Bridge Builder International Equity Fund
Schedule of Investments
March 31, 2020 (Unaudited)
Shares | Value | |||||||
COMMON STOCKS – 95.33% | ||||||||
Argentina – 0.42% | ||||||||
MercadoLibre, Inc.(1) | 90,435 | $ | 44,184,732 | |||||
|
| |||||||
Total Argentina | 44,184,732 | |||||||
|
| |||||||
Australia – 2.15% | ||||||||
AGL Energy Ltd. | 29,956 | 313,500 | ||||||
Alumina Ltd. | 99,068 | 88,784 | ||||||
AMP Ltd.(1) | 175,845 | 143,603 | ||||||
APA Group - Stapled Security | 51,175 | 324,744 | ||||||
Aristocrat Leisure Ltd. | 25,139 | 325,742 | ||||||
ASX Ltd. | 8,317 | 390,406 | ||||||
Aurizon Holdings Ltd. | 80,743 | 209,251 | ||||||
AusNet Services - Class Miscella | 90,663 | 95,197 | ||||||
Australia & New Zealand Banking Group Ltd. | 131,984 | 1,384,169 | ||||||
Bendigo & Adelaide Bank Ltd. | 25,500 | 97,967 | ||||||
BHP Group Ltd. | 138,263 | 2,508,271 | ||||||
BHP Group Plc | 98,342 | 1,526,234 | ||||||
BlueScope Steel Ltd. | 20,855 | 109,187 | ||||||
Boral Ltd. | 65,125 | 81,799 | ||||||
Brambles Ltd. | 67,320 | 435,139 | ||||||
Caltex Australia Ltd. | 10,131 | 136,797 | ||||||
Challenger Ltd. | 24,541 | 59,944 | ||||||
CIMIC Group Ltd. | 4,536 | 64,245 | ||||||
Coca-Cola Amatil Ltd. | 21,234 | 114,606 | ||||||
Cochlear Ltd. | 396,407 | 45,179,039 | ||||||
Coles Group Ltd. | 49,855 | 464,302 | ||||||
Commonwealth Bank of Australia | 82,979 | 3,130,801 | ||||||
Computershare Ltd. | 19,800 | 118,529 | ||||||
Crown Resorts Ltd. | 15,771 | 73,189 | ||||||
CSL Ltd. | 487,375 | 88,347,257 | ||||||
Dexus Property Group | 47,597 | 263,763 | ||||||
Flight Centre Travel Group Ltd.(5) | 2,815 | 15,099 | ||||||
Fortescue Metals Group Ltd. | 65,902 | 403,862 | ||||||
Goodman Group | 72,400 | 530,668 | ||||||
GPT Group | 79,031 | 175,580 | ||||||
Harvey Norman Holdings Ltd. | 22,465 | 41,249 | ||||||
Incitec Pivot Ltd. | 61,217 | 75,935 | ||||||
Insurance Australia Group Ltd. | 98,528 | 371,751 | ||||||
LendLease Group - Stapled Security | 22,888 | 143,503 | ||||||
Macquarie Group Ltd. | 14,612 | 778,205 |
Magellan Financial Group Ltd. | 6,044 | 160,297 | ||||||
Medibank Pvt Ltd. | 122,670 | 201,732 | ||||||
Mirvac Group | 175,871 | 223,443 | ||||||
National Australia Bank Ltd. | 134,244 | 1,377,059 | ||||||
Newcrest Mining Ltd. | 33,737 | 463,301 | ||||||
Oil Search Ltd. | 55,675 | 80,743 | ||||||
Orica Ltd. | 17,581 | 164,580 | ||||||
Origin Energy Ltd. | 82,115 | 220,662 | ||||||
Qantas Airways Ltd. | 29,637 | 57,662 | ||||||
QBE Insurance Group Ltd. | 5,147,322 | 26,812,373 | ||||||
Ramsay Health Care Ltd. | 7,188 | 252,746 | ||||||
REA Group Ltd. | 2,138 | 100,152 | ||||||
Santos Ltd. | 71,832 | 147,525 | ||||||
Scentre Group | 235,698 | 225,758 | ||||||
Seek Ltd. | 2,162,226 | 19,758,943 | ||||||
Sonic Healthcare Ltd. | 19,443 | 292,225 | ||||||
South32 Ltd. | 225,725 | 249,180 | ||||||
Stockland | 103,916 | 159,793 | ||||||
Suncorp Group Ltd. | 57,923 | 321,662 | ||||||
Sydney Airport - Stapled Security | 47,596 | 164,449 | ||||||
Tabcorp Holdings Ltd. | 80,919 | 125,230 | ||||||
Telstra Corp. Ltd. | 179,297 | 336,567 | ||||||
TPG Telecom Ltd. | 15,038 | 64,043 | ||||||
Transurban Group - Stapled Security | 118,381 | 881,777 | ||||||
Treasury Wine Estates Ltd. | 2,879,213 | 17,875,786 | ||||||
Vicinity Centres | 139,795 | 87,447 | ||||||
Washington H Soul Pattinson & Co. Ltd. | 5,392 | 55,718 | ||||||
Wesfarmers Ltd. | 50,659 | 1,073,475 | ||||||
Westpac Banking Corp. | 166,452 | 1,709,595 | ||||||
WiseTech Global Ltd. | 5,809 | 60,390 | ||||||
Woodside Petroleum Ltd. | 44,207 | 490,542 | ||||||
Woolworths Group Ltd. | 53,702 | 1,167,824 | ||||||
WorleyParsons Ltd. | 14,115 | 52,379 | ||||||
|
| |||||||
Total Australia | 223,937,375 | |||||||
|
| |||||||
Austria – 0.01% | ||||||||
Andritz AG(1) | 3,540 | 110,907 | ||||||
Erste Group Bank AG | 13,693 | 250,688 | ||||||
OMV AG | 6,802 | 186,150 | ||||||
Raiffeisen Bank International AG | 7,225 | 103,926 | ||||||
Verbund AG | 3,182 | 114,763 |
Voestalpine AG | 5,941 | 119,869 | ||||||
|
| |||||||
Total Austria | 886,303 | |||||||
|
| |||||||
Belgium – 0.12% | ||||||||
Ageas | 8,225 | 342,752 | ||||||
Anheuser-Busch InBev SA | 94,236 | 4,162,393 | ||||||
Colruyt SA | 2,586 | 140,182 | ||||||
Galapagos NV(1) | 1,985 | 389,809 | ||||||
Groupe Bruxelles Lambert SA | 3,731 | 293,559 | ||||||
KBC Group NV | 125,761 | 5,706,429 | ||||||
Proximus | 6,807 | 156,320 | ||||||
Solvay SA | 3,602 | 259,587 | ||||||
Telenet Group Holding NV | 2,314 | 69,486 | ||||||
UCB SA | 5,392 | 461,352 | ||||||
Umicore SA | 8,254 | 284,691 | ||||||
|
| |||||||
Total Belgium | 12,266,560 | |||||||
|
| |||||||
Brazil – 0.35% | ||||||||
Raia Drogasil SA | 1,862,271 | 36,502,820 | ||||||
|
| |||||||
Total Brazil | 36,502,820 | |||||||
|
| |||||||
Canada – 2.76% | ||||||||
Canadian Pacific Railway Ltd. | 300,916 | 66,078,145 | ||||||
Fairfax Financial Holdings Ltd. | 59,189 | 18,145,321 | ||||||
Lululemon Athletica, Inc.(1) | 345,864 | 65,558,521 | ||||||
Shopify, Inc. - Class A(1) | 331,555 | 138,235,226 | ||||||
|
| |||||||
Total Canada | 288,017,213 | |||||||
|
| |||||||
Chile – 0.20% | ||||||||
Antofagasta Plc | 2,191,261 | 20,927,527 | ||||||
|
| |||||||
Total Chile | 20,927,527 | |||||||
|
| |||||||
China – 3.27% | ||||||||
Alibaba Group Holding Ltd. - ADR(1) | 438,318 | 85,244,085 | ||||||
Baidu, Inc. - ADR(1) | 199,007 | 20,057,915 | ||||||
BeiGene Ltd. - ADR(1) | 1,669 | 205,471 | ||||||
Lenovo Group Ltd. | 41,122,000 | 21,784,065 | ||||||
Ping An Insurance Group Co. of China Ltd. - Class H | 3,246,000 | 31,701,284 | ||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd. - Class H | 18,341,500 | 59,472,924 | ||||||
Tencent Holdings Ltd. | 1,300,556 | 64,283,379 | ||||||
Trip.com Group Ltd. - ADR(1) | 745,225 | 17,475,526 | ||||||
Tsingtao Brewery Co. Ltd. - Class H | 8,105,000 | 40,968,529 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 132,900 | 77,114 | ||||||
|
| |||||||
Total China | 341,270,292 | |||||||
|
|
Denmark – 0.86% | ||||||||
AP Moller - Maersk - Class A | 193 | 158,515 | ||||||
AP Moller - Maersk - Class B | 33,246 | 29,468,084 | ||||||
Carlsberg - Class B | 4,528 | 509,761 | ||||||
CHR Hansen Holding A/S | 4,526 | 333,986 | ||||||
Coloplast A/S - Class B | 5,099 | 739,490 | ||||||
Danske Bank A/S | 715,041 | 7,957,982 | ||||||
Demant A/S(1) | 5,032 | 109,564 | ||||||
DSV A/S | 470,570 | 42,788,489 | ||||||
Genmab A/S(1) | 2,858 | 574,083 | ||||||
H Lundbeck A/S | 2,828 | 83,037 | ||||||
ISS A/S | 7,855 | 107,461 | ||||||
Novo Nordisk A/S - Class B | 75,810 | 4,527,077 | ||||||
Novozymes A/S - Class B | 9,077 | 407,165 | ||||||
Orsted A/S(2) | 8,139 | 796,789 | ||||||
Pandora A/S | 4,057 | 130,356 | ||||||
Tryg A/S | 4,903 | 119,338 | ||||||
Vestas Wind Systems | 8,177 | 665,327 | ||||||
|
| |||||||
Total Denmark | 89,476,504 | |||||||
|
| |||||||
Finland – 1.06% | ||||||||
Elisa OYJ | 6,328 | 390,586 | ||||||
Fortum OYJ | 20,663 | 300,586 | ||||||
Kone OYJ - Class B | 655,634 | 36,715,986 | ||||||
Metso OYJ | 4,270 | 100,625 | ||||||
Neste OYJ | 17,967 | 597,359 | ||||||
Nokia OYJ | 22,505,499 | 69,313,790 | ||||||
Nokian Renkaat OYJ | 6,185 | 147,686 | ||||||
Nordea Bank Abp | 152,380 | 857,200 | ||||||
Orion OYJ - Class B | 4,576 | 186,226 | ||||||
Sampo OYJ - Class A | 20,725 | 597,892 | ||||||
Stora Enso OYJ - Class R | 26,533 | 265,300 | ||||||
UPM-Kymmene OYJ | 24,858 | 677,801 | ||||||
Wartsila OYJ Abp | 21,901 | 159,931 | ||||||
|
| |||||||
Total Finland | 110,310,968 | |||||||
|
| |||||||
France – 8.23% | ||||||||
Accor SA | 7,326 | 196,821 | ||||||
Aeroports de Paris | 1,191 | 115,058 | ||||||
Air Liquide SA | 20,404 | 2,604,520 | ||||||
Airbus SE | 25,082 | 1,617,335 | ||||||
Alstom SA | 8,254 | 340,825 | ||||||
Amundi SA(2) | 316,931 | 18,337,450 |
Arkema SA | 3,204 | 218,752 | ||||||
Atos SE | 4,523 | 301,346 | ||||||
AXA SA | 90,084 | 1,525,298 | ||||||
BioMerieux | 1,681 | 190,303 | ||||||
BNP Paribas SA | 1,249,221 | 36,471,298 | ||||||
Bollore SA | 35,754 | 97,166 | ||||||
Bouygues SA | 303,505 | 8,808,075 | ||||||
Bureau Veritas SA | 12,917 | 243,471 | ||||||
Capgemini SE | 6,660 | 556,525 | ||||||
Carrefour SA | 28,365 | 449,707 | ||||||
Casino Guichard Perrachon SA | 2,703 | 103,444 | ||||||
Cie de Saint-Gobain | 2,485,616 | 59,643,440 | ||||||
Cie Generale des Etablissements Michelin SCA | 231,586 | 20,283,431 | ||||||
CNP Assurances | 7,808 | 75,602 | ||||||
Covivio | 2,271 | 127,541 | ||||||
Credit Agricole SA | 54,192 | 383,457 | ||||||
Danone SA | 26,526 | 1,697,617 | ||||||
Dassault Aviation SA | 95 | 78,013 | ||||||
Dassault Systemes | 5,630 | 821,930 | ||||||
Edenred | 10,365 | 430,142 | ||||||
Eiffage SA | 3,260 | 231,407 | ||||||
Electricite de France SA | 28,972 | 226,547 | ||||||
Engie SA | 85,443 | 874,975 | ||||||
EssilorLuxottica SA | 205,809 | 21,789,984 | ||||||
EssilorLuxottica SA | 172,788 | 18,493,860 | ||||||
Eurazeo SE | 1,870 | 83,906 | ||||||
Eutelsat Communications SA | 9,294 | 96,613 | ||||||
Faurecia SE | 3,726 | 109,103 | ||||||
Gecina SA | 2,204 | 290,024 | ||||||
Getlink SE | 19,706 | 238,337 | ||||||
Hermes International | 1,349 | 917,875 | ||||||
ICADE | 1,272 | 99,837 | ||||||
Iliad SA | 610 | 82,188 | ||||||
Ingenico Group SA | 2,651 | 277,108 | ||||||
Ipsen SA | 1,530 | 78,428 | ||||||
JCDecaux SA | 3,454 | 61,405 | ||||||
Kering SA | 3,256 | 1,697,721 | ||||||
Klepierre SA | 9,057 | 172,641 | ||||||
Legrand SA | 589,811 | 37,619,306 | ||||||
L’Oreal SA | 10,806 | 2,796,711 |
LVMH Moet Hennessy Louis Vuitton SE | 179,767 | 65,929,809 | ||||||
Natixis SA | 46,521 | �� | 148,134 | |||||
Orange SA | 5,792,434 | 70,131,663 | ||||||
Pernod Ricard SA | 280,245 | 39,776,943 | ||||||
Peugeot SA | 27,444 | 357,301 | ||||||
Publicis Groupe SA | 573,110 | 16,378,868 | ||||||
Remy Cointreau SA | 167,270 | 18,230,550 | ||||||
Renault SA | 9,048 | 171,955 | ||||||
Rexel SA | 3,504,863 | 25,807,600 | ||||||
Safran SA | 14,115 | 1,250,549 | ||||||
Sanofi SA | 2,030,622 | 175,800,920 | ||||||
Sartorius Stedim Biotech | 284,032 | 56,679,766 | ||||||
Schneider Electric SE | 362,506 | 30,640,064 | ||||||
SCOR SE | 185,442 | 4,079,955 | ||||||
SEB SA | 918 | 113,700 | ||||||
Societe Generale SA | 37,748 | 618,394 | ||||||
Sodexo SA | 3,899 | 261,838 | ||||||
Suez Environnement Co. | 15,913 | 161,666 | ||||||
Teleperformance | 2,485 | 514,685 | ||||||
Thales SA | 4,491 | 371,926 | ||||||
TOTAL SA | 1,874,372 | 70,624,117 | ||||||
Ubisoft Entertainment SA(1) | 473,587 | 34,614,965 | ||||||
Unibail-Rodamco-Westfield | 6,522 | 373,883 | ||||||
Valeo SA | 10,960 | 178,382 | ||||||
Veolia Environnement SA | 25,689 | 542,574 | ||||||
Vinci SA | 23,954 | 1,957,265 | ||||||
Vivendi SA | 35,985 | 760,845 | ||||||
Wendel SA | 1,275 | 101,176 | ||||||
Worldline SA(1)(2) | 5,619 | 331,640 | ||||||
|
| |||||||
Total France | 858,867,676 | |||||||
|
| |||||||
Germany – 6.20% | ||||||||
Adidas AG | 173,132 | 38,440,042 | ||||||
Allianz SE | 356,626 | 60,732,534 | ||||||
BASF SE | 514,596 | 24,053,230 | ||||||
Bayer AG | 1,136,009 | 65,091,609 | ||||||
Bayerische Motoren Werke AG | 15,655 | 799,176 | ||||||
Bechtle AG | 432,633 | 54,474,042 | ||||||
Beiersdorf AG | 4,274 | 430,352 | ||||||
Brenntag AG | 6,741 | 244,915 | ||||||
Carl Zeiss Meditec AG | 1,674 | 159,399 |
Commerzbank AG | 11,142,797 | 39,666,624 | ||||||
Continental AG | 699,204 | 49,852,050 | ||||||
Covestro AG(2) | 635,110 | 19,274,430 | ||||||
Daimler AG - Class REGISTERED | 1,168,545 | 34,897,638 | ||||||
Delivery Hero SE(1)(2) | 5,040 | 370,562 | ||||||
Deutsche Bank AG | 90,209 | 573,466 | ||||||
Deutsche Boerse AG | 8,209 | 1,127,786 | ||||||
Deutsche Lufthansa AG | 10,615 | 99,284 | ||||||
Deutsche Post AG | 42,537 | 1,140,358 | ||||||
Deutsche Telekom AG | 1,558,983 | 20,134,950 | ||||||
Deutsche Wohnen SE | 16,558 | 627,527 | ||||||
E.ON SE | 7,326,261 | 75,150,453 | ||||||
Evonik Industries AG | 9,671 | 201,962 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 2,121 | 85,381 | ||||||
Fresenius Medical Care AG & Co. KGaA | 980,926 | 64,030,919 | ||||||
Fresenius SE & Co. KGaA | 19,539 | 727,490 | ||||||
GEA Group AG | 6,298 | 130,103 | ||||||
Hannover Rueck SE | 2,837 | 400,601 | ||||||
HeidelbergCement AG | 6,820 | 291,371 | ||||||
Henkel AG & Co. KGaA | 4,517 | 331,809 | ||||||
HOCHTIEF AG | 1,054 | 69,205 | ||||||
Infineon Technologies AG | 53,396 | 770,812 | ||||||
KION Group AG | 3,019 | 129,931 | ||||||
Knorr-Bremse AG | 2,184 | 192,008 | ||||||
LANXESS AG | 3,503 | 139,434 | ||||||
Merck KGaA | 5,651 | 570,537 | ||||||
METRO AG | 7,669 | 65,318 | ||||||
MTU Aero Engines AG | 2,281 | 329,826 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 6,581 | 1,323,245 | ||||||
Nemetschek SE | 388,106 | 18,919,285 | ||||||
Puma SE | 3,505 | 205,937 | ||||||
RWE AG | 25,342 | 662,734 | ||||||
SAP SE | 42,257 | 4,717,908 | ||||||
Siemens AG | 187,232 | 15,677,893 | ||||||
Siemens Healthineers AG(2) | 6,599 | 255,095 | ||||||
Symrise AG - Class A | 5,450 | 504,173 | ||||||
Telefonica Deutschland Holding AG | 44,230 | 108,589 | ||||||
ThyssenKrupp AG(1) | 16,215 | 85,407 | ||||||
TUI AG | 22,409 | 98,086 | ||||||
Uniper SE | 9,476 | 232,761 |
United Internet AG - Class REG | 4,943 | 143,732 | ||||||
Volkswagen AG | 30,938 | 4,058,994 | ||||||
Vonovia SE | 23,987 | 1,193,198 | ||||||
Wirecard AG | 5,143 | 579,463 | ||||||
Zalando SE(1)(2) | 1,121,485 | 42,268,893 | ||||||
|
| |||||||
Total Germany | 646,842,527 | |||||||
|
| |||||||
Hong Kong – 5.42% | ||||||||
AIA Group Ltd. | 12,504,385 | 111,972,277 | ||||||
ASM Pacific Technology Ltd. | 12,400 | 114,977 | ||||||
Bank of East Asia Ltd. | 62,400 | 133,350 | ||||||
BOC Hong Kong Holdings Ltd. | 173,000 | 474,889 | ||||||
Budweiser Brewing Co. APAC Ltd.(1)(2) | 60,800 | 156,361 | ||||||
China Mobile Ltd. | 19,861,500 | 148,847,670 | ||||||
China Resources Power Holdings Co. Ltd. | 17,028,000 | 18,675,260 | ||||||
CK Asset Holdings Ltd. | 120,000 | 651,083 | ||||||
CK Hutchison Holdings Ltd. | 17,354,500 | 115,670,510 | ||||||
CK Infrastructure Holdings Ltd. | 31,500 | 166,757 | ||||||
CLP Holdings Ltd. | 76,500 | 700,740 | ||||||
Dairy Farm International Holdings Ltd. | 20,200 | 92,909 | ||||||
Galaxy Entertainment Group Ltd. | 2,429,000 | 12,793,107 | ||||||
Hang Lung Properties Ltd. | 91,000 | 183,505 | ||||||
Hang Seng Bank Ltd. | 35,800 | 609,934 | ||||||
Henderson Land Development Co. Ltd. | 68,758 | 260,241 | ||||||
HK Electric Investments & HK Electric Investments Ltd. | 117,500 | 112,808 | ||||||
HKT Trust & HKT Ltd. - Class Miscella | 181,000 | 246,169 | ||||||
Hong Kong & China Gas Co. Ltd. | 461,992 | 756,480 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 49,199 | 1,473,968 | ||||||
Hongkong Land Holdings Ltd. | 56,600 | 211,761 | ||||||
Jardine Matheson Holdings Ltd. | 294,300 | 14,812,688 | ||||||
Jardine Strategic Holdings Ltd. | 995,400 | 22,245,863 | ||||||
Kerry Properties Ltd. | 36,000 | 94,140 | ||||||
Link Real Estate Investment Trust | 90,200 | 760,249 | ||||||
Melco Resorts & Entertainment Ltd. - ADR | 8,652 | 107,285 | ||||||
MTR Corp. Ltd. | 73,000 | 375,486 | ||||||
New World Development Co. Ltd. | 294,413 | 313,926 | ||||||
NWS Holdings Ltd. | 63,613 | 64,827 | ||||||
PCCW Ltd. | 204,000 | 111,867 | ||||||
Power Assets Holdings Ltd. | 63,500 | 376,697 | ||||||
Sino Land Co. Ltd. | 140,490 | 176,815 | ||||||
SJM Holdings Ltd. | 88,000 | 73,430 |
Sun Hung Kai Properties Ltd. | 75,000 | 980,553 | ||||||
Swire Pacific Ltd. - Class A | 5,241,000 | 33,362,703 | ||||||
Swire Properties Ltd. | 54,000 | 150,862 | ||||||
Techtronic Industries Co. Ltd. | 4,460,500 | 28,323,756 | ||||||
Vitasoy International Holdings Ltd. | 32,000 | 96,300 | ||||||
WH Group Ltd.(2) | 51,698,500 | 47,718,181 | ||||||
Wharf Real Estate Investment Co. Ltd. | 58,000 | 236,578 | ||||||
Wheelock & Co. Ltd. | 37,000 | 250,710 | ||||||
Yue Yuen Industrial Holdings Ltd. | 32,500 | 49,663 | ||||||
|
| |||||||
Total Hong Kong | 564,987,335 | |||||||
|
| |||||||
India – 1.53% | ||||||||
Asian Paints Ltd. | 2,227,815 | 48,764,352 | ||||||
HDFC Bank Ltd. - ADR | 1,008,907 | 38,802,563 | ||||||
Housing Development Finance Corp. Ltd. | 1,894,820 | 40,695,600 | ||||||
Mahindra & Mahindra Ltd. - GDR | 2,737,551 | 10,532,569 | ||||||
MakeMyTrip Ltd.(1) | 487,900 | 5,832,844 | ||||||
United Spirits Ltd.(1) | 2,363,362 | 15,145,450 | ||||||
|
| |||||||
Total India | 159,773,378 | |||||||
|
| |||||||
Ireland – 1.90% | ||||||||
Accenture Plc - Class A | 376,844 | 61,523,551 | ||||||
AerCap Holdings NV(1) | 5,207 | 118,668 | ||||||
AIB Group Plc(1) | 31,794 | 35,254 | ||||||
Bank of Ireland Group Plc | 47,913 | 89,313 | ||||||
CRH Plc | 33,915 | 917,162 | ||||||
DCC Plc | 4,335 | 270,726 | ||||||
Experian Plc | 2,324,810 | 64,609,574 | ||||||
Flutter Entertainment Plc | 3,050 | 272,589 | ||||||
ICON Plc(1) | 193,338 | 26,293,968 | ||||||
James Hardie Industries Plc | 19,713 | 228,882 | ||||||
Kerry Group Plc - Class A | 6,635 | 769,826 | ||||||
Kingspan Group Plc | 787,328 | 42,456,296 | ||||||
Paddy Power Betfair Plc | 588 | 52,892 | ||||||
Smurfit Kappa Group Plc | 10,493 | 297,248 | ||||||
|
| |||||||
Total Ireland | 197,935,949 | |||||||
|
| |||||||
Isle of Man – 0.00%(3) | ||||||||
GVC Holdings Plc | 28,498 | 197,398 | ||||||
|
| |||||||
Total Isle of Man | 197,398 | |||||||
|
| |||||||
Israel – 0.03% | ||||||||
Azrieli Group Ltd. | 2,046 | 116,981 | ||||||
Bank Hapoalim BM | 51,808 | 310,427 |
Bank Leumi Le-Israel BM | 67,233 | 370,720 | ||||||
Check Point Software Technologies Ltd.(1) | 5,176 | 520,395 | ||||||
CyberArk Software Ltd.(1) | 1,531 | 130,992 | ||||||
Elbit Systems Ltd. | 1,076 | 139,436 | ||||||
Israel Chemicals Ltd. | 30,517 | 97,193 | ||||||
Israel Discount Bank Ltd. - Class A | 61,111 | 178,192 | ||||||
Mizrahi Tefahot Bank Ltd. | 6,751 | 124,257 | ||||||
Nice Ltd.(1) | 2,659 | 384,480 | ||||||
Teva Pharmaceutical Industries Ltd. - ADR(1) | 51,545 | 462,874 | ||||||
Wix.com Ltd.(1) | 2,144 | 216,158 | ||||||
|
| |||||||
Total Israel | 3,052,105 | |||||||
|
| |||||||
Italy – 2.43% | ||||||||
Assicurazioni Generali SpA | 50,753 | 687,439 | ||||||
Atlantia SpA | 22,551 | 280,139 | ||||||
Davide Campari-Milano SpA | 26,378 | 189,166 | ||||||
Enel SpA | 12,254,102 | 84,526,922 | ||||||
ENI SpA | 11,496,465 | 114,245,816 | ||||||
Ferrari NV | 239,846 | 36,944,666 | ||||||
FinecoBank Banca Fineco SpA | 22,764 | 204,810 | ||||||
Intesa Sanpaolo SpA | 692,994 | 1,121,307 | ||||||
Leonardo SpA | 16,083 | 106,327 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 29,967 | 163,416 | ||||||
Moncler SpA | 7,842 | 284,968 | ||||||
Pirelli & C SpA(2) | 20,819 | 74,969 | ||||||
Poste Italiane SpA(2) | 24,645 | 207,433 | ||||||
Prysmian SpA | 10,921 | 173,391 | ||||||
Recordati SpA | 4,700 | 198,023 | ||||||
Snam SpA | 98,221 | 448,900 | ||||||
Telecom Italia SpA(1) | 17,827,561 | 7,216,137 | ||||||
Telecom Italia SpA Savings Share | 289,737 | 113,201 | ||||||
Terna Rete Elettrica Nazionale SpA | 66,867 | 420,317 | ||||||
UniCredit SpA | 701,026 | 5,423,550 | ||||||
|
| |||||||
Total Italy | 253,030,897 | |||||||
|
| |||||||
Japan – 19.14% | ||||||||
ABC-Mart, Inc. | 1,600 | 80,077 | ||||||
Acom Co. Ltd. | 18,100 | 73,503 | ||||||
Advantest Corp. | 8,800 | 350,504 | ||||||
Aeon Co. Ltd. | 28,500 | 631,390 | ||||||
Aeon Financial Service Co. Ltd. | 4,900 | 52,352 | ||||||
Aeon Mall Co. Ltd. | 4,600 | 58,058 |
AGC, Inc. | 8,800 | 214,434 | ||||||
Air Water, Inc. | 7,800 | 106,820 | ||||||
Aisin Seiki Co. Ltd. | 7,600 | 186,133 | ||||||
Ajinomoto Co., Inc. | 19,065 | 355,266 | ||||||
Alfresa Holdings Corp. | 7,600 | 141,448 | ||||||
Alps Alpine Co. Ltd. | 10,400 | 100,211 | ||||||
Amada Holdings Co. Ltd. | 14,700 | 115,217 | ||||||
ANA Holdings, Inc. | 4,700 | 114,510 | ||||||
Aozora Bank Ltd. | 5,300 | 101,146 | ||||||
Asahi Group Holdings Ltd. | 15,300 | 496,381 | ||||||
Asahi Intecc Co. Ltd. | 7,900 | 195,383 | ||||||
Asahi Kasei Corp. | 59,200 | 414,804 | ||||||
Astellas Pharma, Inc. | 4,420,200 | 68,103,605 | ||||||
Bandai Namco Holdings, Inc. | 8,600 | 417,128 | ||||||
Bank of Kyoto Ltd. | 2,700 | 85,568 | ||||||
Benesse Holdings, Inc. | 2,600 | 66,165 | ||||||
Bridgestone Corp. | 26,900 | 823,426 | ||||||
Brother Industries Ltd. | 11,000 | 166,611 | ||||||
Calbee, Inc. | 3,300 | 89,057 | ||||||
Canon, Inc. | 46,700 | 1,014,835 | ||||||
Casio Computer Co. Ltd. | 7,900 | 110,531 | ||||||
Central Japan Railway Co. | 6,700 | 1,073,817 | ||||||
Chiba Bank Ltd. | 26,500 | 115,359 | ||||||
Chubu Electric Power Co., Inc. | 30,700 | 433,275 | ||||||
Chugai Pharmaceutical Co. Ltd. | 9,600 | 1,110,679 | ||||||
Chugoku Electric Power Co., Inc. | 12,700 | 177,193 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. | 5,000 | 102,617 | ||||||
Concordia Financial Group Ltd. | 46,800 | 136,218 | ||||||
Credit Saison Co. Ltd. | 8,100 | 93,974 | ||||||
CyberAgent, Inc. | 4,600 | 178,277 | ||||||
Dai Nippon Printing Co. Ltd. | 11,000 | 233,762 | ||||||
Daicel Corp. | 10,600 | 77,116 | ||||||
Daifuku Co. Ltd. | 4,500 | 282,007 | ||||||
Dai-ichi Life Holdings, Inc. | 723,100 | 8,586,908 | ||||||
Daiichi Sankyo Co. Ltd. | 24,600 | 1,689,445 | ||||||
Daikin Industries Ltd. | 10,700 | 1,291,641 | ||||||
Daito Trust Construction Co. Ltd. | 3,100 | 287,877 | ||||||
Daiwa House Industry Co. Ltd. | 863,800 | 21,342,190 | ||||||
Daiwa House REIT Investment Corp. | 89 | 218,132 | ||||||
Daiwa Securities Group, Inc. | 72,600 | 280,548 |
Denso Corp. | 535,300 | 17,105,229 | ||||||
Dentsu, Inc. | 9,800 | 189,355 | ||||||
Disco Corp. | 1,200 | 233,463 | ||||||
East Japan Railway Co. | 902,000 | 68,254,696 | ||||||
Eisai Co. Ltd. | 11,000 | 804,622 | ||||||
Electric Power Development Co. Ltd. | 6,300 | 126,263 | ||||||
FamilyMart UNY Holdings Co. Ltd. | 10,300 | 184,946 | ||||||
FANUC Corp. | 9,000 | 1,202,633 | ||||||
Fast Retailing Co. Ltd. | 2,500 | 1,020,106 | ||||||
Fuji Electric Co. Ltd. | 5,100 | 114,354 | ||||||
FUJIFILM Holdings Corp. | 1,684,100 | 82,991,708 | ||||||
Fujitsu Ltd. | 321,100 | 28,921,063 | ||||||
Fukuoka Financial Group, Inc. | 283,100 | 3,734,508 | ||||||
GMO Payment Gateway, Inc. | 1,700 | 119,145 | ||||||
Hakuhodo DY Holdings, Inc. | 9,800 | 98,882 | ||||||
Hamamatsu Photonics KK | 6,200 | 251,935 | ||||||
Hankyu Hanshin Holdings, Inc. | 10,900 | 366,188 | ||||||
Hikari Tsushin, Inc. | 1,000 | 167,333 | ||||||
Hino Motors Ltd. | 12,800 | 68,265 | ||||||
Hirose Electric Co. Ltd. | 1,415 | 145,876 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 2,500 | 116,010 | ||||||
Hitachi Chemical Co. Ltd. | 4,715 | 200,639 | ||||||
Hitachi Construction Machinery Co. Ltd. | 5,000 | 100,280 | ||||||
Hitachi High-Technologies Corp. | 3,080 | 227,526 | ||||||
Hitachi Ltd. | 42,800 | 1,229,490 | ||||||
Hitachi Metals Ltd. | 2,644,400 | 27,757,372 | ||||||
Honda Motor Co. Ltd. | 4,464,699 | 99,904,074 | ||||||
Hoshizaki Corp. | 2,200 | 164,564 | ||||||
Hoya Corp. | 16,400 | 1,394,517 | ||||||
Hulic Co. Ltd. | 12,300 | 124,477 | ||||||
Idemitsu Kosan Co. Ltd. | 9,065 | 206,897 | ||||||
IHI Corp. | 6,000 | 69,874 | ||||||
Iida Group Holdings Co. Ltd. | 846,600 | 11,700,985 | ||||||
Inpex Corp. | 3,544,900 | 19,887,109 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 14,400 | 83,546 | ||||||
Isuzu Motors Ltd. | 3,692,700 | 24,437,837 | ||||||
ITOCHU Corp. | 60,900 | 1,260,302 | ||||||
Itochu Techno-Solutions Corp. | 4,500 | 128,162 | ||||||
J Front Retailing Co. Ltd. | 9,900 | 81,708 | ||||||
Japan Airlines Co. Ltd. | 5,700 | 104,751 |
Japan Airport Terminal Co. Ltd. | 2,200 | 84,550 | ||||||
Japan Exchange Group, Inc. | 22,700 | 398,361 | ||||||
Japan Post Bank Co. Ltd. | 18,200 | 168,079 | ||||||
Japan Post Holdings Co. Ltd. | 74,400 | 582,002 | ||||||
Japan Post Insurance Co. Ltd. | 10,700 | 132,199 | ||||||
Japan Prime Realty Investment Corp. | 32 | 96,681 | ||||||
Japan Real Estate Investment Corp. | 61 | 358,575 | ||||||
Japan Retail Fund Investment Corp. | 118 | 134,139 | ||||||
Japan Tobacco, Inc. | 2,716,100 | 50,238,853 | ||||||
JFE Holdings, Inc. | 24,100 | 156,170 | ||||||
JGC Corp. | 8,900 | 71,040 | ||||||
JSR Corp. | 9,000 | 164,497 | ||||||
JTEKT Corp. | 8,300 | 56,058 | ||||||
JXTG Holdings, Inc. | 5,890,050 | 20,069,679 | ||||||
Kajima Corp. | 21,500 | 219,763 | ||||||
Kakaku.com, Inc. | 1,244,900 | 22,768,531 | ||||||
Kamigumi Co. Ltd. | 5,200 | 87,774 | ||||||
Kansai Electric Power Co., Inc. | 32,500 | 361,754 | ||||||
Kansai Paint Co. Ltd. | 8,400 | 159,331 | ||||||
Kao Corp. | 431,400 | 35,145,397 | ||||||
Kawasaki Heavy Industries Ltd. | 8,175 | 117,621 | ||||||
KDDI Corp. | 82,300 | 2,431,026 | ||||||
Keihan Holdings Co. Ltd. | 3,900 | 172,993 | ||||||
Keikyu Corp. | 9,000 | 151,420 | ||||||
Keio Corp. | 4,600 | 271,554 | ||||||
Keisei Electric Railway Co. Ltd. | 5,200 | 150,270 | ||||||
Keyence Corp. | 265,308 | 85,299,855 | ||||||
Kikkoman Corp. | 6,500 | 275,597 | ||||||
Kintetsu Group Holdings Co. Ltd. | 7,400 | 342,488 | ||||||
Kirin Holdings Co. Ltd. | 35,600 | 703,109 | ||||||
Kobayashi Pharmaceutical Co. Ltd. | 2,200 | 203,546 | ||||||
Koito Manufacturing Co. Ltd. | 4,200 | 141,201 | ||||||
Komatsu Ltd. | 42,700 | 691,032 | ||||||
Konami Holdings Corp. | 3,800 | 116,556 | ||||||
Konica Minolta, Inc. | 19,200 | 77,354 | ||||||
Kose Corp. | 1,500 | 185,613 | ||||||
Kubota Corp. | 46,500 | 591,436 | ||||||
Kuraray Co. Ltd. | 14,000 | 140,860 | ||||||
Kurita Water Industries Ltd. | 4,600 | 105,535 | ||||||
Kyocera Corp. | 1,341,300 | 79,151,178 |
Kyowa Kirin Co. Ltd. | 10,900 | 243,610 | ||||||
Kyushu Electric Power Co., Inc. | 17,900 | 143,563 | ||||||
Kyushu Railway Co. | 7,300 | 209,696 | ||||||
Lawson, Inc. | 2,300 | 126,247 | ||||||
LINE Corp.(1) | 2,500 | 120,701 | ||||||
Lion Corp. | 10,100 | 215,396 | ||||||
LIXIL Group Corp. | 13,100 | 161,408 | ||||||
M3, Inc. | 18,700 | 551,596 | ||||||
Makita Corp. | 9,500 | 289,786 | ||||||
Marubeni Corp. | 73,800 | 366,274 | ||||||
Marui Group Co. Ltd. | 9,000 | 150,559 | ||||||
Maruichi Steel Tube Ltd. | 2,900 | 69,455 | ||||||
Mazda Motor Corp. | 26,000 | 137,302 | ||||||
McDonald’s Holdings Co. Japan Ltd. | 2,650 | 119,520 | ||||||
Mebuki Financial Group, Inc. | 36,540 | 74,115 | ||||||
Medipal Holdings Corp. | 8,540 | 159,578 | ||||||
MEIJI Holdings Co. Ltd. | 4,900 | 347,244 | ||||||
Mercari, Inc.(1) | 3,800 | 73,800 | ||||||
Minebea Co. Ltd. | 16,100 | 237,804 | ||||||
MISUMI Group, Inc. | 12,300 | 266,061 | ||||||
Mitsubishi Chemical Holdings Corp. | 61,350 | 364,298 | ||||||
Mitsubishi Corp. | 61,300 | 1,296,632 | ||||||
Mitsubishi Electric Corp. | 6,179,200 | 75,486,453 | ||||||
Mitsubishi Estate Co. Ltd. | 50,900 | 751,750 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 6,900 | 74,457 | ||||||
Mitsubishi Heavy Industries Ltd. | 14,640 | 368,956 | ||||||
Mitsubishi Materials Corp. | 5,400 | 110,393 | ||||||
Mitsubishi Motors Corp. | 29,000 | 81,709 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 577,700 | 2,161,496 | ||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 18,300 | 89,575 | ||||||
Mitsui & Co. Ltd. | 744,900 | 10,341,973 | ||||||
Mitsui Chemicals, Inc. | 8,500 | 159,988 | ||||||
Mitsui Fudosan Co. Ltd. | 37,700 | 652,765 | ||||||
Mitsui OSK Lines Ltd. | 4,600 | 73,729 | ||||||
Mizuho Financial Group, Inc. | 1,130,400 | 1,296,885 | ||||||
Monotaro Co. Ltd. | 5,100 | 134,749 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,895,340 | 52,882,136 | ||||||
Murata Manufacturing Co. Ltd. | 851,100 | 42,312,230 | ||||||
Nabtesco Corp. | 4,600 | 105,224 | ||||||
Nagoya Railroad Co. Ltd. | 8,400 | 236,172 |
NEC Corp. | 10,600 | 385,980 | ||||||
Nexon Co. Ltd. | 21,300 | 348,060 | ||||||
NGK Insulators Ltd. | 11,200 | 145,766 | ||||||
NGK Spark Plug Co. Ltd. | 6,900 | 96,720 | ||||||
NH Foods Ltd. | 4,000 | 139,202 | ||||||
Nidec Corp. | 669,800 | 34,517,809 | ||||||
Nikon Corp. | 15,200 | 139,510 | ||||||
Nintendo Co. Ltd. | 4,800 | 1,865,537 | ||||||
Nippon Building Fund, Inc. | 62 | 417,071 | ||||||
Nippon Express Co. Ltd. | 3,200 | 156,092 | ||||||
Nippon Paint Holdings Co. Ltd. | 6,300 | 327,929 | ||||||
Nippon Prologis Real Estate Investment Trust, Inc. | 90 | 226,448 | ||||||
Nippon Shinyaku Co. Ltd. | 1,900 | 148,782 | ||||||
Nippon Steel Corp. | 38,700 | 329,891 | ||||||
Nippon Telegraph & Telephone Corp. | 2,571,600 | 61,503,977 | ||||||
Nippon Yusen KK | 7,700 | 90,950 | ||||||
Nissan Chemical Corp. | 5,500 | 199,195 | ||||||
Nissan Motor Co. Ltd. | 109,800 | 367,359 | ||||||
Nisshin Seifun Group, Inc. | 8,700 | 145,136 | ||||||
Nissin Foods Holdings Co. Ltd. | 2,600 | 215,766 | ||||||
Nitori Holdings Co. Ltd. | 3,500 | 472,993 | ||||||
Nitto Denko Corp. | 7,400 | 328,701 | ||||||
Nomura Holdings, Inc. | 153,500 | 647,786 | ||||||
Nomura Real Estate Holdings, Inc. | 5,500 | 88,994 | ||||||
Nomura Real Estate Master Fund, Inc. | 196 | 249,296 | ||||||
Nomura Research Institute Ltd. | 14,714 | 310,800 | ||||||
NSK Ltd. | 18,100 | 115,210 | �� | |||||
NTT Data Corp. | 27,800 | 266,117 | ||||||
NTT DOCOMO, Inc. | 62,100 | 1,942,060 | ||||||
Obayashi Corp. | 30,900 | 262,203 | ||||||
Obic Co. Ltd. | 2,800 | 364,811 | ||||||
Odakyu Electric Railway Co. Ltd. | 12,900 | 283,300 | ||||||
Oji Holdings Corp. | 41,500 | 220,621 | ||||||
Olympus Corp. | 3,507,000 | 50,554,461 | ||||||
Omron Corp. | 8,200 | 423,962 | ||||||
Ono Pharmaceutical Co. Ltd. | 16,200 | 372,283 | ||||||
Oracle Corp. | 1,600 | 139,557 | ||||||
Oriental Land Co. Ltd. | 8,700 | 1,110,616 | ||||||
ORIX Corp. | 61,100 | 728,964 | ||||||
Orix JREIT, Inc. | 121 | 159,147 |
Osaka Gas Co. Ltd. | 17,900 | 336,120 | ||||||
Otsuka Corp. | 4,300 | 183,311 | ||||||
Otsuka Holdings Co. Ltd. | 167,730 | 6,544,555 | ||||||
Pan Pacific International Holdings Corp. | 18,700 | 354,128 | ||||||
Panasonic Corp. | 12,375,800 | 93,689,864 | ||||||
Park24 Co. Ltd. | 4,700 | 69,286 | ||||||
PeptiDream, Inc.(1) | 3,800 | 132,275 | ||||||
Persol Holdings Co. Ltd. | 7,200 | 72,044 | ||||||
Pigeon Corp. | 701,200 | 26,845,610 | ||||||
Pola Orbis Holdings, Inc. | 3,700 | 68,022 | ||||||
Rakuten, Inc. | 37,900 | 285,730 | ||||||
Recruit Holdings Co. Ltd. | 58,400 | 1,508,547 | ||||||
Renesas Electronics Corp.(1) | 33,600 | 119,518 | ||||||
Resona Holdings, Inc. | 2,448,900 | 7,342,556 | ||||||
Ricoh Co. Ltd. | 31,500 | 229,990 | ||||||
Rinnai Corp. | 1,500 | 105,736 | ||||||
Rohm Co. Ltd. | 303,300 | 16,463,792 | ||||||
Ryohin Keikaku Co. Ltd. | 9,700 | 107,870 | ||||||
Sankyo Co. Ltd. | 2,100 | 60,901 | ||||||
Santen Pharmaceutical Co. Ltd. | 15,800 | 271,156 | ||||||
SBI Holdings, Inc. | 11,525 | 167,923 | ||||||
Secom Co. Ltd. | 9,300 | 769,187 | ||||||
Sega Sammy Holdings, Inc. | 6,400 | 77,647 | ||||||
Seibu Holdings, Inc. | 8,100 | 89,288 | ||||||
Seiko Epson Corp. | 13,500 | 145,300 | ||||||
Sekisui Chemical Co. Ltd. | 14,700 | 193,659 | ||||||
Sekisui House Ltd. | 29,100 | 479,918 | ||||||
Seven & i Holdings Co. Ltd. | 32,700 | 1,079,914 | ||||||
Seven Bank Ltd. | 24,300 | 62,714 | ||||||
SG Holdings Co. Ltd. | 5,800 | 138,147 | ||||||
Sharp Corp. | 8,605 | 89,324 | ||||||
Shimadzu Corp. | 9,900 | 258,372 | ||||||
Shimamura Co. Ltd. | 1,000 | 60,434 | ||||||
Shimano, Inc. | 242,500 | 34,583,740 | ||||||
Shimizu Corp. | 26,600 | 206,997 | ||||||
Shin-Etsu Chemical Co. Ltd. | 15,195 | 1,493,474 | ||||||
Shinsei Bank Ltd. | 8,400 | 111,256 | ||||||
Shionogi & Co. Ltd. | 11,400 | 561,558 | ||||||
Shiseido Co. Ltd. | 911,200 | 53,553,454 | ||||||
Shizuoka Bank Ltd. | 22,100 | 134,185 |
Showa Denko KK | 6,400 | 131,303 | ||||||
SMC Corp. | 124,000 | 51,986,222 | ||||||
Softbank Corp. | 71,500 | 910,816 | ||||||
SoftBank Group Corp. | 728,900 | 25,804,801 | ||||||
Sohgo Security Services Co. Ltd. | 2,900 | 140,764 | ||||||
Sompo Holdings, Inc. | 15,400 | 474,688 | ||||||
Sony Corp. | 1,302,700 | 77,163,585 | ||||||
Sony Financial Holdings, Inc. | 6,200 | 104,109 | ||||||
Square Enix Holdings Co. Ltd. | 4,200 | 187,638 | ||||||
Stanley Electric Co. Ltd. | 5,300 | 104,032 | ||||||
Subaru Corp. | 29,180 | 557,778 | ||||||
Sugi Holdings Co. Ltd. | 311,900 | 16,702,069 | ||||||
Sumco Corp. | 11,900 | 151,212 | ||||||
Sumitomo Chemical Co. Ltd. | 71,300 | 210,653 | ||||||
Sumitomo Corp. | 55,500 | 632,936 | ||||||
Sumitomo Dainippon Pharma Co. Ltd. | 6,400 | 83,081 | ||||||
Sumitomo Electric Industries Ltd. | 4,503,100 | 47,048,312 | ||||||
Sumitomo Heavy Industries Ltd. | 5,700 | 101,982 | ||||||
Sumitomo Metal Mining Co. Ltd. | 11,200 | 228,979 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 2,487,100 | 60,420,104 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,705,100 | 48,987,807 | ||||||
Sumitomo Realty & Development Co. Ltd. | 14,500 | 354,059 | ||||||
Sumitomo Rubber Industries Ltd. | 7,700 | 72,325 | ||||||
Sundrug Co. Ltd. | 2,800 | 89,724 | ||||||
Suntory Beverage & Food Ltd. | 6,210 | 234,669 | ||||||
Suzuken Co. Ltd. | 2,955 | 107,361 | ||||||
Suzuki Motor Corp. | 1,307,400 | 31,130,788 | ||||||
Sysmex Corp. | 705,300 | 51,046,030 | ||||||
T&D Holdings, Inc. | 24,600 | 199,423 | ||||||
Taiheiyo Cement Corp. | 5,300 | 90,276 | ||||||
Taisei Corp. | 8,700 | 265,333 | ||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 1,760 | 108,028 | ||||||
Taiyo Nippon Sanso Corp. | 5,300 | 78,425 | ||||||
Takeda Pharmaceutical Co. Ltd. | 2,631,679 | 80,129,656 | ||||||
TDK Corp. | 5,600 | 430,579 | ||||||
Teijin Ltd. | 8,400 | 142,086 | ||||||
Terumo Corp. | 27,700 | 949,040 | ||||||
THK Co. Ltd. | 5,900 | 118,877 | ||||||
Tobu Railway Co. Ltd. | 8,230 | 287,120 | ||||||
Toho Co. Ltd | 4,600 | 140,653 |
Toho Gas Co. Ltd. | 3,400 | 153,275 | ||||||
Tohoku Electric Power Co., Inc. | 21,000 | 201,871 | ||||||
Tokio Marine Holdings, Inc. | 1,469,800 | 67,250,064 | ||||||
Tokyo Century Corp. | 1,700 | 53,195 | ||||||
Tokyo Electric Power Co. Holdings, Inc.(1) | 73,300 | 254,992 | ||||||
Tokyo Electron Ltd. | 6,800 | 1,267,340 | ||||||
Tokyo Gas Co. Ltd. | 18,300 | 431,208 | ||||||
Tokyu Corp. | 21,600 | 339,432 | ||||||
Tokyu Fudosan Holdings Corp. | 30,300 | 145,534 | ||||||
Toppan Printing Co. Ltd. | 13,200 | 201,538 | ||||||
Toray Industries, Inc. | 64,400 | 278,757 | ||||||
Toshiba Corp. | 17,200 | 376,996 | ||||||
Tosoh Corp. | 13,100 | 148,044 | ||||||
TOTO Ltd. | 6,300 | 207,825 | ||||||
Toyo Seikan Group Holdings Ltd. | 6,500 | 74,147 | ||||||
Toyo Suisan Kaisha Ltd. | 3,850 | 186,080 | ||||||
Toyoda Gosei Co. Ltd. | 2,700 | 45,951 | ||||||
Toyota Industries Corp. | 6,900 | 328,990 | ||||||
Toyota Motor Corp. | 144,094 | 8,683,813 | ||||||
Toyota Tsusho Corp. | 10,135 | 236,747 | ||||||
Trend Micro, Inc. | 6,000 | 296,293 | ||||||
Tsuruha Holdings, Inc. | 1,600 | 210,956 | ||||||
Unicharm Corp. | 17,700 | 662,579 | ||||||
United Urban Investment Corp. | 145 | 145,067 | ||||||
USS Co. Ltd. | 8,900 | 122,041 | ||||||
Welcia Holdings Co. Ltd. | 2,000 | 140,122 | ||||||
West Japan Railway Co. | 7,500 | 512,962 | ||||||
Yahoo Japan Corp. | 125,700 | 400,752 | ||||||
Yakult Honsha Co. Ltd. | 5,300 | 312,223 | ||||||
Yamada Denki Co. Ltd.(1) | 26,840 | 106,904 | ||||||
Yamaha Corp. | 6,200 | 240,284 | ||||||
Yamaha Motor Co. Ltd. | 12,200 | 146,704 | ||||||
Yamato Holdings Co. Ltd. | 14,000 | 218,695 | ||||||
Yamazaki Baking Co. Ltd. | 4,800 | 100,045 | ||||||
Yaskawa Electric Corp. | 10,600 | 288,221 | ||||||
Yokogawa Electric Corp. | 9,300 | 111,254 | ||||||
Yokohama Rubber Co. Ltd. | 4,800 | 59,506 | ||||||
ZOZO, Inc. | 4,400 | 59,054 | ||||||
|
| |||||||
Total Japan | 1,996,438,598 | |||||||
|
|
Luxembourg – 0.01% | ||||||||
ArcelorMittal | 30,309 | 286,131 | ||||||
Aroundtown SA | 50,193 | 251,239 | ||||||
Eurofins Scientific SE | 509 | 248,392 | ||||||
Millicom International Cellular SA | 4,844 | 134,584 | ||||||
SES SA - Class A | 15,959 | 93,622 | ||||||
Tenaris SA | 21,268 | 128,306 | ||||||
|
| |||||||
Total Luxembourg | 1,142,274 | |||||||
|
| |||||||
Macau – 0.00%(3) | ||||||||
Sands China Ltd. | 114,000 | 414,743 | ||||||
Wynn Macau Ltd. | 81,600 | 122,376 | ||||||
|
| |||||||
Total Macau | 537,119 | |||||||
|
| |||||||
Malaysia – 0.17% | ||||||||
Public Bank Bhd | 4,823,300 | 17,743,857 | ||||||
|
| |||||||
Total Malaysia | 17,743,857 | |||||||
|
| |||||||
Mexico – 0.46% | ||||||||
Wal-Mart de Mexico SAB de CV | 20,265,412 | 47,745,131 | ||||||
|
| |||||||
Total Mexico | 47,745,131 | |||||||
|
| |||||||
Netherlands – 3.20% | ||||||||
ABN AMRO Bank NV(2) | 20,620 | 167,327 | ||||||
Adyen NV(1)(2) | 452 | 384,152 | ||||||
Aegon NV | 81,912 | 204,567 | ||||||
Akzo Nobel NV | 8,661 | 569,623 | ||||||
Altice Europe NV(1) | 27,308 | 105,394 | ||||||
ASML Holding NV | 240,000 | 63,267,566 | ||||||
ASML Holding NV - Class REG | 196,470 | 51,404,411 | ||||||
EXOR NV | 4,796 | 247,182 | ||||||
Heineken Holding NV | 4,934 | 384,499 | ||||||
Heineken NV | 11,060 | 938,595 | ||||||
ING Groep NV | 9,506,355 | 48,711,477 | ||||||
Just Eat Takeaway(1)(2) | 5,007 | 378,644 | ||||||
Koninklijke Ahold Delhaize NV | 371,337 | 8,650,877 | ||||||
Koninklijke DSM NV | 7,747 | 871,451 | ||||||
Koninklijke KPN NV | 4,653,368 | 11,128,117 | ||||||
Koninklijke Philips NV | 38,949 | 1,599,144 | ||||||
Koninklijke Vopak NV | 3,238 | 170,028 | ||||||
NN Group NV | 14,393 | 391,141 | ||||||
NXP Semiconductors NV | 12,030 | 997,648 | ||||||
PostNL NV | 15,476,351 | 19,583,213 | ||||||
Prosus NV(1) | 341,766 | 23,930,746 | ||||||
QIAGEN NV - Aquis Listed(1) | 9,697 | 391,537 |
Randstad NV | 5,720 | 201,870 | ||||||
Royal Dutch Shell Plc - Class A | 279,036 | 4,847,882 | ||||||
Royal Dutch Shell Plc - Class A | 1,673,386 | 29,018,106 | ||||||
Royal Dutch Shell Plc - Class B | 3,874,631 | 64,993,294 | ||||||
Wolters Kluwer NV | 11,654 | 826,397 | ||||||
|
| |||||||
Total Netherlands | 334,364,888 | |||||||
|
| |||||||
New Zealand – 0.27% | ||||||||
a2 Milk Co. Ltd.(1) | 31,842 | 325,286 | ||||||
Auckland International Airport Ltd. | 43,232 | 128,819 | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 24,255 | 440,919 | ||||||
Fletcher Building Ltd. | 42,838 | 89,158 | ||||||
Mercury NZ Ltd. | 35,910 | 89,911 | ||||||
Meridian Energy Ltd. | 54,688 | 130,519 | ||||||
Ryman Healthcare Ltd. | 16,229 | 98,443 | ||||||
Spark New Zealand Ltd. | 86,805 | 211,263 | ||||||
Xero Ltd.(1) | 651,326 | 27,088,955 | ||||||
|
| |||||||
Total New Zealand | 28,603,273 | |||||||
|
| |||||||
Norway – 0.03% | ||||||||
Aker BP ASA | 4,383 | 54,978 | ||||||
DNB ASA | 44,512 | 495,905 | ||||||
Equinor ASA | 45,998 | 573,417 | ||||||
Gjensidige Forsikring ASA | 8,100 | 137,937 | ||||||
Mowi ASA | 18,515 | 279,937 | ||||||
Norsk Hydro ASA | 63,182 | 136,231 | ||||||
Orkla ASA | 30,472 | 261,075 | ||||||
Schibsted ASA - Class B | 4,503 | 81,459 | ||||||
Telenor ASA | 34,501 | 504,257 | ||||||
Yara International ASA | 7,905 | 249,949 | ||||||
|
| |||||||
Total Norway | 2,775,145 | |||||||
|
| |||||||
Portugal – 0.41% | ||||||||
EDP - Energias de Portugal SA | 112,259 | 451,661 | ||||||
Galp Energia SGPS SA | 22,457 | 256,822 | ||||||
Jeronimo Martins SGPS SA | 2,344,555 | 42,317,192 | ||||||
|
| |||||||
Total Portugal | 43,025,675 | |||||||
|
| |||||||
Russia – 0.00%(3) | ||||||||
Evraz Plc | 20,551 | 58,799 | ||||||
|
| |||||||
Total Russia | 58,799 | |||||||
|
| |||||||
Singapore – 2.56% | ||||||||
Ascendas Real Estate Investment Trust | 128,052 | 253,545 | ||||||
CapitaLand Commercial Trust | 124,351 | 133,436 |
CapitaLand Ltd. | 109,600 | 219,630 | ||||||
CapitaLand Mall Trust | 119,600 | 149,963 | ||||||
City Developments Ltd. | 21,900 | 111,048 | ||||||
ComfortDelGro Corp. Ltd. | 91,100 | 97,006 | ||||||
DBS Group Holdings Ltd. | 4,283,800 | 55,895,668 | ||||||
Genting Singapore Ltd. | 264,300 | 128,122 | ||||||
Jardine Cycle & Carriage Ltd. | 4,000 | 54,997 | ||||||
Keppel Corp. Ltd. | 71,200 | 264,816 | ||||||
Mapletree Commercial Trust | 110,200 | 141,340 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 151,600 | 918,534 | ||||||
SATS Ltd. | 35,000 | 77,801 | ||||||
Sembcorp Industries Ltd. | 66,600 | 73,111 | ||||||
Singapore Airlines Ltd. | 21,900 | 88,895 | ||||||
Singapore Exchange Ltd. | 29,400 | 189,349 | ||||||
Singapore Press Holdings Ltd. | 53,500 | 69,176 | ||||||
Singapore Technologies Engineering Ltd. | 72,800 | 159,274 | ||||||
Singapore Telecommunications Ltd. | 46,852,600 | 83,525,262 | ||||||
Suntec Real Estate Investment Trust | 90,700 | 79,320 | ||||||
United Overseas Bank Ltd. | 7,627,806 | 104,653,885 | ||||||
UOL Group Ltd. | 20,900 | 95,888 | ||||||
Venture Corp. Ltd. | 11,200 | 106,692 | ||||||
Wilmar International Ltd. | 8,736,700 | 19,757,242 | ||||||
|
| |||||||
Total Singapore | 267,244,000 | |||||||
|
| |||||||
South Africa – 0.45% | ||||||||
Naspers Ltd. - Class N | 330,341 | 46,946,220 | ||||||
|
| |||||||
Total South Africa | 46,946,220 | |||||||
|
| |||||||
South Korea – 1.20% | ||||||||
NAVER Corp. | 137,132 | 19,066,067 | ||||||
POSCO | 119,624 | 15,741,060 | ||||||
Samsung SDI Co. Ltd. | 415,666 | 80,926,194 | ||||||
Shinhan Financial Group Ltd. | 424,930 | 9,940,906 | ||||||
|
| |||||||
Total South Korea | 125,674,227 | |||||||
|
| |||||||
Spain – 2.38% | ||||||||
ACS Actividades Co. | 12,299 | 244,250 | ||||||
Aena SA(2) | 2,896 | 314,200 | ||||||
Amadeus IT Group SA | 605,387 | 28,494,881 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 14,641,614 | 45,338,559 | ||||||
Banco de Sabadell SA | 280,836 | 142,024 | ||||||
Banco Santander SA | 21,865,159 | 52,013,338 | ||||||
Bankia SA | 8,983,951 | 9,796,761 |
Bankinter SA | 35,724 | 129,594 | ||||||
CaixaBank SA | 173,895 | 321,811 | ||||||
Cellnex Telecom SA(2) | 10,534 | 477,848 | ||||||
Enagas SA | 7,336 | 144,719 | ||||||
Endesa SA | 14,873 | 314,719 | ||||||
Ferrovial SA | 20,864 | 495,243 | ||||||
Grifols SA | 12,673 | 424,006 | ||||||
Iberdrola SA | 288,631 | 2,823,104 | ||||||
Industria de Diseno Textil SA | 1,769,684 | 45,858,961 | ||||||
Mapfre SA | 58,983 | 100,059 | ||||||
Naturgy Energy Group SA | 14,481 | 254,052 | ||||||
Red Electrica Corp. SA | 17,306 | 310,980 | ||||||
Repsol SA | 67,450 | 601,739 | ||||||
Siemens Gamesa Renewable Energy SA | 11,026 | 162,701 | ||||||
Telefonica SA | 13,040,891 | 59,350,284 | ||||||
|
| |||||||
Total Spain | 248,113,833 | |||||||
|
| |||||||
Sweden – 3.03% | ||||||||
Alfa Laval AB | 13,447 | 230,226 | ||||||
Assa Abloy AB - Class B | 42,894 | 800,776 | ||||||
Atlas Copco AB - Class A | 2,784,175 | 92,585,671 | ||||||
Atlas Copco AB - Class B | 16,576 | 482,185 | ||||||
Boliden AB | 12,790 | 229,451 | ||||||
Electrolux AB | 8,828 | 109,058 | ||||||
Epiroc AB - Class A | 3,046,991 | 30,108,769 | ||||||
Epiroc AB - Class B | 15,534 | 153,114 | ||||||
Essity AB - Class B | 26,082 | 798,985 | ||||||
Hennes & Mauritz AB - Class B | 35,249 | 451,074 | ||||||
Hexagon AB - Class B | 11,098 | 469,281 | ||||||
Husqvarna AB - Class B | 18,402 | 91,545 | ||||||
ICA Gruppen AB | 4,162 | 173,828 | ||||||
Industrivarden AB - Class C | 7,711 | 147,646 | ||||||
Investor AB - Class B | 917,901 | 41,409,881 | ||||||
Kinnevik AB - Class B | 11,667 | 190,282 | ||||||
L E Lundbergforetagen AB - Class B | 3,602 | 146,017 | ||||||
Lundin Petroleum AB | 8,626 | 162,829 | ||||||
Nibe Industrier AB - Class B | 2,121,615 | 30,687,959 | ||||||
Sandvik AB | 48,763 | 685,934 | ||||||
Securitas AB - Class B | 14,544 | 156,238 | ||||||
Skandinaviska Enskilda Banken AB - Class A | 75,925 | 508,474 | ||||||
Skanska AB - Class B | 15,763 | 237,220 |
SKF AB - Class B | 18,132 | 247,088 | ||||||
Spotify Technology SA(1) | 233,393 | 28,343,246 | ||||||
Svenska Handelsbanken AB - Class A | 72,420 | 597,255 | ||||||
Swedbank AB | 41,503 | 457,746 | ||||||
Swedish Match AB | 7,479 | 423,458 | ||||||
Tele2 AB - Class B | 21,836 | 290,922 | ||||||
Telefonaktiebolaget LM Ericsson - Class B(1) | 2,065,326 | 16,718,737 | ||||||
Telia Co. AB | 18,803,440 | 67,304,669 | ||||||
Volvo AB - Class B | 64,980 | 772,348 | ||||||
|
| |||||||
Total Sweden | 316,171,912 | |||||||
|
| |||||||
Switzerland – 7.85% | ||||||||
ABB Ltd. | 3,709,450 | 64,474,103 | ||||||
Adecco Group AG | 1,178,514 | 46,441,272 | ||||||
Alcon, Inc.(1) | 1,029,182 | 52,725,745 | ||||||
Baloise Holding AG | 2,254 | 293,858 | ||||||
Barry Callebaut AG | 128 | 256,199 | ||||||
Chocoladefabriken Lindt & Spruengli AG | 47 | 394,493 | ||||||
Chocoladefabriken Lindt & Spruengli AG - REG | 5 | 433,971 | ||||||
Chubb Ltd. | 383,223 | 42,802,177 | ||||||
Cie Financiere Richemont SA | 645,331 | 34,495,438 | ||||||
Clariant AG(1) | 9,877 | 164,395 | ||||||
Coca-Cola HBC AG | 9,016 | 193,360 | ||||||
Credit Suisse Group AG(1) | 972,186 | 7,846,858 | ||||||
Dufry AG(1) | 2,188 | 67,150 | ||||||
EMS-Chemie Holding AG | 362 | 225,770 | ||||||
Geberit AG | 64,375 | 28,207,807 | ||||||
Givaudan SA | 399 | 1,227,714 | ||||||
Glencore Plc(1) | 504,113 | 762,999 | ||||||
Julius Baer Group Ltd.(1) | 9,733 | 326,031 | ||||||
Kuehne & Nagel International AG | 2,414 | 328,837 | ||||||
LafargeHolcim Ltd.(1) | 21,747 | 793,624 | ||||||
Lonza Group AG(1) | 3,187 | 1,310,889 | ||||||
Nestle SA | 730,423 | 74,771,792 | ||||||
Novartis AG | 2,099,028 | 173,167,372 | ||||||
Pargesa Holding SA | 1,654 | 109,203 | ||||||
Partners Group Holding AG | 790 | 540,886 | ||||||
Roche Holding AG | 464,548 | 149,464,613 | ||||||
Schindler Holding AG | 816 | 170,848 | ||||||
Schindler Holding AG Participation Certificate | 200,911 | 43,954,810 | ||||||
SGS SA | 258 | 595,070 |
Sika AG | 286,070 | 46,976,369 | ||||||
Sonova Holding AG | 2,374 | 423,318 | ||||||
STMicroelectronics NV | 29,866 | 642,018 | ||||||
Straumann Holding AG | 451 | 329,728 | ||||||
Swatch Group AG - BR | 1,345 | 264,156 | ||||||
Swatch Group AG - REG | 2,356 | 91,212 | ||||||
Swiss Life Holding AG | 1,568 | 526,293 | ||||||
Swiss Prime Site AG | 3,626 | 352,920 | ||||||
Swiss Re AG | 13,797 | 1,062,354 | ||||||
Swisscom AG | 1,198 | 641,506 | ||||||
Temenos AG(1) | 2,819 | 367,456 | ||||||
u-blox Holding AG(1) | 77,824 | 4,741,663 | ||||||
UBS Group AG(1) | 2,100,724 | 19,255,478 | ||||||
Vifor Pharma AG | 1,874 | 256,378 | ||||||
Zurich Insurance Group AG | 46,907 | 16,478,740 | ||||||
|
| |||||||
Total Switzerland | 818,956,873 | |||||||
|
| |||||||
Taiwan – 2.38% | ||||||||
Catcher Technology Co. Ltd. | 2,137,000 | 13,670,085 | ||||||
Hon Hai Precision Industry Co. Ltd. | 6,340,400 | 14,597,296 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,393,860 | 75,564,183 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 3,031,916 | 144,895,266 | ||||||
|
| |||||||
Total Taiwan | 248,726,830 | |||||||
|
| |||||||
Thailand – 0.11% | ||||||||
Thai Beverage PCL | 26,780,100 | 11,329,300 | ||||||
|
| |||||||
Total Thailand | 11,329,300 | |||||||
|
| |||||||
United Arab Emirates – 0.00%(3) | ||||||||
NMC Health Plc(5) | 3,812 | 4,443 | ||||||
|
| |||||||
Total United Arab Emirates | 4,443 | |||||||
|
| |||||||
United Kingdom – 12.79% | ||||||||
3i Group Plc | 45,807 | 443,853 | ||||||
Admiral Group Plc | 9,196 | 253,259 | ||||||
Anglo American Plc | 47,691 | 835,718 | ||||||
Ashtead Group Plc | 19,542 | 422,380 | ||||||
ASOS Plc(1) | 396,988 | 5,841,365 | ||||||
Associated British Foods Plc | 15,359 | 344,037 | ||||||
AstraZeneca Plc | 1,109,997 | 98,899,482 | ||||||
Auto Trader Group Plc(2) | 7,009,493 | 37,877,858 | ||||||
AVEVA Group Plc | 2,621 | 112,925 | ||||||
Aviva Plc | 4,226,816 | 13,896,731 | ||||||
BAE Systems Plc | 150,334 | 965,899 |
Barclays Plc | 7,504,993 | 8,528,914 | ||||||
Barratt Developments Plc | 47,117 | 254,682 | ||||||
Berkeley Group Holdings Plc | 5,351 | 238,834 | ||||||
BP Plc | 30,029,196 | 123,148,027 | ||||||
British American Tobacco Plc | 107,417 | 3,659,188 | ||||||
British Land Co. Plc | 40,722 | 169,818 | ||||||
BT Group Plc - Class A | 388,759 | 565,476 | ||||||
Bunzl Plc | 14,782 | 295,886 | ||||||
Burberry Group Plc | 1,252,872 | 20,365,106 | ||||||
Centrica Plc | 286,942 | 135,205 | ||||||
CNH Industrial NV | 46,679 | 265,851 | ||||||
Coca-Cola European Partners Plc | 9,669 | 362,878 | ||||||
Compass Group Plc | 68,485 | 1,067,004 | ||||||
Croda International Plc | 5,574 | 294,071 | ||||||
Diageo Plc | 100,972 | 3,201,774 | ||||||
Direct Line Insurance Group Plc | 61,945 | 226,143 | ||||||
easyJet Plc | 6,414 | 44,446 | ||||||
Ferguson Plc | 9,927 | 613,811 | ||||||
Fiat Chrysler Automobiles NV | 51,531 | 367,867 | ||||||
G4S Plc | 63,434 | 72,150 | ||||||
GlaxoSmithKline Plc | 3,815,043 | 71,586,097 | ||||||
Halma Plc | 16,267 | 382,048 | ||||||
Hargreaves Lansdown Plc | 2,803,511 | 47,634,101 | ||||||
HomeServe Plc | 1,956,536 | 25,485,029 | ||||||
HSBC Holdings Plc | 3,881,348 | 21,788,995 | ||||||
Imperial Brands Plc | 43,659 | 805,742 | ||||||
Informa Plc | 57,232 | 311,726 | ||||||
InterContinental Hotels Group Plc | 7,594 | 323,074 | ||||||
Intertek Group Plc | 559,162 | 32,669,076 | ||||||
ITV Plc | 180,434 | 148,070 | ||||||
J Sainsbury Plc | 10,437,844 | 27,006,978 | ||||||
JD Sports Fashion Plc | 17,769 | 99,520 | ||||||
John Wood Group Plc | 12,203,477 | 23,221,385 | ||||||
Johnson Matthey Plc | 846,179 | 18,644,760 | ||||||
Jupiter Fund Management Plc | 2,617,803 | 6,418,514 | ||||||
Kingfisher Plc | 22,057,431 | 38,744,085 | ||||||
Land Securities Group Plc | 32,676 | 225,331 | ||||||
Legal & General Group Plc | 280,124 | 661,849 | ||||||
Lloyds Banking Group Plc | 136,964,778 | 53,546,680 | ||||||
London Stock Exchange Group Plc | 13,551 | 1,212,216 |
M&G Plc(1) | 124,014 | 172,505 | ||||||
Marks & Spencer Group Plc | 100,134 | 121,386 | ||||||
Meggitt Plc | 38,935 | 139,958 | ||||||
Melrose Industries Plc | 213,093 | 236,796 | ||||||
Micro Focus International Plc | 13,808 | 68,137 | ||||||
Mondi Plc | 21,921 | 369,930 | ||||||
National Grid Plc | 162,069 | 1,893,659 | ||||||
Next Plc | 5,803 | 291,130 | ||||||
Ocado Group Plc(1) | 18,644 | 279,665 | ||||||
Pearson Plc | 36,053 | 246,821 | ||||||
Persimmon Plc | 14,515 | 343,115 | ||||||
Prudential Plc | 121,063 | 1,516,901 | ||||||
Reckitt Benckiser Group Plc | 30,370 | 2,313,453 | ||||||
RELX Plc | 83,288 | 1,777,569 | ||||||
Rentokil Initial Plc | 79,277 | 378,626 | ||||||
Rightmove Plc | 8,300,324 | 50,058,925 | ||||||
Rio Tinto Ltd. | 17,422 | 897,572 | ||||||
Rio Tinto Plc | 52,423 | 2,403,189 | ||||||
Rolls-Royce Holdings Plc(1) | 74,540 | 315,040 | ||||||
Royal Bank of Scotland Group Plc | 7,778,731 | 10,892,151 | ||||||
RSA Insurance Group Plc | 46,178 | 240,976 | ||||||
Sage Group Plc | 46,811 | 340,388 | ||||||
Schroders Plc | 6,188 | 189,180 | ||||||
Segro Plc | 46,549 | 440,045 | ||||||
Severn Trent Plc | 10,789 | 305,404 | ||||||
Smith & Nephew Plc | 2,971,330 | 52,344,474 | ||||||
Smiths Group Plc | 17,945 | 270,560 | ||||||
Spirax-Sarco Engineering Plc | 3,122 | 313,427 | ||||||
SSE Plc | 4,869,826 | 78,253,492 | ||||||
St James’s Place Plc | 22,880 | 213,652 | ||||||
Standard Chartered Plc | 2,242,905 | 12,400,560 | ||||||
Standard Life Aberdeen Plc | 107,951 | 297,924 | ||||||
Taylor Wimpey Plc | 154,774 | 222,714 | ||||||
TechnipFMC Plc | 1,633,385 | 11,009,015 | ||||||
Tesco Plc | 71,635,321 | 202,300,096 | ||||||
Trainline Plc(1)(2) | 7,166,210 | 29,752,224 | ||||||
Travis Perkins Plc | 1,668,728 | 18,140,282 | ||||||
Unilever NV | 63,107 | 3,101,790 | ||||||
Unilever Plc | 47,471 | 2,393,971 | ||||||
United Utilities Group Plc | 32,155 | 359,940 |
Vodafone Group Plc | 71,414,551 | 98,798,081 | ||||||
Weir Group Plc | 1,040,962 | 9,258,452 | ||||||
Whitbread Plc | 6,247 | 231,523 | ||||||
Willis Towers Watson Plc | 38,794 | 6,589,161 | ||||||
Wm Morrison Supermarkets Plc | 115,468 | 252,258 | ||||||
WPP Plc | 5,488,965 | 37,319,107 | ||||||
|
| |||||||
Total United Kingdom | 1,334,741,138 | |||||||
|
| |||||||
United States – 1.95% | ||||||||
Carnival Plc | 7,004 | 83,599 | ||||||
Mettler-Toledo International, Inc.(1) | 127,582 | 88,096,647 | ||||||
Mylan NV(1) | 1,022,053 | 15,238,810 | ||||||
ResMed, Inc. | 428,924 | 63,176,216 | ||||||
STERIS Plc | 261,881 | 36,655,484 | ||||||
|
| |||||||
Total United States | 203,250,756 | |||||||
|
| |||||||
Total Common Stocks (Cost: $11,460,120,825) | 9,946,061,850 | |||||||
|
| |||||||
PREFERRED STOCKS – 0.18% | ||||||||
Germany – 0.18% | ||||||||
Bayerische Motoren Werke AG | 2,242 | 95,073 | ||||||
Fuchs Petrolub SE | 2,833 | 101,055 | ||||||
Henkel AG & Co. KGaA | 7,664 | 612,979 | ||||||
Porsche Automobil Holding SE | 7,021 | 293,481 | ||||||
Sartorius AG | 1,443 | 344,986 | ||||||
Volkswagen AG | 146,845 | 16,916,046 | ||||||
|
| |||||||
Total Germany | 18,363,620 | |||||||
|
| |||||||
Total Preferred Stocks (Cost: $23,282,193) | 18,363,620 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS – 3.69% | ||||||||
Money Market Funds – 3.60% | ||||||||
Goldman Sachs Financial Square Government Fund - Class I, 0.34%(4) | 374,976,487 | 374,976,487 | ||||||
|
| |||||||
Total Money Market Funds (Cost: $374,976,487) | 374,976,487 | |||||||
|
| |||||||
Principal Amount | Value | |||||||
Time Deposits – 0.09% | ||||||||
Brown Brothers Harriman, -1.86% due 04/01/2020 | CHF | 33 | 34 | |||||
Brown Brothers Harriman, -0.58% due 04/01/2020 | DKK | 387,677 | 57,272 | |||||
Brown Brothers Harriman, -0.11% due 04/01/2020 | SEK | 325,727 | 32,927 | |||||
Brown Brothers Harriman, 0.01% due 04/01/2020 | NOK | 104,104 | 10,014 | |||||
Brown Brothers Harriman, 0.01% due 04/01/2020 | SGD | 38,879 | 27,353 | |||||
Brown Brothers Harriman, 0.02% due 04/01/2020 | AUD | 306,196 | 188,341 |
Brown Brothers Harriman, 0.03% due 04/01/2020 | GBP | 516 | 641 | |||||
Brown Brothers Harriman, 0.35% due 04/01/2020 | NZD | 51,132 | 30,510 | |||||
Brown Brothers Harriman, 0.63% due 04/01/2020 | HKD | 167,525 | 21,608 | |||||
Citibank, London, -0.65% due 04/01/2020 | EUR | 2,141,696 | 2,362,076 | |||||
Citibank, London, 0.03% due 04/01/2020 | GBP | 4,505,715 | 5,596,549 | |||||
Citibank, New York, 0.15% due 04/01/2020 | $ | 941,124 | 941,124 | |||||
ING Bank, Amsterdam, -1.86% due 04/01/2020 | CHF | 135,672 | 140,959 | |||||
Sumitomo, Tokyo, -0.27% due 04/01/2020 | JPY | 30,847,088 | 286,883 | |||||
|
| |||||||
Total Time Deposits (Cost: $9,696,291) | 9,696,291 | |||||||
|
| |||||||
Total Short-Term Investments (Cost: $384,672,778) | 384,672,778 | |||||||
|
| |||||||
TOTAL INVESTMENTS IN SECURITIES – 99.20% | 10,349,098,248 | |||||||
|
| |||||||
OTHER ASSETS IN EXCESS OF LIABILITIES – 0.80% | 83,663,566 | |||||||
|
| |||||||
TOTAL NET ASSETS – 100.00% | $ | 10,432,761,814 | ||||||
|
|
Percentages are stated as a percent of net assets.
Principal amounts are denominated in the currency in which the security was purchased.
ADR American Depositary Receipt
GDR Global Depositary Receipt
REIT Real Estate Investment Trust
AUD Australian Dollar
CHF Swiss Franc
DKK Danish Krone
EUR Euro
GBP British Pound
HKD Hong Kong Dollar
JPY Japanese Yen
NOK Norwegian Krone
NZD New Zealand Dollar
SEK Swedish Krona
SGD Singapore Dollar
(1) | Non-income producing security. |
(2) | Security was purchased exempt from registration in the U.S. pursuant to Rule 144(A) under the Securities Act of 1933. The value of these securities total $199,144,056, which represents 1.91% of total net assets. |
(3) | Amount calculated is less than 0.005%. |
(4) | Represents annualized seven-day yield as of the close of the reporting period. |
(5) | Security that is categorized as Level 3 per the Trust’s fair value hierarchy. These securities represent $19,542 or 0.00% of the Fund’s net assets. |
The accompanying notes are an integral part of this Schedule of Investments.
COMMON STOCKS | % of Net Assets | |||
Healthcare | 15.95 | % | ||
Financials | 13.39 | % | ||
Industrials | 13.35 | % | ||
Consumer Discretionary | 12.37 | % | ||
Information Technology | 11.92 | % | ||
Communication Services | 9.59 | % | ||
Consumer Staples | 8.39 | % | ||
Energy | 4.65 | % | ||
Utilities | 2.62 | % | ||
Materials | 2.42 | % | ||
Real Estate | 0.68 | % | ||
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Total Common Stocks | 95.33 | % | ||
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PREFERRED STOCKS | ||||
Consumer Discretionary | 0.18 | % | ||
Consumer Staples | 0.00 | %(1) | ||
Healthcare | 0.00 | %(1) | ||
Materials | 0.00 | %(1) | ||
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Total Preferred Stocks | 0.18 | |||
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SHORT-TERM INVESTMENTS | 3.69 | % | ||
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TOTAL INVESTMENTS | 99.20 | % | ||
OTHER ASSETS IN EXCESS OF LIABILITIES | 0.80 | % | ||
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TOTAL NET ASSETS | 100.00 | % | ||
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(1) | Amount calculated is less than 0.005%. |
1. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS
a) Investment Valuation Policies – The Net Asset Value (“NAV”) of the Funds’ shares are generally valued as of the close of the regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time, on each day the NYSE is open. The NAV per share of each Fund is computed by dividing the total net assets of the Fund by the total number of shares outstanding. For purposes of calculating the NAV, portfolio securities and derivative instruments are valued using valuation methods adopted by the Trust’s Board of Trustees (the “Board”).
The Board has delegated responsibility for applying approved valuation policies to the Adviser. The Adviser monitors the continual appropriateness of valuation methods applied and determines if adjustments should be made in light of market factor changes and events affecting issuers. The Adviser performs a series of activities to provide reasonable assurance of the accuracy of the prices utilized including: periodic vendor due diligence meetings and reviewing the results of back testing on a monthly basis. The Adviser provides the Board with reporting on the results of the back testing as well as positions which were fair valued during the period.
The Board has approved a Valuation Committee whose function is to monitor the valuation of portfolio securities and derivative instruments and determine in good faith the fair value of the Funds’ holdings after considering all relevant factors. The Valuation Committee is generally responsible for overseeing the day-to-day valuation processes and is authorized to make all necessary determinations to fair value the portfolio securities and other assets for which market quotations are not readily available or if it is deemed that the prices obtained from brokers, dealers or independent pricing services are unreliable.
Additionally, the Board has adopted valuation procedures that allow for the use of fair value pricing in appropriate circumstances. For example, such circumstances may arise when trading in a security has been halted or suspended, when a security has been delisted from a national exchange, when a security has not been traded for an extended period of time, or when a significant event with respect to a security occurs after the close of the market or exchange on which the security principally trades and before the time a Fund calculates its own share price. If there is no price, or in the Adviser’s determination the price provided for a security by an independent pricing agent or broker does not represent fair value, then the security will be fair valued in accordance with procedures adopted by the Board. Thinly traded securities and certain foreign securities may be impacted more by the use of fair valuations than other securities. In using fair value pricing, a Fund attempts to establish the price that it might reasonably have expected to receive upon a sale of the security at 4:00 p.m. Eastern time. Valuing securities at fair value involves greater reliance on judgment than valuation of securities based on readily available market quotations. When using fair value to price securities, a Fund may value those securities higher or lower than another fund using market quotations or fair value to price the same securities. Further, there can be no assurance that the Fund could obtain the fair value assigned to a security if it were to sell the security at approximately the same time at which the Fund determines its net asset value.
b) Fair Value Hierarchy – The Funds have performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination. Various inputs are used in determining the value of each Fund’s investments. These inputs are summarized in the following three broad categories:
• | Level 1 – Inputs using unadjusted quoted prices in active markets or exchanges for identical assets and liabilities. |
• | Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability. Other significant observable market inputs include, but are not limited to, quoted prices for similar instruments in active markets, quoted adjusted prices in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which the majority of significant inputs and significant value drivers are observable in active markets. |
• | Level 3 – Significant unobservable inputs (including the Fund’s own assumptions). |
c) Valuation Techniques – Fixed-income securities, including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. Treasury obligations, sovereign issues, bank loans, convertible preferred securities and non-U.S. bonds (other than short-term securities) are valued using that day’s bid price provided by an independent pricing service. Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board. Independent pricing services typically use information provided by market makers or estimates of market values obtained from yields and other relevant data relating to investments or securities with similar characteristics. The independent pricing service’s internal models use inputs that are observable such as, among other things, issuer details, interest rates, yield curves, prepayment speeds, trade information, market color, credit risks/spreads, default rates and quoted prices for similar assets and the securities’ terms and conditions. Securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 of the fair value hierarchy.
Mortgage- and asset-backed securities are usually issued as separate tranches, or classes, of securities within each package of underlying securities. These securities are also normally valued by pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche level attributes, estimated cash flows and market-based yield spreads for each tranche and current market data and packaged collateral performance, as available. Mortgage- and asset-backed securities that use such valuation techniques and inputs are typically categorized as Level 2.
Short-term securities without a vendor price and with 60 days or less remaining to maturity when acquired by a Fund are generally valued on an amortized cost basis, which approximates fair value. These securities are typically categorized as Level 2 in the fair value hierarchy.
Equity securities traded on a national securities exchange are valued at the last reported sale price at the close of regular trading on each day the exchange is open for trading. Securities listed on the NASDAQ National Market System for which market quotations are readily available are valued using the NASDAQ Official Closing Price. These valuations are typically categorized as Level 1 in the fair value hierarchy. Securities traded on an exchange for which there have been no sales are valued at the mean between the last bid and ask price on such day. Securities and financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective securities in accordance with procedures adopted by the Board and are classified as Level 2 or Level 3 depending on the observability of inputs.
Foreign securities, currencies and other assets denominated in currencies other than U.S. dollars are translated to U.S. dollars using exchange rates obtained from independent pricing services. All assets denominated in foreign currencies are converted to U.S. dollars using the applicable currency exchange rates as of the close of the NYSE, generally 4:00 p.m. Eastern time.
Valuation adjustments may be applied to certain common and preferred stocks that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the close of the NYSE. These securities are generally valued using pricing service providers that consider the correlation of the trading patterns of the foreign securities to the intraday trading in the U.S. markets for investments. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy.
Open-ended mutual funds (including money market funds) are valued at the end of the day’s net asset value and are categorized as Level 1 of the fair value hierarchy.
Exchange traded financial derivative instruments, such as futures contracts or options contracts that are traded on a national securities or commodities exchange, are valued at the last reported sales or settlement price. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. If there was no sale activity, the financial derivative is valued at the mean between the highest bid and lowest ask price on the relevant exchange closest to the close of the NYSE and are categorized as Level 2.
OTC derivatives, including forward foreign currency exchange contracts and swap contracts, are valued by the Funds on a daily basis using observable inputs, such as quotations provided by an independent pricing service, the counterparty, dealers or brokers, whenever available and considered reliable. These securities are typically categorized as Level 2 of the fair value hierarchy.
The U.S. dollar value of forward foreign currency exchange contracts is determined using current forward currency exchange rates supplied by an independent pricing service.
Centrally cleared credit default and interest rate swap contracts are valued daily based on quotations as provided by an independent pricing service. The independent pricing services aggregate valuation information from various market participants to create a single reference value for each credit default swap contract and interest rate swap contract. These securities are typically categorized as Level 2 of the fair value hierarchy.
The Funds value the repurchase agreements they have entered based on the respective contract amounts, which approximate fair value. As such, repurchase agreements are carried at the amount of cash paid plus accrued interest receivable (or interest payable in periods of increased demand for collateral). These securities are typically categorized as Level 2 of the fair value hierarchy.
Bridge Builder International Equity Fund
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Communication Services | $ | 48,401,161 | $ | 951,864,677 | $ | — | $ | 1,000,265,838 | ||||||||
Consumer Discretionary | 218,477,962 | 1,071,733,345 | 15,099 | 1,290,226,406 | ||||||||||||
Consumer Staples | 85,380,655 | 789,739,807 | — | 875,120,462 | ||||||||||||
Energy | 11,009,015 | 474,178,306 | — | 485,187,321 | ||||||||||||
Financials | 106,339,222 | 1,290,497,369 | — | 1,396,836,591 | ||||||||||||
Health Care | 230,521,007 | 1,433,235,077 | 4,443 | 1,663,760,527 | ||||||||||||
Industrials | 66,196,813 | 1,326,736,457 | — | 1,392,933,270 | ||||||||||||
Information Technology | 398,307,799 | 845,784,271 | — | 1,244,092,070 | ||||||||||||
Materials | — | 252,691,820 | — | 252,691,820 | ||||||||||||
Real Estate | — | 70,878,496 | — | 70,878,496 | ||||||||||||
Utilities | — | 274,069,049 | — | 274,069,049 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Consumer Discretionary | — | 17,304,600 | — | 17,304,600 | ||||||||||||
Consumer Staples | — | 612,979 | — | 612,979 | ||||||||||||
Health Care | — | 344,986 | — | 344,986 | ||||||||||||
Materials | — | 101,055 | — | 101,055 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Money Market Funds | 374,976,487 | — | — | 374,976,487 | ||||||||||||
Time Deposits | — | 9,696,291 | — | 9,696,291 | ||||||||||||
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Total Assets | $ | 1,539,610,121 | $ | 8,809,468,585 | $ | 19,542 | $ | 10,349,098,248 | ||||||||
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