UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22227
IndexIQ ETF Trust
(Exact name of registrant as specified in charter)
51 Madison Avenue
New York, NY 10010
(Address of principal executive offices) (Zip code)
Kirk C. Lehneis
IndexIQ Advisors LLC
51 Madison Avenue
New York, NY 10010
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-888-474-7725
Date of fiscal year end: April 30
Date of reporting period: October 31, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. | Reports to Stockholders. |
The Report to Shareholders is attached herewith.
| IQ Hedge Multi-Strategy Tracker ETF (QAI) | | | IQ Global Resources ETF (GRES) | |
| IQ Hedge Macro Tracker ETF (MCRO) | | | IQ U.S. Real Estate Small Cap ETF (ROOF) | |
| IQ Hedge Market Neutral Tracker ETF (QMN) | | | IQ 500 International ETF (IQIN) | |
| IQ Hedge Long/Short Tracker ETF (QLS) | | | IQ 50 Percent Hedged FTSE International ETF (HFXI) | |
| IQ Hedge Event-Driven Tracker ETF (QED) | | | IQ Candriam ESG International Equity ETF (IQSI) | |
| IQ Real Return ETF (CPI) | | | IQ Candriam ESG U.S. Equity ETF (IQSU) | |
| IQ Enhanced Core Plus Bond U.S. ETF (AGGP) | | | IQ Chaikin U.S. Small Cap ETF (CSML) | |
| IQ S&P High Yield Low Volatility Bond ETF (HYLV) | | | IQ Chaikin U.S. Large Cap ETF (CLRG) | |
| | | | | 5 | | | |
| | | | | 7 | | | |
| | | | | 9 | | | |
| Schedules of Investments | | | | | | | |
| | | | | 14 | | | |
| | | | | 22 | | | |
| | | | | 26 | | | |
| | | | | 30 | | | |
| | | | | 33 | | | |
| | | | | 35 | | | |
| | | | | 37 | | | |
| | | | | 39 | | | |
| | | | | 47 | | | |
| | | | | 50 | | | |
| | | | | 54 | | | |
| | | | | 56 | | | |
| | | | | 62 | | | |
| | | | | 73 | | | |
| | | | | 80 | | | |
| | | | | 84 | | | |
| | | | | 90 | | | |
| | | | | 92 | | | |
| | | | | 97 | | | |
| | | | | 102 | | | |
| | | | | 111 | | | |
| | | | | 128 | | |
Kirk C. Lehneis
President
| | | Beginning Account Value 05/01/2020 | | | Ending Account Value 10/31/2020 | | | Annualized Expense Ratios for the Period 05/01/2020 to 10/31/2020 | | | Expenses Paid During the Period 05/01/2020 to 10/31/20201 | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,049.90 | | | | | | 0.54% | | | | | $ | 2.79 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.48 | | | | | | 0.54% | | | | | $ | 2.75 | | |
IQ Hedge Macro Tracker ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,077.80 | | | | | | 0.41% | | | | | $ | 2.15 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.14 | | | | | | 0.41% | | | | | $ | 2.09 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,039.00 | | | | | | 0.41% | | | | | $ | 2.11 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.14 | | | | | | 0.41% | | | | | $ | 2.09 | | |
IQ Hedge Long/Short Tracker ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,092.20 | | | | | | 0.41% | | | | | $ | 2.16 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.14 | | | | | | 0.41% | | | | | $ | 2.09 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,085.60 | | | | | | 0.41% | | | | | $ | 2.16 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.14 | | | | | | 0.41% | | | | | $ | 2.09 | | |
| | | Beginning Account Value 05/01/2020 | | | Ending Account Value 10/31/2020 | | | Annualized Expense Ratios for the Period 05/01/2020 to 10/31/2020 | | | Expenses Paid During the Period 05/01/2020 to 10/31/20201 | | ||||||||||||
IQ Real Return ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,008.10 | | | | | | 0.21% | | | | | $ | 1.06 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.15 | | | | | | 0.21% | | | | | $ | 1.07 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 991.30 | | | | | | 0.20% | | | | | $ | 1.00 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.20 | | | | | | 0.20% | | | | | $ | 1.02 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,057.70 | | | | | | 0.40% | | | | | $ | 2.07 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.19 | | | | | | 0.40% | | | | | $ | 2.04 | | |
IQ Merger Arbitrage ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,085.40 | | | | | | 0.76% | | | | | $ | 3.99 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.76% | | | | | $ | 3.87 | | |
IQ Global Resources ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,040.10 | | | | | | 0.76% | | | | | $ | 3.91 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.76% | | | | | $ | 3.87 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,000.70 | | | | | | 0.70% | | | | | $ | 3.53 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.68 | | | | | | 0.70% | | | | | $ | 3.57 | | |
IQ 500 International ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,071.50 | | | | | | 0.25% | | | | | $ | 1.31 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.95 | | | | | | 0.25% | | | | | $ | 1.28 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,072.80 | | | | | | 0.20% | | | | | $ | 1.04 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.20 | | | | | | 0.20% | | | | | $ | 1.02 | | |
IQ Candriam ESG International Equity ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,099.30 | | | | | | 0.15% | | | | | $ | 0.79 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.45 | | | | | | 0.15% | | | | | $ | 0.77 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,169.00 | | | | | | 0.09% | | | | | $ | 0.49 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.75 | | | | | | 0.09% | | | | | $ | 0.46 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,138.50 | | | | | | 0.35% | | | | | $ | 1.89 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.44 | | | | | | 0.35% | | | | | $ | 1.79 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | | ||||||||||||||||||||
Actual | | | | $ | 1,000.00 | | | | | $ | 1,130.90 | | | | | | 0.25% | | | | | $ | 1.34 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.95 | | | | | | 0.25% | | | | | $ | 1.28 | | |
Net Assets ($ mil): $736.4
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 29.6% | | |
Bank Loan Funds | | | | | 12.6 | | |
Money Market Funds | | | | | 12.6 | | |
Investment Grade Corporate Bond Funds | | | | | 9.3 | | |
Floating Rate – Investment Grade Funds | | | | | 7.3 | | |
Emerging Equity Funds | | | | | 6.0 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 5.8 | | |
Convertible Bond Fund | | | | | 4.9 | | |
High Yield Corporate Bond Funds | | | | | 3.2 | | |
International Equity Core Funds | | | | | 2.5 | | |
Euro Fund | | | | | 2.4 | | |
U.S. Large Cap Growth Funds | | | | | 2.1 | | |
Emerging Bonds – USD Funds | | | | | 1.7 | | |
Europe Equity Funds | | | | | 1.7 | | |
BRIC Equity Funds | | | | | 1.6 | | |
Emerging Bonds – Local Currency Funds | | | | | 1.4 | | |
Emerging Markets Small Cap Equity Fund | | | | | 1.4 | | |
U.S. Small Cap Value Funds | | | | | 1.3 | | |
International Small Cap Equity Funds | | | | | 1.2 | | |
U.S. Large Cap Core Funds | | | | | 1.1 | | |
Japan Equity Fund | | | | | 0.6 | | |
Silver Fund | | | | | 0.5 | | |
Gold Funds | | | | | 0.5 | | |
British Pound Fund | | | | | 0.4 | | |
International Large Cap Growth Fund | | | | | 0.3 | | |
Volatility Note | | | | | 0.3 | | |
Broad Fund | | | | | 0.1 | | |
U.S. Dollar Fund | | | | | 0.0(a) | | |
Total Investments | | | | | 112.4 | | |
Other Assets and Liabilites, Net | | | | | (12.4) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $4.1
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 36.6% | | |
Convertible Bond Fund | | | | | 11.1 | | |
Money Market Funds | | | | | 9.1 | | |
Emerging Equity Funds | | | | | 6.4 | | |
BRIC Equity Funds | | | | | 6.0 | | |
Floating Rate – Investment Grade Funds | | | | | 5.3 | | |
Emerging Bonds – Local Currency Funds | | | | | 5.3 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 4.7 | | |
High Yield Corporate Bond Funds | | | | | 4.2 | | |
Investment Grade Corporate Bond Funds | | | | | 4.1 | | |
U.S. Dollar Fund | | | | | 2.3 | | |
Emerging Bonds – USD Funds | | | | | 2.3 | | |
Emerging Small Cap Equity Fund | | | | | 2.2 | | |
Japan Equity Fund | | | | | 2.0 | | |
Silver Fund | | | | | 1.6 | | |
Gold Funds | | | | | 1.6 | | |
Europe Equity Funds | | | | | 1.5 | | |
U.S. Large Cap Growth Funds | | | | | 1.1 | | |
U.S. Large Cap Core Fund | | | | | 0.9 | | |
Broad Fund | | | | | 0.4 | | |
Total Investments | | | | | 108.7 | | |
Other Assets and Liabilites, Net | | | | | (8.7) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $16.0
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 34.6% | | |
Money Market Funds | | | | | 17.7 | | |
Bank Loan Funds | | | | | 16.6 | | |
Investment Grade Corporate Bond Funds | | | | | 9.4 | | |
Floating Rate – Investment Grade Funds | | | | | 8.3 | | |
Emerging Equity Funds | | | | | 6.5 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 6.1 | | |
High Yield Corporate Bond Funds | | | | | 4.5 | | |
International Small Cap Equity Funds | | | | | 3.0 | | |
Euro Fund | | | | | 2.4 | | |
Convertible Bond Fund | | | | | 2.4 | | |
U.S. Small Cap Value Funds | | | | | 1.9 | | |
U.S. Large Cap Growth Funds | | | | | 1.8 | | |
Europe Equity Funds | | | | | 1.8 | | |
British Pound Fund | | | | | 0.6 | | |
Total Investments | | | | | 117.6 | | |
Other Assets and Liabilites, Net | | | | | (17.6) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $8.2
Asset Class | | | % of Net Assets | | |||
International Equity Core Funds | | | | | 32.1% | | |
Investment Grade Corporate Bond Funds | | | | | 15.3 | | |
U.S. Large Cap Core Funds | | | | | 11.5 | | |
Bank Loan Funds | | | | | 8.2 | | |
U.S. Ultra Short Term Bond Funds | | | | | 8.2 | | |
U.S. Large Cap Growth Funds | | | | | 7.4 | | |
International Large Cap Growth Fund | | | | | 4.5 | | |
U.S. Long Term Treasury Bond Funds | | | | | 4.0 | | |
U.S. Preferred Funds | | | | | 3.8 | | |
U.S. Small Cap Growth Funds | | | | | 3.3 | | |
Money Market Funds | | | | | 2.7 | | |
Volatility Note | | | | | 1.3 | | |
Total Investments | | | | | 102.3 | | |
Other Assets and Liabilites, Net | | | | | (2.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $4.5
Asset Class | | | % of Net Assets | | |||
Investment Grade Corporate Bond Funds | | | | | 47.2% | | |
Bank Loan Funds | | | | | 23.4 | | |
Convertible Bond Fund | | | | | 22.0 | | |
U.S. Small Cap Growth Funds | | | | | 7.0 | | |
Money Market Funds | | | | | 6.0 | | |
U.S. Ultra Short Term Bond Funds | | | | | 0.1 | | |
Total Investments | | | | | 105.7 | | |
Other Assets and Liabilites, Net | | | | | (5.7) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $51.6
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 80.1% | | |
Money Market Funds | | | | | 24.6 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 8.6 | | |
U.S. REITS Funds | | | | | 6.0 | | |
U.S. Large Cap Core Funds | | | | | 3.8 | | |
U.S. Long Term Treasury Bond Fund | | | | | 1.3 | | |
Total Investments | | | | | 124.4 | | |
Other Assets and Liabilites, Net | | | | | (24.4) | | |
Total Net Assets | | | | | 100.0% | | |
|
Net Assets ($ mil): $26.5
Asset Class | | | % of Net Assets | | |||
Investment Grade Corporate Bond Funds | | | | | 38.5% | | |
High Yield Corporate Bond Funds | | | | | 15.7 | | |
Mortgage Backed Securities Funds | | | | | 15.3 | | |
Short Maturity Investment Grade Corporate Bond Fund | | | | | 11.4 | | |
U.S. Intermediate Term Treasury Bond Funds | | | | | 10.1 | | |
Emerging Market Bond Funds | | | | | 5.0 | | |
U.S. Long Term Treasury Bond Funds | | | | | 3.4 | | |
Money Market Funds | | | | | 1.8 | | |
U.S. Short Term Treasury Bond Funds | | | | | 0.5 | | |
Total Investments | | | | | 101.7 | | |
Other Assets and Liabilites, Net | | | | | (1.7) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $107.6
Industry | | | % of Net Assets | | |||
Media | | | | | 15.4% | | |
Consumer Discretionary | | | | | 13.3 | | |
Health Care | | | | | 11.6 | | |
Industrials | | | | | 10.4 | | |
Consumer Staples | | | | | 8.6 | | |
Materials | | | | | 7.7 | | |
Telecommunication Services | | | | | 6.9 | | |
Financials | | | | | 5.5 | | |
Energy | | | | | 5.3 | | |
Information Technology | | | | | 5.3 | | |
Utilities | | | | | 3.9 | | |
Real Estate | | | | | 3.6 | | |
Money Market Funds | | | | | 3.1 | | |
Transportation | | | | | 0.6 | | |
Total Investments | | | | | 101.2 | | |
Other Assets and Liabilites, Net | | | | | (1.2) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $744.3
Industry | | | % of Net Assets | | |||
Money Market Funds | | | | | 22.0% | | |
Consumer Discretionary | | | | | 20.6 | | |
Information Technology | | | | | 12.7 | | |
Health Care | | | | | 9.8 | | |
U.S. Ultra Short Term Bond Funds | | | | | 9.4 | | |
Financials | | | | | 7.9 | | |
Industrials | | | | | 7.6 | | |
Communication Services | | | | | 6.5 | | |
Energy | | | | | 2.8 | | |
Real Estate | | | | | 1.6 | | |
Materials | | | | | 1.4 | | |
Consumer Staples | | | | | 0.3 | | |
Total Investments | | | | | 102.6 | | |
Other Assets and Liabilites, Net | | | | | (2.6) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $20.1
Industry | | | % of Net Assets | | |||
Energy | | | | | 15.2% | | |
Precious Metals | | | | | 14.0 | | |
Livestock | | | | | 13.1 | | |
Grains Food Fiber | | | | | 13.0 | | |
Timber | | | | | 11.2 | | |
Industrial Metals | | | | | 9.6 | | |
Water | | | | | 6.7 | | |
Coal | | | | | 6.6 | | |
Money Market Funds | | | | | 5.4 | | |
U.S. Ultra Short Term Bond Fund | | | | | 5.1 | | |
Total Investments | | | | | 99.9 | | |
Other Assets and Liabilites, Net | | | | | 0.1 | | |
Total Net Assets | | | | | 100.0% | | |
|
Net Assets ($ mil): $34.7
Asset Class | | | % of Net Assets | | |||
Specialized REITs | | | | | 24.8% | | |
Retail REITs | | | | | 17.3 | | |
Hotel REITs | | | | | 15.4 | | |
Mortgage REITs | | | | | 14.5 | | |
Diversified REITs | | | | | 12.4 | | |
Office REITs | | | | | 11.4 | | |
Residential REITs | | | | | 4.0 | | |
Money Market Funds | | | | | 0.3 | | |
Total Investments | | | | | 100.1 | | |
Other Assets and Liabilites, Net | | | | | (0.1) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $215.4
Industry | | | % of Net Assets | | |||
Industrials | | | | | 22.2% | | |
Consumer Discretionary | | | | | 15.6 | | |
Materials | | | | | 10.8 | | |
Consumer Staples | | | | | 10.6 | | |
Financials | | | | | 8.7 | | |
Communication Services | | | | | 7.9 | | |
Energy | | | | | 6.3 | | |
Utilities | | | | | 6.3 | | |
Health Care | | | | | 5.9 | | |
Information Technology | | | | | 5.1 | | |
Money Market Funds | | | | | 3.7 | | |
Total Investments | | | | | 103.1 | | |
Other Assets and Liabilites, Net | | | | | (3.1) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $250.1
Industry | | | % of Net Assets | | |||
Financials | | | | | 15.4% | | |
Industrials | | | | | 15.0 | | |
Health Care | | | | | 12.9 | | |
Consumer Discretionary | | | | | 12.2 | | |
Consumer Staples | | | | | 10.8 | | |
Information Technology | | | | | 10.2 | | |
Materials | | | | | 8.1 | | |
Communication Services | | | | | 5.8 | | |
Utilities | | | | | 3.7 | | |
Real Estate | | | | | 3.1 | | |
Energy | | | | | 2.6 | | |
Money Market Fund | | | | | 1.6 | | |
Total Investments | | | | | 101.4 | | |
Other Assets and Liabilites, Net | | | | | (1.4) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $101.8
Industry | | | % of Net Assets | | |||
Financials | | | | | 16.9% | | |
Industrials | | | | | 15.5 | | |
Health Care | | | | | 13.7 | | |
Consumer Discretionary | | | | | 12.0 | | |
Consumer Staples | | | | | 9.5 | | |
Information Technology | | | | | 9.1 | | |
Materials | | | | | 7.8 | | |
Communication Services | | | | | 6.7 | | |
Utilities | | | | | 3.2 | | |
Real Estate | | | | | 3.2 | | |
Energy | | | | | 2.0 | | |
Money Market Funds | | | | | 1.0 | | |
Total Investments | | | | | 100.6 | | |
Other Assets and Liabilites, Net | | | | | (0.6) | | |
Total Net Assets | | | | | 100.0% | | |
|
Net Assets ($ mil): $220.5
Industry | | | % of Net Assets | | |||
Information Technology | | | | | 35.3% | | |
Consumer Discretionary | | | | | 15.0 | | |
Health Care | | | | | 13.9 | | |
Communication Services | | | | | 10.5 | | |
Consumer Staples | | | | | 6.0 | | |
Industrials | | | | | 5.9 | | |
Financials | | | | | 5.2 | | |
Real Estate | | | | | 3.2 | | |
Materials | | | | | 2.7 | | |
Utilities | | | | | 1.6 | | |
Energy | | | | | 0.6 | | |
Money Market Funds | | | | | 0.1 | | |
Total Investments | | | | | 100.0 | | |
Other Assets and Liabilites, Net | | | | | (0.0)(a) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $132.5
Industry | | | % of Net Assets | | |||
Financials | | | | | 20.4% | | |
Industrials | | | | | 17.1 | | |
Health Care | | | | | 15.7 | | |
Consumer Discretionary | | | | | 14.2 | | |
Information Technology | | | | | 12.8 | | |
Real Estate | | | | | 5.7 | | |
Materials | | | | | 4.0 | | |
Consumer Staples | | | | | 3.4 | | |
Communication Services | | | | | 3.2 | | |
Money Market Funds | | | | | 2.4 | | |
Energy | | | | | 2.4 | | |
Utilities | | | | | 1.0 | | |
Total Investments | | | | | 102.3 | | |
Other Assets and Liabilites, Net | | | | | (2.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $243.8
Industry | | | % of Net Assets | | |||
Information Technology | | | | | 25.9% | | |
Health Care | | | | | 14.1 | | |
Financials | | | | | 13.7 | | |
Communication Services | | | | | 11.7 | | |
Consumer Discretionary | | | | | 11.2 | | |
Industrials | | | | | 8.6 | | |
Consumer Staples | | | | | 5.1 | | |
Utilities | | | | | 3.8 | | |
Real Estate | | | | | 2.6 | | |
Energy | | | | | 2.0 | | |
Materials | | | | | 1.1 | | |
Money Market Fund | | | | | 0.1 | | |
Total Investments | | | | | 99.9 | | |
Other Assets and Liabilites, Net | | | | | 0.1 | | |
Total Net Assets | | | | | 100.0% | | |
| | | Shares | | | Value | | ||||||
Exchange Traded Note — 0.3% | | ||||||||||||
Volatility Note — 0.3% | | ||||||||||||
iPath Series B S&P 500 VIX Short-Term Futures ETN*(a) | | | | | | | | | | | | | |
(Cost $1,849,227) | | | | | 73,821 | | | | | $ | 1,958,471 | | |
Exchange Traded Vehicles — 3.8% | | ||||||||||||
British Pound Fund — 0.4% | | ||||||||||||
Invesco CurrencyShares British Pound Sterling Trust* | | | | | 22,403 | | | | | | 2,805,752 | | |
Euro Fund — 2.4% | | ||||||||||||
Invesco CurrencyShares Euro Currency Trust†*(a) | | | | | 162,239 | | | | | | 17,771,660 | | |
Gold Funds — 0.5% | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF*(a) | | | | | 13,646 | | | | | | 246,310 | | |
Graniteshares Gold Trust* | | | | | 6,323 | | | | | | 117,987 | | |
iShares Gold Trust* | | | | | 160,359 | | | | | | 2,868,823 | | |
SPDR Gold MiniShares Trust*(a) | | | | | 17,407 | | | | | | 325,685 | | |
Total Gold Funds | | | | | | | | | | | 3,558,805 | | |
Silver Fund — 0.5% | | ||||||||||||
iShares Silver Trust* | | | | | 172,526 | | | | | | 3,793,847 | | |
U.S. Dollar Fund — 0.0%(b) | | ||||||||||||
Invesco DB U.S. Dollar Index Bullish Fund | | | | | 36 | | | | | | 913 | | |
Total Exchange Traded Vehicles | | | | ||||||||||
(Cost $27,900,060) | | | | | | | | | | | 27,930,977 | | |
Investment Companies — 95.7% | | ||||||||||||
Bank Loan Funds — 12.6% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 3,086,075 | | | | | | 66,350,613 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 598,270 | | | | | | 26,479,430 | | |
Total Bank Loan Funds | | | | | | | | | | | 92,830,043 | | |
BRIC Equity Funds — 1.6% | | ||||||||||||
iShares China Large-Cap ETF(a) | | | | | 81,262 | | | | | | 3,583,654 | | |
iShares MSCI China ETF(a) | | | | | 84,462 | | | | | | 6,564,387 | | |
SPDR S&P China ETF | | | | | 12,679 | | | | | | 1,571,689 | | |
Total BRIC Equity Funds | | | | | | | | | | | 11,719,730 | | |
Broad Fund — 0.1% | | ||||||||||||
FlexShares Global Upstream Natural Resources Index Fund | | | | | 30,261 | | | | | | 809,784 | | |
Convertible Bond Fund — 4.9% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | | | | | 529,267 | | | | | | 36,471,789 | | |
Emerging Bonds — Local Currency Funds — 1.4% | | ||||||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF(a) | | | | | 84,630 | | | | | | 2,226,615 | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | | | 252,156 | | | | | | 7,751,276 | | |
WisdomTree Emerging Markets Local Debt Fund | | | | | 9,941 | | | | | | 316,124 | | |
Total Emerging Bonds — Local Currency Funds | | | | | | | | | | | 10,294,015 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Emerging Bonds — USD Funds — 1.7% | | ||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | | | 103,863 | | | | | $ | 11,427,007 | | |
Vanguard Emerging Markets Government Bond ETF | | | | | 16,199 | | | | | | 1,268,382 | | |
Total Emerging Bonds — USD Funds | | | | | | | | | | | 12,695,389 | | |
Emerging Equity Funds — 6.0% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF(a) | | | | | 388,788 | | | | | | 20,788,494 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 533,594 | | | | | | 23,376,753 | | |
Total Emerging Equity Funds | | | | | | | | | | | 44,165,247 | | |
Emerging Markets Small Cap Equity Fund — 1.4% | | ||||||||||||
SPDR S&P Emerging Markets SmallCap ETF | | | | | 232,449 | | | | | | 10,216,134 | | |
Europe Equity Funds — 1.7% | | ||||||||||||
iShares Core MSCI Europe ETF | | | | | 64,261 | | | | | | 2,724,666 | | |
Vanguard FTSE Europe ETF(a) | | | | | 193,252 | | | | | | 9,583,367 | | |
Total Europe Equity Funds | | | | | | | | | | | 12,308,033 | | |
Floating Rate — Investment Grade Funds — 7.3% | | ||||||||||||
iShares Floating Rate Bond ETF | | | | | 733,653 | | | | | | 37,188,871 | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | | | 535,704 | | | | | | 16,381,828 | | |
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 53,570,699 | | |
High Yield Corporate Bond Funds — 3.2% | | ||||||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | | | | | 314,146 | | | | | | 13,791,009 | | |
iShares iBoxx High Yield Corporate Bond ETF(a) | | | | | 3,307 | | | | | | 277,391 | | |
SPDR Bloomberg Barclays High Yield Bond ETF(a) | | | | | 1,253 | | | | | | 130,688 | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | | | 368,513 | | | | | | 9,540,802 | | |
Xtrackers USD High Yield Corporate Bond ETF(a) | | | | | 1,368 | | | | | | 65,787 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 23,805,677 | | |
International Equity Core Funds — 2.5% | | ||||||||||||
iShares Core MSCI EAFE ETF | | | | | 151,869 | | | | | | 8,832,701 | | |
Vanguard FTSE Developed Markets ETF | | | | | 234,672 | | | | | | 9,257,810 | | |
Total International Equity Core Funds | | | | | | | | | | | 18,090,511 | | |
International Large Cap Growth Fund — 0.3% | | ||||||||||||
iShares MSCI EAFE Growth ETF(a) | | | | | 29,377 | | | | | | 2,535,235 | | |
International Small Cap Equity Funds — 1.2% | | ||||||||||||
Schwab International Small-Cap Equity ETF(a) | | | | | 91,070 | | | | | | 2,865,062 | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | | | 57,885 | | | | | | 5,929,161 | | |
Total International Small Cap Equity Funds | | | | | | | | | | | 8,794,223 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Investment Grade Corporate Bond Funds — 9.3% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 49,832 | | | | | $ | 3,011,348 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF(a) | | | | | 221,719 | | | | | | 29,650,482 | | |
SPDR Portfolio Short Term Corporate Bond ETF(a) | | | | | 80,439 | | | | | | 2,521,763 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 218,780 | | | | | | 20,884,739 | | |
Vanguard Short-Term Corporate Bond ETF(a) | | | | | 147,161 | | | | | | 12,181,987 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 68,250,319 | | |
Japan Equity Fund — 0.6% | | ||||||||||||
Xtrackers MSCI Japan Hedged Equity ETF | | | | | 112,439 | | | | | | 4,487,440 | | |
U.S. Large Cap Core Funds — 1.1% | | ||||||||||||
Energy Select Sector SPDR Fund | | | | | 61,790 | | | | | | 1,774,609 | | |
Financial Select Sector SPDR Fund(a) | | | | | 174,566 | | | | | | 4,165,145 | | |
Health Care Select Sector SPDR Fund(a) | | | | | 13,919 | | | | | | 1,415,005 | | |
Technology Select Sector SPDR Fund(a) | | | | | 8,165 | | | | | | 905,172 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 8,259,931 | | |
U.S. Large Cap Growth Funds — 2.1% | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 19,470 | | | | | | 1,512,819 | | |
Schwab U.S. Large-Cap Growth ETF | | | | | 17,583 | | | | | | 1,967,538 | | |
SPDR Portfolio S&P 500 Growth ETF | | | | | 30,329 | | | | | | 1,473,686 | | |
Vanguard Growth ETF(a) | | | | | 44,469 | | | | | | 9,817,421 | | |
Vanguard Russell 1000 Growth ETF(a) | | | | | 3,551 | | | | | | 767,868 | | |
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 15,539,332 | | |
U.S. Medium Term Treasury Bond Funds — 5.8% | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 168,469 | | | | | | 22,391,215 | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 118,474 | | | | | | 6,901,111 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 189,969 | | | | | | 13,290,231 | | |
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 42,582,557 | | |
U.S. Small Cap Value Funds — 1.3% | | ||||||||||||
iShares Russell 2000 Value ETF(a) | | | | | 27,647 | | | | | | 2,847,364 | | |
iShares S&P Small-Cap 600 Value ETF(a) | | | | | 27,068 | | | | | | 1,717,465 | | |
Vanguard Small-Cap Value ETF(a) | | | | | 41,642 | | | | | | 4,751,352 | | |
Total U.S. Small Cap Value Funds | | | | | | | | | | | 9,316,181 | | |
U.S. Ultra Short Term Bond Funds — 29.6% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF(a) | | | | | 401,247 | | | | | | 40,176,862 | | |
Invesco Treasury Collateral ETF | | | | | 360,058 | | | | | | 38,065,332 | | |
IQ Ultra Short Duration ETF† | | | | | 1,885,214 | | | | | | 93,638,579 | | |
iShares Short Treasury Bond ETF(a) | | | | | 336,744 | | | | | | 37,277,561 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 100,665 | | | | | | 9,213,867 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 218,372,201 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Total Investment Companies | | | | | | | | | | | | | |
(Cost $692,906,811) | | | | | | | | | | $ | 705,114,470 | | |
Short-Term Investments — 12.6% | | ||||||||||||
Money Market Funds — 12.6% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(c)(d) | | | | | 91,292,003 | | | | | | 91,292,003 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(c) | | | | | 1,337,137 | | | | | | 1,337,137 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $92,629,140) | | | | | | | | | | | 92,629,140 | | |
Total Investments — 112.4% | | | | | | | | | | | | | |
(Cost $815,285,238) | | | | | | | | | | | 827,633,058 | | |
Other Assets and Liabilities, Net — (12.4)% | | | | | | | | | | | (91,227,201) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 736,405,857 | | |
|
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
Aberdeen Standard Physical Gold Shares ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | $ | 12,382 | | | | | $ | — | | |
Aberdeen Standard Physical Gold Shares ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 12,382 | | | | | | — | | |
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.05% | | | | | 7/02/2021 | | | | Monthly | | | | | (653,087) | | | | | | — | | |
Consumer Discretionary Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (653,087) | | | | | | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 89,175 | | | | | | — | | |
Energy Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 89,176 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 209,276 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 209,276 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 40,702 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 40,702 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,018,621 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 2,018,621 | | | | | | — | | |
Graniteshares Gold Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 5,934 | | | | | | — | | |
Graniteshares Gold Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 5,934 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 71,061 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 71,060 | | | | | | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Morgan Stanley | | | 1-Day FEDEF - 3.69% | | | | | 7/02/2021 | | | | Monthly | | | | | (956,393) | | | | | | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,189,099) | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 141,020 | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 141,020 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 892,861 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 892,861 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 51 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 51 | | | | | | — | | |
Invesco KBW Bank ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.14% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,032,381) | | | | | | — | | |
Invesco KBW Bank ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,032,381) | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (571,443) | | | | | | — | | |
Invesco Preferred ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (571,443) | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.74% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,010,058) | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,010,058) | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 3,333,704 | | | | | | — | | |
Invesco Senior Loan ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 3,333,704 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,912,581 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,912,581 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 98,400 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 98,400 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 4,704,742 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 4,704,742 | | | | | | — | | |
iShares 0-5 Year High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 692,918 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | $ | 692,918 | | | | | $ | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (72,640) | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (72,640) | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,125,083 | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,125,083 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 151,316 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 151,317 | | | | | | — | | |
iShares China Large-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 180,061 | | | | | | — | | |
iShares China Large-Cap ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 180,060 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 443,761 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 443,761 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,044,483 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,044,483 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 136,909 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 136,910 | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Morgan Stanley | | | 1-Day FEDEF - 7.64% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,048,878) | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,048,878) | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 75,990 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 75,991 | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.19% | | | | | 7/02/2021 | | | | Monthly | | | | | (458,237) | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (458,237) | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.09% | | | | | 7/02/2021 | | | | Monthly | | | | | (346,586) | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (346,586) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,868,484 | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,868,484 | | | | | | — | | |
iShares Gold Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 144,139 | | | | | | — | | |
iShares Gold Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 144,140 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,489,752 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,489,752 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 13,924 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 13,924 | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 574,084 | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 574,084 | | | | | | — | | |
iShares MBS ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.59% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,698,356) | | | | | | — | | |
iShares MBS ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,698,356) | | | | | | — | | |
iShares MSCI China ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 329,843 | | | | | | — | | |
iShares MSCI China ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 329,844 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 127,379 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 127,379 | | | | | | — | | |
iShares MSCI Emerging Markets Min Vol Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (820,718) | | | | | | — | | |
iShares MSCI Emerging Markets Min Vol Factor ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (820,718) | | | | | | — | | |
iShares MSCI Japan ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (756,363) | | | | | | — | | |
iShares MSCI Japan ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (756,363) | | | | | | — | | |
iShares MSCI USA Min Vol Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (3,919,480) | | | | | | — | | |
iShares MSCI USA Min Vol Factor ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (3,919,480) | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
iShares MSCI USA Momentum Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | $ | (315,649) | | | | | $ | — | | |
iShares MSCI USA Momentum Factor ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (315,649) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,538,263) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,538,263) | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.89% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,101,790) | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,101,790) | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 143,053 | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 143,053 | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 4.04% | | | | | 7/02/2021 | | | | Monthly | | | | | (502,040) | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (502,040) | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 86,292 | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 86,292 | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,872,933 | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,872,933 | | | | | | — | | |
iShares Silver Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 190,610 | | | | | | — | | |
iShares Silver Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 190,609 | | | | | | — | | |
iShares TIPS Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (2,564,460) | | | | | | — | | |
iShares TIPS Bond ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (2,564,460) | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 346,704 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 346,704 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 143,961 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 143,961 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 98,807 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 98,808 | | | | | | — | | |
Schwab U.S. Large-Cap Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (461,984) | | | | | | — | | |
Schwab U.S. Large-Cap Value ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (461,983) | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.50% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,049,108) | | | | | | — | | |
Schwab U.S. REIT ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,049,108) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,330,411 | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,330,411 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 462,958 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 462,959 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,832,455 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,832,455 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 111,870 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 111,870 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,571 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 6,571 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | $ | 823,091 | | | | | $ | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 823,091 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 479,354 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 479,353 | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.89% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,419,620) | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,419,620) | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 16,353 | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 16,353 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (10,335) | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (10,335) | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 74,051 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 74,051 | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.74% | | | | | 7/02/2021 | | | | Monthly | | | | | (372,678) | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (372,678) | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 126,716 | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 126,717 | | | | | | — | | |
SPDR S&P Bank ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.64% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,818,775) | | | | | | — | | |
SPDR S&P Bank ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,818,775) | | | | | | — | | |
SPDR S&P China ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 78,962 | | | | | | — | | |
SPDR S&P China ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 78,963 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 513,292 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 513,292 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 45,453 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 45,453 | | | | | | — | | |
VanEck Vectors High-Yield Muni ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,417,050) | | | | | | — | | |
VanEck Vectors High-Yield Muni ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,417,050) | | | | | | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 389,445 | | | | | | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 389,445 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 63,736 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 63,736 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 297,867 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 297,866 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 465,155 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 465,155 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,174,546 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,174,546 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 481,519 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 481,519 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
Vanguard FTSE Pacific ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.94% | | | | | 7/02/2021 | | | | Monthly | | | | $ | (3,986,650) | | | | | $ | — | | |
Vanguard FTSE Pacific ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (3,986,650) | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 493,200 | | | | | | — | | |
Vanguard Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 493,200 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,049,296 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 1,049,296 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 667,768 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 667,768 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF - 6.19% | | | | | 7/02/2021 | | | | Monthly | | | | | (9,528) | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (9,528) | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (888,165) | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (888,165) | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 38,491 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 38,491 | | | | | | — | | |
Vanguard Russell 1000 Value | | | Morgan Stanley | | | 1-Day FEDEF - 5.14% | | | | | 7/02/2021 | | | | Monthly | | | | | (183,417) | | | | | | — | | |
Vanguard Russell 1000 Value | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (183,418) | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 612,075 | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 612,075 | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.64% | | | | | 7/02/2021 | | | | Monthly | | | | | (1,351,623) | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (1,351,623) | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 238,697 | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 238,697 | | | | | | — | | |
Vanguard Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 7/02/2021 | | | | Monthly | | | | | (3,524,551) | | | | | | — | | |
Vanguard Value ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (3,524,551) | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 15,900 | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 15,900 | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF - 17.79% | | | | | 7/02/2021 | | | | Monthly | | | | | (727,441) | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 3/31/2022 | | | | Monthly | | | | | (727,441) | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 225,451 | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 225,452 | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 3,318 | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Bank of America | | | 1-Month LIBOR + 0.50% | | | | | 3/31/2022 | | | | Monthly | | | | | 3,318 | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Note | | | | $ | 1,958,471 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,958,471 | | |
Exchange Traded Vehicles | | | | | 27,930,977 | | | | | | — | | | | | | — | | | | | | 27,930,977 | | |
Investment Companies | | | | | 705,114,470 | | | | | | — | | | | | | — | | | | | | 705,114,470 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 92,629,140 | | | | | | — | | | | | | — | | | | | | 92,629,140 | | |
Total Investments in Securities | | | | | 827,633,058 | | | | | | — | | | | | | — | | | | | | 827,633,058 | | |
Other Financial Instruments:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 827,633,058 | | | | | $ | — | | | | | $ | — | | | | | $ | 827,633,058 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
Invesco Currency Shares Euro Currency Trust(i) | | | | | 142,565 | | | | | | 14,761,180 | | | | | | 14,389,241 | | | | | | (12,484,457) | | | | | | 642,980 | | | | | | 462,716 | | | | | | — | | | | | | — | | | | | | 162,239 | | | | | | 17,771,660 | | |
Invesco Treasury Collateral ETF(j) | | | | | 403,476 | | | | | | 42,760,387 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Ultra Short Duration ETF | | | | | 1,137,443 | | | | | | 56,246,556 | | | | | | 53,438,099 | | | | | | (16,508,867) | | | | | | 340,332 | | | | | | 122,459 | | | | | | 445,014 | | | | | | — | | | | | | 1,885,214 | | | | | | 93,638,579 | | |
| | | | | 1,683,484 | | | | | | 113,768,123 | | | | | | 67,827,340 | | | | | | (28,993,324) | | | | | | 983,312 | | | | | | 585,175 | | | | | | 445,014 | | | | | | — | | | | | | 2,047,453 | | | | | | 111,410,239 | | |
|
| | | Shares | | | Value | | ||||||
Exchange Traded Vehicles — 5.5% | | ||||||||||||
Gold Funds — 1.6% | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF*(a) | | | | | 247 | | | | | $ | 4,458 | | |
Graniteshares Gold Trust* | | | | | 115 | | | | | | 2,146 | | |
iShares Gold Trust* | | | | | 2,904 | | | | | | 51,953 | | |
SPDR Gold MiniShares Trust*(a) | | | | | 315 | | | | | | 5,894 | | |
Total Gold Funds | | | | | | | | | | | 64,451 | | |
Silver Fund — 1.6% | | ||||||||||||
iShares Silver Trust* | | | | | 3,102 | | | | | | 68,213 | | |
U.S. Dollar Fund — 2.3% | | ||||||||||||
Invesco DB U.S. Dollar Index Bullish Fund(a) | | | | | 3,728 | | | | | | 94,579 | | |
Total Exchange Traded Vehicles | | | | | | | | | | | | | |
(Cost $225,255) | | | | | | | | | | | 227,243 | | |
Investment Companies — 94.1% | | ||||||||||||
BRIC Equity Funds — 6.0% | | ||||||||||||
iShares China Large-Cap ETF(a) | | | | | 1,718 | | | | | | 75,764 | | |
iShares MSCI China ETF(a) | | | | | 1,785 | | | | | | 138,730 | | |
SPDR S&P China ETF | | | | | 268 | | | | | | 33,221 | | |
Total BRIC Equity Funds | | | | | | | | | | | 247,715 | | |
Broad Fund — 0.4% | | ||||||||||||
FlexShares Global Upstream Natural Resources Index Fund(a) | | | | | 640 | | | | | | 17,126 | | |
Convertible Bond Fund — 11.1% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | | | | | 6,645 | | | | | | 457,907 | | |
Emerging Bonds — Local Currency Funds — 5.3% | | ||||||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | | | 1,789 | | | | | | 47,069 | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | | | 5,329 | | | | | | 163,813 | | |
WisdomTree Emerging Markets Local Debt Fund | | | | | 210 | | | | | | 6,678 | | |
Total Emerging Bonds — Local Currency Funds | | | | | | | | | | | 217,560 | | |
Emerging Bonds — USD Funds — 2.3% | | ||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | | | 767 | | | | | | 84,385 | | |
Vanguard Emerging Markets Government Bond ETF | | | | | 120 | | | | | | 9,396 | | |
Total Emerging Bonds — USD Funds | | | | | | | | | | | 93,781 | | |
Emerging Equity Funds — 6.4% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF(a) | | | | | 2,337 | | | | | | 124,959 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 3,207 | | | | | | 140,499 | | |
Total Emerging Equity Funds | | | | | | | | | | | 265,458 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Emerging Small Cap Equity Fund — 2.2% | | ||||||||||||
SPDR S&P Emerging Markets SmallCap ETF | | | | | 2,130 | | | | | $ | 93,614 | | |
Europe Equity Funds — 1.5% | | ||||||||||||
iShares Core MSCI Europe ETF | | | | | 325 | | | | | | 13,780 | | |
Vanguard FTSE Europe ETF(a) | | | | | 977 | | | | | | 48,449 | | |
Total Europe Equity Funds | | | | | | | | | | | 62,229 | | |
Floating Rate — Investment Grade Funds — 5.3% | | ||||||||||||
iShares Floating Rate Bond ETF | | | | | 2,985 | | | | | | 151,309 | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF(a) | | | | | 2,179 | | | | | | 66,634 | | |
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 217,943 | | |
High Yield Corporate Bond Funds — 4.2% | | ||||||||||||
iShares iBoxx High Yield Corporate Bond ETF(a) | | | | | 1,211 | | | | | | 101,579 | | |
SPDR Bloomberg Barclays High Yield Bond ETF(a) | | | | | 459 | | | | | | 47,874 | | |
Xtrackers USD High Yield Corporate Bond ETF(a) | | | | | 501 | | | | | | 24,093 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 173,546 | | |
Investment Grade Corporate Bond Funds — 4.1% | | ||||||||||||
SPDR Portfolio Short Term Corporate Bond ETF(a) | | | | | 930 | | | | | | 29,155 | | |
Vanguard Short-Term Corporate Bond ETF(a) | | | | | 1,702 | | | | | | 140,892 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 170,047 | | |
Japan Equity Fund — 2.0% | | ||||||||||||
Xtrackers MSCI Japan Hedged Equity ETF | | | | | 2,036 | | | | | | 81,257 | | |
U.S. Large Cap Core Fund — 0.9% | | ||||||||||||
Energy Select Sector SPDR Fund | | | | | 1,267 | | | | | | 36,388 | | |
U.S. Large Cap Growth Funds — 1.1% | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 56 | | | | | | 4,351 | | |
Schwab U.S. Large-Cap Growth ETF | | | | | 50 | | | | | | 5,595 | | |
SPDR Portfolio S&P 500 Growth ETF(a) | | | | | 87 | | | | | | 4,227 | | |
Vanguard Growth ETF(a) | | | | | 127 | | | | | | 28,038 | | |
Vanguard Russell 1000 Growth ETF | | | | | 10 | | | | | | 2,163 | | |
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 44,374 | | |
U.S. Medium Term Treasury Bond Funds — 4.7% | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 763 | | | | | | 101,410 | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 536 | | | | | | 31,222 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 860 | | | | | | 60,166 | | |
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 192,798 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Ultra Short Term Bond Funds — 36.6% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 2,772 | | | | | $ | 277,561 | | |
Invesco Treasury Collateral ETF | | | | | 2,488 | | | | | | 263,031 | | |
IQ Ultra Short Duration ETF† | | | | | 13,025 | | | | | | 646,952 | | |
iShares Short Treasury Bond ETF(b) | | | | | 2,327 | | | | | | 257,599 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 696 | | | | | | 63,705 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 1,508,848 | | |
Total Investment Companies | | | | | | | | | | | | | |
(Cost $3,646,509) | | | | | | | | | | | 3,880,591 | | |
Short-Term Investments — 9.1% | | ||||||||||||
Money Market Funds — 9.1% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(c)(d) | | | | | 367,848 | | | | | | 367,848 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(c) | | | | | 7,704 | | | | | | 7,704 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $375,552) | | | | | | | | | | | 375,552 | | |
|
| | | Shares | | | Value | | |||
Total Investments — 108.7% | | |||||||||
(Cost $4,247,316) | | | | | | | $ | 4,483,386 | | |
Other Assets and Liabilities, Net — (8.7)% | | | | | | | | (358,214) | | |
Net Assets — 100.0% | | | | | | | $ | 4,125,172 | | |
|
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
Aberdeen Standard Physical Gold Shares ETF | | | Morgan Stanley | ��� | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | $ | 451 | | | | | $ | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 3,647 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,713 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 27,936 | | | | | | — | | |
Graniteshares Gold Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 224 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 9,514 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 26,430 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 65,018 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (32,459) | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 10,234 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.84% | | | | | 5/04/2021 | | | | Monthly | | | | | (786) | | | | | | — | | |
iShares China Large-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 7,629 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 12,565 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,399 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 466 | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.09% | | | | | 5/04/2021 | | | | Monthly | | | | | (10,314) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 15,207 | | | | | | — | | |
iShares Gold Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 5,224 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (7,756) | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 10,233 | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 8,472 | | | | | | — | | |
iShares MSCI China ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 13,912 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(e) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(f) | | |||||||||
iShares MSCI Emerging Markets Min Vol Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | $ | (58,588) | | | | | $ | — | | |
iShares MSCI Japan ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (42,166) | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 25,904 | | | | | | — | | |
iShares Silver Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,861 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 3,146 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.39% | | | | | 5/04/2021 | | | | Monthly | | | | | (26,364) | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 560 | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.50% | | | | | 5/04/2021 | | | | Monthly | | | | | (31,186) | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,407 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 46,032 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 4,736 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 4,798 | | | | | | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,697 | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.89% | | | | | 5/04/2021 | | | | Monthly | | | | | (80,112) | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 599 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (4,603) | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 437 | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,947 | | | | | | — | | |
SPDR S&P China ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 3,347 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 9,405 | | | | | | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 16,477 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 940 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 5/04/2021 | | | | Monthly | | | | | (54,595) | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 14,107 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 4,860 | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,870 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (5,441) | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,017 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF - 6.19% | | | | | 5/04/2021 | | | | Monthly | | | | | (4,235) | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 216 | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 14,155 | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 668 | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF - 17.79% | | | | | 5/04/2021 | | | | Monthly | | | | | (40,565) | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 8,182 | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,405 | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Vehicles | | | | $ | 227,243 | | | | | $ | — | | | | | $ | — | | | | | $ | 227,243 | | |
Investment Companies | | | | | 3,880,591 | | | | | | — | | | | | | — | | | | | | 3,880,591 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 375,552 | | | | | | — | | | | | | — | | | | | | 375,552 | | |
Total Investments in Securities | | | | | 4,483,386 | | | | | | — | | | | | | — | | | | | | 4,483,386 | | |
Other Financial Instruments:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 4,483,386 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,483,386 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 6,370 | | | | | | 314,997 | | | | | | 328,783 | | | | | | — | | | | | | — | | | | | | 3,172 | | | | | | 2,718 | | | | | | — | | | | | | 13,025 | | | | | | 646,952 | | |
| | | | | 6,370 | | | | | | 314,997 | | | | | | 328,783 | | | | | | — | | | | | | — | | | | | | 3,172 | | | | | | 2,718 | | | | | | — | | | | | | 13,025 | | | | | | 646,952 | | |
|
| | | Shares | | | Value | | | | ||||||||||
Exchange Traded Vehicles — 3.0% | | | | | | | | ||||||||||||
British Pound Fund — 0.6% | | | | | | | | ||||||||||||
Invesco CurrencyShares British Pound Sterling Trust*(a) | | | | | 683 | | | | | $ | 85,539 | | | | | ||||
Euro Fund — 2.4% | | | | | | | | ||||||||||||
Invesco CurrencyShares Euro Currency Trust*(a) | | | | | 3,467 | | | | | | 379,775 | | | | | ||||
Total Exchange Traded Vehicles | | | | | | | | | | | | | | | | ||||
(Cost $461,774) | | | | | | | | | | | 465,314 | | | | | ||||
Investment Companies — 96.9% | | | | | | | | ||||||||||||
Bank Loan Funds — 16.6% | | | | | | | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 88,335 | | | | | | 1,899,202 | | | | | ||||
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 17,125 | | | | | | 757,953 | | | | | ||||
Total Bank Loan Funds | | | | | | | | | | | 2,657,155 | | | | | ||||
Convertible Bond Fund — 2.4% | | | | | | | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | | | | | 5,456 | | | | | | 375,973 | | | | | ||||
Emerging Equity Funds — 6.5% | | | | | | | | ||||||||||||
iShares Core MSCI Emerging Markets ETF(a) | | | | | 9,174 | | | | | | 490,534 | | | | | ||||
Vanguard FTSE Emerging Markets ETF | | | | | 12,590 | | | | | | 551,568 | | | | | ||||
Total Emerging Equity Funds | | | | | | | | | | | 1,042,102 | | | | | ||||
Europe Equity Funds — 1.8% | | | | | | | | ||||||||||||
iShares Core MSCI Europe ETF | | | | | 1,528 | | | | | | 64,787 | | | | | ||||
Vanguard FTSE Europe ETF(a) | | | | | 4,592 | | | | | | 227,717 | | | | | ||||
Total Europe Equity Funds | | | | | | | | | | | 292,504 | | | | | ||||
Floating Rate — Investment Grade Funds — 8.3% | | | | | | | | ||||||||||||
iShares Floating Rate Bond ETF | | | | | 18,061 | | | | | | 915,512 | | | | | ||||
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | | | 13,188 | | | | | | 403,289 | | | | | ||||
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 1,318,801 | | | | | ||||
High Yield Corporate Bond Funds — 4.5% | | | | | �� | | | ||||||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | | | | | 9,577 | | | | | | 420,430 | | | | | ||||
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | | | 11,235 | | | | | | 290,874 | | | | | ||||
Total High Yield Corporate Bond Funds | | | | | | | | | | | 711,304 | | | | | ||||
International Small Cap Equity Funds — 3.0% | | | | | | | | ||||||||||||
Schwab International Small-Cap Equity ETF(a) | | | | | 5,006 | | | | | | 157,489 | | | | | ||||
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | | | 3,182 | | | | | | 325,932 | | | | | ||||
Total International Small Cap Equity Funds | | | | | | | | | | | 483,421 | | | | | ||||
Investment Grade Corporate Bond Funds — 9.4% | | | | | | | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 1,405 | | | | | | 84,904 | | | | | ||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 6,253 | | | | | | 836,214 | | | | |
| | | Shares | | | Value | | | | ||||||||||
Investment Companies (continued) | | | | ||||||||||||||||
Investment Grade Corporate Bond Funds (continued) | | | | ||||||||||||||||
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 6,170 | | | | | $ | 588,988 | | | | | ||||
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 1,510,106 | | | | | ||||
U.S. Large Cap Growth Funds — 1.8% | | | | | | | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 367 | | | | | | 28,516 | | | | | ||||
Schwab U.S. Large-Cap Growth ETF | | | | | 331 | | | | | | 37,039 | | | | | ||||
SPDR Portfolio S&P 500 Growth ETF | | | | | 572 | | | | | | 27,793 | | | | | ||||
Vanguard Growth ETF | | | | | 839 | | | | | | 185,226 | | | | | ||||
Vanguard Russell 1000 Growth ETF | | | | | 66 | | | | | | 14,272 | | | | | ||||
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 292,846 | | | | | ||||
U.S. Medium Term Treasury Bond Funds — 6.1% | | | | | | | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 3,852 | | | | | | 511,970 | | | | | ||||
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 2,708 | | | | | | 157,741 | | | | | ||||
Vanguard Intermediate-Term Treasury ETF | | | | | 4,343 | | | | | | 303,836 | | | | | ||||
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 973,547 | | | | | ||||
U.S. Small Cap Value Funds — 1.9% | | | | | | | | ||||||||||||
iShares Russell 2000 Value ETF(a) | | | | | 911 | | | | | | 93,824 | | | | | ||||
iShares S&P Small-Cap 600 Value ETF(a) | | | | | 894 | | | | | | 56,724 | | | | | ||||
Vanguard Small-Cap Value ETF(a) | | | | | 1,374 | | | | | | 156,774 | | | | | ||||
Total U.S. Small Cap Value Funds | | | | | | | | | | | 307,322 | | | | | ||||
U.S. Ultra Short Term Bond Funds — 34.6% | | | | | | | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 10,177 | | | | | | 1,019,023 | | | | | ||||
Invesco Treasury Collateral ETF | | | | | 9,132 | | | | | | 965,435 | | | | | ||||
IQ Ultra Short Duration ETF† | | | | | 47,818 | | | | | | 2,375,120 | | | | | ||||
iShares Short Treasury Bond ETF(a) | | | | | 8,542 | | | | | | 945,600 | | | | | ||||
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 2,553 | | | | | | 233,676 | | | | | ||||
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 5,538,854 | | | | | ||||
Total Investment Companies | | | | | | | | | | | | | | | | ||||
(Cost $15,474,670) | | | | | | | | | | | 15,503,935 | | | | | ||||
Short-Term Investments — 17.7% | | | | | | | | ||||||||||||
Money Market Funds — 17.7% | | | | | | | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 2,795,304 | | | | | | 2,795,304 | | | | | ||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) | | | | | 34,743 | | | | | | 34,743 | | | | | ||||
Total Short-Term Investments | | | | | | | | | | | | | | | | ||||
(Cost $2,830,047) | | | | | | | | | | | 2,830,047 | | | | | ||||
Total Investments — 117.6% | | | | | | | | ||||||||||||
(Cost $18,766,491) | | | | | | | | | | | 18,799,296 | | | | | ||||
Other Assets and Liabilities, Net — (17.6)% | | | | | | | | | | | (2,807,200) | | | | | ||||
Net Assets — 100.0% | | | | | | | | | | $ | 15,992,096 | | | | | ||||
|
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | $ | 103,935 | | | | | $ | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Morgan Stanley | | | 1-Day FEDEF - 3.69% | | | | | 5/04/2021 | | | | Monthly | | | | | (52,818) | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 8,767 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 38,777 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 5/04/2021 | | | | Monthly | | | | | (168,051) | | | | | | — | | |
Invesco KBW Bank ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.14% | | | | | 5/04/2021 | | | | Monthly | | | | | (51,147) | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (34,536) | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.74% | | | | | 5/04/2021 | | | | Monthly | | | | | (33,299) | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 193,758 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 98,531 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 242,290 | | | | | | — | | |
iShares 0-5 Year High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 42,890 | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 52,234 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 8,641 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 50,048 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 6,614 | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Morgan Stanley | | | 1-Day FEDEF - 7.64% | | | | | 5/04/2021 | | | | Monthly | | | | | (34,571) | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,875 | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.19% | | | | | 5/04/2021 | | | | Monthly | | | | | (15,118) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 93,422 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 85,320 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (75,073) | | | | | | — | | |
iShares MBS ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.59% | | | | | 5/04/2021 | | | | Monthly | | | | | (84,151) | | | | | | — | | |
iShares MSCI USA Min Vol Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (129,239) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 5/04/2021 | | | | Monthly | | | | | (92,977) | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.89% | | | | | 5/04/2021 | | | | Monthly | | | | | (63,157) | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 9,578 | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 4.04% | | | | | 5/04/2021 | | | | Monthly | | | | | (28,867) | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 5,837 | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 96,420 | | | | | | — | | |
iShares TIPS Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (126,983) | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 16,077 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 16,076 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | $ | 3,805 | | | | | $ | — | | |
Schwab U.S. Large-Cap Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (15,231) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 77,322 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 23,798 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 38,383 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (35,358) | | | | | | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 41,130 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 29,670 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 2,818 | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.74% | | | | | 5/04/2021 | | | | Monthly | | | | | (12,279) | | | | | | — | | |
SPDR S&P Bank ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.64% | | | | | 5/04/2021 | | | | Monthly | | | | | (90,102) | | | | | | — | | |
VanEck Vectors High Yield Muni ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 5/04/2021 | | | | Monthly | | | | | (70,210) | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 33,290 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 56,296 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 23,258 | | | | | | — | | |
Vanguard FTSE Pacific ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.94% | | | | | 5/04/2021 | | | | Monthly | | | | | (131,437) | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 18,986 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 60,044 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 30,992 | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (44,008) | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 1,514 | | | | | | — | | |
Vanguard Russell 1000 Value | | | Morgan Stanley | | | 1-Day FEDEF - 5.14% | | | | | 5/04/2021 | | | | Monthly | | | | | (6,056) | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.64% | | | | | 5/04/2021 | | | | Monthly | | | | | (77,607) | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 7/02/2021 | | | | Monthly | | | | | 15,974 | | | | | | — | | |
Vanguard Value ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (116,257) | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 5/04/2021 | | | | Monthly | | | | | (17,793) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Vehicles | | | | $ | 465,314 | | | | | $ | — | | | | | $ | — | | | | | $ | 465,314 | | |
Investment Companies | | | | | 15,503,935 | | | | | | — | | | | | | — | | | | | | 15,503,935 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 2,830,047 | | | | | | — | | | | | | — | | | | �� | | 2,830,047 | | |
Total Investments in Securities | | | | | 18,799,296 | | | | | | — | | | | | | — | | | | | | 18,799,296 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 18,799,296 | | | | | $ | — | | | | | $ | — | | | | | $ | 18,799,296 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 35,819 | | | | | | 1,771,249 | | | | | | 1,208,567 | | | | | | (614,980) | | | | | | 12,859 | | | | | | (2,575) | | | | | | 13,424 | | | | | | — | | | | | | 47,818 | | | | | | 2,375,120 | | |
| | | | | 35,819 | | | | | | 1,771,249 | | | | | | 1,208,567 | | | | | | (614,980) | | | | | | 12,859 | | | | | | (2,575) | | | | | | 13,424 | | | | | | — | | | | | | 47,818 | | | | | | 2,375,120 | | |
|
| | | Shares | | | Value | | ||||||
Exchange Traded Note — 1.3% | | ||||||||||||
Volatility Note — 1.3% | | ||||||||||||
iPath Series B S&P 500 VIX Short-Term Futures ETN*(a) | | | | | | | | | | | | | |
(Cost $130,245) | | | | | 4,165 | | | | | $ | 110,498 | | |
Investment Companies — 98.3% | | ||||||||||||
Bank Loan Funds — 8.2% | | ||||||||||||
Invesco Senior Loan ETF | | | | | 22,370 | | | | | | 480,955 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 4,337 | | | | | | 191,956 | | |
Total Bank Loan Funds | | | | | | | | | | | 672,911 | | |
International Equity Core Funds — 32.1% | | ||||||||||||
iShares Core MSCI EAFE ETF | | | | | 22,033 | | | | | | 1,281,439 | | |
Vanguard FTSE Developed Markets ETF | | | | | 34,051 | | | | | | 1,343,312 | | |
Total International Equity Core Funds | | | | | | | | | | | 2,624,751 | | |
International Large Cap Growth Fund — 4.5% | | ||||||||||||
iShares MSCI EAFE Growth ETF | | | | | 4,265 | | | | | | 368,069 | | |
Investment Grade Corporate Bond Funds — 15.3% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 1,165 | | | | | | 70,401 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 5,177 | | | | | | 692,320 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 5,110 | | | | | | 487,801 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 1,250,522 | | |
U.S. Large Cap Core Funds — 11.5% | | ||||||||||||
Financial Select Sector SPDR Fund(a) | | | | | 25,330 | | | | | | 604,374 | | |
Health Care Select Sector SPDR Fund(a) | | | | | 2,019 | | | | | | 205,251 | | |
Technology Select Sector SPDR Fund(a) | | | | | 1,187 | | | | | | 131,591 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 941,216 | | |
U.S. Large Cap Growth Funds — 7.4% | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 761 | | | | | | 59,130 | | |
Schwab U.S. Large-Cap Growth ETF | | | | | 689 | | | | | | 77,099 | | |
SPDR Portfolio S&P 500 Growth ETF(a) | | | | | 1,185 | | | | | | 57,579 | | |
Vanguard Growth ETF | | | | | 1,738 | | | | | | 383,698 | | |
Vanguard Russell 1000 Growth ETF | | | | | 138 | | | | | | 29,841 | | |
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 607,347 | | |
U.S. Long Term Treasury Bond Funds — 4.0% | | ||||||||||||
iShares 20+ Year Treasury Bond ETF | | | | | 1,635 | | | | | | 257,627 | | |
SPDR Portfolio Long Term Treasury ETF | | | | | 814 | | | | | | 36,736 | | |
Vanguard Long-Term Treasury ETF | | | | | 354 | | | | | | 34,069 | | |
Total U.S. Long Term Treasury Bond Funds | | | | | | | | | | | 328,432 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Preferred Funds — 3.8% | | ||||||||||||
Invesco Preferred ETF | | | | | 5,774 | | | | | $ | 84,531 | | |
iShares Preferred & Income Securities ETF(a) | | | | | 6,281 | | | | | | 227,498 | | |
Total U.S. Preferred Funds | | | | | | | | | | | 312,029 | | |
U.S. Small Cap Growth Funds — 3.3% | | ||||||||||||
iShares Russell 2000 Growth ETF | | | | | 446 | | | | | | 99,534 | | |
iShares S&P Small-Cap 600 Growth ETF | | | | | 504 | | | | | | 45,184 | | |
Vanguard Small-Cap Growth ETF | | | | | 562 | | | | | | 121,830 | | |
Total U.S. Small Cap Growth Funds | | | | | | | | | | | 266,548 | | |
U.S. Ultra Short Term Bond Funds — 8.2% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 1,229 | | | | | | 123,060 | | |
Invesco Treasury Collateral ETF | | | | | 1,103 | | | | | | 116,609 | | |
IQ Ultra Short Duration ETF† | | | | | 5,778 | | | | | | 286,993 | | |
iShares Short Treasury Bond ETF(a) | | | | | 1,030 | | | | | | 114,021 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 309 | | | | | | 28,283 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 668,966 | | |
Total Investment Companies | | | | ||||||||||
(Cost $8,183,671) | | | | | | | | | | | 8,040,791 | | |
Short-Term Investments — 2.7% | | ||||||||||||
Money Market Funds — 2.7% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 196,550 | | | | | | 196,550 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) | | | | | 23,266 | | | | | | 23,266 | | |
Total Short-Term Investments | | | | ||||||||||
(Cost $219,816) | | | | | | | | | | | 219,816 | | |
Total Investments — 102.3% | | | | ||||||||||
(Cost $8,533,732) | | | | | | | | | | | 8,371,105 | | |
Other Assets and Liabilities, Net — (2.3)% | | | | | | | | | | | (191,085) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 8,180,020 | | |
|
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.05% | | | | | 3/30/2021 | | | | Monthly | | | | $ | (224,034) | | | | | $ | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.10% | | | | | 3/30/2021 | | | | Monthly | | | | | (38,542) | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 61,153 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 12,416 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 20,739 | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 8,550 | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 48,676 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 11,841 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 11,169 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 29,057 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 26,157 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 7,131 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 129,697 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 5,983 | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.09% | | | | | 3/30/2021 | | | | Monthly | | | | | (55,491) | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 70,075 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 37,195 | | | | | | — | | |
iShares MSCI USA Momentum Factor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 3/30/2021 | | | | Monthly | | | | | (180,492) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 23,036 | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 10,043 | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 4,572 | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 11,513 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | 1-Day FEDEF - 3.39% | | | | | 3/30/2021 | | | | Monthly | | | | | (45,743) | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 7,833 | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.50% | | | | | 3/30/2021 | | | | Monthly | | | | | (167,957) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 19,430 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 2,837 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 3,701 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 5,831 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 13,303 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 3/30/2021 | | | | Monthly | | | | | (94,645) | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 135,945 | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 38,856 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 49,353 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 3,465 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 3,027 | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 12,356 | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 8,040,791 | | | | | $ | — | | | | | $ | — | | | | | $ | 8,040,791 | | |
Exchange Traded Note | | | | | 110,498 | | | | | | — | | | | | | — | | | | | | 110,498 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 219,816 | | | | | | — | | | | | | — | | | | | | 219,816 | | |
Total Investments in Securities | | | | | 8,371,105 | | | | | | — | | | | | | — | | | | | | 8,371,105 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 8,371,105 | | | | | $ | — | | | | | $ | — | | | | | $ | 8,371,105 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 5,656 | | | | | | 279,689 | | | | | | 670,250 | | | | | | (661,787) | | | | | | 3,930 | | | | | | (5,089) | | | | | | 1,738 | | | | | | — | | | | | | 5,778 | | | | | | 286,993 | | |
| | | | | 5,656 | | | | | | 279,689 | | | | | | 670,250 | | | | | | (661,787) | | | | | | 3,930 | | | | | | (5,089) | | | | | | 1,738 | | | | | | — | | | | | | 5,778 | | | | | | 286,993 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies — 99.7% | | ||||||||||||
Bank Loan Funds — 23.4% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 35,254 | | | | | $ | 757,961 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 6,833 | | | | | | 302,428 | | |
Total Bank Loan Funds | | | | | | | | | | | 1,060,389 | | |
Convertible Bond Fund — 22.0% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | | | | | 14,470 | | | | | | 997,128 | | |
Investment Grade Corporate Bond Funds — 47.2% | | ||||||||||||
SPDR Portfolio Short Term Corporate Bond ETF | | | | | 11,722 | | | | | | 367,485 | | |
Vanguard Short-Term Corporate Bond ETF | | | | | 21,439 | | | | | | 1,774,720 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 2,142,205 | | |
U.S. Small Cap Growth Funds — 7.0% | | ||||||||||||
iShares Russell 2000 Growth ETF | | | | | 533 | | | | | | 118,950 | | |
iShares S&P Small-Cap 600 Growth ETF | | | | | 604 | | | | | | 54,148 | | |
Vanguard Small-Cap Growth ETF | | | | | 674 | | | | | | 146,110 | | |
Total U.S. Small Cap Growth Funds | | | | | | | | | | | 319,208 | | |
U.S. Ultra Short Term Bond Funds — 0.1% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 8 | | | | | | 801 | | |
Invesco Treasury Collateral ETF | | | | | 7 | | | | | | 740 | | |
IQ Ultra Short Duration ETF† | | | | | 26 | | | | | | 1,292 | | |
iShares Short Treasury Bond ETF(a) | | | | | 6 | | | | | | 664 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 3 | | | | | | 275 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 3,772 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Total Investment Companies (Cost $4,587,974) | | | | | | | | | | $ | 4,522,702 | | |
Short-Term Investments — 6.0% | | ||||||||||||
Money Market Funds — 6.0% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 257,495 | | | | | | 257,495 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(b) | | | | | 13,892 | | | | | | 13,892 | | |
Total Short-Term Investments (Cost $271,387) | | | | | | | | | | | 271,387 | | |
Total Investments — 105.7% (Cost $4,859,361) | | | | | | | | | | | 4,794,089 | | |
Other Assets and Liabilities, Net — (5.7)% | | | | | | | | | | | (259,737) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 4,534,352 | | |
|
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Invesco Preferred ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 3/30/2021 | | | | Monthly | | | | $ | (36,673) | | | | | $ | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 27,542 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 50 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 3/30/2021 | | | | Monthly | | | | | (16,860) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF - 2.04% | | | | | 3/30/2021 | | | | Monthly | | | | | (98,736) | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 4,240 | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 1,972 | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 10,976 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 36,247 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 3/30/2021 | | | | Monthly | | | | | (7,927) | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 13,355 | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | | 64,486 | | | | | | — | | |
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | 1-Day FEDEF + 0.50% | | | | | 3/30/2021 | | | | Monthly | | | | $ | 5,420 | | | | | $ | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 3/30/2021 | | | | Monthly | | | | | (3,991) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 4,522,702 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,522,702 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 271,387 | | | | | | — | | | | | | — | | | | | | 271,387 | | |
Total Investments in Securities | | | | | 4,794,089 | | | | | | — | | | | | | — | | | | | | 4,794,089 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 4,794,089 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,794,089 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 3,354 | | | | | | (2,084) | | | | | | 20 | | | | | | 2 | | | | | | 9 | | | | | | — | | | | | | 26 | | | | | | 1,292 | | |
| | | | | — | | | | | | — | | | | | | 3,354 | | | | | | (2,084) | | | | | | 20 | | | | | | 2 | | | | | | 9 | | | | | | — | | | | | | 26 | | | | | | 1,292 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies — 99.8% | | ||||||||||||
U.S. Large Cap Core Funds — 3.8% | | ||||||||||||
iShares Core S&P 500 ETF(a) | | | | | 2,495 | | | | | $ | 817,412 | | |
SPDR S&P 500 ETF Trust(a) | | | | | 3,444 | | | | | | 1,124,603 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 1,942,015 | | |
U.S. Long Term Treasury Bond Fund — 1.3% | | ||||||||||||
iShares 20+ Year Treasury Bond ETF | | | | | 4,324 | | | | | | 681,333 | | |
U.S. Medium Term Treasury Bond Funds — 8.6% | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 14,075 | | | | | | 1,870,708 | | |
iShares 7-10 Year Treasury Bond ETF(a) | | | | | 21,230 | | | | | | 2,548,874 | | |
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 4,419,582 | | |
U.S. REITS Funds — 6.0% | | ||||||||||||
iShares U.S. Real Estate ETF | | | | | 4,472 | | | | | | 346,625 | | |
SPDR Dow Jones REIT ETF(a) | | | | | 1,528 | | | | | | 116,113 | | |
Vanguard Real Estate ETF | | | | | 34,758 | | | | | | 2,662,115 | | |
Total U.S. REITS Funds | | | | | | | | | | | 3,124,853 | | |
U.S. Ultra Short-Term Bond Funds — 80.1% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF(a) | | | | | 22,404 | | | | | | 2,243,313 | | |
Invesco Treasury Collateral ETF | | | | | 6,749 | | | | | | 713,504 | | |
IQ Ultra Short Duration ETF† | | | | | 260,763 | | | | | | 12,952,098 | | |
iShares Short Treasury Bond ETF(a) | | | | | 116,813 | | | | | | 12,931,199 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 136,734 | | | | | | 12,515,263 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 41,355,377 | | |
Total Investment Companies (Cost $51,505,156) | | | | | | | | | | | 51,523,160 | | |
|
| | | Shares | | | Value | | ||||||
Short-Term Investments — 24.6% | | ||||||||||||
Money Market Funds — 24.6% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 12,588,896 | | | | | $ | 12,588,896 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(b) | | | | | 80,964 | | | | | | 80,964 | | |
Total Short-Term Investments (Cost $12,669,860) | | | | | | | | | | | 12,669,860 | | |
Total Investments — 124.4% (Cost $64,175,016) | | | | | | | | | | | 64,193,020 | | |
Other Assets and Liabilities, Net — (24.4)% | | | | | | | | | | | (12,590,217) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 51,602,803 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 51,523,160 | | | | | $ | — | | | | | $ | — | | | | | $ | 51,523,160 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 12,669,860 | | | | | | — | | | | | | — | | | | | | 12,669,860 | | |
Total Investments in Securities | | | | $ | 64,193,020 | | | | | $ | — | | | | | $ | — | | | | | $ | 64,193,020 | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 262,340 | | | | | | 12,972,713 | | | | | | 137,343 | | | | | | (214,457) | | | | | | (3,700) | | | | | | 60,199 | | | | | | 86,492 | | | | | | — | | | | | | 260,763 | | | | | | 12,952,098 | | |
| | | | | 262,340 | | | | | | 12,972,713 | | | | | | 137,343 | | | | | | (214,457) | | | | | | (3,700) | | | | | | 60,199 | | | | | | 86,492 | | | | | | — | | | | | | 260,763 | | | | | | 12,952,098 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies — 99.9% | | ||||||||||||
Emerging Market Bond Funds — 5.0% | | ||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | | | 10,808 | | | | | $ | 1,189,096 | | |
Vanguard Emerging Markets Government Bond ETF | | | | | 1,680 | | | | | | 131,544 | | |
Total Emerging Market Bond Funds | | | | | | | | | | | 1,320,640 | | |
High Yield Corporate Bond Funds — 15.7% | | ||||||||||||
iShares iBoxx High Yield Corporate Bond ETF(a) | | | | | 29,067 | | | | | | 2,438,140 | | |
SPDR Bloomberg Barclays High Yield Bond ETF(a) | | | | | 11,120 | | | | | | 1,159,816 | | |
Xtrackers USD High Yield Corporate Bond ETF | | | | | 11,866 | | | | | | 570,636 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 4,168,592 | | |
Investment Grade Corporate Bond Funds — 38.5% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 36,361 | | | | | | 2,197,295 | | |
SPDR Portfolio Intermediate Term Corporate Bond ETF | | | | | 26,939 | | | | | | 988,123 | | |
SPDR Portfolio Long Term Corporate Bond ETF(a) | | | | | 19,179 | | | | | | 602,412 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 29,790 | | | | | | 2,843,754 | | |
Vanguard Long-Term Corporate Bond ETF | | | | | 33,874 | | | | | | 3,579,804 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 10,211,388 | | |
Mortgage Backed Securities Funds — 15.3% | | ||||||||||||
iShares MBS ETF(a) | | | | | 22,440 | | | | | | 2,474,908 | | |
SPDR Portfolio Mortgage Backed Bond ETF | | | | | 10,841 | | | | | | 287,720 | | |
Vanguard Mortgage-Backed Securities ETF(a) | | | | | 23,886 | | | | | | 1,292,949 | | |
Total Mortgage Backed Securities Funds | | | | | | | | | | | 4,055,577 | | |
Short Maturity Investment Grade Corporate Bond Fund — 11.4% | | ||||||||||||
Vanguard Short-Term Corporate Bond ETF | | | | | 36,521 | | | | | | 3,023,208 | | |
U.S. Intermediate Term Treasury Bond Funds — 10.1% | | ||||||||||||
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 15,449 | | | | | | 899,904 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 25,192 | | | | | | 1,762,433 | | |
Total U.S. Intermediate Term Treasury Bond Funds | | | | | | | | | | | 2,662,337 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Long Term Treasury Bond Funds — 3.4% | | ||||||||||||
iShares 10-20 Year Treasury Bond ETF | | | | | 620 | | | | | $ | 100,229 | | |
iShares 20+ Year Treasury Bond ETF | | | | | 3,776 | | | | | | 594,984 | | |
SPDR Portfolio Long Term Treasury ETF | | | | | 2,453 | | | | | | 110,704 | | |
Vanguard Long-Term Treasury ETF | | | | | 1,060 | | | | | | 102,015 | | |
Total U.S. Long Term Treasury Bond Funds | | | | | | | | | | | 907,932 | | |
U.S. Short Term Treasury Bond Funds — 0.5% | | ||||||||||||
Schwab Short-Term U.S. Treasury ETF | | | | | 1,068 | | | | | | 54,959 | | |
Vanguard Short-Term Treasury ETF | | | | | 1,132 | | | | | | 70,229 | | |
Total U.S. Short Term Treasury Bond Funds | | | | | | | | | | | 125,188 | | |
Total Investment Companies | | ||||||||||||
(Cost $26,949,121) | | | | | | | | | | | 26,474,862 | | |
Short-Term Investments — 1.8% | | ||||||||||||
Money Market Funds — 1.8% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 433,490 | | | | | | 433,490 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(b) | | | | | 32,426 | | | | | | 32,426 | | |
Total Short-Term Investments | | | | ||||||||||
(Cost $465,916) | | | | | | | | | | | 465,916 | | |
Total Investments — 101.7% | | | | ||||||||||
(Cost $27,415,037) | | | | | | | | | | | 26,940,778 | | |
Other Assets and Liabilities, Net — (1.7)% | | | | | | | | | | | (437,986) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 26,502,792 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 26,474,862 | | | | | $ | — | | | | | $ | — | | | | | $ | 26,474,862 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 465,916 | | | | | | — | | | | | | — | | | | | | 465,916 | | |
Total Investments in Securities | | | | $ | 26,940,778 | | | | | $ | — | | | | | $ | — | | | | | $ | 26,940,778 | | |
| | | Principal Amount | | | Value | | ||||||
Long-Term Bonds 98.1% | | ||||||||||||
Corporate Bonds — 87.1% | | ||||||||||||
Consumer Discretionary — 11.4% | | ||||||||||||
Adient US LLC | | | | | | | | | | | | | |
7.000%, due 5/15/26‡ | | | | $ | 200,000 | | | | | $ | 213,000 | | |
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC | | | | | | | | | | | | | |
3.250%, due 3/15/26‡ | | | | | 100,000 | | | | | | 98,250 | | |
3.500%, due 2/15/23‡ | | | | | 158,000 | | | | | | 160,567 | | |
3.500%, due 3/15/29‡ | | | | | 175,000 | | | | | | 168,000 | | |
4.625%, due 1/15/27‡ | | | | | 265,000 | | | | | | 274,937 | | |
4.875%, due 2/15/30‡ | | | | | 237,000 | | | | | | 251,812 | | |
5.875%, due 2/15/28‡ | | | | | 182,000 | | | | | | 193,375 | | |
7.500%, due 3/15/26‡ | | | | | 147,000 | | | | | | 162,067 | | |
Allison Transmission, Inc. | | | | | | | | | | | | | |
5.000%, due 10/1/24‡ | | | | | 200,000 | | | | | | 201,500 | | |
5.875%, due 6/1/29‡(a) | | | | | 97,000 | | | | | | 105,730 | | |
Churchill Downs, Inc. | | | | | | | | | | | | | |
4.750%, due 1/15/28‡ | | | | | 97,000 | | | | | | 98,455 | | |
5.500%, due 4/1/27‡ | | | | | 155,000 | | | | | | 159,650 | | |
Clarios Global LP | | | | | | | | | | | | | |
6.750%, due 5/15/25‡ | | | | | 90,000 | | | | | | 95,175 | | |
Clarios Global LP / Clarios US Finance Co. | | | | | | | | | | | | | |
6.250%, due 5/15/26‡ | | | | | 186,000 | | | | | | 193,440 | | |
Ford Motor Co. | | | | | | | | | | | | | |
4.346%, due 12/8/26 | | | | | 100,000 | | | | | | 101,500 | | |
4.750%, due 1/15/43 | | | | | 200,000 | | | | | | 184,750 | | |
5.291%, due 12/8/46 | | | | | 100,000 | | | | | | 94,250 | | |
8.500%, due 4/21/23 | | | | | 275,000 | | | | | | 303,259 | | |
Ford Motor Credit Co. LLC | | | | | | | | | | | | | |
3.087%, due 1/9/23 | | | | | 100,000 | | | | | | 98,989 | | |
3.096%, due 5/4/23 | | | | | 500,000 | | | | | | 492,442 | | |
3.350%, due 11/1/22 | | | | | 450,000 | | | | | | 448,269 | | |
4.063%, due 11/1/24 | | | | | 450,000 | | | | | | 450,988 | | |
4.271%, due 1/9/27 | | | | | 100,000 | | | | | | 99,690 | | |
4.375%, due 8/6/23 | | | | | 100,000 | | | | | | 101,485 | | |
4.687%, due 6/9/25 | | | | | 90,000 | | | | | | 92,065 | | |
5.113%, due 5/3/29 | | | | | 50,000 | | | | | | 51,685 | | |
5.125%, due 6/16/25 | | | | | 375,000 | | | | | | 389,441 | | |
5.584%, due 3/18/24 | | | | | 100,000 | | | | | | 105,068 | | |
5.596%, due 1/7/22 | | | | | 200,000 | | | | | | 204,788 | | |
Series G, 4.389%, due 1/8/26 | | | | | 45,000 | | | | | | 45,167 | | |
Gap, Inc. (The) | | | | | | | | | | | | | |
8.375%, due 5/15/23‡ | | | | | 100,000 | | | | | | 111,500 | | |
8.625%, due 5/15/25‡ | | | | | 200,000 | | | | | | 220,000 | | |
8.875%, due 5/15/27‡ | | | | | 240,000 | | | | | | 273,600 | | |
Hanesbrands, Inc. | | | | | | | | | | | | | |
4.625%, due 5/15/24‡ | | | | | 179,000 | | | | | | 186,384 | | |
4.875%, due 5/15/26‡ | | | | | 312,000 | | | | | | 335,400 | | |
Hilton Domestic Operating Co., Inc. | | | | | | | | | | | | | |
4.250%, due 9/1/24 | | | | | 240,000 | | | | | | 238,800 | | |
4.875%, due 1/15/30 | | | | | 246,000 | | | | | | 253,380 | | |
5.125%, due 5/1/26 | | | | | 266,000 | | | | | | 271,320 | | |
5.375%, due 5/1/25‡ | | | | | 90,000 | | | | | | 92,925 | | |
5.750%, due 5/1/28‡ | | | | | 90,000 | | | | | | 94,275 | | |
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. | | | | | | | | | | | | | |
4.625%, due 4/1/25 | | | | | 163,000 | | | | | | 164,426 | | |
4.875%, due 4/1/27 | | | | | 148,000 | | | | | | 149,665 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
International Game Technology PLC | | | | | | | | | | | | | |
5.250%, due 1/15/29‡ | | | | $ | 165,000 | | | | | $ | 163,763 | | |
6.250%, due 2/15/22‡ | | | | | 250,000 | | | | | | 255,000 | | |
6.250%, due 1/15/27‡ | | | | | 125,000 | | | | | | 132,812 | | |
6.500%, due 2/15/25‡ | | | | | 250,000 | | | | | | 266,250 | | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC | | | | | | | | | | | | | |
4.750%, due 6/1/27‡ | | | | | 174,000 | | | | | | 179,655 | | |
5.250%, due 6/1/26‡ | | | | | 228,000 | | | | | | 235,410 | | |
L Brands, Inc. | | | | | | | | | | | | | |
6.875%, due 7/1/25‡ | | | | | 150,000 | | | | | | 160,875 | | |
Lithia Motors, Inc. | | | | | | | | | | | | | |
4.375%, due 1/15/31‡ | | | | | 125,000 | | | | | | 129,688 | | |
MGM Resorts International | | | | | | | | | | | | | |
5.750%, due 6/15/25 | | | | | 214,000 | | | | | | 222,293 | | |
6.000%, due 3/15/23 | | | | | 175,000 | | | | | | 181,563 | | |
7.750%, due 3/15/22 | | | | | 200,000 | | | | | | 209,500 | | |
Penske Automotive Group, Inc. | | | | | | | | | | | | | |
3.500%, due 9/1/25 | | | | | 115,000 | | | | | | 115,575 | | |
PetSmart, Inc. | | | | | | | | | | | | | |
5.875%, due 6/1/25‡ | | | | | 180,000 | | | | | | 182,700 | | |
QVC, Inc. | | | | | | | | | | | | | |
4.375%, due 9/1/28 | | | | | 100,000 | | | | | | 100,250 | | |
4.750%, due 2/15/27 | | | | | 140,000 | | | | | | 142,800 | | |
Scientific Games International, Inc. | | | | | | | | | | | | | |
5.000%, due 10/15/25‡ | | | | | 250,000 | | | | | | 250,000 | | |
Tesla, Inc. | | | | | | | | | | | | | |
5.300%, due 8/15/25‡ | | | | | 375,000 | | | | | | 387,656 | | |
William Carter Co. (The) | | | | | | | | | | | | | |
5.500%, due 5/15/25‡ | | | | | 90,000 | | | | | | 94,275 | | |
5.625%, due 3/15/27‡ | | | | | 90,000 | | | | | | 94,388 | | |
Wyndham Hotels & Resorts, Inc. | | | | | | | | | | | | | |
4.375%, due 8/15/28‡ | | | | | 150,000 | | | | | | 149,063 | | |
Yum! Brands, Inc. | | | | | | | | | | | | | |
3.625%, due 3/15/31 | | | | | 225,000 | | | | | | 220,500 | | |
4.750%, due 1/15/30‡ | | | | | 167,000 | | | | | | 179,108 | | |
7.750%, due 4/1/25‡ | | | | | 190,000 | | | | | | 208,050 | | |
| | | | | | | | | | | 12,292,643 | | |
Consumer Staples — 7.8% | | ||||||||||||
B&G Foods, Inc. | | | | | | | | | | | | | |
5.250%, due 4/1/25 | | | | | 65,000 | | | | | | 66,706 | | |
5.250%, due 9/15/27 | | | | | 165,000 | | | | | | 169,537 | | |
Edgewell Personal Care Co. | | | | | | | | | | | | | |
5.500%, due 6/1/28‡ | | | | | 160,000 | | | | | | 168,000 | | |
Energizer Holdings, Inc. | | | | | | | | | | | | | |
4.375%, due 3/31/29‡ | | | | | 175,000 | | | | | | 176,750 | | |
4.750%, due 6/15/28‡ | | | | | 150,000 | | | | | | 154,312 | | |
7.750%, due 1/15/27‡ | | | | | 97,000 | | | | | | 105,245 | | |
Kraft Heinz Foods Co. | | | | | | | | | | | | | |
3.000%, due 6/1/26 | | | | | 300,000 | | | | | | 306,301 | | |
3.750%, due 4/1/30‡ | | | | | 158,000 | | | | | | 165,621 | | |
3.875%, due 5/15/27‡ | | | | | 225,000 | | | | | | 237,033 | | |
3.950%, due 7/15/25 | | | | | 256,000 | | | | | | 277,081 | | |
4.250%, due 3/1/31‡ | | | | | 200,000 | | | | | | 216,525 | | |
4.375%, due 6/1/46 | | | | | 449,000 | | | | | | 456,761 | | |
4.625%, due 1/30/29 | | | | | 168,000 | | | | | | 186,844 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Consumer Staples (continued) | | ||||||||||||
4.625%, due 10/1/39‡ | | | | $ | 79,000 | | | | | $ | 83,711 | | |
4.875%, due 10/1/49‡ | | | | | 237,000 | | | | | | 248,888 | | |
5.000%, due 7/15/35 | | | | | 163,000 | | | | | | 187,215 | | |
5.000%, due 6/4/42 | | | | | 321,000 | | | | | | 349,758 | | |
5.200%, due 7/15/45 | | | | | 261,000 | | | | | | 287,483 | | |
5.500%, due 6/1/50‡ | | | | | 120,000 | | | | | | 136,104 | | |
Lamb Weston Holdings, Inc. | | | | | | | | | | | | | |
4.625%, due 11/1/24‡ | | | | | 161,000 | | | | | | 166,635 | | |
4.875%, due 11/1/26‡ | | | | | 175,000 | | | | | | 181,344 | | |
4.875%, due 5/15/28‡ | | | | | 115,000 | | | | | | 125,062 | | |
Mattel, Inc. | | | | | | | | | | | | | |
5.875%, due 12/15/27‡ | | | | | 140,000 | | | | | | 151,725 | | |
Newell Brands, Inc. | | | | | | | | | | | | | |
4.350%, due 4/1/23 | | | | | 261,000 | | | | | | 272,745 | | |
4.700%, due 4/1/26 | | | | | 448,000 | | | | | | 477,120 | | |
4.875%, due 6/1/25 | | | | | 90,000 | | | | | | 96,975 | | |
5.875%, due 4/1/36 | | | | | 110,000 | | | | | | 128,975 | | |
6.000%, due 4/1/46 | | | | | 136,000 | | | | | | 158,440 | | |
Performance Food Group, Inc. | | | | | | | | | | | | | |
5.500%, due 10/15/27‡ | | | | | 236,000 | | | | | | 242,490 | | |
Pilgrim’s Pride Corp. | | | | | | | | | | | | | |
5.750%, due 3/15/25‡ | | | | | 205,000 | | | | | | 209,612 | | |
5.875%, due 9/30/27‡ | | | | | 179,000 | | | | | | 189,069 | | |
Post Holdings, Inc. | | | | | | | | | | | | | |
4.625%, due 4/15/30‡ | | | | | 270,000 | | | | | | 277,088 | | |
5.000%, due 8/15/26‡ | | | | | 433,000 | | | | | | 447,614 | | |
5.500%, due 12/15/29‡ | | | | | 157,000 | | | | | | 169,364 | | |
5.625%, due 1/15/28‡ | | | | | 189,000 | | | | | | 198,923 | | |
5.750%, due 3/1/27‡ | | | | | 389,000 | | | | | | 407,477 | | |
Tempur Sealy International, Inc. | | | | | | | | | | | | | |
5.500%, due 6/15/26 | | | | | 146,000 | | | | | | 150,745 | | |
TreeHouse Foods, Inc. | | | | | | | | | | | | | |
4.000%, due 9/1/28 | | | | | 125,000 | | | | | | 125,625 | | |
US Foods, Inc. | | | | | | | | | | | | | |
6.250%, due 4/15/25‡ | | | | | 215,000 | | | | | | 223,600 | | |
| | | | | | | | | | | 8,380,503 | | |
Energy — 4.7% | | ||||||||||||
AmeriGas Partners LP / AmeriGas Finance Corp. | | | | | | | | | | | | | |
5.500%, due 5/20/25 | | | | | 149,000 | | | | | | 159,430 | | |
5.625%, due 5/20/24 | | | | | 148,000 | | | | | | 157,250 | | |
5.750%, due 5/20/27 | | | | | 86,000 | | | | | | 94,600 | | |
5.875%, due 8/20/26 | | | | | 148,000 | | | | | | 162,060 | | |
Apache Corp. | | | | | | | | | | | | | |
4.750%, due 4/15/43 | | | | | 275,000 | | | | | | 244,750 | | |
Cheniere Energy Partners LP | | | | | | | | | | | | | |
4.500%, due 10/1/29 | | | | | 320,000 | | | | | | 326,000 | | |
5.250%, due 10/1/25 | | | | | 332,000 | | | | | | 337,810 | | |
5.625%, due 10/1/26 | | | | | 240,000 | | | | | | 245,400 | | |
Cheniere Energy, Inc. | | | | | | | | | | | | | |
4.625%, due 10/15/28‡ | | | | | 430,000 | | | | | | 443,975 | | |
DCP Midstream Operating LP | | | | | | | | | | | | | |
5.375%, due 7/15/25 | | | | | 175,000 | | | | | | 182,875 | | |
Endeavor Energy Resources LP / EER Finance, Inc. | | | | | | | | | | | | | |
5.750%, due 1/30/28‡ | | | | | 225,000 | | | | | | 234,000 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Energy (continued) | | ||||||||||||
EQM Midstream Partners LP | | | | | | | | | | | | | |
4.125%, due 12/1/26 | | | | $ | 125,000 | | | | | $ | 118,750 | | |
EQT Corp. | | | | | | | | | | | | | |
3.000%, due 10/1/22(a) | | | | | 155,000 | | | | | | 152,287 | | |
3.900%, due 10/1/27 | | | | | 275,000 | | | | | | 264,000 | | |
Parsley Energy LLC / Parsley Finance Corp. | | | | | | | | | | | | | |
5.375%, due 1/15/25‡ | | | | | 225,000 | | | | | | 230,062 | | |
5.625%, due 10/15/27‡ | | | | | 150,000 | | | | | | 159,188 | | |
Sunoco LP / Sunoco Finance Corp. | | | | | | | | | | | | | |
4.875%, due 1/15/23 | | | | | 230,000 | | | | | | 230,575 | | |
5.500%, due 2/15/26 | | | | | 160,000 | | | | | | 160,800 | | |
6.000%, due 4/15/27 | | | | | 145,000 | | | | | | 149,713 | | |
Targa Resources Partners LP / Targa Resources Partners Finance Corp. | | | | | | | | | | | | | |
5.500%, due 3/1/30‡ | | | | | 445,000 | | | | | | 447,225 | | |
5.875%, due 4/15/26 | | | | | 400,000 | | | | | | 408,000 | | |
WPX Energy, Inc. | | | | | | | | | | | | | |
4.500%, due 1/15/30 | | | | | 200,000 | | | | | | 192,000 | | |
| | | | | | | | | | | 5,100,750 | | |
Financials — 5.5% | | ||||||||||||
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer | | | | | | | | | | | | | |
4.250%, due 10/15/27‡ | | | | | 115,000 | | | | | | 114,281 | | |
CIT Group, Inc. | | | | | | | | | | | | | |
4.750%, due 2/16/24 | | | | | 96,000 | | | | | | 102,600 | | |
5.000%, due 8/15/22 | | | | | 236,000 | | | | | | 249,570 | | |
5.250%, due 3/7/25 | | | | | 167,000 | | | | | | 186,414 | | |
Icahn Enterprises LP / Icahn Enterprises Finance Corp. | | | | | | | | | | | | | |
4.750%, due 9/15/24 | | | | | 255,000 | | | | | | 259,462 | | |
5.250%, due 5/15/27 | | | | | 225,000 | | | | | | 232,875 | | |
6.250%, due 5/15/26 | | | | | 250,000 | | | | | | 259,375 | | |
LPL Holdings, Inc. | | | | | | | | | | | | | |
5.750%, due 9/15/25‡ | | | | | 165,000 | | | | | | 170,775 | | |
MSCI, Inc. | | | | | | | | | | | | | |
3.875%, due 2/15/31‡ | | | | | 200,000 | | | | | | 209,000 | | |
4.000%, due 11/15/29‡ | | | | | 231,000 | | | | | | 240,240 | | |
4.750%, due 8/1/26‡ | | | | | 176,000 | | | | | | 182,600 | | |
5.375%, due 5/15/27‡ | | | | | 91,000 | | | | | | 97,484 | | |
Navient Corp. | | | | | | | | | | | | | |
6.625%, due 7/26/21 | | | | | 140,000 | | | | | | 142,800 | | |
OneMain Finance Corp. | | | | | | | | | | | | | |
5.625%, due 3/15/23 | | | | | 190,000 | | | | | | 197,837 | | |
6.125%, due 5/15/22 | | | | | 237,000 | | | | | | 246,480 | | |
6.125%, due 3/15/24 | | | | | 285,000 | | | | | | 298,894 | | |
6.625%, due 1/15/28 | | | | | 350,000 | | | | | | 382,813 | | |
6.875%, due 3/15/25 | | | | | 280,000 | | | | | | 308,000 | | |
7.125%, due 3/15/26 | | | | | 350,000 | | | | | | 388,062 | | |
8.875%, due 6/1/25 | | | | | 130,000 | | | | | | 142,838 | | |
Quicken Loans LLC | | | | | | | | | | | | | |
5.250%, due 1/15/28‡ | | | | | 186,000 | | | | | | 194,571 | | |
Quicken Loans LLC / Quicken Loans Co.-Issuer, Inc. | | | | | | | | | | | | | |
3.625%, due 3/1/29‡ | | | | | 125,000 | | | | | | 123,145 | | |
3.875%, due 3/1/31‡ | | | | | 300,000 | | | | | | 295,446 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Financials (continued) | | ||||||||||||
Radian Group, Inc. | | | | | | | | | | | | | |
4.500%, due 10/1/24 | | | | $ | 200,000 | | | | | $ | 201,750 | | |
4.875%, due 3/15/27 | | | | | 100,000 | | | | | | 102,000 | | |
Refinitiv US Holdings, Inc. | | | | | | | | | | | | | |
6.250%, due 5/15/26‡ | | | | | 240,000 | | | | | | 256,500 | | |
8.250%, due 11/15/26‡ | | | | | 330,000 | | | | | | 358,050 | | |
| | | | | | | | | | | 5,943,862 | | |
Health Care — 11.6% | | ||||||||||||
Acadia Healthcare Co., Inc. | | | | | | | | | | | | | |
5.000%, due 4/15/29‡ | | | | | 100,000 | | | | | | 103,000 | | |
5.500%, due 7/1/28‡ | | | | | 85,000 | | | | | | 88,825 | | |
Avantor Funding, Inc. | | | | | | | | | | | | | |
4.625%, due 7/15/28‡ | | | | | 325,000 | | | | | | 336,781 | | |
Bausch Health Cos., Inc. | | | | | | | | | | | | | |
5.500%, due 11/1/25‡ | | | | | 375,000 | | | | | | 385,313 | | |
5.750%, due 8/15/27‡ | | | | | 100,000 | | | | | | 106,750 | | |
Centene Corp. | | | | | | | | | | | | | |
3.000%, due 10/15/30 | | | | | 360,000 | | | | | | 371,250 | | |
3.375%, due 2/15/30 | | | | | 650,000 | | | | | | 674,375 | | |
4.250%, due 12/15/27 | | | | | 513,000 | | | | | | 539,291 | | |
4.625%, due 12/15/29 | | | | | 730,000 | | | | | | 793,875 | | |
5.375%, due 6/1/26‡ | | | | | 486,000 | | | | | | 510,300 | | |
Charles River Laboratories International, Inc. | | | | | | | | | | | | | |
4.250%, due 5/1/28‡ | | | | | 97,000 | | | | | | 101,365 | | |
DaVita, Inc. | | | | | | | | | | | | | |
3.750%, due 2/15/31‡ | | | | | 310,000 | | | | | | 298,375 | | |
4.625%, due 6/1/30‡ | | | | | 380,000 | | | | | | 385,700 | | |
Elanco Animal Health, Inc. | | | | | | | | | | | | | |
4.912%, due 8/27/21 | | | | | 72,000 | | | | | | 73,617 | | |
5.272%, due 8/28/23 | | | | | 97,000 | | | | | | 105,082 | | |
5.900%, due 8/28/28 | | | | | 172,000 | | | | | | 199,950 | | |
Encompass Health Corp. | | | | | | | | | | | | | |
4.500%, due 2/1/28 | | | | | 163,000 | | | | | | 166,871 | | |
4.750%, due 2/1/30 | | | | | 183,000 | | | | | | 189,862 | | |
HCA, Inc. | | | | | | | | | | | | | |
3.500%, due 9/1/30 | | | | | 565,000 | | | | | | 576,300 | | |
5.375%, due 2/1/25 | | | | | 609,000 | | | | | | 675,229 | | |
5.375%, due 9/1/26 | | | | | 229,000 | | | | | | 257,052 | | |
5.625%, due 9/1/28 | | | | | 331,000 | | | | | | 384,787 | | |
5.875%, due 5/1/23 | | | | | 252,000 | | | | | | 273,735 | | |
5.875%, due 2/15/26 | | | | | 334,000 | | | | | | 377,002 | | |
5.875%, due 2/1/29 | | | | | 182,000 | | | | | | 214,305 | | |
Hologic, Inc. | | | | | | | | | | | | | |
3.250%, due 2/15/29‡ | | | | | 210,000 | | | | | | 211,050 | | |
IQVIA, Inc. | | | | | | | | | | | | | |
5.000%, due 10/15/26‡ | | | | | 184,000 | | | | | | 190,670 | | |
5.000%, due 5/15/27‡ | | | | | 246,000 | | | | | | 258,607 | | |
Jaguar Holding Co. II / PPD Development LP | | | | | | | | | | | | | |
4.625%, due 6/15/25‡ | | | | | 50,000 | | | | | | 51,938 | | |
5.000%, due 6/15/28‡ | | | | | 200,000 | | | | | | 208,000 | | |
Legacy LifePoint Health LLC | | | | | | | | | | | | | |
4.375%, due 2/15/27‡ | | | | | 148,000 | | | | | | 147,075 | | |
6.750%, due 4/15/25‡ | | | | | 100,000 | | | | | | 106,000 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Health Care (continued) | | ||||||||||||
MEDNAX, Inc. | | | | | | | | | | | | | |
5.250%, due 12/1/23‡ | | | | $ | 150,000 | | | | | $ | 151,500 | | |
Molina Healthcare, Inc. | | | | | | | | | | | | | |
4.375%, due 6/15/28‡ | | | | | 195,000 | | | | | | 199,388 | | |
5.375%, due 11/15/22 | | | | | 148,000 | | | | | | 153,920 | | |
Select Medical Corp. | | | | | | | | | | | | | |
6.250%, due 8/15/26‡ | | | | | 257,000 | | | | | | 271,135 | | |
Service Corp. International | | | | | | | | | | | | | |
3.375%, due 8/15/30 | | | | | 200,000 | | | | | | 202,000 | | |
4.625%, due 12/15/27 | | | | | 70,000 | | | | | | 73,763 | | |
5.125%, due 6/1/29 | | | | | 172,000 | | | | | | 187,480 | | |
Teleflex, Inc. | | | | | | | | | | | | | |
4.250%, due 6/1/28‡ | | | | | 100,000 | | | | | | 104,500 | | |
4.625%, due 11/15/27 | | | | | 100,000 | | | | | | 105,500 | | |
Tenet Healthcare Corp. | | | | | | | | | | | | | |
4.625%, due 7/15/24 | | | | | 400,000 | | | | | | 406,000 | | |
4.625%, due 9/1/24‡ | | | | | 117,000 | | | | | | 119,633 | | |
4.625%, due 6/15/28‡ | | | | | 130,000 | | | | | | 131,625 | | |
4.875%, due 1/1/26‡ | | | | | 459,000 | | | | | | 467,033 | | |
5.125%, due 11/1/27‡ | | | | | 335,000 | | | | | | 343,375 | | |
7.500%, due 4/1/25‡ | | | | | 150,000 | | | | | | 162,375 | | |
| | | | | | | | | | | 12,441,559 | | |
Industrials — 9.2% | | ||||||||||||
ADT Security Corp. (The) | | | | | | | | | | | | | |
3.500%, due 7/15/22 | | | | | 300,000 | | | | | | 303,750 | | |
4.875%, due 7/15/32‡ | | | | | 140,000 | | | | | | 144,200 | | |
AECOM | | | | | | | | | | | | | |
5.125%, due 3/15/27 | | | | | 225,000 | | | | | | 244,969 | | |
5.875%, due 10/15/24 | | | | | 165,000 | | | | | | 180,881 | | |
Allied Universal Holdco LLC / Allied Universal Finance Corp. | | | | | | | | | | | | | |
6.625%, due 7/15/26‡ | | | | | 425,000 | | | | | | 444,656 | | |
American Builders & Contractors Supply Co., Inc. | | | | | | | | | | | | | |
4.000%, due 1/15/28‡ | | | | | 157,000 | | | | | | 159,551 | | |
5.875%, due 5/15/26‡ | | | | | 87,000 | | | | | | 90,262 | | |
Aramark Services, Inc. | | | | | | | | | | | | | |
4.750%, due 6/1/26 | | | | | 50,000 | | | | | | 49,687 | | |
5.000%, due 4/1/25‡(a) | | | | | 148,000 | | | | | | 149,295 | | |
5.000%, due 2/1/28‡(a) | | | | | 300,000 | | | | | | 303,375 | | |
Brink’s Co. (The) | | | | | | | | | | | | | |
4.625%, due 10/15/27‡ | | | | | 120,000 | | | | | | 122,700 | | |
Builders FirstSource, Inc. | | | | | | | | | | | | | |
5.000%, due 3/1/30‡ | | | | | 90,000 | | | | | | 94,500 | | |
6.750%, due 6/1/27‡ | | | | | 235,000 | | | | | | 252,038 | | |
Gartner, Inc. | | | | | | | | | | | | | |
3.750%, due 10/1/30‡ | | | | | 150,000 | | | | | | 153,375 | | |
4.500%, due 7/1/28‡ | | | | | 225,000 | | | | | | 234,000 | | |
Herc Holdings, Inc. | | | | | | | | | | | | | |
5.500%, due 7/15/27‡ | | | | | 256,000 | | | | | | 261,760 | | |
Howmet Aerospace, Inc. | | | | | | | | | | | | | |
5.125%, due 10/1/24 | | | | | 260,000 | | | | | | 273,000 | | |
6.875%, due 5/1/25 | | | | | 245,000 | | | | | | 272,563 | | |
Lennar Corp. | | | | | | | | | | | | | |
4.125%, due 1/15/22 | | | | | 158,000 | | | | | | 161,950 | | |
4.500%, due 4/30/24 | | | | | 148,000 | | | | | | 159,285 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Industrials (continued) | | ||||||||||||
4.750%, due 11/29/27 | | | | $ | 182,000 | | | | | $ | 207,480 | | |
5.875%, due 11/15/24 | | | | | 170,000 | | | | | | 191,250 | | |
Picasso Finance Sub, Inc. | | | | | | | | | | | | | |
6.125%, due 6/15/25‡ | | | | | 140,000 | | | | | | 147,350 | | |
Prime Security Services Borrower LLC / Prime Finance, Inc. | | | | | | | | | | | | | |
3.375%, due 8/31/27‡ | | | | | 200,000 | | | | | | 194,500 | | |
5.250%, due 4/15/24‡ | | | | | 163,000 | | | | | | 170,539 | | |
5.750%, due 4/15/26‡ | | | | | 311,000 | | | | | | 331,215 | | |
PulteGroup, Inc. | | | | | | | | | | | | | |
5.000%, due 1/15/27 | | | | | 154,000 | | | | | | 175,945 | | |
5.500%, due 3/1/26 | | | | | 146,000 | | | | | | 168,448 | | |
Signature Aviation US Holdings, Inc. | | | | | | | | | | | | | |
4.000%, due 3/1/28‡ | | | | | 200,000 | | | | | | 193,500 | | |
Standard Industries, Inc. | | | | | | | | | | | | | |
3.375%, due 1/15/31‡ | | | | | 250,000 | | | | | | 243,750 | | |
4.375%, due 7/15/30‡ | | | | | 250,000 | | | | | | 257,500 | | |
4.750%, due 1/15/28‡ | | | | | 186,000 | | | | | | 194,370 | | |
5.000%, due 2/15/27‡ | | | | | 200,000 | | | | | | 206,500 | | |
Summit Materials LLC / Summit Materials Finance Corp. | | | | | | | | | | | | | |
5.250%, due 1/15/29‡ | | | | | 175,000 | | | | | | 180,250 | | |
Taylor Morrison Communities, Inc. | | | | | | | | | | | | | |
5.125%, due 8/1/30‡ | | | | | 100,000 | | | | | | 108,250 | | |
5.875%, due 6/15/27‡ | | | | | 220,000 | | | | | | 243,650 | | |
Toll Brothers Finance Corp. | | | | | | | | | | | | | |
4.875%, due 3/15/27 | | | | | 76,000 | | | | | | 85,880 | | |
TransDigm, Inc. | | | | | | | | | | | | | |
6.250%, due 3/15/26‡ | | | | | 1,000,000 | | | | | | 1,042,500 | | |
United Rentals North America, Inc. | | | | | | | | | | | | | |
3.875%, due 2/15/31 | | | | | 225,000 | | | | | | 227,250 | | |
4.000%, due 7/15/30 | | | | | 200,000 | | | | | | 204,000 | | |
4.875%, due 1/15/28 | | | | | 336,000 | | | | | | 352,800 | | |
5.250%, due 1/15/30 | | | | | 162,000 | | | | | | 175,568 | | |
5.500%, due 5/15/27 | | | | | 242,000 | | | | | | 257,125 | | |
5.875%, due 9/15/26 | | | | | 177,000 | | | | | | 186,071 | | |
Williams Scotsman International, Inc. | | | | | | | | | | | | | |
4.625%, due 8/15/28‡ | | | | | 125,000 | | | | | | 125,625 | | |
| | | | | | | | | | | 9,927,113 | | |
Information Technology — 4.3% | | ||||||||||||
Black Knight InfoServ LLC | | | | | | | | | | | | | |
3.625%, due 9/1/28‡ | | | | | 200,000 | | | | | | 202,000 | | |
BY Crown Parent LLC / BY Bond Finance, Inc. | | | | | | | | | | | | | |
4.250%, due 1/31/26‡ | | | | | 175,000 | | | | | | 178,937 | | |
CDK Global, Inc. | | | | | | | | | | | | | |
4.875%, due 6/1/27 | | | | | 145,000 | | | | | | 150,437 | | |
5.250%, due 5/15/29‡ | | | | | 92,000 | | | | | | 98,440 | | |
5.875%, due 6/15/26 | | | | | 76,000 | | | | | | 79,135 | | |
CDW LLC / CDW Finance Corp. | | | | | | | | | | | | | |
3.250%, due 2/15/29 | | | | | 200,000 | | | | | | 199,000 | | |
4.125%, due 5/1/25 | | | | | 175,000 | | | | | | 181,781 | | |
4.250%, due 4/1/28 | | | | | 97,000 | | | | | | 100,031 | | |
CommScope, Inc. | | | | | | | | | | | | | |
5.500%, due 3/1/24‡ | | | | | 238,000 | | | | | | 243,355 | | |
6.000%, due 3/1/26‡ | | | | | 321,000 | | | | | | 332,235 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
EMC Corp. | | | | | | | | | | | | | |
3.375%, due 6/1/23 | | | | $ | 179,000 | | | | | $ | 182,580 | | |
Microchip Technology, Inc. | | | | | | | | | | | | | |
4.250%, due 9/1/25‡ | | | | | 235,000 | | | | | | 243,225 | | |
NCR Corp. | | | | | | | | | | | | | |
5.000%, due 10/1/28‡ | | | | | 100,000 | | | | | | 99,250 | | |
5.250%, due 10/1/30‡ | | | | | 100,000 | | | | | | 100,000 | | |
5.750%, due 9/1/27‡ | | | | | 142,000 | | | | | | 146,260 | | |
6.125%, due 9/1/29‡ | | | | | 94,000 | | | | | | 99,170 | | |
PTC, Inc. | | | | | | | | | | | | | |
3.625%, due 2/15/25‡ | | | | | 83,000 | | | | | | 84,038 | | |
4.000%, due 2/15/28‡ | | | | | 104,000 | | | | | | 107,120 | | |
Qorvo, Inc. | | | | | | | | | | | | | |
3.375%, due 4/1/31‡ | | | | | 175,000 | | | | | | 176,750 | | |
4.375%, due 10/15/29 | | | | | 173,000 | | | | | | 185,110 | | |
Sensata Technologies, Inc. | | | | | | | | | | | | | |
3.750%, due 2/15/31‡ | | | | | 175,000 | | | | | | 172,813 | | |
4.375%, due 2/15/30‡ | | | | | 110,000 | | | | | | 115,088 | | |
SS&C Technologies, Inc. | | | | | | | | | | | | | |
5.500%, due 9/30/27‡ | | | | | 410,000 | | | | | | 435,625 | | |
Western Digital Corp. | | | | | | | | | | | | | |
4.750%, due 2/15/26 | | | | | 512,000 | | | | | | 551,680 | | |
Xerox Corp. | | | | | | | | | | | | | |
4.375%, due 3/15/23 | | | | | 180,000 | | | | | | 187,200 | | |
| | | | | | | | | | | 4,651,260 | | |
Materials — 5.6% | | ||||||||||||
Alcoa Nederland Holding BV | | | | | | | | | | | | | |
5.500%, due 12/15/27‡ | | | | | 175,000 | | | | | | 184,406 | | |
6.125%, due 5/15/28‡ | | | | | 93,000 | | | | | | 99,510 | | |
Arconic Corp. | | | | | | | | | | | | | |
6.000%, due 5/15/25‡ | | | | | 150,000 | | | | | | 158,812 | | |
6.125%, due 2/15/28‡ | | | | | 150,000 | | | | | | 157,500 | | |
Avient Corp. | | | | | | | | | | | | | |
5.750%, due 5/15/25‡ | | | | | 140,000 | | | | | | 147,350 | | |
Axalta Coating Systems LLC | | | | | | | | | | | | | |
4.875%, due 8/15/24‡ | | | | | 100,000 | | | | | | 101,875 | | |
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV | | | | | | | | | | | | | |
4.750%, due 6/15/27‡ | | | | | 125,000 | | | | | | 131,250 | | |
Ball Corp. | | | | | | | | | | | | | |
2.875%, due 8/15/30 | | | | | 300,000 | | | | | | 294,574 | | |
4.875%, due 3/15/26 | | | | | 104,000 | | | | | | 116,220 | | |
5.250%, due 7/1/25 | | | | | 317,000 | | | | | | 358,210 | | |
Berry Global, Inc. | | | | | | | | | | | | | |
4.500%, due 2/15/26‡ | | | | | 89,000 | | | | | | 90,224 | | |
4.875%, due 7/15/26‡ | | | | | 312,000 | | | | | | 326,852 | | |
5.625%, due 7/15/27‡ | | | | | 97,000 | | | | | | 101,365 | | |
Crown Americas LLC / Crown Americas Capital Corp. IV | | | | | | | | | | | | | |
4.500%, due 1/15/23 | | | | | 181,000 | | | | | | 188,240 | | |
Crown Americas LLC / Crown Americas Capital Corp. VI | | | | | | | | | | | | | |
4.750%, due 2/1/26 | | | | | 182,000 | | | | | | 188,825 | | |
Freeport-McMoRan, Inc. | | | | | | | | | | | | | |
4.125%, due 3/1/28 | | | | | 90,000 | | | | | | 92,250 | | |
4.250%, due 3/1/30 | | | | | 130,000 | | | | | | 136,175 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Materials (continued) | | ||||||||||||
4.375%, due 8/1/28 | | | | $ | 140,000 | | | | | $ | 145,600 | | |
4.625%, due 8/1/30 | | | | | 180,000 | | | | | | 194,400 | | |
5.000%, due 9/1/27 | | | | | 147,000 | | | | | | 153,615 | | |
5.250%, due 9/1/29 | | | | | 147,000 | | | | | | 158,760 | | |
5.450%, due 3/15/43 | | | | | 415,000 | | | | | | 472,062 | | |
Graphic Packaging International LLC | | | | | | | | | | | | | |
3.500%, due 3/15/28‡ | | | | | 80,000 | | | | | | 80,000 | | |
Novelis Corp. | | | | | | | | | | | | | |
4.750%, due 1/30/30‡ | | | | | 341,000 | | | | | | 345,689 | | |
5.875%, due 9/30/26‡ | | | | | 314,000 | | | | | | 324,598 | | |
Olin Corp. | | | | | | | | | | | | | |
5.125%, due 9/15/27 | | | | | 300,000 | | | | | | 306,000 | | |
Owens-Brockway Glass Container, Inc. | | | | | | | | | | | | | |
6.625%, due 5/13/27‡ | | | | | 145,000 | | | | | | 155,513 | | |
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu | | | | | | | | | | | | | |
4.000%, due 10/15/27‡ | | | | | 200,000 | | | | | | 202,000 | | |
Sealed Air Corp. | | | | | | | | | | | | | |
4.000%, due 12/1/27‡ | | | | | 79,000 | | | | | | 82,753 | | |
Valvoline, Inc. | | | | | | | | | | | | | |
4.250%, due 2/15/30‡ | | | | | 115,000 | | | | | | 117,300 | | |
4.375%, due 8/15/25 | | | | | 200,000 | | | | | | 205,750 | | |
WR Grace & Co-Conn | | | | | | | | | | | | | |
4.875%, due 6/15/27‡ | | | | | 150,000 | | | | | | 156,000 | | |
| | | | | | | | | | | 5,973,678 | | |
Media — 13.5% | | ||||||||||||
AMC Networks, Inc. | | | | | | | | | | | | | |
4.750%, due 8/1/25(a) | | | | | 166,000 | | | | | | 166,000 | | |
5.000%, due 4/1/24 | | | | | 174,000 | | | | | | 174,870 | | |
ANGI Group LLC | | | | | | | | | | | | | |
3.875%, due 8/15/28‡ | | | | | 125,000 | | | | | | 122,969 | | |
CCO Holdings LLC / CCO Holdings Capital Corp. | | | | | | | | | | | | | |
4.000%, due 3/1/23‡ | | | | | 50,000 | | | | | | 50,312 | | |
4.250%, due 2/1/31‡ | | | | | 425,000 | | | | | | 434,562 | | |
4.500%, due 8/15/30‡ | | | | | 412,000 | | | | | | 427,965 | | |
4.500%, due 5/1/32‡ | | | | | 570,000 | | | | | | 588,525 | | |
4.750%, due 3/1/30‡ | | | | | 418,000 | | | | | | 439,422 | | |
5.000%, due 2/1/28‡ | | | | | 571,000 | | | | | | 600,977 | | |
5.125%, due 5/1/27‡ | | | | | 395,000 | | | | | | 414,750 | | |
5.375%, due 6/1/29‡ | | | | | 171,000 | | | | | | 184,252 | | |
CSC Holdings LLC | | | | | | | | | | | | | |
3.375%, due 2/15/31‡ | | | | | 100,000 | | | | | | 96,125 | | |
4.125%, due 12/1/30‡ | | | | | 125,000 | | | | | | 126,562 | | |
4.625%, due 12/1/30‡ | | | | | 710,000 | | | | | | 708,225 | | |
5.375%, due 2/1/28‡ | | | | | 230,000 | | | | | | 244,375 | | |
5.500%, due 4/15/27‡ | | | | | 158,000 | | | | | | 166,295 | | |
5.750%, due 1/15/30‡ | | | | | 433,000 | | | | | | 461,686 | | |
6.500%, due 2/1/29‡ | | | | | 199,000 | | | | | | 220,641 | | |
6.750%, due 11/15/21 | | | | | 128,000 | | | | | | 133,920 | | |
7.500%, due 4/1/28‡ | | | | | 516,000 | | | | | | 565,020 | | |
DISH DBS Corp. | | | | | | | | | | | | | |
5.000%, due 3/15/23 | | | | | 339,000 | | | | | | 341,542 | | |
5.875%, due 7/15/22 | | | | | 424,000 | | | | | | 436,190 | | |
6.750%, due 6/1/21 | | | | | 469,000 | | | | | | 478,380 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Media (continued) | | ||||||||||||
Gray Television, Inc. | | | | | | | | | | | | | |
4.750%, due 10/15/30‡ | | | | $ | 175,000 | | | | | $ | 172,375 | | |
5.875%, due 7/15/26‡ | | | | | 158,000 | | | | | | 164,320 | | |
Lamar Media Corp. | | | | | | | | | | | | | |
4.000%, due 2/15/30 | | | | | 100,000 | | | | | | 101,000 | | |
Live Nation Entertainment, Inc. | | | | | | | | | | | | | |
6.500%, due 5/15/27‡ | | | | | 245,000 | | | | | | 263,375 | | |
Match Group Holdings II LLC | | | | | | | | | | | | | |
4.125%, due 8/1/30‡ | | | | | 94,000 | | | | | | 95,997 | | |
4.625%, due 6/1/28‡ | | | | | 90,000 | | | | | | 93,150 | | |
5.000%, due 12/15/27‡ | | | | | 140,000 | | | | | | 145,950 | | |
Netflix, Inc. | | | | | | | | | | | | | |
3.625%, due 6/15/25‡ | | | | | 75,000 | | | | | | 77,813 | | |
4.375%, due 11/15/26 | | | | | 244,000 | | | | | | 265,045 | | |
4.875%, due 4/15/28 | | | | | 280,000 | | | | | | 314,300 | | |
4.875%, due 6/15/30‡ | | | | | 331,000 | | | | | | 377,340 | | |
5.375%, due 11/15/29‡ | | | | | 186,000 | | | | | | 217,388 | | |
5.500%, due 2/15/22 | | | | | 159,000 | | | | | | 166,553 | | |
5.875%, due 2/15/25 | | | | | 202,000 | | | | | | 227,755 | | |
5.875%, due 11/15/28 | | | | | 354,000 | | | | | | 422,145 | | |
6.375%, due 5/15/29 | | | | | 181,000 | | | | | | 222,404 | | |
Nexstar Broadcasting, Inc. | | | | | | | | | | | | | |
4.750%, due 11/1/28‡ | | | | | 200,000 | | | | | | 202,500 | | |
5.625%, due 7/15/27‡ | | | | | 399,000 | | | | | | 415,958 | | |
Nielsen Co. Luxembourg SARL (The) | | | | | | | | | | | | | |
5.000%, due 2/1/25‡ | | | | | 139,000 | | | | | | 142,823 | | |
Radiate Holdco LLC / Radiate Finance, Inc. | | | | | | | | | | | | | |
4.500%, due 9/15/26‡ | | | | | 200,000 | | | | | | 200,750 | | |
Sirius XM Radio, Inc. | | | | | | | | | | | | | |
3.875%, due 8/1/22‡ | | | | | 224,000 | | | | | | 225,960 | | |
4.125%, due 7/1/30‡ | | | | | 330,000 | | | | | | 338,663 | | |
4.625%, due 7/15/24‡ | | | | | 330,000 | | | | | | 339,900 | | |
5.000%, due 8/1/27‡ | | | | | 329,000 | | | | | | 343,805 | | |
5.375%, due 7/15/26‡ | | | | | 229,000 | | | | | | 238,446 | | |
5.500%, due 7/1/29‡ | | | | | 266,000 | | | | | | 289,608 | | |
TEGNA, Inc. | | | | | | | | | | | | | |
4.625%, due 3/15/28‡ | | | | | 217,000 | | | | | | 213,745 | | |
4.750%, due 3/15/26‡ | | | | | 125,000 | | | | | | 128,750 | | |
5.000%, due 9/15/29(a) | | | | | 231,000 | | | | | | 233,310 | | |
WMG Acquisition Corp. | | | | | | | | | | | | | |
3.875%, due 7/15/30‡ | | | | | 250,000 | | | | | | 250,938 | | |
| | | | | | | | | | | 14,475,631 | | |
Real Estate — 3.6% | | ||||||||||||
ESH Hospitality, Inc. | | | | | | | | | | | | | |
4.625%, due 10/1/27‡ | | | | | 150,000 | | | | | | 147,375 | | |
HAT Holdings I LLC / HAT Holdings II LLC | | | | | | | | | | | | | |
5.250%, due 7/15/24‡ | | | | | 100,000 | | | | | | 103,625 | | |
Iron Mountain, Inc. | | | | | | | | | | | | | |
4.875%, due 9/15/27‡ | | | | | 232,000 | | | | | | 236,640 | | |
4.875%, due 9/15/29‡ | | | | | 171,000 | | | | | | 171,855 | | |
5.000%, due 7/15/28‡ | | | | | 400,000 | | | | | | 408,000 | | |
5.250%, due 3/15/28‡ | | | | | 171,000 | | | | | | 175,275 | | |
5.250%, due 7/15/30‡ | | | | | 100,000 | | | | | | 102,250 | | |
5.625%, due 7/15/32‡ | | | | | 325,000 | | | | | | 334,750 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Real Estate (continued) | | ||||||||||||
MGM Growth Properties Operating Partnership LP / MGP Finance Co.-Issuer, Inc. | | | | | | | | | | | | | |
4.500%, due 9/1/26 | | | | $ | 95,000 | | | | | $ | 96,425 | | |
4.625%, due 6/15/25‡ | | | | | 200,000 | | | | | | 203,000 | | |
5.625%, due 5/1/24(a) | | | | | 251,000 | | | | | | 263,236 | | |
5.750%, due 2/1/27 | | | | | 159,000 | | | | | | 171,322 | | |
SBA Communications Corp. | | | | | | | | | | | | | |
3.875%, due 2/15/27‡ | | | | | 297,000 | | | | | | 301,455 | | |
4.000%, due 10/1/22 | | | | | 100,000 | | | | | | 100,875 | | |
VICI Properties LP / VICI Note Co., Inc. | | | | | | | | | | | | | |
3.500%, due 2/15/25‡ | | | | | 153,000 | | | | | | 153,765 | | |
3.750%, due 2/15/27‡ | | | | | 158,000 | | | | | | 158,395 | | |
4.125%, due 8/15/30‡ | | | | | 230,000 | | | | | | 232,875 | | |
4.250%, due 12/1/26‡ | | | | | 261,000 | | | | | | 265,568 | | |
4.625%, due 12/1/29‡ | | | | | 202,000 | | | | | | 209,828 | | |
| | | | | | | | | | | 3,836,514 | | |
Telecommunication Services — 5.4% | | ||||||||||||
Cablevision Lightpath LLC | | | | | | | | | | | | | |
3.875%, due 9/15/27‡ | | | | | 100,000 | | | | | | 99,250 | | |
CenturyLink, Inc. | | | | | | | | | | | | | |
4.000%, due 2/15/27‡ | | | | | 257,000 | | | | | | 261,819 | | |
5.125%, due 12/15/26‡ | | | | | 301,000 | | | | | | 307,772 | | |
5.800%, due 3/15/22 | | | | | 174,000 | | | | | | 180,960 | | |
6.450%, due 6/15/21 | | | | | 264,000 | | | | | | 270,270 | | |
7.500%, due 4/1/24 | | | | | 241,000 | | | | | | 264,497 | | |
Hughes Satellite Systems Corp. | | | | | | | | | | | | | |
6.625%, due 8/1/26 | | | | | 158,000 | | | | | | 171,430 | | |
Level 3 Financing, Inc. | | | | | | | | | | | | | |
3.625%, due 1/15/29‡ | | | | | 150,000 | | | | | | 145,125 | | |
4.250%, due 7/1/28‡ | | | | | 275,000 | | | | | | 279,125 | | |
4.625%, due 9/15/27‡ | | | | | 176,000 | | | | | | 179,520 | | |
Sprint Capital Corp. | | | | | | | | | | | | | |
6.875%, due 11/15/28 | | | | | 263,000 | | | | | | 332,695 | | |
8.750%, due 3/15/32 | | | | | 284,000 | | | | | | 424,935 | | |
Sprint Communications, Inc. | | | | | | | | | | | | | |
6.000%, due 11/15/22 | | | | | 254,000 | | | | | | 271,145 | | |
Sprint Corp. | | | | | | | | | | | | | |
7.125%, due 6/15/24 | | | | | 258,000 | | | | | | 296,700 | | |
7.250%, due 9/15/21 | | | | | 261,000 | | | | | | 271,440 | | |
7.625%, due 2/15/25 | | | | | 321,000 | | | | | | 379,181 | | |
7.625%, due 3/1/26 | | | | | 125,000 | | | | | | 152,188 | | |
7.875%, due 9/15/23 | | | | | 559,000 | | | | | | 637,260 | | |
T-Mobile USA, Inc. | | | | | | | | | | | | | |
4.000%, due 4/15/22 | | | | | 140,000 | | | | | | 144,200 | | |
4.750%, due 2/1/28 | | | | | 136,000 | | | | | | 145,180 | | |
5.125%, due 4/15/25 | | | | | 90,000 | | | | | | 92,138 | | |
5.375%, due 4/15/27 | | | | | 93,000 | | | | | | 99,278 | | |
ViaSat, Inc. | | | | | | | | | | | | | |
5.625%, due 4/15/27‡ | | | | | 148,000 | | | | | | 155,030 | | |
Zayo Group Holdings, Inc. | | | | | | | | | | | | | |
4.000%, due 3/1/27‡ | | | | | 305,000 | | | | | | 298,900 | | |
| | | | | | | | | | | 5,860,038 | | |
|
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Transportation — 0.6% | | ||||||||||||
Delta Air Lines, Inc. | | | | | | | | | | | | | |
3.625%, due 3/15/22 | | | | $ | 200,000 | | | | | $ | 195,500 | | |
XPO Logistics, Inc. | | | | | | | | | | | | | |
6.250%, due 5/1/25‡ | | | | | 230,000 | | | | | | 244,375 | | |
6.750%, due 8/15/24‡ | | | | | 231,000 | | | | | | 244,571 | | |
| | | | | | | | | | | 684,446 | | |
Utilities — 3.9% | | ||||||||||||
AES Corp. (The) | | | | | | | | | | | | | |
5.125%, due 9/1/27 | | | | | 95,000 | | | | | | 101,531 | | |
Calpine Corp. | | | | | | | | | | | | | |
4.500%, due 2/15/28‡ | | | | | 266,000 | | | | | | 269,990 | | |
4.625%, due 2/1/29‡ | | | | | 400,000 | | | | | | 404,000 | | |
5.125%, due 3/15/28‡ | | | | | 295,000 | | | | | | 303,850 | | |
5.250%, due 6/1/26‡ | | | | | 236,000 | | | | | | 242,195 | | |
Clearway Energy Operating LLC | | | | | | | | | | | | | |
4.750%, due 3/15/28‡ | | | | | 153,000 | | | | | | 161,032 | | |
5.750%, due 10/15/25 | | | | | 180,000 | | | | | | 188,550 | | |
DPL, Inc. | | | | | | | | | | | | | |
4.125%, due 7/1/25‡ | | | | | 75,000 | | | | | | 78,000 | | |
NextEra Energy Operating Partners LP | | | | | | | | | | | | | |
3.875%, due 10/15/26‡ | | | | | 97,000 | | | | | | 100,826 | | |
4.250%, due 7/15/24‡ | | | | | 178,000 | | | | | | 186,900 | | |
4.250%, due 9/15/24‡ | | | | | 130,000 | | | | | | 135,525 | | |
4.500%, due 9/15/27‡ | | | | | 100,000 | | | | | | 109,500 | | |
NRG Energy, Inc. | | | | | | | | | | | | | |
5.250%, due 6/15/29‡ | | | | | 172,000 | | | | | | 186,835 | | |
5.750%, due 1/15/28 | | | | | 197,000 | | | | | | 212,021 | | |
6.625%, due 1/15/27 | | | | | 247,000 | | | | | | 259,350 | | |
TerraForm Power Operating LLC | | | | | | | | | | | | | |
4.250%, due 1/31/23‡ | | | | | 202,000 | | | | | | 206,545 | | |
4.750%, due 1/15/30‡ | | | | | 128,000 | | | | | | 137,600 | | |
5.000%, due 1/31/28‡ | | | | | 145,000 | | | | | | 159,681 | | |
Vistra Operations Co. LLC | | | | | | | | | | | | | |
5.000%, due 7/31/27‡ | | | | | 255,000 | | | | | | 265,838 | | |
5.500%, due 9/1/26‡ | | | | | 241,000 | | | | | | 250,038 | | |
5.625%, due 2/15/27‡ | | | | | 247,000 | | | | | | 258,115 | | |
| | | | | | | | | | | 4,217,922 | | |
Total Corporate Bonds (Cost $92,195,247) | | | | | | | | | | | 93,785,919 | | |
Foreign Bonds — 11.0% | | ||||||||||||
Consumer Discretionary — 1.9% | | ||||||||||||
1011778 BC ULC / New Red Finance, Inc., (Canada) | | | | | | | | | | | | | |
3.875%, due 1/15/28‡ | | | | | 182,000 | | | | | | 183,820 | | |
4.000%, due 10/15/30‡ | | | | | 300,000 | | | | | | 298,500 | | |
4.250%, due 5/15/24‡ | | | | | 317,000 | | | | | | 323,340 | | |
4.375%, due 1/15/28‡ | | | | | 148,000 | | | | | | 149,850 | | |
5.750%, due 4/15/25‡ | | | | | 90,000 | | | | | | 95,850 | | |
Fiat Chrysler Automobiles NV, (United Kingdom) | | | | | | | | | | | | | |
5.250%, due 4/15/23 | | | | | 326,000 | | | | | | 344,745 | | |
Parkland Corp., (Canada) | | | | | | | | | | | | | |
5.875%, due 7/15/27‡ | | | | | 92,000 | | | | | | 94,875 | | |
6.000%, due 4/1/26‡ | | | | | 94,000 | | | | | | 97,525 | | |
| | | Principal Amount | | | Value | | ||||||
Foreign Bonds (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
Stars Group Holdings BV / Stars Group US Co.-Borrower LLC, (Canada) | | | | | | | | | | | | | |
7.000%, due 7/15/26‡ | | | | $ | 185,000 | | | | | $ | 194,712 | | |
ZF North America Capital, Inc., (Germany) | | | | | | | | | | | | | |
4.750%, due 4/29/25‡ | | | | | 235,000 | | | | | | 243,225 | | |
| | | | | | | | | | | 2,026,442 | | |
Consumer Staples — 0.8% | | ||||||||||||
JBS USA LUX SA / JBS USA Finance, Inc., (Brazil) | | | | | | | | | | | | | |
6.750%, due 2/15/28‡ | | | | | 255,000 | | | | | | 279,863 | | |
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., (Brazil) | | | | | | | | | | | | | |
5.500%, due 1/15/30‡ | | | | | 256,000 | | | | | | 279,040 | | |
6.500%, due 4/15/29‡ | | | | | 280,000 | | | | | | 314,300 | | |
| | | | | | | | | | | 873,203 | | |
Energy — 0.6% | | ||||||||||||
Cenovus Energy, Inc., (Canada) | | | | | | | | | | | | | |
4.250%, due 4/15/27 | | | | | 200,000 | | | | | | 203,500 | | |
5.250%, due 6/15/37 | | | | | 125,000 | | | | | | 122,500 | | |
5.400%, due 6/15/47 | | | | | 180,000 | | | | | | 177,750 | | |
Methanex Corp., (Canada) | | | | | | | | | | | | | |
5.125%, due 10/15/27 | | | | | 150,000 | | | | | | 152,250 | | |
| | | | | | | | | | | 656,000 | | |
Industrials — 1.2% | | ||||||||||||
Garda World Security Corp., (Canada) | | | | | | | | | | | | | |
4.625%, due 2/15/27‡ | | | | | 94,000 | | | | | | 92,355 | | |
GFL Environmental, Inc., (Canada) | | | | | | | | | | | | | |
3.750%, due 8/1/25‡ | | | | | 150,000 | | | | | | 150,000 | | |
5.125%, due 12/15/26‡ | | | | | 243,000 | | | | | | 254,239 | | |
Mattamy Group Corp., (Canada) | | | | | | | | | | | | | |
4.625%, due 3/1/30‡ | | | | | 145,000 | | | | | | 147,719 | | |
5.250%, due 12/15/27‡ | | | | | 93,000 | | | | | | 98,347 | | |
Rolls-Royce PLC, (United Kingdom) | | | | | | | | | | | | | |
3.625%, due 10/14/25‡ | | | | | 200,000 | | | | | | 189,817 | | |
Vertical US Newco, Inc., (Germany) | | | | | | | | | | | | | |
5.250%, due 7/15/27‡ | | | | | 325,000 | | | | | | 333,531 | | |
| | | | | | | | | | | 1,266,008 | | |
Information Technology — 1.0% | | ||||||||||||
Nokia OYJ, (Finland) | | | | | | | | | | | | | |
3.375%, due 6/12/22 | | | | | 81,000 | | | | | | 82,721 | | |
4.375%, due 6/12/27 | | | | | 138,000 | | | | | | 145,935 | | |
Open Text Corp., (Canada) | | | | | | | | | | | | | |
3.875%, due 2/15/28‡ | | | | | 188,000 | | | | | | 190,820 | | |
5.875%, due 6/1/26‡ | | | | | 155,000 | | | | | | 161,200 | | |
Open Text Holdings, Inc., (Canada) | | | | | | | | | | | | | |
4.125%, due 2/15/30‡ | | | | | 222,000 | | | | | | 230,880 | | |
Telefonaktiebolaget LM Ericsson, (Sweden) | | | | | | | | | | | | | |
4.125%, due 5/15/22 | | | | | 238,000 | | | | | | 245,438 | | |
| | | | | | | | | | | 1,056,994 | | |
|
| | | Principal Amount | | | Value | | ||||||
Foreign Bonds (continued) | | ||||||||||||
Materials — 2.1% | | ||||||||||||
ArcelorMittal SA, (Luxembourg) | | | | | | | | | | | | | |
3.600%, due 7/16/24 | | | | $ | 155,000 | | | | | $ | 161,200 | | |
4.250%, due 7/16/29 | | | | | 200,000 | | | | | | 211,250 | | |
4.550%, due 3/11/26 | | | | | 40,000 | | | | | | 42,900 | | |
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., (Ireland) | | | | | | | | | | | | | |
4.125%, due 8/15/26‡ | | | | | 323,000 | | | | | | 331,075 | | |
5.250%, due 4/30/25‡ | | | | | 150,000 | | | | | | 156,937 | | |
5.250%, due 8/15/27‡ | | | | | 357,000 | | | | | | 367,036 | | |
FMG Resources August 2006 Pty Ltd., (Australia) | | | | | | | | | | | | | |
4.500%, due 9/15/27‡ | | | | | 152,000 | | | | | | 161,500 | | |
4.750%, due 5/15/22‡ | | | | | 184,000 | | | | | | 187,680 | | |
5.125%, due 3/15/23‡ | | | | | 65,000 | | | | | | 67,681 | | |
5.125%, due 5/15/24‡(a) | | | | | 148,000 | | | | | | 157,805 | | |
OCI NV, (Netherlands) | | | | | | | | | | | | | |
5.250%, due 11/1/24‡ | | | | | 125,000 | | | | | | 127,813 | | |
Trivium Packaging Finance BV, (Netherlands) | | | | | | | | | | | | | |
5.500%, due 8/15/26‡ | | | | | 230,000 | | | | | | 240,350 | | |
| | | | | | | | | | | 2,213,227 | | |
Media — 1.9% | | ||||||||||||
Telenet Finance Luxembourg Notes SARL, (Belgium) | | | | | | | | | | | | | |
5.500%, due 3/1/28‡ | | | | | 200,000 | | | | | | 210,000 | | |
UPC Holding BV, (Netherlands) | | | | | | | | | | | | | |
5.500%, due 1/15/28‡ | | | | | 100,000 | | | | | | 103,000 | | |
Videotron Ltd., (Canada) | | | | | | | | | | | | | |
5.125%, due 4/15/27‡ | | | | | 146,000 | | | | | | 154,395 | | |
Virgin Media Finance PLC, (United Kingdom) | | | | | | | | | | | | | |
5.000%, due 7/15/30‡ | | | | | 175,000 | | | | | | 173,906 | | |
Virgin Media Secured Finance PLC, (United Kingdom) | | | | | | | | | | | | | |
4.500%, due 8/15/30‡ | | | | | 150,000 | | | | | | 155,250 | | |
5.500%, due 8/15/26‡ | | | | | 87,000 | | | | | | 90,480 | | |
5.500%, due 5/15/29‡ | | | | | 315,000 | | | | | | 336,656 | | |
Ziggo Bond Co. BV, (Netherlands) | | | | | | | | | | | | | |
5.125%, due 2/28/30‡ | | | | | 90,000 | | | | | | 92,362 | | |
6.000%, due 1/15/27‡ | | | | | 158,000 | | | | | | 164,123 | | |
Ziggo BV, (Netherlands) | | | | | | | | | | | | | |
4.875%, due 1/15/30‡ | | | | | 147,000 | | | | | | 152,329 | | |
5.500%, due 1/15/27‡ | | | | | 426,000 | | | | | | 440,910 | | |
| | | | | | | | | | | 2,073,411 | | |
Telecommunication Services — 1.5% | | ||||||||||||
Altice France SA, (France) | | | | | | | | | | | | | |
5.500%, due 1/15/28‡ | | | | | 242,000 | | | | | | 244,420 | | |
Telecom Italia Capital SA, (Italy) | | | | | | | | | | | | | |
6.000%, due 9/30/34 | | | | | 237,000 | | | | | | 274,624 | | |
7.200%, due 7/18/36 | | | | | 197,000 | | | | | | 247,974 | | |
7.721%, due 6/4/38 | | | | | 217,000 | | | | | | 295,391 | | |
Telecom Italia SpA, (Italy) | | | | | | | | | | | | | |
5.303%, due 5/30/24‡ | | | | | 285,000 | | | | | | 307,460 | | |
| | | Principal Amount | | | Value | | ||||||
Foreign Bonds (continued) | | ||||||||||||
Telecommunication Services (continued) | | ||||||||||||
Vmed O2 UK Financing I PLC, (United Kingdom) | | | | | | | | | | | | | |
4.250%, due 1/31/31‡ | | | | $ | 300,000 | | | | | $ | 300,000 | | |
| | | | | | | | | | | 1,669,869 | | |
Total Foreign Bonds (Cost $11,615,540) | | | | | | | | | | | 11,835,154 | | |
Short-Term Investments — 3.1% | | | | | | | | | | | | | |
| | | Shares | | | | | | | | |||
Money Market Funds — 3.1% | | | | | | | | | | | | | |
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 0.01%(b) | | | | | 2,355,055 | | | | | | 2,355,055 | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 968,842 | | | | | | 968,842 | | |
Total Short-Term Investments (Cost $3,323,897) | | | | | | | | | | | 3,323,897 | | |
| | | Shares | | | Value | | |||
Total Investments — 101.2% (Cost $107,134,684) | | | | | | | $ | 108,944,970 | | |
Other Assets and Liabilities, Net — (1.2)% | | | | | | | | (1,306,236) | | |
Net Assets — 100.0% | | | | | | | $ | 107,638,734 | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate Bonds | | | | $ | — | | | | | $ | 93,785,919 | | | | | $ | — | | | | | $ | 93,785,919 | | |
Foreign Bonds | | | | | — | | | | | | 11,835,154 | | | | | | — | | | | | | 11,835,154 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 3,323,897 | | | | | | — | | | | | | — | | | | | | 3,323,897 | | |
Total Investments in Securities | | | | $ | 3,323,897 | | | | | $ | 105,621,073 | | | | | $ | — | | | | | $ | 108,944,970 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 71.2% | | ||||||||||||
Communication Services — 6.5% | | ||||||||||||
Cincinnati Bell, Inc.* | | | | | 953,724 | | | | | $ | 14,353,546 | | |
GCI Liberty, Inc., Class A* | | | | | 118,952 | | | | | | 9,662,471 | | |
Leyou Technologies Holdings Ltd.* | | | | | 3,043,634 | | | | | | 1,283,414 | | |
Sunrise Communications Group AG‡*(a) | | | | | 196,246 | | | | | | 23,616,752 | | |
Total Communication Services | | | | | | | | | | | 48,916,183 | | |
Consumer Discretionary — 20.6% | | ||||||||||||
Grubhub, Inc.* | | | | | 512,004 | | | | | | 37,867,816 | | |
NetEnt AB* | | | | | 3,866,340 | | | | | | 36,703,766 | | |
Tiffany & Co. | | | | | 307,443 | | | | | | 40,225,842 | | |
William Hill PLC* | | | | | 10,981,597 | | | | | | 38,962,629 | | |
Total Consumer Discretionary | | | | | | | | | | | 153,760,053 | | |
Consumer Staples — 0.3% | | ||||||||||||
METRO AG | | | | | 224,262 | | | | | | 2,199,569 | | |
Energy — 2.8% | | ||||||||||||
WPX Energy, Inc.* | | | | | 4,481,709 | | | | | | 20,660,678 | | |
Financials — 7.9% | | ||||||||||||
Dime Community Bancshares, Inc. | | | | | 208,919 | | | | | | 2,642,825 | | |
Hastings Group Holdings PLC‡ | | | | | 659,879 | | | | | | 2,127,940 | | |
Hitachi Capital Corp. | | | | | 222,511 | | | | | | 4,682,650 | | |
National General Holdings Corp. | | | | | 517,424 | | | | | | 17,576,893 | | |
Willis Towers Watson PLC | | | | | 175,487 | | | | | | 32,022,868 | | |
Total Financials | | | | | | | | | | | 59,053,176 | | |
Health Care — 9.8% | | ||||||||||||
Varian Medical Systems, Inc.* | | | | | 222,480 | | | | | | 38,444,544 | | |
Wright Medical Group NV*(a) | | | | | 1,121,720 | | | | | | 34,313,415 | | |
Total Health Care | | | | | | | | | | | 72,757,959 | | |
Industrials — 7.6% | | ||||||||||||
BMC Stock Holdings, Inc.* | | | | | 92,841 | | | | | | 3,675,575 | | |
CoreLogic, Inc. | | | | | 515,046 | | | | | | 39,622,489 | | |
G4S PLC* | | | | | 2,531,189 | | | | | | 6,679,842 | | |
Neles OYJ | | | | | 495,724 | | | | | | 6,637,717 | | |
Total Industrials | | | | | | | | | | | 56,615,623 | | |
Information Technology — 12.7% | | ||||||||||||
Fitbit, Inc., Class A* | | | | | 4,481,915 | | | | | | 31,552,681 | | |
Maxim Integrated Products, Inc. | | | | | 621,244 | | | | | | 43,269,645 | | |
MobileIron, Inc.* | | | | | 1,652,242 | | | | | | 11,631,784 | | |
Virtusa Corp.* | | | | | 157,796 | | | | | | 7,937,139 | | |
Total Information Technology | | | | | | | | | | | 94,391,249 | | |
Materials — 1.4% | | ||||||||||||
Highland Gold Mining Ltd. | | | | | 2,705,245 | | | | | | 10,479,657 | | |
Real Estate — 1.6% | | ||||||||||||
Jernigan Capital, Inc. | | | | | 97,744 | | | | | | 1,689,994 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Real Estate (continued) | | ||||||||||||
Northview Apartment Real Estate Investment Trust, Class Trust Unit | | | | | 370,794 | | | | | $ | 10,044,684 | | |
Total Real Estate | | | | | | | | | | | 11,734,678 | | |
Total Common Stocks | | ||||||||||||
(Cost $520,019,141) | | | | | | | | | | | 530,568,825 | | |
Investment Companies — 9.4% | | ||||||||||||
U.S. Ultra Short Term Bond Funds — 9.4% | | ||||||||||||
IQ Ultra Short Duration ETF† | | | | | 40,648 | | | | | | 2,018,986 | | |
iShares Short Treasury Bond ETF(a) | | | | | 299,285 | | | | | | 33,130,849 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 377,335 | | | | | | 34,537,473 | | |
Total U.S. Ultra Short Term Bond Funds | | | | | | | | | | | 69,687,308 | | |
Total Investment Companies (Cost $69,678,817) | | | | | | | | | | | 69,687,308 | | |
Short-Term Investments — 22.0% | | ||||||||||||
Money Market Funds — 22.0% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 17,090,918 | | | | | | 17,090,918 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) | | | | | 146,964,217 | | | | | | 146,964,217 | | |
Total Short-Term Investments (Cost $164,055,135) | | | | | | | | | | | 164,055,135 | | |
Total Investments — 102.6% (Cost $753,753,093) | | | | | | | | | | | 764,311,268 | | |
Other Assets and Liabilities, Net — (2.6)% | | | | | | | | | | | (19,964,496) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 744,346,772 | | |
|
Total Return Swap contracts outstanding at October 31, 2020: | | |||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Floating Rate(d) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(e) | | |||||||||
Communication Services Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | $ | (4,835,693) | | | | | $ | — | | |
Communication Services Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.35 | | | | | 2/02/2022 | | | | Monthly | | | | | (4,835,634) | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | | (18,078,555) | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 2/02/2022 | | | | Monthly | | | | | (18,078,555) | | | | | | — | | |
Industrial Select Sector SPDR Fund | | | Morgan Stanley | | | 1-Day FEDEF - 0.15% | | | | | 2/02/2022 | | | | Monthly | | | | | (3,888,262) | | | | | | — | | |
iShares MSCI Japan ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | | (2,549,340) | | | | | | — | | |
iShares MSCI Japan ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 2/02/2022 | | | | Monthly | | | | | (2,549,340) | | | | | | — | | |
iShares PHLX Semiconductor ETF | | | Morgan Stanley | | | 1-Day FEDEF - 1.34% | | | | | 2/02/2022 | | | | Monthly | | | | | (41,926,519) | | | | | | — | | |
SPDR S&P Oil & Gas Exploration & Production ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | | (10,542,035) | | | | | | — | | |
SPDR S&P Oil & Gas Exploration & Production ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.35% | | | | | 2/02/2022 | | | | Monthly | | | | | (10,542,035) | | | | | | — | | |
SPDR S&P Regional Banking ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | | (1,285,320) | | | | | | — | | |
SPDR S&P Regional Banking ETF | | | Morgan Stanley | | | 1-Day FEDEF - 0.75% | | | | | 2/02/2022 | | | | Monthly | | | | | (1,285,320) | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 8/31/2021 | | | | Monthly | | | | | (32,984,640) | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | 1-Day FEDEF | | | | | 2/02/2022 | | | | Monthly | | | | | (32,984,640) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 530,568,825 | | | | | $ | — | | | | | $ | — | | | | | $ | 530,568,825 | | |
Investment Companies | | | | | 69,687,308 | | | | | | — | | | | | | — | | | | | | 69,687,308 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 164,055,135 | | | | | | — | | | | | | — | | | | | | 164,055,135 | | |
Total Investments in Securities | | | | | 764,311,268 | | | | | | — | | | | | | — | | | | | | 764,311,268 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 764,311,268 | | | | | $ | — | | | | | $ | — | | | | | $ | 764,311,268 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 59,392 | | | | | | 2,936,934 | | | | | | 2,617,753 | | | | | | (3,564,852) | | | | | | 28,991 | | | | | | 160 | | | | | | 22,488 | | | | | | — | | | | | | 40,648 | | | | | | 2,018,986 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks — 89.4% | | ||||||||||||
Australia — 7.7% | | ||||||||||||
BHP Group Ltd. | | | | | 18,859 | | | | | $ | 447,373 | | |
Evolution Mining Ltd. | | | | | 16,079 | | | | | | 62,555 | | |
Fortescue Metals Group Ltd. | | | | | 9,979 | | | | | | 121,725 | | |
GrainCorp Ltd., Class A* | | | | | 3,402 | | | | | | 8,457 | | |
IGO Ltd. | | | | | 6,565 | | | | | | 20,470 | | |
Iluka Resources Ltd. | | | | | 1,623 | | | | | | 5,870 | | |
Inghams Group Ltd.(a) | | | | | 13,739 | | | | | | 27,594 | | |
Mineral Resources Ltd. | | | | | 714 | | | | | | 12,515 | | |
New Hope Corp., Ltd. | | | | | 21,270 | | | | | | 15,982 | | |
Newcrest Mining Ltd. | | | | | 7,809 | | | | | | 160,348 | | |
Northern Star Resources Ltd. | | | | | 8,369 | | | | | | 87,275 | | |
OceanaGold Corp.* | | | | | 8,071 | | | | | | 10,533 | | |
OZ Minerals Ltd. | | | | | 1,275 | | | | | | 13,305 | | |
Perseus Mining Ltd.* | | | | | 11,659 | | | | | | 9,948 | | |
Regis Resources Ltd. | | | | | 5,019 | | | | | | 14,627 | | |
Rio Tinto PLC | | | | | 4,977 | | | | | | 280,384 | | |
Saracen Mineral Holdings Ltd.* | | | | | 10,105 | | | | | | 40,023 | | |
South32 Ltd. | | | | | 19,775 | | | | | | 28,191 | | |
St. Barbara Ltd. | | | | | 6,882 | | | | | | 12,807 | | |
Washington H Soul Pattinson & Co., Ltd.(a) | | | | | 6,773 | | | | | | 120,526 | | |
Whitehaven Coal Ltd. | | | | | 26,087 | | | | | | 19,510 | | |
Woodside Petroleum Ltd. | | | | | 2,798 | | | | | | 34,425 | | |
Total Australia | | | | | | | | | | | 1,554,443 | | |
Austria — 0.2% | | ||||||||||||
OMV AG | | | | | 909 | | | | | | 20,859 | | |
voestalpine AG(a) | | | | | 586 | | | | | | 16,280 | | |
Total Austria | | | | | | | | | | | 37,139 | | |
Belgium — 0.2% | | ||||||||||||
Umicore SA | | | | | 875 | | | | | | 33,676 | | |
Brazil — 1.4% | | ||||||||||||
Wheaton Precious Metals Corp. | | | | | 3,942 | | | | | | 180,758 | | |
Yara International ASA | | | | | 2,720 | | | | | | 94,614 | | |
Total Brazil | | | | | | | | | | | 275,372 | | |
Burkina Faso — 0.1% | | ||||||||||||
IAMGOLD Corp.* | | | | | 5,002 | | | | | | 18,307 | | |
Canada — 12.4% | | ||||||||||||
Agnico Eagle Mines Ltd. | | | | | 2,428 | | | | | | 192,058 | | |
Alamos Gold, Inc., Class A | | | | | 3,859 | | | | | | 35,223 | | |
B2Gold Corp. | | | | | 11,564 | | | | | | 74,327 | | |
Barrick Gold Corp. | | | | | 15,724 | | | | | | 420,061 | | |
Canadian Natural Resources Ltd. | | | | | 4,138 | | | | | | 65,793 | | |
Enbridge, Inc. | | | | | 4,796 | | | | | | 132,044 | | |
First Majestic Silver Corp.* | | | | | 2,159 | | | | | | 22,070 | | |
Imperial Oil Ltd. | | | | | 2,668 | | | | | | 35,457 | | |
Kinross Gold Corp. | | | | | 13,381 | | | | | | 106,378 | | |
Kirkland Lake Gold Ltd. | | | | | 1,956 | | | | | | 89,046 | | |
Labrador Iron Ore Royalty Corp. | | | | | 239 | | | | | | 4,390 | | |
Maple Leaf Foods, Inc. | | | | | 3,797 | | | | | | 69,085 | | |
Norbord, Inc. | | | | | 3,930 | | | | | | 129,010 | | |
Nutrien Ltd. | | | | | 5,929 | | | | | | 240,833 | | |
Osisko Gold Royalties Ltd. | | | | | 1,473 | | | | | | 16,461 | | |
Pan American Silver Corp. | | | | | 2,461 | | | | | | 78,148 | | |
Pembina Pipeline Corp. | | | | | 1,948 | | | | | | 40,747 | | |
Pretium Resources, Inc.* | | | | | 1,969 | | | | | | 23,997 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Canada (continued) | | ||||||||||||
Sandstorm Gold Ltd.* | | | | | 1,760 | | | | | $ | 12,989 | | |
SSR Mining, Inc.* | | | | | 2,581 | | | | | | 47,735 | | |
Suncor Energy, Inc. | | | | | 4,900 | | | | | | 55,235 | | |
TC Energy Corp. | | | | | 2,039 | | | | | | 80,193 | | |
Teck Resources Ltd., Class B | | | | | 17,061 | | | | | | 224,051 | | |
Torex Gold Resources, Inc.* | | | | | 995 | | | | | | 13,402 | | |
TransAlta Corp. | | | | | 9,320 | | | | | | 55,220 | | |
Wesdome Gold Mines Ltd.* | | | | | 1,424 | | | | | | 14,087 | | |
West Fraser Timber Co., Ltd. | | | | | 2,887 | | | | | | 133,789 | | |
Westshore Terminals Investment Corp. | | | | | 1,764 | | | | | | 17,715 | | |
Yamana Gold, Inc. | | | | | 11,356 | | | | | | 63,110 | | |
Total Canada | | | | | | | | | | | 2,492,654 | | |
Chile — 0.3% | | ||||||||||||
Antofagasta PLC | | | | | 3,038 | | | | | | 40,440 | | |
Lundin Mining Corp. | | | | | 3,063 | | | | | | 18,493 | | |
Total Chile | | | | | | | | | | | 58,933 | | |
China — 9.1% | | ||||||||||||
Ausnutria Dairy Corp., Ltd.* | | | | | 54,530 | | | | | | 77,771 | | |
China Coal Energy Co., Ltd., Class H | | | | | 360,058 | | | | | | 87,753 | | |
China Hongqiao Group Ltd. | | | | | 32,891 | | | | | | 23,752 | | |
China Molybdenum Co., Ltd., Class H | | | | | 87,752 | | | | | | 31,797 | | |
China Petroleum & Chemical Corp., Class H | | | | | 220,703 | | | | | | 85,665 | | |
China Shenhua Energy Co., Ltd., Class H | | | | | 422,094 | | | | | | 729,358 | | |
CNOOC Ltd. | | | | | 107,132 | | | | | | 97,256 | | |
COFCO Joycome Foods Ltd. | | | | | 118,338 | | | | | | 38,455 | | |
Dali Foods Group Co., Ltd.‡ | | | | | 112,707 | | | | | | 69,762 | | |
Guangdong Investment Ltd. | | | | | 34,710 | | | | | | 51,383 | | |
MMG Ltd.* | | | | | 34,955 | | | | | | 8,249 | | |
PetroChina Co., Ltd., Class H | | | | | 355,510 | | | | | | 99,481 | | |
Southern Energy Holdings Group Ltd.*(b) | | | | | 53,183 | | | | | | 4,663 | | |
Wilmar International Ltd. | | | | | 69,084 | | | | | | 204,393 | | |
Zhaojin Mining Industry Co., Ltd., Class H | | | | | 32,309 | | | | | | 41,455 | | |
Zijin Mining Group Co., Ltd., Class H | | | | | 255,548 | | | | | | 184,868 | | |
Total China | | | | | | | | | | | 1,836,061 | | |
Egypt — 0.1% | | ||||||||||||
Centamin PLC | | | | | 10,763 | | | | | | 17,250 | | |
Finland — 4.3% | | ||||||||||||
Kemira OYJ | | | | | 4,251 | | | | | | 52,538 | | |
Neste OYJ(a) | | | | | 1,642 | | | | | | 85,459 | | |
Stora Enso OYJ, Class R | | | | | 19,579 | | | | | | 285,652 | | |
UPM-Kymmene OYJ | | | | | 12,635 | | | | | | 357,056 | | |
Valmet OYJ | | | | | 3,834 | | | | | | 91,464 | | |
Total Finland | | | | | | | | | | | 872,169 | | |
France — 1.6% | | ||||||||||||
Suez SA | | | | | 5,218 | | | | | | 95,549 | | |
TOTAL SE | | | | | 5,185 | | | | | | 155,946 | | |
Veolia Environnement SA | | | | | 4,051 | | | | | | 75,454 | | |
Total France | | | | | | | | | | | 326,949 | | |
Germany — 0.3% | | ||||||||||||
Aurubis AG | | | | | 155 | | | | | | 9,920 | | |
Suedzucker AG | | | | | 1,920 | | | | | | 27,643 | | |
Uniper SE | | | | | 805 | | | | | | 24,061 | | |
Total Germany | | | | | | | | | | | 61,624 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Hong Kong — 0.0%(c) | | ||||||||||||
Nissin Foods Co., Ltd. | | | | | 9,487 | | | | | $ | 8,894 | | |
Indonesia — 0.3% | | ||||||||||||
First Pacific Co., Ltd. | | | | | 56,908 | | | | | | 17,612 | | |
First Resources Ltd. | | | | | 18,452 | | | | | | 16,351 | | |
Golden Agri-Resources Ltd. | | | | | 160,128 | | | | | | 16,534 | | |
Total Indonesia | | | | | | | | | | | 50,497 | | |
Italy — 0.3% | | ||||||||||||
Eni SpA | | | | | 8,021 | | | | | | 56,162 | | |
Ivory Coast — 0.1% | | ||||||||||||
Endeavour Mining Corp.* | | | | | 1,162 | | | | | | 28,480 | | |
Japan — 2.9% | | ||||||||||||
Fuji Oil Holdings, Inc. | | | | | 715 | | | | | | 22,570 | | |
Hoshizaki Corp. | | | | | 444 | | | | | | 35,379 | | |
Inpex Corp. | | | | | 4,110 | | | | | | 19,343 | | |
Itoham Yonekyu Holdings, Inc. | | | | | 9,207 | | | | | | 61,474 | | |
JFE Holdings, Inc.* | | | | | 2,499 | | | | | | 17,403 | | |
Kewpie Corp. | | | | | 1,140 | | | | | | 23,315 | | |
NH Foods Ltd. | | | | | 3,705 | | | | | | 151,333 | | |
Nichirei Corp. | | | | | 1,041 | | | | | | 26,169 | | |
Nippon Flour Mills Co., Ltd. | | | | | 634 | | | | | | 10,152 | | |
Nippon Steel Corp.* | | | | | 3,684 | | | | | | 35,469 | | |
Nisshin Oillio Group Ltd. (The) | | | | | 265 | | | | | | 7,595 | | |
Nisshin Seifun Group, Inc.(a) | | | | | 2,613 | | | | | | 39,268 | | |
Prima Meat Packers Ltd. | | | | | 1,514 | | | | | | 42,984 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 1,014 | | | | | | 31,262 | | |
Toyo Suisan Kaisha Ltd. | | | | | 726 | | | | | | 36,113 | | |
UACJ Corp. | | | | | 180 | | | | | | 2,832 | | |
Yamazaki Baking Co., Ltd.(a) | | | | | 1,532 | | | | | | 25,147 | | |
Total Japan | | | | | | | | | | | 587,808 | | |
Kazakhstan — 0.1% | | ||||||||||||
KAZ Minerals PLC | | | | | 1,738 | | | | | | 14,158 | | |
Kyrgyzstan — 0.1% | | ||||||||||||
Centerra Gold, Inc. | | | | | 2,658 | | | | | | 23,204 | | |
Luxembourg — 0.3% | | ||||||||||||
ArcelorMittal SA* | | | | | 4,600 | | | | | | 62,435 | | |
Mexico — 0.4% | | ||||||||||||
Fresnillo PLC | | | | | 5,862 | | | | | | 88,112 | | |
Netherlands — 1.3% | | ||||||||||||
OCI NV*(a) | | | | | 2,532 | | | | | | 30,349 | | |
Royal Dutch Shell PLC, Class B | | | | | 18,362 | | | | | | 220,564 | | |
Total Netherlands | | | | | | | | | | | 250,913 | | |
New Zealand — 0.4% | | ||||||||||||
Fletcher Building Ltd.* | | | | | 27,267 | | | | | | 73,885 | | |
Norway — 0.6% | | ||||||||||||
Equinor ASA | | | | | 7,303 | | | | | | 92,636 | | |
Norsk Hydro ASA* | | | | | 8,215 | | | | | | 22,972 | | |
Total Norway | | | | | | | | | | | 115,608 | | |
Peru — 0.9% | | ||||||||||||
Hochschild Mining PLC* | | | | | 6,733 | | | | | | 19,153 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Peru (continued) | | ||||||||||||
Hudbay Minerals, Inc. | | | | | 1,033 | | | | | $ | 4,656 | | |
Nexa Resources SA(a) | | | | | 851 | | | | | | 5,149 | | |
Southern Copper Corp. | | | | | 2,812 | | | | | | 147,180 | | |
Total Peru | | | | | | | | | | | 176,138 | | |
Portugal — 0.3% | | ||||||||||||
Galp Energia SGPS SA | | | | | 1,824 | | | | | | 14,775 | | |
Navigator Co. SA (The)* | | | | | 19,652 | | | | | | 43,288 | | |
Total Portugal | | | | | | | | | | | 58,063 | | |
Russia — 0.7% | | ||||||||||||
Evraz PLC | | | | | 6,482 | | | | | | 30,130 | | |
Highland Gold Mining Ltd. | | | | | 3,409 | | | | | | 13,206 | | |
Polymetal International PLC | | | | | 3,576 | | | | | | 75,807 | | |
United Co. RUSAL International PJSC* | | | | | 67,342 | | | | | | 25,270 | | |
Total Russia | | | | | | | | | | | 144,413 | | |
Singapore — 0.2% | | ||||||||||||
Olam International Ltd. | | | | | 33,578 | | | | | | 31,476 | | |
South Africa — 0.6% | | ||||||||||||
Anglo American PLC | | | | | 4,978 | | | | | | 116,579 | | |
Spain — 0.2% | | ||||||||||||
Ebro Foods SA | | | | | 1,235 | | | | | | 27,650 | | |
Repsol SA | | | | | 3,252 | | | | | | 20,228 | | |
Total Spain | | | | | | | | | | | 47,878 | | |
Sweden — 1.0% | | ||||||||||||
AAK AB* | | | | | 2,310 | | | | | | 45,000 | | |
Boliden AB | | | | | 937 | | | | | | 25,601 | | |
Holmen AB, B Shares | | | | | 3,498 | | | | | | 132,593 | | |
Total Sweden | | | | | | | | | | | 203,194 | | |
Switzerland — 0.3% | | ||||||||||||
Aryzta AG* | | | | | 20,570 | | | | | | 10,350 | | |
Bell Food Group AG | | | | | 209 | | | | | | 53,017 | | |
Total Switzerland | | | | | | | | | | | 63,367 | | |
Turkey — 0.1% | | ||||||||||||
Eldorado Gold Corp.* | | | | | 1,958 | | | | | | 24,524 | | |
United Kingdom — 2.1% | | ||||||||||||
BP PLC | | | | | 44,499 | | | | | | 113,118 | | |
Cranswick PLC | | | | | 1,626 | | | | | | 67,656 | | |
Greggs PLC* | | | | | 1,177 | | | | | | 19,586 | | |
Hilton Food Group PLC | | | | | 2,704 | | | | | | 40,557 | | |
Severn Trent PLC | | | | | 1,456 | | | | | | 45,747 | | |
Spirax-Sarco Engineering PLC | | | | | 428 | | | | | | 62,424 | | |
Tate & Lyle PLC | | | | | 4,494 | | | | | | 34,586 | | |
United Utilities Group PLC | | | | | 4,041 | | | | | | 45,113 | | |
Total United Kingdom | | | | | | | | | | | 428,787 | | |
United States — 38.3% | | ||||||||||||
Alcoa Corp.* | | | | | 1,274 | | | | | | 16,460 | | |
American Water Works Co., Inc. | | | | | 1,017 | | | | | | 153,069 | | |
Andersons, Inc. (The) | | | | | 282 | | | | | | 6,117 | | |
Arch Resources, Inc. | | | | | 615 | | | | | | 18,788 | | |
Archer-Daniels-Midland Co. | | | | | 5,171 | | | | | | 239,107 | | |
Armstrong World Industries, Inc. | | | | | 1,289 | | | | | | 77,211 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United States (continued) | | ||||||||||||
Baker Hughes Co. | | | | | 1,829 | | | | | $ | 27,014 | | |
Builders FirstSource, Inc.* | | | | | 4,588 | | | | | | 139,016 | | |
Bunge Ltd. | | | | | 1,407 | | | | | | 79,819 | | |
Campbell Soup Co. | | | | | 2,560 | | | | | | 119,475 | | |
Carpenter Technology Corp. | | | | | 275 | | | | | | 4,807 | | |
Cheniere Energy, Inc.* | | | | | 714 | | | | | | 34,179 | | |
Chevron Corp. | | | | | 4,451 | | | | | | 309,345 | | |
Cleveland-Cliffs, Inc.(a) | | | | | 1,211 | | | | | | 10,027 | | |
Coeur Mining, Inc.* | | | | | 2,643 | | | | | | 18,686 | | |
Commercial Metals Co. | | | | | 420 | | | | | | 8,673 | | |
Conagra Brands, Inc. | | | | | 3,821 | | | | | | 134,079 | | |
Concho Resources, Inc. | | | | | 576 | | | | | | 23,910 | | |
ConocoPhillips | | | | | 3,133 | | | | | | 89,666 | | |
Diamondback Energy, Inc. | | | | | 691 | | | | | | 17,938 | | |
Dover Corp. | | | | | 962 | | | | | | 106,503 | | |
Ecolab, Inc. | | | | | 1,818 | | | | | | 333,767 | | |
EOG Resources, Inc. | | | | | 1,883 | | | | | | 64,474 | | |
Essential Utilities, Inc. | | | | | 1,271 | | | | | | 52,365 | | |
Exxon Mobil Corp. | | | | | 10,533 | | | | | | 343,586 | | |
Flowers Foods, Inc. | | | | | 1,926 | | | | | | 45,415 | | |
FMC Corp. | | | | | 1,276 | | | | | | 131,096 | | |
Freeport-McMoRan, Inc. | | | | | 6,520 | | | | | | 113,057 | | |
Fresh Del Monte Produce, Inc. | | | | | 413 | | | | | | 8,892 | | |
General Mills, Inc. | | | | | 4,879 | | | | | | 288,447 | | |
Graco, Inc. | | | | | 921 | | | | | | 57,010 | | |
Halliburton Co. | | | | | 3,982 | | | | | | 48,023 | | |
Hecla Mining Co. | | | | | 6,405 | | | | | | 29,335 | | |
Hess Corp. | | | | | 945 | | | | | | 35,173 | | |
Hormel Foods Corp. | | | | | 15,963 | | | | | | 777,238 | | |
IDEX Corp. | | | | | 443 | | | | | | 75,483 | | |
Ingredion, Inc. | | | | | 639 | | | | | | 45,299 | | |
International Paper Co. | | | | | 9,911 | | | | | | 433,606 | | |
J & J Snack Foods Corp. | | | | | 217 | | | | | | 29,419 | | |
John Bean Technologies Corp. | | | | | 359 | | | | | | 30,145 | | |
Kellogg Co. | | | | | 2,988 | | | | | | 187,915 | | |
Kinder Morgan, Inc. | | | | | 5,630 | | | | | | 66,997 | | |
Louisiana-Pacific Corp. | | | | | 3,947 | | | | | | 112,805 | | |
Marathon Petroleum Corp. | | | | | 2,393 | | | | | | 70,594 | | |
Mosaic Co. (The) | | | | | 5,171 | | | | | | 95,664 | | |
Newmont Corp. | | | | | 6,725 | | | | | | 422,599 | | |
Nucor Corp. | | | | | 1,055 | | | | | | 50,387 | | |
Occidental Petroleum Corp.(a) | | | | | 4,641 | | | | | | 42,372 | | |
ONEOK, Inc. | | | | | 2,321 | | | | | | 67,309 | | |
Peabody Energy Corp.* | | | | | 4,544 | | | | | | 5,862 | | |
Pentair PLC | | | | | 1,212 | | | | | | 60,309 | | |
Phillips 66 | | | | | 1,129 | | | | | | 52,679 | | |
Pilgrim’s Pride Corp.* | | | | | 9,704 | | | | | | 162,445 | | |
Pioneer Natural Resources Co. | | | | | 533 | | | | | | 42,405 | | |
Post Holdings, Inc.* | | | | | 741 | | | | | | 63,652 | | |
Reliance Steel & Aluminum Co. | | | | | 237 | | | | | | 25,831 | | |
Sanderson Farms, Inc. | | | | | 743 | | | | | | 95,082 | | |
Schlumberger NV | | | | | 5,073 | | | | | | 75,791 | | |
Seaboard Corp. | | | | | 47 | | | | | | 161,915 | | |
Simpson Manufacturing Co., Inc. | | | | | 1,203 | | | | | | 106,730 | | |
Steel Dynamics, Inc. | | | | | 772 | | | | | | 24,303 | | |
Tyson Foods, Inc., Class A | | | | | 13,976 | | | | | | 799,846 | | |
UFP Industries, Inc. | | | | | 1,646 | | | | | | 82,152 | | |
United States Steel Corp.(a) | | | | | 658 | | | | | | 6,356 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United States (continued) | | ||||||||||||
Valero Energy Corp. | | | | | 1,079 | | | | | $ | 41,660 | | |
Warrior Met Coal, Inc. | | | | | 1,984 | | | | | | 29,760 | | |
Williams Cos., Inc. (The) | | | | | 2,996 | | | | | | 57,493 | | |
Xylem, Inc. | | | | | 1,164 | | | | | | 101,431 | | |
Total United States | | | | | | | | | | | 7,688,063 | | |
Zambia — 0.2% | | ||||||||||||
First Quantum Minerals Ltd. | | | | | 3,052 | | | | | | 35,044 | | |
Total Common Stocks (Cost $20,401,344) | | | | | | | | | | | 17,962,259 | | |
Investment Companies — 5.1% | | ||||||||||||
U.S. Ultra Short Term Bond Fund — 5.1% | | ||||||||||||
IQ Ultra Short Duration ETF† (Cost $1,026,845) | | | | | 20,668 | | | | | | 1,026,580 | | |
Short-Term Investments — 5.4% | | ||||||||||||
Money Market Funds — 5.4% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(d)(e) | | | | | 201,810 | | | | | | 201,810 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(d) | | | | | 892,777 | | | | | | 892,777 | | |
Total Short-Term Investments (Cost $1,094,587) | | | | | | | | | | | 1,094,587 | | |
Total Investments — 99.9% (Cost $22,522,776) | | | | | | | | | | | 20,083,426 | | |
Other Assets and Liabilities, Net — 0.1% | | | | | | | | | | | 17,066 | | |
Net Assets — 100.0% | | | | | | | | | | $ | 20,100,492 | | |
|
Total Return Swap contracts outstanding at October 31, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Floating Rate(f) | | | Expiration Date | | | Payment Frequency | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(g) | | ||||||||||||
iShares MSCI EAFE ETF | | | Bank of America | | | 1-Month LIBOR | | | | | 4/05/2021 | | | | | | Monthly | | | | | $ | (985,432) | | | | | $ | — | | |
iShares MSCI EAFE ETF | | | Morgan Stanley | | | 1-Day FEDEF | | | | | 5/04/2021 | | | | | | Monthly | | | | | | (985,432) | | | | | | — | | |
SPDR S&P 500 ETF Trust | | | Bank of America | | | 1-Month LIBOR | | | | | 4/05/2021 | | | | | | Monthly | | | | | | (996,274) | | | | | | — | | |
SPDR S&P 500 ETF Trust | | | Morgan Stanley | | | 1-Day FEDEF + 0.10% | | | | | 5/04/2021 | | | | | | Monthly | | | | | | (996,274) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 17,957,596 | | | | | $ | — | | | | | $ | 4,663(i) | | | | | $ | 17,962,259 | | |
Investment Companies | | | | | 1,026,580 | | | | | | — | | | | | | — | | | | | | 1,026,580 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,094,587 | | | | | | — | | | | | | — | | | | | | 1,094,587 | | |
Total Investments in Securities | | | | | 20,078,763 | | | | | | — | | | | | | 4,663 | | | | | | 20,083,426 | | |
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 20,078,763 | | | | | $ | — | | | | | $ | 4,663 | | | | | $ | 20,083,426 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 10/31/2020 | | | Value ($) at 10/31/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | 21,468 | | | | | | 1,061,593 | | | | | | 175,621 | | | | | | (216,752) | | | | | | 3,647 | | | | | | 2,471 | | | | | | 7,825 | | | | | | — | | | | | | 20,668 | | | | | | 1,026,580 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks — 99.8% | | ||||||||||||
Diversified REITs — 12.4% | | ||||||||||||
Alexander & Baldwin, Inc. | | | | | 24,535 | | | | | $ | 315,275 | | |
American Assets Trust, Inc. | | | | | 17,985 | | | | | | 376,426 | | |
Empire State Realty Trust, Inc., Class A | | | | | 61,966 | | | | | | 333,377 | | |
Gladstone Commercial Corp. | | | | | 12,240 | | | | | | 198,900 | | |
Granite Point Mortgage Trust, Inc. | | | | | 19,527 | | | | | | 131,612 | | |
Industrial Logistics Properties Trust | | | | | 23,209 | | | | | | 445,149 | | |
Kennedy-Wilson Holdings, Inc.(a) | | | | | 44,644 | | | | | | 588,408 | | |
Monmouth Real Estate Investment Corp. | | | | | 33,221 | | | | | | 460,111 | | |
New Senior Investment Group, Inc. | | | | | 27,667 | | | | | | 108,178 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 17,459 | | | | | | 94,278 | | |
Redwood Trust, Inc. | | | | | 41,108 | | | | | | 349,418 | | |
Safehold, Inc. | | | | | 5,645 | | | | | | 388,489 | | |
Washington Real Estate Investment Trust | | | | | 29,380 | | | | | | 513,562 | | |
Total Diversified REITs | | | | | | | | | | | 4,303,183 | | |
Hotel REITs — 15.4% | | ||||||||||||
Apple Hospitality REIT, Inc. | | | | | 75,055 | | | | | | 743,044 | | |
Chatham Lodging Trust | | | | | 16,504 | | | | | | 121,305 | | |
DiamondRock Hospitality Co. | | | | | 70,678 | | | | | | 349,149 | | |
Hersha Hospitality Trust | | | | | 13,084 | | | | | | 64,112 | | |
MGM Growth Properties LLC, Class A | | | | | 47,254 | | | | | | 1,249,868 | | |
Pebblebrook Hotel Trust | | | | | 46,613 | | | | | | 558,424 | | |
Ryman Hospitality Properties, Inc. | | | | | 18,023 | | | | | | 718,217 | | |
Service Properties Trust | | | | | 58,594 | | | | | | 422,463 | | |
Summit Hotel Properties, Inc. | | | | | 37,208 | | | | | | 196,458 | | |
Sunstone Hotel Investors, Inc. | | | | | 76,794 | | | | | | 569,811 | | |
Xenia Hotels & Resorts, Inc. | | | | | 40,614 | | | | | | 334,659 | | |
Total Hotel REITs | | | | | | | | | | | 5,327,510 | | |
Mortgage REITs — 14.5% | | ||||||||||||
Anworth Mortgage Asset Corp. | | | | | 35,069 | | | | | | 57,513 | | |
Apollo Commercial Real Estate Finance, Inc. | | | | | 52,932 | | | | | | 460,508 | | |
Arbor Realty Trust, Inc. | | | | | 36,785 | | | | | | 434,799 | | |
ARMOUR Residential REIT, Inc. | | | | | 22,818 | | | | | | 217,684 | | |
Capstead Mortgage Corp. | | | | | 34,054 | | | | | | 174,016 | | |
Chimera Investment Corp. | | | | | 82,351 | | | | | | 687,631 | | |
Dynex Capital, Inc. | | | | | 7,997 | | | | | | 130,990 | | |
Front Yard Residential Corp. | | | | | 16,728 | | | | | | 223,988 | | |
Invesco Mortgage Capital, Inc. | | | | | 65,277 | | | | | | 176,248 | | |
iStar, Inc. | | | | | 25,863 | | | | | | 305,183 | | |
KKR Real Estate Finance Trust, Inc. | | | | | 11,133 | | | | | | 186,032 | | |
MFA Financial, Inc. | | | | | 162,293 | | | | | | 457,666 | | |
New York Mortgage Trust, Inc. | | | | | 135,342 | | | | | | 343,769 | | |
Orchid Island Capital, Inc. | | | | | 23,871 | | | | | | 123,890 | | |
PennyMac Mortgage Investment Trust | | | | | 35,049 | | | | | | 524,684 | | |
Two Harbors Investment Corp. | | | | | 97,845 | | | | | | 495,096 | | |
Western Asset Mortgage Capital Corp. | | | | | 21,287 | | | | | | 41,297 | | |
Total Mortgage REITs | | | | | | | | | | | 5,040,994 | | |
Office REITs — 11.4% | | ||||||||||||
Brandywine Realty Trust | | | | | 60,606 | | | | | | 530,908 | | |
City Office REIT, Inc. | | | | | 15,279 | | | | | | 96,563 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Office REITs (continued) | | ||||||||||||
Easterly Government Properties, Inc. | | | | | 28,630 | | | | | $ | 598,367 | | |
Franklin Street Properties Corp. | | | | | 34,991 | | | | | | 146,962 | | |
Global Net Lease, Inc. | | | | | 32,229 | | | | | | 458,619 | | |
Lexington Realty Trust | | | | | 97,693 | | | | | | 970,092 | | |
Mack-Cali Realty Corp. | | | | | 28,215 | | | | | | 310,083 | | |
Office Properties Income Trust | | | | | 17,101 | | | | | | 314,829 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 44,845 | | | | | | 512,130 | | |
Total Office REITs | | | | | | | | | | | 3,938,553 | | |
Residential REITs — 4.0% | | ||||||||||||
Bluerock Residential Growth REIT, Inc. | | | | | 8,827 | | | | | | 76,442 | | |
Essential Properties Realty Trust, Inc. | | | | | 33,167 | | | | | | 547,919 | | |
Independence Realty Trust, Inc. | | | | | 33,865 | | | | | | 411,460 | | |
NexPoint Residential Trust, Inc. | | | | | 7,513 | | | | | | 332,976 | | |
Total Residential REITs | | | | | | | | | | | 1,368,797 | | |
Retail REITs — 17.3% | | ||||||||||||
Acadia Realty Trust | | | | | 30,889 | | | | | | 288,194 | | |
Agree Realty Corp. | | | | | 18,985 | | | | | | 1,178,399 | | |
Brookfield Property REIT, Inc., Class A | | | | | 17,420 | | | | | | 256,945 | | |
Four Corners Property Trust, Inc. | | | | | 25,144 | | | | | | 637,149 | | |
Kite Realty Group Trust | | | | | 30,136 | | | | | | 312,209 | | |
Macerich Co. (The) | | | | | 49,630 | | | | | | 345,425 | | |
Retail Opportunity Investments Corp. | | | | | 41,430 | | | | | | 403,114 | | |
Retail Properties of America, Inc., Class A | | | | | 76,686 | | | | | | 401,835 | | |
RPT Realty | | | | | 27,944 | | | | | | 136,646 | | |
Seritage Growth Properties, Class A* | | | | | 12,152 | | | | | | 154,695 | | |
SITE Centers Corp. | | | | | 54,583 | | | | | | 371,710 | | |
Tanger Factory Outlet Centers, Inc. | | | | | 32,716 | | | | | | 202,512 | | |
Taubman Centers, Inc. | | | | | 21,313 | | | | | | 712,280 | | |
Urban Edge Properties | | | | | 39,925 | | | | | | 375,295 | | |
Urstadt Biddle Properties, Inc., Class A | | | | | 10,614 | | | | | | 100,939 | | |
Washington Prime Group, Inc. | | | | | 66,922 | | | | | | 39,183 | | |
Whitestone REIT | | | | | 14,260 | | | | | | 84,990 | | |
Total Retail REITs | | | | | | | | | | | 6,001,520 | | |
Specialized REITs — 24.8% | | ||||||||||||
American Finance Trust, Inc. | | | | | 39,019 | | | | | | 224,945 | | |
CareTrust REIT, Inc. | | | | | 33,993 | | | | | | 581,280 | | |
CatchMark Timber Trust, Inc., Class A | | | | | 17,381 | | | | | | 151,041 | | |
Diversified Healthcare Trust | | | | | 84,793 | | | | | | 245,476 | | |
EPR Properties | | | | | 26,561 | | | | | | 633,214 | | |
Global Medical REIT, Inc. | | | | | 15,333 | | | | | | 190,589 | | |
Innovative Industrial Properties, Inc. | | | | | 7,661 | | | | | | 893,503 | | |
LTC Properties, Inc. | | | | | 13,896 | | | | | | 458,707 | | |
National Storage Affiliates Trust | | | | | 19,408 | | | | | | 657,737 | | |
Physicians Realty Trust | | | | | 74,655 | | | | | | 1,258,683 | | |
QTS Realty Trust, Inc., Class A | | | | | 21,953 | | | | | | 1,350,329 | | |
Terreno Realty Corp. | | | | | 24,131 | | | | | | 1,358,093 | | |
Uniti Group, Inc. | | | | | 69,060 | | | | | | 609,109 | | |
Total Specialized REITs | | | | | | | | | | | 8,612,706 | | |
Total Common Stocks | | ||||||||||||
(Cost $47,653,055) | | | | | | | | | | | 34,593,263 | | |
|
| | | Shares | | | Value | | ||||||
Short-Term Investments — 0.3% | | ||||||||||||
Money Market Funds — 0.3% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 6,683 | | | | | $ | 6,683 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) | | | | | 84,322 | | | | | | 84,322 | | |
Total Short-Term Investments (Cost $91,005) | | | | | | | | | | | 91,005 | | |
Total Investments — 100.1% (Cost $47,744,060) | | | | | | | | | | | 34,684,268 | | |
Other Assets and Liabilities, Net — (0.1)% | | | | | | | | | | | (4,577) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 34,679,691 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 34,593,263 | | | | | $ | | | | | $ | | | | | $ | 34,593,263 | | | ||
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 91,005 | | | | | | — | | | | | | — | | | | | | 91,005 | | |
Total Investments in Securities | | | | $ | 34,684,268 | | | | | $ | — | | | | | $ | — | | | | | $ | 34,684,268 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 98.1% | | ||||||||||||
Australia — 4.8% | | ||||||||||||
AGL Energy Ltd. | | | | | 16,313 | | | | | $ | 142,968 | | |
Ampol Ltd. | | | | | 13,621 | | | | | | 248,125 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 20,969 | | | | | | 276,986 | | |
BHP Group Ltd. | | | | | 43,404 | | | | | | 1,029,630 | | |
BlueScope Steel Ltd. | | | | | 30,683 | | | | | | 315,881 | | |
Brambles Ltd. | | | | | 26,687 | | | | | | 179,726 | | |
CIMIC Group Ltd.* | | | | | 17,211 | | | | | | 259,858 | | |
Commonwealth Bank of Australia | | | | | 6,556 | | | | | | 317,765 | | |
CSL Ltd. | | | | | 1,034 | | | | | | 208,805 | | |
Downer EDI Ltd. | | | | | 133,431 | | | | | | 412,289 | | |
Glencore PLC* | | | | | 944,915 | | | | | | 1,904,748 | | |
Metcash Ltd. | | | | | 91,860 | | | | | | 190,301 | | |
National Australia Bank Ltd. | | | | | 20,666 | | | | | | 269,936 | | |
Origin Energy Ltd. | | | | | 65,376 | | | | | | 183,641 | | |
Qantas Airways Ltd.* | | | | | 121,469 | | | | | | 357,414 | | |
Ramsay Health Care Ltd. | | | | | 7,879 | | | | | | 344,984 | | |
Rio Tinto PLC | | | | | 16,526 | | | | | | 931,009 | | |
Sonic Healthcare Ltd. | | | | | 13,303 | | | | | | 325,290 | | |
South32 Ltd. | | | | | 131,689 | | | | | | 187,732 | | |
Telstra Corp., Ltd. | | | | | 154,014 | | | | | | 289,859 | | |
Viva Energy Group Ltd.‡ | | | | | 217,391 | | | | | | 257,237 | | |
Wesfarmers Ltd. | | | | | 22,540 | | | | | | 727,488 | | |
Westpac Banking Corp. | | | | | 23,617 | | | | | | 297,038 | | |
Woolworths Group Ltd. | | | | | 24,346 | | | | | | 652,421 | | |
Total Australia | | | | | | | | | | | 10,311,131 | | |
Austria — 0.3% | | | | | | | | | | | | | |
OMV AG | | | | | 11,591 | | | | | | 265,985 | | |
voestalpine AG(a) | | | | | 12,347 | | | | | | 343,020 | | |
Total Austria | | | | | | | | | | | 609,005 | | |
Belgium — 1.0% | | | | | | | | | | | | | |
Anheuser-Busch InBev SA/NV | | | | | 25,284 | | | | | | 1,312,384 | | |
bpost SA | | | | | 20,485 | | | | | | 181,470 | | |
Etablissements Franz Colruyt NV | | | | | 2,848 | | | | | | 168,595 | | |
Solvay SA | | | | | 3,361 | | | | | | 272,880 | | |
Umicore SA | | | | | 6,813 | | | | | | 262,209 | | |
Total Belgium | | | | | | | | | | | 2,197,538 | | |
Brazil — 0.1% | | | | | | | | | | | | | |
Yara International ASA | | | | | 7,163 | | | | | | 249,162 | | |
Canada — 6.2% | | | | | | | | | | | | | |
Air Canada* | | | | | 21,580 | | | | | | 238,402 | | |
Alimentation Couche-Tard, Inc., Class B | | | | | 33,335 | | | | | | 1,025,788 | | |
Bank of Montreal(a) | | | | | 4,073 | | | | | | 242,330 | | |
Bank of Nova Scotia (The) | | | | | 6,085 | | | | | | 252,600 | | |
Barrick Gold Corp. | | | | | 7,305 | | | | | | 195,151 | | |
BCE, Inc. | | | | | 8,325 | | | | | | 334,286 | | |
Bombardier, Inc., Class B* | | | | | 869,701 | | | | | | 182,635 | | |
Brookfield Asset Management, Inc., Class A | | | | | 12,539 | | | | | | 372,310 | | |
Canadian Imperial Bank of Commerce | | | | | 2,950 | | | | | | 219,876 | | |
Canadian National Railway Co. | | | | | 2,984 | | | | | | 296,196 | | |
Canadian Natural Resources Ltd. | | | | | 20,031 | | | | | | 318,489 | | |
Canadian Tire Corp., Ltd., Class A(a) | | | | | 2,642 | | | | | | 294,804 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Canada (continued) | | | | ||||||||||
Cenovus Energy, Inc. | | | | | 108,383 | | | | | $ | 354,408 | | |
CGI, Inc.* | | | | | 4,603 | | | | | | 285,394 | | |
Empire Co., Ltd., Class A | | | | | 12,041 | | | | | | 328,264 | | |
Enbridge, Inc. | | | | | 30,120 | | | | | | 829,269 | | |
George Weston Ltd. | | | | | 6,869 | | | | | | 481,322 | | |
Great-West Lifeco, Inc. | | | | | 15,290 | | | | | | 311,339 | | |
Husky Energy, Inc.(a) | | | | | 84,810 | | | | | | 218,171 | | |
Imperial Oil Ltd. | | | | | 29,593 | | | | | | 393,286 | | |
Loblaw Cos., Ltd. | | | | | 10,008 | | | | | | 497,792 | | |
Magna International, Inc. | | | | | 14,795 | | | | | | 754,868 | | |
Manulife Financial Corp. | | | | | 17,845 | | | | | | 241,708 | | |
Metro, Inc. | | | | | 4,313 | | | | | | 201,037 | | |
Nutrien Ltd. | | | | | 10,285 | | | | | | 417,771 | | |
Parkland Corp. | | | | | 11,247 | | | | | | 274,480 | | |
Pembina Pipeline Corp. | | | | | 8,634 | | | | | | 180,599 | | |
Power Corp. of Canada | | | | | 17,535 | | | | | | 333,643 | | |
Restaurant Brands International, Inc. | | | | | 4,096 | | | | | | 212,672 | | |
Rogers Communications, Inc., Class B | | | | | 5,610 | | | | | | 227,707 | | |
Royal Bank of Canada | | | | | 5,655 | | | | | | 395,110 | | |
Saputo, Inc. | | | | | 7,164 | | | | | | 174,244 | | |
SNC-Lavalin Group, Inc.(a) | | | | | 11,656 | | | | | | 162,949 | | |
Sun Life Financial, Inc. | | | | | 5,727 | | | | | | 227,688 | | |
Suncor Energy, Inc. | | | | | 29,995 | | | | | | 338,114 | | |
TC Energy Corp. | | | | | 5,558 | | | | | | 218,593 | | |
Teck Resources Ltd., Class B | | | | | 26,948 | | | | | | 353,890 | | |
TELUS Corp. | | | | | 12,936 | | | | | | 221,009 | | |
Thomson Reuters Corp. | | | | | 2,608 | | | | | | 202,600 | | |
Toronto-Dominion Bank (The) | | | | | 7,367 | | | | | | 324,770 | | |
WSP Global, Inc. | | | | | 2,697 | | | | | | 170,455 | | |
Total Canada | | | | | | | | | | | 13,306,019 | | |
China — 0.4% | | | | | | | | | | | | | |
Wilmar International Ltd. | | | | | 266,467 | | | | | | 788,375 | | |
Denmark — 0.9% | | | | | | | | | | | | | |
Carlsberg AS, Class B | | | | | 1,570 | | | | | | 198,723 | | |
DSV PANALPINA A/S | | | | | 2,608 | | | | | | 422,327 | | |
ISS A/S* | | | | | 20,151 | | | | | | 261,494 | | |
Novo Nordisk A/S, Class B | | | | | 6,202 | | | | | | 398,381 | | |
Orsted A/S‡ | | | | | 1,827 | | | | | | 289,995 | | |
Vestas Wind Systems A/S | | | | | 2,020 | | | | | | 344,808 | | |
Total Denmark | | | | | | | | | | | 1,915,728 | | |
Finland — 1.0% | | | | | | | | | | | | | |
Kesko OYJ, Class B | | | | | 12,167 | | | | | | 312,650 | | |
Kone OYJ, Class B | | | | | 2,726 | | | | | | 217,006 | | |
Neste OYJ(a) | | | | | 6,450 | | | | | | 335,693 | | |
Nokia OYJ* | | | | | 142,237 | | | | | | 480,486 | | |
Outokumpu OYJ*(a) | | | | | 57,969 | | | | | | 144,707 | | |
Stora Enso OYJ, Class R | | | | | 23,251 | | | | | | 339,226 | | |
UPM-Kymmene OYJ | | | | | 8,553 | | | | | | 241,701 | | |
Wartsila OYJ Abp | | | | | 21,139 | | | | | | 167,983 | | |
Total Finland | | | | | | | | | | | 2,239,452 | | |
France — 12.7% | | | | | | | | | | | | | |
Air France-KLM*(a) | | | | | 86,240 | | | | | | 282,283 | | |
Air Liquide SA | | | | | 3,756 | | | | | | 549,084 | | |
Airbus SE* | | | | | 14,684 | | | | | | 1,070,580 | | |
Arkema SA | | | | | 2,843 | | | | | | 278,445 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | | | ||||||||||
Atos SE* | | | | | 4,654 | | | | | $ | 317,683 | | |
AXA SA | | | | | 44,388 | | | | | | 713,534 | | |
BNP Paribas SA* | | | | | 18,301 | | | | | | 636,446 | | |
Bollore SA | | | | | 201,686 | | | | | | 722,657 | | |
Bouygues SA | | | | | 23,344 | | | | | | 765,462 | | |
Bureau Veritas SA* | | | | | 8,797 | | | | | | 193,159 | | |
Capgemini SE | | | | | 3,922 | | | | | | 452,925 | | |
Carrefour SA | | | | | 67,302 | | | | | | 1,047,380 | | |
Casino Guichard Perrachon SA*(a) | | | | | 13,294 | | | | | | 299,257 | | |
Cie de Saint-Gobain* | | | | | 24,484 | | | | | | 955,426 | | |
Cie Generale des Etablissements Michelin | | | | | 3,110 | | | | | | 335,605 | | |
CNP Assurances* | | | | | 28,320 | | | | | | 318,999 | | |
Credit Agricole SA* | | | | | 42,151 | | | | | | 332,993 | | |
Danone SA | | | | | 7,189 | | | | | | 396,932 | | |
Eiffage SA* | | | | | 5,299 | | | | | | 384,673 | | |
Electricite de France SA | | | | | 122,157 | | | | | | 1,418,392 | | |
Elior Group SA‡ | | | | | 29,628 | | | | | | 111,681 | | |
Engie SA* | | | | | 94,684 | | | | | | 1,145,389 | | |
EssilorLuxottica SA* | | | | | 2,186 | | | | | | 270,424 | | |
Faurecia SE* | | | | | 8,283 | | | | | | 313,961 | | |
Kering SA | | | | | 482 | | | | | | 291,116 | | |
L’Oreal SA | | | | | 2,004 | | | | | | 648,251 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 2,729 | | | | | | 1,278,861 | | |
Natixis SA* | | | | | 51,891 | | | | | | 120,649 | | |
Orange SA | | | | | 62,562 | | | | | | 701,789 | | |
Orpea* | | | | | 1,759 | | | | | | 175,679 | | |
Pernod Ricard SA | | | | | 1,265 | | | | | | 203,937 | | |
Peugeot SA* | | | | | 55,860 | | | | | | 1,004,007 | | |
Publicis Groupe SA | | | | | 11,322 | | | | | | 393,015 | | |
Renault SA* | | | | | 29,665 | | | | | | 734,472 | | |
Rexel SA* | | | | | 30,653 | | | | | | 322,355 | | |
Safran SA* | | | | | 5,000 | | | | | | 527,211 | | |
Sanofi | | | | | 8,796 | | | | | | 792,734 | | |
Schneider Electric SE | | | | | 4,449 | | | | | | 540,008 | | |
Societe Generale SA* | | | | | 18,091 | | | | | | 245,293 | | |
Sodexo SA | | | | | 7,513 | | | | | | 482,208 | | |
SPIE SA* | | | | | 15,764 | | | | | | 248,631 | | |
Suez SA | | | | | 26,903 | | | | | | 492,633 | | |
Teleperformance | | | | | 758 | | | | | | 227,538 | | |
Thales SA | | | | | 4,184 | | | | | | 272,344 | | |
TOTAL SE | | | | | 54,822 | | | | | | 1,648,849 | | |
Valeo SA | | | | | 15,387 | | | | | | 465,474 | | |
Veolia Environnement SA | | | | | 19,338 | | | | | | 360,189 | | |
Vinci SA | | | | | 17,120 | | | | | | 1,352,482 | | |
Vivendi SA | | | | | 17,057 | | | | | | 492,548 | | |
Total France | | | | | | | | | | | 27,335,643 | | |
Germany — 12.3% | | | | | | | | | | | | | |
adidas AG* | | | | | 1,554 | | | | | | 461,595 | | |
Allianz SE | | | | | 4,255 | | | | | | 748,719 | | |
Aurubis AG | | | | | 4,638 | | | | | | 296,817 | | |
BASF SE | | | | | 38,983 | | | | | | 2,137,417 | | |
Bayer AG | | | | | 15,712 | | | | | | 738,673 | | |
Bayerische Motoren Werke AG | | | | | 21,674 | | | | | | 1,481,491 | | |
Beiersdorf AG | | | | | 1,500 | | | | | | 157,080 | | |
Brenntag AG | | | | | 7,432 | | | | | | 475,105 | | |
CECONOMY AG* | | | | | 138,797 | | | | | | 614,052 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | | | ||||||||||
Continental AG | | | | | 9,435 | | | | | $ | 1,003,200 | | |
Covestro AG‡ | | | | | 10,131 | | | | | | 483,491 | | |
Daimler AG | | | | | 47,218 | | | | | | 2,442,083 | | |
Deutsche Bank AG* | | | | | 40,838 | | | | | | 375,852 | | |
Deutsche Lufthansa AG*(a) | | | | | 65,135 | | | | | | 559,332 | | |
Deutsche Post AG | | | | | 41,268 | | | | | | 1,828,621 | | |
Deutsche Telekom AG | | | | | 97,762 | | | | | | 1,488,386 | | |
E.ON SE | | | | | 44,336 | | | | | | 462,324 | | |
Evonik Industries AG | | | | | 14,780 | | | | | | 355,865 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 8,762 | | | | | | 669,336 | | |
Fresenius SE & Co. KGaA | | | | | 17,047 | | | | | | 632,253 | | |
Hannover Rueck SE | | | | | 1,159 | | | | | | 168,352 | | |
HeidelbergCement AG | | | | | 7,664 | | | | | | 438,514 | | |
Infineon Technologies AG | | | | | 13,092 | | | | | | 364,480 | | |
LANXESS AG | | | | | 4,283 | | | | | | 217,123 | | |
Merck KGaA | | | | | 3,161 | | | | | | 468,178 | | |
METRO AG | | | | | 58,179 | | | | | | 570,621 | | |
Muenchener Rueckversicherungs- Gesellschaft AG | | | | | 1,884 | | | | | | 440,671 | | |
ProSiebenSat.1 Media SE*(a) | | | | | 18,911 | | | | | | 211,033 | | |
RWE AG | | | | | 13,232 | | | | | | 489,988 | | |
Salzgitter AG*(a) | | | | | 14,105 | | | | | | 205,377 | | |
SAP SE | | | | | 6,618 | | | | | | 705,294 | | |
Siemens AG | | | | | 15,172 | | | | | | 1,779,681 | | |
Siemens Healthineers AG‡ | | | | | 13,499 | | | | | | 579,519 | | |
Telefonica Deutschland Holding AG | | | | | 62,884 | | | | | | 158,734 | | |
thyssenkrupp AG*(a) | | | | | 109,172 | | | | | | 520,757 | | |
TUI AG(a) | | | | | 99,492 | | | | | | 389,274 | | |
Uniper SE | | | | | 40,632 | | | | | | 1,214,492 | | |
United Internet AG | | | | | 6,278 | | | | | | 220,119 | | |
Total Germany | | | | | | | | | | | 26,553,899 | | |
Hong Kong — 0.6% | | | | | | | | | | | | | |
AIA Group Ltd. | | | | | 29,970 | | | | | | 282,315 | | |
CLP Holdings Ltd. | | | | | 20,434 | | | | | | 187,875 | | |
Dairy Farm International Holdings Ltd. | | | | | 35,713 | | | | | | 134,638 | | |
Nine Dragons Paper Holdings Ltd. | | | | | 186,367 | | | | | | 247,533 | | |
WH Group Ltd.‡ | | | | | 345,303 | | | | | | 271,172 | | |
Yue Yuen Industrial Holdings Ltd. | | | | | 99,475 | | | | | | 161,882 | | |
Total Hong Kong | | | | | | | | | | | 1,285,415 | | |
Ireland — 0.3% | | | | | | | | | | | | | |
CRH PLC | | | | | 18,757 | | | | | | 659,676 | | |
Israel — 0.2% | | | | | | | | | | | | | |
Teva Pharmaceutical Industries Ltd.* | | | | | 42,101 | | | | | | 364,951 | | |
Italy — 2.6% | | | | | | | | | | | | | |
Assicurazioni Generali SpA | | | | | 39,430 | | | | | | 528,654 | | |
Atlantia SpA* | | | | | 12,481 | | ��� | | | | 191,254 | | |
Autogrill SpA* | | | | | 36,279 | | | | | | 135,907 | | |
Enel SpA | | | | | 228,024 | | | | | | 1,815,204 | | |
Eni SpA | | | | | 112,706 | | | | | | 789,157 | | |
Intesa Sanpaolo SpA* | | | | | 152,362 | | | | | | 251,949 | | |
Leonardo SpA | | | | | 38,246 | | | | | | 182,124 | | |
Poste Italiane SpA‡ | | | | | 59,993 | | | | | | 489,180 | | |
Prysmian SpA | | | | | 9,000 | | | | | | 244,688 | | |
Saipem SpA(a) | | | | | 84,522 | | | | | | 148,422 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Italy (continued) | | | | ||||||||||
Saras SpA* | | | | | 183,052 | | | | | $ | 93,692 | | |
Telecom Italia SpA | | | | | 942,301 | | | | | | 319,852 | | |
UniCredit SpA* | | | | | 23,739 | | | | | | 177,003 | | |
Unipol Gruppo SpA* | | | | | 42,343 | | | | | | 154,283 | | |
Total Italy | | | | | | | | | | | 5,521,369 | | |
Japan — 29.7% | | | | | | | | | | | | | |
Aeon Co., Ltd. | | | | | 36,394 | | | | | | 927,257 | | |
AGC, Inc. | | | | | 9,181 | | | | | | 284,985 | | |
Aisin Seiki Co., Ltd. | | | | | 14,952 | | | | | | 449,819 | | |
Ajinomoto Co., Inc. | | | | | 9,196 | | | | | | 184,509 | | |
Alfresa Holdings Corp. | | | | | 17,883 | | | | | | 326,903 | | |
ANA Holdings, Inc.*(a) | | | | | 11,244 | | | | | | 244,154 | | |
Asahi Group Holdings Ltd. | | | | | 8,581 | | | | | | 264,555 | | |
Asahi Kasei Corp. | | | | | 41,516 | | | | | | 357,576 | | |
Astellas Pharma, Inc. | | | | | 14,732 | | | | | | 202,223 | | |
Bridgestone Corp. | | | | | 10,085 | | | | | | 327,034 | | |
Brother Industries Ltd. | | | | | 8,925 | | | | | | 137,111 | | |
Canon, Inc. | | | | | 27,115 | | | | | | 467,004 | | |
Central Japan Railway Co. | | | | | 1,826 | | | | | | 219,822 | | |
Chubu Electric Power Co., Inc. | | | | | 25,123 | | | | | | 281,534 | | |
Chugoku Electric Power Co., Inc. (The) | | | | | 13,109 | | | | | | 164,897 | | |
Coca-Cola Bottlers Japan Holdings, Inc.(a) | | | | | 6,647 | | | | | | 93,658 | | |
Cosmo Energy Holdings Co., Ltd. | | | | | 18,565 | | | | | | 269,933 | | |
Dai Nippon Printing Co., Ltd. | | | | | 12,133 | | | | | | 225,042 | | |
Dai-ichi Life Holdings, Inc. | | | | | 29,870 | | | | | | 441,878 | | |
Daiichi Sankyo Co., Ltd. | | | | | 7,104 | | | | | | 186,740 | | |
Daikin Industries Ltd. | | | | | 2,158 | | | | | | 402,122 | | |
Denso Corp. | | | | | 16,901 | | | | | | 782,160 | | |
Dentsu Group, Inc. | | | | | 11,177 | | | | | | 319,786 | | |
DIC Corp. | | | | | 6,177 | | | | | | 149,846 | | |
East Japan Railway Co. | | | | | 6,362 | | | | | | 332,097 | | |
ENEOS Holdings, Inc. | | | | | 278,159 | | | | | | 932,873 | | |
Fast Retailing Co., Ltd. | | | | | 674 | | | | | | 468,783 | | |
Fuji Media Holdings, Inc. | | | | | 14,824 | | | | | | 142,369 | | |
FUJIFILM Holdings Corp. | | | | | 4,594 | | | | | | 233,699 | | |
Fujitsu Ltd. | | | | | 7,675 | | | | | | 897,521 | | |
Hakuhodo DY Holdings, Inc. | | | | | 25,711 | | | | | | 326,368 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 4,158 | | | | | | 126,482 | | |
Hanwa Co., Ltd. | | | | | 16,762 | | | | | | 323,247 | | |
Hino Motors Ltd. | | | | | 36,571 | | | | | | 278,463 | | |
HIS Co., Ltd.* | | | | | 13,248 | | | | | | 177,544 | | |
Hitachi Ltd. | | | | | 30,717 | | | | | | 1,028,993 | | |
Honda Motor Co., Ltd. | | | | | 42,904 | | | | | | 999,342 | | |
Idemitsu Kosan Co., Ltd. | | | | | 17,595 | | | | | | 354,290 | | |
IHI Corp. | | | | | 12,892 | | | | | | 154,768 | | |
Isetan Mitsukoshi Holdings Ltd. | | | | | 25,463 | | | | | | 123,004 | | |
Isuzu Motors Ltd. | | | | | 27,740 | | | | | | 223,693 | | |
ITOCHU Corp. | | | | | 93,917 | | | | | | 2,245,958 | | |
Japan Airlines Co., Ltd.* | | | | | 12,736 | | | | | | 221,363 | | |
Japan Post Holdings Co., Ltd. | | | | | 79,212 | | | | | | 541,694 | | |
Japan Post Insurance Co., Ltd. | | | | | 21,827 | | | | | | 344,505 | | |
Japan Tobacco, Inc. | | | | | 17,625 | | | | | | 332,134 | | |
JFE Holdings, Inc.* | | | | | 69,980 | | | | | | 487,330 | | |
JTEKT Corp. | | | | | 23,519 | | | | | | 185,380 | | |
Kajima Corp. | | | | | 31,828 | | | | | | 338,557 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Kansai Electric Power Co., Inc. (The) | | | | | 37,309 | | | | | $ | 339,364 | | |
Kao Corp. | | | | | 2,598 | | | | | | 184,400 | | |
Kawasaki Heavy Industries Ltd.* | | | | | 11,349 | | | | | | 134,616 | | |
Kawasaki Kisen Kaisha Ltd.* | | | | | 19,266 | | | | | | 233,315 | | |
KDDI Corp. | | | | | 27,575 | | | | | | 736,591 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 3,866 | | | | | | 153,841 | | |
Kirin Holdings Co., Ltd. | | | | | 12,267 | | | | | | 220,487 | | |
Kobe Steel Ltd.* | | | | | 75,394 | | | | | | 292,085 | | |
Komatsu Ltd. | | | | | 16,992 | | | | | | 380,508 | | |
Konica Minolta, Inc. | | | | | 42,240 | | | | | | 106,671 | | |
Kubota Corp. | | | | | 16,055 | | | | | | 278,052 | | |
Kyocera Corp. | | | | | 4,445 | | | | | | 243,680 | | |
Kyushu Electric Power Co., Inc. | | | | | 30,988 | | | | | | 259,666 | | |
LIXIL Group Corp. | | | | | 14,888 | | | | | | 321,287 | | |
Marubeni Corp. | | | | | 174,479 | | | | | | 906,610 | | |
Maruha Nichiro Corp. | | | | | 6,302 | | | | | | 131,538 | | |
Mazda Motor Corp. | | | | | 47,294 | | | | | | 247,011 | | |
Medipal Holdings Corp. | | | | | 20,793 | | | | | | 370,352 | | |
MEIJI Holdings Co., Ltd. | | | | | 2,510 | | | | | | 181,515 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 89,378 | | | | | | 501,180 | | |
Mitsubishi Corp. | | | | | 103,407 | | | | | | 2,300,296 | | |
Mitsubishi Electric Corp. | | | | | 53,082 | | | | | | 680,408 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 14,890 | | | | | | 318,268 | | |
Mitsubishi Materials Corp. | | | | | 8,856 | | | | | | 161,719 | | |
Mitsubishi Motors Corp.* | | | | | 65,057 | | | | | | 118,240 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 86,587 | | | | | | 339,755 | | |
Mitsui & Co., Ltd. | | | | | 64,229 | | | | | | 1,001,466 | | |
Mitsui Chemicals, Inc. | | | | | 11,124 | | | | | | 283,686 | | |
Mitsui OSK Lines Ltd. | | | | | 12,841 | | | | | | 287,307 | | |
Mizuho Financial Group, Inc. | | | | | 18,699 | | | | | | 229,221 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 9,568 | | | | | | 260,342 | | |
Murata Manufacturing Co., Ltd. | | | | | 5,416 | | | | | | 376,488 | | |
NEC Corp. | | | | | 14,103 | | | | | | 708,253 | | |
NH Foods Ltd. | | | | | 4,808 | | | | | | 196,386 | | |
Nidec Corp. | | | | | 3,333 | | | | | | 334,767 | | |
Nippon Express Co., Ltd. | | | | | 6,062 | | | | | | 339,226 | | |
Nippon Paper Industries Co., Ltd. | | | | | 11,214 | | | | | | 126,257 | | |
Nippon Steel Corp.* | | | | | 72,839 | | | | | | 701,286 | | |
Nippon Telegraph & Telephone Corp. | | | | | 86,175 | | | | | | 1,810,219 | | |
Nippon Yusen K.K. | | | | | 22,667 | | | | | | 415,222 | | |
Nissan Motor Co., Ltd.* | | | | | 230,332 | | | | | | 806,404 | | |
Nitto Denko Corp. | | | | | 3,570 | | | | | | 249,634 | | |
Nomura Research Institute Ltd. | | | | | 6,234 | | | | | | 184,563 | | |
NTT Data Corp. | | | | | 40,988 | | | | | | 460,694 | | |
NTT DOCOMO, Inc. | | | | | 26,782 | | | | | | 995,807 | | |
Obayashi Corp. | | | | | 37,641 | | | | | | 313,255 | | |
Oji Holdings Corp. | | | | | 41,834 | | | | | | 175,676 | | |
Olympus Corp. | | | | | 10,782 | | | | | | 205,141 | | |
Omron Corp. | | | | | 3,168 | | | | | | 227,281 | | |
Oriental Land Co., Ltd. | | | | | 1,142 | | | | | | 159,327 | | |
ORIX Corp. | | | | | 12,579 | | | | | | 146,258 | | |
Osaka Gas Co., Ltd. | | | | | 9,750 | | | | | | 184,853 | | |
Otsuka Corp. | | | | | 4,375 | | | | | | 201,717 | | |
Otsuka Holdings Co., Ltd. | | | | | 5,666 | | | | | | 208,938 | | |
PALTAC Corp. | | | | | 3,281 | | | | | | 183,603 | | |
Pan Pacific International Holdings Corp. | | | | | 7,433 | | | | | | 157,989 | | |
Panasonic Corp. | | | | | 76,147 | | | | | | 699,774 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Persol Holdings Co., Ltd. | | | | | 18,754 | | | | | $ | 281,830 | | |
Rakuten, Inc. | | | | | 32,258 | | | | | | 313,199 | | |
Recruit Holdings Co., Ltd. | | | | | 16,021 | | | | | | 608,412 | | |
Renesas Electronics Corp.* | | | | | 40,790 | | | | | | 335,950 | | |
Ricoh Co., Ltd. | | | | | 41,923 | | | | | | 273,498 | | |
Secom Co., Ltd. | | | | | 2,811 | | | | | | 236,491 | | |
Seibu Holdings, Inc. | | | | | 12,134 | | | | | | 120,945 | | |
Seiko Epson Corp. | | | | | 16,517 | | | | | | 190,228 | | |
Sekisui Chemical Co., Ltd. | | | | | 13,010 | | | | | | 201,609 | | |
Sekisui House Ltd. | | | | | 8,812 | | | | | | 145,532 | | |
Seven & i Holdings Co., Ltd. | | | | | 27,202 | | | | | | 827,197 | | |
SG Holdings Co., Ltd. | | | | | 16,324 | | | | | | 392,719 | | |
Sharp Corp. | | | | | 18,441 | | | | | | 211,682 | | |
Shimizu Corp. | | | | | 35,637 | | | | | | 246,807 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 2,639 | | | | | | 350,638 | | |
Ship Healthcare Holdings, Inc. | | | | | 4,093 | | | | | | 193,805 | | |
Shiseido Co., Ltd. | | | | | 2,641 | | | | | | 162,947 | | |
Showa Denko K.K. | | | | | 7,920 | | | | | | 133,869 | | |
SoftBank Group Corp. | | | | | 34,066 | | | | | | 2,213,606 | | |
Sojitz Corp. | | | | | 111,625 | | | | | | 244,520 | | |
Sompo Holdings, Inc. | | | | | 6,272 | | | | | | 233,445 | | |
Sony Corp. | | | | | 11,120 | | | | | | 922,660 | | |
Subaru Corp. | | | | | 13,518 | | | | | | 246,399 | | |
Sumitomo Chemical Co., Ltd. | | | | | 106,047 | | | | | | 344,901 | | |
Sumitomo Corp. | | | | | 64,623 | | | | | | 707,490 | | |
Sumitomo Electric Industries Ltd. | | | | | 29,186 | | | | | | 319,806 | | |
Sumitomo Forestry Co., Ltd. | | | | | 14,485 | | | | | | 227,099 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 6,868 | | | | | | 211,743 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 12,880 | | | | | | 354,958 | | |
Suntory Beverage & Food Ltd. | | | | | 4,643 | | | | | | 159,889 | | |
Suzuken Co., Ltd. | | | | | 8,110 | | | | | | 292,081 | | |
Suzuki Motor Corp. | | | | | 12,059 | | | | | | 514,128 | | |
T&D Holdings, Inc. | | | | | 16,492 | | | | | | 163,595 | | |
Taiheiyo Cement Corp. | | | | | 7,790 | | | | | | 182,119 | | |
Taisei Corp. | | | | | 9,304 | | | | | | 288,803 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 8,618 | | | | | | 267,015 | | |
TDK Corp. | | | | | 3,076 | | | | | | 359,269 | | |
Teijin Ltd. | | | | | 8,981 | | | | | | 137,112 | | |
Toho Holdings Co., Ltd. | | | | | 8,575 | | | | | | 158,064 | | |
Tohoku Electric Power Co., Inc. | | | | | 27,443 | | | | | | 242,036 | | |
Tokio Marine Holdings, Inc. | | | | | 6,113 | | | | | | 272,436 | | |
Tokyo Electric Power Co. Holdings, Inc.* | | | | | 194,310 | | | | | | 499,994 | | |
Tokyo Electron Ltd. | | | | | 1,254 | | | | | | 334,672 | | |
Tokyo Gas Co., Ltd. | | | | | 10,042 | | | | | | 227,227 | | |
Tokyu Corp. | | | | | 11,797 | | | | | | 139,366 | | |
Toppan Printing Co., Ltd. | | | | | 17,309 | | | | | | 219,053 | | |
Toray Industries, Inc. | | | | | 72,038 | | | | | | 324,150 | | |
Toshiba Corp. | | | | | 12,259 | | | | | | 308,293 | | |
Tosoh Corp. | | | | | 13,268 | | | | | | 214,491 | | |
Toyota Boshoku Corp. | | | | | 12,857 | | | | | | 185,218 | | |
Toyota Industries Corp. | | | | | 3,847 | | | | | | 247,291 | | |
Toyota Motor Corp. | | | | | 29,330 | | | | | | 1,908,666 | | |
Toyota Tsusho Corp. | | | | | 36,308 | | | | | | 1,006,858 | | |
West Japan Railway Co. | | | | | 3,577 | | | | | | 152,606 | | |
Yamada Holdings Co., Ltd. | | | | | 44,865 | | | | | | 218,016 | | |
Yamaha Motor Co., Ltd. | | | | | 12,335 | | | | | | 174,984 | | |
Yamato Holdings Co., Ltd. | | | | | 15,560 | | | | | | 409,912 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Yamazaki Baking Co., Ltd. | | | | | 7,313 | | | | | $ | 120,041 | | |
Z Holdings Corp. | | | | | 70,778 | | | | | | 490,923 | | |
Zensho Holdings Co., Ltd. | | | | | 7,780 | | | | | | 181,067 | | |
Total Japan | | | | | | | | | | | 63,956,860 | | |
Luxembourg — 0.9% | | | | | | | | | | | | | |
ArcelorMittal SA* | | | | | 127,574 | | | | | | 1,731,540 | | |
RTL Group SA* | | | | | 6,123 | | | | | | 232,658 | | |
Total Luxembourg | | | | | | | | | | | 1,964,198 | | |
Netherlands — 3.6% | | | | | | | | | | | | | |
Aegon NV | | | | | 78,678 | | | | | | 212,165 | | |
Akzo Nobel NV | | | | | 2,996 | | | | | | 288,614 | | |
Altice Europe NV* | | | | | 95,387 | | | | | | 469,891 | | |
ASML Holding NV | | | | | 716 | | | | | | 260,218 | | |
EXOR NV | | | | | 15,905 | �� | | | | | 826,301 | | |
Heineken Holding NV | | | | | 5,463 | | | | | | 422,223 | | |
Heineken NV(a) | | | | | 5,006 | | | | | | 444,340 | | |
ING Groep NV* | | | | | 28,205 | | | | | | 192,495 | | |
Koninklijke Ahold Delhaize NV | | | | | 36,349 | | | | | | 998,827 | | |
Koninklijke DSM NV | | | | | 1,810 | | | | | | 289,796 | | |
Koninklijke Philips NV* | | | | | 9,345 | | | | | | 434,060 | | |
NN Group NV | | | | | 6,320 | | | | | | 220,414 | | |
Randstad NV* | | | | | 15,054 | | | | | | 752,454 | | |
Royal Dutch Shell PLC, Class B | | | | | 139,467 | | | | | | 1,675,274 | | |
Wolters Kluwer NV | | | | | 2,326 | | | | | | 188,523 | | |
Total Netherlands | | | | | | | | | | | 7,675,595 | | |
Norway — 0.8% | | | | | | | | | | | | | |
Equinor ASA | | | | | 88,317 | | | | | | 1,120,264 | | |
Norsk Hydro ASA* | | | | | 135,489 | | | | | | 378,876 | | |
Telenor ASA | | | | | 17,654 | | | | | | 271,860 | | |
Total Norway | | | | | | | | | | | 1,771,000 | | |
Portugal — 0.3% | | | | | | | | | | | | | |
EDP — Energias de Portugal SA | | | | | 74,445 | | | | | | 366,987 | | |
Galp Energia SGPS SA | | | | | 22,209 | | | | | | 179,901 | | |
Jeronimo Martins SGPS SA | | | | | 14,662 | | | | | | 232,958 | | |
Total Portugal | | | | | | | | | | | 779,846 | | |
Singapore — 0.5% | | | | | | | | | | | | | |
Jardine Cycle & Carriage Ltd. | | | | | 18,385 | | | | | | 239,119 | | |
Oversea-Chinese Banking Corp., Ltd. | | | | | 25,110 | | | | | | 154,834 | | |
Sembcorp Industries Ltd. | | | | | 127,097 | | | | | | 147,062 | | |
Singapore Airlines Ltd. | | | | | 127,238 | | | | | | 315,882 | | |
Singapore Telecommunications Ltd. | | | | | 122,543 | | | | | | 182,177 | | |
Total Singapore | | | | | | | | | | | 1,039,074 | | |
Spain — 2.7% | | | | | | | | | | | | | |
Acciona SA | | | | | 1,912 | | | | | | 193,097 | | |
ACS Actividades de Construccion y Servicios SA | | | | | 43,263 | | | | | | 1,028,056 | | |
Amadeus IT Group SA | | | | | 3,663 | | | | | | 174,898 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 62,848 | | | | | | 180,239 | | |
Banco Santander SA* | | | | | 249,451 | | | | | | 497,112 | | |
Cia de Distribucion Integral Logista Holdings SA | | | | | 11,807 | | | | | | 199,149 | | |
Endesa SA | | | | | 15,308 | | | | | | 410,303 | | |
Iberdrola SA | | | | | 64,003 | | | | | | 754,858 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Spain (continued) | | | | ||||||||||
Industria de Diseno Textil SA* | | | | | 19,288 | | | | | $ | 476,089 | | |
Mapfre SA | | | | | 104,689 | | | | | | 157,799 | | |
Naturgy Energy Group SA | | | | | 17,110 | | | | | | 317,893 | | |
Repsol SA | | | | | 82,733 | | | | | | 514,624 | | |
Siemens Gamesa Renewable Energy SA | | | | | 9,541 | | | | | | 270,399 | | |
Telefonica SA | | | | | 204,790 | | | | | | 669,370 | | |
Total Spain | | | | | | | | | | | 5,843,886 | | |
Sweden — 2.3% | | | | | | | | | | | | | |
Assa Abloy AB, B Shares | | | | | 8,408 | | | | | | 180,418 | | |
Atlas Copco AB, A Shares | | | | | 5,006 | | | | | | 220,967 | | |
Electrolux AB, Series B*(a) | | | | | 12,669 | | | | | | 285,941 | | |
Essity AB, B Shares(a) | | | | | 7,190 | | | | | | 208,322 | | |
Hennes & Mauritz AB, B Shares(a) | | | | | 27,810 | | | | | | 451,776 | | |
ICA Gruppen AB(a) | | | | | 4,481 | | | | | | 212,090 | | |
NCC AB, B Shares | | | | | 11,525 | | | | | | 183,858 | | |
Sandvik AB* | | | | | 11,679 | | | | | | 207,964 | | |
Securitas AB, B Shares* | | | | | 24,938 | | | | | | 352,869 | | |
Skanska AB, B Shares(a) | | | | | 23,659 | | | | | | 444,679 | | |
SKF AB, B Shares | | | | | 11,249 | | | | | | 230,259 | | |
SSAB AB, A Shares* | | | | | 65,256 | | | | | | 189,731 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 53,173 | | | | | | 593,071 | | |
Telia Co. AB(a) | | | | | 51,122 | | | | | | 195,961 | | |
Volvo AB, B Shares* | | | | | 48,396 | | | | | | 941,425 | | |
Total Sweden | | | | | | | | | | | 4,899,331 | | |
Switzerland — 4.6% | | | | | | | | | | | | | |
ABB Ltd. | | | | | 22,329 | | | | | | 542,055 | | |
Adecco Group AG | | | | | 14,054 | | | | | | 690,011 | | |
Cie Financiere Richemont SA, Class A | | | | | 2,935 | | | | | | 184,128 | | |
Credit Suisse Group AG | | | | | 26,292 | | | | | | 247,387 | | |
Kuehne + Nagel International AG | | | | | 2,535 | | | | | | 506,419 | | |
LafargeHolcim Ltd.* | | | | | 10,695 | | | | | | 459,166 | | |
Nestle SA | | | | | 21,407 | | | | | | 2,408,010 | | |
Novartis AG | | | | | 12,971 | | | | | | 1,011,725 | | |
Roche Holding AG | | | | | 5,845 | | | | | | 1,879,672 | | |
Schindler Holding AG — Participating Certificate | | | | | 705 | | | | | | 180,375 | | |
Sika AG | | | | | 900 | | | | | | 221,624 | | |
STMicroelectronics NV | | | | | 9,561 | | | | | | 291,236 | | |
Swiss Life Holding AG | | | | | 440 | | | | | | 147,955 | | |
Swiss Re AG | | | | | 3,400 | | | | | | 243,867 | | |
Swisscom AG | | | | | 402 | | | | | | 204,520 | | |
UBS Group AG | | | | | 30,356 | | | | | | 352,561 | | |
Zurich Insurance Group AG | | | | | 885 | | | | | | 293,535 | | |
Total Switzerland | | | | | | | | | | | 9,864,246 | | |
United Kingdom — 9.0% | | | | | | | | | | | | | |
Associated British Foods PLC | | | | | 13,218 | | | | | | 290,118 | | |
AstraZeneca PLC | | | | | 4,919 | | | | | | 493,938 | | |
Aviva PLC | | | | | 52,465 | | | | | | 174,681 | | |
Babcock International Group PLC | | | | | 33,500 | | | | | | 94,081 | | |
BAE Systems PLC | | | | | 62,783 | | | | | | 322,278 | | |
Balfour Beatty PLC* | | | | | 65,826 | | | | | | 181,801 | | |
Barclays PLC* | | | | | 166,527 | | | | | | 229,444 | | |
BP PLC | | | | | 428,898 | | | | | | 1,090,275 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | | | ||||||||||
British American Tobacco PLC | | | | | 17,635 | | | | | $ | 558,194 | | |
BT Group PLC | | | | | 371,117 | | | | | | 486,572 | | |
Bunzl PLC | | | | | 11,619 | | | | | | 360,561 | | |
Capita PLC* | | | | | 379,264 | | | | | | 121,077 | | |
Centrica PLC* | | | | | 1,029,964 | | | | | | 495,142 | | |
CK Hutchison Holdings Ltd. | | | | | 77,125 | | | | | | 464,450 | | |
Compass Group PLC | | | | | 44,464 | | | | | | 606,540 | | |
Computacenter PLC | | | | | 9,370 | | | | | | 275,505 | | |
DCC PLC | | | | | 3,731 | | | | | | 242,367 | | |
Diageo PLC | | | | | 8,613 | | | | | | 278,304 | | |
Dixons Carphone PLC | | | | | 187,105 | | | | | | 232,371 | | |
DS Smith PLC* | | | | | 43,872 | | | | | | 160,593 | | |
easyJet PLC | | | | | 21,460 | | | | | | 140,348 | | |
Experian PLC | | | | | 5,247 | | | | | | 191,116 | | |
Fiat Chrysler Automobiles NV* | | | | | 133,009 | | | | | | 1,633,330 | | |
G4S PLC* | | | | | 205,786 | | | | | | 543,072 | | |
GlaxoSmithKline PLC | | | | | 44,919 | | | | | | 750,281 | | |
Hays PLC* | | | | | 137,418 | | | | | | 189,764 | | |
HSBC Holdings PLC* | | | | | 73,659 | | | | | | 309,105 | | |
Imperial Brands PLC | | | | | 20,474 | | | | | | 324,028 | | |
Inchcape PLC* | | | | | 32,523 | | | | | | 208,495 | | |
InterContinental Hotels Group PLC* | | | | | 3,365 | | | | | | 170,383 | | |
International Consolidated Airlines Group SA | | | | | 18,060 | | | | | | 22,520 | | |
ITV PLC* | | | | | 169,914 | | | | | | 158,491 | | |
J Sainsbury PLC | | | | | 166,744 | | | | | | 434,650 | | |
John Wood Group PLC* | | | | | 99,228 | | | | | | 272,128 | | |
Johnson Matthey PLC | | | | | 13,722 | | | | | | 381,287 | | |
Kingfisher PLC* | | | | | 118,947 | | | | | | 441,556 | | |
Legal & General Group PLC | | | | | 55,471 | | | | | | 132,546 | | |
Lloyds Banking Group PLC* | | | | | 610,518 | | | | | | 221,229 | | |
Marks & Spencer Group PLC | | | | | 158,252 | | | | | | 182,398 | | |
Mondi PLC | | | | | 10,503 | | | | | | 198,681 | | |
National Grid PLC | | | | | 26,416 | | | | | | 313,893 | | |
Natwest Group PLC* | | | | | 108,741 | | | | | | 174,628 | | |
Pearson PLC(a) | | | | | 24,303 | | | | | | 160,261 | | |
Petrofac Ltd.* | | | | | 58,975 | | | | | | 90,514 | | |
Prudential PLC | | | | | 17,274 | | | | | | 210,577 | | |
Reckitt Benckiser Group PLC | | | | | 3,625 | | | | | | 318,725 | | |
RELX PLC | | | | | 12,355 | | | | | | 244,018 | | |
Rolls-Royce Holdings PLC*(a) | | | | | 340,288 | | | | | | 313,803 | | |
Royal Mail PLC(a) | | | | | 143,745 | | | | | | 421,908 | | |
SSE PLC | | | | | 26,403 | | | | | | 428,446 | | |
Standard Chartered PLC* | | | | | 30,220 | | | | | | 137,464 | | |
Tesco PLC | | | | | 321,404 | | | | | | 854,008 | | |
Travis Perkins PLC* | | | | | 14,342 | | | | | | 196,847 | | |
Vodafone Group PLC | | | | | 507,132 | | | | | | 675,394 | | |
Wm Morrison Supermarkets PLC(a) | | | | | 129,334 | | | | | | 272,416 | | |
WPP PLC | | | | | 70,644 | | | | | | 563,219 | | |
Total United Kingdom | | | | | | | | | | | 19,439,821 | | |
United States — 0.3% | | | | | | | | | | | | | |
Ferguson PLC* | | | | | 5,997 | | | | | | 598,773 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $250,398,410) | | | | | | | | | | | 211,169,993 | | |
|
| | | Shares | | | Value | | | ||||||||
Preferred Stocks — 1.3% | | | | | | | | | | | | | | | ||
Germany — 1.3% | | | | | | | | | | | | | | | ||
Henkel AG & Co. KGaA, 2.18% | | | | | 4,568 | | | | | $ | 444,413 | | | | ||
Schaeffler AG, 8.40% | | | | | 36,771 | | | | | | 223,801 | | | | ||
Volkswagen AG, 3.74% | | | | | 14,844 | | | | | | 2,163,107 | | | | ||
Total Germany | | | | | | | | | | | 2,831,321 | | | | ||
Total Preferred Stocks | | | | | | | | | | | | | | | ||
(Cost $3,596,648) | | | | | | | | | | | 2,831,321 | | | | | |
Rights — 0.0%(b) | | | | | | | | | | | | | | | ||
United Kingdom — 0.0%(b) | | | | | | | | | | | | | | | ||
Rolls-Royce Holdings PLC, expires 11/19/20* | | | | | | | | | | | | | | | ||
(Cost $16) | | | | | 20 | | | | | | 10 | | | | ||
Short-Term Investments — 3.7% | | | | | | | | | | | | | | | ||
Money Market Funds — 3.7% | | | | | | | | | | | | | | | ||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(c)(d) | | | | | 7,592,425 | | | | | | 7,592,425 | | | | ||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(c) | | | | | 410,985 | | | | | | 410,985 | | | | ||
|
| | | Shares | | | Value | | |||
Short-Term Investments (continued) | | | | |||||||
Total Short-Term Investments | | | | | | | | | | |
(Cost $8,003,410) | | | | | | | $ | 8,003,410 | | |
Total Investments — 103.1% | | | | |||||||
(Cost $261,998,484) | | | | | | | | 222,004,734 | | |
Other Assets and Liabilities, Net — (3.1)% | | | | | | | | (6,605,743) | | |
Net Assets — 100.0% | | | | | | | $ | 215,398,991 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 211,169,993 | | | | | $ | — | | | | | $ | — | | | | | $ | 211,169,993 | | |
Preferred Stocks | | | | | 2,831,321 | | | | | | — | | | | | | — | | | | | | 2,831,321 | | |
Right | | | | | 10 | | | | | | — | | | | | | — | | | | | | 10 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 8,003,410 | | | | | | — | | | | | | — | | | | | | 8,003,410 | | |
Total Investments in Securities | | | | $ | 222,004,734 | | | | | $ | — | | | | | $ | — | | | | | $ | 222,004,734 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.0% | | ||||||||||||
Australia — 7.6% | | ||||||||||||
Afterpay Ltd.* | | | | | 3,892 | | | | | $ | 264,269 | | |
AGL Energy Ltd. | | | | | 12,861 | | | | | | 112,715 | | |
AMP Ltd. | | | | | 75,182 | | | | | | 80,779 | | |
Ampol Ltd. | | | | | 5,636 | | | | | | 102,667 | | |
APA Group | | | | | 24,567 | | | | | | 180,975 | | |
Aristocrat Leisure Ltd. | | | | | 13,112 | | | | | | 263,622 | | |
ASX Ltd. | | | | | 3,973 | | | | | | 222,171 | | |
Aurizon Holdings Ltd. | | | | | 41,259 | | | | | | 109,232 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 49,638 | | | | | | 655,684 | | |
BHP Group Ltd. | | | | | 50,923 | | | | | | 1,207,996 | | |
BHP Group PLC | | | | | 36,007 | | | | | | 693,793 | | |
BlueScope Steel Ltd. | | | | | 10,067 | | | | | | 103,640 | | |
Boral Ltd. | | | | | 30,801 | | | | | | 98,633 | | |
Brambles Ltd. | | | | | 29,401 | | | | | | 198,003 | | |
Charter Hall Group | | | | | 11,323 | | | | | | 98,122 | | |
Coca-Cola Amatil Ltd. | | | | | 16,484 | | | | | | 143,888 | | |
Cochlear Ltd. | | | | | 1,169 | | | | | | 174,185 | | |
Coles Group Ltd. | | | | | 22,405 | | | | | | 279,277 | | |
Commonwealth Bank of Australia | | | | | 30,887 | | | | | | 1,497,071 | | |
Computershare Ltd. | | | | | 13,079 | | | | | | 111,594 | | |
CSL Ltd. | | | | | 7,915 | | | | | | 1,598,348 | | |
Deterra Royalties Ltd.* | | | | | 9,315 | | | | | | 25,708 | | |
Dexus | | | | | 26,307 | | | | | | 159,062 | | |
Evolution Mining Ltd. | | | | | 29,629 | | | | | | 115,271 | | |
Fortescue Metals Group Ltd. | | | | | 29,134 | | | | | | 355,379 | | |
Glencore PLC* | | | | | 195,294 | | | | | | 393,671 | | |
Goodman Group | | | | | 34,356 | | | | | | 443,928 | | |
GPT Group (The) | | | | | 47,460 | | | | | | 134,315 | | |
Iluka Resources Ltd. | | | | | 9,315 | | | | | | 33,689 | | |
Incitec Pivot Ltd. | | | | | 49,085 | | | | | | 66,182 | | |
Insurance Australia Group Ltd. | | | | | 47,586 | | | | | | 159,400 | | |
Lendlease Group | | | | | 13,052 | | | | | | 109,623 | | |
Macquarie Group Ltd. | | | | | 6,132 | | | | | | 545,811 | | |
Magellan Financial Group Ltd. | | | | | 2,740 | | | | | | 106,021 | | |
Medibank Pvt Ltd. | | | | | 64,835 | | | | | | 121,566 | | |
Mirvac Group | | | | | 96,201 | | | | | | 142,546 | | |
National Australia Bank Ltd. | | | | | 56,927 | | | | | | 743,572 | | |
Newcrest Mining Ltd. | | | | | 14,331 | | | | | | 294,270 | | |
Northern Star Resources Ltd. | | | | | 14,058 | | | | | | 146,603 | | |
Oil Search Ltd. | | | | | 44,665 | | | | | | 80,611 | | |
Orica Ltd. | | | | | 9,704 | | | | | | 103,991 | | |
Origin Energy Ltd. | | | | | 35,684 | | | | | | 100,236 | | |
QBE Insurance Group Ltd. | | | | | 28,296 | | | | | | 163,935 | | |
Ramsay Health Care Ltd. | | | | | 3,793 | | | | | | 166,078 | | |
Rio Tinto Ltd. | | | | | 6,517 | | | | | | 423,012 | | |
Rio Tinto PLC | | | | | 18,922 | | | | | | 1,065,990 | | |
Santos Ltd. | | | | | 36,418 | | | | | | 120,968 | | |
Saracen Mineral Holdings Ltd.* | | | | | 21,617 | | | | | | 85,618 | | |
Scentre Group | | | | | 105,215 | | | | | | 155,163 | | |
SEEK Ltd.(a) | | | | | 8,941 | | | | | | 135,057 | | |
Shopping Centres Australasia Property Group | | | | | 41,338 | | | | | | 67,349 | | |
Sonic Healthcare Ltd. | | | | | 10,355 | | | | | | 253,204 | | |
South32 Ltd. | | | | | 90,562 | | | | | | 129,102 | | |
Stockland | | | | | 53,788 | | | | | | 145,425 | | |
Suncorp Group Ltd. | | | | | 25,909 | | | | | | 149,378 | | |
Sydney Airport | | | | | 32,543 | | | | | | 124,551 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Australia (continued) | | ||||||||||||
Tabcorp Holdings Ltd. | | | | | 48,952 | | | | | $ | 113,099 | | |
Telstra Corp., Ltd. | | | | | 73,054 | | | | | | 137,490 | | |
Transurban Group | | | | | 50,730 | | | | | | 479,515 | | |
Treasury Wine Estates Ltd. | | | | | 15,033 | | | | | | 96,807 | | |
Vicinity Centres | | | | | 92,509 | | | | | | 78,607 | | |
Wesfarmers Ltd. | | | | | 20,088 | | | | | | 648,349 | | |
Westpac Banking Corp. | | | | | 62,509 | | | | | | 786,194 | | |
Woodside Petroleum Ltd. | | | | | 18,768 | | | | | | 230,911 | | |
Woolworths Group Ltd. | | | | | 22,637 | | | | | | 606,623 | | |
Total Australia | | | | | | | | | | | 18,940,544 | | |
Austria — 0.1% | | ||||||||||||
Erste Group Bank AG* | | | | | 8,524 | | | | | | 174,555 | | |
OMV AG | | | | | 5,320 | | | | | | 122,081 | | |
Total Austria | | | | | | | | | | | 296,636 | | |
Belgium — 0.8% | | ||||||||||||
Ageas SA/NV(b) | | | | | 4,291 | | | | | | 172,694 | | |
Anheuser-Busch InBev SA/NV | | | | | 14,425 | | | | | | 748,740 | | |
Galapagos NV* | | | | | 942 | | | | | | 111,265 | | |
Groupe Bruxelles Lambert SA | | | | | 2,335 | | | | | | 191,156 | | |
KBC Group NV | | | | | 5,083 | | | | | | 250,633 | | |
Solvay SA | | | | | 1,556 | | | | | | 126,332 | | |
Telenet Group Holding NV | | | | | 1,337 | | | | | | 51,394 | | |
UCB SA | | | | | 2,316 | | | | | | 228,503 | | |
Umicore SA | | | | | 3,950 | | | | | | 152,022 | | |
Total Belgium | | | | | | | | | | | 2,032,739 | | |
Brazil — 0.1% | | ||||||||||||
Yara International ASA | | | | | 3,734 | | | | | | 129,885 | | |
Cambodia — 0.0%(c) | | ||||||||||||
NagaCorp Ltd. | | | | | 45,415 | | | | | | 46,851 | | |
China — 0.6% | | ||||||||||||
AAC Technologies Holdings, Inc.(b) | | | | | 15,450 | | | | | | 81,386 | | |
BOC Hong Kong Holdings Ltd. | | | | | 75,529 | | | | | | 209,401 | | |
ESR Cayman Ltd.‡* | | | | | 30,660 | | | | | | 92,318 | | |
Lenovo Group Ltd. | | | | | 168,818 | | | | | | 105,581 | | |
Prosus NV* | | | | | 7,574 | | | | | | 756,800 | | |
Want Want China Holdings Ltd. | | | | | 152,900 | | | | | | 100,949 | | |
Wilmar International Ltd. | | | | | 36,767 | | | | | | 108,780 | | |
Total China | | | | | | | | | | | 1,455,215 | | |
Denmark — 2.3% | | ||||||||||||
Ambu A/S, Class B | | | | | 3,099 | | | | | | 93,943 | | |
AP Moller — Maersk A/S, Class B(b) | | | | | 169 | | | | | | 269,968 | | |
Carlsberg AS, Class B | | | | | 1,924 | | | | | | 243,531 | | |
Chr Hansen Holding A/S | | | | | 1,940 | | | | | | 195,413 | | |
Coloplast A/S, Class B | | | | | 2,412 | | | | | | 352,019 | | |
Danske Bank A/S* | | | | | 12,327 | | | | | | 163,860 | | |
DSV PANALPINA A/S | | | | | 3,696 | | | | | | 598,512 | | |
Genmab A/S* | | | | | 1,102 | | | | | | 367,078 | | |
GN Store Nord A/S | | | | | 2,413 | | | | | | 173,553 | | |
Novo Nordisk A/S, Class B | | | | | 27,832 | | | | | | 1,787,768 | | |
Novozymes A/S, Class B | | | | | 3,819 | | | | | | 229,506 | | |
Orsted A/S‡ | | | | | 3,090 | | | | | | 490,469 | | |
Pandora A/S | | | | | 1,819 | | | | | | 144,064 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Denmark (continued) | | ||||||||||||
Vestas Wind Systems A/S | | | | | 3,445 | | | | | $ | 588,050 | | |
Total Denmark | | | | | | | | | | | 5,697,734 | | |
Finland — 1.3% | | ||||||||||||
Elisa OYJ | | | | | 2,877 | | | | | | 141,558 | | |
Fortum OYJ | | | | | 8,153 | | | | | | 153,377 | | |
Huhtamaki OYJ | | | | | 1,700 | | | | | | 83,012 | | |
Kesko OYJ, Class B | | | | | 4,492 | | | | | | 115,429 | | |
Kone OYJ, Class B | | | | | 6,807 | | | | | | 541,877 | | |
Metso Outotec OYJ | | | | | 11,361 | | | | | | 79,999 | | |
Neste OYJ(b) | | | | | 7,415 | | | | | | 385,917 | | |
Nokia OYJ* | | | | | 98,452 | | | | | | 332,577 | | |
Nokian Renkaat OYJ(b) | | | | | 3,094 | | | | | | 95,111 | | |
Nordea Bank Abp* | | | | | 56,317 | | | | | | 423,781 | | |
Sampo OYJ, Class A | | | | | 9,029 | | | | | | 340,765 | | |
Stora Enso OYJ, Class R | | | | | 11,343 | | | | | | 165,491 | | |
UPM-Kymmene OYJ | | | | | 9,818 | | | | | | 277,449 | | |
Wartsila OYJ Abp | | | | | 10,743 | | | | | | 85,370 | | |
Total Finland | | | | | | | | | | | 3,221,713 | | |
France — 9.0% | | ||||||||||||
Accor SA*(b) | | | | | 4,446 | | | | | | 113,211 | | |
Adevinta ASA* | | | | | 4,338 | | | | | | 66,938 | | |
Air Liquide SA | | | | | 7,967 | | | | | | 1,164,685 | | |
Airbus SE* | | | | | 9,654 | | | | | | 703,853 | | |
Alstom SA* | | | | | 3,406 | | | | | | 152,669 | | |
Arkema SA | | | | | 1,456 | | | | | | 142,601 | | |
Atos SE* | | | | | 1,901 | | | | | | 129,763 | | |
AXA SA | | | | | 33,454 | | | | | | 537,770 | | |
BioMerieux | | | | | 687 | | | | | | 102,272 | | |
BNP Paribas SA* | | | | | 19,368 | | | | | | 673,553 | | |
Bouygues SA | | | | | 4,131 | | | | | | 135,458 | | |
Bureau Veritas SA* | | | | | 6,629 | | | | | | 145,556 | | |
Capgemini SE | | | | | 2,805 | | | | | | 323,930 | | |
Carrefour SA | | | | | 10,650 | | | | | | 165,739 | | |
Cie de Saint-Gobain* | | | | | 9,294 | | | | | | 362,675 | | |
Cie Generale des Etablissements Michelin | | | | | 3,196 | | | | | | 344,886 | | |
Covivio | | | | | 1,368 | | | | | | 81,429 | | |
Credit Agricole SA* | | | | | 20,432 | | | | | | 161,413 | | |
Danone SA | | | | | 9,973 | | | | | | 550,648 | | |
Dassault Systemes SE | | | | | 2,342 | | | | | | 399,800 | | |
Edenred | | | | | 4,839 | | | | | | 225,694 | | |
Engie SA* | | | | | 29,454 | | | | | | 356,304 | | |
EssilorLuxottica SA* | | | | | 5,161 | | | | | | 638,452 | | |
Gecina SA | | | | | 1,115 | | | | | | 138,453 | | |
Getlink SE* | | | | | 10,232 | | | | | | 137,542 | | |
Hermes International | | | | | 556 | | | | | | 517,477 | | |
Ipsen SA | | | | | 839 | | | | | | 76,377 | | |
Kering SA | | | | | 1,298 | | | | | | 783,959 | | |
Klepierre SA | | | | | 4,582 | | | | | | 58,044 | | |
Legrand SA | | | | | 4,915 | | | | | | 363,438 | | |
L’Oreal SA | | | | | 4,105 | | | | | | 1,327,880 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 4,295 | | | | | | 2,012,718 | | |
Orange SA | | | | | 33,114 | | | | | | 371,456 | | |
Orpea* | | | | | 1,195 | | | | | | 119,350 | | |
Pernod Ricard SA | | | | | 3,642 | | | | | | 587,146 | | |
Peugeot SA* | | | | | 9,770 | | | | | | 175,602 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | ||||||||||||
Publicis Groupe SA | | | | | 4,057 | | | | | $ | 140,829 | | |
Remy Cointreau SA(b) | | | | | 420 | | | | | | 70,939 | | |
Renault SA* | | | | | 3,516 | | | | | | 87,052 | | |
Rexel SA* | | | | | 7,876 | | | | | | 82,826 | | |
Rubis SCA | | | | | 2,128 | | | | | | 69,853 | | |
Safran SA* | | | | | 5,733 | | | | | | 604,500 | | |
Sanofi | | | | | 18,708 | | | | | | 1,686,047 | | |
Sartorius Stedim Biotech | | | | | 402 | | | | | | 152,469 | | |
Schneider Electric SE | | | | | 9,055 | | | | | | 1,099,072 | | |
SCOR SE* | | | | | 3,480 | | | | | | 84,560 | | |
Societe Generale SA* | | | | | 13,868 | | | | | | 188,034 | | |
Sodexo SA | | | | | 1,612 | | | | | | 103,463 | | |
Suez SA | | | | | 6,307 | | | | | | 115,490 | | |
Teleperformance | | | | | 1,069 | | | | | | 320,894 | | |
Thales SA | | | | | 2,070 | | | | | | 134,740 | | |
TOTAL SE | | | | | 42,181 | | | | | | 1,268,653 | | |
Ubisoft Entertainment SA* | | | | | 1,697 | | | | | | 149,719 | | |
Unibail-Rodamco-Westfield | | | | | 2,736 | | | | | | 111,227 | | |
Valeo SA | | | | | 4,764 | | | | | | 144,116 | | |
Veolia Environnement SA | | | | | 9,306 | | | | | | 173,333 | | |
Vinci SA | | | | | 8,270 | | | | | | 653,331 | | |
Vivendi SA | | | | | 14,646 | | | | | | 422,927 | | |
Worldline SA‡* | | | | | 4,199 | | | | | | 311,276 | | |
Total France | | | | | | | | | | | 22,524,091 | | |
Germany — 7.8% | | ||||||||||||
adidas AG* | | | | | 3,392 | | | | | | 1,007,548 | | |
Allianz SE | | | | | 7,291 | | | | | | 1,282,940 | | |
Aroundtown SA* | | | | | 24,216 | | | | | | 116,132 | | |
BASF SE | | | | | 16,286 | | | | | | 892,953 | | |
Bayer AG | | | | | 16,872 | | | | | | 793,209 | | |
Bayerische Motoren Werke AG | | | | | 6,170 | | | | | | 421,740 | | |
Bechtle AG | | | | | 555 | | | | | | 95,228 | | |
Beiersdorf AG | | | | | 1,925 | | | | | | 201,586 | | |
Brenntag AG | | | | | 3,323 | | | | | | 212,429 | | |
Commerzbank AG*(b) | | | | | 20,214 | | | | | | 95,245 | | |
Continental AG | | | | | 1,927 | | | | | | 204,893 | | |
Covestro AG‡ | | | | | 3,189 | | | | | | 152,192 | | |
CTS Eventim AG & Co. KGaA* | | | | | 1,451 | | | | | | 64,295 | | |
Daimler AG | | | | | 14,161 | | | | | | 732,397 | | |
Delivery Hero SE‡* | | | | | 2,542 | | | | | | 292,492 | | |
Deutsche Bank AG* | | | | | 37,606 | | | | | | 346,106 | | |
Deutsche Boerse AG | | | | | 3,224 | | | | | | 474,504 | | |
Deutsche Post AG | | | | | 17,056 | | | | | | 755,766 | | |
Deutsche Telekom AG | | | | | 55,829 | | | | | | 849,973 | | |
Deutsche Wohnen SE | | | | | 6,548 | | | | | | 330,497 | | |
E.ON SE | | | | | 38,854 | | | | | | 405,159 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 3,854 | | | | | | 294,410 | | |
Fresenius SE & Co. KGaA | | | | | 7,644 | | | | | | 283,507 | | |
GEA Group AG | | | | | 3,732 | | | | | | 124,200 | | |
Hannover Rueck SE | | | | | 1,247 | | | | | | 181,135 | | |
HeidelbergCement AG | | | | | 2,858 | | | | | | 163,527 | | |
HelloFresh SE* | | | | | 2,545 | | | | | | 136,132 | | |
Henkel AG & Co. KGaA | | | | | 1,620 | | | | | | 146,530 | | |
Infineon Technologies AG | | | | | 23,126 | | | | | | 643,826 | | |
Just Eat Takeaway.com NV‡* | | | | | 2,115 | | | | | | 234,309 | | |
KION Group AG | | | | | 1,450 | | | | | | 112,895 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | ||||||||||||
Knorr-Bremse AG | | | | | 1,112 | | | | | $ | 128,793 | | |
LANXESS AG | | | | | 2,226 | | | | | | 112,845 | | |
LEG Immobilien AG | | | | | 1,261 | | | | | | 170,419 | | |
Merck KGaA | | | | | 2,383 | | | | | | 352,948 | | |
MTU Aero Engines AG | | | | | 1,044 | | | | | | 178,220 | | |
Muenchener Rueckversicherungs-Gesellschaft AG | | | | | 2,352 | | | | | | 550,137 | | |
Puma SE* | | | | | 1,577 | | | | | | 137,846 | | |
RWE AG | | | | | 11,334 | | | | | | 419,704 | | |
SAP SE | | | | | 19,310 | | | | | | 2,057,907 | | |
Scout24 AG‡ | | | | | 2,056 | | | | | | 165,610 | | |
Siemens AG | | | | | 13,369 | | | | | | 1,568,188 | | |
Siemens Energy AG* | | | | | 6,643 | | | | | | 145,476 | | |
Symrise AG | | | | | 2,450 | | | | | | 302,083 | | |
TeamViewer AG‡* | | | | | 2,325 | | | | | | 102,373 | | |
thyssenkrupp AG*(b) | | | | | 9,288 | | | | | | 44,304 | | |
United Internet AG | | | | | 2,396 | | | | | | 84,009 | | |
Vonovia SE | | | | | 9,520 | | | | | | 607,919 | | |
Zalando SE‡* | | | | | 3,047 | | | | | | 284,583 | | |
Total Germany | | | | | | | | | | | 19,461,119 | | |
Hong Kong — 2.8% | | ||||||||||||
AIA Group Ltd. | | | | | 212,324 | | | | | | 2,000,073 | | |
ASM Pacific Technology Ltd. | | | | | 7,611 | | | | | | 76,553 | | |
CK Asset Holdings Ltd. | | | | | 53,741 | | | | | | 248,787 | | |
CK Infrastructure Holdings Ltd. | | | | | 19,947 | | | | | | 93,885 | | |
CLP Holdings Ltd. | | | | | 31,547 | | | | | | 290,051 | | |
Hang Lung Properties Ltd. | | | | | 50,743 | | | | | | 123,147 | | |
Hang Seng Bank Ltd. | | | | | 14,308 | | | | | | 219,929 | | |
Henderson Land Development Co., Ltd. | | | | | 39,072 | | | | | | 138,304 | | |
Hong Kong & China Gas Co., Ltd. | | | | | 201,924 | | | | | | 290,068 | | |
Hong Kong Exchanges & Clearing Ltd. | | | | | 22,839 | | | | | | 1,090,285 | | |
Hongkong Land Holdings Ltd. | | | | | 28,520 | | | | | | 104,668 | | |
Hysan Development Co., Ltd. | | | | | 23,281 | | | | | | 74,002 | | |
Jardine Matheson Holdings Ltd. | | | | | 4,236 | | | | | | 188,036 | | |
Jardine Strategic Holdings Ltd. | | | | | 3,905 | | | | | | 84,699 | | |
Link REIT | | | | | 39,829 | | | | | | 303,282 | | |
Man Wah Holdings Ltd. | | | | | 48,496 | | | | | | 67,039 | | |
MTR Corp., Ltd. | | | | | 30,836 | | | | | | 152,493 | | |
New World Development Co., Ltd. | | | | | 34,010 | | | | | | 161,830 | | |
Power Assets Holdings Ltd. | | | | | 31,517 | | | | | | 161,957 | | |
Sino Land Co., Ltd.(b) | | | | | 90,652 | | | | | | 107,078 | | |
Sun Hung Kai Properties Ltd. | | | | | 27,769 | | | | | | 355,042 | | |
Swire Pacific Ltd., Class A | | | | | 19,089 | | | | | | 86,893 | | |
Techtronic Industries Co., Ltd. | | | | | 25,880 | | | | | | 345,073 | | |
WH Group Ltd.‡ | | | | | 186,288 | | | | | | 146,295 | | |
Wharf Real Estate Investment Co., Ltd. | | | | | 36,238 | | | | | | 139,020 | | |
Total Hong Kong | | | | | | | | | | | 7,048,489 | | |
Ireland — 0.6% | | ||||||||||||
CRH PLC | | | | | 13,916 | | | | | | 489,420 | | |
Flutter Entertainment PLC* | | | | | 2,275 | | | | | | 392,995 | | |
Kerry Group PLC, Class A | | | | | 2,729 | | | | | | 326,470 | | |
Kingspan Group PLC* | | | | | 2,776 | | | | | | 242,037 | | |
Smurfit Kappa Group PLC | | | | | 4,518 | | | | | | 170,112 | | |
Total Ireland | | | | | | | | | | | 1,621,034 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Israel — 0.5% | | ||||||||||||
Bank Hapoalim BM* | | | | | 36,425 | | | | | $ | 213,743 | | |
Bank Leumi Le-Israel BM | | | | | 45,054 | | | | | | 213,592 | | |
Bezeq The Israeli Telecommunication Corp., Ltd.* | | | | | 66,183 | | | | | | 75,574 | | |
Israel Discount Bank Ltd., Class A | | | | | 46,354 | | | | | | 130,656 | | |
Nice Ltd.* | | | | | 1,500 | | | | | | 343,627 | | |
Teva Pharmaceutical Industries Ltd.* | | | | | 19,529 | | | | | | 169,286 | | |
Total Israel | | | | | | | | | | | 1,146,478 | | |
Italy — 1.8% | | ||||||||||||
Amplifon SpA* | | | | | 2,819 | | | | | | 102,485 | | |
Assicurazioni Generali SpA | | | | | 23,077 | | | | | | 309,403 | | |
Atlantia SpA* | | | | | 10,321 | | | | | | 158,155 | | |
DiaSorin SpA | | | | | 421 | | | | | | 92,441 | | |
Enel SpA | | | | | 137,313 | | | | | | 1,093,091 | | |
Eni SpA | | | | | 45,576 | | | | | | 319,119 | | |
Ferrari NV | | | | | 2,108 | | | | | | 376,060 | | |
FinecoBank Banca Fineco SpA* | | | | | 11,725 | | | | | | 160,480 | | |
Intesa Sanpaolo SpA* | | | | | 280,009 | | | | | | 463,028 | | |
Mediobanca Banca di Credito Finanziario SpA | | | | | 19,045 | | | | | | 135,060 | | |
Moncler SpA* | | | | | 3,834 | | | | | | 153,453 | | |
Nexi SpA‡* | | | | | 5,939 | | | | | | 91,249 | | |
Prysmian SpA | | | | | 5,368 | | | | | | 145,943 | | |
Recordati Industria Chimica e Farmaceutica SpA | | | | | 2,434 | | | | | | 126,140 | | |
Snam SpA | | | | | 45,105 | | | | | | 220,145 | | |
Telecom Italia SpA | | | | | 307,445 | | | | | | 104,358 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 32,804 | | | | | | 221,781 | | |
UniCredit SpA* | | | | | 38,860 | | | | | | 289,748 | | |
Total Italy | | | | | | | | | | | 4,562,139 | | |
Japan — 25.9% | | ||||||||||||
Advantest Corp. | | | | | 3,973 | | | | | | 229,168 | | |
Aeon Co., Ltd. | | | | | 13,978 | | | | | | 356,135 | | |
AGC, Inc. | | | | | 4,694 | | | | | | 145,705 | | |
Air Water, Inc. | | | | | 5,967 | | | | | | 85,047 | | |
Aisin Seiki Co., Ltd. | | | | | 3,982 | | | | | | 119,795 | | |
Ajinomoto Co., Inc. | | | | | 10,890 | | | | | | 218,498 | | |
Alfresa Holdings Corp. | | | | | 5,158 | | | | | | 94,289 | | |
Alps Alpine Co., Ltd. | | | | | 4,479 | | | | | | 63,967 | | |
Amada Co., Ltd. | | | | | 11,330 | | | | | | 98,083 | | |
Aozora Bank Ltd. | | | | | 4,609 | | | | | | 75,303 | | |
Asahi Group Holdings Ltd. | | | | | 8,758 | | | | | | 270,012 | | |
Asahi Intecc Co., Ltd. | | | | | 3,788 | | | | | | 117,220 | | |
Asahi Kasei Corp. | | | | | 26,088 | | | | | | 224,695 | | |
Astellas Pharma, Inc. | | | | | 35,530 | | | | | | 487,713 | | |
Bandai Namco Holdings, Inc. | | | | | 3,925 | | | | | | 291,953 | | |
Bank of Kyoto Ltd. (The)(b) | | | | | 1,967 | | | | | | 86,458 | | |
Bridgestone Corp. | | | | | 11,387 | | | | | | 369,255 | | |
Brother Industries Ltd. | | | | | 6,605 | | | | | | 101,470 | | |
Canon, Inc. | | | | | 19,217 | | | | | | 330,976 | | |
Capcom Co., Ltd. | | | | | 1,886 | | | | | | 103,735 | | |
Central Japan Railway Co. | | | | | 3,405 | | | | | | 409,909 | | |
Chiba Bank Ltd. (The) | | | | | 15,937 | | | | | | 81,865 | | |
Chubu Electric Power Co., Inc. | | | | | 13,508 | | | | | | 151,374 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 12,028 | | | | | | 462,642 | | |
Concordia Financial Group Ltd. | | | | | 30,456 | | | | | | 99,927 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
CyberAgent, Inc. | | | | | 1,932 | | | | | $ | 121,050 | | |
Dai Nippon Printing Co., Ltd. | | | | | 7,348 | | | | | | 136,290 | | |
Daifuku Co., Ltd. | | | | | 2,090 | | | | | | 214,518 | | |
Dai-ichi Life Holdings, Inc. | | | | | 21,048 | | | | | | 311,371 | | |
Daiichi Sankyo Co., Ltd. | | | | | 33,706 | | | | | | 886,016 | | |
Daikin Industries Ltd. | | | | | 4,887 | | | | | | 910,644 | | |
Daito Trust Construction Co., Ltd. | | | | | 1,497 | | | | | | 135,896 | | |
Daiwa House Industry Co., Ltd. | | | | | 12,522 | | | | | | 327,663 | | |
Daiwa Securities Group, Inc. | | | | | 33,333 | | | | | | 134,238 | | |
Denso Corp. | | | | | 8,263 | | | | | | 382,403 | | |
Dentsu Group, Inc. | | | | | 4,594 | | | | | | 131,439 | | |
Disco Corp. | | | | | 544 | | | | | | 145,861 | | |
East Japan Railway Co. | | | | | 6,760 | | | | | | 352,873 | | |
Eisai Co., Ltd. | | | | | 4,954 | | | | | | 383,326 | | |
ENEOS Holdings, Inc. | | | | | 60,152 | | | | | | 201,734 | | |
FamilyMart Co., Ltd. | | | | | 3,255 | | | | | | 71,240 | | |
FANUC Corp. | | | | | 3,451 | | | | | | 727,899 | | |
Fast Retailing Co., Ltd. | | | | | 951 | | | | | | 661,443 | | |
Fuji Electric Co., Ltd. | | | | | 2,958 | | | | | | 89,130 | | |
FUJIFILM Holdings Corp. | | | | | 6,834 | | | | | | 347,649 | | |
Fujitsu Ltd. | | | | | 3,615 | | | | | | 422,741 | | |
Fukuoka Financial Group, Inc. | | | | | 5,075 | | | | | | 84,373 | | |
Hamamatsu Photonics K.K. | | | | | 3,458 | | | | | | 173,330 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 5,198 | | | | | | 158,118 | | |
Hirose Electric Co., Ltd. | | | | | 920 | | | | | | 127,959 | | |
Hisamitsu Pharmaceutical Co., Inc. | | | | | 1,772 | | | | | | 84,328 | | |
Hitachi Ltd. | | | | | 16,890 | | | | | | 565,800 | | |
Honda Motor Co., Ltd. | | | | | 31,420 | | | | | | 731,851 | | |
Hoya Corp. | | | | | 6,573 | | | | | | 741,930 | | |
Idemitsu Kosan Co., Ltd. | | | | | 4,865 | | | | | | 97,961 | | |
Inpex Corp. | | | | | 21,508 | | | | | | 101,224 | | |
Isuzu Motors Ltd. | | | | | 13,174 | | | | | | 106,234 | | |
ITOCHU Corp. | | | | | 25,846 | | | | | | 618,089 | | |
Japan Exchange Group, Inc. | | | | | 10,102 | | | | | | 245,689 | | |
Japan Tobacco, Inc. | | | | | 22,343 | | | | | | 421,042 | | |
JFE Holdings, Inc.* | | | | | 10,682 | | | | | | 74,388 | | |
JGC Holdings Corp. | | | | | 6,272 | | | | | | 51,297 | | |
Kajima Corp. | | | | | 11,985 | | | | | | 127,485 | | |
Kakaku.com, Inc. | | | | | 3,323 | | | | | | 88,081 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 14,391 | | | | | | 130,901 | | |
Kansai Paint Co., Ltd. | | | | | 5,371 | | | | | | 138,154 | | |
Kao Corp. | | | | | 8,813 | | | | | | 625,526 | | |
KDDI Corp. | | | | | 30,985 | | | | | | 827,679 | | |
Keikyu Corp. | | | | | 6,738 | | | | | | 93,845 | | |
Keio Corp. | | | | | 2,874 | | | | | | 166,326 | | |
Keisei Electric Railway Co., Ltd. | | | | | 3,887 | | | | | | 108,385 | | |
Keyence Corp. | | | | | 3,210 | | | | | | 1,450,856 | | |
Kikkoman Corp. | | | | | 3,818 | | | | | | 189,183 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 3,973 | | | | | | 158,099 | | |
Kirin Holdings Co., Ltd. | | | | | 15,228 | | | | | | 273,708 | | |
Kobayashi Pharmaceutical Co., Ltd. | | | | | 1,369 | | | | | | 133,181 | | |
Koito Manufacturing Co., Ltd. | | | | | 2,752 | | | | | | 132,151 | | |
Komatsu Ltd. | | | | | 17,760 | | | | | | 397,706 | | |
Konami Holdings Corp.(b) | | | | | 2,127 | | | | | | 82,809 | | |
Kubota Corp. | | | | | 21,820 | | | | | | 377,895 | | |
Kuraray Co., Ltd. | | | | | 10,035 | | | | | | 92,344 | | |
Kurita Water Industries Ltd. | | | | | 4,549 | | | | | | 134,895 | | |
Kyocera Corp. | | | | | 6,060 | | | | | | 332,216 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Kyowa Kirin Co., Ltd. | | | | | 5,992 | | | | | $ | 148,453 | | |
Kyushu Electric Power Co., Inc. | | | | | 11,258 | | | | | | 94,337 | | |
Lasertec Corp. | | | | | 1,492 | | | | | | 129,019 | | |
Lion Corp. | | | | | 5,622 | | | | | | 114,925 | | |
LIXIL Group Corp. | | | | | 6,394 | | | | | | 137,984 | | |
M3, Inc. | | | | | 7,927 | | | | | | 532,839 | | |
Makita Corp. | | | | | 5,680 | | | | | | 249,933 | | |
Marubeni Corp. | | | | | 32,014 | | | | | | 166,348 | | |
Marui Group Co., Ltd. | | | | | 6,026 | | | | | | 108,023 | | |
Matsumotokiyoshi Holdings Co., Ltd. | | | | | 1,925 | | | | | | 70,986 | | |
Mazda Motor Corp. | | | | | 13,666 | | | | | | 71,376 | | |
MEIJI Holdings Co., Ltd. | | | | | 2,854 | | | | | | 206,392 | | |
MINEBEA MITSUMI, Inc. | | | | | 8,204 | | | | | | 147,066 | | |
MISUMI Group, Inc. | | | | | 6,879 | | | | | | 203,330 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 28,744 | | | | | | 161,180 | | |
Mitsubishi Corp. | | | | | 23,006 | | | | | | 511,770 | | |
Mitsubishi Electric Corp. | | | | | 38,003 | | | | | | 487,125 | | |
Mitsubishi Estate Co., Ltd. | | | | | 22,631 | | | | | | 336,413 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 6,299 | | | | | | 134,639 | | |
Mitsubishi Materials Corp. | | | | | 3,523 | | | | | | 64,333 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 231,067 | | | | | | 906,674 | | |
Mitsui & Co., Ltd. | | | | | 31,584 | | | | | | 492,461 | | |
Mitsui Chemicals, Inc. | | | | | 4,412 | | | | | | 112,516 | | |
Mitsui Fudosan Co., Ltd. | | | | | 17,405 | | | | | | 295,439 | | |
Mizuho Financial Group, Inc. | | | | | 44,111 | | | | | | 540,733 | | |
MonotaRO Co., Ltd. | | | | | 2,778 | | | | | | 154,127 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 9,811 | | | | | | 266,954 | | |
Murata Manufacturing Co., Ltd. | | | | | 10,494 | | | | | | 729,481 | | |
Nabtesco Corp. | | | | | 3,188 | | | | | | 118,628 | | |
NEC Corp. | | | | | 5,143 | | | | | | 258,282 | | |
Nexon Co., Ltd. | | | | | 7,718 | | | | | | 215,505 | | |
NGK Spark Plug Co., Ltd. | | | | | 5,250 | | | | | | 91,652 | | |
NH Foods Ltd. | | | | | 2,936 | | | | | | 119,923 | | |
Nidec Corp. | | | | | 8,284 | | | | | | 832,045 | | |
Nihon M&A Center, Inc. | | | | | 3,056 | | | | | | 178,613 | | |
Nintendo Co., Ltd. | | | | | 1,869 | | | | | | 1,018,707 | | |
Nippon Express Co., Ltd. | | | | | 1,895 | | | | | | 106,043 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 2,977 | | | | | | 267,400 | | |
Nippon Shinyaku Co., Ltd. | | | | | 1,252 | | | | | | 89,103 | | |
Nippon Steel Corp.* | | | | | 15,588 | | | | | | 150,080 | | |
Nippon Telegraph & Telephone Corp. | | | | | 23,833 | | | | | | 500,643 | | |
Nissan Chemical Corp. | | | | | 3,037 | | | | | | 160,362 | | |
Nissan Motor Co., Ltd.* | | | | | 37,384 | | | | | | 130,883 | | |
Nisshin Seifun Group, Inc.(b) | | | | | 8,018 | | | | | | 120,492 | | |
Nissin Foods Holdings Co., Ltd. | | | | | 1,985 | | | | | | 171,651 | | |
Nitori Holdings Co., Ltd. | | | | | 1,502 | | | | | | 309,624 | | |
Nitto Denko Corp. | | | | | 3,335 | | | | | | 233,201 | | |
Nomura Holdings, Inc. | | | | | 61,911 | | | | | | 275,088 | | |
Nomura Research Institute Ltd. | | | | | 6,172 | | | | | | 182,728 | | |
NSK Ltd. | | | | | 11,209 | | | | | | 88,887 | | |
NTT Data Corp. | | | | | 14,433 | | | | | | 162,223 | | |
NTT DOCOMO, Inc. | | | | | 21,237 | | | | | | 789,633 | | |
Obayashi Corp. | | | | | 18,527 | | | | | | 154,185 | | |
Obic Co., Ltd. | | | | | 1,402 | | | | | | 248,777 | | |
Odakyu Electric Railway Co., Ltd.(b) | | | | | 7,393 | | | | | | 177,718 | | |
Oji Holdings Corp. | | | | | 23,977 | | | | | | 100,688 | | |
Olympus Corp. | | | | | 19,381 | | | | | | 368,747 | | |
Omron Corp. | | | | | 4,096 | | | | | | 293,859 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Ono Pharmaceutical Co., Ltd. | | | | | 9,265 | | | | | $ | 263,398 | | |
Oriental Land Co., Ltd. | | | | | 3,608 | | | | | | 503,374 | | |
ORIX Corp. | | | | | 24,376 | | | | | | 283,423 | | |
Osaka Gas Co., Ltd. | | | | | 8,002 | | | | | | 151,712 | | |
Otsuka Corp. | | | | | 2,165 | | | | | | 99,821 | | |
Otsuka Holdings Co., Ltd. | | | | | 8,396 | | | | | | 309,610 | | |
Pan Pacific International Holdings Corp. | | | | | 10,221 | | | | | | 217,248 | | |
Panasonic Corp. | | | | | 39,842 | | | | | | 366,139 | | |
PeptiDream, Inc.* | | | | | 2,156 | | | | | | 99,509 | | |
Pigeon Corp. | | | | | 2,363 | | | | | | 108,611 | | |
Rakuten, Inc. | | | | | 15,470 | | | | | | 150,201 | | |
Recruit Holdings Co., Ltd. | | | | | 22,151 | | | | | | 841,204 | | |
Renesas Electronics Corp.* | | | | | 13,863 | | | | | | 114,177 | | |
Resona Holdings, Inc. | | | | | 48,590 | | | | | | 159,193 | | |
Ricoh Co., Ltd. | | | | | 16,014 | | | | | | 104,472 | | |
Rohm Co., Ltd. | | | | | 1,990 | | | | | | 152,286 | | |
Ryohin Keikaku Co., Ltd. | | | | | 5,839 | | | | | | 121,874 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 9,501 | | | | | | 168,771 | | |
SBI Holdings, Inc. | | | | | 5,615 | | | | | | 128,532 | | |
Secom Co., Ltd. | | | | | 4,024 | | | | | | 338,541 | | |
Sekisui Chemical Co., Ltd. | | | | | 10,328 | | | | | | 160,047 | | |
Sekisui House Ltd. | | | | | 14,361 | | | | | | 237,175 | | |
Seven & i Holdings Co., Ltd. | | | | | 14,314 | | | | | | 435,280 | | |
SG Holdings Co., Ltd. | | | | | 8,368 | | | | | | 201,315 | | |
Shimadzu Corp. | | | | | 6,025 | | | | | | 171,229 | | |
Shimano, Inc. | | | | | 1,563 | | | | | | 355,316 | | |
Shimizu Corp. | | | | | 16,923 | | | | | | 117,202 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 7,241 | | | | | | 962,096 | | |
Shionogi & Co., Ltd. | | | | | 5,502 | | | | | | 259,153 | | |
Shiseido Co., Ltd. | | | | | 7,023 | | | | | | 433,311 | | |
Shizuoka Bank Ltd. (The) | | | | | 16,894 | | | | | | 113,122 | | |
SMC Corp. | | | | | 1,077 | | | | | | 569,716 | | |
SoftBank Corp. | | | | | 47,998 | | | | | | 556,701 | | |
SoftBank Group Corp. | | | | | 25,552 | | | | | | 1,660,367 | | |
Sompo Holdings, Inc. | | | | | 7,031 | | | | | | 261,695 | | |
Sony Corp. | | | | | 21,237 | | | | | | 1,762,098 | | |
Stanley Electric Co., Ltd. | | | | | 4,018 | | | | | | 113,768 | | |
Subaru Corp. | | | | | 11,454 | | | | | | 208,777 | | |
SUMCO Corp. | | | | | 5,377 | | | | | | 81,524 | | |
Sumitomo Chemical Co., Ltd. | | | | | 37,965 | | | | | | 123,475 | | |
Sumitomo Corp. | | | | | 23,738 | | | | | | 259,883 | | |
Sumitomo Electric Industries Ltd. | | | | | 17,407 | | | | | | 190,738 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 4,901 | | | | | | 151,099 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 24,800 | | | | | | 683,459 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 7,512 | | | | | | 200,016 | | |
Sumitomo Realty & Development Co., Ltd. | | | | | 8,583 | | | | | | 228,820 | | |
Suntory Beverage & Food Ltd. | | | | | 3,032 | | | | | | 104,412 | | |
Suzuki Motor Corp. | | | | | 8,048 | | | | | | 343,122 | | |
Sysmex Corp. | | | | | 3,559 | | | | | | 333,635 | | |
T&D Holdings, Inc. | | | | | 14,415 | | | | | | 142,992 | | |
Taiheiyo Cement Corp. | | | | | 3,699 | | | | | | 86,477 | | |
Taisei Corp. | | | | | 4,984 | | | | | | 154,707 | | |
Taiyo Yuden Co., Ltd. | | | | | 2,883 | | | | | | 105,899 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 27,416 | | | | | | 849,440 | | |
TDK Corp. | | | | | 2,401 | | | | | | 280,431 | | |
Teijin Ltd. | | | | | 7,408 | | | | | | 113,097 | | |
Terumo Corp. | | | | | 12,423 | | | | | | 455,969 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
TIS, Inc. | | | | | 5,588 | | | | | $ | 106,960 | | |
Tobu Railway Co., Ltd. | | | | | 5,282 | | | | | | 149,305 | | |
Toho Co., Ltd. | | | | | 3,527 | | | | | | 139,339 | | |
Toho Gas Co., Ltd. | | | | | 1,890 | | | | | | 97,447 | | |
Tohoku Electric Power Co., Inc. | | | | | 11,252 | | | | | | 99,238 | | |
Tokio Marine Holdings, Inc. | | | | | 12,240 | | | | | | 545,496 | | |
Tokyo Century Corp. | | | | | 1,505 | | | | | | 73,278 | | |
Tokyo Electron Ltd. | | | | | 2,681 | | | | | | 715,515 | | |
Tokyo Gas Co., Ltd. | | | | | 9,444 | | | | | | 213,696 | | |
Tokyu Corp. | | | | | 12,036 | | | | | | 142,189 | | |
Toppan Printing Co., Ltd. | | | | | 7,471 | | | | | | 94,549 | | |
Toray Industries, Inc. | | | | | 32,218 | | | | | | 144,972 | | |
Toshiba Corp. | | | | | 8,429 | | | | | | 211,975 | | |
Tosoh Corp. | | | | | 6,733 | | | | | | 108,846 | | |
TOTO Ltd. | | | | | 3,868 | | | | | | 175,566 | | |
Toyo Suisan Kaisha Ltd. | | | | | 2,926 | | | | | | 145,544 | | |
Toyota Industries Corp. | | | | | 3,532 | | | | | | 227,043 | | |
Toyota Motor Corp. | | | | | 42,453 | | | | | | 2,762,653 | | |
Toyota Tsusho Corp. | | | | | 5,436 | | | | | | 150,746 | | |
Trend Micro, Inc. | | | | | 2,575 | | | | | | 144,096 | | |
Tsuruha Holdings, Inc. | | | | | 949 | | | | | | 132,718 | | |
Unicharm Corp. | | | | | 7,538 | | | | | | 348,995 | | |
USS Co., Ltd. | | | | | 6,811 | | | | | | 124,440 | | |
West Japan Railway Co. | | | | | 3,634 | | | | | �� | 155,038 | | |
Yakult Honsha Co., Ltd. | | | | | 3,008 | | | | | | 145,595 | | |
Yamada Holdings Co., Ltd. | | | | | 17,893 | | | | | | 86,949 | | |
Yamaha Corp. | | | | | 3,412 | | | | | | 160,580 | | |
Yamaha Motor Co., Ltd. | | | | | 8,122 | | | | | | 115,218 | | |
Yamato Holdings Co., Ltd. | | | | | 7,126 | | | | | | 187,727 | | |
Yaskawa Electric Corp. | | | | | 5,176 | | | | | | 199,782 | | |
Yokogawa Electric Corp. | | | | | 5,569 | | | | | | 81,292 | | |
Z Holdings Corp. | | | | | 50,231 | | | | | | 348,407 | | |
Total Japan | | | | | | | | | | | 64,790,735 | | |
Jordan — 0.0%(c) | | ||||||||||||
Hikma Pharmaceuticals PLC | | | | | 3,448 | | | | | | 111,903 | | |
Luxembourg — 0.1% | | ||||||||||||
ArcelorMittal SA* | | | | | 11,882 | | | | | | 161,272 | | |
Eurofins Scientific SE* | | | | | 227 | | | | | | 180,811 | | |
Total Luxembourg | | | | | | | | | | | 342,083 | | |
Macau — 0.2% | | ||||||||||||
Galaxy Entertainment Group Ltd. | | | | | 42,785 | | | | | | 281,928 | | |
Sands China Ltd. | | | | | 49,319 | | | | | | 172,668 | | |
Total Macau | | | | | | | | | | | 454,596 | | |
Netherlands — 3.9% | | ||||||||||||
Adyen NV‡* | | | | | 476 | | | | | | 802,593 | | |
Aegon NV | | | | | 38,295 | | | | | | 103,267 | | |
Akzo Nobel NV | | | | | 3,635 | | | | | | 350,171 | | |
Argenx SE* | | | | | 860 | | | | | | 214,780 | | |
ASM International NV | | | | | 842 | | | | | | 120,443 | | |
ASML Holding NV | | | | | 6,756 | | | | | | 2,455,354 | | |
ASR Nederland NV | | | | | 3,023 | | | | | | 91,907 | | |
Euronext NV‡ | | | | | 1,072 | | | | | | 111,823 | | |
EXOR NV | | | | | 2,180 | | | | | | 113,256 | | |
Heineken Holding NV | | | | | 1,992 | | | | | | 153,957 | | |
Heineken NV(b) | | | | | 4,224 | | | | | | 374,929 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Netherlands (continued) | | ||||||||||||
ING Groep NV* | | | | | 70,010 | | | | | $ | 477,808 | | |
Koninklijke Ahold Delhaize NV | | | | | 18,795 | | | | | | 516,464 | | |
Koninklijke DSM NV | | | | | 3,077 | | | | | | 492,654 | | |
Koninklijke KPN NV | | | | | 66,763 | | | | | | 180,424 | | |
Koninklijke Philips NV* | | | | | 15,796 | | | | | | 733,698 | | |
NN Group NV | | | | | 6,876 | | | | | | 239,804 | | |
Randstad NV* | | | | | 2,274 | | | | | | 113,663 | | |
Royal Dutch Shell PLC, Class A | | | | | 70,940 | | | | | | 885,517 | | |
Royal Dutch Shell PLC, Class B | | | | | 64,212 | | | | | | 771,313 | | |
Signify NV‡* | | | | | 2,456 | | | | | | 87,514 | | |
Wolters Kluwer NV | | | | | 4,770 | | | | | | 386,609 | | |
Total Netherlands | | | | | | | | | | | 9,777,948 | | |
New Zealand — 0.4% | | ||||||||||||
a2 Milk Co., Ltd.* | | | | | 16,136 | | | | | | 156,125 | | |
Auckland International Airport Ltd.* | | | | | 32,839 | | | | | | 151,923 | | |
Fisher & Paykel Healthcare Corp., Ltd. | | | | | 12,392 | | | | | | 286,646 | | |
SKYCITY Entertainment Group Ltd.(b) | | | | | 35,839 | | | | | | 66,321 | | |
Spark New Zealand Ltd. | | | | | 55,228 | | | | | | 163,886 | | |
Xero Ltd.* | | | | | 2,044 | | | | | | 158,109 | | |
Total New Zealand | | | | | | | | | | | 983,010 | | |
Norway — 0.5% | | ||||||||||||
DNB ASA* | | | | | 20,440 | | | | | | 275,203 | | |
Equinor ASA | | | | | 18,455 | | | | | | 234,094 | | |
Mowi ASA | | | | | 8,817 | | | | | | 138,958 | | |
Norsk Hydro ASA* | | | | | 30,678 | | | | | | 85,787 | | |
Orkla ASA | | | | | 17,465 | | | | | | 164,585 | | |
Schibsted ASA, Class A* | | | | | 3,362 | | | | | | 136,888 | | |
Telenor ASA | | | | | 12,737 | | | | | | 196,142 | | |
Total Norway | | | | | | | | | | | 1,231,657 | | |
Poland — 0.3% | | ||||||||||||
Allegro.eu SA‡* | | | | | 5,200 | | | | | | 105,543 | | |
Bank Polska Kasa Opieki SA* | | | | | 5,918 | | | | | | 63,111 | | |
CD Projekt SA* | | | | | 1,299 | | | | | | 109,919 | | |
KGHM Polska Miedz SA* | | | | | 2,934 | | | | | | 87,457 | | |
Polski Koncern Naftowy ORLEN SA | | | | | 6,625 | | | | | | 63,681 | | |
Powszechna Kasa Oszczednosci Bank Polski SA* | | | | | 20,123 | | | | | | 96,231 | | |
Powszechny Zaklad Ubezpieczen SA* | | | | | 17,433 | | | | | | 95,000 | | |
Total Poland | | | | | | | | | | | 620,942 | | |
Portugal — 0.1% | | ||||||||||||
EDP — Energias de Portugal SA | | | | | 54,545 | | | | | | 268,887 | | |
Galp Energia SGPS SA | | | | | 10,954 | | | | | | 88,732 | | |
Total Portugal | | | | | | | | | | | 357,619 | | |
Russia — 0.1% | | ||||||||||||
Polymetal International PLC | | | | | 8,347 | | | | | | 176,946 | | |
Singapore — 1.0% | | ||||||||||||
Ascendas Real Estate Investment Trust | | | | | 100,292 | | | | | | 211,528 | | |
CapitaLand Ltd. | | | | | 63,128 | | | | | | 118,813 | | |
CapitaLand Mall Trust | | | | | 177,151 | | | | | | 224,439 | | |
ComfortDelGro Corp., Ltd. | | | | | 64,039 | | | | | | 63,312 | | |
DBS Group Holdings Ltd. | | | | | 32,679 | | | | | | 487,014 | | |
Genting Singapore Ltd. | | | | | 211,258 | | | | | | 99,789 | | |
Keppel Corp., Ltd. | | | | | 35,863 | | | | | | 115,297 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Singapore (continued) | | ||||||||||||
Keppel DC REIT | | | | | 43,531 | | | | | $ | 92,449 | | |
Oversea-Chinese Banking Corp., Ltd. | | | | | 63,133 | | | | | | 389,293 | | |
Singapore Exchange Ltd. | | | | | 21,507 | | | | | | 136,397 | | |
Singapore Technologies Engineering Ltd. | | | | | 50,320 | | | | | | 128,610 | | |
Singapore Telecommunications Ltd. | | | | | 148,926 | | | | | | 221,399 | | |
United Overseas Bank Ltd. | | | | | 23,900 | | | | | | 332,377 | | |
Total Singapore | | | | | | | | | | | 2,620,717 | | |
South Africa — 0.2% | | ||||||||||||
Anglo American PLC | | | | | 22,061 | | | | | | 516,643 | | |
South Korea — 5.0% | | ||||||||||||
Alteogen, Inc.* | | | | | 383 | | | | | | 53,432 | | |
Amorepacific Corp. | | | | | 765 | | | | | | 106,522 | | |
Celltrion Healthcare Co., Ltd.* | | | | | 1,582 | | | | | | 118,089 | | |
Celltrion, Inc.* | | | | | 1,893 | | | | | | 402,056 | | |
CJ CheilJedang Corp. | | | | | 270 | | | | | | 85,899 | | |
Coway Co., Ltd.* | | | | | 1,576 | | | | | | 96,391 | | |
E-MART, Inc. | | | | | 637 | | | | | | 79,716 | | |
Hana Financial Group, Inc. | | | | | 7,399 | | | | | | 198,228 | | |
Hankook Tire & Technology Co., Ltd. | | | | | 3,208 | | | | | | 89,480 | | |
Hanwha Solutions Corp. | | | | | 2,064 | | | | | | 79,490 | | |
HLB, Inc.* | | | | | 897 | | | | | | 72,728 | | |
Hotel Shilla Co., Ltd. | | | | | 883 | | | | | | 57,741 | | |
Hyundai Mobis Co., Ltd. | | | | | 1,245 | | | | | | 247,420 | | |
Hyundai Motor Co. | | | | | 3,070 | | | | | | 445,065 | | |
Industrial Bank of Korea | | | | | 14,559 | | | | | | 104,827 | | |
Kakao Corp. | | | | | 1,062 | | | | | | 308,857 | | |
KB Financial Group, Inc. | | | | | 8,040 | | | | | | 284,132 | | |
Kia Motors Corp. | | | | | 5,577 | | | | | | 248,205 | | |
Korea Electric Power Corp.* | | | | | 6,197 | | | | | | 108,954 | | |
Korea Zinc Co., Ltd. | | | | | 293 | | | | | | 98,768 | | |
KT&G Corp. | | | | | 2,874 | | | | | | 205,159 | | |
LG Chem Ltd. | | | | | 899 | | | | | | 484,083 | | |
LG Corp. | | | | | 2,483 | | | | | | 148,363 | | |
LG Electronics, Inc. | | | | | 2,447 | | | | | | 181,147 | | |
LG Household & Health Care Ltd. | | | | | 202 | | | | | | 267,031 | | |
NAVER Corp. | | | | | 2,456 | | | | | | 627,690 | | |
NCSoft Corp. | | | | | 342 | | | | | | 233,887 | | |
Orion Corp. | | | | | 697 | | | | | | 66,647 | | |
POSCO | | | | | 1,346 | | | | | | 246,733 | | |
Samsung Biologics Co., Ltd.‡* | | | | | 281 | | | | | | 168,892 | | |
Samsung C&T Corp. | | | | | 1,674 | | | | | | 163,018 | | |
Samsung Electro-Mechanics Co., Ltd. | | | | | 1,168 | | | | | | 137,418 | | |
Samsung Electronics Co., Ltd. | | | | | 81,456 | | | | | | 4,063,109 | | |
Samsung Fire & Marine Insurance Co., Ltd. | | | | | 799 | | | | | | 126,043 | | |
Samsung Life Insurance Co., Ltd. | | | | | 1,776 | | | | | | 98,919 | | |
Samsung SDI Co., Ltd. | | | | | 984 | | | | | | 383,298 | | |
Samsung SDS Co., Ltd. | | | | | 696 | | | | | | 103,354 | | |
Shinhan Financial Group Co., Ltd. | | | | | 9,800 | | | | | | 262,122 | | |
SK Holdings Co., Ltd. | | | | | 664 | | | | | | 106,795 | | |
SK Hynix, Inc. | | | | | 9,208 | | | | | | 648,382 | | |
SK Innovation Co., Ltd. | | | | | 1,142 | | | | | | 126,307 | | |
SK Telecom Co., Ltd. | | | | | 717 | | | | | | 135,223 | | |
Woori Financial Group, Inc. | | | | | 17,445 | | | | | | 136,676 | | |
Total South Korea | | | | | | | | | | | 12,406,296 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Spain — 2.1% | | ||||||||||||
Abertis Infraestructuras SA*(a) | | | | | 5,353 | | | | | $ | 37,350 | | |
ACS Actividades de Construccion y Servicios SA | | | | | 5,041 | | | | | | 119,789 | | |
Aena SME SA‡* | | | | | 1,337 | | | | | | 180,036 | | |
Amadeus IT Group SA | | | | | 7,588 | | | | | | 362,306 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 118,205 | | | | | | 338,995 | | |
Banco Santander SA* | | | | | 288,593 | | | | | | 575,115 | | |
Bankinter SA | | | | | 18,213 | | | | | | 68,250 | | |
CaixaBank SA | | | | | 67,363 | | | | | | 122,567 | | |
Cellnex Telecom SA‡* | | | | | 6,051 | | | | | | 388,513 | | |
Enagas SA | | | | | 4,935 | | | | | | 106,520 | | |
Endesa SA | | | | | 5,637 | | | | | | 151,089 | | |
Ferrovial SA | | | | | 8,993 | | | | | | 194,582 | | |
Grifols SA(b) | | | | | 6,070 | | | | | | 163,968 | | |
Iberdrola SA | | | | | 100,061 | | | | | | 1,180,130 | | |
Industria de Diseno Textil SA* | | | | | 18,445 | | | | | | 455,281 | | |
Merlin Properties Socimi SA | | | | | 7,716 | | | | | | 51,906 | | |
Naturgy Energy Group SA | | | | | 5,663 | | | | | | 105,215 | | |
Red Electrica Corp. SA | | | | | 8,818 | | | | | | 155,359 | | |
Repsol SA | | | | | 26,051 | | | | | | 162,045 | | |
Siemens Gamesa Renewable Energy SA | | | | | 3,535 | | | | | | 100,185 | | |
Telefonica SA | | | | | 84,498 | | | | | | 276,187 | | |
Total Spain | | | | | | | | | | | 5,295,388 | | |
Sweden — 3.1% | | ||||||||||||
Alfa Laval AB* | | | | | 6,537 | | | | | | 132,559 | | |
Assa Abloy AB, B Shares | | | | | 16,137 | | | | | | 346,266 | | |
Atlas Copco AB, A Shares | | | | | 11,013 | | | | | | 486,118 | | |
Atlas Copco AB, B Shares | | | | | 6,687 | | | | | | 256,402 | | |
Boliden AB | | | | | 5,394 | | | | | | 147,377 | | |
Castellum AB | | | | | 5,029 | | | | | | 104,748 | | |
Electrolux AB, Series B*(b) | | | | | 4,994 | | | | | | 112,715 | | |
Elekta AB, B Shares | | | | | 6,491 | | | | | | 76,059 | | |
Epiroc AB, A Shares | | | | | 11,115 | | | | | | 166,079 | | |
Epiroc AB, B Shares | | | | | 6,998 | | | | | | 100,318 | | |
EQT AB | | | | | 3,956 | | | | | | 75,354 | | |
Essity AB, B Shares(b) | | | | | 11,082 | | | | | | 321,088 | | |
Evolution Gaming Group AB‡ | | | | | 2,522 | | | | | | 187,284 | | |
Hennes & Mauritz AB, B Shares(b) | | | | | 15,744 | | | | | | 255,763 | | |
Hexagon AB, B Shares* | | | | | 4,711 | | | | | | 344,229 | | |
Husqvarna AB, B Shares | | | | | 7,954 | | | | | | 82,211 | | |
Industrivarden AB, A Shares* | | | | | 7,399 | | | | | | 198,999 | | |
Investor AB, B Shares | | | | | 10,027 | | | | | | 601,993 | | |
Kinnevik AB, B Shares | | | | | 5,129 | | | | | | 210,406 | | |
Lundin Energy AB | | | | | 4,828 | | | | | | 92,127 | | |
Nibe Industrier AB, B Shares* | | | | | 5,244 | | | | | | 126,429 | | |
Sandvik AB* | | | | | 19,672 | | | | | | 350,293 | | |
Securitas AB, B Shares* | | | | | 6,804 | | | | | | 96,276 | | |
Skandinaviska Enskilda Banken AB, A Shares* | | | | | 26,168 | | | | | | 224,310 | | |
Skanska AB, B Shares(b) | | | | | 6,916 | | | | | | 129,988 | | |
SKF AB, B Shares | | | | | 7,947 | | | | | | 162,669 | | |
Svenska Cellulosa AB SCA, B Shares* | | | | | 11,319 | | | | | | 153,550 | | |
Svenska Handelsbanken AB, A Shares* | | | | | 26,489 | | | | | | 214,622 | | |
Swedbank AB, A Shares* | | | | | 17,715 | | | | | | 277,632 | | |
Swedish Match AB | | | | | 2,987 | | | | | | 225,036 | | |
Swedish Orphan Biovitrum AB* | | | | | 3,324 | | | | | | 57,397 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden (continued) | | ||||||||||||
Tele2 AB, B Shares | | | | | 10,415 | | | | | $ | 123,501 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 52,880 | | | | | | 589,803 | | |
Telia Co. AB(b) | | | | | 44,686 | | | | | | 171,291 | | |
Trelleborg AB, B Shares* | | | | | 6,479 | | | | | | 107,654 | | |
Volvo AB, B Shares* | | | | | 28,533 | | | | | | 555,039 | | |
Total Sweden | | | | | | | | | | | 7,863,585 | | |
Switzerland — 9.2% | | ||||||||||||
ABB Ltd. | | | | | 31,380 | | | | | | 761,775 | | |
Adecco Group AG | | | | | 3,016 | | | | | | 148,077 | | |
Alcon, Inc.* | | | | | 7,902 | | | | | | 449,178 | | |
Baloise Holding AG | | | | | 1,007 | | | | | | 137,665 | | |
Chocoladefabriken Lindt & Spruengli AG(b) | | | | | 32 | | | | | | 253,821 | | |
Cie Financiere Richemont SA, Class A | | | | | 9,060 | | | | | | 568,381 | | |
Clariant AG | | | | | 5,683 | | | | | | 97,471 | | |
Coca-Cola HBC AG* | | | | | 4,127 | | | | | | 93,651 | | |
Credit Suisse Group AG | | | | | 40,624 | | | | | | 382,239 | | |
EMS-Chemie Holding AG | | | | | 145 | | | | | | 127,511 | | |
Geberit AG | | | | | 714 | | | | | | 406,642 | | |
Givaudan SA | | | | | 163 | | | | | | 664,413 | | |
Julius Baer Group Ltd. | | | | | 4,221 | | | | | | 188,542 | | |
Kuehne + Nagel International AG | | | | | 779 | | | | | | 155,622 | | |
LafargeHolcim Ltd.* | | | | | 8,689 | | | | | | 373,043 | | |
Logitech International SA | | | | | 2,333 | | | | | | 196,506 | | |
Lonza Group AG | | | | | 1,329 | | | | | | 805,042 | | |
Nestle SA(d) | | | | | 47,577 | | | | | | 5,351,796 | | |
Novartis AG | | | | | 36,658 | | | | | | 2,859,288 | | |
Partners Group Holding AG | | | | | 324 | | | | | | 292,203 | | |
PSP Swiss Property AG | | | | | 1,088 | | | | | | 131,645 | | |
Roche Holding AG | | | | | 12,322 | | | | | | 3,962,587 | | |
Schindler Holding AG — Participating Certificate | | | | | 983 | | | | | | 251,501 | | |
SGS SA | | | | | 123 | | | | | | 307,450 | | |
SIG Combibloc Group AG* | | | | | 4,538 | | | | | | 93,330 | | |
Sika AG | | | | | 2,544 | | | | | | 626,459 | | |
Sonova Holding AG* | | | | | 995 | | | | | | 236,116 | | |
Straumann Holding AG | | | | | 175 | | | | | | 182,532 | | |
Swatch Group AG (The) — Bearer | | | | | 634 | | | | | | 134,160 | | |
Swiss Life Holding AG | | | | | 659 | | | | | | 221,596 | | |
Swiss Prime Site AG | | | | | 1,633 | | | | | | 137,368 | | |
Swiss Re AG | | | | | 5,056 | | | | | | 362,644 | | |
Swisscom AG | | | | | 465 | | | | | | 236,571 | | |
Temenos AG | | | | | 1,076 | | | | | | 115,565 | | |
UBS Group AG | | | | | 58,723 | | | | | | 682,021 | | |
Vifor Pharma AG | | | | | 1,077 | | | | | | 121,207 | | |
Zurich Insurance Group AG | | | | | 2,486 | | | | | | 824,553 | | |
Total Switzerland | | | | | | | | | | | 22,940,171 | | |
United Kingdom — 11.1% | | ||||||||||||
3i Group PLC | | | | | 17,922 | | | | | | 222,694 | | |
Admiral Group PLC | | | | | 3,968 | | | | | | 141,092 | | |
Ashtead Group PLC | | | | | 8,233 | | | | | | 298,068 | | |
Associated British Foods PLC | | | | | 6,510 | | | | | | 142,886 | | |
AstraZeneca PLC | | | | | 22,523 | | | | | | 2,261,634 | | |
Auto Trader Group PLC‡(b) | | | | | 18,260 | | | | | | 136,703 | | |
Aviva PLC | | | | | 71,370 | | | | | | 237,625 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | ||||||||||||
B&M European Value Retail SA | | | | | 15,919 | | | | | $ | 99,788 | | |
BAE Systems PLC | | | | | 55,601 | | | | | | 285,412 | | |
Barclays PLC* | | | | | 304,629 | | | | | | 419,724 | | |
Barratt Developments PLC* | | | | | 20,117 | | | | | | 125,504 | | |
Berkeley Group Holdings PLC | | | | | 2,560 | | | | | | 134,290 | | |
BP PLC | | | | | 341,508 | | | | | | 868,127 | | |
British American Tobacco PLC | | | | | 39,640 | | | | | | 1,254,711 | | |
British Land Co. PLC (The) | | | | | 19,184 | | | | | | 86,470 | | |
BT Group PLC | | | | | 148,914 | | | | | | 195,242 | | |
Bunzl PLC | | | | | 6,788 | | | | | | 210,645 | | |
Burberry Group PLC | | | | | 7,796 | | | | | | 136,688 | | |
CK Hutchison Holdings Ltd. | | | | | 48,093 | | | | | | 289,618 | | |
CNH Industrial NV* | | | | | 17,562 | | | | | | 136,244 | | |
Compass Group PLC | | | | | 30,976 | | | | | | 422,548 | | |
Croda International PLC | | | | | 2,375 | | | | | | 185,297 | | |
DCC PLC | | | | | 1,961 | | | | | | 127,387 | | |
Diageo PLC | | | | | 39,706 | | | | | | 1,282,983 | | |
Direct Line Insurance Group PLC | | | | | 29,967 | | | | | | 102,099 | | |
DS Smith PLC* | | | | | 28,502 | | | | | | 104,331 | | |
Experian PLC | | | | | 15,923 | | | | | | 579,976 | | |
Fiat Chrysler Automobiles NV* | | | | | 18,987 | | | | | | 233,157 | | |
GlaxoSmithKline PLC | | | | | 84,904 | | | | | | 1,418,150 | | |
GVC Holdings PLC* | | | | | 11,608 | | | | | | 145,018 | | |
Halma PLC | | | | | 5,426 | | | | | | 166,135 | | |
Hargreaves Lansdown PLC(b) | | | | | 6,526 | | | | | | 114,126 | | |
HSBC Holdings PLC* | | | | | 350,193 | | | | | | 1,469,561 | | |
IMI PLC | | | | | 7,137 | | | | | | 95,419 | | |
Imperial Brands PLC | | | | | 16,760 | | | | | | 265,249 | | |
Informa PLC* | | | | | 31,933 | | | | | | 172,590 | | |
InterContinental Hotels Group PLC* | | | | | 3,603 | | | | | | 182,434 | | |
Intermediate Capital Group PLC | | | | | 5,828 | | | | | | 88,242 | | |
Intertek Group PLC | | | | | 3,122 | | | | | | 224,928 | | |
JD Sports Fashion PLC | | | | | 8,751 | | | | | | 83,867 | | |
Johnson Matthey PLC | | | | | 3,949 | | | | | | 109,729 | | |
Kingfisher PLC* | | | | | 43,812 | | | | | | 162,639 | | |
Land Securities Group PLC | | | | | 14,304 | | | | | | 94,195 | | |
Legal & General Group PLC | | | | | 109,308 | | | | | | 261,188 | | |
Lloyds Banking Group PLC* | | | | | 1,239,568 | | | | | | 449,174 | | |
London Stock Exchange Group PLC | | | | | 5,332 | | | | | | 570,708 | | |
M&G PLC | | | | | 53,641 | | | | | | 101,713 | | |
Meggitt PLC* | | | | | 18,404 | | | | | | 65,035 | | |
Melrose Industries PLC* | | | | | 90,176 | | | | | | 139,509 | | |
Mondi PLC | | | | | 9,262 | | | | | | 175,206 | | |
National Grid PLC | | | | | 59,491 | | | | | | 706,912 | | |
Natwest Group PLC* | | | | | 83,387 | | | | | | 133,912 | | |
Next PLC | | | | | 2,507 | | | | | | 189,307 | | |
Ocado Group PLC* | | | | | 8,485 | | | | | | 249,702 | | |
Pearson PLC(b) | | | | | 15,626 | | | | | | 103,043 | | |
Persimmon PLC | | | | | 6,306 | | | | | | 190,469 | | |
Prudential PLC | | | | | 45,796 | | | | | | 558,272 | | |
Reckitt Benckiser Group PLC | | | | | 10,874 | | | | | | 956,086 | | |
RELX PLC | | | | | 32,066 | | | | | | 633,322 | | |
Rentokil Initial PLC* | | | | | 32,590 | | | | | | 221,651 | | |
Rightmove PLC*(b) | | | | | 16,397 | | | | | | 131,024 | | |
Rolls-Royce Holdings PLC*(b) | | | | | 30,792 | | | | | | 28,395 | | |
RSA Insurance Group PLC* | | | | | 21,416 | | | | | | 117,299 | | |
Sage Group PLC (The) | | | | | 20,610 | | | | | | 169,379 | | |
Segro PLC | | | | | 19,929 | | | | | | 232,429 | | |
| | | Shares | | | Value | | | | ||||||||||
Common Stocks (continued) | | | | ||||||||||||||||
United Kingdom (continued) | | | | ||||||||||||||||
Severn Trent PLC | | | | | 4,672 | | | | | $ | 146,794 | | | | | ||||
Smith & Nephew PLC | | | | | 15,679 | | | | | | 270,948 | | | | | ||||
Smiths Group PLC | | | | | 8,225 | | | | | | 141,391 | | | | | ||||
Spirax-Sarco Engineering PLC | | | | | 1,252 | | | | | | 182,605 | | | | | ||||
SSE PLC | | | | | 18,388 | | | | | | 298,385 | | | | | ||||
St James’s Place PLC | | | | | 9,836 | | | | | | 114,360 | | | | | ||||
Standard Chartered PLC* | | | | | 46,350 | | | | | | 210,836 | | | | | ||||
Standard Life Aberdeen PLC | | | | | 41,166 | | | | | | 119,496 | | | | | ||||
Tate & Lyle PLC | | | | | 12,006 | | | | | | 92,397 | | | | | ||||
Taylor Wimpey PLC* | | | | | 71,968 | | | | | | 98,452 | | | | | ||||
TechnipFMC PLC | | | | | 8,700 | | | | | | 47,641 | | | | | ||||
Tesco PLC | | | | | 163,961 | | | | | | 435,663 | | | | | ||||
Travis Perkins PLC* | | | | | 5,151 | | | | | | 70,698 | | | | | ||||
Unilever NV | | | | | 24,854 | | | | | | 1,405,579 | | | | | ||||
Unilever PLC | | | | | 18,619 | | | | | | 1,060,235 | | | | | ||||
United Utilities Group PLC | | | | | 13,498 | | | | | | 150,689 | | | | | ||||
Vodafone Group PLC | | | | | 471,903 | | | | | | 628,476 | | | | | ||||
Weir Group PLC (The)* | | | | | 5,402 | | | | | | 100,127 | | | | | ||||
Whitbread PLC(b) | | | | | 4,137 | | | | | | 114,846 | | | | | ||||
Wm Morrison Supermarkets PLC | | | | | 42,604 | | | | | | 89,737 | | | | | ||||
WPP PLC | | | | | 21,888 | | | | | | 174,505 | | | | | ||||
Total United Kingdom | | | | | | | | | | | 27,850,820 | | | | | ||||
United States — 0.5% | | | | ||||||||||||||||
Amcor PLC | | | | | 31,139 | | | | | | 323,856 | | | | | ||||
Ferguson PLC* | | | | | 4,117 | | | | | | 411,064 | | | | | ||||
James Hardie Industries PLC | | | | | 8,246 | | | | | | 200,244 | | | | | ||||
OneMarket Ltd.*(a) | | | | | 1,633 | | | | | | — | | | | | ||||
QIAGEN NV* | | | | | 4,032 | | | | | | 191,483 | | | | | ||||
Total United States | | | | | | | | | | | 1,126,647 | | | | | ||||
Total Common Stocks | | | | ||||||||||||||||
(Cost $283,596,046) | | | | | | | | | | | 247,652,373 | | | | | ||||
Preferred Stocks — 0.8% | | | | ||||||||||||||||
Germany — 0.6% | | | | ||||||||||||||||
FUCHS PETROLUB SE, 2.14% | | | | | 2,573 | | | | | | 132,415 | | | | | ||||
Henkel AG & Co. KGaA, 2.18% | | | | | 3,405 | | | | | | 331,266 | | | | | ||||
Porsche Automobil Holding SE, 4.58% | | | | | 3,220 | | | | | | 172,538 | | | | | ||||
Sartorius AG, 0.10% | | | | | 638 | | | | | | 270,069 | | | | | ||||
Volkswagen AG, 3.74% | | | | | 3,622 | | | | | | 527,808 | | | | | ||||
Total Germany | | | | | | | | | | | 1,434,096 | | | | | ||||
South Korea — 0.2% | | | | ||||||||||||||||
Samsung Electronics Co., Ltd., 2.71% | | | | | 13,398 | | | | | | 591,557 | | | | | ||||
Total Preferred Stocks | | | | | | | | ||||||||||||
(Cost $2,014,189) | | | | | | | | | | | 2,025,653 | | | | | ||||
Rights — 0.0%(c) | | | | ||||||||||||||||
United Kingdom — 0.0%(c) | | | | ||||||||||||||||
Rolls-Royce Holdings PLC, expires 11/19/20* | | | | | | | | | | | | | | | | ||||
(Cost $14) | | | | | 20 | | | | | | 10 | | | | | ||||
|
| | | Shares | | | Value | | ||||||
Short-Term Investment — 1.6% | | ||||||||||||
Money Market Fund — 1.6% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(e)(f) | | | | | | | | | | | | | |
(Cost $3,935,916) | | | | | 3,935,916 | | | | | $ | 3,935,916 | | |
Total Investments — 101.4% | | | | | | | | | | | | | |
(Cost $289,546,165) | | | | | | | | | | | 253,613,952 | | |
Other Assets and Liabilities, Net — (1.4)% | | | | | | | | | | | (3,492,262) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 250,121,690 | | |
|
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at October 31, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Australian Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 12,206,857 | | | | | $ | 8,571,319 | | | | | $ | 8,572,446 | | | | | $ | 1,127 | | |
Swiss Franc | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 11,188,401 | | | | | | 12,207,661 | | | | | | 12,208,486 | | | | | | 825 | | |
British Pound | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 87,923 | | | | | | 113,534 | | | | | | 113,687 | | | | | | 153 | | |
Israeli Shekel | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 1,901,980 | | | | | | 557,996 | | | | | | 558,341 | | | | | | 345 | | |
Japanese Yen | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 3,476,155,849 | | | | | | 33,250,013 | | | | | | 33,253,460 | | | | | | 3,447 | | |
South Korean Won# | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 7,558,170,645 | | | | | | 6,656,367 | | | | | | 6,660,865 | | | | | | 4,498 | | |
Polish Zloty | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 1,175,118 | | | | | | 296,030 | | | | | | 296,473 | | | | | | 443 | | |
Swedish Krona | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 192,232 | | | | | | 21,492 | | | | | | 21,597 | | | | | | 105 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | 61,674,412 | | | | | $ | 61,685,355 | | | | | $ | 10,943 | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at October 31, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Australian Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (12,206,857) | | | | | $ | (8,750,146) | | | | | $ | (8,572,446) | | | | | $ | 177,700 | | |
Danish Krone | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (18,599,057) | | | | | | (2,931,133) | | | | | | (2,910,248) | | | | | | 20,885 | | |
Danish Krone | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (18,235,122) | | | | | | (2,855,614) | | | | | | (2,855,226) | | | | | | 388 | | |
Euro | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (32,571,301) | | | | | | (38,219,060) | | | | | | (37,944,013) | | | | | | 275,047 | | |
Euro | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (30,301,292) | | | | | | (35,323,113) | | | | | | (35,323,057) | | | | | | 56 | | |
British Pound | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (12,423,781) | | | | | | (16,070,310) | | | | | | (16,067,504) | | | | | | 2,806 | | |
Hong Kong Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (31,717,849) | | | | | | (4,091,803) | | | | | | (4,090,053) | | | | | | 1,750 | | |
Norwegian Krone | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (7,207,329) | | | | | | (770,239) | | | | | | (753,978) | | | | | | 16,261 | | |
Norwegian Krone | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (6,827,317) | | | | | | (715,243) | | | | | | (714,119) | | | | | | 1,124 | | |
New Zealand Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (632,706) | | | | | | (418,218) | | | | | | (418,157) | | | | | | 61 | | |
New Zealand Dollar | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (624,073) | | | | | | (412,570) | | | | | | (412,463) | | | | | | 107 | | |
Polish Zloty | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (1,179,521) | | | | | | (305,064) | | | | | | (297,584) | | | | | | 7,480 | | |
Swedish Krona | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (34,997,474) | | | | | | (3,934,605) | | | | | | (3,933,304) | | | | | | 1,301 | | |
Singapore Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (1,935,243) | | | | | | (1,417,400) | | | | | | (1,417,243) | | | | | | 157 | | |
Singapore Dollar | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (1,887,005) | | | | | | (1,381,994) | | | | | | (1,381,927) | | | | | | 67 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | (117,596,512) | | | | | $ | (117,091,322) | | | | | $ | 505,190 | | |
Total Unrealized Appreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 516,133 | | |
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at October 31, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Danish Krone | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 18,599,057 | | | | | $ | 2,910,880 | | | | | $ | 2,910,248 | | | | | $ | (632) | | |
Euro | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 32,571,301 | | | | | | 37,950,993 | | | | | | 37,944,013 | | | | | | (6,980) | | |
British Pound | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 13,091,739 | | | | | | 16,932,698 | | | | | | 16,928,043 | | | | | | (4,655) | | |
Hong Kong Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 31,717,849 | | | | | | 4,090,073 | | | | | | 4,090,053 | | | | | | (20) | | |
Norwegian Krone | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 7,207,329 | | | | | | 755,200 | | | | | | 753,978 | | | | | | (1,222) | | |
New Zealand Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 632,706 | | | | | | 418,270 | | | | | | 418,157 | | | | | | (113) | | |
Polish Zloty | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 4,403 | | | | | | 1,142 | | | | | | 1,111 | | | | | | (31) | | |
Swedish Krona | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 37,130,581 | | | | | | 4,173,195 | | | | | | 4,171,618 | | | | | | (1,577) | | |
Singapore Dollar | | | | | 11/04/20 | | | | Morgan Stanley | | | | | 1,935,243 | | | | | | 1,417,356 | | | | | | 1,417,243 | | | | | | (113) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | 68,649,807 | | | | | $ | 68,634,464 | | | | | $ | (15,343) | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at October 31, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Australian Dollar | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (12,438,880) | | | | | $ | (8,735,136) | | | | | $ | (8,736,736) | | | | | $ | (1,600) | | |
Swiss Franc | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (11,188,401) | | | | | | (12,186,964) | | | | | | (12,208,486) | | | | | | (21,522) | | |
Swiss Franc | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (10,423,827) | | | | | | (11,381,998) | | | | | | (11,384,050) | | | | | | (2,052) | | |
British Pound | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (13,179,662) | | | | | | (17,040,866) | | | | | | (17,041,731) | | | | | | (865) | | |
Hong Kong Dollar | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (31,220,192) | | | | | | (4,025,739) | | | | | | (4,025,783) | | | | | | (44) | | |
Israeli Shekel | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (1,901,980) | | | | | | (556,338) | | | | | | (558,341) | | | | | | (2,003) | | |
Israeli Shekel | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (1,952,796) | | | | | | (573,044) | | | | | | (573,417) | | | | | | (373) | | |
Japanese Yen | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (3,476,155,849) | | | | | | (32,950,143) | | | | | | (33,253,460) | | | | | | (303,317) | | |
Japanese Yen | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (3,386,611,708) | | | | | | (32,401,042) | | | | | | (32,408,648) | | | | | | (7,606) | | |
South Korean Won# | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (7,558,170,645) | | | | | | (6,484,350) | | | | | | (6,660,865) | | | | | | (176,515) | | |
South Korean Won# | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (7,374,332,165) | | | | | | (6,480,194) | | | | | | (6,498,475) | | | | | | (18,281) | | |
Polish Zloty | | | | | 12/03/20 | | | | Morgan Stanley | | | | | (1,225,924) | | | | | | (308,851) | | | | | | (309,315) | | | | | | (464) | | |
Swedish Krona | | | | | 11/04/20 | | | | Morgan Stanley | | | | | (37,322,813) | | | | | | (4,171,041) | | | | | | (4,193,215) | | | | | | (22,174) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | (137,295,706) | | | | | $ | (137,852,522) | | | | | $ | (556,816) | | |
Total Unrealized Depreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (572,159) | | |
Net Unrealized Appreciation (Depreciation) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (56,026) | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 247,479,966 | | | | | $ | 135,057 | | | | | $ | 37,350(h) | | | | | $ | 247,652,373 | | |
Preferred Stocks | | | | | 2,025,653 | | | | | | — | | | | | | — | | | | | | 2,025,653 | | |
Right | | | | | 10 | | | | | | — | | | | | | — | | | | | | 10 | | |
Short-Term Investment: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Fund | | | | | 3,935,916 | | | | | | — | | | | | | — | | | | | | 3,935,916 | | |
Total Investments in Securities | | | | | 253,441,545 | | | | | | 135,057 | | | | | | 37,350 | | | | | | 253,613,952 | | |
Other Financial Instruments:(i) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 516,133 | | | | | | — | | | | | | 516,133 | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 253,441,545 | | | | | $ | 651,190 | | | | | $ | 37,350 | | | | | $ | 254,130,085 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(i) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | 572,159 | | | | | $ | — | | | | | $ | 572,159 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.2% | | ||||||||||||
Australia — 8.0% | | ||||||||||||
Alumina Ltd. | | | | | 27,534 | | | | | $ | 27,747 | | |
AMP Ltd. | | | | | 36,461 | | | | | | 39,175 | | |
Ampol Ltd. | | | | | 2,687 | | | | | | 48,947 | | |
APA Group | | | | | 12,719 | | | | | | 93,696 | | |
ASX Ltd. | | | | | 2,068 | | | | | | 115,643 | | |
AusNet Services | | | | | 19,896 | | | | | | 27,944 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 28,694 | | | | | | 379,028 | | |
BHP Group Ltd. | | | | | 31,719 | | | | | | 752,438 | | |
BHP Group PLC | | | | | 22,170 | | | | | | 427,178 | | |
BlueScope Steel Ltd. | | | | | 5,394 | | | | | | 55,531 | | |
Boral Ltd. | | | | | 13,198 | | | | | | 42,263 | | |
Brambles Ltd. | | | | | 16,281 | | | | | | 109,646 | | |
Coca-Cola Amatil Ltd. | | | | | 5,366 | | | | | | 46,840 | | |
Cochlear Ltd. | | | | | 705 | | | | | | 105,047 | | |
Computershare Ltd. | | | | | 4,994 | | | | | | 42,611 | | |
CSL Ltd. | | | | | 4,882 | | | | | | 985,866 | | |
Dexus | | | | | 11,751 | | | | | | 71,051 | | |
Fortescue Metals Group Ltd. | | | | | 18,286 | | | | | | 223,054 | | |
Goodman Group | | | | | 19,512 | | | | | | 252,122 | | |
GPT Group (The) | | | | | 20,977 | | | | | | 59,366 | | |
Insurance Australia Group Ltd. | | | | | 24,902 | | | | | | 83,415 | | |
Lendlease Group | | | | | 7,406 | | | | | | 62,202 | | |
Macquarie Group Ltd. | | | | | 3,853 | | | | | | 342,956 | | |
Mirvac Group | | | | | 42,324 | | | | | | 62,714 | | |
National Australia Bank Ltd. | | | | | 35,491 | | | | | | 463,578 | | |
Newcrest Mining Ltd. | | | | | 8,794 | | | | | | 180,574 | | |
Orica Ltd. | | | | | 4,353 | | | | | | 46,648 | | |
QBE Insurance Group Ltd. | | | | | 14,931 | | | | | | 86,504 | | |
Ramsay Health Care Ltd. | | | | | 1,994 | | | | | | 87,308 | | |
REA Group Ltd. | | | | | 612 | | | | | | 50,830 | | |
Rio Tinto Ltd. | | | | | 3,969 | | | | | | 257,624 | | |
Rio Tinto PLC | | | | | 11,480 | | | | | | 646,738 | | |
Santos Ltd. | | | | | 22,463 | | | | | | 74,614 | | |
Sonic Healthcare Ltd. | | | | | 5,051 | | | | | | 123,509 | | |
Stockland | | | | | 25,615 | | | | | | 69,254 | | |
Suncorp Group Ltd. | | | | | 13,777 | | | | | | 79,431 | | |
Telstra Corp., Ltd. | | | | | 127,715 | | | | | | 240,364 | | |
Transurban Group | | | | | 29,483 | | | | | | 278,682 | | |
Vicinity Centres | | | | | 39,496 | | | | | | 33,561 | | |
Wesfarmers Ltd. | | | | | 12,157 | | | | | | 392,372 | | |
Westpac Banking Corp. | | | | | 38,965 | | | | | | 490,075 | | |
Woodside Petroleum Ltd. | | | | | 10,259 | | | | | | 126,221 | | |
Total Australia | | | | | | | | | | | 8,184,367 | | |
Austria — 0.2% | | ||||||||||||
ANDRITZ AG | | | | | 777 | | | | | | 26,175 | | |
OMV AG | | | | | 1,537 | | | | | | 35,270 | | |
Raiffeisen Bank International AG* | | | | | 1,460 | | | | | | 20,986 | | |
Telekom Austria AG | | | | | 1,469 | | | | | | 9,891 | | |
Verbund AG | | | | | 712 | | | | | | 40,955 | | |
voestalpine AG | | | | | 1,198 | | | | | | 33,282 | | |
Total Austria | | | | | | | | | | | 166,559 | | |
Belgium — 0.5% | | ||||||||||||
Ackermans & van Haaren NV* | | | | | 237 | | | | | | 29,153 | | |
Elia Group SA/NV | | | | | 308 | | | | | | 29,814 | | |
KBC Group NV | | | | | 3,020 | | | | | | 148,910 | | |
Sofina SA | | | | | 161 | | | | | | 41,822 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Belgium (continued) | | ||||||||||||
Solvay SA | | | | | 763 | | | | | $ | 61,948 | | |
Telenet Group Holding NV | | | | | 461 | | | | | | 17,721 | | |
UCB SA | | | | | 1,301 | | | | | | 128,360 | | |
Umicore SA | | | | | 2,079 | | | | | | 80,014 | | |
Total Belgium | | | | | | | | | | | 537,742 | | |
Brazil — 0.1% | | ||||||||||||
Yara International ASA | | | | | 1,826 | | | | | | 63,517 | | |
Chile — 0.1% | | ||||||||||||
Antofagasta PLC | | | | | 3,733 | | | | | | 49,692 | | |
China — 1.0% | | ||||||||||||
Alibaba Health Information Technology Ltd.* | | | | | 43,641 | | | | | | 113,958 | | |
China Gas Holdings Ltd. | | | | | 20,129 | | | | | | 61,647 | | |
CSPC Pharmaceutical Group Ltd. | | | | | 102,643 | | | | | | 108,138 | | |
Fosun International Ltd. | | | | | 26,249 | | | | | | 31,614 | | |
Geely Automobile Holdings Ltd. | | | | | 61,902 | | | | | | 127,079 | | |
Haier Electronics Group Co., Ltd. | | | | | 13,022 | | | | | | 49,369 | | |
Prosus NV* | | | | | 4,196 | | | | | | 419,268 | | |
Shimao Group Holdings Ltd. | | | | | 13,310 | | | | | | 46,942 | | |
Sun Art Retail Group Ltd. | | | | | 18,469 | | | | | | 19,958 | | |
Total China | | | | | | | | | | | 977,973 | | |
Colombia — 0.0%(a) | | ||||||||||||
Millicom International Cellular SA | | | | | 1,092 | | | | | | 32,265 | | |
Denmark — 3.0% | | ||||||||||||
AP Moller — Maersk A/S, Class A | | | | | 33 | | | | | | 48,689 | | |
AP Moller — Maersk A/S, Class B | | | | | 60 | | | | | | 95,847 | | |
Chr Hansen Holding A/S | | | | | 1,053 | | | | | | 106,067 | | |
Coloplast A/S, Class B | | | | | 1,331 | | | | | | 194,253 | | |
Danske Bank A/S* | | | | | 6,921 | | | | | | 91,999 | | |
DSV PANALPINA A/S | | | | | 2,350 | | | | | | 380,547 | | |
Genmab A/S* | | | | | 696 | | | | | | 231,838 | | |
Novo Nordisk A/S, Class B | | | | | 17,901 | | | | | | 1,149,857 | | |
Novozymes A/S, Class B | | | | | 2,166 | | | | | | 130,168 | | |
Orsted A/S‡ | | | | | 1,926 | | | | | | 305,710 | | |
Vestas Wind Systems A/S | | | | | 2,123 | | | | | | 362,389 | | |
Total Denmark | | | | | | | | | | | 3,097,364 | | |
Finland — 1.6% | | ||||||||||||
Elisa OYJ | | | | | 1,538 | | | | | | 75,674 | | |
Huhtamaki OYJ | | | | | 947 | | | | | | 46,242 | | |
Kone OYJ, Class B | | | | | 3,844 | | | | | | 306,005 | | |
Neles OYJ | | | | | 1,325 | | | | | | 17,742 | | |
Neste OYJ(b) | | | | | 4,988 | | | | | | 259,603 | | |
Nokia OYJ* | | | | | 60,465 | | | | | | 204,255 | | |
Nordea Bank Abp* | | | | | 43,002 | | | | | | 323,587 | | |
Orion OYJ, Class B | | | | | 1,051 | | | | | | 44,991 | | |
Sampo OYJ, Class A | | | | | 4,956 | | | | | | 187,045 | | |
Stora Enso OYJ, Class R | | | | | 6,042 | | | | | | 88,151 | | |
Wartsila OYJ Abp | | | | | 5,808 | | | | | | 46,154 | | |
Total Finland | | | | | | | | | | | 1,599,449 | | |
France — 9.6% | | ||||||||||||
Accor SA* | | | | | 1,995 | | | | | | 50,800 | | |
Adevinta ASA* | | | | | 2,707 | | | | | | 41,771 | | |
Air Liquide SA(b) | | | | | 5,102 | | | | | | 745,854 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | ||||||||||||
Amundi SA‡* | | | | | 646 | | | | | $ | 42,365 | | |
AXA SA | | | | | 24,328 | | | | | | 391,071 | | |
BioMerieux | | | | | 431 | | | | | | 64,162 | | |
BNP Paribas SA* | | | | | 12,296 | | | | | | 427,613 | | |
Bouygues SA | | | | | 3,221 | | | | | | 105,618 | | |
Capgemini SE | | | | | 1,729 | | | | | | 199,670 | | |
Carrefour SA | | | | | 5,759 | | | | | | 89,624 | | |
Cie de Saint-Gobain* | | | | | 5,851 | | | | | | 228,320 | | |
Cie Generale des Etablissements Michelin | | | | | 1,745 | | | | | | 188,306 | | |
Credit Agricole SA* | | | | | 13,721 | | | | | | 108,396 | | |
Danone SA | | | | | 6,500 | | | | | | 358,890 | | |
Dassault Systemes SE | | | | | 1,437 | | | | | | 245,308 | | |
Engie SA* | | | | | 19,585 | | | | | | 236,919 | | |
EssilorLuxottica SA* | | | | | 3,179 | | | | | | 393,265 | | |
Hermes International | | | | | 357 | | | | | | 332,265 | | |
Kering SA | | | | | 806 | | | | | | 486,803 | | |
Legrand SA | | | | | 2,838 | | | | | | 209,855 | | |
L’Oreal SA | | | | | 2,256 | | | | | | 729,768 | | |
Natixis SA* | | | | | 10,212 | | | | | | 23,743 | | |
Orange SA | | | | | 21,515 | | | | | | 241,345 | | |
Peugeot SA* | | | | | 6,058 | | | | | | 108,884 | | |
Publicis Groupe SA | | | | | 2,342 | | | | | | 81,297 | | |
Sanofi | | | | | 11,677 | | | | | | 1,052,383 | | |
Sartorius Stedim Biotech | | | | | 256 | | | | | | 97,094 | | |
Schneider Electric SE | | | | | 5,782 | | | | | | 701,804 | | |
Societe Generale SA* | | | | | 8,984 | | | | | | 121,813 | | |
Sodexo SA | | | | | 903 | | | | | | 57,958 | | |
Teleperformance | | | | | 621 | | | | | | 186,413 | | |
TOTAL SE | | | | | 28,073 | | | | | | 844,335 | | |
Unibail-Rodamco-Westfield | | | | | 1,358 | | | | | | 55,207 | | |
Vinci SA | | | | | 6,002 | | | | | | 474,159 | | |
Total France | | | | | | | | | | | 9,723,078 | | |
Germany — 9.0% | | ||||||||||||
adidas AG* | | | | | 1,966 | | | | | | 583,974 | | |
Allianz SE | | | | | 4,494 | | | | | | 790,774 | | |
BASF SE | | | | | 9,910 | | | | | | 543,360 | | |
Bayerische Motoren Werke AG | | | | | 3,444 | | | | | | 235,409 | | |
Beiersdorf AG | | | | | 1,060 | | | | | | 111,003 | | |
Continental AG | | | | | 1,166 | | | | | | 123,978 | | |
Covestro AG‡ | | | | | 1,823 | | | | | | 87,001 | | |
Daimler AG | | | | | 8,619 | | | | | | 445,769 | | |
Delivery Hero SE‡* | | | | | 1,356 | | | | | | 156,026 | | |
Deutsche Bank AG* | | | | | 18,908 | | | | | | 174,019 | | |
Deutsche Boerse AG | | | | | 1,980 | | | | | | 291,414 | | |
Deutsche Post AG | | | | | 10,591 | | | | | | 469,296 | | |
Deutsche Telekom AG | | | | | 34,988 | | | | | | 532,678 | | |
Deutsche Wohnen SE | | | | | 3,737 | | | | | | 188,617 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 2,142 | | | | | | 163,629 | | |
Fresenius SE & Co. KGaA | | | | | 4,390 | | | | | | 162,820 | | |
Hannover Rueck SE | | | | | 649 | | | | | | 94,272 | | |
Henkel AG & Co. KGaA | | | | | 1,089 | | | | | | 98,501 | | |
Infineon Technologies AG | | | | | 14,066 | | | | | | 391,596 | | |
Knorr-Bremse AG | | | | | 518 | | | | | | 59,995 | | |
Merck KGaA | | | | | 1,394 | | | | | | 206,466 | | |
Muenchener Rueckversicherungs- Gesellschaft AG | | | | | 1,512 | | | | | | 353,659 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | ||||||||||||
SAP SE | | | | | 11,019 | | | | | $ | 1,174,318 | | |
Siemens AG | | | | | 8,770 | | | | | | 1,028,724 | | |
Symrise AG | | | | | 1,342 | | | | | | 165,468 | | |
Talanx AG | | | | | 570 | | | | | | 16,785 | | |
Vonovia SE | | | | | 5,851 | | | | | | 373,628 | | |
Zalando SE‡* | | | | | 1,755 | | | | | | 163,913 | | |
Total Germany | | | | | | | | | | | 9,187,092 | | |
Hong Kong — 3.1% | | ||||||||||||
AIA Group Ltd. | | | | | 130,378 | | | | | | 1,228,149 | | |
ASM Pacific Technology Ltd. | | | | | 3,277 | | | | | | 32,961 | | |
Bank of East Asia Ltd. (The)(b) | | | | | 14,794 | | | | | | 26,632 | | |
Cathay Pacific Airways Ltd.* | | | | | 10,432 | | | | | | 7,076 | | |
CK Infrastructure Holdings Ltd. | | | | | 6,551 | | | | | | 30,834 | | |
Hang Lung Properties Ltd. | | | | | 19,720 | | | | | | 47,858 | | |
Hang Seng Bank Ltd. | | | | | 7,810 | | | | | | 120,048 | | |
Henderson Land Development Co., Ltd. | | | | | 14,170 | | | | | | 50,158 | | |
HKT Trust & HKT Ltd. | | | | | 36,753 | | | | | | 47,488 | | |
Hong Kong & China Gas Co., Ltd. | | | | | 111,551 | | | | | | 160,245 | | |
Hong Kong Exchanges & Clearing Ltd. | | | | | 13,674 | | | | | | 652,768 | | |
Kerry Properties Ltd. | | | | | 6,338 | | | | | | 15,496 | | |
Link REIT | | | | | 22,189 | | | | | | 168,960 | | |
MTR Corp., Ltd. | | | | | 16,396 | | | | | | 81,083 | | |
NWS Holdings Ltd. | | | | | 15,079 | | | | | | 13,203 | | |
Sino Biopharmaceutical Ltd. | | | | | 105,155 | | | | | | 106,038 | | |
Sun Hung Kai Properties Ltd. | | | | | 15,573 | | | | | | 199,109 | | |
Swire Pacific Ltd., Class A | | | | | 5,325 | | | | | | 24,239 | | |
Swire Pacific Ltd., Class B | | | | | 9,403 | | | | | | 7,639 | | |
Swire Properties Ltd. | | | | | 11,366 | | | | | | 30,413 | | |
WH Group Ltd.‡ | | | | | 101,976 | | | | | | 80,083 | | |
Total Hong Kong | | | | | | | | | | | 3,130,480 | | |
Ireland — 0.5% | | ||||||||||||
CRH PLC | | | | | 8,467 | | | | | | 297,781 | | |
Kingspan Group PLC* | | | | | 1,641 | | | | | | 143,077 | | |
Smurfit Kappa Group PLC | | | | | 2,552 | | | | | | 96,089 | | |
Total Ireland | | | | | | | | | | | 536,947 | | |
Israel — 0.3% | | ||||||||||||
Bank Hapoalim BM* | | | | | 12,106 | | | | | | 71,038 | | |
Bank Leumi Le-Israel BM | | | | | 15,676 | | | | | | 74,317 | | |
Check Point Software Technologies Ltd.* | | | | | 1,177 | | | | | | 133,660 | | |
ICL Group Ltd. | | | | | 7,481 | | | | | | 27,275 | | |
Mizrahi Tefahot Bank Ltd. | | | | | 1,427 | | | | | | 27,906 | | |
Total Israel | | | | | | | | | | | 334,196 | | |
Italy — 2.2% | | ||||||||||||
Amplifon SpA* | | | | | 1,310 | | | | | | 47,625 | | |
Assicurazioni Generali SpA | | | | | 12,489 | | | | | | 167,445 | | |
Banca Mediolanum SpA | | | | | 2,282 | | | | | | 15,577 | | |
DiaSorin SpA | | | | | 271 | | | | | | 59,505 | | |
Enel SpA | | | | | 83,829 | | | | | | 667,328 | | |
Eni SpA | | | | | 26,655 | | | | | | 186,636 | | |
FinecoBank Banca Fineco SpA* | | | | | 6,577 | | | | | | 90,019 | | |
Infrastrutture Wireless Italiane SpA‡ | | | | | 3,522 | | | | | | 38,072 | | |
Intesa Sanpaolo SpA* | | | | | 164,342 | | | | | | 271,759 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Italy (continued) | | ||||||||||||
Moncler SpA* | | | | | 2,159 | | | | | $ | 86,412 | | |
Nexi SpA‡* | | | | | 3,838 | | | | | | 58,969 | | |
Poste Italiane SpA‡ | | | | | 4,976 | | | | | | 40,574 | | |
Prysmian SpA | | | | | 2,550 | | | | | | 69,328 | | |
Snam SpA | | | | | 20,909 | | | | | | 102,051 | | |
Telecom Italia SpA | | | | | 108,102 | | | | | | 36,694 | | |
Telecom Italia SpA-RSP | | | | | 65,038 | | | | | | 23,660 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 15,213 | | | | | | 102,852 | | |
UniCredit SpA* | | | | | 22,986 | | | | | | 171,388 | | |
Total Italy | | | | | | | | | | | 2,235,894 | | |
Japan — 24.6% | | ||||||||||||
Advantest Corp. | | | | | 2,129 | | | | | | 122,803 | | |
Aeon Co., Ltd. | | | | | 7,592 | | | | | | 193,431 | | |
AEON Financial Service Co., Ltd. | | | | | 1,120 | | | | | | 11,389 | | |
AGC, Inc. | | | | | 2,125 | | | | | | 65,962 | | |
Air Water, Inc. | | | | | 2,037 | | | | | | 29,033 | | |
Aisin Seiki Co., Ltd. | | | | | 1,693 | | | | | | 50,933 | | |
Ajinomoto Co., Inc. | | | | | 5,820 | | | | | | 116,773 | | |
Astellas Pharma, Inc. | | | | | 19,888 | | | | | | 272,999 | | |
Benesse Holdings, Inc. | | | | | 829 | | | | | | 19,500 | | |
Bridgestone Corp. | | | | | 6,132 | | | | | | 198,847 | | |
Brother Industries Ltd. | | | | | 2,638 | | | | | | 40,526 | | |
Canon, Inc. | | | | | 11,013 | | | | | | 189,678 | | |
Casio Computer Co., Ltd. | | | | | 2,288 | | | | | | 34,559 | | |
Central Japan Railway Co. | | | | | 1,836 | | | | | | 221,026 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 6,780 | | | | | | 260,784 | | |
Daiichi Sankyo Co., Ltd. | | | | | 20,080 | | | | | | 527,835 | | |
Daikin Industries Ltd. | | | | | 2,790 | | | | | | 519,889 | | |
Daito Trust Construction Co., Ltd. | | | | | 690 | | | | | | 62,637 | | |
Daiwa House Industry Co., Ltd. | | | | | 6,492 | | | | | | 169,876 | | |
Daiwa House REIT Investment Corp. | | | | | 23 | | | | | | 53,221 | | |
Daiwa Securities Group, Inc. | | | | | 15,644 | | | | | | 63,001 | | |
Denso Corp. | | | | | 4,757 | | | | | | 220,149 | | |
East Japan Railway Co. | | | | | 3,707 | | | | | | 193,506 | | |
Eisai Co., Ltd. | | | | | 2,921 | | | | | | 226,018 | | |
FANUC Corp. | | | | | 2,055 | | | | | | 433,449 | | |
Fast Retailing Co., Ltd. | | | | | 586 | | | | | | 407,577 | | |
Fuji Electric Co., Ltd. | | | | | 1,380 | | | | | | 41,582 | | |
FUJIFILM Holdings Corp. | | | | | 4,046 | | | | | | 205,822 | | |
Fujitsu Ltd. | | | | | 2,022 | | | | | | 236,454 | | |
Hakuhodo DY Holdings, Inc. | | | | | 2,354 | | | | | | 29,881 | | |
Hino Motors Ltd. | | | | | 2,845 | | | | | | 21,663 | | |
Hitachi Ltd. | | | | | 10,165 | | | | | | 340,519 | | |
Hitachi Metals Ltd. | | | | | 2,154 | | | | | | 28,455 | | |
Honda Motor Co., Ltd. | | | | | 17,354 | | | | | | 404,218 | | |
Hulic Co., Ltd. | | | | | 4,078 | | | | | | 37,683 | | |
Idemitsu Kosan Co., Ltd. | | | | | 2,183 | | | | | | 43,957 | | |
Inpex Corp. | | | | | 10,504 | | | | | | 49,435 | | |
ITOCHU Corp. | | | | | 15,903 | | | | | | 380,309 | | |
J Front Retailing Co., Ltd. | | | | | 2,681 | | | | | | 20,286 | | |
Japan Exchange Group, Inc. | | | | | 5,724 | | | | | | 139,212 | | |
Japan Real Estate Investment Corp. | | | | | 14 | | | | | | 68,567 | | |
Japan Retail Fund Investment Corp. | | | | | 30 | | | | | | 43,132 | | |
JFE Holdings, Inc.* | | | | | 5,534 | | | | | | 38,538 | | |
JTEKT Corp. | | | | | 2,438 | | | | | | 19,217 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 7,909 | | | | | | 71,941 | | |
Kao Corp. | | | | | 5,077 | | | | | | 360,353 | | |
KDDI Corp. | | | | | 17,304 | | | | | | 462,229 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Keikyu Corp. | | | | | 2,585 | | | | | $ | 36,003 | | |
Keio Corp. | | | | | 1,241 | | | | | | 71,820 | | |
Keisei Electric Railway Co., Ltd. | | | | | 1,601 | | | | | | 44,642 | | |
Kikkoman Corp. | | | | | 1,565 | | | | | | 77,546 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 1,961 | | | | | | 78,035 | | |
Koito Manufacturing Co., Ltd. | | | | | 1,284 | | | | | | 61,658 | | |
Komatsu Ltd. | | | | | 10,085 | | | | | | 225,837 | | |
Konica Minolta, Inc. | | | | | 5,241 | | | | | | 13,235 | | |
Kose Corp. | | | | | 326 | | | | | | 41,413 | | |
Kubota Corp. | | | | | 12,529 | | | | | | 216,986 | | |
Kuraray Co., Ltd. | | | | | 3,601 | | | | | | 33,137 | | |
Kyocera Corp. | | | | | 3,517 | | | | | | 192,806 | | |
Kyowa Kirin Co., Ltd. | | | | | 2,655 | | | | | | 65,778 | | |
Lion Corp. | | | | | 2,644 | | | | | | 54,048 | | |
Makita Corp. | | | | | 2,606 | | | | | | 114,670 | | |
Marui Group Co., Ltd. | | | | | 2,114 | | | | | | 37,896 | | |
Mazda Motor Corp. | | | | | 6,165 | | | | | | 32,199 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 14,889 | | | | | | 83,489 | | |
Mitsubishi Estate Co., Ltd. | | | | | 12,807 | | | | | | 190,378 | | |
Mitsubishi UFJ Lease & Finance Co., Ltd. | | | | | 5,527 | | | | | | 23,263 | | |
Mitsui Chemicals, Inc. | | | | | 1,829 | | | | | | 46,644 | | |
Mitsui OSK Lines Ltd. | | | | | 1,251 | | | | | | 27,990 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 5,086 | | | | | | 138,388 | | |
Murata Manufacturing Co., Ltd. | | | | | 6,673 | | | | | | 463,867 | | |
Nabtesco Corp. | | | | | 1,194 | | | | | | 44,430 | | |
NEC Corp. | | | | | 2,685 | | | | | | 134,841 | | |
NGK Insulators Ltd. | | | | | 3,288 | | | | | | 46,643 | | |
NGK Spark Plug Co., Ltd. | | | | | 2,032 | | | | | | 35,474 | | |
NH Foods Ltd. | | | | | 1,085 | | | | | | 44,317 | | |
Nidec Corp. | | | | | 5,409 | | | | | | 543,280 | | |
Nikon Corp. | | | | | 3,117 | | | | | | 18,754 | | |
Nintendo Co., Ltd. | | | | | 1,262 | | | | | | 687,859 | | |
Nippon Building Fund, Inc. | | | | | 14 | | | | | | 70,710 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 1,880 | | | | | | 168,866 | | |
Nippon Prologis REIT, Inc. | | | | | 22 | | | | | | 72,393 | | |
Nippon Sanso Holdings Corp. | | | | | 1,762 | | | | | | 25,737 | | |
Nippon Telegraph & Telephone Corp. | | | | | 25,550 | | | | | | 536,711 | | |
Nippon Yusen K.K. | | | | | 1,646 | | | | | | 30,152 | | |
Nissan Motor Co., Ltd.* | | | | | 25,258 | | | | | | 88,430 | | |
Nisshin Seifun Group, Inc. | | | | | 2,472 | | | | | | 37,149 | | |
Nitori Holdings Co., Ltd. | | | | | 872 | | | | | | 179,755 | | |
Nitto Denko Corp. | | | | | 1,595 | | | | | | 111,531 | | |
NOK Corp. | | | | | 962 | | | | | | 10,895 | | |
Nomura Real Estate Holdings, Inc. | | | | | 1,224 | | | | | | 21,321 | | |
Nomura Research Institute Ltd. | | | | | 3,873 | | | | | | 114,664 | | |
NSK Ltd. | | | | | 4,885 | | | | | | 38,738 | | |
NTT Data Corp. | | | | | 6,771 | | | | | | 76,104 | | |
NTT DOCOMO, Inc. | | | | | 11,563 | | | | | | 429,935 | | |
Obayashi Corp. | | | | | 7,005 | | | | | | 58,297 | | |
Odakyu Electric Railway Co., Ltd. | | | | | 3,630 | | | | | | 87,260 | | |
Oji Holdings Corp. | | | | | 9,706 | | | | | | 40,759 | | |
Omron Corp. | | | | | 2,048 | | | | | | 146,929 | | |
Oracle Corp. Japan | | | | | 357 | | | | | | 35,721 | | |
Oriental Land Co., Ltd. | | | | | 2,128 | | | | | | 296,890 | | |
ORIX Corp. | | | | | 13,419 | | | | | | 156,024 | | |
Otsuka Holdings Co., Ltd. | | | | | 4,298 | | | | | | 158,492 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Pan Pacific International Holdings Corp. | | | | | 4,195 | | | | | $ | 89,165 | | |
Panasonic Corp. | | | | | 23,442 | | | | | | 215,427 | | |
Pola Orbis Holdings, Inc. | | | | | 887 | | | | | | 17,462 | | |
Rakuten, Inc. | | | | | 8,665 | | | | | | 84,130 | | |
Recruit Holdings Co., Ltd. | | | | | 13,117 | | | | | | 498,130 | | |
Resona Holdings, Inc. | | | | | 24,295 | | | | | | 79,597 | | |
Ricoh Co., Ltd. | | | | | 7,478 | | | | | | 48,785 | | |
Rinnai Corp. | | | | | 374 | | | | | | 36,849 | | |
Rohm Co., Ltd. | | | | | 914 | | | | | | 69,945 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 4,012 | | | | | | 71,267 | | |
SBI Holdings, Inc. | | | | | 2,430 | | | | | | 55,625 | | |
Secom Co., Ltd. | | | | | 2,260 | | | | | | 190,135 | | |
Sekisui Chemical Co., Ltd. | | | | | 4,289 | | | | | | 66,464 | | |
Sekisui House Ltd. | | | | | 6,375 | | | | | | 105,284 | | |
Seven Bank Ltd. | | | | | 6,440 | | | | | | 14,723 | | |
Sharp Corp. | | | | | 2,188 | | | | | | 25,116 | | |
Shimamura Co., Ltd. | | | | | 257 | | | | | | 27,337 | | |
Shimano, Inc. | | | | | 826 | | | | | | 187,774 | | |
Shimizu Corp. | | | | | 6,224 | | | | | | 43,105 | | |
Shinsei Bank Ltd. | | | | | 2,391 | | | | | | 28,635 | | |
Shionogi & Co., Ltd. | | | | | 3,207 | | | | | | 151,055 | | |
Shiseido Co., Ltd. | | | | | 4,236 | | | | | | 261,356 | | |
Shizuoka Bank Ltd. (The) | | | | | 5,455 | | | | | | 36,527 | | |
SoftBank Group Corp. | | | | | 15,050 | | | | | | 977,948 | | |
Sompo Holdings, Inc. | | | | | 3,574 | | | | | | 133,025 | | |
Sony Corp. | | | | | 13,584 | | | | | | 1,127,106 | | |
Square Enix Holdings Co., Ltd. | | | | | 932 | | | | | | 54,561 | | |
Stanley Electric Co., Ltd. | | | | | 1,577 | | | | | | 44,652 | | |
Sumitomo Chemical Co., Ltd. | | | | | 17,138 | | | | | | 55,739 | | |
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 1,794 | | | | | | 20,971 | | |
Sumitomo Electric Industries Ltd. | | | | | 7,971 | | | | | | 87,342 | | |
Sumitomo Heavy Industries Ltd. | | | | | 1,234 | | | | | | 26,205 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 2,557 | | | | | | 78,833 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 3,355 | | | | | | 89,331 | | |
Sumitomo Rubber Industries Ltd. | | | | | 1,910 | | | | | | 16,681 | | |
Suntory Beverage & Food Ltd. | | | | | 1,343 | | | | | | 46,248 | | |
Suzuken Co., Ltd. | | | | | 673 | | | | | | 24,238 | | |
Sysmex Corp. | | | | | 1,635 | | | | | | 153,271 | | |
Taiheiyo Cement Corp. | | | | | 1,272 | | | | | | 29,738 | | |
Taisei Corp. | | | | | 2,061 | | | | | | 63,975 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 16,583 | | | | | | 513,797 | | |
TDK Corp. | | | | | 1,358 | | | | | | 158,611 | | |
Teijin Ltd. | | | | | 1,946 | | | | | | 29,709 | | |
Terumo Corp. | | | | | 7,595 | | | | | | 278,764 | | |
THK Co., Ltd. | | | | | 1,289 | | | | | | 33,896 | | |
Tobu Railway Co., Ltd. | | | | | 2,161 | | | | | | 61,084 | | |
Toho Gas Co., Ltd. | | | | | 966 | | | | | | 49,806 | | |
Tokio Marine Holdings, Inc. | | | | | 6,889 | | | | | | 307,020 | | |
Tokyo Electron Ltd. | | | | | 1,505 | | | | | | 401,660 | | |
Tokyu Corp. | | | | | 6,392 | | | | | | 75,513 | | |
Toppan Printing Co., Ltd. | | | | | 3,032 | | | | | | 38,371 | | |
Toshiba Corp. | | | | | 4,635 | | | | | | 116,562 | | |
TOTO Ltd. | | | | | 1,660 | | | | | | 75,346 | | |
Toyo Suisan Kaisha Ltd. | | | | | 936 | | | | | | 46,558 | | |
Toyoda Gosei Co., Ltd. | | | | | 736 | | | | | | 18,572 | | |
Toyota Boshoku Corp. | | | �� | | 618 | | | | | | 8,903 | | |
Toyota Industries Corp. | | | | | 1,655 | | | | | | 106,386 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Toyota Motor Corp. | | | | | 24,355 | | | | | $ | 1,584,915 | | |
Trend Micro, Inc. | | | | | 1,425 | | | | | | 79,742 | | |
Unicharm Corp. | | | | | 4,127 | | | | | | 191,072 | | |
United Urban Investment Corp. | | | | | 32 | | | | | | 34,069 | | |
West Japan Railway Co. | | | | | 1,930 | | | | | | 82,340 | | |
Yakult Honsha Co., Ltd. | | | | | 1,252 | | | | | | 60,600 | | |
Yamada Holdings Co., Ltd. | | | | | 7,096 | | | | | | 34,482 | | |
Yamaha Corp. | | | | | 1,783 | | | | | | 83,914 | | |
Yamaha Motor Co., Ltd. | | | | | 3,134 | | | | | | 44,459 | | |
Yamato Holdings Co., Ltd. | | | | | 3,563 | | | | | | 93,864 | | |
Yaskawa Electric Corp. | | | | | 2,686 | | | | | | 103,673 | | |
Yokogawa Electric Corp. | | | | | 2,759 | | | | | | 40,274 | | |
Z Holdings Corp. | | | | | 28,001 | | | | | | 194,218 | | |
ZOZO, Inc. | | | | | 1,050 | | | | | | 26,627 | | |
Total Japan | | | | | | | | | | | 25,078,207 | | |
Mexico — 0.0%(a) | | ||||||||||||
Fresnillo PLC | | | | | 1,986 | | | | | | 29,852 | | |
Netherlands — 4.0% | | ||||||||||||
ABN AMRO Bank NV‡* | | | | | 4,758 | | | | | | 39,051 | | |
Adyen NV‡* | | | | | 203 | | | | | | 342,282 | | |
Akzo Nobel NV | | | | | 1,866 | | | | | | 179,757 | | |
ASML Holding NV | | | | | 4,592 | | | | | | 1,668,885 | | |
ING Groep NV* | | | | | 42,087 | | | | | | 287,238 | | |
Koninklijke DSM NV | | | | | 1,832 | | | | | | 293,319 | | |
Koninklijke Philips NV* | | | | | 9,724 | | | | | | 451,664 | | |
NN Group NV | | | | | 2,874 | | | | | | 100,232 | | |
NXP Semiconductors NV | | | | | 2,998 | | | | | | 405,090 | | |
Randstad NV* | | | | | 1,281 | | | | | | 64,029 | | |
Wolters Kluwer NV | | | | | 2,940 | | | | | | 238,288 | | |
Total Netherlands | | | | | | | | | | | 4,069,835 | | |
New Zealand — 0.2% | | ||||||||||||
Contact Energy Ltd. | | | | | 7,733 | | | | | | 37,717 | | |
Fletcher Building Ltd.* | | | | | 8,882 | | | | | | 24,067 | | |
Mercury NZ Ltd. | | | | | 6,558 | | | | | | 23,188 | | |
Meridian Energy Ltd. | | | | | 13,521 | | | | | | 47,361 | | |
Ryman Healthcare Ltd. | | | | | 4,449 | | | | | | 41,165 | | |
Spark New Zealand Ltd. | | | | | 19,791 | | | | | | 58,729 | | |
Total New Zealand | | | | | | | | | | | 232,227 | | |
Norway — 0.7% | | ||||||||||||
DNB ASA* | | | | | 9,456 | | | | | | 127,315 | | |
Equinor ASA | | | | | 11,417 | | | | | | 144,820 | | |
Mowi ASA | | | | | 4,807 | | | | | | 75,760 | | |
Norsk Hydro ASA* | | | | | 14,226 | | | | | | 39,781 | | |
Orkla ASA | | | | | 8,060 | | | | | | 75,955 | | |
Schibsted ASA, Class A* | | | | | 768 | | | | | | 31,270 | | |
Schibsted ASA, Class B* | | | | | 1,016 | | | | | | 36,415 | | |
Storebrand ASA* | | | | | 4,902 | | | | | | 25,692 | | |
Telenor ASA | | | | | 6,392 | | | | | | 98,432 | | |
TGS NOPEC Geophysical Co. ASA | | | | | 1,241 | | | | | | 11,425 | | |
TOMRA Systems ASA | | | | | 1,251 | | | | | | 50,347 | | |
Total Norway | | | | | | | | | | | 717,212 | | |
Poland — 0.3% | | ||||||||||||
Bank Polska Kasa Opieki SA* | | | | | 1,724 | | | | | | 18,385 | | |
CD Projekt SA* | | | | | 690 | | | | | | 58,386 | | |
Cyfrowy Polsat SA | | | | | 2,138 | | | | | | 13,312 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Poland (continued) | | ||||||||||||
Dino Polska SA‡* | | | | | 517 | | | | | $ | 28,356 | | |
Grupa Lotos SA | | | | | 932 | | | | | | 6,556 | | |
KGHM Polska Miedz SA* | | | | | 1,470 | | | | | | 43,818 | | |
mBank SA* | | | | | 138 | | | | | | 4,021 | | |
Polski Koncern Naftowy ORLEN SA(b) | | | | | 3,120 | | | | | | 29,990 | | |
Polskie Gornictwo Naftowe i Gazownictwo SA | | | | | 17,532 | | | | | | 18,445 | | |
Powszechna Kasa Oszczednosci Bank Polski SA* | | | | | 9,516 | | | | | | 45,507 | | |
Powszechny Zaklad Ubezpieczen SA* | | | | | 6,133 | | | | | | 33,422 | | |
Santander Bank Polska SA* | | | | | 358 | | | | | | 11,109 | | |
Total Poland | | | | | | | | | | | 311,307 | | |
Portugal — 0.2% | | ||||||||||||
EDP — Energias de Portugal SA | | | | | 26,472 | | | | | | 130,497 | | |
Jeronimo Martins SGPS SA | | | | | 2,638 | | | | | | 41,914 | | |
Total Portugal | | | | | | | | | | | 172,411 | | |
Singapore — 1.3% | | ||||||||||||
Ascendas Real Estate Investment Trust | | | | | 31,340 | | | | | | 66,100 | | |
CapitaLand Ltd. | | | | | 26,652 | | | | | | 50,161 | | |
CapitaLand Mall Trust | | | | | 48,369 | | | | | | 61,280 | | |
City Developments Ltd. | | | | | 6,318 | | | | | | 29,334 | | |
ComfortDelGro Corp., Ltd. | | | | | 23,311 | | | | | | 23,046 | | |
DBS Group Holdings Ltd. | | | | | 19,100 | | | | | | 284,647 | | |
Jardine Cycle & Carriage Ltd. | | | | | 1,066 | | | | | | 13,865 | | |
Keppel Corp., Ltd. | | | | | 15,401 | | | | | | 49,513 | | |
Oversea-Chinese Banking Corp., Ltd. | | | | | 39,638 | | | | | | 244,417 | | |
Singapore Exchange Ltd. | | | | | 8,435 | | | | | | 53,495 | | |
Singapore Press Holdings Ltd. | | | | | 17,154 | | | | | | 12,437 | | |
Singapore Telecommunications Ltd. | | | | | 83,463 | | | | | | 124,079 | | |
Suntec Real Estate Investment Trust | | | | | 19,244 | | | | | | 18,885 | | |
United Overseas Bank Ltd. | | | | | 15,355 | | | | | | 213,542 | | |
UOL Group Ltd. | | | | | 5,739 | | | | | | 26,142 | | |
Total Singapore | | | | | | | | | | | 1,270,943 | | |
Spain — 2.5% | | ||||||||||||
Amadeus IT Group SA | | | | | 4,849 | | | | | | 231,526 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 71,812 | | | | | | 205,947 | | |
Banco Santander SA* | | | | | 177,307 | | | | | | 353,342 | | |
Cellnex Telecom SA‡* | | | | | 3,726 | | | | | | 239,233 | | |
Ferrovial SA | | | | | 5,062 | | | | | | 109,527 | | |
Iberdrola SA | | | | | 65,404 | | | | | | 771,381 | | |
Industria de Diseno Textil SA* | | | | | 8,841 | | | | | | 218,224 | | |
Mapfre SA | | | | | 10,343 | | | | | | 15,590 | | |
Red Electrica Corp. SA | | | | | 4,649 | | | | | | 81,908 | | |
Repsol SA | | | | | 14,827 | | | | | | 92,228 | | |
Siemens Gamesa Renewable Energy SA | | | | | 1,807 | | | | | | 51,212 | | |
Telefonica SA | | | | | 48,863 | | | | | | 159,712 | | |
Total Spain | | | | | | | | | | | 2,529,830 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden — 4.0% | | ||||||||||||
AAK AB* | | | | | 1,827 | | | | | $ | 35,591 | | |
Alfa Laval AB* | | | | | 3,201 | | | | | | 64,911 | | |
Assa Abloy AB, B Shares | | | | | 10,119 | | | | | | 217,133 | | |
Atlas Copco AB, A Shares | | | | | 6,981 | | | | | | 308,144 | | |
Atlas Copco AB, B Shares | | | | | 4,207 | | | | | | 161,311 | | |
Boliden AB | | | | | 2,896 | | | | | | 79,125 | | |
Castellum AB | | | | | 2,459 | | | | | | 51,218 | | |
Electrolux AB, Series B*(b) | | | | | 2,693 | | | | | | 60,781 | | |
Elekta AB, B Shares(b) | | | | | 3,502 | | | | | | 41,035 | | |
Epiroc AB, A Shares | | | | | 6,718 | | | | | | 100,380 | | |
Epiroc AB, B Shares | | | | | 3,929 | | | | | | 56,323 | | |
Essity AB, B Shares(b) | | | | | 6,557 | | | | | | 189,981 | | |
Fabege AB | | | | | 2,874 | | | | | | 36,308 | | |
Hennes & Mauritz AB, B Shares(b) | | | | | 8,008 | | | | | | 130,091 | | |
Hexagon AB, B Shares* | | | | | 3,015 | | | | | | 220,304 | | |
ICA Gruppen AB(b) | | | | | 928 | | | | | | 43,923 | | |
Industrivarden AB, A Shares* | | | | | 1,144 | | | | | | 30,768 | | |
Industrivarden AB, C Shares* | | | | | 1,610 | | | | | | 41,167 | | |
Investor AB, A Shares | | | | | 1,424 | | | | | | 85,269 | | |
Investor AB, B Shares | | | | | 4,907 | | | | | | 294,602 | | |
Kinnevik AB, B Shares | | | | | 2,598 | | | | | | 106,577 | | |
Nibe Industrier AB, B Shares* | | | | | 4,551 | | | | | | 109,721 | | |
Sandvik AB* | | | | | 11,525 | | | | | | 205,222 | | |
Securitas AB, B Shares* | | | | | 3,321 | | | | | | 46,992 | | |
Skandinaviska Enskilda Banken AB, A Shares* | | | | | 16,459 | | | | | | 141,085 | | |
Skandinaviska Enskilda Banken AB, C Shares* | | | | | 198 | | | | | | 1,820 | | |
Skanska AB, B Shares(b) | | | | | 4,162 | | | | | | 78,226 | | |
SKF AB, B Shares | | | | | 4,562 | | | | | | 93,381 | | |
SSAB AB, A Shares* | | | | | 2,169 | | | | | | 6,306 | | |
SSAB AB, B Shares* | | | | | 5,890 | | | | | | 15,921 | | |
Svenska Cellulosa AB SCA, B Shares* | | | | | 6,108 | | | | | | 82,859 | | |
Swedbank AB, A Shares* | | | | | 11,609 | | | | | | 181,938 | | |
Tele2 AB, B Shares | | | | | 4,827 | | | | | | 57,239 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 31,790 | | | | | | 354,573 | | |
Volvo AB, A Shares* | | | | | 2,128 | | | | | | 41,359 | | |
Volvo AB, B Shares* | | | | | 16,169 | | | | | | 314,528 | | |
Total Sweden | | | | | | | | | | | 4,086,112 | | |
Switzerland — 10.1% | | ||||||||||||
ABB Ltd. | | | | | 20,191 | | | | | | 490,153 | | |
Alcon, Inc.* | | | | | 5,271 | | | | | | 299,623 | | |
Cie Financiere Richemont SA, Class A | | | | | 5,501 | | | | | | 345,107 | | |
Credit Suisse Group AG | | | | | 24,788 | | | | | | 233,235 | | |
Geberit AG | | | | | 383 | | | | | | 218,129 | | |
Givaudan SA | | | | | 86 | | | | | | 350,549 | | |
Kuehne + Nagel International AG | | | | | 597 | | | | | | 119,263 | | |
Nestle SA | | | | | 31,072 | | | | | | 3,495,197 | | |
Roche Holding AG | | | | | 287 | | | | | | 92,436 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Switzerland (continued) | | ||||||||||||
Roche Holding AG | | | | | 7,576 | | | | | $ | 2,436,338 | | |
Schindler Holding AG — Participating Certificate | | | | | 434 | | | | | | 111,039 | | |
Schindler Holding AG — Registered | | | | | 209 | | | | | | 53,678 | | |
SGS SA | | | | | 56 | | | | | | 139,977 | | |
Sika AG | | | | | 1,446 | | | | | | 356,077 | | |
STMicroelectronics NV | | | | | 6,926 | | | | | | 210,972 | | |
Swiss Re AG | | | | | 2,973 | | | | | | 213,240 | | |
Swisscom AG | | | | | 274 | | | | | | 139,399 | | |
UBS Group AG | | | | | 41,620 | | | | | | 483,383 | | |
Zurich Insurance Group AG | | | | | 1,622 | | | | | | 537,983 | | |
Total Switzerland | | | | | | | | | | | 10,325,778 | | |
United Kingdom — 11.9% | | ||||||||||||
3i Group PLC | | | | | 10,495 | | | | | | 130,408 | | |
Admiral Group PLC | | | | | 2,772 | | | | | | 98,565 | | |
Ashtead Group PLC | | | | | 4,832 | | | | | | 174,938 | | |
Associated British Foods PLC | | | | | 3,880 | | | | | | 85,161 | | |
AstraZeneca PLC | | | | | 13,598 | | | | | | 1,365,435 | | |
Auto Trader Group PLC‡ | | | | | 10,187 | | | | | | 76,265 | | |
AVEVA Group PLC | | | | | 692 | | | | | | 38,385 | | |
Aviva PLC | | | | | 42,379 | | | | | | 141,100 | | |
Barratt Developments PLC* | | | | | 10,968 | | | | | | 68,426 | | |
Berkeley Group Holdings PLC | | | | | 1,276 | | | | | | 66,935 | | |
British Land Co. PLC (The) | | | | | 9,254 | | | | | | 41,712 | | |
BT Group PLC | | | | | 94,015 | | | | | | 123,263 | | |
Bunzl PLC | | | | | 3,631 | | | | | | 112,677 | | |
Burberry Group PLC | | | | | 4,360 | | | | | | 76,444 | | |
Coca-Cola European Partners PLC | | | | | 1,536 | | | | | | 54,851 | | |
Compass Group PLC | | | | | 19,236 | | | | | | 262,401 | | |
Croda International PLC | | | | | 1,386 | | | | | | 108,135 | | |
DS Smith PLC* | | | | | 14,781 | | | | | | 54,106 | | |
easyJet PLC | | | | | 3,299 | | | | | | 21,576 | | |
Experian PLC | | | | | 9,876 | | | | | | 359,722 | | |
GlaxoSmithKline PLC | | | | | 54,123 | | | | | | 904,015 | | |
Halma PLC | | | | | 4,079 | | | | | | 124,892 | | |
HSBC Holdings PLC* | | | | | 219,668 | | | | | | 921,822 | | |
Informa PLC* | | | | | 16,177 | | | | | | 87,433 | | |
InterContinental Hotels Group PLC* | | | | | 1,891 | | | | | | 95,749 | | |
Intertek Group PLC | | | | | 1,734 | | | | | | 124,928 | | |
ITV PLC* | | | | | 39,103 | | | | | | 36,474 | | |
J Sainsbury PLC | | | | | 23,961 | | | | | | 62,459 | | |
Johnson Matthey PLC | | | | | 2,086 | | | | | | 57,963 | | |
Kingfisher PLC* | | | | | 22,762 | | | | | | 84,497 | | |
Land Securities Group PLC | | | | | 7,994 | | | | | | 52,643 | | |
Legal & General Group PLC | | | | | 64,338 | | | | | | 153,733 | | |
Liberty Global PLC, Class A* | | | | | 1,547 | | | | | | 29,362 | | |
Liberty Global PLC, Class C* | | | | | 4,133 | | | | | | 77,122 | | |
Lloyds Banking Group PLC* | | | | | 762,666 | | | | | | 276,362 | | |
London Stock Exchange Group PLC | | | | | 3,788 | | | | | | 405,447 | | |
Marks & Spencer Group PLC | | | | | 21,040 | | | | | | 24,250 | | |
Mondi PLC | | | | | 5,237 | | | | | | 99,066 | | |
Natwest Group PLC* | | | | | 49,806 | | | | | | 79,984 | | |
Next PLC | | | | | 1,333 | | | | | | 100,657 | | |
Pearson PLC | | | | | 8,106 | | | | | | 53,453 | | |
Prudential PLC | | | | | 28,084 | | | | | | 342,355 | | |
Reckitt Benckiser Group PLC | | | | | 7,656 | | | | | | 673,146 | | |
RELX PLC | | | | | 20,825 | | | | | | 411,306 | | |
Rentokil Initial PLC* | | | | | 19,982 | | | | | | 135,901 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | ||||||||||||
Sage Group PLC (The) | | | | | 11,744 | | | | | $ | 96,516 | | |
Schroders PLC | | | | | 1,272 | | | | | | 42,992 | | |
Segro PLC | | | | | 12,823 | | | | | | 149,553 | | |
Severn Trent PLC | | | | | 2,605 | | | | | | 81,849 | | |
Smith & Nephew PLC | | | | | 9,442 | | | | | | 163,167 | | |
Spirax-Sarco Engineering PLC | | | | | 793 | | | | | | 115,659 | | |
Standard Chartered PLC* | | | | | 34,032 | | | | | | 154,804 | | |
Standard Life Aberdeen PLC | | | | | 24,373 | | | | | | 70,750 | | |
Taylor Wimpey PLC* | | | | | 38,246 | | | | | | 52,320 | | |
TechnipFMC PLC | | | | | 4,525 | | | | | | 25,023 | | |
Unilever NV | | | | | 14,799 | | | | | | 836,934 | | |
Unilever PLC | | | | | 11,892 | | | | | | 677,175 | | |
United Utilities Group PLC | | | | | 7,354 | | | | | | 82,098 | | |
Vodafone Group PLC | | | | | 289,241 | | | | | | 385,208 | | |
Weir Group PLC (The)* | | | | | 2,794 | | | | | | 51,787 | | |
Whitbread PLC | | | | | 2,175 | | | | | | 60,380 | | |
Wm Morrison Supermarkets PLC | | | | | 25,901 | | | | | | 54,555 | | |
WPP PLC | | | | | 13,205 | | | | | | 105,279 | | |
Total United Kingdom | | | | | | | | | | | 12,081,573 | | |
United States — 0.2% | | ||||||||||||
Ferguson PLC* | | | | | 2,422 | | | | | | 241,826 | | |
Total Common Stocks (Cost $95,073,338) | | | | | | | | | | | 101,003,728 | | |
Preferred Stocks — 0.4% | | | | | | | | | | | | | |
Germany — 0.4% | | ||||||||||||
Bayerische Motoren Werke AG, 5.46% | | | | | 613 | | | | | | 31,704 | | |
Henkel AG & Co. KGaA, 2.18% | | | | | 1,884 | | | | | | 183,291 | | |
Sartorius AG, 0.10% | | | | | 368 | | | | | | 155,777 | | |
Total Germany | | | | | | | | | | | 370,772 | | |
Total Preferred Stocks (Cost $311,754) | | | | | | | | | | | 370,772 | | |
Rights — 0.0%(a) | | ||||||||||||
China — 0.0%(a) | | ||||||||||||
Shimao Group Holdings Ltd., expires 11/2/20*(c) (Cost $0) | | | | | 218 | | | | | | 0 | | |
Short-Term Investments — 1.0% | | | | | | | | | | | | | |
Money Market Funds — 1.0% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(d)(e) | | | | | 862,955 | | | | | | 862,955 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(d) | | | | | 183,923 | | | | | | 183,923 | | |
Total Short-Term Investments (Cost $1,046,878) | | | | | | | | | | | 1,046,878 | | |
Total Investments — 100.6% (Cost $96,431,970) | | | | | | | | | | | 102,421,378 | | |
Other Assets and Liabilities, Net — (0.6)% | | | | | | | | | | | (596,547) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 101,824,831 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 101,003,728 | | | | | $ | — | | | | | $ | — | | | | | $ | 101,003,728 | | |
Preferred Stocks | | | | | 370,772 | | | | | | — | | | | | | — | | | | | | 370,772 | | |
Rights | | | | | — | | | | | | — | | | | | | 0(g) | | | | | | 0 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,046,878 | | | | | | — | | | | | | — | | | | | | 1,046,878 | | |
Total Investments in Securities | | | | $ | 102,421,378 | | | | | $ | — | | | | | $ | 0 | | | | | $ | 102,421,378 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.9% | | ||||||||||||
Communication Services — 10.5% | | ||||||||||||
Activision Blizzard, Inc. | | | | | 8,283 | | | | | $ | 627,272 | | |
Alphabet, Inc., Class A* | | | | | 3,245 | | | | | | 5,244,277 | | |
Alphabet, Inc., Class C* | | | | | 3,157 | | | | | | 5,117,529 | | |
AT&T, Inc. | | | | | 77,292 | | | | | | 2,088,430 | | |
CenturyLink, Inc.(a) | | | | | 11,797 | | | | | | 101,690 | | |
Charter Communications, Inc., Class A*(a) | | | | | 1,558 | | | | | | 940,752 | | |
Comcast Corp., Class A | | | | | 49,114 | | | | | | 2,074,575 | | |
Discovery, Inc., Class C* | | | | | 3,496 | | | | | | 64,047 | | |
Discovery, Inc., Class A* | | | | | 1,681 | | | | | | 34,023 | | |
DISH Network Corp., Class A* | | | | | 2,659 | | | | | | 67,778 | | |
Electronic Arts, Inc.* | | | | | 3,123 | | | | | | 374,229 | | |
Fox Corp., Class B | | | | | 1,714 | | | | | | 44,804 | | |
Fox Corp., Class A | | | | | 3,647 | | | | | | 96,718 | | |
Interpublic Group of Cos., Inc. (The) | | | | | 4,211 | | | | | | 76,177 | | |
Omnicom Group, Inc. | | | | | 2,320 | | | | | | 109,504 | | |
Sirius XM Holdings, Inc.(a) | | | | | 11,626 | | | | | | 66,617 | | |
Take-Two Interactive Software, Inc.* | | | | | 1,229 | | | | | | 190,397 | | |
T-Mobile US, Inc.* | | | | | 4,190 | | | | | | 459,098 | | |
Twitter, Inc.* | | | | | 8,178 | | | | | | 338,242 | | |
Verizon Communications, Inc. | | | | | 44,895 | | | | | | 2,558,566 | | |
ViacomCBS, Inc., Class B(a) | | | | | 5,830 | | | | | | 166,563 | | |
ViacomCBS, Inc., Class A | | | | | 129 | | | | | | 3,852 | | |
Walt Disney Co. (The) | | | | | 19,594 | | | | | | 2,375,772 | | |
Total Communication Services | | | | | | | | | | | 23,220,912 | | |
Consumer Discretionary — 15.0% | | ||||||||||||
Advance Auto Parts, Inc. | | | | | 740 | | | | | | 108,987 | | |
Amazon.com, Inc.* | | | | | 4,576 | | | | | | 13,893,422 | | |
Best Buy Co., Inc. | | | | | 2,497 | | | | | | 278,540 | | |
Booking Holdings, Inc.* | | | | | 452 | | | | | | 733,370 | | |
CarMax, Inc.*(a) | | | | | 1,750 | | | | | | 151,270 | | |
Chipotle Mexican Grill, Inc.* | | | | | 303 | | | | | | 364,049 | | |
Dollar General Corp. | | | | | 2,709 | | | | | | 565,395 | | |
eBay, Inc. | | | | | 7,235 | | | | | | 344,603 | | |
Ford Motor Co. | | | | | 42,063 | | | | | | 325,147 | | |
Hasbro, Inc. | | | | | 1,394 | | | | | | 115,312 | | |
Hilton Worldwide Holdings, Inc. | | | | | 2,966 | | | | | | 260,445 | | |
Home Depot, Inc. (The) | | | | | 11,644 | | | | | | 3,105,571 | | |
Lowe’s Cos., Inc. | | | | | 8,180 | | | | | | 1,293,258 | | |
Lululemon Athletica, Inc.* | | | | | 1,285 | | | | | | 410,288 | | |
Marriott International, Inc., Class A | | | | | 2,614 | | | | | | 242,788 | | |
McDonald’s Corp. | | | | | 8,046 | | | | | | 1,713,798 | | |
MercadoLibre, Inc.* | | | | | 501 | | | | | | 608,239 | | |
Mohawk Industries, Inc.* | | | | | 635 | | | | | | 65,526 | | |
Newell Brands, Inc. | | | | | 4,088 | | | | | | 72,194 | | |
NIKE, Inc., Class B | | | | | 13,310 | | | | | | 1,598,265 | | |
PulteGroup, Inc. | | | | | 2,817 | | | | | | 114,821 | | |
Royal Caribbean Cruises Ltd. | | | | | 1,861 | | | | | | 104,998 | | |
Starbucks Corp. | | | | | 12,671 | | | | | | 1,101,870 | | |
Target Corp. | | | | | 5,438 | | | | | | 827,772 | | |
Tesla, Inc.*(a) | | | | | 8,002 | | | | | | 3,105,096 | | |
Tiffany & Co. | | | | | 1,291 | | | | | | 168,914 | | |
TJX Cos., Inc. (The) | | | | | 12,039 | | | | | | 611,581 | | |
Tractor Supply Co. | | | | | 1,249 | | | | | | 166,379 | | |
Ulta Beauty, Inc.* | | | | | 597 | | | | | | 123,442 | | |
VF Corp. | | | | | 3,473 | | | | | | 233,386 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
Yum! Brands, Inc. | | | | | 3,272 | | | | | $ | 305,376 | | |
Total Consumer Discretionary | | | | | | | | | | | 33,114,102 | | |
Consumer Staples — 6.0% | | ||||||||||||
Campbell Soup Co. | | | | | 2,078 | | | | | | 96,980 | | |
Church & Dwight Co., Inc. | | | | | 2,664 | | | | | | 235,471 | | |
Clorox Co. (The) | | | | | 1,378 | | | | | | 285,590 | | |
Coca-Cola Co. (The) | | | | | 41,837 | | | | | | 2,010,686 | | |
Colgate-Palmolive Co. | | | | | 9,259 | | | | | | 730,443 | | |
Conagra Brands, Inc. | | | | | 5,157 | | | | | | 180,959 | | |
Estee Lauder Cos., Inc. (The), Class A | | | | | 2,163 | | | | | | 475,125 | | |
General Mills, Inc. | | | | | 6,595 | | | | | | 389,896 | | |
Hershey Co. (The) | | | | | 1,586 | | | | | | 218,012 | | |
Hormel Foods Corp. | | | | | 3,025 | | | | | | 147,287 | | |
J M Smucker Co. (The) | | | | | 1,205 | | | | | | 135,201 | | |
Kellogg Co. | | | | | 2,783 | | | | | | 175,023 | | |
Keurig Dr Pepper, Inc. | | | | | 4,231 | | | | | | 113,814 | | |
Kimberly-Clark Corp. | | | | | 3,660 | | | | | | 485,279 | | |
Kroger Co. (The) | | | | | 8,162 | | | | | | 262,898 | | |
McCormick & Co., Inc. | | | | | 1,307 | | | | | | 235,927 | | |
Mondelez International, Inc., Class A | | | | | 15,269 | | | | | | 811,089 | | |
PepsiCo, Inc. | | | | | 15,040 | | | | | | 2,004,682 | | |
Procter & Gamble Co. (The) | | | | | 26,715 | | | | | | 3,662,627 | | |
Sysco Corp. | | | | | 5,216 | | | | | | 288,497 | | |
Walgreens Boots Alliance, Inc. | | | | | 7,882 | | | | | | 268,303 | | |
Total Consumer Staples | | | | | | | | | | | 13,213,789 | | |
Energy — 0.6% | | ||||||||||||
Baker Hughes Co. | | | | | 7,085 | | | | | | 104,645 | | |
Cheniere Energy, Inc.* | | | | | 2,495 | | | | | | 119,436 | | |
Halliburton Co. | | | | | 8,793 | | | | | | 106,044 | | |
Kinder Morgan, Inc. | | | | | 21,049 | | | | | | 250,483 | | |
ONEOK, Inc. | | | | | 4,812 | | | | | | 139,548 | | |
Schlumberger NV | | | | | 15,041 | | | | | | 224,712 | | |
Valero Energy Corp. | | | | | 4,403 | | | | | | 170,000 | | |
Williams Cos., Inc. (The) | | | | | 13,154 | | | | | | 252,425 | | |
Total Energy | | | | | | | | | | | 1,367,293 | | |
Financials — 5.2% | | ||||||||||||
Aflac, Inc. | | | | | 7,222 | | | | | | 245,187 | | |
Allstate Corp. (The) | | | | | 3,316 | | | | | | 294,295 | | |
American Express Co. | | | | | 6,552 | | | | | | 597,804 | | |
American International Group, Inc. | | | | | 9,365 | | | | | | 294,904 | | |
Ameriprise Financial, Inc. | | | | | 1,301 | | | | | | 209,240 | | |
Annaly Capital Management, Inc. | | | | | 15,485 | | | | | | 109,789 | | |
Aon PLC, Class A | | | | | 2,494 | | | | | | 458,921 | | |
Arch Capital Group Ltd.* | | | | | 4,254 | | | | | | 128,513 | | |
Bank of New York Mellon Corp. (The) | | | | | 8,630 | | | | | | 296,527 | | |
Capital One Financial Corp. | | | | | 4,882 | | | | | | 356,777 | | |
Chubb Ltd. | | | | | 4,250 | | | | | | 552,118 | | |
Cincinnati Financial Corp. | | | | | 1,708 | | | | | | 120,824 | | |
Discover Financial Services | | | | | 3,299 | | | | | | 214,468 | | |
Fifth Third Bancorp | | | | | 7,690 | | | | | | 178,562 | | |
First Republic Bank | | | | | 1,855 | | | | | | 233,990 | | |
Franklin Resources, Inc. | | | | | 3,018 | | | | | | 56,587 | | |
Globe Life, Inc. | | | | | 1,070 | | | | | | 86,766 | | |
Hartford Financial Services Group, Inc. (The) | | | | | 3,889 | | | | | | 149,804 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | ||||||||||||
Huntington Bancshares, Inc. | | | | | 10,851 | | | | | $ | 113,284 | | |
Intercontinental Exchange, Inc. | | | | | 5,852 | | | | | | 552,429 | | |
KeyCorp | | | | | 10,524 | | | | | | 136,602 | | |
Lincoln National Corp. | | | | | 1,992 | | | | | | 69,919 | | |
Marsh & McLennan Cos., Inc. | | | | | 5,516 | | | | | | 570,685 | | |
MetLife, Inc. | | | | | 7,641 | | | | | | 289,212 | | |
Moody’s Corp. | | | | | 1,748 | | | | | | 459,549 | | |
Morgan Stanley | | | | | 15,410 | | | | | | 741,992 | | |
MSCI, Inc. | | | | | 898 | | | | | | 314,156 | | |
Northern Trust Corp. | | | | | 2,165 | | | | | | 169,455 | | |
PNC Financial Services Group, Inc. (The) | | | | | 4,499 | | | | | | 503,348 | | |
Progressive Corp. (The) | | | | | 6,316 | | | | | | 580,440 | | |
Prudential Financial, Inc. | | | | | 4,265 | | | | | | 273,045 | | |
Raymond James Financial, Inc. | | | | | 1,302 | | | | | | 99,525 | | |
Regions Financial Corp. | | | | | 10,362 | | | | | | 137,815 | | |
Reinsurance Group of America, Inc. | | | | | 749 | | | | | | 75,664 | | |
S&P Global, Inc. | | | | | 2,629 | | | | | | 848,457 | | |
Travelers Cos., Inc. (The) | | | | | 2,713 | | | | | | 327,486 | | |
Truist Financial Corp. | | | | | 14,562 | | | | | | 613,351 | | |
Total Financials | | | | | | | | | | | 11,461,490 | | |
Health Care — 13.9% | | ||||||||||||
Abbott Laboratories | | | | | 19,034 | | | | | | 2,000,664 | | |
AbbVie, Inc. | | | | | 19,118 | | | | | | 1,626,942 | | |
ABIOMED, Inc.* | | | | | 475 | | | | | | 119,643 | | |
Agilent Technologies, Inc. | | | | | 3,322 | | | | | | 339,143 | | |
Alexion Pharmaceuticals, Inc.* | | | | | 2,310 | | | | | | 265,973 | | |
Align Technology, Inc.* | | | | | 782 | | | | | | 333,195 | | |
AmerisourceBergen Corp. | | | | | 1,581 | | | | | | 151,887 | | |
Amgen, Inc. | | | | | 6,389 | | | | | | 1,386,030 | | |
Baxter International, Inc. | | | | | 5,493 | | | | | | 426,092 | | |
Becton Dickinson and Co. | | | | | 3,138 | | | | | | 725,286 | | |
Biogen, Inc.* | | | | | 1,745 | | | | | | 439,862 | | |
Boston Scientific Corp.* | | | | | 15,483 | | | | | | 530,602 | | |
Bristol-Myers Squibb Co. | | | | | 24,518 | | | | | | 1,433,077 | | |
Cardinal Health, Inc. | | | | | 3,147 | | | | | | 144,101 | | |
Centene Corp.* | | | | | 6,135 | | | | | | 362,578 | | |
Cerner Corp. | | | | | 3,297 | | | | | | 231,087 | | |
Cigna Corp. | | | | | 3,971 | | | | | | 663,038 | | |
Cooper Cos., Inc. (The) | | | | | 592 | | | | | | 188,878 | | |
CVS Health Corp. | | | | | 14,142 | | | | | | 793,225 | | |
Danaher Corp. | | | | | 6,793 | | | | | | 1,559,265 | | |
Edwards Lifesciences Corp.* | | | | | 6,696 | | | | | | 480,036 | | |
Eli Lilly and Co. | | | | | 9,140 | | | | | | 1,192,404 | | |
Gilead Sciences, Inc. | | | | | 13,539 | | | | | | 787,293 | | |
HCA Healthcare, Inc. | | | | | 2,851 | | | | | | 353,353 | | |
Hologic, Inc.* | | | | | 2,793 | | | | | | 192,214 | | |
Humana, Inc. | | | | | 1,425 | | | | | | 568,974 | | |
Illumina, Inc.* | | | | | 1,583 | | | | | | 463,344 | | |
Incyte Corp.* | | | | | 2,003 | | | | | | 173,540 | | |
IQVIA Holdings, Inc.* | | | | | 2,005 | | | | | | 308,750 | | |
Jazz Pharmaceuticals PLC* | | | | | 596 | | | | | | 85,884 | | |
Johnson & Johnson | | | | | 28,570 | | | | | | 3,917,233 | | |
Laboratory Corp. of America Holdings* | | | | | 1,065 | | | | | | 212,755 | | |
Medtronic PLC | | | | | 14,556 | | | | | | 1,463,897 | | |
Merck & Co., Inc. | | | | | 27,404 | | | | | | 2,061,055 | | |
Mettler-Toledo International, Inc.* | | | | | 274 | | | | | | 273,427 | | |
Mylan NV* | | | | | 5,599 | | | | | | 81,409 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | ||||||||||||
Perrigo Co. PLC | | | | | 1,456 | | | | | $ | 63,875 | | |
Quest Diagnostics, Inc. | | | | | 1,434 | | | | | | 175,149 | | |
ResMed, Inc. | | | | | 1,561 | | | | | | 299,618 | | |
Stryker Corp. | | | | | 3,604 | | | | | | 728,044 | | |
Thermo Fisher Scientific, Inc. | | | | | 4,265 | | | | | | 2,017,857 | | |
Varian Medical Systems, Inc.* | | | | | 970 | | | | | | 167,616 | | |
Vertex Pharmaceuticals, Inc.* | | | | | 2,815 | | | | | | 586,533 | | |
Waters Corp.* | | | | | 656 | | | | | | 146,170 | | |
Total Health Care | | | | | | | | | | | 30,520,998 | | |
Industrials — 5.9% | | ||||||||||||
3M Co. | | | | | 6,237 | | | | | | 997,671 | | |
CH Robinson Worldwide, Inc.(a) | | | | | 1,437 | | | | | | 127,074 | | |
Cintas Corp. | | | | | 948 | | | | | | 298,193 | | |
Copart, Inc.* | | | | | 2,306 | | | | | | 254,490 | | |
CoStar Group, Inc.* | | | | | 437 | | | | | | 359,918 | | |
CSX Corp. | | | | | 8,283 | | | | | | 653,860 | | |
Cummins, Inc. | | | | | 1,576 | | | | | | 346,547 | | |
Deere & Co. | | | | | 3,406 | | | | | | 769,449 | | |
Dover Corp. | | | | | 1,559 | | | | | | 172,597 | | |
Eaton Corp. PLC | | | | | 4,350 | | | | | | 451,487 | | |
FedEx Corp. | | | | | 2,630 | | | | | | 682,406 | | |
General Electric Co. | | | | | 93,493 | | | | | | 693,718 | | |
Ingersoll Rand, Inc.* | | | | | 4,128 | | | | | | 144,232 | | |
Johnson Controls International PLC | | | | | 8,033 | | | | | | 339,073 | | |
Kansas City Southern | | | | | 1,049 | | | | | | 184,771 | | |
Masco Corp. | | | | | 2,839 | | | | | | 152,170 | | |
Norfolk Southern Corp. | | | | | 2,792 | | | | | | 583,863 | | |
Parker-Hannifin Corp. | | | | | 1,392 | | | | | | 290,037 | | |
Republic Services, Inc. | | | | | 2,246 | | | | | | 198,030 | | |
Rockwell Automation, Inc. | | | | | 1,250 | | | | | | 296,400 | | |
Roper Technologies, Inc. | | | | | 1,107 | | | | | | 411,073 | | |
Southwest Airlines Co. | | | | | 6,392 | | | | | | 252,676 | | |
Stanley Black & Decker, Inc. | | | | | 1,685 | | | | | | 280,047 | | |
Trane Technologies PLC | | | | | 2,561 | | | | | | 339,973 | | |
Union Pacific Corp. | | | | | 7,357 | | | | | | 1,303,587 | | |
United Parcel Service, Inc., Class B | | | | | 7,656 | | | | | | 1,202,834 | | |
United Rentals, Inc.*(a) | | | | | 780 | | | | | | 139,066 | | |
Verisk Analytics, Inc. | | | | | 1,739 | | | | | | 309,490 | | |
Waste Management, Inc. | | | | | 4,575 | | | | | | 493,688 | | |
WW Grainger, Inc. | | | | | 481 | | | | | | 168,360 | | |
Xylem, Inc. | | | | | 1,924 | | | | | | 167,657 | | |
Total Industrials | | | | | | | | | | | 13,064,437 | | |
Information Technology — 35.3% | | ||||||||||||
Accenture PLC, Class A | | | | | 6,895 | | | | | | 1,495,594 | | |
Adobe, Inc.* | | | | | 5,186 | | | | | | 2,318,661 | | |
Advanced Micro Devices, Inc.* | | | | | 12,656 | | | | | | 952,870 | | |
Akamai Technologies, Inc.* | | | | | 1,724 | | | | | | 163,987 | | |
Amphenol Corp., Class A | | | | | 3,177 | | | | | | 358,493 | | |
Analog Devices, Inc. | | | | | 3,965 | | | | | | 469,971 | | |
ANSYS, Inc.* | | | | | 925 | | | | | | 281,542 | | |
Apple, Inc. | | | | | 187,971 | | | | | | 20,462,523 | | |
Applied Materials, Inc. | | | | | 9,885 | | | | | | 585,488 | | |
Autodesk, Inc.* | | | | | 2,368 | | | | | | 557,759 | | |
Automatic Data Processing, Inc. | | | | | 4,341 | | | | | | 685,704 | | |
Broadcom, Inc. | | | | | 4,252 | | | | | | 1,486,627 | | |
Broadridge Financial Solutions, Inc. | | | | | 1,243 | | | | | | 171,037 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
Cadence Design Systems, Inc.* | | | | | 2,984 | | | | | $ | 326,360 | | |
Cisco Systems, Inc. | | | | | 42,362 | | | | | | 1,520,796 | | |
Citrix Systems, Inc. | | | | | 1,304 | | | | | | 147,704 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 5,836 | | | | | | 416,807 | | |
Corning, Inc. | | | | | 8,209 | | | | | | 262,442 | | |
Dell Technologies, Inc., Class C* | | | | | 2,546 | | | | | | 153,422 | | |
F5 Networks, Inc.* | | | | | 649 | | | | | | 86,278 | | |
Fortinet, Inc.* | | | | | 1,464 | | | | | | 161,582 | | |
Hewlett Packard Enterprise Co. | | | | | 13,928 | | | | | | 120,338 | | |
HP, Inc. | | | | | 15,501 | | | | | | 278,398 | | |
Intel Corp. | | | | | 45,951 | | | | | | 2,034,710 | | |
International Business Machines Corp. | | | | | 9,610 | | | | | | 1,073,053 | | |
Intuit, Inc. | | | | | 2,713 | | | | | | 853,727 | | |
Juniper Networks, Inc. | | | | | 3,571 | | | | | | 70,420 | | |
KLA Corp. | | | | | 1,691 | | | | | | 333,431 | | |
Lam Research Corp. | | | | | 1,561 | | | | | | 533,987 | | |
Mastercard, Inc., Class A | | | | | 9,529 | | | | | | 2,750,450 | | |
Microchip Technology, Inc.(a) | | | | | 2,624 | | | | | | 275,730 | | |
Micron Technology, Inc.* | | | | | 12,051 | | | | | | 606,647 | | |
Microsoft Corp. | | | | | 81,134 | | | | | | 16,427,201 | | |
Motorola Solutions, Inc. | | | | | 1,852 | | | | | | 292,727 | | |
NortonLifeLock, Inc. | | | | | 5,962 | | | | | | 122,638 | | |
NVIDIA Corp. | | | | | 6,408 | | | | | | 3,212,715 | | |
Okta, Inc.* | | | | | 1,249 | | | | | | 262,078 | | |
Oracle Corp. | | | | | 20,870 | | | | | | 1,171,016 | | |
PayPal Holdings, Inc.* | | | | | 12,723 | | | | | | 2,368,132 | | |
Qorvo, Inc.* | | | | | 1,241 | | | | | | 158,054 | | |
QUALCOMM, Inc. | | | | | 12,209 | | | | | | 1,506,102 | | |
salesforce.com, Inc.* | | | | | 9,412 | | | | | | 2,186,125 | | |
Seagate Technology PLC | | | | | 2,405 | | | | | | 115,007 | | |
ServiceNow, Inc.* | | | | | 2,054 | | | | | | 1,022,009 | | |
Splunk, Inc.*(a) | | | | | 1,714 | | | | | | 339,441 | | |
SS&C Technologies Holdings, Inc. | | | | | 2,458 | | | | | | 145,563 | | |
Synopsys, Inc.* | | | | | 1,609 | | | | | | 344,101 | | |
TE Connectivity Ltd. | | | | | 3,583 | | | | | | 347,121 | | |
Texas Instruments, Inc. | | | | | 9,926 | | | | | | 1,435,200 | | |
VeriSign, Inc.* | | | | | 1,098 | | | | | | 209,389 | | |
Visa, Inc., Class A(a) | | | | | 18,190 | | | | | | 3,305,305 | | |
VMware, Inc., Class A*(a) | | | | | 888 | | | | | | 114,312 | | |
Western Union Co. (The)(a) | | | | | 4,415 | | | | | | 85,828 | | |
Workday, Inc., Class A* | | | | | 1,870 | | | | | | 392,924 | | |
Xilinx, Inc. | | | | | 2,645 | | | | | | 313,935 | | |
Total Information Technology | | | | | | | | | | | 77,873,461 | | |
Materials — 2.7% | | ||||||||||||
Air Products and Chemicals, Inc. | | | | | 2,379 | | | | | | 657,175 | | |
Albemarle Corp. | | | | | 1,132 | | | | | | 105,514 | | |
Ball Corp. | | | | | 3,494 | | | | | | 310,966 | | |
DuPont de Nemours, Inc. | | | | | 7,966 | | | | | | 453,106 | | |
Ecolab, Inc. | | | | | 2,800 | | | | | | 514,052 | | |
International Flavors & Fragrances, Inc.(a) | | | | | 1,139 | | | | | | 116,930 | | |
International Paper Co. | | | | | 4,248 | | | | | | 185,850 | | |
Linde PLC | | | | | 5,623 | | | | | | 1,238,972 | | |
LyondellBasell Industries NV, Class A | | | | | 2,788 | | | | | | 190,839 | | |
Newmont Corp. | | | | | 8,664 | | | | | | 544,446 | | |
Nucor Corp. | | | | | 3,260 | | | | | | 155,698 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials (continued) | | ||||||||||||
Packaging Corp. of America | | | | | 991 | | | | | $ | 113,459 | | |
PPG Industries, Inc. | | | | | 2,543 | | | | | | 329,878 | | |
Sherwin-Williams Co. (The) | | | | | 907 | | | | | | 623,998 | | |
Vulcan Materials Co. | | | | | 1,428 | | | | | | 206,831 | | |
Westrock Co. | | | | | 2,786 | | | | | | 104,614 | | |
Total Materials | | | | | | | | | | | 5,852,328 | | |
Real Estate — 3.2% | | ||||||||||||
Alexandria Real Estate Equities, Inc. | | | | | 1,422 | | | | | | 215,462 | | |
American Tower Corp. | | | | | 4,817 | | | | | | 1,106,224 | | |
AvalonBay Communities, Inc. | | | | | 1,537 | | | | | | 213,843 | | |
Boston Properties, Inc. | | | | | 1,550 | | | | | | 112,236 | | |
CBRE Group, Inc., Class A* | | | | | 3,472 | | | | | | 174,989 | | |
Crown Castle International Corp. | | | | | 4,517 | | | | | | 705,555 | | |
Digital Realty Trust, Inc. | | | | | 2,877 | | | | | | 415,151 | | |
Duke Realty Corp. | | | | | 3,969 | | | | | | 150,782 | | |
Equinix, Inc. | | | | | 951 | | | | | | 695,409 | | |
Equity Residential | | | | | 3,959 | | | | | | 185,994 | | |
Essex Property Trust, Inc. | | | | | 732 | | | | | | 149,760 | | |
Extra Space Storage, Inc. | | | | | 1,381 | | | | | | 160,127 | | |
Healthpeak Properties, Inc. | | | | | 5,821 | | | | | | 156,992 | | |
Host Hotels & Resorts, Inc. | | | | | 7,554 | | | | | | 79,166 | | |
Iron Mountain, Inc. | | | | | 3,107 | | | | | | 80,968 | | |
Mid-America Apartment Communities, Inc. | | | | | 1,240 | | | | | | 144,621 | | |
Prologis, Inc. | | | | | 7,983 | | | | | | 791,914 | | |
Regency Centers Corp. | | | | | 1,838 | | | | | | 65,414 | | |
SBA Communications Corp. | | | | | 1,216 | | | | | | 353,090 | | |
Simon Property Group, Inc. | | | | | 3,298 | | | | | | 207,147 | | |
UDR, Inc. | | | | | 3,158 | | | | | | 98,656 | | |
Ventas, Inc. | | | | | 4,045 | | | | | | 159,656 | | |
Vornado Realty Trust | | | | | 1,881 | | | | | | 57,803 | | |
Welltower, Inc. | | | | | 4,531 | | | | | | 243,632 | | |
Weyerhaeuser Co. | | | | | 8,054 | | | | | | 219,794 | | |
WP Carey, Inc. | | | | | 1,900 | | | | | | 118,959 | | |
Total Real Estate | | | | | | | | | | | 7,063,344 | | |
Utilities — 1.6% | | ||||||||||||
American Water Works Co., Inc. | | | | | 1,936 | | | | | | 291,387 | | |
Atmos Energy Corp. | | | | | 1,295 | | | | | | 118,713 | | |
Avangrid, Inc. | | | | | 617 | | | | | | 30,443 | | |
CenterPoint Energy, Inc. | | | | | 5,451 | | | | | | 115,180 | | |
Consolidated Edison, Inc. | | | | | 3,616 | | | | | | 283,820 | | |
Eversource Energy | | | | | 3,726 | | | | | | 325,168 | | |
NextEra Energy, Inc. | | | | | 21,244 | | | | | | 1,555,273 | | |
Public Service Enterprise Group, Inc. | | | | | 5,481 | | | | | | 318,720 | | |
Sempra Energy | | | | | 3,160 | | | | | | 396,137 | | |
Total Utilities | | | | | | | | | | | 3,434,841 | | |
Total Common Stocks (Cost $218,304,351) | | | | | | | | | | | 220,186,995 | | |
Short-Term Investments — 0.1% | | ||||||||||||
Money Market Funds — 0.1% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 187,581 | | | | | | 187,581 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.04%(b) | | | | | 135,968 | | | | | | 135,968 | | |
|
| | | Shares | | | Value | | |||
Short-Term Investments (continued) | | |||||||||
Total Short-Term Investments (Cost $323,549) | | | | | | | $ | 323,549 | | |
Total Investments — 100.0% (Cost $218,627,900) | | | | | | | $ | 220,510,544 | | |
Other Assets and Liabilities, Net — (0.0)%(d) | | | | | | | | (20,458) | | |
Net Assets — 100.0% | | | | | | | $ | 220,490,086 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 220,186,995 | | | | | $ | — | | | | | $ | — | | | | | $ | 220,186,995 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 323,549 | | | | | | — | | | | | | — | | | | | | 323,549 | | |
Total Investments in Securities | | | | $ | 220,510,544 | | | | | $ | — | | | | | $ | — | | | | | $ | 220,510,544 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.9% | | ||||||||||||
Communication Services — 3.2% | | ||||||||||||
AMC Entertainment Holdings, Inc., Class A(a) | | | | | 66,446 | | | | | $ | 156,812 | | |
AMC Networks, Inc., Class A*(a) | | | | | 8,637 | | | | | | 183,536 | | |
Anterix, Inc.* | | | | | 4,598 | | | | | | 146,768 | | |
Clear Channel Outdoor Holdings, Inc., Class A* | | | | | 328,076 | | | | | | 293,300 | | |
Cogent Communications Holdings, Inc. | | | | | 2,562 | | | | | | 142,960 | | |
Emerald Holding, Inc. | | | | | 81,069 | | | | | | 212,401 | | |
Gannett Co., Inc.* | | | | | 141,871 | | | | | | 163,152 | | |
John Wiley & Sons, Inc., Class A | | | | | 5,601 | | | | | | 173,407 | | |
Liberty Latin America Ltd., Class C* | | | | | 21,753 | | | | | | 211,439 | | |
Loral Space & Communications, Inc. | | | | | 16,603 | | | | | | 289,058 | | |
Marcus Corp. (The) | | | | | 17,043 | | | | | | 124,925 | | |
Meredith Corp.(a) | | | | | 17,182 | | | | | | 189,002 | | |
National CineMedia, Inc. | | | | | 64,408 | | | | | | 127,850 | | |
ORBCOMM, Inc.* | | | | | 86,053 | | | | | | 370,028 | | |
QuinStreet, Inc.* | | | | | 26,083 | | | | | | 417,458 | | |
Scholastic Corp. | | | | | 8,237 | | | | | | 162,763 | | |
Sinclair Broadcast Group, Inc., Class A(a) | | | | | 13,058 | | | | | | 242,618 | | |
Telephone and Data Systems, Inc. | | | | | 12,528 | | | | | | 212,976 | | |
United States Cellular Corp.* | | | | | 7,169 | | | | | | 208,761 | | |
Yelp, Inc., Class A* | | | | | 11,646 | | | | | | 229,077 | | |
Total Communication Services | | | | | | | | | | | 4,258,291 | | |
Consumer Discretionary — 14.2% | | | | | | | | | | | | | |
1-800-Flowers.com, Inc., Class A* | | | | | 15,871 | | | | | | 314,722 | | |
Asbury Automotive Group, Inc.* | | | | | 3,802 | | | | | | 391,530 | | |
BJ’s Restaurants, Inc. | | | | | 15,117 | | | | | | 426,450 | | |
Bloomin’ Brands, Inc. | | | | | 29,407 | | | | | | 411,110 | | |
Brinker International, Inc. | | | | | 17,483 | | | | | | 761,210 | | |
Cato Corp. (The), Class A | | | | | 19,678 | | | | | | 120,429 | | |
Cavco Industries, Inc.* | | | | | 1,449 | | | | | | 249,431 | | |
Century Communities, Inc.* | | | | | 14,471 | | | | | | 562,054 | | |
Cooper Tire & Rubber Co. | | | | | 12,882 | | | | | | 443,012 | | |
Core-Mark Holding Co., Inc. | | | | | 7,349 | | | | | | 200,995 | | |
Duluth Holdings, Inc., Class B*(a) | | | | | 52,361 | | | | | | 803,218 | | |
Fossil Group, Inc.*(a) | | | | | 63,820 | | | | | | 364,412 | | |
Genesco, Inc.* | | | | | 15,740 | | | | | | 278,913 | | |
Gentherm, Inc.* | | | | | 6,687 | | | | | | 309,541 | | |
GoPro, Inc., Class A* | | | | | 80,141 | | | | | | 476,037 | | |
Graham Holdings Co., Class B | | | | | 615 | | | | | | 233,909 | | |
Green Brick Partners, Inc.* | | | | | 26,083 | | | | | | 466,625 | | |
Haverty Furniture Cos., Inc. | | | | | 17,659 | | | | | | 441,828 | | |
Houghton Mifflin Harcourt Co.* | | | | | 111,685 | | | | | | 291,498 | | |
Hyatt Hotels Corp., Class A(a) | | | | | 4,383 | | | | | | 241,679 | | |
Johnson Outdoors, Inc., Class A | | | | | 3,349 | | | | | | 292,468 | | |
K12, Inc.* | | | | | 11,133 | | | | | | 265,745 | | |
KB Home | | | | | 11,600 | | | | | | 374,100 | | |
La-Z-Boy, Inc., Class Z | | | | | 10,217 | | | | | | 349,728 | | |
LCI Industries | | | | | 3,142 | | | | | | 344,552 | | |
LGI Homes, Inc.*(a) | | | | | 4,650 | | | | | | 496,992 | | |
Lindblad Expeditions Holdings, Inc.* | | | | | 50,352 | | | | | | 418,929 | | |
Lithia Motors, Inc., Class A(a) | | | | | 2,567 | | | | | | 589,306 | | |
M/I Homes, Inc.* | | | | | 12,702 | | | | | | 519,766 | | |
MarineMax, Inc.* | | | | | 20,151 | | | | | | 604,127 | | |
MDC Holdings, Inc. | | | | | 9,050 | | | | | | 393,856 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Discretionary (continued) | | | | ||||||||||
Meritage Homes Corp.* | | | | | 5,751 | | | | | $ | 500,855 | | |
Murphy USA, Inc.* | | | | | 2,489 | | | | | | 304,380 | | |
Perdoceo Education Corp.* | | | | | 19,460 | | | | | | 219,703 | | |
Playa Hotels & Resorts NV* | | | | | 119,982 | | | | | | 464,330 | | |
Rent-A-Center, Inc., Class A | | | | | 14,849 | | | | | | 458,834 | | |
Ruth’s Hospitality Group, Inc.(a) | | | | | 31,432 | | | | | | 351,410 | | |
Sally Beauty Holdings, Inc.* | | | | | 25,986 | | | | | | 217,503 | | |
Shoe Carnival, Inc. | | | | | 10,109 | | | | | | 313,177 | | |
Sleep Number Corp.* | | | | | 10,959 | | | | | | 694,362 | | |
Smith & Wesson Brands, Inc.(a) | | | | | 32,937 | | | | | | 546,425 | | |
Standard Motor Products, Inc. | | | | | 5,051 | | | | | | 231,336 | | |
Taylor Morrison Home Corp.* | | | | | 19,088 | | | | | | 412,301 | | |
TRI Pointe Group, Inc.* | | | | | 23,942 | | | | | | 393,367 | | |
Unifi, Inc.* | | | | | 18,179 | | | | | | 272,503 | | |
Universal Electronics, Inc.* | | | | | 5,472 | | | | | | 202,792 | | |
Urban Outfitters, Inc.*(a) | | | | | 14,745 | | | | | | 329,403 | | |
Vista Outdoor, Inc.* | | | | | 23,860 | | | | | | 471,712 | | |
Total Consumer Discretionary | | | | | | | | | | | 18,822,565 | | |
Consumer Staples — 3.4% | | | | | | | | | | | | | |
B&G Foods, Inc., Class A(a) | | | | | 11,607 | | | | | | 308,282 | | |
Central Garden & Pet Co., Class A* | | | | | 8,212 | | | | | | 290,623 | | |
Coca-Cola Consolidated, Inc. | | | | | 1,007 | | | | | | 230,552 | | |
Darling Ingredients, Inc.* | | | | | 10,953 | | | | | | 470,979 | | |
Edgewell Personal Care Co.* | | | | | 8,720 | | | | | | 228,638 | | |
Fresh Del Monte Produce, Inc. | | | | | 7,605 | | | | | | 163,736 | | |
Hain Celestial Group, Inc. (The)* | | | | | 8,085 | | | | | | 248,614 | | |
Ingles Markets, Inc., Class A | | | | | 5,807 | | | | | | 208,239 | | |
Medifast, Inc. | | | | | 3,359 | | | | | | 471,906 | | |
National Beverage Corp.*(a) | | | | | 4,923 | | | | | | 385,422 | | |
SpartanNash Co. | | | | | 14,663 | | | | | | 269,946 | | |
Sprouts Farmers Market, Inc.* | | | | | 11,295 | | | | | | 215,170 | | |
Turning Point Brands, Inc. | | | | | 9,946 | | | | | | 372,676 | | |
Universal Corp. | | | | | 4,749 | | | | | | 189,247 | | |
USANA Health Sciences, Inc.* | | | | | 3,635 | | | | | | 274,988 | | |
Vector Group Ltd. | | | | | 22,290 | | | | | | 204,845 | | |
Total Consumer Staples | | | | | | | | | | | 4,533,863 | | |
Energy — 2.4% | | | | | | | | | | | | | |
Cactus, Inc., Class A | | | | | 18,101 | | | | | | 307,717 | | |
CNX Resources Corp.* | | | | | 39,468 | | | | | | 382,840 | | |
Core Laboratories NV | | | | | 20,306 | | | | | | 293,422 | | |
Liberty Oilfield Services, Inc., Class A(a) | | | | | 78,055 | | | | | | 521,407 | | |
Magnolia Oil & Gas Corp., Class A* | | | | | 52,492 | | | | | | 227,815 | | |
Patterson-UTI Energy, Inc. | | | | | 89,348 | | | | | | 228,731 | | |
PBF Energy, Inc., Class A(a) | | | | | 29,657 | | | | | | 138,498 | | |
Peabody Energy Corp.* | | | | | 72,403 | | | | | | 93,400 | | |
ProPetro Holding Corp.* | | | | | 83,987 | | | | | | 331,749 | | |
Select Energy Services, Inc., Class A* | | | | | 65,006 | | | | | | 196,318 | | |
US Silica Holdings, Inc.(a) | | | | | 116,649 | | | | | | 317,285 | | |
World Fuel Services Corp. | | | | | 8,339 | | | | | | 175,536 | | |
Total Energy | | | | | | | | | | | 3,214,718 | | |
Financials — 20.4% | | | | | | | | | | | | | |
AG Mortgage Investment Trust, Inc. | | | | | 76,631 | | | | | | 200,007 | | |
Allegiance Bancshares, Inc. | | | | | 8,709 | | | | | | 246,465 | | |
Amalgamated Bank, Class A | | | | | 19,406 | | | | | | 215,407 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | | | ||||||||||
American National Group, Inc. | | | | | 2,549 | | | | | $ | 175,371 | | |
Ameris Bancorp | | | | | 8,837 | | | | | | 258,924 | | |
ARMOUR Residential REIT, Inc. | | | | | 23,833 | | | | | | 227,367 | | |
Artisan Partners Asset Management, Inc., Class A | | | | | 9,771 | | | | | | 391,426 | | |
Atlantic Capital Bancshares, Inc.* | | | | | 17,689 | | | | | | 245,523 | | |
Axos Financial, Inc.* | | | | | 11,581 | | | | | | 315,698 | | |
B Riley Financial, Inc. | | | | | 11,420 | | | | | | 299,661 | | |
Bank of Marin Bancorp | | | | | 6,999 | | | | | | 210,950 | | |
BankUnited, Inc. | | | | | 11,228 | | | | | | 283,507 | | |
Banner Corp. | | | | | 6,355 | | | | | | 234,309 | | |
Berkshire Hills Bancorp, Inc. | | | | | 14,130 | | | | | | 184,114 | | |
BGC Partners, Inc., Class A | | | | | 83,321 | | | | | | 245,797 | | |
Blucora, Inc.* | | | | | 17,425 | | | | | | 173,379 | | |
Boston Private Financial Holdings, Inc. | | | | | 29,366 | | | | | | 181,482 | | |
Bridge Bancorp, Inc. | | | | | 9,923 | | | | | | 193,895 | | |
Brookline Bancorp, Inc. | | | | | 18,614 | | | | | | 178,322 | | |
Bryn Mawr Bank Corp. | | | | | 7,398 | | | | | | 198,710 | | |
Byline Bancorp, Inc. | | | | | 20,248 | | | | | | 266,059 | | |
Cambridge Bancorp | | | | | 4,038 | | | | | | 250,719 | | |
Camden National Corp. | | | | | 6,676 | | | | | | 213,432 | | |
Capstead Mortgage Corp. | | | | | 49,992 | | | | | | 255,459 | | |
Carter Bank & Trust | | | | | 22,872 | | | | | | 158,960 | | |
Cathay General Bancorp | | | | | 9,149 | | | | | | 215,276 | | |
CBTX, Inc. | | | | | 11,816 | | | | | | 223,322 | | |
CNO Financial Group, Inc. | | | | | 16,947 | | | | | | 300,809 | | |
Colony Credit Real Estate, Inc. | | | | | 53,291 | | | | | | 279,245 | | |
Cowen, Inc., Class A | | | | | 21,736 | | | | | | 466,455 | | |
Customers Bancorp, Inc.* | | | | | 19,210 | | | | | | 265,482 | | |
Diamond Hill Investment Group, Inc. | | | | | 2,327 | | | | | | 318,659 | | |
Dynex Capital, Inc. | | | | | 20,112 | | | | | | 329,435 | | |
Eagle Bancorp, Inc. | | | | | 6,950 | | | | | | 207,944 | | |
Ellington Financial, Inc. | | | | | 36,772 | | | | | | 450,089 | | |
Enterprise Financial Services Corp. | | | | | 7,523 | | | | | | 218,995 | | |
Equity Bancshares, Inc., Class A* | | | | | 12,172 | | | | | | 223,721 | | |
Farmers National Banc Corp. | | | | | 18,054 | | | | | | 210,329 | | |
Federal Agricultural Mortgage Corp., Class C | | | | | 3,774 | | | | | | 243,763 | | |
Federated Hermes, Inc., Class B | | | | | 11,022 | | | | | | 263,426 | | |
First Bancshares, Inc. (The) | | | | | 11,010 | | | | | | 262,478 | | |
First Commonwealth Financial Corp. | | | | | 22,972 | | | | | | 198,019 | | |
First Community Bankshares, Inc. | | | | | 9,012 | | | | | | 171,048 | | |
First Financial Corp. | | | | | 6,227 | | | | | | 216,201 | | |
First Foundation, Inc. | | | | | 20,545 | | | | | | 305,504 | | |
First Merchants Corp. | | | | | 7,926 | | | | | | 206,948 | | |
First Midwest Bancorp, Inc. | | | | | 15,865 | | | | | | 199,106 | | |
Flagstar Bancorp, Inc. | | | | | 10,588 | | | | | | 310,758 | | |
Flushing Financial Corp. | | | | | 15,716 | | | | | | 201,008 | | |
Great Southern Bancorp, Inc. | | | | | 5,197 | | | | | | 212,817 | | |
Green Dot Corp., Class A* | | | | | 8,270 | | | | | | 440,956 | | |
Greenhill & Co., Inc.(a) | | | | | 21,338 | | | | | | 275,900 | | |
Hancock Whitney Corp. | | | | | 10,757 | | | | | | 246,013 | | |
Hanmi Financial Corp. | | | | | 19,352 | | | | | | 173,974 | | |
HarborOne Bancorp, Inc. | | | | | 27,884 | | | | | | 262,110 | | |
Heartland Financial USA, Inc. | | | | | 6,953 | | | | | | 229,032 | | |
Heritage Commerce Corp. | | | | | 27,375 | | | | | | 198,469 | | |
Heritage Insurance Holdings, Inc. | | | | | 19,605 | | | | | | 185,071 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | | | ||||||||||
HomeStreet, Inc. | | | | | 9,445 | | | | | $ | 293,456 | | |
Hope Bancorp, Inc. | | | | | 25,544 | | | | | | 206,140 | | |
Houlihan Lokey, Inc. | | | | | 4,029 | | | | | | 252,618 | | |
Independent Bank Corp. | | | | | 16,315 | | | | | | 244,236 | | |
Invesco Mortgage Capital, Inc. | | | | | 61,574 | | | | | | 166,250 | | |
Investors Title Co. | | | | | 1,640 | | | | | | 218,973 | | |
Lakeland Bancorp, Inc. | | | | | 19,424 | | | | | | 216,189 | | |
Meridian Bancorp, Inc. | | | | | 18,714 | | | | | | 232,989 | | |
MFA Financial, Inc. | | | | | 135,464 | | | | | | 382,008 | | |
Midland States Bancorp, Inc. | | | | | 12,005 | | | | | | 178,874 | | |
MidWestOne Financial Group, Inc. | | | | | 10,027 | | | | | | 202,044 | | |
Mr Cooper Group, Inc.* | | | | | 28,645 | | | | | | 603,837 | | |
National Bank Holdings Corp., Class A | | | | | 8,785 | | | | | | 264,868 | | |
New York Mortgage Trust, Inc. | | | | | 135,464 | | | | | | 344,079 | | |
Nicolet Bankshares, Inc.* | | | | | 3,847 | | | | | | 237,360 | | |
NMI Holdings, Inc., Class A* | | | | | 18,085 | | | | | | 388,647 | | |
OceanFirst Financial Corp. | | | | | 13,197 | | | | | | 197,559 | | |
OFG Bancorp | | | | | 18,781 | | | | | | 270,259 | | |
Oppenheimer Holdings, Inc., Class A | | | | | 10,626 | | | | | | 266,288 | | |
Orchid Island Capital, Inc. | | | | | 71,176 | | | | | | 369,403 | | |
Pacific Premier Bancorp, Inc. | | | | | 11,145 | | | | | | 284,198 | | |
Peapack-Gladstone Financial Corp. | | | | | 11,697 | | | | | | 197,445 | | |
PennyMac Financial Services, Inc. | | | | | 9,497 | | | | | | 482,638 | | |
Peoples Bancorp, Inc. | | | | | 9,479 | | | | | | 214,225 | | |
Piper Sandler Cos. | | | | | 4,152 | | | | | | 346,484 | | |
PJT Partners, Inc., Class A | | | | | 4,839 | | | | | | 327,407 | | |
Preferred Bank | | | | | 6,208 | | | | | | 210,017 | | |
Provident Financial Services, Inc. | | | | | 16,327 | | | | | | 221,557 | | |
QCR Holdings, Inc. | | | | | 7,756 | | | | | | 240,669 | | |
S&T Bancorp, Inc. | | | | | 7,686 | | | | | | 152,106 | | |
Sandy Spring Bancorp, Inc. | | | | | 9,274 | | | | | | 235,096 | | |
Sculptor Capital Management, Inc., Class A | | | | | 15,507 | | | | | | 168,096 | | |
ServisFirst Bancshares, Inc. | | | | | 7,161 | | | | | | 264,241 | | |
Sierra Bancorp | | | | | 11,944 | | | | | | 236,969 | | |
Simmons First National Corp., Class A | | | | | 11,411 | | | | | | 193,873 | | |
Southern National Bancorp of Virginia, Inc. | | | | | 21,338 | | | | | | 206,125 | | |
StoneX Group, Inc.* | | | | | 5,791 | | | | | | 306,807 | | |
TCF Financial Corp. | | | | | 9,266 | | | | | | 252,128 | | |
Third Point Reinsurance Ltd.* | | | | | 28,336 | | | | | | 220,454 | | |
United Community Banks, Inc. | | | | | 11,467 | | | | | | 240,119 | | |
United Insurance Holdings Corp. | | | | | 22,724 | | | | | | 99,758 | | |
Universal Insurance Holdings, Inc. | | | | | 11,717 | | | | | | 146,111 | | |
Univest Financial Corp. | | | | | 12,866 | | | | | | 204,055 | | |
Virtu Financial, Inc., Class A | | | | | 10,085 | | | | | | 215,617 | | |
Virtus Investment Partners, Inc. | | | | | 2,759 | | | | | | 440,198 | | |
Walker & Dunlop, Inc. | | | | | 5,214 | | | | | | 327,856 | | |
Waterstone Financial, Inc. | | | | | 14,441 | | | | | | 243,764 | | |
WesBanco, Inc. | | | | | 8,859 | | | | | | 215,185 | | |
WSFS Financial Corp. | | | | | 8,426 | | | | | | 267,020 | | |
Total Financials | | | | | | | | | | | 27,013,600 | | |
Health Care — 15.7% | | | | | | | | | | | | | |
Aerie Pharmaceuticals, Inc.*(a) | | | | | 15,553 | | | | | | 165,017 | | |
Amicus Therapeutics, Inc.* | | | | | 22,724 | | | | | | 405,169 | | |
AMN Healthcare Services, Inc.* | | | | | 3,632 | | | | | | 237,097 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | | | ||||||||||
AngioDynamics, Inc.* | | | | | 20,131 | | | | | $ | 208,155 | | |
Anika Therapeutics, Inc.* | | | | | 7,263 | | | | | | 236,919 | | |
Antares Pharma, Inc.* | | | | | 88,970 | | | | | | 242,888 | | |
Arcus Biosciences, Inc.* | | | | | 15,127 | | | | | | 329,769 | | |
Arrowhead Pharmaceuticals, Inc.*(a) | | | | | 7,298 | | | | | | 418,175 | | |
Arvinas, Inc.* | | | | | 5,210 | | | | | | 108,941 | | |
Athenex, Inc.*(a) | | | | | 27,128 | | | | | | 309,259 | | |
AtriCure, Inc.* | | | | | 6,251 | | | | | | 216,035 | | |
Axogen, Inc.* | | | | | 20,189 | | | | | | 254,583 | | |
Axonics Modulation Technologies, Inc.*(a) | | | | | 8,263 | | | | | | 387,452 | | |
BioSpecifics Technologies Corp.* | | | | | 3,712 | | | | | | 327,027 | | |
CareDx, Inc.* | | | | | 9,618 | | | | | | 471,763 | | |
Catalyst Pharmaceuticals, Inc.* | | | | | 54,537 | | | | | | 161,975 | | |
Clovis Oncology, Inc.*(a) | | | | | 33,014 | | | | | | 162,759 | | |
Codexis, Inc.* | | | | | 18,814 | | | | | | 250,414 | | |
Collegium Pharmaceutical, Inc.*(a) | | | | | 12,858 | | | | | | 229,258 | | |
Computer Programs and Systems, Inc. | | | | | 9,437 | | | | | | 263,198 | | |
Corcept Therapeutics, Inc.*(a) | | | | | 17,659 | | | | | | 296,318 | | |
Emergent BioSolutions, Inc.* | | | | | 3,629 | | | | | | 326,501 | | |
Enanta Pharmaceuticals, Inc.* | | | | | 4,083 | | | | | | 178,141 | | |
Ensign Group, Inc. (The) | | | | | 5,583 | | | | | | 328,504 | | |
Fluidigm Corp.*(a) | | | | | 82,665 | | | | | | 474,497 | | |
G1 Therapeutics, Inc.*(a) | | | | | 19,053 | | | | | | 209,393 | | |
GenMark Diagnostics, Inc.* | | | | | 50,963 | | | | | | 622,768 | | |
HealthStream, Inc.* | | | | | 8,767 | | | | | | 160,436 | | |
HMS Holdings Corp.* | | | | | 8,309 | | | | | | 221,186 | | |
Innoviva, Inc.* | | | | | 17,854 | | | | | | 193,002 | | |
Integer Holdings Corp.* | | | | | 3,340 | | | | | | 195,223 | | |
Intersect ENT, Inc.* | | | | | 17,719 | | | | | | 274,645 | | |
Iovance Biotherapeutics, Inc.*(a) | | | | | 7,014 | | | | | | 250,260 | | |
Krystal Biotech, Inc.*(a) | | | | | 4,856 | | | | | | 208,760 | | |
Ligand Pharmaceuticals, Inc.*(a) | | | | | 2,887 | | | | | | 238,033 | | |
Luminex Corp. | | | | | 7,627 | | | | | | 168,099 | | |
Magellan Health, Inc.* | | | | | 4,364 | | | | | | 315,386 | | |
Medpace Holdings, Inc.* | | | | | 2,861 | | | | | | 317,399 | | |
Meridian Bioscience, Inc.* | | | | | 24,996 | | | | | | 428,681 | | |
Myriad Genetics, Inc.*(a) | | | | | 14,673 | | | | | | 182,385 | | |
NanoString Technologies, Inc.* | | | | | 8,730 | | | | | | 319,955 | | |
National HealthCare Corp. | | | | | 2,927 | | | | | | 185,279 | | |
Natus Medical, Inc.* | | | | | 9,078 | | | | | | 165,310 | | |
Nevro Corp.* | | | | | 2,100 | | | | | | 313,341 | | |
NextGen Healthcare, Inc.* | | | | | 20,112 | | | | | | 273,523 | | |
NuVasive, Inc.* | | | | | 4,145 | | | | | | 184,162 | | |
Omnicell, Inc.* | | | | | 3,202 | | | | | | 277,133 | | |
OPKO Health, Inc.*(a) | | | | | 156,693 | | | | | | 551,559 | | |
OraSure Technologies, Inc.* | | | | | 19,514 | | | | | | 291,539 | | |
Patterson Cos., Inc. | | | | | 13,732 | | | | | | 341,584 | | |
Premier, Inc., Class A | | | | | 6,417 | | | | | | 210,029 | | |
Prestige Consumer Healthcare, Inc.* | | | | | 5,724 | | | | | | 189,064 | | |
Provention Bio, Inc.* | | | | | 22,823 | | | | | | 270,681 | | |
Providence Service Corp. (The)* | | | | | 3,826 | | | | | | 449,746 | | |
Quidel Corp.*(a) | | | | | 2,147 | | | | | | 576,019 | | |
R1 RCM, Inc.* | | | | | 23,099 | | | | | | 413,934 | | |
Radius Health, Inc.* | | | | | 16,151 | | | | | | 216,585 | | |
Select Medical Holdings Corp.* | | | | | 13,998 | | | | | | 293,678 | | |
SI-BONE, Inc.* | | | | | 17,571 | | | | | | 368,464 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | | | ||||||||||
SIGA Technologies, Inc.* | | | | | 43,926 | | | | | $ | 280,687 | | |
Surmodics, Inc.* | | | | | 6,302 | | | | | | 231,599 | | |
TCR2 Therapeutics, Inc.*(a) | | | | | 27,128 | | | | | | 533,608 | | |
TG Therapeutics, Inc.* | | | | | 21,338 | | | | | | 539,211 | | |
Triple-S Management Corp., Class B* | | | | | 14,891 | | | | | | 275,781 | | |
Twist Bioscience Corp.* | | | | | 6,866 | | | | | | 526,210 | | |
United Therapeutics Corp.* | | | | | 2,214 | | | | | | 297,185 | | |
Utah Medical Products, Inc. | | | | | 2,233 | | | | | | 185,339 | | |
Vanda Pharmaceuticals, Inc.* | | | | | 20,267 | | | | | | 216,654 | | |
Vocera Communications, Inc.* | | | | | 9,886 | | | | | | 324,063 | | |
Y-mAbs Therapeutics, Inc.* | | | | | 8,045 | | | | | | 343,843 | | |
Zogenix, Inc.* | | | | | 8,490 | | | | | | 181,007 | | |
Total Health Care | | | | | | | | | | | 20,802,242 | | |
Industrials — 17.1% | | | | | | | | | | | | | |
ABM Industries, Inc. | | | | | 8,619 | | | | | | 299,252 | | |
Alamo Group, Inc. | | | | | 2,365 | | | | | | 284,580 | | |
Allied Motion Technologies, Inc. | | | | | 8,859 | | | | | | 334,693 | | |
Applied Industrial Technologies, Inc. | | | | | 4,592 | | | | | | 280,342 | | |
Arcosa, Inc. | | | | | 5,284 | | | | | | 243,962 | | |
ASGN, Inc.* | | | | | 5,945 | | | | | | 396,413 | | |
Atkore International Group, Inc.* | | | | | 9,965 | | | | | | 206,176 | | |
AZZ, Inc. | | | | | 7,467 | | | | | | 250,817 | | |
Barnes Group, Inc. | | | | | 5,020 | | | | | | 184,234 | | |
Barrett Business Services, Inc. | | | | | 5,297 | | | | | | 313,847 | | |
Beacon Roofing Supply, Inc.* | | | | | 12,695 | | | | | | 389,737 | | |
Blue Bird Corp.* | | | | | 19,210 | | | | | | 221,683 | | |
BMC Stock Holdings, Inc.* | | | | | 11,843 | | | | | | 468,864 | | |
BrightView Holdings, Inc.* | | | | | 18,984 | | | | | | 232,174 | | |
CAI International, Inc. | | | | | 14,849 | | | | | | 391,271 | | |
CBIZ, Inc.* | | | | | 10,037 | | | | | | 227,539 | | |
Cimpress PLC* | | | | | 3,947 | | | | | | 289,710 | | |
Comfort Systems USA, Inc. | | | | | 5,745 | | | | | | 263,121 | | |
CRA International, Inc. | | | | | 6,285 | | | | | | 257,371 | | |
CSW Industrials, Inc. | | | | | 3,238 | | | | | | 276,946 | | |
Douglas Dynamics, Inc. | | | | | 5,913 | | | | | | 201,692 | | |
Ducommun, Inc.* | | | | | 8,449 | | | | | | 277,972 | | |
Encore Wire Corp. | | | | | 5,000 | | | | | | 231,050 | | |
EnerSys | | | | | 4,240 | | | | | | 303,584 | | |
Ennis, Inc. | | | | | 11,180 | | | | | | 170,383 | | |
ESCO Technologies, Inc. | | | | | 2,766 | | | | | | 231,487 | | |
Evoqua Water Technologies Corp.* | | | | | 18,730 | | | | | | 429,479 | | |
Federal Signal Corp. | | | | | 7,697 | | | | | | 220,750 | | |
Forward Air Corp. | | | | | 4,145 | | | | | | 261,011 | | |
Foundation Building Materials, Inc.* | | | | | 20,405 | | | | | | 297,097 | | |
Franklin Electric Co., Inc. | | | | | 4,455 | | | | | | 266,097 | | |
GATX Corp. | | | | | 3,356 | | | | | | 229,148 | | |
Gorman-Rupp Co. (The) | | | | | 6,728 | | | | | | 208,904 | | |
Great Lakes Dredge & Dock Corp.* | | | | | 25,297 | | | | | | 261,318 | | |
Healthcare Services Group, Inc. | | | | | 8,782 | | | | | | 200,932 | | |
Heartland Express, Inc. | | | | | 11,307 | | | | | | 207,031 | | |
Heidrick & Struggles International, Inc. | | | | | 9,332 | | | | | | 213,236 | | |
Heritage-Crystal Clean, Inc.* | | | | | 12,929 | | | | | | 213,070 | | |
Herman Miller, Inc. | | | | | 9,458 | | | | | | 288,185 | | |
Hillenbrand, Inc. | | | | | 10,987 | | | | | | 321,370 | | |
HNI Corp. | | | | | 8,335 | | | | | | 271,304 | | |
Hub Group, Inc., Class A* | | | | | 4,618 | | | | | | 231,500 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | | | ||||||||||
Huron Consulting Group, Inc.* | | | | | 4,629 | | | | | $ | 175,254 | | |
Hyster-Yale Materials Handling, Inc. | | | | | 5,237 | | | | | | 222,049 | | |
KAR Auction Services, Inc. | | | | | 17,497 | | | | | | 254,756 | | |
Kelly Services, Inc., Class A | | | | | 16,546 | | | | | | 287,570 | | |
Kforce, Inc. | | | | | 8,212 | | | | | | 284,956 | | |
Kimball International, Inc., Class B | | | | | 17,630 | | | | | | 181,589 | | |
Knoll, Inc. | | | | | 20,346 | | | | | | 233,165 | | |
Korn Ferry | | | | | 8,634 | | | | | | 260,660 | | |
Macquarie Infrastructure Corp. | | | | | 8,316 | | | | | | 214,553 | | |
Marten Transport Ltd. | | | | | 15,349 | | | | | | 235,530 | | |
Matson, Inc. | | | | | 6,857 | | | | | | 356,221 | | |
McGrath RentCorp | | | | | 4,009 | | | | | | 228,834 | | |
Miller Industries, Inc. | | | | | 7,425 | | | | | | 222,305 | | |
Mistras Group, Inc.* | | | | | 49,288 | | | | | | 183,351 | | |
Mueller Industries, Inc. | | | | | 8,771 | | | | | | 253,745 | | |
Mueller Water Products, Inc., Class A | | | | | 26,213 | | | | | | 271,567 | | |
MYR Group, Inc.* | | | | | 8,017 | | | | | | 342,727 | | |
PGT Innovations, Inc.* | | | | | 25,026 | | | | | | 414,931 | | |
Powell Industries, Inc. | | | | | 8,180 | | | | | | 193,293 | | |
Primoris Services Corp. | | | | | 13,206 | | | | | | 249,197 | | |
Quanex Building Products Corp. | | | | | 20,830 | | | | | | 379,106 | | |
Regal Beloit Corp. | | | | | 3,335 | | | | | | 328,998 | | |
Resources Connection, Inc. | | | | | 19,140 | | | | | | 205,564 | | |
Rush Enterprises, Inc., Class A | | | | | 9,856 | | | | | | 353,239 | | |
Saia, Inc.* | | | | | 2,855 | | | | | | 421,569 | | |
Simpson Manufacturing Co., Inc. | | | | | 3,388 | | | | | | 300,583 | | |
SP Plus Corp.* | | | | | 10,119 | | | | | | 186,493 | | |
Spirit Airlines, Inc.*(a) | | | | | 16,289 | | | | | | 286,198 | | |
SPX Corp.* | | | | | 6,433 | | | | | | 272,695 | | |
Standex International Corp. | | | | | 4,283 | | | | | | 265,932 | | |
Steelcase, Inc., Class A | | | | | 21,273 | | | | | | 222,090 | | |
Sterling Construction Co., Inc.* | | | | | 22,102 | | | | | | 324,899 | | |
Systemax, Inc. | | | | | 11,843 | | | | | | 336,697 | | |
Tennant Co. | | | | | 3,623 | | | | | | 216,003 | | |
Thermon Group Holdings, Inc.* | | | | | 13,933 | | | | | | 140,584 | | |
Timken Co. (The) | | | | | 6,493 | | | | | | 387,632 | | |
TriMas Corp.* | | | | | 9,090 | | | | | | 221,160 | | |
Triton International Ltd. | | | | | 8,116 | | | | | | 299,318 | | |
UniFirst Corp. | | | | | 1,390 | | | | | | 227,696 | | |
Watts Water Technologies, Inc., Class A | | | | | 2,480 | | | | | | 274,710 | | |
Werner Enterprises, Inc. | | | | | 5,791 | | | | | | 220,174 | | |
WESCO International, Inc.* | | | | | 9,189 | | | | | | 378,954 | | |
Total Industrials | | | | | | | | | | | 22,665,879 | | |
Information Technology — 12.8% | | | | | | | | | | | | | |
2U, Inc.*(a) | | | | | 9,895 | | | | | | 364,631 | | |
A10 Networks, Inc.* | | | | | 33,811 | | | | | | 227,886 | | |
Agilysys, Inc.* | | | | | 12,573 | | | | | | 340,477 | | |
Alarm.com Holdings, Inc.* | | | | | 5,396 | | | | | | 314,749 | | |
American Software, Inc., Class A | | | | | 14,776 | | | | | | 216,912 | | |
Arlo Technologies, Inc.* | | | | | 86,407 | | | | | | 385,375 | | |
Axcelis Technologies, Inc.* | | | | | 11,467 | | | | | | 253,077 | | |
Benchmark Electronics, Inc. | | | | | 10,504 | | | | | | 218,798 | | |
Benefitfocus, Inc.* | | | | | 23,565 | | | | | | 242,013 | | |
Box, Inc., Class A* | | | | | 14,955 | | | | | | 231,802 | | |
Calix, Inc.* | | | | | 29,657 | | | | | | 694,270 | | |
Casa Systems, Inc.* | | | | | 59,991 | | | | | | 250,162 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | | | ||||||||||
Cass Information Systems, Inc. | | | | | 5,972 | | | | | $ | 234,222 | | |
Cirrus Logic, Inc.* | | | | | 3,199 | | | | | | 220,315 | | |
CMC Materials, Inc. | | | | | 1,840 | | | | | | 261,630 | | |
CommVault Systems, Inc.* | | | | | 5,187 | | | | | | 205,353 | | |
Cornerstone OnDemand, Inc.* | | | | | 6,613 | | | | | | 251,228 | | |
CSG Systems International, Inc. | | | | | 5,017 | | | | | | 190,044 | | |
CTS Corp. | | | | | 8,436 | | | | | | 233,171 | | |
Diodes, Inc.* | | | | | 5,167 | | | | | | 298,808 | | |
Domo, Inc., Class B* | | | | | 21,124 | | | | | | 671,109 | | |
DSP Group, Inc.* | | | | | 15,669 | | | | | | 206,361 | | |
EchoStar Corp., Class A* | | | | | 6,568 | | | | | | 152,115 | | |
ePlus, Inc.* | | | | | 3,353 | | | | | | 226,361 | | |
Evo Payments, Inc., Class A* | | | | | 13,723 | | | | | | 289,144 | | |
ExlService Holdings, Inc.* | | | | | 4,036 | | | | | | 305,687 | | |
Fabrinet* | | | | | 3,848 | | | | | | 230,957 | | |
FireEye, Inc.*(a) | | | | | 19,846 | | | | | | 274,669 | | |
FormFactor, Inc.* | | | | | 10,451 | | | | | | 296,286 | | |
Hackett Group, Inc. (The) | | | | | 16,507 | | | | | | 213,270 | | |
Harmonic, Inc.*(a) | | | | | 36,453 | | | | | | 216,531 | | |
Insight Enterprises, Inc.* | | | | | 4,984 | | | | | | 265,896 | | |
Itron, Inc.* | | | | | 3,761 | | | | | | 255,560 | | |
MagnaChip Semiconductor Corp.*(a) | | | | | 19,002 | | | | | | 260,137 | | |
ManTech International Corp., Class A | | | | | 2,889 | | | | | | 187,438 | | |
MaxLinear, Inc., Class A* | | | | | 17,992 | | | | | | 475,708 | | |
Methode Electronics, Inc. | | | | | 7,944 | | | | | | 244,437 | | |
MicroStrategy, Inc., Class A* | | | | | 1,778 | | | | | | 297,050 | | |
Mitek Systems, Inc.* | | | | | 26,646 | | | | | | 331,743 | | |
Model N, Inc.* | | | | | 9,454 | | | | | | 333,064 | | |
NETGEAR, Inc.* | | | | | 9,193 | | | | | | 283,328 | | |
NetScout Systems, Inc.* | | | | | 8,871 | | | | | | 182,033 | | |
NVE Corp. | | | | | 4,036 | | | | | | 186,181 | | |
Onto Innovation, Inc.* | | | | | 7,077 | | | | | | 226,959 | | |
PC Connection, Inc. | | | | | 5,095 | | | | | | 232,077 | | |
Perficient, Inc.* | | | | | 7,751 | | | | | | 303,529 | | |
Photronics, Inc.* | | | | | 20,465 | | | | | | 199,534 | | |
Power Integrations, Inc. | | | | | 4,754 | | | | | | 286,238 | | |
Progress Software Corp. | | | | | 6,562 | | | | | | 238,660 | | |
Qualys, Inc.* | | | | | 2,414 | | | | | | 212,070 | | |
Rambus, Inc.* | | | | | 18,916 | | | | | | 260,852 | | |
Sanmina Corp.* | | | | | 7,697 | | | | | | 188,115 | | |
ScanSource, Inc.* | | | | | 9,816 | | | | | | 197,302 | | |
SPS Commerce, Inc.* | | | | | 4,514 | | | | | | 386,353 | | |
Sykes Enterprises, Inc.* | | | | | 7,742 | | | | | | 265,086 | | |
Telenav, Inc.* | | | | | 48,604 | | | | | | 197,818 | | |
TTEC Holdings, Inc. | | | | | 5,718 | | | | | | 313,232 | | |
Varonis Systems, Inc.* | | | | | 3,298 | | | | | | 381,150 | | |
Virtusa Corp.* | | | | | 7,393 | | | | | | 371,868 | | |
Vishay Intertechnology, Inc. | | | | | 14,571 | | | | | | 236,342 | | |
Vishay Precision Group, Inc.* | | | | | 10,457 | | | | | | 249,818 | | |
Xperi Holding Corp. | | | | | 15,095 | | | | | | 187,178 | | |
Total Information Technology | | | | | | | | | | | 16,954,169 | | |
Materials — 4.0% | | | | | | | | | | | | | |
Cabot Corp. | | | | | 8,039 | | | | | | 305,562 | | |
Compass Minerals International, Inc. | | | | | 5,458 | | | | | | 329,554 | | |
Greif, Inc., Class A | | | | | 6,754 | | | | | | 274,145 | | |
Hawkins, Inc. | | | | | 5,898 | | | | | | 275,496 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials (continued) | | | | ||||||||||
Haynes International, Inc. | | | | | 10,188 | | | | | $ | 165,147 | | |
Innospec, Inc. | | | | | 3,022 | | | | | | 199,875 | | |
Kaiser Aluminum Corp. | | | | | 3,031 | | | | | | 190,741 | | |
Koppers Holdings, Inc.* | | | | | 16,974 | | | | | | 380,727 | | |
Materion Corp. | | | | | 5,997 | | | | | | 306,986 | | |
Myers Industries, Inc. | | | | | 19,532 | | | | | | 280,089 | | |
PQ Group Holdings, Inc.* | | | | | 19,263 | | | | | | 222,680 | | |
Schnitzer Steel Industries, Inc., Class A | | | | | 16,102 | | | | | | 338,142 | | |
Schweitzer-Mauduit International, Inc. | | | | | 7,547 | | | | | | 250,560 | | |
Stepan Co. | | | | | 2,374 | | | | | | 276,429 | | |
Tredegar Corp. | | | | | 13,434 | | | | | | 195,868 | | |
UFP Technologies, Inc.* | | | | | 5,512 | | | | | | 204,275 | | |
US Concrete, Inc.* | | | | | 11,575 | | | | | | 393,087 | | |
Warrior Met Coal, Inc. | | | | | 19,771 | | | | | | 296,565 | | |
Worthington Industries, Inc. | | | | | 7,999 | | | | | | 393,631 | | |
Total Materials | | | | | | | | | | | 5,279,559 | | |
Real Estate — 5.7% | | | | | | | | | | | | | |
Alexander & Baldwin, Inc. | | | | | 18,714 | | | | | | 240,475 | | |
Altisource Portfolio Solutions SA* | | | | | 27,375 | | | | | | 304,684 | | |
American Finance Trust, Inc. | | | | | 33,595 | | | | | | 193,675 | | |
Apple Hospitality REIT, Inc. | | | | | 22,897 | | | | | | 226,680 | | |
Chatham Lodging Trust | | | | | 35,348 | | | | | | 259,808 | | |
Columbia Property Trust, Inc. | | | | | 16,797 | | | | | | 177,712 | | |
CoreCivic, Inc. | | | | | 18,798 | | | | | | 120,495 | | |
CorePoint Lodging, Inc. | | | | | 53,563 | | | | | | 256,031 | | |
Corporate Office Properties Trust | | | | | 9,488 | | | | | | 212,816 | | |
CTO Realty Growth, Inc. | | | | | 4,632 | | | | | | 204,410 | | |
DiamondRock Hospitality Co. | | | | | 41,332 | | | | | | 204,180 | | |
Empire State Realty Trust, Inc., Class A | | | | | 23,434 | | | | | | 126,075 | | |
Four Corners Property Trust, Inc. | | | | | 11,222 | | | | | | 284,366 | | |
Franklin Street Properties Corp. | | | | | 36,644 | | | | | | 153,905 | | |
GEO Group, Inc. (The) | | | | | 17,267 | | | | | | 152,986 | | |
Hersha Hospitality Trust | | | | | 58,650 | | | | | | 287,385 | | |
Investors Real Estate Trust | | | | | 3,818 | | | | | | 257,371 | | |
Kennedy-Wilson Holdings, Inc. | | | | | 15,646 | | | | | | 206,214 | | |
Mack-Cali Realty Corp. | | | | | 13,787 | | | | | | 151,519 | | |
Marcus & Millichap, Inc.* | | | | | 7,748 | | | | | | 241,970 | | |
New Senior Investment Group, Inc. | | | | | 82,019 | | | | | | 320,694 | | |
Newmark Group, Inc., Class A | | | | | 49,404 | | | | | | 233,928 | | |
Office Properties Income Trust | | | | | 7,705 | | | | | | 141,849 | | |
Paramount Group, Inc. | | | | | 23,860 | | | | | | 137,911 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 11,889 | | | | | | 135,772 | | |
PotlatchDeltic Corp. | | | | | 6,689 | | | | | | 277,928 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 29,244 | | | | | | 157,918 | | |
Retail Value, Inc. | | | | | 17,140 | | | | | | 214,250 | | |
RLJ Lodging Trust | | | | | 27,198 | | | | | | 222,480 | | |
RMR Group, Inc. (The), Class A | | | | | 7,785 | | | | | | 207,548 | | |
Safehold, Inc. | | | | | 3,321 | | | | | | 228,551 | | |
Saul Centers, Inc. | | | | | 6,413 | | | | | | 158,722 | | |
Sunstone Hotel Investors, Inc. | | | | | 24,107 | | | | | | 178,874 | | |
Tejon Ranch Co.* | | | | | 14,934 | | | | | | 204,745 | | |
Weingarten Realty Investors | | | | | 14,551 | | | | | | 230,779 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Real Estate (continued) | | | | ||||||||||
Whitestone REIT | | | | | 33,866 | | | | | $ | 201,841 | | |
Total Real Estate | | | | | | | | | | | 7,516,547 | | |
Utilities — 1.0% | | | | | | | | | | | | | |
Avista Corp. | | | | | 4,942 | | | | | | 164,173 | | |
NorthWestern Corp. | | | | | 3,509 | | | | | | 182,924 | | |
Ormat Technologies, Inc.(a) | | | | | 3,103 | | | | | | 219,910 | | |
Otter Tail Corp. | | | | | 4,723 | | | | | | 181,127 | | |
SJW Group | | | | | 3,635 | | | | | | 220,608 | | |
South Jersey Industries, Inc.(a) | | | | | 8,399 | | | | | | 161,849 | | |
Unitil Corp. | | | | | 4,013 | | | | | | 138,649 | | |
Total Utilities | | | | | | | | | | | 1,269,240 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $117,906,688) | | | | | | | | | | | 132,330,673 | | |
Short-Term Investments — 2.4% | | | | | | | | | | | | | |
Money Market Funds — 2.4% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.02%(b)(c) | | | | | 3,083,247 | | | | | | 3,083,247 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) | | | | | 144,562 | | | | | | 144,562 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $3,227,809) | | | | | | | | | | | 3,227,809 | | |
Total Investments — 102.3% | | | | | | | | | | | | | |
(Cost $121,134,497) | | | | | | | | | | | 135,558,482 | | |
Other Assets and Liabilities, Net — (2.3)% | | | | | | | | | | | (3,045,583) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 132,512,899 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 132,330,673 | | | | | $ | — | | | | | $ | — | | | | | $ | 132,330,673 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 3,227,809 | | | | | | — | | | | | | — | | | | | | 3,227,809 | | |
Total Investments in Securities | | | | $ | 135,558,482 | | | | | $ | — | | | | | $ | — | | | | | $ | 135,558,482 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.8% | | ||||||||||||
Communication Services — 11.7% | | ||||||||||||
Activision Blizzard, Inc. | | | | | 32,005 | | | | | $ | 2,423,739 | | |
Alphabet, Inc., Class A* | | | | | 1,639 | | | | | | 2,648,804 | | |
AT&T, Inc. | | | | | 65,305 | | | | | | 1,764,541 | | |
Comcast Corp., Class A | | | | | 55,371 | | | | | | 2,338,871 | | |
Facebook, Inc., Class A* | | | | | 11,413 | | | | | | 3,002,874 | | |
Snap, Inc., Class A* | | | | | 160,104 | | | | | | 6,306,497 | | |
T-Mobile US, Inc.* | | | | | 22,689 | | | | | | 2,486,034 | | |
Twitter, Inc.* | | | | | 77,511 | | | | | | 3,205,855 | | |
Verizon Communications, Inc. | | | | | 35,429 | | | | | | 2,019,099 | | |
Walt Disney Co. (The) | | | | | 19,706 | | | | | | 2,389,352 | | |
Total Communication Services | | | | | | | | | | | 28,585,666 | | |
Consumer Discretionary — 11.2% | | ||||||||||||
AutoZone, Inc.* | | | | | 2,251 | | | | | | 2,541,334 | | |
Dollar General Corp. | | | | | 12,606 | | | | | | 2,630,998 | | |
Home Depot, Inc. (The) | | | | | 10,195 | | | | | | 2,719,108 | | |
Las Vegas Sands Corp. | | | | | 44,823 | | | | | | 2,154,193 | | |
NIKE, Inc., Class B | | | | | 23,008 | | | | | | 2,762,801 | | |
Ross Stores, Inc. | | | | | 21,888 | | | | | | 1,864,201 | | |
Starbucks Corp. | | | | | 28,957 | | | | | | 2,518,101 | | |
Target Corp. | | | | | 20,476 | | | | | | 3,116,857 | | |
Tesla, Inc.*(a) | | | | | 18,165 | | | | | | 7,048,747 | | |
Total Consumer Discretionary | | | | | | | | | | | 27,356,340 | | |
Consumer Staples — 5.1% | | ||||||||||||
Archer-Daniels-Midland Co. | | | | | 54,111 | | | | | | 2,502,093 | | |
Costco Wholesale Corp. | | | | | 6,676 | | | | | | 2,387,471 | | |
General Mills, Inc. | | | | | 36,074 | | | | | | 2,132,695 | | |
Hormel Foods Corp. | | | | | 40,815 | | | | | | 1,987,282 | | |
Tyson Foods, Inc., Class A | | | | | 32,895 | | | | | | 1,882,581 | | |
Walgreens Boots Alliance, Inc. | | | | | 41,609 | | | | | | 1,416,370 | | |
Total Consumer Staples | | | | | | | | | | | 12,308,492 | | |
Energy — 2.0% | | ||||||||||||
Exxon Mobil Corp. | | | | | 50,136 | | | | | | 1,635,436 | | |
Phillips 66 | | | | | 35,482 | | | | | | 1,655,590 | | |
Valero Energy Corp. | | | | | 41,968 | | | | | | 1,620,385 | | |
Total Energy | | | | | | | | | | | 4,911,411 | | |
Financials — 13.7% | | ||||||||||||
Allstate Corp. (The) | | | | | 20,753 | | | | | | 1,841,829 | | |
American Express Co. | | | | | 22,236 | | | | | | 2,028,813 | | |
Bank of New York Mellon Corp. (The) | | | | | 56,521 | | | | | | 1,942,062 | | |
Hartford Financial Services Group, Inc. (The) | | | | | 54,019 | | | | | | 2,080,812 | | |
Intercontinental Exchange, Inc. | | | | | 23,574 | | | | | | 2,225,386 | | |
JPMorgan Chase & Co. | | | | | 21,145 | | | | | | 2,073,056 | | |
M&T Bank Corp. | | | | | 18,405 | | | | | | 1,906,390 | | |
MetLife, Inc. | | | | | 62,271 | | | | | | 2,356,957 | | |
Northern Trust Corp. | | | | | 25,227 | | | | | | 1,974,517 | | |
Progressive Corp. (The) | | | | | 25,780 | | | | | | 2,369,182 | | |
S&P Global, Inc. | | | | | 7,769 | | | | | | 2,507,289 | | |
Synchrony Financial | | | | | 118,312 | | | | | | 2,960,166 | | |
T Rowe Price Group, Inc. | | | | | 19,494 | | | | | | 2,469,110 | | |
Truist Financial Corp. | | | | | 61,726 | | | | | | 2,599,899 | | |
US Bancorp | | | | | 55,258 | | | | | | 2,152,299 | | |
Total Financials | | | | | | | | | | | 33,487,767 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care — 14.1% | | ||||||||||||
AbbVie, Inc. | | | | | 24,985 | | | | | $ | 2,126,224 | | |
Amgen, Inc. | | | | | 9,390 | | | | | | 2,037,067 | | |
Anthem, Inc. | | | | | 8,384 | | | | | | 2,287,155 | | |
Becton Dickinson and Co. | | | | | 8,285 | | | | | | 1,914,912 | | |
Bristol-Myers Squibb Co. | | | | | 34,152 | | | | | | 1,996,184 | | |
Cigna Corp. | | | | | 10,744 | | | | | | 1,793,926 | | |
CVS Health Corp. | | | | | 32,086 | | | | | | 1,799,704 | | |
Gilead Sciences, Inc. | | | | | 25,463 | | | | | | 1,480,673 | | |
HCA Healthcare, Inc. | | | | | 21,186 | | | | | | 2,625,793 | | |
Humana, Inc. | | | | | 6,062 | | | | | | 2,420,435 | | |
Johnson & Johnson | | | | | 14,517 | | | | | | 1,990,426 | | |
Medtronic PLC | | | | | 21,109 | | | | | | 2,122,932 | | |
Merck & Co., Inc. | | | | | 24,741 | | | | | | 1,860,771 | | |
Thermo Fisher Scientific, Inc. | | | | | 6,712 | | | | | | 3,175,581 | | |
UnitedHealth Group, Inc. | | | | | 7,633 | | | | | | 2,329,134 | | |
Zimmer Biomet Holdings, Inc. | | | | | 18,832 | | | | | | 2,487,707 | | |
Total Health Care | | | | | | | | | | | 34,448,624 | | |
Industrials — 8.6% | | ||||||||||||
Cintas Corp. | | | | | 10,989 | | | | | | 3,456,590 | | |
Cummins, Inc. | | | | | 14,068 | | | | | | 3,093,413 | | |
Delta Air Lines, Inc. | | | | | 66,723 | | | | | | 2,044,393 | | |
Emerson Electric Co. | | | | | 39,950 | | | | | | 2,588,360 | | |
Johnson Controls International PLC | | | | | 70,610 | | | | | | 2,980,448 | | |
Northrop Grumman Corp. | | | | | 6,292 | | | | | | 1,823,547 | | |
TransDigm Group, Inc. | | | | | 5,945 | | | | | | 2,838,202 | | |
United Airlines Holdings, Inc.* | | | | | 60,338 | | | | | | 2,043,045 | | |
Total Industrials | | | | | | | | | | | 20,867,998 | | |
Information Technology — 25.9% | | ||||||||||||
Accenture PLC, Class A | | | | | 11,660 | | | | | | 2,529,171 | | |
Adobe, Inc.* | | | | | 5,982 | | | | | | 2,674,552 | | |
Amphenol Corp., Class A | | | | | 26,120 | | | | | | 2,947,381 | | |
Broadcom, Inc. | | | | | 8,029 | | | | | | 2,807,179 | | |
Cadence Design Systems, Inc.* | | | | | 28,826 | | | | | | 3,152,700 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 40,966 | | | | | | 2,925,792 | | |
Fiserv, Inc.* | | | | | 20,041 | | | | | | 1,913,314 | | |
FleetCor Technologies, Inc.* | | | | | 10,205 | | | | | | 2,254,387 | | |
Global Payments, Inc. | | | | | 13,199 | | | | | | 2,082,010 | | |
Hewlett Packard Enterprise Co. | | | | | 196,049 | | | | | | 1,693,863 | | |
Intel Corp. | | | | | 35,175 | | | | | | 1,557,549 | | |
International Business Machines Corp. | | | | | 17,161 | | | | | | 1,916,197 | | |
Intuit, Inc. | | | | | 8,277 | | | | | | 2,604,606 | | |
Mastercard, Inc., Class A | | | | | 7,881 | | | | | | 2,274,772 | | |
Microsoft Corp. | | | | | 12,071 | | | | | | 2,444,015 | | |
Motorola Solutions, Inc. | | | | | 14,321 | | | | | | 2,263,577 | | |
Oracle Corp. | | | | | 39,389 | | | | | | 2,210,117 | | |
Palo Alto Networks, Inc.* | | | | | 11,610 | | | | | | 2,568,016 | | |
PayPal Holdings, Inc.* | | | | | 19,883 | | | | | | 3,700,823 | | |
ServiceNow, Inc.* | | | | | 6,642 | | | | | | 3,304,860 | | |
Splunk, Inc.* | | | | | 15,080 | | | | | | 2,986,443 | | |
Synopsys, Inc.* | | | | | 14,781 | | | | | | 3,161,065 | | |
VeriSign, Inc.* | | | | | 10,570 | | | | | | 2,015,699 | | |
Visa, Inc., Class A(a) | | | | | 11,815 | | | | | | 2,146,904 | | |
Workday, Inc., Class A* | | | | | 14,619 | | | | | | 3,071,744 | | |
Total Information Technology | | | | | | | | | | | 63,206,736 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials — 1.1% | | ||||||||||||
Air Products and Chemicals, Inc. | | | | | 9,537 | | | | | $ | 2,634,501 | | |
Real Estate — 2.6% | | ||||||||||||
American Tower Corp. | | | | | 8,743 | | | | | | 2,007,830 | | |
Crown Castle International Corp. | | | | | 13,183 | | | | | | 2,059,184 | | |
Realty Income Corp. | | | | | 38,179 | | | | | | 2,209,037 | | |
Total Real Estate | | | | | | | | | | | 6,276,051 | | |
Utilities — 3.8% | | ||||||||||||
American Electric Power Co., Inc. | | | | | 23,801 | | | | | | 2,140,424 | | |
DTE Energy Co. | | | | | 20,045 | | | | | | 2,473,954 | | |
Entergy Corp. | | | | | 20,258 | | | | | | 2,050,515 | | |
Public Service Enterprise Group, Inc. | | | | | 42,388 | | | | | | 2,464,862 | | |
Total Utilities | | | | | | | | | | | 9,129,755 | | |
Total Common Stocks (Cost $207,123,944) | | | | | | | | | | | 243,213,341 | | |
|
| | | Shares | | | Value | | ||||||
Short-Term Investment — 0.1% | | | | | | | | | | | | | |
Money Market Fund — 0.1% | | | | | | | | | | | | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.03%(b) (Cost $337,549) | | | | | 337,549 | | | | | $ | 337,549 | | |
Total Investments — 99.9% (Cost $207,461,493) | | | | | | | | | | | 243,550,890 | | |
Other Assets and Liabilities, Net — 0.1% | | | | | | | | | | | 201,522 | | |
Net Assets — 100.0% | | | | | | | | | | $ | 243,752,412 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(c) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 243,213,341 | | | | | $ | — | | | | | $ | — | | | | | $ | 243,213,341 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Fund | | | | | 337,549 | | | | | | — | | | | | | — | | | | | | 337,549 | | |
Total Investments in Securities | | | | $ | 243,550,890 | | | | | $ | — | | | | | $ | — | | | | | $ | 243,550,890 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 716,222,819 | | | | | $ | 3,836,434 | | | | | $ | 16,424,176 | | | | | $ | 8,084,112 | | |
Investments in affiliates, at value | | | | | 111,410,239 | | | | | | 646,952 | | | | | | 2,375,120 | | | | | | 286,993 | | |
Cash | | | | | 6,832 | | | | | | — | | | | | | — | | | | | | — | | |
Due from broker | | | | | 1,344,393 | | | | | | 13,350 | | | | | | 16,913 | | | | | | 29,149 | | |
Securities lending income receivable | | | | | 101,139 | | | | | | 417 | | | | | | 2,772 | | | | | | 593 | | |
Dividend receivable | | | | | 415 | | | | | | — | | | | | | 1 | | | | | | 1 | | |
Total Assets | | | | | 829,085,837 | | | | | | 4,497,153 | | | | | | 18,818,982 | | | | | | 8,400,848 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 91,292,003 | | | | | | 367,848 | | | | | | 2,795,304 | | | | | | 196,550 | | |
Due to broker | | | | | 1,043,521 | | | | | | 2,638 | | | | | | 25,504 | | | | | | 19,693 | | |
Advisory fees payable | | | | | 332,740 | | | | | | 1,410 | | | | | | 5,740 | | | | | | 4,384 | | |
Trustee fees payable | | | | | 6,962 | | | | | | 32 | | | | | | 183 | | | | | | 84 | | |
Compliance fees payable | | | | | 586 | | | | | | 3 | | | | | | 16 | | | | | | 9 | | |
Accrued expenses and other liabilities | | | | | 4,168 | | | | | | 50 | | | | | | 139 | | | | | | 108 | | |
Total Liabilities | | | | | 92,679,980 | | | | | | 371,981 | | | | | | 2,826,886 | | | | | | 220,828 | | |
Net Assets | | | | $ | 736,405,857 | | | | | $ | 4,125,172 | | | | | $ | 15,992,096 | | | | | $ | 8,180,020 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 757,047,730 | | | | | $ | 9,333,628 | | | | | $ | 15,520,495 | | | | | $ | 7,630,059 | | |
Total distributable earnings/(accumulated loss) | | | | | (20,641,873) | | | | | | (5,208,456) | | | | | | 471,601 | | | | | | 549,961 | | |
Net Assets | | | | $ | 736,405,857 | | | | | $ | 4,125,172 | | | | | $ | 15,992,096 | | | | | $ | 8,180,020 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 23,850,000 | | | | | | 150,000 | | | | | | 600,000 | | | | | | 350,000 | | |
Net Asset Value Per Share | | | | $ | 30.88 | | | | | $ | 27.50 | | | | | $ | 26.65 | | | | | $ | 23.37 | | |
Investments, at cost | | | | $ | 705,422,601 | | | | | $ | 3,609,763 | | | | | $ | 16,423,929 | | | | | $ | 8,247,179 | | |
Investments in affiliates, at cost | | | | $ | 109,862,637 | | | | | $ | 637,553 | | | | | $ | 2,342,562 | | | | | $ | 286,553 | | |
(a)Market value of securities on loan | | | | $ | 202,515,278 | | | | | $ | 1,118,030 | | | | | $ | 4,655,257 | | | | | $ | 1,171,481 | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | | IQ Enhanced Core Plus Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 4,792,797 | | | | | $ | 51,240,922 | | | | | $ | 26,940,778 | | | | | $ | 108,944,970 | | |
Investments in affiliates, at value | | | | | 1,292 | | | | | | 12,952,098 | | | | | | — | | | | | | — | | |
Due from broker | | | | | 1,501 | | | | | | — | | | | | | — | | | | | | — | | |
Securities lending income receivable | | | | | 656 | | | | | | 8,358 | | | | | | 744 | | | | | | 150 | | |
Dividend receivable | | | | | 1 | | | | | | 4 | | | | | | 2 | | | | | | 8 | | |
Receivable for investments sold | | | | | — | | | | | | — | | | | | | 983,543 | | | | | | 7,564,323 | | |
Due from advisor | | | | | — | | | | | | — | | | | | | 1,739 | | | | | | — | | |
Interest receivable | | | | | — | | | | | | — | | | | | | — | | | | | | 1,358,903 | | |
Total Assets | | | | | 4,796,247 | | | | | | 64,201,382 | | | | | | 27,926,806 | | | | | | 117,868,354 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 257,495 | | | | | | 12,588,896 | | | | | | 433,490 | | | | | | 968,842 | | |
Advisory fees payable | | | | | 2,754 | | | | | | 8,813 | | | | | | 5,872 | | | | | | 35,639 | | |
Due to broker | | | | | 1,488 | | | | | | — | | | | | | — | | | | | | — | | |
Trustee fees payable | | | | | 77 | | | | | | 495 | | | | | | 676 | | | | | | 644 | | |
Compliance fees payable | | | | | 8 | | | | | | 42 | | | | | | 51 | | | | | | 83 | | |
Payable for investments purchased | | | | | — | | | | | | — | | | | | | — | | | | | | 9,223,520 | | |
Payable for capital shares repurchased | | | | | — | | | | | | — | | | | | | 983,556 | | | | | | — | | |
Accrued expenses and other liabilities | | | | | 73 | | | | | | 333 | | | | | | 369 | | | | | | 892 | | |
Total Liabilities | | | | | 261,895 | | | | | | 12,598,579 | | | | | | 1,424,014 | | | | | | 10,229,620 | | |
Net Assets | | | | $ | 4,534,352 | | | | | $ | 51,602,803 | | | | | $ | 26,502,792 | | | | | $ | 107,638,734 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 4,067,840 | | | | | $ | 53,834,160 | | | | | $ | 42,474,630 | | | | | $ | 109,253,579 | | |
Total distributable earnings/(accumulated loss) | | | | | 466,512 | | | | | | (2,231,357) | | | | | | (15,971,838) | | | | | | (1,614,845) | | |
Net Assets | | | | $ | 4,534,352 | | | | | $ | 51,602,803 | | | | | $ | 26,502,792 | | | | | $ | 107,638,734 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 200,000 | | | | | | 1,900,000 | | | | | | 1,350,000 | | | | | | 4,350,000 | | |
Net Asset Value Per Share | | | | $ | 22.67 | | | | | $ | 27.16 | | | | | $ | 19.63 | | | | | $ | 24.74 | | |
Investments, at cost | | | | $ | 4,858,071 | | | | | $ | 51,115,947 | | | | | $ | 27,415,037 | | | | | $ | 107,134,684 | | |
Investments in affiliates, at cost | | | | $ | 1,290 | | | | | $ | 13,059,069 | | | | | $ | — | | | | | $ | — | | |
(a)Market value of securities on loan | | | | $ | 662,681 | | | | | $ | 15,183,196 | | | | | $ | 7,919,695 | | | | | $ | 1,103,682 | | |
| | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | | IQ U.S. Real Estate Small Cap ETF | | | IQ 500 International ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 762,292,282 | | | | | $ | 19,056,846 | | | | | $ | 34,684,268 | | | | | $ | 222,004,734 | | |
Investments in affiliates, at value | | | | | 2,018,986 | | | | | | 1,026,580 | | | | | | — | | | | | | — | | |
Cash | | | | | 496,771 | | | | | | — | | | | | | — | | | | | | — | | |
Deposits at broker for swap contracts | | | | | — | | | | | | 28 | | | | | | — | | | | | | — | | |
Due from broker | | | | | 5,878,904 | | | | | | 124,583 | | | | | | — | | | | | | — | | |
Receivable for investments sold | | | | | 1,224,577 | | | | | | 5,235 | | | | | | — | | | | | | 179,221 | | |
Dividend receivable | | | | | 40,691 | | | | | | 24,920 | | | | | | 24,793 | | | | | | 716,951 | | |
Securities lending income receivable | | | | | 3,985 | | | | | | 209 | | | | | | 24 | | | | | | 7,918 | | |
Reclaims receivable | | | | | 676 | | | | | | 82,895 | | | | | | — | | | | | | 298,368 | | |
Due from advisor | | | | | — | | | | | | — | | | | | | — | | | | | | 1,844 | | |
Total Assets | | | | | 771,956,872 | | | | | | 20,321,296 | | | | | | 34,709,085 | | | | | | 223,209,036 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 17,090,918 | | | | | | 201,810 | | | | | | 6,683 | | | | | | 7,592,425 | | |
Payable for investments purchased | | | | | 8,226,468 | | | | | | 3 | | | | | | — | | | | | | — | | |
Foreign currency due to custodian(b) | | | | | 1,244,619 | | | | | | 4,418 | | | | | | — | | | | | | 166,234 | | |
Due to broker | | | | | 573,922 | | | | | | 15 | | | | | | — | | | | | | — | | |
Advisory fees payable | | | | | 462,286 | | | | | | 14,087 | | | | | | 22,010 | | | | | | 48,049 | | |
Trustee fees payable | | | | | 6,863 | | | | | | 225 | | | | | | 446 | | | | | | 1,960 | | |
Compliance fees payable | | | | | 553 | | | | | | 13 | | | | | | 32 | | | | | | 181 | | |
Accrued expenses and other liabilities | | | | | 4,471 | | | | | | 233 | | | | | | 223 | | | | | | 1,196 | | |
Total Liabilities | | | | | 27,610,100 | | | | | | 220,804 | | | | | | 29,394 | | | | | | 7,810,045 | | |
Net Assets | | | | $ | 744,346,772 | | | | | $ | 20,100,492 | | | | | $ | 34,679,691 | | | | | $ | 215,398,991 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 744,724,211 | | | | | $ | 81,655,861 | | | | | $ | 60,739,957 | | | | | $ | 256,810,810 | | |
Total distributable earnings/(accumulated loss) | | | | | (377,439) | | | | | | (61,555,369) | | | | | | (26,060,266) | | | | | | (41,411,819) | | |
Net Assets | | | | $ | 744,346,772 | | | | | $ | 20,100,492 | | | | | $ | 34,679,691 | | | | | $ | 215,398,991 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 21,750,000 | | | | | | 800,000 | | | | | | 2,050,000 | | | | | | 9,150,000 | | |
Net Asset Value Per Share | | | | $ | 34.22 | | | | | $ | 25.13 | | | | | $ | 16.92 | | | | | $ | 23.54 | | |
Investments, at cost | | | | $ | 751,751,271 | | | | | $ | 21,495,931 | | | | | $ | 47,744,060 | | | | | $ | 261,998,484 | | |
Investments in affiliates, at cost | | | | $ | 2,001,822 | | | | | $ | 1,026,845 | | | | | $ | — | | | | | $ | — | | |
(a)Market value of securities on loan | | | | $ | 50,544,862 | | | | | $ | 302,678 | | | | | $ | 576,638 | | | | | $ | 7,530,922 | | |
(b)Cost of foreign currency | | | | $ | (1,244,779) | | | | | $ | (4,508) | | | | | $ | — | | | | | $ | (166,229) | | |
| | | IQ 50 Percent Hedged FTSE International ETF | | | IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG U.S. Equity ETF | | | IQ Chaikin U.S. Small Cap ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 253,613,952 | | | | | $ | 102,421,378 | | | | | $ | 220,510,544 | | | | | $ | 135,558,482 | | |
Cash | | | | | — | | | | | | — | | | | | | — | | | | | | 105 | | |
Foreign currency(b) | | | | | 36,954 | | | | | | 809 | | | | | | — | | | | | | — | | |
Dividend receivable | | | | | 665,911 | | | | | | 235,546 | | | | | | 181,213 | | | | | | 64,612 | | |
Reclaims receivable | | | | | 572,570 | | | | | | 43,398 | | | | | | — | | | | | | — | | |
Unrealized appreciation on forward foreign currency contracts | | | | | 516,133 | | | | | | — | | | | | | — | | | | | | — | | |
Receivable for investments sold | | | | | 70,281 | | | | | | 11 | | | | | | — | | | | | | — | | |
Due from advisor | | | | | 35,815 | | | | | | 1,144 | | | | | | 1,152 | | | | | | — | | |
Securities lending income receivable | | | | | 1,681 | | | | | | 458 | | | | | | 220 | | | | | | 12,598 | | |
Prepaid expenses | | | | | — | | | | | | — | | | | | | 614 | | | | | | — | | |
Total Assets | | | | | 255,513,297 | | | | | | 102,702,744 | | | | | | 220,693,743 | | | | | | 135,635,797 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 3,935,916 | | | | | | 862,955 | | | | | | 187,581 | | | | | | 3,083,247 | | |
Cash due to custodian | | | | | 800,359 | | | | | | — | | | | | | — | | | | | | — | | |
Unrealized depreciation on forward foreign currency contracts | | | | | 572,159 | | | | | | — | | | | | | — | | | | | | — | | |
Advisory fees payable | | | | | 77,986 | | | | | | 14,141 | | | | | | 15,789 | | | | | | 38,175 | | |
Trustee fees payable | | | | | 2,321 | | | | | | 360 | | | | | | — | | | | | | 838 | | |
Compliance fees payable | | | | | 209 | | | | | | 69 | | | | | | 52 | | | | | | 87 | | |
Accrued expenses and other liabilities | | | | | 2,657 | | | | | | 388 | | | | | | 235 | | | | | | 551 | | |
Total Liabilities | | | | | 5,391,607 | | | | | | 877,913 | | | | | | 203,657 | | | | | | 3,122,898 | | |
Net Assets | | | | $ | 250,121,690 | | | | | $ | 101,824,831 | | | | | $ | 220,490,086 | | | | | $ | 132,512,899 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 299,897,277 | | | | | $ | 93,006,040 | | | | | $ | 216,366,353 | | | | | $ | 196,479,251 | | |
Total distributable earnings/(accumulated loss) | | | | | (49,775,587) | | | | | | 8,818,791 | | | | | | 4,123,733 | | | | | | (63,966,352) | | |
Net Assets | | | | $ | 250,121,690 | | | | | $ | 101,824,831 | | | | | $ | 220,490,086 | | | | | $ | 132,512,899 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 13,100,000 | | | | | | 4,450,000 | | | | | | 7,850,000 | | | | | | 5,850,000 | | |
Net Asset Value Per Share | | | | $ | 19.09 | | | | | $ | 22.88 | | | | | $ | 28.09 | | | | | $ | 22.65 | | |
Investments, at cost | | | | $ | 289,546,165 | | | | | $ | 96,431,970 | | | | | $ | 218,627,900 | | | | | $ | 121,134,497 | | |
(a)Market value of securities on loan | | | | $ | 3,828,217 | | | | | $ | 1,561,885 | | | | | $ | 4,597,858 | | | | | $ | 10,021,790 | | |
(b)Cost of foreign currency | | | | $ | 36,576 | | | | | $ | 807 | | | | | $ | — | | | | | $ | — | | |
| | | IQ Chaikin U.S. Large Cap ETF | | |||
Assets | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 243,550,890 | | |
Dividend receivable | | | | | 256,242 | | |
Securities lending income receivable | | | | | 377 | | |
Total Assets | | | | | 243,807,509 | | |
Liabilities | | | | | | | |
Advisory fees payable | | | | | 51,531 | | |
Trustee fees payable | | | | | 2,074 | | |
Compliance fees payable | | | | | 200 | | |
Accrued expenses and other liabilities | | | | | 1,292 | | |
Total Liabilities | | | | | 55,097 | | |
Net Assets | | | | $ | 243,752,412 | | |
Composition of Net Assets | | | | | | | |
Paid-in capital | | | | $ | 282,561,265 | | |
Total distributable earnings/(accumulated loss) | | | | | (38,808,853) | | |
Net Assets | | | | $ | 243,752,412 | | |
NET ASSET VALUE PER SHARE | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 9,900,000 | | |
Net Asset Value Per Share | | | | $ | 24.62 | | |
Investments, at cost | | | | $ | 207,461,493 | | |
(a)Market value of securities on loan | | | | $ | 9,000,618 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 6,799,436 | | | | | $ | 31,068 | | | | | $ | 160,205 | | | | | $ | 137,649 | | |
Dividend income from affiliates | | | | | 445,014 | | | | | | 2,718 | | | | | | 13,424 | | | | | | 1,738 | | |
Securities lending income, net of borrower rebates | | | | | 518,816 | | | | | | 2,475 | | | | | | 15,011 | | | | | | 3,773 | | |
Total investment income | | | | | 7,763,266 | | | | | | 36,261 | | | | | | 188,640 | | | | | | 143,160 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 2,874,740 | | | | | | 15,285 | | | | | | 70,385 | | | | | | 48,487 | | |
Trustee fees | | | | | 25,249 | | | | | | 136 | | | | | | 636 | | | | | | 414 | | |
Legal fees | | | | | 20,026 | | | | | | 106 | | | | | | 505 | | | | | | 311 | | |
Compliance fees | | | | | 992 | | | | | | 5 | | | | | | 25 | | | | | | 17 | | |
Miscellaneous | | | | | 578 | | | | | | 29 | | | | | | 29 | | | | | | 28 | | |
Total expenses | | | | | 2,921,585 | | | | | | 15,561 | | | | | | 71,580 | | | | | | 49,257 | | |
Waivers/Reimbursement (See Note 3) | | | | | (843,255) | | | | | | (7,133) | | | | | | (32,846) | | | | | | (22,626) | | |
Net expenses | | | | | 2,078,330 | | | | | | 8,428 | | | | | | 38,734 | | | | | | 26,631 | | |
Net investment income | | | | | 5,684,936 | | | | | | 27,833 | | | | | | 149,906 | | | | | | 116,529 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | 15,577,261 | | | | | | 44,033 | | | | | | 72,002 | | | | | | (154,339) | | |
Investment in affiliates | | | | | 434,093 | | | | | | — | | | | | | 64 | | | | | | 2,010 | | |
In-Kind redemptions | | | | | 11,110,413 | | | | | | — | | | | | | 493,889 | | | | | | 1,643,012 | | |
Affiliates in-kind redemptions | | | | | 549,219 | | | | | | — | | | | | | 12,795 | | | | | | 1,920 | | |
Swap transactions | | | | | (3,447,280) | | | | | | (716) | | | | | | (119,754) | | | | | | (39,813) | | |
Net realized gain (loss) | | | | | 24,223,706 | | | | | | 43,317 | | | | | | 458,996 | | | | | | 1,452,790 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | 8,838,486 | | | | | | 223,579 | | | | | | 143,956 | | | | | | (424,716) | | |
Investment in affiliates | | | | | 489,918 | | | | | | 3,172 | | | | | | (2,576) | | | | | | (5,089) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 9,328,404 | | | | | | 226,751 | | | | | | 141,380 | | | | | | (429,805) | | |
Net realized and unrealized gain (loss) | | | | | 33,552,110 | | | | | | 270,068 | | | | | | 600,376 | | | | | | 1,022,985 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 39,237,046 | | | | | $ | 297,901 | | | | | $ | 750,282 | | | | | $ | 1,139,514 | | |
*Net of foreign taxes withheld of: | | | | $ | — | | | | | $ | 62 | | | | | $ | — | | | | | $ | — | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | | IQ Enhanced Core Plus Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income | | | | $ | 118,677 | | | | | $ | 128,049 | | | | | $ | 625,638 | | | | | $ | 155 | | |
Dividend income from affiliates | | | | | 9 | | | | | | 86,492 | | | | | | — | | | | | | — | | |
Interest income | | | | | — | | | | | | — | | | | | | — | | | | | | 2,039,382 | | |
Securities lending income, net of borrower rebates | | | | | 4,057 | | | | | | 27,324 | | | | | | 4,667 | | | | | | 1,313 | | |
Total investment income | | | | | 122,743 | | | | | | 241,865 | | | | | | 630,305 | | | | | | 2,040,850 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 32,849 | | | | | | 124,958 | | | | | | 73,962 | | | | | | 187,647 | | |
Trustee fees | | | | | 289 | | | | | | 1,725 | | | | | | 2,223 | | | | | | 2,799 | | |
Legal fees | | | | | 229 | | | | | | 1,352 | | | | | | 1,786 | | | | | | 2,160 | | |
Compliance fees | | | | | 12 | | | | | | 69 | | | | | | 88 | | | | | | 115 | | |
Miscellaneous | | | | | 29 | | | | | | 344 | | | | | | 45 | | | | | | 202 | | |
Total expenses | | | | | 33,408 | | | | | | 128,448 | | | | | | 78,104 | | | | | | 192,923 | | |
Waivers/Reimbursement (See Note 3) | | | | | (15,329) | | | | | | (72,892) | | | | | | (18,857) | | | | | | (5,277) | | |
Net expenses | | | | | 18,079 | | | | | | 55,556 | | | | | | 59,247 | | | | | | 187,646 | | |
Net investment income | | | | | 104,664 | | | | | | 186,309 | | | | | | 571,058 | | | | | | 1,853,204 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (78,619) | | | | | | (244,705) | | | | | | 328,862 | | | | | | 399,065 | | |
Investment in affiliates | | | | | — | | | | | | (3,700) | | | | | | — | | | | | | — | | |
In-Kind redemptions | | | | | 596,906 | | | | | | — | | | | | | 235,476 | | | | | | — | | |
Affiliates in-kind redemptions | | | | | 20 | | | | | | — | | | | | | — | | | | | | — | | |
Swap transactions | | | | | (182) | | | | | | — | | | | | | — | | | | | | — | | |
Net realized gain (loss) | | | | | 518,125 | | | | | | (248,405) | | | | | | 564,338 | | | | | | 399,065 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | 197,579 | | | | | | 416,893 | | | | | | (1,430,238) | | | | | | 2,372,686 | | |
Investment in affiliates | | | | | 2 | | | | | | 60,199 | | | | | | — | | | | | | — | | |
Net change in net unrealized appreciation (depreciation) | | | | | 197,581 | | | | | | 477,092 | | | | | | (1,430,238) | | | | | | 2,372,686 | | |
Net realized and unrealized gain (loss) | | | | | 715,706 | | | | | | 228,687 | | | | | | (865,900) | | | | | | 2,771,751 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 820,370 | | | | | $ | 414,996 | | | | | $ | (294,842) | | | | | $ | 4,624,955 | | |
| | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | | IQ U.S. Real Estate Small Cap ETF | | | IQ 500 International ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 2,728,729 | | | | | $ | 495,457 | | | | | $ | 966,797 | | | | | $ | 3,519,974 | | |
Dividend income from affiliates | | | | | 22,488 | | | | | | 7,825 | | | | | | — | | | | | | — | | |
Securities lending income, net of borrower rebates | | | | | 400,435 | | | | | | 1,858 | | | | | | 3,454 | | | | | | 68,046 | | |
Total investment income | | | | | 3,151,652 | | | | | | 505,140 | | | | | | 970,251 | | | | | | 3,588,020 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 2,663,146 | | | | | | 89,901 | | | | | | 138,540 | | | | | | 288,581 | | |
Trustee fees | | | | | 23,478 | | | | | | 784 | | | | | | 1,299 | | | | | | 7,469 | | |
Legal fees | | | | | 18,649 | | | | | | 580 | | | | | | 1,053 | | | | | | 5,865 | | |
Compliance fees | | | | | 923 | | | | | | 35 | | | | | | 53 | | | | | | 293 | | |
Miscellaneous | | | | | 2,911 | | | | | | 30 | | | | | | 30 | | | | | | 25 | | |
Total expenses | | | | | 2,709,107 | | | | | | 91,330 | | | | | | 140,975 | | | | | | 302,233 | | |
Waivers/Reimbursement (See Note 3) | | | | | — | | | | | | — | | | | | | — | | | | | | (13,651) | | |
Net expenses | | | | | 2,709,107 | | | | | | 91,330 | | | | | | 140,975 | | | | | | 288,582 | | |
Net investment income | | | | | 442,545 | | | | | | 413,810 | | | | | | 829,276 | | | | | | 3,299,438 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (30,127,878) | | | | | | (806,535) | | | | | | (4,766,615) | | | | | | (3,671,257) | | |
Investment in affiliates | | | | | 23,210 | | | | | | (320) | | | | | | — | | | | | | — | | |
In-Kind redemptions | | | | | 20,962,857 | | | | | | 746,085 | | | | | | (1,255,983) | | | | | | 1,543,393 | | |
Affiliates in-kind redemptions | | | | | 5,781 | | | | | | 3,967 | | | | | | — | | | | | | — | | |
Swap transactions | | | | | (21,507,411) | | | | | | (593,675) | | | | | | — | | | | | | — | | |
Foreign currency transactions | | | | | (262,020) | | | | | | 1,718 | | | | | | — | | | | | | (2,879) | | |
Net realized gain (loss) | | | | | (30,905,461) | | | | | | (648,760) | | | | | | (6,022,598) | | | | | | (2,130,743) | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | 88,213,888 | | | | | | 1,288,381 | | | | | | 5,571,063 | | | | | | 14,836,918 | | |
Investment in affiliates | | | | | 160 | | | | | | 2,471 | | | | | | — | | | | | | — | | |
Foreign currency translations | | | | | 5,244 | | | | | | 5,252 | | | | | | — | | | | | | 14,100 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 88,219,292 | | | | | | 1,296,104 | | | | | | 5,571,063 | | | | | | 14,851,018 | | |
Net realized and unrealized gain (loss) | | | | | 57,313,831 | | | | | | 647,344 | | | | | | (451,535) | | | | | | 12,720,275 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 57,756,376 | | | | | $ | 1,061,154 | | | | | $ | 377,741 | | | | | $ | 16,019,713 | | |
*Net of foreign taxes withheld of: | | | | $ | 41,121 | | | | | $ | 34,561 | | | | | $ | — | | | | | $ | 389,170 | | |
| | | IQ 50 Percent Hedged FTSE International ETF | | | IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG U.S. Equity ETF | | | IQ Chaikin U.S. Small Cap ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 3,225,580 | | | | | $ | 1,204,021 | | | | | $ | 788,613 | | | | | $ | 1,004,429 | | |
Securities lending income, net of borrower rebates | | | | | 23,553 | | | | | | 7,038 | | | | | | 874 | | | | | | 94,008 | | |
Total investment income | | | | | 3,249,133 | | | | | | 1,211,059 | | | | | | 789,487 | | | | | | 1,098,437 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 461,494 | | | | | | 73,992 | | | | | | 49,857 | | | | | | 205,918 | | |
Trustee fees | | | | | 8,570 | | | | | | 2,779 | | | | | | 1,630 | | | | | | 3,544 | | |
Legal fees | | | | | 5,928 | | | | | | 2,104 | | | | | | 1,190 | | | | | | 2,792 | | |
Compliance fees | | | | | 338 | | | | | | 113 | | | | | | 70 | | | | | | 141 | | |
Miscellaneous | | | | | 484 | | | | | | 19 | | | | | | 19 | | | | | | 29 | | |
Total expenses | | | | | 476,814 | | | | | | 79,007 | | | | | | 52,766 | | | | | | 212,424 | | |
Waivers/Reimbursement (See Note 3) | | | | | (213,310) | | | | | | (5,015) | | | | | | (2,906) | | | | | | (6,506) | | |
Net expenses | | | | | 263,504 | | | | | | 73,992 | | | | | | 49,860 | | | | | | 205,918 | | |
Net investment income | | | | | 2,985,629 | | | | | | 1,137,067 | | | | | | 739,627 | | | | | | 892,519 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (6,984,294) | | | | | | (280,407) | | | | | | (218,840) | | | | | | 512,166 | | |
In-Kind redemptions | | | | | 1,320,427 | | | | | | 2,830,586 | | | | | | 2,245,737 | | | | | | 1,495,707 | | |
Forward foreign currency contracts | | | | | (6,426,021) | | | | | | — | | | | | | — | | | | | | — | | |
Foreign currency transactions | | | | | (20,097) | | | | | | (1,274) | | | | | | — | | | | | | — | | |
Net realized gain (loss) | | | | | (12,109,985) | | | | | | 2,548,905 | | | | | | 2,026,897 | | | | | | 2,007,873 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | 26,097,386 | | | | | | 6,330,134 | | | | | | 2,145,696 | | | | | | 10,698,513 | | |
Forward foreign currency contracts | | | | | 929,531 | | | | | | — | | | | | | — | | | | | | — | | |
Foreign currency translations | | | | | 26,934 | | | | | | 3,104 | | | | | | — | | | | | | — | | |
Net change in net unrealized appreciation (depreciation) | | | | | 27,053,851 | | | | | | 6,333,238 | | | | | | 2,145,696 | | | | | | 10,698,513 | | |
Net realized and unrealized gain (loss) | | | | | 14,943,866 | | | | | | 8,882,143 | | | | | | 4,172,593 | | | | | | 12,706,386 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 17,929,495 | | | | | $ | 10,019,210 | | | | | $ | 4,912,220 | | | | | $ | 13,598,905 | | |
*Net of foreign taxes withheld of: | | | | $ | 284,392 | | | | | $ | 115,441 | | | | | $ | 3 | | | | | $ | 291 | | |
| | | IQ Chaikin U.S. Large Cap ETF | | |||
Investment Income | | | | | | | |
Dividend income | | | | $ | 2,246,098 | | |
Securities lending income, net of borrower rebates | | | | | 2,891 | | |
Total investment income | | | | | 2,248,989 | | |
Expenses | | | | | | | |
Advisory fees (See Note 3) | | | | | 302,127 | | |
Trustee fees | | | | | 7,660 | | |
Legal fees | | | | | 6,036 | | |
Compliance fees | | | | | 299 | | |
Miscellaneous | | | | | 29 | | |
Total expenses | | | | | 316,151 | | |
Waivers/Reimbursement (See Note 3) | | | | | (14,024) | | |
Net expenses | | | | | 302,127 | | |
Net investment income | | | | | 1,946,862 | | |
Realized and Unrealized Gain (Loss) | | | | | | | |
Net realized gain (loss) from: | | | | | | | |
Investment securities | | | | | (41,298) | | |
In-Kind redemptions | | | | | 1,039,929 | | |
Net realized gain (loss) | | | | | 998,631 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | |
Investment securities | | | | | 25,353,192 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 25,353,192 | | |
Net realized and unrealized gain (loss) | | | | | 26,351,823 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 28,298,685 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 5,684,936 | | | | | $ | 20,842,057 | | | | | $ | 27,833 | | | | | $ | 100,870 | | |
Net realized gain (loss) | | | | | 24,223,706 | | | | | | (16,734,225) | | | | | | 43,317 | | | | | | (80,989) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 9,328,404 | | | | | | (12,595,811) | | | | | | 226,751 | | | | | | (44,333) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 39,237,046 | | | | | | (8,487,979) | | | | | | 297,901 | | | | | | (24,452) | | |
Distributions to Shareholders | | | | | — | | | | | | (16,163,950) | | | | | | — | | | | | | (54,164) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 133,904,672 | | | | | | 108,741,902 | | | | | | — | | | | | | — | | |
Cost of shares redeemed | | | | | (176,396,248) | | | | | | (337,851,658) | | | | | | — | | | | | | (1,345,577) | | |
Net increase (decrease) from capital share transactions | | | | | (42,491,576) | | | | | | (229,109,756) | | | | | | — | | | | | | (1,345,577) | | |
Total increase (decrease) in net assets | | | | | (3,254,530) | | | | | | (253,761,685) | | | | | | 297,901 | | | | | | (1,424,193) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 739,660,387 | | | | | | 993,422,072 | | | | | | 3,827,271 | | | | | | 5,251,464 | | |
End of period | | | | $ | 736,405,857 | | | | | $ | 739,660,387 | | | | | $ | 4,125,172 | | | | | $ | 3,827,271 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 25,150,000 | | | | | | 32,800,000 | | | | | | 150,000 | | | | | | 200,000 | | |
Shares created | | | | | 4,450,000 | | | | | | 3,600,000 | | | | | | — | | | | | | — | | |
Shares redeemed | | | | | (5,750,000) | | | | | | (11,250,000) | | | | | | — | | | | | | (50,000) | | |
Shares outstanding, end of period | | | | | 23,850,000 | | | | | | 25,150,000 | | | | | | 150,000 | | | | | | 150,000 | | |
| | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 149,906 | | | | | $ | 350,179 | | | | | $ | 116,529 | | | | | $ | 166,866 | | |
Net realized gain (loss) | | | | | 458,996 | | | | | | 13,206 | | | | | | 1,452,790 | | | | | | (352,670) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 141,380 | | | | | | (336,826) | | | | | | (429,805) | | | | | | 163,059 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 750,282 | | | | | | 26,559 | | | | | | 1,139,514 | | | | | | (22,745) | | |
Distributions to Shareholders | | | | | — | | | | | | (239,729) | | | | | | — | | | | | | (123,690) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 5,339,025 | | | | | | 5,068,994 | | | | | | 8,270,737 | | | | | | 8,803,502 | | |
Cost of shares redeemed | | | | | (8,053,657) | | | | | | (2,639,984) | | | | | | (11,929,409) | | | | | | (4,417,086) | | |
Net increase (decrease) from capital share transactions | | | | | (2,714,632) | | | | | | 2,429,010 | | | | | | (3,658,672) | | | | | | 4,386,416 | | |
Total increase (decrease) in net assets | | | | | (1,964,350) | | | | | | 2,215,840 | | | | | | (2,519,158) | | | | | | 4,239,981 | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 17,956,446 | | | | | | 15,740,606 | | | | | | 10,699,178 | | | | | | 6,459,197 | | |
End of period | | | | $ | 15,992,096 | | | | | $ | 17,956,446 | | | | | $ | 8,180,020 | | | | | $ | 10,699,178 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 700,000 | | | | | | 600,000 | | | | | | 500,000 | | | | | | 300,000 | | |
Shares created | | | | | 200,000 | | | | | | 200,000 | | | | | | 350,000 | | | | | | 400,000 | | |
Shares redeemed | | | | | (300,000) | | | | | | (100,000) | | | | | | (500,000) | | | | | | (200,000) | | |
Shares outstanding, end of period | | | | | 600,000 | | | | | | 700,000 | | | | | | 350,000 | | | | | | 500,000 | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 104,664 | | | | | $ | 201,009 | | | | | $ | 186,309 | | | | | $ | 1,075,218 | | |
Net realized gain (loss) | | | | | 518,125 | | | | | | (129,344) | | | | | | (248,405) | | | | | | (500,329) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 197,581 | | | | | | (341,340) | | | | | | 477,092 | | | | | | (1,143,699) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 820,370 | | | | | | (269,675) | | | | | | 414,996 | | | | | | (568,810) | | |
Distributions to Shareholders | | | | | — | | | | | | (157,392) | | | | | | — | | | | | | (1,185,760) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 3,422,930 | | | | | | 8,619,767 | | | | | | — | | | | | | — | | |
Cost of shares redeemed | | | | | (8,062,646) | | | | | | (4,091,994) | | | | | | — | | | | | | (4,103,526) | | |
Net increase (decrease) from capital share transactions | | | | | (4,639,716) | | | | | | 4,527,773 | | | | | | — | | | | | | (4,103,526) | | |
Total increase (decrease) in net assets | | | | | (3,819,346) | | | | | | 4,100,706 | | | | | | 414,996 | | | | | | (5,858,096) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 8,353,698 | | | | | | 4,252,992 | | | | | | 51,187,807 | | | | | | 57,045,903 | | |
End of period | | | | $ | 4,534,352 | | | | | $ | 8,353,698 | | | | | $ | 51,602,803 | | | | | $ | 51,187,807 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 400,000 | | | | | | 200,000 | | | | | | 1,900,000 | | | | | | 2,050,000 | | |
Shares created | | | | | 150,000 | | | | | | 400,000 | | | | | | — | | | | | | — | | |
Shares redeemed | | | | | (350,000) | | | | | | (200,000) | | | | | | — | | | | | | (150,000) | | |
Shares outstanding, end of period | | | | | 200,000 | | | | | | 400,000 | | | | | | 1,900,000 | | | | | | 1,900,000 | | |
| | | IQ Enhanced Core Plus Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 571,058 | | | | | $ | 3,141,793 | | | | | $ | 1,853,204 | | | | | $ | 2,548,294 | | |
Net realized gain (loss) | | | | | 564,338 | | | | | | 5,991,745 | | | | | | 399,065 | | | | | | (2,350,176) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (1,430,238) | | | | | | (1,318,948) | | | | | | 2,372,686 | | | | | | (1,115,683) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (294,842) | | | | | | 7,814,590 | | | | | | 4,624,955 | | | | | | (917,565) | | |
Distributions to Shareholders | | | | | (574,223) | | | | | | (3,150,736) | | | | | | (1,737,976) | | | | | | (2,787,812) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 996,463 | | | | | | 10,759,163 | | | | | | 53,457,037 | | | | | | 16,228,614 | | |
Cost of shares redeemed | | | | | (42,616,860) | | | | | | (102,924,698) | | | | | | — | | | | | | (26,854,263) | | |
Net increase (decrease) from capital share transactions | | | | | (41,620,397) | | | | | | (92,165,535) | | | | | | 53,457,037 | | | | | | (10,625,649) | | |
Total increase (decrease) in net assets | | | | | (42,489,462) | | | | | | (87,501,681) | | | | | | 56,344,016 | | | | | | (14,331,026) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 68,992,254 | | | | | | 156,493,935 | | | | | | 51,294,718 | | | | | | 65,625,744 | | |
End of period | | | | $ | 26,502,792 | | | | | $ | 68,992,254 | | | | | $ | 107,638,734 | | | | | $ | 51,294,718 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 3,450,000 | | | | | | 8,150,000 | | | | | | 2,150,000 | | | | | | 2,650,000 | | |
Shares created | | | | | 50,000 | | | | | | 550,000 | | | | | | 2,200,000 | | | | | | 650,000 | | |
Shares redeemed | | | | | (2,150,000) | | | | | | (5,250,000) | | | | | | — | | | | | | (1,150,000) | | |
Shares outstanding, end of period | | | | | 1,350,000 | | | | | | 3,450,000 | | | | | | 4,350,000 | | | | | | 2,150,000 | | |
| | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 442,545 | | | | | $ | 3,872,200 | | | | | $ | 413,810 | | | | | $ | 2,749,818 | | |
Net realized gain (loss) | | | | | (30,905,461) | | | | | | 82,702,816 | | | | | | (648,760) | | | | | | 1,836,863 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 88,219,292 | | | | | | (95,293,870) | | | | | | 1,296,104 | | | | | | (5,664,345) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 57,756,376 | | | | | | (8,718,854) | | | | | | 1,061,154 | | | | | | (1,077,664) | | |
Distributions to Shareholders | | | | | — | | | | | | — | | | | | | — | | | | | | (2,539,080) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 77,198,291 | | | | | | 778,842,132 | | | | | | — | | | | | | 1,340,878 | | |
Cost of shares redeemed | | | | | (114,189,669) | | | | | | (1,032,341,051) | | | | | | (3,909,018) | | | | | | (150,087,715) | | |
Net increase (decrease) from capital share transactions | | | | | (36,991,378) | | | | | | (253,498,919) | | | | | | (3,909,018) | | | | | | (148,746,837) | | |
Total increase (decrease) in net assets | | | | | 20,764,998 | | | | | | (262,217,773) | | | | | | (2,847,864) | | | | | | (152,363,581) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 723,581,774 | | | | | | 985,799,547 | | | | | | 22,948,356 | | | | | | 175,311,937 | | |
End of period | | | | $ | 744,346,772 | | | | | $ | 723,581,774 | | | | | $ | 20,100,492 | | | | | $ | 22,948,356 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 22,950,000 | | | | | | 31,300,000 | | | | | | 950,000 | | | | | | 6,500,000 | | |
Shares created | | | | | 2,300,000 | | | | | | 23,900,000 | | | | | | — | | | | | | 50,000 | | |
Shares redeemed | | | | | (3,500,000) | | | | | | (32,250,000) | | | | | | (150,000) | | | | | | (5,600,000) | | |
Shares outstanding, end of period | | | | | 21,750,000 | | | | | | 22,950,000 | | | | | | 800,000 | | | | | | 950,000 | | |
| | | IQ U.S. Real Estate Small Cap ETF | | | IQ 500 International ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 829,276 | | | | | $ | 1,707,060 | | | | | $ | 3,299,438 | | | | | $ | 4,213,636 | | |
Net realized gain (loss) | | | | | (6,022,598) | | | | | | (2,621,227) | | | | | | (2,130,743) | | | | | | 4,809,844 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 5,571,063 | | | | | | (15,279,064) | | | | | | 14,851,018 | | | | | | (60,097,774) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 377,741 | | | | | | (16,193,231) | | | | | | 16,019,713 | | | | | | (51,074,294) | | |
Distributions to Shareholders | | | | | (936,069) | | | | | | (1,633,256) | | | | | | (3,283,308) | | | | | | (3,080,969) | | |
Distributions to Shareholders from Return of Capital | | | | | — | | | | | | (1,775,536) | | | | | | — | | | | | | — | | |
Total distributions to shareholders | | | | | (936,069) | | | | | | (3,408,792) | | | | | | (3,283,308) | | | | | | (3,080,969) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 850,893 | | | | | | 3,688,926 | | | | | | — | | | | | | 284,884,301 | | |
Cost of shares redeemed | | | | | (6,315,193) | | | | | | (14,999,579) | | | | | | (15,788,678) | | | | | | (97,952,352) | | |
Net increase (decrease) from capital share transactions | | | | | (5,464,300) | | | | | | (11,310,653) | | | | | | (15,788,678) | | | | | | 186,931,949 | | |
Total increase (decrease) in net assets | | | | | (6,022,628) | | | | | | (30,912,676) | | | | | | (3,052,273) | | | | | | 132,776,686 | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 40,702,319 | | | | | | 71,614,995 | | | | | | 218,451,264 | | | | | | 85,674,578 | | |
End of period | | | | $ | 34,679,691 | | | | | $ | 40,702,319 | | | | | $ | 215,398,991 | | | | | $ | 218,451,264 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 2,350,000 | | | | | | 2,850,000 | | | | | | 9,800,000 | | | | | | 3,100,000 | | |
Shares created | | | | | 50,000 | | | | | | 150,000 | | | | | | — | | | | | | 10,350,000 | | |
Shares redeemed | | | | | (350,000) | | | | | | (650,000) | | | | | | (650,000) | | | | | | (3,650,000) | | |
Shares outstanding, end of period | | | | | 2,050,000 | | | | | | 2,350,000 | | | | | | 9,150,000 | | | | | | 9,800,000 | | |
| | | IQ 50 Percent Hedged FTSE International ETF | | | IQ Candriam ESG International Equity ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Period December 17, 2019* to April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 2,985,629 | | | | | $ | 7,283,615 | | | | | $ | 1,137,067 | | | | | $ | 142,981 | | |
Net realized gain (loss) | | | | | (12,109,985) | | | | | | (3,622,654) | | | | | | 2,548,905 | | | | | | (47,615) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 27,053,851 | | | | | | (43,441,569) | | | | | | 6,333,238 | | | | | | (340,084) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 17,929,495 | | | | | | (39,780,608) | | | | | | 10,019,210 | | | | | | (244,718) | | |
Distributions to Shareholders | | | | | (3,281,130) | | | | | | (7,874,573) | | | | | | (904,797) | | | | | | (50,904) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 16,392,428 | | | | | | 134,725,957 | | | | | | 62,073,063 | | | | | | 46,491,761 | | |
Cost of shares redeemed | | | | | (30,493,900) | | | | | | (118,574,884) | | | | | | (15,558,784) | | | | | | — | | |
Net increase (decrease) from capital share transactions | | | | | (14,101,472) | | | | | | 16,151,073 | | | | | | 46,514,279 | | | | | | 46,491,761 | | |
Total increase (decrease) in net assets | | | | | 546,893 | | | | | | (31,504,108) | | | | | | 55,628,692 | | | | | | 46,196,139 | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 249,574,797 | | | | | | 281,078,905 | | | | | | 46,196,139 | | | | | | — | | |
End of period | | | | $ | 250,121,690 | | | | | $ | 249,574,797 | | | | | $ | 101,824,831 | | | | | $ | 46,196,139 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 13,850,000 | | | | | | 13,650,000 | | | | | | 2,200,000 | | | | | | — | | |
Shares created | | | | | 850,000 | | | | | | 6,400,000 | | | | | | 2,900,000 | | | | | | 2,200,000 | | |
Shares redeemed | | | | | (1,600,000) | | | | | | (6,200,000) | | | | | | (650,000) | | | | | | — | | |
Shares outstanding, end of period | | | | | 13,100,000 | | | | | | 13,850,000 | | | | | | 4,450,000 | | | | | | 2,200,000 | | |
| | | IQ Candriam ESG U.S. Equity ETF | | | IQ Chaikin U.S. Small Cap ETF | | ||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Period December 17, 2019* to April 30, 2020 | | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 739,627 | | | | | $ | 39,607 | | | | | $ | 892,519 | | | | | $ | 2,395,386 | | |
Net realized gain (loss) | | | | | 2,026,897 | | | | | | 54,203 | | | | | | 2,007,873 | | | | | | (38,685,566) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 2,145,696 | | | | | | (263,052) | | | | | | 10,698,513 | | | | | | 5,130,703 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 4,912,220 | | | | | | (169,242) | | | | | | 13,598,905 | | | | | | (31,159,477) | | |
Distributions to Shareholders | | | | | (515,275) | | | | | | (30,853) | | | | | | (687,575) | | | | | | (2,340,043) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 220,259,677 | | | | | | 10,070,844 | | | | | | 24,234,941 | | | | | | 4,615,525 | | |
Cost of shares redeemed | | | | | (10,200,283) | | | | | | (3,837,002) | | | | | | (7,741,620) | | | | | | (216,562,479) | | |
Net increase (decrease) from capital share transactions | | | | | 210,059,394 | | | | | | 6,233,842 | | | | | | 16,493,321 | | | | | | (211,946,954) | | |
Total increase (decrease) in net assets | | | | | 214,456,339 | | | | | | 6,033,747 | | | | | | 29,404,651 | | | | | | (245,446,474) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 6,033,747 | | | | | | — | | | | | | 103,108,248 | | | | | | 348,554,722 | | |
End of period | | | | $ | 220,490,086 | | | | | $ | 6,033,747 | | | | | $ | 132,512,899 | | | | | $ | 103,108,248 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 250,000 | | | | | | — | | | | | | 5,150,000 | | | | | | 13,550,000 | | |
Shares created | | | | | 7,950,000 | | | | | | 400,000 | | | | | | 1,050,000 | | | | | | 200,000 | | |
Shares redeemed | | | | | (350,000) | | | | | | (150,000) | | | | | | (350,000) | | | | | | (8,600,000) | | |
Shares outstanding, end of period | | | | | 7,850,000 | | | | | | 250,000 | | | | | | 5,850,000 | | | | | | 5,150,000 | | |
| | | IQ Chaikin U.S. Large Cap ETF | | |||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | ||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | |
Net investment income | | | | $ | 1,946,862 | | | | | $ | 6,114,254 | | |
Net realized gain (loss) | | | | | 998,631 | | | | | | (43,036,686) | | |
Net change in net unrealized appreciation (depreciation) | | | | | 25,353,192 | | | | | | 18,023,957 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 28,298,685 | | | | | | (18,898,475) | | |
Distributions to Shareholders | | | | | (1,935,587) | | | | | | (6,034,101) | | |
Capital Share Transactions | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 2,542,530 | | | | | | 168,898,124 | | |
Cost of shares redeemed | | | | | (5,783,009) | | | | | | (201,747,345) | | |
Net increase (decrease) from capital share transactions | | | | | (3,240,479) | | | | | | (32,849,221) | | |
Total increase (decrease) in net assets | | | | | 23,122,619 | | | | | | (57,781,797) | | |
Net Assets | | | | | | | | | | | | | |
Beginning of period | | | | | 220,629,793 | | | | | | 278,411,590 | | |
End of period | | | | $ | 243,752,412 | | | | | $ | 220,629,793 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 10,050,000 | | | | | | 11,250,000 | | |
Shares created | | | | | 100,000 | | | | | | 6,800,000 | | |
Shares redeemed | | | | | (250,000) | | | | | | (8,000,000) | | |
Shares outstanding, end of period | | | | | 9,900,000 | | | | | | 10,050,000 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 29.41 | | | | | $ | 30.29 | | | | | $ | 30.39 | | | | | $ | 29.15 | | | | | $ | 29.03 | | | | | $ | 30.01 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.23 | | | | | | 0.75 | | | | | | 0.72 | | | | | | 0.56 | | | | | | 0.50 | | | | | | 0.43 | | |
Net realized and unrealized gain (loss) | | | | | 1.24 | | | | | | (1.04) | | | | | | (0.27) | | | | | | 0.68 | | | | | | (0.38) | | | | | | (1.30) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | 0.00(c) | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | 0.03 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.47 | | | | | | (0.29) | | | | | | 0.45 | | | | | | 1.24 | | | | | | 0.12 | | | | | | (0.84) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.59) | | | | | | (0.55) | | | | | | — | | | | | | (0.00)(d) | | | | | | (0.14) | | |
Net asset value, end of period | | | | $ | 30.88 | | | | | $ | 29.41 | | | | | $ | 30.29 | | | | | $ | 30.39 | | | | | $ | 29.15 | | | | | $ | 29.03 | | |
Market price, end of period | | | | $ | 30.86 | | | | | $ | 29.34 | | | | | $ | 30.28 | | | | | $ | 30.38 | | | | | $ | 29.15 | | | | | $ | 29.06 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | 4.99% | | | | | | (1.04)% | | | | | | 1.56% | | | | | | 4.24% | | | | | | 0.42% | | | | | | (2.80)% | | |
Total investment return based on market price(f) | | | | | 5.18% | | | | | | (1.26)% | | | | | | 1.56% | | | | | | 4.22% | | | | | | 0.31% | | | | | | (2.67)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 736,406 | | | | | $ | 739,660 | | | | | $ | 993,422 | | | | | $ | 1,124,278 | | | | | $ | 1,062,579 | | | | | $ | 1,074,120 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.54%(h) | | | | | | 0.54% | | | | | | 0.54% | | | | | | 0.64% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.76%(h) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 1.48%(h) | | | | | | 2.49% | | | | | | 2.40% | | | | | | 1.87% | | | | | | 1.72% | | | | | | 1.48% | | |
Portfolio turnover rate(i) | | | | | 91% | | | | | | 166% | | | | | | 137% | | | | | | 164% | | | | | | 285% | | | | | | 312% | | |
| | | IQ Hedge Macro Tracker ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 25.52 | | | | | $ | 26.26 | | | | | $ | 26.35 | | | | | $ | 25.46 | | | | | $ | 24.66 | | | | | $ | 25.69 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.19 | | | | | | 0.56 | | | | | | 0.44 | | | | | | 0.39 | | | | | | 0.37 | | | | | | 0.46 | | |
Net realized and unrealized gain (loss) | | | | | 1.79 | | | | | | (0.94) | | | | | | (0.25) | | | | | | 0.50 | | | | | | 0.43 | | | | | | (1.27) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | 0.05 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.98 | | | | | | (0.38) | | | | | | 0.19 | | | | | | 0.89 | | | | | | 0.80 | | | | | | (0.76) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.36) | | | | | | (0.28) | | | | | | — | | | | | | — | | | | | | (0.27) | | |
Net asset value, end of period | | | | $ | 27.50 | | | | | $ | 25.52 | | | | | $ | 26.26 | | | | | $ | 26.35 | | | | | $ | 25.46 | | | | | $ | 24.66 | | |
Market price, end of period | | | | $ | 27.49 | | | | | $ | 25.36 | | | | | $ | 26.24 | | | | | $ | 26.34 | | | | | $ | 25.44 | | | | | $ | 24.80 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 7.78% | | | | | | (1.51)% | | | | | | 0.77% | | | | | | 3.50% | | | | | | 3.25% | | | | | | (2.97)% | | |
Total investment return based on market price(e) | | | | | 8.40% | | | | | | (2.04)% | | | | | | 0.74% | | | | | | 3.54% | | | | | | 2.58% | | | | | | (2.60)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 4,125 | | | | | $ | 3,827 | | | | | $ | 5,251 | | | | | $ | 6,588 | | | | | $ | 6,365 | | | | | $ | 14,794 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.41%(g) | | | | | | 0.54% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76%(g) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 1.37%(g) | | | | | | 2.13% | | | | | | 1.70% | | | | | | 1.47% | | | | | | 1.50% | | | | | | 1.86% | | |
Portfolio turnover rate(h) | | | | | 58% | | | | | | 104% | | | | | | 82% | | | | | | 152% | | | | | | 68% | | | | | | 99% | | |
| | | IQ Hedge Market Neutral Tracker ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 25.65 | | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.49 | | | | | $ | 25.53 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.21 | | | | | | 0.62 | | | | | | 0.55 | | | | | | 0.41 | | | | | | 0.36 | | | | | | 0.27 | | |
Net realized and unrealized gain (loss) | | | | | 0.79 | | | | | | (0.76) | | | | | | 0.10 | | | | | | (0.08) | | | | | | (0.25) | | | | | | (0.33) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.02 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.00 | | | | | | (0.14) | | | | | | 0.65 | | | | | | 0.33 | | | | | | 0.11 | | | | | | (0.04) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.44) | | | | | | — | | | | | | — | | | | | | (0.35) | | | | | | — | | |
Net asset value, end of period | | | | $ | 26.65 | | | | | $ | 25.65 | | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.49 | | |
Market price, end of period | | | | $ | 26.65 | | | | | $ | 25.63 | | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.43 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 3.90% | | | | | | (0.62)% | | | | | | 2.56% | | | | | | 1.29% | | | | | | 0.44% | | | | | | (0.15)% | | |
Total investment return based on market price(e) | | | | | 3.98% | | | | | | (0.69)% | | | | | | 2.54% | | | | | | 1.31% | | | | | | 0.67% | | | | | | 0.27% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 15,992 | | | | | $ | 17,956 | | | | | $ | 15,741 | | | | | $ | 12,790 | | | | | $ | 11,364 | | | | | $ | 15,294 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.41%(g) | | | | | | 0.53% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76%(g) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 1.60%(g) | | | | | | 2.36% | | | | | | 2.15% | | | | | | 1.61% | | | | | | 1.40% | | | | | | 1.09% | | |
Portfolio turnover rate(h) | | | | | 55% | | | | | | 77% | | | | | | 107% | | | | | | 165% | | | | | | 99% | | | | | | 135% | | |
| | | IQ Hedge Long/Short Tracker ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 21.40 | | | | | $ | 21.53 | | | | | $ | 21.91 | | | | | $ | 20.36 | | | | | $ | 18.88 | | | | | $ | 19.93 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.21 | | | | | | 0.51 | | | | | | 0.44 | | | | | | 0.41 | | | | | | 0.35 | | | | | | 0.41 | | |
Net realized and unrealized gain (loss) | | | | | 1.76 | | | | | | (0.29) | | | | | | 0.13 | | | | | | 1.22 | | | | | | 1.19 | | | | | | (1.10) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.97 | | | | | | 0.22 | | | | | | 0.57 | | | | | | 1.63 | | | | | | 1.54 | | | | | | (0.69) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.35) | | | | | | (0.95) | | | | | | (0.08) | | | | | | (0.06) | | | | | | (0.36) | | |
Net asset value, end of period | | | | $ | 23.37 | | | | | $ | 21.40 | | | | | $ | 21.53 | | | | | $ | 21.91 | | | | | $ | 20.36 | | | | | $ | 18.88 | | |
Market price, end of period | | | | $ | 23.37 | | | | | $ | 21.52 | | | | | $ | 21.54 | | | | | $ | 21.93 | | | | | $ | 20.34 | | | | | $ | 18.72 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 9.22% | | | | | | 0.93% | | | | | | 3.07% | | | | | | 8.02% | | | | | | 8.18% | | | | | | (3.46)% | | |
Total investment return based on market price(e) | | | | | 8.60% | | | | | | 1.46% | | | | | | 2.91% | | | | | | 8.23% | | | | | | 8.98% | | | | | | (8.23)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 8,180 | | | | | $ | 10,699 | | | | | $ | 6,459 | | | | | $ | 8,764 | | | | | $ | 4,072 | | | | | $ | 1,888 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.41%(g) | | | | | | 0.51% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.77% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76%(g) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.77% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 1.80%(g) | | | | | | 2.35% | | | | | | 2.06% | | | | | | 1.89% | | | | | | 1.78% | | | | | | 2.15% | | |
Portfolio turnover rate(h) | | | | | 76% | | | | | | 136% | | | | | | 95% | | | | | | 77% | | | | | | 147% | | | | | | 94% | | |
| | | IQ Hedge Event-Driven Tracker ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 20.88 | | | | | $ | 21.26 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.40 | | | | | $ | 20.01 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.27 | | | | | | 0.73 | | | | | | 0.74 | | | | | | 0.55 | | | | | | 0.56 | | | | | | 0.54 | | |
Net realized and unrealized gain (loss) | | | | | 1.52 | | | | | | (0.66) | | | | | | 0.46 | | | | | | 0.26 | | | | | | 1.09 | | | | | | (1.03) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.23 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.79 | | | | | | 0.07 | | | | | | 1.20 | | | | | | 0.81 | | | | | | 1.65 | | | | | | (0.26) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.45) | | | | | | (0.87) | | | | | | (0.47) | | | | | | (0.46) | | | | | | (0.35) | | |
Net asset value, end of period | | | | $ | 22.67 | | | | | $ | 20.88 | | | | | $ | 21.26 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.40 | | |
Market price, end of period | | | | $ | 22.66 | | | | | $ | 20.86 | | | | | $ | 21.27 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.43 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 8.56% | | | | | | 0.25% | | | | | | 6.12% | | | | | | 3.93% | | | | | | 8.58% | | | | | | (1.26)% | | |
Total investment return based on market price(e) | | | | | 8.63% | | | | | | 0.11% | | | | | | 6.13% | | | | | | 3.94% | | | | | | 8.44% | | | | | | (1.04)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 4,534 | | | | | $ | 8,354 | | | | | $ | 4,253 | | | | | $ | 3,139 | | | | | $ | 3,088 | | | | | $ | 1,940 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.41%(g) | | | | | | 0.50% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.79% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76%(g) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.79% | | |
Net investment income (loss)(b) | | | | | 2.39%(g) | | | | | | 3.48% | | | | | | 3.54% | | | | | | 2.64% | | | | | | 2.80% | | | | | | 2.81% | | |
Portfolio turnover rate(h) | | | | | 48% | | | | | | 77% | | | | | | 34% | | | | | | 41% | | | | | | 68% | | | | | | 16% | | |
| | | IQ Real Return ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 26.94 | | | | | $ | 27.83 | | | | | $ | 27.47 | | | | | $ | 27.25 | | | | | $ | 26.73 | | | | | $ | 26.70 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.10 | | | | | | 0.54 | | | | | | 0.49 | | | | | | 0.30 | | | | | | 0.22 | | | | | | 0.09 | | |
Net realized and unrealized gain (loss) | | | | | 0.12 | | | | | | (0.84) | | | | | | 0.22 | | | | | | 0.21 | | | | | | 0.30 | | | | | | (0.06) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | 0.00(c) | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.22 | | | | | | (0.30) | | | | | | 0.71 | | | | | | 0.51 | | | | | | 0.52 | | | | | | 0.03 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.59) | | | | | | (0.35) | | | | | | (0.29) | | | | | | — | | | | | | (0.00)(d) | | |
Net asset value, end of period | | | | $ | 27.16 | | | | | $ | 26.94 | | | | | $ | 27.83 | | | | | $ | 27.47 | | | | | $ | 27.25 | | | | | $ | 26.73 | | |
Market price, end of period | | | | $ | 27.15 | | | | | $ | 26.86 | | | | | $ | 27.80 | | | | | $ | 27.47 | | | | | $ | 27.27 | | | | | $ | 26.72 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | 0.81% | | | | | | (1.13)% | | | | | | 2.64% | | | | | | 1.89% | | | | | | 1.94% | | | | | | 0.11% | | |
Total investment return based on market price(f) | | | | | 1.08% | | | | | | (1.33)% | | | | | | 2.53% | | | | | | 1.81% | | | | | | 2.06% | | | | | | (0.32)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 51,603 | | | | | $ | 51,188 | | | | | $ | 57,046 | | | | | $ | 45,319 | | | | | $ | 28,608 | | | | | $ | 26,727 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.21%(h) | | | | | | 0.21% | | | | | | 0.37% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.49%(h) | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | |
Net investment income (loss)(b) | | | | | 0.72%(h) | | | | | | 1.95% | | | | | | 1.77% | | | | | | 1.10% | | | | | | 0.82% | | | | | | 0.33% | | |
Portfolio turnover rate(i) | | | | | 32% | | | | | | 68% | | | | | | 97% | | | | | | 101% | | | | | | 71% | | | | | | 109% | | |
| | | IQ Enhanced Core Plus Bond U.S. ETF | | |||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | | For the Period May 10, 2016(a) to April 30, 2017 | | |||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 20.00 | | | | | $ | 19.20 | | | | | $ | 19.09 | | | | | $ | 19.98 | | | | | $ | 20.00 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.19 | | | | | | 0.57 | | | | | | 0.57 | | | | | | 0.61 | | | | | | 0.53 | | |
Net realized and unrealized gain (loss) | | | | | (0.37) | | | | | | 0.78 | | | | | | 0.10 | | | | | | (0.88) | | | | | | (0.03) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.01 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.18) | | | | | | 1.35 | | | | | | 0.67 | | | | | | (0.27) | | | | | | 0.51 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.19) | | | | | | (0.55) | | | | | | (0.56) | | | | | | (0.62) | | | | | | (0.53) | | |
Net asset value, end of period | | | | $ | 19.63 | | | | | $ | 20.00 | | | | | $ | 19.20 | | | | | $ | 19.09 | | | | | $ | 19.98 | | |
Market price, end of period | | | | $ | 19.63 | | | | | $ | 20.00 | | | | | $ | 19.18 | | | | | $ | 19.07 | | | | | $ | 19.99 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (0.87)% | | | | | | 7.11% | | | | | | 3.63% | | | | | | (1.44)% | | | | | | 2.57% | | |
Total investment return based on market price(e) | | | | | (0.89)% | | | | | | 7.24% | | | | | | 3.59% | | | | | | (1.56)% | | | | | | 2.61%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 26,503 | | | | | $ | 68,992 | | | | | $ | 156,494 | | | | | $ | 333,990 | | | | | $ | 230,787 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.20%(h) | | | | | | 0.21% | | | | | | 0.21% | | | | | | 0.21% | | | | | | 0.20%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.26%(h) | | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.25%(h) | | |
Net investment income (loss)(c) | | | | | 1.93%(h) | | | | | | 2.90% | | | | | | 2.99% | | | | | | 3.09% | | | | | | 2.73%(h) | | |
Portfolio turnover rate(i) | | | | | 102% | | | | | | 291% | | | | | | 411% | | | | | | 269% | | | | | | 147% | | |
| | | IQ S&P High Yield Low Volatility Bond ETF | | |||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | | For the Period February 15, 2017(a) to April 30, 2017 | | |||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 23.86 | | | | | $ | 24.76 | | | | | $ | 24.36 | | | | | $ | 25.20 | | | | | $ | 25.00 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.49 | | | | | | 1.01 | | | | | | 1.07 | | | | | | 0.99 | | | | | | 0.20 | | |
Net realized and unrealized gain (loss) | | | | | 0.88 | | | | | | (0.81) | | | | | | 0.41 | | | | | | (0.88) | | | | | | 0.10 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.37 | | | | | | 0.20 | | | | | | 1.48 | | | | | | 0.11 | | | | | | 0.30 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.49) | | | | | | (1.10) | | | | | | (1.08) | | | | | | (0.95) | | | | | | (0.10) | | |
Net asset value, end of period | | | | $ | 24.74 | | | | | $ | 23.86 | | | | | $ | 24.76 | | | | | $ | 24.36 | | | | | $ | 25.20 | | |
Market price, end of period | | | | $ | 24.85 | | | | | $ | 24.03 | | | | | $ | 24.78 | | | | | $ | 24.32 | | | | | $ | 25.34 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 5.77% | | | | | | 0.71% | | | | | | 6.31% | | | | | | 0.39% | | | | | | 1.40% | | |
Total investment return based on market price(e) | | | | | 5.50% | | | | | | 1.34% | | | | | | 6.56% | | | | | | (0.36)% | | | | | | 1.93%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | |
Net assets, end of period (000’s omitted) | | | | $ | 107,639 | | | | | $ | 51,295 | | | | | $ | 65,626 | | | | | $ | 107,192 | | | | | $ | 49,145 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.40%(h) | | | | | | 0.40% | | | | | | 0.40% | | | | | | 0.40% | | | | | | 0.40%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.41%(h) | | | | | | 0.41% | | | | | | 0.41% | | | | | | 0.41% | | | | | | 0.41%(h) | | |
Net investment income (loss)(c) | | | | | 3.95%(h) | | | | | | 4.04% | | | | | | 4.42% | | | | | | 3.97% | | | | | | 4.05%(h) | | |
Portfolio turnover rate(i) | | | | | 58% | | | | | | 105% | | | | | | 83% | | | | | | 75% | | | | | | 15% | | |
| | | IQ Merger Arbitrage ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 31.53 | | | | | $ | 31.50 | | | | | $ | 30.72 | | | | | $ | 30.21 | | | | | $ | 28.44 | | | | | $ | 28.92 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.02 | | | | | | 0.14 | | | | | | 0.07 | | | | | | 0.10 | | | | | | 0.24(c) | | | | | | 0.02 | | |
Net realized and unrealized gain (loss) | | | | | 2.67 | | | | | | (0.11) | | | | | | 0.71 | | | | | | 0.41(d) | | | | | | 1.59 | | | | | | (0.25) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | 0.00(e) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 2.69 | | | | | | 0.03 | | | | | | 0.78 | | | | | | 0.51 | | | | | | 1.83 | | | | | | (0.23) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (0.06) | | | | | | (0.25) | | |
Net asset value, end of period | | | | $ | 34.22 | | | | | $ | 31.53 | | | | | $ | 31.50 | | | | | $ | 30.72 | | | | | $ | 30.21 | | | | | $ | 28.44 | | |
Market price, end of period | | | | $ | 34.17 | | | | | $ | 31.45 | | | | | $ | 31.48 | | | | | $ | 30.75 | | | | | $ | 30.27 | | | | | $ | 28.51 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(f) | | | | | 8.54% | | | | | | 0.10% | | | | | | 2.52% | | | | | | 1.69% | | | | | | 6.45% | | | | | | (0.79)% | | |
Total investment return based on market price(g) | | | | | 8.65% | | | | | | (0.10)% | | | | | | 2.37% | | | | | | 1.59% | | | | | | 6.39% | | | | | | (0.73)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 744,347 | | | | | $ | 723,582 | | | | | $ | 985,800 | | | | | $ | 525,386 | | | | | $ | 188,833 | | | | | $ | 139,367 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(h) | | | | | 0.76%(i) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 0.12%(i) | | | | | | 0.42% | | | | | | 0.21% | | | | | | 0.34% | | | | | | 0.82%(c) | | | | | | 0.09% | | |
Portfolio turnover rate(j) | | | | | 160% | | | | | | 308% | | | | | | 337% | | | | | | 329% | | | | | | 268% | | | | | | 272% | | |
| | | IQ Global Resources ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 24.16 | | | | | $ | 26.97 | | | | | $ | 27.76 | | | | | $ | 25.82 | | | | | $ | 24.70 | | | | | $ | 27.18 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.44 | | | | | | 0.66 | | | | | | 0.65 | | | | | | 0.68 | | | | | | 0.33 | | | | | | 0.56 | | |
Net realized and unrealized gain (loss) | | | | | 0.53 | | | | | | (3.00) | | | | | | (1.24) | | | | | | 1.26 | | | | | | 0.89 | | | | | | (2.48) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | 0.00(c) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.97 | | | | | | (2.34) | | | | | | (0.59) | | | | | | 1.94 | | | | | | 1.22 | | | | | | (1.92) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | (0.47) | | | | | | (0.20) | | | | | | — | | | | | | (0.10) | | | | | | (0.56) | | |
Net asset value, end of period | | | | $ | 25.13 | | | | | $ | 24.16 | | | | | $ | 26.97 | | | | | $ | 27.76 | | | | | $ | 25.82 | | | | | $ | 24.70 | | |
Market price, end of period | | | | $ | 25.16 | | | | | $ | 23.99 | | | | | $ | 27.06 | | | | | $ | 27.65 | | | | | $ | 25.95 | | | | | $ | 24.78 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 4.01% | | | | | | (8.89)% | | | | | | (2.08)% | | | | | | 7.50% | | | | | | 4.94% | | | | | | (6.71)%(e) | | |
Total investment return based on market price(f) | | | | | 4.88% | | | | | | (9.81)% | | | | | | (1.38)% | | | | | | 6.55% | | | | | | 5.13% | | | | | | (6.41)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 20,100 | | | | | $ | 22,948 | | | | | $ | 175,312 | | | | | $ | 238,712 | | | | | $ | 179,450 | | | | | $ | 67,924 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(g) | | | | | 0.76%(h) | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 3.45%(h) | | | | | | 2.48% | | | | | | 2.37% | | | | | | 2.51% | | | | | | 1.29% | | | | | | 2.39% | | |
Portfolio turnover rate(i) | | | | | 47% | | | | | | 100% | | | | | | 132% | | | | | | 235% | | | | | | 199% | | | | | | 325% | | |
| | | IQ U.S. Real Estate Small Cap ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | ||||||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 17.32 | | | | | $ | 25.13 | | | | | $ | 24.14 | | | | | $ | 27.14 | | | | | $ | 25.14 | | | | | $ | 26.77 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.37 | | | | | | 0.66 | | | | | | 0.79 | | | | | | 0.88 | | | | | | 0.71 | | | | | | 0.90 | | |
Net realized and unrealized gain (loss) | | | | | (0.35) | | | | | | (7.16) | | | | | | 1.81 | | | | | | (2.53) | | | | | | 2.88 | | | | | | (1.09) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.02 | | | | | | (6.50) | | | | | | 2.60 | | | | | | (1.65) | | | | | | 3.59 | | | | | | (0.19) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.42) | | | | | | (0.62) | | | | | | (0.78) | | | | | | (0.85) | | | | | | (0.71) | | | | | | (0.88) | | |
Return of capital | | | | | — | | | | | | (0.69) | | | | | | (0.83) | | | | | | (0.50) | | | | | | (0.88) | | | | | | (0.56) | | |
Total distributions from net investment income and return of capital | | | | | (0.42) | | | | | | (1.31) | | | | | | (1.61) | | | | | | (1.35) | | | | | | (1.59) | | | | | | (1.44) | | |
Net asset value, end of period | | | | $ | 16.92 | | | | | $ | 17.32 | | | | | $ | 25.13 | | | | | $ | 24.14 | | | | | $ | 27.14 | | | | | $ | 25.14 | | |
Market price, end of period | | | | $ | 16.92 | | | | | $ | 17.30 | | | | | $ | 25.12 | | | | | $ | 24.12 | | | | | $ | 27.15 | | | | | $ | 25.10 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 0.07% | | | | | | (27.15)% | | | | | | 11.16% | | | | | | (6.37)% | | | | | | 14.60% | | | | | | (0.51)% | | |
Total investment return based on market price(e) | | | | | 0.20% | | | | | | (27.21)% | | | | | | 11.24% | | | | | | (6.49)% | | | | | | 14.79% | | | | | | (0.83)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 34,680 | | | | | $ | 40,702 | | | | | $ | 71,615 | | | | | $ | 82,089 | | | | | $ | 114,001 | | | | | $ | 76,663 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(f) | | | | | 0.70%(g) | | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | |
Net investment income (loss)(b) | | | | | 4.13%(g) | | | | | | 2.72% | | | | | | 3.11% | | | | | | 3.36% | | | | | | 2.64% | | | | | | 3.62% | | |
Portfolio turnover rate(h) | | | | | 22% | | | | | | 26% | | | | | | 26% | | | | | | 27% | | | | | | 28% | | | | | | 28% | | |
| | | IQ 500 International ETF | | |||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, 2020 | | | For the Period December 13, 2018(a) to April 30, 2019 | | |||||||||
Net asset value, beginning of period | | | | $ | 22.29 | | | | | $ | 27.64 | | | | | $ | 25.50 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.35 | | | | | | 0.72 | | | | | | 0.39 | | |
Net realized and unrealized gain (loss) | | | | | 1.25 | | | | | | (5.40) | | | | | | 1.77 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.60 | | | | | | (4.68) | | | | | | 2.16 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.35) | | | | | | (0.67) | | | | | | (0.02) | | |
Net asset value, end of period | | | | $ | 23.54 | | | | | $ | 22.29 | | | | | $ | 27.64 | | |
Market price, end of period | | | | $ | 23.59 | | | | | $ | 22.10 | | | | | $ | 27.65 | | |
Total Return | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 7.15% | | | | | | (17.33)% | | | | | | 8.47% | | |
Total investment return based on market price(e) | | | | | 8.32% | | | | | | (18.07)% | | | | | | 8.52% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 215,399 | | | | | $ | 218,451 | | | | | $ | 85,675 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.25%(g) | | | | | | 0.25% | | | | | | 0.25%(g) | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.26%(g) | | | | | | 0.26% | | | | | | 0.26%(g) | | |
Net investment income (loss)(c) | | | | | 2.86%(g) | | | | | | 2.81% | | | | | | 3.90%(g) | | |
Portfolio turnover rate(h) | | | | | 8% | | | | | | 13% | | | | | | 0% | | |
| | | IQ 50 Percent Hedged FTSE International ETF | | |||||||||||||||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | | For the Period July 22, 2015(a) to April 30, 2016 | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | ||||||||||||||||||||||||
Net asset value, beginning of period | | | | $ | 18.02 | | | | | $ | 20.59 | | | | | $ | 21.63 | | | | | $ | 19.68 | | | | | $ | 17.68 | | | | | $ | 19.94 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.22 | | | | | | 0.56 | | | | | | 0.62 | | | | | | 0.60 | | | | | | 0.46 | | | | | | 0.37 | | |
Net realized and unrealized gain (loss) | | | | | 1.09 | | | | | | (2.51) | | | | | | (0.77) | | | | | | 1.89 | | | | | | 2.18 | | | | | | (2.42) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.31 | | | | | | (1.95) | | | | | | (0.15) | | | | | | 2.49 | | | | | | 2.64 | | | | | | (2.05) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.24) | | | | | | (0.62) | | | | | | (0.70) | | | | | | (0.54) | | | | | | (0.44) | | | | | | (0.21) | | |
Net realized gain | | | | | — | | | | | | — | | | | | | (0.19) | | | | | | 0.00(d) | | | | | | (0.20) | | | | | | — | | |
Total distributions from net investment income and realized gains | | | | | (0.24) | | | | | | (0.62) | | | | | | (0.89) | | | | | | (0.54) | | | | | | (0.64) | | | | | | (0.21) | | |
Net asset value, end of period | | | | $ | 19.09 | | | | | $ | 18.02 | | | | | $ | 20.59 | | | | | $ | 21.63 | | | | | $ | 19.68 | | | | | $ | 17.68 | | |
Market price, end of period | | | | $ | 19.15 | | | | | $ | 17.83 | | | | | $ | 20.65 | | | | | $ | 21.60 | | | | | $ | 19.75 | | | | | $ | 17.59 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | 7.28% | | | | | | (9.74)% | | | | | | (0.42)% | | | | | | 12.84% | | | | | | 15.29% | | | | | | (10.33)% | | |
Total investment return based on market price(f) | | | | | 8.75% | | | | | | (10.94)% | | | | | | (0.03)% | | | | | | 12.28% | | | | | | 16.28% | | | | | | (10.77)%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 250,122 | | | | | $ | 249,575 | | | | | $ | 281,079 | | | | | $ | 578,517 | | | | | $ | 208,595 | | | | | $ | 76,010 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.20%(i) | | | | | | 0.20% | | | | | | 0.20% | | | | | | 0.22% | | | | | | 0.36% | | | | | | 0.36%(i) | | |
Expenses excluding waivers/ reimbursements(h) | | | | | 0.36%(i) | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36%(i) | | |
Net investment income (loss)(c) | | | | | 2.26%(i) | | | | | | 2.78% | | | | | | 3.03% | | | | | | 2.87% | | | | | | 2.55% | | | | | | 2.71%(i) | | |
Portfolio turnover rate(j) | | | | | 6% | | | | | | 8% | | | | | | 13% | | | | | | 10% | | | | | | 8% | | | | | | 7% | | |
| | | IQ Candriam ESG International Equity ETF | | |||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Period December 17, 2019(a) to April 30, 2020 | | ||||||
Net asset value, beginning of period | | | | $ | 21.00 | | | | | $ | 25.19 | | |
Income from Investment Operations | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.27 | | | | | | 0.26 | | |
Net realized and unrealized gain (loss) | | | | | 1.81 | | | | | | (4.34) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 2.08 | | | | | | (4.08) | | |
Distributions from: | | | | ||||||||||
Net investment income | | | | | (0.20) | | | | | | (0.11) | | |
Net asset value, end of period | | | | $ | 22.88 | | | | | $ | 21.00 | | |
Market price, end of period | | | | $ | 22.98 | | | | | $ | 20.87 | | |
Total Return | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 9.93% | | | | | | (16.18)% | | |
Total investment return based on market price(e) | | | | | 11.08% | | | | | | (16.68)%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 101,825 | | | | | $ | 46,196 | | |
Ratio to average net assets of: | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.15%(h) | | | | | | 0.15%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.16%(h) | | | | | | 0.16%(h) | | |
Net investment income (loss)(c) | | | | | 2.31%(h) | | | | | | 3.20%(h) | | |
Portfolio turnover rate(i) | | | | | 4% | | | | | | 3% | | |
| | | IQ Candriam ESG U.S. Equity ETF | | |||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Period December 17, 2019(a) to April 30, 2020 | | ||||||
Net asset value, beginning of period | | | | $ | 24.13 | | | | | $ | 25.18 | | |
Income from Investment Operations | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.01 | | | | | | 0.15 | | |
Net realized and unrealized gain (loss) | | | | | 4.07 | | | | | | (1.08) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 4.08 | | | | | | (0.93) | | |
Distributions from: | | | | | | | | | | | | | |
Net investment income | | | | | (0.12) | | | | | | (0.12) | | |
Net asset value, end of period | | | | $ | 28.09 | | | | | $ | 24.13 | | |
Market price, end of period | | | | $ | 28.10 | | | | | $ | 24.12 | | |
Total Return | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 16.90% | | | | | | (3.59)% | | |
Total investment return based on market price(e) | | | | | 17.03% | | | | | | (3.64)%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 220,490 | | | | | $ | 6,034 | | |
Ratio to average net assets of: | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.09%(h) | | | | | | 0.09%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.10%(h) | | | | | | 0.11%(h) | | |
Net investment income (loss)(c) | | | | | 1.34%(h) | | | | | | 1.67%(h) | | |
Portfolio turnover rate(i) | | | | | 1% | | | | | | 12% | | |
| | | IQ Chaikin U.S. Small Cap ETF | | |||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | | For the Period May 16, 2017(a) to April 30, 2018 | | |||||||||||||||
| | | 2020 | | | 2019 | | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 20.02 | | | | | $ | 25.72 | | | | | $ | 27.13 | | | | | $ | 25.16 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.01 | | | | | | 0.28 | | | | | | 0.27 | | | | | | 0.16 | | |
Net realized and unrealized gain (loss) | | | | | 2.75 | | | | | | (5.72) | | | | | | (1.39) | | | | | | 1.93 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 2.76 | | | | | | (5.44) | | | | | | (1.12) | | | | | | 2.09 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.13) | | | | | | (0.26) | | | | | | (0.29) | | | | | | (0.12) | | |
Net asset value, end of period | | | | $ | 22.65 | | | | | $ | 20.02 | | | | | $ | 25.72 | | | | | $ | 27.13 | | |
Market price, end of period | | | | $ | 22.66 | | | | | $ | 20.02 | | | | | $ | 25.72 | | | | | $ | 27.14 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 13.85% | | | | | | (21.35)% | | | | | | (4.10)% | | | | | | 8.33% | | |
Total investment return based on market price(e) | | | | | 13.90% | | | | | | (21.34)% | | | | | | (4.14)% | | | | | | 8.36%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 132,513 | | | | | $ | 103,108 | | | | | $ | 348,555 | | | | | $ | 465,347 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.35%(h) | | | | | | 0.35% | | | | | | 0.35% | | | | | | 0.35%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.36%(h) | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36%(h) | | |
Net investment income (loss)(c) | | | | | 1.52%(h) | | | | | | 1.14% | | | | | | 1.01% | | | | | | 0.61%(h) | | |
Portfolio turnover rate(i) | | | | | 1% | | | | | | 43% | | | | | | 57% | | | | | | 106% | | |
| | | IQ Chaikin U.S. Large Cap ETF | | |||||||||||||||||||||
| | | For the Six Months Ended October 31, 2020 (unaudited) | | | For the Year Ended April 30, | | | For the Period December 13, 2017(a) to April 30, 2018 | | |||||||||||||||
| | | 2020 | | | 2019 | | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 21.95 | | | | | $ | 24.75 | | | | | $ | 25.30 | | | | | $ | 25.05 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.20 | | | | | | 0.58 | | | | | | 0.48 | | | | | | 0.15 | | |
Net realized and unrealized gain (loss) | | | | | 2.67 | | | | | | (2.80) | | | | | | (0.53) | | | | | | 0.18(d) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 2.87 | | | | | | (2.22) | | | | | | (0.05) | | | | | | 0.33 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.20) | | | | | | (0.58) | | | | | | (0.50) | | | | | | (0.08) | | |
Net asset value, end of period | | | | $ | 24.62 | | | | | $ | 21.95 | | | | | $ | 24.75 | | | | | $ | 25.30 | | |
Market price, end of period | | | | $ | 24.64 | | | | | $ | 21.92 | | | | | $ | 24.75 | | | | | $ | 25.30 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | 13.09% | | | | | | (9.04)% | | | | | | (0.13)% | | | | | | 1.31% | | |
Total investment return based on market price(f) | | | | | 13.35% | | | | | | (9.18)% | | | | | | (0.13)% | | | | | | 1.32%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 243,752 | | | | | $ | 220,630 | | | | | $ | 278,412 | | | | | $ | 320,000 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.25%(i) | | | | | | 0.25% | | | | | | 0.25% | | | | | | 0.25%(i) | | |
Expenses excluding waivers/reimbursements(h) | | | | | 0.26%(i) | | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.26%(i) | | |
Net investment income (loss)(c) | | | | | 1.61%(i) | | | | | | 2.35% | | | | | | 1.97% | | | | | | 1.59%(i) | | |
Portfolio turnover rate(j) | | | | | 0% | | | | | | 58% | | | | | | 52% | | | | | | 94% | | |
| Funds | | | Diversification Policy | | | Commencement of Operations Date | |
| IQ Hedge Multi-Strategy Tracker ETF* | | | Diversified | | | March 25, 2009 | |
| IQ Hedge Macro Tracker ETF* | | | Diversified | | | June 9, 2009 | |
| IQ Hedge Market Neutral Tracker ETF* | | | Diversified | | | October 4, 2012 | |
| IQ Hedge Long/Short Tracker ETF* | | | Diversified | | | March 24, 2015 | |
| IQ Hedge Event-Driven Tracker ETF* | | | Diversified | | | March 24, 2015 | |
| IQ Real Return ETF* | | | Diversified | | | October 27, 2009 | |
| IQ Enhanced Core Plus Bond U.S. ETF* | | | Diversified | | | May 10, 2016 | |
| IQ S&P High Yield Low Volatility Bond ETF | | | Diversified | | | February 15, 2017 | |
| IQ Merger Arbitrage ETF | | | Non-diversified | | | November 17, 2009 | |
| IQ Global Resources ETF | | | Non-diversified | | | October 27, 2009 | |
| IQ U.S. Real Estate Small Cap ETF | | | Non-diversified | | | June 14, 2011 | |
| IQ 500 International ETF | | | Diversified | | | December 13, 2018 | |
| IQ 50 Percent Hedged FTSE International ETF | | | Diversified | | | July 22, 2015 | |
| IQ Candriam ESG International Equity ETF | | | Diversified | | | December 17, 2019 | |
| IQ Candriam ESG U.S. Equity ETF | | | Diversified | | | December 17, 2019 | |
| IQ Chaikin U.S. Small Cap ETF | | | Diversified | | | May 16, 2017 | |
| IQ Chaikin U.S. Large Cap ETF | | | Diversified | | | December 13, 2017 | |
| Fund | | | Underlying Index | |
| IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Multi-Strategy Index | |
| IQ Hedge Macro Tracker ETF | | | IQ Hedge Macro Index | |
| IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Market Neutral Index | |
| IQ Hedge Long/Short Tracker ETF | | | IQ Hedge Long/Short Index | |
| IQ Hedge Event-Driven Tracker ETF | | | IQ Hedge Event-Driven Index | |
| IQ Real Return ETF | | | IQ Real Return Index | |
| IQ Enhanced Core Plus Bond U.S. ETF | | | IQ Enhanced Core Plus Bond U.S. Index | |
| IQ S&P High Yield Low Volatility Bond ETF | | | S&P U.S. High Yield Low Volatility Corporate Bond Index | |
| IQ Merger Arbitrage ETF | | | IQ Merger Arbitrage Index | |
| IQ Global Resources ETF | | | IQ Global Resources Index | |
| IQ U.S. Real Estate Small Cap ETF | | | IQ U.S. Real Estate Small Cap Index | |
| IQ 500 International ETF | | | IQ 500 International Index | |
| IQ 50 Percent Hedged FTSE International ETF | | | FTSE Developed ex North America 50% Hedged to USD Index | |
| IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG International Equity Index | |
| IQ Candriam ESG U.S. Equity ETF | | | IQ Candriam ESG U.S. Equity Index | |
| IQ Chaikin U.S. Small Cap ETF | | | NASDAQ Chaikin Power U.S. Small Cap Index | |
| IQ Chaikin U.S. Large Cap ETF | | | NASDAQ Chaikin Power U.S. Large Cap Index | |
| | | Money Market Mutual Fund | | | U.S. Government Securities | | ||||||||||||||||||||||||
Fund | | | Overnight and Continuous | | | <30 Days | | | Between 30 & 90 Days | | | >90 Days | | | Total | | |||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 91,292,003 | | | | | $ | 426,844 | | | | | $ | 2,202,707 | | | | | $ | 114,161,607 | | | | | $ | 208,083,161 | | |
IQ Hedge Macro Tracker ETF | | | | | 367,848 | | | | | | 1,243 | | | | | | 15,830 | | | | | | 766,597 | | | | | | 1,151,518 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 2,795,304 | | | | | | 3,042 | | | | | | 30,793 | | | | | | 1,940,876 | | | | | | 4,770,015 | | |
IQ Hedge Long/Short Tracker ETF | | | | | 196,550 | | | | | | 14,767 | | | | | | 10,983 | | | | | | 974,121 | | | | | | 1,196,421 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 257,495 | | | | | | 450 | | | | | | 10,624 | | | | | | 414,403 | | | | | | 682,972 | | |
IQ Real Return ETF | | | | | 12,588,896 | | | | | | 16,627 | | | | | | 34,669 | | | | | | 2,892,590 | | | | | | 15,532,782 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 433,490 | | | | | | 18,890 | | | | | | 101,613 | | | | | | 7,525,414 | | | | | | 8,079,407 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 968,842 | | | | | | 2,748 | | | | | | 1,851 | | | | | | 167,331 | | | | | | 1,140,772 | | |
IQ Merger Arbitrage ETF | | | | | 17,090,918 | | | | | | 13,706 | | | | | | 810,593 | | | | | | 33,342,936 | | | | | | 51,258,153 | | |
IQ Global Resources ETF | | | | | 201,810 | | | | | | 142 | | | | | | 1,125 | | | | | | 113,782 | | | | | | 316,859 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 6,683 | | | | | | 598 | | | | | | 14,482 | | | | | | 564,322 | | | | | | 586,085 | | |
IQ 500 International ETF | | | | | 7,592,425 | | | | | | — | | | | | | — | | | | | | 497,718 | | | | | | 8,090,143 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 3,935,916 | | | | | | — | | | | | | — | | | | | | 153,954 | | | | | | 4,089,870 | | |
IQ Candriam ESG International Equity ETF | | | | | 862,955 | | | | | | — | | | | | | — | | | | | | 779,657 | | | | | | 1,642,612 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 187,581 | | | | | | 21,030 | | | | | | 95,769 | | | | | | 4,570,077 | | | | | | 4,874,457 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 3,083,247 | | | | | | 32,779 | | | | | | 131,786 | | | | | | 7,272,649 | | | | | | 10,520,461 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | 47,200 | | | | | | 190,712 | | | | | | 9,394,856 | | | | | | 9,632,768 | | |
IQ Hedge Macro Tracker ETF
IQ Hedge Market Neutral Tracker ETF
IQ Hedge Long/Short Tracker ETF
IQ Hedge Event-Driven Tracker ETF
IQ Merger Arbitrage ETF
IQ Global Resources ETF
| | | Assets | | | Liabilities | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||
Fund | | | Gross Amounts Presented in Statements of Assets and Liabilities | | | Collateral Received(1) | | | Net Amount | | | Gross Amounts Presented in Statements of Assets and Liabilities | | | Collateral Pledged | | | Net Amount | | | | | | ||||||||||||||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 202,515,278 | | | | | $ | (202,515,278) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | | ||||||||
IQ Hedge Macro Tracker ETF | | | | | 1,118,030 | | | | | | (1,118,030) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Hedge Market Neutral Tracker ETF | | | | | 4,655,257 | | | | | | (4,655,257) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Hedge Long/Short Tracker ETF | | | | | 1,171,481 | | | | | | (1,171,481) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Hedge Event-Driven Tracker ETF | | | | | 662,681 | | | | | | (662,681) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Real Return ETF | | | | | 15,183,196 | | | | | | (15,183,196) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 7,919,695 | | | | | | (7,919,695) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ S&P High Yield Low Volatility Bond ETF | | | | | 1,103,682 | | | | | | (1,103,682) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Merger Arbitrage ETF | | | | | 50,544,862 | | | | | | (50,544,862) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Global Resources ETF | | | | | 302,678 | | | | | | (302,678) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ U.S. Real Estate Small Cap ETF | | | | | 576,638 | | | | | | (576,638) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ 500 International ETF | | | | | 7,530,922 | | | | | | (7,530,922) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ 50 Percent Hedged FTSE International ETF | | | | | 3,828,217 | | | | | | (3,828,217) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Candriam ESG International Equity ETF | | | | | 1,561,885 | | | | | | (1,561,885) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Candriam ESG U.S. Equity ETF | | | | | 4,597,858 | | | | | | (4,597,858) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Chaikin U.S. Small Cap ETF | | | | | 10,021,790 | | | | | | (10,021,790) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | ||||||||
IQ Chaikin U.S. Large Cap ETF | | | | | 9,000,618 | | | | | | (9,000,618) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | |
Fund | | | Gross Amounts of Assets Presented in Statements of Assets and Liabilities | | | Financial Instruments and Derivatives Available for Offset | | | Net Amount of Derivatives Assets | | | Gross Amounts of Liabilities Presented in Statements of Assets and Liabilities | | | Financial Instruments and Derivatives Available for Offset | | | Net Amount of Derivatives Liabilities | | ||||||||||||||||||
IQ 50 Percent Hedged FTSE International ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Morgan Stanley | | | | $ | 516,133 | | | | | $ | (516,133) | | | | | $ | — | | | | | $ | 572,159 | | | | | $ | (572,159) | | | | | $ | — | | |
Fund | | | Rate | | |||
IQ Hedge Multi-Strategy Tracker ETF | | | | | 0.75% | | |
IQ Hedge Macro Tracker ETF | | | | | 0.75% | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 0.75% | | |
IQ Hedge Long/Short Tracker ETF | | | | | 0.75% | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 0.75% | | |
IQ Real Return ETF | | | | | 0.48% | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.25% | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.40% | | |
IQ Merger Arbitrage ETF | | | | | 0.75% | | |
IQ Global Resources ETF | | | | | 0.75% | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 0.69% | | |
IQ 500 International ETF | | | | | 0.25% | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 0.35% | | |
IQ Candriam ESG International Equity ETF | | | | | 0.15% | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 0.09% | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 0.35% | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 0.25% | | |
Fund | | | Rate | | |||
IQ Hedge Multi-Strategy Tracker ETF | | | | | 0.22% | | |
IQ Hedge Macro Tracker ETF | | | | | 0.35% | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 0.35% | | |
IQ Hedge Long/Short Tracker ETF | | | | | 0.35% | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 0.35% | | |
IQ Real Return ETF | | | | | 0.28% | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.05% | | |
Fund | | | Rate | | |||
IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.40% | | |
IQ 500 International ETF | | | | | 0.25% | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 0.20% | | |
IQ Candriam ESG International Equity ETF | | | | | 0.15% | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 0.09% | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 0.35% | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 0.25% | | |
Fund | | | Cost | | | Gross Unrealized Appreciation | | | Gross Unrealized Depreciation | | | Net Unrealized Appreciation/ (Depreciation) | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 820,723,318 | | | | | $ | 14,538,978 | | | | | $ | (7,629,238) | | | | | | 6,909,740 | | |
IQ Hedge Macro Tracker ETF | | | | | 4,268,445 | | | | | | 251,915 | | | | | | (36,974) | | | | | | 214,941 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 18,798,291 | | | | | | 127,336 | | | | | | (126,331) | | | | | | 1,005 | | |
IQ Hedge Long/Short Tracker ETF | | | | | 8,725,204 | | | | | | 14,225 | | | | | | (368,324) | | | | | | (354,099) | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 4,882,764 | | | | | | 4,868 | | | | | | (93,543) | | | | | | (88,675) | | |
IQ Real Return ETF | | | | | 64,404,970 | | | | | | 271,883 | | | | | | (483,833) | | | | | | (211,950) | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 27,416,907 | | | | | | 76,504 | | | | | | (552,633) | | | | | | (476,129) | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 107,388,502 | | | | | | 2,242,595 | | | | | | (686,127) | | | | | | 1,556,468 | | |
IQ Merger Arbitrage ETF | | | | | 755,503,628 | | | | | | 16,452,272 | | | | | | (7,644,632) | | | | | | 8,807,640 | | |
IQ Global Resources ETF | | | | | 22,811,285 | | | | | | 1,274,103 | | | | | | (4,001,962) | | | | | | (2,727,859) | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 48,140,358 | | | | | | 4,199,197 | | | | | | (17,655,287) | | | | | | (13,456,090) | | |
IQ 500 International ETF | | | | | 262,084,931 | | | | | | 9,898,329 | | | | | | (49,978,526) | | | | | | (40,080,197) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 291,071,270 | | | | | | 26,153,098 | | | | | | (63,610,416) | | | | | | (37,457,318) | | |
IQ Candriam ESG International Equity ETF | | | | | 96,477,530 | | | | | | 9,626,591 | | | | | | (3,682,743) | | | | | | 5,943,848 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 218,633,598 | | | | | | 7,963,952 | | | | | | (6,087,006) | | | | | | 1,876,946 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 121,303,551 | | | | | | 25,142,593 | | | | | | (10,887,662) | | | | | | 14,254,931 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 208,264,348 | | | | | | 48,029,519 | | | | | | (12,742,977) | | | | | | 35,286,542 | | |
Fund | | | Ordinary Income (Loss)(1) | | | Net Capital Gain (Losses)(2) | | | Net Unrealized Appreciation/ Depreciation | | | Total Earnings/ (Losses) | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 15,261,072 | | | | | $ | (72,721,325) | | | | | $ | (2,418,666) | | | | | $ | (59,878,919) | | |
IQ Hedge Macro Tracker ETF | | | | | 106,850 | | | | | | (5,601,397) | | | | | | (11,810) | | | | | | (5,506,357) | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 341,519 | | | | | | (479,825) | | | | | | (140,375) | | | | | | (278,681) | | |
IQ Hedge Long/Short Tracker ETF | | | | | 49,840 | | | | | | (715,099) | | | | | | 75,706 | | | | | | (589,553) | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 78,974 | | | | | | (146,576) | | | | | | (286,256) | | | | | | (353,858) | | |
IQ Real Return ETF | | | | | 285,776 | | | | | | (2,243,087) | | | | | | (689,042) | | | | | | (2,646,353) | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | — | | | | | | (16,056,882) | | | | | | 954,109 | | | | | | (15,102,773) | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 181,962 | | | | | | (3,867,568) | | | | | | (816,218) | | | | | | (4,501,824) | | |
IQ Merger Arbitrage ETF | | | | | 29,165,487 | | | | | | (7,888,037) | | | | | | (79,411,265) | | | | | | (58,133,815) | | |
IQ Global Resources ETF | | | | | 2,041,648 | | | | | | (60,635,661) | | | | | | (4,022,510) | | | | | | (62,616,523) | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | (6,474,785) | | | | | | (19,027,153) | | | | | | (25,501,938) | | |
IQ 500 International ETF | | | | | 2,033,502 | | | | | | (1,271,099) | | | | | | (54,910,627) | | | | | | (54,148,224) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 1,184,828 | | | | | | (2,044,954) | | | | | | (63,563,826) | | | | | | (64,423,952) | | |
IQ Candriam ESG International Equity ETF | | | | | 119,262 | | | | | | (29,240) | | | | | | (385,644) | | | | | | (295,622) | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 8,227 | | | | | | (12,689) | | | | | | (268,750) | | | | | | (273,212) | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | (80,434,100) | | | | | | 3,556,418 | | | | | | (76,877,682) | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 294,570 | | | | | | (75,399,871) | | | | | | 9,933,350 | | | | | | (65,171,951) | | |
Fund | | | Total distributable earnings/ (accumulated loss) | | | Paid-in Capital | | ||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | (4,839,832) | | | | | $ | 4,839,832 | | |
IQ Hedge Macro Tracker ETF | | | | | (47,543) | | | | | | 47,543 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | (50,012) | | | | | | 50,012 | | |
IQ Hedge Long/Short Tracker ETF | | | | | (172,596) | | | | | | 172,596 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 59,590 | | | | | | (59,590) | | |
IQ Real Return ETF | | | | | (25,971) | | | | | | 25,971 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | (1,970,362) | | | | | | 1,970,362 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 1,402,757 | | | | | | (1,402,757) | | |
IQ Merger Arbitrage ETF | | | | | (29,905,985) | | | | | | 29,905,985 | | |
IQ Global Resources ETF | | | | | (7,161,065) | | | | | | 7,161,065 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 2,096,484 | | | | | | (2,096,484) | | |
IQ 500 International ETF | | | | | (6,154,434) | | | | | | 6,154,434 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 7,026,141 | | | | | | (7,026,141) | | |
IQ Candriam ESG International Equity ETF | | | | | — | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | (73,117) | | | | | | 73,117 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | (1,402,565) | | | | | | 1,402,565 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | (12,235,608) | | | | | | 12,235,608 | | |
| | | 2020 | | | 2019 | | ||||||||||||||||||||||||||||||
Fund | | | Ordinary Income | | | Long-Term Capital Gains | | | Tax Return of Capital | | | Ordinary Income | | | Long-Term Capital Gains | | | Tax Return of Capital | | ||||||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 16,163,950 | | | | | $ | — | | | | | $ | — | | | | | $ | 24,498,116 | | | | | $ | — | | | | | $ | — | | |
IQ Hedge Macro Tracker ETF | | | | | 54,164 | | | | | | — | | | | | | — | | | | | | 69,928 | | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 239,729 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | 123,690 | | | | | | — | | | | | | — | | | | | | 190,276 | | | | | | — | | | | | | — | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 157,392 | | | | | | — | | | | | | — | | | | | | 129,849 | | | | | | — | | | | | | — | | |
IQ Real Return ETF | | | | | 1,185,760 | | | | | | — | | | | | | — | | | | | | 730,380 | | | | | | — | | | | | | — | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 3,150,736 | | | | | | — | | | | | | — | | | | | | 6,882,062 | | | | | | — | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 2,787,812 | | | | | | — | | | | | | — | | | | | | 3,901,103 | | | | | | — | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Resources ETF | | | | | 2,539,080 | | | | | | — | | | | | | — | | | | | | 1,346,949 | | | | | | — | | | | | | — | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 1,633,256 | | | | | | — | | | | | | 1,775,536 | | | | | | 2,374,318 | | | | | | — | | | | | | 2,583,466 | | |
IQ 500 International ETF | | | | | 3,080,969 | | | | | | — | | | | | | — | | | | | | 15,344 | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 7,874,573 | | | | | | — | | | | | | — | | | | | | 18,743,014 | | | | | | 721,412 | | | | | | — | | |
IQ Candriam ESG International Equity ETF | | | | | 50,904 | | | | | | — | | | | | | — | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 30,853 | | | | | | — | | | | | | — | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 2,340,043 | | | | | | — | | | | | | — | | | | | | 4,624,785 | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 6,034,101 | | | | | | — | | | | | | — | | | | | | 7,178,905 | | | | | | — | | | | | | — | | |
Fund | | | Utilized on Current Year | | | Short-Term With No Expiration | | | Long-Term With No Expiration | | |||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | — | | | | | $ | 70,903,956 | | | | | $ | 1,817,369.00 | | |
IQ Hedge Macro Tracker ETF | | | | | — | | | | | | 4,384,500 | | | | | | 1,216,897 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | — | | | | | | 479,825 | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | — | | | | | | 522,006 | | | | | | 193,093 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | — | | | | | | 108,259 | | | | | | 38,317 | | |
IQ Real Return ETF | | | | | 107,379 | | | | | | 1,298,633 | | | | | | 944,454 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 4,009,883 | | | | | | 15,277,824 | | | | | | 779,058 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | — | | | | | | 3,086,322 | | | | | | 781,246 | | |
IQ Merger Arbitrage ETF | | | | | 5,042,789 | | | | | | 7,888,037 | | | | | | — | | |
IQ Global Resources ETF | | | | | — | | | | | | 33,383,108 | | | | | | 27,252,553 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | 1,188,391 | | | | | | 5,286,394 | | |
IQ 500 International ETF | | | | | — | | | | | | 1,206,853 | | | | | | 64,246 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 1,437,069 | | | | | | — | | | | | | 2,044,954 | | |
IQ Candriam ESG International Equity ETF | | | | | — | | | | | | 29,240 | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | — | | | | | | 12,689 | | | | | | — | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | 37,902,373 | | | | | | 42,531,727 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | 38,300,899 | | | | | | 37,098,972 | | |
Fund | | | % Ownership | | |||
IQ S&P High Yield Low Volatility Bond ETF | | | | | 50.5% | | |
IQ 500 International ETF | | | | | 98.9% | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 52.9% | | |
IQ Candriam ESG International Equity ETF | | | | | 98.0% | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 99.0% | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 78.1% | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 98.1% | | |
Fund | | | Purchases | | | Sales | | | Purchases In-Kind | | | Sales In-Kind | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 689,454,018 | | | | | $ | 690,636,765 | | | | | $ | 133,661,200 | | | | | $ | 176,158,474 | | |
IQ Hedge Macro Tracker ETF | | | | | 2,327,001 | | | | | | 2,325,896 | | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 10,104,812 | | | | | | 10,175,062 | | | | | | 5,339,677 | | | | | | 8,064,193 | | |
IQ Hedge Long/Short Tracker ETF | | | | | 9,138,543 | | | | | | 9,181,889 | | | | | | 8,271,673 | | | | | | 11,915,592 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 4,033,770 | | | | | | 3,923,791 | | | | | | 3,417,105 | | | | | | 8,048,763 | | |
IQ Real Return ETF | | | | | 16,484,542 | | | | | | 16,378,505 | | | | | | — | | | | | | — | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 56,650,614 | | | | | | 56,594,082 | | | | | | 996,433 | | | | | | 42,622,564 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 57,677,076 | | | | | | 51,529,001 | | | | | | 46,652,007 | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | 1,019,303,329 | | | | | | 1,082,095,577 | | | | | | 63,404,114 | | | | | | 107,044,045 | | |
IQ Global Resources ETF | | | | | 10,512,809 | | | | | | 11,305,131 | | | | | | — | | | | | | 3,746,618 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 8,646,285 | | | | | | 8,694,214 | | | | | | 850,694 | | | | | | 6,313,824 | | |
IQ 500 International ETF | | | | | 16,819,950 | | | | | | 19,918,801 | | | | | | — | | | | | | 15,594,520 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 14,622,384 | | | | | | 21,744,456 | | | | | | 15,195,797 | | | | | | 28,473,768 | | |
IQ Candriam ESG International Equity ETF | | | | | 5,541,514 | | | | | | 3,683,738 | | | | | | 59,600,830 | | | | | | 15,029,428 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 1,499,365 | | | | | | 1,785,432 | | | | | | 220,423,608 | | | | | | 10,144,913 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 1,507,957 | | | | | | 1,326,563 | | | | | | 24,227,781 | | | | | | 7,738,534 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 625,178 | | | | | | 663,797 | | | | | | 2,541,036 | | | | | | 5,779,319 | | |
| | | Currency Risk | | |||
IQ 50 Percent Hedged FTSE International ETF | | | | | | | |
Unrealized appreciation on forward foreign currency contracts | | | | $ | 516,133 | | |
| | | Currency Risk | | |||
IQ 50 Percent Hedged FTSE International ETF | | | | | | | |
Unrealized depreciation on forward foreign currency contracts | | | | $ | 572,159 | | |
Fund | | | Currency Risk | | | Equity Risk | | ||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (3,447,280) | | |
IQ Hedge Macro Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (716) | | |
IQ Hedge Market Neutral Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (119,754) | | |
IQ Hedge Long/Short Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (39,813) | | |
IQ Hedge Event-Driven Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (182) | | |
IQ Merger Arbitrage ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (21,507,411) | | |
IQ Global Resources ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (593,675) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | (6,426,021) | | | | | | | | |
Change in unrealized appreciation (depreciation) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 929,531 | | | | | | | | |
| | | Average Notional Value | | |||||||||||||||||||||||||||||||||||||||||||||
| | | IQ Hedge Multi- Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/ Short Tracker ETF | | | IQ Hedge Event- Driven Tracker ETF | | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | | IQ 50 Percent Hedged FTSE International ETF | | ||||||||||||||||||||||||
Asset Derivatives | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap contracts | | | | $ | 75,283,261 | | | | | $ | 398,440 | | | | | $ | 1,833,185 | | | | | $ | 1,184,617 | | | | | $ | 210,663 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 241,626,735 | | |
Liability Derivatives | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap contracts | | | | $ | (74,670,259) | | | | | $ | (399,409) | | | | | $ | (1,846,694) | | | | | $ | (1,203,319) | | | | | $ | (211,860) | | | | | $ | (248,614,459) | | | | | $ | (4,653,085) | | | | | $ | — | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (242,550,939) | | |
IQ Hedge Macro Tracker ETF
IQ Hedge Market Neutral Tracker ETF
IQ Hedge Long/Short Tracker ETF
IQ Hedge Event-Driven Tracker ETF
IQ Real Return ETF
IQ Enhanced Core Plus Bond U.S. ETF
IQ S&P High Yield Low Volatility Bond ETF
IQ Merger Arbitrage ETF
IQ Global Resources ETF
IQ U.S. Real Estate Small Cap ETF
IQ 500 International ETF
IQ 50 Percent Hedged FTSE International ETF
IQ Candriam ESG International Equity ETF
IQ Candriam ESG U.S. Equity ETF
IQ Chaikin U.S. Small Cap ETF
IQ Chaikin U.S. Large Cap ETF
IndexIQ Advisors LLC
51 Madison Avenue
New York, NY 10010
1290 Broadway, Suite 1100
Denver, CO 80203
240 Greenwich Street
New York, NY 10286
Chapman and Cutler LLP
1717 Rhode Island Avenue
Washington, DC 20036
PricewaterhouseCoopers LLP
300 Madison Avenue
New York, NY 10017
Item 2. | Code of Ethics. |
Not applicable.
Item 3. | Audit Committee Financial Expert. |
Not applicable.
Item 4. | Principal Accountant Fees and Services. |
Not applicable.
Item 5. | Audit Committee of Listed Registrants. |
Not applicable.
Item 6. | Investments. |
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10. | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. | Controls and Procedures. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
Item 13. | Exhibits. |
(a)(1) | Not applicable. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | IndexIQ ETF Trust | |
By (Signature and Title) | /s/ Kirk C. Lehneis | |
Kirk C. Lehneis | ||
(Principal Executive Officer) | ||
Date | January 6, 2021 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. | ||
By (Signature and Title) | /s/ Kirk C. Lehneis | |
Kirk C. Lehneis | ||
(Principal Executive Officer) | ||
Date | January 6, 2021 | |
By (Signature and Title) | /s/ Adefolahan O. Oyefeso | |
Adefolahan O. Oyefeso | ||
(Principal Financial Officer) | ||
Date | January 6, 2021 |