| COMMON STOCKS - 96.1% | | Shares | | | Value |
| Bermuda - 0.2% | | |
| Kunlun Energy Co. Ltd. | | 66,077 | | $ | 71,210 |
| | | | | | | |
| Brazil - 3.1% | | |
| Ambev SA | | 18,564 | | | 35,299 |
| B3 SA - Brasil Bolsa Balcao | | 8,712 | | | 14,477 |
| Banco Bradesco SA | | 21,699 | | | 37,438 |
| Banco BTG Pactual SA | | 1,895 | | | 8,336 |
| Banco do Brasil SA | | 28,615 | | | 110,960 |
| BB Seguridade Participacoes SA | | 21,909 | | | 128,448 |
| BRF SA | | 4,882 | | | 19,890 |
| Caixa Seguridade Participacoes SA | | 25,215 | | | 58,121 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | | 3,711 | | | 53,083 |
Embraer SA (a) | | 8,478 | | | 77,755 |
| JBS SA | | 13,819 | | | 81,573 |
| Natura & Co. Holding SA | | 16,747 | | | 34,560 |
NU Holdings Ltd. - Class A (a) | | 12,076 | | | 125,107 |
| Petroleo Brasileiro SA | | 34,877 | | | 224,687 |
PRIO SA (a) | | 5,802 | | | 38,031 |
| Raia Drogasil SA | | 18,813 | | | 66,965 |
| Telefonica Brasil SA | | 3,044 | | | 23,203 |
| TIM SA | | 9,792 | | | 23,081 |
| Ultrapar Participacoes SA | | 3,674 | | | 9,546 |
| Vale SA | | 11,492 | | | 101,631 |
| Vibra Energia SA | | 9,134 | | | 26,349 |
| WEG SA | | 10,967 | | | 93,579 |
| | | | | | 1,392,119 |
| | | | | | | |
| Cayman Islands - 7.0% | | |
| AAC Technologies Holdings, Inc. | | 9,222 | | | 44,225 |
| ANTA Sports Products Ltd. | | 9,743 | | | 96,225 |
| Bosideng International Holdings Ltd. | | 184,874 | | | 91,355 |
| C&D International Investment Group Ltd. | | 20,290 | | | 33,916 |
| China Mengniu Dairy Co. Ltd. | | 17,164 | | | 38,398 |
Country Garden Holdings Co. Ltd. (a)(b) | | 910,684 | | | 14,452 |
| Geely Automobile Holdings Ltd. | | 53,600 | | | 100,945 |
| Li Ning Co. Ltd. | | 12,460 | | | 26,034 |
Meituan - Class B (a)(c) | | 21,802 | | | 423,904 |
| Tencent Holdings Ltd. | | 37,924 | | | 2,024,111 |
| Tingyi Cayman Islands Holding Corp. | | 55,234 | | | 71,710 |
Xiaomi Corp. - Class B (a)(c) | | 37,863 | | | 166,060 |
| Zhen Ding Technology Holding Ltd. | | 8,610 | | | 31,446 |
| | | | | | 3,162,781 |
| | | | | | | |
| Chile - 0.9% | | |
| Banco de Credito e Inversiones SA | | 1,774 | | | 49,213 |
| Cencosud SA | | 48,550 | | | 107,353 |
| Empresas Copec SA | | 7,852 | | | 48,028 |
| Falabella SA | | 41,259 | | | 145,756 |
| Latam Airlines Group SA | | 5,213,707 | | | 71,960 |
| | | | | | 422,310 |
| | | | | | | |
| China - 19.7% | | |
| 37 Interactive Entertainment Network Technology Group Co. Ltd. - Class A | | 22,900 | | | 49,063 |
| Agricultural Bank of China Ltd. - Class A | | 133,300 | | | 97,522 |
| Agricultural Bank of China Ltd. - Class H | | 260,606 | | | 147,899 |
| Alibaba Group Holding Ltd. | | 81,757 | | | 865,263 |
| Aluminum Corp. of China Ltd. - Class A | | 35,800 | | | 36,044 |
| Aluminum Corp. of China Ltd. - Class H | | 72,294 | | | 41,466 |
| Anhui Yingjia Distillery Co. Ltd. - Class A | | 2,799 | | | 20,685 |
| Anker Innovations Technology Co. Ltd. - Class A | | 5,100 | | | 68,216 |
Baidu, Inc. - Class A (a) | | 8,038 | | | 84,774 |
| Bank of Beijing Co. Ltd. – Class A | | 58,800 | | | 49,547 |
| Bank of Changsha Co. Ltd. - Class A | | 28,900 | | | 35,198 |
| Bank of Chengdu Co. Ltd. - Class A | | 11,300 | | | 26,489 |
| Bank of China Ltd. - Class A | | 58,600 | | | 44,237 |
| Bank of China Ltd. - Class H | | 510,446 | | | 259,746 |
| Bank of Communications Co. Ltd. - Class A | | 90,100 | | | 95,918 |
| Bank of Communications Co. Ltd. - Class H | | 134,298 | | | 110,068 |
| Bank of Hangzhou Co. Ltd. - Class A | | 12,500 | | | 25,024 |
| Bank of Nanjing Co. Ltd. - Class A | | 56,900 | | | 83,017 |
| Bank of Shanghai Co. Ltd. – Class A | | 66,300 | | | 83,106 |
BeiGene Ltd (a) | | 2,905 | | | 41,419 |
| Beijing Kingsoft Office Software, Inc. - Class A | | 680 | | | 26,644 |
| Beijing Roborock Technology Co. Ltd. - Class A | | 1,120 | | | 33,639 |
| Bloomage Biotechnology Corp. Ltd. - Class A | | 4,500 | | | 31,492 |
| CGN Power Co. Ltd. - Class A | | 55,400 | | | 31,337 |
CGN Power Co. Ltd. - Class H (c) | | 89,945 | | | 32,860 |
| Changchun High-Tech Industry Group Co. Ltd. - Class A | | 1,500 | | | 20,432 |
| China CITIC Bank Corp. Ltd. - Class H | | 187,452 | | | 129,300 |
| China Coal Energy Co. Ltd. - Class H | | 93,916 | | | 112,095 |
| China Communications Services Corp. Ltd. - Class H | | 222,759 | | | 130,075 |
| China Construction Bank Corp. - Class A | | 35,800 | | | 43,116 |
| China Construction Bank Corp. - Class H | | 549,881 | | | 455,563 |
| China Everbright Bank Co. Ltd. - Class A | | 100,600 | | | 53,336 |
| China Everbright Bank Co. Ltd. - Class H | | 301,145 | | | 116,611 |
China Feihe Ltd. (c) | | 84,652 | | | 58,903 |
| China Hongqiao Group Ltd. | | 27,340 | | | 41,032 |
| China Merchants Bank Co. Ltd. - Class H | | 10,938 | | | 55,832 |
| China Minsheng Banking Corp. Ltd. - Class H | | 56,872 | | | 25,099 |
| China National Medicines Corp. Ltd. - Class A | | 4,800 | | | 22,505 |
| China National Nuclear Power Co. Ltd. - Class A | | 22,700 | | | 32,426 |
| China Pacific Insurance Group Co. Ltd. - Class A | | 6,000 | | | 28,016 |
| China Pacific Insurance Group Co. Ltd. - Class H | | 18,086 | | | 58,184 |
| China Petroleum & Chemical Corp. - Class H | | 27,943 | | | 15,942 |
| China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. - Class A | | 4,275 | | | 25,975 |
| China Shenhua Energy Co. Ltd. - Class A | | 9,200 | | | 54,801 |
| China Shenhua Energy Co. Ltd. - Class H | | 12,708 | | | 54,820 |
China Tower Corp. Ltd. - Class H (c) | | 165,563 | | | 23,777 |
| China United Network Communications Ltd. - Class A | | 54,477 | | | 39,626 |
| China Yangtze Power Co. Ltd. - Class A | | 15,900 | | | 64,379 |
| Chongqing Brewery Co. Ltd. - Class A | | 4,700 | | | 40,582 |
| Chongqing Rural Commercial Bank Co. Ltd. - Class A | | 65,300 | | | 54,134 |
| CNOOC Energy Technology & Services Ltd. - Class A | | 34,400 | | | 20,130 |
| COSCO Shipping Holdings Co. Ltd. - Class A | | 16,800 | | | 35,671 |
| COSCO Shipping Holdings Co. Ltd. - Class H | | 59,747 | | | 97,813 |
| CRRC Corp. Ltd. - Class A | | 21,500 | | | 24,682 |
| Dong-E-E-Jiao Co. Ltd. - Class A | | 1,836 | | | 15,777 |
| Ecovacs Robotics Co. Ltd. - Class A | | 6,700 | | | 43,125 |
| Eoptolink Technology, Inc. Ltd. – Class A | | 2,590 | | | 40,691 |
| Fuyao Glass Industry Group Co. Ltd. - Class A | | 8,300 | | | 70,956 |
| GD Power Development Co. Ltd. - Class A | | 37,670 | | | 23,631 |
Giant Biogene Holding Co. ltd (c) | | 7,331 | | | 46,811 |
| Gree Electric Appliances, Inc. of Zhuhai - Class A | | 10,000 | | | 62,272 |
| Guangzhou Automobile Group Co. Ltd. - Class A | | 19,700 | | | 25,162 |
Haidilao International Holding Ltd. (c) | | 46,955 | | | 94,794 |
| Henan Shenhuo Coal Industry & Electricity Power Co. Ltd. - Class A | | 13,181 | | | 30,516 |
| Hisense Home Appliances Group Co. Ltd. – Class A | | 4,662 | | | 14,664 |
| Hithink RoyalFlush Information Network Co. Ltd. - Class A | | 855 | | | 33,680 |
| HLA Group Corp. Ltd. - Class A | | 39,100 | | | 40,180 |
| Huadong Medicine Co. Ltd. - Class A | | 4,212 | | | 19,967 |
| Huaibei Mining Holdings Co. Ltd. - Class A | | 17,700 | | | 34,110 |
| Huaneng Lancang River Hydropower, Inc. - Class A | | 24,169 | | | 31,490 |
| Huaxia Bank Co. Ltd. - Class A | | 63,100 | | | 69,242 |
| Hubei Jumpcan Pharmaceutical Co. Ltd. - Class A | | 8,100 | | | 32,269 |
| Hundsun Technologies, Inc. - Class A | | 5,200 | | | 19,936 |
| Industrial & Commercial Bank of China Ltd. - Class A | | 71,100 | | | 67,412 |
| Industrial & Commercial Bank of China Ltd. - Class H | | 251,099 | | | 167,403 |
| Industrial Bank Co. Ltd. - Class A | | 9,800 | | | 25,722 |
| Inner Mongolia Dian Tou Energy Corp. Ltd. - Class A | | 9,300 | | | 24,949 |
JD Logistics, Inc. (a)(c) | | 35,609 | | | 58,033 |
| JD.com, Inc. - Class A | | 9,211 | | | 159,933 |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd. - Class A | | 8,200 | | | 51,579 |
| Jiangsu Nhwa Pharmaceutical Co. Ltd. – Claas A | | 9,200 | | | 30,687 |
Kuaishou Technology (a)(c) | | 13,060 | | | 68,507 |
| Kuang-Chi Technologies Co. Ltd. - Class A | | 11,800 | | | 77,112 |
| Kweichow Moutai Co. Ltd. - Class A | | 300 | | | 62,637 |
Li Auto, Inc. - Class A (a) | | 2,374 | | | 28,356 |
Longfor Group Holdings Ltd. (c) | | 54,322 | | | 68,892 |
| Luzhou Laojiao Co. Ltd. - Class A | | 1,019 | | | 17,477 |
| Midea Group Co. Ltd. - Class A | | 3,900 | | | 40,181 |
| MINISO Group Holding Ltd. | | 3,410 | | | 20,366 |
| Nanjing Iron & Steel Co. Ltd. - Class A | | 23,342 | | | 14,995 |
| NetEase, Inc. | | 9,634 | | | 171,484 |
| New Oriental Education & Technology Group, Inc. | | 13,493 | | | 86,059 |
| Ningbo Sanxing Medical Electric Co. Ltd. - Class A | | 16,500 | | | 69,533 |
Nongfu Spring Co. Ltd. - Class H (c) | | 19,382 | | | 83,780 |
| People's Insurance Co. Group of China Ltd. - Class A | | 43,100 | | | 45,006 |
| People's Insurance Co. Group of China Ltd. - Class H | | 120,428 | | | 59,670 |
| PetroChina Co. Ltd. - Class A | | 61,600 | | | 75,580 |
| PetroChina Co. Ltd. - Class H | | 242,655 | | | 189,842 |
| PICC Property & Casualty Co. Ltd. - Class H | | 80,990 | | | 127,381 |
| Ping An Insurance Group Co. of China Ltd. - Class H | | 27,447 | | | 161,096 |
Pop Mart International Group Ltd. (c) | | 9,943 | | | 113,687 |
| Qifu Technology, Inc. - ADR | | 3,365 | | | 129,149 |
| SAIC Motor Corp. Ltd. - Class A | | 17,100 | | | 48,512 |
| Seres Group Co. Ltd. - Class A | | 1,744 | | | 31,821 |
| Shaanxi Coal Industry Co. Ltd. - Class A | | 12,322 | | | 39,251 |
| Shandong Himile Mechanical Science & Technology Co. Ltd. - Class A | | 4,000 | | | 27,497 |
| Shandong Nanshan Aluminum Co. Ltd. – Class A | | 44,000 | | | 23,566 |
| Shandong Sun Paper Industry JSC Ltd. - Class A | | 9,993 | | | 20,354 |
| Shanghai Pudong Development Bank Co. Ltd. - Class A | | 53,300 | | | 75,155 |
| Shanghai Rural Commercial Bank Co. Ltd. - Class A | | 38,700 | | | 45,114 |
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd. - Class A | | 1,100 | | | 27,765 |
| Shenergy Co. Ltd. - Class A | | 17,900 | | | 23,274 |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A | | 600 | | | 20,957 |
| Sichuan Chuantou Energy Co. Ltd. - Class A | | 13,600 | | | 32,141 |
| Sichuan Kelun Pharmaceutical Co. Ltd. - Class A | | 6,551 | | | 26,868 |
| Sieyuan Electric Co. Ltd. - Class A | | 2,100 | | | 20,916 |
| Sinopharm Group Co. Ltd. - Class H | | 17,239 | | | 47,019 |
| Suzhou TFC Optical Communication Co. Ltd. – Class A | | 5,040 | | | 62,642 |
| Tian Di Science & Technology Co. Ltd. - Class A | | 20,000 | | | 16,930 |
| Tianqi Lithium Corp. - Class A | | 9,039 | | | 40,837 |
| Vipshop Holdings Ltd. - ADR | | 8,169 | | | 110,036 |
| Want Want China Holdings, Ltd. | | 57,190 | | | 33,442 |
| Western Mining Co. Ltd. - Class A | | 9,500 | | | 20,900 |
| Wintime Energy Group Co. Ltd. - Class A | | 247,700 | | | 58,016 |
| WUS Printed Circuit Kunshan Co. Ltd. – Class A | | 5,900 | | | 31,961 |
| Yifeng Pharmacy Chain Co. Ltd. - Class A | | 5,632 | | | 18,628 |
| Yum China Holdings, Inc. | | 2,665 | | | 128,373 |
| Yunnan Yuntianhua Co. Ltd. - Class A | | 8,000 | | | 24,439 |
| Yutong Bus Co. Ltd. - Class A | | 32,734 | | | 118,286 |
| Zhejiang Dahua Technology Co. Ltd. - Class A | | 8,000 | | | 17,525 |
| Zhejiang Expressway Co. Ltd. - Class H | | 48,758 | | | 34,948 |
Zhejiang NHU Co. Ltd. - Class A (a) | | 6,400 | | | 19,267 |
| Zhejiang Supor Co. Ltd. - Class A | | 6,812 | | | 49,651 |
| Zhejiang Wanfeng Auto Wheel Co. Ltd. - Class A | | 21,200 | | | 54,996 |
| Zhejiang Zheneng Electric Power Co. Ltd. - Class A | | 21,700 | | | 16,827 |
| Zhongji Innolight Co. Ltd. - Class A | | 1,701 | | | 28,537 |
| Zhongji Innolight Co. Ltd. - Class A | | 347 | | | 5,822 |
| Zhongjin Gold Corp. Ltd. - Class A | | 12,711 | | | 20,949 |
| Zijin Mining Group Co. Ltd. - Class A | | 8,100 | | | 16,772 |
| ZTE Corp. - Class A | | 4,502 | | | 24,878 |
| ZTE Corp. - Class H | | 6,301 | | | 19,630 |
| | | | | | 8,885,813 |
| | | | | | | |
| Colombia - 0.2% | | |
| Bancolombia SA | | 7,734 | | | 66,288 |
| | | | | | | |
| Czech Republic - 0.4% | | |
| CEZ AS | | 491 | | | 19,315 |
| Komercni Banka AS | | 1,557 | | | 54,374 |
Moneta Money Bank AS (c) | | 16,481 | | | 83,804 |
| | | | | | 157,493 |
| | | | | | | |
| Egypt - 0.5% | | |
| Commercial International Bank - Egypt (CIB) | | 67,113 | | | 103,626 |
| Eastern Co. SAE | | 109,973 | | | 63,812 |
| Talaat Moustafa Group | | 48,245 | | | 53,142 |
| | | | | | 220,580 |
| | | | | | | |
| Hong Kong - 1.4% | | |
China Resources Pharmaceutical Group Ltd. (c) | | 154,425 | | | 112,971 |
| China Taiping Insurance Holdings Co. Ltd. | | 95,404 | | | 141,723 |
| CITIC Ltd. | | 52,460 | | | 61,572 |
| CSPC Pharmaceutical Group Ltd. | | 109,684 | | | 66,863 |
| Far East Horizon Ltd. | | 62,841 | | | 45,770 |
| Lenovo Group Ltd. | | 86,349 | | | 111,007 |
| Sino Biopharmaceutical Ltd. | | 59,913 | | | 24,491 |
| Sinotruk Hong Kong Ltd. | | 24,692 | | | 72,186 |
| | | | | | 636,583 |
| | | | | | | |
| Hungary - 0.3% | | |
| MOL Hungarian Oil & Gas PLC | | 4,407 | | | 30,333 |
| OTP Bank Nyrt | | 1,819 | | | 99,413 |
| | | | | | 129,746 |
| | | | | | | |
| India - 18.6% | | |
| Adani Ports & Special Economic Zone Ltd. | | 1,470 | | | 21,085 |
Adani Power Ltd. (a) | | 10,253 | | | 63,248 |
| Ambuja Cements Ltd. | | 1,730 | | | 10,801 |
| Apollo Hospitals Enterprise Ltd. | | 252 | | | 21,443 |
| Asian Paints Ltd. | | 704 | | | 18,731 |
| Aurobindo Pharma Ltd. | | 1,013 | | | 15,759 |
| Axis Bank Ltd. | | 6,751 | | | 83,713 |
| Bajaj Auto Ltd. | | 591 | | | 60,632 |
| Bajaj Finance Ltd. | | 302 | | | 24,015 |
| Bank of Baroda | | 40,011 | | | 112,104 |
| Bharat Electronics Ltd. | | 28,001 | | | 95,554 |
| Bharat Forge Ltd. | | 1,875 | | | 28,412 |
| Bharat Petroleum Corp. Ltd. | | 22,147 | | | 75,305 |
| Bharti Airtel Ltd. | | 8,188 | | | 151,606 |
| Bosch Ltd. | | 86 | | | 34,236 |
| Britannia Industries Ltd. | | 1,108 | | | 61,585 |
| Canara Bank | | 76,165 | | | 88,731 |
| CG Power & Industrial Solutions Ltd. | | 10,597 | | | 89,892 |
| Cipla Ltd. | | 4,501 | | | 80,215 |
| Coal India Ltd. | | 3,079 | | | 13,781 |
| Colgate-Palmolive India Ltd. | | 4,611 | | | 144,235 |
| Cummins India Ltd. | | 1,727 | | | 65,865 |
| Divi's Laboratories Ltd. | | 288 | | | 20,497 |
| Dixon Technologies India Ltd. | | 300 | | | 62,687 |
| Dr Reddy's Laboratories Ltd. | | 6,619 | | | 107,171 |
| Godrej Consumer Products Ltd. | | 1,012 | | | 12,768 |
| HCL Technologies Ltd. | | 11,573 | | | 258,418 |
HDFC Asset Management Co. Ltd. (c) | | 1,107 | | | 54,191 |
| HDFC Bank Ltd. | | 17,796 | | | 368,027 |
| Hindalco Industries Ltd. | | 19,633 | | | 137,771 |
| Hindustan Aeronautics Ltd. | | 2,418 | | | 117,685 |
| Hindustan Petroleum Corp. Ltd. | | 18,196 | | | 86,505 |
| Hindustan Unilever Ltd. | | 1,646 | | | 44,705 |
| ICICI Bank Ltd. | | 25,648 | | | 383,228 |
IDFC First Bank Ltd. (a) | | 28,379 | | | 20,879 |
| Indian Hotels Co. Ltd. | | 7,027 | | | 71,824 |
| Indian Oil Corp. Ltd. | | 20,112 | | | 31,872 |
Indus Towers Ltd. (a) | | 9,288 | | | 36,967 |
| Info Edge India Ltd. | | 263 | | | 26,594 |
| Infosys Ltd. | | 16,596 | | | 363,544 |
InterGlobe Aviation Ltd. (a)(c) | | 1,090 | | | 57,859 |
| ITC Ltd. | | 19,655 | | | 110,823 |
| Jindal Stainless Ltd. | | 3,937 | | | 32,067 |
| Kalyan Jewellers India Ltd. | | 3,460 | | | 30,902 |
| Larsen & Toubro Ltd. | | 3,216 | | | 135,183 |
LTIMindtree Ltd. (c) | | 1,341 | | | 87,183 |
| Lupin Ltd. | | 3,120 | | | 85,712 |
| Mahindra & Mahindra Ltd. | | 2,917 | | | 102,104 |
| Marico Ltd. | | 9,039 | | | 67,458 |
| Maruti Suzuki India Ltd. | | 265 | | | 33,521 |
| Max Healthcare Institute Ltd. | | 2,743 | | | 36,057 |
| Mphasis Ltd. | | 2,739 | | | 90,716 |
| MRF Ltd. | | 17 | | | 25,887 |
| Muthoot Finance Ltd. | | 1,379 | | | 34,338 |
| Nestle India Ltd. | | 4,344 | | | 109,998 |
| NMDC Ltd. | | 32,310 | | | 24,787 |
| NTPC Ltd. | | 33,542 | | | 130,301 |
| Oil & Natural Gas Corp. Ltd. | | 76,369 | | | 213,162 |
| Oracle Financial Services Software Ltd. | | 602 | | | 89,601 |
| Page Industries Ltd. | | 185 | | | 102,552 |
PB Fintech Ltd. (a) | | 1,200 | | | 29,460 |
| Persistent Systems Ltd. | | 1,696 | | | 127,492 |
| Petronet LNG Ltd. | | 22,077 | | | 89,100 |
| Pidilite Industries Ltd. | | 418 | | | 14,173 |
| Polycab India Ltd. | | 662 | | | 56,094 |
| Power Finance Corp. Ltd. | | 40,696 | | | 212,597 |
| Power Grid Corp. of India Ltd. | | 28,797 | | | 103,649 |
| Punjab National Bank | | 37,145 | | | 44,438 |
| REC Ltd. | | 29,194 | | | 170,217 |
| Reliance Industries Ltd. | | 23,292 | | | 329,875 |
| Samvardhana Motherson International Ltd. | | 50,394 | | | 91,487 |
| Shriram Finance Ltd. | | 1,481 | | | 49,855 |
| Siemens Ltd. | | 902 | | | 68,693 |
| State Bank of India | | 16,763 | | | 155,306 |
| Sun Pharmaceutical Industries Ltd. | | 3,960 | | | 87,147 |
| Supreme Industries Ltd. | | 622 | | | 34,091 |
Suzlon Energy Ltd. (a) | | 87,090 | | | 63,065 |
| Tata Consultancy Services Ltd. | | 5,564 | | | 265,522 |
| Tata Elxsi Ltd. | | 668 | | | 52,919 |
| Tata Motors Ltd. | | 28,224 | | | 243,267 |
| Tata Power Co. Ltd. | | 3,732 | | | 17,060 |
| Tata Steel Ltd. | | 13,795 | | | 22,193 |
| Tech Mahindra Ltd. | | 6,385 | | | 126,807 |
| Thermax Ltd. | | 557 | | | 26,246 |
| Torrent Pharmaceuticals Ltd. | | 1,599 | | | 62,675 |
| Torrent Power Ltd. | | 1,026 | | | 17,773 |
| Trent Ltd. | | 1,663 | | | 137,979 |
| TVS Motor Co. Ltd. | | 739 | | | 20,401 |
| UltraTech Cement Ltd. | | 514 | | | 68,466 |
| Union Bank of India Ltd. | | 48,500 | | | 67,923 |
| UPL Ltd. | | 10,304 | | | 60,191 |
| Varun Beverages Ltd. | | 10,942 | | | 81,605 |
| Vedanta Ltd. | | 8,858 | | | 45,902 |
| Voltas Ltd. | | 2,063 | | | 43,050 |
| Wipro Ltd. | | 14,506 | | | 50,974 |
Zomato Ltd. (a) | | 25,394 | | | 82,260 |
| Zydus Lifesciences Ltd. | | 1,972 | | | 22,338 |
| | | | | | 8,408,782 |
| | | | | | | |
| Indonesia - 1.4% | | |
| Alamtri Resources Indonesia Tbk PT | | 381,268 | | | 57,414 |
Amman Mineral Internasional PT (a) | | 40,911 | | | 21,458 |
| Bank Central Asia Tbk PT | | 123,856 | | | 74,238 |
| Bank Mandiri Persero Tbk PT | | 188,894 | | | 66,491 |
| Bank Rakyat Indonesia Persero Tbk PT | | 225,736 | | | 56,987 |
| Chandra Asri Pacific Tbk PT | | 168,341 | | | 78,444 |
| Indofood Sukses Makmur Tbk PT | | 213,509 | | | 102,145 |
| Kalbe Farma Tbk PT | | 364,996 | | | 30,842 |
| Sumber Alfaria Trijaya Tbk PT | | 436,922 | | | 77,367 |
| Telkom Indonesia Persero Tbk PT | | 164,206 | | | 27,486 |
| Unilever Indonesia Tbk PT | | 337,039 | | | 39,500 |
| | | | | | 632,372 |
| | | | | | | |
| Ireland - 0.7% | | |
PDD Holdings, Inc. - ADR (a) | | 3,024 | | | 293,298 |
| | | | | | | |
| Luxembourg - 0.1% | | |
| Reinet Investments SCA | | 1,203 | | | 28,505 |
| | | | | | | |
| Mexico - 1.7% | | |
| Alfa SAB de CV - Class A | | 88,214 | | | 63,587 |
| Arca Continental SAB de CV | | 5,466 | | | 45,228 |
| Cemex SAB de CV | | 248,498 | | | 139,558 |
| Coca-Cola Femsa SAB de CV | | 6,128 | | | 47,649 |
| Fomento Economico Mexicano SAB de CV | | 8,812 | | | 75,188 |
| Gruma SAB de CV - Class B | | 2,407 | | | 37,559 |
| Grupo Aeroportuario del Sureste SAB de CV - Class B | | 966 | | | 24,845 |
| Grupo Bimbo SAB de CV - Class A | | 22,325 | | | 59,263 |
| Grupo Comercial Chedraui SAB de CV | | 6,562 | | | 39,502 |
| Grupo Financiero Banorte SAB de CV | | 10,427 | | | 67,190 |
Grupo Financiero Inbursa SAB de CV (a) | | 6,795 | | | 14,156 |
| Grupo Mexico SAB de CV - Class B | | 10,922 | | | 52,004 |
| Kimberly-Clark de Mexico SAB de CV - Class A | | 10,386 | | | 14,624 |
| Wal-Mart de Mexico SAB de CV | | 34,632 | | | 91,152 |
| | | | | | 771,505 |
| | | | | | | |
| Netherlands - 0.1% | | |
| NEPI Rockcastle NV | | 7,478 | | | 54,681 |
| | | | | | | |
| Peru - 0.3% | | |
| Credicorp Ltd. | | 343 | | | 62,879 |
| Southern Copper Corp. | | 652 | | | 59,418 |
| | | | | | 122,297 |
| | | | | | | |
| Philippines - 0.2% | | |
| Bank of the Philippine Islands | | 10,746 | | | 22,664 |
| International Container Terminal Services, Inc. | | 8,994 | | | 59,867 |
| Metropolitan Bank & Trust Co. | | 18,718 | | | 23,179 |
| | | | | | 105,710 |
| | | | | | | |
| Poland - 1.0% | | |
| Alior Bank SA | | 911 | | | 18,971 |
| Bank Polska Kasa Opieki SA | | 1,261 | | | 42,151 |
| CD Projekt SA | | 1,486 | | | 68,921 |
Dino Polska SA (a)(c) | | 1,076 | | | 101,779 |
| LPP SA | | 21 | | | 79,014 |
| ORLEN SA | | 1,650 | | | 18,913 |
| Powszechna Kasa Oszczednosci Bank Polski SA | | 5,269 | | | 76,278 |
| Powszechny Zaklad Ubezpieczen SA | | 1,928 | | | 21,416 |
| Santander Bank Polska SA | | 221 | | | 24,533 |
| | | | | | 451,976 |
| | | | | | | |
| Qatar - 0.8% | | |
| Commercial Bank PSQC | | 38,147 | | | 45,579 |
| Ooredoo QPSC | | 43,064 | | | 136,608 |
| Qatar Islamic Bank QPSC | | 3,203 | | | 18,793 |
| Qatar National Bank QPSC | | 30,367 | | | 144,177 |
| | | | | | 345,157 |
| | | | | | | |
| Republic of Korea - 10.8% | | |
Alteogen, Inc. (a) | | 348 | | | 72,293 |
| Amorepacific Corp. | | 890 | | | 62,983 |
| CJ CheilJedang Corp. | | 516 | | | 88,871 |
| Coway Co. Ltd. | | 2,559 | | | 115,461 |
| DB Insurance Co. Ltd. | | 2,290 | | | 159,110 |
| GS Holdings Corp. | | 3,022 | | | 80,161 |
| Hana Financial Group, Inc. | | 3,289 | | | 125,848 |
| Hankook Tire & Technology Co. Ltd. | | 2,286 | | | 59,025 |
| Hanmi Pharm Co. Ltd. | | 325 | | | 61,460 |
| Hanmi Semiconductor Co. Ltd. | | 911 | | | 49,939 |
| Hanwha Aerospace Co. Ltd. | | 674 | | | 148,609 |
| HD Hyundai Co. Ltd. | | 1,891 | | | 101,395 |
| HD Hyundai Electric Co. Ltd. | | 386 | | | 99,243 |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a) | | 882 | | | 135,642 |
HLB, Inc. (a) | | 461 | | | 22,633 |
| Hyundai Glovis Co. Ltd. | | 1,372 | | | 109,445 |
| Hyundai Mobis Co. Ltd. | | 649 | | | 103,215 |
| Hyundai Rotem Co. Ltd. | | 1,193 | | | 40,020 |
| Industrial Bank of Korea | | 14,389 | | | 139,492 |
| KB Financial Group, Inc. | | 3,072 | | | 172,987 |
| Kia Corp. | | 2,153 | | | 145,693 |
Korea Electric Power Corp. (a) | | 2,191 | | | 29,681 |
| Korea Investment Holdings Co. Ltd. | | 1,637 | | | 78,498 |
| Korea Zinc Co. Ltd. | | 60 | | | 40,640 |
| Korean Air Lines Co. Ltd. | | 3,702 | | | 56,328 |
Krafton, Inc. (a) | | 137 | | | 28,869 |
| KT&G Corp. | | 660 | | | 47,756 |
| LG Electronics, Inc. | | 1,630 | | | 91,580 |
| LG H&H Co. Ltd. | | 441 | | | 90,709 |
| LG Uplus Corp. | | 17,913 | | | 125,251 |
| Meritz Financial Group, Inc. | | 3,475 | | | 244,141 |
| Naver Corp. | | 155 | | | 20,682 |
| NCSoft Corp. | | 360 | | | 44,454 |
Netmarble Corp. (a)(c) | | 390 | | | 13,560 |
| NH Investment & Securities Co. Ltd. | | 4,085 | | | 38,454 |
| Orion Corp. | | 1,112 | | | 76,813 |
| Samsung C&T Corp. | | 394 | | | 30,444 |
| Samsung Electro-Mechanics Co. Ltd. | | 277 | | | 22,975 |
| Samsung Electronics Co. Ltd. | | 26,151 | | | 933,246 |
| Samsung Fire & Marine Insurance Co. Ltd. | | 140 | | | 33,893 |
| Samsung Life Insurance Co. Ltd. | | 433 | | | 27,708 |
| Shinhan Financial Group Co. Ltd. | | 3,603 | | | 116,834 |
SK Biopharmaceuticals Co. Ltd. (a) | | 797 | | | 59,517 |
| SK Hynix, Inc. | | 2,775 | | | 317,988 |
| SK Telecom Co. Ltd. | | 2,581 | | | 96,715 |
| Woori Financial Group, Inc. | | 10,501 | | | 109,413 |
| Yuhan Corp. | | 305 | | | 24,574 |
| | | | | | 4,894,248 |
| | | | | | | |
Russia - 0.0%(d) | | |
Magnit PJSC (b) | | 1,813 | | | 0 |
PhosAgro PJSC - GDR (a)(b) | | 5,197 | | | 0 |
PhosAgro PJSC - GDR (a)(b) | | 33 | | | 0 |
Polyus PJSC - GDR (a)(b) | | 994 | | | 0 |
Rosneft Oil Co. PJSC (a)(b) | | 13,382 | | | 0 |
Sberbank of Russia PJSC (a)(b) | | 120,116 | | | 0 |
VTB Bank PJSC (a)(b) | | 25,684 | | | 0 |
| | | | | | 0 |
| | | | | | | |
| Singapore - 0.1% | | |
Trip.com Group Ltd. (a) | | 858 | | | 59,048 |
| | | | | | | |
| South Africa - 3.3% | | |
| Absa Group Ltd. | | 7,060 | | | 70,763 |
| Aspen Pharmacare Holdings Ltd. | | 1,868 | | | 16,318 |
| Bid Corp. Ltd. | | 3,924 | | | 89,531 |
| Bidvest Group Ltd. | | 2,662 | | | 37,156 |
| Capitec Bank Holdings Ltd. | | 481 | | | 79,906 |
| Clicks Group Ltd. | | 3,652 | | | 72,203 |
| Exxaro Resources Ltd. | | 4,901 | | | 40,834 |
| FirstRand Ltd. | | 27,764 | | | 111,367 |
| Gold Fields Ltd. | | 647 | | | 8,465 |
| Harmony Gold Mining Co. Ltd. | | 2,259 | | | 18,108 |
| Kumba Iron Ore Ltd. | | 2,710 | | | 46,980 |
| MTN Group Ltd. | | 17,514 | | | 85,122 |
| Naspers Ltd. | | 466 | | | 103,199 |
| Nedbank Group Ltd. | | 7,077 | | | 105,645 |
| Old Mutual Ltd. | | 135,406 | | | 90,042 |
| OUTsurance Group Ltd. | | 34,684 | | | 122,222 |
Pepkor Holdings Ltd. (c) | | 38,575 | | | 59,084 |
| Sanlam Ltd. | | 14,286 | | | 65,816 |
| Shoprite Holdings Ltd. | | 4,548 | | | 70,731 |
| Standard Bank Group Ltd. | | 9,042 | | | 106,254 |
| Woolworths Holdings Ltd. | | 33,147 | | | 109,304 |
| | | | | | 1,509,050 |
| | | | | | | |
| Taiwan, Province of China - 19.3% | | |
| Accton Technology Corp. | | 1,377 | | | 32,365 |
| Advantech Co. Ltd. | | 4,410 | | | 46,509 |
| ASE Technology Holding Co. Ltd. | | 32,114 | | | 157,694 |
| Asia Vital Components Co. Ltd. | | 2,137 | | | 40,314 |
| Asustek Computer, Inc. | | 3,221 | | | 60,375 |
| Catcher Technology Co. Ltd. | | 5,147 | | | 30,404 |
| Cathay Financial Holding Co. Ltd. | | 31,274 | | | 65,046 |
| Cheng Shin Rubber Industry Co. Ltd. | | 11,766 | | | 17,573 |
| China Airlines Ltd. | | 59,889 | | | 46,790 |
| Chunghwa Telecom Co. Ltd. | | 4,797 | | | 18,058 |
| Compal Electronics, Inc. | | 108,209 | | | 123,890 |
| CTBC Financial Holding Co. Ltd. | | 69,590 | | | 82,843 |
| Delta Electronics, Inc. | | 7,377 | | | 96,559 |
| eMemory Technology, Inc. | | 1,529 | | | 156,214 |
| Eva Airways Corp. | | 50,844 | | | 68,706 |
| Evergreen Marine Corp. Taiwan Ltd. | | 7,530 | | | 51,653 |
| Far Eastern New Century Corp. | | 77,139 | | | 74,283 |
| Feng TAY Enterprise Co. Ltd. | | 12,949 | | | 52,429 |
| Fortune Electric Co. Ltd. | | 3,186 | | | 54,545 |
| Fubon Financial Holding Co. Ltd. | | 34,816 | | | 95,744 |
| Global Unichip Corp. | | 1,464 | | | 60,446 |
| Hon Hai Precision Industry Co. Ltd. | | 51,229 | | | 286,404 |
| International Games System Co. Ltd. | | 5,126 | | | 152,205 |
| Jentech Precision Industrial Co. Ltd. | | 1,056 | | | 48,962 |
| KGI Financial Holding Co. Ltd. | | 135,776 | | | 71,129 |
| MediaTek, Inc. | | 12,415 | | | 533,718 |
| Mega Financial Holding Co. Ltd. | | 0 | | | 0 |
| Nien Made Enterprise Co. Ltd. | | 7,162 | | | 79,951 |
| Novatek Microelectronics Corp. | | 8,349 | | | 127,542 |
| Pegatron Corp. | | 31,716 | | | 88,688 |
| Pou Chen Corp. | | 101,977 | | | 114,588 |
| President Chain Store Corp. | | 11,257 | | | 90,260 |
| Quanta Computer, Inc. | | 7,823 | | | 68,087 |
| Realtek Semiconductor Corp. | | 7,597 | | | 131,295 |
| SinoPac Financial Holdings Co. Ltd. | | 91,425 | | | 63,741 |
| Synnex Technology International Corp. | | 18,885 | | | 40,744 |
| Taiwan Business Bank | | 72,998 | | | 33,028 |
| Taiwan Mobile Co. Ltd. | | 9,261 | | | 32,044 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | | 151,824 | | | 4,934,288 |
| Uni-President Enterprises Corp. | | 78,804 | | | 194,283 |
| Voltronic Power Technology Corp. | | 1,096 | | | 62,039 |
| Wistron Corp. | | 11,224 | | | 35,460 |
| Yuanta Financial Holding Co. Ltd. | | 69,572 | | | 72,011 |
| | | | | | 8,692,907 |
| | | | | | | |
| Thailand - 1.1% | | |
| Advanced Info Service PCL - NVDR | | 3,436 | | | 28,829 |
| Bumrungrad Hospital PCL - NVDR | | 6,853 | | | 40,008 |
| Charoen Pokphand Foods PCL - NVDR | | 42,836 | | | 28,605 |
| Delta Electronics Thailand PCL - NVDR | | 23,194 | | | 102,790 |
| Gulf Energy Development PCL - NVDR | | 13,292 | | | 23,106 |
| Intouch Holdings Plc - NVDR | | 18,090 | | | 51,328 |
| Krung Thai Bank PCL - NVDR | | 115,383 | | | 70,991 |
| PTT Exploration & Production PCL - NVDR | | 2,798 | | | 9,835 |
| PTT PCL - NVDR | | 78,733 | | | 73,406 |
| TMBThanachart Bank PCL - NVDR | | 237,026 | | | 12,917 |
True Corp. PCL (a) | | 198,121 | | | 64,312 |
| | | | | | 506,127 |
| | | | | | | |
| Turkey - 1.6% | | |
| Akbank TAS | | 63,174 | | | 115,675 |
| BIM Birlesik Magazalar AS | | 7,214 | | | 107,787 |
| Haci Omer Sabanci Holding AS | | 11,123 | | | 30,152 |
| KOC Holding AS | | 2,255 | | | 11,381 |
Turk Hava Yollari AO (a) | | 13,774 | | | 109,304 |
| Turkcell Iletisim Hizmetleri AS | | 21,177 | | | 55,457 |
| Turkiye Is Bankasi - Class C | | 452,390 | | | 172,904 |
| Yapi ve Kredi Bankasi AS | | 135,465 | | | 117,065 |
| | | | | | 719,725 |
| | | | | | | |
| United Arab Emirates - 1.3% | | |
| Abu Dhabi Commercial Bank PJSC | | 14,982 | | | 42,474 |
| Abu Dhabi Islamic Bank PJSC | | 17,866 | | | 67,221 |
| Abu Dhabi National Oil Co. for Distribution PJSC | | 12,390 | | | 11,874 |
| ADNOC Drilling Co. PJSC | | 15,229 | | | 22,090 |
| Aldar Properties PJSC | | 11,515 | | | 24,067 |
| Americana Restaurants International PLC | | 74,022 | | | 44,518 |
| Emaar Properties PJSC | | 83,571 | | | 292,753 |
| Emirates NBD Bank PJSC | | 12,146 | | | 70,976 |
| First Abu Dhabi Bank PJSC | | 7,518 | | | 28,117 |
| | | | | | 604,090 |
TOTAL COMMON STOCKS (Cost $31,439,042) | | | 43,344,401 |
| | | | | | | |
| INVESTMENT COMPANIES - 5.2% | | Shares | | | Value |
China – 2.0% iShares Core MSCI Emerging Markets ETF | | 17,563 | | | 917,140 |
| | | | | | |
Brazil – 3.2% iShares MSCI Saudi Arabia ETF (e) | | 35,372 | | | 1,444,592 |
TOTAL INVESTMENT COMPANIES (Cost $2,072,210) | | | 2,361,732 |
| | | | | | | |
| PREFERRED STOCKS - 1.9% | | Shares | | | Value |
| Brazil - 1.4% | | |
| Banco Bradesco SA - Preference Shares | | 30,105 | | | 56,607 |
| Centrais Eletricas Brasileiras SA - Preference Shares | | 3,542 | | | 21,672 |
| Cia Energetica de Minas Gerais - Preference Shares | | 41,221 | | | 73,534 |
| Gerdau SA - Preference Shares | | 20,385 | | | 59,528 |
| Itau Unibanco Holding SA - Preference Shares | | 37,716 | | | 186,578 |
| Petroleo Brasileiro SA - Preference Shares | | 43,220 | | | 255,624 |
| | | | | | | 653,543 |
| | | | | | | |
| Colombia - 0.2% | | |
| Bancolombia SA | | 10,690 | | | 85,503 |
| | | | | | | |
| Republic of Korea - 0.3% | | |
| Hyundai Motor Co. | | – | | | $– |
1st Preference Shares | | 302 | | | 30,995 |
2nd Preference Shares | | 202 | | | 21,197 |
| Samsung Electronics Co. Ltd., | | 2,759 | | | 81,948 |
| | | | | | | 134,140 |
TOTAL PREFERRED STOCKS (Cost $701,544) | | | 873,186 |
| | | | | | | |
| SHORT-TERM INVESTMENTS - 1.4% | | | | Value |
| Investments Purchased with Proceeds from Securities Lending - 1.4% | | Units | | | |
Mount Vernon Liquid Assets Portfolio, LLC, 4.51% (f) | | 612,540 | | | 612,540 |
| | | | | | | |
Money Market Funds - 0.0%(d) | | Shares | | | |
JPMorgan U.S. Government Money Market Fund - Class IM, 4.45% (f) | | 58 | | | 58 |
TOTAL SHORT-TERM INVESTMENTS (Cost $612,598) | | | 612,598 |
| | | | | | | |
TOTAL INVESTMENTS - 104.6% (Cost $34,825,394) | | | 47,191,917 |
| Liabilities in Excess of Other Assets - (4.6)% | | | (2,062,641) |
| TOTAL NET ASSETS - 100.0% | | | | | $ | 45,129,276 |
| two | | –% |
