Tax-Managed International Equity Portfolio
January 31, 2021
PORTFOLIO OF INVESTMENTS (Unaudited)
Common Stocks — 99.2%
| Security | Shares | Value | ||||||
Australia — 9.2% |
| |||||||
AGL Energy, Ltd. | 18,091 | $ | 158,143 | |||||
Ampol, Ltd. | 7,108 | 141,521 | ||||||
ASX, Ltd.(1) | 638 | 34,862 | ||||||
Atlas Arteria, Ltd. | 10,339 | 49,831 | ||||||
Atlassian Corp. PLC, Class A(2) | 1,600 | 369,808 | ||||||
Aurizon Holdings, Ltd. | 7,700 | 21,719 | ||||||
AusNet Services | 95,565 | 125,801 | ||||||
BHP Group, Ltd. | 8,972 | 299,207 | ||||||
Brambles, Ltd. | 17,422 | 140,180 | ||||||
Charter Hall Group(1) | 4,698 | 48,542 | ||||||
Charter Hall Long Wale REIT | 6,388 | 22,387 | ||||||
Coca-Cola Amatil, Ltd. | 15,577 | 155,055 | ||||||
Commonwealth Bank of Australia | 4,049 | 257,078 | ||||||
Computershare, Ltd. | 10,972 | 119,756 | ||||||
Cromwell Property Group | 20,061 | 12,368 | ||||||
CSL, Ltd. | 2,517 | 521,828 | ||||||
Dexus | 13,975 | 95,703 | ||||||
Domain Holdings Australia, Ltd. | 29,017 | 109,724 | ||||||
Domino’s Pizza Enterprises, Ltd.(1) | 933 | 65,245 | ||||||
GPT Group (The) | 22,015 | 72,348 | ||||||
GWA Group, Ltd.(1) | 11,241 | 29,441 | ||||||
Hansen Technologies, Ltd. | 14,633 | 43,115 | ||||||
Harvey Norman Holdings, Ltd.(1) | 17,000 | 68,851 | ||||||
IDP Education, Ltd.(1) | 3,186 | 55,453 | ||||||
Inghams Group, Ltd.(1) | 17,894 | 44,889 | ||||||
Integrated Research, Ltd. | 9,777 | 18,993 | ||||||
IRESS, Ltd.(1) | 3,720 | 28,267 | ||||||
James Hardie Industries PLC CDI(2) | 4,004 | 111,915 | ||||||
JB Hi-Fi, Ltd.(1) | 3,464 | 136,143 | ||||||
Medibank Pvt, Ltd. | 16,474 | 36,594 | ||||||
Mirvac Group | 41,842 | 75,506 | ||||||
National Australia Bank, Ltd. | 5,991 | 107,389 | ||||||
Newcrest Mining, Ltd. | 2,354 | 44,741 | ||||||
NEXTDC, Ltd.(2) | 5,120 | 45,083 | ||||||
Northern Star Resources, Ltd. | 3,606 | 34,896 | ||||||
Orica, Ltd. | 4,147 | 48,137 | ||||||
Qantas Airways, Ltd.(2) | 19,011 | 65,048 | ||||||
REA Group, Ltd.(1) | 1,183 | 131,495 | ||||||
Rio Tinto, Ltd. | 2,262 | 189,327 | ||||||
Santos, Ltd. | 28,331 | 139,638 | ||||||
Scentre Group(1) | 51,564 | 106,822 | ||||||
Shopping Centres Australasia Property Group | 20,523 | 36,291 | ||||||
Sonic Healthcare, Ltd. | 1,319 | 34,471 | ||||||
Spark Infrastructure Group(1) | 66,000 | 110,598 | ||||||
1
| Security | Shares | Value | ||||||
Suncorp Group, Ltd. | 4,024 | $ | 30,830 | |||||
Sydney Airport(1)(2) | 17,791 | 77,307 | ||||||
Tabcorp Holdings, Ltd. | 26,454 | 80,166 | ||||||
Technology One, Ltd.(1) | 10,774 | 70,754 | ||||||
Telstra Corp., Ltd. | 44,335 | 105,290 | ||||||
TPG Telecom, Ltd.(1)(2) | 20,255 | 113,714 | ||||||
Transurban Group(1) | 15,294 | 154,104 | ||||||
Vocus Group, Ltd.(2) | 38,063 | 119,065 | ||||||
Washington H. Soul Pattinson & Co., Ltd.(1) | 4,310 | 89,278 | ||||||
Wesfarmers, Ltd. | 7,953 | 330,124 | ||||||
Westpac Banking Corp. | 8,556 | 137,163 | ||||||
Woodside Petroleum, Ltd. | 7,652 | 142,033 | ||||||
Woolworths Group, Ltd. | 14,196 | 441,549 | ||||||
|
| |||||||
| $ | 6,455,586 | |||||||
|
| |||||||
Austria — 1.2% |
| |||||||
ams AG(2) | 3,049 | $ | 76,264 | |||||
ANDRITZ AG | 1,052 | 49,976 | ||||||
BAWAG Group AG(2)(3) | 822 | 35,739 | ||||||
CA Immobilien Anlagen AG | 2,034 | 87,600 | ||||||
Erste Group Bank AG(2) | 2,269 | 69,293 | ||||||
IMMOFINANZ AG(2) | 1,276 | 26,955 | ||||||
Lenzing AG(2) | 466 | 59,918 | ||||||
Oesterreichische Post AG(1) | 768 | 32,479 | ||||||
OMV AG | 2,540 | 106,583 | ||||||
S&T AG(2) | 1,191 | 31,258 | ||||||
Telekom Austria AG | 8,000 | 60,889 | ||||||
Verbund AG | 1,229 | 110,773 | ||||||
Wienerberger AG | 1,663 | 56,479 | ||||||
|
| |||||||
| $ | 804,206 | |||||||
|
| |||||||
Belgium — 2.2% |
| |||||||
Ackermans & van Haaren NV | 184 | $ | 28,123 | |||||
Ageas S.A./NV | 1,164 | 59,593 | ||||||
Anheuser-Busch InBev S.A./NV | 2,330 | 146,260 | ||||||
Barco NV(1) | 4,389 | 84,789 | ||||||
Befimmo S.A. | 1,120 | 47,634 | ||||||
Bekaert S.A. | 2,338 | 80,421 | ||||||
bpost S.A.(2) | 3,481 | 41,183 | ||||||
Cofinimmo S.A. | 488 | 72,955 | ||||||
D’Ieteren S.A./NV | 637 | 50,223 | ||||||
Econocom Group S.A./NV | 10,730 | 33,149 | ||||||
Elia Group S.A./NV | 938 | 112,885 | ||||||
Etablissements Franz Colruyt NV | 478 | 29,486 | ||||||
Euronav S.A. | 5,526 | 44,282 | ||||||
Groupe Bruxelles Lambert S.A. | 459 | 45,404 | ||||||
KBC Ancora(2) | 539 | 21,020 | ||||||
Orange Belgium S.A. | 3,259 | 87,907 | ||||||
Proximus SADP | 5,756 | 121,297 | ||||||
Sofina S.A. | 150 | 48,489 | ||||||
Solvay S.A.(1) | 1,005 | 114,309 | ||||||
Tessenderlo Group S.A.(2) | 1,340 | 57,174 | ||||||
UCB S.A. | 1,564 | 161,956 | ||||||
Warehouses De Pauw CVA | 2,032 | 72,960 | ||||||
|
| |||||||
| $ | 1,561,499 | |||||||
|
| |||||||
2
| Security | Shares | Value | ||||||
Denmark — 2.1% |
| |||||||
ALK-Abello A/S(2) | 138 | $ | 53,959 | |||||
Bakkafrost P/F(2) | 532 | 37,458 | ||||||
Carlsberg A/S, Class B | 904 | 132,067 | ||||||
Chr. Hansen Holding A/S(2) | 607 | 54,915 | ||||||
Drilling Co. of 1972 A/S (The)(2) | 483 | 13,224 | ||||||
DSV PANALPINA A/S | 558 | 87,062 | ||||||
Novo Nordisk A/S, Class B | 2,404 | 167,482 | ||||||
Novozymes A/S, Class B | 1,992 | 119,557 | ||||||
Orsted A/S(3) | 1,200 | 227,912 | ||||||
Pandora A/S | 1,743 | 167,723 | ||||||
Ringkjoebing Landbobank A/S | 652 | 57,277 | ||||||
Rockwool International A/S, Class B | 97 | 36,593 | ||||||
Royal Unibrew A/S | 227 | 22,408 | ||||||
SimCorp A/S | 792 | 102,512 | ||||||
Sydbank A/S(2) | 1,310 | 27,218 | ||||||
Topdanmark A/S | 972 | 44,881 | ||||||
Tryg A/S | 1,584 | 49,279 | ||||||
Vestas Wind Systems A/S | 342 | 73,434 | ||||||
|
| |||||||
| $ | 1,474,961 | |||||||
|
| |||||||
Finland — 2.3% |
| |||||||
Citycon Oyj(1) | 2,400 | $ | 23,513 | |||||
Elisa Oyj | 2,351 | 139,971 | ||||||
Fortum Oyj | 7,644 | 184,892 | ||||||
Huhtamaki Oyj | 736 | 36,090 | ||||||
Kemira Oyj | 2,727 | 46,160 | ||||||
Kesko Oyj, Class B | 7,675 | 199,294 | ||||||
Kone Oyj, Class B | 1,249 | 98,228 | ||||||
Neste Oyj | 2,706 | 190,612 | ||||||
Nokia Oyj(2) | 23,544 | 113,143 | ||||||
Nordea Bank Abp(2) | 10,249 | 83,065 | ||||||
Orion Oyj, Class B(1) | 2,432 | 111,584 | ||||||
Sampo Oyj, Class A | 1,342 | 56,420 | ||||||
TietoEVRY Oyj | 956 | 31,412 | ||||||
Tokmanni Group Corp. | 7,427 | 143,770 | ||||||
UPM-Kymmene Oyj | 2,265 | 80,933 | ||||||
Valmet Oyj | 1,377 | 44,082 | ||||||
|
| |||||||
| $ | 1,583,169 | |||||||
|
| |||||||
France — 8.8% |
| |||||||
Air Liquide S.A. | 4,818 | $ | 787,969 | |||||
Alstom S.A.(2) | 840 | 45,544 | ||||||
Altarea SCA | 208 | 34,677 | ||||||
Alten S.A.(2) | 634 | 66,753 | ||||||
Atos SE(2) | 1,046 | 80,270 | ||||||
AXA S.A. | 8,332 | 184,590 | ||||||
BNP Paribas S.A.(2) | 1,912 | 91,691 | ||||||
Bouygues S.A. | 1,100 | 43,155 | ||||||
Cie Generale des Etablissements Michelin SCA | 623 | 85,854 | ||||||
CNP Assurances(2) | 2,759 | 41,816 | ||||||
Covivio | 1,309 | 107,482 | ||||||
Danone S.A. | 2,873 | 191,050 | ||||||
Dassault Systemes SE | 1,540 | 307,420 | ||||||
Devoteam S.A.(2) | 373 | 44,298 | ||||||
3
| Security | Shares | Value | ||||||
Engie S.A.(2) | 22,570 | $ | 350,270 | |||||
EssilorLuxottica S.A. | 1,642 | 232,273 | ||||||
Eurazeo SE(2) | 634 | 44,402 | ||||||
Gecina S.A. | 1,055 | 149,888 | ||||||
Getlink SE(2) | 2,197 | 33,857 | ||||||
Hermes International | 100 | 102,034 | ||||||
Klepierre S.A.(1) | 3,270 | 78,373 | ||||||
Legrand S.A. | 560 | 51,457 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 650 | 392,987 | ||||||
Orange S.A. | 31,518 | 369,909 | ||||||
Pernod-Ricard S.A. | 1,615 | 304,366 | ||||||
Safran S.A.(2) | 692 | 86,990 | ||||||
Sanofi | 5,890 | 553,944 | ||||||
SCOR SE(2) | 1,880 | 57,168 | ||||||
Societe BIC S.A. | 422 | 24,085 | ||||||
Suez S.A. | 5,207 | 106,866 | ||||||
Teleperformance | 177 | 57,894 | ||||||
Thales S.A. | 600 | 53,836 | ||||||
TOTAL SE | 11,380 | 479,648 | ||||||
Veolia Environnement S.A. | 5,261 | 140,196 | ||||||
Vinci S.A. | 1,159 | 107,472 | ||||||
Vivendi S.A. | 3,886 | 119,411 | ||||||
Wendel SE | 356 | 41,099 | ||||||
Worldline S.A.(2)(3) | 1,186 | 100,253 | ||||||
|
| |||||||
| $ | 6,151,247 | |||||||
|
| |||||||
Germany — 9.0% |
| |||||||
adidas AG(2) | 579 | $ | 183,589 | |||||
Allianz SE | 1,358 | 306,920 | ||||||
Aroundtown S.A. | 9,891 | 68,666 | ||||||
BASF SE | 6,113 | 472,450 | ||||||
Bayer AG | 2,172 | 131,456 | ||||||
Bayerische Motoren Werke AG | 1,291 | 109,307 | ||||||
Beiersdorf AG | 2,259 | 246,581 | ||||||
Continental AG | 589 | 82,433 | ||||||
Delivery Hero SE(2) | 754 | 114,521 | ||||||
Deutsche Boerse AG | 570 | 91,515 | ||||||
Deutsche Lufthansa AG(2) | 2,863 | 36,883 | ||||||
Deutsche Telekom AG | 26,429 | 469,975 | ||||||
Deutsche Wohnen SE | 3,837 | 189,880 | ||||||
E.ON SE | 27,081 | 286,477 | ||||||
Fraport AG Frankfurt Airport Services Worldwide(2) | 341 | 18,474 | ||||||
Fresenius SE & Co. KGaA | 2,385 | 106,211 | ||||||
HeidelbergCement AG | 818 | 60,466 | ||||||
Henkel AG & Co. KGaA | 2,341 | 218,895 | ||||||
Hochtief AG | 235 | 21,850 | ||||||
HUGO BOSS AG | 915 | 32,569 | ||||||
Knorr-Bremse AG | 346 | 45,787 | ||||||
KWS Saat SE and Co. KGaA | 425 | 37,179 | ||||||
Merck KGaA | 988 | 164,669 | ||||||
Metro AG | 7,704 | 89,897 | ||||||
MTU Aero Engines AG | 354 | 82,140 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 660 | 175,004 | ||||||
4
| Security | Shares | Value | ||||||
Puma SE(2) | 927 | $ | 90,710 | |||||
QIAGEN NV(2) | 1,735 | 94,069 | ||||||
Rational AG | 97 | 93,244 | ||||||
RWE AG | 7,472 | 320,984 | ||||||
SAP SE | 4,054 | 514,404 | ||||||
Siemens AG | 2,649 | 410,436 | ||||||
Siemens Energy AG(2) | 1,324 | 48,927 | ||||||
Siemens Healthineers AG(3) | 1,428 | 80,084 | ||||||
Symrise AG | 1,413 | 175,839 | ||||||
TAG Immobilien AG | 1,340 | 41,147 | ||||||
Telefonica Deutschland Holding AG | 39,958 | 109,503 | ||||||
Vonovia SE | 4,578 | 305,673 | ||||||
Zalando SE(2)(3) | 1,079 | 123,719 | ||||||
|
| |||||||
| $ | 6,252,533 | |||||||
|
| |||||||
Hong Kong — 4.4% |
| |||||||
AIA Group, Ltd. | 17,000 | $ | 204,965 | |||||
Alibaba Health Information Technology, Ltd.(2) | 102,000 | 317,993 | ||||||
ASM Pacific Technology, Ltd. | 3,600 | 52,277 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(1) | 33,000 | 35,397 | ||||||
BOC Hong Kong Holdings, Ltd. | 7,000 | 20,874 | ||||||
Budweiser Brewing Co. APAC Ltd.(3) | 48,200 | 161,151 | ||||||
Cafe de Coral Holdings, Ltd. | 22,000 | 45,168 | ||||||
China Youzan, Ltd.(2) | 332,000 | 142,527 | ||||||
Chow Tai Fook Jewellery Group, Ltd. | 63,400 | 76,118 | ||||||
CK Hutchison Holdings, Ltd. | 22,000 | 151,823 | ||||||
CLP Holdings, Ltd. | 15,000 | 140,768 | ||||||
Dairy Farm International Holdings, Ltd. | 13,400 | 57,671 | ||||||
Hang Lung Properties, Ltd. | 14,000 | 37,204 | ||||||
Hang Seng Bank, Ltd. | 2,400 | 43,283 | ||||||
Henderson Land Development Co., Ltd. | 15,260 | 62,413 | ||||||
HK Electric Investments & HK Electric Investments, Ltd. | 34,000 | 33,561 | ||||||
HKBN, Ltd. | 35,000 | 50,633 | ||||||
HKT Trust and HKT, Ltd. | 89,000 | 117,140 | ||||||
Hong Kong & China Gas Co., Ltd. | 71,578 | 102,803 | ||||||
Hong Kong Exchanges & Clearing, Ltd. | 2,200 | 140,651 | ||||||
Hongkong Land Holdings, Ltd. | 8,100 | 37,344 | ||||||
Jardine Matheson Holdings, Ltd. | 2,800 | 161,384 | ||||||
Jardine Strategic Holdings, Ltd. | 1,800 | 46,665 | ||||||
Kerry Properties, Ltd. | 10,000 | 25,881 | ||||||
Link REIT | 9,000 | 78,077 | ||||||
MTR Corp., Ltd. | 12,500 | 72,541 | ||||||
Nexteer Automotive Group, Ltd. | 48,000 | 76,967 | ||||||
NOVA Group Holdings, Ltd. | 80,000 | 1,169 | ||||||
NWS Holdings, Ltd. | 25,000 | 24,037 | ||||||
Power Assets Holdings, Ltd. | 14,000 | 74,293 | ||||||
Sands China, Ltd. | 24,000 | 95,312 | ||||||
Shangri-La Asia, Ltd.(2) | 48,000 | 40,789 | ||||||
SJM Holdings, Ltd. | 36,000 | 38,599 | ||||||
Sun Hung Kai Properties, Ltd. | 5,000 | 68,301 | ||||||
SUNeVision Holdings, Ltd. | 42,000 | 37,976 | ||||||
Swire Pacific, Ltd., Class A | 4,000 | 24,998 | ||||||
Town Health International Medical Group, Ltd.(2)(4) | 266,000 | 0 | ||||||
5
| Security | Shares | Value | ||||||
VSTECS Holdings, Ltd. | 60,000 | $ | 52,384 | |||||
VTech Holdings, Ltd. | 3,500 | 27,980 | ||||||
Wharf Real Estate Investment Co., Ltd. | 10,000 | 52,816 | ||||||
Yue Yuen Industrial Holdings, Ltd. | 22,000 | 47,857 | ||||||
|
| |||||||
| $ | 3,079,790 | |||||||
|
| |||||||
Ireland — 2.1% |
| |||||||
AIB Group PLC(1)(2) | 31,309 | $ | 55,673 | |||||
Bank of Ireland Group PLC(2) | 36,925 | 137,172 | ||||||
CRH PLC(2) | 6,065 | 248,876 | ||||||
Flutter Entertainment PLC(2) | 1,363 | 253,782 | ||||||
Grafton Group PLC | 3,665 | 43,274 | ||||||
ICON PLC(2) | 980 | 199,734 | ||||||
Irish Residential Properties REIT PLC | 42,500 | 74,668 | ||||||
Kerry Group PLC, Class A | 1,947 | 264,221 | ||||||
Kingspan Group PLC(2) | 2,175 | 147,651 | ||||||
UDG Healthcare PLC | 4,495 | 50,119 | ||||||
|
| |||||||
| $ | 1,475,170 | |||||||
|
| |||||||
Israel — 2.4% |
| |||||||
Amot Investments, Ltd. | 5,499 | $ | 30,288 | |||||
Azrieli Group, Ltd. | 1,206 | 73,313 | ||||||
Bank Hapoalim B.M.(2) | 8,234 | 57,944 | ||||||
Bank Leumi Le-Israel B.M. | 9,550 | 58,851 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd.(2) | 126,713 | 130,589 | ||||||
Check Point Software Technologies, Ltd.(2) | 385 | 49,180 | ||||||
Elbit Systems, Ltd. | 637 | 87,919 | ||||||
Electra, Ltd. | 173 | 90,912 | ||||||
Fattal Holdings 1998, Ltd.(2) | 817 | 79,206 | ||||||
First International Bank of Israel, Ltd. | 1,152 | 30,081 | ||||||
ICL Group, Ltd | 34,547 | 183,795 | ||||||
Kenon Holdings, Ltd. | 2,504 | 67,962 | ||||||
Maytronics, Ltd. | 4,367 | 75,781 | ||||||
Melisron, Ltd. | 729 | 37,433 | ||||||
Mizrahi Tefahot Bank, Ltd. | 1,469 | 34,164 | ||||||
Nice, Ltd.(2) | 490 | 127,759 | ||||||
Paz Oil Co., Ltd. | 650 | 63,891 | ||||||
Reit 1, Ltd. | 7,407 | 34,105 | ||||||
Shufersal, Ltd. | 7,005 | 58,260 | ||||||
Strauss Group, Ltd. | 3,028 | 86,331 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR(2) | 15,917 | 187,502 | ||||||
|
| |||||||
| $ | 1,645,266 | |||||||
|
| |||||||
Italy — 4.4% |
| |||||||
Assicurazioni Generali SpA | 4,184 | $ | 71,408 | |||||
ASTM SpA(2) | 2,079 | 46,258 | ||||||
Atlantia SpA(2) | 4,194 | 66,441 | ||||||
Autogrill SpA(1)(2) | 2,584 | 13,676 | ||||||
Bio-On SpA(2)(4) | 2,850 | 0 | ||||||
Brunello Cucinelli SpA(1)(2) | 1,252 | 50,117 | ||||||
Cementir Holding NV | 6,913 | 56,797 | ||||||
COSMO Pharmaceuticals NV(1)(2) | 417 | 38,070 | ||||||
Davide Campari-Milano NV | 18,866 | 202,778 | ||||||
De’Longhi SpA | 1,200 | 43,066 | ||||||
DiaSorin SpA | 977 | 213,654 | ||||||
Enav SpA(3) | 5,849 | 24,788 | ||||||
6
| Security | Shares | Value | ||||||
Enel SpA | 29,175 | $ | 289,357 | |||||
Eni SpA | 21,212 | 214,258 | ||||||
Ferrari NV | 1,054 | 219,326 | ||||||
Infrastrutture Wireless Italiane SpA(3) | 25,801 | 277,082 | ||||||
Interpump Group SpA | 778 | 34,893 | ||||||
Intesa Sanpaolo SpA(2) | 69,966 | 152,533 | ||||||
Italgas SpA | 7,381 | 44,269 | ||||||
Italmobiliare SpA | 1,360 | 45,215 | ||||||
Leonardo SpA | 4,673 | 32,378 | ||||||
Mediaset SpA(2) | 9,790 | 25,330 | ||||||
Mediobanca Banca di Credito Finanziario SpA(2) | 2,651 | 23,592 | ||||||
Poste Italiane SpA(3) | 5,564 | 54,371 | ||||||
Prada SpA(2) | 6,900 | 42,400 | ||||||
RAI Way SpA(3) | 4,122 | 25,425 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 2,026 | 104,844 | ||||||
Reply SpA | 996 | 121,837 | ||||||
Retelit SpA | 14,503 | 40,093 | ||||||
Salvatore Ferragamo SpA(2) | 2,265 | 44,056 | ||||||
Saras SpA(1)(2) | 14,538 | 9,539 | ||||||
STMicroelectronics NV | 7,572 | 303,549 | ||||||
Technogym SpA(1)(2)(3) | 2,741 | 27,998 | ||||||
Terna Rete Elettrica Nazionale SpA | 8,968 | 65,037 | ||||||
UnipolSai Assicurazioni SpA | 10,716 | 27,144 | ||||||
|
| |||||||
| $ | 3,051,579 | |||||||
|
| |||||||
Japan — 12.7% |
| |||||||
Activia Properties, Inc. | 6 | $ | 23,992 | |||||
Aeon Mall Co., Ltd. | 1,800 | 29,140 | ||||||
Air Water, Inc. | 2,000 | 32,335 | ||||||
Ajinomoto Co., Inc. | 2,100 | 49,657 | ||||||
ANA Holdings, Inc.(2) | 1,100 | 23,392 | ||||||
Asahi Group Holdings, Ltd. | 1,200 | 48,447 | ||||||
Asahi Kasei Corp. | 6,000 | 66,719 | ||||||
Bandai Namco Holdings, Inc. | 1,300 | 110,852 | ||||||
Bridgestone Corp. | 900 | 33,532 | ||||||
Canon, Inc. | 3,000 | 66,364 | ||||||
Central Japan Railway Co. | 200 | 28,638 | ||||||
Chubu Electric Power Co., Inc. | 6,200 | 75,936 | ||||||
Chugai Pharmaceutical Co., Ltd. | 2,700 | 141,289 | ||||||
Chugoku Electric Power Co., Inc. (The) | 4,500 | 55,489 | ||||||
Citizen Watch Co., Ltd. | 8,200 | 24,934 | ||||||
Daicel Corp. | 3,400 | 25,864 | ||||||
Daido Steel Co., Ltd. | 700 | 28,645 | ||||||
Daiichi Sankyo Co., Ltd. | 3,600 | 115,888 | ||||||
Daikin Industries, Ltd. | 500 | 105,566 | ||||||
Daiwa House REIT Investment Corp. | 23 | 61,958 | ||||||
Daiwa Securities Group, Inc. | 7,000 | 33,316 | ||||||
Dentsu Group, Inc. | 1,000 | 31,895 | ||||||
East Japan Railway Co. | 600 | 39,577 | ||||||
ENEOS Holdings, Inc. | 37,400 | 151,573 | ||||||
Fast Retailing Co., Ltd. | 100 | 85,952 | ||||||
Frontier Real Estate Investment Corp. | 8 | 32,821 | ||||||
FUJIFILM Holdings Corp. | 1,700 | 97,379 | ||||||
7
| Security | Shares | Value | ||||||
GLP J-REIT | 28 | $ | 45,109 | |||||
Hankyu Hanshin Holdings, Inc. | 1,000 | 32,355 | ||||||
Hirose Electric Co., Ltd. | 315 | 49,458 | ||||||
Hitachi, Ltd. | 1,900 | 78,271 | ||||||
Hulic Co., Ltd. | 4,000 | 45,224 | ||||||
Inpex Corp. | 11,000 | 63,674 | ||||||
ITOCHU Corp.(1) | 1,500 | 42,958 | ||||||
Iwatani Corp. | 1,000 | 61,681 | ||||||
Japan Airlines Co., Ltd.(2) | 900 | 16,065 | ||||||
Japan Exchange Group, Inc. | 2,100 | 49,025 | ||||||
Japan Hotel REIT Investment Corp. | 63 | 31,735 | ||||||
Japan Post Bank Co., Ltd.(1) | 4,800 | 41,506 | ||||||
Japan Post Holdings Co., Ltd. | 5,300 | 42,149 | ||||||
Japan Prime Realty Investment Corp. | 11 | 38,809 | ||||||
Japan Real Estate Investment Corp. | 11 | 67,032 | ||||||
Japan Retail Fund Investment Corp. | 31 | 58,824 | ||||||
Japan Tobacco, Inc. | 3,200 | 63,566 | ||||||
JFE Holdings, Inc.(2) | 4,200 | 36,441 | ||||||
Kajima Corp. | 2,000 | 26,797 | ||||||
Kakaku.com, Inc. | 1,900 | 55,029 | ||||||
Kamigumi Co., Ltd. | 1,500 | 26,462 | ||||||
Kansai Electric Power Co., Inc. (The) | 8,700 | 85,298 | ||||||
Kansai Paint Co., Ltd. | 1,400 | 41,209 | ||||||
Kao Corp. | 1,000 | 72,557 | ||||||
KDDI Corp. | 6,400 | 188,113 | ||||||
Kenedix Office Investment Corp. | 6 | 38,618 | ||||||
Keyence Corp. | 400 | 214,752 | ||||||
Kintetsu Group Holdings Co., Ltd. | 800 | 33,671 | ||||||
Kirin Holdings Co., Ltd. | 2,400 | 51,586 | ||||||
Kuraray Co., Ltd. | 2,500 | 26,784 | ||||||
Kyushu Electric Power Co., Inc. | 4,800 | 44,530 | ||||||
Lion Corp. | 2,100 | 47,997 | ||||||
Makita Corp. | 1,000 | 47,720 | ||||||
Marubeni Corp. | 7,000 | 46,510 | ||||||
Maruichi Steel Tube, Ltd. | 1,200 | 25,908 | ||||||
MEIJI Holdings Co., Ltd. | 500 | 34,130 | ||||||
Mitsubishi Chemical Holdings Corp. | 5,000 | 34,200 | ||||||
Mitsubishi Corp. | 1,300 | 32,932 | ||||||
Mitsubishi Estate Co., Ltd. | 5,400 | 85,428 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 32,200 | 145,408 | ||||||
Mitsui & Co., Ltd. | 3,900 | 72,363 | ||||||
Mizuho Financial Group, Inc. | 6,730 | 88,717 | ||||||
Mori Hills REIT Investment Corp. | 25 | 34,850 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,800 | 51,788 | ||||||
Murata Manufacturing Co., Ltd. | 1,500 | 144,072 | ||||||
NEC Corp. | 1,500 | 81,613 | ||||||
Nexon Co., Ltd. | 1,200 | 36,412 | ||||||
NH Foods, Ltd. | 1,000 | 42,853 | ||||||
Nintendo Co., Ltd. | 300 | 172,691 | ||||||
Nippon Accommodations Fund, Inc. | 8 | 44,023 | ||||||
Nippon Building Fund, Inc. | 11 | 66,441 | ||||||
Nippon Paint Holdings Co., Ltd. | 1,200 | 107,910 | ||||||
Nippon Prologis REIT, Inc. | 26 | 84,757 | ||||||
8
| Security | Shares | Value | ||||||
Nippon Sanso Holdings Corp. | 1,300 | $ | 25,060 | |||||
Nippon Shokubai Co., Ltd. | 600 | 33,605 | ||||||
Nippon Steel Corp.(2) | 4,500 | 51,982 | ||||||
Nippon Telegraph & Telephone Corp. | 6,800 | 169,958 | ||||||
Nissan Chemical Corp. | 900 | 51,263 | ||||||
Nissin Foods Holdings Co., Ltd. | 400 | 34,574 | ||||||
Nitori Holdings Co., Ltd. | 400 | 79,385 | ||||||
Nomura Real Estate Master Fund, Inc. | 21 | 31,974 | ||||||
Nomura Research Institute, Ltd. | 2,000 | 67,369 | ||||||
NTT Data Corp. | 4,400 | 63,189 | ||||||
Obic Co., Ltd. | 300 | 56,131 | ||||||
Oji Holdings Corp. | 4,300 | 25,996 | ||||||
Olympus Corp. | 5,100 | 92,212 | ||||||
Ono Pharmaceutical Co., Ltd. | 2,500 | 74,623 | ||||||
Oriental Land Co., Ltd. | 500 | 78,256 | ||||||
ORIX Corp. | 3,500 | 56,161 | ||||||
Orix JREIT, Inc. | 26 | 43,598 | ||||||
Otsuka Holdings Co., Ltd. | 2,400 | 102,483 | ||||||
Pan Pacific International Holdings Corp. | 2,000 | 44,912 | ||||||
Rakuten, Inc. | 3,000 | 29,528 | ||||||
Recruit Holdings Co., Ltd. | 2,300 | 100,044 | ||||||
Resona Holdings, Inc. | 7,500 | 26,035 | ||||||
Ricoh Co., Ltd. | 4,000 | 30,328 | ||||||
Rinnai Corp. | 600 | 62,669 | ||||||
Sekisui House, Ltd.(1) | 2,000 | 38,641 | ||||||
Seven & i Holdings Co., Ltd. | 2,200 | 84,014 | ||||||
Shikoku Electric Power Co., Inc. | 5,200 | 35,412 | ||||||
Shimadzu Corp. | 1,200 | 45,877 | ||||||
Shimano, Inc. | 300 | 70,342 | ||||||
Shin-Etsu Chemical Co., Ltd. | 1,300 | 226,302 | ||||||
Shionogi & Co., Ltd. | 1,100 | 59,719 | ||||||
SoftBank Corp. | 4,000 | 52,546 | ||||||
Sompo Holdings, Inc. | 1,600 | 63,892 | ||||||
Sony Corp. | 1,600 | 153,140 | ||||||
Subaru Corp. | 1,100 | 21,131 | ||||||
Sumitomo Corp. | 1,600 | 21,239 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,500 | 108,739 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,500 | 44,877 | ||||||
Suntory Beverage & Food, Ltd. | 900 | 31,439 | ||||||
Suzuki Motor Corp. | 1,000 | 45,128 | ||||||
Sysmex Corp. | 500 | 58,331 | ||||||
Taiheiyo Cement Corp. | 1,500 | 37,346 | ||||||
Takeda Pharmaceutical Co., Ltd. | 3,800 | 133,644 | ||||||
TEIJIN, Ltd. | 1,400 | 25,612 | ||||||
Terumo Corp. | 1,800 | 69,958 | ||||||
Toho Gas Co., Ltd. | 1,500 | 88,179 | ||||||
Tokio Marine Holdings, Inc. | 2,000 | 98,242 | ||||||
Tokyo Gas Co., Ltd. | 3,800 | 83,268 | ||||||
Tokyu Corp. | 2,000 | 23,516 | ||||||
Toppan Printing Co., Ltd. | 2,000 | 28,444 | ||||||
Toray Industries, Inc. | 9,300 | 60,680 | ||||||
Toshiba Corp.(1) | 1,800 | 58,781 | ||||||
Toyo Suisan Kaisha, Ltd. | 1,000 | 49,214 | ||||||
9
| Security | Shares | Value | ||||||
Toyobo Co., Ltd. | 1,800 | $ | 22,592 | |||||
Toyota Motor Corp. | 2,600 | 182,353 | ||||||
Trend Micro, Inc.(2) | 600 | 33,021 | ||||||
Tsuruha Holdings, Inc. | 200 | 26,558 | ||||||
Unicharm Corp. | 1,500 | 67,274 | ||||||
United Urban Investment Corp. | 36 | 48,979 | ||||||
West Japan Railway Co. | 400 | 21,324 | ||||||
Yakult Honsha Co., Ltd. | 600 | 30,646 | ||||||
Yamato Holdings Co., Ltd. | 2,000 | 49,621 | ||||||
Yamato Kogyo Co., Ltd. | 1,000 | 25,272 | ||||||
Yamazaki Baking Co., Ltd. | 2,000 | 36,822 | ||||||
Z Holdings Corp. | 11,200 | 69,578 | ||||||
|
| |||||||
| $ | 8,882,189 | |||||||
|
| |||||||
Netherlands — 4.6% |
| |||||||
ABN AMRO Bank NV(2)(3) | 1,800 | $ | 18,799 | |||||
Accell Group(2) | 1,483 | 52,529 | ||||||
Akzo Nobel NV | 2,765 | 281,475 | ||||||
Arcadis NV(2) | 949 | 33,272 | ||||||
ASML Holding NV | 970 | 517,838 | ||||||
ASR Nederland NV | 1,620 | 62,798 | ||||||
Corbion NV | 2,072 | 121,004 | ||||||
Eurocommercial Properties NV(2) | 1,255 | 24,218 | ||||||
Euronext NV(3) | 412 | 44,371 | ||||||
GrandVision NV(2)(3) | 1,280 | 38,018 | ||||||
IMCD NV | 840 | 104,247 | ||||||
ING Groep NV(2) | 19,984 | 177,685 | ||||||
JDE Peet’s NV(2) | 4,140 | 159,635 | ||||||
Koninklijke KPN NV | 80,454 | 251,338 | ||||||
Koninklijke Philips NV(2) | 7,493 | 408,437 | ||||||
Koninklijke Vopak NV | 1,452 | 73,490 | ||||||
NN Group NV | 1,992 | 82,970 | ||||||
NSI NV | 1,000 | 41,230 | ||||||
Pharming Group NV(1)(2) | 14,084 | 19,993 | ||||||
Prosus NV | 2,848 | 332,734 | ||||||
Randstad NV(2) | 1,087 | 67,913 | ||||||
SBM Offshore NV | 4,496 | 77,173 | ||||||
Signify NV(2)(3) | 769 | 36,694 | ||||||
Wolters Kluwer NV | 2,003 | 166,430 | ||||||
|
| |||||||
| $ | 3,194,291 | |||||||
|
| |||||||
New Zealand — 1.1% |
| |||||||
a2 Milk Co., Ltd. (The)(1)(2) | 5,085 | $ | 41,936 | |||||
Auckland International Airport, Ltd.(2) | 12,240 | 65,116 | ||||||
Contact Energy, Ltd. | 9,580 | 55,910 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. | 3,040 | 75,342 | ||||||
Fletcher Building, Ltd.(2) | 27,491 | 122,194 | ||||||
Goodman Property Trust | 27,739 | 44,809 | ||||||
Mercury NZ, Ltd. | 13,643 | 69,576 | ||||||
Precinct Properties New Zealand, Ltd. | 27,851 | 34,380 | ||||||
Pushpay Holdings, Ltd.(2) | 16,676 | 19,646 | ||||||
Restaurant Brands New Zealand, Ltd.(2) | 1,138 | 9,584 | ||||||
SKYCITY Entertainment Group, Ltd. | 23,126 | 50,387 | ||||||
Spark New Zealand, Ltd. | 29,667 | 101,857 | ||||||
Xero, Ltd.(2) | 655 | 64,615 | ||||||
10
| Security | Shares | Value | ||||||
Z Energy, Ltd.(2) | 22,601 | $ | 47,722 | |||||
|
| |||||||
| $ | 803,074 | |||||||
|
| |||||||
Norway — 2.2% |
| |||||||
Atea ASA | 6,274 | $ | 95,460 | |||||
Borregaard ASA | 2,485 | 45,480 | ||||||
DNB ASA(2) | 4,962 | 96,602 | ||||||
Entra ASA(1)(3) | 6,540 | 145,550 | ||||||
Equinor ASA | 6,138 | 110,000 | ||||||
Europris ASA(3) | 9,810 | 54,321 | ||||||
Fjordkraft Holding ASA(3) | 4,604 | 39,104 | ||||||
Gjensidige Forsikring ASA | 1,701 | 39,116 | ||||||
Golar LNG, Ltd.(1)(2) | 2,500 | 27,075 | ||||||
Kongsberg Gruppen ASA | 1,873 | 36,230 | ||||||
Mowi ASA | 4,027 | 89,202 | ||||||
Nordic Nanovector ASA(1)(2) | 8,892 | 14,125 | ||||||
Opera, Ltd. ADR(2) | 6,200 | 53,382 | ||||||
Orkla ASA | 8,207 | 79,778 | ||||||
Scatec ASA | 3,300 | 124,869 | ||||||
SFL Corp, Ltd. | 2,400 | 15,168 | ||||||
SpareBank 1 SR-Bank ASA(2) | 2,455 | 26,928 | ||||||
Telenor ASA | 9,462 | 156,089 | ||||||
Tomra Systems ASA | 2,037 | 93,226 | ||||||
Veidekke ASA | 3,671 | 44,143 | ||||||
Yara International ASA | 3,318 | 154,288 | ||||||
|
| |||||||
| $ | 1,540,136 | |||||||
|
| |||||||
Portugal — 1.1% |
| |||||||
Banco Comercial Portugues S.A.(2) | 599,339 | $ | 83,028 | |||||
Corticeira Amorim SGPS S.A. | 4,721 | 63,794 | ||||||
CTT - Correios de Portugal S.A.(2) | 18,519 | 53,628 | ||||||
EDP - Energias de Portugal S.A. | 19,728 | 123,757 | ||||||
EDP Renovaveis S.A. | 1,584 | 43,380 | ||||||
Galp Energia SGPS S.A., Class B | 11,834 | 118,779 | ||||||
Jeronimo Martins SGPS S.A. | 7,890 | 129,026 | ||||||
Navigator Co. S.A. (The) | 20,914 | 62,767 | ||||||
NOS SGPS S.A. | 22,214 | 76,603 | ||||||
Semapa-Sociedade de Investimento e Gestao | 1,523 | 16,175 | ||||||
|
| |||||||
| $ | 770,937 | |||||||
|
| |||||||
Singapore — 2.2% |
| |||||||
Ascendas Real Estate Investment Trust | 23,500 | $ | 54,222 | |||||
CapitaLand Integrated Commercial Trust | 30,560 | 48,824 | ||||||
ComfortDelGro Corp., Ltd. | 36,500 | 43,310 | ||||||
Ezion Holdings, Ltd.(2)(4) | 160,000 | 0 | ||||||
Flex, Ltd.(2) | 7,557 | 133,305 | ||||||
Genting Singapore, Ltd. | 146,700 | 94,150 | ||||||
Hutchison Port Holdings Trust | 187,500 | 38,291 | ||||||
Jardine Cycle & Carriage, Ltd. | 2,600 | 42,042 | ||||||
Keppel Infrastructure Trust | 106,657 | 44,476 | ||||||
Mapletree Industrial Trust | 17,200 | 37,036 | ||||||
Mapletree Logistics Trust | 30,900 | 45,829 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 14,700 | 113,929 | ||||||
Raffles Medical Group, Ltd. | 38,400 | 26,938 | ||||||
SATS, Ltd.(2) | 7,300 | 21,073 | ||||||
Sembcorp Industries, Ltd. | 21,400 | 26,441 | ||||||
11
| Security | Shares | Value | ||||||
Singapore Airlines, Ltd.(2) | 14,800 | $ | 45,652 | |||||
Singapore Exchange, Ltd. | 7,000 | 52,003 | ||||||
Singapore Post, Ltd. | 26,100 | 13,516 | ||||||
Singapore Technologies Engineering, Ltd. | 19,500 | 54,368 | ||||||
Singapore Telecommunications, Ltd. | 108,900 | 192,921 | ||||||
Suntec Real Estate Investment Trust | 27,000 | 32,350 | ||||||
United Overseas Bank, Ltd. | 4,500 | 79,064 | ||||||
Venture Corp., Ltd. | 5,000 | 74,310 | ||||||
Wilmar International, Ltd. | 58,400 | 231,144 | ||||||
|
| |||||||
| $ | 1,545,194 | |||||||
|
| |||||||
Spain — 4.4% |
| |||||||
Acerinox S.A. | 4,630 | $ | 51,409 | |||||
Aena SME S.A.(2)(3) | 685 | 105,638 | ||||||
Almirall S.A. | 5,461 | 74,769 | ||||||
Amadeus IT Group S.A. | 5,033 | 321,323 | ||||||
Applus Services S.A.(2) | 2,203 | 22,034 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 32,747 | 149,415 | ||||||
Banco Santander S.A.(2) | 77,696 | 226,787 | ||||||
CaixaBank S.A. | 13,396 | 33,805 | ||||||
Cellnex Telecom S.A.(3) | 2,405 | 140,894 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. | 1,300 | 24,456 | ||||||
Ebro Foods S.A.(1) | 2,380 | 51,894 | ||||||
Endesa S.A. | 1,800 | 46,003 | ||||||
Faes Farma S.A. | 13,216 | 58,911 | ||||||
Ferrovial S.A. | 5,255 | 125,981 | ||||||
Grifols S.A.(1) | 6,503 | 191,433 | ||||||
Iberdrola S.A. | 26,615 | 360,345 | ||||||
Iberdrola S.A. | 380 | 5,161 | ||||||
Industria de Diseno Textil S.A. | 10,118 | 300,082 | ||||||
Merlin Properties Socimi S.A. | 21,513 | 206,042 | ||||||
Red Electrica Corp. S.A. | 1,244 | 23,621 | ||||||
Repsol S.A. | 38,859 | 381,742 | ||||||
Telefonica S.A. | 34,463 | 148,704 | ||||||
Tubacex S.A.(2) | 12,500 | 20,042 | ||||||
|
| |||||||
| $ | 3,070,491 | |||||||
|
| |||||||
Sweden — 4.6% |
| |||||||
Alfa Laval AB(2) | 2,000 | $ | 52,413 | |||||
Arjo AB, Class B | 8,801 | 65,368 | ||||||
Assa Abloy AB, Class B | 2,883 | 71,302 | ||||||
Avanza Bank Holding AB | 5,229 | 142,484 | ||||||
Axfood AB | 2,453 | 58,952 | ||||||
BillerudKorsnas AB | 2,548 | 45,533 | ||||||
BioGaia AB, Class B | 921 | 51,151 | ||||||
Bonava AB, Class B(1)(2) | 2,000 | 21,136 | ||||||
Castellum AB | 6,400 | 153,545 | ||||||
Elekta AB, Class B | 9,796 | 140,754 | ||||||
Epiroc AB, Class A | 2,897 | 55,503 | ||||||
Essity AB, Class B | 4,649 | 148,493 | ||||||
Evolution Gaming Group AB(3) | 903 | 87,874 | ||||||
Fabege AB | 7,085 | 105,578 | ||||||
Fingerprint Cards AB, Class B(1)(2) | 20,825 | 48,460 | ||||||
Granges AB(2) | 4,911 | 56,383 | ||||||
12
| Security | Shares | Value | ||||||
Hennes & Mauritz AB, Class B(2) | 4,570 | $ | 97,704 | |||||
Holmen AB, Class B | 2,532 | 115,913 | ||||||
Husqvarna AB, Class B | 3,790 | 46,892 | ||||||
ICA Gruppen AB | 1,559 | 78,144 | ||||||
JM AB | 2,031 | 70,887 | ||||||
Lundin Energy AB | 4,713 | 128,019 | ||||||
Modern Times Group MTG AB, Class B(1)(2) | 3,758 | 56,954 | ||||||
Mycronic AB | 2,681 | 75,153 | ||||||
Nibe Industrier AB, Class B | 1,531 | 51,104 | ||||||
Nordic Entertainment Group AB, Class B(2) | 1,265 | 66,035 | ||||||
Nyfosa AB(2) | 5,600 | 54,109 | ||||||
Pandox AB(2) | 1,500 | 22,524 | ||||||
Securitas AB, Class B | 1,900 | 29,276 | ||||||
Skandinaviska Enskilda Banken AB, Class A(2) | 10,460 | 113,799 | ||||||
Skanska AB, Class B | 1,238 | 31,990 | ||||||
Svenska Cellulosa AB SCA, Class B(1)(2) | 9,048 | 159,379 | ||||||
Svenska Handelsbanken AB, Class A(2) | 9,558 | 95,284 | ||||||
Swedish Orphan Biovitrum AB(2) | 3,766 | 71,107 | ||||||
Tele2 AB, Class B(1) | 4,040 | 55,755 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 16,748 | 210,882 | ||||||
Telia Co. AB | 41,615 | 182,369 | ||||||
Volvo AB, Class B(2) | 2,772 | 68,298 | ||||||
Wallenstam AB, Class B | 3,540 | 53,897 | ||||||
|
| |||||||
| $ | 3,240,403 | |||||||
|
| |||||||
Switzerland — 8.9% |
| |||||||
Adecco Group AG | 1,216 | $ | 75,958 | |||||
ALSO Holding AG | 375 | 100,660 | ||||||
Baloise Holding AG | 396 | 66,315 | ||||||
Banque Cantonale Vaudoise | 570 | 60,313 | ||||||
Belimo Holding AG | 7 | 53,944 | ||||||
BKW AG | 330 | 37,695 | ||||||
Cembra Money Bank AG | 670 | 72,794 | ||||||
Cie Financiere Richemont S.A. | 7,871 | 731,090 | ||||||
Comet Holding AG | 287 | 65,558 | ||||||
DKSH Holding AG | 773 | 62,169 | ||||||
dormakaba Holding AG(1) | 68 | 40,755 | ||||||
Ems-Chemie Holding AG | 72 | 67,910 | ||||||
Flughafen Zurich AG(2) | 187 | 30,813 | ||||||
Forbo Holding AG | 26 | 44,269 | ||||||
Geberit AG | 221 | 135,267 | ||||||
Givaudan S.A. | 85 | 342,446 | ||||||
Helvetia Holding AG | 425 | 42,571 | ||||||
Implenia AG | 883 | 24,699 | ||||||
Ina Invest Holding AG(2) | 176 | 3,612 | ||||||
Inficon Holding AG | 86 | 93,255 | ||||||
Intershop Holding AG | 78 | 52,487 | ||||||
Kuehne & Nagel International AG | 464 | 105,586 | ||||||
Landis+Gyr Group AG(2) | 1,111 | 81,850 | ||||||
Logitech International S.A. | 2,351 | 244,171 | ||||||
Mobilezone Holding AG | 4,644 | 49,746 | ||||||
Nestle S.A. | 6,807 | 763,041 | ||||||
Novartis AG | 3,902 | 353,307 | ||||||
13
| Security | Shares | Value | ||||||
Partners Group Holding AG | 75 | $ | 88,559 | |||||
PSP Swiss Property AG | 649 | 83,032 | ||||||
Roche Holding AG PC | 1,070 | 369,270 | ||||||
Schindler Holding AG | 219 | 57,610 | ||||||
Schindler Holding AG PC | 353 | 93,165 | ||||||
Schweiter Technologies AG | 26 | 44,962 | ||||||
SGS S.A., Class R | 23 | 69,759 | ||||||
SIG Combibloc Group AG | 3,912 | 92,851 | ||||||
Sika AG | 1,308 | 355,922 | ||||||
Sonova Holding AG(2) | 345 | 83,227 | ||||||
Stadler Rail AG(1) | 954 | 47,661 | ||||||
Swatch Group AG (The) | 155 | 44,648 | ||||||
Swiss Life Holding AG | 264 | 120,372 | ||||||
Swiss Prime Site AG | 1,328 | 129,071 | ||||||
Swiss Re AG | 1,673 | 147,495 | ||||||
Swisscom AG | 445 | 242,204 | ||||||
Valora Holding AG(2) | 245 | 46,857 | ||||||
Zehnder Group AG | 691 | 50,544 | ||||||
Zurich Insurance Group AG | 683 | 273,095 | ||||||
|
| |||||||
| $ | 6,242,585 | |||||||
|
| |||||||
United Kingdom — 9.3% |
| |||||||
3i Group PLC | 3,933 | $ | 59,599 | |||||
Admiral Group PLC | 1,052 | 41,460 | ||||||
Assura PLC | 34,782 | 34,445 | ||||||
AstraZeneca PLC | 2,948 | 300,729 | ||||||
Auto Trader Group PLC(3) | 12,550 | 96,755 | ||||||
Avast PLC(3) | 12,144 | 78,301 | ||||||
Aveva Group PLC | 907 | 45,014 | ||||||
Aviva PLC | 7,746 | 35,431 | ||||||
BAE Systems PLC | 8,600 | 54,264 | ||||||
Barclays PLC(2) | 20,448 | 37,301 | ||||||
Barratt Developments PLC(2) | 3,866 | 33,669 | ||||||
Bellway PLC | 608 | 22,867 | ||||||
Berkeley Group Holdings PLC | 552 | 31,568 | ||||||
BHP Group PLC | 7,729 | 211,816 | ||||||
Big Yellow Group PLC | 2,400 | 36,216 | ||||||
BMO Commercial Property Trust | 14,249 | 15,206 | ||||||
BP PLC | 80,334 | 298,517 | ||||||
BT Group PLC(2) | 55,954 | 95,943 | ||||||
Bunzl PLC | 1,400 | 44,940 | ||||||
Coca-Cola European Partners PLC | 5,000 | 232,350 | ||||||
Compass Group PLC(2) | 5,483 | 97,942 | ||||||
Croda International PLC | 489 | 42,014 | ||||||
Derwent London PLC | 1,020 | 44,152 | ||||||
Diageo PLC | 4,200 | 168,618 | ||||||
Direct Line Insurance Group PLC | 9,041 | 37,108 | ||||||
Elementis PLC(2) | 14,188 | 21,381 | ||||||
Essentra PLC(2) | 5,799 | 22,853 | ||||||
Experian PLC | 1,492 | 52,149 | ||||||
Ferguson PLC | 689 | 79,999 | ||||||
Fresnillo PLC | 4,030 | 54,303 | ||||||
GlaxoSmithKline PLC | 7,783 | 144,540 | ||||||
Great Portland Estates PLC | 4,065 | 36,209 | ||||||
14
| Security | Shares | Value | ||||||
Halma PLC | 5,460 | $ | 184,036 | |||||
Howden Joinery Group PLC(2) | 5,263 | 48,256 | ||||||
HSBC Holdings PLC(2) | 14,993 | 78,452 | ||||||
Imperial Brands PLC | 1,796 | 36,049 | ||||||
InterContinental Hotels Group PLC(2) | 671 | 41,338 | ||||||
Intertek Group PLC | 543 | 40,895 | ||||||
Land Securities Group PLC | 6,288 | 52,648 | ||||||
London Stock Exchange Group PLC | 726 | 86,187 | ||||||
LondonMetric Property PLC | 11,374 | 35,401 | ||||||
Marks & Spencer Group PLC(2) | 30,532 | 58,970 | ||||||
Meggitt PLC(2) | 3,859 | 20,868 | ||||||
Mondi PLC | 3,379 | 79,575 | ||||||
Moneysupermarket.com Group PLC | 13,551 | 49,427 | ||||||
National Grid PLC | 21,734 | 252,455 | ||||||
NCC Group PLC | 21,199 | 71,507 | ||||||
Next PLC(2) | 582 | 61,444 | ||||||
Pearson PLC(1) | 5,346 | 59,229 | ||||||
Persimmon PLC | 2,761 | 96,106 | ||||||
Phoenix Group Holdings PLC | 5,262 | 48,493 | ||||||
QinetiQ Group PLC | 8,311 | 34,131 | ||||||
Reckitt Benckiser Group PLC | 1,454 | 123,268 | ||||||
RELX PLC | 3,168 | 78,435 | ||||||
Rentokil Initial PLC(2) | 5,526 | 37,504 | ||||||
Rightmove PLC(2) | 13,046 | 106,792 | ||||||
Rio Tinto PLC | 3,415 | 259,086 | ||||||
Royal Dutch Shell PLC, Class A | 16,638 | 307,874 | ||||||
Royal Mail PLC(2) | 6,900 | 38,119 | ||||||
RSA Insurance Group PLC | 4,203 | 38,748 | ||||||
Safestore Holdings PLC | 3,803 | 42,108 | ||||||
Sage Group PLC (The) | 15,349 | 123,591 | ||||||
Segro PLC | 8,635 | 112,380 | ||||||
Severn Trent PLC | 3,397 | 107,389 | ||||||
Shaftesbury PLC(2) | 2,388 | 18,228 | ||||||
Spirax-Sarco Engineering PLC | 358 | 54,126 | ||||||
Standard Life Aberdeen PLC | 8,792 | 36,194 | ||||||
Tate & Lyle PLC | 7,007 | 65,996 | ||||||
Taylor Wimpey PLC(2) | 12,334 | 24,616 | ||||||
Tritax Big Box REIT PLC | 37,589 | 94,665 | ||||||
Unilever PLC(5) | 2,896 | 168,342 | ||||||
Unilever PLC(5) | 2,083 | 121,346 | ||||||
UNITE Group PLC (The)(2) | 5,785 | 75,873 | ||||||
United Utilities Group PLC | 9,445 | 119,052 | ||||||
Vodafone Group PLC | 119,033 | 203,278 | ||||||
WH Smith PLC | 1,016 | 21,216 | ||||||
Whitbread PLC(2) | 1,423 | 54,078 | ||||||
WM Morrison Supermarkets PLC | 8,786 | 21,547 | ||||||
|
| |||||||
| $ | 6,496,977 | |||||||
|
| |||||||
Total Common Stocks |
| $ | 69,321,283 | |||||
|
| |||||||
15
Rights (2) — 0.0% |
| |||||||
| Security | Shares | Value | ||||||
BUWOG AG(4) | 1,234 | $ | 0 | |||||
|
| |||||||
Total Rights |
| $ | 0 | |||||
|
| |||||||
Warrants (2) — 0.0% |
| |||||||
| Security | Shares | Value | ||||||
Ezion Holdings, Ltd., Exp. 4/16/23, Strike SGD 0.2763(4) | 96,000 | $ | 0 | |||||
|
| |||||||
Total Warrants |
| $ | 0 | |||||
|
| |||||||
Short-Term Investments — 1.6% |
| |||||||
| Description | Units/Shares | Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.11%(6) | 131,051 | $ | 131,051 | |||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.06%(7) | 997,624 | 997,624 | ||||||
|
| |||||||
Total Short-Term Investments |
| $ | 1,128,675 | |||||
|
| |||||||
Total Investments — 100.8% | $ | 70,449,958 | ||||||
|
| |||||||
Other Assets, Less Liabilities — (0.8)% | $ | (585,745 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 69,864,213 | ||||||
|
| |||||||
The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
| (1) | All or a portion of this security was on loan at January 31, 2021. The aggregate market value of securities on loan at January 31, 2021 was $2,975,483 and the total market value of the collateral received by the Portfolio was $3,214,502, comprised of cash of $997,624 and U.S. government and/or agencies securities of $2,216,878. |
| (2) | Non-income producing security. |
| (3) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2021, the aggregate value of these securities is $2,024,841 or 2.9% of the Portfolio’s net assets. |
| (4) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
| (5) | Securities are traded on separate exchanges for the same entity. |
| (6) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2021. |
16
| (7) | Represents investment of cash collateral received in connection with securities lending. |
Sector Classification of Portfolio
| Sector | Percentage of Net Assets | Value | ||||||
Consumer Discretionary | 11.1 | % | $ | 7,784,448 | ||||
Materials | 10.4 | 7,298,089 | ||||||
Industrials | 10.4 | 7,248,534 | ||||||
Financials | 10.4 | 7,235,837 | ||||||
Information Technology | 10.0 | 6,952,245 | ||||||
Consumer Staples | 9.5 | 6,666,941 | ||||||
Health Care | 9.5 | 6,626,574 | ||||||
Communication Services | 8.2 | 5,735,553 | ||||||
Real Estate | 7.5 | 5,274,875 | ||||||
Utilities | 7.2 | 5,001,193 | ||||||
Energy | 5.0 | 3,496,994 | ||||||
Short-Term Investments | 1.6 | 1,128,675 | ||||||
|
|
|
| |||||
Total Investments | 100.8 | % | $ | 70,449,958 | ||||
|
|
|
| |||||
| Abbreviations: | ||||
ADR | - | American Depositary Receipt | ||
CDI | - | CHESS Depositary Interest | ||
PC | - | Participation Certificate | ||
| Currency Abbreviations: | ||||
SGD | - | Singapore Dollar | ||
17
The Portfolio did not have any open derivative instruments at January 31, 2021.
18
At January 31, 2021, the value of the Portfolio’s investment in affiliated funds was $131,051, which represents 0.2% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended January 31, 2021 were as follows:
Name of affiliated fund | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period | ||||||||||||||||||||||||
Short-Term Investments |
| |||||||||||||||||||||||||||||||
Eaton Vance Cash Reserves Fund, LLC | $ | 137,978 | $ | 949,288 | $ | (956,215 | ) | $ | — | $ | — | $ | 131,051 | $ | 24 | 131,051 | ||||||||||||||||
19
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
| • | Level 1 — quoted prices in active markets for identical investments |
| • | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
20
At January 31, 2021, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:
| Asset Description | Level 1 | Level 2 | Level 3* | Total | ||||||||||||
| Common Stocks |
| |||||||||||||||
Asia/Pacific | $ | 503,113 | $ | 20,262,720 | $ | 0 | $ | 20,765,833 | ||||||||
Developed Europe | 701,212 | 46,208,972 | 0 | 46,910,184 | ||||||||||||
Developed Middle East | 236,682 | 1,408,584 | — | 1,645,266 | ||||||||||||
Total Common Stocks | $ | 1,441,007 | $ | 67,880,276 | ** | $ | 0 | $ | 69,321,283 | |||||||
Rights | $ | — | $ | — | $ | 0 | $ | 0 | ||||||||
Warrants | — | — | 0 | 0 | ||||||||||||
Short-Term Investments | 997,624 | 131,051 | — | 1,128,675 | ||||||||||||
Total Investments | $ | 2,438,631 | $ | 68,011,327 | $ | 0 | $ | 70,449,958 | ||||||||
| * | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Portfolio. |
| ** | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
21
Level 3 investments at the beginning and/or end of the period were valued at $0 and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended January 31, 2021 is not presented.
For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.
22