Gallery Trust
Mondrian International Value
Equity Fund
January 31, 2024
(Unaudited)
Schedule of Investments
COMMON STOCK — 99.3% | ||||||||
Number of Shares | Value | |||||||
AUSTRALIA — 1.5% | ||||||||
Aurizon Holdings Ltd | 4,918,801 | $ | 12,125,040 | |||||
Total Australia | 12,125,040 | |||||||
AUSTRIA — 1.0% | ||||||||
ANDRITZ | 133,289 | 8,205,569 | ||||||
Total Austria | 8,205,569 | |||||||
FRANCE — 9.2% | ||||||||
Bouygues SA | 502,685 | 18,414,582 | ||||||
Cie de Saint-Gobain SA | 171,743 | 12,143,305 | ||||||
Kering SA | 46,994 | 19,303,819 | ||||||
Sanofi SA | 220,162 | 22,048,146 | ||||||
Total France | 71,909,852 | |||||||
GERMANY — 9.6% | ||||||||
Allianz SE | 89,022 | 23,784,447 | ||||||
Continental AG | 157,252 | 12,845,972 | ||||||
Deutsche Post | 176,899 | 8,472,390 | ||||||
Evonik Industries AG | 902,336 | 16,599,435 | ||||||
HeidelbergMaterials AG | 149,542 | 13,809,321 | ||||||
Total Germany | 75,511,565 | |||||||
HONG KONG — 5.1% | ||||||||
CK Hutchison Holdings Ltd | 3,347,000 | 17,286,656 | ||||||
Jardine Matheson Holdings Ltd | 301,715 | 12,115,124 | ||||||
WH Group Ltd | 18,494,139 | 10,911,453 | ||||||
Total Hong Kong | 40,313,233 | |||||||
ITALY — 7.0% | ||||||||
Enel SpA | 3,704,333 | 25,275,955 | ||||||
Eni SpA | 502,577 | 8,011,717 | ||||||
Snam SpA | 4,476,062 | 21,860,759 | ||||||
Total Italy | 55,148,431 | |||||||
Gallery Trust
Mondrian International Value
Equity Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
JAPAN — 27.7% | ||||||||
FUJIFILM Holdings Corp | 320,100 | $ | 20,289,516 | |||||
Fujitsu Ltd | 168,700 | 23,350,497 | ||||||
Hitachi Ltd | 194,800 | 15,301,608 | ||||||
Honda Motor Co Ltd | 1,139,300 | 12,735,167 | ||||||
Kao Corp | 152,000 | 6,014,271 | ||||||
Kyocera Corp | 837,500 | 12,261,066 | ||||||
MINEBEA MITSUMI | 527,700 | 10,907,670 | ||||||
Mitsubishi Electric Corp | 629,800 | 9,346,421 | ||||||
Nippon Telegraph & Telephone Corp | 7,212,200 | 9,056,756 | ||||||
Secom Co Ltd | 186,400 | 13,528,980 | ||||||
Sekisui Chemical Co Ltd | 389,100 | 5,555,392 | ||||||
Sony Corp Group | 256,500 | 25,154,544 | ||||||
Sumitomo Metal Mining | 331,700 | 9,167,750 | ||||||
Takeda Pharmaceutical Co Ltd | 602,400 | 17,704,825 | ||||||
Tokio Marine Holdings Inc | 340,056 | 8,966,404 | ||||||
Toyota Industries Corp | 214,100 | 18,108,387 | ||||||
Total Japan | 217,449,254 | |||||||
NETHERLANDS — 2.9% | ||||||||
Koninklijke Philips NV * | 1,061,583 | 22,458,286 | ||||||
Total Netherlands | 22,458,286 | |||||||
SINGAPORE — 4.1% | ||||||||
Singapore Telecommunications Ltd | 5,992,102 | 10,680,833 | ||||||
United Overseas Bank Ltd | 1,012,140 | 21,334,433 | ||||||
Total Singapore | 32,015,266 | |||||||
SPAIN — 3.2% | ||||||||
Banco Santander SA | 6,155,633 | 24,739,753 | ||||||
Total Spain | 24,739,753 | |||||||
SWITZERLAND — 4.0% | ||||||||
Novartis AG | 200,609 | 20,745,739 | ||||||
Sandoz Group * | 311,105 | 10,669,364 | ||||||
Total Switzerland | 31,415,103 | |||||||
Gallery Trust
Mondrian International Value
Equity Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
TAIWAN — 1.6% | ||||||||
Taiwan Semiconductor Manufacturing Co Ltd | 607,000 | $ | 12,151,229 | |||||
Total Taiwan | 12,151,229 | |||||||
UNITED KINGDOM — 22.4% | ||||||||
Associated British Foods PLC | 417,276 | 12,359,435 | ||||||
BP PLC | 2,835,537 | 16,560,700 | ||||||
GSK PLC | 1,188,133 | 23,498,558 | ||||||
Imperial Brands PLC | 1,011,314 | 24,276,696 | ||||||
Kingfisher PLC | 4,540,028 | 12,622,754 | ||||||
Lloyds Banking Group PLC | 42,455,654 | 22,758,551 | ||||||
Shell PLC | 522,796 | 16,207,875 | ||||||
SSE PLC | 840,829 | 17,907,913 | ||||||
Tesco PLC | 3,113,466 | 11,282,006 | ||||||
WPP PLC | 1,878,729 | 18,168,215 | ||||||
Total United Kingdom | 175,642,703 | |||||||
Total Common Stock | ||||||||
(Cost $739,129,666) | 779,085,284 | |||||||
Total Value of Securities — 99.3% | ||||||||
(Cost $739,129,666) | $ | 779,085,284 | ||||||
Percentages are based on Net Assets of $784,755,770.
* | Non-income producing security. |
Ltd — Limited |
PLC — Public Limited Company |
MON-QH-001-1600
Gallery Trust
Mondrian Emerging Markets Value
Equity Fund
January 31, 2024
(Unaudited)
Schedule of Investments
COMMON STOCK — 92.2% | ||||||||
Number of Shares | Value | |||||||
BRAZIL — 7.2% | ||||||||
Hypera SA | 33,300 | $ | 213,536 | |||||
Itau Unibanco Holding SA Sponsored ADR | 13,827 | 91,258 | ||||||
Petroleo Brasileiro ADR | 24,578 | 419,546 | ||||||
Suzano SA | 31,000 | 323,928 | ||||||
Vale Sponsored ADR Class B | 26,411 | 361,567 | ||||||
Total Brazil | 1,409,835 | |||||||
CANADA — 1.5% | ||||||||
Barrick Gold Corp US | 18,488 | 288,413 | ||||||
Total Canada | 288,413 | |||||||
CHILE — 0.9% | ||||||||
Sociedad Quimica y Minera de Chile Sponsored ADR | 4,238 | 178,293 | ||||||
Total Chile | 178,293 | |||||||
CHINA — 25.1% | ||||||||
Alibaba Group Holding Ltd | 94,884 | 851,012 | ||||||
Autohome Inc Sponsored ADR | 12,269 | 309,179 | ||||||
Baidu Inc Sponsored ADR * | 1,995 | 210,093 | ||||||
China Medical System Holdings Ltd | 108,000 | 154,336 | ||||||
China Merchants Bank Class A | 63,300 | 271,246 | ||||||
China Merchants Bank Co Ltd Class H | 14,000 | 51,035 | ||||||
China Yangtze Power Class A | 62,300 | 211,882 | ||||||
CSPC Pharmaceutical Group Ltd | 475,520 | 349,835 | ||||||
Gree Electric Appliances Inc Class A | 58,696 | 288,675 | ||||||
Jiangsu Yanghe Brewery Joint-Stock Co Ltd Class A | 12,212 | 155,628 | ||||||
LONGi Green Energy Technology Class A | 75,300 | 202,998 | ||||||
Midea Group Co Ltd Class A | 35,203 | 285,693 | ||||||
Ping An Insurance Group Co of China Ltd Class H | 89,500 | 376,217 | ||||||
Tencent Holdings Ltd | 13,400 | 465,132 | ||||||
Tingyi Cayman Islands Holding Corp Class H | 220,000 | 219,062 | ||||||
Wuliangye Yibin Class A | 11,200 | 197,700 | ||||||
Xinyi Solar Holdings Ltd | 262,000 | 120,295 |
Gallery Trust
Mondrian Emerging Markets Value
Equity Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
CHINA (continued) | ||||||||
Yum China Holdings Inc | 5,101 | $ | 176,444 | |||||
Total China | 4,896,462 | |||||||
HONG KONG — 1.4% | ||||||||
WH Group Ltd | 455,728 | 268,877 | ||||||
Total Hong Kong | 268,877 | |||||||
INDIA — 11.7% | ||||||||
Axis Bank Inc | 39,979 | 514,023 | ||||||
HCL Technologies Ltd | 8,306 | 157,529 | ||||||
HDFC Bank | 39,205 | 689,452 | ||||||
Infosys Ltd Sponsored ADR | 13,765 | 273,373 | ||||||
Power Grid Corp of India Ltd | 122,543 | 382,745 | ||||||
Reliance Industries Ltd | 7,528 | 258,636 | ||||||
Total India | 2,275,758 | |||||||
INDONESIA — 3.9% | ||||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,392,839 | 501,750 | ||||||
Telkom Indonesia Persero | 1,063,000 | 266,629 | ||||||
Total Indonesia | 768,379 | |||||||
MALAYSIA — 0.8% | ||||||||
Malayan Banking Bhd | 75,500 | 147,678 | ||||||
Total Malaysia | 147,678 | |||||||
MEXICO — 3.0% | ||||||||
Grupo Aeroportuario Pacifico Class B | 16,319 | 254,103 | ||||||
Grupo Financiero Banorte SAB de CV Sponsored Class O | 32,301 | 328,443 | ||||||
Total Mexico | 582,546 | |||||||
PERU — 2.6% | ||||||||
Credicorp Ltd | 3,454 | 512,677 | ||||||
Total Peru | 512,677 | |||||||
Gallery Trust
Mondrian Emerging Markets Value
Equity Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
PORTUGAL — 1.3% | ||||||||
Jeronimo Martins SGPS | 11,103 | $ | 252,518 | |||||
Total Portugal | 252,518 | |||||||
SAUDI ARABIA — 3.3% | ||||||||
Saudi National Bank | 36,697 | 396,307 | ||||||
Saudi Telecom | 22,260 | 242,225 | ||||||
Total Saudi Arabia | 638,532 | |||||||
SOUTH KOREA — 9.0% | ||||||||
KT Corp * | 4,662 | 123,487 | ||||||
KT Corp ADR * | 11,837 | 156,130 | ||||||
LG Chem Ltd | 468 | 151,765 | ||||||
Samsung Electronics Co Ltd | 7,631 | 414,644 | ||||||
Samsung Fire & Marine Insurance Co Ltd | 1,443 | 285,541 | ||||||
Shinhan Financial Group Co Ltd | 13,524 | 414,377 | ||||||
SK Hynix Inc | 1,978 | 198,078 | ||||||
Total South Korea | 1,744,022 | |||||||
TAIWAN — 14.3% | ||||||||
CTBC Financial Holding Co Ltd | 327,000 | 296,659 | ||||||
Hon Hai Precision Industry Co Ltd | 152,000 | 497,226 | ||||||
MediaTek Inc | 7,000 | 216,003 | ||||||
Taiwan Semiconductor Manufacturing Co Ltd | 89,000 | 1,781,647 | ||||||
Total Taiwan | 2,791,535 | |||||||
UNITED ARAB EMIRATES — 2.5% | ||||||||
Adnoc Gas | 274,076 | 239,988 | ||||||
First Abu Dhabi Bank PJSC | 59,493 | 237,181 | ||||||
Total United Arab Emirates | 477,169 | |||||||
UNITED KINGDOM — 3.7% | ||||||||
Mondi PLC | 17,193 | 308,087 |
Gallery Trust
Mondrian Emerging Markets Value
Equity Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
UNITED KINGDOM (continued) | ||||||||
Unilever PLC | 8,324 | $ | 405,773 | |||||
Total United Kingdom | 713,860 | |||||||
Total Common Stock | ||||||||
(Cost $18,026,551) | 17,946,554 | |||||||
PREFERRED STOCK — 6.8% | ||||||||
BRAZIL — 1.3% | ||||||||
Itausa SA** | 124,290 | 251,870 | ||||||
SOUTH KOREA — 5.5% | ||||||||
LG Chem Ltd** | 743 | 150,634 | ||||||
Samsung Electronics Co Ltd** | 21,129 | 924,518 | ||||||
1,075,152 | ||||||||
Total Preferred Stock | ||||||||
(Cost $1,237,866) | 1,327,022 | |||||||
Total Value of Securities — 99.0% | ||||||||
(Cost $19,264,417) | $ | 19,273,576 | ||||||
Percentages are based on Net Assets of $19,472,559.
* | Non-income producing security. |
** | There is currently no rate available. |
ADR — American Depositary Receipt |
Ltd — Limited |
PLC — Public Limited Company |
MON-QH-001-1600
Gallery Trust
Mondrian Global Listed
Infrastructure Fund
January 31, 2024
(Unaudited)
Schedule of Investments
COMMON STOCK — 100.2% | ||||||||
Number of Shares | Value | |||||||
AUSTRALIA — 4.3% | ||||||||
Aurizon Holdings Ltd | 30,734 | $ | 75,760 | |||||
Total Australia | 75,760 | |||||||
CANADA — 8.5% | ||||||||
Enbridge Inc | 2,074 | 73,646 | ||||||
TC Energy | 1,914 | 75,509 | ||||||
Total Canada | 149,155 | |||||||
CHILE — 3.0% | ||||||||
Enel Americas SA | 526,148 | 53,322 | ||||||
Total Chile | 53,322 | |||||||
CHINA — 6.4% | ||||||||
Guangdong Investment Ltd | 84,000 | 48,835 | ||||||
Jiangsu Expressway Co Ltd Class H | 68,000 | 64,925 | ||||||
Total China | 113,760 | |||||||
FRANCE — 11.4% | ||||||||
Eiffage SA | 735 | 76,903 | ||||||
Rubis SCA | 2,621 | 66,275 | ||||||
Veolia Environnement SA | 1,783 | 58,097 | ||||||
Total France | 201,275 | |||||||
ITALY — 11.5% | ||||||||
Enav SpA | 20,221 | 74,836 | ||||||
Enel SpA | 11,002 | 75,071 | ||||||
Snam SpA | 10,742 | 52,463 | ||||||
Total Italy | 202,370 | |||||||
MALAYSIA — 3.8% | ||||||||
Westports Holdings | 82,400 | 66,191 | ||||||
Total Malaysia | 66,191 | |||||||
MEXICO — 5.2% | ||||||||
Grupo Aeroportuario del Centro Norte Class B | 3,496 | 31,953 |
Gallery Trust
Mondrian Global Listed
Infrastructure Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
MEXICO (continued) | ||||||||
Promotora y Operadora de Infraestructura SAB de CV | 6,119 | $ | 60,225 | |||||
Total Mexico | 92,178 | |||||||
PORTUGAL — 3.7% | ||||||||
EDP - Energias de Portugal SA | 14,678 | 65,470 | ||||||
Total Portugal | 65,470 | |||||||
SPAIN — 11.2% | ||||||||
Cellnex Telecom | 1,808 | 69,567 | ||||||
Iberdrola SA | 4,917 | 59,205 | ||||||
Redeia Corp SA | 4,152 | 69,089 | ||||||
Total Spain | 197,861 | |||||||
UNITED KINGDOM — 3.2% | ||||||||
SSE PLC | 2,627 | 55,950 | ||||||
Total United Kingdom | 55,950 | |||||||
UNITED STATES — 28.0% | ||||||||
American Tower REIT | 335 | 65,543 | ||||||
CSX Corp | 2,097 | 74,863 | ||||||
Edison International | 1,095 | 73,891 | ||||||
Eversource Energy | 979 | 53,081 | ||||||
HCA Healthcare Inc | 260 | 79,274 | ||||||
Norfolk Southern | 327 | 76,923 | ||||||
Prologis | 557 | 70,566 | ||||||
Total United States | 494,141 | |||||||
Total Common Stock | ||||||||
(Cost $1,804,976) | 1,767,433 |
Gallery Trust
Mondrian Global Listed
Infrastructure Fund
January 31, 2024
(Unaudited)
RIGHTS — 0.0% | ||||||||
Number of Rights | Value | |||||||
Iberdrola * (A)(B) | 4,917 | $ | 1,011 | |||||
Total Rights | ||||||||
(Cost $–) | 1,011 | |||||||
Total Value of Securities — 100.2% | ||||||||
(Cost $1,804,976) | $ | 1,768,444 | ||||||
Percentages are based on Net Assets of $1,764,154.
* | Non-income producing security. |
(A) | Expiration date is unavailable. |
(B) | Strike price is unavailable. |
Ltd — Limited |
PLC — Public Limited Company |
REIT — Real Estate Investment Trust |
MON-QH-001-1600
Gallery Trust
Mondrian Global Equity
Value Fund
January 31, 2024
(Unaudited)
Schedule of Investments
COMMON STOCK — 97.0% | ||||||||
Number of Shares | Value | |||||||
AUSTRALIA — 1.4% | ||||||||
Aurizon Holdings Ltd | 995,870 | $ | 2,454,859 | |||||
Total Australia | 2,454,859 | |||||||
BRAZIL — 0.9% | ||||||||
Hypera SA | 236,800 | 1,518,476 | ||||||
Total Brazil | 1,518,476 | |||||||
CANADA — 2.0% | ||||||||
TC Energy | 88,800 | 3,503,256 | ||||||
Total Canada | 3,503,256 | |||||||
CHINA — 3.9% | ||||||||
Alibaba Group Holding Ltd | 366,700 | 3,288,924 | ||||||
Autohome Inc ADR | 33,483 | 843,772 | ||||||
Midea Group Co Ltd Class A | 193,755 | 1,572,436 | ||||||
Ping An Insurance Group Co of China Ltd Class H | 247,500 | 1,040,377 | ||||||
Total China | 6,745,509 | |||||||
FRANCE — 2.2% | ||||||||
Sanofi SA | 38,333 | 3,838,862 | ||||||
Total France | 3,838,862 | |||||||
GERMANY — 1.2% | ||||||||
Deutsche Post | 43,544 | 2,085,494 | ||||||
Total Germany | 2,085,494 | |||||||
HONG KONG — 0.5% | ||||||||
WH Group Ltd | 1,367,457 | 806,793 | ||||||
Total Hong Kong | 806,793 | |||||||
INDIA — 1.4% | ||||||||
HDFC Bank | 138,048 | 2,427,686 | ||||||
Total India | 2,427,686 | |||||||
Gallery Trust
Mondrian Global Equity
Value Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
ITALY — 4.6% | ||||||||
Enel SpA | 684,979 | $ | 4,673,850 | |||||
Snam SpA | 644,430 | 3,147,349 | ||||||
Total Italy | 7,821,199 | |||||||
JAPAN — 13.1% | ||||||||
Fujitsu Ltd | 30,600 | 4,235,479 | ||||||
Hitachi Ltd | 29,300 | 2,301,525 | ||||||
SCSK Corp | 129,600 | 2,544,648 | ||||||
Sony Corp Group | 51,500 | 5,050,522 | ||||||
Sumitomo Metal Mining | 28,700 | 793,230 | ||||||
Sundrug Co Ltd | 143,500 | 4,328,000 | ||||||
Toyota Industries Corp | 35,700 | 3,019,474 | ||||||
Total Japan | 22,272,878 | |||||||
NETHERLANDS — 2.4% | ||||||||
Koninklijke Philips NV * | 192,313 | 4,068,472 | ||||||
Total Netherlands | 4,068,472 | |||||||
PERU — 0.8% | ||||||||
Credicorp Ltd | 8,939 | 1,326,816 | ||||||
Total Peru | 1,326,816 | |||||||
SOUTH KOREA — 0.8% | ||||||||
Samsung Electronics Co Ltd | 24,331 | 1,322,070 | ||||||
Total South Korea | 1,322,070 | |||||||
TAIWAN — 1.4% | ||||||||
Taiwan Semiconductor Manufacturing Co Ltd | 122,000 | 2,442,257 | ||||||
Total Taiwan | 2,442,257 | |||||||
UNITED KINGDOM — 6.8% | ||||||||
Associated British Foods PLC | 73,180 | 2,167,542 | ||||||
GSK PLC | 114,680 | 2,268,109 | ||||||
Imperial Brands PLC | 164,343 | 3,945,071 | ||||||
Lloyds Banking Group PLC | 6,120,350 | 3,280,842 | ||||||
Total United Kingdom | 11,661,564 | |||||||
Gallery Trust
Mondrian Global Equity
Value Fund
January 31, 2024
(Unaudited)
COMMON STOCK — continued | ||||||||
| Number of Shares | Value | ||||||
UNITED STATES — 53.6% | ||||||||
AbbVie Inc | 28,808 | $ | 4,736,035 | |||||
Amazon.com * | 19,461 | 3,020,347 | ||||||
American Tower REIT | 16,237 | 3,176,769 | ||||||
Autoliv | 33,146 | 3,550,600 | ||||||
Berkshire Hathaway Class B * | 10,937 | 4,196,965 | ||||||
CDW Corp | 17,043 | 3,863,989 | ||||||
Centene Corp * | 49,290 | 3,712,030 | ||||||
CNH Industrial | 132,482 | 1,589,784 | ||||||
Colgate-Palmolive | 49,624 | 4,178,341 | ||||||
Dollar Tree Inc * | 36,935 | 4,824,450 | ||||||
DuPont de Nemours | 53,683 | 3,317,609 | ||||||
Exxon Mobil Corp | 23,722 | 2,438,859 | ||||||
HCA Healthcare Inc | 16,561 | 5,049,450 | ||||||
Kenvue Inc | 141,903 | 2,945,909 | ||||||
L3Harris Technologies Inc | 21,946 | 4,573,985 | ||||||
Laboratory Corp of America Holdings | 18,568 | 4,127,666 | ||||||
Meta Platforms Inc Class A * | 12,870 | 5,021,102 | ||||||
Micron Technology Inc | 27,659 | 2,371,759 | ||||||
Microsoft Corp | 10,090 | 4,011,582 | ||||||
NNN REIT Class REIT | 37,369 | 1,507,465 | ||||||
Prologis | 4,863 | 616,093 | ||||||
Stericycle Inc * | 66,238 | 3,179,424 | ||||||
UnitedHealth Group | 7,112 | 3,639,495 | ||||||
Visa Inc Class A | 11,267 | 3,078,820 | ||||||
Walmart Inc | 24,454 | 4,041,024 | ||||||
Wells Fargo & Co | 95,619 | 4,798,161 | ||||||
Total United States | 91,567,713 | |||||||
Total Common Stock | ||||||||
(Cost $146,426,390) | 165,863,904 |
Gallery Trust
Mondrian Global Equity
Value Fund
January 31, 2024
(Unaudited)
PREFERRED STOCK — 2.0% | ||||||||
Number of Shares | Value | |||||||
SOUTH KOREA — 2.0% | ||||||||
Samsung Electronics Co Ltd** | 78,428 | 3,431,684 | ||||||
Total Preferred Stock | ||||||||
(Cost $3,606,791) | 3,431,684 | |||||||
Total Value of Securities — 99.0% | ||||||||
(Cost $150,033,181) | $ | 169,295,588 | ||||||
Percentages are based on Net Assets of $171,009,785.
* | Non-income producing security. |
** | There is currently no rate available. |
ADR — American Depositary Receipt |
Ltd — Limited |
PLC — Public Limited Company |
REIT — Real Estate Investment Trust |
MON-QH-001-1600