Quarterly Holdings Report
for
Strategic Advisers® International Fund
Offered exclusively to certain clients of Strategic Advisers LLC - not available for sale to the general publicNovember 30, 2019
SIT-QTLY-0120
1.912869.109
Schedule of Investments November 30, 2019 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 52.5% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 2.7% | |||
Diversified Telecommunication Services - 0.4% | |||
BT Group PLC | 1,205,500 | $2,986,561 | |
Hellenic Telecommunications Organization SA | 513,430 | 7,716,109 | |
Koninklijke KPN NV | 1,117,066 | 3,440,391 | |
KT Corp. | 139,830 | 3,190,904 | |
Nippon Telegraph & Telephone Corp. | 604,400 | 30,529,326 | |
Nippon Telegraph & Telephone Corp. sponsored ADR | 24,984 | 1,260,942 | |
Proximus | 53,487 | 1,613,558 | |
Telecom Italia SpA (a) | 1,301,248 | 813,793 | |
Telefonica Deutschland Holding AG | 2,046,272 | 6,247,448 | |
Telefonica SA | 1,174,232 | 8,980,603 | |
Telstra Corp. Ltd. | 979,557 | 2,557,529 | |
69,337,164 | |||
Entertainment - 0.2% | |||
International Games Systems Co. Ltd. | 39,000 | 472,696 | |
Konami Holdings Corp. | 28,800 | 1,268,653 | |
NetEase, Inc. ADR | 29,823 | 9,403,788 | |
Nintendo Co. Ltd. | 22,700 | 8,790,250 | |
Square Enix Holdings Co. Ltd. | 136,100 | 6,729,126 | |
Tencent Music Entertainment Group ADR (a) | 108,724 | 1,351,439 | |
Vivendi SA | 228,100 | 6,262,909 | |
34,278,861 | |||
Interactive Media & Services - 0.6% | |||
Baidu.com, Inc. sponsored ADR (a) | 302,972 | 35,911,271 | |
Kakaku.com, Inc. | 10,000 | 241,364 | |
Kakao Corp. | 19,594 | 2,579,249 | |
NAVER Corp. | 83,130 | 12,103,919 | |
Scout24 AG (b) | 111,334 | 6,893,930 | |
Tencent Holdings Ltd. | 628,100 | 26,502,777 | |
Yahoo! Japan Corp. | 1,772,900 | 6,108,420 | |
Yandex NV Series A (a) | 122,033 | 5,121,725 | |
YY, Inc. ADR (a) | 78,500 | 5,007,515 | |
100,470,170 | |||
Media - 0.2% | |||
CyberAgent, Inc. | 147,400 | 5,092,049 | |
Dentsu, Inc. | 17,000 | 616,798 | |
Eutelsat Communications (c) | 361,827 | 5,936,062 | |
Informa PLC | 626,169 | 6,408,950 | |
Stroer Out-of-Home Media AG | 61,368 | 4,797,303 | |
Telenet Group Holding NV | 3,676 | 165,897 | |
Television Francaise 1 SA | 57,551 | 465,110 | |
WPP PLC | 749,755 | 9,681,390 | |
33,163,559 | |||
Wireless Telecommunication Services - 1.3% | |||
Advanced Info Service PCL (For. Reg.) | 1,073,400 | 7,530,139 | |
China Mobile Ltd. | 5,636,978 | 42,500,217 | |
KDDI Corp. | 1,702,500 | 48,914,315 | |
NTT DOCOMO, Inc. | 149,700 | 4,108,473 | |
SK Telecom Co. Ltd. | 130,958 | 27,236,966 | |
SoftBank Corp. | 514,800 | 20,009,545 | |
Tele2 AB (B Shares) | 531,750 | 7,846,024 | |
Vodafone Group PLC | 18,992,433 | 37,669,685 | |
Vodafone Group PLC sponsored ADR | 557,000 | 11,039,740 | |
206,855,104 | |||
TOTAL COMMUNICATION SERVICES | 444,104,858 | ||
CONSUMER DISCRETIONARY - 4.1% | |||
Auto Components - 0.5% | |||
Aisin Seiki Co. Ltd. | 168,600 | 6,379,126 | |
ARB Corp. Ltd. (c) | 19,492 | 250,503 | |
Autoliv, Inc. (depositary receipt) | 71,854 | 5,887,071 | |
Continental AG | 12,674 | 1,656,474 | |
Continental AG sponsored ADR | 15,400 | 200,662 | |
DENSO Corp. | 17,200 | 768,357 | |
Faurecia SA | 24,353 | 1,291,699 | |
Koito Manufacturing Co. Ltd. | 225,400 | 11,618,132 | |
Kyb Corp. (a) | 7,300 | 217,826 | |
Magna International, Inc. Class A | 197,800 | 10,882,956 | |
Michelin CGDE Series B | 86,299 | 10,354,674 | |
Pirelli & C. SpA (b) | 85,484 | 485,059 | |
Schaeffler AG | 11,564 | 126,367 | |
Stanley Electric Co. Ltd. | 212,600 | 5,887,205 | |
Sumitomo Electric Industries Ltd. | 28,800 | 430,079 | |
Sumitomo Rubber Industries Ltd. | 247,400 | 3,145,069 | |
Toyota Industries Corp. | 227,300 | 13,357,147 | |
TPR Co. Ltd. | 19,100 | 362,903 | |
Unipres Corp. | 18,400 | 278,136 | |
Yokohama Rubber Co. Ltd. | 65,100 | 1,341,624 | |
Yorozu Corp. | 17,400 | 229,307 | |
75,150,376 | |||
Automobiles - 0.4% | |||
Ferrari NV | 56,769 | 9,594,876 | |
Fiat Chrysler Automobiles NV (Italy) | 351,614 | 5,199,019 | |
Honda Motor Co. Ltd. | 236,500 | 6,647,904 | |
Honda Motor Co. Ltd. sponsored ADR | 50,364 | 1,416,236 | |
Kia Motors Corp. | 19,593 | 717,343 | |
Maruti Suzuki India Ltd. | 33,903 | 3,423,825 | |
Peugeot Citroen SA | 145,991 | 3,525,895 | |
Renault SA | 15,566 | 745,280 | |
Subaru Corp. | 87,600 | 2,294,877 | |
Suzuki Motor Corp. | 150,700 | 6,687,984 | |
Toyota Motor Corp. | 243,600 | 17,041,937 | |
Yamaha Motor Co. Ltd. | 29,000 | 606,132 | |
57,901,308 | |||
Distributors - 0.0% | |||
Inchcape PLC | 970,863 | 8,174,067 | |
Hotels, Restaurants & Leisure - 0.7% | |||
Aristocrat Leisure Ltd. | 356,680 | 8,183,483 | |
Carnival PLC | 62,858 | 2,629,892 | |
Carnival PLC sponsored ADR | 4,700 | 200,126 | |
Collins Foods Ltd. | 95,921 | 668,274 | |
Compass Group PLC | 2,342,221 | 57,390,005 | |
CVC Brasil Operadora e Agencia de Viagens SA | 132,500 | 1,259,371 | |
Evolution Gaming Group AB (b) | 123,070 | 3,251,417 | |
Galaxy Entertainment Group Ltd. | 841,000 | 5,500,524 | |
Genki Sushi Co. Ltd. | 3,900 | 109,244 | |
Greek Organization of Football Prognostics SA | 29,946 | 368,219 | |
Greggs PLC | 203,467 | 5,478,655 | |
Herfy Food Services Co. | 34,940 | 489,160 | |
Huazhu Group Ltd. ADR | 63,888 | 2,185,608 | |
InterContinental Hotel Group PLC | 51,813 | 3,348,961 | |
Jumbo Interactive Ltd. | 3,903 | 54,173 | |
Leejam Sports Co. JSC | 22,207 | 426,374 | |
Paddy Power Betfair PLC (c) | 55,091 | 6,269,929 | |
Sands China Ltd. | 264,400 | 1,249,687 | |
SSP Group PLC | 254,556 | 2,218,924 | |
Sushiro Global Holdings Ltd. | 24,100 | 1,894,169 | |
The Star Entertainment Group Ltd. | 130,222 | 419,271 | |
TUI AG (c) | 561,600 | 7,712,979 | |
Whitbread PLC | 43,740 | 2,602,737 | |
Wolverhampton & Dudley Breweries PLC | 420,484 | 695,536 | |
Yum China Holdings, Inc. | 204,047 | 9,084,172 | |
123,690,890 | |||
Household Durables - 0.4% | |||
Barratt Developments PLC | 640,770 | 5,525,824 | |
Bellway PLC | 10,512 | 453,943 | |
Bovis Homes Group PLC | 7,528 | 119,266 | |
Misawa Homes Co. Ltd. | 55,600 | 601,630 | |
Nikon Corp. | 72,700 | 997,283 | |
Panasonic Corp. | 1,172,200 | 11,060,076 | |
Persimmon PLC | 536,949 | 17,763,677 | |
Redrow PLC | 106,798 | 912,985 | |
Sekisui House Ltd. | 172,700 | 3,732,732 | |
Sony Corp. | 436,000 | 27,667,650 | |
Taylor Wimpey PLC | 1,088,460 | 2,452,927 | |
71,287,993 | |||
Internet & Direct Marketing Retail - 0.3% | |||
Alibaba Group Holding Ltd. sponsored ADR (a) | 164,149 | 32,829,800 | |
ASOS PLC (a) | 146,959 | 6,083,887 | |
Rakuten, Inc. | 1,023,200 | 8,874,217 | |
Zalando SE (a)(b) | 117,278 | 5,052,381 | |
52,840,285 | |||
Leisure Products - 0.1% | |||
Sega Sammy Holdings, Inc. | 568,900 | 8,209,588 | |
Technogym SpA (b) | 138,088 | 1,700,985 | |
9,910,573 | |||
Multiline Retail - 0.1% | |||
Debenhams PLC (a)(d) | 913,233 | 12 | |
Harvey Norman Holdings Ltd. | 69,494 | 202,125 | |
Isetan Mitsukoshi Holdings Ltd. | 22,200 | 197,816 | |
Lojas Renner SA | 184,470 | 2,256,584 | |
Magazine Luiza SA | 316,800 | 3,379,988 | |
Wesfarmers Ltd. | 125,728 | 3,603,247 | |
9,639,772 | |||
Specialty Retail - 0.3% | |||
Adastria Co. Ltd. | 23,300 | 522,344 | |
Arc Land Sakamoto Co. Ltd. | 4,900 | 56,873 | |
Dufry AG | 39,752 | 3,879,970 | |
Dunelm Group PLC | 124,992 | 1,378,085 | |
EDION Corp. | 21,900 | 236,573 | |
Esprit Holdings Ltd. (a) | 2,254,200 | 446,336 | |
H&M Hennes & Mauritz AB (B Shares) (c) | 287,237 | 5,544,167 | |
Jarir Marketing Co. | 14,676 | 619,132 | |
JB Hi-Fi Ltd. | 12,848 | 325,107 | |
John David Group PLC | 75,479 | 742,475 | |
Jumbo SA | 14,552 | 291,808 | |
Kingfisher PLC | 2,978,271 | 8,073,919 | |
Kingfisher PLC ADR | 61,868 | 334,397 | |
Mr Price Group Ltd. | 108,665 | 1,298,002 | |
Nitori Holdings Co. Ltd. | 21,900 | 3,432,508 | |
Pal Group Holdings Co. Ltd. | 7,800 | 251,992 | |
Pets At Home Group PLC | 83,413 | 271,853 | |
Premier Investments Ltd. | 52,230 | 693,849 | |
Super Retail Group Ltd. | 116,970 | 790,394 | |
USS Co. Ltd. | 867,800 | 16,829,388 | |
WH Smith PLC | 93,698 | 2,966,477 | |
48,985,649 | |||
Textiles, Apparel & Luxury Goods - 1.3% | |||
adidas AG | 71,046 | 22,133,241 | |
adidas AG sponsored ADR | 500 | 78,025 | |
Burberry Group PLC | 330,959 | 9,005,736 | |
Compagnie Financiere Richemont SA: | |||
ADR | 6,318 | 47,698 | |
Series A | 335,364 | 25,425,331 | |
ECLAT Textile Co. Ltd. | 135,000 | 1,751,237 | |
Essilor International SA | 177,426 | 27,563,803 | |
Gildan Activewear, Inc. | 305,368 | 8,892,294 | |
Hermes International SCA | 6,007 | 4,500,589 | |
Hugo Boss AG | 39,384 | 1,855,063 | |
Kering SA | 38,059 | 22,924,993 | |
Li Ning Co. Ltd. | 1,946,000 | 6,239,570 | |
lululemon athletica, Inc. (a) | 24,891 | 5,617,650 | |
LVMH Moet Hennessy Louis Vuitton SE | 123,575 | 55,324,746 | |
Moncler SpA | 248,180 | 10,874,897 | |
Pandora A/S | 8,124 | 327,047 | |
Puma AG | 59,440 | 4,466,486 | |
Samsonite International SA | 1,948,200 | 4,330,329 | |
Seiko Holdings Corp. | 35,900 | 924,896 | |
Shenzhou International Group Holdings Ltd. | 304,000 | 4,007,665 | |
Titan Co. Ltd. | 149,570 | 2,417,544 | |
218,708,840 | |||
TOTAL CONSUMER DISCRETIONARY | 676,289,753 | ||
CONSUMER STAPLES - 6.8% | |||
Beverages - 1.4% | |||
Carlsberg A/S Series B | 7,004 | 1,007,617 | |
Coca-Cola HBC AG | 20,493 | 683,528 | |
Coca-Cola West Co. Ltd. | 180,700 | 4,341,622 | |
Diageo PLC | 1,825,821 | 74,597,147 | |
Diageo PLC sponsored ADR | 9,245 | 1,511,003 | |
Fever-Tree Drinks PLC | 64,312 | 1,819,863 | |
Heineken Holding NV | 126,096 | 12,087,134 | |
Heineken NV (Bearer) | 279,120 | 28,920,536 | |
ITO EN Ltd. | 455,700 | 22,739,188 | |
Jiangsu Yanghe Brewery JSC Ltd. (A Shares) | 52,182 | 728,587 | |
Kirin Holdings Co. Ltd. | 492,200 | 10,899,293 | |
Kweichow Moutai Co. Ltd. (A Shares) | 49,422 | 7,934,282 | |
Pernod Ricard SA | 273,173 | 50,173,701 | |
Royal Unibrew A/S | 28,906 | 2,601,836 | |
Takara Holdings, Inc. | 69,700 | 673,941 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 121,000 | 2,194,619 | |
222,913,897 | |||
Food & Staples Retailing - 0.6% | |||
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 271,492 | 8,931,868 | |
Bidcorp Ltd. | 80,872 | 1,780,945 | |
Carrefour SA | 1,057,006 | 17,445,846 | |
Casino Guichard Perrachon SA (c) | 19,353 | 851,646 | |
Coles Group Ltd. | 322,243 | 3,544,114 | |
Colruyt NV | 3,887 | 201,287 | |
Kato Sangyo | 9,100 | 304,803 | |
Matsumotokiyoshi Holdings Co. Ltd. | 56,300 | 2,150,740 | |
Metcash Ltd. | 754,469 | 1,530,968 | |
Nihon Chouzai Co. Ltd. | 2,800 | 96,728 | |
Seven & i Holdings Co. Ltd. | 758,300 | 28,261,263 | |
Seven & i Holdings Co. Ltd. ADR | 4,000 | 74,388 | |
Sundrug Co. Ltd. | 177,300 | 6,222,190 | |
Tesco PLC | 4,688,800 | 13,905,553 | |
Welcia Holdings Co. Ltd. | 78,900 | 4,838,412 | |
Woolworths Group Ltd. | 135,277 | 3,638,094 | |
Yokohama Reito Co. Ltd. | 17,600 | 171,625 | |
93,950,470 | |||
Food Products - 2.3% | |||
AarhusKarlshamn AB | 83,207 | 1,520,540 | |
Ajinomoto Co., Inc. | 26,300 | 438,413 | |
Aryzta AG (a) | 4,170,247 | 4,400,711 | |
Associated British Foods PLC | 59,014 | 1,960,733 | |
Ausnutria Dairy Hunan Co. Ltd. (H Shares) (c) | 345,000 | 428,374 | |
Bakkafrost | 26,459 | 1,773,345 | |
China Mengniu Dairy Co. Ltd. | 965,000 | 3,692,005 | |
Danone SA | 777,479 | 63,972,782 | |
Elders Ltd. | 35,485 | 154,813 | |
Ezaki Glico Co. Ltd. | 160,500 | 7,363,462 | |
JBS SA | 38,600 | 256,926 | |
Kerry Group PLC Class A | 246,536 | 31,618,124 | |
Kewpie Corp. | 17,600 | 391,343 | |
Kotobuki Spirits Co. Ltd. | 8,800 | 623,286 | |
La Doria SpA | 17,325 | 175,807 | |
Lindt & Spruengli AG (participation certificate) | 214 | 1,632,158 | |
Marine Harvest ASA | 289,900 | 7,187,136 | |
Nestle SA: | |||
(Reg. S) | 2,007,370 | 208,454,989 | |
sponsored ADR | 51,029 | 5,303,954 | |
New Hampshire Foods Ltd. | 45,000 | 1,887,681 | |
Nissin Food Holdings Co. Ltd. | 85,600 | 6,414,915 | |
Toyo Suisan Kaisha Ltd. | 503,500 | 21,719,247 | |
Vitasoy International Holdings Ltd. | 306,000 | 1,176,592 | |
WH Group Ltd. (b) | 2,001,000 | 2,055,139 | |
WH Group Ltd. ADR | 4,700 | 96,566 | |
Wilmar International Ltd. | 2,264,400 | 6,772,006 | |
381,471,047 | |||
Household Products - 0.5% | |||
Colgate-Palmolive Co. | 404,002 | 27,399,416 | |
Essity AB Class B | 98,353 | 3,091,392 | |
Hindustan Unilever Ltd. | 140,542 | 3,986,747 | |
Reckitt Benckiser Group PLC | 697,649 | 54,764,948 | |
89,242,503 | |||
Personal Products - 1.5% | |||
Kao Corp. | 727,000 | 57,219,192 | |
Kobayashi Pharmaceutical Co. Ltd. | 274,400 | 22,519,759 | |
Kose Corp. | 31,600 | 5,033,705 | |
L'Oreal SA | 292,846 | 83,471,553 | |
LG Household & Health Care Ltd. | 536 | 573,978 | |
Pola Orbis Holdings, Inc. | 95,300 | 2,349,839 | |
Rohto Pharmaceutical Co. Ltd. | 450,400 | 14,159,898 | |
Shiseido Co. Ltd. | 148,900 | 10,757,215 | |
Unilever NV | 178,760 | 10,634,963 | |
Unilever NV (NY Reg.) | 2,799 | 166,680 | |
Unilever PLC | 788,800 | 46,726,572 | |
Unilever PLC sponsored ADR | 23,987 | 1,426,987 | |
255,040,341 | |||
Tobacco - 0.5% | |||
British American Tobacco PLC (United Kingdom) | 1,471,874 | 58,254,941 | |
Imperial Brands PLC | 425,103 | 9,363,950 | |
Imperial Brands PLC sponsored ADR | 32,000 | 706,560 | |
Japan Tobacco, Inc. | 420,600 | 9,588,619 | |
77,914,070 | |||
TOTAL CONSUMER STAPLES | 1,120,532,328 | ||
ENERGY - 1.9% | |||
Energy Equipment & Services - 0.1% | |||
BW Offshore Ltd. (a) | 162,381 | 1,075,108 | |
Core Laboratories NV (c) | 111,916 | 4,901,921 | |
Tenaris SA | 222,599 | 2,365,859 | |
The Drilling Co. of 1972 A/S (a) | 47,800 | 2,894,172 | |
WorleyParsons Ltd. | 661,632 | 6,712,918 | |
17,949,978 | |||
Oil, Gas & Consumable Fuels - 1.8% | |||
BP PLC | 8,161,705 | 50,835,232 | |
BW LPG Ltd. (b) | 39,529 | 341,455 | |
Cairn Energy PLC (a) | 2,874,799 | 6,688,642 | |
Caltex Australia Ltd. | 460,433 | 10,763,259 | |
Enbridge, Inc. | 145,843 | 5,539,245 | |
Encana Corp. (Toronto) | 3,640,992 | 14,390,731 | |
Eni SpA | 1,445,671 | 21,783,076 | |
EnQuest PLC (a) | 797,199 | 189,295 | |
Equinor ASA | 531,234 | 9,782,615 | |
Galp Energia SGPS SA Class B | 784,971 | 12,766,276 | |
Gazprom OAO | 1,586,840 | 6,343,089 | |
Gazprom OAO sponsored ADR (Reg. S) | 8,707 | 69,168 | |
Gulf Keystone Petroleum Ltd. | 8,842 | 23,328 | |
JX Holdings, Inc. | 2,677,600 | 11,907,514 | |
Lukoil PJSC | 18,165 | 1,733,665 | |
Lundin Petroleum AB | 80,183 | 2,471,716 | |
Neste Oyj | 280,279 | 9,474,334 | |
Oil Search Ltd. ADR | 1,202,628 | 6,052,124 | |
Parkland Fuel Corp. | 47,291 | 1,675,817 | |
Premier Oil PLC (a)(c) | 406,018 | 456,105 | |
Royal Dutch Shell PLC: | |||
Class A (c) | 430,567 | 12,343,795 | |
Class B sponsored ADR | 206,700 | 11,907,987 | |
Class B (United Kingdom) | 1,111,199 | 31,520,965 | |
Santos Ltd. | 1,366,625 | 7,533,739 | |
SK Energy Co. Ltd. | 36,979 | 4,585,985 | |
Total SA | 1,110,041 | 58,226,972 | |
VERBIO Vereinigte BioEnergie AG | 52,208 | 602,839 | |
300,008,968 | |||
TOTAL ENERGY | 317,958,946 | ||
FINANCIALS - 8.4% | |||
Banks - 3.6% | |||
ABN AMRO Group NV GDR (b) | 405,475 | 6,920,194 | |
Agricultural Bank of China Ltd. (H Shares) | 4,431,000 | 1,794,317 | |
AIB Group PLC | 4,813,365 | 15,750,996 | |
Australia & New Zealand Banking Group Ltd. | 432,591 | 7,268,297 | |
Banco Bilbao Vizcaya Argentaria SA sponsored ADR | 78,000 | 407,940 | |
Banco de Sabadell SA | 473,069 | 524,876 | |
Banco Santander SA (Spain) | 1,299,044 | 5,059,667 | |
Banco Santander SA (Spain) sponsored ADR (c) | 201,255 | 778,857 | |
Bank of China Ltd. (H Shares) | 6,762,000 | 2,712,332 | |
Barclays PLC | 20,589,897 | 45,508,408 | |
Barclays PLC sponsored ADR | 272,022 | 2,396,514 | |
BNP Paribas SA | 1,231,527 | 69,041,550 | |
CaixaBank SA | 4,557,320 | 13,428,805 | |
Canadian Imperial Bank of Commerce | 114,559 | 9,954,378 | |
Chiba Bank Ltd. | 720,000 | 4,106,014 | |
China Merchants Bank Co. Ltd. (H Shares) | 2,448,000 | 11,570,476 | |
Commerzbank AG | 230,585 | 1,336,602 | |
Credicorp Ltd. (United States) | 31,317 | 6,613,837 | |
Danske Bank A/S | 330,003 | 4,455,548 | |
DBS Group Holdings Ltd. | 943,200 | 17,414,302 | |
DNB ASA | 657,576 | 11,039,472 | |
EFG Eurobank Ergasias SA (a) | 319,033 | 336,044 | |
Erste Group Bank AG | 89,542 | 3,206,365 | |
FinecoBank SpA | 74,884 | 929,031 | |
Fukuoka Financial Group, Inc. | 108,800 | 2,073,186 | |
HDFC Bank Ltd. | 993,432 | 17,606,716 | |
HSBC Holdings PLC (United Kingdom) | 1,323,600 | 9,860,956 | |
ING Groep NV (Certificaten Van Aandelen) | 2,469,713 | 28,401,220 | |
Intesa Sanpaolo SpA | 9,674,322 | 24,478,104 | |
Jyske Bank A/S (Reg.) | 89,677 | 2,975,370 | |
KB Financial Group, Inc. | 27,839 | 1,087,568 | |
KBC Groep NV | 366,891 | 26,736,467 | |
Lloyds Banking Group PLC | 30,481,323 | 24,030,134 | |
Mebuki Financial Group, Inc. | 1,189,500 | 3,076,481 | |
Mediobanca SpA | 1,101,014 | 12,312,937 | |
Mitsubishi UFJ Financial Group, Inc. | 4,941,700 | 26,194,918 | |
National Bank of Abu Dhabi PJSC | 639,517 | 2,646,409 | |
National Bank of Canada | 186,300 | 9,942,639 | |
National Bank of Greece SA (a) | 146,346 | 495,664 | |
North Pacific Bank Ltd. | 1,138,500 | 2,486,762 | |
Piraeus Bank SA (a) | 123,583 | 433,001 | |
PT Bank Central Asia Tbk | 5,789,200 | 12,887,691 | |
Sberbank of Russia | 874,860 | 3,179,352 | |
Shinsei Bank Ltd. | 195,000 | 3,070,600 | |
Societe Generale Series A | 135,803 | 4,267,775 | |
Standard Chartered PLC (United Kingdom) | 708,116 | 6,386,834 | |
Sumitomo Mitsui Financial Group, Inc. | 833,200 | 30,508,747 | |
Sumitomo Mitsui Trust Holdings, Inc. | 164,300 | 6,296,182 | |
Svenska Handelsbanken AB (A Shares) | 1,915,918 | 18,806,361 | |
Sydbank A/S | 118,907 | 2,239,112 | |
The Hachijuni Bank Ltd. | 706,400 | 3,034,253 | |
The Toronto-Dominion Bank | 179,329 | 10,364,441 | |
TISCO Financial Group PCL | 730,900 | 2,358,132 | |
Turkiye Is Bankasi A/S Series C (a) | 1,477,591 | 1,580,311 | |
UniCredit SpA | 3,520,314 | 48,724,003 | |
United Overseas Bank Ltd. | 472,100 | 8,913,149 | |
Yapi ve Kredi Bankasi A/S (a) | 272,103 | 113,568 | |
600,123,865 | |||
Capital Markets - 1.5% | |||
3i Group PLC | 712,979 | 9,875,645 | |
Anima Holding SpA (b) | 109,179 | 559,605 | |
Ashmore Group PLC | 277,411 | 1,707,772 | |
ASX Ltd. | 27,743 | 1,533,318 | |
Azimut Holding SpA | 120,924 | 3,051,060 | |
Banca Generali SpA | 121,922 | 4,024,636 | |
BM&F BOVESPA SA | 574,000 | 6,453,551 | |
Brewin Dolphin Holding PLC | 186,156 | 835,422 | |
Brookfield Asset Management, Inc. Class A | 279,022 | 16,290,112 | |
BT Investment Management Ltd. | 223,809 | 1,295,851 | |
Bure Equity AB | 22,807 | 422,972 | |
Burford Capital Ltd. | 65,540 | 699,718 | |
Close Brothers Group PLC | 72,649 | 1,397,140 | |
Daiwa Securities Group, Inc. | 1,678,000 | 8,511,150 | |
Deutsche Borse AG | 54,200 | 8,294,911 | |
Euronext NV (b) | 281,355 | 21,250,290 | |
GAM Holding Ltd. (a) | 205,098 | 562,109 | |
Hargreaves Lansdown PLC | 50,347 | 1,207,861 | |
HFA Holdings Ltd. | 102,672 | 200,008 | |
Hong Kong Exchanges and Clearing Ltd. | 322,000 | 10,168,161 | |
IG Group Holdings PLC | 620,955 | 5,427,222 | |
Intermediate Capital Group PLC | 324,796 | 6,431,098 | |
Investec Ltd. | 123,500 | 709,869 | |
JAFCO Co. Ltd. | 19,300 | 744,343 | |
Julius Baer Group Ltd. | 405,985 | 19,123,693 | |
Jupiter Fund Management PLC | 142,203 | 669,988 | |
London Stock Exchange Group PLC | 117,796 | 10,474,623 | |
Macquarie Group Ltd. | 293,393 | 27,396,164 | |
Magellan Financial Group Ltd. | 8,995 | 319,361 | |
Partners Group Holding AG | 11,574 | 9,761,637 | |
President Securities Corp. | 619,000 | 279,824 | |
St. James's Place Capital PLC | 365,620 | 5,147,041 | |
Standard Life PLC | 499,887 | 2,048,771 | |
TMX Group Ltd. | 145,160 | 11,677,932 | |
Tullett Prebon PLC | 85,526 | 426,958 | |
UBS Group AG | 3,619,687 | 43,881,577 | |
242,861,393 | |||
Consumer Finance - 0.1% | |||
AEON Financial Service Co. Ltd. | 725,400 | 10,971,824 | |
Flexigroup Ltd. | 256,692 | 339,440 | |
JACCS Co. Ltd. | 5,400 | 132,952 | |
11,444,216 | |||
Diversified Financial Services - 0.4% | |||
Banca Farmafactoring SpA (b) | 70,497 | 424,098 | |
Banca Mediolanum S.p.A. | 80,478 | 817,100 | |
Challenger Ltd. | 1,798,984 | 9,905,019 | |
Dovalue SpA (b) | 32,946 | 384,053 | |
Element Financial Corp. | 1,082,400 | 9,338,481 | |
EXOR NV | 47,522 | 3,635,860 | |
Fuyo General Lease Co. Ltd. | 11,600 | 766,478 | |
Grenkeleasing AG (c) | 20,199 | 1,885,020 | |
Groupe Bruxelles Lambert SA | 80,200 | 8,138,358 | |
Investor AB (B Shares) | 133,500 | 7,056,728 | |
M&G PLC (a) | 1,500,429 | 4,579,591 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 759,300 | 4,878,339 | |
ORIX Corp. | 907,700 | 14,869,788 | |
Plus500 Ltd. | 16,664 | 165,947 | |
RMB Holdings Ltd. | 377,633 | 2,078,844 | |
Zenkoku Hosho Co. Ltd. | 47,900 | 1,921,778 | |
70,845,482 | |||
Insurance - 2.8% | |||
AEGON NV | 473,100 | 2,130,561 | |
AEGON NV (NY Reg.) | 443,060 | 1,980,478 | |
Ageas | 1,544 | 92,680 | |
AIA Group Ltd. | 5,167,600 | 51,713,242 | |
Allianz SE | 106,153 | 25,388,479 | |
Allianz SE sponsored ADR | 38,870 | 927,438 | |
Aon PLC | 109,342 | 22,263,125 | |
Assicurazioni Generali SpA | 194,091 | 3,962,631 | |
Aviva PLC | 7,582,223 | 39,547,056 | |
AXA SA | 919,749 | 25,023,826 | |
Beazley PLC | 357,826 | 2,461,970 | |
CNP Assurances | 97,156 | 1,918,273 | |
Coface SA | 54,573 | 603,089 | |
Dai-ichi Mutual Life Insurance Co. | 313,300 | 5,047,961 | |
Direct Line Insurance Group PLC | 2,743,388 | 10,835,664 | |
Fairfax Financial Holdings Ltd. (sub. vtg.) | 17,280 | 7,862,836 | |
Hiscox Ltd. | 1,303,412 | 22,976,128 | |
IRB Brasil Resseguros SA | 352,800 | 3,100,760 | |
Legal & General Group PLC | 662,178 | 2,405,613 | |
Manulife Financial Corp. | 701,836 | 13,806,350 | |
MAPFRE SA (Reg.) | 341,254 | 962,168 | |
Medibank Private Ltd. | 123,730 | 272,833 | |
Menora Mivtachim Holdings Ltd. | 9,590 | 147,339 | |
MS&AD Insurance Group Holdings, Inc. | 319,200 | 10,329,804 | |
MS&AD Insurance Group Holdings, Inc. ADR | 5,200 | 83,964 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 56,142 | 16,120,001 | |
NKSJ Holdings, Inc. | 466,600 | 18,404,730 | |
NN Group NV | 100,955 | 3,875,330 | |
PICC Property & Casualty Co. Ltd. (H Shares) | 6,036,000 | 6,985,790 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 2,276,000 | 25,844,680 | |
Poste Italiane SpA (b) | 134,883 | 1,573,823 | |
Prudential PLC | 2,211,531 | 39,250,549 | |
Prudential PLC ADR (c) | 15,094 | 535,535 | |
QBE Insurance Group Ltd. | 66,152 | 567,369 | |
RSA Insurance Group PLC | 708,624 | 5,048,601 | |
Saga PLC | 350,917 | 232,820 | |
Societa Cattolica Di Assicurazioni SCRL | 75,279 | 605,480 | |
Steadfast Group Ltd. | 116,423 | 281,132 | |
Storebrand ASA (A Shares) | 1,167,858 | 8,364,279 | |
Sun Life Financial, Inc. | 281,000 | 12,838,884 | |
Swiss Life Holding AG | 7,416 | 3,677,772 | |
Swiss Re Ltd. | 84,882 | 9,195,019 | |
T&D Holdings, Inc. | 32,100 | 377,854 | |
Talanx AG | 91,000 | 4,337,412 | |
The Phoenix Holdings Ltd. | 54,338 | 339,691 | |
Tokio Marine Holdings, Inc. | 318,800 | 17,341,415 | |
Tokio Marine Holdings, Inc. ADR | 4,200 | 229,026 | |
Tryg A/S | 54,868 | 1,577,725 | |
Unipol Gruppo SpA | 156,166 | 915,379 | |
Zurich Insurance Group Ltd. | 70,049 | 27,491,099 | |
461,855,663 | |||
Thrifts & Mortgage Finance - 0.0% | |||
Aareal Bank AG | 9,680 | 298,632 | |
Indiabulls Housing Finance Ltd. | 64,435 | 260,887 | |
Paragon Banking Group PLC | 80,784 | 519,255 | |
1,078,774 | |||
TOTAL FINANCIALS | 1,388,209,393 | ||
HEALTH CARE - 5.7% | |||
Biotechnology - 0.2% | |||
Abcam PLC | 90,244 | 1,558,113 | |
Ascendis Pharma A/S sponsored ADR (a) | 19,900 | 2,292,082 | |
CSL Ltd. | 95,927 | 18,393,606 | |
Genmab A/S (a) | 31,239 | 7,278,328 | |
Seegene, Inc. (a) | 17,776 | 423,596 | |
Vitrolife AB | 67,481 | 1,319,834 | |
31,265,559 | |||
Health Care Equipment & Supplies - 1.3% | |||
Alcon, Inc. (Switzerland) (a) | 59,561 | 3,289,185 | |
ASAHI INTECC Co. Ltd. | 184,400 | 5,375,946 | |
Carl Zeiss Meditec AG | 30,120 | 3,683,670 | |
Cochlear Ltd. | 4,362 | 690,377 | |
Coloplast A/S Series B | 81,377 | 9,614,353 | |
Dentsply Sirona, Inc. | 103,891 | 5,873,997 | |
Elekta AB (B Shares) | 450,183 | 5,650,587 | |
GN Store Nord A/S | 118,917 | 5,602,634 | |
Hoya Corp. | 236,000 | 21,546,701 | |
Koninklijke Philips Electronics NV | 1,197,433 | 55,596,761 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) (c) | 28,240 | 1,312,595 | |
Nanosonics Ltd. (a) | 64,054 | 288,985 | |
Nihon Kohden Corp. | 500,800 | 13,579,543 | |
Olympus Corp. | 1,342,200 | 19,920,790 | |
Osstem Implant Co. Ltd. (a) | 12,166 | 411,438 | |
Siemens Healthineers AG (b) | 174,747 | 8,475,445 | |
Smith & Nephew PLC | 233,472 | 5,211,283 | |
Smith & Nephew PLC sponsored ADR | 10,701 | 479,191 | |
Terumo Corp. | 1,270,600 | 44,602,217 | |
211,205,698 | |||
Health Care Providers & Services - 0.3% | |||
Aier Eye Hospital Group Co. Ltd. (A Shares) | 513,000 | 2,912,066 | |
Alfresa Holdings Corp. | 54,400 | 1,124,094 | |
Amplifon SpA | 93,556 | 2,737,805 | |
Australian Pharmaceutical Industries Ltd. | 387,004 | 342,918 | |
Estia Health Ltd. | 106,973 | 194,639 | |
Fresenius SE & Co. KGaA | 442,667 | 24,210,942 | |
Notre Dame Intermedica Participacoes SA | 316,600 | 4,219,888 | |
Orpea | 26,000 | 3,217,036 | |
Sigma Healthcare Ltd. | 368,393 | 171,935 | |
Sinopharm Group Co. Ltd. (H Shares) | 1,654,297 | 5,462,760 | |
Sonic Healthcare Ltd. | 405,396 | 8,259,201 | |
Spire Healthcare Group PLC (b) | 91,336 | 145,884 | |
Suzuken Co. Ltd. | 14,000 | 612,228 | |
53,611,396 | |||
Life Sciences Tools & Services - 0.2% | |||
Clinigen Group PLC | 53,088 | 598,017 | |
ICON PLC (a) | 41,698 | 6,803,446 | |
Lonza Group AG | 49,710 | 16,885,737 | |
QIAGEN NV (a) | 153,372 | 6,564,322 | |
Sartorius Stedim Biotech | 7,809 | 1,239,830 | |
Tecan Group AG | 6,422 | 1,725,381 | |
33,816,733 | |||
Pharmaceuticals - 3.7% | |||
Astellas Pharma, Inc. | 2,478,200 | 42,296,093 | |
AstraZeneca PLC: | |||
(United Kingdom) | 264,023 | 25,506,684 | |
sponsored ADR | 191,652 | 9,291,289 | |
Bayer AG | 972,187 | 73,424,047 | |
Bayer AG sponsored ADR | 88,631 | 1,673,353 | |
Daiichi Sankyo Kabushiki Kaisha | 39,700 | 2,489,686 | |
Dainippon Sumitomo Pharma Co. Ltd. | 10,400 | 196,461 | |
Eisai Co. Ltd. | 35,600 | 2,638,604 | |
GlaxoSmithKline PLC sponsored ADR | 382,755 | 17,407,697 | |
Ipsen SA | 18,241 | 2,060,038 | |
Kyowa Hakko Kirin Co., Ltd. | 317,700 | 6,744,810 | |
Merck KGaA | 57,063 | 6,664,433 | |
Novartis AG | 918,347 | 84,658,666 | |
Novartis AG sponsored ADR | 25,079 | 2,314,792 | |
Novo Nordisk A/S: | |||
Series B | 886,268 | 49,819,045 | |
Series B sponsored ADR | 88,119 | 4,947,882 | |
Orion Oyj (B Shares) | 22,840 | 994,022 | |
Otsuka Holdings Co. Ltd. | 263,500 | 11,496,518 | |
Roche Holding AG: | |||
(participation certificate) | 385,716 | 118,913,534 | |
sponsored ADR (a) | 133,321 | 5,142,191 | |
Sanofi SA | 393,096 | 36,643,934 | |
Santen Pharmaceutical Co. Ltd. | 2,379,700 | 44,584,034 | |
Shionogi & Co. Ltd. | 100,400 | 5,907,286 | |
Takeda Pharmaceutical Co. Ltd. | 1,366,100 | 55,659,127 | |
Takeda Pharmaceutical Co. Ltd. ADR | 174,000 | 3,532,200 | |
UCB SA | 4,711 | 381,819 | |
615,388,245 | |||
TOTAL HEALTH CARE | 945,287,631 | ||
INDUSTRIALS - 9.1% | |||
Aerospace & Defense - 0.7% | |||
Airbus Group NV | 160,306 | 23,556,133 | |
Airbus Group NV ADR | 6,300 | 231,525 | |
Chemring Group PLC | 41,521 | 107,935 | |
Cobham PLC | 2,717,697 | 5,560,410 | |
Dassault Aviation SA | 2,300 | 3,129,663 | |
Leonardo SpA | 159,766 | 1,868,560 | |
Meggitt PLC | 1,695,958 | 14,103,449 | |
MTU Aero Engines Holdings AG | 47,518 | 12,874,176 | |
QinetiQ Group PLC | 234,119 | 1,011,911 | |
Rolls-Royce Holdings PLC | 3,736,045 | 34,330,152 | |
Rolls-Royce Holdings PLC (C Shares) | 162,477,152 | 210,132 | |
Safran SA | 138,481 | 22,650,258 | |
Senior Engineering Group PLC | 325,958 | 761,762 | |
120,396,066 | |||
Air Freight & Logistics - 0.3% | |||
Deutsche Post AG | 890,371 | 33,197,404 | |
DSV A/S | 109,871 | 11,963,333 | |
Royal Mail PLC | 225,283 | 607,482 | |
SBS Co. Ltd. | 13,400 | 243,213 | |
SG Holdings Co. Ltd. | 12,500 | 299,991 | |
Yamato Holdings Co. Ltd. | 277,000 | 4,739,024 | |
51,050,447 | |||
Airlines - 0.5% | |||
Air France KLM (Reg.) (a) | 604,202 | 7,109,780 | |
Deutsche Lufthansa AG | 228,439 | 4,334,172 | |
International Consolidated Airlines Group SA ADR | 16,000 | 229,152 | |
Japan Airlines Co. Ltd. | 288,700 | 8,976,032 | |
Qantas Airways Ltd. | 2,763,563 | 13,645,700 | |
Ryanair Holdings PLC sponsored ADR (a) | 525,541 | 43,788,076 | |
78,082,912 | |||
Building Products - 0.5% | |||
Agc, Inc. | 49,700 | 1,814,581 | |
Agc, Inc. ADR | 9,900 | 71,973 | |
ASSA ABLOY AB (B Shares) | 71,132 | 1,689,100 | |
Belimo Holding AG (Reg.) | 236 | 1,557,990 | |
Central Glass Co. Ltd. | 10,400 | 253,014 | |
Compagnie de St. Gobain | 146,589 | 5,935,557 | |
Daikin Industries Ltd. | 236,800 | 34,113,695 | |
Geberit AG (Reg.) | 21,779 | 11,693,891 | |
GWA Group Ltd. | 195,735 | 436,904 | |
Kingspan Group PLC (Ireland) | 112,305 | 6,053,246 | |
LIXIL Group Corp. | 54,500 | 921,449 | |
Nibe Industrier AB (B Shares) | 127,676 | 1,951,868 | |
Nitto Boseki Co. Ltd. | 12,300 | 453,016 | |
Sanwa Holdings Corp. | 88,100 | 966,991 | |
Takasago Thermal Engineering Co. Ltd. | 13,200 | 228,847 | |
Toto Ltd. | 321,200 | 14,060,940 | |
82,203,062 | |||
Commercial Services & Supplies - 0.5% | |||
Aggreko PLC | 90,090 | 966,828 | |
AMA Group Ltd. | 137,227 | 115,097 | |
BIC SA | 12,406 | 854,308 | |
Brambles Ltd. | 2,329,386 | 19,773,738 | |
Country Garden Services Holdings Co. Ltd. | 857,000 | 2,769,743 | |
Downer EDI Ltd. | 320,005 | 1,811,698 | |
Edenred SA | 25,935 | 1,287,312 | |
Nippon Parking Development Co. Ltd. | 252,400 | 385,220 | |
Rentokil Initial PLC | 1,986,410 | 11,429,588 | |
Ritchie Bros. Auctioneers, Inc. | 196,511 | 8,451,911 | |
Secom Co. Ltd. | 253,600 | 21,570,601 | |
SG Fleet Group Ltd. | 74,291 | 135,174 | |
Shanks Group PLC | 183,603 | 69,811 | |
Smartgroup Corp. Ltd. | 24,462 | 149,742 | |
Sohgo Security Services Co., Ltd. | 147,400 | 7,665,016 | |
Toppan Printing Co. Ltd. | 73,900 | 1,470,301 | |
Transpacific Industries Group Ltd. | 31,867 | 45,696 | |
78,951,784 | |||
Construction & Engineering - 0.1% | |||
ACS Actividades de Construccion y Servicios SA | 156,766 | 6,093,969 | |
Balfour Beatty PLC | 4,708,894 | 13,446,748 | |
19,540,717 | |||
Electrical Equipment - 1.5% | |||
ABB Ltd. (Reg.) | 2,796,000 | 61,086,231 | |
Denyo Co. Ltd. | 12,000 | 224,931 | |
Fuji Electric Co. Ltd. | 18,500 | 569,777 | |
Huber+Suhner AG | 3,274 | 223,670 | |
Legrand SA | 686,759 | 54,238,182 | |
Melrose Industries PLC | 7,517,133 | 22,321,501 | |
Mitsubishi Electric Corp. | 987,000 | 13,634,167 | |
Nexans SA | 14,913 | 590,207 | |
Philips Lighting NV (b) | 35,373 | 1,055,025 | |
Prysmian SpA | 508,665 | 11,595,650 | |
Schneider Electric SA | 777,861 | 75,037,841 | |
Siemens Gamesa Renewable Energy SA | 488,300 | 7,793,059 | |
Tatsuta Electric Wire & Cable Co. Ltd. | 50,900 | 273,061 | |
Vestas Wind Systems A/S | 22,212 | 2,113,947 | |
250,757,249 | |||
Industrial Conglomerates - 0.9% | |||
Bidvest Group Ltd. | 80,872 | 1,120,412 | |
CJ Corp. | 3,761 | 293,226 | |
CK Hutchison Holdings Ltd. | 2,560,500 | 23,255,863 | |
DCC PLC (United Kingdom) | 188,911 | 16,144,573 | |
Lifco AB | 41,099 | 2,263,882 | |
Nolato AB Series B | 36,344 | 2,011,447 | |
Siemens AG | 675,538 | 87,052,991 | |
Toshiba Corp. | 461,490 | 16,575,175 | |
148,717,569 | |||
Machinery - 1.8% | |||
Andritz AG | 12,954 | 505,254 | |
Atlas Copco AB: | |||
(A Shares) | 482,985 | 17,697,707 | |
(B Shares) | 42,174 | 1,363,470 | |
Bodycote PLC | 37,459 | 422,447 | |
Burckhardt Compression Holding AG | 1,236 | 304,132 | |
CNH Industrial NV | 181,133 | 1,941,440 | |
Dmg Mori Co. Ltd. (c) | 30,800 | 487,531 | |
Epiroc AB Class A | 237,322 | 2,770,638 | |
Fanuc Corp. | 256,300 | 48,938,590 | |
Fujitec Co. Ltd. | 20,700 | 327,280 | |
Furukawa Co. Ltd. | 11,600 | 160,292 | |
GEA Group AG | 816,729 | 26,249,266 | |
Glory Ltd. | 31,400 | 948,428 | |
Harmonic Drive Systems, Inc. (c) | 54,200 | 2,355,337 | |
Hino Motors Ltd. | 105,300 | 1,030,674 | |
IHI Corp. | 25,000 | 583,303 | |
IMI PLC | 1,126,197 | 16,327,484 | |
Interpump Group SpA | 26,444 | 826,297 | |
Interroll Holding AG | 323 | 696,239 | |
JTEKT Corp. | 73,600 | 914,787 | |
Kawasaki Heavy Industries Ltd. | 54,900 | 1,233,268 | |
KION Group AG | 29,978 | 1,989,052 | |
Kitz Corp. | 73,600 | 511,877 | |
Knorr-Bremse AG | 54,461 | 5,297,253 | |
Komori Corp. | 73,200 | 768,660 | |
Kone OYJ (B Shares) | 40,787 | 2,553,441 | |
Kubota Corp. | 1,086,300 | 16,763,092 | |
Max Co. Ltd. | 12,800 | 248,116 | |
Metso Corp. | 37,700 | 1,445,518 | |
Misumi Group, Inc. | 360,200 | 8,921,056 | |
Mitsuboshi Belting Ltd. | 15,900 | 303,556 | |
Mitsui Engineering & Shipbuilding Co. (a) | 24,600 | 201,890 | |
Morgan Advanced Materials PLC | 35,343 | 131,094 | |
Nachi-Fujikoshi Corp. | 10,200 | 471,687 | |
Nordson Corp. | 74,803 | 12,404,581 | |
Noritake Co. Ltd. | 1,100 | 46,646 | |
NSK Ltd. | 150,900 | 1,459,077 | |
Organo Corp. | 3,300 | 200,256 | |
Rotork PLC | 714,577 | 3,029,404 | |
Ryobi Ltd. | 14,000 | 268,178 | |
Schindler Holding AG (participation certificate) | 88,891 | 22,166,068 | |
Sintokogio Ltd. | 39,800 | 373,193 | |
SMC Corp. | 79,400 | 35,999,214 | |
Sodick Co. Ltd. | 27,600 | 258,545 | |
Spirax-Sarco Engineering PLC | 257,742 | 29,750,392 | |
Sumitomo Heavy Industries Ltd. | 8,400 | 240,285 | |
Sunonwealth Electric Machine Industry Co. Ltd. | 441,000 | 616,132 | |
Takuma Co. Ltd. | 18,800 | 215,284 | |
Techtronic Industries Co. Ltd. | 1,987,000 | 14,937,655 | |
THK Co. Ltd. | 287,100 | 8,068,292 | |
Toshiba Machine Co. Ltd. | 33,000 | 841,437 | |
Valmet Corp. | 10,419 | 233,267 | |
VAT Group AG (b) | 17,481 | 2,530,133 | |
Vesuvius PLC | 32,206 | 188,934 | |
Volvo AB (A Shares) | 35,385 | 546,496 | |
Wartsila Corp. | 267,761 | 2,695,294 | |
302,758,919 | |||
Marine - 0.1% | |||
A.P. Moller - Maersk A/S Series B | 7,639 | 10,676,543 | |
Nippon Yusen KK | 47,800 | 820,839 | |
11,497,382 | |||
Professional Services - 1.3% | |||
51job, Inc. sponsored ADR (a) | 88,637 | 6,968,641 | |
Adecco SA (Reg.) | 18,913 | 1,169,494 | |
Benefit One, Inc. | 127,800 | 2,787,960 | |
Centre Testing International Group Co. Ltd. (A Shares) | 1,504,900 | 2,906,034 | |
en-japan, Inc. | 35,700 | 1,667,218 | |
Experian PLC | 1,178,300 | 39,085,584 | |
Experian PLC ADR | 11,200 | 371,840 | |
Hays PLC | 201,909 | 435,302 | |
Intertek Group PLC | 302,504 | 21,580,160 | |
IPH Ltd. | 149,533 | 842,531 | |
McMillan Shakespeare Ltd. | 17,175 | 173,793 | |
Meitec Corp. | 28,800 | 1,523,963 | |
Nihon M&A Center, Inc. | 104,300 | 3,474,443 | |
Persol Holdings Co., Ltd. | 153,300 | 2,820,260 | |
Recruit Holdings Co. Ltd. | 307,400 | 11,142,750 | |
RELX PLC: | |||
(Euronext N.V.) | 669,225 | 16,206,999 | |
(London Stock Exchange) | 750,157 | 18,171,435 | |
SGS SA (Reg.) | 10,804 | 28,119,038 | |
SR Teleperformance SA | 25,682 | 6,083,732 | |
TechnoPro Holdings, Inc. | 104,600 | 6,959,313 | |
Thomson Reuters Corp. | 133,802 | 9,437,559 | |
Tinexta SpA | 7,504 | 104,341 | |
United Technology Holdings Co. Ltd. | 69,300 | 1,963,352 | |
Wolters Kluwer NV | 315,555 | 22,654,731 | |
206,650,473 | |||
Road & Rail - 0.4% | |||
Aurizon Holdings Ltd. | 482,334 | 1,885,729 | |
Canadian National Railway Co. | 164,935 | 15,032,019 | |
Canadian Pacific Railway Ltd. (c) | 39,132 | 9,316,498 | |
Central Japan Railway Co. | 35,300 | 7,128,071 | |
East Japan Railway Co. | 267,400 | 24,609,011 | |
Hankyu Hanshin Holdings, Inc. | 48,700 | 2,091,848 | |
Keio Corp. | 2,700 | 173,222 | |
Localiza Rent A Car SA | 224,400 | 2,349,106 | |
Maruzen Showa Unyu Co. Ltd. | 3,800 | 107,832 | |
Nikkon Holdings Co. Ltd. | 22,600 | 560,766 | |
Seibu Holdings, Inc. | 22,900 | 403,711 | |
The Go-Ahead Group PLC | 6,430 | 181,786 | |
Tokyu Corp. | 54,600 | 1,077,330 | |
West Japan Railway Co. | 39,200 | 3,452,480 | |
68,369,409 | |||
Trading Companies & Distributors - 0.4% | |||
Ashtead Group PLC | 201,958 | 6,138,019 | |
Brenntag AG | 183,916 | 9,809,737 | |
Daiichi Jitsugyo Co. Ltd. | 2,000 | 68,086 | |
Ferguson PLC | 20,046 | 1,745,364 | |
Ferguson PLC ADR | 20,500 | 178,145 | |
Indutrade AB | 69,324 | 2,265,833 | |
Mitsubishi Corp. | 345,400 | 9,046,942 | |
MonotaRO Co. Ltd. | 87,800 | 2,471,431 | |
Rexel SA | 479,588 | 5,852,141 | |
Sumitomo Corp. | 997,000 | 15,025,160 | |
Toromont Industries Ltd. | 33,350 | 1,731,398 | |
Toyota Tsusho Corp. | 49,300 | 1,723,382 | |
56,055,638 | |||
Transportation Infrastructure - 0.1% | |||
Airports of Thailand PCL (For. Reg.) | 940,100 | 2,348,695 | |
Astm SpA | 9,663 | 295,552 | |
Atlantia SpA | 61,759 | 1,369,087 | |
Auckland International Airport Ltd. | 260,928 | 1,512,667 | |
China Merchants Holdings International Co. Ltd. | 3,778,582 | 5,879,146 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 12,650 | 2,168,969 | |
Kamigumi Co. Ltd. | 42,600 | 944,504 | |
Malaysia Airports Holdings Bhd | 1,226,300 | 2,437,038 | |
Mitsubishi Logistics Corp. | 8,700 | 222,390 | |
The Sumitomo Warehouse Co. Ltd. | 60,500 | 828,820 | |
18,006,868 | |||
TOTAL INDUSTRIALS | 1,493,038,495 | ||
INFORMATION TECHNOLOGY - 7.4% | |||
Communications Equipment - 0.1% | |||
Ericsson: | |||
(B Shares) | 1,700,394 | 15,323,584 | |
(B Shares) sponsored ADR | 59,455 | 537,473 | |
Nokia Corp. sponsored ADR (c) | 176,500 | 617,750 | |
16,478,807 | |||
Electronic Equipment & Components - 1.6% | |||
Alps Electric Co. Ltd. | 120,500 | 2,721,216 | |
Amano Corp. | 29,000 | 867,986 | |
Daeduck Electronics Co. Ltd. | 39,562 | 339,926 | |
Daiwabo Holdings Co. Ltd. | 27,400 | 1,354,725 | |
EGiS Technology, Inc. | 25,000 | 189,996 | |
Enplas Corp. | 6,600 | 219,558 | |
ESPEC Corp. | 15,100 | 292,837 | |
Halma PLC | 949,399 | 25,858,684 | |
Hamamatsu Photonics K.K. | 129,400 | 5,244,827 | |
Hexagon AB (B Shares) | 216,210 | 12,223,456 | |
Hirose Electric Co. Ltd. | 164,490 | 20,234,284 | |
Hitachi High-Technologies Corp. | 28,000 | 1,827,088 | |
Hitachi Ltd. | 1,030,880 | 40,511,643 | |
Hitachi Ltd. sponsored ADR | 978 | 76,969 | |
Hosiden Corp. | 13,800 | 167,739 | |
Ibiden Co. Ltd. | 66,500 | 1,571,034 | |
Ingenico SA | 62,870 | 6,709,508 | |
ITEQ Corp. | 115,000 | 525,518 | |
Keyence Corp. | 55,600 | 19,024,529 | |
Kyocera Corp. | 327,600 | 22,296,081 | |
Landis+Gyr Group AG | 12,879 | 1,315,275 | |
Largan Precision Co. Ltd. | 36,000 | 5,230,124 | |
LG Innotek Co. Ltd. | 4,148 | 428,389 | |
Murata Manufacturing Co. Ltd. | 250,500 | 14,531,327 | |
Mycronic AB (c) | 7,165 | 118,215 | |
Nippon Electric Glass Co. Ltd. | 37,000 | 784,838 | |
Oki Electric Industry Co. Ltd. | 62,800 | 864,920 | |
OMRON Corp. | 566,700 | 33,301,782 | |
Partron Co. Ltd. | 48,321 | 484,723 | |
Renishaw PLC | 40,523 | 2,076,421 | |
Samsung SDI Co. Ltd. | 19,869 | 3,885,329 | |
Sanshin Electronic Co. Ltd. | 7,400 | 113,144 | |
SFA Engineering Corp. | 5,945 | 214,640 | |
Shimadzu Corp. | 315,100 | 9,488,709 | |
Spectris PLC | 333,184 | 12,078,320 | |
TDK Corp. | 35,300 | 3,713,243 | |
Yokogawa Electric Corp. | 368,400 | 6,743,787 | |
257,630,790 | |||
IT Services - 1.3% | |||
Adyen BV (a)(b) | 7,851 | 6,022,291 | |
Afterpay Touch Group Ltd. (a) | 32,989 | 705,115 | |
ALTEN | 16,944 | 1,956,501 | |
Amadeus IT Holding SA Class A | 874,224 | 69,640,806 | |
Argo Graphics, Inc. | 5,100 | 151,947 | |
Capgemini SA | 92,616 | 10,954,457 | |
Computershare Ltd. | 211,133 | 2,532,028 | |
EPAM Systems, Inc. (a) | 29,568 | 6,263,981 | |
Fujitsu Ltd. | 221,940 | 20,183,924 | |
GMO Payment Gateway, Inc. | 32,700 | 2,319,064 | |
Hexaware Technologies Ltd. | 275,588 | 1,303,636 | |
Ines Corp. | 15,500 | 189,536 | |
Infocom Corp. | 13,800 | 309,623 | |
iomart Group PLC | 4,648 | 21,340 | |
IT Holdings Corp. | 87,000 | 5,168,159 | |
Link Administration Holdings Ltd. | 102,343 | 401,504 | |
MasterCard, Inc. Class A | 37,380 | 10,923,557 | |
NEC System Integration & Constuction Ltd. | 3,600 | 112,521 | |
Nomura Research Institute Ltd. | 1,795,500 | 37,888,955 | |
NS Solutions Corp. | 49,800 | 1,724,931 | |
NSD Co. Ltd. | 16,900 | 550,617 | |
NTT Data Corp. | 241,500 | 3,292,981 | |
OBIC Co. Ltd. | 154,400 | 20,502,943 | |
SCSK Corp. | 25,100 | 1,314,412 | |
Softcat PLC | 138,568 | 2,017,905 | |
Wirecard AG (c) | 28,282 | 3,733,101 | |
Wix.com Ltd. (a) | 80,578 | 9,741,074 | |
Worldline SA (a)(b) | 41,451 | 2,683,154 | |
222,610,063 | |||
Semiconductors & Semiconductor Equipment - 2.0% | |||
Advantest Corp. | 35,000 | 1,711,296 | |
Analog Devices, Inc. | 238,068 | 26,889,781 | |
ASML Holding NV | 28,686 | 7,763,005 | |
ASML Holding NV (Netherlands) | 154,609 | 41,912,118 | |
Broadcom, Inc. | 32,400 | 10,245,204 | |
Dialog Semiconductor PLC (a) | 28,517 | 1,450,977 | |
Disco Corp. | 29,900 | 6,454,378 | |
Dongbu HiTek Co. Ltd. | 27,473 | 441,875 | |
Everlight Electronics Co. Ltd. | 51,000 | 55,633 | |
GlobalWafers Co. Ltd. | 172,000 | 1,864,972 | |
Infineon Technologies AG | 1,773,851 | 37,803,680 | |
Innox Advanced Materials Co. Ltd. | 6,175 | 257,183 | |
MediaTek, Inc. | 541,000 | 7,469,830 | |
Melexis NV | 25,367 | 1,850,248 | |
Mellanox Technologies Ltd. (a) | 68,415 | 7,860,884 | |
NXP Semiconductors NV | 253,530 | 29,302,997 | |
Renesas Electronics Corp. (a) | 611,000 | 3,981,384 | |
Silicon Motion Technology Corp. sponsored ADR | 140,930 | 6,243,199 | |
Siltronic AG | 7,689 | 636,736 | |
STMicroelectronics NV: | |||
(France) | 105,968 | 2,590,428 | |
(NY Shares) unit (c) | 51,339 | 1,251,131 | |
Sumco Corp. | 73,400 | 1,134,339 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,959,000 | 19,694,274 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,596,076 | 84,735,675 | |
Texas Instruments, Inc. | 100,917 | 12,131,233 | |
Tokyo Electron Ltd. | 81,700 | 16,874,612 | |
Topco Scientific Co. Ltd. | 86,000 | 280,309 | |
Ulvac, Inc. | 6,300 | 247,866 | |
Visual Photonics Epitaxy Co. Ltd. | 89,000 | 346,939 | |
333,482,186 | |||
Software - 1.7% | |||
Altium Ltd. | 30,790 | 746,625 | |
ANSYS, Inc. (a) | 114,148 | 29,072,354 | |
Avast PLC (b) | 860,765 | 4,987,259 | |
Aveva Group PLC | 105,640 | 6,227,332 | |
Cadence Design Systems, Inc. (a) | 703,934 | 49,451,364 | |
Check Point Software Technologies Ltd. (a) | 183,836 | 21,670,588 | |
Constellation Software, Inc. | 7,494 | 8,005,767 | |
CyberArk Software Ltd. (a) | 12,729 | 1,559,939 | |
Dassault Systemes SA | 211,942 | 33,393,030 | |
Descartes Systems Group, Inc. (Canada) (a) | 92,236 | 3,951,087 | |
Digital Arts, Inc. | 21,000 | 1,205,264 | |
Fukui Computer Holdings, Inc. | 15,100 | 533,371 | |
Globant SA (a) | 20,745 | 2,219,715 | |
Haansoft, Inc. | 11,026 | 92,591 | |
Iress Ltd. | 58,422 | 514,112 | |
Justsystems Corp. | 16,600 | 841,985 | |
Micro Focus International PLC | 912,505 | 13,372,411 | |
NICE Systems Ltd. sponsored ADR (a) | 16,994 | 2,574,421 | |
Oracle Corp. Japan | 3,700 | 340,514 | |
Sage Group PLC | 275,091 | 2,681,833 | |
SAP SE | 623,491 | 84,705,450 | |
SAP SE sponsored ADR | 865 | 117,597 | |
Software AG (Bearer) | 32,444 | 1,094,210 | |
TeamViewer AG (a) | 96,872 | 2,767,601 | |
Temenos Group AG | 45,328 | 6,877,977 | |
Trend Micro, Inc. | 9,200 | 496,911 | |
WiseTech Global Ltd. | 148,421 | 2,738,693 | |
282,240,001 | |||
Technology Hardware, Storage & Peripherals - 0.7% | |||
Asia Vital Components Co. Ltd. | 150,000 | 194,828 | |
Brother Industries Ltd. | 38,300 | 759,560 | |
Canon, Inc. | 50,000 | 1,385,080 | |
Canon, Inc. sponsored ADR (c) | 40,994 | 1,133,074 | |
Fujifilm Holdings Corp. | 135,400 | 6,400,007 | |
Konica Minolta, Inc. | 112,800 | 739,148 | |
Logitech International SA (Reg.) | 88,276 | 3,859,509 | |
NEC Corp. | 15,900 | 635,738 | |
Ricoh Co. Ltd. | 96,800 | 997,017 | |
Samsung Electronics Co. Ltd. | 2,196,540 | 93,529,131 | |
Seiko Epson Corp. | 215,000 | 3,273,533 | |
112,906,625 | |||
TOTAL INFORMATION TECHNOLOGY | 1,225,348,472 | ||
MATERIALS - 4.1% | |||
Chemicals - 3.0% | |||
Air Liquide SA | 67,794 | 9,191,273 | |
Air Water, Inc. | 48,900 | 785,653 | |
Akzo Nobel NV | 500,116 | 47,895,337 | |
Arkema SA | 75,800 | 7,855,556 | |
Asahi Kasei Corp. | 826,700 | 9,289,231 | |
BASF AG | 800,302 | 60,072,816 | |
Christian Hansen Holding A/S | 49,992 | 3,796,515 | |
Chugoku Marine Paints Ltd. | 26,500 | 245,819 | |
Clariant AG (Reg.) | 46,630 | 963,617 | |
Covestro AG (b) | 193,091 | 9,041,776 | |
Croda International PLC | 400,753 | 25,811,034 | |
Denki Kagaku Kogyo KK | 176,360 | 5,254,374 | |
Givaudan SA | 22,152 | 65,121,008 | |
Incitec Pivot Ltd. | 300,612 | 656,769 | |
Johnson Matthey PLC | 596,230 | 22,161,537 | |
JSR Corp. | 11,300 | 200,037 | |
K&S AG (c) | 34,395 | 388,628 | |
Kaneka Corp. | 14,200 | 460,053 | |
Kansai Paint Co. Ltd. | 647,200 | 16,313,084 | |
Koninklijke DSM NV | 25,245 | 3,234,878 | |
Kuraray Co. Ltd. | 590,800 | 7,143,378 | |
Linde PLC | 330,507 | 68,060,123 | |
Nippon Soda Co. Ltd. | 21,500 | 574,145 | |
Nitto Denko Corp. | 268,100 | 15,044,178 | |
Novozymes A/S Series B | 325,577 | 15,555,220 | |
Pidilite Industries Ltd. | 105,021 | 1,907,237 | |
Shin-Etsu Chemical Co. Ltd. | 87,700 | 9,426,790 | |
Showa Denko K.K. | 9,200 | 245,765 | |
Sika AG | 217,890 | 37,933,238 | |
Sumitomo Chemical Co. Ltd. | 78,600 | 354,857 | |
Symrise AG | 421,520 | 40,888,482 | |
Teijin Ltd. | 16,300 | 306,724 | |
Tokyo Ohka Kogyo Co. Ltd. | 7,700 | 286,762 | |
Tosoh Corp. | 79,900 | 1,190,249 | |
Umicore SA | 175,819 | 7,551,103 | |
Victrex PLC | 96,215 | 2,862,002 | |
Wacker Chemie AG | 93 | 6,414 | |
498,075,662 | |||
Construction Materials - 0.1% | |||
CRH PLC sponsored ADR | 61,525 | 2,356,408 | |
Fletcher Building Ltd. | 51,938 | 174,390 | |
HeidelbergCement Finance AG | 163,500 | 12,087,682 | |
Imerys SA (c) | 26,546 | 1,052,942 | |
15,671,422 | |||
Containers & Packaging - 0.1% | |||
Amcor PLC unit | 525,280 | 5,418,316 | |
Smurfit Kappa Group PLC | 292,708 | 10,384,683 | |
Toyo Seikan Group Holdings Ltd. | 56,800 | 989,925 | |
16,792,924 | |||
Metals & Mining - 0.8% | |||
Agnico Eagle Mines Ltd. (Canada) (c) | 113,891 | 6,794,190 | |
Anglo American PLC (United Kingdom) | 64,041 | 1,678,433 | |
Antofagasta PLC | 603,710 | 6,777,154 | |
ArcelorMittal SA: | |||
(Netherlands) | 432,066 | 7,392,109 | |
Class A unit (c) | 43,495 | 744,199 | |
BHP Billiton Ltd. | 452,077 | 11,656,888 | |
BHP Billiton Ltd. sponsored ADR (c) | 89,470 | 4,610,389 | |
BHP Billiton PLC | 573,827 | 12,712,672 | |
BHP Billiton PLC ADR | 249,326 | 11,075,061 | |
Boliden AB | 42,646 | 1,099,956 | |
Constellium NV (a) | 27,300 | 386,022 | |
Ferrexpo PLC | 108,337 | 200,921 | |
Fortescue Metals Group Ltd. | 461,934 | 3,040,159 | |
Franco-Nevada Corp. | 106,810 | 10,498,467 | |
Glencore Xstrata PLC | 1,836,538 | 5,797,164 | |
Independence Group NL | 1,458,634 | 5,771,727 | |
Kobe Steel Ltd. | 90,700 | 463,364 | |
Mitsubishi Materials Corp. | 16,400 | 438,253 | |
Mitsui Mining & Smelting Co. Ltd. | 110,000 | 2,765,582 | |
MMC Norilsk Nickel PJSC | 8,339 | 2,210,420 | |
Newcrest Mining Ltd. | 55,649 | 1,157,837 | |
POSCO | 3,813 | 742,188 | |
Rio Tinto Ltd. | 122,078 | 8,001,378 | |
Rio Tinto PLC | 136,644 | 7,438,745 | |
Rio Tinto PLC sponsored ADR | 234,102 | 12,772,605 | |
Silver Lake Resources Ltd. (a) | 220,897 | 165,850 | |
South32 Ltd. | 2,954,637 | 5,395,994 | |
131,787,727 | |||
Paper & Forest Products - 0.1% | |||
Stora Enso Oyj (R Shares) | 648,070 | 8,711,331 | |
TOTAL MATERIALS | 671,039,066 | ||
REAL ESTATE - 1.1% | |||
Equity Real Estate Investment Trusts (REITs) - 0.3% | |||
Big Yellow Group PLC | 174,417 | 2,492,587 | |
British Land Co. PLC | 1,246,000 | 9,271,752 | |
Goodman Group unit | 436,183 | 4,372,407 | |
Great Portland Estates PLC | 527,437 | 5,667,172 | |
Japan Real Estate Investment Corp. | 146 | 994,060 | |
Link (REIT) | 221,500 | 2,263,611 | |
Scentre Group unit | 2,096,442 | 5,587,051 | |
Segro PLC | 691,861 | 7,999,368 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit | 29,955 | 4,683,327 | |
Unite Group PLC | 111,950 | 1,811,260 | |
Vicinity Centres unit | 370,539 | 671,695 | |
Warehouses de Pauw | 12,670 | 2,241,945 | |
48,056,235 | |||
Real Estate Management & Development - 0.8% | |||
Cheung Kong Property Holdings Ltd. | 1,230,100 | 8,178,982 | |
Deutsche Wohnen AG (Bearer) | 836,999 | 32,692,185 | |
Fabege AB | 150,255 | 2,348,825 | |
Grand City Properties SA | 651,898 | 15,126,581 | |
Hang Lung Group Ltd. | 205,000 | 495,989 | |
Hongkong Land Holdings Ltd. | 44,600 | 245,300 | |
IWG PLC | 210,409 | 1,111,890 | |
LEG Immobilien AG | 230,635 | 26,033,943 | |
Lendlease Group unit | 178,700 | 2,334,051 | |
Mitsui Fudosan Co. Ltd. | 392,600 | 9,770,150 | |
Savills PLC | 188,954 | 2,419,305 | |
Swire Pacific Ltd. (A Shares) | 113,000 | 1,020,270 | |
TAG Immobilien AG | 327,424 | 7,878,906 | |
Vonovia SE | 584,821 | 30,471,585 | |
140,127,962 | |||
TOTAL REAL ESTATE | 188,184,197 | ||
UTILITIES - 1.2% | |||
Electric Utilities - 0.6% | |||
Chubu Electric Power Co., Inc. | 135,200 | 1,885,535 | |
CLP Holdings Ltd. | 972,500 | 10,025,389 | |
Companhia Paranaense de Energia-Copel | 10,400 | 162,226 | |
EDF SA (c) | 130,122 | 1,336,767 | |
EDF SA rights (a)(c) | 130,122 | 21,505 | |
Enel SpA | 2,396,365 | 18,111,930 | |
Enel SpA ADR | 27,500 | 207,350 | |
Iberdrola SA | 2,528,617 | 24,875,871 | |
Kansai Electric Power Co., Inc. | 106,900 | 1,219,258 | |
Mosenergo PJSC | 1,381,000 | 52,367 | |
ORSTED A/S (b) | 183,866 | 16,945,675 | |
Scottish & Southern Energy PLC | 1,267,121 | 21,303,921 | |
Terna SpA | 166,465 | 1,069,287 | |
The Okinawa Electric Power Co., Inc. | 35,300 | 641,672 | |
Tokyo Electric Power Co., Inc. (a) | 415,900 | 1,824,456 | |
99,683,209 | |||
Gas Utilities - 0.2% | |||
APA Group unit | 1,068,220 | 7,947,984 | |
Beijing Enterprises Holdings Ltd. | 808,500 | 3,573,503 | |
China Resource Gas Group Ltd. | 1,058,000 | 5,892,645 | |
Gas Natural SDG SA | 132,576 | 3,447,305 | |
Rubis SCA | 35,841 | 2,041,613 | |
Snam Rete Gas SpA | 378,118 | 1,879,746 | |
24,782,796 | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
Drax Group PLC | 70,014 | 252,632 | |
Electric Power Development Co. Ltd. | 250,800 | 6,016,725 | |
Meridian Energy Ltd. | 188,178 | 569,016 | |
6,838,373 | |||
Multi-Utilities - 0.4% | |||
A2A SpA | 242,906 | 456,985 | |
ACEA SpA | 22,762 | 473,495 | |
AGL Energy Ltd. | 112,475 | 1,552,754 | |
Centrica PLC | 248,346 | 257,655 | |
E.ON AG | 236,609 | 2,475,862 | |
ENGIE | 2,122,004 | 33,574,025 | |
National Grid PLC | 673,795 | 7,753,016 | |
National Grid PLC sponsored ADR (c) | 9,349 | 537,194 | |
Veolia Environnement SA | 582,400 | 14,912,836 | |
61,993,822 | |||
Water Utilities - 0.0% | |||
Companhia de Saneamento de Minas Gerais | 1,600 | 25,774 | |
TOTAL UTILITIES | 193,323,974 | ||
TOTAL COMMON STOCKS | |||
(Cost $6,936,236,572) | 8,663,317,113 | ||
Nonconvertible Preferred Stocks - 0.8% | |||
COMMUNICATION SERVICES - 0.0% | |||
Diversified Telecommunication Services - 0.0% | |||
Telecom Italia SpA (Risparmio Shares) | 6,863,377 | 4,227,196 | |
CONSUMER DISCRETIONARY - 0.4% | |||
Automobiles - 0.4% | |||
Porsche Automobil Holding SE (Germany) | 52,448 | 3,873,843 | |
Volkswagen AG | 348,880 | 67,453,807 | |
71,327,650 | |||
CONSUMER STAPLES - 0.3% | |||
Beverages - 0.0% | |||
Ambev SA sponsored ADR | 1,111,432 | 4,679,129 | |
Household Products - 0.3% | |||
Henkel AG & Co. KGaA | 426,448 | 45,050,216 | |
TOTAL CONSUMER STAPLES | 49,729,345 | ||
FINANCIALS - 0.0% | |||
Banks - 0.0% | |||
Sberbank of Russia | 168,800 | 557,789 | |
HEALTH CARE - 0.0% | |||
Biotechnology - 0.0% | |||
Grifols SA Class B | 10,560 | 241,317 | |
INDUSTRIALS - 0.1% | |||
Aerospace & Defense - 0.1% | |||
Embraer SA sponsored ADR | 498,800 | 8,489,576 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $109,208,231) | 134,572,873 | ||
Equity Funds - 43.6% | |||
Diversified Emerging Markets Funds - 0.0% | |||
Matthews Pacific Tiger Fund Investor Class | 19,976 | 564,916 | |
Europe Stock Funds - 0.8% | |||
WisdomTree Europe Hedged Equity ETF (c) | 1,838,675 | 128,210,808 | |
Foreign Large Blend Funds - 10.7% | |||
Artisan International Value Fund Investor Class | 16,808,496 | 592,331,398 | |
Fidelity SAI International Low Volatility Index Fund (e) | 14,275,719 | 165,170,064 | |
Harbor International Fund Institutional Class | 9,619 | 383,521 | |
Janus Henderson International Opportunities Fund Class T | 883,016 | 22,172,528 | |
Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class I | 28,103,425 | 443,191,019 | |
Oakmark International Fund Investor Class | 22,355,311 | 548,152,230 | |
TOTAL FOREIGN LARGE BLEND FUNDS | 1,771,400,760 | ||
Foreign Large Growth Funds - 20.2% | |||
American Funds EuroPacific Growth Fund Class F2 | 932,309 | 51,034,620 | |
Fidelity Diversified International Fund (e) | 16,492,561 | 650,301,667 | |
Fidelity International Discovery Fund (e) | 23,757,755 | 1,057,220,091 | |
Fidelity Overseas Fund (e) | 10,565,898 | 534,000,466 | |
Invesco Oppenheimer International Growth Fund Class R6 | 1,691,377 | 73,084,389 | |
JOHCM International Select Fund Class II Shares | 20,055,620 | 475,719,299 | |
WCM Focused International Growth Fund Institutional Class | 27,662,211 | 501,792,515 | |
TOTAL FOREIGN LARGE GROWTH FUNDS | 3,343,153,047 | ||
Foreign Large Value Funds - 2.6% | |||
Dodge & Cox International Stock Fund | 67 | 2,899 | |
iShares MSCI EAFE Value ETF (c) | 2,485,485 | 122,385,281 | |
Pear Tree Polaris Foreign Value Fund Institutional Shares | 14,280,589 | 304,319,361 | |
TOTAL FOREIGN LARGE VALUE FUNDS | 426,707,541 | ||
Foreign Small Mid Blend Funds - 0.6% | |||
Franklin International Small Cap Growth Fund | 543,980 | 8,986,555 | |
iShares MSCI EAFE Small-Cap ETF (c) | 568,839 | 34,704,867 | |
Victory Trivalent International Small-Cap Fund Class I | 3,716,847 | 51,478,329 | |
TOTAL FOREIGN SMALL MID BLEND FUNDS | 95,169,751 | ||
Foreign Small Mid Growth Funds - 0.6% | |||
Fidelity International Small Cap Opportunities Fund (e) | 2,860,136 | 57,231,331 | |
Oberweis International Opportunities Fund | 573,914 | 10,956,010 | |
T. Rowe Price International Discovery Fund | 550,704 | 36,368,484 | |
Wasatch International Growth Fund Investor Class | 88 | 2,730 | |
TOTAL FOREIGN SMALL MID GROWTH FUNDS | 104,558,555 | ||
Foreign Small Mid Value Funds - 0.5% | |||
Brandes International Small Cap Equity Fund Class A | 728,625 | 7,701,565 | |
Segall Bryant & Hamill International Small Capital Fund Class A | 2,452,684 | 28,402,082 | |
Transamerica International Small Cap Value Fund | 3,822,519 | 49,425,171 | |
TOTAL FOREIGN SMALL MID VALUE FUNDS | 85,528,818 | ||
Sector Funds - 0.1% | |||
SPDR Dow Jones International Real Estate ETF (c) | 201,575 | 8,183,945 | |
Victory Global Natural Resources Fund Class A (a) | 68 | 507 | |
TOTAL SECTOR FUNDS | 8,184,452 | ||
Other - 7.5% | |||
Fidelity Advisor Japan Fund Class I (e) | 3,376,087 | 54,557,568 | |
Fidelity Japan Smaller Companies Fund (e) | 6,397,352 | 114,768,501 | |
iShares MSCI Australia ETF (c) | 5,784,157 | 132,052,304 | |
iShares MSCI Japan ETF (c) | 15,785,258 | 938,117,883 | |
Matthews Japan Fund Investor Class | 165 | 3,788 | |
TOTAL OTHER | 1,239,500,044 | ||
TOTAL EQUITY FUNDS | |||
(Cost $5,393,006,222) | 7,202,978,692 | ||
U.S. Treasury Obligations - 0.1% | |||
U.S. Treasury Bills, yield at date of purchase 1.55% to 1.94% 12/12/19 to 2/27/20 (f) | |||
(Cost $13,086,792) | 13,120,000 | 13,087,599 | |
Money Market Funds - 4.0% | |||
Fidelity Securities Lending Cash Central Fund 1.61% (g)(h) | 206,784,033 | 206,804,711 | |
State Street Institutional U.S. Government Money Market Fund Premier Class 1.59% (i) | 457,457,475 | 457,457,475 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $664,262,186) | 664,262,186 | ||
TOTAL INVESTMENT IN SECURITIES - 101.0% | |||
(Cost $13,115,800,003) | 16,678,218,463 | ||
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (166,470,876) | ||
NET ASSETS - 100% | $16,511,747,587 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME Nikkei 225 Index Contracts (United States) | 1,086 | Dec. 2019 | $126,681,900 | $12,206,405 | $12,206,405 |
ICE E-mini MSCI EAFE Index Contracts (United States) | 1,694 | Dec. 2019 | 167,477,310 | 4,878,667 | 4,878,667 |
TOTAL FUTURES CONTRACTS | $17,085,072 |
The notional amount of futures purchased as a percentage of Net Assets is 1.8%
Security Type Abbreviations
ETF – Exchange-Traded Fund
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $102,779,071 or 0.6% of net assets.
(c) Security or a portion of the security is on loan at period end.
(d) Level 3 security
(e) Affiliated Fund
(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $13,087,599.
(g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(h) Investment made with cash collateral received from securities on loan.
(i) The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Securities Lending Cash Central Fund | $1,589,985 |
Total | $1,589,985 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
Fidelity Advisor Japan Fund Class I | $48,109,242 | $-- | $-- | $-- | $-- | $6,448,326 | $54,557,568 |
Fidelity Diversified International Fund | 655,929,252 | 20,000,000 | 110,432,152 | -- | 16,393,050 | 68,411,517 | 650,301,667 |
Fidelity International Discovery Fund | 1,037,139,792 | 14,999,999 | 110,432,152 | -- | 14,652,311 | 100,860,141 | 1,057,220,091 |
Fidelity International Small Cap Opportunities Fund | 50,738,821 | -- | -- | -- | -- | 6,492,510 | 57,231,331 |
Fidelity Japan Smaller Companies Fund | 104,404,790 | -- | -- | -- | -- | 10,363,711 | 114,768,501 |
Fidelity Overseas Fund | 480,316,918 | 17,000,000 | 22,086,430 | -- | 443,446 | 58,326,532 | 534,000,466 |
Fidelity SAI International Low Volatility Index Fund | -- | 155,000,000 | -- | -- | -- | 10,170,064 | 165,170,064 |
Total | $2,376,638,815 | $206,999,999 | $242,950,734 | $-- | $31,488,807 | $261,072,801 | $2,633,249,688 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: 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 etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
ETFs are valued at their last sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
If an unaffiliated Underlying Fund's net asset value is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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