SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
FACE AMOUNT |
VALUE | |||||||
YANKEE CORPORATE BONDS AND NOTES 14.4% |
| |||||||
Communication 0.8% |
| |||||||
NTT Finance Corp., 0.583%, 3/01/24 ± |
$ | 3,500,000 | $ | 3,302,874 | ||||
|
|
|||||||
Financial 13.0% |
| |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.875%, 8/14/24 |
3,000,000 | 2,824,444 | ||||||
Aircastle Ltd., 4.125%, 5/01/24 |
1,595,000 | 1,534,012 | ||||||
Bank of Montreal, 0.625%, 7/09/24 |
2,000,000 | 1,853,782 | ||||||
Canadian Imperial Bank of Commerce, 3.100%, 4/02/24 |
4,500,000 | 4,383,767 | ||||||
Cooperatieve Rabobank UA, 1.375%, 1/10/25 |
7,762,000 | 7,151,969 | ||||||
Cooperatieve Rabobank UA, 2.625%, 7/22/24 ± |
2,000,000 | 1,913,243 | ||||||
Mitsubishi UFJ Financial Group, Inc., 3.407%, 3/07/24 |
3,946,000 | 3,856,464 | ||||||
National Australia Bank Ltd., 1.388%, 1/12/25 ± |
11,000,000 | 10,187,465 | ||||||
NatWest Markets PLC, 0.800%, 8/12/24 ± |
4,250,000 | 3,907,850 | ||||||
Skandinaviska Enskilda Banken AB, 0.650%, 9/09/24 ± |
1,000,000 | 919,694 | ||||||
Societe Generale SA, 2.625%, 10/16/24 ± |
750,000 | 703,859 | ||||||
Sumitomo Mitsui Banking Corp., 3.400%, 7/11/24 |
1,000,000 | 972,377 | ||||||
Sumitomo Mitsui Financial Group, Inc., 2.696%, 7/16/24 |
1,966,000 | 1,878,951 | ||||||
Sumitomo Mitsui Trust Bank Ltd., 0.850%, 3/25/24 ± |
5,000,000 | 4,694,552 | ||||||
Westpac Banking Corp., 1.019%, 11/18/24 |
11,800,000 | 10,951,232 | ||||||
|
|
|||||||
57,733,661 | ||||||||
|
|
|||||||
Government 0.6% |
| |||||||
Svensk Exportkredit AB, 0.625%, 10/07/24 |
3,000,000 | 2,784,063 | ||||||
|
|
|||||||
TOTAL YANKEE CORPORATE BONDS AND NOTES (Identified Cost $68,510,736) |
|
|
63,820,598 |
|||||
|
|
|||||||
CORPORATE BONDS AND NOTES 23.5% |
| |||||||
Basic Material 0.9% |
| |||||||
Georgia-Pacific LLC, 3.600%, 3/01/25 ± |
4,000,000 | 3,865,078 | ||||||
|
|
|||||||
Communications 1.8% |
| |||||||
Amazon.com, Inc., 2.730%, 4/13/24 |
5,000,000 | 4,884,027 | ||||||
Booking Holdings, Inc., 3.650%, 3/15/25 |
2,000,000 | 1,942,161 | ||||||
Omnicom Group, Inc./Omnicom Capital, Inc., 3.650%, 11/01/24 |
1,004,000 | 979,789 | ||||||
|
|
|||||||
7,805,977 | ||||||||
|
|
|||||||
Consumer, Cyclical 1.9% |
| |||||||
Marriott International, Inc., 3.600%, 4/15/24 |
2,750,000 | 2,687,572 | ||||||
Mercedes-Benz Finance North America LLC, 2.700%, 6/14/24 ± |
2,000,000 | 1,927,732 | ||||||
Volkswagen Group of America Finance LLC, 2.850%, 9/26/24 ± |
2,000,000 | 1,917,419 |
FACE AMOUNT |
VALUE | |||||||
Walgreens Boots Alliance, Inc., 3.800%, 11/18/24 |
$ | 2,001,000 | $ | 1,959,055 | ||||
|
|
|||||||
8,491,778 | ||||||||
|
|
|||||||
Consumer, Non-cyclical 5.1% |
| |||||||
Amgen, Inc., 3.125%, 5/01/25 |
4,000,000 | 3,838,101 | ||||||
Bayer US Finance LLC, 3.375%, 10/08/24 ± |
3,000,000 | 2,891,999 | ||||||
Cardinal Health, Inc., 3.079%, 6/15/24 |
3,165,000 | 3,060,303 | ||||||
Cigna Corp., 3.500%, 6/15/24 |
3,000,000 | 2,941,822 | ||||||
Elevance Health, Inc., 2.375%, 1/15/25 |
2,500,000 | 2,362,154 | ||||||
Elevance Health, Inc., 3.500%, 8/15/24 |
2,000,000 | 1,958,360 | ||||||
Gilead Sciences, Inc., 3.500%, 2/01/25 |
3,000,000 | 2,897,089 | ||||||
Gilead Sciences, Inc., 3.700%, 4/01/24 |
1,001,000 | 986,194 | ||||||
Laboratory Corp. of America Holdings, 3.600%, 2/01/25 |
2,000,000 | 1,932,192 | ||||||
|
|
|||||||
22,868,214 | ||||||||
|
|
|||||||
Energy 1.4% |
| |||||||
Energy Transfer LP, 4.050%, 3/15/25 |
2,500,000 | 2,399,802 | ||||||
Marathon Petroleum Corp., 3.625%, 9/15/24 |
3,000,000 | 2,909,170 | ||||||
Schlumberger Holdings Corp., 3.750%, 5/01/24 ± |
1,000,000 | 981,112 | ||||||
|
|
|||||||
6,290,084 | ||||||||
|
|
|||||||
Financial 9.1% |
| |||||||
Ally Financial, Inc., 3.875%, 5/21/24 |
2,483,000 | 2,428,247 | ||||||
American Express Co., 3.375%, 5/03/24 |
4,500,000 | 4,391,451 | ||||||
Bank of New York Mellon Corp. (The), 1.600%, 4/24/25 |
4,000,000 | 3,699,512 | ||||||
Charles Schwab Corp. (The), 3.000%, 3/10/25 |
3,000,000 | 2,879,592 | ||||||
Citigroup, Inc., 3.750%, 6/16/24 |
3,000,000 | 2,952,704 | ||||||
Goldman Sachs Group, Inc. (The), 3.500%, 1/23/25 |
668,000 | 642,675 | ||||||
Goldman Sachs Group, Inc. (The), 3.850%, 7/08/24 |
2,000,000 | 1,956,668 | ||||||
Morgan Stanley, 3.875%, 4/29/24 |
4,800,000 | 4,716,599 | ||||||
Nuveen Finance LLC, 4.125%, 11/01/24 ± |
4,000,000 | 3,900,460 | ||||||
Realty Income Corp., 3.875%, 4/15/25 |
2,000,000 | 1,947,497 | ||||||
Truist Financial Corp., 2.850%, 10/26/24 |
3,500,000 | 3,367,275 | ||||||
Vornado Realty LP, 3.500%, 1/15/25 |
3,260,000 | 3,054,545 | ||||||
Wells Fargo & Co., 3.300%, 9/09/24 |
4,500,000 | 4,344,065 | ||||||
|
|
|||||||
40,281,290 | ||||||||
|
|
|||||||
Industrial 1.0% |
| |||||||
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.450%, 7/01/24 ± |
1,750,000 | 1,685,348 | ||||||
Raytheon Technologies Corp., 3.200%, 3/15/24 |
2,695,000 | 2,637,481 | ||||||
|
|
|||||||
4,322,829 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
FACE AMOUNT |
VALUE | |||||||
CORPORATE BONDS AND NOTES (Continued) |
||||||||
Technology 0.8% |
||||||||
International Business Machines Corp., 3.000%, 5/15/24 |
$ | 700,000 | $ | 681,501 | ||||
Oracle Corp., 2.500%, 4/01/25 |
3,250,000 | 3,031,673 | ||||||
|
|
|||||||
3,713,174 | ||||||||
|
|
|||||||
Utilities 1.5% |
||||||||
American Water Capital Corp., 3.400%, 3/01/25 |
4,000,000 | 3,861,068 | ||||||
Edison International, 3.550%, 11/15/24 |
3,000,000 | 2,883,855 | ||||||
|
|
|||||||
6,744,923 | ||||||||
|
|
|||||||
TOTAL CORPORATE BONDS AND NOTES |
104,383,347 | |||||||
|
|
|||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS 61.7% |
| |||||||
U.S. Treasury Securities 61.7% |
| |||||||
U.S. Treasury Note, 0.125%, 10/15/23 |
45,000,000 | 43,121,320 | ||||||
U.S. Treasury Note, 0.125%, 12/15/23 |
18,000,000 | 17,134,453 | ||||||
U.S. Treasury Note, 0.250%, 9/30/23 |
44,500,000 | 42,763,793 | ||||||
U.S. Treasury Note, 0.250%, 11/15/23 |
44,000,000 | 42,068,125 | ||||||
U.S. Treasury Note, 0.375%, 10/31/23 |
44,000,000 | 42,195,313 | ||||||
U.S. Treasury Note, 0.500%, 11/30/23 |
46,250,000 | 44,281,665 | ||||||
U.S. Treasury Note, 0.750%, 12/31/23 |
43,750,000 | 41,897,461 | ||||||
|
|
|||||||
273,462,130 | ||||||||
|
|
|||||||
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS |
273,462,130 | |||||||
|
|
|||||||
SHARES | ||||||||
SHORT-TERM INVESTMENTS 0.3% |
| |||||||
Investment Company 0.3% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
1,426,782 | 1,426,782 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS |
1,426,782 | |||||||
|
|
|||||||
Total Investments 99.9% |
443,092,857 | |||||||
Cash and Other Assets, Less |
|
574,034 | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 443,666,891 | ||||||
|
|
| See Note 1 |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2022 amounted to $42,798,687 or 9.65% of the net assets of the Fund. |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2022
(As a percentage of total investments (excluding short-term investment)) (Unaudited)
Sector |
Percentage | |||
Government |
62.6 | % | ||
Financial |
22.2 | % | ||
Consumer, Non-cyclical |
5.2 | % | ||
Communications |
2.5 | % | ||
Consumer, Cyclical |
1.9 | % | ||
Utilities |
1.5 | % | ||
Energy |
1.4 | % | ||
Industrial |
1.0 | % | ||
Basic Materials |
0.9 | % | ||
Technology |
0.8 | % | ||
|
|
|||
100.0 | % |
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 98.2% |
| |||||||
Belgium 0.0% |
| |||||||
Titan Cement International SA * |
2,956 | $ | 31,404 | |||||
|
|
|||||||
Brazil 4.0% |
| |||||||
Americanas SA |
19,397 | 61,057 | ||||||
Anima Holding SA * |
10,000 | 11,234 | ||||||
Atacadao SA |
18,062 | 64,723 | ||||||
Banco Bradesco SA |
55,533 | 167,906 | ||||||
Banco Bradesco SA, ADR |
136,380 | 501,878 | ||||||
Banco do Brasil SA |
42,599 | 304,191 | ||||||
Banco Santander Brasil SA |
15,497 | 87,161 | ||||||
BrasilAgroCo. Brasileira de Propriedades Agricolas |
4,100 | 22,954 | ||||||
BRF SA * |
22,299 | 53,243 | ||||||
Camil Alimentos SA |
8,900 | 15,657 | ||||||
Cia Brasileira de Distribuicao |
13,155 | 47,286 | ||||||
Cia Siderurgica Nacional SA |
26,464 | 62,403 | ||||||
Cia Siderurgica Nacional SA, ADR |
17,252 | 41,060 | ||||||
Cielo SA |
94,852 | 94,951 | ||||||
Cogna Educacao * |
137,975 | 75,198 | ||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes |
22,413 | 76,242 | ||||||
Direcional Engenharia SA |
8,900 | 27,800 | ||||||
Embraer SA * |
7,694 | 16,617 | ||||||
Embraer SA, ADR * |
9,779 | 84,099 | ||||||
Enauta Participacoes SA |
13,118 | 35,310 | ||||||
Ez Tec Empreendimentos e Participacoes SA |
8,100 | 31,893 | ||||||
Gerdau SA, ADR |
73,328 | 331,443 | ||||||
Getnet Adquirencia e Servicos para Meios de Pagamento SA |
3,874 | 3,361 | ||||||
Guararapes Confeccoes SA |
6,900 | 11,179 | ||||||
Hapvida Participacoes e Investimentos SA ± |
193,170 | 271,079 | ||||||
Hypera SA |
4,610 | 37,816 | ||||||
International Meal Co. Alimentacao SA Class A * |
16,347 | 6,061 | ||||||
Iochpe Maxion SA |
12,197 | 28,716 | ||||||
IRB Brasil Resseguros S/A * |
70,386 | 14,353 | ||||||
JBS SA |
49,951 | 232,608 | ||||||
JHSF Participacoes SA |
40,831 | 56,012 | ||||||
M Dias Branco SA |
8,468 | 68,773 | ||||||
MRV Engenharia e Participacoes SA |
22,336 | 51,427 | ||||||
Multilaser Industrial SA |
11,334 | 11,010 | ||||||
Natura & Co. Holding SA |
51,408 | 140,377 | ||||||
Petroleo Brasileiro SA |
297,600 | 1,824,985 | ||||||
Petroleo Brasileiro SA, ADR |
1,600 | 19,744 | ||||||
Positivo Tecnologia SA |
9,100 | 21,003 | ||||||
TIM SA |
52,297 | 117,113 | ||||||
Tupy SA |
10,847 | 50,471 | ||||||
Ultrapar Participacoes SA |
26,011 | 56,561 | ||||||
Usinas Siderurgicas de Minas Gerais SA |
9,100 | 13,833 | ||||||
Vale SA |
107,490 | 1,435,498 | ||||||
Via S/A * |
30,244 | 17,885 | ||||||
Vibra Energia SA |
6,473 | 20,699 | ||||||
YDUQS Participacoes SA |
4,158 | 11,138 | ||||||
|
|
|||||||
6,736,008 | ||||||||
|
|
|||||||
British Virgin Islands 0.0% |
| |||||||
AsiaInfo Technologies Ltd. ± |
10,000 | 13,504 | ||||||
|
|
|||||||
13,504 | ||||||||
|
|
|||||||
Canada 0.0% |
| |||||||
China Gold International Resources Corp. Ltd. |
10,100 | 25,682 | ||||||
|
|
|||||||
Cayman Islands 0.1% |
| |||||||
Baozun, Inc., Class A * |
4,600 | 8,872 |
SHARES | VALUE | |||||||
Bizlink Holding, Inc. |
2,000 | $ | 17,670 | |||||
DouYu International Holdings Ltd., ADR * |
2,931 | 2,931 | ||||||
Edvantage Group Holdings Ltd. |
31,116 | 7,690 | ||||||
Fulgent Sun International Holding Co. Ltd. |
8,000 | 40,064 | ||||||
Gourmet Master Co. Ltd. |
5,000 | 16,615 | ||||||
Hello Group, Inc., ADR |
2,518 | 11,633 | ||||||
HUYA, Inc., ADR * |
1,730 | 3,841 | ||||||
Yeahka Ltd. *@ |
6,400 | 14,447 | ||||||
|
|
|||||||
123,763 | ||||||||
|
|
|||||||
Chile 0.5% |
| |||||||
CAP SA |
4,662 | 30,149 | ||||||
Cencosud SA |
120,649 | 152,679 | ||||||
Cia Sud Americana de Vapores SA |
206,953 | 14,260 | ||||||
Empresa Nacional de Telecomunicaciones SA |
13,467 | 38,258 | ||||||
Empresas CMPC SA |
54,329 | 82,677 | ||||||
Empresas COPEC SA |
32,701 | 209,487 | ||||||
Enel Americas SA |
1,042,835 | 109,884 | ||||||
Falabella SA |
38,983 | 77,724 | ||||||
Grupo Security SA |
123,808 | 19,184 | ||||||
Hortifrut SA |
6,080 | 5,050 | ||||||
Inversiones Aguas Metropolitanas SA |
20,304 | 8,594 | ||||||
Itau CorpBanca Chile SA |
10,190,153 | 19,296 | ||||||
PAZ Corp. SA |
9,073 | 3,020 | ||||||
Sigdo Koppers SA |
27,803 | 32,973 | ||||||
SMU SA |
147,411 | 14,177 | ||||||
Sociedad Matriz SAAM SA |
550,961 | 31,873 | ||||||
SONDA SA |
83,617 | 31,097 | ||||||
|
|
|||||||
880,382 | ||||||||
|
|
|||||||
China 29.8% |
| |||||||
360 DigiTech, Inc., ADR |
5,298 | 67,920 | ||||||
360 Security Technology, Inc., Class A |
20,500 | 18,791 | ||||||
361 Degrees International Ltd. * |
71,000 | 33,014 | ||||||
3SBio, Inc. ± |
106,000 | 75,216 | ||||||
A-Living Smart City Services Co. Ltd. ± |
41,000 | 32,488 | ||||||
AAC Technologies Holdings, Inc. *@ |
60,500 | 94,646 | ||||||
Accelink Technologies Co. Ltd. Class A |
9,200 | 19,668 | ||||||
Advanced Technology & Materials Co. Ltd. Class A * |
13,900 | 14,839 | ||||||
Agile Group Holdings Ltd. @ |
131,091 | 30,728 | ||||||
Agricultural Bank of China Ltd., H Shares |
2,105,000 | 630,187 | ||||||
Air China Ltd., Class H * |
88,000 | 67,264 | ||||||
Alibaba Group Holding Ltd. * |
202,200 | 2,007,923 | ||||||
Aluminum Corp. of China Ltd., H Shares |
328,000 | 107,388 | ||||||
Angang Steel Co. Ltd., H Shares |
142,999 | 35,341 | ||||||
Anhui Conch Cement Co. Ltd., H Shares |
117,500 | 372,724 | ||||||
Anhui Guangxin Agrochemical Co. Ltd., Class A |
3,080 | 11,193 | ||||||
Anhui Huilong Agricultural Means of Production Co. Ltd. Class A |
6,500 | 8,580 | ||||||
Anhui Truchum Advanced Materials & Technology Co. Ltd., Class A |
13,800 | 16,717 | ||||||
Anhui Zhongding Sealing Parts Co. Ltd., Class A |
13,300 | 26,277 | ||||||
Anton Oilfield Services Group * |
226,000 | 10,077 | ||||||
Asia Cement China Holdings Corp. |
40,000 | 16,408 | ||||||
Avary Holding Shenzhen Co. Ltd., Class A |
12,300 | 44,942 | ||||||
AviChina Industry & Technology Co. Ltd., H Shares |
254,000 | 98,369 | ||||||
BAIC Motor Corp. Ltd., H Shares ± |
145,000 | 31,772 | ||||||
Baidu, Inc., ADR * |
12,143 | 1,426,681 | ||||||
Bank of Beijing Co. Ltd., Class A |
98,400 | 57,032 | ||||||
Bank of Changsha Co. Ltd., Class A |
25,500 | 23,806 | ||||||
Bank of Chengdu Co. Ltd., Class A |
26,000 | 59,984 | ||||||
Bank of China Ltd., H Shares |
5,235,902 | 1,714,251 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Bank of Chongqing Co. Ltd., H Shares |
46,500 | $ | 22,274 | |||||
Bank of Communications Co. Ltd., H Shares |
565,400 | 298,199 | ||||||
Bank of Guiyang Co. Ltd., Class A |
22,500 | 17,197 | ||||||
Bank of Hangzhou Co. Ltd., Class A |
32,101 | 64,508 | ||||||
Bank of Jiangsu Co. Ltd. Class A |
80,100 | 84,040 | ||||||
Bank of Nanjing Co. Ltd., Class A |
61,300 | 90,940 | ||||||
Bank of Ningbo Co. Ltd., Class A |
38,780 | 172,539 | ||||||
Bank of Shanghai Co. Ltd., Class A |
68,500 | 56,510 | ||||||
Bank of Suzhou Co. Ltd., Class A |
22,220 | 20,900 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A |
124,500 | 92,350 | ||||||
BBMG Corp., H Shares |
184,000 | 22,269 | ||||||
Beijing Capital Development Co. Ltd., Class A |
12,200 | 7,536 | ||||||
Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A |
48,000 | 17,599 | ||||||
Beijing Capital International Airport Co. Ltd., H Shares * |
190,000 | 102,871 | ||||||
Beijing Dabeinong Technology Group Co. Ltd., Class A * |
18,000 | 20,307 | ||||||
Beijing Energy International Holding Co. Ltd. * |
310,000 | 8,017 | ||||||
Beijing Enlight Media Co. Ltd., Class A |
11,300 | 11,314 | ||||||
Beijing Enterprises Holdings Ltd. |
46,000 | 129,216 | ||||||
Beijing Enterprises Water Group Ltd. |
448,000 | 103,301 | ||||||
Beijing GeoEnviron Engineering & Technology, Inc., Class A |
11,232 | 16,790 | ||||||
Beijing Jetsen Technology Co. Ltd. Class A * |
28,600 | 17,907 | ||||||
Beijing New Building Materials PLC Class A |
4,200 | 14,244 | ||||||
Beijing North Star Co. Ltd., Class H |
100,000 | 10,446 | ||||||
Beijing Orient Landscape & Environment Co. Ltd., Class A * |
20,000 | 5,866 | ||||||
Beijing Orient National Communication Science & Technology Co. Ltd., Class A * |
8,200 | 8,349 | ||||||
Beijing Originwater Technology Co. Ltd., Class A |
5,558 | 3,699 | ||||||
Beijing Shiji Information Technology Co. Ltd., Class A |
4,508 | 7,864 | ||||||
Beijing Shougang Co. Ltd., Class A |
27,500 | 13,845 | ||||||
Beijing Shunxin Agriculture Co. Ltd., Class A |
6,100 | 17,127 | ||||||
Beijing Sinnet Technology Co. Ltd., Class A |
12,200 | 13,746 | ||||||
Beijing SL Pharmaceutical Co. Ltd., Class A |
8,900 | 10,329 | ||||||
Beijing Thunisoft Corp. Ltd., Class A * |
4,400 | 3,617 | ||||||
Beijing Yanjing Brewery Co. Ltd., Class A |
9,600 | 12,631 | ||||||
Beijing-Shanghai High Speed Railway Co. Ltd., Class A |
108,000 | 68,840 | ||||||
BGI Genomics Co. Ltd. Class A |
1,800 | 13,537 | ||||||
Blue Sail Medical Co. Ltd., Class A * |
12,900 | 14,153 | ||||||
Bluefocus Intelligent Communications Group Co. Ltd., Class A |
23,100 | 14,594 | ||||||
BOE Technology Group Co. Ltd., Class A |
220,300 | 101,588 | ||||||
Bohai Leasing Co. Ltd., Class A * |
64,900 | 18,854 | ||||||
Bright Dairy & Food Co. Ltd., Class A |
7,700 | 11,369 | ||||||
Brilliance China Automotive Holdings Ltd. *§ |
178,000 | 31,066 | ||||||
BTG Hotels Group Co. Ltd., Class A |
5,700 | 17,194 | ||||||
BYD Electronic International Co. Ltd. |
64,000 | 154,585 |
SHARES | VALUE | |||||||
C C Land Holdings Ltd. |
106,500 | $ | 25,778 | |||||
C&D International Investment Group Ltd. |
21,187 | 54,657 | ||||||
C&S Paper Co. Ltd. Class A |
6,700 | 9,618 | ||||||
Caitong Securities Co. Ltd., Class A |
15,470 | 14,747 | ||||||
CECEP Solar Energy Co. Ltd., Class A * |
30,100 | 28,991 | ||||||
CECEP Wind-Power Corp., Class A |
37,700 | 23,392 | ||||||
Central China Management Co. Ltd. |
81,000 | 7,223 | ||||||
Central China Real Estate Ltd. |
84,106 | 3,375 | ||||||
CGN New Energy Holdings Co. Ltd. @ |
130,000 | 37,263 | ||||||
Changjiang Securities Co. Ltd., Class A |
39,900 | 29,315 | ||||||
Chaowei Power Holdings Ltd. |
71,000 | 14,653 | ||||||
Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A |
4,900 | 11,519 | ||||||
Chengdu Wintrue Holding Co. Ltd., Class A |
8,900 | 15,161 | ||||||
Chengtun Mining Group Co. Ltd., Class A |
19,700 | 18,030 | ||||||
China Aircraft Leasing Group Holdings Ltd. |
16,000 | 9,437 | ||||||
China Baoan Group Co. Ltd., Class A |
9,000 | 14,240 | ||||||
China BlueChemical Ltd., H Shares |
192,000 | 39,869 | ||||||
China Bohai Bank Co. Ltd., Class H ± |
141,000 | 19,220 | ||||||
China Cinda Asset Management Co. Ltd., Class H |
561,000 | 62,177 | ||||||
China Citic Bank Corp. Ltd., H Shares |
613,000 | 243,649 | ||||||
China Coal Energy Co. Ltd., H Shares |
158,000 | 143,313 | ||||||
China Communication Services Corp. Ltd., H Shares |
231,600 | 77,892 | ||||||
China Conch Venture Holdings Ltd. |
80,500 | 128,396 | ||||||
China Construction Bank Corp., H Shares |
7,185,810 | 4,156,055 | ||||||
China Development Bank Financial Leasing Co. Ltd., H Shares ± |
128,000 | 15,491 | ||||||
China Dongxiang Group Co. Ltd. * |
389,000 | 16,106 | ||||||
China Eastern Airlines Corp. Ltd., ADR * |
403 | 6,859 | ||||||
China Eastern Airlines Corp. Ltd., H Shares *@ |
86,000 | 29,252 | ||||||
China Education Group Holdings Ltd. |
30,000 | 22,205 | ||||||
China Energy Engineering Corp. |
88,674 | 28,011 | ||||||
China Energy Engineering Corp. Ltd., H Shares |
152,000 | 15,878 | ||||||
China Everbright Bank Co. Ltd., H Shares |
241,000 | 66,316 | ||||||
China Everbright Greentech Ltd. @± |
65,000 | 12,421 | ||||||
China Everbright Ltd. |
88,000 | 50,897 | ||||||
China Foods Ltd. |
86,000 | 25,637 | ||||||
China Galaxy Securities Co. Ltd., H Shares |
194,500 | 89,945 | ||||||
China Gas Holdings Ltd. |
211,800 | 253,902 | ||||||
China Great Wall Securities Co. Ltd., Class A |
8,500 | 9,805 | ||||||
China Greatwall Technology Group Co. Ltd. Class A |
15,387 | 18,531 | ||||||
China Harmony Auto Holding Ltd. |
62,000 | 11,927 | ||||||
China High Speed Transmission Equipment Group Co. Ltd. * |
44,000 | 19,843 | ||||||
China Hongqiao Group Ltd. |
162,500 | 134,560 | ||||||
China International Marine Containers Group Co. Ltd., Class H @ |
74,460 | 47,429 | ||||||
China Jinmao Holdings Group Ltd. |
440,000 | 89,686 | ||||||
China Jushi Co. Ltd., Class A |
22,631 | 42,063 | ||||||
China Lesso Group Holdings Ltd. |
100,000 | 93,125 | ||||||
China Life Insurance Co. Ltd., Class H |
277,000 | 354,999 | ||||||
China Lilang Ltd. |
31,000 | 13,230 | ||||||
China Medical System Holdings Ltd. |
97,000 | 115,787 | ||||||
China Meheco Co. Ltd., Class A |
13,860 | 23,533 | ||||||
China Merchants Bank Co. Ltd., H Shares |
253,000 | 1,176,422 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
China Merchants Energy Shipping Co. Ltd., Class A |
56,880 | $ | 56,951 | |||||
China Merchants Land Ltd. * |
118,000 | 8,118 | ||||||
China Merchants Port Holdings Co. Ltd. |
84,516 | 106,269 | ||||||
China Merchants Securities Co. Ltd., H Shares @± |
19,660 | 17,031 | ||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A |
22,000 | 50,694 | ||||||
China Minsheng Banking Corp. Ltd., H Shares @ |
395,880 | 113,474 | ||||||
China Modern Dairy Holdings Ltd. @ |
290,000 | 33,250 | ||||||
China National Accord Medicines Corp. Ltd., Class A |
5,200 | 21,904 | ||||||
China National Building Material Co. Ltd., H Shares |
418,850 | 320,688 | ||||||
China National Medicines Corp. Ltd., Class A |
2,900 | 10,187 | ||||||
China New Higher Education Group Ltd. ± |
74,000 | 18,100 | ||||||
China Nonferrous Metal Industrys Foreign Engineering and Construction Co. Ltd. Class A * |
15,100 | 9,369 | ||||||
China Oil & Gas Group Ltd. * |
200,000 | 7,007 | ||||||
China Oilfield Services Ltd., H Shares |
168,000 | 166,723 | ||||||
China Oriental Group Co. Ltd. |
122,000 | 19,583 | ||||||
China Overseas Grand Oceans Group Ltd. |
141,402 | 52,420 | ||||||
China Overseas Land & Investment Ltd. |
376,500 | 980,862 | ||||||
China Pacific Insurance Group Co. Ltd., H Shares |
203,200 | 374,319 | ||||||
China Petroleum & Chemical Corp., H Shares |
1,892,400 | 812,442 | ||||||
China Railway Group Ltd., H Shares |
326,000 | 159,892 | ||||||
China Railway Signal & Communication Corp. Ltd. H Shares ± |
149,000 | 41,001 | ||||||
China Reinsurance Group Corp., H Shares |
323,000 | 19,957 | ||||||
China Renaissance Holdings Ltd. *±@ |
11,300 | 9,703 | ||||||
China Resources Cement Holdings Ltd. |
238,000 | 110,364 | ||||||
China Resources Double Crane Pharmaceutical Co. Ltd., Class A |
6,300 | 15,627 | ||||||
China Resources Gas Group Ltd. |
70,000 | 222,494 | ||||||
China Resources Land Ltd. |
338,000 | 1,330,531 | ||||||
China Resources Medical Holdings Co. Ltd. |
71,500 | 38,348 | ||||||
China Resources Pharmaceutical Group Ltd. ± |
134,500 | 92,355 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A |
7,900 | 42,791 | ||||||
China Risun Group Ltd. |
31,000 | 12,124 | ||||||
China Sanjiang Fine Chemicals Co. Ltd. |
44,000 | 8,913 | ||||||
China SCE Group Holdings Ltd. |
170,000 | 11,045 | ||||||
China Shanshui Cement Group Ltd. *@ |
53,000 | 11,546 | ||||||
China Shenhua Energy Co. Ltd., H Shares |
293,000 | 875,307 | ||||||
China Shineway Pharmaceutical Group Ltd. |
36,000 | 22,335 | ||||||
China South City Holdings Ltd. *@ |
508,000 | 26,210 | ||||||
China South Publishing & Media Group Co. Ltd., Class A |
11,600 | 16,097 | ||||||
China Southern Airlines Co. Ltd., H Shares *@ |
120,000 | 63,289 | ||||||
China Sunshine Paper Holdings Co. Ltd. |
26,000 | 5,863 | ||||||
China Taiping Insurance Holdings Co. Ltd. |
137,800 | 116,038 | ||||||
China Tianrui Group Cement Co. Ltd. *@ |
11,000 | 8,800 | ||||||
China Tower Corp. Ltd., Class H ± |
3,372,000 | 360,842 | ||||||
China Traditional Chinese Medicine Holdings Co. Ltd. |
260,000 | 90,756 |
SHARES | VALUE | |||||||
China TransInfo Technology Co. Ltd., Class A * |
6,900 | $ | 8,086 | |||||
China Travel International Investment Hong Kong Ltd. * |
180,000 | 31,645 | ||||||
China Vanke Co. Ltd., Class H |
158,172 | 288,148 | ||||||
China Yongda Automobiles Services Holdings Ltd. |
84,000 | 45,052 | ||||||
China Zhongwang Holdings Ltd. *@§ |
154,000 | 6,180 | ||||||
Chinese Universe Publishing and Media Group Co. Ltd., Class A |
9,200 | 10,885 | ||||||
Chongqing Changan Automobile Co. Ltd., Class A |
40,430 | 71,610 | ||||||
Chongqing Department Store Co. Ltd., Class A |
2,400 | 6,948 | ||||||
Chongqing Rural Commercial Bank Co. Ltd., H Shares |
226,000 | 73,417 | ||||||
Chow Tai Seng Jewellery Co. Ltd. Class A |
9,125 | 14,927 | ||||||
CIFI Ever Sunshine Services Group Ltd. @ |
18,000 | 6,696 | ||||||
CIFI Holdings Group Co. Ltd. @ |
397,617 | 40,523 | ||||||
CIMC Enric Holdings Ltd. |
74,000 | 78,905 | ||||||
CITIC Ltd. |
375,000 | 353,519 | ||||||
CITIC Securities Co. Ltd., Class H |
83,950 | 142,668 | ||||||
Citychamp Watch & Jewellery Group Ltd. * |
62,000 | 8,925 | ||||||
CMOC Group Ltd. Class H @ |
66,000 | 25,813 | ||||||
CNHTC Jinan Truck Co. Ltd., Class A |
2,800 | 4,012 | ||||||
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A |
21,460 | 20,851 | ||||||
COFCO Biotechnology Co. Ltd., Class A |
15,100 | 17,120 | ||||||
COFCO Joycome Foods Ltd. * |
162,000 | 43,546 | ||||||
Concord New Energy Group Ltd. |
420,000 | 34,779 | ||||||
Consun Pharmaceutical Group Ltd. |
23,000 | 9,845 | ||||||
COSCO SHIPPING Development Co. Ltd., H Shares |
324,200 | 40,888 | ||||||
COSCO SHIPPING Energy Transportation Co. Ltd., H Shares * |
136,000 | 113,136 | ||||||
COSCO SHIPPING Holdings Co. Ltd., H Shares |
244,199 | 286,519 | ||||||
COSCO SHIPPING Ports Ltd. |
156,998 | 99,003 | ||||||
Country Garden Holdings Co. Ltd. @ |
847,376 | 196,470 | ||||||
CPMC Holdings Ltd. |
53,000 | 22,079 | ||||||
CSG Holding Co. Ltd., Class A |
19,500 | 19,084 | ||||||
CSSC Hong Kong Shipping Co. Ltd. |
70,000 | 10,434 | ||||||
CTS International Logistics Corp. Ltd., Class A |
11,000 | 14,876 | ||||||
Dali Foods Group Co. Ltd. ± |
116,500 | 50,164 | ||||||
Daqin Railway Co. Ltd., Class A |
85,800 | 81,914 | ||||||
DBG Technology Co. Ltd.,Class A |
7,000 | 9,585 | ||||||
Dexin China Holdings Co. Ltd. * |
76,000 | 13,458 | ||||||
DHC Software Co. Ltd., Class A |
28,100 | 21,121 | ||||||
Digital China Holdings Ltd. |
62,000 | 24,880 | ||||||
Digital China Information Service Co. Ltd., Class A |
10,000 | 13,608 | ||||||
Dong-E-E-Jiao Co. Ltd., Class A |
3,300 | 15,073 | ||||||
Dongfang Electric Corp. Ltd. H Shares |
29,800 | 40,621 | ||||||
Dongfeng Motor Group Co. Ltd., H Shares |
150,000 | 80,258 | ||||||
Dongxing Securities Co. Ltd., Class A |
12,000 | 12,523 | ||||||
Dongyue Group Ltd. |
91,000 | 90,772 | ||||||
Dynagreen Environmental Protection Group Co. Ltd., Class H |
52,000 | 15,766 | ||||||
E-Commodities Holdings Ltd. |
94,000 | 19,639 | ||||||
EEKA Fashion Holdings Ltd. |
8,000 | 10,885 | ||||||
Eoptolink Technology, Inc. Ltd. Class A |
4,400 | 13,117 | ||||||
Essex Bio-technology Ltd. |
37,000 | 16,073 | ||||||
Eternal Asia Supply Chain Management Ltd. Class A |
24,300 | 18,916 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
EVA Precision Industrial Holdings Ltd. @ |
92,000 | $ | 15,119 | |||||
Everbright Securities Co. Ltd., Class H ± |
16,000 | 8,642 | ||||||
Fangda Carbon New Material Co. Ltd., Class A * |
15,700 | 13,793 | ||||||
Fangda Special Steel Technology Co. Ltd., Class A |
19,000 | 16,157 | ||||||
Far East Horizon Ltd. |
200,000 | 135,038 | ||||||
FAW Jiefang Group Co. Ltd., Class A |
24,100 | 24,402 | ||||||
Fiberhome Telecommunication Technologies Co. Ltd., Class A |
5,800 | 10,159 | ||||||
FIH Mobile Ltd. * |
203,000 | 20,947 | ||||||
Financial Street Holdings Co. Ltd., Class A |
23,300 | 16,692 | ||||||
FinVolution Group, ADR |
11,439 | 48,959 | ||||||
Fosun International Ltd. |
195,500 | 121,290 | ||||||
Founder Securities Co. Ltd., Class A |
23,800 | 21,984 | ||||||
Foxconn Industrial Internet Co. Ltd. Class A |
66,600 | 80,019 | ||||||
Fu Shou Yuan International Group Ltd. |
65,000 | 35,855 | ||||||
Fufeng Group Ltd. |
153,000 | 78,160 | ||||||
Fujian Funeng Co. Ltd., Class A |
14,100 | 21,256 | ||||||
Fujian Sunner Development Co. Ltd., Class A |
9,000 | 24,571 | ||||||
Gan & Lee Pharmaceuticals Co. Ltd., Class A |
3,400 | 16,268 | ||||||
Gansu Shangfeng Cement Co. Ltd., Class A |
6,240 | 10,894 | ||||||
GCL Energy Technology Co. Ltd. |
4,200 | 7,794 | ||||||
GCL New Energy Holdings Ltd. * |
125,610 | 1,376 | ||||||
GCL Technology Holdings Ltd. * |
395,000 | 120,770 | ||||||
GDS Holdings Ltd., Class A * |
39,500 | 86,552 | ||||||
Geely Automobile Holdings Ltd. |
411,000 | 566,525 | ||||||
GEM Co. Ltd., Class A |
33,500 | 34,864 | ||||||
Gemdale Corp., Class A |
19,200 | 31,110 | ||||||
Gemdale Properties & Investment Corp. Ltd. |
442,000 | 29,843 | ||||||
Genertec Universal Medical Group Co. Ltd. ± |
75,500 | 38,665 | ||||||
GF Securities Co. Ltd., Class H |
64,200 | 69,928 | ||||||
Giant Network Group Co. Ltd., Class A |
9,400 | 9,955 | ||||||
Glory Sun Financial Group Ltd. *@ |
356,000 | 771 | ||||||
Golden Eagle Retail Group Ltd. * |
15,000 | 9,535 | ||||||
Grand Pharmaceutical Group Ltd. |
88,500 | 38,220 | ||||||
Grandjoy Holdings Group Co. Ltd., Class A * |
30,000 | 14,172 | ||||||
Greattown Holdings Ltd., Class A * |
34,100 | 15,244 | ||||||
Greatview Aseptic Packaging Co. Ltd. |
88,000 | 12,444 | ||||||
Gree Electric Appliances, Inc., Class A |
13,800 | 63,111 | ||||||
Greenland Hong Kong Holdings Ltd. |
112,000 | 7,705 | ||||||
Greentown China Holdings Ltd. |
78,500 | 147,607 | ||||||
GRG Banking Equipment Co. Ltd., Class A |
12,500 | 14,366 | ||||||
Guangdong HEC Technology Holding Co. Ltd., Class A * |
28,100 | 34,871 | ||||||
Guangdong Huatie Tongda High-speed Railway Equipment Corp., Class A |
22,300 | 12,893 | ||||||
Guangdong Provincial Expressway Development Co. Ltd. Class A |
12,700 | 13,253 | ||||||
Guangdong Tapai Group Co. Ltd., Class A |
9,300 | 9,836 | ||||||
Guanghui Energy Co. Ltd., Class A |
26,800 | 46,410 | ||||||
Guangshen Railway Co. Ltd.,Class H * |
82,000 | 11,178 | ||||||
Guangxi Liugong Machinery Co. Ltd., Class A |
14,900 | 11,872 |
SHARES | VALUE | |||||||
Guangxi Wuzhou Zhongheng Group Co. Ltd., Class A |
24,500 | $ | 8,948 | |||||
Guangzhou Automobile Group Co. Ltd., H Shares |
188,000 | 134,121 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H |
16,000 | 34,570 | ||||||
Guangzhou Haige Communications Group, Inc. Co., Class A |
22,300 | 24,435 | ||||||
Guangzhou Yuexiu Financial Holdings Group Co. Ltd., Class A |
18,042 | 14,452 | ||||||
Guizhou Panjiang Refined Coal Co. Ltd., Class A |
9,269 | 11,084 | ||||||
Guosen Securities Co. Ltd., Class A |
22,400 | 27,166 | ||||||
Guosheng Financial Holding, Inc., Class A * |
14,131 | 15,205 | ||||||
Guotai Junan Securities Co. Ltd., H Shares ± |
29,000 | 30,812 | ||||||
Haier Smart Home Co. Ltd., Class A |
20,500 | 71,608 | ||||||
Hainan Meilan International Airport Co. Ltd., H Shares * |
12,000 | 28,893 | ||||||
Haitian International Holdings Ltd. |
44,000 | 83,632 | ||||||
Haitong Securities Co. Ltd., Class H |
169,600 | 89,881 | ||||||
Hans Laser Technology Industry Group Co. Ltd., Class A |
8,900 | 32,707 | ||||||
Hang Zhou Great Star Industrial Co. Ltd., Class A * |
4,400 | 11,789 | ||||||
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A |
22,900 | 33,811 | ||||||
Hangzhou Robam Appliances Co. Ltd. Class A |
2,900 | 9,377 | ||||||
Health & Happiness H&H International Holdings Ltd. |
18,500 | 17,393 | ||||||
Heilongjiang Agriculture Co. Ltd., Class A |
8,000 | 15,016 | ||||||
Hengan International Group Co. Ltd. |
55,500 | 248,170 | ||||||
Hengdeli Holdings Ltd. * |
184,000 | 5,626 | ||||||
Hengli Petrochemical Co. Ltd., Class A |
35,500 | 84,705 | ||||||
Hengtong Optic-electric Co. Ltd., Class A |
9,680 | 24,844 | ||||||
Hengyi Petrochemical Co. Ltd., Class A |
25,000 | 27,182 | ||||||
Hesteel Co. Ltd., Class A |
65,500 | 20,783 | ||||||
Hi Sun Technology China Ltd. *@ |
138,000 | 15,295 | ||||||
Hisense Home Appliances Group Co. Ltd., Class H |
34,000 | 30,883 | ||||||
Holitech Technology Co. Ltd., Class A * |
35,900 | 13,163 | ||||||
Hongda Xingye Co. Ltd., Class A * |
21,200 | 10,165 | ||||||
Hope Education Group Co. Ltd. @± |
120,000 | 8,561 | ||||||
Hopson Development Holdings Ltd. @ |
70,180 | 73,491 | ||||||
Hua Hong Semiconductor Ltd. *± |
43,000 | 98,384 | ||||||
Huaan Securities Co. Ltd., Class A |
23,372 | 14,996 | ||||||
Huadong Medicine Co. Ltd., Class A |
8,421 | 47,644 | ||||||
Huafon Chemical Co. Ltd., Class A |
27,754 | 25,558 | ||||||
Huafon Microfibre Shanghai Technology Co. Ltd., Class T * |
25,700 | 13,120 | ||||||
Huagong Tech Co. Ltd., Class A |
6,200 | 16,157 | ||||||
Huaibei Mining Holdings Co. Ltd. Class A |
10,400 | 24,712 | ||||||
Huapont Life Sciences Co. Ltd., Class A |
27,600 | 20,706 | ||||||
Huatai Securities Co. Ltd., Class H ± |
58,600 | 64,500 | ||||||
Huaxi Securities Co. Ltd., Class A |
12,600 | 13,024 | ||||||
Huaxia Bank Co. Ltd., Class A |
43,300 | 30,714 | ||||||
Huaxin Cement Co. Ltd., Class A |
7,000 | 16,535 | ||||||
Huayu Automotive Systems Co. Ltd., Class A |
17,500 | 40,769 | ||||||
Hubei Biocause Pharmaceutical Co. Ltd., Class A |
17,600 | 7,520 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A |
4,400 | $ | 14,215 | |||||
Hubei Xingfa Chemicals Group Co. Ltd., Class A |
9,400 | 44,381 | ||||||
Humanwell Healthcare Group Co. Ltd., Class A |
9,700 | 23,979 | ||||||
Hunan Gold Corp. Ltd., Class A |
15,800 | 26,760 | ||||||
Hunan Valin Steel Co. Ltd., Class A |
47,300 | 27,215 | ||||||
Hytera Communications Corp. Ltd., Class A * |
23,400 | 14,783 | ||||||
IMAX China Holding, Inc. ± |
6,300 | 4,486 | ||||||
Industrial & Commercial Bank of China Ltd., H Shares |
4,073,000 | 1,909,466 | ||||||
Industrial Bank Co. Ltd. Class A |
122,900 | 288,567 | ||||||
Industrial Securities Co. Ltd., Class A * |
52,910 | 40,664 | ||||||
Infore Environment Technology Group Co. Ltd., Class A |
12,400 | 8,131 | ||||||
Ingdan, Inc. *± |
40,000 | 7,949 | ||||||
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A |
169,960 | 44,101 | ||||||
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A |
12,000 | 22,118 | ||||||
Inner Mongolia ERDOS Resources Co. Ltd. Class A |
8,400 | 17,970 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A |
55,300 | 30,648 | ||||||
Inner Mongolia Yitai Coal Co. Ltd. Class H |
9,800 | 12,884 | ||||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A |
34,700 | 36,358 | ||||||
Inspur Electronic Information Industry Co. Ltd., Class A |
5,700 | 15,875 | ||||||
Intco Medical Technology Co. Ltd. Class A |
5,700 | 16,020 | ||||||
JCET Group Co. Ltd., Class A |
17,895 | 54,080 | ||||||
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A |
20,200 | 22,675 | ||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A |
5,100 | 12,528 | ||||||
Jiangsu Guotai International Group Co. Ltd., Class A |
10,400 | 12,187 | ||||||
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd., Class A |
34,700 | 20,993 | ||||||
Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A |
6,700 | 14,730 | ||||||
Jiangsu Provincial Agricultural Reclamation and Development Corp. |
11,200 | 18,163 | ||||||
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A |
10,800 | 22,723 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A |
5,600 | 22,752 | ||||||
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd., Class A |
27,840 | 18,256 | ||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A |
18,600 | 58,938 | ||||||
Jiangxi Copper Co. Ltd., H Shares |
82,000 | 94,853 | ||||||
Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd., Class A |
17,100 | 13,094 | ||||||
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A |
7,300 | 13,774 | ||||||
Jinchuan Group International Resources Co. Ltd. @ |
129,000 | 12,490 | ||||||
Jingrui Holdings Ltd. *§ |
43,000 | 2,424 | ||||||
JinkoSolar Holding Co. Ltd., ADR *@ |
4,223 | 233,912 |
SHARES | VALUE | |||||||
Jinneng Science&Technology Co. Ltd., Class A |
10,600 | $ | 13,902 | |||||
Jizhong Energy Resources Co. Ltd., Class A |
21,200 | 21,675 | ||||||
JNBY Design Ltd. |
16,500 | 16,122 | ||||||
Joincare Pharmaceutical Group Industry Co. Ltd., Class A |
18,700 | 27,742 | ||||||
Jointown Pharmaceutical Group Co. Ltd., Class A |
10,700 | 17,262 | ||||||
Joy City Property Ltd. * |
226,000 | 6,766 | ||||||
Joyoung Co. Ltd. Class A |
9,600 | 19,995 | ||||||
JOYY, Inc., ADR |
3,932 | 102,232 | ||||||
Ju Teng International Holdings Ltd. |
56,000 | 10,487 | ||||||
Juneyao Airlines Co. Ltd., Class A * |
9,700 | 20,710 | ||||||
Kingboard Holdings Ltd. |
71,500 | 202,213 | ||||||
Kingboard Laminates Holdings Ltd. |
96,000 | 86,465 | ||||||
Kingfa Sci & Tech Co. Ltd. Class A |
13,400 | 17,725 | ||||||
Kingsoft Corp. Ltd. |
64,600 | 172,000 | ||||||
Kunlun Energy Co. Ltd. |
354,000 | 255,703 | ||||||
Kunlun Tech Co. Ltd., Class A |
5,800 | 10,126 | ||||||
KWG Living Group Holdings Ltd. |
65,000 | 8,695 | ||||||
Lakala Payment Co. Ltd. Class A * |
4,300 | 8,295 | ||||||
Lao Feng Xiang Co. Ltd., Class A |
2,700 | 15,017 | ||||||
LB Group Co. Ltd., Class A |
11,200 | 24,876 | ||||||
Lee & Man Chemical Co. Ltd. |
16,000 | 11,068 | ||||||
Lee & Man Paper Manufacturing Ltd. |
122,000 | 39,166 | ||||||
Lees Pharmaceutical Holdings Ltd. @ |
34,500 | 7,296 | ||||||
Legend Holdings Corp., H Shares ± |
38,400 | 33,363 | ||||||
Lenovo Group Ltd. |
40,000 | 27,823 | ||||||
Lens Technology Co. Ltd., Class A |
24,140 | 31,421 | ||||||
Leo Group Co. Ltd., Class A * |
48,000 | 11,846 | ||||||
Lepu Medical Technology Beijing Co. Ltd. Class A |
7,800 | 23,242 | ||||||
LexinFintech Holdings Ltd., ADR *@ |
16,062 | 27,145 | ||||||
Leyard Optoelectronic Co. Ltd., Class A |
20,300 | 15,773 | ||||||
Liaoning Cheng Da Co. Ltd., Class A |
5,800 | 10,060 | ||||||
Lingyi iTech Guangdong Co., Class A * |
42,800 | 26,859 | ||||||
Livzon Pharmaceutical Group, Inc., H Shares |
14,100 | 35,350 | ||||||
Logan Group Co. Ltd. @ |
47,000 | 3,293 | ||||||
Longfor Group Holdings Ltd. ± |
154,500 | 443,838 | ||||||
Lonking Holdings Ltd. |
158,000 | 23,148 | ||||||
Luenmei Quantum Co. Ltd., Class A |
13,300 | 13,279 | ||||||
Luolai Lifestyle Technology Co. Ltd., Class A |
5,300 | 7,631 | ||||||
Luoniushan Co. Ltd., Class A * |
16,000 | 14,215 | ||||||
Luxi Chemical Group Co. Ltd., Class A |
8,600 | 15,718 | ||||||
Luye Pharma Group Ltd. *@± |
161,500 | 44,852 | ||||||
LVGEM China Real Estate Investment Co. Ltd. *@ |
72,000 | 7,980 | ||||||
Maanshan Iron & Steel Co. Ltd., H Shares |
78,000 | 16,197 | ||||||
Maccura Biotechnology Co. Ltd. Class A |
3,800 | 8,976 | ||||||
Mango Excellent Media Co. Ltd. Class A |
11,000 | 38,672 | ||||||
Maoyan Entertainment *@± |
21,200 | 14,746 | ||||||
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A * |
29,300 | 17,643 | ||||||
Metallurgical Corp. of China Ltd., H Shares |
225,000 | 36,690 | ||||||
Midea Real Estate Holding Ltd. ± |
14,000 | 13,162 | ||||||
Ming Yang Smart Energy Group Ltd., Class A |
6,800 | 23,139 | ||||||
Mingfa Group International Co. Ltd. * |
91,000 | 4,463 | ||||||
Minth Group Ltd. |
60,000 | 132,847 | ||||||
MLS Co. Ltd., Class A |
20,000 | 23,353 | ||||||
MMG Ltd. * |
192,000 | 45,984 | ||||||
Nanjing Iron & Steel Co. Ltd., Class A |
36,600 | 14,090 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Nanjing Xinjiekou Department Store Co. Ltd., Class A |
6,900 | $ | 8,261 | |||||
NavInfo Co. Ltd., Class A |
10,200 | 16,599 | ||||||
NetDragon Websoft Holdings Ltd. |
25,500 | 46,454 | ||||||
New China Life Insurance Co. Ltd., H Shares |
57,900 | 110,494 | ||||||
New Hope Liuhe Co. Ltd., Class A * |
20,215 | 39,625 | ||||||
Newland Digital Technology Co. Ltd., Class A |
10,000 | 17,077 | ||||||
Nexteer Automotive Group Ltd. @ |
69,000 | 37,446 | ||||||
Nine Dragons Paper Holdings Ltd. |
173,000 | 107,551 | ||||||
Ningbo Huaxiang Electronic Co. Ltd., Class A |
8,950 | 15,272 | ||||||
Ningbo Joyson Electronic Corp., Class A * |
5,200 | 9,694 | ||||||
Ningbo Zhoushan Port Co. Ltd., Class A |
33,200 | 16,995 | ||||||
Noah Holdings Ltd., ADR * |
1,172 | 15,482 | ||||||
Northeast Securities Co. Ltd., Class A |
8,500 | 7,731 | ||||||
OFILM Group Co. Ltd., Class A * |
20,800 | 15,458 | ||||||
ORG Technology Co. Ltd., Class A |
26,800 | 17,498 | ||||||
Orient Securities Co. Ltd., Class H @± |
52,400 | 20,560 | ||||||
Oriental Energy Co. Ltd. Class A |
11,300 | 12,143 | ||||||
Oriental Pearl Group Co. Ltd., Class A |
10,700 | 9,235 | ||||||
Ourpalm Co. Ltd., Class A * |
27,500 | 10,820 | ||||||
PAX Global Technology Ltd. |
75,000 | 56,945 | ||||||
PCI Technology Group Co. Ltd., Class A |
15,600 | 12,231 | ||||||
Peoples Insurance Co. Group of China Ltd. (The), H Shares |
305,000 | 88,590 | ||||||
Perfect World Co. Ltd., Class A |
6,700 | 11,735 | ||||||
PetroChina Co. Ltd., H Shares |
2,014,000 | 826,162 | ||||||
PICC Property & Casualty Co. Ltd., H Shares |
494,000 | 512,273 | ||||||
Ping An Bank Co. Ltd., Class A |
108,500 | 181,160 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H |
452,500 | 2,259,719 | ||||||
Pingdingshan Tianan Coal Mining Co. Ltd., Class A |
15,900 | 30,584 | ||||||
Poly Property Group Co. Ltd. |
200,431 | 35,747 | ||||||
Postal Savings Bank of China Co. Ltd., Class H @± |
571,000 | 336,796 | ||||||
Pou Sheng International Holdings Ltd. |
252,000 | 16,052 | ||||||
Power Construction Corp. of China Ltd. Class A |
56,900 | 55,927 | ||||||
Q Technology Group Co. Ltd. * |
31,000 | 12,993 | ||||||
Qingdao Hanhe Cable Co. Ltd., Class A |
35,800 | 19,588 | ||||||
Qingling Motors Co. Ltd., Class H |
84,000 | 10,915 | ||||||
Radiance Holdings Group Co. Ltd. |
37,000 | 16,026 | ||||||
Red Star Macalline Group Corp. Ltd., H Shares ± |
35,700 | 9,778 | ||||||
Redco Properties Group Ltd. *@± |
80,000 | 17,937 | ||||||
Renhe Pharmacy Co. Ltd., Class A |
19,700 | 15,474 | ||||||
RiseSun Real Estate Development Co. Ltd., Class A * |
35,400 | 11,731 | ||||||
Rongsheng Petrochemical Co. Ltd. Class A |
61,100 | 119,164 | ||||||
SAIC Motor Corp. Ltd., Class A |
29,700 | 59,893 | ||||||
Sailun Group Co. Ltd., Class A |
13,900 | 19,837 | ||||||
Sansteel Minguang Co. Ltd., Class A |
13,700 | 9,447 | ||||||
Sansure Biotech, Inc. Class A |
3,333 | 10,712 | ||||||
Sany Heavy Equipment International Holdings Co. Ltd. |
83,000 | 80,995 |
SHARES | VALUE | |||||||
Sany Heavy Industry Co. Ltd. Class A |
44,100 | $ | 86,319 | |||||
Satellite Chemical Co. Ltd., Class A |
12,162 | 36,480 | ||||||
Sealand Securities Co. Ltd., Class A |
24,800 | 11,296 | ||||||
Seazen Group Ltd. * |
188,571 | 44,202 | ||||||
Seazen Holdings Co. Ltd., Class A * |
13,800 | 34,017 | ||||||
SF Holding Co. Ltd. Class A |
14,100 | 93,891 | ||||||
Shaanxi Coal Industry Co. Ltd., Class A |
50,037 | 160,670 | ||||||
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A |
20,800 | 53,590 | ||||||
Shandong Buchang Pharmaceuticals Co. Ltd., Class A |
9,200 | 22,743 | ||||||
Shandong Chenming Paper Holdings Ltd., H Shares * |
35,250 | 9,745 | ||||||
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A |
2,700 | 8,795 | ||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A |
11,310 | 46,524 | ||||||
Shandong Humon Smelting Co. Ltd., Class A |
10,800 | 13,844 | ||||||
Shandong Linglong Tyre Co. Ltd., Class A |
7,700 | 19,763 | ||||||
Shandong Nanshan Aluminum Co. Ltd., Class A |
37,900 | 16,087 | ||||||
Shandong Sun Paper Industry JSC Ltd., Class A |
16,800 | 27,127 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares |
188,000 | 252,913 | ||||||
Shanghai AJ Group Co. Ltd., Class A |
16,900 | 12,655 | ||||||
Shanghai Electric Group Co. Ltd., H Shares * |
166,000 | 32,990 | ||||||
Shanghai Environment Group Co. Ltd., Class A |
11,600 | 14,559 | ||||||
Shanghai Industrial Holdings Ltd. |
45,000 | 48,728 | ||||||
Shanghai Industrial Urban Development Group Ltd. |
274,000 | 20,944 | ||||||
Shanghai International Port Group Co. Ltd., Class A |
48,600 | 38,106 | ||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class A |
1,300 | 10,569 | ||||||
Shanghai Lingang Holdings Corp. Ltd., Class A |
8,760 | 14,602 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A |
13,500 | 18,333 | ||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., Class A |
7,100 | 11,204 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H |
63,600 | 87,829 | ||||||
Shanghai Pudong Development Bank Co. Ltd., Class A |
118,900 | 118,042 | ||||||
Shanghai RAAS Blood Products Co. Ltd., Class A |
37,200 | 27,961 | ||||||
Shanghai Sinyang Semiconductor Materials Co. Ltd., Class A |
3,000 | 12,366 | ||||||
Shanghai Tunnel Engineering Co. Ltd., Class A |
25,600 | 17,798 | ||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A |
18,000 | 16,931 | ||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A |
7,800 | 11,429 | ||||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A |
37,900 | 80,063 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Shanxi Luan Environmental Energy Development Co. Ltd., Class A |
22,000 | $ | 52,369 | |||||
Shanxi Meijin Energy Co. Ltd., Class A |
31,400 | 42,553 | ||||||
Shanxi Securities Co. Ltd., Class A |
24,700 | 17,625 | ||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A |
34,300 | 21,621 | ||||||
Shanying International Holding Co. Ltd., Class A |
37,500 | 12,586 | ||||||
Shengyi Technology Co. Ltd. Class A |
18,346 | 33,892 | ||||||
Shenwan Hongyuan Group Co. Ltd., H Shares @± |
43,200 | 7,044 | ||||||
Shenzhen Agricultural Products Group Co. Ltd., Class A |
15,600 | 11,418 | ||||||
Shenzhen Airport Co. Ltd., Class A |
16,200 | 15,352 | ||||||
Shenzhen Aisidi Co. Ltd., Class A |
14,200 | 16,821 | ||||||
Shenzhen Huaqiang Industry Co. Ltd. Class A |
5,900 | 9,926 | ||||||
Shenzhen International Holdings Ltd. |
107,733 | 82,347 | ||||||
Shenzhen Investment Ltd. |
323,060 | 48,976 | ||||||
Shenzhen Jinjia Group Co. Ltd., Class A |
10,602 | 12,678 | ||||||
Shenzhen Kaifa Technology Co. Ltd. Class A |
5,900 | 8,736 | ||||||
Shenzhen Kinwong Electronic Co. Ltd., Class A |
2,300 | 6,266 | ||||||
Shenzhen MTC Co. Ltd., Class A * |
42,300 | 19,446 | ||||||
Shenzhen Neptunus Bioengineering Co. Ltd., Class A * |
28,200 | 12,845 | ||||||
Shenzhen Overseas Chinese Town Co. Ltd., Class A |
43,200 | 29,303 | ||||||
Shenzhen Sunway Communication Co. Ltd. Class A |
4,700 | 9,379 | ||||||
Shenzhen Tagen Group Co. Ltd., Class A |
25,000 | 18,756 | ||||||
Shenzhen World Union Group, Inc., Class A * |
33,300 | 13,430 | ||||||
Shenzhen Yan Tian Port Holding Co. Ltd. Class A <> |
28,200 | 20,281 | ||||||
Shenzhen YUTO Packaging Technology Co. Ltd. Class A |
4,900 | 20,799 | ||||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A |
31,900 | 18,534 | ||||||
Shimao Group Holdings Ltd. @§ |
131,000 | 55,323 | ||||||
Shoucheng Holdings Ltd. |
208,400 | 31,593 | ||||||
Shougang Fushan Resources Group Ltd. |
219,790 | 64,120 | ||||||
Shui On Land Ltd. |
280,000 | 28,536 | ||||||
Sichuan Hebang Biotechnology Co. Ltd., Class A |
84,300 | 38,279 | ||||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A |
12,500 | 38,851 | ||||||
Sichuan Road & Bridge Group Co. Ltd., Class A |
20,600 | 29,689 | ||||||
Sieyuan Electric Co. Ltd., Class A |
4,300 | 23,176 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. |
328,000 | 31,757 | ||||||
Sino-Ocean Group Holding Ltd. |
293,712 | 30,682 | ||||||
Sinofert Holdings Ltd. * |
244,000 | 27,354 | ||||||
Sinolink Securities Co. Ltd., Class A |
11,700 | 12,605 | ||||||
Sinoma International Engineering Co., Class A |
14,600 | 16,903 | ||||||
Sinoma Science & Technology Co. Ltd., Class A |
11,000 | 30,900 | ||||||
Sinopec Engineering Group Co. Ltd., H Shares |
111,000 | 44,543 | ||||||
Sinopec Kantons Holdings Ltd. |
90,000 | 24,880 |
SHARES | VALUE | |||||||
Sinopec Shanghai Petrochemical Co. Ltd., Class H |
248,000 | $ | 32,542 | |||||
Sinopharm Group Co. Ltd., H Shares |
140,400 | 281,528 | ||||||
Sinotrans Ltd., H Shares |
145,000 | 36,575 | ||||||
Sinotruk Hong Kong Ltd. |
67,000 | 56,078 | ||||||
Skyworth Group Ltd. |
156,114 | 62,647 | ||||||
SOHO China Ltd. * |
153,500 | 24,444 | ||||||
SooChow Securities Co. Ltd., Class A |
20,280 | 17,617 | ||||||
SSY Group Ltd. |
124,000 | 52,130 | ||||||
Sun Art Retail Group Ltd. |
122,500 | 26,218 | ||||||
Suning Universal Co. Ltd., Class A |
32,100 | 13,942 | ||||||
Sunward Intelligent Equipment Co. Ltd., Class A * |
10,800 | 9,108 | ||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A |
10,800 | 35,258 | ||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd., Class A * |
15,000 | 9,561 | ||||||
Tangshan Jidong Cement Co. Ltd., Class A |
10,000 | 11,789 | ||||||
TangShan Port Group Co. Ltd., Class A |
55,900 | 20,338 | ||||||
Tangshan Sanyou Chemical Industries Co. Ltd., Class A |
11,600 | 10,028 | ||||||
TBEA Co. Ltd., Class A |
21,000 | 64,174 | ||||||
TCL Electronics Holdings Ltd. |
99,667 | 34,917 | ||||||
TCL Technology Group Corp., Class A |
71,400 | 36,550 | ||||||
Tencent Music Entertainment Group, ADR * |
33,714 | 136,879 | ||||||
Tian Di Science & Technology Co. Ltd., Class A |
40,500 | 27,243 | ||||||
Tiande Chemical Holdings Ltd. |
36,000 | 10,640 | ||||||
Tiangong International Co. Ltd. |
100,000 | 27,008 | ||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A |
30,700 | 22,772 | ||||||
Tianjin Port Development Holdings Ltd. |
180,000 | 11,351 | ||||||
Tianneng Power International Ltd. @ |
74,000 | 64,670 | ||||||
Tianshan Aluminum Group Co. Ltd. Class A |
18,200 | 18,377 | ||||||
Tianshui Huatian Technology Co. Ltd., Class A |
10,300 | 11,765 | ||||||
Titan Wind Energy Suzhou Co. Ltd., Class A |
8,800 | 15,698 | ||||||
Tomson Group Ltd. |
24,000 | 4,586 | ||||||
Tong Ren Tang Technologies Co. Ltd., Class H |
41,000 | 23,922 | ||||||
Tongda Group Holdings Ltd. * |
510,000 | 6,172 | ||||||
TongFu Microelectronics Co. Ltd., Class A * |
10,100 | 21,478 | ||||||
Tongkun Group Co. Ltd., Class A |
11,100 | 21,132 | ||||||
Tongling Nonferrous Metals Group Co. Ltd., Class A |
49,000 | 18,035 | ||||||
Tongyu Heavy Industry Co. Ltd., Class A |
40,800 | 14,269 | ||||||
Topsec Technologies Group, Inc., Class A |
7,000 | 9,082 | ||||||
Transfar Zhilian Co. Ltd., Class A |
27,553 | 20,554 | ||||||
TravelSky Technology Ltd., H Shares |
8,000 | 12,250 | ||||||
Trip.com Group Ltd., ADR * |
28,782 | 786,036 | ||||||
Truly International Holdings Ltd. |
120,000 | 18,651 | ||||||
Tus Environmental Science And Technology Development Co. Ltd., Class A * |
23,000 | 10,541 | ||||||
Uni-President China Holdings Ltd. |
92,000 | 77,237 | ||||||
Unisplendour Corp. Ltd., Class A |
13,940 | 31,178 | ||||||
United Energy Group Ltd. |
692,000 | 79,341 | ||||||
Universal Scientific Industrial Shanghai Co. Ltd., Class A |
10,000 | 21,266 | ||||||
Untrade Hua Han Health @§* |
504,000 | | ||||||
Untrade Huiyuan Juice § |
84,500 | |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Victory Giant Technology Huizhou Co. Ltd. Class A |
9,400 | $ | 17,736 | |||||
Vinda International Holdings Ltd. |
26,000 | 61,210 | ||||||
Vipshop Holdings Ltd., ADR * |
32,940 | 277,025 | ||||||
Viva Biotech Holdings *@± |
27,000 | 4,575 | ||||||
Wangsu Science & Technology Co. Ltd., Class A |
20,900 | 13,381 | ||||||
Wanxiang Qianchao Co. Ltd., Class A |
42,900 | 29,765 | ||||||
Wasion Holdings Ltd. |
48,000 | 12,169 | ||||||
Weibo Corp., ADR * |
3,388 | 57,935 | ||||||
Weichai Power Co. Ltd., H Shares |
151,000 | 143,312 | ||||||
Weifu High-Technology Group Co. Ltd., Class A |
5,600 | 13,623 | ||||||
Wellhope Foods Co. Ltd., Class A * |
7,700 | 10,153 | ||||||
West China Cement Ltd. |
198,000 | 20,179 | ||||||
Western Securities Co. Ltd. Class A |
22,600 | 18,580 | ||||||
Wharf Holdings Ltd. (The) |
70,000 | 224,278 | ||||||
Wingtech Technology Co. Ltd., Class A |
3,900 | 26,217 | ||||||
Wolong Electric Group Co. Ltd., Class A |
11,600 | 18,976 | ||||||
Wuchan Zhongda Group Co. Ltd., Class A |
29,100 | 16,907 | ||||||
Wuhu Token Science Co. Ltd., Class A |
16,000 | 13,560 | ||||||
Wushang Group Co. Ltd. Class A |
12,600 | 18,266 | ||||||
Wuxi Taiji Industry Co. Ltd., Class A |
14,900 | 12,040 | ||||||
XCMG Construction Machinery Co. Ltd., Class A * |
47,400 | 29,946 | ||||||
Xiabuxiabu Catering Management China Holdings Co. Ltd. ±@ |
28,000 | 18,477 | ||||||
Xiamen C & D, Inc., Class A |
17,600 | 34,375 | ||||||
Xiamen Comfort Science & Technology Group Co. Ltd., Class A |
8,700 | 9,386 | ||||||
Xiamen Intretech, Inc. Class A |
7,479 | 19,754 | ||||||
Xiamen ITG Group Corp. Ltd., Class A |
17,300 | 15,565 | ||||||
Xiamen Tungsten Co. Ltd., Class A |
7,300 | 23,296 | ||||||
Xiamen Xiangyu Co. Ltd., Class A |
22,200 | 26,110 | ||||||
Xiaomi Corp., Class A *± |
627,800 | 716,604 | ||||||
Xinfengming Group Co. Ltd., Class A |
4,000 | 5,077 | ||||||
Xingda International Holdings Ltd. |
95,633 | 18,884 | ||||||
Xinhu Zhongbao Co. Ltd., Class A * |
44,900 | 15,513 | ||||||
Xinhua Winshare Publishing and Media Co. Ltd., Class H |
36,000 | 22,885 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., H Shares |
47,800 | 55,475 | ||||||
Xinjiang Tianshan Cement Co. Ltd., Class A |
4,500 | 5,642 | ||||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A |
14,500 | 13,639 | ||||||
Xinte Energy Co. Ltd., Class H |
18,000 | 38,249 | ||||||
Xinxing Ductile Iron Pipes Co. Ltd., Class A |
18,100 | 9,138 | ||||||
Xinyangfeng Agricultural Technology Co. Ltd., Class A |
6,900 | 12,630 | ||||||
Xinyu Iron & Steel Co. Ltd., Class A |
27,300 | 14,822 | ||||||
Xuji Electric Co. Ltd., Class A |
9,300 | 21,836 | ||||||
YaGuang Technology Group Co. Ltd., Class A * |
8,000 | 5,991 | ||||||
Yankuang Energy Group Co. Ltd., Class A @ |
38,000 | 138,210 | ||||||
Yantai Changyu Pioneer Wine Co. Ltd., Class A |
3,700 | 15,497 | ||||||
Yantai Jereh Oilfield Services Group Co. Ltd., Class A |
7,300 | 33,591 |
SHARES | VALUE | |||||||
YiChang HEC ChangJiang Pharmaceutical Co. Ltd., H Shares *± |
25,600 | $ | 13,697 | |||||
Yifan Pharmaceutical Co. Ltd., Class A * |
7,200 | 10,620 | ||||||
Yintai Gold Co. Ltd., Class A |
31,600 | 57,307 | ||||||
Yixintang Pharmaceutical Group Co. Ltd., Class A |
2,800 | 9,548 | ||||||
Youngor Group Co. Ltd., Class A |
11,500 | 10,249 | ||||||
Youzu Interactive Co. Ltd., Class A * |
8,100 | 8,544 | ||||||
YTO Express Group Co. Ltd. Class A |
21,200 | 62,035 | ||||||
Yunda Holding Co. Ltd., Class A |
16,500 | 36,415 | ||||||
Yunnan Aluminium Co. Ltd., Class A |
18,200 | 23,638 | ||||||
Yunnan Baiyao Group Co. Ltd., Class A |
5,460 | 40,308 | ||||||
Yunnan Copper Co. Ltd., Class A |
8,100 | 11,228 | ||||||
Yunnan Tin Co. Ltd., Class A |
14,600 | 25,366 | ||||||
Yutong Bus Co. Ltd., Class A |
13,300 | 13,148 | ||||||
Zhaojin Mining Industry Co. Ltd., Class H * |
120,000 | 81,940 | ||||||
Zhefu Holding Group Co. Ltd., Class A |
16,400 | 9,043 | ||||||
Zhejiang Century Huatong Group Co. Ltd., Class A * |
39,280 | 20,661 | ||||||
Zhejiang China Commodities City Group Co. Ltd. Class A |
30,700 | 19,309 | ||||||
Zhejiang Chint Electrics Co. Ltd., Class A |
13,100 | 49,472 | ||||||
Zhejiang Crystal-Optech Co. Ltd., Class A |
12,400 | 18,658 | ||||||
Zhejiang Dahua Technology Co. Ltd., Class A |
19,700 | 35,698 | ||||||
Zhejiang Hailiang Co. Ltd., Class A |
19,700 | 32,198 | ||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A |
12,700 | 12,161 | ||||||
Zhejiang Jiahua Energy Chemical Industry Co. Ltd. Class A |
9,000 | 11,588 | ||||||
Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A |
4,400 | 10,052 | ||||||
Zhejiang Juhua Co. Ltd., Class A |
7,900 | 15,474 | ||||||
Zhejiang Longsheng Group Co. Ltd., Class A |
19,300 | 24,522 | ||||||
Zhejiang Medicine Co. Ltd., Class A |
10,400 | 19,873 | ||||||
Zhejiang Narada Power Source Co. Ltd., Class A * |
9,800 | 27,405 | ||||||
Zhejiang NHU Co. Ltd., Class A |
12,240 | 38,302 | ||||||
Zhejiang Orient Financial Holdings Group Co. Ltd., Class A |
17,420 | 8,844 | ||||||
Zhejiang Semir Garment Co. Ltd., Class A |
21,700 | 14,627 | ||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A * |
24,800 | 18,571 | ||||||
Zhejiang Wanliyang Co. Ltd., Class A * |
11,400 | 12,748 | ||||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A |
14,980 | 33,419 | ||||||
Zhejiang Yasha Decoration Co. Ltd., Class A |
16,000 | 9,883 | ||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., H Shares |
21,400 | 21,401 | ||||||
Zhongji Innolight Co. Ltd., Class A |
3,700 | 13,608 | ||||||
Zhongjin Gold Corp. Ltd., Class A |
32,000 | 33,348 | ||||||
Zhongshan Broad Ocean Motor Co. Ltd., Class A |
22,200 | 16,561 | ||||||
Zhongtian Financial Group Co. Ltd., Class A * |
38,300 | 7,616 | ||||||
Zhou Hei Ya International Holdings Co. Ltd. *± |
57,000 | 27,811 | ||||||
Zhuhai Huafa Properties Co. Ltd., Class A |
11,600 | 16,113 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class H |
29,300 | $ | 123,177 | |||||
Zhuzhou Kibing Group Co. Ltd., Class A |
10,500 | 14,289 | ||||||
Zibo Qixiang Tengda Chemical Co. Ltd., Class A * |
22,120 | 21,399 | ||||||
Zoomlion Heavy Industry Science & Technology Co. Ltd., H Shares |
85,800 | 29,840 | ||||||
ZTE Corp., H Shares |
55,800 | 100,089 | ||||||
|
|
|||||||
50,065,378 | ||||||||
|
|
|||||||
Colombia 0.1% |
| |||||||
Bancolombia SA |
2,584 | 17,432 | ||||||
Bancolombia SA, ADR |
1,030 | 25,101 | ||||||
Cementos Argos SA |
31,937 | 23,416 | ||||||
CEMEX Latam Holdings SA * |
13,000 | 8,460 | ||||||
Corp. Financiera Colombiana SA * |
2,308 | 8,361 | ||||||
Grupo Argos SA |
29,921 | 63,671 | ||||||
Grupo de Inversiones Suramericana SA |
1,288 | 10,477 | ||||||
|
|
|||||||
156,918 | ||||||||
|
|
|||||||
Czech Republic 0.1% |
| |||||||
CEZ, AS |
1,287 | 44,102 | ||||||
Komercni Banka, A/S |
5,768 | 144,564 | ||||||
Moneta Money Bank AS ± |
11,381 | 32,016 | ||||||
|
|
|||||||
220,682 | ||||||||
|
|
|||||||
Greece 0.3% |
| |||||||
Alpha Services & Holdings SA * |
127,150 | 100,438 | ||||||
Autohellas Tourist and Trading SA |
1,184 | 11,407 | ||||||
Bank of Greece |
859 | 13,217 | ||||||
Eurobank Ergasias Services & Holdings SA Class A * |
150,057 | 125,886 | ||||||
Fourlis Holdings SA |
3,046 | 7,463 | ||||||
Hellenic Petroleum Holdings SA |
5,260 | 32,271 | ||||||
LAMDA Development SA * |
4,332 | 23,287 | ||||||
Motor Oil Hellas Corinth Refineries SA |
2,176 | 34,420 | ||||||
National Bank of Greece SA * |
44,182 | 131,028 | ||||||
Piraeus Financial Holdings SA * |
10,411 | 10,581 | ||||||
|
|
|||||||
489,998 | ||||||||
|
|
|||||||
Hong Kong 0.2% |
| |||||||
Alibaba Pictures Group Ltd. * |
180,000 | 9,287 | ||||||
BOC Aviation Ltd. ± |
7,200 | 51,136 | ||||||
Jinmao Property Services Co. Ltd. *@ |
6,646 | 3,192 | ||||||
Untrade CTEG @§ |
98,000 | | ||||||
Untrade.Lumena New Materials § |
5,599 | | ||||||
Vnet Group, Inc., ADR * |
9,629 | 52,960 | ||||||
Yuexiu Property Co. Ltd. |
135,006 | 163,046 | ||||||
|
|
|||||||
279,621 | ||||||||
|
|
|||||||
Hungary 0.2% |
| |||||||
MOL Hungarian Oil & Gas PLC |
44,543 | 248,274 | ||||||
Opus Global Nyrt * |
14,974 | 4,489 | ||||||
OTP Bank Nyrt |
1,858 | 34,038 | ||||||
|
|
|||||||
286,801 | ||||||||
|
|
|||||||
India 18.7% |
| |||||||
ACC Ltd. |
6,555 | 194,979 | ||||||
Adani Enterprises Ltd. |
1,614 | 68,249 | ||||||
Adani Transmission Ltd. * |
664 | 26,878 | ||||||
Aditya Birla Capital Ltd. * |
44,000 | 60,415 | ||||||
Advanced Enzyme Technologies Ltd. |
3,035 | 10,060 | ||||||
Alembic Pharmaceuticals Ltd. |
5,197 | 38,522 | ||||||
Allcargo Logistics Ltd. |
4,985 | 25,222 | ||||||
Amara Raja Batteries Ltd. |
6,020 | 36,408 | ||||||
Ambuja Cements Ltd. |
46,643 | 295,736 |
SHARES | VALUE | |||||||
Apar Industries Ltd. |
1,462 | $ | 23,273 | |||||
Apollo Tyres Ltd. |
31,532 | 108,316 | ||||||
Arvind Ltd. * |
13,452 | 15,775 | ||||||
Aster DM Healthcare Ltd. *± |
9,764 | 30,126 | ||||||
Aurobindo Pharma Ltd. |
25,561 | 160,182 | ||||||
Axis Bank Ltd. |
133,355 | 1,206,488 | ||||||
Axis Bank Ltd., GDR |
12,180 | 548,100 | ||||||
Bajaj Holdings & Investment Ltd. |
3,057 | 244,293 | ||||||
Balrampur Chini Mills Ltd. |
14,783 | 63,329 | ||||||
Bandhan Bank Ltd. ±* |
42,966 | 140,568 | ||||||
Bank of Baroda |
84,475 | 137,847 | ||||||
Bank of India |
26,524 | 15,715 | ||||||
Bharat Electronics Ltd. |
265,086 | 329,764 | ||||||
Bharat Heavy Electricals Ltd. * |
96,730 | 71,342 | ||||||
Birla Corp. Ltd. |
3,237 | 38,000 | ||||||
Birlasoft Ltd. |
1,959 | 6,814 | ||||||
Bombay Burmah Trading Co. |
684 | 7,715 | ||||||
Camlin Fine Sciences Ltd. * |
4,352 | 6,310 | ||||||
Can Fin Homes Ltd. |
2,104 | 12,463 | ||||||
Canara Bank |
32,882 | 92,804 | ||||||
Ceat Ltd. |
3,536 | 68,328 | ||||||
Central Bank of India Ltd. * |
45,284 | 11,161 | ||||||
Century Textiles & Industries Ltd. |
3,788 | 37,805 | ||||||
Chambal Fertilizers and Chemicals Ltd. |
14,403 | 56,566 | ||||||
Cholamandalam Financial Holdings Ltd. |
8,070 | 64,480 | ||||||
Cipla Ltd. |
32,099 | 437,976 | ||||||
City Union Bank Ltd. |
30,829 | 65,826 | ||||||
Cochin Shipyard Ltd. ± |
3,997 | 21,596 | ||||||
Container Corp. Of India Ltd. |
7,508 | 65,877 | ||||||
Cosmo First Ltd. |
1,243 | 13,369 | ||||||
CreditAccess Grameen Ltd. * |
1,344 | 16,361 | ||||||
CSB Bank Ltd. * |
3,753 | 10,221 | ||||||
Cyient Ltd. |
6,750 | 65,881 | ||||||
Dalmia Bharat Ltd. |
5,315 | 104,534 | ||||||
DCB Bank Ltd. |
19,962 | 25,213 | ||||||
DCM Shriram Ltd. |
2,904 | 36,111 | ||||||
Deepak Fertilisers & Petrochemicals Corp. Ltd. |
4,535 | 48,909 | ||||||
Dhampur Bio Organics Ltd. * |
2,664 | 4,928 | ||||||
Dhampur Sugar Mills Ltd. |
2,664 | 7,041 | ||||||
Dilip Buildcon Ltd. ± |
2,860 | 7,731 | ||||||
DLF Ltd. |
37,826 | 165,995 | ||||||
eClerx Services Ltd. |
1,015 | 17,769 | ||||||
eClerx Services Ltd. <> |
508 | 8,888 | ||||||
Edelweiss Financial Services Ltd. |
37,825 | 28,595 | ||||||
EID Parry India Ltd. |
7,288 | 53,479 | ||||||
Electrosteel Castings Ltd. |
23,821 | 10,688 | ||||||
Engineers India Ltd. |
18,093 | 14,256 | ||||||
EPL Ltd. |
5,342 | 11,518 | ||||||
Equitas Small Finance Bank Ltd. *± |
16,074 | 9,790 | ||||||
Exide Industries Ltd. |
26,178 | 50,424 | ||||||
FDC Ltd. * |
3,013 | 9,680 | ||||||
Federal Bank Ltd. |
161,831 | 237,421 | ||||||
Finolex Cables Ltd. |
3,726 | 21,527 | ||||||
Finolex Industries Ltd. |
15,431 | 25,949 | ||||||
Firstsource Solutions Ltd. |
20,730 | 26,629 | ||||||
Fortis Healthcare Ltd. * |
26,126 | 85,025 | ||||||
GAIL India Ltd. |
260,433 | 278,997 | ||||||
Gateway Distriparks Ltd. |
25,136 | 20,872 | ||||||
General Insurance Corp. of India ± |
7,543 | 11,433 | ||||||
GHCL Ltd. |
5,527 | 44,025 | ||||||
Glenmark Pharmaceuticals Ltd. |
12,966 | 62,088 | ||||||
Godawari Power and Ispat Ltd. |
2,480 | 8,493 | ||||||
Godfrey Phillips India Ltd. |
794 | 11,214 | ||||||
Godrej Industries Ltd. * |
1,769 | 9,545 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
India (Continued) |
| |||||||
Granules India Ltd. |
17,305 | $ | 73,665 | |||||
Grasim Industries Ltd. |
22,682 | 467,030 | ||||||
Great Eastern Shipping Co. Ltd. (The) |
8,516 | 55,795 | ||||||
Gujarat Alkalies & Chemicals Ltd. |
2,551 | 26,516 | ||||||
Gujarat Ambuja Exports Ltd. |
4,383 | 15,107 | ||||||
Gujarat Fluorochemicals Ltd. |
3,596 | 174,559 | ||||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. |
8,633 | 68,060 | ||||||
Gujarat Pipavav Port Ltd. |
19,498 | 20,864 | ||||||
Gujarat State Fertilizers & Chemicals Ltd. |
11,602 | 18,668 | ||||||
Gujarat State Petronet Ltd. |
23,082 | 65,670 | ||||||
HDFC Bank Ltd. |
3,566 | 61,851 | ||||||
Hero MotoCorp Ltd. |
9,748 | 305,580 | ||||||
HIL Ltd. |
469 | 16,275 | ||||||
Himadri Speciality Chemical Ltd. |
10,592 | 12,955 | ||||||
Hindalco Industries Ltd. |
170,691 | 822,284 | ||||||
Hinduja Global Solutions Ltd. |
1,226 | 19,109 | ||||||
Hindustan Aeronautics Ltd. |
2,011 | 58,215 | ||||||
Housing Development Finance Corp. Ltd. |
60,093 | 1,690,556 | ||||||
ICICI Bank Ltd. |
5,036 | 53,659 | ||||||
ICICI Bank Ltd., ADR |
89,109 | 1,868,616 | ||||||
IDFC First Bank Ltd. * |
140,953 | 86,632 | ||||||
IDFC Ltd. |
76,058 | 62,313 | ||||||
IIFL Finance Ltd. |
5,565 | 24,096 | ||||||
IIFL Securities Ltd. |
25,376 | 20,681 | ||||||
IIFL Wealth Management Ltd. |
665 | 15,082 | ||||||
India Cements Ltd. (The) |
18,543 | 61,611 | ||||||
India Glycols Ltd. |
934 | 9,617 | ||||||
Indiabulls Housing Finance Ltd. * |
31,451 | 45,929 | ||||||
Indian Bank |
12,211 | 29,420 | ||||||
Indian Overseas Bank * |
76,991 | 16,515 | ||||||
Indian Railway Finance Corp. Ltd. ± |
47,733 | 12,468 | ||||||
Indus Towers Ltd. |
55,203 | 134,019 | ||||||
IndusInd Bank Ltd. |
28,574 | 417,276 | ||||||
Infibeam Avenues Ltd. |
77,058 | 14,019 | ||||||
Info Edge India Ltd. |
2,462 | 116,909 | ||||||
IRCON International Ltd. ± |
18,858 | 9,133 | ||||||
Jindal Poly Films Ltd. |
769 | 8,521 | ||||||
Jindal Saw Ltd. |
14,261 | 14,419 | ||||||
Jindal Stainless Hisar Ltd. * |
10,916 | 32,875 | ||||||
Jindal Stainless Ltd. * |
17,881 | 27,662 | ||||||
Jindal Steel & Power Ltd. |
46,366 | 243,938 | ||||||
JK Lakshmi Cement Ltd. |
4,751 | 34,141 | ||||||
JK Paper Ltd. |
10,798 | 50,027 | ||||||
JK Tyre & Industries Ltd. |
10,161 | 20,721 | ||||||
JM Financial Ltd. |
40,467 | 37,357 | ||||||
JSW Energy Ltd. |
43,852 | 161,336 | ||||||
JSW Steel Ltd. |
89,380 | 692,890 | ||||||
Jubilant Pharmova Ltd. |
9,690 | 40,177 | ||||||
Kalpataru Power Transmission Ltd. |
5,415 | 27,770 | ||||||
Karnataka Bank Ltd. (The) |
41,191 | 39,722 | ||||||
Karur Vysya Bank Ltd. (The) |
36,209 | 36,164 | ||||||
Kaveri Seed Co. Ltd. |
2,043 | 10,887 | ||||||
KEC International Ltd. |
9,194 | 50,857 | ||||||
KEI Industries Ltd. |
1,528 | 27,141 | ||||||
KNR Constructions Ltd. |
3,786 | 10,676 | ||||||
KPR Mill Ltd. |
6,160 | 40,651 | ||||||
KRBL Ltd. |
2,340 | 10,542 | ||||||
L&T Finance Holdings Ltd. |
78,972 | 72,758 |
SHARES | VALUE | |||||||
Larsen & Toubro Ltd. |
18,683 | $ | 423,949 | |||||
Larsen & Toubro Ltd., GDR |
33,502 | 763,846 | ||||||
LG Balakrishnan & Bros Ltd. |
1,438 | 13,628 | ||||||
LIC Housing Finance Ltd. |
24,147 | 122,811 | ||||||
LT Foods Ltd. |
16,533 | 23,473 | ||||||
Lupin Ltd. |
22,898 | 191,020 | ||||||
Maharashtra Seamless Ltd. |
1,558 | 14,880 | ||||||
Mahindra & Mahindra Financial Services Ltd. |
54,856 | 124,950 | ||||||
Mahindra & Mahindra Ltd. |
65,830 | 1,026,074 | ||||||
Mahindra & Mahindra Ltd., GDR |
4,830 | 75,348 | ||||||
Mahindra CIE Automotive Ltd. |
6,907 | 23,263 | ||||||
Manappuram Finance Ltd. |
34,315 | 41,127 | ||||||
Meghmani Organics Ltd. |
7,232 | 10,659 | ||||||
MOIL Ltd. |
5,661 | 10,334 | ||||||
Motilal Oswal Financial Services Ltd. |
1,768 | 15,691 | ||||||
Mphasis Ltd. |
1,211 | 31,083 | ||||||
MRF Ltd. |
175 | 175,976 | ||||||
Muthoot Finance Ltd. |
4,096 | 52,457 | ||||||
Natco Pharma Ltd. |
1,319 | 9,826 | ||||||
National Aluminium Co. Ltd. |
68,435 | 60,232 | ||||||
Nava Ltd. |
6,116 | 14,010 | ||||||
NCC Ltd. |
30,074 | 26,562 | ||||||
NESCO Ltd. |
965 | 6,732 | ||||||
NIIT Ltd. |
2,427 | 9,383 | ||||||
Nilkamal Ltd. |
322 | 8,153 | ||||||
NMDC Ltd. |
47,585 | 74,608 | ||||||
NOCIL Ltd. |
7,374 | 22,915 | ||||||
Oberoi Realty Ltd. |
9,011 | 101,246 | ||||||
Orient Cement Ltd. |
6,133 | 9,778 | ||||||
PCBL Ltd. |
11,386 | 18,013 | ||||||
Persistent Systems Ltd. |
755 | 30,125 | ||||||
Petronet LNG Ltd. |
67,706 | 166,453 | ||||||
Phoenix Mills Ltd. (The) |
4,600 | 79,163 | ||||||
Piramal Enterprises Ltd. |
6,545 | 69,649 | ||||||
Piramal Pharma Ltd. *<> |
26,180 | 70,111 | ||||||
PNB Housing Finance Ltd. *± |
4,224 | 20,356 | ||||||
PNC Infratech Ltd. |
4,201 | 13,731 | ||||||
Polyplex Corp. Ltd. |
1,545 | 37,678 | ||||||
Power Finance Corp. Ltd. |
97,509 | 125,435 | ||||||
Prestige Estates Projects Ltd. |
14,610 | 80,735 | ||||||
PTC India Ltd. |
17,788 | 16,793 | ||||||
Punjab National Bank |
115,447 | 51,940 | ||||||
Quess Corp. Ltd. ± |
2,433 | 19,171 | ||||||
Rain Industries Ltd. |
17,328 | 35,039 | ||||||
Rajesh Exports Ltd. |
7,411 | 52,746 | ||||||
Rallis India Ltd. |
3,389 | 8,765 | ||||||
Ramco Cements Ltd. (The) |
8,242 | 76,340 | ||||||
Rashtriya Chemicals & Fertilizers Ltd. |
16,695 | 19,260 | ||||||
Raymond Ltd. |
3,276 | 41,236 | ||||||
RBL Bank Ltd. *± |
6,669 | 9,341 | ||||||
REC Ltd. |
124,810 | 144,216 | ||||||
Redington Ltd. |
57,900 | 99,428 | ||||||
Reliance Industries Ltd. |
206,554 | 6,033,138 | ||||||
Reliance Power Ltd. * |
223,846 | 45,126 | ||||||
RITES Ltd. |
2,755 | 11,020 | ||||||
Shilpa Medicare Ltd. |
2,237 | 10,528 | ||||||
Shipping Corp. of India Ltd. |
14,166 | 19,921 | ||||||
Shriram City Union Finance Ltd. |
2,635 | 56,521 | ||||||
Shriram Transport Finance Co. Ltd. |
16,232 | 237,839 | ||||||
Sobha Ltd. |
6,105 | 48,479 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
India (Continued) |
| |||||||
Star Cement Ltd. * |
7,280 | $ | 9,410 | |||||
State Bank of India |
69,305 | 452,840 | ||||||
State Bank of India, GDR |
7,560 | 492,156 | ||||||
Steel Authority of India Ltd. |
89,762 | 84,906 | ||||||
Strides Pharma Science Ltd. |
5,470 | 22,189 | ||||||
Sun Pharmaceutical Industries Ltd. |
38,050 | 443,824 | ||||||
Sun TV Network Ltd. |
5,489 | 34,445 | ||||||
Sundaram Finance Ltd. |
1,330 | 36,996 | ||||||
Sundaram-Clayton Ltd. |
221 | 12,496 | ||||||
Sunteck Realty Ltd. |
5,951 | 30,607 | ||||||
Surya Roshni Ltd. |
773 | 4,360 | ||||||
Tata Chemicals Ltd. |
13,719 | 185,697 | ||||||
Tata Coffee Ltd. |
1,997 | 5,521 | ||||||
Tata Consumer Products Ltd. |
32,805 | 324,174 | ||||||
Tata Motors Ltd. * |
156,759 | 780,989 | ||||||
Tata Motors Ltd., ADR *@ |
2,406 | 58,370 | ||||||
Tata Steel Ltd. |
430,140 | 526,629 | ||||||
Tata Steel Ltd., GDR |
6,923 | 85,845 | ||||||
Techno Electric & Engineering Co. Ltd. |
2,836 | 9,271 | ||||||
Thirumalai Chemicals Ltd. |
4,154 | 10,953 | ||||||
Tube Investments of India Ltd. |
2,032 | 67,716 | ||||||
TV18 Broadcast Ltd. * |
55,772 | 25,915 | ||||||
Uflex Ltd. |
3,166 | 28,369 | ||||||
Union Bank of India Ltd. |
36,541 | 20,101 | ||||||
UPL Ltd. |
40,601 | 335,982 | ||||||
Usha Martin Ltd. |
14,837 | 22,214 | ||||||
VA Tech Wabag Ltd. * |
2,558 | 8,031 | ||||||
Vardhman Textiles Ltd. |
8,165 | 33,799 | ||||||
Varroc Engineering Ltd. *± |
3,632 | 14,733 | ||||||
Vedanta Ltd. |
58,464 | 194,470 | ||||||
Venkys India Ltd. |
673 | 16,289 | ||||||
Voltamp Transformers Ltd. |
408 | 13,117 | ||||||
Welspun Corp. Ltd. |
11,246 | 36,634 | ||||||
Welspun India Ltd. |
31,063 | 28,160 | ||||||
West Coast Paper Mills Ltd. |
3,247 | 19,877 | ||||||
Wipro Ltd. |
42,908 | 208,181 | ||||||
Wockhardt Ltd. * |
5,344 | 15,963 | ||||||
Yes Bank Ltd. * |
193,770 | 37,396 | ||||||
Zee Entertainment Enterprises Ltd. |
70,032 | 223,049 | ||||||
Zensar Technologies Ltd. |
5,610 | 14,654 | ||||||
Zydus Lifesciences Ltd. |
13,699 | 65,193 | ||||||
Zydus Wellness Ltd. |
1,266 | 25,259 | ||||||
|
|
|||||||
31,370,983 | ||||||||
|
|
|||||||
Indonesia 2.5% |
| |||||||
Adaro Energy Indonesia Tbk PT |
1,844,400 | 479,647 | ||||||
Aneka Tambang Tbk |
600,600 | 76,517 | ||||||
Astra Agro Lestari Tbk PT |
61,744 | 33,452 | ||||||
Astra International Tbk PT |
1,370,000 | 596,043 | ||||||
Astra Otoparts Tbk PT |
19,600 | 1,603 | ||||||
Bank Mandiri Persero Tbk PT |
710,600 | 439,823 | ||||||
Bank Maybank Indonesia Tbk PT |
568,800 | 9,562 | ||||||
Bank Negara Indonesia Persero Tbk PT |
499,366 | 294,323 | ||||||
Bank Pan Indonesia Tbk PT |
626,700 | 87,662 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT |
173,300 | 15,421 | ||||||
Bank Pembangunan Daerah Jawa Timur Tbk PT |
403,000 | 18,790 | ||||||
Bank Tabungan Negara Persero Tbk PT |
405,590 | 39,554 | ||||||
BISI International Tbk PT |
94,000 | 7,655 | ||||||
Buana Lintas Lautan Tbk PT * |
1,041,300 | 10,736 | ||||||
Bukit Asam Tbk PT |
339,600 | 92,998 | ||||||
Bumi Serpong Damai Tbk PT * |
435,700 | 25,895 |
SHARES | VALUE | |||||||
Ciputra Development Tbk PT |
924,577 | $ | 57,682 | |||||
Delta Dunia Makmur Tbk PT * |
589,400 | 14,554 | ||||||
Erajaya Swasembada Tbk PT |
1,042,500 | 28,343 | ||||||
Gudang Garam Tbk PT |
38,200 | 57,510 | ||||||
Hanson International Tbk PT *§ |
5,335,700 | | ||||||
Indah Kiat Pulp & Paper Tbk PT |
294,700 | 175,146 | ||||||
Indika Energy Tbk PT |
180,500 | 35,561 | ||||||
Indo Tambangraya Megah Tbk PT |
52,800 | 143,638 | ||||||
Indocement Tunggal Prakarsa Tbk PT |
78,800 | 49,161 | ||||||
Indofood Sukses Makmur Tbk PT |
407,500 | 161,234 | ||||||
Japfa Comfeed Indonesia Tbk PT |
567,600 | 56,471 | ||||||
Lippo Karawaci Tbk PT * |
72 | | ||||||
Medco Energi Internasional Tbk PT |
1,248,052 | 74,994 | ||||||
Media Nusantara Citra Tbk PT |
629,000 | 34,285 | ||||||
MNC Vision Networks Tbk PT * |
1,301,600 | 7,266 | ||||||
Pabrik Kertas Tjiwi Kimia Tbk PT |
133,200 | 64,512 | ||||||
Panin Financial Tbk PT |
1,598,900 | 51,450 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT |
296,500 | 21,029 | ||||||
PP Persero Tbk PT * |
442,900 | 25,741 | ||||||
Ramayana Lestari Sentosa Tbk PT |
70,400 | 2,566 | ||||||
Samudera Indonesia Tbk PT |
134,100 | 19,726 | ||||||
Sawit Sumbermas Sarana Tbk PT |
240,200 | 20,427 | ||||||
Semen Indonesia Persero Tbk PT |
243,400 | 119,482 | ||||||
Sri Rejeki Isman Tbk PT *§ |
996,900 | | ||||||
Summarecon Agung Tbk PT |
932,100 | 36,421 | ||||||
Surya Semesta Internusa Tbk PT * |
393,100 | 9,190 | ||||||
Timah Tbk PT |
281,100 | 24,644 | ||||||
Tunas Baru Lampung Tbk PT |
317,700 | 15,439 | ||||||
United Tractors Tbk PT |
182,800 | 394,051 | ||||||
Vale Indonesia Tbk PT * |
184,400 | 77,502 | ||||||
Waskita Karya Persero Tbk PT * |
861,673 | 28,576 | ||||||
Wijaya Karya Persero Tbk PT * |
459,200 | 27,894 | ||||||
XL Axiata Tbk PT |
426,800 | 68,949 | ||||||
|
|
|||||||
4,133,125 | ||||||||
|
|
|||||||
Korea 11.3% |
| |||||||
AMOREPACIFIC Group |
612 | 11,485 | ||||||
Asia Paper Manufacturing Co. Ltd. |
567 | 12,959 | ||||||
Binggrae Co. Ltd. |
417 | 11,498 | ||||||
BNK Financial Group, Inc. |
20,319 | 85,497 | ||||||
Chongkundang Holdings Corp. |
196 | 6,905 | ||||||
CJ CheilJedang Corp. |
860 | 247,054 | ||||||
CJ Corp. |
1,381 | 67,086 | ||||||
CJ ENM Co. Ltd. |
531 | 28,244 | ||||||
CJ Logistics Corp. * |
649 | 41,008 | ||||||
Com2uSCorp |
128 | 6,916 | ||||||
Cuckoo Homesys Co. Ltd. |
408 | 8,013 | ||||||
Dae Han Flour Mills Co. Ltd. |
157 | 13,991 | ||||||
Daesang Corp. |
2,426 | 36,542 | ||||||
Daewoo Engineering & Construction Co. Ltd. * |
18,960 | 54,599 | ||||||
Daihan Pharmaceutical Co. Ltd. |
296 | 5,338 | ||||||
Daishin Securities Co. Ltd. |
3,671 | 35,281 | ||||||
Daou Technology, Inc. |
2,149 | 25,535 | ||||||
DB Insurance Co. Ltd. |
5,076 | 195,845 | ||||||
DGB Financial Group, Inc. |
20,001 | 97,440 | ||||||
DI Dong Il Corp. |
1,469 | 14,169 | ||||||
DL E&C Co. Ltd. |
3,846 | 92,205 | ||||||
DL Holdings Co. Ltd. |
1,534 | 61,437 | ||||||
DN Automotive Corp. |
17 | 732 | ||||||
Dong-A ST Co. Ltd. |
233 | 8,110 | ||||||
Dongkuk Steel Mill Co. Ltd. |
6,894 | 52,041 | ||||||
Dongwha Pharm Co. Ltd. |
736 | 4,249 | ||||||
Dongwon F&B Co. Ltd. |
128 | 12,883 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Korea (Continued) |
| |||||||
Dongwon Industries Co. Ltd. |
143 | $ | 23,239 | |||||
Doosan Bobcat, Inc. |
4,635 | 92,331 | ||||||
Doosan Co. Ltd. |
633 | 35,882 | ||||||
DoubleUGames Co. Ltd. |
504 | 15,465 | ||||||
E-MART, Inc. |
1,350 | 79,168 | ||||||
Easy Holdings Co. Ltd. |
5,023 | 10,146 | ||||||
Eugene Corp. |
5,295 | 12,176 | ||||||
Eugene Investment & Securities Co. Ltd. |
8,694 | 13,612 | ||||||
Fila Holdings Corp. |
2,627 | 57,472 | ||||||
Green Cross Holdings Corp. |
1,234 | 14,059 | ||||||
GS Engineering & Construction Corp. |
5,639 | 88,879 | ||||||
GS Holdings Corp. |
4,562 | 132,967 | ||||||
GS Retail Co. Ltd. |
2,919 | 52,231 | ||||||
Hana Financial Group, Inc. |
22,264 | 551,659 | ||||||
Handok, Inc. |
492 | 5,090 | ||||||
Handsome Co. Ltd. |
1,312 | 23,568 | ||||||
Hanil Holdings Co. Ltd. |
1,021 | 7,921 | ||||||
Hanjin Transportation Co. Ltd. |
1,142 | 16,283 | ||||||
Hankook Tire & Technology Co. Ltd. |
6,064 | 149,407 | ||||||
Hansol Paper Co. Ltd. |
2,232 | 23,401 | ||||||
Hansol Technics Co. Ltd. * |
1,664 | 5,269 | ||||||
Hanwha Corp. |
3,953 | 67,555 | ||||||
Hanwha General Insurance Co. Ltd. * |
3,245 | 8,936 | ||||||
Hanwha Investment & Securities Co. Ltd. |
13,449 | 22,749 | ||||||
Hanwha Life Insurance Co. Ltd. * |
20,246 | 29,576 | ||||||
Hanwha Solutions Corp. * |
4,541 | 149,811 | ||||||
HD Hyundai Co. Ltd. |
3,175 | 120,058 | ||||||
HDC Holdings Co. Ltd. |
2,781 | 11,507 | ||||||
HDC Hyundai Development Co.-Engineering & Construction |
2,554 | 18,476 | ||||||
HL Holdings Corp. |
1,090 | 24,151 | ||||||
HMM Co. Ltd. |
16,527 | 213,706 | ||||||
HS Industries Co. Ltd. |
3,615 | 10,511 | ||||||
Hy-Lok Corp. |
918 | 13,475 | ||||||
Hyosung Corp. |
657 | 32,145 | ||||||
Hyosung Heavy Industries Corp. * |
306 | 12,726 | ||||||
Hyosung TNC Corp. |
190 | 34,396 | ||||||
Hyundai Construction Equipment Co. Ltd. |
1,558 | 34,847 | ||||||
Hyundai Department Store Co. Ltd. |
1,286 | 48,898 | ||||||
Hyundai Doosan Infracore Co. Ltd. * |
10,482 | 32,603 | ||||||
Hyundai Engineering & Construction Co. Ltd. |
4,831 | 126,625 | ||||||
Hyundai Futurenet Co. Ltd. |
3,997 | 6,803 | ||||||
Hyundai Glovis Co. Ltd. |
587 | 66,672 | ||||||
Hyundai Greenfood Co. Ltd. |
5,396 | 24,176 | ||||||
Hyundai Home Shopping Network Corp. |
716 | 23,847 | ||||||
Hyundai Livart Furniture Co. Ltd. |
1,625 | 10,461 | ||||||
Hyundai Marine & Fire Insurance Co. Ltd. |
5,895 | 120,727 | ||||||
Hyundai Mobis Co. Ltd. |
3,743 | 499,695 | ||||||
Hyundai Motor Co. |
7,019 | 865,907 | ||||||
Hyundai Motor Securities Co. Ltd. |
1,658 | 11,264 | ||||||
Hyundai Steel Co. |
5,647 | 110,911 | ||||||
Hyundai Wia Corp. |
941 | 39,529 | ||||||
Industrial Bank of Korea |
21,945 | 146,024 | ||||||
Innocean Worldwide, Inc. |
407 | 11,806 | ||||||
INTOPS Co. Ltd. |
1,491 | 31,733 | ||||||
IS Dongseo Co. Ltd. |
1,027 | 21,966 | ||||||
JB Financial Group Co. Ltd. |
11,834 | 57,569 | ||||||
KB Financial Group, Inc., ADR @ |
28,731 | 865,952 |
SHARES | VALUE | |||||||
KC Co. Ltd. |
887 | $ | 8,773 | |||||
KC Tech Co. Ltd. |
463 | 4,417 | ||||||
KCC Corp. |
293 | 47,410 | ||||||
KCC Glass Corp. |
444 | 12,398 | ||||||
Kia Corp. |
19,207 | 965,250 | ||||||
KISWIRE Ltd. |
1,072 | 12,775 | ||||||
KIWOOM Securities Co. Ltd. |
1,398 | 73,970 | ||||||
Kolmar Korea Holdings Co. Ltd. |
830 | 8,644 | ||||||
Kolon Industries, Inc. |
1,930 | 57,062 | ||||||
Korea Asset In Trust Co. Ltd. |
5,452 | 11,756 | ||||||
Korea Electric Terminal Co. Ltd. |
682 | 29,698 | ||||||
Korea Investment Holdings Co. Ltd. |
3,650 | 121,182 | ||||||
Korea Line Corp. * |
16,631 | 22,609 | ||||||
Korea Petrochemical Ind Co. Ltd. |
384 | 27,779 | ||||||
Korea Real Estate Investment & Trust Co. Ltd. |
13,613 | 13,035 | ||||||
Korea Shipbuilding & Offshore Engineering Co. Ltd. * |
2,470 | 125,857 | ||||||
Korean Reinsurance Co. |
8,995 | 49,354 | ||||||
KT Skylife Co. Ltd. |
3,507 | 19,708 | ||||||
KT&G Corp. |
3,159 | 191,214 | ||||||
Kumho Petrochemical Co. Ltd. |
1,118 | 90,256 | ||||||
Kumho Tire Co., Inc. * |
7,034 | 16,396 | ||||||
Kwang Dong Pharmaceutical Co. Ltd. |
5,019 | 20,768 | ||||||
Kyobo Securities Co. Ltd. |
2,156 | 8,544 | ||||||
LF Corp. |
1,623 | 16,562 | ||||||
LG Corp. |
5,347 | 276,563 | ||||||
LG Display Co. Ltd. |
12,166 | 102,042 | ||||||
LG Display Co. Ltd., ADR @ |
28,889 | 117,867 | ||||||
LG Electronics, Inc. |
10,656 | 585,421 | ||||||
LG HelloVision Co. Ltd. |
4,225 | 12,373 | ||||||
LG Uplus Corp. |
15,900 | 119,469 | ||||||
Lotte Chemical Corp. |
1,056 | 106,286 | ||||||
Lotte Confectionery Co. Ltd. |
167 | 16,167 | ||||||
Lotte Corp. |
1,582 | 42,350 | ||||||
LOTTE Fine Chemical Co. Ltd. |
1,517 | 59,696 | ||||||
LOTTE Himart Co. Ltd. |
1,461 | 13,224 | ||||||
Lotte Shopping Co. Ltd. |
641 | 38,755 | ||||||
LS Corp. |
1,543 | 61,151 | ||||||
LS Electric Co. Ltd. |
596 | 19,454 | ||||||
LX Hausys Ltd. |
666 | 15,176 | ||||||
LX Holdings Corp. * |
2,593 | 14,952 | ||||||
LX International Corp. |
3,459 | 94,048 | ||||||
Maeil Dairies Co. Ltd. |
341 | 12,275 | ||||||
Meritz Financial Group, Inc. |
748 | 10,901 | ||||||
Meritz Securities Co. Ltd. |
31,284 | 80,358 | ||||||
Mirae Asset Securities Co. Ltd. |
28,671 | 119,838 | ||||||
MK Electron Co. Ltd. |
1,843 | 12,044 | ||||||
Namyang Dairy Products Co. Ltd. |
41 | 10,961 | ||||||
Netmarble Corp. ± |
1,028 | 36,861 | ||||||
Nexen Corp. |
1,612 | 4,462 | ||||||
Nexen Tire Corp. |
5,151 | 25,886 | ||||||
NH Investment & Securities Co. Ltd. |
10,116 | 63,565 | ||||||
NHN Corp. * |
2,376 | 35,706 | ||||||
NICE Holdings Co. Ltd. |
708 | 6,112 | ||||||
Nong Shim Holdings Co. Ltd. |
185 | 8,095 | ||||||
NongShim Co. Ltd. |
255 | 53,114 | ||||||
OCI Co. Ltd. |
1,446 | 91,973 | ||||||
Orion Holdings Corp. |
2,572 | 26,606 | ||||||
Ottogi Corp. |
38 | 12,244 | ||||||
Pan Ocean Co. Ltd. |
22,750 | 71,556 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Korea (Continued) |
| |||||||
Poongsan Corp. |
1,950 | $ | 33,120 | |||||
POSCO Holdings, Inc. |
984 | 145,121 | ||||||
POSCO Holdings, Inc., ADR |
17,853 | 653,598 | ||||||
Posco International Corp. |
4,654 | 67,987 | ||||||
S-MAC Co. Ltd. * |
1,981 | 3,157 | ||||||
Sajo Industries Co. Ltd. |
327 | 9,257 | ||||||
Samsung C&T Corp. |
4,716 | 341,166 | ||||||
Samsung Card Co. Ltd. |
2,083 | 43,969 | ||||||
Samsung Electronics Co. Ltd. |
11,336 | 420,732 | ||||||
Samsung Electronics Co. Ltd., GDR |
1,132 | 1,043,704 | ||||||
Samsung Fire & Marine Insurance Co. Ltd. |
3,009 | 386,983 | ||||||
Samsung Life Insurance Co. Ltd. |
4,444 | 193,825 | ||||||
Samsung Securities Co. Ltd. |
4,339 | 93,258 | ||||||
Samyang Corp. |
427 | 10,953 | ||||||
Samyang Holdings Corp. |
409 | 17,839 | ||||||
Sangsangin Co. Ltd. |
4,957 | 25,535 | ||||||
SeAH Steel Holdings Corp. |
235 | 24,720 | ||||||
Sebang Co. Ltd. |
1,306 | 13,693 | ||||||
Sebang Global Battery Co. Ltd. |
697 | 19,438 | ||||||
Seohan Co. Ltd. |
5,607 | 4,056 | ||||||
Seoul Semiconductor Co. Ltd. |
1,842 | 13,068 | ||||||
SGC Energy Co. Ltd. |
395 | 8,490 | ||||||
Shinhan Financial Group Co. Ltd. |
23,813 | 557,584 | ||||||
Shinhan Financial Group Co. Ltd., ADR |
5,343 | 122,889 | ||||||
Shinsegae, Inc. |
629 | 101,558 | ||||||
Shinyoung Securities Co. Ltd. |
511 | 19,466 | ||||||
SK Chemicals Co. Ltd. |
256 | 16,283 | ||||||
SK Discovery Co. Ltd. |
1,247 | 25,974 | ||||||
SK Gas Ltd. |
364 | 25,569 | ||||||
SK Hynix, Inc. |
37,160 | 2,158,381 | ||||||
SK Innovation Co. Ltd. * |
3,759 | 377,030 | ||||||
SK Networks Co. Ltd. |
12,838 | 35,534 | ||||||
SK Securities Co. Ltd. |
36,346 | 16,183 | ||||||
SK, Inc. |
2,543 | 341,271 | ||||||
SL Corp. |
1,820 | 41,089 | ||||||
SNT Motiv Co. Ltd. |
1,086 | 31,881 | ||||||
Songwon Industrial Co. Ltd. |
1,925 | 21,461 | ||||||
Soulbrain Holdings Co. Ltd. |
523 | 7,933 | ||||||
Spigen Korea Co. Ltd. |
361 | 8,327 | ||||||
Suheung Co. Ltd. |
475 | 10,608 | ||||||
Sungwoo Hitech Co. Ltd. |
3,959 | 11,733 | ||||||
Sunjin Co. Ltd. |
941 | 5,420 | ||||||
Taekwang Industrial Co. Ltd. |
36 | 17,689 | ||||||
Taeyoung Engineering & Construction Co. Ltd. |
2,546 | 8,373 | ||||||
Theragen Etex Co. Ltd. * |
2,386 | 6,587 | ||||||
Toptec Co. Ltd. * |
1,934 | 8,138 | ||||||
TY Holdings Co. Ltd. * |
2,455 | 20,677 | ||||||
Unid Co. Ltd. |
672 | 39,220 | ||||||
WiSoL Co. Ltd. |
914 | 4,344 | ||||||
Wonik Holdings Co. Ltd. * |
5,077 | 10,752 | ||||||
Woori Financial Group, Inc. |
38,312 | 286,530 | ||||||
Young Poong Corp. |
46 | 20,513 | ||||||
Youngone Corp. |
2,083 | 64,935 | ||||||
Youngone Holdings Co. Ltd. |
787 | 28,109 | ||||||
Yuanta Securities Korea Co. Ltd. |
11,552 | 19,823 | ||||||
|
|
|||||||
18,953,581 | ||||||||
|
|
|||||||
Malaysia 1.9% |
| |||||||
Aeon Co. M Bhd |
64,400 | 19,027 | ||||||
Alliance Bank Malaysia Bhd |
118,600 | 90,286 | ||||||
AMMB Holdings Bhd |
177,687 | 149,446 | ||||||
Bank Islam Malaysia Bhd |
31,600 | 17,514 |
SHARES | VALUE | |||||||
Batu Kawan Bhd |
16,500 | $ | 71,167 | |||||
Boustead Plantations Bhd |
55,720 | 7,270 | ||||||
Bumi Armada Bhd * |
264,700 | 21,977 | ||||||
Cahya Mata Sarawak Bhd |
68,100 | 12,043 | ||||||
CIMB Group Holdings Bhd |
518,078 | 573,159 | ||||||
DRB-Hicom Bhd |
119,100 | 33,647 | ||||||
Gamuda Bhd |
151,397 | 128,314 | ||||||
Genting Bhd |
144,900 | 139,994 | ||||||
Genting Malaysia Bhd |
182,600 | 109,867 | ||||||
Genting Plantations Bhd |
6,500 | 8,046 | ||||||
HAP Seng Consolidated Bhd |
12,400 | 16,366 | ||||||
Hengyuan Refining Co. Bhd * |
9,900 | 8,775 | ||||||
Hibiscus Petroleum Bhd |
140,200 | 25,397 | ||||||
Hong Leong Financial Group Bhd |
27,121 | 107,969 | ||||||
IJM Corp. Bhd |
250,560 | 90,238 | ||||||
IOI Properties Group Bhd |
50,050 | 10,092 | ||||||
Lotte Chemical Titan Holding |
36,723 | 10,612 | ||||||
Magnum Bhd |
86,961 | 26,630 | ||||||
Mah Sing Group Bhd |
205,885 | 21,756 | ||||||
Malayan Banking Bhd |
281,591 | 521,038 | ||||||
Malaysia Airports Holdings Bhd * |
31,300 | 37,800 | ||||||
Malaysia Building Society Bhd |
205,001 | 25,421 | ||||||
Malaysian Resources Corp. Bhd |
136,329 | 8,820 | ||||||
Matrix Concepts Holdings Bhd |
64,200 | 19,937 | ||||||
Mega First Corp. Bhd |
12,800 | 9,109 | ||||||
MISC Bhd |
94,320 | 137,503 | ||||||
MKH Bhd |
36,950 | 9,164 | ||||||
Oriental Holdings Bhd |
25,760 | 36,054 | ||||||
OSK Holdings Bhd |
74,455 | 13,889 | ||||||
PPB Group Bhd |
37,500 | 130,203 | ||||||
RHB Bank Bhd |
187,931 | 225,339 | ||||||
Sarawak Oil Palms Bhd |
30,750 | 14,523 | ||||||
Sime Darby Bhd |
293,600 | 135,498 | ||||||
Sime Darby Property Bhd |
308,000 | 29,890 | ||||||
SP Setia Bhd Group |
143,480 | 17,792 | ||||||
Sunway Bhd |
96,197 | 32,570 | ||||||
Ta Ann Holdings Bhd |
12,260 | 8,540 | ||||||
United Malacca Bhd |
14,600 | 16,845 | ||||||
UOA Development Bhd |
14,900 | 5,238 | ||||||
WCT Holdings Bhd |
115,937 | 10,251 | ||||||
Yinson Holdings Bhd |
96,880 | 44,920 | ||||||
YTL Corp. Bhd |
464,943 | 58,156 | ||||||
|
|
|||||||
3,248,092 | ||||||||
|
|
|||||||
Mexico 2.4% |
| |||||||
ALEATICA SAB de CV * |
17,691 | 14,933 | ||||||
Alfa SAB de CV, Class A |
260,453 | 165,535 | ||||||
Alpek SAB de CV |
27,384 | 35,652 | ||||||
Arca Continental SAB de CV |
21,120 | 152,070 | ||||||
Banco del Bajio SA ± |
52,670 | 133,352 | ||||||
Cemex SAB de CV * |
605,139 | 209,130 | ||||||
Coca-Cola Femsa SAB de CV |
24,353 | 141,914 | ||||||
Consorcio ARA SAB de CV |
72,788 | 11,529 | ||||||
Corp. Actinver SAB de CV |
15,700 | 9,612 | ||||||
El Puerto de Liverpool SAB de CV, Series C1 |
8,547 | 37,359 | ||||||
Fomento Economico Mexicano SAB de CV |
49,844 | 312,634 | ||||||
GCC SAB de CV |
9,847 | 58,365 | ||||||
Genomma Lab Internacional SAB de CV, Series B |
44,530 | 30,734 | ||||||
Gentera SAB de CV |
67,054 | 57,667 | ||||||
Grupo Carso SAB de CV, Series A1 |
24,499 | 90,225 | ||||||
Grupo Comercial Chedraui SA de CV |
28,843 | 85,443 | ||||||
Grupo Elektra SAB de CV |
182 | 9,254 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Mexico (Continued) |
| |||||||
Grupo Financiero Banorte SAB de CV, Class O |
107,375 | $ | 687,825 | |||||
Grupo Financiero Inbursa SAB de CV, Class O * |
113,739 | 180,553 | ||||||
Grupo Hotelero Santa Fe SAB de CV * |
22,600 | 4,354 | ||||||
Grupo Mexico SAB de CV, Series B |
158,955 | 536,861 | ||||||
Grupo Sanborns SAB de CV * |
34,641 | 40,765 | ||||||
Grupo Televisa SAB |
189,926 | 204,925 | ||||||
Industrias Bachoco SAB de CV, ADR |
639 | 29,416 | ||||||
Industrias Bachoco SAB de CV, Series B |
5,634 | 21,988 | ||||||
Industrias CH SAB de CV, Series B * |
23,916 | 279,007 | ||||||
Industrias Penoles SAB de CV |
8,090 | 78,183 | ||||||
La Comer SAB de CV |
31,211 | 55,310 | ||||||
Megacable Holdings SAB de CV |
33,791 | 68,070 | ||||||
Minera Frisco SAB de CV, Class A1 * |
52,254 | 6,175 | ||||||
Nemak SAB de CV *± |
122,975 | 26,867 | ||||||
Orbia Advance Corp. SAB de CV |
64,269 | 108,181 | ||||||
Organizacion Soriana SAB de CV, Class B |
57,868 | 75,282 | ||||||
Promotora y Operadora de Infraestructura SAB de CV |
13,054 | 88,807 | ||||||
Promotora y Operadora de Infraestructura SAB de CV, Class L |
1,600 | 6,912 | ||||||
Unifin Financiera SAB de CV * |
10,214 | 969 | ||||||
|
|
|||||||
4,055,858 | ||||||||
|
|
|||||||
Philippines 0.7% |
| |||||||
ACEN Corp. |
37,650 | 3,596 | ||||||
Alliance Global Group, Inc. |
253,300 | 35,646 | ||||||
Ayala Corp. |
12,550 | 131,869 | ||||||
Ayala Land, Inc. |
38,300 | 14,928 | ||||||
Bank of the Philippine Islands |
26,779 | 40,882 | ||||||
BDO Unibank, Inc. |
94,817 | 180,334 | ||||||
Belle Corp. * |
176,000 | 3,362 | ||||||
CEMEX Holdings Philippines, Inc. *± |
324,537 | 3,654 | ||||||
China Banking Corp. |
74,676 | 32,291 | ||||||
Cosco Capital, Inc. |
257,000 | 17,228 | ||||||
DMCI Holdings, Inc. |
385,900 | 65,101 | ||||||
Filinvest Land, Inc. |
1,435,000 | 18,603 | ||||||
First Philippine Holdings Corp. |
26,510 | 27,810 | ||||||
GT Capital Holdings, Inc. |
3,472 | 24,614 | ||||||
JG Summit Holdings, Inc. |
152,183 | 109,156 | ||||||
LT Group, Inc. |
132,300 | 18,641 | ||||||
Megaworld Corp. |
1,004,700 | 34,961 | ||||||
Metropolitan Bank & Trust Co. |
133,237 | 110,226 | ||||||
Puregold Price Club, Inc. |
55,500 | 26,744 | ||||||
Rizal Commercial Banking Corp. |
47,790 | 17,404 | ||||||
Robinsons Land Corp. |
247,455 | 69,562 | ||||||
Robinsons Retail Holdings, Inc. |
43,490 | 40,578 | ||||||
San Miguel Corp. |
41,650 | 69,588 | ||||||
Security Bank Corp. |
37,690 | 52,075 | ||||||
Top Frontier Investment Holdings, Inc. * |
4,630 | 7,669 | ||||||
Union Bank of the Philippines |
42,739 | 59,780 | ||||||
Vista Land & Lifescapes, Inc. |
491,200 | 13,406 | ||||||
|
|
|||||||
1,229,708 | ||||||||
|
|
|||||||
Poland 0.6% |
| |||||||
AB SA |
845 | 6,478 | ||||||
Alior Bank SA * |
8,160 | 38,060 | ||||||
Amica SA |
306 | 4,019 | ||||||
Asseco Poland SA |
999 | 13,936 |
SHARES | VALUE | |||||||
Bank Polska Kasa Opieki SA |
2,385 | $ | 29,206 | |||||
Ciech SA * |
1,973 | 12,649 | ||||||
Cyfrowy Polsat SA |
10,765 | 34,856 | ||||||
Develia SA |
16,364 | 6,385 | ||||||
Echo Investment SA |
1,732 | 1,066 | ||||||
Enea SA * |
23,584 | 29,379 | ||||||
Grupa Azoty SA * |
5,354 | 36,335 | ||||||
Jastrzebska Spolka Weglowa SA * |
4,372 | 29,406 | ||||||
KGHM Polska Miedz SA |
9,027 | 159,637 | ||||||
Lubelski Wegiel Bogdanka SA |
1,684 | 11,000 | ||||||
mBank SA * |
1,049 | 42,410 | ||||||
PGE Polska Grupa Energetyczna SA * |
69,342 | 87,795 | ||||||
Polski Koncern Naftowy Orlen SA |
37,588 | 405,992 | ||||||
Tauron Polska Energia SA * |
66,763 | 27,301 | ||||||
|
|
|||||||
975,910 | ||||||||
|
|
|||||||
Russia 0.0% |
| |||||||
Gazprom PJSC, ADR *§ |
162,760 | | ||||||
Lukoil PJSC, ADR § |
15,271 | | ||||||
RusHydro PJSC, ADR *§ |
61,905 | | ||||||
VTB Bank PJSC, GDR *§ |
92,145 | | ||||||
|
|
|||||||
| ||||||||
|
|
|||||||
Singapore 0.0% |
| |||||||
China XLX Fertiliser Ltd. |
44,000 | 22,085 | ||||||
|
|
|||||||
South Africa 3.4% |
| |||||||
Absa Group Ltd. @ |
57,554 | 561,644 | ||||||
Adcock Ingram Holdings Ltd. |
3,460 | 8,707 | ||||||
Aeci Ltd. |
11,902 | 56,735 | ||||||
African Rainbow Minerals Ltd. @ |
9,314 | 125,827 | ||||||
AngloGold Ashanti Ltd., ADR |
19,645 | 271,494 | ||||||
Aspen Pharmacare Holdings Ltd. |
21,622 | 160,409 | ||||||
Astral Foods Ltd. |
5,245 | 55,980 | ||||||
Barloworld Ltd. |
20,449 | 104,245 | ||||||
DataTec Ltd. |
21,933 | 53,354 | ||||||
Exxaro Resources Ltd. @ |
14,928 | 166,954 | ||||||
Gold Fields Ltd., ADR |
38,116 | 308,358 | ||||||
Grindrod Ltd. |
33,342 | 16,708 | ||||||
Grindrod Shipping Holdings Ltd. |
905 | 20,850 | ||||||
Harmony Gold Mining Co. Ltd. |
4,418 | 10,427 | ||||||
Harmony Gold Mining Co. Ltd., ADR |
25,436 | 61,809 | ||||||
Impala Platinum Holdings Ltd. |
54,620 | 512,010 | ||||||
Investec Ltd. |
21,334 | 84,440 | ||||||
KAP Industrial Holdings Ltd. |
156,089 | 33,632 | ||||||
Lewis Group Ltd. |
3,337 | 8,481 | ||||||
Life Healthcare Group Holdings Ltd. |
100,675 | 95,947 | ||||||
Metair Investments Ltd. |
23,331 | 34,803 | ||||||
Momentum Metropolitan Holdings |
100,980 | 93,672 | ||||||
Motus Holdings Ltd. |
14,664 | 92,983 | ||||||
Mpact Ltd. |
15,365 | 22,920 | ||||||
MTN Group Ltd. |
27,438 | 181,728 | ||||||
Murray & Roberts Holdings Ltd. * |
24,454 | 8,322 | ||||||
Nedbank Group Ltd. |
26,249 | 289,667 | ||||||
Netcare Ltd. |
23,365 | 17,711 | ||||||
Oceana Group Ltd. |
7,336 | 21,586 | ||||||
Old Mutual Ltd. |
313,640 | 169,470 | ||||||
Omnia Holdings Ltd. |
16,030 | 59,869 | ||||||
Pepkor Holdings Ltd. ± |
100,821 | 115,694 | ||||||
Raubex Group Ltd. |
16,897 | 32,935 | ||||||
Reunert Ltd. |
14,953 | 35,772 | ||||||
RFG Holdings Ltd. |
12,062 | 7,337 | ||||||
Royal Bafokeng Platinum Ltd. |
7,872 | 62,428 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
South Africa (Continued) |
| |||||||
Sappi Ltd. *@ |
46,866 | $ | 113,980 | |||||
Sasol Ltd. * |
28,871 | 455,779 | ||||||
Sasol Ltd., ADR * |
3,934 | 61,961 | ||||||
Sibanye Stillwater Ltd. @ |
189,525 | 439,887 | ||||||
Sibanye Stillwater Ltd., ADR @ |
668 | 6,226 | ||||||
Standard Bank Group Ltd. @ |
66,138 | 526,181 | ||||||
Super Group Ltd. |
41,508 | 58,042 | ||||||
Telkom SA SOC Ltd. * |
28,405 | 72,817 | ||||||
Wilson Bayly Holmes-Ovcon Ltd. |
5,488 | 26,033 | ||||||
|
|
|||||||
5,725,814 | ||||||||
|
|
|||||||
Taiwan 16.9% |
| |||||||
AcBel Polytech, Inc. |
11,000 | 9,753 | ||||||
Acer, Inc. |
187,884 | 129,600 | ||||||
Acter Group Corp. Ltd. |
4,000 | 12,586 | ||||||
Advanced International Multitech Co. Ltd. |
8,000 | 23,131 | ||||||
Altek Corp. |
13,000 | 13,471 | ||||||
Ambassador Hotel (The) * |
20,000 | 19,591 | ||||||
AmTRAN Technology Co. Ltd. |
74,301 | 22,630 | ||||||
Apex International Co. Ltd. |
15,000 | 23,528 | ||||||
Arcadyan Technology Corp. |
7,000 | 21,012 | ||||||
Ardentec Corp. |
39,092 | 51,468 | ||||||
ASE Technology Holding Co. Ltd. |
225,000 | 567,656 | ||||||
Asia Cement Corp. |
203,269 | 252,254 | ||||||
Asia Optical Co., Inc. |
5,000 | 9,071 | ||||||
Asia Pacific Telecom Co. Ltd. * |
125,842 | 25,764 | ||||||
Asia Polymer Corp. |
31,602 | 28,219 | ||||||
Asia Vital Components Co. Ltd. |
27,000 | 94,822 | ||||||
Asustek Computer, Inc. |
56,000 | 412,737 | ||||||
AUO Corp. <> |
628,000 | 290,768 | ||||||
Bank of Kaohsiung Co. Ltd. |
46,350 | 18,541 | ||||||
Basso Industry Corp. |
9,000 | 11,523 | ||||||
Bioteque Corp. |
3,000 | 11,055 | ||||||
Brighton-Best International Taiwan, Inc. |
17,000 | 17,643 | ||||||
Capital Securities Corp. |
184,437 | 61,287 | ||||||
Career Technology MFG. Co. Ltd. * |
20,400 | 18,152 | ||||||
Catcher Technology Co. Ltd. * |
49,000 | 266,229 | ||||||
Cathay Financial Holding Co. Ltd. |
546,166 | 687,245 | ||||||
Cathay Real Estate Development Co. Ltd. |
70,000 | 35,387 | ||||||
Chang Hwa Commercial Bank Ltd. |
299,460 | 161,761 | ||||||
Channel Well Technology Co. Ltd. |
16,000 | 13,985 | ||||||
Cheng Loong Corp. |
82,000 | 68,701 | ||||||
Cheng Shin Rubber Industry Co. Ltd. |
121,000 | 136,058 | ||||||
Cheng Uei Precision Industry Co. Ltd. |
44,543 | 47,561 | ||||||
Chia Hsin Cement Corp. |
22,000 | 11,711 | ||||||
Chin-Poon Industrial Co. Ltd. |
36,000 | 31,976 | ||||||
China Airlines Ltd. |
278,111 | 172,128 | ||||||
China Bills Finance Corp. |
89,000 | 41,348 | ||||||
China Chemical & Pharmaceutical Co. Ltd. |
19,000 | 12,807 | ||||||
China Development Financial Holding Corp. |
896,559 | 338,868 | ||||||
China General Plastics Corp. |
28,665 | 18,509 | ||||||
China Man-Made Fiber Corp. |
115,018 | 29,453 | ||||||
China Metal Products |
31,000 | 28,755 | ||||||
China Motor Corp. |
22,478 | 28,780 | ||||||
China Petrochemical Development Corp. |
389,871 | 116,781 | ||||||
China Steel Corp. |
887,800 | 746,614 | ||||||
Chipbond Technology Corp. |
42,000 | 66,805 | ||||||
ChipMOS Technologies, Inc. |
28,897 | 27,305 | ||||||
Chun Yuan Steel Industry Co. Ltd. |
30,000 | 13,890 | ||||||
Chung Hung Steel Corp. |
60,000 | 39,970 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp. |
28,000 | 50,181 |
SHARES | VALUE | |||||||
Chunghwa Precision Test Tech Co. Ltd. |
2,000 | $ | 24,284 | |||||
Clevo Co. |
43,000 | 42,527 | ||||||
CMC Magnetics Corp. |
93,595 | 21,255 | ||||||
Compal Electronics, Inc. |
402,000 | 274,761 | ||||||
Compeq Manufacturing Co. Ltd. |
109,000 | 155,180 | ||||||
Concord Securities Co. Ltd. |
37,000 | 11,246 | ||||||
Continental Holdings Corp. |
42,000 | 39,885 | ||||||
Coretronic Corp. |
40,800 | 71,193 | ||||||
CTBC Financial Holding Co. Ltd. |
1,475,280 | 922,369 | ||||||
D-Link Corp. * |
50,640 | 23,447 | ||||||
DA CIN Construction Co. Ltd. |
9,000 | 8,873 | ||||||
Da-Li Development Co. Ltd. |
12,000 | 9,978 | ||||||
Darfon Electronics Corp. |
17,000 | 21,097 | ||||||
Darwin Precisions Corp. * |
55,000 | 15,245 | ||||||
Depo Auto Parts Ind Co. Ltd. |
12,000 | 26,760 | ||||||
Dyaco International, Inc. |
7,000 | 8,720 | ||||||
Dynapack International Technology Corp. |
7,000 | 15,566 | ||||||
Eastern Media International Corp. * |
24,300 | 15,193 | ||||||
Edom Technology Co. Ltd. |
10,000 | 8,583 | ||||||
Elite Advanced Laser Corp. |
8,000 | 10,230 | ||||||
Elitegroup Computer Systems Co. Ltd. * |
35,877 | 29,380 | ||||||
Ennoconn Corp. |
3,116 | 18,697 | ||||||
ENNOSTAR, Inc. |
36,414 | 47,540 | ||||||
Entie Commercial Bank Co. Ltd. |
68,000 | 30,199 | ||||||
Eternal Materials Co., Ltd. <> |
34,000 | 32,448 | ||||||
Eva Airways Corp. |
265,478 | 235,802 | ||||||
Everest Textile Co. Ltd. * |
56,568 | 14,022 | ||||||
Evergreen International Storage & Transport Corp. |
54,000 | 53,661 | ||||||
Evergreen Marine Corp. Taiwan Ltd. |
34,583 | 159,032 | ||||||
Everlight Chemical Industrial Corp. |
56,000 | 31,925 | ||||||
Everlight Electronics Co. Ltd. |
40,000 | 43,907 | ||||||
Excelsior Medical Co. Ltd. |
11,550 | 23,283 | ||||||
Far Eastern Department Stores Ltd. |
108,220 | 66,468 | ||||||
Far Eastern International Bank |
283,152 | 98,995 | ||||||
Far Eastern New Century Corp. |
266,338 | 271,380 | ||||||
Farglory Land Development Co. Ltd. |
26,721 | 48,394 | ||||||
Feng Hsin Steel Co. Ltd. |
14,000 | 26,281 | ||||||
First Financial Holding Co. Ltd. |
591,369 | 484,286 | ||||||
First Steamship Co. Ltd. * |
103,240 | 26,794 | ||||||
FLEXium Interconnect, Inc. * |
24,000 | 65,690 | ||||||
Formosa Advanced Technologies Co. Ltd. |
20,000 | 23,308 | ||||||
Formosa Chemicals & Fibre Corp. |
176,000 | 383,055 | ||||||
Formosa Petrochemical Corp. |
41,000 | 107,055 | ||||||
Formosa Plastics Corp. |
198,000 | 540,074 | ||||||
Formosa Taffeta Co. Ltd. |
28,000 | 23,856 | ||||||
Formosan Rubber Group, Inc. |
20,080 | 12,744 | ||||||
Formosan Union Chemical |
48,179 | 34,144 | ||||||
Foxconn Technology Co. Ltd. |
58,127 | 83,943 | ||||||
FSP Technology, Inc. |
8,000 | 9,550 | ||||||
Fubon Financial Holding Co. Ltd. |
620,731 | 975,605 | ||||||
Fulltech Fiber Glass Corp. |
32,249 | 12,494 | ||||||
G Shank Enterprise Co. Ltd. |
10,000 | 14,363 | ||||||
Gamania Digital Entertainment Co. Ltd. |
6,000 | 10,980 | ||||||
Gemtek Technology Corp. |
47,000 | 39,526 | ||||||
General Interface Solution Holding Ltd. |
24,000 | 57,904 | ||||||
Getac Holdings Corp. |
21,000 | 27,946 | ||||||
Giantplus Technology Co. Ltd. * |
37,000 | 12,936 | ||||||
Gigabyte Technology Co., Ltd. |
35,000 | 97,342 | ||||||
Global Brands Manufacture Ltd. |
10,000 | 7,984 | ||||||
Global PMX Co. Ltd. |
2,000 | 10,803 | ||||||
Gloria Material Technology Corp. |
50,392 | 46,902 | ||||||
Gold Circuit Electronics Ltd. |
23,500 | 68,689 | ||||||
Goldsun Building Materials Co. Ltd. |
82,973 | 62,722 | ||||||
Grand Pacific Petrochemical |
102,000 | 56,222 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Taiwan (Continued) |
| |||||||
Great Wall Enterprise Co. Ltd. |
31,330 | $ | 43,913 | |||||
Greatek Electronics, Inc. |
16,000 | 24,820 | ||||||
Hannstar Board Corp. |
38,929 | 35,681 | ||||||
HannsTouch Solution, Inc. |
32,279 | 9,801 | ||||||
Hey Song Corp. |
18,750 | 19,577 | ||||||
Highwealth Construction Corp. |
52,697 | 64,732 | ||||||
Hiroca Holdings Ltd. |
8,000 | 13,682 | ||||||
Ho Tung Chemical Corp. |
108,688 | 30,228 | ||||||
Holy Stone Enterprise Co., Ltd. |
10,000 | 27,371 | ||||||
Hon Hai Precision Industry Co. Ltd. |
703,068 | 2,258,746 | ||||||
Hong Pu Real Estate Development Co. Ltd. * |
20,000 | 14,174 | ||||||
Hong TAI Electric Industrial |
13,000 | 6,060 | ||||||
Hsin Kuang Steel Co., Ltd. |
7,000 | 7,496 | ||||||
HTC Corp. * |
9,000 | 15,534 | ||||||
Hu Lane Associate, Inc. |
5,000 | 26,221 | ||||||
HUA ENG Wire & Cable Co. Ltd. |
29,000 | 11,509 | ||||||
Hua Nan Financial Holdings Co. Ltd. |
491,337 | 344,334 | ||||||
Hung Ching Development & Construction Co. Ltd. |
20,000 | 12,819 | ||||||
Hung Sheng Construction Ltd. |
50,688 | 39,354 | ||||||
IBF Financial Holdings Co. Ltd. |
289,630 | 105,365 | ||||||
IEI Integration Corp. |
8,000 | 14,060 | ||||||
Innolux Corp. <> |
657,757 | 216,497 | ||||||
International CSRC Investment Holdings Co. |
58,604 | 35,810 | ||||||
Inventec Corp. |
214,282 | 154,558 | ||||||
ITEQ Corp. |
8,000 | 14,741 | ||||||
Kenda Rubber Industrial Co. Ltd. |
22,000 | 22,139 | ||||||
Kindom Development Co. Ltd. |
46,200 | 36,816 | ||||||
King Slide Works Co. Ltd. |
2,000 | 29,796 | ||||||
King Yuan Electronics Co. Ltd. |
127,100 | 123,301 | ||||||
Kings Town Bank Co. Ltd. |
90,000 | 95,531 | ||||||
Kinpo Electronics |
138,000 | 58,027 | ||||||
Kinsus Interconnect Technology Corp. |
28,000 | 82,018 | ||||||
KS Terminals, Inc. |
14,000 | 31,440 | ||||||
Kuo Yang Construction Co. Ltd. |
14,000 | 7,937 | ||||||
L&K Engineering Co. Ltd. |
16,000 | 14,993 | ||||||
Largan Precision Co. Ltd. |
7,000 | 369,303 | ||||||
Lealea Enterprise Co. Ltd. |
80,000 | 27,087 | ||||||
Lelon Electronics Corp. |
10,000 | 15,355 | ||||||
Lien Hwa Industrial Holdings Corp. |
46,702 | 74,578 | ||||||
Lingsen Precision Industries Ltd. |
41,000 | 16,659 | ||||||
Lite-On Technology Corp. |
194,874 | 391,602 | ||||||
Longchen Paper & Packaging Co. Ltd. |
89,648 | 41,366 | ||||||
Lung Yen Life Service Corp. |
7,000 | 8,411 | ||||||
Macronix International Co. Ltd. |
119,171 | 116,923 | ||||||
MediaTek, Inc. |
2,000 | 34,710 | ||||||
Mega Financial Holding Co. Ltd. |
513,371 | 503,685 | ||||||
Mercuries & Associates Holding Ltd. |
42,767 | 19,532 | ||||||
Mercuries Life Insurance Co. Ltd. * |
169,799 | 33,586 | ||||||
Micro-Star International Co., Ltd. |
31,000 | 104,964 | ||||||
Mirle Automation Corp. |
6,000 | 7,106 | ||||||
Mitac Holdings Corp. |
27,637 | 23,503 | ||||||
MOSA Industrial Corp. |
8,000 | 6,388 | ||||||
MPI Corp. |
6,000 | 15,629 | ||||||
Namchow Holdings Co. Ltd. |
7,000 | 9,833 | ||||||
Nan Ya Plastics Corp. |
346,000 | 729,075 | ||||||
Nanya Technology Corp. |
117,000 | 180,388 |
SHARES | VALUE | |||||||
O-Bank Co. Ltd. |
91,943 | $ | 23,949 | |||||
Orient Semiconductor Electronics Ltd. |
42,485 | 21,812 | ||||||
Oriental Union Chemical Corp. |
16,000 | 8,744 | ||||||
Pan Jit International, Inc. |
8,600 | 15,440 | ||||||
Pan-International Industrial Corp. |
34,380 | 35,518 | ||||||
PChome Online, Inc. |
4,000 | 6,104 | ||||||
Pegatron Corp. |
187,249 | 345,021 | ||||||
Phison Electronics Corp. |
6,000 | 50,175 | ||||||
Pixart Imaging, Inc. |
8,000 | 21,544 | ||||||
POU Chen Corp. |
169,133 | 151,825 | ||||||
Powertech Technology, Inc. |
49,000 | 118,993 | ||||||
President Securities Corp. |
86,636 | 40,386 | ||||||
Primax Electronics Ltd. |
25,000 | 50,238 | ||||||
Prince Housing & Development Corp. |
77,970 | 27,382 | ||||||
Prosperity Dielectrics Co. Ltd. |
11,000 | 12,473 | ||||||
Qisda Corp. |
158,400 | 135,205 | ||||||
Quanta Computer, Inc. |
139,000 | 337,113 | ||||||
Quanta Storage, Inc. |
13,000 | 15,478 | ||||||
Radiant Opto-Electronics Corp. |
27,000 | 85,467 | ||||||
Radium Life Tech Co. Ltd. |
101,477 | 30,748 | ||||||
Rechi Precision Co. Ltd. |
16,000 | 8,769 | ||||||
Rexon Industrial Corp. Ltd. |
13,000 | 12,202 | ||||||
Rich Development Co. Ltd. |
19,978 | 5,311 | ||||||
Ritek Corp. * |
47,211 | 11,227 | ||||||
Ruentex Development Co. Ltd. |
40,192 | 65,069 | ||||||
Ruentex Industries Ltd. |
37,891 | 60,985 | ||||||
Sampo Corp. |
31,600 | 26,027 | ||||||
San Fang Chemical Industry Co. Ltd. |
13,000 | 8,640 | ||||||
Sanyang Motor Co. Ltd. |
41,573 | 50,151 | ||||||
Sesoda Corp. |
17,193 | 22,528 | ||||||
Shanghai Commercial & Savings Bank Ltd. (The) |
63,000 | 97,628 | ||||||
ShenMao Technology, Inc. |
10,000 | 12,898 | ||||||
Shih Wei Navigation Co. Ltd. |
16,000 | 12,322 | ||||||
Shihlin Electric & Engineering Corp. |
26,000 | 47,579 | ||||||
Shin Kong Financial Holding Co. Ltd. |
715,108 | 184,920 | ||||||
Shin Zu Shing Co. Ltd. |
16,660 | 47,279 | ||||||
Shinkong Insurance Co. Ltd. |
22,000 | 33,781 | ||||||
Shinkong Synthetic Fibers Corp. |
108,151 | 56,717 | ||||||
Sigurd Microelectronics Corp. |
42,694 | 57,151 | ||||||
Simplo Technology Co. Ltd. |
9,000 | 74,837 | ||||||
Sincere Navigation Corp. |
27,810 | 15,942 | ||||||
Sinon Corp. |
56,000 | 68,260 | ||||||
SinoPac Financial Holdings Co. Ltd. |
747,494 | 407,309 | ||||||
Sirtec International Co. Ltd. |
12,000 | 8,315 | ||||||
Soft-World International Corp. |
4,000 | 8,870 | ||||||
St Shine Optical Co. Ltd. |
5,000 | 35,592 | ||||||
Sunonwealth Electric Machine Industry Co. Ltd. |
12,000 | 13,626 | ||||||
Supreme Electronics Co. Ltd. |
43,121 | 46,246 | ||||||
Syncmold Enterprise Corp. |
5,000 | 9,969 | ||||||
Synnex Technology International Corp. |
111,300 | 185,097 | ||||||
Systex Corp. |
5,000 | 10,945 | ||||||
TA Chen Stainless Pipe Co., Ltd. |
87,870 | 104,617 | ||||||
Ta Ya Electric Wire & Cable |
54,401 | 31,185 | ||||||
TA-I Technology Co. Ltd. |
6,000 | 7,569 | ||||||
TAI-TECH Advanced Electronics Co. Ltd. |
3,000 | 7,380 | ||||||
Taichung Commercial Bank Co. Ltd. |
380,165 | 157,459 | ||||||
TaiDoc Technology Corp. * |
7,000 | 36,159 | ||||||
Taiflex Scientific Co. Ltd. |
25,740 | 32,064 | ||||||
Tainan Spinning Co. Ltd. |
115,427 | 60,169 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Taiwan (Continued) |
| |||||||
Taishin Financial Holding Co. Ltd. |
862,708 | $ | 372,267 | |||||
Taiwan Business Bank |
369,300 | 146,561 | ||||||
Taiwan Cement Corp. |
380,971 | 405,582 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. |
528,706 | 437,133 | ||||||
Taiwan Fertilizer Co. Ltd. |
48,000 | 83,303 | ||||||
Taiwan FU Hsing Industrial Co. Ltd. |
21,000 | 27,417 | ||||||
Taiwan Glass Industry Corp. |
109,321 | 60,085 | ||||||
Taiwan Hon Chuan Enterprise Co. Ltd. |
30,925 | 81,625 | ||||||
Taiwan Navigation Co. Ltd. |
18,000 | 14,004 | ||||||
Taiwan Paiho Ltd. |
12,000 | 22,300 | ||||||
Taiwan PCB Techvest Co. Ltd. |
28,000 | 29,897 | ||||||
Taiwan Sakura Corp. |
6,000 | 11,792 | ||||||
Taiwan Shin Kong Security Co. Ltd. |
10,100 | 12,407 | ||||||
Taiwan Styrene Monomer |
23,000 | 9,526 | ||||||
Taiwan Surface Mounting Technology Corp. |
21,518 | 56,254 | ||||||
Taiwan Union Technology Corp. |
19,000 | 26,810 | ||||||
Tatung Co. Ltd. * |
115,000 | 115,185 | ||||||
TCI Co. Ltd. |
5,000 | 19,607 | ||||||
Teco Electric & Machinery Co. Ltd. |
132,000 | 117,037 | ||||||
Test Research, Inc. |
11,000 | 21,550 | ||||||
Thinking Electronic Industrial Co. Ltd. |
4,000 | 14,678 | ||||||
Thye Ming Industrial Co. Ltd. |
8,000 | 8,693 | ||||||
Ton Yi Industrial Corp. |
82,000 | 46,619 | ||||||
Tong Hsing Electronic Industries Ltd. |
8,000 | 41,828 | ||||||
Tong Yang Industry Co. Ltd. |
41,921 | 63,775 | ||||||
Topco Scientific Co. Ltd. |
4,000 | 19,465 | ||||||
Topkey Corp. |
3,000 | 14,788 | ||||||
TPK Holding Co. Ltd. |
34,000 | 33,787 | ||||||
Transcend Information, Inc. |
10,000 | 20,316 | ||||||
Tripod Technology Corp. |
25,000 | 73,546 | ||||||
TSRC Corp. |
26,000 | 21,292 | ||||||
Tung Ho Steel Enterprise Corp. |
58,290 | 90,788 | ||||||
TXC Corp. |
16,000 | 36,234 | ||||||
TYC Brother Industrial Co. Ltd. |
21,000 | 17,330 | ||||||
U-Ming Marine Transport Corp. |
27,000 | 31,040 | ||||||
Union Bank of Taiwan |
201,404 | 94,520 | ||||||
Unitech Printed Circuit Board Corp. * |
71,667 | 44,130 | ||||||
United Microelectronics Corp. * |
614,513 | 691,954 | ||||||
United Microelectronics Corp., |
38,376 | 213,754 | ||||||
Universal Cement Corp. |
46,836 | 30,241 | ||||||
Unizyx Holding Corp. <> |
35,000 | 26,678 | ||||||
UPC Technology Corp. |
80,916 | 31,220 | ||||||
USI Corp. |
77,130 | 49,923 | ||||||
Wah Lee Industrial Corp. |
21,420 | 56,335 | ||||||
Walsin Lihwa Corp. |
156,211 | 199,267 | ||||||
Walsin Technology Corp. |
28,000 | 65,703 | ||||||
Walton Advanced Engineering, Inc. |
34,000 | 12,529 | ||||||
Wan Hai Lines Ltd. |
19,000 | 39,976 | ||||||
Wei Chuan Foods Corp. |
14,000 | 8,643 | ||||||
Weikeng Industrial Co. Ltd. |
32,945 | 26,461 | ||||||
Winbond Electronics Corp. |
331,893 | 206,460 | ||||||
Wisdom Marine Lines Co. Ltd. |
27,019 | 43,998 | ||||||
Wistron Corp. |
287,431 | 240,363 | ||||||
WPG Holdings Ltd. |
168,400 | 246,376 | ||||||
WT Microelectronics Co. Ltd. |
31,265 | 57,904 | ||||||
Yageo Corp. |
8,879 | 75,229 | ||||||
Yang Ming Marine Transport Corp. |
118,000 | 228,574 | ||||||
YC INOX Co. Ltd. |
27,763 | 23,873 | ||||||
Yem Chio Co. Ltd. |
22,666 | 9,959 | ||||||
Yeong Guan Energy Technology Group Co. Ltd. |
7,000 | 13,780 |
SHARES | VALUE | |||||||
YFY, Inc. |
114,385 | $ | 85,386 | |||||
Yieh Phui Enterprise Co. Ltd. |
55,151 | 23,364 | ||||||
Youngtek Electronics Corp. |
12,000 | 21,846 | ||||||
Yuanta Financial Holding Co. Ltd. |
766,327 | 471,879 | ||||||
Yuen Foong Yu Consumer Products Co. Ltd. |
15,000 | 16,937 | ||||||
Yulon Motor Co. Ltd. |
62,371 | 80,643 | ||||||
YungShin Global Holding Corp. |
7,000 | 8,753 | ||||||
Zeng Hsing Industrial Co. Ltd. |
2,000 | 7,874 | ||||||
Zenitron Corp. |
18,000 | 14,797 | ||||||
Zhen Ding Technology Holding Ltd. |
62,000 | 206,999 | ||||||
Zig Sheng Industrial Co. Ltd. |
28,000 | 8,255 | ||||||
Zinwell Corp. * |
24,000 | 13,493 | ||||||
|
|
|||||||
28,351,563 | ||||||||
|
|
|||||||
Tanzania, United Republic Of 0.0% |
| |||||||
AngloGold Ashanti Ltd. |
4,067 | 56,100 | ||||||
|
|
|||||||
Thailand 2.4% |
| |||||||
AP Thailand PCL |
242,500 | 61,075 | ||||||
Bangchak Corp. PCL |
112,900 | 88,297 | ||||||
Bangkok Bank PCL |
48,500 | 175,510 | ||||||
Bangkok Bank PCL, NVDR |
13,300 | 48,130 | ||||||
Bangkok Insurance PCL |
2,100 | 15,644 | ||||||
Bangkok Land PCL |
1,039,700 | 27,012 | ||||||
Banpu PCL |
429,750 | 140,136 | ||||||
Berli Jucker PCL |
64,800 | 56,262 | ||||||
Cal-Comp Electronics Thailand PCL |
286,596 | 16,412 | ||||||
Charoen Pokphand Foods PCL |
322,300 | 213,614 | ||||||
GFPT PCL |
33,300 | 12,978 | ||||||
Indorama Ventures PCL |
93,600 | 96,776 | ||||||
IRPC PCL |
633,100 | 52,367 | ||||||
Italian-Thai Development PCL * |
563,700 | 27,647 | ||||||
Kasikornbank PCL, NVDR |
58,000 | 221,421 | ||||||
Khon Kaen Sugar Industry PCL |
135,600 | 14,092 | ||||||
Kiatnakin Phatra Bank PCL |
21,900 | 39,916 | ||||||
Krung Thai Bank PCL |
204,575 | 90,573 | ||||||
Lanna Resources PCL |
2,500 | 1,306 | ||||||
LH Financial Group PCL |
302,400 | 9,380 | ||||||
LPN Development PCL |
151,700 | 17,535 | ||||||
Polyplex Thailand PCL |
27,000 | 17,466 | ||||||
Power Solution Technologies PCL, Class F * |
224,400 | 10,827 | ||||||
Precious Shipping PCL |
41,900 | 15,551 | ||||||
Property Perfect PCL |
1,000,115 | 10,341 | ||||||
Pruksa Holding PCL |
88,800 | 28,250 | ||||||
PTT Exploration & Production PCL |
101,100 | 430,184 | ||||||
PTT Global Chemical PCL |
116,228 | 127,875 | ||||||
PTT PCL |
883,900 | 808,445 | ||||||
Quality Houses PCL |
338,800 | 19,221 | ||||||
Regional Container Lines PCL |
17,100 | 13,147 | ||||||
Sansiri PCL |
1,106,700 | 33,741 | ||||||
SC Asset Corp. PCL |
188,600 | 18,500 | ||||||
SCB X PCL |
48,100 | 132,619 | ||||||
Siam Cement PCL (The) |
30,900 | 267,057 | ||||||
Siam City Cement PCL |
4,100 | 16,630 | ||||||
Sino-Thai Engineering & Construction PCL |
28,100 | 8,493 | ||||||
Somboon Advance Technology PCL |
20,300 | 10,817 | ||||||
SPCG PCL |
37,500 | 14,813 | ||||||
Sri Trang Agro-Industry PCL |
46,400 | 23,987 | ||||||
Supalai PCL |
139,400 | 69,848 | ||||||
Super Energy Corp. PCL |
759,200 | 13,888 | ||||||
Thai Oil PCL |
78,877 | 107,170 | ||||||
Thai Stanley Electric PCL, NVDR |
3,100 | 14,012 | ||||||
Thai Union Group PCL, Class F |
164,600 | 81,602 | ||||||
Thanachart Capital PCL |
33,100 | 34,004 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Thailand (Continued) |
| |||||||
Thitikorn PCL |
10,500 | $ | 2,603 | |||||
Thoresen Thai Agencies PCL |
37,800 | 7,666 | ||||||
TMBThanachart Bank PCL |
1,537,072 | 49,307 | ||||||
TPI Polene PCL |
676,600 | 30,314 | ||||||
TPI Polene Power PCL |
179,000 | 16,704 | ||||||
True Corp. PCL |
993,600 | 133,024 | ||||||
Unique Engineering & Construction PCL * |
54,500 | 6,502 | ||||||
WHA Corp. PCL |
253,200 | 23,628 | ||||||
|
|
|||||||
4,024,319 | ||||||||
|
|
|||||||
Turkey 0.7% |
| |||||||
Akbank TAS |
340,098 | 207,658 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS |
16,612 | 35,990 | ||||||
Dogan Sirketler Grubu Holding AS |
84,330 | 21,937 | ||||||
Enka Insaat ve Sanayi AS |
66,291 | 60,625 | ||||||
Eregli Demir ve Celik Fabrikalari TAS |
61,749 | 96,779 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D |
19,514 | 12,611 | ||||||
KOC Holding AS |
57,667 | 141,591 | ||||||
TAV Havalimanlari Holding AS * |
7,294 | 24,832 | ||||||
Turk Hava Yollari AO * |
45,492 | 173,696 | ||||||
Turkiye Halk Bankasi AS * |
35,220 | 13,295 | ||||||
Turkiye Is Bankasi, Class C |
152,616 | 62,068 | ||||||
Turkiye Sinai Kalkinma Bankasi AS * |
172,186 | 22,815 | ||||||
Turkiye Sise ve Cam Fabrikalari AS |
75,893 | 104,335 | ||||||
Turkiye Vakiflar Bankasi TAO, Class D * |
80,351 | 30,115 | ||||||
Vestel Elektronik Sanayi ve Ticaret AS |
6,125 | 13,250 | ||||||
Yapi ve Kredi Bankasi AS |
194,984 | 74,554 | ||||||
|
|
|||||||
1,096,151 | ||||||||
|
|
|||||||
United Arab Emirates 1.4% |
| |||||||
Abu Dhabi Commercial Bank PJSC |
181,939 | 446,786 | ||||||
Agthia Group PJSC |
33,252 | 42,910 | ||||||
Air Arabia PJSC |
177,847 | 101,195 | ||||||
Ajman Bank PJSC * |
85,055 | 16,117 | ||||||
Aldar Properties PJSC |
229,175 | 262,674 | ||||||
Amanat Holdings PJSC |
112,633 | 29,131 | ||||||
Dana Gas PJSC |
333,486 | 85,798 | ||||||
Deyaar Development PJSC * |
130,763 | 16,127 | ||||||
Dubai Investments PJSC |
191,176 | 121,271 | ||||||
Dubai Islamic Bank PJSC |
7,056 | 11,488 | ||||||
Emaar Development PJSC * |
84,901 | 106,094 | ||||||
Emaar Properties PJSC |
323,144 | 509,380 | ||||||
Emirates NBD Bank PJSC |
117,080 | 409,593 | ||||||
Manazel PJSC * |
139,614 | 13,988 | ||||||
RAK Properties PJSC * |
114,134 | 23,460 | ||||||
Ras Al Khaimah Ceramics |
60,539 | 48,456 | ||||||
SHUAA Capital PSC * |
182,524 | 18,386 | ||||||
|
|
|||||||
2,262,854 | ||||||||
|
|
|||||||
TOTAL COMMON STOCKS |
164,816,284 | |||||||
|
|
|||||||
PREFERRED STOCKS 1.5% |
| |||||||
Brazil 1.5% |
| |||||||
Banco ABC Brasil SA, 5.498% |
11,102 | 43,014 | ||||||
Banco Bradesco SA, 3.168% |
45,504 | 167,360 | ||||||
Banco do Estado do Rio Grande do Sul SA, Class B, 8.750% |
14,808 | 32,255 | ||||||
Marcopolo SA, 1.280% |
42,283 | 22,653 | ||||||
Petroleo Brasileiro SA, 38.600% |
385,839 | 2,131,490 |
SHARES | VALUE | |||||||
Randon SA Implementos e Participacoes, 7.629% |
9,200 | $ | 16,202 | |||||
Usinas Siderurgicas de Minas Gerais SA, Class A, 10.932% |
29,592 | 41,253 | ||||||
|
|
|||||||
2,454,227 | ||||||||
|
|
|||||||
Colombia 0.0% |
| |||||||
Grupo Argos SA, 8.333% |
12,517 | 16,291 | ||||||
Grupo de Inversiones Suramericana SA, 5.772% |
8,046 | 22,340 | ||||||
|
|
|||||||
38,631 | ||||||||
|
|
|||||||
Philippines 0.0% |
| |||||||
Cebu Air, Inc., 6.000% |
12,909 | 8,213 | ||||||
|
|
|||||||
Taiwan 0.0% |
| |||||||
China Development Financial Holding Corp., 0.024% |
42,970 | 11,098 | ||||||
|
|
|||||||
TOTAL PREFERRED STOCKS |
||||||||
2,512,169 | ||||||||
|
|
|||||||
RIGHTS AND WARRANTS 0.0% |
|
|||||||
Malaysia 0.0% |
| |||||||
Yinson Holdings Bhd * |
11,862 | 1,266 | ||||||
|
|
|||||||
TOTAL RIGHTS AND WARRANTS |
1,266 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 1.6% |
|
|||||||
Investment Company 0.2% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
322,407 | 322,407 | ||||||
|
|
|||||||
Collateral For Securities On Loan 1.4% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 3.030% |
2,299,218 | 2,299,218 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS |
2,621,625 | |||||||
|
|
|||||||
Total Investments 101.3% |
|
169,951,344 | ||||||
Liabilities, Less Cash and Other Assets (1.3%) |
(2,105,185 | ) | ||||||
|
|
|||||||
Net Assets 100.0% | $167,846,159 | |||||||
|
|
| See Note 1 |
* | Non-income producing security |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2022 amounted to $3,762,267 or 2.24% of the net assets of the Fund. |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $3,594,723. |
<> | Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
Key to abbreviations:
ADR American Depository Receipt
GDR Global Depository Receipt
NVDR Non-Voting Depository Receipt
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of September 30, 2022
(As a percentage of net assets) (Unaudited)
Industry |
Percentage | |||
Commercial Banks |
20.9 | % | ||
Oil, Gas & Consumable Fuels |
11.1 | % | ||
Metals & Mining |
7.1 | % | ||
Real Estate Management & Development |
4.6 | % | ||
Insurance |
4.5 | % | ||
Electronic Equipment, Instruments & Components |
4.3 | % | ||
Chemicals |
4.1 | % | ||
Automobiles |
3.5 | % | ||
Semiconductors & Semiconductor Equipment |
3.5 | % | ||
Computers & Peripherals |
3.3 | % |
Country weightings as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Country |
Percentage | |||
China |
30.0 | % | ||
India |
18.7 | % | ||
Taiwan |
17.0 | % | ||
Korea |
11.3 | % | ||
Brazil |
5.5 | % | ||
South Africa |
3.4 | % | ||
Indonesia |
2.5 | % | ||
Mexico |
2.4 | % | ||
Thailand |
2.4 | % | ||
Other |
6.8 | % | ||
|
|
|||
100.0 | % |
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.3% |
| |||||||
Real Estate Investment Trusts (REITs) 99.3% |
| |||||||
Acadia Realty Trust |
9,876 | $ | 124,635 | |||||
Agree Realty Corp. |
9,186 | 620,790 | ||||||
Alexanders, Inc. |
303 | 63,315 | ||||||
Alexandria Real Estate Equities, Inc. |
16,966 | 2,378,464 | ||||||
American Assets Trust, Inc. |
6,032 | 155,143 | ||||||
American Homes 4 Rent., Class A |
35,207 | 1,155,142 | ||||||
American Tower Corp. |
51,348 | 11,024,416 | ||||||
Americold Realty Trust, Inc. |
26,876 | 661,150 | ||||||
Apartment Income REIT Corp. |
16,970 | 655,381 | ||||||
Apartment Investment and Management Co., Class A |
2,272 | 16,586 | ||||||
Apple Hospitality REIT, Inc. |
25,660 | 360,780 | ||||||
AvalonBay Communities, Inc. |
15,280 | 2,814,423 | ||||||
Bluerock Residential Growth REIT, Inc., Class A |
3,300 | 88,275 | ||||||
Boston Properties, Inc. |
16,596 | 1,244,202 | ||||||
Braemar Hotels & Resorts, Inc. |
5,308 | 22,824 | ||||||
Brandywine Realty Trust |
21,014 | 141,845 | ||||||
Brixmor Property Group, Inc. |
32,966 | 608,882 | ||||||
Broadstone Net Lease, Inc. |
3,622 | 56,250 | ||||||
BRT Apartments Corp. |
400 | 8,124 | ||||||
Camden Property Trust |
11,255 | 1,344,410 | ||||||
CareTrust REIT, Inc. |
10,972 | 198,703 | ||||||
Centerspace |
1,825 | 122,859 | ||||||
Chatham Lodging Trust * |
5,496 | 54,246 | ||||||
City Office REIT, Inc. |
5,176 | 51,605 | ||||||
Clipper Realty, Inc. |
1,167 | 8,134 | ||||||
Community Healthcare Trust, Inc. |
2,728 | 89,342 | ||||||
Corporate Office Properties Trust |
13,288 | 308,680 | ||||||
Cousins Properties, Inc. |
17,110 | 399,519 | ||||||
Crown Castle, Inc. |
48,099 | 6,952,710 | ||||||
CTO Realty Growth, Inc. @ |
2,292 | 42,952 | ||||||
CubeSmart |
25,682 | 1,028,821 | ||||||
DiamondRock Hospitality Co. |
25,390 | 190,679 | ||||||
Digital Realty Trust, Inc. |
32,059 | 3,179,612 | ||||||
Douglas Emmett, Inc. |
20,310 | 364,158 | ||||||
Duke Realty Corp. |
42,708 | 2,058,526 | ||||||
Easterly Government Properties, Inc. |
9,677 | 152,606 | ||||||
EastGroup Properties, Inc. |
4,697 | 677,965 | ||||||
EPR Properties |
8,542 | 306,316 | ||||||
Equinix, Inc. |
9,937 | 5,652,563 | ||||||
Equity Commonwealth |
10,158 | 247,449 | ||||||
Equity LifeStyle Properties, Inc. |
19,792 | 1,243,729 | ||||||
Equity Residential |
39,592 | 2,661,374 | ||||||
Esc War Ind *§ |
9,141 | | ||||||
Essential Properties Realty Trust, Inc. |
16,250 | 316,063 | ||||||
Essex Property Trust, Inc. |
7,189 | 1,741,391 | ||||||
Extra Space Storage, Inc. |
14,958 | 2,583,396 | ||||||
Federal Realty OP LP |
8,228 | 741,507 | ||||||
First Industrial Realty Trust, Inc. |
14,902 | 667,759 | ||||||
Four Corners Property Trust, Inc. |
9,280 | 224,483 | ||||||
Gaming and Leisure Properties, Inc. |
28,508 | 1,261,194 | ||||||
Getty Realty Corp. |
3,812 | 102,505 | ||||||
Gladstone Commercial Corp. |
3,518 | 54,529 | ||||||
Global Medical REIT, Inc. |
5,127 | 43,682 | ||||||
Global Net Lease, Inc. |
12,591 | 134,094 | ||||||
Global Self Storage, Inc. |
2,195 | 12,863 | ||||||
Healthcare Realty Trust, Inc., Class A |
42,457 | 885,228 | ||||||
Healthpeak Properties, Inc. |
59,836 | 1,371,441 | ||||||
Hersha Hospitality Trust |
5,542 | 44,225 | ||||||
Highwoods Properties, Inc. |
11,797 | 318,047 | ||||||
Host Hotels & Resorts, Inc. |
79,197 | 1,257,648 | ||||||
Hudson Pacific Properties, Inc. |
17,339 | 189,862 |
SHARES | VALUE | |||||||
Independence Realty Trust, Inc. |
24,425 | $ | 408,630 | |||||
InvenTrust Properties Corp. |
6,885 | 146,857 | ||||||
Invitation Homes, Inc. |
66,487 | 2,245,266 | ||||||
Iron Mountain, Inc. |
32,992 | 1,450,658 | ||||||
JBG SMITH Properties |
13,006 | 241,652 | ||||||
Kilroy Realty Corp. |
11,902 | 501,193 | ||||||
Kimco Realty Corp. |
67,962 | 1,251,180 | ||||||
Kite Realty Group Trust |
25,026 | 430,948 | ||||||
Lamar Advertising Co., Class A |
9,886 | 815,496 | ||||||
Life Storage, Inc. |
9,348 | 1,035,385 | ||||||
LTC Properties, Inc. |
3,972 | 148,751 | ||||||
LXP Industrial Trust |
33,281 | 304,854 | ||||||
Macerich Co. (The) |
25,504 | 202,502 | ||||||
Medical Properties Trust, Inc. |
67,245 | 797,526 | ||||||
Mid-America Apartment Communities, Inc. |
12,796 | 1,984,276 | ||||||
National Health Investors, Inc. |
5,063 | 286,211 | ||||||
National Retail Properties, Inc. |
20,037 | 798,675 | ||||||
National Storage Affiliates Trust |
10,031 | 417,089 | ||||||
Necessity Retail REIT, Inc. |
17,263 | 101,506 | ||||||
NETSTREIT Corp. @ |
7,830 | 139,452 | ||||||
NexPoint Residential Trust, Inc. |
2,800 | 129,388 | ||||||
Omega Healthcare Investors, Inc. |
26,209 | 772,903 | ||||||
One Liberty Properties, Inc. |
1,802 | 37,878 | ||||||
Orion Office REIT, Inc. |
6,753 | 59,089 | ||||||
Outfront Media, Inc. |
16,965 | 257,698 | ||||||
Paramount Group, Inc. |
20,948 | 130,506 | ||||||
Park Hotels & Resorts, Inc. |
26,356 | 296,769 | ||||||
Pebblebrook Hotel Trust |
15,554 | 225,689 | ||||||
Physicians Realty Trust |
25,667 | 386,032 | ||||||
Piedmont Office Realty Trust, Inc., Class A |
13,793 | 145,654 | ||||||
Plymouth Industrial REIT, Inc. |
4,574 | 76,889 | ||||||
Prologis, Inc. |
82,482 | 8,380,171 | ||||||
Public Storage |
17,640 | 5,165,168 | ||||||
Realty Income Corp. |
69,205 | 4,027,731 | ||||||
Regency Centers Corp. |
17,214 | 926,974 | ||||||
Retail Opportunity Investments Corp. |
13,420 | 184,659 | ||||||
Rexford Industrial Realty, Inc. |
18,199 | 946,348 | ||||||
RLJ Lodging Trust |
19,094 | 193,231 | ||||||
RPT Realty |
8,058 | 60,918 | ||||||
Ryman Hospitality Properties, Inc. |
6,010 | 442,276 | ||||||
Sabra Health Care REIT, Inc. |
26,732 | 350,724 | ||||||
Saul Centers, Inc. |
1,636 | 61,350 | ||||||
SBA Communications Corp. |
11,751 | 3,344,922 | ||||||
Seritage Growth Properties, Class A *@ |
2,062 | 18,599 | ||||||
Service Properties Trust |
20,700 | 107,433 | ||||||
Simon Property Group, Inc. |
36,252 | 3,253,617 | ||||||
SITE Centers Corp. |
20,691 | 221,601 | ||||||
SL Green Realty Corp. @ |
7,066 | 283,771 | ||||||
Sotherly Hotels, Inc. * |
3,111 | 5,849 | ||||||
Spirit Realty Capital, Inc. |
14,821 | 535,927 | ||||||
STAG Industrial, Inc. |
20,335 | 578,124 | ||||||
STORE Capital Corp. |
28,385 | 889,302 | ||||||
Summit Hotel Properties, Inc. |
10,209 | 68,604 | ||||||
Sun Communities, Inc. |
13,657 | 1,848,202 | ||||||
Sunstone Hotel Investors, Inc. |
25,032 | 235,801 | ||||||
Tanger Factory Outlet Centers, Inc. |
12,293 | 168,168 | ||||||
Terreno Realty Corp. |
8,376 | 443,844 | ||||||
UDR, Inc. |
36,146 | 1,507,650 | ||||||
UMH Properties, Inc. |
5,369 | 86,709 | ||||||
Universal Health Realty Income Trust |
1,815 | 78,426 | ||||||
Urban Edge Properties |
13,783 | 183,865 | ||||||
Urstadt Biddle Properties, Inc. |
1,000 | 15,780 | ||||||
Urstadt Biddle Properties, Inc., Class A |
3,806 | 59,031 | ||||||
Ventas, Inc. |
44,395 | 1,783,347 | ||||||
Veris Residential, Inc. * |
8,319 | 94,587 | ||||||
VICI Properties, Inc. |
104,910 | 3,131,564 |
The accompanying notes are an integral part of these portfolio of investments.
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Real Estate Investment Trusts (REITs) (Continued) |
| |||||||
Vornado Realty Trust |
18,129 | $ | 419,868 | |||||
Washington Real Estate Investment Trust |
10,445 | 183,414 | ||||||
Welltower, Inc. |
52,885 | 3,401,563 | ||||||
Whitestone REIT |
6,078 | 51,420 | ||||||
WP Carey, Inc. @ |
21,294 | 1,486,321 | ||||||
Xenia Hotels & Resorts, Inc. |
13,264 | 182,911 | ||||||
|
|
|||||||
123,123,874 | ||||||||
|
|
|||||||
TOTAL COMMON STOCKS |
123,123,874 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 0.5% |
| |||||||
Investment Company 0.5% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
547,854 | 547,854 | ||||||
|
|
|||||||
Collateral For Securities On Loan 0.0% |
||||||||
State Street Navigator Securities Lending Government Money Market Portfolio 3.030% |
33,486 | 33,486 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS |
581,340 | |||||||
|
|
|||||||
Total Investments 99.8% |
|
123,705,214 | ||||||
Cash and Other Assets, Less Liabilities 0.2% |
270,775 | |||||||
|
|
|||||||
Net Assets 100.0% |
$ | 123,975,989 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $1,759,680. |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
Key to abbreviations:
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Sector |
Percentage | |||
Specialized REITs |
29.8 | % | ||
Residential REITs |
16.3 | % | ||
Retail REITs |
13.0 | % | ||
Diversified REITs |
12.1 | % | ||
Industrial REITs |
11.2 | % | ||
Health Care REITs |
8.6 | % | ||
Office REITs |
6.0 | % | ||
Hotels & Resorts REITs |
3.0 | % | ||
|
|
|||
100.0 | % |
SA International Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
MUTUAL FUNDS 100.1% |
| |||||||
Others 100.1% |
| |||||||
DFA International Small Company Portfolio £ |
14,011,486 | $ | 211,993,781 | |||||
|
|
|||||||
TOTAL MUTUAL FUNDS |
211,993,781 | |||||||
|
|
|||||||
Total Investments 100.1% |
|
211,993,781 | ||||||
Liabilities, Less Cash and Other Assets (0.1%) |
(128,703 | ) | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 211,865,078 | ||||||
|
|
| See Note 1 |
£ | Please refer to the Portfolio of Investments of the DFA International Small Company Portfolio included elsewhere in this report. |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 97.6% |
| |||||||
Australia 7.3% |
| |||||||
AMP Ltd. * |
59,607 | $ | 41,750 | |||||
Ansell Ltd. |
2,269 | 36,560 | ||||||
Aurizon Holdings Ltd. |
247,637 | 546,483 | ||||||
Australia & New Zealand Banking Group Ltd. |
367,220 | 5,355,544 | ||||||
Bank of Queensland Ltd. @ |
38,836 | 161,718 | ||||||
Beach Energy Ltd. |
184,392 | 175,150 | ||||||
Bendigo & Adelaide Bank Ltd. @ |
20,967 | 104,476 | ||||||
BlueScope Steel Ltd. |
163,249 | 1,586,174 | ||||||
Challenger Ltd. |
76,679 | 286,929 | ||||||
Cleanaway Waste Management Ltd. @ |
162,966 | 282,494 | ||||||
Downer EDI Ltd. |
93,253 | 272,597 | ||||||
Evolution Mining Ltd. |
217,587 | 285,318 | ||||||
Fortescue Metals Group Ltd. |
17,284 | 185,957 | ||||||
Harvey Norman Holdings Ltd. @ |
136,089 | 351,679 | ||||||
Incitec Pivot Ltd. |
255,280 | 573,147 | ||||||
Lendlease Corp. Ltd. |
43,821 | 250,029 | ||||||
National Australia Bank Ltd. |
277,129 | 5,107,021 | ||||||
Newcrest Mining Ltd. |
80,215 | 868,157 | ||||||
Nine Entertainment Co. Holdings Ltd. |
178,284 | 212,683 | ||||||
Orica Ltd. |
35,145 | 297,192 | ||||||
Origin Energy Ltd. |
168,307 | 556,590 | ||||||
OZ Minerals Ltd. @ |
30,495 | 502,868 | ||||||
QBE Insurance Group Ltd. |
41,216 | 303,975 | ||||||
Qube Holdings Ltd. @ |
60,569 | 96,083 | ||||||
Rio Tinto Ltd. |
21,996 | 1,313,973 | ||||||
Santos Ltd. |
447,931 | 2,031,420 | ||||||
Seven Group Holdings Ltd. @ |
3,940 | 42,718 | ||||||
Sonic Healthcare Ltd. |
12,822 | 250,805 | ||||||
South32 Ltd. |
637,438 | 1,480,086 | ||||||
Suncorp Group Ltd. |
186,999 | 1,199,727 | ||||||
Tabcorp Holdings Ltd. |
212,601 | 127,151 | ||||||
TPG Telecom Ltd. @ |
26,524 | 82,285 | ||||||
Treasury Wine Estates Ltd. |
13,295 | 106,897 | ||||||
Viva Energy Group Ltd. ± |
56,360 | 94,092 | ||||||
Westpac Banking Corp. |
382,716 | 5,052,760 | ||||||
Whitehaven Coal Ltd. |
121,581 | 700,701 | ||||||
Woodside Energy Group Ltd. |
151,540 | 3,068,885 | ||||||
Worley Ltd. |
30,039 | 244,600 | ||||||
|
|
|||||||
34,236,674 | ||||||||
|
|
|||||||
Austria 0.0% |
| |||||||
Erste Group Bank AG |
7,953 | 176,464 | ||||||
|
|
|||||||
Belgium 0.6% |
| |||||||
Ageas SA |
21,755 | 798,258 | ||||||
KBC Group NV |
25,395 | 1,211,068 | ||||||
Solvay SA |
9,936 | 775,516 | ||||||
UCB SA |
1,487 | 103,646 | ||||||
|
|
|||||||
2,888,488 | ||||||||
|
|
|||||||
Bermuda 0.0% |
| |||||||
Golden Ocean Group Ltd. |
18,503 | 138,732 | ||||||
|
|
|||||||
Canada 10.3% |
| |||||||
Agnico Eagle Mines Ltd. |
24,874 | 1,050,429 | ||||||
AltaGas Ltd. |
24,518 | 469,469 | ||||||
ARC Resources Ltd. @ |
45,197 | 542,816 | ||||||
Bank of Montreal |
3,107 | 272,317 | ||||||
Bank of Montreal @ |
62,752 | 5,499,585 | ||||||
Bank of Nova Scotia (The) @ |
95,362 | 4,536,370 | ||||||
Bank of Nova Scotia (The) |
22,104 | 1,051,314 | ||||||
Barrick Gold Corp. |
19,319 | 299,432 | ||||||
Barrick Gold Corp. |
124,277 | 1,926,294 | ||||||
Canadian Imperial Bank of Commerce @ |
17,984 | 786,980 | ||||||
Canadian Imperial Bank of Commerce @ |
77,080 | 3,373,697 |
SHARES | VALUE | |||||||
Canadian Natural Resources Ltd. |
61,504 | $ | 2,864,241 | |||||
Cenovus Energy, Inc. @ |
41,371 | 635,872 | ||||||
Fairfax Financial Holdings Ltd. |
4,452 | 2,033,317 | ||||||
First Quantum Minerals Ltd. |
84,695 | 1,437,795 | ||||||
Great-West Lifeco, Inc. |
16,930 | 365,478 | ||||||
iA Financial Corp., Inc. |
14,590 | 741,356 | ||||||
Imperial Oil Ltd. |
27,731 | 1,199,920 | ||||||
Kinross Gold Corp. |
173,331 | 652,493 | ||||||
Lundin Mining Corp. |
146,222 | 738,864 | ||||||
Magna International, Inc. @ |
36,055 | 1,709,728 | ||||||
Manulife Financial Corp. |
133,235 | 2,087,793 | ||||||
MEG Energy Corp. * |
8,690 | 97,258 | ||||||
Nutrien Ltd. |
45,916 | 3,828,476 | ||||||
Saputo, Inc. @ |
6,138 | 146,324 | ||||||
Sun Life Financial, Inc. |
16,524 | 656,994 | ||||||
Suncor Energy, Inc. ¥ |
109,045 | 3,070,801 | ||||||
Suncor Energy, Inc. |
41,675 | 1,173,151 | ||||||
Teck Resources Ltd., Class B |
84,647 | 2,574,115 | ||||||
Toronto-Dominion Bank (The) @ |
6,483 | 397,602 | ||||||
Tourmaline Oil Corp. |
21,322 | 1,108,124 | ||||||
Turquoise Hill Resources Ltd. *@ |
1,819 | 53,788 | ||||||
West Fraser Timber Co. Ltd. @ |
13,116 | 948,841 | ||||||
Whitecap Resources, Inc. |
51,254 | 324,291 | ||||||
|
|
|||||||
48,655,325 | ||||||||
|
|
|||||||
China 0.0% |
| |||||||
Prosus NV * |
1,797 | 95,049 | ||||||
Xinyi Glass Holdings Ltd. |
23,000 | 33,462 | ||||||
|
|
|||||||
128,511 | ||||||||
|
|
|||||||
Denmark 1.7% |
| |||||||
AP MollerMaersk A/S, Class A |
246 | 437,103 | ||||||
AP MollerMaersk A/S, Class B |
372 | 679,863 | ||||||
Carlsberg A/S, Class B |
15,826 | 1,864,533 | ||||||
Chr Hansen Holding A/S |
7,475 | 369,291 | ||||||
Danske Bank A/S |
41,578 | 519,773 | ||||||
Demant A/S * |
6,785 | 168,988 | ||||||
DSV A/S |
16,777 | 1,981,440 | ||||||
Pandora A/S |
771 | 36,494 | ||||||
Tryg A/S |
15,313 | 316,695 | ||||||
Vestas Wind Systems A/S |
84,743 | 1,581,929 | ||||||
|
|
|||||||
7,956,109 | ||||||||
|
|
|||||||
Finland 1.2% |
| |||||||
Nokia Oyj, ADR |
338,897 | 1,447,090 | ||||||
Nordea Bank Abp |
224,183 | 1,933,453 | ||||||
Stora Enso Oyj, R Shares |
77,897 | 999,330 | ||||||
UPM-Kymmene Oyj |
33,074 | 1,056,054 | ||||||
|
|
|||||||
5,435,927 | ||||||||
|
|
|||||||
France 10.3% |
| |||||||
Accor SA * |
6,035 | 127,815 | ||||||
Alstom SA |
7,849 | 128,809 | ||||||
Amundi SA ± |
5,568 | 234,429 | ||||||
Arkema SA |
12,548 | 923,309 | ||||||
AXA SA |
96,903 | 2,134,446 | ||||||
BNP Paribas SA |
92,085 | 3,935,260 | ||||||
Bollore SE |
138,791 | 642,297 | ||||||
Bouygues SA @ |
55,128 | 1,450,657 | ||||||
Carrefour SA |
128,110 | 1,784,753 | ||||||
Cie de Saint-Gobain |
92,022 | 3,341,398 | ||||||
Cie Generale des Etablissements Michelin SCA |
119,912 | 2,721,170 | ||||||
Credit Agricole SA |
62,747 | 514,346 | ||||||
Eiffage SA |
10,100 | 816,825 | ||||||
Electricite de France SA |
76,035 | 886,020 | ||||||
Engie SA |
170,127 | 1,974,452 | ||||||
Euroapi SA * |
1,502 | 25,084 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
France (Continued) |
| |||||||
Faurecia SE * |
4,468 | $ | 48,189 | |||||
Orange SA |
322,578 | 2,923,687 | ||||||
Publicis Groupe SA * |
29,051 | 1,392,253 | ||||||
Renault SA * |
21,069 | 577,543 | ||||||
Rexel SA * |
12,237 | 185,650 | ||||||
Sanofi |
34,561 | 2,655,527 | ||||||
Societe Generale SA |
88,773 | 1,776,146 | ||||||
TotalEnergies SE @ |
357,966 | 16,936,058 | ||||||
Vinci SA |
2,407 | 196,196 | ||||||
Vivendi SE |
18,206 | 142,243 | ||||||
Worldline SA *± |
3,145 | 125,386 | ||||||
|
|
|||||||
48,599,948 | ||||||||
|
|
|||||||
Germany 5.5% |
| |||||||
Allianz SE |
9,170 | 1,454,106 | ||||||
BASF SE |
75,282 | 2,921,693 | ||||||
Bayer AG |
30,654 | 1,424,463 | ||||||
Bayerische Motoren Werke AG |
53,296 | 3,655,770 | ||||||
Commerzbank AG * |
168,835 | 1,214,857 | ||||||
Continental AG |
6,941 | 312,576 | ||||||
Covestro AG ± |
24,283 | 703,009 | ||||||
Daimler Truck Holding AG * |
67,992 | 1,555,940 | ||||||
Deutsche Bank AG |
46,122 | 345,614 | ||||||
Deutsche Bank AG |
92,725 | 686,165 | ||||||
Evonik Industries AG |
12,943 | 218,813 | ||||||
Fresenius Medical Care AG & Co. KGaA |
7,008 | 199,384 | ||||||
Fresenius SE & Co. KGaA |
42,320 | 910,392 | ||||||
HeidelbergCement AG |
25,898 | 1,036,828 | ||||||
Mercedes-Benz Group AG |
135,985 | 6,976,795 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |
1,590 | 385,674 | ||||||
Siemens Energy AG * |
13,742 | 153,331 | ||||||
Talanx AG * |
12,026 | 429,013 | ||||||
Telefonica Deutschland Holding AG |
207,880 | 422,338 | ||||||
Vitesco Technologies Group AG Class A * |
911 | 44,731 | ||||||
Volkswagen AG |
6,122 | 1,011,878 | ||||||
|
|
|||||||
26,063,370 | ||||||||
|
|
|||||||
Hong Kong 2.3% |
| |||||||
BOC Aviation Ltd. ± |
19,500 | 138,493 | ||||||
BOC Hong Kong Holdings Ltd. |
285,000 | 949,437 | ||||||
Cathay Pacific Airways Ltd. *@ |
230,363 | 242,992 | ||||||
CK Asset Holdings Ltd. |
200,569 | 1,206,023 | ||||||
CK Hutchison Holdings Ltd. |
336,624 | 1,861,164 | ||||||
CK Infrastructure Holdings Ltd. |
24,000 | 122,451 | ||||||
Hang Lung Properties Ltd. |
239,000 | 392,160 | ||||||
Hang Seng Bank Ltd. |
32,600 | 495,044 | ||||||
Henderson Land Development Co. Ltd. |
133,684 | 374,673 | ||||||
MTR Corp. Ltd. |
126,669 | 581,735 | ||||||
New World Development Co. Ltd. |
231,859 | 658,686 | ||||||
Sino Land Co. Ltd. |
453,420 | 599,581 | ||||||
Sun Hung Kai Properties Ltd. |
182,177 | 2,015,641 | ||||||
Swire Pacific Ltd., Class A |
49,000 | 366,736 | ||||||
Swire Pacific Ltd., Class B |
127,500 | 148,946 | ||||||
Tsim Sha Tsui Properties Ltd. |
6,907 | 19,534 | ||||||
WH Group Ltd. ± |
1,342,459 | 846,557 | ||||||
|
|
|||||||
11,019,853 | ||||||||
|
|
|||||||
Ireland 0.4% |
| |||||||
AIB Group PLC |
31,002 | 75,533 |
SHARES | VALUE | |||||||
Bank of Ireland Group PLC |
56,367 | $ | 363,827 | |||||
CRH PLC, ADR @ |
40,650 | 1,310,150 | ||||||
Flutter Entertainment PLC * |
3,025 | 335,662 | ||||||
|
|
|||||||
2,085,172 | ||||||||
|
|
|||||||
Israel 0.5% |
| |||||||
Bank Hapoalim B.M. |
96,782 | 820,934 | ||||||
Harel Insurance Investments & Financial Services Ltd. |
13,270 | 117,211 | ||||||
Israel Discount Bank Ltd., Class A |
123,630 | 626,082 | ||||||
Migdal Insurance & Financial Holding Ltd. |
22,264 | 29,773 | ||||||
Phoenix Holdings Ltd. (The) |
20,373 | 194,061 | ||||||
Teva Pharmaceutical Industries Ltd., ADR * |
62,581 | 505,029 | ||||||
|
|
|||||||
2,293,090 | ||||||||
|
|
|||||||
Italy 1.2% |
| |||||||
Eni SpA @ |
139,109 | 1,487,401 | ||||||
Intesa Sanpaolo SpA |
1,039,975 | 1,735,541 | ||||||
Mediobanca Banca di Credito Finanziario SpA |
37,683 | 297,666 | ||||||
Telecom Italia SpA *@ |
2,860,918 | 533,571 | ||||||
UniCredit SpA |
163,283 | 1,673,547 | ||||||
|
|
|||||||
5,727,726 | ||||||||
|
|
|||||||
Japan 20.4% |
| |||||||
AGC, Inc. |
48,500 | 1,504,629 | ||||||
Air Water, Inc. |
11,200 | 132,174 | ||||||
Aisin Corp. |
22,500 | 576,764 | ||||||
Alfresa Holdings Corp. @ |
7,700 | 89,912 | ||||||
Alps Alpine Co. Ltd. @ |
27,500 | 198,749 | ||||||
Amada Co. Ltd. |
37,100 | 251,469 | ||||||
Aozora Bank Ltd. @ |
14,700 | 262,250 | ||||||
Asahi Group Holdings Ltd. |
20,700 | 641,324 | ||||||
Asahi Kasei Corp. |
145,500 | 960,583 | ||||||
Bank of Kyoto Ltd. (The) |
8,000 | 292,407 | ||||||
Bridgestone Corp. |
30,800 | 993,610 | ||||||
Brother Industries Ltd. |
32,400 | 557,648 | ||||||
Canon Marketing Japan, Inc. |
12,000 | 265,322 | ||||||
Canon, Inc. |
33,500 | 734,209 | ||||||
Chiba Bank Ltd. (The) |
79,000 | 425,212 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. |
13,975 | 135,569 | ||||||
Concordia Financial Group Ltd. |
111,200 | 343,442 | ||||||
Cosmo Energy Holdings Co. Ltd. |
11,900 | 305,044 | ||||||
Dai-ichi Life Holdings, Inc. |
69,900 | 1,106,963 | ||||||
Daicel Corp. |
52,000 | 305,756 | ||||||
Daiwa House Industry Co. Ltd. |
34,600 | 703,690 | ||||||
Daiwa Securities Group, Inc. @ |
214,000 | 837,488 | ||||||
Denka Co. Ltd. |
16,200 | 355,386 | ||||||
DIC Corp. |
16,000 | 266,095 | ||||||
Dowa Holdings Co. Ltd. |
9,600 | 344,255 | ||||||
ENEOS Holdings, Inc. |
470,600 | 1,512,306 | ||||||
Ezaki Glico Co. Ltd. |
3,000 | 73,896 | ||||||
FUJIFILM Holdings Corp. |
6,200 | 283,119 | ||||||
Fujikura Ltd. |
10,500 | 62,537 | ||||||
Fukuoka Financial Group, Inc. |
18,000 | 319,132 | ||||||
Hankyu Hanshin Holdings, Inc. |
31,900 | 958,785 | ||||||
Haseko Corp. |
22,300 | 242,060 | ||||||
Hino Motors Ltd. |
37,400 | 154,014 | ||||||
Hitachi Construction Machinery Co. Ltd. |
8,000 | 147,917 | ||||||
Hitachi Ltd. |
10,400 | 439,339 | ||||||
Honda Motor Co. Ltd. |
185,900 | 4,029,353 | ||||||
House Foods Group, Inc. |
2,800 | 55,853 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Japan (Continued) |
| |||||||
Idemitsu Kosan Co. Ltd. @ |
29,400 | $ | 636,834 | |||||
IHI Corp. |
6,000 | 128,515 | ||||||
Iida Group Holdings Co. Ltd. |
36,900 | 500,482 | ||||||
INFRONEER Holdings, Inc. |
12,800 | 87,025 | ||||||
Inpex Corp. |
144,500 | 1,356,840 | ||||||
Isuzu Motors Ltd. |
67,000 | 739,301 | ||||||
ITOCHU Corp. |
18,000 | 435,418 | ||||||
Iwatani Corp. |
4,900 | 184,516 | ||||||
J. Front Retailing Co. Ltd. |
35,100 | 285,204 | ||||||
Japan Post Holdings Co. Ltd. |
71,600 | 473,788 | ||||||
Japan Post Insurance Co. Ltd. |
4,500 | 62,993 | ||||||
JFE Holdings, Inc. |
44,000 | 407,683 | ||||||
JTEKT Corp. |
43,200 | 273,414 | ||||||
Ks Holdings Corp. |
32,000 | 264,216 | ||||||
Kajima Corp. |
54,000 | 512,278 | ||||||
Kamigumi Co. Ltd. |
15,700 | 290,070 | ||||||
Kaneka Corp. |
16,000 | 399,088 | ||||||
Kawasaki Heavy Industries Ltd. @ |
32,800 | 495,637 | ||||||
Komatsu Ltd. |
42,600 | 768,525 | ||||||
Kuraray Co. Ltd. |
76,400 | 533,686 | ||||||
LIXIL Corp. |
38,200 | 559,288 | ||||||
Mabuchi Motor Co. Ltd. |
5,100 | 138,485 | ||||||
Makita Corp. |
7,800 | 150,848 | ||||||
Marubeni Corp. |
109,400 | 958,469 | ||||||
Mazda Motor Corp. |
65,100 | 430,012 | ||||||
Mebuki Financial Group, Inc. |
83,070 | 161,858 | ||||||
Medipal Holdings Corp. |
25,300 | 322,172 | ||||||
Mitsubishi Chemical Group Corp. |
185,800 | 849,342 | ||||||
Mitsubishi Corp. @ |
105,400 | 2,889,706 | ||||||
Mitsubishi Electric Corp. |
129,700 | 1,169,030 | ||||||
Mitsubishi Gas Chemical Co., Inc. |
36,300 | 475,539 | ||||||
Mitsubishi Heavy Industries Ltd. |
39,200 | 1,301,701 | ||||||
Mitsubishi Logistics Corp. |
2,500 | 58,903 | ||||||
Mitsubishi Materials Corp. |
21,600 | 296,845 | ||||||
Mitsubishi Motors Corp. * |
41,900 | 149,963 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
206,400 | 929,107 | ||||||
Mitsubishi UFJ Financial Group, Inc., ADR |
464,844 | 2,091,798 | ||||||
Mitsui Chemicals, Inc. |
47,200 | 919,345 | ||||||
Mitsui Fudosan Co. Ltd. |
54,100 | 1,029,631 | ||||||
Mitsui OSK Lines Ltd. @ |
30,300 | 544,743 | ||||||
Mizuho Financial Group, Inc. |
107,740 | 1,163,157 | ||||||
MS&AD Insurance Group Holdings, Inc. |
24,728 | 655,404 | ||||||
NEC Corp. |
35,800 | 1,144,027 | ||||||
NGK Insulators Ltd. |
22,300 | 277,344 | ||||||
NGK Spark Plug Co. Ltd. |
10,600 | 187,640 | ||||||
NH Foods Ltd. |
15,533 | 408,904 | ||||||
Nippon Electric Glass Co. Ltd. |
11,500 | 198,090 | ||||||
Nippon Express Holdings, Inc. |
15,900 | 808,568 | ||||||
Nippon Shokubai Co. Ltd. |
4,600 | 171,630 | ||||||
Nippon Steel Corp. |
60,327 | 836,358 | ||||||
Nippon Yusen KK @ |
30,300 | 516,480 | ||||||
Nissan Motor Co. Ltd. |
222,800 | 708,440 | ||||||
Nisshin Seifun Group, Inc. |
3,900 | 39,558 | ||||||
Nomura Holdings, Inc. |
175,700 | 580,770 | ||||||
Nomura Real Estate Holdings, Inc. |
23,700 | 536,292 | ||||||
NSK Ltd. @ |
59,600 | 291,144 | ||||||
Obayashi Corp. |
72,500 | 464,866 | ||||||
Oji Holdings Corp. |
226,000 | 840,102 | ||||||
Otsuka Holdings Co. Ltd. |
13,300 | 421,248 | ||||||
Panasonic Holdings Corp. @ |
168,500 | 1,181,118 | ||||||
Resona Holdings, Inc. |
246,400 | 898,910 | ||||||
Ricoh Co. Ltd. |
41,800 | 304,987 | ||||||
Rohm Co. Ltd. |
4,700 | 307,207 |
SHARES | VALUE | |||||||
Santen Pharmaceutical Co. Ltd. |
30,800 | $ | 207,490 | |||||
SBI Holdings, Inc. |
9,400 | 168,606 | ||||||
Seiko Epson Corp. |
29,400 | 400,180 | ||||||
Seino Holdings Co. Ltd. |
20,400 | 163,504 | ||||||
Sekisui Chemical Co. Ltd. |
16,000 | 195,454 | ||||||
Sekisui House Ltd. |
81,800 | 1,357,022 | ||||||
Seven & i Holdings Co. Ltd. |
5,200 | 208,604 | ||||||
Shimizu Corp. |
68,400 | 335,076 | ||||||
Shizuoka Bank Ltd. (The) *<> |
58,000 | 356,263 | ||||||
Showa Denko KK |
14,000 | 198,687 | ||||||
Sohgo Security Services Co., Ltd. |
2,400 | 60,361 | ||||||
Sojitz Corp. |
35,820 | 525,680 | ||||||
Sompo Holdings, Inc. |
33,043 | 1,315,510 | ||||||
Stanley Electric Co. Ltd. |
11,500 | 179,894 | ||||||
Subaru Corp. |
78,600 | 1,176,855 | ||||||
Sumitomo Chemical Co. Ltd. |
471,000 | 1,617,405 | ||||||
Sumitomo Corp. |
59,000 | 734,799 | ||||||
Sumitomo Electric Industries Ltd. |
164,200 | 1,660,947 | ||||||
Sumitomo Forestry Co. Ltd. |
33,800 | 514,952 | ||||||
Sumitomo Heavy Industries Ltd. |
26,000 | 480,191 | ||||||
Sumitomo Metal Mining Co. Ltd. |
29,600 | 850,798 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
71,100 | 1,976,829 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. |
24,900 | 705,210 | ||||||
Sumitomo Pharma Co. Ltd. |
19,400 | 138,198 | ||||||
Sumitomo Realty & Development Co. Ltd. |
25,600 | 581,585 | ||||||
Sumitomo Rubber Industries Ltd. |
42,800 | 340,377 | ||||||
Suzuken Co. Ltd. |
1,100 | 25,119 | ||||||
Suzuki Motor Corp. |
27,300 | 845,238 | ||||||
T&D Holdings, Inc. |
77,400 | 731,056 | ||||||
Taiheiyo Cement Corp. |
25,000 | 352,035 | ||||||
Taisei Corp. |
7,200 | 199,986 | ||||||
Takeda Pharmaceutical Co. Ltd. |
141,973 | 3,695,241 | ||||||
TDK Corp. |
21,400 | 658,723 | ||||||
Teijin Ltd. |
53,199 | 515,339 | ||||||
THK Co. Ltd. |
3,200 | 55,187 | ||||||
Toda Corp. @ |
28,000 | 143,937 | ||||||
Tokai Carbon Co. Ltd. |
21,300 | 144,080 | ||||||
Tokyo Tatemono Co. Ltd. |
37,600 | 534,656 | ||||||
Tokyu Fudosan Holdings Corp. |
132,300 | 686,501 | ||||||
Toray Industries, Inc. |
166,100 | 816,900 | ||||||
Tosoh Corp. |
58,300 | 648,539 | ||||||
Toyo Seikan Group Holdings Ltd. |
30,500 | 367,526 | ||||||
Toyo Tire Corp. |
3,700 | 40,137 | ||||||
Toyoda Gosei Co. Ltd. |
15,300 | 230,985 | ||||||
Toyota Boshoku Corp. |
3,600 | 44,077 | ||||||
Toyota Motor Corp. |
577,450 | 7,484,946 | ||||||
Toyota Tsusho Corp. |
32,500 | 1,006,011 | ||||||
Tsuruha Holdings, Inc. |
1,000 | 58,661 | ||||||
UBE Corp. |
24,700 | 329,720 | ||||||
Yamada Holdings Co. Ltd. |
93,100 | 306,195 | ||||||
Yamaha Motor Co. Ltd. |
37,200 | 695,781 | ||||||
Yamazaki Baking Co. Ltd. |
11,300 | 129,841 | ||||||
Yokohama Rubber Co. Ltd. (The) |
27,600 | 422,591 | ||||||
Z Holdings Corp. |
67,600 | 177,583 | ||||||
Zeon Corp. |
28,500 | 251,662 | ||||||
|
|
|||||||
96,121,533 | ||||||||
|
|
|||||||
Netherlands 4.3% |
| |||||||
ABN AMRO Group NV GDR ± |
42,957 | 388,499 | ||||||
Aegon NV |
149,418 | 600,685 | ||||||
Akzo Nobel NV |
20,561 | 1,175,195 | ||||||
ArcelorMittal SA @ |
60,669 | 1,207,920 | ||||||
ArcelorMittal SA = |
1,708 | 34,592 | ||||||
ASR Nederland NV |
2,953 | 114,519 | ||||||
Coca-Cola Europacific Partners PLC |
11,100 | 481,920 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Netherlands (Continued) |
| |||||||
Heineken NV |
3,239 | $ | 285,250 | |||||
ING Groep NV |
253,754 | 2,202,911 | ||||||
JDE Peets NV |
7,435 | 218,163 | ||||||
Koninklijke Ahold Delhaize NV |
202,103 | 5,176,587 | ||||||
Koninklijke DSM NV |
15,922 | 1,832,732 | ||||||
Koninklijke KPN NV |
238,229 | 647,196 | ||||||
Koninklijke Philips NV @¢ |
33,065 | 518,486 | ||||||
Koninklijke Philips NV |
13,461 | 207,165 | ||||||
NN Group NV |
35,104 | 1,375,115 | ||||||
OCI NV |
3,580 | 131,782 | ||||||
Randstad NV @ |
16,773 | 732,823 | ||||||
Stellantis NV |
191,757 | 2,306,295 | ||||||
Stellantis NV @ |
56,317 | 666,793 | ||||||
|
|
|||||||
20,304,628 | ||||||||
|
|
|||||||
New Zealand 0.3% |
| |||||||
Auckland International Airport Ltd. * |
143,857 | 579,669 | ||||||
EBOS Group Ltd. |
16,635 | 350,141 | ||||||
Fletcher Building Ltd. |
87,592 | 237,261 | ||||||
Ryman Healthcare Ltd. |
16,629 | 79,570 | ||||||
Summerset Group Holdings Ltd. |
14,300 | 86,272 | ||||||
|
|
|||||||
1,332,913 | ||||||||
|
|
|||||||
Norway 0.8% |
| |||||||
Aker ASA, A Shares |
1,271 | 82,410 | ||||||
Austevoll Seafood ASA |
4,118 | 27,892 | ||||||
DNB Bank ASA |
96,212 | 1,527,322 | ||||||
Elkem ASA ±* |
36,022 | 116,385 | ||||||
Norsk Hydro ASA |
156,773 | 847,180 | ||||||
Schibsted ASA, Class A |
1,169 | 15,868 | ||||||
SpareBank 1 SR-Bank ASA |
18,440 | 172,740 | ||||||
Storebrand ASA |
56,200 | 389,480 | ||||||
Subsea 7 SA |
28,831 | 229,038 | ||||||
Wallenius Wilhelmsen ASA |
13,553 | 67,588 | ||||||
Yara International ASA |
14,514 | 510,926 | ||||||
|
|
|||||||
3,986,829 | ||||||||
|
|
|||||||
Portugal 0.2% |
| |||||||
EDP Renovaveis SA |
27,349 | 563,943 | ||||||
Galp Energia SGPS SA @ |
16,108 | 155,088 | ||||||
|
|
|||||||
719,031 | ||||||||
|
|
|||||||
Singapore 1.1% |
| |||||||
Capitaland Investment Ltd. |
184,100 | 444,788 | ||||||
City Developments Ltd. |
58,800 | 311,144 | ||||||
Frasers Property Ltd. |
23,300 | 15,898 | ||||||
Hongkong Land Holdings Ltd. |
101,200 | 447,304 | ||||||
Keppel Corp. Ltd. |
311,700 | 1,508,313 | ||||||
Olam Group Ltd. |
94,300 | 86,011 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
67,249 | 553,912 | ||||||
Singapore Airlines Ltd. *@ |
195,249 | 693,312 | ||||||
UOL Group Ltd. |
47,218 | 218,625 | ||||||
Wilmar International Ltd. |
253,300 | 677,230 | ||||||
|
|
|||||||
4,956,537 | ||||||||
|
|
|||||||
Spain 2.1% |
| |||||||
Banco Bilbao Vizcaya Argentaria SA |
228,555 | 1,034,971 | ||||||
Banco Bilbao Vizcaya Argentaria SA, ADR |
210,800 | 938,060 | ||||||
Banco Santander SA |
1,916,252 | 4,502,560 | ||||||
Banco Santander SA, ADR |
210,864 | 489,204 | ||||||
CaixaBank SA |
120,960 | 392,509 |
SHARES | VALUE | |||||||
Repsol SA * |
203,118 | $ | 2,349,972 | |||||
|
|
|||||||
9,707,276 | ||||||||
|
|
|||||||
Sweden 2.6% |
| |||||||
BillerudKorsnas AB |
26,684 | 315,948 | ||||||
Boliden AB * |
52,582 | 1,641,996 | ||||||
Dometic Group AB ± |
22,074 | 114,849 | ||||||
Electrolux AB, Class B @ |
19,353 | 202,674 | ||||||
Essity AB, B Shares |
3,803 | 75,665 | ||||||
Holmen AB, B Shares |
11,612 | 444,175 | ||||||
Husqvarna AB, B Shares @ |
21,106 | 118,104 | ||||||
Intrum AB |
4,926 | 62,431 | ||||||
Loomis AB |
2,004 | 49,515 | ||||||
Millicom International Cellular SA, SDR * |
14,863 | 171,764 | ||||||
Peab AB Class B |
24,592 | 118,443 | ||||||
Saab AB Class B |
4,192 | 131,302 | ||||||
Securitas AB B Shares @ |
28,869 | 201,866 | ||||||
Skandinaviska Enskilda Banken AB, Class A |
140,768 | 1,354,703 | ||||||
Skanska AB, B Shares |
40,249 | 505,939 | ||||||
SKF AB, B Shares @ |
64,782 | 877,077 | ||||||
SSAB AB, A Shares |
29,362 | 130,834 | ||||||
SSAB AB, B Shares |
84,454 | 364,066 | ||||||
Svenska Cellulosa AB SCA, A Shares |
244 | 3,135 | ||||||
Svenska Cellulosa AB SCA, B Shares |
33,674 | 430,876 | ||||||
Svenska Handelsbanken AB, A Shares |
66,999 | 553,130 | ||||||
Svenska Handelsbanken AB, B Shares @ |
1,918 | 18,838 | ||||||
Swedbank AB, A Shares |
38,879 | 514,468 | ||||||
Telefonaktiebolaget LM Ericsson, B Shares @ |
64,322 | 379,580 | ||||||
Telia Co. AB @ |
304,898 | 879,996 | ||||||
Trelleborg AB, B Shares |
32,833 | 621,001 | ||||||
Volvo AB, A Shares |
17,414 | 258,598 | ||||||
Volvo AB, B Shares |
104,968 | 1,495,212 | ||||||
|
|
|||||||
12,036,185 | ||||||||
|
|
|||||||
Switzerland 9.4% |
| |||||||
ABB Ltd. |
29,520 | 771,882 | ||||||
Alcon, Inc. µ |
30,384 | 1,790,337 | ||||||
Alcon, Inc. |
1,965 | 114,324 | ||||||
Baloise Holding AG |
6,063 | 778,537 | ||||||
Cie Financiere Richemont SA, Class A |
42,798 | 4,089,384 | ||||||
Credit Suisse Group AG * |
129,912 | 523,493 | ||||||
Credit Suisse Group AG, ADR *@ |
15,888 | 62,281 | ||||||
Holcim AG * |
72,351 | 3,004,909 | ||||||
Julius Baer Group Ltd. * |
38,000 | 1,675,281 | ||||||
Novartis AG |
122,351 | 9,365,735 | ||||||
Novartis AG, ADR @ |
32,730 | 2,487,807 | ||||||
SIG Group AG @* |
33,586 | 686,901 | ||||||
Swatch Group AG (The) µ |
6,226 | 263,502 | ||||||
Swatch Group AG (The) µ |
1,834 | 417,283 | ||||||
Swiss Life Holding AG |
4,035 | 1,793,197 | ||||||
Swiss Prime Site AG * |
1,574 | 126,022 | ||||||
Swiss Re AG |
23,316 | 1,728,792 | ||||||
Swisscom AG |
4,128 | 1,939,118 | ||||||
UBS Group AG |
364,408 | 5,345,907 | ||||||
Zurich Insurance Group AG |
17,812 | 7,130,577 | ||||||
|
|
|||||||
44,095,269 | ||||||||
|
|
|||||||
United Kingdom 15.1% |
| |||||||
Anglo American PLC |
80,657 | 2,463,525 | ||||||
Associated British Foods PLC |
15,246 | 214,744 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
United Kingdom (Continued) |
| |||||||
Aviva PLC |
449,065 | $ | 1,946,448 | |||||
Barclays PLC, ADR |
330,258 | 2,113,651 | ||||||
Barratt Developments PLC |
47,310 | 180,764 | ||||||
Bellway PLC |
1,481 | 28,161 | ||||||
Berkeley Group Holdings PLC |
878 | 32,322 | ||||||
BP PLC |
350,960 | 1,697,165 | ||||||
BP PLC, ADR |
131,324 | 3,749,300 | ||||||
British American Tobacco PLC |
183,504 | 6,610,820 | ||||||
British American Tobacco PLC, ADR |
2,004 | 71,142 | ||||||
BT Group PLC |
1,231,112 | 1,668,075 | ||||||
Direct Line Insurance Group PLC |
46,142 | 95,569 | ||||||
DS Smith PLC |
127,033 | 364,384 | ||||||
Endeavour Mining PLC |
15,498 | 285,872 | ||||||
Glencore PLC * |
1,163,787 | 6,213,207 | ||||||
HSBC Holdings PLC, ADR @ |
212,695 | 5,544,959 | ||||||
J Sainsbury PLC |
422,622 | 822,484 | ||||||
Johnson Matthey PLC |
6,038 | 123,542 | ||||||
Kingfisher PLC |
420,977 | 1,035,972 | ||||||
Lloyds Banking Group PLC |
8,264,877 | 3,819,530 | ||||||
Lloyds Banking Group PLC, ADR |
217,015 | 388,457 | ||||||
Marks & Spencer Group PLC * |
28,538 | 31,443 | ||||||
Melrose Industries PLC |
316,251 | 360,878 | ||||||
NatWest Group PLC |
98,002 | 247,189 | ||||||
Natwest Group PLC, ADR @ |
107,133 | 534,594 | ||||||
Pearson PLC |
17,918 | 173,415 | ||||||
Pearson PLC, ADR @ |
5,700 | 54,435 | ||||||
Phoenix Group Holdings PLC |
42,251 | 248,520 | ||||||
Royal Mail PLC |
63,477 | 130,729 | ||||||
Shell PLC, ADR |
460,830 | 22,930,901 | ||||||
Standard Chartered PLC |
186,070 | 1,177,564 | ||||||
Taylor Wimpey PLC |
139,975 | 138,003 | ||||||
Tesco PLC |
565,145 | 1,304,934 | ||||||
Vodafone Group PLC |
3,758,387 | 4,243,427 | ||||||
|
|
|||||||
71,046,125 | ||||||||
|
|
|||||||
United States 0.0% |
||||||||
Sims Ltd. |
14,609 | 125,031 | ||||||
|
|
|||||||
TOTAL COMMON STOCKS |
|
459,836,746 | ||||||
|
|
|||||||
PREFERRED STOCKS 1.2% |
|
|||||||
Germany 1.2% |
||||||||
Bayerische Motoren Werke AG, 8.792% |
9,731 | 638,016 | ||||||
Henkel AG & Co. KGaA, 3.044% |
2,169 | 129,712 | ||||||
Porsche Automobil Holding SE, 4.425% |
17,284 | 985,183 | ||||||
Volkswagen AG, 6.014% |
30,282 | 3,751,284 | ||||||
|
|
|||||||
5,504,195 | ||||||||
|
|
|||||||
Italy 0.0% |
||||||||
Telecom Italia SpA, 6.500% * |
711,381 | 128,980 | ||||||
|
|
|||||||
TOTAL PREFERRED STOCKS |
|
5,633,175 | ||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 5.0% |
| |||||||
Investment Company 0.1% |
||||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
345,444 | 345,444 | ||||||
|
|
|||||||
Collateral For Securities On Loan 4.9% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 3.030% |
23,096,995 | 23,096,995 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS |
|
23,442,439 | ||||||
|
|
VALUE | ||||||||
Total Investments 103.8% |
|
$ | 488,912,360 | |||||
Liabilities, Less Cash and Other Assets (3.8%) |
|
(17,726,053 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
$ | 471,186,307 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $41,018,814. |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2022 amounted to $2,761,699 or 0.59% of the net assets of the Fund. |
<> | Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
¥ | Traded on the Canada, Toronto Stock Exchange. |
= | Traded on the France, Euronext Paris Exchange. |
¢ | Traded on the Netherlands, Euronext Amsterdam Stock Market. |
µ | Traded on the Switzerland, Swiss Exchange. |
Key to abbreviations:
ADR American Depository Receipt
SDR Swedish Depository Receipt
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of September 30, 2022
(As a percentage of net assets) (Unaudited)
Industry |
Percentage | |||
Commercial Banks |
18.8 | % | ||
Oil, Gas & Consumable Fuels |
14.9 | % | ||
Automobiles |
7.8 | % | ||
Insurance |
7.2 | % | ||
Metals & Mining |
6.6 | % | ||
Chemicals |
5.2 | % | ||
Pharmaceuticals |
4.5 | % | ||
Real Estate Management & Development |
2.5 | % | ||
Capital Markets |
2.2 | % | ||
Auto Components |
2.1 | % |
Country weightings as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Country |
Percentage | |||
Japan |
20.5 | % | ||
United Kingdom |
15.3 | % | ||
Canada |
10.5 | % | ||
France |
10.4 | % | ||
Switzerland |
9.5 | % | ||
Australia |
7.4 | % | ||
Germany |
6.8 | % | ||
Netherlands |
4.4 | % | ||
Sweden |
2.6 | % | ||
Other |
12.6 | % | ||
|
|
|||
100.0 | % |
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.7% |
| |||||||
Aerospace & Defense 1.5% |
| |||||||
AAR Corp. * |
4,010 | $ | 143,638 | |||||
Aerojet Rocketdyne Holdings, Inc. * |
13,783 | 551,182 | ||||||
Aerovironment, Inc. * |
2,697 | 224,822 | ||||||
Astronics Corp. Class B * |
693 | 5,891 | ||||||
Axon Enterprise, Inc. * |
4,947 | 572,615 | ||||||
BWX Technologies, Inc. |
3,927 | 197,803 | ||||||
Curtiss-Wright Corp. |
2,577 | 358,615 | ||||||
Ducommun, Inc. * |
1,489 | 59,054 | ||||||
Hexcel Corp. |
5,671 | 293,304 | ||||||
Innovative Solutions & Support, Inc. * |
3,248 | 28,030 | ||||||
Kaman Corp. |
3,031 | 84,656 | ||||||
Kratos Defense & Security Solutions, Inc. * |
11,721 | 119,085 | ||||||
Mercury Systems, Inc. * |
4,277 | 173,646 | ||||||
Moog, Inc., Class A |
3,044 | 214,146 | ||||||
National Presto Industries, Inc. |
709 | 46,121 | ||||||
Park Aerospace Corp. |
2,501 | 27,611 | ||||||
SIFCO Industries, Inc. * |
1,187 | 3,644 | ||||||
Textron, Inc. |
10,503 | 611,905 | ||||||
V2X, Inc. * |
1,491 | 52,781 | ||||||
Woodward, Inc. |
4,322 | 346,884 | ||||||
|
|
|||||||
4,115,433 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.4% |
| |||||||
Air Transport Services Group, Inc. * |
8,228 | 198,212 | ||||||
Atlas Air Worldwide Holdings, Inc. * |
3,175 | 303,435 | ||||||
Forward Air Corp. |
3,327 | 300,295 | ||||||
HUB Group, Inc., Class A * |
4,420 | 304,892 | ||||||
Radiant Logistics, Inc. * |
6,146 | 34,971 | ||||||
|
|
|||||||
1,141,805 | ||||||||
|
|
|||||||
Airlines 0.3% |
| |||||||
Alaska Air Group, Inc. * |
9,239 | 361,707 | ||||||
Allegiant Travel Co. * |
1,420 | 103,632 | ||||||
American Airlines Group, Inc. * |
6,949 | 83,666 | ||||||
Hawaiian Holdings, Inc. * |
6,255 | 82,253 | ||||||
Skywest, Inc. * |
4,643 | 75,495 | ||||||
Spirit Airlines, Inc. * |
3,315 | 62,388 | ||||||
|
|
|||||||
769,141 | ||||||||
|
|
|||||||
Auto Components 1.5% |
| |||||||
Adient PLC * |
3,064 | 85,026 | ||||||
American Axle & Manufacturing Holdings, Inc. * |
5,221 | 35,659 | ||||||
Autoliv, Inc. |
6,358 | 423,633 | ||||||
BorgWarner, Inc. |
15,123 | 474,862 | ||||||
Dana, Inc. |
9,900 | 113,157 | ||||||
Dorman Products, Inc. * |
3,535 | 290,294 | ||||||
Fox Factory Holding Corp. * |
4,825 | 381,561 | ||||||
Gentex Corp. |
15,377 | 366,588 | ||||||
Gentherm, Inc. * |
4,234 | 210,557 | ||||||
Goodyear Tire & Rubber Co. |
21,163 | 213,535 | ||||||
LCI Industries |
2,757 | 279,725 | ||||||
Lear Corp. |
4,020 | 481,154 | ||||||
Modine Manufacturing Co. * |
6,449 | 83,450 | ||||||
Motorcar Parts of America, Inc. * |
2,267 | 34,504 | ||||||
Patrick Industries, Inc. |
2,334 | 102,322 | ||||||
Standard Motor Products, Inc. |
2,639 | 85,767 | ||||||
Stoneridge, Inc. * |
2,727 | 46,223 | ||||||
Strattec Security Corp. * |
941 | 19,573 | ||||||
Tenneco, Inc. Class A * |
5,563 | 96,741 | ||||||
Visteon Corp. * |
2,696 | 285,938 | ||||||
|
|
|||||||
4,110,269 | ||||||||
|
|
|||||||
Automobiles 0.2% |
| |||||||
Harley-Davidson, Inc. |
9,600 | 334,848 | ||||||
Thor Industries, Inc. |
2,126 | 148,778 |
SHARES | VALUE | |||||||
Winnebago Industries, Inc. |
3,191 | $ | 169,793 | |||||
|
|
|||||||
653,419 | ||||||||
|
|
|||||||
Beverages 0.6% |
| |||||||
Celsius Holdings, Inc. *@ |
675 | 61,209 | ||||||
Coca-Cola Consolidated, Inc. |
1,082 | 445,492 | ||||||
Duckhorn Portfolio, Inc. (The) * |
6,810 | 98,268 | ||||||
MGP Ingredients, Inc. @ |
1,851 | 196,502 | ||||||
Molson Coors Beverage Co., Class B |
12,855 | 616,912 | ||||||
National Beverage Corp. |
8,395 | 323,543 | ||||||
|
|
|||||||
1,741,926 | ||||||||
|
|
|||||||
Biotechnology 2.4% |
| |||||||
Adicet Bio, Inc. * |
997 | 14,177 | ||||||
Agios Pharmaceuticals, Inc. * |
2,538 | 71,775 | ||||||
Albireo Pharma, Inc. * |
1,018 | 19,708 | ||||||
Aldeyra Therapeutics, Inc. * |
3,971 | 21,205 | ||||||
Alkermes PLC * |
7,251 | 161,915 | ||||||
Allogene Therapeutics, Inc. *@ |
7,669 | 82,825 | ||||||
AnaptysBio, Inc. *@ |
2,569 | 65,535 | ||||||
Anika Therapeutics, Inc. * |
1,795 | 42,721 | ||||||
Arcturus Therapeutics Holdings, Inc. * |
918 | 13,605 | ||||||
Arcus Biosciences, Inc. * |
2,904 | 75,969 | ||||||
Avid Bioservices, Inc. * |
5,672 | 108,449 | ||||||
Avidity Biosciences, Inc. * |
2,809 | 45,871 | ||||||
Bluebird Bio, Inc. *@ |
2,873 | 18,186 | ||||||
Catalyst Pharmaceuticals, Inc. * |
8,570 | 109,953 | ||||||
Chinook Therapeutics, Inc. * |
3,378 | 66,411 | ||||||
Concert Pharmaceuticals, Inc. * |
2,527 | 16,931 | ||||||
Crinetics Pharmaceuticals, Inc. * |
551 | 10,822 | ||||||
CRISPR Therapeutics AG *@ |
3,065 | 200,298 | ||||||
Deciphera Pharmaceuticals, |
3,479 | 64,362 | ||||||
Design Therapeutics, Inc. * |
1,007 | 16,837 | ||||||
Dynavax Technologies Corp. *@ |
5,866 | 61,241 | ||||||
Eagle Pharmaceuticals, Inc. * |
488 | 12,893 | ||||||
Editas Medicine, Inc. *@ |
4,524 | 55,374 | ||||||
Eiger BioPharmaceuticals, Inc. * |
4,040 | 30,421 | ||||||
Emergent BioSolutions, Inc. * |
5,055 | 106,104 | ||||||
Enanta Pharmaceuticals, Inc. * |
2,226 | 115,463 | ||||||
Exact Sciences Corp. * |
5,884 | 191,171 | ||||||
Exelixis, Inc. * |
22,934 | 359,605 | ||||||
Fate Therapeutics, Inc. *@ |
417 | 9,345 | ||||||
Global Blood Therapeutics, Inc. * |
586 | 39,907 | ||||||
Halozyme Therapeutics, Inc. * |
10,812 | 427,507 | ||||||
Ideaya Biosciences, Inc. * |
1,587 | 23,678 | ||||||
Immunovant, Inc. * |
2,092 | 11,673 | ||||||
Intellia Therapeutics, Inc. * |
2,590 | 144,936 | ||||||
Ionis Pharmaceuticals, Inc. * |
1,139 | 50,378 | ||||||
Iovance Biotherapeutics, Inc. * |
6,868 | 65,795 | ||||||
Ironwood Pharmaceuticals, Inc. * |
11,743 | 121,658 | ||||||
IVERIC bio, Inc. * |
3,627 | 65,068 | ||||||
KalVista Pharmaceuticals, Inc. * |
767 | 11,129 | ||||||
Karuna Therapeutics, Inc. * |
1,267 | 284,986 | ||||||
Krystal Biotech, Inc. * |
1,598 | 111,381 | ||||||
Kura Oncology, Inc. * |
3,957 | 54,053 | ||||||
Kymera Therapeutics, Inc. * |
985 | 21,443 | ||||||
Ligand Pharmaceuticals, Inc. * |
1,727 | 148,712 | ||||||
Madrigal Pharmaceuticals, Inc. * |
145 | 9,424 | ||||||
Mirati Therapeutics, Inc. * |
1,056 | 73,751 | ||||||
Morphic Holding, Inc. * |
799 | 22,612 | ||||||
Myriad Genetics, Inc. * |
8,130 | 155,120 | ||||||
Neurocrine Biosciences, Inc. * |
7,426 | 788,715 | ||||||
Nurix Therapeutics, Inc. * |
1,290 | 16,809 | ||||||
PDL BioPharma, Inc. *§ |
18,262 | 48,942 | ||||||
PMV Pharmaceuticals, Inc. * |
949 | 11,293 | ||||||
Prothena Corp. PLC * |
2,885 | 174,918 | ||||||
RAPT Therapeutics, Inc. * |
1,320 | 31,759 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Biotechnology (Continued) |
| |||||||
REGENXBIO, Inc. * |
2,291 | $ | 60,551 | |||||
Relay Therapeutics, Inc. * |
1,663 | 37,201 | ||||||
Replimune Group, Inc. * |
2,517 | 43,469 | ||||||
REVOLUTION Medicines, Inc. * |
5,004 | 98,679 | ||||||
Rocket Pharmaceuticals, Inc. * |
2,904 | 46,348 | ||||||
Sage Therapeutics, Inc. * |
2,831 | 110,862 | ||||||
Sangamo Therapeutics, Inc. * |
6,511 | 31,904 | ||||||
Sarepta Therapeutics, Inc. * |
465 | 51,401 | ||||||
Stoke Therapeutics, Inc. * |
700 | 8,988 | ||||||
Syndax Pharmaceuticals, Inc. * |
5,678 | 136,442 | ||||||
Travere Therapeutics, Inc. * |
3,687 | 90,848 | ||||||
Twist Bioscience Corp. * |
2,497 | 87,994 | ||||||
United Therapeutics Corp. * |
3,253 | 681,113 | ||||||
Veracyte, Inc. * |
2,221 | 36,869 | ||||||
Xencor, Inc. * |
3,134 | 81,421 | ||||||
Xenon Pharmaceuticals, Inc. * |
338 | 12,202 | ||||||
|
|
|||||||
6,701,111 | ||||||||
|
|
|||||||
Building Products 2.8% |
| |||||||
A.O. Smith Corp. |
8,970 | 435,763 | ||||||
AAON, Inc. |
7,440 | 400,867 | ||||||
Advanced Drainage Systems, Inc. |
7,559 | 940,113 | ||||||
Allegion PLC |
575 | 51,566 | ||||||
American Woodmark Corp. * |
1,353 | 59,342 | ||||||
Apogee Enterprises, Inc. |
2,316 | 88,517 | ||||||
Armstrong World Industries, Inc. |
4,794 | 379,829 | ||||||
Builders FirstSource, Inc. * |
21,211 | 1,249,752 | ||||||
Carlisle Cos., Inc. |
3,012 | 844,595 | ||||||
CSW Industrials, Inc. |
1,174 | 140,645 | ||||||
Gibraltar Industries, Inc. * |
3,042 | 124,509 | ||||||
Griffon Corp. |
5,311 | 156,781 | ||||||
Insteel Industries, Inc. |
2,278 | 60,435 | ||||||
Lennox International, Inc. |
1,677 | 373,418 | ||||||
Masco Corp. |
2,284 | 106,640 | ||||||
Masonite International Corp. * |
169 | 12,048 | ||||||
Owens Corning |
6,683 | 525,351 | ||||||
PGT Innovations, Inc. * |
6,135 | 128,590 | ||||||
Quanex Building Products Corp. |
3,883 | 70,515 | ||||||
Simpson Manufacturing Co., Inc. |
4,397 | 344,725 | ||||||
Trex Co., Inc. * |
10,510 | 461,809 | ||||||
UFP Industries, Inc. |
7,021 | 506,635 | ||||||
Zurn Elkay Water Solutions Corp. |
14,150 | 346,675 | ||||||
|
|
|||||||
7,809,120 | ||||||||
|
|
|||||||
Capital Markets 2.8% |
| |||||||
Affiliated Managers Group, Inc. |
4,043 | 452,209 | ||||||
Artisan Partners Asset Management, Inc., Class A |
7,515 | 202,379 | ||||||
AssetMark Financial Holdings, Inc. * |
2,009 | 36,745 | ||||||
B Riley Financial, Inc. |
732 | 32,589 | ||||||
BGC Partners, Inc., Class A |
30,567 | 95,980 | ||||||
Blucora, Inc. * |
7,622 | 147,409 | ||||||
Brightsphere Investment Group, Inc. |
2,826 | 42,136 | ||||||
Cboe Global Markets, Inc. |
197 | 23,122 | ||||||
Cohen & Steers, Inc. |
5,127 | 321,104 | ||||||
Cowen, Inc. Class A @ |
2,940 | 113,602 | ||||||
Diamond Hill Investment Group, Inc. |
289 | 47,685 | ||||||
Donnelley Financial Solutions, Inc. * |
4,189 | 154,867 | ||||||
Evercore, Inc., Class A |
3,659 | 300,953 | ||||||
Federated Hermes, Inc. |
10,797 | 357,597 |
SHARES | VALUE | |||||||
Greenhill & Co., Inc. @ |
649 | $ | 3,855 | |||||
Hamilton Lane, Inc. Class A |
1,792 | 106,821 | ||||||
Houlihan Lokey, Inc. |
1,002 | 75,531 | ||||||
Invesco Ltd. |
24,055 | 329,553 | ||||||
Janus Henderson Group PLC |
14,636 | 297,257 | ||||||
Jefferies Financial Group, Inc. |
21,621 | 637,819 | ||||||
Lazard Ltd., Class A |
6,742 | 214,598 | ||||||
LPL Financial Holdings, Inc. |
5,475 | 1,196,178 | ||||||
Manning & Napier, Inc. |
2,524 | 30,969 | ||||||
MarketAxess Holdings, Inc. |
630 | 140,169 | ||||||
Moelis & Co., Class A |
3,960 | 133,888 | ||||||
Morningstar, Inc. |
2,847 | 604,475 | ||||||
Open Lending Corp., Class A * |
2,793 | 22,456 | ||||||
Oppenheimer Holdings, Inc., Class A |
1,244 | 38,539 | ||||||
Piper Sandler Cos. |
2,274 | 238,179 | ||||||
PJT Partners, Inc., Class A |
1,422 | 95,018 | ||||||
Pzena Investment Management, Inc., Class A |
2,375 | 22,515 | ||||||
SEI Investments Co. |
4,732 | 232,105 | ||||||
Silvercrest Asset Management Group, Inc., Class A |
759 | 12,410 | ||||||
Stifel Financial Corp. |
9,673 | 502,125 | ||||||
Stonex Group, Inc. * |
2,079 | 172,432 | ||||||
Victory Capital Holdings, Inc., Class A |
982 | 22,890 | ||||||
Virtu Financial, Inc., Class A |
4,501 | 93,486 | ||||||
Virtus Investment Partners, Inc. |
853 | 136,070 | ||||||
Westwood Holdings Group, Inc. |
1,157 | 11,142 | ||||||
WisdomTree Investments, Inc. |
2,100 | 9,828 | ||||||
|
|
|||||||
7,708,685 | ||||||||
|
|
|||||||
Chemicals 2.8% |
| |||||||
AdvanSix, Inc. |
3,198 | 102,656 | ||||||
American Vanguard Corp. |
3,554 | 66,460 | ||||||
Ashland, Inc. |
4,043 | 383,964 | ||||||
Avient Corp. |
10,014 | 303,424 | ||||||
Axalta Coating Systems Ltd. * |
16,030 | 337,592 | ||||||
Balchem Corp. |
3,741 | 454,831 | ||||||
Cabot Corp. |
5,463 | 349,031 | ||||||
CF Industries Holdings, Inc. |
2,829 | 272,291 | ||||||
Chase Corp. |
1,129 | 94,351 | ||||||
Chemours Co. (The) |
8,849 | 218,128 | ||||||
Core Molding Technologies, |
1,500 | 14,895 | ||||||
Eastman Chemical Co. |
283 | 20,107 | ||||||
Ecovyst, Inc. * |
3,884 | 32,781 | ||||||
Element Solutions, Inc. |
21,963 | 357,338 | ||||||
FMC Corp. |
3,740 | 395,318 | ||||||
FutureFuel Corp. |
4,517 | 27,283 | ||||||
H.B. Fuller Co. |
6,101 | 366,670 | ||||||
Hawkins, Inc. |
2,648 | 103,246 | ||||||
Huntsman Corp. |
12,047 | 295,633 | ||||||
Ingevity Corp. * |
2,004 | 121,503 | ||||||
Innospec, Inc. |
2,704 | 231,652 | ||||||
Intrepid Potash, Inc. * |
1,589 | 62,877 | ||||||
Koppers Holdings, Inc. |
2,308 | 47,960 | ||||||
Kronos Worldwide, Inc. |
4,855 | 45,346 | ||||||
Livent Corp. *@ |
7,893 | 241,920 | ||||||
LSB Industries, Inc. * |
1,562 | 22,259 | ||||||
Mativ Holdings, Inc. |
6,136 | 135,483 | ||||||
Minerals Technologies, Inc. |
3,081 | 152,232 | ||||||
NewMarket Corp. |
504 | 151,618 | ||||||
Olin Corp. |
3,715 | 159,299 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Chemicals (Continued) |
| |||||||
Orion Engineered Carbons SA |
3,504 | $ | 46,778 | |||||
Quaker Chemical Corp. |
784 | 113,194 | ||||||
Rayonier Advanced Materials, Inc. * |
3,792 | 11,945 | ||||||
RPM International, Inc. |
6,495 | 541,098 | ||||||
Scotts Miracle-Gro Co. (The) |
3,576 | 152,874 | ||||||
Sensient Technologies Corp. |
4,568 | 316,745 | ||||||
Stepan Co. |
2,418 | 226,494 | ||||||
Tredegar Corp. |
3,412 | 32,209 | ||||||
Trinseo PLC |
3,416 | 62,581 | ||||||
Tronox Holdings PLC Class A |
9,337 | 114,378 | ||||||
Valvoline, Inc. |
6,071 | 153,839 | ||||||
Westlake Corp. |
4,157 | 361,160 | ||||||
|
|
|||||||
7,701,443 | ||||||||
|
|
|||||||
Commercial Banks 10.3% |
| |||||||
1st Source Corp. |
2,546 | 117,880 | ||||||
Allegiance Bancshares, Inc. |
1,914 | 79,680 | ||||||
Amalgamated Financial Corp. |
477 | 10,793 | ||||||
Amerant Bancorp, Inc. |
661 | 16,465 | ||||||
American National Bankshares, Inc. |
1,508 | 48,181 | ||||||
Ameris Bancorp |
6,744 | 301,524 | ||||||
AmeriServ Financial, Inc. |
4,400 | 16,720 | ||||||
Arrow Financial Corp. |
2,214 | 63,792 | ||||||
Associated Banc-Corp. |
14,942 | 300,035 | ||||||
Atlantic Union Bankshares Corp. |
6,981 | 212,083 | ||||||
Banc of California, Inc. |
5,994 | 95,724 | ||||||
Bancfirst Corp. |
3,303 | 295,519 | ||||||
Bancorp, Inc. (The) * |
6,121 | 134,540 | ||||||
Bank of Hawaii Corp. |
3,456 | 263,071 | ||||||
Bank of Marin Bancorp |
1,580 | 47,321 | ||||||
Bank OZK |
4,569 | 180,750 | ||||||
BankFinancial Corp. |
2,474 | 23,404 | ||||||
BankUnited, Inc. |
3,310 | 113,103 | ||||||
Bankwell Financial Group, Inc. |
326 | 9,490 | ||||||
Banner Corp. |
3,355 | 198,213 | ||||||
Bar Harbor Bankshares |
2,089 | 55,400 | ||||||
BCB Bancorp, Inc. |
878 | 14,777 | ||||||
Berkshire Hills Bancorp, Inc. |
4,455 | 121,622 | ||||||
BOK Financial Corp. |
5,182 | 460,473 | ||||||
Brookline Bancorp, Inc. |
7,431 | 86,571 | ||||||
Business First Bancshares, Inc. |
553 | 11,906 | ||||||
Byline Bancorp, Inc. |
1,299 | 26,305 | ||||||
C&F Financial Corp. |
466 | 24,931 | ||||||
Cadence Bank |
15,454 | 392,686 | ||||||
Camden National Corp. |
1,756 | 74,806 | ||||||
Capital City Bank Group, Inc. |
1,890 | 58,798 | ||||||
Carter Bankshares, Inc. * |
711 | 11,447 | ||||||
Cathay General Bancorp |
7,259 | 279,181 | ||||||
CBTX, Inc. |
672 | 19,656 | ||||||
Central Pacific Financial Corp. |
3,116 | 64,470 | ||||||
Central Valley Community Bancorp |
1,638 | 29,009 | ||||||
Citizens & Northern Corp. |
852 | 20,601 | ||||||
Citizens Community Bancorp, Inc. |
400 | 4,868 | ||||||
City Holding Co. |
1,686 | 149,531 | ||||||
Civista Bancshares, Inc. |
270 | 5,605 | ||||||
CNB Financial Corp. |
2,264 | 53,362 | ||||||
Coastal Financial Corp. * |
255 | 10,134 | ||||||
Columbia Banking System, Inc. |
7,605 | 219,708 | ||||||
Comerica, Inc. |
7,707 | 547,968 | ||||||
Commerce Bancshares, Inc. |
8,166 | 540,263 | ||||||
Community Bank System, Inc. |
4,718 | 283,457 | ||||||
Community Trust Bancorp, Inc. |
2,206 | 89,453 | ||||||
Connectone Bancorp, Inc. |
4,989 | 115,046 |
SHARES | VALUE | |||||||
Cullen/Frost Bankers, Inc. |
3,828 | $ | 506,138 | |||||
Customers Bancorp, Inc. * |
4,720 | 139,146 | ||||||
CVB Financial Corp. |
13,166 | 333,363 | ||||||
Dime Community Bancshares, Inc. |
4,460 | 130,589 | ||||||
Eagle Bancorp, Inc. |
3,436 | 154,002 | ||||||
East West Bancorp, Inc. |
9,740 | 653,944 | ||||||
Enterprise Bancorp, Inc. |
331 | 9,900 | ||||||
Enterprise Financial Services Corp. |
2,901 | 127,760 | ||||||
Equity Bancshares, Inc., Class A |
1,470 | 43,556 | ||||||
Esquire Financial Holdings, Inc. |
569 | 21,366 | ||||||
Farmers & Merchants Bancorp, Inc. |
1,205 | 32,378 | ||||||
Farmers National Banc Corp. |
3,991 | 52,242 | ||||||
FB Financial Corp. |
3,274 | 125,100 | ||||||
Financial Institutions, Inc. |
1,855 | 44,650 | ||||||
First Bancorp |
22,823 | 312,219 | ||||||
First Bancorp, Inc. (The) |
1,876 | 51,684 | ||||||
First Bancorp/Southern Pines NC |
3,381 | 123,677 | ||||||
First Bancshares, Inc. (The) |
1,367 | 40,832 | ||||||
First Busey Corp. |
5,571 | 122,451 | ||||||
First Business Financial Services, Inc. |
551 | 17,803 | ||||||
First Citizens Bancshares, Inc., Class A |
875 | 697,751 | ||||||
First Commonwealth Financial Corp. |
9,286 | 119,232 | ||||||
First Community Bankshares, Inc. |
1,982 | 63,483 | ||||||
First Financial Bancorp |
8,992 | 189,551 | ||||||
First Financial Bankshares, Inc. |
14,820 | 619,921 | ||||||
First Financial Corp. |
1,395 | 63,040 | ||||||
First Financial Northwest, Inc. |
2,239 | 33,227 | ||||||
First Foundation, Inc. |
4,921 | 89,267 | ||||||
First Hawaiian, Inc. |
1,200 | 29,556 | ||||||
First Horizon Corp. |
34,954 | 800,447 | ||||||
First Internet Bancorp |
1,284 | 43,476 | ||||||
First Interstate Bancsystem, Inc., Class A |
5,123 | 206,713 | ||||||
First Merchants Corp. |
5,621 | 217,420 | ||||||
First Mid Bancshares, Inc. |
500 | 15,985 | ||||||
First of Long Island Corp. (The) |
2,295 | 39,566 | ||||||
Flushing Financial Corp. |
3,899 | 75,524 | ||||||
FNB Corp. |
22,576 | 261,882 | ||||||
Fulton Financial Corp. |
15,678 | 247,712 | ||||||
German American Bancorp, Inc. |
3,217 | 114,879 | ||||||
Glacier Bancorp, Inc. |
11,842 | 581,797 | ||||||
Great Southern Bancorp, Inc. |
1,501 | 85,662 | ||||||
Hancock Whitney Corp. |
6,503 | 297,902 | ||||||
Hanmi Financial Corp. |
3,586 | 84,916 | ||||||
Harborone Bancorp, Inc. |
6,045 | 81,124 | ||||||
Heartland Financial USA, Inc. |
4,558 | 197,635 | ||||||
Heritage Commerce Corp. |
6,526 | 74,005 | ||||||
Heritage Financial Corp. |
4,162 | 110,168 | ||||||
Hilltop Holdings, Inc. |
6,988 | 173,652 | ||||||
Home Bancshares, Inc. |
13,006 | 292,765 | ||||||
HomeStreet, Inc. |
2,447 | 70,498 | ||||||
HomeTrust Bancshares, Inc. |
2,255 | 49,836 | ||||||
Hope Bancorp, Inc. |
11,541 | 145,878 | ||||||
Horizon Bancorp, Inc. |
5,096 | 91,524 | ||||||
Independent Bank Corp. |
5,005 | 373,023 | ||||||
Independent Bank Group, Inc. |
2,187 | 134,260 | ||||||
International Bancshares Corp. |
5,903 | 250,878 | ||||||
Lakeland Bancorp, Inc. |
5,547 | 88,807 | ||||||
Lakeland Financial Corp. |
3,146 | 229,060 | ||||||
Live Oak Bancshares, Inc. |
847 | 25,918 | ||||||
Macatawa Bank Corp. |
5,141 | 47,606 | ||||||
Mercantile Bank Corp. |
1,601 | 47,566 | ||||||
Metropolitan Bank Holding Corp. * |
321 | 20,660 | ||||||
Midland States Bancorp, Inc. |
1,086 | 25,597 | ||||||
MidWestOne Financial Group, Inc. |
613 | 16,729 | ||||||
National Bank Holdings Corp., Class A |
3,376 | 124,878 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Commercial Banks (Continued) |
| |||||||
NBT Bancorp, Inc. |
4,206 | $ | 159,618 | |||||
Nicolet Bankshares, Inc. * |
1,020 | 71,849 | ||||||
Northeast Bank |
896 | 32,856 | ||||||
Northrim Bancorp, Inc. |
836 | 34,744 | ||||||
Northwest Bancshares, Inc. |
12,344 | 166,767 | ||||||
OceanFirst Financial Corp. |
5,639 | 105,111 | ||||||
OFG Bancorp |
5,852 | 147,061 | ||||||
Old National Bancorp |
28,203 | 464,503 | ||||||
Old Second Bancorp, Inc. |
2,244 | 29,284 | ||||||
Origin Bancorp, Inc. |
1,342 | 51,627 | ||||||
Pacific Premier Bancorp, Inc. |
6,941 | 214,893 | ||||||
PacWest Bancorp |
4,603 | 104,028 | ||||||
Park National Corp. |
1,732 | 215,599 | ||||||
Pathward Financial, Inc. |
3,897 | 128,445 | ||||||
Peapack Gladstone Financial Corp. |
1,992 | 67,031 | ||||||
Penns Woods Bancorp, Inc. |
1,138 | 26,072 | ||||||
Peoples Bancorp, Inc. |
3,204 | 92,692 | ||||||
Pinnacle Financial Partners, Inc. |
3,365 | 272,902 | ||||||
Popular, Inc. |
7,138 | 514,364 | ||||||
Preferred Bank |
1,561 | 101,824 | ||||||
Premier Financial Corp. |
4,193 | 107,760 | ||||||
Primis Financial Corp. |
2,721 | 33,006 | ||||||
Prosperity Bancshares, Inc. |
7,853 | 523,638 | ||||||
QCR Holdings, Inc. |
1,914 | 97,499 | ||||||
Renasant Corp. |
5,355 | 167,504 | ||||||
Republic Bancorp, Inc., Class A |
1,997 | 76,485 | ||||||
Riverview Bancorp, Inc. |
2,557 | 16,237 | ||||||
S&T Bancorp, Inc. |
3,996 | 117,123 | ||||||
Sandy Spring Bancorp, Inc. |
4,282 | 150,983 | ||||||
Seacoast Banking Corp. of Florida |
5,003 | 151,241 | ||||||
ServisFirst Bancshares, Inc. |
5,630 | 450,400 | ||||||
Sierra Bancorp |
2,000 | 39,500 | ||||||
Silvergate Capital Corp.,Class A * |
413 | 31,120 | ||||||
Simmons First National Corp., Class A |
10,791 | 235,136 | ||||||
South State Corp. |
7,217 | 571,009 | ||||||
Southern First Bancshares, Inc. * |
923 | 38,452 | ||||||
Southside Bancshares, Inc. |
3,368 | 119,093 | ||||||
Stock Yards Bancorp, Inc. |
2,936 | 199,677 | ||||||
Summit Financial Group, Inc. |
392 | 10,560 | ||||||
Synovus Financial Corp. |
9,560 | 358,596 | ||||||
Texas Capital Bancshares, Inc. * |
3,132 | 184,882 | ||||||
Tompkins Financial Corp. |
1,559 | 113,215 | ||||||
Towne Bank |
5,809 | 155,855 | ||||||
Trico Bancshares |
2,959 | 132,119 | ||||||
Triumph Bancorp, Inc. * |
2,441 | 132,668 | ||||||
Trustmark Corp. |
5,770 | 176,735 | ||||||
UMB Financial Corp. |
4,960 | 418,078 | ||||||
Umpqua Holdings Corp. |
8,081 | 138,104 | ||||||
United Bankshares, Inc. |
12,088 | 432,146 | ||||||
United Community Banks, Inc. |
8,563 | 283,435 | ||||||
Univest Financial Corp |
3,363 | 78,963 | ||||||
Valley National Bancorp |
37,407 | 403,996 | ||||||
Veritex Holdings, Inc. |
3,570 | 94,926 | ||||||
Washington Federal, Inc. |
6,377 | 191,182 | ||||||
Washington Trust Bancorp, Inc. |
2,001 | 93,006 | ||||||
Webster Financial Corp. |
11,093 | 501,404 | ||||||
WesBanco, Inc. |
6,661 | 222,278 | ||||||
West Bancorp, Inc. |
1,763 | 36,688 | ||||||
Westamerica Bancorp |
2,658 | 138,987 |
SHARES | VALUE | |||||||
Western Alliance Bancorp |
5,446 | $ | 358,020 | |||||
Wintrust Financial Corp. |
4,936 | 402,531 | ||||||
Zions Bancorp NA |
10,151 | 516,280 | ||||||
|
|
|||||||
28,695,885 | ||||||||
|
|
|||||||
Commercial Services & Supplies 1.7% |
| |||||||
ABM Industries, Inc. |
7,749 | 296,244 | ||||||
ACCO Brands Corp. |
11,957 | 58,589 | ||||||
Brady Corp., Class A |
5,019 | 209,443 | ||||||
Brinks Co. (The) |
4,837 | 234,304 | ||||||
Casella Waste Systems, Inc., Class A * |
6,377 | 487,139 | ||||||
Ceco Environmental Corp. * |
4,211 | 37,267 | ||||||
Cimpress PLC * |
2,367 | 57,944 | ||||||
Clean Harbors, Inc. * |
5,266 | 579,155 | ||||||
Deluxe Corp. |
4,032 | 67,133 | ||||||
Ennis, Inc. |
3,110 | 62,604 | ||||||
Heritage-Crystal Clean, Inc. * |
2,532 | 74,871 | ||||||
HNI Corp. |
3,568 | 94,588 | ||||||
IAA, Inc. * |
7,400 | 235,690 | ||||||
Interface, Inc. |
5,834 | 52,448 | ||||||
KAR Auction Services, Inc. * |
5,924 | 66,171 | ||||||
Kimball International, Inc., Class B |
5,056 | 31,802 | ||||||
Matthews International Corp., Class A |
3,451 | 77,337 | ||||||
MillerKnoll, Inc. |
7,005 | 109,278 | ||||||
MSA Safety, Inc. |
4,156 | 454,168 | ||||||
NL Industries, Inc. |
4,571 | 35,334 | ||||||
SP Plus Corp. * |
2,555 | 80,023 | ||||||
Steelcase, Inc., Class A |
11,344 | 73,963 | ||||||
Stericycle, Inc. * |
4,797 | 202,002 | ||||||
Tetra Tech, Inc. |
6,444 | 828,247 | ||||||
UniFirst Corp. |
1,645 | 276,738 | ||||||
Virco Manufacturing Corp. * |
2,494 | 10,624 | ||||||
VSE Corp. |
1,412 | 49,985 | ||||||
|
|
|||||||
4,843,091 | ||||||||
|
|
|||||||
Communications Equipment 1.4% |
| |||||||
ADTRAN Holdings, Inc. |
6,854 | 134,201 | ||||||
BK Technologies Corp. |
2,000 | 4,820 | ||||||
CalAmp Corp. * |
2,187 | 8,398 | ||||||
Calix, Inc. * |
2,654 | 162,266 | ||||||
Cambium Networks Corp. * |
1,078 | 18,240 | ||||||
Ciena Corp. * |
15,659 | 633,093 | ||||||
Clearfield, Inc. * |
2,380 | 249,043 | ||||||
CommScope Holding Co., Inc. * |
9,348 | 86,095 | ||||||
Comtech Telecommunications Corp. |
3,207 | 32,102 | ||||||
Digi International, Inc. * |
3,397 | 117,434 | ||||||
DZS, Inc. * |
1,689 | 19,086 | ||||||
Extreme Networks, Inc. * |
6,499 | 84,942 | ||||||
F5, Inc. * |
3,709 | 536,804 | ||||||
Harmonic, Inc. * |
10,330 | 135,013 | ||||||
Infinera Corp. *@ |
7,943 | 38,444 | ||||||
Juniper Networks, Inc. |
19,819 | 517,672 | ||||||
KVH Industries, Inc. * |
2,387 | 22,008 | ||||||
Lantronix, Inc. * |
1,100 | 5,291 | ||||||
Lumentum Holdings, Inc. * |
4,956 | 339,833 | ||||||
NETGEAR, Inc. * |
3,539 | 70,922 | ||||||
NetScout Systems, Inc. * |
8,182 | 256,260 | ||||||
Optical Cable Corp. * |
374 | 1,290 | ||||||
PC-Tel, Inc. |
2,629 | 12,409 | ||||||
Viasat, Inc. * |
4,101 | 123,973 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Communications Equipment (Continued) |
| |||||||
Viavi Solutions, Inc. * |
21,651 | $ | 282,546 | |||||
|
|
|||||||
3,892,185 | ||||||||
|
|
|||||||
Computers & Peripherals 0.4% |
||||||||
AstroNova, Inc. * |
1,572 | 18,392 | ||||||
Avid Technology, Inc. * |
7,133 | 165,914 | ||||||
Intevac, Inc. * |
3,414 | 15,875 | ||||||
Pure Storage, Inc., Class A * |
15,010 | 410,824 | ||||||
Stratasys Ltd. * |
600 | 8,646 | ||||||
Super Micro Computer, Inc. * |
2,778 | 152,984 | ||||||
Western Digital Corp. * |
2,204 | 71,740 | ||||||
Xerox Holdings Corp. |
11,888 | 155,495 | ||||||
|
|
|||||||
999,870 | ||||||||
|
|
|||||||
Construction & Engineering 2.1% |
||||||||
AECOM |
11,954 | 817,295 | ||||||
Ameresco, Inc., Class A * |
4,050 | 269,244 | ||||||
Arcosa, Inc. |
1,853 | 105,954 | ||||||
Argan, Inc. |
985 | 31,687 | ||||||
Comfort Systems USA, Inc. |
4,850 | 472,050 | ||||||
Dycom Industries, Inc. * |
4,084 | 390,144 | ||||||
EMCOR Group, Inc. |
5,995 | 692,303 | ||||||
Fluor Corp. *@ |
6,585 | 163,901 | ||||||
Granite Construction, Inc. |
4,358 | 110,650 | ||||||
Great Lakes Dredge & Dock Corp. * |
7,436 | 56,365 | ||||||
IES Holdings, Inc. * |
2,548 | 70,376 | ||||||
MasTec, Inc. * |
6,602 | 419,227 | ||||||
Matrix Service Co. * |
4,086 | 16,916 | ||||||
MDU Resources Group, Inc. |
11,285 | 308,645 | ||||||
MYR Group, Inc. * |
1,935 | 163,953 | ||||||
Northwest Pipe Co. * |
1,211 | 34,029 | ||||||
NV5 Global, Inc. * |
1,843 | 228,200 | ||||||
Primoris Services Corp. |
5,726 | 93,047 | ||||||
Sterling Infrastructure, Inc. * |
3,492 | 74,973 | ||||||
Tutor Perini Corp. * |
3,153 | 17,405 | ||||||
Valmont Industries, Inc. |
2,069 | 555,775 | ||||||
WillScot Mobile Mini Holdings Corp. * |
18,811 | 758,648 | ||||||
|
|
|||||||
5,850,787 | ||||||||
|
|
|||||||
Construction Materials 0.1% |
||||||||
Eagle Materials, Inc. |
1,439 | 154,232 | ||||||
Summit Materials, Inc., Class A * |
4,678 | 112,085 | ||||||
United States Lime & Minerals, Inc. |
949 | 96,988 | ||||||
|
|
|||||||
363,305 | ||||||||
|
|
|||||||
Consumer Finance 0.9% |
||||||||
Atlanticus Holdings Corp. * |
3,144 | 82,467 | ||||||
Bread Financial Holdings, Inc. |
293 | 9,215 | ||||||
Consumer Portfolio Services, Inc. * |
4,988 | 36,263 | ||||||
Credit Acceptance Corp. *@ |
760 | 332,880 | ||||||
Encore Capital Group, Inc. * |
3,784 | 172,096 | ||||||
Enova International, Inc. * |
4,283 | 125,363 | ||||||
Ezcorp, Inc., Class A * |
5,994 | 46,214 | ||||||
FirstCash Holdings, Inc. |
4,847 | 355,527 | ||||||
Green Dot Corp., Class A * |
5,205 | 98,791 | ||||||
LendingClub Corp. * |
1,512 | 16,708 | ||||||
LendingTree, Inc. * |
900 | 21,474 | ||||||
Navient Corp. |
17,562 | 257,986 | ||||||
Nelnet, Inc., Class A |
3,245 | 256,972 | ||||||
OneMain Holdings, Inc. |
7,656 | 226,005 | ||||||
PRA Group, Inc. * |
5,417 | 178,003 | ||||||
PROG Holdings, Inc. * |
6,028 | 90,299 | ||||||
Regional Management Corp. |
1,467 | 41,135 | ||||||
SLM Corp. |
14,278 | 199,749 |
SHARES | VALUE | |||||||
World Acceptance Corp. * |
977 | $94,593 | ||||||
|
|
|||||||
2,641,740 | ||||||||
|
|
|||||||
Containers & Packaging 1.3% |
||||||||
AptarGroup, Inc. |
5,666 | 538,440 | ||||||
Berry Global Group, Inc. * |
9,609 | 447,107 | ||||||
Crown Holdings, Inc. |
1,875 | 151,931 | ||||||
Graphic Packaging Holding Co. |
8,918 | 176,041 | ||||||
Greif, Inc., Class A |
2,553 | 152,082 | ||||||
Greif, Inc., Class B |
1,193 | 72,535 | ||||||
Myers Industries, Inc. |
4,361 | 71,826 | ||||||
O-I Glass, Inc. * |
5,178 | 67,055 | ||||||
Packaging Corp. of America |
1,324 | 148,672 | ||||||
Pactiv Evergreen, Inc. |
3,303 | 28,835 | ||||||
Sealed Air Corp. |
10,816 | 481,420 | ||||||
Silgan Holdings, Inc. |
12,267 | 515,705 | ||||||
Sonoco Products Co. |
6,744 | 382,587 | ||||||
Trimas Corp. |
5,102 | 127,907 | ||||||
WestRock Co. |
5,218 | 161,184 | ||||||
|
|
|||||||
3,523,327 | ||||||||
|
|
|||||||
Distributors 0.0% |
||||||||
Weyco Group, Inc. |
1,043 | 21,215 | ||||||
|
|
|||||||
Diversified Consumer Services 1.1% |
||||||||
Adtalem Global Education, Inc. * |
5,934 | 216,294 | ||||||
Bright Horizons Family Solutions, Inc. * |
3,373 | 194,453 | ||||||
Carriage Services, Inc. |
2,984 | 95,965 | ||||||
Chegg, Inc. * |
4,193 | 88,347 | ||||||
European Wax Center, Inc., Class A |
583 | 10,756 | ||||||
Frontdoor, Inc. * |
4,679 | 95,405 | ||||||
Graham Holdings Co., Class B |
462 | 248,547 | ||||||
Grand Canyon Education, Inc. * |
3,776 | 310,576 | ||||||
H&R Block, Inc. |
11,646 | 495,421 | ||||||
Laureate Education, Inc., Class A |
2,699 | 28,474 | ||||||
OneSpaWorld Holdings Ltd. * |
2,259 | 18,976 | ||||||
Perdoceo Education Corp. * |
6,976 | 71,853 | ||||||
Service Corp. International |
10,864 | 627,287 | ||||||
Strategic Education, Inc. |
2,650 | 162,737 | ||||||
Stride, Inc. * |
4,184 | 175,854 | ||||||
Terminix Global Holdings, Inc. * |
9,365 | 358,586 | ||||||
|
|
|||||||
3,199,531 | ||||||||
|
|
|||||||
Diversified Financial Services 0.3% |
||||||||
A-Mark Precious Metals, Inc. |
2,332 | 66,205 | ||||||
Acacia Research Corp. * |
1,995 | 8,060 | ||||||
Cannae Holdings, Inc. * |
3,828 | 79,087 | ||||||
Equitable Holdings, Inc. |
2,089 | 55,045 | ||||||
Jackson Financial, Inc., Class A |
1,992 | 55,278 | ||||||
Voya Financial, Inc. |
9,648 | 583,704 | ||||||
|
|
|||||||
847,379 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 0.3% |
|
|||||||
Anterix, Inc. * |
536 | 19,146 | ||||||
ATN International, Inc. |
2,105 | 81,190 | ||||||
Cogent Communications Holdings, Inc. |
5,536 | 288,758 | ||||||
Contra Costa Communications CVR *@§¶ |
354 | 1,565 | ||||||
EchoStar Corp., Class A * |
1,286 | 21,180 | ||||||
IDT Corp., Class B * |
2,980 | 73,993 | ||||||
Iridium Communications, Inc. * |
4,335 | 192,344 | ||||||
Liberty Latin America Ltd. Class A * |
1,600 | 9,904 | ||||||
Liberty Latin America Ltd., Class C * |
8,750 | 53,813 | ||||||
Ooma, Inc. * |
1,297 | 15,953 | ||||||
|
|
|||||||
757,846 | ||||||||
|
|
|||||||
Electric Utilities 1.2% |
||||||||
Allete, Inc. |
6,080 | 304,304 | ||||||
Genie Energy Ltd. Class B |
3,300 | 30,855 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Electric Utilities (Continued) |
| |||||||
Hawaiian Electric Industries, Inc. |
7,162 | $ | 248,235 | |||||
IDACORP, Inc. |
2,837 | 280,891 | ||||||
MGE Energy, Inc. |
3,771 | 247,491 | ||||||
NRG Energy, Inc. |
14,356 | 549,404 | ||||||
OGE Energy Corp. |
10,049 | 366,387 | ||||||
Otter Tail Corp. |
4,597 | 282,807 | ||||||
Pinnacle West Capital Corp. |
5,960 | 384,480 | ||||||
PNM Resources, Inc. |
10,204 | 466,629 | ||||||
Portland General Electric Co. |
5,648 | 245,462 | ||||||
|
|
|||||||
3,406,945 | ||||||||
|
|
|||||||
Electrical Equipment 1.6% |
| |||||||
Acuity Brands, Inc. |
2,347 | 369,582 | ||||||
Allied Motion Technologies, Inc. |
1,626 | 46,536 | ||||||
Atkore, Inc. * |
5,678 | 441,805 | ||||||
AZZ, Inc. |
2,809 | 102,557 | ||||||
Encore Wire Corp. |
2,341 | 270,479 | ||||||
EnerSys |
4,742 | 275,842 | ||||||
Hubbell, Inc. |
3,715 | 828,445 | ||||||
LSI Industries, Inc. |
3,137 | 24,124 | ||||||
nVent Electric PLC |
1,295 | 40,935 | ||||||
Plug Power, Inc. *@ |
1,062 | 22,313 | ||||||
Powell Industries, Inc. |
1,380 | 29,090 | ||||||
Preformed Line Products Co. |
668 | 47,528 | ||||||
Regal Rexnord Corp. |
7,570 | 1,062,525 | ||||||
Sensata Technologies Holding PLC |
10,094 | 376,304 | ||||||
Sunrun, Inc. * |
6,232 | 171,941 | ||||||
Thermon Group Holdings, Inc. * |
3,577 | 55,122 | ||||||
Vicor Corp. * |
3,445 | 203,737 | ||||||
|
|
|||||||
4,368,865 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 3.0% |
| |||||||
Advanced Energy Industries, Inc. |
4,145 | 320,864 | ||||||
Arlo Technologies, Inc. * |
10,925 | 50,692 | ||||||
Arrow Electronics, Inc. * |
7,096 | 654,180 | ||||||
Avnet, Inc. |
8,026 | 289,899 | ||||||
Badger Meter, Inc. |
3,368 | 311,170 | ||||||
Bel Fuse, Inc., Class B |
1,421 | 35,880 | ||||||
Belden, Inc. |
4,896 | 293,858 | ||||||
Benchmark Electronics, Inc. |
4,604 | 114,087 | ||||||
Cognex Corp. |
4,633 | 192,038 | ||||||
Coherent Corp. * |
5,930 | 206,661 | ||||||
CTS Corp. |
3,954 | 164,684 | ||||||
ePlus, Inc. * |
3,836 | 159,347 | ||||||
Fabrinet * |
4,275 | 408,049 | ||||||
FARO Technologies, Inc. * |
2,298 | 63,057 | ||||||
Flex Ltd. * |
28,069 | 467,630 | ||||||
Identiv, Inc. * |
927 | 11,625 | ||||||
Insight Enterprises, Inc. * |
3,841 | 316,537 | ||||||
IPG Photonics Corp. * |
1,551 | 130,827 | ||||||
Itron, Inc. * |
4,157 | 175,051 | ||||||
Jabil, Inc. |
5,378 | 310,364 | ||||||
Key Tronic Corp. * |
1,700 | 6,868 | ||||||
Kimball Electronics, Inc. * |
2,987 | 51,227 | ||||||
Knowles Corp. * |
6,561 | 79,847 | ||||||
Littelfuse, Inc. |
1,865 | 370,557 | ||||||
Methode Electronics, Inc. |
4,122 | 153,132 | ||||||
NAPCO Security Technologies, Inc. * |
5,355 | 155,723 | ||||||
National Instruments Corp. |
7,611 | 287,239 | ||||||
Novanta, Inc. * |
4,244 | 490,819 |
SHARES | VALUE | |||||||
OSI Systems, Inc. * |
1,764 | $ | 127,114 | |||||
PC Connection, Inc. |
2,926 | 131,933 | ||||||
Plexus Corp. * |
3,061 | 268,021 | ||||||
Richardson Electronics Ltd. |
1,505 | 22,726 | ||||||
Rogers Corp. * |
2,017 | 487,872 | ||||||
Sanmina Corp. * |
6,551 | 301,870 | ||||||
Scansource, Inc. * |
2,807 | 74,133 | ||||||
TD SYNNEX Corp. |
3,213 | 260,864 | ||||||
TTM Technologies, Inc. * |
10,405 | 137,138 | ||||||
Vishay Intertechnology, Inc. |
11,850 | 210,812 | ||||||
Vishay Precision Group, Inc. * |
1,694 | 50,125 | ||||||
Vontier Corp. |
8,347 | 139,478 | ||||||
Wayside Technology Group, Inc. |
315 | 8,467 | ||||||
|
|
|||||||
8,492,465 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.7% |
| |||||||
Archrock, Inc. |
14,462 | 92,846 | ||||||
Bristow Group, Inc. * |
1,579 | 37,091 | ||||||
Cactus, Inc., Class A |
3,486 | 133,967 | ||||||
ChampionX Corp. |
4,720 | 92,370 | ||||||
DMC Global, Inc. * |
390 | 6,232 | ||||||
Dril-Quip, Inc. * |
2,081 | 40,621 | ||||||
Expro Group Holdings NV * |
837 | 10,663 | ||||||
Exterran Corp. * |
3,877 | 16,128 | ||||||
Helix Energy Solutions Group, Inc. * |
3,308 | 12,769 | ||||||
Helmerich & Payne, Inc. |
6,380 | 235,869 | ||||||
Liberty Energy, Inc., Class A * |
7,161 | 90,802 | ||||||
Nabors Industries Ltd. * |
367 | 37,232 | ||||||
Natural Gas Services Group, Inc. * |
2,179 | 21,877 | ||||||
NexTier Oilfield Solutions, Inc. * |
17,336 | 128,286 | ||||||
Noble Corp. PLC |
1,543 | 45,642 | ||||||
NOV, Inc. |
23,731 | 383,968 | ||||||
Oceaneering International, Inc. * |
969 | 7,713 | ||||||
Patterson-UTI Energy, Inc. |
8,600 | 100,448 | ||||||
ProPetro Holding Corp. * |
4,527 | 36,442 | ||||||
RPC, Inc. |
10,242 | 70,977 | ||||||
SEACOR Marine Holdings, Inc. * |
3,233 | 18,170 | ||||||
TechnipFMC PLC * |
9,018 | 76,292 | ||||||
Tetra Technologies, Inc. * |
4,049 | 14,536 | ||||||
Tidewater, Inc. * |
2,014 | 43,704 | ||||||
Transocean Ltd. *@ |
16,188 | 39,984 | ||||||
U.S. Silica Holdings, Inc. * |
4,267 | 46,724 | ||||||
Valaris Ltd. * |
1,135 | 55,547 | ||||||
Weatherford International PLC * |
2,581 | 83,341 | ||||||
|
|
|||||||
1,980,241 | ||||||||
|
|
|||||||
Entertainment 0.4% |
| |||||||
Cinemark Holdings, Inc. * |
7,484 | 90,631 | ||||||
Endeavor Group Holdings, Inc., Class A * |
3,669 | 74,334 | ||||||
IMAX Corp. * |
4,117 | 58,132 | ||||||
Liberty Braves Group, Class C * |
1,826 | 50,215 | ||||||
Liberty Media Corp.-Liberty Braves, Class A *@ |
338 | 9,515 | ||||||
Liberty Media Corp.-Liberty Formula One, Class C * |
7,366 | 430,911 | ||||||
Lions Gate Entertainment Corp., Class A * |
3,637 | 27,023 | ||||||
Lions Gate Entertainment Corp., Class B * |
6,300 | 43,785 | ||||||
Madison Square Garden Entertainment Corp. * |
1,018 | 44,884 | ||||||
Madison Square Garden Sports Corp. * |
156 | 21,319 | ||||||
Marcus Corp. (The) @ |
3,100 | 43,059 | ||||||
Playtika Holding Corp. *@ |
7,992 | 75,045 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Entertainment (Continued) |
| |||||||
Sciplay Corp., Class A * |
1,456 | $ | 17,122 | |||||
World Wrestling Entertainment, Inc., Class A |
2,566 | 180,056 | ||||||
|
|
|||||||
1,166,031 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.0% |
| |||||||
Andersons, Inc. (The) |
4,055 | 125,827 | ||||||
BJs Wholesale Club Holdings, Inc. * |
3,430 | 249,738 | ||||||
Caseys General Stores, Inc. |
2,355 | 476,935 | ||||||
Chefs Warehouse Inc. (The) * |
4,636 | 134,305 | ||||||
Grocery Outlet Holding Corp. * |
376 | 12,517 | ||||||
Ingles Markets, Inc., Class A |
1,973 | 156,281 | ||||||
Natural Grocers by Vitamin Cottage, Inc. |
2,710 | 29,241 | ||||||
Performance Food Group Co. * |
9,263 | 397,846 | ||||||
PriceSmart, Inc. |
3,201 | 184,346 | ||||||
SpartanNash Co. |
4,477 | 129,922 | ||||||
Sprouts Farmers Market, Inc. * |
7,149 | 198,385 | ||||||
United Natural Foods, Inc. * |
4,219 | 145,007 | ||||||
US Foods Holding Corp. * |
13,615 | 359,981 | ||||||
Village Super Market, Inc., Class A |
1,435 | 27,738 | ||||||
Weis Markets, Inc. |
2,943 | 209,659 | ||||||
|
|
|||||||
2,837,728 | ||||||||
|
|
|||||||
Food Products 1.9% |
| |||||||
B&G Foods, Inc. |
8,145 | 134,311 | ||||||
Bunge Ltd. |
682 | 56,313 | ||||||
Cal-Maine Foods, Inc. |
5,021 | 279,117 | ||||||
Calavo Growers, Inc. |
2,189 | 69,501 | ||||||
Darling Ingredients, Inc. * |
19,384 | 1,282,252 | ||||||
Flowers Foods, Inc. |
10,685 | 263,813 | ||||||
Fresh Del Monte Produce, Inc. |
5,010 | 116,432 | ||||||
Hain Celestial Group, Inc. (The) * |
1,695 | 28,612 | ||||||
Hostess Brands, Inc. * |
4,664 | 108,391 | ||||||
Ingredion, Inc. |
3,754 | 302,272 | ||||||
J&J Snack Foods Corp. |
2,148 | 278,101 | ||||||
John B. Sanfilippo & Son, Inc. |
1,112 | 84,212 | ||||||
Lamb Weston Holdings, Inc. |
8,392 | 649,373 | ||||||
Lancaster Colony Corp. |
2,908 | 437,014 | ||||||
Landec Corp. * |
3,872 | 34,422 | ||||||
Lifeway Foods, Inc. * |
1,756 | 10,044 | ||||||
Limoneira Co. |
2,072 | 27,309 | ||||||
Pilgrims Pride Corp. * |
5,624 | 129,464 | ||||||
Post Holdings, Inc. * |
4,776 | 391,202 | ||||||
Seaboard Corp. |
42 | 142,912 | ||||||
Seneca Foods Corp., Class A * |
800 | 40,352 | ||||||
Simply Good Foods Co. (The) * |
3,733 | 119,419 | ||||||
Tootsie Roll Industries, Inc. |
4,999 | 166,367 | ||||||
TreeHouse Foods, Inc. * |
2,590 | 109,868 | ||||||
Vital Farms, Inc. * |
1,570 | 18,793 | ||||||
|
|
|||||||
5,279,866 | ||||||||
|
|
|||||||
Gas Utilities 0.9% |
| |||||||
Chesapeake Utilities Corp. |
2,106 | 243,011 | ||||||
National Fuel Gas Co. |
4,000 | 246,200 | ||||||
New Jersey Resources Corp. |
9,687 | 374,887 | ||||||
Northwest Natural Holding Co. |
3,354 | 145,497 | ||||||
ONE Gas, Inc. |
5,011 | 352,724 | ||||||
RGC Resources, Inc. |
600 | 12,636 | ||||||
South Jersey Industries, Inc. |
10,442 | 348,972 | ||||||
Southwest Gas Holdings, Inc. |
4,019 | 280,325 | ||||||
Spire, Inc. |
4,808 | 299,683 | ||||||
UGI Corp. |
10,146 | 328,020 | ||||||
|
|
|||||||
2,631,955 | ||||||||
|
|
SHARES | VALUE | |||||||
Health Care 0.0% |
| |||||||
Contra Aduro Biotech *§ |
237 | $ | 365 | |||||
|
|
|||||||
Health Care Equipment & Supplies 2.8% |
| |||||||
Abiomed, Inc. * |
90 | 22,109 | ||||||
Accuray, Inc. *@ |
10,241 | 21,301 | ||||||
Achillion Pharmaceuticals, Inc. *@§ |
23,152 | | ||||||
Angiodynamics, Inc. * |
4,953 | 101,338 | ||||||
Artivion, Inc. * |
5,028 | 69,588 | ||||||
AtriCure, Inc. * |
3,895 | 152,295 | ||||||
Atrion Corp. |
201 | 113,565 | ||||||
Avanos Medical, Inc. * |
4,019 | 87,534 | ||||||
Axonics, Inc. * |
2,988 | 210,475 | ||||||
Cardiovascular Systems, Inc. * |
1,484 | 20,568 | ||||||
CONMED Corp. |
2,255 | 180,783 | ||||||
Cutera, Inc. *@ |
1,969 | 89,786 | ||||||
Dentsply Sirona, Inc. |
8,909 | 252,570 | ||||||
Electromed, Inc. * |
2,175 | 22,294 | ||||||
Embecta Corp. |
1,022 | 29,423 | ||||||
Enovis Corp. * |
2,937 | 135,308 | ||||||
Envista Holdings Corp. * |
11,739 | 385,157 | ||||||
Figs, Inc., Class A *@ |
2,862 | 23,612 | ||||||
Fonar Corp. * |
1,282 | 18,140 | ||||||
Glaukos Corp. * |
2,946 | 156,845 | ||||||
Globus Medical, Inc., Class A * |
5,734 | 341,574 | ||||||
Haemonetics Corp. * |
5,164 | 382,291 | ||||||
Heska Corp. * |
880 | 64,170 | ||||||
ICU Medical, Inc. * |
97 | 14,608 | ||||||
Inogen, Inc. * |
1,706 | 41,422 | ||||||
Integer Holdings Corp. * |
3,152 | 196,149 | ||||||
Integra LifeSciences Holdings Corp. * |
6,371 | 269,876 | ||||||
Invacare Corp. *@ |
974 | 760 | ||||||
iRadimed Corp. |
325 | 9,770 | ||||||
Lantheus Holdings, Inc. * |
7,277 | 511,791 | ||||||
LeMaitre Vascular, Inc. |
2,735 | 138,610 | ||||||
LENSAR, Inc. * |
1,385 | 7,687 | ||||||
LivaNova PLC * |
3,953 | 200,694 | ||||||
Masimo Corp. * |
1,950 | 275,262 | ||||||
Meridian Bioscience, Inc. * |
4,782 | 150,777 | ||||||
Merit Medical Systems, Inc. * |
5,761 | 325,554 | ||||||
Mesa Laboratories, Inc. |
188 | 26,476 | ||||||
Neogen Corp. * |
10,822 | 151,183 | ||||||
Novocure Ltd. * |
829 | 62,987 | ||||||
NuVasive, Inc. * |
5,261 | 230,484 | ||||||
Omnicell, Inc. * |
4,593 | 399,729 | ||||||
OraSure Technologies, Inc. * |
9,521 | 36,085 | ||||||
Orthofix Medical, Inc. * |
558 | 10,663 | ||||||
OrthoPediatrics Corp. * |
1,252 | 57,767 | ||||||
Penumbra, Inc. * |
2,652 | 502,819 | ||||||
Pulmonx Corp. *@ |
667 | 11,112 | ||||||
QuidelOrtho Corp. * |
965 | 68,978 | ||||||
SeaSpine Holdings Corp. * |
2,964 | 16,836 | ||||||
Shockwave Medical, Inc. * |
2,116 | 588,396 | ||||||
STAAR Surgical Co. * |
2,426 | 171,154 | ||||||
SurModics, Inc. * |
1,788 | 54,355 | ||||||
Teleflex, Inc. |
358 | 72,123 | ||||||
TransMedics Group, Inc. * |
1,354 | 56,516 | ||||||
UFP Technologies, Inc. * |
913 | 78,372 | ||||||
Utah Medical Products, Inc. |
630 | 53,745 | ||||||
Varex Imaging Corp. *@ |
2,200 | 46,508 | ||||||
|
|
|||||||
7,719,974 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.4% |
| |||||||
Acadia Healthcare Co., Inc. * |
8,543 | 667,892 | ||||||
Addus HomeCare Corp. * |
1,648 | 156,955 | ||||||
Agiliti, Inc. *@ |
3,373 | 48,268 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Health Care Providers & Services (Continued) |
| |||||||
Amedisys, Inc. * |
3,653 | $ | 353,574 | |||||
AMN Healthcare Services, Inc. * |
5,001 | 529,906 | ||||||
Apollo Medical Holdings, Inc. *@ |
3,702 | 144,378 | ||||||
Brookdale Senior Living, Inc. * |
16,230 | 69,302 | ||||||
Castle Biosciences, Inc. * |
883 | 23,029 | ||||||
Chemed Corp. |
1,565 | 683,216 | ||||||
Corvel Corp. * |
2,837 | 392,726 | ||||||
Cross Country Healthcare, Inc. * |
5,512 | 156,375 | ||||||
DaVita, Inc. * |
8,508 | 704,207 | ||||||
Encompass Health Corp. |
6,968 | 315,163 | ||||||
Enhabit, Inc. * |
3,708 | 52,060 | ||||||
Ensign Group, Inc. (The) |
6,774 | 538,533 | ||||||
Enzo Biochem, Inc. * |
6,609 | 14,738 | ||||||
Fulgent Genetics, Inc. * |
1,205 | 45,935 | ||||||
Hanger, Inc. * |
2,058 | 38,526 | ||||||
HealthEquity, Inc. * |
5,161 | 346,664 | ||||||
Henry Schein, Inc. * |
10,880 | 715,577 | ||||||
Joint Corp. (The) * |
1,139 | 17,894 | ||||||
LHC Group, Inc. * |
3,259 | 533,368 | ||||||
ModivCare, Inc. * |
1,383 | 137,857 | ||||||
National Healthcare Corp. |
1,582 | 100,204 | ||||||
National Research Corp. |
2,987 | 118,883 | ||||||
Option Care Health, Inc. * |
5,361 | 168,711 | ||||||
Owens & Minor, Inc. |
7,179 | 173,014 | ||||||
Patterson Cos., Inc. |
6,230 | 149,645 | ||||||
Pediatrix Medical Group, Inc. * |
4,871 | 80,420 | ||||||
Pennant Group, Inc. (The) * |
3,997 | 41,609 | ||||||
Premier, Inc., Class A |
5,911 | 200,619 | ||||||
R1 RCM, Inc. * |
20,856 | 386,462 | ||||||
RadNet, Inc. * |
5,402 | 109,931 | ||||||
Select Medical Holdings Corp. |
12,138 | 268,250 | ||||||
Surgery Partners, Inc. *@ |
5,031 | 117,725 | ||||||
Tenet Healthcare Corp. * |
11,198 | 577,593 | ||||||
U.S. Physical Therapy, Inc. |
1,511 | 114,866 | ||||||
Universal Health Services, Inc., Class B |
3,730 | 328,911 | ||||||
|
|
|||||||
9,622,986 | ||||||||
|
|
|||||||
Health Care Technology 0.3% |
| |||||||
Allscripts Healthcare Solutions, Inc. * |
14,834 | 225,922 | ||||||
Certara, Inc. * |
4,758 | 63,186 | ||||||
Computer Programs & Systems, Inc. * |
1,636 | 45,612 | ||||||
Doximity, Inc., Class A *@ |
2,443 | 73,827 | ||||||
Evolent Health, Inc., Class A * |
5,196 | 186,692 | ||||||
HealthStream, Inc. * |
3,803 | 80,852 | ||||||
NextGen Healthcare, Inc. * |
6,391 | 113,121 | ||||||
Phreesia, Inc. * |
615 | 15,670 | ||||||
Schrodinger, Inc. * |
2,526 | 63,099 | ||||||
Simulations Plus, Inc. |
1,218 | 59,122 | ||||||
|
|
|||||||
927,103 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 3.0% |
| |||||||
Aramark |
20,945 | 653,484 | ||||||
Biglari Holdings, Inc., Class A * |
7 | 4,121 | ||||||
Biglari Holdings, Inc., Class B * |
74 | 8,554 | ||||||
BJs Restaurants, Inc. * |
2,751 | 65,611 | ||||||
Bloomin Brands, Inc. |
8,154 | 149,463 | ||||||
Bluegreen Vacations Holding Corp. |
1,017 | 16,801 | ||||||
Boyd Gaming Corp. |
1,865 | 88,867 | ||||||
Brinker International, Inc. * |
5,679 | 141,861 | ||||||
Caesars Entertainment, Inc. * |
531 | 17,130 |
SHARES | VALUE | |||||||
Carnival Corp. *@ |
4,641 | $ | 32,626 | |||||
Cheesecake Factory, Inc. (The) |
5,035 | 147,425 | ||||||
Choice Hotels International, Inc. |
6,024 | 659,749 | ||||||
Churchill Downs, Inc. |
3,811 | 701,796 | ||||||
Chuys Holdings, Inc. * |
1,904 | 44,135 | ||||||
Cracker Barrel Old Country Store, Inc. @ |
2,324 | 215,156 | ||||||
Dave & Busters Entertainment, Inc. * |
4,530 | 140,566 | ||||||
Dennys Corp. * |
4,694 | 44,171 | ||||||
DineEquity, Inc. |
226 | 14,365 | ||||||
Dominos Pizza, Inc. |
197 | 61,109 | ||||||
DraftKings, Inc. Class A * |
3,043 | 46,071 | ||||||
El Pollo Loco Holdings, Inc. * |
4,284 | 38,213 | ||||||
Everi Holdings, Inc. * |
4,400 | 71,368 | ||||||
Fiesta Restaurant Group, Inc. * |
4,058 | 25,728 | ||||||
Hyatt Hotels Corp., Class A * |
811 | 65,659 | ||||||
International Game Technology PLC @ |
969 | 15,310 | ||||||
Jack in the Box, Inc. @ |
3,000 | 222,210 | ||||||
Light & Wonder, Inc., Class A * |
1,500 | 64,320 | ||||||
Marriott Vacations Worldwide Corp. |
5,154 | 628,067 | ||||||
Monarch Casino & Resort, Inc. * |
1,490 | 83,649 | ||||||
Nathans Famous, Inc. |
794 | 50,554 | ||||||
Papa Johns International, Inc. |
4,290 | 300,343 | ||||||
Penn Entertainment, Inc. * |
2,608 | 71,746 | ||||||
Planet Fitness, Inc. Class A * |
8,887 | 512,424 | ||||||
Playa Hotels & Resorts NV * |
1,000 | 5,820 | ||||||
Royal Caribbean Cruises Ltd. * |
1,058 | 40,098 | ||||||
Ruths Hospitality Group, Inc. |
2,754 | 46,432 | ||||||
SeaWorld Entertainment, Inc. * |
4,795 | 218,221 | ||||||
Shake Shack, Inc., Class A * |
2,266 | 101,925 | ||||||
Six Flags Entertainment Corp. *@ |
3,483 | 61,649 | ||||||
Texas Roadhouse, Inc. |
6,983 | 609,337 | ||||||
Travel + Leisure Co. |
3,770 | 128,632 | ||||||
Vail Resorts, Inc. |
2,071 | 446,590 | ||||||
Wendys Co. (The) |
22,109 | 413,217 | ||||||
Wingstop, Inc. |
1,286 | 161,290 | ||||||
Wyndham Hotels & Resorts, Inc. |
5,481 | 336,259 | ||||||
Wynn Resorts Ltd. *@ |
4,811 | 303,237 | ||||||
|
|
|||||||
8,275,359 | ||||||||
|
|
|||||||
Household Durables 1.9% |
| |||||||
Bassett Furniture Industries, Inc. |
1,080 | 16,934 | ||||||
Beazer Homes USA, Inc. * |
1,643 | 15,888 | ||||||
Cavco Industries, Inc. * |
986 | 202,879 | ||||||
Century Communities, Inc. |
3,674 | 157,174 | ||||||
Ethan Allen Interiors, Inc. |
2,598 | 54,922 | ||||||
Flexsteel Industries, Inc. |
1,069 | 16,783 | ||||||
GoPro, Inc., Class A * |
6,985 | 34,436 | ||||||
Green Brick Partners, Inc. * |
4,024 | 86,033 | ||||||
Hamilton Beach Brands Holding Co., Class A |
2,000 | 23,340 | ||||||
Helen of Troy Ltd. * |
2,629 | 253,541 | ||||||
Hooker Furnishings Corp. |
1,742 | 23,500 | ||||||
Installed Building Products, Inc. |
3,050 | 247,019 | ||||||
iRobot Corp. * |
3,109 | 175,130 | ||||||
KB Home |
7,849 | 203,446 | ||||||
La-Z-Boy, Inc. |
4,321 | 97,525 | ||||||
Leggett & Platt, Inc. |
8,008 | 266,026 | ||||||
LGI Homes, Inc. * |
624 | 50,775 | ||||||
Lifetime Brands, Inc. |
3,200 | 21,664 | ||||||
M.D.C. Holdings, Inc. |
6,276 | 172,088 | ||||||
M/I Homes, Inc. * |
3,074 | 111,371 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Household Durables (Continued) |
| |||||||
Meritage Homes Corp. * |
3,491 | $ | 245,313 | |||||
Mohawk Industries, Inc. * |
3,847 | 350,808 | ||||||
Newell Brands, Inc. |
27,926 | 387,892 | ||||||
Orleans Homebuilders, Inc. *@§ |
4,953 | | ||||||
Skyline Champion Corp. * |
2,566 | 135,664 | ||||||
Sonos, Inc. * |
2,051 | 28,509 | ||||||
Taylor Morrison Home Corp. * |
9,778 | 228,023 | ||||||
Tempur Sealy International, Inc. |
19,486 | 470,392 | ||||||
Toll Brothers, Inc. |
10,507 | 441,294 | ||||||
TopBuild Corp. * |
3,486 | 574,423 | ||||||
TRI Pointe Homes, Inc. * |
12,577 | 190,038 | ||||||
Universal Electronics, Inc. * |
1,292 | 25,414 | ||||||
VOXX International Corp. * |
3,284 | 24,991 | ||||||
|
|
|||||||
5,333,235 | ||||||||
|
|
|||||||
Household Products 0.2% |
| |||||||
Central Garden & Pet Co. * |
1,247 | 44,942 | ||||||
Central Garden & Pet Co., Class A * |
4,555 | 155,599 | ||||||
Energizer Holdings, Inc. |
3,375 | 84,847 | ||||||
Spectrum Brands Holdings, Inc. |
2,858 | 111,548 | ||||||
WD-40 Co. @ |
1,589 | 279,251 | ||||||
|
|
|||||||
676,187 | ||||||||
|
|
|||||||
Independent Power Producers & Energy Traders 0.6% |
| |||||||
Atlantica Sustainable Infrastructure PLC |
1,800 | 47,340 | ||||||
Brookfield Renewable Corp. Class A |
2,097 | 68,530 | ||||||
Clearway Energy, Inc., Class A |
3,716 | 108,136 | ||||||
Clearway Energy, Inc., Class C |
9,495 | 302,416 | ||||||
Ormat Technologies, Inc. @ |
5,451 | 469,876 | ||||||
Sunnova Energy International, Inc. * |
6,655 | 146,942 | ||||||
Vistra Corp. |
28,253 | 593,313 | ||||||
|
|
|||||||
1,736,553 | ||||||||
|
|
|||||||
Insurance 4.4% |
| |||||||
Alleghany Corp. * |
781 | 655,548 | ||||||
Ambac Financial Group, Inc. * |
900 | 11,475 | ||||||
American Equity Investment Life Holding Co. |
10,429 | 388,897 | ||||||
American Financial Group, Inc. |
6,162 | 757,495 | ||||||
AMERISAFE, Inc. |
1,961 | 91,638 | ||||||
Argo Group International Holdings Ltd. |
3,856 | 74,267 | ||||||
Assurant, Inc. |
4,350 | 631,924 | ||||||
Assured Guaranty Ltd. |
4,657 | 225,632 | ||||||
Axis Capital Holdings Ltd. |
4,830 | 237,395 | ||||||
Brighthouse Financial, Inc. * |
5,115 | 222,093 | ||||||
BRP Group, Inc., Class A * |
3,130 | 82,476 | ||||||
Citizens, Inc. * |
6,126 | 20,461 | ||||||
CNO Financial Group, Inc. |
10,476 | 188,254 | ||||||
Crawford & Co., Class A |
5,638 | 32,362 | ||||||
Crawford & Co., Class B |
3,345 | 17,561 | ||||||
Donegal Group, Inc., Class A |
3,630 | 48,969 | ||||||
eHealth, Inc. * |
3,214 | 12,567 | ||||||
Employers Holdings, Inc. |
2,665 | 91,916 | ||||||
Enstar Group Ltd. * |
1,195 | 202,660 | ||||||
Erie Indemnity Co., Class A |
1,600 | 355,696 | ||||||
Everest Re Group Ltd. |
2,558 | 671,322 | ||||||
Fidelity National Financial, Inc. |
12,902 | 467,052 | ||||||
First American Financial Corp. |
7,508 | 346,119 | ||||||
Genworth Financial, Inc., Class A * |
14,918 | 52,213 | ||||||
Global Indemnity Group LLC Class A |
2,287 | 50,474 | ||||||
Globe Life, Inc. |
5,598 | 558,121 | ||||||
Hanover Insurance Group, Inc. (The) |
2,145 | 274,860 | ||||||
HCI Group, Inc. @ |
1,239 | 48,569 | ||||||
Horace Mann Educators Corp. |
4,392 | 154,994 |
SHARES | VALUE | |||||||
Investors Title Co. |
279 | $ | 39,339 | |||||
James River Group Holdings Ltd. |
829 | 18,909 | ||||||
Kemper Corp. |
5,843 | 241,082 | ||||||
Kinsale Capital Group, Inc. |
808 | 206,379 | ||||||
Lincoln National Corp. |
8,515 | 373,894 | ||||||
MBIA, Inc. * |
9,889 | 90,979 | ||||||
Mercury General Corp. |
5,031 | 142,981 | ||||||
Old Republic International Corp. |
20,327 | 425,444 | ||||||
Oscar Health, Inc., Class A * |
3,732 | 18,623 | ||||||
Palomar Holdings, Inc. * |
1,593 | 133,366 | ||||||
Primerica, Inc. |
4,105 | 506,762 | ||||||
Reinsurance Group of America, Inc. |
3,019 | 379,820 | ||||||
RenaissanceRe Holdings Ltd. |
2,896 | 406,569 | ||||||
RLI Corp. |
5,024 | 514,357 | ||||||
Safety Insurance Group, Inc. |
1,656 | 135,063 | ||||||
Selective Insurance Group, Inc. |
6,118 | 498,005 | ||||||
Stewart Information Services Corp. |
3,069 | 133,931 | ||||||
Unico American Corp. * |
1,700 | 2,023 | ||||||
United Fire Group, Inc. |
2,400 | 68,952 | ||||||
Universal Insurance Holdings, Inc. |
4,293 | 42,286 | ||||||
Unum Group |
14,680 | 569,584 | ||||||
White Mountains Insurance Group Ltd. |
170 | 221,513 | ||||||
|
|
|||||||
12,142,871 | ||||||||
|
|
|||||||
Interactive Media & Services 0.3% |
| |||||||
Angi, Inc. * |
2,836 | 8,366 | ||||||
Cargurus, Inc. * |
4,246 | 60,166 | ||||||
Cars.com, Inc. * |
3,931 | 45,206 | ||||||
DHI Group, Inc. * |
8,881 | 47,780 | ||||||
QuinStreet, Inc. * |
3,180 | 33,390 | ||||||
Shutterstock, Inc. |
2,721 | 136,513 | ||||||
Travelzoo * |
1,588 | 7,035 | ||||||
TripAdvisor, Inc. * |
4,226 | 93,310 | ||||||
Yelp, Inc. * |
3,472 | 117,736 | ||||||
Ziff Davis, Inc. * |
2,996 | 205,166 | ||||||
Zillow Group, Inc., Class A * |
1,513 | 43,317 | ||||||
Zillow Group, Inc., Class C *@ |
4,328 | 123,824 | ||||||
|
|
|||||||
921,809 | ||||||||
|
|
|||||||
Internet & Catalog Retail 0.1% |
| |||||||
1-800-Flowers.com, Inc., Class A * |
3,880 | 25,181 | ||||||
Duluth Holdings, Inc., Class B * |
1,185 | 8,343 | ||||||
Liquidity Services, Inc. * |
4,207 | 68,406 | ||||||
PetMed Express, Inc. |
2,360 | 46,067 | ||||||
Qurate Retail, Inc., Series A |
15,608 | 31,372 | ||||||
Revolve Group, Inc. *@ |
706 | 15,313 | ||||||
|
|
|||||||
194,682 | ||||||||
|
|
|||||||
IT Services 2.1% |
| |||||||
Amdocs Ltd. |
5,665 | 450,084 | ||||||
BM Technologies, Inc. * |
823 | 5,506 | ||||||
Cass Information Systems, Inc. |
1,788 | 62,026 | ||||||
Computer Task Group, Inc. * |
4,027 | 26,981 | ||||||
Concentrix Corp. |
3,341 | 372,956 | ||||||
Conduent, Inc. * |
5,702 | 19,045 | ||||||
CSG Systems International, Inc. |
4,225 | 223,418 | ||||||
DXC Technology Co. * |
10,737 | 262,842 | ||||||
Edgio, Inc. * |
15,146 | 42,106 | ||||||
Euronet Worldwide, Inc. * |
2,789 | 211,295 | ||||||
EVERTEC, Inc. |
4,311 | 135,150 | ||||||
Evo Payments, Inc., Class A * |
1,928 | 64,202 | ||||||
ExlService Holdings, Inc. * |
3,892 | 573,525 | ||||||
Flywire Corp. * |
4,301 | 98,751 | ||||||
Genpact Ltd. |
12,745 | 557,849 | ||||||
Globant SA * |
1,874 | 350,588 | ||||||
GoDaddy, Inc., Class A * |
8,025 | 568,812 | ||||||
Grid Dynamics Holdings, Inc. * |
4,703 | 88,087 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
IT Services (Continued) |
| |||||||
Hackett Group, Inc. (The) |
4,098 | $ | 72,616 | |||||
I3 Verticals, Inc., Class A * |
502 | 10,055 | ||||||
International Money Express, Inc. * |
1,977 | 45,056 | ||||||
Kyndryl Holdings, Inc. * |
2,623 | 21,692 | ||||||
Marqeta, Inc., Class A * |
1,798 | 12,802 | ||||||
Maximus, Inc. |
2,874 | 166,318 | ||||||
MoneyGram International, Inc. * |
131 | 1,362 | ||||||
Paya Holdings, Inc. * |
1,733 | 10,589 | ||||||
Perficient, Inc. * |
4,602 | 299,222 | ||||||
PFSweb, Inc. * |
3,727 | 34,736 | ||||||
Shift4 Payments, Inc., Class A * |
2,348 | 104,744 | ||||||
SolarWinds Corp. * |
2,568 | 19,902 | ||||||
Switch, Inc., Class A |
777 | 26,177 | ||||||
TTEC Holdings, Inc. |
4,929 | 218,404 | ||||||
Unisys Corp. * |
700 | 5,285 | ||||||
Verra Mobility Corp. * |
8,704 | 133,780 | ||||||
Western Union Co. (The) |
12,000 | 162,000 | ||||||
WEX, Inc. * |
2,575 | 326,870 | ||||||
|
|
|||||||
5,784,833 | ||||||||
|
|
|||||||
Leisure Equipment & Products 0.6% |
| |||||||
American Outdoor Brands, Inc. * |
1,946 | 17,066 | ||||||
Brunswick Corp. |
4,070 | 266,381 | ||||||
Escalade, Inc. |
1,950 | 19,402 | ||||||
Hasbro, Inc. |
3,528 | 237,858 | ||||||
Johnson Outdoors, Inc., Class A |
1,000 | 51,310 | ||||||
Malibu Boats, Inc., Class A * |
2,116 | 101,547 | ||||||
Marine Products Corp. |
3,930 | 33,248 | ||||||
MasterCraft Boat Holdings, Inc. * |
2,183 | 41,150 | ||||||
Mattel, Inc. * |
16,916 | 320,389 | ||||||
Nautilus, Inc. * |
2,812 | 4,584 | ||||||
Polaris, Inc. |
3,530 | 337,644 | ||||||
Smith & Wesson Brands, Inc. |
4,598 | 47,681 | ||||||
Topgolf Callaway Brands Corp. * |
4,593 | 88,461 | ||||||
Vista Outdoor, Inc. * |
4,383 | 106,595 | ||||||
YETI Holdings, Inc. * |
1,234 | 35,194 | ||||||
|
|
|||||||
1,708,510 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 0.8% |
| |||||||
Adaptive Biotechnologies Corp. * |
4,578 | 32,595 | ||||||
Azenta, Inc. |
937 | 40,160 | ||||||
Bruker Corp. |
10,230 | 542,804 | ||||||
Charles River Laboratories International, Inc. * |
527 | 103,714 | ||||||
CryoPort, Inc. * |
2,497 | 60,827 | ||||||
Harvard Bioscience, Inc. * |
5,522 | 14,136 | ||||||
Medpace Holdings, Inc. * |
2,141 | 336,501 | ||||||
NeoGenomics, Inc. * |
5,114 | 44,031 | ||||||
Repligen Corp. * |
4,248 | 794,843 | ||||||
Sotera Health Co. * |
7,130 | 48,627 | ||||||
Syneos Health, Inc. * |
7,400 | 348,910 | ||||||
|
|
|||||||
2,367,148 | ||||||||
|
|
|||||||
Machinery 4.6% |
| |||||||
AGCO Corp. |
5,729 | 550,958 | ||||||
Alamo Group, Inc. |
1,320 | 161,396 | ||||||
Albany International Corp., Class A |
3,573 | 281,660 | ||||||
Allison Transmission Holdings, Inc. |
6,647 | 224,403 | ||||||
Altra Industrial Motion Corp. |
2,666 | 89,631 | ||||||
Astec Industries, Inc. |
1,967 | 61,351 |
SHARES | VALUE | |||||||
Barnes Group, Inc. |
4,989 | $ | 144,082 | |||||
Blue Bird Corp. *@ |
662 | 5,528 | ||||||
Chart Industries, Inc. *@ |
3,344 | 616,466 | ||||||
CIRCOR International, Inc. * |
2,600 | 42,874 | ||||||
Columbus McKinnon Corp. |
2,642 | 69,115 | ||||||
Commercial Vehicle Group, Inc. * |
3,758 | 16,911 | ||||||
Crane Holdings Co. |
3,089 | 270,411 | ||||||
Donaldson Co., Inc. |
8,206 | 402,176 | ||||||
Douglas Dynamics, Inc. |
2,507 | 70,246 | ||||||
Eastern Co. (The) |
1,272 | 22,069 | ||||||
Enerpac Tool Group Corp. |
6,499 | 115,877 | ||||||
EnPro Industries, Inc. |
2,344 | 199,193 | ||||||
Esab Corp. |
418 | 13,944 | ||||||
ESCO Technologies, Inc. |
2,646 | 194,322 | ||||||
Federal Signal Corp. |
5,985 | 223,360 | ||||||
Flowserve Corp. |
5,054 | 122,812 | ||||||
Franklin Electric Co., Inc. |
5,666 | 462,969 | ||||||
Gorman-Rupp Co. (The) |
3,803 | 90,473 | ||||||
Graco, Inc. |
10,654 | 638,707 | ||||||
Graham Corp. |
1,759 | 15,462 | ||||||
Greenbrier Cos., Inc. (The) |
3,984 | 96,692 | ||||||
Helios Technologies, Inc. |
3,760 | 190,256 | ||||||
Hurco Cos., Inc. |
1,000 | 22,480 | ||||||
Hyster-Yale Materials Handling, Inc. |
1,765 | 37,965 | ||||||
ITT, Inc. |
5,131 | 335,260 | ||||||
John Bean Technologies Corp. |
3,520 | 302,720 | ||||||
Kadant, Inc. |
1,660 | 276,905 | ||||||
Kennametal, Inc. |
6,340 | 130,477 | ||||||
LB Foster Co., Class A * |
2,165 | 21,130 | ||||||
Lincoln Electric Holdings, Inc. |
3,365 | 423,048 | ||||||
Lindsay Corp. |
1,209 | 173,226 | ||||||
Manitex International, Inc. * |
1,300 | 7,449 | ||||||
Manitowoc Co., Inc. (The) * |
3,607 | 27,954 | ||||||
Middleby Corp. (The) * |
4,055 | 519,729 | ||||||
Miller Industries, Inc. |
1,261 | 26,847 | ||||||
Mueller Industries, Inc. |
6,958 | 413,584 | ||||||
Mueller Water Products, Inc., Class A |
16,726 | 171,776 | ||||||
Nordson Corp. |
2,976 | 631,716 | ||||||
Omega Flex, Inc. @ |
1,002 | 92,805 | ||||||
Oshkosh Corp. |
4,130 | 290,298 | ||||||
Park-Ohio Holdings Corp. |
2,182 | 24,678 | ||||||
Pentair PLC |
11,013 | 447,458 | ||||||
Perma-Pipe International Holdings, Inc. * |
1,900 | 17,955 | ||||||
RBC Bearings, Inc. * |
336 | 69,824 | ||||||
Shyft Group, Inc. (The) |
3,913 | 79,943 | ||||||
Snap-On, Inc. |
1,600 | 322,160 | ||||||
SPX Technologies, Inc. * |
4,956 | 273,670 | ||||||
Standex International Corp. |
1,427 | 116,515 | ||||||
Tennant Co. |
2,037 | 115,213 | ||||||
Terex Corp. |
6,869 | 204,284 | ||||||
Timken Co. (The) |
6,902 | 407,494 | ||||||
Titan International, Inc. * |
7,879 | 95,651 | ||||||
Toro Co. (The) |
7,421 | 641,768 | ||||||
Trinity Industries, Inc. |
4,908 | 104,786 | ||||||
Wabash National Corp. |
6,446 | 100,300 | ||||||
Watts Water Technologies, Inc., Class A |
3,406 | 428,236 | ||||||
|
|
|||||||
12,748,648 | ||||||||
|
|
|||||||
Marine 0.2% |
| |||||||
Costamare, Inc. |
5,728 | 51,266 | ||||||
Eagle Bulk Shipping, Inc. @ |
436 | 18,827 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
||||||||
Marine (Continued) |
| |||||||
Kirby Corp. * |
4,368 | $ | 265,443 | |||||
Matson, Inc. |
5,291 | 325,502 | ||||||
|
|
|||||||
661,038 | ||||||||
|
|
|||||||
Media 1.2% |
| |||||||
Altice USA, Inc., Class A * |
21,205 | 123,625 | ||||||
AMC Networks, Inc., Class A * |
880 | 17,864 | ||||||
Boston Omaha Corp., Class A * |
789 | 18,179 | ||||||
Cable One, Inc. |
397 | 338,661 | ||||||
DISH Network Corp., Class A * |
4,087 | 56,523 | ||||||
Entravision Communications Corp., Class A |
5,678 | 22,542 | ||||||
EW Scripps Co. (The), Class A * |
7,073 | 79,713 | ||||||
Gannett Co., Inc. * |
1 | 2 | ||||||
Gray Television, Inc. |
8,433 | 120,761 | ||||||
iHeartMedia, Inc., Class A * |
2,052 | 15,041 | ||||||
Interpublic Group of Cos., Inc. (The) |
16,227 | 415,411 | ||||||
John Wiley & Sons, Inc., Class A |
2,818 | 105,844 | ||||||
Loyalty Ventures, Inc. *@ |
889 | 1,076 | ||||||
New York Times Co. (The), Class A |
18,114 | 520,777 | ||||||
News Corp., Class A |
19,977 | 301,852 | ||||||
News Corp., Class B |
7,188 | 110,839 | ||||||
Nexstar Media Group, Inc. Class A |
4,189 | 698,935 | ||||||
PubMatic, Inc., Class A * |
764 | 12,705 | ||||||
Saga Communications, Inc., Class A |
664 | 17,364 | ||||||
Scholastic Corp. |
3,519 | 108,244 | ||||||
Sinclair Broadcast Group, Inc., Class A |
2,132 | 38,568 | ||||||
TechTarget, Inc. * |
3,517 | 208,206 | ||||||
Thryv Holdings, Inc. * |
855 | 19,520 | ||||||
WideOpenWest, Inc. * |
4,405 | 54,049 | ||||||
|
|
|||||||
3,406,301 | ||||||||
|
|
|||||||
Metals & Mining 2.1% |
| |||||||
Alcoa Corp. |
16,066 | 540,782 | ||||||
Alpha Metallurgical Resources, Inc. |
550 | 75,262 | ||||||
Arconic Corp. * |
2,519 | 42,924 | ||||||
ATI, Inc. * |
14,726 | 391,859 | ||||||
Carpenter Technology Corp. |
3,912 | 121,820 | ||||||
Century Aluminum Co. * |
8,912 | 47,055 | ||||||
Cleveland-Cliffs, Inc. * |
21,519 | 289,861 | ||||||
Coeur Mining, Inc. * |
9,190 | 31,430 | ||||||
Commercial Metals Co. |
13,236 | 469,613 | ||||||
Compass Minerals International, Inc. |
620 | 23,889 | ||||||
Ferroglobe PLC * |
6,755 | 35,666 | ||||||
Ferroglobe Representation & Warranty Insurance Trust *§ |
24,025 | | ||||||
Fortitude Gold Corp. |
4,671 | 25,831 | ||||||
Friedman Industries, Inc. |
700 | 4,977 | ||||||
Haynes International, Inc. |
1,229 | 43,162 | ||||||
Hecla Mining Co. |
30,869 | 121,624 | ||||||
Kaiser Aluminum Corp. |
2,372 | 145,522 | ||||||
Materion Corp. |
2,319 | 185,520 | ||||||
MP Materials Corp. * |
4,280 | 116,844 | ||||||
Olympic Steel, Inc. |
1,200 | 27,372 | ||||||
Reliance Steel & Aluminum Co. |
5,864 | 1,022,740 | ||||||
Royal Gold, Inc. |
4,388 | 411,682 | ||||||
Ryerson Holding Corp. |
5,114 | 131,634 | ||||||
Schnitzer Steel Industries, Inc., Class A |
2,809 | 79,944 | ||||||
Steel Dynamics, Inc. |
14,567 | 1,033,529 | ||||||
SunCoke Energy, Inc. |
8,204 | 47,665 | ||||||
TimkenSteel Corp. * |
5,303 | 79,492 | ||||||
United States Steel Corp. |
11,074 | 200,661 | ||||||
Warrior Met Coal, Inc. |
738 | 20,989 |
SHARES | VALUE | |||||||
Worthington Industries, Inc. |
4,458 | $ | 170,028 | |||||
|
|
|||||||
5,939,377 | ||||||||
|
|
|||||||
Multi-Utilities 0.5% |
| |||||||
Avista Corp. |
6,896 | 255,497 | ||||||
Black Hills Corp. |
6,023 | 407,938 | ||||||
NiSource, Inc. |
18,689 | 470,776 | ||||||
NorthWestern Corp. |
4,148 | 204,413 | ||||||
Unitil Corp. |
1,923 | 89,323 | ||||||
|
|
|||||||
1,427,947 | ||||||||
|
|
|||||||
Multiline Retail 0.4% |
| |||||||
Big Lots, Inc. @ |
2,922 | 45,613 | ||||||
Dillards, Inc., Class A |
1,103 | 300,854 | ||||||
Franchise Group, Inc. @ |
610 | 14,823 | ||||||
Kohls Corp. |
8,435 | 212,140 | ||||||
Macys, Inc. |
19,449 | 304,766 | ||||||
Nordstrom, Inc. @ |
2,914 | 48,751 | ||||||
Ollies Bargain Outlet Holdings, Inc. * |
3,753 | 193,655 | ||||||
|
|
|||||||
1,120,602 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.4% |
| |||||||
Adams Resources & Energy, Inc. |
536 | 15,973 | ||||||
Alto Ingredients, Inc. * |
5,761 | 20,970 | ||||||
Amplify Energy Corp. * |
1,867 | 12,266 | ||||||
Antero Midstream Corp. |
21,664 | 198,876 | ||||||
Antero Resources Corp. * |
2,945 | 89,911 | ||||||
APA Corp. |
13,841 | 473,224 | ||||||
Arch Resources, Inc. |
1,708 | 202,569 | ||||||
Ardmore Shipping Corp. * |
1,612 | 14,718 | ||||||
Berry Corp. |
4,166 | 31,245 | ||||||
Brigham Minerals, Inc., Class A |
2,113 | 52,128 | ||||||
California Resources Corp. |
3,020 | 116,059 | ||||||
Callon Petroleum Co. * |
3,157 | 110,527 | ||||||
Centrus Energy Corp. Class A * |
400 | 16,392 | ||||||
Chesapeake Energy Corp. @ |
4,468 | 420,930 | ||||||
Chord Energy Corp. |
804 | 109,963 | ||||||
Civitas Resources, Inc. |
1,752 | 100,547 | ||||||
Clean Energy Fuels Corp. * |
20,279 | 108,290 | ||||||
CNX Resources Corp. * |
16,780 | 260,593 | ||||||
Comstock Resources, Inc. * |
8,329 | 144,008 | ||||||
CONSOL Energy, Inc. |
2,376 | 152,824 | ||||||
CVR Energy, Inc. |
2,454 | 71,117 | ||||||
Delek US Holdings, Inc. |
7,082 | 192,205 | ||||||
Denbury, Inc. * |
1,548 | 133,530 | ||||||
DHT Holdings, Inc. |
11,638 | 87,983 | ||||||
Dorian LPG Ltd. |
3,332 | 45,215 | ||||||
Earthstone Energy, Inc., Class A *@ |
6,835 | 84,207 | ||||||
EnLink Midstream LLC |
27,038 | 240,368 | ||||||
EQT Corp. |
16,054 | 654,200 | ||||||
Equitrans Midstream Corp. |
13,839 | 103,516 | ||||||
Evolution Petroleum Corp. |
5,356 | 37,278 | ||||||
Green Plains, Inc. * |
5,096 | 148,141 | ||||||
Gulfport Energy Corp. * |
707 | 62,421 | ||||||
HF Sinclair Corp. |
9,611 | 517,456 | ||||||
International Seaways, Inc. |
4,383 | 153,975 | ||||||
Kosmos Energy Ltd. * |
18,274 | 94,477 | ||||||
Laredo Petroleum, Inc. * |
578 | 36,327 | ||||||
Magnolia Oil & Gas Corp., Class A |
7,613 | 150,814 | ||||||
Matador Resources Co. |
10,827 | 529,657 | ||||||
Murphy Oil Corp. |
13,521 | 475,534 | ||||||
NACCO Industries, Inc., Class A |
1,000 | 47,030 | ||||||
New Fortress Energy, Inc. |
3,932 | 171,868 | ||||||
Northern Oil and Gas, Inc. |
1,306 | 35,797 | ||||||
Overseas Shipholding Group, Inc., Class A * |
11,837 | 35,156 | ||||||
Ovintiv, Inc. |
255 | 11,730 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Oil, Gas & Consumable Fuels (Continued) |
| |||||||
Par Pacific Holdings, Inc. * |
4,135 | $ | 67,855 | |||||
PBF Energy, Inc., Class A * |
10,429 | 366,684 | ||||||
PDC Energy, Inc. |
8,838 | 510,748 | ||||||
Peabody Energy Corp. *@ |
3,580 | 88,856 | ||||||
Permian Resources Corp., Class A * |
14,045 | 95,506 | ||||||
Range Resources Corp. |
10,825 | 273,439 | ||||||
Rex American Resources Corp. * |
2,364 | 66,003 | ||||||
SandRidge Energy, Inc. * |
2,175 | 35,474 | ||||||
Scorpio Tankers, Inc. |
4,277 | 179,805 | ||||||
SFL Corp. Ltd. |
10,975 | 99,982 | ||||||
SM Energy Co. |
2,124 | 79,884 | ||||||
Southwestern Energy Co. * |
62,679 | 383,595 | ||||||
Talos Energy, Inc. * |
3,212 | 53,480 | ||||||
Teekay Tankers Ltd., Class A * |
1,197 | 32,965 | ||||||
Texas Pacific Land Corp. |
152 | 270,139 | ||||||
W&T Offshore, Inc. * |
6,591 | 38,623 | ||||||
World Fuel Services Corp. |
4,796 | 112,418 | ||||||
|
|
|||||||
9,527,471 | ||||||||
|
|
|||||||
Paper & Forest Products 0.3% |
| |||||||
Clearwater Paper Corp. * |
1,838 | 69,109 | ||||||
Glatfelter Corp. |
4,665 | 14,508 | ||||||
Louisiana-Pacific Corp. |
10,788 | 552,238 | ||||||
Mercer International, Inc. |
7,857 | 96,641 | ||||||
Resolute Forest Products, Inc. * |
7,629 | 152,580 | ||||||
Sylvamo Corp. |
1,229 | 41,663 | ||||||
|
|
|||||||
926,739 | ||||||||
|
|
|||||||
Personal Products 0.5% |
| |||||||
BellRing Brands, Inc. * |
6,987 | 144,002 | ||||||
Coty, Inc., Class A * |
43,703 | 276,203 | ||||||
Edgewell Personal Care Co. |
3,865 | 144,551 | ||||||
elf Beauty, Inc. * |
2,995 | 112,672 | ||||||
Herbalife Nutrition Ltd. * |
5,137 | 102,175 | ||||||
Inter Parfums, Inc. |
3,888 | 293,389 | ||||||
Medifast, Inc. |
1,490 | 161,456 | ||||||
Natural Alternatives International, Inc. * |
1,000 | 9,270 | ||||||
Natures Sunshine Products, Inc. * |
1,700 | 14,008 | ||||||
Nu Skin Enterprises, Inc., Class A |
3,817 | 127,373 | ||||||
United-Guardian, Inc. |
600 | 6,816 | ||||||
USANA Health Sciences, Inc. * |
2,205 | 123,590 | ||||||
|
|
|||||||
1,515,505 | ||||||||
|
|
|||||||
Pharmaceuticals 1.0% |
| |||||||
Amneal Pharmaceuticals, Inc. * |
7,273 | 14,692 | ||||||
Amphastar Pharmaceuticals, Inc. * |
5,670 | 159,327 | ||||||
ANI Pharmaceuticals, Inc. * |
1,305 | 41,943 | ||||||
Cara Therapeutics, Inc. *@ |
2,304 | 21,565 | ||||||
Collegium Pharmaceutical, Inc. * |
1,890 | 30,278 | ||||||
Contra Zogenix, Inc. @*§ |
3,347 | 1,707 | ||||||
Corcept Therapeutics, Inc. * |
7,059 | 180,993 | ||||||
Cumberland Pharmaceuticals, Inc. * |
5,912 | 14,248 | ||||||
Cymabay Therapeutics, Inc. * |
2,700 | 9,450 | ||||||
Edgewise Therapeutics, Inc. * |
1,162 | 11,434 | ||||||
Elanco Animal Health, Inc. * |
12,367 | 153,475 | ||||||
Harmony Biosciences Holdings, Inc. * |
2,707 | 119,893 | ||||||
Innoviva, Inc. * |
5,963 | 69,230 | ||||||
Intra-Cellular Therapies, Inc. * |
4,163 | 193,704 | ||||||
Jazz Pharmaceuticals PLC * |
4,329 | 577,012 | ||||||
Organon & Co. |
7,250 | 169,650 |
SHARES | VALUE | |||||||
Pacira BioSciences, Inc. * |
2,517 | $ | 133,879 | |||||
Perrigo Co. PLC |
12,427 | 443,147 | ||||||
Prestige Consumer Healthcare, Inc. * |
6,078 | 302,867 | ||||||
SIGA Technologies, Inc. |
1,900 | 19,570 | ||||||
Supernus Pharmaceuticals, Inc. * |
5,158 | 174,598 | ||||||
Taro Pharmaceutical Industries Ltd. * |
782 | 23,444 | ||||||
|
|
|||||||
2,866,106 | ||||||||
|
|
|||||||
Professional Services 2.7% |
||||||||
ASGN, Inc. * |
5,882 | 531,556 | ||||||
Barrett Business Services, Inc. |
935 | 72,930 | ||||||
Booz Allen Hamilton Holding Corp. |
2,134 | 197,075 | ||||||
CACI International, Inc., Class A * |
2,530 | 660,482 | ||||||
CBIZ, Inc. * |
6,173 | 264,081 | ||||||
CRA International, Inc. |
773 | 68,596 | ||||||
Exponent, Inc. |
5,886 | 516,026 | ||||||
Forrester Research, Inc. * |
2,360 | 84,984 | ||||||
Franklin Covey Co. * |
2,254 | 102,309 | ||||||
FTI Consulting, Inc. * |
3,703 | 613,624 | ||||||
Heidrick & Struggles International, Inc. |
1,928 | 50,109 | ||||||
Huron Consulting Group, Inc. * |
2,643 | 175,099 | ||||||
ICF International, Inc. |
2,012 | 219,348 | ||||||
Insperity, Inc. |
4,545 | 463,999 | ||||||
KBR, Inc. |
14,771 | 638,403 | ||||||
Kelly Services, Inc., Class A |
3,132 | 42,564 | ||||||
Kforce, Inc. |
3,397 | 199,234 | ||||||
Korn Ferry |
5,760 | 270,432 | ||||||
Manpowergroup, Inc. |
3,514 | 227,321 | ||||||
Mastech Digital, Inc. * |
2,122 | 31,342 | ||||||
Mistras Group, Inc. * |
3,084 | 13,755 | ||||||
Nielsen Holdings PLC |
18,993 | 526,486 | ||||||
RCM Technologies, Inc. * |
2,995 | 49,986 | ||||||
Resources Connection, Inc. |
3,396 | 61,366 | ||||||
Robert Half International, Inc. |
7,950 | 608,175 | ||||||
Science Applications International Corp. |
2,559 | 226,292 | ||||||
TriNet Group, Inc. * |
7,048 | 501,958 | ||||||
TrueBlue, Inc. * |
3,431 | 65,463 | ||||||
|
|
|||||||
7,482,995 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 0.0% |
| |||||||
Contra Zagg, Inc. *§ |
6,699 | | ||||||
|
|
|||||||
Real Estate Management & Development 0.6% |
| |||||||
Cushman & Wakefield PLC * |
5,956 | 68,196 | ||||||
Douglas Elliman, Inc. |
3,838 | 15,736 | ||||||
Forestar Group, Inc. * |
1,150 | 12,868 | ||||||
Howard Hughes Corp. (The) * |
1,942 | 107,567 | ||||||
Jones Lang LaSalle, Inc. * |
3,879 | 586,001 | ||||||
Kennedy-Wilson Holdings, Inc. |
13,722 | 212,142 | ||||||
Marcus & Millichap, Inc. |
3,263 | 106,961 | ||||||
Maui Land & Pineapple Co., Inc. * |
2,324 | 21,404 | ||||||
Newmark Group, Inc., Class A |
24,049 | 193,835 | ||||||
RE/MAX Holdings, Inc., Class A |
1,837 | 34,738 | ||||||
RMR Group, Inc. (The) Class A |
1,159 | 27,457 | ||||||
St. Joe Co. (The) |
3,300 | 105,699 | ||||||
Stratus Properties, Inc. |
313 | 7,293 | ||||||
Tejon Ranch Co. * |
2,949 | 42,466 | ||||||
|
|
|||||||
1,542,363 | ||||||||
|
|
|||||||
Road & Rail 1.2% |
| |||||||
AMERCO |
1,058 | 538,755 | ||||||
ArcBest Corp. |
3,093 | 224,954 | ||||||
Covenant Logistics Group, Inc. |
1,911 | 54,846 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Road & Rail (Continued) |
| |||||||
Heartland Express, Inc. |
8,017 | $ | 114,723 | |||||
Knight-Swift Transportation Holdings, Inc. |
10,458 | 511,710 | ||||||
Landstar System, Inc. |
2,867 | 413,909 | ||||||
Marten Transport Ltd. |
7,902 | 151,402 | ||||||
P.A.M. Transportation Services, Inc. * |
6,092 | 188,608 | ||||||
Saia, Inc. * |
3,397 | 645,430 | ||||||
Schneider National, Inc., Class B |
1,500 | 30,450 | ||||||
Universal Logistics Holdings, Inc. |
2,551 | 80,918 | ||||||
Werner Enterprises, Inc. |
6,797 | 255,567 | ||||||
XPO Logistics, Inc. * |
422 | 18,787 | ||||||
Yellow Corp. * |
2,108 | 10,688 | ||||||
|
|
|||||||
3,240,747 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 3.4% |
| |||||||
Alpha & Omega Semiconductor Ltd. * |
2,886 | 88,773 | ||||||
Ambarella, Inc. * |
1,986 | 111,574 | ||||||
Amkor Technology, Inc. |
25,678 | 437,810 | ||||||
Amtech Systems, Inc. * |
2,822 | 23,987 | ||||||
Axcelis Technologies, Inc. * |
3,944 | 238,849 | ||||||
AXT, Inc. * |
5,653 | 37,875 | ||||||
Ceva, Inc. * |
3,095 | 81,182 | ||||||
Cirrus Logic, Inc. * |
5,956 | 409,773 | ||||||
Cohu, Inc. * |
5,114 | 131,839 | ||||||
Cyberoptics Corp. * |
1,123 | 60,395 | ||||||
Diodes, Inc. * |
5,169 | 335,520 | ||||||
First Solar, Inc. * |
8,994 | 1,189,636 | ||||||
FormFactor, Inc. * |
9,854 | 246,843 | ||||||
GSI Technology, Inc. * |
4,641 | 13,227 | ||||||
Ichor Holdings Ltd. * |
400 | 9,684 | ||||||
Kulicke & Soffa Industries, Inc. |
5,924 | 228,252 | ||||||
Lattice Semiconductor Corp. * |
15,739 | 774,516 | ||||||
MACOM Technology Solutions Holdings, Inc. * |
1,603 | 83,019 | ||||||
Magnachip Semiconductor Corp. * |
4,588 | 46,981 | ||||||
MaxLinear, Inc. * |
7,715 | 251,663 | ||||||
MKS Instruments, Inc. |
5,561 | 459,561 | ||||||
NVE Corp. |
502 | 23,418 | ||||||
Onto Innovation, Inc. * |
4,376 | 280,283 | ||||||
PDF Solutions, Inc. * |
4,938 | 121,129 | ||||||
Photronics, Inc. * |
7,008 | 102,457 | ||||||
Power Integrations, Inc. |
6,542 | 420,781 | ||||||
Qorvo, Inc. * |
992 | 78,775 | ||||||
Rambus, Inc. * |
14,241 | 362,006 | ||||||
Semtech Corp. * |
7,337 | 215,781 | ||||||
Silicon Laboratories, Inc. * |
3,982 | 491,538 | ||||||
Synaptics, Inc. * |
5,027 | 497,723 | ||||||
Ultra Clean Holdings, Inc. * |
4,298 | 110,674 | ||||||
Universal Display Corp. |
3,037 | 286,541 | ||||||
Veeco Instruments, Inc. *@ |
4,666 | 85,481 | ||||||
Wolfspeed, Inc. *@ |
10,030 | 1,036,701 | ||||||
|
|
|||||||
9,374,247 | ||||||||
|
|
|||||||
Software 2.8% |
| |||||||
A10 Networks, Inc. |
6,016 | 79,832 | ||||||
ACI Worldwide, Inc. * |
12,870 | 268,983 | ||||||
Agilysys, Inc. * |
2,848 | 157,637 | ||||||
Alarm.com Holdings, Inc. * |
3,575 | 231,874 | ||||||
Altair Engineering, Inc., Class A * |
3,033 | 134,119 | ||||||
American Software, Inc., Class A |
4,461 | 68,342 | ||||||
Appfolio, Inc., Class A * |
2,105 | 220,436 | ||||||
Aspen Technology, Inc. * |
1,995 | 475,209 | ||||||
Avalara, Inc. * |
2,767 | 254,011 | ||||||
Bentley Systems, Inc., Class B |
545 | 16,672 | ||||||
Black Knight, Inc. * |
200 | 12,946 |
SHARES | VALUE | |||||||
Blackbaud, Inc. * |
5,719 | $ | 251,979 | |||||
Box, Inc., Class A * |
6,867 | 167,486 | ||||||
Commvault Systems, Inc. * |
2,675 | 141,882 | ||||||
Confluent, Inc., Class A * |
2,654 | 63,086 | ||||||
Consensus Cloud Solutions, Inc. * |
1,449 | 68,538 | ||||||
Dolby Laboratories, Inc., Class A |
2,281 | 148,607 | ||||||
DoubleVerify Holdings, Inc. * |
4,181 | 114,350 | ||||||
Dropbox, Inc., Class A * |
12,642 | 261,942 | ||||||
Duck Creek Technologies, Inc. * |
742 | 8,793 | ||||||
Dynatrace, Inc. * |
5,728 | 199,392 | ||||||
Ebix, Inc. @ |
2,155 | 40,880 | ||||||
eGain Corp. * |
4,304 | 31,634 | ||||||
Elastic NV * |
316 | 22,670 | ||||||
Envestnet, Inc. * |
3,097 | 137,507 | ||||||
EverCommerce, Inc. * |
921 | 10,067 | ||||||
Fair Isaac Corp. * |
305 | 125,663 | ||||||
Guidewire Software, Inc. * |
4,139 | 254,880 | ||||||
InterDigital, Inc. |
3,064 | 123,847 | ||||||
Jamf Holding Corp. *@ |
4,231 | 93,759 | ||||||
Liveramp Holdings, Inc. * |
8,339 | 151,436 | ||||||
Manhattan Associates, Inc. * |
3,948 | 525,202 | ||||||
MeridianLink, Inc. * |
630 | 10,256 | ||||||
Mitek Systems, Inc. * |
1,166 | 10,681 | ||||||
N-able, Inc. *@ |
4,559 | 42,080 | ||||||
NCR Corp. * |
2,088 | 39,693 | ||||||
OneSpan, Inc. * |
1,602 | 13,793 | ||||||
Paylocity Holding Corp. * |
3,577 | 864,132 | ||||||
Ping Identity Holding Corp. * |
1,910 | 53,614 | ||||||
Progress Software Corp. |
4,772 | 203,049 | ||||||
Qualys, Inc. * |
4,157 | 579,444 | ||||||
Rimini Street, Inc. * |
2,200 | 10,252 | ||||||
Sapiens International Corp. NV |
2,496 | 47,873 | ||||||
SentinelOne, Inc., Class A * |
3,811 | 97,409 | ||||||
SPS Commerce, Inc. * |
1,282 | 159,263 | ||||||
Sumo Logic, Inc. * |
3,905 | 29,287 | ||||||
Teradata Corp. * |
6,462 | 200,710 | ||||||
Verint Systems, Inc. * |
6,847 | 229,922 | ||||||
Xperi Holding Corp. |
7,577 | 107,139 | ||||||
Yext, Inc. * |
4,488 | 20,016 | ||||||
Zendesk, Inc. * |
1,480 | 112,628 | ||||||
|
|
|||||||
7,694,902 | ||||||||
|
|
|||||||
Specialty Retail 3.3% |
| |||||||
Aarons Co. Inc. (The) |
4,459 | 43,342 | ||||||
Abercrombie & Fitch Co., Class A * |
3,004 | 46,712 | ||||||
Advance Auto Parts, Inc. |
4,402 | 688,209 | ||||||
Americas Car-Mart, Inc. * |
822 | 50,159 | ||||||
American Eagle Outfitters, Inc. @ |
17,377 | 169,078 | ||||||
Asbury Automotive Group, Inc. * |
2,143 | 323,807 | ||||||
AutoNation, Inc. * |
4,060 | 413,592 | ||||||
Bath & Body Works, Inc. |
4,874 | 158,892 | ||||||
Boot Barn Holdings, Inc. * |
3,866 | 226,006 | ||||||
Buckle, Inc. (The) |
5,018 | 158,870 | ||||||
Build-A-Bear Workshop, Inc. |
1,640 | 21,861 | ||||||
Burlington Stores, Inc. * |
420 | 46,994 | ||||||
Caleres, Inc. |
3,874 | 93,828 | ||||||
Cato Corp. (The) Class A |
2,638 | 25,167 | ||||||
Childrens Place, Inc. (The) * |
1,314 | 40,590 | ||||||
Citi Trends, Inc. * |
818 | 12,687 | ||||||
Conns, Inc. *@ |
3,722 | 26,352 | ||||||
Container Store Group, Inc. (The) * |
2,100 | 10,290 | ||||||
Dicks Sporting Goods, Inc. @ |
6,038 | 631,816 | ||||||
Five Below, Inc. * |
5,505 | 757,873 | ||||||
Floor & Decor Holdings, Inc., Class A * |
4,489 | 315,397 | ||||||
Foot Locker, Inc. |
5,397 | 168,009 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Specialty Retail (Continued) |
| |||||||
GameStop Corp., Class A * |
2,796 | $ | 70,264 | |||||
Gap, Inc. (The) @ |
5,821 | 47,790 | ||||||
Genesco, Inc. * |
1,490 | 58,587 | ||||||
Group 1 Automotive, Inc. |
2,005 | 286,454 | ||||||
Guess?, Inc. |
5,086 | 74,612 | ||||||
Haverty Furniture Cos., Inc. |
1,983 | 49,377 | ||||||
Hibbett, Inc. |
1,600 | 79,696 | ||||||
Leslies, Inc. *@ |
6,501 | 95,630 | ||||||
Lithia Motors, Inc. |
3,347 | 718,099 | ||||||
MarineMax, Inc. * |
2,209 | 65,806 | ||||||
Monro, Inc. |
3,090 | 134,291 | ||||||
Murphy USA, Inc. |
3,190 | 876,963 | ||||||
National Vision Holdings, Inc. * |
2,140 | 69,871 | ||||||
ODP Corp. (The) * |
3,360 | 118,104 | ||||||
Penske Automotive Group, Inc. |
1,742 | 171,465 | ||||||
Rent-A-Center, Inc. |
6,271 | 109,805 | ||||||
RH *@ |
540 | 132,878 | ||||||
Sally Beauty Holdings, Inc. * |
4,925 | 62,055 | ||||||
Shoe Carnival, Inc. |
3,062 | 65,649 | ||||||
Signet Jewelers Ltd. |
5,809 | 332,217 | ||||||
Sleep Number Corp. * |
3,221 | 108,902 | ||||||
Sonic Automotive, Inc., Class A |
3,080 | 133,364 | ||||||
Sportsmans Warehouse Holdings, Inc. * |
3,058 | 25,381 | ||||||
Tillys, Inc., Class A |
1,836 | 12,705 | ||||||
TravelCenters of America, Inc. * |
1,344 | 72,482 | ||||||
Urban Outfitters, Inc. * |
3,938 | 77,382 | ||||||
Victorias Secret & Co. * |
1,802 | 52,474 | ||||||
Williams-Sonoma, Inc. |
4,058 | 478,235 | ||||||
Winmark Corp. |
554 | 119,852 | ||||||
Zumiez, Inc. * |
2,406 | 51,801 | ||||||
|
|
|||||||
9,181,722 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.3% |
| |||||||
Capri Holdings Ltd. * |
8,276 | 318,129 | ||||||
Carters, Inc. |
1,939 | 127,063 | ||||||
Columbia Sportswear Co. |
4,507 | 303,321 | ||||||
Deckers Outdoor Corp. * |
2,964 | 926,576 | ||||||
Delta Apparel, Inc. * |
1,153 | 16,130 | ||||||
G-III Apparel Group Ltd. * |
5,008 | 74,870 | ||||||
Hanesbrands, Inc. |
2,698 | 18,778 | ||||||
Kontoor Brands, Inc. |
1,733 | 58,246 | ||||||
Lakeland Industries, Inc. * |
1,669 | 19,243 | ||||||
Movado Group, Inc. |
2,220 | 62,560 | ||||||
Oxford Industries, Inc. |
1,665 | 149,484 | ||||||
PVH Corp. |
4,448 | 199,270 | ||||||
Ralph Lauren Corp. |
2,279 | 193,555 | ||||||
Rocky Brands, Inc. |
1,000 | 20,060 | ||||||
Skechers U.S.A., Inc., Class A * |
6,530 | 207,132 | ||||||
Steven Madden Ltd. |
7,918 | 211,173 | ||||||
Superior Group of Cos., Inc. |
2,200 | 19,536 | ||||||
Tapestry, Inc. |
18,072 | 513,787 | ||||||
Under Armour, Inc., Class A * |
5,877 | 39,082 | ||||||
Under Armour, Inc., Class C * |
3,160 | 18,834 | ||||||
Unifi, Inc. * |
2,394 | 22,767 | ||||||
Vera Bradley, Inc. * |
5,091 | 15,324 | ||||||
Wolverine World Wide, Inc. |
9,990 | 153,746 | ||||||
|
|
|||||||
3,688,666 | ||||||||
|
|
|||||||
Thrifts & Mortgage Finance 1.1% |
| |||||||
Axos Financial, Inc. * |
7,155 | 244,916 |
SHARES | VALUE | |||||||
Bridgewater Bancshares, Inc. * |
700 | $ | 11,529 | |||||
Capitol Federal Financial, Inc. |
9,589 | 79,589 | ||||||
Columbia Financial, Inc. * |
2,258 | 47,711 | ||||||
ESSA Bancorp, Inc. |
1,900 | 36,841 | ||||||
Essent Group Ltd. |
4,642 | 161,866 | ||||||
Federal Agricultural Mortgage Corp., Class C |
1,215 | 120,455 | ||||||
Flagstar Bancorp, Inc. |
5,493 | 183,466 | ||||||
FS Bancorp, Inc. |
962 | 26,224 | ||||||
Hingham Institution For Savings (The) |
236 | 59,262 | ||||||
Home Bancorp, Inc. |
994 | 38,756 | ||||||
Kearny Financial Corp. |
7,750 | 82,305 | ||||||
MGIC Investment Corp. |
11,104 | 142,353 | ||||||
Mr Cooper Group, Inc. * |
4,998 | 202,419 | ||||||
New York Community Bancorp, Inc. @ |
27,709 | 236,358 | ||||||
NMI Holdings, Inc., Class A * |
7,878 | 160,475 | ||||||
Northfield Bancorp, Inc. |
5,020 | 71,836 | ||||||
PennyMac Financial Services, Inc. |
928 | 39,811 | ||||||
Provident Financial Holdings, Inc. |
1,124 | 15,961 | ||||||
Provident Financial Services, Inc. |
7,592 | 148,044 | ||||||
Radian Group, Inc. |
7,144 | 137,808 | ||||||
Southern Missouri Bancorp, Inc. |
686 | 35,007 | ||||||
Territorial Bancorp, Inc. |
1,557 | 28,867 | ||||||
TFS Financial Corp. |
3,750 | 48,750 | ||||||
Timberland Bancorp, Inc. |
921 | 25,466 | ||||||
TrustCo Bank Corp. |
2,134 | 67,050 | ||||||
Walker & Dunlop, Inc. |
4,099 | 343,209 | ||||||
Waterstone Financial, Inc. |
2,966 | 47,930 | ||||||
Western New England Bancorp, Inc. |
3,161 | 25,699 | ||||||
WSFS Financial Corp. |
6,445 | 299,435 | ||||||
|
|
|||||||
3,169,398 | ||||||||
|
|
|||||||
Tobacco 0.1% |
| |||||||
Turning Point Brands, Inc. |
1,280 | 27,174 | ||||||
Universal Corp. |
2,612 | 120,256 | ||||||
Vector Group Ltd. |
12,276 | 108,152 | ||||||
|
|
|||||||
255,582 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.9% |
| |||||||
Air Lease Corp. |
5,985 | 185,595 | ||||||
Applied Industrial Technologies, Inc. |
4,375 | 449,662 | ||||||
Beacon Roofing Supply, Inc. * |
7,687 | 420,633 | ||||||
Boise Cascade Co. |
4,352 | 258,770 | ||||||
Distribution Solutions Group, Inc. * |
1,071 | 30,170 | ||||||
DXP Enterprises, Inc. * |
2,323 | 55,009 | ||||||
GATX Corp. |
3,909 | 332,851 | ||||||
Global Industrial Co. |
4,722 | 126,691 | ||||||
GMS, Inc. * |
2,900 | 116,029 | ||||||
H&E Equipment Services, Inc. |
4,346 | 123,166 | ||||||
Herc Holdings, Inc. |
4,556 | 473,277 | ||||||
Mcgrath Rentcorp |
2,655 | 222,648 | ||||||
MRC Global, Inc. * |
7,395 | 53,170 | ||||||
MSC Industrial Direct Co., Inc., Class A |
936 | 68,150 | ||||||
NOW, Inc. * |
8,751 | 87,948 | ||||||
Rush Enterprises, Inc., Class A |
5,962 | 261,493 | ||||||
SiteOne Landscape Supply, Inc. * |
265 | 27,597 | ||||||
Textainer Group Holdings Ltd. |
4,819 | 129,438 | ||||||
Titan Machinery, Inc. * |
2,515 | 71,074 | ||||||
Triton International Ltd. |
7,398 | 404,893 | ||||||
Univar Solutions, Inc. * |
1,143 | 25,992 | ||||||
Veritiv Corp. * |
1,000 | 97,770 | ||||||
Watsco, Inc. |
1,919 | 494,066 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES |
VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Trading Companies & Distributors (Continued) |
| |||||||
WESCO International, Inc. * |
5,493 | $ | 655,754 | |||||
Willis Lease Finance Corp. * |
900 | 29,466 | ||||||
|
|
|||||||
5,201,312 | ||||||||
|
|
|||||||
Water Utilities 0.6% |
| |||||||
American States Water Co. |
4,082 | 318,192 | ||||||
Artesian Resources Corp., Class A |
1,177 | 56,637 | ||||||
California Water Service Group |
6,097 | 321,251 | ||||||
Consolidated Water Co. Ltd. |
1,751 | 26,930 | ||||||
Essential Utilities, Inc. |
10,983 | 454,477 | ||||||
Middlesex Water Co. |
2,133 | 164,668 | ||||||
Pure Cycle Corp. * |
1,000 | 8,350 | ||||||
SJW Group |
2,989 | 172,166 | ||||||
York Water Co. (The) |
1,803 | 69,289 | ||||||
|
|
|||||||
1,591,960 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 0.1% |
| |||||||
Shenandoah Telecommunications Co. |
6,413 | 109,149 | ||||||
Spok Holdings, Inc. |
2,839 | 21,690 | ||||||
Telephone & Data Systems, Inc. |
8,658 | 120,346 | ||||||
United States Cellular Corp. * |
1,551 | 40,373 | ||||||
|
|
|||||||
291,558 | ||||||||
|
|
|||||||
TOTAL COMMON STOCKS (Identified Cost $178,876,533) |
278,519,410 | |||||||
|
|
|||||||
PREFERRED STOCKS 0.1% |
||||||||
Media 0.0% |
||||||||
Liberty Broadband Corp. 7.000% * |
1,225 | 30,527 | ||||||
|
|
|||||||
Trading Companies & Distributors 0.1% |
|
|||||||
WESCO International, Inc. 10.625%, 5 year CMT + 10.325% * |
4,390 | 118,310 | ||||||
|
|
|||||||
TOTAL PREFERRED STOCKS (Identified Cost $114,396) |
148,837 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 1.0% |
|
|||||||
Investment Company 0.4% |
||||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
968,916 | 968,916 | ||||||
|
|
|||||||
Collateral For Securities On Loan 0.6% |
|
|||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 3.030% |
1,765,740 | 1,765,740 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $2,734,656) |
2,734,656 | |||||||
|
|
|||||||
Total Investments 100.8% |
||||||||
(Identified Cost $181,725,585) |
281,402,903 | |||||||
Liabilities, Less Cash and Other Assets (0.8%) |
(2,191,517 | ) | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 279,211,386 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $6,026,535. |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
¶ | Contingent value rights based on future performance. |
Key to abbreviations:
CVR Contingent Value Rights
CMT Constant Maturity Treasury
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Sector |
Percentage | |||
Industrials |
20.9 | % | ||
Financials |
20.4 | % | ||
Consumer Discretionary |
13.5 | % | ||
Information Technology |
13.0 | % | ||
Health Care |
10.8 | % | ||
Materials |
6.6 | % | ||
Consumer Staples |
4.4 | % | ||
Energy |
4.1 | % | ||
Utilities |
3.9 | % | ||
Communication Services |
2.4 | % | ||
|
|
|||
100.0 | % |
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.7% |
| |||||||
Aerospace & Defense 2.0% |
| |||||||
General Dynamics Corp. |
7,826 | $ | 1,660,443 | |||||
Howmet Aerospace, Inc. |
33,495 | 1,036,000 | ||||||
L3Harris Technologies, Inc. |
4,688 | 974,307 | ||||||
Northrop Grumman Corp. |
3,018 | 1,419,426 | ||||||
Raytheon Technologies Corp. |
36,091 | 2,954,409 | ||||||
Textron, Inc. |
26,765 | 1,559,329 | ||||||
|
|
|||||||
9,603,914 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.6% |
| |||||||
FedEx Corp. |
16,968 | 2,519,239 | ||||||
GXO Logistics, Inc. * |
6,449 | 226,102 | ||||||
|
|
|||||||
2,745,341 | ||||||||
|
|
|||||||
Airlines 0.2% |
| |||||||
Alaska Air Group, Inc. * |
964 | 37,741 | ||||||
JetBlue Airways Corp. * |
716 | 4,747 | ||||||
Southwest Airlines Co. * |
27,340 | 843,165 | ||||||
|
|
|||||||
885,653 | ||||||||
|
|
|||||||
Auto Components 0.3% |
| |||||||
Aptiv PLC * |
4,329 | 338,571 | ||||||
BorgWarner, Inc. |
24,241 | 761,168 | ||||||
Gentex Corp. |
863 | 20,574 | ||||||
Goodyear Tire & Rubber Co. (The) * |
2,391 | 24,125 | ||||||
Lear Corp. |
4,071 | 487,258 | ||||||
|
|
|||||||
1,631,696 | ||||||||
|
|
|||||||
Automobiles 1.0% |
| |||||||
Ford Motor Co. |
150,516 | 1,685,779 | ||||||
General Motors Co. |
98,964 | 3,175,755 | ||||||
|
|
|||||||
4,861,534 | ||||||||
|
|
|||||||
Beverages 0.4% |
| |||||||
Constellation Brands, Inc., Class A |
5,660 | 1,299,989 | ||||||
Keurig Dr Pepper, Inc. |
2,705 | 96,893 | ||||||
Molson Coors Beverage Co., Class B |
10,592 | 508,310 | ||||||
|
|
|||||||
1,905,192 | ||||||||
|
|
|||||||
Biotechnology 1.9% |
| |||||||
AbbVie, Inc. |
738 | 99,047 | ||||||
Biogen, Inc. * |
9,693 | 2,588,031 | ||||||
Gilead Sciences, Inc. |
44,490 | 2,744,588 | ||||||
Moderna, Inc. * |
2,181 | 257,903 | ||||||
Regeneron Pharmaceuticals, Inc. * |
3,232 | 2,226,428 | ||||||
United Therapeutics Corp. * |
683 | 143,006 | ||||||
Vertex Pharmaceuticals, Inc. * |
4,366 | 1,264,132 | ||||||
|
|
|||||||
9,323,135 | ||||||||
|
|
|||||||
Building Products 1.6% |
| |||||||
Builders FirstSource, Inc. * |
7,125 | 419,805 | ||||||
Carlisle Cos., Inc. |
6,370 | 1,786,212 | ||||||
Carrier Global Corp. |
41,203 | 1,465,179 | ||||||
Fortune Brands Home & Security, Inc. |
11,027 | 592,040 | ||||||
Johnson Controls International PLC |
34,370 | 1,691,691 | ||||||
Owens Corning |
12,209 | 959,749 | ||||||
Trane Technologies PLC |
5,374 | 778,209 | ||||||
|
|
|||||||
7,692,885 | ||||||||
|
|
|||||||
Capital Markets 2.8% |
| |||||||
Bank of New York Mellon Corp. (The) |
52,444 | 2,020,143 | ||||||
Goldman Sachs Group, Inc. (The) |
19,927 | 5,839,607 | ||||||
Jefferies Financial Group, Inc. |
6,993 | 206,294 | ||||||
Morgan Stanley |
58,923 | 4,655,506 | ||||||
Northern Trust Corp. |
370 | 31,657 | ||||||
State Street Corp. |
10,112 | 614,911 | ||||||
|
|
|||||||
13,368,118 | ||||||||
|
|
|||||||
Chemicals 3.7% |
| |||||||
Air Products & Chemicals, Inc. |
7,452 | 1,734,304 |
SHARES | VALUE | |||||||
Albemarle Corp. |
7,095 | $ | 1,876,202 | |||||
Celanese Corp. |
4,202 | 379,609 | ||||||
CF Industries Holdings, Inc. |
11,835 | 1,139,119 | ||||||
Corteva, Inc. |
18,513 | 1,058,018 | ||||||
Dow, Inc. |
51,700 | 2,271,181 | ||||||
DuPont de Nemours, Inc. |
13,259 | 668,253 | ||||||
Eastman Chemical Co. |
17,799 | 1,264,619 | ||||||
FMC Corp. |
500 | 52,850 | ||||||
International Flavors & Fragrances, Inc. |
9,315 | 846,081 | ||||||
Linde plc |
13,566 | 3,657,258 | ||||||
LyondellBasell Industries NV, Class A |
21,390 | 1,610,239 | ||||||
Mosaic Co. (The) |
10,576 | 511,138 | ||||||
PPG Industries, Inc. |
775 | 85,785 | ||||||
Westlake Corp. |
7,968 | 692,260 | ||||||
|
|
|||||||
17,846,916 | ||||||||
|
|
|||||||
Commercial Banks 9.1% |
| |||||||
Bank of America Corp. |
197,037 | 5,950,517 | ||||||
Citigroup, Inc. |
79,030 | 3,293,180 | ||||||
Citizens Financial Group, Inc. |
18,613 | 639,543 | ||||||
East West Bancorp, Inc. |
2,390 | 160,465 | ||||||
Fifth Third Bancorp |
70,601 | 2,256,408 | ||||||
Huntington Bancshares, Inc. |
72,900 | 960,822 | ||||||
JPMorgan Chase & Co. |
136,609 | 14,275,640 | ||||||
KeyCorp |
66,158 | 1,059,851 | ||||||
M&T Bank Corp. |
3,759 | 662,787 | ||||||
PNC Financial Services Group, Inc. (The) |
11,566 | 1,728,192 | ||||||
Regions Financial Corp. |
119,937 | 2,407,136 | ||||||
Truist Financial Corp. |
64,730 | 2,818,344 | ||||||
US Bancorp |
29,194 | 1,177,102 | ||||||
Wells Fargo & Co. |
126,013 | 5,068,243 | ||||||
Zions Bancorp NA |
20,193 | 1,027,016 | ||||||
|
|
|||||||
43,485,246 | ||||||||
|
|
|||||||
Commercial Services & Supplies 1.0% |
| |||||||
Republic Services, Inc. |
35,532 | 4,833,773 | ||||||
|
|
|||||||
Communications Equipment 0.1% |
| |||||||
Cisco Systems, Inc. |
4,155 | 166,200 | ||||||
Juniper Networks, Inc. |
19,365 | 505,814 | ||||||
|
|
|||||||
672,014 | ||||||||
|
|
|||||||
Computers & Peripherals 1.4% |
| |||||||
Dell Technologies, Inc., Class C |
861 | 29,420 | ||||||
Hewlett Packard Enterprise Co. |
141,847 | 1,699,327 | ||||||
HP, Inc. |
176,918 | 4,408,797 | ||||||
Western Digital Corp. * |
23,295 | 758,252 | ||||||
Xerox Holdings Corp. |
2,019 | 26,409 | ||||||
|
|
|||||||
6,922,205 | ||||||||
|
|
|||||||
Construction & Engineering 0.5% |
| |||||||
AECOM |
11,462 | 783,657 | ||||||
Quanta Services, Inc. |
13,887 | 1,769,065 | ||||||
|
|
|||||||
2,552,722 | ||||||||
|
|
|||||||
Construction Materials 0.6% |
| |||||||
Martin Marietta Materials, Inc. |
4,136 | 1,332,164 | ||||||
Vulcan Materials Co. |
8,594 | 1,355,360 | ||||||
|
|
|||||||
2,687,524 | ||||||||
|
|
Consumer Finance 1.0% |
| |||||||
Ally Financial, Inc. |
52,963 | 1,473,960 | ||||||
Capital One Financial Corp. |
28,539 | 2,630,440 | ||||||
Synchrony Financial |
25,544 | 720,085 | ||||||
|
|
|||||||
4,824,485 | ||||||||
|
|
|||||||
Containers & Packaging 0.5% |
| |||||||
Amcor PLC |
20,769 | 222,851 | ||||||
International Paper Co. |
44,343 | 1,405,673 | ||||||
Packaging Corp. of America |
2,898 | 325,417 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Containers & Packaging (Continued) |
| |||||||
Sonoco Products Co. |
611 | $ | 34,662 | |||||
WestRock Co. |
13,537 | 418,158 | ||||||
|
|
|||||||
2,406,761 | ||||||||
|
|
|||||||
Distributors 0.4% |
| |||||||
Genuine Parts Co. |
2,168 | 323,725 | ||||||
LKQ Corp. |
37,512 | 1,768,691 | ||||||
|
|
|||||||
2,092,416 | ||||||||
|
|
|||||||
Diversified Consumer Services 0.0% |
| |||||||
Service Corp. International |
2,896 | 167,215 | ||||||
|
|
|||||||
Diversified Financial Services 2.2% |
| |||||||
Apollo Global Management, Inc. |
2,277 | 105,880 | ||||||
Berkshire Hathaway, Inc., Class B * |
38,388 | 10,250,364 | ||||||
|
|
|||||||
10,356,244 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 3.1% |
| |||||||
AT&T, Inc. |
455,881 | 6,993,214 | ||||||
Lumen Technologies, Inc. @ |
125,601 | 914,375 | ||||||
Verizon Communications, Inc. |
187,445 | 7,117,287 | ||||||
|
|
|||||||
15,024,876 | ||||||||
|
|
|||||||
Electric Utilities 0.2% |
| |||||||
NRG Energy, Inc. |
22,148 | 847,604 | ||||||
|
|
|||||||
Electrical Equipment 0.9% |
| |||||||
AMETEK, Inc. |
5,351 | 606,857 | ||||||
Eaton Corp. PLC |
19,988 | 2,665,599 | ||||||
Emerson Electric Co. |
8,842 | 647,411 | ||||||
Hubbell, Inc. |
630 | 140,490 | ||||||
Sensata Technologies Holding PLC |
1,781 | 66,396 | ||||||
|
|
|||||||
4,126,753 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.2% |
| |||||||
Arrow Electronics, Inc. * |
3,551 | 327,367 | ||||||
Corning, Inc. |
84,494 | 2,452,016 | ||||||
Flex Ltd. * |
31,420 | 523,457 | ||||||
Jabil, Inc. |
496 | 28,624 | ||||||
TD SYNNEX Corp. |
1,605 | 130,310 | ||||||
TE Connectivity Ltd. |
19,391 | 2,139,991 | ||||||
Vontier Corp. |
1,095 | 18,297 | ||||||
|
|
|||||||
5,620,062 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.8% |
| |||||||
Baker Hughes Co. |
23,916 | 501,280 | ||||||
Halliburton Co. |
37,471 | 922,536 | ||||||
Schlumberger NV |
64,877 | 2,329,084 | ||||||
|
|
|||||||
3,752,900 | ||||||||
|
|
|||||||
Entertainment 1.5% |
| |||||||
Activision Blizzard, Inc. |
21,184 | 1,574,819 | ||||||
Electronic Arts, Inc. |
1,911 | 221,122 | ||||||
Liberty Media Corp.-Liberty Formula One, Class A * |
1,097 | 57,614 | ||||||
Liberty Media Corp.-Liberty Formula One, Class C * |
2,194 | 128,349 | ||||||
Madison Square Garden Entertainment Corp. * |
443 | 19,532 | ||||||
Take-Two Interactive Software, Inc. * |
725 | 79,025 | ||||||
Walt Disney Co. (The) * |
41,483 | 3,913,091 | ||||||
Warner Bros Discovery, Inc. * |
112,539 | 1,294,199 | ||||||
|
|
|||||||
7,287,751 | ||||||||
|
|
SHARES | VALUE | |||||||
Food & Staples Retailing 2.7% |
| |||||||
Kroger Co. (The) |
62,007 | $ | 2,712,806 | |||||
US Foods Holding Corp. * |
9,124 | 241,238 | ||||||
Walgreens Boots Alliance, Inc. |
44,769 | 1,405,747 | ||||||
Walmart, Inc. |
64,583 | 8,376,415 | ||||||
|
|
|||||||
12,736,206 | ||||||||
|
|
|||||||
Food Products 3.4% |
| |||||||
Archer-Daniels-Midland Co. |
24,965 | 2,008,434 | ||||||
Bunge Ltd. |
12,845 | 1,060,612 | ||||||
Campbell Soup Co. |
3,702 | 174,438 | ||||||
Conagra Brands, Inc. |
19,827 | 646,955 | ||||||
Darling Ingredients, Inc. * |
5,424 | 358,798 | ||||||
General Mills, Inc. |
38,095 | 2,918,458 | ||||||
Hormel Foods Corp. |
5,728 | 260,280 | ||||||
J.M. Smucker Co. (The) |
13,087 | 1,798,285 | ||||||
Kraft Heinz Co. (The) |
20,920 | 697,682 | ||||||
McCormick & Co., Inc. |
1,921 | 136,910 | ||||||
Mondelez International, Inc., Class A |
62,778 | 3,442,118 | ||||||
Post Holdings, Inc. * |
973 | 79,698 | ||||||
Seaboard Corp. |
22 | 74,858 | ||||||
Tyson Foods, Inc., Class A |
41,844 | 2,758,775 | ||||||
|
|
|||||||
16,416,301 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 1.4% |
| |||||||
Abbott Laboratories |
325 | 31,447 | ||||||
Baxter International, Inc. |
14,838 | 799,175 | ||||||
Becton Dickinson & Co. |
4,016 | 894,885 | ||||||
Boston Scientific Corp. * |
7,514 | 291,017 | ||||||
Cooper Cos., Inc. (The) |
137 | 36,154 | ||||||
Embecta Corp. |
803 | 23,118 | ||||||
Hologic, Inc. * |
2,895 | 186,786 | ||||||
Medtronic PLC |
37,706 | 3,044,760 | ||||||
STERIS plc |
3,637 | 604,760 | ||||||
Zimmer Biomet Holdings, Inc. |
8,154 | 852,501 | ||||||
Zimvie, Inc. * |
815 | 8,044 | ||||||
|
|
|||||||
6,772,647 | ||||||||
|
|
|||||||
Health Care Providers & Services 6.1% |
| |||||||
Centene Corp. * |
19,196 | 1,493,641 | ||||||
CIGNA Corp. |
19,065 | 5,289,965 | ||||||
CVS Health Corp. |
58,448 | 5,574,186 | ||||||
Elevance Health, Inc. |
14,965 | 6,797,702 | ||||||
Henry Schein, Inc. * |
3,777 | 248,413 | ||||||
Humana, Inc. |
7,918 | 3,841,734 | ||||||
Laboratory Corp. of America Holdings |
13,769 | 2,820,029 | ||||||
McKesson Corp. |
1,984 | 674,302 | ||||||
Quest Diagnostics, Inc. |
18,783 | 2,304,486 | ||||||
UnitedHealth Group, Inc. |
664 | 335,347 | ||||||
Universal Health Services, Inc., Class B |
1,221 | 107,668 | ||||||
|
|
|||||||
29,487,473 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.5% |
| |||||||
Aramark |
16,117 | 502,850 | ||||||
Carnival Corp. *@ |
27,865 | 195,891 | ||||||
Hyatt Hotels Corp., Class A * |
3,174 | 256,967 | ||||||
MGM Resorts International |
26,967 | 801,459 | ||||||
Royal Caribbean Cruises Ltd. * |
12,273 | 465,147 | ||||||
|
|
|||||||
2,222,314 | ||||||||
|
|
|||||||
Household Durables 1.8% |
| |||||||
DR Horton, Inc. |
50,225 | 3,382,654 | ||||||
Garmin Ltd. |
12,982 | 1,042,584 | ||||||
Lennar Corp., B Shares |
573 | 34,099 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Household Durables (Continued) |
| |||||||
Lennar Corp., Class A |
23,116 | $ | 1,723,298 | |||||
Mohawk Industries, Inc. * |
2,654 | 242,018 | ||||||
Newell Brands, Inc. |
8,086 | 112,315 | ||||||
PulteGroup, Inc. |
41,840 | 1,569,000 | ||||||
Toll Brothers, Inc. |
116 | 4,872 | ||||||
Whirlpool Corp. |
4,936 | 665,422 | ||||||
|
|
|||||||
8,776,262 | ||||||||
|
|
|||||||
Independent Power Producers & Energy Traders 0.1% |
| |||||||
Vistra Corp. |
25,467 | 534,807 | ||||||
|
|
|||||||
Industrial Conglomerates 0.2% |
| |||||||
General Electric Co. |
11,962 | 740,567 | ||||||
|
|
|||||||
Insurance 4.9% |
| |||||||
Aflac, Inc. |
32,730 | 1,839,426 | ||||||
Alleghany Corp. * |
654 | 548,948 | ||||||
Allstate Corp. (The) |
17,397 | 2,166,448 | ||||||
American Financial Group, Inc. |
6,623 | 814,165 | ||||||
American International Group, Inc. |
29,118 | 1,382,523 | ||||||
Arch Capital Group Ltd. * |
11,691 | 532,408 | ||||||
Assurant, Inc. |
4,486 | 651,681 | ||||||
Chubb Ltd. |
11,440 | 2,080,707 | ||||||
Cincinnati Financial Corp. |
370 | 33,141 | ||||||
CNA Financial Corp. |
4,467 | 164,832 | ||||||
Everest Re Group Ltd. |
1,938 | 508,609 | ||||||
Fidelity National Financial, Inc. |
1,515 | 54,843 | ||||||
Hartford Financial Services Group, Inc. (The) |
47,472 | 2,940,416 | ||||||
Lincoln National Corp. |
9,516 | 417,848 | ||||||
Loews Corp. |
18,402 | 917,156 | ||||||
Markel Corp. * |
116 | 125,770 | ||||||
MetLife, Inc. |
20,221 | 1,229,032 | ||||||
Old Republic International Corp. |
14,636 | 306,331 | ||||||
Principal Financial Group, Inc. |
28,632 | 2,065,799 | ||||||
Prudential Financial, Inc. |
12,032 | 1,032,105 | ||||||
Reinsurance Group of America, Inc. |
595 | 74,857 | ||||||
RenaissanceRe Holdings Ltd. |
469 | 65,843 | ||||||
Travelers Companies, Inc. (The) |
21,648 | 3,316,474 | ||||||
W. R. Berkley Corp. |
918 | 59,284 | ||||||
|
|
|||||||
23,328,646 | ||||||||
|
|
|||||||
Interactive Media & Services 1.3% |
| |||||||
Meta Platforms, Inc., Class A * |
46,973 | 6,373,297 | ||||||
|
|
|||||||
Internet & Catalog Retail 0.0% |
| |||||||
eBay, Inc. |
4,559 | 167,817 | ||||||
|
|
|||||||
IT Services 1.5% |
| |||||||
Akamai Technologies, Inc. * |
3,310 | 265,859 | ||||||
Amdocs Ltd. |
15,213 | 1,208,673 | ||||||
Cognizant Technology Solutions Corp., Class A |
34,305 | 1,970,479 | ||||||
Concentrix Corp. |
1,605 | 179,166 | ||||||
DXC Technology Co. * |
10,530 | 257,775 | ||||||
Fidelity National Information Services, Inc. |
17,462 | 1,319,603 | ||||||
Fiserv, Inc. * |
12,529 | 1,172,339 | ||||||
Global Payments, Inc. |
3,897 | 421,071 | ||||||
International Business Machines Corp. |
252 | 29,940 | ||||||
Kyndryl Holdings, Inc. * |
1,933 | 15,986 | ||||||
SS&C Technologies Holdings, Inc. |
7,467 | 356,549 | ||||||
|
|
|||||||
7,197,440 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 2.8% |
| |||||||
Bio-Rad Laboratories, Inc., Class A * |
172 | 71,748 | ||||||
Danaher Corp. |
19,132 | 4,941,604 | ||||||
PerkinElmer, Inc. |
1,932 | 232,478 |
SHARES | VALUE | |||||||
Thermo Fisher Scientific, Inc. |
16,006 | $ | 8,118,083 | |||||
|
|
|||||||
13,363,913 | ||||||||
|
|
|||||||
Machinery 3.0% |
| |||||||
AGCO Corp. |
8,548 | 822,061 | ||||||
Cummins, Inc. |
10,946 | 2,227,620 | ||||||
Dover Corp. |
7,963 | 928,327 | ||||||
Fortive Corp. |
7,311 | 426,231 | ||||||
Ingersoll Rand, Inc. |
14,939 | 646,261 | ||||||
Oshkosh Corp. |
984 | 69,165 | ||||||
Otis Worldwide Corp. |
25,885 | 1,651,463 | ||||||
PACCAR, Inc. |
20,694 | 1,731,881 | ||||||
Parker-Hannifin Corp. |
8,468 | 2,051,881 | ||||||
Pentair PLC |
20,400 | 828,852 | ||||||
Snap-On, Inc. |
6,351 | 1,278,774 | ||||||
Stanley Black & Decker, Inc. |
14,985 | 1,127,022 | ||||||
Westinghouse Air Brake Technologies Corp. |
5,333 | 433,840 | ||||||
|
|
|||||||
14,223,378 | ||||||||
|
|
|||||||
Media 2.5% |
| |||||||
Comcast Corp., Class A |
285,775 | 8,381,781 | ||||||
DISH Network Corp., Class A * |
12,654 | 175,005 | ||||||
Fox Corp. Class A |
24,883 | 763,410 | ||||||
Fox Corp. Class B |
14,510 | 413,535 | ||||||
Interpublic Group of Cos., Inc. (The) |
17,681 | 452,634 | ||||||
Liberty Broadband Corp., Class C * |
3,887 | 286,861 | ||||||
Liberty Media Corp.-Liberty Siriusxm, Class A * |
4,389 | 167,089 | ||||||
Liberty Media Corp.-Liberty Siriusxm, Class C * |
8,778 | 331,018 | ||||||
News Corp., Class A |
8,320 | 125,715 | ||||||
News Corp., Class B |
1,734 | 26,738 | ||||||
Omnicom Group, Inc. |
1,501 | 94,698 | ||||||
Paramount Global, Class A @ |
900 | 19,386 | ||||||
Paramount Global, Class B @ |
44,427 | 845,890 | ||||||
|
|
|||||||
12,083,760 | ||||||||
|
|
|||||||
Metals & Mining 2.9% |
| |||||||
Alcoa Corp. |
2,284 | 76,879 | ||||||
Arconic Corp. * |
1,634 | 27,843 | ||||||
Cleveland-Cliffs, Inc. * |
9,779 | 131,723 | ||||||
Freeport-McMoRan, Inc. |
106,539 | 2,911,711 | ||||||
Newmont Corp. |
46,812 | 1,967,508 | ||||||
Nucor Corp. |
41,998 | 4,493,366 | ||||||
Reliance Steel & Aluminum Co. |
9,348 | 1,630,385 | ||||||
Royal Gold, Inc. |
725 | 68,020 | ||||||
Steel Dynamics, Inc. |
33,820 | 2,399,529 | ||||||
|
|
|||||||
13,706,964 | ||||||||
|
|
|||||||
Multiline Retail 0.4% |
| |||||||
Dollar Tree, Inc. * |
12,596 | 1,714,315 | ||||||
Kohls Corp. |
344 | 8,652 | ||||||
Target Corp. |
361 | 53,569 | ||||||
|
|
|||||||
1,776,536 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 13.5% |
| |||||||
Chevron Corp. |
92,335 | 13,265,770 | ||||||
ConocoPhillips |
102,632 | 10,503,359 | ||||||
Continental Resources, Inc. |
1,401 | 93,601 | ||||||
Coterra Energy, Inc. |
14,312 | 373,829 | ||||||
Devon Energy Corp. |
13,044 | 784,336 | ||||||
Diamondback Energy, Inc. |
1,857 | 223,694 | ||||||
EOG Resources, Inc. |
23,992 | 2,680,626 | ||||||
Exxon Mobil Corp. |
219,352 | 19,151,623 | ||||||
Hess Corp. |
21,220 | 2,312,768 | ||||||
HF Sinclair Corp. |
471 | 25,359 | ||||||
Kinder Morgan, Inc. |
54,102 | 900,257 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Oil, Gas & Consumable Fuels (Continued) |
| |||||||
Marathon Oil Corp. |
18,183 | $ | 410,572 | |||||
Marathon Petroleum Corp. |
30,104 | 2,990,230 | ||||||
Occidental Petroleum Corp. |
34,021 | 2,090,590 | ||||||
ONEOK, Inc. |
22,165 | 1,135,735 | ||||||
Phillips 66 |
15,495 | 1,250,756 | ||||||
Pioneer Natural Resources Co. |
10,352 | 2,241,519 | ||||||
Targa Resources Corp. |
3,005 | 181,322 | ||||||
Valero Energy Corp. |
19,826 | 2,118,408 | ||||||
Williams Cos., Inc. (The) |
70,657 | 2,022,910 | ||||||
|
|
|||||||
64,757,264 | ||||||||
|
|
|||||||
Paper & Forest Products 0.0% |
| |||||||
Sylvamo Corp. |
1,413 | 47,901 | ||||||
|
|
|||||||
Personal Products 0.0% |
| |||||||
BellRing Brands, Inc. * |
1,233 | 25,412 | ||||||
|
|
|||||||
Pharmaceuticals 4.9% |
| |||||||
Bristol-Myers Squibb Co. |
93,266 | 6,630,280 | ||||||
Jazz Pharmaceuticals PLC * |
4,730 | 630,462 | ||||||
Merck & Co., Inc. |
7,780 | 670,013 | ||||||
Pfizer, Inc. |
340,714 | 14,909,645 | ||||||
Viatris, Inc. |
69,023 | 588,076 | ||||||
|
|
|||||||
23,428,476 | ||||||||
|
|
|||||||
Professional Services 0.5% |
| |||||||
Jacobs Solutions, Inc. |
6,136 | 665,695 | ||||||
Leidos Holdings, Inc. |
16,200 | 1,417,014 | ||||||
Manpowergroup, Inc. |
632 | 40,884 | ||||||
Nielsen Holdings PLC |
3,273 | 90,727 | ||||||
|
|
|||||||
2,214,320 | ||||||||
|
|
|||||||
Real Estate Management & Development 0.4% |
| |||||||
CBRE Group, Inc., Class A * |
19,100 | 1,289,441 | ||||||
Jones Lang LaSalle, Inc. * |
4,753 | 718,036 | ||||||
|
|
|||||||
2,007,477 | ||||||||
|
|
|||||||
Road & Rail 1.0% |
| |||||||
AMERCO |
2,003 | 1,019,968 | ||||||
CSX Corp. |
7,315 | 194,872 | ||||||
Norfolk Southern Corp. |
16,650 | 3,490,672 | ||||||
|
|
|||||||
4,705,512 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 3.2% |
| |||||||
Advanced Micro Devices, Inc. * |
6,017 | 381,237 | ||||||
Analog Devices, Inc. |
10,368 | 1,444,677 | ||||||
Intel Corp. |
260,984 | 6,725,558 | ||||||
Lam Research Corp. |
109 | 39,894 | ||||||
Marvell Technology, Inc. |
18,929 | 812,244 | ||||||
Micron Technology, Inc. |
75,683 | 3,791,718 | ||||||
ON Semiconductor Corp. * |
18,470 | 1,151,235 | ||||||
Qorvo, Inc. * |
11,125 | 883,436 | ||||||
Skyworks Solutions, Inc. |
4,292 | 365,979 | ||||||
|
|
|||||||
15,595,978 | ||||||||
|
|
|||||||
Software 0.2% |
| |||||||
NortonLifeLock, Inc. |
3,129 | 63,018 | ||||||
Roper Technologies, Inc. |
366 | 131,628 | ||||||
Salesforce, Inc. * |
6,955 | 1,000,407 | ||||||
|
|
|||||||
1,195,053 | ||||||||
|
|
|||||||
Specialty Retail 0.3% |
| |||||||
Advance Auto Parts, Inc. |
4,932 | 771,069 | ||||||
Carmax, Inc. * |
8,119 | 536,016 |
SHARES |
VALUE | |||||||
Lithia Motors, Inc. |
400 | $ | 85,820 | |||||
|
|
|||||||
1,392,905 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.1% |
| |||||||
Ralph Lauren Corp. |
1,676 | 142,344 | ||||||
Tapestry, Inc. |
6,979 | 198,413 | ||||||
|
|
|||||||
340,757 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.3% |
| |||||||
United Rentals, Inc. * |
5,460 | 1,474,855 | ||||||
|
|
|||||||
Wireless Telecommunication Services 0.8% |
| |||||||
T-Mobile US, Inc. * |
29,534 | 3,962,577 | ||||||
|
|
|||||||
TOTAL COMMON STOCKS |
| |||||||
(Identified Cost $332,223,240) |
|
478,581,750 | ||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 0.3% |
| |||||||
Investment Company 0.3% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
1,355,722 | 1,355,722 | ||||||
|
|
|||||||
1,355,722 | ||||||||
|
|
|||||||
Collateral For Securities On Loan 0.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 3.030% |
126,068 | 126,068 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS |
|
1,481,790 | ||||||
|
|
|||||||
Total Investments 100.0% |
|
480,063,540 | ||||||
Cash and Other Assets, Less Liabilities 0.0% |
|
21,684 | ||||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 480,085,224 | |||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $735,472. |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Sector |
Percentage | |||
Financials |
20.3 | % | ||
Health Care |
17.2 | % | ||
Energy |
14.3 | % | ||
Industrials |
11.7 | % | ||
Communication Services |
9.3 | % | ||
Information Technology |
7.8 | % | ||
Materials |
7.7 | % | ||
Consumer Staples |
6.5 | % | ||
Consumer Discretionary |
4.9 | % | ||
Utilities |
0.3 | % | ||
|
|
|||
100.0 | % |
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 95.5% |
| |||||||
Aerospace & Defense 1.6% |
| |||||||
Aerojet Rocketdyne Holdings, Inc. * |
897 | $ | 35,871 | |||||
Axon Enterprise, Inc. * |
500 | 57,875 | ||||||
Boeing Co. (The) * |
8,201 | 992,977 | ||||||
BWX Technologies, Inc. |
2,913 | 146,728 | ||||||
Curtiss-Wright Corp. |
847 | 117,869 | ||||||
General Dynamics Corp. |
3,788 | 803,700 | ||||||
HEICO Corp. |
574 | 82,645 | ||||||
HEICO Corp., Class A |
625 | 71,637 | ||||||
Hexcel Corp. |
778 | 40,238 | ||||||
Howmet Aerospace, Inc. |
1,946 | 60,190 | ||||||
Huntington Ingalls Industries, Inc. |
827 | 183,180 | ||||||
L3Harris Technologies, Inc. |
2,258 | 469,280 | ||||||
Lockheed Martin Corp. |
6,309 | 2,437,104 | ||||||
Northrop Grumman Corp. |
2,903 | 1,365,339 | ||||||
Parsons Corp. * |
540 | 21,168 | ||||||
Raytheon Technologies Corp. |
14,657 | 1,199,822 | ||||||
Textron, Inc. |
2,582 | 150,427 | ||||||
TransDigm Group, Inc. |
928 | 487,033 | ||||||
Woodward, Inc. |
1,254 | 100,646 | ||||||
|
|
|||||||
8,823,729 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.7% |
| |||||||
CH Robinson Worldwide, Inc. |
2,800 | 269,668 | ||||||
Expeditors International of Washington, Inc. |
3,525 | 311,293 | ||||||
FedEx Corp. |
4,796 | 712,062 | ||||||
GXO Logistics, Inc. * |
1,934 | 67,806 | ||||||
United Parcel Service, Inc., Class B |
14,911 | 2,408,723 | ||||||
|
|
|||||||
3,769,552 | ||||||||
|
|
|||||||
Airlines 0.1% |
| |||||||
Alaska Air Group, Inc. * |
3,201 | 125,319 | ||||||
American Airlines Group, |
4,400 | 52,976 | ||||||
Delta Air Lines, Inc. * |
4,487 | 125,905 | ||||||
Southwest Airlines Co. * |
5,800 | 178,872 | ||||||
United Airlines Holdings, |
2,884 | 93,817 | ||||||
|
|
|||||||
576,889 | ||||||||
|
|
|||||||
Auto Components 0.1% |
| |||||||
Aptiv PLC * |
2,924 | 228,686 | ||||||
Autoliv, Inc. |
1,465 | 97,613 | ||||||
BorgWarner, Inc. |
3,685 | 115,709 | ||||||
Fox Factory Holding Corp. * |
500 | 39,540 | ||||||
Gentex Corp. |
4,249 | 101,296 | ||||||
Goodyear Tire & Rubber Co. (The) * |
3,778 | 38,120 | ||||||
Lear Corp. |
957 | 114,544 | ||||||
|
|
|||||||
735,508 | ||||||||
|
|
|||||||
Automobiles 1.7% |
| |||||||
Ford Motor Co. |
38,192 | 427,750 | ||||||
General Motors Co. |
9,249 | 296,800 | ||||||
Harley-Davidson, Inc. |
974 | 33,973 | ||||||
Tesla, Inc. * |
31,938 | 8,471,555 | ||||||
Thor Industries, Inc. |
1,179 | 82,507 | ||||||
|
|
|||||||
9,312,585 | ||||||||
|
|
|||||||
Beverages 2.0% |
| |||||||
Boston Beer Co., Inc. (The), Class A * |
216 | 69,908 | ||||||
Brown-Forman Corp., Class A @ |
1,202 | 81,207 | ||||||
Brown-Forman Corp., Class B |
5,458 | 363,339 | ||||||
Coca-Cola Co. (The) |
76,728 | 4,298,303 | ||||||
Coca-Cola Consolidated, Inc. |
132 | 54,348 | ||||||
Constellation Brands, Inc., Class A |
1,757 | 403,548 | ||||||
Keurig Dr Pepper, Inc. |
3,375 | 120,892 | ||||||
Molson Coors Beverage Co., Class B |
1,400 | 67,186 | ||||||
Monster Beverage Corp. * |
4,711 | 409,669 | ||||||
National Beverage Corp. |
881 | 33,954 |
SHARES | VALUE | |||||||
PepsiCo, Inc. |
32,018 | $ | 5,227,259 | |||||
|
|
|||||||
11,129,613 | ||||||||
|
|
|||||||
Biotechnology 2.5% |
| |||||||
AbbVie, Inc. |
39,827 | 5,345,182 | ||||||
Alkermes PLC * |
1,447 | 32,312 | ||||||
Alnylam Pharmaceuticals, |
1,198 | 239,792 | ||||||
Amgen, Inc. |
12,097 | 2,726,664 | ||||||
Biogen, Inc. * |
2,404 | 641,868 | ||||||
BioMarin Pharmaceutical, |
1,169 | 99,096 | ||||||
CRISPR Therapeutics AG *@ |
655 | 42,804 | ||||||
Denali Therapeutics, Inc. * |
800 | 24,552 | ||||||
Exact Sciences Corp. * |
1,421 | 46,168 | ||||||
Exelixis, Inc. * |
3,578 | 56,103 | ||||||
Gilead Sciences, Inc. |
23,535 | 1,451,874 | ||||||
Halozyme Therapeutics, Inc. * |
3,014 | 119,174 | ||||||
Horizon Therapeutics PLC * |
1,910 | 118,210 | ||||||
Incyte Corp. * |
1,624 | 108,223 | ||||||
Moderna, Inc. * |
1,481 | 175,128 | ||||||
Neurocrine Biosciences, Inc. * |
608 | 64,576 | ||||||
Regeneron Pharmaceuticals, |
1,543 | 1,062,926 | ||||||
Sarepta Therapeutics, Inc. * |
702 | 77,599 | ||||||
Seagen, Inc. * |
1,042 | 142,577 | ||||||
United Therapeutics Corp. * |
835 | 174,832 | ||||||
Vertex Pharmaceuticals, Inc. * |
2,966 | 858,776 | ||||||
|
|
|||||||
13,608,436 | ||||||||
|
|
|||||||
Building Products 0.6% |
| |||||||
A.O. Smith Corp. |
2,378 | 115,523 | ||||||
Advanced Drainage Systems, Inc. |
200 | 24,874 | ||||||
Allegion PLC |
3,064 | 274,780 | ||||||
Armstrong World Industries, Inc. |
1,390 | 110,130 | ||||||
Builders FirstSource, Inc. * |
2,521 | 148,537 | ||||||
Carlisle Cos., Inc. |
1,113 | 312,096 | ||||||
Carrier Global Corp. |
15,513 | 551,642 | ||||||
Fortune Brands Home & Security, Inc. |
2,330 | 125,098 | ||||||
Johnson Controls International PLC |
580 | 28,548 | ||||||
Lennox International, Inc. |
835 | 185,929 | ||||||
Masco Corp. |
4,275 | 199,600 | ||||||
Owens Corning |
2,802 | 220,265 | ||||||
Simpson Manufacturing Co., Inc. |
1,080 | 84,672 | ||||||
Trane Technologies PLC |
3,350 | 485,113 | ||||||
Trex Co., Inc. * |
3,239 | 142,322 | ||||||
UFP Industries, Inc. |
812 | 58,594 | ||||||
Zurn Elkay Water Solutions Corp. |
1,200 | 29,400 | ||||||
|
|
|||||||
3,097,123 | ||||||||
|
|
|||||||
Capital Markets 2.4% |
| |||||||
Affiliated Managers Group, Inc. |
600 | 67,110 | ||||||
Ameriprise Financial, Inc. |
2,269 | 571,675 | ||||||
Ares Management Corp., Class A |
1,606 | 99,492 | ||||||
Bank of New York Mellon Corp. (The) |
4,707 | 181,314 | ||||||
BlackRock, Inc. |
1,490 | 819,917 | ||||||
Blackstone, Inc. |
6,683 | 559,367 | ||||||
Cboe Global Markets, Inc. |
1,521 | 178,520 | ||||||
Charles Schwab Corp. (The) |
14,444 | 1,038,090 | ||||||
CME Group, Inc. |
2,477 | 438,751 | ||||||
Cohen & Steers, Inc. |
617 | 38,643 | ||||||
Evercore, Inc., Class A |
400 | 32,900 | ||||||
FactSet Research Systems, Inc. |
857 | 342,894 | ||||||
Franklin Resources, Inc. |
2,732 | 58,793 | ||||||
Goldman Sachs Group, Inc. (The) |
3,446 | 1,009,850 | ||||||
Hamilton Lane, Inc. Class A |
723 | 43,098 | ||||||
Houlihan Lokey, Inc. |
1,466 | 110,507 | ||||||
Interactive Brokers Group, Inc., Class A |
962 | 61,481 | ||||||
Intercontinental Exchange, Inc. |
5,581 | 504,243 | ||||||
Janus Henderson Group PLC |
1,850 | 37,574 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Capital Markets (Continued) |
| |||||||
Jefferies Financial Group, Inc. |
1,620 | $ | 47,790 | |||||
KKR & Co., Inc. |
7,268 | 312,524 | ||||||
LPL Financial Holdings, Inc. |
2,186 | 477,597 | ||||||
MarketAxess Holdings, Inc. |
800 | 177,992 | ||||||
Moodys Corp. |
3,822 | 929,167 | ||||||
Morgan Stanley |
18,298 | 1,445,725 | ||||||
Morningstar, Inc. |
304 | 64,545 | ||||||
MSCI, Inc. |
1,501 | 633,107 | ||||||
Nasdaq, Inc. |
4,902 | 277,845 | ||||||
Northern Trust Corp. |
2,859 | 244,616 | ||||||
Raymond James Financial, Inc. |
3,195 | 315,730 | ||||||
S&P Global, Inc. |
3,924 | 1,198,193 | ||||||
SEI Investments Co. |
3,132 | 153,625 | ||||||
State Street Corp. |
1,628 | 98,999 | ||||||
Stifel Financial Corp. |
2,529 | 131,280 | ||||||
T. Rowe Price Group, Inc. |
4,513 | 473,910 | ||||||
Tradeweb Markets, Inc., Class A |
683 | 38,535 | ||||||
Virtu Financial, Inc., Class A |
1,430 | 29,701 | ||||||
|
|
|||||||
13,245,100 | ||||||||
|
|
|||||||
Chemicals 1.5% |
| |||||||
Air Products & Chemicals, Inc. |
3,414 | 794,540 | ||||||
Albemarle Corp. |
956 | 252,805 | ||||||
Ashland, Inc. |
970 | 92,121 | ||||||
Avient Corp. |
700 | 21,210 | ||||||
Axalta Coating Systems |
1,604 | 33,780 | ||||||
Balchem Corp. |
630 | 76,595 | ||||||
Cabot Corp. |
500 | 31,945 | ||||||
Celanese Corp. |
1,968 | 177,789 | ||||||
CF Industries Holdings, Inc. |
2,192 | 210,980 | ||||||
Chemours Co. (The) |
1,100 | 27,115 | ||||||
Corteva, Inc. |
5,428 | 310,210 | ||||||
Dow, Inc. |
12,298 | 540,251 | ||||||
DuPont de Nemours, Inc. |
2,632 | 132,653 | ||||||
Eastman Chemical Co. |
1,476 | 104,870 | ||||||
Ecolab, Inc. |
3,437 | 496,371 | ||||||
Element Solutions, Inc. |
2,160 | 35,143 | ||||||
FMC Corp. |
1,937 | 204,741 | ||||||
H.B. Fuller Co. |
339 | 20,374 | ||||||
Huntsman Corp. |
4,705 | 115,461 | ||||||
International Flavors & Fragrances, Inc. |
2,270 | 206,184 | ||||||
Linde plc |
5,382 | 1,450,933 | ||||||
Livent Corp. *@ |
1,666 | 51,063 | ||||||
LyondellBasell Industries NV, Class A |
6,211 | 467,564 | ||||||
Mosaic Co. (The) |
4,606 | 222,608 | ||||||
Olin Corp. |
1,800 | 77,184 | ||||||
PPG Industries, Inc. |
3,241 | 358,746 | ||||||
RPM International, Inc. |
2,334 | 194,446 | ||||||
Sensient Technologies Corp. |
520 | 36,057 | ||||||
Sherwin Williams Co. (The) |
5,981 | 1,224,610 | ||||||
Valvoline, Inc. |
2,246 | 56,914 | ||||||
Westlake Corp. |
439 | 38,140 | ||||||
|
|
|||||||
8,063,403 | ||||||||
|
|
|||||||
Commercial Banks 2.4% |
| |||||||
Associated Banc-Corp. |
1,989 | 39,939 | ||||||
Bancfirst Corp. |
426 | 38,114 | ||||||
Bank of America Corp. |
66,036 | 1,994,287 | ||||||
Bank of Hawaii Corp. |
559 | 42,551 | ||||||
Bank OZK |
1,661 | 65,709 |
SHARES | VALUE | |||||||
BOK Financial Corp. |
300 | $ | 26,658 | |||||
Cadence Bank |
3,669 | 93,229 | ||||||
Citigroup, Inc. |
9,694 | 403,949 | ||||||
Citizens Financial Group, Inc. |
454 | 15,599 | ||||||
Comerica, Inc. |
1,832 | 130,255 | ||||||
Commerce Bancshares, Inc. |
2,271 | 150,249 | ||||||
Community Bank System, Inc. |
932 | 55,995 | ||||||
Cullen/Frost Bankers, Inc. |
956 | 126,402 | ||||||
CVB Financial Corp. |
1,624 | 41,120 | ||||||
East West Bancorp, Inc. |
2,039 | 136,899 | ||||||
Eastern Bankshares, Inc. |
1,906 | 37,434 | ||||||
Fifth Third Bancorp |
7,840 | 250,566 | ||||||
First Citizens Bancshares, Inc., Class A |
112 | 89,312 | ||||||
First Financial Bankshares, Inc. |
3,094 | 129,422 | ||||||
First Hawaiian, Inc. |
1,617 | 39,827 | ||||||
First Horizon Corp. |
7,194 | 164,743 | ||||||
First Interstate Bancsystem, Inc., Class A |
900 | 36,315 | ||||||
First Republic Bank |
1,605 | 209,533 | ||||||
FNB Corp. |
5,930 | 68,788 | ||||||
Glacier Bancorp, Inc. |
1,306 | 64,164 | ||||||
Hancock Whitney Corp. |
1,078 | 49,383 | ||||||
Home Bancshares, Inc. |
1,840 | 41,418 | ||||||
Huntington Bancshares, Inc. |
7,352 | 96,899 | ||||||
Independent Bank Corp. |
419 | 31,228 | ||||||
JPMorgan Chase & Co. |
38,234 | 3,995,453 | ||||||
KeyCorp |
7,104 | 113,806 | ||||||
M&T Bank Corp. |
522 | 92,039 | ||||||
Pacific Premier Bancorp, Inc. |
636 | 19,691 | ||||||
Pinnacle Financial Partners, Inc. |
1,009 | 81,830 | ||||||
PNC Financial Services Group, Inc. (The) |
3,193 | 477,098 | ||||||
Popular, Inc. |
2,182 | 157,235 | ||||||
Prosperity Bancshares, Inc. |
1,026 | 68,414 | ||||||
Regions Financial Corp. |
9,428 | 189,220 | ||||||
ServisFirst Bancshares, Inc. |
589 | 47,120 | ||||||
Signature Bank |
385 | 58,135 | ||||||
Simmons First National Corp., Class A |
929 | 20,243 | ||||||
South State Corp. |
400 | 31,648 | ||||||
SVB Financial Group * |
882 | 296,158 | ||||||
Synovus Financial Corp. |
1,811 | 67,931 | ||||||
Texas Capital Bancshares, Inc. * |
661 | 39,019 | ||||||
Truist Financial Corp. |
7,663 | 333,647 | ||||||
UMB Financial Corp. |
590 | 49,731 | ||||||
Umpqua Holdings Corp. |
2,800 | 47,852 | ||||||
United Bankshares, Inc. |
778 | 27,814 | ||||||
United Community Banks, Inc. |
1,423 | 47,101 | ||||||
US Bancorp |
19,610 | 790,675 | ||||||
Valley National Bancorp |
1,602 | 17,302 | ||||||
Webster Financial Corp. |
2,013 | 90,988 | ||||||
Wells Fargo & Co. |
31,501 | 1,266,970 | ||||||
Western Alliance Bancorp |
2,242 | 147,389 | ||||||
Wintrust Financial Corp. |
600 | 48,930 | ||||||
Zions Bancorp NA |
2,092 | 106,399 | ||||||
|
|
|||||||
13,399,825 | ||||||||
|
|
|||||||
Commercial Services & Supplies 0.7% |
| |||||||
Casella Waste Systems, Inc., Class A * |
549 | 41,938 | ||||||
Cintas Corp. |
1,987 | 771,334 | ||||||
Clean Harbors, Inc. * |
770 | 84,685 | ||||||
Copart, Inc. * |
4,278 | 455,179 | ||||||
IAA, Inc. * |
3,052 | 97,206 | ||||||
MSA Safety, Inc. |
600 | 65,568 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Commercial Services & Supplies (Continued) |
| |||||||
Republic Services, Inc. |
4,657 | $ | 633,538 | |||||
Rollins, Inc. |
4,629 | 160,534 | ||||||
Stericycle, Inc. * |
1,544 | 65,018 | ||||||
Tetra Tech, Inc. |
640 | 82,259 | ||||||
UniFirst Corp. |
155 | 26,076 | ||||||
Waste Management, Inc. |
9,583 | 1,535,292 | ||||||
|
|
|||||||
4,018,627 | ||||||||
|
|
|||||||
Communications Equipment 0.7% |
| |||||||
Arista Networks, Inc. * |
2,688 | 303,448 | ||||||
Ciena Corp. * |
2,569 | 103,865 | ||||||
Cisco Systems, Inc. |
64,788 | 2,591,520 | ||||||
F5, Inc. * |
769 | 111,297 | ||||||
Juniper Networks, Inc. |
4,954 | 129,399 | ||||||
Lumentum Holdings, Inc. * |
1,528 | 104,775 | ||||||
Motorola Solutions, Inc. |
2,888 | 646,825 | ||||||
Viavi Solutions, Inc. * |
3,204 | 41,812 | ||||||
|
|
|||||||
4,032,941 | ||||||||
|
|
|||||||
Computers & Peripherals 8.7% |
| |||||||
Apple, Inc. |
335,928 | 46,425,250 | ||||||
Dell Technologies, Inc., Class C |
5,183 | 177,103 | ||||||
Hewlett Packard Enterprise Co. |
9,599 | 114,996 | ||||||
HP, Inc. |
17,328 | 431,814 | ||||||
NetApp, Inc. |
4,285 | 265,027 | ||||||
Pure Storage, Inc., Class A * |
2,027 | 55,479 | ||||||
Seagate Technology Holdings PLC |
4,998 | 266,043 | ||||||
Western Digital Corp. * |
3,176 | 103,379 | ||||||
|
|
|||||||
47,839,091 | ||||||||
|
|
|||||||
Construction & Engineering 0.2% |
| |||||||
AECOM |
1,355 | 92,641 | ||||||
API Group Corp. * |
1,855 | 24,616 | ||||||
Comfort Systems USA, Inc. |
533 | 51,877 | ||||||
Dycom Industries, Inc. * |
452 | 43,180 | ||||||
EMCOR Group, Inc. |
1,400 | 161,672 | ||||||
Fluor Corp. *@ |
831 | 20,684 | ||||||
MasTec, Inc. * |
1,400 | 88,900 | ||||||
MDU Resources Group, Inc. |
3,960 | 108,306 | ||||||
Quanta Services, Inc. |
2,550 | 324,844 | ||||||
Valmont Industries, Inc. |
200 | 53,724 | ||||||
WillScot Mobile Mini Holdings Corp. * |
1,927 | 77,716 | ||||||
|
|
|||||||
1,048,160 | ||||||||
|
|
|||||||
Construction Materials 0.1% |
| |||||||
Eagle Materials, Inc. |
626 | 67,094 | ||||||
Martin Marietta Materials, Inc. |
664 | 213,868 | ||||||
Vulcan Materials Co. |
1,521 | 239,877 | ||||||
|
|
|||||||
520,839 | ||||||||
|
|
|||||||
Consumer Finance 0.6% |
| |||||||
Ally Financial, Inc. |
1,328 | 36,958 | ||||||
American Express Co. |
12,759 | 1,721,317 | ||||||
Capital One Financial Corp. |
4,875 | 449,329 | ||||||
Credit Acceptance Corp. *@ |
284 | 124,392 | ||||||
Discover Financial Services |
6,077 | 552,521 | ||||||
FirstCash Holdings, Inc. |
1,032 | 75,697 | ||||||
OneMain Holdings, Inc. |
677 | 19,985 | ||||||
SLM Corp. |
2,583 | 36,136 | ||||||
Synchrony Financial |
8,054 | 227,042 | ||||||
|
|
|||||||
3,243,377 | ||||||||
|
|
|||||||
Containers & Packaging 0.4% |
| |||||||
Amcor PLC |
13,861 | 148,729 | ||||||
AptarGroup, Inc. |
1,483 | 140,930 | ||||||
Avery Dennison Corp. |
2,232 | 363,146 |
SHARES | VALUE | |||||||
Ball Corp. |
6,941 | $ | 335,389 | |||||
Berry Global Group, Inc. * |
3,918 | 182,305 | ||||||
Crown Holdings, Inc. |
3,506 | 284,091 | ||||||
Graphic Packaging Holding Co. |
6,877 | 135,752 | ||||||
Greif, Inc., Class A |
641 | 38,184 | ||||||
Greif, Inc., Class B |
320 | 19,456 | ||||||
International Paper Co. |
4,336 | 137,451 | ||||||
Packaging Corp. of America |
1,552 | 174,274 | ||||||
Sealed Air Corp. |
3,059 | 136,156 | ||||||
Silgan Holdings, Inc. |
2,057 | 86,476 | ||||||
Sonoco Products Co. |
1,933 | 109,659 | ||||||
WestRock Co. |
1 | 31 | ||||||
|
|
|||||||
2,292,029 | ||||||||
|
|
|||||||
Distributors 0.2% |
| |||||||
Genuine Parts Co. |
2,179 | 325,368 | ||||||
LKQ Corp. |
4,303 | 202,886 | ||||||
Pool Corp. |
1,026 | 326,484 | ||||||
|
|
|||||||
854,738 | ||||||||
|
|
|||||||
Diversified Consumer Services 0.1% |
| |||||||
Bright Horizons Family Solutions, Inc. * |
639 | 36,838 | ||||||
H&R Block, Inc. |
4,046 | 172,117 | ||||||
Service Corp. International |
4,767 | 275,246 | ||||||
Terminix Global Holdings, |
3,309 | 126,702 | ||||||
|
|
|||||||
610,903 | ||||||||
|
|
|||||||
Diversified Financial Services 0.9% |
| |||||||
Apollo Global Management, Inc. |
1,436 | 66,774 | ||||||
Berkshire Hathaway, Inc., Class B * |
16,977 | 4,533,199 | ||||||
Equitable Holdings, Inc. |
5,987 | 157,757 | ||||||
Voya Financial, Inc. |
1,519 | 91,900 | ||||||
|
|
|||||||
4,849,630 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 0.9% |
| |||||||
AT&T, Inc. |
73,915 | 1,133,856 | ||||||
Frontier Communications Parent, Inc. * |
1,656 | 38,800 | ||||||
Iridium Communications, Inc. * |
3,043 | 135,018 | ||||||
Lumen Technologies, Inc. @ |
12,123 | 88,255 | ||||||
Verizon Communications, Inc. |
99,340 | 3,771,940 | ||||||
|
|
|||||||
5,167,869 | ||||||||
|
|
|||||||
Electric Utilities 2.0% |
| |||||||
Allete, Inc. |
1,199 | 60,010 | ||||||
Alliant Energy Corp. |
4,621 | 244,867 | ||||||
American Electric Power Co., Inc. |
8,417 | 727,650 | ||||||
Avangrid, Inc. |
1,433 | 59,756 | ||||||
Constellation Energy Corp. |
5,321 | 442,654 | ||||||
Duke Energy Corp. |
13,107 | 1,219,213 | ||||||
Edison International |
6,635 | 375,408 | ||||||
Entergy Corp. |
2,869 | 288,707 | ||||||
Evergy, Inc. |
3,652 | 216,929 | ||||||
Eversource Energy |
5,876 | 458,093 | ||||||
Exelon Corp. |
15,965 | 598,049 | ||||||
FirstEnergy Corp. |
8,176 | 302,512 | ||||||
Hawaiian Electric Industries, Inc. |
2,245 | 77,812 | ||||||
IDACORP, Inc. |
647 | 64,059 | ||||||
NextEra Energy, Inc. |
37,492 | 2,939,748 | ||||||
NRG Energy, Inc. |
6,256 | 239,417 | ||||||
OGE Energy Corp. |
3,314 | 120,828 | ||||||
PG&E Corp. * |
2,100 | 26,250 | ||||||
Pinnacle West Capital Corp. |
1,978 | 127,601 | ||||||
PNM Resources, Inc. |
2,100 | 96,033 | ||||||
Portland General Electric Co. |
1,411 | 61,322 | ||||||
PPL Corp. |
9,200 | 233,220 | ||||||
Southern Co. (The) |
17,830 | 1,212,440 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Electric Utilities (Continued) |
| |||||||
Xcel Energy, Inc. |
9,222 | $ | 590,208 | |||||
|
|
|||||||
10,782,786 | ||||||||
|
|
|||||||
Electrical Equipment 0.6% |
| |||||||
Acuity Brands, Inc. |
1,000 | 157,470 | ||||||
AMETEK, Inc. |
3,933 | 446,041 | ||||||
Atkore, Inc. * |
743 | 57,813 | ||||||
Eaton Corp. PLC |
5,446 | 726,279 | ||||||
Emerson Electric Co. |
9,630 | 705,109 | ||||||
Generac Holdings, Inc. * |
967 | 172,261 | ||||||
Hubbell, Inc. |
1,149 | 256,227 | ||||||
nVent Electric PLC |
2,290 | 72,387 | ||||||
Plug Power, Inc. *@ |
670 | 14,077 | ||||||
Regal Rexnord Corp. |
1,234 | 173,204 | ||||||
Rockwell Automation, Inc. |
2,472 | 531,752 | ||||||
Sensata Technologies Holding PLC |
2,621 | 97,711 | ||||||
Sunrun, Inc. * |
1,483 | 40,916 | ||||||
|
|
|||||||
3,451,247 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 0.7% |
| |||||||
Amphenol Corp., Class A |
12,045 | 806,533 | ||||||
Arrow Electronics, Inc. * |
830 | 76,518 | ||||||
Avnet, Inc. |
944 | 34,097 | ||||||
CDW Corp. |
2,939 | 458,719 | ||||||
Cognex Corp. |
1,711 | 70,921 | ||||||
Coherent Corp. * |
900 | 31,365 | ||||||
Corning, Inc. |
8,949 | 259,700 | ||||||
Fabrinet* |
506 | 48,298 | ||||||
Flex Ltd. * |
7,316 | 121,885 | ||||||
Insight Enterprises, Inc. * |
300 | 24,723 | ||||||
IPG Photonics Corp. * |
471 | 39,729 | ||||||
Jabil, Inc. |
3,689 | 212,892 | ||||||
Keysight Technologies, Inc. * |
3,226 | 507,643 | ||||||
Littelfuse, Inc. |
380 | 75,502 | ||||||
National Instruments Corp. |
1,428 | 53,893 | ||||||
Novanta, Inc. * |
661 | 76,445 | ||||||
TD SYNNEX Corp. |
1,139 | 92,475 | ||||||
TE Connectivity Ltd. |
3,575 | 394,537 | ||||||
Teledyne Technologies, Inc. * |
573 | 193,370 | ||||||
Trimble, Inc. * |
2,830 | 153,584 | ||||||
Zebra Technologies Corp., Class A * |
919 | 240,787 | ||||||
|
|
|||||||
3,973,616 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.2% |
| |||||||
Baker Hughes Co. |
3,464 | 72,606 | ||||||
ChampionX Corp. |
3,461 | 67,732 | ||||||
Halliburton Co. |
11,690 | 287,808 | ||||||
Helmerich & Payne, Inc. |
805 | 29,761 | ||||||
NOV, Inc. |
4,002 | 64,752 | ||||||
Schlumberger NV |
12,666 | 454,709 | ||||||
TechnipFMC PLC * |
4,963 | 41,987 | ||||||
|
|
|||||||
1,019,355 | ||||||||
|
|
|||||||
Entertainment 0.9% |
| |||||||
Activision Blizzard, Inc. |
9,560 | 710,690 | ||||||
Electronic Arts, Inc. |
2,838 | 328,385 | ||||||
Endeavor Group Holdings, Inc., Class A * |
1,972 | 39,953 | ||||||
Liberty Media Corp.-Liberty Formula One, Class A * |
315 | 16,544 | ||||||
Liberty Media Corp.-Liberty Formula One, Class C * |
2,102 | 122,967 |
SHARES | VALUE | |||||||
Live Nation Entertainment, Inc. * |
2,466 | $ | 187,515 | |||||
Madison Square Garden Sports Corp. * |
279 | 38,128 | ||||||
Netflix, Inc. * |
4,747 | 1,117,634 | ||||||
Spotify Technology SA * |
385 | 33,225 | ||||||
Take-Two Interactive Software, Inc. * |
2,052 | 223,668 | ||||||
Walt Disney Co. (The) * |
18,097 | 1,707,090 | ||||||
Warner Bros Discovery, Inc. * |
12,527 | 144,060 | ||||||
Warner Music Group Corp., Class A |
1,467 | 34,049 | ||||||
World Wrestling Entertainment, Inc., Class A |
628 | 44,067 | ||||||
|
|
|||||||
4,747,975 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.7% |
| |||||||
Albertsons Cos., Inc. Class A |
714 | 17,750 | ||||||
BJs Wholesale Club Holdings, Inc. * |
2,341 | 170,448 | ||||||
Caseys General Stores, Inc. |
774 | 156,751 | ||||||
Costco Wholesale Corp. |
8,735 | 4,125,279 | ||||||
Grocery Outlet Holding Corp. * |
1,046 | 34,821 | ||||||
Kroger Co. (The) |
17,571 | 768,731 | ||||||
Performance Food Group Co. * |
1,336 | 57,381 | ||||||
Sprouts Farmers Market, Inc. * |
1,478 | 41,015 | ||||||
Sysco Corp. |
9,579 | 677,331 | ||||||
US Foods Holding Corp. * |
1,600 | 42,304 | ||||||
Walgreens Boots Alliance, Inc. |
6,082 | 190,975 | ||||||
Walmart, Inc. |
25,166 | 3,264,030 | ||||||
|
|
|||||||
9,546,816 | ||||||||
|
|
|||||||
Food Products 1.0% |
| |||||||
Archer-Daniels-Midland Co. |
4,142 | 333,224 | ||||||
Bunge Ltd. |
1,401 | 115,681 | ||||||
Campbell Soup Co. |
4,243 | 199,930 | ||||||
Conagra Brands, Inc. |
3,575 | 116,652 | ||||||
Darling Ingredients, Inc. * |
3,101 | 205,131 | ||||||
Flowers Foods, Inc. |
3,652 | 90,168 | ||||||
General Mills, Inc. |
8,511 | 652,028 | ||||||
Hershey Co. (The) |
2,946 | 649,505 | ||||||
Hormel Foods Corp. |
4,014 | 182,396 | ||||||
Hostess Brands, Inc. * |
1,697 | 39,438 | ||||||
Ingredion, Inc. |
1,590 | 128,027 | ||||||
J.M. Smucker Co. (The) |
1,268 | 174,236 | ||||||
Kellogg Co. |
5,495 | 382,782 | ||||||
Kraft Heinz Co. (The) |
5,057 | 168,651 | ||||||
Lamb Weston Holdings, Inc. |
4,603 | 356,180 | ||||||
Lancaster Colony Corp. |
522 | 78,446 | ||||||
McCormick & Co., Inc. |
405 | 29,638 | ||||||
McCormick & Co., Inc. |
3,171 | 225,997 | ||||||
Mondelez International, Inc., Class A |
11,759 | 644,746 | ||||||
Pilgrims Pride Corp. * |
1,700 | 39,134 | ||||||
Post Holdings, Inc. * |
1,501 | 122,947 | ||||||
Seaboard Corp. |
11 | 37,429 | ||||||
Tyson Foods, Inc., Class A |
5,064 | 333,869 | ||||||
|
|
|||||||
5,306,235 | ||||||||
|
|
|||||||
Gas Utilities 0.1% |
| |||||||
Atmos Energy Corp. |
2,360 | 240,366 | ||||||
National Fuel Gas Co. |
1,600 | 98,480 | ||||||
New Jersey Resources Corp. |
954 | 36,920 | ||||||
ONE Gas, Inc. |
249 | 17,527 | ||||||
South Jersey Industries, Inc. |
884 | 29,543 | ||||||
Southwest Gas Holdings, Inc. |
1,343 | 93,674 | ||||||
Spire, Inc. |
549 | 34,219 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Gas Utilities (Continued) |
| |||||||
UGI Corp. |
2,799 | $ | 90,492 | |||||
|
|
|||||||
641,221 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 1.8% |
| |||||||
Abbott Laboratories |
23,514 | 2,275,215 | ||||||
Abiomed, Inc. * |
350 | 85,981 | ||||||
Align Technology, Inc. * |
833 | 172,523 | ||||||
Baxter International, Inc. |
7,728 | 416,230 | ||||||
Becton Dickinson & Co. |
2,001 | 445,883 | ||||||
Boston Scientific Corp. * |
10,979 | 425,217 | ||||||
Cooper Cos., Inc. (The) |
521 | 137,492 | ||||||
Dentsply Sirona, Inc. |
1,213 | 34,389 | ||||||
DexCom, Inc. * |
2,749 | 221,404 | ||||||
Edwards Lifesciences Corp. * |
8,835 | 730,036 | ||||||
Envista Holdings Corp. * |
2,222 | 72,904 | ||||||
Globus Medical, Inc., Class A * |
1,500 | 89,355 | ||||||
Haemonetics Corp. * |
657 | 48,638 | ||||||
Hologic, Inc. * |
4,904 | 316,406 | ||||||
ICU Medical, Inc. * |
98 | 14,759 | ||||||
Idexx Laboratories, Inc. * |
2,000 | 651,600 | ||||||
Insulet Corp. * |
740 | 169,756 | ||||||
Integra LifeSciences Holdings Corp. * |
1,168 | 49,476 | ||||||
Intuitive Surgical, Inc. * |
1,973 | 369,819 | ||||||
Lantheus Holdings, Inc. * |
601 | 42,268 | ||||||
Masimo Corp. * |
608 | 85,825 | ||||||
Medtronic PLC |
9,595 | 774,796 | ||||||
Merit Medical Systems, Inc. * |
769 | 43,456 | ||||||
Neogen Corp. * |
7,062 | 98,656 | ||||||
Novocure Ltd. * |
300 | 22,794 | ||||||
Omnicell, Inc. * |
500 | 43,515 | ||||||
Penumbra, Inc. * |
389 | 73,754 | ||||||
ResMed, Inc. |
2,579 | 562,996 | ||||||
Shockwave Medical, Inc. * |
212 | 58,951 | ||||||
STAAR Surgical Co. * |
630 | 44,447 | ||||||
STERIS plc |
889 | 147,823 | ||||||
Stryker Corp. |
4,501 | 911,633 | ||||||
Teleflex, Inc. |
364 | 73,331 | ||||||
Zimmer Biomet Holdings, Inc. |
1,186 | 123,996 | ||||||
|
|
|||||||
9,835,324 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.4% |
| |||||||
Acadia Healthcare Co., Inc. * |
1,169 | 91,392 | ||||||
agilon health, Inc. * |
1,131 | 26,488 | ||||||
Amedisys, Inc. * |
578 | 55,945 | ||||||
AmerisourceBergen Corp. |
2,652 | 358,895 | ||||||
AMN Healthcare Services, |
799 | 84,662 | ||||||
Cardinal Health, Inc. |
3,943 | 262,919 | ||||||
Centene Corp. * |
4,920 | 382,825 | ||||||
Chemed Corp. |
339 | 147,994 | ||||||
CIGNA Corp. |
5,306 | 1,472,256 | ||||||
CVS Health Corp. |
14,844 | 1,415,672 | ||||||
DaVita, Inc. * |
2,100 | 173,817 | ||||||
Elevance Health, Inc. |
3,677 | 1,670,240 | ||||||
Encompass Health Corp. |
2,141 | 96,837 | ||||||
Enhabit, Inc. * |
1,070 | 15,023 | ||||||
Ensign Group, Inc. (The) |
687 | 54,617 | ||||||
HCA Healthcare, Inc. |
3,366 | 618,637 | ||||||
HealthEquity, Inc. * |
331 | 22,233 | ||||||
Henry Schein, Inc. * |
3,048 | 200,467 | ||||||
Humana, Inc. |
2,029 | 984,451 | ||||||
Laboratory Corp. of America Holdings |
1,685 | 345,105 | ||||||
McKesson Corp. |
2,992 | 1,016,891 | ||||||
Molina Healthcare, Inc. * |
1,058 | 348,971 | ||||||
Option Care Health, Inc. * |
1,563 | 49,188 |
SHARES | VALUE | |||||||
Premier, Inc., Class A |
1,383 | $ | 46,939 | |||||
Quest Diagnostics, Inc. |
2,455 | 301,204 | ||||||
R1 RCM, Inc. * |
1,861 | 34,484 | ||||||
Select Medical Holdings Corp. |
1,347 | 29,769 | ||||||
Tenet Healthcare Corp. * |
1,281 | 66,074 | ||||||
UnitedHealth Group, Inc. |
16,609 | 8,388,209 | ||||||
Universal Health Services, Inc., Class B |
1,628 | 143,557 | ||||||
|
|
|||||||
18,905,761 | ||||||||
|
|
|||||||
Health Care Technology 0.1% |
| |||||||
Change Healthcare, Inc. * |
7,084 | 194,739 | ||||||
Veeva Systems, Inc., Class A * |
1,334 | 219,950 | ||||||
|
|
|||||||
414,689 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.8% |
| |||||||
Aramark |
2,445 | 76,284 | ||||||
Booking Holdings, Inc. * |
578 | 949,775 | ||||||
Boyd Gaming Corp. |
1,142 | 54,416 | ||||||
Chipotle Mexican Grill, Inc. * |
423 | 635,667 | ||||||
Choice Hotels International, Inc. |
1,000 | 109,520 | ||||||
Churchill Downs, Inc. |
524 | 96,495 | ||||||
Darden Restaurants, Inc. |
2,002 | 252,893 | ||||||
Dominos Pizza, Inc. |
716 | 222,103 | ||||||
Expedia Group, Inc. * |
1,275 | 119,455 | ||||||
Hilton Worldwide Holdings, Inc. |
3,388 | 408,661 | ||||||
Hyatt Hotels Corp., Class A * |
300 | 24,288 | ||||||
Las Vegas Sands Corp. * |
3,185 | 119,501 | ||||||
Marriott International, Inc., Class A |
5,910 | 828,227 | ||||||
Marriott Vacations Worldwide Corp. |
750 | 91,395 | ||||||
McDonalds Corp. |
12,813 | 2,956,472 | ||||||
MGM Resorts International |
3,426 | 101,821 | ||||||
Penn Entertainment, Inc. * |
1,589 | 43,713 | ||||||
Planet Fitness, Inc. Class A * |
1,127 | 64,983 | ||||||
Royal Caribbean Cruises Ltd. * |
2,550 | 96,645 | ||||||
SeaWorld Entertainment, Inc. * |
920 | 41,869 | ||||||
Starbucks Corp. |
19,320 | 1,627,903 | ||||||
Texas Roadhouse, Inc. |
1,257 | 109,686 | ||||||
Travel + Leisure Co. |
1,126 | 38,419 | ||||||
Vail Resorts, Inc. |
666 | 143,616 | ||||||
Wendys Co. (The) |
5,687 | 106,290 | ||||||
Wingstop, Inc. |
324 | 40,636 | ||||||
Wyndham Hotels & Resorts, Inc. |
1,765 | 108,283 | ||||||
Wynn Resorts Ltd. *@ |
738 | 46,516 | ||||||
Yum! Brands, Inc. |
5,152 | 547,864 | ||||||
|
|
|||||||
10,063,396 | ||||||||
|
|
|||||||
Household Durables 0.3% |
| |||||||
DR Horton, Inc. |
5,753 | 387,464 | ||||||
Garmin Ltd. |
2,389 | 191,861 | ||||||
Leggett & Platt, Inc. |
3,378 | 112,217 | ||||||
Lennar Corp., B Shares |
72 | 4,285 | ||||||
Lennar Corp., Class A |
3,122 | 232,745 | ||||||
Mohawk Industries, Inc. * |
600 | 54,714 | ||||||
Newell Brands, Inc. |
1,165 | 16,182 | ||||||
NVR, Inc. * |
68 | 271,121 | ||||||
PulteGroup, Inc. |
4,404 | 165,150 | ||||||
Skyline Champion Corp. * |
476 | 25,166 | ||||||
Tempur Sealy International, Inc. |
3,440 | 83,042 | ||||||
Toll Brothers, Inc. |
1,650 | 69,300 | ||||||
TopBuild Corp. * |
500 | 82,390 | ||||||
Whirlpool Corp. |
1,555 | 209,630 | ||||||
|
|
|||||||
1,905,267 | ||||||||
|
|
|||||||
Household Products 1.5% |
| |||||||
Church & Dwight Co., Inc. |
4,542 | 324,480 | ||||||
Clorox Co. (The) |
2,311 | 296,709 | ||||||
Colgate-Palmolive Co. |
15,714 | 1,103,909 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Household Products (Continued) |
| |||||||
Kimberly-Clark Corp. |
5,955 | $ | 670,176 | |||||
Procter & Gamble Co. (The) |
48,462 | 6,118,327 | ||||||
Reynolds Consumer Products, Inc. |
878 | 22,837 | ||||||
|
|
|||||||
8,536,438 | ||||||||
|
|
|||||||
Independent Power Producers & Energy Traders 0.1% |
| |||||||
AES Corp. (The) |
11,000 | 248,600 | ||||||
Atlantica Sustainable Infrastructure PLC |
700 | 18,410 | ||||||
Clearway Energy, Inc., Class A |
1,270 | 36,957 | ||||||
Clearway Energy, Inc., Class C |
2,400 | 76,440 | ||||||
Ormat Technologies, Inc. |
741 | 63,874 | ||||||
Vistra Corp. |
3,161 | 66,381 | ||||||
|
|
|||||||
510,662 | ||||||||
|
|
|||||||
Industrial Conglomerates 0.7% |
| |||||||
3M Co. |
13,151 | 1,453,186 | ||||||
General Electric Co. |
2,729 | 168,952 | ||||||
Honeywell International, Inc. |
12,821 | 2,140,722 | ||||||
|
|
|||||||
3,762,860 | ||||||||
|
|
|||||||
Insurance 1.9% |
| |||||||
Aflac, Inc. |
7,013 | 394,131 | ||||||
Alleghany Corp. * |
167 | 140,175 | ||||||
Allstate Corp. (The) |
2,925 | 364,250 | ||||||
American Equity Investment Life Holding Co. |
788 | 29,385 | ||||||
American Financial Group, Inc. |
527 | 64,784 | ||||||
American International Group, Inc. |
4,355 | 206,775 | ||||||
Aon PLC, Class A |
4,982 | 1,334,528 | ||||||
Arch Capital Group Ltd. * |
3,373 | 153,606 | ||||||
Arthur J. Gallagher & Co. |
2,175 | 372,403 | ||||||
Assurant, Inc. |
1,143 | 166,044 | ||||||
Assured Guaranty Ltd. |
900 | 43,605 | ||||||
Axis Capital Holdings Ltd. |
1,300 | 63,895 | ||||||
Brighthouse Financial, Inc. * |
674 | 29,265 | ||||||
Brown & Brown, Inc. |
4,399 | 266,051 | ||||||
Chubb Ltd. |
3,276 | 595,839 | ||||||
Cincinnati Financial Corp. |
1,150 | 103,005 | ||||||
CNA Financial Corp. |
943 | 34,797 | ||||||
Enstar Group Ltd. * |
300 | 50,877 | ||||||
Erie Indemnity Co., Class A |
545 | 121,159 | ||||||
Everest Re Group Ltd. |
191 | 50,126 | ||||||
Fidelity National Financial, Inc. |
4,510 | 163,262 | ||||||
First American Financial Corp. |
2,368 | 109,165 | ||||||
Globe Life, Inc. |
1,141 | 113,758 | ||||||
Hanover Insurance Group, Inc. (The) |
696 | 89,185 | ||||||
Hartford Financial Services Group, Inc. (The) |
4,796 | 297,064 | ||||||
Kinsale Capital Group, Inc. |
257 | 65,643 | ||||||
Lincoln National Corp. |
2,031 | 89,181 | ||||||
Loews Corp. |
1,471 | 73,315 | ||||||
Markel Corp. * |
100 | 108,422 | ||||||
Marsh & McLennan Cos., Inc. |
9,000 | 1,343,610 | ||||||
MBIA, Inc. * |
3,600 | 33,120 | ||||||
MetLife, Inc. |
4,850 | 294,783 | ||||||
Old Republic International Corp. |
2,863 | 59,923 | ||||||
Primerica, Inc. |
919 | 113,451 | ||||||
Principal Financial Group, Inc. |
2,619 | 188,961 | ||||||
Progressive Corp. (The) |
8,028 | 932,934 | ||||||
Prudential Financial, Inc. |
2,294 | 196,779 |
SHARES | VALUE | |||||||
Reinsurance Group of America, Inc. |
777 | $ | 97,754 | |||||
RenaissanceRe Holdings Ltd. |
783 | 109,925 | ||||||
RLI Corp. |
700 | 71,666 | ||||||
Selective Insurance Group, Inc. |
829 | 67,481 | ||||||
Travelers Companies, Inc. (The) |
5,274 | 807,977 | ||||||
Unum Group |
1,700 | 65,960 | ||||||
W. R. Berkley Corp. |
2,655 | 171,460 | ||||||
White Mountains Insurance Group Ltd. |
33 | 43,000 | ||||||
Willis Towers Watson PLC |
1,050 | 210,987 | ||||||
|
|
|||||||
10,503,466 | ||||||||
|
|
|||||||
Interactive Media & Services 4.3% |
| |||||||
Alphabet, Inc., Class A * |
91,160 | 8,719,454 | ||||||
Alphabet, Inc., Class C * |
89,820 | 8,636,193 | ||||||
Bumble, Inc., Class A *@ |
861 | 18,503 | ||||||
Match Group, Inc. * |
3,467 | 165,549 | ||||||
Meta Platforms, Inc., Class A * |
40,998 | 5,562,609 | ||||||
Pinterest, Inc., Class A * |
810 | 18,873 | ||||||
Snap, Inc., Class A * |
3,870 | 38,003 | ||||||
Twitter, Inc. * |
5,999 | 262,996 | ||||||
Ziff Davis, Inc. * |
1,013 | 69,370 | ||||||
Zillow Group, Inc., Class A * |
436 | 12,483 | ||||||
Zillow Group, Inc., Class C *@ |
1,159 | 33,159 | ||||||
ZoomInfo Technologies, Inc. * |
878 | 36,578 | ||||||
|
|
|||||||
23,573,770 | ||||||||
|
|
|||||||
Internet & Catalog Retail 3.7% |
| |||||||
Amazon.com, Inc. * |
176,560 | 19,951,280 | ||||||
eBay, Inc. |
9,533 | 350,910 | ||||||
Etsy, Inc. * |
2,334 | 233,703 | ||||||
|
|
|||||||
20,535,893 | ||||||||
|
|
|||||||
IT Services 5.0% |
| |||||||
Accenture PLC, Class A |
12,877 | 3,313,252 | ||||||
Akamai Technologies, Inc. * |
2,286 | 183,612 | ||||||
Amdocs Ltd. |
2,698 | 214,356 | ||||||
Automatic Data Processing, Inc. |
9,817 | 2,220,507 | ||||||
Block, Inc., Class A * |
2,826 | 155,402 | ||||||
Broadridge Financial Solutions, Inc. |
2,485 | 358,635 | ||||||
Cognizant Technology Solutions Corp., Class A |
8,574 | 492,491 | ||||||
Concentrix Corp. |
1,139 | 127,147 | ||||||
DXC Technology Co. * |
2,810 | 68,789 | ||||||
EPAM Systems, Inc. * |
781 | 282,870 | ||||||
Euronet Worldwide, Inc. * |
911 | 69,017 | ||||||
ExlService Holdings, Inc. * |
264 | 38,903 | ||||||
Fidelity National Information Services, Inc. |
5,983 | 452,135 | ||||||
Fiserv, Inc. * |
5,324 | 498,167 | ||||||
FleetCor Technologies, Inc. * |
1,396 | 245,933 | ||||||
Gartner, Inc. * |
1,713 | 473,970 | ||||||
Genpact Ltd. |
2,839 | 124,263 | ||||||
Global Payments, Inc. |
3,120 | 337,116 | ||||||
Globant SA * |
394 | 73,710 | ||||||
GoDaddy, Inc., Class A * |
2,137 | 151,471 | ||||||
International Business Machines Corp. |
20,148 | 2,393,784 | ||||||
Jack Henry & Associates, Inc. |
1,300 | 236,951 | ||||||
MasterCard, Inc., Class A |
21,634 | 6,151,412 | ||||||
Maximus, Inc. |
1,464 | 84,722 | ||||||
MongoDB, Inc. * |
284 | 56,391 | ||||||
Okta, Inc. * |
1,243 | 70,689 | ||||||
Paychex, Inc. |
5,938 | 666,303 | ||||||
PayPal Holdings, Inc. * |
12,255 | 1,054,788 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
IT Services (Continued) |
| |||||||
Snowflake, Inc., Class A * |
1,051 | $ | 178,628 | |||||
SS&C Technologies Holdings, Inc. |
3,246 | 154,996 | ||||||
Switch, Inc., Class A |
1,080 | 36,385 | ||||||
Twilio, Inc., Class A * |
1,065 | 73,634 | ||||||
VeriSign, Inc. * |
1,702 | 295,637 | ||||||
Visa, Inc., Class A |
34,029 | 6,045,252 | ||||||
Western Union Co. (The) |
6,874 | 92,799 | ||||||
WEX, Inc. * |
663 | 84,161 | ||||||
|
|
|||||||
27,558,278 | ||||||||
|
|
|||||||
Leisure Equipment & Products 0.1% |
| |||||||
Acushnet Holdings Corp. |
993 | 43,186 | ||||||
Brunswick Corp. |
1,810 | 118,464 | ||||||
Hasbro, Inc. |
2,087 | 140,706 | ||||||
Mattel, Inc. * |
6,862 | 129,966 | ||||||
Polaris, Inc. |
1,034 | 98,902 | ||||||
Topgolf Callaway Brands Corp. * |
982 | 18,913 | ||||||
|
|
|||||||
550,137 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.5% |
| |||||||
Agilent Technologies, Inc. |
3,928 | 477,448 | ||||||
Avantor, Inc. * |
4,257 | 83,437 | ||||||
Azenta, Inc. |
1,100 | 47,146 | ||||||
Bio-Rad Laboratories, Inc., Class A * |
223 | 93,022 | ||||||
Bio-Techne Corp. |
473 | 134,332 | ||||||
Bruker Corp. |
2,044 | 108,455 | ||||||
Charles River Laboratories International, Inc. * |
640 | 125,952 | ||||||
Danaher Corp. |
6,554 | 1,692,833 | ||||||
Illumina, Inc. * |
1,577 | 300,876 | ||||||
IQVIA Holdings, Inc. * |
2,790 | 505,381 | ||||||
Maravai LifeSciences Holdings, Inc., Class A * |
2,496 | 63,723 | ||||||
Medpace Holdings, Inc. * |
500 | 78,585 | ||||||
Mettler-Toledo International, Inc. * |
519 | 562,658 | ||||||
PerkinElmer, Inc. |
2,006 | 241,382 | ||||||
Repligen Corp. * |
355 | 66,424 | ||||||
Sotera Health Co. * |
1,385 | 9,446 | ||||||
Syneos Health, Inc. * |
927 | 43,708 | ||||||
Thermo Fisher Scientific, Inc. |
5,401 | 2,739,333 | ||||||
Waters Corp. * |
1,391 | 374,916 | ||||||
West Pharmaceutical Services, Inc. |
1,211 | 298,003 | ||||||
|
|
|||||||
8,047,060 | ||||||||
|
|
|||||||
Machinery 2.1% |
| |||||||
AGCO Corp. |
1,297 | 124,732 | ||||||
Allison Transmission Holdings, Inc. |
1,376 | 46,454 | ||||||
Caterpillar, Inc. |
12,969 | 2,127,954 | ||||||
Chart Industries, Inc. *@ |
200 | 36,870 | ||||||
Crane Holdings Co. |
1,115 | 97,607 | ||||||
Cummins, Inc. |
2,675 | 544,389 | ||||||
Deere & Co. |
7,430 | 2,480,803 | ||||||
Donaldson Co., Inc. |
2,651 | 129,925 | ||||||
Dover Corp. |
2,615 | 304,857 | ||||||
Esab Corp. |
564 | 18,815 | ||||||
Evoqua Water Technologies Corp. * |
1,408 | 46,563 | ||||||
Flowserve Corp. |
1,775 | 43,132 | ||||||
Fortive Corp. |
3,548 | 206,848 | ||||||
Franklin Electric Co., Inc. |
300 | 24,513 | ||||||
Graco, Inc. |
3,370 | 202,031 | ||||||
IDEX Corp. |
1,004 | 200,649 | ||||||
Illinois Tool Works, Inc. |
6,946 | 1,254,795 | ||||||
Ingersoll Rand, Inc. |
3,972 | 171,829 | ||||||
ITT, Inc. |
2,081 | 135,973 |
SHARES | VALUE | |||||||
Lincoln Electric Holdings, Inc. |
1,491 | $ | 187,449 | |||||
Middleby Corp. (The) * |
1,043 | 133,681 | ||||||
Mueller Industries, Inc. |
388 | 23,063 | ||||||
Nordson Corp. |
848 | 180,005 | ||||||
Oshkosh Corp. |
1,700 | 119,493 | ||||||
Otis Worldwide Corp. |
5,642 | 359,960 | ||||||
PACCAR, Inc. |
5,660 | 473,685 | ||||||
Parker-Hannifin Corp. |
2,575 | 623,948 | ||||||
Pentair PLC |
1,393 | 56,598 | ||||||
RBC Bearings, Inc. * |
421 | 87,488 | ||||||
Snap-On, Inc. |
1,143 | 230,143 | ||||||
Stanley Black & Decker, Inc. |
2,408 | 181,106 | ||||||
Timken Co., (The) |
1,644 | 97,062 | ||||||
Toro Co. (The) |
2,683 | 232,026 | ||||||
Watts Water Technologies, Inc., Class A |
400 | 50,292 | ||||||
Westinghouse Air Brake Technologies Corp. |
1,144 | 93,064 | ||||||
Xylem, Inc. |
2,293 | 200,316 | ||||||
|
|
|||||||
11,528,118 | ||||||||
|
|
|||||||
Marine 0.0% |
| |||||||
Kirby Corp. * |
322 | 19,568 | ||||||
|
|
|||||||
Media 0.8% |
| |||||||
Cable One, Inc. |
101 | 86,158 | ||||||
Charter Communications, Inc., Class A * |
2,672 | 810,551 | ||||||
Comcast Corp., Class A |
65,506 | 1,921,291 | ||||||
DISH Network Corp., Class A * |
43 | 595 | ||||||
Fox Corp. Class A |
3,686 | 113,086 | ||||||
Fox Corp. Class B |
661 | 18,839 | ||||||
Interpublic Group of Cos., Inc. (The) |
6,061 | 155,162 | ||||||
Liberty Broadband Corp., Class A * |
315 | 23,499 | ||||||
Liberty Broadband Corp., Class C * |
1,371 | 101,180 | ||||||
Liberty Media Corp.-Liberty Siriusxm, Class A * |
1,263 | 48,082 | ||||||
Liberty Media Corp.-Liberty Siriusxm, Class C * |
1,178 | 44,422 | ||||||
New York Times Co. (The), Class A |
1,641 | 47,179 | ||||||
News Corp., Class A |
3,913 | 59,125 | ||||||
News Corp., Class B |
1,525 | 23,516 | ||||||
Nexstar Media Group, Inc. Class A |
900 | 150,165 | ||||||
Omnicom Group, Inc. |
4,831 | 304,788 | ||||||
Paramount Global, Class A @ |
616 | 13,269 | ||||||
Paramount Global, Class B @ |
1,143 | 21,763 | ||||||
Sirius XM Holdings, Inc. @ |
12,754 | 72,825 | ||||||
TEGNA, Inc. |
2,624 | 54,264 | ||||||
Trade Desk, Inc. (The), |
4,830 | 288,592 | ||||||
|
|
|||||||
4,358,351 | ||||||||
|
|
|||||||
Metals & Mining 0.4% |
| |||||||
Alcoa Corp. |
2,296 | 77,283 | ||||||
Cleveland-Cliffs, Inc. * |
2,915 | 39,265 | ||||||
Commercial Metals Co. |
1,475 | 52,333 | ||||||
Freeport-McMoRan, Inc. |
23,281 | 636,270 | ||||||
MP Materials Corp. * |
923 | 25,198 | ||||||
Newmont Corp. |
7,854 | 330,104 | ||||||
Nucor Corp. |
5,263 | 563,089 | ||||||
Reliance Steel & Aluminum Co. |
1,403 | 244,697 | ||||||
Royal Gold, Inc. |
1,115 | 104,609 | ||||||
Southern Copper Corp. |
1,769 | 79,322 | ||||||
Steel Dynamics, Inc. |
3,175 | 225,266 | ||||||
United States Steel Corp. |
2,198 | 39,828 | ||||||
|
|
|||||||
2,417,264 | ||||||||
|
|
|||||||
Multi-Utilities 0.8% |
| |||||||
Ameren Corp. |
3,328 | 268,070 | ||||||
Black Hills Corp. |
1,300 | 88,049 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Multi-Utilities (Continued) |
| |||||||
Centerpoint Energy, Inc. |
6,700 | $ | 188,806 | |||||
CMS Energy Corp. |
5,199 | 302,790 | ||||||
Consolidated Edison, Inc. |
5,063 | 434,203 | ||||||
Dominion Energy, Inc. |
13,388 | 925,245 | ||||||
DTE Energy Co. |
3,247 | 373,567 | ||||||
NiSource, Inc. |
5,791 | 145,875 | ||||||
NorthWestern Corp. |
858 | 42,282 | ||||||
Public Service Enterprise Group, Inc. |
8,415 | 473,176 | ||||||
Sempra Energy |
4,736 | 710,116 | ||||||
WEC Energy Group, Inc. |
4,990 | 446,256 | ||||||
|
|
|||||||
4,398,435 | ||||||||
|
|
|||||||
Multiline Retail 0.7% |
| |||||||
Dollar General Corp. |
5,731 | 1,374,638 | ||||||
Dollar Tree, Inc. * |
2,486 | 338,344 | ||||||
Macys, Inc. |
4,200 | 65,814 | ||||||
Ollies Bargain Outlet Holdings, Inc. * |
691 | 35,656 | ||||||
Target Corp. |
13,538 | 2,008,904 | ||||||
|
|
|||||||
3,823,356 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.4% |
| |||||||
Antero Midstream Corp. |
3,600 | 33,048 | ||||||
Antero Resources Corp. * |
3,300 | 100,749 | ||||||
APA Corp. |
5,617 | 192,045 | ||||||
Cheniere Energy, Inc. |
5,110 | 847,800 | ||||||
Chesapeake Energy Corp. @ |
918 | 86,485 | ||||||
Chevron Corp. |
20,184 | 2,899,835 | ||||||
Chord Energy Corp. |
466 | 63,735 | ||||||
Comstock Resources, Inc. * |
2,670 | 46,164 | ||||||
ConocoPhillips |
18,168 | 1,859,313 | ||||||
Continental Resources, Inc. |
1,157 | 77,299 | ||||||
Coterra Energy, Inc. |
8,623 | 225,233 | ||||||
CVR Energy, Inc. |
1,186 | 34,370 | ||||||
Denbury, Inc. * |
300 | 25,878 | ||||||
Devon Energy Corp. |
12,088 | 726,851 | ||||||
Diamondback Energy, Inc. |
2,249 | 270,915 | ||||||
DT Midstream, Inc. * |
1,623 | 84,217 | ||||||
EOG Resources, Inc. |
9,574 | 1,069,703 | ||||||
EQT Corp. |
3,800 | 154,850 | ||||||
Exxon Mobil Corp. |
51,529 | 4,498,997 | ||||||
Hess Corp. |
4,540 | 494,815 | ||||||
HF Sinclair Corp. |
2,161 | 116,348 | ||||||
Kinder Morgan, Inc. |
8,265 | 137,530 | ||||||
Magnolia Oil & Gas Corp., Class A |
1,900 | 37,639 | ||||||
Marathon Oil Corp. |
8,798 | 198,659 | ||||||
Marathon Petroleum Corp. |
5,516 | 547,904 | ||||||
Matador Resources Co. |
1,362 | 66,629 | ||||||
Murphy Oil Corp. |
1,330 | 46,776 | ||||||
New Fortress Energy, Inc. |
1,001 | 43,754 | ||||||
Occidental Petroleum Corp. |
18,731 | 1,151,020 | ||||||
ONEOK, Inc. |
6,698 | 343,206 | ||||||
Ovintiv, Inc. |
3,582 | 164,772 | ||||||
PBF Energy, Inc., Class A * |
1,038 | 36,496 | ||||||
PDC Energy, Inc. |
985 | 56,923 | ||||||
Peabody Energy Corp. *@ |
1,941 | 48,176 | ||||||
Phillips 66 |
3,291 | 265,650 | ||||||
Pioneer Natural Resources Co. |
3,066 | 663,881 | ||||||
Range Resources Corp. |
3,129 | 79,039 | ||||||
SM Energy Co. |
1,784 | 67,096 | ||||||
Southwestern Energy Co. * |
8,393 | 51,365 |
SHARES | VALUE | |||||||
Targa Resources Corp. |
1,997 | $ | 120,499 | |||||
Texas Pacific Land Corp. |
58 | 103,079 | ||||||
Valero Energy Corp. |
4,073 | 435,200 | ||||||
Williams Cos., Inc. (The) |
13,491 | 386,247 | ||||||
|
|
|||||||
18,960,190 | ||||||||
|
|
|||||||
Paper & Forest Products 0.0% |
| |||||||
Louisiana-Pacific Corp. |
1,880 | 96,237 | ||||||
|
|
|||||||
Personal Products 0.2% |
| |||||||
Coty, Inc., Class A * |
2,516 | 15,901 | ||||||
Estee Lauder Companies, Inc. (The), Class A |
4,869 | 1,051,217 | ||||||
|
|
|||||||
1,067,118 | ||||||||
|
|
|||||||
Pharmaceuticals 5.0% |
| |||||||
Bristol-Myers Squibb Co. |
33,566 | 2,386,207 | ||||||
Catalent, Inc. * |
2,337 | 169,105 | ||||||
Elanco Animal Health, Inc. * |
4,517 | 56,056 | ||||||
Eli Lilly & Co. |
19,445 | 6,287,541 | ||||||
Jazz Pharmaceuticals PLC * |
1,092 | 145,553 | ||||||
Johnson & Johnson |
55,065 | 8,995,418 | ||||||
Merck & Co., Inc. |
47,673 | 4,105,599 | ||||||
Organon & Co. |
4,671 | 109,301 | ||||||
Perrigo Co. PLC |
1,790 | 63,831 | ||||||
Pfizer, Inc. |
79,600 | 3,483,296 | ||||||
Royalty Pharma PLC, Class A |
2,744 | 110,254 | ||||||
Viatris, Inc. |
10,369 | 88,344 | ||||||
Zoetis, Inc. |
11,289 | 1,674,046 | ||||||
|
|
|||||||
27,674,551 | ||||||||
|
|
|||||||
Professional Services 0.6% |
| |||||||
ASGN, Inc. * |
677 | 61,181 | ||||||
Booz Allen Hamilton Holding Corp. |
3,549 | 327,750 | ||||||
CACI International, Inc., Class A * |
656 | 171,255 | ||||||
Clarivate PLC * |
1,732 | 16,263 | ||||||
CoStar Group, Inc. * |
2,890 | 201,289 | ||||||
Dun & Bradstreet Holdings, Inc. |
2,459 | 30,467 | ||||||
Equifax, Inc. |
1,711 | 293,317 | ||||||
Exponent, Inc. |
799 | 70,048 | ||||||
FTI Consulting, Inc. * |
662 | 109,700 | ||||||
Insperity, Inc. |
451 | 46,043 | ||||||
Jacobs Solutions, Inc. |
1,338 | 145,160 | ||||||
KBR, Inc. |
2,987 | 129,098 | ||||||
Leidos Holdings, Inc. |
2,174 | 190,160 | ||||||
Manpowergroup, Inc. |
1,600 | 103,504 | ||||||
Nielsen Holdings PLC |
4,300 | 119,196 | ||||||
Robert Half International, Inc. |
2,642 | 202,113 | ||||||
Science Applications International Corp. |
1,371 | 121,238 | ||||||
TransUnion |
2,647 | 157,470 | ||||||
TriNet Group, Inc. * |
865 | 61,605 | ||||||
Verisk Analytics, Inc. |
3,116 | 531,371 | ||||||
|
|
|||||||
3,088,228 | ||||||||
|
|
|||||||
Real Estate Management & Development 0.1% |
| |||||||
CBRE Group, Inc., Class A * |
5,492 | 370,765 | ||||||
Jones Lang LaSalle, Inc. * |
1,100 | 166,177 | ||||||
|
|
|||||||
536,942 | ||||||||
|
|
|||||||
Road & Rail 1.3% |
| |||||||
AMERCO |
152 | 77,401 | ||||||
Avis Budget Group, Inc. * |
673 | 99,914 | ||||||
CSX Corp. |
47,289 | 1,259,779 | ||||||
Hertz Global Holdings, Inc. *@ |
1,191 | 19,389 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Road & Rail (Continued) |
| |||||||
JB Hunt Transport Services, Inc. |
2,271 | $ | 355,230 | |||||
Knight-Swift Transportation Holdings, Inc. |
2,249 | 110,044 | ||||||
Landstar System, Inc. |
1,073 | 154,909 | ||||||
Norfolk Southern Corp. |
4,620 | 968,583 | ||||||
Old Dominion Freight Line, Inc. |
1,937 | 481,867 | ||||||
Saia, Inc. * |
200 | 38,000 | ||||||
Schneider National, Inc., Class B |
1,939 | 39,362 | ||||||
Uber Technologies, Inc. * |
9,836 | 260,654 | ||||||
Union Pacific Corp. |
15,597 | 3,038,607 | ||||||
XPO Logistics, Inc. * |
1,934 | 86,102 | ||||||
|
|
|||||||
6,989,841 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 5.0% |
| |||||||
Advanced Micro Devices, Inc. * |
15,994 | 1,013,380 | ||||||
Amkor Technology, Inc. |
2,141 | 36,504 | ||||||
Analog Devices, Inc. |
4,750 | 661,865 | ||||||
Applied Materials, Inc. |
20,575 | 1,685,710 | ||||||
Broadcom, Inc. |
9,251 | 4,107,537 | ||||||
Cirrus Logic, Inc. * |
1,237 | 85,106 | ||||||
Enphase Energy, Inc. * |
1,883 | 522,476 | ||||||
Entegris, Inc. |
2,634 | 218,675 | ||||||
First Solar, Inc. * |
1,023 | 135,312 | ||||||
Intel Corp. |
58,527 | 1,508,241 | ||||||
KLA Corp. |
3,591 | 1,086,744 | ||||||
Lam Research Corp. |
3,492 | 1,278,072 | ||||||
Lattice Semiconductor Corp. * |
1,742 | 85,724 | ||||||
MACOM Technology Solutions Holdings, Inc. * |
878 | 45,472 | ||||||
Marvell Technology, Inc. |
6,428 | 275,825 | ||||||
Microchip Technology, Inc. |
8,612 | 525,590 | ||||||
Micron Technology, Inc. |
15,518 | 777,452 | ||||||
MKS Instruments, Inc. |
1,252 | 103,465 | ||||||
Monolithic Power Systems, Inc. |
581 | 211,135 | ||||||
NVIDIA Corp. |
43,332 | 5,260,071 | ||||||
NXP Semiconductors NV |
400 | 59,004 | ||||||
ON Semiconductor Corp. * |
8,229 | 512,914 | ||||||
Onto Innovation, Inc. * |
307 | 19,663 | ||||||
Power Integrations, Inc. |
846 | 54,415 | ||||||
Qorvo, Inc. * |
1,637 | 129,994 | ||||||
QUALCOMM, Inc. |
25,043 | 2,829,358 | ||||||
Silicon Laboratories, Inc. * |
600 | 74,064 | ||||||
Skyworks Solutions, Inc. |
3,226 | 275,081 | ||||||
SolarEdge Technologies, Inc. * |
455 | 105,314 | ||||||
Synaptics, Inc. * |
1 | 99 | ||||||
Teradyne, Inc. |
3,943 | 296,316 | ||||||
Texas Instruments, Inc. |
21,009 | 3,251,773 | ||||||
Universal Display Corp. |
786 | 74,159 | ||||||
Wolfspeed, Inc. *@ |
857 | 88,580 | ||||||
|
|
|||||||
27,395,090 | ||||||||
|
|
|||||||
Software 8.2% |
| |||||||
Adobe, Inc. * |
9,085 | 2,500,192 | ||||||
Alarm.com Holdings, Inc. * |
692 | 44,883 | ||||||
ANSYS, Inc. * |
813 | 180,242 | ||||||
Aspen Technology, Inc. * |
923 | 219,859 | ||||||
Atlassian Corp. PLC, Class A * |
1,245 | 262,185 | ||||||
Autodesk, Inc. * |
2,329 | 435,057 | ||||||
Bentley Systems, Inc., Class B |
2,343 | 71,672 | ||||||
Bill.com Holdings, Inc. * |
791 | 104,705 | ||||||
Black Knight, Inc. * |
2,102 | 136,062 | ||||||
Box, Inc., Class A * |
2,773 | 67,633 | ||||||
Cadence Design Systems, Inc. * |
5,024 | 821,072 | ||||||
Ceridian HCM Holding, Inc. * |
995 | 55,601 | ||||||
Citrix Systems, Inc. <> |
2,573 | 267,592 |
SHARES | VALUE | |||||||
Crowdstrike Holdings, Inc., Class A * |
825 | $ | 135,968 | |||||
Datadog, Inc., Class A * |
1,407 | 124,913 | ||||||
DocuSign, Inc. * |
500 | 26,735 | ||||||
Dolby Laboratories, Inc., Class A |
938 | 61,111 | ||||||
DoubleVerify Holdings, Inc. * |
1,981 | 54,180 | ||||||
Dropbox, Inc., Class A * |
2,689 | 55,716 | ||||||
Dynatrace, Inc. * |
1,205 | 41,946 | ||||||
Fair Isaac Corp. * |
488 | 201,061 | ||||||
Five9, Inc. * |
200 | 14,996 | ||||||
Fortinet, Inc. * |
13,845 | 680,205 | ||||||
Guidewire Software, Inc. * |
801 | 49,326 | ||||||
HubSpot, Inc. * |
406 | 109,669 | ||||||
Intuit, Inc. |
3,683 | 1,426,500 | ||||||
Manhattan Associates, Inc. * |
2,300 | 305,969 | ||||||
Microsoft Corp. |
130,116 | 30,304,016 | ||||||
NCR Corp. * |
591 | 11,235 | ||||||
NortonLifeLock, Inc. |
5,861 | 118,041 | ||||||
Oracle Corp. |
26,244 | 1,602,721 | ||||||
Palantir Technologies, Inc., Class A * |
13,943 | 113,357 | ||||||
Palo Alto Networks, Inc. * |
2,385 | 390,639 | ||||||
Paycom Software, Inc. * |
888 | 293,031 | ||||||
Paylocity Holding Corp. * |
668 | 161,375 | ||||||
Procore Technologies, Inc. * |
810 | 40,079 | ||||||
PTC, Inc. * |
1,031 | 107,843 | ||||||
Qualys, Inc. * |
503 | 70,113 | ||||||
Roper Technologies, Inc. |
1,156 | 415,744 | ||||||
Salesforce, Inc. * |
7,199 | 1,035,504 | ||||||
ServiceNow, Inc. * |
1,610 | 607,952 | ||||||
Splunk, Inc. * |
1,045 | 78,584 | ||||||
SPS Commerce, Inc. * |
393 | 48,822 | ||||||
Synopsys, Inc. * |
1,737 | 530,671 | ||||||
Teradata Corp. * |
1,256 | 39,011 | ||||||
Tyler Technologies, Inc. * |
424 | 147,340 | ||||||
VMware, Inc., Class A |
2,695 | 286,910 | ||||||
Workday, Inc., Class A * |
981 | 149,328 | ||||||
Zendesk, Inc. * |
1,234 | 93,907 | ||||||
Zoom Video Communications, Inc., Class A * |
1,484 | 109,208 | ||||||
Zscaler, Inc. * |
705 | 115,881 | ||||||
|
|
|||||||
45,326,362 | ||||||||
|
|
|||||||
Specialty Retail 2.5% |
| |||||||
Academy Sports & Outdoors, Inc. |
1,110 | 46,820 | ||||||
Advance Auto Parts, Inc. |
1,238 | 193,549 | ||||||
AutoNation, Inc. * |
961 | 97,897 | ||||||
AutoZone, Inc. * |
433 | 927,456 | ||||||
Bath & Body Works, Inc. |
600 | 19,560 | ||||||
Best Buy Co., Inc. |
6,478 | 410,316 | ||||||
Burlington Stores, Inc. * |
571 | 63,889 | ||||||
Carmax, Inc. * |
2,905 | 191,788 | ||||||
Carvana Co. *@ |
614 | 12,464 | ||||||
Dicks Sporting Goods, Inc. |
1,695 | 177,365 | ||||||
Five Below, Inc. * |
1,000 | 137,670 | ||||||
Floor & Decor Holdings, Inc., Class A * |
701 | 49,252 | ||||||
Foot Locker, Inc. |
1,146 | 35,675 | ||||||
Home Depot, Inc. (The) |
16,895 | 4,662,006 | ||||||
Lithia Motors, Inc. |
199 | 42,695 | ||||||
Lowes Cos., Inc. |
11,397 | 2,140,471 | ||||||
Murphy USA, Inc. |
1,116 | 306,800 | ||||||
OReilly Automotive, Inc. * |
1,311 | 922,092 | ||||||
Penske Automotive Group, Inc. |
658 | 64,767 | ||||||
RH* |
330 | 81,203 | ||||||
Ross Stores, Inc. |
6,470 | 545,227 | ||||||
TJX Cos., Inc. (The) |
27,206 | 1,690,037 | ||||||
Tractor Supply Co. |
2,732 | 507,824 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
||||||||
Specialty Retail (Continued) |
||||||||
Ulta Beauty, Inc. * |
984 | $ | 394,771 | |||||
Williams-Sonoma, Inc. |
2,400 | 282,840 | ||||||
|
|
|||||||
14,004,434 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.7% |
|
|||||||
Capri Holdings Ltd. * |
1,085 | 41,707 | ||||||
Columbia Sportswear Co. |
858 | 57,743 | ||||||
Deckers Outdoor Corp. * |
473 | 147,865 | ||||||
Lululemon Athletica, Inc. * |
2,254 | 630,128 | ||||||
NIKE, Inc., Class B |
26,906 | 2,236,427 | ||||||
PVH Corp. |
760 | 34,048 | ||||||
Ralph Lauren Corp. |
1,100 | 93,423 | ||||||
Skechers U.S.A., Inc., Class A * |
1,800 | 57,096 | ||||||
Tapestry, Inc. |
5,352 | 152,157 | ||||||
Under Armour, Inc., Class A * |
2,760 | 18,354 | ||||||
Under Armour, Inc., Class C * |
2,884 | 17,189 | ||||||
VF Corp. |
5,509 | 164,774 | ||||||
|
|
|||||||
3,650,911 | ||||||||
|
|
|||||||
Thrifts & Mortgage Finance 0.0% |
|
|||||||
Essent Group Ltd. |
700 | 24,409 | ||||||
MGIC Investment Corp. |
4,400 | 56,408 | ||||||
New York Community Bancorp, |
6,032 | 51,453 | ||||||
Rocket Cos, Inc.Class A |
3,544 | 22,398 | ||||||
TFS Financial Corp. |
1,093 | 14,209 | ||||||
Walker & Dunlop, Inc. |
353 | 29,557 | ||||||
WSFS Financial Corp. |
417 | 19,374 | ||||||
|
|
|||||||
217,808 | ||||||||
|
|
|||||||
Tobacco 0.5% |
||||||||
Altria Group, Inc. |
27,551 | 1,112,509 | ||||||
Philip Morris International, Inc. |
21,397 | 1,776,165 | ||||||
|
|
|||||||
2,888,674 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.4% |
|
|||||||
Air Lease Corp. |
1,296 | 40,189 | ||||||
Applied Industrial Technologies, Inc. |
374 | 38,440 | ||||||
Beacon Roofing Supply, Inc. * |
1,400 | 76,608 | ||||||
Fastenal Co. |
12,697 | 584,570 | ||||||
GATX Corp. |
410 | 34,911 | ||||||
Herc Holdings, Inc. |
387 | 40,202 | ||||||
MSC Industrial Direct Co., Inc., Class A |
1,100 | 80,091 | ||||||
SiteOne Landscape Supply, Inc. * |
654 | 68,108 | ||||||
Triton International Ltd. |
400 | 21,892 | ||||||
United Rentals, Inc. * |
2,064 | 557,528 | ||||||
Univar Solutions, Inc. * |
2,156 | 49,027 | ||||||
Watsco, Inc. |
474 | 122,036 | ||||||
WESCO International, Inc. * |
596 | 71,150 | ||||||
WW Grainger, Inc. |
1,097 | 536,641 | ||||||
|
|
|||||||
2,321,393 | ||||||||
|
|
|||||||
Water Utilities 0.1% |
||||||||
American States Water Co. |
626 | 48,797 | ||||||
American Water Works Co., Inc. |
3,475 | 452,306 | ||||||
California Water Service Group |
380 | 20,022 | ||||||
Essential Utilities, Inc. |
3,662 | 151,533 | ||||||
|
|
|||||||
672,658 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 0.2% |
|
|||||||
T-Mobile US, Inc. * |
8,733 | 1,171,707 | ||||||
|
|
|||||||
TOTAL COMMON STOCKS (Identified Cost $134,525,303) |
527,019,455 | |||||||
|
|
SHARES | VALUE | |||||||
MUTUAL FUNDS 4.2% |
||||||||
Others 4.2% |
||||||||
DFA U.S. Micro Cap Portfolio |
1,050,300 | $ | 22,812,511 | |||||
|
|
|||||||
TOTAL MUTUAL FUNDS (Identified Cost $13,393,976) |
22,812,511 | |||||||
|
|
|||||||
SHORT-TERM INVESTMENTS 0.4% |
|
|||||||
Investment Company 0.4% |
||||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
2,066,495 | 2,066,495 | ||||||
|
|
|||||||
2,066,495 | ||||||||
|
|
|||||||
Collateral For Securities On Loan 0.0% |
|
|||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 3.030% |
231,230 | 231,230 | ||||||
|
|
|||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $2,297,725) |
2,297,725 | |||||||
|
|
|||||||
Total Investments 100.1% (Identified Cost $150,217,004) |
552,129,691 | |||||||
Liabilities, Less Cash and Other Assets (0.1%) |
|
(470,409 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
$ | 551,659,282 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2022, the fair value of the securities on loan was $976,115. |
<> | Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2022 | ||
(As a percentage of long-term investments) (Unaudited) |
Sector |
Percentage | |||
Information Technology |
28.5 | % | ||
Health Care |
14.3 | % | ||
Financials |
12.5 | % | ||
Consumer Discretionary |
12.0 | % | ||
Industrials |
9.5 | % | ||
Communication Services |
7.1 | % | ||
Consumer Staples |
7.0 | % | ||
Energy |
3.6 | % | ||
Utilities |
3.1 | % | ||
Materials |
2.4 | % | ||
|
|
|||
100.0 | % |
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
FACE AMOUNT |
VALUE | |||||||||||
BONDS AND NOTES 97.8% |
| |||||||||||
Australia 8.8% |
| |||||||||||
Australia & New Zealand Banking Group Ltd., 3.700%, 11/16/25 |
USD | 1,000,000 | $ | 965,613 | ||||||||
Commonwealth Bank of Australia, 1.125%, 6/15/26 ± |
USD | 11,800,000 | 10,299,553 | |||||||||
National Australia Bank Ltd., 0.250%, 5/20/24 |
EUR | 500,000 | 468,661 | |||||||||
National Australia Bank Ltd., 1.388%, 1/12/25 ± |
USD | 600,000 | 555,680 | |||||||||
National Australia Bank Ltd., 2.900%, 2/25/27 |
AUD | 1,000,000 | 587,163 | |||||||||
National Australia Bank Ltd., 3.375%, 1/14/26 |
USD | 8,500,000 | 8,105,808 | |||||||||
New South Wales Treasury Corp., 1.250%, 3/20/25 |
AUD | 500,000 | 300,516 | |||||||||
New South Wales Treasury Corp., 4.000%, 5/20/26 |
AUD | 15,900,000 | 10,165,627 | |||||||||
Queensland Treasury Corp., 3.250%, 7/21/26 ± |
AUD | 8,500,000 | 5,290,622 | |||||||||
Queensland Treasury Corp., 4.750%, 7/21/25 ± |
AUD | 1,350,000 | 881,998 | |||||||||
Queensland Treasury Corp., 5.750%, 7/22/24 |
AUD | 700,000 | 462,543 | |||||||||
South Australian Government Financing Authority, 2.250%, 8/15/24 |
AUD | 500,000 | 310,775 | |||||||||
South Australian Government Financing Authority, 3.000%, 7/20/26 |
AUD | 4,300,000 | 2,652,471 | |||||||||
Treasury Corp. of Victoria, 0.500%, 11/20/25 |
AUD | 9,400,000 | 5,409,706 | |||||||||
Treasury Corp. of Victoria, 5.500%, 12/17/24 |
AUD | 500,000 | 331,097 | |||||||||
Western Australian Treasury Corp., 2.500%, 7/23/24 |
AUD | 500,000 | 312,687 | |||||||||
Western Australian Treasury Corp., 5.000%, 7/23/25 |
AUD | 500,000 | 328,866 | |||||||||
Westpac Banking Corp., 1.019%, 11/18/24 |
USD | 2,000,000 | 1,856,141 | |||||||||
Westpac Banking Corp., 1.150%, 6/03/26 |
USD | 6,500,000 | 5,688,650 | |||||||||
Westpac Banking Corp., 2.350%, 2/19/25 |
USD | 3,196,000 | 3,028,700 | |||||||||
Westpac Banking Corp., 2.850%, 5/13/26 |
USD | 4,300,000 | 4,010,127 | |||||||||
Westpac Banking Corp., (3-mo. Swap + 0.950%), 3.254%, 11/16/23 |
AUD | 100,000 | 64,254 | |||||||||
Westpac Banking Corp., 4.125%, 6/04/26 |
AUD | 2,300,000 | 1,433,423 | |||||||||
|
|
|||||||||||
63,510,681 | ||||||||||||
|
|
|||||||||||
Austria 1.0% |
| |||||||||||
Oesterreichische Kontrollbank AG, 1.250%, 12/15/23 |
GBP | 1,400,000 | 1,501,966 | |||||||||
Oesterreichische Kontrollbank AG, 0.500%, 9/16/24 |
USD | 3,012,000 | 2,798,587 | |||||||||
Republic of Austria Government Bond, 1.650%, 10/21/24 ± |
EUR | 3,200,000 | 3,124,484 | |||||||||
|
|
|||||||||||
7,425,037 | ||||||||||||
|
|
FACE AMOUNT |
VALUE | |||||||||||
Belgium 0.4% |
| |||||||||||
Euroclear Bank SA, 0.125%, 7/07/25 |
EUR | 150,000 | $ | 135,354 | ||||||||
Kingdom of Belgium Government Bond, 0.500%, 10/22/24 ± |
EUR | 2,600,000 | 2,481,949 | |||||||||
Kingdom of Belgium Government Bond, 0.800%, 6/22/25 ± |
EUR | 400,000 | 380,465 | |||||||||
|
|
|||||||||||
2,997,768 | ||||||||||||
|
|
|||||||||||
Canada 11.5% |
| |||||||||||
Bank of Montreal, 2.700%, 9/11/24 |
CAD | 600,000 | 418,753 | |||||||||
Bank of Montreal, 2.890%, 6/20/23 |
CAD | 7,500,000 | 5,367,733 | |||||||||
Canadian Imperial Bank of Commerce, 2.970%, 7/11/23 |
CAD | 7,100,000 | 5,079,315 | |||||||||
CPPIB Capital, Inc., 0.375%, 7/25/23 |
GBP | 1,300,000 | 1,405,567 | |||||||||
CPPIB Capital, Inc., 0.875%, 9/09/26 ± |
USD | 11,203,000 | 9,739,758 | |||||||||
CPPIB Capital, Inc., 1.250%, 3/04/25 |
USD | 1,500,000 | 1,390,893 | |||||||||
Export Development Canada, 0.000%, 1/27/25 # |
EUR | 700,000 | 644,925 | |||||||||
Export Development Canada, 1.375%, 12/08/23 |
GBP | 1,366,000 | 1,468,724 | |||||||||
Export Development Canada, 2.625%, 2/21/24 |
USD | 4,085,000 | 3,989,411 | |||||||||
OMERS Finance Trust, 0.450%, 5/13/25 |
EUR | 2,450,000 | 2,254,176 | |||||||||
Ontario Teachers Finance Trust, 0.500%, 5/06/25 |
EUR | 1,350,000 | 1,244,440 | |||||||||
Province of Alberta Canada, 0.500%, 4/16/25 |
EUR | 1,900,000 | 1,759,252 | |||||||||
Province of Alberta Canada, 0.625%, 4/18/25 |
EUR | 1,000,000 | 928,294 | |||||||||
Province of Alberta Canada, 2.950%, 1/23/24 |
USD | 1,300,000 | 1,275,309 | |||||||||
Province of Manitoba Canada, 2.600%, 4/16/24 |
USD | 3,000,000 | 2,919,838 | |||||||||
Province of Ontario Canada, 0.500%, 12/15/23 |
GBP | 650,000 | 689,766 | |||||||||
Province of Ontario Canada, 0.875%, 1/21/25 |
EUR | 200,000 | 187,745 | |||||||||
Province of Ontario Canada, 3.050%, 1/29/24 |
USD | 4,500,000 | 4,419,681 | |||||||||
Province of Ontario Canada, 3.100%, 8/26/25 |
AUD | 2,000,000 | 1,232,221 | |||||||||
Province of Ontario Canada, 3.400%, 10/17/23 |
USD | 1,000,000 | 989,155 | |||||||||
Province of Quebec Canada, 0.875%, 1/15/25 |
EUR | 2,400,000 | 2,254,129 | |||||||||
Province of Quebec Canada, 2.500%, 4/09/24 |
USD | 8,158,000 | 7,935,358 | |||||||||
Province of Quebec Canada, 3.700%, 5/20/26 |
AUD | 4,500,000 | 2,791,692 | |||||||||
PSP Capital, Inc., 0.500%, 9/15/24 |
USD | 1,219,000 | 1,131,322 | |||||||||
PSP Capital, Inc., 1.000%, 6/29/26 ± |
USD | 709,000 | 622,791 |
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
FACE AMOUNT |
VALUE | |||||||||||
BONDS AND NOTES (Continued) |
| |||||||||||
Canada (Continued) |
| |||||||||||
Royal Bank of Canada, 2.333%, 12/05/23 |
CAD | 3,100,000 | $ | 2,186,273 | ||||||||
Royal Bank of Canada, 4.200%, 6/22/26 |
AUD | 500,000 | 312,379 | |||||||||
Toronto-Dominion Bank (The), 0.750%, 9/11/25 |
USD | 500,000 | 441,395 | |||||||||
Toronto-Dominion Bank (The), 0.750%, 1/06/26 |
USD | 2,124,000 | 1,845,798 | |||||||||
Toronto-Dominion Bank (The), 1.128%, 12/09/25 |
CAD | 2,759,000 | 1,773,801 | |||||||||
Toronto-Dominion Bank (The), 1.200%, 6/03/26 |
USD | 2,938,000 | 2,553,622 | |||||||||
Toronto-Dominion Bank (The), 1.909%, 7/18/23 |
CAD | 5,900,000 | 4,184,517 | |||||||||
Toronto-Dominion Bank (The), 3.005%, 5/30/23 |
CAD | 7,500,000 | 5,377,717 | |||||||||
Toronto-Dominion Bank (The), 3.226%, 7/24/24 |
CAD | 2,500,000 | 1,765,364 | |||||||||
|
|
|||||||||||
82,581,114 | ||||||||||||
|
|
|||||||||||
Denmark 3.2% |
| |||||||||||
Denmark Government Bond, 0.000%, 11/15/24 # |
DKK | 154,000,000 | 19,437,717 | |||||||||
Kommunekredit, 1.000%, 12/15/23 |
USD | 2,600,000 | 2,498,994 | |||||||||
Kommunekredit, 2.000%, 6/25/24 |
GBP | 1,300,000 | 1,383,667 | |||||||||
|
|
|||||||||||
23,320,378 | ||||||||||||
|
|
|||||||||||
Finland 1.4% |
| |||||||||||
Finland Government Bond, 0.000%, 9/15/24 ±# |
EUR | 7,400,000 | 6,993,409 | |||||||||
Finland Government Bond, 0.875%, 9/15/25 ± |
EUR | 1,600,000 | 1,510,648 | |||||||||
Kuntarahoitus Oyj, 0.875%, 12/16/24 |
GBP | 900,000 | 921,010 | |||||||||
OP Corporate Bank plc, 1.000%, 5/22/25 |
EUR | 1,000,000 | 923,741 | |||||||||
|
|
|||||||||||
10,348,808 | ||||||||||||
|
|
|||||||||||
France 6.6% |
| |||||||||||
Agence Francaise de Developpement EPIC, 0.000%, 3/25/25 # |
EUR | 2,800,000 | 2,596,268 | |||||||||
Agence Francaise de Developpement EPIC, 0.625%, 1/22/26 @ |
USD | 6,200,000 | 5,478,529 | |||||||||
BNP Paribas SA, 2.875%, 9/26/23 |
EUR | 132,000 | 129,647 | |||||||||
Bpifrance SACA, 0.500%, 5/25/25 |
EUR | 1,000,000 | 934,027 | |||||||||
Caisse dAmortissement de la Dette Sociale, 0.375%, 5/27/24 |
USD | 2,500,000 | 2,337,375 | |||||||||
Caisse dAmortissement de la Dette Sociale, 1.375%, 11/25/24 |
EUR | 800,000 | 768,645 | |||||||||
Caisse dAmortissement de la Dette Sociale, 3.375%, 3/20/24 |
USD | 371,000 | 365,606 |
FACE AMOUNT |
VALUE | |||||||||||
Dexia Credit Local SA, 0.500%, 7/22/23 |
GBP | 300,000 | $ | 324,101 | ||||||||
Dexia Credit Local SA, 0.500%, 7/16/24 |
USD | 6,800,000 | 6,338,691 | |||||||||
Dexia Credit Local SA, 0.500%, 1/17/25 |
EUR | 500,000 | 465,968 | |||||||||
Dexia Credit Local SA, 1.125%, 4/09/26 |
USD | 7,490,000 | 6,667,790 | |||||||||
Dexia Credit Local SA, 1.250%, 11/26/24 |
EUR | 2,600,000 | 2,471,450 | |||||||||
Dexia Credit Local SA, 1.625%, 12/08/23 |
GBP | 600,000 | 645,181 | |||||||||
French Republic Government Bond OAT, 0.000%, 2/25/25 # |
EUR | 4,100,000 | 3,831,319 | |||||||||
Sanofi Sr Unsecured Regs 04/25 0.875, 0.875%, 4/06/25 |
EUR | 300,000 | 281,194 | |||||||||
SFIL SA, 0.625%, 2/09/26 |
USD | 11,400,000 | 10,039,958 | |||||||||
Societe Nationale SNCF SA, 4.125%, 2/19/25 |
EUR | 1,500,000 | 1,528,320 | |||||||||
UNEDIC ASSEO, 0.125%, 11/25/24 |
EUR | 800,000 | 748,717 | |||||||||
UNEDIC ASSEO, 0.625%, 2/17/25 |
EUR | 300,000 | 282,786 | |||||||||
UNEDIC ASSEO, 2.375%, 5/25/24 |
EUR | 1,100,000 | 1,080,616 | |||||||||
|
|
|||||||||||
47,316,188 | ||||||||||||
|
|
|||||||||||
Germany 6.1% |
| |||||||||||
Erste Abwicklungsanstalt, 0.250%, 3/01/24 |
USD | 9,000,000 | 8,496,791 | |||||||||
Erste Abwicklungsanstalt, 0.875%, 10/30/24 |
USD | 3,400,000 | 3,168,238 | |||||||||
FMS Wertmanagement, 0.375%, 5/06/24 |
USD | 2,000,000 | 1,878,294 | |||||||||
Free State of Bavaria, 0.010%, 1/17/25 |
EUR | 150,000 | 138,810 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.000%, 11/15/24 # |
EUR | 300,000 | 280,628 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.000%, 2/18/25 # |
EUR | 4,150,000 | 3,855,559 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.010%, 3/31/25 |
EUR | 412,000 | 381,673 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.125%, 10/04/24 |
EUR | 1,000,000 | 940,707 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.250%, 3/08/24 |
USD | 4,733,000 | 4,469,406 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.375%, 4/23/25 |
EUR | 638,000 | 595,770 | |||||||||
Kreditanstalt fuer Wiederaufbau, 1.250%, 12/29/23 |
GBP | 833,000 | 892,446 | |||||||||
Kreditanstalt fuer Wiederaufbau, 1.625%, 5/10/24 |
USD | 1,000,000 | 958,965 | |||||||||
Kreditanstalt fuer Wiederaufbau, 3.200%, 9/11/26 |
AUD | 500,000 | 306,457 | |||||||||
Kreditanstalt fuer Wiederaufbau, 4.000%, 2/27/25 |
AUD | 1,200,000 | 763,649 | |||||||||
Landeskreditbank Baden-Wuerttemberg Foerderbank, 0.375%, 12/09/24 |
GBP | 800,000 | 809,392 |
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
FACE AMOUNT |
VALUE | |||||||||||
BONDS AND NOTES (Continued) |
| |||||||||||
Germany (Continued) |
| |||||||||||
Landeskreditbank Baden-Wuerttemberg Foerderbank, 1.375%, 12/15/23 |
GBP | 1,100,000 | $ | 1,180,540 | ||||||||
Landeskreditbank Baden-Wuerttemberg Foerderbank, 2.000%, 7/23/24 |
USD | 7,562,000 | 7,258,711 | |||||||||
Landwirtschaftliche Rentenbank, 3.125%, 11/14/23 |
USD | 1,000,000 | 986,998 | |||||||||
Landwirtschaftliche Rentenbank, 4.250%, 1/09/25 |
AUD | 3,780,000 | 2,417,815 | |||||||||
Landwirtschaftliche Rentenbank, 4.750%, 4/08/24 |
AUD | 1,200,000 | 774,768 | |||||||||
Landwirtschaftliche Rentenbank, 4.750%, 5/06/26 |
AUD | 1,100,000 | 712,667 | |||||||||
Landwirtschaftliche Rentenbank, 5.375%, 4/23/24 |
NZD | 1,000,000 | 564,070 | |||||||||
NRW Bank, 0.375%, 12/16/24 |
GBP | 400,000 | 405,502 | |||||||||
NRW Bank, 1.050%, 3/31/26 |
AUD | 2,350,000 | 1,332,962 | |||||||||
|
|
|||||||||||
43,570,818 | ||||||||||||
|
|
|||||||||||
Luxembourg 0.5% |
| |||||||||||
European Financial Stability Facility, 0.000%, 4/19/24 # |
EUR | 2,300,000 | 2,176,652 | |||||||||
European Financial Stability Facility, 0.000%, 10/15/25 # |
EUR | 1,000,000 | 909,300 | |||||||||
European Financial Stability Facility, 0.500%, 7/11/25 |
EUR | 240,000 | 222,908 | |||||||||
|
|
|||||||||||
3,308,860 | ||||||||||||
|
|
|||||||||||
Netherlands 4.3% |
| |||||||||||
BNG Bank NV, 3.500%, 8/26/24 ± |
USD | 1,700,000 | 1,673,671 | |||||||||
BNG Bank NV, 0.500%, 4/16/25 |
EUR | 1,600,000 | 1,486,741 | |||||||||
BNG Bank NV, 2.000%, 4/12/24 |
GBP | 2,400,000 | 2,565,422 | |||||||||
BNG Bank NV, 3.250%, 7/15/25 |
AUD | 2,400,000 | 1,488,952 | |||||||||
Cooperatieve Rabobank UA, 1.375%, 1/10/25 |
USD | 444,000 | 409,105 | |||||||||
Nederlandse Waterschapsbank NV, 2.000%, 12/16/24 |
GBP | 1,550,000 | 1,623,793 | |||||||||
Nederlandse Waterschapsbank NV, 1.125%, 3/15/24 |
USD | 2,150,000 | 2,053,533 | |||||||||
Netherlands Government Bond, 0.000%, 1/15/24 ±# |
EUR | 1,800,000 | 1,726,050 | |||||||||
Netherlands Government Bond, 0.250%, 7/15/25 ± |
EUR | 1,300,000 | 1,218,797 | |||||||||
Netherlands Government Bond, 2.000%, 7/15/24 ± |
EUR | 15,600,000 | 15,361,397 | |||||||||
Novo Nordisk Finance Netherlands BV, 0.750%, 3/31/25 |
EUR | 200,000 | 186,362 | |||||||||
Roche Finance Europe BV, 0.875%, 2/25/25 |
EUR | 1,000,000 | 944,195 | |||||||||
Shell International Finance BV, 0.750%, 5/12/24 |
EUR | 200,000 | 190,163 | |||||||||
|
|
|||||||||||
30,928,181 | ||||||||||||
|
|
|||||||||||
New Zealand 0.7% |
| |||||||||||
Bank of New Zealand, 1.000%, 3/03/26 ± |
USD | 971,000 | 845,869 | |||||||||
New Zealand Local Government Funding Agency Bond, 2.250%, 4/15/24 |
NZD | 6,800,000 | 3,655,437 |
FACE AMOUNT |
VALUE | |||||||||||
New Zealand Local Government Funding Agency Bond, 2.750%, 4/15/25 |
NZD | 500,000 | $ | 265,383 | ||||||||
|
|
|||||||||||
4,766,689 | ||||||||||||
|
|
|||||||||||
Norway 2.4% |
| |||||||||||
Equinor ASA, 1.750%, 1/22/26 |
USD | 1,900,000 | 1,710,855 | |||||||||
Kommunalbanken AS, 0.250%, 12/08/23 |
USD | 2,600,000 | 2,477,465 | |||||||||
Kommunalbanken AS, 1.000%, 12/12/24 |
GBP | 250,000 | 256,759 | |||||||||
Kommunalbanken AS, 0.600%, 6/01/26 |
AUD | 2,000,000 | 1,112,116 | |||||||||
Kommunalbanken AS, 1.500%, 12/15/23 |
GBP | 400,000 | 430,332 | |||||||||
Kommunalbanken AS, 2.000%, 6/19/24 |
USD | 2,700,000 | 2,596,008 | |||||||||
Kommunalbanken AS, 2.750%, 2/05/24 |
USD | 600,000 | 587,574 | |||||||||
Norway Government Bond, 1.750%, 3/13/25 ± |
NOK | 19,800,000 | 1,760,169 | |||||||||
Norway Government Bond, 3.000%, 3/14/24 ± |
NOK | 70,000,000 | 6,427,535 | |||||||||
|
|
|||||||||||
17,358,813 | ||||||||||||
|
|
|||||||||||
Supranational 14.5% |
| |||||||||||
African Development Bank, 4.500%, 6/02/26 |
AUD | 1,500,000 | 961,044 | |||||||||
African Development Bank, 4.750%, 3/06/24 |
AUD | 500,000 | 322,402 | |||||||||
Asian Development Bank, 0.375%, 6/11/24 |
USD | 800,000 | 749,430 | |||||||||
Asian Development Bank, 0.500%, 5/05/26 |
AUD | 6,000,000 | 3,347,302 | |||||||||
Asian Development Bank, 1.375%, 12/15/23 |
GBP | 6,540,000 | 7,024,752 | |||||||||
Asian Development Bank, 1.625%, 3/15/24 |
USD | 7,989,000 | 7,689,196 | |||||||||
Asian Development Bank, 2.500%, 12/19/24 |
GBP | 750,000 | 795,898 | |||||||||
Asian Development Bank, 3.750%, 3/12/25 |
AUD | 1,000,000 | 632,419 | |||||||||
Asian Infrastructure Investment Bank (The), 0.500%, 1/27/26 |
USD | 7,464,000 | 6,532,138 | |||||||||
Asian Infrastructure Investment Bank (The), 1.000%, 5/06/26 |
AUD | 2,400,000 | 1,358,222 | |||||||||
Asian Infrastructure Investment Bank (The), 2.250%, 5/16/24 |
USD | 844,000 | 815,543 | |||||||||
Council of Europe Development Bank, 0.375%, 3/27/25 |
EUR | 787,000 | 729,009 | |||||||||
Eurofima Europaeische Gesellschaft fuer die Finanzierung von Eisenbahnmaterial, 0.250%, 2/09/24 |
EUR | 191,000 | 181,463 | |||||||||
European Financial Stability Facility, 0.400%, 2/17/25 |
EUR | 400,000 | 373,566 | |||||||||
European Financial Stability Facility, 1.750%, 6/27/24 |
EUR | 598,000 | 580,185 | |||||||||
European Financial Stability Facility, 2.125%, 2/19/24 |
EUR | 1,250,000 | 1,223,169 | |||||||||
European Investment Bank, 0.000%, 3/25/25 # |
EUR | 140,000 | 129,133 | |||||||||
European Investment Bank, 0.750%, 11/15/24 |
GBP | 1,100,000 | 1,128,704 |
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
FACE AMOUNT |
VALUE | |||||||||||
BONDS AND NOTES (Continued) |
| |||||||||||
Supranational (Continued) |
| |||||||||||
European Investment Bank, 0.875%, 12/15/23 |
GBP | 2,590,000 | $ | 2,766,005 | ||||||||
European Investment Bank, 0.875%, 9/13/24 |
EUR | 450,000 | 428,408 | |||||||||
European Investment Bank, 1.250%, 5/12/25 |
SEK | 5,000,000 | 427,750 | |||||||||
European Investment Bank, 1.375%, 3/07/25 |
GBP | 700,000 | 714,493 | |||||||||
European Investment Bank, 2.625%, 3/15/24 |
USD | 3,800,000 | 3,710,825 | |||||||||
European Investment Bank, 2.900%, 10/17/25 |
AUD | 2,200,000 | 1,352,342 | |||||||||
European Investment Bank, 3.250%, 1/29/24 |
USD | 1,623,000 | 1,601,185 | |||||||||
European Stability Mechanism, 0.000%, 12/16/24 # |
EUR | 1,600,000 | 1,486,560 | |||||||||
European Stability Mechanism, 0.000%, 3/14/25 # |
EUR | 1,566,000 | 1,444,806 | |||||||||
European Union, 0.000%, 7/06/26 # |
EUR | 600,000 | 534,910 | |||||||||
European Union, 0.500%, 4/04/25 |
EUR | 1,000,000 | 936,167 | |||||||||
European Union, 0.800%, 7/04/25 |
EUR | 14,020,000 | 13,188,368 | |||||||||
Inter-American Development Bank, 1.250%, 12/15/23 |
GBP | 7,300,000 | 7,833,997 | |||||||||
Inter-American Development Bank, 1.375%, 12/15/24 |
GBP | 350,000 | 362,022 | |||||||||
Inter-American Development Bank, 2.750%, 10/30/25 |
AUD | 300,000 | 183,268 | |||||||||
Inter-American Development Bank, 3.000%, 2/21/24 |
USD | 963,000 | 946,233 | |||||||||
Inter-American Development Bank, 3.250%, 7/01/24 |
USD | 2,493,000 | 2,445,426 | |||||||||
Inter-American Development Bank, 4.250%, 6/11/26 |
AUD | 6,000,000 | 3,813,830 | |||||||||
Inter-American Development Bank, 4.750%, 8/27/24 |
AUD | 5,500,000 | 3,550,162 | |||||||||
Inter-American Investment Corp., 1.750%, 10/02/24 |
USD | 648,000 | 615,686 | |||||||||
International Bank for Reconstruction & Development, 0.500%, 5/18/26 |
AUD | 2,800,000 | 1,561,603 | |||||||||
International Bank for Reconstruction & Development, 2.500%, 8/03/23 |
CAD | 800,000 | 571,904 | |||||||||
International Bank for Reconstruction & Development, 2.500%, 3/19/24 |
USD | 12,500,000 | 12,184,453 | |||||||||
International Finance Corp., 3.200%, 7/22/26 |
AUD | 5,000,000 | 3,072,506 | |||||||||
International Finance Corp., 4.000%, 4/03/25 |
AUD | 4,900,000 | 3,116,956 | |||||||||
Nordic Investment Bank, 1.500%, 3/13/25 |
NOK | 10,000,000 | 876,866 | |||||||||
|
|
|||||||||||
104,300,306 | ||||||||||||
|
|
FACE AMOUNT |
VALUE | |||||||||||
Sweden 8.8% |
| |||||||||||
Kommuninvest I Sverige AB, 3.250%, 1/16/24 |
USD | 3,343,000 | $ | 3,294,495 | ||||||||
Kommuninvest I Sverige AB, 0.375%, 2/16/24 |
USD | 1,500,000 | 1,421,209 | |||||||||
Kommuninvest I Sverige AB, 1.000%, 10/02/24 |
SEK | 40,670,000 | 3,500,318 | |||||||||
Kommuninvest I Sverige AB, 1.000%, 5/12/25 |
SEK | 19,000,000 | 1,608,979 | |||||||||
Kommuninvest I Sverige AB, 1.375%, 5/08/24 ± |
USD | 750,000 | 714,961 | |||||||||
Kommuninvest I Sverige AB, 1.375%, 5/08/24 |
USD | 4,200,000 | 4,003,782 | |||||||||
Kommuninvest I Sverige AB, 2.875%, 7/03/24 ± |
USD | 2,971,000 | 2,895,817 | |||||||||
Skandinaviska Enskilda Banken AB, 0.850%, 9/02/25 ± |
USD | 7,500,000 | 6,620,625 | |||||||||
Skandinaviska Enskilda Banken AB, 1.200%, 9/09/26 ±@ |
USD | 11,150,000 | 9,620,886 | |||||||||
Skandinaviska Enskilda Banken AB, 1.400%, 11/19/25 ±@ |
USD | 5,000,000 | 4,464,136 | |||||||||
Svensk Exportkredit AB, 0.625%, 10/07/24 |
USD | 1,718,000 | 1,594,340 | |||||||||
Svensk Exportkredit AB, 3.625%, 9/03/24 |
USD | 4,375,000 | 4,311,103 | |||||||||
Svensk Exportkredit AB, 0.375%, 3/11/24 |
USD | 3,000,000 | 2,834,416 | |||||||||
Svensk Exportkredit AB, 0.375%, 7/30/24 |
USD | 6,363,000 | 5,924,280 | |||||||||
Svensk Exportkredit AB, 0.500%, 11/10/23 |
USD | 2,000,000 | 1,916,897 | |||||||||
Svensk Exportkredit AB, 1.375%, 12/15/23 |
GBP | 1,700,000 | 1,824,353 | |||||||||
Svenska Handelsbanken AB, 0.125%, 6/18/24 |
EUR | 1,700,000 | 1,588,492 | |||||||||
Svenska Handelsbanken AB, 0.550%, 6/11/24 ± |
USD | 250,000 | 232,915 | |||||||||
Svenska Handelsbanken AB, 1.000%, 4/15/25 |
EUR | 300,000 | 280,117 | |||||||||
Sweden Government Bond, 2.500%, 5/12/25 |
SEK | 53,000,000 | 4,779,180 | |||||||||
|
|
|||||||||||
63,431,301 | ||||||||||||
|
|
|||||||||||
Switzerland 0.1% |
| |||||||||||
Novartis Finance SA, 0.125%, 9/20/23 |
EUR | 1,000,000 | 960,494 | |||||||||
|
|
|||||||||||
United Kingdom 1.2% |
| |||||||||||
Network Rail Infrastructure Finance PLC, 4.750%, 1/22/24 |
GBP | 955,000 | 1,064,390 | |||||||||
United Kingdom Gilt, 0.125%, 1/31/24 |
GBP | 3,800,000 | 4,019,957 | |||||||||
United Kingdom Gilt, 0.250%, 1/31/25 |
GBP | 3,500,000 | 3,535,890 | |||||||||
|
|
|||||||||||
8,620,237 | ||||||||||||
|
|
|||||||||||
United States 26.3% |
| |||||||||||
Abbott Ireland Financing DAC, 0.100%, 11/19/24 |
EUR | 100,000 | 92,635 | |||||||||
Amazon.com, Inc., 0.450%, 5/12/24 |
USD | 2,000,000 | 1,876,741 |
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
FACE AMOUNT |
VALUE | |||||||||||
BONDS AND NOTES (Continued) |
| |||||||||||
United States (Continued) |
||||||||||||
Amazon.com, Inc., 1.000%, 5/12/26 |
USD | 8,088,000 | $ | 7,115,491 | ||||||||
Amazon.com, Inc., 2.730%, 4/13/24 |
USD | 7,000,000 | 6,837,637 | |||||||||
Apple, Inc., 0.700%, 2/08/26 |
USD | 2,410,000 | 2,122,756 | |||||||||
Apple, Inc., 1.125%, 5/11/25 |
USD | 1,348,000 | 1,236,669 | |||||||||
Apple, Inc., 2.513%, 8/19/24 |
CAD | 5,000,000 | 3,496,301 | |||||||||
Apple, Inc., 3.600%, 6/10/26 |
AUD | 500,000 | 308,311 | |||||||||
Berkshire Hathaway, Inc., 0.000%, 3/12/25 # |
EUR | 420,000 | 382,081 | |||||||||
Berkshire Hathaway, Inc., 3.125%, 3/15/26 |
USD | 5,888,000 | 5,594,850 | |||||||||
Chevron Corp., 1.554%, 5/11/25 |
USD | 200,000 | 185,039 | |||||||||
Chevron Corp., 2.954%, 5/16/26 |
USD | 5,740,000 | 5,408,955 | |||||||||
Chevron USA, Inc., 0.687%, 8/12/25 |
USD | 1,507,000 | 1,349,709 | |||||||||
Exxon Mobil Corp., 0.142%, 6/26/24 |
EUR | 617,000 | 577,104 | |||||||||
Merck & Co., Inc., 0.750%, 2/24/26 |
USD | 1,647,000 | 1,445,780 | |||||||||
National Securities Clearing Corp., 0.750%, 12/07/25 ± |
USD | 1,378,000 | 1,213,743 | |||||||||
National Securities Clearing Corp., 1.500%, 4/23/25 ± |
USD | 704,000 | 649,268 | |||||||||
Nestle Holdings, Inc., 0.625%, 1/15/26 ± |
USD | 4,652,000 | 4,081,637 | |||||||||
Novartis Capital Corp., 3.400%, 5/06/24 |
USD | 1,500,000 | 1,475,216 | |||||||||
Procter & Gamble Co. (The), 1.000%, 4/23/26 |
USD | 3,565,000 | 3,174,156 | |||||||||
Procter & Gamble Co. (The), 1.125%, 11/02/23 |
EUR | 100,000 | 96,604 | |||||||||
Roche Holdings, Inc., 0.991%, 3/05/26 ± |
USD | 1,300,000 | 1,146,793 | |||||||||
Roche Holdings, Inc., 2.625%, 5/15/26 ± |
USD | 300,000 | 279,467 | |||||||||
Roche Holdings, Inc., 3.350%, 9/30/24 ± |
USD | 5,000,000 | 4,887,481 | |||||||||
U.S. Treasury Note, 0.125%, 12/15/23 |
USD | 4,000,000 | 3,807,656 | |||||||||
U.S. Treasury Note, 0.750%, 12/31/23 |
USD | 26,000,000 | 24,899,062 | |||||||||
U.S. Treasury Note, 0.875%, 1/31/24 |
USD | 11,000,000 | 10,512,519 | |||||||||
U.S. Treasury Note, 2.500%, 1/31/24 |
USD | 7,000,000 | 6,837,031 | |||||||||
U.S. Treasury Notes, 0.125%, 7/15/23 |
USD | 14,000,000 | 13,562,473 | |||||||||
U.S. Treasury Notes, 0.125%, 7/31/23 |
USD | 25,450,000 | 24,610,947 | |||||||||
U.S. Treasury Notes, 0.125%, 8/15/23 |
USD | 41,250,000 | 39,806,328 | |||||||||
Visa, Inc., 3.150%, 12/14/25 |
USD | 5,128,000 | 4,901,215 | |||||||||
Walmart, Inc., 1.050%, 9/17/26 |
USD | 5,710,000 | 4,991,706 | |||||||||
|
|
|||||||||||
188,963,361 | ||||||||||||
|
|
|||||||||||
TOTAL BONDS AND NOTES (Identified Cost $758,164,528) |
|
703,709,034 | ||||||||||
|
|
SHARES | VALUE | |||||||||
SHORT-TERM INVESTMENTS 1.9% |
|
|||||||||
Investment Company 1.0% |
||||||||||
State Street Institutional U.S. Government Money Market Fund 2.690% |
7,447,786 | $ | 7,447,786 | |||||||
|
|
|||||||||
Collateral For Securities On Loan 0.9% |
|
|||||||||
State Street Navigator Securities Lending Government Money Market Portfolio 3.030% |
6,113,255 | 6,113,255 | ||||||||
|
|
|||||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $13,561,041) |
13,561,041 | |||||||||
|
|
|||||||||
Total Investments 99.7% |
|
717,270,075 | ||||||||
Cash and Other Assets, Less Liabilities 0.3% |
|
2,092,676 | ||||||||
|
|
|||||||||
Net Assets 100.0% |
$ | 719,362,751 | ||||||||
|
|
| See Note 1 |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2022 amounted to 107,702,574 or 14.97% of the net assets of the Fund. |
| Floating rate or variable rate note. Rate shown is as of September 30, 2022. |
# | Zero coupon bond |
@ | A portion or all of the security were held on loan. As of September 30, 2022, the fair value of the securities on loan was $5,887,825. |
Key to abbreviations:
AUD Australian Dollar
CAD Canadian Dollar
DKK Danish Krone
EUR Euro Currency
GBP British Pound
NOK Norwegian Krone
NZD New Zealand Dollar
SEK Swedish Krona
USD U.S. Dollar
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited) (Continued)
Forward Foreign Currency Exchange Contracts sold outstanding as of September 30, 2022 |
||||||||||||||||||||||||||||||
Settlement |
Currency Purchased |
Currency Sold |
Counterparty |
Total Value |
Unrealized Appreciation |
Unrealized Depreciation |
||||||||||||||||||||||||
10/06/22 |
USD | 1,851,683 | DKK | 13,480,118 | Bank of America N.A. | $ | 1,777,102 | $ | 74,581 | | ||||||||||||||||||||
10/06/22 |
USD | 1,056,472 | DKK | 7,672,919 | HSBC Bank USA | 1,011,531 | 44,941 | | ||||||||||||||||||||||
10/06/22 |
USD | 3,471,756 | DKK | 25,355,581 | State Street Bank and Trust Co. | 3,342,661 | 129,095 | | ||||||||||||||||||||||
10/11/22 |
USD | 1,545,308 | NOK | 15,494,772 | Bank of America N.A. | 1,422,990 | 122,318 | | ||||||||||||||||||||||
10/11/22 |
USD | 8,399,972 | NOK | 84,242,131 | Citibank N.A. London | 7,736,526 | 663,447 | | ||||||||||||||||||||||
10/11/22 |
USD | 5,215,875 | NZD | 8,250,521 | State Street Bank and Trust Co. | 4,617,602 | 598,273 | | ||||||||||||||||||||||
10/12/22 |
USD | 5,678,006 | AUD | 7,960,010 | Bank of America N.A. | 5,091,955 | 586,051 | | ||||||||||||||||||||||
10/13/22 |
USD | 1,381,471 | SEK | 14,625,360 | Bank of America N.A. | 1,318,393 | 63,078 | | ||||||||||||||||||||||
10/13/22 |
USD | 632,740 | SEK | 6,605,919 | HSBC Bank USA | 595,486 | 37,254 | | ||||||||||||||||||||||
10/14/22 |
USD | 1,805,233 | SEK | 18,815,799 | Morgan Stanley & Co., Inc. | 1,696,213 | 109,020 | | ||||||||||||||||||||||
10/17/22 |
USD | 6,283,679 | CAD | 8,109,484 | Bank of America N.A. | 5,870,508 | 413,171 | | ||||||||||||||||||||||
10/17/22 |
USD | 7,248,268 | CAD | 9,255,212 | Bank of New York Mellon | 6,699,908 | 548,360 | | ||||||||||||||||||||||
10/17/22 |
USD | 11,398,906 | CAD | 14,651,924 | Citibank N.A. London | 10,606,623 | 792,284 | | ||||||||||||||||||||||
10/17/22 |
USD | 10,359,115 | CAD | 13,443,025 | HSBC Bank USA | 9,731,493 | 627,622 | | ||||||||||||||||||||||
10/17/22 |
USD | 7,596,038 | CAD | 9,850,927 | State Street Bank and Trust Co. | 7,131,150 | 464,889 | | ||||||||||||||||||||||
10/20/22 |
USD | 4,290,500 | AUD | 6,218,668 | Bank of America N.A. | 3,978,411 | 312,089 | | ||||||||||||||||||||||
10/21/22 |
USD | 648,526 | EUR | 637,056 | ANZ Banking Group Ltd. | 625,075 | 23,452 | | ||||||||||||||||||||||
10/21/22 |
USD | 3,828,224 | EUR | 3,834,084 | Bank of America N.A. | 3,761,975 | 66,249 | | ||||||||||||||||||||||
10/21/22 |
USD | 16,203,875 | EUR | 16,105,632 | State Street Bank and Trust Co. | 15,802,725 | 401,149 | | ||||||||||||||||||||||
10/25/22 |
USD | 1,927,911 | GBP | 1,680,856 | Bank of America N.A. | 1,877,612 | 50,299 | | ||||||||||||||||||||||
10/25/22 |
USD | 32,555,933 | GBP | 28,038,872 | State Street Bank and Trust Co. | 31,321,017 | 1,234,916 | | ||||||||||||||||||||||
10/25/22 |
USD | 14,552,818 | GBP | 13,234,640 | State Street Bank and Trust Co. | 14,783,847 | | (231,029 | ) | |||||||||||||||||||||
10/28/22 |
USD | 24,679,410 | EUR | 25,582,124 | State Street Bank and Trust Co. | 25,113,116 | | (433,706 | ) | |||||||||||||||||||||
10/31/22 |
USD | 62,077,138 | AUD | 90,205,847 | UBS | 57,717,008 | 4,360,130 | | ||||||||||||||||||||||
11/03/22 |
USD | 29,934,459 | EUR | 29,817,963 | Morgan Stanley & Co., Inc. | 29,283,425 | 651,034 | | ||||||||||||||||||||||
11/16/22 |
USD | 1,410,809 | SEK | 15,024,376 | HSBC Bank USA | 1,356,631 | 54,178 | | ||||||||||||||||||||||
11/16/22 |
USD | 366,226 | SEK | 3,913,652 | State Street Bank and Trust Co. | 353,385 | 12,841 | | ||||||||||||||||||||||
11/22/22 |
USD | 2,426,556 | DKK | 18,279,835 | Bank of America N.A. | 2,417,911 | 8,645 | | ||||||||||||||||||||||
11/22/22 |
USD | 4,252,473 | DKK | 31,443,485 | State Street Bank and Trust Co. | 4,159,094 | 93,379 | | ||||||||||||||||||||||
11/22/22 |
USD | 2,423,397 | EUR | 2,446,710 | HSBC Bank USA | 2,406,031 | 17,367 | | ||||||||||||||||||||||
11/22/22 |
USD | 311,628 | EUR | 319,134 | HSBC Bank USA | 313,828 | | (2,200 | ) | |||||||||||||||||||||
11/22/22 |
USD | 16,703,794 | EUR | 16,598,881 | State Street Bank and Trust Co. | 16,322,905 | 380,888 | | ||||||||||||||||||||||
11/22/22 |
USD | 943,728 | EUR | 979,726 | State Street Bank and Trust Co. | 963,437 | | (19,709 | ) | |||||||||||||||||||||
11/23/22 |
USD | 382,520 | SEK | 4,059,450 | Bank of America N.A. | 366,699 | 15,821 | | ||||||||||||||||||||||
11/23/22 |
USD | 1,239,279 | SEK | 13,137,568 | Citibank N.A. London | 1,186,744 | 52,535 | | ||||||||||||||||||||||
11/23/22 |
USD | 1,674,194 | SEK | 17,797,092 | State Street Bank and Trust Co. | 1,607,649 | 66,545 | | ||||||||||||||||||||||
11/28/22 |
USD | 1,870,644 | SEK | 21,061,467 | Morgan Stanley & Co., Inc. | 1,903,080 | | (32,436 | ) | |||||||||||||||||||||
12/07/22 |
USD | 6,964,877 | DKK | 51,387,853 | Morgan Stanley & Co., Inc. | 6,805,086 | 159,791 | | ||||||||||||||||||||||
12/29/22 |
USD | 1,944,999 | EUR | 1,974,901 | State Street Bank and Trust Co. | 1,949,078 | | (4,079 | ) | |||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
$ | 13,235,690 | $ | (723,160 | ) | ||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
Forward Foreign Currency Exchange Contracts purchased outstanding as of September 30, 2022 |
||||||||||||||||||||||||||||||
Settlement |
Currency Purchased |
Currency Sold |
Counterparty |
Total Value |
Unrealized Appreciation |
Unrealized Depreciation |
||||||||||||||||||||||||
10/11/22 |
NZD | 90,988 | USD | 54,118 | Bank of America N.A. | $ | 50,924 | $ | | $ | (3,194 | ) | ||||||||||||||||||
10/17/22 |
CAD | 10,239,806 | USD | 7,660,414 | Bank of New York Mellon | 7,412,662 | | (247,752 | ) | |||||||||||||||||||||
10/17/22 |
CAD | 2,977,754 | USD | 2,170,646 | State Street Bank and Trust Co. | 2,155,616 | | (15,031 | ) | |||||||||||||||||||||
10/31/22 |
AUD | 1,169,866 | USD | 753,700 | State Street Bank and Trust Co. | 748,523 | | (5,177 | ) | |||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
$ | | $ | (271,154 | ) | ||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
Total |
|
$ | 13,235,690 | $ | (994,313 | ) | ||||||||||||||||||||||||
|
|
|
|
The accompanying notes are an integral part of these portfolio of investments.
Country weightings as of September 30, 2022
(As a percentage of long-term investments) (Unaudited)
Country |
Percentage | |||
United States |
27.0 | % | ||
Supranational |
14.8 | % | ||
Canada |
11.7 | % | ||
Australia |
9.0 | % | ||
Sweden |
9.0 | % | ||
France |
6.7 | % | ||
Germany |
6.2 | % | ||
Netherlands |
4.4 | % | ||
Denmark |
3.3 | % | ||
Other |
7.9 | % | ||
|
|
|||
100.0 | % |
SA Worldwide Moderate Growth Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2022 (Unaudited)
SHARES | VALUE | |||||||
MUTUAL FUNDS 100.0% | ||||||||
Others 100.0% | ||||||||
SA Emerging Markets Value Fund |
169,772 | $ | 1,407,408 | |||||
SA Global Fixed Income Fund |
560,150 | 4,766,876 | ||||||
SA International Value Fund |
431,735 | 4,205,104 | ||||||
SA Real Estate Securities Fund |
56,679 | 604,202 | ||||||
SA U.S. Core Market Fund |
149,439 | 3,475,949 | ||||||
SA U.S. Fixed Income Fund |
217,718 | 2,044,373 | ||||||
SA U.S. Small Company Fund |
63,939 | 1,404,731 | ||||||
SA U.S. Value Fund |
205,305 | 3,518,920 | ||||||
|
|
|||||||
21,427,563 | ||||||||
|
|
|||||||
TOTAL MUTUAL FUNDS |
|
21,427,563 | ||||||
|
|
|||||||
Total Investments 100.0% |
|
21,427,563 | ||||||
Liabilities, Less Cash and Other Assets 0.0% |
(3,336 | ) | ||||||
|
|
|||||||
Net Assets 100.0% |
$ | 21,424,227 | ||||||
|
|
| See Note 1 |
| SA Worldwide Moderate Growth Fund invests substantially all of its assets in the Select Class shares of the affiliated Underlying SA Funds. |
The accompanying notes are an integral part of these portfolio of investments.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited)
Security Valuation Domestic equity securities listed on an exchange or stock market for which market quotations are readily available are valued according to the official closing price, if any, or at their last reported sale price on the exchange or stock market where the security is primarily traded, or in the absence of such reported prices, at the mean between the most recent quoted bid and asked prices. Domestic equity securities traded on the over-the-counter markets are valued at the mean between the most recent quoted bid and asked prices in the absence of an official closing price or last reported sale price.
Foreign equity securities traded on a foreign exchange or over-the-counter markets are generally valued at the most recent quoted bid price in the absence of an official closing price or last reported sale price. Foreign securities quoted in foreign currencies are translated into U.S. dollars using prevailing exchange rates.
Fixed income investments are generally valued based on prices received from independent pricing services. In determining the value of a fixed income investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures.
Shares of registered open-end investment companies are valued at the investment companys net asset value. Forward currency contracts are valued based on prices received from independent pricing services. Securities for which market quotations are not readily available, or for which available quotations appear not to accurately reflect the current value of an investment, are valued at fair value as determined in good faith by a pricing committee (the Pricing Committee) (or its designee) appointed by the Board of Trustees of the Trust (the Board or the Trustees) pursuant to procedures approved by the Board.
Certain Funds hold securities traded in foreign markets. Foreign securities are valued at the latest market price in the foreign market. However, if events occurring after the close of the foreign market (but before the close of regular trading on the New York Stock Exchange) are believed to materially affect the value of those securities, such securities may be valued at fair value as determined in good faith by the Pricing Committee (or its designee). Any determinations of fair value made by the Pricing Committee (or its designee) are presented to the Board for ratification.
Valuation of securities by the DFA Portfolio and the Series in which it invests is discussed in the Selected Financial Statements of DFA Investment Dimensions Group Inc. Notes to Financial Statements, and Selected Financial Statements of the DFA Investment Trust Company Notes to Financial Statements, which are included elsewhere in this report.
Fair Value Measurement The Board has adopted procedures to fair value securities and other assets of each Fund when market prices are not readily available or do not accurately reflect their current market value. The Board has designated the responsibility for applying these fair valuation methods to the Pricing Committee (or its designee). For example, a Fund may fair value an asset when it is delisted or trading is halted or suspended; when it has not been traded for an extended period of time; when its primary pricing source is unavailable or other data calls the primary sources reliability into question; or when its primary trading market is closed during regular U.S. market hours. Each Fund makes fair valuation determinations in accordance with the Trusts Procedures for Valuing Securities and Assets, as amended. The Pricing Committee (or its designee) may consider various factors, including unobservable market inputs when arriving at fair value. The Pricing Committee (or its designee) may use, but is not limited to, techniques such as review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book value, and other relevant information when determining fair value. The Pricing Committee regularly reviews these inputs and assumptions when reviewing fair valuations of investments held by the Funds. Fair value pricing involves subjective judgement and it is possible that the fair value determined for an asset is materially different than the value that could be realized upon the sale of that asset. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
The Funds value their investments based on a three-level hierarchy of inputs that establishes classification of fair value measurements for disclosure purposes. If inputs used to measure a financial instrument fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. The three-level hierarchy of inputs is summarized in the three broad levels below.
Level 1 unadjusted quoted prices in active markets for identical investments.
Level 2 significant observable inputs other than quoted prices within Level 1 (including quoted prices for similar investments, interest rates, yield curves, foreign exchange rates, put or call provisions, credit risk and default rates for similar securities).
Level 3 significant unobservable inputs to the extent that observable inputs are not available (including the Pricing Committees own assumptions used to determine the fair value of investments).
The tables below provide a summary of the inputs as of September 30, 2022, in valuing each Funds investments:
Investments in Securities | ||||||||||||||||
Description |
Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total Fair Value as of September 30, 2022 |
||||||||||||
SA U.S. Fixed Income Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Yankee Corporate Bonds And Notes |
$ | | $ | 63,820,598 | $ | | $ | 63,820,598 | ||||||||
Corporate Bonds and Notes |
| 104,383,347 | | 104,383,347 | ||||||||||||
U.S. Government and Agency Obligations |
| 273,462,130 | | 273,462,130 | ||||||||||||
Short-Term Investments |
1,426,782 | | | 1,426,782 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 1,426,782 | $ | 441,666,075 | $ | | $ | 443,092,857 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA Global Fixed Income Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Bonds and Notes |
$ | | $ | 703,709,034 | $ | | $ | 703,709,034 | ||||||||
Short-Term Investments |
13,561,041 | | | 13,561,041 | ||||||||||||
Other Financial Instruments |
||||||||||||||||
Forward Foreign Currency Exchange Contracts |
| 13,235,690 | | 13,235,690 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 13,561,041 | $ | 716,944,724 | $ | | $ | 730,505,765 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Liabilities |
||||||||||||||||
Other Financial Instruments |
||||||||||||||||
Forward Foreign Currency Exchange Contracts |
$ | | $ | (994,313 | ) | $ | | $ | (994,313 | ) | ||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
Investments in Securities | ||||||||||||||||
Description |
Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total Fair Value as of September 30, 2022 |
||||||||||||
SA U.S. Core Market Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
$ | 526,751,863 | $ | 267,592 | $ | | $ | 527,019,455 | ||||||||
Mutual Funds |
22,812,511 | | | 22,812,511 | ||||||||||||
Short-Term Investments |
2,297,725 | | | 2,297,725 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 551,862,099 | $ | 267,592 | $ | | $ | 552,129,691 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA U.S. Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
$ | 478,581,750 | $ | | $ | | $ | 478,581,750 | ||||||||
Short-Term Investments |
1,481,790 | | | 1,481,790 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 480,063,540 | $ | | $ | | $ | 480,063,540 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA U.S. Small Company Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
$ | 278,466,831 | $ | | $ | 52,579 | | $ | 278,519,410 | |||||||
Preferred Stocks |
148,837 | | | 148,837 | ||||||||||||
Short-Term Investments |
2,734,656 | | | 2,734,656 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 281,350,324 | $ | | $ | 52,579 | $ | 281,402,903 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA International Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
$ | 459,480,483 | $ | 356,263 | $ | | $ | 459,836,746 | ||||||||
Preferred Stocks |
5,633,175 | | | 5,633,175 | ||||||||||||
Short-Term Investments |
23,442,439 | | | 23,442,439 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 488,556,097 | $ | 356,263 | $ | | $ | 488,912,360 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA International Small Company Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Mutual Funds |
$ | 211,993,781 | $ | | $ | | $ | 211,993,781 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 211,993,781 | | $ | | $ | 211,993,781 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
SA Emerging Markets Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks |
$ | 164,055,620 | $ | 665,671 | $ | 94,993 | | $ | 164,816,284 | |||||||
Preferred Stocks |
2,512,169 | | | 2,512,169 | ||||||||||||
Rights and Warrants |
1,266 | | | 1,266 | ||||||||||||
Short-Term Investments |
2,621,625 | | | 2,621,625 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 169,190,680 | $ | 665,671 | $ | 94,993 | $ | 169,951,344 | ||||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
Investments in Securities | ||||||||||||||||
Description |
Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total Fair Value as of September 30, 2022 |
||||||||||||
SA Real Estate Securities Fund |
||||||||||||||||
Assets |
||||||||||||||||
Common Stocks |
$ | 123,123,874 | $ | | $ | 0 | | $ | 123,123,874 | |||||||
Short-Term Investments |
581,340 | | | 581,340 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 123,705,214 | $ | | $ | 0 | $ | 123,705,214 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
SA Worldwide Moderate Growth Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Mutual Funds |
$ | 21,427,563 | $ | | $ | | $ | 21,427,563 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments |
$ | 21,427,563 | $ | | $ | | $ | 21,427,563 | ||||||||
|
|
|
|
|
|
|
|
| Contains securities with a market value of zero. |
A reconciliation in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 assets and/or liabilities at the beginning and/or end of the period. No significant Level 3 assets and/or liabilities held at the beginning or end of the period.
Securities Lending The Funds may lend any of their securities held by State Street Bank and Trust Company (State Street) as custodian to certain qualified broker-dealers, banks and other institutions, except those securities which the Adviser or Dimensional Fund Advisor LP (the Sub-Adviser) specifically identifies as not being available. Any gain or loss in the fair price of the securities loaned that might occur and any interest or dividends declared during the term of the loan would accrue to the account of the Funds. Risks of delay in recovery of the securities or even loss of rights in the collateral may occur should the borrower of the securities fail financially. Risks may also arise to the extent that the value of the collateral decreases below the value of the securities loaned.
Upon entering into a securities lending transaction, a Fund maintains cash or other securities as collateral in an amount equal to or exceeding 100% of the current fair value of the loaned securities with respect to securities of the U.S. government or its agencies or instrumentalities, a loan of sovereign debt issued by non-U.S. governments, or a loan of non-U.S. corporate debt, 102% of the current fair value of the loaned securities with respect to other U.S. securities and 105% of the current fair value of the loaned securities with respect to foreign equity securities. The fair value of the loaned security is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral is returned by the Fund, on the next business day. Any cash received as collateral is generally invested by State Street, acting in its capacity as securities lending agent (the Agent), in the State Street Navigator Securities Lending Government Money Market Portfolio, which is a money market fund registered under the 1940 Act. A portion of the income received on the collateral is rebated to the borrower of the securities, and the remainder is split between the Agent and each respective Fund.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
As of September 30, 2022, the following Funds had securities on loan, which were collateralized by short-term investments. The value of securities on loan and the value of the related collateral were as follows:
Value of Securities |
Value of Cash Collateral |
Value of Non-Cash Collateral* |
Total Collateral |
|||||||||||||
SA Global Fixed Income Fund |
$ | 5,887,825 | $ | 6,113,255 | $ | | $ | 6,113,255 | ||||||||
SA U.S Core Market Fund |
976,115 | 231,230 | 770,241 | 1,001,471 | ||||||||||||
SA U.S. Value Fund |
735,472 | 126,068 | 627,649 | 753,717 | ||||||||||||
SA U.S. Small Company Fund |
6,026,535 | 1,765,740 | 4,445,389 | 6,211,129 | ||||||||||||
SA International Value Fund |
41,018,814 | 23,096,995 | 19,634,626 | 42,731,621 | ||||||||||||
SA Emerging Markets Value Fund |
3,594,723 | 2,299,218 | 1,573,458 | 3,872,676 | ||||||||||||
SA Real Estate Securities Fund |
1,759,680 | 33,486 | 1,764,409 | 1,797,895 |
* | The Funds cannot repledge or resell this collateral. The non-cash collateral is comprised of U.S. government securities. |
The following table provides increased transparency about the types of collateral pledged for securities lending transactions that are accounted for as secured borrowing. Non-cash collateral is not reflected in the table because the Funds cannot repledge or resell this collateral.
Remaining Contractual Maturity of the Agreements As of September 30, 2022 |
||||||||||||||||||||
Securities Lending Transaction (1) |
Overnight and Continuous |
<30 days | Between 30 & 90 days |
>90 days | Total | |||||||||||||||
SA Global Fixed Income Fund |
| |||||||||||||||||||
Government Money Market |
$ | 6,113,255 | $ | | $ | | $ | | $ | 6,113,255 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 6,113,255 | $ | | $ | | $ | | $ | 6,113,255 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 6,113,255 | |||||||||||||||||
|
|
|||||||||||||||||||
SA U.S. Core Market Fund |
| |||||||||||||||||||
Government Money Market |
$ | 231,230 | $ | | $ | | $ | | $ | 231,230 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 231,230 | $ | | $ | | $ | | $ | 231,230 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 231,230 | |||||||||||||||||
|
|
|||||||||||||||||||
SA U.S. Value Fund |
| |||||||||||||||||||
Government Money Market |
$ | 126,068 | $ | | $ | | $ | | $ | 126,068 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 126,068 | $ | | $ | | $ | | $ | 126,068 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 126,068 | |||||||||||||||||
|
|
|||||||||||||||||||
SA U.S. Small Company Fund |
| |||||||||||||||||||
Government Money Market |
$ | 1,765,740 | $ | | $ | | $ | | $ | 1,765,740 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 1,765,740 | $ | | $ | | $ | | $ | 1,765,740 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 1,765,740 | |||||||||||||||||
|
|
|||||||||||||||||||
SA International Value Fund |
| |||||||||||||||||||
Government Money Market |
$ | 23,096,995 | $ | | $ | | $ | | $ | 23,096,995 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 23,096,995 | $ | | $ | | $ | | $ | 23,096,995 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 23,096,995 | |||||||||||||||||
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
Remaining Contractual Maturity of the Agreements As of September 30, 2022 |
||||||||||||||||||||
Securities Lending Transaction (1) |
Overnight and Continuous |
<30 days | Between 30 & 90 days |
>90 days | Total | |||||||||||||||
SA Emerging Markets Value Fund |
| |||||||||||||||||||
Government Money Market |
$ | 2,299,218 | $ | | $ | | $ | | $ | 2,299,218 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 2,299,218 | $ | | $ | | $ | | $ | 2,299,218 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 2,299,218 | |||||||||||||||||
|
|
|||||||||||||||||||
SA Real Estate Securities Fund |
| |||||||||||||||||||
Government Money Market |
$ | 33,486 | $ | | $ | | $ | | $ | 33,486 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Total Borrowings |
$ | 33,486 | $ | | $ | | $ | | $ | 33,486 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Gross amount of recognized liabilities for securities lending transactions |
|
$ | 33,486 | |||||||||||||||||
|
|
(1) | Amounts represent the payable for cash collateral received on securities on loan. This will generally be in the Overnight and Continuous column as the securities are typically callable on demand. The payable will be allocated into categories of securities based on the market value of the securities. |
Foreign Currency Translation and Foreign Investments The books and records of the Funds are maintained in U.S. dollars. The value of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign currency exchange rates prevailing at the end of the period. Purchases and sales of investment securities are translated at contractual currency exchange rates established at the time of the trade. Income and expenses are translated at prevailing exchange rates on the respective dates of such transactions.
The results of operations resulting from changes in foreign exchange rates on investments are not reported separately from fluctuations arising from changes in market prices of securities held. All such fluctuations are included with net realized and unrealized gain or loss on investments. Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Funds books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period-end, resulting from changes in exchange rates.
Investing in foreign securities may involve certain sovereign and other risks, in addition to the credit and market risks normally associated with domestic securities. Investments in foreign securities are subject to fluctuations in currency exchange rates, which may negatively affect the value of a Funds portfolio. Additional risks may include exposure to less developed or less efficient trading markets; social, political or economic instability; nationalization of assets, currency controls or redenomination; changes in tax policy; high transaction costs; settlement, custodial or other operation risks; and less stringent accounting, auditing, financial reporting, and legal standards and practices. As a result, foreign securities can fluctuate more widely in price, and may also be less liquid, than comparable U.S. securities.
Forward Foreign Currency Exchange Contracts Each Fund that may invest in foreign securities may enter into forward foreign currency exchange contracts. A forward foreign currency exchange contract is an agreement between two parties to buy or sell currency at a set price on a future date. By entering into a forward contract for the purchase or sale for a fixed amount of dollars of the amount of foreign currency involved in an underlying security transaction, a Fund may be able to protect itself against a possible loss resulting from an adverse change in the relationship between the U.S. dollar and the applicable foreign currency during the period between the date the security is purchased or sold and the date on which payment is made or received.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2022 (Unaudited) (Continued)
The market value of a contract will fluctuate with changes in currency exchange rates. The contract is marked-to-market daily using the 4:00 PM Eastern Time pricing for the forward currency exchange rate, and the change in market value is recorded as unrealized appreciation (depreciation) on foreign currency and forward currency transactions in a funds statement of assets and liabilities. When the contract is closed, a realized gain or loss is recognized, which is equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, and recorded as realized gain (loss) on foreign currency and forward currency transactions in a funds statement of operations.
Forward foreign currency exchange contracts may involve risks from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar
Federal Income Tax At September 30, 2022, the aggregate cost of investment securities, aggregate gross unrealized appreciation (depreciation) and net unrealized appreciation (depreciation) for all securities as computed on a federal income tax basis for each fund were as follows:
Cost | Unrealized Appreciation |
Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
|||||||||||||
SA U.S. Fixed Income Fund |
$ | 456,837,253 | $ | | $ | (13,744,396 | ) | $ | 443,092,857 | |||||||
SA Global Fixed Income Fund |
771,725,569 | 13,370,166 | (55,584,283 | ) | 729,511,452 | |||||||||||
SA U.S. Core Market Fund |
150,217,004 | 404,408,473 | (2,495,786 | ) | 552,129,691 | |||||||||||
SA U.S. Value Fund |
333,705,030 | 172,403,754 | (26,045,244 | ) | 480,063,540 | |||||||||||
SA U.S. Small Company Fund |
181,725,585 | 117,251,611 | (17,574,293 | ) | 281,402,903 | |||||||||||
SA International Value Fund |
529,423,127 | 52,200,777 | (92,711,544 | ) | 488,912,360 | |||||||||||
SA International Small Company Fund |
153,807,450 | 58,186,331 | | 211,993,781 | ||||||||||||
SA Emerging Markets Value Fund |
191,190,156 | 27,618,335 | (48,857,147 | ) | 169,951,344 | |||||||||||
SA Real Estate Securities Fund |
73,626,399 | 54,355,714 | (4,276,899 | ) | 123,705,214 | |||||||||||
SA Worldwide Moderate Growth |
21,790,731 | 381,248 | (744,416 | ) | 21,427,563 |
INTERNATIONAL SMALL COMPANY PORTFOLIO
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Value | ||||
AFFILIATED INVESTMENT COMPANIES (99.4%) |
| |||
Investment in The Continental Small Company Series of |
$ | 3,457,813,060 | ||
Investment in The Japanese Small Company Series of |
2,262,176,563 | |||
Investment in The Canadian Small Company Series of |
1,094,039,098 | |||
Investment in The United Kingdom Small Company Series of |
1,077,478,774 | |||
Investment in The Asia Pacific Small Company Series of |
964,727,304 | |||
|
|
|||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES |
$ | 8,856,234,799 | ||
|
|
Shares | ||||||||
TEMPORARY CASH INVESTMENTS (0.6%) |
| |||||||
State Street Institutional U.S. Government Money Market Fund, 2.940% |
48,995,780 | 48,995,780 | ||||||
|
|
|||||||
TOTAL INVESTMENTS (100.0%) |
$ | 8,905,230,579 | ||||||
|
|
| See Security Valuation Note within the Notes to Schedules of Investments. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of September 30, 2022, International Small Company Portfolio had entered into the following outstanding futures contracts:
Description |
Number of Contracts |
Expiration Date |
Notional Value |
Market Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||
Long Position Contracts: |
||||||||||||||||||||
S&P 500® Emini Index |
281 | 12/16/22 | $ | 56,375,226 | $ | 50,601,075 | $ | (5,774,151 | ) | |||||||||||
|
|
|
|
|
|
|||||||||||||||
Total Futures Contracts |
$ | 56,375,226 | $ | 50,601,075 | $ | (5,774,151 | ) | |||||||||||||
|
|
|
|
|
|
Summary of the Portfolios investments as of March 31, 2019, based on their valuation inputs, is as follows (See Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Affiliated Investment Companies |
$ | 8,856,234,799 | | | $ | 8,856,234,799 | ||||||||||
Temporary Cash Investments |
48,995,780 | | | 48,995,780 | ||||||||||||
Futures Contracts** |
(5,774,151 | ) | | | (5,774,151 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 8,899,456,428 | | | $ | 8,899,456,428 | ||||||||||
|
|
|
|
|
|
|
|
** | Valued at the unrealized appreciation/(depreciation) on the investment. |
ORGANIZATION
DFA Investment Dimensions Group Inc. (the Fund) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At September 30, 2021, the Fund consisted of one hundred and two operational portfolios, of which one, International Small Company Portfolio (the Portfolio) is included in this document. The Funds investment advisor is Dimensional Fund Advisors LP (the Advisor). The Portfolio is a Fund-of-Funds, which generally allocates its assets among the five series (the Underlying Funds) of The DFA Investment Trust Company, which is also advised by the Advisor. The Schedules of Investments for the Underlying Funds have been included in this document.
SECURITY VALUATION
The International Small Company Portfolio invests in the five Underlying Funds indicated on its Schedule of Investments.
The Portfolio uses a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:
| Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts) |
| 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 Portfolios own assumptions in determining the fair value of investments) |
Shares held by the International Small Company Portfolio in other investment companies (such as the Underlying Funds) are valued at their respective daily net asset values as reported by their administrator. The Portfolios investments in the Underlying Funds reflect its proportionate interest in the net assets of such corresponding Underlying Fund. These valuations are classified as Level 1 in the hierarchy.
Futures contracts held by the Portfolio are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
A summary of the inputs used to value the Portfolios investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments for the Portfolio. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
DERIVATIVE FINANCIAL INSTRUMENTS
Summarized below are the specific types of derivative instruments used by the Portfolio.
1. FUTURES CONTRACTS: The Portfolio may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio. Upon entering into a futures contract, the Portfolio deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum initial margin requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as variation margin and are recorded daily by the Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolio records a realized gain or loss, which is presented in the Statement of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. The Portfolio entering into stock index futures is subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchanges clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At September 30, 2022, the total cost of securities for federal income tax purposes was $9,813,843.
RECENTLY ISSUED ACCOUNTING STANDARDS
In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Portfolios financial statements.
In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the Derivatives Rule) imposes limits on the amount of derivatives contracts the Portfolios could enter, eliminate the asset segregation framework currently used by the Portfolios to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Portfolios are required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolios.
On December 3, 2020, the SEC adopted new Rule 2a-5 (the Valuation Rule) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good faith fair value determination and permits a Board to designate fair value determinations to a funds investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Portfolios.
SUBSEQUENT EVENT EVALUATIONS
Management has evaluated the impact of all subsequent events on the Portfolios through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.
THE JAPANESE SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Shares |
Value» | |||||||
COMMON STOCKS (97.0%) |
| |||||||
COMMUNICATION SERVICES (2.3%) |
| |||||||
# | Accrete, Inc. |
20,600 | $ | 345,074 | ||||
# | Aeria, Inc. |
15,800 | 50,477 | |||||
Aiming, Inc. |
51,100 | 101,416 | ||||||
Akatsuki, Inc. |
45,400 | 653,944 | ||||||
* | Allied Architects, Inc. |
30,400 | 206,069 | |||||
* | AlphaPolis Co. Ltd. |
13,000 | 192,781 | |||||
Amuse, Inc. |
34,600 | 405,701 | ||||||
ARTERIA Networks Corp. |
86,500 | 711,856 | ||||||
Asahi Broadcasting Group Holdings Corp. |
57,600 | 249,975 | ||||||
# | Asahi Net, Inc. |
109,100 | 441,606 | |||||
* | Atrae, Inc. |
96,000 | 1,074,615 | |||||
Avex, Inc. |
234,900 | 2,500,677 | ||||||
# * | Bengo4.com, Inc. |
46,600 | 1,151,347 | |||||
Broadmedia Corp. |
5,520 | 38,159 | ||||||
Broccoli Co. Ltd. |
4,400 | 34,142 | ||||||
# | Carta Holdings, Inc. |
38,100 | 439,426 | |||||
# | Ceres, Inc. |
50,700 | 317,776 | |||||
# | CL Holdings, Inc. |
9,700 | 57,640 | |||||
* | COLOPL, Inc. |
179,900 | 845,390 | |||||
# * | COOKPAD, Inc. |
190,600 | 262,908 | |||||
# | Cross Marketing Group, Inc. |
22,900 | 134,694 | |||||
DeNA Co. Ltd. |
411,700 | 5,216,511 | ||||||
Digital Holdings, Inc. |
60,500 | 488,225 | ||||||
Direct Marketing MiX, Inc. |
38,200 | 429,773 | ||||||
Drecom Co. Ltd. |
24,400 | 144,599 | ||||||
Enjin Co. Ltd. |
6,600 | 125,298 | ||||||
# | Faith, Inc. |
56,010 | 206,037 | |||||
# | Fibergate, Inc. |
22,300 | 135,924 | |||||
# * | FreakOut Holdings, Inc. |
23,400 | 210,194 | |||||
Freebit Co. Ltd. |
63,100 | 400,213 | ||||||
Fuji Media Holdings, Inc. |
132,700 | 974,605 | ||||||
# | Gakken Holdings Co. Ltd. |
132,500 | 883,681 | |||||
GungHo Online Entertainment, Inc. |
291,600 | 4,479,438 | ||||||
Imagica Group, Inc. |
112,500 | 733,367 | ||||||
Imagineer Co. Ltd. |
1,600 | 9,635 | ||||||
# | i-mobile Co. Ltd. |
6,600 | 53,293 | |||||
# | Infocom Corp. |
146,900 | 1,935,626 | |||||
Intage Holdings, Inc. |
215,000 | 2,256,640 | ||||||
IPS, Inc. |
17,200 | 353,661 | ||||||
ITmedia, Inc. |
56,800 | 633,105 | ||||||
* | Japan Communications, Inc. |
903,800 | 1,370,098 | |||||
# | J-Stream, Inc. |
32,200 | 130,403 | |||||
Kamakura Shinsho Ltd. |
25,700 | 149,819 | ||||||
* | KLab, Inc. |
49,700 | 171,996 | |||||
* | LIFULL Co. Ltd. |
444,000 | 493,937 | |||||
* | Macbee Planet, Inc. |
3,400 | 213,362 | |||||
Macromill, Inc. |
243,197 | 1,829,755 | ||||||
MarkLines Co. Ltd. |
72,900 | 1,179,796 | ||||||
Marvelous, Inc. |
195,700 | 901,460 | ||||||
# | Members Co. Ltd. |
50,400 | 896,084 | |||||
Mixi, Inc. |
256,400 | 4,070,057 | ||||||
# * | Mobile Factory, Inc. |
10,500 | 65,911 | |||||
MTI Ltd. |
87,300 | 301,408 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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Value» | |||||||
COMMUNICATION SERVICES (Continued) |
| |||||||
# * | NexTone, Inc. |
31,200 | $ | 780,135 | ||||
Okinawa Cellular Telephone Co. |
161,600 | 2,846,248 | ||||||
# | Orchestra Holdings, Inc. |
4,800 | 80,588 | |||||
Oricon, Inc. |
27,800 | 178,799 | ||||||
# * | PR Times, Inc. |
11,900 | 176,968 | |||||
Proto Corp. |
157,900 | 1,123,820 | ||||||
* | Shobunsha Holdings, Inc. |
63,000 | 129,014 | |||||
SKY Perfect JSAT Holdings, Inc. |
917,800 | 3,286,208 | ||||||
# | Toei Co. Ltd. |
700 | 83,820 | |||||
Tohokushinsha Film Corp. |
94,800 | 421,315 | ||||||
Tokyu Recreation Co. Ltd. |
19,200 | 784,806 | ||||||
# | Tow Co. Ltd. |
226,900 | 478,215 | |||||
Trenders, Inc. |
13,300 | 153,171 | ||||||
TV Asahi Holdings Corp. |
98,500 | 955,028 | ||||||
Tv Tokyo Holdings Corp. |
67,800 | 889,136 | ||||||
# | Usen-Next Holdings Co. Ltd. |
79,900 | 1,089,064 | |||||
* | UUUM Co. Ltd. |
11,600 | 71,656 | |||||
ValueCommerce Co. Ltd. |
105,000 | 1,606,287 | ||||||
# | V-Cube, Inc. |
80,700 | 513,109 | |||||
Vector, Inc. |
201,500 | 1,528,928 | ||||||
Wowow, Inc. |
37,900 | 348,256 | ||||||
Zenrin Co. Ltd. |
215,250 | 1,329,044 | ||||||
ZIGExN Co. Ltd. |
113,900 | 269,527 | ||||||
|
|
|||||||
TOTAL COMMUNICATION SERVICES | 60,782,726 | |||||||
|
|
|||||||
CONSUMER DISCRETIONARY (14.6%) |
| |||||||
&Do Holdings Co. Ltd. |
59,500 | 354,217 | ||||||
Adastria Co. Ltd. |
148,840 | 2,210,655 | ||||||
# | Adventure, Inc. |
8,800 | 735,374 | |||||
Aeon Fantasy Co. Ltd. |
48,932 | 1,173,382 | ||||||
# | Ahresty Corp. |
141,200 | 352,118 | |||||
Ainavo Holdings Co. Ltd. |
5,600 | 34,834 | ||||||
# * | Airtrip Corp. |
85,100 | 1,675,529 | |||||
Aisan Industry Co. Ltd. |
213,700 | 1,009,376 | ||||||
* | Akebono Brake Industry Co. Ltd. |
610,100 | 671,182 | |||||
Alleanza Holdings Co. Ltd. |
80,800 | 549,018 | ||||||
Alpen Co. Ltd. |
98,500 | 1,404,704 | ||||||
# | Alpha Corp. |
31,700 | 197,861 | |||||
Amiyaki Tei Co. Ltd. |
28,200 | 567,911 | ||||||
# | AOKI Holdings, Inc. |
234,900 | 1,149,438 | |||||
Aoyama Trading Co. Ltd. |
245,000 | 1,545,850 | ||||||
# | Arata Corp. |
87,800 | 2,492,016 | |||||
# | Arcland Service Holdings Co. Ltd. |
94,800 | 1,400,080 | |||||
# | ARCLANDS Corp. |
31,200 | 313,113 | |||||
Asahi Co. Ltd. |
110,100 | 995,727 | ||||||
Ashimori Industry Co. Ltd. |
29,499 | 210,408 | ||||||
ASKUL Corp. |
241,600 | 2,486,929 | ||||||
Asti Corp. |
19,400 | 272,581 | ||||||
# * | Atsugi Co. Ltd. |
27,400 | 70,248 | |||||
Aucnet, Inc. |
65,100 | 1,005,360 | ||||||
# | Autobacs Seven Co. Ltd. |
436,500 | 4,218,051 | |||||
# | Avantia Co. Ltd. |
66,500 | 364,533 | |||||
# | Baroque Japan Ltd. |
90,200 | 491,050 | |||||
# | Beauty Garage, Inc. |
21,700 | 394,341 | |||||
* | Beenos, Inc. |
30,500 | 489,509 | |||||
Belluna Co. Ltd. |
323,600 | 1,561,937 | ||||||
Benesse Holdings, Inc. |
362,043 | 5,390,525 | ||||||
# | Bic Camera, Inc. |
526,700 | 4,493,917 | |||||
# | Bike O & Co. Ltd. |
33,600 | 244,867 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Bookoff Group Holdings Ltd. |
66,600 | $ | 514,337 | |||||
Central Automotive Products Ltd. |
80,500 | 1,222,093 | ||||||
# | Central Sports Co. Ltd. |
45,200 | 763,404 | |||||
Chiyoda Co. Ltd. |
110,800 | 601,177 | ||||||
Chofu Seisakusho Co. Ltd. |
122,400 | 1,727,021 | ||||||
Chuo Spring Co. Ltd. |
81,700 | 376,594 | ||||||
Cleanup Corp. |
139,400 | 542,858 | ||||||
# | Colowide Co. Ltd. |
234,900 | 3,017,322 | |||||
# | Corona Corp. |
97,200 | 557,562 | |||||
# | Create Restaurants Holdings, Inc. |
619,500 | 4,177,910 | |||||
# * | CROOZ, Inc. |
22,400 | 183,445 | |||||
* | CrowdWorks, Inc. |
4,200 | 49,750 | |||||
# | Curves Holdings Co. Ltd. |
186,100 | 1,055,217 | |||||
# | Daido Metal Co. Ltd. |
227,200 | 758,045 | |||||
# | Daikoku Denki Co. Ltd. |
50,900 | 458,921 | |||||
Daikyonishikawa Corp. |
258,900 | 952,852 | ||||||
Daimaruenawin Co. Ltd. |
3,400 | 28,762 | ||||||
Dainichi Co. Ltd. |
67,100 | 289,858 | ||||||
DCM Holdings Co. Ltd. |
729,200 | 5,942,600 | ||||||
Doshisha Co. Ltd. |
134,600 | 1,343,502 | ||||||
Doutor Nichires Holdings Co. Ltd. |
186,086 | 2,236,961 | ||||||
# | Eagle Industry Co. Ltd. |
168,200 | 1,258,369 | |||||
EAT & Holdings Co. Ltd. |
33,000 | 499,133 | ||||||
# | EDION Corp. |
526,900 | 4,285,515 | |||||
Enigmo, Inc. |
152,100 | 523,224 | ||||||
# | ES-Con Japan Ltd. |
44,600 | 252,397 | |||||
# | Eslead Corp. |
47,700 | 554,892 | |||||
Exedy Corp. |
184,900 | 2,107,532 | ||||||
FCC Co. Ltd. |
231,100 | 2,111,596 | ||||||
Felissimo Corp. |
20,600 | 144,653 | ||||||
First Juken Co. Ltd. |
46,400 | 352,159 | ||||||
First-Corp., Inc. |
45,300 | 228,140 | ||||||
FJ Next Holdings Co. Ltd. |
106,600 | 742,678 | ||||||
# | Food & Life Cos. Ltd. |
212,700 | 3,261,989 | |||||
Foster Electric Co. Ltd. |
143,200 | 736,804 | ||||||
# | F-Tech, Inc. |
60,800 | 207,192 | |||||
Fuji Corp. |
72,800 | 618,162 | ||||||
Fuji Corp. Ltd. |
171,000 | 733,639 | ||||||
Fuji Kyuko Co. Ltd. |
66,500 | 1,969,628 | ||||||
Fujibo Holdings, Inc. |
64,800 | 1,470,242 | ||||||
Fujikura Composites, Inc. |
119,200 | 728,930 | ||||||
Fujishoji Co. Ltd. |
52,700 | 308,865 | ||||||
# | Fujitsu General Ltd. |
33,200 | 690,857 | |||||
# | FuKoKu Co. Ltd. |
66,400 | 444,727 | |||||
Furukawa Battery Co. Ltd. |
88,000 | 683,223 | ||||||
# | Furyu Corp. |
115,400 | 804,526 | |||||
Futaba Industrial Co. Ltd. |
341,300 | 766,785 | ||||||
# | Gakkyusha Co. Ltd. |
49,300 | 550,545 | |||||
# | Genki Sushi Co. Ltd. |
32,500 | 683,074 | |||||
# | Geo Holdings Corp. |
186,600 | 2,285,313 | |||||
Gift Holdings, Inc. |
23,300 | 526,161 | ||||||
GLOBERIDE, Inc. |
106,198 | 1,581,203 | ||||||
Golf Digest Online, Inc. |
64,100 | 669,905 | ||||||
# | GSI Creos Corp. |
63,184 | 619,578 | |||||
G-Tekt Corp. |
143,700 | 1,256,370 | ||||||
Gunze Ltd. |
98,000 | 2,614,672 | ||||||
H2O Retailing Corp. |
542,045 | 4,136,484 | ||||||
Hagihara Industries, Inc. |
77,700 | 562,460 | ||||||
# | Hamee Corp. |
36,100 | 215,010 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Handsman Co. Ltd. |
43,500 | $ | 245,344 | |||||
Happinet Corp. |
99,600 | 1,269,931 | ||||||
# | Hard Off Corp. Co. Ltd. |
58,800 | 508,691 | |||||
Heian Ceremony Service Co. Ltd. |
8,300 | 44,262 | ||||||
# | Heiwa Corp. |
261,200 | 4,039,961 | |||||
HI-LEX Corp. |
121,700 | 869,497 | ||||||
# | Himaraya Co. Ltd. |
32,100 | 203,384 | |||||
# | H-One Co. Ltd. |
123,200 | 486,173 | |||||
Honeys Holdings Co. Ltd. |
118,640 | 998,766 | ||||||
Hoosiers Holdings Co. Ltd. |
213,000 | 1,137,779 | ||||||
Hotland Co. Ltd. |
44,200 | 413,841 | ||||||
IBJ, Inc. |
125,900 | 768,205 | ||||||
Ichibanya Co. Ltd. |
30,658 | 942,485 | ||||||
Ichikoh Industries Ltd. |
194,100 | 513,225 | ||||||
IDOM, Inc. |
367,100 | 2,215,425 | ||||||
IJTT Co. Ltd. |
133,980 | 465,028 | ||||||
# | Imasen Electric Industrial |
44,100 | 171,242 | |||||
# * | Istyle, Inc. |
147,000 | 497,957 | |||||
Izuhakone Railway Co. Ltd. |
300 | 0 | ||||||
Izumi Co. Ltd. |
117,700 | 2,537,062 | ||||||
J Front Retailing Co. Ltd. |
175,400 | 1,427,276 | ||||||
JANOME Corp. |
109,400 | 488,143 | ||||||
# | Japan Best Rescue System Co. Ltd. |
39,800 | 204,929 | |||||
Japan Wool Textile Co. Ltd. |
312,600 | 2,304,964 | ||||||
JINS Holdings, Inc. |
82,900 | 2,461,304 | ||||||
# * | Joban Kosan Co. Ltd. |
41,499 | 351,567 | |||||
Joshin Denki Co. Ltd. |
108,200 | 1,418,577 | ||||||
Joyful Honda Co. Ltd. |
143,000 | 1,767,812 | ||||||
JP-Holdings, Inc. |
360,900 | 676,343 | ||||||
JVCKenwood Corp. |
1,051,800 | 1,429,937 | ||||||
# * | Kasai Kogyo Co. Ltd. |
123,600 | 161,050 | |||||
Kawai Musical Instruments Manufacturing Co. Ltd. |
36,600 | 640,027 | ||||||
# | Keiyo Co. Ltd. |
245,000 | 1,538,714 | |||||
KeyHolder, Inc. |
2,100 | 11,586 | ||||||
# | KFC Holdings Japan Ltd. |
87,300 | 1,633,451 | |||||
# | King Co. Ltd. |
54,100 | 155,108 | |||||
# * | Kintetsu Department Store Co. Ltd. |
1,300 | 21,536 | |||||
# | Ki-Star Real Estate Co. Ltd. |
55,900 | 1,678,033 | |||||
Kohnan Shoji Co. Ltd. |
157,700 | 3,685,923 | ||||||
# | Kojima Co. Ltd. |
197,700 | 861,710 | |||||
Komatsu Matere Co. Ltd. |
195,000 | 1,045,347 | ||||||
KOMEDA Holdings Co. Ltd. |
301,900 | 4,856,961 | ||||||
# | Komehyo Holdings Co. Ltd. |
42,400 | 886,355 | |||||
# | Komeri Co. Ltd. |
202,100 | 3,858,388 | |||||
# | Konaka Co. Ltd. |
163,506 | 373,878 | |||||
# | Kotobukiya Co. Ltd. |
1,800 | 93,363 | |||||
# | Ks Holdings Corp. |
249,700 | 2,058,685 | |||||
# | KU Holdings Co. Ltd. |
115,500 | 869,963 | |||||
Kurabo Industries Ltd. |
113,200 | 1,542,006 | ||||||
KYB Corp. |
117,200 | 2,510,456 | ||||||
# | Kyoritsu Maintenance Co. Ltd. |
43,300 | 1,789,055 | |||||
LEC, Inc. |
142,200 | 808,441 | ||||||
# | LITALICO, Inc. |
117,100 | 2,226,606 | |||||
* | Locondo, Inc. |
21,000 | 164,600 | |||||
Look Holdings, Inc. |
37,100 | 546,800 | ||||||
# | Mars Group Holdings Corp. |
80,600 | 900,717 | |||||
# | Maruzen CHI Holdings Co. Ltd. |
106,300 | 239,687 | |||||
Matsuoka Corp. |
10,200 | 66,317 | ||||||
Media Do Co. Ltd. |
54,200 | 677,584 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Meiko Network Japan Co. Ltd. |
36,400 | $ | 152,423 | |||||
# | Meiwa Estate Co. Ltd. |
73,200 | 304,990 | |||||
# | Mikuni Corp. |
154,900 | 319,645 | |||||
# | Mitsuba Corp. |
204,690 | 546,839 | |||||
Mizuno Corp. |
114,900 | 2,044,214 | ||||||
Monogatari Corp. |
66,300 | 3,193,329 | ||||||
Morito Co. Ltd. |
107,800 | 526,323 | ||||||
MrMax Holdings Ltd. |
159,300 | 685,678 | ||||||
Murakami Corp. |
31,800 | 494,067 | ||||||
Musashi Seimitsu Industry Co. Ltd. |
299,300 | 3,222,459 | ||||||
Nafco Co. Ltd. |
54,200 | 591,169 | ||||||
Nagahori Corp. |
200 | 1,189 | ||||||
Nagase Brothers, Inc. |
200 | 7,567 | ||||||
# | Nagawa Co. Ltd. |
34,200 | 1,754,882 | |||||
# | Nakayamafuku Co. Ltd. |
41,800 | 89,036 | |||||
# | New Art Holdings Co. Ltd. |
31,734 | 303,869 | |||||
Nextage Co. Ltd. |
287,000 | 6,225,072 | ||||||
NHK Spring Co. Ltd. |
903,756 | 5,320,215 | ||||||
Nichirin Co. Ltd. |
61,160 | 644,868 | ||||||
# | Nihon House Holdings Co. Ltd. |
239,600 | 756,880 | |||||
# | Nihon Plast Co. Ltd. |
107,800 | 324,506 | |||||
Nihon Tokushu Toryo Co. Ltd. |
80,400 | 505,471 | ||||||
# | Nippon Felt Co. Ltd. |
84,000 | 236,301 | |||||
# | Nippon Piston Ring Co. Ltd. |
49,800 | 418,190 | |||||
Nippon Seiki Co. Ltd. |
303,200 | 1,585,314 | ||||||
Nishikawa Rubber Co. Ltd. |
38,500 | 311,721 | ||||||
Nishimatsuya Chain Co. Ltd. |
253,100 | 2,349,712 | ||||||
# | Nissan Shatai Co. Ltd. |
477,300 | 2,681,739 | |||||
# | Nissan Tokyo Sales Holdings Co. Ltd. |
166,400 | 306,717 | |||||
NITTAN Corp. |
93,500 | 167,383 | ||||||
Nojima Corp. |
398,000 | 3,705,232 | ||||||
NOK Corp. |
342,980 | 2,677,812 | ||||||
# | Ohashi Technica, Inc. |
67,600 | 621,949 | |||||
# | Ohsho Food Service Corp. |
65,100 | 2,878,256 | |||||
# * | Oisix ra daichi, Inc. |
162,700 | 1,842,388 | |||||
# | Onward Holdings Co. Ltd. |
616,100 | 1,248,513 | |||||
# | Ozu Corp. |
22,200 | 269,722 | |||||
Pacific Industrial Co. Ltd. |
270,300 | 1,907,955 | ||||||
PAL GROUP Holdings Co. Ltd. |
136,800 | 2,228,509 | ||||||
PALTAC Corp. |
21,200 | 652,407 | ||||||
# | PAPYLESS Co. Ltd. |
19,200 | 139,941 | |||||
# | Paris Miki Holdings, Inc. |
115,700 | 187,474 | |||||
# | PC Depot Corp. |
177,381 | 329,076 | |||||
* | PIA Corp. |
1,700 | 39,061 | |||||
# | Piolax, Inc. |
179,700 | 2,206,244 | |||||
Plenus Co. Ltd. |
83,700 | 1,115,455 | ||||||
Poppins Corp. |
2,100 | 24,524 | ||||||
# | Premium Water Holdings, Inc. |
8,100 | 129,758 | |||||
# | Press Kogyo Co. Ltd. |
598,500 | 1,631,341 | |||||
# | Pressance Corp. |
109,900 | 1,107,813 | |||||
QB Net Holdings Co. Ltd. |
58,700 | 549,424 | ||||||
Raccoon Holdings, Inc. |
111,700 | 794,082 | ||||||
Regal Corp. |
1,500 | 19,016 | ||||||
Renaissance, Inc. |
3,500 | 22,519 | ||||||
Resorttrust, Inc. |
521,964 | 8,360,383 | ||||||
Rhythm Co. Ltd. |
43,600 | 453,528 | ||||||
Riberesute Corp. |
46,100 | 242,917 | ||||||
Ride On Express Holdings Co. Ltd. |
46,900 | 342,966 | ||||||
* | Right On Co. Ltd. |
92,925 | 431,236 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
# | Riken Corp. |
49,400 | $ | 779,920 | ||||
Riso Kyoiku Co. Ltd. |
692,900 | 1,536,385 | ||||||
Rock Field Co. Ltd. |
94,800 | 956,680 | ||||||
Roland Corp. |
57,600 | 1,766,528 | ||||||
Round One Corp. |
931,500 | 4,037,750 | ||||||
# | Sacs Bar Holdings, Inc. |
122,950 | 602,566 | |||||
San Holdings, Inc. |
59,900 | 699,524 | ||||||
* | Sanden Corp. |
10,400 | 15,294 | |||||
Sanei Architecture Planning Co. Ltd. |
55,200 | 616,081 | ||||||
Sangetsu Corp. |
291,250 | 3,220,403 | ||||||
Sankyo Co. Ltd. |
144,400 | 4,371,939 | ||||||
Sankyo Seiko Co. Ltd. |
232,800 | 716,149 | ||||||
# | Sanoh Industrial Co. Ltd. |
154,900 | 713,037 | |||||
# | Sanyo Electric Railway Co. Ltd. |
109,898 | 1,668,953 | |||||
# * | Sanyo Shokai Ltd. |
59,599 | 389,004 | |||||
# | Scroll Corp. |
189,200 | 915,860 | |||||
Seiko Holdings Corp. |
165,881 | 3,464,470 | ||||||
# | Seiren Co. Ltd. |
284,000 | 4,141,197 | |||||
# | Senshukai Co. Ltd. |
174,600 | 472,861 | |||||
Seria Co. Ltd. |
188,324 | 3,288,684 | ||||||
# | Shidax Corp. |
149,800 | 606,682 | |||||
Shikibo Ltd. |
68,600 | 417,097 | ||||||
Shin-Nihon Tatemono Co. Ltd. |
29,800 | 88,978 | ||||||
Shoei Co. Ltd. |
154,200 | 5,594,154 | ||||||
# * | Silver Life Co. Ltd. |
15,300 | 139,209 | |||||
# | Snow Peak, Inc. |
182,900 | 2,762,215 | |||||
# | SNT Corp. |
158,100 | 232,765 | |||||
# | Soft99 Corp. |
84,400 | 640,599 | |||||
# | Sotoh Co. Ltd. |
49,100 | 235,152 | |||||
SPK Corp. |
48,600 | 464,032 | ||||||
# | Sprix Ltd. |
34,300 | 225,102 | |||||
St. Marc Holdings Co. Ltd. |
111,200 | 1,233,203 | ||||||
Step Co. Ltd. |
60,800 | 748,457 | ||||||
# | Suminoe Textile Co. Ltd. |
26,300 | 311,749 | |||||
Sumitomo Riko Co. Ltd. |
252,100 | 982,043 | ||||||
# | Suncall Corp. |
127,200 | 574,417 | |||||
# * | SuRaLa Net Co. Ltd. |
2,700 | 15,383 | |||||
Syuppin Co. Ltd. |
134,200 | 1,176,881 | ||||||
# | T RAD Co. Ltd. |
42,900 | 739,078 | |||||
Tachikawa Corp. |
71,600 | 516,013 | ||||||
# | Tachi-S Co. Ltd. |
195,940 | 1,450,765 | |||||
# | Taiho Kogyo Co. Ltd. |
113,300 | 528,843 | |||||
Takashimaya Co. Ltd. |
879,500 | 10,414,315 | ||||||
# | Takasho Co. Ltd. |
15,400 | 71,683 | |||||
# * | Take & Give Needs Co. Ltd. |
11,400 | 128,485 | |||||
# | Takihyo Co. Ltd. |
24,300 | 128,257 | |||||
# | Tama Home Co. Ltd. |
100,000 | 1,622,505 | |||||
Tamron Co. Ltd. |
103,400 | 2,073,144 | ||||||
# | Tbk Co. Ltd. |
155,300 | 313,358 | |||||
# | Tear Corp. |
60,900 | 177,971 | |||||
Temairazu, Inc. |
14,900 | 539,476 | ||||||
T-Gaia Corp. |
136,400 | 1,545,831 | ||||||
# | Tigers Polymer Corp. |
79,800 | 223,059 | |||||
Toa Corp. |
144,900 | 766,989 | ||||||
Tokai Rika Co. Ltd. |
326,000 | 3,110,675 | ||||||
Token Corp. |
45,950 | 2,548,389 | ||||||
* | Tokyo Base Co. Ltd. |
48,800 | 105,381 | |||||
Tokyo Individualized Educational Institute, Inc. |
103,700 | 394,919 | ||||||
Tokyo Radiator Manufacturing Co. Ltd. |
24,300 | 100,769 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Tokyotokeiba Co. Ltd. |
98,100 | $ | 2,796,983 | |||||
Tomy Co. Ltd. |
564,293 | 4,827,685 | ||||||
Topre Corp. |
219,800 | 1,688,274 | ||||||
# | Toridoll Holdings Corp. |
301,500 | 6,242,146 | |||||
Tosho Co. Ltd. |
4,400 | 36,977 | ||||||
Toyo Tire Corp. |
273,700 | 2,979,107 | ||||||
Toyoda Gosei Co. Ltd. |
38,900 | 588,975 | ||||||
TPR Co. Ltd. |
150,662 | 1,238,532 | ||||||
Treasure Factory Co. Ltd. |
10,300 | 126,879 | ||||||
TS Tech Co. Ltd. |
449,686 | 4,411,765 | ||||||
TSI Holdings Co. Ltd. |
301,095 | 823,522 | ||||||
* | Tsukada Global Holdings, Inc. |
86,100 | 211,185 | |||||
# | Tsutsumi Jewelry Co. Ltd. |
39,000 | 543,047 | |||||
# | Twinbird Corp. |
9,200 | 38,768 | |||||
# | Unipres Corp. |
224,297 | 1,375,982 | |||||
# * | Unitika Ltd. |
373,200 | 768,459 | |||||
Univance Corp. |
10,000 | 23,798 | ||||||
* | Universal Entertainment Corp. |
98,000 | 1,257,711 | |||||
Valuence Holdings, Inc. |
1,600 | 23,221 | ||||||
* | Village Vanguard Co. Ltd. |
36,600 | 270,723 | |||||
VT Holdings Co. Ltd. |
492,000 | 1,615,726 | ||||||
Wacoal Holdings Corp. |
267,700 | 3,976,290 | ||||||
# | Waseda Academy Co. Ltd. |
43,600 | 312,223 | |||||
# | Watts Co. Ltd. |
52,100 | 244,298 | |||||
Weds Co. Ltd. |
14,500 | 47,486 | ||||||
World Co. Ltd. |
94,100 | 906,694 | ||||||
Xebio Holdings Co. Ltd. |
159,896 | 1,065,066 | ||||||
# | Yachiyo Industry Co. Ltd. |
48,100 | 206,186 | |||||
Yagi & Co. Ltd. |
18,600 | 152,163 | ||||||
Yamae Group Holdings Co. Ltd. |
9,400 | 103,255 | ||||||
Yamato International, Inc. |
85,200 | 151,602 | ||||||
# | Yasunaga Corp. |
36,200 | 163,732 | |||||
Yellow Hat Ltd. |
221,700 | 2,748,125 | ||||||
Yondoshi Holdings, Inc. |
101,520 | 1,205,169 | ||||||
Yonex Co. Ltd. |
73,500 | 682,026 | ||||||
Yorozu Corp. |
126,100 | 698,727 | ||||||
# | Yoshinoya Holdings Co. Ltd. |
273,800 | 4,439,083 | |||||
Yutaka Giken Co. Ltd. |
8,700 | 102,441 | ||||||
Zojirushi Corp. |
14,700 | 158,686 | ||||||
|
|
|||||||
TOTAL CONSUMER DISCRETIONARY | 376,080,215 | |||||||
|
|
|||||||
CONSUMER STAPLES (7.9%) |
| |||||||
# | Aeon Hokkaido Corp. |
178,900 | 1,400,152 | |||||
# | AFC-HD AMS Life Science Co. Ltd. |
53,800 | 277,982 | |||||
Ain Holdings, Inc. |
119,800 | 5,177,477 | ||||||
# | Albis Co. Ltd. |
38,700 | 623,603 | |||||
Arcs Co. Ltd. |
269,000 | 3,838,651 | ||||||
Artnature, Inc. |
116,400 | 582,302 | ||||||
Axial Retailing, Inc. |
108,000 | 2,427,001 | ||||||
* | Axxzia, Inc. |
4,800 | 41,230 | |||||
Belc Co. Ltd. |
67,200 | 2,504,553 | ||||||
Bourbon Corp. |
54,800 | 799,764 | ||||||
Bull-Dog Sauce Co. Ltd. |
3,000 | 37,804 | ||||||
Cawachi Ltd. |
79,400 | 1,168,833 | ||||||
CBON COSMETICS Co. Ltd. |
10,800 | 122,439 | ||||||
Chubu Shiryo Co. Ltd. |
132,400 | 952,871 | ||||||
Chuo Gyorui Co. Ltd. |
9,800 | 196,474 | ||||||
Como Co. Ltd. |
2,600 | 48,178 | ||||||
# | Cota Co. Ltd. |
113,591 | 1,203,970 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER STAPLES (Continued) |
| |||||||
Create SD Holdings Co. Ltd. |
137,500 | $ | 2,987,728 | |||||
# | Daikokutenbussan Co. Ltd. |
34,800 | 1,264,804 | |||||
Delica Foods Holdings Co. Ltd. |
66,400 | 231,674 | ||||||
DyDo Group Holdings, Inc. |
58,700 | 1,955,439 | ||||||
Earth Corp. |
65,400 | 2,345,949 | ||||||
Ebara Foods Industry, Inc. |
30,900 | 644,857 | ||||||
# | Ecos Co. Ltd. |
45,800 | 572,514 | |||||
# | Ensuiko Sugar Refining Co. Ltd. |
86,200 | 118,458 | |||||
Ezaki Glico Co. Ltd. |
189,400 | 4,667,792 | ||||||
Feed One Co. Ltd. |
153,348 | 705,516 | ||||||
# | Fuji Co. Ltd. |
118,700 | 1,546,365 | |||||
# | Fuji Oil Holdings, Inc. |
237,500 | 3,949,631 | |||||
# | Fujicco Co. Ltd. |
122,300 | 1,614,969 | |||||
Fujiya Co. Ltd. |
70,000 | 1,183,242 | ||||||
G-7 Holdings, Inc. |
141,300 | 1,394,210 | ||||||
Genky DrugStores Co. Ltd. |
51,000 | 1,267,190 | ||||||
# | HABA Laboratories, Inc. |
15,000 | 246,419 | |||||
Hagoromo Foods Corp. |
17,900 | 374,733 | ||||||
Halows Co. Ltd. |
56,100 | 1,125,262 | ||||||
Heiwado Co. Ltd. |
190,100 | 2,624,454 | ||||||
Hokkaido Coca-Cola Bottling Co. Ltd. |
18,699 | 529,072 | ||||||
Hokuto Corp. |
139,200 | 1,823,878 | ||||||
# | Ichimasa Kamaboko Co. Ltd. |
46,500 | 247,881 | |||||
Imuraya Group Co. Ltd. |
61,500 | 929,436 | ||||||
# | Inageya Co. Ltd. |
44,600 | 353,615 | |||||
* | I-NE Co. Ltd. |
6,800 | 202,994 | |||||
Itochu-Shokuhin Co. Ltd. |
35,100 | 1,176,715 | ||||||
Itoham Yonekyu Holdings, Inc. |
706,300 | 3,249,852 | ||||||
Iwatsuka Confectionery Co. Ltd. |
8,700 | 243,011 | ||||||
JM Holdings Co. Ltd. |
77,000 | 895,327 | ||||||
J-Oil Mills, Inc. |
122,300 | 1,314,440 | ||||||
Kadoya Sesame Mills, Inc. |
15,600 | 383,226 | ||||||
Kakiyasu Honten Co. Ltd. |
53,400 | 833,729 | ||||||
# | Kameda Seika Co. Ltd. |
66,800 | 2,120,637 | |||||
# | Kaneko Seeds Co. Ltd. |
44,700 | 453,963 | |||||
# | Kanemi Co. Ltd. |
1,200 | 22,863 | |||||
Kansai Food Market Ltd. |
11,400 | 88,014 | ||||||
Kato Sangyo Co. Ltd. |
150,800 | 3,480,275 | ||||||
Kenko Mayonnaise Co. Ltd. |
73,300 | 789,023 | ||||||
# | Kibun Foods, Inc. |
12,200 | 76,892 | |||||
# | Kitanotatsujin Corp. |
380,600 | 677,798 | |||||
Koike-ya, Inc. |
300 | 11,074 | ||||||
Kotobuki Spirits Co. Ltd. |
26,000 | 1,497,658 | ||||||
Kusuri no Aoki Holdings Co. Ltd. |
83,800 | 3,950,111 | ||||||
Kyokuyo Co. Ltd. |
59,999 | 1,497,282 | ||||||
Lacto Japan Co. Ltd. |
47,000 | 696,600 | ||||||
Life Corp. |
79,900 | 1,481,068 | ||||||
Mandom Corp. |
214,500 | 2,258,342 | ||||||
# | Marudai Food Co. Ltd. |
129,900 | 1,281,712 | |||||
Maruha Nichiro Corp. |
216,707 | 3,687,138 | ||||||
Maxvalu Tokai Co. Ltd. |
47,000 | 866,679 | ||||||
# | Medical System Network Co. Ltd. |
152,000 | 415,908 | |||||
Megmilk Snow Brand Co. Ltd. |
277,000 | 3,270,759 | ||||||
# | Meito Sangyo Co. Ltd. |
54,100 | 598,725 | |||||
Milbon Co. Ltd. |
164,552 | 7,259,670 | ||||||
# | Ministop Co. Ltd. |
90,500 | 888,956 | |||||
Mitsubishi Shokuhin Co. Ltd. |
103,900 | 2,340,185 | ||||||
Mitsui DM Sugar Holdings Co. Ltd. |
110,870 | 1,451,076 | ||||||
Miyoshi Oil & Fat Co. Ltd. |
36,000 | 247,621 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER STAPLES (Continued) | ||||||||
Morinaga & Co. Ltd. |
214,799 | $ | 5,877,819 | |||||
Morinaga Milk Industry Co. Ltd. |
138,100 | 4,048,566 | ||||||
Morozoff Ltd. |
37,400 | 958,327 | ||||||
# | MTG Co. Ltd. |
24,700 | 208,756 | |||||
# | Nagatanien Holdings Co. Ltd. |
74,900 | 1,032,704 | |||||
# | Nakamuraya Co. Ltd. |
26,699 | 573,967 | |||||
Natori Co. Ltd. |
65,000 | 893,394 | ||||||
# | Nichimo Co. Ltd. |
16,300 | 301,275 | |||||
# | Nihon Chouzai Co. Ltd. |
73,420 | 642,034 | |||||
Niitaka Co. Ltd. |
12,960 | 202,027 | ||||||
Nippn Corp. |
346,000 | 3,715,555 | ||||||
Nippon Beet Sugar Manufacturing Co. Ltd. |
65,500 | 732,496 | ||||||
Nippon Suisan Kaisha Ltd. |
1,893,700 | 7,126,272 | ||||||
Nishimoto Co. Ltd. |
19,500 | 521,939 | ||||||
Nisshin Oillio Group Ltd. |
154,600 | 3,413,023 | ||||||
# | Nissin Sugar Co. Ltd. |
98,300 | 1,175,756 | |||||
Nitto Fuji Flour Milling Co. Ltd. |
16,200 | 536,790 | ||||||
# | Noevir Holdings Co. Ltd. |
85,800 | 3,369,125 | |||||
Oenon Holdings, Inc. |
294,200 | 557,477 | ||||||
# | OIE Sangyo Co. Ltd. |
22,000 | 126,911 | |||||
Okuwa Co. Ltd. |
155,300 | 968,412 | ||||||
# | Olympic Group Corp. |
49,700 | 193,754 | |||||
# | OUG Holdings, Inc. |
21,300 | 396,991 | |||||
Pickles Holdings Co. Ltd. |
56,900 | 384,577 | ||||||
Pigeon Corp. |
552,825 | 8,081,820 | ||||||
# | Prima Meat Packers Ltd. |
177,300 | 2,564,565 | |||||
# | Qol Holdings Co. Ltd. |
164,500 | 1,376,923 | |||||
Retail Partners Co. Ltd. |
107,600 | 828,214 | ||||||
# | Riken Vitamin Co. Ltd. |
143,000 | 1,736,687 | |||||
Rokko Butter Co. Ltd. |
84,200 | 810,645 | ||||||
S Foods, Inc. |
114,862 | 2,410,376 | ||||||
S&B Foods, Inc. |
42,798 | 1,099,492 | ||||||
# | Sagami Rubber Industries Co. Ltd. |
56,000 | 293,595 | |||||
San-A Co. Ltd. |
116,600 | 3,518,587 | ||||||
Sapporo Holdings Ltd. |
394,920 | 8,706,430 | ||||||
Sato Foods Co. Ltd. |
800 | 28,284 | ||||||
Satudora Holdings Co. Ltd. |
3,900 | 18,057 | ||||||
# | Shinnihonseiyaku Co. Ltd. |
42,700 | 442,950 | |||||
Shinobu Foods Products Co. Ltd. |
1,600 | 6,765 | ||||||
Shoei Foods Corp. |
67,600 | 1,938,418 | ||||||
Showa Sangyo Co. Ltd. |
114,300 | 1,960,228 | ||||||
Soiken Holdings, Inc. |
39,400 | 103,959 | ||||||
ST Corp. |
37,100 | 385,406 | ||||||
Starzen Co. Ltd. |
89,900 | 1,261,792 | ||||||
Takara Holdings, Inc. |
536,000 | 3,915,335 | ||||||
Toho Co. Ltd. |
49,900 | 551,688 | ||||||
Torigoe Co. Ltd. |
94,500 | 432,998 | ||||||
# | Transaction Co. Ltd. |
89,700 | 659,411 | |||||
# | United Super Markets Holdings, Inc. |
350,600 | 2,558,572 | |||||
Valor Holdings Co. Ltd. |
220,700 | 2,717,671 | ||||||
Warabeya Nichiyo Holdings Co. Ltd. |
86,460 | 1,327,249 | ||||||
Watahan & Co. Ltd. |
94,100 | 896,181 | ||||||
# | Yaizu Suisankagaku Industry Co. Ltd. |
62,100 | 372,039 | |||||
YAKUODO Holdings Co. Ltd. |
69,400 | 1,116,875 | ||||||
YA-MAN Ltd. |
194,200 | 1,566,333 | ||||||
Yamatane Corp. |
59,000 | 646,092 | ||||||
# | Yamaya Corp. |
23,500 | 402,279 | |||||
# | Yamazawa Co. Ltd. |
11,800 | 100,673 | |||||
# | Yaoko Co. Ltd. |
53,200 | 2,412,279 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER STAPLES (Continued) | ||||||||
# | Yokorei Co. Ltd. |
306,400 | $ | 1,865,483 | ||||
Yomeishu Seizo Co. Ltd. |
48,700 | 599,552 | ||||||
* | Yoshimura Food Holdings KK |
29,300 | 98,932 | |||||
# | Yuasa Funashoku Co. Ltd. |
14,300 | 258,610 | |||||
# | Yukiguni Maitake Co. Ltd. |
39,400 | 271,837 | |||||
Yutaka Foods Corp. |
3,900 | 51,424 | ||||||
|
|
|||||||
TOTAL CONSUMER STAPLES | 204,170,348 | |||||||
|
|
|||||||
ENERGY (0.7%) | ||||||||
# | BP Castrol KK |
44,100 | 328,728 | |||||
Fuji Kosan Co. Ltd. |
4,400 | 34,803 | ||||||
# | Fuji Oil Co. Ltd. |
287,900 | 577,034 | |||||
Itochu Enex Co. Ltd. |
354,900 | 2,503,413 | ||||||
# | Japan Oil Transportation Co. Ltd. |
15,500 | 245,923 | |||||
# | Japan Petroleum Exploration Co. Ltd. |
221,700 | 5,352,339 | |||||
Mitsuuroko Group Holdings Co. Ltd. |
197,500 | 1,318,534 | ||||||
Nippon Coke & Engineering Co. Ltd. |
978,100 | 613,655 | ||||||
Sala Corp. |
322,100 | 1,695,427 | ||||||
San-Ai Obbli Co. Ltd. |
389,000 | 2,995,119 | ||||||
Sinanen Holdings Co. Ltd. |
46,500 | 1,249,698 | ||||||
# | Toa Oil Co. Ltd. |
46,200 | 700,015 | |||||
Toyo Kanetsu KK |
48,700 | 824,760 | ||||||
|
|
|||||||
TOTAL ENERGY | 18,439,448 | |||||||
|
|
|||||||
FINANCIALS (8.8%) | ||||||||
77 Bank Ltd. |
363,152 | 4,487,194 | ||||||
# | Advance Create Co. Ltd. |
63,400 | 422,183 | |||||
AEON Financial Service Co. Ltd. |
124,500 | 1,235,466 | ||||||
# * | Aichi Bank Ltd. |
48,700 | 1,901,161 | |||||
Aiful Corp. |
1,494,900 | 3,895,568 | ||||||
# | Aizawa Securities Group Co. Ltd. |
200,800 | 893,074 | |||||
Akatsuki Corp. |
144,000 | 312,381 | ||||||
Akita Bank Ltd. |
88,440 | 983,194 | ||||||
Anicom Holdings, Inc. |
108,300 | 424,769 | ||||||
# * | Aruhi Corp. |
174,700 | 1,663,314 | |||||
# | Asax Co. Ltd. |
9,300 | 37,120 | |||||
# | Awa Bank Ltd. |
232,100 | 3,037,420 | |||||
# | Bank of Iwate Ltd. |
82,982 | 1,028,018 | |||||
# | Bank of Kochi Ltd. |
56,100 | 247,536 | |||||
# | Bank of Nagoya Ltd. |
75,630 | 1,571,969 | |||||
Bank of Saga Ltd. |
80,920 | 849,781 | ||||||
Bank of the Ryukyus Ltd. |
262,280 | 1,390,064 | ||||||
# | Bank of Toyama Ltd. |
14,500 | 174,335 | |||||
# | Casa, Inc. |
28,400 | 157,398 | |||||
Chiba Kogyo Bank Ltd. |
264,158 | 515,683 | ||||||
Chugoku Bank Ltd. |
691,400 | 4,361,557 | ||||||
# * | Chukyo Bank Ltd. |
61,400 | 785,265 | |||||
Credit Saison Co. Ltd. |
426,500 | 4,998,035 | ||||||
Daishi Hokuetsu Financial Group, Inc. |
262,500 | 4,872,867 | ||||||
Daito Bank Ltd. |
57,400 | 240,945 | ||||||
eGuarantee, Inc. |
221,400 | 3,824,664 | ||||||
# | Ehime Bank Ltd. |
198,673 | 1,182,433 | |||||
# | Entrust, Inc. |
54,900 | 225,024 | |||||
FIDEA Holdings Co. Ltd. |
124,790 | 1,088,198 | ||||||
# | Financial Products Group Co. Ltd. |
233,900 | 1,828,955 | |||||
# | First Bank of Toyama Ltd. |
319,000 | 892,710 | |||||
# | First Brothers Co. Ltd. |
34,600 | 201,980 | |||||
Fukui Bank Ltd. |
123,200 | 1,164,546 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
FINANCIALS (Continued) | ||||||||
Fukushima Bank Ltd. |
17,200 | $ | 24,607 | |||||
Fuyo General Lease Co. Ltd. |
114,800 | 6,267,019 | ||||||
# | GMO Financial Holdings, Inc. |
249,100 | 1,232,082 | |||||
Gunma Bank Ltd. |
2,072,540 | 5,634,547 | ||||||
Hachijuni Bank Ltd. |
1,980,900 | 6,581,937 | ||||||
Hirogin Holdings, Inc. |
1,534,800 | 6,456,201 | ||||||
Hirose Tusyo, Inc. |
20,800 | 337,968 | ||||||
# | Hokkoku Financial Holdings, Inc. |
145,200 | 4,752,081 | |||||
Hokuhoku Financial Group, Inc. |
798,400 | 4,721,159 | ||||||
HS Holdings Co. Ltd. |
152,200 | 1,174,828 | ||||||
Hyakugo Bank Ltd. |
1,393,709 | 3,060,743 | ||||||
Hyakujushi Bank Ltd. |
134,700 | 1,553,912 | ||||||
# | Ichiyoshi Securities Co. Ltd. |
224,000 | 919,606 | |||||
# | IwaiCosmo Holdings, Inc. |
123,900 | 1,038,197 | |||||
* | Iyo Bank Ltd. |
1,270,418 | 6,205,939 | |||||
# | J Trust Co. Ltd. |
345,400 | 1,382,769 | |||||
Jaccs Co. Ltd. |
147,700 | 3,669,532 | ||||||
JAFCO Group Co. Ltd. |
588,100 | 8,659,863 | ||||||
* | Japan Asia Investment Co. Ltd. |
69,300 | 98,161 | |||||
Japan Investment Adviser Co. Ltd. |
70,300 | 642,225 | ||||||
# | Japan Securities Finance Co. Ltd. |
581,200 | 3,298,562 | |||||
# | Jimoto Holdings, Inc. |
110,550 | 356,737 | |||||
J-Lease Co. Ltd. |
31,900 | 499,174 | ||||||
Juroku Financial Group, Inc. |
191,700 | 3,238,566 | ||||||
Keiyo Bank Ltd. |
651,700 | 2,127,213 | ||||||
# | Kita-Nippon Bank Ltd. |
43,506 | 529,340 | |||||
Kiyo Bank Ltd. |
416,190 | 3,994,824 | ||||||
Kyokuto Securities Co. Ltd. |
152,800 | 702,844 | ||||||
Kyushu Financial Group, Inc. |
1,975,137 | 5,232,638 | ||||||
# | Kyushu Leasing Service Co. Ltd. |
34,000 | 138,310 | |||||
# * | M&A Capital Partners Co. Ltd. |
92,100 | 2,359,748 | |||||
# | Marusan Securities Co. Ltd. |
336,700 | 1,009,814 | |||||
# | Matsui Securities Co. Ltd. |
568,800 | 3,067,584 | |||||
Mercuria Holdings Co. Ltd. |
58,400 | 245,603 | ||||||
# | Minkabu The Infonoid, Inc. |
21,700 | 308,622 | |||||
# | Mito Securities Co. Ltd. |
359,500 | 589,246 | |||||
Miyazaki Bank Ltd. |
102,900 | 1,528,299 | ||||||
Mizuho Leasing Co. Ltd. |
180,700 | 3,891,370 | ||||||
# | Monex Group, Inc. |
1,059,200 | 3,297,823 | |||||
# | Money Partners Group Co. Ltd. |
149,100 | 270,724 | |||||
# | Morningstar Japan KK |
131,300 | 421,083 | |||||
# | Mortgage Service Japan Ltd. |
26,100 | 151,560 | |||||
Musashino Bank Ltd. |
183,200 | 2,162,778 | ||||||
Nagano Bank Ltd. |
43,899 | 414,376 | ||||||
Nanto Bank Ltd. |
176,700 | 2,568,893 | ||||||
NEC Capital Solutions Ltd. |
60,200 | 859,014 | ||||||
Nishi-Nippon Financial Holdings, Inc. |
779,700 | 4,049,186 | ||||||
North Pacific Bank Ltd. |
1,785,600 | 2,808,374 | ||||||
# * | OAK Capital Corp. |
297,500 | 149,813 | |||||
Ogaki Kyoritsu Bank Ltd. |
227,000 | 2,691,935 | ||||||
Oita Bank Ltd. |
84,199 | 1,057,634 | ||||||
# | Okasan Securities Group, Inc. |
964,900 | 2,175,691 | |||||
Okinawa Financial Group, Inc. |
143,060 | 2,075,546 | ||||||
Orient Corp. |
280,890 | 2,228,234 | ||||||
Premium Group Co. Ltd. |
163,200 | 2,003,234 | ||||||
Procrea Holdings, Inc. |
238,972 | 3,513,651 | ||||||
Ricoh Leasing Co. Ltd. |
97,600 | 2,381,852 | ||||||
San ju San Financial Group, Inc. |
118,793 | 1,158,894 | ||||||
San-In Godo Bank Ltd. |
963,500 | 4,677,322 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
FINANCIALS (Continued) | ||||||||
* | SBI Insurance Group Co. Ltd. |
7,600 | $ | 42,183 | ||||
Senshu Ikeda Holdings, Inc. |
1,232,328 | 1,784,812 | ||||||
# | Seven Bank Ltd. |
787,400 | 1,410,715 | |||||
# | Shiga Bank Ltd. |
288,700 | 5,224,879 | |||||
Shikoku Bank Ltd. |
239,000 | 1,409,891 | ||||||
# | Shimizu Bank Ltd. |
58,200 | 584,763 | |||||
# | Sparx Group Co. Ltd. |
118,060 | 1,083,483 | |||||
Strike Co. Ltd. |
51,700 | 1,379,908 | ||||||
Suruga Bank Ltd. |
900,700 | 2,322,073 | ||||||
# | Taiko Bank Ltd. |
41,800 | 375,071 | |||||
Tochigi Bank Ltd. |
565,200 | 1,073,781 | ||||||
Toho Bank Ltd. |
1,273,900 | 1,792,042 | ||||||
# | Tohoku Bank Ltd. |
63,300 | 414,909 | |||||
Tokai Tokyo Financial Holdings, Inc. |
1,334,300 | 3,257,980 | ||||||
Tokyo Kiraboshi Financial Group, Inc. |
170,738 | 2,510,018 | ||||||
Tomato Bank Ltd. |
54,500 | 380,697 | ||||||
TOMONY Holdings, Inc. |
937,250 | 2,011,376 | ||||||
# | Tottori Bank Ltd. |
53,100 | 399,638 | |||||
Towa Bank Ltd. |
210,300 | 746,553 | ||||||
Toyo Securities Co. Ltd. |
390,800 | 706,863 | ||||||
Traders Holdings Co. Ltd. |
13,720 | 41,221 | ||||||
Tsukuba Bank Ltd. |
461,800 | 592,753 | ||||||
Yamagata Bank Ltd. |
143,600 | 991,883 | ||||||
Yamaguchi Financial Group, Inc. |
1,237,672 | 6,589,533 | ||||||
Yamanashi Chuo Bank Ltd. |
162,526 | 1,299,644 | ||||||
|
|
|||||||
TOTAL FINANCIALS | 227,970,963 | |||||||
|
|
|||||||
HEALTH CARE (4.9%) | ||||||||
Amvis Holdings, Inc. |
35,600 | 598,902 | ||||||
As One Corp. |
73,700 | 3,043,801 | ||||||
ASKA Pharmaceutical Holdings Co. Ltd. |
141,700 | 1,090,246 | ||||||
Astena Holdings Co. Ltd. |
194,800 | 574,973 | ||||||
BML, Inc. |
147,600 | 3,331,707 | ||||||
# | Carenet, Inc. |
130,800 | 1,086,918 | |||||
CE Holdings Co. Ltd. |
9,500 | 30,357 | ||||||
# * | CellSource Co. Ltd. |
21,100 | 637,236 | |||||
Charm Care Corp. KK |
113,900 | 820,055 | ||||||
CMIC Holdings Co. Ltd. |
63,200 | 666,242 | ||||||
Create Medic Co. Ltd. |
38,700 | 237,750 | ||||||
# | Daiken Medical Co. Ltd. |
116,700 | 376,372 | |||||
Daito Pharmaceutical Co. Ltd. |
77,580 | 1,319,220 | ||||||
Dvx, Inc. |
23,900 | 141,222 | ||||||
Eiken Chemical Co. Ltd. |
205,400 | 2,557,736 | ||||||
Elan Corp. |
208,600 | 1,544,532 | ||||||
EM Systems Co. Ltd. |
24,900 | 147,673 | ||||||
# | FALCO HOLDINGS Co. Ltd. |
53,300 | 642,518 | |||||
FINDEX, Inc. |
94,500 | 374,149 | ||||||
France Bed Holdings Co. Ltd. |
158,600 | 987,698 | ||||||
Fuji Pharma Co. Ltd. |
97,600 | 699,202 | ||||||
Fukuda Denshi Co. Ltd. |
63,200 | 3,127,104 | ||||||
# | Fuso Pharmaceutical Industries Ltd. |
42,600 | 579,905 | |||||
H.U. Group Holdings, Inc. |
348,800 | 6,350,044 | ||||||
# | Hogy Medical Co. Ltd. |
87,300 | 2,148,859 | |||||
# | Hoshi Iryo-Sanki Co. Ltd. |
9,600 | 244,782 | |||||
Irom Group Co. Ltd. |
38,400 | 625,222 | ||||||
# * | Japan Animal Referral Medical Center Co. Ltd. |
9,600 | 119,922 | |||||
* | Japan Hospice Holdings, Inc. |
12,400 | 163,200 | |||||
Japan Lifeline Co. Ltd. |
392,500 | 2,623,055 | ||||||
Japan Medical Dynamic Marketing, Inc. |
104,500 | 899,309 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
HEALTH CARE (Continued) | ||||||||
# | JMS Co. Ltd. |
104,457 | $ | 385,259 | ||||
Kaken Pharmaceutical Co. Ltd. |
116,400 | 3,066,397 | ||||||
Kanamic Network Co. Ltd. |
139,700 | 490,982 | ||||||
Kissei Pharmaceutical Co. Ltd. |
175,800 | 3,122,988 | ||||||
Koa Shoji Holdings Co. Ltd. |
4,100 | 17,898 | ||||||
# | KYORIN Holdings, Inc. |
261,400 | 3,195,707 | |||||
# | Linical Co. Ltd. |
69,400 | 357,416 | |||||
Mani, Inc. |
358,900 | 4,354,113 | ||||||
Medical Data Vision Co. Ltd. |
168,300 | 1,222,180 | ||||||
Medikit Co. Ltd. |
2,000 | 32,230 | ||||||
Medius Holdings Co. Ltd. |
68,500 | 330,799 | ||||||
# * | MedPeer, Inc. |
84,200 | 748,137 | |||||
Menicon Co. Ltd. |
265,200 | 5,439,269 | ||||||
# | Mizuho Medy Co. Ltd. |
22,400 | 424,290 | |||||
Mochida Pharmaceutical Co. Ltd. |
56,798 | 1,324,102 | ||||||
Nakanishi, Inc. |
324,500 | 5,933,884 | ||||||
Nihon Kohden Corp. |
195,900 | 4,162,050 | ||||||
Nippon Chemiphar Co. Ltd. |
12,500 | 152,812 | ||||||
Nipro Corp. |
836,500 | 6,284,043 | ||||||
Paramount Bed Holdings Co. Ltd. |
254,000 | 4,523,705 | ||||||
* | PeptiDream, Inc. |
143,700 | 1,601,096 | |||||
Rion Co. Ltd. |
54,600 | 747,242 | ||||||
Sawai Group Holdings Co. Ltd. |
161,200 | 4,515,142 | ||||||
# | Seed Co. Ltd. |
68,100 | 251,433 | |||||
Seikagaku Corp. |
233,700 | 1,345,646 | ||||||
# | Shin Nippon Biomedical Laboratories Ltd. |
134,300 | 2,498,770 | |||||
Ship Healthcare Holdings, Inc. |
346,200 | 6,503,333 | ||||||
# | Shofu, Inc. |
69,900 | 1,132,049 | |||||
Software Service, Inc. |
18,800 | 1,080,232 | ||||||
Solasto Corp. |
331,500 | 1,975,446 | ||||||
# | St-Care Holding Corp. |
81,600 | 459,914 | |||||
# * | SymBio Pharmaceuticals Ltd. |
62,300 | 308,809 | |||||
Takara Bio, Inc. |
150,900 | 1,770,151 | ||||||
# | Techno Medica Co. Ltd. |
14,700 | 162,025 | |||||
Toho Holdings Co. Ltd. |
303,300 | 4,063,005 | ||||||
Tokai Corp. |
134,700 | 1,667,274 | ||||||
Torii Pharmaceutical Co. Ltd. |
89,800 | 1,785,660 | ||||||
# | Towa Pharmaceutical Co. Ltd. |
173,300 | 2,547,100 | |||||
# | Trans Genic, Inc. |
51,100 | 108,903 | |||||
Tsumura & Co. |
209,318 | 4,468,564 | ||||||
Value HR Co. Ltd. |
92,800 | 941,299 | ||||||
Vital KSK Holdings, Inc. |
262,800 | 1,176,841 | ||||||
# * | Wakamoto Pharmaceutical Co. Ltd. |
85,300 | 140,628 | |||||
# | WIN-Partners Co. Ltd. |
106,100 | 694,011 | |||||
ZERIA Pharmaceutical Co. Ltd. |
39,000 | 558,099 | ||||||
|
|
|||||||
TOTAL HEALTH CARE | 125,860,844 | |||||||
|
|
|||||||
INDUSTRIALS (28.0%) | ||||||||
Advan Group Co. Ltd. |
144,200 | 811,411 | ||||||
Aeon Delight Co. Ltd. |
105,900 | 2,078,286 | ||||||
Aichi Corp. |
223,100 | 1,209,597 | ||||||
Aida Engineering Ltd. |
310,500 | 1,760,486 | ||||||
Airtech Japan Ltd. |
2,000 | 14,730 | ||||||
AIT Corp. |
8,100 | 81,498 | ||||||
# | Ajis Co. Ltd. |
28,900 | 404,685 | |||||
Alconix Corp. |
143,100 | 1,299,481 | ||||||
# | Alinco, Inc. |
80,500 | 500,896 | |||||
Alps Logistics Co. Ltd. |
110,100 | 785,893 | ||||||
# | Altech Corp. |
101,970 | 1,304,444 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Anest Iwata Corp. |
220,200 | $ | 1,303,852 | |||||
Asahi Diamond Industrial Co. Ltd. |
342,800 | 1,701,883 | ||||||
Asahi Kogyosha Co. Ltd. |
51,400 | 628,709 | ||||||
Asanuma Corp. |
84,200 | 1,556,739 | ||||||
# | Asukanet Co. Ltd. |
31,200 | 201,720 | |||||
Bando Chemical Industries Ltd. |
210,500 | 1,493,880 | ||||||
# | Br Holdings Corp. |
221,200 | 487,612 | |||||
# | Bunka Shutter Co. Ltd. |
351,900 | 2,492,858 | |||||
Canare Electric Co. Ltd. |
21,200 | 206,426 | ||||||
Careerlink Co. Ltd. |
20,500 | 314,851 | ||||||
# | Central Glass Co. Ltd. |
217,900 | 5,016,732 | |||||
Central Security Patrols Co. Ltd. |
53,000 | 872,657 | ||||||
Chilled & Frozen Logistics Holdings Co. Ltd. |
98,500 | 753,225 | ||||||
* | Chiyoda Corp. |
906,000 | 2,368,236 | |||||
Chiyoda Integre Co. Ltd. |
67,900 | 1,007,542 | ||||||
Chori Co. Ltd. |
73,000 | 966,988 | ||||||
Chudenko Corp. |
187,800 | 2,712,493 | ||||||
# | Chugai Ro Co. Ltd. |
37,600 | 399,675 | |||||
# | Chuo Warehouse Co. Ltd. |
21,000 | 132,388 | |||||
CKD Corp. |
239,900 | 2,848,470 | ||||||
# | CMC Corp. |
30,200 | 246,117 | |||||
Cosel Co. Ltd. |
146,800 | 832,582 | ||||||
Creek & River Co. Ltd. |
67,100 | 1,147,815 | ||||||
CTI Engineering Co. Ltd. |
70,300 | 1,377,369 | ||||||
CTS Co. Ltd. |
157,100 | 793,944 | ||||||
Dai-Dan Co. Ltd. |
89,200 | 1,318,701 | ||||||
# | Daido Kogyo Co. Ltd. |
49,400 | 238,930 | |||||
Daihatsu Diesel Manufacturing Co. Ltd. |
119,100 | 406,416 | ||||||
Daihen Corp. |
128,100 | 3,289,810 | ||||||
# | Daiho Corp. |
91,600 | 2,624,814 | |||||
Dai-Ichi Cutter Kogyo KK |
46,300 | 396,528 | ||||||
Daiichi Jitsugyo Co. Ltd. |
52,000 | 1,385,774 | ||||||
# | Daiichi Kensetsu Corp. |
35,200 | 352,973 | |||||
Daiki Axis Co. Ltd. |
41,900 | 184,598 | ||||||
# | Daiohs Corp. |
22,100 | 228,540 | |||||
Daiseki Co. Ltd. |
290,755 | 8,913,207 | ||||||
# | Daiseki Eco. Solution Co. Ltd. |
39,159 | 234,368 | |||||
# | Daisue Construction Co. Ltd. |
48,200 | 473,793 | |||||
Daiwa Industries Ltd. |
196,200 | 1,554,244 | ||||||
Denyo Co. Ltd. |
96,400 | 914,562 | ||||||
dip Corp. |
198,900 | 5,052,672 | ||||||
DMG Mori Co. Ltd. |
731,800 | 8,357,957 | ||||||
DMW Corp. |
4,800 | 99,478 | ||||||
Duskin Co. Ltd. |
265,400 | 5,216,064 | ||||||
Ebara Jitsugyo Co. Ltd. |
64,800 | 972,438 | ||||||
# | Eidai Co. Ltd. |
184,700 | 294,019 | |||||
# | EJ Holdings, Inc. |
30,100 | 270,453 | |||||
en Japan, Inc. |
188,308 | 2,905,308 | ||||||
Endo Lighting Corp. |
56,300 | 280,996 | ||||||
# | Envipro Holdings, Inc. |
34,400 | 185,217 | |||||
# | ERI Holdings Co. Ltd. |
14,100 | 105,555 | |||||
Escrow Agent Japan, Inc. |
124,700 | 136,444 | ||||||
EXEO Group, Inc. |
253,700 | 3,667,913 | ||||||
F&M Co. Ltd. |
44,400 | 724,403 | ||||||
* | FDK Corp. |
64,298 | 345,166 | |||||
Forum Engineering, Inc. |
24,500 | 154,699 | ||||||
Freund Corp. |
75,600 | 368,265 | ||||||
Frontier Management, Inc. |
7,200 | 57,317 | ||||||
Fudo Tetra Corp. |
101,380 | 1,033,437 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Fuji Corp. |
357,900 | $ | 4,683,640 | |||||
Fuji Die Co. Ltd. |
55,300 | 216,855 | ||||||
Fuji Furukawa Engineering & Construction Co. Ltd. |
1,800 | 41,481 | ||||||
Fujikura Ltd. |
1,559,000 | 9,298,508 | ||||||
Fujimak Corp. |
11,100 | 54,425 | ||||||
Fujisash Co. Ltd. |
573,900 | 270,142 | ||||||
Fukuda Corp. |
53,200 | 1,768,219 | ||||||
Fukushima Galilei Co. Ltd. |
82,400 | 2,036,295 | ||||||
Fukuvi Chemical Industry Co. Ltd. |
10,600 | 41,844 | ||||||
# | Fukuyama Transporting Co. Ltd. |
94,357 | 2,133,546 | |||||
FULLCAST Holdings Co. Ltd. |
126,600 | 2,227,610 | ||||||
Funai Soken Holdings, Inc. |
241,570 | 4,106,388 | ||||||
Furukawa Co. Ltd. |
194,000 | 1,625,143 | ||||||
Furukawa Electric Co. Ltd. |
424,300 | 6,726,773 | ||||||
# | Futaba Corp. |
208,200 | 881,637 | |||||
Gakujo Co. Ltd. |
5,600 | 55,188 | ||||||
Gecoss Corp. |
95,900 | 520,329 | ||||||
Giken Ltd. |
5,400 | 116,891 | ||||||
Glory Ltd. |
288,855 | 4,239,897 | ||||||
gremz, Inc. |
25,500 | 273,051 | ||||||
GS Yuasa Corp. |
393,683 | 6,143,143 | ||||||
Hamakyorex Co. Ltd. |
102,600 | 2,223,277 | ||||||
Hanwa Co. Ltd. |
172,200 | 4,078,398 | ||||||
# | Hashimoto Sogyo Holdings Co. Ltd. |
8,140 | 54,395 | |||||
# | Hazama Ando Corp. |
1,162,500 | 6,711,426 | |||||
# | Helios Techno Holding Co. Ltd. |
109,800 | 307,475 | |||||
Hibiya Engineering Ltd. |
109,900 | 1,415,179 | ||||||
Hirakawa Hewtech Corp. |
70,800 | 505,335 | ||||||
# | Hirano Tecseed Co. Ltd. |
59,400 | 716,805 | |||||
# | Hirata Corp. |
31,900 | 907,807 | |||||
Hisaka Works Ltd. |
127,300 | 718,276 | ||||||
Hitachi Zosen Corp. |
1,035,679 | 6,132,321 | ||||||
Hito Communications Holdings, Inc. |
43,900 | 501,307 | ||||||
# | Hokuetsu Industries Co. Ltd. |
139,500 | 927,466 | |||||
# | Hokuriku Electrical Construction Co. Ltd. |
89,040 | 434,665 | |||||
# | Hosokawa Micron Corp. |
89,300 | 1,517,941 | |||||
# | Howa Machinery Ltd. |
65,100 | 363,355 | |||||
# | Ichikawa Co. Ltd. |
1,000 | 9,297 | |||||
# | Ichiken Co. Ltd. |
33,600 | 413,610 | |||||
# | Ichinen Holdings Co. Ltd. |
125,100 | 1,050,381 | |||||
Idec Corp. |
191,700 | 3,885,226 | ||||||
Ihara Science Corp. |
52,900 | 817,367 | ||||||
# | Iino Kaiun Kaisha Ltd. |
513,400 | 2,300,816 | |||||
Impact HD, Inc. |
20,500 | 529,200 | ||||||
Imura Envelope Co., Inc. |
13,700 | 75,577 | ||||||
Inaba Denki Sangyo Co. Ltd. |
322,900 | 6,086,722 | ||||||
# | Inaba Seisakusho Co. Ltd. |
61,700 | 576,315 | |||||
Inabata & Co. Ltd. |
287,700 | 4,633,331 | ||||||
INFRONEER Holdings, Inc. |
757,388 | 5,133,613 | ||||||
Insource Co. Ltd. |
147,650 | 2,674,897 | ||||||
# | Inui Global Logistics Co. Ltd. |
80,380 | 907,753 | |||||
IR Japan Holdings Ltd. |
56,500 | 798,739 | ||||||
Iseki & Co. Ltd. |
116,500 | 941,502 | ||||||
Ishii Iron Works Co. Ltd. |
11,000 | 213,104 | ||||||
Itoki Corp. |
213,100 | 590,247 | ||||||
Iwaki Co. Ltd. |
56,100 | 489,858 | ||||||
Iwasaki Electric Co. Ltd. |
42,200 | 737,948 | ||||||
JAC Recruitment Co. Ltd. |
105,100 | 1,609,319 | ||||||
Japan Elevator Service Holdings Co. Ltd. |
364,900 | 4,774,838 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
# | Japan Foundation Engineering Co. Ltd. |
122,400 | $ | 387,001 | ||||
Japan Pulp & Paper Co. Ltd. |
72,600 | 2,186,583 | ||||||
Japan Steel Works Ltd. |
171,500 | 3,381,725 | ||||||
Japan Transcity Corp. |
244,600 | 810,240 | ||||||
JDC Corp. |
73,700 | 320,013 | ||||||
# | JK Holdings Co. Ltd. |
92,940 | 634,599 | |||||
# | Juki Corp. |
174,000 | 828,879 | |||||
Kamei Corp. |
148,700 | 1,096,452 | ||||||
Kanaden Corp. |
113,500 | 801,064 | ||||||
# | Kanagawa Chuo Kotsu Co. Ltd. |
42,800 | 1,002,228 | |||||
Kaname Kogyo Co. Ltd. |
1,300 | 7,055 | ||||||
Kanamoto Co. Ltd. |
200,700 | 2,867,113 | ||||||
Kandenko Co. Ltd. |
621,700 | 3,574,145 | ||||||
Kanematsu Corp. |
506,325 | 4,983,885 | ||||||
Katakura Industries Co. Ltd. |
151,500 | 2,140,131 | ||||||
# | Kato Works Co. Ltd. |
62,800 | 323,104 | |||||
Kawada Technologies, Inc. |
32,300 | 823,159 | ||||||
Kawagishi Bridge Works Co. Ltd. |
8,700 | 165,602 | ||||||
# | Kawata Manufacturing Co. Ltd. |
23,300 | 136,099 | |||||
Keihin Co. Ltd. |
15,700 | 152,160 | ||||||
KFC Ltd. |
8,700 | 95,597 | ||||||
# | Kimura Chemical Plants Co. Ltd. |
98,900 | 461,910 | |||||
# | Kimura Unity Co. Ltd. |
47,000 | 246,350 | |||||
King Jim Co. Ltd. |
59,600 | 375,438 | ||||||
Kinki Sharyo Co. Ltd. |
14,699 | 99,342 | ||||||
Kitagawa Corp. |
50,300 | 436,401 | ||||||
Kitano Construction Corp. |
24,072 | 388,140 | ||||||
Kito Corp. |
132,700 | 2,503,625 | ||||||
Kitz Corp. |
407,200 | 2,256,874 | ||||||
# * | Kobe Electric Railway Co. Ltd. |
37,299 | 845,725 | |||||
Koike Sanso Kogyo Co. Ltd. |
13,400 | 181,455 | ||||||
Kokusai Co. Ltd. |
6,600 | 25,524 | ||||||
# | Kokusai Pulp & Paper Co. Ltd. |
87,100 | 432,675 | |||||
Kokuyo Co. Ltd. |
449,525 | 5,697,431 | ||||||
# | KOMAIHALTEC, Inc. |
18,200 | 202,280 | |||||
Komatsu Wall Industry Co. Ltd. |
49,300 | 625,950 | ||||||
Komori Corp. |
299,000 | 1,455,509 | ||||||
Kondotec, Inc. |
114,200 | 787,977 | ||||||
Konoike Transport Co. Ltd. |
174,500 | 1,719,427 | ||||||
# | Kosaido Holdings Co. Ltd. |
124,800 | 1,212,388 | |||||
Kozo Keikaku Engineering, Inc. |
22,000 | 420,233 | ||||||
KRS Corp. |
75,600 | 666,802 | ||||||
Kumagai Gumi Co. Ltd. |
227,800 | 3,970,549 | ||||||
Kuroda Precision Industries Ltd. |
700 | 8,131 | ||||||
Kyodo Printing Co. Ltd. |
45,800 | 775,322 | ||||||
# | Kyokuto Boeki Kaisha Ltd. |
66,000 | 562,295 | |||||
Kyokuto Kaihatsu Kogyo Co. Ltd. |
205,600 | 1,883,303 | ||||||
# * | Kyoritsu Printing Co. Ltd. |
151,200 | 135,811 | |||||
Kyudenko Corp. |
207,400 | 3,940,684 | ||||||
LIKE, Inc. |
68,700 | 1,022,374 | ||||||
# | Link & Motivation, Inc. |
252,500 | 1,341,801 | |||||
Lonseal Corp. |
7,700 | 63,934 | ||||||
* | LTS, Inc. |
2,100 | 45,067 | |||||
Mabuchi Motor Co. Ltd. |
239,800 | 6,510,985 | ||||||
# | Maezawa Industries, Inc. |
49,000 | 212,340 | |||||
# | Maezawa Kasei Industries Co. Ltd. |
84,000 | 750,545 | |||||
Maezawa Kyuso Industries Co. Ltd. |
122,700 | 757,924 | ||||||
Makino Milling Machine Co. Ltd. |
148,300 | 4,576,239 | ||||||
# * | Management Solutions Co. Ltd. |
51,700 | 1,048,454 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Marufuji Sheet Piling Co. Ltd. |
11,800 | $ | 156,929 | |||||
MARUKA FURUSATO Corp. |
45,807 | 977,151 | ||||||
# | Marumae Co. Ltd. |
31,900 | 384,789 | |||||
# | Maruwa Unyu Kikan Co. Ltd. |
169,000 | 1,700,100 | |||||
# | Maruyama Manufacturing Co., Inc. |
18,800 | 188,114 | |||||
Maruzen Co. Ltd. |
65,800 | 823,917 | ||||||
Maruzen Showa Unyu Co. Ltd. |
80,600 | 1,707,614 | ||||||
# | Matching Service Japan Co. Ltd. |
52,000 | 302,011 | |||||
Matsuda Sangyo Co. Ltd. |
79,782 | 1,194,628 | ||||||
# | Matsui Construction Co. Ltd. |
125,500 | 488,603 | |||||
Max Co. Ltd. |
164,100 | 2,254,635 | ||||||
Meidensha Corp. |
222,710 | 3,044,132 | ||||||
Meiho Facility Works Ltd. |
36,100 | 163,612 | ||||||
Meiji Electric Industries Co. Ltd. |
52,500 | 369,678 | ||||||
# | Meiji Shipping Co. Ltd. |
94,000 | 425,647 | |||||
Meisei Industrial Co. Ltd. |
222,200 | 1,078,494 | ||||||
Meitec Corp. |
484,000 | 7,657,951 | ||||||
# * | Meiwa Corp. |
145,600 | 753,227 | |||||
# * | MetaReal Corp. |
22,800 | 158,673 | |||||
METAWATER Co. Ltd. |
114,300 | 1,496,129 | ||||||
# | Midac Holdings Co. Ltd. |
28,600 | 663,404 | |||||
# | Mie Kotsu Group Holdings, Inc. |
346,700 | 1,195,217 | |||||
# | Mirai Industry Co. Ltd. |
4,600 | 47,550 | |||||
Mirait One Corp. |
577,635 | 5,854,536 | ||||||
Mitani Corp. |
294,600 | 2,824,650 | ||||||
# | Mitani Sangyo Co. Ltd. |
145,000 | 302,796 | |||||
# | Mitsubishi Kakoki Kaisha Ltd. |
39,000 | 556,915 | |||||
Mitsubishi Logisnext Co. Ltd. |
186,600 | 952,605 | ||||||
Mitsubishi Logistics Corp. |
109,600 | 2,583,000 | ||||||
Mitsubishi Pencil Co. Ltd. |
132,100 | 1,290,571 | ||||||
# | Mitsuboshi Belting Ltd. |
150,300 | 3,132,665 | |||||
* | Mitsui E&S Holdings Co. Ltd. |
290,481 | 808,556 | |||||
# | Mitsui Matsushima Holdings Co. Ltd. |
74,400 | 1,550,913 | |||||
Mitsui-Soko Holdings Co. Ltd. |
128,400 | 2,724,218 | ||||||
Miyaji Engineering Group, Inc. |
37,517 | 839,637 | ||||||
Mori-Gumi Co. Ltd. |
69,500 | 140,096 | ||||||
Morita Holdings Corp. |
209,700 | 1,863,052 | ||||||
# | NAC Co. Ltd. |
61,300 | 389,511 | |||||
Nachi-Fujikoshi Corp. |
89,900 | 2,201,151 | ||||||
Nadex Co. Ltd. |
40,600 | 217,257 | ||||||
Nagase & Co. Ltd. |
583,700 | 7,964,478 | ||||||
Naigai Trans Line Ltd. |
41,700 | 587,268 | ||||||
# | Nakabayashi Co. Ltd. |
113,400 | 390,792 | |||||
Nakakita Seisakusho Co. Ltd. |
3,700 | 51,535 | ||||||
Nakamoto Packs Co. Ltd. |
33,300 | 355,339 | ||||||
* | Nakamura Choukou Co. Ltd. |
6,600 | 25,495 | |||||
Nakanishi Manufacturing Co. Ltd. |
5,700 | 80,824 | ||||||
# | Nakano Corp. |
107,000 | 223,443 | |||||
# * | Namura Shipbuilding Co. Ltd. |
268,528 | 1,129,392 | |||||
Nankai Electric Railway Co. Ltd. |
165,700 | 3,387,244 | ||||||
Narasaki Sangyo Co. Ltd. |
25,400 | 297,359 | ||||||
Nice Corp. |
35,200 | 375,500 | ||||||
Nichias Corp. |
382,800 | 5,937,037 | ||||||
# | Nichiban Co. Ltd. |
68,100 | 760,234 | |||||
Nichiden Corp. |
97,100 | 1,163,615 | ||||||
Nichiha Corp. |
163,980 | 3,108,976 | ||||||
Nichireki Co. Ltd. |
153,000 | 1,359,561 | ||||||
Nihon Dengi Co. Ltd. |
30,800 | 626,769 | ||||||
Nihon Flush Co. Ltd. |
122,000 | 787,417 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Nikkato Corp. |
44,200 | $ | 130,873 | |||||
Nikkiso Co. Ltd. |
307,500 | 1,930,683 | ||||||
# | Nikko Co. Ltd. |
168,400 | 703,160 | |||||
Nikkon Holdings Co. Ltd. |
377,400 | 5,890,949 | ||||||
Nippi, Inc. |
11,900 | 281,797 | ||||||
# | Nippon Air Conditioning Services Co. Ltd. |
187,100 | 952,549 | |||||
Nippon Aqua Co. Ltd. |
55,400 | 279,256 | ||||||
Nippon Carbon Co. Ltd. |
66,200 | 1,818,477 | ||||||
Nippon Concept Corp. |
39,500 | 425,090 | ||||||
Nippon Densetsu Kogyo Co. Ltd. |
224,600 | 2,852,574 | ||||||
# | Nippon Dry-Chemical Co. Ltd. |
11,300 | 113,339 | |||||
Nippon Filcon Co. Ltd. |
15,700 | 49,934 | ||||||
Nippon Hume Corp. |
137,300 | 596,887 | ||||||
Nippon Koei Co. Ltd. |
74,200 | 1,831,034 | ||||||
# | Nippon Parking Development Co. Ltd. |
1,330,600 | 1,848,074 | |||||
Nippon Rietec Co. Ltd. |
26,400 | 142,557 | ||||||
Nippon Road Co. Ltd. |
20,400 | 809,348 | ||||||
Nippon Seisen Co. Ltd. |
14,800 | 445,936 | ||||||
Nippon Sharyo Ltd. |
40,999 | 576,954 | ||||||
* | Nippon Sheet Glass Co. Ltd. |
425,600 | 1,505,232 | |||||
Nippon Steel Trading Corp. |
96,960 | 3,370,158 | ||||||
Nippon Thompson Co. Ltd. |
346,400 | 1,279,785 | ||||||
Nippon Tungsten Co. Ltd. |
6,699 | 107,454 | ||||||
# | Nishimatsu Construction Co. Ltd. |
313,800 | 8,209,917 | |||||
Nishi-Nippon Railroad Co. Ltd. |
240,700 | 4,797,019 | ||||||
Nishio Rent All Co. Ltd. |
123,800 | 2,442,814 | ||||||
Nissei ASB Machine Co. Ltd. |
51,100 | 1,260,046 | ||||||
Nissei Plastic Industrial Co. Ltd. |
105,100 | 646,146 | ||||||
Nisshinbo Holdings, Inc. |
911,180 | 6,615,275 | ||||||
Nissin Corp. |
92,500 | 1,109,841 | ||||||
Nissin Electric Co. Ltd. |
323,700 | 2,976,960 | ||||||
Nisso Corp. |
69,000 | 264,387 | ||||||
Nitta Corp. |
126,200 | 2,421,384 | ||||||
Nitto Boseki Co. Ltd. |
72,600 | 1,155,333 | ||||||
# | Nitto Kogyo Corp. |
169,300 | 2,773,538 | |||||
Nitto Kohki Co. Ltd. |
69,900 | 753,895 | ||||||
Nitto Seiko Co. Ltd. |
186,200 | 661,479 | ||||||
Nittoc Construction Co. Ltd. |
121,600 | 752,110 | ||||||
NJS Co. Ltd. |
36,800 | 500,444 | ||||||
Noda Corp. |
118,500 | 992,553 | ||||||
Nomura Co. Ltd. |
61,400 | 383,090 | ||||||
# | Nomura Micro Science Co. Ltd. |
39,900 | 920,002 | |||||
Noritake Co. Ltd. |
58,900 | 1,635,378 | ||||||
Noritsu Koki Co. Ltd. |
118,900 | 2,005,851 | ||||||
Noritz Corp. |
175,100 | 1,867,821 | ||||||
# | NS Tool Co. Ltd. |
105,300 | 827,265 | |||||
# | NS United Kaiun Kaisha Ltd. |
59,600 | 1,549,846 | |||||
# | NTN Corp. |
2,686,900 | 4,735,628 | |||||
# | Obara Group, Inc. |
73,700 | 1,637,772 | |||||
# | Ochi Holdings Co. Ltd. |
8,900 | 74,782 | |||||
Odawara Engineering Co. Ltd. |
9,900 | 99,636 | ||||||
# | Ohba Co. Ltd. |
76,500 | 365,133 | |||||
Ohmoto Gumi Co. Ltd. |
4,100 | 197,882 | ||||||
Oiles Corp. |
143,970 | 1,465,652 | ||||||
Okabe Co. Ltd. |
233,200 | 1,046,256 | ||||||
Okada Aiyon Corp. |
42,800 | 427,780 | ||||||
Okamoto Machine Tool Works Ltd. |
25,299 | 712,078 | ||||||
Okamura Corp. |
374,000 | 3,567,654 | ||||||
OKUMA Corp. |
150,100 | 5,154,500 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Okumura Corp. |
187,880 | $ | 3,695,449 | |||||
Onoken Co. Ltd. |
107,500 | 1,049,768 | ||||||
Organo Corp. |
168,400 | 2,379,631 | ||||||
Oriental Consultants Holdings Co. Ltd. |
6,100 | 104,879 | ||||||
Oriental Shiraishi Corp. |
754,400 | 1,283,313 | ||||||
# | Origin Co. Ltd. |
24,900 | 214,760 | |||||
OSG Corp. |
520,500 | 6,438,313 | ||||||
Outsourcing, Inc. |
731,600 | 5,530,358 | ||||||
Oyo Corp. |
126,400 | 1,631,678 | ||||||
# | Paraca, Inc. |
35,900 | 450,717 | |||||
Parker Corp. |
34,000 | 114,210 | ||||||
# | Pasco Corp. |
11,200 | 98,934 | |||||
Pasona Group, Inc. |
143,100 | 1,977,185 | ||||||
Pegasus Sewing Machine Manufacturing Co. Ltd. |
139,900 | 833,166 | ||||||
Penta-Ocean Construction Co. Ltd. |
1,669,600 | 8,382,444 | ||||||
People Dreams & Technologies Group Co. Ltd. |
23,700 | 414,442 | ||||||
Phil Co., Inc. |
3,300 | 26,779 | ||||||
Pilot Corp. |
128,200 | 4,846,993 | ||||||
Prestige International, Inc. |
650,300 | 2,840,521 | ||||||
Pronexus, Inc. |
104,900 | 693,548 | ||||||
PS Mitsubishi Construction Co. Ltd. |
203,300 | 861,253 | ||||||
# | Punch Industry Co. Ltd. |
88,700 | 254,626 | |||||
Quick Co. Ltd. |
77,000 | 965,340 | ||||||
Raito Kogyo Co. Ltd. |
287,200 | 3,777,520 | ||||||
Raiznext Corp. |
271,700 | 2,208,215 | ||||||
# | Rasa Corp. |
63,200 | 435,664 | |||||
# | Rheon Automatic Machinery Co. Ltd. |
120,500 | 953,770 | |||||
# | Rix Corp. |
17,300 | 234,139 | |||||
Ryobi Ltd. |
154,540 | 1,326,897 | ||||||
# | S LINE Co. Ltd. |
23,800 | 124,527 | |||||
Sakai Heavy Industries Ltd. |
23,300 | 469,103 | ||||||
Sakai Moving Service Co. Ltd. |
71,800 | 2,322,598 | ||||||
# * | Sanix, Inc. |
16,900 | 27,684 | |||||
Sanki Engineering Co. Ltd. |
270,600 | 2,964,304 | ||||||
Sanko Gosei Ltd. |
134,300 | 435,229 | ||||||
Sanko Metal Industrial Co. Ltd. |
16,200 | 295,163 | ||||||
# | Sankyo Tateyama, Inc. |
133,774 | 546,580 | |||||
Sankyu, Inc. |
188,200 | 5,465,521 | ||||||
Sansei Technologies, Inc. |
64,500 | 335,963 | ||||||
Sansha Electric Manufacturing Co. Ltd. |
62,600 | 368,457 | ||||||
Sanyo Denki Co. Ltd. |
53,600 | 1,827,047 | ||||||
Sanyo Engineering & Construction, Inc. |
60,200 | 261,181 | ||||||
Sanyo Industries Ltd. |
9,900 | 110,978 | ||||||
Sanyo Trading Co. Ltd. |
138,600 | 990,937 | ||||||
# | Sata Construction Co. Ltd. |
86,199 | 239,884 | |||||
Sato Holdings Corp. |
177,900 | 2,215,446 | ||||||
# | Sato Shoji Corp. |
86,800 | 679,384 | |||||
SBS Holdings, Inc. |
119,400 | 2,295,969 | ||||||
# | SEC Carbon Ltd. |
10,900 | 444,806 | |||||
Seibu Electric & Machinery Co. Ltd. |
10,300 | 101,726 | ||||||
Seika Corp. |
56,700 | 620,800 | ||||||
Seikitokyu Kogyo Co. Ltd. |
185,330 | 967,361 | ||||||
Seiko Electric Co. Ltd. |
4,900 | 34,678 | ||||||
Seino Holdings Co. Ltd. |
390,500 | 3,137,524 | ||||||
Seiwa Electric Manufacturing Co. Ltd. |
1,700 | 5,063 | ||||||
Sekisui Jushi Corp. |
197,500 | 2,248,832 | ||||||
Senko Group Holdings Co. Ltd. |
704,600 | 4,655,896 | ||||||
Senshu Electric Co. Ltd. |
28,700 | 1,030,905 | ||||||
Shibaura Machine Co. Ltd. |
130,900 | 2,605,050 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
# | Shibusawa Warehouse Co. Ltd. |
59,200 | $ | 827,979 | ||||
Shibuya Corp. |
93,700 | 1,566,961 | ||||||
Shima Seiki Manufacturing Ltd. |
169,000 | 2,352,470 | ||||||
# | Shimojima Co. Ltd. |
48,800 | 341,421 | |||||
Shin Maint Holdings Co. Ltd. |
14,600 | 134,034 | ||||||
# | Shin Nippon Air Technologies Co. Ltd. |
85,480 | 1,064,849 | |||||
# | Shinki Bus Co. Ltd. |
1,900 | 44,105 | |||||
Shinmaywa Industries Ltd. |
367,000 | 2,464,738 | ||||||
Shinnihon Corp. |
164,700 | 803,776 | ||||||
Shinsho Corp. |
31,100 | 790,569 | ||||||
Shinwa Co. Ltd. |
62,300 | 944,926 | ||||||
Shinwa Co. Ltd. |
24,800 | 135,494 | ||||||
# | SIGMAXYZ Holdings, Inc. |
220,000 | 1,713,415 | |||||
Sinfonia Technology Co. Ltd. |
137,100 | 1,271,867 | ||||||
Sinko Industries Ltd. |
124,500 | 1,279,135 | ||||||
Sintokogio Ltd. |
273,000 | 1,291,758 | ||||||
SMS Co. Ltd. |
196,400 | 3,967,777 | ||||||
# | Soda Nikka Co. Ltd. |
105,700 | 431,045 | |||||
Sodick Co. Ltd. |
286,600 | 1,503,726 | ||||||
# | Sotetsu Holdings, Inc. |
123,600 | 2,045,082 | |||||
# | Space Co. Ltd. |
96,562 | 569,251 | |||||
S-Pool, Inc. |
410,600 | 2,953,071 | ||||||
Star Micronics Co. Ltd. |
217,000 | 2,442,179 | ||||||
# | Studio Alice Co. Ltd. |
56,600 | 841,809 | |||||
Subaru Enterprise Co. Ltd. |
6,300 | 388,856 | ||||||
# | Sugimoto & Co. Ltd. |
61,600 | 774,053 | |||||
# | Sumiseki Holdings, Inc. |
320,200 | 458,046 | |||||
Sumitomo Densetsu Co. Ltd. |
110,600 | 1,983,215 | ||||||
Sumitomo Mitsui Construction Co. Ltd. |
976,140 | 2,998,363 | ||||||
# | Sumitomo Precision Products Co. Ltd. |
17,284 | 298,639 | |||||
Sumitomo Warehouse Co. Ltd. |
350,900 | 4,767,868 | ||||||
Suzumo Machinery Co. Ltd. |
4,400 | 30,702 | ||||||
SWCC Showa Holdings Co. Ltd. |
154,100 | 1,864,749 | ||||||
# | Tacmina Corp. |
14,700 | 113,847 | |||||
Tadano Ltd. |
694,500 | 4,062,155 | ||||||
Taihei Dengyo Kaisha Ltd. |
91,000 | 2,097,535 | ||||||
# | Taiheiyo Kouhatsu, Inc. |
43,500 | 193,197 | |||||
# | Taikisha Ltd. |
161,000 | 3,583,384 | |||||
Taisei Oncho Co. Ltd. |
14,900 | 185,864 | ||||||
Takamatsu Construction Group Co. Ltd. |
103,300 | 1,341,918 | ||||||
Takamatsu Machinery Co. Ltd. |
41,800 | 177,768 | ||||||
Takamiya Co. Ltd. |
137,800 | 367,436 | ||||||
Takano Co. Ltd. |
50,700 | 235,183 | ||||||
Takaoka Toko Co. Ltd. |
65,620 | 801,865 | ||||||
Takara & Co. Ltd. |
47,155 | 696,393 | ||||||
Takara Standard Co. Ltd. |
202,100 | 1,810,870 | ||||||
Takasago Thermal Engineering Co. Ltd. |
297,900 | 3,502,756 | ||||||
Takashima & Co. Ltd. |
25,200 | 426,305 | ||||||
Takeuchi Manufacturing Co. Ltd. |
225,200 | 4,156,737 | ||||||
Takigami Steel Construction Co. Ltd. |
5,300 | 265,761 | ||||||
# | Takisawa Machine Tool Co. Ltd. |
37,900 | 275,675 | |||||
Takuma Co. Ltd. |
179,900 | 1,542,683 | ||||||
Tanabe Consulting Co. Ltd. |
2,400 | 10,230 | ||||||
Tanabe Engineering Corp. |
39,500 | 243,365 | ||||||
Tanseisha Co. Ltd. |
249,249 | 1,311,060 | ||||||
# | Tatsuta Electric Wire & Cable Co. Ltd. |
241,100 | 727,242 | |||||
TECHNO ASSOCIE Co. Ltd. |
50,100 | 376,524 | ||||||
Techno Ryowa Ltd. |
68,690 | 407,508 | ||||||
Techno Smart Corp. |
49,500 | 391,756 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Teikoku Electric Manufacturing Co. Ltd. |
108,100 | $ | 1,372,982 | |||||
Teikoku Sen-I Co. Ltd. |
113,000 | 1,210,198 | ||||||
Tekken Corp. |
83,400 | 1,021,256 | ||||||
Tenox Corp. |
11,500 | 71,065 | ||||||
Teraoka Seisakusho Co. Ltd. |
55,700 | 129,018 | ||||||
Terasaki Electric Co. Ltd. |
25,500 | 178,278 | ||||||
# | Tess Holdings Co. Ltd. |
29,200 | 189,411 | |||||
Toa Corp. |
93,100 | 1,599,248 | ||||||
TOA ROAD Corp. |
25,500 | 1,031,862 | ||||||
Toba, Inc. |
9,800 | 182,857 | ||||||
Tobishima Corp. |
120,270 | 866,935 | ||||||
Tocalo Co. Ltd. |
383,600 | 3,110,303 | ||||||
Toda Corp. |
748,500 | 3,850,407 | ||||||
Toenec Corp. |
54,000 | 1,271,196 | ||||||
Togami Electric Manufacturing Co. Ltd. |
17,800 | 210,859 | ||||||
# | TOKAI Holdings Corp. |
645,200 | 3,883,804 | |||||
Tokai Lease Co. Ltd. |
18,800 | 188,243 | ||||||
Tokyo Energy & Systems, Inc. |
144,700 | 967,899 | ||||||
# | Tokyo Keiki, Inc. |
71,022 | 594,156 | |||||
Tokyo Sangyo Co. Ltd. |
126,500 | 659,571 | ||||||
# | Tokyu Construction Co. Ltd. |
535,700 | 2,327,968 | |||||
Toli Corp. |
282,400 | 391,037 | ||||||
# | Tomoe Corp. |
155,100 | 435,418 | |||||
Tomoe Engineering Co. Ltd. |
47,900 | 815,997 | ||||||
Tonami Holdings Co. Ltd. |
37,500 | 912,650 | ||||||
Torishima Pump Manufacturing Co. Ltd. |
120,300 | 1,109,205 | ||||||
Totech Corp. |
49,200 | 1,114,991 | ||||||
Totetsu Kogyo Co. Ltd. |
156,200 | 2,506,559 | ||||||
# | Totoku Electric Co. Ltd. |
17,700 | 259,456 | |||||
Toyo Construction Co. Ltd. |
492,600 | 2,910,021 | ||||||
Toyo Denki Seizo KK |
25,250 | 151,057 | ||||||
# * | Toyo Engineering Corp. |
194,378 | 749,394 | |||||
# | Toyo Logistics Co. Ltd. |
85,100 | 154,895 | |||||
# | Toyo Machinery & Metal Co. Ltd. |
100,000 | 387,643 | |||||
Toyo Tanso Co. Ltd. |
80,600 | 1,826,768 | ||||||
# | Toyo Wharf & Warehouse Co. Ltd. |
27,900 | 222,595 | |||||
Trancom Co. Ltd. |
48,200 | 2,534,092 | ||||||
TRE Holdings Corp. |
142,312 | 1,673,659 | ||||||
Trinity Industrial Corp. |
36,000 | 163,808 | ||||||
Trusco Nakayama Corp. |
231,800 | 3,198,752 | ||||||
Tsubaki Nakashima Co. Ltd. |
261,300 | 2,030,211 | ||||||
Tsubakimoto Chain Co. |
164,740 | 3,479,254 | ||||||
# | Tsubakimoto Kogyo Co. Ltd. |
28,400 | 715,801 | |||||
Tsugami Corp. |
279,800 | 2,259,108 | ||||||
Tsukishima Kikai Co. Ltd. |
165,000 | 1,002,432 | ||||||
Tsurumi Manufacturing Co. Ltd. |
117,500 | 1,856,967 | ||||||
# | Ueki Corp. |
60,800 | 519,753 | |||||
# | Union Tool Co. |
46,900 | 1,076,348 | |||||
UPR Corp. |
4,500 | 36,821 | ||||||
Ushio, Inc. |
622,400 | 6,464,937 | ||||||
UT Group Co. Ltd. |
183,200 | 3,008,153 | ||||||
Waida Manufacturing Co. Ltd. |
5,100 | 33,444 | ||||||
Wakachiku Construction Co. Ltd. |
76,000 | 1,181,615 | ||||||
Wakita & Co. Ltd. |
220,000 | 1,771,233 | ||||||
# | WDB Holdings Co. Ltd. |
64,600 | 1,072,137 | |||||
Weathernews, Inc. |
36,200 | 1,864,680 | ||||||
Welbe, Inc. |
59,100 | 320,764 | ||||||
# | Will Group, Inc. |
98,000 | 925,549 | |||||
# | World Holdings Co. Ltd. |
50,700 | 923,781 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) | ||||||||
Yahagi Construction Co. Ltd. |
172,600 | $ | 877,406 | |||||
YAMABIKO Corp. |
219,428 | 1,679,936 | ||||||
YAMADA Consulting Group Co. Ltd. |
66,500 | 550,094 | ||||||
Yamashina Corp. |
245,700 | 113,398 | ||||||
Yamashin-Filter Corp. |
30,600 | 76,902 | ||||||
Yamato Corp. |
108,400 | 584,211 | ||||||
# | Yamaura Corp. |
12,700 | 83,816 | |||||
# | Yamazen Corp. |
362,500 | 2,283,721 | |||||
# | Yasuda Logistics Corp. |
99,100 | 621,313 | |||||
Yokogawa Bridge Holdings Corp. |
203,700 | 2,680,139 | ||||||
# | Yondenko Corp. |
54,120 | 657,074 | |||||
Yuasa Trading Co. Ltd. |
106,400 | 2,574,880 | ||||||
# | Yuken Kogyo Co. Ltd. |
20,000 | 242,620 | |||||
Yurtec Corp. |
257,400 | 1,254,960 | ||||||
Yushin Precision Equipment Co. Ltd. |
29,800 | 145,352 | ||||||
# | Zaoh Co. Ltd. |
25,900 | 317,579 | |||||
Zenitaka Corp. |
19,200 | 408,964 | ||||||
Zuiko Corp. |
94,600 | 444,594 | ||||||
|
|
|||||||
TOTAL INDUSTRIALS | 722,556,742 | |||||||
|
|
|||||||
INFORMATION TECHNOLOGY (14.7%) | ||||||||
# | A&D HOLON Holdings Co. Ltd. |
129,500 | 730,212 | |||||
* | Access Co. Ltd. |
155,800 | 802,705 | |||||
# | Ad-sol Nissin Corp. |
47,200 | 477,927 | |||||
Adtec Plasma Technology Co. Ltd. |
25,000 | 244,487 | ||||||
* | Advanced Media, Inc. |
40,600 | 256,636 | |||||
# | AGS Corp. |
13,000 | 58,247 | |||||
Ai Holdings Corp. |
244,900 | 3,501,941 | ||||||
# | Aichi Tokei Denki Co. Ltd. |
53,600 | 514,432 | |||||
Aiphone Co. Ltd. |
66,800 | 873,855 | ||||||
# * | Allied Telesis Holdings KK |
191,200 | 120,057 | |||||
Alpha Systems, Inc. |
29,220 | 825,481 | ||||||
Alps Alpine Co. Ltd. |
769,600 | 5,563,327 | ||||||
Amano Corp. |
290,500 | 4,881,129 | ||||||
Anritsu Corp. |
849,300 | 9,232,851 | ||||||
AOI Electronics Co. Ltd. |
27,700 | 361,848 | ||||||
Argo Graphics, Inc. |
105,300 | 2,632,887 | ||||||
Arisawa Manufacturing Co. Ltd. |
210,800 | 1,787,192 | ||||||
Artiza Networks, Inc. |
14,900 | 106,868 | ||||||
Asahi Intelligence Service Co. Ltd. |
1,300 | 9,738 | ||||||
Ascentech KK |
32,000 | 117,252 | ||||||
# | Asteria Corp. |
76,600 | 419,665 | |||||
# | Atled Corp. |
15,700 | 182,814 | |||||
Aval Data Corp. |
3,200 | 51,999 | ||||||
# | Avant Corp. |
127,700 | 1,276,229 | |||||
Axell Corp. |
23,100 | 184,455 | ||||||
Base Co. Ltd. |
15,600 | 373,021 | ||||||
Bell System24 Holdings, Inc. |
218,600 | 2,091,143 | ||||||
* | BrainPad, Inc. |
87,600 | 528,872 | |||||
Broadband Tower, Inc. |
116,500 | 130,672 | ||||||
Broadleaf Co. Ltd. |
458,300 | 1,594,555 | ||||||
# | Business Brain Showa-Ota, Inc. |
39,600 | 382,168 | |||||
# | Business Engineering Corp. |
4,400 | 63,679 | |||||
CAC Holdings Corp. |
75,200 | 739,541 | ||||||
Canon Electronics, Inc. |
125,200 | 1,369,823 | ||||||
# | CDS Co. Ltd. |
15,500 | 176,095 | |||||
Celsys, Inc. |
206,000 | 1,237,117 | ||||||
# | Change, Inc. |
90,200 | 1,220,037 | |||||
Chino Corp. |
45,000 | 504,636 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) | ||||||||
# | Citizen Watch Co. Ltd. |
1,669,800 | $ | 6,968,278 | ||||
CMK Corp. |
278,600 | 836,324 | ||||||
Computer Engineering & Consulting Ltd. |
170,100 | 1,730,352 | ||||||
# | Computer Institute of Japan Ltd. |
113,639 | 611,200 | |||||
Comture Corp. |
143,900 | 2,272,021 | ||||||
CONEXIO Corp. |
98,700 | 810,412 | ||||||
# | Core Corp. |
45,800 | 434,579 | |||||
# | Cresco Ltd. |
86,500 | 979,091 | |||||
# | Cross Cat Co. Ltd. |
8,200 | 75,184 | |||||
# | Cube System, Inc. |
60,600 | 396,608 | |||||
Cyber Com Co. Ltd. |
10,600 | 97,021 | ||||||
Cyberlinks Co. Ltd. |
32,400 | 253,185 | ||||||
Cybernet Systems Co. Ltd. |
39,800 | 249,004 | ||||||
# | Cybozu, Inc. |
150,100 | 1,550,057 | |||||
Daiko Denshi Tsushin Ltd. |
23,100 | 72,758 | ||||||
# | Daishinku Corp. |
160,896 | 963,706 | |||||
Daitron Co. Ltd. |
55,600 | 770,466 | ||||||
Daiwabo Holdings Co. Ltd. |
581,600 | 7,498,985 | ||||||
Dawn Corp. |
4,000 | 51,361 | ||||||
# | Densan System Holdings Co. Ltd. |
43,600 | 649,416 | |||||
# | Dexerials Corp. |
338,500 | 7,578,130 | |||||
Digital Arts, Inc. |
75,200 | 3,256,117 | ||||||
Digital Garage, Inc. |
168,200 | 4,032,866 | ||||||
# | Digital Hearts Holdings Co. Ltd. |
74,800 | 977,672 | |||||
Digital Information Technologies Corp. |
61,700 | 628,681 | ||||||
DKK Co. Ltd. |
63,400 | 949,440 | ||||||
# | DKK-Toa Corp. |
31,400 | 184,630 | |||||
Double Standard, Inc. |
42,500 | 687,197 | ||||||
DTS Corp. |
254,000 | 6,038,031 | ||||||
Ebase Co. Ltd. |
125,600 | 446,272 | ||||||
# * | E-Guardian, Inc. |
62,600 | 1,235,881 | |||||
Eizo Corp. |
100,300 | 2,523,862 | ||||||
Elecom Co. Ltd. |
256,300 | 2,554,300 | ||||||
Elematec Corp. |
118,242 | 1,022,768 | ||||||
Enomoto Co. Ltd. |
30,200 | 279,123 | ||||||
Enplas Corp. |
48,600 | 1,362,915 | ||||||
ESPEC Corp. |
117,700 | 1,388,202 | ||||||
Fenwal Controls of Japan Ltd. |
20,500 | 196,528 | ||||||
# | Ferrotec Holdings Corp. |
237,000 | 3,863,983 | |||||
Fixstars Corp. |
105,300 | 762,373 | ||||||
# | Focus Systems Corp. |
53,700 | 354,170 | |||||
# | Forval Corp. |
51,100 | 329,474 | |||||
FTGroup Co. Ltd. |
51,000 | 292,930 | ||||||
Fuji Soft, Inc. |
67,100 | 3,794,661 | ||||||
Fukui Computer Holdings, Inc. |
58,900 | 1,377,151 | ||||||
Furuno Electric Co. Ltd. |
157,500 | 1,198,081 | ||||||
Furuya Metal Co. Ltd. |
16,500 | 885,103 | ||||||
Future Corp. |
296,700 | 3,236,115 | ||||||
Future Innovation Group, Inc. |
11,900 | 30,094 | ||||||
# | Gig Works, Inc. |
40,000 | 91,923 | |||||
# | GL Sciences, Inc. |
44,500 | 679,457 | |||||
# | Glosel Co. Ltd. |
113,200 | 315,889 | |||||
# | GMO Financial Gate, Inc. |
6,800 | 600,067 | |||||
GMO GlobalSign Holdings KK |
33,800 | 1,027,614 | ||||||
# | GMO Pepabo, Inc. |
7,300 | 88,796 | |||||
Hagiwara Electric Holdings Co. Ltd. |
48,300 | 702,028 | ||||||
# | Hakuto Co. Ltd. |
84,900 | 1,875,066 | |||||
# * | Hennge KK |
13,200 | 75,916 | |||||
Himacs Ltd. |
960 | 8,846 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) | ||||||||
Hioki EE Corp. |
63,000 | $ | 2,735,427 | |||||
Hochiki Corp. |
91,500 | 814,752 | ||||||
# | Hokuriku Electric Industry Co. Ltd. |
25,139 | 176,823 | |||||
# | Honda Tsushin Kogyo Co. Ltd. |
41,295 | 201,147 | |||||
Horiba Ltd. |
90,400 | 3,506,246 | ||||||
Hosiden Corp. |
320,100 | 3,270,202 | ||||||
* | Hotto Link, Inc. |
55,800 | 141,506 | |||||
# | HPC Systems, Inc. |
17,700 | 241,959 | |||||
Icom, Inc. |
54,900 | 991,353 | ||||||
# | ID Holdings Corp. |
79,450 | 475,413 | |||||
Ikegami Tsushinki Co. Ltd. |
499 | 1,894 | ||||||
Ill, Inc. |
28,500 | 343,611 | ||||||
Ines Corp. |
125,400 | 1,264,622 | ||||||
# | I-Net Corp. |
76,490 | 663,883 | |||||
Infomart Corp. |
772,500 | 2,332,810 | ||||||
Information Services International-Dentsu Ltd. |
85,200 | 2,613,339 | ||||||
# | Innotech Corp. |
96,100 | 834,321 | |||||
Intelligent Wave, Inc. |
50,500 | 256,421 | ||||||
Inter Action Corp. |
58,500 | 615,478 | ||||||
I-PEX, Inc. |
72,100 | 619,353 | ||||||
Iriso Electronics Co. Ltd. |
131,700 | 3,601,440 | ||||||
ISB Corp. |
51,700 | 437,813 | ||||||
# * | ITbook Holdings Co. Ltd. |
72,300 | 187,708 | |||||
Itfor, Inc. |
172,600 | 908,964 | ||||||
# | Iwatsu Electric Co. Ltd. |
53,100 | 280,436 | |||||
Japan Aviation Electronics Industry Ltd. |
303,200 | 4,446,628 | ||||||
# | Japan Cash Machine Co. Ltd. |
141,800 | 638,682 | |||||
Japan Electronic Materials Corp. |
61,600 | 555,505 | ||||||
Japan Material Co. Ltd. |
434,600 | 5,556,577 | ||||||
# | Japan System Techniques Co. Ltd. |
30,400 | 253,325 | |||||
Jastec Co. Ltd. |
72,900 | 632,021 | ||||||
# | JBCC Holdings, Inc. |
92,300 | 1,126,367 | |||||
JFE Systems, Inc. |
10,000 | 156,253 | ||||||
# * | JIG-SAW, Inc. |
18,500 | 535,456 | |||||
Justsystems Corp. |
106,199 | 2,449,504 | ||||||
Kaga Electronics Co. Ltd. |
109,300 | 3,052,897 | ||||||
Kanematsu Electronics Ltd. |
78,100 | 2,154,173 | ||||||
* | Kaonavi, Inc. |
2,800 | 46,436 | |||||
KEL Corp. |
27,900 | 288,048 | ||||||
Koa Corp. |
195,100 | 2,969,981 | ||||||
# | Konica Minolta, Inc. |
2,014,100 | 6,208,482 | |||||
KSK Co. Ltd. |
3,000 | 45,551 | ||||||
# | Kyoden Co. Ltd. |
116,100 | 414,061 | |||||
Kyosan Electric Manufacturing Co. Ltd. |
257,600 | 739,141 | ||||||
Kyowa Electronic Instruments Co. Ltd. |
129,800 | 301,712 | ||||||
# | LAC Co. Ltd. |
100,100 | 540,148 | |||||
Macnica Holdings, Inc. |
335,450 | 6,289,110 | ||||||
# | Marubun Corp. |
108,900 | 581,400 | |||||
Maruwa Co. Ltd. |
57,700 | 6,155,940 | ||||||
Maxell Ltd. |
300,200 | 2,842,063 | ||||||
MCJ Co. Ltd. |
430,200 | 2,950,494 | ||||||
Megachips Corp. |
111,500 | 1,943,554 | ||||||
# | Meiko Electronics Co. Ltd. |
131,900 | 2,270,504 | |||||
# | Melco Holdings, Inc. |
35,600 | 764,632 | |||||
* | Metaps, Inc. |
2,500 | 8,681 | |||||
Micronics Japan Co. Ltd. |
148,500 | 1,213,587 | ||||||
MIMAKI ENGINEERING Co. Ltd. |
113,200 | 522,641 | ||||||
Mimasu Semiconductor Industry Co. Ltd. |
110,981 | 1,474,192 | ||||||
Miraial Co. Ltd. |
42,100 | 465,765 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) | ||||||||
Miroku Jyoho Service Co. Ltd. |
112,800 | $ | 1,124,596 | |||||
Mitachi Co. Ltd. |
7,900 | 46,811 | ||||||
Mitsubishi Research Institute, Inc. |
50,700 | 1,562,043 | ||||||
m-up Holdings, Inc. |
178,500 | 1,876,157 | ||||||
# | Mutoh Holdings Co. Ltd. |
9,300 | 122,577 | |||||
# | Nagano Keiki Co. Ltd. |
86,800 | 609,687 | |||||
Naigai Tec Corp. |
7,900 | 123,326 | ||||||
Nakayo, Inc. |
62,500 | 447,268 | ||||||
NEC Networks & System Integration Corp. |
158,908 | 1,725,077 | ||||||
NET One Systems Co. Ltd. |
378,700 | 7,351,426 | ||||||
NF Holdings Corp. |
22,500 | 152,696 | ||||||
# | Nichicon Corp. |
308,300 | 2,963,165 | |||||
# | Nihon Dempa Kogyo Co. Ltd. |
108,100 | 1,061,789 | |||||
Nihon Denkei Co. Ltd. |
43,300 | 414,164 | ||||||
Nippon Ceramic Co. Ltd. |
8,900 | 149,909 | ||||||
* | Nippon Chemi-Con Corp. |
120,900 | 1,557,700 | |||||
# | Nippon Computer Dynamics Co. Ltd. |
36,200 | 174,810 | |||||
# * | Nippon Denkai Ltd. |
1,200 | 21,257 | |||||
Nippon Electric Glass Co. Ltd. |
329,736 | 5,684,947 | ||||||
# | Nippon Information Development Co. Ltd. |
12,600 | 142,284 | |||||
# | Nippon Kodoshi Corp. |
51,600 | 715,901 | |||||
Nippon Signal Company Ltd. |
290,400 | 1,901,963 | ||||||
Nissha Co. Ltd. |
242,900 | 2,863,340 | ||||||
Nohmi Bosai Ltd. |
145,100 | 1,623,898 | ||||||
NSD Co. Ltd. |
489,360 | 8,330,077 | ||||||
NSW, Inc. |
48,600 | 713,975 | ||||||
Ohara, Inc. |
48,700 | 420,153 | ||||||
# | Ohizumi Mfg. Co. Ltd. |
7,001 | 38,979 | |||||
Oki Electric Industry Co. Ltd. |
515,500 | 2,558,092 | ||||||
* | ONO Sokki Co. Ltd. |
32,200 | 88,489 | |||||
Optex Group Co. Ltd. |
174,820 | 2,564,886 | ||||||
* | Optim Corp. |
86,500 | 478,818 | |||||
Optorun Co. Ltd. |
110,300 | 1,592,544 | ||||||
Oro Co. Ltd. |
37,200 | 374,858 | ||||||
Osaki Electric Co. Ltd. |
281,800 | 973,016 | ||||||
# | Oval Corp. |
35,600 | 105,536 | |||||
* | Oxide Corp. |
3,200 | 125,939 | |||||
# | PCA Corp. |
40,900 | 289,382 | |||||
# | PCI Holdings, Inc. |
45,300 | 288,436 | |||||
Pole To Win Holdings, Inc. |
201,400 | 1,289,624 | ||||||
# | Pro-Ship, Inc. |
51,100 | 510,209 | |||||
Relia, Inc. |
244,300 | 1,629,807 | ||||||
Restar Holdings Corp. |
111,400 | 1,486,029 | ||||||
* | Ricksoft Co. Ltd. |
2,000 | 31,626 | |||||
# | Riken Keiki Co. Ltd. |
88,700 | 2,386,840 | |||||
Riso Kagaku Corp. |
68,700 | 1,111,914 | ||||||
# | River Eletec Corp. |
35,300 | 261,807 | |||||
Roland DG Corp. |
82,600 | 1,700,246 | ||||||
Rorze Corp. |
68,500 | 3,307,061 | ||||||
RS Technologies Co. Ltd. |
13,400 | 588,899 | ||||||
Ryoden Corp. |
94,800 | 1,023,011 | ||||||
Ryosan Co. Ltd. |
130,000 | 2,010,105 | ||||||
Saison Information Systems Co. Ltd. |
27,400 | 328,769 | ||||||
# | Sakura Internet, Inc. |
131,700 | 481,684 | |||||
Sanken Electric Co. Ltd. |
103,000 | 3,146,457 | ||||||
Sanshin Electronics Co. Ltd. |
75,000 | 866,899 | ||||||
Santec Corp. |
3,600 | 62,307 | ||||||
# | Satori Electric Co. Ltd. |
75,680 | 643,483 | |||||
# | Saxa Holdings, Inc. |
30,600 | 263,099 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) | ||||||||
# | SB Technology Corp. |
64,400 | $ | 974,652 | ||||
# | Scala, Inc. |
102,100 | 472,638 | |||||
Seikoh Giken Co. Ltd. |
23,900 | 262,323 | ||||||
# | SEMITEC Corp. |
8,000 | 417,357 | |||||
SERAKU Co. Ltd. |
24,700 | 167,297 | ||||||
# | Shibaura Electronics Co. Ltd. |
45,000 | 1,353,320 | |||||
Shibaura Mechatronics Corp. |
23,100 | 1,488,419 | ||||||
Shindengen Electric Manufacturing Co. Ltd. |
45,700 | 1,100,250 | ||||||
Shinko Shoji Co. Ltd. |
236,000 | 1,436,241 | ||||||
# | Shizuki Electric Co., Inc. |
121,600 | 412,398 | |||||
Showa Shinku Co. Ltd. |
24,400 | 240,000 | ||||||
# | Sigma Koki Co. Ltd. |
28,900 | 292,164 | |||||
Siix Corp. |
188,000 | 1,409,288 | ||||||
SK-Electronics Co. Ltd. |
49,000 | 408,703 | ||||||
# * | Smaregi, Inc. |
6,500 | 52,752 | |||||
SMK Corp. |
27,599 | 444,454 | ||||||
Softcreate Holdings Corp. |
48,200 | 1,025,149 | ||||||
# | Soliton Systems KK |
54,100 | 380,529 | |||||
Solxyz Co. Ltd. |
41,000 | 100,595 | ||||||
# * | Speee, Inc. |
3,600 | 61,662 | |||||
SRA Holdings |
70,400 | 1,450,531 | ||||||
Sumida Corp. |
158,549 | 1,108,693 | ||||||
# * | Sun*, Inc. |
19,500 | 113,998 | |||||
Sun-Wa Technos Corp. |
75,500 | 663,801 | ||||||
Suzuden Corp. |
800 | 11,308 | ||||||
Suzuki Co. Ltd. |
73,200 | 428,604 | ||||||
System D, Inc. |
1,100 | 10,411 | ||||||
# | System Information Co. Ltd. |
57,600 | 360,816 | |||||
System Research Co. Ltd. |
29,800 | 372,831 | ||||||
System Support, Inc. |
20,700 | 198,191 | ||||||
# | Systems Engineering Consultants Co. Ltd. |
6,600 | 97,632 | |||||
Systena Corp. |
1,558,000 | 4,348,686 | ||||||
Tachibana Eletech Co. Ltd. |
103,460 | 1,119,457 | ||||||
# | Takachiho Koheki Co. Ltd. |
40,900 | 566,187 | |||||
# | TAKEBISHI Corp. |
52,200 | 523,672 | |||||
# | Tamura Corp. |
444,000 | 2,094,691 | |||||
Tazmo Co. Ltd. |
3,500 | 31,404 | ||||||
# | TDC Soft, Inc. |
93,400 | 800,274 | |||||
TechMatrix Corp. |
244,300 | 2,824,165 | ||||||
Techno Horizon Co. Ltd. |
61,800 | 218,948 | ||||||
Tecnos Japan, Inc. |
46,100 | 139,494 | ||||||
# | Teikoku Tsushin Kogyo Co. Ltd. |
51,500 | 507,324 | |||||
Terilogy Co. Ltd. |
20,900 | 47,558 | ||||||
TESEC Corp. |
22,600 | 250,400 | ||||||
TKC Corp. |
185,800 | 4,402,952 | ||||||
Tobila Systems, Inc. |
1,600 | 10,073 | ||||||
Toho System Science Co. Ltd. |
2,700 | 18,223 | ||||||
# | Tokyo Electron Device Ltd. |
44,400 | 1,625,488 | |||||
Tokyo Seimitsu Co. Ltd. |
248,700 | 7,316,071 | ||||||
# | Tomen Devices Corp. |
17,800 | 648,897 | |||||
Topcon Corp. |
676,700 | 7,546,913 | ||||||
# | Torex Semiconductor Ltd. |
52,900 | 914,854 | |||||
Toshiba TEC Corp. |
107,200 | 2,770,068 | ||||||
Toukei Computer Co. Ltd. |
6,810 | 286,415 | ||||||
# | Towa Corp. |
136,200 | 1,503,446 | |||||
Toyo Corp. |
149,600 | 1,247,650 | ||||||
Transcosmos, Inc. |
115,700 | 3,004,470 | ||||||
# | Tri Chemical Laboratories, Inc. |
154,500 | 1,892,956 | |||||
# | Tsuzuki Denki Co. Ltd. |
42,800 | 367,386 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) | ||||||||
Ubicom Holdings, Inc. |
30,800 | $ | 462,600 | |||||
Uchida Yoko Co. Ltd. |
46,900 | 1,422,456 | ||||||
ULS Group, Inc. |
13,300 | 308,731 | ||||||
Ulvac, Inc. |
218,700 | 7,727,960 | ||||||
# | UNITED, Inc. |
24,200 | 233,609 | |||||
User Local, Inc. |
9,200 | 103,145 | ||||||
# | V Technology Co. Ltd. |
56,900 | 1,007,079 | |||||
# | VINX Corp. |
25,600 | 256,508 | |||||
Wacom Co. Ltd. |
980,900 | 4,803,307 | ||||||
# | Wellnet Corp. |
54,900 | 223,814 | |||||
# | WILLs, Inc. |
34,200 | 152,951 | |||||
WingArc1st, Inc. |
1,400 | 17,711 | ||||||
# | YAC Holdings Co. Ltd. |
59,500 | 496,444 | |||||
Yamaichi Electronics Co. Ltd. |
146,000 | 1,800,539 | ||||||
# | Yashima Denki Co. Ltd. |
119,500 | 785,359 | |||||
YE DIGITAL Corp. |
14,400 | 39,533 | ||||||
Yokowo Co. Ltd. |
111,075 | 1,454,197 | ||||||
|
|
|||||||
TOTAL INFORMATION TECHNOLOGY | 380,069,304 | |||||||
|
|
|||||||
MATERIALS (12.0%) | ||||||||
Achilles Corp. |
80,500 | 723,672 | ||||||
ADEKA Corp. |
508,800 | 7,596,694 | ||||||
Agro-Kanesho Co. Ltd. |
2,300 | 20,757 | ||||||
# | Aica Kogyo Co. Ltd. |
176,200 | 3,816,145 | |||||
Aichi Steel Corp. |
65,365 | 931,768 | ||||||
Arakawa Chemical Industries Ltd. |
106,400 | 721,188 | ||||||
# | Araya Industrial Co. Ltd. |
21,400 | 246,273 | |||||
Asahi Holdings, Inc. |
472,200 | 6,632,054 | ||||||
Asahi Printing Co. Ltd. |
25,700 | 155,022 | ||||||
ASAHI YUKIZAI Corp. |
89,600 | 1,354,454 | ||||||
Asahipen Corp. |
2,100 | 24,666 | ||||||
Asia Pile Holdings Corp. |
210,800 | 701,859 | ||||||
# | C Uyemura & Co. Ltd. |
71,500 | 2,995,729 | |||||
Carlit Holdings Co. Ltd. |
128,900 | 583,220 | ||||||
# | Chuetsu Pulp & Paper Co. Ltd. |
32,800 | 207,445 | |||||
# | Chugoku Marine Paints Ltd. |
323,800 | 1,989,971 | |||||
CI Takiron Corp. |
284,700 | 1,029,240 | ||||||
# | CK-San-Etsu Co. Ltd. |
22,800 | 612,795 | |||||
Dai Nippon Toryo Co. Ltd. |
121,600 | 600,467 | ||||||
Daicel Corp. |
1,446,300 | 8,515,337 | ||||||
Daido Steel Co. Ltd. |
164,600 | 4,004,106 | ||||||
# | Daiichi Kigenso Kagaku-Kogyo Co. Ltd. |
125,200 | 1,053,590 | |||||
Daiken Corp. |
62,200 | 784,798 | ||||||
Daiki Aluminium Industry Co. Ltd. |
177,300 | 1,436,790 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. |
76,800 | 902,095 | ||||||
# | Daio Paper Corp. |
315,700 | 2,532,374 | |||||
Daito Chemix Corp. |
27,200 | 102,738 | ||||||
DIC Corp. |
341,600 | 5,704,289 | ||||||
DKS Co. Ltd. |
47,000 | 621,484 | ||||||
Dynapac Co. Ltd. |
8,500 | 73,943 | ||||||
FP Corp. |
87,200 | 2,139,163 | ||||||
Fuji Seal International, Inc. |
241,828 | 2,560,931 | ||||||
Fujikura Kasei Co. Ltd. |
162,600 | 461,532 | ||||||
Fujimi, Inc. |
76,800 | 3,205,872 | ||||||
Fujimori Kogyo Co. Ltd. |
104,000 | 2,315,754 | ||||||
Fuso Chemical Co. Ltd. |
117,200 | 2,520,236 | ||||||
Geostr Corp. |
57,100 | 113,462 | ||||||
Godo Steel Ltd. |
59,700 | 695,200 | ||||||
# | Gun-Ei Chemical Industry Co. Ltd. |
31,000 | 497,960 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
MATERIALS (Continued) | ||||||||
# | Hakudo Co. Ltd. |
41,600 | $ | 662,959 | ||||
# | Harima Chemicals Group, Inc. |
93,100 | 550,297 | |||||
# | Hodogaya Chemical Co. Ltd. |
43,000 | 861,732 | |||||
# | Hokkan Holdings Ltd. |
58,100 | 507,400 | |||||
Hokko Chemical Industry Co. Ltd. |
115,300 | 720,694 | ||||||
# | Hokuetsu Corp. |
775,199 | 4,038,516 | |||||
Ise Chemicals Corp. |
13,000 | 395,127 | ||||||
# | Ishihara Chemical Co. Ltd. |
72,000 | 618,374 | |||||
Ishihara Sangyo Kaisha Ltd. |
218,650 | 1,544,444 | ||||||
Ishizuka Glass Co. Ltd. |
12,900 | 133,880 | ||||||
Japan Pure Chemical Co. Ltd. |
500 | 7,994 | ||||||
JCU Corp. |
132,700 | 2,692,052 | ||||||
JSP Corp. |
79,400 | 764,001 | ||||||
Kaneka Corp. |
180,600 | 4,510,381 | ||||||
Kanto Denka Kogyo Co. Ltd. |
281,200 | 1,794,757 | ||||||
# | Katakura & Co-op Agri Corp. |
21,500 | 172,066 | |||||
KeePer Technical Laboratory Co. Ltd. |
91,700 | 2,364,030 | ||||||
KEIWA, Inc. |
25,600 | 612,234 | ||||||
# | KH Neochem Co. Ltd. |
227,300 | 4,158,189 | |||||
# | Kimoto Co. Ltd. |
181,500 | 286,309 | |||||
Koatsu Gas Kogyo Co. Ltd. |
185,393 | 799,329 | ||||||
# | Kobe Steel Ltd. |
1,338,485 | 5,366,568 | |||||
# | Kohsoku Corp. |
70,200 | 747,943 | |||||
Konishi Co. Ltd. |
208,800 | 2,244,664 | ||||||
Konoshima Chemical Co. Ltd. |
37,500 | 302,493 | ||||||
Krosaki Harima Corp. |
30,100 | 963,157 | ||||||
Kumiai Chemical Industry Co. Ltd. |
318,187 | 2,244,360 | ||||||
# | Kunimine Industries Co. Ltd. |
41,700 | 230,159 | |||||
Kureha Corp. |
103,950 | 6,373,982 | ||||||
Kurimoto Ltd. |
60,500 | 671,513 | ||||||
Kuriyama Holdings Corp. |
78,000 | 488,765 | ||||||
Kyoei Steel Ltd. |
141,500 | 1,353,431 | ||||||
# | Kyowa Leather Cloth Co. Ltd. |
78,800 | 277,438 | |||||
Lintec Corp. |
265,900 | 4,087,022 | ||||||
Maeda Kosen Co. Ltd. |
118,600 | 2,585,866 | ||||||
Maruichi Steel Tube Ltd. |
204,800 | 4,193,820 | ||||||
MEC Co. Ltd. |
97,900 | 1,504,649 | ||||||
# | Mipox Corp. |
19,600 | 72,956 | |||||
# | Mitani Sekisan Co. Ltd. |
66,000 | 1,580,085 | |||||
# | Mitsubishi Materials Corp. |
340,900 | 4,683,615 | |||||
# * | Mitsubishi Paper Mills Ltd. |
246,400 | 482,869 | |||||
# | Mitsubishi Steel Manufacturing Co. Ltd. |
60,400 | 378,155 | |||||
Mitsui Mining & Smelting Co. Ltd. |
366,200 | 7,683,250 | ||||||
# | Molitec Steel Co. Ltd. |
69,000 | 167,887 | |||||
MORESCO Corp. |
39,800 | 297,180 | ||||||
Moriroku Holdings Co. Ltd. |
13,500 | 157,078 | ||||||
# | Mory Industries, Inc. |
33,200 | 601,090 | |||||
# | Nakayama Steel Works Ltd. |
169,700 | 659,785 | |||||
# | Nasu Denki Tekko Co. Ltd. |
3,000 | 145,924 | |||||
Neturen Co. Ltd. |
217,300 | 963,434 | ||||||
# | New Japan Chemical Co. Ltd. |
111,300 | 192,684 | |||||
# | Nicca Chemical Co. Ltd. |
45,700 | 266,774 | |||||
# | Nichia Steel Works Ltd. |
117,300 | 186,900 | |||||
Nihon Kagaku Sangyo Co. Ltd. |
81,300 | 577,013 | ||||||
# | Nihon Nohyaku Co. Ltd. |
243,500 | 1,421,998 | |||||
Nihon Parkerizing Co. Ltd. |
521,900 | 3,362,792 | ||||||
# * | Nihon Yamamura Glass Co. Ltd. |
58,200 | 229,487 | |||||
# | Nippon Carbide Industries Co., Inc. |
46,200 | 396,160 | |||||
# | Nippon Chemical Industrial Co. Ltd. |
46,300 | 599,101 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
MATERIALS (Continued) | ||||||||
Nippon Concrete Industries Co. Ltd. |
293,100 | $ | 496,929 | |||||
Nippon Denko Co. Ltd. |
687,014 | 1,584,957 | ||||||
# | Nippon Fine Chemical Co. Ltd. |
82,800 | 1,083,896 | |||||
Nippon Kayaku Co. Ltd. |
581,500 | 4,655,867 | ||||||
# | Nippon Light Metal Holdings Co. Ltd. |
369,390 | 3,696,267 | |||||
Nippon Paper Industries Co. Ltd. |
560,900 | 3,646,404 | ||||||
Nippon Pillar Packing Co. Ltd. |
118,500 | 1,870,851 | ||||||
Nippon Shokubai Co. Ltd. |
98,600 | 3,683,280 | ||||||
Nippon Soda Co. Ltd. |
147,700 | 4,494,527 | ||||||
# | Nippon Yakin Kogyo Co. Ltd. |
89,049 | 1,606,650 | |||||
# | Nitta Gelatin, Inc. |
85,500 | 531,358 | |||||
Nittetsu Mining Co. Ltd. |
70,600 | 1,344,556 | ||||||
Nozawa Corp. |
47,500 | 229,717 | ||||||
Oat Agrio Co. Ltd. |
49,200 | 603,037 | ||||||
Okamoto Industries, Inc. |
70,500 | 1,731,675 | ||||||
Okura Industrial Co. Ltd. |
54,600 | 675,293 | ||||||
Osaka Organic Chemical Industry Ltd. |
101,200 | 1,420,606 | ||||||
Osaka Soda Co. Ltd. |
85,499 | 2,248,411 | ||||||
# | Osaka Steel Co. Ltd. |
89,300 | 700,343 | |||||
Pacific Metals Co. Ltd. |
92,999 | 1,399,378 | ||||||
Pack Corp. |
87,200 | 1,335,912 | ||||||
Rasa Industries Ltd. |
44,400 | 684,865 | ||||||
Rengo Co. Ltd. |
980,600 | 5,709,954 | ||||||
Riken Technos Corp. |
231,800 | 806,216 | ||||||
Sakai Chemical Industry Co. Ltd. |
86,300 | 1,117,601 | ||||||
Sakata INX Corp. |
263,400 | 1,780,977 | ||||||
Sanyo Chemical Industries Ltd. |
85,200 | 2,579,617 | ||||||
# | Sanyo Special Steel Co. Ltd. |
127,360 | 1,645,148 | |||||
Seiko PMC Corp. |
72,600 | 263,524 | ||||||
Sekisui Kasei Co. Ltd. |
150,000 | 412,725 | ||||||
Shikoku Chemicals Corp. |
226,800 | 1,922,732 | ||||||
Shinagawa Refractories Co. Ltd. |
35,900 | 931,014 | ||||||
Shin-Etsu Polymer Co. Ltd. |
283,900 | 2,351,578 | ||||||
SK Kaken Co. Ltd. |
1,300 | 347,818 | ||||||
Soken Chemical & Engineering Co. Ltd. |
48,400 | 618,586 | ||||||
Stella Chemifa Corp. |
64,600 | 1,123,127 | ||||||
Sumitomo Bakelite Co. Ltd. |
194,100 | 5,317,240 | ||||||
# | Sumitomo Osaka Cement Co. Ltd. |
212,499 | 4,802,961 | |||||
Sumitomo Seika Chemicals Co. Ltd. |
56,400 | 1,165,633 | ||||||
# | T Hasegawa Co. Ltd. |
172,200 | 3,565,636 | |||||
# | T&K Toka Co. Ltd. |
128,100 | 780,632 | |||||
Taiheiyo Cement Corp. |
391,900 | 5,534,176 | ||||||
Taisei Lamick Co. Ltd. |
36,900 | 698,394 | ||||||
Taiyo Holdings Co. Ltd. |
229,200 | 3,802,873 | ||||||
Takasago International Corp. |
83,900 | 1,540,090 | ||||||
Takemoto Yohki Co. Ltd. |
43,800 | 227,885 | ||||||
# * | Tanaka Chemical Corp. |
13,400 | 136,259 | |||||
# | Taoka Chemical Co. Ltd. |
23,500 | 134,032 | |||||
Tayca Corp. |
97,400 | 828,960 | ||||||
Teijin Ltd. |
109,300 | 1,059,909 | ||||||
Tenma Corp. |
111,300 | 1,469,031 | ||||||
# | Titan Kogyo Ltd. |
5,100 | 55,727 | |||||
Toagosei Co. Ltd. |
700,600 | 5,230,375 | ||||||
# * | Toda Kogyo Corp. |
4,300 | 77,789 | |||||
# | Toho Acetylene Co. Ltd. |
12,700 | 94,422 | |||||
Toho Chemical Industry Co. Ltd. |
47,000 | 156,494 | ||||||
# | Toho Titanium Co. Ltd. |
215,600 | 3,525,779 | |||||
Toho Zinc Co. Ltd. |
88,099 | 1,319,616 | ||||||
Tohoku Steel Co. Ltd. |
16,300 | 177,404 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
MATERIALS (Continued) | ||||||||
Tokai Carbon Co. Ltd. |
948,800 | $ | 6,429,764 | |||||
# | Tokushu Tokai Paper Co. Ltd. |
59,158 | 1,207,277 | |||||
# | Tokuyama Corp. |
380,397 | 4,582,214 | |||||
Tokyo Ohka Kogyo Co. Ltd. |
4,200 | 175,247 | ||||||
Tokyo Printing Ink Manufacturing Co. Ltd. |
10,200 | 162,646 | ||||||
# | Tokyo Rope Manufacturing Co. Ltd. |
46,000 | 271,240 | |||||
Tokyo Steel Manufacturing Co. Ltd. |
569,500 | 4,985,505 | ||||||
Tokyo Tekko Co. Ltd. |
61,900 | 558,127 | ||||||
Tomoku Co. Ltd. |
70,600 | 694,248 | ||||||
Topy Industries Ltd. |
94,400 | 945,344 | ||||||
# | Toyo Gosei Co. Ltd. |
31,100 | 1,361,236 | |||||
Toyo Ink SC Holdings Co. Ltd. |
233,400 | 3,068,557 | ||||||
Toyobo Co. Ltd. |
511,000 | 3,665,363 | ||||||
# | TYK Corp. |
148,500 | 264,627 | |||||
UACJ Corp. |
208,841 | 2,880,933 | ||||||
UBE Corp. |
568,600 | 7,594,504 | ||||||
Ultrafabrics Holdings Co. Ltd. |
2,600 | 78,312 | ||||||
Valqua Ltd. |
107,799 | 1,866,017 | ||||||
Vertex Corp. |
126,294 | 1,155,190 | ||||||
Wavelock Holdings Co. Ltd. |
30,900 | 125,468 | ||||||
# | Wood One Co. Ltd. |
37,197 | 266,831 | |||||
Yamato Kogyo Co. Ltd. |
104,100 | 3,154,172 | ||||||
Yodogawa Steel Works Ltd. |
138,500 | 2,273,888 | ||||||
# | Yotai Refractories Co. Ltd. |
115,400 | 1,114,687 | |||||
# | Yushiro Chemical Industry Co. Ltd. |
60,500 | 345,361 | |||||
|
|
|||||||
TOTAL MATERIALS | 310,385,356 | |||||||
|
|
|||||||
REAL ESTATE (1.5%) | ||||||||
# | AD Works Group Co. Ltd. |
47,879 | 50,328 | |||||
# | Airport Facilities Co. Ltd. |
143,970 | 516,851 | |||||
Anabuki Kosan, Inc. |
16,400 | 227,290 | ||||||
Aoyama Zaisan Networks Co. Ltd. |
92,000 | 595,320 | ||||||
Apaman Co. Ltd. |
75,900 | 243,551 | ||||||
Ardepro Co. Ltd. |
7,070 | 19,879 | ||||||
Arealink Co. Ltd. |
31,173 | 378,202 | ||||||
# | B-Lot Co. Ltd. |
25,800 | 95,677 | |||||
Cosmos Initia Co. Ltd. |
93,700 | 324,070 | ||||||
CRE, Inc. |
31,500 | 318,456 | ||||||
# | Dear Life Co. Ltd. |
152,600 | 584,235 | |||||
Goldcrest Co. Ltd. |
102,470 | 1,177,312 | ||||||
Good Com Asset Co. Ltd. |
46,500 | 486,894 | ||||||
Grandy House Corp. |
95,600 | 357,875 | ||||||
Heiwa Real Estate Co. Ltd. |
142,300 | 3,897,747 | ||||||
Ichigo, Inc. |
133,800 | 275,308 | ||||||
# | Japan Property Management Center Co. Ltd. |
86,300 | 601,092 | |||||
JINUSHI Co. Ltd. |
77,900 | 1,069,775 | ||||||
# | JSB Co. Ltd. |
24,700 | 640,195 | |||||
# | Katitas Co. Ltd. |
173,700 | 3,867,296 | |||||
Keihanshin Building Co. Ltd. |
200,200 | 1,687,814 | ||||||
LA Holdings Co. Ltd. |
3,900 | 77,806 | ||||||
* | Leopalace21 Corp. |
526,000 | 1,206,288 | |||||
# | Loadstar Capital KK |
9,200 | 99,776 | |||||
# | Mirainovate Co. Ltd. |
133,040 | 159,487 | |||||
Mugen Estate Co. Ltd. |
64,200 | 202,303 | ||||||
Nisshin Group Holdings Co. Ltd. |
205,500 | 608,993 | ||||||
# | Property Agent, Inc. |
9,200 | 83,515 | |||||
# | Raysum Co. Ltd. |
90,800 | 1,014,608 | |||||
SAMTY Co. Ltd. |
183,150 | 2,850,487 | ||||||
Sankyo Frontier Co. Ltd. |
24,600 | 622,590 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
REAL ESTATE (Continued) | ||||||||
Sansei Landic Co. Ltd. |
29,100 | $ | 165,367 | |||||
Shinoken Group Co. Ltd. |
112,600 | 1,240,939 | ||||||
# * | SRE Holdings Corp. |
11,500 | 249,434 | |||||
Star Mica Holdings Co. Ltd. |
85,900 | 929,760 | ||||||
Starts Corp., Inc. |
211,600 | 3,833,241 | ||||||
# | Sun Frontier Fudousan Co. Ltd. |
187,900 | 1,450,477 | |||||
Sunnexta Group, Inc. |
11,100 | 70,142 | ||||||
Takara Leben Co. Ltd. |
547,800 | 1,454,748 | ||||||
Tenpo Innovation Co. Ltd. |
3,100 | 19,287 | ||||||
# | TOC Co. Ltd. |
296,050 | 1,446,018 | |||||
Tokyo Rakutenchi Co. Ltd. |
19,800 | 538,450 | ||||||
# | Tokyo Theatres Co., Inc. |
47,099 | 378,377 | |||||
Tosei Corp. |
187,900 | 1,799,547 | ||||||
Urbanet Corp. Co. Ltd. |
92,700 | 192,075 | ||||||
|
|
|||||||
TOTAL REAL ESTATE | 38,108,882 | |||||||
|
|
|||||||
UTILITIES (1.6%) | ||||||||
# | EF-ON, Inc. |
88,520 | 391,087 | |||||
eRex Co. Ltd. |
185,100 | 3,545,477 | ||||||
# | Hiroshima Gas Co. Ltd. |
322,200 | 733,426 | |||||
# | Hokkaido Electric Power Co., Inc. |
1,146,900 | 3,594,375 | |||||
Hokkaido Gas Co. Ltd. |
92,600 | 1,014,620 | ||||||
# | Hokuriku Electric Power Co. |
1,060,000 | 3,561,132 | |||||
# | Hokuriku Gas Co. Ltd. |
10,100 | 207,174 | |||||
K&O Energy Group, Inc. |
93,000 | 1,043,211 | ||||||
Nippon Gas Co. Ltd. |
684,000 | 9,741,851 | ||||||
# | Okinawa Electric Power Co., Inc. |
284,216 | 2,075,802 | |||||
* | RENOVA, Inc. |
136,600 | 3,199,714 | |||||
Saibu Gas Holdings Co. Ltd. |
215,600 | 2,582,658 | ||||||
Shikoku Electric Power Co., Inc. |
749,500 | 3,745,650 | ||||||
Shizuoka Gas Co. Ltd. |
319,000 | 2,180,601 | ||||||
# | Toell Co. Ltd. |
57,500 | 295,986 | |||||
# | West Holdings Corp. |
134,903 | 3,855,410 | |||||
|
|
|||||||
TOTAL UTILITIES | 41,768,174 | |||||||
|
|
|||||||
TOTAL COMMON STOCKS |
2,506,193,002 | |||||||
|
|
|||||||
Value | ||||||||
SECURITIES LENDING COLLATERAL (3.0%) | ||||||||
@ § | The DFA Short Term Investment Fund |
6,593,941 | 76,278,705 | |||||
|
|
|||||||
TOTAL INVESTMENTS (100.0%) |
$ | 2,582,471,707 | ||||||
|
|
ST | Special Tax |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
# | Total or Partial Securities on Loan. |
* | Non-Income Producing Securities. |
| See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Summary of the Series investments as of September 30, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | ||||||||||||||||
Communication Services |
| $ | 60,782,726 | | $ | 60,782,726 | ||||||||||
Consumer Discretionary |
| 376,080,215 | | 376,080,215 | ||||||||||||
Consumer Staples |
| 204,170,348 | | 204,170,348 | ||||||||||||
Energy |
| 18,439,448 | | 18,439,448 | ||||||||||||
Financials |
| 227,970,963 | | 227,970,963 | ||||||||||||
Health Care |
| 125,860,844 | | 125,860,844 | ||||||||||||
Industrials |
| 722,556,742 | | 722,556,742 | ||||||||||||
Information Technology |
| 380,069,304 | | 380,069,304 | ||||||||||||
Materials |
| 310,385,356 | | 310,385,356 | ||||||||||||
Real Estate |
| 38,108,882 | | 38,108,882 | ||||||||||||
Utilities |
| 41,768,174 | | 41,768,174 | ||||||||||||
Securities Lending Collateral | | 76,278,705 | | 76,278,705 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL | | $ | 2,582,471,707 | | $ | 2,582,471,707 | ||||||||||
|
|
|
|
|
|
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (98.3%) |
||||||||||
AUSTRALIA (61.8%) |
||||||||||
29Metals Ltd. |
46,048 | $ | 66,489 | |||||||
* |
3P Learning Ltd. |
93,233 | 83,700 | |||||||
* |
4DMedical Ltd. |
44,717 | 16,484 | |||||||
* |
A2B Australia Ltd. |
511,111 | 381,042 | |||||||
Accent Group Ltd. |
2,684,944 | 2,196,648 | ||||||||
* |
ACN Ltd. |
1,687 | 1 | |||||||
Acrow Formwork & Construction Services Ltd. |
271,826 | 85,618 | ||||||||
* |
Actinogen Medical Ltd. |
729,727 | 40,980 | |||||||
# |
Adairs Ltd. |
1,192,185 | 1,380,710 | |||||||
Adbri Ltd. |
2,336,356 | 2,755,328 | ||||||||
# * |
Advance Zinctek Ltd. |
9,653 | 13,196 | |||||||
# * |
Aeris Resources Ltd. |
148,241 | 39,124 | |||||||
* |
Ainsworth Game Technology Ltd. |
557,129 | 308,377 | |||||||
# * |
Alcidion Group Ltd. |
643,486 | 52,752 | |||||||
* |
Alkane Resources Ltd. |
2,927,588 | 1,272,981 | |||||||
# * |
Alliance Aviation Services Ltd. |
423,816 | 839,798 | |||||||
# * |
Alligator Energy Ltd. |
8,107,416 | 284,846 | |||||||
* |
Altech Chemicals Ltd. |
174,277 | 10,372 | |||||||
# * |
AMA Group Ltd. |
6,256,289 | 905,763 | |||||||
* |
AMP Ltd. |
13,200,097 | 9,252,703 | |||||||
* |
Andromeda Metals Ltd. |
1,579,203 | 44,172 | |||||||
# |
Ansell Ltd. |
659,316 | 10,608,628 | |||||||
# * |
Antipa Minerals Ltd. |
2,985,349 | 48,671 | |||||||
Antipa Minerals Ltd. |
282,735 | 4,702 | ||||||||
# |
Appen Ltd. |
755,130 | 1,492,075 | |||||||
# * |
Arafura Resources Ltd. |
10,931,149 | 2,280,679 | |||||||
# |
ARB Corp. Ltd. |
509,352 | 9,049,596 | |||||||
# * |
Archer Materials Ltd. |
514,440 | 255,946 | |||||||
* |
Ardea Resources Ltd. |
132,809 | 75,018 | |||||||
# |
Ardent Leisure Group Ltd. |
3,520,449 | 1,166,182 | |||||||
# * |
Argosy Minerals Ltd. |
1,030,094 | 329,194 | |||||||
* |
Aroa Biosurgery Ltd. |
89,237 | 43,248 | |||||||
AUB Group Ltd. |
762,060 | 9,281,282 | ||||||||
# * |
Audinate Group Ltd. |
143,037 | 660,948 | |||||||
# * |
Aura Energy Ltd. |
259,286 | 51,059 | |||||||
# * |
Aurelia Metals Ltd. |
8,352,759 | 1,062,616 | |||||||
* |
Ausgold Ltd. |
420,326 | 11,245 | |||||||
# * |
Aussie Broadband Ltd. |
795,745 | 1,153,654 | |||||||
Austal Ltd. |
2,416,185 | 3,523,236 | ||||||||
Austin Engineering Ltd. |
548,794 | 115,353 | ||||||||
* |
Australian Agricultural Co. Ltd. |
2,850,244 | 3,128,808 | |||||||
Australian Clinical Labs Ltd. |
193,098 | 436,489 | ||||||||
Australian Ethical Investment Ltd. |
301,621 | 961,450 | ||||||||
Australian Finance Group Ltd. |
1,847,836 | 1,898,230 | ||||||||
# * |
Australian Strategic Materials Ltd. |
565,588 | 842,372 | |||||||
# * |
Australian Vanadium Ltd. |
13,984,327 | 301,977 | |||||||
# |
Australian Vintage Ltd. |
2,809,339 | 1,095,753 | |||||||
* |
Australis Oil & Gas Ltd. |
643,590 | 14,951 | |||||||
# |
Auswide Bank Ltd. |
166,720 | 554,093 | |||||||
* |
Auteco Minerals Ltd. |
247,992 | 6,707 | |||||||
# |
AVJennings Ltd. |
5,407,981 | 1,456,188 | |||||||
# * |
AVZ Minerals Ltd. |
263,719 | 110,604 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
||||||||||
* |
Azure Minerals Ltd. |
24,167 | $ | 2,647 | ||||||
# |
Baby Bunting Group Ltd. |
813,374 | 1,962,252 | |||||||
# * |
Bannerman Energy Ltd. |
95,393 | 122,391 | |||||||
Bapcor Ltd. |
2,227,045 | 8,694,075 | ||||||||
Base Resources Ltd. |
1,712,813 | 311,088 | ||||||||
* |
BCI Minerals Ltd. |
2,716,101 | 393,281 | |||||||
Beach Energy Ltd. |
9,197,272 | 8,832,394 | ||||||||
Beacon Lighting Group Ltd. |
447,480 | 550,226 | ||||||||
Beacon Minerals Ltd. |
2,446,902 | 38,742 | ||||||||
Bega Cheese Ltd. |
1,973,378 | 4,365,602 | ||||||||
# |
Bell Financial Group Ltd. |
734,391 | 475,701 | |||||||
# * |
Bellevue Gold Ltd. |
6,927,489 | 3,292,575 | |||||||
* |
Berkeley Energia Ltd. |
37,692 | 6,539 | |||||||
# * |
Betmakers Technology Group Ltd. |
2,208,905 | 441,753 | |||||||
Bgv1nyp |
512,124 | 31,775 | ||||||||
# * |
Bigtincan Holdings Ltd. |
1,280,517 | 438,142 | |||||||
* |
Bionomics Ltd. |
160,677 | 5,336 | |||||||
# * |
Black Rock Mining Ltd. |
2,860,513 | 273,903 | |||||||
Blackmores Ltd. |
101,297 | 4,084,997 | ||||||||
* |
Blackstone Minerals Ltd. |
110,079 | 12,271 | |||||||
# |
Boral Ltd. |
1,411,795 | 2,406,497 | |||||||
* |
Boss Energy Ltd. |
298,324 | 498,877 | |||||||
* |
Botanix Pharmaceuticals Ltd. |
688,967 | 27,516 | |||||||
# * |
Bowen Coking Coal Ltd. |
383,135 | 86,365 | |||||||
# |
Bravura Solutions Ltd. |
1,665,994 | 1,307,387 | |||||||
# |
Breville Group Ltd. |
652,020 | 7,522,860 | |||||||
Brickworks Ltd. |
469,394 | 6,464,396 | ||||||||
# * |
Bubs Australia Ltd. |
968,640 | 308,259 | |||||||
* |
Buru Energy Ltd. |
713,223 | 47,672 | |||||||
# |
BWX Ltd. |
1,255,210 | 505,824 | |||||||
* |
Byron Energy Ltd. |
275,427 | 22,795 | |||||||
* |
Calidus Resources Ltd. |
1,265,624 | 441,454 | |||||||
* |
Calima Energy Ltd. |
1,950,890 | 137,931 | |||||||
# * |
Calix Ltd. |
364,636 | 1,345,481 | |||||||
Capitol Health Ltd. |
5,725,035 | 1,150,643 | ||||||||
Capral Ltd. |
57,850 | 266,395 | ||||||||
* |
Capricorn Metals Ltd. |
2,026,381 | 3,879,526 | |||||||
* |
Carbon Revolution Ltd. |
173,560 | 22,824 | |||||||
# * |
Carnarvon Energy Ltd. |
7,925,626 | 784,403 | |||||||
# |
Cash Converters International Ltd. |
2,819,818 | 414,206 | |||||||
# * |
Catapult Group International Ltd. |
510,098 | 269,725 | |||||||
|
CDS Technologies Ltd. |
13,276 | 0 | |||||||
Cedar Woods Properties Ltd. |
454,649 | 1,161,823 | ||||||||
* |
Central Petroleum Ltd. |
759,474 | 41,587 | |||||||
|
Centrebet International Ltd. |
162,672 | 0 | |||||||
* |
Chalice Mining Ltd. |
1,281,375 | 3,204,943 | |||||||
* |
Challenger Exploration Ltd. |
103,805 | 10,215 | |||||||
Challenger Ltd. |
927,627 | 3,474,972 | ||||||||
Champion Iron Ltd. |
1,940,027 | 6,029,100 | ||||||||
# * |
City Chic Collective Ltd. |
1,254,668 | 1,043,282 | |||||||
* |
Clean Seas Seafood Ltd. |
247,494 | 90,025 | |||||||
ClearView Wealth Ltd. |
156,351 | 57,788 | ||||||||
# |
Clinuvel Pharmaceuticals Ltd. |
254,660 | 3,020,670 | |||||||
# |
Clover Corp. Ltd. |
757,373 | 607,542 | |||||||
# * |
Cobalt Blue Holdings Ltd. |
650,479 | 293,722 | |||||||
Codan Ltd. |
663,689 | 2,400,881 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
||||||||||
COG Financial Services Ltd. |
10,563 | $ | 10,798 | |||||||
# * |
Cogstate Ltd. |
261,421 | 359,687 | |||||||
* |
Collection House Ltd. |
428,104 | 0 | |||||||
Collins Foods Ltd. |
803,502 | 4,464,876 | ||||||||
* |
Comet Ridge Ltd. |
1,055,453 | 111,049 | |||||||
* |
Cooper Energy Ltd. |
18,980,627 | 3,115,503 | |||||||
# * |
Core Lithium Ltd. |
756,237 | 534,518 | |||||||
# |
Corporate Travel Management Ltd. |
706,149 | 7,545,835 | |||||||
Costa Group Holdings Ltd. |
2,781,429 | 4,000,276 | ||||||||
# |
Credit Corp. Group Ltd. |
455,264 | 5,015,891 | |||||||
* |
Creso Pharma Ltd. |
39,292 | 774 | |||||||
CSR Ltd. |
3,109,441 | 8,861,040 | ||||||||
* |
Cynata Therapeutics Ltd. |
111,132 | 22,132 | |||||||
# * |
Dacian Gold Ltd. |
1,423,438 | 81,366 | |||||||
* |
Danakali Ltd. |
693,690 | 115,367 | |||||||
Data#3 Ltd. |
1,162,707 | 4,622,240 | ||||||||
# * |
De Grey Mining Ltd. |
6,719,690 | 4,439,941 | |||||||
# * |
Deep Yellow Ltd. |
2,018,775 | 1,028,598 | |||||||
Deterra Royalties Ltd. |
2,373,146 | 6,098,884 | ||||||||
Dicker Data Ltd. |
424,676 | 2,776,364 | ||||||||
Domain Holdings Australia Ltd. |
1,676,821 | 3,450,981 | ||||||||
Downer EDI Ltd. |
3,114,741 | 9,110,629 | ||||||||
# * |
Dreadnought Resources Ltd. |
7,262,887 | 445,779 | |||||||
# |
Eagers Automotive Ltd. |
941,185 | 6,612,287 | |||||||
Earlypay Ltd. |
954,863 | 267,978 | ||||||||
* |
Eclipx Group Ltd. |
2,460,384 | 3,489,903 | |||||||
* |
Ecofibre Ltd. |
37,420 | 5,488 | |||||||
# * |
Ecograf Ltd. |
1,581,731 | 320,514 | |||||||
Elanor Investor Group |
444,530 | 477,665 | ||||||||
Elders Ltd. |
1,009,369 | 7,702,572 | ||||||||
# * |
Electro Optic Systems Holdings Ltd. |
224,826 | 75,590 | |||||||
* |
Elementos Ltd. |
135,772 | 25,014 | |||||||
# * |
Elevate Uranium Ltd. |
172,343 | 51,985 | |||||||
# * |
Elixir Energy Ltd. |
2,250,692 | 231,867 | |||||||
# * |
Elmo Software Ltd. |
107,791 | 153,254 | |||||||
# |
Emeco Holdings Ltd. |
2,400,372 | 1,276,167 | |||||||
# * |
Emerald Resources NL |
448,151 | 309,015 | |||||||
# * |
EML Payments Ltd. |
1,986,286 | 1,002,654 | |||||||
Enero Group Ltd. |
280,272 | 519,026 | ||||||||
# * |
EnviroSuite Ltd. |
1,131,191 | 86,433 | |||||||
EQT Holdings Ltd. |
168,852 | 2,670,464 | ||||||||
Estia Health Ltd. |
1,635,384 | 2,063,565 | ||||||||
Eureka Group Holdings Ltd. |
28,507 | 10,136 | ||||||||
# * |
European Lithium Ltd. |
3,882,196 | 187,930 | |||||||
Euroz Hartleys Group Ltd. |
357,406 | 296,345 | ||||||||
* |
EVENT Hospitality & Entertainment Ltd. |
630,834 | 5,260,264 | |||||||
* |
Experience Co. Ltd. |
102,579 | 13,077 | |||||||
# |
Fenix Resources Ltd. |
735,489 | 114,876 | |||||||
Finbar Group Ltd. |
337,695 | 141,754 | ||||||||
# * |
Firefinch Ltd. |
1,569,275 | 150,568 | |||||||
Fleetwood Ltd. |
654,067 | 609,263 | ||||||||
# * |
Flight Centre Travel Group Ltd. |
698,758 | 6,326,389 | |||||||
* |
Fluence Corp. Ltd. |
116,395 | 14,892 | |||||||
# * |
Frontier Digital Ventures Ltd. |
1,022,562 | 414,666 | |||||||
# * |
FYI Resources Ltd. |
452,463 | 41,607 | |||||||
G8 Education Ltd. |
5,687,070 | 3,490,577 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
||||||||||
# * |
Galan Lithium Ltd. |
1,898,925 | $ | 1,443,221 | ||||||
* |
Gascoyne Resources Ltd. |
160,800 | 26,452 | |||||||
# * |
Genetic Signatures Ltd. |
171,373 | 96,480 | |||||||
# * |
Genex Power Ltd. |
1,098,842 | 150,405 | |||||||
Genworth Mortgage Insurance Australia Ltd. |
2,681,235 | 4,671,029 | ||||||||
Gold Road Resources Ltd. |
7,547,997 | 6,140,724 | ||||||||
GR Engineering Services Ltd. |
274,342 | 368,034 | ||||||||
GrainCorp Ltd., Class A |
1,517,016 | 7,631,086 | ||||||||
# |
Grange Resources Ltd. |
3,909,204 | 1,751,836 | |||||||
# * |
Greenland Minerals Ltd. |
1,881,748 | 59,821 | |||||||
GTN Ltd. |
15,394 | 4,287 | ||||||||
GUD Holdings Ltd. |
1,090,319 | 5,172,733 | ||||||||
GWA Group Ltd. |
1,523,752 | 1,858,404 | ||||||||
Hansen Technologies Ltd. |
1,275,251 | 3,613,046 | ||||||||
* |
Hastings Technology Metals Ltd. |
47,457 | 104,739 | |||||||
Healius Ltd. |
3,615,657 | 7,777,795 | ||||||||
Healthia Ltd. |
131,677 | 122,911 | ||||||||
* |
Helios Energy Ltd. |
817,342 | 43,343 | |||||||
# |
Helloworld Travel Ltd. |
51,370 | 61,807 | |||||||
* |
Highfield Resources Ltd. |
512,345 | 251,408 | |||||||
* |
Hillgrove Resources Ltd. |
391,399 | 10,085 | |||||||
* |
Hipages Group Holdings Ltd. |
10,335 | 8,927 | |||||||
* |
Horizon Oil Ltd. |
1,778,410 | 168,145 | |||||||
Hot Chili Ltd. |
169,686 | 98,771 | ||||||||
HT&E Ltd. |
1,709,119 | 1,317,931 | ||||||||
# |
HUB24 Ltd. |
461,678 | 6,165,929 | |||||||
# |
Humm Group Ltd. |
2,394,040 | 685,667 | |||||||
Iluka Resources Ltd. |
949,347 | 5,496,153 | ||||||||
Image Resources NL |
946,902 | 78,051 | ||||||||
Imdex Ltd. |
2,704,064 | 3,067,151 | ||||||||
# * |
Immutep Ltd. |
1,539,907 | 239,273 | |||||||
* |
Immutep Ltd., Sponsored ADR |
4,516 | 7,045 | |||||||
# * |
ImpediMed Ltd. |
417,437 | 16,673 | |||||||
Infomedia Ltd. |
3,087,927 | 2,314,054 | ||||||||
# |
Inghams Group Ltd. |
3,281,221 | 4,994,362 | |||||||
Insignia Financial Ltd. |
3,939,870 | 7,447,846 | ||||||||
Integral Diagnostics Ltd. |
1,567,781 | 2,777,219 | ||||||||
# * |
Integrated Research Ltd. |
566,516 | 140,341 | |||||||
* |
Investigator Resources Ltd. |
686,170 | 18,493 | |||||||
# * |
Invictus Energy Ltd. |
160,419 | 18,871 | |||||||
# |
InvoCare Ltd. |
921,115 | 5,961,520 | |||||||
# * |
ioneer Ltd. |
10,310,733 | 4,145,345 | |||||||
IPH Ltd. |
1,331,405 | 8,101,322 | ||||||||
IRESS Ltd. |
1,215,703 | 6,933,177 | ||||||||
IVE Group Ltd. |
628,751 | 899,862 | ||||||||
# * |
Jervois Global Ltd. |
291,514 | 95,744 | |||||||
Johns Lyng Group Ltd. |
1,066,692 | 4,283,065 | ||||||||
Jumbo Interactive Ltd. |
208,843 | 1,592,694 | ||||||||
# |
Jupiter Mines Ltd. |
5,672,731 | 698,328 | |||||||
* |
Karoon Energy Ltd. |
4,257,466 | 4,987,008 | |||||||
Kelly Partners Group Holdings Ltd. |
3,572 | 11,396 | ||||||||
Kelsian Group Ltd. |
598,234 | 1,854,898 | ||||||||
* |
KGL Resources Ltd. |
310,205 | 56,630 | |||||||
* |
Kingsgate Consolidated Ltd. |
355,002 | 357,261 | |||||||
* |
Koba Resources Ltd. |
34,188 | 2,756 | |||||||
# * |
Kogan.com Ltd. |
468,030 | 901,551 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
# * |
Lake Resources NL |
2,607,188 | $ | 1,471,293 | ||||||
# * |
Lark Distilling Co. Ltd. |
65,368 | 88,435 | |||||||
|
Lednium Technology Pty. Ltd. |
195,019 | 0 | |||||||
# * |
Legend Mining Ltd. |
2,176,273 | 53,879 | |||||||
* |
Leo Lithium Ltd. |
1,120,910 | 392,039 | |||||||
# * |
Lepidico Ltd. |
2,895,993 | 40,433 | |||||||
Lifestyle Communities Ltd. |
575,377 | 5,574,081 | ||||||||
Link Administration Holdings Ltd. |
2,206,818 | 4,019,698 | ||||||||
* |
Lithium Australia Ltd. |
423,984 | 15,146 | |||||||
# * |
Lithium Power International Ltd. |
304,819 | 103,177 | |||||||
Lithium Power International Ltd. |
36,643 | 12,657 | ||||||||
Lovisa Holdings Ltd. |
342,220 | 4,631,189 | ||||||||
* |
Lucapa Diamond Co. Ltd. |
2,713,021 | 99,910 | |||||||
Lycopodium Ltd. |
64,242 | 280,537 | ||||||||
MA Financial Group Ltd. |
416,136 | 1,022,438 | ||||||||
# |
Maas Group Holdings Ltd. |
79,536 | 160,260 | |||||||
MACA Ltd. |
2,234,593 | 1,541,908 | ||||||||
# * |
Mach7 Technologies Ltd. |
42,643 | 14,580 | |||||||
Macmahon Holdings Ltd. |
5,829,463 | 555,284 | ||||||||
* |
Macquarie Telecom Group Ltd. |
21,478 | 816,832 | |||||||
Mader Group Ltd. |
59,629 | 111,756 | ||||||||
# |
Magellan Financial Group Ltd. |
183,489 | 1,309,043 | |||||||
* |
Maggie Beer Holdings Ltd. |
243,446 | 46,215 | |||||||
# * |
Magnetite Mines Ltd. |
2,125,737 | 34,185 | |||||||
Magnetite Mines Ltd. |
10,628,685 | 0 | ||||||||
|
Mallee Resources Ltd. |
49,486 | 13,294 | |||||||
MaxiPARTS Ltd. |
87,262 | 120,357 | ||||||||
# * |
Mayne Pharma Group Ltd. |
9,684,322 | 1,696,701 | |||||||
McMillan Shakespeare Ltd. |
540,444 | 4,448,019 | ||||||||
McPhersons Ltd. |
653,702 | 323,510 | ||||||||
# * |
Medical Developments International Ltd. |
167,262 | 179,951 | |||||||
Medical Developments International Ltd. |
14,544 | 15,629 | ||||||||
# * |
Megaport Ltd. |
442,031 | 2,162,823 | |||||||
* |
Mesoblast Ltd. |
2,382,780 | 1,175,518 | |||||||
# * |
Metals X Ltd. |
4,781,629 | 806,713 | |||||||
Metcash Ltd. |
3,274,510 | 8,135,877 | ||||||||
# |
Michael Hill International Ltd. |
1,522,713 | 1,119,658 | |||||||
* |
Micro-X Ltd. |
261,656 | 27,598 | |||||||
* |
Mincor Resources NL |
2,114,630 | 2,472,778 | |||||||
* |
MMA Offshore Ltd. |
1,648,627 | 726,062 | |||||||
Monadelphous Group Ltd. |
696,927 | 5,783,514 | ||||||||
Monash IVF Group Ltd. |
2,151,885 | 1,240,614 | ||||||||
Money3 Corp. Ltd. |
1,348,356 | 1,558,831 | ||||||||
* |
MoneyMe Ltd. |
73,889 | 16,925 | |||||||
* |
Morning Star Gold NL |
332,749 | 0 | |||||||
MotorCycle Holdings Ltd. |
109,445 | 174,225 | ||||||||
# * |
Mount Gibson Iron Ltd. |
4,569,374 | 1,192,982 | |||||||
Myer Holdings Ltd. |
5,293,540 | 1,972,261 | ||||||||
MyState Ltd. |
744,487 | 1,814,240 | ||||||||
# * |
Nanosonics Ltd. |
1,618,777 | 3,569,986 | |||||||
National Tyre & Wheel Ltd. |
97,940 | 45,179 | ||||||||
# * |
Navarre Minerals Ltd. |
1,777,444 | 50,803 | |||||||
Navigator Global Investments Ltd. |
1,109,167 | 796,420 | ||||||||
* |
Nearmap Ltd. |
3,659,647 | 4,675,527 | |||||||
# * |
Neometals Ltd. |
1,542,276 | 1,107,177 | |||||||
Netwealth Group Ltd. |
741,359 | 5,739,383 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
||||||||||
* |
Neurizer Ltd. |
522,952 | $ | 45,500 | ||||||
# * |
New Century Resources Ltd. |
163,453 | 110,953 | |||||||
New Energy Solar |
35,136 | 21,441 | ||||||||
# |
New Hope Corp. Ltd. |
2,727,014 | 11,015,762 | |||||||
* |
New World Resources Ltd. |
3,157,128 | 66,103 | |||||||
nib holdings Ltd. |
2,870,292 | 13,795,616 | ||||||||
# |
Nick Scali Ltd. |
463,216 | 2,734,480 | |||||||
# |
Nickel Industries Ltd. |
5,750,030 | 2,902,933 | |||||||
Nine Entertainment Co. Holdings Ltd. |
973,314 | 1,167,385 | ||||||||
# * |
Nitro Software Ltd. |
166,147 | 169,018 | |||||||
# * |
Norwest Energy NL |
1,011,292 | 29,147 | |||||||
# * |
Nova Minerals Ltd. |
108,288 | 43,954 | |||||||
* |
Novonix Ltd. |
505,440 | 560,945 | |||||||
# * |
Noxopharm Ltd. |
180,445 | 20,678 | |||||||
NRW Holdings Ltd. |
3,407,843 | 5,190,248 | ||||||||
Nufarm Ltd. |
2,019,407 | 6,471,363 | ||||||||
Objective Corp. Ltd. |
88,201 | 738,190 | ||||||||
* |
OFX Group Ltd. |
2,016,311 | 3,246,461 | |||||||
# |
OM Holdings Ltd. |
676,887 | 265,110 | |||||||
# * |
Omni Bridgeway Ltd. |
2,355,720 | 5,628,510 | |||||||
oOh!media Ltd. |
3,377,627 | 2,639,371 | ||||||||
# * |
Opthea Ltd. |
1,338,240 | 1,004,710 | |||||||
* |
Ora Banda Mining Ltd. |
734,777 | 28,168 | |||||||
* |
OreCorp Ltd. |
192,088 | 44,431 | |||||||
Orora Ltd. |
5,992,474 | 11,552,557 | ||||||||
Pacific Current Group Ltd. |
333,540 | 1,558,404 | ||||||||
# * |
Pacific Smiles Group Ltd. |
272,678 | 259,481 | |||||||
Pact Group Holdings Ltd. |
1,337,110 | 1,152,012 | ||||||||
# * |
Paladin Energy Ltd. |
16,033,988 | 7,562,939 | |||||||
* |
Panoramic Resources Ltd. |
10,364,998 | 1,273,631 | |||||||
* |
Pantoro Ltd. |
4,603,506 | 477,437 | |||||||
# * |
Paradigm Biopharmaceuticals Ltd. |
47,760 | 38,493 | |||||||
Paragon Care Ltd. |
335,469 | 70,481 | ||||||||
Peak Resources Ltd. |
22,422 | 6,239 | ||||||||
Peet Ltd. |
1,364,417 | 934,713 | ||||||||
# |
Pendal Group Ltd. |
2,058,779 | 5,926,923 | |||||||
# * |
Peninsula Energy Ltd. |
3,332,209 | 343,837 | |||||||
PeopleIN Ltd. |
464,037 | 911,840 | ||||||||
Pepper Money Ltd. |
217,431 | 192,769 | ||||||||
Perenti Global Ltd. |
5,379,892 | 3,165,156 | ||||||||
# |
Perpetual Ltd. |
376,124 | 5,684,336 | |||||||
Perseus Mining Ltd. |
8,114,950 | 7,894,495 | ||||||||
* |
PEXA Group Ltd. |
6,091 | 52,358 | |||||||
# |
Pinnacle Investment Management Group Ltd. |
728,704 | 3,863,914 | |||||||
Platinum Asset Management Ltd. |
2,438,339 | 2,653,574 | ||||||||
* |
Podium Minerals Ltd. |
245,537 | 20,347 | |||||||
# * |
PointsBet Holdings Ltd. |
340,283 | 400,481 | |||||||
# * |
PolyNovo Ltd. |
1,017,732 | 837,300 | |||||||
* |
Poseidon Nickel Ltd. |
12,683,800 | 364,177 | |||||||
# * |
PPK Group Ltd. |
22,761 | 21,045 | |||||||
PPK Mining Equipment Group Pty Ltd. |
22,761 | 0 | ||||||||
# |
Praemium Ltd. |
2,977,411 | 1,268,832 | |||||||
# * |
Predictive Discovery Ltd. |
1,997,557 | 237,599 | |||||||
Premier Investments Ltd. |
410,666 | 5,916,092 | ||||||||
# * |
Prescient Therapeutics Ltd. |
430,367 | 48,720 | |||||||
# |
Probiotec Ltd. |
78,596 | 110,273 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Propel Funeral Partners Ltd. |
176,560 | $ | 530,778 | |||||||
* |
Prophecy International Holdings Ltd. |
24,007 | 12,566 | |||||||
# * |
Province Resources Ltd. |
889,179 | 45,375 | |||||||
PSC Insurance Group Ltd. |
254,780 | 779,698 | ||||||||
* |
PTB Group Ltd. |
96,597 | 97,492 | |||||||
# |
PWR Holdings Ltd. |
592,023 | 3,205,103 | |||||||
# * |
PYC Therapeutics Ltd. |
389,981 | 17,265 | |||||||
QANTM Intellectual Property Ltd. |
112,211 | 70,416 | ||||||||
Ramelius Resources Ltd. |
5,686,438 | 2,591,754 | ||||||||
* |
ReadyTech Holdings Ltd. |
260,516 | 474,660 | |||||||
Reckon Ltd. |
391,834 | 281,006 | ||||||||
* |
Red 5 Ltd. |
16,129,715 | 1,960,301 | |||||||
# * |
Red Dirt Metals Ltd. |
39,345 | 16,290 | |||||||
* |
Red River Resources Ltd. |
480,964 | 24,420 | |||||||
# * |
Redbubble Ltd. |
1,256,028 | 502,169 | |||||||
Regal Partners Ltd. |
9,488 | 15,456 | ||||||||
# |
Regis Healthcare Ltd. |
1,048,714 | 1,147,842 | |||||||
# |
Regis Resources Ltd. |
4,621,940 | 4,605,845 | |||||||
# * |
Reject Shop Ltd. |
182,840 | 482,904 | |||||||
Reliance Worldwide Corp. Ltd. |
4,119,649 | 8,963,678 | ||||||||
# * |
Renascor Resources Ltd. |
727,091 | 84,848 | |||||||
# |
Resimac Group Ltd. |
124,613 | 77,933 | |||||||
# * |
Resolute Mining Ltd. |
7,380,066 | 989,752 | |||||||
* |
Retail Food Group Ltd. |
12,168,489 | 412,382 | |||||||
* |
Rex Minerals Ltd. |
142,808 | 19,186 | |||||||
Ridley Corp. Ltd. |
1,958,399 | 2,558,830 | ||||||||
* |
RPMGlobal Holdings Ltd. |
1,103,233 | 1,072,762 | |||||||
# * |
Rumble Resources Ltd. |
178,014 | 28,232 | |||||||
* |
Salmat Ltd. |
667,137 | 0 | |||||||
Sandfire Resources Ltd. |
2,800,720 | 6,691,502 | ||||||||
* |
SciDev Ltd. |
144,186 | 26,088 | |||||||
# |
Select Harvests Ltd. |
865,608 | 2,912,150 | |||||||
# |
Servcorp Ltd. |
348,243 | 735,607 | |||||||
Service Stream Ltd. |
4,084,976 | 1,773,227 | ||||||||
* |
Seven West Media Ltd. |
6,816,169 | 1,791,391 | |||||||
SG Fleet Group Ltd. |
639,084 | 820,590 | ||||||||
Shaver Shop Group Ltd. |
677,094 | 467,679 | ||||||||
* |
Sheffield Resources Ltd. |
249,376 | 64,574 | |||||||
Shine Justice Ltd. |
59,739 | 46,097 | ||||||||
Shriro Holdings Ltd. |
24,206 | 10,699 | ||||||||
* |
Sierra Rutile Holdings Ltd. |
1,588,118 | 213,326 | |||||||
Sigma Healthcare Ltd. |
6,618,255 | 2,819,422 | ||||||||
# * |
Silex Systems Ltd. |
80,327 | 151,281 | |||||||
* |
Silver Lake Resources Ltd. |
5,791,755 | 4,342,241 | |||||||
# * |
Silver Mines Ltd. |
3,864,903 | 402,192 | |||||||
Sims Ltd. |
1,106,977 | 9,462,030 | ||||||||
SmartGroup Corp. Ltd. |
905,773 | 2,897,120 | ||||||||
* |
SomnoMed Ltd. |
25,160 | 23,380 | |||||||
Southern Cross Electrical Engineering Ltd. |
818,070 | 340,471 | ||||||||
# |
Southern Cross Media Group Ltd. |
1,561,488 | 920,162 | |||||||
* |
Speedcast International Ltd. |
1,497,915 | 0 | |||||||
* |
Splitit Ltd. |
84,457 | 7,260 | |||||||
SRG Global Ltd. |
772,940 | 328,737 | ||||||||
* |
St Barbara Ltd. |
5,695,784 | 2,685,366 | |||||||
* |
Star Entertainment Group Ltd. |
5,556,810 | 9,172,658 | |||||||
# * |
Starpharma Holdings Ltd. |
262,161 | 105,130 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Steadfast Group Ltd. |
500,976 | $ | 1,489,630 | |||||||
* |
Strickland Metals Ltd. |
299,807 | 7,662 | |||||||
# * |
Strike Energy Ltd. |
6,153,921 | 969,217 | |||||||
Strike Energy Ltd. |
373,188 | 58,484 | ||||||||
# |
Sunland Group Ltd. |
1,125,311 | 1,682,940 | |||||||
* |
Sunrise Energy Metals Ltd. |
8,693 | 13,449 | |||||||
# * |
Sunstone Metals Ltd. |
7,298,573 | 166,807 | |||||||
# |
Super Retail Group Ltd. |
1,057,351 | 6,013,279 | |||||||
# * |
Superloop Ltd. |
2,277,154 | 958,988 | |||||||
Symbio Holdings Ltd. |
318,710 | 646,492 | ||||||||
# * |
Syrah Resources Ltd. |
4,792,786 | 4,980,254 | |||||||
Tabcorp Holdings Ltd. |
4,742,690 | 2,844,109 | ||||||||
Tassal Group Ltd. |
1,531,815 | 5,067,972 | ||||||||
Technology One Ltd. |
1,376,564 | 9,291,959 | ||||||||
# * |
Temple & Webster Group Ltd. |
540,805 | 1,704,028 | |||||||
Ten Sixty Four Ltd. |
1,044,721 | 427,326 | ||||||||
Terracom Ltd. |
1,738,781 | 1,130,334 | ||||||||
* |
Tesserent Ltd. |
322,736 | 21,693 | |||||||
* |
Tietto Minerals Ltd. |
498,494 | 137,405 | |||||||
Tribune Resources Ltd. |
14,725 | 35,018 | ||||||||
# * |
Tyro Payments Ltd. |
2,067,445 | 1,695,762 | |||||||
United Malt Grp Ltd. |
1,793,689 | 3,595,279 | ||||||||
# |
Universal Store Holdings Ltd. |
19,109 | 57,639 | |||||||
|
Virgin Australia Holdings Pty. Ltd. |
7,648,897 | 0 | |||||||
Vita Group Ltd. |
374,239 | 28,851 | ||||||||
# * |
Vital Metals Ltd. |
246,694 | 5,109 | |||||||
W |
Viva Energy Group Ltd. |
3,776,327 | 6,343,678 | |||||||
# * |
Viva Leisure Ltd. |
84,215 | 60,905 | |||||||
* |
Vmoto Ltd. |
267,457 | 66,993 | |||||||
# * |
Volpara Health Technologies Ltd. |
225,102 | 79,759 | |||||||
# * |
VRX Silica Ltd. |
1,325,475 | 123,577 | |||||||
# * |
Wagners Holding Co. Ltd. |
137,096 | 70,236 | |||||||
* |
Walkabout Resources Ltd. |
1,129,282 | 116,478 | |||||||
# * |
Warrego Energy Ltd. |
86,865 | 7,727 | |||||||
# * |
Webjet Ltd. |
2,329,981 | 7,069,839 | |||||||
* |
West African Resources Ltd. |
6,322,943 | 4,222,205 | |||||||
* |
Westgold Resources Ltd. |
3,170,864 | 1,692,139 | |||||||
# * |
Whispir Ltd. |
121,430 | 54,903 | |||||||
Whitehaven Coal Ltd. |
3,623,702 | 21,024,189 | ||||||||
* |
Widgie Nickel Ltd. |
265,653 | 39,932 | |||||||
* |
Wiluna Mining Corp. Ltd. |
248,265 | 32,555 | |||||||
# * |
Zip Co. Ltd. |
2,250,758 | 969,816 | |||||||
|
|
|||||||||
TOTAL AUSTRALIA |
747,247,134 | |||||||||
|
|
|||||||||
CHINA (0.1%) |
| |||||||||
W |
BOC Aviation Ltd. |
49,900 | 352,766 | |||||||
BOE Varitronix Ltd. |
84,293 | 151,541 | ||||||||
* |
China Display Optoelectronics Technology Holdings Ltd. |
352,000 | 16,200 | |||||||
Fountain SET Holdings Ltd. |
4,258,000 | 460,638 | ||||||||
GDH Guangnan Holdings Ltd. |
1,739,600 | 128,398 | ||||||||
* |
Goodbaby International Holdings Ltd. |
716,000 | 69,030 | |||||||
* |
Neo-Neon Holdings Ltd. |
2,315,500 | 135,497 | |||||||
|
|
|||||||||
TOTAL CHINA |
1,314,070 | |||||||||
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (21.0%) |
| |||||||||
* |
Aceso Life Science Group Ltd. |
7,436,400 | $ | 105,166 | ||||||
Aeon Credit Service Asia Co. Ltd. |
1,024,000 | 650,055 | ||||||||
Allied Group Ltd. |
11,794,000 | 2,702,162 | ||||||||
Analogue Holdings Ltd. |
842,000 | 133,510 | ||||||||
APAC Resources Ltd. |
4,519,815 | 597,044 | ||||||||
# * |
Apollo Future Mobility Group Ltd. |
8,436,000 | 236,471 | |||||||
* |
Applied Development Holdings Ltd. |
11,215,000 | 136,499 | |||||||
Asia Financial Holdings Ltd. |
2,080,908 | 878,141 | ||||||||
* |
Asia Standard Hotel Group Ltd. |
2,491,654 | 29,024 | |||||||
* |
Asia Standard International Group Ltd. |
11,076,917 | 612,159 | |||||||
Asiasec Properties Ltd. |
1,371,000 | 65,845 | ||||||||
ASMPT Ltd. |
1,590,200 | 9,639,722 | ||||||||
Associated International Hotels Ltd. |
952,000 | 1,207,211 | ||||||||
Bank of East Asia Ltd. |
2,618,734 | 2,864,018 | ||||||||
|
Bel Global Resources Holdings Ltd. |
2,576,000 | 0 | |||||||
Best Mart 360 Holdings Ltd. |
984,000 | 272,481 | ||||||||
BOCOM International Holdings Co. Ltd. |
2,371,000 | 129,594 | ||||||||
Bright Smart Securities & Commodities Group Ltd. |
122,000 | 16,269 | ||||||||
|
Brightoil Petroleum Holdings Ltd. |
9,034,000 | 323,742 | |||||||
Build King Holdings Ltd. |
630,000 | 52,872 | ||||||||
|
Burwill Holdings Ltd. |
37,300,960 | 63,201 | |||||||
Cafe de Coral Holdings Ltd. |
2,996,000 | 3,716,938 | ||||||||
# * |
Cathay Pacific Airways Ltd. |
1,231,000 | 1,294,250 | |||||||
* |
Century City International Holdings Ltd. |
7,111,460 | 262,630 | |||||||
Chen Hsong Holdings |
1,296,000 | 275,211 | ||||||||
Cheuk Nang Holdings Ltd. |
771,714 | 209,855 | ||||||||
Chevalier International Holdings Ltd. |
820,989 | 763,527 | ||||||||
* |
China Baoli Technologies Holdings Ltd. |
114,750 | 1,222 | |||||||
* |
China Best Group Holding Ltd. |
1,124,998 | 89,872 | |||||||
* |
China Energy Development Holdings Ltd. |
49,560,000 | 910,448 | |||||||
China Motor Bus Co. Ltd. |
80,000 | 765,227 | ||||||||
# * |
China Star Entertainment Ltd. |
11,170,000 | 1,137,552 | |||||||
# * |
China Strategic Holdings Ltd. |
83,051,250 | 273,838 | |||||||
* |
China Tonghai International Financial Ltd. |
1,300,000 | 30,744 | |||||||
* |
Chinese Estates Holdings Ltd. |
2,943,500 | 772,021 | |||||||
Chinney Investments Ltd. |
1,180,000 | 193,245 | ||||||||
Chow Sang Sang Holdings International Ltd. |
2,353,000 | 2,389,047 | ||||||||
Chuangs China Investments Ltd. |
8,811,407 | 312,194 | ||||||||
Chuangs Consortium International Ltd. |
7,519,043 | 743,441 | ||||||||
CITIC Telecom International Holdings Ltd. |
12,427,125 | 4,019,471 | ||||||||
# |
CK Life Sciences International Holdings, Inc. |
17,940,000 | 1,407,788 | |||||||
# |
CMBC Capital Holdings Ltd. |
440,999 | 104,310 | |||||||
* |
C-Mer Eye Care Holdings Ltd. |
2,346,000 | 1,022,565 | |||||||
CNT Group Ltd. |
7,979,264 | 386,552 | ||||||||
Convenience Retail Asia Ltd. |
1,026,000 | 107,397 | ||||||||
# |
Convoy, Inc. |
32,922,000 | 131,274 | |||||||
* |
Cowell e Holdings, Inc. |
540,000 | 789,988 | |||||||
W |
Crystal International Group Ltd. |
304,000 | 96,087 | |||||||
CSI Properties Ltd. |
47,866,383 | 950,352 | ||||||||
|
CW Group Holdings Ltd. |
1,361,500 | 0 | |||||||
Dah Sing Banking Group Ltd. |
3,703,916 | 2,450,147 | ||||||||
Dah Sing Financial Holdings Ltd. |
1,406,544 | 3,195,236 | ||||||||
Dickson Concepts International Ltd. |
1,591,000 | 709,027 | ||||||||
* |
Digital Domain Holdings Ltd. |
581,000 | 22,574 | |||||||
* |
Dingyi Group Investment Ltd. |
300,000 | 2,758 | |||||||
Dynamic Holdings Ltd. |
198,000 | 202,095 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
Eagle Nice International Holdings Ltd. |
2,022,000 | $ | 1,119,926 | |||||||
# |
EC Healthcare |
1,648,097 | 1,018,285 | |||||||
|
EcoGreen International Group Ltd. |
1,994,640 | 362,100 | |||||||
* |
Elegance Optical International Holdings Ltd. |
1,160,000 | 79,197 | |||||||
* |
Emperor Capital Group Ltd. |
7,395,000 | 49,845 | |||||||
Emperor Entertainment Hotel Ltd. |
3,670,000 | 223,146 | ||||||||
Emperor International Holdings Ltd. |
10,584,753 | 821,396 | ||||||||
Emperor Watch & Jewellery Ltd. |
25,160,000 | 411,851 | ||||||||
Energy International Investments Holdings Ltd. |
196,000 | 8,589 | ||||||||
* |
ENM Holdings Ltd. |
13,248,000 | 771,753 | |||||||
* |
Esprit Holdings Ltd. |
10,440,325 | 981,090 | |||||||
* |
Eternity Investment Ltd. |
820,000 | 11,237 | |||||||
EuroEyes International Eye Clinic Ltd., Class C |
331,000 | 188,559 | ||||||||
# |
Fairwood Holdings Ltd. |
805,600 | 1,016,160 | |||||||
Far East Consortium International Ltd. |
13,169,612 | 2,942,627 | ||||||||
First Pacific Co. Ltd. |
15,292,000 | 4,649,675 | ||||||||
* W |
FIT Hon Teng Ltd. |
2,381,000 | 279,247 | |||||||
# * W |
Fosun Tourism Group |
37,800 | 34,937 | |||||||
Four Seas Mercantile Holdings Ltd. |
610,000 | 203,469 | ||||||||
FSE Lifestyle Services Ltd. |
639,000 | 404,660 | ||||||||
* |
Fullwealth International Group Holdings Ltd. |
448,000 | 112,891 | |||||||
* |
Genting Hong Kong Ltd. |
5,824,000 | 115,446 | |||||||
Get Nice Financial Group Ltd. |
2,438,600 | 214,435 | ||||||||
Giordano International Ltd. |
8,456,000 | 1,513,624 | ||||||||
Glorious Sun Enterprises Ltd. |
3,932,000 | 363,243 | ||||||||
Gold Fin Holdings |
9,580,000 | 0 | ||||||||
* |
Gold Peak Technology Group Ltd., Class L |
3,029,642 | 224,800 | |||||||
Golden Resources Development International Ltd. |
4,082,500 | 236,542 | ||||||||
Goodresources |
6,860,000 | 13,895 | ||||||||
* |
GR Properties Ltd. |
1,962,000 | 259,582 | |||||||
Great Eagle Holdings Ltd. |
1,180,472 | 2,202,448 | ||||||||
* |
Greentech Technology International Ltd. |
2,594,000 | 171,293 | |||||||
G-Resources Group Ltd. |
2,817,810 | 585,477 | ||||||||
Guoco Group Ltd. |
2,000 | 17,730 | ||||||||
Guotai Junan International Holdings Ltd. |
28,365,797 | 2,086,898 | ||||||||
# * |
Haitong International Securities Group Ltd. |
13,683,640 | 1,164,338 | |||||||
Hang Lung Group Ltd. |
2,959,000 | 4,776,806 | ||||||||
Hanison Construction Holdings Ltd. |
2,713,649 | 397,217 | ||||||||
* |
Hans Energy Co. Ltd. |
84,000 | 1,464 | |||||||
* |
Harbour Centre Development Ltd. |
935,500 | 809,559 | |||||||
HKBN Ltd. |
4,235,500 | 3,284,529 | ||||||||
HKR International Ltd. |
7,078,969 | 1,998,551 | ||||||||
Hon Kwok Land Investment Co. Ltd. |
388,800 | 108,888 | ||||||||
# * |
Hong Kong ChaoShang Group Ltd. |
1,440,000 | 156,077 | |||||||
Hong Kong Ferry Holdings Co. Ltd. |
1,007,300 | 824,464 | ||||||||
Hong Kong Technology Venture Co. Ltd. |
2,235,000 | 1,363,658 | ||||||||
* |
Hongkong & Shanghai Hotels Ltd. |
3,625,989 | 3,136,582 | |||||||
Hongkong Chinese Ltd. |
5,038,000 | 356,862 | ||||||||
W |
Honma Golf Ltd. |
1,097,500 | 439,231 | |||||||
|
Hsin Chong Group Holdings Ltd. |
10,243,403 | 0 | |||||||
Hung Hing Printing Group Ltd. |
2,940,000 | 374,764 | ||||||||
# * |
Huobi Technology Holdings Ltd. |
340,000 | 161,700 | |||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. |
11,624,000 | 1,702,537 | ||||||||
* |
Hypebeast Ltd. |
2,772,500 | 207,345 | |||||||
Hysan Development Co. Ltd. |
2,634,000 | 6,628,284 | ||||||||
IGG, Inc. |
6,794,000 | 2,085,999 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
* |
Imagi International Holdings Ltd. |
2,516,984 | $ | 102,720 | ||||||
W |
Impro Precision Industries Ltd. |
386,000 | 96,280 | |||||||
International Housewares Retail Co. Ltd. |
2,031,000 | 733,978 | ||||||||
* |
IPE Group Ltd. |
3,345,000 | 275,607 | |||||||
# * |
IRC Ltd. |
35,846,266 | 523,466 | |||||||
ITC Properties Group Ltd. |
5,543,292 | 679,274 | ||||||||
Jacobson Pharma Corp. Ltd. |
3,580,000 | 391,824 | ||||||||
Johnson Electric Holdings Ltd. |
2,370,554 | 2,366,422 | ||||||||
K Wah International Holdings Ltd. |
1,670,000 | 518,488 | ||||||||
* |
Kader Holdings Co. Ltd. |
112,000 | 5,614 | |||||||
Karrie International Holdings Ltd. |
2,932,000 | 483,798 | ||||||||
Keck Seng Investments Hong Kong Ltd. |
912,600 | 251,853 | ||||||||
Kerry Logistics Network Ltd. |
4,063,500 | 6,512,136 | ||||||||
Kerry Properties Ltd. |
2,556,500 | 4,846,019 | ||||||||
Kingmaker Footwear Holdings Ltd. |
1,878,955 | 221,191 | ||||||||
# |
Kowloon Development Co. Ltd. |
3,067,000 | 3,538,018 | |||||||
# * |
KuangChi Science Ltd. |
3,714,000 | 54,262 | |||||||
* |
Kwoon Chung Bus Holdings Ltd. |
44,000 | 9,828 | |||||||
* |
Lai Sun Development Co. Ltd. |
2,556,894 | 1,241,499 | |||||||
* |
Lai Sun Garment International Ltd. |
998,295 | 515,613 | |||||||
Lam Soon Hong Kong Ltd. |
326,310 | 415,818 | ||||||||
* |
Landing International Development Ltd. |
6,932,800 | 151,958 | |||||||
* |
Landsea Green Management Ltd. |
1,508,000 | 29,969 | |||||||
Langham Hospitality Investments & Langham Hospitality Investments Ltd. |
4,040,750 | 405,269 | ||||||||
* |
Lifestyle International Holdings Ltd. |
2,792,000 | 1,614,387 | |||||||
Lippo China Resources Ltd. |
17,982,000 | 314,566 | ||||||||
Lippo Ltd. |
1,161,700 | 410,996 | ||||||||
Liu Chong Hing Investment Ltd. |
1,531,200 | 1,304,241 | ||||||||
LOccitane International SA |
1,913,250 | 5,767,924 | ||||||||
Luk Fook Holdings International Ltd. |
3,509,000 | 8,282,106 | ||||||||
Lung Kee Bermuda Holdings |
1,491,875 | 428,809 | ||||||||
* |
Magnificent Hotel Investment Ltd. |
13,170,000 | 171,246 | |||||||
# |
Man Wah Holdings Ltd. |
2,474,000 | 1,566,572 | |||||||
* |
Mason Group Holdings Ltd. |
111,713,399 | 338,272 | |||||||
Master Glory GP |
972,981 | 6,049 | ||||||||
Matrix Holdings Ltd. |
1,067,414 | 400,390 | ||||||||
# |
MECOM Power & Construction Ltd. |
7,876,000 | 1,842,879 | |||||||
Melbourne Enterprises Ltd. |
39,500 | 604,290 | ||||||||
* |
Melco International Development Ltd. |
3,354,000 | 2,590,101 | |||||||
|
MH Development NPV |
3,238,000 | 0 | |||||||
* |
Midland Holdings Ltd. |
2,901,987 | 207,145 | |||||||
# |
Miramar Hotel & Investment |
1,152,000 | 1,761,409 | |||||||
Modern Dental Group Ltd. |
2,190,000 | 488,281 | ||||||||
* |
Mongolian Mining Corp. |
975,000 | 223,203 | |||||||
* |
NagaCorp Ltd. |
4,832,133 | 3,164,660 | |||||||
Nameson Holdings Ltd. |
7,692,000 | 382,653 | ||||||||
Nanyang Holdings Ltd. |
133,500 | 526,847 | ||||||||
National Electronics Holdings |
2,668,600 | 339,900 | ||||||||
* |
National United Resources Holdings Ltd. |
1,828,000 | 27,252 | |||||||
* |
New Times Energy Corp. Ltd. |
994,000 | 11,777 | |||||||
* |
NewOcean Energy Holdings Ltd. |
7,246,000 | 27,047 | |||||||
Nissin Foods Co. Ltd. |
1,577,000 | 1,229,541 | ||||||||
NWS Holdings Ltd. |
6,849,000 | 6,178,985 | ||||||||
Oriental Watch Holdings |
2,977,611 | 1,423,898 | ||||||||
# * |
Oshidori International Holdings Ltd. |
20,024,400 | 688,179 | |||||||
|
Pacific Andes International Holdings Ltd. |
19,435,067 | 67,840 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
Pacific Basin Shipping Ltd. |
26,113,000 | $ | 8,063,279 | |||||||
* |
Pacific Century Premium Developments Ltd. |
457,240 | 19,732 | |||||||
Pacific Textiles Holdings Ltd. |
6,042,000 | 1,880,898 | ||||||||
* |
Paliburg Holdings Ltd. |
3,180,830 | 722,599 | |||||||
* |
Paradise Entertainment Ltd. |
3,672,000 | 312,969 | |||||||
# |
PC Partner Group Ltd. |
1,678,000 | 899,293 | |||||||
PCCW Ltd. |
13,651,545 | 6,159,017 | ||||||||
# * |
Peace Mark Holdings Ltd. |
2,479,870 | 0 | |||||||
Pegasus International Holdings Ltd. |
36,000 | 3,121 | ||||||||
Pentamaster International Ltd. |
1,550,000 | 157,534 | ||||||||
# |
Perfect Medical Health Management Ltd. |
3,087,000 | 1,311,799 | |||||||
Pico Far East Holdings Ltd. |
5,142,000 | 699,288 | ||||||||
Playmates Holdings Ltd. |
7,082,000 | 586,221 | ||||||||
Plover Bay Technologies Ltd. |
2,224,000 | 676,511 | ||||||||
Pokfulam Development Co. Ltd. |
62,000 | 74,643 | ||||||||
* |
PT International Development Co. Ltd. |
8,347,150 | 208,359 | |||||||
Public Financial Holdings Ltd. |
2,848,000 | 787,709 | ||||||||
|
Pyxis Group Ltd. |
1,936,000 | 0 | |||||||
* |
Regal Hotels International Holdings Ltd. |
2,897,800 | 1,080,282 | |||||||
W |
Regina Miracle International Holdings Ltd. |
1,983,000 | 1,103,048 | |||||||
# * |
Sa Sa International Holdings Ltd. |
4,790,960 | 662,611 | |||||||
Safety Godown Co. Ltd. |
1,200,000 | 404,542 | ||||||||
* W |
Samsonite International SA |
603,900 | 1,448,396 | |||||||
SAS Dragon Holdings Ltd. |
2,178,000 | 952,659 | ||||||||
SEA Holdings Ltd. |
1,657,523 | 943,767 | ||||||||
* |
Shangri-La Asia Ltd. |
3,754,000 | 2,606,889 | |||||||
# * |
Shenwan Hongyuan HK Ltd. |
3,511,250 | 206,957 | |||||||
* |
Shun Ho Property Investments Ltd. |
1,254,757 | 160,782 | |||||||
* |
Shun Tak Holdings Ltd. |
11,551,419 | 1,610,715 | |||||||
Singamas Container Holdings Ltd. |
8,800,000 | 668,757 | ||||||||
* |
SJM Holdings Ltd. |
12,588,750 | 4,675,295 | |||||||
SmarTone Telecommunications Holdings Ltd. |
2,003,481 | 1,049,490 | ||||||||
# |
Solomon Systech International Ltd. |
10,238,000 | 563,504 | |||||||
Soundwill Holdings Ltd. |
600,500 | 511,815 | ||||||||
* |
South China Holdings Co. Ltd. |
17,774,503 | 115,809 | |||||||
* |
Space Group Holdings Ltd. |
190,000 | 89,295 | |||||||
Stella International Holdings Ltd. |
2,678,500 | 2,657,221 | ||||||||
Sun Hung Kai & Co. Ltd. |
4,919,429 | 1,771,941 | ||||||||
* |
Suncorp Technologies Ltd. |
210,000 | 9,448 | |||||||
SUNeVision Holdings Ltd. |
2,729,000 | 1,448,429 | ||||||||
TAI Cheung Holdings Ltd. |
2,329,000 | 1,189,098 | ||||||||
Tai Hing Group Holdings Ltd. |
221,000 | 27,809 | ||||||||
Tai Sang Land Development Ltd. |
798,910 | 392,251 | ||||||||
# |
Tan Chong International Ltd. |
1,176,000 | 293,543 | |||||||
Tao Heung Holdings Ltd. |
1,396,000 | 142,298 | ||||||||
* |
Television Broadcasts Ltd. |
1,992,500 | 880,493 | |||||||
* |
Termbray Industries International Holdings Ltd. |
780,900 | 29,816 | |||||||
Texhong Textile Group Ltd. |
293,500 | 199,906 | ||||||||
Texwinca Holdings Ltd. |
4,008,000 | 538,766 | ||||||||
Tian Teck Land Ltd. |
1,024,000 | 511,525 | ||||||||
* |
TOM Group Ltd. |
416,000 | 40,660 | |||||||
Town Health International Medical Group Ltd. |
4,442,115 | 239,462 | ||||||||
Tradelink Electronic Commerce Ltd. |
6,126,000 | 653,371 | ||||||||
Transport International Holdings Ltd. |
1,584,202 | 1,929,986 | ||||||||
United Laboratories International Holdings Ltd. |
6,200,000 | 2,574,579 | ||||||||
* |
Universal Technologies Holdings Ltd. |
1,730,000 | 27,517 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
Untrade.China Solar |
1,669,500 | $ | 7,178 | |||||||
|
Up Energy Development Group Ltd. |
3,929,000 | 0 | |||||||
* |
Value Convergence Holdings Ltd. |
2,448,000 | 53,234 | |||||||
# |
Value Partners Group Ltd. |
5,458,000 | 1,289,870 | |||||||
Vanke Overseas Investment Holding Co. Ltd. |
16,000 | 4,214 | ||||||||
Vedan International Holdings Ltd. |
3,576,000 | 301,462 | ||||||||
* |
Vitasoy International Holdings Ltd. |
3,373,000 | 4,194,347 | |||||||
# * W |
VPower Group International Holdings Ltd., Class H |
2,997,397 | 280,220 | |||||||
VSTECS Holdings Ltd. |
5,999,600 | 3,361,140 | ||||||||
VTech Holdings Ltd. |
1,292,000 | 7,407,670 | ||||||||
Wai Kee Holdings Ltd. |
5,666,738 | 1,718,674 | ||||||||
Wang On Group Ltd. |
41,740,000 | 313,888 | ||||||||
# * |
Wealthking Investments Ltd. |
7,296,000 | 397,043 | |||||||
Wing On Co. International Ltd. |
759,000 | 1,388,699 | ||||||||
# |
Wing Tai Properties Ltd. |
2,187,331 | 1,005,879 | |||||||
* |
YT Realty Group Ltd. |
1,968,124 | 191,339 | |||||||
YTO Express Holdings Ltd. |
776,000 | 176,766 | ||||||||
Yue Yuen Industrial Holdings Ltd. |
2,712,500 | 3,459,652 | ||||||||
# * |
Yunfeng Financial Group Ltd. |
612,000 | 81,194 | |||||||
# * |
Zensun Enterprises Ltd. |
1,154,000 | 237,229 | |||||||
* |
Zhaobangji Properties Holdings Ltd. |
1,688,000 | 90,996 | |||||||
|
|
|||||||||
TOTAL HONG KONG |
253,827,724 | |||||||||
|
|
|||||||||
NEW ZEALAND (4.2%) |
| |||||||||
* |
AFT Pharmaceuticals Ltd. |
34,226 | 63,171 | |||||||
* |
Air New Zealand Ltd. |
2,841,438 | 1,134,482 | |||||||
Arvida Group Ltd. |
1,179,235 | 945,005 | ||||||||
Briscoe Group Ltd. |
34,115 | 100,380 | ||||||||
* |
Channel Infrastructure NZ Ltd. |
895,413 | 704,882 | |||||||
Chorus Ltd. |
2,478,401 | 10,545,298 | ||||||||
Colonial Motor Co. Ltd. |
144,588 | 787,307 | ||||||||
# |
Comvita Ltd. |
50,282 | 89,883 | |||||||
# |
Delegat Group Ltd. |
6,400 | 36,507 | |||||||
# * |
Eroad Ltd. |
24,092 | 21,067 | |||||||
# |
Freightways Ltd. |
900,023 | 4,938,228 | |||||||
Genesis Energy Ltd. |
155,411 | 237,883 | ||||||||
# * |
Gentrack Group Ltd. |
71,302 | 58,031 | |||||||
# |
Hallenstein Glasson Holdings Ltd. |
307,057 | 891,537 | |||||||
Heartland Group Holdings Ltd. |
2,385,492 | 2,202,028 | ||||||||
Investore Property Ltd. |
634,503 | 539,450 | ||||||||
KMD Brands Ltd. |
2,468,331 | 1,447,098 | ||||||||
# |
Manawa Energy Ltd. |
237,979 | 756,893 | |||||||
# |
Millennium & Copthorne Hotels New Zealand Ltd. |
354,679 | 395,796 | |||||||
# |
Napier Port Holdings Ltd. |
46,155 | 74,154 | |||||||
# |
NZME Ltd. |
945,851 | 612,626 | |||||||
# |
NZX Ltd. |
1,535,149 | 1,034,209 | |||||||
Oceania Healthcare Ltd. |
1,384,448 | 707,097 | ||||||||
# * |
Pacific Edge Ltd. |
1,212,223 | 335,363 | |||||||
PGG Wrightson Ltd. |
120,785 | 296,935 | ||||||||
* |
Pushpay Holdings Ltd. |
2,847,906 | 1,751,974 | |||||||
* |
Rakon Ltd. |
182,922 | 120,241 | |||||||
# |
Restaurant Brands New Zealand Ltd. |
145,379 | 622,456 | |||||||
|
RPNZ Ltd. |
274,180 | 0 | |||||||
* |
Sanford Ltd. |
362,156 | 846,975 | |||||||
# |
Scales Corp. Ltd. |
436,710 | 1,205,723 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
NEW ZEALAND (Continued) |
| |||||||||
# |
Scott Technology Ltd. |
52,367 | $ | 81,825 | ||||||
* |
Serko Ltd. |
125,518 | 223,923 | |||||||
Skellerup Holdings Ltd. |
846,136 | 2,537,544 | ||||||||
SKY Network Television Ltd. |
386,493 | 463,885 | ||||||||
* |
SKYCITY Entertainment Group Ltd. |
4,246,632 | 6,449,136 | |||||||
Steel & Tube Holdings Ltd. |
575,667 | 444,531 | ||||||||
Summerset Group Holdings Ltd. |
637,929 | 3,844,151 | ||||||||
* |
Synlait Milk Ltd. |
454,797 | 903,189 | |||||||
# * |
Tourism Holdings Ltd. |
683,001 | 1,065,325 | |||||||
TOWER Ltd. |
1,895,126 | 674,484 | ||||||||
# |
Turners Automotive Group Ltd. |
109,772 | 217,389 | |||||||
# * |
Vista Group International Ltd. |
516,999 | 473,411 | |||||||
Warehouse Group Ltd. |
387,506 | 669,825 | ||||||||
|
|
|||||||||
TOTAL NEW ZEALAND |
51,551,297 | |||||||||
|
|
|||||||||
SINGAPORE (11.1%) |
| |||||||||
* |
Abterra Ltd. |
230,320 | 0 | |||||||
AEM Holdings Ltd. |
940,200 | 2,601,002 | ||||||||
Amara Holdings Ltd. |
974,800 | 233,279 | ||||||||
# * |
Avarga Ltd. |
2,626,500 | 339,407 | |||||||
Aztech Global Ltd. |
202,500 | 111,726 | ||||||||
# * |
Banyan Tree Holdings Ltd. |
887,700 | 172,125 | |||||||
# * |
Best World International Ltd. |
514,383 | 365,306 | |||||||
# |
Bonvests Holdings Ltd. |
950,000 | 615,591 | |||||||
Boustead Singapore Ltd. |
2,084,782 | 1,118,812 | ||||||||
BRC Asia Ltd. |
26,900 | 30,188 | ||||||||
# |
Bukit Sembawang Estates Ltd. |
1,176,003 | 3,669,689 | |||||||
Bund Center Investment Ltd. |
659,825 | 209,711 | ||||||||
Capitaland India Trust |
4,704,500 | 3,426,363 | ||||||||
# |
Centurion Corp. Ltd. |
1,405,100 | 364,776 | |||||||
# |
China Aviation Oil Singapore Corp. Ltd. |
2,355,399 | 1,210,874 | |||||||
China Sunsine Chemical Holdings Ltd. |
3,341,800 | 1,045,441 | ||||||||
Chip Eng Seng Corp. Ltd. |
3,001,900 | 1,460,996 | ||||||||
Chuan Hup Holdings Ltd. |
3,341,700 | 512,638 | ||||||||
Civmec Ltd. |
162,700 | 68,331 | ||||||||
ComfortDelGro Corp. Ltd. |
9,120,200 | 8,359,291 | ||||||||
* |
COSCO Shipping International Singapore Co. Ltd. |
6,429,100 | 772,804 | |||||||
# * |
Creative Technology Ltd. |
285,050 | 332,463 | |||||||
# |
CSE Global Ltd. |
2,232,300 | 661,457 | |||||||
Dasin Retail Trust |
296,700 | 58,746 | ||||||||
# |
Del Monte Pacific Ltd. |
2,302,364 | 495,684 | |||||||
# |
Delfi Ltd. |
1,075,400 | 533,793 | |||||||
|
DMX Technologies Group Ltd. |
2,096,000 | 0 | |||||||
# * |
Dyna-Mac Holdings Ltd. |
1,390,900 | 165,464 | |||||||
# * |
Ezion Holdings Ltd. |
9,845,878 | 0 | |||||||
# * |
Ezra Holdings Ltd. |
6,762,986 | 9,700 | |||||||
Far East Orchard Ltd. |
1,191,395 | 862,465 | ||||||||
First Resources Ltd. |
3,461,600 | 3,330,962 | ||||||||
# |
First Sponsor Group Ltd. |
484,728 | 410,456 | |||||||
Food Empire Holdings Ltd. |
1,334,200 | 465,344 | ||||||||
Fraser & Neave Ltd. |
314,800 | 266,678 | ||||||||
Frasers Property Ltd. |
13,400 | 9,145 | ||||||||
# |
Frencken Group Ltd. |
1,328,900 | 893,044 | |||||||
Fu Yu Corp. Ltd. |
3,671,500 | 611,347 | ||||||||
# * |
Gallant Venture Ltd. |
5,386,600 | 478,218 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SINGAPORE (Continued) |
| |||||||||
# |
Geo Energy Resources Ltd. |
2,078,300 | $ | 523,736 | ||||||
GK Goh Holdings Ltd. |
1,315,065 | 841,999 | ||||||||
Golden Agri-Resources Ltd. |
31,541,800 | 5,791,986 | ||||||||
* |
Golden Energy & Resources Ltd. |
2,746,900 | 1,504,653 | |||||||
GP Industries Ltd. |
181,509 | 79,525 | ||||||||
Grand Venture Technology Ltd. |
34,200 | 14,101 | ||||||||
# |
GuocoLand Ltd. |
1,709,514 | 1,956,334 | |||||||
# * |
Halcyon Agri Corp. Ltd. |
1,635,533 | 218,808 | |||||||
Haw Par Corp. Ltd. |
405,500 | 2,888,759 | ||||||||
Hiap Hoe Ltd. |
498,000 | 260,036 | ||||||||
# |
Ho Bee Land Ltd. |
1,505,100 | 2,648,293 | |||||||
# |
Hong Fok Corp. Ltd. |
2,673,494 | 1,814,636 | |||||||
# |
Hong Leong Asia Ltd. |
1,675,100 | 804,689 | |||||||
# |
Hong Leong Finance Ltd. |
1,014,200 | 1,673,599 | |||||||
# |
Hotel Grand Central Ltd. |
1,611,854 | 1,045,821 | |||||||
# |
Hour Glass Ltd. |
1,445,432 | 2,104,933 | |||||||
HRnetgroup Ltd. |
260,800 | 133,877 | ||||||||
Hutchison Port Holdings Trust |
24,607,400 | 4,520,675 | ||||||||
# * |
Hyflux Ltd. |
3,238,900 | 0 | |||||||
# |
iFAST Corp. Ltd. |
786,900 | 2,153,172 | |||||||
# |
Indofood Agri Resources Ltd. |
2,701,700 | 571,139 | |||||||
InnoTek Ltd. |
336,600 | 102,928 | ||||||||
# |
ISDN Holdings Ltd. |
412,544 | 122,721 | |||||||
# |
Japfa Ltd. |
2,345,710 | 901,025 | |||||||
# * |
Jurong Technologies Industrial Corp. Ltd. |
2,227,680 | 0 | |||||||
Keppel Infrastructure Trust |
18,468,846 | 6,927,582 | ||||||||
# |
KSH Holdings Ltd. |
1,278,300 | 296,501 | |||||||
# |
Low Keng Huat Singapore Ltd. |
949,800 | 267,474 | |||||||
Lum Chang Holdings Ltd. |
1 | 0 | ||||||||
* |
Mandarin Oriental International Ltd. |
1,452,700 | 2,718,353 | |||||||
# * |
Marco Polo Marine Ltd. |
4,046,400 | 102,669 | |||||||
# |
Metro Holdings Ltd. |
2,946,592 | 1,384,224 | |||||||
Mewah International, Inc. |
89,000 | 19,800 | ||||||||
Micro-Mechanics Holdings Ltd. |
115,800 | 241,981 | ||||||||
# * |
Midas Holdings Ltd. |
8,576,553 | 0 | |||||||
# * |
mm2 Asia Ltd. |
5,969,400 | 174,483 | |||||||
Nanofilm Technologies International Ltd. |
451,500 | 655,740 | ||||||||
NETLINK NBN TRUST |
797,000 | 501,733 | ||||||||
# |
NSL Ltd. |
409,900 | 237,940 | |||||||
# * |
Oceanus Group Ltd. |
6,540,800 | 58,916 | |||||||
OUE Ltd. |
2,029,200 | 1,836,241 | ||||||||
# |
Oxley Holdings Ltd. |
7,186,441 | 793,703 | |||||||
Pacific Century Regional Developments Ltd. |
179,000 | 59,098 | ||||||||
# |
Pan-United Corp. Ltd. |
1,866,350 | 545,530 | |||||||
* |
Place Holdings Ltd. |
1,427,400 | 30,529 | |||||||
Propnex Ltd. |
386,300 | 402,480 | ||||||||
# |
PSC Corp. Ltd. |
1,339,819 | 314,081 | |||||||
# |
Q&M Dental Group Singapore Ltd. |
1,136,160 | 268,118 | |||||||
QAF Ltd. |
1,484,380 | 863,042 | ||||||||
# * |
Raffles Education Corp. Ltd. |
2,803,923 | 104,941 | |||||||
Raffles Medical Group Ltd. |
6,306,332 | 5,827,551 | ||||||||
Riverstone Holdings Ltd. |
341,500 | 136,532 | ||||||||
Samudera Shipping Line Ltd. |
213,100 | 122,119 | ||||||||
* |
SATS Ltd. |
416,700 | 870,673 | |||||||
# |
SBS Transit Ltd. |
796,600 | 1,497,280 | |||||||
* |
Sembcorp Marine Ltd. |
37,571,400 | 2,747,597 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SINGAPORE (Continued) |
| |||||||||
Sheng Siong Group Ltd. |
3,904,500 | $ | 4,296,924 | |||||||
* |
SHS Holdings Ltd. |
2,175,300 | 222,106 | |||||||
* |
SIA Engineering Co. Ltd. |
1,657,700 | 2,573,579 | |||||||
# |
SIIC Environment Holdings Ltd. |
5,686,720 | 697,662 | |||||||
Silverlake Axis Ltd. |
794,700 | 175,185 | ||||||||
Sinarmas Land Ltd. |
7,118,700 | 955,653 | ||||||||
# |
Sing Holdings Ltd. |
1,470,400 | 383,107 | |||||||
Sing Investments & Finance Ltd. |
350,675 | 367,949 | ||||||||
Singapore Land Group Ltd. |
111,369 | 182,397 | ||||||||
Singapore Post Ltd. |
10,013,100 | 3,795,594 | ||||||||
Singapore Shipping Corp. Ltd. |
1,573,200 | 279,333 | ||||||||
# |
Stamford Land Corp. Ltd. |
5,698,660 | 1,464,170 | |||||||
StarHub Ltd. |
4,812,100 | 3,676,518 | ||||||||
Straco Corp. Ltd. |
130,000 | 33,921 | ||||||||
# |
Straits Trading Co. Ltd. |
476,248 | 806,467 | |||||||
# * |
Swiber Holdings Ltd. |
2,895,250 | 0 | |||||||
Thomson Medical Group Ltd. |
1,408,700 | 78,206 | ||||||||
Tiong Woon Corp. Holding Ltd. |
26,600 | 8,468 | ||||||||
# |
Tuan Sing Holdings Ltd. |
4,214,136 | 925,346 | |||||||
UMS Holdings Ltd. |
2,888,368 | 2,525,428 | ||||||||
United Overseas Insurance Ltd. |
168,150 | 780,617 | ||||||||
UOB-Kay Hian Holdings Ltd. |
2,574,498 | 2,418,840 | ||||||||
# |
Valuetronics Holdings Ltd. |
2,647,550 | 965,172 | |||||||
# |
Vicom Ltd. |
557,500 | 776,773 | |||||||
# |
Wee Hur Holdings Ltd. |
2,614,200 | 370,770 | |||||||
# |
Wing Tai Holdings Ltd. |
3,802,967 | 4,023,045 | |||||||
Yangzijiang Shipbuilding Holdings Ltd. |
3,719,600 | 2,655,467 | ||||||||
Yeo Hiap Seng Ltd. |
228,759 | 117,545 | ||||||||
|
|
|||||||||
TOTAL SINGAPORE |
134,513,914 | |||||||||
|
|
|||||||||
UNITED STATES (0.1%) |
| |||||||||
* W |
Frontage Holdings Corp. |
2,962,000 | 778,567 | |||||||
|
|
|||||||||
TOTAL COMMON STOCKS |
1,189,232,706 | |||||||||
|
|
|||||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||||
AUSTRALIA (0.0%) |
| |||||||||
* |
Arafura Resources Ltd. |
472,767 | 19,052 | |||||||
* |
Decmil Group Ltd. Warrants 09/15/22 |
5,306 | 0 | |||||||
* |
PointsBet Holdings Ltd. Warrants |
6,189 | 0 | |||||||
|
|
|||||||||
TOTAL AUSTRALIA |
19,052 | |||||||||
|
|
|||||||||
HONG KONG (0.0%) |
| |||||||||
# * |
MECOM Power & Construction Ltd. Warrants 05/16/23 |
528,800 | 8,555 | |||||||
|
|
|||||||||
SINGAPORE (0.0%) |
| |||||||||
# * |
Ezion Holdings Ltd. Warrants 04/16/23 |
5,659,201 | 0 | |||||||
|
|
|||||||||
TOTAL RIGHTS/WARRANTS |
27,607 | |||||||||
|
|
|||||||||
TOTAL INVESTMENT SECURITIES |
1,189,260,313 | |||||||||
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares |
Value | |||||||
SECURITIES LENDING COLLATERAL (1.7%) |
| |||||||
@ § |
The DFA Short Term Investment Fund |
1,744,345 | $ | 20,178,582 | ||||
|
|
|||||||
TOTAL INVESTMENTS (100.0%) |
||||||||
(Cost $1,573,543,943)^^ |
$ | 1,209,438,895 | ||||||
|
|
ADR | American Depositary Receipt |
SA | Special Assessment |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
| Security valued using significant unobservable inputs (Level 3). |
# | Total or Partial Securities on Loan. |
W | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Funds Liquidity Guidelines. The liquidity determination is unaudited. |
| See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
Summary of the Series investments as of September 30, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks |
||||||||||||||||
Australia |
$ | 448,628 | $ | 746,785,211 | $ | 13,295 | $ | 747,247,134 | ||||||||
China |
| 1,314,070 | | 1,314,070 | ||||||||||||
Hong Kong |
| 252,709,822 | 1,117,902 | 253,827,724 | ||||||||||||
New Zealand |
| 51,551,297 | | 51,551,297 | ||||||||||||
Singapore |
| 134,504,214 | 9,700 | 134,513,914 | ||||||||||||
United States |
| 778,567 | | 778,567 | ||||||||||||
Rights/Warrants |
||||||||||||||||
Australia |
| 19,052 | | 19,052 | ||||||||||||
Hong Kong |
| 8,555 | | 8,555 | ||||||||||||
Securities Lending Collateral |
| 20,178,582 | | 20,178,582 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 448,628 | $ | 1,207,849,370 | $ | 1,140,897 | ^ | $ | 1,209,438,895 | |||||||
|
|
|
|
|
|
|
|
^ | A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets. |
THE UNITED KINGDOM SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Shares |
Value» | |||||||
COMMON STOCKS (98.8%) |
| |||||||
COMMUNICATION SERVICES (3.6%) |
| |||||||
4imprint Group PLC |
162,578 | $ | 6,099,321 | |||||
* | Ascential PLC |
1,572,298 | 3,578,768 | |||||
Bloomsbury Publishing PLC |
316,806 | 1,297,087 | ||||||
Centaur Media PLC |
254,249 | 122,107 | ||||||
Euromoney Institutional Investor PLC |
592,842 | 9,478,970 | ||||||
# * | Frontier Developments PLC |
55,575 | 829,270 | |||||
Future PLC |
58,807 | 850,167 | ||||||
Gamma Communications PLC |
178,597 | 2,084,424 | ||||||
* | Helios Towers PLC |
1,860,290 | 2,337,838 | |||||
# * | Hyve Group PLC |
1,575,593 | 882,793 | |||||
ITV PLC |
2,854,733 | 1,801,500 | ||||||
Moneysupermarket.com Group PLC |
3,160,889 | 6,523,032 | ||||||
Next Fifteen Communications Group PLC |
128,193 | 1,107,666 | ||||||
Reach PLC |
2,094,224 | 1,600,072 | ||||||
* | S4 Capital PLC |
53,378 | 86,003 | |||||
STV Group PLC |
4,918 | 14,686 | ||||||
* | Tremor International Ltd. |
176,315 | 604,014 | |||||
# * | Tremor International Ltd., ADR |
2,906 | 20,139 | |||||
|
|
|||||||
TOTAL COMMUNICATION SERVICES |
39,317,857 | |||||||
|
|
|||||||
CONSUMER DISCRETIONARY (15.7%) |
| |||||||
888 Holdings PLC |
2,213,314 | 2,288,710 | ||||||
# * | AO World PLC |
272,456 | 130,377 | |||||
* | ASOS PLC |
56,327 | 354,238 | |||||
# * W | Aston Martin Lagonda Global Holdings PLC |
676,550 | 886,850 | |||||
Bellway PLC |
383,481 | 7,223,537 | ||||||
* | boohoo Group PLC |
980,423 | 393,085 | |||||
* | Card Factory PLC |
1,169,822 | 572,346 | |||||
# * | Cazoo Group Ltd. |
576,666 | 265,266 | |||||
Coats Group PLC |
4,701,658 | 2,654,200 | ||||||
* W | Countryside Partnerships PLC |
2,712,258 | 6,017,971 | |||||
Crest Nicholson Holdings PLC |
1,745,253 | 3,541,892 | ||||||
Currys PLC |
5,830,239 | 3,658,182 | ||||||
* W | Deliveroo PLC |
96,590 | 90,802 | |||||
# | DFS Furniture PLC |
1,258,487 | 1,470,161 | |||||
# * | Dignity PLC |
219,230 | 912,359 | |||||
Dominos Pizza Group PLC |
3,131,085 | 7,752,433 | ||||||
Dr Martens PLC |
94,234 | 230,886 | ||||||
Dunelm Group PLC |
691,465 | 5,596,635 | ||||||
* | Frasers Group PLC |
1,317,926 | 9,878,003 | |||||
Fuller Smith & Turner PLC, Class A |
151,287 | 778,510 | ||||||
Games Workshop Group PLC |
176,198 | 11,266,735 | ||||||
Greggs PLC |
604,556 | 11,420,111 | ||||||
* W | Gym Group PLC |
975,013 | 1,189,107 | |||||
Halfords Group PLC |
1,334,827 | 1,959,286 | ||||||
Headlam Group PLC |
502,271 | 1,296,965 | ||||||
Henry Boot PLC |
541,758 | 1,496,081 | ||||||
Hollywood Bowl Group PLC |
311,048 | 648,200 | ||||||
* W | Hostelworld Group PLC |
206,214 | 169,383 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Inchcape PLC |
2,415,336 | $ | 18,288,947 | |||||
* |
J D Wetherspoon PLC |
456,701 | 2,033,669 | |||||
Lookers PLC |
1,488,558 | 1,085,892 | ||||||
* |
Marstons PLC |
4,029,229 | 1,597,937 | |||||
Me Group International PLC |
1,529,544 | 1,447,948 | ||||||
* |
Mitchells & Butlers PLC |
2,108,969 | 2,691,322 | |||||
MJ Gleeson PLC |
240,572 | 1,105,648 | ||||||
* |
Moonpig Group PLC |
102,704 | 181,098 | |||||
* |
Motorpoint group PLC |
51,520 | 103,050 | |||||
# * |
N Brown Group PLC |
949,432 | 248,160 | |||||
* W |
On the Beach Group PLC |
149,308 | 166,922 | |||||
* |
Pendragon PLC |
5,100,308 | 1,525,828 | |||||
Pets at Home Group PLC |
3,042,980 | 8,871,494 | ||||||
* |
Playtech PLC |
1,947,421 | 9,540,933 | |||||
PPHE Hotel Group Ltd. |
15,424 | 238,675 | ||||||
* |
Rank Group PLC |
1,027,396 | 778,334 | |||||
Redrow PLC |
1,679,801 | 7,396,405 | ||||||
* |
Restaurant Group PLC |
1,278,080 | 416,427 | |||||
Smiths News PLC |
23,379 | 8,304 | ||||||
Sportech PLC |
159,830 | 31,889 | ||||||
* |
SSP Group PLC |
2,860,371 | 5,986,131 | |||||
# |
Studio Retail Group PLC |
220,669 | 106,267 | |||||
* |
Superdry PLC |
337,189 | 375,895 | |||||
* |
THG PLC |
202,425 | 84,541 | |||||
W |
TI Fluid Systems PLC |
333,751 | 448,380 | |||||
Topps Tiles PLC |
786,772 | 337,045 | ||||||
Vertu Motors PLC |
1,326,258 | 619,404 | ||||||
VIDENDUM PLC |
215,891 | 2,882,674 | ||||||
# |
Vistry Group PLC |
1,228,992 | 8,040,557 | |||||
* W |
Watches of Switzerland Group PLC |
318,155 | 2,351,415 | |||||
* |
WH Smith PLC |
371,305 | 4,895,494 | |||||
Wickes Group PLC |
2,129,864 | 2,835,606 | ||||||
Young & Cos Brewery PLC, Class A |
14,543 | 151,332 | ||||||
|
|
|||||||
TOTAL CONSUMER DISCRETIONARY |
171,015,934 | |||||||
|
|
|||||||
CONSUMER STAPLES (7.0%) |
| |||||||
AG Barr PLC |
726,615 | 3,688,481 | ||||||
Anglo-Eastern Plantations PLC |
124,523 | 1,081,494 | ||||||
W |
Bakkavor Group PLC |
121,093 | 121,227 | |||||
Britvic PLC |
1,626,728 | 12,956,648 | ||||||
* |
C&C Group PLC |
1,925,624 | 3,202,303 | |||||
Carrs Group PLC |
349,511 | 376,139 | ||||||
Cranswick PLC |
365,093 | 10,845,767 | ||||||
Devro PLC |
1,358,722 | 2,510,617 | ||||||
Fevertree Drinks PLC |
434,527 | 4,021,232 | ||||||
* |
Greencore Group PLC |
4,044,639 | 3,257,552 | |||||
Hilton Food Group PLC |
350,941 | 2,080,202 | ||||||
* |
Marks & Spencer Group PLC |
6,860,535 | 7,483,549 | |||||
* |
McBride PLC |
895,746 | 235,301 | |||||
MP Evans Group PLC |
7,544 | 69,534 | ||||||
# * |
Naked Wines PLC |
32,906 | 30,536 | |||||
# |
Nichols PLC |
2,884 | 34,797 | |||||
Premier Foods PLC |
4,675,807 | 4,989,293 | ||||||
PZ Cussons PLC |
1,717,225 | 3,721,288 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
CONSUMER STAPLES (Continued) |
| |||||||
Tate & Lyle PLC |
2,060,165 | $ | 15,533,285 | |||||
|
|
|||||||
TOTAL CONSUMER STAPLES |
76,239,245 | |||||||
|
|
|||||||
ENERGY (4.3%) |
| |||||||
Capital Ltd. |
59,308 | 54,868 | ||||||
# * |
Capricorn Energy PLC |
4,040,365 | 11,028,755 | |||||
Diversified Energy Co. PLC |
3,411,976 | 4,921,867 | ||||||
Energean PLC |
285,194 | 4,226,580 | ||||||
* |
EnQuest PLC |
12,456,788 | 3,660,876 | |||||
Genel Energy PLC |
934,783 | 1,280,424 | ||||||
Gulf Keystone Petroleum Ltd. |
1,529,511 | 3,379,209 | ||||||
Hunting PLC |
841,827 | 2,185,105 | ||||||
* |
IGas Energy PLC |
61,631 | 36,105 | |||||
* |
John Wood Group PLC |
3,814,872 | 5,387,430 | |||||
* |
Lamprell PLC |
1,293,820 | 128,555 | |||||
* |
Petrofac Ltd. |
2,580,763 | 2,897,203 | |||||
* |
Pharos Energy PLC |
1,203,054 | 265,793 | |||||
* |
Savannah Energy PLC |
388,799 | 118,668 | |||||
Serica Energy PLC |
1,065,394 | 4,426,162 | ||||||
# * |
Tullow Oil PLC |
7,423,442 | 3,488,400 | |||||
|
|
|||||||
TOTAL ENERGY |
47,486,000 | |||||||
|
|
|||||||
FINANCIALS (18.6%) |
| |||||||
AJ Bell PLC |
800,782 | 2,385,176 | ||||||
Ashmore Group PLC |
2,540,311 | 5,547,057 | ||||||
Bank of Georgia Group PLC |
283,322 | 6,237,389 | ||||||
Beazley PLC |
3,180,736 | 19,827,454 | ||||||
Brooks Macdonald Group PLC |
628 | 13,153 | ||||||
Burford Capital Ltd. |
958,135 | 7,075,843 | ||||||
Chesnara PLC |
863,650 | 2,625,570 | ||||||
Close Brothers Group PLC |
898,617 | 9,249,292 | ||||||
W |
CMC Markets PLC |
1,034,375 | 2,514,049 | |||||
Direct Line Insurance Group PLC |
3,038,020 | 6,267,914 | ||||||
* W |
Funding Circle Holdings PLC |
104,248 | 47,348 | |||||
* |
Georgia Capital PLC |
29,520 | 203,415 | |||||
Hiscox Ltd. |
1,578,464 | 15,486,721 | ||||||
IG Group Holdings PLC |
700,509 | 5,936,650 | ||||||
Impax Asset Management Group PLC |
190,281 | 1,101,468 | ||||||
IntegraFin Holdings PLC |
479,917 | 1,174,592 | ||||||
International Personal Finance PLC |
828,317 | 758,143 | ||||||
Investec PLC |
1,111,096 | 4,471,542 | ||||||
IP Group PLC |
6,416,521 | 4,213,564 | ||||||
W |
JTC PLC |
1,454 | 11,073 | |||||
Jupiter Fund Management PLC |
2,622,791 | 2,674,789 | ||||||
Just Group PLC |
7,132,456 | 4,428,511 | ||||||
Lancashire Holdings Ltd. |
1,670,143 | 9,213,419 | ||||||
Liontrust Asset Management PLC |
106,732 | 864,369 | ||||||
Man Group PLC |
7,671,618 | 18,995,498 | ||||||
* |
Metro Bank PLC |
198,857 | 175,960 | |||||
Mortgage Advice Bureau Holdings Ltd. |
3,857 | 27,427 | ||||||
Ninety One PLC |
1,838,349 | 3,720,546 | ||||||
Numis Corp. PLC |
311,926 | 804,941 | ||||||
OSB Group PLC |
2,103,822 | 9,789,393 | ||||||
Paragon Banking Group PLC |
1,934,045 | 8,462,825 | ||||||
Plus500 Ltd. |
525,338 | 9,611,088 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
FINANCIALS (Continued) |
| |||||||
Polar Capital Holdings PLC |
245,033 | $ | 1,131,887 | |||||
Provident Financial PLC |
1,517,140 | 2,805,881 | ||||||
W |
Quilter PLC |
8,070,566 | 8,240,301 | |||||
Rathbones Group PLC |
357,843 | 6,532,346 | ||||||
Record PLC |
18,948 | 14,404 | ||||||
S&U PLC |
29,239 | 649,025 | ||||||
W |
Sabre Insurance Group PLC |
417,265 | 451,134 | |||||
* |
Saga PLC |
640,470 | 634,730 | |||||
TBC Bank Group PLC |
84,023 | 1,558,089 | ||||||
TP ICAP Group PLC |
4,137,686 | 9,040,668 | ||||||
Virgin Money UK PLC |
6,260,181 | 8,588,442 | ||||||
|
Waterloo Investment Holdings Ltd. |
4,000 | 520 | |||||
XPS Pensions Group PLC |
6,312 | 8,977 | ||||||
|
|
|||||||
TOTAL FINANCIALS |
203,572,583 | |||||||
|
|
|||||||
HEALTH CARE (4.9%) |
| |||||||
* |
4d pharma PLC |
42,478 | 5,929 | |||||
Advanced Medical Solutions Group PLC |
408,500 | 1,105,880 | ||||||
Alliance Pharma PLC |
2,372,960 | 1,479,089 | ||||||
CVS Group PLC |
413,530 | 7,879,097 | ||||||
EKF Diagnostics Holdings PLC |
79,384 | 35,383 | ||||||
EMIS Group PLC |
328,823 | 6,905,089 | ||||||
* |
Ergomed PLC |
40,995 | 529,408 | |||||
Hikma Pharmaceuticals PLC |
218,394 | 3,291,852 | ||||||
* |
Indivior PLC |
3,859,474 | 12,237,012 | |||||
W |
Integrated Diagnostics Holdings PLC |
1,249,693 | 944,803 | |||||
# |
Mediclinic International PLC |
2,400,508 | 13,160,998 | |||||
* |
NIOX GROUP PLC |
202,629 | 82,232 | |||||
* |
Oxford Biomedica PLC |
61,190 | 236,764 | |||||
* |
PureTech Health PLC |
314,596 | 866,097 | |||||
* W |
Spire Healthcare Group PLC |
1,823,481 | 4,373,835 | |||||
* |
Trellus Health PLC |
1,632 | 132 | |||||
* |
Verici Dx PLC |
1,588 | 275 | |||||
|
|
|||||||
TOTAL HEALTH CARE |
53,133,875 | |||||||
|
|
|||||||
INDUSTRIALS (22.5%) |
| |||||||
Avon Rubber PLC |
185,963 | 2,336,820 | ||||||
* |
Babcock International Group PLC |
2,860,700 | 8,833,627 | |||||
Balfour Beatty PLC |
3,610,310 | 12,306,737 | ||||||
Begbies Traynor Group PLC |
60,262 | 93,597 | ||||||
W |
Biffa PLC |
1,562,939 | 7,149,323 | |||||
Bodycote PLC |
1,201,080 | 6,215,180 | ||||||
BRAEMAR PLC |
91,109 | 291,334 | ||||||
Chemring Group PLC |
1,906,169 | 5,978,430 | ||||||
Clarkson PLC |
212,943 | 6,215,302 | ||||||
* |
Costain Group PLC |
237,261 | 104,986 | |||||
# * |
De La Rue PLC |
498,978 | 479,128 | |||||
# * |
Dialight PLC |
89,929 | 233,573 | |||||
Diploma PLC |
472,418 | 12,138,963 | ||||||
DiscoverIE Group PLC |
594,505 | 4,261,127 | ||||||
* |
easyJet PLC |
731,362 | 2,386,339 | |||||
# * |
Esken Ltd. |
1,707,178 | 99,772 | |||||
# |
Firstgroup PLC |
2,565,855 | 2,987,071 | |||||
Galliford Try Holdings PLC |
566,273 | 917,529 | ||||||
Genuit Group PLC |
1,449,475 | 4,691,967 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
* |
Go-Ahead Group PLC |
161,847 | $ | 2,774,006 | ||||
Goodwin PLC |
383 | 11,806 | ||||||
Grafton Group PLC |
1,499,770 | 11,133,167 | ||||||
# * |
GXO Logistics, Inc. |
4,386 | 153,762 | |||||
Hays PLC |
9,235,636 | 10,408,797 | ||||||
HomeServe PLC |
313,380 | 4,129,018 | ||||||
IMI PLC |
286,976 | 3,548,771 | ||||||
Industrial & Commercial Bank of China Ltd. |
5,000 | 0 | ||||||
* |
James Fisher & Sons PLC |
203,822 | 641,563 | |||||
James Halstead PLC |
122,173 | 281,806 | ||||||
* |
JET2 PLC |
808,166 | 6,185,927 | |||||
* |
Johnson Service Group PLC |
589,527 | 516,426 | |||||
Keller Group PLC |
433,019 | 3,024,670 | ||||||
* |
Kier Group PLC |
1,638,735 | 1,236,235 | |||||
W |
Luceco PLC |
278,939 | 256,800 | |||||
Mears Group PLC |
682,577 | 1,463,969 | ||||||
Mitie Group PLC |
7,620,122 | 5,284,906 | ||||||
Morgan Advanced Materials PLC |
1,908,978 | 4,811,074 | ||||||
Morgan Sindall Group PLC |
256,662 | 4,186,404 | ||||||
* |
National Express Group PLC |
3,054,001 | 5,709,680 | |||||
Norcros PLC |
155,421 | 285,545 | ||||||
Pagegroup PLC |
1,968,311 | 8,088,069 | ||||||
Porvair PLC |
18,060 | 100,550 | ||||||
QinetiQ Group PLC |
3,269,929 | 11,932,665 | ||||||
Redde Northgate PLC |
1,393,933 | 4,480,475 | ||||||
Renew Holdings PLC |
72,048 | 455,145 | ||||||
* |
Renewi PLC |
576,082 | 3,612,047 | |||||
Ricardo PLC |
310,737 | 1,584,628 | ||||||
Robert Walters PLC |
396,868 | 2,021,275 | ||||||
Rotork PLC |
4,636,883 | 12,033,739 | ||||||
Royal Mail PLC |
1,450,844 | 2,953,207 | ||||||
RPS Group PLC |
1,020,701 | 2,663,398 | ||||||
RWS Holdings PLC |
99,829 | 354,801 | ||||||
* |
Senior PLC |
2,397,255 | 3,130,120 | |||||
Serco Group PLC |
4,889,865 | 8,481,569 | ||||||
Severfield PLC |
1,107,512 | 601,461 | ||||||
* |
SIG PLC |
4,224,897 | 1,400,607 | |||||
Smart Metering Systems PLC |
536,543 | 4,789,563 | ||||||
Speedy Hire PLC |
3,288,866 | 1,352,153 | ||||||
SThree PLC |
872,133 | 3,338,266 | ||||||
TClarke PLC |
64,836 | 81,140 | ||||||
Travis Perkins PLC |
1,187,192 | 10,190,896 | ||||||
Trifast PLC |
524,611 | 435,012 | ||||||
Tyman PLC |
1,020,064 | 2,221,879 | ||||||
Vesuvius PLC |
1,540,577 | 5,317,497 | ||||||
Volex PLC |
465,064 | 1,259,484 | ||||||
Volution Group PLC |
752,219 | 2,440,153 | ||||||
Vp PLC |
153,784 | 1,293,047 | ||||||
Wilmington PLC |
334,384 | 961,661 | ||||||
Wincanton PLC |
700,232 | 2,286,566 | ||||||
XP Power Ltd. |
102,993 | 1,915,041 | ||||||
|
|
|||||||
TOTAL INDUSTRIALS |
245,541,251 | |||||||
|
|
|||||||
INFORMATION TECHNOLOGY (9.1%) |
| |||||||
* |
accesso Technology Group PLC |
14,495 | 86,886 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||
Bytes Technology Group PLC |
554,873 | $ | 2,588,988 | |||||
* |
Capita PLC |
10,274,296 | 2,834,754 | |||||
* |
CentralNic Group PLC |
22,135 | 28,118 | |||||
Computacenter PLC |
501,179 | 10,765,661 | ||||||
dotdigital group PLC |
438,664 | 415,069 | ||||||
FDM Group Holdings PLC |
476,786 | 3,313,168 | ||||||
* |
Fund Technologies PLC |
32,908 | 521,176 | |||||
GB Group PLC |
258,239 | 1,738,813 | ||||||
Gooch & Housego PLC |
2,781 | 17,817 | ||||||
# |
IDOX PLC |
140,149 | 100,636 | |||||
# |
iomart Group PLC |
279,306 | 505,762 | |||||
# * |
IQE PLC |
2,125,735 | 802,709 | |||||
Kainos Group PLC |
478,788 | 6,829,785 | ||||||
Keywords Studios PLC |
1,958 | 49,948 | ||||||
* |
Kin & Carta PLC |
321,376 | 623,507 | |||||
Learning Technologies Group PLC |
829,270 | 963,367 | ||||||
Micro Focus International PLC |
1,571,570 | 9,062,064 | ||||||
NCC Group PLC |
1,818,657 | 4,387,032 | ||||||
* W |
Network International Holdings PLC |
234,622 | 786,143 | |||||
Oxford Instruments PLC |
362,353 | 7,173,194 | ||||||
PayPoint PLC |
461,831 | 3,083,889 | ||||||
Renishaw PLC |
114,971 | 4,459,073 | ||||||
RM PLC |
358,749 | 107,008 | ||||||
Softcat PLC |
677,739 | 8,903,125 | ||||||
Spectris PLC |
462,131 | 13,964,601 | ||||||
Spirent Communications PLC |
4,065,908 | 11,826,864 | ||||||
# |
Strix Group PLC |
162,410 | 222,980 | |||||
TT Electronics PLC |
1,084,117 | 1,690,226 | ||||||
* |
Xaar PLC |
539,952 | 1,032,719 | |||||
|
|
|||||||
TOTAL INFORMATION TECHNOLOGY |
98,885,082 | |||||||
|
|
|||||||
MATERIALS (5.4%) |
| |||||||
# * |
Accsys Technologies PLC |
9,505 | 6,758 | |||||
Anglo Pacific Group PLC |
1,234,097 | 2,084,574 | ||||||
Breedon Group PLC |
2,236,429 | 1,322,753 | ||||||
Castings PLC |
172,368 | 537,573 | ||||||
Centamin PLC |
8,251,207 | 8,277,510 | ||||||
Central Asia Metals PLC |
719,628 | 1,741,390 | ||||||
* |
Elementis PLC |
3,385,183 | 3,384,287 | |||||
Essentra PLC |
1,720,465 | 3,474,125 | ||||||
Ferrexpo PLC |
252,415 | 336,951 | ||||||
W |
Forterra PLC |
1,574,753 | 4,097,344 | |||||
Gem Diamonds Ltd. |
413,552 | 141,944 | ||||||
Hill & Smith Holdings PLC |
549,355 | 5,552,278 | ||||||
Hochschild Mining PLC |
1,822,730 | 1,191,180 | ||||||
W |
Ibstock PLC |
2,956,022 | 5,387,960 | |||||
Marshalls PLC |
1,374,930 | 4,474,201 | ||||||
Pan African Resources PLC |
5,216,348 | 1,020,321 | ||||||
* |
Petra Diamonds Ltd. |
17,532 | 20,661 | |||||
RHI Magnesita NV |
132,739 | 2,481,013 | ||||||
* |
SolGold PLC |
1,288,015 | 217,788 | |||||
Synthomer PLC |
2,154,069 | 2,537,699 | ||||||
Victrex PLC |
545,312 | 10,066,884 | ||||||
Zotefoams PLC |
103,100 | 291,880 | ||||||
|
|
|||||||
TOTAL MATERIALS |
58,647,074 | |||||||
|
|
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares |
Value» | |||||||
REAL ESTATE (3.2%) |
| |||||||
CLS Holdings PLC |
4,103 | $ | 6,393 | |||||
Foxtons Group PLC |
1,351,763 | 455,933 | ||||||
Grainger PLC |
4,237,552 | 10,793,864 | ||||||
Harworth Group PLC |
30,381 | 40,898 | ||||||
Helical PLC |
846,617 | 3,380,985 | ||||||
* |
IWG PLC |
4,139,249 | 5,799,203 | |||||
LSL Property Services PLC |
445,897 | 1,300,183 | ||||||
Phoenix Spree Deutschland Ltd. |
15,813 | 50,971 | ||||||
Savills PLC |
965,499 | 8,475,238 | ||||||
Sirius Real Estate Ltd. |
3,453,136 | 2,722,550 | ||||||
Watkin Jones PLC |
961,788 | 1,626,988 | ||||||
|
|
|||||||
TOTAL REAL ESTATE |
34,653,206 | |||||||
|
|
|||||||
UTILITIES (4.5%) |
| |||||||
* |
Centrica PLC |
15,733,803 | 12,346,370 | |||||
W |
ContourGlobal PLC |
186,518 | 524,036 | |||||
Drax Group PLC |
2,494,304 | 16,595,272 | ||||||
Pennon Group PLC |
1,335,176 | 11,649,702 | ||||||
Telecom Plus PLC |
427,882 | 8,188,774 | ||||||
|
|
|||||||
TOTAL UTILITIES |
49,304,154 | |||||||
|
|
|||||||
TOTAL COMMON STOCKS |
1,077,796,261 | |||||||
|
|
Value | ||||||||
SECURITIES LENDING COLLATERAL (1.2%) |
| |||||||
@ § |
The DFA Short Term Investment Fund |
1,164,363 | 13,469,350 | |||||
|
|
|||||||
TOTAL INVESTMENTS (100.0%) |
||||||||
(Cost $1,420,960,124)^^ |
$ | 1,091,265,611 | ||||||
|
|
ADR | American Depositary Receipt |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
W | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Funds Liquidity Guidelines. The liquidity determination is unaudited. |
| Security valued using significant unobservable inputs (Level 3). |
| See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Summary of the Series investments as of September 30, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks |
||||||||||||||||
Communication Services |
$ | 20,139 | $ | 39,297,718 | | $ | 39,317,857 | |||||||||
Consumer Discretionary |
| 170,909,667 | $ | 106,267 | 171,015,934 | |||||||||||
Consumer Staples |
| 76,239,245 | | 76,239,245 | ||||||||||||
Energy |
| 47,486,000 | | 47,486,000 | ||||||||||||
Financials |
| 203,572,063 | 520 | 203,572,583 | ||||||||||||
Health Care |
| 53,133,875 | | 53,133,875 | ||||||||||||
Industrials |
153,762 | 245,387,489 | | 245,541,251 | ||||||||||||
Information Technology |
| 98,885,082 | | 98,885,082 | ||||||||||||
Materials |
| 58,647,074 | | 58,647,074 | ||||||||||||
Real Estate |
| 34,653,206 | | 34,653,206 | ||||||||||||
Utilities |
| 49,304,154 | | 49,304,154 | ||||||||||||
Securities Lending Collateral |
| 13,469,350 | | 13,469,350 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 173,901 | $ | 1,090,984,923 | $ | 106,787 | ^ | $ | 1,091,265,611 | |||||||
|
|
|
|
|
|
|
|
^ | A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets. |
THE CONTINENTAL SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Shares |
Value» | |||||||
COMMON STOCKS (93.9%) |
| |||||||
AUSTRIA (3.0%) |
| |||||||
Agrana Beteiligungs AG |
83,141 | $ | 1,148,923 | |||||
ANDRITZ AG |
444,373 | 18,805,774 | ||||||
# |
AT&S Austria Technologie & Systemtechnik AG |
196,167 | 6,402,637 | |||||
W |
BAWAG Group AG |
337,202 | 14,495,733 | |||||
CA Immobilien Anlagen AG |
86,607 | 2,574,868 | ||||||
# * |
DO & Co. AG |
46,272 | 3,069,813 | |||||
EVN AG |
246,314 | 4,101,376 | ||||||
* |
FACC AG |
144,102 | 851,186 | |||||
* |
Flughafen Wien AG |
12,084 | 389,632 | |||||
* |
Immofinanz AG |
681,828 | 0 | |||||
* |
Josef Manner & Comp AG |
870 | 87,993 | |||||
# * |
Kapsch TrafficCom AG |
29,728 | 316,983 | |||||
# |
Lenzing AG |
86,455 | 4,690,601 | |||||
# |
Mayr Melnhof Karton AG |
56,930 | 7,331,545 | |||||
Oberbank AG |
23,479 | 2,347,240 | ||||||
# |
Oesterreichische Post AG |
120,333 | 3,207,516 | |||||
Palfinger AG |
103,627 | 1,989,815 | ||||||
# |
POLYTEC Holding AG |
109,361 | 484,653 | |||||
Porr AG |
100,602 | 884,286 | ||||||
Raiffeisen Bank International AG |
135,980 | 1,608,742 | ||||||
# |
Rosenbauer International AG |
21,100 | 612,115 | |||||
Schoeller-Bleckmann Oilfield Equipment AG |
73,217 | 3,199,763 | ||||||
# |
Semperit AG Holding |
71,506 | 1,200,005 | |||||
Strabag SE |
106,594 | 4,019,532 | ||||||
Telekom Austria AG |
1,164,981 | 6,726,386 | ||||||
UBM Development AG |
21,002 | 554,880 | ||||||
UNIQA Insurance Group AG |
993,598 | 5,864,264 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe |
299,448 | 6,095,057 | ||||||
voestalpine AG |
578,178 | 9,794,469 | ||||||
Wienerberger AG |
681,129 | 13,671,481 | ||||||
Zumtobel Group AG |
155,917 | 911,592 | ||||||
|
|
|||||||
TOTAL AUSTRIA |
127,438,860 | |||||||
|
|
|||||||
BELGIUM (4.4%) |
| |||||||
Ackermans & van Haaren NV |
172,739 | 21,917,917 | ||||||
* |
AGFA-Gevaert NV |
1,252,462 | 3,704,457 | |||||
Atenor |
22,537 | 903,712 | ||||||
Banque Nationale de Belgique |
71 | 60,426 | ||||||
Barco NV |
470,132 | 10,011,470 | ||||||
Bekaert SA |
256,170 | 6,449,558 | ||||||
# * W |
Biocartis Group NV |
227,423 | 192,690 | |||||
# |
bpost SA |
371,051 | 1,988,703 | |||||
# * |
Cie dEntreprises CFE |
49,898 | 476,349 | |||||
Deceuninck NV |
480,813 | 894,092 | ||||||
* |
Deme Group NV |
49,898 | 5,171,556 | |||||
Dieteren Group |
126,086 | 17,765,564 | ||||||
Econocom Group SA |
727,792 | 1,804,614 | ||||||
Elia Group SA |
91,668 | 10,786,681 | ||||||
Etablissements Franz Colruyt NV |
116,932 | 2,570,332 | ||||||
# * |
Euronav NV |
1,350,857 | 21,072,982 | |||||
EVS Broadcast Equipment SA |
69,287 | 1,281,877 | ||||||
Exmar NV |
145,690 | 1,315,882 | ||||||
Fagron |
316,324 | 3,886,152 | ||||||
* |
Galapagos NV |
207,089 | 8,843,166 | |||||
Gimv NV |
126,391 | 5,426,490 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
BELGIUM (Continued) |
| |||||||||
* |
Greenyard NV |
2,890 | $ | 19,049 | ||||||
# |
Immobel SA |
23,226 | 1,013,564 | |||||||
Ion Beam Applications |
136,652 | 1,607,558 | ||||||||
Jensen-Group NV |
20,961 | 572,658 | ||||||||
* |
Kinepolis Group NV |
94,932 | 3,518,293 | |||||||
# |
Lotus Bakeries NV |
2,011 | 10,297,851 | |||||||
# * |
MDxHealth SA |
69,016 | 45,795 | |||||||
Melexis NV |
122,609 | 8,294,792 | ||||||||
# * |
Ontex Group NV |
391,988 | 2,105,111 | |||||||
Picanol |
19,584 | 1,323,884 | ||||||||
Proximus SADP |
807,234 | 8,369,455 | ||||||||
Recticel SA |
306,705 | 4,023,748 | ||||||||
# |
Roularta Media Group NV |
19,318 | 317,483 | |||||||
Shurgard Self Storage SA |
55,563 | 2,258,893 | ||||||||
Sipef NV |
38,999 | 2,056,480 | ||||||||
Telenet Group Holding NV |
243,024 | 3,341,238 | ||||||||
TER Beke SA |
3,765 | 327,959 | ||||||||
* |
Tessenderlo Group SA |
205,166 | 6,030,175 | |||||||
Van de Velde NV |
47,376 | 1,518,886 | ||||||||
VGP NV |
24,918 | 2,376,711 | ||||||||
Viohalco SA |
498,361 | 1,639,567 | ||||||||
|
|
|||||||||
TOTAL BELGIUM |
187,583,820 | |||||||||
|
|
|||||||||
CANADA (0.1%) |
| |||||||||
* |
International Petroleum Corp. |
409,767 | 3,282,276 | |||||||
|
|
|||||||||
DENMARK (6.3%) |
| |||||||||
* |
ALK-Abello AS |
918,859 | 14,481,014 | |||||||
Alm Brand AS |
5,816,051 | 7,105,769 | ||||||||
* |
Asetek AS |
19,672 | 21,507 | |||||||
# * |
Bang & Olufsen AS |
635,976 | 756,683 | |||||||
BankNordik P/F |
10,800 | 167,500 | ||||||||
# * |
Bavarian Nordic AS |
457,765 | 13,290,272 | |||||||
# * |
Better Collective AS |
79,678 | 1,005,701 | |||||||
# * |
Brodrene Hartmann AS |
16,148 | 459,977 | |||||||
* |
Cadeler AS |
63,427 | 194,732 | |||||||
# |
cBrain AS |
18,289 | 309,904 | |||||||
Chemometec AS |
81,365 | 6,154,449 | ||||||||
# |
Columbus AS |
490,087 | 427,977 | |||||||
D/S Norden AS |
203,501 | 8,584,943 | ||||||||
Dfds AS |
260,309 | 6,757,818 | ||||||||
# |
Djurslands Bank AS |
6,232 | 257,977 | |||||||
* |
Drilling Company of 1972 AS |
95,675 | 4,566,878 | |||||||
FLSmidth & Co. AS |
319,467 | 6,919,098 | ||||||||
Fluegger Group AS |
4,198 | 227,309 | ||||||||
GN Store Nord AS |
154,481 | 2,705,956 | ||||||||
GronlandsBANKEN AS |
1,125 | 88,224 | ||||||||
H Lundbeck AS |
1,391,862 | 4,448,677 | ||||||||
* |
H Lundbeck AS, Class A |
14,791 | 43,949 | |||||||
* |
H+H International AS, Class B |
131,547 | 1,721,632 | |||||||
* |
Harboes Bryggeri AS, Class B |
5,094 | 44,038 | |||||||
# * |
ISS AS |
927,711 | 14,301,773 | |||||||
Jeudan AS |
40,046 | 1,367,191 | ||||||||
* |
Jyske Bank AS |
445,581 | 23,189,123 | |||||||
Lan & Spar Bank |
4,895 | 419,892 | ||||||||
Matas AS |
287,314 | 2,546,815 | ||||||||
# * W |
Netcompany Group AS |
70,537 | 2,358,288 | |||||||
* |
Nilfisk Holding AS |
154,895 | 2,682,949 | |||||||
* |
NKT AS |
285,928 | 13,499,256 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
DENMARK (Continued) |
| |||||||||
# * W |
NNIT AS |
71,567 | $ | 495,087 | ||||||
North Media AS |
5,372 | 47,029 | ||||||||
# * |
NTG Nordic Transport Group AS, Class A |
13,802 | 342,542 | |||||||
* |
Parken Sport & Entertainment AS |
13,669 | 131,792 | |||||||
Per Aarsleff Holding AS |
134,378 | 3,294,364 | ||||||||
Ringkjoebing Landbobank AS |
197,936 | 20,987,144 | ||||||||
Rockwool AS, Class A |
421 | 66,801 | ||||||||
Rockwool AS, Class B |
12,994 | 2,049,644 | ||||||||
Royal Unibrew AS |
312,072 | 20,220,993 | ||||||||
# * |
RTX AS |
54,444 | 823,557 | |||||||
W |
Scandinavian Tobacco Group AS, Class A |
455,260 | 6,604,741 | |||||||
Schouw & Co. AS |
95,182 | 5,553,187 | ||||||||
SimCorp AS |
257,158 | 14,473,314 | ||||||||
Solar AS, Class B |
42,715 | 2,795,893 | ||||||||
SP Group AS |
4,788 | 131,850 | ||||||||
Spar Nord Bank AS |
609,820 | 6,805,434 | ||||||||
Sparekassen Sjaelland-Fyn AS |
1,651 | 33,224 | ||||||||
Sydbank AS |
464,342 | 12,717,277 | ||||||||
TCM Group AS |
2,578 | 22,340 | ||||||||
# * |
Tivoli AS |
9,878 | 912,027 | |||||||
Topdanmark AS |
399,560 | 18,683,982 | ||||||||
UIE PLC |
103,360 | 2,578,422 | ||||||||
* |
Zealand Pharma AS |
217,874 | 4,948,934 | |||||||
|
|
|||||||||
TOTAL DENMARK |
265,826,849 | |||||||||
|
|
|||||||||
FINLAND (5.3%) |
| |||||||||
Aktia Bank Oyj |
344,733 | 3,256,903 | ||||||||
# |
Alandsbanken Abp, Class B |
23,036 | 705,164 | |||||||
Alma Media Oyj |
133,889 | 1,041,186 | ||||||||
Apetit Oyj |
21,105 | 208,662 | ||||||||
Aspo Oyj |
106,324 | 767,742 | ||||||||
# |
Atria Oyj |
98,413 | 858,102 | |||||||
# |
Bittium Oyj |
204,447 | 743,289 | |||||||
Cargotec Oyj, Class B |
269,125 | 8,128,133 | ||||||||
Caverion Oyj |
645,461 | 2,705,325 | ||||||||
# |
Citycon Oyj |
452,512 | 2,830,389 | |||||||
Digia Oyj |
85,054 | 489,395 | ||||||||
# W |
Enento Group Oyj |
4,290 | 88,363 | |||||||
# * |
Finnair Oyj |
4,568,940 | 1,582,142 | |||||||
# |
Fiskars Oyj Abp |
215,530 | 3,125,575 | |||||||
* |
F-Secure Oyj |
730,842 | 1,755,225 | |||||||
Glaston OYJ ABP |
9,217 | 7,991 | ||||||||
# |
Harvia Oyj |
70,873 | 964,647 | |||||||
# |
HKScan Oyj, Class A |
234,984 | 227,579 | |||||||
Huhtamaki Oyj |
643,085 | 20,451,954 | ||||||||
Ilkka Oyj |
58,887 | 195,302 | ||||||||
# |
Kamux Corp. |
59,097 | 304,770 | |||||||
Kemira Oyj |
751,311 | 8,325,059 | ||||||||
Kojamo Oyj |
622,080 | 8,011,782 | ||||||||
Konecranes Oyj |
406,382 | 8,073,802 | ||||||||
# |
Lassila & Tikanoja Oyj |
219,184 | 2,136,873 | |||||||
Marimekko Oyj |
32,944 | 279,420 | ||||||||
Metsa Board Oyj, Class B |
1,216,871 | 8,845,127 | ||||||||
Metso Outotec Oyj |
182,863 | 1,212,669 | ||||||||
* |
Multitude SE |
31,745 | 68,367 | |||||||
Musti Group Oyj |
68,620 | 1,191,614 | ||||||||
Nokian Renkaat Oyj |
804,384 | 7,743,392 | ||||||||
Olvi Oyj, Class A |
99,753 | 3,076,718 | ||||||||
Oma Saastopankki Oyj |
8,486 | 144,676 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FINLAND (Continued) |
| |||||||||
Oriola Oyj, Class A |
6,054 | $ | 10,922 | |||||||
Oriola Oyj, Class B |
880,807 | 1,539,980 | ||||||||
Orion Oyj, Class B |
719,045 | 30,277,150 | ||||||||
Outokumpu Oyj |
2,443,351 | 8,367,088 | ||||||||
Pihlajalinna Oyj |
80,774 | 730,408 | ||||||||
# |
Ponsse Oyj |
71,199 | 1,721,671 | |||||||
# * |
QT Group Oyj |
56,665 | 2,147,854 | |||||||
Raisio Oyj, Class V |
985,362 | 1,815,919 | ||||||||
Rapala VMC Oyj |
116,693 | 502,556 | ||||||||
Revenio Group Oyj |
141,280 | 5,242,872 | ||||||||
# W |
Rovio Entertainment Oyj |
42,808 | 238,005 | |||||||
Sanoma Oyj |
722,281 | 8,660,550 | ||||||||
Taaleri Oyj |
8,120 | 72,804 | ||||||||
# |
Talenom Oyj |
7,120 | 61,010 | |||||||
Teleste Oyj |
52,966 | 171,404 | ||||||||
W |
Terveystalo Oyj |
139,213 | 1,124,097 | |||||||
TietoEVRY Oyj |
552,526 | 12,502,498 | ||||||||
# |
Tokmanni Group Corp. |
348,970 | 3,805,962 | |||||||
Uponor Oyj |
391,564 | 5,145,720 | ||||||||
Vaisala Oyj, Class A |
125,217 | 4,584,910 | ||||||||
Valmet Oyj |
1,009,230 | 20,402,814 | ||||||||
# |
Verkkokauppa.com Oyj |
13,945 | 41,635 | |||||||
# * |
Viking Line Abp |
11,073 | 133,950 | |||||||
# |
Wartsila OYJ Abp |
1,387,620 | 8,863,993 | |||||||
# * |
WithSecure Oyj |
730,842 | 1,147,629 | |||||||
# |
YIT Oyj |
1,226,667 | 3,438,562 | |||||||
|
|
|||||||||
TOTAL FINLAND |
222,299,300 | |||||||||
|
|
|||||||||
FRANCE (10.1%) |
| |||||||||
ABC arbitrage |
185,857 | 1,166,161 | ||||||||
* |
Air France-KLM |
1,207,794 | 1,521,053 | |||||||
AKWEL |
68,408 | 979,960 | ||||||||
# W |
ALD SA |
123,912 | 1,142,205 | |||||||
Altamir |
136,094 | 3,043,738 | ||||||||
Alten SA |
122,507 | 13,462,272 | ||||||||
Assystem SA |
61,561 | 2,121,623 | ||||||||
# * |
Atos SE |
337,963 | 2,671,719 | |||||||
Aubay |
52,444 | 2,234,517 | ||||||||
# |
Axway Software SA |
38,973 | 646,532 | |||||||
# |
Bastide le Confort Medical |
18,680 | 522,287 | |||||||
Beneteau SA |
251,906 | 2,585,998 | ||||||||
# |
Bigben Interactive |
101,428 | 1,035,298 | |||||||
Boiron SA |
38,341 | 1,660,624 | ||||||||
# |
Bonduelle SCA |
104,339 | 1,154,210 | |||||||
* |
Bourbon Corp. |
28,851 | 0 | |||||||
Burelle SA |
833 | 369,954 | ||||||||
# * |
Casino Guichard Perrachon SA |
265,777 | 2,486,215 | |||||||
Catana Group |
47,853 | 258,065 | ||||||||
# |
Catering International Services |
12,144 | 103,256 | |||||||
# |
Cegedim SA |
41,911 | 582,307 | |||||||
* |
CGG SA |
4,492,509 | 3,121,425 | |||||||
# |
Chargeurs SA |
144,516 | 1,665,640 | |||||||
* |
Cie des Alpes |
137,830 | 1,659,222 | |||||||
Cie Plastic Omnium SA |
411,439 | 5,394,383 | ||||||||
# * |
Claranova SE |
66,462 | 173,480 | |||||||
* |
Coface SA |
765,331 | 7,313,477 | |||||||
Derichebourg SA |
739,624 | 2,947,073 | ||||||||
* |
Ekinops SAS |
7,393 | 45,440 | |||||||
Electricite de Strasbourg SA |
21,112 | 1,879,033 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FRANCE (Continued) |
| |||||||||
# * W |
Elior Group SA |
767,831 | $ | 1,399,621 | ||||||
Elis SA |
1,251,812 | 12,621,040 | ||||||||
Equasens |
8,599 | 510,563 | ||||||||
Eramet SA |
79,089 | 6,225,180 | ||||||||
# * |
Esso SA Francaise |
4,117 | 179,987 | |||||||
Etablissements Maurel et Prom SA |
385,475 | 1,501,409 | ||||||||
Eurazeo SE |
95,593 | 4,988,176 | ||||||||
Eutelsat Communications SA |
1,264,009 | 9,763,472 | ||||||||
Exel Industries, Class A |
10,459 | 358,771 | ||||||||
* |
Faurecia SE |
784,980 | 8,497,263 | |||||||
Fnac Darty SA |
96,249 | 2,660,401 | ||||||||
* |
Gaumont SA |
10,715 | 1,059,633 | |||||||
Gaztransport Et Technigaz SA |
161,171 | 17,771,262 | ||||||||
# |
GEA |
2,433 | 190,363 | |||||||
* |
Genfit |
11,113 | 41,175 | |||||||
* |
GL Events |
58,364 | 849,664 | |||||||
Groupe Crit |
22,187 | 1,215,220 | ||||||||
* |
Groupe Gorge SA |
4,320 | 71,150 | |||||||
Groupe SFPI |
21,754 | 44,627 | ||||||||
Guerbet |
41,961 | 663,911 | ||||||||
# |
Guillemot Corp. |
2,527 | 29,858 | |||||||
# |
Haulotte Group SA |
73,020 | 189,860 | |||||||
HEXAOM |
15,908 | 260,987 | ||||||||
* |
ID Logistics Group |
14,970 | 3,677,829 | |||||||
Imerys SA |
231,218 | 6,974,485 | ||||||||
Infotel SA |
637 | 29,863 | ||||||||
# * |
Innate Pharma SA |
15,558 | 31,749 | |||||||
IPSOS |
296,328 | 13,242,649 | ||||||||
Jacquet Metals SACA |
93,637 | 1,165,641 | ||||||||
* |
JCDecaux SA |
271,301 | 3,183,273 | |||||||
# |
Kaufman & Broad SA |
123,411 | 2,418,414 | |||||||
Korian SA |
474,465 | 4,835,758 | ||||||||
Laurent-Perrier |
13,997 | 1,318,477 | ||||||||
# |
Lectra |
150,063 | 4,156,768 | |||||||
Linedata Services |
16,071 | 546,406 | ||||||||
LISI |
124,665 | 2,180,813 | ||||||||
# |
LNA Sante SA |
33,206 | 940,559 | |||||||
# W |
Maisons du Monde SA |
178,143 | 1,399,375 | |||||||
Manitou BF SA |
69,984 | 1,121,404 | ||||||||
Manutan International |
15,102 | 890,618 | ||||||||
Mersen SA |
128,079 | 3,546,951 | ||||||||
Metropole Television SA |
253,936 | 3,065,726 | ||||||||
# * |
Nacon SA |
44,739 | 178,792 | |||||||
# W |
Neoen SA |
24,981 | 832,509 | |||||||
Nexans SA |
198,522 | 17,672,041 | ||||||||
Nexity SA |
309,173 | 6,276,694 | ||||||||
# * |
Nicox |
145,865 | 245,420 | |||||||
NRJ Group |
87,189 | 536,724 | ||||||||
# |
Oeneo SA |
128,172 | 1,853,556 | |||||||
* |
OL Groupe SA |
10,735 | 29,651 | |||||||
# * |
Onxeo SA |
48,958 | 11,207 | |||||||
# * |
Orpea SA |
45,620 | 498,247 | |||||||
# |
Plastiques Du Val De Loire |
14,341 | 50,928 | |||||||
* |
Prodways Group SA |
6,480 | 20,258 | |||||||
Quadient SA |
220,547 | 3,052,604 | ||||||||
# * |
Rallye SA |
6,989 | 18,202 | |||||||
# * |
Recylex SA |
102,008 | 34,641 | |||||||
Rexel SA |
1,687,054 | 25,283,464 | ||||||||
Robertet SA |
1,340 | 1,074,660 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FRANCE (Continued) |
| |||||||||
Rothschild & Co. |
141,560 | $ | 4,627,305 | |||||||
Rubis SCA |
601,544 | 12,518,237 | ||||||||
# |
Samse SA |
7,930 | 1,310,469 | |||||||
Savencia SA |
35,032 | 1,749,634 | ||||||||
SCOR SE |
685,317 | 9,907,885 | ||||||||
SEB SA |
11,233 | 706,565 | ||||||||
Seche Environnement SA |
21,328 | 1,584,353 | ||||||||
SES SA |
1,742,482 | 9,543,907 | ||||||||
* W |
SMCP SA |
71,339 | 356,596 | |||||||
Societe BIC SA |
178,902 | 11,347,882 | ||||||||
* |
Societe des Bains de Mer et du Cercle des Etrangers a Monaco |
37,677 | 3,118,386 | |||||||
Societe pour lInformatique Industrielle |
56,188 | 2,362,745 | ||||||||
* |
SOITEC |
134,940 | 15,407,925 | |||||||
# * |
Solocal Group |
681,417 | 516,188 | |||||||
Somfy SA |
88,329 | 8,186,076 | ||||||||
Sopra Steria Group SACA |
120,286 | 15,218,276 | ||||||||
SPIE SA |
887,677 | 18,593,058 | ||||||||
# * W |
SRP Groupe SA |
56,827 | 66,493 | |||||||
Stef SA |
25,714 | 1,884,555 | ||||||||
Sword Group |
37,202 | 1,324,488 | ||||||||
Synergie SE |
67,143 | 1,567,026 | ||||||||
Technicolor Creative Studios SA |
81,942 | 156,599 | ||||||||
Technip Energies NV |
356,282 | 4,037,659 | ||||||||
# |
Television Francaise 1 |
412,012 | 2,353,744 | |||||||
# |
TFF Group |
9,347 | 309,114 | |||||||
Thermador Groupe |
37,127 | 2,468,561 | ||||||||
# |
Tikehau Capital SCA |
30,080 | 727,878 | |||||||
Totalenergies EP Gabon |
4,026 | 590,545 | ||||||||
Trigano SA |
62,717 | 5,507,099 | ||||||||
* |
Ubisoft Entertainment SA |
240,260 | 6,602,950 | |||||||
# |
Union Financiere de France BQE SA |
18,515 | 231,965 | |||||||
Valeo SA |
674,236 | 10,187,609 | ||||||||
* |
Vallourec SA |
577,711 | 5,536,063 | |||||||
* |
Vantiva SA |
81,942 | 82,030 | |||||||
W |
Verallia SA |
186,585 | 4,194,761 | |||||||
# |
Vetoquinol SA |
15,514 | 1,213,121 | |||||||
Vicat SA |
115,287 | 2,589,108 | ||||||||
VIEL & Cie SA |
156,945 | 872,089 | ||||||||
Vilmorin & Cie SA |
35,845 | 1,403,269 | ||||||||
Virbac SA |
28,641 | 7,450,122 | ||||||||
# * |
Voltalia SA |
10,574 | 185,375 | |||||||
Vranken-Pommery Monopole SA |
16,787 | 264,591 | ||||||||
Wavestone |
9,891 | 426,099 | ||||||||
* W |
X-Fab Silicon Foundries SE |
168,469 | 834,257 | |||||||
* |
Xilam Animation SA |
415 | 13,018 | |||||||
|
|
|||||||||
TOTAL FRANCE |
427,572,791 | |||||||||
|
|
|||||||||
GERMANY (13.3%) |
| |||||||||
1&1 AG |
253,564 | 3,359,134 | ||||||||
7C Solarparken AG |
139,107 | 630,372 | ||||||||
* |
Aareal Bank AG |
523,741 | 16,514,628 | |||||||
Adesso SE |
7,240 | 728,008 | ||||||||
# * W |
ADLER Group SA |
14,952 | 30,396 | |||||||
AIXTRON SE |
405,671 | 9,758,126 | ||||||||
All for One Group SE |
4,503 | 196,740 | ||||||||
Allgeier SE |
58,776 | 1,542,331 | ||||||||
Amadeus Fire AG |
10,417 | 850,322 | ||||||||
# |
Aroundtown SA |
432,156 | 946,293 | |||||||
Atoss Software AG |
16,166 | 1,801,796 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
Aurubis AG |
287,683 | $ | 15,018,398 | |||||||
# * W |
Auto1 Group SE |
4,816 | 30,110 | |||||||
# |
Basler AG |
108,156 | 2,456,470 | |||||||
# * |
Bauer AG |
99,166 | 620,702 | |||||||
# |
BayWa AG |
105,190 | 4,201,522 | |||||||
BayWa AG |
124 | 6,271 | ||||||||
# |
Bechtle AG |
79,895 | 2,872,135 | |||||||
W |
Befesa SA |
88,473 | 2,684,921 | |||||||
Bertrandt AG |
38,449 | 1,255,742 | ||||||||
# * |
bet-at-home.com AG |
21,522 | 93,152 | |||||||
* |
Bijou Brigitte AG |
23,422 | 706,618 | |||||||
# |
Bilfinger SE |
207,655 | 5,198,164 | |||||||
# * |
Borussia Dortmund GmbH & Co. KGaA |
665,682 | 2,154,407 | |||||||
CANCOM SE |
253,430 | 5,980,142 | ||||||||
# |
CECONOMY AG |
1,120,535 | 1,301,846 | |||||||
CENIT AG |
57,781 | 728,668 | ||||||||
Cewe Stiftung & Co. KGAA |
45,952 | 3,337,717 | ||||||||
CompuGroup Medical SE & Co. KgaA |
192,725 | 6,648,707 | ||||||||
CropEnergies AG |
187,944 | 2,254,558 | ||||||||
* |
CTS Eventim AG & Co. KGaA |
103,611 | 4,262,751 | |||||||
Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen |
11,455 | 593,664 | ||||||||
Dermapharm Holding SE |
78,722 | 2,855,137 | ||||||||
# |
Deutsche Beteiligungs AG |
115,972 | 2,441,373 | |||||||
W |
Deutsche Pfandbriefbank AG |
1,147,894 | 7,899,681 | |||||||
Deutz AG |
1,013,867 | 3,139,156 | ||||||||
DIC Asset AG |
383,365 | 2,902,508 | ||||||||
DMG Mori AG |
4,496 | 180,870 | ||||||||
# |
Dr Hoenle AG |
35,520 | 501,925 | |||||||
Draegerwerk AG & Co. KGaA |
20,476 | 754,028 | ||||||||
# |
Duerr AG |
393,605 | 8,184,547 | |||||||
W |
DWS Group GmbH & Co. KGaA |
4,604 | 109,595 | |||||||
# |
Eckert & Ziegler Strahlen- und Medizintechnik AG |
102,697 | 3,411,284 | |||||||
EDAG Engineering Group AG |
51,353 | 506,546 | ||||||||
Elmos Semiconductor SE |
7,537 | 283,794 | ||||||||
ElringKlinger AG |
192,671 | 1,106,499 | ||||||||
Encavis AG |
489,249 | 8,744,302 | ||||||||
# |
Energiekontor AG |
14,122 | 1,150,851 | |||||||
* |
Evotec SE |
7,644 | 132,897 | |||||||
Fabasoft AG |
509 | 8,140 | ||||||||
# |
Fielmann AG |
154,321 | 4,952,634 | |||||||
# * |
flatexDEGIRO AG |
93,420 | 831,597 | |||||||
* |
Fraport AG Frankfurt Airport Services Worldwide |
208,969 | 7,514,241 | |||||||
Freenet AG |
1,042,536 | 19,757,552 | ||||||||
Fuchs Petrolub SE |
115,255 | 2,539,776 | ||||||||
GEA Group AG |
162,315 | 5,252,993 | ||||||||
Gerresheimer AG |
240,843 | 11,759,361 | ||||||||
Gesco AG |
55,404 | 1,185,925 | ||||||||
GFT Technologies SE |
168,983 | 5,028,687 | ||||||||
* |
GK Software SE |
581 | 61,831 | |||||||
* |
Global Fashion Group SA |
76,275 | 83,138 | |||||||
# |
Grand City Properties SA |
814,875 | 8,074,691 | |||||||
# |
GRENKE AG |
9,184 | 167,159 | |||||||
* |
H&R GmbH & Co. KGaA |
71,674 | 396,285 | |||||||
Hamburger Hafen und Logistik AG |
189,581 | 2,060,612 | ||||||||
Hawesko Holding AG |
313 | 10,590 | ||||||||
# * |
Heidelberger Druckmaschinen AG |
1,919,276 | 2,158,496 | |||||||
# * |
HelloFresh SE |
125,989 | 2,637,190 | |||||||
Hensoldt AG |
94,204 | 1,880,820 | ||||||||
* |
Highlight Communications AG |
98,406 | 361,095 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
Hochtief AG |
45,150 | $ | 2,137,199 | |||||||
Hornbach Holding AG & Co. KGaA |
56,348 | 3,534,068 | ||||||||
HUGO BOSS AG |
426,713 | 19,868,105 | ||||||||
# * |
Hypoport SE |
7,011 | 618,850 | |||||||
Indus Holding AG |
138,578 | 2,461,286 | ||||||||
W |
Instone Real Estate Group SE |
41,523 | 343,285 | |||||||
IVU Traffic Technologies AG |
51,403 | 635,451 | ||||||||
Jenoptik AG |
405,384 | 7,980,259 | ||||||||
# W |
JOST Werke AG |
7,900 | 275,440 | |||||||
K&S AG |
1,430,163 | 27,082,990 | ||||||||
KION Group AG |
56,863 | 1,088,992 | ||||||||
Kloeckner & Co. SE |
506,896 | 3,867,305 | ||||||||
# |
Knaus Tabbert AG |
1,753 | 45,833 | |||||||
# * |
Koenig & Bauer AG |
89,315 | 986,554 | |||||||
# |
Kontron AG |
346,499 | 4,892,685 | |||||||
Krones AG |
112,799 | 9,912,847 | ||||||||
KSB SE & Co. KGaA |
3,293 | 1,127,930 | ||||||||
KWS Saat SE & Co. KGaA |
83,735 | 4,625,621 | ||||||||
Lanxess AG |
577,941 | 16,819,151 | ||||||||
LEG Immobilien SE |
29,040 | 1,733,386 | ||||||||
# |
Leifheit AG |
60,643 | 788,963 | |||||||
# * |
Leoni AG |
176,283 | 1,054,493 | |||||||
# * |
Manz AG |
25,896 | 642,316 | |||||||
* |
Mediclin AG |
82,946 | 249,644 | |||||||
* |
Medigene AG |
116,971 | 248,649 | |||||||
* |
METRO AG |
779,886 | 5,436,585 | |||||||
MLP SE |
440,536 | 2,241,878 | ||||||||
# * |
Nagarro SE |
61,364 | 5,391,360 | |||||||
# |
New Work SE |
20,199 | 2,416,097 | |||||||
Nexus AG |
99,836 | 4,658,230 | ||||||||
# * |
Nordex SE |
967,673 | 7,624,904 | |||||||
Norma Group SE |
219,343 | 2,954,271 | ||||||||
OHB SE |
38,571 | 1,143,387 | ||||||||
Patrizia SE |
348,340 | 3,598,277 | ||||||||
Pfeiffer Vacuum Technology AG |
48,041 | 5,920,513 | ||||||||
# |
PNE AG |
491,579 | 8,496,257 | |||||||
Progress-Werk Oberkirch AG |
8,558 | 197,837 | ||||||||
# |
ProSiebenSat.1 Media SE |
1,391,977 | 9,862,095 | |||||||
# |
PSI Software AG |
70,343 | 1,340,117 | |||||||
* |
PVA TePla AG |
86,836 | 1,256,800 | |||||||
* |
q.beyond AG |
765,281 | 567,027 | |||||||
* |
R Stahl AG |
14,952 | 170,732 | |||||||
Rational AG |
40 | 19,373 | ||||||||
Rheinmetall AG |
211,394 | 32,547,796 | ||||||||
SAF-Holland SE |
337,211 | 2,019,772 | ||||||||
# |
Salzgitter AG |
264,670 | 5,011,913 | |||||||
Schloss Wachenheim AG |
6,929 | 113,502 | ||||||||
# W |
Scout24 SE |
302,097 | 15,138,200 | |||||||
Secunet Security Networks AG |
8,338 | 1,488,357 | ||||||||
# * |
SGL Carbon SE |
337,757 | 1,957,433 | |||||||
Siltronic AG |
146,283 | 8,249,694 | ||||||||
Sixt SE |
96,820 | 7,701,139 | ||||||||
* |
SMA Solar Technology AG |
59,742 | 2,770,649 | |||||||
* |
SNP Schneider-Neureither & Partner SE |
3,170 | 47,608 | |||||||
Softing AG |
14,914 | 80,229 | ||||||||
# |
Software AG |
393,922 | 8,981,388 | |||||||
Stabilus SE |
175,916 | 7,734,374 | ||||||||
STRATEC SE |
33,736 | 2,681,003 | ||||||||
Stroeer SE & Co. KGaA |
203,324 | 7,658,280 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
Suedzucker AG |
526,208 | $ | 6,360,665 | |||||||
# |
SUESS MicroTec SE |
148,771 | 1,430,898 | |||||||
Surteco Group SE |
47,139 | 874,677 | ||||||||
# |
Synlab AG |
13,980 | 172,876 | |||||||
# |
TAG Immobilien AG |
1,209,596 | 9,653,233 | |||||||
# |
Takkt AG |
250,065 | 2,306,583 | |||||||
# * W |
TeamViewer AG |
509,264 | 3,930,250 | |||||||
Technotrans SE |
46,673 | 1,144,164 | ||||||||
# * |
thyssenkrupp AG |
1,876,072 | 7,948,885 | |||||||
Traffic Systems SE |
37,280 | 619,535 | ||||||||
United Internet AG |
61,137 | 1,142,886 | ||||||||
# * |
va-Q-tec AG |
2,370 | 23,111 | |||||||
# |
Varta AG |
24,311 | 689,368 | |||||||
VERBIO Vereinigte BioEnergie AG |
169,400 | 9,995,816 | ||||||||
* |
Vitesco Technologies Group AG, Class A |
10,364 | 503,866 | |||||||
Vossloh AG |
76,106 | 2,308,393 | ||||||||
Wacker Chemie AG |
16,328 | 1,678,618 | ||||||||
Wacker Neuson SE |
227,890 | 2,975,737 | ||||||||
# |
Washtec AG |
86,629 | 2,736,827 | |||||||
# * |
Westwing Group SE |
41,567 | 226,201 | |||||||
Wuestenrot & Wuerttembergische AG |
119,837 | 1,595,262 | ||||||||
Zeal Network SE |
53,966 | 1,388,013 | ||||||||
|
|
|||||||||
TOTAL GERMANY |
559,996,860 | |||||||||
|
|
|||||||||
GREECE (0.0%) |
| |||||||||
* |
Alfa Alfa Energy SA |
3,810 | 0 | |||||||
* |
Neorion Holdings SA |
14,991 | 0 | |||||||
|
|
|||||||||
IRELAND (1.5%) |
| |||||||||
AIB Group PLC |
885,140 | 2,154,075 | ||||||||
Bank of Ireland Group PLC |
6,339,548 | 40,661,759 | ||||||||
Cairn Homes PLC |
1,908,875 | 1,544,201 | ||||||||
* |
Dalata Hotel Group PLC |
287,904 | 795,778 | |||||||
* |
Datalex PLC |
37 | 20 | |||||||
FBD Holdings PLC |
142,812 | 1,407,549 | ||||||||
Glanbia PLC |
1,151,741 | 13,277,513 | ||||||||
* W |
Glenveagh Properties PLC |
957,454 | 833,113 | |||||||
Irish Continental Group PLC |
820,853 | 3,130,362 | ||||||||
* |
Permanent TSB Group Holdings PLC |
268,168 | 411,677 | |||||||
|
|
|||||||||
TOTAL IRELAND |
64,216,047 | |||||||||
|
|
|||||||||
ISRAEL (3.9%) |
| |||||||||
# |
Adgar Investment & Development Ltd. |
105,459 | 187,201 | |||||||
Afcon Holdings Ltd. |
3,064 | 152,953 | ||||||||
AFI Properties Ltd. |
100,052 | 3,563,475 | ||||||||
Africa Israel Residences Ltd. |
13,924 | 603,108 | ||||||||
* |
Airport City Ltd. |
138,455 | 2,190,585 | |||||||
# * |
Allot Ltd. |
189,485 | 720,183 | |||||||
# |
Alrov Properties & Lodgings Ltd. |
49,832 | 2,987,089 | |||||||
Arad Ltd. |
28,474 | 347,724 | ||||||||
Ashtrom Group Ltd. |
119,017 | 2,491,472 | ||||||||
AudioCodes Ltd. |
25,159 | 543,692 | ||||||||
Aura Investments Ltd. |
334,602 | 574,252 | ||||||||
Automatic Bank Services Ltd. |
11,760 | 51,098 | ||||||||
* |
Avgol Industries 1953 Ltd. |
468,925 | 291,246 | |||||||
Azorim-Investment Development & Construction Co. Ltd. |
575,905 | 1,985,531 | ||||||||
# * |
Bet Shemesh Engines Holdings 1997 Ltd. |
30,236 | 713,621 | |||||||
Blue Square Real Estate Ltd. |
37,333 | 2,261,902 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ISRAEL (Continued) |
| |||||||||
* |
Brack Capital Properties NV |
18,347 | $ | 2,110,937 | ||||||
# * |
Brainsway Ltd. |
17,217 | 32,480 | |||||||
* |
Camtek Ltd. |
23,329 | 539,791 | |||||||
Carasso Motors Ltd. |
132,164 | 723,032 | ||||||||
* |
Cellcom Israel Ltd. |
497,683 | 2,524,334 | |||||||
* |
Ceragon Networks Ltd. |
266,244 | 489,889 | |||||||
* |
Clal Insurance Enterprises Holdings Ltd. |
321,004 | 5,427,319 | |||||||
# * |
Compugen Ltd. |
113,943 | 85,591 | |||||||
# |
Danel Adir Yeoshua Ltd. |
24,002 | 2,510,037 | |||||||
# |
Delek Automotive Systems Ltd. |
260,248 | 3,513,538 | |||||||
* |
Delek Group Ltd. |
44,438 | 7,015,531 | |||||||
Delta Galil Industries Ltd. |
75,453 | 3,485,910 | ||||||||
Dor Alon Energy in Israel 1988 Ltd. |
17,532 | 579,907 | ||||||||
Duniec Brothers Ltd. |
1,364 | 72,746 | ||||||||
# |
Electra Consumer Products 1970 Ltd. |
43,403 | 1,574,659 | |||||||
Electra Ltd. |
8,553 | 4,785,229 | ||||||||
Electra Real Estate Ltd. |
44,441 | 593,407 | ||||||||
* |
Ellomay Capital Ltd. |
2,597 | 53,285 | |||||||
Energix-Renewable Energies Ltd. |
79,976 | 310,573 | ||||||||
# * |
Enlight Renewable Energy Ltd. |
2,452,916 | 5,169,628 | |||||||
# * |
Equital Ltd. |
130,022 | 3,787,664 | |||||||
* |
Fattal Holdings 1998 Ltd. |
6,068 | 586,411 | |||||||
FMS Enterprises Migun Ltd. |
19,186 | 603,068 | ||||||||
Formula Systems 1985 Ltd. |
63,943 | 5,193,098 | ||||||||
Formula Systems 1985 Ltd., Sponsored ADR |
640 | 51,712 | ||||||||
Fox Wizel Ltd. |
48,354 | 5,475,700 | ||||||||
Gav-Yam Lands Corp. Ltd. |
423,939 | 3,487,842 | ||||||||
# * |
Gilat Satellite Networks Ltd. |
236,247 | 1,232,027 | |||||||
# * |
Hagag Group Real Estate Development |
16,780 | 88,824 | |||||||
Harel Insurance Investments & Financial Services Ltd. |
454,879 | 3,998,440 | ||||||||
Hilan Ltd. |
106,225 | 5,673,728 | ||||||||
IDI Insurance Co. Ltd. |
47,574 | 1,284,220 | ||||||||
IES Holdings Ltd. |
1,354 | 101,016 | ||||||||
Ilex Medical Ltd. |
4,067 | 93,165 | ||||||||
# |
Infinya Ltd. |
21,885 | 2,029,595 | |||||||
Inrom Construction Industries Ltd. |
367,899 | 1,451,123 | ||||||||
Isracard Ltd. |
144,925 | 397,260 | ||||||||
# |
Israel Canada T.R Ltd. |
220,206 | 729,944 | |||||||
# |
Israel Land DevelopmentUrban Renewal Ltd. |
76,173 | 1,042,182 | |||||||
Isras Investment Co. Ltd. |
5,893 | 1,077,665 | ||||||||
Issta Lines Ltd. |
16,402 | 423,049 | ||||||||
# * |
Kamada Ltd. |
212,977 | 942,224 | |||||||
Kardan Real Estate Enterprise & Development Ltd. |
24,718 | 25,375 | ||||||||
Kenon Holdings Ltd. |
92,992 | 3,164,850 | ||||||||
Kerur Holdings Ltd. |
33,018 | 762,608 | ||||||||
Klil Industries Ltd. |
5,696 | 462,564 | ||||||||
Lahav L.R. Real Estate Ltd. |
9,407 | 10,730 | ||||||||
Levinstein Properties Ltd. |
377 | 9,529 | ||||||||
M Yochananof & Sons Ltd. |
5,479 | 312,718 | ||||||||
Magic Software Enterprises Ltd. |
152,541 | 2,361,919 | ||||||||
# |
Malam Team Ltd. |
10,222 | 223,198 | |||||||
Matrix IT Ltd. |
233,856 | 5,287,815 | ||||||||
Max Stock Ltd. |
7,391 | 10,740 | ||||||||
# |
Maytronics Ltd. |
165,369 | 2,039,088 | |||||||
# |
Mediterranean Towers Ltd. |
434,044 | 1,243,813 | |||||||
Mega Or Holdings Ltd. |
85,860 | 2,491,400 | ||||||||
* |
Mehadrin Ltd. |
1,666 | 68,028 | |||||||
Meitav Investments House Ltd. |
132,413 | 494,510 | ||||||||
* |
Menora Mivtachim Holdings Ltd. |
186,995 | 3,580,740 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ISRAEL (Continued) |
| |||||||||
Meshulam Levinstein Contracting & Engineering Ltd. |
310 | $ | 23,708 | |||||||
Migdal Insurance & Financial Holdings Ltd. |
2,008,915 | 2,669,209 | ||||||||
# |
Mivtach Shamir Holdings Ltd. |
30,255 | 712,069 | |||||||
Mizrahi Tefahot Bank Ltd. |
1 | 36 | ||||||||
# * |
Naphtha Israel Petroleum Corp. Ltd. |
244,337 | 1,276,880 | |||||||
Nawi Brothers Ltd. |
68,328 | 504,009 | ||||||||
* |
Neto Malinda Trading Ltd. |
4,663 | 143,793 | |||||||
Neto ME Holdings Ltd. |
12,167 | 519,200 | ||||||||
* |
Nova Ltd. |
7,818 | 671,446 | |||||||
Novolog Ltd. |
200,415 | 165,982 | ||||||||
* |
NR Spuntech Industries Ltd. |
76,176 | 87,632 | |||||||
Oil Refineries Ltd. |
12,221,338 | 4,169,364 | ||||||||
One Software Technologies Ltd. |
48,820 | 737,330 | ||||||||
* |
OPC Energy Ltd. |
76,073 | 845,977 | |||||||
Palram Industries 1990 Ltd. |
1,112 | 12,090 | ||||||||
* |
Partner Communications Co. Ltd. |
859,128 | 6,190,910 | |||||||
* |
Paz Oil Co. Ltd. |
61,942 | 6,769,498 | |||||||
* |
Perion Network Ltd. |
101,332 | 1,936,441 | |||||||
# |
Plasson Industries Ltd. |
21,191 | 1,007,600 | |||||||
Prashkovsky Investments & Construction Ltd. |
10,063 | 284,046 | ||||||||
# * |
Priortech Ltd. |
9,623 | 199,360 | |||||||
# |
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. |
52,258 | 3,744,926 | |||||||
Retailors Ltd. |
1,167 | 24,077 | ||||||||
# |
Scope Metals Group Ltd. |
47,147 | 2,047,921 | |||||||
Shufersal Ltd. |
55,211 | 345,208 | ||||||||
Summit Real Estate Holdings Ltd. |
222,691 | 3,113,309 | ||||||||
Suny Cellular Communication Ltd. |
312,529 | 157,805 | ||||||||
Tadiran Group Ltd. |
16,763 | 2,352,199 | ||||||||
# W |
Tamar Petroleum Ltd. |
38,322 | 127,626 | |||||||
# |
Tel Aviv Stock Exchange Ltd. |
21,464 | 110,812 | |||||||
* |
Tera Light Ltd. |
87,259 | 155,281 | |||||||
# |
Tiv Taam Holdings 1 Ltd. |
39,749 | 84,841 | |||||||
* |
Victory Supermarket Chain Ltd. |
5,213 | 69,778 | |||||||
YH Dimri Construction & Development Ltd. |
17,878 | 1,208,528 | ||||||||
|
|
|||||||||
TOTAL ISRAEL |
166,031,428 | |||||||||
|
|
|||||||||
ITALY (8.1%) |
| |||||||||
A2A SpA |
10,137,181 | 9,847,806 | ||||||||
ACEA SpA |
380,238 | 4,128,198 | ||||||||
* |
Aeffe SpA |
177,250 | 191,793 | |||||||
W |
Anima Holding SpA |
2,011,541 | 5,709,598 | |||||||
Aquafil SpA |
83,333 | 447,019 | ||||||||
Arnoldo Mondadori Editore SpA |
1,122,764 | 1,678,365 | ||||||||
Ascopiave SpA |
477,634 | 985,321 | ||||||||
* |
Autogrill SpA |
102,824 | 631,308 | |||||||
Autostrade Meridionali SpA |
3,917 | 137,866 | ||||||||
# |
Avio SpA |
110,432 | 990,412 | |||||||
Azimut Holding SpA |
813,168 | 11,598,445 | ||||||||
# |
Banca Generali SpA |
462,600 | 12,829,568 | |||||||
Banca IFIS SpA |
251,013 | 2,771,690 | ||||||||
Banca Mediolanum SpA |
891,514 | 5,582,784 | ||||||||
Banca Popolare di Sondrio SPA |
3,275,345 | 10,814,687 | ||||||||
Banca Profilo SpA |
1,711,765 | 319,500 | ||||||||
W |
Banca Sistema SpA |
414,926 | 558,615 | |||||||
Banco BPM SpA |
10,252,032 | 26,807,205 | ||||||||
Banco di Desio e della Brianza SpA |
241,954 | 645,894 | ||||||||
Be Shaping The Future SpA |
533,191 | 1,788,010 | ||||||||
W |
BFF Bank SpA |
706,708 | 4,693,931 | |||||||
Biesse SpA |
11,036 | 122,161 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ITALY (Continued) |
| |||||||||
BPER Banca |
7,525,929 | $ | 11,534,234 | |||||||
Brembo SpA |
860,785 | 7,100,878 | ||||||||
Brunello Cucinelli SpA |
248,717 | 12,028,230 | ||||||||
Buzzi Unicem SpA |
651,090 | 9,210,376 | ||||||||
Cairo Communication SpA |
601,468 | 826,680 | ||||||||
W |
Carel Industries SpA |
36,488 | 679,024 | |||||||
Cementir Holding NV |
361,114 | 1,967,710 | ||||||||
* |
CIR SpA-Compagnie Industriali |
2,423,159 | 936,217 | |||||||
# |
Credito Emiliano SpA |
616,798 | 3,478,776 | |||||||
* |
dAmico International Shipping SA |
2,548,506 | 591,534 | |||||||
Danieli & C Officine Meccaniche SpA |
98,559 | 1,175,174 | ||||||||
# |
Danieli & C Officine Meccaniche SpA |
104,538 | 1,768,733 | |||||||
Datalogic SpA |
16,509 | 104,650 | ||||||||
De Longhi SpA |
398,689 | 5,827,511 | ||||||||
DeA Capital SpA |
697,876 | 684,067 | ||||||||
# |
Digital Bros SpA |
37,586 | 824,760 | |||||||
W |
doValue SpA |
80,786 | 425,650 | |||||||
* |
Elica SpA |
166,709 | 390,911 | |||||||
Emak SpA |
565,182 | 492,358 | ||||||||
* W |
Enav SpA |
335,472 | 1,220,726 | |||||||
ERG SpA |
402,758 | 11,086,939 | ||||||||
Esprinet SpA |
227,113 | 1,376,843 | ||||||||
* |
Eurotech SpA |
207,209 | 571,438 | |||||||
# |
Fila SpA |
145,425 | 993,794 | |||||||
# * |
Fincantieri SpA |
3,504,948 | 1,587,662 | |||||||
# * |
Finmatica SpA |
5,960 | 0 | |||||||
* |
FNM SpA |
1,412,345 | 584,161 | |||||||
Gefran SpA |
35,925 | 256,904 | ||||||||
# * |
Geox SpA |
356,231 | 252,080 | |||||||
GPI SpA |
16,644 | 210,046 | ||||||||
Gruppo MutuiOnline SpA |
172,390 | 3,373,270 | ||||||||
# * W |
GVS SpA |
11,552 | 67,465 | |||||||
Hera SpA |
5,590,996 | 11,880,178 | ||||||||
IMMSI SpA |
1,372,199 | 497,375 | ||||||||
Interpump Group SpA |
52,738 | 1,705,652 | ||||||||
Iren SpA |
4,667,503 | 6,153,012 | ||||||||
Italgas SpA |
3,535,826 | 16,419,495 | ||||||||
Italmobiliare SpA |
77,432 | 1,776,119 | ||||||||
* |
Iveco Group NV |
87,854 | 414,287 | |||||||
IVS Group SA |
140,888 | 516,027 | ||||||||
# * |
Juventus Football Club SpA |
3,442,187 | 967,855 | |||||||
* |
KME Group SpA |
1,885,608 | 900,470 | |||||||
Leonardo SpA |
2,965,480 | 20,996,783 | ||||||||
LU-VE SpA |
5,064 | 104,673 | ||||||||
# |
Maire Tecnimont SpA |
1,261,206 | 2,955,109 | |||||||
# * |
Mariella Burani Fashion Group SpA |
22,744 | 0 | |||||||
MFE-MediaForEurope NV, Class A |
7,493,411 | 2,194,686 | ||||||||
# |
MFE-MediaForEurope NV, Class B |
3,057,306 | 1,345,485 | |||||||
* |
Newlat Food SpA |
22,549 | 110,014 | |||||||
Openjobmetis SpA agenzia per il lavoro |
63,079 | 463,319 | ||||||||
Orsero SpA |
19,188 | 274,926 | ||||||||
# W |
OVS SpA |
1,486,934 | 2,461,352 | |||||||
Pharmanutra SpA |
4,175 | 269,382 | ||||||||
Piaggio & C SpA |
1,327,755 | 2,673,469 | ||||||||
W |
Pirelli & C SpA |
2,538,628 | 8,268,701 | |||||||
# |
Prima Industrie SpA |
33,228 | 798,978 | |||||||
W |
RAI Way SpA |
618,828 | 2,824,511 | |||||||
Reply SpA |
147,173 | 15,329,370 | ||||||||
Rizzoli Corriere Della Sera Mediagroup SpA |
956,821 | 615,652 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ITALY (Continued) |
| |||||||||
Sabaf SpA |
63,964 | $ | 1,042,817 | |||||||
# |
SAES Getters SpA |
900 | 17,584 | |||||||
* |
Safilo Group SpA |
220,553 | 274,975 | |||||||
# |
Salvatore Ferragamo SpA |
170,677 | 2,395,062 | |||||||
Sanlorenzo SpA/Ameglia |
2,695 | 86,513 | ||||||||
* |
Saras SpA |
4,182,418 | 3,976,104 | |||||||
Sesa SpA |
57,481 | 6,223,001 | ||||||||
# * |
Sogefi SpA |
356,185 | 246,482 | |||||||
SOL SpA |
225,916 | 3,466,878 | ||||||||
* |
Spaxs SpA |
218,758 | 1,472,600 | |||||||
Tamburi Investment Partners SpA |
858,326 | 5,502,490 | ||||||||
# W |
Technogym SpA |
848,966 | 5,289,306 | |||||||
* |
Telecom Italia SpA |
4,998,718 | 924,597 | |||||||
# * |
Tesmec SpA |
313,747 | 36,098 | |||||||
Tinexta SpA |
138,460 | 2,562,509 | ||||||||
# * |
Tiscali SpA |
25,776 | 15,369 | |||||||
# * |
Tods SpA |
69,081 | 2,813,289 | |||||||
* |
TXT e-solutions SpA |
73,775 | 806,455 | |||||||
# W |
Unieuro SpA |
145,452 | 1,453,306 | |||||||
Unipol Gruppo SpA |
3,175,802 | 12,334,713 | ||||||||
UnipolSai Assicurazioni SpA |
42,994 | 89,166 | ||||||||
# |
Webuild SpA |
1,307,308 | 1,593,032 | |||||||
Wiit SpA |
2,345 | 31,864 | ||||||||
# |
Zignago Vetro SpA |
187,606 | 2,023,901 | |||||||
|
|
|||||||||
TOTAL ITALY |
342,503,968 | |||||||||
|
|
|||||||||
NETHERLANDS (5.6%) |
| |||||||||
Aalberts NV |
686,131 | 22,376,804 | ||||||||
Acomo NV |
40,189 | 734,324 | ||||||||
* |
AFC Ajax NV |
13,955 | 164,276 | |||||||
* W |
Alfen Beheer BV |
63,967 | 5,857,894 | |||||||
AMG Advanced Metallurgical Group NV |
214,731 | 4,826,995 | ||||||||
APERAM SA |
322,482 | 7,609,986 | ||||||||
Arcadis NV |
533,103 | 17,350,521 | ||||||||
ASR Nederland NV |
737,434 | 28,349,087 | ||||||||
* |
Avantium NV |
12,128 | 38,092 | |||||||
W |
B&S Group Sarl |
10,048 | 44,191 | |||||||
# * W |
Basic-Fit NV |
294,493 | 8,842,894 | |||||||
BE Semiconductor Industries NV |
405,420 | 17,356,169 | ||||||||
# |
Beter Bed Holding NV |
27,380 | 81,207 | |||||||
Brunel International NV |
155,477 | 1,297,419 | ||||||||
Corbion NV |
390,957 | 9,725,410 | ||||||||
W |
Flow Traders |
226,947 | 4,276,163 | |||||||
# |
ForFarmers NV |
214,677 | 495,857 | |||||||
* |
Fugro NV |
567,199 | 5,742,848 | |||||||
Heijmans NV |
167,350 | 1,558,938 | ||||||||
* |
Hunter Douglas NV |
1,468 | 251,253 | |||||||
* W |
Intertrust NV |
472,154 | 9,033,832 | |||||||
Kendrion NV |
97,269 | 1,307,308 | ||||||||
* |
Koninklijke BAM Groep NV |
1,821,442 | 4,475,173 | |||||||
Koninklijke Vopak NV |
305,260 | 5,554,105 | ||||||||
* W |
Lucas Bols NV |
24,022 | 234,908 | |||||||
Nedap NV |
33,400 | 1,755,501 | ||||||||
# |
OCI NV |
554,235 | 20,291,415 | |||||||
Ordina NV |
637,656 | 2,367,521 | ||||||||
# * |
Pharming Group NV |
1,219,229 | 1,262,443 | |||||||
# |
PostNL NV |
3,793,338 | 6,345,981 | |||||||
SBM Offshore NV |
1,043,174 | 13,090,702 | ||||||||
# * W |
Shop Apotheke Europe NV |
6,333 | 254,600 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
NETHERLANDS (Continued) |
| |||||||||
# |
SIF Holding NV |
34,182 | $ | 322,142 | ||||||
W |
Signify NV |
711,679 | 18,316,746 | |||||||
Sligro Food Group NV |
155,268 | 2,002,640 | ||||||||
# * |
SRH NV |
705,718 | 0 | |||||||
TKH Group NV |
271,678 | 8,801,234 | ||||||||
# * |
TomTom NV |
465,526 | 3,321,060 | |||||||
Van Lanschot Kempen NV |
158,577 | 3,052,577 | ||||||||
* |
Vivoryon Therapeutics NV |
5,400 | 48,409 | |||||||
|
|
|||||||||
TOTAL NETHERLANDS |
238,818,625 | |||||||||
|
|
|||||||||
NORWAY (2.3%) |
| |||||||||
2020 Bulkers Ltd. |
65,237 | 510,650 | ||||||||
ABG Sundal Collier Holding ASA |
2,506,062 | 1,271,056 | ||||||||
AF Gruppen ASA |
877 | 11,166 | ||||||||
# * |
Akastor ASA |
805,820 | 639,157 | |||||||
# * |
Aker BioMarine ASA |
10,134 | 41,673 | |||||||
* |
Aker Carbon Capture ASA |
136,636 | 174,698 | |||||||
Aker Solutions ASA |
1,516,028 | 5,270,890 | ||||||||
American Shipping Co. ASA |
255,057 | 819,636 | ||||||||
* |
ArcticZymes Technologies ASA |
77,341 | 512,179 | |||||||
Atea ASA |
366,976 | 3,260,539 | ||||||||
# * |
Atlantic Sapphire ASA |
67,633 | 68,444 | |||||||
W |
Avance Gas Holding Ltd. |
19,594 | 97,243 | |||||||
# * |
Axactor ASA |
839,168 | 416,366 | |||||||
B2Holding ASA |
1,548,196 | 1,062,188 | ||||||||
Belships ASA |
332,823 | 414,727 | ||||||||
* |
Bergenbio ASA |
51,404 | 29,181 | |||||||
Bonheur ASA |
144,049 | 4,083,178 | ||||||||
Borregaard ASA |
468,125 | 5,526,632 | ||||||||
Bouvet ASA |
66,121 | 330,142 | ||||||||
# * |
BW Energy Ltd. |
352,705 | 697,775 | |||||||
W |
BW LPG Ltd. |
648,398 | 4,718,568 | |||||||
BW Offshore Ltd. |
753,331 | 1,584,342 | ||||||||
* |
Cloudberry Clean Energy ASA |
19,690 | 20,910 | |||||||
# * W |
Crayon Group Holding ASA |
167,540 | 1,301,556 | |||||||
DNO ASA |
3,131,136 | 3,551,286 | ||||||||
W |
Elmera Group ASA |
3,917 | 5,558 | |||||||
Elopak ASA |
6,452 | 11,535 | ||||||||
W |
Europris ASA |
1,169,092 | 5,846,996 | |||||||
# |
FLEX LNG Ltd. |
217,648 | 6,917,552 | |||||||
# |
Frontline Ltd. |
475,587 | 5,236,968 | |||||||
# |
Golden Ocean Group Ltd. |
10,454 | 78,179 | |||||||
Grieg Seafood ASA |
350,555 | 2,371,062 | ||||||||
Hafnia Ltd. |
262,985 | 1,070,066 | ||||||||
# * |
Hexagon Composites ASA |
714,855 | 1,558,259 | |||||||
Hunter Group ASA |
384,083 | 76,624 | ||||||||
# * |
IDEX Biometrics ASA |
1,011,211 | 69,976 | |||||||
# * |
Kahoot! ASA |
241,389 | 449,545 | |||||||
# W |
Kid ASA |
35,988 | 242,568 | |||||||
# |
Kitron ASA |
515,690 | 890,661 | |||||||
W |
Klaveness Combination Carriers ASA |
2,957 | 16,608 | |||||||
* |
Komplett Bank ASA |
33,724 | 15,745 | |||||||
* |
Kongsberg Automotive ASA |
4,586,574 | 910,781 | |||||||
* |
LINK Mobility Group Holding ASA |
51,820 | 32,598 | |||||||
* |
Magnora ASA |
118,220 | 235,646 | |||||||
* |
Magseis Fairfield ASA |
110,201 | 78,385 | |||||||
Medistim ASA |
2,163 | 41,160 | ||||||||
# |
MPC Container Ships ASA |
1,639,898 | 2,734,479 | |||||||
W |
Multiconsult ASA |
2,534 | 30,784 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
NORWAY (Continued) |
| |||||||||
* |
Next Biometrics Group AS |
61,890 | $ | 22,101 | ||||||
# * |
Nordic Nanovector ASA |
376,386 | 38,854 | |||||||
* W |
Norske Skog ASA |
249,340 | 1,259,082 | |||||||
* |
Northern Ocean Ltd. |
60,674 | 50,575 | |||||||
* |
Norway Royal Salmon ASA |
93,951 | 1,281,001 | |||||||
* |
Norwegian Air Shuttle ASA |
751,099 | 500,720 | |||||||
* |
Norwegian Energy Co. ASA |
14,230 | 458,020 | |||||||
* |
NRC Group ASA |
38,228 | 61,870 | |||||||
* |
Odfjell Drilling Ltd. |
645,965 | 1,405,931 | |||||||
Odfjell SE, Class A |
140,676 | 809,525 | ||||||||
* |
Odfjell Technology Ltd. |
97,767 | 198,088 | |||||||
OKEA ASA |
66,689 | 220,784 | ||||||||
W |
Okeanis Eco Tankers Corp. |
16,989 | 232,516 | |||||||
Olav Thon Eiendomsselskap ASA |
75,802 | 1,251,291 | ||||||||
Otello Corp. ASA |
27,272 | 20,764 | ||||||||
* |
Panoro Energy ASA |
33,298 | 80,937 | |||||||
Pareto Bank ASA |
47,843 | 192,011 | ||||||||
# * |
PGS ASA |
3,070,778 | 1,766,350 | |||||||
* |
PhotoCure ASA |
18,163 | 151,883 | |||||||
* W |
poLight ASA |
4,600 | 8,973 | |||||||
# * |
Prosafe SE |
6,125 | 100,394 | |||||||
Protector Forsikring ASA |
438,078 | 4,515,145 | ||||||||
* |
Q-Free ASA |
32,883 | 18,003 | |||||||
# * |
REC Silicon ASA |
1,976,404 | 3,304,969 | |||||||
* |
SD Standard ETC PLC |
271,994 | 41,117 | |||||||
Selvaag Bolig ASA |
325,020 | 948,272 | ||||||||
* W |
Shelf Drilling Ltd. |
124,843 | 175,890 | |||||||
* |
Siem Offshore, Inc. |
10,249 | 8,817 | |||||||
* |
Solstad Offshore ASA |
29,716 | 46,871 | |||||||
Sparebank 1 Oestlandet |
25,056 | 247,329 | ||||||||
SpareBank 1 Sorost-Norge |
1,788 | 8,320 | ||||||||
Stolt-Nielsen Ltd. |
192,640 | 3,823,904 | ||||||||
TGS ASA |
286,682 | 3,503,929 | ||||||||
Treasure ASA |
316,195 | 461,213 | ||||||||
# * |
Ultimovacs ASA |
24,075 | 132,809 | |||||||
Veidekke ASA |
640,408 | 4,790,616 | ||||||||
* |
Volue ASA |
168 | 455 | |||||||
Wilh Wilhelmsen Holding ASA, Class A |
68,304 | 1,221,978 | ||||||||
# W |
XXL ASA |
787,885 | 322,366 | |||||||
|
|
|||||||||
TOTAL NORWAY |
99,019,590 | |||||||||
|
|
|||||||||
PORTUGAL (0.9%) |
| |||||||||
# |
Altri SGPS SA |
520,559 | 2,628,626 | |||||||
# |
Banco Comercial Portugues SA, Class R |
50,126,117 | 5,964,204 | |||||||
* |
Banco Espirito Santo SA |
4,777,921 | 0 | |||||||
Corticeira Amorim SGPS SA |
116,151 | 1,033,725 | ||||||||
# |
CTT-Correios de Portugal SA |
728,492 | 1,932,900 | |||||||
* |
Greenvolt-Energias Renovaveis SA |
125,818 | 1,061,686 | |||||||
# |
Ibersol SGPS SA |
52,494 | 269,636 | |||||||
# |
Mota-Engil SGPS SA |
641,747 | 662,432 | |||||||
Navigator Co. SA |
1,800,273 | 6,133,965 | ||||||||
# |
NOS SGPS SA |
1,562,222 | 5,113,879 | |||||||
# |
Novabase SGPS SA |
72,649 | 303,902 | |||||||
RENRedes Energeticas Nacionais SGPS SA |
2,950,023 | 6,974,810 | ||||||||
Sonae SGPS SA |
6,829,681 | 5,508,545 | ||||||||
|
|
|||||||||
TOTAL PORTUGAL |
37,588,310 | |||||||||
|
|
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SOUTH AFRICA (0.0%) |
| |||||||||
# W |
Scatec ASA |
93,593 | $ | 640,065 | ||||||
|
|
|||||||||
SPAIN (5.7%) |
| |||||||||
Acerinox SA |
1,095,358 | 8,710,708 | ||||||||
# * |
Adveo Group International SA |
84,445 | 0 | |||||||
W |
Aedas Homes SA |
27,692 | 393,717 | |||||||
Alantra Partners SA |
70,997 | 800,506 | ||||||||
Almirall SA |
475,919 | 4,588,666 | ||||||||
# * |
Amper SA |
6,893,962 | 996,296 | |||||||
Applus Services SA |
925,350 | 5,193,895 | ||||||||
Atresmedia Corp. de Medios de Comunicacion SA |
574,350 | 1,475,830 | ||||||||
Azkoyen SA |
67,253 | 379,050 | ||||||||
Banco de Sabadell SA |
36,362,876 | 24,249,033 | ||||||||
Bankinter SA |
4,326,671 | 24,293,719 | ||||||||
# * |
Caja de Ahorros del Mediterraneo |
116,412 | 0 | |||||||
Cia de Distribucion Integral Logista Holdings SA |
429,838 | 7,833,327 | ||||||||
# |
CIE Automotive SA |
376,909 | 7,804,504 | |||||||
Construcciones y Auxiliar de Ferrocarriles SA |
129,981 | 2,939,725 | ||||||||
# * |
Deoleo SA |
37,749 | 8,585 | |||||||
* |
Distribuidora Internacional de Alimentacion SA |
3,729,910 | 43,387 | |||||||
# |
Ebro Foods SA |
526,136 | 7,663,161 | |||||||
* |
eDreams ODIGEO SA |
427,530 | 1,708,148 | |||||||
Elecnor SA |
200,108 | 1,976,773 | ||||||||
# |
Enagas SA |
1,457,648 | 22,562,850 | |||||||
Ence Energia y Celulosa SA |
1,042,979 | 3,105,045 | ||||||||
Ercros SA |
643,000 | 1,700,230 | ||||||||
Faes Farma SA |
2,130,572 | 7,718,159 | ||||||||
# |
Fluidra SA |
367,354 | 5,508,489 | |||||||
Fomento de Construcciones y Contratas SA |
381,903 | 3,086,710 | ||||||||
W |
Gestamp Automocion SA |
762,851 | 2,263,097 | |||||||
W |
Global Dominion Access SA |
695,411 | 2,274,359 | |||||||
* |
Grenergy Renovables SA |
9,966 | 302,925 | |||||||
Grupo Catalana Occidente SA |
270,353 | 6,790,380 | ||||||||
# |
Grupo Empresarial San Jose SA |
151,317 | 512,274 | |||||||
Iberpapel Gestion SA |
47,911 | 586,113 | ||||||||
Indra Sistemas SA |
928,400 | 7,069,406 | ||||||||
Laboratorio Reig Jofre SA |
14,851 | 32,921 | ||||||||
Laboratorios Farmaceuticos Rovi SA |
125,881 | 5,409,846 | ||||||||
# |
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros |
3,862,215 | 3,641,937 | |||||||
# |
Mapfre SA |
3,059,999 | 4,739,094 | |||||||
* |
Melia Hotels International SA |
812,414 | 3,751,714 | |||||||
# W |
Metrovacesa SA |
25,204 | 153,093 | |||||||
Miquel y Costas & Miquel SA |
193,707 | 2,205,605 | ||||||||
W |
Neinor Homes SA |
90,425 | 821,671 | |||||||
# * |
Obrascon Huarte Lain SA |
1,665,246 | 859,723 | |||||||
# * |
Oryzon Genomics SA |
35,547 | 72,703 | |||||||
# |
Pharma Mar SA |
35,266 | 1,867,671 | |||||||
Prim SA |
40,283 | 415,277 | ||||||||
* |
Promotora de Informaciones SA, Class A |
1,330,083 | 510,784 | |||||||
# W |
Prosegur Cash SA |
445,278 | 276,400 | |||||||
Prosegur Cia de Seguridad SA |
1,211,235 | 1,835,645 | ||||||||
* |
Realia Business SA |
1,667,905 | 1,545,947 | |||||||
Renta 4 Banco SA |
442 | 4,076 | ||||||||
# |
Sacyr SA |
2,967,489 | 6,486,246 | |||||||
* |
Solaria Energia y Medio Ambiente SA |
519,113 | 8,164,790 | |||||||
# * |
Soltec Power Holdings SA |
28,469 | 118,484 | |||||||
# W |
Talgo SA |
598,613 | 1,452,619 | |||||||
# * |
Tecnicas Reunidas SA |
188,993 | 1,110,397 | |||||||
# * |
Tubacex SA |
738,150 | 1,407,465 | |||||||
# * |
Tubos Reunidos SA |
34,204 | 8,089 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SPAIN (Continued) |
| |||||||||
W |
Unicaja Banco SA |
7,996,906 | $ | 7,210,630 | ||||||
Vidrala SA |
123,392 | 7,181,440 | ||||||||
Viscofan SA |
271,401 | 14,836,385 | ||||||||
Vocento SA |
352,577 | 216,701 | ||||||||
|
|
|||||||||
TOTAL SPAIN |
240,876,420 | |||||||||
|
|
|||||||||
SWEDEN (5.9%) |
| |||||||||
W |
AcadeMedia AB |
448,737 | 1,945,493 | |||||||
# |
AddLife AB, Class B |
14,395 | 148,832 | |||||||
AddNode Group AB, Class B |
432,724 | 3,009,243 | ||||||||
AFRY AB |
286,051 | 3,598,276 | ||||||||
# W |
Alimak Group AB |
249,962 | 1,332,760 | |||||||
Alligo AB, Class B |
137,415 | 954,480 | ||||||||
W |
Ambea AB |
196,916 | 689,230 | |||||||
* |
Annehem Fastigheter AB, Class B |
142,899 | 284,849 | |||||||
AQ Group AB |
1,510 | 29,133 | ||||||||
* |
Arise AB |
102,189 | 546,736 | |||||||
Arjo AB, Class B |
1,033,502 | 3,789,701 | ||||||||
# |
Atrium Ljungberg AB, Class B |
213,403 | 2,630,565 | |||||||
* W |
Attendo AB |
690,203 | 1,232,888 | |||||||
Balco Group AB |
979 | 4,824 | ||||||||
BE Group AB |
3,385 | 24,427 | ||||||||
Beijer Alma AB |
304,748 | 3,982,998 | ||||||||
Beijer Electronics Group AB |
93,898 | 568,717 | ||||||||
Bergman & Beving AB |
207,826 | 1,540,241 | ||||||||
Bergs Timber AB, Class B |
6,227 | 19,076 | ||||||||
Besqab AB |
21,962 | 198,837 | ||||||||
Betsson AB, Class B |
893,660 | 5,216,812 | ||||||||
* |
BHG Group AB |
351,076 | 449,174 | |||||||
Bilia AB, Class A |
588,495 | 6,712,294 | ||||||||
BioGaia AB, Class B |
108,911 | 754,921 | ||||||||
* |
BioInvent International AB |
39,595 | 168,959 | |||||||
Biotage AB |
377,166 | 5,621,554 | ||||||||
Bjorn Borg AB |
13,009 | 26,821 | ||||||||
Bonava AB, Class B |
519,931 | 1,214,415 | ||||||||
# * W |
Boozt AB |
212,829 | 1,105,576 | |||||||
W |
Bravida Holding AB |
691,273 | 5,656,658 | |||||||
Bufab AB |
233,559 | 4,207,846 | ||||||||
# |
Bulten AB |
115,761 | 552,296 | |||||||
Bure Equity AB |
324,485 | 5,302,236 | ||||||||
Byggmax Group AB |
449,880 | 1,504,768 | ||||||||
* |
Careium AB |
82,584 | 66,713 | |||||||
Catella AB |
89,746 | 299,324 | ||||||||
Catena AB |
166,530 | 4,941,227 | ||||||||
# * |
Catena Media PLC |
330,046 | 703,529 | |||||||
* |
Cavotec SA |
79,682 | 106,483 | |||||||
Cellavision AB |
38,088 | 866,657 | ||||||||
Cibus Nordic Real Estate AB |
13,536 | 176,389 | ||||||||
Clas Ohlson AB, Class B |
278,624 | 1,667,292 | ||||||||
Cloetta AB, Class B |
1,836,581 | 2,903,283 | ||||||||
* |
Collector Bank AB |
288,079 | 714,899 | |||||||
# |
Concentric AB |
346,253 | 5,565,535 | |||||||
W |
Coor Service Management Holding AB |
406,687 | 2,760,566 | |||||||
Corem Property Group AB, Class B |
3,839,342 | 2,887,472 | ||||||||
Dedicare AB, Class B |
4,184 | 33,149 | ||||||||
Dios Fastigheter AB |
782,055 | 4,933,417 | ||||||||
# W |
Dometic Group AB |
27,906 | 143,107 | |||||||
* |
Doro AB |
162,545 | 217,014 | |||||||
* |
Duni AB |
217,519 | 1,239,471 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWEDEN (Continued) |
| |||||||||
# W |
Dustin Group AB |
511,987 | $ | 2,018,337 | ||||||
Eastnine AB |
126,421 | 984,697 | ||||||||
Elanders AB, Class B |
73,298 | 901,256 | ||||||||
Electrolux Professional AB, Class B |
459,033 | 1,875,093 | ||||||||
* W |
Eltel AB |
206,068 | 124,390 | |||||||
# * |
Enea AB |
104,284 | 681,255 | |||||||
# |
Eolus Vind AB, Class B |
37,209 | 391,697 | |||||||
eWork Group AB |
38,130 | 308,023 | ||||||||
Fagerhult AB |
300,931 | 1,014,160 | ||||||||
FastPartner AB, Class A |
19,405 | 100,990 | ||||||||
FastPartner AB, Class D |
35 | 204 | ||||||||
# |
Fenix Outdoor International AG |
19,605 | 1,392,038 | |||||||
# * |
Fingerprint Cards AB, Class B |
414,711 | 208,795 | |||||||
# |
G5 Entertainment AB |
41,569 | 704,907 | |||||||
GARO AB |
23,361 | 205,384 | ||||||||
Granges AB |
830,363 | 5,325,014 | ||||||||
Hanza AB |
30,446 | 107,601 | ||||||||
# |
Heba Fastighets AB, Class B |
269,814 | 763,381 | |||||||
Hexatronic Group AB |
352,315 | 3,288,406 | ||||||||
HMS Networks AB |
127,285 | 3,445,945 | ||||||||
* W |
Hoist Finance AB |
379,338 | 949,226 | |||||||
* |
Humana AB |
135,681 | 591,910 | |||||||
* |
IAR Systems Group AB |
1,213 | 15,257 | |||||||
* |
Immunovia AB |
8,077 | 24,288 | |||||||
# |
Instalco AB |
492,997 | 1,976,609 | |||||||
Inwido AB |
455,135 | 3,579,191 | ||||||||
JM AB |
431,178 | 5,964,448 | ||||||||
# * |
John Mattson Fastighetsforetagen AB |
8,700 | 63,980 | |||||||
* |
Karnov Group AB |
83,905 | 409,763 | |||||||
# * |
K-fast Holding AB |
9,734 | 18,373 | |||||||
Kindred Group PLC, SDR |
271,612 | 2,035,321 | ||||||||
KNOW IT AB |
179,639 | 3,593,623 | ||||||||
# |
Lagercrantz Group AB, Class B |
1,101,807 | 9,645,144 | |||||||
Lime Technologies AB |
15,348 | 303,921 | ||||||||
Lindab International AB |
639,607 | 7,133,214 | ||||||||
Loomis AB |
388,741 | 9,581,263 | ||||||||
* |
Maha Energy AB |
148,058 | 155,434 | |||||||
* |
Medcap AB |
6,064 | 103,526 | |||||||
Meko AB |
299,806 | 2,467,331 | ||||||||
Midsona AB, Class B |
8,545 | 11,935 | ||||||||
# |
MIPS AB |
58,142 | 1,725,955 | |||||||
Modern Times Group MTG AB, Class B |
604,885 | 3,997,677 | ||||||||
* |
Momentum Group AB |
137,415 | 768,955 | |||||||
W |
Munters Group AB |
181,339 | 1,268,498 | |||||||
Mycronic AB |
436,033 | 5,257,184 | ||||||||
# |
NCAB Group AB |
85,408 | 349,475 | |||||||
NCC AB, Class B |
428,640 | 3,084,387 | ||||||||
Nederman Holding AB |
33,980 | 420,026 | ||||||||
* |
Net Insight AB, Class B |
2,560,497 | 1,265,695 | |||||||
New Wave Group AB, Class B |
426,925 | 5,622,932 | ||||||||
Nilorngruppen AB, Class B |
7,191 | 54,465 | ||||||||
Nobia AB |
832,268 | 1,562,232 | ||||||||
Nolato AB, Class B |
1,479,720 | 6,743,418 | ||||||||
Nordic Paper Holding AB |
14,413 | 37,239 | ||||||||
Nordic Waterproofing Holding AB |
83,900 | 1,124,829 | ||||||||
* |
Note AB |
56,156 | 801,282 | |||||||
# |
NP3 Fastigheter AB |
178,739 | 2,635,352 | |||||||
Nyfosa AB |
1,209,815 | 6,985,359 | ||||||||
OEM International AB, Class B |
296,140 | 1,517,739 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWEDEN (Continued) |
| |||||||||
# |
Orron Energy AB |
283,199 | $ | 505,318 | ||||||
* |
Ovzon AB |
1,938 | 6,509 | |||||||
* |
Pandox AB |
29,924 | 316,815 | |||||||
Platzer Fastigheter Holding AB, Class B |
250,352 | 1,502,062 | ||||||||
Prevas AB, Class B |
8,542 | 72,660 | ||||||||
Pricer AB, Class B |
892,974 | 1,412,751 | ||||||||
Proact IT Group AB |
191,163 | 1,362,962 | ||||||||
Profilgruppen AB, Class B |
287 | 2,214 | ||||||||
Ratos AB, Class B |
1,560,795 | 5,320,516 | ||||||||
* |
RaySearch Laboratories AB |
160,684 | 685,914 | |||||||
Rejlers AB |
948 | 10,376 | ||||||||
# W |
Resurs Holding AB |
1,114,807 | 2,047,625 | |||||||
# |
Rottneros AB |
672,020 | 821,475 | |||||||
# * |
Scandi Standard AB |
397,762 | 1,662,697 | |||||||
# * W |
Scandic Hotels Group AB |
978,372 | 2,798,210 | |||||||
* |
Sdiptech AB, Class B |
14,195 | 244,632 | |||||||
Sectra AB, Class B |
196,760 | 2,186,144 | ||||||||
Semcon AB |
118,592 | 1,660,090 | ||||||||
* |
Sensys Gatso Group AB |
3,512,360 | 329,811 | |||||||
SkiStar AB |
324,208 | 3,227,443 | ||||||||
* |
Solid Forsakring AB |
86,686 | 350,164 | |||||||
* |
Stendorren Fastigheter AB |
5,750 | 88,911 | |||||||
* |
Stillfront Group AB |
458,631 | 979,792 | |||||||
Systemair AB |
360,836 | 1,632,704 | ||||||||
Tethys Oil AB |
125,374 | 705,772 | ||||||||
TF Bank AB |
5,604 | 71,231 | ||||||||
* |
Tobii AB |
14,796 | 26,151 | |||||||
Troax Group AB |
227,770 | 3,212,519 | ||||||||
VBG Group AB, Class B |
28,343 | 301,360 | ||||||||
Vitec Software Group AB, Class B |
44,923 | 1,324,511 | ||||||||
Volati AB |
5,223 | 46,005 | ||||||||
XANO Industri AB, Class B |
5,023 | 46,971 | ||||||||
|
|
|||||||||
TOTAL SWEDEN |
247,901,507 | |||||||||
|
|
|||||||||
SWITZERLAND (17.2%) |
| |||||||||
Adecco Group AG |
213,881 | 5,903,023 | ||||||||
Allreal Holding AG |
125,251 | 17,428,738 | ||||||||
ALSO Holding AG |
46,851 | 6,941,912 | ||||||||
* |
Aluflexpack AG |
721 | 13,025 | |||||||
* |
ams-OSRAM AG |
1,474,621 | 9,179,080 | |||||||
APG SGA SA |
9,203 | 1,561,156 | ||||||||
Arbonia AG |
345,431 | 3,949,397 | ||||||||
* |
Aryzta AG |
6,500,102 | 6,503,574 | |||||||
# |
Ascom Holding AG |
200,120 | 1,201,177 | |||||||
# |
Autoneum Holding AG |
23,551 | 1,968,906 | |||||||
Baloise Holding AG |
98,975 | 12,646,495 | ||||||||
Banque Cantonale de Geneve |
9,528 | 1,626,546 | ||||||||
Banque Cantonale du Jura SA |
3,848 | 192,173 | ||||||||
# |
Banque Cantonale Vaudoise |
119,980 | 11,351,061 | |||||||
Belimo Holding AG |
65,574 | 24,117,861 | ||||||||
Bell Food Group AG |
14,632 | 3,213,944 | ||||||||
Bellevue Group AG |
57,974 | 1,777,395 | ||||||||
Berner Kantonalbank AG |
31,172 | 6,791,666 | ||||||||
BKW AG |
163,805 | 19,519,943 | ||||||||
Bossard Holding AG, Class A |
46,504 | 7,916,265 | ||||||||
Bucher Industries AG |
54,335 | 16,951,072 | ||||||||
Burckhardt Compression Holding AG |
5,365 | 2,003,644 | ||||||||
Burkhalter Holding AG |
29,873 | 2,254,549 | ||||||||
Bystronic AG |
9,740 | 5,228,524 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWITZERLAND (Continued) |
| |||||||||
Calida Holding AG |
40,721 | $ | 1,675,751 | |||||||
Carlo Gavazzi Holding AG |
3,115 | 853,312 | ||||||||
Cembra Money Bank AG |
195,981 | 13,898,955 | ||||||||
# * |
Cicor Technologies Ltd. |
15,422 | 691,612 | |||||||
Cie Financiere Tradition SA |
11,329 | 1,207,149 | ||||||||
Clariant AG |
1,109,744 | 17,726,743 | ||||||||
Coltene Holding AG |
27,288 | 2,129,260 | ||||||||
Comet Holding AG |
18,844 | 2,711,126 | ||||||||
# |
COSMO Pharmaceuticals NV |
9,195 | 428,284 | |||||||
Daetwyler Holding AG |
9,745 | 1,553,550 | ||||||||
DKSH Holding AG |
235,948 | 17,119,594 | ||||||||
dormakaba Holding AG |
24,531 | 8,277,595 | ||||||||
# * |
Dufry AG |
390,816 | 11,864,980 | |||||||
EFG International AG |
683,675 | 5,382,258 | ||||||||
Emmi AG |
15,919 | 12,367,602 | ||||||||
Energiedienst Holding AG |
83,637 | 3,355,324 | ||||||||
# * |
Evolva Holding SA |
3,349,123 | 275,411 | |||||||
# |
Feintool International Holding AG |
46,525 | 859,570 | |||||||
* |
Flughafen Zurich AG |
147,702 | 21,831,210 | |||||||
Forbo Holding AG |
8,660 | 9,363,569 | ||||||||
Fundamenta Real Estate AG |
3,191 | 52,099 | ||||||||
W |
Galenica AG |
215,190 | 15,582,890 | |||||||
# * |
GAM Holding AG |
1,195,762 | 1,105,443 | |||||||
Georg Fischer AG |
630,511 | 30,038,847 | ||||||||
# |
Gurit Holding AG, Class BR |
28,958 | 2,107,640 | |||||||
Helvetia Holding AG |
266,750 | 24,995,960 | ||||||||
Hiag Immobilien Holding AG |
22,952 | 1,954,135 | ||||||||
# * |
HOCHDORF Holding AG |
6,697 | 182,334 | |||||||
Huber & Suhner AG |
108,834 | 8,593,730 | ||||||||
Hypothekarbank Lenzburg AG |
6 | 25,669 | ||||||||
# * |
Implenia AG |
106,354 | 3,385,055 | |||||||
# * |
Ina Invest Holding AG |
29,730 | 592,112 | |||||||
Inficon Holding AG |
14,941 | 9,986,938 | ||||||||
Interroll Holding AG |
5,083 | 9,655,970 | ||||||||
Intershop Holding AG |
10,830 | 6,804,817 | ||||||||
Investis Holding SA |
5,818 | 573,159 | ||||||||
* |
Jungfraubahn Holding AG |
18,335 | 2,181,380 | |||||||
Kardex Holding AG |
49,726 | 6,592,665 | ||||||||
Komax Holding AG |
22,553 | 5,221,775 | ||||||||
# |
Kudelski SA |
217,692 | 617,174 | |||||||
Landis & Gyr Group AG |
93,390 | 5,080,186 | ||||||||
LEM Holding SA |
3,961 | 6,042,579 | ||||||||
Liechtensteinische Landesbank AG |
64,467 | 3,617,063 | ||||||||
Luzerner Kantonalbank AG |
20,239 | 8,298,881 | ||||||||
W |
Medacta Group SA |
7,980 | 674,024 | |||||||
W |
Medmix AG |
143,103 | 2,484,774 | |||||||
# |
Meier Tobler Group AG |
45,826 | 1,394,026 | |||||||
Metall Zug AG, Class B |
1,139 | 2,071,423 | ||||||||
Mikron Holding AG |
8,692 | 72,434 | ||||||||
Mobilezone Holding AG |
305,439 | 4,569,753 | ||||||||
Mobimo Holding AG |
63,088 | 13,705,085 | ||||||||
Novavest Real Estate AG |
1,614 | 68,597 | ||||||||
OC Oerlikon Corp. AG |
1,694,495 | 10,846,836 | ||||||||
# * |
Orascom Development Holding AG |
93,520 | 723,650 | |||||||
# |
Orell Fuessli AG |
5,028 | 418,931 | |||||||
Orior AG |
38,352 | 2,654,350 | ||||||||
Phoenix Mecano AG |
4,517 | 1,385,751 | ||||||||
# |
Plazza AG, Class A |
6,993 | 2,289,009 | |||||||
PSP Swiss Property AG |
340,600 | 34,047,162 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWITZERLAND (Continued) |
| |||||||||
# |
Rieter Holding AG |
23,266 | $ | 1,977,255 | ||||||
Romande Energie Holding SA |
2,670 | 3,031,178 | ||||||||
Schaffner Holding AG |
3,129 | 847,887 | ||||||||
Schweiter Technologies AG |
7,284 | 5,392,811 | ||||||||
Schweizerische Nationalbank |
23 | 113,546 | ||||||||
# * W |
Sensirion Holding AG |
31,605 | 2,572,938 | |||||||
SFS Group AG |
127,036 | 10,920,656 | ||||||||
Siegfried Holding AG |
32,909 | 24,331,621 | ||||||||
SIG Group AG |
80,424 | 1,632,936 | ||||||||
Softwareone Holding AG |
220,487 | 2,394,724 | ||||||||
St Galler Kantonalbank AG |
17,617 | 8,061,484 | ||||||||
# |
Stadler Rail AG |
7,173 | 197,004 | |||||||
Sulzer AG |
141,392 | 8,133,882 | ||||||||
Swiss Prime Site AG |
182,651 | 14,549,506 | ||||||||
* |
Swiss Steel Holding AG |
3,362,368 | 750,176 | |||||||
Swissquote Group Holding SA |
83,234 | 8,635,040 | ||||||||
Temenos AG |
107,239 | 7,229,721 | ||||||||
Thurgauer Kantonalbank |
3,152 | 377,144 | ||||||||
# |
Tornos Holding AG |
26,632 | 136,858 | |||||||
TX Group AG |
20,220 | 2,467,835 | ||||||||
u-blox Holding AG |
55,196 | 6,684,311 | ||||||||
Valiant Holding AG |
111,863 | 10,600,707 | ||||||||
* |
Valora Holding AG |
30,106 | 7,933,070 | |||||||
W |
VAT Group AG |
106,731 | 21,658,836 | |||||||
Vaudoise Assurances Holding SA |
6,800 | 2,708,544 | ||||||||
Vetropack Holding AG |
67,815 | 1,999,091 | ||||||||
# * |
Von Roll Holding AG |
378,198 | 290,672 | |||||||
Vontobel Holding AG |
227,580 | 12,218,740 | ||||||||
VP Bank AG, Class A |
24,056 | 2,153,833 | ||||||||
VZ Holding AG |
91,061 | 6,369,847 | ||||||||
* |
V-ZUG Holding AG |
10,820 | 807,947 | |||||||
Walliser Kantonalbank |
19,368 | 2,176,780 | ||||||||
Warteck Invest AG |
56 | 122,862 | ||||||||
Ypsomed Holding AG |
5,084 | 756,428 | ||||||||
Zehnder Group AG |
86,886 | 4,395,120 | ||||||||
Zug Estates Holding AG, Class B |
1,186 | 2,043,363 | ||||||||
Zuger Kantonalbank AG |
704 | 5,082,640 | ||||||||
* |
Zur Rose Group AG |
4,404 | 129,910 | |||||||
|
|
|||||||||
TOTAL SWITZERLAND |
726,395,190 | |||||||||
|
|
|||||||||
UNITED ARAB EMIRATES (0.0%) |
| |||||||||
# * |
Borr Drilling Ltd. |
92,938 | 313,133 | |||||||
|
|
|||||||||
UNITED KINGDOM (0.1%) |
| |||||||||
TORM PLC, Class A |
195,257 | 3,984,941 | ||||||||
|
|
|||||||||
UNITED STATES (0.2%) |
| |||||||||
# |
ADTRAN Holdings, Inc. |
325,096 | 6,467,782 | |||||||
|
|
|||||||||
TOTAL COMMON STOCKS |
3,968,757,762 | |||||||||
|
|
|||||||||
PREFERRED STOCKS (0.7%) |
| |||||||||
GERMANY (0.7%) |
| |||||||||
Draegerwerk AG & Co. KGaA |
65,509 | 2,739,778 | ||||||||
Fuchs Petrolub SE |
409,501 | 10,369,674 | ||||||||
Jungheinrich AG |
355,303 | 7,171,637 | ||||||||
Sixt SE |
119,957 | 5,450,073 | ||||||||
STO SE & Co. KGaA |
16,969 | 2,054,985 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
Villeroy & Boch AGSeries A |
41,086 | $ | 544,285 | |||||||
|
|
|||||||||
TOTAL GERMANY |
28,330,432 | |||||||||
|
|
|||||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||||
AUSTRIA (0.0%) |
| |||||||||
* |
CA Immobilien Anlagen AG Rights 07/26/21 |
497,492 | 0 | |||||||
* |
S Immo AG Rights |
346,922 | 0 | |||||||
|
|
|||||||||
ITALY (0.0%) |
| |||||||||
# * |
Webuild SpA Warrants 08/02/30 |
116,038 | 0 | |||||||
|
|
|||||||||
TOTAL RIGHTS/WARRANTS |
0 | |||||||||
|
|
|||||||||
TOTAL INVESTMENT SECURITIES |
3,997,088,194 | |||||||||
|
|
Value | ||||||||||
SECURITIES LENDING COLLATERAL (5.4%) |
| |||||||||
@ § |
The DFA Short Term Investment Fund |
19,756,196 | 228,539,679 | |||||||
|
|
|||||||||
TOTAL INVESTMENTS (100.0%) |
|
|||||||||
(Cost $4,649,528,463)^^ |
$ | 4,225,627,873 | ||||||||
|
|
ADR | American Depositary Receipt |
BAM | Build America Mutual |
SA | Special Assessment |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
# | Total or Partial Securities on Loan. |
W | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Funds Liquidity Guidelines. The liquidity determination is unaudited. |
* | Non-Income Producing Securities. |
| Security valued using significant unobservable inputs (Level 3). |
| See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Summary of the Series investments as of September 30, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks |
||||||||||||||||
Austria |
| $ | 127,438,860 | | $ | 127,438,860 | ||||||||||
Belgium |
$ | 683,747 | 186,900,073 | | 187,583,820 | |||||||||||
Canada |
| 3,282,276 | | 3,282,276 | ||||||||||||
Denmark |
| 265,826,849 | | 265,826,849 | ||||||||||||
Finland |
| 222,299,300 | | 222,299,300 | ||||||||||||
France |
156,599 | 427,381,551 | $ | 34,641 | 427,572,791 | |||||||||||
Germany |
| 559,996,860 | | 559,996,860 | ||||||||||||
Ireland |
| 64,216,047 | | 64,216,047 | ||||||||||||
Israel |
600,444 | 165,430,984 | | 166,031,428 | ||||||||||||
Italy |
15,369 | 342,488,599 | | 342,503,968 | ||||||||||||
Netherlands |
| 238,818,625 | | 238,818,625 | ||||||||||||
Norway |
| 99,019,590 | | 99,019,590 | ||||||||||||
Portugal |
| 37,588,310 | | 37,588,310 | ||||||||||||
South Africa |
| 640,065 | | 640,065 | ||||||||||||
Spain |
| 240,876,420 | | 240,876,420 | ||||||||||||
Sweden |
714,899 | 247,186,608 | | 247,901,507 | ||||||||||||
Switzerland |
| 726,395,190 | | 726,395,190 | ||||||||||||
United Arab Emirates |
| 313,133 | | 313,133 | ||||||||||||
United Kingdom |
| 3,984,941 | | 3,984,941 | ||||||||||||
United States |
6,467,782 | | | 6,467,782 | ||||||||||||
Preferred Stocks |
||||||||||||||||
Germany |
| 28,330,432 | | 28,330,432 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Securities Lending Collateral |
| 228,539,679 | | 228,539,679 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 8,638,840 | $ | 4,216,954,392 | $ | 34,641 | ^ | $ | 4,225,627,873 | |||||||
|
|
|
|
|
|
|
|
^ | A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets. |
THE CANADIAN SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2022
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (81.6%) |
| |||||||||
COMMUNICATION SERVICES (1.1%) |
| |||||||||
* |
AcuityAds Holdings, Inc. |
9,419 | $ | 16,365 | ||||||
# * |
Aimia, Inc. |
732,996 | 1,830,699 | |||||||
* |
Cineplex, Inc. |
28,690 | 189,003 | |||||||
Cogeco Communications, Inc. |
84,282 | 4,399,736 | ||||||||
Cogeco, Inc. |
36,634 | 1,461,276 | ||||||||
# |
Corus Entertainment, Inc., Class B |
1,137,421 | 1,943,254 | |||||||
* |
Enthusiast Gaming Holdings, Inc. |
18,353 | 15,678 | |||||||
* |
Enthusiast Gaming Holdings, Inc., Class I |
9,000 | 7,816 | |||||||
TELUS Corp. |
173,836 | 3,451,936 | ||||||||
* |
TeraGo, Inc. |
2,400 | 5,751 | |||||||
# * |
WildBrain Ltd. |
612,863 | 1,020,440 | |||||||
# |
Yellow Pages Ltd. |
105,820 | 953,747 | |||||||
|
|
|||||||||
TOTAL COMMUNICATION SERVICES |
15,295,701 | |||||||||
|
|
|||||||||
CONSUMER DISCRETIONARY (4.6%) |
| |||||||||
# * |
Aritzia, Inc. |
461,040 | 15,149,387 | |||||||
* |
AutoCanada, Inc. |
126,941 | 2,080,533 | |||||||
# |
BMTC Group, Inc. |
20,581 | 207,844 | |||||||
# * |
Bragg Gaming Group, Inc. |
4,700 | 18,952 | |||||||
#,* |
Canada Goose Holdings, Inc. |
266,505 | 4,060,957 | |||||||
# |
Dorel Industries, Inc., Class B |
149,777 | 515,033 | |||||||
# |
Exco Technologies Ltd. |
164,124 | 914,869 | |||||||
Gamehost, Inc. |
89,999 | 508,193 | ||||||||
Leons Furniture Ltd. |
167,479 | 1,939,888 | ||||||||
Linamar Corp. |
255,634 | 9,958,132 | ||||||||
# |
Martinrea International, Inc. |
483,433 | 2,992,256 | |||||||
MTY Food Group, Inc. |
103,016 | 4,251,576 | ||||||||
Park Lawn Corp. |
183,743 | 3,201,719 | ||||||||
Pizza Pizza Royalty Corp. |
162,278 | 1,484,920 | ||||||||
# |
Pollard Banknote Ltd. |
49,129 | 673,974 | |||||||
* |
Recipe Unlimited Corp. |
88,994 | 1,328,451 | |||||||
# W |
Sleep Country Canada Holdings, Inc. |
208,190 | 3,687,993 | |||||||
W |
Spin Master Corp. |
155,322 | 4,674,221 | |||||||
# * |
Uni-Select, Inc. |
242,884 | 6,414,311 | |||||||
|
|
|||||||||
TOTAL CONSUMER DISCRETIONARY |
64,063,209 | |||||||||
|
|
|||||||||
CONSUMER STAPLES (4.1%) |
| |||||||||
# |
Andrew Peller Ltd., Class A |
168,200 | 683,101 | |||||||
* |
CareRx Corp. |
2,700 | 5,883 | |||||||
Corby Spirit & Wine Ltd. |
85,367 | 1,088,293 | ||||||||
High Liner Foods, Inc. |
106,744 | 1,005,349 | ||||||||
W |
Jamieson Wellness, Inc. |
254,326 | 6,169,663 | |||||||
# |
KP Tissue, Inc. |
47,200 | 351,604 | |||||||
Lassonde Industries, Inc., Class A |
18,000 | 1,416,831 | ||||||||
# |
Maple Leaf Foods, Inc. |
445,946 | 6,663,283 | |||||||
Neighbourly Pharmacy, Inc. |
1,426 | 21,111 | ||||||||
# |
North West Co., Inc. |
291,156 | 6,742,738 | |||||||
# |
Premium Brands Holdings Corp. |
227,466 | 13,996,894 | |||||||
Primo Water Corp. |
893,347 | 11,202,273 | ||||||||
# |
Rogers Sugar, Inc. |
693,819 | 3,104,066 | |||||||
# * |
SunOpta, Inc. |
403,480 | 3,676,374 | |||||||
|
|
|||||||||
TOTAL CONSUMER STAPLES |
56,127,463 | |||||||||
|
|
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ENERGY (21.2%) |
| |||||||||
* |
Advantage Energy Ltd. |
1,194,867 | $ | 8,589,445 | ||||||
Africa Oil Corp. |
1,333,299 | 2,470,949 | ||||||||
* |
AKITA Drilling Ltd., Class A |
400 | 342 | |||||||
* |
Athabasca Oil Corp. |
2,177,410 | 3,357,501 | |||||||
# * |
Baytex Energy Corp. |
2,341,875 | 9,917,811 | |||||||
# |
Birchcliff Energy Ltd. |
1,610,417 | 11,436,776 | |||||||
* |
Bonterra Energy Corp. |
5,115 | 25,254 | |||||||
* |
Calfrac Well Services Ltd. |
3,700 | 14,223 | |||||||
# |
Canacol Energy Ltd. |
952,044 | 1,288,829 | |||||||
# |
Cardinal Energy Ltd. |
665,476 | 3,420,478 | |||||||
CES Energy Solutions Corp. |
1,361,989 | 2,149,445 | ||||||||
Computer Modelling Group Ltd. |
452,045 | 1,662,423 | ||||||||
# |
Crescent Point Energy Corp. |
3,289,792 | 20,245,697 | |||||||
* |
Crew Energy, Inc. |
556,020 | 2,072,974 | |||||||
# * |
Denison Mines Corp. |
3,853,823 | 4,491,733 | |||||||
# |
Enerflex Ltd. |
616,865 | 2,648,141 | |||||||
# * |
Energy Fuels, Inc. |
201,592 | 1,230,259 | |||||||
# |
Enerplus Corp. |
1,323,108 | 18,735,572 | |||||||
* |
Ensign Energy Services, Inc. |
741,132 | 1,212,552 | |||||||
# * |
Fission Uranium Corp. |
1,962,000 | 937,431 | |||||||
# |
Freehold Royalties Ltd. |
652,441 | 6,791,980 | |||||||
* |
Frontera Energy Corp. |
280,837 | 2,035,095 | |||||||
Gear Energy Ltd. |
201,778 | 166,523 | ||||||||
# |
Gibson Energy, Inc. |
899,205 | 14,301,614 | |||||||
* |
Gran Tierra Energy, Inc. |
2,209,295 | 2,702,942 | |||||||
* |
Greenlane Renewables, Inc. |
17,100 | 7,799 | |||||||
# * |
Headwater Exploration, Inc. |
648,910 | 2,470,964 | |||||||
* |
InPlay Oil Corp. |
29,169 | 55,958 | |||||||
* |
Journey Energy, Inc. |
22,652 | 77,237 | |||||||
* |
Kelt Exploration Ltd. |
959,669 | 3,619,557 | |||||||
# |
Keyera Corp. |
187,969 | 3,870,010 | |||||||
* |
Kolibri Global Energy, Inc. |
5,600 | 7,905 | |||||||
* |
Lightstream Resources Ltd. |
687,816 | 0 | |||||||
* |
MEG Energy Corp. |
2,167,763 | 24,261,495 | |||||||
North American Construction Group Ltd. |
152,233 | 1,454,209 | ||||||||
# * |
NuVista Energy Ltd. |
1,111,528 | 7,893,792 | |||||||
* |
Obsidian Energy Ltd. |
48,098 | 344,863 | |||||||
# |
Paramount Resources Ltd., Class A |
405,621 | 7,164,844 | |||||||
# |
Parex Resources, Inc. |
774,607 | 11,310,546 | |||||||
# |
Parkland Corp. |
836,660 | 17,928,212 | |||||||
Pason Systems, Inc. |
434,525 | 4,158,555 | ||||||||
* |
Petrus Resources Ltd. |
4,900 | 6,917 | |||||||
# |
Peyto Exploration & Development Corp. |
965,837 | 7,705,161 | |||||||
PHX Energy Services Corp. |
106,006 | 444,330 | ||||||||
* |
Pieridae Energy Ltd. |
21,800 | 14,993 | |||||||
Pine Cliff Energy Ltd. |
87,000 | 107,699 | ||||||||
* |
Pipestone Energy Corp. |
63,055 | 168,895 | |||||||
# |
PrairieSky Royalty Ltd. |
1,182,767 | 15,249,633 | |||||||
* |
Precision Drilling Corp. |
79,933 | 4,046,630 | |||||||
# * |
Questerre Energy Corp., Class A |
797,460 | 132,780 | |||||||
# |
Secure Energy Services, Inc. |
1,849,956 | 7,727,401 | |||||||
* |
ShawCor Ltd. |
386,078 | 2,386,872 | |||||||
* W |
STEP Energy Services Ltd. |
21,460 | 69,444 | |||||||
# |
Surge Energy, Inc. |
40,642 | 229,783 | |||||||
# |
Tamarack Valley Energy Ltd. |
1,603,208 | 4,398,710 | |||||||
TerraVest Industries, Inc. |
5,000 | 88,500 | ||||||||
Tidewater Midstream & Infrastructure Ltd. |
1,358,267 | 973,457 | ||||||||
Total Energy Services, Inc. |
256,662 | 1,200,303 | ||||||||
# * |
Touchstone Exploration, Inc. |
28,397 | 23,435 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ENERGY (Continued) |
| |||||||||
# |
TransGlobe Energy Corp. |
95,106 | $ | 254,693 | ||||||
* |
Trican Well Service Ltd. |
1,267,327 | 2,633,097 | |||||||
# |
Vermilion Energy, Inc. |
949,975 | 20,338,859 | |||||||
# |
Whitecap Resources, Inc. |
2,848,499 | 18,022,864 | |||||||
# * |
Yangarra Resources Ltd. |
323,471 | 536,250 | |||||||
|
|
|||||||||
TOTAL ENERGY |
293,292,641 | |||||||||
|
|
|||||||||
FINANCIALS (7.8%) |
| |||||||||
AGF Management Ltd., Class B |
351,328 | 1,541,280 | ||||||||
# |
Alaris Equity Partners Income |
153,883 | 1,653,183 | |||||||
# |
Canaccord Genuity Group, Inc. |
480,207 | 2,353,496 | |||||||
# |
Canadian Western Bank |
498,863 | 8,122,075 | |||||||
# |
Chesswood Group Ltd. |
56,542 | 501,422 | |||||||
# |
CI Financial Corp. |
1,010,158 | 9,682,189 | |||||||
Clairvest Group, Inc. |
1,900 | 99,034 | ||||||||
ECN Capital Corp. |
2,311,338 | 7,646,733 | ||||||||
E-L Financial Corp. Ltd. |
7,278 | 4,510,058 | ||||||||
# |
Element Fleet Management Corp. |
2,180,348 | 25,728,217 | |||||||
# |
EQB, Inc. |
135,984 | 4,571,685 | |||||||
# |
Fiera Capital Corp. |
356,949 | 2,245,547 | |||||||
Firm Capital Mortgage Investment Corp. |
186,421 | 1,554,689 | ||||||||
# |
First National Financial Corp. |
82,019 | 2,138,129 | |||||||
# |
goeasy Ltd. |
61,859 | 4,814,913 | |||||||
# * |
GoldMoney, Inc. |
125,000 | 149,310 | |||||||
Guardian Capital Group Ltd., Class A |
93,214 | 1,805,100 | ||||||||
# |
Home Capital Group, Inc. |
284,804 | 5,669,895 | |||||||
Kingsway Financial Services, Inc. |
13,070 | 90,707 | ||||||||
# |
Laurentian Bank of Canada |
370,975 | 7,954,740 | |||||||
Onex Corp. |
48,816 | 2,239,101 | ||||||||
* |
RF Capital Group, Inc. |
17,024 | 178,205 | |||||||
# |
Sprott, Inc. |
133,740 | 4,487,301 | |||||||
# |
Timbercreek Financial Corp. |
518,190 | 2,851,011 | |||||||
* |
Trisura Group Ltd. |
199,610 | 4,827,864 | |||||||
VersaBank |
3,400 | 23,851 | ||||||||
|
|
|||||||||
TOTAL FINANCIALS |
107,439,735 | |||||||||
|
|
|||||||||
HEALTH CARE (1.3%) |
| |||||||||
# |
Andlauer Healthcare Group, Inc. |
54,458 | 1,874,599 | |||||||
#,* |
Aptose Biosciences, Inc. |
75,121 | 44,681 | |||||||
# * |
Aurora Cannabis, Inc. |
763,275 | 930,478 | |||||||
# * |
Bausch Health Cos., Inc. |
96,300 | 663,507 | |||||||
# * |
Canopy Growth Corp. |
313,200 | 851,740 | |||||||
# * |
Charlottes Web Holdings, Inc. |
49,894 | 20,588 | |||||||
# * |
Cronos Group, Inc. |
386,929 | 1,091,140 | |||||||
* |
dentalcorp Holdings Ltd. |
10,873 | 62,577 | |||||||
* |
Dialogue Health Technologies, Inc. |
100 | 162 | |||||||
# |
Extendicare, Inc. |
474,539 | 2,332,588 | |||||||
# * |
HEXO Corp. |
77,100 | 13,385 | |||||||
# |
HLS Therapeutics, Inc. |
20,104 | 131,276 | |||||||
* |
Knight Therapeutics, Inc. |
778,243 | 2,991,617 | |||||||
Medical Facilities Corp. |
164,317 | 1,276,376 | ||||||||
* |
Oncolytics Biotech, Inc. |
33,485 | 41,187 | |||||||
#,* |
Organigram Holdings, Inc. |
1,127,585 | 990,040 | |||||||
# |
Sienna Senior Living, Inc. |
398,686 | 3,399,950 | |||||||
* |
Viemed Healthcare, Inc. |
85,210 | 511,703 | |||||||
* |
Well Health Technologies Corp. |
25,803 | 57,533 | |||||||
|
Zenith Capital Corp. |
111,820 | 14,684 | |||||||
|
|
|||||||||
TOTAL HEALTH CARE |
17,299,811 | |||||||||
|
|
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (8.7%) |
| |||||||||
# |
Aecon Group, Inc. |
350,074 | $ | 2,412,643 | ||||||
# |
AG Growth International, Inc. |
124,923 | 2,912,021 | |||||||
# |
Algoma Central Corp. |
48,800 | 569,130 | |||||||
* |
ATS Automation Tooling Systems, Inc. |
416,536 | 10,994,247 | |||||||
# |
Badger Infrastructure Solutions Ltd. |
178,983 | 3,647,426 | |||||||
# * |
Ballard Power Systems, Inc. |
698,602 | 4,275,444 | |||||||
# |
Bird Construction, Inc. |
278,076 | 1,199,792 | |||||||
Black Diamond Group Ltd. |
237,417 | 653,118 | ||||||||
# * |
Bombardier, Inc., Class A |
13,991 | 273,469 | |||||||
# * |
Bombardier, Inc., Class B |
435,248 | 7,792,146 | |||||||
# |
Boyd Group Services, Inc. |
84,302 | 10,615,943 | |||||||
# |
Calian Group Ltd. |
55,592 | 2,250,885 | |||||||
Dexterra Group, Inc. |
168,743 | 702,408 | ||||||||
# * |
DIRTT Environmental Solutions |
269,070 | 114,925 | |||||||
# |
Doman Building Materials Group Ltd. |
344,034 | 1,447,017 | |||||||
# |
Exchange Income Corp. |
96,953 | 2,908,555 | |||||||
Finning International, Inc. |
809,489 | 14,228,395 | ||||||||
* |
GDI Integrated Facility Services, Inc. |
54,239 | 1,678,588 | |||||||
Hardwoods Distribution, Inc. |
1,698 | 32,378 | ||||||||
* |
Heroux-Devtek, Inc. |
243,053 | 2,155,427 | |||||||
K-Bro Linen, Inc. |
62,086 | 1,267,024 | ||||||||
Magellan Aerospace Corp. |
114,378 | 572,159 | ||||||||
* |
MDA Ltd. |
25,771 | 135,259 | |||||||
# |
Mullen Group Ltd. |
475,225 | 4,898,978 | |||||||
# |
NFI Group, Inc. |
340,794 | 2,995,069 | |||||||
* |
Patriot One Technologies, Inc. |
120,000 | 32,577 | |||||||
Richelieu Hardware Ltd. |
316,493 | 8,782,117 | ||||||||
# |
Russel Metals, Inc. |
345,023 | 6,419,149 | |||||||
# |
Savaria Corp. |
230,245 | 2,300,200 | |||||||
# |
SNC-Lavalin Group, Inc. |
886,233 | 14,756,115 | |||||||
# |
Stantec, Inc. |
19,723 | 864,773 | |||||||
Wajax Corp. |
104,085 | 1,401,514 | ||||||||
# * |
Westport Fuel Systems, Inc. |
73,881 | 64,436 | |||||||
# |
Westshore Terminals Investment Corp. |
262,257 | 5,034,970 | |||||||
|
|
|||||||||
TOTAL INDUSTRIALS |
120,388,297 | |||||||||
|
|
|||||||||
INFORMATION TECHNOLOGY (2.5%) |
| |||||||||
# * |
BlackBerry Ltd. |
1,183,693 | 5,563,357 | |||||||
* |
Celestica, Inc. |
620,813 | 5,230,703 | |||||||
* |
Converge Technology Solutions Corp. |
77,539 | 368,792 | |||||||
# |
Dye & Durham Ltd. |
16,633 | 204,940 | |||||||
Enghouse Systems Ltd. |
249,746 | 5,243,156 | ||||||||
Evertz Technologies Ltd. |
148,543 | 1,320,526 | ||||||||
* |
Kinaxis, Inc. |
53,649 | 5,323,538 | |||||||
# * |
Lightspeed Commerce, Inc. |
202,088 | 3,552,707 | |||||||
Quarterhill, Inc. |
624,896 | 741,904 | ||||||||
* |
Sangoma Technologies Corp. |
4,200 | 21,922 | |||||||
* |
Sierra Wireless, Inc. |
202,824 | 6,165,403 | |||||||
Softchoice Corp. |
13,390 | 199,200 | ||||||||
TECSYS, Inc. |
14,563 | 308,476 | ||||||||
Vecima Networks, Inc. |
6,059 | 74,567 | ||||||||
|
|
|||||||||
TOTAL INFORMATION TECHNOLOGY |
34,319,191 | |||||||||
|
|
|||||||||
MATERIALS (20.8%) |
| |||||||||
# * |
5N Plus, Inc. |
420,567 | 508,450 | |||||||
# |
Acadian Timber Corp. |
65,067 | 753,663 | |||||||
# |
AirBoss of America Corp. |
94,697 | 572,426 | |||||||
Alamos Gold, Inc.,Class A |
2,215,177 | 16,421,116 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
# |
Altius Minerals Corp. |
274,538 | $ | 3,847,726 | ||||||
# * |
Americas Gold & Silver Corp. |
86,596 | 36,360 | |||||||
Amerigo Resources Ltd. |
227,887 | 160,025 | ||||||||
* |
Argonaut Gold, Inc. |
1,730,006 | 526,009 | |||||||
* |
Ascot Resources Ltd. |
71,438 | 20,169 | |||||||
* |
Aya Gold & Silver, Inc. |
16,800 | 97,418 | |||||||
B2Gold Corp. |
4,647,782 | 14,962,845 | ||||||||
* |
Calibre Mining Corp. |
231,489 | 159,203 | |||||||
* |
Canfor Corp. |
347,829 | 5,063,772 | |||||||
# * |
Canfor Pulp Products, Inc. |
144,351 | 493,762 | |||||||
# * |
Capstone Mining Corp. |
2,311,783 | 5,455,831 | |||||||
# |
Cascades, Inc. |
518,809 | 3,019,672 | |||||||
# |
Centerra Gold, Inc. |
1,153,585 | 5,077,495 | |||||||
China Gold International Resources Corp. Ltd. |
1,379,942 | 3,516,412 | ||||||||
# * |
Copper Mountain Mining Corp. |
984,419 | 1,097,481 | |||||||
Dundee Precious Metals, Inc. |
1,031,781 | 4,586,191 | ||||||||
# * |
Eldorado Gold Corp. |
968,248 | 5,848,700 | |||||||
#,* |
Endeavour Silver Corp. |
506,479 | 1,526,522 | |||||||
# * |
Equinox Gold Corp. |
1,286,872 | 4,682,989 | |||||||
# * |
ERO Copper Corp. |
302,222 | 3,340,884 | |||||||
# |
First Majestic Silver Corp. |
1,202,622 | 9,180,331 | |||||||
# * |
First Mining Gold Corp. |
749,400 | 111,215 | |||||||
#,* |
Fortuna Silver Mines, Inc. |
1,503,545 | 3,774,795 | |||||||
* |
Freegold Ventures Ltd. |
9,000 | 2,899 | |||||||
# * |
Galiano Gold, Inc. |
696,057 | 337,611 | |||||||
* |
GoGold Resources, Inc. |
180,275 | 206,200 | |||||||
* |
Hanfeng Evergreen, Inc. |
45,837 | 0 | |||||||
# |
Hudbay Minerals, Inc. |
1,208,976 | 4,866,944 | |||||||
* |
i-80 Gold Corp. |
28,498 | 50,339 | |||||||
#,* |
IAMGOLD Corp. |
2,665,915 | 2,870,732 | |||||||
# * |
Imperial Metals Corp. |
381,250 | 670,675 | |||||||
# * |
Interfor Corp. |
350,741 | 6,139,586 | |||||||
* |
K92 Mining, Inc. |
53,527 | 306,123 | |||||||
* |
Karora Resources, Inc. |
555,631 | 1,146,377 | |||||||
Kinross Gold Corp. |
1,399,636 | 5,264,509 | ||||||||
# |
Labrador Iron Ore Royalty Corp. |
315,769 | 6,608,667 | |||||||
# * |
Largo, Inc. |
70,585 | 371,217 | |||||||
# * |
Lucara Diamond Corp. |
1,635,773 | 651,301 | |||||||
# |
Lundin Gold, Inc. |
202,997 | 1,410,773 | |||||||
Lundin Mining Corp. |
1,028,048 | 5,194,755 | ||||||||
# * |
MAG Silver Corp. |
230,159 | 2,872,384 | |||||||
* |
Major Drilling Group International, Inc. |
668,976 | 4,024,462 | |||||||
* |
Mandalay Resources Corp. |
464 | 587 | |||||||
* |
Marathon Gold Corp. |
147,500 | 113,186 | |||||||
Maverix Metals, Inc. |
96,425 | 322,550 | ||||||||
Methanex Corp. |
340,999 | 10,863,974 | ||||||||
Neo Performance Materials, Inc. |
16,755 | 123,599 | ||||||||
* |
New Gold, Inc. |
3,469,405 | 3,089,274 | |||||||
# * |
New Pacific Metals Corp. |
1,200 | 2,544 | |||||||
Newcrest Mining Ltd. |
208,908 | 2,295,910 | ||||||||
# * |
Northern Dynasty Minerals Ltd. |
76,877 | 18,644 | |||||||
* |
OceanaGold Corp. |
3,792,013 | 6,176,588 | |||||||
* |
Orbite Technologies, Inc. |
73,500 | 0 | |||||||
#,* |
Orla Mining Ltd. |
76,865 | 250,915 | |||||||
# |
Osisko Gold Royalties Ltd. |
865,057 | 8,809,936 | |||||||
# * |
Osisko Mining, Inc. |
1,251,029 | 2,798,480 | |||||||
# |
Pan American Silver Corp. |
783,577 | 12,443,733 | |||||||
* |
PolyMet Mining Corp. |
64,208 | 186,393 | |||||||
* |
Sabina Gold & Silver Corp. |
1,438,714 | 1,135,265 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
# |
Sandstorm Gold Ltd. |
1,145,735 | $ | 5,928,970 | ||||||
# * |
Seabridge Gold, Inc. |
333,519 | 3,961,860 | |||||||
# * |
SilverCrest Metals, Inc. |
167,445 | 927,863 | |||||||
# |
SSR Mining, Inc. |
1,110,622 | 16,331,320 | |||||||
Stelco Holdings, Inc. |
264,376 | 6,585,716 | ||||||||
# |
Stella-Jones, Inc. |
312,231 | 8,765,569 | |||||||
# * |
Taseko Mines Ltd. |
1,642,585 | 1,878,803 | |||||||
* |
Torex Gold Resources, Inc. |
465,118 | 3,357,025 | |||||||
# |
Transcontinental, Inc., Class A |
415,053 | 4,834,548 | |||||||
# * |
Treasury Metals, Inc. |
207 | 45 | |||||||
* |
Trevali Mining Corp. |
255,929 | 37,981 | |||||||
Triple Flag Precious Metals Corp. |
1,600 | 20,270 | ||||||||
#,* |
Turquoise Hill Resources Ltd. |
496,946 | 14,704,769 | |||||||
* |
Victoria Gold Corp. |
23,206 | 137,588 | |||||||
# * |
Wallbridge Mining Co. Ltd. |
350,615 | 43,150 | |||||||
# * |
Wesdome Gold Mines Ltd. |
740,091 | 5,004,126 | |||||||
* |
Western Copper & Gold Corp. |
27,900 | 35,346 | |||||||
# |
Western Forest Products, Inc. |
1,786,410 | 1,707,070 | |||||||
# |
Winpak Ltd. |
175,225 | 5,699,395 | |||||||
# |
Yamana Gold, Inc. |
4,464,192 | 20,201,705 | |||||||
|
|
|||||||||
TOTAL MATERIALS |
286,631,713 | |||||||||
|
|
|||||||||
REAL ESTATE (2.2%) |
| |||||||||
# |
Altus Group Ltd. |
244,093 | 7,912,900 | |||||||
Bridgemarq Real Estate Services |
53,069 | 553,222 | ||||||||
DREAM Unlimited Corp., Class A |
232,598 | 4,142,260 | ||||||||
Information Services Corp. |
32,705 | 522,058 | ||||||||
# * |
Invesque, Inc. |
191,266 | 223,781 | |||||||
* |
Mainstreet Equity Corp. |
31,349 | 2,405,613 | |||||||
Melcor Developments Ltd. |
55,340 | 434,275 | ||||||||
Morguard Corp. |
22,684 | 1,791,106 | ||||||||
# * |
Real Matters, Inc. |
363,920 | 1,251,399 | |||||||
# |
Tricon Residential, Inc. |
1,307,133 | 11,307,853 | |||||||
|
|
|||||||||
TOTAL REAL ESTATE |
30,544,467 | |||||||||
|
|
|||||||||
UTILITIES (7.3%) |
| |||||||||
* |
Altius Renewable Royalties Corp. |
4,704 | 25,983 | |||||||
Atco Ltd., Class I |
396,942 | 12,198,348 | ||||||||
Boralex, Inc., Class A |
499,461 | 15,862,275 | ||||||||
# |
Brookfield Infrastructure Corp., Class A |
223,207 | 9,086,008 | |||||||
# |
Capital Power Corp. |
724,520 | 24,599,115 | |||||||
# |
Innergex Renewable Energy, Inc. |
748,951 | 9,428,643 | |||||||
* |
Maxim Power Corp. |
61,434 | 181,454 | |||||||
Polaris Renewable Energy, Inc. |
107,795 | 1,268,865 | ||||||||
# |
Superior Plus Corp. |
885,902 | 6,426,132 | |||||||
TransAlta Corp. |
1,766,644 | 15,615,606 | ||||||||
# |
TransAlta Renewables, Inc. |
588,980 | 6,233,676 | |||||||
|
|
|||||||||
TOTAL UTILITIES |
100,926,105 | |||||||||
|
|
|||||||||
TOTAL COMMON STOCKS |
1,126,328,333 | |||||||||
|
|
|||||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||||
MATERIALS (0.0%) |
| |||||||||
* |
Treasury Metals, Inc. Warrants 08/07/23 |
1 | 0 | |||||||
|
|
|||||||||
TOTAL INVESTMENT SECURITIES |
1,126,328,333 | |||||||||
|
|
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value | |||||||||
SECURITIES LENDING COLLATERAL (18.4%) |
| |||||||||
@ § |
The DFA Short Term Investment Fund |
21,957,018 | $ | 253,998,781 | ||||||
|
|
|||||||||
TOTAL INVESTMENTS (100.0%) |
|
|||||||||
(Cost $1,382,269,262)^^ |
$ | 1,380,327,114 | ||||||||
|
|
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
W | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Funds Liquidity Guidelines. The liquidity determination is unaudited. |
| Security valued using significant unobservable inputs (Level 3). |
| See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
Summary of the Series investments as of September 30, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks |
||||||||||||||||
Communication Services |
$ | 15,295,701 | | | $ | 15,295,701 | ||||||||||
Consumer Discretionary |
64,063,209 | | | 64,063,209 | ||||||||||||
Consumer Staples |
56,127,463 | | | 56,127,463 | ||||||||||||
Energy |
293,292,641 | | | 293,292,641 | ||||||||||||
Financials |
107,439,735 | | | 107,439,735 | ||||||||||||
Health Care |
17,285,127 | | $ | 14,684 | 17,299,811 | |||||||||||
Industrials |
120,388,297 | | | 120,388,297 | ||||||||||||
Information Technology |
34,319,191 | | | 34,319,191 | ||||||||||||
Materials |
286,593,732 | $ | 37,981 | | 286,631,713 | |||||||||||
Real Estate |
30,544,467 | | | 30,544,467 | ||||||||||||
Utilities |
100,926,105 | | | 100,926,105 | ||||||||||||
Securities Lending Collateral |
| 253,998,781 | | 253,998,781 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
TOTAL |
$ | 1,126,275,668 | $ | 254,036,762 | $ | 14,684^ | $ | 1,380,327,114 | ||||||||
|
|
|
|
|
|
|
|
^ | A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets. |
ORGANIZATION
The DFA Investment Trust Company (the Trust) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At September 30, 2022, the Trust consisted of ten operational investment portfolios, of which five The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series and The Canadian Small Company Series (collectively, the Series), are included in this document.
SECURITY VALUATION
The Series use a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels described below:
| Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts) |
| 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 Series own assumptions in determining the fair value of investments) |
Securities held by the Series, including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Series that are listed on Nasdaq are valued at the Nasdaq Official Closing Price (NOCP). If there is no last reported sale price or NOCP for the day, the Series value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Dimensional Fund Advisors LP) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
The Series will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the Series are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Series price their shares at the close of the NYSE, the Series will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets perceptions and trading activities on the Series foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the Series has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the Series uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When a Series uses fair value pricing, the values assigned to the Series foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to value the Series investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:
1. FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific types of derivative instruments used by the Series.
2. FUTURES CONTRACTS: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum initial margin requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as variation margin and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series record a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchanges clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At September 30, 2022, the total cost of securities for federal income tax purposes was:
Federal Tax Cost |
||||
The Japanese Small Company Series |
$ | 3,036,142 | ||
The Asia Pacific Small Company Series |
1,615,190 | |||
The United Kingdom Small Company Series |
1,444,131 | |||
The Continental Small Company Series |
4,700,956 | |||
The Canadian Small Company Series |
1,412,084 |
RECENTLY ISSUED ACCOUNTING STANDARDS
In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Series financial statements.
In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the Derivatives Rule) imposes limits on the amount of derivatives contracts the Series could enter, eliminate the asset segregation framework currently used by the Series to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Series are required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Series.
On December 3, 2020, the SEC adopted new Rule 2a-5 (the Valuation Rule) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good faith fair value determination and permits a Board to designate fair value determinations to a funds investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Series.
SUBSEQUENT EVENT EVALUATIONS
Management has evaluated the impact of all subsequent events on the Series through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial statements.