Sa Funds Investment Trust NPORT-P SA U.S. Value Fund (Sep 2023 report)

SA U.S. Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	FACE AMOUNT		VALUE†
YANKEE CORPORATE BONDS AND NOTES — 9.9%
Communication — 0.7%
NTT Finance Corp., 0.583%, 3/01/24 ±	$	3,500,000	$	3,424,615
Financial — 8.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.875%, 8/14/24		3,000,000		2,914,671
Bank of Montreal, 0.625%, 7/09/24		2,000,000		1,920,430
Bank of Montreal, SOFR + 1.330%, 6.674%, 6/05/26 ‡		1,000,000		1,011,172
Bank of Nova Scotia, SOFR + 1.090%, 6.434%, 6/12/25 ‡		3,500,000		3,508,333
Canadian Imperial Bank of Commerce, 3.100%, 4/02/24		4,500,000		4,434,093
Commonwealth Bank of Australia, SOFR + 0.400%, 5.680%, 7/07/25 ‡±		1,950,000		1,943,894
Cooperatieve Rabobank UA, 2.625%, 7/22/24 ±		2,000,000		1,947,509
Cooperatieve Rabobank UA, SOFR + 0.700%, 6.006%, 7/18/25 ‡		1,109,000		1,111,196
Mitsubishi UFJ Financial Group, Inc., 3.407%, 3/07/24		3,946,000		3,903,261
NatWest Markets PLC, 0.800%, 8/12/24 ±		4,250,000		4,063,476
Royal Bank of Canada, SOFR + 0.440%, 5.758%, 1/21/25 ‡		635,000		632,247
Skandinaviska Enskilda Banken AB, 0.650%, 9/09/24 ±		1,000,000		951,813
Societe Generale SA, 2.625%, 10/16/24 ±		750,000		721,051
Sumitomo Mitsui Banking Corp., 3.400%, 7/11/24		1,000,000		980,950
Sumitomo Mitsui Financial Group, Inc., 2.696%, 7/16/24		1,966,000		1,916,124
Sumitomo Mitsui Trust Bank Ltd., 0.850%, 3/25/24 ±		4,000,000		3,905,472
Svenska Handelsbanken AB, 3.900%, 11/20/23		2,000,000		1,994,408
Westpac Banking Corp., 3.300%, 2/26/24		2,000,000		1,978,917
				39,839,017
Government — 0.6%
Province of Alberta Canada, 3.350%, 11/01/23		1,000,000		998,210
Svensk Exportkredit AB, SOFR + 1.000%, 6.341%, 8/03/26 ‡		1,600,000		1,627,429
				2,625,639
TOTAL YANKEE CORPORATE BONDS AND NOTES
(Identified Cost $46,863,952)				45,889,271
CORPORATE BONDS AND NOTES — 13.3%
Basic Material — 0.2%
Sherwin-Williams Co. (The), 3.125%, 6/01/24		700,000		686,998

	FACE AMOUNT		VALUE†
Communications — 1.6%
Amazon.com, Inc., 2.730%, 4/13/24	$	5,000,000	$	4,927,282
Discovery Communications LLC, 3.900%, 11/15/24		2,680,000		2,607,172
				7,534,454
Consumer, Cyclical — 1.6%
General Motors Financial Co., Inc., 1.050%, 3/08/24		900,000		880,067
General Motors Financial Co., Inc.,  SOFR + 0.620%, 5.920%, 10/15/24 ‡		1,939,000		1,933,395
Marriott International, Inc., 3.600%, 4/15/24		2,750,000		2,716,538
Volkswagen Group of America Finance LLC, 2.850%, 9/26/24 ±		2,000,000		1,936,167
				7,466,167
Consumer, Non-cyclical — 1.2%
Cardinal Health, Inc., 3.079%, 6/15/24		3,165,000		3,099,563
Cigna Group. (The), 3.500%, 6/15/24		80,000		78,698
Elevance Health, Inc., 3.500%, 8/15/24		1,500,000		1,469,557
Gilead Sciences, Inc., 3.700%, 4/01/24		1,001,000		990,408
				5,638,226
Energy — 0.7%
Energy Transfer LP, 5.875%, 1/15/24		536,000		535,725
Marathon Petroleum Corp., 3.625%, 9/15/24		3,000,000		2,933,558
				3,469,283
Financial — 6.4%
American Express Co., 3.375%, 5/03/24		4,500,000		4,431,591
American Tower Corp., 0.600%, 1/15/24		2,500,000		2,461,169
Capital One Financial Corp., 3.200%, 2/05/25		1,000,000		958,538
Charles Schwab Corp. (The),  SOFR + 0.520%, 5.861%, 5/13/26 ‡		3,500,000		3,443,737
Citigroup, Inc., 3.750%, 6/16/24		3,000,000		2,954,684
Goldman Sachs Group, Inc. (The), 3.850%, 7/08/24		2,000,000		1,968,796
Goldman Sachs Group, Inc. (The), 4.000%, 3/03/24		1,000,000		991,620
Morgan Stanley, 3.875%, 4/29/24		4,800,000		4,742,296
Nuveen Finance LLC, 4.125%, 11/01/24 ±		4,000,000		3,896,124
State Street Corp.,  SOFR + 0.845%, 6.186%, 8/03/26 ‡		3,500,000		3,505,911
Ventas Realty LP, 3.750%, 5/01/24		493,000		486,258
				29,840,724
Industrial — 1.0%
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.450%, 7/01/24 ±		1,750,000		1,716,891
RTX Corp., 3.200%, 3/15/24		2,695,000		2,658,447

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, 2023 (Unaudited) (Continued)

	FACE AMOUNT		VALUE†
CORPORATE BONDS AND NOTES (Continued)
Industrial (Continued)
Ryder System, Inc., 3.650%, 3/18/24	$	60,000	$	59,351
				4,434,689
Utility — 0.6%
Edison International, 3.550%, 11/15/24		3,000,000		2,916,486
TOTAL CORPORATE BONDS AND NOTES
(Identified Cost $63,276,179)				61,987,027
U.S. GOVERNMENT & AGENCY OBLIGATIONS — 51.4%
Sovereign — 0.2%
Federal Home Loan Bank Discount Notes, 0.000%, 2/06/24 #		1,000,000		981,765
U.S. Treasury Securities — 51.2%
U.S. Treasury Floating Rate Note,  3 mo. Treasury Money Market Yield + 0.125%, 5.528%, 7/31/25 ‡		16,000,000		15,987,065
U.S. Treasury Floating Rate Note,  3 mo. Treasury Money Market Yield + 0.140%, 5.543%, 10/31/24 ‡		22,500,000		22,526,608
U.S. Treasury Floating Rate Note,  3 mo. Treasury Money Market Yield + 0.169%, 5.572%, 4/30/25 ‡		32,850,000		32,866,575
U.S. Treasury Floating Rate Note,  3 mo. Treasury Money Market Yield + 0.200%, 5.603%, 1/31/25 ‡		40,000,000		40,061,296
U.S. Treasury Note, 0.125%, 10/15/23		28,750,000		28,696,213
U.S. Treasury Note, 0.250%, 11/15/23		38,000,000		37,765,079
U.S. Treasury Note, 0.375%, 10/31/23		22,500,000		22,411,953
U.S. Treasury Note, 0.500%, 11/30/23		37,750,000		37,451,360
				237,766,149
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS
(Identified Cost $239,005,084)				238,747,914
SHORT-TERM INVESTMENTS — 10.0%
Commercial Paper — 9.8%
Australia & New Zealand Banking Group Ltd., 0.010%, 11/08/23		3,000,000		2,982,117
Australia & New Zealand Banking Group Ltd., 5.450%, 11/30/23		8,000,000		7,926,344
Australia & New Zealand Banking Group Ltd., 5.560%, 1/08/24		1,000,000		984,928
Cigna Group. (The), 0.010%, 11/21/23		2,000,000		1,983,658
Cigna Group. (The), 5.600%, 1/03/24		1,500,000		1,477,536

	FACE AMOUNT		VALUE†
Cooperatieve Rabobank UA, 5.540%, 2/01/24	$	4,500,000	$	4,415,094
Cooperatieve Rabobank UA, 5.560%, 2/07/24		1,000,000		980,143
DNB Bank ASA, 5.550%, 1/30/24		3,000,000		2,944,240
Glencore Funding LLC, 5.670%, 11/10/23		1,793,000		1,781,087
John Deere Canada ULC, 5.300%, 10/04/23		3,500,000		3,497,432
National Securities Clearing Corp., 5.330%, 10/16/23		3,500,000		3,491,194
National Securities Clearing Corp., 5.460%, 2/01/24		5,000,000		4,873,360
Parker-Hannifin Corp., 5.480%, 10/02/23		1,214,000		1,213,452
Swedbank AB, 5.525%, 11/21/23		3,500,000		3,472,798
Walt Disney Co., 5.500%, 2/21/24		3,500,000		3,422,226
				45,445,609
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.040%		796,712		796,712
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $46,282,018)				46,242,321
Total Investments — 84.6%
(Identified Cost $395,427,233)				392,866,533
Cash and Other Assets, Less Liabilities — 15.4%				71,353,795
Net Assets — 100.0%			$	464,220,328

† 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, 2023 amounted to $24,507,011 or 5.28% of the net assets of the Fund.

‡ Floating rate or variable rate note. Rate shown is as of September 30, 2023.

# Zero coupon bond

The accompanying notes are an integral part of these portfolio of investments.

Portfolio Sectors as of September 30, 2023

(As a percentage of investment excluding short-termmoney market investment) (Unaudited)

Sector	Percentage
Government		61.6	%
Financial		17.8	%
Commercial Paper		11.6	%
Communications		2.8	%
Consumer, Cyclical		1.9	%
Consumer, Non-cyclical		1.4	%
Industrial		1.1	%
Energy		0.9	%
Utilities		0.7	%
Basic Materials		0.2	%
		100.0	%

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

		FACE AMOUNT		VALUE†
BONDS AND NOTES — 86.9%
Australia — 8.4%
Australia & New Zealand Banking Group Ltd., 1.550%, 8/29/24	AUD		500,000	$	312,440
Australia & New Zealand Banking Group Ltd., 4.050%, 5/12/25	AUD		1,000,000		634,581
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.830%), 4.970%, 3/31/26 ‡	AUD		1,500,000		966,853
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.920%), 5.110%, 11/04/25 ‡	AUD		2,500,000		1,615,393
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.970%), 5.138%, 5/12/27 ‡	AUD		500,000		322,964
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 1.200%), 5.390%, 11/04/27 ‡	AUD		500,000		325,491
Commonwealth Bank of Australia, 4.200%, 8/18/25	AUD		1,700,000		1,078,882
Commonwealth Bank of Australia, (3-mo. Swap + 0.800%), 4.950%, 8/18/25 ‡	AUD		2,000,000		1,289,372
Commonwealth Bank of Australia, (3-mo. Swap + 0.700%), 4.989%, 1/14/27 ‡	AUD		1,000,000		641,042
Commonwealth Bank of Australia, (3-mo. Swap + 0.900%), 5.193%, 1/13/26 ‡	AUD		6,200,000		4,004,282
Commonwealth Bank of Australia, (3-mo. Swap + 1.150%), 5.443%, 1/13/28 ‡	AUD		1,500,000		974,352
Commonwealth Bank of Australia, (SOFR + 0.400%), 5.680%, 7/07/25 ±‡	USD		3,548,000		3,536,891
Commonwealth Bank of Australia, (SOFR + 0.630%), 5.982%, 9/12/25 ±‡	USD		233,000		233,204
Commonwealth Bank of Australia, (SOFR + 0.740%), 6.093%, 3/14/25 ‡	USD		2,900,000		2,907,925
National Australia Bank Ltd., 0.250%, 5/20/24	EUR		2,076,000		2,142,436
National Australia Bank Ltd., 2.900%, 2/25/27	AUD		1,000,000		600,106
National Australia Bank Ltd., 3.900%, 5/30/25	AUD		2,400,000		1,518,777
National Australia Bank Ltd., (3-mo. Swap + 0.780%), 4.948%, 5/12/26 ‡	AUD		1,500,000		965,637
National Australia Bank Ltd., (3-mo. Swap + 0.900%), 5.030%, 5/30/25 ‡	AUD		5,900,000		3,811,398
National Australia Bank Ltd., (3-mo. Swap + 0.920%), 5.057%, 11/25/25 ‡	AUD		2,500,000		1,615,198

		FACE AMOUNT		VALUE†
National Australia Bank Ltd., (3-mo. Swap + 0.770%), 5.128%, 1/21/25 ‡	AUD		1,300,000	$	838,412
National Australia Bank Ltd., (3-mo. Swap + 1.200%), 5.337%, 11/25/27 ‡	AUD		500,000		325,287
National Australia Bank Ltd., (SOFR + 0.380%), 5.674%, 1/12/25 ±‡	USD		250,000		249,678
National Australia Bank Ltd., (SOFR + 0.760%), 6.106%, 5/13/25 ‡±	USD		3,110,000		3,119,449
Westpac Banking Corp., 0.750%, 10/17/23	EUR		1,200,000		1,267,145
Westpac Banking Corp., 2.700%, 3/17/25	AUD		1,400,000		872,717
Westpac Banking Corp., 3.300%, 2/26/24	USD		3,535,000		3,497,735
Westpac Banking Corp., 4.125%, 6/04/26	AUD		2,300,000		1,446,529
Westpac Banking Corp., (3-mo. Swap + 0.690%), 4.809%, 3/17/25 ‡	AUD		3,000,000		1,932,008
Westpac Banking Corp., (3-mo. Swap + 0.750%), 4.904%, 2/16/26 ‡	AUD		1,000,000		643,546
Westpac Banking Corp., (3-mo. Swap + 0.800%), 4.968%, 8/11/25 ‡	AUD		6,000,000		3,868,764
Westpac Banking Corp., (3-mo. Swap + 0.700%), 5.055%, 1/25/27 ‡	AUD		1,000,000		641,078
Westpac Banking Corp., (3-mo. Swap + 0.950%), 5.104%, 11/16/23 ‡	AUD		100,000		64,347
Westpac Banking Corp., (3-mo. Swap + 0.950%), 5.118%, 11/11/25 ‡	AUD		1,400,000		905,184
Westpac Banking Corp., (3-mo. Swap + 0.980%), 5.134%, 2/16/28 ‡	AUD		500,000		322,608
Westpac Banking Corp., (3-mo. Swap + 1.230%), 5.398%, 11/11/27 ‡	AUD		1,500,000		977,574
					50,469,285
Austria — 0.5%
Oesterreichische Kontrollbank AG, 1.250%, 12/15/23	GBP		1,400,000		1,693,725
Republic of Austria Government Bond, 1.750%, 10/20/23	EUR		1,200,000		1,267,241
					2,960,966
Belgium — 0.8%
Kingdom of Belgium Government Bond, 0.200%, 10/22/23	EUR		2,900,000		3,060,690
Kingdom of Belgium Government Bond, 2.600%, 6/22/24	EUR		1,800,000		1,887,575
					4,948,265
Canada — 11.6%
Canada Government Bonds, 0.500%, 11/01/23	CAD		1,000,000		733,710

The accompanying notes are an integral part of these portfolio of investments.

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
Canada (Continued)
Canada Government Bonds, 0.750%, 2/01/24	CAD		3,300,000	$	2,394,873
Canada Government Bonds, 2.250%, 3/01/24	CAD		1,400,000		1,018,943
Canada Treasury Bills, 0.000%, 2/01/24 #	CAD		2,000,000		1,446,952
CDP Financial, Inc., (SOFR + 0.400%), 5.742%, 5/19/25 ‡±	USD		5,400,000		5,401,663
CPPIB Capital, Inc., 0.375%, 6/20/24	EUR		6,450,000		6,647,888
CPPIB Capital, Inc., 0.875%, 12/17/24	GBP		1,100,000		1,269,146
Export Development Canada, 1.375%, 12/08/23	GBP		1,366,000		1,654,320
Export Development Canada, 2.625%, 2/21/24	USD		55,000		54,375
OMERS Finance Trust, 2.500%, 5/02/24	USD		810,000		795,041
Province of Alberta Canada, 2.950%, 1/23/24	USD		1,980,000		1,963,750
Province of Alberta Canada, 3.100%, 6/01/24	CAD		700,000		508,524
Province of Alberta Canada, 3.350%, 11/01/23	USD		3,649,000		3,642,471
Province of Manitoba Canada, 2.600%, 4/16/24	USD		4,300,000		4,229,168
Province of Ontario Canada, 0.375%, 6/14/24	EUR		2,000,000		2,062,390
Province of Ontario Canada, 0.500%, 12/15/23	GBP		650,000		785,222
Province of Ontario Canada, 3.050%, 1/29/24	USD		6,320,000		6,267,036
Province of Ontario Canada, 3.100%, 8/26/25	AUD		2,000,000		1,246,581
Province of Ontario Canada, 3.400%, 10/17/23	USD		4,528,000		4,523,980
Province of Ontario Canada, 3.500%, 6/02/24	CAD		800,000		582,593
Province of Quebec Canada, 0.750%, 12/13/24	GBP		600,000		691,384
Province of Quebec Canada, 2.500%, 4/09/24	USD		8,336,000		8,199,842
Province of Quebec Canada, 3.700%, 5/20/26	AUD		4,500,000		2,813,062
Province of Saskatchewan Canada, 3.200%, 6/03/24	CAD		1,500,000		1,090,364
PSP Capital, Inc., 3.290%, 4/04/24	CAD		3,600,000		2,626,279
Royal Bank of Canada, 4.200%, 6/22/26	AUD		500,000		313,845
Toronto-Dominion Bank (The), 0.750%, 1/06/26	USD		559,000		499,065
Toronto-Dominion Bank (The), 3.226%, 7/24/24	CAD		9,050,000		6,544,764
					70,007,231

		FACE AMOUNT		VALUE†
Denmark — 2.9%
Denmark Government Bond, 0.000%, 11/15/24 #	DKK		79,000,000	$	10,782,420
Kommunekredit, 0.250%, 2/16/24	EUR		2,000,000		2,085,885
Kommunekredit, 0.375%, 11/15/24	GBP		250,000		288,040
Kommunekredit, 1.000%, 12/15/23	USD		2,600,000		2,576,305
Kommunekredit, 2.000%, 6/25/24	GBP		1,300,000		1,544,698
					17,277,348
Finland — 1.1%
Kuntarahoitus Oyj, 0.875%, 12/16/24 @	GBP		2,900,000		3,345,920
Kuntarahoitus Oyj, 0.125%, 3/07/24	EUR		2,250,000		2,341,915
OP Corporate Bank plc, 1.000%, 5/22/25	EUR		1,000,000		1,007,053
					6,694,888
France — 5.4%
Agence Francaise de Developpement EPIC, 3.125%, 1/04/24	EUR		5,000,000		5,270,778
Caisse d’Amortissement de la Dette Sociale, 0.125%, 10/25/23	EUR		1,300,000		1,371,142
Caisse d’Amortissement de la Dette Sociale, 0.375%, 5/27/24	USD		1,500,000		1,449,262
Caisse d’Amortissement de la Dette Sociale, 2.375%, 1/25/24	EUR		5,500,000		5,786,528
Caisse d’Amortissement de la Dette Sociale, 3.375%, 3/20/24	USD		371,000		367,131
Caisse des Depots et Consignations, (SOFR + 0.340%), 5.681%, 5/03/26 ‡	USD		4,800,000		4,799,434
Dexia Credit Local SA, 0.000%, 5/29/24 #	EUR		1,200,000		1,236,362
Dexia Credit Local SA, 0.500%, 7/16/24	USD		5,500,000		5,274,397
Dexia Credit Local SA, 1.625%, 12/08/23	GBP		600,000		726,933
French Republic Government Bond OAT, 0.000%, 3/25/24 #	EUR		2,000,000		2,077,651
French Republic Government Bond OAT, 2.250%, 5/25/24	EUR		1,000,000		1,047,223
SFIL SA, 0.000%, 5/24/24 #	EUR		500,000		514,972
SNCF Reseau, 4.500%, 1/30/24	EUR		200,000		211,654
Soc Nationale SNCF SACA, 4.625%, 2/02/24	EUR		1,350,000		1,429,396
UNEDIC ASSEO, 2.375%, 5/25/24	EUR		1,100,000		1,150,546
					32,713,409
Germany — 6.0%
Erste Abwicklungsanstalt, 0.010%, 11/03/23	EUR		1,000,000		1,053,842
Erste Abwicklungsanstalt, 0.250%, 3/01/24	USD		9,000,000		8,802,146

The accompanying notes are an integral part of these portfolio of investments.

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
Germany (Continued)
Kreditanstalt fuer Wiederaufbau, 0.250%, 3/08/24	USD		4,733,000	$	4,627,416
Kreditanstalt fuer Wiederaufbau, 0.875%, 7/18/24	GBP		400,000		470,856
Kreditanstalt fuer Wiederaufbau, 1.250%, 12/29/23	GBP		1,733,000		2,093,257
Land Berlin, 0.010%, 11/21/23	EUR		82,000		86,261
Landeskreditbank Baden-Wuerttemberg Foerderbank, 0.375%, 12/09/24	GBP		2,408,000		2,765,182
Landeskreditbank Baden-Wuerttemberg Foerderbank, 1.375%, 12/15/23	GBP		1,100,000		1,331,063
Landeskreditbank Baden-Wuerttemberg Foerderbank, 2.000%, 7/23/24	USD		7,562,000		7,341,825
Landwirtschaftliche Rentenbank, 4.250%, 1/09/25	AUD		3,780,000		2,422,538
Landwirtschaftliche Rentenbank, 5.375%, 4/23/24	NZD		1,000,000		597,556
NRW Bank, 0.375%, 12/16/24	GBP		600,000		688,377
NRW Bank, 1.050%, 3/31/26	AUD		2,350,000		1,377,458
NRW Bank, 1.375%, 12/15/23	GBP		600,000		725,969
State of North Rhine-Westphalia Germany, 0.625%, 12/16/24 @	GBP		1,300,000		1,495,647
					35,879,393
Netherlands — 4.7%
BNG Bank NV, 0.250%, 6/07/24	EUR		1,900,000		1,960,861
BNG Bank NV, 2.000%, 4/12/24	GBP		2,565,000		3,070,485
BNG Bank NV, 3.250%, 7/15/25	AUD		1,400,000		879,000
Cooperatieve Rabobank UA, (3-mo. Swap + 0.880%), 5.022%, 5/22/26 ‡	AUD		700,000		451,066
Cooperatieve Rabobank UA, (SOFR + 0.700%), 6.006%, 7/18/25 ‡	USD		3,952,000		3,959,825
Enexis Holding NV, 1.500%, 10/20/23	EUR		455,000		480,446
Nederlandse Waterschapsbank NV, 2.000%, 12/16/24	GBP		1,950,000		2,279,533
Nederlandse Waterschapsbank NV, 1.125%, 3/15/24	USD		2,150,000		2,106,606
Nederlandse Waterschapsbank NV, 3.000%, 11/16/23	EUR		1,000,000		1,056,093
Netherlands Government Bond, 0.000%, 1/15/24 #	EUR		1,950,000		2,040,339
Netherlands Government Bond, 2.000%, 7/15/24	EUR		3,900,000		4,074,428
Shell International Finance BV, 0.750%, 5/12/24	EUR		4,900,000		5,078,842
Shell International Finance BV, 1.125%, 4/07/24	EUR		1,130,000		1,176,822
					28,614,346
New Zealand — 0.9%
New Zealand Government Bond, 0.500%, 5/15/24	NZD		2,800,000		1,625,113
New Zealand Local Government Funding Agency Bond, 2.250%, 4/15/24	NZD		6,800,000		3,997,179
					5,622,292

		FACE AMOUNT		VALUE†
Norway — 3.1%
DNB Bank ASA, 0.050%, 11/14/23	EUR		1,375,000	$	1,447,126
Kommunalbanken AS, 0.250%, 12/08/23	USD		5,100,000		5,051,938
Kommunalbanken AS, 1.000%, 12/12/24	GBP		750,000		867,085
Kommunalbanken AS, 0.600%, 6/01/26	AUD		1,500,000		865,600
Kommunalbanken AS, 1.500%, 12/15/23	GBP		400,000		484,147
Kommunalbanken AS, 2.000%, 6/19/24 @	USD		2,000,000		1,948,297
Kommunalbanken AS, 2.750%, 2/05/24	USD		600,000		594,250
Kommunalbanken AS, 4.250%, 7/16/25	AUD		1,490,000		951,031
Kommunalbanken AS, (SOFR + 1.000%), 6.344%, 6/17/26 ‡	USD		300,000		305,017
Norway Government Bond, 3.000%, 3/14/24	NOK		64,000,000		5,946,927
					18,461,418
Singapore — 0.1%
United Overseas Bank Ltd., (3-mo. Swap + 0.350%), 4.494%, 5/20/24 ‡	AUD		600,000		385,612
Supranational — 16.6%
African Development Bank, 0.250%, 1/24/24	EUR		800,000		836,340
Asian Development Bank, 1.375%, 12/15/23	GBP		6,990,000		8,459,136
Asian Development Bank, 1.625%, 3/15/24 @	USD		6,126,000		6,017,509
Asian Development Bank, (SOFR + 1.000%), 6.341%, 8/27/26 ‡	USD		342,000		347,857
Asian Infrastructure Investment Bank, (SOFR + 0.620%), 5.962%, 8/16/27 ‡	USD		5,000,000		5,018,788
Asian Infrastructure Investment Bank (The), 1.000%, 5/06/26	AUD		1,900,000		1,105,080
Eurofima Europaeische Gesellschaft fuer die Finanzierung von Eisenbahnmaterial, 0.250%, 2/09/24	EUR		191,000		199,346
Eurofima Europaeische Gesellschaft fuer die Finanzierung von Eisenbahnmaterial, 0.375%, 11/16/23	USD		1,000,000		993,753
European Financial Stability Facility, 0.000%, 4/19/24 #	EUR		9,990,000		10,351,503
European Financial Stability Facility, 0.125%, 10/17/23	EUR		756,000		798,256
European Financial Stability Facility, 1.750%, 6/27/24	EUR		598,000		623,205
European Financial Stability Facility, 2.125%, 2/19/24	EUR		6,550,000		6,882,282
European Investment Bank, 0.000%, 10/16/23 #	EUR		3,800,000		4,012,617
European Investment Bank, 0.050%, 12/15/23	EUR		500,000		524,931

The accompanying notes are an integral part of these portfolio of investments.

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
Supranational (Continued)
European Investment Bank, 0.500%, 11/15/23	EUR		210,000	$	221,246
European Investment Bank, 0.875%, 12/15/23	GBP		2,590,000		3,131,713
European Investment Bank, 1.250%, 5/12/25	SEK		1,800,000		157,610
European Investment Bank, 1.500%, 1/26/24	NOK		21,000,000		1,943,286
European Investment Bank, 2.625%, 3/15/24	USD		2,100,000		2,072,809
European Investment Bank, 3.250%, 1/29/24	USD		1,623,000		1,611,143
European Investment Bank, 4.750%, 8/07/24	AUD		700,000		451,199
European Stability Mechanism, 0.125%, 4/22/24	EUR		11,772,620		12,201,990
European Union, 1.875%, 4/04/24	EUR		500,000		523,679
European Union Bills, 0.000%, 10/06/23 @#	EUR		916,000		968,142
Inter-American Development Bank, 1.250%, 12/15/23	GBP		9,380,000		11,348,403
Inter-American Development Bank, 1.375%, 12/15/24	GBP		1,050,000		1,220,563
Inter-American Development Bank, 3.000%, 2/21/24	USD		963,000		953,494
Inter-American Development Bank, 4.750%, 8/27/24	AUD		5,500,000		3,545,218
Inter-American Development Bank, (SOFR + 0.350%), 5.608%, 10/04/27 ‡	USD		283,000		282,566
International Bank for Reconstruction & Development, 1.800%, 7/26/24	CAD		492,000		352,248
International Bank for Reconstruction & Development, 2.500%, 3/19/24	USD		11,000,000		10,842,275
International Bank for Reconstruction & Development, (SOFR + 0.370%), 5.648%, 1/12/27 ‡	USD		250,000		250,675
International Bank for Reconstruction & Development, (SOFR + 0.430%), 5.772%, 8/19/27 ‡	USD		650,000		652,156
International Development Association, 0.750%, 12/12/24	GBP		637,000		735,101
Nordic Investment Bank, 1.500%, 3/13/25	NOK		6,000,000		536,049
					100,172,168
Sweden — 7.3%
Kommuninvest I Sverige AB, 3.250%, 1/16/24	USD		3,343,000		3,320,103
Kommuninvest I Sverige AB, 0.375%, 2/16/24	USD		1,500,000		1,471,160
Kommuninvest I Sverige AB, 1.000%, 11/13/23	SEK		24,000,000		2,189,305

		FACE AMOUNT		VALUE†
Kommuninvest I Sverige AB, 1.000%, 10/02/24	SEK		40,670,000	$	3,608,128
Kommuninvest I Sverige AB, 1.000%, 5/12/25	SEK		19,000,000		1,656,795
Kommuninvest I Sverige AB, 1.375%, 5/08/24 ±	USD		750,000		730,809
Kommuninvest I Sverige AB, 1.375%, 5/08/24	USD		4,200,000		4,092,532
Kommuninvest I Sverige AB, 2.875%, 7/03/24 ±	USD		1,671,000		1,635,641
Svensk Exportkredit AB, 3.625%, 9/03/24	USD		2,875,000		2,821,545
Svensk Exportkredit AB, 0.375%, 3/11/24	USD		3,000,000		2,931,397
Svensk Exportkredit AB, 0.375%, 7/30/24	USD		6,363,000		6,096,449
Svensk Exportkredit AB, 0.500%, 11/10/23	USD		2,000,000		1,989,808
Svensk Exportkredit AB, 1.375%, 12/15/23	GBP		1,900,000		2,299,060
Svensk Exportkredit AB, (SOFR + 1.000%), 6.341%, 8/03/26 ‡	USD		1,835,000		1,866,457
Svenska Handelsbanken AB, 0.125%, 6/18/24	EUR		1,700,000		1,748,154
Svenska Handelsbanken AB, 0.550%, 6/11/24 ±	USD		250,000		241,122
Svenska Handelsbanken AB, 1.000%, 4/15/25	EUR		300,000		302,973
Sweden Government Bond, 1.500%, 11/13/23	SEK		57,500,000		5,249,323
					44,250,761
United Kingdom — 1.7%
Network Rail Infrastructure Finance PLC, 4.750%, 1/22/24	GBP		1,955,000		2,378,705
U.K. Treasury Bill, 0.000%, 12/04/23 #	GBP		4,800,000		5,803,490
U.K. Treasury Bills, 0.000%, 1/08/24 #	GBP		839,000		1,009,221
U.K. Treasury Bills, 0.000%, 1/15/24 #	GBP		1,000,000		1,201,675
					10,393,091
United States — 15.8%
Abbott Ireland Financing DAC, 0.100%, 11/19/24	EUR		250,000		253,051
Amazon.com, Inc., 1.000%, 5/12/26	USD		973,000		875,262
Amazon.com, Inc., 2.730%, 4/13/24	USD		7,000,000		6,898,195
Apple, Inc., 2.513%, 8/19/24	CAD		5,000,000		3,591,143
Exxon Mobil Corp., 0.142%, 6/26/24	EUR		4,614,000		4,742,344
Federal Home Loan Bank Discount Notes, 0.000%, 2/26/24 #	USD		2,000,000		1,958,532
Procter & Gamble Co. (The), 0.625%, 10/30/24	EUR		1,000,000		1,021,462
Procter & Gamble Co. (The), 1.125%, 11/02/23	EUR		100,000		105,484

The accompanying notes are an integral part of these portfolio of investments.

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
United States (Continued)
Roche Holdings, Inc., 3.350%, 9/30/24 ±	USD		5,000,000	$	4,892,246
Sanofi, 0.625%, 4/05/24	EUR		2,900,000		3,016,714
U.S. Treasury Floating Rate Note, (3 mo. Treasury Money Market Yield + 0.140%), 5.543%, 10/31/24 ‡	USD		10,000,000		10,011,826
U.S. Treasury Floating Rate Note, (3 mo. Treasury Money Market Yield + 0.169%), 5.572%, 4/30/25 ‡	USD		38,000,000		38,019,174
U.S. Treasury Floating Rate Note, (3 mo. Treasury Money Market Yield + 0.200%), 5.603%, 1/31/25 ‡	USD		12,000,000		12,018,389
U.S. Treasury Note, 0.125%, 10/15/23	USD		8,000,000		7,985,033
					95,388,855
TOTAL BONDS AND NOTES(Identified Cost $529,060,225)					524,239,328
SHORT-TERM INVESTMENTS — 23.7%
Commercial Paper — 21.0%
Australia & New Zealand Banking Group Ltd., 0.010%, 2/20/24			5,000,000		4,890,400
Australia & New Zealand Banking Group Ltd., 0.010%, 2/22/24			4,000,000		3,911,005
Australia & New Zealand Banking Group Ltd., 5.550%, 3/25/24			2,500,000		2,431,149
Australia & New Zealand Banking Group Ltd., 5.460%, 11/30/23			4,000,000		3,963,172
Bank of Montreal, 5.540%, 1/18/24			5,000,000		4,914,885
Caisse des Depots et Consignations, 0.010%, 3/01/24			3,000,000		2,929,083
Caisse des Depots et Consignations, 0.010%, 3/26/24			2,000,000		1,945,246
Canadian Imperial Bank of Commerce, 5.540%, 12/01/23			3,500,000		3,467,519
Canadian Imperial Bank of Commerce, 0.010%, 12/05/23			3,500,000		3,465,398
Canadian Imperial Bank of Commerce, 5.480%, 1/09/24			8,000,000		7,878,257
Cdp Financial, Inc., 5.550%, 3/11/24			3,000,000		2,924,150
Cdp Financial, Inc., 0.000%, 3/27/24			6,000,000		5,832,750
Cooperatieve Rabobank UA, 0.010%, 12/01/23			2,000,000		1,981,485
Cooperatieve Rabobank UA, 5.550%, 2/12/24			5,000,000		4,896,546
Cooperatieve Rabobank UA, 5.580%, 4/11/24			2,750,000		2,666,851
Corpoerative Centrale, 5.570%, 2/12/24			5,000,000		4,896,546
DNB Bank ASA, 5.520%, 1/03/24			7,000,000		6,899,797
DNB Bank ASA, 5.540%, 1/19/24			7,000,000		6,882,160
Export Development Canada, 0.010%, 1/17/24			10,000,000		9,835,061
LVMH Moet Hennessy Louis Vuitton SE, 5.460%, 2/06/24			1,750,000		1,715,824
National Securities Clearing Corp., 5.460%, 2/02/24			3,000,000		2,942,344

	FACE AMOUNT		VALUE†
National Securities Clearing Corp., 5.470%, 3/12/24		2,500,000	$	2,436,383
NRW Bank, 0.010%, 2/09/24		1,300,000		1,273,710
NRW Bank, 0.010%, 2/12/24		1,500,000		1,468,930
NRW Bank, 0.010%, 3/04/24		3,200,000		3,122,868
NRW Bank, 5.550%, 3/07/24		7,000,000		6,828,018
PSP Capital, Inc., 5.450%, 2/02/24		3,500,000		3,433,225
Toronto Dominion Bank (The), 5.460%, 1/12/24		7,000,000		6,887,933
United Overseas Bank Ltd., 5.600%, 2/27/24		10,000,000		9,766,747
				126,487,442

	SHARES
Investment Company — 1.5%
State Street Institutional U.S. Government Money Market Fund 5.040%		9,181,225		9,181,225
Collateral For Securities On Loan — 1.2%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		7,044,256		7,044,256
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $142,733,177)				142,712,923
Total Investments — 110.6% (Identified Cost $671,793,402)				666,952,251
Liabilities, Less Cash and Other Assets — (10.6%)				(63,994,112	)
Net Assets — 100.0%			$	602,958,139

†	See Note 1
‡	Floating rate or variable rate note. Rate shown is as of September 30, 2023.
±	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, 2023 amounted to $20,040,705 or 3.32% of the net assets of the Fund.
#	Zero coupon bond
@	A portion or all of the security were held on loan. As of September 30, 2023, the market value of the securities on loan was $6,865,725.

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, 2023 (Unaudited) (Continued)

Forward Foreign Currency Exchange Contracts sold outstanding as of September 30, 2023
Settlement Date	Currency Purchased		Currency Sold		Counterparty	Total Value		Unrealized Appreciation		Unrealized Depreciation
10/02/23	USD	20,636,686	EUR	18,850,787	State Street Bank and Trust Co.	$	19,929,996	$	706,690		—
10/03/23	USD	10,937,230	AUD	17,026,474	State Street Bank and Trust Co.		10,947,171		—		(9,941	)
10/10/23	USD	74,274,445	GBP	59,612,854	State Street Bank and Trust Co.		72,736,560		1,537,885		—
10/11/23	USD	6,797,514	DKK	45,697,172	State Street Bank and Trust Co.		6,480,406		317,108		—
10/11/23	USD	49,586,664	EUR	44,763,686	State Street Bank and Trust Co.		47,341,750		2,244,914		—
10/13/23	USD	27,372,091	AUD	42,402,147	State Street Bank and Trust Co.		27,270,967		101,124		—
10/13/23	USD	8,531,358	NOK	91,469,971	State Street Bank and Trust Co.		8,553,669		—		(22,311	)
10/19/23	USD	6,137,124	NZD	10,370,853	State Street Bank and Trust Co.		6,215,780		—		(78,656	)
10/19/23	USD	4,935,404	SEK	55,405,539	State Street Bank and Trust Co.		5,074,411		—		(139,007	)
10/23/23	USD	5,768,438	SEK	64,518,295	State Street Bank and Trust Co.		5,909,982		—		(141,544	)
10/26/23	USD	21,013,457	CAD	28,489,928	State Street Bank and Trust Co.		20,982,172		31,285		—
10/26/23	USD	35,297,155	EUR	32,572,847	State Street Bank and Trust Co.		34,470,157		826,999		—
10/26/23	USD	2,247,664	SEK	24,754,147	State Street Bank and Trust Co.		2,267,798		—		(20,135	)
10/30/23	USD	12,547,880	AUD	19,521,905	HSBC Bank USA		12,562,774		—		(14,894	)
11/22/23	USD	6,101,274	DKK	41,741,081	Morgan Stanley & Co., Inc.		5,932,604		168,671		—
12/04/23	USD	5,867,587	DKK	40,516,698	Morgan Stanley & Co., Inc.		5,762,342		105,245		—
12/14/23	USD	34,061,442	EUR	31,853,703	State Street Bank and Trust Co.		33,787,590		273,852		—
12/27/23	USD	10,946,214	AUD	17,072,569	Bank of New York Mellon		11,009,327		—		(63,112	)
12/27/23	USD	19,981,639	EUR	18,896,189	State Street Bank and Trust Co.		20,060,391		—		(78,752	)
								$	6,313,773	$	(568,352	)

Forward Foreign Currency Exchange Contracts purchased outstanding as of September 30, 2023
Settlement Date	Currency Purchased		Currency Sold		Counterparty	Total Value		Unrealized Appreciation		Unrealized Depreciation
10/02/23	EUR	18,850,787	USD	19,860,058	State Street Bank and Trust Co.	$	19,929,996	$	69,938	$	—
10/03/23	AUD	17,026,474	USD	10,885,536	Bank of New York Mellon		10,947,171		61,635		—
10/10/23	GBP	5,256,195	USD	6,546,623	State Street Bank and Trust Co.		6,413,341		—		(133,283	)
10/11/23	DKK	6,796,353	USD	956,821	State Street Bank and Trust Co.		963,804		6,983		—
10/11/23	DKK	13,415,458	USD	1,961,151	State Street Bank and Trust Co.		1,902,473		—		(58,678	)
10/11/23	EUR	15,959,793	USD	17,302,896	State Street Bank and Trust Co.		16,878,962		—		(423,935	)
10/23/23	SEK	3,029,566	USD	277,490	State Street Bank and Trust Co.		277,513		24		—
10/26/23	EUR	2,055,077	USD	2,159,516	State Street Bank and Trust Co.		2,174,782		15,265		—
10/26/23	EUR	2,055,315	USD	2,204,337	State Street Bank and Trust Co.		2,175,033		—		(29,304	)
11/22/23	DKK	17,332,098	USD	2,515,752	State Street Bank and Trust Co.		2,463,387		—		(52,364	)
12/04/23	DKK	14,439,846	USD	2,088,041	State Street Bank and Trust Co.		2,053,655		—		(34,385	)
12/14/23	EUR	1,812,558	USD	1,939,781	State Street Bank and Trust Co.		1,922,601		—		(17,180	)
								$	153,845	$	(749,129	)
Total								$	6,467,618	$	(1,317,481	)

The accompanying notes are an integral part of these portfolio of investments.

Country weightings as of September 30, 2023
(As a percentage of total investment excluding short-term money market investment) (Unaudited)

Country	Percentage
Commercial Paper		19.3	%
Supranational		15.4	%
United States		14.7	%
Canada		10.8	%
Australia		7.8	%
Sweden		6.8	%
Germany		5.5	%
France		5.0	%
Netherlands		4.4	%
Other		10.3	%
		100.0	%

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 95.9%
Aerospace & Defense — 1.5%
Axon Enterprise, Inc. *		500	$	99,495
Boeing Co. (The) *		8,201		1,571,968
BWX Technologies, Inc.		2,913		218,417
Curtiss-Wright Corp.		801		156,700
General Dynamics Corp.		3,788		837,034
HEICO Corp.		574		92,948
HEICO Corp., Class A		625		80,763
Hexcel Corp.		778		50,679
Howmet Aerospace, Inc.		1,946		90,002
Huntington Ingalls Industries, Inc.		827		169,188
L3Harris Technologies, Inc.		2,257		392,989
Lockheed Martin Corp.		5,830		2,384,237
Northrop Grumman Corp.		1,704		750,084
Parsons Corp. *		540		29,349
RTX Corp.		14,657		1,054,864
Textron, Inc.		2,582		201,757
TransDigm Group, Inc. *		871		734,366
Woodward, Inc.		1,021		126,869
				9,041,709
Air Freight & Logistics — 0.7%
CH Robinson Worldwide, Inc.		2,800		241,164
Expeditors International of Washington, Inc.		3,525		404,071
FedEx Corp.		4,796		1,270,556
GXO Logistics, Inc. *		1,934		113,429
United Parcel Service, Inc., Class B		14,911		2,324,178
				4,353,398
Automobile Components — 0.2%
Adient PLC *		1,020		37,434
Aptiv PLC *		2,924		288,277
Autoliv, Inc.		1,465		141,343
BorgWarner, Inc.		3,685		148,763
Fox Factory Holding Corp. *		500		49,540
Gentex Corp.		4,249		138,263
Goodyear Tire & Rubber Co. (The) *		3,778		46,961
Lear Corp.		957		128,429
Phinia, Inc.		737		19,744
Visteon Corp. *		294		40,593
				1,039,347
Automobiles — 1.6%
Ford Motor Co.		38,192		474,345
General Motors Co.		9,249		304,940
Harley-Davidson, Inc.		974		32,200
Tesla, Inc. *		33,780		8,452,432
Thor Industries, Inc.		1,179		112,158
				9,376,075
Beverages — 1.9%
Boston Beer Co., Inc. (The), Class A *		197		76,737
Brown-Forman Corp., Class A		1,202		69,836
Brown-Forman Corp., Class B		5,458		314,872
Celsius Holdings, Inc. *		396		67,954
Coca-Cola Co. (The)		73,733		4,127,573
Coca-Cola Consolidated, Inc.		132		83,994
Constellation Brands, Inc., Class A		1,757		441,587
Keurig Dr Pepper, Inc.		3,375		106,549
Molson Coors Beverage Co., Class B		1,400		89,026
Monster Beverage Corp. *		9,313		493,123
National Beverage Corp. *		881		41,425
PepsiCo, Inc.		32,018		5,425,130
				11,337,806
Biotechnology — 2.5%
AbbVie, Inc.		37,978		5,661,001

	SHARES		VALUE†
Alkermes PLC *		1,447	$	40,531
Alnylam Pharmaceuticals, Inc. *		1,198		212,166
Amgen, Inc.		12,097		3,251,190
Biogen, Inc. *		2,404		617,852
BioMarin Pharmaceutical, Inc. *		1,169		103,433
CRISPR Therapeutics AG *@		655		29,730
Exact Sciences Corp. *		1,421		96,941
Exelixis, Inc. *		3,578		78,179
Gilead Sciences, Inc.		23,535		1,763,713
Halozyme Therapeutics, Inc. *		3,014		115,135
Horizon Therapeutics PLC *		457		52,870
Incyte Corp. *		894		51,646
Moderna, Inc. *		2,414		249,342
Neurocrine Biosciences, Inc. *		608		68,400
Regeneron Pharmaceuticals, Inc. *		1,263		1,039,399
Sarepta Therapeutics, Inc. *		702		85,096
Seagen, Inc. *		1,042		221,060
United Therapeutics Corp. *		835		188,601
Vertex Pharmaceuticals, Inc. *		2,966		1,031,397
				14,957,682
Broadline Retail — 3.2%
Amazon.com, Inc. *		148,365		18,860,159
Dillard’s, Inc., Class A @		100		33,081
eBay, Inc.		9,533		420,310
Etsy, Inc. *		2,334		150,730
Ollie’s Bargain Outlet Holdings, Inc. *		691		53,331
				19,517,611
Building Products — 0.7%
A.O. Smith Corp.		2,378		157,257
Advanced Drainage Systems, Inc.		200		22,766
Allegion PLC		2,744		285,925
Builders FirstSource, Inc. *		2,521		313,839
Carlisle Cos., Inc.		1,113		288,556
Carrier Global Corp.		15,513		856,318
Fortune Brands Innovations, Inc.		2,330		144,833
Johnson Controls International PLC		580		30,862
Lennox International, Inc.		763		285,698
Masco Corp.		4,275		228,499
Owens Corning		2,690		366,943
Trane Technologies PLC		3,350		679,748
Trex Co., Inc. *		2,724		167,880
UFP Industries, Inc.		812		83,149
				3,912,273
Capital Markets — 2.2%
Affiliated Managers Group, Inc.		600		78,204
Ameriprise Financial, Inc.		2,269		748,044
Ares Management Corp., Class A		1,606		165,209
Bank of New York Mellon Corp. (The)		4,707		200,753
BlackRock, Inc.		1,265		817,810
Blackstone, Inc.		6,683		716,017
Carlyle Group, Inc. (The)		1,219		36,765
Cboe Global Markets, Inc.		1,317		205,728
Charles Schwab Corp. (The)		14,444		792,975
CME Group, Inc.		2,477		495,945
Coinbase Global, Inc., Class A *		739		55,484
Evercore, Inc., Class A		400		55,152
FactSet Research Systems, Inc.		757		331,006
Franklin Resources, Inc.		2,732		67,152
Goldman Sachs Group, Inc. (The)		2,405		778,186
Hamilton Lane, Inc., Class A		723		65,388
Houlihan Lokey, Inc.		916		98,122
Interactive Brokers Group, Inc., Class A		962		83,271
Intercontinental Exchange, Inc.		5,224		574,744
Invesco Ltd.		2,611		37,912

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Capital Markets (Continued)
Janus Henderson Group PLC		1,850	$	47,767
Jefferies Financial Group, Inc.		1,620		59,341
KKR & Co., Inc.		5,286		325,618
LPL Financial Holdings, Inc.		2,186		519,503
MarketAxess Holdings, Inc.		800		170,912
Moody’s Corp.		3,822		1,208,402
Morgan Stanley		15,036		1,227,990
Morningstar, Inc. @		304		71,209
MSCI, Inc.		1,249		640,837
Nasdaq, Inc.		4,902		238,188
Northern Trust Corp.		2,231		155,010
Raymond James Financial, Inc.		2,352		236,211
Robinhood Markets, Inc., Class A *		1,886		18,502
S&P Global, Inc.		3,317		1,212,065
SEI Investments Co.		2,631		158,465
State Street Corp.		1,628		109,011
Stifel Financial Corp.		2,529		155,382
T. Rowe Price Group, Inc.		3,972		416,544
Tradeweb Markets, Inc., Class A		683		54,777
				13,429,601
Chemicals — 1.5%
Air Products & Chemicals, Inc.		3,414		967,528
Albemarle Corp.		956		162,558
Ashland, Inc.		970		79,230
Axalta Coating Systems Ltd. *		1,604		43,148
Balchem Corp.		630		78,145
Cabot Corp.		991		68,647
Celanese Corp.		1,241		155,770
CF Industries Holdings, Inc.		2,192		187,942
Chemours Co. (The)		2,570		72,088
Corteva, Inc.		5,428		277,696
Dow, Inc.		6,683		344,575
DuPont de Nemours, Inc.		2,632		196,321
Eastman Chemical Co.		1,476		113,239
Ecolab, Inc.		3,437		582,228
Element Solutions, Inc.		4,600		90,206
FMC Corp.		1,937		129,721
H.B. Fuller Co.		339		23,259
Huntsman Corp.		4,223		103,041
International Flavors & Fragrances, Inc.		2,270		154,746
Linde PLC		4,857		1,808,504
LyondellBasell Industries NV, Class A		6,211		588,182
Mosaic Co. (The)		5,609		199,680
NewMarket Corp.		82		37,313
Olin Corp.		1,800		89,964
PPG Industries, Inc.		3,241		420,682
RPM International, Inc.		2,334		221,286
Sherwin Williams Co. (The)		5,792		1,477,250
Westlake Corp.		439		54,730
				8,727,679
Commercial Banks — 2.0%
Bank of America Corp.		66,036		1,808,066
Bank OZK		1,661		61,573
BOK Financial Corp.		300		23,994
Cadence Bank		3,669		77,856
Citigroup, Inc.		6,473		266,234
Citizens Financial Group, Inc.		454		12,167
Columbia Banking System, Inc.		1,668		33,860

	SHARES		VALUE†
Comerica, Inc.		1,832	$	76,120
Commerce Bancshares, Inc.		2,384		114,384
Cullen/Frost Bankers, Inc.		956		87,197
East West Bancorp, Inc.		2,039		107,476
Fifth Third Bancorp		7,840		198,587
First Citizens Bancshares, Inc., Class A		112		154,571
First Financial Bankshares, Inc.		3,094		77,721
First Horizon Corp.		7,194		79,278
FNB Corp.		5,930		63,985
Home Bancshares, Inc.		1,840		38,530
Huntington Bancshares, Inc.		7,352		76,461
JPMorgan Chase & Co.		37,681		5,464,499
KeyCorp		7,104		76,439
M&T Bank Corp.		522		66,007
New York Community Bancorp, Inc.		6,032		68,403
Pinnacle Financial Partners, Inc.		1,009		67,643
PNC Financial Services Group, Inc. (The)		3,193		392,005
Popular, Inc.		1,880		118,459
Prosperity Bancshares, Inc.		1,026		55,999
Regions Financial Corp.		9,428		162,162
South State Corp.		400		26,944
Synovus Financial Corp.		1,811		50,346
Truist Financial Corp.		7,663		219,238
U.S. Bancorp		17,758		587,079
United Bankshares, Inc.		778		21,465
Valley National Bancorp		5,897		50,478
Wells Fargo & Co.		31,501		1,287,131
Western Alliance Bancorp		2,242		103,065
Wintrust Financial Corp.		600		45,300
Zions Bancorp NA		2,092		72,990
				12,293,712
Commercial Services & Supplies — 0.7%
Casella Waste Systems, Inc., Class A *		549		41,889
Cintas Corp.		1,987		955,767
Clean Harbors, Inc. *		770		128,867
Copart, Inc. *		10,187		438,958
MSA Safety, Inc.		600		94,590
Republic Services, Inc.		4,657		663,669
Rollins, Inc.		4,629		172,801
Stericycle, Inc. *		1,544		69,032
Tetra Tech, Inc.		640		97,299
Waste Management, Inc.		9,583		1,460,832
				4,123,704
Communications Equipment — 0.8%
Arista Networks, Inc. *		2,688		494,404
Ciena Corp. *		2,569		121,411
Cisco Systems, Inc.		63,490		3,413,222
F5, Inc. *		769		123,917
Juniper Networks, Inc.		4,954		137,672
Motorola Solutions, Inc.		2,888		786,229
				5,076,855
Computers & Peripherals — 7.3%
Apple, Inc.		247,070		42,300,855
Dell Technologies, Inc., Class C		3,734		257,272
Hewlett Packard Enterprise Co.		9,599		166,735
HP, Inc.		17,328		445,329
NetApp, Inc.		4,285		325,146
Pure Storage, Inc., Class A *		2,027		72,202
Seagate Technology Holdings PLC		4,475		295,126

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Computers & Peripherals (Continued)
Super Micro Computer, Inc. *		218	$	59,780
Western Digital Corp. *		3,176		144,921
				44,067,366
Construction & Engineering — 0.2%
AECOM		1,355		112,519
API Group Corp. *		1,855		48,100
Comfort Systems USA, Inc.		533		90,828
EMCOR Group, Inc.		745		156,741
Fluor Corp. *		831		30,498
MasTec, Inc. *		1,136		81,758
MDU Resources Group, Inc.		3,960		77,537
Quanta Services, Inc.		1,718		321,386
Valmont Industries, Inc.		200		48,042
WillScot Mobile Mini Holdings Corp. *		1,927		80,144
				1,047,553
Construction Materials — 0.1%
Eagle Materials, Inc.		626		104,241
Knife River Corp. *		990		48,342
Martin Marietta Materials, Inc.		664		272,559
Summit Materials, Inc., Class A *		1,335		41,572
Vulcan Materials Co.		1,521		307,272
				773,986
Consumer Finance — 0.5%
Ally Financial, Inc.		3,311		88,337
American Express Co.		12,072		1,801,022
Capital One Financial Corp.		4,875		473,119
Credit Acceptance Corp. *		133		61,196
Discover Financial Services		6,077		526,451
FirstCash Holdings, Inc.		1,032		103,592
OneMain Holdings, Inc.		677		27,141
Synchrony Financial		2,776		84,862
				3,165,720
Consumer Staples Distribution & Retail — 2.1%
Albertsons Cos., Inc., Class A		714		16,244
BJ’s Wholesale Club Holdings, Inc. *		2,341		167,077
Casey’s General Stores, Inc.		774		210,156
Costco Wholesale Corp.		7,611		4,299,911
Dollar General Corp.		5,246		555,027
Dollar Tree, Inc. *		2,846		302,957
Kroger Co. (The)		17,571		786,302
Performance Food Group Co. *		1,336		78,637
Sprouts Farmers Market, Inc. *		1,478		63,258
Sysco Corp.		9,579		632,693
Target Corp.		11,134		1,231,086
U.S. Foods Holding Corp. *		1,600		63,520
Walgreens Boots Alliance, Inc.		6,082		135,264
Walmart, Inc.		25,166		4,024,798
				12,566,930
Containers & Packaging — 0.4%
Amcor PLC		13,861		126,967
AptarGroup, Inc.		1,483		185,434
Avery Dennison Corp.		2,232		407,719
Ball Corp.		5,664		281,954
Berry Global Group, Inc.		3,599		222,814
Crown Holdings, Inc.		3,205		283,578
Graphic Packaging Holding Co.		6,877		153,220
Greif, Inc., Class B		21		1,398
International Paper Co.		4,336		153,798
Packaging Corp. of America		1,552		238,310
Sealed Air Corp.		3,059		100,519
Silgan Holdings, Inc.		2,057		88,677

	SHARES		VALUE†
Sonoco Products Co.		1,933	$	105,058
WestRock Co.		2,401		85,956
				2,435,402
Distributors — 0.1%
Genuine Parts Co.		2,179		314,604
LKQ Corp.		4,303		213,042
Pool Corp.		924		329,036
				856,682
Diversified Consumer Services — 0.1%
ADT, Inc.		3,988		23,928
Bright Horizons Family Solutions, Inc. *		639		52,053
H&R Block, Inc.		2,885		124,228
Service Corp. International		2,981		170,334
				370,543
Diversified Telecommunication Services — 0.6%
AT&T, Inc.		65,472		983,390
Iridium Communications, Inc.		2,721		123,778
Verizon Communications, Inc.		84,014		2,722,894
				3,830,062
Electric Utilities — 1.6%
Alliant Energy Corp.		4,621		223,887
American Electric Power Co., Inc.		8,417		633,127
Avangrid, Inc.		1,433		43,234
Constellation Energy Corp.		5,321		580,415
Duke Energy Corp.		13,107		1,156,824
Edison International		6,635		419,929
Entergy Corp.		2,869		265,382
Evergy, Inc.		3,652		185,156
Eversource Energy		5,876		341,689
Exelon Corp.		15,965		603,317
FirstEnergy Corp.		8,176		279,456
IDACORP, Inc.		647		60,592
NextEra Energy, Inc.		36,253		2,076,934
NRG Energy, Inc.		5,256		202,461
OGE Energy Corp.		3,314		110,456
PG&E Corp. *		2,100		33,873
Pinnacle West Capital Corp.		1,978		145,739
PNM Resources, Inc.		2,100		93,681
Portland General Electric Co.		1,411		57,117
PPL Corp.		9,200		216,752
Southern Co. (The)		17,830		1,153,958
Xcel Energy, Inc.		9,222		527,683
				9,411,662
Electrical Equipment — 0.7%
Acuity Brands, Inc.		739		125,859
AMETEK, Inc.		2,732		403,680
Atkore, Inc. *		943		140,686
Eaton Corp. PLC		5,446		1,161,523
Emerson Electric Co.		6,519		629,540
EnerSys		564		53,394
Generac Holdings, Inc. *		967		105,364
Hubbell, Inc.		1,043		326,887
nVent Electric PLC		2,290		121,347
Plug Power, Inc. *@		670		5,092
Regal Rexnord Corp.		1,234		176,314
Rockwell Automation, Inc.		2,270		648,925
Sensata Technologies Holding PLC		2,621		99,126
				3,997,737
Electronic Equipment, Instruments & Components — 0.8%
Advanced Energy Industries, Inc.		112		11,549
Amphenol Corp., Class A		9,414		790,682
Arrow Electronics, Inc. *		830		103,949

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Electronic Equipment, Instruments & Components (Continued)
Avnet, Inc.		944	$	45,491
Badger Meter, Inc.		331		47,621
CDW Corp.		2,939		592,973
Cognex Corp.		1,711		72,615
Corning, Inc.		8,949		272,676
Crane NXT Co.		1,115		61,961
Fabrinet *		506		84,310
Flex Ltd. *		7,316		197,386
Insight Enterprises, Inc. *		300		43,650
IPG Photonics Corp. *		471		47,825
Jabil, Inc.		3,689		468,097
Keysight Technologies, Inc. *		3,226		426,832
Littelfuse, Inc.		380		93,982
National Instruments Corp.		1,428		85,137
Novanta, Inc. *		661		94,814
TD SYNNEX Corp.		836		83,483
TE Connectivity Ltd.		3,575		441,620
Teledyne Technologies, Inc. *		373		152,400
Trimble, Inc. *		2,830		152,424
Vontier Corp.		3,024		93,502
Zebra Technologies Corp., Class A *		767		181,418
				4,646,397
Energy Equipment & Services — 0.3%
Baker Hughes Co.		3,464		122,348
ChampionX Corp.		3,461		123,281
Halliburton Co.		12,219		494,870
Helmerich & Payne, Inc.		805		33,939
NOV, Inc.		4,002		83,642
Schlumberger NV		12,666		738,428
TechnipFMC PLC		4,963		100,947
Transocean Ltd. *		6,590		54,104
Weatherford International PLC *		977		88,252
				1,839,811
Entertainment — 0.9%
Activision Blizzard, Inc.		9,560		895,103
Atlanta Braves Holdings, Inc., Class C *		58		2,072
Electronic Arts, Inc.		2,838		341,695
Endeavor Group Holdings, Inc., Class A		1,972		39,243
Liberty Media Corp.-Liberty Formula One, Class A *		315		17,810
Liberty Media Corp.-Liberty Formula One, Class C *		1,723		107,343
Liberty Media Corp.-Liberty Live, Class A *		328		10,470
Liberty Media Corp.-Liberty Live, Class C *		367		11,781
Live Nation Entertainment, Inc. *		2,466		204,777
Madison Square Garden Sports Corp.		279		49,188
Netflix, Inc. *		4,747		1,792,467
ROBLOX Corp., Class A *@		2,017		58,412
Spotify Technology SA *		572		88,454
Take-Two Interactive Software, Inc. *		2,052		288,080
TKO Group Holdings, Inc.		628		52,790
Walt Disney Co. (The) *		17,551		1,422,508
Warner Bros Discovery, Inc. *		12,527		136,043
Warner Music Group Corp., Class A		1,467		46,064
				5,564,300
Financial Services — 4.1%
Apollo Global Management, Inc.		5,734		514,684

	SHARES		VALUE†
Berkshire Hathaway, Inc., Class B *		15,784	$	5,529,135
Block, Inc. *		2,826		125,079
Equitable Holdings, Inc.		7,584		215,310
Essent Group Ltd.		700		33,103
Euronet Worldwide, Inc. *		911		72,315
Fidelity National Information Services, Inc.		5,983		330,680
Fiserv, Inc. *		5,324		601,399
FleetCor Technologies, Inc. *		1,396		356,455
Global Payments, Inc.		3,102		357,940
Jack Henry & Associates, Inc.		1,300		196,482
MasterCard, Inc., Class A		19,899		7,878,213
MGIC Investment Corp.		4,400		73,436
PayPal Holdings, Inc. *		12,255		716,427
Rocket Cos, Inc., Class A *		3,544		28,990
Shift4 Payments, Inc., Class A *		780		43,189
TFS Financial Corp.		134		1,584
Toast, Inc., Class A *@		2,632		49,297
Visa, Inc., Class A		32,889		7,564,799
Voya Financial, Inc.		1,519		100,937
Western Union Co. (The)		6,874		90,599
WEX, Inc. *		663		124,704
				25,004,757
Food Products — 0.8%
Archer-Daniels-Midland Co.		4,142		312,390
Bunge Ltd.		1,401		151,658
Campbell Soup Co.		4,243		174,302
Conagra Brands, Inc.		3,575		98,027
Darling Ingredients, Inc. *		3,101		161,872
Flowers Foods, Inc.		3,652		81,001
General Mills, Inc.		8,511		544,619
Hershey Co. (The)		2,946		589,436
Hormel Foods Corp.		4,014		152,652
Ingredion, Inc.		1,387		136,481
J.M. Smucker Co. (The)		1,268		155,850
Kellogg Co.		5,208		309,928
Kraft Heinz Co. (The)		5,057		170,117
Lamb Weston Holdings, Inc.		4,300		397,578
Lancaster Colony Corp.		261		43,073
McCormick & Co., Inc.		3,138		237,358
Mondelez International, Inc., Class A		11,759		816,075
Pilgrim’s Pride Corp. *		1,700		38,811
Post Holdings, Inc. *		1,501		128,696
Seaboard Corp.		11		41,283
Tyson Foods, Inc., Class A		3,429		173,130
				4,914,337
Gas Utilities — 0.1%
Atmos Energy Corp.		2,360		249,995
National Fuel Gas Co.		1,600		83,056
New Jersey Resources Corp.		954		38,761
ONE Gas, Inc.		249		17,002
Southwest Gas Holdings, Inc.		1,343		81,130
UGI Corp.		2,799		64,377
				534,321
Ground Transportation — 1.3%
Avis Budget Group, Inc. *		526		94,517
CSX Corp.		39,543		1,215,947
Hertz Global Holdings, Inc. *		1,191		14,590
JB Hunt Transport Services, Inc.		1,632		307,665
Knight-Swift Transportation Holdings, Inc.		2,249		112,787

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Ground Transportation (Continued)
Landstar System, Inc.		710	$	125,627
Norfolk Southern Corp.		4,620		909,817
Old Dominion Freight Line, Inc.		1,937		792,504
Saia, Inc. *		200		79,730
Schneider National, Inc., Class B		1,939		53,691
U-Haul Holding Co.		1,368		71,669
U-Haul Holding Co. *@		152		8,295
Uber Technologies, Inc. *		9,836		452,358
Union Pacific Corp.		15,597		3,176,017
XPO, Inc. *		1,934		144,392
				7,559,606
Health Care Equipment & Supplies — 1.6%
Abbott Laboratories		19,151		1,854,774
Align Technology, Inc. *		833		254,332
Baxter International, Inc.		6,069		229,044
Becton Dickinson & Co.		2,001		517,319
Boston Scientific Corp. *		10,979		579,691
Cooper Cos., Inc. (The)		392		124,660
Dentsply Sirona, Inc.		1,213		41,436
DexCom, Inc. *		3,789		353,514
Edwards Lifesciences Corp. *		7,207		499,301
Envista Holdings Corp. *		2,222		61,949
GE HealthCare Technologies, Inc.		909		61,848
Globus Medical, Inc., Class A *		1,500		74,475
Haemonetics Corp. *		657		58,854
Hologic, Inc. *		3,073		213,266
Idexx Laboratories, Inc. *		1,966		859,673
Insulet Corp. *		740		118,023
Intuitive Surgical, Inc. *		1,973		576,688
Masimo Corp. *		608		53,310
Medtronic PLC		9,595		751,864
Merit Medical Systems, Inc. *		769		53,076
Penumbra, Inc. *		389		94,103
ResMed, Inc.		1,763		260,695
Shockwave Medical, Inc. *		212		42,209
STERIS plc		889		195,065
Stryker Corp.		4,501		1,229,988
Teleflex, Inc.		364		71,493
Zimmer Biomet Holdings, Inc.		1,186		133,093
				9,363,743
Health Care Providers & Services — 2.8%
Acadia Healthcare Co., Inc. *		1,169		82,192
agilon health, Inc. *@		1,131		20,087
Cardinal Health, Inc.		3,943		342,331
Cencora, Inc.		2,652		477,280
Centene Corp. *		4,920		338,890
Chemed Corp.		339		176,178
Cigna Group (The)		4,565		1,305,909
Contra Abiomed, Inc. CVR *§		350		4,098
CVS Health Corp.		13,711		957,302
DaVita, Inc. *		1,735		164,009
Elevance Health, Inc.		3,054		1,329,773
Encompass Health Corp.		2,141		143,790
Ensign Group, Inc. (The)		687		63,843
HCA Healthcare, Inc.		3,366		827,969
HealthEquity, Inc. *		331		24,180
Henry Schein, Inc. *		2,345		174,116
Humana, Inc.		1,498		728,807
Laboratory Corp. of America Holdings		1,510		303,585
McKesson Corp.		2,801		1,218,015
Molina Healthcare, Inc. *		1,058		346,908
Option Care Health, Inc. *		1,563		50,563

	SHARES		VALUE†
Quest Diagnostics, Inc.		1,331	$	162,196
Tenet Healthcare Corp. *		1,281		84,405
UnitedHealth Group, Inc.		14,606		7,364,199
Universal Health Services, Inc., Class B		1,322		166,215
				16,856,840
Health Care Technology — 0.1%
Teladoc Health, Inc. *		1,855		34,485
Veeva Systems, Inc., Class A *		1,334		271,402
				305,887
Hotels, Restaurants & Leisure — 2.0%
Aramark		2,445		84,841
Booking Holdings, Inc. *		578		1,782,523
Boyd Gaming Corp.		1,142		69,468
Caesars Entertainment, Inc. *		2,407		111,564
Chipotle Mexican Grill, Inc. *		423		774,864
Choice Hotels International, Inc. @		777		95,190
Churchill Downs, Inc.		1,048		121,610
Darden Restaurants, Inc.		2,002		286,726
Domino’s Pizza, Inc.		554		209,850
DraftKings, Inc., Class A *		2,512		73,953
Expedia Group, Inc. *		2,025		208,717
Hilton Grand Vacations, Inc. *		500		20,350
Hilton Worldwide Holdings, Inc.		3,388		508,810
Hyatt Hotels Corp., Class A		300		31,824
Las Vegas Sands Corp.		3,185		146,000
Marriott International, Inc., Class A		5,509		1,082,849
Marriott Vacations Worldwide Corp.		750		75,472
McDonald’s Corp.		12,565		3,310,124
MGM Resorts International *		3,426		125,940
Planet Fitness, Inc., Class A *		1,127		55,426
Royal Caribbean Cruises Ltd. *		2,550		234,957
Starbucks Corp.		18,103		1,652,261
Texas Roadhouse, Inc.		1,257		120,798
Vail Resorts, Inc.		666		147,779
Wendy’s Co. (The)		5,687		116,072
Wingstop, Inc.		324		58,268
Wyndham Hotels & Resorts, Inc.		1,765		122,738
Wynn Resorts Ltd.		738		68,199
Yum! Brands, Inc.		4,919		614,580
				12,311,753
Household Durables — 0.4%
DR Horton, Inc.		5,527		593,987
Garmin Ltd.		1,837		193,252
Lennar Corp., B Shares @		72		7,361
Lennar Corp., Class A		3,122		350,382
Mohawk Industries, Inc. *		600		51,486
Newell Brands, Inc.		1,165		10,520
NVR, Inc. *		65		387,614
PulteGroup, Inc.		4,404		326,116
Skyline Champion Corp. *		370		23,576
Taylor Morrison Home Corp. *		1,243		52,964
Tempur Sealy International, Inc.		3,440		149,090
Toll Brothers, Inc.		1,650		122,034
TopBuild Corp. *		500		125,800
Whirlpool Corp.		1,555		207,904
				2,602,086
Household Products — 1.5%
Church & Dwight Co., Inc.		4,374		400,790
Clorox Co. (The)		2,311		302,880
Colgate-Palmolive Co.		12,677		901,461
Kimberly-Clark Corp.		4,641		560,865
Procter & Gamble Co. (The)		45,612		6,652,966

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Household Products (Continued)
Reynolds Consumer Products, Inc.		878	$	22,503
				8,841,465
Independent Power Producers & Energy Traders — 0.1%
AES Corp. (The)		11,000		167,200
Clearway Energy, Inc., Class A		1,270		25,298
Clearway Energy, Inc., Class C		2,400		50,784
Ormat Technologies, Inc.		741		51,811
Vistra Corp.		3,161		104,882
				399,975
Industrial Conglomerates — 0.6%
3M Co.		13,151		1,231,197
General Electric Co.		2,729		301,691
Honeywell International, Inc.		12,502		2,309,619
				3,842,507
Insurance — 2.0%
Aflac, Inc.		7,013		538,248
Allstate Corp. (The)		2,506		279,193
American Financial Group, Inc.		747		83,417
American International Group, Inc.		12,078		731,927
Aon PLC, Class A		4,134		1,340,325
Arch Capital Group Ltd. *		3,373		268,862
Arthur J. Gallagher & Co.		2,175		495,748
Assurant, Inc.		793		113,859
Axis Capital Holdings Ltd.		1,300		73,281
Brown & Brown, Inc.		4,399		307,226
Chubb Ltd.		3,276		681,998
Cincinnati Financial Corp.		1,150		117,634
CNA Financial Corp.		943		37,107
Enstar Group Ltd. *		300		72,600
Erie Indemnity Co., Class A		506		148,658
Everest Group Ltd.		191		70,989
F&G Annuities & Life, Inc.		306		8,586
Fidelity National Financial, Inc.		4,510		186,263
First American Financial Corp.		2,024		114,336
Globe Life, Inc.		1,141		124,061
Hanover Insurance Group, Inc. (The)		696		77,242
Hartford Financial Services Group, Inc. (The)		4,796		340,084
Kinsale Capital Group, Inc.		257		106,431
Lincoln National Corp.		2,031		50,145
Loews Corp.		1,471		93,129
Markel Group, Inc. *		100		147,249
Marsh & McLennan Cos., Inc.		9,000		1,712,700
MetLife, Inc.		4,850		305,114
Old Republic International Corp.		2,863		77,129
Primerica, Inc.		919		178,295
Principal Financial Group, Inc.		2,619		188,751
Progressive Corp. (The)		6,652		926,624
Prudential Financial, Inc.		3,077		291,977
Reinsurance Group of America, Inc.		777		112,813
RenaissanceRe Holdings Ltd.		783		154,971
RLI Corp.		700		95,123
Selective Insurance Group, Inc.		829		85,528
Travelers Companies, Inc. (The)		5,151		841,210
Unum Group		1,700		83,623
W. R. Berkley Corp.		2,439		154,852
White Mountains Insurance Group Ltd.		33		49,358

	SHARES		VALUE†
Willis Towers Watson PLC		1,050	$	219,408
				12,086,074
Interactive Media & Services — 5.9%
Alphabet, Inc., Class A *		86,420		11,308,921
Alphabet, Inc., Class C *		87,329		11,514,329
Match Group, Inc. *		3,467		135,820
Meta Platforms, Inc., Class A *		40,998		12,308,009
Pinterest, Inc., Class A *		810		21,894
Snap, Inc., Class A *		3,870		34,482
ZoomInfo Technologies, Inc. *		878		14,399
				35,337,854
IT Services — 1.6%
Accenture PLC, Class A		12,877		3,954,656
Akamai Technologies, Inc. *		2,286		243,550
Amdocs Ltd.		2,260		190,947
Cloudflare, Inc., Class A *		1,142		71,992
Cognizant Technology Solutions Corp., Class A		5,973		404,611
DXC Technology Co. *		2,810		58,532
EPAM Systems, Inc. *		781		199,694
Gartner, Inc. *		1,713		588,604
Globant SA *		394		77,953
GoDaddy, Inc., Class A *		2,137		159,164
International Business Machines Corp.		20,148		2,826,764
MongoDB, Inc. *		284		98,224
Okta, Inc. *		1,243		101,317
Snowflake, Inc., Class A *		1,051		160,561
Squarespace, Inc., Class A *		1,804		52,262
Twilio, Inc., Class A *		1,065		62,335
VeriSign, Inc. *		1,468		297,314
				9,548,480
Leisure Equipment & Products — 0.1%
Brunswick Corp.		1,810		142,990
Hasbro, Inc.		2,087		138,034
Mattel, Inc. *		6,862		151,170
Polaris, Inc.		1,034		107,681
YETI Holdings, Inc. *		1,220		58,828
				598,703
Life Sciences Tools & Services — 1.2%
Agilent Technologies, Inc.		3,928		439,229
Avantor, Inc. *		4,257		89,738
Bio-Rad Laboratories, Inc., Class A *		223		79,934
Bio-Techne Corp.		1,892		128,788
Bruker Corp.		2,044		127,341
Charles River Laboratories International, Inc. *		640		125,427
Danaher Corp.		6,325		1,569,232
Fortrea Holdings, Inc. *		1,510		43,171
Illumina, Inc. *		1,577		216,491
IQVIA Holdings, Inc. *		2,790		548,933
Medpace Holdings, Inc. *		500		121,065
Mettler-Toledo International, Inc. *		519		575,088
Repligen Corp. *		355		56,449
Revvity, Inc.		1,653		182,987
Thermo Fisher Scientific, Inc.		4,564		2,310,160
Waters Corp. *		1,391		381,426
West Pharmaceutical Services, Inc.		875		328,309
				7,323,768

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Machinery — 2.3%
AGCO Corp.		1,297	$	153,409
Allison Transmission Holdings, Inc.		1,376		81,266
Caterpillar, Inc.		11,832		3,230,136
Chart Industries, Inc. *		200		33,824
Crane Co.		1,115		99,057
Cummins, Inc.		2,239		511,522
Deere & Co.		5,503		2,076,722
Donaldson Co., Inc.		2,651		158,106
Dover Corp.		2,615		364,819
Esab Corp.		564		39,604
Federal Signal Corp.		808		48,262
Flowserve Corp.		1,775		70,592
Fortive Corp.		3,548		263,120
Franklin Electric Co., Inc.		300		26,769
Graco, Inc.		2,998		218,494
IDEX Corp.		1,004		208,852
Illinois Tool Works, Inc.		6,946		1,599,733
Ingersoll Rand, Inc.		3,972		253,096
ITT, Inc.		1,721		168,503
John Bean Technologies Corp.		200		21,028
Lincoln Electric Holdings, Inc.		1,135		206,332
Middleby Corp. (The) *		1,043		133,504
Mueller Industries, Inc.		388		29,162
Nordson Corp.		848		189,248
Oshkosh Corp.		1,700		162,231
Otis Worldwide Corp.		5,642		453,109
PACCAR, Inc.		8,490		721,820
Parker-Hannifin Corp.		2,279		887,716
Pentair PLC		1,393		90,197
RBC Bearings, Inc. *		421		98,569
Snap-On, Inc.		954		243,327
Stanley Black & Decker, Inc.		1,936		161,811
Terex Corp.		417		24,027
Timken Co., (The)		1,513		111,190
Toro Co. (The)		2,053		170,604
Watts Water Technologies, Inc., Class A		400		69,128
Westinghouse Air Brake Technologies Corp.		1,144		121,573
Xylem, Inc.		2,968		270,177
				13,770,639
Marine Transportation — 0.0%
Kirby Corp. *		322		26,662
Media — 0.9%
Cable One, Inc.		101		62,180
Charter Communications, Inc., Class A *		2,672		1,175,199
Comcast Corp., Class A		59,894		2,655,700
Fox Corp. Class A		3,686		115,003
Fox Corp. Class B		661		19,090
GCI Liberty, Inc. *§		1,444		—
Interpublic Group of Cos., Inc. (The)		6,061		173,708
Liberty Broadband Corp., Class A *		39		3,545
Liberty Broadband Corp., Class C *		1,043		95,247
Liberty Media Corp.-Liberty SiriusXM, Class A *		1,263		32,143
Liberty Media Corp.-Liberty SiriusXM, Class C *		1,178		29,992
New York Times Co. (The), Class A		1,641		67,609
News Corp., Class A		3,913		78,495
News Corp., Class B		1,525		31,827
Nexstar Media Group, Inc.		900		129,033
Omnicom Group, Inc.		4,831		359,813
Paramount Global, Class A		616		9,727

	SHARES		VALUE†
Paramount Global, Class B		1,143	$	14,745
Sirius XM Holdings, Inc.		12,754		57,648
Trade Desk, Inc. (The), Class A *		4,830		377,464
				5,488,168
Metals & Mining — 0.5%
Alcoa Corp.		2,296		66,722
ATI, Inc. *		1,233		50,738
Cleveland-Cliffs, Inc. *		6,698		104,690
Commercial Metals Co.		2,430		120,066
Freeport-McMoRan, Inc.		16,128		601,413
MP Materials Corp. *@		923		17,629
Newmont Corp.		6,322		233,598
Nucor Corp.		5,263		822,870
Reliance Steel & Aluminum Co.		1,039		272,457
Royal Gold, Inc.		1,115		118,558
Southern Copper Corp.		1,769		133,188
Steel Dynamics, Inc.		3,105		332,918
United States Steel Corp.		2,198		71,391
				2,946,238
Multi-Utilities — 0.6%
Ameren Corp.		3,328		249,034
Black Hills Corp.		1,300		65,767
Centerpoint Energy, Inc.		6,700		179,895
CMS Energy Corp.		5,199		276,119
Consolidated Edison, Inc.		5,063		433,038
Dominion Energy, Inc.		13,388		598,042
DTE Energy Co.		3,247		322,362
NiSource, Inc.		5,791		142,922
Public Service Enterprise Group, Inc.		8,415		478,898
Sempra		9,472		644,380
WEC Energy Group, Inc.		4,990		401,945
				3,792,402
Oil, Gas & Consumable Fuels — 4.0%
Antero Midstream Corp.		3,600		43,128
Antero Resources Corp. *		3,300		83,754
APA Corp.		5,617		230,859
Cheniere Energy, Inc.		4,227		701,513
Chesapeake Energy Corp. @		1,889		162,888
Chevron Corp.		20,640		3,480,317
Civitas Resources, Inc. @		478		38,656
ConocoPhillips		20,640		2,472,672
Coterra Energy, Inc.		12,762		345,212
Denbury, Inc. *		911		89,287
Devon Energy Corp.		12,088		576,598
Diamondback Energy, Inc.		2,409		373,106
DT Midstream, Inc.		1,623		85,889
EnLink Midstream LLC *		3,400		41,548
EOG Resources, Inc.		9,574		1,213,600
EQT Corp.		3,800		154,204
Exxon Mobil Corp.		57,973		6,816,465
Hess Corp.		4,540		694,620
HF Sinclair Corp.		2,161		123,026
Kinder Morgan, Inc.		8,265		137,034
Magnolia Oil & Gas Corp., Class A		1,900		43,529
Marathon Oil Corp.		8,798		235,346
Marathon Petroleum Corp.		7,521		1,138,228
Matador Resources Co.		1,362		81,012
Murphy Oil Corp.		1,330		60,316
New Fortress Energy, Inc. @		1,001		32,813
Occidental Petroleum Corp.		17,109		1,110,032
ONEOK, Inc.		6,698		424,854
Ovintiv, Inc.		3,582		170,396
PBF Energy, Inc., Class A		1,038		55,564
Phillips 66		3,291		395,414

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Oil, Gas & Consumable Fuels (Continued)
Pioneer Natural Resources Co.		3,510	$	805,720
Range Resources Corp.		3,129		101,411
Southwestern Energy Co. *		16,772		108,179
Targa Resources Corp.		1,997		171,183
Texas Pacific Land Corp.		58		105,766
Valero Energy Corp.		6,425		910,487
Vitesse Energy, Inc.		190		4,349
Williams Cos., Inc. (The)		13,491		454,512
				24,273,487
Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.		1,020		56,375
Passenger Airlines — 0.1%
Alaska Air Group, Inc. *		2,503		92,811
American Airlines Group, Inc. *		10,481		134,262
Delta Air Lines, Inc.		4,487		166,019
Southwest Airlines Co.		5,800		157,006
United Airlines Holdings, Inc. *		2,884		121,993
				672,091
Personal Products — 0.4%
BellRing Brands, Inc. *		2,728		112,475
Coty, Inc., Class A *		2,516		27,601
e.l.f. Beauty, Inc. *		574		63,042
Estee Lauder Companies, Inc. (The), Class A		4,869		703,814
Kenvue, Inc.		80,401		1,614,452
				2,521,384
Pharmaceuticals — 4.6%
Bristol-Myers Squibb Co.		35,866		2,081,663
Catalent, Inc. *		2,337		106,404
Elanco Animal Health, Inc. *		4,517		50,771
Eli Lilly & Co.		19,445		10,444,493
Jazz Pharmaceuticals PLC *		1,092		141,348
Johnson & Johnson		37,932		5,907,909
Merck & Co., Inc.		41,154		4,236,804
Organon & Co.		4,671		81,089
Perrigo Co. PLC		1,790		57,191
Pfizer, Inc.		79,600		2,640,332
Royalty Pharma PLC, Class A		2,744		74,472
Viatris, Inc.		10,369		102,238
Zoetis, Inc.		11,289		1,964,060
				27,888,774
Professional Services — 1.2%
Alight, Inc., Class A *		4,692		33,266
Automatic Data Processing, Inc.		9,817		2,361,774
Booz Allen Hamilton Holding Corp.		3,549		387,799
Broadridge Financial Solutions, Inc.		2,485		444,939
CACI International, Inc., Class A *		457		143,466
Ceridian HCM Holding, Inc. *		995		67,511
Clarivate PLC *@		1,732		11,622
Concentrix Corp.		1,048		83,955
Dun & Bradstreet Holdings, Inc.		2,459		24,565
Equifax, Inc.		1,711		313,421
ExlService Holdings, Inc. *		1,320		37,013
Exponent, Inc.		799		68,394
FTI Consulting, Inc. *		662		118,107
Genpact Ltd.		2,839		102,772
Insperity, Inc.		451		44,018

	SHARES		VALUE†
Jacobs Solutions, Inc.		195	$	26,617
KBR, Inc.		2,555		150,592
Leidos Holdings, Inc.		1,580		145,613
Manpowergroup, Inc.		1,325		97,149
Maximus, Inc.		1,426		106,494
Paychex, Inc.		5,938		684,829
Paycom Software, Inc.		888		230,232
Paylocity Holding Corp. *		668		121,376
Robert Half, Inc.		2,642		193,606
Science Applications International Corp.		1,254		132,347
SS&C Technologies Holdings, Inc.		3,246		170,545
TransUnion		2,647		190,028
TriNet Group, Inc. *		421		49,038
Verisk Analytics, Inc.		3,116		736,124
				7,277,212
Real Estate Management & Development — 0.1%
CBRE Group, Inc., Class A *		5,492		405,639
CoStar Group, Inc. *		2,890		222,212
Howard Hughes Holdings, Inc. *		424		31,431
Jones Lang LaSalle, Inc. *		861		121,556
Zillow Group, Inc., Class A *		436		19,528
Zillow Group, Inc., Class C *		1,159		53,500
				853,866
Semiconductors & Semiconductor Equipment — 7.1%
Advanced Micro Devices, Inc. *		15,685		1,612,732
Allegro MicroSystems, Inc. *		1,167		37,274
Amkor Technology, Inc.		2,141		48,387
Analog Devices, Inc.		4,750		831,677
Applied Materials, Inc.		18,581		2,572,539
Axcelis Technologies, Inc. *		381		62,122
Broadcom, Inc.		8,068		6,701,119
Cirrus Logic, Inc. *		1,237		91,489
Diodes, Inc. *		541		42,652
Enphase Energy, Inc. *		1,883		226,242
Entegris, Inc.		1,797		168,756
First Solar, Inc. *		1,023		165,307
Intel Corp.		40,658		1,445,392
KLA Corp.		3,591		1,647,048
Lam Research Corp.		3,138		1,966,804
Lattice Semiconductor Corp. *		1,742		149,690
MACOM Technology Solutions Holdings, Inc. *		878		71,627
Marvell Technology, Inc.		6,428		347,948
Microchip Technology, Inc.		8,612		672,167
Micron Technology, Inc.		12,766		868,471
Monolithic Power Systems, Inc.		581		268,422
NVIDIA Corp.		33,925		14,757,036
NXP Semiconductors NV		2,249		449,620
ON Semiconductor Corp. *		8,229		764,886
Onto Innovation, Inc. *		307		39,149
Power Integrations, Inc.		846		64,558
Qorvo, Inc. *		1,637		156,284
QUALCOMM, Inc.		25,043		2,781,276
Silicon Laboratories, Inc. *		600		69,534
Skyworks Solutions, Inc.		3,028		298,530
SolarEdge Technologies, Inc. *		455		58,927
Teradyne, Inc.		2,728		274,055
Texas Instruments, Inc.		19,702		3,132,815
Universal Display Corp.		786		123,394

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Semiconductors & Semiconductor Equipment (Continued)
Wolfspeed, Inc. *@		857	$	32,652
				43,000,581
Software — 8.1%
Adobe, Inc. *		9,085		4,632,442
ANSYS, Inc. *		686		204,119
Aspen Technology, Inc. *		364		74,351
Atlassian Corp. Ltd., Class A *		1,245		250,880
Autodesk, Inc. *		2,329		481,893
Bentley Systems, Inc., Class B		2,343		117,525
Bill Holdings, Inc. *		791		85,879
Blackbaud, Inc. *		638		44,864
Box, Inc., Class A *		2,773		67,134
Cadence Design Systems, Inc. *		4,290		1,005,147
Crowdstrike Holdings, Inc., Class A *		825		138,089
Datadog, Inc., Class A *		1,407		128,164
DocuSign, Inc. *		1,359		57,078
Dolby Laboratories, Inc., Class A		938		74,346
DoubleVerify Holdings, Inc. *		540		15,093
Dropbox, Inc., Class A *		5,131		139,717
Dynatrace, Inc. *		1,205		56,310
Fair Isaac Corp. *		393		341,332
Fortinet, Inc. *		13,129		770,410
Gen Digital, Inc.		5,861		103,622
Guidewire Software, Inc. *		488		43,920
HubSpot, Inc. *		406		199,955
Intuit, Inc.		3,267		1,669,241
Manhattan Associates, Inc. *		2,113		417,656
Microsoft Corp.		92,490		29,203,717
Oracle Corp.		26,244		2,779,764
Palantir Technologies, Inc., Class A *		13,943		223,088
Palo Alto Networks, Inc. *		2,385		559,139
Procore Technologies, Inc. *		362		23,646
PTC, Inc. *		1,031		146,072
Qualys, Inc. *		503		76,733
Roper Technologies, Inc.		842		407,764
Salesforce, Inc. *		7,199		1,459,813
SentinelOne, Inc., Class A *		2,184		36,822
ServiceNow, Inc. *		1,610		899,926
Splunk, Inc. *		1,045		152,831
SPS Commerce, Inc. *		393		67,050
Synopsys, Inc. *		1,737		797,231
Teradata Corp. *		1,256		56,545
Tyler Technologies, Inc. *		424		163,723
VMware, Inc., Class A *		2,695		448,664
Workday, Inc., Class A *		981		210,768
Zoom Video Communications, Inc., Class A *		832		58,190
Zscaler, Inc. *		705		109,691
				49,000,344
Specialty Retail — 2.6%
Academy Sports & Outdoors, Inc.		1,110		52,470
AutoNation, Inc. *		961		145,495
AutoZone, Inc. *		287		728,977
Bath & Body Works, Inc.		2,883		97,445
Best Buy Co., Inc.		6,478		450,027
Burlington Stores, Inc. *		571		77,256
Carmax, Inc. *		1,900		134,387
Chewy, Inc., Class A *		1,146		20,926
Dick’s Sporting Goods, Inc.		1,695		184,043
Five Below, Inc. *		1,000		160,900
Floor & Decor Holdings, Inc., Class A *		701		63,441
GameStop Corp., Class A *		1,519		25,003

	SHARES		VALUE†
Group 1 Automotive, Inc.		214	$	57,504
Home Depot, Inc. (The)		18,311		5,532,852
Lithia Motors, Inc.		199		58,771
Lowe’s Cos., Inc.		9,122		1,895,916
Murphy USA, Inc.		483		165,056
O’Reilly Automotive, Inc. *		951		864,326
Penske Automotive Group, Inc.		470		78,518
RH *		330		87,239
Ross Stores, Inc.		6,470		730,786
TJX Cos., Inc. (The)		27,124		2,410,781
Tractor Supply Co.		2,576		523,057
Ulta Beauty, Inc. *		984		393,059
Valvoline, Inc.		3,289		106,037
Williams-Sonoma, Inc. @		2,178		338,461
				15,382,733
Textiles, Apparel & Luxury Goods — 0.7%
Capri Holdings Ltd. *		1,085		57,082
Columbia Sportswear Co.		858		63,578
Crocs, Inc. *		1,415		124,845
Deckers Outdoor Corp. *		473		243,164
Levi Strauss & Co., Class A		2,933		39,830
Lululemon Athletica, Inc. *		2,254		869,165
NIKE, Inc., Class B		23,472		2,244,393
PVH Corp.		760		58,148
Ralph Lauren Corp.		970		112,607
Skechers U.S.A., Inc., Class A *		1,800		88,110
Tapestry, Inc.		5,352		153,870
VF Corp. @		5,509		97,344
				4,152,136
Tobacco — 0.5%
Altria Group, Inc.		27,551		1,158,520
Philip Morris International, Inc.		21,397		1,980,934
				3,139,454
Trading Companies & Distributors — 0.5%
Air Lease Corp.		1,296		51,074
Applied Industrial Technologies, Inc.		374		57,824
Beacon Roofing Supply, Inc. *		1,400		108,038
Core & Main, Inc., Class A *		1,729		49,882
Fastenal Co.		12,697		693,764
GATX Corp.		410		44,620
MSC Industrial Direct Co., Inc., Class A		1,100		107,965
SiteOne Landscape Supply, Inc. *		654		106,896
Triton International Ltd. *<>		400		32,912
United Rentals, Inc.		2,064		917,593
Watsco, Inc. @		474		179,039
WESCO International, Inc.		596		85,717
WW Grainger, Inc.		1,097		758,948
				3,194,272
Water Utilities — 0.1%
American Water Works Co., Inc.		3,475		430,309
Essential Utilities, Inc.		3,662		125,717
				556,026
Wireless Telecommunication Services — 0.2%
T-Mobile US, Inc. *		8,733		1,223,057
TOTAL COMMON STOCKS
(Identified Cost $128,295,989)				578,409,660
MUTUAL FUNDS — 3.8%
Others — 3.8%
DFA U.S. Micro Cap Portfolio		978,645		22,880,722
TOTAL MUTUAL FUNDS
(Identified Cost $11,253,383)				22,880,722

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
SHORT-TERM INVESTMENTS — 0.3%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.040%		1,257,879	$	1,257,879
Collateral For Securities On Loan — 0.1%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		320,482		320,482
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $1,578,361)				1,578,361
Total Investments — 100.0%
(Identified Cost $141,127,733)				602,868,743
Cash and Other Assets, Less Liabilities — 0.0%				41,731
Net Assets — 100.0%			$	602,910,474

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $1,280,810.
<>	Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Fund’s Board of Trustees. See Note 1
§	Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Fund’s Board of Trustees. See Note 1

The accompanying notes are an integral part of these portfolio of investments.

Portfolio Sectors as of September 30, 2023
(As a percentage of long-term investments) (Unaudited)

Sector	Percentage
Information Technology		29.3	%
Health Care		12.8	%
Financials		12.1	%
Consumer Discretionary		11.3	%
Industrials		9.8	%
Communication Services		8.6	%
Consumer Staples		6.9	%
Energy		4.3	%
Materials		2.5	%
Utilities		2.4	%
		100.0	%

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.8%
Aerospace & Defense — 1.8%
General Dynamics Corp.		7,826	$	1,729,311
Howmet Aerospace, Inc.		12,551		580,484
L3Harris Technologies, Inc.		5,223		909,429
Northrop Grumman Corp.		2,915		1,283,154
RTX Corp.		36,091		2,597,469
Textron, Inc.		26,765		2,091,417
				9,191,264
Air Freight & Logistics — 0.9%
FedEx Corp.		16,968		4,495,163
Automobile Components — 0.5%
Aptiv PLC *		8,955		882,874
BorgWarner, Inc.		24,241		978,609
Gentex Corp.		863		28,082
Lear Corp.		4,071		546,328
Phinia, Inc.		4,848		129,878
				2,565,771
Automobiles — 1.0%
Ford Motor Co.		150,516		1,869,409
General Motors Co.		98,964		3,262,843
				5,132,252
Beverages — 0.4%
Constellation Brands, Inc., Class A		5,660		1,422,528
Keurig Dr Pepper, Inc.		2,705		85,397
Molson Coors Beverage Co., Class B		10,592		673,545
				2,181,470
Biotechnology — 1.9%
Biogen, Inc. *		9,693		2,491,198
Gilead Sciences, Inc.		44,490		3,334,080
Moderna, Inc. *		8,724		901,102
Regeneron Pharmaceuticals, Inc. *		3,232		2,659,807
United Therapeutics Corp. *		683		154,269
				9,540,456
Broadline Retail — 0.1%
eBay, Inc.		13,232		583,399
Building Products — 1.2%
Builders FirstSource, Inc. *		7,125		886,991
Carlisle Cos., Inc.		2,854		739,928
Carrier Global Corp.		571		31,519
Fortune Brands Innovations, Inc.		11,027		685,438
Johnson Controls International PLC		34,370		1,828,828
Owens Corning		12,209		1,665,430
				5,838,134
Capital Markets — 2.8%
Bank of New York Mellon Corp. (The)		52,444		2,236,737
Franklin Resources, Inc.		5,210		128,062
Goldman Sachs Group, Inc. (The)		18,498		5,985,398
Jefferies Financial Group, Inc.		6,993		256,154
Morgan Stanley		58,923		4,812,241
Northern Trust Corp.		938		65,172
Raymond James Financial, Inc.		2,205		221,448
State Street Corp.		10,112		677,099
				14,382,311
Chemicals — 3.8%
Air Products & Chemicals, Inc.		5,579		1,581,089
Albemarle Corp.		2,684		456,387
Celanese Corp.		4,202		527,435
CF Industries Holdings, Inc.		11,835		1,014,733
Corteva, Inc.		18,513		947,125
Dow, Inc.		51,700		2,665,652
DuPont de Nemours, Inc.		13,259		988,989

	SHARES		VALUE†
Eastman Chemical Co.		17,799	$	1,365,539
FMC Corp.		500		33,485
International Flavors & Fragrances, Inc.		9,315		635,003
Linde PLC		14,100		5,250,135
LyondellBasell Industries NV, Class A		21,390		2,025,633
Mosaic Co. (The)		12,646		450,198
PPG Industries, Inc.		2,117		274,787
Westlake Corp.		7,968		993,370
				19,209,560
Commercial Banks — 9.1%
Bank of America Corp.		206,326		5,649,206
Citigroup, Inc.		79,030		3,250,504
Citizens Financial Group, Inc.		18,613		498,828
East West Bancorp, Inc.		2,390		125,977
Fifth Third Bancorp		70,601		1,788,323
Huntington Bancshares, Inc.		72,900		758,160
JPMorgan Chase & Co.		142,484		20,663,030
KeyCorp		33,936		365,151
M&T Bank Corp.		3,759		475,326
PNC Financial Services Group, Inc. (The)		11,566		1,419,958
Regions Financial Corp.		119,937		2,062,916
Truist Financial Corp.		64,730		1,851,925
U.S. Bancorp		40,031		1,323,425
Wells Fargo & Co.		126,013		5,148,891
Zions Bancorp NA		20,193		704,534
				46,086,154
Commercial Services & Supplies — 0.6%
Republic Services, Inc.		19,861		2,830,391
Communications Equipment — 0.2%
Cisco Systems, Inc.		4,155		223,373
Juniper Networks, Inc.		19,365		538,153
				761,526
Computers & Peripherals — 1.3%
Dell Technologies, Inc., Class C		861		59,323
Hewlett Packard Enterprise Co.		141,847		2,463,882
HP, Inc.		123,628		3,177,240
Western Digital Corp. *		15,020		685,363
				6,385,808
Construction & Engineering — 0.2%
AECOM		9,024		749,353
Quanta Services, Inc.		490		91,664
				841,017
Construction Materials — 0.7%
Martin Marietta Materials, Inc.		4,136		1,697,745
Vulcan Materials Co.		8,594		1,736,160
				3,433,905
Consumer Finance — 1.1%
Ally Financial, Inc.		52,963		1,413,053
Capital One Financial Corp.		28,539		2,769,710
Discover Financial Services		7,930		686,976
Synchrony Financial		25,544		780,880
				5,650,619
Consumer Staples Distribution & Retail — 2.2%
Dollar Tree, Inc. *		12,596		1,340,844
Kroger Co. (The)		64,415		2,882,571
U.S. Foods Holding Corp. *		9,124		362,223
Walgreens Boots Alliance, Inc.		44,769		995,663
Walmart, Inc.		34,998		5,597,230
				11,178,531
Containers & Packaging — 0.5%
Amcor PLC		20,769		190,244
International Paper Co.		40,705		1,443,806

The accompanying notes are an integral part of these portfolio of investments.

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Containers & Packaging (Continued)
Packaging Corp. of America		2,898	$	444,988
Sonoco Products Co.		611		33,208
WestRock Co.		13,537		484,625
				2,596,871
Distributors — 0.4%
LKQ Corp.		37,512		1,857,219
Diversified Telecommunication Services — 2.6%
AT&T, Inc.		455,881		6,847,333
Verizon Communications, Inc.		198,247		6,425,185
				13,272,518
Electric Utilities — 0.2%
NRG Energy, Inc.		22,148		853,141
Electrical Equipment — 0.8%
AMETEK, Inc.		5,351		790,664
Eaton Corp. PLC		15,699		3,348,283
Sensata Technologies Holding PLC		1,781		67,357
				4,206,304
Electronic Equipment, Instruments & Components — 1.2%
Corning, Inc.		84,494		2,574,532
Flex Ltd. *		31,420		847,712
Jabil, Inc.		2,048		259,871
TD SYNNEX Corp.		1,605		160,275
TE Connectivity Ltd.		19,391		2,395,370
				6,237,760
Energy Equipment & Services — 0.2%
Baker Hughes Co.		32,142		1,135,256
Entertainment — 1.5%
Activision Blizzard, Inc.		21,184		1,983,458
Electronic Arts, Inc.		2,901		349,280
Liberty Media Corp.-Liberty Formula One, Class A *		1,097		62,024
Liberty Media Corp.-Liberty Formula One, Class C *		2,194		136,686
Liberty Media Corp.-Liberty Live, Class A *		1,143		36,485
Liberty Media Corp.-Liberty Live, Class C *		2,287		73,413
Take-Two Interactive Software, Inc. *		2,574		361,364
Walt Disney Co. (The) *		41,483		3,362,197
Warner Bros Discovery, Inc. *		96,742		1,050,618
				7,415,525
Financial Services — 3.3%
Berkshire Hathaway, Inc., Class B *		38,388		13,447,316
Fidelity National Information Services, Inc.		20,911		1,155,751
Fiserv, Inc. *		12,529		1,415,276
Global Payments, Inc.		4,923		568,065
				16,586,408
Food Products — 3.0%
Archer-Daniels-Midland Co.		24,965		1,882,860
Bunge Ltd.		12,845		1,390,471
Campbell Soup Co.		3,702		152,078
Conagra Brands, Inc.		19,827		543,656
Darling Ingredients, Inc. *		5,424		283,133
General Mills, Inc.		38,095		2,437,699
Hormel Foods Corp.		5,728		217,836
J.M. Smucker Co. (The)		13,087		1,608,523
Kraft Heinz Co. (The)		20,920		703,749

	SHARES		VALUE†
McCormick & Co., Inc.		1,921	$	145,305
Mondelez International, Inc., Class A		51,728		3,589,923
Post Holdings, Inc. *		973		83,425
Seaboard Corp.		22		82,566
Tyson Foods, Inc., Class A		41,844		2,112,704
				15,233,928
Ground Transportation — 0.8%
Norfolk Southern Corp.		16,359		3,221,578
U-Haul Holding Co.		18,027		944,434
U-Haul Holding Co. *@		2,003		109,304
				4,275,316
Health Care Equipment & Supplies — 1.7%
Becton Dickinson & Co.		8,055		2,082,459
Boston Scientific Corp. *		7,514		396,739
Cooper Cos., Inc. (The)		137		43,568
GE HealthCare Technologies, Inc.		15,734		1,070,541
Hologic, Inc. *		5,323		369,416
Medtronic PLC		37,706		2,954,642
STERIS PLC		3,097		679,544
Zimmer Biomet Holdings, Inc.		8,154		915,042
Zimvie, Inc. *		815		7,669
				8,519,620
Health Care Providers & Services — 5.2%
Centene Corp. *		19,196		1,322,221
Cigna Group (The)		19,065		5,453,925
CVS Health Corp.		58,448		4,080,839
Elevance Health, Inc.		13,010		5,664,814
Henry Schein, Inc. *		3,777		280,442
Humana, Inc.		7,918		3,852,265
Laboratory Corp. of America Holdings		13,769		2,768,258
McKesson Corp.		390		169,592
Quest Diagnostics, Inc.		18,783		2,288,896
Universal Health Services, Inc., Class B		1,221		153,516
				26,034,768
Hotels, Restaurants & Leisure — 0.5%
Aramark		16,117		559,260
Carnival Corp. *		27,865		382,308
Hyatt Hotels Corp., Class A		3,174		336,698
MGM Resorts International *		26,967		991,307
				2,269,573
Household Durables — 2.6%
DR Horton, Inc.		50,225		5,397,681
Garmin Ltd.		12,982		1,365,706
Lennar Corp., B Shares @		573		58,578
Lennar Corp., Class A		23,116		2,594,308
Mohawk Industries, Inc. *		369		31,664
PulteGroup, Inc.		41,840		3,098,252
Whirlpool Corp.		3,147		420,754
				12,966,943
Independent Power Producers & Energy Traders — 0.2%
Vistra Corp.		25,467		844,995
Industrial Conglomerates — 0.3%
3M Co.		4,171		390,489
General Electric Co.		11,962		1,322,399
				1,712,888
Insurance — 4.3%
Aflac, Inc.		32,730		2,512,028

The accompanying notes are an integral part of these portfolio of investments.

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Insurance (Continued)
Allstate Corp. (The)		940	$	104,725
American International Group, Inc.		29,118		1,764,551
Arch Capital Group Ltd. *		11,691		931,890
Chubb Ltd.		11,440		2,381,579
Cincinnati Financial Corp.		370		37,847
CNA Financial Corp.		2,580		101,523
Everest Group Ltd.		1,938		720,296
F&G Annuities & Life, Inc.		103		2,890
Fidelity National Financial, Inc.		1,515		62,570
Hartford Financial Services Group, Inc. (The)		47,472		3,366,240
Lincoln National Corp.		9,516		234,950
Loews Corp.		15,964		1,010,681
Markel Group, Inc. *		116		170,809
MetLife, Inc.		10,237		644,010
Old Republic International Corp.		14,636		394,294
Principal Financial Group, Inc.		28,632		2,063,508
Prudential Financial, Inc.		16,742		1,588,648
RenaissanceRe Holdings Ltd.		469		92,824
Travelers Companies, Inc. (The)		21,374		3,490,588
				21,676,451
Interactive Media & Services — 2.0%
Meta Platforms, Inc., Class A *		33,074		9,929,146
IT Services — 0.8%
Akamai Technologies, Inc. *		3,310		352,647
Amdocs Ltd.		15,213		1,285,346
Cognizant Technology Solutions Corp., Class A		34,305		2,323,821
DXC Technology Co. *		10,285		214,237
Kyndryl Holdings, Inc. *		1,933		29,188
				4,205,239
Life Sciences Tools & Services — 1.8%
Bio-Rad Laboratories, Inc., Class A *		172		61,653
Danaher Corp.		19,132		4,746,649
Fortrea Holdings, Inc. *		13,769		393,656
Revvity, Inc.		1,932		213,872
Thermo Fisher Scientific, Inc.		6,997		3,541,672
				8,957,502
Machinery — 3.5%
AGCO Corp.		2,811		332,485
Cummins, Inc.		10,946		2,500,723
Dover Corp.		6,916		964,851
Fortive Corp.		7,311		542,184
Ingersoll Rand, Inc.		14,939		951,913
Oshkosh Corp.		984		93,903
Otis Worldwide Corp.		25,885		2,078,825
PACCAR, Inc.		34,507		2,933,785
Parker-Hannifin Corp.		6,933		2,700,542
Pentair PLC		20,400		1,320,900
Snap-On, Inc.		6,351		1,619,886
Stanley Black & Decker, Inc.		14,985		1,252,446
Westinghouse Air Brake Technologies Corp.		5,333		566,738
				17,859,181
Media — 3.1%
Comcast Corp., Class A		285,775		12,671,263
Fox Corp. Class A		24,883		776,350
Fox Corp. Class B		14,510		419,049
Interpublic Group of Cos., Inc. (The)		21,833		625,734
Liberty Broadband Corp., Class C *		3,887		354,961

	SHARES		VALUE†
Liberty Media Corp.-Liberty SiriusXM, Class A *		4,389	$	111,700
Liberty Media Corp.-Liberty SiriusXM, Class C *		8,778		223,488
News Corp., Class A		8,320		166,899
News Corp., Class B		1,734		36,188
Paramount Global, Class B		25,564		329,776
				15,715,408
Metals & Mining — 3.5%
Freeport-McMoRan, Inc.		106,539		3,972,839
Newmont Corp.		42,413		1,567,160
Nucor Corp.		38,084		5,954,434
Reliance Steel & Aluminum Co.		9,348		2,451,326
Royal Gold, Inc.		725		77,089
Steel Dynamics, Inc.		33,820		3,626,181
				17,649,029
Oil, Gas & Consumable Fuels — 15.2%
Chevron Corp.		97,929		16,512,788
ConocoPhillips		92,400		11,069,520
Coterra Energy, Inc.		17,923		484,817
Devon Energy Corp.		13,044		622,199
Diamondback Energy, Inc.		4,617		715,081
EOG Resources, Inc.		23,992		3,041,226
EQT Corp.		1,748		70,934
Exxon Mobil Corp.		222,398		26,149,557
HF Sinclair Corp.		471		26,814
Kinder Morgan, Inc.		73,017		1,210,622
Marathon Oil Corp.		18,183		486,395
Marathon Petroleum Corp.		30,104		4,555,939
Occidental Petroleum Corp.		34,021		2,207,283
ONEOK, Inc.		1,519		96,350
Phillips 66		15,495		1,861,724
Pioneer Natural Resources Co.		10,352		2,376,302
Valero Energy Corp.		19,826		2,809,542
Williams Cos., Inc. (The)		70,657		2,380,434
				76,677,527
Passenger Airlines — 0.4%
Delta Air Lines, Inc.		33,883		1,253,671
Southwest Airlines Co.		27,340		740,094
United Airlines Holdings, Inc. *		5,310		224,613
				2,218,378
Personal Products — 0.0%
BellRing Brands, Inc. *		1,233		50,837
Pharmaceuticals — 3.4%
Bristol-Myers Squibb Co.		78,489		4,555,502
Jazz Pharmaceuticals PLC *		4,730		612,251
Pfizer, Inc.		340,714		11,301,483
Viatris, Inc.		69,023		680,567
				17,149,803
Professional Services — 0.6%
Concentrix Corp.		1,605		128,577
Jacobs Solutions, Inc.		6,136		837,564
Leidos Holdings, Inc.		16,200		1,492,992
Manpowergroup, Inc.		632		46,338
SS&C Technologies Holdings, Inc.		7,467		392,316
				2,897,787
Real Estate Management & Development — 0.4%
CBRE Group, Inc., Class A *		19,100		1,410,726
Jones Lang LaSalle, Inc. *		4,753		671,029
				2,081,755
Semiconductors & Semiconductor Equipment — 4.1%
Advanced Micro Devices, Inc. *		14,927		1,534,794

The accompanying notes are an integral part of these portfolio of investments.

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Semiconductors & Semiconductor Equipment (Continued)
Analog Devices, Inc.		18,542	$	3,246,519
Intel Corp.		241,567		8,587,707
Marvell Technology, Inc.		18,929		1,024,627
Micron Technology, Inc.		74,362		5,058,847
Qorvo, Inc. *		11,125		1,062,103
Skyworks Solutions, Inc.		4,292		423,148
				20,937,745
Software — 0.4%
Gen Digital, Inc.		3,129		55,321
Roper Technologies, Inc.		366		177,246
Salesforce, Inc. *		9,937		2,015,025
				2,247,592
Specialty Retail — 0.1%
Carmax, Inc. *		8,119		574,257
Textiles, Apparel & Luxury Goods — 0.1%
Ralph Lauren Corp.		1,676		194,567
Tapestry, Inc.		6,979		200,646
				395,213
Trading Companies & Distributors — 0.5%
United Rentals, Inc.		5,460		2,427,352
Wireless Telecommunication Services — 0.8%
T-Mobile US, Inc. *		29,534		4,136,237
TOTAL COMMON STOCKS (Identified Cost $313,992,999)				504,093,203
SHORT-TERM INVESTMENTS — 0.2%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.040%		1,051,845		1,051,845
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $1,051,845)				1,051,845
Total Investments — 100.0% (Identified Cost $315,044,844)				505,145,048
Cash and Other Assets, Less Liabilities — 0.0%				194,060
Net Assets — 100.0%			$	505,339,108

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $171,783.

The accompanying notes are an integral part of these portfolio of investments.

Portfolio Sectors as of September 30, 2023
(As a percentage of long-term investments) (Unaudited)

Sector	Percentage
Financials		21.2	%
Energy		15.4	%
Health Care		13.9	%
Industrials		11.7	%
Communication Services		10.0	%
Materials		8.5	%
Information Technology		8.1	%
Consumer Staples		5.7	%
Consumer Discretionary		5.2	%
Utilities		0.3	%
		100.0	%

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.5%
Aerospace & Defense — 1.1%
AAR Corp. *		3,510	$	208,950
Aerovironment, Inc. *		2,477		276,260
Astronics Corp., Class B *		693		10,953
Axon Enterprise, Inc. *		253		50,344
BWX Technologies, Inc.		3,927		294,446
Curtiss-Wright Corp.		2,577		504,139
Ducommun, Inc. *		1,489		64,786
Hexcel Corp.		5,671		369,409
Innovative Solutions & Support, Inc. *		3,248		24,685
Kaman Corp.		3,031		59,559
Kratos Defense & Security Solutions, Inc. *		11,721		176,049
Mercury Systems, Inc. *		4,277		158,634
Moog, Inc., Class A		2,730		308,381
National Presto Industries, Inc.		709		51,374
Park Aerospace Corp.		2,501		38,841
Parsons Corp. *		1,163		63,209
V2X, Inc. *		1,491		77,025
Woodward, Inc.		4,322		537,052
				3,274,096
Air Freight & Logistics — 0.2%
Air Transport Services Group, Inc. *		7,181		149,867
Forward Air Corp.		2,778		190,960
HUB Group, Inc., Class A *		3,444		270,492
Radiant Logistics, Inc. *		6,146		34,725
				646,044
Automobile Components — 1.8%
Adient PLC *		4,024		147,681
American Axle & Manufacturing Holdings, Inc. *		3,721		27,014
Autoliv, Inc.		6,598		636,575
BorgWarner, Inc.		15,123		610,515
Cooper-Standard Holdings, Inc. *		1,153		15,473
Dana, Inc.		9,900		145,233
Dorman Products, Inc. *		3,535		267,812
Fox Factory Holding Corp.  *		4,825		478,061
Gentex Corp.		15,377		500,368
Gentherm, Inc. *		4,234		229,737
Goodyear Tire & Rubber Co. (The) *		6,748		83,878
LCI Industries		2,757		323,727
Lear Corp.		4,020		539,484
Modine Manufacturing Co. *		6,449		295,042
Motorcar Parts of America, Inc. *		2,267		18,340
Patrick Industries, Inc.		2,334		175,190
Phinia, Inc.		3,024		81,013
Standard Motor Products, Inc.		2,639		88,723
Stoneridge, Inc. *		2,727		54,731
Strattec Security Corp. *		941		21,737
Visteon Corp. *		2,696		372,237
XPEL, Inc. *		305		23,518
				5,136,089
Automobiles — 0.3%
Harley-Davidson, Inc.		9,600		317,376
Thor Industries, Inc.		2,397		228,027
Winnebago Industries, Inc.		3,191		189,705
				735,108
Beverages — 0.8%
Boston Beer Co., Inc. (The), Class A *		69		26,878
Celsius Holdings, Inc. *		1,501		257,572
Coca-Cola Consolidated, Inc.		997		634,411
Duckhorn Portfolio, Inc. (The)  *		6,105		62,637
MGP Ingredients, Inc. @		1,851		195,243
Molson Coors Beverage Co., Class B		9,730		618,731

	SHARES		VALUE†
National Beverage Corp. *		8,395	$	394,733
				2,190,205
Biotechnology — 2.0%
Agios Pharmaceuticals, Inc. *		4,111		101,747
Aldeyra Therapeutics, Inc. *		3,971		26,526
Alkermes PLC *		7,251		203,101
Allogene Therapeutics, Inc. *@		9,669		30,651
AnaptysBio, Inc. *		2,569		46,139
Anika Therapeutics, Inc. *		1,795		33,441
Arcturus Therapeutics Holdings, Inc. *		2,548		65,101
Arcus Biosciences, Inc. *		2,904		52,127
Avid Bioservices, Inc. *		4,386		41,404
Avidity Biosciences, Inc. *		4,762		30,382
Beam Therapeutics, Inc. *		497		11,953
Biomea Fusion, Inc. *		1,472		20,255
Bluebird Bio, Inc. *		5,659		17,203
Blueprint Medicines Corp. *		1,537		77,188
Catalyst Pharmaceuticals, Inc. *		8,570		100,183
Chinook Therapeutics, Inc. CVR *¶<>		5,000		1,950
Crinetics Pharmaceuticals, Inc. *		551		16,387
CRISPR Therapeutics AG *@		1,927		87,467
Cullinan Oncology, Inc. *		1,139		10,308
Deciphera Pharmaceuticals, Inc. *		5,724		72,809
Design Therapeutics, Inc. *		1,007		2,377
Dynavax Technologies Corp. *		7,915		116,905
Dyne Therapeutics, Inc. *		1,485		13,306
Eagle Pharmaceuticals, Inc. *		488		7,696
Editas Medicine, Inc. *		4,524		35,287
Emergent BioSolutions, Inc. *		5,055		17,187
Enanta Pharmaceuticals, Inc. *		1,585		17,704
Exelixis, Inc. *		22,934		501,108
Fate Therapeutics, Inc. *		2,137		4,530
Generation Bio Co. *		1,523		5,772
Graphite Bio, Inc. *		3,123		7,745
Halozyme Therapeutics, Inc. *		10,812		413,018
Ideaya Biosciences, Inc. *		4,393		118,523
Intellia Therapeutics, Inc. *		2,590		81,896
Iovance Biotherapeutics, Inc. *		6,868		31,249
Ironwood Pharmaceuticals, Inc. *		11,743		113,085
KalVista Pharmaceuticals, Inc. *		767		7,386
Karuna Therapeutics, Inc. *		1,267		214,237
Kodiak Sciences, Inc. *		2,149		3,868
Krystal Biotech, Inc. *		1,598		185,368
Kura Oncology, Inc. *		5,384		49,102
Kymera Therapeutics, Inc. *@		3,129		43,493
MacroGenics, Inc. *		1,907		8,887
Mirati Therapeutics, Inc. *		1,395		60,766
Myriad Genetics, Inc. *		8,130		130,405
Neurocrine Biosciences, Inc. *		7,426		835,425
Nurix Therapeutics, Inc. *		2,828		22,228
PDL BioPharma, Inc. *§		18,262		33,650
PMV Pharmaceuticals, Inc. *		3,331		20,452
Prothena Corp. PLC *		932		44,969
RAPT Therapeutics, Inc. *		1,843		30,631
Recursion Pharmaceuticals, Inc., Class A *@		1,754		13,418
REGENXBIO, Inc. *		2,731		44,952
Relay Therapeutics, Inc. *		7,635		64,210
Replimune Group, Inc. *		3,690		63,136
REVOLUTION Medicines, Inc. *		5,705		157,914
Rocket Pharmaceuticals, Inc. *		3,576		73,272
Sage Therapeutics, Inc. *		3,363		69,211
Sangamo Therapeutics, Inc. *		9,669		5,799
Sarepta Therapeutics, Inc. *		1,358		164,617
Stoke Therapeutics, Inc. *@		2,970		11,702

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Biotechnology (Continued)
Sutro Biopharma, Inc. *		908	$	3,151
Syndax Pharmaceuticals, Inc. *		5,678		82,445
Twist Bioscience Corp. *		2,997		60,719
United Therapeutics Corp. *		2,637		595,619
Vaxcyte, Inc. *		672		34,259
Veracyte, Inc. *		4,340		96,912
Vericel Corp. *		713		23,900
Xencor, Inc. *		2,792		56,259
Xenon Pharmaceuticals, Inc. *		338		11,546
				5,857,618
Broadline Retail — 0.3%
Big Lots, Inc.		1,156		5,907
Dillard’s, Inc., Class A @		1,052		348,012
Kohl’s Corp.		2,281		47,810
Macy’s, Inc.		16,931		196,569
Nordstrom, Inc. @		2,914		43,535
Ollie’s Bargain Outlet Holdings, Inc. *		3,753		289,657
				931,490
Building Products — 3.2%
A.O. Smith Corp.		8,970		593,186
AAON, Inc.		8,946		508,759
Advanced Drainage Systems, Inc.		7,209		820,601
Allegion PLC		575		59,915
American Woodmark Corp. *		1,353		102,300
Apogee Enterprises, Inc.		2,316		109,037
Armstrong World Industries, Inc.		4,365		314,280
AZZ, Inc.		2,809		128,034
Builders FirstSource, Inc. *		13,840		1,722,942
CSW Industrials, Inc.		1,174		205,732
Gibraltar Industries, Inc. *		3,042		205,365
Insteel Industries, Inc.		2,278		73,944
Lennox International, Inc.		1,677		627,936
Masco Corp.		3,905		208,722
Masonite International Corp. *		169		15,754
Owens Corning		6,683		911,628
PGT Innovations, Inc. *		6,135		170,246
Quanex Building Products Corp.		3,883		109,384
Resideo Technologies, Inc. *		681		10,760
Simpson Manufacturing Co., Inc.		4,397		658,715
Trex Co., Inc. *		10,510		647,731
UFP Industries, Inc.		6,595		675,328
Zurn Elkay Water Solutions Corp.		14,150		396,483
				9,276,782
Capital Markets — 2.7%
Affiliated Managers Group, Inc.		4,043		526,965
Artisan Partners Asset Management, Inc., Class A		7,515		281,211
AssetMark Financial Holdings, Inc. *		3,140		78,751
Avantax, Inc. *		5,658		144,732
B Riley Financial, Inc. @		1,204		49,352
BGC Group, Inc., Class A		30,567		161,394
Brightsphere Investment Group, Inc.		2,826		54,796
Carlyle Group, Inc. (The)		1,797		54,198
Cohen & Steers, Inc.		5,127		321,412
Diamond Hill Investment Group, Inc.		289		48,717
Donnelley Financial Solutions, Inc. *		3,798		213,751
Evercore, Inc., Class A		3,659		504,503

	SHARES		VALUE†
Federated Hermes, Inc.		10,797	$	365,694
Franklin Resources, Inc.		3,638		89,422
Hamilton Lane, Inc., Class A		1,792		162,068
Houlihan Lokey, Inc.		1,002		107,334
Intercontinental Exchange, Inc.		113		12,432
Invesco Ltd.		24,055		349,279
Janus Henderson Group PLC		14,636		377,902
Jefferies Financial Group, Inc.		21,621		791,977
Lazard Ltd., Class A		6,742		209,069
MarketAxess Holdings, Inc.		710		151,684
Moelis & Co., Class A		3,960		178,715
Morningstar, Inc. @		2,847		666,881
Open Lending Corp., Class A *		2,793		20,445
Oppenheimer Holdings, Inc., Class A		1,244		47,658
Piper Sandler Cos.		2,107		306,168
PJT Partners, Inc., Class A		1,422		112,964
Robinhood Markets, Inc., Class A *		7,373		72,329
SEI Investments Co.		4,732		285,008
Silvercrest Asset Management Group, Inc., Class A		759		12,045
StepStone Group, Inc., Class A		446		14,085
Stifel Financial Corp.		9,673		594,309
Stonex Group, Inc. *		2,079		201,497
Victory Capital Holdings, Inc., Class A		982		32,740
Virtu Financial, Inc., Class A		4,501		77,732
Virtus Investment Partners, Inc.		853		172,297
Westwood Holdings Group, Inc.		1,157		11,744
WisdomTree, Inc. @		4,286		30,002
				7,893,262
Chemicals — 2.4%
AdvanSix, Inc.		3,198		99,394
Alto Ingredients, Inc. *		5,761		25,464
American Vanguard Corp.		3,554		38,845
Ashland, Inc.		4,253		347,385
Avient Corp.		10,014		353,695
Axalta Coating Systems Ltd. *		16,030		431,207
Balchem Corp.		3,741		464,034
Cabot Corp.		5,463		378,422
Celanese Corp.		823		103,303
Chemours Co. (The)		8,849		248,214
Core Molding Technologies, Inc. *		1,500		42,735
Eastman Chemical Co.		2,334		179,064
Ecovyst, Inc. *		5,086		50,046
Element Solutions, Inc.		21,963		430,694
FMC Corp.		2,021		135,346
H.B. Fuller Co.		6,101		418,590
Hawkins, Inc.		2,648		155,835
Huntsman Corp.		12,047		293,947
Ingevity Corp. *		2,015		95,934
Innospec, Inc.		2,704		276,349
Intrepid Potash, Inc. *		750		18,870
Koppers Holdings, Inc.		2,308		91,281
Kronos Worldwide, Inc.		2,278		17,655
Livent Corp. *@		7,893		145,310
LSB Industries, Inc. *		3,802		38,894
Mativ Holdings, Inc.		6,136		87,499
Minerals Technologies, Inc.		3,081		168,716
Mosaic Co. (The)		5,447		193,913
NewMarket Corp.		504		229,340
Olin Corp.		3,715		185,676

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Chemicals (Continued)
Orion SA		3,504	$	74,565
Quaker Chemical Corp.		784		125,440
RPM International, Inc.		3,644		345,488
Sensient Technologies Corp.		4,568		267,137
Stepan Co.		2,418		181,277
Tronox Holdings PLC		1,464		19,676
				6,759,240
Commercial Banks — 8.3%
1st Source Corp.		2,546		107,161
Amalgamated Financial Corp.		477		8,214
Amerant Bancorp, Inc.		661		11,528
American National Bankshares, Inc.		1,508		57,213
Ameris Bancorp		7,199		276,370
AmeriServ Financial, Inc.		4,400		11,660
Arrow Financial Corp.		2,279		38,795
Associated Banc-Corp.		15,878		271,673
Atlantic Union Bankshares Corp.		6,981		200,913
Axos Financial, Inc. *		7,155		270,888
Banc of California, Inc.		5,994		74,206
Bancfirst Corp.		3,303		286,469
Bancorp, Inc. (The) *		6,121		211,174
Bank of Hawaii Corp. @		3,456		171,729
Bank of Marin Bancorp		1,580		28,882
Bank OZK		4,569		169,373
BankUnited, Inc.		3,310		75,137
Bankwell Financial Group, Inc.		326		7,912
Banner Corp.		3,355		142,185
Bar Harbor Bankshares		2,089		49,363
BCB Bancorp, Inc.		878		9,781
Berkshire Hills Bancorp, Inc.		4,455		89,323
BOK Financial Corp.		5,182		414,456
Bridgewater Bancshares, Inc. *		700		6,636
Brookline Bancorp, Inc.		7,431		67,696
Business First Bancshares, Inc.		553		10,374
Byline Bancorp, Inc.		1,299		25,603
C&F Financial Corp.		466		24,978
Cadence Bank		15,454		327,934
Camden National Corp.		1,756		49,554
Capital City Bank Group, Inc.		1,890		56,379
Capitol Federal Financial, Inc.		9,589		45,740
Carter Bankshares, Inc. *		711		8,909
Cathay General Bancorp		7,259		252,323
Central Pacific Financial Corp.		3,116		51,975
Central Valley Community Bancorp		1,638		23,112
Citizens & Northern Corp.		852		14,953
Citizens Community Bancorp, Inc.		400		3,840
Citizens Financial Group, Inc.		2,211		59,255
City Holding Co.		1,686		152,330
Civista Bancshares, Inc.		270		4,185
CNB Financial Corp.		2,264		41,001
Coastal Financial Corp. *		555		23,815
Columbia Banking System, Inc.		8,311		168,713
Columbia Financial, Inc. *@		2,819		44,286
Comerica, Inc.		7,707		320,226
Commerce Bancshares, Inc.		8,574		411,380
Community Bank System, Inc.		4,718		199,147
Community Trust Bancorp, Inc.		2,206		75,578
Connectone Bancorp, Inc.		4,989		88,954
Cullen/Frost Bankers, Inc.		3,828		349,152
Customers Bancorp, Inc. *		4,720		162,604
CVB Financial Corp.		13,166		218,161
Dime Community Bancshares, Inc.		4,460		89,022

	SHARES		VALUE†
Eagle Bancorp, Inc.		2,951	$	63,299
East West Bancorp, Inc.		9,740		513,395
Enterprise Bancorp, Inc.		331		9,063
Enterprise Financial Services Corp.		2,901		108,787
Equity Bancshares, Inc., Class A		1,470		35,383
Esquire Financial Holdings, Inc.		569		25,998
ESSA Bancorp, Inc.		1,900		28,519
Farmers & Merchants Bancorp, Inc. @		1,205		21,124
Farmers National Banc Corp.		3,991		46,136
FB Financial Corp.		3,274		92,851
Financial Institutions, Inc.		1,855		31,220
First Bancorp		22,023		296,430
First Bancorp, Inc. (The)		1,876		44,086
First Bancorp/Southern Pines NC		3,381		95,141
First Bancshares, Inc. (The)		1,367		36,868
First Busey Corp.		5,571		107,075
First Business Financial Services, Inc.		551		16,535
First Citizens Bancshares, Inc., Class A		388		535,479
First Commonwealth Financial Corp.		9,286		113,382
First Community Bankshares, Inc.		1,982		58,370
First Financial Bancorp		8,992		176,243
First Financial Bankshares, Inc.		14,820		372,278
First Financial Corp.		1,395		47,165
First Financial Northwest, Inc.		2,239		28,480
First Foundation, Inc.		4,921		29,920
First Hawaiian, Inc.		1,200		21,660
First Horizon Corp.		34,054		375,275
First Internet Bancorp		1,284		20,814
First Interstate Bancsystem, Inc., Class A		5,123		127,768
First Merchants Corp.		5,621		156,376
First Mid Bancshares, Inc.		500		13,280
First of Long Island Corp. (The)		2,295		26,415
Flushing Financial Corp.		3,899		51,194
FNB Corp.		22,576		243,595
FS Bancorp, Inc.		962		28,379
Fulton Financial Corp.		15,678		189,861
German American Bancorp, Inc.		3,217		87,148
Glacier Bancorp, Inc.		11,842		337,497
Great Southern Bancorp, Inc.		1,501		71,928
Hancock Whitney Corp.		6,503		240,546
Hanmi Financial Corp.		3,586		58,201
Harborone Bancorp, Inc.		6,045		57,548
Heartland Financial USA, Inc.		4,558		134,142
Heritage Commerce Corp.		6,526		55,275
Heritage Financial Corp.		4,162		67,882
Hilltop Holdings, Inc.		6,988		198,180
Hingham Institution For Savings (The) @		236		44,073
Home Bancorp, Inc.		994		31,679
Home Bancshares, Inc.		13,006		272,346
HomeStreet, Inc.		2,447		19,062
HomeTrust Bancshares, Inc.		2,255		48,866
Hope Bancorp, Inc.		11,541		102,138
Horizon Bancorp, Inc.		3,103		33,140
Independent Bank Corp.		5,005		245,695
Independent Bank Corp.		600		11,004
Independent Bank Group, Inc.		2,187		86,496
International Bancshares Corp.		5,903		255,836
Kearny Financial Corp.		7,750		53,707
KeyCorp		5,254		56,533
Lakeland Bancorp, Inc.		5,547		70,003
Lakeland Financial Corp.		3,146		149,309
Live Oak Bancshares, Inc.		847		24,521
Macatawa Bank Corp.		5,141		46,063
Mercantile Bank Corp.		1,601		49,487
Metropolitan Bank Holding Corp. *		321		11,646

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Commercial Banks (Continued)
Midland States Bancorp, Inc.		1,086	$	22,306
MidWestOne Financial Group, Inc.		613		12,462
National Bank Holdings Corp., Class A		3,376		100,470
NBT Bancorp, Inc.		4,206		133,288
New York Community Bancorp, Inc.		49,763		564,312
Nicolet Bankshares, Inc.		1,020		71,176
Northeast Bank		896		39,514
Northfield Bancorp, Inc.		5,020		47,439
Northrim Bancorp, Inc.		836		33,122
Northwest Bancshares, Inc.		12,344		126,279
OceanFirst Financial Corp.		5,639		81,596
OFG Bancorp		5,852		174,741
Old National Bancorp		28,203		410,072
Old Second Bancorp, Inc.		2,244		30,541
Origin Bancorp, Inc.		1,342		38,744
Pacific Premier Bancorp, Inc.		6,941		151,036
Park National Corp.		1,732		163,709
Pathward Financial, Inc.		3,897		179,613
Peapack Gladstone Financial Corp.		1,992		51,095
Penns Woods Bancorp, Inc.		1,138		23,989
Peoples Bancorp, Inc.		3,204		81,317
Pinnacle Financial Partners, Inc.		3,365		225,590
Popular, Inc.		7,138		449,765
Preferred Bank		1,561		97,172
Premier Financial Corp.		4,193		71,533
Primis Financial Corp.		2,721		22,176
Prosperity Bancshares, Inc.		7,853		428,617
Provident Financial Holdings, Inc.		1,124		14,713
Provident Financial Services, Inc.		7,592		116,082
QCR Holdings, Inc.		1,914		92,867
Renasant Corp.		5,355		140,247
Republic Bancorp, Inc., Class A		1,997		87,968
Riverview Bancorp, Inc.		2,557		14,217
S&T Bancorp, Inc.		3,996		108,212
Sandy Spring Bancorp, Inc.		2,943		63,068
Seacoast Banking Corp. of Florida		5,003		109,866
ServisFirst Bancshares, Inc.		5,630		293,717
Sierra Bancorp		2,000		37,920
Simmons First National Corp., Class A		10,791		183,015
South State Corp.		7,217		486,137
Southern First Bancshares, Inc. *		923		24,866
Southern Missouri Bancorp, Inc.		686		26,541
Southside Bancshares, Inc.		3,368		96,662
Stellar Bancorp, Inc.		3,386		72,189
Stock Yards Bancorp, Inc.		2,936		115,355
Summit Financial Group, Inc.		392		8,836
Synovus Financial Corp.		7,875		218,925
Territorial Bancorp, Inc.		1,557		14,153
Texas Capital Bancshares, Inc. *		3,132		184,475
Timberland Bancorp, Inc.		921		24,959
Tompkins Financial Corp.		1,559		76,375
Towne Bank		5,809		133,200
Trico Bancshares		2,959		94,777
Triumph Bancorp, Inc. *		2,441		158,152
TrustCo Bank Corp.		2,134		58,237
Trustmark Corp.		5,770		125,382
UMB Financial Corp.		4,960		307,768
United Bankshares, Inc.		12,088		333,508
United Community Banks, Inc.		8,563		217,586

	SHARES		VALUE†
Univest Financial Corp		3,363	$	58,449
Valley National Bancorp		37,407		320,204
Veritex Holdings, Inc.		3,570		64,081
Washington Federal, Inc.		6,377		163,379
Washington Trust Bancorp, Inc.		2,001		52,686
Webster Financial Corp.		11,093		447,159
WesBanco, Inc.		6,661		162,662
West Bancorp, Inc.		1,763		28,755
Westamerica Bancorp		2,658		114,958
Western Alliance Bancorp		5,446		250,353
Western New England Bancorp, Inc.		3,161		20,515
Wintrust Financial Corp.		4,936		372,668
WSFS Financial Corp.		6,445		235,242
Zions Bancorp NA		10,151		354,168
				23,986,943
Commercial Services & Supplies — 1.8%
ABM Industries, Inc.		6,300		252,063
ACCO Brands Corp.		6,694		38,424
Brady Corp., Class A		4,578		251,424
Brink’s Co. (The)		4,524		328,623
Casella Waste Systems, Inc., Class A *		6,377		486,565
Ceco Environmental Corp. *		4,211		67,250
Cimpress PLC *		1,426		99,834
Clean Harbors, Inc. *		4,977		832,951
Deluxe Corp.		4,032		76,165
Driven Brands Holdings, Inc. *		1,606		20,220
Ennis, Inc.		3,110		65,994
HNI Corp.		4,225		146,312
Interface, Inc.		5,834		57,232
Liquidity Services, Inc. *		4,207		74,127
Matthews International Corp., Class A		3,151		122,605
MillerKnoll, Inc.		3,785		92,543
MSA Safety, Inc.		4,031		635,487
NL Industries, Inc.		4,571		21,712
OPENLANE, Inc. *		2,720		40,582
SP Plus Corp. *		2,260		81,586
Steelcase, Inc., Class A		11,344		126,713
Stericycle, Inc. *		4,277		191,225
Tetra Tech, Inc.		5,049		767,599
UniFirst Corp.		1,530		249,405
Virco Manufacturing Corp. *		2,494		19,802
VSE Corp.		1,412		71,221
				5,217,664
Communications Equipment — 1.2%
BK Technologies Corp.		400		4,970
Calix, Inc. *		3,366		154,297
Cambium Networks Corp. *		2,226		16,317
Ciena Corp. *		15,659		740,044
Clearfield, Inc. *@		2,380		68,211
Comtech Telecommunications Corp.		3,207		28,061
Digi International, Inc. *		3,397		91,719
Extreme Networks, Inc. *		7,358		178,137
F5, Inc. *		3,709		597,668
Harmonic, Inc. *		10,330		99,478
Infinera Corp. *@		5,375		22,468
Juniper Networks, Inc.		19,819		550,770
KVH Industries, Inc. *		2,387		12,174
Lantronix, Inc. *		1,100		4,895
Lumentum Holdings, Inc. *		4,956		223,912
NETGEAR, Inc. *		3,539		44,556

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Communications Equipment (Continued)
NetScout Systems, Inc. *		8,182	$	229,260
Optical Cable Corp. *		374		1,118
PC-Tel, Inc.		2,629		10,937
Viasat, Inc. *@		5,325		98,299
Viavi Solutions, Inc. *		21,651		197,890
				3,375,181
Computers & Peripherals — 0.6%
AstroNova, Inc. *		1,572		19,650
Pure Storage, Inc., Class A *		16,618		591,933
Seagate Technology Holdings PLC		1,159		76,436
Stratasys Ltd. *		3,784		51,501
Super Micro Computer, Inc. *		2,778		761,783
Western Digital Corp. *		4,443		202,734
Xerox Holdings Corp.		7,158		112,309
				1,816,346
Construction & Engineering — 2.0%
AECOM		2,553		212,001
Ameresco, Inc., Class A *@		4,050		156,168
Arcosa, Inc.		1,853		133,231
Comfort Systems USA, Inc.		3,764		641,423
Dycom Industries, Inc. *		3,420		304,380
EMCOR Group, Inc.		4,190		881,534
Fluor Corp. *		6,585		241,670
Granite Construction, Inc.		4,358		165,691
Great Lakes Dredge & Dock Corp. *		7,436		59,265
IES Holdings, Inc. *		2,277		149,986
MasTec, Inc. *		6,602		475,146
Matrix Service Co. *		4,086		48,215
MDU Resources Group, Inc.		11,285		220,960
MYR Group, Inc. *		1,935		260,761
Northwest Pipe Co. *		1,211		36,536
Primoris Services Corp.		5,218		170,785
Sterling Infrastructure, Inc. *		3,492		256,592
Tutor Perini Corp. *		3,153		24,688
Valmont Industries, Inc.		1,958		470,331
WillScot Mobile Mini Holdings Corp. *		18,315		761,721
				5,671,084
Construction Materials — 0.2%
Eagle Materials, Inc.		1,439		239,622
Knife River Corp. *		2,821		137,749
Summit Materials, Inc., Class A *		5,504		171,395
United States Lime & Minerals, Inc.		846		170,046
				718,812
Consumer Finance — 1.1%
Ally Financial, Inc.		4,726		126,090
Atlanticus Holdings Corp. *		2,267		68,713
Bread Financial Holdings, Inc.		856		29,275
Consumer Portfolio Services, Inc. *		4,988		45,241
Credit Acceptance Corp. *		760		349,691
Encore Capital Group, Inc. *		3,391		161,954
Enova International, Inc. *		3,876		197,172
Ezcorp, Inc., Class A *		5,994		49,450
FirstCash Holdings, Inc.		4,847		486,542
Green Dot Corp., Class A *		4,505		62,755
LendingClub Corp. *		1,512		9,223
LendingTree, Inc. *		900		13,950
Navient Corp.		16,243		279,704
Nelnet, Inc., Class A		3,245		289,843
OneMain Holdings, Inc.		7,656		306,929
PRA Group, Inc. *		5,417		104,061
PROG Holdings, Inc. *		6,028		200,190

	SHARES		VALUE†
Regional Management Corp.		1,467	$	40,607
SLM Corp.		14,278		194,466
Synchrony Financial		1,196		36,562
World Acceptance Corp. *@		977		124,138
				3,176,556
Consumer Staples Distribution & Retail — 1.3%
Albertsons Cos., Inc., Class A		2,354		53,554
Andersons, Inc. (The)		4,055		208,873
BJ’s Wholesale Club Holdings, Inc. *		4,618		329,587
Casey’s General Stores, Inc.		2,455		666,582
Chefs’ Warehouse Inc. (The) *		4,636		98,190
Grocery Outlet Holding Corp. *		2,734		78,876
Ingles Markets, Inc., Class A		1,973		148,626
Natural Grocers by Vitamin Cottage, Inc.		2,710		34,986
Performance Food Group Co. *		9,263		545,220
PriceSmart, Inc.		3,201		238,250
SpartanNash Co.		4,477		98,494
Sprouts Farmers Market, Inc. *		7,149		305,977
U.S. Foods Holding Corp. *		13,615		540,516
United Natural Foods, Inc. *		3,519		49,759
Village Super Market, Inc., Class A		1,435		32,488
Weis Markets, Inc.		2,943		185,409
				3,615,387
Containers & Packaging — 1.5%
AptarGroup, Inc.		5,666		708,477
Berry Global Group, Inc.		9,609		594,893
Crown Holdings, Inc.		2,385		211,025
Graphic Packaging Holding Co.		8,918		198,693
Greif, Inc., Class A		2,553		170,566
Greif, Inc., Class B		1,193		79,406
International Paper Co.		6,483		229,952
Myers Industries, Inc.		4,361		78,193
O-I Glass, Inc. *		8,143		136,232
Packaging Corp. of America		258		39,616
Pactiv Evergreen, Inc.		8,108		65,918
Sealed Air Corp.		10,816		355,414
Silgan Holdings, Inc.		12,267		528,830
Sonoco Products Co.		6,744		366,536
Trimas Corp.		5,102		126,326
WestRock Co.		8,525		305,195
				4,195,272
Distributors — 0.0%
Weyco Group, Inc.		1,043		26,440
Diversified Consumer Services — 1.0%
Adtalem Global Education, Inc. *		5,008		214,593
American Public Education, Inc. *		1,928		9,601
Bright Horizons Family Solutions, Inc. *		1,895		154,367
Carriage Services, Inc.		2,984		84,298
Chegg, Inc. *		3,873		34,547
Duolingo, Inc. *		133		22,061
European Wax Center, Inc., Class A *@		583		9,445
Frontdoor, Inc. *		4,679		143,131
Graham Holdings Co., Class B		462		269,346
Grand Canyon Education, Inc. *		3,776		441,339
H&R Block, Inc.		11,646		501,477
Laureate Education, Inc.		3,916		55,216
OneSpaWorld Holdings Ltd. *		2,259		25,346
Perdoceo Education Corp.		6,976		119,289
Service Corp. International		7,334		419,065
Strategic Education, Inc.		2,650		199,412
Stride, Inc. *		4,184		188,405
				2,890,938

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Diversified Telecommunication Services — 0.3%
Anterix, Inc. *		1,066	$	33,451
ATN International, Inc.		2,105		66,434
Bandwidth, Inc., Class A *		766		8,633
Cogent Communications Holdings, Inc.		5,536		342,678
Costa Communications, Inc. CVR @*§¶		354		1,115
EchoStar Corp., Class A *		1,286		21,541
IDT Corp., Class B *		2,980		65,709
Iridium Communications, Inc.		4,335		197,199
Liberty Latin America Ltd., Class A *		1,600		13,056
Liberty Latin America Ltd., Class C *		12,050		98,328
Ooma, Inc. *		1,297		16,874
				865,018
Electric Utilities — 1.3%
Allete, Inc.		6,498		343,094
Alliant Energy Corp.		5,601		271,369
Evergy, Inc.		4,456		225,919
Genie Energy Ltd., Class B		3,300		48,609
Hawaiian Electric Industries, Inc.		5,722		70,438
IDACORP, Inc.		2,837		265,685
MGE Energy, Inc.		3,771		258,351
NRG Energy, Inc.		14,356		552,993
OGE Energy Corp.		10,049		334,933
Otter Tail Corp.		4,597		349,004
Pinnacle West Capital Corp.		5,960		439,133
PNM Resources, Inc.		10,204		455,201
Portland General Electric Co.		5,648		228,631
				3,843,360
Electrical Equipment — 1.3%
Acuity Brands, Inc.		2,347		399,718
Allient, Inc.		1,626		50,276
Atkore, Inc. *		4,143		618,094
Encore Wire Corp.		1,946		355,067
EnerSys		4,499		425,920
LSI Industries, Inc.		3,137		49,816
nVent Electric PLC		2,150		113,929
Plug Power, Inc. *@		1,062		8,071
Powell Industries, Inc.		1,380		114,402
Preformed Line Products Co.		539		87,631
Regal Rexnord Corp.		6,071		867,424
Sensata Technologies Holding PLC		10,094		381,755
Sunrun, Inc. *@		6,232		78,274
Thermon Group Holdings, Inc. *		3,577		98,260
Vicor Corp. *		3,445		202,876
				3,851,513
Electronic Equipment, Instruments & Components — 3.8%
Advanced Energy Industries, Inc.		4,145		427,432
Arrow Electronics, Inc. *		6,310		790,264
Avnet, Inc.		8,026		386,773
Badger Meter, Inc.		3,368		484,554
Bel Fuse, Inc., Class B		1,421		67,810
Belden, Inc.		4,896		472,709
Benchmark Electronics, Inc.		4,604		111,693
Climb Global Solutions, Inc.		315		13,548
Cognex Corp.		5,365		227,691
Crane NXT Co.		3,089		171,656
CTS Corp.		3,954		165,040
ePlus, Inc. *		3,312		210,378

	SHARES		VALUE†
Fabrinet *		4,275	$	712,300
FARO Technologies, Inc. *		2,298		34,999
Flex Ltd. *		22,671		611,664
Identiv, Inc. *		927		7,824
Insight Enterprises, Inc. *		3,841		558,865
IPG Photonics Corp. *		1,782		180,944
Itron, Inc. *		4,157		251,831
Jabil, Inc.		3,611		458,200
Key Tronic Corp. *		1,700		7,599
Kimball Electronics, Inc. *		2,987		81,784
Knowles Corp. *		4,224		62,557
Littelfuse, Inc.		1,865		461,252
Methode Electronics, Inc.		4,122		94,188
NAPCO Security Technologies, Inc.		5,355		119,149
National Instruments Corp.		7,611		453,768
nLight, Inc. *		1,098		11,419
Novanta, Inc. *		4,111		589,682
OSI Systems, Inc. *		1,764		208,223
PC Connection, Inc.		2,926		156,190
Plexus Corp. *		3,061		284,612
Richardson Electronics Ltd.		1,505		16,450
Rogers Corp. *		2,017		265,175
Sanmina Corp. *		6,551		355,588
Scansource, Inc. *		2,807		85,080
TD SYNNEX Corp.		3,515		351,008
Trimble, Inc. *		2,120		114,183
TTM Technologies, Inc. *		10,405		134,016
Vishay Intertechnology, Inc.		11,850		292,932
Vishay Precision Group, Inc. *		1,694		56,885
Vontier Corp.		8,347		258,089
Zebra Technologies Corp., Class A *		668		158,002
				10,964,006
Energy Equipment & Services — 1.6%
Archrock, Inc.		12,231		154,111
Bristow Group, Inc. *		1,579		44,480
Cactus, Inc., Class A		3,486		175,032
ChampionX Corp.		9,876		351,783
Core Laboratories, Inc.		998		23,962
Dril-Quip, Inc. *		2,081		58,622
Expro Group Holdings NV *		837		19,444
Helix Energy Solutions Group, Inc. *		8,345		93,214
Helmerich & Payne, Inc.		5,854		246,805
Liberty Energy, Inc.		11,763		217,851
Nabors Industries Ltd. *		539		66,372
Natural Gas Services Group, Inc. *		2,179		31,726
Newpark Resources, Inc. *		5,904		40,797
Noble Corp. PLC		2,483		125,764
NOV, Inc.		23,731		495,978
Oceaneering International, Inc. *		1,554		39,969
Oil States International, Inc. *		3,584		29,998
Patterson-UTI Energy, Inc.		23,265		321,988
ProPetro Holding Corp. *		4,527		48,122
RPC, Inc.		11,642		104,079
SEACOR Marine Holdings, Inc. *		3,233		44,874
Select Water Solutions, Inc.		3,073		24,430
Solaris Oilfield Infrastructure, Inc., Class A		1,000		10,660
TechnipFMC PLC		23,392		475,793
Tetra Technologies, Inc. *		8,698		55,493
Tidewater, Inc. *		2,915		207,169
Transocean Ltd. *		43,549		357,537

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Energy Equipment & Services (Continued)
U.S. Silica Holdings, Inc. *		5,267	$	73,949
Valaris Ltd. *		1,881		141,037
Weatherford International PLC *		4,378		395,465
				4,476,504
Entertainment — 0.4%
Atlanta Braves Holdings, Inc., Class A *		934		36,491
Atlanta Braves Holdings, Inc., Class C *		2,620		93,613
Cinemark Holdings, Inc. *		7,484		137,331
Endeavor Group Holdings, Inc., Class A		5,025		99,998
IMAX Corp. *		4,117		79,540
Liberty Media Corp.-Liberty Live, Class A *		650		20,748
Liberty Media Corp.-Liberty Live, Class C *		836		26,836
Lions Gate Entertainment Corp., Class A *		3,637		30,842
Lions Gate Entertainment Corp., Class B *		6,300		49,581
Madison Square Garden Entertainment Corp. *		432		14,217
Madison Square Garden Sports Corp.		404		71,225
Marcus Corp. (The) @		3,100		48,050
Playtika Holding Corp. *		7,992		76,963
Roku, Inc. *		2,092		147,674
Sphere Entertainment Co. *		432		16,053
TKO Group Holdings, Inc.		2,566		215,698
				1,164,860
Financial Services — 1.6%
A-Mark Precious Metals, Inc.		2,332		68,397
Acacia Research Corp. *		1,995		7,282
Alerus Financial Corp.		466		8,472
AvidXchange Holdings, Inc. *		1,863		17,661
BM Technologies, Inc. *		823		1,646
Cannae Holdings, Inc. *		3,244		60,468
Cantaloupe, Inc. *		3,505		21,906
Cass Information Systems, Inc.		1,788		66,603
Equitable Holdings, Inc.		3,817		108,365
Essent Group Ltd.		4,642		219,520
Euronet Worldwide, Inc. *		2,511		199,323
EVERTEC, Inc.		4,311		160,283
Federal Agricultural Mortgage Corp., Class C		1,215		187,474
Flywire Corp. *		4,301		137,159
I3 Verticals, Inc., Class A *		1,470		31,076
International Money Express, Inc. *		1,977		33,471
Jack Henry & Associates, Inc.		1,543		233,209
Jackson Financial, Inc., Class A		1,992		76,134
Marqeta, Inc., Class A *		3,982		23,812
MGIC Investment Corp.		11,104		185,326
Mr Cooper Group, Inc. *		4,998		267,693
NMI Holdings, Inc., Class A *		7,878		213,415
PennyMac Financial Services, Inc.		1,706		113,620
Radian Group, Inc.		7,144		179,386
Shift4 Payments, Inc., Class A *		2,548		141,083
TFS Financial Corp.		3,750		44,325
Toast, Inc., Class A *@		7,473		139,969
Voya Financial, Inc.		9,648		641,109
Walker & Dunlop, Inc.		4,099		304,310
Waterstone Financial, Inc.		2,966		32,478
Western Union Co. (The)		12,000		158,160
WEX, Inc. *		2,575		484,332
				4,567,467
Food Products — 1.6%
Alico, Inc. @		713		17,796
B&G Foods, Inc.		8,145		80,554

	SHARES		VALUE†
Cal-Maine Foods, Inc.		5,021	$	243,117
Calavo Growers, Inc.		2,189		55,228
Campbell Soup Co.		2,599		106,767
Darling Ingredients, Inc. *		13,438		701,464
Flowers Foods, Inc.		10,685		236,993
Fresh Del Monte Produce, Inc.		5,010		129,458
Freshpet, Inc. *		870		57,316
Hain Celestial Group, Inc. (The) *		2,490		25,821
Hostess Brands, Inc. *		4,664		155,358
Ingredion, Inc.		3,754		369,394
J&J Snack Foods Corp.		2,148		351,520
J.M. Smucker Co. (The)		627		77,065
John B. Sanfilippo & Son, Inc.		1,112		109,866
Lancaster Colony Corp.		2,908		479,907
Lifeway Foods, Inc. *		1,756		18,157
Limoneira Co.		2,072		31,743
Mission Produce, Inc. *		1,256		12,158
Pilgrim’s Pride Corp. *		5,624		128,396
Post Holdings, Inc. *		4,776		409,494
Seaboard Corp.		42		157,626
Seneca Foods Corp., Class A *		800		43,064
Simply Good Foods Co. (The) *		4,321		149,161
Tootsie Roll Industries, Inc.		5,148		153,719
TreeHouse Foods, Inc. *		3,458		150,700
Utz Brands, Inc.		1,291		17,338
Vital Farms, Inc. *		2,774		32,123
				4,501,303
Gas Utilities — 0.7%
Chesapeake Utilities Corp.		2,106		205,861
National Fuel Gas Co.		4,000		207,640
New Jersey Resources Corp.		9,687		393,583
Northwest Natural Holding Co.		3,354		127,989
ONE Gas, Inc.		5,011		342,151
RGC Resources, Inc.		600		10,380
Southwest Gas Holdings, Inc.		4,019		242,788
Spire, Inc.		4,808		272,036
UGI Corp.		10,146		233,358
				2,035,786
Ground Transportation — 1.3%
ArcBest Corp.		2,227		226,374
Covenant Logistics Group, Inc.		1,259		55,207
Heartland Express, Inc.		8,017		117,770
Knight-Swift Transportation Holdings, Inc.		10,458		524,469
Landstar System, Inc.		2,867		507,287
Marten Transport Ltd.		7,902		155,748
P.A.M. Transportation Services, Inc. *		3,109		66,999
RXO, Inc. *		1,530		30,187
Saia, Inc. *		2,389		952,375
Schneider National, Inc., Class B		1,500		41,535
U-Haul Holding Co. *@		1,058		57,735
U-Haul Holding Co.		9,522		498,858
Universal Logistics Holdings, Inc.		2,551		64,234
Werner Enterprises, Inc.		6,118		238,296
XPO, Inc. *		1,530		114,230
				3,651,304
Health Care — 0.0%
Aduro Biotech, Inc. CVR *§¶		237		623
Health Care Equipment & Supplies — 2.3%
Achillion Pharmaceuticals, Inc. CVR @*¶§		23,152		—
Angiodynamics, Inc. *		2,110		15,424
Artivion, Inc. *		5,028		76,224
AtriCure, Inc. *		3,325		145,635
Atrion Corp.		201		83,047

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Health Care Equipment & Supplies (Continued)
Avanos Medical, Inc. *		4,019	$	81,264
Axogen, Inc. *		2,643		13,215
Axonics, Inc. *		2,988		167,687
CONMED Corp.		2,255		227,417
Dentsply Sirona, Inc.		8,717		297,773
Electromed, Inc. *		2,175		22,598
Embecta Corp.		4,112		61,886
Enovis Corp. *		3,400		179,282
Envista Holdings Corp. *		10,803		301,188
Fonar Corp. *		1,282		19,743
Glaukos Corp. *		3,346		251,786
Globus Medical, Inc., Class A *		9,679		480,562
Haemonetics Corp. *		5,164		462,591
Inari Medical, Inc. *		518		33,877
Integer Holdings Corp. *		3,152		247,211
Integra LifeSciences Holdings Corp. *		6,371		243,308
iRadimed Corp.		704		31,236
Lantheus Holdings, Inc. *		3,768		261,801
LeMaitre Vascular, Inc.		2,735		149,003
LENSAR, Inc. *		1,385		4,280
LivaNova PLC *		3,953		209,035
Masimo Corp. *		1,950		170,976
Merit Medical Systems, Inc. *		5,761		397,624
Neogen Corp. *		10,822		200,640
Omnicell, Inc. *		4,593		206,869
OraSure Technologies, Inc. *		9,521		56,459
Orthofix Medical, Inc. *		1,791		23,032
OrthoPediatrics Corp. *		1,252		40,064
Penumbra, Inc. *		2,476		598,969
Pulmonx Corp. *		667		6,890
QuidelOrtho Corp. *		446		32,576
Semler Scientific, Inc. *		300		7,611
Shockwave Medical, Inc. *		2,116		421,296
STAAR Surgical Co. *		1,276		51,270
SurModics, Inc. *		1,788		57,377
Tactile Systems Technology, Inc. *		1,239		17,408
Teleflex, Inc.		723		142,004
TransMedics Group, Inc. *		72		3,942
UFP Technologies, Inc. *		913		147,404
Utah Medical Products, Inc.		630		54,180
Varex Imaging Corp. *		578		10,861
				6,714,525
Health Care Providers & Services — 3.3%
Acadia Healthcare Co., Inc. *		8,805		619,080
Addus HomeCare Corp. *		1,872		159,476
Agiliti, Inc. *		3,373		21,891
agilon health, Inc. *@		7,031		124,871
Albireo Pharma, Inc. CVR *§¶		1,018		821
Amedisys, Inc. *		3,653		341,190
AMN Healthcare Services, Inc. *		4,751		404,690
Apollo Medical Holdings, Inc. *@		3,529		108,870
Brookdale Senior Living, Inc. *		7,211		29,854
Castle Biosciences, Inc. *		1,302		21,991
Chemed Corp.		1,565		813,330
Contra Abiomed, Inc. CVR *¶§		90		1,054
Corvel Corp. *		2,293		450,918
Cross Country Healthcare, Inc. *		5,512		136,642
DaVita, Inc. *		8,508		804,261

	SHARES		VALUE†
Encompass Health Corp.		6,968	$	467,971
Enhabit, Inc. *		3,708		41,715
Ensign Group, Inc. (The)		6,774		629,508
Fulgent Genetics, Inc. *		2,336		62,465
HealthEquity, Inc. *		5,161		377,011
Henry Schein, Inc. *		10,880		807,840
Joint Corp. (The) *		1,577		14,177
ModivCare, Inc. *		1,383		43,578
National Healthcare Corp.		1,582		101,216
National Research Corp.		2,987		132,533
NeoGenomics, Inc. *		5,114		62,902
Option Care Health, Inc. *		7,998		258,735
Owens & Minor, Inc. *		3,716		60,051
Patterson Cos., Inc.		6,230		184,657
Pediatrix Medical Group, Inc. *		3,540		44,993
Pennant Group, Inc. (The) *		3,997		44,487
Premier, Inc., Class A		6,565		141,148
RadNet, Inc. *		5,402		152,282
Select Medical Holdings Corp.		12,138		306,727
Surgery Partners, Inc. *@		1,984		58,032
Tenet Healthcare Corp. *		11,198		737,836
U.S. Physical Therapy, Inc.		1,511		138,604
Universal Health Services, Inc., Class B		3,730		468,973
				9,376,380
Health Care Technology — 0.3%
American Well Corp., Class A *		12,361		14,462
Certara, Inc. *		6,275		91,239
Computer Programs & Systems, Inc. *		1,636		26,078
Doximity, Inc., Class A *		2,443		51,840
Evolent Health, Inc., Class A *		5,196		141,487
HealthStream, Inc.		3,803		82,069
NextGen Healthcare, Inc. *		6,391		151,658
Phreesia, Inc. *		2,105		39,321
Schrodinger, Inc. *		4,061		114,805
Simulations Plus, Inc.		1,668		69,556
Teladoc Health, Inc. *		2,607		48,464
Veradigm, Inc. *		13,264		174,289
				1,005,268
Hotels, Restaurants & Leisure — 3.3%
Aramark		20,945		726,791
Bally’s Corp. *		797		10,449
Biglari Holdings, Inc., Class A *		7		5,747
Biglari Holdings, Inc., Class B *		74		12,284
BJ’s Restaurants, Inc. *		2,751		64,538
Bloomin’ Brands, Inc.		8,154		200,507
Boyd Gaming Corp.		2,637		160,409
Brinker International, Inc. *		5,679		179,400
Caesars Entertainment, Inc. *		2,783		128,992
Carnival Corp. *		4,641		63,675
Cheesecake Factory, Inc. (The) @		5,035		152,560
Choice Hotels International, Inc. @		5,548		679,685
Churchill Downs, Inc.		7,622		884,457
Chuy’s Holdings, Inc. *		1,904		67,744
Cracker Barrel Old Country Store, Inc. @		2,324		156,173
Dave & Buster’s Entertainment, Inc. *		4,530		167,927
Denny’s Corp. *		4,694		39,758
Dine Brands Global, Inc.		1,002		49,549
Domino’s Pizza, Inc.		366		138,637
DraftKings, Inc., Class A *		5,412		159,329
El Pollo Loco Holdings, Inc.		4,284		38,342

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Hotels, Restaurants & Leisure (Continued)
Everi Holdings, Inc. *		4,400	$	58,168
Hyatt Hotels Corp., Class A		811		86,031
Inspired Entertainment, Inc. *		1,305		15,608
International Game Technology PLC		969		29,380
Jack in the Box, Inc.		2,692		185,909
Kura Sushi USA, Inc., Class A *@		365		24,134
Light & Wonder, Inc. *		1,500		106,995
Marriott Vacations Worldwide Corp.		4,328		435,527
Monarch Casino & Resort, Inc.		1,490		92,529
Nathan’s Famous, Inc.		794		56,104
Norwegian Cruise Line Holdings Ltd. *@		4,482		73,863
Papa John’s International, Inc.		4,033		275,131
Penn Entertainment, Inc. *		5,194		119,202
Planet Fitness, Inc., Class A *		8,887		437,063
SeaWorld Entertainment, Inc. *		4,795		221,769
Shake Shack, Inc., Class A *		2,266		131,587
Six Flags Entertainment Corp. *		3,483		81,885
Texas Roadhouse, Inc.		6,983		671,066
Travel + Leisure Co.		5,666		208,112
Vail Resorts, Inc.		2,071		459,534
Wendy’s Co. (The)		22,109		451,245
Wingstop, Inc.		1,665		299,434
Wyndham Hotels & Resorts, Inc.		5,481		381,149
Wynn Resorts Ltd.		5,043		466,024
				9,454,402
Household Durables — 2.6%
Bassett Furniture Industries, Inc.		1,080		15,822
Beazer Homes USA, Inc. *		1,643		40,927
Cavco Industries, Inc. *		986		261,941
Century Communities, Inc.		3,674		245,350
Ethan Allen Interiors, Inc.		2,598		77,680
Flexsteel Industries, Inc.		1,069		22,192
GoPro, Inc., Class A *		6,985		21,933
Green Brick Partners, Inc. *		4,024		167,036
Hamilton Beach Brands Holding Co., Class A		2,000		24,820
Helen of Troy Ltd. *		2,629		306,436
Hooker Furnishings Corp.		1,742		33,882
Installed Building Products, Inc.		3,050		380,915
iRobot Corp. *		3,109		117,831
KB Home		7,849		363,252
La-Z-Boy, Inc.		4,321		133,432
Leggett & Platt, Inc.		8,008		203,483
LGI Homes, Inc. *		624		62,082
Lifetime Brands, Inc.		3,200		18,016
Lovesac Co. (The) *		794		15,816
M.D.C. Holdings, Inc.		6,276		258,759
M/I Homes, Inc. *		3,074		258,339
Meritage Homes Corp.		3,491		427,264
Mohawk Industries, Inc. *		3,847		330,111
Newell Brands, Inc.		20,709		187,002
Orleans Homebuilders, Inc. *@§		4,953		—
Skyline Champion Corp. *		2,566		163,506
Sonos, Inc. *		3,418		44,126
Taylor Morrison Home Corp. *		9,778		416,641
Tempur Sealy International, Inc.		18,994		823,200
Toll Brothers, Inc.		10,507		777,098
TopBuild Corp. *		3,486		877,078
TRI Pointe Homes, Inc. *		12,577		343,981
Universal Electronics, Inc. *		1,292		11,693
VOXX International Corp. *		3,284		26,206
				7,457,850

	SHARES		VALUE†
Household Products — 0.3%
Central Garden & Pet Co. *		1,247	$	55,043
Central Garden & Pet Co., Class A *		4,555		182,610
Energizer Holdings, Inc.		3,635		116,465
Spectrum Brands Holdings, Inc.		1,853		145,183
WD-40 Co.		1,589		322,948
				822,249
Independent Power Producers & Energy Traders — 0.7%
AES Corp. (The)		8,066		122,603
Atlantica Sustainable Infrastructure PLC		1,800		34,380
Brookfield Renewable Corp., Class A		2,853		68,301
Clearway Energy, Inc., Class A		3,716		74,023
Clearway Energy, Inc., Class C		9,495		200,914
Ormat Technologies, Inc.		5,451		381,134
Sunnova Energy International, Inc. *@		7,071		74,033
Vistra Corp.		28,253		937,435
				1,892,823
Insurance — 4.0%
Ambac Financial Group, Inc. *		900		10,854
American Equity Investment Life Holding Co. *		10,429		559,412
American Financial Group, Inc.		3,696		412,732
AMERISAFE, Inc.		1,961		98,187
Assurant, Inc.		4,350		624,573
Assured Guaranty Ltd.		4,657		281,842
Axis Capital Holdings Ltd.		4,830		272,267
Brighthouse Financial, Inc. *		5,115		250,328
BRP Group, Inc., Class A *		3,130		72,710
Citizens, Inc. *		6,126		17,459
CNO Financial Group, Inc.		10,476		248,596
Crawford & Co., Class A		5,638		52,659
Crawford & Co., Class B		3,345		28,667
Donegal Group, Inc., Class A		3,630		51,746
Employers Holdings, Inc.		2,665		106,467
Enstar Group Ltd. *		1,195		289,190
Erie Indemnity Co., Class A		451		132,499
Everest Group Ltd.		18		6,690
F&G Annuities & Life, Inc.		877		24,609
Fidelity National Financial, Inc.		11,853		489,529
First American Financial Corp.		7,508		424,127
Genworth Financial, Inc., Class A *		14,918		87,419
Globe Life, Inc.		3,866		420,350
Hanover Insurance Group, Inc. (The)		2,145		238,052
HCI Group, Inc. @		1,239		67,265
Horace Mann Educators Corp.		4,392		129,037
Investors Title Co.		279		41,317
James River Group Holdings Ltd.		829		12,725
Kemper Corp.		5,843		245,581
Kinsale Capital Group, Inc.		808		334,617
Lincoln National Corp.		8,515		210,235
MBIA, Inc. *		6,313		45,517
Mercury General Corp.		3,869		108,448
Old Republic International Corp.		20,327		547,609
Oscar Health, Inc., Class A *		3,732		20,787
Palomar Holdings, Inc. *		1,593		80,845
Primerica, Inc.		4,004		776,816
Reinsurance Group of America, Inc.		3,182		461,995
RenaissanceRe Holdings Ltd.		2,896		573,176
RLI Corp.		5,024		682,711
Safety Insurance Group, Inc.		1,656		112,923
Selective Insurance Group, Inc.		6,118		631,194
Stewart Information Services Corp.		3,069		134,422
Trupanion, Inc. *@		335		9,447
Unico American Corp. *<>		1,700		3

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Insurance (Continued)
United Fire Group, Inc.		2,400	$	47,400
Universal Insurance Holdings, Inc.		4,293		60,188
Unum Group		14,680		722,109
White Mountains Insurance Group Ltd.		170		254,267
				11,511,598
Interactive Media & Services — 0.4%
Bumble, Inc., Class A *		2,172		32,406
Cargurus, Inc. *		1,272		22,286
Cars.com, Inc. *		3,931		66,277
DHI Group, Inc. *		8,881		27,176
Match Group, Inc. *		5,701		223,337
QuinStreet, Inc. *		858		7,696
Shutterstock, Inc.		2,348		89,341
TripAdvisor, Inc. *		6,168		102,266
Yelp, Inc. *		4,724		196,471
Ziff Davis, Inc. *		2,996		190,815
ZoomInfo Technologies, Inc. *		5,496		90,134
				1,048,205
IT Services — 1.0%
Amdocs Ltd.		5,319		449,402
Brightcove, Inc. *		3,324		10,936
Computer Task Group, Inc. *		4,027		41,599
DXC Technology Co. *		11,187		233,025
Fastly, Inc., Class A *		1,787		34,257
Globant SA *		1,874		370,771
GoDaddy, Inc., Class A *		8,025		597,702
Grid Dynamics Holdings, Inc. *		4,703		57,283
Hackett Group, Inc. (The)		4,098		96,672
Information Services Group, Inc.		2,180		9,548
Kyndryl Holdings, Inc. *		2,623		39,607
Okta, Inc. *		3,400		277,134
Perficient, Inc. *		4,381		253,485
PFSweb, Inc.		3,727		27,729
Squarespace, Inc., Class A *		2,445		70,832
Twilio, Inc., Class A *		4,759		278,544
				2,848,526
Leisure Equipment & Products — 0.6%
Acushnet Holdings Corp.		541		28,695
American Outdoor Brands, Inc. *		1,946		19,032
Brunswick Corp.		4,070		321,530
Escalade, Inc.		1,950		29,855
Funko, Inc., Class A *@		1,917		14,665
Hasbro, Inc.		3,807		251,795
Johnson Outdoors, Inc., Class A		1,000		54,690
Malibu Boats, Inc., Class A *		2,116		103,726
Marine Products Corp.		3,930		55,845
MasterCraft Boat Holdings, Inc. *		2,183		48,506
Mattel, Inc. *		16,916		372,660
Polaris, Inc.		3,530		367,614
Smith & Wesson Brands, Inc.		4,598		59,360
Topgolf Callaway Brands Corp. *		5,300		73,352
				1,801,325
Life Sciences Tools & Services — 0.8%
Adaptive Biotechnologies Corp. *		4,578		24,950
Azenta, Inc. *		937		47,028
Bio-Rad Laboratories, Inc., Class A *		457		163,812
Bio-Techne Corp.		2,426		165,138

	SHARES		VALUE†
BioLife Solutions, Inc. *		1,278	$	17,649
Bruker Corp.		5,636		351,123
Charles River Laboratories International, Inc. *		704		137,970
CryoPort, Inc. *@		3,270		44,832
Harvard Bioscience, Inc. *		5,522		23,745
Medpace Holdings, Inc. *		2,141		518,400
OmniAb, Inc. *		8,462		43,918
OmniAb, Inc. *§		654		—
OmniAb, Inc. *§		654		—
Pacific Biosciences of California, Inc. *		2,709		22,620
Repligen Corp. *		4,248		675,474
				2,236,659
Machinery — 4.7%
AGCO Corp.		5,729		677,626
Alamo Group, Inc.		1,213		209,679
Albany International Corp., Class A		2,901		250,298
Allison Transmission Holdings, Inc.		6,647		392,572
Astec Industries, Inc.		1,967		92,665
Barnes Group, Inc.		4,989		169,476
Chart Industries, Inc. *		3,344		565,537
CIRCOR International, Inc. *		2,600		144,950
Columbus McKinnon Corp.		2,642		92,232
Commercial Vehicle Group, Inc. *		3,758		29,162
Crane Co.		3,089		274,427
Donaldson Co., Inc.		8,206		489,406
Douglas Dynamics, Inc.		2,507		75,661
Eastern Co. (The)		1,272		23,087
Enerpac Tool Group Corp.		5,732		151,497
EnPro Industries, Inc.		2,344		284,069
Esab Corp.		418		29,352
ESCO Technologies, Inc.		2,646		276,348
Federal Signal Corp.		5,985		357,484
Flowserve Corp.		2,564		101,970
Franklin Electric Co., Inc.		5,214		465,245
Gorman-Rupp Co. (The)		3,177		104,523
Graco, Inc.		4,051		295,237
Greenbrier Cos., Inc. (The)		3,659		146,360
Helios Technologies, Inc.		3,760		208,605
Hurco Cos., Inc.		1,000		22,430
Hyster-Yale Materials Handling, Inc.		165		7,356
ITT, Inc.		5,131		502,376
John Bean Technologies Corp.		3,520		370,093
Kadant, Inc.		1,284		289,606
Kennametal, Inc.		6,340		157,739
LB Foster Co., Class A *		2,165		40,940
Lincoln Electric Holdings, Inc.		3,365		611,723
Lindsay Corp.		1,209		142,275
Manitex International, Inc. *		1,300		6,071
Manitowoc Co., Inc. (The) *		3,607		54,285
Middleby Corp. (The) *		4,055		519,040
Miller Industries, Inc.		1,261		49,444
Mueller Industries, Inc.		6,222		467,646
Mueller Water Products, Inc., Class A		15,406		195,348
Omega Flex, Inc.		1,002		78,887
Oshkosh Corp.		4,130		394,126
Park-Ohio Holdings Corp.		2,182		43,444
Pentair PLC		11,013		713,092
Perma-Pipe International Holdings, Inc. *		1,900		15,523
RBC Bearings, Inc. *		336		78,668

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Machinery (Continued)
Shyft Group, Inc. (The)		3,913	$	58,578
Snap-On, Inc.		631		160,943
SPX Technologies, Inc. *		4,956		403,418
Standex International Corp.		1,427		207,900
Tennant Co.		1,721		127,612
Terex Corp.		6,303		363,179
Timken Co. (The)		6,902		507,228
Titan International, Inc. *		4,338		58,259
Toro Co. (The)		3,825		317,858
Trinity Industries, Inc.		4,908		119,510
Wabash National Corp.		4,414		93,224
Watts Water Technologies, Inc., Class A		3,002		518,806
				13,604,095
Marine Transportation — 0.3%
Costamare, Inc.		5,728		55,103
Eagle Bulk Shipping, Inc.		436		18,325
Kirby Corp. *		4,368		361,671
Matson, Inc.		3,985		353,549
				788,648
Media — 1.2%
Altice USA, Inc., Class A *		2,984		9,758
Boston Omaha Corp., Class A *		1,358		22,258
Cable One, Inc.		263		161,913
DISH Network Corp., Class A *@		4,087		23,950
Entravision Communications Corp., Class A		5,678		20,725
EW Scripps Co. (The), Class A *		7,073		38,760
Gannett Co., Inc. *		1		2
GCI Liberty, Inc. *§		8,984		—
Gray Television, Inc.		8,433		58,356
iHeartMedia, Inc., Class A *		2,052		6,484
Interpublic Group of Cos., Inc. (The)		7,925		227,130
John Wiley & Sons, Inc., Class A		3,247		120,691
Liberty Broadband Corp., Class A *		824		74,910
Liberty Broadband Corp., Class C *		770		70,316
Liberty Media Corp.-Liberty SiriusXM, Class A *		2,602		66,221
Liberty Media Corp.-Liberty SiriusXM, Class C *		3,346		85,189
Magnite, Inc. *		3,879		29,248
New York Times Co. (The), Class A		18,114		746,297
News Corp., Class A		19,977		400,739
News Corp., Class B		7,188		150,014
Nexstar Media Group, Inc.		4,189		600,577
Paramount Global, Class A		586		9,253
Paramount Global, Class B		6,684		86,224
PubMatic, Inc., Class A *		3,162		38,260
Saga Communications, Inc., Class A		664		14,249
Scholastic Corp.		3,519		134,215
Sinclair, Inc. @		2,132		23,921
TechTarget, Inc. *		3,517		106,776
Thryv Holdings, Inc. *		1,938		36,376
WideOpenWest, Inc. *		4,405		33,698
				3,396,510
Metals & Mining — 1.8%
Alcoa Corp.		15,179		441,102
Alpha Metallurgical Resources, Inc.		886		230,121
Arch Resources, Inc.		1,865		318,281
ATI, Inc. *		14,726		605,975
Carpenter Technology Corp.		3,912		262,925
Century Aluminum Co. *		8,912		64,077
Cleveland-Cliffs, Inc. *		21,519		336,342

	SHARES		VALUE†
Coeur Mining, Inc. *		16,461	$	36,543
Commercial Metals Co.		12,833		634,078
Ferroglobe PLC *		10,242		53,258
Fortitude Gold Corp.		4,671		27,933
Friedman Industries, Inc.		700		9,380
Haynes International, Inc.		1,229		57,173
Hecla Mining Co.		30,869		120,698
Kaiser Aluminum Corp.		2,372		178,517
Materion Corp.		2,319		236,329
MP Materials Corp. *@		6,046		115,479
Olympic Steel, Inc.		1,200		67,452
Royal Gold, Inc.		4,388		466,576
Ryerson Holding Corp.		4,615		134,250
Schnitzer Steel Industries, Inc., Class A		2,809		78,231
SunCoke Energy, Inc.		8,204		83,271
TimkenSteel Corp. *		5,303		115,181
Tredegar Corp.		3,412		18,459
United States Steel Corp.		8,879		288,390
Warrior Met Coal, Inc.		738		37,697
Worthington Industries, Inc.		4,458		275,594
				5,293,312
Multi-Utilities — 0.4%
Avista Corp.		6,896		223,224
Black Hills Corp.		6,023		304,704
NiSource, Inc.		19,524		481,852
Northwestern Energy Group, Inc.		4,148		199,353
Unitil Corp.		1,923		82,131
				1,291,264
Oil, Gas & Consumable Fuels — 3.6%
Adams Resources & Energy, Inc.		536		18,058
Amplify Energy Corp. *		1,867		13,723
Antero Midstream Corp.		32,353		387,589
Antero Resources Corp. *		5,180		131,468
APA Corp.		5,249		215,734
Ardmore Shipping Corp.		1,612		20,972
Berry Corp.		4,166		34,161
California Resources Corp.		3,564		199,620
Callon Petroleum Co. *		3,677		143,844
Centrus Energy Corp., Class A *		1,074		60,960
Chesapeake Energy Corp. @		4,468		385,276
Chord Energy Corp.		804		130,304
Civitas Resources, Inc. @		2,093		169,261
Clean Energy Fuels Corp. *		20,279		77,669
CNX Resources Corp. *		16,780		378,892
Comstock Resources, Inc.		11,934		131,632
CONSOL Energy, Inc.		2,376		249,266
CVR Energy, Inc.		1,556		52,951
Delek US Holdings, Inc.		7,082		201,200
Denbury, Inc. *		2,643		259,041
DHT Holdings, Inc.		11,638		119,871
Dorian LPG Ltd.		3,332		95,728
DT Midstream, Inc.		1,881		99,543
Earthstone Energy, Inc., Class A *		7,471		151,213
EnLink Midstream LLC *		27,038		330,404
Equitrans Midstream Corp.		22,329		209,223
Evolution Petroleum Corp.		5,356		36,635
Green Plains, Inc. *		5,096		153,390
Gulfport Energy Corp. *		944		112,015
Hallador Energy Co. *		3,193		46,043
HF Sinclair Corp.		9,611		547,154
International Seaways, Inc.		4,383		197,235
Kosmos Energy Ltd. *		25,367		207,502
Laredo Petroleum, Inc. *@		1,191		66,005
Magnolia Oil & Gas Corp., Class A		7,613		174,414

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Oil, Gas & Consumable Fuels (Continued)
Matador Resources Co.		10,827	$	643,990
Murphy Oil Corp.		13,521		613,177
NACCO Industries, Inc., Class A		1,000		35,070
New Fortress Energy, Inc. @		3,932		128,891
Nordic American Tankers Ltd.		8,255		34,011
Northern Oil and Gas, Inc.		1,306		52,540
Overseas Shipholding Group, Inc., Class A *		11,837		51,964
Ovintiv, Inc.		2,721		129,438
Par Pacific Holdings, Inc. *		4,135		148,612
PBF Energy, Inc., Class A		10,429		558,264
Peabody Energy Corp.		3,580		93,044
Permian Resources Corp. @		16,144		225,370
Range Resources Corp.		10,825		350,838
Rex American Resources Corp. *		2,364		96,262
SandRidge Energy, Inc.		2,175		34,061
Scorpio Tankers, Inc.		2,559		138,493
SFL Corp. Ltd.		4,682		52,204
Sitio Royalties Corp., Class A		3,565		86,309
SM Energy Co.		2,124		84,217
Southwestern Energy Co. *		62,679		404,280
Talos Energy, Inc. *		3,212		52,805
Teekay Corp. *		4,339		26,772
Teekay Tankers Ltd., Class A		1,880		78,264
Texas Pacific Land Corp.		126		229,769
Vitesse Energy, Inc.		2,544		58,232
W&T Offshore, Inc. *		9,305		40,756
World Kinect Corp.		4,238		95,058
				10,350,687
Paper & Forest Products — 0.3%
Clearwater Paper Corp. *		1,838		66,628
Glatfelter Corp. *		4,665		9,330
Louisiana-Pacific Corp.		8,752		483,723
Mercer International, Inc.		7,857		67,413
Resolute Forest Products, Inc. CVR *§¶		7,629		4,062
Sylvamo Corp.		2,483		109,103
				740,259
Passenger Airlines — 0.2%
Alaska Air Group, Inc. *		7,791		288,890
Allegiant Travel Co.		441		33,895
American Airlines Group, Inc. *		8,620		110,422
Hawaiian Holdings, Inc. *@		6,255		39,594
Skywest, Inc. *		4,643		194,728
Spirit Airlines, Inc.		3,315		54,698
				722,227
Personal Products — 0.8%
BellRing Brands, Inc. *		7,482		308,483
Coty, Inc., Class A *		46,457		509,633
e.l.f. Beauty, Inc. *		4,063		446,239
Edgewell Personal Care Co.		2,778		102,675
Herbalife Ltd. *		600		8,394
Inter Parfums, Inc.		3,888		522,314
Medifast, Inc.		1,490		111,527
Natural Alternatives International, Inc. *		1,000		6,490
Nature’s Sunshine Products, Inc. *		1,700		28,169
Nu Skin Enterprises, Inc., Class A		3,048		64,648
United-Guardian, Inc.		600		4,518

	SHARES		VALUE†
USANA Health Sciences, Inc. *		2,205	$	129,235
				2,242,325
Pharmaceuticals — 1.0%
Amphastar Pharmaceuticals, Inc. *		5,670		260,763
ANI Pharmaceuticals, Inc. *		1,669		96,902
Cara Therapeutics, Inc. *		3,972		6,673
Catalent, Inc. *		1,867		85,005
Collegium Pharmaceutical, Inc. *		2,590		57,886
Corcept Therapeutics, Inc. *		7,842		213,655
Cymabay Therapeutics, Inc. *@		1,670		24,900
Edgewise Therapeutics, Inc. *		1,162		6,658
Elanco Animal Health, Inc. *		2,020		22,705
Harmony Biosciences Holdings, Inc. *		3,861		126,525
Innoviva, Inc. *		5,963		77,459
Jazz Pharmaceuticals PLC *		4,329		560,346
Ligand Pharmaceuticals, Inc. *		1,727		103,482
Organon & Co.		8,187		142,126
Pacira BioSciences, Inc. *		2,469		75,749
Perrigo Co. PLC		12,427		397,043
Prestige Consumer Healthcare, Inc. *		6,078		347,601
SIGA Technologies, Inc. @		1,900		9,975
Supernus Pharmaceuticals, Inc. *		5,158		142,206
Taro Pharmaceutical Industries Ltd. *		438		16,517
Viatris, Inc.		9,420		92,881
				2,867,057
Professional Services — 3.3%
ASGN, Inc. *		5,306		433,394
Barrett Business Services, Inc.		799		72,102
Booz Allen Hamilton Holding Corp.		789		86,214
CACI International, Inc., Class A *		2,374		745,270
CBIZ, Inc. *		5,739		297,854
Ceridian HCM Holding, Inc. *		2,010		136,379
Concentrix Corp.		3,341		267,648
Conduent, Inc. *		5,702		19,843
CRA International, Inc.		773		77,887
CSG Systems International, Inc.		2,945		150,548
ExlService Holdings, Inc. *		18,166		509,375
Exponent, Inc.		5,686		486,722
Forrester Research, Inc. *		2,360		68,204
Franklin Covey Co. *		1,628		69,874
FTI Consulting, Inc. *		3,603		642,811
Genpact Ltd.		12,745		461,369
Heidrick & Struggles International, Inc.		1,928		48,239
Huron Consulting Group, Inc. *		1,957		203,841
ICF International, Inc.		2,012		243,070
Insperity, Inc.		4,181		408,066
KBR, Inc.		12,616		743,587
Kelly Services, Inc., Class A		3,132		56,971
Kforce, Inc.		2,508		149,627
Korn Ferry		4,964		235,492
Manpowergroup, Inc.		3,514		257,646
Mastech Digital, Inc. *		2,122		19,098
Maximus, Inc.		2,874		214,630
NV5 Global, Inc. *		1,602		154,160
Paylocity Holding Corp. *		2,396		435,353
RCM Technologies, Inc. *@		1,834		35,836
Resources Connection, Inc.		3,396		50,634
Robert Half, Inc.		7,950		582,576
Science Applications International Corp.		2,559		270,077
TriNet Group, Inc. *		3,424		398,828

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Professional Services (Continued)
TrueBlue, Inc. *		3,431	$	50,333
TTEC Holdings, Inc.		4,929		129,238
Verra Mobility Corp. *		10,023		187,430
				9,400,226
Real Estate Management & Development — 0.7%
Cushman & Wakefield PLC *		5,956		45,385
Douglas Elliman, Inc.		8,113		18,335
Forestar Group, Inc. *		3,530		95,098
FRP Holdings, Inc. *		200		10,794
Howard Hughes Holdings, Inc. *		1,369		101,484
Jones Lang LaSalle, Inc. *		3,879		547,637
Kennedy-Wilson Holdings, Inc.		13,722		202,262
Marcus & Millichap, Inc.		3,263		95,737
Maui Land & Pineapple Co., Inc. *		2,324		30,793
Newmark Group, Inc., Class A		11,400		73,302
RMR Group, Inc. (The), Class A		1,159		28,419
St. Joe Co. (The)		3,300		179,289
Stratus Properties, Inc. *		313		8,576
Tejon Ranch Co. *		2,949		47,833
Zillow Group, Inc., Class A *		2,824		126,487
Zillow Group, Inc., Class C *		6,550		302,348
				1,913,779
Semiconductors & Semiconductor Equipment — 3.3%
Allegro MicroSystems, Inc. *		1,272		40,628
Alpha & Omega Semiconductor Ltd. *		2,886		86,118
Ambarella, Inc. *		2,341		124,143
Amkor Technology, Inc.		25,678		580,323
Amtech Systems, Inc. *		2,822		21,504
Axcelis Technologies, Inc. *		3,773		615,188
AXT, Inc. *		5,653		13,567
Ceva, Inc. *		3,095		60,012
Cirrus Logic, Inc. *		5,956		440,506
Cohu, Inc. *		5,114		176,126
Diodes, Inc. *		5,169		407,524
Entegris, Inc.		328		30,802
First Solar, Inc. *		1,545		249,656
FormFactor, Inc. *		9,854		344,299
GSI Technology, Inc. *		4,641		12,577
Ichor Holdings Ltd. *		400		12,384
Kulicke & Soffa Industries, Inc.		5,924		288,084
Lattice Semiconductor Corp. *		12,472		1,071,719
MACOM Technology Solutions Holdings, Inc. *		2,196		179,150
Magnachip Semiconductor Corp. *		4,588		38,126
MaxLinear, Inc. *		7,715		171,659
MKS Instruments, Inc.		1,144		99,002
NVE Corp.		502		41,234
Onto Innovation, Inc. *		4,376		558,027
PDF Solutions, Inc. *		4,938		159,991
Photronics, Inc. *		7,008		141,632
Power Integrations, Inc.		6,542		499,220
Qorvo, Inc. *		2,760		263,497
Rambus, Inc. *		12,315		687,054
Semtech Corp. *		7,337		188,928
Silicon Laboratories, Inc. *		3,781		438,180
Synaptics, Inc. *		4,632		414,286
Ultra Clean Holdings, Inc. *		4,298		127,522
Universal Display Corp.		3,037		476,779
Veeco Instruments, Inc. *		4,666		131,161
Wolfspeed, Inc. *@		10,030		382,143
				9,572,751

	SHARES		VALUE†
Software — 3.1%
A10 Networks, Inc.		6,016	$	90,420
ACI Worldwide, Inc. *		12,870		290,347
Adeia, Inc.		7,577		80,922
Agilysys, Inc. *		2,848		188,424
Alarm.com Holdings, Inc. *		3,799		232,271
Altair Engineering, Inc., Class A *		3,033		189,744
American Software, Inc., Class A		4,461		51,123
AppLovin Corp., Class A *		2,866		114,525
Aspen Technology, Inc. *		1,995		407,499
Bill Holdings, Inc. *		1,908		207,152
Blackbaud, Inc. *		5,719		402,160
Box, Inc., Class A *		6,867		166,250
Commvault Systems, Inc. *		2,675		180,857
Confluent, Inc., Class A *		1,575		46,636
Consensus Cloud Solutions, Inc. *		1,449		36,486
Digital Turbine, Inc. *		635		3,842
DocuSign, Inc. *		5,297		222,474
Dolby Laboratories, Inc., Class A		2,547		201,875
DoubleVerify Holdings, Inc. *		6,316		176,532
Dropbox, Inc., Class A *		14,286		389,008
Dynatrace, Inc. *		7,032		328,605
Ebix, Inc. @		2,155		21,291
eGain Corp. *		4,304		26,384
EngageSmart, Inc. *		593		10,668
Envestnet, Inc. *		3,097		136,361
EverCommerce, Inc. *		921		9,238
Gen Digital, Inc.		17,464		308,763
Guidewire Software, Inc. *		3,773		339,570
InterDigital, Inc.		3,064		245,855
Jamf Holding Corp. *		4,792		84,627
JFrog Ltd. *		479		12,147
Liveramp Holdings, Inc. *		8,339		240,497
Manhattan Associates, Inc. *		3,948		780,362
MeridianLink, Inc. *		2,090		35,655
Mitek Systems, Inc. *		1,166		12,500
N-able, Inc. *		8,171		105,406
Nutanix, Inc., Class A *		2,789		97,280
Olo, Inc., Class A *		2,551		15,459
PowerSchool Holdings, Inc., Class A *		3,215		72,852
Procore Technologies, Inc. *		2,728		178,193
Progress Software Corp.		4,772		250,912
Qualys, Inc. *		4,157		634,150
Rimini Street, Inc. *		4,492		9,882
Sapiens International Corp. NV		2,496		70,961
SentinelOne, Inc., Class A *		5,750		96,945
SolarWinds Corp. *		5,202		49,107
SPS Commerce, Inc. *		2,160		368,518
Teradata Corp. *		6,462		290,919
UiPath, Inc., Class A *		8,223		140,696
Unity Software, Inc. *		1,802		56,565
Verint Systems, Inc. *		6,847		157,413
Vertex, Inc., Class A *		1,558		35,990
Xperi, Inc. *		3,030		29,876
Yext, Inc. *		4,488		28,409
				8,960,603
Specialty Retail — 3.7%
1-800-Flowers.com, Inc., Class A *		3,880		27,160
Aaron’s Co., Inc. (The)		4,459		46,686
Abercrombie & Fitch Co., Class A *		3,727		210,091
Academy Sports & Outdoors, Inc.		2,614		123,564
Advance Auto Parts, Inc.		3,739		209,122
America’s Car-Mart, Inc. *		822		74,794
American Eagle Outfitters, Inc.		19,472		323,430

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Specialty Retail (Continued)
Asbury Automotive Group, Inc. *		2,143	$	493,040
AutoNation, Inc. *		4,060		614,684
Bath & Body Works, Inc.		5,771		195,060
Boot Barn Holdings, Inc. *		3,559		288,955
Buckle, Inc. (The)		5,018		167,551
Build-A-Bear Workshop, Inc.		1,640		48,232
Burlington Stores, Inc. *		555		75,092
Caleres, Inc.		3,874		111,416
Carmax, Inc. *		2,821		199,529
CarParts.com, Inc. *		2,801		11,540
Cato Corp. (The), Class A		2,638		20,207
Chico’s FAS, Inc. *		8,580		64,178
Children’s Place, Inc. (The) *		1,314		35,517
Citi Trends, Inc. *		818		18,176
Conn’s, Inc. *		3,722		14,702
Container Store Group, Inc. (The) *		2,100		4,725
Destination XL Group, Inc. *		3,560		15,949
Dick’s Sporting Goods, Inc.		2,101		228,127
Duluth Holdings, Inc., Class B *		1,185		7,122
Five Below, Inc. *		5,505		885,754
Floor & Decor Holdings, Inc., Class A *		4,489		406,255
Foot Locker, Inc. @		4,342		75,334
GameStop Corp., Class A *		8,267		136,075
Gap, Inc. (The)		2,272		24,151
Genesco, Inc. *		1,490		45,922
Group 1 Automotive, Inc.		1,668		448,208
Guess?, Inc.		5,086		110,061
Haverty Furniture Cos., Inc.		1,983		57,071
Hibbett, Inc.		1,600		76,016
Leslie’s, Inc. *@		9,429		53,368
Lithia Motors, Inc.		3,085		911,093
MarineMax, Inc. *		2,209		72,499
Monro, Inc.		3,090		85,809
Murphy USA, Inc.		2,352		803,749
National Vision Holdings, Inc. *		3,794		61,387
ODP Corp. (The) *		3,360		155,064
Penske Automotive Group, Inc.		1,742		291,019
PetMed Express, Inc.		2,360		24,190
Revolve Group, Inc. *@		706		9,609
RH *		318		84,066
Sally Beauty Holdings, Inc. *		4,925		41,272
Shoe Carnival, Inc.		3,062		73,580
Signet Jewelers Ltd.		5,326		382,460
Sleep Number Corp. *		3,221		79,204
Sonic Automotive, Inc., Class A		3,080		147,101
Sportsman’s Warehouse Holdings, Inc. *@		3,058		13,730
Tilly’s, Inc., Class A *		1,836		14,908
Upbound Group, Inc.		6,271		184,681
Urban Outfitters, Inc. *		2,086		68,191
Valvoline, Inc.		6,915		222,940
Victoria’s Secret & Co. *		3,466		57,813
Wayfair, Inc., Class A *@		189		11,448
Williams-Sonoma, Inc. @		4,058		630,613
Winmark Corp.		554		206,714
Zumiez, Inc. *		2,406		42,827
				10,622,831
Textiles, Apparel & Luxury Goods — 1.1%
Capri Holdings Ltd. *		8,276		435,400

	SHARES		VALUE†
Carter’s, Inc.		1,939	$	134,082
Columbia Sportswear Co.		4,507		333,969
Deckers Outdoor Corp. *		215		110,529
Delta Apparel, Inc. *		1,153		7,644
Figs, Inc., Class A *		2,862		16,886
G-III Apparel Group Ltd. *		5,008		124,799
Kontoor Brands, Inc.		2,384		104,681
Lakeland Industries, Inc.		1,669		25,152
Movado Group, Inc.		2,220		60,717
Oxford Industries, Inc.		1,665		160,057
PVH Corp.		1,378		105,431
Ralph Lauren Corp.		2,279		264,569
Rocky Brands, Inc.		1,000		14,700
Skechers U.S.A., Inc., Class A *		6,530		319,644
Steven Madden Ltd.		7,918		251,555
Superior Group of Cos., Inc.		2,200		17,116
Tapestry, Inc.		18,072		519,570
Under Armour, Inc., Class A *		2,222		15,221
Under Armour, Inc., Class C *		1,318		8,409
Unifi, Inc. *		2,394		16,997
VF Corp. @		535		9,453
Wolverine World Wide, Inc.		5,855		47,191
				3,103,772
Tobacco — 0.1%
Turning Point Brands, Inc.		1,280		29,555
Universal Corp.		2,612		123,312
Vector Group Ltd.		12,276		130,617
				283,484
Trading Companies & Distributors — 2.0%
Air Lease Corp.		5,985		235,869
Applied Industrial Technologies, Inc.		4,305		665,596
Beacon Roofing Supply, Inc. *		6,917		533,785
Boise Cascade Co.		3,680		379,187
Core & Main, Inc., Class A *		2,355		67,942
Distribution Solutions Group, Inc. *		224		5,824
DXP Enterprises, Inc. *		1,824		63,730
GATX Corp.		3,309		360,118
Global Industrial Co.		4,722		158,187
GMS, Inc. *		2,900		185,513
H&E Equipment Services, Inc.		3,452		149,092
Herc Holdings, Inc.		2,648		314,953
Mcgrath Rentcorp		2,655		266,137
MRC Global, Inc. *		5,657		57,984
MSC Industrial Direct Co., Inc., Class A		936		91,868
NOW, Inc. *		6,508		77,250
Rush Enterprises, Inc., Class A		8,943		365,143
SiteOne Landscape Supply, Inc. *		413		67,505
Textainer Group Holdings Ltd.		3,941		146,802
Titan Machinery, Inc. *		2,515		66,849
Triton International Ltd. *<>		7,398		608,700
Veritiv Corp.		784		132,418
WESCO International, Inc.		4,569		657,114
Willis Lease Finance Corp. *		900		38,070
				5,695,636
Water Utilities — 0.5%
American States Water Co.		4,082		321,172
Artesian Resources Corp., Class A		1,177		49,422
California Water Service Group		6,097		288,449
Consolidated Water Co. Ltd.		1,751		49,798

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, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Water Utilities (Continued)
Essential Utilities, Inc.		8,329	$	285,935
Middlesex Water Co.		2,133		141,311
Pure Cycle Corp. *		1,000		9,600
SJW Group		2,989		179,669
York Water Co. (The)		1,803		67,595
				1,392,951
Wireless Telecommunication Services — 0.1%
Gogo, Inc. *		1,021		12,181
Shenandoah Telecommunications Co.		6,413		132,172
Spok Holdings, Inc.		2,839		40,512
United States Cellular Corp.  *		1,551		66,646
				251,511
TOTAL COMMON STOCKS
(Identified Cost $167,100,883)				285,976,039
PREFERRED STOCKS — 0.0%
Media — 0.0%
Liberty Broadband Corp. 7.000%		1,225		27,685
Trading Companies & Distributors — 0.0%
WESCO International, Inc., 10.625%, 5 year CMT + 10.325%		4,390		115,940
TOTAL PREFERRED STOCKS
(Identified Cost $114,396)				143,625
SHORT-TERM INVESTMENTS — 0.7%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.040%		454,127		454,127
Collateral For Securities On Loan — 0.5%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		1,538,775		1,538,775
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $1,992,902)				1,992,902
Total Investments — 100.2%
(Identified Cost $169,208,181)				288,112,566
Liabilities, Less Cash and Other Assets — (0.2%)				(674,047	)
Net  Assets — 100.0%			$	287,438,519

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $6,628,602.
¶	Contingent value rights based on future performance.
<>	Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Fund’s Board of Trustees. See Note 1
§	Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Fund’s Board of Trustees. See Note 1

Key to abbreviations:

CMT — Constant Maturity Treasury

CVR — Contingent Value Rights

The Accompanying notes are An integral part of these portfolio of investments.

Portfolio Sectors as of September 30, 2023
(As a percentage of long-term investments) (Unaudited)

Sector	Percentage
Industrials		20.9	%
Financials		17.9	%
Consumer Discretionary		14.7	%
Information Technology		14.3	%
Health Care		9.8	%
Materials		6.1	%
Energy		5.3	%
Consumer Staples		4.8	%
Utilities		3.7	%
Communication Services		2.5	%
		100.0	%

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 98.0%
Australia — 6.0%
Ampol Ltd.		21,672	$	470,970
ANZ Group Holdings Ltd.		171,032		2,821,702
Aurizon Holdings Ltd. @		247,637		555,671
Bendigo & Adelaide Bank Ltd.		20,967		120,383
BlueScope Steel Ltd.		163,249		2,040,441
Challenger Ltd.		45,610		188,266
Cleanaway Waste Management Ltd.		139,337		217,696
Evolution Mining Ltd.		217,587		460,263
Harvey Norman Holdings Ltd. @		136,089		338,619
Incitec Pivot Ltd.		283,803		572,959
Insurance Australia Group Ltd.		23,277		85,007
Lendlease Corp. Ltd. @		43,821		202,294
National Australia Bank Ltd.		258,849		4,838,032
Newcrest Mining Ltd.		80,215		1,264,600
Northern Star Resources Ltd.		111,364		748,951
Orica Ltd.		47,694		478,065
Origin Energy Ltd.		168,307		950,110
QBE Insurance Group Ltd.		41,216		416,312
Rio Tinto Ltd.		18,815		1,373,626
Santos Ltd.		542,800		2,757,047
Seven Group Holdings Ltd. @		3,940		78,910
Sonic Healthcare Ltd.		21,641		414,640
South32 Ltd.		747,569		1,629,402
Suncorp Group Ltd.		186,999		1,679,627
TPG Telecom Ltd. @		41,292		144,956
Viva Energy Group Ltd. ±		89,355		172,352
Westpac Banking Corp.		182,943		2,487,731
Whitehaven Coal Ltd.		137,340		627,832
Woodside Energy Group Ltd.		157,968		3,706,126
Worley Ltd.		30,039		336,249
Yancoal Australia Ltd. @		14,480		48,132
				32,226,971
Austria — 0.2%
Erste Group Bank AG		1,782		61,834
Mondi PLC		43,636		730,723
OMV AG		4,549		217,963
				1,010,520
Belgium — 0.7%
Ageas SA		21,755		897,709
KBC Group NV		25,395		1,587,842
Solvay SA		9,936		1,101,432
				3,586,983
Bermuda — 0.0%
Golden Ocean Group Ltd.		18,503		145,891
Canada — 9.3%
Agnico Eagle Mines Ltd.		39,661		1,802,592
AltaGas Ltd. @		24,518		470,233
ARC Resources Ltd. @		31,547		503,544
B2Gold Corp.		22,856		66,054
Bank of Montreal @		57,895		4,884,601
Bank of Montreal		3,182		268,429
Bank of Nova Scotia (The) @		104,892		4,782,026
Bank of Nova Scotia (The) @		24,902		1,116,167
Barrick Gold Corp.		65,719		956,211
Barrick Gold Corp.		6,619		96,148
Brookfield Corp. @		15,086		471,739
Canadian Imperial Bank of Commerce @		18,668		720,772
Canadian Imperial Bank of Commerce @		79,849		3,082,263
Cenovus Energy, Inc. @		10,833		225,543
Fairfax Financial Holdings Ltd.		3,439		2,807,333
First Quantum Minerals Ltd.		69,639		1,645,290
Great-West Lifeco, Inc.		13,230		378,515

	SHARES		VALUE†
iA Financial Corp., Inc.		16,360	$	1,026,226
Imperial Oil Ltd. @		7,194		443,079
Kinross Gold Corp.		173,331		789,927
Kinross Gold Corp.		22,300		101,688
Lundin Mining Corp.		146,222		1,090,542
Magna International, Inc. @		51,545		2,763,327
Manulife Financial Corp.		181,831		3,323,871
Manulife Financial Corp.		3,055		55,826
MEG Energy Corp. *		17,402		338,623
Nutrien Ltd.		50,591		3,124,500
Sun Life Financial, Inc.		3,972		193,797
Suncor Energy, Inc. ¥		67,770		2,330,599
Suncor Energy, Inc. @		75,341		2,590,224
Teck Resources Ltd., Class B		103,946		4,479,033
Toronto-Dominion Bank (The) @		1,749		105,371
Toronto-Dominion Bank (The) @		6,483		390,666
Tourmaline Oil Corp.		15,422		776,068
West Fraser Timber Co. Ltd.		13,116		952,232
Whitecap Resources, Inc. @		72,329		610,796
				49,763,855
China — 0.1%
ESR Group Ltd. ±		165,600		232,615
Prosus NV		5,989		176,786
Xinyi Glass Holdings Ltd.		171,436		221,986
				631,387
Denmark — 2.3%
AP Moller - Maersk A/S, Class A		246		436,941
AP Moller - Maersk A/S, Class B		372		671,551
Carlsberg A/S, Class B		15,826		1,999,773
Chr Hansen Holding A/S		10,817		663,024
Danske Bank AS		41,578		968,657
Demant AS *		12,776		529,915
DSV A/S		16,777		3,136,866
Genmab A/S *		4,335		1,541,180
H Lundbeck A/S		21,000		113,418
Novozymes A/S, B Shares, Class B		23,980		967,773
Pandora A/S		5,296		549,235
ROCKWOOL AS, B Shares		1,053		255,621
Tryg AS		15,313		280,778
Vestas Wind Systems AS *		6,053		130,044
				12,244,776
Finland — 0.8%
Fortum Oyj @		20,980		243,881
Nokia Oyj		18,157		68,493
Nokia Oyj, ADR @		486,141		1,818,167
Nordea Bank Abp		47,570		523,655
Stora Enso Oyj, R Shares @		73,527		924,286
UPM-Kymmene Oyj		25,857		887,643
				4,466,125
France — 11.7%
Accor SA		6,035		203,793
Adevinta ASA *		8,113		80,321
ALD SA ±		6,961		53,982
Alstom SA @		7,931		189,502
Amundi SA ±		5,568		314,059
Arkema SA		12,548		1,241,202
AXA SA		96,903		2,887,061
BNP Paribas SA		58,992		3,768,977
Bollore SE		138,791		746,890
Bouygues SA		48,843		1,711,325
Carrefour SA		128,110		2,205,711
Cie de Saint-Gobain SA		92,022		5,533,870
Cie Generale des Etablissements Michelin SCA		119,912		3,685,407

The accompanying notes are an integral part of these portfolio of investments.

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
France (Continued)
Credit Agricole SA		62,747	$	775,639
Eiffage SA		11,127		1,059,233
Engie SA		143,510		2,204,578
Orange SA		322,578		3,703,755
Publicis Groupe SA		20,708		1,571,080
Renault SA		29,529		1,213,660
Rexel SA		18,626		419,447
Sanofi		38,892		4,172,713
Societe Generale SA		80,634		1,964,593
TotalEnergies SE		332,966		21,934,885
Vinci SA		1,446		160,553
Vivendi SE		40,220		352,767
Worldline SA *±		4,534		127,749
				62,282,752
Germany — 6.5%
BASF SE		73,103		3,319,526
Bayer AG		93,338		4,485,079
Bayerische Motoren Werke AG		40,060		4,082,024
Commerzbank AG		122,047		1,392,279
Continental AG		11,257		794,542
Covestro AG *±		22,452		1,212,031
Daimler Truck Holding AG		61,594		2,137,247
Deutsche Bank AG		92,725		1,019,048
Deutsche Bank AG		46,122		509,568
E.ON SE		65,581		776,558
Evonik Industries AG		12,943		237,075
Fresenius Medical Care AG & Co. KGaA		19,414		838,260
Fresenius SE & Co. KGaA		42,320		1,318,124
Hapag-Lloyd AG ±		402		73,187
Heidelberg Materials AG		25,898		2,013,026
Mercedes-Benz Group AG		122,485		8,532,576
RWE AG		32,833		1,220,151
Siemens Energy AG *		13,742		179,866
Vitesco Technologies Group AG *		911		73,922
Volkswagen AG		4,164		548,978
Wacker Chemie AG		1,080		154,889
				34,917,956
Hong Kong — 1.5%
BOC Hong Kong Holdings Ltd.		302,500		828,587
Cathay Pacific Airways Ltd. @*		230,363		236,513
CK Asset Holdings Ltd.		210,069		1,106,551
CK Hutchison Holdings Ltd.		324,624		1,736,922
CK Infrastructure Holdings Ltd.		24,000		113,549
Hang Lung Properties Ltd.		194,000		265,572
Hang Seng Bank Ltd.		14,400		179,197
Henderson Land Development Co. Ltd.		133,684		352,521
MTR Corp. Ltd.		25,669		101,615
New World Development Co. Ltd.		231,859		451,226
Sun Hung Kai Properties Ltd.		145,677		1,558,908
Swire Pacific Ltd., Class A		53,500		361,064
Swire Pacific Ltd., Class B		127,500		139,370
Tsim Sha Tsui Properties Ltd. @		6,907		17,640
WH Group Ltd. ±		1,342,459		704,577
				8,153,812
Ireland — 0.2%
AIB Group PLC		42,862		193,046
Bank of Ireland Group PLC		56,367		553,628

	SHARES		VALUE†
Flutter Entertainment PLC *		3,025	$	494,198
Smurfit Kappa Group PLC		1,835		61,228
				1,302,100
Israel — 0.5%
Bank Hapoalim B.M.		56,083		498,297
Bank Leumi Le-Israel BM		121,401		1,002,896
Delek Group Ltd.		904		134,073
Harel Insurance Investments & Financial Services Ltd.		13,270		104,788
Israel Discount Bank Ltd., Class A		113,725		613,902
Menora Mivtachim Holdings Ltd.		591		13,774
Migdal Insurance & Financial Holding Ltd.		22,264		27,270
Phoenix Holdings Ltd. (The)		15,023		156,047
				2,551,047
Italy — 1.1%
Eni SpA @		102,840		1,658,748
Telecom Italia SpA @*		570,741		178,672
UniCredit SpA		172,773		4,151,959
				5,989,379
Japan — 21.9%
AGC, Inc.		48,500		1,701,914
Air Water, Inc.		14,100		175,778
Aisin Corp.		22,500		850,676
Alfresa Holdings Corp. @		7,700		126,496
Amada Co. Ltd.		37,100		373,507
Aozora Bank Ltd. @		4,800		98,126
Asahi Group Holdings Ltd.		14,400		538,651
Asahi Kasei Corp.		191,300		1,203,178
Bank of Kyoto Ltd. (The) @*<>		6,500		366,364
Bridgestone Corp.		18,500		721,604
Brother Industries Ltd.		32,400		522,186
Canon Marketing Japan, Inc.		9,700		251,652
Canon, Inc. @		29,000		699,578
Chiba Bank Ltd. (The)		63,800		464,283
Coca-Cola Bottlers Japan Holdings, Inc.		8,000		105,246
COMSYS Holdings Corp.		2,900		60,662
Concordia Financial Group Ltd.		111,200		507,112
Cosmo Energy Holdings Co. Ltd.		11,900		418,857
Dai-ichi Life Holdings, Inc.		77,400		1,604,040
Daicel Corp.		52,000		435,305
Daiwa House Industry Co. Ltd.		42,100		1,131,099
Daiwa Securities Group, Inc. @		143,400		828,216
Dowa Holdings Co. Ltd.		9,600		298,779
ENEOS Holdings, Inc.		470,600		1,857,648
FUJIFILM Holdings Corp.		14,900		863,251
Fujikura Ltd.		10,500		84,420
Fukuoka Financial Group, Inc.		13,600		325,712
Hachijuni Bank Ltd. (The) @		8,600		47,472
Hankyu Hanshin Holdings, Inc.		26,100		890,900
Haseko Corp. @		30,800		393,038
Hino Motors Ltd. *		11,600		44,315
Hitachi Construction Machinery Co. Ltd.		8,000		243,362
Honda Motor Co. Ltd.		466,200		5,247,246
Idemitsu Kosan Co. Ltd.		29,400		676,373
IHI Corp. @		8,900		186,707
Iida Group Holdings Co. Ltd.		33,400		555,735
INFRONEER Holdings, Inc.		12,800		132,591
Inpex Corp.		144,500		2,181,424
Isetan Mitsukoshi Holdings Ltd. @		25,900		300,093

The accompanying notes are an integral part of these portfolio of investments.

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Japan (Continued)
Isuzu Motors Ltd.		85,200	$	1,072,127
Iwatani Corp.		4,900		247,066
J. Front Retailing Co. Ltd.		35,100		359,127
Japan Post Holdings Co. Ltd.		71,600		573,749
Japan Post Insurance Co. Ltd.		4,500		75,898
JFE Holdings, Inc.		50,400		738,935
JTEKT Corp.		43,200		407,891
K's Holdings Corp.		32,000		293,790
Kajima Corp.		54,000		879,343
Kamigumi Co. Ltd. @		15,700		323,581
Kaneka Corp.		5,000		129,885
Kawasaki Heavy Industries Ltd.		32,800		794,540
Kawasaki Kisen Kaisha Ltd. @		11,100		379,111
Kobe Steel Ltd.		19,500		254,319
Komatsu Ltd.		43,100		1,166,042
Kubota Corp.		58,300		859,831
Kuraray Co. Ltd.		76,400		905,410
LIXIL Corp.		42,700		497,605
Mabuchi Motor Co. Ltd.		5,100		152,550
Marubeni Corp.		77,200		1,204,700
Mazda Motor Corp.		65,100		739,040
Mebuki Financial Group, Inc.		83,070		229,966
Medipal Holdings Corp.		17,700		299,363
Mitsubishi Chemical Group Corp.		185,800		1,172,067
Mitsubishi Corp.		107,100		5,108,464
Mitsubishi Electric Corp.		48,300		597,609
Mitsubishi Estate Co. Ltd.		82,000		1,072,738
Mitsubishi Gas Chemical Co., Inc.		26,800		360,914
Mitsubishi Heavy Industries Ltd.		17,100		955,009
Mitsubishi Logistics Corp.		2,500		66,448
Mitsubishi Motors Corp.		88,400		385,330
Mitsubishi UFJ Financial Group, Inc.		206,400		1,751,997
Mitsubishi UFJ Financial Group, Inc., ADR @		391,058		3,320,082
Mitsui Chemicals, Inc.		47,200		1,224,534
Mitsui Fudosan Co. Ltd.		54,100		1,192,488
Mitsui OSK Lines Ltd. @		30,300		833,331
Mizuho Financial Group, Inc.		116,740		1,984,986
MS&AD Insurance Group Holdings, Inc.		24,728		909,264
NEC Corp.		37,100		2,050,877
NGK Insulators Ltd.		41,200		546,429
NH Foods Ltd.		8,133		243,326
Nippon Express Holdings, Inc.		15,900		830,218
Nippon Steel Corp. @		60,327		1,414,923
Nippon Yusen KK @		58,100		1,510,818
Nissan Motor Co. Ltd.		222,800		984,441
Nisshin Seifun Group, Inc.		3,900		49,729
Niterra Co. Ltd.		18,000		407,602
Nomura Holdings, Inc.		175,700		704,376
Nomura Real Estate Holdings, Inc.		23,700		595,196
NSK Ltd.		59,600		335,489
Obayashi Corp.		72,500		638,693
Oji Holdings Corp.		226,000		951,245
Otsuka Holdings Co. Ltd.		10,100		359,083
Panasonic Holdings Corp.		194,100		2,184,664
Resona Holdings, Inc.		206,800		1,146,229
Resonac Holdings Corp.		14,000		234,676
Ricoh Co. Ltd.		74,900		646,804
Rohm Co. Ltd.		21,600		407,168
Sankyo Co. Ltd.		6,500		298,120
SBI Holdings, Inc.		20,500		431,839
Seiko Epson Corp. @		40,700		639,887
Seino Holdings Co. Ltd.		20,400		286,056

	SHARES		VALUE†
Sekisui Chemical Co. Ltd.		16,000	$	230,514
Sekisui House Ltd.		58,000		1,155,420
Shimizu Corp.		49,600		345,016
Shizuoka Financial Group, Inc.		46,000		375,228
Sohgo Security Services Co. Ltd.		12,000		72,446
Sojitz Corp.		35,820		785,720
Sompo Holdings, Inc.		5,900		253,980
Stanley Electric Co. Ltd.		14,100		222,907
Subaru Corp.		90,700		1,763,746
SUMCO Corp.		34,600		451,254
Sumitomo Chemical Co. Ltd.		157,200		428,134
Sumitomo Corp.		94,000		1,876,981
Sumitomo Electric Industries Ltd.		164,200		1,979,432
Sumitomo Forestry Co. Ltd.		33,800		860,832
Sumitomo Heavy Industries Ltd.		26,000		659,743
Sumitomo Metal Mining Co. Ltd.		35,500		1,044,998
Sumitomo Mitsui Financial Group, Inc.		71,100		3,495,528
Sumitomo Mitsui Trust Holdings, Inc.		24,900		938,249
Sumitomo Realty & Development Co. Ltd.		42,000		1,092,157
Sumitomo Rubber Industries Ltd.		42,800		472,851
Suzuken Co. Ltd.		1,100		34,036
Suzuki Motor Corp.		20,700		833,319
Taiheiyo Cement Corp.		7,500		132,997
Taisei Corp.		7,200		253,474
Takashimaya Co. Ltd.		13,100		191,801
Takeda Pharmaceutical Co. Ltd.		126,173		3,918,421
TDK Corp.		21,400		793,622
Teijin Ltd.		32,399		315,014
THK Co. Ltd.		10,700		195,720
Tokyo Tatemono Co. Ltd.		37,600		520,321
Tokyu Fudosan Holdings Corp.		132,300		813,595
Toray Industries, Inc.		166,100		864,734
Tosoh Corp.		58,300		748,256
Toyo Seikan Group Holdings Ltd.		16,700		273,509
Toyo Tire Corp.		3,700		56,995
Toyoda Gosei Co. Ltd.		15,300		328,852
Toyota Boshoku Corp.		6,500		118,569
Toyota Motor Corp.		322,150		5,771,926
Toyota Tsusho Corp.		16,000		941,649
Yamada Holdings Co. Ltd.		93,100		286,265
Yamaha Motor Co. Ltd.		37,200		978,541
Yamazaki Baking Co. Ltd.		5,500		101,138
Yokohama Rubber Co. Ltd. (The)		27,600		574,754
Z Holdings Corp.		188,400		523,824
Zeon Corp. @		28,500		298,083
				117,305,165
Netherlands — 4.5%
ABN AMRO Group NV, GDR ±		42,957		610,395
Aegon NV @		149,418		723,829
Akzo Nobel NV		17,322		1,254,121
ArcelorMittal SA @		60,669		1,518,545
ArcelorMittal SA =		1,708		42,933
ASR Nederland NV		2,953		110,896
Coca-Cola Europacific Partners PLC		10,606		664,942
Heineken NV		16,759		1,478,782
ING Groep NV		253,754		3,366,932
JDE Peet's NV @		9,259		258,628
Koninklijke Ahold Delhaize NV		179,778		5,420,805
Koninklijke KPN NV		211,274		696,689
Koninklijke Philips NV @*		17,339		345,740
Koninklijke Philips NV @¢		34,541		692,609
NN Group NV @		31,090		1,000,560
Randstad NV		16,773		928,868
Stellantis NV		191,757		3,691,806

The accompanying notes are an integral part of these portfolio of investments.

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Netherlands (Continued)
Stellantis NV @		56,317	$	1,077,344
				23,884,424
New Zealand — 0.2%
Auckland International Airport Ltd.		100,345		475,721
EBOS Group Ltd. @		8,910		182,635
Fletcher Building Ltd.		101,890		287,019
Genesis Energy Ltd. @		25,487		37,273
Mercury NZ Ltd.		18,796		68,719
Port of Tauranga Ltd.		3,033		10,689
Ryman Healthcare Ltd. @		22,869		86,488
Summerset Group Holdings Ltd.		14,664		89,646
				1,238,190
Norway — 0.7%
Aker ASA, A Shares		2,155		132,866
Aker BP ASA		18,758		519,076
DNB Bank ASA		51,195		1,031,878
Norsk Hydro ASA		88,167		553,895
SpareBank 1 SR-Bank ASA		18,440		211,523
Storebrand ASA		24,442		199,162
Subsea 7 SA		28,831		397,292
Wallenius Wilhelmsen ASA		13,553		107,191
Yara International ASA		13,680		518,340
				3,671,223
Portugal — 0.1%
EDP Renovaveis SA @		3,173		52,047
Galp Energia SGPS SA		16,108		239,104
				291,151
Singapore — 1.0%
BW LPG Ltd. ±		5,825		73,353
City Developments Ltd.		77,600		375,228
Great Eastern Holdings Ltd.		3,000		39,612
Hafnia Ltd.		12,769		79,443
Hongkong Land Holdings Ltd.		101,200		361,284
Keppel Corp. Ltd.		241,100		1,199,327
Olam Group Ltd.		94,300		72,432
Oversea-Chinese Banking Corp. Ltd.		62,349		584,265
Seatrium Ltd. *		5,948,805		583,131
Singapore Airlines Ltd. @		34,949		165,158
United Overseas Bank Ltd.		39,600		825,604
UOL Group Ltd. @		47,218		221,755
Wilmar International Ltd.		273,400		746,000
				5,326,592
Spain — 2.6%
Banco Bilbao Vizcaya Argentaria SA		91,765		748,013
Banco Bilbao Vizcaya Argentaria SA, ADR @		198,481		1,597,772
Banco de Sabadell SA		74,625		86,826
Banco Santander SA		1,654,430		6,329,286
Banco Santander SA, ADR		210,864		792,849
CaixaBank SA		146,848		587,796
Repsol SA		211,452		3,480,792
Telefonica SA, ADR @		6,496		26,439
				13,649,773
Sweden — 2.6%
Boliden AB		34,071		980,603
Dometic Group AB ±		15,032		95,292

	SHARES		VALUE†
Electrolux AB, Class B *		4,602	$	47,618
Essity AB, B Shares		3,803		82,113
Getinge AB, B Shares		7,190		126,814
Holmen AB, B Shares		8,941		348,456
Husqvarna AB, B Shares @		42,676		327,095
Loomis AB		8,247		222,375
Millicom International Cellular SA, SDR *		20,565		319,518
Saab AB, Class B		4,192		213,637
Securitas AB, B Shares @		59,785		474,207
Skandinaviska Enskilda Banken AB, Class A		140,768		1,683,333
Skanska AB, B Shares @		40,249		663,108
SKF AB, B Shares		64,782		1,080,041
SKF AB, Class A		839		13,992
SSAB AB, A Shares		29,362		165,816
SSAB AB, B Shares		84,454		464,570
Svenska Cellulosa AB SCA, A Shares		244		3,350
Svenska Cellulosa AB SCA, B Shares		25,812		354,262
Svenska Handelsbanken AB, A Shares @		54,423		485,972
Svenska Handelsbanken AB, B Shares @		1,918		20,259
Swedbank AB, A Shares		38,879		716,334
Swedish Orphan Biovitrum AB @*		7,957		162,701
Tele2 AB, B Shares @		67,789		519,203
Telefonaktiebolaget LM Ericsson, B Shares @		195,119		952,418
Telia Co. AB		297,136		613,823
Trelleborg AB, B Shares		10,544		262,694
Volvo AB, B Shares		101,851		2,103,106
Volvo Car AB, Class B *		39,107		159,069
				13,661,779
Switzerland — 9.9%
Alcon, Inc. µ		30,384		2,354,772
Alcon, Inc.		1,965		151,423
Baloise Holding AG		4,379		635,789
Banque Cantonale Vaudoise @		1,642		172,299
Barry Callebaut AG		242		385,466
Cie Financiere Richemont SA, Class A		33,824		4,138,622
DSM-Firmenich AG		11,057		936,721
Holcim AG		47,111		3,025,274
Julius Baer Group Ltd.		36,354		2,337,681
Lonza Group AG		4,850		2,255,050
Novartis AG		122,351		12,547,210
Novartis AG, ADR @		2,863		291,625
SIG Group AG @		33,586		830,706
Swatch Group AG (The) µ		6,226		305,059
Swatch Group AG (The) µ		1,459		375,210
Swiss Life Holding AG		4,035		2,519,699
Swiss Prime Site AG		1,574		144,357
Swiss Re AG		23,316		2,402,540
Swisscom AG		4,128		2,454,206
UBS Group AG		270,713		6,710,524
Zurich Insurance Group AG		17,576		8,066,508
				53,040,741
United Kingdom — 13.2%
Anglo American PLC		68,697		1,898,879
Associated British Foods PLC		19,275		486,340
Aviva PLC		239,234		1,137,785
Barclays PLC, ADR		344,451		2,683,273
Barratt Developments PLC		47,310		254,616
BP PLC		299,981		1,944,960

The accompanying notes are an integral part of these portfolio of investments.

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
United Kingdom (Continued)
BP PLC, ADR		79,258	$	3,068,870
British American Tobacco PLC		112,193		3,527,570
BT Group PLC		1,231,112		1,752,927
DCC PLC		2,839		159,650
DS Smith PLC		141,276		494,877
Endeavour Mining PLC @		18,998		372,337
Glencore PLC		465,148		2,666,810
HSBC Holdings PLC, ADR @		204,163		8,056,272
Investec PLC		25,929		152,390
J Sainsbury PLC		275,751		850,530
Kingfisher PLC		340,498		927,681
Lloyds Banking Group PLC		5,603,835		3,033,683
Lloyds Banking Group PLC, ADR		217,015		462,242
Marks & Spencer Group PLC *		24,148		69,709
Melrose Industries PLC		105,417		603,482
NatWest Group PLC		151,590		435,939
Natwest Group PLC, ADR @		116,916		681,620
Persimmon PLC		11,130		146,321
Shell PLC, ADR		437,830		28,187,495
Standard Chartered PLC		199,242		1,842,661
Taylor Wimpey PLC		139,975		200,329
Tesco PLC		378,871		1,221,292
Vodafone Group PLC		3,172,869		2,973,869
				70,294,409
United States — 0.4%
CRH PLC		40,650		2,224,774
TOTAL COMMON STOCKS
(Identified Cost $442,080,384)				523,861,775
PREFERRED STOCKS — 0.9%
Germany — 0.8%
Bayerische Motoren Werke AG, 9.704%		7,858		733,585
Henkel AG & Co. KGaA, 2.753%		2,169		154,698
Porsche Automobil Holding SE, 5.497%		13,773		679,294
Volkswagen AG, 25.579%		24,782		2,854,312
				4,421,889
Italy — 0.1%
Telecom Italia SpA, 6.500% *		711,381		223,602
TOTAL PREFERRED STOCKS
(Identified Cost $7,399,669)				4,645,491
SHORT-TERM INVESTMENTS — 5.9%
Investment Company — 0.1%
State Street Institutional U.S. Government Money Market Fund 5.040%		435,970		435,970
Collateral For Securities On Loan — 5.8%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		31,139,527		31,139,527
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $31,575,497)				31,575,497
Total Investments — 104.8%
(Identified Cost $481,055,550)				560,082,763
Liabilities, Less Cash and Other Assets — (4.8%)				(25,543,179	)
Net Assets — 100.0%			$	534,539,584

† See Note 1

@ A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $45,453,997.

± 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, 2023 amounted to $3,669,592 or 0.69% of the net assets of the Fund.

* Non-income producing security

¥ Traded on the Canada, Toronto Stock Exchange.

<> Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Fund’s Board of Trustees. See Note 1

= 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, 2023
(As a percentage of net assets) (Unaudited)

Industry	Percentage
Commercial Banks		18.1	%
Oil, Gas & Consumable Fuels		15.4	%
Automobiles		7.7	%
Insurance		6.5	%
Metals & Mining		5.8	%
Pharmaceuticals		4.8	%
Chemicals		4.5	%
Automobile Components		2.5	%
Capital Markets		2.5	%
Machinery		2.4	%

Country weightings as of September 30, 2023
(As a percentage of long-term investments) (Unaudited)

Country	Percentage
Japan		22.3	%
United Kingdom		13.3	%
France		11.8	%
Switzerland		10.0	%
Canada		9.4	%
Germany		7.4	%
Australia		6.1	%
Netherlands		4.5	%
Sweden		2.6	%
Other		12.6	%
		100.0	%

SA International Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
MUTUAL FUNDS — 100.0%
Others — 100.0%
DFA International Small Company Portfolio £		13,324,673	$	235,047,238
TOTAL MUTUAL FUNDS
(Identified Cost $139,257,718)				235,047,238
Total Investments — 100.0%
(Identified Cost $139,257,718)				235,047,238
Liabilities in excess of Cash and Other Assets — (0.0%)				(41,449	)
Net Assets — 100.0%			$	235,005,789

† 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 Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 98.0%
Belgium — 0.0%
Titan Cement International SA		2,956	$	55,317
Brazil — 3.5%
Atacadao SA		28,162		49,864
Banco Bradesco SA		70,133		176,639
Banco Bradesco SA, ADR		136,380		388,683
Banco do Brasil SA		51,498		483,368
Banco Santander Brasil SA		19,597		101,561
BRF SA *		71,118		144,173
Camil Alimentos SA		8,900		13,616
Cia Brasileira de Distribuicao *		20,555		14,313
Cia Siderurgica Nacional SA		34,656		83,700
Cia Siderurgica Nacional SA, ADR		17,252		41,232
Cogna Educacao *		137,975		73,015
Cyrela Brazil Realty SA Empreendimentos e Participacoes		30,113		121,433
Dexco SA		34,954		53,545
Embraer SA *		7,694		26,358
Embraer SA, ADR *		12,729		174,642
Enauta Participacoes SA		13,118		46,975
Ez Tec Empreendimentos e Participacoes SA		8,100		30,327
Gerdau SA, ADR		101,234		482,886
Grupo Casas Bahia SA *		143,195		17,947
Grupo De Moda Soma SA		32,600		43,129
Hapvida Participacoes e Investimentos SA *±		222,277		207,837
Iochpe Maxion SA		12,197		33,243
IRB Brasil Resseguros SA *		5,122		44,836
Jalles Machado SA *<>		481		819
Jalles Machado SA		15,200		25,885
JBS SA		63,545		228,186
JHSF Participacoes SA		40,831		38,666
Movida Participacoes SA		18,600		43,960
MRV Engenharia e Participacoes SA *		25,945		55,074
Natura & Co. Holding SA *		68,808		199,311
Petroleo Brasileiro SA		344,373		2,595,875
Petroleo Brasileiro SA, ADR		1,600		23,984
Positivo Tecnologia SA		9,100		13,035
TIM SA		62,197		184,244
Tupy SA		3,847		20,810
Vale SA		20,412		274,431
YDUQS Participacoes SA		12,700		50,203
Zamp SA *		22,200		27,073
				6,634,878
British Virgin Islands — 0.0%
AsiaInfo Technologies Ltd. ±		13,200		14,800
Canada — 0.0%
China Gold International Resources Corp. Ltd.		13,700		60,182
Cayman Islands — 0.0%
Baozun, Inc., Class A *@		4,600		4,599
Edvantage Group Holdings Ltd.		32,244		9,594
Fulgent Sun International Holding Co. Ltd.		8,000		29,492
Gourmet Master Co. Ltd.		5,000		16,341
				60,026
Chile — 0.5%
Banco de Credito e Inversiones SA		410		10,499
CAP SA		4,662		30,234
Cencosud SA		98,037		185,891
Cia Sud Americana de Vapores SA		206,953		12,413
Empresa Nacional de Telecomunicaciones SA		13,467		45,312

	SHARES		VALUE†
Empresas CMPC SA		61,213	$	112,700
Empresas COPEC SA		28,747		203,799
Enel Americas SA *		873,666		100,280
Falabella SA		38,983		87,112
Grupo Security SA		123,808		28,840
Inversiones Aguas Metropolitanas SA		38,384		28,896
PAZ Corp. SA		9,073		5,514
Ripley Corp. SA		81,141		15,275
Sigdo Koppers SA		27,803		37,544
SMU SA		147,411		25,878
Sociedad Matriz SAAM SA		298,644		32,934
SONDA SA		83,103		37,967
				1,001,088
China — 28.0%
360 Security Technology, Inc., Class A *		20,500		27,589
361 Degrees International Ltd.		71,000		35,813
3SBio, Inc. ±		106,000		88,661
A-Living Smart City Services Co. Ltd. *±		52,500		29,632
AAC Technologies Holdings, Inc. @		60,500		103,525
Accelink Technologies Co. Ltd., Class A		7,000		30,917
Addsino Co. Ltd., Class A		16,300		19,170
Advanced Technology & Materials Co. Ltd., Class A		13,900		17,946
Agricultural Bank of China Ltd., H Shares		1,776,000		662,234
Alibaba Group Holding Ltd. *		272,300		2,976,507
Aluminum Corp. of China Ltd., H Shares		328,000		183,457
Angang Steel Co. Ltd., H Shares @		142,999		35,791
Anhui Conch Cement Co. Ltd., H Shares		97,500		259,595
Anhui Guangxin Agrochemical Co. Ltd., Class A		4,312		11,843
Anhui Huilong Agricultural Means of Production Co. Ltd., Class A		6,500		6,470
Anhui Jinhe Industrial Co. Ltd., Class A		5,000		15,690
Anhui Truchum Advanced Materials & Technology Co. Ltd., Class A		13,800		13,244
Anhui Zhongding Sealing Parts Co. Ltd., Class A		13,300		21,997
Asia - Potash International Investment Guangzhou Co. Ltd., Class A *		4,400		16,922
Asia Cement China Holdings Corp.		40,000		13,434
Avary Holding Shenzhen Co. Ltd., Class A		12,300		34,286
AviChina Industry & Technology Co. Ltd., H Shares		254,000		120,660
BAIC Motor Corp. Ltd., H Shares ±		145,000		43,884
Baidu, Inc., ADR *		11,412		1,533,202
Baidu, Inc., Class A *		5,150		87,730
Bank of Beijing Co. Ltd., Class A		98,400		62,375
Bank of Changsha Co. Ltd., Class A		25,500		28,593
Bank of Chengdu Co. Ltd., Class A		26,000		48,981
Bank of China Ltd., H Shares		5,702,902		1,995,409
Bank of Chongqing Co. Ltd., H Shares @		46,500		24,346
Bank of Communications Co. Ltd., H Shares		529,400		320,441
Bank of Guiyang Co. Ltd., Class A		22,500		17,220
Bank of Hangzhou Co. Ltd., Class A		32,101		49,048
Bank of Jiangsu Co. Ltd., Class A		80,100		78,740
Bank of Nanjing Co. Ltd., Class A		61,300		67,560
Bank of Ningbo Co. Ltd., Class A		38,780		142,663
Bank of Shanghai Co. Ltd., Class A		68,500		57,864
Bank of Suzhou Co. Ltd., Class A		22,220		20,960
Baoshan Iron & Steel Co. Ltd., Class A		100,300		83,629
BBMG Corp., H Shares		184,000		19,032
Beijing Capital Development Co. Ltd., Class A		12,200		6,832
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A		48,000		18,664

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Beijing Dabeinong Technology Group Co. Ltd., Class A		18,000	$	16,635
Beijing Easpring Material Technology Co. Ltd., Class A		2,700		15,563
Beijing Energy International Holding Co. Ltd.		310,000		8,551
Beijing Enterprises Holdings Ltd.		46,000		158,601
Beijing Enterprises Water Group Ltd.		448,000		97,827
Beijing GeoEnviron Engineering & Technology, Inc., Class A		11,232		14,455
Beijing Haixin Energy Technology Co. Ltd., Class A *		35,800		16,665
Beijing Jetsen Technology Co. Ltd., Class A *		28,600		20,361
Beijing Jingyuntong Technology Co. Ltd., Class A *		22,000		14,699
Beijing New Building Materials PLC, Class A		10,000		41,142
Beijing Orient National Communication Science & Technology Co. Ltd., Class A *		8,200		12,226
Beijing Originwater Technology Co. Ltd., Class A		5,558		3,904
Beijing Shougang Co. Ltd., Class A *		27,500		14,307
Beijing Shunxin Agriculture Co. Ltd., Class A *		1,300		4,119
Beijing SL Pharmaceutical Co. Ltd., Class A		8,900		15,085
Beijing Yanjing Brewery Co. Ltd., Class A		9,600		13,235
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		108,000		75,854
BGI Genomics Co. Ltd., Class A		1,800		12,857
BOC International China Co. Ltd., Class A		14,300		22,280
BOE Technology Group Co. Ltd., Class A		220,300		116,423
Bohai Leasing Co. Ltd., Class A *		64,900		22,747
Bright Dairy & Food Co. Ltd., Class A		7,700		10,858
Brilliance China Automotive Holdings Ltd. @		178,000		87,966
BTG Hotels Group Co. Ltd., Class A *		5,700		13,446
BYD Electronic International Co. Ltd.		43,500		198,309
C C Land Holdings Ltd. @		106,500		19,720
C&D International Investment Group Ltd.		34,795		84,689
Caitong Securities Co. Ltd., Class A		15,470		16,690
Canmax Technologies Co. Ltd., Class A		4,800		16,889
CECEP Solar Energy Co. Ltd., Class A		30,100		23,861
CECEP Wind-Power Corp., Class A		49,010		21,942
Central China Management Co. Ltd.		81,000		3,672
CGN New Energy Holdings Co. Ltd. @		130,000		34,530
Changjiang Securities Co. Ltd., Class A		39,900		31,848
Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A		4,900		10,653
Chengdu Wintrue Holding Co. Ltd., Class A		8,900		10,223
Chengxin Lithium Group Co. Ltd., Class A		5,600		17,143
China Aircraft Leasing Group Holdings Ltd.		16,000		7,866
China Baoan Group Co. Ltd., Class A		9,000		12,839
China Bohai Bank Co. Ltd., Class H *±		141,000		20,706
China CAMC Engineering Co. Ltd., Class A		20,600		29,868
China Cinda Asset Management Co. Ltd., Class H		664,000		66,985
China Citic Bank Corp. Ltd., H Shares		613,000		284,936
China Coal Energy Co. Ltd., H Shares		181,000		141,916

	SHARES		VALUE†
China Communication Services Corp. Ltd., H Shares		231,600	$	97,302
China Conch Environment Protection Holdings Ltd. *		97,500		20,917
China Conch Venture Holdings Ltd.		98,500		84,023
China Construction Bank Corp., H Shares		7,488,810		4,226,887
China CSSC Holdings Ltd., Class A		6,500		24,829
China Development Bank Financial Leasing Co. Ltd., H Shares ±		128,000		20,595
China Education Group Holdings Ltd. @		30,000		24,403
China Energy Engineering Corp.		88,674		27,437
China Energy Engineering Corp. Ltd., H Shares @		152,000		17,469
China Everbright Bank Co. Ltd., H Shares		241,000		72,322
China Feihe Ltd. ±		243,000		143,362
China Foods Ltd.		86,000		28,334
China Galaxy Securities Co. Ltd., H Shares		194,500		100,343
China Gas Holdings Ltd.		228,400		215,539
China Great Wall Securities Co. Ltd., Class A		8,500		9,659
China Greatwall Technology Group Co. Ltd., Class A		15,387		22,099
China Hongqiao Group Ltd. @		189,000		185,115
China Huiyuan Juice Group Ltd. *§		84,500		—
China International Marine Containers Group Co. Ltd., Class H		74,460		42,978
China Jinmao Holdings Group Ltd.		476,464		61,452
China Jushi Co. Ltd., Class A		22,631		41,829
China Lesso Group Holdings Ltd.		100,000		53,250
China Lilang Ltd.		31,000		14,568
China Medical System Holdings Ltd.		97,000		146,907
China Meheco Co. Ltd., Class A		13,860		23,492
China Merchants Bank Co. Ltd., H Shares		303,500		1,267,337
China Merchants Energy Shipping Co. Ltd., Class A		27,400		24,121
China Merchants Port Holdings Co. Ltd.		99,712		124,147
China Merchants Property Operation & Service Co. Ltd., Class A		5,000		9,878
China Merchants Securities Co. Ltd., H Shares ±		19,660		17,222
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		22,000		37,319
China Minsheng Banking Corp. Ltd., H Shares		395,880		135,483
China Modern Dairy Holdings Ltd. @		290,000		28,515
China National Accord Medicines Corp. Ltd., Class A		6,760		29,274
China National Building Material Co. Ltd., H Shares		396,850		208,283
China National Chemical Engineering Co. Ltd., Class A		38,700		41,222
China National Nuclear Power Co. Ltd., Class A		101,100		101,044
China New Higher Education Group Ltd. ±		74,000		20,317
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. Ltd., Class A *		15,100		9,923
China Nonferrous Mining Corp. Ltd.		70,000		44,963
China Oil & Gas Group Ltd. *		200,000		5,746
China Oilfield Services Ltd., H Shares		122,000		146,445
China Overseas Grand Oceans Group Ltd.		141,402		59,046

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
China Overseas Land & Investment Ltd.		279,000	$	578,596
China Pacific Insurance Group Co. Ltd., H Shares		162,600		406,970
China Petroleum & Chemical Corp., H Shares		1,946,400		1,063,803
China Railway Group Ltd., H Shares		291,000		150,127
China Railway Signal & Communication Corp. Ltd., H Shares ±		149,000		47,568
China Renaissance Holdings Ltd. @±*§		11,300		7,868
China Resources Cement Holdings Ltd.		238,000		61,088
China Resources Double Crane Pharmaceutical Co. Ltd., Class A		6,300		15,060
China Resources Gas Group Ltd.		77,900		228,300
China Resources Land Ltd.		302,000		1,203,226
China Resources Medical Holdings Co. Ltd.		71,500		46,839
China Resources Pharmaceutical Group Ltd. ±		134,500		89,312
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		5,100		34,996
China Risun Group Ltd.		58,000		24,441
China Shanshui Cement Group Ltd. *@		53,000		4,061
China Shenhua Energy Co. Ltd., H Shares		293,000		950,357
China Shineway Pharmaceutical Group Ltd.		36,000		35,996
China South Publishing & Media Group Co. Ltd., Class A		11,600		19,058
China State Construction Engineering Corp. Ltd., Class A		191,200		144,760
China State Construction International Holdings Ltd.		50,000		52,612
China Sunshine Paper Holdings Co. Ltd. *		26,000		8,599
China Taiping Insurance Holdings Co. Ltd.		137,800		137,255
China Tianrui Group Cement Co. Ltd. *@		11,000		7,599
China Tower Corp. Ltd., Class H ±		3,648,000		349,383
China Traditional Chinese Medicine Holdings Co. Ltd.		260,000		121,186
China TransInfo Technology Co. Ltd., Class A *		6,900		11,280
China Travel International Investment Hong Kong Ltd. @		180,000		34,479
China Vanke Co. Ltd., Class H		133,972		147,813
China Yongda Automobiles Services Holdings Ltd.		84,000		32,502
China Zheshang Bank Co. Ltd., Class H		124,800		32,670
Chinasoft International Ltd.		210,000		149,637
Chinese Universe Publishing and Media Group Co. Ltd., Class A		9,200		15,782
Chongqing Changan Automobile Co. Ltd., Class A		40,430		74,394
Chongqing Department Store Co. Ltd., Class A		2,400		10,820
Chongqing Rural Commercial Bank Co. Ltd., H Shares		226,000		83,405
Chow Tai Seng Jewellery Co. Ltd., Class A		9,125		22,113
CIFI Ever Sunshine Services Group Ltd. *		18,000		2,712
CIMC Enric Holdings Ltd.		74,000		64,541
CITIC Ltd.		356,000		327,317
CITIC Securities Co. Ltd., Class H		83,950		170,238
Citychamp Watch & Jewellery Group Ltd. *		62,000		9,342
CMGE Technology Group Ltd. *		90,000		15,400
CMOC Group Ltd., Class H		66,000		42,393
CNGR Advanced Material Co. Ltd., Class A		1,800		12,482
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A		21,460		13,574

	SHARES		VALUE†
CNOOC Energy Technology & Services Ltd., Class A		62,100	$	27,802
CNSIG Inner Mongolia Chemical Industry Co. Ltd.		13,650		15,997
COFCO Biotechnology Co. Ltd., Class A		15,100		14,182
COFCO Joycome Foods Ltd. *@		162,000		35,789
Concord New Energy Group Ltd.		420,000		34,862
Consun Pharmaceutical Group Ltd.		23,000		14,950
COSCO Shipping Development Co. Ltd., H Shares		324,200		35,190
COSCO Shipping Energy Transportation Co. Ltd., H Shares @		74,000		80,889
COSCO Shipping Holdings Co. Ltd., H Shares		244,199		250,406
COSCO Shipping International Hong Kong Co. Ltd.		34,000		14,675
COSCO Shipping Ports Ltd.		156,998		102,648
CPMC Holdings Ltd.		53,000		39,458
CRRC Corp. Ltd., Class H		177,000		85,438
CSG Holding Co. Ltd., Class A		19,500		15,057
CSSC Hong Kong Shipping Co. Ltd.		70,000		12,336
CTS International Logistics Corp. Ltd., Class A		11,000		10,678
Daan Gene Co. Ltd., Class A		9,400		12,574
Daqin Railway Co. Ltd., Class A		85,800		85,635
DBG Technology Co. Ltd., Class A		7,000		16,129
DHC Software Co. Ltd., Class A		28,100		25,007
Dian Diagnostics Group Co. Ltd., Class A		4,800		15,443
Digital China Holdings Ltd.		62,000		19,714
Digital China Information Service Group Co. Ltd., Class A		10,000		16,005
Dong-E-E-Jiao Co. Ltd., Class A		3,300		22,166
Dongfang Electric Corp. Ltd. H Shares		21,000		23,331
Dongxing Securities Co. Ltd., Class A		12,000		13,357
Dongyue Group Ltd.		104,000		78,223
Dynagreen Environmental Protection Group Co. Ltd., Class H		52,000		15,671
E-Commodities Holdings Ltd.		94,000		17,405
EEKA Fashion Holdings Ltd. @		8,000		15,160
Essex Bio-technology Ltd.		37,000		13,513
Eternal Asia Supply Chain Management Ltd., Class A		24,300		14,738
Fangda Carbon New Material Co. Ltd., Class A *		15,700		12,424
Fangda Special Steel Technology Co. Ltd., Class A *		19,000		12,304
Far East Horizon Ltd.		187,000		134,681
FAW Jiefang Group Co. Ltd., Class A *		24,100		28,640
Fiberhome Telecommunication Technologies Co. Ltd., Class A		5,800		15,524
FIH Mobile Ltd. *		203,000		17,368
Financial Street Holdings Co. Ltd., Class A		23,300		13,908
FinVolution Group, ADR		11,439		56,966
Fosun International Ltd.		195,500		123,577
Founder Securities Co. Ltd., Class A		23,800		24,113
Foxconn Industrial Internet Co. Ltd., Class A		58,500		157,782
Fu Shou Yuan International Group Ltd.		44,000		30,678
Fufeng Group Ltd.		153,000		86,162
Fujian Funeng Co. Ltd., Class A		18,330		21,382
Fujian Sunner Development Co. Ltd., Class A		9,000		23,658
Gansu Shangfeng Cement Co. Ltd., Class A		6,240		7,920
GCL Energy Technology Co. Ltd.		4,200		6,665
GCL Technology Holdings Ltd.		395,000		73,644

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
GDS Holdings Ltd., Class A *		72,300	$	99,712
Geely Automobile Holdings Ltd.		455,000		536,870
GEM Co. Ltd., Class A		33,500		27,932
Gemdale Corp., Class A		19,200		17,928
Gemdale Properties & Investment Corp. Ltd.		442,000		18,344
Genertec Universal Medical Group Co. Ltd. ±		75,500		37,697
GF Securities Co. Ltd., Class H		64,200		86,245
Giant Network Group Co. Ltd., Class A		9,400		16,653
GoerTek, Inc., Class A		18,300		39,536
Golden Eagle Retail Group Ltd. *<>		15,000		13,102
Goldwind Science & Technology Co. Ltd., H Shares		47,800		24,111
Gotion High-tech Co. Ltd., Class A *		5,100		16,199
Grand Pharmaceutical Group Ltd.		88,500		47,466
Grandjoy Holdings Group Co. Ltd., Class A *		30,000		15,074
Greattown Holdings Ltd., Class A *		34,100		14,846
Greatview Aseptic Packaging Co. Ltd. *		88,000		24,048
Gree Electric Appliances, Inc., Class A		13,800		68,584
Greentown China Holdings Ltd.		78,500		81,498
Greentown Service Group Co. Ltd. @		102,000		45,849
GRG Banking Equipment Co. Ltd., Class A		12,500		20,708
Guangdong HEC Technology Holding Co. Ltd., Class A *		11,800		10,727
Guangdong Provincial Expressway Development Co. Ltd., Class A		12,700		14,571
Guangdong Tapai Group Co. Ltd., Class A		9,300		10,543
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A		4,200		10,138
Guanghui Energy Co. Ltd., Class A		48,700		50,940
Guangshen Railway Co. Ltd., Class H *		82,000		18,115
Guangxi Liugong Machinery Co. Ltd., Class A		14,900		14,647
Guangzhou Automobile Group Co. Ltd., H Shares		188,000		92,908
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H		16,000		46,074
Guangzhou Haige Communications Group, Inc. Co., Class A		22,300		34,408
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A		18,042		16,525
Guizhou Panjiang Refined Coal Co. Ltd., Class A		9,269		7,830
Guizhou Xinbang Pharmaceutical Co. Ltd., Class A		32,400		21,292
Guosen Securities Co. Ltd., Class A		22,400		28,245
Guosheng Financial Holding, Inc., Class A *		14,131		18,205
Guotai Junan Securities Co. Ltd., H Shares ±		29,000		32,403
Haier Smart Home Co. Ltd., Class A		20,500		66,237
Hainan Meilan International Airport Co. Ltd., H Shares *@		23,000		21,147
Haitian International Holdings Ltd.		44,000		93,271
Haitong Securities Co. Ltd., Class H		169,600		101,791
Han’s Laser Technology Industry Group Co. Ltd., Class A		8,900		28,123
Hang Zhou Great Star Industrial Co. Ltd., Class A		4,400		11,741

	SHARES		VALUE†
Hangcha Group Co. Ltd., Class A		8,000	$	28,006
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A		22,900		30,067
Hangzhou Robam Appliances Co. Ltd., Class A		2,900		10,700
Harbin Electric Co. Ltd., H Shares		74,000		22,585
Health & Happiness H&H International Holdings Ltd.		18,500		22,963
Heilongjiang Agriculture Co. Ltd., Class A		8,000		14,414
Henan Mingtai Al Industrial Co. Ltd., Class A		8,400		15,020
Hengan International Group Co. Ltd.		49,000		156,118
Hengli Petrochemical Co. Ltd., Class A *		35,500		69,989
Hengtong Optic-electric Co. Ltd., Class A		9,680		18,713
Hengyi Petrochemical Co. Ltd., Class A *		25,000		25,157
Hesteel Co. Ltd., Class A		65,500		20,357
Hi Sun Technology China Ltd. *		138,000		10,221
Holitech Technology Co. Ltd., Class A *		35,900		17,203
Hongda Xingye Co. Ltd., Class A *		21,200		5,370
Hope Education Group Co. Ltd. *@±		120,000		7,585
Hopson Development Holdings Ltd. *		92,637		55,954
Hoyuan Green Energy Co. Ltd., Class A		3,300		18,922
Hua Han Health Industry Holdings Ltd. @*§		504,000		—
Hua Hong Semiconductor Ltd. *±		43,000		108,942
Huafon Chemical Co. Ltd., Class A		27,754		26,865
Huaibei Mining Holdings Co. Ltd., Class A		10,400		19,863
Huapont Life Sciences Co. Ltd., Class A		27,600		18,931
Huatai Securities Co. Ltd., Class H ±		58,600		74,831
Huaxi Securities Co. Ltd., Class A		12,600		14,353
Huaxia Bank Co. Ltd., Class A		43,300		33,909
Huaxin Cement Co. Ltd., Class A		7,000		14,347
Huaxin Cement Co. Ltd., Class H		17,700		18,150
Huayu Automotive Systems Co. Ltd., Class A		17,500		44,972
Hubei Biocause Pharmaceutical Co. Ltd., Class A		17,600		7,518
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A		4,400		16,470
Hubei Xingfa Chemicals Group Co. Ltd., Class A		9,400		25,443
Humanwell Healthcare Group Co. Ltd., Class A		9,700		32,125
Hunan Valin Steel Co. Ltd., Class A		47,300		38,726
Hytera Communications Corp. Ltd., Class A *		23,400		19,735
Industrial & Commercial Bank of China Ltd., H Shares		4,746,000		2,284,834
Industrial Bank Co. Ltd., Class A		122,900		274,100
Industrial Securities Co. Ltd., Class A		52,910		46,506
Infore Environment Technology Group Co. Ltd., Class A		12,400		8,454
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A *		169,960		40,023
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A		12,000		22,607
Inner Mongolia ERDOS Resources Co. Ltd., Class A		11,760		14,748
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		55,300		30,966

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A		34,700	$	33,588
Intco Medical Technology Co. Ltd., Class A		5,700		17,442
JCET Group Co. Ltd., Class A		12,895		53,846
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A		20,200		20,244
Jiangsu Eastern Shenghong Co. Ltd., Class A		24,600		38,900
Jiangsu Guotai International Group Co. Ltd., Class A		10,400		10,608
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd., Class A		34,700		18,148
Jiangsu Lihua Animal Husbandry Stock Co. Ltd., Class A		4,320		10,114
Jiangsu Provincial Agricultural Reclamation and Development Corp.		11,200		16,423
Jiangsu Shagang Co. Ltd., Class A		38,000		20,602
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A		10,800		13,559
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A		5,600		26,405
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd., Class A		27,840		17,038
Jiangsu Zhongtian Technology Co. Ltd., Class A		11,500		23,381
Jiangxi Copper Co. Ltd., H Shares		70,000		109,770
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A		7,300		17,250
Jinke Smart Services Group Co. Ltd., Class H *@		12,000		15,079
Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A		15,000		22,898
Jinneng Science&Technology Co. Ltd., Class A		10,600		12,132
Jizhong Energy Resources Co. Ltd., Class A		21,200		19,563
JNBY Design Ltd.		16,500		21,407
Joincare Pharmaceutical Group Industry Co. Ltd., Class A		18,700		31,721
Jointown Pharmaceutical Group Co. Ltd., Class A		15,943		23,639
Joyoung Co. Ltd., Class A		1,600		3,117
Ju Teng International Holdings Ltd.		56,000		8,152
Kingboard Holdings Ltd.		71,500		160,513
Kingboard Laminates Holdings Ltd.		79,000		55,888
Kingfa Sci & Tech Co. Ltd., Class A		13,400		14,658
Kingsoft Corp. Ltd.		19,200		69,631
Kunlun Energy Co. Ltd.		354,000		305,135
KWG Living Group Holdings Ltd. *		65,000		4,648
Lao Feng Xiang Co. Ltd., Class A		2,700		23,806
LB Group Co. Ltd., Class A		11,200		28,168
Lee & Man Paper Manufacturing Ltd.		122,000		35,676
Legend Holdings Corp., H Shares ±		38,400		34,571
Lenovo Group Ltd.		100,000		103,053
Lens Technology Co. Ltd., Class A		24,140		40,586
Leo Group Co. Ltd., Class A *		48,000		14,918
Lepu Medical Technology Beijing Co. Ltd., Class A		14,700		33,067
LexinFintech Holdings Ltd., ADR		16,062		35,497
Leyard Optoelectronic Co. Ltd., Class A		20,300		18,149
Lianhe Chemical Technology Co. Ltd., Class A		6,700		7,659
Lingyi iTech Guangdong Co., Class A		42,800		33,518

	SHARES		VALUE†
Livzon Pharmaceutical Group, Inc., H Shares		6,800	$	22,273
Longfor Group Holdings Ltd. ±		165,000		296,669
Lonking Holdings Ltd.		158,000		27,642
Luenmei Quantum Co. Ltd., Class A		13,300		11,071
Luoniushan Co. Ltd., Class A		16,000		12,530
Luxi Chemical Group Co. Ltd., Class A		8,600		13,329
Luye Pharma Group Ltd. *@±		161,500		72,388
Maanshan Iron & Steel Co. Ltd., H Shares		78,000		12,849
Maccura Biotechnology Co. Ltd., Class A		3,800		7,820
Mango Excellent Media Co. Ltd., Class A		11,000		42,635
Maoyan Entertainment *@±		21,200		31,512
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A *		29,300		27,278
Metallurgical Corp. of China Ltd., H Shares		225,000		47,408
Midea Real Estate Holding Ltd. @±		14,000		10,941
Ming Yang Smart Energy Group Ltd., Class A		6,800		14,691
Mingfa Group International Co. Ltd. *		91,000		2,278
Minth Group Ltd.		56,000		144,095
MLS Co. Ltd., Class A		20,000		24,507
MMG Ltd. *@		236,000		72,328
Nanjing Iron & Steel Co. Ltd., Class A		36,600		18,540
Nanjing Xinjiekou Department Store Co. Ltd., Class A		6,900		7,661
NavInfo Co. Ltd., Class A *		10,200		14,146
NetDragon Websoft Holdings Ltd.		25,500		47,151
New China Life Insurance Co. Ltd., H Shares		57,900		139,594
New Hope Liuhe Co. Ltd., Class A *		12,000		18,072
Newland Digital Technology Co. Ltd., Class A *		10,000		26,081
Nexteer Automotive Group Ltd.		69,000		37,624
Nine Dragons Paper Holdings Ltd. *		173,000		97,204
Ningbo Huaxiang Electronic Co. Ltd., Class A		8,950		17,473
Ningbo Joyson Electronic Corp., Class A		5,200		12,395
Ningbo Zhoushan Port Co. Ltd., Class A		33,200		15,682
Ningxia Baofeng Energy Group Co. Ltd., Class A		11,600		22,711
Noah Holdings Ltd., ADR		1,172		14,615
Northeast Securities Co. Ltd., Class A		8,500		8,903
Offshore Oil Engineering Co. Ltd., Class A		27,400		24,309
ORG Technology Co. Ltd., Class A		26,800		17,098
Orient Securities Co. Ltd., Class H @±		52,400		26,431
Oriental Energy Co. Ltd., Class A *		11,300		15,471
Oriental Pearl Group Co. Ltd., Class A		10,700		10,885
PAX Global Technology Ltd.		75,000		52,963
People’s Insurance Co. Group of China Ltd. (The), H Shares		305,000		109,444
PetroChina Co. Ltd., H Shares		2,014,000		1,517,389
PICC Property & Casualty Co. Ltd., H Shares		494,000		634,615
Ping An Bank Co. Ltd., Class A		108,500		166,373
Ping An Insurance Group Co. of China Ltd., Class H		505,500		2,895,137
Pingdingshan Tianan Coal Mining Co. Ltd., Class A		15,900		22,444
Poly Property Group Co. Ltd.		200,431		45,559
Postal Savings Bank of China Co. Ltd., Class H ±		571,000		288,747
Power Construction Corp. of China Ltd., Class A		84,900		62,187
Q Technology Group Co. Ltd. *@		31,000		12,707
Qifu Technology, Inc., ADR		5,298		81,377

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Qingdao Hanhe Cable Co. Ltd., Class A		35,800	$	18,282
Radiance Holdings Group Co. Ltd. *@		37,000		14,316
Red Star Macalline Group Corp. Ltd., H Shares @±		35,700		11,899
Redco Properties Group Ltd. *@±§		80,000		5,095
Renhe Pharmacy Co. Ltd., Class A		19,700		19,285
Risen Energy Co. Ltd., Class A		6,400		16,683
Rongsheng Petrochemical Co. Ltd., Class A		51,800		84,465
S-Enjoy Service Group Co. Ltd.		35,000		18,593
SAIC Motor Corp. Ltd., Class A		29,700		60,180
Sailun Group Co. Ltd., Class A		13,900		23,998
Sansteel Minguang Co. Ltd., Class A		13,700		9,097
Sansure Biotech, Inc., Class A		3,333		7,607
Sany Heavy Equipment International Holdings Co. Ltd.		8,000		12,647
Sany Heavy Industry Co. Ltd., Class A		28,800		62,655
Satellite Chemical Co. Ltd., Class A		17,026		35,735
Sealand Securities Co. Ltd., Class A		24,800		12,665
Seazen Group Ltd. *@		188,571		34,435
Seazen Holdings Co. Ltd., Class A *		13,800		25,034
SF Holding Co. Ltd., Class A		14,100		78,762
Shaanxi Coal Industry Co. Ltd., Class A		50,037		126,462
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A		32,400		37,350
Shandong Buchang Pharmaceuticals Co. Ltd., Class A		9,200		22,572
Shandong Chenming Paper Holdings Ltd., H Shares *		35,250		10,353
Shandong Hi-Speed Road & Bridge Co. Ltd., Class A		20,600		18,473
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A		2,700		13,012
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		11,310		49,705
Shandong Humon Smelting Co. Ltd., Class A *		10,800		17,921
Shandong Linglong Tyre Co. Ltd., Class A		7,700		21,422
Shandong Nanshan Aluminum Co. Ltd., Class A		37,900		16,293
Shandong Sun Paper Industry JSC Ltd., Class A		16,800		28,199
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares		156,800		137,759
Shanghai AJ Group Co. Ltd., Class A		16,900		12,402
Shanghai Construction Group Co. Ltd., Class A		55,900		21,047
Shanghai Electric Group Co. Ltd., H Shares *		166,000		38,792
Shanghai Environment Group Co. Ltd., Class A		11,600		15,421
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		9,500		22,322
Shanghai Industrial Holdings Ltd.		45,000		56,545
Shanghai Jinjiang International Hotels Co. Ltd., Class A		1,300		6,692
Shanghai Lingang Holdings Corp. Ltd., Class A		8,760		13,636
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A		13,500		17,707

	SHARES		VALUE†
Shanghai Mechanical and Electrical Industry Co. Ltd., Class A		7,100	$	14,630
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		63,600		99,246
Shanghai Pudong Development Bank Co. Ltd., Class A		118,900		115,578
Shanghai RAAS Blood Products Co. Ltd., Class A		37,200		35,448
Shanghai Tunnel Engineering Co. Ltd., Class A		25,600		20,539
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		18,000		18,335
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A		7,800		25,096
Shanxi Coking Coal Energy Group Co. Ltd., Class A		39,900		54,955
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		26,900		69,938
Shanxi Meijin Energy Co. Ltd., Class A *		31,400		30,179
Shanxi Securities Co. Ltd., Class A		24,700		19,445
Shanxi Taigang Stainless Steel Co. Ltd., Class A		34,300		18,972
Shenghe Resources Holding Co. Ltd., Class A		11,000		16,370
Shengyi Technology Co. Ltd., Class A		9,946		20,916
Shenwan Hongyuan Group Co. Ltd., H Shares ±		43,200		8,165
Shenzhen Agricultural Products Group Co. Ltd., Class A		15,600		14,716
Shenzhen Airport Co. Ltd., Class A *		16,200		15,082
Shenzhen Aisidi Co. Ltd., Class A		14,200		14,484
Shenzhen Huaqiang Industry Co. Ltd., Class A		5,900		9,055
Shenzhen International Holdings Ltd.		107,733		66,448
Shenzhen Investment Ltd.		323,060		51,568
Shenzhen Jinjia Group Co. Ltd., Class A		10,602		8,796
Shenzhen Kaifa Technology Co. Ltd., Class A		5,900		13,902
Shenzhen Kinwong Electronic Co. Ltd., Class A		5,800		17,033
Shenzhen MTC Co. Ltd., Class A		42,300		29,014
Shenzhen Neptunus Bioengineering Co. Ltd., Class A *		28,200		11,776
Shenzhen Overseas Chinese Town Co. Ltd., Class A *		43,200		25,018
Shenzhen Sunway Communication Co. Ltd., Class A		4,700		12,715
Shenzhen Tagen Group Co. Ltd., Class A		25,000		20,742
Shenzhen Yan Tian Port Holding Co. Ltd., Class A		28,200		19,420
Shenzhen YUTO Packaging Technology Co. Ltd., Class A		4,900		16,557
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A		31,900		22,449
Shijiazhuang Changshan BeiMing Technology Co. Ltd., Class A *		26,700		31,693
Shimao Group Holdings Ltd. *		131,000		12,546
Shoucheng Holdings Ltd.		58,400		12,007
Shougang Fushan Resources Group Ltd.		219,790		74,658
Shui On Land Ltd.		280,000		25,386

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Sichuan Development Lomon Co. Ltd., Class A		13,600	$	13,332
Sichuan Hebang Biotechnology Co. Ltd., Class A		84,300		27,007
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		12,500		49,887
Sichuan Road & Bridge Group Co. Ltd., Class A		28,840		34,233
Sichuan Yahua Industrial Group Co. Ltd., Class A		8,400		17,228
Sino-Ocean Group Holding Ltd. *@		261,712		15,206
Sinofert Holdings Ltd. @		244,000		28,666
Sinoma International Engineering Co., Class A		14,600		22,547
Sinoma Science & Technology Co. Ltd., Class A		11,000		30,964
Sinopec Engineering Group Co. Ltd., H Shares		111,000		50,036
Sinopec Kantons Holdings Ltd.		90,000		36,203
Sinopharm Group Co. Ltd., H Shares		140,400		406,985
Sinotrans Ltd., H Shares		145,000		52,957
Sinotruk Hong Kong Ltd.		67,000		129,021
Sinotruk Jinan Truck Co. Ltd., Class A		2,800		6,318
Skyworth Group Ltd.		133,484		50,114
SOHO China Ltd. *		153,500		18,034
SooChow Securities Co. Ltd., Class A		20,280		23,406
STO Express Co. Ltd., Class A *		15,900		22,857
Sun Art Retail Group Ltd. @		172,500		36,566
Sun King Technology Group Ltd. *		54,000		10,757
Suning Universal Co. Ltd., Class A		32,100		12,393
Sunward Intelligent Equipment Co. Ltd., Class A *		10,800		8,990
Suzhou Anjie Technology Co. Ltd., Class A		10,500		19,594
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		10,800		25,639
Tangshan Jidong Cement Co. Ltd., Class A		10,000		10,323
TangShan Port Group Co. Ltd., Class A		55,900		28,241
Tangshan Sanyou Chemical Industries Co. Ltd., Class A		11,600		9,402
TBEA Co. Ltd., Class A		27,300		55,392
TCL Electronics Holdings Ltd. *		99,667		38,818
TCL Technology Group Corp., Class A *		78,540		43,872
Tencent Music Entertainment Group, ADR *		18,038		115,082
Tian Di Science & Technology Co. Ltd., Class A		40,500		30,109
Tiande Chemical Holdings Ltd.		36,000		7,263
Tiangong International Co. Ltd.		100,000		32,563
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A		30,700		19,292
Tianma Microelectronics Co. Ltd., Class A *		15,500		19,566
Tianneng Power International Ltd. @		74,000		70,117
Tianshan Aluminum Group Co. Ltd., Class A		18,200		16,321
Tianshui Huatian Technology Co. Ltd., Class A		35,100		43,154
Titan Wind Energy Suzhou Co. Ltd., Class A *		8,800		15,554
Tofflon Science & Technology Group Co. Ltd., Class A		3,500		9,090
Tomson Group Ltd.		1,275		267

	SHARES		VALUE†
Tong Ren Tang Technologies Co. Ltd., Class H		41,000	$	32,618
Tongdao Liepin Group *		18,400		16,448
TongFu Microelectronics Co. Ltd., Class A		10,100		26,508
Tongkun Group Co. Ltd., Class A *		11,100		22,416
Tongling Nonferrous Metals Group Co. Ltd., Class A		49,000		21,400
Tongyu Heavy Industry Co. Ltd., Class A		40,800		14,244
Topsec Technologies Group, Inc., Class A *		7,000		8,587
Transfar Zhilian Co. Ltd., Class A		27,553		19,654
Trip.com Group Ltd., ADR *		26,828		938,175
Uni-President China Holdings Ltd.		92,000		64,615
Unisplendour Corp. Ltd., Class A *		13,940		44,984
United Energy Group Ltd.		692,000		101,622
Universal Scientific Industrial Shanghai Co. Ltd., Class A		10,000		19,975
Victory Giant Technology Huizhou Co. Ltd., Class A		9,400		28,776
Vinda International Holdings Ltd.		21,000		50,469
Vipshop Holdings Ltd., ADR *		31,293		501,001
Viva Biotech Holdings *±		27,000		4,344
Wangsu Science & Technology Co. Ltd., Class A		20,900		19,114
Wanxiang Qianchao Co. Ltd., Class A		42,900		30,542
Wasion Holdings Ltd.		48,000		17,837
Wasu Media Holding Co. Ltd., Class A		20,700		21,765
Weibo Corp., ADR		2,074		26,008
Weichai Power Co. Ltd., H Shares		151,000		205,551
Weifu High-Technology Group Co. Ltd., Class A		5,600		12,873
Wellhope Foods Co. Ltd., Class A		7,700		9,330
West China Cement Ltd.		198,000		18,458
Western Securities Co. Ltd., Class A		22,600		20,422
Wharf Holdings Ltd. (The) @		70,000		175,560
Wingtech Technology Co. Ltd., Class A *		3,900		23,307
Wolong Electric Group Co. Ltd., Class A		11,600		19,106
Wuchan Zhongda Group Co. Ltd., Class A		29,100		18,885
Wuhu Token Science Co. Ltd., Class A		16,000		13,472
Wushang Group Co. Ltd., Class A		12,600		15,940
Wuxi Taiji Industry Co. Ltd., Class A *		14,900		13,280
XCMG Construction Machinery Co. Ltd., Class A		47,400		41,338
Xiamen C & D, Inc., Class A		17,600		23,903
Xiamen ITG Group Corp. Ltd., Class A		17,300		18,664
Xiamen Tungsten Co. Ltd., Class A		7,300		17,140
Xiamen Xiangyu Co. Ltd., Class A		22,200		20,698
Xiaomi Corp., Class B *±		552,400		870,471
Xinfengming Group Co. Ltd., Class A *		4,000		7,201
Xingda International Holdings Ltd.		81,992		14,658
Xinhu Zhongbao Co. Ltd., Class A		44,900		15,184
Xinhua Winshare Publishing and Media Co. Ltd., Class H		36,000		28,364
Xinjiang Tianshan Cement Co. Ltd., Class A		4,500		4,793
Xinjiang Zhongtai Chemical Co. Ltd., Class A		14,500		13,559
Xinte Energy Co. Ltd., Class H *@		22,800		45,012
Xinxing Ductile Iron Pipes Co. Ltd., Class A		18,100		10,234
Xinyi Energy Holdings Ltd.		141,138		30,099
Xinyu Iron & Steel Co. Ltd., Class A		27,300		15,324
XPeng, Inc., Class A *@		12,500		111,656
Xuji Electric Co. Ltd., Class A		9,300		24,689
Yankuang Energy Group Co. Ltd., Class H @		179,000		338,299
Yantai Changyu Pioneer Wine Co. Ltd., Class A		3,700		15,005

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		7,300	$	31,872
YiChang HEC ChangJiang Pharmaceutical Co. Ltd., H Shares *±		25,600		21,837
Yifan Pharmaceutical Co. Ltd., Class A *		7,200		13,515
Yintai Gold Co. Ltd., Class A		19,400		37,796
Yixintang Pharmaceutical Group Co. Ltd., Class A		2,800		8,890
Yonfer Agricultural Technology Co. Ltd., Class A		6,900		10,080
YongXing Special Materials Technology Co. Ltd., Class A		2,400		14,924
Youngor Group Co. Ltd., Class A		11,500		11,194
YTO Express Group Co. Ltd., Class A		21,200		43,625
Yunda Holding Co. Ltd., Class A		16,500		22,274
Yunnan Aluminium Co. Ltd., Class A		18,200		37,626
Yunnan Baiyao Group Co. Ltd., Class A		5,460		39,843
Yunnan Copper Co. Ltd., Class A		8,100		13,053
Yunnan Tin Co. Ltd., Class A		14,600		28,644
Zhefu Holding Group Co. Ltd., Class A		16,400		8,712
Zhejiang Century Huatong Group Co. Ltd., Class A *		39,280		25,975
Zhejiang China Commodities City Group Co. Ltd., Class A		30,700		37,996
Zhejiang Chint Electrics Co. Ltd., Class A		13,100		41,771
Zhejiang Crystal-Optech Co. Ltd., Class A		12,400		18,946
Zhejiang Dahua Technology Co. Ltd., Class A		19,700		60,065
Zhejiang Hailiang Co. Ltd., Class A		19,700		31,745
Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A		12,700		14,953
Zhejiang Huace Film & Television Co. Ltd., Class A		30,500		24,094
Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A		9,000		10,276
Zhejiang JIULI Hi-tech Metals Co. Ltd., Class A		4,400		11,626
Zhejiang Juhua Co. Ltd., Class A		7,900		16,462
Zhejiang Longsheng Group Co. Ltd., Class A		19,300		24,548
Zhejiang Medicine Co. Ltd., Class A		10,400		15,905
Zhejiang NHU Co. Ltd., Class A		12,240		27,215
Zhejiang Orient Financial Holdings Group Co. Ltd., Class A		17,420		8,968
Zhejiang Runtu Co. Ltd., Class A		19,400		18,646
Zhejiang Semir Garment Co. Ltd., Class A		21,700		18,271
Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A		24,800		18,199
Zhejiang Wanliyang Co. Ltd., Class A *		11,400		13,454
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A		14,980		20,776
Zhengzhou Coal Mining Machinery Group Co. Ltd., H Shares		21,400		20,878
Zhongjin Gold Corp. Ltd., Class A		32,000		47,930
Zhongshan Broad Ocean Motor Co. Ltd., Class A		22,200		16,018
Zhongsheng Group Holdings Ltd.		62,500		175,984
Zhuhai Huafa Properties Co. Ltd., Class A		11,600		15,215

	SHARES		VALUE†
Zhuzhou CRRC Times Electric Co. Ltd., Class H		23,200	$	80,287
Zhuzhou Kibing Group Co. Ltd., Class A		10,500		11,788
Zoomlion Heavy Industry Science & Technology Co. Ltd., H Shares		85,800		46,675
				52,749,154
Colombia — 0.1%
Almacenes Exito SA BDR *		20,555		56,923
Bancolombia SA		5,606		42,333
Bancolombia SA, ADR @		1,030		27,480
CEMEX Latam Holdings SA *§		13,000		8,106
Corp. Financiera Colombiana SA		2,308		7,778
Grupo Argos SA		22,537		51,647
				194,267
Czech Republic — 0.1%
CEZ A/S		959		40,732
Komercni Banka, A/S		5,768		167,992
Moneta Money Bank AS ±		17,580		63,850
				272,574
Greece — 0.5%
Alpha Services & Holdings SA *		127,150		169,179
Bank of Greece		859		14,485
Eurobank Ergasias Services & Holdings SA, Class A *		168,065		259,245
Fourlis Holdings SA		3,046		14,025
Helleniq Energy Holdings SA		5,260		41,208
Motor Oil Hellas Corinth Refineries SA		4,222		106,861
Mytilineos SA		743		27,400
National Bank of Greece SA *		30,271		170,902
Piraeus Financial Holdings SA *		18,469		54,869
				858,174
Hong Kong — 0.3%
Alibaba Pictures Group Ltd. *@		910,000		72,047
BOC Aviation Ltd. ±		8,900		62,111
China Zhongwang Holdings Ltd. @*§		154,000		—
Comba Telecom Systems Holdings Ltd.		192,000		25,009
CTEG @*§		98,000		—
Jinmao Property Services Co. Ltd.		6,646		1,935
Lumena New Materials *§		5,599		—
Orient Overseas International Ltd. @		7,000		93,411
Sino Biopharmaceutical Ltd.		234,000		84,564
Vnet Group, Inc., ADR *@		9,629		30,139
Yuexiu Property Co. Ltd.		135,006		155,678
				524,894
Hungary — 0.2%
MOL Hungarian Oil & Gas PLC		44,543		337,899
OTP Bank Nyrt		656		23,689
				361,588
India — 19.2%
ACC Ltd.		5,493		132,957
Aditya Birla Capital Ltd. *		44,000		95,348
Advanced Enzyme Technologies Ltd.		3,035		11,768
Ahluwalia Contracts India Ltd.		1,765		14,963
Alembic Pharmaceuticals Ltd.		5,197		49,075
Allcargo Logistics Ltd.		4,985		16,316
Allcargo Terminals Ltd.		4,985		2,053
Amara Raja Batteries Ltd.		8,020		61,521
Ambuja Cements Ltd.		36,667		187,549

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
India (Continued)
Apar Industries Ltd.		1,462	$	96,655
Apollo Tyres Ltd.		31,532		140,077
Arvind Ltd.		13,452		28,106
Aster DM Healthcare Ltd. *±		9,764		38,754
Aurobindo Pharma Ltd.		25,561		282,263
Avanti Feeds Ltd.		2,210		11,771
Axis Bank Ltd.		133,355		1,665,066
Axis Bank Ltd., GDR		12,180		763,686
Bajaj Consumer Care Ltd.		10,520		28,453
Bajaj Holdings & Investment Ltd.		2,428		207,782
Balrampur Chini Mills Ltd.		14,783		77,786
Bandhan Bank Ltd. ±		42,966		129,998
Bank of Baroda		74,524		192,051
Bank of India		26,524		34,768
Bharat Electronics Ltd.		226,132		375,519
Bharat Heavy Electricals Ltd.		96,730		152,711
Birla Corp. Ltd.		3,237		48,102
Birlasoft Ltd.		1,959		11,418
Bombay Burmah Trading Co.		684		10,318
Camlin Fine Sciences Ltd. *		4,352		8,569
Can Fin Homes Ltd.		2,104		19,384
Canara Bank		25,786		117,035
Ceat Ltd.		3,536		90,558
Central Bank of India Ltd. *		45,284		27,948
Century Textiles & Industries Ltd.		3,788		51,318
Chambal Fertilizers and Chemicals Ltd.		14,403		48,079
Cholamandalam Financial Holdings Ltd.		8,070		112,632
CIE Automotive India Ltd.		6,907		39,958
Cipla Ltd.		32,099		459,599
City Union Bank Ltd.		30,829		47,037
Cochin Shipyard Ltd. ±		3,997		52,224
Container Corp. Of India Ltd.		7,508		64,767
Cosmo First Ltd.		1,201		9,950
CSB Bank Ltd. *		3,753		15,185
Cyient Ltd.		6,750		137,859
Dalmia Bharat Ltd.		5,315		153,684
DCB Bank Ltd.		19,962		30,036
DCM Shriram Ltd.		2,904		37,978
Deepak Fertilisers & Petrochemicals Corp. Ltd.		4,535		35,334
DLF Ltd.		37,826		241,875
eClerx Services Ltd.		1,477		32,329
EID Parry India Ltd.		7,288		45,777
Electrosteel Castings Ltd.		23,821		20,568
Engineers India Ltd.		18,093		32,115
EPL Ltd.		5,342		11,985
Equitas Small Finance Bank Ltd. ±		16,074		17,344
Exide Industries Ltd.		26,178		82,372
FDC Ltd. *		3,013		13,936
Federal Bank Ltd.		161,831		286,864
Finolex Cables Ltd.		3,726		50,074
Finolex Industries Ltd.		15,431		41,671
Firstsource Solutions Ltd.		20,730		41,577
Fortis Healthcare Ltd.		26,126		107,126
GAIL India Ltd.		260,433		391,083
Gateway Distriparks Ltd.		25,136		26,228
General Insurance Corp. of India ±		7,543		20,261
GHCL Ltd.		5,527		41,039
GHCL Textiles Ltd. *		5,527		5,351
Glenmark Pharmaceuticals Ltd.		12,966		133,468
Godawari Power and Ispat Ltd.		2,402		18,331
Godfrey Phillips India Ltd.		794		20,892
Godrej Industries Ltd. *		1,769		12,164

	SHARES		VALUE†
Granules India Ltd.		16,905	$	72,279
Grasim Industries Ltd.		17,963		420,601
Great Eastern Shipping Co. Ltd. (The)		8,516		86,656
Gujarat Alkalies & Chemicals Ltd.		2,551		22,425
Gujarat Ambuja Exports Ltd.		4,383		18,436
Gujarat Mineral Development Corp. Ltd.		5,595		21,277
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		8,633		63,468
Gujarat Pipavav Port Ltd.		19,498		29,174
Gujarat State Fertilizers & Chemicals Ltd.		11,602		24,177
Gujarat State Petronet Ltd.		23,082		78,454
HDFC Bank Ltd.		98,376		1,807,620
HEG Ltd.		1,254		26,042
Hero MotoCorp Ltd.		9,748		358,560
HIL Ltd.		469		16,153
Himadri Speciality Chemical Ltd.		10,592		31,110
Hindalco Industries Ltd.		162,157		962,695
Hinduja Global Solutions Ltd.		1,090		13,201
Hindustan Aeronautics Ltd.		4,022		93,622
ICICI Bank Ltd., ADR		80,109		1,852,120
IDFC First Bank Ltd. *		140,953		162,100
IDFC Ltd.		76,058		117,831
IIFL Finance Ltd.		5,565		40,048
IIFL Securities Ltd.		25,376		26,433
India Cements Ltd. (The) *		14,192		39,889
Indiabulls Housing Finance Ltd.		31,451		70,105
Indian Bank		12,211		62,128
Indian Overseas Bank *		76,991		43,529
Indian Railway Finance Corp. Ltd. ±		47,733		44,030
Indus Towers Ltd. *		55,203		127,402
IndusInd Bank Ltd.		28,574		491,900
Infibeam Avenues Ltd.		77,058		16,471
Info Edge India Ltd.		2,802		140,874
IRCON International Ltd. ±		18,858		32,815
ISGEC Heavy Engineering Ltd.		1,061		9,287
Jindal Saw Ltd.		14,261		59,446
Jindal Stainless Ltd.		39,168		224,491
Jindal Steel & Power Ltd.		46,366		391,961
Jio Financial Services Ltd. *		206,554		574,582
JK Lakshmi Cement Ltd.		4,751		36,959
JK Paper Ltd.		10,798		51,128
JK Tyre & Industries Ltd.		10,161		34,078
JM Financial Ltd.		40,467		41,933
JSW Energy Ltd.		37,575		197,691
JSW Steel Ltd.		80,442		754,617
Jubilant Ingrevia Ltd.		2,745		15,867
Jubilant Pharmova Ltd.		9,690		50,999
Kalpataru Projects International Ltd.		5,415		41,407
Karnataka Bank Ltd. (The)		29,326		87,828
Karur Vysya Bank Ltd. (The)		36,209		58,538
Kaveri Seed Co. Ltd. *		2,043		14,798
KEC International Ltd.		9,194		73,704
KNR Constructions Ltd.		3,786		12,902
KRBL Ltd.		5,994		29,320
L&T Finance Holdings Ltd.		78,972		126,720
Larsen & Toubro Ltd.		15,615		569,006
Larsen & Toubro Ltd., GDR		33,937		1,231,913
LG Balakrishnan & Bros Ltd.		1,438		18,441
LIC Housing Finance Ltd.		24,147		134,720
LT Foods Ltd.		16,533		32,950
Lupin Ltd.		15,489		217,923
Maharashtra Seamless Ltd.		3,116		22,964
Mahindra & Mahindra Financial Services Ltd.		54,856		199,101
Mahindra & Mahindra Ltd.		63,982		1,198,681

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
India (Continued)
Mahindra & Mahindra Ltd., GDR		4,830	$	91,045
Manappuram Finance Ltd.		34,315		62,067
Meghmani Organics Ltd.		7,232		6,967
MOIL Ltd.		5,661		15,137
Motilal Oswal Financial Services Ltd.		1,768		18,704
MRF Ltd.		136		175,868
Muthoot Finance Ltd.		6,474		97,685
Natco Pharma Ltd.		1,319		13,844
National Aluminium Co. Ltd.		39,968		46,759
Nava Ltd.		6,116		33,364
NCC Ltd.		30,074		56,116
NESCO Ltd.		965		7,966
NIIT Learning Systems Ltd. *		2,427		12,306
NIIT Ltd. *		2,427		3,573
Nilkamal Ltd.		322		8,822
NMDC Ltd.		47,585		84,866
NMDC Steel Ltd. *		47,585		29,540
NOCIL Ltd.		7,374		20,273
Oberoi Realty Ltd.		9,011		124,681
Orient Cement Ltd.		6,133		13,179
PCBL Ltd.		11,386		23,035
Petronet LNG Ltd.		67,706		196,087
Piramal Enterprises Ltd.		5,901		74,504
Piramal Pharma Ltd. *		29,025		35,652
PNB Housing Finance Ltd. *±		6,492		53,982
PNC Infratech Ltd.		4,201		18,485
Polyplex Corp. Ltd.		1,545		21,601
Power Finance Corp. Ltd.		97,509		296,668
Power Finance Corp. Ltd. *<>		24,377		74,167
Prestige Estates Projects Ltd.		14,610		106,090
PTC India Ltd.		17,788		28,490
Punjab National Bank		115,447		111,566
Quess Corp. Ltd. ±		2,433		12,241
Rain Industries Ltd.		17,328		34,086
Rajesh Exports Ltd. *		7,411		44,770
Rallis India Ltd.		3,389		8,530
Ramco Cements Ltd. (The)		8,242		90,815
Rashtriya Chemicals & Fertilizers Ltd.		16,695		25,412
Raymond Ltd.		3,276		71,089
RBL Bank Ltd. ±		23,414		71,109
REC Ltd.		124,810		432,785
Redington Ltd.		57,900		107,724
Reliance Industries Ltd.		206,554		5,825,536
Reliance Power Ltd. *		223,846		52,160
RITES Ltd.		2,755		16,314
Samvardhana Motherson International Ltd.		65,061		75,136
Shipping Corp. of India Ltd.		14,166		24,855
Shipping Corp. of India Ltd., Spin-off Shares *§		14,166		1,730
Shriram Finance Ltd.		20,316		469,727
Sobha Ltd.		6,105		51,543
South Indian Bank Ltd. (The)		66,795		21,919
Star Cement Ltd. *		7,280		13,369
State Bank of India		69,305		499,332
State Bank of India, GDR		8,728		630,162
Steel Authority of India Ltd.		89,762		101,500
Strides Pharma Science Ltd.		5,470		33,525
Sun Pharmaceutical Industries Ltd.		32,247		450,282
Sun TV Network Ltd.		5,489		40,321

	SHARES		VALUE†
Sunteck Realty Ltd. *		5,951	$	32,248
Surya Roshni Ltd.		773		9,134
Tata Chemicals Ltd.		12,988		161,566
Tata Coffee Ltd.		1,997		6,168
Tata Consumer Products Ltd.		9,028		95,399
Tata Steel Ltd.		430,140		668,458
Tata Steel Ltd., GDR		6,923		106,268
Techno Electric & Engineering Co. Ltd.		2,836		17,243
Thirumalai Chemicals Ltd.		4,154		10,750
TransIndia Real Estate Ltd. *		4,985		2,626
Tube Investments of India Ltd.		732		26,312
TV18 Broadcast Ltd. *		55,772		29,417
TVS Holdings Ltd.		221		14,704
Uflex Ltd.		3,166		17,601
Union Bank of India Ltd.		36,541		46,776
UPL Ltd.		40,601		301,472
Usha Martin Ltd.		14,837		61,641
UTI Asset Management Co. Ltd.		947		8,964
VA Tech Wabag Ltd. *		2,558		14,201
Vardhman Textiles Ltd.		8,165		36,675
Varroc Engineering Ltd. *±		3,632		21,344
Vedanta Ltd.		58,464		156,754
Venky’s India Ltd.		673		15,864
Voltamp Transformers Ltd.		408		21,987
Welspun Corp. Ltd.		11,246		53,020
Welspun India Ltd.		30,613		44,699
West Coast Paper Mills Ltd.		3,247		27,603
Wipro Ltd.		41,058		200,985
Wipro Ltd., ADR @		54,311		262,865
Wockhardt Ltd. *		5,344		15,184
Yes Bank Ltd. *		193,770		40,251
Zee Entertainment Enterprises Ltd. *		70,032		222,726
Zensar Technologies Ltd.		5,610		35,062
Zydus Lifesciences Ltd.		13,699		101,702
Zydus Wellness Ltd.		1,266		23,798
				36,128,506
Indonesia — 2.1%
Ace Hardware Indonesia Tbk PT		625,900		30,374
Adaro Energy Indonesia Tbk PT		1,752,200		323,117
AKR Corporindo Tbk PT		566,700		56,652
Aneka Tambang Tbk		600,600		70,533
Astra Agro Lestari Tbk PT		61,744		29,963
Astra International Tbk PT		1,623,600		653,957
Astra Otoparts Tbk PT		19,600		4,033
Bank Mandiri Persero Tbk PT		728,600		284,038
Bank Maybank Indonesia Tbk PT		568,800		9,790
Bank Negara Indonesia Persero Tbk PT		458,466		306,287
Bank OCBC Nisp Tbk PT		223,000		15,728
Bank Pan Indonesia Tbk PT *		399,700		32,328
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		173,300		13,119
Bank Pembangunan Daerah Jawa Timur Tbk PT		403,000		16,558
Bank Tabungan Negara Persero Tbk PT		537,509		42,430
BISI International Tbk PT		94,000		9,975
Buana Lintas Lautan Tbk PT *		1,041,300		4,986
Bukalapak.com PT Tbk *		1,731,500		24,424
Bukit Asam Tbk PT		339,600		61,526
Bumi Resources Tbk PT *		3,292,800		29,189
Bumi Serpong Damai Tbk PT *		435,700		28,755

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Indonesia (Continued)
Ciputra Development Tbk PT		924,577	$	61,020
Elang Mahkota Teknologi Tbk PT		999,500		37,833
Erajaya Swasembada Tbk PT		1,042,500		30,489
GoTo Gojek Tokopedia Tbk PT *		1,981,100		10,896
Gudang Garam Tbk PT		38,200		60,804
Hanson International Tbk PT *§		5,335,700		—
Harum Energy Tbk PT		170,700		20,820
Indah Kiat Pulp & Paper Tbk PT		294,700		211,658
Indika Energy Tbk PT		180,500		25,694
Indo Tambangraya Megah Tbk PT		52,800		98,989
Indocement Tunggal Prakarsa Tbk PT		78,800		50,732
Indofood Sukses Makmur Tbk PT		407,500		174,680
Japfa Comfeed Indonesia Tbk PT		567,600		47,193
Medco Energi Internasional Tbk PT		1,095,352		114,106
Media Nusantara Citra Tbk PT		629,000		19,780
Pabrik Kertas Tjiwi Kimia Tbk PT		133,200		82,523
Pakuwon Jati Tbk PT		433,100		12,274
Panin Financial Tbk PT *		1,207,600		22,816
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		296,500		19,472
Samudera Indonesia Tbk PT		670,500		15,358
Sawit Sumbermas Sarana Tbk PT		240,200		18,417
Semen Indonesia Persero Tbk PT		278,124		115,622
Sri Rejeki Isman Tbk PT *§		996,900		—
Summarecon Agung Tbk PT		932,100		34,678
Surya Citra Media Tbk PT		1,943,100		19,865
Surya Esa Perkasa Tbk PT		324,100		16,672
Triputra Agro Persada PT		418,500		15,570
Tunas Baru Lampung Tbk PT		363,085		20,439
United Tractors Tbk PT		182,800		334,138
Vale Indonesia Tbk PT		184,400		67,412
XL Axiata Tbk PT		522,966		80,534
				3,888,246
Korea — 12.6%
Amorepacific Corp.		432		39,057
AMOREPACIFIC Group		1,396		31,502
Ananti, Inc. *		3,670		20,044
Asia Paper Manufacturing Co. Ltd.		567		16,135
Binggrae Co. Ltd.		417		17,213
BNK Financial Group, Inc.		20,319		103,146
Boryung		1,586		11,871
CJ CheilJedang Corp.		860		195,657
CJ Corp.		1,381		91,903
CJ ENM Co. Ltd. *		1,200		50,689
CJ Logistics Corp.		649		38,861
Dae Won Kang Up Co. Ltd.		4,223		17,025
Daesang Corp.		2,426		33,602
Daewoo Engineering & Construction Co. Ltd. *		18,960		59,083
Daewoong Co. Ltd.		1,602		18,568
Daishin Securities Co. Ltd.		3,671		39,610
Daou Data Corp.		1,785		16,919
Daou Technology, Inc.		2,149		27,790
DB Insurance Co. Ltd.		3,376		223,666
DB, Inc. *		6,843		9,001
DGB Financial Group, Inc.		18,216		106,240
DI Dong Il Corp.		1,505		30,783
DL E&C Co. Ltd.		3,846		88,782
DL Holdings Co. Ltd.		1,534		48,314
Dong-A Socio Holdings Co., Ltd.		287		21,418
Dong-A ST Co. Ltd.		237		10,538
Dongkuk CM Co. Ltd. *		2,159		12,080

	SHARES		VALUE†
Dongkuk Holdings Co. Ltd.		1,150	$	9,076
Dongkuk Steel Mill Co. Ltd. *		3,583		29,553
Dongwha Pharm Co. Ltd.		736		5,345
Dongwon F&B Co. Ltd.		640		14,727
Dongwon Industries Co. Ltd.		715		16,426
Doosan Bobcat, Inc.		4,635		175,178
Doosan Co. Ltd.		376		31,570
DoubleUGames Co. Ltd.		504		14,940
E-MART, Inc.		1,350		70,431
ENF Technology Co. Ltd.		555		8,098
Eugene Corp.		5,295		13,616
Eugene Investment & Securities Co. Ltd.		8,694		24,257
Fila Holdings Corp.		3,191		85,368
Green Cross Corp.		247		19,897
GS Engineering & Construction Corp.		2,015		20,950
GS Holdings Corp.		4,562		134,892
GS Retail Co. Ltd.		3,803		66,653
Hana Financial Group, Inc.		22,264		700,390
Handsome Co. Ltd.		1,312		18,104
Hanil Holdings Co. Ltd.		1,021		8,406
Hanjin Kal Corp.		418		13,119
Hankook Tire & Technology Co. Ltd.		5,220		153,188
Hansol Paper Co. Ltd.		2,232		17,285
Hansol Technics Co. Ltd.		1,664		7,645
Hanwha Corp.		3,458		61,375
Hanwha Galleria Corp. *		4,602		3,874
Hanwha Investment & Securities Co. Ltd. *		13,449		23,820
Hanwha Life Insurance Co. Ltd. *		20,246		42,836
Hanwha Solutions Corp. *		6,250		137,793
Hanwha Systems Co. Ltd.		1,328		12,075
Harim Holdings Co. Ltd.		2,243		11,702
HD Hyundai Co. Ltd.		3,291		161,697
HD Hyundai Construction Equipment Co. Ltd.		1,558		84,285
HD Hyundai Energy Solutions Co. Ltd.		362		7,109
HD Hyundai Infracore Co. Ltd.		7,764		60,989
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. *		2,470		203,179
HDC Holdings Co. Ltd.		2,781		13,025
HDC Hyundai Development Co.-Engineering & Construction		2,554		19,343
HL Holdings Corp.		389		10,147
HL Mando Co. Ltd.		2,866		89,204
HMM Co. Ltd.		22,647		272,892
Hy-Lok Corp.		918		18,538
Hyosung Corp.		657		30,138
Hyosung Heavy Industries Corp. *		306		38,550
Hyundai Department Store Co. Ltd.		867		40,863
Hyundai Engineering & Construction Co. Ltd.		4,831		129,779
Hyundai GF Holdings		3,524		8,971
Hyundai Glovis Co. Ltd.		1,581		216,049
Hyundai Green Food *		1,871		15,585
Hyundai Home Shopping Network Corp.		716		22,179
Hyundai Marine & Fire Insurance Co. Ltd.		4,572		109,946
Hyundai Mobis Co. Ltd.		3,389		604,013
Hyundai Motor Co.		10,966		1,552,988
Hyundai Steel Co.		5,647		159,233
Hyundai Wia Corp.		941		44,421
Industrial Bank of Korea		20,136		167,278
Innocean Worldwide, Inc.		407		13,271
INTOPS Co. Ltd.		1,491		30,386
IS Dongseo Co. Ltd. *		1,027		21,843
JB Financial Group Co. Ltd.		11,834		87,347
KB Financial Group, Inc., ADR		24,215		995,479

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Korea (Continued)
KC Tech Co. Ltd.		463	$	7,463
KCC Corp.		293		53,523
KCC Glass Corp.		444		13,474
KG Eco Technology Service Co. Ltd.		1,719		15,745
Kia Corp.		23,059		1,390,991
KISWIRE Ltd.		1,165		17,958
KIWOOM Securities Co. Ltd.		1,398		97,800
Kolon Industries, Inc.		1,930		65,435
Korea Asset In Trust Co. Ltd.		5,452		12,707
Korea Circuit Co. Ltd. *		737		8,040
Korea Electric Terminal Co. Ltd.		682		25,776
Korea Investment Holdings Co. Ltd.		2,704		106,405
Korea Line Corp. *		16,631		21,926
Korea Petrochemical Ind Co. Ltd.		144		14,556
Korea Real Estate Investment & Trust Co. Ltd.		10,376		9,281
Korea Zinc Co. Ltd.		457		171,367
Korean Air Lines Co. Ltd.		13,791		222,287
Korean Reinsurance Co.		10,794		65,913
Kumho Petrochemical Co. Ltd.		1,237		122,930
Kumho Tire Co., Inc. *		3,713		12,671
Kwang Dong Pharmaceutical Co. Ltd.		5,019		22,131
LF Corp.		1,623		17,175
LG Corp.		5,347		332,058
LG Display Co. Ltd. *		12,166		118,198
LG Display Co. Ltd., ADR *@		11,299		55,139
LG Electronics, Inc.		10,373		775,630
LG HelloVision Co. Ltd.		4,225		11,835
LG Uplus Corp.		19,185		147,293
Lotte Chemical Corp.		1,267		128,728
Lotte Chilsung Beverage Co. Ltd.		290		26,928
Lotte Corp.		1,582		29,837
LOTTE Fine Chemical Co. Ltd.		1,517		65,766
Lotte Shopping Co. Ltd.		641		33,964
Lotte Wellfood Co. Ltd.		167		13,514
LS Corp.		1,155		86,963
LX Hausys Ltd.		728		24,709
LX Holdings Corp.		2,593		14,412
LX International Corp.		3,459		73,184
Meritz Financial Group, Inc.		4,221		172,669
Mirae Asset Life Insurance Co. Ltd. *		5,257		18,369
Mirae Asset Securities Co. Ltd.		23,824		113,876
MK Electron Co. Ltd.		1,843		16,676
Netmarble Corp. *±		1,028		32,073
Nexen Tire Corp.		5,151		29,775
NH Investment & Securities Co. Ltd.		10,116		76,616
NHN Corp. *		2,376		40,058
NongShim Co. Ltd.		178		62,394
OCI Co. Ltd. *		450		40,651
OCI Holdings Co. Ltd.		995		71,893
Orion Holdings Corp.		2,572		29,124
Ottogi Corp.		131		35,434
Pan Ocean Co. Ltd.		22,750		83,622
Partron Co. Ltd.		1,897		11,078
Poongsan Corp.		1,950		48,844
POSCO Holdings, Inc.		1,386		549,511
POSCO Holdings, Inc., ADR @		12,275		1,258,187
Posco International Corp.		3,288		173,976
S-Oil Corp.		3,801		223,091

	SHARES		VALUE†
Samsung C&T Corp.		4,028	$	321,189
Samsung Card Co. Ltd.		2,083		47,004
Samsung Electronics Co. Ltd.		9,536		483,372
Samsung Electronics Co. Ltd., GDR		1,178		1,484,280
Samsung Fire & Marine Insurance Co. Ltd.		2,717		524,513
Samsung Life Insurance Co. Ltd.		4,057		211,358
Samsung SDS Co. Ltd.		1,615		161,811
Samsung Securities Co. Ltd.		4,720		128,546
Samyang Holdings Corp.		409		21,156
Sangsangin Co. Ltd. *		375		1,333
SD Biosensor, Inc.		2,641		22,253
SeAH Steel Holdings Corp.		235		37,965
Sebang Global Battery Co. Ltd.		697		30,527
Seegene, Inc.		2,156		34,112
Seojin System Co. Ltd. *		932		10,823
Seoul Semiconductor Co. Ltd.		2,206		17,214
SGC Energy Co. Ltd.		395		7,523
Shinhan Financial Group Co. Ltd.		23,813		628,237
Shinhan Financial Group Co. Ltd., ADR		5,343		141,536
Shinsegae International, Inc.		1,209		16,781
Shinsegae, Inc.		629		88,612
Shinyoung Securities Co. Ltd.		511		21,244
SK Chemicals Co. Ltd.		931		43,535
SK Discovery Co. Ltd.		1,247		37,750
SK Gas Ltd.		364		40,435
SK Hynix, Inc.		15,179		1,290,226
SK Innovation Co. Ltd. *		4,736		522,245
SK Networks Co. Ltd.		12,838		58,035
SK Securities Co. Ltd.		36,346		16,538
SK, Inc.		2,700		292,530
SL Corp.		1,820		43,969
SNT Motiv Co. Ltd.		1,086		35,089
Songwon Industrial Co. Ltd.		1,925		24,936
Sung Kwang Bend Co. Ltd.		2,237		24,320
Sungwoo Hitech Co. Ltd.		3,959		26,963
Taeyoung Engineering & Construction Co. Ltd.		2,546		6,698
TYM Corp.		3,499		14,884
Unid Btplus Co. Ltd. *		802		4,743
Unid Co. Ltd.		511		23,327
Webzen, Inc.		2,781		27,534
Woori Financial Group, Inc.		45,228		410,920
Youngone Corp.		2,083		74,635
Youngone Holdings Co. Ltd.		787		46,949
Yuanta Securities Korea Co. Ltd.		11,552		21,488
Zinus, Inc.		1,011		16,633
				23,628,213
Malaysia — 1.5%
Alliance Bank Malaysia Bhd		93,200		67,092
AMMB Holdings Bhd		154,687		121,898
Bank Islam Malaysia Bhd		33,500		15,269
Batu Kawan Bhd		16,500		70,565
Boustead Plantations Bhd		55,720		17,326
Bumi Armada Bhd *		264,700		31,852
CIMB Group Holdings Bhd		502,873		581,567
DRB-Hicom Bhd		119,100		36,273
Gamuda Bhd		129,608		122,286
Genting Bhd		144,900		128,690
Genting Malaysia Bhd		182,600		97,226
Genting Plantations Bhd		7,100		8,166

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Malaysia (Continued)
Hibiscus Petroleum Bhd		140,200	$	33,742
Hong Leong Financial Group Bhd		17,621		66,427
IJM Corp. Bhd		250,560		99,258
IOI Properties Group Bhd		50,050		17,695
Kossan Rubber Industries Bhd		16,400		4,611
Magnum Bhd		86,961		20,744
Mah Sing Group Bhd		205,885		39,465
Malayan Banking Bhd		103,743		194,218
Malaysia Building Society Bhd		205,001		31,873
Matrix Concepts Holdings Bhd		64,200		20,373
Mega First Corp. Bhd		12,800		9,269
MISC Bhd		80,820		121,869
MKH Bhd		36,950		11,017
Oriental Holdings Bhd		25,760		34,948
OSK Holdings Bhd		74,455		19,346
PPB Group Bhd		37,500		123,636
RHB Bank Bhd		156,680		181,199
Sarawak Oil Palms Bhd		30,750		16,831
Sime Darby Bhd		293,600		138,194
Sime Darby Property Bhd		308,000		45,591
SP Setia Bhd Group		143,480		31,475
Sunway Bhd		97,497		40,907
Ta Ann Holdings Bhd		12,260		8,800
Top Glove Corp. Bhd *		84,400		13,931
United Malacca Bhd		14,600		15,859
UOA Development Bhd		18,187		6,546
Yinson Holdings Bhd		96,880		51,171
YTL Corp. Bhd		416,943		134,978
				2,832,183
Mexico — 2.8%
ALEATICA SAB de CV *		17,691		37,255
Alfa SAB de CV, Class A		260,453		169,774
Alpek SAB de CV		27,384		23,460
Banco del Bajio SA ±		38,716		121,319
Cemex SAB de CV *		605,139		394,109
Cemex SAB de CV, ADR *		2,361		15,346
Consorcio ARA SAB de CV		72,788		14,827
Controladora AXTEL SAB DE CV *		260,453		3,288
Corp. Actinver SAB de CV		15,700		13,153
El Puerto de Liverpool SAB de CV, Series C1		11,951		62,555
Fomento Economico Mexicano SAB de CV		56,916		620,450
Genomma Lab Internacional SAB de CV, Series B		44,530		34,239
Gentera SAB de CV		106,289		124,723
Grupo Carso SAB de CV, Series A1		20,689		150,210
Grupo Comercial Chedraui SA de CV		18,270		106,952
Grupo Financiero Banorte SAB de CV, Class O		139,874		1,172,365
Grupo Financiero Inbursa SAB de CV, Class O *		102,758		202,008
Grupo Hotelero Santa Fe SAB de CV *		22,600		5,252
Grupo Mexico SAB de CV, Series B		204,503		966,453
Grupo Traxion SAB de CV *±		16,500		27,968
Industrias CH SAB de CV, Series B *		23,916		264,294
Industrias Penoles SAB de CV *		9,977		117,434
La Comer SAB de CV		31,617		66,255
Megacable Holdings SAB de CV		50,763		112,143
Minera Frisco SAB de CV, Class A1 *		52,254		7,166
Nemak SAB de CV *±		122,975		23,780
Orbia Advance Corp. SAB de CV		75,251		156,223

	SHARES		VALUE†
Organizacion Soriana SAB de CV, Class B *		57,868	$	105,260
Promotora y Operadora de Infraestructura SAB de CV		13,054		116,304
Promotora y Operadora de Infraestructura SAB de CV, Class L		1,600		9,587
Regional SAB de CV		3,006		21,554
				5,265,706
Philippines — 0.7%
ACEN Corp.		28,237		2,451
Alliance Global Group, Inc.		253,300		55,159
Ayala Corp.		10,620		117,132
Ayala Land, Inc.		38,300		19,937
Bank of the Philippine Islands		28,578		56,574
BDO Unibank, Inc.		113,780		285,375
Belle Corp.		176,000		3,857
China Banking Corp.		74,676		40,060
Cosco Capital, Inc.		257,000		22,486
DMCI Holdings, Inc.		385,900		71,074
Filinvest Land, Inc.		1,435,000		16,233
First Philippine Holdings Corp.		26,510		29,122
GT Capital Holdings, Inc.		3,472		34,980
JG Summit Holdings, Inc.		178,383		120,129
LT Group, Inc.		132,300		21,046
Megaworld Corp.		1,004,700		35,872
Metropolitan Bank & Trust Co.		133,237		127,171
Puregold Price Club, Inc.		55,500		28,350
Rizal Commercial Banking Corp.		47,790		19,808
Robinsons Land Corp.		247,455		66,395
Robinsons Retail Holdings, Inc.		31,610		26,092
San Miguel Corp.		41,650		77,740
Security Bank Corp.		37,690		53,261
Top Frontier Investment Holdings, Inc. *		4,630		9,084
Union Bank of the Philippines		42,739		48,725
				1,388,113
Poland — 0.9%
AB SA		845		11,992
Alior Bank SA *		7,253		86,000
Amica SA *		306		4,847
Asseco Poland SA		5,651		92,746
Cognor Holding SA		5,564		9,030
Cyfrowy Polsat SA *		17,146		47,431
Develia SA		16,364		16,500
Echo Investment SA		1,732		1,721
Enea SA *		23,584		39,409
Jastrzebska Spolka Weglowa SA *		4,372		44,054
KGHM Polska Miedz SA		9,866		252,824
Lubelski Wegiel Bogdanka SA		1,684		13,307
ORLEN SA		59,254		796,175
PGE Polska Grupa Energetyczna SA *		60,152		103,240
Tauron Polska Energia SA *		104,053		85,578
				1,604,854
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		22,138
SIIC Environment Holdings Ltd.		67,000		10,010
				32,148

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
South Africa — 2.8%
Absa Group Ltd.		55,331	$	510,914
Aeci Ltd.		11,902		71,033
African Rainbow Minerals Ltd.		9,314		83,672
Aspen Pharmacare Holdings Ltd. @		21,622		196,215
Astral Foods Ltd.		5,245		37,952
Barloworld Ltd.		20,449		93,790
DataTec Ltd.		23,107		43,874
Exxaro Resources Ltd. @		19,227		175,050
Foschini Group Ltd. (The)		25,848		135,003
Grindrod Ltd.		33,342		20,304
Harmony Gold Mining Co. Ltd.		14,397		54,003
Harmony Gold Mining Co. Ltd., ADR		30,759		115,654
Impala Platinum Holdings Ltd. @		74,519		389,091
Investec Ltd.		16,020		92,158
KAP Ltd. *		156,089		19,785
Lewis Group Ltd.		3,337		6,918
Life Healthcare Group Holdings Ltd.		95,918		102,637
Metair Investments Ltd. *		23,331		18,360
Momentum Metropolitan Holdings		100,980		105,387
Motus Holdings Ltd.		14,664		72,818
Mpact Ltd.		15,365		23,615
MTN Group Ltd.		22,966		136,883
Nedbank Group Ltd.		28,026		299,492
Netcare Ltd.		47,898		34,152
Oceana Group Ltd.		7,336		29,253
Old Mutual Ltd.		313,640		199,775
Omnia Holdings Ltd.		16,030		47,699
Pepkor Holdings Ltd. ±		139,829		127,394
Raubex Group Ltd.		16,897		25,211
Reunert Ltd.		14,953		47,512
Sappi Ltd. @		46,866		109,011
Sasol Ltd.		43,988		606,417
Sasol Ltd., ADR		3,934		53,778
Sibanye Stillwater Ltd.		202,105		312,010
Sibanye Stillwater Ltd., ADR @		1,610		9,934
SPAR Group Ltd. (The) @		9,466		58,135
Standard Bank Group Ltd.		60,990		591,805
Super Group Ltd.		41,508		72,520
Telkom SA SOC Ltd. *		28,405		34,865
Thungela Resources Ltd. @		7,105		65,163
Tiger Brands Ltd.		8,247		66,838
Zeda Ltd. *		20,449		12,528
				5,308,608
Taiwan — 17.1%
Acer, Inc.		187,884		211,279
Acter Group Corp. Ltd.		4,000		20,260
Advanced International Multitech Co. Ltd.		8,000		17,447
Altek Corp.		13,000		13,451
Ambassador Hotel (The)		20,000		31,908
AmTRAN Technology Co. Ltd. <>		74,301		27,506
Apex International Co. Ltd.		15,000		26,161
Arcadyan Technology Corp.		11,000		55,033
Ardentec Corp.		39,092		75,688
ASE Technology Holding Co. Ltd.		233,000		790,369
Asia Cement Corp.		158,269		194,891
Asia Optical Co., Inc.		5,000		9,758
Asia Pacific Telecom Co. Ltd. *		125,842		24,950
Asia Polymer Corp.		31,602		23,936

	SHARES		VALUE†
Asustek Computer, Inc.		47,000	$	534,347
AUO Corp.		502,400		255,243
Bank of Kaohsiung Co. Ltd. *		47,740		17,747
Basso Industry Corp.		9,000		11,027
BES Engineering Corp.		40,000		13,445
Bioteque Corp.		3,000		9,851
Bizlink Holding, Inc.		3,029		25,335
Brighton-Best International Taiwan, Inc.		17,000		17,748
Capital Securities Corp.		184,437		83,418
Career Technology MFG. Co. Ltd.		20,400		13,745
Catcher Technology Co. Ltd.		43,000		243,103
Cathay Financial Holding Co. Ltd.		393,170		542,610
Cathay Real Estate Development Co. Ltd.		70,000		32,636
Chang Hwa Commercial Bank Ltd.		306,946		164,025
Chang Wah Electromaterials, Inc.		20,000		19,238
Cheng Loong Corp.		82,000		72,778
Cheng Shin Rubber Industry Co. Ltd.		131,000		172,473
Cheng Uei Precision Industry Co. Ltd.		44,543		56,437
Chia Hsin Cement Corp.		22,440		12,895
Chin-Poon Industrial Co. Ltd.		36,000		43,773
China Airlines Ltd.		278,111		182,648
China Bills Finance Corp.		89,000		39,564
China Chemical & Pharmaceutical Co. Ltd.		19,000		13,538
China Development Financial Holding Corp. *		1,154,559		422,044
China General Plastics Corp.		28,665		22,111
China Man-Made Fiber Corp. *		115,018		27,899
China Metal Products		31,000		34,092
China Motor Corp.		22,478		67,893
China Petrochemical Development Corp. *		389,871		113,288
China Steel Corp.		913,800		714,780
Chipbond Technology Corp.		42,000		88,735
ChipMOS Technologies, Inc.		28,897		33,480
Chun Yuan Steel Industry Co. Ltd.		30,000		15,753
Chung-Hsin Electric & Machinery Manufacturing Corp.		28,000		93,245
Chunghwa Precision Test Tech Co. Ltd.		2,000		35,935
Clevo Co.		43,000		42,094
CMC Magnetics Corp. *		87,979		32,569
Compal Electronics, Inc.		288,000		273,899
Compeq Manufacturing Co. Ltd.		109,000		178,963
Concord Securities Co. Ltd. *		37,000		15,359
Continental Holdings Corp.		42,000		34,869
Coretronic Corp.		40,800		97,069
CTBC Financial Holding Co. Ltd.		1,475,280		1,119,696
CTCI Corp.		9,000		10,999
D-Link Corp.		50,640		31,532
DA CIN Construction Co. Ltd.		9,000		9,256
Da-Li Development Co. Ltd.		12,600		12,256
Darfon Electronics Corp.		17,000		22,724
Darwin Precisions Corp.		55,000		26,920
Depo Auto Parts Ind Co. Ltd.		12,000		49,813
Dyaco International, Inc.		8,114		8,647
Dynapack International Technology Corp.		7,000		17,413
Edom Technology Co. Ltd.		10,000		7,125
Elitegroup Computer Systems Co. Ltd.		35,877		32,953
Ennoconn Corp.		3,116		25,387
ENNOSTAR, Inc. *		36,414		49,521
Entie Commercial Bank Co. Ltd.		68,000		28,860
Eternal Materials Co., Ltd.		42,300		37,150
Eva Airways Corp.		241,478		222,548

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Taiwan (Continued)
Everest Textile Co. Ltd. *		56,568	$	13,406
Evergreen International Storage & Transport Corp.		54,000		47,759
Evergreen Marine Corp. Taiwan Ltd.		65,583		235,673
EVERGREEN Steel Corp.		13,000		28,593
Everlight Chemical Industrial Corp.		56,000		33,568
Everlight Electronics Co. Ltd.		40,000		58,116
Excelsior Medical Co. Ltd.		12,127		33,510
Far Eastern Department Stores Ltd.		85,220		62,304
Far Eastern International Bank		283,151		102,189
Far Eastern New Century Corp.		266,338		237,209
Farglory Land Development Co. Ltd.		26,721		47,845
Feng Hsin Steel Co. Ltd.		14,000		29,145
First Financial Holding Co. Ltd.		578,210		475,565
First Steamship Co. Ltd. *		103,240		26,993
Fitipower Integrated Technology, Inc.		2,600		22,311
FLEXium Interconnect, Inc.		24,000		65,427
Formosa Advanced Technologies Co. Ltd.		20,000		23,884
Formosa Chemicals & Fibre Corp.		176,000		335,311
Formosa Laboratories, Inc.		8,000		21,734
Formosa Petrochemical Corp.		41,000		102,371
Formosa Plastics Corp.		183,000		452,391
Formosa Taffeta Co. Ltd.		49,000		38,632
Formosan Rubber Group, Inc.		18,072		12,820
Formosan Union Chemical		48,179		31,567
Foxconn Technology Co. Ltd.		58,127		103,900
Foxsemicon Integrated Technology, Inc.		1,000		5,747
FSP Technology, Inc.		8,000		12,292
Fu Hua Innovation Co. Ltd.		19,740		17,336
Fubon Financial Holding Co. Ltd.		493,217		927,441
Fulltech Fiber Glass Corp.		32,893		16,813
Fusheng Precision Co. Ltd.		2,000		12,608
G Shank Enterprise Co. Ltd.		10,000		15,179
Gamania Digital Entertainment Co. Ltd.		6,000		12,286
Gemtek Technology Corp.		47,000		53,071
General Interface Solution Holding Ltd.		24,000		43,865
Getac Holdings Corp.		21,000		50,482
Giantplus Technology Co. Ltd.		37,000		15,015
Gigabyte Technology Co., Ltd.		26,000		226,731
Global Brands Manufacture Ltd.		10,000		19,207
Global PMX Co. Ltd.		2,000		8,426
Gloria Material Technology Corp.		34,392		48,423
Goldsun Building Materials Co. Ltd.		82,973		64,388
Grand Pacific Petrochemical		102,000		52,611
Great Wall Enterprise Co. Ltd.		31,330		52,216
Greatek Electronics, Inc.		16,000		27,459
Hannstar Board Corp.		38,929		71,634
HannStar Display Corp. *		35,000		12,577
HannsTouch Holdings Co. *		32,279		9,420
Hey Song Corp.		18,750		22,246
Highwealth Construction Corp.		57,966		70,840
Ho Tung Chemical Corp.		108,688		28,114
Holy Stone Enterprise Co., Ltd.		10,500		31,844
Hon Hai Precision Industry Co. Ltd.		800,068		2,577,627
Hong Pu Real Estate Development Co. Ltd.		20,000		16,481
Hong TAI Electric Industrial		13,000		11,095
Hota Industrial Manufacturing Co. Ltd.		5,000		9,898
Hsin Kuang Steel Co. Ltd.		13,000		18,827
Hua Nan Financial Holdings Co. Ltd.		496,337		315,203
Huaku Development Co. Ltd.		7,000		19,473
Huang Hsiang Construction Corp.		8,000		9,690
Hung Ching Development & Construction Co. Ltd.		20,000		14,064

	SHARES		VALUE†
Hung Sheng Construction Ltd.		50,688	$	29,913
IBF Financial Holdings Co. Ltd. *		125,715		45,370
IEI Integration Corp.		8,000		19,628
Innolux Corp. *		565,506		230,368
International CSRC Investment Holdings Co.		58,604		36,582
Inventec Corp.		158,282		240,263
ITEQ Corp.		15,000		42,379
Kenda Rubber Industrial Co. Ltd.		34,650		31,612
Kerry TJ Logistics Co. Ltd.		9,000		10,302
Kindom Development Co. Ltd.		46,200		47,444
King Yuan Electronics Co. Ltd.		113,100		266,278
King’s Town Bank Co. Ltd.		90,000		103,437
Kinpo Electronics		138,000		65,835
Kinsus Interconnect Technology Corp.		28,000		94,113
KS Terminals, Inc.		14,000		31,313
Kuo Yang Construction Co. Ltd. *		14,000		7,828
Kwong Lung Enterprise Co. Ltd.		12,000		19,665
L&K Engineering Co. Ltd.		16,000		58,239
Largan Precision Co. Ltd.		7,000		462,973
Lealea Enterprise Co. Ltd. *		83,200		27,063
Lelon Electronics Corp.		10,000		18,184
Lien Hwa Industrial Holdings Corp.		49,971		96,597
Lingsen Precision Industries Ltd.		41,000		22,862
Lite-On Technology Corp.		69,874		262,998
Longchen Paper & Packaging Co. Ltd.		92,459		42,104
Lung Yen Life Service Corp. *		16,000		18,116
Macronix International Co. Ltd.		119,171		116,843
MediaTek, Inc.		2,000		45,538
Mega Financial Holding Co. Ltd.		470,101		549,025
Mercuries & Associates Holding Ltd. *		50,184		19,355
Mercuries Life Insurance Co. Ltd. *		72,469		11,494
Micro-Star International Co. Ltd.		31,000		157,494
Mirle Automation Corp.		6,000		7,082
Mitac Holdings Corp.		27,637		34,888
MOSA Industrial Corp.		8,656		6,932
MPI Corp.		6,000		38,104
Namchow Holdings Co. Ltd.		7,000		10,723
Nan Ya Plastics Corp.		290,000		598,318
Nanya Technology Corp.		117,000		237,766
O-Bank Co. Ltd.		91,943		27,087
Orient Semiconductor Electronics Ltd.		42,485		55,277
Oriental Union Chemical Corp.		16,000		9,467
Pan Jit International, Inc.		13,600		26,964
Pan-International Industrial Corp.		34,380		39,460
PChome Online, Inc. *		408		523
Pegatron Corp.		187,249		444,332
Phison Electronics Corp.		6,000		84,757
Pixart Imaging, Inc.		8,000		29,987
POU Chen Corp.		169,133		150,111
Powerchip Semiconductor Manufacturing Corp.		209,000		171,898
Powertech Technology, Inc.		49,000		154,071
President Securities Corp.		86,636		50,322
Primax Electronics Ltd.		25,000		53,593
Prince Housing & Development Corp.		77,970		25,845
Prosperity Dielectrics Co. Ltd.		11,000		15,590
Qisda Corp.		139,400		192,816
Quanta Computer, Inc.		31,000		230,000
Quanta Storage, Inc.		13,000		33,466
Radiant Opto-Electronics Corp.		27,000		102,879
Radium Life Tech Co. Ltd. *		101,477		27,066
Rechi Precision Co. Ltd.		16,000		9,641
Rexon Industrial Corp. Ltd. *		13,000		17,297
Rich Development Co. Ltd. *		19,978		5,787

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Taiwan (Continued)
Ruentex Development Co. Ltd.		39,600	$	43,181
Ruentex Industries Ltd.		37,891		69,020
Sampo Corp.		31,600		27,899
San Fang Chemical Industry Co. Ltd.		13,000		10,592
Sanyang Motor Co. Ltd.		41,573		100,067
Sesoda Corp.		17,193		16,564
Shanghai Commercial & Savings Bank Ltd. (The)		225,618		302,287
ShenMao Technology, Inc.		10,000		18,773
Shih Wei Navigation Co. Ltd.		17,554		10,713
Shihlin Electric & Engineering Corp.		23,000		82,294
Shin Kong Financial Holding Co. Ltd. *		715,108		205,358
Shin Zu Shing Co. Ltd.		16,660		41,391
Shinkong Insurance Co. Ltd.		22,000		41,164
Shinkong Synthetic Fibers Corp.		108,151		51,260
Sigurd Microelectronics Corp.		42,694		75,917
Simplo Technology Co. Ltd.		9,000		93,400
Sincere Navigation Corp.		27,810		20,461
Sinon Corp.		37,000		41,894
SinoPac Financial Holdings Co. Ltd.		757,281		408,193
Soft-World International Corp.		4,000		11,921
St Shine Optical Co. Ltd.		5,000		29,817
Supreme Electronics Co. Ltd.		48,421		82,650
Syncmold Enterprise Corp.		5,000		9,898
Synnex Technology International Corp.		87,300		173,353
TA Chen Stainless Pipe Co. Ltd.		105,444		120,370
TA-I Technology Co. Ltd.		6,000		8,652
TAI-TECH Advanced Electronics Co. Ltd.		3,000		10,176
Taichung Commercial Bank Co. Ltd.		248,058		112,577
TaiDoc Technology Corp.		7,000		32,311
Taiflex Scientific Co. Ltd.		25,740		34,008
Tainan Spinning Co. Ltd.		115,427		52,564
Taishin Financial Holding Co. Ltd.		752,263		417,141
Taiwan Business Bank		378,163		154,637
Taiwan Cement Corp.		380,971		392,413
Taiwan Cooperative Financial Holding Co. Ltd.		220,191		174,622
Taiwan Fertilizer Co. Ltd.		48,000		87,582
Taiwan FU Hsing Industrial Co. Ltd.		21,000		27,811
Taiwan Glass Industry Corp. *		81,321		48,117
Taiwan Hon Chuan Enterprise Co. Ltd.		30,925		101,070
Taiwan Navigation Co. Ltd.		22,000		20,003
Taiwan Paiho Ltd.		12,000		20,148
Taiwan PCB Techvest Co. Ltd.		28,000		39,250
Taiwan Sakura Corp.		6,000		11,877
Taiwan Shin Kong Security Co. Ltd.		10,100		12,547
Taiwan Styrene Monomer *		23,000		11,471
Taiwan Surface Mounting Technology Corp.		21,518		61,327
Taiwan Union Technology Corp.		19,000		80,048
Tatung Co. Ltd. *		115,000		158,176
TCI Co. Ltd.		5,000		27,958
Teco Electric & Machinery Co. Ltd.		101,000		162,699
Test Research, Inc.		11,000		20,718
Thinking Electronic Industrial Co. Ltd.		4,000		18,091
Thye Ming Industrial Co. Ltd.		8,000		13,631
Ton Yi Industrial Corp.		82,000		41,914
Tong Hsing Electronic Industries Ltd.		12,870		59,405
Tong Yang Industry Co. Ltd.		41,921		101,684

	SHARES		VALUE†
Topco Scientific Co. Ltd.		4,115	$	21,607
Topkey Corp.		3,000		15,474
TPK Holding Co. Ltd.		34,000		35,442
Transcend Information, Inc.		10,000		22,490
Tripod Technology Corp.		25,000		149,084
TSRC Corp.		26,000		19,049
Tung Ho Steel Enterprise Corp.		58,290		109,608
TXC Corp.		16,000		47,979
TYC Brother Industrial Co. Ltd.		21,000		28,364
U-Ming Marine Transport Corp.		27,000		40,023
Union Bank of Taiwan		167,374		68,960
Unitech Printed Circuit Board Corp.		71,667		42,072
United Microelectronics Corp.		499,513		699,431
United Microelectronics Corp., ADR @		45,876		323,885
Universal Cement Corp.		48,241		38,930
UPC Technology Corp.		80,916		37,224
USI Corp.		77,130		49,579
Wafer Works Corp.		25,000		34,076
Wah Lee Industrial Corp.		21,420		61,777
Walsin Lihwa Corp.		156,211		178,082
Walsin Technology Corp.		28,000		88,908
Walton Advanced Engineering, Inc.		34,000		14,061
Wan Hai Lines Ltd.		58,000		86,783
Wei Chuan Foods Corp.		14,000		8,002
Weikeng Industrial Co. Ltd.		32,945		28,015
Winbond Electronics Corp.		331,893		260,123
Wisdom Marine Lines Co. Ltd.		27,019		40,553
Wistron Corp.		287,431		903,773
Wistron NeWeb Corp.		6,000		25,650
WPG Holdings Ltd.		154,400		289,854
WT Microelectronics Co. Ltd.		31,265		107,992
Yageo Corp.		25,067		407,682
Yang Ming Marine Transport Corp.		143,000		201,340
YC INOX Co. Ltd.		27,763		23,480
Yem Chio Co. Ltd.		22,666		11,410
Yeong Guan Energy Technology Group Co. Ltd. *		7,000		11,450
YFY, Inc.		110,385		111,307
Yieh Phui Enterprise Co. Ltd.		55,151		26,055
Youngtek Electronics Corp.		12,000		21,115
Yuanta Financial Holding Co. Ltd.		724,621		562,313
Yuen Foong Yu Consumer Products Co. Ltd.		15,000		17,937
Yulon Motor Co. Ltd.		54,247		139,481
YungShin Global Holding Corp.		7,000		9,541
Zeng Hsing Industrial Co. Ltd.		2,148		7,187
Zenitron Corp.		18,000		17,537
Zhen Ding Technology Holding Ltd.		62,000		188,993
Zinwell Corp. *		24,000		17,992
Zyxel Group Corp.		31,438		48,695
				32,146,684
Thailand — 2.1%
AP Thailand PCL		242,500		78,586
Bangchak Corp. PCL		112,900		127,124
Bangkok Bank PCL		48,500		223,103
Bangkok Bank PCL, NVDR		13,300		61,181
Bangkok Insurance PCL		2,100		18,167
Banpu PCL		429,750		94,418
Berli Jucker PCL		64,800		54,723
Cal-Comp Electronics Thailand PCL		310,479		13,813

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Thailand (Continued)
Charoen Pokphand Foods PCL		322,300	$	183,223
GFPT PCL		33,300		9,511
Indorama Ventures PCL		93,600		66,834
IRPC PCL		633,100		35,817
Italian-Thai Development PCL *		563,700		21,209
Kasikornbank PCL, NVDR		27,100		93,776
Khon Kaen Sugar Industry PCL		135,600		10,502
Kiatnakin Phatra Bank PCL		21,900		33,230
Krung Thai Bank PCL		204,575		106,747
Lanna Resources PCL		2,500		1,071
LH Financial Group PCL		302,400		8,471
Precious Shipping PCL		41,900		11,162
Property Perfect PCL		1,000,115		8,789
Pruksa Holding PCL		88,800		31,216
PTT Exploration & Production PCL		101,100		474,785
PTT Global Chemical PCL		116,228		110,123
PTT PCL		883,900		813,200
Quality Houses PCL		338,800		20,842
Regional Container Lines PCL		17,100		10,238
Sansiri PCL		1,106,700		51,365
SC Asset Corp. PCL		188,600		20,200
SCB X PCL		48,100		135,400
Siam Cement PCL (The)		31,500		260,391
Siam City Cement PCL		4,100		15,032
Sino-Thai Engineering & Construction PCL		70,300		18,148
Somboon Advance Technology PCL		20,300		10,147
SPCG PCL		37,500		12,667
Sri Trang Agro-Industry PCL		60,900		24,586
Star Petroleum Refining PCL		80,000		19,993
Supalai PCL		139,400		76,950
Super Energy Corp. PCL *		759,200		9,799
Thai Oil PCL		78,877		109,393
Thai Stanley Electric PCL, NVDR		3,100		15,537
Thai Union Group PCL, Class F		210,500		83,824
Thanachart Capital PCL		17,800		24,442
Thitikorn PCL		10,500		1,759
Thoresen Thai Agencies PCL		37,800		6,332
TMBThanachart Bank PCL		1,537,072		72,606
TPI Polene PCL		676,600		26,943
TPI Polene Power PCL		179,000		16,321
True Corp. PCL		596,339		110,547
WHA Corp. PCL		253,200		36,507
				3,880,750
Turkey — 1.2%
Akbank TAS		317,936		387,991
Albaraka Turk Katilim Bankasi AS *		137,184		20,914
Anadolu Efes Biracilik Ve Malt Sanayii AS		16,612		64,040
Bera Holding AS		42,557		26,541
Dogan Sirketler Grubu Holding AS		84,330		41,091
Enka Insaat ve Sanayi AS		66,291		84,186
Eregli Demir ve Celik Fabrikalari TAS *		61,749		100,263
KOC Holding AS		57,667		308,542
Sekerbank Turk AS		136,606		31,538
TAV Havalimanlari Holding AS *		12,121		55,392
Tekfen Holding AS		16,364		31,990
Turk Hava Yollari AO *		44,707		395,406
Turkiye Garanti Bankasi AS		39,578		76,865
Turkiye Is Bankasi, Class C		247,578		232,422
Turkiye Sinai Kalkinma Bankasi AS *		172,186		50,993
Turkiye Sise ve Cam Fabrikalari AS		63,955		127,474
Turkiye Vakiflar Bankasi TAO, Class D *		80,351		42,141
Vestel Elektronik Sanayi ve Ticaret AS *		6,125		14,163

	SHARES		VALUE†
Yapi ve Kredi Bankasi AS		184,720	$	124,366
Ziraat Gayrimenkul Yatirim Ortakligi AS		89,704		17,863
				2,234,181
United Arab Emirates — 1.7%
Abu Dhabi Commercial Bank PJSC		234,178		551,487
Agthia Group PJSC		33,252		42,458
Aldar Properties PJSC		229,175		359,388
Amanat Holdings PJSC		112,633		32,198
Dana Gas PJSC		333,486		79,988
Deyaar Development PJSC *		130,763		23,959
Dubai Investments PJSC		191,176		128,559
Dubai Islamic Bank PJSC		7,056		11,238
Emaar Development PJSC		84,901		161,802
Emaar Properties PJSC		407,887		892,831
Emirates NBD Bank PJSC		145,337		704,319
EMSTEEL Building Materials PJSC *		11,433		4,731
Manazel PJSC *		139,614		15,052
RAK Properties PJSC *		114,134		36,045
Ras Al Khaimah Ceramics		60,539		42,853
SHUAA Capital PSC *		182,524		16,896
				3,103,804
United Kingdom — 0.1%
Anglogold Ashanti PLC		16,664		263,291
United States — 0.0%
GCC SAB de CV		6,055		57,004
TOTAL COMMON STOCKS (Identified Cost $177,328,941)				184,549,233
PREFERRED STOCKS — 2.0%
Brazil — 1.9%
Banco ABC Brasil SA *		578		2,283
Banco ABC Brasil SA, 7.787%		11,102		43,975
Banco Bradesco SA, 7.049%		100,741		286,597
Banco do Estado do Rio Grande do Sul SA, Class B, 7.650%		14,808		36,265
Banco Pan SA, 3.111%		20,000		32,149
Marcopolo SA, 5.223%		42,283		48,957
Petroleo Brasileiro SA, 10.497%		448,645		3,091,795
Randon SA Implementos e Participacoes, 4.389%		9,200		21,341
Usinas Siderurgicas de Minas Gerais SA, Class A, 4.951%		13,492		17,823
				3,581,185
Colombia — 0.0%
Grupo Argos SA, 8.126%		12,517		20,294
Philippines — 0.0%
Cebu Air, Inc., 6.000%		12,909		7,598
India — 0.1%
Sundaram Clayton Ltd. *<>		221		2,718
Sundaram-Clayton DCD Ltd. *		256		32
TVS Holdings Ltd. *		256,360		31,952
				34,702
TOTAL PREFERRED STOCKS (Identified Cost $2,391,327)				3,643,779
RIGHTS AND WARRANTS — 0.0%
Brazil — 0.0%
Grupo Casas Bahia SA 9/19/24 *		37,721		600
Chile — 0.0%
Banco de Credito e Inversiones SA 10/21/23 *		60		48

The accompanying notes are an integral part of these portfolio of investments.

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited) (Continued)

	SHARES		VALUE†
RIGHTS AND WARRANTS (Continued)
TOTAL RIGHTS AND WARRANTS (Identified Cost $0)				648
SHORT-TERM INVESTMENTS — 1.7%
Investment Company — 0.1%
State Street Institutional U.S. Government Money Market Fund 5.040%		201,439	$	201,439
Collateral For Securities On Loan — 1.6%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		3,057,420		3,057,420
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $3,258,859)				3,258,859
Total Investments — 101.7% (Identified Cost $182,979,127)				191,452,519
Liabilities, Less Cash and Other Assets — (1.7%)				(3,141,561	)
Net Assets — 100.0%			$	188,310,958

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $4,596,033.
±	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, 2023 amounted to $3,998,271 or 2.12% 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 Fund’s Board of Trustees. See Note 1
§	Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Fund’s 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, 2023
(As a percentage of net assets) (Unaudited)  

Industry	Percentage
Commercial Banks		21.9	%
Oil, Gas & Consumable Fuels		11.8	%
Metals & Mining		6.9	%
Electronic Equipment, Instruments & Components		4.5	%
Insurance		4.3	%
Computers & Peripherals		3.9	%
Real Estate Management & Development		3.7	%
Chemicals		3.4	%
Automobiles		3.2	%
Semiconductors & Semiconductor Equipment		3.1	%

Country weightings as of September 30, 2023
(As a percentage of long-term investments) (Unaudited) 

Country	Percentage
China	28.0	%
India	19.2	%
Taiwan	17.1	%
Korea	12.6	%
Brazil	5.4	%
South Africa	2.8	%
Mexico	2.8	%
Indonesia	2.1	%
Thailand	2.1	%
Other	7.9	%
	100.0	%

SA Real Estate Securities Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.1%
Diversified REITs — 2.1%
American Assets Trust, Inc.		6,032	$	117,323
Broadstone Net Lease, Inc.		17,587		251,494
CTO Realty Growth, Inc.		2,292		37,153
Empire State Realty Trust, Inc., Class A		11,500		92,460
Essential Properties Realty Trust, Inc.		15,821		342,208
Gladstone Commercial Corp. @		3,518		42,779
Global Net Lease, Inc.		20,205		194,168
One Liberty Properties, Inc.		1,802		34,004
WP Carey, Inc.		23,367		1,263,687
				2,375,276
Health Care REITs — 9.3%
CareTrust REIT, Inc.		10,478		214,799
Community Healthcare Trust, Inc.		2,728		81,021
Diversified Healthcare Trust		9,600		18,624
Global Medical REIT, Inc.		5,127		45,989
Healthcare Realty Trust, Inc.		40,607		620,069
Healthpeak Properties, Inc.		57,423		1,054,286
LTC Properties, Inc.		3,972		127,620
Medical Properties Trust, Inc. @		62,813		342,331
National Health Investors, Inc.		4,627		237,643
Omega Healthcare Investors, Inc.		24,829		823,330
Physicians Realty Trust		25,667		312,881
Sabra Health Care REIT, Inc.		24,271		338,338
Universal Health Realty Income Trust		1,391		56,238
Ventas, Inc.		42,237		1,779,445
Welltower, Inc.		54,283		4,446,863
				10,499,477
Hotel & Resort REITs — 3.1%
Apple Hospitality REIT, Inc.		24,154		370,522
Braemar Hotels & Resorts, Inc.		5,308		14,703
Chatham Lodging Trust		5,496		52,597
DiamondRock Hospitality Co.		22,079		177,294
Host Hotels & Resorts, Inc.		74,791		1,201,891
Park Hotels & Resorts, Inc.		23,481		289,286
Pebblebrook Hotel Trust @		13,445		182,718
RLJ Lodging Trust		16,642		162,925
Ryman Hospitality Properties, Inc.		5,960		496,349
Service Properties Trust		17,100		131,499
Summit Hotel Properties, Inc.		10,209		59,212
Sunstone Hotel Investors, Inc.		20,859		195,032
Xenia Hotels & Resorts, Inc.		13,264		156,250
				3,490,278
Industrial REITs — 14.1%
Americold Realty Trust, Inc.		28,465		865,621
EastGroup Properties, Inc.		4,697		782,191
First Industrial Realty Trust, Inc.		13,900		661,501
Innovative Industrial Properties, Inc.		2,731		206,628
LXP Industrial Trust		29,881		265,941
Plymouth Industrial REIT, Inc.		4,195		87,885
Prologis, Inc.		97,121		10,897,947
Rexford Industrial Realty, Inc.		21,698		1,070,796
STAG Industrial, Inc.		18,923		653,033
Terreno Realty Corp.		8,820		500,976
				15,992,519
Office REITs — 5.0%
Alexandria Real Estate Equities, Inc.		17,161		1,717,816
Boston Properties, Inc.		15,696		933,598
Brandywine Realty Trust		18,624		84,553
City Office REIT, Inc.		5,176		21,998
COPT Defense Properties		11,998		285,912
Cousins Properties, Inc.		17,110		348,531
Douglas Emmett, Inc. @		17,525		223,619

	SHARES		VALUE†
Easterly Government Properties, Inc.		9,677	$	110,608
Equity Commonwealth		11,558		212,320
Highwoods Properties, Inc.		11,410		235,160
Hudson Pacific Properties, Inc.		12,646		84,096
JBG SMITH Properties		11,344		164,034
Kilroy Realty Corp.		11,447		361,840
Office Properties Income Trust		3,570		14,637
Orion Office REIT, Inc.		6,753		35,183
Paramount Group, Inc.		17,848		82,458
Piedmont Office Realty Trust, Inc., Class A		10,998		61,809
SL Green Realty Corp. @		6,782		252,969
Vornado Realty Trust		18,129		411,166
				5,642,307
Residential REITs — 15.4%
American Homes 4 Rent., Class A		34,139		1,150,143
Apartment Income REIT Corp.		15,754		483,648
Apartment Investment and Management Co., Class A *		15,756		107,141
AvalonBay Communities, Inc.		14,926		2,563,391
Bluerock Homes Trust, Inc. *		412		5,323
BRT Apartments Corp.		400		6,908
Camden Property Trust		11,222		1,061,377
Centerspace		1,825		109,975
Clipper Realty, Inc.		1,167		6,045
Elme Communities		10,445		142,470
Equity LifeStyle Properties, Inc.		18,599		1,184,942
Equity Residential		37,772		2,217,594
Essex Property Trust, Inc.		6,746		1,430,759
Independence Realty Trust, Inc.		23,617		332,291
Invitation Homes, Inc.		64,246		2,035,956
Mid-America Apartment Communities, Inc.		12,248		1,575,705
NexPoint Residential Trust, Inc.		2,449		78,809
Sun Communities, Inc.		13,077		1,547,532
UDR, Inc.		32,856		1,171,974
UMH Properties, Inc.		5,369		75,273
Veris Residential, Inc.		8,319		137,263
				17,424,519
Retail REITs — 13.4%
Acadia Realty Trust		9,876		141,721
Agree Realty Corp.		9,877		545,605
Alexander's, Inc.		303		55,216
Brixmor Property Group, Inc.		31,623		657,126
Federal Realty OP LP		7,728		700,389
Getty Realty Corp.		4,639		128,639
InvenTrust Properties Corp.		6,885		163,932
Kimco Realty Corp.		65,069		1,144,564
Kite Realty Group Trust		23,027		493,238
Macerich Co. (The)		22,595		246,511
NETSTREIT Corp.		6,691		104,246
NNN REIT, Inc.		19,172		677,539
Phillips Edison & Co., Inc.		12,315		413,045
Realty Income Corp.		71,325		3,561,971
Regency Centers Corp.		16,155		960,253
Retail Opportunity Investments Corp.		13,227		163,750
RPT Realty		8,058		85,092
Saul Centers, Inc.		1,383		48,778
Simon Property Group, Inc.		34,345		3,710,290
SITE Centers Corp.		19,796		244,085
Spirit Realty Capital, Inc.		14,821		496,948
Tanger Factory Outlet Centers, Inc.		11,078		250,363
Urban Edge Properties		12,349		188,446
Whitestone REIT		6,078		58,531
				15,240,278

The accompanying notes are an integral part of these portfolio of investments.

SA Real Estate Securities Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Specialized REITs — 36.7%
American Tower Corp.		48,935	$	8,047,361
Crown Castle, Inc.		46,264		4,257,676
CubeSmart		23,598		899,792
Digital Realty Trust, Inc.		31,677		3,833,550
EPR Properties		7,917		328,872
Equinix, Inc.		9,815		7,128,242
Esc War Ind *§		9,141		—
Extra Space Storage, Inc.		22,058		2,681,812
Four Corners Property Trust, Inc.		9,280		205,923
Gaming and Leisure Properties, Inc.		27,569		1,255,768
Global Self Storage, Inc.		2,195		10,668
Iron Mountain, Inc.		30,635		1,821,251
Lamar Advertising Co., Class A		9,189		767,006
National Storage Affiliates Trust		8,894		282,295
Outfront Media, Inc.		16,965		171,346
Public Storage		16,600		4,374,432
SBA Communications Corp.		11,306		2,263,122
Uniti Group, Inc.		20,375		96,170
VICI Properties, Inc.		106,377		3,095,571
				41,520,857
TOTAL COMMON STOCKS
(Identified Cost $72,450,090)				112,185,511
SHORT-TERM INVESTMENTS — 1.0%
Investment Company — 0.5%
State Street Institutional U.S. Government Money Market Fund 5.040%		565,624		565,624
Collateral For Securities On Loan — 0.5%
State Street Navigator Securities Lending Government Money Market Portfolio 5.360%		558,563		558,563
TOTAL SHORT-TERM INVESTMENTS
(Identified Cost $1,124,187)				1,124,187
Total Investments — 100.1%
(Identified Cost $73,574,277)				113,309,698
Liabilities, Less Cash and Other Assets — (0.1%)				(69,486	)
Net Assets — 100.0%			$	113,240,212

† See Note 1

@ A portion or all of the security was held on loan. As of September 30, 2023, the fair value of the securities on loan was $1,027,190.

* Non-income producing security

§ Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Fund’s 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, 2023

(As a percentage of long-term investments) (Unaudited)

Sector	Percentage
Industrial REITs		14.2	%
Retail REITs		13.5	%
Telecom Tower REITs		13.0	%
Multi-Family Residential REITs		10.2	%
Data Center REITs		9.8	%
Health Care REITs		9.4	%
Self Storage REITs		7.4	%
Other Specialized REITs		6.9	%
Single-Family Residential REITs		5.3	%
Other		10.3	%
		100.0	%

SA Worldwide Moderate Growth Fund

PORTFOLIO OF INVESTMENTS — AS OF September 30, 2023 (Unaudited)

	SHARES		VALUE†
MUTUAL FUNDS — 99.9%
Others — 99.9%
SA Emerging Markets Value Fund €		150,356	$	1,443,417
SA Global Fixed Income Fund €		530,770		4,580,542
SA International Value Fund €		351,229		4,313,089
SA Real Estate Securities Fund €		65,121		631,024
SA U.S. Core Market Fund €		132,485		3,545,291
SA U.S. Fixed Income Fund €		207,019		1,968,752
SA U.S. Small Company Fund €		58,866		1,432,204
SA U.S. Value Fund €		192,322		3,590,662
				21,504,981
TOTAL MUTUAL FUNDS
(Identified Cost $20,444,461)				21,504,981
Total Investments — 99.9%
(Identified Cost $20,444,461)				21,504,981
Cash and Other Assets, Less Liabilities — 0.1%				11,369
Net Assets — 100.0%			$	21,516,350

†	See Note 1
€	SA Worldwide Moderate Growth Fund invests substantially all of its assets in the affiliated Underlying SA Funds.

The accompanying notes are an integral part of these portfolio of investments.

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (Unaudited) (Continued)

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 company’s 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 the valuation designee (“Valuation Designee”) appointed by the Board of Trustees pursuant to procedures approved by the Board of Trustees. The Board of Trustees has designated the Adviser as the Valuation Designee for the Funds.

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 Valuation Designee.

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 approved 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 Valuation 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 source’s 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 Trust’s Procedures for Valuing Securities and Assets, as amended. The Valuation Designee may consider various factors, including unobservable market inputs when arriving at fair value. The Valuation 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 Valuation Designee 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.

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.

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (Unaudited) (Continued)

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 Committee’s own assumptions used to determine the fair value of investments).

The tables below provide a summary of the inputs as of September 30, 2023, in valuing each Fund's 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, 2023
SA U.S. Fixed Income Fund
Assets
Yankee Corporate Bonds And Notes	$	—	$	45,889,271		$	—		$	45,889,271
Corporate Bonds and Notes		—		61,987,027			—			61,987,027
U.S. Government and Agency Obligations		—		238,747,914			—			238,747,914
Short-Term Investments		796,712		45,445,609			—			46,242,321
Total Investments	$	796,712	$	392,069,821		$	—		$	392,866,533
SA Global Fixed Income Fund
Assets
Bonds and Notes	$	—	$	524,239,328		$	—		$	524,239,328
Short-Term Investments		16,225,481		126,487,442			—			142,712,923
Other Financial Instruments
Forward Foreign Currency Exchange Contracts		—		6,467,618			—			6,467,618
Total Investments	$	16,225,481	$	657,194,388		$	—		$	673,419,869
Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts	$	—	$	(1,317,481	)	$	—		$	(1,317,481	)
SA U.S. Core Market Fund
Assets
Common Stocks	$	578,372,650	$	32,912		$	4,098	†	$	578,409,660
Mutual Funds		22,880,722		—			—			22,880,722
Short-Term Investments		1,578,361		—			—			1,578,361
Total Investments	$	602,831,733	$	32,912		$	4,098		$	602,868,743

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (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, 2023
SA U.S. Value Fund
Assets
Common Stocks	$	504,093,203	$	—	$	—		$	504,093,203
Short-Term Investments		1,051,845		—		—			1,051,845
Total Investments	$	505,145,048	$	—	$	—		$	505,145,048
SA U.S. Small Company Fund
Assets
Common Stocks	$	285,324,061	$	610,653	$	41,325	†	$	285,976,039
Preferred Stocks		143,625		—		—			143,625
Short-Term Investments		1,992,902		—		—			1,992,902
Total Investments	$	287,460,588	$	610,653	$	41,325		$	288,112,566
SA International Value Fund
Assets
Common Stocks	$	523,495,411	$	366,364	$	—		$	523,861,775
Preferred Stocks		4,645,491		—		—			4,645,491
Short-Term Investments		31,575,497		—		—			31,575,497
Total Investments	$	559,716,399	$	366,364	$	—		$	560,082,763
SA International Small Company Fund
Assets
Mutual Funds	$	235,047,238	$	—	$	—		$	235,047,238
Total Investments	$	235,047,238	$	—	$	—		$	235,047,238
SA Emerging Markets Value Fund
Assets
Common Stocks	$	184,410,840	$	115,594	$	22,799	†	$	184,549,233
Preferred Stocks		3,641,061		2,718		—			3,643,779
Rights and Warrants		648		—		—			648
Short-Term Investments		3,258,859		—		—			3,258,859
Total Investments	$	191,311,408	$	118,312	$	22,799		$	191,452,519
SA Real Estate Securities Fund
Assets
Common Stocks	$	112,185,511	$	—	$	0	†	$	112,185,511
Short-Term Investments		1,124,187		—		—			1,124,187
Total Investments	$	113,309,698	$	—	$	0		$	113,309,698

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (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, 2023
SA Worldwide Moderate Growth Fund
Assets
Mutual Funds	$	21,504,981	$	—	$	—	$	21,504,981
Total Investments	$	21,504,981	$	—	$	—	$	21,504,981

†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.

As of September 30, 2023, 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	$	6,865,725	$	7,044,256	$	—	$	7,044,256
SA U.S Core Market Fund		1,280,810		320,482		995,400		1,315,882
SA U.S. Value Fund		171,783		—		175,914		175,914
SA U.S. Small Company Fund		6,628,602		1,538,775		5,272,960		6,811,735

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (Unaudited) (Continued)

	Value of Securities		Value of Cash Collateral		Value of Non- Cash Collateral*		Total Collateral
SA International Value Fund	$	45,453,997	$	31,139,527	$	16,328,718	$	47,468,245
SA Emerging Markets Value Fund		4,596,033		3,057,420		1,799,158		4,856,578
SA Real Estate Securities Fund		1,027,190		558,563		491,522		1,050,085

*  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, 2023
Securities Lending Transaction(1)	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
SA Global Fixed Income Fund
Government Money Market	$	7,044,256	$	—	$	—	$	—	$	7,044,256
Total Borrowings	$	7,044,256	$	—	$	—	$	—	$	7,044,256
Gross amount of recognized liabilities for securities lending transactions									$	7,044,256
SA U.S. Core Market Fund
Government Money Market	$	320,482	$	—	$	—	$	—	$	320,482
Total Borrowings	$	320,482	$	—	$	—	$	—	$	320,482
Gross amount of recognized liabilities for securities lending transactions									$	320,482
SA U.S. Small Company Fund
Government Money Market	$	1,538,775	$	—	$	—	$	—	$	1,538,775
Total Borrowings	$	1,538,775	$	—	$	—	$	—	$	1,538,775
Gross amount of recognized liabilities for securities lending transactions									$	1,538,775
SA International Value Fund
Government Money Market	$	31,139,527	$	—	$	—	$	—	$	31,139,527
Total Borrowings	$	31,139,527	$	—	$	—	$	—	$	31,139,527
Gross amount of recognized liabilities for securities lending transactions									$	31,139,527
SA Emerging Markets Value Fund
Government Money Market	$	3,057,420	$	—	$	—	$	—	$	3,057,420
Total Borrowings	$	3,057,420	$	—	$	—	$	—	$	3,057,420
Gross amount of recognized liabilities for securities lending transactions									$	3,057,420

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (Unaudited) (Continued)

	Remaining Contractual Maturity of the Agreements As of September 30, 2023
Securities Lending Transaction(1)	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
SA Real Estate Securities Fund
Government Money Market	$	558,563	$	—	$	—	$	—	$	558,563
Total Borrowings	$	558,563	$	—	$	—	$	—	$	558,563
Gross amount of recognized liabilities for securities lending transactions									$	558,563

⁽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 on loan.

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 Fund’s 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.

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 fund’s 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 fund’s statement of operations.

SA FUNDS
NOTES TO FINANCIAL STATEMENTS – September 30, 2023 (Unaudited) (Continued)

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, 2023, the aggregate cost of investment securities, aggregate gross unrealized appreciation (depreciation) and net unrealized appreciation (depreciation) for all securities, including forward foreign currency exchange contracts, 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	$	395,427,233	$	81,743	$	(2,642,443	)	$	(2,560,700	)
SA Global Fixed Income Fund		671,793,402		11,496,213		(11,187,227	)		308,986
SA U.S. Core Market Fund		141,127,733		463,660,979		(1,919,969	)		461,741,010
SA U.S. Value Fund		315,044,844		208,538,317		(18,438,113	)		190,100,204
SA U.S. Small Company Fund		169,208,181		131,510,287		(12,605,902	)		118,904,385
SA International Value Fund		481,055,550		117,368,933		(38,341,720	)		79,027,213
SA International Small Company Fund		139,257,718		95,789,520		—			95,789,520
SA Emerging Markets Value Fund		182,979,127		41,678,595		(33,205,203	)		8,473,392
SA Real Estate Securities Fund		73,574,277		45,504,578		(5,769,157	)		39,735,421
SA Worldwide Moderate Growth		20,444,461		1,179,930		(119,410	)		1,060,520

International Small Company Portfolio

SCHEDULE OF INVESTMENTS

September 30, 2023

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (99.6%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	4,119,255,804
Investment in The Japanese Small Company Series of The DFA Investment Trust Company		2,624,986,408
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company		1,291,157,055
Investment in The Canadian Small Company Series of The DFA Investment Trust Company		1,199,546,927
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company		1,056,556,006
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	10,291,502,200

	Shares
TEMPORARY CASH INVESTMENTS — (0.4%)
State Street Institutional U.S. Government Money Market Fund, 5.290% (Cost $46,050,288)		46,050,288		46,050,288
TOTAL INVESTMENTS — (100.0%) (Cost $9,881,067,249)^^			$	10,337,552,488

†	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, 2023, 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® E-Mini Index		198	12/15/23	$	44,660,080	$	42,822,450	$	(1,837,630	)
Total Futures Contracts				$	44,660,080	$	42,822,450	$	(1,837,630	)

Summary of the Portfolio’s 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	$	10,291,502,200			—		—	$	10,291,502,200
Temporary Cash Investments		46,050,288			—		—		46,050,288
Futures Contracts**		(1,837,630	)		—		—		(1,837,630	)
TOTAL	$	10,335,714,858			—		—	$	10,335,714,858

** 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 (the "1940 Act"), whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At September 30, 2023, the Fund consisted of one hundred and two operational portfolios, of which one, International Small Company Portfolio (the "Portfolio") is included in this report. The Fund’s 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 Portfolio's 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 Portfolio’s 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 Portfolio's 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.

FEDERAL TAX COST

At September 30, 2023, the total cost of securities for federal income tax purposes was $9,179,281.

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 were effective for certain reference rate-related contract modifications that occurred during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and determined the adoption of these ASUs will not have a material impact on the Portfolios’ financial statements.

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, 2023

(Unaudited)

		Shares		Value»
COMMON STOCKS — (98.5%)
COMMUNICATION SERVICES — (2.1%)
#	Akatsuki, Inc.		44,200	$	632,605
*	AlphaPolis Co. Ltd.		11,900		204,658
#	Amuse, Inc.		34,600		363,516
	Asahi Broadcasting Group Holdings Corp.		38,000		180,731
#	Asahi Net, Inc.		109,100		456,771
	Ateam, Inc.		2,100		8,507
	Avex, Inc.		209,600		2,023,100
# *	Bengo4.com, Inc.		45,800		1,478,329
	Broadmedia Corp.		5,520		72,690
#	Bushiroad, Inc.		22,000		82,969
#	Carta Holdings, Inc.		24,600		209,866
#	Ceres, Inc.		18,800		121,089
	COLOPL, Inc.		188,200		742,489
*	COOKPAD, Inc.		190,600		180,995
	Cross Marketing Group, Inc.		25,200		124,113
	Daiichikosho Co. Ltd.		180,400		2,927,211
	DeNA Co. Ltd.		409,500		4,114,227
	Digital Holdings, Inc.		54,700		364,171
	Direct Marketing MiX, Inc.		58,100		181,719
#	Drecom Co. Ltd.		3,500		13,384
	Fibergate, Inc.		28,600		253,889
# *	FreakOut Holdings, Inc.		8,200		51,660
	Freebit Co. Ltd.		63,100		506,020
	Fuji Media Holdings, Inc.		140,300		1,503,059
	Gakken Holdings Co. Ltd.		132,500		771,801
	GungHo Online Entertainment, Inc.		287,800		4,542,948
	Imagica Group, Inc.		100,900		393,686
	i-mobile Co. Ltd.		8,100		71,549
	Infocom Corp.		146,900		2,701,183
#	Intage Holdings, Inc.		211,400		3,159,235
#	IPS, Inc.		17,200		297,671
#	ITmedia, Inc.		56,800		443,503
# *	Japan Communications, Inc.		890,100		1,303,516
	J-Stream, Inc.		8,000		26,995
#	Kamakura Shinsho Ltd.		74,800		311,920
# *	KLab, Inc.		15,000		28,645
#	LIFULL Co. Ltd.		392,800		614,770
	Macromill, Inc.		243,197		1,191,185
	MarkLines Co. Ltd.		72,900		1,451,982
	Marvelous, Inc.		180,500		860,295
#	Members Co. Ltd.		48,200		383,988
#	MIXI, Inc.		251,400		3,984,296
# *	NexTone, Inc.		33,000		381,128
	Okinawa Cellular Telephone Co.		158,700		3,417,133
	Oricon, Inc.		27,800		147,094
# *	Port, Inc.		4,400		64,264
*	PR Times Corp.		11,900		138,195
	Proto Corp.		156,700		1,269,880
*	Sharingtechnology, Inc.		66,900		308,972
	SKY Perfect JSAT Holdings, Inc.		910,500		4,257,569
	Toei Co. Ltd.		4,400		552,470
	Tohokushinsha Film Corp.		94,800		742,732
	Trenders, Inc.		4,300		33,021

The Japanese Small Company Series

CONTINUED

		Shares		Value»
COMMUNICATION SERVICES — (Continued)
	TV Asahi Holdings Corp.		98,500	$	1,113,093
	Tv Tokyo Holdings Corp.		63,700		1,264,248
	Usen-Next Holdings Co. Ltd.		95,800		2,145,070
	ValueCommerce Co. Ltd.		101,700		865,548
#	V-Cube, Inc.		80,700		212,404
	Vector, Inc.		185,900		1,544,085
*	Vision, Inc.		159,300		1,607,796
	Wowow, Inc.		28,700		218,077
	Zenrin Co. Ltd.		200,750		1,225,449
	ZIGExN Co. Ltd.		237,900		832,909
TOTAL COMMUNICATION SERVICES					61,678,073
CONSUMER DISCRETIONARY — (14.4%)
	&Do Holdings Co. Ltd.		59,500		405,387
	Adastria Co. Ltd.		138,440		2,669,485
#	Adventure, Inc.		8,800		304,388
#	Aeon Fantasy Co. Ltd.		48,932		1,040,293
#	Ahresty Corp.		128,600		731,395
	Ainavo Holdings Co. Ltd.		5,600		47,752
#	Airtrip Corp.		87,800		1,245,682
	Aisan Industry Co. Ltd.		211,600		1,891,134
# *	Akebono Brake Industry Co. Ltd.		610,100		571,214
	Alleanza Holdings Co. Ltd.		80,800		543,894
#	Alpen Co. Ltd.		98,500		1,273,858
#	Alpha Corp.		31,700		347,754
#	Amiyaki Tei Co. Ltd.		26,714		669,915
	AOKI Holdings, Inc.		223,300		1,510,093
	Aoyama Trading Co. Ltd.		235,200		2,626,838
	Arata Corp.		86,800		3,238,211
	ARCLANDS Corp.		216,676		2,312,149
	Asahi Co. Ltd.		103,600		877,750
#	Ashimori Industry Co. Ltd.		26,599		411,041
	ASKUL Corp.		235,700		3,087,914
	Asti Corp.		19,400		497,363
*	Atsugi Co. Ltd.		18,000		52,564
	Aucnet, Inc.		65,100		780,294
#	Autobacs Seven Co. Ltd.		429,100		4,542,034
#	Avantia Co. Ltd.		57,900		336,120
	Beauty Garage, Inc.		21,700		707,537
#	Belluna Co. Ltd.		312,500		1,404,504
#	Benesse Holdings, Inc.		395,943		4,842,560
#	Bic Camera, Inc.		476,600		3,517,742
#	Bike O & Co. Ltd.		32,200		159,182
#	Bookoff Group Holdings Ltd.		66,600		555,489
#	BuySell Technologies Co. Ltd.		6,200		129,365
#	Casio Computer Co. Ltd.		25,900		216,912
	Central Automotive Products Ltd.		80,500		2,006,031
#	Central Sports Co. Ltd.		40,968		664,130
#	Chikaranomoto Holdings Co. Ltd.		33,100		493,743
#	Chiyoda Co. Ltd.		110,800		679,454
#	Chofu Seisakusho Co. Ltd.		113,200		1,585,772
	Chuo Spring Co. Ltd.		81,700		441,479
	Cleanup Corp.		122,000		585,594
#	Colowide Co. Ltd.		300,300		4,849,172
#	Corona Corp.		97,200		614,172
	Create Restaurants Holdings, Inc.		669,400		5,111,483
*	CROOZ, Inc.		2,800		17,327
#	Curves Holdings Co. Ltd.		218,500		1,031,378
	Daido Metal Co. Ltd.		227,200		866,025

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Daikoku Denki Co. Ltd.		54,600	$	1,963,140
	Daikyonishikawa Corp.		237,900		1,280,134
	Daimaruenawin Co. Ltd.		3,400		28,044
	Dainichi Co. Ltd.		53,300		262,718
	DCM Holdings Co. Ltd.		691,600		5,617,864
*	DD GROUP Co. Ltd.		7,900		103,174
	Doshisha Co. Ltd.		130,800		1,949,520
	Doutor Nichires Holdings Co. Ltd.		186,086		2,899,394
	Eagle Industry Co. Ltd.		165,400		1,871,943
	EAT & Holdings Co. Ltd.		33,000		456,092
#	EDION Corp.		510,200		5,046,559
	ES-Con Japan Ltd.		53,000		330,480
#	Eslead Corp.		47,700		965,395
	Exedy Corp.		181,900		3,180,033
	FCC Co. Ltd.		220,300		2,771,531
	Felissimo Corp.		20,600		136,198
#	First Juken Co. Ltd.		44,600		370,199
	FJ Next Holdings Co. Ltd.		106,600		747,673
	Food & Life Cos. Ltd.		362,200		6,074,026
	Foster Electric Co. Ltd.		130,000		860,686
#	F-Tech, Inc.		29,700		165,779
#	Fuji Corp.		72,800		1,025,138
	Fuji Corp. Ltd.		171,000		839,159
	Fuji Kyuko Co. Ltd.		88,200		2,746,163
	Fujibo Holdings, Inc.		61,600		1,480,407
	Fujikura Composites, Inc.		111,200		873,537
#	Fujishoji Co. Ltd.		51,100		479,132
*	Fujita Kanko, Inc.		1,900		61,008
#	Fujitsu General Ltd.		21,500		403,921
#	FuKoKu Co. Ltd.		66,400		637,981
	Furukawa Battery Co. Ltd.		88,000		573,186
	Furyu Corp.		113,100		1,167,914
	Futaba Industrial Co. Ltd.		299,600		1,531,802
	Gakkyusha Co. Ltd.		49,300		671,161
#	Genki Sushi Co. Ltd.		32,500		1,177,803
#	Geo Holdings Corp.		156,700		2,489,046
	Gift Holdings, Inc.		50,900		783,517
#	GLOBERIDE, Inc.		106,198		1,432,712
#	Golf Digest Online, Inc.		4,900		23,039
	Greens Co. Ltd.		9,700		112,680
#	GSI Creos Corp.		63,184		966,170
	G-Tekt Corp.		141,100		1,717,301
	Gunze Ltd.		94,300		2,842,061
	Hagihara Industries, Inc.		77,700		954,957
#	Hamee Corp.		36,100		217,739
	Handsman Co. Ltd.		43,500		303,854
	Happinet Corp.		97,600		1,629,993
	Hard Off Corp. Co. Ltd.		58,800		588,145
#	Heiwa Corp.		342,300		4,912,614
	HI-LEX Corp.		128,700		1,380,132
	Himaraya Co. Ltd.		25,100		154,528
	H-One Co. Ltd.		109,200		638,934
	Honeys Holdings Co. Ltd.		116,940		1,225,375
#	Hoosiers Holdings Co. Ltd.		207,900		1,512,658
	Hotland Co. Ltd.		46,100		602,149
#	I K K Holdings, Inc.		5,800		28,339
#	IBJ, Inc.		125,900		533,921
#	Ichibanya Co. Ltd.		30,658		1,117,583
	Ichikoh Industries Ltd.		194,100		734,180

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	IDOM, Inc.		332,100	$	1,619,533
	IJTT Co. Ltd.		130,880		597,058
#	Imasen Electric Industrial		37,400		162,785
*	Istyle, Inc.		181,098		614,567
* ††	Izuhakone Railway Co. Ltd.		300		0
	Izumi Co. Ltd.		124,600		3,299,352
*	Jade Group, Inc.		31,700		339,518
#	JANOME Corp.		109,400		540,576
	Japan Best Rescue System Co. Ltd.		60,700		287,685
	Japan Wool Textile Co. Ltd.		308,400		2,774,877
	JINS Holdings, Inc.		80,400		1,714,317
# *	Joban Kosan Co. Ltd.		41,499		358,726
	Joshin Denki Co. Ltd.		108,200		1,702,465
	Joyful Honda Co. Ltd.		152,800		1,796,482
	JP-Holdings, Inc.		346,200		780,089
	JVCKenwood Corp.		997,100		4,550,252
# *	Kappa Create Co. Ltd.		4,300		43,848
	Kawai Musical Instruments Manufacturing Co. Ltd.		35,100		838,053
#	Keiyo Co. Ltd.		245,000		1,345,203
	KeyHolder, Inc.		3,600		22,021
#	KFC Holdings Japan Ltd.		87,300		1,749,625
#	King Co. Ltd.		54,100		240,585
#	Kintetsu Department Store Co. Ltd.		6,800		129,992
#	Ki-Star Real Estate Co. Ltd.		55,199		1,704,410
*	KNT-CT Holdings Co. Ltd.		1,100		9,857
	Kohnan Shoji Co. Ltd.		152,900		3,989,575
#	Kojima Co. Ltd.		197,700		843,638
	Komatsu Matere Co. Ltd.		179,734		896,978
	KOMEDA Holdings Co. Ltd.		297,600		5,770,633
#	Komehyo Holdings Co. Ltd.		42,400		1,632,096
	Komeri Co. Ltd.		194,700		4,103,566
#	Konaka Co. Ltd.		132,906		359,131
	Koshidaka Holdings Co. Ltd.		140,500		1,102,008
#	Kotobukiya Co. Ltd.		5,400		80,364
#	K's Holdings Corp.		461,900		4,238,561
#	KU Holdings Co. Ltd.		115,500		919,092
	Kurabo Industries Ltd.		91,800		1,497,578
	Kushikatsu Tanaka Holdings Co., Class C		2,100		23,460
	KYB Corp.		110,600		3,576,652
#	Kyoritsu Maintenance Co. Ltd.		170,400		7,091,642
	LEC, Inc.		142,200		900,294
	LITALICO, Inc.		122,800		1,648,708
	Look Holdings, Inc.		37,100		496,480
	Mamiya-Op Co. Ltd.		1,800		23,657
#	Mars Group Holdings Corp.		75,500		1,410,027
#	Maruzen CHI Holdings Co. Ltd.		101,100		232,031
	Matsuoka Corp.		6,800		77,434
# *	Media Do Co. Ltd.		54,200		427,332
	Meiwa Estate Co. Ltd.		73,200		558,570
#	Mikuni Corp.		147,800		487,991
	Mitsuba Corp.		191,988		1,014,259
	Mizuno Corp.		109,700		3,474,047
	Monogatari Corp.		188,900		5,216,616
	Morito Co. Ltd.		107,800		976,302
	MrMax Holdings Ltd.		142,525		587,329
	Murakami Corp.		31,800		712,697
	Musashi Seimitsu Industry Co. Ltd.		291,800		3,168,980
	Nafco Co. Ltd.		54,200		697,006
	Nagase Brothers, Inc.		600		7,702

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	Nagawa Co. Ltd.		31,800	$	1,478,922
	Nakayamafuku Co. Ltd.		41,800		102,308
	New Art Holdings Co. Ltd.		36,134		434,591
#	Nextage Co. Ltd.		276,300		4,212,871
#	NHK Spring Co. Ltd.		923,687		7,065,013
	Nichirin Co. Ltd.		61,160		1,233,544
#	Nihon House Holdings Co. Ltd.		225,900		568,243
	Nihon Plast Co. Ltd.		55,200		181,264
	Nihon Tokushu Toryo Co. Ltd.		75,300		666,088
#	Nippon Felt Co. Ltd.		84,000		240,476
*	Nippon Piston Ring Co. Ltd.		44,700		557,853
	Nippon Seiki Co. Ltd.		288,000		2,247,140
	Nishikawa Rubber Co. Ltd.		38,500		381,723
#	Nishimatsuya Chain Co. Ltd.		242,400		2,639,508
#	Nissan Shatai Co. Ltd.		412,900		2,359,756
	Nissan Tokyo Sales Holdings Co. Ltd.		166,400		538,475
	NITTAN Corp.		34,600		76,162
#	Nojima Corp.		392,300		3,429,561
#	NOK Corp.		108,180		1,435,876
#	Ohashi Technica, Inc.		67,600		744,979
#	Ohsho Food Service Corp.		66,700		3,083,236
	Onward Holdings Co. Ltd.		584,500		2,037,823
	Ootoya Holdings Co. Ltd.		1,200		40,866
#	Ozu Corp.		22,200		237,279
	Pacific Industrial Co. Ltd.		264,400		2,532,656
	PAL GROUP Holdings Co. Ltd.		262,200		3,396,490
	PALTAC Corp.		50,500		1,581,934
#	Paris Miki Holdings, Inc.		89,300		230,476
*	PIA Corp.		1,700		41,795
	Piolax, Inc.		168,500		2,577,839
#	Press Kogyo Co. Ltd.		563,500		2,595,632
#	Pressance Corp.		109,900		1,345,905
*	QB Net Holdings Co. Ltd.		45,500		492,610
#	Raccoon Holdings, Inc.		102,800		518,579
#	Renaissance, Inc.		3,500		20,844
	Resorttrust, Inc.		514,664		7,680,264
#	Rhythm Co. Ltd.		34,000		418,130
	Riberesute Corp.		38,900		207,803
	Ride On Express Holdings Co. Ltd.		36,600		255,767
# *	Right On Co. Ltd.		92,925		317,659
*	Riken Corp.		42,352		1,037,261
	Ringer Hut Co. Ltd.		15,000		233,461
	Riso Kyoiku Co. Ltd.		692,900		1,149,176
#	Rock Field Co. Ltd.		94,800		1,023,395
	Roland Corp.		64,000		1,752,245
	Round One Corp.		1,181,000		4,420,314
	Royal Holdings Co. Ltd.		10,100		179,320
	Sac's Bar Holdings, Inc.		106,050		635,846
	Saizeriya Co. Ltd.		6,300		204,030
	San Holdings, Inc.		119,800		840,066
# *	Sanden Corp.		10,400		13,969
#	Sanei Architecture Planning Co. Ltd.		55,200		745,392
	Sangetsu Corp.		276,750		5,391,944
	Sankyo Seiko Co. Ltd.		232,800		1,233,999
#	Sanoh Industrial Co. Ltd.		154,900		1,031,260
	Sanyo Shokai Ltd.		55,799		744,019
#	Scroll Corp.		181,700		1,206,538
	Seiko Group Corp.		165,881		2,896,173
#	Seiren Co. Ltd.		265,200		4,154,966

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
# *	Senshukai Co. Ltd.		174,600	$	470,820
	Seria Co. Ltd.		220,224		3,241,800
#	Shidax Corp.		133,200		541,482
	Shikibo Ltd.		64,326		469,219
	Shin-Nihon Tatemono Co. Ltd.		29,800		127,767
#	Shoei Co. Ltd.		308,400		4,718,094
#	Snow Peak, Inc.		167,500		1,326,994
	SNT Corp.		130,400		215,263
#	Soft99 Corp.		84,400		747,733
#	Sotoh Co. Ltd.		49,100		248,866
*	Souken Ace Co. Ltd.		33,600		7,208
	SPK Corp.		48,600		625,832
#	Sprix, Inc.		34,300		185,479
	St. Marc Holdings Co. Ltd.		64,700		819,146
#	Step Co. Ltd.		60,800		704,930
#	Suminoe Textile Co. Ltd.		22,300		337,011
	Sumitomo Riko Co. Ltd.		215,710		1,612,213
#	Suncall Corp.		115,600		378,721
	Syuppin Co. Ltd.		117,400		887,522
#	T RAD Co. Ltd.		35,100		528,118
	Tachikawa Corp.		63,600		601,159
#	Tachi-S Co. Ltd.		180,140		2,049,243
#	Taiho Kogyo Co. Ltd.		93,001		558,997
#	Takasho Co. Ltd.		17,600		74,715
#	Take & Give Needs Co. Ltd.		19,168		127,628
	Tama Home Co. Ltd.		92,400		2,199,610
	Tamron Co. Ltd.		103,400		3,159,364
#	Tbk Co. Ltd.		133,900		380,641
#	Tear Corp.		57,300		175,155
#	Temairazu, Inc.		15,700		264,599
#	T-Gaia Corp.		131,100		1,547,664
	Tigers Polymer Corp.		73,500		343,994
	Toa Corp.		134,200		1,045,633
	Tokai Rika Co. Ltd.		321,100		5,032,224
	Token Corp.		44,650		2,381,332
#	Tokyo Base Co. Ltd.		39,900		90,187
	Tokyo Individualized Educational Institute, Inc.		106,500		349,154
	Tokyotokeiba Co. Ltd.		92,400		2,487,031
	Tomy Co. Ltd.		549,293		7,932,380
	Topre Corp.		216,500		2,456,425
#	Toridoll Holdings Corp.		235,700		5,804,198
	Tosho Co. Ltd.		12,400		94,271
	Toyo Tire Corp.		446,700		6,875,527
	TPR Co. Ltd.		143,662		1,752,827
	Treasure Factory Co. Ltd.		56,700		514,992
	TS Tech Co. Ltd.		444,986		5,047,693
	TSI Holdings Co. Ltd.		288,595		1,561,506
	Tsuburaya Fields Holdings, Inc.		162,300		2,222,992
#	Tsutsumi Jewelry Co. Ltd.		37,700		618,122
#	Twinbird Corp.		9,200		32,008
#	Unipres Corp.		222,497		1,724,325
#	United Arrows Ltd.		40,600		531,615
*	Unitika Ltd.		364,700		499,696
	Universal Entertainment Corp.		105,600		1,556,588
	Valuence Holdings, Inc.		1,600		29,495
# *	Village Vanguard Co. Ltd.		36,600		273,840
	VT Holdings Co. Ltd.		474,400		1,621,691
	Wacoal Holdings Corp.		262,300		5,925,873
#	Waseda Academy Co. Ltd.		43,600		416,304

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	WATAMI Co. Ltd.		2,200	$	17,399
#	Watts Co. Ltd.		52,100		210,887
	Weds Co. Ltd.		14,500		61,003
	World Co. Ltd.		94,100		1,031,014
#	Xebio Holdings Co. Ltd.		153,896		1,029,005
	Yachiyo Industry Co. Ltd.		12,400		114,665
	Yagi & Co. Ltd.		18,600		180,939
	Yamae Group Holdings Co. Ltd.		12,300		301,353
#	Yasunaga Corp.		23,800		129,186
	Yellow Hat Ltd.		217,900		2,764,486
	Yondoshi Holdings, Inc.		95,520		1,205,789
	Yonex Co. Ltd.		186,000		1,984,522
#	Yorozu Corp.		98,800		625,500
#	Yoshinoya Holdings Co. Ltd.		332,200		6,252,992
	Yutaka Giken Co. Ltd.		8,700		116,965
TOTAL CONSUMER DISCRETIONARY					419,290,341
CONSUMER STAPLES — (8.2%)
	Aeon Hokkaido Corp.		176,000		1,026,126
	AFC-HD AMS Life Science Co. Ltd.		53,800		283,789
	Ain Holdings, Inc.		122,500		3,611,475
#	Albis Co. Ltd.		35,813		580,738
	Arcs Co. Ltd.		263,600		4,802,137
	Artnature, Inc.		111,500		607,319
	Axial Retailing, Inc.		107,000		2,677,923
	Axxzia, Inc.		4,800		33,042
	Belc Co. Ltd.		66,900		3,073,334
	Bourbon Corp.		54,800		843,415
	Bull-Dog Sauce Co. Ltd.		3,000		41,801
	Cawachi Ltd.		79,400		1,320,752
	C'BON COSMETICS Co. Ltd.		10,800		110,930
	Chubu Shiryo Co. Ltd.		141,700		1,036,309
	Chuo Gyorui Co. Ltd.		9,800		199,060
	Como Co. Ltd.		2,600		47,899
	Cota Co. Ltd.		124,950		1,328,330
	Create SD Holdings Co. Ltd.		139,300		3,156,697
	Daikokutenbussan Co. Ltd.		33,700		1,419,633
	Delica Foods Holdings Co. Ltd.		59,900		254,519
#	DyDo Group Holdings, Inc.		56,600		2,085,093
	Ebara Foods Industry, Inc.		30,900		608,629
#	Eco's Co. Ltd.		45,800		626,263
#	Ensuiko Sugar Refining Co. Ltd.		86,200		150,535
	Ezaki Glico Co. Ltd.		211,100		5,794,664
	Fancl Corp.		202,183		3,084,943
	Feed One Co. Ltd.		147,148		783,382
	Fuji Oil Holdings, Inc.		240,200		3,642,494
	Fujicco Co. Ltd.		116,100		1,497,325
#	Fujiya Co. Ltd.		68,900		1,172,097
#	G-7 Holdings, Inc.		141,300		1,171,343
	Genky DrugStores Co. Ltd.		50,300		1,859,157
	H2O Retailing Corp.		506,645		6,153,326
	HABA Laboratories, Inc.		15,000		237,323
	Hagoromo Foods Corp.		17,900		366,364
	Halows Co. Ltd.		56,100		1,577,099
#	Heiwado Co. Ltd.		182,800		3,189,804
	Hokkaido Coca-Cola Bottling Co. Ltd.		37,398		689,328
	Hokuto Corp.		139,200		1,694,742
#	House Foods Group, Inc.		34,100		711,346
#	Ichimasa Kamaboko Co. Ltd.		38,800		199,086

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
	Imuraya Group Co. Ltd.		58,647	$	888,285
#	Inageya Co. Ltd.		39,100		380,400
# *	I-NE Co. Ltd.		18,300		362,233
	Itochu-Shokuhin Co. Ltd.		35,100		1,605,747
	Itoham Yonekyu Holdings, Inc.		144,280		3,908,586
	Iwatsuka Confectionery Co. Ltd.		8,700		299,235
	JM Holdings Co. Ltd.		79,700		1,036,816
	J-Oil Mills, Inc.		118,900		1,418,298
	Kadoya Sesame Mills, Inc.		15,600		365,303
	Kagome Co. Ltd.		124,200		2,695,240
	Kakiyasu Honten Co. Ltd.		53,400		885,325
#	Kameda Seika Co. Ltd.		66,800		1,830,144
#	Kaneko Seeds Co. Ltd.		44,700		436,253
#	Kanemi Co. Ltd.		1,200		24,769
	Kanro, Inc.		5,300		73,539
	Kato Sangyo Co. Ltd.		148,900		3,955,963
	Kenko Mayonnaise Co. Ltd.		65,977		642,805
#	Kibun Foods, Inc.		13,800		104,108
	Kitanotatsujin Corp.		7,257		11,606
	Koike-ya, Inc.		300		17,786
	Kotobuki Spirits Co. Ltd.		282,000		4,556,700
	Kusuri no Aoki Holdings Co. Ltd.		84,600		4,897,725
	Kyokuyo Co. Ltd.		56,899		1,499,282
#	Lacto Japan Co. Ltd.		47,000		658,846
	Life Corp.		85,500		2,082,190
	Mandom Corp.		216,800		1,998,901
#	Marudai Food Co. Ltd.		111,400		1,242,888
	Maruha Nichiro Corp.		229,987		3,946,375
	Maxvalu Tokai Co. Ltd.		47,000		922,662
	Medical System Network Co. Ltd.		134,500		366,862
	Megmilk Snow Brand Co. Ltd.		266,700		4,088,897
#	Meito Sangyo Co. Ltd.		54,100		583,124
	Milbon Co. Ltd.		162,452		4,514,693
#	Ministop Co. Ltd.		85,400		837,559
	Mitsubishi Shokuhin Co. Ltd.		99,700		2,602,359
	Mitsui DM Sugar Holdings Co. Ltd.		109,370		2,202,380
	Miyoshi Oil & Fat Co. Ltd.		29,900		235,044
	Morinaga & Co. Ltd.		212,599		7,679,764
	Morinaga Milk Industry Co. Ltd.		167,000		6,283,902
#	Morozoff Ltd.		37,400		919,308
#	MTG Co. Ltd.		24,700		254,174
	Nagatanien Holdings Co. Ltd.		69,000		1,028,657
	Nakamuraya Co. Ltd.		25,999		536,562
	Natori Co. Ltd.		65,000		859,089
#	Nichimo Co. Ltd.		16,300		437,685
#	Nihon Chouzai Co. Ltd.		73,420		724,919
	Niitaka Co. Ltd.		12,960		180,818
	Nippn Corp.		327,800		4,764,966
	Nippon Beet Sugar Manufacturing Co. Ltd.		60,000		768,547
	Nishimoto Co. Ltd.		19,500		631,625
	Nisshin Oillio Group Ltd.		151,900		4,251,169
	Nissui Corp.		1,771,500		8,671,235
	Nitto Fuji Flour Milling Co. Ltd.		16,200		531,064
	Noevir Holdings Co. Ltd.		87,600		3,097,504
#	Oenon Holdings, Inc.		294,200		833,945
#	OIE Sangyo Co. Ltd.		22,000		296,482
# *	Oisix ra daichi, Inc.		174,300		1,873,095
	Okuwa Co. Ltd.		170,800		994,267
#	OUG Holdings, Inc.		21,300		345,795

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
	Pickles Holdings Co. Ltd.		56,900	$	499,720
	Pigeon Corp.		722,925		8,159,905
#	Premium Water Holdings, Inc.		8,100		155,720
#	Prima Meat Packers Ltd.		171,000		2,805,083
#	Qol Holdings Co. Ltd.		152,400		1,891,491
#	Retail Partners Co. Ltd.		108,800		1,268,757
	Riken Vitamin Co. Ltd.		139,200		2,064,280
	Rokko Butter Co. Ltd.		77,900		719,382
	S Foods, Inc.		112,762		2,523,034
	S&B Foods, Inc.		41,698		1,096,722
#	Sagami Rubber Industries Co. Ltd.		56,000		355,838
	San-A Co. Ltd.		118,000		3,772,791
	Sapporo Holdings Ltd.		261,120		8,302,425
	Sato Foods Co. Ltd.		800		30,565
	Satudora Holdings Co. Ltd.		3,900		19,854
#	Shinnihonseiyaku Co. Ltd.		45,600		466,040
	Shinobu Foods Products Co. Ltd.		1,600		9,892
	Shoei Foods Corp.		51,300		1,667,257
	Showa Sangyo Co. Ltd.		114,300		2,335,760
	Soiken Holdings, Inc.		17,400		26,543
#	ST Corp.		38,000		379,104
	Starzen Co. Ltd.		86,100		1,490,827
	STI Foods Holdings, Inc.		500		14,407
	Takara Holdings, Inc.		666,677		5,351,278
	Toho Co. Ltd.		49,900		1,126,473
	Torigoe Co. Ltd.		94,500		429,907
	Transaction Co. Ltd.		89,700		1,118,723
#	United Super Markets Holdings, Inc.		336,900		2,410,116
	Valor Holdings Co. Ltd.		216,000		3,158,584
	Warabeya Nichiyo Holdings Co. Ltd.		84,760		1,602,019
	Watahan & Co. Ltd.		87,600		776,022
	Wellneo Sugar Co. Ltd.		98,300		1,363,170
	Yaizu Suisankagaku Industry Co. Ltd.		57,700		508,600
	YAKUODO Holdings Co. Ltd.		64,600		1,161,755
#	YA-MAN Ltd.		191,300		1,293,682
	Yamatane Corp.		59,000		821,474
#	Yamaya Corp.		23,500		457,265
#	Yamazawa Co. Ltd.		11,800		99,199
#	Yaoko Co. Ltd.		66,300		3,409,854
#	Yokorei Co. Ltd.		296,900		2,404,295
#	Yomeishu Seizo Co. Ltd.		43,800		540,739
	Yuasa Funashoku Co. Ltd.		14,300		290,571
#	Yukiguni Maitake Co. Ltd.		58,900		354,150
	Yutaka Foods Corp.		3,900		47,360
TOTAL CONSUMER STAPLES					236,673,704
ENERGY — (0.8%)
#	BP Castrol KK		44,100		272,869
#	Fuji Oil Co. Ltd.		255,300		583,968
	Itochu Enex Co. Ltd.		346,100		3,485,500
	Japan Oil Transportation Co. Ltd.		7,500		134,967
	Japan Petroleum Exploration Co. Ltd.		215,300		8,068,057
	Mitsuuroko Group Holdings Co. Ltd.		195,200		1,668,841
*	Modec, Inc.		3,000		36,837
*	Nippon Coke & Engineering Co. Ltd.		949,100		780,224
	Sala Corp.		305,500		1,554,912
	San-Ai Obbli Co. Ltd.		380,000		4,026,479
	Sinanen Holdings Co. Ltd.		46,500		1,259,939

The Japanese Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (Continued)
	Toyo Kanetsu KK		48,100	$	1,086,869
TOTAL ENERGY					22,959,462
FINANCIALS — (9.6%)
	77 Bank Ltd.		351,052		7,434,383
	Advance Create Co. Ltd.		42,700		308,640
	AEON Financial Service Co. Ltd.		353,100		3,043,956
#	Aichi Financial Group, Inc.		223,570		3,659,735
	Aiful Corp.		1,118,100		2,901,216
#	Aizawa Securities Group Co. Ltd.		200,800		1,350,606
	Akatsuki Corp.		144,000		418,068
	Akita Bank Ltd.		88,440		1,193,003
	Anicom Holdings, Inc.		151,500		622,391
#	Aozora Bank Ltd.		250,600		5,119,754
#	Aruhi Corp.		50,500		309,067
	Asax Co. Ltd.		9,300		42,966
	Awa Bank Ltd.		201,400		3,084,433
#	Bank of Iwate Ltd.		82,982		1,448,515
#	Bank of Kochi Ltd.		42,600		290,668
#	Bank of Nagoya Ltd.		66,130		2,294,000
	Bank of Saga Ltd.		76,820		1,044,073
	Bank of the Ryukyus Ltd.		246,680		1,878,750
#	Bank of Toyama Ltd.		9,200		111,672
#	Casa, Inc.		28,400		164,552
	Chiba Kogyo Bank Ltd.		278,458		1,619,601
	Chugin Financial Group, Inc.		686,300		5,117,273
	Daishi Hokuetsu Financial Group, Inc.		238,700		6,049,969
	Daito Bank Ltd.		9,300		45,909
	eGuarantee, Inc.		221,400		2,882,620
#	Ehime Bank Ltd.		216,673		1,422,118
#	Entrust, Inc.		54,900		346,892
#	FIDEA Holdings Co. Ltd.		110,890		1,188,308
#	Financial Partners Group Co. Ltd.		166,700		1,498,139
*	Fintech Global, Inc.		24,600		10,057
#	First Bank of Toyama Ltd.		311,400		1,952,797
#	First Brothers Co. Ltd.		21,000		175,674
#	Fukui Bank Ltd.		119,700		1,244,020
	Fuyo General Lease Co. Ltd.		32,300		2,599,476
#	GMO Financial Gate, Inc.		18,600		1,323,613
#	GMO Financial Holdings, Inc.		243,300		1,181,832
	Gunma Bank Ltd.		2,072,540		9,656,140
	Hachijuni Bank Ltd.		767,141		4,228,978
	Hirogin Holdings, Inc.		1,509,400		9,247,435
#	Hirose Tusyo, Inc.		20,800		402,709
#	Hokkoku Financial Holdings, Inc.		139,100		4,833,035
	Hokuhoku Financial Group, Inc.		688,853		7,363,381
	HS Holdings Co. Ltd.		137,296		904,482
	Hyakugo Bank Ltd.		1,361,409		4,876,489
	Hyakujushi Bank Ltd.		134,700		2,361,427
#	Ichiyoshi Securities Co. Ltd.		183,200		860,629
#	IwaiCosmo Holdings, Inc.		118,400		1,383,288
#	Iyogin Holdings, Inc.		988,118		7,092,553
#	J Trust Co. Ltd.		67,841		216,956
	Jaccs Co. Ltd.		139,800		4,826,359
	JAFCO Group Co. Ltd.		527,200		5,799,172
	Japan Investment Adviser Co. Ltd.		69,300		784,076
	Japan Securities Finance Co. Ltd.		577,000		5,535,998
#	Jimoto Holdings, Inc.		41,850		120,958
#	J-Lease Co. Ltd.		31,900		439,348

The Japanese Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Juroku Financial Group, Inc.		188,800	$	4,723,516
	Keiyo Bank Ltd.		596,046		2,756,403
#	Kita-Nippon Bank Ltd.		43,506		676,854
#	Kiyo Bank Ltd.		397,390		3,975,315
#	Kyokuto Securities Co. Ltd.		141,400		878,395
	Kyushu Financial Group, Inc.		1,975,137		10,177,418
#	Kyushu Leasing Service Co. Ltd.		34,000		235,610
#	M&A Capital Partners Co. Ltd.		89,400		1,600,984
#	Marusan Securities Co. Ltd.		336,700		1,882,053
#	Matsui Securities Co. Ltd.		626,100		3,439,506
	Mercuria Holdings Co. Ltd.		58,400		325,835
#	Mito Securities Co. Ltd.		302,600		922,605
	Miyazaki Bank Ltd.		90,200		1,675,342
	Mizuho Leasing Co. Ltd.		173,100		5,679,319
#	Monex Group, Inc.		1,037,500		3,858,544
#	Money Partners Group Co. Ltd.		113,300		228,590
#	Mortgage Service Japan Ltd.		26,100		98,756
#	Musashino Bank Ltd.		176,100		3,249,751
#	Nanto Bank Ltd.		158,400		2,816,826
	NEC Capital Solutions Ltd.		60,200		1,308,599
	Nishi-Nippon Financial Holdings, Inc.		739,500		8,441,099
	North Pacific Bank Ltd.		1,701,800		4,106,553
*	OAK Capital Corp.		194,800		123,903
	Ogaki Kyoritsu Bank Ltd.		213,000		2,953,083
	Oita Bank Ltd.		87,599		1,592,565
	Okasan Securities Group, Inc.		946,200		4,395,049
	Okinawa Financial Group, Inc.		122,660		1,988,274
	Orient Corp.		278,390		2,159,790
	Premium Group Co. Ltd.		185,900		1,979,244
#	Procrea Holdings, Inc.		236,072		3,089,811
#	Ricoh Leasing Co. Ltd.		95,200		2,792,339
	San ju San Financial Group, Inc.		118,793		1,473,427
	San-In Godo Bank Ltd.		937,900		6,061,496
	SBI Global Asset Management Co. Ltd.		140,900		528,998
	SBI Insurance Group Co. Ltd.		7,600		61,339
	Senshu Ikeda Holdings, Inc.		1,298,928		2,786,233
	Shiga Bank Ltd.		279,100		6,521,598
	Shikoku Bank Ltd.		224,500		1,523,510
#	Shimizu Bank Ltd.		58,200		627,075
	Sparx Group Co. Ltd.		115,060		1,158,169
#	Strike Co. Ltd.		51,700		1,156,886
	Suruga Bank Ltd.		883,900		3,737,427
#	Taiko Bank Ltd.		41,800		374,990
	Tochigi Bank Ltd.		556,100		1,193,087
#	Toho Bank Ltd.		1,201,200		2,263,917
#	Tohoku Bank Ltd.		61,300		471,459
	Tokai Tokyo Financial Holdings, Inc.		1,166,274		3,780,784
	Tokyo Kiraboshi Financial Group, Inc.		165,038		4,967,345
	Tomato Bank Ltd.		25,600		211,084
#	TOMONY Holdings, Inc.		881,943		2,715,395
#	Tottori Bank Ltd.		51,600		485,053
	Towa Bank Ltd.		204,700		862,030
#	Toyo Securities Co. Ltd.		365,300		784,335
	Traders Holdings Co. Ltd.		13,720		62,169
	Tsukuba Bank Ltd.		426,400		758,005
#	Wellnet Corp.		59,600		233,794
#	Yamagata Bank Ltd.		143,600		1,090,020
#	Yamaguchi Financial Group, Inc.		1,237,672		10,834,611

The Japanese Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Yamanashi Chuo Bank Ltd.		154,226	$	1,712,828
TOTAL FINANCIALS					278,881,154
HEALTH CARE — (4.8%)
	Amvis Holdings, Inc.		54,100		940,679
	As One Corp.		130,500		4,756,033
	ASKA Pharmaceutical Holdings Co. Ltd.		130,700		1,481,607
	Astena Holdings Co. Ltd.		194,800		642,086
	BML, Inc.		145,400		2,715,605
#	Carenet, Inc.		130,800		784,798
	CE Holdings Co. Ltd.		9,500		37,662
# *	CellSource Co. Ltd.		21,100		354,260
	Charm Care Corp. KK		112,500		878,927
#	CMIC Holdings Co. Ltd.		63,200		727,682
	Create Medic Co. Ltd.		38,700		233,656
#	Daiken Medical Co. Ltd.		103,800		368,514
	Daito Pharmaceutical Co. Ltd.		85,338		1,340,092
	Eiken Chemical Co. Ltd.		205,400		1,874,579
	Elan Corp.		191,600		1,049,152
	EM Systems Co. Ltd.		54,700		268,949
	FALCO HOLDINGS Co. Ltd.		53,300		692,244
#	FINDEX, Inc.		94,500		475,632
	France Bed Holdings Co. Ltd.		134,455		1,090,614
	Fuji Pharma Co. Ltd.		95,200		741,827
	Fukuda Denshi Co. Ltd.		125,900		4,571,479
#	Fuso Pharmaceutical Industries Ltd.		42,600		561,999
*	GNI Group Ltd.		89,700		1,222,862
#	H.U. Group Holdings, Inc.		334,600		5,677,850
	Hogy Medical Co. Ltd.		65,900		1,407,659
	Hoshi Iryo-Sanki Co. Ltd.		9,600		268,523
#	I'rom Group Co. Ltd.		38,400		487,251
*	Japan Hospice Holdings, Inc.		12,400		209,428
	Japan Lifeline Co. Ltd.		369,100		2,870,318
	Japan Medical Dynamic Marketing, Inc.		99,400		500,505
#	JCR Pharmaceuticals Co. Ltd.		125,332		1,251,010
	Jeol Ltd.		233,500		6,946,734
	JMS Co. Ltd.		104,457		377,375
	Kaken Pharmaceutical Co. Ltd.		104,800		2,450,599
	Kanamic Network Co. Ltd.		142,300		495,327
	Kissei Pharmaceutical Co. Ltd.		174,100		3,942,635
	Koa Shoji Holdings Co. Ltd.		4,100		19,333
#	Kyorin Pharmaceutical Co. Ltd.		249,346		3,051,503
#	Linical Co. Ltd.		69,400		314,174
	Mani, Inc.		400,600		4,857,482
	Medical Data Vision Co. Ltd.		152,800		821,058
	Medikit Co. Ltd.		2,000		35,771
#	Medius Holdings Co. Ltd.		68,500		348,192
*	Medley, Inc.		20,800		666,873
#	MedPeer, Inc.		7,900		53,807
	Menicon Co. Ltd.		335,390		4,311,320
#	Mizuho Medy Co. Ltd.		22,400		443,086
#	Mochida Pharmaceutical Co. Ltd.		60,098		1,338,820
	Nakanishi, Inc.		351,400		8,213,551
	Nihon Kohden Corp.		127,900		3,157,418
	Nipro Corp.		856,500		6,918,484
	Paramount Bed Holdings Co. Ltd.		253,000		3,981,642
*	PeptiDream, Inc.		59,193		637,064
	Pharma Foods International Co. Ltd.		31,200		317,466
#	PHC Holdings Corp.		4,800		48,915

The Japanese Small Company Series

CONTINUED

		Shares		Value»
HEALTH CARE — (Continued)
*	RaQualia Pharma, Inc.		900	$	4,473
	Rion Co. Ltd.		51,800		772,861
	Sawai Group Holdings Co. Ltd.		168,900		5,165,049
	Seed Co. Ltd.		68,100		378,371
	Seikagaku Corp.		233,700		1,261,215
#	Shin Nippon Biomedical Laboratories Ltd.		134,300		1,680,304
	Ship Healthcare Holdings, Inc.		317,400		4,810,251
	Shofu, Inc.		67,400		970,095
#	Software Service, Inc.		18,600		1,260,454
	Solasto Corp.		334,100		1,381,965
	St-Care Holding Corp.		81,600		458,283
*	StemCell Institute		4,300		74,337
	Sumitomo Pharma Co. Ltd.		571,600		2,044,715
	Suzuken Co. Ltd.		47,900		1,481,370
*	SymBio Pharmaceuticals Ltd.		4,700		11,945
	Takara Bio, Inc.		174,500		1,613,051
	Techno Medica Co. Ltd.		14,700		213,058
#	Toho Holdings Co. Ltd.		299,200		6,412,151
	Tokai Corp.		123,400		1,567,278
	Torii Pharmaceutical Co. Ltd.		88,300		2,284,354
#	Towa Pharmaceutical Co. Ltd.		166,300		3,157,617
#	Trans Genic, Inc.		51,100		98,402
	Tsumura & Co.		285,418		5,299,810
	Value HR Co. Ltd.		92,800		786,783
	Vital KSK Holdings, Inc.		246,500		1,652,458
	Wakamoto Pharmaceutical Co. Ltd.		85,300		127,180
	WIN-Partners Co. Ltd.		89,900		654,763
	ZERIA Pharmaceutical Co. Ltd.		55,000		815,793
TOTAL HEALTH CARE					140,670,497
INDUSTRIALS — (28.7%)
#	Abalance Corp.		12,000		269,878
	Advan Group Co. Ltd.		144,200		1,017,235
	Aeon Delight Co. Ltd.		114,400		2,518,861
	Aichi Corp.		223,100		1,492,687
	Aida Engineering Ltd.		303,600		2,033,343
# *	Aidma Holdings, Inc.		5,500		79,753
	Airtech Japan Ltd.		2,000		17,456
#	AIT Corp.		19,600		232,094
	Ajis Co. Ltd.		28,900		444,341
	Alconix Corp.		141,600		1,281,506
#	Alinco, Inc.		80,500		577,487
	Alps Logistics Co. Ltd.		110,100		1,188,511
	Altech Corp.		101,970		1,727,358
	Anest Iwata Corp.		220,200		1,758,733
	Asahi Diamond Industrial Co. Ltd.		294,200		1,741,302
	Asahi Kogyosha Co. Ltd.		51,400		836,153
	Asanuma Corp.		83,700		2,009,231
#	Asukanet Co. Ltd.		31,200		139,092
#	AZ-COM MARUWA Holdings, Inc.		189,800		2,699,928
#	Bando Chemical Industries Ltd.		207,500		2,274,371
	Bell System24 Holdings, Inc.		213,400		2,254,874
	Benefit One, Inc.		367,900		2,657,006
#	Br Holdings Corp.		206,100		505,665
	Bunka Shutter Co. Ltd.		346,800		2,563,626
	Canare Electric Co. Ltd.		21,200		207,863
	Career Design Center Co. Ltd.		1,900		24,710
#	Careerlink Co. Ltd.		25,500		413,442
#	Central Glass Co. Ltd.		179,300		3,552,759

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Central Security Patrols Co. Ltd.		53,000	$	1,107,151
	Chilled & Frozen Logistics Holdings Co. Ltd.		98,500		878,887
# *	Chiyoda Corp.		897,400		2,271,098
	Chiyoda Integre Co. Ltd.		66,200		1,224,596
	Chori Co. Ltd.		67,600		1,353,304
	Chudenko Corp.		183,100		2,955,844
	Chugai Ro Co. Ltd.		33,500		498,872
#	Chuo Warehouse Co. Ltd.		21,000		155,358
	CKD Corp.		244,600		3,362,657
#	CMC Corp.		30,200		286,531
	Copro-Holdings Co. Ltd.		7,600		61,851
	Cosel Co. Ltd.		146,800		1,221,118
	Creek & River Co. Ltd.		67,100		944,287
# *	CrowdWorks, Inc.		8,100		78,084
	CTI Engineering Co. Ltd.		69,200		2,077,568
	CTS Co. Ltd.		157,100		734,364
	Dai-Dan Co. Ltd.		178,400		1,770,429
#	Daido Kogyo Co. Ltd.		41,000		204,744
	Daihatsu Diesel Manufacturing Co. Ltd.		108,000		635,694
	Daihen Corp.		123,600		4,182,227
	Daiho Corp.		69,700		1,837,230
	Dai-Ichi Cutter Kogyo KK		46,300		398,657
	Daiichi Jitsugyo Co. Ltd.		153,300		1,908,237
	Daiichi Kensetsu Corp.		35,200		401,878
#	Daiki Axis Co. Ltd.		41,900		205,402
	Daiseki Co. Ltd.		285,355		7,628,732
#	Daiseki Eco. Solution Co. Ltd.		21,959		172,297
#	Daisue Construction Co. Ltd.		48,200		468,051
	Daiwa Industries Ltd.		174,500		1,610,244
	Denyo Co. Ltd.		96,400		1,370,929
	Dip Corp.		211,735		5,212,430
	DMG Mori Co. Ltd.		677,300		11,494,448
	DMW Corp.		4,800		118,970
#	Duskin Co. Ltd.		261,100		5,656,790
	Ebara Jitsugyo Co. Ltd.		64,800		1,179,041
#	Eidai Co. Ltd.		184,700		276,698
	EJ Holdings, Inc.		30,100		350,087
	en Japan, Inc.		183,508		2,854,140
	Endo Lighting Corp.		56,300		480,610
#	Envipro Holdings, Inc.		34,400		156,121
	ERI Holdings Co. Ltd.		14,100		187,146
#	EXEO Group, Inc.		493,200		10,105,267
#	F&M Co. Ltd.		44,400		659,196
# *	FDK Corp.		67,898		371,555
	Forum Engineering, Inc.		31,400		276,109
	Freund Corp.		67,856		358,777
	Fudo Tetra Corp.		97,080		1,302,215
	Fuji Corp.		369,200		5,727,622
	Fuji Furukawa Engineering & Construction Co. Ltd.		1,800		51,412
	Fujikura Ltd.		631,500		5,074,539
	Fujisash Co. Ltd.		523,057		269,167
#	Fukuda Corp.		53,200		1,723,318
	Fukushima Galilei Co. Ltd.		79,400		2,575,906
	Fukuvi Chemical Industry Co. Ltd.		10,600		54,131
	Fukuyama Transporting Co. Ltd.		98,957		2,599,113
	FULLCAST Holdings Co. Ltd.		126,600		1,591,245
	Funai Soken Holdings, Inc.		241,570		4,214,791
	Furukawa Co. Ltd.		171,819		1,928,893
	Furukawa Electric Co. Ltd.		411,000		6,544,521

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Futaba Corp.		208,200	$	738,620
#	Gakujo Co. Ltd.		5,600		75,290
	Gecoss Corp.		95,900		629,342
	Giken Ltd.		15,799		212,005
	Glory Ltd.		288,855		5,758,751
	gremz, Inc.		32,900		507,364
	GS Yuasa Corp.		393,683		7,006,986
	Hamakyorex Co. Ltd.		100,900		2,739,049
	Hanwa Co. Ltd.		169,500		5,373,816
#	Hashimoto Sogyo Holdings Co. Ltd.		8,140		61,936
#	Hazama Ando Corp.		1,150,400		8,972,682
	Helios Techno Holding Co. Ltd.		6,800		18,932
	Hibiya Engineering Ltd.		109,900		1,716,154
	Hirakawa Hewtech Corp.		70,800		670,035
#	Hirano Tecseed Co. Ltd.		56,700		811,293
#	Hirata Corp.		22,700		1,136,238
	Hisaka Works Ltd.		119,700		765,358
	Hitachi Zosen Corp.		1,026,379		5,747,912
	Hito Communications Holdings, Inc.		42,900		409,728
#	Hokuetsu Industries Co. Ltd.		137,200		1,905,484
#	Hokuriku Electrical Construction Co. Ltd.		89,040		612,341
#	Hosokawa Micron Corp.		87,500		2,397,374
	Howa Machinery Ltd.		65,100		339,850
	Ichiken Co. Ltd.		28,197		393,497
	Ichinen Holdings Co. Ltd.		125,100		1,202,003
#	Idec Corp.		187,600		3,719,581
#	Iino Kaiun Kaisha Ltd.		490,700		3,440,747
	Imura & Co. Ltd.		13,700		110,173
	Inaba Denki Sangyo Co. Ltd.		319,300		6,905,413
	Inaba Seisakusho Co. Ltd.		60,400		624,275
	Inabata & Co. Ltd.		280,200		5,862,353
	Insource Co. Ltd.		295,300		2,043,193
	Integrated Design & Engineering Holdings Co. Ltd.		74,200		1,773,246
#	Inui Global Logistics Co. Ltd.		80,380		710,486
#	IR Japan Holdings Ltd.		56,500		657,450
	Iseki & Co. Ltd.		104,549		826,002
	Ishii Iron Works Co. Ltd.		11,000		228,135
	Itoki Corp.		209,900		2,115,016
	Iwaki Co. Ltd.		56,100		668,951
	JAC Recruitment Co. Ltd.		105,100		1,784,960
	Japan Elevator Service Holdings Co. Ltd.		373,000		5,463,588
#	Japan Foundation Engineering Co. Ltd.		119,000		396,873
	Japan Pulp & Paper Co. Ltd.		72,300		2,361,191
	Japan Steel Works Ltd.		72,600		1,345,574
	Japan Transcity Corp.		244,600		1,079,371
	JDC Corp.		79,900		354,405
#	JK Holdings Co. Ltd.		87,140		564,516
#	Juki Corp.		174,000		718,203
	Kamei Corp.		148,700		1,450,985
	Kanaden Corp.		105,700		927,341
#	Kanagawa Chuo Kotsu Co. Ltd.		41,200		873,836
	Kaname Kogyo Co. Ltd.		1,300		6,881
	Kanamoto Co. Ltd.		184,300		3,236,684
	Kandenko Co. Ltd.		616,100		5,673,001
	Kanematsu Corp.		492,625		6,808,102
	Katakura Industries Co. Ltd.		151,500		1,767,836
#	Kato Works Co. Ltd.		54,900		441,500
	Kawada Technologies, Inc.		32,300		1,351,552
#	Kawata Manufacturing Co. Ltd.		23,300		175,921

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Keihin Co. Ltd.		4,500	$	59,487
	KFC Ltd.		8,700		76,529
	Kimura Chemical Plants Co. Ltd.		98,900		493,248
#	Kimura Unity Co. Ltd.		47,000		431,308
#	King Jim Co. Ltd.		61,200		359,498
*	Kitagawa Corp.		50,300		485,115
	Kitano Construction Corp.		21,072		421,137
	Kitz Corp.		405,100		2,800,718
# *	Kobe Electric Railway Co. Ltd.		37,299		747,078
	Koike Sanso Kogyo Co. Ltd.		7,000		179,088
	Kokuyo Co. Ltd.		449,525		7,123,678
#	KOMAIHALTEC, Inc.		15,300		201,827
	Komatsu Wall Industry Co. Ltd.		49,300		967,128
	Komori Corp.		262,605		1,857,312
#	Kondotec, Inc.		114,200		900,239
	Konoike Transport Co. Ltd.		170,700		2,207,491
#	Kosaido Holdings Co. Ltd.		95,200		1,888,572
	Kozo Keikaku Engineering, Inc.		22,000		547,528
#	KPP Group Holdings Co. Ltd.		231,500		1,061,668
	KRS Corp.		75,600		513,244
	Kumagai Gumi Co. Ltd.		209,600		4,940,019
	Kyodo Printing Co. Ltd.		38,500		807,474
#	Kyokuto Boeki Kaisha Ltd.		66,000		811,404
	Kyokuto Kaihatsu Kogyo Co. Ltd.		198,600		2,336,689
#	KYORITSU Co. Ltd.		151,200		193,072
#	Kyudenko Corp.		216,100		6,764,729
	LIKE, Inc.		61,300		627,017
#	Link & Motivation, Inc.		264,200		766,464
*	LTS, Inc.		3,200		86,753
	Mabuchi Motor Co. Ltd.		252,834		7,546,102
#	Maezawa Industries, Inc.		49,000		334,366
#	Maezawa Kasei Industries Co. Ltd.		84,000		850,182
	Maezawa Kyuso Industries Co. Ltd.		122,700		986,322
	Makino Milling Machine Co. Ltd.		145,100		6,328,837
	Management Solutions Co. Ltd.		54,200		1,016,081
	Marufuji Sheet Piling Co. Ltd.		11,800		187,354
	MARUKA FURUSATO Corp.		45,807		822,011
	Marumae Co. Ltd.		31,900		376,879
	Maruyama Manufacturing Co., Inc.		12,800		193,163
	Maruzen Co. Ltd.		65,800		916,632
	Maruzen Showa Unyu Co. Ltd.		79,400		2,009,102
#	Matching Service Japan Co. Ltd.		52,000		389,859
	Matsuda Sangyo Co. Ltd.		75,682		1,199,097
#	Matsui Construction Co. Ltd.		118,900		606,363
	Max Co. Ltd.		158,700		2,907,848
	Meidensha Corp.		216,410		3,246,629
#	Meiho Facility Works Ltd.		31,200		152,343
	Meiji Electric Industries Co. Ltd.		51,600		501,117
#	Meiji Shipping Co. Ltd.		81,700		491,893
	Meisei Industrial Co. Ltd.		216,000		1,459,992
	Meitec Corp.		478,200		8,648,389
#	Meiwa Corp.		145,600		640,431
*	MetaReal Corp.		26,300		215,876
	METAWATER Co. Ltd.		114,300		1,424,861
#	Midac Holdings Co. Ltd.		30,100		382,798
#	Mie Kotsu Group Holdings, Inc.		346,700		1,321,536
	Mirai Industry Co. Ltd.		4,600		105,738
	Mirait One Corp.		565,135		7,429,113
	Mitani Corp.		294,600		2,763,854

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Mitani Sangyo Co. Ltd.		145,000	$	307,309
	Mitsubishi Kakoki Kaisha Ltd.		39,000		722,934
	Mitsubishi Logisnext Co. Ltd.		181,300		1,654,695
	Mitsubishi Logistics Corp.		174,800		4,642,885
	Mitsubishi Pencil Co. Ltd.		133,500		1,712,658
#	Mitsuboshi Belting Ltd.		89,300		2,738,599
	Mitsui E&S Co. Ltd.		302,581		1,172,955
#	Mitsui Matsushima Holdings Co. Ltd.		71,100		1,308,851
	Mitsui-Soko Holdings Co. Ltd.		125,200		3,603,390
#	Miyaji Engineering Group, Inc.		75,035		1,529,688
	Mori-Gumi Co. Ltd.		69,500		158,113
	Morita Holdings Corp.		202,300		2,153,203
#	NAC Co. Ltd.		61,300		396,891
	Nachi-Fujikoshi Corp.		86,900		2,333,316
	Nadex Co. Ltd.		22,200		175,930
	Nagase & Co. Ltd.		584,600		9,185,925
	Naigai Trans Line Ltd.		41,700		704,455
#	Nakabayashi Co. Ltd.		113,400		394,363
	Nakakita Seisakusho Co. Ltd.		3,700		70,901
	Nakamoto Packs Co. Ltd.		33,300		369,438
	Nakanishi Manufacturing Co. Ltd.		5,700		62,880
	Nakano Corp.		29,400		84,896
#	Namura Shipbuilding Co. Ltd.		246,528		1,432,319
	Narasaki Sangyo Co. Ltd.		25,400		440,773
	Nice Corp.		30,000		292,735
	Nichias Corp.		378,700		7,760,095
	Nichiban Co. Ltd.		68,100		832,705
	Nichiden Corp.		92,100		1,533,041
	Nichiha Corp.		159,280		3,131,587
	Nichireki Co. Ltd.		148,800		1,987,265
	Nihon Dengi Co. Ltd.		30,800		892,364
	Nihon Flush Co. Ltd.		122,000		720,326
#	Nihon M&A Center Holdings, Inc.		1,034,900		4,973,669
	Nikkiso Co. Ltd.		304,400		2,061,698
	Nikko Co. Ltd.		157,244		691,696
	Nikkon Holdings Co. Ltd.		369,900		7,816,577
	Nippi, Inc.		11,900		336,078
#	Nippon Air Conditioning Services Co. Ltd.		187,100		982,906
	Nippon Aqua Co. Ltd.		59,400		413,617
	Nippon Carbon Co. Ltd.		65,400		1,992,007
	Nippon Concept Corp.		39,500		470,502
	Nippon Densetsu Kogyo Co. Ltd.		224,600		3,294,155
#	Nippon Dry-Chemical Co. Ltd.		11,300		157,994
	Nippon Filcon Co. Ltd.		15,700		49,782
#	Nippon Hume Corp.		137,300		799,383
	Nippon Parking Development Co. Ltd.		1,161,400		1,655,317
#	Nippon Rietec Co. Ltd.		26,400		229,860
	Nippon Road Co. Ltd.		102,000		1,281,705
	Nippon Seisen Co. Ltd.		14,800		472,303
	Nippon Sharyo Ltd.		37,725		529,312
*	Nippon Sheet Glass Co. Ltd.		526,400		2,845,831
	Nippon Thompson Co. Ltd.		338,500		1,251,816
	Nippon Tungsten Co. Ltd.		6,699		111,070
	Nishimatsu Construction Co. Ltd.		190,100		4,714,273
	Nishi-Nippon Railroad Co. Ltd.		269,800		4,476,994
	Nishio Holdings Co. Ltd.		123,800		2,922,253
	Nissei ASB Machine Co. Ltd.		50,300		1,528,761
#	Nissei Plastic Industrial Co. Ltd.		105,100		715,806
	Nisshinbo Holdings, Inc.		838,680		6,232,650

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Nissin Corp.		90,000	$	1,609,262
*	Nisso Corp.		79,600		412,808
	Nitta Corp.		119,600		2,654,752
#	Nitto Boseki Co. Ltd.		70,700		1,648,068
	Nitto Kogyo Corp.		166,300		3,985,582
	Nitto Kohki Co. Ltd.		65,000		852,970
	Nitto Seiko Co. Ltd.		170,378		678,676
	Nittoc Construction Co. Ltd.		117,600		858,326
#	Nittoku Co. Ltd.		3,100		51,025
	NJS Co. Ltd.		36,800		739,240
	Noda Corp.		116,900		1,066,281
#	Nomura Micro Science Co. Ltd.		39,900		1,622,597
	Noritake Co. Ltd.		57,700		2,397,889
	Noritsu Koki Co. Ltd.		117,000		2,600,415
	Noritz Corp.		165,800		1,757,066
#	NS Tool Co. Ltd.		105,300		742,870
#	NS United Kaiun Kaisha Ltd.		58,900		1,550,696
#	NTN Corp.		2,389,800		4,549,355
	Obara Group, Inc.		72,300		1,864,271
#	Ochi Holdings Co. Ltd.		8,900		84,729
	Odawara Engineering Co. Ltd.		8,500		142,052
	Ohba Co. Ltd.		76,500		487,730
	Ohmoto Gumi Co. Ltd.		12,300		208,519
	Oiles Corp.		139,970		1,879,166
	Okabe Co. Ltd.		205,100		1,028,973
	Okada Aiyon Corp.		42,800		595,202
	Okamoto Machine Tool Works Ltd.		25,299		928,952
	Okamura Corp.		368,200		5,559,852
#	OKUMA Corp.		147,700		6,486,565
	Okumura Corp.		181,680		5,455,419
	Onoken Co. Ltd.		107,500		1,236,793
	Open Up Group, Inc.		165,300		2,027,438
#	Organo Corp.		162,700		4,562,593
#	Oriental Consultants Holdings Co. Ltd.		6,100		106,947
	Oriental Shiraishi Corp.		747,300		1,643,053
#	Origin Co. Ltd.		24,900		209,902
	OSG Corp.		514,200		6,046,395
	Outsourcing, Inc.		724,300		5,589,814
	Oyo Corp.		126,400		2,104,872
	Paraca, Inc.		35,900		475,019
*	Park24 Co. Ltd.		185,200		2,346,613
	Parker Corp.		34,000		193,514
#	Pasco Corp.		11,200		127,524
	Pasona Group, Inc.		135,800		1,482,408
#	Pegasus Co. Ltd.		130,100		535,274
	Penta-Ocean Construction Co. Ltd.		728,500		4,329,789
	People Dreams & Technologies Group Co. Ltd.		23,700		260,644
	Pilot Corp.		131,300		4,506,223
	Prestige International, Inc.		638,800		2,639,820
	Pronexus, Inc.		104,900		823,569
	PS Mitsubishi Construction Co. Ltd.		203,300		1,134,803
#	Punch Industry Co. Ltd.		88,700		257,941
	Quick Co. Ltd.		77,000		1,082,390
	Raito Kogyo Co. Ltd.		282,600		3,899,720
	Raiznext Corp.		268,200		2,604,226
*	Raksul, Inc.		131,500		1,167,939
	Rasa Corp.		63,200		708,995
	Rheon Automatic Machinery Co. Ltd.		98,100		874,292
	Rix Corp.		17,300		346,284

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Ryobi Ltd.		140,840	$	2,860,392
#	S LINE GROUP Co. Ltd.		23,800		144,536
	Sakai Heavy Industries Ltd.		22,800		810,896
#	Sakai Moving Service Co. Ltd.		140,800		2,348,364
	Sanki Engineering Co. Ltd.		268,900		2,916,896
	Sanko Gosei Ltd.		134,300		637,537
	Sanko Metal Industrial Co. Ltd.		15,700		423,948
	Sankyo Tateyama, Inc.		139,674		881,051
	Sankyu, Inc.		165,500		5,721,499
	Sansei Technologies, Inc.		64,500		532,908
	Sansha Electric Manufacturing Co. Ltd.		60,700		555,262
	Sanyo Denki Co. Ltd.		53,600		2,449,112
#	Sanyo Electric Railway Co. Ltd.		101,698		1,468,746
	Sanyo Engineering & Construction, Inc.		60,200		283,637
	Sanyo Industries Ltd.		9,900		138,587
	Sanyo Trading Co. Ltd.		138,600		1,249,477
	Sata Construction Co. Ltd.		86,199		305,446
	Sato Holdings Corp.		160,800		2,269,089
#	Sato Shoji Corp.		86,800		877,200
	SBS Holdings, Inc.		117,700		2,205,418
#	SEC Carbon Ltd.		10,900		1,045,455
	Seibu Electric & Machinery Co. Ltd.		10,300		95,205
	Seika Corp.		44,500		664,791
	Seikitokyu Kogyo Co. Ltd.		101,230		1,061,069
	Sekisui Jushi Corp.		192,600		3,068,744
	Senko Group Holdings Co. Ltd.		688,500		4,825,883
#	Senshu Electric Co. Ltd.		77,500		1,827,592
	Shibaura Machine Co. Ltd.		120,800		3,328,509
#	Shibusawa Warehouse Co. Ltd.		58,000		1,180,865
	Shibuya Corp.		93,100		1,561,787
	Shima Seiki Manufacturing Ltd.		161,330		1,927,602
#	Shimojima Co. Ltd.		48,800		378,762
	Shin Maint Holdings Co. Ltd.		14,600		168,156
	Shin Nippon Air Technologies Co. Ltd.		84,680		1,359,760
	Shinki Bus Co. Ltd.		1,900		43,384
#	Shinmaywa Industries Ltd.		348,100		2,965,447
	Shinnihon Corp.		164,700		1,351,386
#	Shinsho Corp.		30,000		1,160,620
	Shinwa Co. Ltd.		60,300		956,612
	Shinwa Co. Ltd.		24,800		125,711
	SHO-BOND Holdings Co. Ltd.		5,200		204,243
	SIGMAXYZ Holdings, Inc.		204,400		2,148,125
	Sinfonia Technology Co. Ltd.		135,800		1,458,732
	Sinko Industries Ltd.		122,500		1,811,276
	Sintokogio Ltd.		263,500		1,926,584
	SMS Co. Ltd.		246,500		4,189,010
	Soda Nikka Co. Ltd.		105,700		729,475
	Sodick Co. Ltd.		268,900		1,314,890
	Sotetsu Holdings, Inc.		272,700		5,362,540
#	Space Co. Ltd.		94,862		587,997
	S-Pool, Inc.		396,700		1,264,745
	Star Micronics Co. Ltd.		213,900		2,682,639
#	Studio Alice Co. Ltd.		56,600		785,985
	Subaru Enterprise Co. Ltd.		6,300		511,388
	Sugimoto & Co. Ltd.		61,600		909,509
#	Sumiseki Holdings, Inc.		221,100		726,574
	Sumitomo Densetsu Co. Ltd.		109,300		2,027,228
	Sumitomo Mitsui Construction Co. Ltd.		848,440		2,333,556
#	Sumitomo Warehouse Co. Ltd.		333,600		5,319,160

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Suzumo Machinery Co. Ltd.		4,400	$	30,925
	SWCC Corp.		154,100		2,193,048
#	Tacmina Corp.		14,700		156,931
	Tadano Ltd.		647,500		5,493,110
	Taihei Dengyo Kaisha Ltd.		89,200		2,424,674
#	Taiheiyo Kouhatsu, Inc.		41,300		223,534
	Taikisha Ltd.		157,700		4,764,640
	Taisei Oncho Co. Ltd.		14,900		233,830
#	Takamatsu Construction Group Co. Ltd.		90,100		1,605,981
	Takamiya Co. Ltd.		137,800		452,438
#	Takano Co. Ltd.		41,200		239,507
	Takaoka Toko Co. Ltd.		59,920		841,054
	Takara & Co. Ltd.		48,355		797,520
#	Takara Standard Co. Ltd.		196,500		2,433,103
	Takasago Thermal Engineering Co. Ltd.		251,400		4,882,679
	Takashima & Co. Ltd.		74,800		464,998
#	Takatori Corp.		4,500		163,010
	Takeuchi Manufacturing Co. Ltd.		209,400		6,847,358
	Takigami Steel Construction Co. Ltd.		5,300		297,764
#	Takisawa Machine Tool Co. Ltd.		25,500		442,584
	Takuma Co. Ltd.		190,300		1,967,918
	Tanabe Engineering Corp.		39,500		414,767
	Tanseisha Co. Ltd.		230,049		1,438,127
# *	Tatsuta Electric Wire & Cable Co. Ltd.		179,300		839,520
	Techno Ryowa Ltd.		68,690		620,444
	Techno Smart Corp.		46,800		531,537
	Teikoku Electric Manufacturing Co. Ltd.		103,400		1,745,569
	Teikoku Sen-I Co. Ltd.		113,000		1,460,752
	Tekken Corp.		83,400		1,186,146
	Terasaki Electric Co. Ltd.		24,300		288,564
	Tess Holdings Co. Ltd.		72,200		253,667
	TKC Corp.		183,400		4,460,975
	Toa Corp.		82,100		2,059,194
	TOA ROAD Corp.		50,400		1,798,831
#	Toba, Inc.		9,800		214,165
	Tobishima Corp.		111,970		1,035,703
	Tocalo Co. Ltd.		374,400		3,405,712
	Toda Corp.		763,300		4,129,909
	Toenec Corp.		54,000		1,528,769
	Togami Electric Manufacturing Co. Ltd.		17,800		256,546
	TOKAI Holdings Corp.		642,800		3,979,540
	Tokai Lease Co. Ltd.		16,600		146,829
	Tokyo Energy & Systems, Inc.		130,900		865,455
	Tokyo Keiki, Inc.		71,022		695,159
#	Tokyo Sangyo Co. Ltd.		126,500		703,779
	Tokyu Construction Co. Ltd.		523,900		2,731,801
#	Toli Corp.		255,900		625,774
#	Tomoe Corp.		138,700		530,092
#	Tomoe Engineering Co. Ltd.		46,400		948,973
	Tonami Holdings Co. Ltd.		35,500		1,100,433
	Torishima Pump Manufacturing Co. Ltd.		118,300		1,503,330
#	Totech Corp.		48,100		1,674,036
	Totetsu Kogyo Co. Ltd.		152,800		2,998,431
	Toukei Computer Co. Ltd.		6,810		282,887
	Toyo Construction Co. Ltd.		492,600		4,012,729
#	Toyo Denki Seizo KK		15,650		102,840
*	Toyo Engineering Corp.		194,378		888,670
#	Toyo Logistics Co. Ltd.		17,020		166,380
#	Toyo Machinery & Metal Co. Ltd.		100,000		458,634

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Toyo Tanso Co. Ltd.		87,200	$	3,158,118
#	Toyo Wharf & Warehouse Co. Ltd.		24,100		227,339
	Trancom Co. Ltd.		47,200		2,316,282
	Transcosmos, Inc.		114,200		2,438,758
	TRE Holdings Corp.		54,000		435,212
	Trinity Industrial Corp.		36,000		226,495
	Trusco Nakayama Corp.		236,800		3,875,266
	Tsubaki Nakashima Co. Ltd.		257,500		1,341,636
	Tsubakimoto Chain Co.		158,840		4,110,465
	Tsubakimoto Kogyo Co. Ltd.		28,400		935,375
	Tsugami Corp.		267,700		2,072,620
	Tsukishima Holdings Co. Ltd.		165,000		1,455,249
	Tsurumi Manufacturing Co. Ltd.		114,300		2,344,401
#	Ueki Corp.		60,800		612,357
	UEX Ltd.		2,900		23,695
	Union Tool Co.		46,900		1,215,215
	Ushio, Inc.		592,600		7,191,631
*	UT Group Co. Ltd.		178,700		2,661,595
*	Visional, Inc.		121,700		6,122,718
	Wakachiku Construction Co. Ltd.		74,800		1,503,161
	Wakita & Co. Ltd.		217,200		2,037,782
	WDB Holdings Co. Ltd.		59,200		808,251
	Weathernews, Inc.		36,200		1,530,772
	Will Group, Inc.		96,500		699,520
	World Holdings Co. Ltd.		50,700		822,940
	Yahagi Construction Co. Ltd.		172,600		1,451,510
	YAMABIKO Corp.		217,528		2,091,988
	YAMADA Consulting Group Co. Ltd.		50,438		545,137
#	Yamashina Corp.		245,700		144,506
#	Yamato Corp.		108,400		694,359
	Yamaura Corp.		14,400		120,011
#	Yamazen Corp.		353,200		2,775,229
	Yasuda Logistics Corp.		99,100		707,238
	Yokogawa Bridge Holdings Corp.		198,600		3,707,645
	Yondenko Corp.		54,120		1,028,986
	Yuasa Trading Co. Ltd.		103,900		2,870,778
	Yuken Kogyo Co. Ltd.		5,100		77,877
	Yurtec Corp.		257,400		1,651,218
	Yushin Precision Equipment Co. Ltd.		31,700		145,129
	Zaoh Co. Ltd.		25,900		439,356
	Zenitaka Corp.		14,800		367,764
#	Zuiko Corp.		94,600		775,156
TOTAL INDUSTRIALS					833,312,121
INFORMATION TECHNOLOGY — (14.0%)
	A&D HOLON Holdings Co. Ltd.		138,500		1,574,844
*	Access Co. Ltd.		29,900		156,898
	Ad-sol Nissin Corp.		45,308		517,735
#	Adtec Plasma Technology Co. Ltd.		25,000		276,658
#	AGS Corp.		13,000		61,658
	Ai Holdings Corp.		240,500		3,807,849
*	AI inside, Inc.		400		11,894
	Aichi Tokei Denki Co. Ltd.		44,837		527,110
#	Aiphone Co. Ltd.		66,800		1,338,813
*	Allied Telesis Holdings KK		191,200		134,228
	Alpha Systems, Inc.		23,920		453,590
	Alps Alpine Co. Ltd.		902,442		7,823,466
	Amano Corp.		291,800		6,404,279
#	Anritsu Corp.		851,999		6,079,274

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	AOI Electronics Co. Ltd.		27,700	$	343,724
	Argo Graphics, Inc.		102,600		2,276,741
#	Arisawa Manufacturing Co. Ltd.		207,900		1,472,787
	Asahi Intelligence Service Co. Ltd.		1,300		11,020
#	Atled Corp.		15,700		152,739
	Avant Group Corp.		127,700		1,110,411
	Base Co. Ltd.		20,900		601,751
	BrainPad, Inc.		86,500		499,222
#	Business Brain Showa-Ota, Inc.		41,500		599,501
#	Business Engineering Corp.		9,200		202,241
	CAC Holdings Corp.		75,200		886,627
	Canon Electronics, Inc.		122,900		1,553,892
#	CDS Co. Ltd.		15,500		181,375
#	Celsys, Inc.		190,200		948,447
#	Change Holdings, Inc.		203,200		2,385,964
#	Chino Corp.		45,000		608,049
#	Citizen Watch Co. Ltd.		1,550,700		9,538,744
	CMK Corp.		275,600		1,235,436
	Computer Engineering & Consulting Ltd.		170,100		1,814,171
	Computer Institute of Japan Ltd.		227,278		864,228
	Comture Corp.		143,900		2,226,357
	Core Corp.		45,800		526,432
#	Cresco Ltd.		84,700		1,002,028
#	Cross Cat Co. Ltd.		8,200		56,117
#	Cube System, Inc.		60,600		460,652
	Cyber Com Co. Ltd.		10,600		93,609
*	Cyber Security Cloud, Inc.		11,900		181,019
	Cyberlinks Co. Ltd.		28,900		151,018
	Cybozu, Inc.		167,200		2,261,269
	Daiko Denshi Tsushin Ltd.		23,100		101,137
#	Daishinku Corp.		148,696		765,465
	Daitron Co. Ltd.		55,600		1,121,932
	Daiwabo Holdings Co. Ltd.		574,800		11,020,482
	Dawn Corp.		4,000		53,434
	Densan System Holdings Co. Ltd.		43,600		838,159
#	Dexerials Corp.		345,400		8,504,621
	Digital Arts, Inc.		72,500		2,240,098
#	Digital Hearts Holdings Co. Ltd.		74,800		501,337
	Digital Information Technologies Corp.		61,700		755,716
	DKK Co. Ltd.		55,100		879,959
#	DKK-Toa Corp.		31,400		182,610
#	Double Standard, Inc.		36,100		407,231
#	DTS Corp.		250,500		5,344,049
	Ebase Co. Ltd.		125,600		552,981
#	E-Guardian, Inc.		60,900		1,087,047
	Eizo Corp.		96,200		3,260,230
	Elecom Co. Ltd.		256,300		2,984,434
#	Elematec Corp.		113,542		1,403,132
	Enomoto Co. Ltd.		29,100		325,625
#	Enplas Corp.		46,100		3,219,218
	ESPEC Corp.		116,100		1,862,905
#	Ferrotec Holdings Corp.		245,700		4,686,633
#	Fixstars Corp.		124,200		970,016
#	Focus Systems Corp.		53,700		352,016
#	Forval Corp.		51,100		380,238
	FTGroup Co. Ltd.		51,000		431,514
	Fuji Soft, Inc.		48,600		1,571,998
	Fukui Computer Holdings, Inc.		60,500		1,077,904
	Furuno Electric Co. Ltd.		155,900		1,439,615

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
#	Furuya Metal Co. Ltd.		17,800	$	1,228,626
	Future Corp.		289,100		2,905,609
	GL Sciences, Inc.		44,500		684,998
#	Glosel Co. Ltd.		113,200		352,425
#	GMO GlobalSign Holdings KK		24,200		443,872
	GMO internet group, Inc.		202,920		3,137,611
	GMO Pepabo, Inc.		4,600		41,386
	Hagiwara Electric Holdings Co. Ltd., Class C		47,100		1,246,001
#	Hakuto Co. Ltd.		82,700		2,799,641
# *	Hennge KK		13,200		97,489
	Himacs Ltd.		960		9,019
	Hioki EE Corp.		60,900		2,938,905
	Hochiki Corp.		91,500		989,769
#	Hokuriku Electric Industry Co. Ltd.		21,839		207,409
	Horiba Ltd.		117,300		6,337,197
	Hosiden Corp.		304,400		3,901,574
*	Hotto Link, Inc.		55,800		125,693
#	Icom, Inc.		54,900		1,223,335
#	ID Holdings Corp.		79,450		765,463
	I'll, Inc.		36,500		948,199
	Ines Corp.		123,100		1,353,460
#	I-Net Corp.		76,490		876,499
	Information Services International-Dentsu Ltd.		5,700		217,742
#	Innotech Corp.		96,100		1,029,006
#	Intelligent Wave, Inc.		50,500		316,587
	Inter Action Corp.		34,200		235,327
	I-PEX, Inc.		72,100		767,308
	Iriso Electronics Co. Ltd.		126,400		3,544,814
	ISB Corp.		51,700		498,738
*	ITbook Holdings Co. Ltd.		44,600		100,508
	Itfor, Inc.		172,600		1,273,085
# *	Iwatsu Electric Co. Ltd.		53,100		279,165
#	Japan Aviation Electronics Industry Ltd.		294,700		5,858,466
#	Japan Cash Machine Co. Ltd.		128,900		862,309
	Japan Electronic Materials Corp.		60,200		551,005
	Japan Material Co. Ltd.		429,600		6,577,628
	Japan System Techniques Co. Ltd.		32,200		485,847
	Jastec Co. Ltd.		71,600		725,763
#	JBCC Holdings, Inc.		90,100		1,715,607
	JFE Systems, Inc.		10,000		214,127
# *	JIG-SAW, Inc.		20,800		547,677
	Justsystems Corp.		173,700		3,473,544
	Kaga Electronics Co. Ltd.		100,200		4,340,604
*	Kaonavi, Inc.		9,300		137,626
	KEL Corp.		27,900		358,078
#	Koa Corp.		193,600		2,327,219
*	Konica Minolta, Inc.		1,977,700		6,438,409
	KSK Co. Ltd.		3,000		51,795
#	Kyoden Co. Ltd.		40,468		162,311
	Kyosan Electric Manufacturing Co. Ltd.		228,400		743,781
#	Kyowa Electronic Instruments Co. Ltd.		116,100		290,245
#	LAC Co. Ltd.		91,600		468,264
	Macnica Holdings, Inc.		116,050		5,448,323
#	Marubun Corp.		106,400		816,543
	Maruwa Co. Ltd.		50,300		7,870,776
	Maxell Ltd.		242,000		2,707,113
	MCJ Co. Ltd.		428,700		3,215,174
	Megachips Corp.		102,600		2,866,029
#	Meiko Electronics Co. Ltd.		129,300		2,928,030

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Melco Holdings, Inc.		35,600	$	741,279
	Micronics Japan Co. Ltd.		158,600		2,241,914
	MIMAKI ENGINEERING Co. Ltd.		113,200		601,042
	Mimasu Semiconductor Industry Co. Ltd.		107,681		1,997,188
	Miraial Co. Ltd.		40,000		375,296
	Miroku Jyoho Service Co. Ltd.		112,800		1,241,942
	Mitsubishi Research Institute, Inc.		50,700		1,641,513
	Mitsui High-Tec, Inc.		3,200		165,726
	m-up Holdings, Inc.		175,500		1,501,878
#	Mutoh Holdings Co. Ltd.		7,400		101,791
#	Nagano Keiki Co. Ltd.		86,800		1,506,648
	Naigai Tec Corp.		7,900		117,861
	NEC Networks & System Integration Corp.		235,508		3,092,289
	NET One Systems Co. Ltd.		448,016		8,502,152
	NF Holdings Corp.		12,900		103,565
	Nichicon Corp.		294,200		2,771,005
#	Nihon Dempa Kogyo Co. Ltd.		118,900		1,106,896
	Nihon Denkei Co. Ltd.		43,300		596,602
	Nippon Ceramic Co. Ltd.		8,900		158,398
*	Nippon Chemi-Con Corp.		110,100		1,186,065
	Nippon Computer Dynamics Co. Ltd.		36,200		237,835
	Nippon Electric Glass Co. Ltd.		385,836		7,185,562
#	Nippon Information Development Co. Ltd.		12,600		145,318
#	Nippon Kodoshi Corp.		51,600		682,364
	Nippon Signal Company Ltd.		284,800		1,790,104
	Nissha Co. Ltd.		242,900		2,727,777
	Nohmi Bosai Ltd.		140,700		1,663,731
	NSD Co. Ltd.		482,660		9,149,035
	NSW, Inc.		48,600		910,872
#	Ohara, Inc.		48,700		422,682
	Oki Electric Industry Co. Ltd.		503,756		3,389,997
	Optex Group Co. Ltd.		178,820		1,934,133
*	Optim Corp.		86,500		498,258
	Optorun Co. Ltd.		102,800		1,261,244
	Oro Co. Ltd.		39,000		560,005
	Osaki Electric Co. Ltd.		205,040		930,444
#	Oval Corp.		35,600		103,203
	PCI Holdings, Inc.		45,300		318,821
	Plus Alpha Consulting Co. Ltd.		40,400		756,859
	Pole To Win Holdings, Inc.		184,697		650,651
#	Pro-Ship, Inc.		51,100		431,472
	Restar Holdings Corp.		108,800		1,780,559
	Riken Keiki Co. Ltd.		87,100		3,509,111
	Riso Kagaku Corp.		52,400		818,207
	River Eletec Corp.		29,700		110,283
	Roland DG Corp.		76,900		1,748,524
	Rorze Corp.		64,000		4,408,167
	RS Technologies Co. Ltd.		54,300		1,035,297
	RYODEN Corp.		92,900		1,444,498
#	Ryosan Co. Ltd.		118,000		3,506,792
	Saison Information Systems Co. Ltd.		27,400		356,692
#	Sakura Internet, Inc.		107,800		877,614
	Samco, Inc.		19,400		550,211
	Sanken Electric Co. Ltd.		106,200		6,422,780
#	Sanshin Electronics Co. Ltd.		70,900		1,031,729
	Santec Holdings Corp.		11,800		208,897
	Satori Electric Co. Ltd.		73,880		929,527
#	Saxa Holdings, Inc.		21,300		348,994
	SB Technology Corp.		62,000		934,994

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Seikoh Giken Co. Ltd.		23,900	$	224,615
#	SEMITEC Corp.		32,000		415,030
#	SERAKU Co. Ltd.		9,700		84,062
	Shibaura Electronics Co. Ltd.		43,000		1,727,655
#	Shibaura Mechatronics Corp.		67,200		3,155,675
	Shikino High-Tech Co. Ltd.		2,300		38,799
	Shindengen Electric Manufacturing Co. Ltd.		43,600		889,683
	Shinko Shoji Co. Ltd.		231,100		1,833,322
#	Shizuki Electric Co., Inc.		112,800		352,278
	Showa Shinku Co. Ltd.		24,400		227,335
	Sigma Koki Co. Ltd.		27,900		290,622
	Siix Corp.		186,300		1,894,109
	Simplex Holdings, Inc.		73,900		1,337,219
#	SK-Electronics Co. Ltd.		49,000		987,033
*	Smaregi, Inc.		6,500		121,307
#	SMK Corp.		26,049		430,487
	Softcreate Holdings Corp.		96,400		1,121,736
	Soliton Systems KK		54,100		415,273
	Solxyz Co. Ltd.		29,700		90,130
	SRA Holdings		69,900		1,628,756
	Startia Holdings, Inc.		5,600		67,238
	Sumida Corp.		156,349		1,594,729
	Sun-Wa Technos Corp.		75,500		1,084,218
	Suzuden Corp.		2,100		30,907
	Suzuki Co. Ltd.		65,977		523,094
	System D, Inc.		1,100		10,341
# *	System Information Co. Ltd.		61,800		383,102
	System Research Co. Ltd.		29,800		582,453
	System Support, Inc.		26,800		375,466
	Systems Engineering Consultants Co. Ltd.		6,600		154,008
	Systena Corp.		1,578,800		2,837,670
#	T&S, Inc.		13,400		215,247
#	Tachibana Eletech Co. Ltd.		101,760		1,905,284
#	TAKEBISHI Corp.		52,200		638,041
#	Tamura Corp.		441,800		1,649,346
	Tazmo Co. Ltd.		13,300		259,180
	TDC Soft, Inc.		93,400		1,057,147
	TechMatrix Corp.		242,600		2,567,674
*	Techno Horizon Co. Ltd.		9,700		34,508
	Tecnos Japan, Inc.		46,100		226,934
#	Teikoku Tsushin Kogyo Co. Ltd.		42,900		528,769
#	TESEC Corp.		22,600		458,063
	Toho System Science Co. Ltd.		4,050		34,646
#	Tokyo Electron Device Ltd.		125,400		2,965,959
	Tokyo Seimitsu Co. Ltd.		202,100		10,104,445
#	Tomen Devices Corp.		17,800		575,983
	Topcon Corp.		663,300		7,314,796
#	Torex Semiconductor Ltd.		52,900		760,654
	Toshiba TEC Corp.		137,400		3,136,650
	Towa Corp.		114,400		3,169,333
	Toyo Corp.		149,600		1,305,416
	Tri Chemical Laboratories, Inc.		155,900		3,224,360
#	Tsuzuki Denki Co. Ltd.		42,800		662,407
#	Ubicom Holdings, Inc.		33,400		300,761
#	Uchida Yoko Co. Ltd.		46,900		2,125,009
	ULS Group, Inc.		13,800		391,923
	Ulvac, Inc.		188,200		6,781,023
	UNITED, Inc.		48,400		308,775
	User Local, Inc.		9,200		111,812

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	V Technology Co. Ltd.		55,000	$	763,216
*	Valtes Co. Ltd.		15,900		104,663
#	VINX Corp.		25,600		220,569
	Wacom Co. Ltd.		625,200		2,477,132
#	WILLs, Inc.		34,200		139,797
	WingArc1st, Inc.		35,100		598,708
	Yamaichi Electronics Co. Ltd.		136,700		1,569,943
#	Yashima Denki Co. Ltd.		119,500		1,065,970
	YE DIGITAL Corp.		700		3,272
	Yokowo Co. Ltd.		111,075		1,168,539
TOTAL INFORMATION TECHNOLOGY					406,152,955
MATERIALS — (12.7%)
	Achilles Corp.		70,900		682,975
	ADEKA Corp.		507,000		8,657,522
	Agro-Kanesho Co. Ltd.		2,300		20,814
	Aica Kogyo Co. Ltd.		200,800		4,476,642
	Aichi Steel Corp.		66,965		1,750,205
	Arakawa Chemical Industries Ltd.		95,500		649,393
#	Araya Industrial Co. Ltd.		12,200		229,883
#	ARE Holdings, Inc.		470,200		5,962,652
	Asahi Printing Co. Ltd.		25,700		151,512
	Asahi Yukizai Corp.		87,600		2,163,815
	Asahipen Corp.		2,100		25,038
	Asia Pile Holdings Corp.		187,730		876,300
	C Uyemura & Co. Ltd.		68,300		4,303,505
	Carlit Holdings Co. Ltd.		122,213		779,924
#	Chuetsu Pulp & Paper Co. Ltd.		32,800		306,166
	Chugoku Marine Paints Ltd.		274,300		2,486,154
	CI Takiron Corp.		281,800		1,081,579
#	CK-San-Etsu Co. Ltd.		22,800		549,204
	Dai Nippon Toryo Co. Ltd.		118,200		766,273
	Daicel Corp.		731,200		6,117,100
	Daido Steel Co. Ltd.		156,900		6,375,674
#	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		110,600		703,951
	Daiken Corp.		61,300		1,226,718
	Daiki Aluminium Industry Co. Ltd.		170,400		1,486,517
	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		76,800		1,166,193
#	Daio Paper Corp.		357,700		2,926,934
#	Denka Co. Ltd.		233,200		4,212,376
	DIC Corp.		341,600		5,544,961
	DKS Co. Ltd.		41,115		478,301
	Dowa Holdings Co. Ltd.		162,100		5,037,191
	Dynapac Co. Ltd.		8,500		86,844
	FP Corp.		66,100		1,061,464
	Fuji Seal International, Inc.		247,028		2,941,807
	Fujikura Kasei Co. Ltd.		138,000		430,799
	Fujimi, Inc.		254,200		5,104,329
	Fujimori Kogyo Co. Ltd.		98,500		2,445,948
	Fuso Chemical Co. Ltd.		111,900		2,936,204
	Godo Steel Ltd.		57,500		1,764,294
	Gun-Ei Chemical Industry Co. Ltd.		26,200		581,582
#	Hakudo Co. Ltd.		41,600		631,249
#	Harima Chemicals Group, Inc.		81,900		451,760
	Hodogaya Chemical Co. Ltd.		35,300		749,964
	Hokkan Holdings Ltd.		54,841		553,360
	Hokko Chemical Industry Co. Ltd.		115,300		733,923
#	Hokuetsu Corp.		766,899		5,560,039
#	Ise Chemicals Corp.		11,600		668,834

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
#	Ishihara Chemical Co. Ltd.		72,000	$	767,562
	Ishihara Sangyo Kaisha Ltd.		193,150		1,911,652
	Ishizuka Glass Co. Ltd.		10,200		184,041
	Japan Pure Chemical Co. Ltd.		500		8,762
	JCU Corp.		128,600		2,670,841
	JSP Corp.		79,400		1,084,490
	Kaneka Corp.		199,700		5,177,280
	Kanto Denka Kogyo Co. Ltd.		261,700		1,527,363
	Katakura & Co-op Agri Corp.		8,700		66,639
	KeePer Technical Laboratory Co. Ltd.		84,800		3,301,300
#	KEIWA, Inc.		51,200		483,608
	KH Neochem Co. Ltd.		198,942		3,050,318
#	Kimoto Co. Ltd.		181,500		225,736
	Koatsu Gas Kogyo Co. Ltd.		185,393		937,494
	Kohsoku Corp.		70,200		954,105
#	Konishi Co. Ltd.		166,100		2,530,372
	Konoshima Chemical Co. Ltd.		37,500		360,853
	Krosaki Harima Corp.		30,100		1,937,421
	Kumiai Chemical Industry Co. Ltd.		318,287		2,357,870
#	Kunimine Industries Co. Ltd.		41,700		289,211
	Kureha Corp.		98,450		5,473,707
	Kurimoto Ltd.		59,000		1,087,763
	Kuriyama Holdings Corp.		78,000		470,362
	Kyoei Steel Ltd.		135,500		1,801,898
#	Kyowa Leather Cloth Co. Ltd.		75,300		343,905
	Lintec Corp.		258,000		4,124,730
	Maeda Kosen Co. Ltd.		118,600		2,370,444
	Maruichi Steel Tube Ltd.		221,200		5,498,911
	MEC Co. Ltd.		95,700		2,363,657
#	Mipox Corp.		14,500		48,378
	Mitani Sekisan Co. Ltd.		66,000		2,030,725
	Mitsubishi Materials Corp.		291,600		4,714,786
#	Mitsubishi Paper Mills Ltd.		192,600		777,953
#	Mitsubishi Steel Manufacturing Co. Ltd.		60,400		609,268
#	Mitsui Mining & Smelting Co. Ltd.		345,600		8,761,446
#	MORESCO Corp.		30,800		245,128
	Moriroku Holdings Co. Ltd.		13,500		202,536
	Mory Industries, Inc.		33,200		878,104
#	Nakayama Steel Works Ltd.		139,800		845,314
#	Nasu Denki Tekko Co. Ltd.		3,000		175,375
	Neturen Co. Ltd.		209,200		1,399,728
# *	New Japan Chemical Co. Ltd.		111,300		172,562
	Nicca Chemical Co. Ltd.		45,700		275,849
#	Nichia Steel Works Ltd.		45,900		94,827
	Nihon Kagaku Sangyo Co. Ltd.		81,300		600,269
#	Nihon Nohyaku Co. Ltd.		211,300		927,233
	Nihon Parkerizing Co. Ltd.		520,200		3,843,617
# *	Nihon Yamamura Glass Co. Ltd.		58,200		697,082
#	Nippon Carbide Industries Co., Inc.		46,200		539,276
#	Nippon Chemical Industrial Co. Ltd.		45,700		597,156
	Nippon Concrete Industries Co. Ltd.		244,917		537,386
	Nippon Denko Co. Ltd.		625,614		1,270,604
#	Nippon Fine Chemical Co. Ltd.		82,800		1,434,872
	Nippon Kayaku Co. Ltd.		596,300		4,980,049
	Nippon Light Metal Holdings Co. Ltd.		355,390		3,996,523
*	Nippon Paper Industries Co. Ltd.		546,900		4,929,422
	Nippon Pillar Packing Co. Ltd.		113,500		2,959,106
	Nippon Shokubai Co. Ltd.		109,100		3,960,303
	Nippon Soda Co. Ltd.		141,400		5,199,750

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Nippon Yakin Kogyo Co. Ltd.		83,949	$	2,604,566
#	Nitta Gelatin, Inc.		77,000		365,170
	Nittetsu Mining Co. Ltd.		70,600		2,363,288
	Nozawa Corp.		47,500		268,595
	Oat Agrio Co. Ltd.		49,200		575,051
	Okamoto Industries, Inc.		69,600		2,359,501
	Okura Industrial Co. Ltd.		45,700		792,480
	Osaka Organic Chemical Industry Ltd.		95,843		1,618,102
	Osaka Soda Co. Ltd.		85,499		3,679,879
	Osaka Steel Co. Ltd.		79,300		975,469
#	OSAKA Titanium Technologies Co. Ltd.		85,100		1,730,350
# *	Pacific Metals Co. Ltd.		96,899		906,677
	Pack Corp.		87,200		1,838,496
	Rasa Industries Ltd.		43,000		593,051
	Rengo Co. Ltd.		980,600		6,724,797
	Riken Technos Corp.		231,800		1,107,208
	Sakai Chemical Industry Co. Ltd.		93,300		1,290,455
	Sakata INX Corp.		249,600		2,147,737
	Sanyo Chemical Industries Ltd.		76,700		2,099,680
	Sanyo Special Steel Co. Ltd.		122,960		2,419,776
	Seiko PMC Corp.		64,500		461,059
	Sekisui Kasei Co. Ltd.		150,000		464,449
	Shikoku Kasei Holdings Corp.		224,500		2,478,349
#	Shinagawa Refractories Co. Ltd.		173,500		1,766,794
	Shin-Etsu Polymer Co. Ltd.		275,500		2,462,355
	SK Kaken Co. Ltd.		6,500		297,457
	Soken Chemical & Engineering Co. Ltd.		46,700		607,491
#	Stella Chemifa Corp.		60,500		1,255,571
	Sumitomo Bakelite Co. Ltd.		194,100		8,450,644
	Sumitomo Osaka Cement Co. Ltd.		206,299		5,071,113
	Sumitomo Seika Chemicals Co. Ltd.		53,600		1,622,857
#	T Hasegawa Co. Ltd.		120,000		2,445,465
	T&K Toka Co. Ltd.		123,200		1,177,371
	Taiheiyo Cement Corp.		470,191		8,331,724
	Taisei Lamick Co. Ltd.		36,900		734,879
	Taiyo Holdings Co. Ltd.		220,400		3,774,663
	Takasago International Corp.		82,700		1,664,156
#	Takemoto Yohki Co. Ltd.		35,900		194,609
*	Tanaka Chemical Corp.		13,400		114,510
#	Taoka Chemical Co. Ltd.		15,100		71,701
	Tayca Corp.		92,400		845,942
	Teijin Ltd.		746,688		7,255,593
	Tenma Corp.		111,300		1,775,855
	Toagosei Co. Ltd.		685,100		6,152,676
# *	Toda Kogyo Corp.		4,300		55,023
#	Toho Acetylene Co. Ltd.		12,700		133,819
	Toho Chemical Industry Co. Ltd.		47,000		159,452
#	Toho Titanium Co. Ltd.		201,000		2,407,080
	Toho Zinc Co. Ltd.		83,499		912,149
	Tohoku Steel Co. Ltd.		16,300		201,088
	Tokai Carbon Co. Ltd.		943,200		7,378,453
	Tokushu Tokai Paper Co. Ltd.		52,258		1,195,063
	Tokuyama Corp.		371,497		5,834,884
	Tokyo Printing Ink Manufacturing Co. Ltd.		10,200		194,446
	Tokyo Rope Manufacturing Co. Ltd.		46,000		418,043
	Tokyo Steel Manufacturing Co. Ltd.		520,100		5,858,445
	Tokyo Tekko Co. Ltd.		61,900		1,461,147
	Tomoku Co. Ltd.		70,600		1,158,660
	Topy Industries Ltd.		83,400		1,419,125

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
#	Toyo Gosei Co. Ltd.		31,100	$	1,398,074
	Toyo Ink SC Holdings Co. Ltd.		226,000		3,531,533
	Toyobo Co. Ltd.		498,600		3,590,631
#	TYK Corp.		118,300		264,798
#	UACJ Corp.		194,941		4,086,665
#	UBE Corp.		611,100		10,296,630
#	Ultrafabrics Holdings Co. Ltd.		12,900		122,552
#	Valqua Ltd.		104,799		2,899,651
	Vertex Corp.		126,294		1,254,811
	Wavelock Holdings Co. Ltd.		30,900		133,647
#	Wood One Co. Ltd.		11,797		83,502
# *	W-Scope Corp.		162,400		1,101,295
	Yodogawa Steel Works Ltd.		135,700		3,213,824
#	Yotai Refractories Co. Ltd.		115,400		1,122,495
	Yushiro Chemical Industry Co. Ltd.		54,300		561,079
TOTAL MATERIALS					367,350,469
REAL ESTATE — (1.5%)
	AD Works Group Co. Ltd.		47,879		84,220
#	Airport Facilities Co. Ltd.		143,970		543,953
#	Anabuki Kosan, Inc.		16,400		219,509
	Aoyama Zaisan Networks Co. Ltd.		92,000		673,350
	Apaman Co. Ltd.		75,900		233,167
	Arealink Co. Ltd.		47,573		936,751
	B-Lot Co. Ltd.		25,800		147,071
	Cosmos Initia Co. Ltd.		46,100		223,459
#	CRE, Inc.		38,300		405,791
#	Dear Life Co. Ltd.		152,600		816,342
#	Goldcrest Co. Ltd.		91,970		1,362,493
	Good Com Asset Co. Ltd.		97,600		682,803
	Grandy House Corp.		95,600		408,538
	Heiwa Real Estate Co. Ltd.		120,200		3,197,439
	Ichigo, Inc.		257,400		560,835
#	Japan Property Management Center Co. Ltd.		80,700		615,738
	JINUSHI Co. Ltd.		77,900		999,309
	JSB Co. Ltd.		25,400		910,362
#	Katitas Co. Ltd.		255,000		3,712,015
	Keihanshin Building Co. Ltd.		197,400		1,811,018
	LA Holdings Co. Ltd.		8,700		271,487
# *	Leopalace21 Corp.		955,200		2,093,328
	Loadstar Capital KK		9,200		114,096
	Mirarth Holdings, Inc.		531,000		1,683,209
	Mugen Estate Co. Ltd.		56,900		416,031
	Nisshin Group Holdings Co. Ltd.		205,500		741,897
	Raysum Co. Ltd.		17,448		378,741
	Relo Group, Inc.		355,657		3,845,210
	SAMTY Co. Ltd.		169,950		2,695,931
	Sankyo Frontier Co. Ltd.		23,700		662,664
	Sansei Landic Co. Ltd.		12,000		85,307
# *	SRE Holdings Corp.		4,100		80,649
#	Star Mica Holdings Co. Ltd.		144,400		607,088
	Starts Corp., Inc.		208,300		4,065,531
	Sun Frontier Fudousan Co. Ltd.		178,800		1,799,823
#	Sunnexta Group, Inc.		11,100		72,188
#	Tenpo Innovation Co. Ltd.		3,100		24,268
# *	TKP Corp.		49,700		865,765
	TOC Co. Ltd.		284,250		1,219,317
	Tokyo Rakutenchi Co. Ltd.		16,000		445,240
#	Tokyo Theatres Co., Inc.		47,099		352,577

The Japanese Small Company Series

CONTINUED

		Shares		Value»
REAL ESTATE — (Continued)
	Tosei Corp.		187,900	$	2,423,865
	Urbanet Corp. Co. Ltd.		92,700		244,861
TOTAL REAL ESTATE					43,733,236
UTILITIES — (1.7%)
#	Chugoku Electric Power Co., Inc.		452,000		2,776,318
	EF-ON, Inc.		80,520		269,531
#	eRex Co. Ltd.		179,300		918,012
	Hiroshima Gas Co. Ltd.		322,200		838,497
	Hokkaido Electric Power Co., Inc.		1,017,900		4,427,590
	Hokkaido Gas Co. Ltd.		92,600		1,469,503
*	Hokuriku Electric Power Co.		1,034,100		5,569,187
#	Hokuriku Gas Co. Ltd.		10,100		259,931
	K&O Energy Group, Inc.		89,200		1,560,432
#	Kasumigaseki Capital Co. Ltd.		5,100		213,985
	Nippon Gas Co. Ltd.		676,700		10,015,381
	Okinawa Electric Power Co., Inc.		268,716		2,017,237
# *	RENOVA, Inc.		203,800		1,537,635
	Saibu Gas Holdings Co. Ltd.		158,200		2,040,797
	Shikoku Electric Power Co., Inc.		756,900		5,175,054
	Shizuoka Gas Co. Ltd.		315,000		2,146,377
	Toell Co. Ltd.		57,500		292,386
	Toho Gas Co. Ltd.		209,200		3,643,223
#	West Holdings Corp.		131,303		2,818,937
TOTAL UTILITIES					47,990,013
TOTAL COMMON STOCKS Cost ($2,742,827,511)					2,858,692,025

			Value†
SECURITIES LENDING COLLATERAL — (1.5%)
@ §	The DFA Short Term Investment Fund	3,822,974		44,224,165
TOTAL INVESTMENTS — (100.0%)
(Cost $2,787,048,545)^^			$	2,902,916,190

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.
††	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, 2023, 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		—	$	61,678,073		—	$	61,678,073
Consumer Discretionary		—		419,290,341		—		419,290,341
Consumer Staples		—		236,673,704		—		236,673,704
Energy		—		22,959,462		—		22,959,462
Financials		—		278,881,154		—		278,881,154

The Japanese Small Company Series

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Health Care		—	$	140,670,497		—	$	140,670,497
Industrials		—		833,312,121		—		833,312,121
Information Technology		—		406,152,955		—		406,152,955
Materials		—		367,350,469		—		367,350,469
Real Estate		—		43,733,236		—		43,733,236
Utilities		—		47,990,013		—		47,990,013
Securities Lending Collateral		—		44,224,165		—		44,224,165
TOTAL		—	$	2,902,916,190		—	$	2,902,916,190

The Asia Pacific Small Company Series

SCHEDULE OF INVESTMENTS

September 30, 2023

(Unaudited)

		Shares		Value»
COMMON STOCKS — (99.1%)
AUSTRALIA — (64.9%)
#	29Metals Ltd.		199,119	$	88,056
*	3P Learning Ltd.		93,233		76,032
# *	4DMedical Ltd.		44,717		12,858
	A2B Australia Ltd.		511,111		537,119
	Accent Group Ltd.		2,663,037		3,336,762
* ††	ACN Ltd.		1,687		0
#	Acrow Formwork & Construction Services Ltd.		418,199		230,801
*	Actinogen Medical Ltd.		90,520		1,152
#	Adairs Ltd.		944,563		848,116
*	Adbri Ltd.		2,323,028		3,016,713
*	Aeris Resources Ltd.		37,920		4,340
*	Ainsworth Game Technology Ltd.		557,129		361,577
# *	Alcidion Group Ltd.		643,486		45,433
*	Alkane Resources Ltd.		2,919,548		1,132,643
*	Alliance Aviation Services Ltd.		423,816		885,747
# *	Alligator Energy Ltd.		8,107,416		278,387
# *	Altech Batteries Ltd.		174,277		7,754
	Altium Ltd.		120,732		3,333,160
*	Alumina Ltd.		8,476,596		5,155,960
# *	AMA Group Ltd.		10,669,904		286,867
	AMP Ltd.		14,741,242		11,831,637
	Ansell Ltd.		674,263		9,560,286
*	Antipa Minerals Ltd.		3,268,084		27,127
# *	Appen Ltd.		1,110,912		878,571
# *	Arafura Rare Earths Ltd.		12,849,447		2,133,488
#	ARB Corp. Ltd.		498,463		9,958,702
# *	Archer Materials Ltd.		514,440		156,609
*	Ardea Resources Ltd.		232,320		89,422
# *	Ardent Leisure Group Ltd.		2,365,844		711,402
# *	Argosy Minerals Ltd.		2,371,384		294,347
#	ARN Media Ltd.		1,631,677		869,645
# *	Aroa Biosurgery Ltd.		265,147		133,499
	AUB Group Ltd.		670,237		12,504,337
# *	Audinate Group Ltd.		227,366		1,971,636
# *	Aura Energy Ltd.		259,286		56,116
# *	Aurelia Metals Ltd.		13,461,427		763,183
	Aurelia Metals Ltd.		26,582		1,521
*	Ausgold Ltd.		476,043		9,763
*	Aussie Broadband Ltd.		693,912		1,825,031
	Austal Ltd.		2,013,771		2,430,099
#	Austin Engineering Ltd.		845,694		143,641
*	Australian Agricultural Co. Ltd.		2,179,776		1,803,527
#	Australian Clinical Labs Ltd.		744,676		1,362,075
	Australian Ethical Investment Ltd.		350,766		972,591
#	Australian Finance Group Ltd.		1,734,974		1,621,424
# *	Australian Strategic Materials Ltd.		508,382		475,054
# *	Australian Vanadium Ltd.		16,823,179		312,585
#	Australian Vintage Ltd.		2,444,948		596,107
	Auswide Bank Ltd.		192,735		648,401
#	AVJennings Ltd.		5,407,981		1,378,401
# * ††	AVZ Minerals Ltd.		263,719		27,651
# *	Azure Minerals Ltd.		24,167		41,700

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
#	Baby Bunting Group Ltd.		790,916	$	1,072,457
	Bank of Queensland Ltd.		3,124,152		11,465,795
# *	Bannerman Energy Ltd.		95,393		171,037
	Bapcor Ltd.		2,073,519		9,020,928
	Base Resources Ltd.		2,267,930		247,161
*	BCI Minerals Ltd.		2,716,101		460,865
	Beach Energy Ltd.		9,020,415		9,414,080
#	Beacon Lighting Group Ltd.		467,032		554,107
	Beacon Minerals Ltd.		2,446,902		39,174
	Bega Cheese Ltd.		1,682,647		2,713,088
#	Bell Financial Group Ltd.		734,391		459,629
*	Bellevue Gold Ltd.		8,913,060		7,842,311
	Bendigo & Adelaide Bank Ltd.		52,439		299,123
*	Berkeley Energia Ltd.		37,692		9,173
# *	Betmakers Technology Group Ltd.		2,293,199		135,493
# *	Bigtincan Holdings Ltd.		1,377,352		321,515
*	Black Cat Syndicate Ltd.		80,356		10,799
# *	Black Rock Mining Ltd.		2,703,893		146,495
*	Boral Ltd.		1,756,335		4,997,475
*	Boss Energy Ltd.		1,911,032		5,915,188
*	Botanix Pharmaceuticals Ltd.		220,516		16,993
#	Bravura Solutions Ltd.		3,062,177		1,458,371
#	Breville Group Ltd.		619,188		8,697,148
	Brickworks Ltd.		389,897		6,229,665
# *	Bubs Australia Ltd.		968,640		102,462
# * ††	BWX Ltd.		744,883		71,838
*	Byron Energy Ltd.		275,427		15,231
# *	Calidus Resources Ltd.		1,056,671		104,923
	Calima Energy Ltd.		1,950,890		112,394
#	Capitol Health Ltd.		5,647,083		761,127
	Capral Ltd.		63,860		368,986
*	Capricorn Metals Ltd.		2,234,300		5,842,053
# *	Carnarvon Energy Ltd.		9,695,227		995,024
#	Cash Converters International Ltd.		2,674,589		353,684
# *	Catapult Group International Ltd.		510,098		350,422
* ††	CDS Technologies Ltd.		13,276		0
	Cedar Woods Properties Ltd.		430,304		1,258,867
*	Centaurus Metals Ltd.		18,553		8,024
*	Central Petroleum Ltd.		627,414		20,992
*,* ††	Centrebet International Ltd.		162,672		0
*	Cettire Ltd.		14,046		25,781
	Challenger Ltd.		1,269,469		5,202,926
#	Champion Iron Ltd.		1,787,152		7,131,481
# *	City Chic Collective Ltd.		1,254,668		304,586
*	Clean Seas Seafood Ltd.		247,494		74,752
	ClearView Wealth Ltd.		156,351		50,436
#	Clinuvel Pharmaceuticals Ltd.		235,480		2,222,130
	Clover Corp. Ltd.		788,775		531,557
# *	Cobalt Blue Holdings Ltd.		650,479		106,559
	Cobram Estate Olives Ltd.		13,289		11,534
	Codan Ltd.		597,321		3,021,487
#	COG Financial Services Ltd.		11,183		9,986
# *	Cogstate Ltd.		285,806		279,993
	Collins Foods Ltd.		695,512		4,253,119
*	Comet Ridge Ltd.		2,030,633		213,857
*	Cooper Energy Ltd.		17,091,732		1,314,399

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
# *	Core Lithium Ltd.		2,708,158	$	697,865
Ω	Coronado Global Resources, Inc.		176,844		219,481
	Corporate Travel Management Ltd.		718,327		7,723,801
	Costa Group Holdings Ltd.		2,778,963		5,574,401
#	Credit Corp. Group Ltd.		454,522		5,617,134
	CSR Ltd.		3,090,560		11,137,834
	Dalrymple Bay Infrastructure Ltd.		21,824		39,253
*	Danakali Ltd.		949,453		183,135
	Data#3 Ltd.		1,162,707		5,270,528
*	De Grey Mining Ltd.		7,787,653		5,582,884
# *	Deep Yellow Ltd.		1,950,519		1,629,671
# *	Delta Lithium Ltd.		51,170		24,569
	Deterra Royalties Ltd.		44,338		135,523
*	Develop Global Ltd.		27,549		60,799
#	Dicker Data Ltd.		425,082		2,634,366
	Domain Holdings Australia Ltd.		1,646,019		4,194,624
	Domino's Pizza Enterprises Ltd.		244,515		8,302,730
	Downer EDI Ltd.		4,158,787		10,961,406
# *	Dreadnought Resources Ltd.		5,829,110		175,316
#	Dropsuite Ltd.		52,173		8,216
#	Duratec Ltd.		112,544		93,257
#	Eagers Automotive Ltd.		890,797		7,925,764
*	Earlypay Ltd.		440,857		72,138
# *	Ecograf Ltd.		1,581,731		111,777
	Elanor Investor Group		444,530		437,411
	Elders Ltd.		972,984		3,598,865
# *	Electro Optic Systems Holdings Ltd.		80,313		50,383
*	Element 25 Ltd.		32,362		8,413
# *	Elevate Uranium Ltd.		172,343		60,236
# *	Elixir Energy Ltd.		2,250,692		95,373
#	Emeco Holdings Ltd.		1,996,391		804,672
# *	Emerald Resources NL		1,222,001		2,113,703
# *	EML Payments Ltd.		2,033,380		1,530,967
*	Energy Transition Minerals Ltd.		1,881,748		49,457
	Enero Group Ltd.		285,776		293,302
# *	EnviroSuite Ltd.		1,131,191		43,495
#	EQT Holdings Ltd.		177,970		3,192,604
	Estia Health Ltd.		1,674,576		3,278,174
	Eureka Group Holdings Ltd.		36,583		10,569
# *	European Lithium Ltd.		3,882,196		189,898
	Euroz Hartleys Group Ltd.		329,402		203,233
	EVT Ltd.		654,550		4,600,431
*	Experience Co. Ltd.		102,579		14,427
	Fenix Resources Ltd.		819,300		118,446
*	Finbar Group Ltd.		337,695		143,150
# * ††	Firefinch Ltd.		1,569,275		37,836
*	FleetPartners Group Ltd.		2,143,600		3,759,183
	Fleetwood Ltd.		600,245		727,806
#	Flight Centre Travel Group Ltd.		1,018,818		12,613,183
# *	Frontier Digital Ventures Ltd.		1,085,135		257,043
	G8 Education Ltd.		4,548,690		3,102,754
# *	Galan Lithium Ltd.		1,727,819		722,660
*	Genesis Minerals Ltd.		550,668		488,425
# *	Genetic Signatures Ltd.		171,373		56,073
# *	Genex Power Ltd.		1,098,842		109,280
	Gold Road Resources Ltd.		7,716,969		7,927,695

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	GR Engineering Services Ltd.		314,754	$	442,043
	GrainCorp Ltd., Class A		1,387,202		6,268,463
	Grange Resources Ltd.		3,211,827		974,511
	GTN Ltd.		15,394		3,667
	GUD Holdings Ltd.		1,037,535		7,802,833
	GWA Group Ltd.		1,322,024		1,562,388
	Hansen Technologies Ltd.		1,189,389		4,033,199
#	Harvey Norman Holdings Ltd.		2,810,761		6,964,337
# *	Hastings Technology Metals Ltd.		50,199		23,309
	Healius Ltd.		3,404,889		5,017,712
	Healthia Ltd.		131,677		148,578
	Helia Group Ltd.		2,484,921		5,565,843
*	Helios Energy Ltd.		817,342		27,259
#	Helloworld Travel Ltd.		51,370		87,587
# *	Highfield Resources Ltd.		535,052		138,836
*	Hillgrove Resources Ltd.		862,845		33,146
	Horizon Oil Ltd.		2,497,765		287,506
*	Hot Chili Ltd.		169,686		129,991
	HUB24 Ltd.		481,265		10,010,943
#	Humm Group Ltd.		2,513,616		712,126
	Iluka Resources Ltd.		1,226,401		5,989,420
*	Image Resources NL		946,902		42,051
	Imdex Ltd.		3,368,549		3,354,053
# *	Immutep Ltd.		3,059,682		550,476
# *	Immutep Ltd., Sponsored ADR		7,245		13,766
# *	ImpediMed Ltd.		417,437		46,753
# *	Imugene Ltd.		3,509,169		103,150
	Infomedia Ltd.		3,041,237		3,084,079
	Inghams Group Ltd.		2,737,415		5,818,786
	Insignia Financial Ltd.		3,410,793		5,261,080
	Integral Diagnostics Ltd.		1,376,671		2,542,592
*	Integrated Research Ltd.		517,907		109,842
# *	Investigator Resources Ltd.		686,170		16,955
#	InvoCare Ltd.		908,018		7,331,287
# *	ioneer Ltd.		9,221,486		1,324,700
# *	Ionic Rare Earths Ltd.		1,535,687		22,659
	IPD Group Ltd.		51,659		164,029
	IPH Ltd.		1,586,618		7,512,925
	IRESS Ltd.		1,130,841		4,206,339
	IVE Group Ltd.		749,277		929,229
#	JB Hi-Fi Ltd.		198,235		5,757,841
# *	Jervois Global Ltd.		309,405		6,929
#	Johns Lyng Group Ltd.		1,174,982		4,905,320
	Jumbo Interactive Ltd.		208,843		2,078,755
#	Jupiter Mines Ltd.		5,869,315		732,927
*	Karoon Energy Ltd.		4,164,773		6,977,413
	Kelly Partners Group Holdings Ltd.		3,572		9,672
	Kelsian Group Ltd.		929,297		3,392,355
*	KGL Resources Ltd.		211,338		16,914
# *	Kogan.com Ltd.		468,030		1,576,610
*	Lake Resources NL		605,095		69,412
# *	Lark Distilling Co. Ltd.		53,414		50,458
* ††	Lednium Technology Pty. Ltd.		195,019		0
	Lendlease Corp. Ltd.		129,540		594,072
*	Leo Lithium Ltd.		726,998		236,049
# *	Lepidico Ltd.		2,895,993		19,633

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	Liberty Financial Group Ltd.		4,470	$	10,235
#	Lifestyle Communities Ltd.		634,552		6,551,138
#	Lindsay Australia Ltd.		276,888		197,808
	Link Administration Holdings Ltd.		2,978,839		2,626,298
*	Li-S Energy Ltd.		3,944		533
	Lovisa Holdings Ltd.		380,345		4,694,408
*	Lucapa Diamond Co. Ltd.		2,713,021		62,972
	Lycopodium Ltd.		67,891		401,950
#	MA Financial Group Ltd.		505,424		1,540,471
#	Maas Group Holdings Ltd.		87,097		185,088
# *	Mach7 Technologies Ltd.		42,643		21,764
	Macmahon Holdings Ltd.		5,977,758		650,822
*	Macquarie Technology Group Ltd.		28,125		1,145,819
#	Mader Group Ltd.		97,209		398,094
	Magellan Financial Group Ltd.		746,955		4,395,349
††	Mallee Resources Ltd.		49,485		10,181
	MaxiPARTS Ltd.		88,469		159,857
#	Mayne Pharma Group Ltd.		408,007		849,321
	McMillan Shakespeare Ltd.		584,926		6,044,254
#	McPherson's Ltd.		653,702		179,835
# *	Medical Developments International Ltd.		167,262		91,531
# *	Megaport Ltd.		144,963		1,088,663
*	Melbana Energy Ltd.		530,743		23,147
# *	Mesoblast Ltd.		2,543,526		625,151
# *	Metals X Ltd.		2,987,127		570,362
	Metcash Ltd.		4,228,121		10,236,101
#	Michael Hill International Ltd.		1,522,713		865,776
# *	Micro-X Ltd.		261,656		21,043
*	MMA Offshore Ltd.		1,681,936		1,497,329
	Monadelphous Group Ltd.		640,434		5,776,236
	Monash IVF Group Ltd.		2,250,892		1,819,018
*	MoneyMe Ltd.		73,889		3,069
* ††	Morning Star Gold NL		332,749		0
#	MotorCycle Holdings Ltd.		109,445		147,612
# *	Mount Gibson Iron Ltd.		3,618,171		1,017,122
	Myer Holdings Ltd.		4,810,086		1,758,428
	MyState Ltd.		712,054		1,412,982
*	Nanosonics Ltd.		1,586,175		4,272,752
	Navigator Global Investments Ltd.		1,074,364		923,986
# *	Neometals Ltd.		1,640,466		387,982
	Netwealth Group Ltd.		750,336		7,235,899
	New Hope Corp. Ltd.		3,051,610		12,381,636
*	New World Resources Ltd.		3,583,331		68,661
	NextEd Group Ltd.		47,565		28,241
	nib holdings Ltd.		2,797,940		13,316,781
#	Nick Scali Ltd.		400,291		2,839,456
	Nickel Industries Ltd.		9,555,314		4,556,485
	Nine Entertainment Co. Holdings Ltd.		8,062,469		10,555,683
# *	Novonix Ltd.		1,161,893		610,646
	NRW Holdings Ltd.		3,217,572		5,570,656
	Nufarm Ltd.		2,223,331		6,735,772
*	Nuix Ltd.		216,105		196,478
	Objective Corp. Ltd.		99,474		682,693
*	OFX Group Ltd.		1,905,481		2,121,133
#	OM Holdings Ltd.		676,887		200,155
# *	Omni Bridgeway Ltd.		2,268,576		2,607,041

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	oOh!media Ltd.		2,618,980	$	2,372,065
*	Opthea Ltd.		1,065,718		225,472
*	Ora Banda Mining Ltd.		397,091		27,940
# *	OreCorp Ltd.		192,088		60,352
	Orora Ltd.		8,392,500		14,764,214
#	Pacific Current Group Ltd.		333,540		2,159,867
#	Pacific Smiles Group Ltd.		272,678		244,762
*	Pact Group Holdings Ltd.		1,190,150		529,782
*	Paladin Energy Ltd.		16,031,454		11,198,077
# *	Panoramic Resources Ltd.		9,668,737		230,098
	Panoramic Resources Ltd.		1,620,500		38,550
# *	Pantoro Ltd.		9,770,781		231,138
*	Paradigm Biopharmaceuticals Ltd.		47,760		18,847
	Paragon Care Ltd.		335,469		36,614
# *	Peak Rare Earths Ltd.		22,422		5,389
	Peak Rare Earths Ltd.		5,920		1,427
	Peet Ltd.		1,364,417		1,060,063
# *	Peninsula Energy Ltd.		3,729,388		345,261
#	PeopleIN Ltd.		457,640		523,972
	Pepper Money Ltd.		217,431		180,591
*	Perenti Ltd.		4,460,743		3,084,020
#	Perpetual Ltd.		649,541		8,698,359
	Perseus Mining Ltd.		8,212,725		8,575,233
#	Peter Warren Automotive Holdings Ltd.		341,518		547,056
*	PEXA Group Ltd.		693,527		5,053,223
#	Pinnacle Investment Management Group Ltd.		823,350		4,731,624
	Platinum Asset Management Ltd.		2,718,839		2,259,752
#	PointsBet Holdings Ltd.		616,994		309,726
*	Poseidon Nickel Ltd.		13,403,271		163,037
*	PPK Mining Equipment Group Pty Ltd.		22,761		0
# *	Praemium Ltd.		2,916,041		1,112,929
# *	Predictive Discovery Ltd.		1,997,557		243,538
	Premier Investments Ltd.		353,869		5,644,335
# *	Prescient Therapeutics Ltd.		430,367		15,513
	Probiotec Ltd.		109,937		186,628
	Propel Funeral Partners Ltd.		224,667		620,920
# * ††	Province Resources Ltd.		889,179		17,723
	PSC Insurance Group Ltd.		377,784		1,179,377
	PWR Holdings Ltd.		605,351		4,266,223
	QANTM Intellectual Property Ltd.		112,211		68,001
	Qube Holdings Ltd.		550,386		1,010,935
#	Ramelius Resources Ltd.		5,885,908		5,360,615
*	ReadyTech Holdings Ltd.		260,516		620,086
*	Red 5 Ltd.		19,486,525		3,279,968
††	Red River Resources Ltd.		480,964		4,237
# *	Redbubble Ltd.		1,256,028		372,451
	Regal Partners Ltd.		32,643		49,169
#	Regis Healthcare Ltd.		885,181		1,535,212
*	Regis Resources Ltd.		4,390,791		4,143,308
*	Reject Shop Ltd.		181,592		664,073
	Reliance Worldwide Corp. Ltd.		4,564,208		11,342,619
#	Resimac Group Ltd.		124,613		73,522
# *	Resolute Mining Ltd.		12,455,465		2,735,607
# *	Retail Food Group Ltd.		13,948,578		456,295
*	Rex Minerals Ltd.		1,272,336		138,368
	Ridley Corp. Ltd.		1,920,833		2,833,247

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
*	RPMGlobal Holdings Ltd.		1,205,228	$	1,159,056
* ††	Salmat Ltd.		667,137		0
*	Sandfire Resources Ltd.		3,183,312		12,402,682
*	SciDev Ltd.		144,186		27,829
#	Select Harvests Ltd.		777,107		2,001,622
#	Servcorp Ltd.		348,243		691,390
#	Service Stream Ltd.		3,527,435		2,102,986
*	Seven West Media Ltd.		5,521,209		1,115,427
	SG Fleet Group Ltd.		550,020		868,028
	Shaver Shop Group Ltd.		677,094		453,879
*	Sheffield Resources Ltd.		249,376		75,355
	Shine Justice Ltd.		59,739		26,268
	Shriro Holdings Ltd.		24,206		12,763
# *	Sierra Rutile Holdings Ltd.		1,232,661		150,156
	Sigma Healthcare Ltd.		7,218,621		3,197,438
*	Silver Lake Resources Ltd.		5,993,441		3,209,277
# *	Silver Mines Ltd.		4,201,505		453,239
	Sims Ltd.		1,014,834		8,729,668
	SmartGroup Corp. Ltd.		871,563		4,621,459
#	Solvar Ltd.		1,186,024		792,650
	Southern Cross Electrical Engineering Ltd.		831,537		431,889
#	Southern Cross Media Group Ltd.		1,529,344		745,134
* ††	SpeedCast International Ltd.		1,497,915		0
	SRG Global Ltd.		1,295,383		545,134
# *	St Barbara Ltd.		4,854,887		542,436
*	Star Entertainment Group Ltd.		7,500,991		2,920,052
	Star Entertainment Group Ltd.		5,790,061		2,270,859
# *	Starpharma Holdings Ltd.		262,161		27,787
*	Strandline Resources Ltd.		2,383,310		175,809
# *	Strike Energy Ltd.		5,378,192		1,397,216
#	Sunland Group Ltd.		698,696		429,019
# *	Sunstone Metals Ltd.		7,520,468		81,861
	Super Retail Group Ltd.		1,095,251		8,369,361
*	Superloop Ltd.		2,478,839		1,058,518
	Symbio Holdings Ltd.		318,710		539,227
# *	Syrah Resources Ltd.		4,119,317		1,334,997
	Tabcorp Holdings Ltd.		13,625,302		8,210,279
	Technology One Ltd.		742,435		7,362,541
# *	Temple & Webster Group Ltd.		547,223		2,102,380
††	Ten Sixty Four Ltd.		1,044,721		288,832
#	Terracom Ltd.		2,670,468		759,685
	Tribune Resources Ltd.		14,725		30,746
*	Tuas Ltd.		135,168		184,858
*	Tyro Payments Ltd.		2,159,243		1,868,950
*	United Malt Group Ltd.		1,827,063		5,791,345
#	Universal Store Holdings Ltd.		19,109		42,312
	Ventia Services Group Pty. Ltd.		1,240,388		2,244,797
* ††	Virgin Australia Holdings Pty. Ltd.		7,648,897		0
Ω	Viva Energy Group Ltd.		4,143,674		7,941,844
# *	Viva Leisure Ltd.		84,215		86,116
# *	Volpara Health Technologies Ltd.		225,102		104,993
# *	Vulcan Energy Resources Ltd.		76,760		141,486
*	Wagners Holding Co. Ltd.		137,096		85,172
* ††	Walkabout Resources Ltd.		1,129,282		83,253
# *	Webjet Ltd.		2,337,197		10,074,783
*	West African Resources Ltd.		6,049,532		2,957,024

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
*	Westgold Resources Ltd.		2,965,566	$	3,191,660
# *	Widgie Nickel Ltd.		265,653		33,635
* ††	Wiluna Mining Corp. Ltd.		248,265		6,066
#	Xanadu Mines Ltd.		221,093		10,203
	XRF Scientific Ltd.		49,040		32,135
# *	Zip Co. Ltd.		2,318,238		400,248
TOTAL AUSTRALIA					811,165,289
CHINA — (0.1%)
*	AustAsia Group Ltd.		180,602		40,751
Ω	BOC Aviation Ltd.		1,700		11,844
*	Fountain SET Holdings Ltd.		2,152,000		110,106
*	Neo-Neon Holdings Ltd.		2,061,500		109,877
	SIIC Environment Holdings Ltd.		3,574,020		519,464
TOTAL CHINA					792,042
HONG KONG — (20.3%)
*	Aceso Life Science Group Ltd.		7,436,400		146,230
	Aeon Credit Service Asia Co. Ltd.		1,042,000		746,445
# *	Aidigong Maternal & Child Health Ltd.		3,680,000		138,183
	Allied Group Ltd.		10,310,000		2,022,559
	Analogue Holdings Ltd.		842,000		144,879
	APAC Resources Ltd.		4,519,815		611,030
# *	Apollo Future Mobility Group Ltd.		11,672,000		89,415
	Asia Financial Holdings Ltd.		1,626,908		674,161
*	Asia Standard International Group Ltd.		10,846,917		620,548
	ASMPT Ltd.		1,563,600		13,931,114
	Associated International Hotels Ltd.		952,000		898,409
	Bank of East Asia Ltd.		3,465,577		4,288,449
	Best Mart 360 Holdings Ltd.		984,000		249,617
*	Blue River Holdings Ltd.		220,000		8,430
*	BOCOM International Holdings Co. Ltd.		2,371,000		102,892
	Bright Smart Securities & Commodities Group Ltd.		862,000		163,196
* ††	Brightoil Petroleum Holdings Ltd.		9,034,000		0
	Build King Holdings Ltd.		630,000		93,809
* ††	Burwill Holdings Ltd.		37,300,960		0
	Cafe de Coral Holdings Ltd.		2,556,000		2,762,123
*	Central Wealth Group Holdings Ltd.		13,664,000		48,802
*	Century City International Holdings Ltd.		7,111,460		240,627
	Chen Hsong Holdings		1,296,000		252,787
	Cheuk Nang Holdings Ltd.		771,714		165,132
	Chevalier International Holdings Ltd.		820,989		638,917
	China Baoli Technologies Holdings Ltd.		11,475		920
*	China Best Group Holding Ltd.		1,574,997		38,597
*	China Energy Development Holdings Ltd.		49,560,000		544,600
	China Motor Bus Co. Ltd.		80,000		644,000
* ††	China Solar		1,669,500		0
# *	China Star Entertainment Ltd.		10,110,000		1,041,195
*	Chinese Estates Holdings Ltd.		2,823,000		564,763
	Chinney Investments Ltd.		1,180,000		161,175
	Chow Sang Sang Holdings International Ltd.		2,094,000		2,571,016
	Chuang's China Investments Ltd.		8,281,407		183,482
	Chuang's Consortium International Ltd.		7,519,043		460,323
	CITIC Telecom International Holdings Ltd.		11,430,125		4,519,669
	CK Life Sciences International Holdings, Inc.		17,214,000		1,534,452

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
*	CMBC Capital Holdings Ltd.		440,999	$	38,852
# *	C-Mer Eye Care Holdings Ltd.		2,616,000		1,268,586
	CN Logistics International Holdings Ltd.		33,000		26,589
	CNT Group Ltd.		7,979,264		322,907
	Convenience Retail Asia Ltd.		1,026,000		88,969
# ††	Convoy, Inc.		32,922,000		131,588
# *	Cowell e Holdings, Inc.		1,310,000		2,600,263
Ω	Crystal International Group Ltd.		378,500		119,204
# *	CSC Holdings Ltd.		83,051,250		317,285
	CSI Properties Ltd.		47,316,383		682,264
* ††	CW Group Holdings Ltd.		1,361,500		0
	Dah Sing Banking Group Ltd.		3,448,316		2,270,581
	Dah Sing Financial Holdings Ltd.		1,304,144		2,752,962
	Dickson Concepts International Ltd.		1,591,000		825,304
*	Digital Domain Holdings Ltd.		581,000		18,137
	Dynamic Holdings Ltd.		224,000		282,359
	Eagle Nice International Holdings Ltd.		2,022,000		1,135,221
#	EC Healthcare		1,918,097		742,938
* ††	EcoGreen International Group Ltd.		1,994,640		90,754
	Emperor International Holdings Ltd.		10,584,753		603,475
	Emperor Watch & Jewellery Ltd.		25,160,000		562,224
*	ENM Holdings Ltd.		12,820,000		523,852
*	Esprit Holdings Ltd.		10,602,825		431,969
*	Eternity Investment Ltd.		820,000		6,831
	EuroEyes International Eye Clinic Ltd., Class C		331,000		198,461
	Fairwood Holdings Ltd.		792,100		1,039,454
	Far East Consortium International Ltd.		12,788,629		2,625,644
	First Pacific Co. Ltd.		13,324,000		5,262,512
* Ω	FIT Hon Teng Ltd.		3,798,000		492,476
* Ω	Fosun Tourism Group		272,800		257,774
	Four Seas Mercantile Holdings Ltd.		610,000		205,314
* Ω	Frontage Holdings Corp.		2,860,000		726,247
	FSE Lifestyle Services Ltd.		670,000		491,166
††	Genting Hk		5,824,000		57,861
	Get Nice Financial Group Ltd.		2,438,600		208,439
	Giordano International Ltd.		8,060,000		2,559,173
	Glorious Sun Enterprises Ltd.		3,932,000		421,488
# *	Gold Fin Holdings		9,580,000		0
*	Gold Peak Technology Group Ltd., Class L		3,029,642		191,622
	Golden Resources Development International Ltd.		4,082,500		327,519
* ††	Good Resources Holdings, Ltd.		6,860,000		0
*	GR Life Style Co. Ltd.		2,224,000		216,233
	Great Eagle Holdings Ltd.		1,200,472		2,030,796
*	Greentech Technology International Ltd.		2,594,000		146,927
	G-Resources Group Ltd.		2,582,810		580,804
	Guoco Group Ltd.		2,000		14,854
	Guotai Junan International Holdings Ltd.		19,271,797		1,493,772
# *	Haitong International Securities Group Ltd.		12,514,640		1,134,651
	Hang Lung Group Ltd.		3,262,000		4,590,767
	Hanison Construction Holdings Ltd.		2,713,649		332,751
*	Harbour Centre Development Ltd.		935,500		855,959
	HK Electric Investments & HK Electric Investments Ltd.		883,500		506,022
	HKBN Ltd.		4,348,500		1,768,476
	HKR International Ltd.		7,039,769		1,489,401
	Hon Kwok Land Investment Co. Ltd.		388,800		85,568
# *	Hong Kong ChaoShang Group Ltd.		1,320,000		134,538

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Hong Kong Ferry Holdings Co. Ltd.		1,007,300	$	594,216
# *	Hong Kong Technology Venture Co. Ltd.		2,221,000		854,833
*	Hongkong & Shanghai Hotels Ltd.		3,607,989		2,894,079
	Hongkong Chinese Ltd.		5,038,000		266,213
Ω	Honma Golf Ltd.		1,097,500		449,636
# * ††	Hsin Chong Group Holdings Ltd.		10,243,403		0
	Hung Hing Printing Group Ltd.		2,940,000		405,332
	Hutchison Telecommunications Hong Kong Holdings Ltd.		9,994,000		1,362,993
	Hysan Development Co. Ltd.		3,175,000		6,146,536
*	IGG, Inc.		5,557,000		2,283,349
*	Imagi International Holdings Ltd.		28,984		9,329
Ω	Impro Precision Industries Ltd.		386,000		130,533
	International Housewares Retail Co. Ltd.		1,970,000		575,836
*	IPE Group Ltd.		3,145,000		212,949
*	IRC Ltd.		32,250,266		373,642
*	ITC Properties Group Ltd.		5,543,292		524,641
	Jacobson Pharma Corp. Ltd.		3,580,000		310,005
	JBM Healthcare Ltd.		911,096		133,864
	Johnson Electric Holdings Ltd.		2,049,554		2,512,655
	K Wah International Holdings Ltd.		1,794,000		503,280
*	Kader Holdings Co. Ltd.		14,000		724
	Karrie International Holdings Ltd.		2,932,000		210,143
	Keck Seng Investments Hong Kong Ltd.		856,600		222,742
	Kerry Logistics Network Ltd.		3,839,000		3,426,242
	Kerry Properties Ltd.		3,047,500		5,168,280
	Kingmaker Footwear Holdings Ltd.		1,878,955		217,451
	Kowloon Development Co. Ltd.		3,000,000		2,615,616
	KRP Development Holdings Ltd.		733,000		85,929
*	KuangChi Science Ltd.		3,714,000		65,874
*	Kwoon Chung Bus Holdings Ltd.		44,000		9,556
*	Lai Sun Development Co. Ltd.		2,556,894		327,866
*	Lai Sun Garment International Ltd.		1,497,442		215,663
	Lam Soon Hong Kong Ltd.		326,310		343,614
	Langham Hospitality Investments & Langham Hospitality Investments Ltd.		4,040,750		392,025
	Lippo China Resources Ltd.		856,200		131,613
*	Lippo Ltd.		1,161,700		182,839
	Liu Chong Hing Investment Ltd.		1,531,200		1,064,591
	L'Occitane International SA		1,665,500		4,967,262
	Luk Fook Holdings International Ltd.		3,399,000		8,792,474
	Lung Kee Bermuda Holdings		1,491,875		297,029
*	Magnificent Hotel Investment Ltd.		13,170,000		161,003
	Man Wah Holdings Ltd.		5,559,600		3,885,830
*	Mason Group Holdings Ltd.		111,713,399		456,714
* ††	Master Glory GP		972,981		0
	Matrix Holdings Ltd.		1,067,414		354,256
#	MECOM Power & Construction Ltd.		9,701,999		556,115
	Melbourne Enterprises Ltd.		39,500		594,217
# * ††	MH Development NPV		3,238,000		0
*	Midland Holdings Ltd.		2,901,987		224,783
	Miramar Hotel & Investment		1,160,000		1,548,056
	Modern Dental Group Ltd.		2,158,000		880,304
*	Mongolian Mining Corp.		1,125,000		637,156
*	NagaCorp Ltd.		5,277,359		2,537,550
	Nameson Holdings Ltd.		7,692,000		427,145
	Nanyang Holdings Ltd.		133,500		412,651
	National Electronics Holdings		2,668,600		269,625

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
* ††	National United Resources Holdings Ltd.		1,828,000	$	20,357
*	NEW Concepts Holdings Ltd.		488,000		44,183
*	New Times Energy Corp. Ltd.		994,000		11,403
	New World Development Co. Ltd.		570,000		1,105,170
* ††	NewOcean Energy Holdings Ltd.		7,246,000		6,477
	Nissin Foods Co. Ltd.		1,561,000		1,193,873
	NWS Holdings Ltd.		6,279,000		7,137,036
	Oriental Watch Holdings		2,679,611		1,322,299
# *	Oshidori International Holdings Ltd.		20,024,400		589,554
* ††	Pacific Andes International Holdings Ltd.		19,435,067		0
	Pacific Basin Shipping Ltd.		27,482,000		7,895,786
*	Pacific Century Premium Developments Ltd.		457,240		16,309
	Pacific Textiles Holdings Ltd.		4,996,000		1,030,311
*	Paliburg Holdings Ltd.		3,180,830		413,301
*	Paradise Entertainment Ltd.		456,000		71,469
	PC Partner Group Ltd.		1,108,000		435,801
	PCCW Ltd.		17,843,545		8,125,748
# * ††	Peace Mark Holdings Ltd.		2,479,870		0
	Pentamaster International Ltd.		1,550,000		193,455
	Perfect Medical Health Management Ltd.		2,611,000		1,252,157
	Pico Far East Holdings Ltd.		5,010,000		926,373
	Playmates Holdings Ltd.		7,082,000		532,612
	Plover Bay Technologies Ltd.		2,224,000		645,543
	Pokfulam Development Co. Ltd.		62,000		54,056
*	PT International Development Co. Ltd.		12,343,725		103,047
	Public Financial Holdings Ltd.		2,848,000		668,058
* ††	Pyxis Group Ltd.		1,936,000		0
# *	Realord Group Holdings Ltd.		290,000		206,235
*	Regal Hotels International Holdings Ltd.		2,897,800		1,016,725
# Ω	Regina Miracle International Holdings Ltd.		1,983,000		641,678
*	Sa Sa International Holdings Ltd.		326,000		42,690
	Safety Godown Co. Ltd.		1,200,000		313,411
* Ω	Samsonite International SA		3,203,700		10,955,776
	SAS Dragon Holdings Ltd.		2,168,000		939,494
#	SEA Holdings Ltd.		1,657,523		334,760
*	Shangri-La Asia Ltd.		4,404,000		3,009,717
*	Shun Ho Property Investments Ltd.		1,172,757		155,050
*	Shun Tak Holdings Ltd.		8,723,419		1,263,178
	Singamas Container Holdings Ltd.		8,556,000		600,479
	SITC International Holdings Co. Ltd.		1,499,000		2,515,033
# *	SJM Holdings Ltd.		12,700,750		4,977,878
	SmarTone Telecommunications Holdings Ltd.		1,769,981		894,846
# *	Solomon Systech International Ltd.		8,926,000		351,604
	Soundwill Holdings Ltd.		600,500		451,791
*	South China Holdings Co. Ltd.		17,774,503		88,371
	Stella International Holdings Ltd.		2,667,000		2,675,148
	Sun Hung Kai & Co. Ltd.		4,836,429		1,656,532
*	Suncorp Technologies Ltd.		210,000		6,916
	SUNeVision Holdings Ltd.		2,891,000		1,191,637
	TAI Cheung Holdings Ltd.		2,329,000		986,005
	Tai Hing Group Holdings Ltd.		221,000		25,877
	Tai Sang Land Development Ltd.		798,910		304,527
#	Tan Chong International Ltd.		1,176,000		237,293
	Tao Heung Holdings Ltd.		1,396,000		135,602
# *	Television Broadcasts Ltd.		1,596,400		648,212
	Texhong International Group Ltd.		405,500		224,233

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Texwinca Holdings Ltd.		4,072,000	$	559,287
*	Theme International Holdings Ltd.		6,020,000		498,658
	Tian Teck Land Ltd.		1,024,000		356,167
*	TOM Group Ltd.		416,000		34,445
*	Tongda Group Holdings Ltd.		640,000		6,108
	Town Health International Medical Group Ltd.		6,486,115		264,090
	Tradelink Electronic Commerce Ltd.		6,126,000		689,156
	Transport International Holdings Ltd.		1,662,531		2,088,531
	United Laboratories International Holdings Ltd.		5,366,000		5,422,841
*	Universal Technologies Holdings Ltd.		1,730,000		16,913
* ††	Up Energy Development Group Ltd.		3,929,000		0
*	Value Convergence Holdings Ltd.		2,448,000		53,219
	Value Partners Group Ltd.		4,918,000		1,544,803
	Vedan International Holdings Ltd.		3,576,000		205,332
*	Vesync Co. Ltd.		18,000		8,467
	Vitasoy International Holdings Ltd.		3,597,000		4,347,968
* Ω	VPower Group International Holdings Ltd., Class H		2,510,397		211,332
	VSTECS Holdings Ltd.		5,087,600		2,852,459
	VTech Holdings Ltd.		1,113,900		6,664,579
*	Wai Kee Holdings Ltd.		5,024,738		799,975
	Wang On Group Ltd.		41,740,000		244,973
# *	Wealthking Investments Ltd.		7,296,000		140,393
	Wing On Co. International Ltd.		759,000		1,198,964
	Wing Tai Properties Ltd.		2,187,331		849,412
*	YT Realty Group Ltd.		1,968,124		95,182
	YTO International Express & Supply Chain Technology Ltd.		810,000		133,721
	Yue Yuen Industrial Holdings Ltd.		3,152,500		3,608,483
*	Yunfeng Financial Group Ltd.		612,000		84,599
*	Zensun Enterprises Ltd.		1,154,000		25,750
*	Zhaobangji Properties Holdings Ltd.		2,104,000		58,559
TOTAL HONG KONG					253,528,030
NEW ZEALAND — (3.3%)
	AFT Pharmaceuticals Ltd.		34,226		70,603
	Air New Zealand Ltd.		3,591,815		1,572,083
	Arvida Group Ltd.		1,239,772		907,206
	Briscoe Group Ltd.		34,115		96,013
	Channel Infrastructure NZ Ltd.		895,413		826,054
#	Chorus Ltd.		1,406,557		6,392,433
#	Colonial Motor Co. Ltd.		118,117		617,077
	Comvita Ltd.		50,282		97,826
	Delegat Group Ltd.		6,400		31,440
# *	Eroad Ltd.		39,322		16,009
	Freightways Group Ltd.		830,172		4,059,908
	Genesis Energy Ltd.		37,373		54,608
# *	Gentrack Group Ltd.		71,302		204,305
	Hallenstein Glasson Holdings Ltd.		307,057		1,120,667
	Heartland Group Holdings Ltd.		2,583,570		2,754,254
#	Investore Property Ltd.		714,035		542,818
	KMD Brands Ltd.		2,417,158		1,261,744
#	Manawa Energy Ltd.		237,979		644,523
#	Millennium & Copthorne Hotels New Zealand Ltd.		354,679		392,191
#	Napier Port Holdings Ltd.		46,155		64,756
	NZME Ltd.		945,851		537,990
#	NZX Ltd.		1,581,781		1,003,325

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
NEW ZEALAND — (Continued)
	Oceania Healthcare Ltd.		1,662,460	$	707,292
# *	Pacific Edge Ltd.		1,413,438		102,459
#	PGG Wrightson Ltd.		124,704		276,550
	Rakon Ltd.		187,210		82,009
#	Restaurant Brands New Zealand Ltd.		145,379		374,210
* ††	RPNZ Ltd.		274,180		0
#	Sanford Ltd.		352,347		821,435
	Scales Corp. Ltd.		436,710		787,927
	Scott Technology Ltd.		53,845		104,224
*	Serko Ltd.		125,518		323,092
#	Skellerup Holdings Ltd.		792,482		2,207,059
	SKY Network Television Ltd.		394,754		586,677
#	SKYCITY Entertainment Group Ltd.		3,635,629		4,205,480
	Steel & Tube Holdings Ltd.		575,667		393,200
	Summerset Group Holdings Ltd.		670,713		4,096,934
*	Synlait Milk Ltd.		346,641		296,753
#	Tourism Holdings Ltd.		595,343		1,318,746
	TOWER Ltd.		1,895,126		704,235
#	Turners Automotive Group Ltd.		112,324		251,913
# *	Vista Group International Ltd.		536,214		462,207
	Warehouse Group Ltd.		396,236		410,781
TOTAL NEW ZEALAND					41,781,016
SINGAPORE — (10.5%)
* ††	Abterra Ltd.		230,320		0
	AEM Holdings Ltd.		798,000		1,999,295
#	Amara Holdings Ltd.		916,000		305,334
# *	Avarga Ltd.		2,626,500		361,888
	Aztech Global Ltd.		442,300		259,906
*	Banyan Tree Holdings Ltd.		927,000		264,325
* ††	Best World International Ltd.		505,883		620,677
#	Bonvests Holdings Ltd.		950,000		716,710
	Boustead Singapore Ltd.		2,032,082		1,261,572
	BRC Asia Ltd.		26,900		33,028
#	Bukit Sembawang Estates Ltd.		1,176,003		3,315,697
	Bund Center Investment Ltd.		659,825		217,998
#	Capitaland India Trust		4,904,121		3,758,903
	Centurion Corp. Ltd.		1,377,400		407,586
	China Aviation Oil Singapore Corp. Ltd.		2,167,699		1,394,163
#	China Sunsine Chemical Holdings Ltd.		3,215,400		962,705
	Chuan Hup Holdings Ltd.		3,341,700		476,174
	Civmec Ltd.		162,700		95,727
	ComfortDelGro Corp. Ltd.		9,307,100		8,843,120
# *	COSCO Shipping International Singapore Co. Ltd.		5,043,900		464,161
*	Creative Technology Ltd.		285,050		350,660
	CSE Global Ltd.		2,661,460		883,435
*	Dasin Retail Trust		296,700		14,738
	Del Monte Pacific Ltd.		2,336,864		276,588
	Delfi Ltd.		1,129,600		1,048,186
	DFI Retail Group Holdings Ltd.		49,700		131,983
* ††	DMX Technologies Group Ltd.		2,096,000		0
	Dyna-Mac Holdings Ltd.		1,390,900		409,916
# * ††	Ezion Holdings Ltd.		9,845,878		0
# * ††	Ezra Holdings Ltd.		6,762,986		0
#	Far East Orchard Ltd.		1,191,395		896,949

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
	First Resources Ltd.		2,387,200	$	2,665,009
#	First Sponsor Group Ltd.		484,727		434,412
	Food Empire Holdings Ltd.		1,334,200		1,081,245
	Fraser & Neave Ltd.		328,300		254,455
	Frasers Property Ltd.		13,400		8,180
	Frencken Group Ltd.		1,053,600		858,862
#	Fu Yu Corp. Ltd.		3,671,500		353,651
*	Gallant Venture Ltd.		5,386,600		518,138
#	Geo Energy Resources Ltd.		2,143,100		453,177
	Golden Agri-Resources Ltd.		30,687,500		5,944,687
	GP Industries Ltd.		181,509		81,851
	Grand Venture Technology Ltd.		34,200		14,379
	GuocoLand Ltd.		1,654,914		1,850,722
	Haw Par Corp. Ltd.		428,400		3,083,503
	Hiap Hoe Ltd.		498,000		237,131
#	Ho Bee Land Ltd.		1,438,100		1,911,067
	Hong Fok Corp. Ltd.		2,519,194		1,664,686
	Hong Leong Asia Ltd.		1,675,100		783,110
	Hong Leong Finance Ltd.		1,027,400		1,850,019
	Hotel Grand Central Ltd.		1,496,154		927,932
#	Hour Glass Ltd.		1,390,232		1,972,050
#	HRnetgroup Ltd.		343,300		184,743
	Hutchison Port Holdings Trust		22,563,000		3,875,624
# * ††	Hyflux Ltd.		3,238,900		0
	iFAST Corp. Ltd.		712,800		2,917,219
	Indofood Agri Resources Ltd.		2,701,700		592,145
	InnoTek Ltd.		336,600		100,753
#	ISDN Holdings Ltd.		555,296		147,909
#	Japfa Ltd.		2,442,110		382,765
# * ††	Jurong Technologies Industrial Corp. Ltd.		2,227,680		0
	Keppel Infrastructure Trust		19,392,287		6,588,256
#	KSH Holdings Ltd.		1,278,300		297,393
	Low Keng Huat Singapore Ltd.		949,800		259,187
#	Mandarin Oriental International Ltd.		1,452,700		2,472,397
# *	Marco Polo Marine Ltd.		7,193,300		277,524
	Metro Holdings Ltd.		2,946,592		1,195,823
	Mewah International, Inc.		89,000		17,586
	Micro-Mechanics Holdings Ltd.		131,000		181,945
# * ††	Midas Holdings Ltd.		8,576,553		0
# *	mm2 Asia Ltd.		5,969,400		174,868
#	Nanofilm Technologies International Ltd.		957,100		655,248
	Netlink NBN Trust		2,837,000		1,741,380
	NSL Ltd.		409,900		234,277
# *	Oceanus Group Ltd.		4,959,300		32,455
#	OUE Ltd.		1,933,600		1,470,365
#	Oxley Holdings Ltd.		6,837,741		535,275
	Pacific Century Regional Developments Ltd.		179,000		37,607
	Pan-United Corp. Ltd.		1,866,350		531,252
#	Propnex Ltd.		842,000		541,740
	PSC Corp. Ltd.		1,339,819		318,131
#	Q&M Dental Group Singapore Ltd.		1,136,160		219,999
#	QAF Ltd.		1,422,180		852,408
*	Raffles Education Ltd.		2,803,923		127,422
	Raffles Medical Group Ltd.		5,953,032		5,436,986
	Riverstone Holdings Ltd.		617,800		270,818
*	SATS Ltd.		3,426,867		6,504,146

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
#	SBS Transit Ltd.		741,200	$	1,424,635
	Sheng Siong Group Ltd.		3,718,500		4,132,380
	SHS Holdings Ltd.		1,657,000		179,284
	SIA Engineering Co. Ltd.		1,672,600		2,920,269
	Silverlake Axis Ltd.		973,300		188,513
	Sinarmas Land Ltd.		7,118,700		975,017
	Sing Holdings Ltd.		1,470,400		364,655
	Sing Investments & Finance Ltd.		526,012		381,210
	Singapore Land Group Ltd.		140,969		211,151
#	Singapore Post Ltd.		6,276,600		2,222,040
#	Singapore Shipping Corp. Ltd.		1,642,504		286,322
	Stamford Land Corp. Ltd.		5,219,418		1,451,132
	StarHub Ltd.		4,352,100		3,530,661
	Straco Corp. Ltd.		130,000		42,753
	Straits Trading Co. Ltd.		461,100		667,122
# * ††	Swiber Holdings Ltd.		2,894,600		0
* ††	Swiber Holdings Ltd.		2,895,250		0
	Thomson Medical Group Ltd.		3,395,200		141,523
	Tiong Woon Corp. Holding Ltd.		26,600		9,448
#	Tuan Sing Holdings Ltd.		4,314,132		913,946
	UMS Holdings Ltd.		2,436,968		2,310,517
	United Overseas Insurance Ltd.		168,150		757,412
	UOB-Kay Hian Holdings Ltd.		2,689,873		2,770,652
	Valuetronics Holdings Ltd.		2,605,350		999,423
	Venture Corp. Ltd.		468,300		4,228,410
#	Vicom Ltd.		557,500		603,083
#	Wee Hur Holdings Ltd.		2,614,200		343,076
	Wing Tai Holdings Ltd.		2,992,567		3,062,090
#	Yeo Hiap Seng Ltd.		228,759		108,233
TOTAL SINGAPORE					131,120,293
TOTAL COMMON STOCKS					1,238,386,670
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*	Antipa Minerals Ltd.		125,695		0
*	European Lithium Ltd. Warrants 03/31/25		323,975		1,562
*	Highfield Resources Ltd. Warrants 06/19/24		11,353		0
# *	PointsBet Holdings Ltd. Warrants 07/08/24		6,189		0
TOTAL AUSTRALIA					1,562
SINGAPORE — (0.0%)
*	Ezion Holdings Ltd.		4,459,201		0
TOTAL RIGHTS/WARRANTS					1,562
TOTAL INVESTMENT SECURITIES (Cost $1,516,074,175)					1,238,388,232

			Value†
SECURITIES LENDING COLLATERAL — (0.9%)
@ §	The DFA Short Term Investment Fund	947,438		10,959,964
TOTAL INVESTMENTS — (100.0%)
(Cost $1,527,032,702)			$	1,249,348,196

The Asia Pacific Small Company Series

CONTINUED

ADR American Depositary Receipt

»	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.
††	Security valued using significant unobservable inputs (Level 3).
Ω	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 Fund’s 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.

Summary of the Series' investments as of September 30, 2023, 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	$	13,766	$	810,603,906	$	547,617		$	811,165,289
China		—		792,042		—			792,042
Hong Kong		—		253,220,993		307,037			253,528,030
New Zealand		—		41,781,016		—			41,781,016
Singapore		—		130,499,616		620,677			131,120,293
Rights/Warrants
Australia		—		1,562		—			1,562
Securities Lending Collateral		—		10,959,964		—			10,959,964
TOTAL	$	13,766	$	1,247,859,099	$	1,475,331	^	$	1,249,348,196

^ 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, 2023

(Unaudited)

		Shares		Value»
COMMON STOCKS — (99.5%)
COMMUNICATION SERVICES — (3.8%)
	4imprint Group PLC		165,738	$	10,563,657
*	Ascential PLC		1,802,498		4,582,986
	Bloomsbury Publishing PLC		344,810		1,681,791
	Centaur Media PLC		254,249		119,459
# *	Frontier Developments PLC		55,575		149,946
	Future PLC		200,373		2,164,147
	Gamma Communications PLC		220,632		2,937,575
*	Helios Towers PLC		2,127,088		1,896,839
	ITV PLC		14,014,735		12,039,124
	Moneysupermarket.com Group PLC		3,209,924		9,491,561
	Next 15 Group PLC		160,895		1,257,819
	Reach PLC		1,836,995		1,909,477
*	S4 Capital PLC		338,997		278,837
	STV Group PLC		4,918		10,844
*	Tremor International Ltd.		169,671		298,642
*	Tremor International Ltd., ADR		2,906		10,258
TOTAL COMMUNICATION SERVICES					49,392,962
CONSUMER DISCRETIONARY — (19.3%)
*	888 Holdings PLC		850,815		1,032,621
# *	ASOS PLC		68,338		318,268
* Ω	Aston Martin Lagonda Global Holdings PLC		531,326		1,845,004
*	Auction Technology Group PLC		56,869		451,484
	Bellway PLC		540,152		15,006,520
# *	boohoo Group PLC		2,219,128		852,548
*	Card Factory PLC		1,189,906		1,458,991
# *	Cazoo Group Ltd.		10,291		5,610
	Coats Group PLC		5,766,687		5,147,018
	Crest Nicholson Holdings PLC		1,200,209		2,533,394
	Currys PLC		5,232,856		3,080,375
* Ω	Deliveroo PLC		1,291,341		1,878,502
	DFS Furniture PLC		1,097,039		1,448,503
	Domino's Pizza Group PLC		3,097,499		14,186,916
	Dr Martens PLC		687,318		1,177,379
	Dunelm Group PLC		690,244		8,812,817
*	Frasers Group PLC		892,504		8,750,726
	Fuller Smith & Turner PLC, Class A		151,287		1,104,236
	Games Workshop Group PLC		176,924		22,780,761
	Greggs PLC		601,854		17,917,601
* Ω	Gym Group PLC		942,085		1,277,994
	Halfords Group PLC		1,128,015		2,726,887
	Headlam Group PLC		486,598		1,332,303
	Henry Boot PLC		546,682		1,312,596
	Hollywood Bowl Group PLC		321,950		972,202
* Ω	Hostelworld Group PLC		120,968		187,054
	Inchcape PLC		2,112,597		19,457,936
*	J D Wetherspoon PLC		495,955		4,192,217
* Ω	Just Eat Takeaway.com NV		34,274		428,046
	Lookers PLC		1,267,985		2,001,425

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
# *	Marston's PLC		3,266,119	$	1,204,611
	Me Group International PLC		1,538,043		2,950,889
*	Mitchells & Butlers PLC		1,897,027		5,209,839
	MJ Gleeson PLC		240,572		1,225,017
*	Moonpig Group PLC		10,542		20,957
*	Motorpoint group PLC		51,520		55,380
# *	N Brown Group PLC		949,432		237,760
* Ω	On the Beach Group PLC		158,833		203,898
*	Pendragon PLC		5,317,511		2,158,205
	Persimmon PLC		834,532		10,929,438
	Pets at Home Group PLC		2,837,331		11,531,156
*	Playtech PLC		1,768,888		9,746,462
	PPHE Hotel Group Ltd.		15,424		199,325
*	Rank Group PLC		1,056,418		1,073,966
	Redrow PLC		1,581,603		9,516,449
*	Restaurant Group PLC		1,520,755		944,096
	Smiths News PLC		43,375		21,664
*	SSP Group PLC		3,431,254		8,467,981
# * ††	Studio Retail Group PLC		220,669		0
*	Superdry PLC		345,305		182,625
	Taylor Wimpey PLC		3,963,431		5,652,560
*	THG PLC		1,201,685		1,021,838
Ω	TI Fluid Systems PLC		579,107		868,236
	Topps Tiles PLC		786,772		463,100
	Vertu Motors PLC		1,326,258		1,204,929
	Victorian Plumbing Group PLC		3,642		3,911
	Videndum PLC		218,073		876,358
	Vistry Group PLC		1,492,093		16,505,672
* Ω	Watches of Switzerland Group PLC		689,714		4,491,808
	WH Smith PLC		549,109		8,965,487
	Wickes Group PLC		1,932,760		3,222,586
	Young & Co's Brewery PLC, Class A		16,652		218,207
TOTAL CONSUMER DISCRETIONARY					253,052,344
CONSUMER STAPLES — (8.3%)
	AG Barr PLC		742,960		4,440,619
	Anglo-Eastern Plantations PLC		126,037		1,102,054
Ω	Bakkavor Group PLC		743,307		865,851
	Britvic PLC		1,626,728		17,235,808
	C&C Group PLC		1,932,706		3,269,427
	Carr's Group PLC		349,511		564,475
	Cranswick PLC		366,623		15,840,594
	Fevertree Drinks PLC		397,307		5,798,047
*	Greencore Group PLC		2,507,166		2,316,783
	Hilton Food Group PLC		361,009		3,147,373
	Kitwave Group PLC		10,016		31,245
*	Marks & Spencer Group PLC		9,096,384		26,163,165
*	McBride PLC		895,746		428,553
	MP Evans Group PLC		7,544		68,849
# *	Naked Wines PLC		32,906		22,409
	Nichols PLC		2,884		35,582
	Premier Foods PLC		4,712,428		6,890,733
	PZ Cussons PLC		1,614,894		2,782,905
	Tate & Lyle PLC		2,167,560		18,083,596
TOTAL CONSUMER STAPLES					109,088,068

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (3.2%)
	Capricorn Energy PLC		1,904,743	$	4,026,830
	Diversified Energy Co. PLC		3,566,591		3,502,871
	Energean PLC		502,402		6,976,248
*	EnQuest PLC		8,939,089		1,656,906
	Genel Energy PLC		968,718		945,923
	Gulf Keystone Petroleum Ltd.		1,204,083		1,502,115
	Harbour Energy PLC		2,035,793		6,375,396
	Hunting PLC		672,607		2,506,046
*	John Wood Group PLC		3,439,778		6,480,966
*	Pantheon Resources PLC		88,116		36,934
# *	Petrofac Ltd.		1,395,032		1,290,058
	Pharos Energy PLC		1,694,517		472,605
# * ††	Savannah Energy PLC		388,799		91,602
	Serica Energy PLC		1,114,079		3,378,326
# *	Tullow Oil PLC		5,963,956		2,493,371
TOTAL ENERGY					41,736,197
FINANCIALS — (19.7%)
	abrdn PLC		2,030,094		3,835,638
	AJ Bell PLC		1,029,914		3,447,629
	Ashmore Group PLC		2,370,283		5,410,898
	Bank of Georgia Group PLC		269,724		12,107,096
	Beazley PLC		3,029,976		20,374,449
Ω	Bridgepoint Group PLC		228,129		533,383
	Brooks Macdonald Group PLC		628		12,762
	Burford Capital Ltd.		965,905		13,212,841
	Chesnara PLC		955,858		3,204,122
	Close Brothers Group PLC		891,123		9,595,016
Ω	CMC Markets PLC		885,639		1,135,743
*	Direct Line Insurance Group PLC		5,398,446		11,293,696
* Ω	Funding Circle Holdings PLC		104,248		49,227
*	Georgia Capital PLC		29,469		353,359
	H&T Group PLC		2,590		13,396
	Hargreaves Lansdown PLC		698,914		6,573,261
	Hiscox Ltd.		1,420,166		17,363,853
	IG Group Holdings PLC		1,309,276		10,249,815
	Impax Asset Management Group PLC		235,158		1,310,712
	IntegraFin Holdings PLC		682,090		1,969,495
	Intermediate Capital Group PLC		324,795		5,451,828
	International Personal Finance PLC		1,140,271		1,749,457
	IP Group PLC		5,333,136		3,435,824
	Jupiter Fund Management PLC		2,208,694		2,575,495
	Just Group PLC		6,602,530		5,787,965
	Lancashire Holdings Ltd.		1,661,042		11,935,432
	Liontrust Asset Management PLC		140,542		1,036,527
	Man Group PLC		7,541,211		20,497,155
# *	Metro Bank Holdings PLC		164,184		116,588
	Mortgage Advice Bureau Holdings Ltd.		2,230		14,539
* Ω	Network International Holdings PLC		232,907		1,108,048
	Ninety One PLC		1,904,512		3,956,785
	Numis Corp. PLC		311,926		1,304,709
	OSB Group PLC		2,134,752		8,469,915
	Paragon Banking Group PLC		1,921,607		11,480,601
	PayPoint PLC		363,849		2,309,123
	Plus500 Ltd.		519,961		8,734,210

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Polar Capital Holdings PLC		273,644	$	1,549,501
Ω	Quilter PLC		7,175,803		7,475,266
	Rathbones Group PLC		356,303		7,544,939
	Record PLC		18,948		17,897
	S&U PLC		30,393		822,547
Ω	Sabre Insurance Group PLC		413,820		764,918
*	Saga PLC		537,603		810,781
	TBC Bank Group PLC		121,244		4,401,499
	TP ICAP Group PLC		4,057,831		8,401,525
	Vanquis Banking Group PLC		1,235,293		1,896,676
	Virgin Money UK PLC		6,471,074		13,233,241
††	Waterloo Investment Holdings Ltd.		4,000		1,040
	XPS Pensions Group PLC		12,911		30,644
TOTAL FINANCIALS					258,961,066
HEALTH CARE — (3.7%)
††	4d pharma PLC		42,478		1,617
	Advanced Medical Solutions Group PLC		467,526		1,149,496
#	Alliance Pharma PLC		2,234,721		1,285,715
	CVS Group PLC		418,701		8,312,357
	EKF Diagnostics Holdings PLC		79,384		26,133
	EMIS Group PLC		287,750		6,782,809
*	Ergomed PLC		63,132		1,035,087
	Hikma Pharmaceuticals PLC		277,193		7,038,809
*	Indivior PLC		759,374		16,425,238
* Ω	Integrated Diagnostics Holdings PLC		1,249,693		480,662
	NIOX Group PLC		202,629		165,119
*	PureTech Health PLC		424,134		935,922
Ω	Spire Healthcare Group PLC		1,842,894		5,246,779
*	Trellus Health PLC		1,632		154
TOTAL HEALTH CARE					48,885,897
INDUSTRIALS — (24.3%)
	Ashtead Technology Holdings PLC		5,467		29,086
#	Avon Rubber PLC		170,724		1,279,213
*	Babcock International Group PLC		2,603,729		13,086,228
	Balfour Beatty PLC		3,585,302		14,002,479
	Begbies Traynor Group PLC		60,262		82,168
	Bodycote PLC		1,236,656		9,825,821
#	Braemar PLC		83,994		238,781
*	Capita PLC		8,683,384		1,798,994
	Chemring Group PLC		1,977,936		6,687,849
	Clarkson PLC		211,472		7,042,911
	Costain Group PLC		237,261		164,788
*	De La Rue PLC		416,200		313,175
# *	Dialight PLC		89,929		182,819
	Diploma PLC		428,815		15,654,996
	DiscoverIE Group PLC		578,652		4,774,669
Ω	DWF Group PLC		10,499		12,744
*	easyJet PLC		966,101		5,007,627
*	Esken Ltd.		1,707,178		57,810
	Firstgroup PLC		2,817,499		5,180,358
	Galliford Try Holdings PLC		572,910		1,698,440
	Genuit Group PLC		1,344,851		5,383,280
	Goodwin PLC		246		15,417

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Grafton Group PLC		1,489,341	$	16,431,883
	Hays PLC		9,347,832		12,398,621
	Howden Joinery Group PLC		1,130,472		10,114,940
	IMI PLC		338,732		6,445,876
* ††	Industrial & Commercial Bank of China Ltd.		5,000		0
*	International Distributions Services PLC		3,095,228		9,831,092
*	James Fisher & Sons PLC		193,197		773,440
	James Halstead PLC		150,235		378,916
	JET2 PLC		813,756		10,700,099
	Johnson Service Group PLC		838,319		1,384,291
	Keller Group PLC		498,383		4,570,193
*	Kier Group PLC		1,785,972		2,503,320
	Learning Technologies Group PLC		161,688		126,060
# Ω	Luceco PLC		278,939		394,248
	Mears Group PLC		776,469		2,613,551
	Mitie Group PLC		7,884,929		9,837,572
	Mobico Group PLC		3,001,140		3,235,290
	Morgan Advanced Materials PLC		1,921,125		5,727,304
	Morgan Sindall Group PLC		266,618		6,649,337
	Norcros PLC		155,422		289,525
	Pagegroup PLC		1,947,013		9,955,727
	Porvair PLC		18,060		127,550
	QinetiQ Group PLC		3,241,231		12,553,058
	Redde Northgate PLC		1,430,002		5,892,168
	Renew Holdings PLC		75,173		656,199
*	Renewi PLC		459,525		4,107,969
	Ricardo PLC		311,573		1,891,387
	Robert Walters PLC		391,393		1,994,730
	Rotork PLC		4,324,797		16,384,200
	RS Group PLC		653,151		5,833,409
	RWS Holdings PLC		323,584		945,940
	Senior PLC		2,467,543		4,888,851
	Serco Group PLC		5,743,194		10,416,448
	Severfield PLC		1,107,512		840,732
*	SIG PLC		3,677,159		1,611,206
	Smart Metering Systems PLC		559,530		4,243,797
	Speedy Hire PLC		2,562,448		999,508
	SThree PLC		873,750		3,961,463
	TClarke PLC		64,836		107,927
	Travis Perkins PLC		1,117,269		11,423,024
	Trifast PLC		524,611		524,671
	Tyman PLC		1,052,344		3,718,231
	Vesuvius PLC		1,526,317		8,062,949
	Volex PLC		480,111		1,840,159
	Volution Group PLC		780,299		3,436,316
	Vp PLC		153,784		986,513
	Wilmington PLC		334,384		1,319,542
	Wincanton PLC		669,436		2,233,119
	XP Power Ltd.		51,489		1,471,137
TOTAL INDUSTRIALS					319,353,141
INFORMATION TECHNOLOGY — (6.7%)
*	accesso Technology Group PLC		14,495		109,517
Ω	Alfa Financial Software Holdings PLC		15,729		35,380
	Bytes Technology Group PLC		753,689		4,572,983

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	CentralNic Group PLC		146,928	$	237,876
	Computacenter PLC		497,525		15,319,761
*	Darktrace PLC		302,278		1,478,936
	dotdigital group PLC		448,931		424,627
	FDM Group Holdings PLC		463,022		2,937,097
*	Fund Technologies PLC		36,516		650,313
	GB Group PLC		233,875		612,238
	Gooch & Housego PLC		2,781		16,800
	IDOX PLC		140,149		108,753
	iomart Group PLC		307,631		598,955
# *	IQE PLC		2,591,373		552,921
	Kainos Group PLC		477,301		6,652,769
	Keywords Studios PLC		9,057		170,286
*	Kin & Carta PLC		271,302		274,015
	NCC Group PLC		1,588,590		2,286,743
	Oxford Instruments PLC		345,266		9,203,145
	Renishaw PLC		89,254		3,827,231
*	RM PLC		313,273		226,952
	Softcat PLC		677,227		12,023,774
	Spectris PLC		384,491		15,895,463
	Spirent Communications PLC		3,988,310		6,700,967
#	Strix Group PLC		236,656		152,230
	TT Electronics PLC		1,095,094		2,269,307
*	Xaar PLC		553,856		1,240,493
TOTAL INFORMATION TECHNOLOGY					88,579,532
MATERIALS — (5.4%)
*	Accsys Technologies PLC		9,505		8,406
	Breedon Group PLC		694,974		2,786,777
	Capital Ltd.		59,308		61,762
	Castings PLC		172,368		716,955
	Centamin PLC		8,174,090		8,305,876
	Central Asia Metals PLC		760,226		1,747,270
	DS Smith PLC		1,421,046		4,956,202
	Ecora Resources PLC		1,133,180		1,480,171
*	Elementis PLC		3,457,720		5,215,379
	Essentra PLC		1,598,848		3,147,646
*	Ferrexpo PLC		31,542		29,264
Ω	Forterra PLC		1,254,625		2,270,270
*	Gem Diamonds Ltd.		413,552		76,610
	Hill & Smith PLC		546,022		11,425,457
*	Hochschild Mining PLC		1,661,035		1,690,891
Ω	Ibstock PLC		2,547,936		4,419,091
	Johnson Matthey PLC		299,298		5,925,286
	Marshalls PLC		369,853		1,135,119
	Pan African Resources PLC		6,037,485		1,058,763
*	Petra Diamonds Ltd.		17,532		14,589
	RHI Magnesita NV		131,110		4,425,720
*	SolGold PLC		1,728,262		264,431
# *	Synthomer PLC		106,300		301,038
	Victrex PLC		503,282		8,599,062
	Zotefoams PLC		106,928		436,587
TOTAL MATERIALS					70,498,622

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
REAL ESTATE — (2.8%)
	Foxtons Group PLC		1,351,763	$	602,124
	Grainger PLC		4,237,552		12,039,300
	Harworth Group PLC		30,381		39,091
	Helical PLC		241,035		619,593
*	IWG PLC		3,854,109		6,631,322
	LSL Property Services PLC		474,846		1,503,917
	Phoenix Spree Deutschland Ltd.		15,813		31,329
	Savills PLC		961,872		10,132,875
	Sirius Real Estate Ltd.		4,102,800		4,301,091
	Watkin Jones PLC		1,003,427		488,606
TOTAL REAL ESTATE					36,389,248
UTILITIES — (2.3%)
	Drax Group PLC		2,467,126		13,199,883
	Pennon Group PLC		1,344,452		9,598,546
	Telecom Plus PLC		424,957		7,723,369
TOTAL UTILITIES					30,521,798
TOTAL COMMON STOCKS					1,306,458,875
RIGHTS/WARRANTS — (0.0%)
MATERIALS — (0.0%)
*	Synthomer PLC		637,799		233,454
TOTAL INVESTMENT SECURITIES (Cost $1,337,057,408)					1,306,692,329

			Value†
SECURITIES LENDING COLLATERAL — (0.5%)
@ §	The DFA Short Term Investment Fund	577,907		6,685,232
TOTAL INVESTMENTS — (100.0%)
(Cost $1,343,742,062)^^			$	1,313,377,561

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.
Ω	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 Fund’s 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, 2023, 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	$	10,258	$	49,382,704	$	—		$	49,392,962
Consumer Discretionary		5,610		253,046,734		—			253,052,344
Consumer Staples		—		109,088,068		—			109,088,068
Energy		—		41,644,595		91,602			41,736,197
Financials		—		258,960,026		1,040			258,961,066
Health Care		—		48,884,280		1,617			48,885,897
Industrials		—		319,353,141		—			319,353,141
Information Technology		—		88,579,532		—			88,579,532
Materials		—		70,498,622		—			70,498,622
Real Estate		—		36,389,248		—			36,389,248
Utilities		—		30,521,798		—			30,521,798
Rights/Warrants
Materials		—		233,454		—			233,454
Securities Lending Collateral		—		6,685,232		—			6,685,232
TOTAL	$	15,868	$	1,313,267,434	$	94,259	^	$	1,313,377,561

^ 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, 2023

(Unaudited)

		Shares		Value»
COMMON STOCKS — (95.6%)
AUSTRIA — (3.2%)
	Agrana Beteiligungs AG		82,296	$	1,336,986
	ANDRITZ AG		438,579		22,101,148
	AT&S Austria Technologie & Systemtechnik AG		190,150		5,615,755
Ω	BAWAG Group AG		434,580		19,862,908
	CA Immobilien Anlagen AG		111,893		3,705,176
	DO & Co. AG		45,371		4,974,494
*	Eurotelesites AG		289,656		1,267,829
	EVN AG		246,314		6,583,274
*	FACC AG		118,395		762,891
*	Immofinanz AG		29,472		572,260
*	Immofinanz AG		681,827		0
	Josef Manner & Comp AG		870		101,505
*	Kapsch TrafficCom AG		29,728		312,201
# *	Lenzing AG		112,408		4,606,561
	Mayr Melnhof Karton AG		56,673		7,643,601
	Oberbank AG		45,418		2,967,126
	Oesterreichische Post AG		112,654		3,696,091
	Palfinger AG		97,003		2,287,453
	POLYTEC Holding AG		106,063		453,983
	Porr AG		104,459		1,294,634
*	Raiffeisen Bank International AG		250,707		3,652,872
*	Rosenbauer International AG		20,672		664,311
	Schoeller-Bleckmann Oilfield Equipment AG		59,509		3,505,030
	Semperit AG Holding		55,998		1,009,722
	Telekom Austria AG		1,158,627		8,082,575
	UBM Development AG		21,002		465,171
	UNIQA Insurance Group AG		912,497		7,379,225
	Vienna Insurance Group AG Wiener Versicherung Gruppe		289,761		8,076,354
	voestalpine AG		615,510		16,757,450
	Wienerberger AG		682,908		17,284,628
	Zumtobel Group AG		155,917		990,983
TOTAL AUSTRIA					158,014,197
BELGIUM — (3.8%)
	Ackermans & van Haaren NV		171,688		25,943,675
	Ageas SA		22,484		926,035
# *	AGFA-Gevaert NV		1,025,088		1,979,224
#	Atenor		22,121		281,837
	Azelis Group NV		44,216		872,828
	Barco NV		464,377		9,009,825
	Bekaert SA		250,767		11,226,578
# * Ω	Biocartis Group NV		357,370		109,571
	bpost SA		381,856		2,090,818
	Cie d'Entreprises CFE		49,898		368,794
	Deceuninck NV		480,813		1,102,115
	Deme Group NV		49,625		5,443,694
	D'ieteren Group		4,668		786,995
	Econocom Group SA		636,369		1,677,041
	Etablissements Franz Colruyt NV		283,213		12,242,796
*	Euronav NV		1,347,567		21,855,824
	EVS Broadcast Equipment SA		69,287		1,964,912
	Fagron		348,623		5,928,445
*	Galapagos NV		212,840		7,328,858
	Gimv NV		127,837		5,581,461
*	Greenyard NV		2,890		18,659

The Continental Small Company Series

CONTINUED

		Shares		Value»
BELGIUM — (Continued)
#	Immobel SA		23,226	$	715,065
	Ion Beam Applications		123,212		1,285,849
	Jensen-Group NV		20,961		709,048
	Kinepolis Group NV		92,201		4,585,923
	Lotus Bakeries NV		2,157		17,525,224
	Melexis NV		121,179		10,429,228
# *	Ontex Group NV		382,713		2,807,489
	Proximus SADP		742,355		6,031,831
#	Recticel SA		282,075		2,790,760
	Roularta Media Group NV		19,318		255,163
	Shurgard Self Storage Ltd.		23,591		934,011
	Sipef NV		38,999		2,168,453
	Tessenderlo Group SA		211,012		6,080,307
	Umicore SA		174,160		4,123,511
	Van de Velde NV		47,376		1,654,573
	VGP NV		36,727		3,406,910
	Viohalco SA		498,361		2,768,246
	What's Cooking BV		3,904		288,725
TOTAL BELGIUM					185,300,301
DENMARK — (6.4%)
*	ALK-Abello AS		855,243		9,591,485
	Alm Brand AS		6,053,840		9,066,529
# *	Ambu AS, Class B		501,963		5,232,059
# *	Bang & Olufsen AS		599,792		730,498
	BankNordik P/F		10,800		252,817
# *	Bavarian Nordic AS		448,836		10,042,928
*	Brodrene Hartmann AS		16,148		752,466
#	cBrain AS		18,289		516,328
*	Chemometec AS		83,142		3,943,944
	Columbus AS		490,087		445,578
	D/S Norden AS		200,319		11,125,749
	Dfds AS		203,658		6,713,664
#	Djurslands Bank AS		6,232		393,891
	FLSmidth & Co. AS		319,467		14,399,254
#	Fluegger Group AS		4,198		183,282
*	GN Store Nord AS		560,048		10,069,207
#	GronlandsBANKEN AS		1,125		100,450
	H Lundbeck AS		1,473,251		7,934,324
	H Lundbeck AS, Class A		14,791		69,918
# *	H+H International AS, Class B		98,099		992,897
*	Harboes Bryggeri AS, Class B		5,094		52,067
	ISS AS		912,942		14,024,174
	Jeudan AS		40,046		1,357,635
*	Jyske Bank AS		437,851		31,938,607
	Lan & Spar Bank		4,895		475,356
	Matas AS		279,854		3,867,278
# * Ω	Netcompany Group AS		150,265		5,695,532
*	Nilfisk Holding AS		123,482		2,166,258
*	NKT AS		354,659		18,474,324
# * Ω	NNIT AS		71,567		859,934
	North Media AS		5,372		44,101
*	NTG Nordic Transport Group AS, Class A		18,147		930,857
#	Parken Sport & Entertainment AS		11,952		211,866
	Per Aarsleff Holding AS		133,648		6,124,712
	Ringkjoebing Landbobank AS		197,625		28,521,800
	Rockwool AS, Class A		562		135,898
	Rockwool AS, Class B		8,102		1,958,136
	Royal Unibrew AS		312,981		24,171,653

The Continental Small Company Series

CONTINUED

		Shares		Value»
DENMARK — (Continued)
# *	RTX AS		51,335	$	607,926
Ω	Scandinavian Tobacco Group AS, Class A		452,246		6,888,808
	Schouw & Co. AS		94,292		6,278,091
	Solar AS, Class B		38,507		2,587,525
	SP Group AS		4,788		137,577
	Spar Nord Bank AS		609,820		9,433,429
	Sparekassen Sjaelland-Fyn AS		1,651		46,171
	Sydbank AS		461,164		21,890,573
*	TCM Group AS		2,578		18,090
#	Tivoli AS		9,878		1,002,598
	Topdanmark AS		363,470		15,779,954
	TORM PLC, Class A		195,257		5,284,562
	UIE PLC		103,360		2,585,105
*	Zealand Pharma AS		230,216		9,950,963
TOTAL DENMARK					316,058,828
FINLAND — (4.9%)
	Aktia Bank Oyj		344,733		3,314,187
#	Alandsbanken Abp, Class B		23,036		808,324
	Alma Media Oyj		135,302		1,289,785
	Apetit Oyj		21,105		267,532
	Aspo Oyj		106,324		671,036
	Atria Oyj		98,413		1,101,081
#	Bittium Oyj		204,447		800,332
	Cargotec Oyj, Class B		267,368		11,177,341
	Caverion Oyj		167,428		1,525,374
#	Citycon Oyj		447,053		2,504,131
	Digia Oyj		85,054		492,842
Ω	Enento Group Oyj		5,539		124,110
*	Finnair Oyj		4,568,940		2,491,424
#	Fiskars Oyj Abp		215,530		3,970,079
	F-Secure Oyj		730,842		1,346,077
	Glaston Oyj Abp		9,217		7,585
	Harvia Oyj		69,184		1,866,151
# *	HKScan Oyj, Class A		234,984		183,707
#	Huhtamaki Oyj		631,957		20,776,012
	Ilkka Oyj		58,887		195,939
#	Kamux Corp.		59,097		346,420
	Kemira Oyj		741,189		11,524,543
	Kesko Oyj, Class B		31,113		557,428
	Kojamo Oyj		599,747		5,313,862
	Konecranes Oyj		400,235		13,267,495
#	Lassila & Tikanoja Oyj		200,646		2,064,783
	Marimekko Oyj		44,324		492,241
#	Metsa Board Oyj, Class B		1,192,468		9,572,400
	Musti Group Oyj		73,456		1,395,044
	Nokian Renkaat Oyj		750,536		5,891,574
	Olvi Oyj, Class A		95,777		3,052,955
	Oma Saastopankki Oyj		8,486		184,455
	Oriola Oyj, Class A		6,054		7,280
#	Oriola Oyj, Class B		808,151		796,090
	Orion Oyj, Class B		619,790		24,348,971
#	Outokumpu Oyj		2,082,311		8,717,373
# *	Pihlajalinna Oyj		80,774		691,471
	Ponsse Oyj		71,199		1,969,444
*	QT Group Oyj		63,384		3,469,791
	Raisio Oyj, Class V		841,578		1,837,768
#	Rapala VMC Oyj		116,693		381,180
	Revenio Group Oyj		130,109		2,816,361

The Continental Small Company Series

CONTINUED

		Shares		Value»
FINLAND — (Continued)
#	Sanoma Oyj		513,060	$	3,772,836
	Taaleri Oyj		8,120		79,279
#	Talenom Oyj		7,120		41,112
*	Teleste Oyj		52,966		182,631
Ω	Terveystalo Oyj		145,253		1,159,024
	TietoEVRY Oyj		608,364		13,663,662
	Tokmanni Group Corp.		320,158		4,445,492
#	Uponor Oyj		366,871		11,009,549
	Vaisala Oyj, Class A		125,217		4,394,761
#	Valmet Oyj		886,762		20,245,250
#	Verkkokauppa.com Oyj		13,945		37,252
#	Viking Line Abp		11,073		225,293
	Wartsila Oyj Abp		2,309,835		26,179,504
# *	WithSecure Oyj		607,336		659,651
#	YIT Oyj		701,775		1,609,980
TOTAL FINLAND					241,317,254
FRANCE — (11.5%)
	ABC arbitrage		127,460		781,054
*	Air France-KLM		213,395		2,670,708
	AKWEL		62,053		1,046,965
Ω	ALD SA		212,268		1,639,063
	Altamir		136,094		3,593,419
	Alten SA		147,174		19,312,366
	Arkema SA		104,074		10,245,110
	Assystem SA		61,561		2,580,675
# *	Atos SE		463,767		3,216,752
	Aubay		41,362		1,692,742
	Axway Software SA		39,509		965,086
*	Bastide le Confort Medical		18,680		501,147
	Beneteau SA		251,906		3,045,943
# *	Bigben Interactive		98,829		328,948
	Boiron SA		33,957		1,924,541
	Bonduelle SCA		99,470		1,108,552
* ††	Bourbon Corp.		28,851		0
	Catana Group		47,853		301,899
*	Cegedim SA		39,170		755,452
*	CGG SA		4,358,311		3,091,864
#	Chargeurs SA		108,477		923,143
	Cie des Alpes		126,103		1,729,683
	Cie Plastic Omnium SE		346,887		5,625,590
*	Claranova SE		66,462		102,310
#	Clariane SE		461,522		2,771,074
	Coface SA		753,718		9,595,655
	Derichebourg SA		674,729		3,391,901
*	Ekinops SAS		7,393		46,073
	Electricite de Strasbourg SA		21,112		2,139,731
# * Ω	Elior Group SA		729,316		1,490,081
	Elis SA		1,272,724		22,353,172
	Equasens		9,004		693,305
	Eramet SA		71,029		5,397,837
#	Esso SA Francaise		4,117		265,779
	Etablissements Maurel et Prom SA		365,012		1,883,466
	Eurazeo SE		188,864		11,238,362
Ω	Euronext NV		38,924		2,707,519
#	Eutelsat Communications SA		1,169,230		6,894,191
*	Exclusive Networks SA		1,066		19,386
	Exel Industries, Class A		10,459		511,623
	Fnac Darty SA		93,972		2,301,684

The Continental Small Company Series

CONTINUED

		Shares		Value»
FRANCE — (Continued)
*	Forvia SE		832,546	$	17,128,358
*	Gaumont SA		10,715		1,100,595
	Gaztransport Et Technigaz SA		166,053		20,409,369
#	GEA		2,433		252,087
# *	Genfit SA		11,113		36,849
	GL Events		57,046		984,126
	Groupe Crit SA		22,187		1,637,223
	Groupe SFPI		21,754		41,087
	Guerbet		35,476		630,214
*	Haulotte Group SA		73,020		224,030
*	HEXAOM		1,293		18,666
*	ID Logistics Group SACA		15,056		3,966,312
	Imerys SA		218,753		6,455,936
	Infotel SA		637		33,412
	Interparfums SA		9,385		520,717
	IPSOS SA		294,055		13,509,023
	Jacquet Metals SACA		92,263		1,568,971
*	JCDecaux SE		272,456		4,609,837
	Kaufman & Broad SA		111,446		3,247,352
Ω	La Francaise des Jeux SAEM		66,996		2,176,006
	Laurent-Perrier		13,997		1,768,961
	Lectra		87,690		2,383,021
	Linedata Services		3,353		191,350
	LISI		43,979		1,033,522
#	LNA Sante SA		32,778		855,720
Ω	Maisons du Monde SA		170,760		1,312,026
	Manitou BF SA		67,613		1,621,593
	Mersen SA		148,774		5,926,378
	Metropole Television SA		169,853		2,149,718
# *	Nacon SA		64,505		95,047
Ω	Neoen SA		95,522		2,777,855
	Nexans SA		195,817		15,876,053
	Nexity SA		245,829		3,624,168
	NRJ Group		87,189		643,385
	Oeneo SA		105,998		1,568,426
*	OL Groupe SA		1,846		3,750
*	Plastiques Du Val De Loire		14,341		39,977
*	Prodways Group SA		7,107		11,644
	Quadient SA		216,322		4,357,490
# * ††	Recylex SA		102,008		0
	Rexel SA		1,366,312		30,613,550
	Robertet SA		217		185,264
	Rubis SCA		583,605		13,070,726
	Samse SACA		7,930		1,391,199
	Savencia SA		35,032		2,006,522
	SCOR SE		825,454		25,627,758
	SEB SA		103,512		9,656,330
	Seche Environnement SA		21,328		2,483,482
	SES SA		1,967,782		12,863,952
# *	SES-imagotag SA		2,275		264,967
* Ω	SMCP SA		78,239		316,626
	Societe BIC SA		145,796		9,612,512
	Societe des Bains de Mer et du Cercle des Etrangers a Monaco		37,677		4,447,382
	Societe pour l'Informatique Industrielle		57,629		2,856,114
*	SOITEC		145,953		24,221,721
	Sopra Steria Group SACA		120,549		24,885,997
	SPIE SA		860,805		24,982,055
* Ω	SRP Groupe SA		56,827		64,975
	Stef SA		25,714		2,879,845

The Continental Small Company Series

CONTINUED

		Shares		Value»
FRANCE — (Continued)
	Sword Group		37,845	$	1,449,599
	Synergie SE		67,143		2,082,656
	Technip Energies NV		594,475		14,759,939
	Television Francaise 1 SA		398,119		3,045,578
	TFF Group		8,661		390,954
	Thermador Groupe		37,127		3,087,924
#	Tikehau Capital SCA		34,883		768,382
	Totalenergies EP Gabon		4,026		719,823
	Trigano SA		60,136		8,141,746
*	Ubisoft Entertainment SA		443,667		14,377,841
	Valeo SE		1,125,958		19,321,392
*	Vallourec SACA		712,735		8,674,575
# *	Vantiva SA		81,942		13,318
Ω	Verallia SA		349,138		13,733,062
	Vetoquinol SA		11,317		933,123
	Vicat SACA		108,897		3,324,134
	VIEL & Cie SA		156,945		1,364,885
	Virbac SA		27,371		7,384,020
*	Voltalia SA		20,239		219,014
	Vranken-Pommery Monopole SA		16,787		295,535
	Wavestone		9,891		518,190
* Ω	X-Fab Silicon Foundries SE		196,784		2,028,384
*	Xilam Animation SA		415		5,964
TOTAL FRANCE					564,745,120
GERMANY — (13.9%)
	1&1 AG		253,045		4,276,003
#	7C Solarparken AG		139,107		474,350
	Adesso SE		8,348		902,193
*	Adtran Networks SE		3,098		65,676
	AIXTRON SE		241,711		8,853,573
	All for One Group SE		4,503		189,886
#	Allgeier SE		51,086		1,144,099
#	Amadeus Fire AG		12,695		1,497,929
# *	Aroundtown SA		2,019,302		4,189,057
	Atoss Software AG		17,266		3,567,742
	Aurubis AG		205,349		15,151,425
# * Ω	Auto1 Group SE		166,989		1,064,387
#	Basler AG		87,154		901,025
#	BayWa AG		104,518		3,717,549
	BayWa AG		124		6,509
	Bechtle AG		424,706		19,778,671
Ω	Befesa SA		159,690		4,867,498
	Bertrandt AG		35,013		1,628,342
	Bijou Brigitte AG		25,004		905,807
	Bilfinger SE		191,469		6,546,879
*	Borussia Dortmund GmbH & Co. KGaA		593,416		2,461,261
	CANCOM SE		235,664		6,273,195
*	Ceconomy AG		990,593		2,091,101
	CENIT AG		57,781		796,435
	Cewe Stiftung & Co. KGAA		45,914		4,271,286
	CompuGroup Medical SE & Co. KgaA		182,554		7,128,508
	CropEnergies AG		184,720		1,542,531
	CTS Eventim AG & Co. KGaA		309,693		17,579,272
	Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen		11,455		611,480
#	Dermapharm Holding SE		83,486		3,441,472
	Deutsche Beteiligungs AG		104,091		3,457,964
# Ω	Deutsche Pfandbriefbank AG		922,016		6,530,662
	Deutz AG		674,170		2,969,063

The Continental Small Company Series

CONTINUED

		Shares		Value»
GERMANY — (Continued)
#	DIC Asset AG		375,149	$	1,548,124
	DMG Mori AG		2,259		102,471
# *	Dr Hoenle AG		33,927		635,860
	Draegerwerk AG & Co. KGaA		19,558		784,422
	Duerr AG		356,390		9,643,896
Ω	DWS Group GmbH & Co. KGaA		52,223		1,773,332
	Eckert & Ziegler Strahlen- und Medizintechnik AG		102,697		3,491,910
	EDAG Engineering Group AG		51,353		631,559
	Elmos Semiconductor SE		16,550		1,113,290
	ElringKlinger AG		186,081		1,150,842
# *	Encavis AG		544,789		7,645,323
	Energiekontor AG		16,734		1,358,475
*	Evotec SE		92,877		1,848,872
	Fabasoft AG		509		9,609
	Fielmann Group AG		152,624		6,579,409
# *	flatexDEGIRO AG		247,657		2,164,078
*	Fraport AG Frankfurt Airport Services Worldwide		223,010		11,789,875
	Freenet AG		931,981		21,816,222
	FUCHS SE		143,500		4,595,159
	GEA Group AG		170,301		6,276,332
	Gerresheimer AG		237,822		24,919,274
	Gesco SE		55,404		1,234,655
	GFT Technologies SE		153,954		4,278,170
# *	Global Fashion Group SA		76,275		26,729
*	Grand City Properties SA		528,016		4,978,630
#	GRENKE AG		28,746		626,696
	H&R GmbH & Co. KGaA		71,674		364,696
	Hamburger Hafen und Logistik AG		168,075		2,985,482
	Hawesko Holding SE		313		11,775
# *	Heidelberger Druckmaschinen AG		1,768,422		2,256,159
*	HelloFresh SE		797,816		23,706,699
	Hensoldt AG		179,268		5,285,517
*	Highlight Communications AG		98,406		311,518
	Hochtief AG		119,867		12,086,640
	Hornbach Holding AG & Co. KGaA		55,236		3,520,499
	HUGO BOSS AG		412,000		26,042,798
*	Hypoport SE		163		21,974
	Indus Holding AG		134,939		2,863,127
	Init Innovation in Traffic Systems SE		37,723		955,969
Ω	Instone Real Estate Group SE		54,151		335,492
#	IVU Traffic Technologies AG		51,403		730,695
	Jenoptik AG		405,423		10,245,531
Ω	JOST Werke SE		9,579		459,120
	K&S AG		1,091,009		19,730,184
	KION Group AG		237,359		9,078,788
	Kloeckner & Co. SE		482,181		4,927,747
	Knaus Tabbert AG		1,753		96,368
*	Koenig & Bauer AG		88,269		1,306,764
	Kontron AG		341,210		6,609,904
	Krones AG		112,199		11,546,540
	KSB SE & Co. KGaA		3,293		2,362,264
	KWS Saat SE & Co. KGaA		83,735		4,915,854
	Lanxess AG		572,100		14,463,647
*	LEG Immobilien SE		214,896		14,777,803
	Leifheit AG		59,026		1,128,261
# *	Manz AG		25,270		370,097
*	Mediclin AG		78,748		231,157
*	Medigene AG		116,971		214,308
*	METRO AG		885,556		6,102,252

The Continental Small Company Series

CONTINUED

		Shares		Value»
GERMANY — (Continued)
	MLP SE		449,086	$	2,281,240
# *	Nagarro SE		55,323		3,990,986
	Nemetschek SE		61,552		3,745,965
	New Work SE		18,882		1,970,115
	Nexus AG		90,810		4,946,381
# *	Nordex SE		452,034		5,546,102
	Norma Group SE		207,439		3,832,957
#	OHB SE		39,251		1,771,465
	Patrizia SE		274,573		2,175,888
	Pfeiffer Vacuum Technology AG		47,911		7,406,626
	PNE AG		124,009		1,719,500
	ProSiebenSat.1 Media SE		1,111,874		7,510,271
	PSI Software SE		62,346		1,615,813
# *	PVA TePla AG		94,652		1,531,848
	PWO AG		8,558		263,427
*	q.beyond AG		644,117		451,832
*	R Stahl AG		14,952		381,576
	Rational AG		540		341,660
* Ω	Redcare Pharmacy NV		16,410		1,744,553
	RTL Group SA		40,540		1,390,169
	SAF-Holland SE		265,527		3,418,549
	Salzgitter AG		246,522		6,511,051
	Schloss Wachenheim AG		6,929		117,645
Ω	Scout24 SE		253,054		17,546,388
#	Secunet Security Networks AG		8,631		1,827,283
# *	SGL Carbon SE		341,797		2,378,652
	Siltronic AG		113,468		9,659,272
	Sixt SE		95,986		8,877,368
# *	SMA Solar Technology AG		86,040		5,564,733
	Stabilus SE		168,333		9,405,253
#	STRATEC SE		29,220		1,363,817
	Stroeer SE & Co. KGaA		204,102		9,074,497
	Suedzucker AG		520,927		7,744,589
	SUESS MicroTec SE		150,279		3,469,185
	Surteco Group SE		47,139		842,976
	Synlab AG		35,702		380,385
*	TAG Immobilien AG		1,104,779		11,542,869
	Takkt AG		237,111		3,217,207
* Ω	TeamViewer SE		802,681		13,491,086
	Technotrans SE		46,673		820,694
	Telefonica Deutschland Holding AG		919,136		1,643,938
	thyssenkrupp AG		2,842,592		21,610,281
	United Internet AG		160,549		3,431,696
#	VERBIO Vereinigte BioEnergie AG		164,745		6,611,958
*	Vitesco Technologies Group AG, Class A		67,592		5,470,054
	Vossloh AG		76,789		3,203,999
	Wacker Chemie AG		56,126		8,014,737
	Wacker Neuson SE		207,149		4,216,352
	Washtec AG		80,844		2,861,287
*	Westwing Group SE		41,567		394,148
	Wuestenrot & Wuerttembergische AG		192,977		2,951,401
	Zeal Network SE		35,034		1,165,723
TOTAL GERMANY					683,399,120
GREECE — (0.0%)
* ††	Neorion Holdings SA		14,991		0
IRELAND — (1.1%)
	Bank of Ireland Group PLC		2,349,597		22,968,747

The Continental Small Company Series

CONTINUED

		Shares		Value»
IRELAND — (Continued)
	Cairn Homes PLC		1,929,630	$	2,226,359
	Dalata Hotel Group PLC		422,077		1,789,882
	FBD Holdings PLC		142,812		1,875,024
	Glanbia PLC		1,136,976		18,474,934
* Ω	Glenveagh Properties PLC		1,076,628		1,133,724
	Irish Continental Group PLC		820,853		3,891,025
*	Permanent TSB Group Holdings PLC		268,168		610,016
TOTAL IRELAND					52,969,711
ISRAEL — (2.3%)
	Adgar Investment & Development Ltd.		105,459		121,827
*	Afcon Holdings Ltd.		3,064		92,041
# *	AFI Properties Ltd.		100,052		3,405,970
	Africa Israel Residences Ltd.		13,924		723,437
# *	Allot Ltd.		189,485		415,808
	Alony Hetz Properties & Investments Ltd.		11,129		76,346
#	Alrov Properties & Lodgings Ltd.		49,832		1,798,518
	Arad Ltd.		28,474		448,306
*	Ashdod Refinery Ltd.		61,298		1,695,453
	AudioCodes Ltd.		27,040		274,043
#	Aura Investments Ltd.		334,602		782,122
	Automatic Bank Services Ltd.		11,760		48,854
*	Avgol Industries 1953 Ltd.		468,925		206,617
# *	Azorim-Investment Development & Construction Co. Ltd.		522,253		1,874,453
	Bet Shemesh Engines Holdings 1997 Ltd.		31,866		777,662
	Blue Square Real Estate Ltd.		36,965		2,109,707
*	Brack Capital Properties NV		17,186		1,434,599
*	Camtek Ltd.		10,658		655,763
	Carasso Motors Ltd.		132,164		565,180
*	Cellcom Israel Ltd.		490,929		1,591,440
*	Ceragon Networks Ltd.		266,244		545,800
*	Clal Insurance Enterprises Holdings Ltd.		322,725		5,022,323
# *	Compugen Ltd.		113,943		105,088
	Danel Adir Yeoshua Ltd.		23,788		1,949,421
	Delek Automotive Systems Ltd.		262,734		1,619,693
	Delta Galil Ltd.		71,511		2,766,892
	Dor Alon Energy in Israel 1988 Ltd.		17,532		321,589
#	Electra Consumer Products 1970 Ltd.		41,757		891,948
	Electra Real Estate Ltd.		44,441		428,302
# *	Ellomay Capital Ltd.		2,597		39,951
*	Equital Ltd.		130,530		4,136,631
	FMS Enterprises Migun Ltd.		19,186		561,131
	Formula Systems 1985 Ltd.		64,490		4,758,698
	Formula Systems 1985 Ltd., Sponsored ADR		640		46,560
	Fox Wizel Ltd.		46,063		3,205,703
	Gav-Yam Lands Corp. Ltd.		400,293		2,546,231
*	Gilat Satellite Networks Ltd.		227,148		1,469,676
*	Hagag Group Real Estate Development		16,780		54,059
	Harel Insurance Investments & Financial Services Ltd.		101,515		804,784
	Hilan Ltd.		105,824		5,496,309
	IDI Insurance Co. Ltd.		44,135		1,032,861
*	IES Holdings Ltd.		1,354		80,013
	Ilex Medical Ltd.		4,067		73,054
	Inrom Construction Industries Ltd.		367,899		1,135,229
	Isracard Ltd.		195,974		810,308
	Israel Canada T.R Ltd.		220,206		551,681
	Israel Land Development Co. Ltd.		82,912		736,971
	Isras Investment Co. Ltd.		6,184		1,155,434
#	Issta Ltd.		16,875		310,017

The Continental Small Company Series

CONTINUED

		Shares		Value»
ISRAEL — (Continued)
# *	Kamada Ltd.		203,071	$	1,095,860
	Kardan Real Estate Enterprise & Development Ltd.		24,718		27,737
#	Kenon Holdings Ltd.		9,887		229,422
	Kerur Holdings Ltd.		33,018		719,258
	Klil Industries Ltd.		5,696		284,487
#	Lahav L.R. Real Estate Ltd.		9,407		9,212
	Levinstein Properties Ltd.		377		6,726
	M Yochananof & Sons Ltd.		5,479		222,981
	Magic Software Enterprises Ltd.		147,260		1,670,404
	Malam - Team Ltd.		10,222		168,562
#	Matrix IT Ltd.		222,812		4,560,423
	Max Stock Ltd.		7,391		13,925
#	Maytronics Ltd.		168,969		1,781,630
	Mediterranean Towers Ltd.		411,348		924,005
#	Mega Or Holdings Ltd.		85,860		1,534,684
*	Mehadrin Ltd.		1,666		65,093
	Meitav Investment House Ltd.		154,313		583,014
	Menora Mivtachim Holdings Ltd.		186,995		4,361,994
	Meshulam Levinstein Contracting & Engineering Ltd.		310		22,761
	Migdal Insurance & Financial Holdings Ltd.		2,081,158		2,558,812
# *	Mivtach Shamir Holdings Ltd.		30,255		784,959
	Mizrahi Tefahot Bank Ltd.		1		38
#	Naphtha Israel Petroleum Corp. Ltd.		193,707		1,110,549
	Nawi Brothers Ltd.		68,328		484,466
*	Neto Malinda Trading Ltd.		4,663		54,991
*	Neto ME Holdings Ltd.		12,167		204,007
	Novolog Ltd.		200,415		93,870
	Oil Refineries Ltd.		11,155,944		3,679,344
	One Software Technologies Ltd.		51,647		651,784
	Palram Industries 1990 Ltd.		1,112		9,553
*	Partner Communications Co. Ltd.		756,721		2,979,622
*	Paz Oil Co. Ltd.		61,298		5,047,370
*	Perion Network Ltd.		65,171		2,005,237
	Plasson Industries Ltd.		20,677		858,399
	Prashkovsky Investments & Construction Ltd.		10,063		223,433
*	Priortech Ltd.		9,623		280,654
	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		51,979		2,972,072
	Retailors Ltd.		1,167		22,951
*	Scope Metals Group Ltd.		47,550		1,494,867
*	Shikun & Binui Ltd.		26,345		71,154
*	Shufersal Ltd.		8,760		40,681
	Summit Real Estate Holdings Ltd.		215,385		2,759,063
	Suny Cellular Communication Ltd.		312,529		78,427
#	Tadiran Group Ltd.		16,406		1,159,101
Ω	Tamar Petroleum Ltd.		38,322		165,556
*	Tel Aviv Stock Exchange Ltd.		20,544		118,538
*	Tera Light Ltd.		45,638		81,332
	Tiv Taam Holdings 1 Ltd.		39,749		65,357
#	Victory Supermarket Chain Ltd.		5,213		45,779
	YH Dimri Construction & Development Ltd.		19,183		1,248,930
TOTAL ISRAEL					111,387,577
ITALY — (10.2%)
	A2A SpA		9,515,032		16,911,054
	ACEA SpA		264,496		2,876,692
# *	Aeffe SpA		177,250		163,144
	Amplifon SpA		142,145		4,207,642
Ω	Anima Holding SpA		1,683,882		7,039,492
#	Aquafil SpA		83,333		224,193

The Continental Small Company Series

CONTINUED

		Shares		Value»
ITALY — (Continued)
	Arnoldo Mondadori Editore SpA		1,088,121	$	2,459,662
	Ascopiave SpA		432,784		906,678
# *	Avio SpA		88,134		756,036
	Azimut Holding SpA		751,074		16,344,529
	Banca Generali SpA		447,354		15,777,548
	Banca IFIS SpA		241,396		4,161,566
	Banca Mediolanum SpA		879,592		7,495,348
*	Banca Monte dei Paschi di Siena SpA		1,255,181		3,176,125
	Banca Popolare di Sondrio SPA		2,658,037		13,641,523
#	Banca Profilo SpA		1,711,765		374,272
Ω	Banca Sistema SpA		335,410		393,472
	Banco BPM SpA		9,876,720		47,037,925
	Banco di Desio e della Brianza SpA		241,954		843,885
Ω	BFF Bank SpA		624,229		6,226,871
	Biesse SpA		19,786		230,407
#	BPER Banca		6,542,561		19,885,982
	Brembo SpA		861,974		10,686,024
	Brunello Cucinelli SpA		248,717		18,864,877
	Buzzi SpA		627,802		17,156,085
	Cairo Communication SpA		410,431		696,774
Ω	Carel Industries SpA		58,123		1,391,206
	Cementir Holding NV		361,114		2,859,377
*	CIR SpA-Compagnie Industriali		2,478,628		1,057,528
	Credito Emiliano SpA		550,214		4,506,490
	d'Amico International Shipping SA		273,417		1,329,743
	Danieli & C Officine Meccaniche SpA		112,465		2,346,561
	Danieli & C Officine Meccaniche SpA		101,349		2,875,061
	Datalogic SpA		19,699		126,553
	De' Longhi SpA		336,243		7,303,098
	DiaSorin SpA		21,478		1,955,842
#	Digital Bros SpA		34,830		442,469
# Ω	doValue SpA		91,134		355,061
	El.En. SpA		15,382		141,301
	Elica SpA		166,709		376,756
	Emak SpA		387,311		391,837
Ω	Enav SpA		500,259		1,850,083
	ERG SpA		281,165		6,770,467
	Esprinet SpA		220,835		1,127,554
*	Eurotech SpA		207,209		533,700
	Fila SpA		145,425		1,148,806
# *	Fincantieri SpA		2,290,874		1,138,505
# * ††	Finmatica SpA		5,960		0
	FNM SpA		1,412,345		632,396
	Gefran SpA		35,925		317,116
# *	Geox SpA		356,231		274,792
	GPI SpA		16,644		156,054
#	Gruppo MutuiOnline SpA		165,707		4,366,053
	Hera SpA		5,400,110		14,745,991
	IMMSI SpA		1,063,307		514,181
	Interpump Group SpA		384,816		17,603,120
	Iren SpA		4,354,501		8,372,497
	Italgas SpA		3,498,389		17,898,558
	Italmobiliare SpA		77,432		1,966,500
*	Iveco Group NV		1,016,713		9,471,089
	IVS Group SA		119,008		692,042
*	KME Group SpA		1,219,244		1,310,627
	Leonardo SpA		2,654,010		38,228,003
	LU-VE SpA		5,064		115,672
#	Maire Tecnimont SpA		1,232,552		5,048,543

The Continental Small Company Series

CONTINUED

		Shares		Value»
ITALY — (Continued)
# * ††	Mariella Burani Fashion Group SpA		22,744	$	0
	MFE-MediaForEurope NV, Class A		5,182,341		2,187,015
#	MFE-MediaForEurope NV, Class B		2,171,949		1,363,991
*	Newlat Food SpA		22,549		139,402
	Openjobmetis SpA agenzia per il lavoro		63,079		575,737
	Orsero SpA		19,188		290,149
Ω	OVS SpA		1,565,745		3,244,672
	Pharmanutra SpA		4,175		215,918
	Piaggio & C SpA		1,288,486		4,112,474
Ω	Pirelli & C SpA		2,472,729		11,860,080
Ω	RAI Way SpA		605,946		3,166,314
	Reply SpA		144,434		13,552,540
	Rizzoli Corriere Della Sera Mediagroup SpA		956,821		704,768
*	Sabaf SpA		61,986		1,003,733
*	Safilo Group SpA		204,731		183,077
	Salvatore Ferragamo SpA		198,294		2,622,240
	Sanlorenzo SpA		9,152		342,601
	Saras SpA		3,431,055		4,902,837
	Sesa SpA		50,736		5,315,635
*	Sogefi SpA		351,319		551,869
	SOL SpA		228,100		6,443,200
#	Spaxs SpA		215,211		1,195,648
	Tamburi Investment Partners SpA		855,369		7,571,212
Ω	Technogym SpA		881,146		6,798,179
*	Technoprobe SpA		60,079		472,222
# *	Telecom Italia SpA		43,531,809		13,576,070
# *	Tesmec SpA		313,747		37,392
	Tinexta SpA		63,796		1,040,981
*	Tod's SpA		13,614		491,838
	TXT e-solutions SpA		57,573		1,024,014
# Ω	Unieuro SpA		107,926		965,118
	Unipol Gruppo SpA		3,090,802		16,682,067
	UnipolSai Assicurazioni SpA		324,300		781,385
	Webuild SpA		1,307,308		2,319,304
	Zignago Vetro SpA		190,091		2,843,828
TOTAL ITALY					498,856,548
NETHERLANDS — (4.9%)
	Aalberts NV		673,240		24,565,483
	Acomo NV		44,521		928,403
*	AFC Ajax NV		13,955		152,323
# * Ω	Alfen NV		73,700		3,111,245
	Allfunds Group PLC		116,281		640,405
	AMG Critical Materials NV		202,999		6,092,071
	APERAM SA		309,044		8,976,687
	Arcadis NV		526,995		23,645,009
	ASR Nederland NV		215,369		8,058,490
*	Avantium NV		12,128		41,796
Ω	B&S Group Sarl		10,048		37,191
# * Ω	Basic-Fit NV		291,843		8,261,257
	BE Semiconductor Industries NV		392,853		38,423,532
	Beter Bed Holding NV		27,380		166,116
	Brunel International NV		153,882		2,112,692
	Corbion NV		389,680		7,755,718
Ω	CTP NV		97,519		1,392,988
	Flow Traders Ltd.		197,621		3,677,771
#	ForFarmers NV		214,677		561,510
*	Fugro NV		633,830		9,716,834
	IMCD NV		5,046		637,990

The Continental Small Company Series

CONTINUED

		Shares		Value»
NETHERLANDS — (Continued)
*	InPost SA		260,695	$	3,022,107
	Kendrion NV		88,118		1,204,149
	Koninklijke BAM Groep NV		1,627,674		3,453,245
	Koninklijke Heijmans NV, CVA		145,097		1,638,079
	Koninklijke Vopak NV		323,738		11,073,767
* Ω	Lucas Bols NV		24,022		265,192
	Nedap NV		33,400		2,060,590
	OCI NV		343,736		9,558,295
*	Pharming Group NV		2,698,379		3,458,669
	PostNL NV		1,966,585		4,182,001
	SBM Offshore NV		954,640		12,515,367
# *	SIF Holding NV		40,013		416,966
Ω	Signify NV		689,279		18,495,224
	Sligro Food Group NV		133,784		2,368,520
* ††	SRH NV		705,718		0
	TKH Group NV		268,330		10,603,833
*	TomTom NV		437,123		3,111,955
	Van Lanschot Kempen NV		161,411		4,329,868
*	Vivoryon Therapeutics NV		5,400		63,984
TOTAL NETHERLANDS					240,777,322
NORWAY — (2.1%)
#	2020 Bulkers Ltd.		70,025		625,351
	ABG Sundal Collier Holding ASA		1,989,504		956,707
	AF Gruppen ASA		877		10,193
# *	Akastor ASA		830,542		917,432
*	Aker BioMarine ASA		15,522		56,975
# *	Aker Carbon Capture ASA		220,317		231,546
	Aker Solutions ASA		738,517		2,971,599
	AMSC ASA		262,021		1,007,907
*	ArcticZymes Technologies ASA		77,341		221,235
	Atea ASA		374,402		4,677,999
# *	Atlantic Sapphire ASA		146		21
	Austevoll Seafood ASA		33,332		233,564
Ω	Avance Gas Holding Ltd.		19,594		210,316
*	Axactor ASA		728,395		372,748
	B2Holding ASA		1,137,357		732,771
	Belships ASA		333,876		562,566
*	BLUENORD ASA		21,277		1,031,894
	Bonheur ASA		141,934		2,967,459
	Borregaard ASA		460,313		6,773,097
	Bouvet ASA		68,110		360,102
*	BW Energy Ltd.		381,738		974,611
Ω	BW LPG Ltd.		635,864		7,998,262
	BW Offshore Ltd.		586,771		1,348,311
# *	Cadeler AS		81,548		277,115
# * Ω	Crayon Group Holding ASA		235,472		1,452,232
#	DNO ASA		3,077,532		3,027,725
Ω	Elkem ASA		254,168		514,078
	Elopak ASA		6,452		13,099
Ω	Europris ASA		1,154,131		6,434,109
	FLEX LNG Ltd.		170,645		5,087,120
	Golden Ocean Group Ltd.		13,613		106,868
	Grieg Seafood ASA		270,778		1,975,871
# *	Hexagon Composites ASA		685,189		1,752,413
# *	Hexagon Purus ASA		235,168		304,001
	Hoegh Autoliners ASA		39,226		281,433
*	Kahoot! ASA		468,064		1,511,839
Ω	Kid ASA		35,988		295,220

The Continental Small Company Series

CONTINUED

		Shares		Value»
NORWAY — (Continued)
	Kitron ASA		552,217	$	1,826,330
Ω	Klaveness Combination Carriers ASA		2,957		19,179
*	Kongsberg Automotive ASA		4,082,725		851,977
*	LINK Mobility Group Holding ASA		88,424		106,294
	Medistim ASA		2,163		43,136
*	Morrow Bank ASA		33,724		11,808
	MPC Container Ships ASA		1,434,249		2,331,294
Ω	Multiconsult ASA		2,534		31,653
# * Ω	Norske Skog ASA		259,994		1,124,965
*	Northern Ocean Ltd.		64,314		89,991
# *	Norwegian Air Shuttle ASA		842,208		668,614
*	NRC Group ASA		38,228		41,319
	Odfjell Drilling Ltd.		636,267		2,243,441
	Odfjell SE, Class A		138,332		1,243,875
	Odfjell Technology Ltd.		97,767		490,183
*	OKEA ASA		78,091		277,948
Ω	Okeanis Eco Tankers Corp.		21,309		547,172
	Olav Thon Eiendomsselskap ASA		68,497		1,056,738
*	Otello Corp. ASA		13,451		9,866
	Panoro Energy ASA		93,186		272,589
	Pareto Bank ASA		47,843		239,591
*	PGS ASA		3,713,572		3,226,742
# *	PhotoCure ASA		18,163		91,202
# * Ω	poLight ASA		5,744		7,186
	Protector Forsikring ASA		436,859		7,081,770
# *	REC Silicon ASA		1,933,238		2,879,436
Ω	Scatec ASA		174,238		1,022,572
*	SD Standard ETC PLC		271,994		47,658
#	Selvaag Bolig ASA		313,218		832,943
# * Ω	Shelf Drilling Ltd.		241,258		840,471
*	Siem Offshore, Inc.		10,249		27,409
*	Solstad Offshore ASA		37,831		95,166
	Sparebank 1 Oestlandet		26,309		327,731
	SpareBank 1 Sorost-Norge		1,788		8,523
	Stolt-Nielsen Ltd.		188,450		5,453,115
# *	Ultimovacs ASA		24,075		226,523
	Veidekke ASA		638,830		5,823,518
*	Volue ASA		168		342
	Wilh Wilhelmsen Holding ASA, Class A		68,812		2,008,018
# * Ω	XXL ASA		3,396,119		195,844
TOTAL NORWAY					101,999,921
PORTUGAL — (1.0%)
#	Altri SGPS SA		472,047		2,135,006
*	Banco Comercial Portugues SA, Class R		49,853,259		13,682,146
	Corticeira Amorim SGPS SA		119,968		1,233,194
	CTT-Correios de Portugal SA		521,757		1,914,506
# *	Greenvolt-Energias Renovaveis SA		156,250		879,955
	Ibersol SGPS SA		52,494		383,024
	Mota-Engil SGPS SA		641,747		2,319,328
	Navigator Co. SA		1,749,202		6,591,553
	NOS SGPS SA		1,242,262		4,569,829
	REN - Redes Energeticas Nacionais SGPS SA		2,925,105		7,478,295
	Sonae SGPS SA		6,718,077		6,524,714
TOTAL PORTUGAL					47,711,550
SPAIN — (6.2%)
	Acerinox SA		1,095,358		10,584,668

The Continental Small Company Series

CONTINUED

		Shares		Value»
SPAIN — (Continued)
* ††	Adveo Group International SA		84,445	$	0
Ω	Aedas Homes SA		28,849		493,199
	Alantra Partners SA		70,997		696,410
	Almirall SA		478,347		4,860,475
# *	Amper SA		5,458,953		636,392
	Applus Services SA		874,505		9,123,691
	Atresmedia Corp. de Medios de Comunicacion SA		532,026		2,055,757
	Azkoyen SA		67,253		409,470
	Banco de Sabadell SA		36,362,876		42,067,178
#	Bankinter SA		4,245,482		27,009,695
	Cia de Distribucion Integral Logista Holdings SA		418,609		10,697,480
	CIE Automotive SA		374,936		10,135,530
	Construcciones y Auxiliar de Ferrocarriles SA		125,517		3,917,053
# *	Deoleo SA		37,749		8,999
*	Distribuidora Internacional de Alimentacion SA		3,729,910		52,243
#	Ebro Foods SA		524,137		8,803,310
*	eDreams ODIGEO SA		427,530		2,919,495
	Elecnor SA		200,108		3,116,013
	Enagas SA		1,457,648		24,137,916
#	Ence Energia y Celulosa SA		820,184		2,748,007
	Ercros SA		605,801		1,925,332
	Faes Farma SA		1,863,138		6,292,640
	Fluidra SA		454,242		9,268,531
	Fomento de Construcciones y Contratas SA		82,517		1,036,983
Ω	Gestamp Automocion SA		783,964		3,268,195
Ω	Global Dominion Access SA		683,092		2,420,247
*	Grenergy Renovables SA		7,453		162,706
*	Grifols SA		242,623		3,142,428
	Grupo Catalana Occidente SA		268,886		8,656,755
#	Grupo Empresarial San Jose SA		151,317		582,982
	Iberpapel Gestion SA		47,911		826,781
	Indra Sistemas SA		876,621		12,666,878
#	Laboratorio Reig Jofre SA		15,086		38,977
	Laboratorios Farmaceuticos Rovi SA		113,531		6,144,936
#	Linea Directa Aseguradora SA Cia de Seguros y Reaseguros		3,542,605		3,272,721
	Mapfre SA		3,914,216		7,964,946
*	Melia Hotels International SA		622,154		3,772,004
# Ω	Metrovacesa SA		27,648		215,155
	Miquel y Costas & Miquel SA		185,363		2,147,824
* Ω	Neinor Homes SA		90,425		898,878
# *	Obrascon Huarte Lain SA		1,640,095		717,557
# *	Oryzon Genomics SA		35,547		76,624
#	Pharma Mar SA		41,970		1,423,005
	Prim SA		40,283		463,145
*	Promotora de Informaciones SA, Class A		1,330,083		514,458
Ω	Prosegur Cash SA		445,278		275,925
	Prosegur Compania de Seguridad SA		1,128,741		1,815,548
	Realia Business SA		1,667,905		1,868,838
	Renta 4 Banco SA		442		4,853
	Sacyr SA		2,977,673		8,739,249
*	Solaria Energia y Medio Ambiente SA		495,187		7,646,110
*	Soltec Power Holdings SA		28,469		93,029
# Ω	Talgo SA		581,978		2,161,107
*	Tecnicas Reunidas SA		272,854		2,659,212
	Tubacex SA		712,576		2,286,521
# *	Tubos Reunidos SA		34,204		20,132
Ω	Unicaja Banco SA		7,768,476		8,331,098
	Vidrala SA		129,562		11,248,021
	Viscofan SA		269,301		16,440,997

The Continental Small Company Series

CONTINUED

		Shares		Value»
SPAIN — (Continued)
	Vocento SA		352,577	$	259,026
TOTAL SPAIN					306,223,335
SWEDEN — (5.5%)
Ω	AcadeMedia AB		454,275		1,941,781
	AddLife AB, Class B		284,777		1,680,630
	Addnode Group AB		453,006		2,756,299
	AFRY AB		387,681		4,538,977
Ω	Alimak Group AB		456,763		2,780,339
	Alleima AB		94,738		496,626
	Alligo AB, Class B		137,415		1,287,779
Ω	Ambea AB		224,376		710,405
*	Annehem Fastigheter AB, Class B		142,899		219,815
	AQ Group AB		1,834		69,737
	Arise AB		10,971		35,390
	Arjo AB, Class B		1,059,316		4,093,684
#	Atrium Ljungberg AB, Class B		138,321		2,251,000
* Ω	Attendo AB		659,451		1,712,913
#	BE Group AB		1,889		14,859
	Beijer Alma AB		285,932		4,893,714
	Bergman & Beving AB		207,826		2,987,062
*	Besqab AB		65,886		161,217
	Betsson AB, Class B		887,419		9,752,614
*	Better Collective AS		85,425		1,914,385
# *	BHG Group AB		386,586		461,516
	Bilia AB, Class A		585,208		5,683,112
	Billerud Aktiebolag		51,885		480,270
*	BioInvent International AB		39,595		60,350
	Biotage AB		357,090		3,506,316
	Bjorn Borg AB		13,009		43,005
#	Bonava AB, Class B		490,505		813,633
# * Ω	Boozt AB		69,940		577,651
Ω	Bravida Holding AB		578,647		4,258,948
	Bufab AB		226,548		5,696,299
	Bulten AB		92,106		586,951
	Bure Equity AB		346,244		6,884,671
*	Byggmax Group AB		348,294		938,727
*	Camurus AB		11,751		333,658
	Catella AB		89,746		219,348
	Catena AB		189,397		6,571,732
*	Catena Media PLC		330,046		559,781
*	Cavotec SA		79,682		106,005
	Cellavision AB		42,382		595,006
	Cibus Nordic Real Estate AB		42,807		423,301
	Clas Ohlson AB, Class B		240,045		2,566,534
	Cloetta AB, Class B		1,245,468		2,080,649
	Concentric AB		339,818		5,074,314
Ω	Coor Service Management Holding AB		466,542		1,893,503
#	Corem Property Group AB, Class B		3,766,156		2,080,057
	Dedicare AB, Class B		4,184		33,940
	Dios Fastigheter AB		770,250		4,389,070
Ω	Dometic Group AB		173,379		1,095,393
	Duni AB		203,378		1,803,116
* Ω	Dustin Group AB		495,393		915,293
	Eastnine AB		126,421		1,815,386
	Elanders AB, Class B		74,315		664,913
	Electrolux Professional AB, Class B		508,322		2,621,129
* Ω	Eltel AB		206,068		128,805
# *	Enea AB		97,590		420,856

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
	Eolus Vind AB, Class B		37,209	$	272,488
	Ependion AB		93,898		1,008,151
	Ework Group AB		38,753		390,532
	Fagerhult Group AB		321,594		1,508,521
	FastPartner AB, Class A		21,544		83,786
	FastPartner AB, Class D		35		169
	Fenix Outdoor International AG		19,605		1,194,136
*	Fingerprint Cards AB, Class B		392,659		33,978
#	G5 Entertainment AB		36,503		527,023
	Granges AB		828,803		7,796,546
#	Hanza AB		36,730		226,928
	Heba Fastighets AB, Class B		269,814		590,404
	Hemnet Group AB		39,700		700,556
#	Hexatronic Group AB		146,280		592,945
	HMS Networks AB		132,898		4,841,817
* Ω	Hoist Finance AB		333,891		832,806
*	Humana AB		135,681		330,499
	IAR Systems Group AB		1,213		9,128
	Instalco AB		624,735		1,854,093
# *	International Petroleum Corp.		460,228		4,419,533
#	Intrum AB		132,234		771,596
	INVISIO AB		936		16,902
	Inwido AB		450,814		4,531,380
	JM AB		431,177		5,831,183
# *	Karnov Group AB		87,368		384,752
# *	K-fast Holding AB		9,734		12,160
	KNOW IT AB		162,436		1,882,129
	Lagercrantz Group AB, Class B		722,843		7,324,893
#	Lime Technologies AB		15,348		367,939
	Lindab International AB		580,067		8,468,584
	Loomis AB		341,004		9,177,378
# *	Maha Energy AB		148,058		113,921
*	Medcap AB		6,064		148,911
	MEKO AB		245,211		2,128,400
	MIPS AB		86,091		2,909,696
*	Modern Times Group MTG AB, Class B		518,134		3,497,191
	Momentum Group AB		137,415		1,242,453
Ω	Munters Group AB		195,522		2,507,925
	Mycronic AB		418,095		8,620,664
	NCAB Group AB		185,994		913,844
	NCC AB, Class B		410,725		4,440,306
	Nederman Holding AB		33,980		582,040
*	Net Insight AB, Class B		1,924,818		731,488
	New Wave Group AB, Class B		831,248		5,776,549
	Nilorngruppen AB, Class B		7,191		36,510
# *	Nobia AB		820,940		612,825
	Nolato AB, Class B		1,479,583		6,050,729
	Nordic Paper Holding AB		14,413		42,926
	Nordic Waterproofing Holding AB		83,900		1,248,780
*	Norion Bank AB		288,079		928,634
*	Note AB		58,972		849,407
	NP3 Fastigheter AB		175,554		2,533,398
#	Nyfosa AB		1,209,815		6,486,819
	OEM International AB, Class B		298,041		2,011,596
*	Orron Energy AB		547,443		364,869
*	Ovzon AB		1,938		3,975
*	OX2 AB		79,727		378,894
	Pandox AB		22,417		237,887
	Peab AB, Class B		343,470		1,408,977

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
	Platzer Fastigheter Holding AB, Class B		246,091	$	1,510,443
	Prevas AB, Class B		8,542		74,097
#	Pricer AB, Class B		757,103		558,973
	Proact IT Group AB		191,163		1,344,296
	Ratos AB, Class B		1,274,186		3,794,226
*	RaySearch Laboratories AB		150,558		1,139,770
	Rejlers AB		948		10,194
Ω	Resurs Holding AB		605,094		1,301,456
	Rottneros AB		672,020		664,245
	Scandi Standard AB		376,945		1,796,044
# * Ω	Scandic Hotels Group AB		996,786		3,381,195
*	Sdiptech AB, Class B		41,470		837,604
#	Sensys Gatso Group AB		43,904		252,747
# * Ω	Sinch AB		1,134,761		1,979,616
	SkiStar AB		314,203		3,208,351
	Solid Forsakring AB		86,686		468,920
	Starbreeze AB		111,577		6,106
*	Stendorren Fastigheter AB		6,293		79,239
*	Stillfront Group AB		1,528,893		2,232,291
	Storskogen Group AB, Class B		763,043		551,223
	Systemair AB		360,836		2,266,471
	Tethys Oil AB		125,374		628,748
*	TF Bank AB		5,604		76,340
	Troax Group AB		226,249		3,203,433
# *	Truecaller AB, Class B		87,525		303,932
	VBG Group AB, Class B		30,445		532,367
# *	Viaplay Group AB		99,654		318,629
	Vitec Software Group AB, Class B		53,644		2,515,992
	Vitrolife AB		36,784		492,808
	Volati AB		5,223		41,353
	XANO Industri AB, Class B		5,023		36,749
TOTAL SWEDEN					269,082,871
SWITZERLAND — (18.6%)
	Accelleron Industries AG		82,475		2,137,788
	Adecco Group AG		573,691		23,563,274
	Allreal Holding AG		123,491		19,671,415
	ALSO Holding AG		46,377		11,635,050
*	Aluflexpack AG		721		9,446
*	ams-OSRAM AG		1,424,857		6,666,662
	APG SGA SA		8,449		1,660,629
	Arbonia AG		322,452		2,954,901
*	Aryzta AG		5,995,177		10,254,055
	Ascom Holding AG		204,173		2,313,142
# *	Autoneum Holding AG		27,003		3,510,508
	Baloise Holding AG		98,975		14,329,232
	Banque Cantonale de Geneve		9,528		2,259,290
	Banque Cantonale du Jura SA		3,848		215,899
	Banque Cantonale Vaudoise		120,220		12,580,084
	Barry Callebaut AG		404		642,458
*	Basilea Pharmaceutica AG		22,135		989,222
	Belimo Holding AG		65,574		31,121,073
	Bell Food Group AG		14,480		4,302,316
	Bellevue Group AG		51,229		1,156,974
#	Berner Kantonalbank AG		31,172		8,200,026
	BKW AG		161,471		28,425,644
	Bossard Holding AG, Class A		44,925		9,847,418
	Bucher Industries AG		54,010		20,603,325
	Burckhardt Compression Holding AG		11,718		6,377,069

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
	Burkhalter Holding AG		25,486	$	2,438,350
	Bystronic AG		8,535		5,295,490
	Calida Holding AG		40,721		1,344,648
	Carlo Gavazzi Holding AG		3,115		1,150,238
	Cembra Money Bank AG		195,981		13,289,454
# *	Cicor Technologies Ltd.		15,422		758,139
	Cie Financiere Tradition SA		10,067		1,283,242
	Clariant AG		1,203,006		18,967,364
	Coltene Holding AG		26,537		1,926,391
	Comet Holding AG		39,708		8,828,540
#	COSMO Pharmaceuticals NV		11,655		507,974
	Daetwyler Holding AG		20,561		3,936,564
	DKSH Holding AG		234,221		15,843,191
*	DocMorris AG		4,404		242,752
#	dormakaba Holding AG		23,141		11,355,914
*	Dufry AG		552,791		20,987,217
	EFG International AG		675,403		7,645,023
	Emmi AG		15,822		14,917,201
	Energiedienst Holding AG		83,637		3,882,066
	Feintool International Holding AG		39,987		922,255
	Flughafen Zurich AG		145,858		27,770,798
	Forbo Holding AG		8,407		10,240,918
	Fundamenta Real Estate AG		3,191		58,203
Ω	Galenica AG		279,387		20,639,900
# *	GAM Holding AG		1,195,762		590,454
	Georg Fischer AG		626,442		35,179,958
# *	Gurit Holding AG, Class BR		28,958		2,935,107
	Helvetia Holding AG		262,788		36,708,479
	Hiag Immobilien Holding AG		22,952		1,977,848
# *	HOCHDORF Holding AG		6,697		164,740
	Huber & Suhner AG		108,834		7,846,203
	Hypothekarbank Lenzburg AG		6		27,264
	Implenia AG		98,343		3,225,558
*	Ina Invest Holding AG		28,549		530,367
	Inficon Holding AG		14,881		18,142,472
	Interroll Holding AG		4,923		13,444,894
	Intershop Holding AG		10,830		7,159,947
	Investis Holding SA		5,818		591,755
	Jungfraubahn Holding AG		18,429		3,190,163
	Kardex Holding AG		49,410		10,772,761
	Komax Holding AG		22,696		5,212,918
# *	Kudelski SA		217,692		379,070
	Landis & Gyr Group AG		94,470		6,818,130
	LEM Holding SA		3,935		8,787,184
	Liechtensteinische Landesbank AG		64,467		4,607,537
	Luzerner Kantonalbank AG		118,060		9,614,955
Ω	Medacta Group SA		10,036		1,266,968
Ω	Medmix AG		141,939		3,598,241
	Meier Tobler Group AG		45,826		2,013,047
	Metall Zug AG, Class B		1,139		1,779,942
#	Mikron Holding AG		8,692		125,398
	Mobilezone Holding AG		303,156		4,522,501
	Mobimo Holding AG		62,895		16,846,843
#	Novavest Real Estate AG		1,614		64,411
	OC Oerlikon Corp. AG		1,147,954		4,864,780
# *	Orascom Development Holding AG		93,520		583,125
#	Orell Fuessli AG		5,028		396,295
	Orior AG		38,713		3,080,279
*	Phoenix Mecano AG		4,402		1,730,254

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
#	Plazza AG, Class A		6,993	$	2,283,864
* Ω	PolyPeptide Group AG		6,130		111,475
	PSP Swiss Property AG		337,750		39,848,351
	Rieter Holding AG		14,685		1,363,774
	Romande Energie Holding SA		66,750		4,079,380
	Schaffner Holding AG		3,129		1,688,642
	Schweiter Technologies AG		6,263		3,992,893
# *	Schweizerische Nationalbank		23		116,719
* Ω	Sensirion Holding AG		34,433		2,755,767
	SFS Group AG		124,943		13,630,453
	Siegfried Holding AG		32,647		27,884,646
	SIG Group AG		50,085		1,233,864
	SKAN Group AG		2,459		208,652
	Softwareone Holding AG		175,368		3,463,584
	St Galler Kantonalbank AG		17,612		9,605,842
#	Stadler Rail AG		76,644		2,983,051
	Sulzer AG		139,983		13,350,516
	Swiss Prime Site AG		182,651		16,721,469
# *	Swiss Steel Holding AG		3,362,368		396,340
	Swissquote Group Holding SA		82,376		15,009,237
	Temenos AG		334,522		23,396,558
	Thurgauer Kantonalbank		3,152		421,365
#	Tornos Holding AG		26,632		176,043
	TX Group AG		18,616		1,880,513
	u-blox Holding AG		46,477		3,939,584
	Valiant Holding AG		111,863		11,581,687
Ω	VAT Group AG		71,846		25,637,760
	Vaudoise Assurances Holding SA		6,822		3,280,110
	Vetropack Holding AG		67,815		2,996,208
# *	Von Roll Holding AG		378,198		356,087
	Vontobel Holding AG		219,528		13,033,791
	VP Bank AG, Class A		22,715		2,178,309
	VZ Holding AG		91,061		9,483,598
*	V-ZUG Holding AG		10,820		745,902
	Walliser Kantonalbank		19,368		2,408,073
	Warteck Invest AG		56		118,134
	Ypsomed Holding AG		7,537		2,213,473
	Zehnder Group AG		82,191		4,818,074
	Zug Estates Holding AG, Class B		1,186		2,065,247
	Zuger Kantonalbank AG		704		5,968,993
TOTAL SWITZERLAND					915,866,608
UNITED STATES — (0.0%)
	ADTRAN Holdings, Inc.		182,065		1,542,072
	Noble Corp. PLC		9,077		454,187
TOTAL UNITED STATES					1,996,259
TOTAL COMMON STOCKS					4,695,706,522
PREFERRED STOCKS — (0.8%)
GERMANY — (0.8%)
	Draegerwerk AG & Co. KGaA		59,924		2,684,596
	FUCHS SE		462,258		17,919,034
	Jungheinrich AG		346,549		10,363,004
	Sixt SE		118,586		7,284,850
	STO SE & Co. KGaA		16,969		2,325,737

The Continental Small Company Series

CONTINUED

		Shares		Value»
GERMANY — (Continued)
	Villeroy & Boch AG		41,086	$	760,315
TOTAL GERMANY					41,337,536
RIGHTS/WARRANTS — (0.0%)
AUSTRIA — (0.0%)
* ††	CA Immobilien Anlagen AG		497,492		0
* ††	S Immo AG		346,922		0
*	Strabag SE		107,907		0
ITALY — (0.0%)
*	Brembo SpA		858,126		0
# *	Webuild SpA Warrants 08/02/30		116,038		0
TOTAL RIGHTS/WARRANTS					0
TOTAL INVESTMENT SECURITIES (Cost $4,233,269,025)					4,737,044,058

			Value†
SECURITIES LENDING COLLATERAL — (3.6%)
@ §	The DFA Short Term Investment Fund	15,092,320		174,587,961
TOTAL INVESTMENTS — (100.0%)
(Cost $4,407,835,429)^^			$	4,911,632,019

ADR American Depositary Receipt

»	Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
Ω	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 Fund’s Liquidity Guidelines. The liquidity determination is unaudited.
*	Non-Income Producing Securities.
#	Total or Partial Securities on Loan.
††	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, 2023, 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	$	1,267,829	$	156,746,368		—	$	158,014,197
Belgium		729,952		184,570,349		—		185,300,301
Denmark		—		316,058,828		—		316,058,828
Finland		—		241,317,254		—		241,317,254
France		—		564,745,120		—		564,745,120
Germany		6,509		683,392,611		—		683,399,120
Ireland		—		52,969,711		—		52,969,711
Israel		2,315,090		109,072,487		—		111,387,577
Italy		—		498,856,548		—		498,856,548
Netherlands		—		240,777,322		—		240,777,322
Norway		—		101,999,921		—		101,999,921
Portugal		—		47,711,550		—		47,711,550
Spain		—		306,223,335		—		306,223,335
Sweden		—		269,082,871		—		269,082,871

The Continental Small Company Series

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Switzerland	$	1,150,238	$	914,716,370		—	$	915,866,608
United States		—		1,996,259		—		1,996,259
Preferred Stocks
Germany		—		41,337,536		—		41,337,536
Securities Lending Collateral		—		174,587,961		—		174,587,961
TOTAL	$	5,469,618	$	4,906,162,401		—	$	4,911,632,019

The Canadian Small Company Series

SCHEDULE OF INVESTMENTS

September 30, 2023

(Unaudited)

		Shares		Value»
COMMON STOCKS — (88.3%)
COMMUNICATION SERVICES — (0.8%)
*	Aimia, Inc.		521,389	$	1,182,314
*	Cineplex, Inc.		28,690		200,033
	Cogeco Communications, Inc.		78,216		3,620,423
	Cogeco, Inc.		34,367		1,246,650
#	Corus Entertainment, Inc., Class B		993,121		753,112
# *	Enthusiast Gaming Holdings, Inc., Class I		9,000		2,997
#	TELUS Corp.		173,836		2,838,720
# *	WildBrain Ltd.		602,063		656,030
#	Yellow Pages Ltd.		74,205		670,344
TOTAL COMMUNICATION SERVICES					11,170,623
CONSUMER DISCRETIONARY — (3.7%)
*	Aritzia, Inc.		490,659		8,536,184
*	AutoCanada, Inc.		121,583		2,173,411
	BMTC Group, Inc.		20,581		196,984
# *	Bragg Gaming Group, Inc.		4,700		22,734
# *	Canada Goose Holdings, Inc.		119,111		1,746,167
# *	Dorel Industries, Inc., Class B		149,777		638,475
	Exco Technologies Ltd.		164,124		897,803
	Gamehost, Inc.		89,999		596,349
#	GoldMoney, Inc.		25,000		140,806
	Leon's Furniture Ltd.		167,479		2,271,278
	Linamar Corp.		252,633		12,169,908
	Martinrea International, Inc.		483,433		4,452,602
#	MTY Food Group, Inc.		108,923		4,652,814
	Park Lawn Corp.		183,840		2,528,350
	Pizza Pizza Royalty Corp.		162,278		1,651,156
#	Pollard Banknote Ltd.		49,129		900,653
Ω	Sleep Country Canada Holdings, Inc.		200,990		3,443,429
Ω	Spin Master Corp.		169,842		4,270,278
TOTAL CONSUMER DISCRETIONARY					51,289,381
CONSUMER STAPLES — (4.2%)
#	Andrew Peller Ltd., Class A		168,200		521,349
*	CareRx Corp.		2,700		3,499
	Corby Spirit & Wine Ltd.		75,467		802,870
	High Liner Foods, Inc.		106,744		864,483
Ω	Jamieson Wellness, Inc.		248,226		4,453,722
#	KP Tissue, Inc.		47,200		342,988
	Lassonde Industries, Inc., Class A		18,000		1,670,326
	Maple Leaf Foods, Inc.		453,624		8,716,795
#	North West Co., Inc.		292,056		7,353,812
#	Premium Brands Holdings Corp.		244,773		17,138,165
	Primo Water Corp.		883,547		12,202,460
	Rogers Sugar, Inc.		689,824		2,737,457
# *	SunOpta, Inc.		411,068		1,381,098
TOTAL CONSUMER STAPLES					58,189,024
ENERGY — (24.8%)
*	Advantage Energy Ltd.		1,157,456		7,899,589
	Africa Oil Corp.		1,432,330		2,878,896
*	Athabasca Oil Corp.		1,992,842		6,382,376

The Canadian Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (Continued)
	Baytex Energy Corp.		2,710,111	$	11,951,824
#	Birchcliff Energy Ltd.		1,560,817		8,894,330
*	Bonterra Energy Corp.		52,762		290,176
*	Calfrac Well Services Ltd.		18,245		75,761
#	Canacol Energy Ltd.		164,231		1,297,405
#	Cardinal Energy Ltd.		732,276		3,989,575
	CES Energy Solutions Corp.		1,447,768		4,103,741
	Crescent Point Energy Corp.		3,089,108		25,616,285
*	Crew Energy, Inc.		726,373		3,117,802
*	Denison Mines Corp.		3,434,657		5,639,083
#	Enerflex Ltd.		451,448		2,592,523
*	Energy Fuels, Inc.		66,322		544,930
	Enerplus Corp.		1,281,408		22,548,834
*	Ensign Energy Services, Inc.		752,032		1,804,988
*	Fission Uranium Corp.		1,962,000		1,328,945
#	Freehold Royalties Ltd.		727,568		7,874,286
*	Frontera Energy Corp.		271,256		2,146,882
#	Gear Energy Ltd.		227,278		147,252
#	Gibson Energy, Inc.		899,205		12,863,282
*	Gran Tierra Energy, Inc.		210,411		1,459,285
	Headwater Exploration, Inc.		1,175,779		6,198,106
	InPlay Oil Corp.		29,169		59,487
# *	Journey Energy, Inc.		22,652		90,725
*	Kelt Exploration Ltd.		1,000,756		5,341,786
#	Keyera Corp.		62,371		1,464,393
*	Kolibri Global Energy, Inc.		5,600		22,470
* ††	Lightstream Resources Ltd.		687,816		0
#	Logan Energy Corp.		436,348		324,470
*	MEG Energy Corp.		1,257,599		24,471,446
	North American Construction Group Ltd.		156,843		3,400,102
*	NuVista Energy Ltd.		1,051,851		10,067,412
# *,*	Obsidian Energy Ltd.		189,572		1,558,340
	Paramount Resources Ltd., Class A		487,473		11,574,460
	Parex Resources, Inc.		727,671		13,656,053
	Parkland Corp.		848,828		24,828,961
	Pason Systems, Inc.		440,325		4,370,021
# *	Petrus Resources Ltd.		9,700		10,212
#	Peyto Exploration & Development Corp.		1,064,787		10,732,144
	PHX Energy Services Corp.		129,423		738,471
#	Pine Cliff Energy Ltd.		189,200		200,588
#	Pipestone Energy Corp.		103,867		163,648
#	PrairieSky Royalty Ltd.		1,210,467		22,244,253
*	Precision Drilling Corp.		83,515		5,598,426
# *	Questerre Energy Corp., Class A		797,460		120,360
#	Secure Energy Services, Inc.		1,822,233		10,008,361
*	Shawcor Ltd.		421,144		4,926,912
#	Spartan Delta Corp.		436,348		1,301,093
* Ω	STEP Energy Services Ltd.		31,360		97,895
#	Surge Energy, Inc.		250,145		1,705,385
#	Tamarack Valley Energy Ltd.		2,397,913		6,885,228
	TerraVest Industries, Inc.		5,000		139,886
#	Tidewater Midstream & Infrastructure Ltd.		1,358,267		1,030,013
#	Topaz Energy Corp.		320,397		5,055,113
	Total Energy Services, Inc.		266,408		1,835,878
# *	Touchstone Exploration, Inc.		28,397		21,325
	Trican Well Service Ltd.		1,315,955		4,505,203
	Vermilion Energy, Inc.		949,975		13,895,168
	Whitecap Resources, Inc.		1,461,307		12,340,287

The Canadian Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (Continued)
*	Yangarra Resources Ltd.		299,471	$	399,074
TOTAL ENERGY					346,831,205
FINANCIALS — (6.6%)
	AGF Management Ltd., Class B		351,036		1,847,898
	Alaris Equity Partners Income		131,244		1,328,625
	Canaccord Genuity Group, Inc.		482,088		2,860,761
	Canadian Western Bank		499,325		10,344,933
#	Chesswood Group Ltd.		56,542		302,223
#	CI Financial Corp.		992,058		11,291,895
	Clairvest Group, Inc.		1,900		107,712
	Definity Financial Corp.		143,565		3,963,694
	ECN Capital Corp.		693,454		1,174,264
	E-L Financial Corp. Ltd.		7,378		4,839,903
	Element Fleet Management Corp.		222,002		3,185,584
#	EQB, Inc.		145,792		8,093,294
#	Fiera Capital Corp.		347,931		1,439,626
	Firm Capital Mortgage Investment Corp.		189,321		1,377,133
	First National Financial Corp.		85,119		2,234,119
#	goeasy Ltd.		61,859		4,856,267
	Guardian Capital Group Ltd., Class A		93,214		2,951,005
#	Laurentian Bank of Canada		279,204		6,222,349
	Nuvei Corp.		109,404		1,641,060
	Onex Corp.		185,968		10,930,113
*	RF Capital Group, Inc.		17,024		64,298
#	Sprott, Inc.		130,240		3,966,897
	Timbercreek Financial Corp.		507,490		2,525,774
*	Trisura Group Ltd.		203,917		4,523,482
	VersaBank		3,400		26,659
TOTAL FINANCIALS					92,099,568
HEALTH CARE — (2.0%)
	Andlauer Healthcare Group, Inc.		87,405		2,659,635
*	Aptose Biosciences, Inc.		767		2,135
# *	Aurora Cannabis, Inc.		612,928		358,433
*	Bausch Health Cos., Inc.		1,551,673		12,755,212
# *	Canopy Growth Corp.		41,400		32,004
# *	Cronos Group, Inc.		659,166		1,317,910
*	dentalcorp Holdings Ltd.		21,273		92,406
*	Dialogue Health Technologies, Inc.		100		378
#	Extendicare, Inc.		516,549		2,308,450
#	HLS Therapeutics, Inc.		20,104		74,007
*	Knight Therapeutics, Inc.		486,291		1,611,124
	Medical Facilities Corp.		154,017		1,072,704
# *	Oncolytics Biotech, Inc.		33,485		72,997
#	Organigram Holdings, Inc.		273,484		361,816
#	Sienna Senior Living, Inc.		417,886		3,288,939
*	Viemed Healthcare, Inc.		125,447		843,529
*	Well Health Technologies Corp.		243,519		744,049
	Zenith Capital Corp.		111,820		16,292
TOTAL HEALTH CARE					27,612,020
INDUSTRIALS — (13.8%)
	ADENTRA, Inc.		26,058		588,595
	Aecon Group, Inc.		383,920		3,208,166
#	AG Growth International, Inc.		141,294		5,538,371
#	Algoma Central Corp.		48,800		528,869
*	ATS Corp.		440,839		18,792,253

The Canadian Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Badger Infrastructure Solutions Ltd.		208,038	$	5,313,336
# *	Ballard Power Systems, Inc.		1,032,613		3,790,715
	Bird Construction, Inc.		285,251		2,161,040
	Black Diamond Group Ltd.		264,735		1,403,344
*	Bombardier, Inc., Class A		13,489		471,035
*	Bombardier, Inc., Class B		454,361		15,842,840
	Boyd Group Services, Inc.		118,616		21,092,820
	Calian Group Ltd.		63,597		2,389,365
	Dexterra Group, Inc.		168,743		710,627
	Doman Building Materials Group Ltd.		389,615		2,116,958
	Exchange Income Corp.		127,407		4,206,096
	Finning International, Inc.		827,589		24,408,773
*	GDI Integrated Facility Services, Inc.		64,385		1,825,012
*	H2O Innovation, Inc.		36,000		69,177
	Hammond Power Solutions, Inc.		22,825		858,049
# *	Heroux-Devtek, Inc.		244,553		2,884,402
#	K-Bro Linen, Inc.		62,086		1,451,302
# *	Lion Electric Co.		110,662		210,655
	Magellan Aerospace Corp.		120,278		671,237
*	MDA Ltd.		124,556		1,057,339
#	Mullen Group Ltd.		564,553		5,577,987
#	NFI Group, Inc.		316,286		3,008,588
	Richelieu Hardware Ltd.		316,493		9,269,348
	Russel Metals, Inc.		354,503		9,923,213
#	Savaria Corp.		268,184		2,801,790
	SNC-Lavalin Group, Inc.		978,592		32,644,950
*	TELUS International CDA, Inc.		42,604		324,642
*	Transat AT, Inc.		24,945		71,993
	Wajax Corp.		126,759		2,626,172
#	Westport Fuel Systems, Inc.		7,388		44,643
	Westshore Terminals Investment Corp.		313,032		5,805,467
TOTAL INDUSTRIALS					193,689,169
INFORMATION TECHNOLOGY — (3.6%)
# *	Bitfarms Ltd.		206,800		222,292
# *	BlackBerry Ltd.		2,069,739		9,748,471
*	Celestica, Inc.		607,998		14,880,449
	Computer Modelling Group Ltd.		452,045		2,828,921
	Converge Technology Solutions Corp.		78,431		160,529
	Dye & Durham Ltd.		129,118		1,263,374
	Enghouse Systems Ltd.		247,481		5,462,529
	Evertz Technologies Ltd.		148,543		1,367,044
*	Kinaxis, Inc.		24,219		2,731,358
# *,*	Lightspeed Commerce, Inc.		730,860		10,255,644
#	Quarterhill, Inc.		1,275,296		1,370,832
*	Sangoma Technologies Corp.		4,200		14,595
#	Softchoice Corp.		18,332		202,047
	TECSYS, Inc.		14,563		300,213
	Vecima Networks, Inc.		6,059		79,582
TOTAL INFORMATION TECHNOLOGY					50,887,880
MATERIALS — (20.1%)
*	5N Plus, Inc.		510,150		1,314,578
	Acadian Timber Corp.		65,067		830,194
#	AirBoss of America Corp.		94,697		304,676
	Alamos Gold, Inc.,Class A		2,169,724		24,473,420
	Altius Minerals Corp.		270,402		4,371,823
# *	Americas Gold & Silver Corp.		86,596		30,922

The Canadian Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Amerigo Resources Ltd.		227,887	$	213,080
# *	Argonaut Gold, Inc.		1,641,719		676,873
*	Ascot Resources Ltd.		71,438		19,723
	B2Gold Corp.		6,776,080		19,556,095
*	Calibre Mining Corp.		231,489		221,561
*	Canfor Corp.		336,050		4,173,873
*	Canfor Pulp Products, Inc.		144,351		210,429
*	Capstone Copper Corp.		2,311,783		9,803,696
	Cascades, Inc.		499,090		4,508,621
	Centerra Gold, Inc.		1,290,885		6,310,678
	China Gold International Resources Corp. Ltd.		1,145,371		4,874,099
	Dundee Precious Metals, Inc.		1,065,481		6,589,391
*	Eldorado Gold Corp.		1,109,451		9,894,242
#	Endeavour Mining PLC		14,864		291,316
# *,*	Endeavour Silver Corp.		698,719		1,702,889
# *	Equinox Gold Corp.		1,552,505		6,551,381
*	ERO Copper Corp.		351,619		6,062,726
#	First Majestic Silver Corp.		1,470,891		7,541,860
# *	First Mining Gold Corp.		749,400		77,244
*	Foraco International SA		355,941		500,532
# *,*	Fortuna Silver Mines, Inc.		1,558,336		4,242,352
*	Freegold Ventures Ltd.		9,000		2,518
# *	Galiano Gold, Inc.		696,057		415,097
*	GoGold Resources, Inc.		180,275		160,598
* ††	Hanfeng Evergreen, Inc.		45,837		0
	Hudbay Minerals, Inc.		1,837,172		8,942,383
	i-80 Gold Corp.		9,900		15,147
*	IAMGOLD Corp.		3,012,912		6,494,911
# *	Imperial Metals Corp.		381,250		618,926
# *	Interfor Corp.		373,296		5,537,945
*	K92 Mining, Inc.		379,989		1,614,236
*	Karora Resources, Inc.		553,631		1,561,131
#	Labrador Iron Ore Royalty Corp.		338,069		8,002,149
# *,*	Largo, Inc.		70,585		200,051
# *	Lucara Diamond Corp.		1,635,773		469,686
	Lundin Gold, Inc.		378,179		4,246,074
	Lundin Mining Corp.		210,477		1,569,764
*	MAG Silver Corp.		125,976		1,306,371
*	Major Drilling Group International, Inc.		604,019		3,677,701
*	Mandalay Resources Corp.		463		662
	Methanex Corp.		339,122		15,280,622
	Neo Performance Materials, Inc.		32,055		189,510
*	New Gold, Inc.		3,347,181		3,080,417
	Newcrest Mining Ltd.		51,799		817,980
# *	Northern Dynasty Minerals Ltd.		76,877		24,904
	OceanaGold Corp.		4,732,563		9,268,263
* ††	Orbite Technologies, Inc.		73,500		0
*	Orla Mining Ltd.		562,425		1,998,962
#	Osisko Gold Royalties Ltd.		944,987		11,099,112
*	Osisko Mining, Inc.		1,209,769		2,191,078
*	PolyMet Mining Corp.		64,208		133,782
# *,*	Seabridge Gold, Inc.		329,030		3,467,283
*	SilverCrest Metals, Inc.		429,964		1,896,766
#	SSR Mining, Inc.		1,213,366		16,118,677
	Stelco Holdings, Inc.		247,737		6,845,256
	Stella-Jones, Inc.		303,588		14,599,940
# *	Taseko Mines Ltd.		1,642,585		2,055,877
*	Torex Gold Resources, Inc.		485,487		5,050,566
	Transcontinental, Inc., Class A		518,346		4,354,374

The Canadian Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Treasury Metals, Inc.		1	$	0
* ††	Trevali Mining Corp.		255,929		0
	Triple Flag Precious Metals Corp.		72,116		942,852
*	Victoria Gold Corp.		39,006		167,712
# *	Wallbridge Mining Co. Ltd.		350,615		30,976
*	Wesdome Gold Mines Ltd.		838,795		4,378,470
*	Western Copper & Gold Corp.		27,900		38,207
#	Western Forest Products, Inc.		2,021,790		1,220,591
	Winpak Ltd.		176,725		5,026,237
TOTAL MATERIALS					280,462,038
REAL ESTATE — (2.8%)
	Altus Group Ltd.		245,393		8,495,033
	Bridgemarq Real Estate Services		53,069		498,554
	Colliers International Group, Inc.		88,863		8,463,631
#	DREAM Unlimited Corp., Class A		230,298		3,116,420
	Information Services Corp.		34,305		558,174
*	Invesque, Inc.		171,766		67,848
*	Mainstreet Equity Corp.		31,349		3,069,698
	Melcor Developments Ltd.		55,340		498,702
	Morguard Corp.		25,320		1,892,126
# *	Real Matters, Inc.		51,714		236,059
#	StorageVault Canada, Inc.		369,177		1,228,551
#	Tricon Residential, Inc.		1,411,018		10,431,537
TOTAL REAL ESTATE					38,556,333
UTILITIES — (5.9%)
#	AltaGas Ltd.		21,515		412,638
*	Altius Renewable Royalties Corp.		4,704		28,919
	Atco Ltd., Class I		410,045		10,385,090
	Boralex, Inc., Class A		508,523		10,924,868
	Brookfield Infrastructure Corp.,Class A		115,329		4,076,766
#	Capital Power Corp.		687,087		19,182,285
#	Innergex Renewable Energy, Inc.		785,863		5,884,208
*	Maxim Power Corp.		61,434		206,250
	Northland Power, Inc.		182,244		2,967,964
	Polaris Renewable Energy, Inc.		110,495		1,153,557
#	Superior Plus Corp.		1,037,065		7,833,821
	TransAlta Corp.		8,389		72,984
	TransAlta Corp.		1,716,689		14,951,909
#	TransAlta Renewables, Inc.		565,349		5,115,508
TOTAL UTILITIES					83,196,767
TOTAL COMMON STOCKS Cost ($1,117,080,223)					1,233,984,008

			Value†
SECURITIES LENDING COLLATERAL — (11.7%)
@ §	The DFA Short Term Investment Fund	14,164,959		163,860,242
TOTAL INVESTMENTS — (100.0%) (Cost $1,280,925,376)			$	1,397,844,250

»	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.
Ω	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 Fund’s Liquidity Guidelines. The liquidity determination is unaudited.
††	Security valued using significant unobservable inputs (Level 3).

The Canadian Small Company Series

CONTINUED

†	See Security Valuation Note within the Notes to Schedules of Investments.
@	Security purchased with cash collateral received from Securities on Loan.
§	Affiliated Fund.

Summary of the Series' investments as of September 30, 2023, 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	$	8,331,903	$	2,838,720		—	$	11,170,623
Consumer Discretionary		51,289,381		—		—		51,289,381
Consumer Staples		58,189,024		—		—		58,189,024
Energy		346,831,205		—		—		346,831,205
Financials		91,991,856		107,712		—		92,099,568
Health Care		27,595,728		16,292		—		27,612,020
Industrials		193,689,169		—		—		193,689,169
Information Technology		50,887,880		—		—		50,887,880
Materials		280,462,038		—		—		280,462,038
Real Estate		38,556,333		—		—		38,556,333
Utilities		83,196,767		—		—		83,196,767
Securities Lending Collateral		—		163,860,242		—		163,860,242
TOTAL	$	1,231,021,284	$	166,822,966		—	$	1,397,844,250

ORGANIZATION

The DFA Investment Trust Company (the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940 (the "1940 Act") , whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At September 30, 2023, 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 Rule 2a-5 under the 1940 Act pursuant to procedures approved 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 Advisor) 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 or Level 3 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 Advisor 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 increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Series. 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 records 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. A Portfolio entering into stock index futures is subject to equity price risk from those futures contracts.

FEDERAL TAX COST

At September 30, 2023, the total cost of securities for federal income tax purposes was:

	Federal Tax Cost
The Japanese Small Company Series	$	2,846,467
The Asia Pacific Small Company Series		1,554,487
The United Kingdom Small Company Series		1,352,977
The Continental Small Company Series		4,438,622
The Canadian Small Company Series		1,317,768

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 were effective for certain reference rate-related contract modifications that occurred during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and determined the adoption of these ASUs will not have a material impact on the Series’ financial statements.

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.