Sa Funds Investment Trust NPORT-P SA International Small Company Fund (Mar 2024 report)

SA U.S. Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	FACE AMOUNT		VALUE†
YANKEE CORPORATE BONDS AND NOTES — 12.0%
Financial — 11.3%
Australia & New Zealand Banking Group Ltd., SOFR + 0.560%, 5.923%, 3/18/26 ±‡	$	13,803,000	$	13,820,544
Bank of Montreal, SOFR + 1.330%, 6.691%, 6/05/26 ‡		1,000,000		1,014,305
Bank of Nova Scotia (The), SOFR + 1.090%, 6.453%, 6/12/25 ‡		3,500,000		3,524,418
Commonwealth Bank of Australia, SOFR + 0.400%, 5.747%, 7/07/25 ±‡		1,950,000		1,951,805
Cooperatieve Rabobank UA, SOFR + 0.700%, 6.050%, 7/18/25 ‡		1,109,000		1,114,562
Cooperatieve Rabobank UA, SOFR + 0.710%, 6.071%, 3/05/27 ‡		9,500,000		9,516,537
Credit Agricole SA, SOFR + 0.870%, 6.231%, 3/11/27 ±‡		572,000		573,573
Nordea Bank Abp, 0.750%, 8/28/25 ±		680,000		639,392
Nordea Bank Abp, SOFR + 0.740%, 6.104%, 3/19/27 ±‡		9,000,000		9,018,991
Royal Bank of Canada, 5.150%, 2/01/34		2,000,000		2,003,585
Royal Bank of Canada, SOFR + 0.440%, 5.790%, 1/21/25 ‡		635,000		635,636
Royal Bank of Canada, SOFR + 0.570%, 5.922%, 4/27/26 ‡		895,000		894,733
Svenska Handelsbanken AB, SOFR + 0.910%, 6.271%, 6/10/25 ±‡		2,000,000		2,008,290
Toronto-Dominion Bank (The), SOFR + 1.080%, 6.431%, 7/17/26 ‡		1,150,000		1,161,751
Westpac Banking Corp., SOFR + 0.720%, 6.075%, 11/17/25 ‡		5,000,000		5,019,873
				52,897,995
Government — 0.4%
Svensk Exportkredit AB, SOFR + 1.000%, 6.351%, 8/03/26 ‡		1,600,000		1,624,574
Technology — 0.3%
IBM International Capital Pte. Ltd., 4.900%, 2/05/34		1,500,000		1,472,301
TOTAL YANKEE CORPORATE BONDS AND NOTES (Identified Cost $55,886,153)				55,994,870
CORPORATE BONDS AND NOTES — 22.1%
Basic Materials — 1.6%
Eastman Chemical Co., 5.625%, 2/20/34		2,300,000		2,319,801
LYB International Finance III LLC, 5.500%, 3/01/34		2,000,000		2,003,230

	FACE AMOUNT		VALUE†
Mosaic Co. (The), 5.450%, 11/15/33	$	3,000,000	$	3,003,957
				7,326,988
Consumer, Cyclical — 2.0%
American Honda Finance Corp., SOFR + 0.600%, 5.953%, 8/14/25 ‡		340,000		340,747
American Honda Finance Corp., SOFR + 0.710%, 6.057%, 1/09/26 ‡		2,000,000		2,004,960
General Motors Financial Co., Inc., SOFR + 0.620%, 5.969%, 10/15/24 ‡		1,939,000		1,939,071
Mercedes-Benz Finance North America LLC, 5.000%, 1/11/34 ±		3,000,000		2,976,413
Whirlpool Corp., 5.750%, 3/01/34		2,000,000		2,009,299
				9,270,490
Consumer, Non-cyclical — 5.5%
Ashtead Capital, Inc., 5.550%, 5/30/33 ±		1,480,000		1,456,318
BAT Capital Corp., 6.000%, 2/20/34		3,000,000		3,040,408
Cigna Group (The), 5.250%, 2/15/34		3,000,000		2,996,745
ERAC USA Finance LLC, 4.900%, 5/01/33 ±		3,000,000		2,944,989
Nestle Capital Corp., 4.875%, 3/12/34 ±		4,000,000		4,004,231
Philip Morris International, Inc., 5.250%, 2/13/34		3,000,000		2,977,601
Roche Holdings, Inc., 5.593%, 11/13/33 ±		6,000,000		6,292,941
Roche Holdings, Inc., SOFR + 0.740%, 6.093%, 11/13/26 ‡±		900,000		903,517
Tyson Foods, Inc., 5.700%, 3/15/34		1,300,000		1,316,913
				25,933,663
Energy — 0.6%
Kinder Morgan, Inc., 5.200%, 6/01/33		1,000,000		985,066
Phillips 66 Co., 5.300%, 6/30/33		2,000,000		2,013,647
				2,998,713
Financial — 7.3%
American Express Co., SOFR + 0.650%, 6.003%, 11/04/26 ‡		1,500,000		1,502,101
American Tower Corp., 5.450%, 2/15/34		2,000,000		2,005,394
Athene Holding Ltd., 5.875%, 1/15/34		2,000,000		2,006,862
Brixmor Operating Partnership LP, 5.500%, 2/15/34		2,000,000		1,974,481
Camden Property Trust, 3.500%, 9/15/24		3,000,000		2,971,395
Charles Schwab Corp. (The), SOFR + 0.520%, 5.874%, 5/13/26 ‡		3,500,000		3,500,202
Citibank NA, SOFR + 1.060%, 6.420%, 12/04/26 ‡		2,000,000		2,026,741
CNA Financial Corp., 5.125%, 2/15/34		3,000,000		2,921,055

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

SA U.S. Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	FACE AMOUNT		VALUE†
CORPORATE BONDS AND NOTES (Continued)
Financial (Continued)
Corebridge Financial, Inc., 5.750%, 1/15/34	$	1,950,000	$	1,994,975
Crown Castle, Inc., 5.800%, 3/01/34		2,000,000		2,047,865
Lincoln National Corp., 5.852%, 3/15/34		2,800,000		2,766,313
National Securities Clearing Corp., 5.150%, 5/30/25 ±		3,910,000		3,912,342
Simon Property Group LP, 6.250%, 1/15/34		1,000,000		1,069,749
State Street Corp., SOFR + 0.845%, 6.197%, 8/03/26 ‡		3,500,000		3,509,663
				34,209,138
Industrial — 1.1%
John Deere Capital Corp., SOFR + 0.560%, 5.920%, 3/07/25 ‡		4,000,000		4,012,794
Precision Castparts Corp., 3.250%, 6/15/25		1,000,000		978,546
				4,991,340
Technology — 0.6%
Intel Corp., 5.150%, 2/21/34		3,000,000		3,008,543
Utilities — 3.4%
Eversource Energy, 5.500%, 1/01/34		2,000,000		2,003,331
Interstate Power & Light Co., 5.700%, 10/15/33		3,000,000		3,077,149
National Rural Utilities Cooperative Finance Corp., SOFR + 0.800%, 6.153%, 2/05/27 ‡		3,000,000		3,007,863
NextEra Energy Capital Holdings, Inc., 5.050%, 2/28/33		3,000,000		2,974,596
Sempra, 5.500%, 8/01/33		2,000,000		2,008,440
Virginia Electric & Power Co., 5.000%, 1/15/34		3,000,000		2,949,149
				16,020,528
TOTAL CORPORATE BONDS AND NOTES (Identified Cost $103,677,644)				103,759,403
U.S. GOVERNMENT & AGENCY OBLIGATIONS — 64.1%
U.S. Treasury Securities — 64.1%
U.S. Treasury Floating Rate Notes, 3 mo. Treasury Money Market Yield + 0.125%, 5.425%, 7/31/25 ‡		36,000,000		35,986,271
U.S. Treasury Floating Rate Notes, 3 mo. Treasury Money Market Yield + 0.169%, 5.469%, 4/30/25 ‡		41,350,000		41,367,458
U.S. Treasury Floating Rate Notes, 3 mo. Treasury Money Market Yield + 0.170%, 5.470%, 10/31/25 ‡		24,550,000		24,559,159

	FACE AMOUNT		VALUE†
U.S. Treasury Floating Rate Notes, 3 mo. Treasury Money Market Yield + 0.245%, 5.545%, 1/31/26 ‡	$	7,000,000	$	7,007,888
U.S. Treasury Inflation-Indexed Bonds, 2.000%, 1/15/26		20,974,140		20,887,220
U.S. Treasury Inflation-Indexed Notes, 0.125%, 10/15/25		24,362,815		23,654,008
U.S. Treasury Inflation-Indexed Notes, 0.375%, 7/15/25		24,055,920		23,537,671
U.S. Treasury Inflation-Indexed Notes, 0.625%, 1/15/26		24,008,560		23,327,788
U.S. Treasury Notes, 0.250%, 5/31/25		25,000,000		23,683,594
U.S. Treasury Notes, 0.375%, 4/30/25		25,000,000		23,799,805
U.S. Treasury Notes, 2.750%, 6/30/25		4,000,000		3,897,578
U.S. Treasury Notes, 2.750%, 8/31/25		20,000,000		19,433,594
U.S. Treasury Notes, 2.875%, 6/15/25		25,000,000		24,400,879
U.S. Treasury Notes, 4.375%, 12/15/26		5,000,000		4,990,234
				300,533,147
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Identified Cost $300,807,838)				300,533,147
	SHARES
SHORT-TERM INVESTMENTS — 1.5%
Investment Company — 1.5%
State Street Institutional U.S. Government Money Market Fund 5.010%		6,937,364		6,937,364
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $6,937,364)				6,937,364
Total Investments — 99.7% (Identified Cost $467,308,999)				467,224,784
Cash and Other Assets, Less Liabilities — 0.3%				1,517,823
Net Assets — 100.0%			$	468,742,607

†	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 March 31, 2024 amounted to $50,503,346 or 10.77% of the net assets of the Fund.
‡	Floating rate or variable rate note. Rate shown is as of March 31, 2024.

Key to abbreviations:

SOFR — Secured Overnight Financing Rate

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

Portfolio Sectors as of March 31, 2024

(As a percentage of total investment excluding short-term money market investment) (Unaudited)

Sector	Percentage
Government		65.6	%
Financial		18.9	%
Consumer, Non-cyclical		5.6	%
Utilities		3.5	%
Consumer, Cyclical		2.0	%
Basic Materials		1.6	%
Industrial		1.1	%
Technology		1.0	%
Energy		0.7	%
		100.0	%

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

		FACE AMOUNT		VALUE†
BONDS AND NOTES — 98.7%
Australia — 9.9%
Australia & New Zealand Banking Group Ltd., 4.050%, 5/12/25	AUD		1,000,000	$	648,097
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.830%), 5.174%, 3/31/26 ‡	AUD		1,500,000		982,588
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.920%), 5.269%, 11/04/25 ‡	AUD		2,500,000		1,640,271
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.970%), 5.317%, 5/12/27 ‡	AUD		500,000		328,163
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 1.200%), 5.549%, 11/04/27 ‡	AUD		500,000		330,422
Australia & New Zealand Banking Group Ltd., (SOFR + 0.560%), 5.923%, 3/18/26 ‡±	USD		6,682,000		6,690,493
Commonwealth Bank of Australia, 4.200%, 8/18/25	AUD		1,700,000		1,102,861
Commonwealth Bank of Australia, (3-mo. Swap + 0.700%), 5.050%, 1/14/27 ‡	AUD		1,000,000		652,142
Commonwealth Bank of Australia, (3-mo. Swap + 0.750%), 5.090%, 8/17/26 ‡	AUD		500,000		326,830
Commonwealth Bank of Australia, (3-mo. Swap + 0.800%), 5.140%, 8/18/25 ‡	AUD		2,000,000		1,309,647
Commonwealth Bank of Australia, (3-mo. Swap + 0.900%), 5.250%, 1/13/26 ‡	AUD		6,200,000		4,066,971
Commonwealth Bank of Australia, (3-mo. Swap + 1.150%), 5.500%, 1/13/28 ‡	AUD		1,500,000		988,901
Commonwealth Bank of Australia, (SOFR + 0.400%), 5.747%, 7/07/25 ‡±	USD		3,548,000		3,551,284
Commonwealth Bank of Australia, (SOFR + 0.630%), 5.993%, 9/12/25 ‡±	USD		233,000		233,907
Commonwealth Bank of Australia, (SOFR + 0.740%), 6.103%, 3/14/25 ‡	USD		2,900,000		2,915,110
National Australia Bank Ltd., 2.900%, 2/25/27	AUD		1,000,000		622,676
National Australia Bank Ltd., 3.900%, 5/30/25	AUD		2,400,000		1,552,554
National Australia Bank Ltd., 4.951%, 1/10/34 ±	USD		2,883,000		2,877,892
National Australia Bank Ltd., (3-mo. Swap + 0.770%), 5.116%, 1/21/25 ‡	AUD		1,300,000		850,103
National Australia Bank Ltd., (3-mo. Swap + 0.780%), 5.127%, 5/12/26 ‡	AUD		1,500,000		981,548

		FACE AMOUNT		VALUE†
National Australia Bank Ltd., (3-mo. Swap + 0.900%), 5.240%, 5/30/25 ‡	AUD		5,900,000	$	3,866,953
National Australia Bank Ltd., (3-mo. Swap + 0.920%), 5.256%, 11/25/25 ‡	AUD		2,500,000		1,640,621
National Australia Bank Ltd., (3-mo. Swap + 1.200%), 5.536%, 11/25/27 ‡	AUD		500,000		330,480
National Australia Bank Ltd., (SOFR + 0.760%), 6.114%, 5/13/25 ‡±	USD		3,110,000		3,125,219
New South Wales Treasury Corp., 1.500%, 2/20/32	AUD		4,000,000		2,107,734
South Australian Government Financing Authority, 1.750%, 5/24/32	AUD		3,300,000		1,762,909
Treasury Corp. of Victoria, 2.250%, 9/15/33	AUD		6,000,000		3,198,390
Westpac Banking Corp., (3-mo. Swap + 0.690%), 5.044%, 3/17/25 ‡	AUD		3,000,000		1,961,060
Westpac Banking Corp., (3-mo. Swap + 0.700%), 5.052%, 1/25/27 ‡	AUD		1,000,000		651,801
Westpac Banking Corp., (3-mo. Swap + 0.750%), 5.088%, 2/16/26 ‡	AUD		1,000,000		654,062
Westpac Banking Corp., (3-mo. Swap + 0.800%), 5.147%, 8/11/25 ‡	AUD		6,000,000		3,928,753
Westpac Banking Corp., (3-mo. Swap + 0.950%), 5.297%, 11/11/25 ‡	AUD		1,400,000		919,042
Westpac Banking Corp., (3-mo. Swap + 0.980%), 5.318%, 2/16/28 ‡	AUD		500,000		327,873
Westpac Banking Corp., (3-mo. Swap + 1.230%), 5.577%, 11/11/27 ‡	AUD		1,500,000		992,296
					58,119,653
Canada — 14.2%
Canada Government Bonds, 1.500%, 4/01/25	CAD		24,000,000		17,185,067
Canadian Imperial Bank of Commerce, 3.300%, 5/26/25	CAD		22,000,000		15,956,955
CDP Financial, Inc., 0.875%, 6/10/25 ±	USD		10,000,000		9,514,968
CDP Financial, Inc., (SOFR + 0.400%), 5.755%, 5/19/25 ‡±	USD		5,400,000		5,408,105
CPPIB Capital, Inc., (SOFR + 1.250%), 6.611%, 3/11/26 ‡±	USD		250,000		254,669
OMERS Finance Trust, 5.500%, 11/15/33 ±	USD		2,293,000		2,411,848
Province of Alberta Canada, 2.350%, 6/01/25	CAD		5,000,000		3,598,881
Province of Alberta Canada, 4.500%, 1/24/34	USD		13,000,000		12,871,041
Province of British Columbia Canada, 2.850%, 6/18/25	CAD		10,000,000		7,233,576
Province of Quebec Canada, 5.350%, 6/01/25	CAD		7,000,000		5,212,562

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

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
Canada (Continued)
Royal Bank of Canada, 4.930%, 7/16/25	CAD		5,000,000	$	3,694,888
					83,342,560
Finland — 1.9%
Nordea Bank Abp, 2.750%, 6/12/25	NOK		68,000,000		6,116,348
Nordea Bank Abp, (SOFR + 0.740%), 6.104%, 3/19/27 ‡±	USD		5,000,000		5,010,550
					11,126,898
France — 1.4%
Agence Francaise de Developpement EPIC, 3.000%, 1/17/34	EUR		3,000,000		3,201,660
Caisse des Depots et Consignations, (SOFR + 0.340%), 5.691%, 5/03/26 ‡	USD		4,800,000		4,795,044
					7,996,704
Germany — 0.3%
Landwirtschaftliche Rentenbank, 5.375%, 4/23/24	NZD		1,000,000		597,342
NRW Bank, 1.050%, 3/31/26	AUD		2,350,000		1,432,347
					2,029,689
Netherlands — 3.0%
BNG Bank NV, 3.250%, 7/15/25	AUD		900,000		578,299
Cooperatieve Rabobank UA, 3.375%, 5/21/25	USD		11,000,000		10,794,005
Cooperatieve Rabobank UA, (3-mo. Swap + 0.880%), 5.217%, 5/22/26 ‡	AUD		700,000		457,792
Cooperatieve Rabobank UA, (SOFR + 0.700%), 6.050%, 7/18/25 ‡	USD		3,952,000		3,971,823
Cooperatieve Rabobank UA, (SOFR + 0.710%), 6.071%, 3/05/27 ‡	USD		500,000		500,870
Cooperatieve Rabobank UA, (SOFR + 0.900%), 6.248%, 10/05/26 ‡	USD		1,110,000		1,119,784
					17,422,573
New Zealand — 1.1%
New Zealand Government Bond, 0.500%, 5/15/24	NZD		4,000,000		2,376,201
New Zealand Local Government Funding Agency Bond, 2.250%, 4/15/24	NZD		6,800,000		4,058,225
					6,434,426
Norway — 2.6%
Kommunalbanken AS, (SOFR + 1.000%), 6.362%, 6/17/26 ‡	USD		15,300,000		15,527,989
Singapore — 0.7%
DBS Bank Ltd., (3-mo. Swap + 0.850%), 5.204%, 6/16/25 ‡	AUD		2,300,000		1,506,096
United Overseas Bank Ltd., (3-mo. Swap + 0.350%), 4.683%, 5/20/24 ‡	AUD		600,000		391,024

		FACE AMOUNT		VALUE†
United Overseas Bank Ltd., (3-mo. Swap + 0.590%), 4.946%, 10/27/25 ‡	AUD		3,500,000	$	2,283,805
					4,180,925
Supranational — 11.6%
Asian Development Bank, 4.800%, 1/17/33	AUD		5,000,000		3,312,988
Asian Development Bank, (SOFR + 1.000%), 6.353%, 4/06/27 ‡	USD		200,000		203,778
Asian Development Bank, (SOFR + 1.000%), 6.357%, 8/27/26 ‡	USD		2,896,000		2,937,667
Asian Development Bank, (SOFR + 1.000%), 6.362%, 6/16/26 ‡	USD		6,500,000		6,600,949
Asian Infrastructure Investment Bank (The), 1.000%, 5/06/26	AUD		1,900,000		1,155,502
Asian Infrastructure Investment Bank (The), (SOFR + 0.620%), 5.974%, 8/16/27 ‡	USD		5,000,000		5,027,376
European Bank for Reconstruction & Development, (SOFR + 0.190%), 5.539%, 4/14/26 ‡	USD		3,126,000		3,121,571
European Bank for Reconstruction & Development, (SOFR + 0.330%), 5.685%, 2/20/28 ‡	USD		10,000,000		9,991,309
European Investment Bank, 1.250%, 5/12/25	SEK		100,000,000		9,102,663
European Investment Bank, 4.550%, 6/02/33	AUD		2,170,000		1,412,584
European Investment Bank, (SOFR + 1.000%), 6.356%, 5/21/28 ‡	USD		3,800,000		3,891,687
Inter-American Development Bank, (SOFR + 0.170%), 5.532%, 9/16/26 ‡	USD		1,500,000		1,496,830
Inter-American Development Bank, (SOFR + 0.270%), 5.632%, 3/20/28 @‡	USD		2,000,000		1,993,222
Inter-American Development Bank, (SOFR + 0.350%), 5.702%, 10/05/28 ‡	USD		3,020,000		3,018,822
Inter-American Development Bank, (SOFR + 0.350%), 5.703%, 10/04/27 ‡@	USD		5,483,000		5,484,836
International Bank for Reconstruction & Development, 4.200%, 4/21/33	AUD		2,000,000		1,267,991
International Bank for Reconstruction & Development, (SOFR + 0.180%), 5.543%, 6/15/26 ‡	USD		1,500,000		1,498,992
International Bank for Reconstruction & Development, (SOFR + 0.370%), 5.718%, 1/12/27 ‡	USD		1,000,000		1,002,603

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

SA Global Fixed Income Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

		FACE AMOUNT		VALUE†
BONDS AND NOTES (Continued)
Supranational (Continued)
International Bank for Reconstruction & Development, (SOFR + 0.430%), 5.785%, 8/19/27 ‡	USD		3,650,000	$	3,667,559
International Finance Corp., 3.635%, 8/26/33	AUD		500,000		300,073
Nordic Investment Bank, 1.500%, 3/13/25	NOK		6,000,000		536,647
Nordic Investment Bank, (SOFR + 1.000%), 6.353%, 5/12/26 ‡	USD		1,050,000		1,065,445
					68,091,094
Sweden — 1.5%
Kommuninvest I Sverige AB, 1.000%, 5/12/25	SEK		13,000,000		1,179,260
Kommuninvest I Sverige AB, 1.500%, 5/12/25	SEK		10,000,000		912,291
Svensk Exportkredit AB, (SOFR + 1.000%), 6.351%, 8/03/26 ‡	USD		1,835,000		1,863,183
Svenska Handelsbanken AB, 3.650%, 6/10/25 ±	USD		5,000,000		4,912,281
					8,867,015
United States — 50.5%
BlackRock, Inc., 4.750%, 5/25/33	USD		15,000,000		14,941,314
Colgate-Palmolive Co., 3.250%, 8/15/32	USD		8,000,000		7,235,847
Mastercard, Inc., 4.850%, 3/09/33	USD		5,000,000		5,044,461
Meta Platforms, Inc., 4.950%, 5/15/33 @	USD		16,500,000		16,721,137
Morgan Stanley Bank NA, (SOFR + 1.165%), 6.517%, 10/30/26 ‡	USD		4,250,000		4,312,632
National Securities Clearing Corp., 5.150%, 5/30/25 ±	USD		3,910,000		3,912,342
Nestle Capital Corp., 4.875%, 3/12/34 ±	USD		4,000,000		4,004,231
Nestle Holdings, Inc., 5.000%, 9/12/33 ±	USD		5,000,000		5,133,420
Procter & Gamble Co. (The), 4.550%, 1/29/34	USD		8,500,000		8,461,119
Roche Holdings, Inc., 5.593%, 11/13/33 ±	USD		15,000,000		15,732,352
Roche Holdings, Inc., (SOFR + 0.740%), 6.093%, 11/13/26 ‡±	USD		1,050,000		1,054,103
Texas Instruments, Inc., 3.650%, 8/16/32	USD		3,617,000		3,361,956
Texas Instruments, Inc., 4.850%, 2/08/34	USD		4,000,000		4,021,322
U.S. Treasury Bonds, 5.250%, 2/15/29	USD		8,000,000		8,360,313
U.S. Treasury Floating Rate Notes, (3 mo. Treasury Money Market Yield + 0.169%), 5.469%, 4/30/25 ‡	USD		75,000,000		75,031,664
U.S. Treasury Inflation-Indexed Bonds, 2.000%, 1/15/26	USD		27,499,428		27,385,466
U.S. Treasury Inflation-Indexed Notes, 0.125%, 10/15/25	USD		30,542,651		29,654,050
U.S. Treasury Inflation-Indexed Notes, 0.375%, 7/15/25	USD		29,517,264		28,881,358

		FACE AMOUNT		VALUE†
U.S. Treasury Inflation-Indexed Notes, 0.625%, 1/15/26	USD		29,459,152	$	28,623,826
U.S. Treasury Notes, 3.875%, 8/15/33	USD		5,000,000		4,873,047
					296,745,960
TOTAL BONDS AND NOTES (Identified Cost $583,240,852)					579,885,486
		SHARES
SHORT-TERM INVESTMENTS — 3.5%
Investment Company — 3.1%
State Street Institutional U.S. Government Money Market Fund 5.010%			18,141,056		18,141,056
Collateral For Securities On Loan — 0.4%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%			2,149,100		2,149,100
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $20,290,156)					20,290,156
Total Investments — 102.2% (Identified Cost $603,531,008)					600,175,642
Liabilities in excess of Cash and Other Assets — (2.2%)					(12,772,454	)
Net Assets — 100.0%				$	587,403,188

†	See Note 1
‡	Floating rate or variable rate note. Rate shown is as of March 31, 2024.
±	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 March 31, 2024 amounted to $73,827,665 or 12.57% of the net assets of the Fund.
@	A portion or all of the security were held on loan. As of March 31, 2024, the market value of the securities on loan was $7,122,355.

Key to abbreviations:

AUD — Australian Dollar

CAD — Canadian Dollar

EUR — Euro Currency

GBP — British Pound

NOK — Norwegian Krone

NZD — New Zealand Dollar

SEK — Swedish Krona

SOFR — Secured Overnight Financing Rate

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 March 31, 2024 (Unaudited) (Continued)

Forward Foreign Currency Exchange Contracts sold outstanding as of March 31, 2024
Settlement Date	Currency Purchased		Currency Sold		Counterparty	Total Value		Unrealized Appreciation		Unrealized Depreciation
04/02/24	USD	23,031,458	EUR	21,014,081	State Street Bank and Trust Co.	$	22,671,039	$	360,419	$	—
04/03/24	USD	16,138,548	GBP	12,769,904	State Street Bank and Trust Co.		16,117,531		21,017		—
04/03/24	USD	13,143,273	NOK	139,521,436	State Street Bank and Trust Co.		12,851,420		291,853		—
04/05/24	USD	7,295,947	NZD	11,842,366	State Street Bank and Trust Co.		7,075,226		220,721		—
04/05/24	USD	5,659,158	SEK	58,079,957	State Street Bank and Trust Co.		5,426,436		232,722		—
04/08/24	USD	24,218,644	AUD	37,066,927	Morgan Stanley & Co., Inc.		24,157,974		60,670		—
04/09/24	USD	32,971,301	EUR	30,455,342	State Street Bank and Trust Co.		32,864,417		106,884		—
04/09/24	USD	17,757,146	EUR	16,470,063	State Street Bank and Trust Co.		17,772,876		—		(15,730	)
04/15/24	USD	19,563,901	AUD	29,556,051	State Street Bank and Trust Co.		19,266,703		297,198		—
04/15/24	USD	17,376,672	EUR	16,074,779	State Street Bank and Trust Co.		17,350,502		26,170		—
04/17/24	USD	12,800,727	AUD	19,587,404	Morgan Stanley & Co., Inc.		12,769,185		31,542		—
04/17/24	USD	2,875,741	AUD	4,407,055	State Street Bank and Trust Co.		2,872,994		2,747		—
04/17/24	USD	60,992,565	CAD	82,270,870	State Street Bank and Trust Co.		60,750,873		241,693		—
04/17/24	USD	10,974,868	CAD	14,890,786	State Street Bank and Trust Co.		10,995,730		—		(20,862	)
04/17/24	USD	19,284,070	EUR	17,861,286	Morgan Stanley & Co., Inc.		19,280,347		3,723		—
04/17/24	USD	2,398,287	SEK	25,026,687	State Street Bank and Trust Co.		2,339,375		58,912		—
04/17/24	USD	10,518,047	SEK	108,107,585	UBS AG		10,105,380		412,666		—
04/18/24	USD	3,259,499	EUR	2,990,869	State Street Bank and Trust Co.		3,228,621		30,878		—
04/29/24	USD	6,849,349	NOK	73,692,384	State Street Bank and Trust Co.		6,792,379		56,970		—
								$	2,456,785	$	(36,592	)
Forward Foreign Currency Exchange Contracts purchased outstanding as of March 31, 2024
Settlement Date	Currency Purchased		Currency Sold		Counterparty	Total Value		Unrealized Appreciation		Unrealized Depreciation
04/02/24	EUR	21,014,081	USD	22,817,312	State Street Bank and Trust Co.	$	22,671,038	$	—	$	(146,273	)
04/03/24	GBP	12,769,904	USD	16,258,171	State Street Bank and Trust Co.		16,117,531		—		(140,639	)
04/03/24	NOK	139,521,436	USD	13,044,894	State Street Bank and Trust Co.		12,851,419		—		(193,474	)
04/08/24	AUD	9,143,184	USD	6,005,939	State Street Bank and Trust Co.		5,958,973		—		(46,967	)
04/09/24	EUR	6,704,564	USD	7,234,277	State Street Bank and Trust Co.		7,234,908		631		—
04/09/24	EUR	40,220,841	USD	43,866,822	State Street Bank and Trust Co.		43,402,385		—		(464,436	)
04/15/24	EUR	16,074,779	USD	17,452,002	UBS AG		17,350,502		—		(101,500	)
04/17/24	CAD	24,721,502	USD	18,221,333	UBS AG		18,254,977		33,644		—
04/17/24	EUR	1,961,118	USD	2,117,969	State Street Bank and Trust Co.		2,116,927		—		(1,043	)
04/17/24	EUR	15,900,168	USD	17,263,830	UBS AG		17,163,420		—		(100,410	)
04/17/24	SEK	70,194,088	USD	6,789,376	State Street Bank and Trust Co.		6,561,407		—		(227,968	)
								$	34,275	$	(1,422,710	)
								$	2,491,060	$	(1,459,302	)

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

Country weightings as of March 31, 2024

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

Country	Percentage
United States		51.2	%
Canada		14.4	%
Supranational		11.7	%
Australia		10.0	%
Netherlands		3.0	%
Norway		2.7	%
Finland		1.9	%
Sweden		1.5	%
France		1.4	%
Other		2.2	%
		100.0	%

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 96.0%
Aerospace & Defense — 1.5%
Axon Enterprise, Inc. *		500	$	156,440
Boeing Co. (The) *		8,201		1,582,711
BWX Technologies, Inc.		2,913		298,932
Curtiss-Wright Corp.		801		205,008
General Dynamics Corp.		3,788		1,070,072
HEICO Corp.		574		109,634
HEICO Corp., Class A		625		96,213
Hexcel Corp.		778		56,677
Howmet Aerospace, Inc.		1,946		133,165
Huntington Ingalls Industries, Inc.		714		208,110
L3Harris Technologies, Inc.		1,449		308,782
Lockheed Martin Corp.		5,830		2,651,892
Northrop Grumman Corp.		1,620		775,429
Parsons Corp. *		540		44,793
RTX Corp.		14,657		1,429,497
Textron, Inc.		2,582		247,691
TransDigm Group, Inc.		844		1,039,470
Woodward, Inc.		1,021		157,357
				10,571,873
Air Freight & Logistics — 0.6%
CH Robinson Worldwide, Inc.		2,800		213,192
Expeditors International of Washington, Inc.		3,525		428,534
FedEx Corp.		4,796		1,389,593
GXO Logistics, Inc. *		1,934		103,972
United Parcel Service, Inc., Class B		14,911		2,216,222
				4,351,513
Automobile Components — 0.1%
Aptiv PLC *		2,924		232,896
Autoliv, Inc.		1,465		176,430
BorgWarner, Inc.		3,685		128,017
Gentex Corp.		4,249		153,474
Goodyear Tire & Rubber Co. (The) *		3,778		51,872
Lear Corp.		957		138,650
Phinia, Inc.		737		28,323
				909,662
Automobiles — 1.0%
Ford Motor Co.		30,242		401,614
General Motors Co.		9,249		419,442
Harley-Davidson, Inc.		974		42,603
Tesla, Inc. *		32,070		5,637,585
Thor Industries, Inc.		1,179		138,344
				6,639,588
Beverages — 1.7%
Brown-Forman Corp., Class A		1,202		63,646
Brown-Forman Corp., Class B		5,458		281,742
Celsius Holdings, Inc. *		1,188		98,509
Coca-Cola Co. (The)		73,733		4,510,985
Coca-Cola Consolidated, Inc.		132		111,726
Constellation Brands, Inc., Class A		1,757		477,483
Keurig Dr Pepper, Inc.		3,375		103,511
Molson Coors Beverage Co., Class B		1,400		94,150
Monster Beverage Corp. *		8,929		529,311
National Beverage Corp. *		881		41,812
PepsiCo, Inc.		32,018		5,603,470
				11,916,345
Biotechnology — 2.3%
AbbVie, Inc.		37,978		6,915,794
Alkermes PLC *		1,447		39,170
Alnylam Pharmaceuticals, Inc. *		1,198		179,041
Amgen, Inc.		12,097		3,439,419
Biogen, Inc. *		1,615		348,242

	SHARES		VALUE†
BioMarin Pharmaceutical, Inc. *		1,169	$	102,101
CRISPR Therapeutics AG *@		655		44,645
Exact Sciences Corp. *		1,421		98,134
Exelixis, Inc. *		3,578		84,906
Gilead Sciences, Inc.		23,232		1,701,744
Halozyme Therapeutics, Inc. *		3,014		122,610
Incyte Corp. *		894		50,931
Moderna, Inc. *		1,128		120,200
Neurocrine Biosciences, Inc. *		608		83,855
Regeneron Pharmaceuticals, Inc. *		1,211		1,165,575
Sarepta Therapeutics, Inc. *		702		90,881
United Therapeutics Corp. *		835		191,816
Vertex Pharmaceuticals, Inc. *		2,966		1,239,818
				16,018,882
Broadline Retail — 3.7%
Amazon.com, Inc. *		139,038		25,079,674
Dillard's, Inc., Class A @		100		47,164
eBay, Inc.		9,533		503,152
Etsy, Inc. *		1,250		85,900
Ollie's Bargain Outlet Holdings, Inc. *		691		54,983
				25,770,873
Building Products — 0.7%
A.O. Smith Corp.		1,848		165,322
Advanced Drainage Systems, Inc.		200		34,448
Allegion PLC		2,744		369,644
Builders FirstSource, Inc. *		2,521		525,755
Carlisle Cos., Inc.		1,113		436,129
Carrier Global Corp.		15,513		901,771
Fortune Brands Innovations, Inc.		2,330		197,281
Johnson Controls International PLC		580		37,886
Lennox International, Inc.		763		372,924
Masco Corp.		4,275		337,212
Owens Corning		2,233		372,464
Trane Technologies PLC		3,350		1,005,670
Trex Co., Inc. *		2,724		271,719
UFP Industries, Inc.		812		99,884
				5,128,109
Capital Markets — 2.3%
Affiliated Managers Group, Inc.		600		100,482
Ameriprise Financial, Inc.		2,269		994,820
Ares Management Corp., Class A		1,606		213,566
Bank of New York Mellon Corp. (The)		4,707		271,217
BlackRock, Inc.		1,265		1,054,631
Blackstone, Inc.		6,683		877,946
Carlyle Group, Inc. (The)		1,219		57,183
Cboe Global Markets, Inc.		1,317		241,972
Charles Schwab Corp. (The)		14,444		1,044,879
CME Group, Inc.		2,477		533,273
Coinbase Global, Inc., Class A *		739		195,924
Evercore, Inc., Class A		400		77,036
FactSet Research Systems, Inc.		757		343,973
Franklin Resources, Inc.		2,732		76,797
Goldman Sachs Group, Inc. (The)		2,257		942,726
Hamilton Lane, Inc., Class A		723		81,525
Houlihan Lokey, Inc.		916		117,422
Interactive Brokers Group, Inc., Class A		962		107,465
Intercontinental Exchange, Inc.		5,224		717,934
Invesco Ltd.		2,611		43,317
Janus Henderson Group PLC		1,850		60,847
Jefferies Financial Group, Inc.		1,620		71,442
KKR & Co., Inc.		5,286		531,666
LPL Financial Holdings, Inc.		2,186		577,541
MarketAxess Holdings, Inc.		627		137,470
Moody's Corp.		3,123		1,227,433

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Capital Markets (Continued)
Morgan Stanley		13,418	$	1,263,439
Morningstar, Inc.		304		93,744
MSCI, Inc.		1,207		676,463
Nasdaq, Inc.		4,902		309,316
Northern Trust Corp.		1,618		143,873
Raymond James Financial, Inc.		2,352		302,044
Robinhood Markets, Inc., Class A *		1,886		37,965
S&P Global, Inc.		3,317		1,411,218
SEI Investments Co.		2,631		189,169
State Street Corp.		1,628		125,877
Stifel Financial Corp.		2,529		197,692
T Rowe Price Group, Inc.		3,972		484,266
Tradeweb Markets, Inc., Class A		683		71,148
				16,006,701
Chemicals — 1.4%
Air Products & Chemicals, Inc.		3,414		827,110
Albemarle Corp. @		956		125,943
Ashland, Inc.		970		94,449
Axalta Coating Systems Ltd. *		1,604		55,162
Balchem Corp.		630		97,619
Cabot Corp.		991		91,370
Celanese Corp.		1,241		213,278
CF Industries Holdings, Inc.		2,192		182,396
Corteva, Inc.		5,428		313,033
Dow, Inc.		6,683		387,146
DuPont de Nemours, Inc.		2,632		201,795
Eastman Chemical Co.		1,476		147,925
Ecolab, Inc.		3,437		793,603
Element Solutions, Inc.		4,600		114,908
FMC Corp.		1,937		123,387
HB Fuller Co.		339		27,032
Huntsman Corp.		4,223		109,925
International Flavors & Fragrances, Inc.		2,270		195,197
Linde PLC		4,857		2,255,202
LyondellBasell Industries NV, Class A		5,133		525,003
Mosaic Co. (The)		4,221		137,014
NewMarket Corp.		82		52,039
Olin Corp.		1,800		105,840
PPG Industries, Inc.		3,241		469,621
RPM International, Inc.		2,334		277,629
Sherwin Williams Co. (The)		5,466		1,898,506
Westlake Corp.		439		67,079
				9,889,211
Commercial Banks — 2.4%
Bank of America Corp.		66,036		2,504,085
Bank OZK		1,661		75,509
BOK Financial Corp.		300		27,600
Cadence Bank		3,669		106,401
Citigroup, Inc.		6,473		409,352
Citizens Financial Group, Inc.		454		16,476
Comerica, Inc.		1,832		100,742
Commerce Bancshares, Inc.		2,503		133,160
Cullen/Frost Bankers, Inc.		956		107,617
East West Bancorp, Inc.		2,039		161,305
Fifth Third Bancorp		7,840		291,726
First Citizens Bancshares, Inc., Class A		112		183,120
First Financial Bankshares, Inc.		3,094		101,514
First Horizon Corp.		7,194		110,788

	SHARES		VALUE†
FNB Corp.		5,930	$	83,613
Home BancShares, Inc.		1,840		45,209
Huntington Bancshares, Inc.		7,352		102,560
JPMorgan Chase & Co.		37,681		7,547,504
KeyCorp		7,104		112,314
M&T Bank Corp.		522		75,920
New York Community Bancorp, Inc. @		4,753		15,305
Pinnacle Financial Partners, Inc.		1,009		86,653
PNC Financial Services Group, Inc. (The)		3,193		515,989
Popular, Inc.		1,880		165,609
Prosperity Bancshares, Inc.		1,026		67,490
Regions Financial Corp.		9,428		198,365
SouthState Corp.		400		34,012
Synovus Financial Corp.		1,811		72,549
Truist Financial Corp.		4,824		188,039
U.S. Bancorp		16,958		758,023
United Bankshares, Inc.		778		27,845
Wells Fargo & Co.		31,501		1,825,798
Western Alliance Bancorp		2,242		143,914
Wintrust Financial Corp.		600		62,634
Zions Bancorp NA		2,092		90,793
				16,549,533
Commercial Services & Supplies — 0.8%
Casella Waste Systems, Inc., Class A *		549		54,280
Cintas Corp.		1,731		1,189,249
Clean Harbors, Inc. *		770		155,009
Copart, Inc. *		9,766		565,647
MSA Safety, Inc.		600		116,154
Republic Services, Inc.		3,343		639,984
Rollins, Inc.		4,629		214,184
Stericycle, Inc. *		1,544		81,446
Tetra Tech, Inc.		640		118,214
Veralto Corp.		2,108		186,895
Waste Management, Inc.		9,583		2,042,616
				5,363,678
Communications Equipment — 0.8%
Arista Networks, Inc. *		2,688		779,466
Ciena Corp. *		2,569		127,037
Cisco Systems, Inc.		63,490		3,168,786
F5, Inc. *		769		145,795
Motorola Solutions, Inc.		2,888		1,025,182
				5,246,266
Computers & Peripherals — 5.1%
Apple, Inc.		191,328		32,808,925
Dell Technologies, Inc., Class C		3,734		426,087
Hewlett Packard Enterprise Co.		9,599		170,190
HP, Inc.		17,328		523,652
NetApp, Inc.		4,285		449,796
Pure Storage, Inc., Class A *		2,027		105,384
Seagate Technology Holdings PLC		4,475		416,399
Super Micro Computer, Inc. *		218		220,187
Western Digital Corp. *		3,176		216,730
				35,337,350
Construction & Engineering — 0.2%
AECOM		1,355		132,898
API Group Corp. *		1,855		72,846
Comfort Systems USA, Inc.		533		169,339
EMCOR Group, Inc.		745		260,899
Fluor Corp. *		831		35,135

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Construction & Engineering (Continued)
MasTec, Inc. *		1,136	$	105,932
MDU Resources Group, Inc.		3,960		99,792
Quanta Services, Inc.		1,718		446,336
Valmont Industries, Inc.		200		45,656
WillScot Mobile Mini Holdings Corp. *		1,927		89,606
				1,458,439
Construction Materials — 0.2%
Eagle Materials, Inc.		626		170,116
Martin Marietta Materials, Inc.		664		407,656
Summit Materials, Inc., Class A *		1,335		59,501
Vulcan Materials Co.		1,521		415,111
				1,052,384
Consumer Finance — 0.7%
Ally Financial, Inc.		3,311		134,393
American Express Co.		12,072		2,748,674
Capital One Financial Corp.		4,875		725,839
Credit Acceptance Corp. *		133		73,356
Discover Financial Services		6,077		796,634
FirstCash Holdings, Inc.		1,032		131,621
OneMain Holdings, Inc.		677		34,588
Synchrony Financial		2,776		119,701
				4,764,806
Consumer Staples Distribution & Retail — 2.2%
Albertsons Cos., Inc., Class A		714		15,308
BJ's Wholesale Club Holdings, Inc. *		2,341		177,097
Casey's General Stores, Inc.		508		161,773
Costco Wholesale Corp.		6,624		4,852,941
Dollar General Corp.		5,246		818,691
Dollar Tree, Inc. *		2,486		331,011
Kroger Co. (The)		17,571		1,003,831
Performance Food Group Co. *		1,336		99,719
Sprouts Farmers Market, Inc. *		1,478		95,301
Sysco Corp.		9,579		777,623
Target Corp.		11,134		1,973,056
U.S. Foods Holding Corp. *		1,600		86,352
Walgreens Boots Alliance, Inc.		3,596		77,997
Walmart, Inc.		75,498		4,542,715
				15,013,415
Containers & Packaging — 0.4%
Amcor PLC		13,861		131,818
AptarGroup, Inc.		1,483		213,389
Avery Dennison Corp.		2,232		498,294
Ball Corp.		5,664		381,527
Berry Global Group, Inc.		3,599		217,667
Crown Holdings, Inc.		3,205		254,028
Graphic Packaging Holding Co.		6,877		200,671
Greif, Inc., Class B		21		1,460
International Paper Co.		4,336		169,191
Packaging Corp. of America		1,552		294,539
Sealed Air Corp.		3,059		113,795
Silgan Holdings, Inc.		2,057		99,888
Sonoco Products Co.		1,933		111,805
Westrock Co.		1		49
				2,688,121
Distributors — 0.1%
Genuine Parts Co.		2,179		337,593
LKQ Corp.		4,303		229,823
Pool Corp.		772		311,502
				878,918

	SHARES		VALUE†
Diversified Consumer Services — 0.1%
ADT, Inc.		3,988	$	26,800
Bright Horizons Family Solutions, Inc. *		639		72,437
H&R Block, Inc.		2,885		141,682
Service Corp. International		2,981		221,220
				462,139
Diversified Telecommunication Services — 0.6%
AT&T, Inc.		65,472		1,152,307
Iridium Communications, Inc.		2,721		71,181
Verizon Communications, Inc.		69,962		2,935,606
				4,159,094
Electric Utilities — 1.5%
Alliant Energy Corp.		4,621		232,898
American Electric Power Co., Inc.		8,417		724,704
Avangrid, Inc.		833		30,355
Constellation Energy Corp.		5,321		983,587
Duke Energy Corp.		13,107		1,267,578
Edison International		6,635		469,294
Entergy Corp.		2,869		303,196
Evergy, Inc.		3,652		194,944
Eversource Energy		5,876		351,208
Exelon Corp.		15,965		599,805
FirstEnergy Corp.		8,176		315,757
IDACORP, Inc.		647		60,100
NextEra Energy, Inc.		36,253		2,316,929
NRG Energy, Inc.		5,256		355,779
OGE Energy Corp.		3,314		113,670
PG&E Corp.		2,100		35,196
Pinnacle West Capital Corp.		1,978		147,816
Portland General Electric Co.		1,411		59,262
PPL Corp.		9,200		253,276
Southern Co. (The)		17,830		1,279,124
Xcel Energy, Inc.		9,222		495,682
				10,590,160
Electrical Equipment — 0.7%
Acuity Brands, Inc.		739		198,591
AMETEK, Inc.		2,615		478,284
Atkore, Inc.		943		179,510
Eaton Corp. PLC		5,446		1,702,855
Emerson Electric Co.		6,519		739,385
Generac Holdings, Inc. *		967		121,977
Hubbell, Inc.		1,043		432,897
NEXTracker, Inc., Class A *		947		53,288
nVent Electric PLC		2,290		172,666
Regal Rexnord Corp.		1,234		222,243
Rockwell Automation, Inc.		2,184		636,265
Sensata Technologies Holding PLC		2,621		96,296
				5,034,257
Electronic Equipment, Instruments & Components — 0.7%
Amphenol Corp., Class A		8,977		1,035,497
Arrow Electronics, Inc. *		830		107,452
Avnet, Inc.		944		46,803
Badger Meter, Inc.		331		53,559
CDW Corp.		2,939		751,737
Cognex Corp.		1,711		72,581
Corning, Inc.		8,949		294,959
Fabrinet *		506		95,644
Flex Ltd. *		5,442		155,696
Insight Enterprises, Inc. *		300		55,656
IPG Photonics Corp. *		471		42,715
Jabil, Inc.		3,689		494,141
Keysight Technologies, Inc. *		2,660		415,971
Littelfuse, Inc.		380		92,093

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Electronic Equipment, Instruments & Components (Continued)
Novanta, Inc. *		661	$	115,523
TD SYNNEX Corp.		836		94,552
TE Connectivity Ltd.		3,575		519,233
Teledyne Technologies, Inc. *		373		160,136
Trimble, Inc. *		1,892		121,769
Vontier Corp.		3,024		137,169
Zebra Technologies Corp., Class A *		573		172,725
				5,035,611
Energy Equipment & Services — 0.3%
Baker Hughes Co.		3,464		116,044
ChampionX Corp.		3,461		124,215
Halliburton Co.		12,219		481,673
NOV, Inc.		4,002		78,119
Schlumberger NV		12,666		694,224
TechnipFMC PLC		4,963		124,621
Weatherford International PLC *		977		112,765
				1,731,661
Entertainment — 1.0%
Atlanta Braves Holdings, Inc., Class C *		58		2,265
Electronic Arts, Inc.		2,838		376,517
Endeavor Group Holdings, Inc., Class A		1,972		50,740
Liberty Media Corp.-Liberty Formula One, Class A *		315		18,503
Liberty Media Corp.-Liberty Formula One, Class C *		1,723		113,029
Liberty Media Corp.-Liberty Live, Class A *		328		13,891
Liberty Media Corp.-Liberty Live, Class C *		367		16,082
Live Nation Entertainment, Inc. *		2,466		260,829
Madison Square Garden Sports Corp. *		279		51,481
Netflix, Inc. *		4,747		2,882,996
ROBLOX Corp., Class A *		2,017		77,009
Spotify Technology SA *		572		150,951
Take-Two Interactive Software, Inc. *		2,052		304,701
TKO Group Holdings, Inc.		628		54,265
Walt Disney Co. (The)		16,521		2,021,510
Warner Bros Discovery, Inc. *		12,527		109,361
Warner Music Group Corp., Class A		1,467		48,440
				6,552,570
Financial Services — 4.3%
Apollo Global Management, Inc.		5,734		644,788
Berkshire Hathaway, Inc., Class B *		15,538		6,534,040
Block, Inc. *		2,826		239,023
Corpay, Inc. *		1,396		430,722
Equitable Holdings, Inc.		7,584		288,268
Essent Group Ltd.		700		41,657
Euronet Worldwide, Inc. *		911		100,146
Fidelity National Information Services, Inc.		5,567		412,960
Fiserv, Inc. *		5,324		850,882
Global Payments, Inc.		3,102		414,613
Jack Henry & Associates, Inc.		1,300		225,849
MasterCard, Inc., Class A		18,596		8,955,276
MGIC Investment Corp.		4,400		98,384
PayPal Holdings, Inc. *		9,049		606,193
Rocket Cos, Inc., Class A *@		3,544		51,565
Shift4 Payments, Inc., Class A *		780		51,535
Toast, Inc., Class A *		2,632		65,589
Visa, Inc., Class A		32,889		9,178,662

	SHARES		VALUE†
Voya Financial, Inc.		1,519	$	112,284
Western Union Co. (The)		6,874		96,099
WEX, Inc. *		663		157,482
				29,556,017
Food Products — 0.7%
Archer-Daniels-Midland Co.		1,384		86,929
Bunge Global SA		1,401		143,631
Campbell Soup Co.		2,104		93,523
Conagra Brands, Inc.		3,575		105,963
Darling Ingredients, Inc. *		3,101		144,228
Flowers Foods, Inc.		3,652		86,735
General Mills, Inc.		8,511		595,515
Hershey Co. (The)		2,946		572,997
Hormel Foods Corp.		4,014		140,048
Ingredion, Inc.		1,387		162,071
J.M. Smucker Co. (The)		1,268		159,603
Kellanova		5,208		298,366
Kraft Heinz Co. (The)		5,057		186,603
Lamb Weston Holdings, Inc.		3,961		421,965
Lancaster Colony Corp.		261		54,191
McCormick & Co., Inc.		3,138		241,030
Mondelez International, Inc., Class A		11,759		823,130
Pilgrim's Pride Corp. *		1,700		58,344
Post Holdings, Inc. *		1,501		159,526
Tyson Foods, Inc., Class A		2,688		157,866
WK Kellogg Co.		1,302		24,478
				4,716,742
Gas Utilities — 0.1%
Atmos Energy Corp.		2,360		280,533
National Fuel Gas Co.		1,600		85,952
New Jersey Resources Corp.		954		40,936
Southwest Gas Holdings, Inc.		1,343		102,243
UGI Corp.		2,799		68,687
				578,351
Ground Transportation — 1.2%
Avis Budget Group, Inc.		526		64,414
CSX Corp.		37,161		1,377,558
JB Hunt Transport Services, Inc.		1,293		257,630
Knight-Swift Transportation Holdings, Inc.		2,249		123,740
Landstar System, Inc.		564		108,717
Norfolk Southern Corp.		4,052		1,032,733
Old Dominion Freight Line, Inc.		3,746		821,535
Saia, Inc. *		200		117,000
U-Haul Holding Co. *@		152		10,266
U-Haul Holding Co.		1,368		91,218
Uber Technologies, Inc. *		9,836		757,274
Union Pacific Corp.		13,822		3,399,245
XPO, Inc. *		1,934		236,006
				8,397,336
Health Care Equipment & Supplies — 1.6%
Abbott Laboratories		19,151		2,176,703
Align Technology, Inc. *		581		190,522
Baxter International, Inc.		6,069		259,389
Becton Dickinson & Co.		2,001		495,147
Boston Scientific Corp. *		10,979		751,952
Cooper Cos., Inc. (The)		1,568		159,089
Dentsply Sirona, Inc.		1,213		40,260
Dexcom, Inc. *		3,789		525,534
Edwards Lifesciences Corp. *		6,940		663,186

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Health Care Equipment & Supplies (Continued)
Envista Holdings Corp. *		1	$	21
GE HealthCare Technologies, Inc.		909		82,637
Globus Medical, Inc., Class A *		1,500		80,460
Haemonetics Corp. *		657		56,075
Hologic, Inc. *		2,522		196,615
Idexx Laboratories, Inc *		1,876		1,012,909
Insulet Corp. *		740		126,836
Intuitive Surgical, Inc. *		1,973		787,405
Masimo Corp. *		608		89,285
Medtronic PLC		9,595		836,204
Merit Medical Systems, Inc. *		769		58,252
Penumbra, Inc. *		389		86,817
ResMed, Inc.		1,763		349,127
STERIS PLC		889		199,865
Stryker Corp.		3,837		1,373,147
Teleflex, Inc.		364		82,326
Zimmer Biomet Holdings, Inc.		1,186		156,528
				10,836,291
Health Care Providers & Services — 2.4%
Acadia Healthcare Co., Inc. *		1,169		92,608
Cardinal Health, Inc.		3,943		441,222
Cencora, Inc.		2,652		644,409
Centene Corp. *		4,920		386,122
Chemed Corp.		339		217,614
Cigna Group (The)		3,269		1,187,268
Contra Abiomed, Inc. CVR *¶§		350		—
CVS Health Corp.		13,129		1,047,169
DaVita, Inc. *		1,043		143,986
Elevance Health, Inc.		2,630		1,363,760
Encompass Health Corp.		2,141		176,804
Ensign Group, Inc. (The)		687		85,477
HCA Healthcare, Inc.		3,366		1,122,662
HealthEquity, Inc. *		331		27,020
Henry Schein, Inc. *		2,345		177,094
Humana, Inc.		1,369		474,660
Laboratory Corp. of America Holdings		1,162		253,851
McKesson Corp.		1,986		1,066,184
Molina Healthcare, Inc. *		1,058		434,658
Option Care Health, Inc. *		1,563		52,423
Quest Diagnostics, Inc.		1,331		177,169
Tenet Healthcare Corp. *		1,281		134,646
UnitedHealth Group, Inc.		13,722		6,788,273
Universal Health Services, Inc., Class B		1,322		241,212
				16,736,291
Health Care Technology — 0.1%
Veeva Systems, Inc., Class A *		1,334		309,075
Hotels, Restaurants & Leisure — 2.0%
Airbnb, Inc., Class A *		2,785		459,414
Aramark		2,445		79,511
Booking Holdings, Inc.		515		1,868,358
Boyd Gaming Corp.		1,142		76,879
Caesars Entertainment, Inc. *		2,407		105,282
Chipotle Mexican Grill, Inc. *		423		1,229,564
Choice Hotels International, Inc.		777		98,174
Churchill Downs, Inc.		1,048		129,690
Darden Restaurants, Inc.		2,002		334,634
Domino's Pizza, Inc.		554		275,272
DraftKings, Inc., Class A *		2,512		114,070
Expedia Group, Inc. *		2,025		278,944
Hilton Grand Vacations, Inc. *		500		23,605
Hilton Worldwide Holdings, Inc.		3,388		722,694
Hyatt Hotels Corp., Class A		300		47,886

	SHARES		VALUE†
Las Vegas Sands Corp.		3,185	$	164,664
Marriott International, Inc., Class A		5,509		1,389,976
McDonald's Corp.		10,866		3,063,669
MGM Resorts International *		2,787		131,574
Planet Fitness, Inc., Class A *		1,127		70,584
Royal Caribbean Cruises Ltd. *		2,550		354,475
Starbucks Corp.		16,907		1,545,131
Texas Roadhouse, Inc.		1,257		194,169
Vail Resorts, Inc.		666		148,405
Wingstop, Inc.		324		118,714
Wyndham Hotels & Resorts, Inc.		1,765		135,464
Wynn Resorts Ltd.		738		75,446
Yum! Brands, Inc.		4,285		594,115
				13,830,363
Household Durables — 0.5%
DR Horton, Inc.		3,407		560,622
Garmin Ltd.		1,837		273,474
Lennar Corp., Class A		2,856		491,175
Lennar Corp., Class B		72		11,101
Mohawk Industries, Inc. *		600		78,534
NVR, Inc. *		62		502,198
PulteGroup, Inc.		4,404		531,210
Taylor Morrison Home Corp. *		1,243		77,277
Tempur Sealy International, Inc.		3,440		195,461
Toll Brothers, Inc.		1,650		213,460
TopBuild Corp. *		500		220,365
Whirlpool Corp.		1,555		186,025
				3,340,902
Household Products — 1.4%
Church & Dwight Co., Inc.		1,955		203,926
Clorox Co. (The)		2,311		353,837
Colgate-Palmolive Co.		12,032		1,083,482
Kimberly-Clark Corp.		4,641		600,313
Procter & Gamble Co. (The)		45,612		7,400,547
Reynolds Consumer Products, Inc.		878		25,076
				9,667,181
Independent Power Producers & Energy Traders — 0.1%
AES Corp. (The)		11,000		197,230
Clearway Energy, Inc., Class C		2,400		55,320
Ormat Technologies, Inc.		741		49,047
Vistra Corp.		3,161		220,163
				521,760
Industrial Conglomerates — 0.6%
3M Co.		13,151		1,394,927
General Electric Co.		2,729		479,021
Honeywell International, Inc.		12,502		2,566,036
				4,439,984
Insurance — 2.1%
Aflac, Inc.		7,013		602,136
Allstate Corp. (The)		2,506		433,563
American Financial Group, Inc.		747		101,951
American International Group, Inc.		8,089		632,317
Aon PLC, Class A		4,134		1,379,598
Arch Capital Group Ltd. *		3,373		311,800
Arthur J Gallagher & Co.		2,175		543,837
Assurant, Inc.		793		149,274
Axis Capital Holdings Ltd.		1,300		84,526
Brown & Brown, Inc.		4,399		385,088
Chubb Ltd.		3,276		848,910
Cincinnati Financial Corp.		1,150		142,796
Enstar Group Ltd. *		300		93,228
Erie Indemnity Co., Class A		506		203,194
Everest Group Ltd.		191		75,923

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Insurance (Continued)
F&G Annuities & Life, Inc. @		306	$	12,408
Fidelity National Financial, Inc.		4,510		239,481
First American Financial Corp.		2,024		123,565
Globe Life, Inc.		1,141		132,778
Hanover Insurance Group, Inc. (The)		696		94,774
Hartford Financial Services Group, Inc. (The)		4,796		494,228
Kinsale Capital Group, Inc.		257		134,858
Lincoln National Corp.		2,031		64,850
Loews Corp.		1,471		115,165
Markel Group, Inc. *		100		152,148
Marsh & McLennan Cos., Inc.		9,000		1,853,820
MetLife, Inc.		4,850		359,434
Old Republic International Corp.		2,863		87,951
Primerica, Inc.		919		232,470
Principal Financial Group, Inc.		2,619		226,046
Progressive Corp. (The)		6,652		1,375,767
Prudential Financial, Inc.		3,077		361,240
Reinsurance Group of America, Inc.		777		149,868
RenaissanceRe Holdings Ltd.		783		184,029
RLI Corp.		700		103,929
Selective Insurance Group, Inc.		829		90,502
Travelers Companies, Inc. (The)		5,151		1,185,451
Unum Group		1,700		91,222
W R Berkley Corp.		2,439		215,705
White Mountains Insurance Group Ltd.		33		59,212
Willis Towers Watson PLC		1,050		288,750
				14,417,792
Interactive Media & Services — 6.7%
Alphabet, Inc., Class A *		86,420		13,043,371
Alphabet, Inc., Class C *		87,329		13,296,714
Match Group, Inc. *		2,359		85,584
Meta Platforms, Inc., Class A		40,475		19,653,850
Pinterest, Inc., Class A *		810		28,083
Snap, Inc., Class A *		3,870		44,428
ZoomInfo Technologies, Inc. *		878		14,074
				46,166,104
IT Services — 1.7%
Accenture PLC, Class A		12,877		4,463,297
Akamai Technologies, Inc. *		2,286		248,625
Amdocs Ltd.		2,260		204,236
Cloudflare, Inc., Class A *		1,142		110,580
Cognizant Technology Solutions Corp., Class A		5,705		418,119
EPAM Systems, Inc. *		781		215,681
Gartner, Inc. *		1,713		816,536
Globant SA *		394		79,549
GoDaddy, Inc., Class A *		2,137		253,619
International Business Machines Corp.		20,148		3,847,462
MongoDB, Inc. *		284		101,854
Okta, Inc. *		1,243		130,043
Snowflake, Inc., Class A *		1,051		169,841
Twilio, Inc., Class A *		1,065		65,125
VeriSign, Inc. *		1,468		278,201
				11,402,768
Leisure Equipment & Products — 0.1%
Brunswick Corp.		1,810		174,701

	SHARES		VALUE†
Hasbro, Inc.		2,087	$	117,957
Mattel, Inc. *		4,639		91,899
Polaris, Inc.		1,034		103,524
				488,081
Life Sciences Tools & Services — 1.2%
Agilent Technologies, Inc.		3,928		571,563
Avantor, Inc. *		2,630		67,249
Bio-Rad Laboratories, Inc., Class A *		223		77,129
Bio-Techne Corp.		1,892		133,178
Bruker Corp.		2,044		192,013
Charles River Laboratories International, Inc. *		640		173,408
Danaher Corp.		6,325		1,579,479
Fortrea Holdings, Inc. *		1,510		60,611
Illumina, Inc. *		1,577		216,554
IQVIA Holdings, Inc. *		2,790		705,563
Medpace Holdings, Inc. *		500		202,075
Mettler-Toledo International, Inc. *		397		528,522
Repligen Corp. *		355		65,292
Revvity, Inc.		1,223		128,415
Thermo Fisher Scientific, Inc.		4,264		2,478,280
Waters Corp. *		1,391		478,824
West Pharmaceutical Services, Inc.		875		346,246
				8,004,401
Machinery — 2.4%
AGCO Corp.		1,297		159,557
Allison Transmission Holdings, Inc.		1,376		111,676
Caterpillar, Inc.		11,269		4,129,300
Crane Co.		1,115		150,670
Cummins, Inc.		1,605		472,913
Deere & Co.		5,503		2,260,302
Donaldson Co., Inc.		2,651		197,977
Dover Corp.		2,615		463,352
Esab Corp.		564		62,362
Federal Signal Corp.		808		68,575
Flowserve Corp.		1,775		81,082
Fortive Corp.		3,548		305,199
Franklin Electric Co., Inc.		300		32,043
Graco, Inc.		2,998		280,193
IDEX Corp.		1,004		244,996
Illinois Tool Works, Inc.		6,946		1,863,820
Ingersoll Rand, Inc.		3,972		377,142
ITT, Inc.		1,721		234,108
Lincoln Electric Holdings, Inc.		1,135		289,924
Middleby Corp. (The) *		1,043		167,704
Mueller Industries, Inc.		776		41,850
Nordson Corp.		589		161,704
Oshkosh Corp.		1,700		212,007
Otis Worldwide Corp.		5,642		560,081
PACCAR, Inc.		7,924		981,704
Parker-Hannifin Corp.		1,922		1,068,228
Pentair PLC		1,393		119,018
RBC Bearings, Inc. *		421		113,817
Snap-on, Inc.		954		282,594
Stanley Black & Decker, Inc.		1,936		189,593
Timken Co., (The)		1,513		132,282
Toro Co. (The)		1,626		148,990
Watts Water Technologies, Inc., Class A		400		85,020
Westinghouse Air Brake Technologies Corp.		1,144		166,658

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Machinery (Continued)
Xylem, Inc.		2,968	$	383,584
				16,600,025
Marine Transportation — 0.0%
Kirby Corp. *		322		30,693
Media — 0.7%
Charter Communications, Inc., Class A *		2,672		776,563
Comcast Corp., Class A		59,894		2,596,405
Fox Corp. Class A		3,686		115,261
Fox Corp. Class B		661		18,918
GCI Liberty, Inc. *§		1,444		—
Interpublic Group of Cos., Inc. (The)		6,061		197,770
Liberty Broadband Corp., Class A *		39		2,228
Liberty Broadband Corp., Class C *		1,043		59,691
New York Times Co. (The), Class A		1,641		70,924
News Corp., Class A		3,913		102,442
News Corp., Class B		1,525		41,266
Nexstar Media Group, Inc.		900		155,061
Omnicom Group, Inc.		4,831		467,448
Paramount Global, Class A		616		13,447
Paramount Global, Class B		1,143		13,453
Sirius XM Holdings, Inc. @		12,754		49,486
Trade Desk, Inc. (The), Class A *		4,830		422,239
				5,102,602
Metals & Mining — 0.4%
Alcoa Corp.		2,296		77,582
ATI, Inc. *		1,233		63,093
Cleveland-Cliffs, Inc. *		6,698		152,312
Commercial Metals Co.		2,430		142,811
Freeport-McMoRan, Inc.		16,128		758,339
Newmont Corp.		4,649		166,620
Nucor Corp.		3,651		722,533
Reliance, Inc.		664		221,895
Royal Gold, Inc.		1,115		135,818
Southern Copper Corp.		1,769		188,434
Steel Dynamics, Inc.		2,409		357,086
				2,986,523
Multi-Utilities — 0.6%
Ameren Corp.		3,328		246,139
CenterPoint Energy, Inc.		6,700		190,883
CMS Energy Corp.		5,199		313,707
Consolidated Edison, Inc.		5,063		459,771
Dominion Energy, Inc.		13,388		658,556
DTE Energy Co.		3,247		364,118
NiSource, Inc.		5,791		160,179
Public Service Enterprise Group, Inc.		8,415		561,954
Sempra		9,472		680,374
WEC Energy Group, Inc.		4,990		409,779
				4,045,460
Oil, Gas & Consumable Fuels — 3.5%
Antero Midstream Corp.		3,600		50,616
Antero Resources Corp. *		3,300		95,700
APA Corp.		5,617		193,112
Cheniere Energy, Inc.		4,227		681,731
Chesapeake Energy Corp. @		1,889		167,800
Chevron Corp.		19,502		3,076,245
Civitas Resources, Inc.		478		36,285
ConocoPhillips		20,640		2,627,059
Coterra Energy, Inc.		12,762		355,805
Devon Energy Corp.		12,088		606,576
Diamondback Energy, Inc.		2,409		477,391
DT Midstream, Inc.		1,623		99,165

	SHARES		VALUE†
EnLink Midstream LLC *		3,400	$	46,376
EOG Resources, Inc.		8,893		1,136,881
EQT Corp.		3,800		140,866
Exxon Mobil Corp.		54,648		6,352,283
Hess Corp.		4,540		692,986
HF Sinclair Corp.		2,161		130,460
Kinder Morgan, Inc.		8,265		151,580
Magnolia Oil & Gas Corp., Class A		1,900		49,305
Marathon Oil Corp.		8,798		249,335
Marathon Petroleum Corp.		6,829		1,376,043
Matador Resources Co.		1,362		90,941
Murphy Oil Corp.		1,330		60,781
New Fortress Energy, Inc. @		1,001		30,621
Occidental Petroleum Corp.		15,526		1,009,035
ONEOK, Inc.		6,698		536,979
Ovintiv, Inc.		3,582		185,906
PBF Energy, Inc., Class A		1,038		59,758
Phillips 66		3,291		537,552
Pioneer Natural Resources Co.		3,120		819,000
Range Resources Corp.		3,129		107,731
Southwestern Energy Co. *		16,772		127,132
Targa Resources Corp.		1,997		223,644
Texas Pacific Land Corp.		174		100,661
Valero Energy Corp.		6,271		1,070,397
Vitesse Energy, Inc.		190		4,509
Williams Cos., Inc. (The)		13,491		525,744
				24,283,991
Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.		1,020		85,588
Passenger Airlines — 0.1%
Alaska Air Group, Inc. *		2,503		107,604
American Airlines Group, Inc. *		10,481		160,883
Delta Air Lines, Inc.		4,487		214,793
Southwest Airlines Co.		5,800		169,302
United Airlines Holdings, Inc. *		2,884		138,086
				790,668
Personal Products — 0.3%
BellRing Brands, Inc. *		2,728		161,034
Coty, Inc., Class A *		2,516		30,091
e.l.f Beauty, Inc. *		574		112,521
Estee Lauder Companies, Inc. (The), Class A		3,525		543,379
Kenvue, Inc.		43,727		938,382
				1,785,407
Pharmaceuticals — 4.5%
Bristol-Myers Squibb Co.		35,866		1,945,013
Elanco Animal Health, Inc. *		4,517		73,537
Eli Lilly & Co.		18,033		14,028,953
Jazz Pharmaceuticals PLC *		1,092		131,498
Johnson & Johnson		37,932		6,000,463
Merck & Co., Inc.		40,422		5,333,683
Pfizer, Inc.		42,944		1,191,696
Royalty Pharma PLC, Class A		2,744		83,335
Viatris, Inc.		10,369		123,806
Zoetis, Inc.		11,289		1,910,212
				30,822,196
Professional Services — 1.1%
Alight, Inc., Class A *		4,692		46,216
Automatic Data Processing, Inc.		9,817		2,451,698
Booz Allen Hamilton Holding Corp.		3,549		526,814
Broadridge Financial Solutions, Inc.		2,485		509,077
CACI International, Inc., Class A *		457		173,125
Clarivate PLC *@		1,732		12,869

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Professional Services (Continued)
Concentrix Corp.		1,048	$	69,399
Dayforce, Inc. *@		995		65,879
Dun & Bradstreet Holdings, Inc.		2,459		24,688
Equifax, Inc.		1,421		380,146
ExlService Holdings, Inc. *		1,320		41,976
Exponent, Inc.		799		66,069
FTI Consulting, Inc. *		662		139,212
Genpact Ltd.		2,839		93,545
Insperity, Inc.		451		49,434
Jacobs Solutions, Inc.		195		29,977
KBR, Inc.		2,555		162,651
Leidos Holdings, Inc.		1,015		133,056
Maximus, Inc.		1,426		119,641
Paychex, Inc.		5,938		729,186
Paycom Software, Inc.		888		176,721
Paylocity Holding Corp. *		668		114,803
Robert Half, Inc.		2,642		209,458
Science Applications International Corp.		1,254		163,509
SS&C Technologies Holdings, Inc.		3,246		208,945
TransUnion		2,647		211,231
TriNet Group, Inc.		421		55,778
Verisk Analytics, Inc.		3,116		734,535
				7,699,638
Real Estate Management & Development — 0.1%
CBRE Group, Inc., Class A *		3,761		365,720
CoStar Group, Inc. *		2,890		279,174
Jones Lang LaSalle, Inc. *		861		167,972
Zillow Group, Inc., Class A *		436		20,867
Zillow Group, Inc., Class C *		1,159		56,536
				890,269
Semiconductors & Semiconductor Equipment — 9.7%
Advanced Micro Devices, Inc. *		15,685		2,830,986
Allegro MicroSystems, Inc. *		1,167		31,462
Amkor Technology, Inc.		2,141		69,026
Analog Devices, Inc.		4,750		939,502
Applied Materials, Inc.		17,626		3,635,010
Broadcom, Inc.		7,023		9,308,354
Cirrus Logic, Inc. *		1,237		114,497
Enphase Energy, Inc. *		1,883		227,805
Entegris, Inc.		1,797		252,550
First Solar, Inc. *		1,023		172,682
Intel Corp.		40,658		1,795,864
KLA Corp.		3,026		2,113,873
Lam Research Corp.		2,444		2,374,517
Lattice Semiconductor Corp. *		1,742		136,277
MACOM Technology Solutions Holdings, Inc. *		878		83,972
Marvell Technology, Inc.		6,428		455,617
Microchip Technology, Inc.		8,612		772,583
Micron Technology, Inc.		8,415		992,044
Monolithic Power Systems, Inc.		581		393,581
NVIDIA Corp.		34,047		30,763,507
NXP Semiconductors NV		2,249		557,235
ON Semiconductor Corp. *		6,691		492,123
Onto Innovation, Inc. *		307		55,592
Power Integrations, Inc.		846		60,531
Qorvo, Inc. *		1,637		187,977
QUALCOMM, Inc.		25,043		4,239,780

	SHARES		VALUE†
Skyworks Solutions, Inc.		1,882	$	203,858
Teradyne, Inc.		2,728		307,800
Texas Instruments, Inc.		19,702		3,432,285
Universal Display Corp.		786		132,402
Wolfspeed, Inc. *@		857		25,282
				67,158,574
Software — 8.0%
Adobe, Inc. *		8,414		4,245,704
Aspen Technology, Inc. *		364		77,634
Atlassian Corp., Class A *		1,245		242,912
Autodesk, Inc. *		2,329		606,518
Bentley Systems, Inc., Class B		2,343		122,352
Bill Holdings, Inc. *		791		54,358
Blackbaud, Inc. *		638		47,301
Cadence Design Systems, Inc. *		4,098		1,275,625
Crowdstrike Holdings, Inc., Class A *		825		264,487
Datadog, Inc., Class A *		1,407		173,905
DocuSign, Inc. *		1,359		80,929
Dolby Laboratories, Inc., Class A		938		78,576
DoubleVerify Holdings, Inc. *		540		18,986
Dropbox, Inc., Class A *		5,131		124,683
Dynatrace, Inc. *		1,205		55,960
Fair Isaac Corp. *		375		468,604
Fortinet, Inc. *		13,129		896,842
Gen Digital, Inc.		5,861		131,286
Guidewire Software, Inc. *		488		56,955
HubSpot, Inc. *		406		254,383
Intuit, Inc.		3,133		2,036,450
Manhattan Associates, Inc. *		2,113		528,736
Microsoft Corp.		77,793		32,729,071
Oracle Corp.		26,244		3,296,509
Palantir Technologies, Inc., Class A *		13,943		320,828
Palo Alto Networks, Inc. *		3,011		855,515
Procore Technologies, Inc. *		362		29,746
PTC, Inc. *		1,031		194,797
Qualys, Inc. *		503		83,936
Roper Technologies, Inc.		842		472,227
Salesforce, Inc.		7,199		2,168,195
SentinelOne, Inc., Class A *		2,184		50,909
ServiceNow, Inc. *		1,610		1,227,464
SPS Commerce, Inc. *		393		72,666
Synopsys, Inc. *		1,737		992,696
Teradata Corp. *		1,256		48,570
Tyler Technologies, Inc. *		424		180,204
Workday, Inc., Class A *		981		267,568
Zoom Video Communications, Inc., Class A *		832		54,388
Zscaler, Inc. *		705		135,804
				55,024,279
Specialty Retail — 2.7%
AutoNation, Inc. *		961		159,122
AutoZone, Inc. *		260		819,429
Bath & Body Works, Inc.		2,883		144,208
Best Buy Co., Inc.		6,478		531,390
Burlington Stores, Inc. *		571		132,580
CarMax, Inc. *		1,900		165,509
Chewy, Inc., Class A *@		1,146		18,233
Dick's Sporting Goods, Inc.		1,695		381,138
Five Below, Inc. *		1,000		181,380
Floor & Decor Holdings, Inc., Class A *		701		90,864

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

SA U.S. Core Market Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Specialty Retail (Continued)
GameStop Corp., Class A *		1,519	$	19,018
Group 1 Automotive, Inc.		214		62,537
Home Depot, Inc. (The)		18,311		7,024,099
Lithia Motors, Inc.		199		59,871
Lowe's Cos., Inc.		8,534		2,173,866
Murphy USA, Inc.		483		202,474
O'Reilly Automotive, Inc. *		884		997,930
Penske Automotive Group, Inc.		470		76,135
RH *		330		114,926
Ross Stores, Inc.		6,303		925,028
TJX Cos., Inc. (The)		25,484		2,584,587
Tractor Supply Co.		2,475		647,757
Ulta Beauty, Inc. *		984		514,514
Valvoline, Inc. *		3,289		146,591
Williams-Sonoma, Inc.		1,394		442,637
				18,615,823
Textiles, Apparel & Luxury Goods — 0.6%
Capri Holdings Ltd. *		1,085		49,151
Columbia Sportswear Co.		858		69,652
Crocs, Inc. *		1,415		203,477
Deckers Outdoor Corp. *		473		445,216
Levi Strauss & Co., Class A		2,933		58,631
Lululemon Athletica, Inc. *		2,254		880,525
NIKE, Inc., Class B		19,778		1,858,736
PVH Corp.		760		106,864
Ralph Lauren Corp.		970		182,127
Skechers U.S.A., Inc., Class A *		1,800		110,268
Tapestry, Inc.		5,352		254,113
VF Corp.		5,509		84,508
				4,303,268
Tobacco — 0.5%
Altria Group, Inc.		27,551		1,201,775
Philip Morris International, Inc.		21,397		1,960,393
				3,162,168
Trading Companies & Distributors — 0.6%
Air Lease Corp.		1,296		66,666
Applied Industrial Technologies, Inc.		374		73,884
Beacon Roofing Supply, Inc. *		1,400		137,228
Core & Main, Inc., Class A *		1,729		98,985
Fastenal Co.		10,847		836,737
Ferguson PLC		332		72,519
GATX Corp.		410		54,952
MSC Industrial Direct Co., Inc., Class A		1,100		106,744
SiteOne Landscape Supply, Inc. *		654		114,156
United Rentals, Inc.		1,530		1,103,298
Watsco, Inc.		474		204,754
WESCO International, Inc.		596		102,083
WW Grainger, Inc.		993		1,010,179
				3,982,185
Water Utilities — 0.1%
American Water Works Co., Inc.		3,475		424,680
Essential Utilities, Inc.		3,662		135,677
				560,357
Wireless Telecommunication Services — 0.2%
T-Mobile U.S., Inc.		8,733		1,425,400
TOTAL COMMON STOCKS (Identified Cost $120,461,506)				661,885,712
MUTUAL FUNDS — 3.9%
Others — 3.9%
DFA U.S. Micro Cap Portfolio		998,700		27,224,550

	SHARES		VALUE†
TOTAL MUTUAL FUNDS (Identified Cost $11,763,205)			$	27,224,550
SHORT-TERM INVESTMENTS — 0.2%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.010%		1,038,613		1,038,613
Collateral For Securities On Loan — 0.0%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%		106,741		106,741
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $1,145,354)				1,145,354
Total Investments — 100.1% (Identified Cost $133,370,065)				690,255,616
Liabilities in excess of Cash and Other Assets — (0.1%)				(599,731)
Net Assets — 100.0%			$	689,655,885

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $674,493.
¶	Contingent value rights based on future performance.
§	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:

CVR — Contingent Value Rights

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

Portfolio Sectors as of March 31, 2024

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

Sector	Percentage
Information Technology		26.1	%
Financials		15.7	%
Health Care		12.0	%
Consumer Discretionary		10.9	%
Industrials		10.7	%
Communication Services		9.2	%
Consumer Staples		6.7	%
Energy		3.8	%
Materials		2.4	%
Other		2.5	%
		100.0	%

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.9%
Aerospace & Defense — 1.9%
General Dynamics Corp.		7,826	$	2,210,767
L3Harris Technologies, Inc.		6,055		1,290,321
Northrop Grumman Corp.		2,915		1,395,294
RTX Corp.		36,091		3,519,955
Textron, Inc.		26,765		2,567,566
				10,983,903
Air Freight & Logistics — 0.8%
FedEx Corp.		16,968		4,916,308
Automobile Components — 0.4%
Aptiv PLC *		10,701		852,335
BorgWarner, Inc.		24,241		842,132
Gentex Corp.		863		31,172
Lear Corp.		4,071		589,806
				2,315,445
Automobiles — 1.1%
Ford Motor Co.		150,516		1,998,853
General Motors Co.		98,964		4,488,017
				6,486,870
Beverages — 0.4%
Constellation Brands, Inc., Class A		5,660		1,538,162
Keurig Dr Pepper, Inc.		2,705		82,962
Molson Coors Beverage Co., Class B		10,592		712,312
				2,333,436
Biotechnology — 1.7%
Biogen, Inc. *		9,693		2,090,102
Gilead Sciences, Inc.		45,490		3,332,142
Moderna, Inc. *		8,724		929,629
Regeneron Pharmaceuticals, Inc. *		3,232		3,110,768
United Therapeutics Corp. *		683		156,899
				9,619,540
Broadline Retail — 0.2%
eBay, Inc.		20,328		1,072,912
Building Products — 1.1%
Builders FirstSource, Inc. *		5,259		1,096,765
Carrier Global Corp.		571		33,192
Fortune Brands Innovations, Inc.		11,027		933,656
Johnson Controls International PLC		34,370		2,245,048
Owens Corning		12,209		2,036,461
				6,345,122
Capital Markets — 3.1%
Bank of New York Mellon Corp. (The)		52,444		3,021,823
Franklin Resources, Inc.		5,210		146,453
Goldman Sachs Group, Inc. (The)		17,696		7,391,442
Jefferies Financial Group, Inc.		6,993		308,391
Morgan Stanley		58,923		5,548,190
Northern Trust Corp.		938		83,407
Raymond James Financial, Inc.		4,361		560,040
State Street Corp.		10,112		781,860
T Rowe Price Group, Inc.		1,285		156,667
				17,998,273
Chemicals — 3.9%
Air Products & Chemicals, Inc.		5,579		1,351,624
Albemarle Corp. @		4,214		555,152
Celanese Corp.		4,202		722,156
CF Industries Holdings, Inc.		11,835		984,790
Corteva, Inc.		18,513		1,067,645
Dow, Inc.		51,700		2,994,981
DuPont de Nemours, Inc.		13,259		1,016,568
Eastman Chemical Co.		17,799		1,783,816
International Flavors & Fragrances, Inc.		9,315		800,997

	SHARES		VALUE†
Linde PLC		14,100	$	6,546,912
LyondellBasell Industries NV, Class A		21,390		2,187,769
Mosaic Co. (The)		5,998		194,695
PPG Industries, Inc.		8,879		1,286,567
Westlake Corp.		7,968		1,217,510
				22,711,182
Commercial Banks — 10.9%
Bank of America Corp.		196,564		7,453,707
Citigroup, Inc.		77,487		4,900,278
Citizens Financial Group, Inc.		18,613		675,466
East West Bancorp, Inc.		2,390		189,073
Fifth Third Bancorp		70,601		2,627,063
First Citizens Bancshares, Inc., Class A		153		250,155
Huntington Bancshares, Inc.		72,900		1,016,955
JPMorgan Chase & Co.		142,484		28,539,545
KeyCorp		33,936		536,528
M&T Bank Corp.		3,759		546,709
PNC Financial Services Group, Inc. (The)		11,566		1,869,066
Regions Financial Corp.		119,937		2,523,474
Truist Financial Corp.		64,730		2,523,175
U.S. Bancorp		40,031		1,789,386
Wells Fargo & Co.		126,013		7,303,713
Zions Bancorp NA		16,027		695,572
				63,439,865
Commercial Services & Supplies — 0.1%
Veralto Corp.		6,377		565,385
Communications Equipment — 0.6%
Cisco Systems, Inc.		66,108		3,299,450
Computers & Peripherals — 1.1%
Dell Technologies, Inc., Class C		861		98,249
Hewlett Packard Enterprise Co.		141,847		2,514,947
HP, Inc.		87,556		2,645,942
Western Digital Corp. *		15,020		1,024,965
				6,284,103
Construction & Engineering — 0.1%
Quanta Services, Inc.		1,055		274,089
Construction Materials — 0.8%
Martin Marietta Materials, Inc.		4,136		2,539,256
Vulcan Materials Co.		8,594		2,345,474
				4,884,730
Consumer Finance — 1.5%
Ally Financial, Inc.		52,963		2,149,768
Capital One Financial Corp.		28,539		4,249,172
Discover Financial Services		7,930		1,039,544
Synchrony Financial		25,544		1,101,457
				8,539,941
Consumer Staples Distribution & Retail — 2.2%
Dollar Tree, Inc. *		12,596		1,677,157
Kroger Co. (The)		64,415		3,680,029
U.S. Foods Holding Corp. *		9,124		492,422
Walgreens Boots Alliance, Inc.		44,769		971,040
Walmart, Inc.		103,128		6,205,212
				13,025,860
Containers & Packaging — 0.5%
Amcor PLC		20,769		197,513
Ball Corp.		6,731		453,400
International Paper Co.		36,643		1,429,810
Packaging Corp. of America		2,898		549,983
Sonoco Products Co.		611		35,340
				2,666,046
Distributors — 0.4%
Genuine Parts Co.		2,990		463,241

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

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Distributors (Continued)
LKQ Corp.		37,512	$	2,003,516
				2,466,757
Diversified Telecommunication Services — 2.8%
AT&T, Inc.		455,881		8,023,506
Verizon Communications, Inc.		198,247		8,318,444
				16,341,950
Electric Utilities — 0.3%
NRG Energy, Inc.		22,148		1,499,198
Electrical Equipment — 0.3%
AMETEK, Inc.		6,575		1,202,568
Eaton Corp. PLC		755		236,073
NEXTracker, Inc., Class A *		5,472		307,909
Sensata Technologies Holding PLC		1,781		65,434
				1,811,984
Electronic Equipment, Instruments & Components — 1.2%
Corning, Inc.		84,494		2,784,922
Flex Ltd. *		31,420		898,926
Keysight Technologies, Inc. *		1,184		185,154
TD SYNNEX Corp.		1,605		181,526
TE Connectivity Ltd.		19,914		2,892,309
Teledyne Technologies, Inc. *		125		53,665
				6,996,502
Energy Equipment & Services — 0.3%
Baker Hughes Co.		49,652		1,663,342
Entertainment — 1.1%
Electronic Arts, Inc.		5,250		696,518
Liberty Media Corp.-Liberty Formula One, Class A *		1,097		64,438
Liberty Media Corp.-Liberty Formula One, Class C *		2,194		143,926
Take-Two Interactive Software, Inc. *		2,974		441,609
Walt Disney Co. (The)		34,691		4,244,791
Warner Bros Discovery, Inc. *		85,934		750,204
				6,341,486
Financial Services — 3.6%
Berkshire Hathaway, Inc., Class B *		37,787		15,890,189
Fidelity National Information Services, Inc.		27,979		2,075,482
Fiserv, Inc. *		12,529		2,002,385
Global Payments, Inc.		7,128		952,729
				20,920,785
Food Products — 2.6%
Archer-Daniels-Midland Co.		24,965		1,568,052
Bunge Global SA		12,845		1,316,869
Campbell Soup Co.		3,702		164,554
Conagra Brands, Inc.		19,827		587,672
General Mills, Inc.		38,095		2,665,507
Hormel Foods Corp.		5,728		199,850
J.M. Smucker Co. (The)		13,087		1,647,261
Kraft Heinz Co. (The)		20,920		771,948
McCormick & Co., Inc.		1,921		147,552
Mondelez International, Inc., Class A		51,728		3,620,960
Post Holdings, Inc. *		973		103,411
Tyson Foods, Inc., Class A		41,844		2,457,498
				15,251,134

	SHARES		VALUE†
Ground Transportation — 1.0%
Norfolk Southern Corp.		16,359	$	4,169,418
U-Haul Holding Co. *@		2,003		135,283
U-Haul Holding Co.		18,027		1,202,040
				5,506,741
Health Care Equipment & Supplies — 2.0%
Abbott Laboratories		13,396		1,522,589
Becton Dickinson & Co.		8,851		2,190,180
Boston Scientific Corp. *		7,514		514,634
Cooper Cos., Inc. (The)		548		55,600
GE HealthCare Technologies, Inc.		23,244		2,113,112
Hologic, Inc. *		5,323		414,981
Medtronic PLC		37,706		3,286,078
STERIS PLC		3,097		696,268
Zimmer Biomet Holdings, Inc.		8,154		1,076,165
				11,869,607
Health Care Providers & Services — 4.9%
Centene Corp. *		19,196		1,506,502
Cigna Group (The)		19,065		6,924,217
CVS Health Corp.		58,448		4,661,813
Elevance Health, Inc.		13,010		6,746,205
Henry Schein, Inc. *		3,777		285,239
Humana, Inc.		7,918		2,745,329
Laboratory Corp. of America Holdings		13,769		3,007,976
Quest Diagnostics, Inc.		18,783		2,500,205
UnitedHealth Group, Inc.		187		92,509
Universal Health Services, Inc., Class B		1,221		222,784
				28,692,779
Hotels, Restaurants & Leisure — 0.5%
Aramark		16,117		524,125
Carnival Corp. *		27,865		455,314
Hyatt Hotels Corp., Class A		3,174		506,634
MGM Resorts International *		26,967		1,273,112
				2,759,185
Household Durables — 3.2%
DR Horton, Inc.		46,332		7,623,931
Garmin Ltd.		12,982		1,932,630
Lennar Corp., Class A		23,116		3,975,490
Lennar Corp., Class B		573		88,345
NVR, Inc. *		15		121,499
PulteGroup, Inc.		41,840		5,046,741
				18,788,636
Independent Power Producers & Energy Traders — 0.3%
Vistra Corp.		25,467		1,773,777
Industrial Conglomerates — 0.4%
General Electric Co.		11,962		2,099,690
Insurance — 5.0%
Aflac, Inc.		32,730		2,810,198
American International Group, Inc.		29,118		2,276,154
Arch Capital Group Ltd. *		18,837		1,741,292
Chubb Ltd.		11,440		2,964,447
Cincinnati Financial Corp.		370		45,943
Everest Group Ltd.		1,938		770,355
F&G Annuities & Life, Inc. @		103		4,177
Fidelity National Financial, Inc.		1,515		80,446
Hartford Financial Services Group, Inc. (The)		47,472		4,891,990
Lincoln National Corp.		9,516		303,846

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

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Insurance (Continued)
Loews Corp.		15,964	$	1,249,821
Markel Group, Inc. *		116		176,492
MetLife, Inc.		12,261		908,663
Old Republic International Corp.		14,636		449,618
Principal Financial Group, Inc.		28,632		2,471,228
Prudential Financial, Inc.		22,788		2,675,311
RenaissanceRe Holdings Ltd.		469		110,229
Travelers Companies, Inc. (The)		21,374		4,919,012
				28,849,222
Interactive Media & Services — 0.8%
Meta Platforms, Inc., Class A		9,764		4,741,203
IT Services — 0.8%
Akamai Technologies, Inc. *		3,310		359,996
Amdocs Ltd.		15,213		1,374,799
Cognizant Technology Solutions Corp., Class A		34,305		2,514,213
DXC Technology Co. *		10,285		218,145
Kyndryl Holdings, Inc. *		1,933		42,062
				4,509,215
Life Sciences Tools & Services — 1.6%
Danaher Corp.		19,132		4,777,643
Revvity, Inc.		1,932		202,860
Thermo Fisher Scientific, Inc.		6,997		4,066,726
				9,047,229
Machinery — 4.0%
Cummins, Inc.		10,946		3,225,239
Dover Corp.		6,916		1,225,446
Fortive Corp.		7,311		628,892
Ingersoll Rand, Inc.		14,939		1,418,458
Oshkosh Corp.		984		122,715
Otis Worldwide Corp.		25,885		2,569,604
PACCAR, Inc.		34,507		4,275,072
Parker-Hannifin Corp.		6,463		3,592,071
Pentair PLC		20,400		1,742,976
Snap-on, Inc.		6,351		1,881,293
Stanley Black & Decker, Inc.		14,985		1,467,481
Westinghouse Air Brake Technologies Corp.		5,333		776,911
				22,926,158
Media — 2.6%
Comcast Corp., Class A		276,529		11,987,532
Fox Corp. Class A		24,883		778,092
Fox Corp. Class B		14,510		415,276
Interpublic Group of Cos., Inc. (The)		21,833		712,411
Liberty Media Corp.-Liberty SiriusXM, Class A *		4,389		130,353
Liberty Media Corp.-Liberty SiriusXM, Class C *		8,778		260,794
News Corp., Class A		8,320		217,818
News Corp., Class B		1,734		46,922
Paramount Global, Class B		25,564		300,888
				14,850,086
Metals & Mining — 3.8%
Freeport-McMoRan, Inc.		106,539		5,009,464
Newmont Corp.		42,413		1,520,082
Nucor Corp.		38,084		7,536,823
Reliance, Inc.		9,348		3,123,915
Royal Gold, Inc.		725		88,312
Steel Dynamics, Inc.		33,820		5,013,139
				22,291,735

	SHARES		VALUE†
Oil, Gas & Consumable Fuels — 13.9%
Chevron Corp.		97,929	$	15,447,321
ConocoPhillips		87,630		11,153,546
Coterra Energy, Inc.		19,923		555,453
Devon Energy Corp.		27,320		1,370,918
Diamondback Energy, Inc.		8,816		1,747,067
EOG Resources, Inc.		23,992		3,067,137
EQT Corp.		1,748		64,798
Exxon Mobil Corp.		222,398		25,851,544
HF Sinclair Corp.		471		28,434
Kinder Morgan, Inc.		75,243		1,379,957
Marathon Oil Corp.		18,183		515,306
Marathon Petroleum Corp.		30,104		6,065,956
Occidental Petroleum Corp.		34,021		2,211,025
ONEOK, Inc.		1,519		121,778
Phillips 66		15,495		2,530,953
Pioneer Natural Resources Co.		10,352		2,717,400
Valero Energy Corp.		19,826		3,384,100
Williams Cos., Inc. (The)		67,920		2,646,842
				80,859,535
Passenger Airlines — 0.4%
Delta Air Lines, Inc.		33,883		1,621,979
Southwest Airlines Co.		22,025		642,910
United Airlines Holdings, Inc. *		5,310		254,243
				2,519,132
Pharmaceuticals — 2.4%
Bristol-Myers Squibb Co.		79,893		4,332,597
Jazz Pharmaceuticals PLC *		4,730		569,587
Pfizer, Inc.		300,796		8,347,089
Viatris, Inc.		69,023		824,135
				14,073,408
Professional Services — 0.6%
Concentrix Corp.		1,605		106,283
Jacobs Solutions, Inc.		6,136		943,287
Leidos Holdings, Inc.		16,200		2,123,658
ManpowerGroup, Inc.		632		49,069
SS&C Technologies Holdings, Inc.		7,467		480,651
				3,702,948
Real Estate Management & Development — 0.5%
CBRE Group, Inc., Class A *		19,100		1,857,284
Jones Lang LaSalle, Inc. *		4,753		927,263
				2,784,547
Semiconductors & Semiconductor Equipment — 4.5%
Advanced Micro Devices, Inc. *		11,477		2,071,484
Analog Devices, Inc.		18,542		3,667,422
Intel Corp.		209,588		9,257,502
Marvell Technology, Inc.		18,929		1,341,688
Micron Technology, Inc.		65,226		7,689,493
ON Semiconductor Corp. *		4,447		327,077
Qorvo, Inc. *		11,125		1,277,484
Skyworks Solutions, Inc.		4,292		464,909
				26,097,059
Software — 0.6%
Gen Digital, Inc.		3,129		70,090
Roper Technologies, Inc.		366		205,267
Salesforce, Inc.		10,426		3,140,103
				3,415,460
Specialty Retail — 0.1%
CarMax, Inc. *		8,119		707,246
Textiles, Apparel & Luxury Goods — 0.1%
Ralph Lauren Corp.		1,676		314,686

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

SA U.S. Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Textiles, Apparel & Luxury Goods (Continued)
Tapestry, Inc.		6,979	$	331,363
				646,049
Trading Companies & Distributors — 0.1%
United Rentals, Inc.		659		475,211
Wireless Telecommunication Services — 0.8%
T-Mobile U.S., Inc.		29,534		4,820,539
TOTAL COMMON STOCKS (Identified Cost $309,128,061)				579,861,995
SHORT-TERM INVESTMENTS — 0.2%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.010%		1,269,039		1,269,039
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $1,269,039)				1,269,039
Total Investments — 100.1% (Identified Cost $310,397,100)				581,131,034
Liabilities in excess of Cash and Other Assets — (0.1%)				(458,176	)
Net Assets — 100.0%			$	580,672,858

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $640,242.

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

Portfolio Sectors as of March 31, 2024

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

Sector	Percentage
Financials		24.2	%
Energy		14.2	%
Health Care		12.6	%
Industrials		10.7	%
Materials		9.1	%
Information Technology		8.7	%
Communication Services		8.1	%
Consumer Discretionary		6.1	%
Consumer Staples		5.3	%
Other		1.0	%
		100.0	%

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.9%
Aerospace & Defense — 1.2%
AAR Corp. *		3,510	$	210,144
AeroVironment, Inc. *		2,477		379,674
Astronics Corp., Class B *		693		13,205
Axon Enterprise, Inc. *		11		3,442
BWX Technologies, Inc.		3,927		402,989
Curtiss-Wright Corp.		2,577		659,557
Ducommun, Inc. *		1,489		76,386
Hexcel Corp.		5,671		413,132
Huntington Ingalls Industries, Inc.		136		39,640
Innovative Solutions & Support, Inc. *		3,248		23,775
Kratos Defense & Security Solutions, Inc. *		11,721		215,432
Mercury Systems, Inc. *		4,277		126,171
Moog, Inc., Class A		2,730		435,844
National Presto Industries, Inc.		709		59,414
Park Aerospace Corp.		2,501		41,592
Parsons Corp. *		1,163		96,471
V2X, Inc. *		1,491		69,645
Woodward, Inc.		4,322		666,107
				3,932,620
Air Freight & Logistics — 0.2%
Air Transport Services Group, Inc. *		4,965		68,318
CH Robinson Worldwide, Inc.		1,094		83,297
Forward Air Corp.		2,778		86,424
HUB Group, Inc., Class A		5,418		234,166
Radiant Logistics, Inc. *		6,146		33,311
				505,516
Automobile Components — 1.7%
Adient PLC *		4,024		132,470
American Axle & Manufacturing Holdings, Inc. *		3,721		27,387
Autoliv, Inc.		6,598		794,597
BorgWarner, Inc.		15,123		525,373
Cooper-Standard Holdings, Inc. *		1,153		19,094
Dana, Inc.		9,900		125,730
Dorman Products, Inc. *		3,535		340,739
Fox Factory Holding Corp. *		4,601		239,574
Gentex Corp.		15,377		555,417
Gentherm, Inc. *		3,773		217,249
Goodyear Tire & Rubber Co. (The) *		6,748		92,650
LCI Industries		2,757		339,276
Lear Corp.		4,020		582,418
Modine Manufacturing Co. *		5,416		515,549
Motorcar Parts of America, Inc. *		2,267		18,227
Patrick Industries, Inc.		2,334		278,843
Phinia, Inc.		3,024		116,212
Standard Motor Products, Inc.		2,639		88,538
Stoneridge, Inc. *		2,727		50,286
Strattec Security Corp. *		941		22,330
Visteon Corp. *		2,696		317,077
XPEL, Inc. *		305		16,476
				5,415,512
Automobiles — 0.3%
Harley-Davidson, Inc.		9,600		419,904
Lucid Group, Inc. *@		15,466		44,078
Rivian Automotive, Inc., Class A *		5,359		58,681
Thor Industries, Inc.		2,397		281,264
Winnebago Industries, Inc.		3,191		236,134
				1,040,061
Beverages — 0.7%
Boston Beer Co., Inc. (The), Class A *		69		21,005
Celsius Holdings, Inc. *		5,436		450,753
Coca-Cola Consolidated, Inc.		882		746,534

	SHARES		VALUE†
Duckhorn Portfolio, Inc. (The) *		6,105	$	56,837
MGP Ingredients, Inc. @		1,851		159,427
Molson Coors Beverage Co., Class B		9,730		654,342
National Beverage Corp. *		7,326		347,692
				2,436,590
Biotechnology — 2.0%
Agios Pharmaceuticals, Inc. *		4,111		120,206
Aldeyra Therapeutics, Inc. *@		3,971		12,985
Alkermes PLC *		7,251		196,285
Allogene Therapeutics, Inc. *@		7,175		32,072
AnaptysBio, Inc. *		2,569		57,854
Anika Therapeutics, Inc. *		1,795		45,593
Arcturus Therapeutics Holdings, Inc. *		2,548		86,046
Arcus Biosciences, Inc. *		2,904		54,828
Avid Bioservices, Inc. *		4,386		29,386
Avidity Biosciences, Inc. *		4,762		121,526
Beam Therapeutics, Inc. *@		497		16,421
Biomea Fusion, Inc. *@		1,472		22,006
Catalyst Pharmaceuticals, Inc. *		8,570		136,606
Chinook Therapeutics, Inc. CVR *¶§		5,000		1,219
Crinetics Pharmaceuticals, Inc. *		551		25,792
CRISPR Therapeutics AG *@		1,927		131,344
Cullinan Oncology, Inc. *		1,139		19,409
Deciphera Pharmaceuticals, Inc. *		2,440		38,381
Dynavax Technologies Corp. *		7,915		98,225
Dyne Therapeutics, Inc. *		1,485		42,159
Eagle Pharmaceuticals, Inc. *@		488		2,557
Editas Medicine, Inc. *		4,524		33,568
Enanta Pharmaceuticals, Inc. *		1,585		27,674
Exact Sciences Corp. *		1,691		116,780
Exelixis, Inc. *		22,934		544,224
Fate Therapeutics, Inc. *		124		910
Generation Bio Co. *		1,291		5,254
Halozyme Therapeutics, Inc. *		8,219		334,349
Ideaya Biosciences, Inc. *		4,393		192,765
Incyte Corp. *		4,362		248,503
Intellia Therapeutics, Inc. *		2,590		71,251
Iovance Biotherapeutics, Inc. *		6,868		101,784
Krystal Biotech, Inc. *		1,598		284,332
Kura Oncology, Inc. *		5,384		114,841
Kymera Therapeutics, Inc. *		3,129		125,786
LENZ Therapeutics, Inc.		446		9,962
Mirati Therapeutics, Inc. CVR *¶<>		1,395		977
Myriad Genetics, Inc. *		8,130		173,332
Natera, Inc. *		555		50,760
Neurocrine Biosciences, Inc. *		7,426		1,024,194
Nurix Therapeutics, Inc. *		2,828		41,572
PDL BioPharma, Inc. *§		18,262		22,051
PMV Pharmaceuticals, Inc. *		3,331		5,663
Prothena Corp. PLC *		932		23,086
RAPT Therapeutics, Inc. *		1,843		16,550
Recursion Pharmaceuticals, Inc., Class A *@		1,754		17,487
REGENXBIO, Inc. *		2,258		47,576
Relay Therapeutics, Inc. *		6,235		51,751
Replimune Group, Inc. *		3,690		30,147
REVOLUTION Medicines, Inc. *		5,705		183,872
Rocket Pharmaceuticals, Inc. *		3,576		96,337
Sage Therapeutics, Inc. *		2,194		41,116
Sarepta Therapeutics, Inc. *		2,651		343,199
Stoke Therapeutics, Inc. *@		2,970		40,095
Sutro Biopharma, Inc. *		908		5,130
Twist Bioscience Corp. *		2,997		102,827
United Therapeutics Corp. *		2,637		605,772
Vaxcyte, Inc. *		672		45,904

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Biotechnology (Continued)
Veracyte, Inc. *		4,340	$	96,174
Vericel Corp. *		713		37,090
Xencor, Inc. *		2,792		61,787
Xenon Pharmaceuticals, Inc. *		338		14,551
				6,681,883
Broadline Retail — 0.4%
Big Lots, Inc. *		1,156		5,005
Dillard's, Inc., Class A @		780		367,879
Etsy, Inc. *		418		28,725
Kohl's Corp.		2,281		66,491
Macy's, Inc.		16,931		338,451
Nordstrom, Inc.		2,914		59,067
Ollie's Bargain Outlet Holdings, Inc. *		3,753		298,626
				1,164,244
Building Products — 3.1%
A.O. Smith Corp.		8,970		802,456
AAON, Inc.		8,580		755,898
Advanced Drainage Systems, Inc.		7,209		1,241,678
Allegion PLC		1,427		192,231
American Woodmark Corp. *		1,353		137,546
Apogee Enterprises, Inc.		2,316		137,107
Armstrong World Industries, Inc.		4,365		542,220
AZZ, Inc.		2,363		182,684
Carlisle Cos., Inc.		609		238,637
CSW Industrials, Inc.		1,174		275,420
Fortune Brands Innovations, Inc.		961		81,368
Gibraltar Industries, Inc. *		3,042		244,972
Insteel Industries, Inc.		2,278		87,065
Lennox International, Inc.		748		365,592
Masco Corp.		5,670		447,250
Owens Corning		6,683		1,114,724
Quanex Building Products Corp.		3,350		128,741
Resideo Technologies, Inc. *		681		15,268
Simpson Manufacturing Co., Inc.		4,397		902,176
Trex Co., Inc. *		10,510		1,048,373
UFP Industries, Inc.		6,595		811,251
Zurn Elkay Water Solutions Corp.		14,150		473,601
				10,226,258
Capital Markets — 3.0%
Affiliated Managers Group, Inc.		3,775		632,199
Artisan Partners Asset Management, Inc., Class A		6,206		284,049
AssetMark Financial Holdings, Inc. *		3,140		111,187
B Riley Financial, Inc. @		1,204		25,489
BGC Group, Inc., Class A		30,567		237,506
Brightsphere Investment Group, Inc.		2,826		64,546
Carlyle Group, Inc. (The)		9,910		464,878
Cohen & Steers, Inc.		5,127		394,215
Diamond Hill Investment Group, Inc.		289		44,555
Donnelley Financial Solutions, Inc. *		2,776		172,140
Evercore, Inc., Class A		3,659		704,687
Federated Hermes, Inc.		7,863		284,012
Franklin Resources, Inc.		13,466		378,529
Hamilton Lane, Inc., Class A		1,792		202,066
Houlihan Lokey, Inc.		1,002		128,446
Invesco Ltd.		24,055		399,072
Janus Henderson Group PLC		14,636		481,378

	SHARES		VALUE†
Jefferies Financial Group, Inc.		21,621	$	953,486
Lazard, Inc.		6,742		282,288
MarketAxess Holdings, Inc.		710		155,668
Moelis & Co., Class A		1,713		97,247
Morningstar, Inc.		2,847		877,929
Open Lending Corp., Class A *		2,793		17,484
Oppenheimer Holdings, Inc., Class A		1,244		49,660
Piper Sandler Cos.		1,880		373,161
PJT Partners, Inc., Class A		1,422		134,038
Robinhood Markets, Inc., Class A *		14,262		287,094
SEI Investments Co.		4,732		340,231
Silvercrest Asset Management Group, Inc., Class A		759		12,000
StepStone Group, Inc., Class A		446		15,940
Stifel Financial Corp.		9,673		756,138
StoneX Group, Inc. *		3,118		219,071
Victory Capital Holdings, Inc., Class A		982		41,666
Virtu Financial, Inc., Class A		3,211		65,890
Virtus Investment Partners, Inc.		676		167,635
Westwood Holdings Group, Inc.		1,157		14,254
WisdomTree, Inc. @		4,286		39,388
				9,909,222
Chemicals — 2.5%
AdvanSix, Inc.		3,198		91,463
Alto Ingredients, Inc. *		5,761		12,559
American Vanguard Corp.		3,554		46,024
Arcadium Lithium PLC *@		18,990		81,847
Ashland, Inc.		3,394		330,474
Avient Corp.		10,014		434,608
Axalta Coating Systems Ltd. *		16,030		551,272
Balchem Corp.		3,494		541,395
Cabot Corp.		5,463		503,689
Celanese Corp.		1,157		198,842
Chemours Co. (The)		8,849		232,375
Core Molding Technologies, Inc. *		1,500		28,395
Eastman Chemical Co.		3,373		338,042
Ecovyst, Inc. *		5,086		56,709
Element Solutions, Inc.		21,963		548,636
FMC Corp.		2,021		128,738
Hawkins, Inc.		2,648		203,366
HB Fuller Co.		5,803		462,731
Huntsman Corp.		12,047		313,583
Ingevity Corp. *		1,259		60,054
Innospec, Inc.		2,704		348,654
Intrepid Potash, Inc. *		750		15,645
Koppers Holdings, Inc.		2,308		127,332
Kronos Worldwide, Inc.		2,278		26,880
LSB Industries, Inc. *		3,802		33,382
Mativ Holdings, Inc.		3,615		67,781
Minerals Technologies, Inc.		3,081		231,938
Mosaic Co. (The)		9,271		300,937
NewMarket Corp.		504		319,848
Olin Corp.		3,715		218,442
Orion SA		3,504		82,414
Quaker Chemical Corp.		784		160,916
RPM International, Inc.		4,352		517,670
Sensient Technologies Corp.		4,568		316,060
Stepan Co.		2,418		217,717
Tronox Holdings PLC		1,464		25,400
				8,175,818

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Commercial Banks — 8.5%
1st Source Corp.		2,546	$	133,461
Amalgamated Financial Corp.		477		11,448
Amerant Bancorp, Inc.		661		15,395
American National Bankshares, Inc.		1,508		72,022
Ameris Bancorp		7,199		348,288
AmeriServ Financial, Inc.		4,400		11,440
Arrow Financial Corp.		2,279		57,021
Associated Banc-Corp.		15,878		341,536
Atlantic Union Bankshares Corp.		6,981		246,499
Axos Financial, Inc. *		5,392		291,384
Banc of California, Inc.		5,994		91,169
BancFirst Corp.		3,303		290,763
Bancorp, Inc. (The) *		4,840		161,946
Bank of Hawaii Corp.		3,456		215,620
Bank of Marin Bancorp		1,580		26,497
Bank OZK		4,569		207,707
BankUnited, Inc.		3,310		92,680
Bankwell Financial Group, Inc.		326		8,456
Banner Corp.		3,355		161,040
Bar Harbor Bankshares		2,089		55,317
BCB Bancorp, Inc.		878		9,175
Berkshire Hills Bancorp, Inc.		4,455		102,109
BOK Financial Corp.		5,182		476,744
Bridgewater Bancshares, Inc. *		700		8,148
Brookline Bancorp, Inc.		7,431		74,013
Business First Bancshares, Inc.		553		12,321
Byline Bancorp, Inc.		1,299		28,214
C&F Financial Corp.		466		22,834
Cadence Bank		15,454		448,166
Camden National Corp.		1,756		58,861
Capital City Bank Group, Inc.		1,890		52,353
Capitol Federal Financial, Inc.		9,589		57,150
Carter Bankshares, Inc. *		711		8,987
Cathay General Bancorp		7,259		274,608
Central Pacific Financial Corp.		3,116		61,541
Central Valley Community Bancorp		1,638		32,580
Citizens & Northern Corp.		852		16,001
Citizens Community Bancorp, Inc.		400		4,860
Citizens Financial Group, Inc.		13,844		502,399
City Holding Co.		1,327		138,300
Civista Bancshares, Inc.		270		4,153
CNB Financial Corp.		2,264		46,163
Coastal Financial Corp. *		555		21,573
Columbia Financial, Inc. *@		2,819		48,515
Comerica, Inc.		7,707		423,808
Commerce Bancshares, Inc.		9,002		478,906
Community Bank System, Inc.		4,718		226,606
Community Trust Bancorp, Inc.		1,552		66,193
ConnectOne Bancorp, Inc.		3,358		65,481
Cullen/Frost Bankers, Inc.		3,828		430,918
Customers Bancorp, Inc. *		3,713		197,012
CVB Financial Corp.		13,166		234,881
Dime Community Bancshares, Inc.		4,460		85,900
Eagle Bancorp, Inc.		1,459		34,272
East West Bancorp, Inc.		9,740		770,531
Enterprise Bancorp, Inc.		331		8,596
Enterprise Financial Services Corp.		2,901		117,665
Equity Bancshares, Inc., Class A		1,470		50,524
Esquire Financial Holdings, Inc.		569		27,010
ESSA Bancorp, Inc.		1,900		34,637
Farmers & Merchants Bancorp, Inc.		1,205		26,859
Farmers National Banc Corp.		3,991		53,320
FB Financial Corp.		3,274		123,299

	SHARES		VALUE†
Financial Institutions, Inc.		1,855	$	34,911
First BanCorp		3,381		122,122
First BanCorp		18,672		327,507
First Bancorp, Inc. (The)		1,876		46,225
First Bancshares, Inc. (The)		1,367		35,474
First Busey Corp.		5,571		133,983
First Business Financial Services, Inc.		551		20,662
First Commonwealth Financial Corp.		9,286		129,261
First Community Bankshares, Inc.		1,982		68,637
First Financial Bancorp		8,992		201,601
First Financial Bankshares, Inc.		14,820		486,244
First Financial Corp.		1,395		53,470
First Financial Northwest, Inc.		985		20,252
First Foundation, Inc.		3,421		25,829
First Hawaiian, Inc.		1,200		26,352
First Horizon Corp.		33,269		512,343
First Internet Bancorp		1,284		44,606
First Interstate Bancsystem, Inc., Class A		4,291		116,758
First Merchants Corp.		5,621		196,173
First Mid Bancshares, Inc.		500		16,340
First of Long Island Corp. (The)		2,295		25,452
Flushing Financial Corp.		3,899		49,166
FNB Corp.		22,576		318,322
FS Bancorp, Inc.		962		33,391
Fulton Financial Corp.		15,678		249,123
German American Bancorp, Inc.		3,217		111,437
Glacier Bancorp, Inc.		11,842		476,996
Great Southern Bancorp, Inc.		1,275		69,895
Hancock Whitney Corp.		6,503		299,398
Hanmi Financial Corp.		3,586		57,089
HarborOne Bancorp, Inc.		6,045		64,440
Heartland Financial USA, Inc.		4,558		160,214
Heritage Commerce Corp.		3,576		30,682
Heritage Financial Corp.		4,162		80,701
Hilltop Holdings, Inc.		6,988		218,864
Hingham Institution For Savings (The)		236		41,173
Home Bancorp, Inc.		994		38,080
Home BancShares, Inc.		13,006		319,557
HomeStreet, Inc.		1,747		26,292
HomeTrust Bancshares, Inc.		2,255		61,652
Hope Bancorp, Inc.		11,541		132,837
Horizon Bancorp, Inc.		3,103		39,811
Independent Bank Corp.		3,858		200,693
Independent Bank Corp.		600		15,210
Independent Bank Group, Inc.		1,832		83,631
International Bancshares Corp.		5,903		331,394
Kearny Financial Corp.		7,750		49,910
KeyCorp		26,535		419,518
Lakeland Bancorp, Inc.		5,547		67,119
Lakeland Financial Corp.		2,447		162,285
Live Oak Bancshares, Inc.		847		35,159
Macatawa Bank Corp.		5,141		50,330
Mercantile Bank Corp.		1,601		61,622
Metropolitan Bank Holding Corp. *		321		12,358
Midland States Bancorp, Inc.		1,086		27,291
MidWestOne Financial Group, Inc.		613		14,369
National Bank Holdings Corp., Class A		3,376		121,772
NBT Bancorp, Inc.		4,206		154,276
New York Community Bancorp, Inc. @		23,882		76,900
Nicolet Bankshares, Inc.		1,020		87,710
Northeast Bank		896		49,585
Northfield Bancorp, Inc.		5,020		48,794
Northrim BanCorp, Inc.		836		42,226
Northwest Bancshares, Inc.		12,344		143,808
OceanFirst Financial Corp.		4,432		72,729

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Commercial Banks (Continued)
OFG Bancorp		4,058	$	149,375
Old National Bancorp		28,203		491,014
Old Second Bancorp, Inc.		2,244		31,057
Origin Bancorp, Inc.		1,342		41,924
Pacific Premier Bancorp, Inc.		6,186		148,464
Park National Corp.		1,732		235,292
Pathward Financial, Inc.		2,146		108,330
Peapack-Gladstone Financial Corp.		1,992		48,465
Penns Woods Bancorp, Inc.		1,138		22,089
Peoples Bancorp, Inc.		3,204		94,870
Pinnacle Financial Partners, Inc.		3,365		288,986
Popular, Inc.		7,138		628,786
Preferred Bank		1,186		91,049
Premier Financial Corp.		4,193		85,118
Primis Financial Corp.		1,858		22,612
Prosperity Bancshares, Inc.		7,853		516,570
Provident Financial Holdings, Inc.		1,124		15,039
Provident Financial Services, Inc.		7,592		110,615
QCR Holdings, Inc.		1,658		100,707
Renasant Corp.		5,355		167,719
Republic Bancorp, Inc., Class A		1,997		101,847
Riverview Bancorp, Inc.		2,557		12,069
S&T Bancorp, Inc.		3,996		128,192
Sandy Spring Bancorp, Inc.		2,451		56,814
Seacoast Banking Corp. of Florida		5,003		127,026
ServisFirst Bancshares, Inc.		5,630		373,607
Sierra Bancorp		2,000		40,400
Simmons First National Corp., Class A		8,397		163,406
Southern First Bancshares, Inc. *		923		29,314
Southern Missouri Bancorp, Inc.		686		29,985
Southside Bancshares, Inc.		3,368		98,447
SouthState Corp.		7,217		613,661
Stellar Bancorp, Inc.		3,386		82,483
Stock Yards Bancorp, Inc.		2,936		143,600
Summit Financial Group, Inc.		392		10,647
Synovus Financial Corp.		7,875		315,472
Territorial Bancorp, Inc.		1,557		12,549
Texas Capital Bancshares, Inc. *		3,132		192,775
Timberland Bancorp, Inc.		921		24,793
Tompkins Financial Corp.		1,559		78,402
Towne Bank		5,809		163,001
TriCo Bancshares		2,959		108,832
Triumph Financial, Inc. *		2,441		193,620
TrustCo Bank Corp.		2,134		60,093
Trustmark Corp.		5,770		162,195
UMB Financial Corp.		4,960		431,470
United Bankshares, Inc.		12,088		432,630
United Community Banks, Inc.		8,563		225,378
Univest Financial Corp.		3,363		70,018
Valley National Bancorp		37,407		297,760
Veritex Holdings, Inc.		3,570		73,149
WaFd, Inc.		6,377		185,124
Washington Trust Bancorp, Inc.		2,001		53,787
Webster Financial Corp.		11,093		563,192
WesBanco, Inc.		5,118		152,568
West BanCorp, Inc.		1,763		31,434
Westamerica BanCorp		2,658		129,923
Western Alliance Bancorp		5,446		349,579
Western New England Bancorp, Inc.		3,161		24,245

	SHARES		VALUE†
Wintrust Financial Corp.		4,936	$	515,269
WSFS Financial Corp.		6,445		290,927
Zions Bancorp NA		10,151		440,553
				27,646,203
Commercial Services & Supplies — 1.9%
ABM Industries, Inc.		6,300		281,106
ACCO Brands Corp.		6,694		37,553
Brady Corp., Class A		4,578		271,384
Brink's Co. (The)		4,524		417,927
Casella Waste Systems, Inc., Class A *		6,377		630,494
CECO Environmental Corp. *		4,211		96,937
Cimpress PLC *		1,426		126,215
Clean Harbors, Inc. *		4,977		1,001,920
Deluxe Corp.		2,994		61,647
Driven Brands Holdings, Inc. *		1,606		25,359
Ennis, Inc.		3,110		63,786
HNI Corp.		4,225		190,674
Interface, Inc.		5,834		98,128
Liquidity Services, Inc. *		3,228		60,041
Matthews International Corp., Class A		3,151		97,933
MillerKnoll, Inc.		3,785		93,717
MSA Safety, Inc.		4,031		780,361
NL Industries, Inc.		4,571		33,505
OPENLANE, Inc. *		2,720		47,056
Steelcase, Inc., Class A		9,338		122,141
Stericycle, Inc. *		4,277		225,612
Tetra Tech, Inc.		5,049		932,601
UniFirst Corp.		1,530		265,348
Vestis Corp.		10,472		201,796
Virco Mfg. Corp.		2,494		27,259
VSE Corp. @		1,412		112,960
				6,303,460
Communications Equipment — 1.1%
BK Technologies Corp. *		400		5,840
Calix, Inc. *		2,992		99,215
Cambium Networks Corp. *		2,226		9,594
Ciena Corp. *		15,659		774,338
Clearfield, Inc. *@		2,380		73,399
Comtech Telecommunications Corp. *		3,207		11,000
Digi International, Inc. *		3,397		108,466
Extreme Networks, Inc. *		7,358		84,911
F5, Inc. *		3,709		703,189
Harmonic, Inc. *		10,330		138,835
Infinera Corp. *@		5,375		32,411
Juniper Networks, Inc.		17,860		661,892
KVH Industries, Inc. *		2,387		12,174
Lantronix, Inc. *		1,100		3,916
Lumentum Holdings, Inc. *		4,956		234,667
NETGEAR, Inc. *		3,539		55,810
NetScout Systems, Inc. *		8,182		178,695
Optical Cable Corp. *		374		1,058
Viasat, Inc. *		5,325		96,329
Viavi Solutions, Inc. *		21,651		196,808
				3,482,547
Computers & Peripherals — 0.3%
AstroNova, Inc. *		1,572		28,013
Pure Storage, Inc., Class A *		16,618		863,970
Stratasys Ltd. *		3,784		43,970

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Computers & Peripherals (Continued)
Xerox Holdings Corp.		5,031	$	90,055
				1,026,008
Construction & Engineering — 2.4%
AECOM		4,153		407,326
Ameresco, Inc., Class A *		3,289		79,364
Arcosa, Inc.		1,853		159,099
Comfort Systems USA, Inc.		3,764		1,195,860
Dycom Industries, Inc. *		3,171		455,134
EMCOR Group, Inc.		4,190		1,467,338
Fluor Corp. *		6,585		278,414
Granite Construction, Inc.		4,358		248,973
Great Lakes Dredge & Dock Corp. *		7,436		65,065
IES Holdings, Inc. *		1,933		235,130
MasTec, Inc. *		6,602		615,636
Matrix Service Co. *		4,086		53,241
MDU Resources Group, Inc.		11,285		284,382
MYR Group, Inc. *		1,601		282,977
Northwest Pipe Co. *		1,211		41,997
Primoris Services Corp.		5,218		222,130
Sterling Infrastructure, Inc. *		2,663		293,756
Tutor Perini Corp. *		3,153		45,592
Valmont Industries, Inc.		1,958		446,972
WillScot Mobile Mini Holdings Corp. *		18,315		851,647
				7,730,033
Construction Materials — 0.3%
Eagle Materials, Inc.		1,439		391,048
Knife River Corp. *		2,821		228,727
Summit Materials, Inc., Class A *		5,504		245,313
U.S. Lime & Minerals, Inc.		713		212,574
				1,077,662
Consumer Finance — 1.2%
Ally Financial, Inc.		6,410		260,182
Atlanticus Holdings Corp. *		1,788		52,907
Bread Financial Holdings, Inc.		856		31,877
Consumer Portfolio Services, Inc. *		3,813		28,826
Credit Acceptance Corp. *		760		419,178
Encore Capital Group, Inc. *		2,787		127,115
Enova International, Inc. *		2,921		183,526
Ezcorp, Inc., Class A *		5,994		67,912
FirstCash Holdings, Inc.		4,847		618,186
Green Dot Corp., Class A *		4,505		42,032
LendingClub Corp. *		1,512		13,290
Navient Corp.		11,475		199,665
Nelnet, Inc., Class A		2,441		231,041
OneMain Holdings, Inc.		7,656		391,145
PRA Group, Inc. *		4,120		107,450
PROG Holdings, Inc.		4,487		154,532
Regional Management Corp.		1,467		35,516
SLM Corp.		14,278		311,118
SoFi Technologies, Inc. *@		12,464		90,987
Synchrony Financial		7,322		315,725
World Acceptance Corp. *		673		97,572
				3,779,782
Consumer Staples Distribution & Retail — 1.3%
Albertsons Cos., Inc., Class A		2,354		50,470
Andersons, Inc. (The)		4,055		232,635
BJ's Wholesale Club Holdings, Inc. *		4,618		349,352
Casey's General Stores, Inc.		2,455		781,795
Chefs' Warehouse Inc. (The) *		4,636		174,592
Grocery Outlet Holding Corp. *		2,734		78,685
Ingles Markets, Inc., Class A		1,973		151,290

	SHARES		VALUE†
Natural Grocers by Vitamin Cottage, Inc.		2,710	$	48,915
Performance Food Group Co. *		9,263		691,390
PriceSmart, Inc.		3,201		268,884
SpartanNash Co.		3,686		74,494
Sprouts Farmers Market, Inc. *		7,149		460,967
U.S. Foods Holding Corp. *		13,615		734,802
United Natural Foods, Inc. *		1,873		21,521
Village Super Market, Inc., Class A		1,435		41,055
Weis Markets, Inc.		2,943		189,529
				4,350,376
Containers & Packaging — 1.5%
Amcor PLC		16,740		159,197
AptarGroup, Inc.		5,666		815,281
Berry Global Group, Inc.		9,609		581,152
Crown Holdings, Inc.		3,202		253,791
Graphic Packaging Holding Co.		8,918		260,227
Greif, Inc., Class A		2,553		176,285
Greif, Inc., Class B		715		49,707
International Paper Co.		9,661		376,972
Myers Industries, Inc.		4,361		101,044
O-I Glass, Inc. *		8,143		135,092
Packaging Corp. of America		258		48,963
Pactiv Evergreen, Inc.		8,108		116,107
Sealed Air Corp.		8,913		331,564
Silgan Holdings, Inc.		11,743		570,240
Sonoco Products Co.		6,744		390,073
TriMas Corp.		5,102		136,377
Westrock Co.		8,525		421,561
				4,923,633
Distributors — 0.1%
LKQ Corp.		3,492		186,508
Pool Corp.		660		266,310
Weyco Group, Inc.		1,043		33,251
				486,069
Diversified Consumer Services — 1.0%
Adtalem Global Education, Inc. *		3,867		198,764
American Public Education, Inc. *		1,928		27,378
Bright Horizons Family Solutions, Inc. *		1,895		214,817
Carriage Services, Inc.		2,272		61,435
Chegg, Inc. *		3,873		29,319
Duolingo, Inc. *		234		51,616
European Wax Center, Inc., Class A *		583		7,567
Frontdoor, Inc. *		4,679		152,442
Graham Holdings Co., Class B		388		297,860
Grand Canyon Education, Inc. *		3,285		447,450
H&R Block, Inc.		11,646		571,935
Laureate Education, Inc.		3,916		57,056
OneSpaWorld Holdings Ltd. *		2,259		29,886
Perdoceo Education Corp.		6,976		122,498
Service Corp. International		7,334		544,256
Strategic Education, Inc.		2,650		275,918
Stride, Inc. *		4,184		263,801
				3,353,998
Diversified Telecommunication Services — 0.2%
Anterix, Inc. *		1,066		35,828
ATN International, Inc.		2,105		66,318
Bandwidth, Inc., Class A *		766		13,987
Cogent Communications Holdings, Inc. @		5,207		340,173
Costa Communications, Inc. CVR @*¶§		354		351
EchoStar Corp., Class A *		2,720		38,760
IDT Corp., Class B		1,342		50,741
Iridium Communications, Inc.		4,335		113,404
Liberty Latin America Ltd., Class A *		1,600		11,152

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Diversified Telecommunication Services (Continued)
Liberty Latin America Ltd., Class C *		12,050	$	84,230
Ooma, Inc. *		1,297		11,063
				766,007
Electric Utilities — 1.4%
ALLETE, Inc.		4,869		290,387
Alliant Energy Corp.		8,696		438,278
Evergy, Inc.		7,556		403,339
Genie Energy Ltd., Class B		3,300		49,764
Hawaiian Electric Industries, Inc. @		4,122		46,455
IDACORP, Inc.		2,837		263,529
MGE Energy, Inc.		3,771		296,853
NRG Energy, Inc.		14,356		971,758
OGE Energy Corp.		10,049		344,681
Otter Tail Corp.		4,597		397,181
Pinnacle West Capital Corp.		5,960		445,391
PNM Resources, Inc.		9,280		349,299
Portland General Electric Co.		5,648		237,216
				4,534,131
Electrical Equipment — 1.4%
Acuity Brands, Inc.		2,347		630,709
Allient, Inc.		1,626		58,016
Atkore, Inc.		3,999		761,250
Encore Wire Corp.		1,468		385,761
EnerSys		3,615		341,473
LSI Industries, Inc.		3,137		47,431
NEXTracker, Inc., Class A *		3,948		222,154
nVent Electric PLC		3,043		229,442
Plug Power, Inc. *@		1,062		3,653
Powell Industries, Inc.		1,101		156,672
Preformed Line Products Co.		539		69,353
Regal Rexnord Corp.		6,071		1,093,387
Sensata Technologies Holding PLC		7,316		268,790
Sunrun, Inc. *@		6,232		82,138
Thermon Group Holdings, Inc. *		3,577		117,040
Vicor Corp. *		3,445		131,737
				4,599,006
Electronic Equipment, Instruments & Components — 3.4%
Advanced Energy Industries, Inc.		3,308		337,350
Arrow Electronics, Inc. *		5,952		770,546
Avnet, Inc.		8,026		397,929
Badger Meter, Inc.		3,103		502,096
Bel Fuse, Inc., Class B		1,421		85,701
Belden, Inc.		4,607		426,654
Benchmark Electronics, Inc.		3,809		114,308
Climb Global Solutions, Inc.		315		22,327
Cognex Corp.		5,365		227,583
Crane NXT Co.		3,089		191,209
CTS Corp.		3,522		164,794
ePlus, Inc. *		3,312		260,125
Fabrinet *		3,763		711,282
FARO Technologies, Inc. *		2,298		49,430
Flex Ltd. *		22,671		648,617
Identiv, Inc. *		927		7,342
Insight Enterprises, Inc. *		2,997		556,003
IPG Photonics Corp. *		1,782		161,610
Itron, Inc. *		4,157		384,606
Key Tronic Corp. *		1,700		7,922

	SHARES		VALUE†
Kimball Electronics, Inc. *		2,987	$	64,669
Knowles Corp. *		3,541		57,010
Littelfuse, Inc.		1,865		451,983
Methode Electronics, Inc.		4,122		50,206
Napco Security Technologies, Inc.		4,363		175,218
nLight, Inc. *		1,098		14,274
Novanta, Inc. *		3,723		650,669
OSI Systems, Inc. *		1,764		251,934
PC Connection, Inc.		2,926		192,911
Plexus Corp. *		2,671		253,264
Richardson Electronics Ltd.		1,505		13,861
Rogers Corp. *		2,017		239,398
Sanmina Corp. *		6,015		374,013
ScanSource, Inc. *		2,807		123,620
TD SYNNEX Corp.		3,515		397,547
Trimble, Inc. *		7,608		489,651
TTM Technologies, Inc. *		10,405		162,838
Vishay Intertechnology, Inc.		11,850		268,758
Vishay Precision Group, Inc. *		1,694		59,849
Vontier Corp.		8,347		378,620
Zebra Technologies Corp., Class A *		1,044		314,703
				11,012,430
Energy Equipment & Services — 1.3%
Archrock, Inc.		12,231		240,584
Bristow Group, Inc. *		1,579		42,949
Cactus, Inc., Class A		3,486		174,614
ChampionX Corp.		9,876		354,450
Core Laboratories, Inc.		998		17,046
Dril-Quip, Inc. *		2,081		46,885
Expro Group Holdings NV *		837		16,715
Helix Energy Solutions Group, Inc. *		8,345		90,460
Helmerich & Payne, Inc.		4,747		199,659
Liberty Energy, Inc.		11,763		243,729
Nabors Industries Ltd. *		539		46,424
Natural Gas Services Group, Inc. *		2,179		42,338
Newpark Resources, Inc. *		5,904		42,627
Noble Corp. PLC		2,483		120,401
NOV, Inc.		23,731		463,229
Oceaneering International, Inc. *		1,554		36,363
Oil States International, Inc. *		3,584		22,077
Patterson-UTI Energy, Inc.		3,641		43,473
ProPetro Holding Corp. *		4,527		36,578
RPC, Inc.		11,642		90,109
SEACOR Marine Holdings, Inc. *		3,233		45,068
Select Water Solutions, Inc.		3,073		28,364
Solaris Oilfield Infrastructure, Inc., Class A		1,000		8,670
TechnipFMC PLC		23,392		587,373
TETRA Technologies, Inc. *		8,698		38,532
Tidewater, Inc. *		2,915		268,180
Transocean Ltd. *@		43,549		273,488
U.S. Silica Holdings, Inc. *		5,267		65,363
Valaris Ltd. *		1,881		141,564
Weatherford International PLC *		4,378		505,309
				4,332,621
Entertainment — 0.4%
Atlanta Braves Holdings, Inc., Class A *		934		39,135
Atlanta Braves Holdings, Inc., Class C *		2,620		102,337
Cinemark Holdings, Inc. *		7,484		134,487
Endeavor Group Holdings, Inc., Class A		5,025		129,293
IMAX Corp. *		2,245		36,302

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Entertainment (Continued)
Liberty Media Corp.-Liberty Formula One, Class A *		600	$	35,244
Liberty Media Corp.-Liberty Formula One, Class C *		1,202		78,851
Liberty Media Corp.-Liberty Live, Class A *		650		27,527
Liberty Media Corp.-Liberty Live, Class C *		836		36,634
Lions Gate Entertainment Corp., Class A *		3,637		36,188
Lions Gate Entertainment Corp., Class B *		6,300		58,653
Madison Square Garden Entertainment Corp. *		432		16,939
Madison Square Garden Sports Corp. *		404		74,546
Marcus Corp. (The)		3,100		44,206
Roku, Inc. *		2,980		194,207
Sphere Entertainment Co. *		432		21,203
TKO Group Holdings, Inc.		1,300		112,333
				1,178,085
Financial Services — 1.7%
A-Mark Precious Metals, Inc. @		2,332		71,569
Acacia Research Corp. *		1,995		10,633
Alerus Financial Corp.		466		10,173
AvidXchange Holdings, Inc. *		1,863		24,499
Cantaloupe, Inc. *		3,505		22,537
Cass Information Systems, Inc.		1,499		72,207
Equitable Holdings, Inc.		4,600		174,846
Essent Group Ltd.		4,642		276,245
Euronet Worldwide, Inc. *		2,511		276,034
EVERTEC, Inc.		4,311		172,009
Federal Agricultural Mortgage Corp., Class C		923		181,720
Flywire Corp. *		4,301		106,708
I3 Verticals, Inc., Class A *		1,470		33,648
International Money Express, Inc. *		1,977		45,135
Jack Henry & Associates, Inc.		2,212		384,291
Jackson Financial, Inc., Class A		1,992		131,751
Marqeta, Inc., Class A *		3,982		23,733
MGIC Investment Corp.		11,104		248,285
Mr Cooper Group, Inc. *		4,998		389,594
NMI Holdings, Inc., Class A *		7,878		254,775
PennyMac Financial Services, Inc.		1,706		155,400
Radian Group, Inc.		7,144		239,110
Shift4 Payments, Inc., Class A *		2,548		168,346
TFS Financial Corp.		3,750		47,100
Toast, Inc., Class A *		7,473		186,227
Voya Financial, Inc.		9,648		713,180
Walker & Dunlop, Inc.		3,120		315,307
Waterstone Financial, Inc.		2,966		36,096
Western Union Co. (The)		12,000		167,760
WEX, Inc. *		2,575		611,640
				5,550,558
Food Products — 1.7%
Alico, Inc.		713		20,877
B&G Foods, Inc.		8,145		93,179
Bunge Global SA		166		17,018
Cal-Maine Foods, Inc.		4,595		270,416
Calavo Growers, Inc.		2,189		60,876
Campbell Soup Co.		10,241		455,212
Conagra Brands, Inc.		4,537		134,477
Darling Ingredients, Inc. *		13,438		625,001
Flowers Foods, Inc.		10,685		253,769
Fresh Del Monte Produce, Inc.		5,010		129,809
Freshpet, Inc. *		870		100,798
Hain Celestial Group, Inc. (The) *		2,490		19,571

	SHARES		VALUE†
Ingredion, Inc.		3,754	$	438,655
J&J Snack Foods Corp.		1,747		252,546
J.M. Smucker Co. (The)		2,567		323,108
John B Sanfilippo & Son, Inc.		981		103,908
Lamb Weston Holdings, Inc.		456		48,578
Lancaster Colony Corp.		2,908		603,788
Lifeway Foods, Inc. *		1,756		30,238
Limoneira Co.		2,072		40,528
Mission Produce, Inc. *		1,256		14,909
Pilgrim's Pride Corp. *		5,624		193,016
Post Holdings, Inc. *		4,776		507,593
Seaboard Corp.		42		135,405
Seneca Foods Corp., Class A *		800		45,520
Simply Good Foods Co. (The) *		4,321		147,044
Tootsie Roll Industries, Inc.		4,910		157,268
TreeHouse Foods, Inc. *		3,458		134,689
Utz Brands, Inc.		1,291		23,806
Vital Farms, Inc. *		2,774		64,495
				5,446,097
Gas Utilities — 0.7%
Chesapeake Utilities Corp.		2,106		225,974
National Fuel Gas Co.		4,000		214,880
New Jersey Resources Corp.		9,687		415,669
Northwest Natural Holding Co.		3,354		124,836
ONE Gas, Inc.		5,011		323,360
RGC Resources, Inc.		600		12,144
Southwest Gas Holdings, Inc.		4,019		305,966
Spire, Inc.		4,808		295,067
UGI Corp.		10,146		248,983
				2,166,879
Ground Transportation — 1.2%
ArcBest Corp.		2,227		317,348
Avis Budget Group, Inc.		279		34,166
Covenant Logistics Group, Inc.		1,259		58,367
Heartland Express, Inc.		8,017		95,723
Knight-Swift Transportation Holdings, Inc.		10,914		600,488
Landstar System, Inc.		2,867		552,643
Marten Transport Ltd.		7,902		146,029
PAM Transportation Services, Inc. *		2,517		40,801
RXO, Inc. *		1,530		33,461
Saia, Inc. *		1,087		635,895
Schneider National, Inc., Class B		1,500		33,960
U-Haul Holding Co. *@		1,058		71,457
U-Haul Holding Co.		9,522		634,927
Universal Logistics Holdings, Inc.		2,551		94,055
Werner Enterprises, Inc.		6,118		239,336
XPO, Inc. *		2,025		247,111
				3,835,767
Health Care — 0.0%
Aduro Biotech, Inc. CVR *¶§		237		235
Health Care Equipment & Supplies — 2.1%
Achillion Pharmaceuticals, Inc. CVR @*¶§		23,152		—
AngioDynamics, Inc. *		2,110		12,386
Artivion, Inc. *		5,028		106,392
AtriCure, Inc. *		1,614		49,098
Atrion Corp. @		171		79,267
Avanos Medical, Inc. *		3,420		68,092
Axogen, Inc. *		2,643		21,329
Axonics, Inc. *		2,988		206,082
CONMED Corp.		2,255		180,580
Dentsply Sirona, Inc.		8,717		289,317
Electromed, Inc. *		2,175		35,126
Embecta Corp.		2,452		32,538

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Health Care Equipment & Supplies (Continued)
Enovis Corp. *		3,400	$	212,330
Envista Holdings Corp. *		9,977		213,308
FONAR Corp. *		1,282		27,384
Glaukos Corp. *		3,346		315,494
Globus Medical, Inc., Class A *		9,679		519,182
Haemonetics Corp. *		5,164		440,747
Inari Medical, Inc. *		518		24,854
Integer Holdings Corp. *		3,152		367,775
Integra LifeSciences Holdings Corp. *		6,371		225,852
iRadimed Corp.		704		30,969
Lantheus Holdings, Inc. *		3,768		234,520
LeMaitre Vascular, Inc.		2,735		181,495
LENSAR, Inc. *		1,385		4,917
LivaNova PLC *		2,251		125,921
Masimo Corp. *		1,950		286,358
Merit Medical Systems, Inc. *		5,761		436,396
Neogen Corp. *@		10,822		170,771
Omnicell, Inc. *		4,593		134,253
OraSure Technologies, Inc. *		9,521		58,554
OrthoPediatrics Corp. *		1,252		36,508
Penumbra, Inc. *		2,476		552,594
Pulmonx Corp. *		667		6,183
QuidelOrtho Corp. *		446		21,381
Semler Scientific, Inc. *		300		8,763
Shockwave Medical, Inc. *		1,284		418,109
STAAR Surgical Co. *		1,276		48,845
Surmodics, Inc. *		1,788		52,460
Tactile Systems Technology, Inc. *		1,239		20,134
Teleflex, Inc.		992		224,361
TransMedics Group, Inc. *		72		5,324
UFP Technologies, Inc. *		913		230,259
Utah Medical Products, Inc.		630		44,799
Varex Imaging Corp. *		578		10,462
				6,771,469
Health Care Providers & Services — 3.3%
Acadia Healthcare Co., Inc. *		8,805		697,532
Addus HomeCare Corp. *		1,872		193,453
Agiliti, Inc. *		1,877		18,995
agilon health, Inc. *		8,212		50,093
Albireo Pharma, Inc. CVR *¶§		1,018		4,131
Amedisys, Inc. *		1,139		104,970
AMN Healthcare Services, Inc. *		3,754		234,663
Astrana Health, Inc. *		3,529		148,183
Brookdale Senior Living, Inc. *		7,211		47,665
Castle Biosciences, Inc. *		1,302		28,839
Chemed Corp.		1,565		1,004,620
Contra Abiomed, Inc. CVR *¶§		90		—
CorVel Corp. *		1,868		491,209
Cross Country Healthcare, Inc. *		3,321		62,169
DaVita, Inc. *		8,508		1,174,529
Encompass Health Corp.		6,968		575,417
Enhabit, Inc. *		2,323		27,063
Ensign Group, Inc. (The)		5,933		738,184
Fulgent Genetics, Inc. *		2,336		50,691
HealthEquity, Inc. *		5,161		421,292
Henry Schein, Inc. *		10,880		821,658
Joint Corp. (The) *@		1,577		20,596
ModivCare, Inc. *		1,383		32,431

	SHARES		VALUE†
National HealthCare Corp.		1,582	$	149,515
National Research Corp.		2,987		118,315
NeoGenomics, Inc. *		4,322		67,942
Option Care Health, Inc. *		7,998		268,253
Owens & Minor, Inc. *		3,716		102,970
Patterson Cos., Inc.		3,733		103,217
Pediatrix Medical Group, Inc. *		3,540		35,506
Pennant Group, Inc. (The) *		3,997		78,461
Premier, Inc., Class A		5,075		112,158
Quest Diagnostics, Inc.		301		40,066
RadNet, Inc. *		5,402		262,861
Select Medical Holdings Corp.		12,138		365,961
Surgery Partners, Inc. *		1,984		59,183
Tenet Healthcare Corp. *		10,669		1,121,419
U.S. Physical Therapy, Inc.		1,511		170,547
Universal Health Services, Inc., Class B		3,730		680,576
				10,685,333
Health Care Technology — 0.2%
Certara, Inc. *		6,275		112,197
Doximity, Inc., Class A *		2,443		65,741
Evolent Health, Inc., Class A *		5,196		170,377
HealthStream, Inc.		3,803		101,388
Schrodinger, Inc. *		4,061		109,647
Simulations Plus, Inc. @		1,668		68,638
Teladoc Health, Inc. *		2,607		39,366
TruBridge, Inc. *		1,636		15,084
Veradigm, Inc. *		5,810		44,737
				727,175
Hotels, Restaurants & Leisure — 3.4%
Aramark		20,945		681,131
Bally's Corp. *@		797		11,110
Biglari Holdings, Inc., Class A *		7		6,622
Biglari Holdings, Inc., Class B *		74		14,036
BJ's Restaurants, Inc. *		2,751		99,531
Bloomin' Brands, Inc.		8,154		233,857
Boyd Gaming Corp.		2,637		177,523
Brinker International, Inc. *		5,170		256,846
Caesars Entertainment, Inc. *		5,163		225,830
Cheesecake Factory, Inc. (The) @		5,035		182,015
Choice Hotels International, Inc.		5,300		669,655
Churchill Downs, Inc.		7,622		943,222
Chuy's Holdings, Inc. *		1,904		64,222
Cracker Barrel Old Country Store, Inc. @		2,324		169,024
Dave & Buster's Entertainment, Inc. *		4,530		283,578
Denny's Corp. *		4,694		42,058
Dine Brands Global, Inc.		769		35,743
Domino's Pizza, Inc.		558		277,259
DraftKings, Inc., Class A *		6,255		284,040
El Pollo Loco Holdings, Inc. *		4,284		41,726
Everi Holdings, Inc. *		4,400		44,220
Hyatt Hotels Corp., Class A		811		129,452
Inspired Entertainment, Inc. *		1,305		12,867
International Game Technology PLC		969		21,890
Jack in the Box, Inc.		2,392		163,804
Kura Sushi USA, Inc., Class A *		365		42,033
Light & Wonder, Inc. *		1,500		153,135
Marriott Vacations Worldwide Corp.		3,349		360,788
Monarch Casino & Resort, Inc.		1,490		111,735
Nathan's Famous, Inc.		681		48,215
Norwegian Cruise Line Holdings Ltd. *@		4,482		93,808

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Hotels, Restaurants & Leisure (Continued)
Papa John's International, Inc.		3,338	$	222,311
Penn Entertainment, Inc. *		5,194		94,583
Planet Fitness, Inc., Class A *		8,887		556,593
Shake Shack, Inc., Class A *		2,266		235,732
Six Flags Entertainment Corp. *		3,483		91,673
Texas Roadhouse, Inc.		6,983		1,078,664
Travel + Leisure Co.		4,491		219,879
United Parks & Resorts, Inc. *		4,795		269,527
Vail Resorts, Inc.		2,071		461,481
Wendy's Co. (The)		22,109		416,534
Wingstop, Inc.		1,665		610,056
Wyndham Hotels & Resorts, Inc.		5,481		420,667
Wynn Resorts Ltd.		5,043		515,546
				11,074,221
Household Durables — 3.1%
Bassett Furniture Industries, Inc.		1,080		15,941
Beazer Homes USA, Inc. *		1,643		53,890
Cavco Industries, Inc. *		823		328,426
Century Communities, Inc.		3,367		324,916
Ethan Allen Interiors, Inc.		2,598		89,813
Flexsteel Industries, Inc.		1,069		39,874
GoPro, Inc., Class A *		6,985		15,577
Green Brick Partners, Inc. *		4,024		242,366
Hamilton Beach Brands Holding Co., Class A		2,000		48,720
Helen of Troy Ltd. *		2,629		302,966
Hooker Furnishings Corp.		1,742		41,825
Installed Building Products, Inc.		3,050		789,126
iRobot Corp. *@		2,014		17,643
KB Home		7,849		556,337
La-Z-Boy, Inc.		4,321		162,556
Leggett & Platt, Inc.		5,052		96,746
LGI Homes, Inc. *		624		72,615
Lifetime Brands, Inc.		2,082		21,819
Lovesac Co. (The) *		794		17,944
M/I Homes, Inc. *		3,074		418,955
Meritage Homes Corp.		3,491		612,531
Mohawk Industries, Inc. *		3,847		503,534
Newell Brands, Inc.		20,709		166,293
Orleans Homebuilders, Inc. *@§		4,953		—
Skyline Champion Corp. *		2,566		218,136
Sonos, Inc. *		3,418		65,147
Taylor Morrison Home Corp. *		9,778		607,898
Tempur Sealy International, Inc.		18,378		1,044,238
Toll Brothers, Inc.		10,507		1,359,291
TopBuild Corp. *		3,353		1,477,768
TRI Pointe Homes, Inc. *		9,397		363,288
Universal Electronics, Inc. *		1,292		12,933
VOXX International Corp. *		3,284		26,797
Whirlpool Corp.		218		26,079
				10,141,988
Household Products — 0.2%
Central Garden & Pet Co. *		1,247		53,409
Central Garden & Pet Co., Class A *		5,453		201,325
Spectrum Brands Holdings, Inc.		1,853		164,935
WD-40 Co.		1,487		376,672
				796,341
Independent Power Producers & Energy Traders — 0.7%
AES Corp. (The)		8,066		144,623
Brookfield Renewable Corp., Class A @		2,853		70,098
Clearway Energy, Inc., Class A		3,716		79,931

	SHARES		VALUE†
Clearway Energy, Inc., Class C		8,971	$	206,782
Ormat Technologies, Inc.		5,451		360,802
Sunnova Energy International, Inc. *@		7,071		43,345
Vistra Corp.		19,486		1,357,200
				2,262,781
Insurance — 3.9%
Ambac Financial Group, Inc. *		900		14,067
American Equity Investment Life Holding Co. *		5,046		283,686
American Financial Group, Inc.		3,696		504,430
AMERISAFE, Inc.		1,961		98,383
Assurant, Inc.		4,350		818,844
Assured Guaranty Ltd.		4,657		406,323
Axis Capital Holdings Ltd.		4,830		314,047
Brighthouse Financial, Inc. *		5,115		263,627
BRP Group, Inc., Class A *		3,130		90,582
Citizens, Inc. *@		6,126		13,110
CNO Financial Group, Inc.		10,476		287,881
Crawford & Co., Class A		3,214		30,308
Crawford & Co., Class B		3,345		30,339
Donegal Group, Inc., Class A		3,630		51,328
Employers Holdings, Inc.		2,665		120,964
Enstar Group Ltd. *		1,195		371,358
Everest Group Ltd.		18		7,155
F&G Annuities & Life, Inc. @		877		35,562
Fidelity National Financial, Inc.		3,987		211,710
First American Financial Corp.		7,508		458,363
Genworth Financial, Inc., Class A *		14,918		95,923
Globe Life, Inc.		3,866		449,886
Hanover Insurance Group, Inc. (The)		2,145		292,085
HCI Group, Inc. @		741		86,015
Horace Mann Educators Corp.		4,392		162,460
Investors Title Co.		279		45,530
James River Group Holdings Ltd.		829		7,710
Kemper Corp.		5,843		361,799
Kinsale Capital Group, Inc.		808		423,990
Lincoln National Corp.		7,815		249,533
MBIA, Inc. *		6,313		42,676
Mercury General Corp.		3,869		199,640
Old Republic International Corp.		20,327		624,446
Oscar Health, Inc., Class A *		3,732		55,495
Palomar Holdings, Inc. *		1,593		133,541
Primerica, Inc.		3,776		955,177
Reinsurance Group of America, Inc.		3,182		613,744
RenaissanceRe Holdings Ltd.		2,896		680,647
RLI Corp.		4,871		723,197
Safety Insurance Group, Inc.		1,493		122,710
Selective Insurance Group, Inc.		6,118		667,902
Stewart Information Services Corp.		2,578		167,725
Trupanion, Inc. *@		335		9,249
Unico American Corp. *		1,700		6
United Fire Group, Inc.		2,400		52,248
Universal Insurance Holdings, Inc.		2,828		57,465
Unum Group		14,680		787,729
White Mountains Insurance Group Ltd.		170		305,031
				12,785,626
Interactive Media & Services — 0.3%
Bumble, Inc., Class A *		2,172		24,652
Cargurus, Inc. *		1,272		29,358
Cars.com, Inc. *		3,931		67,534
DHI Group, Inc. *		8,881		22,646
Match Group, Inc. *		6,820		247,430
QuinStreet, Inc. *		858		15,152
Shutterstock, Inc.		1,210		55,430

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Interactive Media & Services (Continued)
TripAdvisor, Inc. *		6,168	$	171,409
Yelp, Inc. *		4,724		186,126
Ziff Davis, Inc. *		2,996		188,868
ZoomInfo Technologies, Inc. *		5,496		88,101
				1,096,706
IT Services — 1.0%
Amdocs Ltd.		5,319		480,678
Brightcove, Inc. *		3,324		6,449
DXC Technology Co. *		8,018		170,062
EPAM Systems, Inc. *		273		75,392
Fastly, Inc., Class A *		1,787		23,177
Globant SA *		1,874		378,361
GoDaddy, Inc., Class A *		8,025		952,407
Grid Dynamics Holdings, Inc. *		2,704		33,232
Hackett Group, Inc. (The)		3,495		84,928
Information Services Group, Inc.		2,180		8,807
Kyndryl Holdings, Inc. *		2,623		57,076
Okta, Inc. *		5,003		523,414
Perficient, Inc. *		3,654		205,684
Twilio, Inc., Class A *		5,176		316,512
				3,316,179
Leisure Equipment & Products — 0.5%
Acushnet Holdings Corp.		541		35,679
American Outdoor Brands, Inc. *		1,946		17,125
Brunswick Corp.		4,070		392,836
Escalade, Inc.		1,950		26,813
Funko, Inc., Class A *@		1,917		11,962
Hasbro, Inc.		3,807		215,172
Johnson Outdoors, Inc., Class A		1,000		46,110
Malibu Boats, Inc., Class A *		2,116		91,580
Marine Products Corp.		3,930		46,177
MasterCraft Boat Holdings, Inc. *		2,183		51,781
Mattel, Inc. *		16,916		335,106
Polaris, Inc.		3,297		330,096
Smith & Wesson Brands, Inc.		4,598		79,821
Topgolf Callaway Brands Corp. *		5,300		85,701
				1,765,959
Life Sciences Tools & Services — 1.0%
Adaptive Biotechnologies Corp. *		4,578		14,695
Avantor, Inc. *		5,810		148,562
Azenta, Inc. *		937		56,482
Bio-Rad Laboratories, Inc., Class A *		457		158,063
Bio-Techne Corp.		3,837		270,087
BioLife Solutions, Inc. *		1,278		23,707
Bruker Corp.		5,636		529,446
Charles River Laboratories International, Inc. *		800		216,760
CryoPort, Inc. *@		2,607		46,144
Harvard Bioscience, Inc. *		5,522		23,413
Medpace Holdings, Inc. *		2,141		865,285
OmniAb, Inc. *		8,462		45,864
OmniAb, Inc. *§		654		—
OmniAb, Inc. *§		654		—
Pacific Biosciences of California, Inc. *		2,709		10,159
Repligen Corp. *		3,946		725,748
Revvity, Inc.		1,314		137,970
				3,272,385

	SHARES		VALUE†
Machinery — 5.1%
AGCO Corp.		5,729	$	704,782
Alamo Group, Inc.		1,213		276,964
Albany International Corp., Class A		2,901		271,272
Allison Transmission Holdings, Inc.		6,647		539,471
Astec Industries, Inc.		1,354		59,183
Barnes Group, Inc.		4,989		185,341
Chart Industries, Inc. *@		3,344		550,824
Columbus McKinnon Corp.		2,642		117,912
Commercial Vehicle Group, Inc. *		3,758		24,164
Crane Co.		3,089		417,417
Donaldson Co., Inc.		8,206		612,824
Douglas Dynamics, Inc.		2,507		60,469
Eastern Co. (The)		1,272		43,362
Enerpac Tool Group Corp.		5,732		204,403
Enpro, Inc.		1,861		314,081
Esab Corp.		418		46,218
ESCO Technologies, Inc.		2,646		283,254
Federal Signal Corp.		5,985		507,947
Flowserve Corp.		2,564		117,124
Franklin Electric Co., Inc.		4,975		531,380
Gorman-Rupp Co. (The)		2,754		108,921
Graco, Inc.		4,511		421,598
Greenbrier Cos., Inc. (The)		2,663		138,742
Helios Technologies, Inc.		2,930		130,942
Hurco Cos., Inc.		1,000		20,160
Hyster-Yale Materials Handling, Inc.		165		10,588
ITT, Inc.		5,131		697,970
John Bean Technologies Corp.		2,745		287,923
Kadant, Inc.		1,029		337,615
Kennametal, Inc.		3,360		83,798
LB Foster Co., Class A *		1,565		42,740
Lincoln Electric Holdings, Inc.		3,365		859,556
Lindsay Corp.		1,109		130,485
Manitex International, Inc. *		1,300		8,918
Manitowoc Co., Inc. (The) *		3,607		51,003
Middleby Corp. (The) *		4,055		652,003
Miller Industries, Inc.		1,261		63,176
Mueller Industries, Inc.		12,444		671,105
Mueller Water Products, Inc., Class A		15,406		247,883
Nordson Corp.		846		232,261
Omega Flex, Inc.		1,002		71,072
Oshkosh Corp.		4,130		515,052
Park-Ohio Holdings Corp.		2,182		58,216
Pentair PLC		11,013		940,951
Perma-Pipe International Holdings, Inc. *		1,900		15,010
RBC Bearings, Inc. *		336		90,838
Shyft Group, Inc. (The)		3,913		48,599
Snap-on, Inc.		631		186,915
SPX Technologies, Inc. *		4,956		610,232
Standex International Corp.		1,107		201,718
Stanley Black & Decker, Inc.		1,887		184,794
Tennant Co.		1,721		209,291
Terex Corp.		6,303		405,913
Timken Co. (The)		6,902		603,442
Titan International, Inc. *		4,338		54,051
Toro Co. (The)		3,825		350,485
Trinity Industries, Inc.		4,908		136,688
Wabash National Corp.		4,414		132,155

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Machinery (Continued)
Watts Water Technologies, Inc., Class A		2,884	$	612,994
				16,494,195
Marine Transportation — 0.3%
Costamare, Inc.		5,728		65,013
Eagle Bulk Shipping, Inc. @		436		27,237
Kirby Corp. *		4,368		416,358
Matson, Inc.		3,669		412,395
				921,003
Media — 1.2%
Altice USA, Inc., Class A *		2,984		7,788
Boston Omaha Corp., Class A *		1,358		20,995
Cable One, Inc.		215		90,973
Entravision Communications Corp., Class A		5,678		9,312
EW Scripps Co. (The), Class A *		7,073		27,797
Fox Corp. Class A		2,939		91,903
Fox Corp. Class B		3,807		108,956
Gannett Co., Inc. *		1		2
GCI Liberty, Inc. *§		8,984		—
Gray Television, Inc.		8,433		53,297
Interpublic Group of Cos., Inc. (The)		12,645		412,606
John Wiley & Sons, Inc., Class A		3,247		123,808
Liberty Broadband Corp., Class A *		824		47,067
Liberty Broadband Corp., Class C *		2,320		132,774
Liberty Media Corp.-Liberty SiriusXM, Class A *		3,084		91,595
Liberty Media Corp.-Liberty SiriusXM, Class C *		4,202		124,841
Magnite, Inc. *		3,879		41,699
New York Times Co. (The), Class A		17,457		754,492
News Corp., Class A		19,977		522,998
News Corp., Class B		7,188		194,507
Nexstar Media Group, Inc.		3,165		545,298
Paramount Global, Class A		586		12,792
Paramount Global, Class B		6,684		78,671
PubMatic, Inc., Class A *		3,162		75,003
Saga Communications, Inc., Class A		664		14,814
Scholastic Corp.		3,519		132,701
Sinclair, Inc. @		2,132		28,718
TechTarget, Inc. *		3,517		116,342
Thryv Holdings, Inc. *		1,938		43,082
WideOpenWest, Inc. *		4,405		15,946
				3,920,777
Metals & Mining — 1.9%
Alcoa Corp.		15,179		512,898
Alpha Metallurgical Resources, Inc.		886		293,417
Arch Resources, Inc.		1,865		299,873
ATI, Inc. *		13,573		694,530
Carpenter Technology Corp.		3,912		279,395
Century Aluminum Co. *		8,912		137,156
Cleveland-Cliffs, Inc. *		21,519		489,342
Coeur Mining, Inc. *		16,461		62,058
Commercial Metals Co.		12,402		728,866
Ferroglobe PLC		10,242		51,005
Fortitude Gold Corp.		4,671		25,504
Friedman Industries, Inc.		700		13,118
Haynes International, Inc.		1,229		73,888
Hecla Mining Co.		30,869		148,480
Kaiser Aluminum Corp.		1,901		169,873
Materion Corp.		2,175		286,556
Metallus, Inc. *		5,303		117,992
MP Materials Corp. *@		6,046		86,458

	SHARES		VALUE†
Olympic Steel, Inc.		1,200	$	85,056
Radius Recycling, Inc.		2,809		59,354
Royal Gold, Inc.		4,388		534,502
Ryerson Holding Corp.		4,615		154,603
SunCoke Energy, Inc.		8,204		92,459
Tredegar Corp.		3,412		22,246
U.S. Steel Corp.		7,027		286,561
Warrior Met Coal, Inc.		738		44,797
Worthington Enterprises, Inc.		4,458		277,421
Worthington Steel, Inc.		4,458		159,819
				6,187,227
Multi-Utilities — 0.4%
Avista Corp.		6,896		241,498
Black Hills Corp.		6,023		328,856
NiSource, Inc.		19,524		540,034
Northwestern Energy Group, Inc.		4,148		211,257
Unitil Corp.		1,923		100,669
				1,422,314
Oil, Gas & Consumable Fuels — 3.3%
Adams Resources & Energy, Inc.		536		15,544
Amplify Energy Corp. *		1,867		12,341
Antero Midstream Corp.		32,353		454,883
Antero Resources Corp. *		5,180		150,220
APA Corp.		6,432		221,132
Ardmore Shipping Corp.		1,612		26,469
Berry Corp.		4,166		33,536
California Resources Corp.		3,564		196,376
Callon Petroleum Co. *		3,677		131,489
Centrus Energy Corp., Class A *		1,074		44,603
Chesapeake Energy Corp. @		4,468		396,892
Chord Energy Corp.		804		143,305
Civitas Resources, Inc.		2,093		158,880
Clean Energy Fuels Corp. *		20,279		54,348
CNX Resources Corp. *		16,780		398,022
Comstock Resources, Inc. @		10,634		98,683
CONSOL Energy, Inc.		2,376		199,014
CVR Energy, Inc.		1,556		55,487
Delek U.S. Holdings, Inc.		7,082		217,701
DHT Holdings, Inc.		11,638		133,837
Dorian LPG Ltd.		3,332		128,149
DT Midstream, Inc.		1,881		114,929
EnLink Midstream LLC *		27,038		368,798
Equitrans Midstream Corp.		22,329		278,889
Evolution Petroleum Corp. @		5,356		32,886
Green Plains, Inc. *		5,096		117,819
Gulfport Energy Corp. *		944		151,153
Hallador Energy Co. *		3,193		17,019
HF Sinclair Corp.		9,611		580,216
International Seaways, Inc.		4,383		233,176
Kosmos Energy Ltd. *		21,727		129,493
Magnolia Oil & Gas Corp., Class A		7,613		197,557
Marathon Oil Corp.		1,166		33,044
Matador Resources Co.		10,827		722,919
Murphy Oil Corp.		13,521		617,910
NACCO Industries, Inc., Class A		1,000		30,200
New Fortress Energy, Inc. @		3,932		120,280
Nordic American Tankers Ltd.		8,255		32,360
Northern Oil and Gas, Inc.		1,306		51,822
Ovintiv, Inc.		6,163		319,860
Par Pacific Holdings, Inc. *		4,135		153,243
PBF Energy, Inc., Class A		10,429		600,398
Peabody Energy Corp.		3,580		86,851
Permian Resources Corp.		26,947		475,884
Range Resources Corp.		10,825		372,705

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Oil, Gas & Consumable Fuels (Continued)
REX American Resources Corp. *		2,364	$	138,790
SandRidge Energy, Inc.		2,175		31,690
Scorpio Tankers, Inc.		2,271		162,490
SFL Corp. Ltd.		4,682		61,709
Sitio Royalties Corp., Class A		3,565		88,127
SM Energy Co.		2,124		105,881
Southwestern Energy Co. *		62,679		475,107
Talos Energy, Inc. *		3,212		44,743
Teekay Corp. *		4,339		31,588
Teekay Tankers Ltd., Class A		1,880		109,811
Texas Pacific Land Corp.		378		218,677
Vital Energy, Inc. *		1,191		62,575
Vitesse Energy, Inc.		2,544		60,369
W&T Offshore, Inc.		9,305		24,658
World Kinect Corp.		2,783		73,610
				10,800,147
Paper & Forest Products — 0.3%
Clearwater Paper Corp. *		1,838		80,376
Louisiana-Pacific Corp.		7,578		635,870
Mercer International, Inc.		7,857		78,177
Resolute Forest Products, Inc. CVR *¶§		7,629		—
Sylvamo Corp.		2,483		153,300
				947,723
Passenger Airlines — 0.3%
Alaska Air Group, Inc. *		5,834		250,804
Allegiant Travel Co.		441		33,168
American Airlines Group, Inc. *		12,202		187,301
SkyWest, Inc. *		3,627		250,553
Spirit Airlines, Inc. @		3,315		16,044
United Airlines Holdings, Inc. *		2,365		113,236
				851,106
Personal Products — 0.8%
BellRing Brands, Inc. *		7,482		441,662
Coty, Inc., Class A *		46,457		555,626
Edgewell Personal Care Co.		1,878		72,566
elf Beauty, Inc. *		4,063		796,470
Herbalife Ltd. *		600		6,030
Inter Parfums, Inc.		3,488		490,099
Medifast, Inc.		1,290		49,433
Natural Alternatives International, Inc. *		1,000		6,090
Nature's Sunshine Products, Inc. *		1,700		35,309
Nu Skin Enterprises, Inc., Class A		3,048		42,154
United-Guardian, Inc.		600		4,638
USANA Health Sciences, Inc. *		2,205		106,942
				2,607,019
Pharmaceuticals — 0.9%
Amphastar Pharmaceuticals, Inc. *		5,315		233,382
ANI Pharmaceuticals, Inc. *		1,669		115,378
Catalent, Inc. *		3,128		176,575
Collegium Pharmaceutical, Inc. *		2,590		100,544
Corcept Therapeutics, Inc. *		7,842		197,540
Edgewise Therapeutics, Inc. *		1,162		21,195
Elanco Animal Health, Inc. *		2,020		32,886
Harmony Biosciences Holdings, Inc. *		1,923		64,574
Innoviva, Inc. *		5,963		90,876
Jazz Pharmaceuticals PLC *		3,913		471,203
Ligand Pharmaceuticals, Inc. *		1,727		126,244

	SHARES		VALUE†
Organon & Co.		8,187	$	153,916
Pacira BioSciences, Inc. *		1,786		52,187
Perrigo Co. PLC		6,512		209,621
Prestige Consumer Healthcare, Inc. *		5,152		373,829
SIGA Technologies, Inc.		1,900		16,264
Supernus Pharmaceuticals, Inc. *		5,158		175,939
Taro Pharmaceutical Industries Ltd. *		438		18,545
Viatris, Inc.		18,447		220,257
				2,850,955
Professional Services — 3.2%
ASGN, Inc. *		5,178		542,447
Barrett Business Services, Inc.		799		101,249
CACI International, Inc., Class A *		2,374		899,342
CBIZ, Inc. *		5,331		418,484
Concentrix Corp.		3,341		221,241
Conduent, Inc. *		5,702		19,273
CRA International, Inc.		773		115,625
CSG Systems International, Inc.		2,945		151,785
Dayforce, Inc. *@		3,385		224,121
ExlService Holdings, Inc. *		17,683		562,319
Exponent, Inc.		5,450		450,660
Forrester Research, Inc. *		2,360		50,882
Franklin Covey Co. *		1,628		63,915
FTI Consulting, Inc. *		3,603		757,675
Genpact Ltd.		12,745		419,948
Heidrick & Struggles International, Inc.		1,928		64,896
Huron Consulting Group, Inc. *		1,957		189,085
ICF International, Inc.		2,012		303,068
Insperity, Inc.		3,407		373,441
KBR, Inc.		12,616		803,135
Kelly Services, Inc., Class A		3,132		78,425
Kforce, Inc.		1,735		122,352
Korn Ferry		4,964		326,433
Leidos Holdings, Inc.		686		89,928
ManpowerGroup, Inc.		2,941		228,339
Mastech Digital, Inc. *		2,122		19,098
Maximus, Inc.		2,874		241,129
NV5 Global, Inc. *		1,602		157,012
Paycom Software, Inc.		137		27,264
Paylocity Holding Corp. *		2,396		411,777
RCM Technologies, Inc. *		1,296		27,696
Resources Connection, Inc.		3,396		44,691
Robert Half, Inc.		7,950		630,276
Science Applications International Corp.		2,559		333,668
SS&C Technologies Holdings, Inc.		2,637		169,744
TransUnion		910		72,618
TriNet Group, Inc.		3,424		453,646
TrueBlue, Inc. *		3,431		42,956
TTEC Holdings, Inc.		4,929		51,114
Verra Mobility Corp. *		10,023		250,274
				10,511,031
Real Estate Management & Development — 0.7%
Cushman & Wakefield PLC *		5,956		62,300
Douglas Elliman, Inc. *		8,113		12,818
Forestar Group, Inc. *		3,530		141,871
FRP Holdings, Inc. *		200		12,280
Howard Hughes Holdings, Inc. *		1,369		99,417
Jones Lang LaSalle, Inc. *		3,879		756,754
Kennedy-Wilson Holdings, Inc.		8,346		71,609
Marcus & Millichap, Inc.		3,263		111,497

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Real Estate Management & Development (Continued)
Maui Land & Pineapple Co., Inc. *		2,324	$	50,338
Newmark Group, Inc., Class A		11,400		126,426
RMR Group, Inc. (The), Class A		1,159		27,816
St. Joe Co. (The)		3,300		191,301
Stratus Properties, Inc. *		313		7,146
Tejon Ranch Co. *		2,249		34,657
Zillow Group, Inc., Class A *		2,824		135,156
Zillow Group, Inc., Class C *		6,550		319,509
				2,160,895
Semiconductors & Semiconductor Equipment — 3.0%
Allegro MicroSystems, Inc. *		1,272		34,293
Alpha & Omega Semiconductor Ltd. *		2,886		63,607
Ambarella, Inc. *		2,341		118,853
Amkor Technology, Inc.		25,678		827,859
Amtech Systems, Inc. *		2,822		15,267
Axcelis Technologies, Inc. *		3,412		380,506
AXT, Inc. *		5,653		25,947
CEVA, Inc. *		3,095		70,288
Cirrus Logic, Inc. *		5,956		551,287
Cohu, Inc. *		5,114		170,450
Diodes, Inc. *		4,900		345,450
Enphase Energy, Inc. *		733		88,678
FormFactor, Inc. *		8,126		370,789
GSI Technology, Inc. *@		4,641		15,779
Ichor Holdings Ltd. *		400		15,448
Kulicke & Soffa Industries, Inc.		5,924		298,037
Lattice Semiconductor Corp. *		12,472		975,685
MACOM Technology Solutions Holdings, Inc. *		2,196		210,025
Magnachip Semiconductor Corp. *		4,588		25,601
MaxLinear, Inc. *		7,715		144,039
MKS Instruments, Inc.		1,144		152,152
NVE Corp.		502		45,270
Onto Innovation, Inc. *		4,376		792,406
PDF Solutions, Inc. *		4,938		166,263
Photronics, Inc. *		7,008		198,467
Power Integrations, Inc.		6,164		441,034
Qorvo, Inc. *		2,760		316,931
Rambus, Inc. *		11,347		701,358
Semtech Corp. *@		7,337		201,694
Silicon Laboratories, Inc. *		3,386		486,636
Synaptics, Inc. *		4,162		406,045
Ultra Clean Holdings, Inc. *		4,298		197,450
Universal Display Corp.		3,037		511,583
Veeco Instruments, Inc. *		4,666		164,103
Wolfspeed, Inc. *@		10,030		295,885
				9,825,165
Software — 3.1%
A10 Networks, Inc.		6,016		82,359
ACI Worldwide, Inc. *		11,727		389,454
Adeia, Inc.		7,577		82,741
Agilysys, Inc. *		2,848		239,972
Alarm.com Holdings, Inc. *		3,799		275,314
Altair Engineering, Inc., Class A *		3,033		261,293
American Software, Inc., Class A		4,461		51,078
AppLovin Corp., Class A *		2,866		198,385
Aspen Technology, Inc. *		2,122		452,580
Bill Holdings, Inc. *		3,263		224,233
Blackbaud, Inc. *		5,719		424,007
Box, Inc., Class A *		6,867		194,473
CommVault Systems, Inc. *		2,675		271,325
Consensus Cloud Solutions, Inc. *		1,449		22,981

	SHARES		VALUE†
Digital Turbine, Inc. *		635	$	1,664
DocuSign, Inc. *		5,868		349,439
Dolby Laboratories, Inc., Class A		2,819		236,148
DoubleVerify Holdings, Inc. *		6,316		222,071
Dropbox, Inc., Class A *		14,286		347,150
Dynatrace, Inc. *		7,032		326,566
eGain Corp. *		4,304		27,761
Elastic NV *		966		96,832
Envestnet, Inc. *		3,097		179,347
EverCommerce, Inc. *		921		8,676
Gen Digital, Inc.		20,625		462,000
Guidewire Software, Inc. *		3,956		461,705
InterDigital, Inc. @		2,792		297,236
Jamf Holding Corp. *		4,792		87,933
JFrog Ltd. *		479		21,181
LiveRamp Holdings, Inc. *		7,539		260,096
Manhattan Associates, Inc. *		675		168,905
MeridianLink, Inc. *		2,090		39,083
Mitek Systems, Inc. *		1,166		16,441
N-able, Inc. *		8,171		106,795
Nutanix, Inc., Class A *		4,947		305,329
Olo, Inc., Class A *		2,551		14,005
PowerSchool Holdings, Inc., Class A *		3,215		68,447
Procore Technologies, Inc. *		3,536		290,553
Progress Software Corp.		4,772		254,395
Qualys, Inc. *		3,876		646,788
Rimini Street, Inc. *		4,492		14,644
Sapiens International Corp. NV		2,496		80,271
SentinelOne, Inc., Class A *		5,750		134,033
SolarWinds Corp. *		5,202		65,649
SPS Commerce, Inc. *		2,160		399,384
Teradata Corp. *		6,462		249,886
UiPath, Inc., Class A *		10,245		232,254
Unity Software, Inc. *@		11,422		304,967
Verint Systems, Inc. *		6,847		226,978
Vertex, Inc., Class A *		1,558		49,482
Xperi, Inc. *		3,030		36,542
Yext, Inc. *		4,488		27,063
				10,287,894
Specialty Retail — 4.0%
1-800-Flowers.com, Inc., Class A *		3,880		42,020
Aaron's Co., Inc. (The)		4,459		33,442
Abercrombie & Fitch Co., Class A *		3,727		467,105
Academy Sports & Outdoors, Inc.		2,614		176,550
Advance Auto Parts, Inc.		3,409		290,072
America's Car-Mart, Inc. *		822		52,501
American Eagle Outfitters, Inc.		19,472		502,183
Asbury Automotive Group, Inc. *		2,143		505,276
AutoNation, Inc. *		4,060		672,255
Bath & Body Works, Inc.		5,771		288,665
Boot Barn Holdings, Inc. *		3,091		294,109
Buckle, Inc. (The)		5,018		202,075
Build-A-Bear Workshop, Inc.		1,640		48,987
Burlington Stores, Inc. *		1,120		260,053
Caleres, Inc.		3,874		158,950
CarMax, Inc. *		4,370		380,671
CarParts.com, Inc. *		2,801		4,538
Cato Corp. (The), Class A		2,638		15,221
Children's Place, Inc. (The) *		1,314		15,164
Citi Trends, Inc. *		818		22,192
Conn's, Inc. *		3,722		12,469
Destination XL Group, Inc. *		3,560		12,816
Dick's Sporting Goods, Inc.		2,101		472,431
Duluth Holdings, Inc., Class B *		1,185		5,806

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Specialty Retail (Continued)
Five Below, Inc. *		5,505	$	998,497
Floor & Decor Holdings, Inc., Class A *		4,489		581,864
Foot Locker, Inc.		3,452		98,382
GameStop Corp., Class A *		8,267		103,503
Gap, Inc. (The)		2,272		62,594
Genesco, Inc. *		1,490		41,929
Group 1 Automotive, Inc.		1,502		438,929
Guess?, Inc.		5,086		160,056
Haverty Furniture Cos., Inc.		1,983		67,660
Hibbett, Inc.		1,600		122,896
Leslie's, Inc. *		6,363		41,359
Lithia Motors, Inc.		2,910		875,503
MarineMax, Inc. *		2,209		73,471
Monro, Inc.		3,090		97,459
Murphy USA, Inc.		2,265		949,488
National Vision Holdings, Inc. *		2,877		63,754
ODP Corp. (The) *		3,360		178,248
Penske Automotive Group, Inc.		1,742		282,187
PetMed Express, Inc. @		2,360		11,304
Revolve Group, Inc. *		706		14,946
RH *		318		110,747
Sally Beauty Holdings, Inc. *		3,610		44,836
Shoe Carnival, Inc.		3,062		112,192
Signet Jewelers Ltd.		4,741		474,432
Sleep Number Corp. *		3,221		51,633
Sonic Automotive, Inc., Class A		3,080		175,375
Sportsman's Warehouse Holdings, Inc. *		3,058		9,510
Tilly's, Inc., Class A *		1,836		12,485
Upbound Group, Inc.		6,271		220,802
Urban Outfitters, Inc. *		2,086		90,574
Valvoline, Inc. *		6,915		308,202
Victoria's Secret & Co. *		2,341		45,369
Williams-Sonoma, Inc.		3,597		1,142,155
Winmark Corp.		455		164,573
Zumiez, Inc. *		2,406		36,547
				13,199,012
Textiles, Apparel & Luxury Goods — 1.2%
Capri Holdings Ltd. *		8,276		374,903
Carter's, Inc.		1,442		122,109
Columbia Sportswear Co.		3,907		317,170
Delta Apparel, Inc. *		1,153		3,447
Figs, Inc., Class A *		2,862		14,253
G-III Apparel Group Ltd. *		5,008		145,282
Kontoor Brands, Inc.		2,384		143,636
Lakeland Industries, Inc.		1,669		30,543
Movado Group, Inc.		2,220		62,005
Oxford Industries, Inc.		1,665		187,146
PVH Corp.		1,378		193,761
Ralph Lauren Corp.		2,279		427,905
Rocky Brands, Inc.		1,000		27,130
Skechers U.S.A., Inc., Class A *		6,530		400,028
Steven Madden Ltd.		7,918		334,773
Superior Group of Cos., Inc.		2,200		36,344
Tapestry, Inc.		18,072		858,059
Under Armour, Inc., Class A *		2,222		16,398
Under Armour, Inc., Class C *		1,318		9,410
Unifi, Inc. *		2,394		14,340
VF Corp.		1,731		26,553

	SHARES		VALUE†
Wolverine World Wide, Inc.		5,855	$	65,634
				3,810,829
Tobacco — 0.1%
Turning Point Brands, Inc.		1,280		37,504
Universal Corp.		2,612		135,093
Vector Group Ltd.		12,276		134,545
				307,142
Trading Companies & Distributors — 1.8%
Air Lease Corp.		5,985		307,868
Applied Industrial Technologies, Inc.		4,081		806,202
Beacon Roofing Supply, Inc. *		6,560		643,011
Boise Cascade Co.		3,680		564,402
Core & Main, Inc., Class A *		2,709		155,090
Distribution Solutions Group, Inc. *		224		7,948
DNOW, Inc. *		6,508		98,922
DXP Enterprises, Inc. *		1,824		98,004
GATX Corp.		3,309		443,505
Global Industrial Co.		3,603		161,342
GMS, Inc. *		2,900		282,286
H&E Equipment Services, Inc.		3,452		221,549
Herc Holdings, Inc.		2,648		445,658
MRC Global, Inc. *		5,657		71,109
MSC Industrial Direct Co., Inc., Class A		936		90,830
Rush Enterprises, Inc., Class A		7,718		413,067
SiteOne Landscape Supply, Inc. *		413		72,089
Titan Machinery, Inc. *		2,515		62,397
WESCO International, Inc.		4,569		782,578
Willis Lease Finance Corp. *		900		44,658
				5,772,515
Water Utilities — 0.4%
American States Water Co.		4,082		294,884
Artesian Resources Corp., Class A		1,177		43,678
California Water Service Group		6,097		283,389
Consolidated Water Co. Ltd.		1,751		51,322
Essential Utilities, Inc.		8,329		308,589
Middlesex Water Co.		2,133		111,982
Pure Cycle Corp. *		1,000		9,500
SJW Group		2,989		169,148
York Water Co. (The)		1,803		65,395
				1,337,887
Wireless Telecommunication Services — 0.1%
Gogo, Inc. *		1,021		8,964
Shenandoah Telecommunications Co.		6,413		111,394
Spok Holdings, Inc.		2,839		45,282
U.S. Cellular Corp. *		1,551		56,612
				222,252
TOTAL COMMON STOCKS (Identified Cost $163,961,823)				326,202,562
PREFERRED STOCKS — 0.0%
Media — 0.0%
Liberty Broadband Corp. 7.000%		1,225		28,543
TOTAL PREFERRED STOCKS (Identified Cost $4,658)				28,543
SHORT-TERM INVESTMENTS — 0.6%
Investment Company — 0.2%
State Street Institutional U.S. Government Money Market Fund 5.010%		519,769		519,769

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

SA U.S. Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
SHORT-TERM INVESTMENTS (Continued)
Collateral For Securities On Loan — 0.4%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%	$	1,297,674	$	1,297,674
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $1,817,443)				1,817,443
Total Investments — 100.5% (Identified Cost $165,783,924)				328,048,548
Liabilities in excess of Cash and Other Assets — (0.5%)				(1,496,412	)
Net Assets — 100.0%			$	326,552,136

†	See Note 1
*	Non-income producing security
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $5,795,478.
¶	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 March 31, 2024
(As a percentage of long-term investments) (Unaudited)

Sector	Percentage
Industrials		22.0	%
Financials		18.3	%
Consumer Discretionary		15.9	%
Information Technology		11.9	%
Health Care		9.5	%
Materials		6.4	%
Consumer Staples		4.9	%
Energy		4.6	%
Utilities		3.6	%
Other		2.9	%
		100.0	%

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 97.9%
Australia — 6.1%
Ampol Ltd.		9,808	$	254,313
ANZ Group Holdings Ltd.		171,032		3,276,719
Aurizon Holdings Ltd.		293,809		765,843
Bendigo & Adelaide Bank Ltd. @		40,324		269,341
BlueScope Steel Ltd.		156,620		2,434,165
Challenger Ltd. @		30,072		139,331
Cleanaway Waste Management Ltd. @		139,337		246,973
Evolution Mining Ltd.		260,215		607,057
Harvey Norman Holdings Ltd. @		136,089		456,714
Incitec Pivot Ltd.		195,063		367,356
Insurance Australia Group Ltd.		23,277		97,078
National Australia Bank Ltd.		258,849		5,843,039
Northern Star Resources Ltd.		111,364		1,050,093
Orica Ltd. @		50,333		598,919
Origin Energy Ltd.		168,307		1,009,031
QBE Insurance Group Ltd.		61,986		732,328
Rio Tinto Ltd. @		18,815		1,492,874
Santos Ltd.		542,800		2,741,296
Seven Group Holdings Ltd. @		3,940		104,677
Sonic Healthcare Ltd.		60,106		1,151,933
South32 Ltd. @		715,837		1,399,426
Suncorp Group Ltd.		169,164		1,805,661
TPG Telecom Ltd. @		41,292		121,355
Westpac Banking Corp.		199,169		3,387,480
Whitehaven Coal Ltd.		137,340		635,433
Woodside Energy Group Ltd.		157,968		3,139,666
Worley Ltd.		30,039		327,880
Yancoal Australia Ltd. @		33,779		115,343
				34,571,324
Austria — 0.2%
Erste Group Bank AG		1,782		79,400
Mondi PLC		39,669		698,702
OMV AG		4,549		215,251
				993,353
Belgium — 0.7%
Ageas SA		21,755		1,007,349
KBC Group NV		25,395		1,901,927
Solvay SA @		9,936		271,202
Syensqo SA *		9,936		940,953
				4,121,431
Bermuda — 0.0%
Golden Ocean Group Ltd.		18,503		232,981
Canada — 9.9%
Agnico Eagle Mines Ltd.		48,665		2,902,867
AltaGas Ltd. @		24,518		541,566
ARC Resources Ltd. @		28,212		502,986
Bank of Montreal		3,225		314,869
Bank of Montreal @		55,679		5,438,725
Bank of Nova Scotia (The) @		76,783		3,975,824
Bank of Nova Scotia (The) @		18,431		953,424
Barrick Gold Corp.		6,661		110,791
Barrick Gold Corp.		76,976		1,280,881
Brookfield Corp., Class A @		5,620		235,309
Canadian Imperial Bank of Commerce @		18,668		946,841
Canadian Imperial Bank of Commerce		81,273		4,120,200
Cenovus Energy, Inc. @		53,936		1,078,181
Fairfax Financial Holdings Ltd.		3,439		3,706,976
First Quantum Minerals Ltd.		25,434		273,389
iA Financial Corp., Inc.		16,360		1,016,348
Imperial Oil Ltd. @		2,900		200,477
Kinross Gold Corp.		173,331		1,063,365
Kinross Gold Corp.		40,702		249,503

	SHARES		VALUE†
Lundin Mining Corp.		133,036	$	1,361,248
Magna International, Inc. @		52,493		2,859,819
Manulife Financial Corp. @		176,474		4,410,085
MEG Energy Corp. *		17,402		399,544
Nutrien Ltd.		71,837		3,901,468
Suncor Energy, Inc. ¥		67,770		2,501,068
Suncor Energy, Inc.		75,341		2,780,836
Teck Resources Ltd., Class B		103,946		4,758,648
Toronto-Dominion Bank (The)		1,749		105,556
Toronto-Dominion Bank (The) @		28,089		1,696,014
Tourmaline Oil Corp.		28,189		1,317,935
West Fraser Timber Co. Ltd. @		9,956		859,661
Whitecap Resources, Inc. @		20,029		151,561
				56,015,965
China — 0.1%
ESR Group Ltd. @±		165,600		177,091
Prosus NV		18,084		567,251
				744,342
Denmark — 2.6%
AP Moller - Maersk AS, Class A		191		244,073
AP Moller - Maersk AS, Class B		261		339,526
Carlsberg AS, Class B		15,826		2,159,927
Coloplast AS, Class B		4,543		612,668
Danske Bank AS		41,578		1,242,436
Demant AS *		12,776		633,825
DSV AS		16,777		2,722,621
Genmab AS *		4,957		1,494,158
H Lundbeck AS		21,000		100,902
Novonesis (Novozymes), Class B		40,558		2,376,983
Pandora AS		7,588		1,223,172
ROCKWOOL AS, Class B *		1,053		345,575
Tryg AS		15,313		314,949
Vestas Wind Systems AS *		26,882		750,411
				14,561,226
Finland — 0.6%
Fortum OYJ @		25,594		316,020
Nokia OYJ		18,157		64,467
Nokia OYJ, ADR		486,141		1,720,939
Nordea Bank Abp		47,570		537,330
Stora Enso OYJ, Class R @		67,207		934,243
				3,572,999
France — 11.5%
Adevinta ASA *		8,113		85,042
Amundi SA ±		5,568		382,348
Arkema SA		12,548		1,320,439
BNP Paribas SA		57,117		4,058,337
Bollore SE		117,541		784,948
Bouygues SA		48,843		1,993,424
Carrefour SA		128,110		2,194,107
Cie de Saint-Gobain SA		92,022		7,141,061
Cie Generale des Etablissements Michelin SCA		119,912		4,595,118
Credit Agricole SA		62,747		935,269
Eiffage SA		11,127		1,262,259
Engie SA		96,094		1,607,937
Orange SA		322,578		3,789,168
Publicis Groupe SA		20,708		2,257,540
Renault SA		29,529		1,490,765
Rexel SA		28,911		780,701
Sanofi SA		54,372		5,335,643
Societe Generale SA		61,863		1,655,841
TotalEnergies SE @		332,966		22,799,715
Vinci SA		1,446		185,268

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

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
France (Continued)
Vivendi SE		40,220	$	438,253
				65,093,183
Germany — 6.6%
BASF SE		65,229		3,724,806
Bayer AG		93,338		2,862,835
Bayerische Motoren Werke AG		40,060		4,622,675
Commerzbank AG		122,047		1,676,164
Continental AG		11,926		860,760
Covestro AG *±		16,685		912,271
Daimler Truck Holding AG		61,594		3,120,524
Deutsche Bank AG		46,122		725,582
Deutsche Bank AG		92,725		1,462,273
Deutsche Telekom AG		18,680		453,441
Evonik Industries AG		20,942		414,022
Fresenius Medical Care AG		20,893		803,566
Fresenius SE & Co. KGaA		34,117		920,178
Hapag-Lloyd AG @±		402		60,587
Heidelberg Materials AG		25,898		2,848,489
Henkel AG & Co. KGaA		2,252		162,198
Mercedes-Benz Group AG		122,485		9,753,470
RWE AG		32,833		1,114,372
Siemens Energy AG *		13,742		252,108
Volkswagen AG		4,164		636,114
				37,386,435
Hong Kong — 1.2%
BOC Hong Kong Holdings Ltd.		302,500		809,692
Cathay Pacific Airways Ltd. @*		230,363		261,652
CK Asset Holdings Ltd.		210,069		864,227
CK Hutchison Holdings Ltd.		324,624		1,567,771
CK Infrastructure Holdings Ltd.		24,000		140,439
Hang Lung Properties Ltd.		45,000		46,110
Henderson Land Development Co. Ltd.		112,684		321,053
Hong Kong & China Gas Co. Ltd.		135,000		102,282
MTR Corp. Ltd.		25,669		84,613
Sun Hung Kai Properties Ltd.		111,677		1,076,548
Swire Pacific Ltd., Class A		53,500		440,200
Swire Pacific Ltd., Class B		127,500		166,158
Tsim Sha Tsui Properties Ltd. @		6,907		16,132
WH Group Ltd. ±		1,427,959		941,403
				6,838,280
Ireland — 0.3%
AIB Group PLC		42,862		217,521
Bank of Ireland Group PLC		56,367		574,669
Flutter Entertainment PLC *		3,025		602,863
Smurfit Kappa Group PLC		10,152		462,961
				1,858,014
Israel — 0.5%
Bank Hapoalim BM		56,083		525,924
Bank Leumi Le-Israel BM		144,144		1,198,439
Delek Group Ltd.		904		118,235
Harel Insurance Investments & Financial Services Ltd. *		13,270		127,725
Israel Discount Bank Ltd., Class A		113,725		588,601
Menora Mivtachim Holdings Ltd.		591		15,881
Phoenix Holdings Ltd. (The)		11,727		117,115
				2,691,920

	SHARES		VALUE†
Italy — 1.6%
Banco BPM SpA		43,063	$	286,556
Eni SpA		112,330		1,775,150
Intesa Sanpaolo SpA		132,936		482,315
Telecom Italia SpA @*		570,741		138,604
UniCredit SpA		172,773		6,556,484
				9,239,109
Japan — 22.1%
AGC, Inc.		48,500		1,756,355
Air Water, Inc.		14,100		219,864
Aisin Corp.		22,500		915,131
Alfresa Holdings Corp.		10,900		157,905
Amada Co. Ltd.		37,100		422,638
Asahi Group Holdings Ltd.		26,300		963,187
Asahi Kasei Corp.		191,300		1,398,924
Bridgestone Corp.		26,000		1,149,201
Brother Industries Ltd.		35,600		658,240
Canon Marketing Japan, Inc.		7,400		217,434
Canon, Inc. @		5,400		160,559
Chiba Bank Ltd. (The)		63,800		529,981
Coca-Cola Bottlers Japan Holdings, Inc.		8,000		117,823
COMSYS Holdings Corp.		2,900		67,701
Concordia Financial Group Ltd.		111,200		557,689
Cosmo Energy Holdings Co. Ltd.		11,900		595,236
Dai-ichi Life Holdings, Inc.		77,400		1,968,490
Daicel Corp.		52,000		511,653
Daiwa House Industry Co. Ltd.		42,100		1,247,871
Daiwa Securities Group, Inc.		41,200		311,898
Dentsu Group, Inc.		15,200		420,716
Dowa Holdings Co. Ltd.		9,600		329,893
ENEOS Holdings, Inc.		470,600		2,259,116
FUJIFILM Holdings Corp.		44,700		1,000,420
Fujikura Ltd.		10,500		154,677
Fukuoka Financial Group, Inc. @		13,600		361,876
Hachijuni Bank Ltd. (The)		8,600		57,862
Hakuhodo DY Holdings, Inc.		10,500		94,332
Hankyu Hanshin Holdings, Inc.		26,100		746,896
Haseko Corp.		30,800		379,761
Hitachi Construction Machinery Co. Ltd.		8,000		240,349
Honda Motor Co. Ltd.		466,200		5,738,959
Idemitsu Kosan Co. Ltd.		147,000		1,003,111
Iida Group Holdings Co. Ltd. @		26,100		336,465
INFRONEER Holdings, Inc. @		12,800		122,436
Inpex Corp.		144,500		2,194,991
Isetan Mitsukoshi Holdings Ltd. @		25,900		419,177
Isuzu Motors Ltd.		85,200		1,147,594
Iwatani Corp.		4,900		263,580
J Front Retailing Co. Ltd.		35,100		388,841
Japan Post Holdings Co. Ltd.		71,600		720,115
Japan Post Insurance Co. Ltd.		4,500		85,895
JFE Holdings, Inc.		50,400		831,843
JTEKT Corp.		43,200		406,231
Kajima Corp.		54,000		1,104,043
Kamigumi Co. Ltd.		15,700		344,844
Kawasaki Heavy Industries Ltd. @		30,100		985,239
Kobe Steel Ltd. @		43,300		584,656
Koito Manufacturing Co. Ltd.		22,800		306,500
Komatsu Ltd.		37,400		1,102,630
Kubota Corp.		31,200		487,745
Kuraray Co. Ltd.		76,400		815,327

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

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Japan (Continued)
Kyoto Financial Group, Inc.		26,000	$	467,426
Lixil Corp.		42,700		524,935
LY Corp.		188,400		476,040
Mabuchi Motor Co. Ltd.		10,200		185,329
Marubeni Corp.		44,000		758,766
Mazda Motor Corp.		65,100		757,522
Mebuki Financial Group, Inc.		83,070		272,126
Medipal Holdings Corp.		17,700		270,212
Mitsubishi Chemical Group Corp.		185,800		1,128,326
Mitsubishi Corp.		270,600		6,226,052
Mitsubishi Electric Corp.		57,800		962,761
Mitsubishi Estate Co. Ltd.		82,000		1,486,920
Mitsubishi Gas Chemical Co., Inc.		21,400		357,798
Mitsubishi Logistics Corp.		2,500		80,757
Mitsubishi Motors Corp. @		88,400		289,353
Mitsubishi UFJ Financial Group, Inc.		206,400		2,092,905
Mitsubishi UFJ Financial Group, Inc., ADR @		391,058		4,000,523
Mitsui Chemicals, Inc. @		47,200		1,380,018
Mitsui Fudosan Co. Ltd.		162,300		1,740,613
Mizuho Financial Group, Inc.		116,740		2,304,262
MS&AD Insurance Group Holdings, Inc.		74,184		1,305,742
NEC Corp.		24,500		1,782,716
NGK Insulators Ltd.		41,200		552,763
NH Foods Ltd.		11,033		368,860
Nikon Corp. @		17,200		173,272
NIPPON EXPRESS HOLDINGS, Inc.		15,900		809,705
Nippon Steel Corp. @		60,327		1,446,206
Nissan Motor Co. Ltd. @		222,800		878,955
Niterra Co. Ltd. @		18,000		595,363
Nomura Holdings, Inc.		175,700		1,119,104
Nomura Real Estate Holdings, Inc.		23,700		667,414
NSK Ltd.		59,600		338,828
Obayashi Corp.		72,500		858,956
Oji Holdings Corp. @		226,000		936,964
Otsuka Holdings Co. Ltd.		10,100		418,398
Panasonic Holdings Corp.		194,100		1,844,450
Resona Holdings, Inc.		206,800		1,273,204
Resonac Holdings Corp.		14,000		324,244
Ricoh Co. Ltd.		81,000		717,806
Rohm Co. Ltd.		24,600		392,531
Sankyu, Inc.		1,500		51,466
SBI Holdings, Inc.		20,500		535,589
Seiko Epson Corp. @		40,700		708,446
Seino Holdings Co. Ltd. @		20,400		279,695
Sekisui Chemical Co. Ltd.		16,000		233,373
Sekisui House Ltd.		42,700		968,634
Shimizu Corp. @		49,600		319,297
Shizuoka Financial Group, Inc.		46,000		436,359
Sohgo Security Services Co. Ltd.		12,000		65,002
Sojitz Corp.		35,820		940,813
Sompo Holdings, Inc.		28,800		601,189
Subaru Corp.		90,700		2,052,703
SUMCO Corp.		46,300		728,388
Sumitomo Chemical Co. Ltd. @		157,200		340,922
Sumitomo Corp.		84,300		2,021,462
Sumitomo Electric Industries Ltd.		164,200		2,532,745
Sumitomo Forestry Co. Ltd.		33,800		1,059,683
Sumitomo Heavy Industries Ltd.		26,000		814,969
Sumitomo Metal Mining Co. Ltd.		35,500		1,051,305
Sumitomo Mitsui Financial Group, Inc.		71,100		4,148,204
Sumitomo Mitsui Trust Holdings, Inc.		49,800		1,071,795
Sumitomo Realty & Development Co. Ltd.		42,000		1,558,145

	SHARES		VALUE†
Sumitomo Rubber Industries Ltd.		42,800	$	525,316
Suzuken Co. Ltd.		1,100		33,477
Suzuki Motor Corp.		82,800		941,332
Taiheiyo Cement Corp.		7,500		172,216
Taisei Corp.		7,200		261,736
Takashimaya Co. Ltd.		13,100		208,555
Takeda Pharmaceutical Co. Ltd.		126,173		3,503,139
Teijin Ltd.		13,099		118,590
THK Co. Ltd.		10,700		250,218
Tokyo Tatemono Co. Ltd.		37,600		632,255
Tokyu Fudosan Holdings Corp.		132,300		1,064,046
Toray Industries, Inc.		166,100		796,156
Tosoh Corp.		58,300		789,696
Toyo Seikan Group Holdings Ltd.		16,700		262,503
Toyo Tire Corp.		7,400		139,172
Toyoda Gosei Co. Ltd.		15,300		335,553
Toyota Boshoku Corp.		9,700		164,614
Toyota Motor Corp.		322,150		8,099,504
Toyota Tsusho Corp.		16,000		1,091,822
Yamada Holdings Co. Ltd.		48,000		138,946
Yamaha Motor Co. Ltd.		111,600		1,024,364
Yokohama Rubber Co. Ltd. (The)		27,600		741,324
Zeon Corp.		12,700		110,280
				125,857,023
Netherlands — 5.0%
ABN AMRO Group NV, GDR ±		42,957		734,555
Aegon Ltd.		149,418		910,778
Akzo Nobel NV		17,322		1,292,825
ArcelorMittal SA @		53,395		1,472,634
ArcelorMittal SA =		1,708		46,905
ASR Nederland NV		2,953		144,606
Coca-Cola Europacific Partners PLC		11,332		800,772
Heineken NV		16,759		1,615,307
ING Groep NV		253,754		4,173,783
JDE Peet's NV @		9,259		194,387
Koninklijke Ahold Delhaize NV		179,778		5,376,390
Koninklijke KPN NV		263,030		983,546
Koninklijke Philips NV ¢		34,541		693,344
Koninklijke Philips NV @*		17,339		346,780
NN Group NV		31,090		1,436,245
Randstad NV @		16,773		885,234
Stellantis NV		191,757		5,450,175
Stellantis NV @		56,317		1,593,771
				28,152,037
New Zealand — 0.2%
Auckland International Airport Ltd. @		100,959		503,655
Fletcher Building Ltd. @		101,890		250,802
Genesis Energy Ltd.		26,157		38,444
Infratil Ltd.		22,728		147,873
Mercury NZ Ltd.		18,796		77,822
Port of Tauranga Ltd.		3,033		9,785
Ryman Healthcare Ltd. @*		22,869		62,167
Summerset Group Holdings Ltd.		14,844		101,101
				1,191,649
Norway — 0.5%
Aker BP ASA		20,563		511,021
DNB Bank ASA		34,741		688,324
Norsk Hydro ASA		88,167		482,395
SpareBank 1 SR-Bank ASA		18,440		230,999
Stolt-Nielsen Ltd.		3,929		144,761
Subsea 7 SA		28,831		458,231
Wallenius Wilhelmsen ASA		13,553		110,294

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

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Norway (Continued)
Yara International ASA		13,680	$	432,080
				3,058,105
Portugal — 0.1%
EDP Renovaveis SA @		8,006		108,354
Galp Energia SGPS SA		16,108		266,146
				374,500
Singapore — 0.9%
BW LPG Ltd. ±		5,825		64,922
CapitaLand Investment Ltd.		167,400		332,258
City Developments Ltd. @		34,200		148,173
Great Eastern Holdings Ltd.		3,000		40,481
Hongkong Land Holdings Ltd.		101,200		310,684
Keppel Ltd.		241,100		1,310,627
Oversea-Chinese Banking Corp. Ltd.		82,149		820,730
Seatrium Ltd. @*		5,948,805		348,051
United Overseas Bank Ltd.		48,900		1,061,477
UOL Group Ltd.		47,218		201,076
Wilmar International Ltd.		273,400		694,510
				5,332,989
Spain — 3.1%
Banco Bilbao Vizcaya Argentaria SA		91,765		1,092,967
Banco Bilbao Vizcaya Argentaria SA, ADR @		180,366		2,135,534
Banco de Sabadell SA		74,625		117,141
Banco Santander SA		1,654,430		8,070,342
Banco Santander SA, ADR		210,864		1,020,582
CaixaBank SA @		301,099		1,459,509
Repsol SA		211,452		3,522,250
Telefonica SA, ADR @		6,496		28,647
				17,446,972
Sweden — 2.2%
Billerud Aktiebolag		22,377		200,732
Boliden AB		34,071		946,151
Dometic Group AB ±		15,032		121,531
Essity AB, Class B @		3,803		90,314
Getinge AB, Class B		7,190		144,687
Holmen AB, Class  B *		8,941		363,688
Husqvarna AB, Class B @		42,676		365,361
Loomis AB		8,247		230,213
Millicom International Cellular SA, SDR *		20,565		419,216
Securitas AB, Class B		59,785		616,337
Skandinaviska Enskilda Banken AB, Class A @		140,768		1,906,233
Skanska AB, Class B		23,704		421,862
SKF AB, Class B @		64,782		1,322,390
SKF AB, Class A		839		17,127
SSAB AB, Class A		29,362		216,704
SSAB AB, Class B		84,454		622,517
Svenska Cellulosa AB SCA, Class A		244		3,743
Svenska Cellulosa AB SCA, Class B @		25,812		396,199
Svenska Handelsbanken AB, Class A @		54,423		550,382
Svenska Handelsbanken AB, Class B		1,918		24,262
Swedbank AB, Class A @		38,879		771,115
Swedish Orphan Biovitrum AB *		7,957		198,628
Tele2 AB, Class B		45,909		376,999
Telefonaktiebolaget LM Ericsson, Class B @		195,119		1,050,697

	SHARES		VALUE†
Telia Co. AB		221,905	$	568,652
Trelleborg AB, Class B		10,544		377,177
Volvo Car AB, Class B @		7,971		216,030
Volvo Car AB, Class B @*		39,107		148,259
				12,687,206
Switzerland — 9.8%
Alcon, Inc. µ		30,384		2,518,046
Alcon, Inc.		1,965		163,665
Baloise Holding AG		4,379		686,093
Banque Cantonale Vaudoise @		1,642		190,810
Barry Callebaut AG @		108		156,758
Cie Financiere Richemont SA, Class A		33,824		5,156,955
DSM-Firmenich AG		11,057		1,257,300
Holcim AG		47,111		4,265,770
Julius Baer Group Ltd.		29,463		1,701,428
Lonza Group AG		4,850		2,905,106
Novartis AG		118,807		11,509,860
Sandoz Group AG *		24,470		738,292
Sandoz Group AG, ADR @*		572		17,217
Schindler Holding AG		196		47,813
SIG Group AG @		22,119		490,525
Swatch Group AG (The) µ		6,226		282,357
Swatch Group AG (The) @µ		1,459		338,764
Swiss Life Holding AG		4,035		2,828,549
Swiss Prime Site AG		1,574		148,438
Swiss Re AG		23,316		2,997,716
Swisscom AG *		4,128		2,523,900
UBS Group AG		208,557		6,415,004
Zurich Insurance Group AG		15,364		8,284,652
				55,625,018
United Kingdom — 11.8%
Anglo American PLC		68,697		1,692,326
Barclays PLC, ADR @		305,131		2,883,488
Barratt Developments PLC		47,310		283,992
BP PLC		299,981		1,876,824
BP PLC, ADR		106,310		4,005,761
British American Tobacco PLC		112,193		3,407,001
BT Group PLC		1,231,112		1,703,794
DCC PLC		2,839		206,395
DS Smith PLC		173,685		869,632
Endeavour Mining PLC		6,153		125,009
Glencore PLC		465,148		2,555,587
HSBC Holdings PLC		18,452		144,160
HSBC Holdings PLC, ADR @		188,706		7,427,468
Investec PLC		25,929		173,973
J Sainsbury PLC		242,304		826,948
Kingfisher PLC		299,798		943,705
Lloyds Banking Group PLC		5,403,458		3,530,018
Lloyds Banking Group PLC, ADR @		217,015		562,069
Marks & Spencer Group PLC		24,148		80,798
Natwest Group PLC		172,450		577,881
Natwest Group PLC, ADR @		116,916		795,029
Shell PLC, ADR		389,196		26,091,700
Standard Chartered PLC		184,890		1,566,771
Taylor Wimpey PLC		49,518		85,655
Tesco PLC		378,871		1,418,317
Vodafone Group PLC		3,477,659		3,092,719
				66,927,020

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

SA International Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
United States — 0.3%
CRH PLC		17,172	$	1,481,257
Newmont Corp., CDI		13,690		479,151
				1,960,408
TOTAL COMMON STOCKS (Identified Cost $420,875,198)				556,533,489
PREFERRED STOCKS — 0.8%
Germany — 0.8%
Bayerische Motoren Werke AG, 8.589%		7,858		842,674
Henkel AG & Co. KGaA, 2.487%		5,117		411,275
Porsche Automobil Holding SE, 5.221%		11,784		624,471
Volkswagen AG, 7.162%		22,302		2,955,593
				4,834,013
TOTAL PREFERRED STOCKS (Identified Cost $6,535,725)				4,834,013
SHORT-TERM INVESTMENTS — 9.9%
Investment Company — 0.1%
State Street Institutional U.S. Government Money Market Fund 5.01%		431,968		431,968
Collateral For Securities On Loan — 9.8%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%		55,692,597		55,692,597
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $56,124,565)				56,124,565
Total Investments — 108.6% (Identified Cost $483,535,488)				617,492,067
Liabilities in excess of Cash and Other Assets — (8.6%)				(49,149,398	)
Net Assets — 100.0%			$	568,342,669

†	See Note 1
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $84,177,266.
*	Non-income producing security
±	144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at March 31, 2024 amounted to $3,394,708 or 0.60% of the net assets of the Fund.
¥	Traded on the Canada, Toronto Stock Exchange.
=	Traded on the France, Euronext Paris Exchange.
¢	Traded on the Netherlands, Euronext Amsterdam Stock Market.
µ	Traded on the Switzerland, Swiss Exchange.

Key to abbreviations:

ADR — American Depository Receipt

CDI — CHESS Depositary Interest

SDR — Swedish Depository Receipt

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

Ten largest industry holdings as of March 31, 2024
(As a percentage of net assets) (Unaudited)

Industry	Percentage
Commercial Banks		20.0	%
Oil, Gas & Consumable Fuels		14.7	%
Automobiles		8.6	%
Insurance		6.2	%
Metals & Mining		5.6	%
Chemicals		4.6	%
Pharmaceuticals		4.3	%
Automobile Components		2.9	%
Capital Markets		2.3	%
Real Estate Management & Development		2.2	%

Country weightings as of March 31, 2024
(As a percentage of long-term investments) (Unaudited)

Country	Percentage
Japan		22.4	%
United Kingdom		11.9	%
France		11.6	%
Canada		10.0	%
Switzerland		9.9	%
Germany		7.5	%
Australia		6.2	%
Netherlands		5.0	%
Spain		3.1	%
Other		12.4	%
		100.0	%

SA International Small Company Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
MUTUAL FUNDS — 100.1%
Others — 100.1%
DFA International Small Company Portfolio £		12,857,024	$	255,983,353
TOTAL MUTUAL FUNDS (Identified Cost $131,817,748)				255,983,353
Total Investments — 100.1% (Identified Cost $131,817,748)				255,983,353
Liabilities in excess of Cash and Other Assets — (0.1%)				(296,101	)
Net Assets — 100.0%			$	255,687,252

†	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 March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 98.4%
Belgium — 0.0%
Titan Cement International SA		2,956	$	84,670
Brazil — 3.4%
Anima Holding SA *		24,000		23,448
Atacadao SA		28,162		76,534
Banco Bradesco SA		70,133		178,150
Banco Bradesco SA, ADR		136,380		390,047
Banco do Brasil SA		51,498		581,373
Banco Santander Brasil SA		12,730		72,389
BRF SA *		22,992		74,815
C&A Modas SA *		15,100		32,034
Camil Alimentos SA		8,900		15,935
Cia Siderurgica Nacional SA		34,656		108,486
Cia Siderurgica Nacional SA, ADR		17,252		53,999
Cielo SA		78,047		84,032
Cogna Educacao SA *		137,975		64,924
Cyrela Brazil Realty SA Empreendimentos e Participacoes		27,874		138,609
Desktop SA ±		8,200		24,884
Dexco SA		34,954		53,524
Diagnosticos da America SA *		5,700		6,967
Embraer SA, ADR *		7,658		204,009
Empreendimentos Pague Menos SA		24,500		13,238
Ez Tec Empreendimentos e Participacoes SA		8,100		26,325
Gerdau SA, ADR		86,587		382,715
Grupo Casas Bahia SA *		5,728		7,743
Grupo De Moda Soma SA		32,600		49,465
Grupo SBF SA		13,400		34,599
Hapvida Participacoes e Investimentos SA *±		242,052		178,568
Iochpe Maxion SA		12,197		35,190
IRB Brasil Resseguros SA *		8,022		59,740
Jalles Machado SA		15,681		24,700
JBS SA		63,545		272,405
JHSF Participacoes SA		40,831		39,729
LWSA SA ±		35,208		40,997
Movida Participacoes SA		18,600		31,523
Natura & Co. Holding SA		62,208		221,773
Petroleo Brasileiro SA		344,373		2,628,424
Petroleo Brasileiro SA, ADR		1,600		24,336
Petroreconcavo SA		5,235		24,581
Sao Martinho SA		6,149		38,044
TIM SA		2,800		9,937
Tupy SA		3,847		21,347
Usinas Siderurgicas de Minas Gerais SA Usiminas		11,900		22,232
Vale SA		20,412		247,570
Vale SA, ADR		11,660		142,135
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA		8,400		30,968
Zamp SA *		22,200		15,005
				6,807,448
British Virgin Islands — 0.0%
AsiaInfo Technologies Ltd. ±		13,200		12,092
Canada — 0.0%
China Gold International Resources Corp. Ltd.		13,700		86,294
Cayman Islands — 0.0%
Baozun, Inc., Class A @*		4,600		3,514
Edvantage Group Holdings Ltd.		32,244		9,805
Fulgent Sun International Holding Co. Ltd.		8,000		30,622

	SHARES		VALUE†
Gourmet Master Co. Ltd.		5,000	$	14,420
				58,361
Chile — 0.5%
CAP SA		4,662		32,018
Cencosud SA		18,885		32,767
Cia Sud Americana de Vapores SA		664,643		49,996
Empresa Nacional de Telecomunicaciones SA		13,467		45,069
Empresas CMPC SA		85,818		174,392
Empresas Copec SA		28,747		206,528
Enel Americas SA		983,394		95,452
Falabella SA *		38,983		102,374
Grupo Security SA		48,193		13,310
Inversiones Aguas Metropolitanas SA		51,819		38,846
PAZ Corp. SA		9,073		5,241
Ripley Corp. SA		81,141		17,805
Salfacorp SA		43,853		23,785
Sigdo Koppers SA		27,803		36,181
SMU SA		215,040		37,312
Sociedad Matriz SAAM SA		298,644		34,748
SONDA SA		83,103		37,151
Vina Concha y Toro SA		15,387		18,687
				1,001,662
China — 25.1%
360 Security Technology, Inc., Class A *		20,500		25,102
361 Degrees International Ltd.		71,000		41,728
3SBio, Inc. ±		106,000		80,987
A-Living Smart City Services Co. Ltd. @±		52,500		20,592
AAC Technologies Holdings, Inc.		60,500		202,906
Addsino Co. Ltd., Class A		16,300		16,892
Advanced Technology & Materials Co. Ltd., Class A		13,900		16,905
Agricultural Bank of China Ltd., Class H		1,776,000		748,802
Alibaba Group Holding Ltd.		388,500		3,486,965
Aluminum Corp. of China Ltd., Class H		306,000		194,307
Angang Steel Co. Ltd., Class H		142,999		23,751
Anhui Conch Cement Co. Ltd., Class H		97,500		202,801
Anhui Guangxin Agrochemical Co. Ltd., Class A		4,312		8,705
Anhui Huilong Agricultural Means of Production Co. Ltd., Class A		6,500		4,470
Anhui Jinhe Industrial Co. Ltd., Class A		5,000		12,646
Anhui Truchum Advanced Materials & Technology Co. Ltd., Class A		13,800		15,390
Anhui Zhongding Sealing Parts Co. Ltd., Class A		13,300		20,868
Asia - Potash International Investment Guangzhou Co. Ltd., Class A *		4,400		11,762
Avary Holding Shenzhen Co. Ltd., Class A		12,300		40,198
AviChina Industry & Technology Co. Ltd., Class H		254,000		99,953
BAIC Motor Corp. Ltd., Class H ±		145,000		39,645
Baidu, Inc., ADR *		11,412		1,201,455
Baidu, Inc., Class A *		6,850		89,882
Bank of Beijing Co. Ltd., Class A		98,400		76,923
Bank of Changsha Co. Ltd., Class A		25,500		27,203
Bank of Chengdu Co. Ltd., Class A		26,000		48,673
Bank of China Ltd., Class H		5,702,902		2,353,470
Bank of Chongqing Co. Ltd., Class H @		46,500		25,606
Bank of Communications Co. Ltd., Class H		529,400		347,662
Bank of Guiyang Co. Ltd., Class A		22,500		16,686
Bank of Hangzhou Co. Ltd., Class A		32,101		49,123
Bank of Jiangsu Co. Ltd., Class A		80,100		86,889
Bank of Nanjing Co. Ltd., Class A		61,300		76,588
Bank of Ningbo Co. Ltd., Class A		38,780		111,713

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Bank of Shanghai Co. Ltd., Class A		68,500	$	63,596
Bank of Suzhou Co. Ltd., Class A		22,220		21,920
Baoshan Iron & Steel Co. Ltd., Class A		100,300		89,788
BBMG Corp., Class H @		184,000		14,575
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A		48,000		18,197
Beijing Easpring Material Technology Co. Ltd., Class A		2,700		14,211
Beijing Enterprises Holdings Ltd.		46,000		133,412
Beijing Enterprises Water Group Ltd.		448,000		99,595
Beijing GeoEnviron Engineering & Technology, Inc., Class A		11,232		9,091
Beijing Haixin Energy Technology Co. Ltd., Class A *		35,800		11,838
Beijing Jetsen Technology Co. Ltd., Class A *		28,600		22,754
Beijing Jingyuntong Technology Co. Ltd., Class A *		22,000		11,324
Beijing New Building Materials PLC, Class A		10,000		39,585
Beijing Orient National Communication Science & Technology Co. Ltd., Class A *		8,200		9,508
Beijing Originwater Technology Co. Ltd., Class A		5,558		3,730
Beijing Shougang Co. Ltd., Class A *		27,500		11,986
Beijing SL Pharmaceutical Co. Ltd., Class A		8,900		10,775
Beijing Yanjing Brewery Co. Ltd., Class A		9,600		12,194
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		108,000		74,566
BGI Genomics Co. Ltd., Class A		1,800		10,253
BOC International China Co. Ltd., Class A		14,300		19,805
BOE Technology Group Co. Ltd., Class A		220,300		122,839
Bohai Leasing Co. Ltd., Class A *		64,900		20,294
Bright Dairy & Food Co. Ltd., Class A		7,700		9,642
Brilliance China Automotive Holdings Ltd.		178,000		122,807
BTG Hotels Group Co. Ltd., Class A *		5,700		11,751
BYD Electronic International Co. Ltd.		14,000		51,604
C C Land Holdings Ltd. @		106,500		16,737
C&D International Investment Group Ltd.		40,795		71,198
Caitong Securities Co. Ltd., Class A		15,470		15,797
Canmax Technologies Co. Ltd., Class A		4,800		13,083
CECEP Solar Energy Co. Ltd., Class A		30,100		21,698
CECEP Wind-Power Corp., Class A		49,010		19,733
CGN New Energy Holdings Co. Ltd.		130,000		34,381
Changjiang Securities Co. Ltd., Class A		39,900		28,100
Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A		4,900		11,587
Chengdu Wintrue Holding Co. Ltd., Class A		8,900		9,162
Chengxin Lithium Group Co. Ltd., Class A		5,600		14,892
China Baoan Group Co. Ltd., Class A		9,000		13,088
China BlueChemical Ltd., Class H		58,000		16,747
China Bohai Bank Co. Ltd., Class H *±		141,000		18,375
China CAMC Engineering Co. Ltd., Class A		20,600		20,892
China Cinda Asset Management Co. Ltd., Class H		281,000		23,336
China Citic Bank Corp. Ltd., Class H		613,000		326,593
China Coal Energy Co. Ltd., Class H		181,000		176,215
China Communication Services Corp. Ltd., Class H		231,600		108,004

	SHARES		VALUE†
China Conch Environment Protection Holdings Ltd. @*		97,500	$	10,464
China Conch Venture Holdings Ltd.		98,500		68,461
China Construction Bank Corp., Class H		7,488,810		4,516,115
China CSSC Holdings Ltd., Class A		6,500		31,118
China Development Bank Financial Leasing Co. Ltd., Class H ±		128,000		32,708
China Education Group Holdings Ltd.		31,107		16,653
China Energy Engineering Corp. Ltd., Class A		88,674		25,765
China Energy Engineering Corp. Ltd., Class H @		152,000		13,788
China Everbright Bank Co. Ltd., Class H		241,000		69,280
China Feihe Ltd. ±		243,000		114,252
China Foods Ltd.		86,000		31,974
China Galaxy Securities Co. Ltd., Class H		106,500		52,251
China Gas Holdings Ltd.		228,400		206,021
China Great Wall Securities Co. Ltd., Class A		8,500		8,644
China Greatwall Technology Group Co. Ltd., Class A		15,387		21,013
China Hongqiao Group Ltd. @		189,000		212,498
China Huiyuan Juice Group Ltd. *§		84,500		—
China International Marine Containers Group Co. Ltd., Class H		74,460		63,549
China Jushi Co. Ltd., Class A		22,631		32,784
China Lesso Group Holdings Ltd.		100,000		47,401
China Lilang Ltd.		31,000		19,605
China Medical System Holdings Ltd.		97,000		101,872
China Meheco Co. Ltd., Class A		13,860		20,788
China Meidong Auto Holdings Ltd. @		22,000		8,489
China Merchants Bank Co. Ltd., Class H		277,500		1,097,321
China Merchants Energy Shipping Co. Ltd., Class A		27,400		29,229
China Merchants Port Holdings Co. Ltd.		99,712		119,625
China Merchants Property Operation & Service Co. Ltd., Class A		5,000		7,056
China Merchants Securities Co. Ltd., Class H ±		19,660		15,021
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		22,000		29,405
China Minsheng Banking Corp. Ltd., Class H		395,880		137,070
China National Accord Medicines Corp. Ltd., Class A		6,760		28,256
China National Building Material Co. Ltd., Class H @		396,850		136,392
China National Chemical Engineering Co. Ltd., Class A		38,700		35,662
China National Nuclear Power Co. Ltd., Class A		101,100		125,196
China New Higher Education Group Ltd. ±		74,000		21,556
China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd., Class A *		15,100		9,631
China Nonferrous Mining Corp. Ltd.		70,000		58,491
China Oil & Gas Group Ltd. *		200,000		5,162
China Oilfield Services Ltd., Class H		122,000		140,285
China Overseas Grand Oceans Group Ltd.		141,402		31,435
China Overseas Land & Investment Ltd.		279,000		401,377

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
China Pacific Insurance Group Co. Ltd., Class H		162,600	$	284,611
China Petroleum & Chemical Corp., Class H		1,946,400		1,104,143
China Railway Group Ltd., Class H		291,000		143,885
China Railway Signal & Communication Corp. Ltd., Class H ±		149,000		56,730
China Renaissance Holdings Ltd. @*±§		11,300		1,968
China Resources Building Materials Technology Holdings Ltd.		238,000		36,185
China Resources Double Crane Pharmaceutical Co. Ltd., Class A		6,300		17,651
China Resources Gas Group Ltd.		24,000		76,505
China Resources Land Ltd.		302,000		954,976
China Resources Medical Holdings Co. Ltd.		71,500		35,810
China Resources Pharmaceutical Group Ltd. ±		134,500		85,922
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		5,100		37,209
China Risun Group Ltd. @		58,000		22,527
China Shanshui Cement Group Ltd. *		53,000		5,011
China Shenhua Energy Co. Ltd., Class H		175,000		687,533
China Shineway Pharmaceutical Group Ltd.		36,000		44,753
China South Publishing & Media Group Co. Ltd., Class A		11,600		20,271
China State Construction Engineering Corp. Ltd., Class A		191,200		138,094
China State Construction International Holdings Ltd.		50,000		54,555
China Sunshine Paper Holdings Co. Ltd. *		26,000		5,913
China Taiping Insurance Holdings Co. Ltd.		137,800		120,601
China Tianrui Group Cement Co. Ltd. @*		11,000		7,280
China Tower Corp. Ltd., Class H ±		3,648,000		419,476
China Traditional Chinese Medicine Holdings Co. Ltd.		260,000		142,176
China TransInfo Technology Co. Ltd., Class A *		6,900		10,158
China Travel International Investment Hong Kong Ltd. @		180,000		30,127
China Vanke Co. Ltd., Class H @		133,972		92,773
China Yongda Automobiles Services Holdings Ltd. @		84,000		23,396
China Zheshang Bank Co. Ltd., Class H @		124,800		36,514
Chinasoft International Ltd.		42,000		25,328
Chinese Universe Publishing and Media Group Co. Ltd., Class A		9,200		19,590
Chlitina Holding Ltd.		3,000		18,279
Chongqing Changan Automobile Co. Ltd., Class A		40,430		96,048
Chongqing Department Store Co. Ltd., Class A		2,400		8,926
Chongqing Rural Commercial Bank Co. Ltd., Class H		226,000		93,554
Chow Tai Seng Jewellery Co. Ltd., Class A		9,125		23,281
CIMC Enric Holdings Ltd.		74,000		75,258
CITIC Ltd.		356,000		342,041
CITIC Securities Co. Ltd., Class H		16,450		27,112
Citychamp Watch & Jewellery Group Ltd. *		62,000		8,001
CMOC Group Ltd., Class H		51,000		43,331
CNGR Advanced Material Co. Ltd., Class A		1,800		12,936
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A		21,460		12,144

	SHARES		VALUE†
CNOOC Energy Technology & Services Ltd., Class A		62,100	$	29,300
CNSIG Inner Mongolia Chemical Industry Co. Ltd., Class A		13,650		14,033
COFCO Biotechnology Co. Ltd., Class A		15,100		11,783
COFCO Joycome Foods Ltd. @*		66,000		13,998
Concord New Energy Group Ltd.		420,000		33,270
Consun Pharmaceutical Group Ltd.		23,000		16,456
COSCO Shipping Development Co. Ltd., Class H		324,200		32,309
COSCO Shipping Energy Transportation Co. Ltd., Class H @		74,000		76,677
COSCO Shipping Holdings Co. Ltd., Class H		244,199		256,776
COSCO SHIPPING International Hong Kong Co. Ltd.		34,000		14,596
COSCO SHIPPING Ports Ltd. @		156,998		86,253
CPMC Holdings Ltd.		53,000		46,385
CRRC Corp. Ltd., Class H		177,000		95,432
CSG Holding Co. Ltd., Class A		19,500		14,623
CSSC Hong Kong Shipping Co. Ltd.		70,000		11,537
CTS International Logistics Corp. Ltd., Class A		11,000		10,015
Daan Gene Co. Ltd., Class A		9,400		10,743
Daqin Railway Co. Ltd., Class A		85,800		86,899
DBG Technology Co. Ltd., Class A		7,000		28,252
DHC Software Co. Ltd., Class A		28,100		21,773
Dian Diagnostics Group Co. Ltd., Class A		4,800		11,802
Digital China Holdings Ltd.		62,000		23,606
Digital China Information Service Group Co. Ltd., Class A		10,000		15,981
Dong-E-E-Jiao Co. Ltd., Class A		300		2,525
Dongfang Electric Corp. Ltd., Class H @		21,000		21,947
Dongxing Securities Co. Ltd., Class A		12,000		13,100
Dongyue Group Ltd. @		104,000		97,530
E-Commodities Holdings Ltd.		94,000		22,338
EEKA Fashion Holdings Ltd.		8,000		13,655
Essex Bio-technology Ltd.		37,000		11,156
Fangda Carbon New Material Co. Ltd., Class A *		15,700		10,427
Fangda Special Steel Technology Co. Ltd., Class A *		19,000		11,015
Far East Horizon Ltd. @		187,000		138,573
FAW Jiefang Group Co. Ltd. *		24,100		30,077
Fiberhome Telecommunication Technologies Co. Ltd., Class A		5,800		14,317
FIH Mobile Ltd. *		45,000		2,932
FinVolution Group, ADR		11,439		57,653
Fosun International Ltd.		195,500		101,910
Founder Securities Co. Ltd., Class A		23,800		25,751
Fufeng Group Ltd. @		153,000		99,108
Fujian Funeng Co. Ltd., Class A		18,330		25,970
Gansu Shangfeng Cement Co. Ltd., Class A		6,240		6,147
GCL Energy Technology Co. Ltd.		4,200		6,119
GCL Technology Holdings Ltd.		395,000		64,598
GDS Holdings Ltd., Class A @*		72,300		58,842
Geely Automobile Holdings Ltd.		455,000		537,148
GEM Co. Ltd., Class A		33,500		27,440
Gemdale Corp., Class A		19,200		10,228
Genertec Universal Medical Group Co. Ltd. ±		75,500		41,189
GF Securities Co. Ltd., Class H		64,200		66,358
Giant Network Group Co. Ltd., Class A		9,400		15,919
GoerTek, Inc., Class A		18,300		39,981
Goldwind Science & Technology Co. Ltd.		47,800		17,711

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Gotion High-tech Co. Ltd., Class A *		5,100	$	14,332
Grand Pharmaceutical Group Ltd.		88,500		46,472
Grandjoy Holdings Group Co. Ltd., Class A *		30,000		11,083
Greatview Aseptic Packaging Co. Ltd. *		88,000		24,398
Gree Electric Appliances, Inc., Class A		7,200		39,051
Greentown China Holdings Ltd.		78,500		62,584
Greentown Service Group Co. Ltd. @		102,000		38,966
GRG Banking Equipment Co. Ltd., Class A		12,500		20,737
Guangdong HEC Technology Holding Co. Ltd., Class A *		11,800		14,155
Guangdong Provincial Expressway Development Co. Ltd., Class A		12,700		17,256
Guangdong Tapai Group Co. Ltd., Class A		9,300		9,483
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A		4,200		9,548
Guanghui Energy Co. Ltd., Class A		48,700		48,650
Guangshen Railway Co. Ltd., Class H *		82,000		18,544
Guangxi Liugong Machinery Co. Ltd., Class A		14,900		17,152
Guangzhou Automobile Group Co. Ltd., Class H		188,000		77,103
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H		16,000		39,331
Guangzhou Haige Communications Group, Inc. Co., Class A		22,300		32,397
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A		18,042		13,905
Guizhou Panjiang Refined Coal Co. Ltd., Class A		9,269		7,669
Guizhou Xinbang Pharmaceutical Co. Ltd., Class A		32,400		17,035
Guosen Securities Co. Ltd., Class A		22,400		25,693
Guosheng Financial Holding, Inc., Class A *		14,131		18,144
Haier Smart Home Co. Ltd., Class A		20,500		71,137
Hainan Meilan International Airport Co. Ltd., Class H @*		23,000		20,658
Haitian International Holdings Ltd.		44,000		127,892
Haitong Securities Co. Ltd., Class H		169,600		81,042
Han's Laser Technology Industry Group Co. Ltd., Class A		8,900		22,880
Hang Zhou Great Star Industrial Co. Ltd., Class A		4,400		14,891
Hangcha Group Co. Ltd., Class A		8,000		29,443
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A		22,900		21,260
Hangzhou Robam Appliances Co. Ltd., Class A		2,900		9,610
Harbin Electric Co. Ltd., Class H @		74,000		24,771
Health & Happiness H&H International Holdings Ltd.		18,500		24,818
Hello Group, Inc., ADR		12,302		76,395
Henan Mingtai Al Industrial Co. Ltd., Class A		8,400		12,808
Hengan International Group Co. Ltd.		31,500		99,206
Hengli Petrochemical Co. Ltd., Class A *		35,500		67,292
Hengtong Optic-electric Co. Ltd., Class A		9,680		16,394
Hengyi Petrochemical Co. Ltd., Class A *		25,000		22,207
Hesteel Co. Ltd., Class A		65,500		19,304

	SHARES		VALUE†
Hopson Development Holdings Ltd. @*		101,900	$	46,218
Horizon Construction Development Ltd. @*		6,925		1,743
Hoyuan Green Energy Co. Ltd., Class A		3,300		11,045
Hua Han Health Industry Holdings Ltd. *§		504,000		—
Hua Hong Semiconductor Ltd. @*±		41,000		79,937
Huafon Chemical Co. Ltd., Class A		27,754		25,229
Huaibei Mining Holdings Co. Ltd., Class A		10,400		23,570
Huapont Life Sciences Co. Ltd., Class A		27,600		16,383
Huatai Securities Co. Ltd., Class H ±		58,600		66,934
Huaxi Securities Co. Ltd., Class A		12,600		12,744
Huaxia Bank Co. Ltd., Class A		43,300		38,762
Huaxin Cement Co. Ltd., Class A		7,000		12,727
Huaxin Cement Co. Ltd., Class H		17,700		15,468
Huayu Automotive Systems Co. Ltd., Class A		17,500		39,855
Hubei Biocause Pharmaceutical Co. Ltd., Class A		17,600		5,966
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A		4,400		22,343
Hubei Xingfa Chemicals Group Co. Ltd., Class A		9,400		23,580
Humanwell Healthcare Group Co. Ltd., Class A		9,700		25,970
Hunan Valin Steel Co. Ltd., Class A		47,300		33,639
Hytera Communications Corp. Ltd., Class A *		23,400		15,088
Industrial & Commercial Bank of China Ltd., Class H		4,579,000		2,305,033
Industrial Bank Co. Ltd., Class A		122,900		276,325
Industrial Securities Co. Ltd., Class A		52,910		39,751
Infore Environment Technology Group Co. Ltd., Class A		12,400		8,561
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A *		169,960		37,390
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A		12,000		26,715
Inner Mongolia ERDOS Resources Co. Ltd., Class A		11,760		17,573
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		55,300		27,928
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A		34,700		26,886
Intco Medical Technology Co. Ltd., Class A		5,700		17,650
JA Solar Technology Co. Ltd., Class A		14,800		35,610
JCET Group Co. Ltd., Class A		12,895		51,794
JD Logistics, Inc. *±		80,200		81,666
JD.com, Inc., Class A		78,150		1,077,360
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A		20,200		19,648
Jiangsu Eastern Shenghong Co. Ltd., Class A		24,600		33,765
Jiangsu Guotai International Group Co. Ltd., Class A		10,400		9,871
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd., Class A		34,700		17,668
Jiangsu Lihua Animal Husbandry Stock Co. Ltd., Class A		4,320		12,044
Jiangsu Provincial Agricultural Reclamation & Development Corp.		11,200		15,109
Jiangsu Shagang Co. Ltd., Class A		38,000		22,924

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A		10,800	$	9,728
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A		5,600		26,406
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd., Class A		27,840		15,292
Jiangsu Zhongtian Technology Co. Ltd., Class A		11,500		22,372
Jiangxi Copper Co. Ltd., Class H		70,000		119,307
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A		7,300		14,504
JinkoSolar Holding Co. Ltd., ADR @		3,545		89,299
Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A		15,000		30,322
Jinneng Science&Technology Co. Ltd., Class A		10,600		9,870
Jinxin Fertility Group Ltd. @*±		24,000		7,451
Jizhong Energy Resources Co. Ltd., Class A		21,200		21,941
JNBY Design Ltd.		9,000		16,903
Joincare Pharmaceutical Group Industry Co. Ltd., Class A		18,700		28,021
Jointown Pharmaceutical Group Co. Ltd., Class A		22,320		24,613
Ju Teng International Holdings Ltd.		56,000		7,584
Kingboard Holdings Ltd.		71,500		145,797
Kingboard Laminates Holdings Ltd. @		58,500		43,276
Kingfa Sci & Tech Co. Ltd., Class A		13,400		12,737
Kingsoft Corp. Ltd.		9,400		28,944
Kunlun Energy Co. Ltd.		354,000		295,343
KWG Living Group Holdings Ltd. *		65,000		3,031
Lao Feng Xiang Co. Ltd., Class A		2,700		29,057
LB Group Co. Ltd., Class A		11,200		28,591
Legend Holdings Corp., Class H ±		38,400		29,192
Lenovo Group Ltd.		26,000		30,129
Lens Technology Co. Ltd., Class A		24,140		45,258
Leo Group Co. Ltd., Class A *		48,000		14,877
Lepu Medical Technology Beijing Co. Ltd., Class A		14,700		28,068
LexinFintech Holdings Ltd., ADR @		4,235		7,623
Leyard Optoelectronic Co. Ltd., Class A		20,300		14,240
Lianhe Chemical Technology Co. Ltd., Class A		6,700		5,544
Lingyi iTech Guangdong Co., Class A		42,800		32,274
Livzon Pharmaceutical Group, Inc., Class H		6,800		23,154
Longfor Group Holdings Ltd. ±		165,000		233,157
Lonking Holdings Ltd.		158,000		28,867
Luenmei Quantum Co. Ltd., Class A		13,300		10,268
Luxi Chemical Group Co. Ltd., Class A		8,600		11,173
Luye Pharma Group Ltd. *±		161,500		56,331
Maccura Biotechnology Co. Ltd., Class A		3,800		6,588
Mango Excellent Media Co. Ltd., Class A		11,000		37,243
Maoyan Entertainment *±		21,200		25,894
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A *		29,300		20,311
Metallurgical Corp. of China Ltd., Class H		225,000		48,008
Midea Real Estate Holding Ltd. ±		14,000		7,119
Ming Yang Smart Energy Group Ltd., Class A		6,800		8,844
Mingfa Group International Co. Ltd. *		91,000		3,721
Minth Group Ltd.		56,000		88,434
MLS Co. Ltd., Class A		20,000		21,529
MMG Ltd. @*		236,000		92,568

	SHARES		VALUE†
Nanjing Iron & Steel Co. Ltd., Class A		36,600	$	23,446
Nanjing Xinjiekou Department Store Co. Ltd., Class A		6,900		5,595
NavInfo Co. Ltd., Class A *		10,200		12,476
NetDragon Websoft Holdings Ltd.		25,500		35,708
New China Life Insurance Co. Ltd., Class H		57,900		102,530
New Hope Liuhe Co. Ltd., Class A *		12,000		15,557
Newland Digital Technology Co. Ltd., Class A		10,000		23,923
Nexteer Automotive Group Ltd. @		69,000		32,442
Nine Dragons Paper Holdings Ltd. @*		54,000		22,492
Ningbo Huaxiang Electronic Co. Ltd., Class A		8,950		15,826
Ningbo Joyson Electronic Corp., Class A		5,200		12,102
Ningbo Zhoushan Port Co. Ltd., Class A		33,200		15,572
Ningxia Baofeng Energy Group Co. Ltd., Class A		11,600		25,150
Northeast Securities Co. Ltd., Class A		8,500		7,938
Offshore Oil Engineering Co. Ltd., Class A		27,400		24,149
ORG Technology Co. Ltd., Class A		26,800		15,685
Orient Securities Co. Ltd., Class H @±		52,400		20,754
Oriental Energy Co. Ltd., Class A *		11,300		13,915
Oriental Pearl Group Co. Ltd., Class A		10,700		10,733
PAX Global Technology Ltd.		47,000		37,050
People's Insurance Co. Group of China Ltd. (The), Class H		305,000		97,420
PetroChina Co. Ltd., Class H		2,014,000		1,721,456
PICC Property & Casualty Co. Ltd., Class H		314,000		414,018
Ping An Bank Co. Ltd., Class A		108,500		157,478
Ping An Insurance Group Co. of China Ltd., Class H		488,500		2,062,748
Pingdingshan Tianan Coal Mining Co. Ltd., Class A		15,900		26,905
Poly Property Group Co. Ltd.		200,431		36,363
Postal Savings Bank of China Co. Ltd., Class H ±		571,000		298,380
Power Construction Corp. of China Ltd., Class A		84,900		58,030
Q Technology Group Co. Ltd. @*		31,000		11,961
Qifu Technology, Inc., ADR		6,037		111,262
Qingdao Hanhe Cable Co. Ltd., Class A		35,800		17,882
Radiance Holdings Group Co. Ltd. @*		37,000		9,360
Redco Properties Group Ltd. @*±§		80,000		2,549
Renhe Pharmacy Co. Ltd., Class A		19,700		17,772
Risen Energy Co. Ltd., Class A		6,400		13,008
SAIC Motor Corp. Ltd., Class A		29,700		61,435
Sailun Group Co. Ltd., Class A		13,900		28,021
Sanan Optoelectronics Co. Ltd., Class A		11,300		19,012
Sansteel Minguang Co. Ltd., Class A		13,700		6,653
Sansure Biotech, Inc., Class A		3,333		8,808
Sany Heavy Equipment International Holdings Co. Ltd.		8,000		5,141
Sany Heavy Industry Co. Ltd., Class A		28,800		57,580
Satellite Chemical Co. Ltd., Class A *		17,026		40,165
Sealand Securities Co. Ltd., Class A		24,800		11,358
Seazen Holdings Co. Ltd., Class A *		13,800		18,712
SF Holding Co. Ltd., Class A		14,100		70,896
Shaanxi Coal Industry Co. Ltd., Class A		31,937		110,471
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A		32,400		41,153
Shandong Buchang Pharmaceuticals Co. Ltd., Class A		9,200		21,131

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Shandong Chenming Paper Holdings Ltd., Class H @*		35,250	$	7,611
Shandong Hi-Speed Road & Bridge Co. Ltd., Class A		20,600		15,562
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A		2,700		13,184
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		11,310		39,576
Shandong Humon Smelting Co. Ltd., Class A *		10,800		16,109
Shandong Linglong Tyre Co. Ltd., Class A		7,700		22,224
Shandong Nanshan Aluminum Co. Ltd., Class A		37,900		17,672
Shandong Sun Paper Industry JSC Ltd., Class A		16,800		32,798
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		108,800		67,836
Shanghai AJ Group Co. Ltd., Class A		16,900		10,289
Shanghai Construction Group Co. Ltd., Class A		55,900		18,021
Shanghai Electric Group Co. Ltd., Class H *		166,000		32,238
Shanghai Environment Group Co. Ltd., Class A		11,600		14,092
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		9,500		15,536
Shanghai Industrial Holdings Ltd.		45,000		59,564
Shanghai Jinjiang International Hotels Co. Ltd., Class A		1,300		5,166
Shanghai Lingang Holdings Corp. Ltd., Class A		8,760		11,902
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A		13,500		15,914
Shanghai Mechanical and Electrical Industry Co. Ltd., Class A		7,100		11,690
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		49,000		70,743
Shanghai Pudong Development Bank Co. Ltd., Class A		118,900		117,955
Shanghai RAAS Blood Products Co. Ltd., Class A		37,200		36,184
Shanghai Tunnel Engineering Co. Ltd., Class A		25,600		21,217
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		18,000		14,943
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A		7,800		21,606
Shanxi Coking Coal Energy Group Co. Ltd., Class A		39,900		56,366
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A		26,900		74,625
Shanxi Meijin Energy Co. Ltd., Class A *		31,400		27,849
Shanxi Securities Co. Ltd., Class A		24,700		17,088
Shanxi Taigang Stainless Steel Co. Ltd., Class A		34,300		16,800
Shenghe Resources Holding Co. Ltd., Class A		11,000		14,489
Shengyi Technology Co. Ltd., Class A		9,946		24,138

	SHARES		VALUE†
Shenwan Hongyuan Group Co. Ltd., Class H ±		43,200	$	7,617
Shenzhen Agricultural Products Group Co. Ltd., Class A		15,600		12,648
Shenzhen Airport Co. Ltd., Class A *		16,200		15,063
Shenzhen Aisidi Co. Ltd., Class A		14,200		22,437
Shenzhen Huaqiang Industry Co. Ltd., Class A		5,900		7,869
Shenzhen International Holdings Ltd.		107,733		82,724
Shenzhen Investment Ltd.		323,060		42,101
Shenzhen Jinjia Group Co. Ltd., Class A		10,602		6,557
Shenzhen Kaifa Technology Co. Ltd., Class A		5,900		11,208
Shenzhen Kinwong Electronic Co. Ltd., Class A		5,800		15,761
Shenzhen MTC Co. Ltd., Class A		42,300		29,205
Shenzhen Neptunus Bioengineering Co. Ltd., Class A *		28,200		9,442
Shenzhen Overseas Chinese Town Co. Ltd., Class A *		43,200		16,378
Shenzhen Sunway Communication Co. Ltd., Class A		4,700		12,323
Shenzhen Tagen Group Co. Ltd., Class A		25,000		15,877
Shenzhen Yan Tian Port Holding Co. Ltd., Class A		28,200		18,299
Shenzhen YUTO Packaging Technology Co. Ltd., Class A		4,900		16,509
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A		31,900		20,082
Shoucheng Holdings Ltd. @		58,400		10,744
Shougang Fushan Resources Group Ltd.		219,790		75,258
Shui On Land Ltd. @		280,000		23,969
Sichuan Development Lomon Co. Ltd., Class A		13,600		12,401
Sichuan Hebang Biotechnology Co. Ltd., Class A		84,300		26,827
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		12,500		52,301
Sichuan Road & Bridge Group Co. Ltd., Class A		28,840		29,648
Sichuan Yahua Industrial Group Co. Ltd., Class A		8,400		11,994
Sinofert Holdings Ltd.		244,000		25,563
Sinoma International Engineering Co., Class A		14,600		22,928
Sinoma Science & Technology Co. Ltd., Class A		11,000		22,951
Sinopec Engineering Group Co. Ltd., Class H		111,000		63,960
Sinopec Kantons Holdings Ltd.		90,000		41,626
Sinopharm Group Co. Ltd., Class H		140,400		359,660
Sinotrans Ltd., Class H		145,000		70,769
Sinotruk Hong Kong Ltd.		49,000		120,326
Sinotruk Jinan Truck Co. Ltd., Class A		2,800		6,106
Skyworth Group Ltd.		133,484		50,481
SooChow Securities Co. Ltd., Class A		20,280		18,884
STO Express Co. Ltd., Class A *		15,900		18,502
Sun Art Retail Group Ltd. @		172,500		34,381
Sun King Technology Group Ltd. *		54,000		8,210
Suning Universal Co. Ltd., Class A		32,100		9,283
Suzhou Anjie Technology Co. Ltd., Class A		10,500		20,412

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		10,800	$	21,638
Tangshan Jidong Cement Co. Ltd., Class A		10,000		7,389
TangShan Port Group Co. Ltd., Class A		55,900		33,722
Tangshan Sanyou Chemical Industries Co. Ltd., Class A		11,600		7,768
TBEA Co. Ltd., Class A		27,300		57,150
TCL Electronics Holdings Ltd.		99,667		36,037
TCL Technology Group Corp., Class A		78,540		50,640
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A		16,000		26,123
Tencent Music Entertainment Group, ADR *		18,038		201,845
Tian Di Science & Technology Co. Ltd., Class A		40,500		38,105
Tiande Chemical Holdings Ltd.		36,000		5,565
Tiangong International Co. Ltd.		100,000		21,081
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A		30,700		16,566
Tianma Microelectronics Co. Ltd., Class A *		15,500		17,607
Tianneng Power International Ltd. @		74,000		69,302
Tianshan Aluminum Group Co. Ltd., Class A		18,200		16,091
Tianshui Huatian Technology Co. Ltd., Class A		35,100		37,492
Titan Wind Energy Suzhou Co. Ltd., Class A *		8,800		12,334
Tofflon Science & Technology Group Co. Ltd., Class A		3,500		7,022
Tomson Group Ltd.		1,275		249
Tong Ren Tang Technologies Co. Ltd., Class H		41,000		25,511
TongFu Microelectronics Co. Ltd., Class A		10,100		30,981
Tongkun Group Co. Ltd., Class A *		11,100		20,595
Tongling Nonferrous Metals Group Co. Ltd., Class A		49,000		26,509
Tongyu Heavy Industry Co. Ltd., Class A		40,800		12,927
Topsec Technologies Group, Inc., Class A *		7,000		6,780
Transfar Zhilian Co. Ltd., Class A		27,553		16,545
TravelSky Technology Ltd., Class H		21,000		25,435
Trina Solar Co. Ltd., Class A		6,168		20,234
Trip.com Group Ltd., ADR *		18,857		827,634
Unisplendour Corp. Ltd., Class A *		13,940		42,336
Universal Scientific Industrial Shanghai Co. Ltd., Class A		10,000		18,983
Victory Giant Technology Huizhou Co. Ltd., Class A		9,400		31,839
Vinda International Holdings Ltd.		21,000		62,918
Vipshop Holdings Ltd., ADR		20,828		344,703
Wangsu Science & Technology Co. Ltd., Class A		20,900		26,720
Wanxiang Qianchao Co. Ltd., Class A		42,900		29,144
Wasion Holdings Ltd.		48,000		34,711
Wasu Media Holding Co. Ltd., Class A		20,700		24,774
Weibo Corp., ADR		2,074		18,853
Weichai Power Co. Ltd., Class H		126,000		240,187
Wellhope Foods Co. Ltd., Class A		7,700		7,543
West China Cement Ltd. @		198,000		26,056
Western Securities Co. Ltd., Class A		22,600		21,138
Wharf Holdings Ltd. (The)		70,000		229,848
Wingtech Technology Co. Ltd., Class A *		3,900		19,744
Wolong Electric Group Co. Ltd., Class A		11,600		27,991

	SHARES		VALUE†
Wuchan Zhongda Group Co. Ltd., Class A		29,100	$	17,635
Wushang Group Co. Ltd., Class A		12,600		12,726
XCMG Construction Machinery Co. Ltd., Class A		47,400		40,727
Xiamen C & D, Inc., Class A		17,600		24,717
Xiamen ITG Group Corp. Ltd., Class A		17,300		17,186
Xiamen Tungsten Co. Ltd., Class A		7,300		19,635
Xiamen Xiangyu Co. Ltd., Class A		22,200		20,058
Xiaomi Corp., Class B *±		458,400		874,995
Xinfengming Group Co. Ltd., Class A *		4,000		7,737
Xingda International Holdings Ltd.		81,992		16,133
Xinhua Winshare Publishing and Media Co. Ltd., Class H		36,000		37,670
Xinjiang Tianshan Cement Co. Ltd., Class A		4,500		4,402
Xinjiang Zhongtai Chemical Co. Ltd., Class A		14,500		9,068
Xinte Energy Co. Ltd., Class H @*		22,800		30,470
Xinxing Ductile Iron Pipes Co. Ltd., Class A		18,100		9,667
Xinyi Energy Holdings Ltd. @		207,138		29,376
Xinyi Solar Holdings Ltd.		182,000		140,914
Xinyu Iron & Steel Co. Ltd., Class A		27,300		13,183
XJ International Holdings Co. Ltd. @*±		120,000		3,787
XPeng, Inc., Class A @*		4,100		16,815
Xtep International Holdings Ltd.		52,500		32,532
Xuji Electric Co. Ltd., Class A		9,300		30,998
Yantai Changyu Pioneer Wine Co. Ltd., Class A		3,700		11,519
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		7,300		30,018
YiChang HEC ChangJiang Pharmaceutical Co. Ltd., Class H @*±		25,600		35,586
Yifan Pharmaceutical Co. Ltd., Class A *		7,200		10,948
Yiren Digital Ltd., ADR *		4,574		20,629
Yixintang Pharmaceutical Group Co. Ltd., Class A		2,800		7,438
Yonfer Agricultural Technology Co. Ltd., Class A		6,900		10,015
YongXing Special Materials Technology Co. Ltd., Class A		2,400		15,750
Youngor Fashion Co. Ltd.		11,500		11,106
YTO Express Group Co. Ltd., Class A		21,200		44,410
Yunda Holding Co. Ltd., Class A		16,500		16,392
Yunnan Aluminium Co. Ltd., Class A		18,200		34,298
Yunnan Baiyao Group Co. Ltd., Class A		1,960		13,695
Yunnan Copper Co. Ltd., Class A		8,100		14,558
Yunnan Energy New Material Co. Ltd., Class A		1,400		7,895
Yunnan Tin Co. Ltd., Class A		14,600		29,170
Zhefu Holding Group Co. Ltd., Class A		16,400		7,170
Zhejiang Century Huatong Group Co. Ltd., Class A *		39,280		25,870
Zhejiang China Commodities City Group Co. Ltd., Class A		30,700		37,252
Zhejiang Chint Electrics Co. Ltd., Class A		13,100		36,541
Zhejiang Crystal-Optech Co. Ltd., Class A		12,400		24,380
Zhejiang Dahua Technology Co. Ltd., Class A		19,700		50,753
Zhejiang Hailiang Co. Ltd., Class A		19,700		24,804
Zhejiang Huace Film & Television Co. Ltd., Class A		30,500		39,837
Zhejiang Huayou Cobalt Co. Ltd., Class A		4,300		15,808
Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A		9,000		9,788
Zhejiang JIULI Hi-tech Metals Co. Ltd., Class A		4,400		13,308

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
China (Continued)
Zhejiang Juhua Co. Ltd., Class A		7,900	$	25,599
Zhejiang Longsheng Group Co. Ltd., Class A		19,300		22,218
Zhejiang Medicine Co. Ltd., Class A		10,400		12,907
Zhejiang Orient Financial Holdings Group Co. Ltd., Class A		17,420		8,966
Zhejiang Runtu Co. Ltd., Class A		19,400		15,703
Zhejiang Semir Garment Co. Ltd., Class A		21,700		16,033
Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A		14,000		30,489
Zhejiang Wanliyang Co. Ltd., Class A *		11,400		9,842
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A		14,980		16,706
Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H		21,400		25,701
Zhongjin Gold Corp. Ltd., Class A		32,000		54,725
Zhongshan Broad Ocean Motor Co. Ltd., Class A		22,200		15,327
Zhongsheng Group Holdings Ltd.		62,500		108,280
Zhuhai Huafa Properties Co. Ltd., Class A		11,600		11,460
Zhuzhou CRRC Times Electric Co. Ltd.		23,200		73,511
Zhuzhou Kibing Group Co. Ltd., Class A		10,500		10,446
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H		85,800		53,167
				49,959,141
Colombia — 0.1%
Bancolombia SA		4,612		40,903
Bancolombia SA, ADR		777		26,589
Cementos Argos SA		7,042		15,741
CEMEX Latam Holdings SA *§		13,000		4,278
Corp. Financiera Colombiana SA		2,308		7,941
Grupo Argos SA		22,537		89,676
				185,128
Cyprus — 0.0%
ASBISc Enterprises PLC		2,088		13,957
Czech Republic — 0.1%
Komercni Banka AS		5,768		206,579
Moneta Money Bank AS ±		3,540		15,395
				221,974
Greece — 0.5%
Alpha Services & Holdings SA *		139,014		244,460
Bank of Greece		859		14,364
Eurobank Ergasias Services & Holdings SA, Class A *		60,567		116,441
Fourlis Holdings SA		3,046		13,966
Helleniq Energy Holdings SA		5,395		48,542
Motor Oil Hellas Corinth Refineries SA		4,222		125,806
National Bank of Greece SA *		10,842		84,873
Piraeus Financial Holdings SA *		71,017		296,966
				945,418
Hong Kong — 0.2%
Alibaba Pictures Group Ltd. *		430,000		24,997
BOC Aviation Ltd. ±		8,900		68,567
China Zhongwang Holdings Ltd. @*§		154,000		—
CTEG @*§		98,000		—
Jinmao Property Services Co. Ltd.		6,646		1,868
Lumena New Materials *§		5,599		—

	SHARES		VALUE†
Orient Overseas International Ltd.		7,000	$	83,622
Sino Biopharmaceutical Ltd.		234,000		90,289
Vnet Group, Inc., ADR @*		9,629		14,925
Yuexiu Property Co. Ltd.		135,006		74,343
				358,611
Hungary — 0.2%
MOL Hungarian Oil & Gas PLC		44,543		361,207
				361,207
India — 20.6%
ACC Ltd.		5,493		163,468
Aditya Birla Capital Ltd. *		44,000		92,851
Advanced Enzyme Technologies Ltd.		3,035		12,554
Ahluwalia Contracts India Ltd.		1,765		21,443
Alembic Pharmaceuticals Ltd.		5,197		61,315
Allcargo Logistics Ltd. *		19,940		17,214
Allcargo Terminals Ltd.		4,985		3,251
Amara Raja Energy & Mobility Ltd.		8,020		73,510
Ambuja Cements Ltd.		36,667		269,499
Apar Industries Ltd.		559		46,515
Apollo Tyres Ltd.		31,532		176,918
Arvind Ltd.		13,452		43,597
Aster DM Healthcare Ltd. *±		9,764		47,654
Aurobindo Pharma Ltd.		25,561		334,061
Avanti Feeds Ltd.		2,210		12,764
Axis Bank Ltd.		133,355		1,673,283
Axis Bank Ltd., GDR		12,180		770,994
Bajaj Consumer Care Ltd.		10,520		26,766
Bajaj Holdings & Investment Ltd.		2,428		241,628
Balrampur Chini Mills Ltd.		14,783		63,987
Bandhan Bank Ltd. ±		42,966		92,678
Bank of Baroda		74,524		236,254
Bank of India		26,524		43,251
Bharat Electronics Ltd.		13,036		31,550
Bharat Heavy Electricals Ltd.		96,730		287,050
Birla Corp. Ltd.		3,237		55,190
Birlasoft Ltd.		1,959		17,432
Bombay Burmah Trading Co.		684		12,835
Camlin Fine Sciences Ltd. *		4,352		4,657
Can Fin Homes Ltd.		2,104		19,025
Canara Bank		25,786		180,079
Ceat Ltd.		3,536		112,818
Century Textiles & Industries Ltd.		3,170		61,954
Chambal Fertilizers and Chemicals Ltd.		13,907		57,210
Cholamandalam Financial Holdings Ltd.		8,070		108,661
CIE Automotive India Ltd.		6,907		38,178
Cipla Ltd.		32,099		575,763
City Union Bank Ltd.		30,829		49,828
CMS Info Systems Ltd.		2,254		10,567
Cochin Shipyard Ltd. ±		7,994		83,532
Container Corp. Of India Ltd.		7,508		79,489
Coromandel International Ltd.		2,932		37,897
CSB Bank Ltd. *		3,753		15,837
Cyient Ltd.		5,068		120,620
Dalmia Bharat Ltd.		5,315		124,013
DCB Bank Ltd.		19,962		28,733
DCM Shriram Ltd.		2,904		29,770
Deepak Fertilisers & Petrochemicals Corp. Ltd.		4,535		27,296
DLF Ltd.		27,758		299,538
Dr Reddy's Laboratories Ltd., ADR		1,311		96,162

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
India (Continued)
eClerx Services Ltd.		783	$	22,391
EID Parry India Ltd.		7,288		47,537
Electrosteel Castings Ltd.		23,821		50,925
Engineers India Ltd.		17,515		42,337
EPL Ltd.		5,342		11,462
Equitas Small Finance Bank Ltd. ±		16,074		17,808
Exide Industries Ltd.		26,178		96,046
FDC Ltd. *		3,013		15,397
Federal Bank Ltd.		161,831		291,054
Finolex Cables Ltd.		3,726		44,630
Finolex Industries Ltd.		15,431		45,570
Firstsource Solutions Ltd.		20,730		49,214
Fortis Healthcare Ltd.		5,066		25,466
GAIL India Ltd.		260,433		568,002
Gateway Distriparks Ltd.		25,136		30,379
GHCL Ltd.		5,527		29,423
GHCL Textiles Ltd. *		5,527		5,020
Glenmark Pharmaceuticals Ltd.		12,966		148,623
Godawari Power and Ispat Ltd.		2,402		21,686
Godfrey Phillips India Ltd.		794		29,432
Godrej Industries Ltd. *		1,769		16,523
Granules India Ltd.		16,905		87,512
Grasim Industries Ltd.		17,963		496,445
Great Eastern Shipping Co. Ltd. (The)		8,516		101,837
Gujarat Alkalies & Chemicals Ltd.		2,551		20,514
Gujarat Ambuja Exports Ltd.		8,766		16,659
Gujarat Mineral Development Corp. Ltd.		5,595		23,037
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		8,187		61,440
Gujarat Pipavav Port Ltd.		19,498		49,702
Gujarat State Fertilizers & Chemicals Ltd.		11,602		27,258
Gujarat State Petronet Ltd.		23,082		97,473
HDFC Bank Ltd.		98,376		1,706,784
HEG Ltd.		1,254		27,667
Hero MotoCorp Ltd.		8,694		493,062
Himadri Speciality Chemical Ltd.		10,592		38,354
Hindalco Industries Ltd.		158,495		1,067,719
Hindustan Aeronautics Ltd.		2,747		110,041
ICICI Bank Ltd., ADR		46,932		1,239,474
IDFC First Bank Ltd. *		161,251		145,972
IDFC Ltd. *		76,058		101,225
IIFL Finance Ltd.		7,253		29,481
IIFL Securities Ltd.		25,376		37,424
India Cements Ltd. (The) *		14,192		36,313
Indiabulls Housing Finance Ltd. *		15,725		15,772
Indiabulls Housing Finance Ltd.		31,451		63,202
Indian Bank		12,211		76,426
Indian Railway Finance Corp. Ltd. ±		47,733		81,899
Indus Towers Ltd. *		55,203		192,808
IndusInd Bank Ltd.		28,574		530,950
Infibeam Avenues Ltd.		77,058		31,552
Info Edge India Ltd.		2,973		198,550
IRCON International Ltd. ±		18,858		49,393
ISGEC Heavy Engineering Ltd.		1,061		11,363
Jindal Saw Ltd.		14,261		74,252
Jindal Stainless Ltd.		31,050		257,998
Jindal Steel & Power Ltd.		46,366		473,180
Jio Financial Services Ltd. *		206,554		876,466
JK Lakshmi Cement Ltd.		4,751		50,015
JK Paper Ltd.		10,798		41,818
JK Tyre & Industries Ltd.		10,161		52,741
JM Financial Ltd.		40,467		36,026
JSW Energy Ltd.		29,196		184,500

	SHARES		VALUE†
JSW Steel Ltd.		80,442	$	804,203
Jubilant Ingrevia Ltd.		2,745		14,893
Jubilant Pharmova Ltd.		9,690		65,806
Kalpataru Projects International Ltd.		5,415		68,825
Karnataka Bank Ltd. (The)		29,326		79,044
Karur Vysya Bank Ltd. (The)		36,209		79,427
Kaveri Seed Co. Ltd.		1,897		14,258
KEC International Ltd.		2,733		22,678
Kirloskar Oil Engines Ltd.		798		8,229
KNR Constructions Ltd.		3,786		11,172
KRBL Ltd.		5,994		19,979
L&T Finance Holdings Ltd.		78,972		150,554
Larsen & Toubro Ltd.		4,048		182,732
Larsen & Toubro Ltd., GDR		31,226		1,414,538
LG Balakrishnan & Bros Ltd.		1,438		21,963
LIC Housing Finance Ltd.		24,147		177,565
LT Foods Ltd.		16,533		36,970
Lupin Ltd.		15,489		301,599
Maharashtra Seamless Ltd.		3,116		31,394
Mahindra & Mahindra Financial Services Ltd.		54,856		182,716
Mahindra & Mahindra Ltd.		60,755		1,395,247
Mahindra & Mahindra Ltd., GDR		4,830		112,539
Manappuram Finance Ltd.		34,315		71,385
Meghmani Organics Ltd.		7,232		6,872
MOIL Ltd.		5,661		18,852
Motilal Oswal Financial Services Ltd.		1,768		35,417
MRF Ltd.		136		218,381
Muthoot Finance Ltd.		6,474		114,576
Natco Pharma Ltd.		3,671		41,945
National Aluminium Co. Ltd.		39,968		73,416
Nava Ltd.		6,116		35,478
NCC Ltd.		30,074		83,891
NESCO Ltd.		965		9,661
NIIT Learning Systems Ltd.		2,427		14,511
NIIT Ltd.		2,427		3,061
Nilkamal Ltd.		322		6,614
NMDC Ltd.		47,585		115,279
NMDC Steel Ltd. *		47,585		31,380
NOCIL Ltd.		7,374		22,192
Oberoi Realty Ltd.		9,011		158,822
Orient Cement Ltd.		6,133		14,361
PCBL Ltd.		11,386		36,416
Petronet LNG Ltd.		67,706		214,315
Piramal Enterprises Ltd.		5,901		60,084
Piramal Pharma Ltd. *		29,025		44,737
PNB Housing Finance Ltd. *±		6,492		48,856
PNC Infratech Ltd.		4,201		21,961
Polyplex Corp. Ltd.		1,545		14,190
Power Finance Corp. Ltd.		121,886		572,219
Prestige Estates Projects Ltd.		14,610		205,830
PTC India Ltd.		17,788		39,670
Punjab National Bank		115,447		172,196
Quess Corp. Ltd. ±		2,433		15,082
Rain Industries Ltd.		17,328		31,165
Rajesh Exports Ltd. *		7,411		23,294
Rallis India Ltd.		3,389		10,163
Ramco Cements Ltd. (The)		7,384		72,510
Rashtriya Chemicals & Fertilizers Ltd.		16,695		25,662
Raymond Ltd.		3,276		70,895
RBL Bank Ltd. ±		35,444		102,504
REC Ltd.		124,810		676,034
Redington Ltd.		57,900		144,086
Reliance Industries Ltd.		206,554		7,356,222
Reliance Power Ltd. *		223,846		75,821

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
India (Continued)
RITES Ltd.		2,755	$	21,868
Samvardhana Motherson International Ltd.		156,613		219,702
Shipping Corp. of India Land & Assets Ltd., Spin-off Shares *		14,166		6,777
Shipping Corp. of India Ltd.		14,166		35,490
Shriram Finance Ltd.		20,316		574,872
Sobha Ltd.		3,407		58,822
South Indian Bank Ltd. *<>		16,698		5,456
South Indian Bank Ltd. (The)		66,795		21,944
Star Cement Ltd. *		7,280		19,727
State Bank of India		69,305		625,679
State Bank of India, GDR		8,728		791,630
Steel Authority of India Ltd.		89,762		144,594
Strides Pharma Science Ltd.		5,470		51,550
Sun Pharmaceutical Industries Ltd.		32,247		629,068
Sun TV Network Ltd.		5,489		39,291
Sundaram-Clayton Ltd. *		221		3,713
Sunteck Realty Ltd. *		5,951		27,692
Surya Roshni Ltd.		1,546		9,380
Tata Chemicals Ltd.		12,988		168,644
Tata Consumer Products Ltd.		7,849		103,521
Tata Steel Ltd.		430,140		805,586
Tata Steel Ltd., GDR		6,923		128,422
Techno Electric & Engineering Co. Ltd.		2,836		26,081
Thirumalai Chemicals Ltd.		4,154		11,652
TransIndia Real Estate Ltd. *		4,985		2,776
Transport Corp. of India Ltd.		1,095		10,700
Tube Investments of India Ltd.		732		32,739
TVS Holdings Ltd. *		221		21,537
Uflex Ltd.		3,166		15,412
Union Bank of India Ltd.		81,852		150,843
UPL Ltd.		40,601		222,033
Usha Martin Ltd.		14,837		56,918
UTI Asset Management Co. Ltd.		947		9,197
VA Tech Wabag Ltd. *		2,558		23,426
Vardhman Textiles Ltd.		8,165		43,565
Varroc Engineering Ltd. *±		3,632		22,340
Vedanta Ltd.		58,464		191,054
Voltamp Transformers Ltd.		307		35,227
Welspun Corp. Ltd.		11,246		69,308
Welspun Living Ltd.		30,613		50,653
West Coast Paper Mills Ltd.		3,247		23,114
Wipro Ltd.		41,058		236,298
Wipro Ltd., ADR @		54,311		312,288
Wockhardt Ltd. *		5,344		37,529
Yes Bank Ltd. *		469,708		130,377
Zee Entertainment Enterprises Ltd. *		70,032		116,507
Zensar Technologies Ltd.		5,610		40,560
Zydus Lifesciences Ltd.		13,699		166,551
Zydus Wellness Ltd.		1,266		22,319
				40,895,137
Indonesia — 1.6%
Ace Hardware Indonesia Tbk. PT		625,900		34,739
Adaro Energy Indonesia Tbk. PT		1,752,200		298,388
AKR Corporindo Tbk. PT		245,800		26,665
Aneka Tambang  Tbk. PT		600,600		60,609
Astra Agro Lestari Tbk. PT		61,744		26,871
Astra International Tbk. PT		1,623,600		527,376

	SHARES		VALUE†
Astra Otoparts Tbk. PT		19,600	$	2,757
Bank Mandiri Persero Tbk. PT		73,400		33,564
Bank Maybank Indonesia Tbk. PT		568,800		9,256
Bank Negara Indonesia Persero Tbk. PT		916,932		341,211
Bank OCBC Nisp Tbk. PT		223,000		19,269
Bank Pan Indonesia Tbk. PT *		399,700		28,991
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk. PT		173,300		13,226
Bank Pembangunan Daerah Jawa Timur Tbk. PT		403,000		15,251
Bank Tabungan Negara Persero Tbk. PT		537,509		52,717
BISI International Tbk. PT		94,000		12,095
Bukalapak.com Tbk. PT *		2,923,900		28,031
Bukit Asam Tbk. PT		339,600		63,615
Bumi Resources Minerals Tbk. PT *		2,909,300		27,524
Bumi Resources Tbk. PT *		3,292,800		17,445
Bumi Serpong Damai Tbk. PT *		435,700		27,068
Charoen Pokphand Indonesia Tbk. PT		65,700		21,755
Ciputra Development Tbk. PT		924,577		75,809
Dayamitra Telekomunikasi PT		857,100		33,246
Elang Mahkota Teknologi Tbk. PT		999,500		27,485
Erajaya Swasembada Tbk. PT		1,042,500		28,273
GoTo Gojek Tokopedia Tbk. PT *		1,981,100		8,622
Gudang Garam Tbk. PT		38,200		47,946
Hanson International Tbk. PT *§		5,335,700		—
Harum Energy Tbk. PT *		170,700		14,535
Indah Kiat Pulp & Paper Tbk. PT		294,700		177,972
Indika Energy Tbk. PT		180,500		17,020
Indo Tambangraya Megah Tbk. PT		52,800		88,916
Indocement Tunggal Prakarsa Tbk. PT		78,800		43,488
Indofood Sukses Makmur Tbk. PT		407,500		163,848
Japfa Comfeed Indonesia Tbk. PT		567,600		42,601
Medco Energi Internasional Tbk. PT		1,095,352		98,792
Pabrik Kertas Tjiwi Kimia Tbk. PT		133,200		59,858
Pakuwon Jati Tbk. PT		433,100		11,582
Panin Financial Tbk. PT *		1,207,600		21,631
Perusahaan Perkebunan London Sumatra Indonesia Tbk. PT		296,500		16,737
Sawit Sumbermas Sarana Tbk. PT		240,200		15,756
Semen Indonesia Persero Tbk. PT		223,824		83,290
Sri Rejeki Isman Tbk. PT *§		996,900		—
Summarecon Agung Tbk. PT		932,100		31,158
Surya Citra Media Tbk. PT		1,943,100		17,280
Surya Esa Perkasa Tbk. PT *		324,100		13,798
Triputra Agro Persada PT		418,500		15,441
Tunas Baru Lampung Tbk. PT		363,085		15,343
United Tractors Tbk. PT		182,800		278,725
Vale Indonesia Tbk. PT		184,400		47,336
XL Axiata Tbk. PT		522,966		74,544
				3,259,455
Korea — 13.0%
Amorepacific Corp.		432		38,892
Amorepacific Corp		1,396		28,101
Ananti, Inc. *		3,670		17,502
Asia Paper Manufacturing Co. Ltd.		567		18,995
BH Co. Ltd.		1,193		14,994
Binggrae Co. Ltd.		417		16,850
BNK Financial Group, Inc.		20,319		120,442
Boryung		1,586		15,563
CJ CheilJedang Corp.		860		186,533

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Korea (Continued)
CJ Corp. *		1,381	$	125,354
CJ ENM Co. Ltd. *		1,200		69,794
CJ Logistics Corp.		649		57,705
Dae Won Kang Up Co. Ltd.		4,223		16,280
Daesang Corp.		2,426		35,338
Daewoo Engineering & Construction Co. Ltd. *		18,960		52,532
Daewoong Co. Ltd.		1,602		24,632
Daishin Securities Co. Ltd.		3,671		42,920
Daou Data Corp.		1,785		16,892
Daou Technology, Inc.		2,149		33,841
DB HiTek Co. Ltd.		1,122		36,587
DB Insurance Co. Ltd.		3,376		241,492
DB, Inc. *		6,843		7,863
DGB Financial Group, Inc.		18,216		117,719
DL E&C Co. Ltd.		2,318		63,363
DL Holdings Co. Ltd.		1,534		59,708
Dong-A Socio Holdings Co. Ltd.		287		25,071
Dong-A ST Co. Ltd.		241		13,390
Dongkuk Holdings Co. Ltd.		1,150		6,996
Dongkuk Steel Mill Co. Ltd.		3,583		30,660
Dongwha Pharm Co. Ltd.		736		5,194
Dongwon F&B Co. Ltd.		640		15,949
Dongwon Industries Co. Ltd.		715		21,085
Doosan Bobcat, Inc.		4,635		185,916
Doosan Co. Ltd. *		376		42,173
DoubleUGames Co. Ltd.		604		19,000
E-MART, Inc. *		1,350		68,490
ENF Technology Co. Ltd.		555		10,677
Eugene Investment & Securities Co. Ltd.		8,694		27,349
Fila Holdings Corp.		3,191		90,901
Green Cross Corp.		247		22,971
GS Engineering & Construction Corp. *		2,015		22,721
GS Holdings Corp.		4,562		164,351
GS Retail Co. Ltd.		3,803		57,769
Hana Financial Group, Inc.		22,264		974,076
Handsome Co. Ltd.		1,312		19,491
Hanil Holdings Co. Ltd.		1,021		9,503
Hanjin Kal Corp.		418		18,443
Hankook Tire & Technology Co. Ltd.		5,220		209,769
Hansol Paper Co. Ltd.		2,232		17,176
Hansol Technics Co. Ltd.		1,664		7,762
Hanwha Corp.		3,458		72,435
Hanwha Galleria Corp. *		4,602		4,861
Hanwha Investment & Securities Co. Ltd. *		13,449		39,960
Hanwha Life Insurance Co. Ltd.		20,246		43,613
Hanwha Solutions Corp.		7,228		148,453
Hanwha Systems Co. Ltd.		1,328		16,977
Harim Holdings Co. Ltd.		2,243		11,213
HD Hyundai Co. Ltd.		3,291		168,431
HD Hyundai Construction Equipment Co. Ltd.		1,558		67,701
HD Hyundai Energy Solutions Co. Ltd. *		362		6,319
HD Hyundai Infracore Co. Ltd.		7,764		49,367
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. *		2,470		220,534
HDC Holdings Co. Ltd.		2,781		16,774
HDC Hyundai Development Co.-Engineering & Construction		2,554		34,034
HK inno N Corp.		690		19,476
HL Holdings Corp.		389		9,767
HL Mando Co. Ltd.		2,866		72,595
HMM Co. Ltd.		19,467		227,748

	SHARES		VALUE†
Hy-Lok Corp.		918	$	17,763
Hyosung Corp.		657		30,404
Hyosung Heavy Industries Corp.		154		31,744
Hyosung TNC Corp.		121		27,728
Hyundai Department Store Co. Ltd.		867		33,424
Hyundai Engineering & Construction Co. Ltd.		4,831		119,317
Hyundai GF Holdings		3,524		11,347
Hyundai Glovis Co. Ltd.		1,581		212,092
Hyundai Home Shopping Network Corp.		716		27,762
Hyundai Marine & Fire Insurance Co. Ltd.		4,572		104,770
Hyundai Mobis Co. Ltd.		3,389		658,290
Hyundai Motor Co.		10,966		1,930,505
Hyundai Steel Co.		5,647		133,389
Hyundai Wia Corp. *		941		39,772
Industrial Bank of Korea		20,136		208,652
Innocean Worldwide, Inc.		814		13,544
INTOPS Co. Ltd.		1,491		33,779
IS Dongseo Co. Ltd.		1,027		22,466
JB Financial Group Co. Ltd.		11,834		114,626
Kakao Games Corp. *		548		9,505
KB Financial Group, Inc., ADR		24,215		1,260,875
KCC Corp.		293		57,675
KCC Glass Corp.		444		13,588
KEPCO Plant Service & Engineering Co. Ltd.		695		18,740
KG Eco Technology Service Co. Ltd.		1,719		12,067
Kia Corp.		23,059		1,918,372
KISWIRE Ltd.		1,165		18,389
KIWOOM Securities Co. Ltd.		1,176		107,707
Kolon Industries, Inc.		1,930		54,477
Korea Asset In Trust Co. Ltd.		5,452		12,757
Korea Circuit Co. Ltd. *		737		9,909
Korea Electric Terminal Co. Ltd.		682		31,409
Korea Investment Holdings Co. Ltd.		2,704		133,769
Korea Line Corp. *		16,631		23,682
Korea Real Estate Investment & Trust Co. Ltd.		10,376		7,954
Korea Zinc Co. Ltd.		457		154,285
Korean Air Lines Co. Ltd.		13,791		222,295
Korean Reinsurance Co.		12,952		80,045
KT&G Corp.		1,723		119,922
Kumho Petrochemical Co. Ltd.		1,237		129,098
Kumho Tire Co., Inc. *		3,713		16,465
Kwang Dong Pharmaceutical Co. Ltd.		5,019		27,514
LG Chem Ltd.		2,768		904,676
LG Corp.		5,347		347,927
LG Display Co. Ltd. *		16,033		126,001
LG Display Co. Ltd., ADR @		8,853		36,297
LG Electronics, Inc.		10,373		745,854
LG H&H Co. Ltd.		577		165,653
LG Innotek Co. Ltd.		893		131,007
LG Uplus Corp.		19,185		143,220
Lotte Chemical Corp.		1,267		112,936
Lotte Chilsung Beverage Co. Ltd.		290		27,551
Lotte Corp.		1,582		32,727
LOTTE Fine Chemical Co. Ltd.		1,517		53,468
Lotte Shopping Co. Ltd.		641		35,044
Lotte Wellfood Co. Ltd.		167		15,208
LS Corp.		1,155		97,977
LX Hausys Ltd.		728		21,360
LX Holdings Corp.		2,593		13,463
LX International Corp.		3,459		68,217
Meritz Financial Group, Inc.		258		15,657
Mirae Asset Life Insurance Co. Ltd. *		5,257		17,709

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Korea (Continued)
Mirae Asset Securities Co. Ltd.		23,824	$	143,873
MK Electron Co. Ltd.		1,843		19,166
Netmarble Corp. *±		1,028		48,183
Nexen Tire Corp.		5,151		31,834
NH Investment & Securities Co. Ltd.		10,116		88,593
NHN Corp.		2,376		44,564
NongShim Co. Ltd.		178		49,252
OCI Co. Ltd.		450		28,713
OCI Holdings Co. Ltd.		995		69,548
Orion Holdings Corp.		2,572		27,014
Ottogi Corp.		131		38,777
Pan Ocean Co. Ltd.		22,750		71,989
Paradise Co. Ltd.		1,846		19,622
Partron Co. Ltd.		1,897		11,090
Poongsan Corp.		1,950		72,858
POSCO Holdings, Inc.		1,386		433,431
POSCO Holdings, Inc., ADR		12,275		962,606
S-Oil Corp.		3,801		219,943
Samsung C&T Corp.		4,028		479,022
Samsung Card Co. Ltd.		2,083		59,492
Samsung Electronics Co. Ltd.		9,536		572,337
Samsung Electronics Co. Ltd., GDR		1,507		2,240,909
Samsung Fire & Marine Insurance Co. Ltd.		1,830		420,033
Samsung Life Insurance Co. Ltd.		4,057		287,795
Samsung SDS Co. Ltd.		215		26,127
Samsung Securities Co. Ltd.		4,720		142,696
Samyang Holdings Corp.		409		21,692
Sangsangin Co. Ltd. *		375		1,059
SD Biosensor, Inc. *		2,641		23,207
SeAH Steel Holdings Corp.		235		40,410
Sebang Global Battery Co. Ltd.		697		40,746
Seegene, Inc.		2,156		39,397
Seojin System Co. Ltd. *		932		17,515
Seoul Semiconductor Co. Ltd.		2,206		16,763
SFA Engineering Corp.		456		8,654
SGC Energy Co. Ltd.		395		6,587
Shinhan Financial Group Co. Ltd.		23,813		834,892
Shinhan Financial Group Co. Ltd., ADR		5,343		189,623
Shinsegae International, Inc.		1,209		16,012
Shinsegae, Inc.		629		79,568
Shinyoung Securities Co. Ltd.		511		24,179
SK Chemicals Co. Ltd.		931		43,706
SK Discovery Co. Ltd.		1,247		41,451
SK Gas Ltd.		364		40,692
SK Innovation Co. Ltd. *		3,729		327,958
SK Networks Co. Ltd.		12,838		58,361
SK Securities Co. Ltd.		36,346		16,631
SK, Inc.		2,700		366,217
SL Corp.		1,820		42,991
SNT Motiv Co. Ltd.		1,086		36,261
Songwon Industrial Co. Ltd.		1,925		19,775
Sung Kwang Bend Co. Ltd.		2,237		18,611
Sungwoo Hitech Co. Ltd.		3,959		27,849
Unid Co. Ltd.		511		30,897
Webzen, Inc.		2,781		34,085
Woori Financial Group, Inc.		45,228		490,159
Youngone Corp.		2,083		62,587
Youngone Holdings Co. Ltd.		787		50,508

	SHARES		VALUE†
Zinus, Inc.		1,112	$	11,547
				25,790,915
Malaysia — 1.5%
Alliance Bank Malaysia Bhd.		93,200		72,465
AMMB Holdings Bhd.		154,687		136,287
Axiata Group Bhd.		191,100		108,612
Bank Islam Malaysia Bhd.		33,500		18,190
Batu Kawan Bhd.		16,500		69,514
Bumi Armada Bhd. *		264,700		31,878
CIMB Group Holdings Bhd.		502,873		695,926
DRB-Hicom Bhd.		119,100		36,739
Ekovest Bhd. *		206,300		21,358
Gamuda Bhd.		131,363		146,267
Genting Bhd.		144,900		144,502
Genting Malaysia Bhd.		186,500		107,573
Genting Plantations Bhd.		7,100		9,226
Hibiscus Petroleum Bhd.		56,080		30,096
Hong Leong Financial Group Bhd.		17,621		61,057
IJM Corp. Bhd.		181,760		92,934
IOI Properties Group Bhd.		75,850		36,058
Kossan Rubber Industries Bhd.		80,000		33,129
Magnum Bhd.		86,961		20,946
Mah Sing Group Bhd.		205,885		53,940
Malayan Banking Bhd.		28,643		58,399
Malaysia Building Society Bhd. *		205,001		34,434
Malaysian Resources Corp. Bhd.		142,600		19,885
Matrix Concepts Holdings Bhd.		64,200		24,416
Mega First Corp. Bhd.		27,600		25,308
MISC Bhd.		80,820		130,630
MKH Bhd.		36,950		10,461
Mkh Oil Plam *<>		5,278		859
Oriental Holdings Bhd.		25,760		34,234
OSK Holdings Bhd.		74,455		23,125
PPB Group Bhd.		37,500		123,600
RHB Bank Bhd.		156,680		186,705
Sarawak Oil Palms Bhd.		30,750		20,011
Sime Darby Bhd.		293,600		161,285
Sime Darby Property Bhd.		308,000		59,869
SP Setia Bhd. Group		143,480		43,047
Sunway Bhd.		37,097		27,433
Ta Ann Holdings Bhd.		12,260		10,361
Top Glove Corp. Bhd. *		152,600		25,793
UEM Sunrise Bhd.		48,500		12,399
United Malacca Bhd.		14,600		15,547
UOA Development Bhd.		18,187		7,186
Velesto Energy Bhd. *		203,400		12,463
Yinson Holdings Bhd.		96,880		47,488
YTL Corp. Bhd.		50,443		27,817
				3,069,452
Mexico — 3.3%
Alfa SAB de CV, Class A		260,453		192,858
Banco del Bajio SA ±		49,342		191,705
Becle SAB de CV		7,000		16,455
Cemex SAB de CV *		605,139		534,722
Cemex SAB de CV, ADR *		2,361		21,273
Consorcio ARA SAB de CV		72,788		14,011
Controladora AXTEL SAB DE CV *		260,453		3,995
Corp. Actinver SAB de CV		15,700		14,071
El Puerto de Liverpool SAB de CV, Class C1		11,951		103,677

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Mexico (Continued)
Fomento Economico Mexicano SAB de CV		56,916	$	740,016
Genomma Lab Internacional SAB de CV, Class B		44,530		42,027
Gentera SAB de CV		106,289		181,640
Grupo Carso SAB de CV, Series A1		20,689		185,653
Grupo Comercial Chedraui SA de CV		3,082		24,851
Grupo Financiero Banorte SAB de CV, Class O		130,400		1,385,694
Grupo Financiero Inbursa SAB de CV, Class O *		102,758		315,670
Grupo Hotelero Santa Fe SAB de CV *		22,600		5,071
Grupo Mexico SAB de CV, Series B		204,503		1,209,218
Grupo Traxion SAB de CV *±		22,512		41,653
Industrias CH SAB de CV, Series B *		23,916		274,629
Industrias Penoles SAB de CV *		9,977		141,609
La Comer SAB de CV		31,617		74,323
Megacable Holdings SAB de CV		59,163		164,416
Nemak SAB de CV *±		174,679		34,464
Orbia Advance Corp. SAB de CV		75,251		157,206
Organizacion Soriana SAB de CV, Class B		57,868		118,246
Promotora y Operadora de Infraestructura SAB de CV		13,054		138,522
Promotora y Operadora de Infraestructura SAB de CV, Class L		1,600		10,592
Regional SAB de CV		15,015		147,896
				6,486,163
Philippines — 0.7%
ACEN Corp.		168,237		11,522
Alliance Global Group, Inc.		253,300		45,780
Ayala Corp.		10,620		120,907
Ayala Land, Inc.		38,300		21,972
Bank of the Philippine Islands		28,578		60,038
BDO Unibank, Inc.		36,730		100,948
Belle Corp. *		176,000		5,636
China Banking Corp.		74,676		48,487
Converge Information & Communications Technology Solutions, Inc. *		82,200		14,564
Cosco Capital, Inc.		257,000		22,539
DMCI Holdings, Inc.		385,900		77,983
Filinvest Land, Inc.		1,435,000		17,358
First Philippine Holdings Corp.		26,510		30,653
Globe Telecom, Inc.		1,080		33,986
GT Capital Holdings, Inc.		4,582		57,382
JG Summit Holdings, Inc.		178,383		115,506
LT Group, Inc.		132,300		23,511
Megaworld Corp.		1,004,700		34,315
Metropolitan Bank & Trust Co.		133,237		154,414
Puregold Price Club, Inc.		55,500		26,459
Rizal Commercial Banking Corp.		47,790		19,893
Robinsons Land Corp.		247,455		73,424
San Miguel Corp.		41,650		81,426
Security Bank Corp.		37,690		45,994
Top Frontier Investment Holdings, Inc. *		4,630		7,437
Union Bank of the Philippines		66,330		53,097
				1,305,231
Poland — 1.0%
AB SA		845		18,363
Alior Bank SA *		7,841		192,261
Amica SA *		306		5,692
Asseco Poland SA		5,651		109,644
Cognor Holding SA		3,349		7,102
Cyfrowy Polsat SA *		17,146		46,103

	SHARES		VALUE†
Echo Investment SA		1,732	$	2,038
Enea SA *		30,606		71,720
Jastrzebska Spolka Weglowa SA *		5,386		50,094
KGHM Polska Miedz SA		9,866		281,953
Lubelski Wegiel Bogdanka SA		1,684		14,166
ORLEN SA		59,254		965,438
PGE Polska Grupa Energetyczna SA *		70,185		126,548
Tauron Polska Energia SA *		125,505		96,148
				1,987,270
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		20,969
SIIC Environment Holdings Ltd.		67,000		7,618
				28,587
South Africa — 2.5%
Absa Group Ltd.		58,028		453,838
AECI Ltd.		11,902		58,398
African Rainbow Minerals Ltd. @		9,314		80,885
Aspen Pharmacare Holdings Ltd.		30,080		348,413
Barloworld Ltd.		20,449		65,882
DataTec Ltd.		23,107		46,226
Exxaro Resources Ltd.		19,227		171,541
Foschini Group Ltd. (The)		32,821		172,510
Grindrod Ltd.		33,342		22,850
Harmony Gold Mining Co. Ltd.		8,696		72,548
Harmony Gold Mining Co. Ltd., ADR		30,759		251,301
Impala Platinum Holdings Ltd.		74,519		308,109
Investec Ltd.		9,799		64,635
KAP Ltd. *		156,089		21,427
Lewis Group Ltd.		3,337		7,664
Life Healthcare Group Holdings Ltd.		105,017		95,314
Momentum Metropolitan Holdings		22,884		24,551
Motus Holdings Ltd. @		16,747		77,351
Mpact Ltd.		15,365		21,587
MTN Group Ltd. @		111,789		553,279
Naspers Ltd., Class N		1,011		179,223
Nedbank Group Ltd.		28,026		338,369
Oceana Group Ltd.		7,336		27,307
Old Mutual Ltd.		361,727		224,408
Omnia Holdings Ltd.		16,030		49,960
Pepkor Holdings Ltd. ±		139,829		139,312
PPC Ltd. *		93,872		16,356
Raubex Group Ltd.		16,897		27,576
Reunert Ltd.		2,910		10,140
Sappi Ltd.		46,866		124,440
Sasol Ltd.		43,988		339,990
Sasol Ltd., ADR @		3,934		30,725
Sibanye Stillwater Ltd.		202,105		231,450
Sibanye Stillwater Ltd., ADR @		1,610		7,583
SPAR Group Ltd. (The) *		2,272		10,609
Standard Bank Group Ltd.		5,831		57,029
Super Group Ltd.		41,508		56,323
Telkom SA SOC Ltd. *		28,405		44,992
Thungela Resources Ltd.		8,954		57,619
Zeda Ltd. *		20,449		11,930
				4,903,650
Taiwan — 19.6%
AcBel Polytech, Inc.		40,000		48,620

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Taiwan (Continued)
Acer, Inc.		187,884	$	273,870
Acter Group Corp. Ltd.		8,000		50,494
Advanced International Multitech Co. Ltd.		8,000		17,473
Altek Corp.		13,000		14,745
Ambassador Hotel (The)		20,000		38,183
AmTRAN Technology Co. Ltd.		70,500		31,281
Apex International Co. Ltd.		15,000		18,795
Arcadyan Technology Corp.		11,000		65,821
Ardentec Corp.		39,092		100,529
ASE Technology Holding Co. Ltd.		233,000		1,128,470
Asia Cement Corp.		158,269		202,513
Asia Optical Co., Inc.		5,000		10,155
Asia Polymer Corp.		31,602		18,860
Asustek Computer, Inc.		47,000		621,948
AUO Corp.		502,400		284,139
Bank of Kaohsiung Co. Ltd. *		62,725		23,323
Basso Industry Corp.		9,000		11,713
BES Engineering Corp.		91,000		40,092
Bioteque Corp.		3,000		11,811
Bizlink Holding, Inc.		9,029		72,506
Brighton-Best International Taiwan, Inc.		17,000		17,954
Capital Securities Corp.		184,437		109,209
Catcher Technology Co. Ltd.		43,000		292,234
Cathay Financial Holding Co. Ltd.		393,170		592,762
Cathay Real Estate Development Co. Ltd.		70,000		46,479
Center Laboratories, Inc.		26,000		35,340
Chang Hwa Commercial Bank Ltd.		306,946		174,077
Chang Wah Electromaterials, Inc.		20,000		24,841
Chang Wah Technology Co. Ltd.		11,000		11,703
Channel Well Technology Co. Ltd.		4,000		9,936
Cheng Loong Corp.		82,000		75,073
Cheng Shin Rubber Industry Co. Ltd.		131,000		203,437
Cheng Uei Precision Industry Co. Ltd.		44,543		64,024
Chia Hsin Cement Corp.		22,440		12,200
Chin-Poon Industrial Co. Ltd.		36,000		52,251
China Airlines Ltd.		278,111		169,455
China Bills Finance Corp.		89,000		41,992
China Chemical & Pharmaceutical Co. Ltd.		19,000		13,536
China Development Financial Holding Corp. *		1,154,559		499,653
China General Plastics Corp.		28,665		16,212
China Man-Made Fiber Corp. *		115,018		26,092
China Metal Products		31,000		36,179
China Motor Corp.		22,478		91,307
China Petrochemical Development Corp. *		319,871		94,252
China Steel Corp.		813,800		605,198
Chipbond Technology Corp.		42,000		102,233
ChipMOS Technologies, Inc.		28,897		46,050
Chong Hong Construction Co. Ltd.		5,000		13,717
Chun Yuan Steel Industry Co. Ltd.		30,000		17,998
Chung Hwa Pulp Corp.		30,000		21,935
Chung-Hsin Electric & Machinery Manufacturing Corp.		12,000		66,368
Clevo Co.		43,000		54,953
CMC Magnetics Corp. *		87,979		33,676
Co-Tech Development Corp.		6,000		10,930
Compal Electronics, Inc.		288,000		344,662
Compeq Manufacturing Co. Ltd.		109,000		266,340
Concord Securities Co. Ltd. *		37,000		19,076

	SHARES		VALUE†
Continental Holdings Corp.		42,000	$	39,633
Coretronic Corp.		40,800		99,694
CTBC Financial Holding Co. Ltd.		1,475,280		1,493,558
CTCI Corp.		33,000		48,773
D-Link Corp.		50,640		29,352
DA CIN Construction Co. Ltd.		7,200		12,554
Da-Li Development Co. Ltd.		12,600		16,555
Darfon Electronics Corp.		17,000		33,093
Darwin Precisions Corp.		55,000		27,755
Depo Auto Parts Ind Co. Ltd.		12,000		85,491
Dimerco Express Corp.		8,000		22,548
Dyaco International, Inc.		8,114		7,834
Dynamic Holding Co. Ltd.		10,000		21,685
Dynapack International Technology Corp.		7,000		20,779
Edom Technology Co. Ltd.		10,000		7,343
Elite Advanced Laser Corp.		6,000		14,080
Elitegroup Computer Systems Co. Ltd. *		35,877		34,864
Ennoconn Corp.		6,116		66,695
ENNOSTAR, Inc. *		44,414		53,638
EnTie Commercial Bank Co. Ltd.		68,000		29,853
Eternal Materials Co. Ltd. *		42,300		41,370
Eva Airways Corp.		241,478		238,433
Everest Textile Co. Ltd. *		56,568		14,724
Evergreen Aviation Technologies Corp.		4,000		13,748
Evergreen International Storage & Transport Corp.		54,000		52,729
Evergreen Marine Corp. Taiwan Ltd.		74,583		410,162
EVERGREEN Steel Corp.		13,000		51,994
Everlight Chemical Industrial Corp.		56,000		34,471
Everlight Electronics Co. Ltd.		40,000		66,868
Excelsior Medical Co. Ltd.		12,127		36,529
Far Eastern Department Stores Ltd.		85,220		79,086
Far Eastern International Bank		283,151		126,077
Far Eastern New Century Corp.		266,338		275,047
Far EasTone Telecommunications Co. Ltd.		54,000		136,504
Farglory Land Development Co. Ltd.		26,721		48,260
Feng Hsin Steel Co. Ltd. *		14,000		31,015
First Financial Holding Co. Ltd.		578,210		498,652
First Steamship Co. Ltd. *		103,240		25,420
FIT Holding Co. Ltd.		9,000		12,121
Fitipower Integrated Technology, Inc.		5,600		47,245
FLEXium Interconnect, Inc.		24,000		68,767
Flytech Technology Co. Ltd.		5,000		12,249
Forcecon Tech Co. Ltd.		5,000		23,904
Formosa Advanced Technologies Co. Ltd.		20,000		22,685
Formosa Chemicals & Fibre Corp.		176,000		300,817
Formosa Laboratories, Inc.		8,000		27,247
Formosa Petrochemical Corp.		41,000		87,884
Formosa Plastics Corp.		183,000		389,404
Formosa Sumco Technology Corp.		5,000		25,700
Formosa Taffeta Co. Ltd.		49,000		33,837
Formosan Rubber Group, Inc.		18,072		13,694
Formosan Union Chemical		48,179		29,281
Foxconn Technology Co. Ltd.		58,127		118,239
Foxsemicon Integrated Technology, Inc.		4,000		37,433
FSP Technology, Inc.		8,000		14,223
Fu Hua Innovation Co. Ltd.		19,740		17,394
Fubon Financial Holding Co. Ltd.		493,217		1,068,006
Fulltech Fiber Glass Corp.		32,893		18,654
Fusheng Precision Co. Ltd.		2,000		14,717
G Shank Enterprise Co. Ltd.		10,589		24,187

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Taiwan (Continued)
Gamania Digital Entertainment Co. Ltd.		6,000	$	13,611
Gemtek Technology Corp.		47,000		50,226
General Interface Solution Holding Ltd.		24,000		44,995
Genius Electronic Optical Co. Ltd.		4,000		63,618
Getac Holdings Corp.		21,000		87,272
Giant Manufacturing Co. Ltd.		20,000		140,610
Gigabyte Technology Co. Ltd.		3,000		29,341
Global Brands Manufacture Ltd.		21,000		48,360
Global PMX Co. Ltd.		2,000		6,687
Gloria Material Technology Corp.		34,392		53,355
Goldsun Building Materials Co. Ltd.		82,973		97,742
Grand Pacific Petrochemical		119,612		48,961
Grape King Bio Ltd.		3,000		15,139
Great Wall Enterprise Co. Ltd.		44,330		79,924
Greatek Electronics, Inc.		16,000		31,147
Hannstar Board Corp.		38,929		76,876
HannStar Display Corp. *		35,000		11,702
HannsTouch Holdings Co. *		32,279		8,321
Hey Song Corp.		18,750		24,079
Highwealth Construction Corp.		84,966		107,523
Hiwin Technologies Corp.		16,000		139,485
Ho Tung Chemical Corp.		108,688		29,750
Holy Stone Enterprise Co. Ltd.		10,500		31,628
Hon Hai Precision Industry Co. Ltd.		800,068		3,887,405
Hong Pu Real Estate Development Co. Ltd.		20,000		18,592
Hong TAI Electric Industrial		13,000		12,735
Hota Industrial Manufacturing Co. Ltd.		13,000		20,838
Hsin Kuang Steel Co. Ltd.		13,000		25,225
Hu Lane Associate, Inc.		1,000		5,171
Hua Nan Financial Holdings Co. Ltd.		496,337		355,152
Huaku Development Co. Ltd.		7,000		27,450
Huang Hsiang Construction Corp.		8,000		11,224
Hung Ching Development & Construction Co. Ltd.		20,000		24,810
Hung Sheng Construction Ltd.		50,688		34,369
IBF Financial Holdings Co. Ltd. *		125,715		54,601
IEI Integration Corp.		8,000		20,548
Innolux Corp.		565,506		268,586
International CSRC Investment Holdings Co.		58,604		31,679
Inventec Corp.		132,282		241,802
ITEQ Corp.		15,000		41,902
Kenda Rubber Industrial Co. Ltd.		34,650		34,809
Kerry TJ Logistics Co. Ltd.		9,000		10,911
Kindom Development Co. Ltd.		46,200		59,259
King Yuan Electronics Co. Ltd.		86,100		285,175
King's Town Bank Co. Ltd.		90,000		145,109
Kinpo Electronics		138,000		65,543
Kinsus Interconnect Technology Corp.		28,000		86,528
KS Terminals, Inc.		14,000		30,578
Kung Long Batteries Industrial Co. Ltd.		3,000		13,124
Kuo Toong International Co. Ltd.		16,000		38,996
Kuo Yang Construction Co. Ltd. *		14,000		12,096
Kwong Lung Enterprise Co. Ltd.		12,000		22,835
L&K Engineering Co. Ltd.		16,397		115,791
Largan Precision Co. Ltd.		7,000		531,504
Lealea Enterprise Co. Ltd. *		83,200		23,787
Lelon Electronics Corp.		10,000		22,248
Lien Hwa Industrial Holdings Corp.		49,971		106,177
Lingsen Precision Industries Ltd.		41,000		30,875
Lite-On Technology Corp.		79,874		264,554
Longchen Paper & Packaging Co. Ltd.		92,459		42,035
Lumax International Corp. Ltd.		4,000		12,624

	SHARES		VALUE†
Lung Yen Life Service Corp. *		16,000	$	20,198
Macronix International Co. Ltd.		131,171		109,229
Marketech International Corp.		5,000		25,466
MediaTek, Inc.		2,000		72,492
Mega Financial Holding Co. Ltd.		479,891		603,547
Mercuries & Associates Holding Ltd. *		50,184		19,758
Mercuries Life Insurance Co. Ltd. *		72,469		10,937
Merida Industry Co. Ltd.		15,000		99,598
Merry Electronics Co. Ltd.		9,000		33,324
Micro-Star International Co. Ltd.		31,000		161,764
Mirle Automation Corp.		6,000		8,812
Mitac Holdings Corp.		27,637		45,078
MOSA Industrial Corp.		8,656		6,315
Motech Industries, Inc.		17,000		15,006
MPI Corp.		6,000		57,087
Namchow Holdings Co. Ltd.		7,000		12,730
Nan Pao Resins Chemical Co. Ltd.		2,000		19,592
Nan Ya Plastics Corp.		290,000		499,289
Nan Ya Printed Circuit Board Corp.		11,000		68,055
Nanya Technology Corp.		117,000		247,135
Nichidenbo Corp.		6,000		11,099
Nuvoton Technology Corp.		9,000		34,871
O-Bank Co. Ltd.		91,943		28,528
Ocean Plastics Co. Ltd. *		9,000		9,786
Orient Semiconductor Electronics Ltd.		42,485		86,819
Oriental Union Chemical Corp.		16,000		8,999
Pan German Universal Motors Ltd.		2,000		19,810
Pan Jit International, Inc.		24,600		44,121
Pan-International Industrial Corp.		34,380		41,090
PChome Online, Inc. *		408		433
Pegatron Corp.		187,249		583,334
Phison Electronics Corp.		6,000		129,361
Pixart Imaging, Inc.		8,000		38,496
Pou Chen Corp.		169,133		191,575
Powerchip Semiconductor Manufacturing Corp. *		209,000		169,141
Powertech Technology, Inc.		49,000		307,748
President Securities Corp.		86,636		65,511
Primax Electronics Ltd.		25,000		67,024
Prince Housing & Development Corp.		77,970		25,703
Qisda Corp.		139,400		195,356
Quanta Storage, Inc.		13,000		39,768
Radiant Opto-Electronics Corp.		27,000		145,531
Radium Life Tech Co. Ltd. *		107,962		33,701
Rechi Precision Co. Ltd.		16,000		12,474
Rexon Industrial Corp. Ltd. *		13,000		20,188
Rich Development Co. Ltd. *		19,978		6,586
Ruentex Development Co. Ltd.		67,600		74,035
Ruentex Industries Ltd.		37,891		70,564
Sampo Corp.		31,600		29,227
San Fang Chemical Industry Co. Ltd.		13,000		11,963
Sanyang Motor Co. Ltd.		41,573		99,504
SDI Corp.		4,000		11,999
Sesoda Corp.		17,193		16,627
Shanghai Commercial & Savings Bank Ltd. (The)		233,618		352,214
ShenMao Technology, Inc.		10,000		19,904
Shih Wei Navigation Co. Ltd.		17,554		10,092
Shihlin Electric & Engineering Corp.		19,000		166,232
Shin Kong Financial Holding Co. Ltd. *		715,108		180,098
Shin Zu Shing Co. Ltd.		16,660		93,702
Shinkong Insurance Co. Ltd.		22,000		58,019
Shinkong Synthetic Fibers Corp.		108,151		53,056
Sigurd Microelectronics Corp.		42,694		96,051
Simplo Technology Co. Ltd.		9,000		126,970

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Taiwan (Continued)
Sincere Navigation Corp.		27,810	$	21,116
Sinon Corp.		37,000		45,204
SinoPac Financial Holdings Co. Ltd.		757,281		508,743
Soft-World International Corp.		4,000		17,811
Solar Applied Materials Technology Corp.		5,000		7,741
St. Shine Optical Co. Ltd.		5,000		29,606
Sunrex Technology Corp.		6,000		11,942
Supreme Electronics Co. Ltd.		40,000		92,490
Swancor Holding Co. Ltd.		5,000		19,607
Syncmold Enterprise Corp.		5,000		13,936
Synmosa Biopharma Corp.		14,000		17,301
Synnex Technology International Corp.		87,300		213,862
Systex Corp.		9,000		33,324
T3EX Global Holdings Corp.		4,000		12,074
TA Chen Stainless Pipe		105,444		122,236
TA-I Technology Co. Ltd.		6,000		8,887
TAI-TECH Advanced Electronics Co. Ltd.		3,000		11,343
Taichung Commercial Bank Co. Ltd.		248,058		132,154
TaiDoc Technology Corp.		7,000		34,121
Taiflex Scientific Co. Ltd.		25,740		37,480
Tainan Spinning Co. Ltd.		115,427		55,363
Taishin Financial Holding Co. Ltd.		752,263		421,926
Taiwan Business Bank		433,163		215,204
Taiwan Cement Corp.		380,971		377,358
Taiwan Cooperative Financial Holding Co. Ltd.		220,191		178,886
Taiwan Fertilizer Co. Ltd.		48,000		94,940
Taiwan FU Hsing Industrial Co. Ltd.		21,000		35,499
Taiwan Glass Industry Corp. *		81,321		43,578
Taiwan Hon Chuan Enterprise Co. Ltd.		30,925		141,080
Taiwan Navigation Co. Ltd.		22,000		23,716
Taiwan Paiho Ltd.		12,000		21,523
Taiwan PCB Techvest Co. Ltd.		28,000		38,277
Taiwan Sakura Corp.		6,000		15,767
Taiwan Semiconductor Co. Ltd.		5,000		11,749
Taiwan Shin Kong Security Co. Ltd.		10,100		12,955
Taiwan Styrene Monomer		23,000		9,666
Taiwan Surface Mounting Technology Corp.		21,518		70,934
Taiwan Union Technology Corp.		19,000		108,644
Tatung Co. Ltd. *		115,000		207,337
TCI Co. Ltd.		5,000		24,294
Teco Electric & Machinery Co. Ltd.		101,000		180,202
Test Research, Inc.		11,000		29,456
Thinking Electronic Industrial Co. Ltd.		4,000		20,748
Thye Ming Industrial Co. Ltd.		8,000		18,648
Ton Yi Industrial Corp.		82,000		36,640
Tong Hsing Electronic Industries Ltd.		12,870		59,115
Tong Yang Industry Co. Ltd.		41,921		163,736
Topco Scientific Co. Ltd.		8,115		55,404
Topkey Corp.		3,000		18,186
TPK Holding Co. Ltd.		34,000		39,202
Transcend Information, Inc.		10,000		27,778
Tripod Technology Corp.		25,000		159,748
TSRC Corp.		26,000		18,929
Tung Ho Steel Enterprise Corp.		58,290		124,946
TXC Corp.		16,000		57,244
TYC Brother Industrial Co. Ltd.		21,000		35,434
U-Ming Marine Transport Corp.		27,000		45,389

	SHARES		VALUE†
Unimicron Technology Corp.		29,000	$	172,169
Union Bank of Taiwan		167,374		78,709
Unitech Printed Circuit Board Corp.		71,667		59,679
United Microelectronics Corp.		499,513		811,620
United Microelectronics Corp., ADR @		56,252		455,079
United Renewable Energy Co. Ltd.		24,000		8,549
Universal Cement Corp.		48,241		47,482
UPC Technology Corp.		80,916		33,501
USI Corp.		77,130		38,440
Vanguard International Semiconductor Corp.		34,000		90,090
Wafer Works Corp.		25,000		30,309
Wah Lee Industrial Corp.		21,420		75,296
Walsin Lihwa Corp.		176,211		205,924
Walsin Technology Corp.		28,000		97,552
Walton Advanced Engineering, Inc.		34,000		18,964
Wan Hai Lines Ltd.		58,000		79,741
Wei Chuan Foods Corp.		14,000		8,224
Weikeng Industrial Co. Ltd.		32,945		32,736
Win Semiconductors Corp.		16,000		72,742
Winbond Electronics Corp.		345,235		291,260
Wisdom Marine Lines Co. Ltd.		27,019		49,726
Wistron Corp.		166,431		626,648
Wistron NeWeb Corp.		6,429		31,037
WPG Holdings Ltd.		154,400		463,149
WT Microelectronics Co. Ltd.		34,360		161,045
Xxentria Technology Materials Corp.		5,000		11,499
Yageo Corp.		25,067		465,255
Yang Ming Marine Transport Corp.		143,000		197,050
YC INOX Co. Ltd.		27,763		21,774
Yem Chio Co. Ltd.		22,666		13,279
Yeong Guan Energy Technology Group Co. Ltd. *		7,000		11,461
YFY, Inc.		110,385		102,785
Yieh Phui Enterprise Co. Ltd.		55,151		26,280
Youngtek Electronics Corp.		12,000		27,072
Yuanta Financial Holding Co. Ltd.		724,621		681,522
Yuen Foong Yu Consumer Products Co. Ltd.		15,000		23,177
Yulon Motor Co. Ltd.		54,247		115,601
YungShin Global Holding Corp.		7,000		10,521
Zeng Hsing Industrial Co. Ltd.		2,148		6,645
Zenitron Corp.		18,000		19,798
Zero One Technology Co. Ltd.		9,000		20,501
Zhen Ding Technology Holding Ltd.		62,000		242,161
Zinwell Corp. *		24,000		15,823
Zyxel Group Corp.		31,438		47,152
				39,042,456
Thailand — 1.8%
AP Thailand PCL		242,500		72,443
Bangchak Corp. PCL		112,900		137,692
Bangkok Bank PCL		48,500		184,762
Bangkok Bank PCL, NVDR		13,300		50,667
Bangkok Insurance PCL		2,100		17,209
Banpu PCL		429,750		64,779
Berli Jucker PCL		64,800		43,333
Cal-Comp Electronics Thailand PCL		310,479		21,103
Charoen Pokphand Foods PCL		322,300		160,764
GFPT PCL		33,300		11,134
Indorama Ventures PCL		93,600		61,310

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Thailand (Continued)
IRPC PCL		633,100	$	32,967
Kasikornbank PCL, NVDR		27,100		92,097
Kiatnakin Phatra Bank PCL		21,900		31,211
Krung Thai Bank PCL		204,575		94,193
Lanna Resources PCL		2,500		959
Precious Shipping PCL		41,900		8,785
Property Perfect PCL		1,000,115		7,127
Pruksa Holding PCL		88,800		28,231
PTT Exploration & Production PCL		101,100		415,622
PTT Global Chemical PCL		116,228		121,842
PTT PCL		883,900		811,529
Quality Houses PCL		338,800		20,428
Regional Container Lines PCL		17,100		8,576
Sansiri PCL		1,106,700		51,563
SC Asset Corp. PCL		188,600		19,228
SCB X PCL		48,100		150,282
Siam Cement PCL (The)		31,500		221,007
Siam City Cement PCL		4,100		15,731
Sino-Thai Engineering & Construction PCL		70,300		18,785
Somboon Advance Technology PCL		20,300		9,235
SPCG PCL		37,500		11,716
Star Petroleum Refining PCL *		80,000		19,294
Supalai PCL		139,400		80,612
Super Energy Corp. PCL *		759,200		6,242
Thai Oil PCL		78,877		127,003
Thai Stanley Electric PCL, NVDR		3,100		17,332
Thai Union Group PCL		210,500		83,075
Thanachart Capital PCL		17,800		25,124
Thitikorn PCL		10,500		1,453
Thoresen Thai Agencies PCL		37,800		6,786
TMBThanachart Bank PCL		1,537,072		76,669
TPI Polene PCL		676,600		25,219
TPI Polene Power PCL		179,000		16,189
WHA Corp. PCL		253,200		33,309
				3,514,617
Turkey — 1.2%
Akbank TAS		317,936		460,031
Alarko Holding AS		6,957		28,404
Albaraka Turk Katilim Bankasi AS *		137,184		18,500
Anadolu Efes Biracilik Ve Malt Sanayii AS		14,359		67,153
Bera Holding AS		42,557		27,221
Dogan Sirketler Grubu Holding AS		84,330		34,926
Enka Insaat ve Sanayi AS		66,291		70,616
Eregli Demir ve Celik Fabrikalari TAS *		61,749		80,446
Gozde Girisim Sermayesi Yatirim Ortakligi AS *		21,608		15,372
KOC Holding AS *		57,667		362,799
Kordsa Teknik Tekstil AS *		3,698		9,843
Sekerbank Turk AS		136,606		17,535
TAV Havalimanlari Holding AS *		12,121		66,734
Tekfen Holding AS		16,364		20,863
Turk Hava Yollari AO *		44,707		411,732
Turkiye Garanti Bankasi AS		39,578		87,528
Turkiye Is Bankasi, Class C		548,127		190,392
Turkiye Sinai Kalkinma Bankasi AS *		82,882		21,714
Turkiye Sise ve Cam Fabrikalari AS		63,955		89,967
Turkiye Vakiflar Bankasi TAO, Class D *		49,462		22,612
Vestel Elektronik Sanayi ve Ticaret AS *		6,125		16,103
Yapi ve Kredi Bankasi AS *		184,720		157,121
Zorlu Enerji Elektrik Uretim AS *		148,541		26,097
				2,303,709

	SHARES		VALUE†
United Arab Emirates — 1.5%
Abu Dhabi Commercial Bank PJSC		238,788	$	546,210
Abu Dhabi National Hotels		190,238		33,466
AL Seer Marine Supplies & Equipment Co. LLC *		2,922		4,368
Aldar Properties PJSC		170,966		256,990
Amanat Holdings PJSC		112,633		33,125
Dana Gas PJSC		466,156		82,257
Deyaar Development PJSC *		130,763		28,807
Dubai Investments PJSC		191,176		119,217
Emaar Development PJSC		37,579		83,913
Emaar Properties PJSC		449,710		998,063
Emirates NBD Bank PJSC		135,476		638,229
EMSTEEL Building Materials PJSC *		143,669		58,293
Multiply Group PJSC *		159,273		97,153
RAK Properties PJSC		118,699		42,343
Ras Al Khaimah Ceramics		54,445		40,475
				3,062,909
United States — 0.0%
GCC SAB de CV		6,055		72,080
TOTAL COMMON STOCKS (Identified Cost $173,142,566)				195,817,594
PREFERRED STOCKS — 2.0%
Brazil — 1.9%
Banco ABC Brasil SA *		407		1,986
Banco ABC Brasil SA, 6.424%		11,680		56,427
Banco Bradesco SA, 7.809%		100,741		286,431
Banco do Estado do Rio Grande do Sul SA, Class B, 5.039%		14,808		39,416
Eucatex SA Industria e Comercio, 5.371%		3,800		13,070
Marcopolo SA, 6.211%		12,819		19,272
Petroleo Brasileiro SA, 8.536%		448,645		3,341,982
Randon SA Implementos e Participacoes, 4.520%		9,200		23,608
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, 3.284%		26,592		53,074
				3,835,266
Colombia — 0.1%
Grupo Argos SA, 5.098%		12,517		36,529
Grupo de Inversiones Suramericana SA, 6.904%		4,895		23,479
				60,008
Philippines — 0.0%
Cebu Air, Inc., 6.000% *		12,909		7,853
India — 0.0%
Sundaram Clayton Ltd. *§		250		1,148
				1,148
TOTAL PREFERRED STOCKS (Identified Cost $2,409,237)				3,904,275
RIGHTS AND WARRANTS — 0.0%
Brazil — 0.0%
Grupo Casas Bahia SA 9/19/24 *		37,720		150
TOTAL RIGHTS AND WARRANTS (Identified Cost $0)				150
SHORT-TERM INVESTMENTS — 0.6%
Investment Company — 0.0%
State Street Institutional U.S. Government Money Market Fund 5.010%		58,086		58,086

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

SA Emerging Markets Value Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
SHORT-TERM INVESTMENTS (Continued)
Collateral For Securities On Loan — 0.6%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%	$	1,108,089	$	1,108,089
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $1,166,175)				1,166,175
Total Investments — 101.0% (Identified Cost $176,717,978)				200,888,194
Liabilities in excess of Cash and Other Assets — (1.0%)				(1,981,263	)
Net Assets — 100.0%			$	198,906,931

†	See Note 1
*	Non-income producing security
±	144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at March 31, 2024 amounted to $4,137,340 or 2.08% of the net assets of the Fund.
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $2,581,736.
<>	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 March 31, 2024
(As a percentage of net assets) (Unaudited)

Industry	Percentage
Commercial Banks		21.8	%
Metals & Mining		6.7	%
Electronic Equipment, Instruments & Components		5.6	%
Computers & Peripherals		4.0	%
Automobiles		3.6	%
Insurance		3.5	%
Chemicals		3.4	%
Broadline Retail		2.9	%
Industrial Conglomerates		2.5	%
Financial Services		2.1	%

Country weightings as of March 31, 2024
(As a percentage of long-term investments) (Unaudited)

Country	Percentage
China		25.1	%
India		20.5	%
Taiwan		19.5	%
Korea		12.9	%
Brazil		5.3	%
Mexico		3.2	%
South Africa		2.5	%
Thailand		1.8	%
Indonesia		1.6	%
Other		7.6	%
		100.0	%

SA Real Estate Securities Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
COMMON STOCKS — 99.4%
Diversified REITs — 2.0%
American Assets Trust, Inc.		6,032	$	132,161
Broadstone Net Lease, Inc.		17,587		275,588
CTO Realty Growth, Inc.		2,292		38,850
Empire State Realty Trust, Inc., Class A		11,500		116,495
Essential Properties Realty Trust, Inc.		16,085		428,826
Gladstone Commercial Corp.		3,518		48,689
Global Net Lease, Inc.		20,205		156,993
One Liberty Properties, Inc.		1,734		39,171
WP Carey, Inc.		22,561		1,273,343
				2,510,116
Health Care REITs — 9.1%
CareTrust REIT, Inc.		12,625		307,671
Community Healthcare Trust, Inc.		2,728		72,428
Diversified Healthcare Trust		9,600		23,616
Global Medical REIT, Inc.		5,127		44,861
Healthcare Realty Trust, Inc.		40,417		571,901
Healthpeak Properties, Inc.		73,979		1,387,106
LTC Properties, Inc.		3,972		129,130
Medical Properties Trust, Inc. @		62,813		295,221
National Health Investors, Inc.		4,520		283,992
Omega Healthcare Investors, Inc.		24,829		786,335
Sabra Health Care REIT, Inc.		23,956		353,830
Universal Health Realty Income Trust		1,361		49,962
Ventas, Inc.		41,144		1,791,410
Welltower, Inc.		58,080		5,426,995
				11,524,458
Hotel & Resort REITs — 3.3%
Apple Hospitality REIT, Inc.		22,630		370,679
Braemar Hotels & Resorts, Inc.		5,308		10,616
Chatham Lodging Trust		5,496		55,565
DiamondRock Hospitality Co.		21,586		207,442
Host Hotels & Resorts, Inc.		71,566		1,479,985
Park Hotels & Resorts, Inc.		21,582		377,469
Pebblebrook Hotel Trust		13,051		201,116
RLJ Lodging Trust		16,642		196,708
Ryman Hospitality Properties, Inc.		5,776		667,763
Service Properties Trust		17,100		115,938
Summit Hotel Properties, Inc.		10,209		66,461
Sunstone Hotel Investors, Inc.		19,867		221,318
Xenia Hotels & Resorts, Inc.		11,864		178,079
				4,149,139
Industrial REITs — 13.9%
Americold Realty Trust, Inc.		28,465		709,348
EastGroup Properties, Inc.		4,776		858,581
First Industrial Realty Trust, Inc.		13,467		707,556
Innovative Industrial Properties, Inc.		2,731		282,768
LXP Industrial Trust		29,881		269,527
Plymouth Industrial REIT, Inc.		4,195		94,387
Prologis, Inc.		93,834		12,219,063
Rexford Industrial Realty, Inc.		21,977		1,105,443
STAG Industrial, Inc.		18,604		715,138
Terreno Realty Corp.		9,469		628,742
				17,590,553
Office REITs — 5.1%
Alexandria Real Estate Equities, Inc.		16,903		2,178,966
Boston Properties, Inc.		15,522		1,013,742
Brandywine Realty Trust		17,917		86,001
City Office REIT, Inc.		5,176		26,967
COPT Defense Properties		11,717		283,200
Cousins Properties, Inc.		15,801		379,856
Douglas Emmett, Inc.		17,191		238,439
Easterly Government Properties, Inc.		9,677		111,382

	SHARES		VALUE†
Equity Commonwealth *		10,996	$	207,604
Highwoods Properties, Inc.		10,951		286,697
Hudson Pacific Properties, Inc.		12,646		81,567
JBG SMITH Properties		9,420		151,191
Kilroy Realty Corp.		11,414		415,812
NET Lease Office Properties		1,572		37,414
Office Properties Income Trust @		3,570		7,283
Orion Office REIT, Inc.		6,753		23,703
Paramount Group, Inc.		17,848		83,707
Piedmont Office Realty Trust, Inc., Class A		10,998		77,316
SL Green Realty Corp.		6,602		363,968
Vornado Realty Trust		16,470		473,842
				6,528,657
Residential REITs — 14.4%
American Homes 4 Rent, Class A		33,533		1,233,344
Apartment Income REIT Corp.		15,754		511,532
Apartment Investment & Management Co., Class A *		13,592		111,318
AvalonBay Communities, Inc.		14,441		2,679,672
Bluerock Homes Trust, Inc.		412		6,992
BRT Apartments Corp.		400		6,720
Camden Property Trust		10,884		1,070,986
Centerspace		1,825		104,281
Clipper Realty, Inc.		1,167		5,637
Elme Communities		10,445		145,394
Equity LifeStyle Properties, Inc.		18,025		1,160,810
Equity Residential		36,829		2,324,278
Essex Property Trust, Inc.		6,528		1,598,120
Independence Realty Trust, Inc.		23,042		371,667
Invitation Homes, Inc.		62,551		2,227,441
Mid-America Apartment Communities, Inc.		11,869		1,561,723
NexPoint Residential Trust, Inc.		2,449		78,833
Sun Communities, Inc.		12,654		1,627,051
UDR, Inc.		31,819		1,190,349
UMH Properties, Inc.		5,369		87,193
Veris Residential, Inc.		8,319		126,532
				18,229,873
Retail REITs — 14.4%
Acadia Realty Trust		9,876		167,991
Agree Realty Corp.		9,877		564,174
Alexander's, Inc.		303		65,793
Brixmor Property Group, Inc.		30,987		726,645
Federal Realty Investment Trust		7,623		778,461
Getty Realty Corp.		4,639		126,877
InvenTrust Properties Corp.		6,885		177,013
Kimco Realty Corp.		68,686		1,346,932
Kite Realty Group Trust		22,840		495,171
Macerich Co. (The)		22,113		381,007
NETSTREIT Corp. @		6,691		122,914
NNN REIT, Inc.		18,574		793,853
Phillips Edison & Co., Inc.		12,315		441,739
Realty Income Corp.		85,517		4,626,470
Regency Centers Corp.		17,903		1,084,206
Retail Opportunity Investments Corp.		13,055		167,365
Saul Centers, Inc.		1,365		52,539
Simon Property Group, Inc.		33,130		5,184,514
SITE Centers Corp.		19,341		283,345
Tanger, Inc.		10,913		322,261
Urban Edge Properties		12,189		210,504
Whitestone REIT		4,996		62,700
				18,182,474
Specialized REITs — 37.2%
American Tower Corp.		47,488		9,383,154
Crown Castle, Inc.		44,521		4,711,657

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

SA Real Estate Securities Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited) (Continued)

	SHARES		VALUE†
COMMON STOCKS (Continued)
Specialized REITs (Continued)
CubeSmart		23,005	$	1,040,286
Digital Realty Trust, Inc.		31,814		4,582,489
EPR Properties		7,762		329,497
Equinix, Inc.		9,669		7,980,116
Esc War Ind *§		9,141		—
Extra Space Storage, Inc.		21,511		3,162,117
Four Corners Property Trust, Inc.		9,280		227,082
Gaming and Leisure Properties, Inc.		27,527		1,268,169
Global Self Storage, Inc.		997		4,437
Iron Mountain, Inc.		30,174		2,420,256
Lamar Advertising Co., Class A		9,074		1,083,526
National Storage Affiliates Trust		8,178		320,250
Outfront Media, Inc.		15,691		263,452
Public Storage		16,087		4,666,195
SBA Communications Corp.		11,120		2,409,704
Uniti Group, Inc.		20,375		120,212
VICI Properties, Inc.		105,639		3,146,986
				47,119,585
TOTAL COMMON STOCKS (Identified Cost $71,908,003)				125,834,855
SHORT-TERM INVESTMENTS — 0.6%
Investment Company — 0.4%
State Street Institutional U.S. Government Money Market Fund 5.01%		502,523		502,523
Collateral For Securities On Loan — 0.2%
State Street Navigator Securities Lending Government Money Market Portfolio 5.340%		232,197		232,197
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $734,720)				734,720
Total Investments — 100.0% (Identified Cost $72,642,723)				126,569,575
Liabilities in excess of Cash and Other Assets — 0.0%				(13,885	)
Net Assets — 100.0%			$	126,555,690

†	See Note 1
@	A portion or all of the security was held on loan. As of March 31, 2024, the fair value of the securities on loan was $418,757.
*	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 March 31, 2024

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

Sector	Percentage
Retail REITs		14.5	%
Industrial REITs		14.0	%
Telecom Tower REITs		13.1	%
Data Center REITs		10.0	%
Multi-Family Residential REITs		9.4	%
Health Care REITs		9.2	%
Self Storage REITs		7.3	%
Other Specialized REITs		7.0	%
Office REITs		5.2	%
Other		10.3	%
		100.0	%

SA Worldwide Moderate Growth Fund

PORTFOLIO OF INVESTMENTS — AS OF March 31, 2024 (Unaudited)

	SHARES		VALUE†
MUTUAL FUNDS — 99.9%
Others — 99.9%
SA Emerging Markets Value Fund €		151,363	$	1,521,196
SA Global Fixed Income Fund €		384,471		3,414,099
SA International Value Fund €		346,661		4,645,263
SA Real Estate Securities Fund €		62,548		681,770
SA U.S. Core Market Fund €		118,588		3,871,908
SA U.S. Fixed Income Fund €		300,649		2,868,196
SA U.S. Small Company Fund €		55,680		1,566,841
SA U.S. Value Fund €		178,244		3,964,139
				22,533,412
TOTAL MUTUAL FUNDS (Identified Cost $19,380,004)				22,533,412
Total Investments — 99.9% (Identified Cost $19,380,004)				22,533,412
Cash and Other Assets, Less Liabilities — 0.1%				15,201
Net Assets — 100.0%			$	22,548,613

†	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 – March 31, 2024 (Unaudited)

Security Valuation — Domestic equity securities listed on an exchange or stock market for which market quotations are readily available are valued according to the official closing price, if any, or at their last reported sale price on the exchange or stock market where the security is primarily traded, or in the absence of such reported prices, at the mean between the most recent quoted bid and asked prices. Domestic equity securities traded on the over-the-counter markets are valued at the mean between the most recent quoted bid and asked prices in the absence of an official closing price or last reported sale price.

Foreign equity securities traded on a foreign exchange or over-the-counter markets are generally valued at the most recent quoted bid price in the absence of an official closing price or last reported sale price. Foreign securities quoted in foreign currencies are translated into U.S. dollars using prevailing exchange rates.

Fixed income investments are generally valued based on prices received from independent pricing services. In determining the value of a fixed income investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures.

Shares of registered open-end investment companies are valued at the investment 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 Buckingham Strategic Partners, LLC (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

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (Unaudited) (Continued)

different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. The three-level hierarchy of inputs is summarized in the three broad levels below.

Level 1 – unadjusted quoted prices in active markets for identical investments.

Level 2 – significant observable inputs other than quoted prices within Level 1 (including quoted prices for similar investments, interest rates, yield curves, foreign exchange rates, put or call provisions, credit risk and default rates for similar securities).

Level 3 – significant unobservable inputs to the extent that observable inputs are not available (including the Pricing Committee’s own assumptions used to determine the fair value of investments).

The tables below provide a summary of the inputs as of March 31, 2024, 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 March 31, 2024
SA U.S. Fixed Income Fund
Assets
Yankee Corporate Bonds And Notes	$	—		55,994,870		$	—		$	55,994,870
Corporate Bonds and Notes		—		103,759,403			—			103,759,403
U.S. Government and Agency Obligations		—		300,533,147			—			300,533,147
Short-Term Investments		6,937,364		—			—			6,937,364
Total Investments	$	6,937,364		460,287,420		$	—		$	467,224,784
SA Global Fixed Income Fund
Assets
Bonds and Notes	$	—	$	579,885,486		$	—		$	579,885,486
Short-Term Investments		20,290,156		—			—			20,290,156
Other Financial Instruments
Forward Foreign Currency Exchange Contracts		—		2,491,060			—			2,491,060
Total Investments	$	20,290,156	$	582,376,546		$	—		$	602,666,702
Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts	$	—	$	(1,459,302	)	$	—		$	(1,459,302	)
SA U.S. Core Market Fund
Assets
Common Stocks	$	661,885,712	$	—		$	0	†	$	661,885,712
Mutual Funds		27,224,550		—			—			27,224,550
Short-Term Investments		1,145,354		—			—			1,145,354
Total Investments	$	690,255,616	$	—		$	0		$	690,255,616

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (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 March 31, 2024
SA U.S. Value Fund
Assets
Common Stocks	$	579,861,995	$	—	$	—		$	579,861,995
Short-Term Investments		1,269,039		—		—			1,269,039
Total Investments	$	581,131,034	$	—	$	—		$	581,131,034
SA U.S. Small Company Fund
Assets
Common Stocks	$	326,173,599	$	976	$	27,987	†	$	326,202,562
Preferred Stocks		28,543		—		—			28,543
Short-Term Investments		1,817,443		—		—			1,817,443
Total Investments	$	328,019,585	$	976	$	27,987		$	328,048,548
SA International Value Fund
Assets
Common Stocks	$	556,533,489	$	—	$	—		$	556,533,489
Preferred Stocks		4,834,013		—		—			4,834,013
Short-Term Investments		56,124,565		—		—			56,124,565
Total Investments	$	617,492,067	$	—	$	—		$	617,492,067
SA International Small Company Fund
Assets
Mutual Funds	$	255,983,353	$	—	$	—		$	255,983,353
Total Investments	$	255,983,353	$	—	$	—		$	255,983,353
SA Emerging Markets Value Fund
Assets
Common Stocks	$	195,802,484	$	6,314	$	8,795	†	$	195,817,594
Preferred Stocks		3,904,127		—		1,148			3,904,275
Rights and Warrants		150		—		—			150
Short-Term Investments		1,166,175		—		—			1,166,175
Total Investments	$	200,872,936	$	6,314	$	9,943		$	200,888,194
SA Real Estate Securities Fund
Assets
Common Stocks	$	125,834,855	$	—	$	0	†	$	125,834,855
Short-Term Investments		734,720		—		—			734,720
Total Investments	$	126,569,575	$	—	$	0		$	126,569,575
SA Worldwide Moderate Growth Fund
Assets
Mutual Funds	$	22,533,412	$	—	$	—		$	22,533,412
Total Investments	$	22,533,412	$	—	$	—		$	22,533,412

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (Unaudited) (Continued)

† 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 March 31, 2024, 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	$	7,122,355	$	2,149,100	$	5,118,613	$	7,267,713
SA U.S Core Market Fund		674,493		106,741		583,157		689,898
SA U.S. Value Fund		640,242		—		652,685		652,685
SA U.S. Small Company Fund		5,795,478		1,297,674		4,627,576		5,925,250
SA International Value Fund		84,177,266		55,692,597		32,123,500		87,816,097
SA Emerging Markets Value Fund		2,581,736		1,108,089		1,620,746		2,728,835
SA Real Estate Securities Fund		418,757		232,197		201,625		433,822

* The Funds cannot repledge or resell this collateral. The non-cash collateral is comprised of U.S. government securities.

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (Unaudited)

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 March 31, 2024
Securities Lending Transaction (1)	Overnight and Continuous		<30 days		Between 30 & 90 days		>90 days		Total
SA Global Fixed Income Fund
Government Money Market	$	2,149,100	$	—	$	—	$	—	$	2,149,100
Total Borrowings	$	2,149,100	$	—	$	—	$	—	$	2,149,100
Gross amount of recognized liabilities for securities lending transactions									$	2,149,100
SA U.S. Core Market Fund
Government Money Market	$	106,741	$	—	$	—	$	—	$	106,741
Total Borrowings	$	106,741	$	—	$	—	$	—	$	106,741
Gross amount of recognized liabilities for securities lending transactions									$	106,741
SA U.S. Small Company Fund
Government Money Market	$	1,297,674	$	—	$	—	$	—	$	1,297,674
Total Borrowings	$	1,297,674	$	—	$	—	$	—	$	1,297,674
Gross amount of recognized liabilities for securities lending transactions									$	1,297,674
SA International Value Fund
Government Money Market	$	55,692,597	$	—	$	—	$	—	$	55,692,597
Total Borrowings	$	55,692,597	$	—	$	—	$	—	$	55,692,597
Gross amount of recognized liabilities for securities lending transactions									$	55,692,597
SA Emerging Markets Value Fund
Government Money Market	$	1,108,089	$	—	$	—	$	—	$	1,108,089
Total Borrowings	$	1,108,089	$	—	$	—	$	—	$	1,108,089
Gross amount of recognized liabilities for securities lending transactions									$	1,108,089
SA Real Estate Securities Fund
Government Money Market	$	232,197	$	—	$	—	$	—	$	232,197
Total Borrowings	$	232,197	$	—	$	—	$	—	$	232,197
Gross amount of recognized liabilities for securities lending transactions									$	232,197

⁽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.

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (Unaudited)

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.

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.

SA FUNDS

NOTES TO FINANCIAL STATEMENTS – March 31, 2024 (Unaudited)

Federal Income Tax — At March 31, 2024, 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	$	467,308,999	$	319,567	$	(403,782	)	$	(84,215	)
SA Global Fixed Income Fund		603,531,008		2,882,535		(5,206,143	)		(2,323,608	)
SA U.S. Core Market Fund		133,370,065		557,745,145		(859,594	)		556,885,551
SA U.S. Value Fund		310,397,100		281,354,445		(10,620,511	)		270,733,934
SA U.S. Small Company Fund		165,783,924		171,032,078		(8,767,454	)		162,264,624
SA International Value Fund		483,535,488		164,177,655		(30,221,076	)		133,956,579
SA International Small Company Fund		131,817,748		124,165,605		—			124,165,605
SA Emerging Markets Value Fund		176,717,978		55,351,950		(31,181,734	)		24,170,216
SA Real Estate Securities Fund		72,642,723		57,993,113		(4,066,261	)		53,926,852
SA Worldwide Moderate Growth		19,380,004		3,153,408		—			3,153,408

International Small Company Portfolio

SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

	Value†
AFFILIATED INVESTMENT COMPANIES — (99.1%)
Investment in The Continental Small Company Series of The DFA Investment Trust Company	$	4,823,526,483
Investment in The Japanese Small Company Series of The DFA Investment Trust Company		2,924,088,835
Investment in The United Kingdom Small Company Series of The DFA Investment Trust Company		1,569,719,363
Investment in The Canadian Small Company Series of The DFA Investment Trust Company		1,322,586,392
Investment in The Asia Pacific Small Company Series of The DFA Investment Trust Company		1,270,674,193
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES	$	11,910,595,266

	Shares
TEMPORARY CASH INVESTMENTS — (0.9%)
State Street Institutional U.S. Government Money Market Fund, 5.258% (Cost $110,089,918)		110,089,918		110,089,918
TOTAL INVESTMENTS — (100.0%) (Cost $10,185,065,945)^^			$	12,020,685,184

†	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 March 31, 2024, 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		412	06/21/24	$	107,135,719	$	109,355,100	$	2,219,381
Total Futures Contracts				$	107,135,719	$	109,355,100	$	2,219,381

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	$	11,910,595,266		—		—	$	11,910,595,266
Temporary Cash Investments		110,089,918		—		—		110,089,918
Futures Contracts**		2,219,381		—		—		2,219,381
TOTAL	$	12,022,904,565		—		—	$	12,022,904,565

** 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 March 31, 2024, 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 March 31, 2024, the total cost of securities for federal income tax purposes was $7,950,190.

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.

In October 2022, the SEC adopted rule and form amendments requiring open-end management investment companies, including mutual funds and exchange-traded funds, to transmit concise and visually engaging semi-annual and annual reports that highlight key information, including fund expenses, performance, and holdings to shareholders. Other information, including financial statements, will no longer appear in the Portfolios’ shareholder reports but will be available online, delivered free of charge upon request, and filed on a semi-annual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. Accordingly, the rule and form amendments will not impact the Portfolios’ until the 2024 annual shareholder reports, and will have no effect on the Portfolios’ accounting policies or 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

March 31, 2024

(Unaudited)

		Shares		Value»
COMMON STOCKS — (96.9%)
COMMUNICATION SERVICES — (2.1%)
	Akatsuki, Inc.		44,200	$	739,415
*	AlphaPolis Co. Ltd.		9,200		124,153
#	Amuse, Inc.		37,300		377,297
	Asahi Broadcasting Group Holdings Corp.		3,600		15,475
	Asahi Net, Inc.		109,100		458,748
	Ateam, Inc.		2,100		8,839
*	Atrae, Inc.		41,000		120,091
#	Avex, Inc.		200,700		1,700,231
*	Bank of Innovation, Inc.		6,200		183,196
# *	Bengo4.com, Inc.		43,000		951,320
#	Broadmedia Corp.		7,321		60,320
#	Bushiroad, Inc.		22,000		56,078
	Carta Holdings, Inc.		15,800		163,756
*	CAVE Interactive Co. Ltd.		12,500		147,465
#	Ceres, Inc.		15,900		184,115
	COLOPL, Inc.		224,600		915,790
*	COOKPAD, Inc.		190,600		170,558
	Daiichikosho Co. Ltd.		281,900		3,569,125
# *	DeNA Co. Ltd.		394,600		3,901,610
#	Digital Holdings, Inc.		46,900		339,741
	Direct Marketing MiX, Inc.		37,400		77,887
# *	Drecom Co. Ltd.		3,500		24,037
	Fibergate, Inc.		43,400		329,514
	Freebit Co. Ltd.		65,800		666,553
*	GA Technologies Co. Ltd.		52,800		594,951
	Gakken Holdings Co. Ltd.		132,500		813,820
# *	giftee, Inc.		103,700		920,562
	Gree, Inc.		227,000		722,184
	GungHo Online Entertainment, Inc.		267,600		4,282,632
	IG Port, Inc.		8,200		362,512
	Imagica Group, Inc.		86,800		388,018
	i-mobile Co. Ltd.		98,800		262,755
	Infocom Corp.		143,100		2,528,076
	Intage Holdings, Inc.		55,400		579,072
#	IPS, Inc.		23,400		390,348
#	ITmedia, Inc.		56,800		670,949
# *	Japan Communications, Inc.		832,400		1,129,852
	Kakaku.com, Inc.		200,300		2,429,914
#	Kamakura Shinsho Ltd.		75,700		358,937
# *	KLab, Inc.		174,300		416,942
	LIFULL Co. Ltd.		392,800		437,541
	Macromill, Inc.		238,997		1,223,412
	MarkLines Co. Ltd.		72,900		1,633,952
	Marvelous, Inc.		161,100		738,586
#	Members Co. Ltd.		48,200		287,459
	MIXI, Inc.		233,000		4,032,260
	Okinawa Cellular Telephone Co.		157,500		3,713,384
	Oricon, Inc.		23,100		130,526
#	Port, Inc.		27,900		400,538
*	PR Times Corp.		15,200		206,123
	Proto Corp.		156,700		1,456,596
# *	Sharingtechnology, Inc.		47,800		159,707
	SKY Perfect JSAT Holdings, Inc.		897,900		6,121,130

The Japanese Small Company Series

CONTINUED

		Shares		Value»
COMMUNICATION SERVICES — (Continued)
#	Synchro Food Co. Ltd.		20,000	$	80,273
#	Toei Co. Ltd.		27,000		685,088
#	Tohokushinsha Film Corp.		94,800		871,063
	Tow Co. Ltd.		59,400		150,537
	TV Asahi Holdings Corp.		100,500		1,387,303
	Tv Tokyo Holdings Corp.		59,200		1,159,804
	U-Next Holdings Co. Ltd.		100,100		3,429,889
	ValueCommerce Co. Ltd.		97,800		690,959
# *	V-Cube, Inc.		76,200		131,555
#	Vector, Inc.		174,200		1,351,207
*	Vision, Inc.		211,100		1,709,317
	Wowow, Inc.		28,700		214,143
	Zenrin Co. Ltd.		196,650		1,106,756
	ZIGExN Co. Ltd.		276,100		1,099,622
TOTAL COMMUNICATION SERVICES					66,745,568
CONSUMER DISCRETIONARY — (14.8%)
	&Do Holdings Co. Ltd.		59,500		493,527
	AB&Company Co. Ltd.		2,500		15,621
	Adastria Co. Ltd.		140,240		3,562,785
#	Adventure, Inc.		13,900		336,444
#	Aeon Fantasy Co. Ltd.		44,432		698,405
	Aeon Kyushu Co. Ltd.		2,500		50,675
#	Ahresty Corp.		107,300		587,321
	Ainavo Holdings Co. Ltd.		5,600		48,139
#	Airtrip Corp.		89,900		968,858
#	Aisan Industry Co. Ltd.		208,600		2,329,615
*	Akebono Brake Industry Co. Ltd.		574,900		548,372
	Alleanza Holdings Co. Ltd.		77,800		536,466
#	Alpen Co. Ltd.		94,700		1,256,526
#	Alpha Corp.		31,700		349,680
	Amiyaki Tei Co. Ltd.		26,114		898,720
	AOKI Holdings, Inc.		210,400		1,556,512
	Aoyama Trading Co. Ltd.		217,900		2,413,073
	Arata Corp.		171,200		3,640,036
	ARCLANDS Corp.		242,776		2,836,169
	Asahi Co. Ltd.		99,500		874,632
#	Ashimori Industry Co. Ltd.		26,599		471,730
	ASKUL Corp.		227,500		3,312,604
*	Asti Corp.		17,700		396,771
	Aucnet, Inc.		68,500		1,099,554
#	Autobacs Seven Co. Ltd.		419,500		4,381,906
#	Avantia Co. Ltd.		53,900		305,797
#	Baroque Japan Ltd.		12,200		61,253
	Beauty Garage, Inc.		44,600		675,221
#	Beenos, Inc.		32,700		448,720
#	Belluna Co. Ltd.		282,400		1,146,752
	Bic Camera, Inc.		452,100		3,829,877
#	Bookoff Group Holdings Ltd.		66,600		636,124
#	BuySell Technologies Co. Ltd.		6,200		122,288
#	Casio Computer Co. Ltd.		142,600		1,231,583
#	Central Automotive Products Ltd.		80,500		3,068,626
#	Central Sports Co. Ltd.		39,686		654,720
#	Chikaranomoto Holdings Co. Ltd.		69,100		729,280
	Chiyoda Co. Ltd.		108,500		636,021
	Chofu Seisakusho Co. Ltd.		107,200		1,527,994
#	Choushimaru Co. Ltd.		17,200		231,343
#	Chuo Spring Co. Ltd.		75,100		519,991
	Cleanup Corp.		117,400		608,775

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Colowide Co. Ltd.		352,100	$	5,000,573
	Corona Corp.		95,400		606,236
#	Create Restaurants Holdings, Inc.		694,000		4,734,110
#	Curves Holdings Co. Ltd.		235,700		1,242,254
	Daido Metal Co. Ltd.		224,100		994,544
#	Daikoku Denki Co. Ltd.		45,800		1,218,585
	Daikyonishikawa Corp.		227,800		1,167,170
	Daimaruenawin Co. Ltd.		3,400		31,732
	Dainichi Co. Ltd.		38,700		179,612
	DCM Holdings Co. Ltd.		650,800		6,294,652
# *	DD GROUP Co. Ltd.		54,300		449,577
*	Demae-Can Co. Ltd.		74,500		160,907
#	Doshisha Co. Ltd.		130,800		1,804,170
	Doutor Nichires Holdings Co. Ltd.		182,986		2,483,243
#	Eagle Industry Co. Ltd.		162,900		1,966,617
#	EAT & Holdings Co. Ltd.		35,300		471,203
#	EDION Corp.		489,800		4,930,213
#	ES-Con Japan Ltd.		79,700		535,245
#	Eslead Corp.		47,700		1,092,723
#	Exedy Corp.		175,800		3,524,454
	FCC Co. Ltd.		211,800		3,083,671
	Felissimo Corp.		20,600		125,207
	First Juken Co. Ltd.		17,300		134,931
	FJ Next Holdings Co. Ltd.		106,600		971,928
	Food & Life Cos. Ltd.		509,300		9,774,302
	Foster Electric Co. Ltd.		105,500		857,786
	Fuji Corp.		72,800		875,731
	Fuji Corp. Ltd.		159,600		789,405
#	Fuji Kyuko Co. Ltd.		111,399		2,880,863
	Fujibo Holdings, Inc.		61,600		1,778,153
	Fujikura Composites, Inc.		104,700		972,919
*	Fujio Food Group, Inc.		29,800		274,201
	Fujishoji Co. Ltd.		33,900		303,024
*	Fujita Kanko, Inc.		37,400		1,800,429
#	Fujitsu General Ltd.		216,500		2,680,538
	FuKoKu Co. Ltd.		66,400		813,660
#	Furukawa Battery Co. Ltd.		88,000		588,816
#	Furyu Corp.		106,600		890,155
	Futaba Industrial Co. Ltd.		299,600		2,331,195
	Gakkyusha Co. Ltd.		49,300		687,020
#	Gamecard-Joyco Holdings, Inc.		10,400		182,365
	Genki Sushi Co. Ltd.		62,100		1,304,442
	Geo Holdings Corp.		148,000		1,857,875
	Gift Holdings, Inc.		50,500		1,173,796
#	GLOBERIDE, Inc.		103,298		1,373,999
	Greens Co. Ltd.		41,000		650,856
	GSI Creos Corp.		63,184		991,689
	G-Tekt Corp.		135,700		1,899,537
	Gunze Ltd.		90,200		3,236,126
	Hagihara Industries, Inc.		76,000		821,640
	Hamee Corp.		36,200		307,338
	Handsman Co. Ltd.		43,500		284,611
#	Happinet Corp.		97,600		1,960,045
	Hard Off Corp. Co. Ltd.		58,800		654,374
#	Heiwa Corp.		327,400		4,281,688
	Hiday Hidaka Corp.		76,100		1,347,850
	HI-LEX Corp.		123,580		1,390,218
#	Himaraya Co. Ltd.		16,100		97,245
# *	HIS Co. Ltd.		52,200		656,268

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	H-One Co. Ltd.		100,900	$	464,020
	Honeys Holdings Co. Ltd.		113,140		1,295,938
	Hoosiers Holdings Co. Ltd.		207,900		1,509,570
	Hotland Co. Ltd.		58,200		764,458
	I K K Holdings, Inc.		13,700		75,149
#	IBJ, Inc.		117,900		422,461
	Ichibanya Co. Ltd.		188,090		1,489,559
	Ichikoh Industries Ltd.		194,100		699,964
	IDOM, Inc.		310,800		2,144,518
#	Imasen Electric Industrial		37,400		157,562
# *	Istyle, Inc.		336,598		1,157,114
* ††	Izuhakone Railway Co. Ltd.		300		0
	Izumi Co. Ltd.		134,900		3,094,585
*	Jade Group, Inc.		52,000		930,101
	JANOME Corp.		95,700		433,568
	Japan Wool Textile Co. Ltd.		306,800		2,947,778
	JINS Holdings, Inc.		75,900		2,149,998
# *	Joban Kosan Co. Ltd.		40,199		323,803
#	Joshin Denki Co. Ltd.		106,200		1,617,758
	Joyful Honda Co. Ltd.		166,500		2,394,892
	JP-Holdings, Inc.		305,200		1,076,957
	JVCKenwood Corp.		904,200		5,564,080
# *	Kappa Create Co. Ltd.		61,700		656,714
	Kawai Musical Instruments Manufacturing Co. Ltd.		34,500		818,555
	KeyHolder, Inc.		3,600		22,340
#	KFC Holdings Japan Ltd.		88,100		2,546,846
#	King Co. Ltd.		54,100		253,617
	Kintetsu Department Store Co. Ltd.		24,100		377,396
#	Ki-Star Real Estate Co. Ltd.		50,899		1,261,092
*	KNT-CT Holdings Co. Ltd.		18,900		169,270
	Kohnan Shoji Co. Ltd.		146,300		4,219,422
	Kojima Co. Ltd.		172,500		931,323
	Komatsu Matere Co. Ltd.		174,599		888,503
#	KOMEDA Holdings Co. Ltd.		283,300		5,046,313
#	Komehyo Holdings Co. Ltd.		40,300		1,025,763
#	Komeri Co. Ltd.		191,100		4,357,209
#	Konaka Co. Ltd.		129,706		346,692
	Koshidaka Holdings Co. Ltd.		239,400		1,479,337
#	Kotobukiya Co. Ltd.		5,400		65,811
*	Kourakuen Holdings Corp.		5,400		48,454
#	K's Holdings Corp.		621,900		5,348,057
	KU Holdings Co. Ltd.		115,500		881,538
	Kura Sushi, Inc.		20,900		646,538
	Kurabo Industries Ltd.		91,800		2,111,286
	Kushikatsu Tanaka Holdings Co.		17,400		194,127
	KYB Corp.		102,100		3,464,632
#	Kyoritsu Maintenance Co. Ltd.		360,800		8,261,099
	LEC, Inc.		142,200		1,080,982
#	LITALICO, Inc.		113,600		1,574,544
	Look Holdings, Inc.		37,100		644,694
	Mamiya-Op Co. Ltd.		1,800		19,517
#	Mars Group Holdings Corp.		63,900		1,382,320
#	Maruzen CHI Holdings Co. Ltd.		101,100		221,222
#	Matsuoka Corp.		6,800		70,467
	Matsuya Co. Ltd.		57,000		403,704
#	Matsuyafoods Holdings Co. Ltd.		13,800		513,781
	Media Do Co. Ltd.		47,900		474,075
#	Meiwa Estate Co. Ltd.		73,200		510,208
# *	Mercari, Inc.		641,700		8,202,545

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Mikuni Corp.		134,100	$	426,476
#	Mitsuba Corp.		178,488		1,932,771
	Mizuno Corp.		105,600		4,409,411
	Monogatari Corp.		184,000		5,649,891
	Morito Co. Ltd.		107,800		1,084,390
#	MrMax Holdings Ltd.		137,925		573,136
	Murakami Corp.		31,800		1,069,201
	Musashi Seimitsu Industry Co. Ltd.		278,800		3,113,856
#	Nafco Co. Ltd.		54,200		924,968
	Nagase Brothers, Inc.		8,600		110,256
#	Nagawa Co. Ltd.		31,800		1,601,334
#	Nakayamafuku Co. Ltd.		41,800		100,852
#	New Art Holdings Co. Ltd.		36,134		416,107
#	Nextage Co. Ltd.		222,300		4,209,637
	NHK Spring Co. Ltd.		974,587		9,683,187
	Nichirin Co. Ltd.		61,160		1,499,596
#	Nihon House Holdings Co. Ltd.		222,000		510,949
	Nihon Plast Co. Ltd.		48,300		176,277
	Nihon Tokushu Toryo Co. Ltd.		75,300		723,188
	Nihon Trim Co. Ltd.		5,000		124,074
	Nippon Felt Co. Ltd.		84,000		240,327
	Nippon Seiki Co. Ltd.		274,900		2,782,404
	Nishikawa Rubber Co. Ltd.		38,500		539,106
	Nishimatsuya Chain Co. Ltd.		228,700		3,636,058
#	Nissan Shatai Co. Ltd.		359,300		2,470,840
#	Nissan Tokyo Sales Holdings Co. Ltd.		166,400		652,786
	NITTAN Corp.		22,400		55,429
	Nojima Corp.		379,300		4,230,849
	NOK Corp.		170,680		2,345,573
	NPR-RIKEN Corp.		125,398		2,560,888
#	Ohashi Technica, Inc.		67,600		732,447
#	Ohsho Food Service Corp.		67,800		3,459,915
	Onward Holdings Co. Ltd.		561,800		1,993,687
#	Ootoya Holdings Co. Ltd.		7,200		248,476
	Ozu Corp.		22,200		258,240
	Pacific Industrial Co. Ltd.		252,000		2,797,871
	PAL GROUP Holdings Co. Ltd.		248,700		4,230,260
	PALTAC Corp.		69,800		1,855,842
#	Paris Miki Holdings, Inc.		8,700		23,851
*	PIA Corp.		1,700		35,894
	Piolax, Inc.		163,900		2,873,535
	Press Kogyo Co. Ltd.		533,100		2,482,469
#	Pressance Corp.		111,400		1,303,742
	QB Net Holdings Co. Ltd.		12,680		102,658
#	Raccoon Holdings, Inc.		102,800		416,798
#	Renaissance, Inc.		3,500		23,433
#	Resorttrust, Inc.		477,064		8,162,529
#	Rhythm Co. Ltd.		34,000		871,562
	Riberesute Corp.		29,600		156,318
#	Ride On Express Holdings Co. Ltd.		36,600		252,829
# *	Right On Co. Ltd.		84,225		231,676
#	Ringer Hut Co. Ltd.		28,700		437,483
#	Riso Kyoiku Co. Ltd.		635,500		925,010
	Rock Field Co. Ltd.		94,800		1,071,177
	Roland Corp.		53,600		1,635,463
	Round One Corp.		1,154,900		5,979,385
	Royal Holdings Co. Ltd.		94,100		1,538,293
	Sac's Bar Holdings, Inc.		104,150		599,585
	Saizeriya Co. Ltd.		124,500		4,253,153

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	San Holdings, Inc.		119,800	$	835,200
	Sangetsu Corp.		272,850		5,963,830
	Sankyo Seiko Co. Ltd.		232,800		1,154,705
	Sanoh Industrial Co. Ltd.		149,500		1,127,889
	Sanyo Shokai Ltd.		49,499		896,189
	Scroll Corp.		181,700		1,141,780
	Seiko Group Corp.		157,081		4,232,909
#	Seiren Co. Ltd.		255,600		4,650,248
# *	Senshukai Co. Ltd.		174,600		346,162
	Seria Co. Ltd.		248,224		4,906,993
	SFP Holdings Co. Ltd.		20,400		258,923
	Shikibo Ltd.		62,826		474,280
# *	Shin-Nihon Tatemono Co. Ltd.		44,800		188,812
	Shoei Co. Ltd.		297,700		4,499,949
*	Snow Peak, Inc.		115,900		956,018
	SNT Corp.		108,200		201,899
	Soft99 Corp.		84,400		833,008
	Sotoh Co. Ltd.		49,100		230,157
	SPK Corp.		48,600		660,433
#	Sprix, Inc.		34,300		183,956
#	SRS Holdings Co. Ltd.		48,900		371,307
	St. Marc Holdings Co. Ltd.		38,900		546,564
	Step Co. Ltd.		60,800		794,701
#	Suminoe Textile Co. Ltd.		8,200		140,797
	Sumitomo Riko Co. Ltd.		195,698		1,731,204
#	Suncall Corp.		115,600		369,570
#	Syuppin Co. Ltd.		120,000		935,840
	T RAD Co. Ltd.		24,400		633,687
	Tachikawa Corp.		63,600		621,353
#	Tachi-S Co. Ltd.		168,040		2,212,288
	Taiho Kogyo Co. Ltd.		91,001		561,611
#	Take & Give Needs Co. Ltd.		34,268		250,791
#	Tama Home Co. Ltd.		86,300		2,558,711
	Tamron Co. Ltd.		108,600		4,827,320
	Tbk Co. Ltd.		133,900		335,233
	Tear Corp.		53,700		162,594
	Temairazu, Inc.		8,400		179,075
#	T-Gaia Corp.		131,100		1,763,465
	Tigers Polymer Corp.		61,000		451,887
	Toa Corp.		130,515		999,500
	Tokai Rika Co. Ltd.		313,100		5,372,695
	Token Corp.		41,850		2,915,239
	Tokyo Base Co. Ltd.		18,400		36,667
	Tokyo Individualized Educational Institute, Inc.		72,245		205,421
#	Tokyotokeiba Co. Ltd.		92,300		2,732,358
	Tomy Co. Ltd.		510,693		9,326,250
	Topre Corp.		212,700		3,615,574
#	Toridoll Holdings Corp.		166,400		4,544,054
	Torikizoku Holdings Co. Ltd.		35,900		1,122,328
#	Tosho Co. Ltd.		71,600		337,221
	Toyo Tire Corp.		58,500		1,105,448
	Toyoda Gosei Co. Ltd.		14,800		326,424
#	TPR Co. Ltd.		130,462		2,033,278
#	Treasure Factory Co. Ltd.		55,300		538,367
	TS Tech Co. Ltd.		453,286		5,763,786
	TSI Holdings Co. Ltd.		271,495		1,410,012
#	Tsuburaya Fields Holdings, Inc.		201,300		2,337,344
#	Tsutsumi Jewelry Co. Ltd.		29,300		401,491
#	Twinbird Corp.		9,200		30,373

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
#	Unipres Corp.		213,797	$	1,643,320
#	United Arrows Ltd.		106,300		1,371,668
*	Unitika Ltd.		347,200		381,767
#	Universal Entertainment Corp.		124,100		1,579,074
# *	Village Vanguard Co. Ltd.		36,600		253,353
	VT Holdings Co. Ltd.		474,400		1,679,429
#	Wacoal Holdings Corp.		244,800		5,979,441
#	Waseda Academy Co. Ltd.		43,600		455,315
#	WATAMI Co. Ltd.		66,800		427,525
	Watts Co. Ltd.		48,500		213,985
# *	Wealth Management, Inc.		8,500		58,165
	Weds Co. Ltd.		14,500		62,405
#	Workman Co. Ltd.		6,266		164,982
	World Co. Ltd.		97,500		1,348,961
#	Xebio Holdings Co. Ltd.		151,996		969,925
	Yagi & Co. Ltd.		16,800		196,162
#	Yamae Group Holdings Co. Ltd.		37,200		680,767
#	Yasunaga Corp.		19,600		93,069
	Yellow Hat Ltd.		204,600		2,678,000
	Yondoshi Holdings, Inc.		67,420		827,055
#	Yonex Co. Ltd.		233,600		1,708,754
#	Yorozu Corp.		81,377		519,520
	Yoshinoya Holdings Co. Ltd.		363,000		8,094,856
#	Yossix Holdings Co. Ltd.		23,400		445,430
	Yutaka Giken Co. Ltd.		8,700		151,780
	Zojirushi Corp.		47,100		447,476
TOTAL CONSUMER DISCRETIONARY					474,890,798
CONSUMER STAPLES — (7.7%)
#	Aeon Hokkaido Corp.		190,100		1,177,663
	AFC-HD AMS Life Science Co. Ltd.		44,500		274,631
	Ain Holdings, Inc.		124,300		4,477,002
#	Albis Co. Ltd.		35,813		645,614
	Almado, Inc.		11,100		114,162
	Arcs Co. Ltd.		258,400		5,336,407
	Artnature, Inc.		109,100		556,105
	Axial Retailing, Inc.		428,000		2,904,986
#	Axxzia, Inc.		8,400		46,932
#	Belc Co. Ltd.		65,800		3,017,861
	Bourbon Corp.		54,800		876,250
#	Bull-Dog Sauce Co. Ltd.		3,000		41,056
#	Cawachi Ltd.		79,400		1,386,509
#	C'BON COSMETICS Co. Ltd.		10,800		104,405
	Chubu Shiryo Co. Ltd.		133,295		1,044,859
#	Chuo Gyorui Co. Ltd.		9,800		201,799
#	Como Co. Ltd.		2,600		49,965
#	Cota Co. Ltd.		137,445		1,347,949
	Create SD Holdings Co. Ltd.		147,200		3,205,767
	Daikokutenbussan Co. Ltd.		31,900		2,035,487
	Delica Foods Holdings Co. Ltd.		59,900		232,010
	DyDo Group Holdings, Inc.		113,200		2,042,747
	Ebara Foods Industry, Inc.		30,900		586,646
	Eco's Co. Ltd.		45,800		692,373
#	Ensuiko Sugar Refining Co. Ltd.		86,200		168,597
	Ezaki Glico Co. Ltd.		252,200		7,039,467
#	Fancl Corp.		341,483		4,546,603
	Feed One Co. Ltd.		145,048		930,979
	Fuji Co. Ltd.		6,100		74,467
	Fuji Oil Holdings, Inc.		247,100		3,871,776

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
	Fujicco Co. Ltd.		112,400	$	1,410,614
	Fujiya Co. Ltd.		66,400		1,095,136
	G-7 Holdings, Inc.		141,300		1,338,046
	Genky DrugStores Co. Ltd.		50,300		2,169,993
	H2O Retailing Corp.		512,245		6,548,457
#	HABA Laboratories, Inc.		15,000		205,876
	Hagoromo Foods Corp.		17,900		387,606
	Halows Co. Ltd.		56,100		1,657,943
	Heiwado Co. Ltd.		179,100		2,396,233
#	Hokkaido Coca-Cola Bottling Co. Ltd.		37,398		633,049
	Hokuto Corp.		130,200		1,575,840
	House Foods Group, Inc.		43,100		877,090
#	Ichimasa Kamaboko Co. Ltd.		38,800		192,519
	Imuraya Group Co. Ltd.		57,947		963,394
#	Inageya Co. Ltd.		16,000		147,802
#	I-NE Co. Ltd.		26,700		322,198
	Ito En Ltd.		72,000		1,761,085
	Itochu-Shokuhin Co. Ltd.		35,100		1,666,812
	Itoham Yonekyu Holdings, Inc.		140,880		3,701,114
	Iwatsuka Confectionery Co. Ltd.		17,400		315,949
	JM Holdings Co. Ltd.		79,700		1,446,211
	J-Oil Mills, Inc.		115,000		1,472,568
	Kadoya Sesame Mills, Inc.		15,600		392,352
	Kagome Co. Ltd.		193,000		4,678,368
	Kakiyasu Honten Co. Ltd.		53,400		1,117,803
#	Kameda Seika Co. Ltd.		67,300		1,888,330
	Kaneko Seeds Co. Ltd.		44,700		421,973
#	Kanemi Co. Ltd.		1,200		25,852
	Kanro, Inc.		12,800		209,188
#	Kansai Food Market Ltd.		2,400		27,979
	Kato Sangyo Co. Ltd.		146,300		4,390,806
	Kenko Mayonnaise Co. Ltd.		64,877		862,220
#	Kibun Foods, Inc.		13,800		113,509
	Koike-ya, Inc.		600		17,999
#	Kotobuki Spirits Co. Ltd.		345,800		4,346,957
	Kusuri No. Aoki Holdings Co. Ltd.		262,800		5,416,585
#	Kyokuyo Co. Ltd.		52,400		1,282,583
	Lacto Japan Co. Ltd.		47,000		731,176
	Life Corp.		105,000		2,693,672
	Lifedrink Co., Inc.		33,400		1,083,818
	Mandom Corp.		214,900		1,896,012
	Marudai Food Co. Ltd.		109,400		1,169,949
	Maruha Nichiro Corp.		216,387		4,234,655
	Maxvalu Tokai Co. Ltd.		49,500		1,008,329
	Medical System Network Co. Ltd.		130,800		560,482
	Megmilk Snow Brand Co. Ltd.		259,200		4,599,960
	Meito Sangyo Co. Ltd.		54,100		632,618
	Milbon Co. Ltd.		157,552		3,312,660
	Ministop Co. Ltd.		84,200		841,788
	Mitsubishi Shokuhin Co. Ltd.		102,100		3,755,195
	Mitsui DM Sugar Holdings Co. Ltd.		104,270		2,146,535
	Miyoshi Oil & Fat Co. Ltd.		31,500		267,101
	Morinaga & Co. Ltd.		414,798		7,119,974
	Morinaga Milk Industry Co. Ltd.		381,100		7,796,526
	Morozoff Ltd.		37,400		1,048,245
#	MTG Co. Ltd.		24,700		256,771
	Nagatanien Holdings Co. Ltd.		66,201		975,723
#	Nakamuraya Co. Ltd.		25,999		529,374
#	Natori Co. Ltd.		65,000		908,206

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
#	Nichimo Co. Ltd.		32,600	$	511,557
	Nihon Chouzai Co. Ltd.		69,689		719,990
	Niitaka Co. Ltd.		4,360		57,115
	Nippn Corp.		304,000		4,666,682
	Nippon Beet Sugar Manufacturing Co. Ltd.		54,600		745,836
	Nishimoto Co. Ltd.		18,700		739,146
	Nisshin Oillio Group Ltd.		148,200		4,967,888
	Nissui Corp.		1,737,200		10,892,046
	Nitto Fuji Flour Milling Co. Ltd.		16,200		569,486
	Noevir Holdings Co. Ltd.		89,400		3,069,737
#	Oenon Holdings, Inc.		229,300		540,790
#	OIE Sangyo Co. Ltd.		22,000		246,572
# *	Oisix ra daichi, Inc.		150,000		1,281,467
	Okuwa Co. Ltd.		168,800		1,057,373
	OUG Holdings, Inc.		21,300		361,076
	Pickles Holdings Co. Ltd.		56,900		445,648
	Pigeon Corp.		698,425		6,729,235
	Pola Orbis Holdings, Inc.		155,200		1,485,381
#	Premium Water Holdings, Inc.		12,100		249,906
	Prima Meat Packers Ltd.		158,700		2,378,238
#	Qol Holdings Co. Ltd.		145,900		1,671,591
#	Retail Partners Co. Ltd.		116,600		1,434,087
	Riken Vitamin Co. Ltd.		139,200		2,309,680
#	Rokko Butter Co. Ltd.		74,200		683,039
	S Foods, Inc.		109,662		2,442,732
#	S&B Foods, Inc.		38,744		1,128,980
#	Sagami Rubber Industries Co. Ltd.		56,000		357,608
	Sakata Seed Corp.		28,400		696,676
	San-A Co. Ltd.		120,000		3,718,101
	Sato Foods Co. Ltd.		800		32,956
	Satudora Holdings Co. Ltd.		3,900		22,635
	Shinnihonseiyaku Co. Ltd.		46,600		523,381
	Shinobu Foods Products Co. Ltd.		1,600		10,370
#	Shoei Foods Corp.		9,000		279,601
	Showa Sangyo Co. Ltd.		114,300		2,614,786
	ST Corp.		38,000		386,076
	Starzen Co. Ltd.		86,100		1,608,871
	STI Foods Holdings, Inc.		8,700		237,624
#	Takara Holdings, Inc.		812,477		5,852,594
#	Toho Co. Ltd.		49,000		953,897
	Torigoe Co. Ltd.		92,100		432,499
	Transaction Co. Ltd.		88,300		1,328,545
#	United Super Markets Holdings, Inc.		320,900		2,115,240
	Valor Holdings Co. Ltd.		207,100		3,385,073
	Warabeya Nichiyo Holdings Co. Ltd.		80,660		1,460,537
	Watahan & Co. Ltd.		87,600		898,266
	Wellneo Sugar Co. Ltd.		98,300		1,501,227
#	Yaizu Suisankagaku Industry Co. Ltd.		57,700		541,923
#	YAKUODO Holdings Co. Ltd.		64,600		1,123,066
	Yamami Co.		8,700		209,991
#	YA-MAN Ltd.		6,200		40,779
	Yamatane Corp.		59,000		1,151,814
#	Yamaya Corp.		23,500		500,690
	Yamazawa Co. Ltd.		11,800		97,096
	Yaoko Co. Ltd.		64,800		3,896,393
	Yokorei Co. Ltd.		296,900		2,021,784
	Yomeishu Seizo Co. Ltd.		42,500		525,180
*	Yoshimura Food Holdings KK		48,300		416,380
	Yuasa Funashoku Co. Ltd.		14,300		337,179

The Japanese Small Company Series

CONTINUED

		Shares		Value»
CONSUMER STAPLES — (Continued)
#	Yukiguni Maitake Co. Ltd.		87,200	$	608,238
#	Yutaka Foods Corp.		3,900		48,629
TOTAL CONSUMER STAPLES					245,398,865
ENERGY — (0.9%)
	BP Castrol KK		26,200		175,251
#	Fuji Kosan Co. Ltd.		11,100		136,450
#	Fuji Oil Co. Ltd.		213,300		663,266
	Itochu Enex Co. Ltd.		339,700		3,498,561
	Japan Oil Transportation Co. Ltd.		5,500		105,766
#	Japan Petroleum Exploration Co. Ltd.		200,700		9,124,397
#	Mitsuuroko Group Holdings Co. Ltd.		195,200		1,825,148
	Modec, Inc.		69,500		1,405,940
#	Nippon Coke & Engineering Co. Ltd.		949,100		811,057
	Sala Corp.		291,400		1,592,547
	San-Ai Obbli Co. Ltd.		374,300		5,101,347
	Sinanen Holdings Co. Ltd.		46,500		1,527,672
	Toyo Kanetsu KK		48,100		1,415,044
TOTAL ENERGY					27,382,446
FINANCIALS — (9.0%)
	77 Bank Ltd.		330,252		8,808,699
	AEON Financial Service Co. Ltd.		413,100		3,766,378
	Aichi Financial Group, Inc.		48,870		853,157
	Aiful Corp.		1,250,900		3,761,076
#	Aizawa Securities Group Co. Ltd.		200,800		1,586,409
	Akatsuki Corp.		152,300		504,820
	Akita Bank Ltd.		87,640		1,198,569
	Anicom Holdings, Inc.		248,400		941,446
#	Aozora Bank Ltd.		245,000		3,969,008
	Asax Co. Ltd.		9,300		46,987
#	Awa Bank Ltd.		185,328		3,406,971
#	Bank of Iwate Ltd.		82,982		1,406,586
	Bank of Kochi Ltd.		27,900		195,402
#	Bank of Nagoya Ltd.		60,930		2,609,200
	Bank of Saga Ltd.		74,320		1,036,840
#	Bank of the Ryukyus Ltd.		234,867		1,846,625
#	Bank of Toyama Ltd.		9,200		120,720
#	Casa, Inc.		7,300		39,788
#	Chiba Kogyo Bank Ltd.		273,758		1,900,542
	Chugin Financial Group, Inc.		679,900		5,795,522
	Daishi Hokuetsu Financial Group, Inc.		225,700		6,640,677
#	Daito Bank Ltd.		6,800		34,725
	eGuarantee, Inc.		207,700		2,463,106
#	Ehime Bank Ltd.		181,901		1,351,934
#	Entrust, Inc.		54,900		314,417
	FIDEA Holdings Co. Ltd.		106,454		1,117,857
	Financial Partners Group Co. Ltd.		309,900		4,360,694
*	Fintech Global, Inc.		104,000		59,346
#	First Bank of Toyama Ltd.		287,900		1,812,658
	First Brothers Co. Ltd.		3,100		26,166
#	Fukui Bank Ltd.		110,562		1,416,830
	Fuyo General Lease Co. Ltd.		19,600		1,743,707
#	GMO Financial Gate, Inc.		19,200		1,132,805
#	GMO Financial Holdings, Inc.		252,300		1,314,518
	Gunma Bank Ltd.		1,914,640		10,870,347
#	Hirogin Holdings, Inc.		1,462,700		10,498,357
# *	Hirose Tusyo, Inc.		20,800		446,225

The Japanese Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
#	Hokkoku Financial Holdings, Inc.		133,700	$	4,404,200
#	Hokuhoku Financial Group, Inc.		650,353		8,236,482
*	HS Holdings Co. Ltd.		121,596		805,323
#	Hyakugo Bank Ltd.		1,291,009		5,464,227
#	Hyakujushi Bank Ltd.		125,700		2,424,522
	Ichiyoshi Securities Co. Ltd.		186,100		1,026,545
	IwaiCosmo Holdings, Inc.		118,400		1,741,494
	Iyogin Holdings, Inc.		799,118		6,183,286
#	J Trust Co. Ltd.		126,641		369,181
	Jaccs Co. Ltd.		136,600		4,962,386
# *	JAFCO Group Co. Ltd.		467,100		5,776,326
	Japan Investment Adviser Co. Ltd.		136,400		932,557
#	Japan Securities Finance Co. Ltd.		560,600		6,195,339
#	Jimoto Holdings, Inc.		37,950		149,830
#	J-Lease Co. Ltd.		63,800		529,255
	Juroku Financial Group, Inc.		185,800		5,771,372
	Keiyo Bank Ltd.		563,146		2,817,796
#	Kita-Nippon Bank Ltd.		43,506		705,647
	Kiyo Bank Ltd.		393,290		4,833,115
#	Kyokuto Securities Co. Ltd.		128,300		1,352,480
	Kyushu Financial Group, Inc.		125,937		930,076
#	Kyushu Leasing Service Co. Ltd.		34,000		318,990
# *	LIFENET INSURANCE Co.		61,400		601,876
	M&A Capital Partners Co. Ltd.		79,100		1,173,217
#	Marusan Securities Co. Ltd.		254,300		1,804,469
	Matsui Securities Co. Ltd.		609,900		3,329,528
	Mercuria Holdings Co. Ltd.		60,500		422,865
	Mito Securities Co. Ltd.		288,529		940,631
	Miyazaki Bank Ltd.		87,300		1,661,726
	Mizuho Leasing Co. Ltd.		859,500		6,335,315
	Monex Group, Inc.		1,081,600		6,442,401
	Money Partners Group Co. Ltd.		29,700		55,788
#	Mortgage Service Japan Ltd.		26,100		87,651
	Musashino Bank Ltd.		155,521		3,012,216
	Nanto Bank Ltd.		150,800		3,047,517
	NEC Capital Solutions Ltd.		60,200		1,530,123
*	Net Protections Holdings, Inc.		222,300		325,882
	Nishi-Nippon Financial Holdings, Inc.		703,300		8,793,168
#	North Pacific Bank Ltd.		1,579,600		4,607,360
	Ogaki Kyoritsu Bank Ltd.		207,300		2,992,654
	Oita Bank Ltd.		78,999		1,577,499
#	Okasan Securities Group, Inc.		935,100		5,003,427
	Okinawa Financial Group, Inc.		113,516		1,953,782
#	Orient Corp.		261,390		1,848,955
	Premium Group Co. Ltd.		179,300		2,426,517
	Procrea Holdings, Inc.		233,772		2,869,665
#	Ricoh Leasing Co. Ltd.		91,300		3,180,332
	San ju San Financial Group, Inc.		117,893		1,625,847
	San-In Godo Bank Ltd.		904,000		7,096,799
*	SBI ARUHI Corp.		73,300		454,337
#	SBI Global Asset Management Co. Ltd.		145,400		704,621
#	Senshu Ikeda Holdings, Inc.		1,179,128		3,062,695
#	Seven Bank Ltd.		761,799		1,477,402
#	Shiga Bank Ltd.		271,100		7,494,491
	Shikoku Bank Ltd.		205,690		1,636,715
	Shimizu Bank Ltd.		58,200		617,339
	Sparx Group Co. Ltd.		115,060		1,430,141
	Strike Co. Ltd.		47,100		1,507,932
#	Suruga Bank Ltd.		854,000		4,975,164

The Japanese Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Taiko Bank Ltd.		41,800	$	416,732
#	Tochigi Bank Ltd.		527,800		1,275,243
#	Toho Bank Ltd.		1,153,200		2,733,685
	Tohoku Bank Ltd.		53,257		442,127
	Tokai Tokyo Financial Holdings, Inc.		1,094,774		4,366,905
	Tokyo Kiraboshi Financial Group, Inc.		147,338		4,571,388
	Tomato Bank Ltd.		25,600		214,568
#	TOMONY Holdings, Inc.		859,443		2,369,306
#	Tottori Bank Ltd.		50,400		495,212
	Towa Bank Ltd.		199,900		949,116
	Toyo Securities Co. Ltd.		327,900		864,920
	Traders Holdings Co. Ltd.		56,520		269,997
#	Tsukuba Bank Ltd.		410,900		819,265
	Wellnet Corp.		78,300		290,175
#	Yamagata Bank Ltd.		143,600		1,112,334
	Yamaguchi Financial Group, Inc.		980,072		9,955,716
#	Yamanashi Chuo Bank Ltd.		150,126		1,861,152
#	Zenkoku Hosho Co. Ltd.		3,800		136,132
TOTAL FINANCIALS					286,581,563
HEALTH CARE — (5.1%)
	Amvis Holdings, Inc.		183,200		3,079,446
	As One Corp.		302,000		5,284,635
	ASKA Pharmaceutical Holdings Co. Ltd.		130,700		1,911,370
	Astena Holdings Co. Ltd.		194,800		626,333
#	BML, Inc.		137,200		2,643,254
#	Carenet, Inc.		121,300		517,173
#	CellSource Co. Ltd.		17,900		176,201
	Charm Care Corp. KK		110,200		1,202,357
	Create Medic Co. Ltd.		32,900		207,942
# *	CYBERDYNE, Inc.		138,700		192,822
	Daiken Medical Co. Ltd.		103,800		389,893
	Daito Pharmaceutical Co. Ltd.		81,338		1,254,727
	Eiken Chemical Co. Ltd.		196,400		2,557,187
	Elan Corp.		183,700		1,113,226
	EM Systems Co. Ltd.		77,300		364,198
#	FALCO HOLDINGS Co. Ltd.		53,300		819,042
	FINDEX, Inc.		92,700		686,132
#	France Bed Holdings Co. Ltd.		137,555		1,158,210
#	Fuji Pharma Co. Ltd.		92,900		1,000,564
#	Fukuda Denshi Co. Ltd.		125,200		5,727,534
	Fuso Pharmaceutical Industries Ltd.		40,800		588,943
*	GNI Group Ltd.		211,100		4,205,847
#	H.U. Group Holdings, Inc.		324,700		5,287,821
	Hisamitsu Pharmaceutical Co., Inc.		22,700		588,377
	Hogy Medical Co. Ltd.		79,400		1,956,849
#	Hoshi Iryo-Sanki Co. Ltd.		9,600		328,607
#	I'rom Group Co. Ltd.		38,400		480,118
# *	Japan Hospice Holdings, Inc.		20,800		224,715
	Japan Lifeline Co. Ltd.		341,000		2,720,390
	Japan Medical Dynamic Marketing, Inc.		99,400		476,372
	JCR Pharmaceuticals Co. Ltd.		257,532		1,461,934
	Jeol Ltd.		252,800		10,472,655
	JMS Co. Ltd.		104,457		363,178
	Kaken Pharmaceutical Co. Ltd.		115,500		2,610,765
	Kanamic Network Co. Ltd.		138,300		483,599
	Kissei Pharmaceutical Co. Ltd.		170,700		3,992,950
	Koa Shoji Holdings Co. Ltd.		4,100		23,369
#	Kyorin Pharmaceutical Co. Ltd.		240,646		2,893,489

The Japanese Small Company Series

CONTINUED

		Shares		Value»
HEALTH CARE — (Continued)
#	Linical Co. Ltd.		66,700	$	174,351
	Mani, Inc.		392,300		5,132,238
	Medical Data Vision Co. Ltd.		149,300		591,549
	Medikit Co. Ltd.		2,000		39,710
#	Medius Holdings Co. Ltd.		68,500		350,805
*	Medley, Inc.		87,700		2,606,934
	MedPeer, Inc.		77,600		356,447
#	Menicon Co. Ltd.		357,490		3,674,022
	Mizuho Medy Co. Ltd.		21,600		464,622
#	Mochida Pharmaceutical Co. Ltd.		64,998		1,375,417
	Nakanishi, Inc.		342,800		5,379,216
#	Nihon Kohden Corp.		114,400		3,037,711
	Nippon Shinyaku Co. Ltd.		73,100		2,170,484
	Nipro Corp.		832,700		6,609,307
	Paramount Bed Holdings Co. Ltd.		245,100		4,161,724
*	PeptiDream, Inc.		455,993		4,280,778
#	Pharma Foods International Co. Ltd.		88,100		554,646
#	PHC Holdings Corp.		47,700		388,756
	Rion Co. Ltd.		51,800		1,000,595
	Sawai Group Holdings Co. Ltd.		219,400		8,578,138
#	Seed Co. Ltd.		68,100		288,632
	Seikagaku Corp.		225,300		1,130,489
#	Shin Nippon Biomedical Laboratories Ltd.		126,900		1,287,669
	Ship Healthcare Holdings, Inc.		344,100		4,753,015
	Shofu, Inc.		67,400		1,291,653
	Software Service, Inc.		18,600		1,560,402
	Solasto Corp.		319,700		1,148,292
	St-Care Holding Corp.		81,600		485,457
*	StemCell Institute		4,300		56,720
# *	Sumitomo Pharma Co. Ltd.		699,300		1,832,783
#	SUNWELS Co. Ltd.		47,800		866,237
	Takara Bio, Inc.		198,800		1,281,398
	Techno Medica Co. Ltd.		14,700		168,944
#	Toho Holdings Co. Ltd.		284,600		6,763,263
	Tokai Corp.		120,600		1,717,798
	Torii Pharmaceutical Co. Ltd.		88,300		2,403,576
#	Towa Pharmaceutical Co. Ltd.		150,600		2,919,199
#	Trans Genic, Inc.		51,100		81,075
	Tsumura & Co.		278,018		6,921,330
#	Value HR Co. Ltd.		92,800		819,441
	Vital KSK Holdings, Inc.		246,500		2,026,231
	WIN-Partners Co. Ltd.		23,400		187,414
	ZERIA Pharmaceutical Co. Ltd.		74,000		1,036,665
TOTAL HEALTH CARE					162,027,357
INDUSTRIALS — (28.8%)
	Advan Group Co. Ltd.		144,200		1,097,595
	Aeon Delight Co. Ltd.		115,600		2,683,878
	Aichi Corp.		223,100		1,582,209
	Aida Engineering Ltd.		303,600		1,780,576
# *	Aidma Holdings, Inc.		5,500		64,093
	Airtech Japan Ltd.		2,000		15,604
	AIT Corp.		28,000		333,567
	Ajis Co. Ltd.		28,900		482,380
	Alconix Corp.		141,600		1,345,239
#	Alinco, Inc.		80,500		550,856
#	Alps Logistics Co. Ltd.		110,100		2,040,334
	Altech Corp.		101,970		1,847,603
	Anest Iwata Corp.		220,200		1,962,486

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Artner Co. Ltd.		14,900	$	231,196
	Asahi Diamond Industrial Co. Ltd.		282,200		1,783,341
	Asahi Kogyosha Co. Ltd.		102,800		1,137,271
	Asanuma Corp.		76,600		2,017,442
#	Asukanet Co. Ltd.		39,400		185,095
	AZ-COM MARUWA Holdings, Inc.		191,700		1,716,553
	Bando Chemical Industries Ltd.		202,900		2,518,713
	Bell System24 Holdings, Inc.		206,500		2,144,793
	Bewith, Inc.		10,100		149,721
#	Br Holdings Corp.		181,900		451,265
	Bunka Shutter Co. Ltd.		332,200		3,736,206
	Canare Electric Co. Ltd.		2,200		24,992
	Career Design Center Co. Ltd.		4,600		54,125
#	Careerlink Co. Ltd.		32,600		529,480
	Central Glass Co. Ltd.		125,700		2,371,231
#	Central Security Patrols Co. Ltd.		51,100		892,467
	Chilled & Frozen Logistics Holdings Co. Ltd.		98,500		2,005,669
*	Chiyoda Corp.		885,700		2,351,850
	Chiyoda Integre Co. Ltd.		66,200		1,213,709
	Chori Co. Ltd.		67,600		1,509,413
	Chudenko Corp.		183,100		3,633,911
#	Chugai Ro Co. Ltd.		32,700		662,368
	Chuo Warehouse Co. Ltd.		21,000		158,190
#	CKD Corp.		287,200		5,758,054
#	CMC Corp.		30,200		255,626
	Copro-Holdings Co. Ltd.		26,600		313,576
	Cosel Co. Ltd.		146,800		1,467,189
	Creek & River Co. Ltd.		67,100		874,025
*	CrowdWorks, Inc.		17,300		178,071
	CTI Engineering Co. Ltd.		66,400		2,254,505
	CTS Co. Ltd.		151,400		790,310
	Dai-Dan Co. Ltd.		178,400		2,835,925
	Daido Kogyo Co. Ltd.		38,800		195,519
#	Daihatsu Diesel Manufacturing Co. Ltd.		108,000		1,047,759
#	Daihen Corp.		89,000		5,555,103
#	Daiho Corp.		65,800		1,503,045
	Dai-Ichi Cutter Kogyo KK		46,300		492,474
	Daiichi Jitsugyo Co. Ltd.		153,300		2,149,341
	Daiichi Kensetsu Corp.		35,200		412,633
#	Daiki Axis Co. Ltd.		41,900		209,430
	Daiseki Co. Ltd.		279,055		6,812,676
#	Daiseki Eco. Solution Co. Ltd.		8,259		56,988
	Daisue Construction Co. Ltd.		48,200		514,027
	Daiwa Industries Ltd.		174,500		1,841,322
#	Denyo Co. Ltd.		96,400		1,498,065
	Dip Corp.		204,335		3,735,959
	DMG Mori Co. Ltd.		221,000		5,842,412
	DMW Corp.		4,800		126,902
	Duskin Co. Ltd.		254,000		5,417,534
	Ebara Jitsugyo Co. Ltd.		64,800		1,524,857
#	Eidai Co. Ltd.		184,700		363,758
	EJ Holdings, Inc.		32,100		374,671
#	en Japan, Inc.		174,808		3,072,981
	Endo Lighting Corp.		54,600		546,084
#	Envipro Holdings, Inc.		34,400		119,800
	ERI Holdings Co. Ltd.		16,000		188,095
	EXEO Group, Inc.		907,800		9,646,457
#	F&M Co. Ltd.		44,400		604,192
# *	FDK Corp.		67,898		333,254

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Forum Engineering, Inc.		75,800	$	465,320
	Freund Corp.		65,156		354,373
	Fudo Tetra Corp.		95,480		1,291,668
	Fuji Corp.		375,000		6,628,907
	Fuji Furukawa Engineering & Construction Co. Ltd.		1,800		71,332
	Fujikura Ltd.		67,600		999,137
	Fujisash Co. Ltd.		443,357		275,670
#	Fukuda Corp.		53,200		1,971,904
	Fukushima Galilei Co. Ltd.		77,600		3,055,543
#	Fukuvi Chemical Industry Co. Ltd.		10,600		63,246
#	Fukuyama Transporting Co. Ltd.		93,457		2,210,945
	FULLCAST Holdings Co. Ltd.		120,000		1,147,660
	Funai Soken Holdings, Inc.		239,370		3,935,044
	Furukawa Co. Ltd.		155,972		1,875,037
#	Furukawa Electric Co. Ltd.		380,200		8,026,002
	Futaba Corp.		202,000		691,224
	Gakujo Co. Ltd.		19,300		229,856
	Gecoss Corp.		95,900		727,245
	Giken Ltd.		35,798		490,512
	Glory Ltd.		263,355		4,970,321
#	gremz, Inc.		41,200		584,207
	GS Yuasa Corp.		417,183		8,694,520
	Hamakyorex Co. Ltd.		100,900		2,559,378
	Hanwa Co. Ltd.		165,500		6,458,980
#	Harmonic Drive Systems, Inc.		11,300		301,097
	Hashimoto Sogyo Holdings Co. Ltd.		8,140		73,162
#	Hazama Ando Corp.		966,700		7,528,514
#	Helios Techno Holding Co. Ltd.		32,000		112,440
	Hibiya Engineering Ltd.		109,900		2,140,205
*	Hino Motors Ltd.		1,013,200		3,395,295
#	Hirakawa Hewtech Corp.		70,800		631,175
#	Hirano Tecseed Co. Ltd.		56,700		780,350
#	Hirata Corp.		26,100		1,346,773
	Hisaka Works Ltd.		116,000		780,441
#	Hitachi Zosen Corp.		982,779		8,588,607
#	Hito Communications Holdings, Inc.		42,900		329,360
#	Hokuetsu Industries Co. Ltd.		137,200		1,800,329
	Hokuriku Electrical Construction Co. Ltd.		89,040		742,483
	Hosokawa Micron Corp.		83,600		2,631,570
#	Howa Machinery Ltd.		48,700		263,157
	Ichiken Co. Ltd.		28,197		465,611
	Ichinen Holdings Co. Ltd.		125,100		1,447,466
	Idec Corp.		179,700		3,176,077
#	Iino Kaiun Kaisha Ltd.		469,600		3,919,175
	Imura & Co. Ltd.		13,700		97,371
	Inaba Denki Sangyo Co. Ltd.		313,900		7,283,785
	Inaba Seisakusho Co. Ltd.		54,800		654,917
	Inabata & Co. Ltd.		277,500		5,841,553
	Insource Co. Ltd.		292,200		1,757,527
	Integrated Design & Engineering Holdings Co. Ltd.		74,800		2,135,100
#	Inui Global Logistics Co. Ltd.		80,380		566,183
#	IR Japan Holdings Ltd.		49,600		432,454
#	Iseki & Co. Ltd.		97,249		658,204
#	Ishii Iron Works Co. Ltd.		1,400		26,059
#	Itoki Corp.		237,200		2,726,224
	Iwaki Co. Ltd.		56,100		1,061,855
	JAC Recruitment Co. Ltd.		430,000		2,241,920
# *	Jamco Corp.		22,500		181,360
#	Japan Elevator Service Holdings Co. Ltd.		388,700		6,346,930

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Japan Foundation Engineering Co. Ltd.		95,500	$	315,674
#	Japan Pulp & Paper Co. Ltd.		72,300		2,474,910
	Japan Steel Works Ltd.		192,900		4,304,308
	Japan Transcity Corp.		228,408		1,001,304
	JDC Corp.		105,100		369,422
	JK Holdings Co. Ltd.		87,140		611,408
#	Juki Corp.		168,100		635,578
	Kamei Corp.		148,700		2,026,262
	Kanaden Corp.		105,700		1,057,155
	Kanagawa Chuo Kotsu Co. Ltd.		35,800		743,791
	Kaname Kogyo Co. Ltd.		1,300		7,721
	Kanamoto Co. Ltd.		177,900		3,173,172
	Kandenko Co. Ltd.		537,900		6,140,370
	Kanematsu Corp.		470,325		8,027,735
	Katakura Industries Co. Ltd.		151,500		1,921,113
	Kato Works Co. Ltd.		54,900		550,943
	Kawada Technologies, Inc.		93,900		2,025,657
#	Kawata Manufacturing Co. Ltd.		20,200		140,207
	Keihin Co. Ltd.		4,500		59,238
	KFC Ltd.		8,700		86,111
#	Kimura Chemical Plants Co. Ltd.		98,900		458,376
#	Kimura Unity Co. Ltd.		47,000		527,561
	King Jim Co. Ltd.		61,200		360,884
	Kitagawa Corp.		44,800		490,286
	Kitano Construction Corp.		21,072		502,899
	Kitz Corp.		405,100		3,634,173
#	Kobe Electric Railway Co. Ltd.		35,799		662,697
	Koike Sanso Kogyo Co. Ltd.		7,000		290,804
	Kokuyo Co. Ltd.		454,525		7,432,664
	KOMAIHALTEC, Inc.		2,500		34,807
	Komatsu Wall Industry Co. Ltd.		49,300		1,036,907
#	Komori Corp.		259,405		2,111,113
#	Kondotec, Inc.		114,200		947,368
	Konoike Transport Co. Ltd.		161,700		2,257,799
#	Kosaido Holdings Co. Ltd.		476,000		2,064,446
	Kozo Keikaku Engineering, Inc.		22,000		582,723
	KPP Group Holdings Co. Ltd.		215,400		1,057,594
	KRS Corp.		75,600		580,202
	Kumagai Gumi Co. Ltd.		198,000		5,396,880
	Kyodo Printing Co. Ltd.		34,900		790,663
#	Kyokuto Boeki Kaisha Ltd.		66,000		908,248
#	Kyokuto Kaihatsu Kogyo Co. Ltd.		198,600		3,364,824
	KYORITSU Co. Ltd.		125,100		152,485
	Kyudenko Corp.		183,600		7,616,756
#	LIKE, Inc.		59,100		651,415
	Link & Motivation, Inc.		258,900		929,930
*	LTS, Inc.		1,700		26,548
	Mabuchi Motor Co. Ltd.		509,668		9,297,560
	Maezawa Industries, Inc.		49,000		354,011
#	Maezawa Kasei Industries Co. Ltd.		78,000		879,288
	Maezawa Kyuso Industries Co. Ltd.		122,700		1,016,970
	Makino Milling Machine Co. Ltd.		131,500		5,469,532
#	Management Solutions Co. Ltd.		57,800		810,503
	Marufuji Sheet Piling Co. Ltd.		7,200		142,714
	MARUKA FURUSATO Corp.		56,707		827,585
#	Marumae Co. Ltd.		28,000		390,551
	Maruyama Manufacturing Co., Inc.		12,800		206,984
	Maruzen Co. Ltd.		65,800		1,273,528
	Maruzen Showa Unyu Co. Ltd.		79,400		2,433,846

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Matching Service Japan Co. Ltd.		56,700	$	433,108
	Matsuda Sangyo Co. Ltd.		75,682		1,228,984
	Matsui Construction Co. Ltd.		118,900		708,705
	Max Co. Ltd.		156,800		3,311,324
	Meidensha Corp.		208,910		3,931,894
#	Meiho Facility Works Ltd.		26,000		152,048
	Meiji Electric Industries Co. Ltd.		51,600		522,557
#	Meiji Shipping Group Co. Ltd.		73,900		379,096
	Meisei Industrial Co. Ltd.		216,000		1,879,035
	MEITEC Group Holdings, Inc.		453,200		8,762,379
#	Meiwa Corp.		145,600		632,452
# *	MetaReal Corp.		20,700		200,822
	METAWATER Co. Ltd.		111,100		1,635,676
#	Midac Holdings Co. Ltd.		30,400		318,803
#	Mie Kotsu Group Holdings, Inc.		346,700		1,409,394
#	Mirai Industry Co. Ltd.		9,300		268,738
	Mirait One Corp.		532,276		6,561,102
	Mitani Corp.		294,600		3,617,690
#	Mitani Sangyo Co. Ltd.		145,000		385,628
	Mitsubishi Kakoki Kaisha Ltd.		39,000		1,048,917
	Mitsubishi Logisnext Co. Ltd.		180,000		2,187,657
	Mitsubishi Logistics Corp.		169,500		5,487,340
	Mitsubishi Pencil Co. Ltd.		135,100		2,263,962
#	Mitsuboshi Belting Ltd.		94,500		2,903,667
#	Mitsui E&S Co. Ltd.		134,381		1,696,429
#	Mitsui Matsushima Holdings Co. Ltd.		67,300		1,290,334
	Mitsui-Soko Holdings Co. Ltd.		119,500		3,692,322
	Miura Co. Ltd.		30,200		585,271
	Miyaji Engineering Group, Inc.		67,335		1,899,417
	Mori-Gumi Co. Ltd.		69,500		158,611
	Morita Holdings Corp.		202,300		2,191,698
#	Moriya Transportation Engineering & Manufacturing Co. Ltd.		1,400		12,154
	Nabtesco Corp.		387,000		6,487,841
#	NAC Co. Ltd.		122,600		431,925
	Nachi-Fujikoshi Corp.		83,800		1,917,442
	Nadex Co. Ltd.		22,200		163,962
	Nagase & Co. Ltd.		558,800		9,391,605
	Naigai Trans Line Ltd.		41,700		671,851
	Nakabayashi Co. Ltd.		110,400		389,015
	Nakakita Seisakusho Co. Ltd.		3,100		88,367
	Nakamoto Packs Co. Ltd.		33,300		362,200
	Nakanishi Manufacturing Co. Ltd.		5,700		78,120
	Nakano Corp.		14,000		55,484
#	Namura Shipbuilding Co. Ltd.		284,528		3,776,494
#	Nankai Electric Railway Co. Ltd.		217,000		4,457,353
	Narasaki Sangyo Co. Ltd.		25,400		502,855
	Nice Corp.		30,000		353,306
	Nichias Corp.		366,500		9,793,075
#	Nichiban Co. Ltd.		68,100		879,514
#	Nichiden Corp.		92,100		1,619,172
#	Nichiha Corp.		152,180		3,440,005
#	Nichireki Co. Ltd.		145,400		2,402,042
#	Nihon Dengi Co. Ltd.		30,800		1,186,949
#	Nihon Flush Co. Ltd.		116,200		743,018
#	Nihon M&A Center Holdings, Inc.		1,777,000		11,312,504
	Nikkiso Co. Ltd.		304,400		2,487,805
	Nikko Co. Ltd.		157,244		790,737
	Nikkon Holdings Co. Ltd.		356,100		6,872,313
	Nippi, Inc.		11,900		443,446

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Nippon Air Conditioning Services Co. Ltd.		187,100	$	1,116,784
	Nippon Aqua Co. Ltd.		78,100		525,533
	Nippon Carbon Co. Ltd.		56,300		1,971,736
	Nippon Concept Corp.		39,500		485,243
	Nippon Densetsu Kogyo Co. Ltd.		224,600		3,110,775
#	Nippon Dry-Chemical Co. Ltd.		11,300		199,667
	Nippon Filcon Co. Ltd.		5,900		21,614
	Nippon Hume Corp.		137,300		769,757
	Nippon Parking Development Co. Ltd.		1,161,400		1,553,700
#	Nippon Rietec Co. Ltd.		26,400		234,734
#	Nippon Road Co. Ltd.		106,000		1,318,293
	Nippon Seisen Co. Ltd.		74,000		647,860
	Nippon Sharyo Ltd.		37,725		591,953
*	Nippon Sheet Glass Co. Ltd.		529,700		1,809,466
#	Nippon Thompson Co. Ltd.		302,637		1,280,937
	Nippon Tungsten Co. Ltd.		13,398		113,715
#	Nishimatsu Construction Co. Ltd.		180,900		5,200,328
#	Nishi-Nippon Railroad Co. Ltd.		290,700		4,742,157
	Nishio Holdings Co. Ltd.		118,100		3,020,325
	Nissei ASB Machine Co. Ltd.		50,300		1,721,969
	Nissei Plastic Industrial Co. Ltd.		105,100		814,365
	Nisshinbo Holdings, Inc.		813,980		6,542,587
	Nissin Corp.		90,000		1,700,977
#	Nisso Holdings Co. Ltd.		79,600		433,951
	Nitta Corp.		115,000		3,011,784
	Nitto Kogyo Corp.		152,900		4,206,960
	Nitto Kohki Co. Ltd.		61,500		787,829
	Nitto Seiko Co. Ltd.		164,473		691,760
	Nittoc Construction Co. Ltd.		117,600		904,038
	Nittoku Co. Ltd.		35,200		459,329
	NJS Co. Ltd.		36,800		747,383
	Noda Corp.		116,900		911,467
#	Nomura Micro Science Co. Ltd.		117,600		4,139,934
	Noritake Co. Ltd.		111,600		3,104,429
	Noritsu Koki Co. Ltd.		111,900		2,356,381
	Noritz Corp.		153,000		1,752,593
#	NS Tool Co. Ltd.		95,700		618,955
	NS United Kaiun Kaisha Ltd.		53,400		1,668,662
#	NTN Corp.		2,291,500		4,776,623
	Obara Group, Inc.		62,000		1,558,595
	Ochi Holdings Co. Ltd.		8,900		96,790
	Ohba Co. Ltd.		76,500		517,210
#	Ohmoto Gumi Co. Ltd.		12,300		207,296
#	Oiles Corp.		139,970		2,055,061
	Okabe Co. Ltd.		205,100		1,057,098
	Okada Aiyon Corp.		42,800		892,060
	Okamoto Machine Tool Works Ltd.		24,599		1,054,663
	Okamura Corp.		350,100		5,160,691
#	OKUMA Corp.		143,200		6,810,823
	Okumura Corp.		175,580		5,832,106
	Onamba Co. Ltd.		1,400		12,207
	Onoken Co. Ltd.		107,500		1,328,987
	Open Up Group, Inc.		217,600		2,952,093
#	Organo Corp.		150,600		7,468,266
	Oriental Consultants Holdings Co. Ltd.		6,100		120,623
	Oriental Shiraishi Corp.		739,100		1,931,350
#	Origin Co. Ltd.		24,900		198,764
	OSG Corp.		487,600		7,023,908
	Oyo Corp.		126,400		1,838,871

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Paraca, Inc.		34,000	$	447,730
*	Park24 Co. Ltd.		740,573		8,745,420
	Parker Corp.		34,000		220,124
#	Pasco Corp.		11,200		138,085
	Pasona Group, Inc.		126,600		2,328,919
#	Pegasus Co. Ltd.		123,100		433,715
	Penta-Ocean Construction Co. Ltd.		385,300		1,934,172
	People Dreams & Technologies Group Co. Ltd.		23,700		275,103
	Pilot Corp.		142,300		3,698,293
	Prestige International, Inc.		622,200		2,806,255
#	Pronexus, Inc.		104,900		844,530
	PS Mitsubishi Construction Co. Ltd.		62,560		432,668
#	Punch Industry Co. Ltd.		19,700		59,311
	Quick Co. Ltd.		77,000		1,203,800
	Raito Kogyo Co. Ltd.		267,000		3,553,982
	Raiznext Corp.		261,500		3,600,541
# *	Raksul, Inc.		212,700		1,521,296
	Rasa Corp.		63,200		833,581
	Rheon Automatic Machinery Co. Ltd.		98,100		1,005,646
	Rix Corp.		17,300		461,994
	Ryobi Ltd.		123,740		2,461,040
#	S LINE GROUP Co. Ltd.		23,800		138,607
	Sakai Heavy Industries Ltd.		22,800		1,013,753
#	Sakai Moving Service Co. Ltd.		134,400		2,259,543
*	Sanix, Inc.		13,300		29,141
	Sanki Engineering Co. Ltd.		262,700		3,654,933
	Sanko Gosei Ltd.		118,900		592,261
	Sanko Metal Industrial Co. Ltd.		15,100		489,333
	Sankyo Tateyama, Inc.		139,674		869,907
	Sankyu, Inc.		199,300		6,859,498
	Sansei Technologies, Inc.		60,578		512,588
#	Sansha Electric Manufacturing Co. Ltd.		55,300		659,247
	Sanyo Denki Co. Ltd.		51,200		2,393,371
#	Sanyo Electric Railway Co. Ltd.		99,198		1,361,674
#	Sanyo Engineering & Construction, Inc.		60,200		323,194
	Sanyo Industries Ltd.		6,400		140,814
	Sanyo Trading Co. Ltd.		138,600		1,312,912
	Sata Construction Co. Ltd.		86,199		441,277
	Sato Holdings Corp.		151,500		2,316,926
	Sato Shoji Corp.		86,800		1,015,449
	SBS Holdings, Inc.		111,000		1,897,194
#	SEC Carbon Ltd.		54,500		951,484
	Seibu Electric & Machinery Co. Ltd.		10,300		115,665
	Seika Corp.		44,500		1,103,267
#	Seikitokyu Kogyo Co. Ltd.		40,230		498,346
#	Sekisui Jushi Corp.		187,200		2,905,869
	Senko Group Holdings Co. Ltd.		674,800		5,055,821
	Senshu Electric Co. Ltd.		73,600		2,428,779
#	Shibaura Machine Co. Ltd.		110,900		2,680,763
	Shibusawa Warehouse Co. Ltd.		58,000		1,161,014
	Shibuya Corp.		93,100		2,143,241
	Shima Seiki Manufacturing Ltd.		150,930		1,382,826
#	Shimojima Co. Ltd.		48,800		447,087
	Shin Maint Holdings Co. Ltd.		14,600		138,502
	Shin Nippon Air Technologies Co. Ltd.		84,680		1,877,549
#	Shinki Bus Co. Ltd.		1,900		43,633
	Shinmaywa Industries Ltd.		339,100		2,761,626
	Shinnihon Corp.		164,700		1,803,599
	Shinsho Corp.		30,000		1,431,837

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
#	Shinwa Co. Ltd.		60,300	$	1,091,753
	Shinwa Co. Ltd.		24,800		123,244
	SHO-BOND Holdings Co. Ltd.		6,300		264,847
#	SIGMAXYZ Holdings, Inc.		200,300		2,234,223
#	Sinfonia Technology Co. Ltd.		135,800		2,780,959
	Sinko Industries Ltd.		119,600		3,023,346
	Sintokogio Ltd.		253,400		2,115,989
	SMS Co. Ltd.		322,300		5,542,887
	Soda Nikka Co. Ltd.		105,700		799,046
	Sodick Co. Ltd.		257,500		1,225,644
#	Sotetsu Holdings, Inc.		312,100		5,577,030
#	Space Co. Ltd.		93,062		631,387
#	S-Pool, Inc.		353,600		733,797
	Star Micronics Co. Ltd.		207,800		2,544,328
#	Studio Alice Co. Ltd.		55,200		751,733
	Subaru Enterprise Co. Ltd.		32,700		578,490
	Sugimoto & Co. Ltd.		61,600		920,309
#	Sumiseki Holdings, Inc.		212,700		2,050,342
	Sumitomo Densetsu Co. Ltd.		109,300		2,436,137
	Sumitomo Mitsui Construction Co. Ltd.		821,040		2,309,741
	Sumitomo Warehouse Co. Ltd.		319,400		5,377,938
	Suzumo Machinery Co. Ltd.		4,400		34,521
	SWCC Corp.		157,200		3,931,535
	Tacmina Corp.		14,700		190,234
	Tadano Ltd.		619,100		5,295,092
	Taihei Dengyo Kaisha Ltd.		89,200		2,721,241
	Taiheiyo Kouhatsu, Inc.		37,100		198,692
#	Taikisha Ltd.		149,700		4,676,816
#	Taisei Oncho Co. Ltd.		13,600		411,113
#	Takamatsu Construction Group Co. Ltd.		90,100		1,678,310
	Takamiya Co. Ltd.		144,999		557,523
#	Takano Co. Ltd.		22,000		152,300
	Takaoka Toko Co. Ltd.		59,920		1,006,054
	Takara & Co. Ltd.		48,955		898,357
	Takara Standard Co. Ltd.		192,400		2,436,608
#	Takasago Thermal Engineering Co. Ltd.		245,700		7,821,520
	Takashima & Co. Ltd.		74,800		633,607
#	Takatori Corp.		4,500		126,107
	Takeuchi Manufacturing Co. Ltd.		204,100		8,181,561
#	Takigami Steel Construction Co. Ltd.		5,300		260,457
	Takuma Co. Ltd.		166,600		2,069,201
#	Tanabe Engineering Corp.		39,500		362,262
	Tanseisha Co. Ltd.		230,049		1,334,058
# *	Tatsuta Electric Wire & Cable Co. Ltd.		179,300		828,192
	Techno Ryowa Ltd.		68,690		937,411
	Techno Smart Corp.		46,800		638,998
	TechnoPro Holdings, Inc.		163,200		3,268,607
#	Teikoku Electric Manufacturing Co. Ltd.		103,400		1,730,108
	Teikoku Sen-I Co. Ltd.		113,000		1,722,348
	Tekken Corp.		72,000		1,282,743
	Terasaki Electric Co. Ltd.		24,300		397,517
	Tess Holdings Co. Ltd.		150,800		461,108
	TKC Corp.		183,400		4,501,643
	Toa Corp.		322,400		2,585,030
#	TOA ROAD Corp.		240,500		1,982,453
	Toba, Inc.		9,800		237,458
	Tobishima Corp.		103,354		1,008,302
	Tocalo Co. Ltd.		364,000		4,270,582
	Toda Corp.		908,300		6,076,764

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Toenec Corp.		54,000	$	2,051,586
#	Togami Electric Manufacturing Co. Ltd.		17,800		350,764
	TOKAI Holdings Corp.		626,700		4,085,264
	Tokyo Energy & Systems, Inc.		115,400		934,869
	Tokyo Keiki, Inc.		71,022		1,214,828
#	Tokyo Sangyo Co. Ltd.		126,500		599,058
#	Tokyu Construction Co. Ltd.		490,300		2,678,479
	Toli Corp.		237,700		650,613
	Tomoe Corp.		138,700		678,181
	Tomoe Engineering Co. Ltd.		46,400		1,347,560
	Tonami Holdings Co. Ltd.		33,400		1,006,718
#	Torishima Pump Manufacturing Co. Ltd.		110,500		2,061,656
#	Totech Corp.		144,300		2,866,692
	Totetsu Kogyo Co. Ltd.		144,700		2,856,759
	Toukei Computer Co. Ltd.		13,620		321,429
	Toyo Construction Co. Ltd.		492,600		4,222,522
	Toyo Denki Seizo KK		3,650		28,662
	Toyo Engineering Corp.		161,695		1,021,996
	Toyo Logistics Co. Ltd.		17,020		173,394
	Toyo Machinery & Metal Co. Ltd.		84,800		428,638
	Toyo Tanso Co. Ltd.		81,200		4,328,071
	Toyo Wharf & Warehouse Co. Ltd.		23,300		214,439
#	Trancom Co. Ltd.		47,200		1,893,402
*	Transcosmos, Inc.		116,900		2,385,410
	TRE Holdings Corp.		145,500		1,159,512
#	Trinity Industrial Corp.		36,000		281,640
	Trusco Nakayama Corp.		238,200		4,038,590
	Tsubaki Nakashima Co. Ltd.		240,200		1,317,137
	Tsubakimoto Chain Co.		154,640		5,209,586
	Tsubakimoto Kogyo Co. Ltd.		85,200		1,260,412
	Tsugami Corp.		248,500		1,890,007
	Tsukishima Holdings Co. Ltd.		165,000		1,545,999
	Tsurumi Manufacturing Co. Ltd.		101,700		2,517,726
#	TWOSTONE&Sons		13,400		133,749
#	Ueki Corp.		60,800		663,584
#	UEX Ltd.		14,000		108,169
	Union Tool Co.		46,900		1,376,951
#	Ushio, Inc.		572,300		7,317,670
	UT Group Co. Ltd.		175,900		4,129,947
*	Visional, Inc.		73,700		4,728,721
	Wakachiku Construction Co. Ltd.		74,800		1,794,253
	Wakita & Co. Ltd.		217,200		2,293,818
	WDB Holdings Co. Ltd.		56,400		858,326
	Weathernews, Inc.		35,600		1,201,922
	Welbe, Inc.		18,800		134,715
	Will Group, Inc.		96,500		674,339
	World Holdings Co. Ltd.		48,500		819,569
# *	W-Scope Corp.		123,500		446,083
	Yahagi Construction Co. Ltd.		172,600		1,766,542
	YAMABIKO Corp.		217,528		2,887,682
	YAMADA Consulting Group Co. Ltd.		50,438		590,284
#	Yamashina Corp.		197,900		111,457
	Yamashin-Filter Corp.		87,600		266,532
#	Yamato Corp.		108,400		777,417
#	Yamaura Corp.		14,400		137,805
	Yamazen Corp.		338,600		2,992,401
#	Yasuda Logistics Corp.		99,100		789,064
	Yokogawa Bridge Holdings Corp.		194,000		3,741,960
	Yondenko Corp.		54,120		1,426,899

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Yuasa Trading Co. Ltd.		99,900	$	3,490,737
	Yuken Kogyo Co. Ltd.		4,300		65,904
	Yurtec Corp.		257,400		2,519,727
	Yushin Precision Equipment Co. Ltd.		31,700		143,503
	Zaoh Co. Ltd.		25,900		435,692
#	Zenitaka Corp.		14,300		405,568
#	Zuiko Corp.		94,600		870,697
TOTAL INDUSTRIALS					923,068,256
INFORMATION TECHNOLOGY — (13.0%)
#	A&D HOLON Holdings Co. Ltd.		143,900		2,772,834
#	Abalance Corp.		12,000		206,274
	Ad-sol Nissin Corp.		45,308		503,168
#	Adtec Plasma Technology Co. Ltd.		25,000		256,965
#	Advanced Media, Inc.		3,100		33,423
#	AGS Corp.		11,100		61,443
	Ai Holdings Corp.		216,400		3,483,417
*	AI inside, Inc.		9,000		451,284
	Aichi Tokei Denki Co. Ltd.		44,837		718,104
	Aiphone Co. Ltd.		66,800		1,341,660
	Allied Telesis Holdings KK		191,200		139,123
# *	Almedio, Inc.		54,600		390,244
	Alpha Systems, Inc.		27,720		595,070
#	Alps Alpine Co. Ltd.		980,642		7,710,022
	Amano Corp.		287,300		7,320,958
#	Anritsu Corp.		148,699		1,203,612
#	AOI Electronics Co. Ltd.		26,700		461,085
	Argo Graphics, Inc.		102,600		2,885,454
	Arisawa Manufacturing Co. Ltd.		207,900		1,548,993
	Asahi Intelligence Service Co. Ltd.		1,300		12,062
#	Atled Corp.		12,000		112,609
	Avant Group Corp.		127,100		1,083,390
	Axell Corp.		11,400		145,652
	Base Co. Ltd.		27,000		627,374
*	baudroie, Inc.		11,700		300,085
	BrainPad, Inc.		91,500		815,006
	Business Brain Showa-Ota, Inc.		41,500		591,547
#	Business Engineering Corp.		10,300		254,186
	CAC Holdings Corp.		75,200		929,813
	Canon Electronics, Inc.		117,500		1,903,913
#	CDS Co. Ltd.		15,500		176,222
#	Celsys, Inc.		180,700		1,044,271
#	Change Holdings, Inc.		183,200		1,553,920
#	Chino Corp.		41,600		721,609
#	Citizen Watch Co. Ltd.		1,379,800		9,092,469
#	CMK Corp.		261,900		1,066,921
	Computer Engineering & Consulting Ltd.		162,300		1,659,320
	Computer Institute of Japan Ltd.		340,917		1,311,455
	Comture Corp.		145,700		1,901,799
*	Core Concept Technologies, Inc.		16,300		280,557
#	Core Corp.		45,800		569,035
#	Cresco Ltd.		84,700		1,200,734
#	Cross Cat Co. Ltd.		8,200		85,633
#	Cube System, Inc.		60,600		439,085
*	Cyber Security Cloud, Inc.		26,300		501,174
#	Cyberlinks Co. Ltd.		26,700		151,232
#	Cybozu, Inc.		159,000		1,849,249
#	Daishinku Corp.		148,696		778,069
	Daitron Co. Ltd.		55,600		1,302,235

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Daiwabo Holdings Co. Ltd.		556,300	$	9,313,139
	Dawn Corp.		3,100		41,401
	Densan System Holdings Co. Ltd.		43,600		774,006
	Dentsu Soken, Inc.		34,200		1,117,146
	Dexerials Corp.		335,200		14,611,449
	Digital Arts, Inc.		70,300		2,017,077
#	Digital Hearts Holdings Co. Ltd.		72,600		458,612
	Digital Information Technologies Corp.		61,700		733,903
	DKK Co. Ltd.		50,700		716,627
#	DKK-Toa Corp.		31,400		197,784
#	Double Standard, Inc.		33,000		400,840
	DTS Corp.		245,400		6,414,613
	Ebase Co. Ltd.		131,400		628,197
	E-Guardian, Inc.		21,708		198,409
	Eizo Corp.		91,900		3,132,397
	Elecom Co. Ltd.		251,700		2,585,262
	Elematec Corp.		109,742		1,387,906
#	Enomoto Co. Ltd.		29,100		312,218
#	Enplas Corp.		37,900		1,821,286
	ESPEC Corp.		111,200		2,206,583
#	Ferrotec Holdings Corp.		251,000		4,883,380
#	FFRI Security, Inc.		3,300		42,868
	Fixstars Corp.		130,200		1,975,068
	Focus Systems Corp.		53,700		460,555
#	Forval Corp.		51,100		430,824
	FTGroup Co. Ltd.		51,000		414,872
	Fukui Computer Holdings, Inc.		62,200		1,062,723
	Furuno Electric Co. Ltd.		148,500		2,402,268
	Furuya Metal Co. Ltd.		22,600		1,677,511
	Future Corp.		273,600		3,014,608
#	Gig Works, Inc.		8,200		30,722
	GL Sciences, Inc.		44,500		798,955
#	Global Security Experts, Inc.		5,400		199,346
	GMO GlobalSign Holdings KK		24,200		479,735
	GMO internet group, Inc.		290,720		5,267,621
	Hagiwara Electric Holdings Co. Ltd.		46,100		1,356,188
#	Hakuto Co. Ltd.		77,800		2,869,328
# *	Headwaters Co. Ltd.		1,500		151,356
*	Hennge KK		61,400		492,419
	Himacs Ltd.		960		9,146
	Hioki EE Corp.		58,800		2,786,326
	Hochiki Corp.		91,500		1,314,065
	Hokuriku Electric Industry Co. Ltd.		21,839		200,323
	Hosiden Corp.		289,700		3,688,741
	HPC Systems, Inc.		1,700		27,785
#	Icom, Inc.		54,900		1,234,733
	ID Holdings Corp.		79,450		795,939
	I'll, Inc.		46,500		928,217
	Ines Corp.		123,100		1,265,252
#	I-Net Corp.		76,490		1,155,005
	Innotech Corp.		96,100		1,268,853
	Intelligent Wave, Inc.		49,800		382,896
	Inter Action Corp.		40,400		347,279
	I-PEX, Inc.		69,100		832,673
	Iriso Electronics Co. Ltd.		122,500		2,454,327
#	ISB Corp.		51,700		467,680
	Itfor, Inc.		172,600		1,542,742
	Iwatsu Electric Co. Ltd.		4,400		19,832
#	Japan Aviation Electronics Industry Ltd.		284,400		4,670,230

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Japan Business Systems, Inc.		5,600	$	51,654
#	Japan Cash Machine Co. Ltd.		128,900		1,119,977
#	Japan Electronic Materials Corp.		60,200		1,062,123
	Japan Material Co. Ltd.		407,400		6,511,632
#	Japan System Techniques Co. Ltd.		70,800		844,553
#	Jastec Co. Ltd.		71,600		685,320
	JBCC Holdings, Inc.		87,300		1,908,039
	JFE Systems, Inc.		10,000		256,765
# *	JIG-SAW, Inc.		19,400		512,495
	Justsystems Corp.		175,600		3,081,949
	Kaga Electronics Co. Ltd.		98,800		4,200,680
# *	Kaonavi, Inc.		17,600		212,700
	KEL Corp.		27,900		344,421
#	Koa Corp.		182,200		1,771,388
#	Konica Minolta, Inc.		2,220,500		7,266,867
	KSK Co. Ltd.		3,000		80,632
	Kyosan Electric Manufacturing Co. Ltd.		214,900		735,782
#	Kyowa Electronic Instruments Co. Ltd.		55,300		155,409
#	LAC Co. Ltd.		89,400		478,621
	Marubun Corp.		106,400		1,070,510
#	Maruwa Co. Ltd.		33,200		6,947,369
	Maxell Ltd.		231,100		2,422,180
	MCJ Co. Ltd.		428,700		3,799,131
*	Megachips Corp.		91,900		2,347,204
#	Meiko Electronics Co. Ltd.		122,000		4,331,438
	Melco Holdings, Inc.		35,600		851,241
	Micronics Japan Co. Ltd.		164,100		9,006,344
	MIMAKI ENGINEERING Co. Ltd.		113,200		875,530
	Mimasu Semiconductor Industry Co. Ltd.		103,481		2,104,122
#	Miraial Co. Ltd.		41,100		410,825
#	Miroku Jyoho Service Co. Ltd.		111,000		1,313,956
	Mitsubishi Research Institute, Inc.		51,500		1,688,416
	Mitsui High-Tec, Inc.		77,500		4,402,262
#	m-up Holdings, Inc.		174,600		1,351,409
	Mutoh Holdings Co. Ltd.		7,400		112,429
#	Nagano Keiki Co. Ltd.		82,400		1,231,385
	Naigai Tec Corp.		6,100		133,941
	NCD Co. Ltd./Shinagawa		31,500		380,854
	NEC Networks & System Integration Corp.		244,408		4,069,106
	NET One Systems Co. Ltd.		492,716		8,669,085
#	Nichicon Corp.		270,800		2,286,915
#	Nihon Dempa Kogyo Co. Ltd.		112,400		1,007,587
	Nihon Denkei Co. Ltd.		43,300		691,097
#	Nippon Avionics Co. Ltd.		4,100		316,813
*	Nippon Chemi-Con Corp.		98,500		932,683
	Nippon Electric Glass Co. Ltd.		441,436		11,275,542
#	Nippon Information Development Co. Ltd.		12,600		166,557
#	Nippon Kodoshi Corp.		51,600		630,811
	Nippon Signal Company Ltd.		284,800		1,939,590
	Nissha Co. Ltd.		236,100		2,351,348
	Nohmi Bosai Ltd.		140,700		2,103,435
#	NPC, Inc.		38,400		206,449
	NSD Co. Ltd.		464,660		8,985,203
	NSW, Inc.		48,600		1,004,227
	Ohara, Inc.		47,000		409,215
	Oki Electric Industry Co. Ltd.		494,256		3,778,603
#	Optex Group Co. Ltd.		185,100		2,413,679
*	Optim Corp.		93,500		639,862
	Optorun Co. Ltd.		149,100		2,030,048

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
	Oro Co. Ltd.		39,800	$	689,504
	Osaki Electric Co. Ltd.		199,340		893,923
	Oval Corp.		35,600		126,921
	PCI Holdings, Inc.		45,300		282,605
	Plus Alpha Consulting Co. Ltd.		123,400		1,976,898
#	Pole To Win Holdings, Inc.		175,897		594,585
#	Pro-Ship, Inc.		51,100		484,445
	Restar Corp.		108,800		2,180,331
#	Riken Keiki Co. Ltd.		163,200		4,113,081
#	Riso Kagaku Corp.		45,000		915,807
	Roland DG Corp.		76,900		2,748,002
	Rorze Corp.		58,300		8,235,837
	RS Technologies Co. Ltd.		67,400		1,352,344
#	RYODEN Corp.		92,900		1,643,070
# *	Ryosan Co. Ltd.		106,000		3,382,085
	Saison Technology Co. Ltd.		25,500		330,253
#	Sakura Internet, Inc.		103,200		4,190,111
#	Samco, Inc.		27,500		901,868
#	Sanken Electric Co. Ltd.		108,800		4,771,514
	Sanshin Electronics Co. Ltd.		70,900		1,002,552
#	Santec Holdings Corp.		18,900		644,665
	Satori Electric Co. Ltd.		69,680		1,201,920
	Saxa Holdings, Inc.		21,300		423,593
	SB Technology Corp.		62,000		854,982
#	Segue Group Co. Ltd.		23,900		84,873
	Seikoh Giken Co. Ltd.		23,900		288,757
#	SEMITEC Corp.		32,000		373,596
	Shibaura Electronics Co. Ltd.		42,300		1,742,308
#	Shibaura Mechatronics Corp.		58,400		2,476,063
#	Shikino High-Tech Co. Ltd.		2,300		37,593
#	Shindengen Electric Manufacturing Co. Ltd.		43,000		862,624
	Shinko Shoji Co. Ltd.		231,100		1,820,677
#	Shizuki Electric Co., Inc.		105,000		309,748
#	Showa Shinku Co. Ltd.		24,400		229,950
	Sigma Koki Co. Ltd.		22,300		242,611
	Siix Corp.		175,700		2,005,889
*	Simplex Holdings, Inc.		99,500		1,836,889
	SK-Electronics Co. Ltd.		44,900		1,056,065
# *	Smaregi, Inc.		17,500		269,844
	SMK Corp.		26,049		448,520
	Softcreate Holdings Corp.		96,400		1,183,351
	Soliton Systems KK		54,100		476,423
	Solxyz Co. Ltd.		29,700		66,234
	SRA Holdings		69,900		1,824,811
	Startia Holdings, Inc.		22,600		229,318
	Sumida Corp.		132,049		1,058,925
# *	Sun*, Inc.		50,900		324,222
	Sun-Wa Technos Corp.		75,500		1,199,867
	Suzuden Corp.		13,400		189,631
	Suzuki Co. Ltd.		65,977		552,497
	System D, Inc.		1,100		9,407
	System Research Co. Ltd.		61,600		658,534
	System Support, Inc.		29,400		401,998
	Systems Engineering Consultants Co. Ltd.		10,500		336,013
#	Systena Corp.		1,593,700		2,829,035
#	T&S, Inc.		6,200		82,907
	Tachibana Eletech Co. Ltd.		101,760		2,170,935
	TAKEBISHI Corp.		52,200		704,530
#	Tamura Corp.		423,400		1,664,776

The Japanese Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
#	Tazmo Co. Ltd.		58,700	$	1,457,019
#	TDC Soft, Inc.		186,800		1,369,514
	TechMatrix Corp.		237,900		2,861,548
#	Techno Horizon Co. Ltd.		9,700		33,341
#	Tecnos Japan, Inc.		46,100		186,032
	Teikoku Tsushin Kogyo Co. Ltd.		40,000		499,703
#	Tera Probe, Inc.		11,500		479,058
#	TESEC Corp.		22,600		357,994
#	Toho System Science Co. Ltd.		4,050		33,538
#	Tokyo Electron Device Ltd.		112,800		5,131,947
	Tomen Devices Corp.		17,800		773,453
	Topcon Corp.		617,300		7,135,867
#	Torex Semiconductor Ltd.		52,900		641,863
	Toshiba TEC Corp.		137,500		2,740,543
#	Towa Corp.		119,700		7,945,566
	Toyo Corp.		149,600		1,515,046
	Tsuzuki Denki Co. Ltd.		45,800		711,794
#	Ubicom Holdings, Inc.		15,600		130,764
	Uchida Yoko Co. Ltd.		46,400		2,120,926
	ULS Group, Inc.		14,700		399,465
	UNITED, Inc.		50,500		295,755
	User Local, Inc.		30,400		457,927
#	V Technology Co. Ltd.		48,800		801,601
	Wacom Co. Ltd.		30,700		131,766
#	WILLs, Inc.		34,200		179,070
*	WingArc1st, Inc.		64,000		1,288,477
#	YAC Holdings Co. Ltd.		13,000		214,210
#	Yamaichi Electronics Co. Ltd.		130,100		2,079,168
	Yashima Denki Co. Ltd.		119,500		1,231,905
#	YE DIGITAL Corp.		27,500		148,006
	Yokowo Co. Ltd.		98,275		999,668
TOTAL INFORMATION TECHNOLOGY					417,327,264
MATERIALS — (12.5%)
	Achilles Corp.		66,700		676,206
	ADEKA Corp.		494,500		10,441,077
	Agro-Kanesho Co. Ltd.		2,300		19,054
	Aica Kogyo Co. Ltd.		225,700		5,521,905
	Aichi Steel Corp.		60,565		1,543,796
	Arakawa Chemical Industries Ltd.		92,300		707,938
#	Araya Industrial Co. Ltd.		12,200		309,484
	ARE Holdings, Inc.		453,000		5,754,499
	Artience Co. Ltd.		214,900		4,170,630
	Asahi Printing Co. Ltd.		25,700		153,134
	Asahi Yukizai Corp.		84,300		2,931,556
	Asahipen Corp.		2,100		25,699
	Asia Pile Holdings Corp.		187,730		1,028,886
	C Uyemura & Co. Ltd.		64,100		4,366,109
	Carlit Holdings Co. Ltd.		122,213		860,743
#	Chubu Steel Plate Co. Ltd.		31,300		545,279
	Chuetsu Pulp & Paper Co. Ltd.		32,800		409,189
#	Chugoku Marine Paints Ltd.		183,100		2,693,537
	CI Takiron Corp.		281,800		1,252,671
#	CK-San-Etsu Co. Ltd.		23,100		591,827
	Dai Nippon Toryo Co. Ltd.		118,200		915,675
	Daido Steel Co. Ltd.		604,900		7,009,665
#	Daiichi Kigenso Kagaku-Kogyo Co. Ltd.		107,100		673,136
	Daiki Aluminium Industry Co. Ltd.		156,900		1,272,104
#	Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		74,600		1,457,115

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
#	Daio Paper Corp.		363,500	$	2,816,291
#	Denka Co. Ltd.		330,100		5,146,854
	DIC Corp.		356,700		6,810,850
	DKS Co. Ltd.		41,115		972,157
#	Dowa Holdings Co. Ltd.		199,500		6,894,158
	Dynapac Co. Ltd.		8,500		102,149
	FP Corp.		156,297		2,837,568
	Fuji Seal International, Inc.		232,828		3,052,353
	Fujikura Kasei Co. Ltd.		132,400		415,362
	Fujimi, Inc.		264,700		6,073,610
	Fujimori Kogyo Co. Ltd.		98,500		2,788,171
#	Fuso Chemical Co. Ltd.		112,800		3,443,662
	Godo Steel Ltd.		49,900		1,892,854
	Gun-Ei Chemical Industry Co. Ltd.		25,700		639,042
#	Hakudo Co. Ltd.		41,600		691,053
#	Harima Chemicals Group, Inc.		68,700		420,182
	Hodogaya Chemical Co. Ltd.		34,401		815,020
	Hokkan Holdings Ltd.		53,741		664,150
	Hokko Chemical Industry Co. Ltd.		115,300		952,637
#	Hokuetsu Corp.		754,699		9,286,837
#	Ise Chemicals Corp.		10,400		1,065,740
	Ishihara Chemical Co. Ltd.		72,000		877,115
	Ishihara Sangyo Kaisha Ltd.		174,050		1,992,424
#	Ishizuka Glass Co. Ltd.		10,200		196,910
#	Japan Pure Chemical Co. Ltd.		500		10,100
	JCU Corp.		124,200		3,160,356
#	JSP Corp.		79,400		1,183,936
	Kaneka Corp.		219,600		5,464,506
#	Kanto Denka Kogyo Co. Ltd.		249,700		1,663,892
	KeePer Technical Laboratory Co. Ltd.		83,000		2,728,143
#	KEIWA, Inc.		47,200		355,479
	KH Neochem Co. Ltd.		190,142		2,879,385
	Kimoto Co. Ltd.		172,900		259,487
	Koatsu Gas Kogyo Co. Ltd.		185,393		1,099,619
	Kohsoku Corp.		70,200		1,063,241
	Konishi Co. Ltd.		330,800		3,362,991
#	Konoshima Chemical Co. Ltd.		37,500		385,699
#	Krosaki Harima Corp.		116,000		2,695,751
	Kumiai Chemical Industry Co. Ltd.		346,887		1,897,435
	Kunimine Industries Co. Ltd.		35,000		242,796
	Kureha Corp.		263,550		4,753,075
	Kurimoto Ltd.		59,000		1,542,186
	Kuriyama Holdings Corp.		79,300		703,373
#	Kyoei Steel Ltd.		131,200		2,052,102
	Kyowa Leather Cloth Co. Ltd.		70,100		370,612
	Lintec Corp.		240,500		4,958,095
	Maeda Kosen Co. Ltd.		116,000		2,778,962
	Maruichi Steel Tube Ltd.		233,400		6,232,085
#	MEC Co. Ltd.		92,900		2,486,417
	Mitani Sekisan Co. Ltd.		66,000		2,626,248
	Mitsubishi Materials Corp.		477,800		8,984,881
#	Mitsubishi Paper Mills Ltd.		172,200		679,482
#	Mitsubishi Steel Manufacturing Co. Ltd.		57,000		547,867
	Mitsui Mining & Smelting Co. Ltd.		329,400		10,095,522
#	MORESCO Corp.		22,600		211,093
#	Moriroku Holdings Co. Ltd.		15,400		264,348
	Mory Industries, Inc.		33,200		1,369,046
	Muto Seiko Co.		21,900		286,427
#	Nakayama Steel Works Ltd.		206,000		1,276,668

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Nasu Denki Tekko Co. Ltd.		3,000	$	222,286
	Neturen Co. Ltd.		200,900		1,467,698
# *	New Japan Chemical Co. Ltd.		103,900		127,873
	Nicca Chemical Co. Ltd.		45,700		282,632
	Nichia Steel Works Ltd.		24,800		54,038
#	Nihon Kagaku Sangyo Co. Ltd.		79,800		754,218
	Nihon Nohyaku Co. Ltd.		184,500		978,035
	Nihon Parkerizing Co. Ltd.		513,400		4,134,830
#	Nihon Yamamura Glass Co. Ltd.		45,000		497,625
	Nippon Carbide Industries Co., Inc.		46,200		551,156
	Nippon Chemical Industrial Co. Ltd.		42,500		661,754
#	Nippon Concrete Industries Co. Ltd.		240,017		629,871
	Nippon Denko Co. Ltd.		561,614		1,179,945
#	Nippon Fine Chemical Co. Ltd.		81,000		1,357,909
	Nippon Kayaku Co. Ltd.		608,700		5,221,478
	Nippon Light Metal Holdings Co. Ltd.		339,890		4,033,373
	Nippon Paper Industries Co. Ltd.		517,800		4,006,918
#	Nippon Pillar Packing Co. Ltd.		108,800		4,422,888
	Nippon Shokubai Co. Ltd.		421,600		4,117,071
	Nippon Soda Co. Ltd.		136,200		5,453,160
#	Nippon Yakin Kogyo Co. Ltd.		73,349		2,341,228
#	Nitta Gelatin, Inc.		70,100		333,716
	Nittetsu Mining Co. Ltd.		65,900		2,125,489
	Nozawa Corp.		47,500		303,474
	Oat Agrio Co. Ltd.		49,200		664,893
	Okamoto Industries, Inc.		69,300		2,254,503
	Okura Industrial Co. Ltd.		44,300		904,897
	Osaka Organic Chemical Industry Ltd.		90,943		1,917,874
#	Osaka Soda Co. Ltd.		62,399		3,965,942
#	Osaka Steel Co. Ltd.		79,300		1,143,865
#	OSAKA Titanium Technologies Co. Ltd.		157,200		2,715,113
# *	Pacific Metals Co. Ltd.		86,841		776,199
	Pack Corp.		87,200		2,166,236
#	Rasa Industries Ltd.		43,000		773,798
	Rengo Co. Ltd.		1,028,300		7,838,768
	Riken Technos Corp.		231,800		1,517,594
	Sakai Chemical Industry Co. Ltd.		80,516		1,021,710
#	Sakata INX Corp.		243,000		2,530,159
	Sanyo Chemical Industries Ltd.		72,100		2,009,946
	Sanyo Special Steel Co. Ltd.		115,660		1,708,295
	Sekisui Kasei Co. Ltd.		135,082		446,805
	Shikoku Kasei Holdings Corp.		224,500		2,621,633
	Shinagawa Refractories Co. Ltd.		161,000		2,023,498
	Shin-Etsu Polymer Co. Ltd.		262,800		2,675,414
	SK Kaken Co. Ltd.		6,700		351,691
	Soken Chemical & Engineering Co. Ltd.		46,700		987,483
	Stella Chemifa Corp.		55,900		1,355,555
#	Sumitomo Bakelite Co. Ltd.		254,000		7,654,315
	Sumitomo Osaka Cement Co. Ltd.		196,699		4,920,987
	Sumitomo Seika Chemicals Co. Ltd.		50,200		1,675,231
#	T Hasegawa Co. Ltd.		123,100		2,483,085
	Taiheiyo Cement Corp.		435,291		10,025,363
	Taisei Lamick Co. Ltd.		36,900		719,132
	Taiyo Holdings Co. Ltd.		221,700		4,884,861
	Takasago International Corp.		82,700		1,879,233
	Takemoto Yohki Co. Ltd.		35,900		187,782
	Taki Chemical Co. Ltd.		7,700		190,042
#	Tanaka Chemical Corp.		13,400		88,850
#	Taoka Chemical Co. Ltd.		15,100		80,867

The Japanese Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
	Tayca Corp.		89,617	$	900,389
	Teijin Ltd.		840,188		7,631,000
#	Tenma Corp.		111,300		1,666,230
	Toagosei Co. Ltd.		666,600		6,984,339
	Toho Acetylene Co. Ltd.		63,500		165,292
	Toho Chemical Industry Co. Ltd.		47,000		163,050
#	Toho Titanium Co. Ltd.		182,800		1,898,989
# *	Toho Zinc Co. Ltd.		81,499		593,810
	Tohoku Steel Co. Ltd.		8,300		106,544
	Tokai Carbon Co. Ltd.		1,067,700		7,075,223
	Tokushu Tokai Paper Co. Ltd.		52,258		1,373,134
	Tokuyama Corp.		354,797		6,212,982
	Tokyo Printing Ink Manufacturing Co. Ltd.		10,200		231,384
	Tokyo Rope Manufacturing Co. Ltd.		46,000		434,503
#	Tokyo Steel Manufacturing Co. Ltd.		469,100		5,143,876
#	Tokyo Tekko Co. Ltd.		52,900		1,838,368
	Tomoku Co. Ltd.		70,600		1,227,709
	Topy Industries Ltd.		76,800		1,370,105
#	Toyo Gosei Co. Ltd.		29,500		1,891,135
	Toyobo Co. Ltd.		469,900		3,456,542
#	TYK Corp.		108,200		341,377
	UACJ Corp.		189,241		5,413,571
	UBE Corp.		581,000		10,350,189
#	Ultrafabrics Holdings Co. Ltd.		12,900		105,461
#	Valqua Ltd.		103,799		3,476,681
	Vertex Corp.		126,294		1,377,931
	Wavelock Holdings Co. Ltd.		28,300		128,569
#	Wood One Co. Ltd.		8,797		60,997
#	Yodogawa Steel Works Ltd.		133,400		4,037,725
	Yotai Refractories Co. Ltd.		115,400		1,118,302
	Yushiro Chemical Industry Co. Ltd.		54,300		799,251
#	Zeon Corp.		348,499		3,035,629
TOTAL MATERIALS					401,879,939
REAL ESTATE — (1.5%)
	AD Works Group Co. Ltd.		75,179		123,938
	Airport Facilities Co. Ltd.		143,970		580,296
#	Anabuki Kosan, Inc.		16,400		234,107
	Aoyama Zaisan Networks Co. Ltd.		101,700		864,153
	Apaman Co. Ltd.		75,900		244,319
	Arealink Co. Ltd.		47,573		845,224
	AZOOM Co. Ltd.		8,200		327,781
	B-Lot Co. Ltd.		33,900		234,388
	Cosmos Initia Co. Ltd.		46,100		278,089
	CRE, Inc.		38,300		361,176
	Dear Life Co. Ltd.		150,100		1,037,952
#	Goldcrest Co. Ltd.		89,770		1,506,132
#	Grandy House Corp.		95,600		380,623
	Heiwa Real Estate Co. Ltd.		124,100		3,257,129
#	JALCO Holdings, Inc.		96,400		241,840
#	Japan Property Management Center Co. Ltd.		79,300		642,405
	JINUSHI Co. Ltd.		77,900		1,252,280
	JSB Co. Ltd.		50,800		954,383
#	Kasumigaseki Capital Co. Ltd.		10,400		1,174,767
#	Katitas Co. Ltd.		258,200		3,364,433
#	Keihanshin Building Co. Ltd.		197,400		2,007,838
#	LA Holdings Co. Ltd.		12,200		389,264
	Leopalace21 Corp.		1,048,500		3,533,004
	Loadstar Capital KK		34,100		621,182

The Japanese Small Company Series

CONTINUED

		Shares		Value»
REAL ESTATE — (Continued)
	Mirarth Holdings, Inc.		523,500	$	1,723,583
	Mugen Estate Co. Ltd.		54,600		568,207
	Nisshin Group Holdings Co. Ltd.		196,700		664,291
	Raysum Co. Ltd.		21,248		483,300
	Relo Group, Inc.		456,756		3,718,217
	SAMTY Co. Ltd.		155,850		2,847,406
	Sankyo Frontier Co. Ltd.		23,700		664,980
	Sansei Landic Co. Ltd.		3,100		22,082
# *	SRE Holdings Corp.		46,200		1,290,588
	Star Mica Holdings Co. Ltd.		137,071		561,889
	Starts Corp., Inc.		200,400		4,169,526
	Sun Frontier Fudousan Co. Ltd.		173,400		2,144,095
	Sunnexta Group, Inc.		11,100		74,355
# *	Tasuki Corp.		7,200		66,730
#	Tenpo Innovation Co. Ltd.		3,100		19,133
# *	TKP Corp.		49,700		575,070
#	TOC Co. Ltd.		284,250		1,306,559
#	Tokyo Theatres Co., Inc.		47,099		346,467
	Tosei Corp.		178,200		2,825,546
	Urbanet Corp. Co. Ltd.		92,700		256,924
TOTAL REAL ESTATE					48,785,651
UTILITIES — (1.5%)
	EF-ON, Inc.		72,920		210,784
# *	eRex Co. Ltd.		156,800		715,946
#	Hiroshima Gas Co. Ltd.		307,500		776,785
#	Hokkaido Electric Power Co., Inc.		971,300		5,312,273
	Hokkaido Gas Co. Ltd.		92,600		1,547,611
#	Hokuriku Electric Power Co.		989,500		5,256,132
#	Hokuriku Gas Co. Ltd.		10,100		229,197
#	K&O Energy Group, Inc.		84,600		1,777,844
	Nippon Gas Co. Ltd.		655,600		11,041,717
#	Okinawa Electric Power Co., Inc.		250,916		1,904,385
# *	Renewable Japan Co. Ltd.		12,900		86,660
# *	RENOVA, Inc.		214,500		1,762,239
	Saibu Gas Holdings Co. Ltd.		151,600		1,899,971
#	Shikoku Electric Power Co., Inc.		776,800		6,070,348
	Shizuoka Gas Co. Ltd.		315,000		1,969,435
	Toell Co. Ltd.		54,200		298,670
#	Toho Gas Co. Ltd.		265,600		5,880,528
	West Holdings Corp.		126,603		2,400,970
TOTAL UTILITIES					49,141,495
TOTAL COMMON STOCKS Cost ($2,674,148,544)					3,103,229,202
				Value†
SECURITIES LENDING COLLATERAL — (3.1%)
@ §	The DFA Short Term Investment Fund		8,692,194		100,559,993
TOTAL INVESTMENTS — (100.0%) (Cost $2,774,700,637)^^				$	3,203,789,195

»	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.
††	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.

The Japanese Small Company Series

CONTINUED

§	Affiliated Fund.
^^	See Federal Tax Cost Note within the Notes to Schedules of Investments.

Summary of the Series' investments as of March 31, 2024, 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		—	$	66,745,568		—	$	66,745,568
Consumer Discretionary		—		474,890,798		—		474,890,798
Consumer Staples		—		245,398,865		—		245,398,865
Energy		—		27,382,446		—		27,382,446
Financials		—		286,581,563		—		286,581,563
Health Care		—		162,027,357		—		162,027,357
Industrials		—		923,068,256		—		923,068,256
Information Technology		—		417,327,264		—		417,327,264
Materials		—		401,879,939		—		401,879,939
Real Estate		—		48,785,651		—		48,785,651
Utilities		—		49,141,495		—		49,141,495
Securities Lending Collateral		—		100,559,993		—		100,559,993
TOTAL		—	$	3,203,789,195		—	$	3,203,789,195

The Asia Pacific Small Company Series

SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

		Shares		Value»
COMMON STOCKS — (99.2%)
AUSTRALIA — (69.0%)
# *	29Metals Ltd.		554,459	$	135,619
*	3P Learning Ltd.		93,233		75,949
# *	4DMedical Ltd.		44,717		18,939
	4DMedical Ltd.		6,529		2,766
	A2B Australia Ltd.		511,111		478,676
	Accent Group Ltd.		2,364,473		3,127,848
* ††	ACN Ltd.		1,687		0
	Acrow Ltd.		575,359		448,211
#	Adairs Ltd.		946,090		1,583,870
*	Adbri Ltd.		2,268,700		4,630,214
*	Ainsworth Game Technology Ltd.		557,129		441,075
*	Alkane Resources Ltd.		2,714,831		1,106,945
*	Alliance Aviation Services Ltd.		436,741		826,424
# *	Alligator Energy Ltd.		8,107,416		311,191
# *	Altech Batteries Ltd.		174,277		7,948
	Altium Ltd.		49,163		2,088,309
*	Alumina Ltd.		9,199,687		8,525,012
# *	AMA Group Ltd.		10,669,904		382,299
#	AMP Ltd.		16,162,745		12,329,553
	Ansell Ltd.		681,598		10,915,625
*	Antipa Minerals Ltd.		3,268,084		25,445
#	APM Human Services International Ltd.		80,377		85,376
# *	Appen Ltd.		1,224,295		466,482
# *	Arafura Rare Earths Ltd.		11,847,717		1,583,859
#	ARB Corp. Ltd.		511,012		13,765,736
# *	Archer Materials Ltd.		514,440		191,335
*	Ardea Resources Ltd.		232,320		109,889
# *	Argosy Minerals Ltd.		2,371,384		208,625
#	ARN Media Ltd.		2,190,777		1,255,852
# *	Aroa Biosurgery Ltd.		310,301		112,260
# *	Articore Group Ltd.		1,256,028		452,445
	AUB Group Ltd.		604,471		11,714,329
*	Audinate Group Ltd.		300,422		4,097,780
# *	Aura Energy Ltd.		259,286		27,886
	Aura Energy Ltd.		36,741		3,950
# *	Aurelia Metals Ltd.		9,262,466		934,367
# *	Aussie Broadband Ltd.		1,249,902		2,914,299
	Austal Ltd.		1,884,395		2,697,361
#	Austin Engineering Ltd.		845,694		270,051
# *	Australian Agricultural Co. Ltd.		2,095,546		1,857,795
#	Australian Clinical Labs Ltd.		892,912		1,564,916
	Australian Ethical Investment Ltd.		432,568		1,390,305
#	Australian Finance Group Ltd.		1,690,583		1,794,909
# *	Australian Strategic Materials Ltd.		519,757		467,728
# *	Australian Vanadium Ltd.		16,823,179		186,379
# *	Australian Vintage Ltd.		2,444,948		637,160
#	Auswide Bank Ltd.		198,877		568,794
	Autosports Group Ltd.		6,773		11,737
# *	AVJennings Ltd.		7,298,697		1,689,853
# * ††	AVZ Minerals Ltd.		263,719		27,651
# *	Azure Minerals Ltd.		14,528		34,494
#	Baby Bunting Group Ltd.		696,057		951,995

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
#	Bank of Queensland Ltd.		3,764,914	$	15,510,442
# *	Bannerman Energy Ltd.		95,393		229,414
#	Bapcor Ltd.		2,013,984		8,280,844
	Base Resources Ltd.		2,267,930		170,264
*	BCI Minerals Ltd.		5,533,358		847,420
	Beach Energy Ltd.		9,477,871		11,367,311
#	Beacon Lighting Group Ltd.		496,214		956,734
	Beacon Minerals Ltd.		2,446,902		39,928
	Bega Cheese Ltd.		1,544,663		4,208,467
#	Bell Financial Group Ltd.		734,391		650,735
*	Bellevue Gold Ltd.		8,680,965		10,675,685
	Bendigo & Adelaide Bank Ltd.		20,951		139,936
*	Berkeley Energia Ltd.		37,692		6,633
# *	Betmakers Technology Group Ltd.		2,293,199		146,582
# *	Bigtincan Holdings Ltd.		1,377,352		139,282
*	Black Cat Syndicate Ltd.		80,356		11,785
# *	Black Rock Mining Ltd.		2,703,893		126,626
	Black Rock Mining Ltd.		379,417		17,802
# *	Boss Energy Ltd.		2,985,896		9,271,683
*	Botanix Pharmaceuticals Ltd.		220,516		32,332
# *	Bravura Solutions Ltd.		2,245,735		2,048,015
#	Breville Group Ltd.		613,229		10,986,528
	Brickworks Ltd.		402,565		7,471,515
# *	Bubs Australia Ltd.		1,112,690		123,170
# * ††	BWX Ltd.		744,883		18,203
*	Byron Energy Ltd.		275,427		14,694
# *	Calidus Resources Ltd.		1,056,671		79,346
	Calidus Resources Ltd.		224,917		16,855
	Calima Energy Ltd.		1,950,890		159,069
*	Calix Ltd.		11,872		11,316
#	Capitol Health Ltd.		5,647,083		882,813
	Capral Ltd.		73,253		443,715
*	Capricorn Metals Ltd.		2,326,307		7,803,364
# *	Carnarvon Energy Ltd.		9,573,458		1,184,381
#	Cash Converters International Ltd.		2,674,589		391,782
# *	Catapult Group International Ltd.		510,098		515,157
	Cedar Woods Properties Ltd.		384,889		1,203,704
	Centrebet International Ltd.		81,336		0
# *	Cettire Ltd.		1,098,138		2,899,001
	Challenger Ltd.		2,095,730		9,708,021
	Champion Iron Ltd.		2,045,901		9,877,249
# *	Chrysos Corp. Ltd.		62,746		280,409
# *	City Chic Collective Ltd.		1,254,668		335,156
*	Clean Seas Seafood Ltd.		247,494		41,933
	ClearView Wealth Ltd.		156,351		60,633
#	Clinuvel Pharmaceuticals Ltd.		243,314		2,276,325
#	Clover Corp. Ltd.		788,775		249,445
# *	Coast Entertainment Holdings Ltd.		2,196,968		759,069
# *	Cobalt Blue Holdings Ltd.		650,479		59,186
	Cobram Estate Olives Ltd.		13,612		17,253
	Codan Ltd.		810,546		5,741,600
#	COG Financial Services Ltd.		11,590		10,671
# *	Cogstate Ltd.		285,806		251,328
	Collins Foods Ltd.		698,877		4,618,472
*	Comet Ridge Ltd.		2,645,338		345,117
# *	Cooper Energy Ltd.		16,525,904		2,377,183

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
# *	Core Lithium Ltd.		2,708,158	$	273,328
Ω	Coronado Global Resources, Inc., CDI		1,743,818		1,419,547
#	Corporate Travel Management Ltd.		735,679		8,137,349
#	Credit Corp. Group Ltd.		403,803		4,864,615
	CSR Ltd.		3,025,097		17,390,070
	Dalrymple Bay Infrastructure Ltd.		197,878		353,402
	Data#3 Ltd.		1,167,081		6,296,948
*	De Grey Mining Ltd.		9,508,084		7,845,390
*	Deep Yellow Ltd.		2,243,598		1,950,668
	Deterra Royalties Ltd.		1,584,998		5,092,910
# *	Develop Global Ltd.		101,560		157,597
	Dicker Data Ltd.		454,347		3,188,006
#	Domain Holdings Australia Ltd.		1,612,485		3,445,593
	Domino's Pizza Enterprises Ltd.		366,930		10,366,681
	Downer EDI Ltd.		4,102,725		13,643,047
# *	Dreadnought Resources Ltd.		5,603,062		62,330
# *	Dropsuite Ltd.		52,173		10,372
*	DUG Technology Ltd.		40,507		71,044
	Duratec Ltd.		242,534		187,346
#	Eagers Automotive Ltd.		877,469		8,096,813
*	Earlypay Ltd.		223,836		27,692
# *	Ecograf Ltd.		1,581,731		185,518
	Elanor Investor Group		258,201		198,606
	Elders Ltd.		960,921		5,872,585
# *	Electro Optic Systems Holdings Ltd.		80,313		86,679
	Electro Optic Systems Holdings Ltd.		9,662		10,420
# *	Elevate Uranium Ltd.		172,343		53,347
# *	Elixir Energy Ltd.		2,250,692		104,177
	Emeco Holdings Ltd.		1,804,089		835,930
*	Emerald Resources NL		2,812,872		5,377,073
# *	EML Payments Ltd.		1,912,519		1,533,149
*	Energy Transition Minerals Ltd.		1,881,748		46,688
	Enero Group Ltd.		298,728		344,713
# *	EnviroSuite Ltd.		1,131,191		41,977
#	EQT Holdings Ltd.		180,608		3,460,533
	Eureka Group Holdings Ltd.		37,142		12,957
# *	European Lithium Ltd.		3,882,196		177,164
	Euroz Hartleys Group Ltd.		329,402		179,214
	EVT Ltd.		623,546		5,047,069
*	Experience Co. Ltd.		102,579		10,683
	Fenix Resources Ltd.		949,923		163,918
*	Finbar Group Ltd.		337,695		155,359
# * ††	Firefinch Ltd.		1,569,275		38,348
*	FleetPartners Group Ltd.		1,881,675		4,611,359
#	Fleetwood Ltd.		570,779		556,115
#	Flight Centre Travel Group Ltd.		991,677		14,106,519
# *	Frontier Digital Ventures Ltd.		1,085,135		410,356
	G8 Education Ltd.		4,311,845		3,371,763
# *	Galan Lithium Ltd.		1,772,684		479,705
# *	Genetic Signatures Ltd.		197,143		87,350
*	Genetic Signatures Ltd.		25,770		11,419
# *	Genex Power Ltd.		1,098,842		175,806
	Gold Road Resources Ltd.		7,784,315		8,027,208
	GR Engineering Services Ltd.		350,657		521,109
	GrainCorp Ltd., Class A		1,353,547		7,266,809
	Grange Resources Ltd.		3,343,783		958,761

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
	GUD Holdings Ltd.		1,021,707	$	7,852,748
	GWA Group Ltd.		1,285,728		2,245,711
	Hansen Technologies Ltd.		1,184,216		3,759,489
#	Harvey Norman Holdings Ltd.		903,252		3,031,312
# *	Hastings Technology Metals Ltd.		50,199		14,072
# *	Healius Ltd.		4,269,945		3,684,925
	Helia Group Ltd.		2,432,299		6,197,179
*	Helios Energy Ltd.		817,342		26,707
#	Helloworld Travel Ltd.		51,370		101,114
# *	Highfield Resources Ltd.		535,052		148,301
# *	Hillgrove Resources Ltd.		937,758		41,516
	Horizon Oil Ltd.		2,581,265		303,025
*	Hot Chili Ltd.		169,686		121,734
	HUB24 Ltd.		477,073		13,177,210
#	Humm Group Ltd.		2,572,069		836,843
#	IDP Education Ltd.		98,018		1,144,175
	Iluka Resources Ltd.		1,803,994		8,479,007
*	Image Resources NL		208,730		9,540
	Imdex Ltd.		3,102,837		4,707,702
# *	Immutep Ltd.		3,323,024		822,816
# *	Immutep Ltd., Sponsored ADR		7,245		16,881
*	ImpediMed Ltd.		267,755		16,060
# *	Imugene Ltd.		4,503,837		308,217
	Incitec Pivot Ltd.		5,553,944		10,460,039
	Infomedia Ltd.		3,020,161		3,504,334
	Inghams Group Ltd.		2,665,743		6,236,394
#	Insignia Financial Ltd.		3,269,076		5,372,042
#	Integral Diagnostics Ltd.		1,227,850		1,801,571
*	Investigator Resources Ltd.		278,908		7,471
# *	ioneer Ltd.		8,674,581		904,130
	IPD Group Ltd.		101,800		319,200
	IPH Ltd.		1,562,087		6,420,626
#	IRESS Ltd.		1,207,485		6,523,233
	IVE Group Ltd.		740,279		1,051,716
#	Johns Lyng Group Ltd.		1,318,732		5,510,279
*	Judo Capital Holdings Ltd.		326,325		282,919
	Jumbo Interactive Ltd.		208,843		2,333,676
	Jupiter Mines Ltd.		5,809,198		851,729
*	Karoon Energy Ltd.		5,017,969		7,088,589
	Kelly Partners Group Holdings Ltd.		3,572		15,549
#	Kelsian Group Ltd.		923,438		3,475,714
# *	Kogan.com Ltd.		479,738		2,466,540
# *	Lark Distilling Co. Ltd.		53,414		41,583
	Lendlease Corp. Ltd.		2,861,333		11,985,473
* ††	Leo Lithium Ltd.		726,998		89,538
# *	Lepidico Ltd.		2,895,993		9,451
	Liberty Financial Group Ltd.		4,470		11,321
	Lifestyle Communities Ltd.		676,135		6,900,575
	Lindsay Australia Ltd.		412,943		299,968
	Link Administration Holdings Ltd.		2,909,717		4,230,147
	Lovisa Holdings Ltd.		404,882		8,803,233
*	Lucapa Diamond Co. Ltd.		427,428		32,008
	Lycopodium Ltd.		81,447		621,137
#	MA Financial Group Ltd.		509,471		1,621,339
#	Maas Group Holdings Ltd.		114,146		334,868
# *	Mach7 Technologies Ltd.		42,643		19,877

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
#	Macmahon Holdings Ltd.		5,977,758	$	876,350
*	Macquarie Technology Group Ltd.		30,813		1,597,846
#	Mader Group Ltd.		101,553		422,477
	Magellan Financial Group Ltd.		934,906		6,023,721
††	Mallee Resources Ltd.		49,485		2,580
	MaxiPARTS Ltd.		102,620		159,833
# *	Mayne Pharma Group Ltd.		373,929		1,763,480
	McMillan Shakespeare Ltd.		544,280		6,959,481
#	McPherson's Ltd.		653,702		232,365
# *	Medical Developments International Ltd.		167,262		65,426
*	Megaport Ltd.		589,666		5,756,176
# *	Melbana Energy Ltd.		1,489,820		60,238
# *	Mesoblast Ltd.		3,561,708		1,287,428
# *	Metals X Ltd.		3,009,959		696,829
	Metcash Ltd.		5,799,205		14,779,711
	Michael Hill International Ltd.		1,522,713		664,190
# *	Micro-X Ltd.		261,656		20,464
*	MMA Offshore Ltd.		1,868,257		3,179,164
	Monadelphous Group Ltd.		567,315		5,240,853
	Monash IVF Group Ltd.		2,171,758		2,045,197
	Morning Star Gold NL		332,749		0
#	MotorCycle Holdings Ltd.		109,445		110,922
*	Mount Gibson Iron Ltd.		3,425,177		957,933
#	Myer Holdings Ltd.		3,710,235		1,969,587
	MyState Ltd.		642,171		1,530,999
*	Nanosonics Ltd.		1,532,733		2,745,636
	Navigator Global Investments Ltd.		1,510,054		1,615,908
# *	Neometals Ltd.		1,640,466		139,227
	Netwealth Group Ltd.		798,551		10,980,709
#	New Hope Corp. Ltd.		3,161,113		9,576,504
*	New World Resources Ltd.		2,751,437		79,086
# *	NextEd Group Ltd.		47,565		9,301
	nib holdings Ltd.		2,762,115		14,147,722
	Nick Scali Ltd.		398,085		3,993,828
	Nickel Industries Ltd.		9,405,425		4,960,745
#	Nine Entertainment Co. Holdings Ltd.		7,806,987		8,695,500
# *	Novonix Ltd.		1,098,177		613,056
	NRW Holdings Ltd.		3,217,572		6,138,844
	Nufarm Ltd.		2,214,939		7,941,484
*	Nuix Ltd.		468,715		680,995
	Objective Corp. Ltd.		110,773		930,413
*	OFX Group Ltd.		1,517,351		1,610,613
	OM Holdings Ltd.		676,887		191,903
# *	Omni Bridgeway Ltd.		1,596,158		1,574,807
	oOh!media Ltd.		2,618,980		3,037,492
*	Opthea Ltd.		273,202		131,652
	Orora Ltd.		7,895,775		13,992,003
	Pacific Current Group Ltd.		333,540		2,219,349
#	Pacific Smiles Group Ltd.		272,678		284,270
*	Paladin Energy Ltd.		17,262,941		15,380,670
# * ††	Panoramic Resources Ltd.		10,367,820		175,661
# *	Pantoro Ltd.		9,770,781		402,072
# *	Paradigm Biopharmaceuticals Ltd.		59,638		13,390
	Paragon Care Ltd.		348,680		70,446
	Peet Ltd.		1,364,417		1,070,955
# *	Peninsula Energy Ltd.		5,706,281		464,295

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
#	PeopleIN Ltd.		454,984	$	326,066
	Pepper Money Ltd.		217,431		232,664
	Perenti Ltd.		4,497,642		2,872,247
	Perpetual Ltd.		595,344		9,730,928
	Perseus Mining Ltd.		8,150,426		11,429,184
#	Peter Warren Automotive Holdings Ltd.		341,518		489,594
*	PEXA Group Ltd.		718,528		6,343,830
#	Pinnacle Investment Management Group Ltd.		843,664		6,387,940
	Platinum Asset Management Ltd.		2,397,454		1,687,635
*	Playside Studios Ltd.		41,490		25,572
#	PointsBet Holdings Ltd.		616,994		331,531
*	Poseidon Nickel Ltd.		13,403,271		57,017
	PPK Mining Equipment Group Pty. Ltd.		22,761		0
# *	Praemium Ltd.		2,916,041		836,576
# *	Predictive Discovery Ltd.		1,997,557		293,326
	Premier Investments Ltd.		434,928		9,297,866
	Probiotec Ltd.		109,937		207,755
#	Propel Funeral Partners Ltd.		262,510		956,617
# * ††	Province Resources Ltd.		889,179		4,635
	PSC Insurance Group Ltd.		764,913		2,702,634
	PWR Holdings Ltd.		618,964		4,652,517
	QANTM Intellectual Property Ltd.		112,211		115,644
	Qube Holdings Ltd.		382,135		849,044
	Ramelius Resources Ltd.		6,372,398		7,734,774
# *	ReadyTech Holdings Ltd.		271,579		593,008
*	Red 5 Ltd.		19,115,525		4,740,646
††	Red River Resources Ltd.		480,964		0
	Regal Partners Ltd.		40,660		78,955
#	Regis Healthcare Ltd.		924,208		2,415,179
*	Regis Resources Ltd.		4,390,572		5,765,150
	Reject Shop Ltd.		181,592		538,545
	Reliance Worldwide Corp. Ltd.		4,574,507		17,165,099
#	Resimac Group Ltd.		124,613		84,892
*	Resolute Mining Ltd.		12,373,039		3,470,357
# *	Retail Food Group Ltd.		13,948,578		681,965
# *	Rex Minerals Ltd.		1,661,163		216,861
#	Ridley Corp. Ltd.		1,892,845		3,072,547
*	RPMGlobal Holdings Ltd.		1,315,368		1,893,930
*	Sandfire Resources Ltd.		2,980,077		17,260,825
# *	Select Harvests Ltd.		726,282		2,106,030
#	Servcorp Ltd.		348,243		857,372
	Service Stream Ltd.		3,458,885		2,818,662
# *	Seven West Media Ltd.		5,367,384		664,548
	SG Fleet Group Ltd.		437,984		841,769
	Shaver Shop Group Ltd.		677,094		498,562
*	Sheffield Resources Ltd.		249,376		89,536
	Shine Justice Ltd.		59,739		26,870
	Shriro Holdings Ltd.		24,206		11,368
	Sigma Healthcare Ltd.		10,130,069		8,551,734
*	Silver Lake Resources Ltd.		5,859,748		4,737,932
# *	Silver Mines Ltd.		4,378,799		484,749
	Sims Ltd.		1,023,034		8,476,211
	SmartGroup Corp. Ltd.		884,641		5,601,604
#	Solvar Ltd.		1,099,280		767,762
	Southern Cross Electrical Engineering Ltd.		872,550		585,853
#	Southern Cross Media Group Ltd.		1,279,864		796,451

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
AUSTRALIA — (Continued)
* ††	SpeedCast International Ltd.		1,497,915	$	0
	SRG Global Ltd.		1,505,931		784,892
*	St Barbara Ltd.		5,370,860		611,930
	Stanmore Resources Ltd.		679,376		1,427,434
*	Star Entertainment Group Ltd.		12,793,618		4,787,817
* ††	Strandline Resources Ltd.		2,534,832		117,279
# *	Strike Energy Ltd.		8,089,932		1,369,483
††	Sunland Group Ltd.		644,302		23,092
*	Sunstone Metals Ltd.		6,566,306		68,104
	Super Retail Group Ltd.		1,077,207		11,303,961
# *	Superloop Ltd.		2,415,451		2,124,314
# *	Syrah Resources Ltd.		4,499,306		1,452,640
	Tabcorp Holdings Ltd.		13,480,179		6,633,254
	Technology One Ltd.		955,590		10,562,172
*	Telix Pharmaceuticals Ltd.		166,539		1,397,675
*	Temple & Webster Group Ltd.		645,713		5,522,607
* ††	Ten Sixty Four Ltd.		1,044,721		74,887
#	Terracom Ltd.		2,757,084		431,332
	Tribune Resources Ltd.		14,725		36,489
# *	Tuas Ltd.		288,970		735,556
*	Tyro Payments Ltd.		2,563,518		1,718,275
#	Universal Store Holdings Ltd.		19,109		66,627
	Ventia Services Group Pty. Ltd.		3,811,343		9,564,631
††	Virgin Australia Holdings Pty. Ltd.		7,648,897		0
Ω	Viva Energy Group Ltd.		5,662,942		13,663,872
# *	Viva Leisure Ltd.		84,215		80,433
# *	Volpara Health Technologies Ltd.		225,102		166,556
# *	Vulcan Energy Resources Ltd.		76,760		143,549
# *	Wagners Holding Co. Ltd.		137,096		86,977
* ††	Walkabout Resources Ltd.		1,129,282		95,544
# *	Webjet Ltd.		2,238,459		12,871,298
*	West African Resources Ltd.		5,444,548		4,263,279
#	Westgold Resources Ltd.		2,847,042		4,870,414
* ††	Wiluna Mining Corp. Ltd.		248,265		6,148
	XRF Scientific Ltd.		50,780		40,686
*	Zip Co. Ltd.		170,241		154,099
TOTAL AUSTRALIA					980,692,446
CHINA — (0.0%)
*	Fountain SET Holdings Ltd.		776,000		43,151
*	Neo-Neon Holdings Ltd.		2,061,500		107,395
	PAX Global Technology Ltd.		200,000		157,688
	SIIC Environment Holdings Ltd.		2,906,220		352,905
TOTAL CHINA					661,139
HONG KONG — (18.1%)
*	Aceso Life Science Group Ltd.		7,436,400		144,653
*	Acme International Holdings Ltd.		50,000		11,703
	Aeon Credit Service Asia Co. Ltd.		1,074,000		760,335
	Allied Group Ltd.		9,666,000		2,017,122
	Analogue Holdings Ltd.		842,000		108,678
	APAC Resources Ltd.		5,007,284		614,106
# *	Apollo Future Mobility Group Ltd.		583,599		37,278
	Asia Financial Holdings Ltd.		1,626,908		703,210
*	Asia Standard International Group Ltd.		10,846,917		565,405

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	ASMPT Ltd.		1,550,900	$	19,509,461
	Associated International Hotels Ltd.		952,000		647,167
	Bank of East Asia Ltd.		3,549,377		4,229,247
	Best Mart 360 Holdings Ltd.		984,000		233,876
*	Blue River Holdings Ltd.		220,000		6,342
*	BOCOM International Holdings Co. Ltd.		2,371,000		84,676
	Bright Smart Securities & Commodities Group Ltd.		1,760,000		378,106
	Build King Holdings Ltd.		630,000		93,478
	Cafe de Coral Holdings Ltd.		2,510,000		2,571,425
*	Central Wealth Group Holdings Ltd.		13,664,000		40,205
*	Century City International Holdings Ltd.		7,111,460		212,714
	Chen Hsong Holdings		1,296,000		223,683
	Cheuk Nang Holdings Ltd.		771,714		162,841
	Chevalier International Holdings Ltd.		820,989		438,688
*	Chi Kan Holdings Ltd.		64,000		24,934
*	China Best Group Holding Ltd.		626,997		11,841
*	China Energy Development Holdings Ltd.		49,560,000		525,094
	China Motor Bus Co. Ltd.		80,000		577,491
# *	China Star Entertainment Ltd.		10,110,000		813,856
*	Chinese Estates Holdings Ltd.		2,912,000		376,100
	Chinney Investments Ltd.		1,136,000		116,207
	Chow Sang Sang Holdings International Ltd.		2,035,000		2,160,240
*	Chuang's China Investments Ltd.		7,871,407		120,634
*	Chuang's Consortium International Ltd.		7,519,043		403,732
	CITIC Telecom International Holdings Ltd.		11,401,125		3,686,280
#	CK Life Sciences International Holdings, Inc.		17,138,000		734,047
# *	C-Mer Eye Care Holdings Ltd.		2,716,000		982,892
	CN Logistics International Holdings Ltd.		33,000		24,444
	CNT Group Ltd.		7,979,264		338,912
	Convenience Retail Asia Ltd.		1,026,000		79,975
# ††	Convoy, Inc.		32,922,000		131,656
*	Cowell e Holdings, Inc.		1,254,000		3,004,343
Ω	Crystal International Group Ltd.		440,500		180,184
*	CSC Holdings Ltd.		83,051,250		286,147
	CSI Properties Ltd.		47,316,383		595,957
††	CW Group Holdings Ltd.		1,361,500		0
	Dah Sing Banking Group Ltd.		3,094,716		2,203,558
	Dah Sing Financial Holdings Ltd.		1,166,144		2,680,284
	Dickson Concepts International Ltd.		1,591,000		991,754
	Dynamic Holdings Ltd.		230,000		214,819
	Eagle Nice International Holdings Ltd.		2,022,000		1,199,038
#	EC Healthcare		2,072,097		347,472
* ††	EcoGreen International Group Ltd.		1,994,640		90,801
	Emperor International Holdings Ltd.		10,584,753		517,776
	Emperor Watch & Jewellery Ltd.		25,160,000		572,413
*	Energy International Investments Holdings Ltd.		448,000		64,935
*	ENM Holdings Ltd.		12,820,000		467,034
*	Esprit Holdings Ltd.		10,905,325		159,004
*	Eternity Investment Ltd.		820,000		3,928
	EuroEyes International Eye Clinic Ltd.		331,000		196,394
	Fairwood Holdings Ltd.		792,100		815,751
	Far East Consortium International Ltd.		12,311,629		1,605,022
	First Pacific Co. Ltd.		12,142,000		6,117,358
* Ω	FIT Hon Teng Ltd.		4,518,000		1,156,497
* Ω	Fosun Tourism Group		341,800		155,590
	Four Seas Mercantile Holdings Ltd.		610,000		194,814

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
# * Ω	Frontage Holdings Corp.		2,300,000	$	423,790
	FSE Lifestyle Services Ltd.		685,000		477,298
	Get Nice Financial Group Ltd.		2,438,600		196,779
	Giordano International Ltd.		6,066,000		1,596,511
	Glorious Sun Enterprises Ltd.		3,932,000		421,770
# ††	Gold Fin Holdings		9,580,000		0
*	Gold Peak Technology Group Ltd.		3,029,642		216,934
	Golden Resources Development International Ltd.		4,216,500		223,687
*	GR Life Style Company Ltd.		2,224,000		86,777
	Great Eagle Holdings Ltd.		1,186,472		1,665,384
*	Greentech Technology International Ltd.		2,594,000		114,495
	G-Resources Group Ltd.		2,582,810		798,232
	Guoco Group Ltd.		4,000		45,627
	Guotai Junan International Holdings Ltd.		14,527,797		985,577
	Hang Lung Group Ltd.		3,274,000		3,771,206
	Hang Lung Properties Ltd.		1,076,000		1,106,501
	Hanison Construction Holdings Ltd.		2,713,649		211,493
*	Hao Tian International Construction Investment Group Ltd.		856,000		95,627
*	Harbour Centre Development Ltd.		936,500		721,570
	HKBN Ltd.		4,273,500		1,600,200
	HKR International Ltd.		7,039,769		1,138,011
	Hon Kwok Land Investment Co. Ltd.		388,800		69,604
# *	Hong Kong ChaoShang Group Ltd.		1,320,000		103,148
	Hong Kong Ferry Holdings Co. Ltd.		1,007,300		576,806
*	Hong Kong Technology Venture Co. Ltd.		2,029,000		422,923
*	Hongkong & Shanghai Hotels Ltd.		3,607,989		2,745,968
*	Hongkong Chinese Ltd.		4,838,000		185,521
Ω	Honma Golf Ltd.		1,123,000		466,521
	Hung Hing Printing Group Ltd.		2,940,000		432,287
	Hutchison Telecommunications Hong Kong Holdings Ltd.		9,124,000		1,177,635
	Hysan Development Co. Ltd.		2,941,000		4,744,978
*	IGG, Inc.		4,488,000		1,895,395
*	Imagi International Holdings Ltd.		28,984		1,316
Ω	Impro Precision Industries Ltd.		416,000		134,096
	International Housewares Retail Co. Ltd.		1,915,000		327,962
*	IPE Group Ltd.		3,145,000		186,912
*	ITC Properties Group Ltd.		5,524,292		373,750
	Jacobson Pharma Corp. Ltd.		3,580,000		270,225
	JBM Healthcare Ltd.		323,110		39,254
	Johnson Electric Holdings Ltd.		1,936,668		2,684,638
	K Wah International Holdings Ltd.		1,912,000		437,569
*	Kader Holdings Co. Ltd.		14,000		567
	Karrie International Holdings Ltd.		2,932,000		183,443
	Keck Seng Investments Hong Kong Ltd.		856,600		281,381
	Kerry Logistics Network Ltd.		3,661,000		3,993,073
	Kerry Properties Ltd.		3,070,500		5,625,018
	Kingmaker Footwear Holdings Ltd.		1,878,955		177,502
	Kowloon Development Co. Ltd.		2,725,000		1,674,762
	KRP Development Holdings Ltd.		691,000		70,222
*	Kwoon Chung Bus Holdings Ltd.		44,000		9,577
*	Lai Sun Development Co. Ltd.		2,556,894		199,590
*	Lai Sun Garment International Ltd.		1,497,442		124,558
	Lam Soon Hong Kong Ltd.		326,310		389,969
	Langham Hospitality Investments & Langham Hospitality Investments Ltd.		4,040,750		294,650
*	Lippo China Resources Ltd.		274,200		36,843
*	Lippo Ltd.		1,161,700		130,018

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	Liu Chong Hing Investment Ltd.		1,531,200	$	943,331
	L'Occitane International SA		988,250		3,999,873
	Luk Fook Holdings International Ltd.		3,369,000		9,235,494
	Lung Kee Bermuda Holdings		1,323,875		199,685
*	Magnificent Hotel Investment Ltd.		13,090,000		123,812
	Man Wah Holdings Ltd.		6,346,000		4,484,804
	Matrix Holdings Ltd.		1,067,414		107,816
# *	MECOM Power & Construction Ltd.		9,701,999		215,963
	Melbourne Enterprises Ltd.		39,500		398,654
# ††	MH Development NPV		3,238,000		0
*	Midland Holdings Ltd.		2,759,987		346,137
	Miramar Hotel & Investment		1,170,000		1,492,504
	Modern Dental Group Ltd.		2,093,000		1,097,947
# *	Mongolian Mining Corp.		1,248,000		1,451,661
*	NagaCorp Ltd.		5,503,359		2,407,601
	Nameson Holdings Ltd.		7,692,000		521,514
	Nanyang Holdings Ltd.		133,500		432,933
	National Electronics Holdings		2,668,600		225,027
* ††	National United Resources Holdings Ltd.		1,828,000		20,124
*	NEW Concepts Holdings Ltd.		1,140,000		44,365
#	New World Development Co. Ltd.		3,848,000		4,068,420
††	NewOcean Energy Holdings Ltd.		7,246,000		0
#	Nissin Foods Co. Ltd.		1,500,000		948,870
	NWS Holdings Ltd.		6,279,000		5,216,665
	Oriental Watch Holdings		2,719,611		1,244,239
*	Oshidori International Holdings Ltd.		20,024,400		487,221
	Pacific Basin Shipping Ltd.		28,012,000		8,111,015
*	Pacific Century Premium Developments Ltd.		457,240		11,047
	Pacific Textiles Holdings Ltd.		4,817,000		775,623
*	Paliburg Holdings Ltd.		3,180,830		337,423
*	Paradise Entertainment Ltd.		360,000		40,050
	PC Partner Group Ltd.		1,138,000		423,472
	PCCW Ltd.		18,623,545		9,212,741
# * ††	Peace Mark Holdings Ltd.		2,479,870		0
	Pentamaster International Ltd.		1,550,000		160,461
	Perfect Medical Health Management Ltd.		2,553,000		1,044,702
	Pico Far East Holdings Ltd.		5,010,000		1,063,046
	Playmates Holdings Ltd.		7,082,000		525,313
	Plover Bay Technologies Ltd.		2,224,000		676,407
	Pokfulam Development Co. Ltd.		62,000		42,778
*	PT International Development Co. Ltd.		12,163,725		93,831
	Public Financial Holdings Ltd.		2,848,000		451,202
* ††	Pyxis Group Ltd.		1,936,000		0
# *	Realord Group Holdings Ltd.		290,000		202,320
*	Regal Hotels International Holdings Ltd.		2,897,800		973,327
# Ω	Regina Miracle International Holdings Ltd.		1,983,000		501,956
*	Sa Sa International Holdings Ltd.		978,000		103,796
	Safety Godown Co. Ltd.		1,200,000		306,723
* Ω	Samsonite International SA		4,615,200		17,486,398
	SAS Dragon Holdings Ltd.		2,168,000		955,235
#	SEA Holdings Ltd.		1,657,523		371,400
*	Shandong Hi-Speed Holdings Group Ltd.		43,000		29,785
*	Shangri-La Asia Ltd.		4,510,000		2,826,071
*	Shun Ho Property Investments Ltd.		1,140,757		130,410
# *	Shun Tak Holdings Ltd.		8,283,419		794,704
	Singamas Container Holdings Ltd.		8,400,000		600,889

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
HONG KONG — (Continued)
	SITC International Holdings Co. Ltd.		3,397,000	$	6,210,593
# *	SJM Holdings Ltd.		11,923,750		3,645,032
	SmarTone Telecommunications Holdings Ltd.		1,749,981		856,344
# *	Solomon Systech International Ltd.		8,926,000		319,716
	Soundwill Holdings Ltd.		600,500		534,949
*	South China Holdings Co. Ltd.		17,774,503		111,551
	Stella International Holdings Ltd.		2,686,000		4,280,440
	Sun Hung Kai & Co. Ltd.		4,393,429		1,348,167
*	Suncorp Technologies Ltd.		210,000		4,643
	SUNeVision Holdings Ltd.		2,981,000		971,968
	TAI Cheung Holdings Ltd.		2,329,000		940,932
	Tai Hing Group Holdings Ltd.		221,000		24,872
	Tai Sang Land Development Ltd.		798,910		209,077
	Tan Chong International Ltd.		1,176,000		221,666
	Tao Heung Holdings Ltd.		1,396,000		130,162
*	Television Broadcasts Ltd.		1,566,000		617,225
# *	Texhong International Group Ltd.		385,000		210,817
	Texwinca Holdings Ltd.		4,160,000		388,287
# *	Theme International Holdings Ltd.		7,870,000		624,117
	Tian Teck Land Ltd.		1,024,000		276,035
*	TOM Group Ltd.		416,000		32,984
*	Tongda Group Holdings Ltd.		640,000		6,223
	Town Health International Medical Group Ltd.		7,030,115		265,073
	Tradelink Electronic Commerce Ltd.		6,126,000		711,649
	Transport International Holdings Ltd.		1,662,531		1,910,965
	Tycoon Group Holdings Ltd.		62,000		33,034
	United Laboratories International Holdings Ltd.		5,272,000		6,039,892
*	Universal Technologies Holdings Ltd.		1,730,000		15,687
††	Untrade.Genting Hk		5,824,000		0
*	Value Convergence Holdings Ltd.		2,448,000		32,800
	Value Partners Group Ltd.		5,059,000		1,158,016
	Vedan International Holdings Ltd.		3,576,000		228,369
	Vesync Co. Ltd.		82,000		52,446
	Vitasoy International Holdings Ltd.		3,587,000		3,076,540
*	Vobile Group Ltd.		1,855,000		382,344
# * Ω	VPower Group International Holdings Ltd.		2,510,397		84,940
	VSTECS Holdings Ltd.		4,817,600		2,581,285
	VTech Holdings Ltd.		1,090,000		6,611,183
*	Wai Kee Holdings Ltd.		4,956,738		577,559
	Wang On Group Ltd.		41,740,000		176,204
*	Wealthink AI-Innovation Capital Ltd.		7,296,000		124,476
	Wing On Co. International Ltd.		759,000		1,162,588
	Wing Tai Properties Ltd.		2,187,331		609,696
	Xinyi Glass Holdings Ltd.		1,185,000		1,257,547
*	YT Realty Group Ltd.		1,968,124		80,485
	YTO International Express & Supply Chain Technology Ltd.		810,000		121,648
	Yue Yuen Industrial Holdings Ltd.		3,182,000		4,472,123
*	Yunfeng Financial Group Ltd.		612,000		58,835
*	Zensun Enterprises Ltd.		190,000		8,024
*	Zhaobangji Lifestyle Holdings Ltd.		2,104,000		48,950
TOTAL HONG KONG					256,903,700
NEW ZEALAND — (2.8%)
	AFT Pharmaceuticals Ltd.		34,226		64,019
	Air New Zealand Ltd.		6,045,691		2,184,609

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
NEW ZEALAND — (Continued)
	Arvida Group Ltd.		1,439,573	$	955,402
	Briscoe Group Ltd.		34,115		93,191
	Channel Infrastructure NZ Ltd.		939,281		853,667
	Chorus Ltd.		766,277		3,520,840
#	Colonial Motor Co. Ltd.		99,975		487,510
#	Comvita Ltd.		50,282		63,100
	Delegat Group Ltd.		6,400		25,232
# *	Eroad Ltd.		39,322		19,262
#	Freightways Group Ltd.		850,165		4,497,182
	Genesis Energy Ltd.		13,727		20,186
# *	Gentrack Group Ltd.		73,469		389,944
#	Hallenstein Glasson Holdings Ltd.		307,057		1,182,366
#	Heartland Group Holdings Ltd.		2,449,252		1,875,500
	Investore Property Ltd.		780,995		541,877
	KMD Brands Ltd.		2,439,406		802,382
#	Manawa Energy Ltd.		242,973		660,345
#	Millennium & Copthorne Hotels New Zealand Ltd.		354,679		366,862
#	Napier Port Holdings Ltd.		46,155		67,628
	NZME Ltd.		945,851		542,562
#	NZX Ltd.		1,720,946		1,078,268
	Oceania Healthcare Ltd.		2,113,804		796,944
# *	Pacific Edge Ltd.		1,413,438		71,640
#	PGG Wrightson Ltd.		124,704		162,461
	Rakon Ltd.		187,210		131,881
#	Restaurant Brands New Zealand Ltd.		145,379		303,686
* ††	RPNZ Ltd.		274,180		0
	Sanford Ltd.		352,347		806,568
	Scales Corp. Ltd.		436,710		874,153
#	Scott Technology Ltd.		53,845		90,078
*	Serko Ltd.		156,533		363,634
#	Skellerup Holdings Ltd.		783,212		2,114,777
	SKY Network Television Ltd.		433,058		731,551
	SKYCITY Entertainment Group Ltd.		2,974,002		3,700,107
	Steel & Tube Holdings Ltd.		575,667		358,401
	Summerset Group Holdings Ltd.		758,651		5,168,236
# *	Synlait Milk Ltd.		346,641		155,326
#	Tourism Holdings Ltd.		520,310		989,508
*	TOWER Ltd.		1,895,126		785,810
#	Turners Automotive Group Ltd.		117,856		323,931
# *	Vista Group International Ltd.		584,534		697,652
	Vulcan Steel Ltd.		8,513		46,784
#	Warehouse Group Ltd.		373,457		345,813
TOTAL NEW ZEALAND					39,310,875
SINGAPORE — (9.3%)
* ††	Abterra Ltd.		230,320		0
#	AEM Holdings Ltd.		787,400		1,277,177
# *	Avarga Ltd.		2,626,500		347,616
	Aztech Global Ltd.		606,700		458,381
*	Banyan Tree Holdings Ltd.		927,000		264,465
* ††	Best World International Ltd.		518,483		814,091
	Bonvests Holdings Ltd.		950,000		652,991
	Boustead Singapore Ltd.		2,032,082		1,444,340
	BRC Asia Ltd.		26,900		37,632
#	Bukit Sembawang Estates Ltd.		1,134,703		2,647,010

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
#	Bund Center Investment Ltd.		659,825	$	185,753
#	Capitaland India Trust		4,633,321		3,602,883
	Centurion Corp. Ltd.		1,377,400		433,677
	China Aviation Oil Singapore Corp. Ltd.		2,119,799		1,421,133
#	China Sunsine Chemical Holdings Ltd.		3,215,400		940,454
#	Chuan Hup Holdings Ltd.		3,341,700		458,045
	Civmec Ltd.		162,700		92,824
	ComfortDelGro Corp. Ltd.		9,516,700		9,865,236
# *	COSCO Shipping International Singapore Co. Ltd.		4,630,400		497,587
# *	Creative Technology Ltd.		285,050		255,422
	CSE Global Ltd.		2,559,660		814,989
#	Del Monte Pacific Ltd.		2,336,864		205,921
#	Delfi Ltd.		1,113,200		742,150
	DFI Retail Group Holdings Ltd.		82,700		177,830
#	Dyna-Mac Holdings Ltd.		1,402,700		390,287
# * ††	Ezion Holdings Ltd.		9,845,878		0
# * ††	Ezra Holdings Ltd.		6,762,986		0
	Far East Orchard Ltd.		1,191,395		882,040
	First Resources Ltd.		2,357,800		2,392,244
#	First Sponsor Group Ltd.		484,727		407,688
	Food Empire Holdings Ltd.		1,257,100		1,266,021
	Fraser & Neave Ltd.		328,300		252,908
	Frasers Property Ltd.		13,400		8,438
	Frencken Group Ltd.		1,050,200		1,298,955
	Fu Yu Corp. Ltd.		3,673,300		323,522
*	Gallant Venture Ltd.		5,386,600		518,111
#	Geo Energy Resources Ltd.		2,186,500		558,774
	Golden Agri-Resources Ltd.		30,691,400		6,138,235
	GP Industries Ltd.		181,509		69,891
	Grand Venture Technology Ltd.		34,200		13,047
	GuocoLand Ltd.		1,654,914		1,838,173
	Haw Par Corp. Ltd.		426,900		3,060,556
	Hiap Hoe Ltd.		498,000		242,202
#	Ho Bee Land Ltd.		1,438,100		1,810,469
	Hong Fok Corp. Ltd.		2,500,794		1,536,937
	Hong Leong Asia Ltd.		1,675,100		750,627
	Hong Leong Finance Ltd.		1,033,800		1,906,938
	Hotel Grand Central Ltd.		1,496,154		875,311
#	Hour Glass Ltd.		1,353,932		1,604,708
#	HRnetgroup Ltd.		386,200		207,334
	Hutchison Port Holdings Trust		21,258,900		2,675,518
# * ††	Hyflux Ltd.		3,238,900		0
	iFAST Corp. Ltd.		662,700		3,270,440
#	Indofood Agri Resources Ltd.		2,701,700		600,209
	InnoTek Ltd.		336,600		110,921
#	ISDN Holdings Ltd.		555,296		125,403
#	Japfa Ltd.		2,349,410		460,977
# * ††	Jurong Technologies Industrial Corp. Ltd.		2,227,680		0
	Keppel Infrastructure Trust		19,027,987		6,975,059
#	KSH Holdings Ltd.		1,278,300		241,822
	Low Keng Huat Singapore Ltd.		949,800		218,426
#	Mandarin Oriental International Ltd.		1,452,700		2,257,118
	Marco Polo Marine Ltd.		8,307,500		369,357
	Metro Holdings Ltd.		2,946,592		1,069,792
	Mewah International, Inc.		89,000		18,794
#	Micro-Mechanics Holdings Ltd.		131,000		132,895

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
SINGAPORE — (Continued)
# * ††	Midas Holdings Ltd.		8,576,553	$	0
*	mm2 Asia Ltd.		7,981,300		124,095
#	Nanofilm Technologies International Ltd.		884,300		468,104
	Netlink NBN Trust		3,856,900		2,442,177
#	NSL Ltd.		409,900		215,585
# *	Oceanus Group Ltd.		4,959,300		29,434
	Olam Group Ltd.		257,000		213,255
#	OUE Ltd.		1,920,100		1,549,956
# *	Oxley Holdings Ltd.		6,837,741		440,720
	Pacific Century Regional Developments Ltd.		179,000		42,449
	Pan-United Corp. Ltd.		1,866,350		607,740
#	Propnex Ltd.		860,600		586,356
	PSC Corp. Ltd.		1,339,819		352,561
#	Q&M Dental Group Singapore Ltd.		1,136,160		210,303
	QAF Ltd.		1,422,180		890,082
*	Raffles Education Ltd.		2,109,623		73,429
	Raffles Medical Group Ltd.		5,920,932		4,561,426
#	Rex International Holding Ltd.		1,408,400		136,151
	Riverstone Holdings Ltd.		1,080,100		680,068
	Samudera Shipping Line Ltd.		132,000		73,734
*	SATS Ltd.		2,765,867		5,326,362
#	SBS Transit Ltd.		741,200		1,426,741
	Sheng Siong Group Ltd.		3,654,500		4,141,409
	SHS Holdings Ltd.		1,436,100		127,638
	SIA Engineering Co. Ltd.		1,675,500		2,804,728
	Silverlake Axis Ltd.		1,034,000		168,489
#	Sinarmas Land Ltd.		7,118,700		854,044
#	Sing Holdings Ltd.		1,470,400		359,258
	Sing Investments & Finance Ltd.		526,012		397,451
	Singapore Land Group Ltd.		140,969		186,836
	Singapore Post Ltd.		6,335,200		1,970,943
#	Singapore Shipping Corp. Ltd.		1,642,504		292,018
	Stamford Land Corp. Ltd.		5,219,418		1,527,120
	StarHub Ltd.		3,901,300		3,409,495
	Straco Corp. Ltd.		130,000		47,390
	Straits Trading Co. Ltd.		468,700		510,306
# * ††	Swiber Holdings Ltd.		2,894,600		0
††	Swiber Holdings Ltd.		2,895,250		0
#	Thomson Medical Group Ltd.		4,131,300		159,120
	Tiong Woon Corp. Holding Ltd.		26,600		9,606
#	Tuan Sing Holdings Ltd.		4,314,132		798,941
	UMS Holdings Ltd.		2,570,568		2,569,806
	United Overseas Insurance Ltd.		168,150		749,853
	UOB-Kay Hian Holdings Ltd.		2,689,873		2,749,982
	Valuetronics Holdings Ltd.		2,599,050		1,106,977
	Venture Corp. Ltd.		844,800		8,929,035
#	Vicom Ltd.		557,500		574,001
	Wee Hur Holdings Ltd.		2,614,200		356,608
	Wing Tai Holdings Ltd.		2,970,967		3,102,127
#	Yeo Hiap Seng Ltd.		228,759		99,089
TOTAL SINGAPORE					132,970,752
TOTAL COMMON STOCKS					1,410,538,912

The Asia Pacific Small Company Series

CONTINUED

		Shares		Value»
RIGHTS/WARRANTS — (0.0%)
AUSTRALIA — (0.0%)
*	Arafura Rare Earths Ltd. Warrants 06/20/2025		429,204	$	15,663
*	Black Cat Syndicate Ltd. Warrants 11/14/2025		4,879		238
*	Highfield Resources Ltd. Warrants 06/19/2024		11,353		0
*	Imugene Ltd. Warrants 08/31/2026		214,096		8,371
*	Panoramic Resources Ltd. Warrants 09/16/2024		1,671,670		0
*	Paradigm Biopharmaceuticals Ltd. Warrants 11/30/2024		8,908		311
*	Peninsula Energy Ltd. Warrants 02/01/2025		988,446		16,103
# *	PointsBet Holdings Ltd. Warrants 07/08/2024		6,189		0
*	Rex Minerals Ltd. Warrants 08/09/2024		40,320		5,255
TOTAL AUSTRALIA					45,941
SINGAPORE — (0.0%)
*	Ezion Holdings Ltd.		4,459,201		0
TOTAL RIGHTS/WARRANTS					45,941
TOTAL INVESTMENT SECURITIES (Cost $1,498,026,423)					1,410,584,853

			Value†
SECURITIES LENDING COLLATERAL — (0.8%)
@ §	The DFA Short Term Investment Fund	936,898		10,838,971
TOTAL INVESTMENTS — (100.0%) (Cost $1,508,864,561)^^			$	1,421,423,824

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.
^^	See Federal Tax Cost Note within the Notes to Schedules of Investments.

Summary of the Series' investments as of March 31, 2024, 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	$	16,881	$	980,001,999	$	673,566		$	980,692,446
China		—		661,139		—			661,139
Hong Kong		—		256,661,119		242,581			256,903,700
New Zealand		—		39,310,875		—			39,310,875
Singapore		—		132,156,661		814,091			132,970,752
Rights/Warrants
Australia		—		45,941		—			45,941
Securities Lending Collateral		—		10,838,971		—			10,838,971
TOTAL	$	16,881	$	1,419,676,705		$1,730,238	<>	$	1,421,423,824

The Asia Pacific Small Company Series

CONTINUED

<>  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

March 31, 2024

(Unaudited)

		Shares		Value»
COMMON STOCKS — (98.6%)
COMMUNICATION SERVICES — (4.5%)
	4imprint Group PLC		170,419	$	13,605,368
Ω	Airtel Africa PLC		1,757,793		2,350,321
# *	Ascential PLC		2,361,015		9,039,069
	Bloomsbury Publishing PLC		386,929		2,575,425
	Centaur Media PLC		254,249		126,749
	Future PLC		280,976		2,175,787
	Gamma Communications PLC		274,207		4,734,960
*	Helios Towers PLC		2,375,284		2,829,601
	ITV PLC		18,733,766		17,482,553
	Moneysupermarket.com Group PLC		3,603,652		9,994,709
#	Next 15 Group PLC		201,496		2,345,811
*	Nexxen International Ltd.		169,671		449,538
*	Nexxen International Ltd., ADR		2,906		15,169
	Reach PLC		1,780,182		1,767,382
	Rightmove PLC		335,804		2,327,545
*	S4 Capital PLC		542,896		360,530
	STV Group PLC		4,918		14,558
	Team Internet Group PLC		392,131		716,029
TOTAL COMMUNICATION SERVICES					72,911,104
CONSUMER DISCRETIONARY — (19.1%)
*	AO World PLC		200,168		254,088
# *	ASOS PLC		68,338		329,765
* Ω	Aston Martin Lagonda Global Holdings PLC		1,067,735		2,282,588
*	Auction Technology Group PLC		155,039		1,209,067
	Bellway PLC		614,466		20,612,710
# *	boohoo Group PLC		2,284,135		1,035,188
*	Card Factory PLC		1,523,555		1,775,747
	Coats Group PLC		6,831,590		6,990,865
	Crest Nicholson Holdings PLC		1,406,155		3,423,325
*	Currys PLC		5,587,628		4,282,789
	DFS Furniture PLC		1,163,644		1,621,165
	Domino's Pizza Group PLC		3,097,499		13,458,109
	Dowlais Group PLC		2,425,884		2,389,485
	Dr Martens PLC		1,328,615		1,475,440
	Dunelm Group PLC		703,134		10,075,004
*	Frasers Group PLC		892,504		9,158,284
	Fuller Smith & Turner PLC, Class A		157,340		1,169,557
	Games Workshop Group PLC		185,280		23,481,633
	Greggs PLC		616,518		22,363,084
* Ω	Gym Group PLC		907,327		1,312,227
	Halfords Group PLC		1,211,456		2,446,877
	Headlam Group PLC		454,367		1,010,560
	Henry Boot PLC		527,600		1,195,426
	Hollywood Bowl Group PLC		514,560		2,139,894
* Ω	Hostelworld Group PLC		94,092		184,851
	Inchcape PLC		2,224,738		20,368,467
*	J D Wetherspoon PLC		597,909		5,541,170
* Ω	Just Eat Takeaway.com NV		81,499		1,207,860

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
CONSUMER DISCRETIONARY — (Continued)
	Kingfisher PLC		3,610,541	$	11,363,366
*	Marston's PLC		3,528,240		1,260,923
	Me Group International PLC		1,581,235		3,324,645
*	Mitchells & Butlers PLC		1,853,685		5,279,143
	MJ Gleeson PLC		260,575		1,577,100
*	Moonpig Group PLC		388,036		828,056
*	Motorpoint group PLC		51,520		86,900
*	N Brown Group PLC		447,329		90,529
* Ω	On the Beach Group PLC		449,814		938,188
	Persimmon PLC		1,127,300		18,691,187
	Pets at Home Group PLC		3,234,580		10,962,513
*	Pinewood Technologies Group PLC		5,237,113		2,537,574
*	Playtech PLC		1,318,371		7,673,503
	PPHE Hotel Group Ltd.		18,873		337,399
*	Rank Group PLC		1,110,924		964,974
	Redrow PLC		1,640,617		13,759,208
	Smiths News PLC		43,375		26,215
	SSP Group PLC		3,886,783		10,732,414
# * ††	Studio Retail Group PLC		220,669		0
	Taylor Wimpey PLC		117,296		202,789
*	THG PLC		2,758,259		2,404,747
Ω	TI Fluid Systems PLC		1,099,743		2,000,744
	Topps Tiles PLC		723,089		411,991
* Ω	Trainline PLC		203,433		950,581
*	TUI AG		46,626		384,018
	Vertu Motors PLC		1,526,243		1,302,091
	Victorian Plumbing Group PLC		16,385		16,369
	Videndum PLC		305,302		1,114,621
	Vistry Group PLC		1,658,004		25,744,605
* Ω	Watches of Switzerland Group PLC		929,365		4,203,669
	WH Smith PLC		681,162		11,344,080
	Wickes Group PLC		1,736,927		3,406,324
	Young & Co.'s Brewery PLC, Class A		26,907		332,231
TOTAL CONSUMER DISCRETIONARY					307,047,922
CONSUMER STAPLES — (7.3%)
	AG Barr PLC		751,064		5,519,383
	Anglo-Eastern Plantations PLC		126,037		1,105,436
Ω	Bakkavor Group PLC		785,442		1,070,474
	Britvic PLC		1,626,728		16,848,164
	C&C Group PLC		1,987,116		4,100,652
	Carr's Group PLC		357,844		516,271
	Cranswick PLC		366,623		18,972,882
	Fevertree Drinks PLC		112,643		1,706,532
*	Greencore Group PLC		2,410,541		3,624,724
	Hilton Food Group PLC		375,367		3,986,219
	Kitwave Group PLC		17,362		81,534
	Marks & Spencer Group PLC		9,096,384		30,462,604
*	McBride PLC		920,906		1,155,623
	MP Evans Group PLC		7,544		77,275
	Premier Foods PLC		4,712,428		8,874,994
	PZ Cussons PLC		1,352,766		1,525,530
	Tate & Lyle PLC		2,282,146		17,773,585
TOTAL CONSUMER STAPLES					117,401,882

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (2.6%)
	Capricorn Energy PLC		1,269,828	$	2,805,889
#	Diversified Energy Co. PLC		184,470		2,211,756
#	Energean PLC		566,913		7,822,610
*	EnQuest PLC		9,232,372		1,642,765
#	Genel Energy PLC		1,069,021		1,122,208
# *	Gulf Keystone Petroleum Ltd.		1,210,680		1,730,427
*	Gulf Marine Services PLC		204,026		50,678
	Harbour Energy PLC		3,023,230		10,528,962
	Hunting PLC		833,050		3,479,958
*	John Wood Group PLC		3,699,401		6,170,891
# *	Pantheon Resources PLC		88,116		29,398
	Pharos Energy PLC		1,523,473		404,453
*	Savannah Energy PLC		388,799		128,815
	Serica Energy PLC		458,457		1,092,378
# *	Tullow Oil PLC		6,815,516		2,670,493
TOTAL ENERGY					41,891,681
FINANCIALS — (20.8%)
	abrdn PLC		6,302,801		11,227,655
	AJ Bell PLC		1,346,690		5,124,634
	Ashmore Group PLC		2,416,082		5,980,349
	Bank of Georgia Group PLC		269,724		17,163,539
	Beazley PLC		3,371,873		28,353,760
Ω	Bridgepoint Group PLC		258,726		846,705
	Brooks Macdonald Group PLC		1,612		36,811
	Burford Capital Ltd.		1,040,043		16,301,137
	Chesnara PLC		890,316		2,957,650
	Close Brothers Group PLC		822,115		4,342,181
Ω	CMC Markets PLC		602,174		1,653,307
*	Direct Line Insurance Group PLC		6,636,380		16,332,786
	Foresight Group Holdings Ltd.		46,456		260,926
* Ω	Funding Circle Holdings PLC		104,248		57,297
*	Georgia Capital PLC		52,591		880,507
	H&T Group PLC		2,590		12,176
	Hargreaves Lansdown PLC		1,527,918		14,180,672
	Hiscox Ltd.		1,713,988		26,851,238
	IG Group Holdings PLC		1,903,515		17,563,132
	Impax Asset Management Group PLC		289,903		1,699,768
	IntegraFin Holdings PLC		877,459		3,072,206
	International Personal Finance PLC		1,112,997		1,531,545
	IP Group PLC		5,472,447		3,291,319
	Jupiter Fund Management PLC		2,164,243		2,421,893
	Just Group PLC		6,132,726		8,136,551
	Lancashire Holdings Ltd.		1,513,280		11,803,979
	Liontrust Asset Management PLC		187,456		1,590,024
	Man Group PLC		7,658,922		25,838,121
# *	Metro Bank Holdings PLC		164,184		66,728
	Mortgage Advice Bureau Holdings Ltd.		2,813		32,268
* Ω	Network International Holdings PLC		232,907		1,155,137
	Ninety One PLC		1,590,112		3,424,650
	OSB Group PLC		2,134,752		10,197,831
	Paragon Banking Group PLC		1,921,607		16,753,545
	PayPoint PLC		243,983		1,500,071
	Plus500 Ltd.		559,488		12,749,561
	Polar Capital Holdings PLC		348,110		2,002,331

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
Ω	Quilter PLC		7,650,691	$	10,351,303
	Rathbones Group PLC		316,206		6,179,639
	Record PLC		18,948		15,299
	S&U PLC		32,376		767,003
Ω	Sabre Insurance Group PLC		511,162		1,159,238
*	Saga PLC		575,705		887,835
	St. James's Place PLC		620,616		3,640,950
	TBC Bank Group PLC		153,363		6,221,314
	TP ICAP Group PLC		3,839,814		10,915,336
	Vanquis Banking Group PLC		1,270,872		846,391
	Virgin Money U.K. PLC		5,748,672		15,521,984
	Waterloo Investment Holdings Ltd.		4,000		1,400
	XPS Pensions Group PLC		85,223		248,735
TOTAL FINANCIALS					334,150,417
HEALTH CARE — (2.3%)
	Advanced Medical Solutions Group PLC		572,058		1,415,859
#	Alliance Pharma PLC		2,234,721		1,122,129
	CVS Group PLC		389,403		4,786,999
	EKF Diagnostics Holdings PLC		79,384		27,692
	Genus PLC		17,651		392,620
	Hikma Pharmaceuticals PLC		486,347		11,765,208
*	Indivior PLC		422,554		9,030,181
* Ω	Integrated Diagnostics Holdings PLC		1,249,693		492,768
	NIOX Group PLC		202,629		163,490
*	Oxford Biomedica PLC		5,730		14,502
*	Oxford Nanopore Technologies PLC		303,335		465,040
# *	PureTech Health PLC		580,526		1,626,831
Ω	Spire Healthcare Group PLC		1,989,285		5,818,456
*	Trellus Health PLC		1,632		46
TOTAL HEALTH CARE					37,121,821
INDUSTRIALS — (25.0%)
	Ashtead Technology Holdings PLC		49,074		470,657
	Avon Rubber PLC		173,710		2,370,079
	Babcock International Group PLC		2,576,317		16,907,392
	Balfour Beatty PLC		3,585,302		17,299,142
	Begbies Traynor Group PLC		60,262		81,425
	Bodycote PLC		1,185,696		10,392,460
#	Braemar PLC		83,994		278,781
*	Capita PLC		8,481,602		1,412,393
# *	Ceres Power Holdings PLC		16,384		29,440
	Chemring Group PLC		1,544,588		7,062,825
	Clarkson PLC		214,590		10,868,324
	Costain Group PLC		333,308		314,824
*	De La Rue PLC		451,647		465,882
# *	Dialight PLC		89,929		197,916
	Diploma PLC		406,243		19,081,817
	DiscoverIE Group PLC		548,298		5,225,172
	easyJet PLC		966,101		6,953,970
	Firstgroup PLC		3,158,174		7,195,635
	Galliford Try Holdings PLC		537,513		1,633,373
	Genuit Group PLC		1,378,745		7,658,619
	Goodwin PLC		246		16,729
	Grafton Group PLC		1,489,341		18,828,725

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
	Hays PLC		8,744,520	$	10,440,571
	Howden Joinery Group PLC		1,961,497		22,453,601
	IMI PLC		455,444		10,433,663
††	Industrial & Commercial Bank of China Ltd.		5,000		0
*	International Distributions Services PLC		3,658,794		10,575,424
*	James Fisher & Sons PLC		205,009		675,043
	James Halstead PLC		159,970		405,095
	JET2 PLC		813,756		14,813,113
	Johnson Service Group PLC		964,720		1,598,414
	Keller Group PLC		514,763		6,808,913
*	Kier Group PLC		2,010,758		3,346,605
	Learning Technologies Group PLC		400,539		432,312
Ω	Luceco PLC		284,627		499,749
	Mears Group PLC		777,591		3,619,928
	Mitie Group PLC		8,157,936		10,794,735
	Mobico Group PLC		3,075,182		2,699,414
	Morgan Advanced Materials PLC		1,884,645		6,772,913
	Morgan Sindall Group PLC		293,286		8,588,367
	Norcros PLC		155,422		360,898
	Pagegroup PLC		1,978,421		11,198,097
	Porvair PLC		18,060		141,535
	QinetiQ Group PLC		3,297,003		15,187,884
	Redde Northgate PLC		1,519,745		7,307,298
	Renew Holdings PLC		132,217		1,542,841
*	Renewi PLC		444,844		3,222,258
	Ricardo PLC		317,822		1,829,606
	Robert Walters PLC		391,393		2,008,579
	Rotork PLC		4,453,609		18,492,281
	RS Group PLC		1,357,016		12,442,594
	RWS Holdings PLC		719,560		1,701,334
	Senior PLC		2,429,830		5,424,444
	Serco Group PLC		6,263,031		14,995,453
	Severfield PLC		1,107,512		764,707
*	SIG PLC		4,065,613		1,499,373
#	Smart Metering Systems PLC		529,721		6,364,428
	Speedy Hire PLC		2,690,870		862,526
	SThree PLC		925,041		5,015,407
	TClarke PLC		64,836		101,164
	Travis Perkins PLC		1,218,528		11,216,534
	Trifast PLC		524,611		494,705
	Tyman PLC		1,077,281		3,928,889
	Vesuvius PLC		1,604,552		10,009,821
	Volex PLC		576,385		2,093,794
	Volution Group PLC		871,266		4,767,333
	Vp PLC		153,784		1,064,637
	Wilmington PLC		342,038		1,504,206
	Wincanton PLC		680,344		5,144,242
	XP Power Ltd.		55,148		760,512
TOTAL INDUSTRIALS					401,150,820
INFORMATION TECHNOLOGY — (5.3%)
*	Accesso Technology Group PLC		14,495		97,989
Ω	Alfa Financial Software Holdings PLC		22,791		48,786
	Bytes Technology Group PLC		845,509		5,455,832
	Computacenter PLC		501,247		17,041,918

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
INFORMATION TECHNOLOGY — (Continued)
*	Darktrace PLC		734,202	$	4,052,507
	dotdigital group PLC		505,544		546,592
	FDM Group Holdings PLC		466,532		2,026,205
*	Fund Technologies PLC		60,340		932,334
	GB Group PLC		437,487		1,504,426
	Gooch & Housego PLC		6,822		44,738
	IDOX PLC		140,149		110,733
	iomart Group PLC		332,032		608,461
# *	IQE PLC		2,857,562		756,525
	Kainos Group PLC		514,937		6,296,825
	Keywords Studios PLC		61,095		1,002,870
*	Kin & Carta PLC		271,302		440,920
	NCC Group PLC		1,596,111		2,504,244
	Oxford Instruments PLC		356,001		9,515,306
	Renishaw PLC		3,601		192,641
*	RM PLC		313,273		217,297
	Softcat PLC		721,394		14,491,445
	Spectris PLC		107,149		4,458,441
	Spirent Communications PLC		3,744,181		9,472,237
	Strix Group PLC		312,276		270,363
	TT Electronics PLC		1,136,948		2,275,093
*	Xaar PLC		553,856		740,738
TOTAL INFORMATION TECHNOLOGY					85,105,466
MATERIALS — (6.7%)
*	Accsys Technologies PLC		9,505		7,230
	Atalaya Mining PLC		35,460		173,493
	Breedon Group PLC		999,206		4,838,566
	Capital Ltd.		59,308		67,542
	Castings PLC		172,431		721,667
	Centamin PLC		8,657,968		12,330,610
	Central Asia Metals PLC		859,404		2,138,185
	DS Smith PLC		3,428,619		17,150,452
	Ecora Resources PLC		1,136,043		1,098,003
*	Elementis PLC		3,736,682		6,999,532
	Essentra PLC		1,595,688		3,544,307
*	Ferrexpo PLC		384		211
Ω	Forterra PLC		1,125,378		2,444,032
	Fresnillo PLC		692,021		4,098,591
*	Gem Diamonds Ltd.		312,102		33,825
	Hill & Smith PLC		552,541		13,648,700
*	Hochschild Mining PLC		1,655,440		2,653,584
Ω	Ibstock PLC		2,241,450		4,262,619
	Johnson Matthey PLC		675,589		15,267,183
	Marshalls PLC		610,209		2,112,879
	Pan African Resources PLC		6,135,923		1,745,027
*	Petra Diamonds Ltd.		17,531		8,950
	RHI Magnesita NV		10,540		469,053
*	Sigmaroc PLC		555,903		477,510
*	SolGold PLC		1,728,262		231,050
# *	Synthomer PLC		751,394		2,471,884
	Treatt PLC		22,859		122,800
	Victrex PLC		455,636		7,474,685
	Zotefoams PLC		107,318		517,937
TOTAL MATERIALS					107,110,107

The United Kingdom Small Company Series

CONTINUED

		Shares		Value»
REAL ESTATE — (2.7%)
	Foxtons Group PLC		1,480,091	$	1,022,372
	Grainger PLC		4,254,403		13,834,930
	Harworth Group PLC		30,381		53,100
	Helical PLC		159,645		418,844
*	IWG PLC		3,772,770		9,174,552
	LSL Property Services PLC		428,902		1,442,457
*	Phoenix Spree Deutschland Ltd.		15,813		30,244
	Savills PLC		971,680		13,092,075
	Sirius Real Estate Ltd.		3,412,853		4,219,305
	Watkin Jones PLC		1,032,515		530,761
TOTAL REAL ESTATE					43,818,640
UTILITIES — (2.3%)
	Drax Group PLC		2,467,126		15,653,662
	Pennon Group PLC		1,497,540		12,229,443
	Telecom Plus PLC		438,901		9,031,327
TOTAL UTILITIES					36,914,432
TOTAL COMMON STOCKS Cost ($1,403,135,850)					1,584,624,292
				Value†
SECURITIES LENDING COLLATERAL — (1.4%)
@ §	The DFA Short Term Investment Fund		1,980,567		22,913,179
TOTAL INVESTMENTS — (100.0%) (Cost $1,426,047,242)^^				$	1,607,537,471

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.
#	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 March 31, 2024, based on their valuation inputs, is as follows (see Security Valuation Note):

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	15,169	$	72,895,935		—	$	72,911,104
Consumer Discretionary		—		307,047,922		—		307,047,922
Consumer Staples		—		117,401,882		—		117,401,882
Energy		—		41,891,681		—		41,891,681
Financials		—		334,150,417		—		334,150,417
Health Care		—		37,121,821		—		37,121,821
Industrials		—		401,150,820		—		401,150,820

The United Kingdom Small Company Series

CONTINUED

	Investments in Securities (Market Value)
	Level 1		Level 2		Level 3		Total
Information Technology		—	$	85,105,466		—	$	85,105,466
Materials		—		107,110,107		—		107,110,107
Real Estate		—		43,818,640		—		43,818,640
Utilities		—		36,914,432		—		36,914,432
Securities Lending Collateral		—		22,913,179		—		22,913,179
TOTAL	$	15,169	$	1,607,522,302		—	$	1,607,537,471

The Continental Small Company Series

SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

		Shares		Value»
COMMON STOCKS — (94.2%)
AUSTRIA — (3.2%)
	Agrana Beteiligungs AG		73,256	$	1,106,542
	ANDRITZ AG		432,017		26,926,229
#	AT&S Austria Technologie & Systemtechnik AG		178,771		3,730,019
Ω	BAWAG Group AG		434,580		27,505,195
	CA Immobilien Anlagen AG		189,696		6,687,043
	DO & Co. AG		46,689		6,965,341
*	Eurotelesites AG		289,656		1,157,848
	EVN AG		246,314		6,509,564
# *	FACC AG		115,029		789,305
*	Immofinanz AG		96,097		2,340,807
	Immofinanz AG		681,827		0
	Josef Manner & Comp AG		870		101,327
*	Kapsch TrafficCom AG		29,728		272,552
# *	Lenzing AG		103,680		3,583,065
	Mayr Melnhof Karton AG		56,716		7,069,193
	Oberbank AG		44,662		3,353,722
	Oesterreichische Post AG		118,889		4,059,707
	Palfinger AG		91,619		2,279,385
#	POLYTEC Holding AG		106,063		383,367
	Porr AG		98,841		1,513,500
	Raiffeisen Bank International AG		241,731		4,811,379
*	Rosenbauer International AG		20,672		628,448
	Schoeller-Bleckmann Oilfield Equipment AG		55,898		2,671,408
	Semperit AG Holding		44,844		593,223
	Strabag SE		1,762		74,227
	Telekom Austria AG		1,158,627		9,683,273
	UBM Development AG		21,002		425,694
	UNIQA Insurance Group AG		907,621		7,839,365
	Vienna Insurance Group AG Wiener Versicherung Gruppe		287,577		8,961,381
	voestalpine AG		625,521		17,547,785
	Wienerberger AG		687,303		25,035,559
	Zumtobel Group AG		157,714		981,867
TOTAL AUSTRIA					185,587,320
BELGIUM — (3.3%)
	Ackermans & van Haaren NV		169,888		29,701,928
	Ageas SA		17,374		804,861
*	AGFA-Gevaert NV		837,512		1,201,556
#	Atenor		117,970		848,808
	Azelis Group NV		100,916		2,131,574
	Barco NV		464,377		7,651,671
	Bekaert SA		252,469		12,945,577
# * †† Ω	Biocartis Group NV		357,370		0
	bpost SA		469,452		1,754,413
	Cie d'Entreprises CFE		49,898		385,260
	Colruyt Group NV		311,426		14,396,615
	Deceuninck NV		464,892		1,131,181
	Deme Group NV		52,928		8,467,593
	Econocom Group SA		516,320		1,182,719
# *	Euronav NV		44,428		738,838
	EVS Broadcast Equipment SA		71,831		2,585,113
	Fagron		365,547		6,964,545
*	Galapagos NV		236,921		7,589,762
	Gimv NV		127,837		6,141,256
	Greenyard NV		2,890		15,863

The Continental Small Company Series

CONTINUED

		Shares		Value»
BELGIUM — (Continued)
#	Immobel SA		23,226	$	726,947
#	Ion Beam Applications		116,108		1,640,865
	Jensen-Group NV		20,961		835,217
	Kinepolis Group NV		92,649		4,251,238
	Lotus Bakeries NV		2,257		21,790,881
	Melexis NV		125,120		10,132,307
*	Ontex Group NV		369,383		3,122,981
	Proximus SADP		825,378		6,675,051
#	Recticel SA		272,024		3,207,767
	Roularta Media Group NV		7,618		82,938
	Sipef NV		38,999		2,332,764
	Solvay SA		128,188		3,498,459
	Tessenderlo Group SA		164,754		4,310,215
	Umicore SA		671,603		14,479,484
	Van de Velde NV		45,864		1,683,502
	VGP NV		47,344		5,419,049
	Viohalco SA		498,361		3,006,144
	What's Cooking BV		3,904		337,973
TOTAL BELGIUM					194,172,915
DENMARK — (6.7%)
*	ALK-Abello AS		882,799		15,922,681
	Alm Brand AS		6,011,145		11,461,184
# *	Ambu AS, Class B		575,529		9,472,073
*	Bang & Olufsen AS		599,792		809,198
	BankNordik P		10,800		238,663
# *	Bavarian Nordic AS		456,154		10,218,419
	cBrain AS		29,474		1,612,593
	Chemometec AS		90,601		5,580,622
#	Columbus AS		490,087		569,186
	D/S Norden AS		196,785		8,042,608
	Dfds AS		203,673		5,920,761
#	Djurslands Bank AS		6,232		496,032
	FLSmidth & Co. AS		314,074		15,689,813
#	Fluegger Group AS		4,198		207,080
*	GN Store Nord AS		614,024		16,240,222
#	GronlandsBANKEN AS		1,125		105,702
	H Lundbeck AS		1,517,470		7,308,785
	H Lundbeck AS, Class A		25,600		106,286
# *	H&H International AS, Class B		92,234		932,532
*	Harboes Bryggeri AS, Class B		5,094		64,142
#	ISS AS		945,132		17,219,193
	Jeudan AS		40,415		1,289,592
	Jyske Bank AS		425,821		36,069,420
#	Lan & Spar Bank		4,895		495,963
	Matas AS		279,854		4,744,303
# * Ω	Netcompany Group AS		209,817		8,672,813
*	Nilfisk Holding AS		100,764		2,064,839
*	NKT AS		367,425		30,396,143
# * Ω	NNIT AS		71,567		1,120,836
	North Media AS		5,372		49,772
# *	NTG Nordic Transport Group AS		28,806		1,174,399
#	Parken Sport & Entertainment AS		11,952		220,470
	Per Aarsleff Holding AS		134,696		6,722,182
	Ringkjoebing Landbobank AS		195,913		34,350,226
	Rockwool AS, Class A		649		211,726
	Rockwool AS, Class B		12,655		4,163,815
	Royal Unibrew AS		312,981		20,709,589
# *	RTX AS		44,919		632,550

The Continental Small Company Series

CONTINUED

		Shares		Value»
DENMARK — (Continued)
Ω	Scandinavian Tobacco Group AS		452,246	$	8,088,838
	Schouw & Co. AS		90,827		7,000,683
	Solar AS, Class B		34,913		1,683,034
	SP Group AS		7,224		227,009
	Spar Nord Bank AS		607,698		10,143,178
	Sparekassen Sjaelland-Fyn AS		4,528		139,682
	Sydbank AS		452,041		23,434,704
*	TCM Group AS		2,578		19,154
#	Tivoli AS		9,878		1,054,424
	Topdanmark AS		358,334		15,312,321
	TORM PLC, Class A		242,573		8,240,435
	UIE PLC		103,360		3,257,718
*	Zealand Pharma AS		271,476		26,889,672
TOTAL DENMARK					386,797,265
FINLAND — (4.8%)
	Aktia Bank OYJ		339,023		3,663,926
#	Alandsbanken Abp, Class B		23,036		874,467
	Alma Media OYJ		135,302		1,439,445
	Anora Group OYJ		17,444		100,818
	Apetit OYJ		21,105		312,132
	Aspo OYJ		108,218		709,641
	Atria OYJ		98,413		1,029,021
#	Bittium OYJ		192,809		1,127,283
	Cargotec OYJ, Class B		271,845		18,954,203
#	Citycon OYJ		466,756		1,926,245
	Digia OYJ		87,143		483,899
	Elisa OYJ		27,593		1,230,189
Ω	Enento Group OYJ		8,442		157,130
*	Finnair OYJ		662,496		2,095,839
#	Fiskars OYJ Abp		215,530		3,992,144
	F-Secure OYJ		678,721		1,372,886
	Glaston OYJ Abp		9,217		8,453
	Gofore OYJ		574		13,261
	Harvia OYJ		76,334		3,154,956
# *	HKScan OYJ, Class A		234,984		173,530
	Huhtamaki OYJ		631,957		26,466,923
	Ilkka OYJ		58,887		207,360
	Kamux Corp.		59,097		369,950
	Kemira OYJ		741,189		14,011,354
#	Kesko OYJ, Class B		133,596		2,497,446
*	Kojamo OYJ		641,793		7,605,833
	Konecranes OYJ		435,511		22,605,684
#	Lassila & Tikanoja OYJ		159,902		1,517,524
*	Lindex Group OYJ		14,220		49,606
	Marimekko OYJ		59,153		793,203
#	Metsa Board OYJ, Class B		1,192,468		9,033,978
	Nokian Renkaat OYJ		703,018		6,622,217
	Olvi OYJ, Class A		95,777		3,183,097
	Oma Saastopankki OYJ		12,155		262,197
	Oriola OYJ		6,054		7,261
#	Oriola OYJ, Class B		808,151		885,711
	Orion OYJ, Class B		651,111		24,271,371
#	Outokumpu OYJ		2,101,252		9,140,508
*	Pihlajalinna OYJ		83,458		684,431
	Ponsse OYJ		71,199		1,813,888
	Puuilo OYJ		51,140		546,762
*	QT Group OYJ		86,351		7,126,273
	Raisio OYJ, Class V		689,156		1,524,088

The Continental Small Company Series

CONTINUED

		Shares		Value»
FINLAND — (Continued)
	Rapala VMC OYJ		116,693	$	346,206
	Revenio Group OYJ		130,109		3,574,983
	Sanoma OYJ		471,854		3,463,628
	Scanfil OYJ		2,904		26,185
	Taaleri PLC		8,120		90,621
#	Talenom OYJ		7,120		45,588
*	Teleste OYJ		52,966		182,195
# Ω	Terveystalo OYJ		363,953		2,959,298
	TietoEVRY OYJ		586,911		12,419,329
	Tokmanni Group Corp.		324,373		5,312,126
	Vaisala OYJ, Class A		125,505		5,134,981
#	Valmet OYJ		885,247		23,303,466
*	Verkkokauppa.com OYJ		13,945		35,620
#	Viking Line Abp		11,073		249,550
	Wartsila OYJ Abp		2,286,733		34,752,656
# *	WithSecure OYJ		528,284		605,777
#	YIT OYJ		680,060		1,427,568
TOTAL FINLAND					277,975,910
FRANCE — (11.2%)
#	ABC arbitrage		147,890		611,177
# *	Air France-KLM		213,395		2,375,518
	AKWEL SADIR		61,346		973,133
Ω	ALD SA		65,207		460,988
#	Alstom SA		720,365		10,969,985
	Altamir		136,094		3,603,666
	Alten SA		154,146		22,497,079
	Arkema SA		124,123		13,067,624
	Assystem SA		61,561		3,904,851
# *	Atos SE		463,767		945,567
	Aubay		43,296		1,901,828
#	Axway Software SA		39,876		1,131,845
# *	Bastide le Confort Medical		18,680		283,964
	Beneteau SACA		262,633		3,870,465
# *	Bigben Interactive		85,998		259,655
	Boiron SA		33,957		1,232,316
	Bonduelle SCA		103,735		840,961
* ††	Bourbon Corp. SA		28,851		0
	Catana Group		47,853		242,594
*	Cegedim SA		39,170		548,712
*	CGG SA		4,602,240		1,994,273
	Cie des Alpes		129,059		1,879,306
	Cie Plastic Omnium SE		375,641		4,891,774
# *	Claranova SE		66,462		185,400
#	Clariane SE		461,522		733,134
	Coface SA		763,755		12,073,037
	Derichebourg SA		681,103		3,236,995
# *	Ekinops SAS		7,393		29,764
#	Electricite de Strasbourg SA		21,112		2,608,061
# * Ω	Elior Group SA		767,090		2,050,749
	Elis SA		1,272,724		28,927,002
	Equasens		12,616		697,991
#	Eramet SA		62,267		4,729,805
	Esso SA Francaise		4,763		643,747
	Etablissements Maurel et Prom SA		404,715		2,447,338
	Eurazeo SE		192,241		16,845,050
*	Euroapi SA		108,008		325,668
# *	Eutelsat Communications SACA		1,169,230		5,095,290
*	Exclusive Networks SA		12,881		305,600

The Continental Small Company Series

CONTINUED

		Shares		Value»
FRANCE — (Continued)
	Exel Industries SA, Class A		10,459	$	630,068
	Fnac Darty SA		74,524		2,335,008
*	Forvia SE		1,075,585		16,296,545
*	Gaumont SA		10,715		1,115,342
	Gaztransport Et Technigaz SA		192,390		28,764,615
#	GEA		2,433		255,943
	GL Events SACA		56,164		1,156,977
	Groupe Crit SA		22,324		1,729,557
	Groupe SFPI		21,754		44,602
	Guerbet		35,476		1,257,165
# *	Haulotte Group SA		73,020		187,525
*	ID Logistics Group SACA		16,065		6,129,276
	Imerys SA		215,458		7,339,996
	Infotel SA		637		32,281
	Interparfums SA		27,073		1,525,321
	IPSOS SA		294,938		20,792,989
	Jacquet Metals SACA		90,380		1,797,321
*	JCDecaux SE		295,075		5,727,886
	Kaufman & Broad SA		104,118		3,035,553
Ω	La Francaise des Jeux SAEM		110,098		4,487,340
	Laurent-Perrier		14,168		1,841,433
	Lectra		32,033		1,117,907
	Linedata Services		3,353		247,467
	LISI SA		45,202		1,153,409
#	LNA Sante SA		32,778		722,747
# Ω	Maisons du Monde SA		173,243		811,573
	Manitou BF SA		64,454		1,764,576
# *	McPhy Energy SA		3,521		7,212
	Mersen SA		152,413		6,001,460
	Metropole Television SA		167,187		2,492,320
# *	Nacon SA		48,706		67,330
Ω	Neoen SA		172,723		4,889,678
	Nexans SA		195,817		20,470,961
#	Nexity SA		289,837		2,963,861
	NRJ Group		87,189		739,283
	Oeneo SA		88,742		986,313
# *	OVH Groupe SAS		15,608		162,912
# *	Pierre Et Vacances SA		23,344		32,279
*	Plastiques Du Val De Loire		14,341		42,990
	Quadient SA		220,199		4,528,650
* ††	Recylex SA		102,008		0
	Rexel SA		1,258,287		33,989,882
	Robertet SA		489		420,934
	Rubis SCA		652,775		23,046,992
	Samse SACA		7,930		1,577,093
	Savencia SA		35,032		1,935,216
	SCOR SE		865,645		29,966,469
	SEB SA		130,517		16,698,690
	Seche Environnement SACA		21,328		2,605,587
	SES SA		2,144,185		14,291,832
# * Ω	SMCP SA		78,239		196,703
	Societe BIC SA		148,190		10,589,097
#	Societe des Bains de Mer et du Cercle des Etrangers a Monaco		37,677		4,179,655
	Societe LDC SADIR		82		12,022
*	SOITEC		50,026		5,165,874
	Sopra Steria Group		118,375		28,687,356
	SPIE SA		882,098		33,158,535
# * Ω	SRP Groupe SA		56,827		57,984
	Stef SA		25,714		3,782,876

The Continental Small Company Series

CONTINUED

		Shares		Value»
FRANCE — (Continued)
	Sword Group		40,282	$	1,636,989
	Synergie SE		67,764		2,331,734
	Technip Energies NV		728,396		18,426,375
	Teleperformance SE		71,995		6,993,212
	Television Francaise 1 SA		378,959		3,461,537
	TFF Group		9,441		435,865
	Thermador Groupe		38,326		3,653,015
#	Tikehau Capital SCA		41,123		902,888
	Totalenergies EP Gabon		2,570		465,198
	Trigano SA		58,606		10,308,137
*	Ubisoft Entertainment SA		566,224		11,909,945
	Valeo SE		1,268,309		15,856,757
*	Vallourec SACA		894,589		16,616,580
# *	Vantiva SA		81,942		12,357
Ω	Verallia SA		413,526		16,077,441
	Vetoquinol SA		11,390		1,223,417
	Vicat SACA		113,465		4,475,718
	VIEL & Cie SA		156,945		1,489,944
	Virbac SACA		16,614		6,208,667
# *	Voltalia SA		80,640		570,552
#	Vranken-Pommery Monopole SA		16,787		285,837
	Wavestone		15,694		950,198
* Ω	Worldline SA		166,314		2,057,558
* Ω	X-Fab Silicon Foundries SE		259,726		1,964,899
TOTAL FRANCE					653,785,200
GERMANY — (13.4%)
	1&1 AG		258,581		4,463,416
	7C Solarparken AG		188,738		633,279
#	Adesso SE		10,304		1,213,576
*	Adtran Networks SE		3,098		66,709
	AIXTRON SE		94,485		2,494,694
	All for One Group SE		4,701		295,297
#	Allgeier SE		49,258		1,066,065
	AlzChem Group AG		825		32,848
	Amadeus Fire AG		11,033		1,429,274
# *	Aroundtown SA		4,629,735		9,759,838
	Atoss Software AG		20,164		5,961,185
	Aurubis AG		211,924		14,904,850
# * Ω	Auto1 Group SE		415,769		1,963,207
#	Basler AG		51,114		595,811
#	BayWa AG		97,774		2,653,702
	BayWa AG		124		4,502
	Bechtle AG		458,988		24,259,453
Ω	Befesa SA		199,474		6,856,711
	Bertrandt AG		36,820		1,812,674
	Bijou Brigitte AG		24,485		1,007,160
	Bilfinger SE		191,469		8,942,827
# *	Borussia Dortmund GmbH & Co. KGaA		507,376		1,834,540
#	BRANICKS Group AG		375,149		575,493
#	CANCOM SE		213,716		6,373,586
*	Ceconomy AG		954,113		1,913,735
	CENIT AG		57,781		781,853
	Cewe Stiftung & Co. KGaA		46,238		5,129,230
	CompuGroup Medical SE & Co. KGaA		186,933		5,752,860
	CTS Eventim AG & Co. KGaA		332,856		29,595,171
	Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen		11,455		460,336
* Ω	Delivery Hero SE		89,931		2,571,523
#	Dermapharm Holding SE		93,676		3,299,820

The Continental Small Company Series

CONTINUED

		Shares		Value»
GERMANY — (Continued)
	Deutsche Beteiligungs AG		112,633	$	3,132,596
	Deutsche EuroShop AG		544		11,156
# Ω	Deutsche Pfandbriefbank AG		935,598		4,995,100
	Deutz AG		674,170		4,278,255
	DMG Mori AG		1,330		63,164
# *	Dr Hoenle AG		33,387		696,186
	Draegerwerk AG & Co. KGaA		19,398		948,925
	Duerr AG		339,819		7,852,425
Ω	DWS Group GmbH & Co. KGaA		66,154		2,913,060
	Eckert & Ziegler SE		105,115		4,252,201
	EDAG Engineering Group AG		53,781		736,017
	Elmos Semiconductor SE		29,175		2,325,576
	ElringKlinger AG		193,727		1,269,210
# *	Encavis AG		671,444		12,204,175
	Energiekontor AG		23,306		1,610,522
*	Evotec SE		405,152		6,314,413
	Fabasoft AG		509		10,943
	Fielmann Group AG		158,286		7,271,376
*	flatexDEGIRO AG		363,579		4,072,993
*	Fraport AG Frankfurt Airport Services Worldwide		250,366		13,195,042
	Freenet AG		997,996		28,085,411
	Friedrich Vorwerk Group SE		13,184		222,497
	FUCHS SE		149,956		5,888,987
	GEA Group AG		401,718		16,984,688
	Gerresheimer AG		251,672		28,331,251
	Gesco SE		55,761		1,049,882
	GFT Technologies SE		157,441		4,581,729
*	Grand City Properties SA		500,850		5,728,026
	Grenke AG		50,145		1,309,808
	H&R GmbH & Co. KGaA		71,674		376,049
*	Hamburger Hafen und Logistik AG		125,057		2,237,238
	Hawesko Holding SE		313		9,807
# *	Heidelberger Druckmaschinen AG		1,764,141		1,979,453
*	HelloFresh SE		1,030,948		7,353,568
	Hensoldt AG		307,854		14,445,614
*	Highlight Communications AG		98,406		261,487
	HOCHTIEF AG		115,852		13,462,343
	Hornbach Holding AG & Co. KGaA		56,633		4,549,672
	Hugo Boss AG		440,451		25,959,551
	Init Innovation in Traffic Systems SE		37,723		1,483,162
Ω	Instone Real Estate Group SE		83,977		808,754
	IVU Traffic Technologies AG		51,403		881,969
	Jenoptik AG		390,966		12,144,814
Ω	JOST Werke SE		16,196		832,247
	K&S AG		1,091,009		17,026,460
	KION Group AG		310,438		16,330,178
	Kloeckner & Co. SE		46,695		340,064
	Knaus Tabbert AG		2,351		112,954
*	Koenig & Bauer AG		89,148		1,202,941
	Kontron AG		341,210		7,525,281
	Krones AG		118,001		15,621,337
	KSB SE & Co. KGaA		3,293		2,397,115
	KWS Saat SE & Co. KGaA		80,774		4,318,861
	Lanxess AG		541,103		14,482,930
*	LEG Immobilien SE		367,371		31,553,807
	Leifheit AG		59,026		942,477
# *	Manz AG		25,270		273,418
*	Mediclin AG		78,748		215,988
*	Medigene AG		116,971		266,013

The Continental Small Company Series

CONTINUED

		Shares		Value»
GERMANY — (Continued)
*	Medios AG		12,137	$	214,697
	METRO AG		765,743		4,166,709
	MLP SE		469,154		2,837,149
	Mutares SE & Co. KGaA		12,634		503,152
*	Nagarro SE		53,881		4,634,271
	New Work SE		18,377		1,334,846
	Nexus AG		72,646		4,409,300
*	Nordex SE		18,657		244,665
	Norma Group SE		199,527		3,703,639
*	OHB SE		39,251		1,856,972
#	Patrizia SE		295,571		2,746,104
	Pfeiffer Vacuum Technology AG		44,213		7,443,157
	PNE AG		46,015		665,329
*	ProCredit Holding AG		2,583		25,444
#	ProSiebenSat.1 Media SE		1,096,343		7,699,483
	PSI Software SE		17,128		425,071
#	Puma SE		584,540		26,454,089
*	PVA TePla AG		125,635		2,544,812
	PWO AG		8,558		280,601
*	q.beyond AG		644,117		395,740
*	R Stahl AG		14,952		367,685
	Rational AG		1,507		1,298,425
* Ω	Redcare Pharmacy NV		12,393		2,028,629
#	RTL Group SA		68,731		2,318,943
	SAF-Holland SE		265,527		5,412,318
	Salzgitter AG		232,427		6,071,083
	Schloss Wachenheim AG		6,929		114,252
Ω	Scout24 SE		7,633		575,057
#	Secunet Security Networks AG		8,631		1,494,029
# *	SGL Carbon SE		341,797		2,564,473
	Siltronic AG		120,647		10,704,416
	Sixt SE		97,474		9,718,369
*	SMA Solar Technology AG		108,460		6,263,037
	Stabilus SE		171,114		10,895,650
	STRATEC SE		29,220		1,267,285
	Stroeer SE & Co. KGaA		213,092		12,969,914
	Suedzucker AG		519,400		7,445,609
	SUESS MicroTec SE		143,891		5,672,702
	Surteco Group SE		47,139		717,349
*	Synlab AG		35,702		382,605
*	TAG Immobilien AG		1,362,181		18,617,071
	Takkt AG		235,455		3,399,183
* Ω	TeamViewer SE		878,739		13,095,188
	Technotrans SE		46,083		900,775
	thyssenkrupp AG		3,151,431		16,905,591
	United Internet AG		295,652		6,653,385
#	Verbio SE		157,196		3,573,597
	Vossloh AG		72,974		3,596,157
	Wacker Chemie AG		101,180		11,412,370
	Wacker Neuson SE		172,751		3,198,189
	Washtec AG		78,241		3,329,154
# *	Westwing Group SE		41,567		355,048
	Wuestenrot & Wuerttembergische AG		163,602		2,349,951
* Ω	Zalando SE		363,400		10,391,515
#	Zeal Network SE		32,866		1,223,679
TOTAL GERMANY					778,304,304
GREECE — (0.0%)
* ††	Neorion Holdings SA		14,991		0

The Continental Small Company Series

CONTINUED

		Shares		Value»
IRELAND — (0.8%)
	Bank of Ireland Group PLC		710,157	$	7,247,203
	Cairn Homes PLC		2,238,010		3,854,374
	Dalata Hotel Group PLC		475,504		2,311,416
	FBD Holdings PLC		142,812		2,027,499
	Glanbia PLC		1,136,976		22,134,910
* Ω	Glenveagh Properties PLC		1,291,710		1,744,008
	Irish Continental Group PLC		820,853		4,330,822
*	Permanent TSB Group Holdings PLC		273,432		405,136
TOTAL IRELAND					44,055,368
ISRAEL — (2.3%)
	Adgar Investment & Development Ltd.		105,459		144,149
*	Afcon Holdings Ltd.		3,064		81,003
# *	AFI Properties Ltd.		100,052		4,605,415
	Africa Israel Residences Ltd.		17,401		1,162,069
# *	Allot Ltd.		189,485		419,428
#	Alony Hetz Properties & Investments Ltd.		148,947		1,093,356
#	Alrov Properties & Lodgings Ltd.		49,832		2,088,861
	Arad Ltd.		28,968		410,314
*	Argo Properties NV		4,799		98,053
	Ashdod Refinery Ltd.		60,862		1,448,665
	Atreyu Capital Markets Ltd.		828		13,020
	AudioCodes Ltd.		28,045		369,162
#	Aura Investments Ltd.		534,066		2,251,070
#	Automatic Bank Services Ltd.		16,866		67,320
*	Avgol Industries 1953 Ltd.		468,925		177,355
*	Azorim-Investment Development & Construction Co. Ltd.		522,253		2,680,974
	Bet Shemesh Engines Holdings 1997 Ltd.		33,432		1,340,536
	Blue Square Real Estate Ltd.		36,996		2,550,539
*	Brack Capital Properties NV		17,073		1,077,736
	Carasso Motors Ltd.		152,860		733,547
*	Cellcom Israel Ltd.		528,949		2,270,719
*	Ceragon Networks Ltd.		266,244		851,981
# *	Clal Insurance Enterprises Holdings Ltd.		333,251		6,132,880
# *	Compugen Ltd.		120,076		309,682
	Danel Adir Yeoshua Ltd.		25,544		2,182,429
	Danya Cebus Ltd.		408		10,493
	Delek Automotive Systems Ltd.		87,939		535,004
	Delta Galil Ltd.		71,511		3,146,213
#	Direct Finance of Direct Group 2006 Ltd.		502		68,179
	Dor Alon Energy in Israel 1988 Ltd.		10,173		213,307
*	Doral Group Renewable Energy Resources Ltd.		42,161		117,035
*	El Al Israel Airlines		505,509		682,231
#	Electra Consumer Products 1970 Ltd.		47,261		1,072,704
#	Electra Real Estate Ltd.		64,516		689,266
*	Electreon Wireless Ltd.		4,233		156,295
*	Ellomay Capital Ltd.		2,597		42,671
*	Equital Ltd.		131,344		4,179,577
#	FMS Enterprises Migun Ltd.		19,186		812,864
	Formula Systems 1985 Ltd.		64,490		5,161,944
	Formula Systems 1985 Ltd., Sponsored ADR		640		49,600
#	Fox Wizel Ltd.		47,275		4,418,097
	Gav-Yam Lands Corp. Ltd.		309,306		2,355,903
# *	Gilat Satellite Networks Ltd.		229,038		1,248,113
*	Hagag Group Real Estate Development		24,932		108,074
	Hilan Ltd.		107,013		6,798,992
#	IDI Insurance Co. Ltd.		43,477		1,270,578
*	IES Holdings Ltd.		1,768		108,154
	Ilex Medical Ltd.		4,067		71,919

The Continental Small Company Series

CONTINUED

		Shares		Value»
ISRAEL — (Continued)
#	Inrom Construction Industries Ltd.		409,907	$	1,304,494
	Isracard Ltd.		293,333		1,195,833
	Israel Canada T.R Ltd.		252,277		1,004,569
	Israel Land Development Co. Ltd.		88,993		822,131
	Israel Shipyards Industries Ltd.		580		11,015
	Isras Investment Co. Ltd.		7,128		1,440,777
# *	Issta Ltd.		19,856		444,023
*	Kamada Ltd.		203,071		1,148,365
	Kardan Real Estate Enterprise & Development Ltd.		43,634		54,005
	Kenon Holdings Ltd.		20,947		548,549
	Kerur Holdings Ltd.		32,360		592,962
# *	Klil Industries Ltd.		5,696		290,598
#	Kvutzat Acro Ltd.		14,640		174,918
	Lahav L.R. Real Estate Ltd.		9,407		9,159
	Lapidoth Capital Ltd.		1,086		17,886
	Levinstein Properties Ltd.		1,526		25,929
	M Yochananof & Sons Ltd.		5,941		286,067
	Magic Software Enterprises Ltd.		146,061		1,685,459
#	Malam - Team Ltd.		10,222		174,594
	Matrix IT Ltd.		228,108		5,027,003
	Max Stock Ltd.		30,095		69,579
#	Maytronics Ltd.		204,596		2,036,046
	Mediterranean Towers Ltd.		426,954		1,113,465
#	Mega Or Holdings Ltd.		94,962		2,535,738
	Meitav Investment House Ltd.		183,020		894,663
	Menora Mivtachim Holdings Ltd.		172,867		4,643,723
	Meshulam Levinstein Contracting & Engineering Ltd.		458		39,423
#	Migdal Insurance & Financial Holdings Ltd.		2,157,682		2,980,374
*	Mivtach Shamir Holdings Ltd.		31,365		1,212,381
	Mizrahi Tefahot Bank Ltd.		1		39
*	Naphtha Israel Petroleum Corp. Ltd.		198,678		1,117,749
#	Nawi Brothers Ltd.		71,549		543,195
*	Nayax Ltd.		3,835		100,987
*	Neto Malinda Trading Ltd.		4,663		63,828
*	Neto ME Holdings Ltd.		3,661		61,789
	Next Vision Stabilized Systems Ltd.		29,551		351,844
	Novolog Ltd.		200,415		83,705
#	Oil Refineries Ltd.		12,078,156		4,008,627
	One Software Technologies Ltd.		62,935		931,031
	Palram Industries 1990 Ltd.		1,112		13,333
*	Partner Communications Co. Ltd.		717,998		3,128,151
	Paz Oil Co. Ltd.		62,211		6,647,096
# *	Perion Network Ltd.		47,295		1,064,914
	Plasson Industries Ltd.		19,907		831,098
	Prashkovsky Investments & Construction Ltd.		16,368		417,969
*	Priortech Ltd.		14,287		621,373
	Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		54,361		3,266,483
*	Rani Zim Shopping Centers Ltd.		26,927		19,214
	Retailors Ltd.		6,957		170,262
# *	Scope Metals Group Ltd.		47,550		1,687,170
*	Shikun & Binui Ltd.		124,079		307,271
	Summit Real Estate Holdings Ltd.		220,893		2,798,111
	Suny Cellular Communication Ltd.		187,376		57,734
	Tadiran Group Ltd.		16,618		1,342,377
Ω	Tamar Petroleum Ltd.		51,161		333,574
	Tel Aviv Stock Exchange Ltd.		52,416		353,675
	Telsys Ltd.		249		16,781
*	Tera Light Ltd.		45,638		100,089
	Tiv Taam Holdings 1 Ltd.		39,749		55,936

The Continental Small Company Series

CONTINUED

		Shares		Value»
ISRAEL — (Continued)
#	Victory Supermarket Chain Ltd.		5,213	$	67,564
	YH Dimri Construction & Development Ltd.		21,042		1,654,860
TOTAL ISRAEL					131,879,033
ITALY — (10.9%)
	A2A SpA		11,130,525		20,079,058
	Abitare In SpA		1,909		8,178
	ACEA SpA		278,123		4,929,294
# *	Aeffe SpA		177,250		162,190
	Amplifon SpA		248,124		9,044,779
Ω	Anima Holding SpA		1,678,832		7,980,375
#	Aquafil SpA		83,333		272,503
	Arnoldo Mondadori Editore SpA		1,088,121		2,731,847
	Ascopiave SpA		432,784		1,103,834
# *	Avio SpA		85,821		935,855
	Azimut Holding SpA		751,074		20,418,211
	Banca Generali SpA		435,216		17,293,675
	Banca IFIS SpA		237,598		4,655,107
	Banca Mediolanum SpA		641,478		7,050,453
*	Banca Monte dei Paschi di Siena SpA		5,298,912		24,032,141
	Banca Popolare di Sondrio SpA		2,730,141		20,431,430
	Banca Profilo SpA		1,711,765		406,496
# Ω	Banca Sistema SpA		335,410		487,516
	Banco BPM SpA		6,633,056		44,131,538
	Banco di Desio e della Brianza SpA		241,954		1,220,368
Ω	BFF Bank SpA		770,495		10,315,561
	Biesse SpA		38,550		515,440
	BPER Banca		6,542,561		30,935,786
	Brembo SpA		145,255		1,858,779
	Brunello Cucinelli SpA		239,655		27,389,606
	Buzzi SpA		635,851		24,971,756
	Cairo Communication SpA		380,269		820,767
Ω	Carel Industries SpA		99,812		2,191,656
	Cembre SpA		1,941		92,301
	Cementir Holding NV		371,783		4,208,354
*	CIR SpA-Compagnie Industriali		2,514,714		1,452,754
	Credito Emiliano SpA		555,182		5,555,322
	d'Amico International Shipping SA		290,567		1,995,578
	Danieli & C Officine Meccaniche SpA		130,848		3,449,953
	Danieli & C Officine Meccaniche SpA		106,476		3,780,134
	Datalogic SpA		30,430		188,509
	De' Longhi SpA		181,815		6,287,529
	DiaSorin SpA		21,682		2,092,416
# *	Digital Bros SpA		34,830		305,077
	Digital Value SpA		298		17,842
# Ω	doValue SpA		91,134		208,985
	Elica SpA		159,199		334,863
	Emak SpA		376,132		458,105
Ω	Enav SpA		666,746		2,788,780
	ERG SpA		166,279		4,174,593
	Esprinet SpA		220,835		1,282,546
# *	Eurotech SpA		207,209		388,562
*	Fiera Milano SpA		19,117		79,110
	Fila SpA		168,019		1,444,646
# * ††	Finmatica SpA		5,960		0
	FNM SpA		1,387,892		662,188
	Gefran SpA		35,925		317,259
# *	Geox SpA		356,231		257,852
	GPI SpA		17,707		231,729

The Continental Small Company Series

CONTINUED

		Shares		Value»
ITALY — (Continued)
	Gruppo MutuiOnline SpA		124,312	$	5,018,978
	Hera SpA		5,499,110		19,377,110
	IMMSI SpA		1,037,733		615,486
	Intercos SpA		20,033		290,007
	Interpump Group SpA		410,162		19,990,002
	Iren SpA		4,373,561		8,947,268
	Italgas SpA		3,355,608		19,549,004
	Italian Sea Group SpA		5,100		55,441
	Italmobiliare SpA		80,188		2,993,301
*	Iveco Group NV		1,173,817		17,486,563
#	IVS Group SA		116,966		816,354
	Leonardo SpA		2,136,258		53,670,571
	LU-VE SpA		5,064		126,051
#	Maire Tecnimont SpA		1,232,552		9,666,878
# * ††	Mariella Burani Fashion Group SpA		22,744		0
	MFE-MediaForEurope NV, Class A		1,003,807		2,606,077
*	Newlat Food SpA		24,212		161,171
	Openjobmetis SpA agenzia per il lavoro		63,079		1,105,192
	Orsero SpA		34,386		531,138
Ω	OVS SpA		1,489,463		3,917,506
	Pharmanutra SpA		5,819		357,994
	Piaggio & C SpA		1,288,486		4,074,631
Ω	Pirelli & C SpA		2,342,202		14,341,289
Ω	RAI Way SpA		612,982		3,435,849
	Reply SpA		147,826		20,919,151
	Rizzoli Corriere Della Sera Mediagroup SpA		956,821		814,677
*	Sabaf SpA		61,986		1,194,182
# *	Safilo Group SpA		204,731		265,287
*	Saipem SpA		2		5
	Salcef Group SpA		9,244		228,230
	Salvatore Ferragamo SpA		214,047		2,604,186
	Sanlorenzo SpA		12,280		558,927
	Saras SpA		2,937,528		5,615,049
# *	Seri Industrial SpA		3,574		11,161
	Sesa SpA		52,251		5,776,634
*	Sogefi SpA		354,095		1,220,447
	SOL SpA		231,248		8,282,936
#	Spaxs SpA		258,973		1,359,267
	Tamburi Investment Partners SpA		851,687		9,142,647
# Ω	Technogym SpA		918,805		9,116,251
# *	Telecom Italia SpA		50,212,502		12,189,349
# *	Tesmec SpA		313,747		30,301
*	Tod's SpA		3,826		177,448
*	TREVI - Finanziaria Industriale SpA		361,621		142,008
	TXT e-solutions SpA		578		14,015
# Ω	Unieuro SpA		105,971		1,010,043
	Unipol Gruppo SpA		3,064,314		25,678,740
	UnipolSai Assicurazioni SpA		586,033		1,697,814
	Webuild SpA		1,493,427		3,612,551
#	Wiit SpA		6,648		129,472
	Zignago Vetro SpA		190,091		2,719,125
TOTAL ITALY					632,072,950
NETHERLANDS — (4.9%)
	Aalberts NV		654,734		31,479,161
	Acomo NV		51,385		974,062
	AFC Ajax NV		13,955		153,426
# * Ω	Alfen NV		80,726		4,349,167
	Allfunds Group PLC		346,282		2,497,338

The Continental Small Company Series

CONTINUED

		Shares		Value»
NETHERLANDS — (Continued)
	AMG Critical Materials NV		179,177	$	4,069,213
	Aperam SA		271,693		8,588,303
	Arcadis NV		518,635		31,761,005
*	Avantium NV		19,708		44,856
Ω	B&S Group SARL		16,023		63,625
# * Ω	Basic-Fit NV		294,041		6,558,333
	BE Semiconductor Industries NV		352,392		53,978,882
	Brunel International NV		129,710		1,425,064
	Corbion NV		349,347		7,469,071
Ω	CTP NV		118,290		2,110,156
# *	Ebusco Holding NV		2,604		9,561
# *	Fastned BV		409		11,353
	Flow Traders Ltd.		197,621		3,897,053
	ForFarmers NV		203,933		570,177
*	Fugro NV		666,317		16,333,552
*	InPost SA		343,400		5,288,915
#	Kendrion NV		86,878		1,288,564
	Koninklijke BAM Groep NV		1,607,627		6,095,032
	Koninklijke Heijmans NV, CVA		145,097		2,687,791
	Koninklijke Vopak NV		336,864		12,991,731
#	MFE-MediaForEurope NV, Class B		406,270		1,409,209
	Nedap NV		33,400		2,434,187
	OCI NV		461,688		12,654,297
# *	Pharming Group NV		3,585,543		3,940,642
#	PostNL NV		1,827,096		2,488,267
	SBM Offshore NV		948,274		15,145,517
# *	SIF Holding NV		40,013		461,086
Ω	Signify NV		719,081		22,136,530
	Sligro Food Group NV		125,350		1,897,029
* ††	SRH NV		705,718		0
	TKH Group NV		255,928		10,910,385
*	TomTom NV		408,253		3,261,959
	Van Lanschot Kempen NV		164,832		5,606,184
TOTAL NETHERLANDS					287,040,683
NORWAY — (1.9%)
	2020 Bulkers Ltd.		107,406		1,478,757
	ABG Sundal Collier Holding ASA		1,989,504		1,113,991
	AF Gruppen ASA		4,067		52,236
# *	Akastor ASA		736,801		749,359
*	Aker BioMarine ASA		16,523		97,670
# *	Aker Carbon Capture ASA		724,918		388,208
	AMSC ASA		274,096		686,436
*	Archer Ltd.		305,147		31,925
*	ArcticZymes Technologies ASA		83,850		226,304
	Arendals Fossekompani ASA		1,452		24,315
	Atea ASA		384,721		4,606,180
*	Atlantic Sapphire ASA		146		12
	Austevoll Seafood ASA		143,669		1,130,354
Ω	Avance Gas Holding Ltd.		99,772		1,139,577
# *	Axactor ASA		689,478		297,470
	B2 Impact ASA		1,017,618		748,949
	Belships ASA		468,828		903,861
*	Bluenord ASA		21,795		1,152,591
	Bonheur ASA		137,587		3,041,147
	Borregaard ASA		415,703		7,252,012
	Bouvet ASA		69,946		400,203
Ω	BW LPG Ltd.		438,052		4,886,804
	BW Offshore Ltd.		496,641		1,241,325

The Continental Small Company Series

CONTINUED

		Shares		Value»
NORWAY — (Continued)
# *	Cadeler AS		157,068	$	769,428
*	Cloudberry Clean Energy ASA		27,190		24,873
# * Ω	Crayon Group Holding ASA		360,151		2,645,410
	DNO ASA		3,232,793		2,928,410
Ω	Elkem ASA		489,404		964,424
Ω	Elmera Group ASA		85,009		270,935
	Elopak ASA		51,567		161,154
*	Ensurge Micropower ASA		1,783,881		50,298
Ω	Europris ASA		1,144,627		8,243,473
	FLEX LNG Ltd.		134,727		3,361,787
	Gram Car Carriers ASA		10,491		193,052
#	Grieg Seafood ASA		351,263		2,201,008
*	Hexagon Composites ASA		719,711		1,246,719
# *	Hexagon Purus ASA		235,168		135,157
Ω	Kid ASA		51,417		671,564
	Kitron ASA		779,037		2,442,795
Ω	Klaveness Combination Carriers ASA		28,281		245,050
*	Kongsberg Automotive ASA		3,235,578		449,548
*	LINK Mobility Group Holding ASA		335,680		613,191
	Magnora ASA		30,920		87,869
	Medistim ASA		2,163		37,157
*	Morrow Bank ASA		33,724		12,681
	MPC Container Ships ASA		1,892,230		2,192,305
Ω	Multiconsult ASA		2,534		34,504
# *	NEL ASA		663,640		295,828
	Norbit ASA		15,658		100,016
# Ω	Norske Skog ASA		354,658		1,098,480
*	Northern Ocean Ltd.		64,314		59,167
*	Norwegian Air Shuttle ASA		842,208		1,272,667
*	NRC Group ASA		38,228		41,688
# *	Nykode Therapeutics ASA		338,115		466,776
	Odfjell Drilling Ltd.		636,267		2,865,932
	Odfjell SE, Class A		138,332		1,749,171
	Odfjell Technology Ltd.		107,420		641,439
# *	OKEA ASA		206,616		476,123
Ω	Okeanis Eco Tankers Corp.		68,308		2,022,680
	Olav Thon Eiendomsselskap ASA		54,302		1,109,063
*	Otello Corp. ASA		13,451		10,373
	Panoro Energy ASA		278,857		691,908
	Pareto Bank ASA		52,111		282,693
*	Pexip Holding ASA		70,095		189,757
*	PGS ASA		5,778,271		4,210,265
*	PhotoCure ASA		77,641		393,997
* Ω	poLight ASA		5,744		2,026
	Protector Forsikring ASA		430,646		9,020,291
	Rana Gruber ASA		42,157		305,146
# *	REC Silicon ASA		1,555,597		1,538,496
*	Salmon Evolution ASA		236,397		139,027
*	SATS ASA		69,640		117,337
* Ω	Scatec ASA		374,751		2,494,446
*	SD Standard ETC PLC		271,994		42,966
	Selvaag Bolig ASA		279,707		938,722
* Ω	Shelf Drilling Ltd.		657,268		1,552,858
*	Siem Offshore, Inc.		10,249		32,797
# *	Solstad Offshore ASA		37,831		136,621
	Sparebank 1 Oestlandet		40,574		465,147
	SpareBank 1 Sorost-Norge		1,788		11,056
	Stolt-Nielsen Ltd.		43,514		1,605,892
#	TGS ASA		265,947		2,932,282

The Continental Small Company Series

CONTINUED

		Shares		Value»
NORWAY — (Continued)
# *	Ultimovacs ASA		50,358	$	36,948
	Veidekke ASA		659,506		7,167,848
*	Volue ASA		6,103		16,802
# *	Vow ASA		9,797		5,012
	Wilh Wilhelmsen Holding ASA, Class A		68,812		2,214,966
* Ω	XXL ASA		3,251,432		282,024
TOTAL NORWAY					110,669,211
PORTUGAL — (0.9%)
	Altri SGPS SA		472,047		2,661,361
*	Banco Comercial Portugues SA, Class R		49,853,259		16,817,507
	Corticeira Amorim SGPS SA		135,979		1,442,020
	CTT-Correios de Portugal SA		491,944		2,191,888
# *	Greenvolt-Energias Renovaveis SA		156,250		1,375,891
	Ibersol SGPS SA		57,040		416,359
	Mota-Engil SGPS SA		733,051		3,807,282
	Navigator Co. SA		1,800,047		7,871,213
	NOS SGPS SA		994,629		3,889,973
	REN - Redes Energeticas Nacionais SGPS SA		2,882,126		6,845,515
	Semapa-Sociedade de Investimento e Gestao		1,972		31,717
	Sonae SGPS SA		6,586,941		6,251,054
TOTAL PORTUGAL					53,601,780
SPAIN — (6.1%)
	Acciona SA		45,633		5,553,564
	Acerinox SA		1,095,358		12,028,851
* ††	Adveo Group International SA		84,445		0
Ω	Aedas Homes SA		35,251		660,786
	Alantra Partners SA		60,724		553,895
	Almirall SA		464,897		4,146,273
# *	Amper SA		7,369,582		650,484
	Applus Services SA		874,505		10,783,830
	Atresmedia Corp. de Medios de Comunicacion SA		510,640		2,443,605
	Azkoyen SA		67,253		440,051
	Banco de Sabadell SA		35,081,456		55,189,369
#	Bankinter SA		4,245,482		31,106,534
#	Cia de Distribucion Integral Logista Holdings SA		408,960		11,429,487
	CIE Automotive SA		373,265		10,705,225
	Construcciones y Auxiliar de Ferrocarriles SA		118,448		4,320,038
	Corp. ACCIONA Energias Renovables SA		31,476		685,879
*	Distribuidora Internacional de Alimentacion SA		4,617,030		62,732
#	Ebro Foods SA		480,588		8,010,362
*	eDreams ODIGEO SA		447,059		3,252,838
	Elecnor SA		207,985		4,328,751
	Enagas SA		1,457,648		21,654,554
	Ence Energia y Celulosa SA		831,813		2,896,661
	Ercros SA		590,023		2,236,570
	Faes Farma SA		1,843,460		6,257,792
	Fluidra SA		517,281		12,241,437
Ω	Gestamp Automocion SA		950,021		3,050,830
Ω	Global Dominion Access SA		518,361		1,885,360
# *	Grenergy Renovables SA		7,453		195,663
*	Grifols SA		141,694		1,274,529
	Grupo Catalana Occidente SA		268,886		10,299,402
#	Grupo Empresarial San Jose SA		141,180		615,565
	Iberpapel Gestion SA		47,911		961,264
#	Indra Sistemas SA		876,621		18,167,601
#	Laboratorio Reig Jofre SA		15,086		40,547

The Continental Small Company Series

CONTINUED

		Shares		Value»
SPAIN — (Continued)
	Laboratorios Farmaceuticos Rovi SA		130,063	$	11,349,765
#	Linea Directa Aseguradora SA Cia de Seguros y Reaseguros		3,369,919		3,369,003
	Mapfre SA		4,520,827		11,429,440
*	Melia Hotels International SA		624,896		5,050,470
# Ω	Metrovacesa SA		27,648		242,926
	Miquel y Costas & Miquel SA		185,363		2,343,323
# Ω	Neinor Homes SA		115,525		1,266,749
# *	Obrascon Huarte Lain SA		2,278,833		860,587
*	Oryzon Genomics SA		35,547		65,908
#	Pharma Mar SA		55,216		1,710,272
	Prim SA		40,283		439,095
*	Promotora de Informaciones SA, Class A		1,330,083		503,238
Ω	Prosegur Cash SA		527,801		272,831
	Realia Business SA		1,667,905		1,838,605
	Renta 4 Banco SA		442		5,021
	Sacyr SA		2,882,311		10,645,220
*	Solaria Energia y Medio Ambiente SA		498,778		5,441,711
# *	Soltec Power Holdings SA		58,317		141,089
Ω	Talgo SA		548,128		2,657,720
*	Tecnicas Reunidas SA		271,263		2,201,727
	Tubacex SA		712,576		2,565,191
# *	Tubos Reunidos SA		34,204		22,504
Ω	Unicaja Banco SA		7,318,410		9,068,527
#	Vidrala SA		134,680		13,982,275
	Viscofan SA		267,269		16,989,779
	Vocento SA		352,577		311,483
TOTAL SPAIN					352,904,788
SWEDEN — (6.3%)
Ω	AcadeMedia AB		483,291		2,190,247
	AddLife AB, Class B		418,916		4,381,199
	Addnode Group AB		516,224		5,515,305
	AFRY AB		438,399		6,999,691
Ω	Alimak Group AB		379,232		3,470,236
	Alleima AB		353,526		2,386,118
	Alligo AB, Class B		153,171		2,202,825
Ω	Ambea AB		327,270		1,948,319
# *	Annehem Fastigheter AB, Class B		214,348		366,034
#	AQ Group AB		10,843		542,119
	Arise AB		17,654		67,595
	Arjo AB, Class B		1,343,622		6,416,666
	Atrium Ljungberg AB, Class B		56,692		1,107,729
* Ω	Attendo AB		674,584		2,570,713
	Beijer Alma AB		293,791		5,308,872
	Bergman & Beving AB		208,899		4,091,479
	Betsson AB, Class B		886,384		8,770,587
# *	Better Collective AS		128,300		3,445,766
# *	BHG Group AB		645,782		1,115,173
	Bilia AB, Class A		580,862		7,444,378
	Billerud Aktiebolag		30,543		274,082
* Ω	BioArctic AB		28,503		573,464
*	BioInvent International AB		39,595		62,858
	Biotage AB		188,675		3,204,757
	Bjorn Borg AB		13,009		61,367
# *	Bonava AB, Class B		1,520,844		1,503,918
* Ω	Boozt AB		5,339		70,045
Ω	Bravida Holding AB		808,611		7,092,022
	Bufab AB		223,887		8,781,744
	Bulten AB		102,657		704,586

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
	Bure Equity AB		350,573	$	11,235,676
*	Byggmax Group AB		367,794		1,237,178
*	Camurus AB		22,448		1,064,022
	Catella AB		89,746		255,409
	Catena AB		190,068		9,286,730
# *	Catena Media PLC		330,046		328,361
*	Cavotec SA		79,682		117,662
	Cellavision AB		57,079		1,273,857
	Cibus Nordic Real Estate AB publ		117,236		1,536,560
*	Cint Group AB		96,052		136,224
	Clas Ohlson AB, Class B		268,008		3,627,873
	Cloetta AB, Class B		1,269,507		2,157,442
	Concentric AB		339,818		6,072,538
Ω	Coor Service Management Holding AB		515,415		2,415,635
#	Corem Property Group AB, Class B		3,930,376		4,003,488
	CTT Systems AB		1,884		58,421
	Dedicare AB, Class B		6,297		59,289
	Dios Fastigheter AB		770,250		6,196,820
Ω	Dometic Group AB		51,610		417,112
* Ω	Dustin Group AB		1,981,572		2,338,630
	Eastnine AB		126,421		2,103,243
	Elanders AB, Class B		74,315		866,788
	Electrolux Professional AB, Class B		601,935		3,936,598
* Ω	Eltel AB		206,068		138,868
# *	Enea AB		93,388		449,558
#	Engcon AB		21,338		167,455
	Eolus Vind AB, Class B		41,913		290,727
	Ependion AB		98,758		996,412
	Ework Group AB		42,999		596,100
	Fagerhult Group AB		336,247		2,321,868
#	FastPartner AB, Class A		39,447		283,726
	FastPartner AB, Class D		35		216
	Fenix Outdoor International AG		22,095		1,424,654
#	G5 Entertainment AB		41,029		497,718
	Granges AB		839,851		9,085,514
	Hanza AB		95,940		596,872
	Heba Fastighets AB, Class B		317,232		1,028,422
	Hemnet Group AB		57,258		1,751,958
#	Hexatronic Group AB		188,356		578,802
	HMS Networks AB		156,077		6,759,763
* Ω	Hoist Finance AB		276,716		1,374,036
*	Humana AB		176,433		404,415
#	IAR Systems Group AB		1,213		15,740
	Instalco AB		764,705		3,019,655
# *	International Petroleum Corp.		563,724		6,734,572
#	Intrum AB		132,234		309,462
	INVISIO AB		22,397		509,244
	Inwido AB		484,214		6,596,997
#	JM AB		455,664		9,316,933
*	Karnov Group AB		117,160		723,434
# *	K-fast Holding AB		20,521		40,838
	Kindred Group PLC, SDR		25,445		295,504
	KNOW IT AB		165,960		2,449,976
	Lagercrantz Group AB, Class B		444,408		6,793,491
#	Lime Technologies AB		20,271		714,268
	Lindab International AB		625,664		13,451,812
	Loomis AB		337,241		9,412,885
# *	Maha Energy AB		148,058		111,220
*	Medcap AB		12,843		458,317

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWEDEN — (Continued)
	Medicover AB, Class B		32,688	$	421,073
	MEKO AB		245,126		2,761,408
*	Modern Times Group MTG AB, Class B		578,881		4,520,012
	Momentum Group AB		162,090		1,961,038
	Mycronic AB		281,352		9,921,777
	NCAB Group AB		310,541		2,033,260
	NCC AB, Class B		507,385		6,982,902
	Nederman Holding AB		43,804		717,384
*	Net Insight AB, Class B		1,794,044		991,742
#	New Wave Group AB, Class B		828,917		9,913,666
	Nilorngruppen AB, Class B		7,191		43,665
# *	Nobia AB		820,940		337,610
	Nolato AB, Class B		1,580,501		7,062,481
	Nordic Paper Holding AB		82,488		409,637
	Nordic Waterproofing Holding AB		83,900		1,286,767
*	Norion Bank AB		320,368		1,396,921
*	Norva24 Group AB		4,692		11,158
# *	Note AB		89,762		1,211,550
	NP3 Fastigheter AB		176,937		3,652,170
	Nyfosa AB		1,209,815		11,932,256
	OEM International AB, Class B		327,092		3,208,867
# *	Orron Energy AB		670,464		445,351
# *	Ovzon AB		568		707
*	OX2 AB		351,540		1,620,337
	Peab AB, Class B		650,157		4,086,670
	Platzer Fastigheter Holding AB, Class B		303,472		2,609,206
	Prevas AB, Class B		12,098		138,454
*	Pricer AB, Class B		757,103		723,564
	Proact IT Group AB		203,154		2,098,602
	Ratos AB, Class B		1,345,531		4,421,531
*	RaySearch Laboratories AB		159,435		1,712,453
	Rejlers AB		948		12,712
Ω	Resurs Holding AB		775,908		1,126,849
	Rottneros AB		672,020		758,005
	Rvrc Holding AB		33,924		216,694
	Scandi Standard AB		369,860		2,473,747
# * Ω	Scandic Hotels Group AB		1,065,790		6,228,945
*	Sdiptech AB, Class B		64,612		1,572,623
# *	Sedana Medical AB		12,684		18,964
*	Sensys Gatso Group AB		43,904		332,110
	SkiStar AB		317,931		4,792,482
	Solid Forsakring AB		86,686		562,814
*	Stendorren Fastigheter AB		6,293		108,042
*	Stillfront Group AB		1,952,196		1,736,888
#	Storskogen Group AB, Class B		2,796,121		1,488,249
	Synsam AB		28,085		152,333
	Systemair AB		391,739		2,795,513
	Tethys Oil AB		178,504		593,030
*	TF Bank AB		5,604		87,608
	Troax Group AB		238,672		5,489,009
# *	Truecaller AB, Class B		492,049		1,504,179
	VBG Group AB, Class B		43,163		1,264,279
# *	Viaplay Group AB		193,548		17,145
	Vitec Software Group AB, Class B		61,417		3,190,058
	Vitrolife AB		24,061		451,657
	Volati AB		6,339		73,943
	XANO Industri AB, Class B		5,023		39,727
TOTAL SWEDEN					368,818,706

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWITZERLAND — (17.5%)
	Accelleron Industries AG		164,935	$	6,177,954
	Adecco Group AG		585,919		23,180,301
	Allreal Holding AG		122,211		20,988,290
	ALSO Holding AG		46,741		12,130,278
*	Aluflexpack AG		2,219		37,336
*	ams-OSRAM AG		5,343,211		6,189,498
	APG SGA SA		8,182		2,004,547
	Arbonia AG		308,639		4,126,482
*	Aryzta AG		6,138,424		11,146,292
	Ascom Holding AG		213,448		1,945,376
# *	Autoneum Holding AG		25,161		4,505,275
*	Avolta AG		554,235		23,076,875
	Baloise Holding AG		98,975		15,519,837
	Banque Cantonale de Geneve		9,943		3,175,116
	Banque Cantonale du Jura SA		3,848		260,207
#	Banque Cantonale Vaudoise		113,639		13,220,315
	Barry Callebaut AG		4,198		6,098,016
*	Basilea Pharmaceutica AG		29,287		1,222,696
	Belimo Holding AG		66,278		32,528,338
	Bell Food Group AG		14,644		4,388,572
	Bellevue Group AG		48,912		1,145,462
	Berner Kantonalbank AG		31,224		8,450,858
	BKW AG		144,734		22,240,580
	Bossard Holding AG, Class A		43,144		10,456,932
	Bucher Industries AG		53,084		23,342,823
	Burckhardt Compression Holding AG		13,515		8,474,065
	Burkhalter Holding AG		26,092		2,827,000
	Bystronic AG		8,214		4,344,016
	Calida Holding AG		34,242		1,109,798
	Carlo Gavazzi Holding AG		3,219		1,161,544
	Cembra Money Bank AG		195,981		16,415,320
# *	Cicor Technologies Ltd.		15,422		878,895
	Cie Financiere Tradition SA		10,123		1,542,020
	Clariant AG		1,286,221		17,402,518
#	Coltene Holding AG		24,227		1,548,947
	Comet Holding AG		45,630		15,873,989
	COSMO Pharmaceuticals NV		15,693		1,239,579
#	Daetwyler Holding AG		23,030		4,744,493
	DKSH Holding AG		234,221		15,945,868
*	DocMorris AG		4,404		440,945
	dormakaba Holding AG		22,442		11,802,502
	EFG International AG		678,438		8,494,479
	Emmi AG		15,716		15,593,494
	Energiedienst Holding AG		83,637		3,667,557
#	Feintool International Holding AG		39,987		842,557
	Flughafen Zurich AG		143,958		32,688,680
	Forbo Holding AG		8,340		10,650,404
	Fundamenta Real Estate AG		3,191		55,542
Ω	Galenica AG		297,782		24,848,749
*	GAM Holding AG		682,619		198,015
	Georg Fischer AG		616,034		45,688,923
# *	Gurit Holding AG, Class BR		28,958		2,125,985
	Helvetia Holding AG		258,089		35,582,937
#	Hiag Immobilien Holding AG		25,900		2,275,482
*	HOCHDORF Holding AG		2,081		17,081
	Huber & Suhner AG		109,750		9,266,957
	Hypothekarbank Lenzburg AG		6		28,088
	Implenia AG		85,815		3,110,180
# *	Ina Invest Holding AG		29,955		565,484

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
	Inficon Holding AG		14,761	$	21,541,106
#	Interroll Holding AG		4,863		16,160,328
	Intershop Holding AG		10,830		7,783,783
	Investis Holding SA		6,259		674,490
	Jungfraubahn Holding AG		19,038		3,812,718
	Kardex Holding AG		49,428		13,876,269
#	Komax Holding AG		22,696		4,398,585
# *	Kudelski SA		217,692		381,159
	Landis & Gyr Group AG		94,470		7,251,093
	LEM Holding SA		3,906		7,391,756
	Liechtensteinische Landesbank AG		65,577		5,334,268
	Luzerner Kantonalbank AG		119,117		9,340,582
Ω	Medacta Group SA		13,327		1,810,682
Ω	Medmix AG		151,076		2,680,746
	Meier Tobler Group AG		45,826		1,710,399
	Metall Zug AG, Class B		1,164		1,704,197
	Mikron Holding AG		9,944		204,603
	Mobilezone Holding AG		305,440		5,032,320
	Mobimo Holding AG		62,895		18,080,771
* Ω	Montana Aerospace AG		7,275		136,496
	Novavest Real Estate AG		1,614		60,744
	OC Oerlikon Corp. AG		1,084,366		4,780,216
*	Orascom Development Holding AG		93,520		487,608
#	Orell Fuessli AG		5,028		429,324
#	Orior AG		41,050		3,028,128
*	Phoenix Mecano AG		4,376		2,213,008
	Plazza AG, Class A		7,187		2,454,093
# * Ω	PolyPeptide Group AG		11,760		395,732
	PSP Swiss Property AG		337,750		44,275,162
#	Rieter Holding AG		15,023		2,169,540
	Romande Energie Holding SA		67,957		4,050,673
	Schweiter Technologies AG		6,061		3,412,596
# *	Schweizerische Nationalbank		23		105,122
* Ω	Sensirion Holding AG		10,110		747,472
	SFS Group AG		124,869		16,418,429
	Siegfried Holding AG		32,456		33,140,734
	SIG Group AG		332,386		7,370,415
	SKAN Group AG		7,515		711,199
	Softwareone Holding AG		230,172		4,244,823
	St. Galler Kantonalbank AG		17,753		9,566,486
#	Stadler Rail AG		133,672		4,261,737
#	StarragTornos Group AG		2,819		162,720
	Sulzer AG		139,983		17,035,953
	Swiss Prime Site AG		182,651		17,228,936
# *	Swiss Steel Holding AG		3,362,368		268,039
	Swissquote Group Holding SA		82,376		23,094,572
	Temenos AG		363,716		26,016,738
	Thurgauer Kantonalbank		3,152		440,163
	TX Group AG		18,616		3,074,808
	u-blox Holding AG		48,813		4,701,647
	Valiant Holding AG		100,956		11,844,659
Ω	VAT Group AG		50,204		25,935,077
	Vaudoise Assurances Holding SA		6,822		3,396,299
	Vetropack Holding AG		69,627		2,513,644
#	Vontobel Holding AG		218,761		13,264,048
	VP Bank AG, Class A		21,182		2,205,777
	VZ Holding AG		92,245		11,254,895
*	V-ZUG Holding AG		11,164		737,460
	Walliser Kantonalbank		19,534		2,502,501

The Continental Small Company Series

CONTINUED

		Shares		Value»
SWITZERLAND — (Continued)
	Warteck Invest AG		58	$	118,100
	Ypsomed Holding AG		13,356		5,336,032
	Zehnder Group AG		82,191		5,446,363
	Zug Estates Holding AG, Class B		1,206		2,432,958
	Zuger Kantonalbank AG		709		6,289,036
TOTAL SWITZERLAND					1,017,940,366
UNITED STATES — (0.0%)
	ADTRAN Holdings, Inc.		110,648		601,564
	Noble Corp. PLC		4,682		224,364
TOTAL UNITED STATES					825,928
TOTAL COMMON STOCKS					5,476,431,727
PREFERRED STOCKS — (0.9%)
GERMANY — (0.9%)
	Draegerwerk AG & Co. KGaA		56,173		3,088,676
	FUCHS SE		477,660		23,664,770
	Jungheinrich AG		346,549		12,821,514
	Sixt SE		118,586		8,699,734
	STO SE & Co. KGaA		16,514		2,818,779
	Villeroy & Boch AG		41,086		809,173
TOTAL GERMANY					51,902,646
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%)
# *	Webuild SpA Warrants 08/02/2030		116,038		0
SWEDEN — (0.0%)
*	Nobia AB Rights 04/17/2024		820,940		437,160
TOTAL RIGHTS/WARRANTS					437,160
TOTAL INVESTMENT SECURITIES (Cost $4,343,657,547)					5,528,771,533
				Value†
SECURITIES LENDING COLLATERAL — (4.9%)
@ §	The DFA Short Term Investment Fund		24,516,534		283,631,784
TOTAL INVESTMENTS — (100.0%) (Cost $4,627,268,134)^^				$	5,812,403,317

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.
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.
††	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.

The Continental Small Company Series

CONTINUED

^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.

Summary of the Series' investments as of March 31, 2024, 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		—	$	185,587,320		—	$	185,587,320
Belgium	$	738,838		193,434,077		—		194,172,915
Denmark		—		386,797,265		—		386,797,265
Finland		—		277,975,910		—		277,975,910
France		—		653,785,200		—		653,785,200
Germany		—		778,304,304		—		778,304,304
Ireland		—		44,055,368		—		44,055,368
Israel		2,014,499		129,864,534		—		131,879,033
Italy		—		632,072,950		—		632,072,950
Netherlands		—		287,040,683		—		287,040,683
Norway		—		110,669,211		—		110,669,211
Portugal		—		53,601,780		—		53,601,780
Spain		—		352,904,788		—		352,904,788
Sweden		—		368,818,706		—		368,818,706
Switzerland		—		1,017,940,366		—		1,017,940,366
United States		—		825,928		—		825,928
Preferred Stocks
Germany		—		51,902,646		—		51,902,646
Rights/Warrants
Sweden		—		437,160		—		437,160
Securities Lending Collateral		—		283,631,784		—		283,631,784
TOTAL	$	2,753,337	$	5,809,649,980		—	$	5,812,403,317

The Canadian Small Company Series

SCHEDULE OF INVESTMENTS

March 31, 2024

(Unaudited)

		Shares		Value»
COMMON STOCKS — (91.0%)
COMMUNICATION SERVICES — (0.7%)
*	Aimia, Inc.		511,089	$	965,921
# *	Cineplex, Inc.		36,490		198,539
	Cogeco Communications, Inc.		80,416		3,566,788
	Cogeco, Inc.		37,667		1,582,262
#	Corus Entertainment, Inc., Class B		993,121		535,217
	TELUS Corp.		176,768		2,827,923
# *	WildBrain Ltd.		541,109		443,417
#	Yellow Pages Ltd.		56,545		411,601
TOTAL COMMUNICATION SERVICES					10,531,668
CONSUMER DISCRETIONARY — (4.0%)
*	Aritzia, Inc.		457,892		12,642,694
*	AutoCanada, Inc.		121,583		2,412,721
	BMTC Group, Inc.		20,581		225,782
# *	Bragg Gaming Group, Inc.		4,700		28,765
	BRP, Inc.		7,396		496,272
# *	Canada Goose Holdings, Inc.		32,778		395,303
# *	Dorel Industries, Inc., Class B		164,677		841,287
	Exco Technologies Ltd.		164,124		899,044
	Gamehost, Inc.		89,999		657,111
# *	GoldMoney, Inc.		25,000		154,664
	Leon's Furniture Ltd.		167,479		2,793,068
	Linamar Corp.		263,351		13,998,207
	Martinrea International, Inc.		514,975		4,623,008
#	MTY Food Group, Inc.		115,723		4,368,161
	Park Lawn Corp.		183,840		2,266,530
	Pizza Pizza Royalty Corp.		162,278		1,655,666
#	Pollard Banknote Ltd.		49,129		1,297,001
# Ω	Sleep Country Canada Holdings, Inc.		220,590		4,870,877
Ω	Spin Master Corp.		185,042		4,734,824
TOTAL CONSUMER DISCRETIONARY					59,360,985
CONSUMER STAPLES — (4.1%)
#	Andrew Peller Ltd., Class A		168,200		495,455
	Corby Spirit & Wine Ltd.		75,467		718,150
	High Liner Foods, Inc.		106,744		1,067,795
Ω	Jamieson Wellness, Inc.		236,615		4,657,012
#	KP Tissue, Inc.		47,200		308,034
	Lassonde Industries, Inc., Class A		18,000		1,976,804
#	Maple Leaf Foods, Inc.		458,562		7,518,853
	North West Co., Inc.		292,956		8,488,814
#	Premium Brands Holdings Corp.		244,773		15,992,330
	Primo Water Corp.		892,177		16,242,790
	Rogers Sugar, Inc.		682,633		2,686,083
# *	SunOpta, Inc.		242,811		1,663,494
TOTAL CONSUMER STAPLES					61,815,614
ENERGY — (22.0%)
*	Advantage Energy Ltd.		1,240,556		9,048,535
	Africa Oil Corp.		1,517,856		2,644,524
*	Athabasca Oil Corp.		1,992,842		7,694,484
	Baytex Energy Corp.		656,132		2,368,673

The Canadian Small Company Series

CONTINUED

		Shares		Value»
ENERGY — (Continued)
#	Birchcliff Energy Ltd.		1,731,777	$	6,827,130
# *	Bonterra Energy Corp.		52,762		247,343
*	Calfrac Well Services Ltd.		18,245		53,339
#	Canacol Energy Ltd.		158,831		539,384
#	Cardinal Energy Ltd.		732,276		3,827,479
#	CES Energy Solutions Corp.		1,456,468		5,064,386
	Crescent Point Energy Corp.		3,033,304		24,820,076
*	Crew Energy, Inc.		762,573		2,617,817
*	Denison Mines Corp.		3,434,657		6,719,457
	Enerflex Ltd.		277,198		1,612,580
# *	Energy Fuels, Inc.		66,322		414,710
	Enerplus Corp.		1,217,670		23,921,434
*	Ensign Energy Services, Inc.		760,132		1,453,429
# *	Fission Uranium Corp.		1,962,000		1,404,998
#	Freehold Royalties Ltd.		694,066		7,475,858
*	Frontera Energy Corp.		256,656		1,566,974
#	Gear Energy Ltd.		227,278		110,741
#	Gibson Energy, Inc.		854,905		14,553,992
*	Gran Tierra Energy, Inc.		202,111		1,445,836
#	Headwater Exploration, Inc.		1,197,279		6,779,469
#	InPlay Oil Corp.		29,169		51,251
# *	Journey Energy, Inc.		22,652		55,687
*	Kelt Exploration Ltd.		1,000,756		4,469,805
*	Kolibri Global Energy, Inc.		5,600		17,446
* ††	Lightstream Resources Ltd.		687,816		0
*	Mattr Corp.		423,244		5,549,307
*	MEG Energy Corp.		789,027		18,115,787
#	North American Construction Group Ltd.		164,890		3,668,290
*	NuVista Energy Ltd.		996,250		8,737,551
# *	Obsidian Energy Ltd.		226,518		1,862,384
	Paramount Resources Ltd., Class A		453,102		9,195,511
	Parex Resources, Inc.		562,234		8,982,130
	Parkland Corp.		638,847		20,346,137
	Pason Systems, Inc.		444,691		5,134,522
#	Peyto Exploration & Development Corp.		1,064,787		11,736,200
	PHX Energy Services Corp.		129,423		863,744
#	Pine Cliff Energy Ltd.		189,200		139,677
#	PrairieSky Royalty Ltd.		1,219,867		23,892,120
*	Precision Drilling Corp.		84,235		5,667,354
# *	Questerre Energy Corp., Class A		797,460		129,520
	Secure Energy Services, Inc.		1,822,233		14,999,739
#	Spartan Delta Corp.		446,448		1,249,151
# * Ω	STEP Energy Services Ltd.		31,360		85,661
# *	Strathcona Resources Ltd.		7,061		148,148
	Surge Energy, Inc.		292,745		1,666,281
#	Tamarack Valley Energy Ltd.		2,467,653		6,995,524
	TerraVest Industries, Inc.		5,000		221,476
	Tidewater Midstream & Infrastructure Ltd.		1,358,267		852,333
#	Topaz Energy Corp.		358,740		5,905,948
	Total Energy Services, Inc.		233,559		1,755,294
# *	Touchstone Exploration, Inc.		28,397		18,449
	Trican Well Service Ltd.		1,351,655		4,141,131
	Vermilion Energy, Inc.		915,075		11,378,198
	Whitecap Resources, Inc.		2,390,657		18,090,316
*	Yangarra Resources Ltd.		308,771		250,746
TOTAL ENERGY					329,585,466
FINANCIALS — (6.9%)
	AGF Management Ltd., Class B		502,801		3,043,792

The Canadian Small Company Series

CONTINUED

		Shares		Value»
FINANCIALS — (Continued)
	Alaris Equity Partners Income		115,744	$	1,461,166
	Brookfield Reinsurance Ltd.		3,598		150,324
	Canaccord Genuity Group, Inc.		482,088		3,167,534
	Canadian Western Bank		535,877		11,156,274
#	Chesswood Group Ltd.		56,542		300,544
	CI Financial Corp.		871,529		11,143,835
	Clairvest Group, Inc.		1,900		102,143
	Definity Financial Corp.		219,636		6,995,015
	ECN Capital Corp.		5,859		9,040
	E-L Financial Corp. Ltd.		7,378		5,931,541
	EQB, Inc.		171,631		10,763,762
#	Fiera Capital Corp.		405,845		2,474,829
	Firm Capital Mortgage Investment Corp.		189,321		1,601,727
	First National Financial Corp.		85,119		2,364,015
	goeasy Ltd.		68,059		8,008,508
	Guardian Capital Group Ltd., Class A		93,214		3,288,003
#	Laurentian Bank of Canada		267,880		5,541,322
	Nuvei Corp.		184,133		5,822,285
	Onex Corp.		89,659		6,716,399
*	RF Capital Group, Inc.		17,024		90,866
#	Sprott, Inc.		127,516		4,705,092
	Timbercreek Financial Corp.		525,090		2,996,527
*	Trisura Group Ltd.		192,279		5,912,237
	VersaBank		3,400		35,919
TOTAL FINANCIALS					103,782,699
HEALTH CARE — (2.4%)
	Andlauer Healthcare Group, Inc.		98,005		3,072,808
*	Times New Roman, Times, Serife Biosciences, Inc.		767		1,273
# *	Aurora Cannabis, Inc.		61,293		269,029
# *	Bausch Health Cos., Inc.		1,577,973		16,742,008
# *	Cronos Group, Inc.		659,166		1,721,376
*	dentalcorp Holdings Ltd.		105,011		517,865
#	Extendicare, Inc.		469,355		2,643,814
#	HLS Therapeutics, Inc.		20,104		59,367
*	Knight Therapeutics, Inc.		518,358		2,028,199
	Medical Facilities Corp.		154,017		1,176,831
# *	Organigram Holdings, Inc.		273,484		585,424
#	Sienna Senior Living, Inc.		426,586		4,226,336
*	TerrAscend Corp.		26,702		50,071
# *	Tilray Brands, Inc.		21,350		52,734
*	Viemed Healthcare, Inc.		93,487		881,582
*	Vitalhub Corp.		7,000		31,110
*	Well Health Technologies Corp.		622,257		1,685,935
	Zenith Capital Corp.		111,820		13,208
TOTAL HEALTH CARE					35,758,970
INDUSTRIALS — (13.9%)
	ADENTRA, Inc.		30,258		916,083
	Aecon Group, Inc.		383,920		4,821,143
	Ag Growth International, Inc.		136,394		6,178,536
*	Air Canada		272,076		3,938,880
#	Algoma Central Corp.		48,800		533,916
*	ATS Corp.		445,364		14,986,299
	Badger Infrastructure Solution		208,438		7,724,770
# *	Ballard Power Systems, Inc.		1,032,613		2,870,958
	Bird Construction, Inc.		285,251		3,925,347
	Black Diamond Group Ltd.		298,735		1,973,850

The Canadian Small Company Series

CONTINUED

		Shares		Value»
INDUSTRIALS — (Continued)
*	Bombardier, Inc., Class A		13,489	$	578,178
*	Bombardier, Inc., Class B		491,174		21,085,798
	Boyd Group Services, Inc.		104,026		21,994,793
	Calian Group Ltd.		63,597		2,666,797
	Dexterra Group, Inc.		168,743		691,390
	Doman Building Materials Group Ltd.		397,715		2,425,253
#	Exchange Income Corp.		127,407		4,656,839
	Finning International, Inc.		814,064		23,925,206
*	GDI Integrated Facility Services, Inc.		69,185		2,002,690
#	Hammond Power Solutions, Inc.		22,825		2,443,339
*	Heroux-Devtek, Inc.		244,553		3,284,057
	K-Bro Linen, Inc.		62,086		1,608,355
# *	Lion Electric Co.		110,662		157,466
	Magellan Aerospace Corp.		120,278		707,700
# *	MDA Ltd.		177,234		1,924,707
#	Mullen Group Ltd.		536,149		5,747,210
*	NFI Group, Inc.		259,328		2,463,956
	Richelieu Hardware Ltd.		309,993		9,749,143
	Russel Metals, Inc.		357,603		11,898,540
#	Savaria Corp.		268,184		3,318,271
	SNC-Lavalin Group, Inc.		727,591		29,757,884
*	TELUS International CDA, Inc.		12,685		107,315
*	Transat AT, Inc.		24,945		70,532
	Wajax Corp.		127,359		3,080,197
# *	Westport Fuel Systems, Inc.		7,388		49,713
	Westshore Terminals Investment Corp.		216,180		4,088,835
TOTAL INDUSTRIALS					208,353,946
INFORMATION TECHNOLOGY — (4.3%)
# *	Bitfarms Ltd.		206,800		459,539
# *	BlackBerry Ltd.		1,816,819		5,014,420
*	Celestica, Inc.		704,173		31,639,720
	Computer Modelling Group Ltd.		474,445		3,562,147
	Converge Technology Solutions Corp.		138,443		594,838
	Dye & Durham Ltd.		131,718		1,528,631
	Enghouse Systems Ltd.		256,230		5,775,130
	Evertz Technologies Ltd.		148,543		1,625,194
*	Kinaxis, Inc.		8,677		986,496
# *	Lightspeed Commerce, Inc.		758,210		10,660,789
#	Quarterhill, Inc.		1,065,526		1,470,993
*	Sangoma Technologies Corp.		4,200		20,309
	Softchoice Corp.		18,332		241,982
	TECSYS, Inc.		7,863		223,952
	Vecima Networks, Inc.		6,059		89,014
TOTAL INFORMATION TECHNOLOGY					63,893,154
MATERIALS — (22.3%)
*	5N Plus, Inc.		547,650		2,021,520
	Acadian Timber Corp.		66,067		847,694
#	AirBoss of America Corp.		94,697		415,966
	Alamos Gold, Inc., Class A		1,670,405		24,626,613
#	Altius Minerals Corp.		283,002		4,293,449
# *	Americas Gold & Silver Corp.		86,596		18,859
	Amerigo Resources Ltd.		227,887		260,769
# *	Argonaut Gold, Inc.		1,641,719		472,681
*	Ascot Resources Ltd.		71,438		39,554
	B2Gold Corp.		7,123,507		18,610,261
*	Calibre Mining Corp.		302,879		373,414

The Canadian Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
*	Canfor Corp.		339,850	$	4,292,816
*	Canfor Pulp Products, Inc.		144,351		180,099
*	Capstone Copper Corp.		2,311,783		14,711,579
	Cascades, Inc.		767,190		5,601,498
	Centerra Gold, Inc.		1,293,885		7,641,713
	China Gold International Resources Corp. Ltd.		1,030,676		6,574,169
	Dundee Precious Metals, Inc.		1,095,246		8,328,252
*	Eldorado Gold Corp.		1,150,014		16,171,369
#	Endeavour Mining PLC		193,786		3,937,094
# *	Endeavour Silver Corp.		698,719		1,682,762
# *	Equinox Gold Corp.		1,616,510		9,738,341
# *	ERO Copper Corp.		387,556		7,473,041
#	First Majestic Silver Corp.		1,602,991		9,418,378
# *	First Mining Gold Corp.		749,400		66,390
*	Foraco International SA		355,941		754,162
# *	Fortuna Silver Mines, Inc.		1,665,436		6,197,175
*	Freegold Ventures Ltd.		9,000		2,724
# *	Galiano Gold, Inc.		696,057		966,068
# *	GoGold Resources, Inc.		180,275		163,699
* ††	Hanfeng Evergreen, Inc.		45,837		0
	Hudbay Minerals, Inc.		1,890,762		13,233,490
*	i-80 Gold Corp.		9,900		13,266
*	IAMGOLD Corp.		2,990,873		9,975,861
# *	Imperial Metals Corp.		381,250		605,136
# *	Interfor Corp.		343,025		5,358,539
*	K92 Mining, Inc.		406,089		1,888,716
*	Karora Resources, Inc.		553,631		2,076,295
#	Labrador Iron Ore Royalty Corp.		334,669		7,135,389
# *	Largo, Inc.		70,585		116,224
# *	Lucara Diamond Corp.		1,635,773		380,398
	Lundin Gold, Inc.		423,894		5,958,393
# *	MAG Silver Corp.		184,065		1,946,901
*	Major Drilling Group International, Inc.		616,318		4,094,985
*	Mandalay Resources Corp.		464		506
	Methanex Corp.		351,518		15,675,478
	Neo Performance Materials, Inc.		32,055		149,088
*	New Gold, Inc.		3,347,181		5,634,028
# *	Northern Dynasty Minerals Ltd.		76,877		24,121
	OceanaGold Corp.		4,394,012		9,926,305
* ††	Orbite Technologies, Inc.		73,500		0
*	Orla Mining Ltd.		827,104		3,134,017
	Osisko Gold Royalties Ltd.		931,762		15,294,174
*	Osisko Mining, Inc.		1,231,447		2,527,351
	Sandstorm Gold Ltd.		432,987		2,272,415
# *	Seabridge Gold, Inc.		289,285		4,373,923
# *	SilverCrest Metals, Inc.		481,626		3,208,168
	SSR Mining, Inc.		1,213,366		5,404,545
#	Stelco Holdings, Inc.		247,737		8,169,807
	Stella-Jones, Inc.		340,688		19,869,589
# *	Taseko Mines Ltd.		1,642,585		3,528,790
*	Torex Gold Resources, Inc.		499,465		7,352,502
	Transcontinental, Inc., Class A		454,041		4,930,747
††	Trevali Mining Corp.		255,929		0
	Triple Flag Precious Metals Corp.		72,116		1,042,051
*	Victoria Gold Corp.		43,601		213,088
*	Wallbridge Mining Co. Ltd.		350,615		20,707
*	Wesdome Gold Mines Ltd.		884,595		6,589,320
*	Western Copper & Gold Corp.		27,900		42,636
	Western Forest Products, Inc.		1,975,290		918,706

The Canadian Small Company Series

CONTINUED

		Shares		Value»
MATERIALS — (Continued)
#	Winpak Ltd.		177,825	$	5,322,082
TOTAL MATERIALS					334,289,846
REAL ESTATE — (3.4%)
	Altus Group Ltd.		245,393		9,398,685
	Bridgemarq Real Estate Services		53,069		547,321
#	Colliers International Group, Inc.		90,962		11,118,343
	DREAM Unlimited Corp., Class A		224,598		3,215,057
	Information Services Corp.		34,805		711,491
	Mainstreet Equity Corp.		31,349		4,348,891
	Melcor Developments Ltd.		55,340		469,423
	Morguard Corp.		25,320		2,212,077
*	Real Matters, Inc.		51,714		233,649
	StorageVault Canada, Inc.		510,897		1,946,203
	Tricon Residential, Inc.		1,493,623		16,650,964
TOTAL REAL ESTATE					50,852,104
UTILITIES — (7.0%)
#	Algonquin Power & Utilities Corp.		2,902,176		18,341,608
*	Altius Renewable Royalties Corp.		4,704		32,192
	Atco Ltd., Class I		427,741		11,908,097
#	Boralex, Inc., Class A		518,790		10,961,404
	Brookfield Infrastructure Corp.,Class A		188,713		6,800,696
#	Capital Power Corp.		688,895		19,432,784
#	Innergex Renewable Energy, Inc.		785,863		4,635,521
*	Maxim Power Corp.		61,434		207,721
	Northland Power, Inc.		753,355		12,307,959
	Polaris Renewable Energy, Inc.		138,283		1,191,364
#	Superior Plus Corp.		1,141,158		8,500,450
	TransAlta Corp.		8,389		53,941
	TransAlta Corp.		1,643,807		10,545,704
TOTAL UTILITIES					104,919,441
TOTAL COMMON STOCKS Cost ($1,112,936,218)					1,363,143,893
				Value†
SECURITIES LENDING COLLATERAL — (9.0%)
@ §	The DFA Short Term Investment Fund		11,601,434		134,216,985
TOTAL INVESTMENTS — (100.0%) (Cost $1,247,141,631)^^				$	1,497,360,878

»	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 Canadian Small Company Series

CONTINUED

Summary of the Series' investments as of March 31, 2024, 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	$	10,531,668		—		—	$	10,531,668
Consumer Discretionary		59,360,985		—		—		59,360,985
Consumer Staples		61,815,614		—		—		61,815,614
Energy		329,585,466		—		—		329,585,466
Financials		103,680,556	$	102,143		—		103,782,699
Health Care		35,745,762		13,208		—		35,758,970
Industrials		208,353,946		—		—		208,353,946
Information Technology		63,893,154		—		—		63,893,154
Materials		334,289,846		—		—		334,289,846
Real Estate		50,852,104		—		—		50,852,104
Utilities		104,919,441		—		—		104,919,441
Securities Lending Collateral		—		134,216,985		—		134,216,985
TOTAL	$	1,363,028,542	$	134,332,336		—	$	1,497,360,878

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 March 31, 2024, 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 at the mean between 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 Advisors) 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. A Portfolio entering into stock index futures is subject to equity price risk from those futures contracts.

FEDERAL TAX COST

At March 31, 2024, the total cost of securities for federal income tax purposes was:

	Federal Tax Cost
The Japanese Small Company Series	$	2,857,097
The Asia Pacific Small Company Series		1,541,200
The United Kingdom Small Company Series		1,436,687
The Continental Small Company Series		4,668,168
The Canadian Small Company Series		1,272,166

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.

In October 2022, the SEC adopted rule and form amendments requiring open-end management investment companies, including mutual funds and exchange-traded funds, to transmit concise and visually engaging semi-annual and annual reports that highlight key information, including fund expenses, performance, and holdings to shareholders. Other information, including financial statements, will no longer appear in the Series’ shareholder reports but will be available online, delivered free of charge upon request, and filed on a semi-annual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. Accordingly, the rule and form amendments will not impact the Series until the 2024 annual shareholder reports, and will have no effect on the Series’ accounting policies or 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.