Quarterly Holdings Report
for
Strategic Advisers® International Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public
May 31, 2024
SIT-NPRT1-0724
1.912870.113
| Common Stocks - 45.7% | |||
| Shares | Value ($) | ||
| COMMUNICATION SERVICES - 1.4% | |||
| Diversified Telecommunication Services - 0.6% | |||
| BT Group PLC | 5,029,883 | 8,421,212 | |
| Cellnex Telecom SA (a) | 366,780 | 13,398,497 | |
| Deutsche Telekom AG | 2,074,257 | 50,434,136 | |
| Hellenic Telecommunications Organization SA | 216,120 | 3,158,168 | |
| HKT Trust/HKT Ltd. unit | 4,818,720 | 5,615,727 | |
| Internet Initiative Japan, Inc. | 66,500 | 936,408 | |
| KT Corp. | 172,985 | 4,624,553 | |
| Liberty Global Ltd. Class C (b) | 369,100 | 6,300,537 | |
| Nippon Telegraph & Telephone Corp. | 13,203,800 | 12,966,243 | |
| Orange SA | 632,483 | 7,385,300 | |
| Proximus | 292,378 | 2,305,035 | |
| Singapore Telecommunications Ltd. | 1,568,800 | 2,879,384 | |
| Telia Co. AB | 165,103 | 429,592 | |
| United Internet AG | 64,560 | 1,530,312 | |
| 120,385,104 | |||
| Entertainment - 0.2% | |||
| Boat Rocker Media, Inc. (c) | 118,285 | 72,900 | |
| Capcom Co. Ltd. | 356,280 | 6,569,879 | |
| CTS Eventim AG | 39,229 | 3,403,188 | |
| GungHo Online Entertainment, Inc. | 100 | 1,680 | |
| NetEase, Inc. | 64,200 | 1,141,719 | |
| Nexon Co. Ltd. | 100,300 | 1,722,751 | |
| Nintendo Co. Ltd. | 416,200 | 22,633,162 | |
| Sea Ltd. ADR (c) | 56,700 | 3,828,384 | |
| Square Enix Holdings Co. Ltd. | 89,800 | 2,688,889 | |
| Universal Music Group NV | 155,030 | 4,831,308 | |
| Universal Music Group NV rights (c)(d) | 155,030 | 45,418 | |
| 46,939,278 | |||
| Interactive Media & Services - 0.2% | |||
| Auto Trader Group PLC (a) | 117,838 | 1,239,594 | |
| CAR Group Ltd. | 386,561 | 8,973,651 | |
| Hemnet Group AB | 61,078 | 1,684,145 | |
| LY Corp. | 1,686,880 | 4,008,899 | |
| NAVER Corp. | 32,535 | 4,032,972 | |
| Scout24 AG (a) | 4,762 | 358,214 | |
| SEEK Ltd. | 139,389 | 2,081,141 | |
| Tencent Holdings Ltd. | 491,400 | 22,797,812 | |
| 45,176,428 | |||
| Media - 0.2% | |||
| CyberAgent, Inc. | 516,500 | 3,113,396 | |
| Hakuhodo DY Holdings, Inc. | 200,700 | 1,657,771 | |
| Informa PLC | 513,962 | 5,593,975 | |
| JCDecaux SA (c) | 154,915 | 3,673,007 | |
| Publicis Groupe SA | 58,503 | 6,571,343 | |
| WPP PLC | 2,125,609 | 22,248,912 | |
| 42,858,404 | |||
| Wireless Telecommunication Services - 0.2% | |||
| Advanced Info Service PCL (For. Reg.) | 836,500 | 4,609,378 | |
| KDDI Corp. | 348,300 | 9,597,328 | |
| SoftBank Corp. | 232,900 | 2,792,521 | |
| SoftBank Group Corp. | 249,570 | 14,441,992 | |
| Tele2 AB (B Shares) | 47,811 | 467,585 | |
| Vodafone Group PLC | 4,799,365 | 4,640,028 | |
| Vodafone Group PLC sponsored ADR | 819,529 | 7,883,869 | |
| 44,432,701 | |||
TOTAL COMMUNICATION SERVICES | 299,791,915 | ||
| CONSUMER DISCRETIONARY - 4.3% | |||
| Automobile Components - 0.4% | |||
| Aisin Seiki Co. Ltd. | 12,500 | 464,105 | |
| ASTI Corp. | 9,600 | 192,287 | |
| Autoliv, Inc. (depository receipt) | 62,603 | 8,003,159 | |
| Bridgestone Corp. | 145,200 | 6,364,328 | |
| Compagnie Generale des Etablissements Michelin SCA Series B | 174,659 | 7,083,308 | |
| Continental AG | 8,647 | 589,333 | |
| DENSO Corp. | 1,899,660 | 30,870,508 | |
| Dowlais Group PLC | 3,669,183 | 3,259,832 | |
| FCC Co. Ltd. | 12,400 | 176,934 | |
| Fuyao Glass Industries Group Co. Ltd. (A Shares) | 243,400 | 1,554,157 | |
| Jiangsu General Science Technology Co. Ltd. (A Shares) (c) | 122,000 | 100,575 | |
| JTEKT Corp. | 72,300 | 525,774 | |
| Koito Manufacturing Co. Ltd. | 174,400 | 2,460,219 | |
| Magna International, Inc. Class A | 122,611 | 5,543,243 | |
| Musashi Seimitsu Industry Co. Ltd. | 85,100 | 931,276 | |
| Niterra Co. Ltd. | 15,100 | 453,773 | |
| Nokian Tyres PLC | 117,630 | 1,081,134 | |
| Stanley Electric Co. Ltd. | 132,000 | 2,421,937 | |
| Sumitomo Electric Industries Ltd. | 137,200 | 2,226,678 | |
| Tokai Rika Co. Ltd. | 27,400 | 387,135 | |
| Toyoda Gosei Co. Ltd. | 8,100 | 156,834 | |
| TPR Co. Ltd. | 19,100 | 286,867 | |
| Valeo SA | 175,335 | 2,168,603 | |
| 77,301,999 | |||
| Automobiles - 0.8% | |||
| Bayerische Motoren Werke AG (BMW) | 111,706 | 11,394,292 | |
| Ferrari NV | 12,147 | 4,992,417 | |
| Honda Motor Co. Ltd. | 2,096,800 | 23,743,569 | |
| Honda Motor Co. Ltd. sponsored ADR | 2,992 | 101,489 | |
| Isuzu Motors Ltd. | 748,300 | 10,028,670 | |
| Mahindra & Mahindra Ltd. | 123,650 | 3,713,152 | |
| Mazda Motor Corp. | 44,200 | 465,990 | |
| Mercedes-Benz Group AG (Germany) | 169,068 | 12,270,500 | |
| Nissan Motor Co. Ltd. | 199,500 | 713,535 | |
| Renault SA | 117,250 | 6,887,291 | |
| Stellantis NV (b) | 458,572 | 10,212,398 | |
| Stellantis NV | 384,267 | 8,520,984 | |
| Stellantis NV (Italy) | 492,530 | 10,912,516 | |
| Subaru Corp. | 505,010 | 11,289,350 | |
| Suzuki Motor Corp. | 476,900 | 5,685,557 | |
| Toyota Motor Corp. | 1,758,370 | 38,302,034 | |
| Volkswagen AG | 3,796 | 544,298 | |
| Yamaha Motor Co. Ltd. | 402,800 | 3,944,109 | |
| 163,722,151 | |||
| Broadline Retail - 0.3% | |||
| Alibaba Group Holding Ltd. sponsored ADR | 20,308 | 1,590,929 | |
| Dollarama, Inc. | 85,463 | 8,088,871 | |
| MercadoLibre, Inc. (c) | 3,122 | 5,387,261 | |
| Next PLC | 67,610 | 8,097,646 | |
| Pan Pacific International Holdings Ltd. | 458,970 | 11,781,782 | |
| Prosus NV | 443,689 | 16,108,854 | |
| Rakuten Group, Inc. (c) | 1,597,600 | 8,309,312 | |
| Wesfarmers Ltd. | 93,837 | 4,051,371 | |
| 63,416,026 | |||
| Distributors - 0.1% | |||
| Inchcape PLC | 946,654 | 9,659,274 | |
| Diversified Consumer Services - 0.0% | |||
| Global Kids Co. Corp. | 25,000 | 103,329 | |
| Pearson PLC | 491,000 | 5,969,702 | |
| 6,073,031 | |||
| Hotels, Restaurants & Leisure - 0.8% | |||
| Accor SA | 332,889 | 14,522,797 | |
| Amadeus IT Holding SA Class A | 742,911 | 53,030,850 | |
| Aristocrat Leisure Ltd. | 645,783 | 19,305,150 | |
| Compass Group PLC | 1,147,123 | 32,206,849 | |
| Entain PLC | 466,500 | 4,065,132 | |
| Evolution AB (a) | 93,626 | 10,099,534 | |
| Flutter Entertainment PLC (c) | 31,158 | 5,995,868 | |
| Genting Singapore Ltd. | 541,500 | 364,687 | |
| Greggs PLC | 53,914 | 2,027,562 | |
| InterContinental Hotel Group PLC | 25,070 | 2,545,827 | |
| Meituan Class B (a)(c) | 337,900 | 4,604,288 | |
| Sands China Ltd. (c) | 1,186,000 | 2,842,450 | |
| Sodexo SA | 112,500 | 10,478,044 | |
| Trainline PLC (a)(c) | 438,557 | 1,815,255 | |
| Trip.com Group Ltd. (c) | 63,500 | 3,245,425 | |
| Whitbread PLC | 91,891 | 3,484,680 | |
| Yum China Holdings, Inc. | 78,355 | 2,801,975 | |
| 173,436,373 | |||
| Household Durables - 0.5% | |||
| Barratt Developments PLC | 1,139,469 | 7,388,835 | |
| Berkeley Group Holdings PLC | 188,382 | 12,712,108 | |
| Haseko Corp. | 10,500 | 118,691 | |
| Iida Group Holdings Co. Ltd. | 53,800 | 732,773 | |
| Midea Group Co. Ltd. (A Shares) | 113,766 | 1,017,363 | |
| Panasonic Holdings Corp. | 1,561,900 | 13,796,012 | |
| Persimmon PLC | 545,553 | 10,192,158 | |
| Sekisui Chemical Co. Ltd. | 96,700 | 1,385,337 | |
| Sekisui House Ltd. | 228,300 | 5,140,763 | |
| Sony Group Corp. | 626,246 | 51,415,269 | |
| 103,899,309 | |||
| Leisure Products - 0.0% | |||
| Bandai Namco Holdings, Inc. | 89,074 | 1,624,962 | |
| Games Workshop Group PLC | 26,625 | 3,406,238 | |
| GLOBERIDE, Inc. | 62,400 | 824,117 | |
| Yamaha Corp. | 92,300 | 2,100,254 | |
| 7,955,571 | |||
| Specialty Retail - 0.4% | |||
| EDION Corp. | 13,100 | 131,196 | |
| Fast Retailing Co. Ltd. | 23,400 | 6,009,760 | |
| H&M Hennes & Mauritz AB (B Shares) (b) | 565,149 | 9,993,089 | |
| Haruyama Holdings, Inc. | 38,400 | 145,283 | |
| Industria de Diseno Textil SA | 385,716 | 18,341,411 | |
| JD Sports Fashion PLC | 2,185,890 | 3,592,678 | |
| Kingfisher PLC | 7,359,849 | 24,916,099 | |
| Super Retail Group Ltd. | 62,280 | 542,423 | |
| WH Smith PLC | 805,273 | 11,824,989 | |
| Zalando SE (a)(c) | 477,446 | 12,680,619 | |
| ZOZO, Inc. | 118,700 | 2,768,791 | |
| 90,946,338 | |||
| Textiles, Apparel & Luxury Goods - 1.0% | |||
| adidas AG | 88,853 | 22,503,846 | |
| Brunello Cucinelli SpA | 24,613 | 2,486,055 | |
| Burberry Group PLC | 354,290 | 4,699,360 | |
| Compagnie Financiere Richemont SA Series A | 302,132 | 48,618,135 | |
| Hermes International SCA | 10,251 | 24,331,988 | |
| Kering SA | 101,535 | 35,102,207 | |
| LVMH Moet Hennessy Louis Vuitton SE | 73,472 | 58,758,798 | |
| Moncler SpA | 134,307 | 8,962,240 | |
| NIKE, Inc. Class B | 24,695 | 2,347,260 | |
| Pandora A/S | 8,309 | 1,364,839 | |
| Puma AG | 8,771 | 455,495 | |
| Samsonite International SA (a) | 974,400 | 3,096,924 | |
| Swatch Group AG (Bearer) | 2,258 | 483,683 | |
| Swatch Group AG (Bearer) (Reg.) | 24,731 | 1,029,705 | |
| Titan Co. Ltd. | 26,036 | 1,011,342 | |
| Yue Yuen Industrial (Holdings) Ltd. | 568,000 | 1,050,163 | |
| 216,302,040 | |||
TOTAL CONSUMER DISCRETIONARY | 912,712,112 | ||
| CONSUMER STAPLES - 3.6% | |||
| Beverages - 1.0% | |||
| Anheuser-Busch InBev SA NV | 689,563 | 43,505,646 | |
| Carlsberg A/S Series B | 69,810 | 9,471,103 | |
| Coca-Cola HBC AG | 62,563 | 2,123,094 | |
| Davide Campari Milano NV | 375,810 | 3,764,766 | |
| Diageo PLC | 2,277,751 | 76,685,919 | |
| Heineken Holding NV | 128,796 | 10,570,677 | |
| Heineken NV (Bearer) | 231,192 | 23,197,380 | |
| Kirin Holdings Co. Ltd. | 587,200 | 8,109,198 | |
| Kweichow Moutai Co. Ltd. (A Shares) | 17,300 | 3,938,024 | |
| Pernod Ricard SA | 143,483 | 21,487,010 | |
| Suntory Beverage & Food Ltd. | 64,900 | 2,373,318 | |
| Varun Beverages Ltd. | 58,535 | 1,000,698 | |
| 206,226,833 | |||
| Consumer Staples Distribution & Retail - 0.5% | |||
| Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 229,843 | 13,415,027 | |
| Bid Corp. Ltd. | 101,116 | 2,238,386 | |
| Carrefour SA | 655,800 | 10,694,477 | |
| Clicks Group Ltd. | 57,276 | 901,781 | |
| MatsukiyoCocokara & Co. | 107,200 | 1,511,904 | |
| Ocado Group PLC (c) | 398,531 | 1,922,042 | |
| Raia Drogasil SA | 318,384 | 1,520,099 | |
| Seven & i Holdings Co. Ltd. | 3,279,900 | 42,332,856 | |
| Sonae SGPS SA | 825,305 | 851,934 | |
| Sundrug Co. Ltd. | 47,200 | 1,199,321 | |
| Tesco PLC | 4,942,191 | 19,659,536 | |
| Wal-Mart de Mexico SA de CV Series V | 1,144,700 | 4,303,799 | |
| Welcia Holdings Co. Ltd. | 85,100 | 1,172,347 | |
| 101,723,509 | |||
| Food Products - 0.8% | |||
| Ajinomoto Co., Inc. | 195,460 | 6,988,210 | |
| Barry Callebaut AG | 2,644 | 4,595,780 | |
| Britannia Industries Ltd. | 21,699 | 1,346,719 | |
| Chocoladefabriken Lindt & Spruengli AG | 255 | 2,967,838 | |
| Danone SA | 489,648 | 31,577,356 | |
| Ezaki Glico Co. Ltd. | 145,100 | 3,745,945 | |
| Itoham Yonekyu Holdings, Inc. | 29,800 | 785,432 | |
| Megmilk Snow Brand Co. Ltd. | 126,700 | 2,047,148 | |
| Meiji Holdings Co. Ltd. | 18,400 | 412,109 | |
| Nestle India Ltd. | 34,530 | 974,301 | |
| Nestle SA (Reg. S) | 783,573 | 83,173,261 | |
| Nissin Food Holdings Co. Ltd. | 166,650 | 4,194,199 | |
| Tate & Lyle PLC | 661,441 | 5,884,012 | |
| Toyo Suisan Kaisha Ltd. | 221,800 | 15,951,153 | |
| WH Group Ltd. (a) | 649,500 | 442,606 | |
| Wilmar International Ltd. | 2,381,500 | 5,446,148 | |
| 170,532,217 | |||
| Household Products - 0.3% | |||
| Essity AB (B Shares) | 489,900 | 12,586,694 | |
| Henkel AG & Co. KGaA | 19,212 | 1,539,459 | |
| Lion Corp. | 297,400 | 2,386,537 | |
| Reckitt Benckiser Group PLC | 849,566 | 48,623,519 | |
| 65,136,209 | |||
| Personal Care Products - 0.9% | |||
| Beiersdorf AG | 147,917 | 23,190,002 | |
| Haleon PLC | 8,966,145 | 37,257,883 | |
| Kao Corp. | 302,750 | 13,260,652 | |
| Kose Corp. | 22,700 | 1,498,274 | |
| L'Oreal SA | 74,764 | 36,903,553 | |
| Puig Brands SA Class B | 107,459 | 3,046,716 | |
| Rohto Pharmaceutical Co. Ltd. | 547,000 | 9,603,326 | |
| Unilever PLC | 1,204,876 | 65,982,718 | |
| 190,743,124 | |||
| Tobacco - 0.1% | |||
| British American Tobacco PLC (United Kingdom) | 933,122 | 28,856,643 | |
| Imperial Brands PLC sponsored ADR (b) | 39,489 | 983,671 | |
| Japan Tobacco, Inc. | 124,700 | 3,538,079 | |
| 33,378,393 | |||
TOTAL CONSUMER STAPLES | 767,740,285 | ||
| ENERGY - 2.8% | |||
| Energy Equipment & Services - 0.0% | |||
| Tenaris SA | 171,600 | 2,835,238 | |
| Vallourec SA (c) | 272,580 | 4,882,023 | |
| 7,717,261 | |||
| Oil, Gas & Consumable Fuels - 2.8% | |||
| Aker BP ASA | 1,167,555 | 30,143,169 | |
| Ampol Ltd. | 19,722 | 455,597 | |
| BP PLC | 10,404,662 | 65,086,217 | |
| BP PLC sponsored ADR | 811,023 | 30,470,134 | |
| ENEOS Holdings, Inc. | 1,792,830 | 9,269,362 | |
| Eni SpA | 2,226,521 | 35,166,546 | |
| Eni SpA sponsored ADR (b) | 6,480 | 204,314 | |
| Equinor ASA | 928,366 | 26,948,362 | |
| Equinor ASA sponsored ADR (b) | 44,438 | 1,294,923 | |
| Galp Energia SGPS SA Class B (b) | 915,197 | 19,245,796 | |
| Gazprom OAO (c)(e) | 3,670,010 | 395,173 | |
| Gazprom OAO sponsored ADR (Reg. S) (c)(e) | 33,845 | 16,787 | |
| Idemitsu Kosan Co. Ltd. | 80,500 | 551,230 | |
| INPEX Corp. | 858,410 | 13,245,060 | |
| Japan Petroleum Exploration Co. Ltd. | 18,600 | 779,411 | |
| LUKOIL PJSC (c)(e) | 35,755 | 11,388 | |
| OMV AG | 123,777 | 6,255,506 | |
| Paladin Energy Ltd. (Australia) (c) | 798,130 | 8,459,400 | |
| Parkland Corp. | 63,476 | 1,831,697 | |
| Petroleo Brasileiro SA - Petrobras: | |||
| (ON) | 232,900 | 1,805,220 | |
| (PN) sponsored ADR ADR (non-vtg.) | 549,248 | 8,134,363 | |
| sponsored ADR | 523,769 | 8,144,608 | |
| Reliance Industries Ltd. | 406,661 | 13,939,405 | |
| Repsol SA | 539,539 | 8,807,817 | |
| Rosneft Oil Co. OJSC (c)(e) | 420,640 | 72,388 | |
| San-Ai Obbli Co. Ltd. | 55,400 | 731,668 | |
| Santos Ltd. | 3,369,540 | 17,120,999 | |
| Shell PLC: | |||
| ADR | 160,902 | 11,710,448 | |
| (Amsterdam) | 1,312,982 | 47,728,480 | |
| (London) | 2,140,707 | 77,268,314 | |
| rights (c)(d) | 1,312,982 | 451,666 | |
| rights (c)(d) | 2,128,869 | 732,331 | |
| TotalEnergies SE | 1,879,150 | 137,674,975 | |
| Whitehaven Coal Ltd. | 683,300 | 3,664,347 | |
| Woodside Energy Group Ltd. | 1,334,139 | 24,686,279 | |
| 612,503,380 | |||
TOTAL ENERGY | 620,220,641 | ||
| FINANCIALS - 9.5% | |||
| Banks - 4.8% | |||
| ABN AMRO Bank NV GDR (Bearer) (a) | 40,746 | 697,002 | |
| Agricultural Bank of China Ltd. (H Shares) | 4,713,000 | 1,975,834 | |
| AIB Group PLC | 8,039,387 | 45,749,648 | |
| AIB Group PLC | 9,418 | 54,001 | |
| ANZ Group Holdings Ltd. | 718,563 | 13,506,209 | |
| Banca Monte dei Paschi di Siena SpA | 256,244 | 1,384,258 | |
| Banco Bilbao Vizcaya Argentaria SA | 486,820 | 5,282,661 | |
| Banco Bilbao Vizcaya Argentaria SA sponsored ADR | 52,074 | 568,127 | |
| Banco BPM SpA | 100,855 | 727,667 | |
| Banco Comercial Portugues SA (Reg.) | 726,365 | 295,154 | |
| Banco de Sabadell SA | 4,224,823 | 8,924,062 | |
| Banco Santander SA | 3,709 | 19,479 | |
| Banco Santander SA (Spain) | 4,459,430 | 23,517,926 | |
| Banco Santander SA (Spain) sponsored ADR | 146,996 | 770,259 | |
| Bank Hapoalim BM (Reg.) | 105,676 | 969,832 | |
| Bank Leumi le-Israel BM | 126,675 | 1,049,713 | |
| Bank of China Ltd. (H Shares) | 9,426,000 | 4,468,330 | |
| Bank of Ireland Group PLC | 3,436,362 | 39,494,334 | |
| Bankinter SA | 577,876 | 5,104,516 | |
| Barclays PLC | 19,027,280 | 53,738,859 | |
| Barclays PLC sponsored ADR (b) | 938,827 | 10,655,686 | |
| BAWAG Group AG (a) | 82,929 | 5,485,926 | |
| BNP Paribas SA | 886,443 | 65,434,307 | |
| BOC Hong Kong (Holdings) Ltd. | 1,773,880 | 5,576,007 | |
| CaixaBank SA | 6,964,616 | 39,886,870 | |
| Chiba Bank Ltd. | 1,481,490 | 14,159,267 | |
| China Construction Bank Corp. (H Shares) | 2,878,000 | 2,042,586 | |
| China Merchants Bank Co. Ltd.: | |||
| (A Shares) | 340,500 | 1,611,812 | |
| (H Shares) | 293,000 | 1,312,834 | |
| Commerzbank AG | 314,284 | 5,336,352 | |
| Concordia Financial Group Ltd. | 37,400 | 225,829 | |
| Credicorp Ltd. (United States) | 8,511 | 1,407,039 | |
| DBS Group Holdings Ltd. | 1,301,740 | 34,672,604 | |
| DNB Bank ASA | 1,280,828 | 25,080,697 | |
| Erste Group Bank AG | 3,409 | 167,268 | |
| Erste Group Bank AG | 54,448 | 2,675,587 | |
| FinecoBank SpA | 353,702 | 5,736,537 | |
| First International Bank of Israel | 2,775 | 112,805 | |
| HDFC Bank Ltd. | 1,070,152 | 19,660,225 | |
| HSBC Holdings PLC: | |||
| (United Kingdom) | 3,801,971 | 33,886,502 | |
| sponsored ADR (b) | 31,631 | 1,412,324 | |
| Huaxia Bank Co. Ltd. (A Shares) | 794,700 | 756,099 | |
| Industrial & Commercial Bank of China Ltd. (H Shares) | 6,707,000 | 3,799,769 | |
| ING Groep NV: | |||
| (Certificaten Van Aandelen) | 3,797,786 | 67,848,844 | |
| sponsored ADR (b) | 271,643 | 4,859,693 | |
| Intesa Sanpaolo SpA | 6,568,028 | 25,873,022 | |
| Israel Discount Bank Ltd. (Class A) | 104,164 | 533,929 | |
| Japan Post Bank Co. Ltd. | 119,900 | 1,184,019 | |
| Jiangsu Suzhou Rural Commercial Bank Co. Ltd. | 229,200 | 165,845 | |
| Jyske Bank A/S (Reg.) | 45,054 | 3,717,452 | |
| KBC Group NV | 330,256 | 24,118,836 | |
| Kyoto Financial Group, Inc. | 217,930 | 3,904,351 | |
| Lloyds Banking Group PLC | 37,291,731 | 26,621,138 | |
| Mebuki Financial Group, Inc. | 1,286,800 | 5,153,255 | |
| Mediobanca SpA | 39,868 | 631,016 | |
| Mitsubishi UFJ Financial Group, Inc. | 2,478,443 | 26,325,224 | |
| Mizrahi Tefahot Bank Ltd. | 12,978 | 472,564 | |
| Mizuho Financial Group, Inc. | 738,340 | 15,124,409 | |
| National Bank of Canada | 130,389 | 11,144,220 | |
| National Bank of Greece SA (c) | 301,049 | 2,615,827 | |
| NatWest Group PLC | 13,728,181 | 55,534,558 | |
| Nordea Bank Abp | 264,074 | 3,247,426 | |
| Nordea Bank Abp | 16,433 | 201,277 | |
| Nordea Bank Abp (Helsinki Stock Exchange) | 760,550 | 9,349,637 | |
| North Pacific Bank Ltd. | 210,200 | 777,900 | |
| Ping An Bank Co. Ltd. (A Shares) | 787,600 | 1,208,304 | |
| PT Bank Central Asia Tbk | 13,456,600 | 7,659,911 | |
| Rakuten Bank Ltd. (c) | 141,800 | 2,585,067 | |
| Resona Holdings, Inc. | 3,368,500 | 23,382,094 | |
| Sberbank of Russia (c)(e) | 1,813,540 | 11,474 | |
| Shanghai Rural Commercial Bank Co. Ltd. (A Shares) | 2,861,384 | 3,121,474 | |
| Skandinaviska Enskilda Banken AB (A Shares) | 767,568 | 10,935,378 | |
| Societe Generale Series A | 584,913 | 17,519,810 | |
| Standard Chartered PLC: | |||
| (Hong Kong) | 12,100 | 119,675 | |
| (United Kingdom) | 2,640,110 | 26,297,058 | |
| Sumitomo Mitsui Financial Group, Inc. | 653,640 | 42,780,161 | |
| Sumitomo Mitsui Trust Holdings, Inc. | 402,060 | 9,347,718 | |
| Svenska Handelsbanken AB (A Shares) | 856,101 | 8,056,441 | |
| Swedbank AB (A Shares) | 70,388 | 1,465,572 | |
| Sydbank A/S | 70,087 | 3,735,245 | |
| The Hachijuni Bank Ltd. | 152,500 | 1,053,580 | |
| UniCredit SpA | 1,524,971 | 60,713,123 | |
| United Overseas Bank Ltd. | 1,518,877 | 34,633,531 | |
| 1,033,422,861 | |||
| Capital Markets - 1.6% | |||
| 3i Group PLC | 426,012 | 15,697,246 | |
| Allfunds Group PLC | 193,379 | 1,162,366 | |
| Amundi SA (a) | 169,850 | 13,106,280 | |
| Azimut Holding SpA | 131,942 | 3,514,494 | |
| Banca Generali SpA | 73,686 | 3,094,850 | |
| Bridgepoint Group PLC (a) | 828,805 | 2,412,992 | |
| Brookfield Corp. (Canada) Class A (b) | 161,958 | 7,052,502 | |
| CVC Capital Partners PLC (a) | 373,676 | 7,261,373 | |
| Daiwa Securities Group, Inc. | 389,600 | 3,062,243 | |
| Deutsche Bank AG | 122,527 | 2,038,908 | |
| Deutsche Bank AG (NY Shares) | 347,649 | 5,798,785 | |
| Deutsche Borse AG | 157,321 | 31,350,428 | |
| Euronext NV (a) | 284,430 | 28,006,765 | |
| Georgia Capital PLC (c) | 75,897 | 922,653 | |
| Hong Kong Exchanges and Clearing Ltd. | 495,590 | 16,763,899 | |
| Intermediate Capital Group PLC | 212,079 | 6,318,781 | |
| Japan Exchange Group, Inc. | 232,200 | 5,457,855 | |
| Julius Baer Group Ltd. | 648,978 | 38,984,998 | |
| London Stock Exchange Group PLC | 254,992 | 29,889,286 | |
| Macquarie Group Ltd. | 270,084 | 34,313,789 | |
| Nomura Holdings, Inc. | 570,400 | 3,464,168 | |
| Nomura Holdings, Inc. sponsored ADR (b) | 32,822 | 199,558 | |
| Partners Group Holding AG | 3,666 | 4,933,806 | |
| Quilter PLC (a) | 401,539 | 605,750 | |
| SBI Holdings, Inc. Japan | 534,300 | 13,800,443 | |
| Singapore Exchange Ltd. | 73,200 | 517,904 | |
| UBS Group AG | 1,870,251 | 59,499,507 | |
| UBS Group AG (b) | 216,098 | 6,889,204 | |
| 346,120,833 | |||
| Financial Services - 0.4% | |||
| Adyen BV (a)(c) | 7,379 | 9,568,974 | |
| Challenger Ltd. | 465,869 | 2,008,579 | |
| Edenred SA | 25,558 | 1,192,575 | |
| Eurazeo SA | 3,241 | 273,575 | |
| EXOR NV | 93,317 | 10,479,568 | |
| Groupe Bruxelles Lambert SA | 73,300 | 5,621,150 | |
| Industrivarden AB: | |||
| (A Shares) | 11,339 | 403,661 | |
| (C Shares) | 51,499 | 1,808,997 | |
| Investor AB (B Shares) | 467,515 | 12,686,187 | |
| L E Lundbergforetagen AB (B Shares) | 6,190 | 314,929 | |
| Mitsubishi HC Capital, Inc. | 481,500 | 3,185,710 | |
| Nexi SpA (a)(c) | 49,129 | 327,031 | |
| ORIX Corp. | 1,248,700 | 27,231,707 | |
| Paragon Banking Group PLC | 170,220 | 1,662,590 | |
| Visa, Inc. Class A | 39,531 | 10,770,616 | |
| Wise PLC (c) | 207,452 | 2,179,916 | |
| Worldline SA (a)(c) | 338,498 | 4,524,669 | |
| 94,240,434 | |||
| Insurance - 2.7% | |||
| AEGON NV | 120,977 | 784,689 | |
| Ageas | 13,658 | 681,367 | |
| AIA Group Ltd. | 5,219,640 | 40,541,998 | |
| Allianz SE | 232,007 | 67,917,259 | |
| Aon PLC | 39,680 | 11,175,475 | |
| ASR Nederland NV | 101,519 | 4,913,362 | |
| Assicurazioni Generali SpA | 1,357,048 | 34,928,514 | |
| Aviva PLC | 1,515,005 | 9,305,313 | |
| AXA SA | 1,486,484 | 53,671,696 | |
| Baloise Holdings AG | 3,709 | 640,821 | |
| Beazley PLC | 1,699,541 | 15,027,630 | |
| Dai-ichi Mutual Life Insurance Co. | 361,900 | 9,737,271 | |
| Definity Financial Corp. | 94,662 | 3,002,486 | |
| Hannover Reuck SE | 19,418 | 4,827,488 | |
| Helvetia Holding AG (Reg.) | 2,872 | 386,205 | |
| Hiscox Ltd. | 710,179 | 10,407,847 | |
| Intact Financial Corp. | 34,754 | 5,814,815 | |
| Japan Post Holdings Co. Ltd. | 1,085,500 | 10,482,114 | |
| Japan Post Insurance Co. Ltd. | 173,900 | 3,340,552 | |
| Legal & General Group PLC | 7,627,190 | 24,461,532 | |
| Mandatum Holding OY | 191,132 | 858,935 | |
| MAPFRE SA (Reg.) (b) | 1,272,068 | 3,063,121 | |
| MS&AD Insurance Group Holdings, Inc. | 722,000 | 15,017,540 | |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 64,895 | 32,363,021 | |
| NN Group NV | 56,018 | 2,613,752 | |
| NN Group NV rights (b)(c)(d) | 56,018 | 126,427 | |
| Poste Italiane SpA (a) | 555,052 | 7,624,761 | |
| Prudential PLC | 3,621,881 | 34,692,797 | |
| QBE Insurance Group Ltd. | 611,857 | 7,246,363 | |
| Sampo Oyj (A Shares) | 196,536 | 8,412,666 | |
| Sompo Holdings, Inc. | 294,000 | 6,222,436 | |
| Steadfast Group Ltd. | 1,723,191 | 6,328,819 | |
| Storebrand ASA (A Shares) | 672,514 | 7,288,320 | |
| Sun Life Financial, Inc. (b) | 159,057 | 7,971,814 | |
| Swiss Life Holding AG | 2,443 | 1,707,963 | |
| Swiss Re Ltd. | 61,391 | 7,829,080 | |
| T&D Holdings, Inc. | 209,100 | 3,780,184 | |
| Talanx AG | 52,539 | 4,190,859 | |
| Tokio Marine Holdings, Inc. | 1,067,900 | 36,997,725 | |
| UNIQA Insurance Group AG | 110,504 | 987,558 | |
| Willis Towers Watson PLC | 50,877 | 12,988,389 | |
| Zurich Insurance Group Ltd. | 95,052 | 50,026,506 | |
| Zurich Insurance Group Ltd. ADR (b) | 4,889 | 257,014 | |
| 570,644,484 | |||
TOTAL FINANCIALS | 2,044,428,612 | ||
| HEALTH CARE - 5.1% | |||
| Biotechnology - 0.2% | |||
| Argenx SE (c) | 36,684 | 13,567,493 | |
| Argenx SE ADR (c) | 10,818 | 4,013,694 | |
| CSL Ltd. | 61,042 | 11,376,064 | |
| Genmab A/S (c) | 18,413 | 5,197,235 | |
| 34,154,486 | |||
| Health Care Equipment & Supplies - 0.8% | |||
| Alcon, Inc. (Switzerland) | 176,881 | 15,888,372 | |
| ConvaTec Group PLC (a) | 3,477,992 | 11,088,240 | |
| DiaSorin SpA | 16,167 | 1,744,729 | |
| Elekta AB (B Shares) | 470,260 | 3,867,842 | |
| EssilorLuxottica SA | 126,399 | 28,345,478 | |
| EssilorLuxottica SA rights (c)(d) | 136,566 | 585,315 | |
| Hoya Corp. | 73,930 | 8,999,728 | |
| Koninklijke Philips Electronics NV (b) | 1,351,685 | 36,921,104 | |
| Olympus Corp. | 1,567,800 | 24,743,519 | |
| Siemens Healthineers AG (a) | 228,257 | 13,319,769 | |
| Smith & Nephew PLC | 1,027,180 | 12,997,453 | |
| Straumann Holding AG | 12,890 | 1,687,449 | |
| Terumo Corp. | 864,490 | 14,725,704 | |
| 174,914,702 | |||
| Health Care Providers & Services - 0.1% | |||
| Apollo Hospitals Enterprise Ltd. | 13,945 | 975,655 | |
| Fresenius Medical Care AG & Co. KGaA | 4,963 | 211,694 | |
| Fresenius SE & Co. KGaA | 577,122 | 18,413,837 | |
| Galenica AG (a) | 20,585 | 1,706,613 | |
| Max Healthcare Institute Ltd. | 107,241 | 966,023 | |
| Medipal Holdings Corp. | 14,500 | 213,169 | |
| Sonic Healthcare Ltd. | 498,700 | 8,117,383 | |
| Suzuken Co. Ltd. | 104,600 | 3,156,657 | |
| 33,761,031 | |||
| Health Care Technology - 0.0% | |||
| M3, Inc. | 576,700 | 5,592,242 | |
| Pro Medicus Ltd. | 32,677 | 2,611,606 | |
| 8,203,848 | |||
| Life Sciences Tools & Services - 0.3% | |||
| Agilent Technologies, Inc. | 102,319 | 13,343,421 | |
| Bruker Corp. (b) | 130,618 | 8,556,785 | |
| Eurofins Scientific SA | 125,300 | 7,563,469 | |
| Evotec OAI AG (b)(c) | 135,982 | 1,290,771 | |
| ICON PLC (b)(c) | 22,592 | 7,338,333 | |
| Lonza Group AG | 9,112 | 4,946,456 | |
| QIAGEN NV (Germany) | 284,835 | 12,194,986 | |
| Siegfried Holding AG | 1,676 | 1,677,674 | |
| Stevanato Group SpA (b) | 41,610 | 845,515 | |
| Tecan Group AG | 11,558 | 4,114,109 | |
| 61,871,519 | |||
| Pharmaceuticals - 3.7% | |||
| Astellas Pharma, Inc. | 1,529,400 | 15,015,014 | |
| AstraZeneca PLC: | |||
| (United Kingdom) | 534,696 | 83,117,976 | |
| sponsored ADR | 265,368 | 20,704,011 | |
| Bayer AG | 280,179 | 8,619,763 | |
| Chugai Pharmaceutical Co. Ltd. | 308,600 | 9,389,388 | |
| Daiichi Sankyo Kabushiki Kaisha | 592,130 | 20,901,648 | |
| Eisai Co. Ltd. | 119,100 | 5,112,904 | |
| Galderma Group AG | 180,548 | 14,733,635 | |
| GSK PLC | 2,670,395 | 59,918,373 | |
| GSK PLC sponsored ADR | 91,358 | 4,090,098 | |
| Kyowa Kirin Co., Ltd. | 184,500 | 3,119,598 | |
| Merck KGaA | 119,771 | 21,768,400 | |
| Novartis AG | 796,963 | 82,484,042 | |
| Novo Nordisk A/S Series B | 1,348,800 | 182,746,372 | |
| Ono Pharmaceutical Co. Ltd. | 30,000 | 434,426 | |
| Otsuka Holdings Co. Ltd. | 257,600 | 10,635,135 | |
| Roche Holding AG (participation certificate) | 509,506 | 130,085,499 | |
| Sanofi SA | 673,464 | 65,933,471 | |
| Santen Pharmaceutical Co. Ltd. | 279,400 | 2,892,336 | |
| Shionogi & Co. Ltd. | 60,100 | 2,707,693 | |
| Takeda Pharmaceutical Co. Ltd. | 734,200 | 19,548,068 | |
| UCB SA | 165,050 | 23,151,690 | |
| 787,109,540 | |||
TOTAL HEALTH CARE | 1,100,015,126 | ||
| INDUSTRIALS - 8.2% | |||
| Aerospace & Defense - 1.0% | |||
| Airbus Group NV | 90,162 | 15,336,721 | |
| BAE Systems PLC | 555,388 | 9,889,246 | |
| BAE Systems PLC sponsored ADR (b) | 19,117 | 1,375,277 | |
| Dassault Aviation SA | 51,396 | 11,154,679 | |
| Kongsberg Gruppen ASA | 19,679 | 1,691,954 | |
| Leonardo SpA | 100,033 | 2,573,043 | |
| Melrose Industries PLC | 1,071,636 | 8,479,988 | |
| MTU Aero Engines AG | 64,682 | 16,157,443 | |
| Rheinmetall AG | 32,910 | 18,969,980 | |
| Rolls-Royce Holdings PLC (c) | 13,994,294 | 81,738,840 | |
| Saab AB (B Shares) | 164,324 | 3,988,594 | |
| Safran SA | 127,051 | 29,756,040 | |
| Singapore Technologies Engineering Ltd. | 124,500 | 385,147 | |
| Thales SA | 77,940 | 14,154,786 | |
| 215,651,738 | |||
| Air Freight & Logistics - 0.2% | |||
| CMST Development Co. Ltd. (A Shares) | 414,900 | 299,641 | |
| DHL Group | 578,045 | 24,335,912 | |
| DSV A/S | 35,043 | 5,395,548 | |
| Nippon Express Holdings, Inc. | 6,700 | 330,198 | |
| 30,361,299 | |||
| Building Products - 0.4% | |||
| AGC, Inc. | 104,800 | 3,656,903 | |
| ASSA ABLOY AB (B Shares) (b) | 348,629 | 10,245,180 | |
| Belimo Holding AG (Reg.) | 3,106 | 1,447,351 | |
| Compagnie de St.-Gobain | 494,896 | 43,695,056 | |
| Daikin Industries Ltd. | 119,228 | 17,422,867 | |
| Kingspan Group PLC (Ireland) | 114,433 | 11,024,252 | |
| LIXIL Group Corp. | 46,000 | 504,562 | |
| Nibe Industrier AB (B Shares) (b) | 221,005 | 1,133,089 | |
| Noritz Corp. | 13,300 | 150,367 | |
| Rockwool International A/S Series B | 716 | 301,250 | |
| Sekisui Jushi Corp. | 55,100 | 844,728 | |
| Toto Ltd. | 15,000 | 376,368 | |
| Xinyi Glass Holdings Ltd. | 1,271,000 | 1,574,933 | |
| 92,376,906 | |||
| Commercial Services & Supplies - 0.1% | |||
| Boyd Group Services, Inc. | 5,906 | 988,674 | |
| Brambles Ltd. | 114,321 | 1,083,144 | |
| Element Fleet Management Corp. | 581,037 | 10,325,189 | |
| Japan Elevator Service Holdings Co. Ltd. | 61,200 | 1,107,138 | |
| Pluxee France SA | 96,800 | 3,018,708 | |
| RB Global, Inc. | 80,401 | 5,843,545 | |
| Secom Co. Ltd. | 37,400 | 2,327,213 | |
| Toppan Holdings, Inc. | 10,400 | 269,388 | |
| 24,962,999 | |||
| Construction & Engineering - 0.2% | |||
| ACS Actividades de Construccion y Servicios SA | 18,105 | 810,610 | |
| China State Construction Engineering Corp. Ltd. (A Shares) | 1,368,980 | 1,064,295 | |
| Ferrovial SE | 73,350 | 2,898,846 | |
| Ferrovial SE rights (b)(c)(d) | 73,350 | 24,139 | |
| INFRONEER Holdings, Inc. | 36,400 | 315,359 | |
| Kajima Corp. | 118,600 | 2,015,124 | |
| Kinden Corp. | 38,800 | 826,010 | |
| Obayashi Corp. | 49,400 | 575,089 | |
| Okumura Corp. | 7,400 | 229,390 | |
| Sanki Engineering Co. Ltd. | 48,300 | 675,675 | |
| SHIMIZU Corp. | 49,200 | 272,249 | |
| Taisei Corp. | 149,600 | 5,680,073 | |
| VINCI SA | 246,524 | 30,764,269 | |
| WorleyParsons Ltd. | 542,055 | 5,283,615 | |
| 51,434,743 | |||
| Electrical Equipment - 1.4% | |||
| ABB Ltd.: | |||
| (Reg.) | 418,030 | 23,048,269 | |
| (Sweden) | 29,739 | 1,637,627 | |
| sponsored ADR | 14,074 | 773,648 | |
| Eurogroup Laminations SpA (b) | 114,517 | 531,683 | |
| Fuji Electric Co. Ltd. | 132,290 | 7,891,990 | |
| Furukawa Electric Co. Ltd. | 310,700 | 8,379,483 | |
| Guodian Nanjing Automation Co. Ltd. (A Shares) (c) | 196,360 | 200,651 | |
| Havells India Ltd. | 97,895 | 2,237,194 | |
| Henan Pinggao Electric Co. Ltd. (A Shares) (c) | 1,315,000 | 2,574,889 | |
| Hirakawa Hewtech Corp. | 95,500 | 838,012 | |
| Legrand SA | 542,630 | 58,920,357 | |
| Mitsubishi Electric Corp. | 3,845,090 | 66,817,437 | |
| Prysmian SpA | 468,963 | 30,843,587 | |
| Schneider Electric SA | 324,154 | 80,870,066 | |
| SWCC Showa Holdings Co. Ltd. | 22,600 | 691,228 | |
| Vestas Wind Systems A/S (c) | 277,270 | 7,779,746 | |
| Warom Technology, Inc. Co. | 234,500 | 718,873 | |
| Weg SA | 277,200 | 1,982,300 | |
| 296,737,040 | |||
| Ground Transportation - 0.2% | |||
| Aurizon Holdings Ltd. | 167,890 | 411,077 | |
| Ayvens SA (a) | 166,001 | 1,247,090 | |
| Canadian National Railway Co. | 37,686 | 4,797,330 | |
| Canadian Pacific Kansas City Ltd. | 82,547 | 6,550,930 | |
| Canadian Pacific Kansas City Ltd. | 238,324 | 18,970,447 | |
| Central Japan Railway Co. | 210,300 | 4,690,587 | |
| Grab Holdings Ltd. (c) | 1,105,734 | 4,058,044 | |
| Hankyu Hanshin Holdings, Inc. | 16,000 | 419,470 | |
| Rumo SA | 281,700 | 1,057,401 | |
| TFI International, Inc. (Canada) | 38,167 | 5,050,102 | |
| Tobu Railway Co. Ltd. | 14,700 | 259,799 | |
| 47,512,277 | |||
| Industrial Conglomerates - 1.0% | |||
| CK Hutchison Holdings Ltd. | 2,655,400 | 12,966,544 | |
| DCC PLC (United Kingdom) | 249,065 | 18,188,977 | |
| Hitachi Ltd. | 742,160 | 76,433,343 | |
| Jardine Cycle & Carriage Ltd. | 7,700 | 146,683 | |
| Jardine Matheson Holdings Ltd. | 12,100 | 445,280 | |
| Jardine Matheson Holdings Ltd. ADR | 999 | 36,893 | |
| Lifco AB (B Shares) | 96,397 | 2,561,800 | |
| Siemens AG | 480,172 | 92,548,953 | |
| 203,328,473 | |||
| Machinery - 1.6% | |||
| Airtac International Group | 43,158 | 1,362,039 | |
| Alfa Laval AB | 23,660 | 1,099,566 | |
| Alstom SA (b) | 1,881,128 | 37,027,680 | |
| Alstom SA rights 6/6/24 (b)(c) | 1,881,128 | 2,037,036 | |
| Amada Co. Ltd. | 51,000 | 575,754 | |
| Atlas Copco AB: | |||
| (A Shares) | 570,363 | 10,987,630 | |
| (B Shares) | 129,158 | 2,144,360 | |
| AutoStore Holdings Ltd. (a)(c) | 203,290 | 288,596 | |
| CNH Industrial NV | 877,200 | 9,263,232 | |
| Daifuku Co. Ltd. | 155,900 | 2,719,687 | |
| Daimler Truck Holding AG | 137,225 | 5,871,339 | |
| Epiroc AB (A Shares) | 348,756 | 7,320,418 | |
| FANUC Corp. | 1,281,300 | 35,866,265 | |
| Furukawa Co. Ltd. | 2,900 | 36,549 | |
| GEA Group AG | 408,702 | 17,109,763 | |
| Harmonic Drive Systems, Inc. | 46,000 | 1,218,262 | |
| Hitachi Construction Machinery Co. Ltd. | 8,400 | 228,888 | |
| Hoshizaki Corp. | 5,900 | 211,217 | |
| Husqvarna AB (B Shares) | 266,700 | 2,220,813 | |
| IMI PLC | 844,825 | 20,192,540 | |
| Indutrade AB | 251,379 | 6,521,413 | |
| Kawasaki Heavy Industries Ltd. | 108,860 | 4,155,655 | |
| KION Group AG | 85,391 | 4,039,718 | |
| Kitz Corp. | 20,700 | 147,683 | |
| Knorr-Bremse AG | 105,979 | 8,161,764 | |
| Komatsu Ltd. | 281,080 | 8,261,231 | |
| Kone OYJ (B Shares) | 28,269 | 1,442,259 | |
| Makita Corp. | 150,129 | 4,422,775 | |
| Metso Corp. | 105,728 | 1,292,991 | |
| Mitsubishi Heavy Industries Ltd. | 862,930 | 7,548,701 | |
| NGK Insulators Ltd. | 80,500 | 1,075,954 | |
| Nireco Corp. | 4,400 | 41,827 | |
| NTN Corp. | 88,600 | 181,354 | |
| Rheon Automatic Machinery Co. Ltd. | 68,800 | 689,028 | |
| Rotork PLC | 1,126,214 | 4,888,146 | |
| Sandvik AB | 577,901 | 12,760,175 | |
| Schindler Holding AG (participation certificate) | 25,937 | 6,747,248 | |
| Shantui Construction Machinery Co. Ltd. (A Shares) (c) | 343,100 | 386,131 | |
| SMC Corp. | 38,500 | 19,443,634 | |
| Spirax-Sarco Engineering PLC | 73,618 | 8,418,185 | |
| Sumitomo Heavy Industries Ltd. | 37,100 | 1,009,430 | |
| Techtronic Industries Co. Ltd. | 1,747,920 | 21,502,494 | |
| Techtronic Industries Co. Ltd. ADR | 14,512 | 893,359 | |
| The Weir Group PLC | 273,606 | 7,477,148 | |
| THK Co. Ltd. | 131,400 | 2,538,347 | |
| Toyota Industries Corp. | 303,400 | 28,552,571 | |
| Valmet Corp. | 33,808 | 909,866 | |
| VAT Group AG (a) | 16,821 | 9,224,413 | |
| Volvo AB (B Shares) | 134,678 | 3,624,846 | |
| Wartsila Corp. | 39,474 | 827,663 | |
| Yangzijiang Shipbuilding Holdings Ltd. | 1,936,400 | 3,267,460 | |
| 338,235,103 | |||
| Marine Transportation - 0.1% | |||
| A.P. Moller - Maersk A/S: | |||
| Series A | 3,326 | 5,836,388 | |
| Series B | 1,493 | 2,714,545 | |
| Kawasaki Kisen Kaisha Ltd. | 531,100 | 7,893,380 | |
| Mitsui OSK Lines Ltd. | 200,000 | 6,592,482 | |
| Nippon Yusen KK | 49,400 | 1,566,233 | |
| SITC International Holdings Co. Ltd. | 1,329,320 | 3,410,083 | |
| Stolt-Nielsen SA | 11,356 | 524,509 | |
| 28,537,620 | |||
| Passenger Airlines - 0.2% | |||
| Air France KLM (Reg.) (b)(c) | 261,235 | 2,986,384 | |
| InterGlobe Aviation Ltd. (a)(c) | 49,155 | 2,467,218 | |
| Ryanair Holdings PLC sponsored ADR (b) | 242,397 | 29,485,171 | |
| 34,938,773 | |||
| Professional Services - 0.8% | |||
| Adecco SA (Reg.) | 14,311 | 543,114 | |
| BayCurrent Consulting, Inc. | 37,000 | 753,810 | |
| Bureau Veritas SA | 194,702 | 5,863,884 | |
| Experian PLC | 546,333 | 25,316,060 | |
| Intertek Group PLC | 127,496 | 7,824,976 | |
| Persol Holdings Co. Ltd. | 1,531,500 | 2,201,839 | |
| Recruit Holdings Co. Ltd. | 262,241 | 13,238,423 | |
| RELX PLC: | |||
| (Euronext N.V.) | 389,219 | 17,075,015 | |
| (London Stock Exchange) | 661,468 | 29,016,539 | |
| rights (c)(d) | 389,219 | 206,347 | |
| sponsored ADR | 23,960 | 1,053,282 | |
| SGS SA (Reg.) | 93,784 | 8,733,672 | |
| TechnoPro Holdings, Inc. | 300,600 | 5,003,959 | |
| Teleperformance | 76,572 | 8,759,223 | |
| Wolters Kluwer NV | 272,324 | 43,432,826 | |
| Wolters Kluwer NV ADR | 1,265 | 202,590 | |
| 169,225,559 | |||
| Trading Companies & Distributors - 0.9% | |||
| AerCap Holdings NV | 203,004 | 18,820,501 | |
| Ashtead Group PLC | 296,168 | 21,692,275 | |
| Azelis Group NV | 85,010 | 1,808,321 | |
| Beijer Ref AB (B Shares) (b) | 249,929 | 4,091,284 | |
| Brenntag SE | 60,368 | 4,348,663 | |
| Bunzl PLC | 317,652 | 11,942,199 | |
| Diploma PLC | 61,680 | 3,233,238 | |
| Hanwa Co. Ltd. | 6,300 | 266,397 | |
| IMCD NV | 54,113 | 8,257,931 | |
| Itochu Corp. | 539,157 | 25,451,768 | |
| Kanamoto Co. Ltd. | 28,600 | 479,561 | |
| Marubeni Corp. | 175,400 | 3,435,306 | |
| Mitsubishi Corp. | 449,900 | 9,495,775 | |
| Mitsui & Co. Ltd. | 766,200 | 39,010,478 | |
| MonotaRO Co. Ltd. | 170,800 | 1,804,234 | |
| Ochi Holdings Co. Ltd. | 70,900 | 663,624 | |
| Rexel SA | 135,200 | 4,108,713 | |
| Seven Group Holdings Ltd. | 14,596 | 380,592 | |
| Sojitz Corp. | 157,800 | 4,128,335 | |
| Sumiseki Holdings, Inc. (b) | 231,800 | 1,967,717 | |
| Sumitomo Corp. | 540,500 | 14,065,167 | |
| Toromont Industries Ltd. | 39,824 | 3,478,227 | |
| Toyota Tsusho Corp. | 18,400 | 1,123,670 | |
| Wakita & Co. Ltd. | 32,000 | 333,501 | |
| Yamazen Co. Ltd. | 244,600 | 2,188,359 | |
| Yuasa Trading Co. Ltd. | 31,500 | 1,123,677 | |
| 187,699,513 | |||
| Transportation Infrastructure - 0.1% | |||
| Aena SME SA (a) | 133,183 | 26,045,626 | |
| Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 4,738 | 1,590,025 | |
| Hubei Chutian Smart Communication Co. Ltd. (A Shares) | 92,000 | 56,914 | |
| Svitzer A/S | 4,519 | 178,049 | |
| The Sumitomo Warehouse Co. Ltd. | 3,800 | 61,495 | |
| 27,932,109 | |||
TOTAL INDUSTRIALS | 1,748,934,152 | ||
| INFORMATION TECHNOLOGY - 5.8% | |||
| Communications Equipment - 0.0% | |||
| Nokia Corp. | 413,237 | 1,616,336 | |
| Telefonaktiebolaget LM Ericsson (B Shares) | 1,272,619 | 7,841,324 | |
| Vtech Holdings Ltd. | 56,700 | 406,573 | |
| 9,864,233 | |||
| Electronic Equipment, Instruments & Components - 0.5% | |||
| Hagiwara Electric Holdings Co. Ltd. | 42,100 | 1,074,820 | |
| Halma PLC | 261,421 | 7,483,337 | |
| Hamamatsu Photonics K.K. | 103,100 | 3,030,753 | |
| Hexagon AB (B Shares) | 341,919 | 3,766,203 | |
| Hirose Electric Co. Ltd. | 68,890 | 7,665,882 | |
| Ibiden Co. Ltd. | 60,300 | 2,428,257 | |
| Keyence Corp. | 46,246 | 20,845,918 | |
| Kyocera Corp. | 760,800 | 8,624,337 | |
| Largan Precision Co. Ltd. | 25,000 | 1,761,103 | |
| Murata Manufacturing Co. Ltd. | 1,468,300 | 27,773,503 | |
| Nippon Electric Glass Co. Ltd. | 5,100 | 120,079 | |
| OMRON Corp. | 63,900 | 2,087,233 | |
| Sanshin Electronic Co. Ltd. | 8,100 | 110,428 | |
| Shenzhen Laibao Hi-Tech Co. Ltd. (A Shares) | 89,800 | 136,031 | |
| Shimadzu Corp. | 498,100 | 12,884,436 | |
| Spectris PLC | 39,714 | 1,668,245 | |
| Unimicron Technology Corp. | 166,000 | 941,119 | |
| VusionGroup (b) | 7,572 | 1,209,292 | |
| Yokogawa Electric Corp. | 173,100 | 4,458,515 | |
| 108,069,491 | |||
| IT Services - 0.6% | |||
| Accenture PLC Class A | 18,251 | 5,152,075 | |
| Alten SA | 12,700 | 1,636,458 | |
| Biprogy, Inc. | 10,100 | 266,589 | |
| Capgemini SA | 204,487 | 41,429,498 | |
| Fujitsu Ltd. | 2,513,710 | 36,400,957 | |
| Mitsubishi Research Institute, Inc. | 4,400 | 131,218 | |
| NEC Corp. | 19,100 | 1,421,762 | |
| Nomura Research Institute Ltd. | 605,400 | 16,183,522 | |
| NTT Data Corp. | 669,100 | 10,289,240 | |
| OBIC Co. Ltd. | 3,100 | 401,434 | |
| Otsuka Corp. | 8,600 | 163,015 | |
| SCSK Corp. | 66,900 | 1,266,406 | |
| SHIFT, Inc. (c) | 8,400 | 809,207 | |
| Shopify, Inc. Class A (c) | 88,342 | 5,225,429 | |
| Simplex Holdings, Inc. | 64,200 | 1,102,624 | |
| Softcat PLC | 62,003 | 1,317,309 | |
| Suzuyo Sinwart Corp. | 8,300 | 122,337 | |
| Tata Consultancy Services Ltd. | 66,844 | 2,940,120 | |
| TIS, Inc. | 90,640 | 1,653,842 | |
| Wix.com Ltd. (c) | 23,967 | 3,861,084 | |
| 131,774,126 | |||
| Semiconductors & Semiconductor Equipment - 2.6% | |||
| Advantest Corp. | 79,077 | 2,632,366 | |
| Alchip Technologies Ltd. | 18,000 | 1,604,020 | |
| Analog Devices, Inc. | 66,400 | 15,570,136 | |
| ASM International NV (Netherlands) | 3,904 | 2,747,286 | |
| ASML Holding NV (Netherlands) | 184,413 | 176,441,053 | |
| ASMPT Ltd. | 95,900 | 1,146,873 | |
| BE Semiconductor Industries NV | 27,921 | 4,153,752 | |
| Broadcom, Inc. | 13,544 | 17,993,881 | |
| Disco Corp. | 28,000 | 11,014,053 | |
| Global Unichip Corp. | 20,000 | 903,666 | |
| GlobalWafers Co. Ltd. | 74,000 | 1,204,184 | |
| Infineon Technologies AG | 1,163,840 | 47,087,209 | |
| Lasertec Corp. | 54,800 | 14,089,965 | |
| MediaTek, Inc. | 172,000 | 6,569,551 | |
| NXP Semiconductors NV | 77,928 | 21,204,209 | |
| Renesas Electronics Corp. | 3,917,810 | 72,191,992 | |
| Rorze Corp. | 3,200 | 615,522 | |
| Screen Holdings Co. Ltd. | 29,700 | 2,840,959 | |
| Siltronic AG | 9,983 | 813,331 | |
| SK Hynix, Inc. | 88,005 | 12,141,620 | |
| Socionext, Inc. | 39,700 | 1,166,246 | |
| STMicroelectronics NV: | |||
| (France) | 23,767 | 1,003,648 | |
| (Italy) | 13,902 | 585,413 | |
| Sumco Corp. | 255,560 | 3,841,919 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,060,000 | 27,074,215 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 411,171 | 62,103,268 | |
| Tokyo Electron Ltd. | 276,845 | 58,790,427 | |
| 567,530,764 | |||
| Software - 1.2% | |||
| Cadence Design Systems, Inc. (c) | 128,740 | 36,859,549 | |
| Check Point Software Technologies Ltd. (c) | 73,345 | 11,038,423 | |
| Constellation Software, Inc. | 6,346 | 17,651,513 | |
| Constellation Software, Inc. warrants 3/31/40 (c)(e) | 6,340 | 0 | |
| CyberArk Software Ltd. (c) | 3,469 | 795,268 | |
| Dassault Systemes SA | 322,128 | 13,091,911 | |
| Fortnox AB | 185,255 | 1,153,745 | |
| Kinaxis, Inc. (c) | 10,565 | 1,135,217 | |
| Lightspeed Commerce, Inc. Subordinate (vtg.) Shares (United States) (c) | 66,815 | 971,490 | |
| Nemetschek SE | 29,396 | 2,701,343 | |
| NICE Ltd. (c) | 5,268 | 1,004,045 | |
| NICE Ltd. sponsored ADR (c) | 48,550 | 8,912,324 | |
| Oracle Corp. Japan (b) | 12,800 | 905,885 | |
| Rakus Co. Ltd. | 64,600 | 732,611 | |
| Sage Group PLC | 138,920 | 1,824,793 | |
| Sansan, Inc. (c) | 170,099 | 1,747,878 | |
| SAP SE | 722,064 | 131,674,533 | |
| SAP SE sponsored ADR (b) | 55,153 | 10,062,113 | |
| Technology One Ltd. | 96,873 | 1,146,000 | |
| Temenos AG | 5,341 | 344,855 | |
| Xero Ltd. (c) | 93,920 | 8,436,106 | |
| 252,189,602 | |||
| Technology Hardware, Storage & Peripherals - 0.9% | |||
| Brother Industries Ltd. | 144,200 | 2,766,359 | |
| Canon, Inc. | 629,200 | 18,311,060 | |
| FUJIFILM Holdings Corp. | 1,087,350 | 24,830,480 | |
| Konica Minolta, Inc. | 6,700 | 20,123 | |
| Logitech International SA (b) | 28,122 | 2,812,481 | |
| Logitech International SA (Reg.) | 138,548 | 13,867,189 | |
| Ricoh Co. Ltd. | 286,500 | 2,572,783 | |
| Samsung Electronics Co. Ltd. | 2,151,899 | 114,160,058 | |
| Seiko Epson Corp. | 215,000 | 3,473,943 | |
| Shenzhen Transsion Holdings Co. Ltd. (A Shares) | 49,379 | 893,244 | |
| TPV Technology Co. Ltd. (A Shares) (c) | 224,000 | 66,813 | |
| Wacom Co. Ltd. | 148,500 | 669,485 | |
| 184,444,018 | |||
TOTAL INFORMATION TECHNOLOGY | 1,253,872,234 | ||
| MATERIALS - 3.3% | |||
| Chemicals - 1.4% | |||
| Air Liquide SA | 191,582 | 37,717,515 | |
| Air Water, Inc. | 26,400 | 385,848 | |
| Akzo Nobel NV | 573,714 | 40,241,858 | |
| Arkema SA | 20,137 | 2,063,560 | |
| Artience Co. Ltd. | 36,500 | 780,991 | |
| Asahi Kasei Corp. | 513,600 | 3,347,142 | |
| BASF AG | 251,406 | 13,306,080 | |
| Covestro AG (a)(c) | 93,291 | 5,026,439 | |
| Croda International PLC | 208,050 | 12,153,936 | |
| DSM-Firmenich AG | 13,131 | 1,519,955 | |
| Evonik Industries AG | 18,047 | 397,549 | |
| Givaudan SA | 1,418 | 6,684,875 | |
| Icl Group Ltd. (b) | 19,996 | 94,581 | |
| Icl Group Ltd. | 46,056 | 215,191 | |
| Johnson Matthey PLC | 185,068 | 4,161,828 | |
| K+S AG | 215,900 | 3,179,371 | |
| Kansai Paint Co. Ltd. | 179,900 | 2,997,094 | |
| Lanxess AG | 519,541 | 14,076,281 | |
| Linde PLC | 40,408 | 17,598,492 | |
| Linde PLC (b) | 72,959 | 31,546,749 | |
| Methanex Corp. | 35,280 | 1,892,454 | |
| Nitto Denko Corp. | 149,700 | 11,461,048 | |
| Novonesis (NOVOZYMES) B Series B | 201,307 | 12,006,282 | |
| PhosAgro PJSC (c)(e) | 3,751 | 238 | |
| Shin-Etsu Chemical Co. Ltd. | 569,910 | 21,273,926 | |
| Shin-Etsu Chemical Co. Ltd. ADR | 882 | 16,432 | |
| Sika AG | 118,263 | 36,052,275 | |
| Symrise AG | 178,523 | 21,324,694 | |
| Teijin Ltd. | 59,600 | 579,440 | |
| Toray Industries, Inc. | 128,200 | 642,239 | |
| Umicore SA | 150,098 | 2,972,880 | |
| Yara International ASA | 13,882 | 431,667 | |
| 306,148,910 | |||
| Construction Materials - 0.3% | |||
| CRH PLC (b) | 261,975 | 21,419,076 | |
| HeidelbergCement AG | 156,526 | 16,415,421 | |
| Holcim AG | 399,614 | 35,106,068 | |
| Sumitomo Osaka Cement Co. Ltd. | 88,800 | 2,195,932 | |
| 75,136,497 | |||
| Containers & Packaging - 0.2% | |||
| Amcor PLC CDI | 185,080 | 1,827,442 | |
| CCL Industries, Inc. Class B | 123,600 | 6,370,667 | |
| Orora Ltd. | 429,342 | 585,609 | |
| Sig Group AG | 114,468 | 2,384,093 | |
| Smurfit Kappa Group PLC | 618,178 | 30,150,426 | |
| 41,318,237 | |||
| Metals & Mining - 1.3% | |||
| Agnico Eagle Mines Ltd. (Canada) | 127,533 | 8,697,452 | |
| Aluminum Corp. of China Ltd. (A shares) | 6,403,100 | 7,241,535 | |
| Anglo American PLC (United Kingdom) | 481,989 | 15,604,491 | |
| Antofagasta PLC | 573,432 | 16,265,810 | |
| ArcelorMittal SA (b) | 38,277 | 1,007,138 | |
| ArcelorMittal SA: | |||
| (Netherlands) | 667,803 | 17,618,375 | |
| rights (c)(d) | 741,983 | 187,352 | |
| rights (c)(d) | 38,277 | 9,665 | |
| Baoshan Iron & Steel Co. Ltd. (A Shares) | 261,800 | 249,445 | |
| Barrick Gold Corp. | 213,742 | 3,652,851 | |
| Barrick Gold Corp. (Canada) | 484,879 | 8,271,350 | |
| BHP Group Ltd. | 298,173 | 8,874,324 | |
| BHP Group Ltd.: | |||
| (London) (b) | 229,282 | 6,843,353 | |
| sponsored ADR (b) | 52,100 | 3,101,513 | |
| Daiki Aluminum Industry Co. Ltd. | 61,200 | 515,626 | |
| First Quantum Minerals Ltd. | 190,948 | 2,453,134 | |
| Franco-Nevada Corp. | 237,186 | 29,182,083 | |
| Glencore PLC | 10,033,793 | 61,845,223 | |
| Glencore PLC | 48,398 | 296,159 | |
| Glencore PLC ADR | 33,624 | 412,903 | |
| IGO Ltd. | 589,418 | 2,741,263 | |
| JFE Holdings, Inc. | 425,900 | 6,447,912 | |
| Jiangxi Copper Co. Ltd. (A Shares) | 116,100 | 408,657 | |
| Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. (A Shares) (c) | 1,360,050 | 1,498,698 | |
| Lundin Mining Corp. (b) | 368,499 | 4,236,677 | |
| Mitsubishi Materials Corp. | 61,200 | 1,195,806 | |
| Mitsui Mining & Smelting Co. Ltd. | 121,500 | 3,930,873 | |
| Nippon Denko Co. Ltd. | 126,400 | 230,673 | |
| Nippon Light Metal Holding Co. Ltd. | 131,700 | 1,591,136 | |
| Nippon Yakin Kogyo Co. Ltd. | 11,500 | 358,312 | |
| Norsk Hydro ASA | 110,037 | 745,131 | |
| Pilbara Minerals Ltd. (b) | 1,716,395 | 4,328,193 | |
| Rio Tinto Ltd. | 185,949 | 15,955,082 | |
| Rio Tinto PLC | 118,213 | 8,321,886 | |
| Rio Tinto PLC sponsored ADR | 49,897 | 3,497,780 | |
| Shandong Nanshan Aluminum Co. Ltd. (A Shares) | 4,500,460 | 2,392,622 | |
| South32 Ltd. | 1,553,267 | 4,115,459 | |
| Sumitomo Metal Mining Co. Ltd. | 236,100 | 7,686,186 | |
| Tokyo Steel Manufacturing Co. Ltd. | 161,900 | 1,612,154 | |
| Tongling Nonferrous Metals Group Co. Ltd. (A Shares) | 563,500 | 308,138 | |
| Voestalpine AG | 9,469 | 277,149 | |
| Wheaton Precious Metals Corp. | 196,489 | 10,761,880 | |
| Yunnan Tin Co. Ltd. (A Shares) | 220,579 | 511,717 | |
| Zijin Mining Group Co. Ltd. (H Shares) | 1,148,000 | 2,438,254 | |
| 277,921,420 | |||
| Paper & Forest Products - 0.1% | |||
| Shandong Huatai Paper Industry Shareholding Co. Ltd. (A Shares) (c) | 13,200 | 6,653 | |
| Stora Enso Oyj (R Shares) | 336,055 | 4,922,990 | |
| Svenska Cellulosa AB SCA (B Shares) | 373,784 | 5,735,707 | |
| UPM-Kymmene Corp. | 146,200 | 5,588,804 | |
| 16,254,154 | |||
TOTAL MATERIALS | 716,779,218 | ||
| REAL ESTATE - 0.5% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.3% | |||
| Goodman Group unit | 459,074 | 10,238,513 | |
| Great Portland Estates PLC | 465,980 | 2,060,244 | |
| Great Portland Estates PLC rights 6/11/24 (c) | 266,183 | 364,741 | |
| Klepierre SA | 150,394 | 4,365,326 | |
| Link (REIT) | 2,614,200 | 11,022,551 | |
| National Storage REIT unit | 3,788,980 | 5,647,035 | |
| Scentre Group unit | 2,965,847 | 6,215,978 | |
| Segro PLC | 773,226 | 9,080,241 | |
| Stockland Corp. Ltd. unit | 916,313 | 2,743,510 | |
| Warehouses de Pauw | 211,280 | 6,192,519 | |
| 57,930,658 | |||
| Real Estate Management & Development - 0.2% | |||
| CK Asset Holdings Ltd. | 2,441,240 | 9,669,354 | |
| Daito Trust Construction Co. Ltd. | 5,000 | 527,772 | |
| LEG Immobilien AG | 156,949 | 13,958,136 | |
| LEG Immobilien AG rights (b)(c)(d) | 156,949 | 417,229 | |
| Mitsubishi Estate Co. Ltd. | 296,860 | 5,006,183 | |
| Mitsui Fudosan Co. Ltd. | 1,566,500 | 14,391,530 | |
| Swire Pacific Ltd. (A Shares) | 33,500 | 291,606 | |
| TAG Immobilien AG (c) | 62,591 | 977,948 | |
| Vonovia SE | 192,538 | 6,052,554 | |
| Vonovia SE rights (b)(d) | 226,240 | 220,934 | |
| 51,513,246 | |||
TOTAL REAL ESTATE | 109,443,904 | ||
| UTILITIES - 1.2% | |||
| Electric Utilities - 0.5% | |||
| Chubu Electric Power Co., Inc. | 66,200 | 914,604 | |
| CLP Holdings Ltd. | 421,000 | 3,335,820 | |
| Enel SpA | 4,835,667 | 35,110,400 | |
| Fortum Corp. | 155,424 | 2,374,718 | |
| Hokkaido Electric Power Co., Inc. | 285,600 | 2,995,563 | |
| Iberdrola SA | 1,597,704 | 21,087,729 | |
| Kansai Electric Power Co., Inc. | 933,770 | 16,898,635 | |
| SSE PLC | 599,800 | 13,493,199 | |
| The Okinawa Electric Power Co., Inc. | 21,500 | 153,938 | |
| Tokyo Electric Power Co., Inc. (c) | 454,400 | 2,727,976 | |
| 99,092,582 | |||
| Gas Utilities - 0.1% | |||
| APA Group unit | 483,106 | 2,648,621 | |
| Beijing Enterprises Holdings Ltd. | 493,500 | 1,739,591 | |
| China Resource Gas Group Ltd. | 852,300 | 2,965,503 | |
| Osaka Gas Co. Ltd. | 130,400 | 2,968,961 | |
| Tokyo Gas Co. Ltd. | 324,900 | 7,297,711 | |
| 17,620,387 | |||
| Independent Power and Renewable Electricity Producers - 0.2% | |||
| EF-ON, Inc. | 94,700 | 245,685 | |
| Electric Power Development Co. Ltd. | 466,000 | 7,821,238 | |
| RWE AG | 887,478 | 33,727,900 | |
| 41,794,823 | |||
| Multi-Utilities - 0.4% | |||
| E.ON SE | 1,446,836 | 19,376,214 | |
| Engie SA | 2,063,117 | 34,952,538 | |
| National Grid PLC | 1,558,960 | 17,663,004 | |
| National Grid PLC rights 6/10/24 (c) | 279,323 | 701,285 | |
| Veolia Environnement SA | 563,476 | 18,863,417 | |
| 91,556,458 | |||
TOTAL UTILITIES | 250,064,250 | ||
| TOTAL COMMON STOCKS (Cost $7,232,261,022) | 9,824,002,449 | ||
| Nonconvertible Preferred Stocks - 0.3% | |||
| Shares | Value ($) | ||
| CONSUMER DISCRETIONARY - 0.1% | |||
| Automobiles - 0.1% | |||
| Bayerische Motoren Werke AG (BMW) (non-vtg.) | 99,295 | 9,599,377 | |
| Dr. Ing. h.c. F. Porsche AG Series F (a) | 64,442 | 5,353,204 | |
| Porsche Automobil Holding SE (Germany) | 12,811 | 706,893 | |
| Volkswagen AG | 95,982 | 12,061,215 | |
| 27,720,689 | |||
| CONSUMER STAPLES - 0.1% | |||
| Household Products - 0.1% | |||
| Henkel AG & Co. KGaA | 121,821 | 11,028,512 | |
| ENERGY - 0.1% | |||
| Oil, Gas & Consumable Fuels - 0.1% | |||
| Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 1,855,000 | 13,703,451 | |
| FINANCIALS - 0.0% | |||
| Banks - 0.0% | |||
| Banco Bradesco SA (PN) sponsored ADR | 2,075,367 | 5,105,403 | |
| Insurance - 0.0% | |||
| Samsung Fire & Marine Insurance Co. Ltd. | 34 | 6,526 | |
TOTAL FINANCIALS | 5,111,929 | ||
| TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $47,639,828) | 57,564,581 | ||
| Equity Funds - 49.8% | |||
| Shares | Value ($) | ||
| Diversified Emerging Markets Funds - 0.0% | |||
| Matthews Pacific Tiger Fund Investor Class | 19,976 | 377,144 | |
| Europe Stock Funds - 1.6% | |||
| iShares MSCI Eurozone ETF (b) | 6,120,185 | 318,372,024 | |
| WisdomTree Europe Hedged Equity ETF | 419,228 | 19,930,099 | |
TOTAL EUROPE STOCK FUNDS | 338,302,123 | ||
| Foreign Large Blend Funds - 15.3% | |||
| Artisan International Value Fund Investor Class | 18,661,936 | 922,832,748 | |
| Fidelity SAI International Index Fund (f) | 47,433,297 | 694,897,805 | |
| Fidelity SAI International Low Volatility Index Fund (f) | 86,991,376 | 970,823,746 | |
| Harbor International Fund Institutional Class | 9,619 | 457,878 | |
| JPMorgan International Research Enhanced Equity ETF | 7,038,860 | 448,445,771 | |
| Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class I | 16,903,195 | 242,053,748 | |
TOTAL FOREIGN LARGE BLEND FUNDS | 3,279,511,696 | ||
| Foreign Large Growth Funds - 16.7% | |||
| American Funds EuroPacific Growth Fund Class F2 (c) | 156,787 | 9,244,171 | |
| Fidelity Advisor International Discovery Fund Class Z (f) | 18,555,371 | 921,274,186 | |
| Fidelity Advisor International Growth Fund - Class Z | 4,527,781 | 93,000,626 | |
| Fidelity Diversified International Fund (f) | 12,123,132 | 543,116,335 | |
| Fidelity Overseas Fund (f) | 11,591,392 | 755,179,217 | |
| Fidelity SAI International Momentum Index Fund (f) | 10,302,846 | 150,627,602 | |
| Fidelity SAI International Quality Index Fund (f) | 30,608,391 | 398,215,169 | |
| Invesco Oppenheimer International Growth Fund Class A | 313,977 | 11,761,592 | |
| JOHCM International Select Fund Investor Shares | 14,448,928 | 348,797,127 | |
| WCM Focused International Growth Fund Investor Class | 14,366,487 | 354,708,559 | |
TOTAL FOREIGN LARGE GROWTH FUNDS | 3,585,924,584 | ||
| Foreign Large Value Funds - 8.2% | |||
| Fidelity SAI International Value Index Fund (f) | 54,941,355 | 565,895,959 | |
| iShares MSCI EAFE Value ETF (b) | 7,569,749 | 425,949,776 | |
| Oakmark International Fund Investor Class | 19,064,087 | 516,636,755 | |
| Pear Tree Polaris Foreign Value Fund Institutional Shares | 10,832,820 | 262,587,547 | |
TOTAL FOREIGN LARGE VALUE FUNDS | 1,771,070,037 | ||
| Foreign Small Mid Blend Funds - 1.0% | |||
| Fidelity Advisor International Small Cap Fund Class Z (f) | 1,106,358 | 36,520,892 | |
| Fidelity SAI International Small Cap Index Fund (f) | 11,512,793 | 98,894,896 | |
| Victory Trivalent International Small-Cap Fund Class I | 4,448,768 | 70,112,588 | |
TOTAL FOREIGN SMALL MID BLEND FUNDS | 205,528,376 | ||
| Foreign Small Mid Growth Funds - 0.5% | |||
| Fidelity Advisor International Small Cap Opportunities Fund Class Z (f) | 2,559,228 | 52,182,653 | |
| Oberweis International Opportunities Fund Institutional Class | 1,417,377 | 13,195,780 | |
| T. Rowe Price International Discovery Fund | 671,798 | 45,198,601 | |
| Wasatch International Growth Fund Investor Class (c) | 110 | 2,585 | |
| WCM International Small Capital Growth Fund Institutional Class (c) | 120,135 | 2,479,577 | |
TOTAL FOREIGN SMALL MID GROWTH FUNDS | 113,059,196 | ||
| Foreign Small Mid Value Funds - 0.5% | |||
| Brandes International Small Cap Equity Fund Class A | 1,339,003 | 24,651,048 | |
| Oakmark International Small Cap Fund Investor Class | 950,743 | 19,252,552 | |
| Transamerica International Small Cap Value Fund Class I | 4,315,823 | 66,593,150 | |
TOTAL FOREIGN SMALL MID VALUE FUNDS | 110,496,750 | ||
| Other - 6.0% | |||
| Fidelity Advisor Japan Fund Class Z (f) | 15,545,049 | 256,493,307 | |
| Fidelity Japan Smaller Companies Fund (f) | 5,697,781 | 88,657,478 | |
| Fidelity SAI Japan Stock Index Fund (f) | 61,910,919 | 624,062,064 | |
| iShares MSCI Australia ETF (b) | 10,001,860 | 246,545,849 | |
| Matthews Japan Fund Investor Class (c) | 237 | 4,677 | |
| WisdomTree Japan Hedged Equity ETF | 465,136 | 51,681,261 | |
| WisdomTree Japan SmallCap Dividend ETF (b) | 278,561 | 21,056,426 | |
TOTAL OTHER | 1,288,501,062 | ||
| TOTAL EQUITY FUNDS (Cost $8,206,329,140) | 10,692,770,968 | ||
| U.S. Treasury Obligations - 0.1% | |||
Principal Amount (g) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 5.3% to 5.32% 8/15/24 to 8/29/24 (h) (Cost $20,223,579) | 20,450,000 | 20,229,718 | |
| Money Market Funds - 5.3% | |||
| Shares | Value ($) | ||
| Fidelity Cash Central Fund 5.39% (i) | 9,995,261 | 9,997,260 | |
| Fidelity Securities Lending Cash Central Fund 5.39% (i)(j) | 359,561,091 | 359,597,047 | |
| State Street Institutional U.S. Government Money Market Fund Premier Class 5.26% (k) | 771,991,938 | 771,991,938 | |
| TOTAL MONEY MARKET FUNDS (Cost $1,141,586,245) | 1,141,586,245 | ||
| TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $16,648,039,814) | 21,736,153,961 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (263,712,893) |
| NET ASSETS - 100.0% | 21,472,441,068 |
| Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
| Purchased | |||||
| Equity Index Contracts | |||||
| CME Nikkei 225 Index Contracts (United States) | 222 | Jun 2024 | 42,890,400 | (1,331,172) | (1,331,172) |
| ICE E-mini MSCI EAFE Index Contracts (United States) | 4,933 | Jun 2024 | 584,609,830 | 11,139,523 | 11,139,523 |
| TOTAL FUTURES CONTRACTS | 9,808,351 | ||||
| The notional amount of futures purchased as a percentage of Net Assets is 2.9% | |||||
Security Type Abbreviations
| ETF | - | EXCHANGE-TRADED FUND |
Legend
| (a) | 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 $203,124,262 or 0.9% of net assets. |
| (b) | Security or a portion of the security is on loan at period end. |
| (c) | Non-income producing |
| (d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
| (e) | Level 3 security |
| (f) | Affiliated Fund |
| (g) | Amount is stated in United States dollars unless otherwise noted. |
| (h) | 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 $20,229,718. |
| (i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
| (j) | Investment made with cash collateral received from securities on loan. |
| (k) | The rate quoted is the annualized seven-day yield of the fund at period end. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
| Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
| Fidelity Cash Central Fund 5.39% | 23,056,682 | 321,682,204 | 334,741,231 | 175,103 | (395) | - | 9,997,260 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 5.39% | 445,368,743 | 953,635,055 | 1,039,406,751 | 733,194 | - | - | 359,597,047 | 1.4% |
| Total | 468,425,425 | 1,275,317,259 | 1,374,147,982 | 908,297 | (395) | - | 369,594,307 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column 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 is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur. If an Underlying Funds changes its name, the name presented below is the name in effect at period end.
| Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
| Fidelity Advisor International Discovery Fund Class Z | 871,545,791 | - | - | - | - | 49,728,395 | 921,274,186 |
| Fidelity Advisor International Small Cap Fund Class Z | 34,894,545 | - | - | - | - | 1,626,347 | 36,520,892 |
| Fidelity Advisor International Small Cap Opportunities Fund Class Z | 51,133,370 | - | - | - | - | 1,049,283 | 52,182,653 |
| Fidelity Advisor Japan Fund Class Z | 256,648,758 | - | - | - | - | (155,451) | 256,493,307 |
| Fidelity Diversified International Fund | 521,415,928 | - | - | - | - | 21,700,407 | 543,116,335 |
| Fidelity International Growth Fund Class Z | - | 92,000,000 | - | - | - | 1,000,626 | 93,000,626 |
| Fidelity Investments Money Market Government Portfolio Class I 5.2% | 11,151,283 | 6,240,381 | 17,391,664 | 45,505 | - | - | - |
| Fidelity Japan Smaller Companies Fund | 88,315,611 | - | - | - | - | 341,867 | 88,657,478 |
| Fidelity Overseas Fund | 732,112,346 | - | - | - | - | 23,066,871 | 755,179,217 |
| Fidelity SAI International Index Fund | 378,783,520 | 336,000,001 | 45,000,000 | - | 1,611,657 | 23,502,627 | 694,897,805 |
| Fidelity SAI International Low Volatility Index Fund | 957,775,040 | - | - | - | - | 13,048,706 | 970,823,746 |
| Fidelity SAI International Momentum Index Fund | 141,355,041 | - | - | - | - | 9,272,561 | 150,627,602 |
| Fidelity SAI International Quality Index Fund | 192,739,045 | 200,000,000 | - | - | - | 5,476,124 | 398,215,169 |
| Fidelity SAI International Small Cap Index Fund | 96,125,276 | - | 2,500,000 | - | (512,440) | 5,782,060 | 98,894,896 |
| Fidelity SAI International Value Index Fund | 544,614,922 | - | 30,000,000 | - | - | 51,281,037 | 565,895,959 |
| Fidelity SAI Japan Stock Index Fund | 567,907,585 | 58,000,000 | - | - | - | (1,845,521) | 624,062,064 |
| 5,446,518,061 | 692,240,382 | 94,891,664 | 45,505 | 1,099,217 | 204,875,939 | 6,249,841,935 |
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted 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)
Valuation techniques used to value 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 service 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 any 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 services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services 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 services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last sale price or official closing price as reported by a third party pricing service 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 and ETNs 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 and ETNs 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 any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV 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.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
The Fund used futures contracts to manage its exposure to the stock market.
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
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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