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: 811-04015
Eaton Vance Mutual Funds Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Deidre E. Walsh
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number)
January 31
Date of Fiscal Year End
July 31, 2023
Date of Reporting Period
Item 1. Reports to Stockholders
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Ten Years |
Class A at NAV | 04/01/2010 | 04/01/2010 | 4.34% | 11.55% | 3.53% | 5.13% |
Class A with 5.25% Maximum Sales Charge | — | — | (1.11) | 5.72 | 2.42 | 4.57 |
Class I at NAV | 04/01/2010 | 04/01/2010 | 4.47 | 11.86 | 3.79 | 5.41 |
Class R at NAV | 08/10/2015 | 04/01/2010 | 4.24 | 11.27 | 3.28 | 4.93 |
Class R6 at NAV | 08/10/2015 | 04/01/2010 | 4.48 | 11.81 | 3.81 | 5.43 |
MSCI EAFE Index | — | — | 6.65% | 16.79% | 4.54% | 5.20% |
% Total Annual Operating Expense Ratios3 | Class A | Class I | Class R | Class R6 |
Gross | 0.83% | 0.58% | 1.08% | 0.55% |
Net | 0.76 | 0.51 | 1.01 | 0.48 |
Sector Allocation (% of net assets)1 |
Geographic Allocation (% of common stocks) |
Top 10 Holdings (% of net assets)1 | |
Nestle S.A. | 1.2% |
Cie Financiere Richemont S.A., Class A | 1.0 |
E.ON SE | 0.9 |
Air Liquide S.A. | 0.9 |
Novo Nordisk A/S, Class B | 0.9 |
Shell PLC | 0.8 |
TotalEnergies SE | 0.8 |
CSL, Ltd. | 0.7 |
Deutsche Telekom AG | 0.7 |
SAP SE | 0.7 |
Total | 8.6% |
1 | Excludes cash and cash equivalents. |
1 | MSCI EAFE Index is an unmanaged index of equities in the developed markets, excluding the U.S. and Canada. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R is linked to Class A and the performance of Class R6 is linked to Class I. Performance presented in the Financial Highlights included in the financial statements is not linked. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 5/31/24. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Fund profile subject to change due to active management. |
Beginning Account Value (2/1/23) | Ending Account Value (7/31/23) | Expenses Paid During Period* (2/1/23 – 7/31/23) | Annualized Expense Ratio | |
Actual | ||||
Class A | $1,000.00 | $1,043.40 | $3.80** | 0.75% |
Class I | $1,000.00 | $1,044.70 | $2.53** | 0.50% |
Class R | $1,000.00 | $1,042.40 | $5.06** | 1.00% |
Class R6 | $1,000.00 | $1,044.80 | $2.38** | 0.47% |
Hypothetical | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,021.08 | $3.76** | 0.75% |
Class I | $1,000.00 | $1,022.32 | $2.51** | 0.50% |
Class R | $1,000.00 | $1,019.84 | $5.01** | 1.00% |
Class R6 | $1,000.00 | $1,022.46 | $2.36** | 0.47% |
* | Expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on January 31, 2023. |
** | Absent an allocation of certain expenses to affiliate(s), expenses would be higher. |
Common Stocks — 99.2% |
Security | Shares | Value | |
Australia — 8.8% | |||
Abacus Property Group | 53,600 | $ 95,943 | |
AGL Energy, Ltd. | 148,900 | 1,220,314 | |
Altium, Ltd. | 22,100 | 568,686 | |
Alumina, Ltd.(1) | 168,000 | 162,171 | |
ANZ Group Holdings, Ltd. | 36,600 | 634,979 | |
APA Group | 220,500 | 1,483,330 | |
ASX, Ltd.(1) | 7,100 | 296,628 | |
Atlas Arteria, Ltd. | 59,800 | 252,784 | |
Aurizon Holdings, Ltd. | 93,148 | 238,721 | |
Austal, Ltd. | 72,300 | 106,996 | |
Bapcor, Ltd. | 64,365 | 270,791 | |
BHP Group, Ltd. | 58,644 | 1,825,111 | |
BrainChip Holdings, Ltd.(1)(2) | 740,400 | 179,559 | |
Brambles, Ltd. | 73,365 | 694,089 | |
BWP Trust | 45,954 | 113,483 | |
carsales.com, Ltd. | 62,700 | 1,048,080 | |
Centuria Industrial REIT(1) | 91,244 | 195,386 | |
Centuria Office REIT | 67,500 | 65,818 | |
Charter Hall Long Wale REIT | 52,200 | 144,477 | |
Charter Hall Retail REIT | 75,300 | 190,135 | |
Cleanaway Waste Management, Ltd. | 123,300 | 228,854 | |
Codan, Ltd.(1) | 35,500 | 179,453 | |
Coles Group, Ltd. | 110,100 | 1,346,368 | |
Collins Foods, Ltd. | 20,500 | 138,369 | |
Computershare, Ltd. | 64,700 | 1,091,182 | |
Cromwell Property Group | 165,783 | 61,375 | |
CSL, Ltd. | 18,810 | 3,387,985 | |
CSR, Ltd. | 49,000 | 189,013 | |
Dexus | 66,800 | 369,724 | |
Endeavour Group, Ltd.(1) | 77,400 | 316,360 | |
Fortescue Metals Group, Ltd. | 21,869 | 321,490 | |
G8 Education, Ltd. | 155,500 | 115,064 | |
GPT Group (The) | 93,066 | 272,019 | |
GUD Holdings, Ltd.(1) | 29,000 | 194,779 | |
Hansen Technologies, Ltd.(1) | 66,850 | 235,655 | |
Harvey Norman Holdings, Ltd.(1) | 71,004 | 180,639 | |
Infomedia, Ltd.(1) | 61,241 | 70,692 | |
Ingenia Communities Group(1) | 56,700 | 155,906 | |
InvoCare, Ltd.(1) | 17,400 | 143,081 | |
IPH, Ltd. | 40,216 | 214,078 | |
IRESS, Ltd.(1) | 53,584 | 374,590 | |
JB Hi-Fi, Ltd.(1) | 10,999 | 338,283 | |
Lendlease Corp., Ltd.(1) | 44,678 | 259,739 | |
Link Administration Holdings, Ltd.(1) | 96,491 | 99,388 |
Security | Shares | Value | |
Australia (continued) | |||
Lottery Corp. Ltd. | 131,400 | $ 457,258 | |
Medibank Private, Ltd. | 101,100 | 238,688 | |
Mirvac Group | 244,300 | 385,090 | |
Monadelphous Group, Ltd. | 19,351 | 177,663 | |
National Australia Bank, Ltd. | 41,800 | 800,723 | |
National Storage REIT | 49,500 | 77,316 | |
New Hope Corp., Ltd. | 55,500 | 198,760 | |
Newcrest Mining, Ltd. | 23,300 | 417,931 | |
NEXTDC, Ltd.(1)(2) | 81,700 | 701,191 | |
nib holdings, Ltd.(1) | 37,000 | 206,049 | |
Nine Entertainment Co. Holdings, Ltd.(1) | 368,500 | 531,422 | |
Northern Star Resources, Ltd. | 25,696 | 200,588 | |
Orica, Ltd. | 16,599 | 176,128 | |
Orora, Ltd. | 65,655 | 158,590 | |
PEXA Group, Ltd.(2) | 12,831 | 114,468 | |
QBE Insurance Group, Ltd. | 32,600 | 346,111 | |
Qube Holdings, Ltd. | 200,231 | 396,332 | |
Region RE, Ltd. | 118,852 | 193,614 | |
Rio Tinto, Ltd. | 6,100 | 483,027 | |
Santos, Ltd. | 164,900 | 887,325 | |
Scentre Group | 281,400 | 532,491 | |
Silex Systems, Ltd.(2) | 84,900 | 206,567 | |
Steadfast Group, Ltd. | 57,200 | 224,410 | |
Stockland | 139,200 | 395,611 | |
Suncorp Group, Ltd. | 46,300 | 443,648 | |
Super Retail Group, Ltd. | 32,700 | 271,399 | |
Technology One, Ltd. | 50,588 | 535,988 | |
Telstra Group, Ltd. | 605,373 | 1,732,705 | |
TPG Telecom, Ltd.(1) | 143,163 | 483,307 | |
Transurban Group | 156,841 | 1,514,307 | |
Tyro Payments, Ltd.(1)(2) | 122,800 | 115,478 | |
Viva Energy Group, Ltd.(3) | 103,423 | 219,421 | |
Waypoint REIT, Ltd. | 90,348 | 159,309 | |
Wesfarmers, Ltd. | 50,585 | 1,690,153 | |
Westpac Banking Corp. | 43,700 | 656,849 | |
Whitehaven Coal, Ltd. | 51,161 | 239,050 | |
Woodside Energy Group, Ltd. | 94,989 | 2,448,358 | |
Woolworths Group, Ltd. | 82,196 | 2,134,534 | |
Yancoal Australia, Ltd.(1) | 46,200 | 158,646 | |
$ 41,382,072 | |||
Austria — 1.1% | |||
ams-OSRAM AG(2) | 49,100 | $ 434,610 | |
ANDRITZ AG | 8,266 | 436,428 | |
AT&S Austria Technologie & Systemtechnik AG | 3,400 | 128,413 | |
BAWAG Group AG(2)(3) | 2,540 | 123,742 |
Security | Shares | Value | |
Austria (continued) | |||
CA Immobilien Anlagen AG | 24,101 | $ 768,599 | |
DO & Co. AG | 695 | 93,914 | |
Erste Group Bank AG | 12,487 | 471,957 | |
Kontron AG | 9,400 | 204,443 | |
Mayr-Melnhof Karton AG | 1,059 | 161,669 | |
OMV AG | 11,017 | 496,361 | |
PIERER Mobility AG(1) | 3,400 | 295,848 | |
Schoeller-Bleckmann Oilfield Equipment AG | 1,500 | 90,906 | |
Strabag SE | 1,704 | 71,502 | |
Telekom Austria AG, Class A(2) | 47,242 | 359,599 | |
UNIQA Insurance Group AG | 10,300 | 84,133 | |
Verbund AG | 7,887 | 653,493 | |
voestalpine AG | 9,846 | 325,365 | |
$ 5,200,982 | |||
Belgium — 2.0% | |||
Ackermans & van Haaren NV | 5,210 | $ 907,144 | |
Aedifica S.A. | 3,400 | 233,515 | |
Ageas S.A./NV | 9,300 | 393,699 | |
Anheuser-Busch InBev S.A./NV | 15,644 | 894,925 | |
Barco NV | 10,606 | 246,823 | |
Care Property Invest NV(1) | 5,528 | 78,015 | |
Cofinimmo S.A.(1) | 3,041 | 238,000 | |
Deme Group NV | 1,100 | 145,673 | |
D'Ieteren Group | 4,359 | 761,283 | |
Econocom Group S.A./NV | 65,622 | 188,982 | |
Elia Group S.A./NV | 7,250 | 892,656 | |
Etablissements Franz Colruyt NV | 1,550 | 59,077 | |
Euronav NV | 35,460 | 582,595 | |
EVS Broadcast Equipment S.A. | 8,119 | 197,115 | |
Fagron | 11,540 | 205,350 | |
Gimv NV | 1,766 | 81,552 | |
Intervest Offices & Warehouses NV | 3,632 | 53,404 | |
KBC Group NV | 8,974 | 675,426 | |
Materialise NV ADR(2) | 20,300 | 161,994 | |
Montea NV | 1,519 | 123,085 | |
Proximus SADP | 65,274 | 500,441 | |
Solvay S.A. | 4,500 | 540,442 | |
UCB S.A. | 7,912 | 700,586 | |
Umicore S.A. | 15,100 | 447,188 | |
Xior Student Housing NV | 4,621 | 144,119 | |
$ 9,453,089 | |||
Denmark — 4.3% | |||
AP Moller - Maersk A/S, Class A | 200 | $ 402,125 | |
AP Moller - Maersk A/S, Class B | 360 | 739,514 |
Security | Shares | Value | |
Denmark (continued) | |||
Carlsberg A/S, Class B | 14,109 | $ 2,116,098 | |
Chr. Hansen Holding A/S | 16,689 | 1,261,081 | |
Danske Bank A/S | 54,600 | 1,296,480 | |
DSV A/S | 8,100 | 1,621,134 | |
Matas A/S | 10,900 | 160,177 | |
Novo Nordisk A/S, Class B | 25,054 | 4,040,013 | |
Novozymes A/S, Class B | 29,100 | 1,459,461 | |
Orsted A/S(3) | 29,773 | 2,590,831 | |
Pandora A/S | 14,965 | 1,496,978 | |
Scandinavian Tobacco Group A/S, Class A(3) | 22,250 | 387,030 | |
SimCorp A/S | 9,557 | 1,024,764 | |
Sydbank A/S | 10,400 | 498,766 | |
Topdanmark A/S | 7,227 | 327,599 | |
Tryg A/S | 30,420 | 600,606 | |
$ 20,022,657 | |||
Finland — 2.1% | |||
Citycon Oyj(2) | 9,400 | $ 58,352 | |
Elisa Oyj | 19,097 | 996,203 | |
Fortum Oyj | 65,206 | 882,709 | |
Kemira Oyj | 12,500 | 196,071 | |
Kesko Oyj, Class B | 49,456 | 989,550 | |
Kojamo Oyj | 33,700 | 329,257 | |
Kone Oyj, Class B | 14,714 | 754,722 | |
Metsa Board Oyj, Class B(1) | 21,700 | 175,073 | |
Neste Oyj | 22,435 | 825,946 | |
Nokia Oyj | 205,027 | 805,949 | |
Nokian Renkaat Oyj | 13,200 | 122,775 | |
Nordea Bank Abp | 90,529 | 1,024,637 | |
Orion Oyj, Class B | 21,513 | 826,768 | |
TietoEVRY Oyj | 4,494 | 114,654 | |
Tokmanni Group Corp. | 46,810 | 722,896 | |
UPM-Kymmene Oyj | 18,160 | 601,235 | |
Valmet Oyj(1) | 8,331 | 220,986 | |
YIT Oyj(1) | 23,700 | 57,184 | |
$ 9,704,967 | |||
France — 8.6% | |||
Air Liquide S.A. | 22,763 | $ 4,092,651 | |
Airbus SE | 6,000 | 883,800 | |
Alstom S.A.(1) | 7,150 | 218,935 | |
Altarea SCA(1) | 1,700 | 158,888 | |
AXA S.A. | 46,000 | 1,413,987 | |
BNP Paribas S.A. | 24,000 | 1,582,747 | |
Bollore SE | 70,500 | 445,752 | |
Bouygues S.A. | 7,300 | 261,497 |
Security | Shares | Value | |
France (continued) | |||
Bureau Veritas S.A. | 12,318 | $ 338,299 | |
Capgemini SE | 10,800 | 1,957,160 | |
Carmila S.A.(2) | 12,300 | 199,326 | |
Carrefour S.A. | 18,800 | 375,833 | |
Cie Generale des Etablissements Michelin SCA | 15,760 | 516,094 | |
Coface S.A. | 9,300 | 136,235 | |
Danone S.A. | 29,518 | 1,802,568 | |
Dassault Aviation S.A. | 500 | 97,131 | |
Edenred | 4,550 | 295,524 | |
Eiffage S.A. | 1,470 | 152,935 | |
Engie S.A. | 166,000 | 2,723,284 | |
Eurofins Scientific SE(1) | 10,400 | 715,277 | |
Eutelsat Communications S.A.(1) | 30,600 | 206,127 | |
Gecina S.A. | 5,134 | 555,050 | |
Getlink SE | 15,500 | 272,449 | |
ICADE (1) | 5,100 | 207,777 | |
Ipsen S.A. | 3,700 | 466,299 | |
IPSOS (1) | 5,900 | 294,941 | |
Klepierre S.A. | 22,539 | 598,268 | |
La Francaise des Jeux SAEM(3) | 3,700 | 141,256 | |
Legrand S.A. | 2,962 | 296,954 | |
L'Oreal S.A. | 1,000 | 465,109 | |
LVMH Moet Hennessy Louis Vuitton SE | 3,070 | 2,851,316 | |
Mercialys S.A. | 6,500 | 56,267 | |
Metropole Television S.A. | 17,662 | 249,488 | |
Neoen S.A.(3) | 14,031 | 461,357 | |
Nexity S.A.(1) | 8,700 | 147,311 | |
Orange S.A. | 122,500 | 1,384,720 | |
Pernod Ricard S.A. | 5,500 | 1,212,594 | |
Quadient S.A.(1) | 11,000 | 245,238 | |
Renault S.A. | 5,400 | 237,177 | |
Rothschild & Co.(1) | 5,492 | 233,312 | |
Rubis SCA | 26,200 | 646,049 | |
Sanofi | 27,104 | 2,891,577 | |
SCOR SE | 10,867 | 324,765 | |
SEB S.A. | 1,980 | 221,653 | |
SES-imagotag S.A.(1)(2) | 2,200 | 284,524 | |
Sopra Steria Group SACA | 3,000 | 652,305 | |
Teleperformance | 1,408 | 204,215 | |
Thales S.A. | 2,200 | 329,097 | |
TotalEnergies SE | 60,815 | 3,694,907 | |
Ubisoft Entertainment S.A.(2) | 19,300 | 649,092 | |
Vinci S.A. | 6,130 | 719,952 | |
Vivendi SE | 65,095 | 581,191 |
Security | Shares | Value | |
France (continued) | |||
Voltalia S.A.(1)(2) | 12,800 | $ 222,406 | |
Worldline S.A.(2)(3) | 4,500 | 178,377 | |
$ 40,551,043 | |||
Germany — 8.6% | |||
AIXTRON SE | 4,400 | $ 174,560 | |
Allianz SE | 7,680 | 1,835,515 | |
BASF SE | 37,381 | 2,004,033 | |
Bayer AG | 26,900 | 1,573,204 | |
Bayerische Motoren Werke AG | 7,760 | 946,332 | |
Bayerische Motoren Werke AG, PFC Shares | 3,109 | 349,299 | |
Bechtle AG | 6,000 | 264,082 | |
Brenntag SE | 4,300 | 333,614 | |
Cancom SE | 2,500 | 71,982 | |
Continental AG | 1,900 | 151,695 | |
Cropenergies AG | 5,200 | 52,313 | |
Daimler Truck Holding AG | 9,600 | 360,291 | |
Deutsche Boerse AG | 3,740 | 716,590 | |
Deutsche Lufthansa AG(2) | 20,168 | 203,420 | |
Deutsche Telekom AG | 147,295 | 3,211,213 | |
Deutsche Wohnen SE | 26,930 | 675,621 | |
Dr. Ing. h.c. F. Porsche AG, PFC Shares(3) | 1,000 | 122,283 | |
E.ON SE | 324,700 | 4,107,559 | |
Evonik Industries AG | 13,300 | 275,483 | |
Fielmann AG | 2,817 | 144,729 | |
Fraport AG Frankfurt Airport Services Worldwide(2) | 2,100 | 110,953 | |
Fresenius Medical Care AG & Co. KGaA | 11,665 | 605,816 | |
Fresenius SE & Co. KGaA | 18,300 | 574,293 | |
FUCHS PETROLUB SE | 3,686 | 121,663 | |
FUCHS PETROLUB SE, PFC Shares | 6,200 | 256,641 | |
Gea Group AG | 5,400 | 229,186 | |
Gerresheimer AG | 4,300 | 509,308 | |
Hamborner REIT AG | 30,510 | 220,796 | |
Hannover Rueck SE | 1,800 | 384,073 | |
Henkel AG & Co. KGaA | 10,296 | 719,507 | |
Henkel AG & Co. KGaA, PFC Shares | 33,275 | 2,567,710 | |
HOCHTIEF AG | 2,267 | 223,311 | |
Hugo Boss AG | 3,420 | 276,160 | |
Jenoptik AG | 7,300 | 236,116 | |
K+S AG | 18,200 | 347,499 | |
Knorr-Bremse AG | 3,291 | 231,482 | |
Mercedes-Benz Group AG | 13,700 | 1,094,122 | |
Merck KGaA | 3,620 | 636,124 | |
MTU Aero Engines AG | 1,265 | 295,392 | |
Muenchener Rueckversicherungs-Gesellschaft AG | 2,969 | 1,117,668 | |
Porsche Automobil Holding SE, PFC Shares | 2,800 | 165,216 |
Security | Shares | Value | |
Germany (continued) | |||
QIAGEN NV(2) | 8,108 | $ 380,440 | |
Rheinmetall AG | 950 | 269,084 | |
SAP SE | 23,152 | 3,158,200 | |
Siemens AG | 11,040 | 1,881,681 | |
Sixt SE | 1,133 | 136,619 | |
Suedzucker AG | 40,318 | 697,996 | |
Symrise AG, Class A | 7,500 | 819,238 | |
Talanx AG | 4,300 | 263,331 | |
TeamViewer SE(2)(3) | 21,345 | 362,836 | |
Telefonica Deutschland Holding AG | 194,047 | 522,836 | |
TUI AG(2) | 5,980 | 48,437 | |
VERBIO Vereinigte BioEnergie AG | 2,600 | 126,741 | |
Volkswagen AG | 1,700 | 271,687 | |
Volkswagen AG, PFC Shares | 4,800 | 635,883 | |
Vonovia SE | 105,550 | 2,459,313 | |
$ 40,531,176 | |||
Hong Kong — 4.1% | |||
AIA Group, Ltd. | 203,600 | $ 2,036,964 | |
Aidigong Maternal & Child Health, Ltd.(2) | 1,208,000 | 55,930 | |
ASMPT, Ltd. | 43,700 | 426,254 | |
Bank of East Asia, Ltd. (The) | 206,400 | 316,893 | |
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(1) | 47,000 | 83,813 | |
BOC Hong Kong Holdings, Ltd. | 116,000 | 354,037 | |
Budweiser Brewing Co. APAC, Ltd.(3) | 459,500 | 1,120,774 | |
Cafe de Coral Holdings, Ltd. | 84,000 | 110,393 | |
Cathay Pacific Airways, Ltd.(1)(2) | 175,000 | 198,657 | |
China Tobacco International HK Co., Ltd.(1) | 93,000 | 150,454 | |
China Traditional Chinese Medicine Holdings Co., Ltd. | 692,000 | 319,920 | |
Chow Sang Sang Holdings International, Ltd. | 101,000 | 117,799 | |
Chow Tai Fook Jewellery Group, Ltd. | 218,800 | 382,004 | |
CK Asset Holdings, Ltd. | 69,000 | 399,584 | |
CK Hutchison Holdings, Ltd. | 147,000 | 906,597 | |
CK Infrastructure Holdings, Ltd. | 52,000 | 275,566 | |
CLP Holdings, Ltd. | 130,000 | 1,059,647 | |
C-Mer Eye Care Holdings, Ltd.(1)(2) | 190,000 | 99,045 | |
DFI Retail Group Holdings, Ltd.(1) | 34,500 | 92,872 | |
Fortune REIT | 129,000 | 93,281 | |
Fosun International, Ltd. | 259,500 | 189,157 | |
Galaxy Entertainment Group, Ltd.(2) | 155,000 | 1,131,427 | |
Green Future Food Hydrocolloid Marine Science Co., Ltd.(1)(2) | 232,000 | 28,896 | |
Hang Lung Group, Ltd. | 103,000 | 161,071 | |
Hang Lung Properties, Ltd. | 150,000 | 234,082 | |
Hang Seng Bank, Ltd. | 29,100 | 444,810 | |
HK Electric Investments & HK Electric Investments, Ltd. | 507,500 | 316,087 |
Security | Shares | Value | |
Hong Kong (continued) | |||
HKT Trust and HKT, Ltd. | 919,000 | $ 1,085,522 | |
Hong Kong & China Gas Co., Ltd. | 892,502 | 765,639 | |
Hongkong Land Holdings, Ltd. | 65,500 | 233,423 | |
Hutchison Telecommunications Hong Kong Holdings, Ltd. | 424,000 | 64,683 | |
Hysan Development Co., Ltd. | 56,000 | 132,326 | |
In Technical Productions Holdings, Ltd.(1)(2) | 254,000 | 99,239 | |
Jardine Matheson Holdings, Ltd. | 14,400 | 711,294 | |
Kerry Logistics Network, Ltd. | 66,500 | 82,109 | |
Kerry Properties, Ltd. | 56,500 | 122,151 | |
LK Technology Holdings, Ltd.(1) | 95,000 | 102,771 | |
Luk Fook Holdings International, Ltd. | 76,000 | 200,663 | |
MGM China Holdings, Ltd.(2) | 173,200 | 231,008 | |
MTR Corp., Ltd. | 100,500 | 463,134 | |
NWS Holdings, Ltd. | 210,000 | 240,858 | |
Pacific Basin Shipping, Ltd. | 644,000 | 209,667 | |
Pacific Textiles Holdings, Ltd. | 244,000 | 60,837 | |
PAX Global Technology, Ltd. | 102,000 | 82,814 | |
Power Assets Holdings, Ltd. | 131,500 | 689,221 | |
Sa Sa International Holdings, Ltd.(2) | 374,000 | 68,423 | |
Shangri-La Asia, Ltd.(2) | 200,000 | 166,893 | |
Sino Land Co., Ltd. | 210,000 | 257,780 | |
Sun Hung Kai Properties, Ltd. | 56,000 | 703,171 | |
Superb Summit International Group, Ltd.(1)(2)(4) | 230,000 | 0 | |
Swire Pacific, Ltd., Class A | 33,500 | 280,034 | |
Truly International Holdings, Ltd. | 556,000 | 69,471 | |
Viva Goods Company, Ltd.(2) | 808,000 | 148,522 | |
VSTECS Holdings, Ltd. | 514,000 | 260,841 | |
VTech Holdings, Ltd. | 55,200 | 344,247 | |
Wharf Holdings, Ltd. | 102,000 | 239,321 | |
Yue Yuen Industrial Holdings, Ltd. | 172,000 | 230,456 | |
$ 19,452,532 | |||
Ireland — 2.2% | |||
Bank of Ireland Group PLC | 150,265 | $ 1,585,417 | |
CRH PLC | 34,702 | 2,067,230 | |
DCC PLC | 14,449 | 836,579 | |
Fineos Corp. Holdings PLC CDI(2) | 41,347 | 62,811 | |
Flutter Entertainment PLC(2) | 7,503 | 1,492,344 | |
Glanbia PLC | 6,635 | 102,935 | |
Glenveagh Properties PLC(2)(3) | 77,242 | 91,212 | |
Grafton Group PLC CDI | 41,092 | 462,173 | |
ICON PLC ADR(2) | 6,600 | 1,659,306 | |
Irish Continental Group PLC | 69,445 | 368,030 | |
Irish Residential Properties REIT PLC(1) | 146,474 | 155,895 |
Security | Shares | Value | |
Ireland (continued) | |||
Kerry Group PLC, Class A | 16,318 | $ 1,621,207 | |
Uniphar PLC(1) | 20,481 | 64,742 | |
$ 10,569,881 | |||
Israel — 2.3% | |||
Airport City, Ltd.(2) | 10,800 | $ 162,844 | |
Alony Hetz Properties & Investments, Ltd. | 14,000 | 117,621 | |
Amot Investments, Ltd. | 23,381 | 125,316 | |
AudioCodes, Ltd. | 3,200 | 32,128 | |
Azrieli Group, Ltd. | 3,567 | 202,980 | |
Bank Hapoalim B.M. | 37,287 | 331,214 | |
Bank Leumi Le-Israel B.M. | 46,951 | 374,792 | |
Bezeq The Israeli Telecommunication Corp., Ltd. | 557,912 | 738,143 | |
Big Shopping Centers, Ltd.(2) | 1,100 | 103,454 | |
Cellcom Israel, Ltd.(2) | 17,100 | 60,668 | |
Check Point Software Technologies, Ltd.(2) | 1,900 | 251,199 | |
CyberArk Software, Ltd.(2) | 800 | 132,808 | |
Danel Adir Yeoshua, Ltd. | 1,100 | 86,830 | |
Delek Automotive Systems, Ltd. | 12,000 | 86,908 | |
Delek Group, Ltd. | 3,740 | 528,314 | |
Delta Galil, Ltd. | 2,040 | 80,487 | |
Elbit Systems, Ltd. | 2,126 | 452,064 | |
Electra, Ltd. | 365 | 160,700 | |
Energix-Renewable Energies, Ltd. | 109,990 | 402,513 | |
Enlight Renewable Energy, Ltd.(2) | 22,800 | 439,107 | |
Fattal Holdings 1998, Ltd.(2) | 1,300 | 137,182 | |
First International Bank of Israel, Ltd. (The) | 2,095 | 88,561 | |
Fiverr International, Ltd.(1)(2) | 2,000 | 60,280 | |
Fox Wizel, Ltd. | 1,500 | 125,150 | |
ICL Group, Ltd. | 155,523 | 1,035,548 | |
Inrom Construction Industries, Ltd. | 28,109 | 102,491 | |
Maytronics, Ltd. | 41,700 | 567,968 | |
Melisron, Ltd. | 1,850 | 122,255 | |
Mizrahi Tefahot Bank, Ltd. | 5,560 | 200,743 | |
Nice, Ltd.(2) | 1,294 | 281,666 | |
Oil Refineries, Ltd. | 912,196 | 291,596 | |
OPC Energy, Ltd.(2) | 36,900 | 262,789 | |
Partner Communications Co., Ltd.(2) | 34,700 | 148,057 | |
Plus500, Ltd. | 4,800 | 92,750 | |
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 1,570 | 94,832 | |
Reit 1, Ltd. | 43,316 | 188,516 | |
Shapir Engineering and Industry, Ltd. | 14,000 | 99,796 | |
Shikun & Binui, Ltd.(2) | 35,400 | 96,933 | |
Shufersal, Ltd.(2) | 81,953 | 434,594 | |
Strauss Group, Ltd.(2) | 13,500 | 317,926 | |
Tadiran Group, Ltd. | 700 | 56,262 |
Security | Shares | Value | |
Israel (continued) | |||
Taro Pharmaceutical Industries, Ltd.(2) | 2,100 | $ 76,755 | |
Teva Pharmaceutical Industries, Ltd. ADR(2) | 96,800 | 813,120 | |
Tower Semiconductor, Ltd.(2) | 4,400 | 163,184 | |
Wix.com, Ltd.(2) | 1,400 | 132,048 | |
$ 10,861,092 | |||
Italy — 4.4% | |||
Assicurazioni Generali SpA | 32,700 | $ 696,527 | |
Banca Popolare di Sondrio SpA | 25,800 | 124,633 | |
Banco BPM SpA | 78,600 | 393,318 | |
Bio-On SpA(1)(2)(4) | 12,900 | 0 | |
BPER Banca SpA | 32,400 | 112,114 | |
Buzzi Unicem SpA(1) | 7,400 | 210,292 | |
Cementir Holding NV | 48,418 | 456,972 | |
CNH Industrial NV | 57,200 | 826,138 | |
Davide Campari-Milano NV | 99,634 | 1,339,966 | |
De'Longhi SpA | 10,450 | 265,164 | |
DiaSorin SpA | 7,620 | 854,904 | |
Enav SpA(3) | 46,000 | 197,796 | |
Enel SpA | 241,988 | 1,668,555 | |
Eni SpA | 166,131 | 2,536,300 | |
ERG SpA | 4,200 | 120,732 | |
Ferrari NV | 3,110 | 997,024 | |
Fila SpA | 5,500 | 48,983 | |
Fincantieri SpA(1)(2) | 128,000 | 73,457 | |
GVS SpA(1)(2)(3) | 23,883 | 151,330 | |
Infrastrutture Wireless Italiane SpA(3) | 87,978 | 1,103,314 | |
Italgas SpA(1) | 24,300 | 143,172 | |
Juventus Football Club SpA(1)(2) | 771,785 | 290,004 | |
Mediobanca Banca di Credito Finanziario SpA | 11,600 | 154,589 | |
MFE-MediaForEurope NV, Class B(1) | 257,715 | 198,821 | |
Nexi SpA(2)(3) | 11,200 | 96,992 | |
Poste Italiane SpA(3) | 16,700 | 190,772 | |
Prada SpA | 44,500 | 316,743 | |
Prysmian SpA(1) | 19,300 | 769,590 | |
RAI Way SpA(3) | 46,700 | 265,989 | |
Recordati Industria Chimica e Farmaceutica SpA | 25,147 | 1,298,593 | |
Snam SpA | 62,700 | 329,599 | |
STMicroelectronics NV | 45,900 | 2,456,117 | |
Technogym SpA(3) | 16,800 | 154,980 | |
Terna - Rete Elettrica Nazionale | 52,300 | 441,883 | |
UniCredit SpA | 32,400 | 820,376 | |
Unipol Gruppo SpA | 33,400 | 185,961 | |
UnipolSai Assicurazioni SpA(1) | 64,182 | 164,931 | |
Webuild SpA(1) | 166,800 | 326,529 | |
$ 20,783,160 |
Security | Shares | Value | |
Japan — 12.8% | |||
Activia Properties, Inc. | 50 | $ 145,607 | |
Advance Residence Investment Corp.(1) | 88 | 214,423 | |
Aeon Co., Ltd.(1) | 19,900 | 431,007 | |
AEON REIT Investment Corp.(1) | 134 | 141,058 | |
AGC, Inc. | 2,200 | 79,494 | |
Air Water, Inc. | 12,300 | 173,229 | |
Ajinomoto Co., Inc. | 9,800 | 381,856 | |
Alfresa Holdings Corp. | 13,900 | 221,673 | |
Asahi Group Holdings, Ltd. | 11,600 | 455,987 | |
Asahi Kasei Corp. | 35,100 | 239,198 | |
Astellas Pharma, Inc. | 33,200 | 485,462 | |
Azbil Corp. | 3,900 | 123,066 | |
Bandai Namco Holdings, Inc. | 12,600 | 285,069 | |
Bridgestone Corp. | 8,600 | 356,860 | |
Brother Industries, Ltd. | 7,500 | 116,909 | |
Calbee, Inc. | 7,600 | 147,361 | |
Canon, Inc. | 14,100 | 364,420 | |
Capcom Co., Ltd. | 3,600 | 161,881 | |
Casio Computer Co., Ltd.(1) | 15,400 | 131,588 | |
Central Japan Railway Co. | 1,700 | 216,636 | |
Chiba Bank, Ltd. (The) | 14,600 | 102,658 | |
Chubu Electric Power Co., Inc. | 38,300 | 479,814 | |
Chugai Pharmaceutical Co., Ltd. | 17,600 | 523,798 | |
Comforia Residential REIT, Inc.(1) | 66 | 158,001 | |
Concordia Financial Group, Ltd. | 70,500 | 322,468 | |
Cosmos Pharmaceutical Corp. | 600 | 69,328 | |
CyberAgent, Inc.(1) | 26,800 | 169,423 | |
Dai Nippon Printing Co., Ltd.(1) | 2,500 | 71,065 | |
Daicel Corp. | 19,800 | 183,478 | |
Daido Steel Co., Ltd.(1) | 4,700 | 201,501 | |
Daifuku Co., Ltd. | 3,500 | 74,855 | |
Dai-ichi Life Holdings, Inc. | 18,500 | 377,987 | |
Daiichi Sankyo Co., Ltd. | 32,500 | 1,000,987 | |
Daikin Industries, Ltd. | 1,700 | 343,738 | |
Daiwa House Industry Co., Ltd. | 22,600 | 614,243 | |
Daiwa House REIT Investment Corp. | 103 | 202,790 | |
Daiwa Office Investment Corp. | 35 | 154,095 | |
DeNA Co., Ltd. | 17,400 | 213,310 | |
Denka Co., Ltd. | 7,700 | 152,112 | |
Denso Corp. | 5,700 | 396,877 | |
Dentsu Group, Inc. | 7,500 | 250,960 | |
DIC Corp. | 5,600 | 105,709 | |
Disco Corp. | 1,500 | 281,964 | |
East Japan Railway Co.(1) | 2,800 | 158,520 | |
Eisai Co., Ltd.(1) | 6,000 | 378,561 | |
Electric Power Development Co., Ltd., Class C | 10,900 | 172,443 |
Security | Shares | Value | |
Japan (continued) | |||
ENEOS Holdings, Inc. | 228,000 | $ 827,216 | |
Ezaki Glico Co., Ltd. | 6,000 | 158,553 | |
FANUC Corp. | 5,000 | 152,962 | |
Fast Retailing Co., Ltd. | 1,400 | 350,718 | |
Frontier Real Estate Investment Corp. | 19 | 63,130 | |
FUJIFILM Holdings Corp. | 4,600 | 267,102 | |
Fujitsu, Ltd. | 2,400 | 310,775 | |
Fukuoka Financial Group, Inc. | 12,200 | 293,967 | |
GLP J-REIT | 270 | 265,994 | |
GMO Payment Gateway, Inc. | 2,100 | 160,207 | |
Hakuhodo DY Holdings, Inc. | 21,800 | 250,796 | |
Hamamatsu Photonics K.K. | 3,600 | 173,453 | |
Hankyu Hanshin Holdings, Inc. | 4,400 | 146,181 | |
Hikari Tsushin, Inc. | 400 | 59,355 | |
Hirose Electric Co., Ltd. | 1,040 | 131,724 | |
Hisamitsu Pharmaceutical Co., Inc. | 4,700 | 150,198 | |
Hitachi, Ltd. | 6,300 | 412,426 | |
Hokuriku Electric Power Co.(1)(2) | 37,800 | 230,480 | |
Honda Motor Co., Ltd. | 15,700 | 500,538 | |
House Foods Group, Inc. | 7,700 | 177,766 | |
Hulic Reit, Inc.(1) | 127 | 147,389 | |
Idemitsu Kosan Co., Ltd. | 26,400 | 557,484 | |
Ito En, Ltd. | 3,200 | 91,334 | |
ITOCHU Corp. | 10,800 | 436,809 | |
Iwatani Corp. | 8,200 | 437,710 | |
Japan Logistics Fund, Inc.(1) | 71 | 150,056 | |
Japan Metropolitan Fund Invest | 274 | 187,936 | |
Japan Post Bank Co., Ltd. | 10,000 | 83,195 | |
Japan Post Holdings Co., Ltd. | 44,800 | 327,156 | |
Japan Post Insurance Co., Ltd. | 9,300 | 150,290 | |
Japan Prime Realty Investment Corp. | 55 | 136,941 | |
Japan Real Estate Investment Corp. | 45 | 180,994 | |
Japan Tobacco, Inc. | 25,500 | 565,835 | |
JFE Holdings, Inc. | 15,500 | 250,727 | |
Kagome Co., Ltd. | 6,400 | 142,682 | |
Kajima Corp. | 10,500 | 165,926 | |
Kaneka Corp.(1) | 6,400 | 188,567 | |
Kansai Electric Power Co., Inc. | 47,200 | 620,080 | |
Kansai Paint Co., Ltd. | 14,300 | 234,396 | |
Kao Corp. | 9,900 | 376,117 | |
KDDI Corp. | 40,000 | 1,177,268 | |
Keikyu Corp.(1) | 13,700 | 130,214 | |
Keio Corp.(1) | 2,200 | 73,129 | |
Keisei Electric Railway Co., Ltd.(1) | 2,300 | 95,462 | |
Kenedix Office Investment Corp. | 30 | 71,332 | |
Kenedix Residential Next Investment Corp.(1) | 99 | 154,896 |
Security | Shares | Value | |
Japan (continued) | |||
Kewpie Corp. | 9,800 | $ 158,793 | |
Keyence Corp. | 2,000 | 897,484 | |
Kintetsu Group Holdings Co., Ltd.(1) | 2,200 | 73,803 | |
Kirin Holdings Co., Ltd. | 17,700 | 261,437 | |
Kobayashi Pharmaceutical Co., Ltd. | 3,300 | 181,405 | |
Konami Group Corp. | 3,800 | 213,167 | |
Kubota Corp. | 8,500 | 128,401 | |
Kuraray Co., Ltd. | 19,500 | 196,220 | |
Kyocera Corp. | 6,300 | 339,016 | |
Kyowa Kirin Co., Ltd. | 9,500 | 181,409 | |
Kyushu Electric Power Co., Inc.(2) | 30,400 | 206,417 | |
LaSalle Logiport REIT | 165 | 176,519 | |
Lawson, Inc. | 2,400 | 120,419 | |
Lion Corp. | 17,300 | 165,303 | |
Makita Corp.(1) | 4,000 | 112,324 | |
Marubeni Corp. | 14,600 | 258,493 | |
Maruichi Steel Tube, Ltd. | 2,500 | 59,253 | |
MatsukiyoCocokara & Co. | 3,200 | 187,269 | |
Mebuki Financial Group, Inc. | 60,500 | 160,730 | |
Medipal Holdings Corp. | 12,500 | 214,332 | |
MEIJI Holdings Co., Ltd. | 10,600 | 244,901 | |
Mitsubishi Chemical Group Corp. | 50,700 | 303,279 | |
Mitsubishi Corp. | 8,400 | 429,798 | |
Mitsubishi Electric Corp. | 15,600 | 225,126 | |
Mitsubishi Estate Co., Ltd. | 46,600 | 571,115 | |
Mitsubishi Estate Logistics REIT Investment Corp.(1) | 49 | 140,207 | |
Mitsubishi Gas Chemical Co., Inc.(1) | 14,200 | 212,979 | |
Mitsubishi HC Capital, Inc. | 33,500 | 221,615 | |
Mitsubishi Heavy Industries, Ltd. | 2,500 | 118,610 | |
Mitsubishi Materials Corp. | 12,200 | 218,082 | |
Mitsui & Co., Ltd. | 10,100 | 394,204 | |
Mitsui Chemicals, Inc. | 8,300 | 238,658 | |
Mitsui Fudosan Co., Ltd. | 33,800 | 694,419 | |
Mizuho Financial Group, Inc. | 48,380 | 820,784 | |
MS&AD Insurance Group Holdings, Inc. | 9,300 | 345,898 | |
Murata Manufacturing Co., Ltd. | 8,700 | 516,795 | |
NEC Corp. | 3,600 | 182,143 | |
Nexon Co., Ltd. | 10,800 | 206,058 | |
NH Foods, Ltd. | 5,400 | 155,805 | |
Nichirei Corp. | 7,300 | 166,541 | |
Nihon Kohden Corp. | 9,200 | 242,508 | |
Nintendo Co., Ltd. | 26,600 | 1,203,244 | |
Nippon Accommodations Fund, Inc. | 49 | 232,260 | |
Nippon Building Fund, Inc. | 54 | 226,358 | |
Nippon Express Holdings, Inc. | 1,000 | 58,631 | |
Nippon Kayaku Co., Ltd.(1) | 17,700 | 163,355 |
Security | Shares | Value | |
Japan (continued) | |||
Nippon Paint Holdings Co., Ltd.(1) | 29,500 | $ 270,287 | |
Nippon Paper Industries Co., Ltd.(2) | 10,000 | 97,186 | |
Nippon Shinyaku Co., Ltd.(1) | 4,300 | 173,890 | |
Nippon Shokubai Co., Ltd. | 3,500 | 134,738 | |
Nippon Steel Corp. | 23,300 | 532,553 | |
Nippon Telegraph & Telephone Corp. | 652,500 | 748,233 | |
Nissan Chemical Corp. | 4,500 | 202,210 | |
Nissan Motor Co., Ltd. | 58,500 | 257,701 | |
Nisshin Seifun Group, Inc.(1) | 12,500 | 155,013 | |
Nissin Foods Holdings Co., Ltd. | 2,200 | 185,494 | |
Nitori Holdings Co., Ltd. | 2,200 | 269,396 | |
Nitto Denko Corp.(1) | 3,300 | 234,666 | |
NOF Corp. | 4,300 | 185,561 | |
Nomura Real Estate Holdings, Inc. | 6,900 | 171,141 | |
Nomura Real Estate Master Fund, Inc. | 184 | 218,912 | |
Nomura Research Institute, Ltd. | 6,700 | 190,380 | |
NTT Data Group Corp. | 10,500 | 146,067 | |
Obic Co., Ltd.(1) | 900 | 147,276 | |
Odakyu Electric Railway Co., Ltd.(1) | 5,100 | 74,513 | |
Oji Holdings Corp. | 48,300 | 190,703 | |
Olympus Corp. | 23,100 | 376,921 | |
Omron Corp. | 4,700 | 252,278 | |
Ono Pharmaceutical Co., Ltd. | 10,100 | 185,086 | |
Oracle Corp. Japan | 1,900 | 133,187 | |
Oriental Land Co., Ltd. | 13,000 | 498,596 | |
Orix JREIT, Inc. | 118 | 150,122 | |
Osaka Gas Co., Ltd. | 25,700 | 404,385 | |
Otsuka Corp. | 4,400 | 183,231 | |
Otsuka Holdings Co., Ltd. | 8,800 | 323,552 | |
Pan Pacific International Holdings Corp. | 14,900 | 294,597 | |
Panasonic Holdings Corp. | 23,100 | 285,132 | |
Pigeon Corp. | 8,000 | 108,053 | |
Rakuten Group, Inc.(1) | 18,600 | 72,852 | |
Renesas Electronics Corp.(2) | 14,900 | 287,478 | |
Resona Holdings, Inc. | 44,400 | 241,717 | |
Resonac Holdings Corp.(1) | 12,600 | 206,410 | |
Ricoh Co., Ltd. | 25,600 | 227,729 | |
Rinnai Corp.(1) | 5,100 | 111,038 | |
ROHM Co., Ltd. | 1,600 | 149,933 | |
Rohto Pharmaceutical Co., Ltd. | 5,600 | 119,362 | |
Ryohin Keikaku Co., Ltd. | 9,000 | 116,867 | |
Santen Pharmaceutical Co., Ltd. | 16,700 | 145,930 | |
Sawai Group Holdings Co., Ltd. | 3,400 | 84,685 | |
SECOM Co., Ltd. | 2,000 | 134,210 | |
Sekisui House Reit, Inc. | 380 | 225,557 | |
Sekisui House, Ltd.(1) | 8,600 | 175,455 |
Security | Shares | Value | |
Japan (continued) | |||
Seven Bank, Ltd. | 101,900 | $ 221,324 | |
SG Holdings Co., Ltd. | 5,100 | 74,427 | |
Shimadzu Corp. | 4,900 | 148,817 | |
Shimano, Inc. | 1,800 | 271,309 | |
Shimizu Corp. | 15,300 | 105,410 | |
Shizuoka Financial Group, Inc. | 10,200 | 85,191 | |
SMC Corp. | 500 | 261,281 | |
SoftBank Corp. | 65,200 | 724,013 | |
Sompo Holdings, Inc. | 7,300 | 322,738 | |
Square Enix Holdings Co., Ltd. | 7,100 | 328,867 | |
Sumitomo Corp. | 9,500 | 203,802 | |
Sumitomo Metal Mining Co., Ltd. | 7,700 | 265,921 | |
Sumitomo Mitsui Financial Group, Inc. | 20,300 | 951,088 | |
Sumitomo Mitsui Trust Holdings, Inc. | 7,200 | 280,092 | |
Suntory Beverage & Food, Ltd. | 3,100 | 110,351 | |
Suzuken Co., Ltd. | 5,100 | 148,908 | |
T&D Holdings, Inc. | 15,400 | 250,386 | |
Taisei Corp. | 4,500 | 170,534 | |
Taisho Pharmaceutical Holdings Co., Ltd. | 4,000 | 154,229 | |
Taiyo Yuden Co., Ltd.(1) | 3,600 | 107,349 | |
Takeda Pharmaceutical Co., Ltd. | 27,500 | 840,808 | |
TEIJIN, Ltd. | 12,200 | 130,488 | |
TIS, Inc. | 4,100 | 103,992 | |
Tobu Railway Co., Ltd.(1) | 3,200 | 84,678 | |
Toho Co., Ltd. | 9,300 | 362,541 | |
Tohoku Electric Power Co., Inc.(2) | 55,600 | 369,808 | |
Tokai Carbon Co., Ltd. | 18,400 | 163,697 | |
Tokio Marine Holdings, Inc. | 30,200 | 694,448 | |
Tokyo Gas Co., Ltd. | 22,300 | 505,676 | |
Tokyo Ohka Kogyo Co., Ltd. | 1,300 | 82,110 | |
Tokyo Tatemono Co., Ltd. | 12,300 | 164,371 | |
Tokyu Corp.(1) | 9,800 | 124,339 | |
Toppan, Inc. | 3,300 | 77,677 | |
Toray Industries, Inc. | 41,100 | 230,136 | |
Toshiba Corp.(1) | 3,500 | 113,002 | |
Tosoh Corp. | 8,300 | 108,487 | |
TOTO, Ltd.(1) | 3,200 | 98,375 | |
Toyo Suisan Kaisha, Ltd. | 4,500 | 186,130 | |
Toyota Industries Corp. | 2,100 | 151,761 | |
Toyota Motor Corp. | 100,600 | 1,691,463 | |
Trend Micro, Inc. | 3,900 | 184,258 | |
Tsuruha Holdings, Inc.(1) | 2,400 | 184,311 | |
United Urban Investment Corp. | 135 | 145,715 | |
USS Co., Ltd. | 8,100 | 140,455 | |
Welcia Holdings Co., Ltd. | 3,600 | 67,766 | |
West Japan Railway Co. | 1,700 | 69,843 |
Security | Shares | Value | |
Japan (continued) | |||
Yakult Honsha Co., Ltd. | 3,300 | $ 183,103 | |
Yamaguchi Financial Group, Inc. | 32,200 | 250,400 | |
Yamato Holdings Co., Ltd. | 6,600 | 123,605 | |
Yamazaki Baking Co., Ltd. | 4,900 | 70,518 | |
Zeon Corp. | 17,700 | 190,899 | |
ZOZO, Inc. | 8,300 | 162,033 | |
$ 60,399,715 | |||
Netherlands — 4.5% | |||
ABN AMRO Bank NV GDR(3) | 28,000 | $ 476,090 | |
Aegon NV(1) | 67,600 | 366,952 | |
Arcadis NV | 3,500 | 153,447 | |
Argenx SE(2) | 700 | 352,547 | |
ASML Holding NV | 4,324 | 3,097,146 | |
ASR Nederland NV | 9,400 | 426,096 | |
Corbion NV | 20,000 | 470,004 | |
Euronext NV(1)(3) | 5,900 | 449,071 | |
JDE Peet's NV(1) | 24,360 | 735,173 | |
Koninklijke Ahold Delhaize NV | 61,972 | 2,136,089 | |
Koninklijke KPN NV(1) | 360,750 | 1,305,286 | |
Koninklijke Philips NV | 98,466 | 2,045,497 | |
NN Group NV | 15,250 | 584,608 | |
NSI NV | 5,968 | 125,529 | |
Pharming Group NV(2) | 127,000 | 160,298 | |
PostNL NV(1) | 71,792 | 145,786 | |
Prosus NV(2) | 29,973 | 2,371,085 | |
Randstad NV | 6,350 | 372,018 | |
Rhi Magnesita NV | 4,792 | 184,180 | |
SBM Offshore NV | 23,217 | 337,296 | |
Signify NV(3) | 11,700 | 367,865 | |
Stellantis NV | 45,500 | 933,564 | |
Universal Music Group NV(1) | 57,500 | 1,474,870 | |
Van Lanschot Kempen NV | 2,900 | 95,025 | |
Vastned Retail NV | 7,610 | 169,812 | |
Wolters Kluwer NV | 12,695 | 1,594,187 | |
$ 20,929,521 | |||
New Zealand — 1.1% | |||
a2 Milk Co., Ltd. (The)(1)(2) | 135,964 | $ 466,487 | |
Argosy Property, Ltd. | 225,595 | 170,957 | |
Auckland International Airport, Ltd.(2) | 78,452 | 409,539 | |
Contact Energy, Ltd. | 42,066 | 217,209 | |
Fisher & Paykel Healthcare Corp., Ltd. | 37,651 | 574,820 | |
Fletcher Building, Ltd. | 68,021 | 235,842 | |
Goodman Property Trust | 267,638 | 375,790 | |
Heartland Group Holdings, Ltd. | 183,499 | 205,198 |
Security | Shares | Value | |
New Zealand (continued) | |||
Infratil, Ltd. | 45,181 | $ 279,456 | |
KMD Brands, Ltd.(1) | 208,980 | 118,166 | |
Mercury NZ, Ltd. | 39,400 | 161,347 | |
SKYCITY Entertainment Group, Ltd. | 206,639 | 290,115 | |
Spark New Zealand, Ltd. | 182,931 | 588,955 | |
Vital Healthcare Property Trust | 47,629 | 70,128 | |
Vulcan Steel, Ltd.(1) | 20,400 | 106,372 | |
Xero, Ltd.(2) | 9,014 | 740,963 | |
$ 5,011,344 | |||
Norway — 2.3% | |||
Aker ASA, Class A | 1,600 | $ 101,739 | |
Aker BP ASA(1) | 11,100 | 310,940 | |
ArcticZymes Technologies ASA(1)(2) | 12,002 | 44,375 | |
Atea ASA(2) | 34,789 | 472,462 | |
Austevoll Seafood ASA | 15,900 | 119,382 | |
Borregaard ASA | 27,054 | 441,530 | |
Crayon Group Holding ASA(2)(3) | 23,649 | 251,805 | |
DHT Holdings, Inc. | 7,400 | 72,890 | |
DNB Bank ASA | 48,151 | 992,271 | |
Elmera Group ASA(1)(3) | 31,479 | 63,161 | |
Entra ASA(3) | 25,083 | 244,658 | |
Equinor ASA | 27,789 | 850,023 | |
Europris ASA(3) | 54,174 | 328,651 | |
Gjensidige Forsikring ASA | 15,800 | 249,426 | |
Grieg Seafood ASA | 14,900 | 107,366 | |
Hafnia, Ltd. | 18,400 | 100,007 | |
Kitron ASA | 43,200 | 159,661 | |
Kongsberg Gruppen ASA | 13,520 | 586,648 | |
Leroy Seafood Group ASA | 35,600 | 148,111 | |
LINK Mobility Group Holding ASA(2) | 78,775 | 110,005 | |
Norsk Hydro ASA | 12,800 | 83,833 | |
Nykode Therapeutics ASA(1)(2) | 64,600 | 185,581 | |
Opera, Ltd. ADR(1) | 30,800 | 554,092 | |
Orkla ASA | 75,100 | 592,601 | |
REC Silicon ASA(1)(2) | 93,387 | 159,183 | |
Salmar ASA | 6,300 | 291,051 | |
Scatec ASA(1)(3) | 24,917 | 208,257 | |
Schibsted ASA, Class B | 22,734 | 445,800 | |
SFL Corp, Ltd. | 9,700 | 95,642 | |
SpareBank 1 SMN | 14,400 | 201,794 | |
Telenor ASA | 73,491 | 786,717 | |
TOMRA Systems ASA | 23,400 | 360,611 | |
Veidekke ASA | 20,997 | 236,739 | |
Yara International ASA | 18,306 | 747,653 | |
$ 10,704,665 |
Security | Shares | Value | |
Portugal — 1.1% | |||
Banco Comercial Portugues S.A., Class R(2) | 3,623,653 | $ 989,637 | |
Corticeira Amorim SGPS S.A. | 35,138 | 398,254 | |
CTT-Correios de Portugal S.A. | 79,156 | 312,451 | |
EDP-Energias de Portugal S.A. | 138,695 | 647,961 | |
Galp Energia SGPS S.A. | 76,229 | 1,013,054 | |
Jeronimo Martins SGPS S.A. | 36,221 | 986,145 | |
Navigator Co. S.A. (The)(1) | 140,308 | 491,802 | |
NOS SGPS S.A. | 100,048 | 379,890 | |
REN-Redes Energeticas Nacionais SGPS S.A. | 47,100 | 128,613 | |
$ 5,347,807 | |||
Singapore — 2.3% | |||
AEM Holdings, Ltd. | 17,700 | $ 50,210 | |
BW LPG, Ltd.(3) | 19,591 | 209,666 | |
CapitaLand Ascendas REIT | 109,000 | 230,494 | |
CapitaLand Ascott Trust | 4,925 | 4,148 | |
CapitaLand Integrated Commercial Trust | 120,900 | 185,616 | |
CapitaLand Investment, Ltd. | 86,400 | 221,139 | |
City Developments, Ltd. | 26,300 | 146,341 | |
ComfortDelGro Corp., Ltd. | 231,600 | 219,659 | |
DBS Group Holdings, Ltd. | 24,400 | 629,448 | |
Flex, Ltd.(2) | 43,200 | 1,181,952 | |
Genting Singapore, Ltd. | 921,500 | 651,800 | |
Keppel Corp., Ltd. | 76,300 | 423,712 | |
Keppel REIT | 110,000 | 75,306 | |
Mapletree Industrial Trust | 71,610 | 120,670 | |
Mapletree Pan Asia Commercial Trust(1) | 83,109 | 103,223 | |
Parkway Life REIT | 33,400 | 97,478 | |
Raffles Medical Group, Ltd. | 150,700 | 158,795 | |
Sea, Ltd. ADR(2) | 9,300 | 618,636 | |
Sembcorp Industries, Ltd. | 183,600 | 752,646 | |
Sembcorp Marine, Ltd.(2) | 1,456,188 | 154,335 | |
Sheng Siong Group, Ltd. | 201,600 | 248,675 | |
Singapore Airlines, Ltd. | 92,700 | 525,148 | |
Singapore Exchange, Ltd. | 40,400 | 295,316 | |
Singapore Post, Ltd. | 292,300 | 109,930 | |
Singapore Technologies Engineering, Ltd. | 121,200 | 340,269 | |
Singapore Telecommunications, Ltd.(5) | 311,400 | 624,689 | |
Singapore Telecommunications, Ltd.(5) | 84,700 | 169,592 | |
Suntec Real Estate Investment Trust | 89,800 | 87,139 | |
UMS Holdings, Ltd.(1) | 56,725 | 46,944 | |
United Overseas Bank, Ltd. | 29,100 | 660,089 | |
UOL Group, Ltd. | 19,600 | 103,707 | |
Venture Corp., Ltd. | 27,200 | 306,651 | |
Wilmar International, Ltd. | 367,200 | 1,066,985 | |
$ 10,820,408 |
Security | Shares | Value | |
Spain — 4.4% | |||
ACS Actividades de Construccion y Servicios S.A. | 17,040 | $ 596,053 | |
Aena SME S.A.(3) | 4,771 | 761,891 | |
Almirall S.A.(1) | 40,254 | 386,146 | |
Amadeus IT Group S.A. | 27,190 | 1,950,504 | |
Banco de Sabadell S.A. | 103,800 | 127,920 | |
Banco Santander S.A. | 341,173 | 1,382,529 | |
Bankinter S.A. | 35,852 | 231,964 | |
CaixaBank S.A. | 135,566 | 548,392 | |
Cellnex Telecom S.A.(3) | 58,584 | 2,392,516 | |
Cia de Distribucion Integral Logista Holdings S.A. | 14,897 | 414,510 | |
Enagas S.A. | 10,500 | 186,338 | |
Ence Energia y Celulosa S.A.(1) | 110,221 | 335,669 | |
Energia Innovacion y Desarrollo Fotovoltaico S.A.(2)(4) | 3,300 | 53,990 | |
Global Dominion Access S.A.(3) | 31,250 | 131,545 | |
Grifols S.A.(1)(2) | 84,481 | 1,241,052 | |
Iberdrola S.A. | 141,919 | 1,771,363 | |
Indra Sistemas S.A.(1) | 10,400 | 151,254 | |
Industria de Diseno Textil S.A. | 63,325 | 2,423,943 | |
Laboratorios Farmaceuticos Rovi S.A. | 11,900 | 571,352 | |
Mapfre S.A. | 69,417 | 144,280 | |
Merlin Properties Socimi S.A. | 122,600 | 1,142,506 | |
Neinor Homes S.A.(2)(3) | 10,000 | 99,004 | |
Redeia Corp. S.A. | 20,678 | 345,853 | |
Repsol S.A. | 132,966 | 2,030,048 | |
Sacyr S.A.(1) | 61,254 | 209,410 | |
Telefonica S.A. | 23,741 | 101,155 | |
Tubacex S.A. | 28,949 | 92,808 | |
Vidrala S.A. | 3,722 | 378,943 | |
Viscofan S.A. | 8,168 | 530,275 | |
$ 20,733,213 | |||
Sweden — 4.4% | |||
AcadeMedia AB(3) | 13,600 | $ 65,577 | |
Alfa Laval AB | 4,650 | 174,066 | |
Arjo AB, Class B | 29,560 | 126,473 | |
Assa Abloy AB, Class B | 10,010 | 240,669 | |
Atlas Copco AB, Class B | 18,000 | 222,281 | |
Atrium Ljungberg AB, Class B | 7,700 | 151,020 | |
Attendo AB(2)(3) | 51,800 | 157,447 | |
Betsson AB, Class B(1)(2) | 10,576 | 127,969 | |
Bilia AB, Class A | 7,790 | 81,868 | |
Billerud Aktiebolag(1) | 45,811 | 390,659 | |
BioArctic AB, Class B(1)(2)(3) | 4,601 | 131,834 | |
BioGaia AB, Class B | 21,245 | 210,605 | |
Boliden AB | 11,400 | 335,265 | |
Camurus AB(2) | 7,100 | 200,591 |
Security | Shares | Value | |
Sweden (continued) | |||
Castellum AB(1) | 47,848 | $ 544,899 | |
Catena AB | 3,800 | 145,978 | |
Cibus Nordic Real Estate AB(1) | 7,400 | 83,212 | |
Dios Fastigheter AB | 19,400 | 132,285 | |
Electrolux AB, Class B | 16,000 | 197,620 | |
Elekta AB, Class B | 42,160 | 341,548 | |
Embracer Group AB, Class B(1)(2) | 118,990 | 341,536 | |
Epiroc AB, Class A | 7,626 | 152,258 | |
Epiroc AB, Class B | 7,415 | 125,974 | |
Essity AB, Class B | 85,735 | 2,125,909 | |
Evolution AB(3) | 8,498 | 1,047,910 | |
Fabege AB(1) | 29,218 | 253,039 | |
Getinge AB, Class B | 22,900 | 426,696 | |
H & M Hennes & Mauritz AB, Class B(1) | 25,600 | 430,586 | |
Hansa Biopharma AB(1)(2) | 21,464 | 102,048 | |
Hemnet Group AB | 11,500 | 203,716 | |
Hexagon AB, Class B | 33,500 | 324,810 | |
Holmen AB, Class B | 16,716 | 643,913 | |
Hufvudstaden AB, Class A | 17,000 | 208,114 | |
Husqvarna AB, Class B(1) | 11,370 | 111,523 | |
Industrivarden AB, Class A | 8,280 | 235,127 | |
Industrivarden AB, Class C(1) | 6,400 | 181,317 | |
Investor AB, Class A | 17,770 | 360,880 | |
JM AB | 7,000 | 109,983 | |
L E Lundbergforetagen AB, Class B(1) | 4,100 | 180,685 | |
Loomis AB, Class B | 3,200 | 93,352 | |
Millicom International Cellular S.A., SDR(2) | 16,200 | 251,541 | |
Modern Times Group MTG AB, Class B(2) | 38,900 | 253,012 | |
Mycronic AB(1) | 26,942 | 579,785 | |
Nyfosa AB | 29,973 | 190,144 | |
Olink Holding AB ADR(2) | 6,400 | 121,600 | |
Orron Energy AB(1)(2) | 29,152 | 33,700 | |
Pandox AB, Class B | 17,478 | 206,092 | |
Paradox Interactive AB | 8,600 | 246,782 | |
Saab AB, Class B | 2,757 | 145,319 | |
Sandvik AB | 11,780 | 239,282 | |
Securitas AB, Class B(1) | 12,200 | 103,844 | |
Skandinaviska Enskilda Banken AB, Class A | 40,800 | 494,587 | |
Skanska AB, Class B | 5,700 | 90,912 | |
SKF AB, Class B | 6,500 | 123,841 | |
SkiStar AB | 4,900 | 53,204 | |
Stillfront Group AB(2) | 88,200 | 163,225 | |
Storytel AB, Class B(2) | 23,200 | 79,601 | |
Svenska Cellulosa AB SCA, Class B | 67,464 | 896,426 | |
Svenska Handelsbanken AB, Class A | 46,800 | 410,902 | |
Swedbank AB, Class A | 22,300 | 409,020 |
Security | Shares | Value | |
Sweden (continued) | |||
Swedish Orphan Biovitrum AB(1)(2) | 22,039 | $ 431,371 | |
Tele2 AB, Class B | 46,720 | 351,547 | |
Telefonaktiebolaget LM Ericsson, Class B | 180,300 | 906,994 | |
Telia Co. AB(1) | 178,000 | 382,519 | |
Tethys Oil AB(2) | 12,500 | 63,011 | |
Thule Group AB(1)(3) | 6,300 | 196,726 | |
Trelleborg AB, Class B | 4,800 | 127,789 | |
Truecaller AB, Class B(1)(2) | 69,800 | 276,498 | |
Volvo AB, Class A | 4,800 | 108,845 | |
Volvo AB, Class B | 17,650 | 389,335 | |
Wallenstam AB, Class B | 49,600 | 193,364 | |
Wihlborgs Fastigheter AB | 46,944 | 367,094 | |
$ 20,609,154 | |||
Switzerland — 9.2% | |||
ABB, Ltd. | 22,982 | $ 922,211 | |
ALSO Holding AG | 1,446 | 330,892 | |
Baloise Holding AG | 2,338 | 361,896 | |
Banque Cantonale Vaudoise(1) | 3,704 | 415,742 | |
BKW AG | 1,702 | 304,563 | |
Bucher Industries AG | 637 | 283,855 | |
Bystronic AG | 167 | 117,007 | |
Cembra Money Bank AG | 4,048 | 307,253 | |
Cie Financiere Richemont S.A., Class A | 28,467 | 4,584,121 | |
Clariant AG(2) | 30,439 | 498,779 | |
DKSH Holding AG | 3,161 | 255,071 | |
Dottikon Es Holding AG(1)(2) | 1,055 | 289,763 | |
DSM-Firmenich AG | 13,608 | 1,499,997 | |
EMS-Chemie Holding AG | 810 | 676,066 | |
Flughafen Zurich AG | 2,030 | 429,745 | |
Forbo Holding AG | 151 | 217,225 | |
Galenica AG(3) | 4,789 | 385,419 | |
Givaudan S.A. | 447 | 1,508,835 | |
Helvetia Holding AG | 2,514 | 372,029 | |
Holcim, Ltd.(2) | 32,162 | 2,241,592 | |
Huber+Suhner AG | 3,060 | 264,303 | |
Intershop Holding AG | 234 | 161,527 | |
Julius Baer Group, Ltd. | 8,830 | 625,407 | |
Komax Holding AG | 695 | 170,856 | |
Kuehne & Nagel International AG | 2,436 | 762,215 | |
Landis & Gyr Group AG(2) | 3,124 | 271,255 | |
LEM Holding S.A. | 128 | 307,839 | |
Logitech International S.A. | 19,419 | 1,372,903 | |
Meyer Burger Technology AG(1)(2) | 557,106 | 334,949 | |
Nestle S.A. | 46,883 | 5,744,064 | |
Novartis AG | 28,204 | 2,952,878 |
Security | Shares | Value | |
Switzerland (continued) | |||
PSP Swiss Property AG | 5,878 | $ 692,664 | |
Roche Holding AG PC | 7,927 | 2,457,777 | |
Schindler Holding AG | 1,944 | 450,739 | |
Schindler Holding AG PC | 2,311 | 561,149 | |
Schweiter Technologies AG | 220 | 169,346 | |
SFS Group AG | 1,848 | 219,686 | |
SGS S.A. | 5,275 | 512,176 | |
SIG Group AG(2) | 27,641 | 738,945 | |
Softwareone Holding AG(2) | 11,522 | 246,600 | |
Stadler Rail AG | 9,144 | 367,201 | |
Swatch Group AG (The) | 6,297 | 378,152 | |
Swatch Group AG (The), Bearer Shares | 2,437 | 779,939 | |
Swiss Life Holding AG | 912 | 579,899 | |
Swiss Prime Site AG | 8,728 | 844,952 | |
Swiss Re AG | 8,196 | 855,165 | |
Swisscom AG | 2,330 | 1,498,319 | |
u-blox Holding AG(2) | 1,652 | 185,009 | |
Valiant Holding AG | 2,200 | 242,073 | |
Vontobel Holding AG | 5,199 | 350,244 | |
Zehnder Group AG | 2,230 | 163,328 | |
Zurich Insurance Group AG | 3,814 | 1,844,063 | |
$ 43,107,683 | |||
United Kingdom — 8.6% | |||
Admiral Group PLC | 5,900 | $ 161,088 | |
Airtel Africa PLC(3) | 207,600 | 310,420 | |
Assura PLC | 231,800 | 140,976 | |
AstraZeneca PLC | 19,270 | 2,768,640 | |
Aviva PLC | 24,342 | 121,276 | |
B&M European Value Retail S.A. | 40,600 | 288,378 | |
BAE Systems PLC | 35,333 | 422,549 | |
Balfour Beatty PLC | 28,400 | 127,539 | |
Barclays PLC | 138,700 | 275,224 | |
Bellway PLC | 5,400 | 153,557 | |
Berkeley Group Holdings PLC | 4,063 | 226,543 | |
Big Yellow Group PLC | 13,089 | 180,133 | |
British American Tobacco PLC | 22,400 | 753,269 | |
British Land Co. PLC (The) | 67,700 | 293,764 | |
BT Group PLC | 277,800 | 435,308 | |
Bunzl PLC | 6,100 | 226,114 | |
Burberry Group PLC | 10,790 | 308,003 | |
Centamin PLC | 159,300 | 196,696 | |
Centrica PLC | 281,700 | 499,215 | |
Compass Group PLC | 36,863 | 959,088 | |
Computacenter PLC | 11,000 | 310,331 | |
Croda International PLC | 4,887 | 370,010 |
Security | Shares | Value | |
United Kingdom (continued) | |||
Darktrace PLC(1)(2) | 64,400 | $ 305,421 | |
Derwent London PLC | 8,000 | 217,396 | |
Direct Line Insurance Group PLC | 42,288 | 81,660 | |
Domino's Pizza Group PLC(1) | 39,048 | 174,123 | |
Drax Group PLC | 24,900 | 193,318 | |
DS Smith PLC | 55,300 | 219,864 | |
Energean PLC | 8,742 | 130,079 | |
Experian PLC | 14,449 | 558,390 | |
Fresnillo PLC | 32,200 | 255,193 | |
Glencore PLC | 71,200 | 432,998 | |
Grainger PLC | 69,506 | 224,605 | |
Great Portland Estates PLC | 23,683 | 129,960 | |
GSK PLC | 54,600 | 971,943 | |
Hays PLC | 79,300 | 109,108 | |
Hiscox, Ltd. | 11,000 | 152,256 | |
HSBC Holdings PLC | 175,600 | 1,458,606 | |
IG Group Holdings PLC | 14,640 | 133,028 | |
IMI PLC | 6,650 | 139,034 | |
Imperial Brands PLC | 17,600 | 415,808 | |
Inchcape PLC | 19,600 | 206,133 | |
Informa PLC | 85,000 | 827,039 | |
InterContinental Hotels Group PLC | 5,400 | 399,099 | |
Intertek Group PLC | 4,100 | 229,676 | |
ITV PLC | 348,200 | 323,367 | |
Johnson Matthey PLC | 9,700 | 224,335 | |
Kingfisher PLC | 47,900 | 151,046 | |
Land Securities Group PLC | 51,600 | 428,527 | |
Lloyds Banking Group PLC | 577,220 | 333,487 | |
London Stock Exchange Group PLC | 4,413 | 479,229 | |
LondonMetric Property PLC | 90,700 | 215,175 | |
LXi REIT PLC | 118,300 | 144,557 | |
Manchester United PLC, Class A(1)(2) | 9,700 | 214,952 | |
Mondi PLC | 19,940 | 349,759 | |
Moneysupermarket.com Group PLC | 94,900 | 334,460 | |
National Grid PLC | 152,616 | 2,022,897 | |
NatWest Group PLC | 88,311 | 277,212 | |
NCC Group PLC(1) | 72,058 | 89,205 | |
Next PLC | 3,900 | 352,719 | |
Pearson PLC | 14,214 | 157,229 | |
Persimmon PLC | 9,800 | 145,696 | |
Phoenix Group Holdings PLC | 17,800 | 125,759 | |
Primary Health Properties PLC(1) | 121,769 | 147,908 | |
QinetiQ Group PLC | 30,200 | 125,046 | |
Reckitt Benckiser Group PLC | 9,000 | 674,208 | |
RELX PLC | 26,380 | 887,864 | |
Renishaw PLC | 3,300 | 165,341 |
Security | Shares | Value | |
United Kingdom (continued) | |||
Rentokil Initial PLC | 39,000 | $ 318,012 | |
Rio Tinto PLC | 18,000 | 1,189,759 | |
Rolls-Royce Holdings PLC(2) | 104,000 | 246,598 | |
Rotork PLC | 20,595 | 81,577 | |
Safestore Holdings PLC | 19,133 | 217,501 | |
Sage Group PLC (The) | 85,300 | 1,026,038 | |
Severn Trent PLC | 9,200 | 301,519 | |
Shaftesbury Capital PLC | 103,185 | 158,643 | |
Shell PLC | 126,403 | 3,830,991 | |
Shurgard Self Storage, Ltd. | 3,517 | 160,483 | |
Smiths Group PLC | 5,800 | 126,496 | |
Softcat PLC | 18,500 | 356,450 | |
Spectris PLC | 11,200 | 505,428 | |
Spirax-Sarco Engineering PLC | 1,720 | 245,650 | |
Spirent Communications PLC | 89,600 | 194,733 | |
SSP Group PLC(2) | 30,000 | 96,855 | |
Standard Chartered PLC | 38,500 | 369,814 | |
Supermarket Income REIT PLC | 90,300 | 88,389 | |
Taylor Wimpey PLC | 90,000 | 132,107 | |
Telecom Plus PLC | 16,000 | 341,558 | |
Tesco PLC | 159,300 | 527,613 | |
TORM PLC, Class A | 4,716 | 116,077 | |
Tritax Big Box REIT PLC | 152,000 | 269,527 | |
UK Commercial Property REIT, Ltd. | 180,544 | 121,349 | |
Unilever PLC | 24,121 | 1,296,091 | |
UNITE Group PLC (The) | 27,200 | 339,607 | |
United Utilities Group PLC | 29,800 | 382,142 | |
Victrex PLC | 6,800 | 135,015 | |
Vodafone Group PLC | 1,150,800 | 1,094,710 | |
Weir Group PLC (The) | 5,600 | 131,890 | |
Whitbread PLC | 3,900 | 175,192 | |
$ 40,440,650 | |||
Total Common Stocks (identified cost $414,702,195) | $466,616,811 |
Warrants — 0.0% |
Security | Shares | Value | |
Webuild SpA, Exp. 8/2/30(1)(2)(4) | 15,093 | $ 0 | |
Total Warrants (identified cost $0) | $ 0 |
Short-Term Investments — 3.2% |
Affiliated Fund — 0.3% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.19%(6) | 1,195,918 | $ 1,195,918 | |
Total Affiliated Fund (identified cost $1,195,918) | $ 1,195,918 |
Securities Lending Collateral — 2.9% |
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(7) | 13,686,918 | $ 13,686,918 | |
Total Securities Lending Collateral (identified cost $13,686,918) | $ 13,686,918 | ||
Total Short-Term Investments (identified cost $14,882,836) | $ 14,882,836 |
Total Investments — 102.4% (identified cost $429,585,031) | $481,499,647 | ||
Other Assets, Less Liabilities — (2.4)% | $ (11,351,129) | ||
Net Assets — 100.0% | $470,148,518 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | All or a portion of this security was on loan at July 31, 2023. The aggregate market value of securities on loan at July 31, 2023 was $27,406,631. |
(2) | Non-income producing security. |
(3) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At July 31, 2023, the aggregate value of these securities is $16,239,807 or 3.5% of the Fund's net assets. |
(4) | For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 11). |
(5) | Securities are traded on separate exchanges for the same entity. |
(6) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of July 31, 2023. |
(7) | Represents investment of cash collateral received in connection with securities lending. |
Sector Classification of Portfolio | ||
Sector | Percentage of Net Assets | Value |
Financials | 11.6% | $54,706,052 |
Industrials | 11.6 | 54,428,141 |
Consumer Discretionary | 10.7 | 50,475,397 |
Consumer Staples | 9.8 | 46,185,468 |
Health Care | 9.8 | 46,179,438 |
Materials | 9.4 | 43,989,491 |
Information Technology | 8.5 | 39,927,333 |
Communication Services | 8.4 | 39,461,478 |
Utilities | 7.3 | 34,349,262 |
Real Estate | 6.9 | 32,555,077 |
Energy | 5.2 | 24,359,674 |
Short-Term Investments | 3.2 | 14,882,836 |
Total Investments | 102.4% | $481,499,647 |
Abbreviations: | |
ADR | – American Depositary Receipt |
CDI | – CHESS Depositary Interest |
GDR | – Global Depositary Receipt |
PC | – Participation Certificate |
PFC Shares | – Preference Shares |
SDR | – Swedish Depositary Receipt |
July 31, 2023 | |
Assets | |
Unaffiliated investments, at value (identified cost $428,389,113) — including $27,406,631 of securities on loan | $ 480,303,729 |
Affiliated investments, at value (identified cost $1,195,918) | 1,195,918 |
Foreign currency, at value (identified cost $303,622) | 304,879 |
Dividends receivable | 506,678 |
Dividends receivable from affiliated investments | 3,689 |
Receivable for investments sold | 143,710 |
Receivable for Fund shares sold | 879,715 |
Securities lending income receivable | 18,403 |
Tax reclaims receivable | 1,523,695 |
Receivable from affiliates | 11,893 |
Total assets | $484,892,309 |
Liabilities | |
Collateral for securities loaned | $ 13,686,918 |
Payable for Fund shares redeemed | 591,850 |
Payable to affiliates: | |
Investment adviser and administration fee | 157,373 |
Distribution and service fees | 11,948 |
Accrued expenses | 295,702 |
Total liabilities | $ 14,743,791 |
Net Assets | $470,148,518 |
Sources of Net Assets | |
Paid-in capital | $ 422,371,138 |
Distributable earnings | 47,777,380 |
Net Assets | $470,148,518 |
Class A Shares | |
Net Assets | $ 42,153,108 |
Shares Outstanding | 2,970,338 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.19 |
Maximum Offering Price Per Share (100 ÷ 94.75 of net asset value per share) | $ 14.98 |
Class I Shares | |
Net Assets | $ 277,667,284 |
Shares Outstanding | 19,465,240 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.26 |
Class R Shares | |
Net Assets | $ 7,344,806 |
Shares Outstanding | 524,131 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.01 |
July 31, 2023 | |
Class R6 Shares | |
Net Assets | $142,983,320 |
Shares Outstanding | 10,039,454 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.24 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
July 31, 2023 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $1,387,252) | $ 10,724,736 |
Dividend income from affiliated investments | 24,949 |
Securities lending income, net | 177,849 |
Total investment income | $10,927,534 |
Expenses | |
Investment adviser and administration fee | $ 915,753 |
Distribution and service fees: | |
Class A | 60,085 |
Class R | 17,808 |
Trustees’ fees and expenses | 14,761 |
Custodian fee | 107,480 |
Transfer and dividend disbursing agent fees | 127,448 |
Legal and accounting services | 42,141 |
Printing and postage | 11,514 |
Registration fees | 32,993 |
Miscellaneous | 18,593 |
Total expenses | $ 1,348,576 |
Deduct: | |
Waiver and/or reimbursement of expenses by affiliates | $ 139,353 |
Total expense reductions | $ 139,353 |
Net expenses | $ 1,209,223 |
Net investment income | $ 9,718,311 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment transactions | $ (2,233,205) |
Investment transactions - affiliated investments | 517,100 |
Foreign currency transactions | (38,861) |
Net realized loss | $ (1,754,966) |
Change in unrealized appreciation (depreciation): | |
Investments | $ 12,496,157 |
Investments - affiliated investments | (548,384) |
Foreign currency | 32,082 |
Net change in unrealized appreciation (depreciation) | $11,979,855 |
Net realized and unrealized gain | $10,224,889 |
Net increase in net assets from operations | $19,943,200 |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 9,718,311 | $ 14,701,131 |
Net realized loss | (1,754,966) | (4,310,896) |
Net change in unrealized appreciation (depreciation) | 11,979,855 | (58,144,384) |
Net increase (decrease) in net assets from operations | $ 19,943,200 | $ (47,754,149) |
Distributions to shareholders: | ||
Class A | $ — | $ (2,055,430) |
Class I | — | (11,808,544) |
Class R | — | (254,341) |
Class R6 | — | (5,080,084) |
Total distributions to shareholders | $ — | $ (19,198,399) |
Transactions in shares of beneficial interest: | ||
Class A | $ (16,240,993) | $ (33,199,930) |
Class I | (16,049,141) | (92,003,049) |
Class R | (210,908) | (1,089,432) |
Class R6 | 10,759,862 | 2,753,594 |
Net decrease in net assets from Fund share transactions | $ (21,741,180) | $(123,538,817) |
Net decrease in net assets | $ (1,797,980) | $(190,491,365) |
Net Assets | ||
At beginning of period | $ 471,946,498 | $ 662,437,863 |
At end of period | $470,148,518 | $ 471,946,498 |
Class A | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.600 | $ 14.970 | $ 14.890 | $ 13.670 | $ 12.560 | $ 14.350 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.280 | $ 0.348 | $ 0.378 | $ 0.249 | $ 0.298 | $ 0.301 |
Net realized and unrealized gain (loss) | 0.310 | (1.217) | 0.405 | 1.175 | 1.144 | (1.700) |
Total income (loss) from operations | $ 0.590 | $ (0.869) | $ 0.783 | $ 1.424 | $ 1.442 | $ (1.399) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.300) | $ (0.425) | $ (0.195) | $ (0.277) | $ (0.211) |
From net realized gain | — | (0.201) | (0.278) | (0.009) | (0.055) | (0.180) |
Total distributions | $ — | $ (0.501) | $ (0.703) | $ (0.204) | $ (0.332) | $ (0.391) |
Net asset value — End of period | $14.190 | $13.600 | $14.970 | $ 14.890 | $ 13.670 | $12.560 |
Total Return(2)(3) | 4.34% (4) | (5.51)% | 5.18% | 10.35% | 11.53% | (9.73)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $ 42,153 | $ 56,337 | $ 99,423 | $113,340 | $103,801 | $ 65,056 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses (3) | 0.75% (5)(6) | 0.76% (6)(7) | 0.75% | 0.75% | 0.75% | 0.75% |
Net investment income | 4.14% (5) | 2.64% | 2.36% | 1.90% | 2.24% | 2.27% |
Portfolio Turnover | 19% (4) | 14% | 22% | 16% | 27% | 30% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if applicable. |
(3) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.06%, 0.07%, 0.04%, 0.07%, 0.06% and 0.11% of average daily net assets for the six months ended July 31, 2023 and the years ended January 31, 2023, 2022, 2021, 2020 and 2019, respectively). Absent this reimbursement, total return would be lower. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | Includes a reduction by the investment adviser of a portion of its adviser and administration fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
(7) | Includes interest expense of 0.01%. |
Class I | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.660 | $ 15.060 | $ 14.980 | $ 13.740 | $ 12.610 | $ 14.410 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.292 | $ 0.378 | $ 0.414 | $ 0.279 | $ 0.297 | $ 0.310 |
Net realized and unrealized gain (loss) | 0.308 | (1.225) | 0.414 | 1.196 | 1.194 | (1.689) |
Total income (loss) from operations | $ 0.600 | $ (0.847) | $ 0.828 | $ 1.475 | $ 1.491 | $ (1.379) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.352) | $ (0.470) | $ (0.226) | $ (0.306) | $ (0.241) |
From net realized gain | — | (0.201) | (0.278) | (0.009) | (0.055) | (0.180) |
Total distributions | $ — | $ (0.553) | $ (0.748) | $ (0.235) | $ (0.361) | $ (0.421) |
Net asset value — End of period | $ 14.260 | $ 13.660 | $ 15.060 | $ 14.980 | $ 13.740 | $ 12.610 |
Total Return(2)(3) | 4.47% (4) | (5.30)% | 5.45% | 10.75% | 11.79% | (9.53)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $277,667 | $281,658 | $417,559 | $400,149 | $359,605 | $151,107 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses (3) | 0.50% (5)(6) | 0.51% (6)(7) | 0.50% | 0.50% | 0.50% | 0.50% |
Net investment income | 4.28% (5) | 2.84% | 2.57% | 2.11% | 2.21% | 2.35% |
Portfolio Turnover | 19% (4) | 14% | 22% | 16% | 27% | 30% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(3) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.06%, 0.07%, 0.04%, 0.07%, 0.06% and 0.11% of average daily net assets for the six months ended July 31, 2023 and the years ended January 31, 2023, 2022, 2021, 2020 and 2019, respectively). Absent this reimbursement, total return would be lower. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | Includes a reduction by the investment adviser of a portion of its adviser and administration fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
(7) | Includes interest expense of 0.01%. |
Class R | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.450 | $ 14.830 | $ 14.790 | $ 13.590 | $ 12.490 | $ 14.290 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.254 | $ 0.302 | $ 0.290 | $ 0.204 | $ 0.237 | $ 0.231 |
Net realized and unrealized gain (loss) | 0.306 | (1.201) | 0.451 | 1.180 | 1.172 | (1.657) |
Total income (loss) from operations | $ 0.560 | $ (0.899) | $ 0.741 | $ 1.384 | $ 1.409 | $ (1.426) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.280) | $ (0.423) | $ (0.175) | $ (0.254) | $ (0.194) |
From net realized gain | — | (0.201) | (0.278) | (0.009) | (0.055) | (0.180) |
Total distributions | $ — | $ (0.481) | $ (0.701) | $ (0.184) | $ (0.309) | $ (0.374) |
Net asset value — End of period | $14.010 | $13.450 | $14.830 | $14.790 | $13.590 | $12.490 |
Total Return(2)(3) | 4.24% (4) | (5.77)% | 4.93% | 10.20% | 11.25% | (9.96)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $ 7,345 | $ 7,248 | $ 9,157 | $ 5,082 | $ 3,713 | $ 1,939 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses (3) | 1.00% (5)(6) | 1.01% (6)(7) | 1.00% | 1.00% | 1.00% | 1.00% |
Net investment income | 3.79% (5) | 2.31% | 1.83% | 1.55% | 1.79% | 1.77% |
Portfolio Turnover | 19% (4) | 14% | 22% | 16% | 27% | 30% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(3) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.06%, 0.07%, 0.04%, 0.07%, 0.06% and 0.11% of average daily net assets for the six months ended July 31, 2023 and the years ended January 31, 2023, 2022, 2021, 2020 and 2019, respectively). Absent this reimbursement, total return would be lower. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | Includes a reduction by the investment adviser of a portion of its adviser and administration fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
(7) | Includes interest expense of 0.01%. |
Class R6 | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.630 | $ 15.040 | $ 14.960 | $ 13.730 | $ 12.600 | $ 14.410 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.288 | $ 0.368 | $ 0.421 | $ 0.275 | $ 0.342 | $ 0.363 |
Net realized and unrealized gain (loss) | 0.322 | (1.214) | 0.416 | 1.198 | 1.155 | (1.746) |
Total income (loss) from operations | $ 0.610 | $ (0.846) | $ 0.837 | $ 1.473 | $ 1.497 | $ (1.383) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.363) | $ (0.479) | $ (0.234) | $ (0.312) | $ (0.247) |
From net realized gain | — | (0.201) | (0.278) | (0.009) | (0.055) | (0.180) |
Total distributions | $ — | $ (0.564) | $ (0.757) | $ (0.243) | $ (0.367) | $ (0.427) |
Net asset value — End of period | $ 14.240 | $ 13.630 | $ 15.040 | $ 14.960 | $ 13.730 | $12.600 |
Total Return(2)(3) | 4.48% (4) | (5.29)% | 5.51% | 10.75% | 11.85% | (9.56)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $142,983 | $126,703 | $136,299 | $150,071 | $112,074 | $ 91,371 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses (3) | 0.47% (5)(6) | 0.48% (6)(7) | 0.47% | 0.47% | 0.47% | 0.47% |
Net investment income | 4.24% (5) | 2.78% | 2.61% | 2.07% | 2.56% | 2.72% |
Portfolio Turnover | 19% (4) | 14% | 22% | 16% | 27% | 30% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(3) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.06%, 0.07%, 0.04%, 0.07%, 0.06% and 0.11% of average daily net assets for the six months ended July 31, 2023 and the years ended January 31, 2023, 2022, 2021, 2020 and 2019, respectively). Absent this reimbursement, total return would be lower. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | Includes a reduction by the investment adviser of a portion of its adviser and administration fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
(7) | Includes interest expense of 0.01%. |
Aggregate cost | $ 435,673,719 |
Gross unrealized appreciation | $ 92,440,099 |
Gross unrealized depreciation | (46,614,171) |
Net unrealized appreciation | $ 45,825,928 |
Average Daily Net Assets | Annual Fee Rate |
Up to $1 billion | 0.400% |
$1 billion but less than $2.5 billion | 0.375% |
$2.5 billion but less than $5 billion | 0.360% |
$5 billion and over | 0.350% |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Sales | 168,425 | $ 2,291,980 | 1,151,916 | $ 15,242,063 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 163,284 | 2,041,048 | |
Redemptions | (1,339,844) | (18,532,973) | (3,812,887) | (50,483,041) | |
Net decrease | (1,171,419) | $(16,240,993) | (2,497,687) | $ (33,199,930) | |
Class I | |||||
Sales | 1,669,149 | $ 22,895,920 | 4,144,062 | $ 55,413,244 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 908,604 | 11,393,896 | |
Redemptions | (2,829,504) | (38,945,061) | (12,162,125) | (158,810,189) | |
Net decrease | (1,160,355) | $(16,049,141) | (7,109,459) | $ (92,003,049) | |
Class R | |||||
Sales | 31,973 | $ 429,513 | 79,898 | $ 1,050,076 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 20,577 | 254,333 | |
Redemptions | (46,819) | (640,421) | (179,097) | (2,393,841) | |
Net decrease | (14,846) | $ (210,908) | (78,622) | $ (1,089,432) |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | ||||
Shares | Amount | Shares | Amount | ||
Class R6 | |||||
Sales | 1,964,385 | $ 27,300,110 | 2,093,383 | $ 28,037,045 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 405,758 | 5,080,084 | |
Redemptions | (1,219,140) | (16,540,248) | (2,268,661) | (30,363,535) | |
Net increase | 745,245 | $ 10,759,862 | 230,480 | $ 2,753,594 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $ 13,686,496 | $ — | $ — | $ — | $ 13,686,496 |
Warrants | 422 | — | — | — | 422 |
Total | $13,686,918 | $ — | $ — | $ — | $13,686,918 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Common Stocks | ||||||||
Mitsubishi UFJ Financial Group, Inc. | $1,344,848 | $ — | $ (1,313,564) | $ 517,100 | $ (548,384) | $ — | $ — | — |
Short-Term Investments | ||||||||
Liquidity Fund | 1,199,635 | 30,496,498 | (30,500,215) | — | — | 1,195,918 | 24,949 | 1,195,918 |
Total | $517,100 | $(548,384) | $1,195,918 | $24,949 |
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3* | Total |
Common Stocks: | ||||
Asia/Pacific | $ 1,800,588 | $ 135,265,486 | $ 0 | $ 137,066,074 |
Developed Europe | 10,061,458 | 308,574,197 | 53,990 | 318,689,645 |
Developed Middle East | 1,498,338 | 9,362,754 | — | 10,861,092 |
Total Common Stocks | $ 13,360,384 | $ 453,202,437** | $ 53,990 | $466,616,811 |
Warrants | $ — | $ — | $ 0 | $ 0 |
Short-Term Investments: | ||||
Affiliated Fund | 1,195,918 | — | — | 1,195,918 |
Securities Lending Collateral | 13,686,918 | — | — | 13,686,918 |
Total Investments | $ 28,243,220 | $ 453,202,437 | $ 53,990 | $481,499,647 |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
** | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
Officers | |
Eric A. Stein President | Nicholas S. Di Lorenzo Secretary |
Deidre E. Walsh Vice President and Chief Legal Officer | Richard F. Froio Chief Compliance Officer |
James F. Kirchner Treasurer |
Trustees |
George J. Gorman Chairperson | |
Alan C. Bowser | |
Mark R. Fetting | |
Cynthia E. Frost | |
Valerie A. Mosley | |
Anchal Pachnanda*(1) |
Keith Quinton | |
Marcus L. Smith | |
Susan J. Sutherland | |
Scott E. Wennerholm | |
Nancy A. Wiser |
* | Interested Trustee |
(1) | Ms. Pachnanda began serving as Trustee effective April 1, 2023. |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
Two International Place
Boston, MA 02110
800 Fifth Avenue, Suite 2800
Seattle, WA 98104
Two International Place
Boston, MA 02110
(617) 482-8260
One Congress Street, Suite 1
Boston, MA 02114-2016
Attn: Eaton Vance Funds
P.O. Box 534439
Pittsburgh, PA 15253-4439
(800) 260-0761
Boston, MA 02110
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Ten Years |
Class A at NAV | 06/30/2006 | 06/30/2006 | 5.31% | 13.79% | 1.37% | 2.07% |
Class A with 5.25% Maximum Sales Charge | — | — | (0.21) | 7.78 | 0.29 | 1.52 |
Class C at NAV | 06/30/2006 | 06/30/2006 | 4.85 | 12.90 | 0.61 | 1.45 |
Class C with 1% Maximum Deferred Sales Charge | — | — | 3.85 | 11.90 | 0.61 | 1.45 |
Class I at NAV | 06/30/2006 | 06/30/2006 | 5.46 | 14.10 | 1.62 | 2.32 |
Class R6 at NAV | 07/01/2014 | 06/30/2006 | 5.47 | 14.12 | 1.70 | 2.38 |
MSCI Emerging Markets Index | — | — | 3.26% | 8.35% | 1.71% | 3.47% |
% Total Annual Operating Expense Ratios3 | Class A | Class C | Class I | Class R6 |
Gross | 1.65% | 2.40% | 1.40% | 1.33% |
Net | 1.50 | 2.25 | 1.25 | 1.18 |
Sector Allocation (% of net assets)1 |
Geographic Allocation (% of common stocks) |
Top 10 Holdings (% of net assets)1 | |
Delta Electronics (Thailand) PCL | 1.0% |
Tencent Holdings, Ltd. | 1.0 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 0.9 |
Samsung Electronics Co., Ltd. | 0.8 |
America Movil SAB de CV, Series B | 0.7 |
Turkiye Petrol Rafinerileri AS | 0.7 |
Naspers, Ltd., Class N | 0.6 |
Reliance Industries, Ltd. | 0.6 |
Turkcell Iletisim Hizmetleri AS | 0.6 |
Petroleo Brasileiro S.A., PFC Shares | 0.5 |
Total | 7.4% |
1 | Excludes cash and cash equivalents. |
1 | MSCI Emerging Markets Index is an unmanaged index of emerging markets common stocks. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Effective November 5, 2020, Class C shares automatically convert to Class A shares eight years after purchase. The average annual total returns listed for Class C reflect conversion to Class A shares after eight years. Prior to November 5, 2020, Class C shares automatically converted to Class A shares ten years after purchase.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance presented in the Financial Highlights included in the financial statements is not linked. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 5/31/25. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Fund profile subject to change due to active management. |
Beginning Account Value (2/1/23) | Ending Account Value (7/31/23) | Expenses Paid During Period* (2/1/23 – 7/31/23) | Annualized Expense Ratio | |
Actual | ||||
Class A | $1,000.00 | $1,053.10 | $ 8.55 | 1.68% |
Class C | $1,000.00 | $1,048.50 | $12.34 | 2.43% |
Class I | $1,000.00 | $1,054.60 | $ 7.28 | 1.43% |
Class R6 | $1,000.00 | $1,054.70 | $ 6.88 | 1.35% |
Hypothetical | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,016.46 | $ 8.40 | 1.68% |
Class C | $1,000.00 | $1,012.74 | $12.13 | 2.43% |
Class I | $1,000.00 | $1,017.70 | $ 7.15 | 1.43% |
Class R6 | $1,000.00 | $1,018.10 | $ 6.76 | 1.35% |
* | Expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on January 31, 2023. |
Common Stocks — 99.4% |
Security | Shares | Value | |
Argentina — 0.6% | |||
Cresud S.A. ADR(1)(2) | 8,891 | $ 70,772 | |
Grupo Financiero Galicia S.A. ADR(1)(2) | 4,627 | 78,428 | |
Loma Negra Cia Industrial Argentina S.A. ADR | 7,724 | 51,442 | |
MercadoLibre, Inc.(1) | 587 | 726,735 | |
Pampa Energia S.A. ADR(1) | 1,279 | 53,718 | |
Telecom Argentina S.A. ADR(1)(2) | 6,900 | 43,263 | |
Transportadora de Gas del Sur S.A., Class B ADR(1)(2) | 3,013 | 37,361 | |
YPF S.A. ADR(1)(2) | 6,024 | 89,698 | |
$ 1,151,417 | |||
Bahrain — 0.2% | |||
Al Salam Bank BSC | 620,014 | $ 302,258 | |
GFH Financial Group BSC | 612,932 | 173,610 | |
$ 475,868 | |||
Bangladesh — 0.5% | |||
Bangladesh Export Import Co., Ltd. | 66,933 | $ 64,145 | |
Beximco Pharmaceuticals, Ltd. | 125,930 | 152,597 | |
City Bank, Ltd. (The) | 285,685 | 50,545 | |
Grameenphone, Ltd. | 18,840 | 44,773 | |
Heidelberger Cement Bangladesh, Ltd. | 18,065 | 26,818 | |
Jamuna Oil Co., Ltd. | 22,841 | 31,677 | |
Olympic Industries, Ltd. | 41,067 | 38,637 | |
Pubali Bank, Ltd. | 240,880 | 51,275 | |
Renata, Ltd. | 6,549 | 66,148 | |
Square Pharmaceuticals PLC | 171,709 | 298,734 | |
Summit Power, Ltd. | 107,026 | 30,179 | |
Titas Gas Transmission & Distribution Co., Ltd. | 150,108 | 50,903 | |
Unique Hotel & Resorts PLC | 114,627 | 52,391 | |
United Commercial Bank PLC | 706,424 | 72,908 | |
$ 1,031,730 | |||
Botswana — 0.6% | |||
Botswana Insurance Holdings, Ltd. | 81,055 | $ 120,665 | |
First National Bank of Botswana, Ltd. | 546,849 | 159,463 | |
Letshego Holdings, Ltd. | 948,236 | 74,313 | |
Sechaba Breweries Holdings, Ltd. | 495,028 | 848,168 | |
$ 1,202,609 | |||
Brazil — 4.7% | |||
Alpargatas S.A., PFC Shares(1) | 51,100 | $ 104,064 | |
AMBEV S.A. | 142,850 | 448,903 | |
Arcos Dorados Holdings, Inc., Class A | 8,100 | 91,530 |
Security | Shares | Value | |
Brazil (continued) | |||
Arezzo Industria e Comercio S.A. | 5,800 | $ 101,067 | |
B3 S.A. - Brasil Bolsa Balcao | 26,000 | 81,925 | |
Banco Bradesco S.A., PFC Shares | 43,292 | 152,523 | |
CCR S.A. | 26,700 | 75,040 | |
Centrais Eletricas Brasileiras S.A., Class B, PFC Shares | 33,600 | 310,012 | |
Cia de Saneamento Basico do Estado de Sao Paulo | 12,660 | 155,548 | |
Cia Energetica de Minas Gerais, PFC Shares | 41,800 | 111,997 | |
Cielo S.A. | 91,406 | 91,237 | |
Cogna Educacao S.A.(1) | 75,636 | 53,583 | |
Cosan S.A. | 39,700 | 167,405 | |
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 23,700 | 119,383 | |
Embraer S.A. ADR(1) | 9,248 | 144,639 | |
Engie Brasil Energia S.A. | 8,250 | 76,834 | |
Equatorial Energia S.A. | 27,300 | 193,633 | |
Fleury S.A. | 31,395 | 106,957 | |
Gerdau S.A., PFC Shares | 16,695 | 103,268 | |
Grupo De Moda Soma S.A. | 36,077 | 85,753 | |
Hapvida Participacoes e Investimentos S.A.(1)(3) | 495,920 | 503,392 | |
Hypera S.A. | 36,000 | 329,339 | |
Itau Unibanco Holding S.A., PFC Shares | 30,120 | 182,424 | |
Itausa S.A., PFC Shares | 55,756 | 115,786 | |
JBS S.A. | 20,225 | 80,323 | |
Klabin S.A., PFC Shares | 103,800 | 101,632 | |
Localiza Rent a Car S.A. | 20,789 | 295,519 | |
Locaweb Servicos de Internet S.A.(3) | 34,800 | 54,532 | |
Lojas Renner S.A. | 41,384 | 164,092 | |
Magazine Luiza S.A.(1) | 273,300 | 193,615 | |
Marfrig Global Foods S.A. | 38,855 | 60,968 | |
Multiplan Empreendimentos Imobiliarios S.A. | 30,700 | 171,459 | |
Natura & Co. Holding S.A.(1) | 23,300 | 90,022 | |
Petroleo Brasileiro S.A., PFC Shares | 169,800 | 1,117,098 | |
Raia Drogasil S.A. | 30,972 | 189,746 | |
Rede D'Or Sao Luiz S.A.(3) | 65,300 | 497,129 | |
Rumo S.A. | 37,219 | 182,917 | |
Sendas Distribuidora S.A. | 51,145 | 145,688 | |
StoneCo, Ltd., Class A(1) | 4,900 | 71,001 | |
Suzano S.A. | 10,620 | 107,957 | |
Telefonica Brasil S.A. | 38,100 | 339,284 | |
TIM S.A. | 80,550 | 244,269 | |
TOTVS S.A. | 43,070 | 269,327 | |
Vale S.A. | 45,947 | 671,995 | |
Via S.A.(1) | 233,600 | 106,704 | |
Vibra Energia S.A. | 51,200 | 185,473 |
Security | Shares | Value | |
Brazil (continued) | |||
Weg S.A. | 31,104 | $ 262,579 | |
YDUQS Participacoes S.A.(1) | 24,300 | 114,030 | |
$ 9,623,601 | |||
Bulgaria — 0.2% | |||
CB First Investment Bank AD(1) | 101,904 | $ 134,161 | |
Chimimport AD(1) | 164,922 | 65,637 | |
MonBat AD | 28,235 | 73,635 | |
Sopharma AD | 61,906 | 191,303 | |
$ 464,736 | |||
Chile — 2.4% | |||
Aguas Andinas S.A., Series A | 483,322 | $ 169,375 | |
Banco de Chile | 2,960,094 | 329,548 | |
Banco de Credito e Inversiones S.A. | 3,443 | 103,420 | |
Banco Santander Chile | 3,218,212 | 171,815 | |
CAP S.A. | 7,626 | 58,176 | |
Cencosud S.A. | 133,252 | 286,376 | |
Cia Cervecerias Unidas S.A. | 16,853 | 139,734 | |
Cia Sud Americana de Vapores S.A. | 4,277,766 | 323,785 | |
Colbun S.A. | 624,587 | 98,608 | |
Embotelladora Andina S.A., Class B, PFC Shares | 51,948 | 142,739 | |
Empresa Nacional de Telecomunicaciones S.A. | 24,183 | 97,200 | |
Empresas CMPC S.A. | 98,316 | 194,067 | |
Empresas COPEC S.A. | 75,124 | 576,227 | |
Enel Americas S.A.(1) | 1,632,285 | 220,636 | |
Enel Chile S.A. | 1,903,814 | 131,369 | |
Falabella S.A. | 131,123 | 362,605 | |
Parque Arauco S.A. | 232,299 | 372,423 | |
Quinenco S.A. | 9,770 | 34,005 | |
Ripley Corp. S.A. | 484,810 | 105,463 | |
Sociedad Matriz SAAM S.A. | 1,031,318 | 111,867 | |
Sociedad Quimica y Minera de Chile S.A., Series B, PFC Shares | 9,400 | 689,248 | |
Sonda S.A. | 225,936 | 120,381 | |
Vina Concha y Toro S.A. | 92,943 | 126,185 | |
$ 4,965,252 | |||
China — 15.9% | |||
3SBio, Inc.(1)(3) | 98,000 | $ 94,408 | |
AAC Technologies Holdings, Inc. | 69,500 | 159,228 | |
Aier Eye Hospital Group Co., Ltd., Class A | 24,105 | 68,021 | |
Air China, Ltd., Class H(1) | 178,000 | 145,969 | |
Alibaba Group Holding, Ltd. ADR(1) | 9,600 | 980,736 | |
Aluminum Corp. of China, Ltd., Class H | 352,000 | 175,042 | |
Angang Steel Co., Ltd., Class H | 306,400 | 91,978 |
Security | Shares | Value | |
China (continued) | |||
Anhui Conch Cement Co., Ltd., Class H | 54,500 | $ 164,530 | |
ANTA Sports Products, Ltd. | 15,000 | 177,764 | |
Baidu, Inc. ADR(1) | 3,632 | 566,556 | |
Bank of Beijing Co., Ltd., Class A | 182,760 | 119,463 | |
Bank of China, Ltd., Class H | 536,000 | 198,801 | |
Bank of Ningbo Co., Ltd., Class A | 19,850 | 81,024 | |
BeiGene, Ltd. ADR(1) | 1,500 | 321,330 | |
Beijing Capital International Airport Co., Ltd., Class H(1) | 308,000 | 201,420 | |
Beijing Enterprises Holdings, Ltd. | 39,500 | 157,101 | |
Beijing Enterprises Water Group, Ltd. | 290,000 | 70,762 | |
Beijing Originwater Technology Co., Ltd., Class A | 39,363 | 30,815 | |
BOE Technology Group Co., Ltd., Class A | 341,100 | 202,114 | |
BYD Co., Ltd., Class H | 7,654 | 272,620 | |
BYD Electronic (International) Co., Ltd. | 29,000 | 111,956 | |
Changchun High & New Technology Industry Group, Inc., Class A | 6,200 | 130,527 | |
Changjiang Securities Co., Ltd., Class A | 112,200 | 104,825 | |
Chengdu Xingrong Environment Co., Ltd., Class A | 125,700 | 99,423 | |
China Coal Energy Co., Ltd., Class H | 144,000 | 104,364 | |
China Communications Services Corp., Ltd., Class H | 118,000 | 56,135 | |
China Construction Bank Corp., Class H | 530,630 | 309,282 | |
China Everbright Environment Group, Ltd. | 234,925 | 93,744 | |
China Gas Holdings, Ltd. | 165,400 | 185,280 | |
China Jinmao Holdings Group, Ltd. | 352,000 | 57,847 | |
China Life Insurance Co., Ltd., Class H | 92,000 | 161,516 | |
China Longyuan Power Group Corp., Ltd., Class H | 188,000 | 182,013 | |
China Mengniu Dairy Co., Ltd.(1) | 58,000 | 220,295 | |
China Merchants Bank Co., Ltd., Class H | 35,024 | 174,165 | |
China Merchants Port Holdings Co., Ltd. | 42,035 | 57,830 | |
China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A | 74,674 | 149,147 | |
China National Building Material Co., Ltd., Class H | 166,000 | 104,921 | |
China Northern Rare Earth Group High-Tech Co., Ltd., Class A | 15,200 | 52,598 | |
China Oilfield Services, Ltd., Class H | 198,000 | 233,747 | |
China Overseas Land & Investment, Ltd. | 115,160 | 273,179 | |
China Petroleum & Chemical Corp., Class H | 1,449,741 | 811,907 | |
China Railway Group, Ltd., Class H | 281,000 | 184,746 | |
China Resources Beer Holdings Co., Ltd. | 34,000 | 219,058 | |
China Resources Gas Group, Ltd. | 64,000 | 221,711 | |
China Resources Land, Ltd. | 86,000 | 401,296 | |
China Resources Medical Holdings Co., Ltd. | 163,000 | 135,157 | |
China Resources Power Holdings Co., Ltd. | 139,600 | 302,854 | |
China Shenhua Energy Co., Ltd., Class H | 213,500 | 639,943 | |
China Shineway Pharmaceutical Group, Ltd. | 110,000 | 120,997 | |
China Southern Airlines Co., Ltd., Class H(1)(2) | 108,000 | 67,692 | |
China State Construction Engineering Corp., Ltd., Class A | 156,440 | 134,004 |
Security | Shares | Value | |
China (continued) | |||
China Tourism Group Duty Free Corp., Ltd., Class A | 6,700 | $ 118,432 | |
China Travel International Investment Hong Kong, Ltd.(1) | 714,855 | 157,975 | |
China Vanke Co., Ltd., Class H | 149,577 | 212,003 | |
China Yangtze Power Co., Ltd., Class A | 112,600 | 338,482 | |
CIFI Holdings Group Co., Ltd.(1)(2)(4) | 388,960 | 18,952 | |
CITIC, Ltd. | 142,000 | 160,293 | |
CMOC Group, Ltd., Class H | 366,000 | 244,923 | |
COSCO SHIPPING Energy Transportation Co., Ltd., Class H(2) | 186,000 | 205,545 | |
COSCO SHIPPING Holdings Co., Ltd., Class H | 198,866 | 210,482 | |
COSCO SHIPPING Ports, Ltd. | 110,000 | 69,500 | |
Country Garden Holdings Co., Ltd.(1)(2) | 400,880 | 82,357 | |
Country Garden Services Holdings Co., Ltd.(2) | 56,589 | 64,792 | |
CSPC Pharmaceutical Group, Ltd. | 239,760 | 200,266 | |
Daqo New Energy Corp. ADR(1) | 1,900 | 74,233 | |
Dong-E-E-Jiao Co., Ltd., Class A | 16,200 | 110,998 | |
East Money Information Co., Ltd., Class A | 24,751 | 55,852 | |
Focus Media Information Technology Co., Ltd., Class A | 196,344 | 204,971 | |
Ganfeng Lithium Group Co., Ltd., Class A | 14,770 | 123,896 | |
GDS Holdings, Ltd. ADR(1) | 9,300 | 123,504 | |
Gemdale Corp., Class A(1) | 80,700 | 97,727 | |
Great Wall Motor Co., Ltd., Class H | 50,000 | 68,415 | |
Guangdong Baolihua New Energy Stock Co., Ltd., Class A | 86,500 | 78,691 | |
Guangdong Investment, Ltd. | 186,000 | 161,023 | |
Haier Smart Home Co., Ltd., Class H | 47,553 | 156,378 | |
Han's Laser Technology Industry Group Co., Ltd., Class A | 23,400 | 80,334 | |
Hengan International Group Co., Ltd. | 24,500 | 100,776 | |
Huadian Power International Corp., Ltd., Class H(2) | 240,000 | 106,301 | |
Huadong Medicine Co., Ltd., Class A | 32,753 | 199,260 | |
Huaneng Power International, Inc., Class H(1) | 420,000 | 233,313 | |
Huayu Automotive Systems Co., Ltd., Class A | 53,308 | 147,408 | |
Hubei Energy Group Co., Ltd., Class A(1) | 94,014 | 60,920 | |
Hundsun Technologies, Inc., Class A | 31,491 | 181,536 | |
Iflytek Co., Ltd., Class A | 34,550 | 304,175 | |
Industrial & Commercial Bank of China, Ltd., Class H | 495,000 | 241,722 | |
Industrial Bank Co., Ltd., Class A | 25,302 | 59,069 | |
Inner Mongolia BaoTou Steel Union Co., Ltd., Class A(1) | 707,000 | 187,189 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A | 53,200 | 213,698 | |
Innovent Biologics, Inc.(1)(3) | 44,000 | 196,743 | |
JD.com, Inc. ADR | 6,406 | 264,632 | |
Jiangsu Expressway Co., Ltd., Class H | 108,000 | 99,039 | |
Jiangsu Hengrui Pharmaceuticals Co., Ltd., Class A | 38,761 | 242,178 | |
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd., Class A | 11,800 | 242,337 | |
Jiangxi Copper Co., Ltd., Class H | 154,000 | 258,714 | |
Jinke Properties Group Co., Ltd., Class A(1) | 130,499 | 46,416 | |
Kingboard Holdings, Ltd. | 87,100 | 242,369 |
Security | Shares | Value | |
China (continued) | |||
Kingdee International Software Group Co., Ltd.(1) | 99,000 | $ 173,652 | |
Kingsoft Corp., Ltd. | 32,800 | 141,176 | |
Kunlun Energy Co., Ltd. | 338,000 | 276,583 | |
Kweichow Moutai Co., Ltd., Class A | 2,900 | 765,471 | |
Lee & Man Paper Manufacturing, Ltd. | 275,000 | 95,446 | |
Lenovo Group, Ltd. | 204,000 | 234,842 | |
Lepu Medical Technology Beijing Co., Ltd., Class A | 33,300 | 97,064 | |
Li Ning Co., Ltd. | 21,208 | 129,293 | |
Longfor Group Holdings, Ltd.(2)(3) | 49,500 | 133,919 | |
LONGi Green Energy Technology Co., Ltd., Class A | 63,389 | 265,628 | |
Luxshare Precision Industry Co., Ltd., Class A | 71,034 | 321,844 | |
Luye Pharma Group, Ltd.(1)(2)(3) | 249,500 | 116,956 | |
Maanshan Iron & Steel Co., Ltd., Class H | 286,000 | 59,644 | |
Meituan, Class B(1)(3) | 5,073 | 96,844 | |
NARI Technology Co., Ltd., Class A | 59,068 | 201,177 | |
NetEase, Inc. ADR | 3,410 | 370,803 | |
Nine Dragons Paper Holdings, Ltd.(1) | 195,000 | 128,504 | |
OFILM Group Co., Ltd., Class A(1) | 65,800 | 53,365 | |
PetroChina Co., Ltd., Class H | 1,306,000 | 957,607 | |
Ping An Bank Co., Ltd., Class A | 35,488 | 61,293 | |
Ping An Insurance Group Co. of China, Ltd., Class H | 44,000 | 320,616 | |
Poly Developments and Holdings Group Co., Ltd., Class A | 94,900 | 189,367 | |
Poly Property Group Co., Ltd.(2) | 700,000 | 168,013 | |
Power Construction Corp. of China, Ltd., Class A | 53,800 | 45,218 | |
SAIC Motor Corp., Ltd., Class A | 55,100 | 119,617 | |
Sanan Optoelectronics Co., Ltd., Class A | 84,900 | 201,801 | |
Shan Xi Hua Yang Group New Energy Co., Ltd., Class A | 81,150 | 92,441 | |
Shandong Gold Mining Co., Ltd., Class A | 50,680 | 173,211 | |
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 112,000 | 144,643 | |
Shanghai Electric Group Co., Ltd., Class H(1) | 282,000 | 68,769 | |
Shanghai Industrial Holdings, Ltd. | 117,000 | 173,682 | |
Shanxi Lu'an Environmental Energy Development Co., Ltd., Class A | 41,000 | 93,875 | |
Shenzhen Inovance Technology Co., Ltd., Class A | 10,400 | 103,464 | |
Shenzhen Investment, Ltd. | 674,000 | 134,518 | |
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd., Class A | 171,300 | 138,451 | |
Shimao Group Holdings, Ltd.(1) | 118,500 | 23,096 | |
Siasun Robot & Automation Co., Ltd., Class A(1) | 55,000 | 103,141 | |
Sichuan Chuantou Energy Co., Ltd., Class A | 88,600 | 179,336 | |
Sino Biopharmaceutical, Ltd. | 475,500 | 215,657 | |
Sino-Ocean Group Holding, Ltd.(1)(2) | 659,000 | 40,028 | |
Sinopec Shanghai Petrochemical Co., Ltd., Class H(1) | 877,000 | 134,325 | |
Sinopharm Group Co., Ltd., Class H | 60,400 | 190,211 | |
Sunny Optical Technology Group Co., Ltd. | 26,700 | 261,769 | |
Tencent Holdings, Ltd. | 42,539 | 1,955,140 | |
Tingyi (Cayman Islands) Holding Corp. | 56,000 | 86,480 |
Security | Shares | Value | |
China (continued) | |||
Tongling Nonferrous Metals Group Co., Ltd., Class A | 424,000 | $ 193,160 | |
Trip.com Group, Ltd. ADR(1) | 5,254 | 215,624 | |
Tsingtao Brewery Co., Ltd., Class H | 13,566 | 121,990 | |
Vnet Group, Inc. ADR(1)(2) | 14,100 | 41,877 | |
Wanhua Chemical Group Co., Ltd. | 8,165 | 111,934 | |
Want Want China Holdings, Ltd. | 162,920 | 113,616 | |
Weichai Power Co., Ltd., Class H | 102,742 | 152,207 | |
Weimob, Inc.(1)(2)(3) | 219,000 | 119,196 | |
WH Group, Ltd.(3) | 248,121 | 135,422 | |
Wuliangye Yibin Co., Ltd., Class A | 15,200 | 386,112 | |
WuXi Biologics Cayman, Inc.(1)(3) | 90,000 | 519,372 | |
Xinyi Solar Holdings, Ltd. | 170,000 | 184,594 | |
Yangzijiang Financial Holdings, Ltd.(2) | 326,900 | 81,153 | |
Yangzijiang Shipbuilding Holdings, Ltd. | 200,300 | 232,040 | |
Yankuang Energy Group Co., Ltd., Class H(2) | 177,000 | 266,493 | |
Yuan Longping High-Tech Agriculture Co., Ltd., Class A(1) | 65,900 | 150,684 | |
Yuexiu Property Co., Ltd. | 128,000 | 168,919 | |
Yunnan Baiyao Group Co., Ltd., Class A | 29,680 | 223,724 | |
Zhaojin Mining Industry Co., Ltd., Class H | 77,500 | 111,801 | |
Zhejiang Dahua Technology Co., Ltd., Class A | 69,550 | 213,881 | |
Zhejiang Expressway Co., Ltd., Class H | 116,000 | 93,171 | |
Zhejiang Huahai Pharmaceutical Co., Ltd., Class A | 41,250 | 106,332 | |
Zhuzhou CRRC Times Electric Co., Ltd., Class H | 32,800 | 130,760 | |
Zijin Mining Group Co., Ltd., Class H | 190,000 | 328,154 | |
ZTE Corp., Class H | 155,303 | 568,382 | |
ZTO Express Cayman, Inc. ADR | 6,900 | 191,820 | |
$ 32,630,058 | |||
Colombia — 1.2% | |||
Bancolombia S.A. | 26,423 | $ 224,943 | |
Bancolombia S.A. ADR, PFC Shares | 7,755 | 236,993 | |
Cementos Argos S.A. | 96,156 | 86,813 | |
Ecopetrol S.A. | 1,154,369 | 674,780 | |
Geopark, Ltd. | 9,300 | 94,023 | |
Grupo Argos S.A. | 82,564 | 203,725 | |
Grupo Aval Acciones y Valores S.A., PFC Shares | 467,549 | 60,337 | |
Grupo de Inversiones Suramericana S.A. | 5,521 | 52,098 | |
Grupo Energia Bogota S.A. ESP | 266,900 | 120,142 | |
Grupo Nutresa S.A. | 33,093 | 428,749 | |
Interconexion Electrica S.A. | 48,553 | 212,613 | |
$ 2,395,216 | |||
Croatia — 0.6% | |||
Adris Grupa DD, PFC Shares | 1,293 | $ 83,024 | |
Ericsson Nikola Tesla DD | 432 | 99,321 | |
Hrvatski Telekom DD | 11,170 | 321,717 |
Security | Shares | Value | |
Croatia (continued) | |||
Koncar-Elektroindustrija DD | 631 | $ 122,754 | |
Podravka Prehrambena Ind DD | 1,328 | 173,590 | |
Valamar Riviera DD | 75,918 | 363,847 | |
Zagrebacka Banka DD | 4,751 | 64,768 | |
$ 1,229,021 | |||
Czech Republic — 0.6% | |||
CEZ AS | 18,877 | $ 834,710 | |
Komercni Banka AS | 7,268 | 238,029 | |
Philip Morris CR AS | 119 | 92,755 | |
$ 1,165,494 | |||
Egypt — 0.6% | |||
Cleopatra Hospital(1) | 330,000 | $ 43,352 | |
Commercial International Bank Egypt SAE | 171,033 | 279,351 | |
E Finance Investment Group | 106,000 | 61,642 | |
Eastern Co. SAE | 199,265 | 120,536 | |
EFG Holding S.A.E.(1) | 79,120 | 42,180 | |
Egypt Kuwait Holding Co. SAE | 107,500 | 105,990 | |
ElSewedy Electric Co. | 125,156 | 76,331 | |
Fawry for Banking Technology and Electronic Payments SAE(1) | 382,000 | 69,574 | |
Juhayna Food Industries | 143,563 | 66,048 | |
Oriental Weavers | 271,447 | 128,528 | |
Talaat Moustafa Group | 316,254 | 95,956 | |
Telecom Egypt Co. | 67,509 | 57,234 | |
$ 1,146,722 | |||
Estonia — 0.5% | |||
AS Tallink Grupp(1) | 946,348 | $ 675,485 | |
AS Tallinna Kaubamaja Grupp | 31,842 | 351,395 | |
$ 1,026,880 | |||
Ghana — 0.3% | |||
GCB Bank PLC(1) | 1,347,533 | $ 392,004 | |
Standard Chartered Bank of Ghana, Ltd.(1) | 175,500 | 208,473 | |
$ 600,477 | |||
Greece — 1.2% | |||
Aegean Airlines S.A.(1) | 3,992 | $ 57,313 | |
Alpha Services and Holdings S.A.(1) | 58,420 | 105,209 | |
Eurobank Ergasias Services and Holdings S.A.(1) | 72,622 | 126,863 | |
GEK Terna Holding Real Estate Construction S.A.(1) | 4,483 | 70,675 | |
Hellenic Telecommunications Organization S.A. | 21,951 | 346,430 | |
JUMBO S.A. | 9,006 | 268,731 | |
Motor Oil (Hellas) Corinth Refineries S.A. | 8,687 | 219,541 |
Security | Shares | Value | |
Greece (continued) | |||
Mytilineos S.A. | 5,537 | $ 230,427 | |
National Bank of Greece S.A.(1) | 31,588 | 217,538 | |
OPAP S.A. | 15,444 | 271,622 | |
Public Power Corp. S.A.(1) | 10,354 | 122,508 | |
Sarantis S.A. | 6,450 | 53,972 | |
Terna Energy S.A. | 4,568 | 87,685 | |
Titan Cement International S.A. | 6,024 | 126,677 | |
Tsakos Energy Navigation, Ltd. | 3,420 | 71,683 | |
$ 2,376,874 | |||
Hong Kong — 0.0%(5) | |||
Yuexiu Real Estate Investment Trust | 7,935 | $ 1,635 | |
$ 1,635 | |||
Hungary — 0.5% | |||
Magyar Telekom Telecommunications PLC | 43,733 | $ 52,000 | |
MOL Hungarian Oil & Gas PLC | 44,876 | 354,283 | |
OTP Bank Nyrt. | 7,428 | 270,128 | |
Richter Gedeon Nyrt. | 18,101 | 456,772 | |
$ 1,133,183 | |||
Iceland — 0.6% | |||
Arion Banki HF(3) | 94,500 | $ 107,113 | |
Brim HF | 190,700 | 118,881 | |
Eik Fasteignafelag HF(1) | 387,000 | 36,245 | |
Eimskipafelag Islands HF | 8,816 | 35,744 | |
Festi HF | 99,900 | 145,398 | |
Hagar HF | 135,000 | 69,367 | |
Icelandair Group HF(1) | 2,300,000 | 35,800 | |
Islandsbanki HF | 57,500 | 51,521 | |
Kvika Banki HF | 300,000 | 38,669 | |
Marel HF | 51,000 | 169,857 | |
Reginn HF(1) | 336,000 | 63,983 | |
Reitir Fasteignafelag HF | 133,900 | 87,325 | |
Sildarvinnslan HF | 124,800 | 108,394 | |
Siminn HF | 678,565 | 52,218 | |
Syn HF | 84,000 | 29,210 | |
$ 1,149,725 | |||
India — 7.4% | |||
ACC, Ltd. | 1,578 | $ 38,757 | |
Adani Enterprises, Ltd. | 4,154 | 125,905 | |
Adani Ports and Special Economic Zone, Ltd. | 11,419 | 107,853 | |
Adani Total Gas, Ltd. | 4,200 | 33,963 | |
Adani Transmission, Ltd.(1) | 3,600 | 35,892 | |
Apollo Hospitals Enterprise, Ltd. | 4,712 | 297,288 |
Security | Shares | Value | |
India (continued) | |||
Ashok Leyland, Ltd. | 43,400 | $ 97,125 | |
Asian Paints, Ltd. | 3,500 | 143,679 | |
Aurobindo Pharma, Ltd. | 20,924 | 209,619 | |
Avenue Supermarts, Ltd.(1)(3) | 3,000 | 137,040 | |
Axis Bank, Ltd. | 16,772 | 194,919 | |
Bajaj Auto, Ltd. | 2,234 | 134,252 | |
Bajaj Finance, Ltd. | 1,332 | 118,312 | |
Bajaj Finserv, Ltd. | 3,629 | 70,478 | |
Bharat Forge, Ltd. | 6,089 | 68,906 | |
Bharat Petroleum Corp., Ltd. | 16,891 | 77,471 | |
Bharti Airtel, Ltd. | 72,521 | 784,606 | |
Biocon, Ltd. | 20,599 | 64,459 | |
Britannia Industries, Ltd. | 2,800 | 163,761 | |
Cipla, Ltd. | 17,893 | 256,564 | |
Coal India, Ltd. | 25,404 | 70,935 | |
Container Corp. of India, Ltd. | 9,400 | 79,428 | |
Crompton Greaves Consumer Electricals, Ltd. | 19,469 | 69,663 | |
Cummins India, Ltd. | 7,301 | 174,721 | |
Divi's Laboratories, Ltd. | 3,350 | 150,876 | |
DLF, Ltd. | 20,247 | 127,477 | |
Dr. Reddy's Laboratories, Ltd. | 3,717 | 255,521 | |
Eicher Motors, Ltd. | 3,860 | 158,177 | |
Embassy Office Parks REIT | 14,200 | 53,701 | |
GAIL (India), Ltd. | 156,208 | 227,311 | |
Godrej Consumer Products, Ltd.(1) | 12,875 | 162,758 | |
Godrej Properties, Ltd.(1) | 7,400 | 157,075 | |
Grasim Industries, Ltd. | 4,143 | 93,198 | |
Gujarat State Petronet, Ltd. | 19,482 | 68,652 | |
Havells India, Ltd. | 5,343 | 86,816 | |
HCL Technologies, Ltd. | 18,017 | 244,656 | |
HDFC Bank, Ltd. | 10,704 | 214,738 | |
Hero MotoCorp, Ltd. | 3,443 | 134,499 | |
Hindalco Industries, Ltd. | 27,544 | 154,907 | |
Hindustan Aeronautics, Ltd. | 2,700 | 130,204 | |
Hindustan Unilever, Ltd. | 11,071 | 344,707 | |
ICICI Bank, Ltd. | 18,720 | 227,852 | |
Indian Hotels Co., Ltd., Class A | 18,900 | 90,737 | |
Indian Oil Corp., Ltd. | 73,810 | 84,366 | |
Indus Towers, Ltd.(1) | 52,044 | 108,993 | |
Info Edge India, Ltd. | 2,500 | 139,288 | |
Infosys, Ltd. | 53,369 | 882,730 | |
Ipca Laboratories, Ltd. | 6,080 | 64,724 | |
ITC, Ltd. | 34,786 | 196,921 | |
Jio Financial Services, Ltd. | 38,074 | 121,214 | |
JSW Steel, Ltd. | 14,970 | 148,617 | |
Kotak Mahindra Bank, Ltd. | 3,824 | 86,435 |
Security | Shares | Value | |
India (continued) | |||
Larsen & Toubro, Ltd.(1) | 9,400 | $ 306,784 | |
Lupin, Ltd. | 10,226 | 122,392 | |
Mahindra & Mahindra, Ltd. | 11,976 | 214,848 | |
Maruti Suzuki India, Ltd. | 1,314 | 156,903 | |
Max Healthcare Institute, Ltd.(1) | 24,925 | 179,525 | |
Nestle India, Ltd. | 559 | 152,546 | |
NTPC, Ltd. | 142,226 | 376,769 | |
Oil & Natural Gas Corp., Ltd. | 63,509 | 136,926 | |
Pidilite Industries, Ltd. | 4,300 | 137,082 | |
Power Grid Corp. of India, Ltd. | 45,766 | 148,178 | |
Reliance Industries, Ltd. | 38,074 | 1,180,423 | |
Siemens, Ltd. | 2,441 | 118,171 | |
SRF, Ltd. | 3,200 | 84,495 | |
State Bank of India GDR | 11,200 | 84,439 | |
Sun Pharmaceutical Industries, Ltd. | 27,576 | 383,408 | |
Sun TV Network, Ltd. | 7,988 | 52,676 | |
Tata Consultancy Services, Ltd. | 15,203 | 632,147 | |
Tata Consumer Products, Ltd. | 7,384 | 77,161 | |
Tata Motors, Ltd. | 22,152 | 173,814 | |
Tata Power Co., Ltd. (The) | 53,099 | 152,812 | |
Tata Steel, Ltd. | 67,800 | 101,471 | |
Tech Mahindra, Ltd. | 14,661 | 199,769 | |
Titan Co., Ltd. | 4,132 | 151,546 | |
Torrent Pharmaceuticals, Ltd. | 9,488 | 232,152 | |
Tube Investments of India, Ltd. | 2,406 | 90,645 | |
UltraTech Cement, Ltd. | 1,522 | 153,838 | |
UPL, Ltd.(1) | 7,038 | 53,325 | |
Vedanta, Ltd. | 20,367 | 68,589 | |
Vodafone Idea, Ltd.(1) | 759,569 | 76,726 | |
Voltas, Ltd. | 6,353 | 60,205 | |
Wipro, Ltd. | 21,949 | 108,255 | |
WNS Holdings, Ltd. ADR(1) | 2,100 | 145,131 | |
Zee Entertainment Enterprises, Ltd. | 44,401 | 131,516 | |
Zydus Life Sciences, Ltd. | 18,997 | 145,693 | |
$ 15,063,106 | |||
Indonesia — 2.3% | |||
Ace Hardware Indonesia Tbk PT | 1,088,200 | $ 51,982 | |
Adaro Energy Indonesia Tbk PT | 1,211,600 | 193,820 | |
AKR Corporindo Tbk PT | 1,258,400 | 115,658 | |
Aneka Tambang Tbk PT | 939,800 | 123,875 | |
Astra International Tbk PT | 1,419,500 | 645,084 | |
Bank Central Asia Tbk PT | 357,600 | 216,574 | |
Bank Mandiri Persero Tbk PT | 317,400 | 120,658 | |
Bank Negara Indonesia Persero Tbk PT | 113,000 | 66,523 | |
Bank Rakyat Indonesia Persero Tbk PT | 505,368 | 189,212 |
Security | Shares | Value | |
Indonesia (continued) | |||
Bukit Asam Tbk PT | 433,000 | $ 79,622 | |
Bumi Serpong Damai Tbk PT(1) | 1,396,900 | 109,811 | |
Charoen Pokphand Indonesia Tbk PT(1) | 346,400 | 118,828 | |
Erajaya Swasembada Tbk PT | 4,907,500 | 162,798 | |
Gudang Garam Tbk PT | 57,100 | 105,695 | |
Indocement Tunggal Prakarsa Tbk PT | 241,800 | 167,189 | |
Indofood Sukses Makmur Tbk PT | 271,700 | 131,996 | |
Jasa Marga (Persero) Tbk PT | 307,000 | 78,772 | |
Kalbe Farma Tbk PT | 2,457,000 | 312,069 | |
Lippo Karawaci Tbk PT(1) | 10,490,680 | 68,898 | |
Medco Energi Internasional Tbk PT | 1,299,520 | 97,609 | |
Mitra Adiperkasa Tbk PT | 1,163,700 | 152,844 | |
Mitra Keluarga Karyasehat Tbk PT | 1,185,700 | 228,980 | |
Perusahaan Gas Negara Tbk PT | 1,365,300 | 123,612 | |
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 1,193,000 | 82,302 | |
Semen Indonesia Persero Tbk PT | 320,600 | 148,351 | |
Telkom Indonesia Persero Tbk PT | 1,606,600 | 395,827 | |
Unilever Indonesia Tbk PT | 309,900 | 79,106 | |
United Tractors Tbk PT | 130,583 | 238,559 | |
Vale Indonesia Tbk PT | 199,900 | 91,222 | |
Waskita Karya Persero Tbk PT(1)(4) | 2,474,900 | 16,576 | |
Wijaya Karya Persero Tbk PT(1) | 982,300 | 28,541 | |
XL Axiata Tbk PT | 485,100 | 73,032 | |
$ 4,815,625 | |||
Jordan — 0.5% | |||
Arab Bank PLC | 46,584 | $ 287,907 | |
Arab Potash Co. PLC | 7,642 | 343,805 | |
Bank of Jordan | 24,010 | 74,522 | |
Jordan Islamic Bank | 13,918 | 78,751 | |
Jordan Petroleum Refinery | 26,800 | 195,926 | |
Jordanian Electric Power Co. | 18,089 | 50,582 | |
$ 1,031,493 | |||
Kazakhstan — 0.1% | |||
Halyk Savings Bank of Kazakhstan JSC GDR(6) | 16,192 | $ 231,929 | |
KCell JSC GDR(4)(6) | 96,329 | 0 | |
$ 231,929 | |||
Kenya — 0.5% | |||
British American Tobacco Kenya PLC | 16,600 | $ 48,580 | |
East African Breweries PLC | 169,580 | 166,532 | |
Equity Group Holdings PLC | 580,700 | 171,975 |
Security | Shares | Value | |
Kenya (continued) | |||
KCB Group PLC | 526,920 | $ 105,366 | |
Safaricom PLC | 4,038,272 | 488,834 | |
$ 981,287 | |||
Kuwait — 1.2% | |||
Agility Public Warehousing Co. KSC(1) | 155,083 | $ 318,030 | |
Boubyan Bank KSCP | 28,105 | 56,720 | |
Boubyan Petrochemicals Co. KSCP | 2,441 | 5,872 | |
Burgan Bank SAK | 76,981 | 52,126 | |
Gulf Bank KSCP | 122,344 | 105,154 | |
Kuwait Finance House KSCP | 199,218 | 511,789 | |
Mabanee Co. KPSC | 133,238 | 383,031 | |
Mobile Telecommunications Co. KSCP | 213,804 | 362,604 | |
National Bank of Kuwait SAK | 146,577 | 459,019 | |
National Industries Group Holding SAK | 253,374 | 191,452 | |
$ 2,445,797 | |||
Lithuania — 0.4% | |||
Apranga PVA | 65,809 | $ 196,432 | |
Klaipedos Nafta AB(1) | 205,439 | 50,535 | |
Rokiskio Suris | 91,153 | 292,662 | |
Siauliu Bankas AB | 277,296 | 204,496 | |
$ 744,125 | |||
Malaysia — 2.3% | |||
Agmo Holdings Bhd(1) | 9,393 | $ 1,261 | |
Axiata Group Bhd | 157,050 | 93,013 | |
CelcomDigi Bhd | 79,844 | 78,272 | |
CIMB Group Holdings Bhd | 90,800 | 111,852 | |
Dialog Group Bhd | 363,831 | 185,722 | |
Gamuda Bhd | 81,500 | 77,714 | |
Genting Bhd | 165,500 | 158,236 | |
Genting Malaysia Bhd | 265,500 | 153,147 | |
Globetronics Technology Bhd | 582,200 | 186,016 | |
Hartalega Holdings Bhd | 212,408 | 103,718 | |
Hong Leong Bank Bhd | 15,800 | 68,645 | |
IGB Real Estate Investment Trust | 192,600 | 70,924 | |
IHH Healthcare Bhd | 476,500 | 629,333 | |
IJM Corp. Bhd | 173,880 | 59,011 | |
Inari Amertron Bhd | 321,600 | 215,451 | |
IOI Properties Group Bhd | 266,058 | 80,877 | |
KLCCP Stapled Group | 42,600 | 64,249 | |
Kossan Rubber Industries Bhd | 210,000 | 66,610 | |
Kuala Lumpur Kepong Bhd | 14,600 | 75,515 | |
Magnum Bhd | 192,167 | 46,901 | |
Malayan Banking Bhd | 64,187 | 128,420 |
Security | Shares | Value | |
Malaysia (continued) | |||
Malaysia Airports Holdings Bhd | 50,000 | $ 76,515 | |
Maxis Bhd | 70,100 | 62,817 | |
MISC Bhd | 43,400 | 69,195 | |
My EG Services Bhd | 1,000,100 | 169,819 | |
Nestle Malaysia Bhd | 2,600 | 77,238 | |
Petronas Chemicals Group Bhd | 66,900 | 103,200 | |
Petronas Dagangan Bhd | 56,900 | 289,805 | |
Petronas Gas Bhd | 19,600 | 74,258 | |
Press Metal Aluminium Holdings Bhd | 79,740 | 89,166 | |
Public Bank Bhd | 95,290 | 88,144 | |
Silverlake Axis, Ltd. | 627,992 | 137,020 | |
Sime Darby Plantation Bhd | 81,539 | 82,424 | |
Sports Toto Bhd | 276,550 | 89,604 | |
Supermax Corp. Bhd | 220,554 | 41,345 | |
Telekom Malaysia Bhd | 62,300 | 70,342 | |
Tenaga Nasional Bhd | 30,638 | 65,243 | |
Top Glove Corp. Bhd(1) | 696,800 | 142,245 | |
VS Industry Bhd | 999,400 | 198,437 | |
YTL Corp. Bhd | 404,791 | 105,029 | |
$ 4,686,733 | |||
Mauritius — 0.5% | |||
Alteo, Ltd. | 245,799 | $ 44,616 | |
CIEL, Ltd. | 1,094,295 | 160,355 | |
Lighthouse Properties PLC(2) | 23,262 | 8,264 | |
MCB Group, Ltd. | 44,102 | 305,934 | |
Miwa Sugar, Ltd. | 245,799 | 71,194 | |
Phoenix Beverages, Ltd. | 10,244 | 120,721 | |
Rogers & Co., Ltd. | 288,149 | 188,574 | |
SBM Holdings, Ltd. | 974,963 | 95,270 | |
Sun, Ltd., Class A | 121,200 | 85,102 | |
United Basalt Products, Ltd.(1) | 21,996 | 47,484 | |
$ 1,127,514 | |||
Mexico — 4.6% | |||
Alfa SAB de CV, Series A | 299,472 | $ 184,387 | |
Alsea SAB de CV(1) | 58,800 | 204,650 | |
America Movil SAB de CV, Series B | 1,395,405 | 1,463,321 | |
Arca Continental SAB de CV | 22,080 | 221,538 | |
Bolsa Mexicana de Valores SAB de CV | 46,975 | 99,589 | |
Cemex SAB de CV, Series CPO(1) | 663,339 | 505,477 | |
Coca-Cola Femsa SAB de CV, Series L | 15,795 | 133,085 | |
Controladora AXTEL SAB de CV(1) | 299,472 | 3,452 | |
Corporacion Inmobiliaria Vesta SAB de CV(2) | 97,400 | 353,129 | |
El Puerto de Liverpool SAB de CV, Class C1 | 21,180 | 132,519 | |
FIBRA Macquarie Mexico(3) | 105,000 | 203,729 |
Security | Shares | Value | |
Mexico (continued) | |||
Fibra Uno Administracion S.A. de CV | 263,790 | $ 396,512 | |
Fomento Economico Mexicano SAB de CV, Series UBD | 42,256 | 478,758 | |
Genomma Lab Internacional SAB de CV, Class B | 76,500 | 68,574 | |
Gruma SAB de CV, Class B | 5,355 | 95,651 | |
Grupo Aeroportuario del Centro Norte SAB de CV, Class B | 21,300 | 240,107 | |
Grupo Aeroportuario del Pacifico SAB de CV, Class B(2) | 23,687 | 450,682 | |
Grupo Aeroportuario del Sureste SAB de CV, Class B | 13,330 | 378,191 | |
Grupo Bimbo SAB de CV, Series A(2) | 31,645 | 164,471 | |
Grupo Carso SAB de CV, Series A1 | 28,800 | 229,076 | |
Grupo Elektra SAB de CV(2) | 2,213 | 166,638 | |
Grupo Financiero Banorte SAB de CV, Class O | 57,900 | 549,021 | |
Grupo Financiero Inbursa SAB de CV, Class O(1)(2) | 83,300 | 202,865 | |
Grupo Mexico SAB de CV, Series B | 152,979 | 795,820 | |
Grupo Televisa SAB ADR | 35,500 | 188,505 | |
Industrias Penoles SAB de CV(1)(2) | 9,580 | 137,181 | |
Kimberly-Clark de Mexico SAB de CV, Class A | 82,200 | 193,854 | |
Orbia Advance Corporation, SAB de CV | 49,699 | 112,873 | |
Promotora y Operadora de Infraestructura SAB de CV | 12,415 | 129,140 | |
Ternium S.A. ADR | 3,000 | 133,950 | |
TF Administradora Industrial S de RL de CV | 127,200 | 258,654 | |
Vista Energy SAB de CV ADR(1) | 5,600 | 146,160 | |
Wal-Mart de Mexico SAB de CV, Series V | 100,580 | 418,958 | |
$ 9,440,517 | |||
Morocco — 0.6% | |||
Attijariwafa Bank | 2,768 | $ 127,793 | |
Bank of Africa | 2,963 | 53,922 | |
Banque Centrale Populaire | 2,948 | 78,291 | |
Co Sucrerie Marocaine et de Raffinage | 5,010 | 107,385 | |
Itissalat AI-Maghrib | 23,401 | 260,447 | |
Label Vie | 228 | 109,534 | |
LafargeHolcim Maroc S.A. | 1,240 | 225,291 | |
Societe d'Exploitation des Ports | 4,496 | 125,601 | |
TAQA Morocco S.A. | 695 | 81,310 | |
TotalEnergies Marketing Maroc S.A. | 466 | 58,385 | |
$ 1,227,959 | |||
Nigeria — 1.4% | |||
Access Bank PLC(4) | 9,080,193 | $ 162,972 | |
Dangote Cement PLC(4) | 911,519 | �� 339,521 | |
FBN Holdings PLC(1)(4) | 8,190,197 | 155,826 | |
Flour Mills of Nigeria PLC(4) | 3,215,556 | 96,812 | |
Guaranty Trust Holding Co. PLC(4) | 2,843,125 | 110,215 | |
Lafarge Africa PLC(4) | 3,378,540 | 94,950 | |
MTN Nigeria Communications PLC(4) | 1,163,700 | 322,249 | |
Nestle Nigeria PLC(4) | 141,303 | 158,871 |
Security | Shares | Value | |
Nigeria (continued) | |||
Nigerian Breweries PLC(4) | 3,213,425 | $ 122,655 | |
SEPLAT Petroleum Development Co. PLC(3) | 425,000 | 711,533 | |
Stanbic IBTC Holdings PLC(4) | 1,515,038 | 101,812 | |
Transnational Corp. of Nigeria PLC(4) | 44,100,342 | 164,447 | |
United Bank for Africa PLC(4) | 10,544,352 | 155,988 | |
Zenith Bank PLC(4) | 2,761,959 | 99,049 | |
$ 2,796,900 | |||
Oman — 0.6% | |||
Bank Muscat SAOG | 333,660 | $ 242,645 | |
HSBC Bank Oman SAOG | 181,355 | 77,724 | |
National Bank of Oman SAOG | 149,081 | 111,907 | |
Oman Cement Co. SAOG | 72,148 | 66,502 | |
Oman Flour Mills Co. SAOG | 40,801 | 61,532 | |
Oman Telecommunications Co. SAOG | 83,628 | 216,002 | |
Omani Qatari Telecommunications Co. SAOG | 140,637 | 133,981 | |
Ominvest SAOG | 57,161 | 57,784 | |
Renaissance Services SAOG | 46,857 | 46,230 | |
Sembcorp Salalah Power & Water Co. SAOG | 410,180 | 104,484 | |
Sohar International Bank SAOG | 178,742 | 49,233 | |
$ 1,168,024 | |||
Pakistan — 0.6% | |||
Engro Corp., Ltd. | 42,010 | $ 37,284 | |
Fauji Fertilizer Co., Ltd. | 101,890 | 35,816 | |
Habib Bank, Ltd. | 160,318 | 54,204 | |
Hub Power Co., Ltd. (The) | 237,341 | 70,988 | |
IBEX Holdings, Ltd.(1) | 5,000 | 99,250 | |
Lucky Cement, Ltd.(1) | 20,831 | 42,818 | |
Mari Petroleum Co., Ltd. | 10,863 | 60,806 | |
MCB Bank, Ltd. | 163,295 | 83,981 | |
Millat Tractors, Ltd. | 89,077 | 122,928 | |
Nishat Mills, Ltd. | 110,771 | 26,232 | |
Oil & Gas Development Co., Ltd. | 424,891 | 146,029 | |
Pakistan Oilfields, Ltd. | 56,711 | 87,432 | |
Pakistan Petroleum, Ltd. | 387,571 | 105,436 | |
Pakistan State Oil Co., Ltd. | 144,660 | 69,532 | |
Searle Co., Ltd. (The)(1) | 96,770 | 15,735 | |
Systems, Ltd. | 85,000 | 132,072 | |
United Bank, Ltd. | 77,168 | 40,880 | |
$ 1,231,423 | |||
Panama — 0.2% | |||
Banco Latinoamericano de Comercio Exterior S.A., Class E | 9,300 | $ 216,876 |
Security | Shares | Value | |
Panama (continued) | |||
Copa Holdings S.A., Class A | 2,134 | $ 251,855 | |
$ 468,731 | |||
Peru — 1.2% | |||
Alicorp SAA | 86,497 | $ 170,402 | |
Cia de Minas Buenaventura SAA ADR | 34,350 | 265,182 | |
Credicorp, Ltd. | 4,300 | 675,315 | |
Ferreycorp SAA | 248,279 | 165,336 | |
Southern Copper Corp. | 11,976 | 1,047,181 | |
Volcan Cia Minera SAA, Class B(1) | 849,375 | 100,162 | |
$ 2,423,578 | |||
Philippines — 2.3% | |||
Aboitiz Equity Ventures, Inc. | 108,400 | $ 106,102 | |
Aboitiz Power Corp. | 318,600 | 209,242 | |
ACEN Corp.(1) | 44,685 | 4,248 | |
Ayala Corp. | 14,895 | 166,948 | |
Ayala Land, Inc. | 269,131 | 134,392 | |
Ayala Land, Inc. GDR, PFC Shares(4) | 3,951,800 | 0 | |
Bank of the Philippine Islands | 95,474 | 199,078 | |
BDO Unibank, Inc. | 65,992 | 174,519 | |
Bloomberry Resorts Corp.(1) | 570,800 | 123,256 | |
Converge Information and Communications Technology Solutions, Inc.(1) | 241,400 | 44,419 | |
D&L Industries, Inc. | 493,300 | 64,934 | |
Emperador, Inc. | 380,500 | 145,057 | |
First Gen Corp. | 319,822 | 118,250 | |
Globe Telecom, Inc. | 6,161 | 215,455 | |
GT Capital Holdings, Inc. | 8,000 | 79,422 | |
International Container Terminal Services, Inc. | 62,100 | 245,419 | |
JG Summit Holdings, Inc. | 178,958 | 140,415 | |
Jollibee Foods Corp. | 62,926 | 292,274 | |
Manila Electric Co. | 30,200 | 195,881 | |
Manila Water Co. | 415,800 | 144,631 | |
Megaworld Corp. | 1,361,400 | 50,844 | |
Metropolitan Bank & Trust Co. | 64,332 | 70,325 | |
PLDT, Inc. | 13,440 | 320,717 | |
Puregold Price Club, Inc. | 337,403 | 178,201 | |
San Miguel Corp. | 38,970 | 77,245 | |
Semirara Mining & Power Corp., Class A | 158,920 | 83,504 | |
SM Investments Corp. | 18,871 | 313,557 | |
SM Prime Holdings, Inc. | 671,029 | 408,287 | |
Universal Robina Corp. | �� | 149,955 | 335,347 |
Wilcon Depot, Inc. | 244,700 | 101,837 | |
$ 4,743,806 |
Security | Shares | Value | |
Poland — 2.3% | |||
Allegro.eu S.A.(1)(3) | 33,900 | $ 298,880 | |
Asseco Poland S.A. | 14,276 | 284,413 | |
Bank Polska Kasa Opieki S.A. | 5,843 | 172,531 | |
Budimex S.A. | 3,610 | 371,045 | |
CD Projekt S.A. | 7,200 | 293,752 | |
Cyfrowy Polsat S.A. | 41,244 | 166,198 | |
Eurocash S.A. | 100,652 | 435,067 | |
Grupa Azoty S.A.(1) | 9,267 | 62,334 | |
Grupa Kety S.A.(1) | 575 | 99,465 | |
KGHM Polska Miedz S.A. | 9,958 | 307,967 | |
LPP S.A. | 83 | 285,515 | |
mBank S.A.(1) | 735 | 87,737 | |
Neuca S.A. | 262 | 50,328 | |
Orange Polska S.A. | 75,376 | 138,749 | |
ORLEN S.A. | 46,032 | 820,454 | |
PGE S.A.(1) | 51,434 | 109,399 | |
Powszechna Kasa Oszczednosci Bank Polski S.A. | 24,715 | 250,759 | |
Powszechny Zaklad Ubezpieczen S.A. | 23,135 | 233,963 | |
Santander Bank Polska S.A.(1) | 1,762 | 174,811 | |
Tauron Polska Energia S.A.(1) | 129,348 | 120,246 | |
$ 4,763,613 | |||
Qatar — 1.1% | |||
Aamal Co. QSC | 230,000 | $ 55,674 | |
Al Meera Consumer Goods Co. | 26,954 | 105,888 | |
Barwa Real Estate Co. | 143,634 | 110,794 | |
Commercial Bank PSQC (The) | 49,707 | 85,328 | |
Gulf International Services QSC | 201,811 | 114,749 | |
Industries Qatar QSC | 98,345 | 359,942 | |
Masraf Al Rayan QSC | 147,361 | 101,561 | |
Medicare Group | 45,960 | 79,510 | |
Ooredoo QPSC | 39,870 | 125,138 | |
Qatar Aluminum Manufacturing Co. | 204,257 | 75,784 | |
Qatar Electricity & Water Co. QSC | 44,621 | 222,161 | |
Qatar Gas Transport Co., Ltd. | 228,433 | 264,340 | |
Qatar Islamic Bank SAQ | 27,137 | 157,592 | |
Qatar National Bank QPSC | 68,885 | 321,154 | |
United Development Co. QSC | 156,214 | 52,310 | |
Vodafone Qatar QSC | 215,393 | 114,582 | |
$ 2,346,507 | |||
Romania — 0.6% | |||
Banca Transilvania S.A.(1) | 51,135 | $ 234,684 | |
BRD-Groupe Societe Generale S.A.(1) | 27,477 | 90,001 | |
MED Life S.A.(1) | 28,200 | 120,619 | |
OMV Petrom S.A. | 3,674,697 | 442,178 |
Security | Shares | Value | |
Romania (continued) | |||
Societatea Nationala de Gaze Naturale ROMGAZ S.A. | 22,046 | $ 199,427 | |
Societatea Nationala Nuclearelectrica S.A. | 9,700 | 97,343 | |
$ 1,184,252 | |||
Russia — 0.0%(7) | |||
Aeroflot PJSC(1)(4) | 320,440 | $ 0 | |
Alrosa PJSC(1)(4) | 177,900 | 0 | |
Detsky Mir PJSC(1)(3)(4) | 105,940 | 0 | |
Evraz PLC(1)(4) | 34,831 | 0 | |
Federal Grid Co. Unified Energy System PJSC(1)(4) | 78,095,360 | 0 | |
Globaltrans Investment PLC GDR(1)(4)(6) | 40,040 | 0 | |
Inter RAO UES PJSC(4) | 6,829,770 | 0 | |
Magnit PJSC(4) | 13,121 | 0 | |
Magnitogorsk Iron & Steel Works PJSC(1)(4) | 182,710 | 0 | |
MMC Norilsk Nickel PJSC(1)(4) | 3,387 | 0 | |
MMC Norilsk Nickel PJSC ADR(1)(4)(8) | 3,095 | 0 | |
MMC Norilsk Nickel PJSC ADR(1)(4)(8) | 5 | 0 | |
Mobile TeleSystems PJSC(4) | 89,417 | 0 | |
Moscow Exchange MICEX-RTS PJSC(4) | 47,890 | 0 | |
Novatek PJSC(4) | 23,410 | 0 | |
OGK-2 PJSC(4) | 12,211,000 | 0 | |
PhosAgro PJSC(4) | 2,547 | 0 | |
PhosAgro PJSC GDR(4)(6) | 49 | 0 | |
PhosAgro PJSC GDR(1)(4)(6) | 2 | 0 | |
PIK Group PJSC(1)(4) | 20,850 | 0 | |
Rostelecom PJSC(1)(4) | 107,057 | 0 | |
RusHydro PJSC(4) | 16,550,080 | 0 | |
Sberbank of Russia PJSC(4) | 123,888 | 0 | |
Severstal PAO GDR(1)(4)(6) | 13,622 | 0 | |
Sistema PJSFC(4) | 453,878 | 0 | |
Surgutneftegas PJSC, PFC Shares(4) | 260,300 | 0 | |
Unipro PJSC(1)(4) | 1,521,000 | 0 | |
Yandex NV, Class A(1)(4) | 26,400 | 0 | |
$ 0 | |||
Saudi Arabia — 4.8% | |||
Abdullah Al Othaim Markets Co. | 23,030 | $ 90,711 | |
Advanced Petrochemical Co. | 4,088 | 49,625 | |
Al Hammadi Holding | 8,581 | 134,444 | |
Al Rajhi Bank | 13,800 | 274,310 | |
Alandalus Property Co. | 22,858 | 143,973 | |
Aldrees Petroleum and Transport Services Co. | 4,272 | 136,037 | |
Almarai Co. JSC | 22,097 | 405,787 | |
Arabian Centres Co., Ltd. | 26,197 | 159,821 | |
Arriyadh Development Co. | 9,090 | 48,559 | |
Astra Industrial Group | 3,516 | 83,328 |
Security | Shares | Value | |
Saudi Arabia (continued) | |||
Banque Saudi Fransi | 11,191 | $ 127,042 | |
Dallah Healthcare Co. | 3,734 | 175,565 | |
Dar Al Arkan Real Estate Development Co.(1) | 57,820 | 260,911 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 8,770 | 675,613 | |
Dur Hospitality Co.(1) | 17,800 | 132,467 | |
Elm Co. | 857 | 155,343 | |
Emaar Economic City(1) | 31,068 | 74,556 | |
Etihad Etisalat Co. | 18,320 | 228,757 | |
Fawaz Abdulaziz Al Hokair & Co., Class C(1) | 16,655 | 68,662 | |
Herfy Food Services Co. | 4,801 | 47,547 | |
Jarir Marketing Co. | 70,160 | 289,914 | |
Leejam Sports Co. JSC | 4,692 | 184,596 | |
Maharah Human Resources Co. | 3,708 | 63,124 | |
Mobile Telecommunications Co. Saudi Arabia | 27,145 | 97,108 | |
Mouwasat Medical Services Co. | 6,039 | 403,798 | |
National Gas & Industrialization Co. | 7,147 | 127,575 | |
National Medical Care Co. | 4,000 | 144,831 | |
Riyad Bank | 16,422 | 139,219 | |
SABIC Agri-Nutrients Co. | 3,518 | 135,212 | |
Sahara International Petrochemical Co. | 6,353 | 64,107 | |
Saudi Airlines Catering Co. | 5,473 | 180,901 | |
Saudi Arabian Mining Co.(1) | 12,078 | 143,008 | |
Saudi Arabian Oil Co.(3) | 112,952 | 976,107 | |
Saudi Basic Industries Corp. | 9,127 | 208,592 | |
Saudi British Bank (The) | 11,656 | 118,237 | |
Saudi Ceramic Co. | 8,453 | 68,472 | |
Saudi Chemical Co. Holding | 71,250 | 88,321 | |
Saudi Electricity Co. | 97,768 | 584,876 | |
Saudi Ground Services Co.(1) | 9,867 | 83,146 | |
Saudi Industrial Investment Group | 10,164 | 67,717 | |
Saudi Kayan Petrochemical Co.(1) | 25,009 | 81,707 | |
Saudi National Bank (The) | 29,620 | 304,370 | |
Saudi Pharmaceutical Industries & Medical Appliances Corp.(1) | 9,738 | 102,819 | |
Saudi Public Transport Co.(1) | 16,000 | 75,686 | |
Saudi Telecom Co. | 52,115 | 589,298 | |
Saudia Dairy & Foodstuff Co. | 1,526 | 144,282 | |
Savola Group (The) | 26,583 | 299,638 | |
Seera Group Holding(1) | 22,676 | 173,994 | |
United Electronics Co. | 6,923 | 150,407 | |
United International Transportation Co. | 7,246 | 133,528 | |
Yanbu National Petrochemical Co. | 5,300 | 64,755 | |
$ 9,762,403 | |||
Slovenia — 0.6% | |||
Cinkarna Celje DD(1) | 1,370 | $ 37,328 |
Security | Shares | Value | |
Slovenia (continued) | |||
Krka dd Novo mesto | 6,434 | $ 791,894 | |
Luka Koper | 1,400 | 53,463 | |
Petrol DD Ljubljana | 3,820 | 103,355 | |
Pozavarovalnica Sava DD | 3,525 | 98,149 | |
Telekom Slovenije DD | 659 | 35,931 | |
Zavarovalnica Triglav DD | 2,100 | 79,623 | |
$ 1,199,743 | |||
South Africa — 4.7% | |||
Anglo American Platinum, Ltd. | 1,244 | $ 62,174 | |
AngloGold Ashanti, Ltd. | 9,504 | 210,796 | |
Aspen Pharmacare Holdings, Ltd. | 54,491 | 584,754 | |
AVI, Ltd. | 13,138 | 52,336 | |
Barloworld, Ltd. | 41,807 | 196,004 | |
Bid Corp., Ltd. | 13,100 | 310,060 | |
Bidvest Group, Ltd. (The) | 48,342 | 749,395 | |
Capitec Bank Holdings, Ltd. | 1,232 | 123,585 | |
Clicks Group, Ltd. | 13,500 | 211,718 | |
DataTec, Ltd. | 72,300 | 142,439 | |
Discovery, Ltd.(1) | 12,290 | 108,780 | |
Equites Property Fund, Ltd. | 104,000 | 65,971 | |
Exxaro Resources, Ltd. | 51,110 | 463,532 | |
FirstRand, Ltd. | 77,535 | 315,402 | |
Fortress Real Estate Investments, Ltd., Class A(1) | 175,418 | 126,312 | |
Foschini Group, Ltd. (The)(2) | 12,308 | 74,582 | |
Gold Fields, Ltd. | 15,697 | 243,447 | |
Growthpoint Properties, Ltd. | 255,900 | 181,684 | |
Harmony Gold Mining Co., Ltd. | 18,553 | 80,109 | |
Hyprop Investments, Ltd. | 31,700 | 56,542 | |
Impala Platinum Holdings, Ltd. | 18,462 | 133,352 | |
Kumba Iron Ore, Ltd. | 2,760 | 75,710 | |
Life Healthcare Group Holdings, Ltd. | 258,186 | ���301,633 | |
Mr Price Group, Ltd.(2) | 12,155 | 107,016 | |
MTN Group, Ltd. | 85,400 | 669,169 | |
MultiChoice Group, Ltd. | 20,757 | 102,624 | |
Naspers, Ltd., Class N | 6,607 | 1,298,188 | |
NEPI Rockcastle NV | 38,480 | 231,418 | |
Netcare, Ltd. | 149,337 | 116,924 | |
Pick'n Pay Stores, Ltd.(2) | 14,362 | 30,997 | |
Redefine Properties, Ltd. | 579,291 | 115,050 | |
Resilient REIT, Ltd. | 48,463 | 117,142 | |
Reunert, Ltd. | 55,746 | 187,703 | |
Sanlam, Ltd. | 28,912 | 106,609 | |
Sasol, Ltd. | 10,993 | 153,485 | |
Shoprite Holdings, Ltd. | 21,115 | 304,996 | |
Sibanye Stillwater, Ltd. | 48,312 | 91,813 |
Security | Shares | Value | |
South Africa (continued) | |||
SPAR Group, Ltd. (The) | 14,831 | $ 89,475 | |
Standard Bank Group, Ltd. | 16,101 | 171,810 | |
Telkom S.A. SOC, Ltd.(1)(2) | 33,018 | 54,362 | |
Thungela Resources, Ltd. | 2,700 | 20,234 | |
Tiger Brands, Ltd.(2) | 10,940 | 97,785 | |
Vodacom Group, Ltd. | 50,500 | 333,453 | |
Wilson Bayly Holmes-Ovcon, Ltd.(1) | 19,623 | 118,919 | |
Woolworths Holdings, Ltd. | 46,024 | 205,543 | |
Zeda, Ltd.(1) | 41,807 | 25,788 | |
$ 9,620,820 | |||
South Korea — 4.6% | |||
Alteogen, Inc.(1) | 1,857 | $ 65,010 | |
AMOREPACIFIC Corp. | 852 | 75,254 | |
AMOREPACIFIC Group | 2,180 | 46,786 | |
Bukwang Pharmaceutical Co., Ltd.(1) | 7,850 | 41,108 | |
Celltrion Healthcare Co., Ltd. | 4,290 | 221,629 | |
Celltrion Pharm, Inc.(1) | 1,350 | 93,998 | |
Celltrion, Inc. | 2,993 | 344,337 | |
CJ CheilJedang Corp. | 423 | 92,857 | |
CJ Logistics Corp. | 566 | 31,977 | |
Coway Co., Ltd. | 2,548 | 81,883 | |
Daewoo Industrial Development Co., Ltd.(1) | 3,657 | 3,213 | |
DL E&C Co., Ltd. | 1,924 | 46,196 | |
E-MART, Inc. | 1,232 | 73,128 | |
GS Engineering & Construction Corp. | 3,086 | 35,403 | |
GS Holdings Corp. | 1,569 | 46,363 | |
Hankook Tire and Technology Co., Ltd. | 3,779 | 114,622 | |
Hanmi Pharm Co., Ltd. | 346 | 72,345 | |
Hanwha Solutions Corp.(1) | 3,687 | 109,427 | |
HD Hyundai Co., Ltd. | 2,610 | 126,040 | |
HD Korea Shipbuilding & Offshore Engineering Co., Ltd.(1) | 993 | 96,120 | |
Hugel, Inc.(1) | 653 | 55,247 | |
Hyundai Department Store Co., Ltd. | 1,615 | 70,193 | |
Hyundai Engineering & Construction Co., Ltd. | 2,645 | 77,629 | |
Hyundai Glovis Co., Ltd. | 758 | 103,647 | |
Hyundai Mobis Co., Ltd. | 792 | 144,711 | |
Hyundai Motor Co. | 2,300 | 353,633 | |
Hyundai Steel Co. | 3,449 | 97,776 | |
Kakao Corp. | 5,676 | 228,498 | |
Kangwon Land, Inc. | 5,706 | 69,839 | |
KB Financial Group, Inc. | 3,231 | 129,406 | |
Kia Corp. | 3,041 | 197,359 | |
Korea Electric Power Corp.(1) | 4,640 | 69,914 | |
Korea Zinc Co., Ltd. | 283 | 109,629 | |
KT&G Corp. | 3,552 | 229,842 |
Security | Shares | Value | |
South Korea (continued) | |||
Kumho Petrochemical Co., Ltd. | 743 | $ 69,967 | |
LG Chem, Ltd. | 652 | 331,676 | |
LG Corp. | 1,914 | 125,299 | |
LG Electronics, Inc. | 909 | 77,375 | |
LG H&H Co., Ltd. | 241 | 80,861 | |
LG Uplus Corp. | 7,151 | 56,128 | |
Medytox, Inc. | 1,051 | 179,153 | |
Mezzion Pharma Co., Ltd.(1) | 3,897 | 125,571 | |
Naver Corp. | 1,991 | 354,731 | |
NCSoft Corp. | 372 | 80,704 | |
Orion Corp. of Republic of Korea | 1,268 | 112,859 | |
POSCO Holdings, Inc. | 619 | 311,903 | |
S1 Corp. | 1,533 | 61,523 | |
Samsung Biologics Co., Ltd.(1)(3) | 629 | 377,694 | |
Samsung C&T Corp. | 1,554 | 125,906 | |
Samsung Electro-Mechanics Co., Ltd. | 1,243 | 141,800 | |
Samsung Electronics Co., Ltd. | 29,605 | 1,620,952 | |
Samsung SDI Co., Ltd. | 523 | 273,008 | |
Samsung SDS Co., Ltd. | 570 | 57,384 | |
Shinhan Financial Group Co., Ltd. | 4,669 | 128,506 | |
SK Hynix, Inc. | 3,240 | 313,778 | |
SK Innovation Co., Ltd.(1) | 1,810 | 307,011 | |
SK, Inc. | 913 | 109,436 | |
S-Oil Corp. | 2,051 | 120,566 | |
Yuhan Corp. | 2,232 | ��� 127,706 | |
Zyle Motors Corp.(1)(4) | 5,113 | 0 | |
$ 9,426,516 | |||
Sri Lanka — 0.6% | |||
Aitken Spence PLC | 109,000 | $ 50,825 | |
Ceylon Tobacco Co. PLC | 38,480 | 111,813 | |
Chevron Lubricants Lanka PLC | 343,215 | 99,432 | |
Commercial Bank of Ceylon PLC | 382,531 | 111,406 | |
Dialog Axiata PLC(1) | 1,107,719 | 37,943 | |
Expolanka Holdings PLC | 185,620 | 86,987 | |
Hatton National Bank PLC | 121,130 | 72,462 | |
John Keells Holdings PLC | 495,487 | 260,034 | |
Lanka IOC PLC | 271,858 | 110,217 | |
Melstacorp PLC | 696,058 | 169,733 | |
Sampath Bank PLC | 293,638 | 68,580 | |
Teejay Lanka PLC | 460,029 | 50,083 | |
$ 1,229,515 | |||
Taiwan — 7.1% | |||
Accton Technology Corp. | 10,000 | $ 122,004 | |
Acer, Inc. | 119,519 | 133,472 |
Security | Shares | Value | |
Taiwan (continued) | |||
Advantech Co., Ltd. | 9,565 | $ 119,445 | |
AirTAC International Group | 4,178 | 124,266 | |
ASE Technology Holding Co., Ltd. | 23,561 | 86,235 | |
Asia Cement Corp. | 51,000 | 65,430 | |
Asustek Computer, Inc. | 7,325 | 85,075 | |
AUO Corp.(1) | 150,269 | 99,130 | |
Catcher Technology Co., Ltd. | 12,183 | 67,369 | |
Cathay Financial Holding Co., Ltd.(1) | 71,295 | 103,918 | |
Center Laboratories, Inc. | 121,081 | 229,639 | |
Chailease Holding Co., Ltd.(1) | 12,600 | 83,430 | |
Cheng Shin Rubber Industry Co., Ltd. | 110,672 | 135,654 | |
China Airlines, Ltd. | 124,000 | 98,607 | |
China Motor Corp. | 40,926 | 115,270 | |
China Steel Corp. | 223,734 | 199,049 | |
Chong Hong Construction Co. | 34,000 | 86,021 | |
Chunghwa Telecom Co., Ltd. | 184,746 | 681,520 | |
CTBC Financial Holding Co., Ltd.(1) | 134,275 | 112,330 | |
Delta Electronics, Inc. | 20,151 | 235,237 | |
Eclat Textile Co., Ltd. | 7,159 | 123,847 | |
EVA Airways Corp. | 81,861 | 95,986 | |
Evergreen International Storage & Transport Corp. | 93,000 | 84,089 | |
Evergreen Marine Corp. | 34,576 | 114,662 | |
Far Eastern Department Stores, Ltd. | 70,990 | 49,394 | |
Far Eastern New Century Corp. | 139,695 | 132,120 | |
Far EasTone Telecommunications Co., Ltd. | 73,084 | 165,014 | |
Feng Hsin Steel Co., Ltd. | 32,260 | 70,906 | |
Feng TAY Enterprise Co., Ltd.(1) | 18,000 | 121,745 | |
Formosa Chemicals & Fibre Corp. | 108,014 | 224,857 | |
Formosa Petrochemical Corp. | 79,320 | 202,442 | |
Formosa Plastics Corp. | 85,183 | 225,538 | |
Formosa Taffeta Co., Ltd. | 98,149 | 80,472 | |
Fubon Financial Holding Co., Ltd. | 61,657 | 128,691 | |
Giant Manufacturing Co., Ltd. | 18,868 | 139,963 | |
Great Wall Enterprise Co., Ltd. | 97,455 | 185,766 | |
Highwealth Construction Corp. | 57,208 | 77,079 | |
Hiwin Technologies Corp. | 17,069 | 114,897 | |
Hon Hai Precision Industry Co., Ltd. | 75,443 | 261,058 | |
Hotai Motor Co., Ltd.(1) | 12,000 | 289,743 | |
Huaku Development Co., Ltd. | 28,000 | 80,724 | |
Innolux Corp.(1) | 219,010 | 116,300 | |
International Games System Co., Ltd., Class C | 8,000 | 156,205 | |
Inventec Corp. | 89,966 | 183,008 | |
Largan Precision Co., Ltd. | 795 | 55,142 | |
Lien Hwa Industrial Holdings Corp. | 82,015 | 167,033 | |
Lite-On Technology Corp. ADR | 34,000 | 163,482 | |
Makalot Industrial Co., Ltd. | 13,000 | 129,154 |
Security | Shares | Value | |
Taiwan (continued) | |||
MediaTek, Inc. | 10,462 | $ 230,215 | |
Medigen Vaccine Biologics Corp.(1) | 20,759 | 37,658 | |
Mega Financial Holding Co., Ltd. | 114,085 | 146,292 | |
Merida Industry Co., Ltd. | 17,657 | 121,989 | |
momo.com, Inc. | 3,600 | 68,757 | |
Nan Kang Rubber Tire Co., Ltd.(1) | 95,253 | 115,133 | |
Nan Ya Plastics Corp. | 125,214 | 279,029 | |
Nien Made Enterprise Co., Ltd. | 11,000 | 114,025 | |
Novatek Microelectronics Corp. | 9,000 | 121,712 | |
Oneness Biotech Co., Ltd. | 21,617 | 133,748 | |
Pegatron Corp. | 23,028 | 56,076 | |
Polaris Group(1) | 27,979 | 76,610 | |
Pou Chen Corp. | 151,819 | 151,071 | |
President Chain Store Corp. | 32,664 | 290,191 | |
Quanta Computer, Inc. | 42,508 | 323,395 | |
Realtek Semiconductor Corp. | 6,002 | 82,432 | |
Ruentex Development Co., Ltd. | 81,259 | 92,206 | |
Ruentex Industries, Ltd. | 46,302 | 91,461 | |
St. Shine Optical Co., Ltd. | 22,000 | 151,477 | |
TA Chen Stainless Pipe Co. | 67,872 | �� 85,405 | |
Tainan Spinning Co., Ltd. | 147,822 | 73,213 | |
Taiwan Cement Corp. | 172,073 | 204,459 | |
Taiwan Fertilizer Co., Ltd. | 37,000 | 75,630 | |
Taiwan High Speed Rail Corp. | 104,000 | 99,881 | |
Taiwan Mobile Co., Ltd. | 102,296 | 307,382 | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 101,369 | 1,830,481 | |
Tatung Co., Ltd. (1) | 86,000 | 135,701 | |
Teco Electric & Machinery Co., Ltd. | 120,000 | 205,742 | |
Tong Yang Industry Co., Ltd. | 105,608 | 204,300 | |
TTY Biopharm Co., Ltd. | 94,096 | 229,238 | |
Tung Ho Steel Enterprise Corp. | 32,200 | 57,333 | |
Unimicron Technology Corp. | 21,000 | 123,980 | |
Uni-President Enterprises Corp. | 211,831 | 508,197 | |
United Microelectronics Corp. | 102,090 | 153,410 | |
Voltronic Power Technology Corp. | 4,000 | 223,202 | |
Walsin Lihwa Corp. | 74,000 | 94,463 | |
Wei Chuan Foods Corp. | 179,000 | 112,957 | |
Yageo Corp. | 3,163 | 46,371 | |
Yang Ming Marine Transport Corp. | 68,621 | 101,793 | |
Yieh Phui Enterprise Co., Ltd. | 90,348 | 43,078 | |
$ 14,522,111 | |||
Thailand — 4.7% | |||
Advanced Info Service PCL(9) | 63,400 | $ 418,894 | |
Airports of Thailand PCL(1)(9) | 181,200 | 378,588 | |
Asset World Corp. PCL(9) | 613,200 | 80,354 |
Security | Shares | Value | |
Thailand (continued) | |||
Bangkok Bank PCL(9) | 17,300 | $ 86,731 | |
Bangkok Chain Hospital PCL(9) | 316,800 | 164,775 | |
Bangkok Dusit Medical Services PCL, Class F(9) | 746,100 | 627,678 | |
Bangkok Expressway & Metro PCL(9) | 281,500 | 74,921 | |
Bangkok Land PCL(9) | 2,263,800 | 53,587 | |
Banpu PCL(9) | 131,633 | 37,522 | |
BTS Group Holdings PCL(9) | 331,100 | 78,402 | |
Bumrungrad Hospital PCL(9) | 65,400 | 413,113 | |
Carabao Group PCL(9) | 27,500 | 58,543 | |
Central Pattana PCL(9) | 81,600 | 162,283 | |
Central Retail Corp. PCL(9) | 154,166 | 185,896 | |
Charoen Pokphand Foods PCL(9) | 188,700 | 111,982 | |
Chularat Hospital PCL(9) | 1,881,100 | 159,473 | |
CP ALL PCL(9) | 160,100 | 297,179 | |
CPN Retail Growth Leasehold REIT | 146,500 | 47,080 | |
Delta Electronics (Thailand) PCL(9) | 629,400 | 2,081,065 | |
Electricity Generating PCL(9) | 12,700 | 49,534 | |
Energy Absolute PCL(9) | 70,400 | 127,716 | |
Global Power Synergy PCL(9) | 43,300 | 73,097 | |
Gulf Energy Development PCL(9) | 156,000 | 226,967 | |
Hana Microelectronics PCL(9) | 140,900 | 209,308 | |
Home Product Center PCL(9) | 409,255 | 169,909 | |
Indorama Ventures PCL(9) | 172,600 | 172,864 | |
Jasmine International PCL(1)(9) | 634,000 | 28,344 | |
Jaymart Group Holdings PCL(9) | 164,100 | 81,575 | |
Kasikornbank PCL(9) | 32,000 | 117,947 | |
KCE Electronics PCL(9) | 152,800 | 193,413 | |
Land & Houses PCL(9) | 489,100 | 121,487 | |
Mega Lifesciences PCL(9) | 111,800 | 126,608 | |
Minor International PCL(9) | 159,544 | 153,938 | |
PTG Energy PCL(9) | 277,800 | 87,747 | |
PTT Exploration & Production PCL(9) | 59,798 | 279,242 | |
PTT Global Chemical PCL(9) | 131,900 | 152,453 | |
PTT PCL(9) | 385,300 | 394,254 | |
Samart Corp. PCL(1)(9) | 297,700 | 55,235 | |
SCB X PCL(9) | 45,300 | 149,014 | |
Siam Cement PCL(9) | 20,500 | 194,793 | |
Siam City Cement PCL(9) | 23,983 | 95,996 | |
Siam Global House PCL(9) | 112,420 | 54,261 | |
Sino-Thai Engineering & Construction PCL(9) | 251,357 | 80,089 | |
Sri Trang Agro-Industry PCL(9) | 89,600 | 42,699 | |
Thai Beverage PCL | 217,300 | 98,855 | |
Thai Oil PCL(9) | 63,600 | 95,425 | |
True Corp. PCL(9) | 1,343,814 | 284,882 |
Security | Shares | Value | |
Thailand (continued) | |||
VGI PCL(9) | 729,400 | $ 62,256 | |
WHA Corp. PCL(9) | 1,020,100 | 147,927 | |
$ 9,645,901 | |||
Tunisia — 0.6% | |||
Banque de Tunisie | 53,193 | $ 92,889 | |
Banque Internationale Arabe de Tunisie | 8,258 | 255,923 | |
Banque Nationale Agricole | 24,362 | 61,668 | |
Carthage Cement(1) | 402,032 | 281,758 | |
Euro Cycles S.A. | 8,418 | 43,759 | |
Poulina Group | 84,019 | 203,409 | |
Societe d'Articles Hygieniques S.A. | 32,871 | 95,692 | |
Societe Frigorifique et Brasserie de Tunis S.A. | 52,752 | 243,226 | |
Telnet Holding | 21,212 | 47,457 | |
$ 1,325,781 | |||
Turkey — 5.1% | |||
AG Anadolu Grubu Holding AS | 15,600 | $ 80,019 | |
Akbank T.A.S. | 204,896 | 212,627 | |
Aksa Akrilik Kimya Sanayii AS | 33,302 | 107,116 | |
Aksa Enerji Uretim AS, Class B | 121,924 | 179,007 | |
Anadolu Efes Biracilik ve Malt Sanayii AS | 32,680 | 109,221 | |
Arcelik AS | 40,551 | 232,406 | |
Aselsan Elektronik Sanayi Ve Ticaret AS | 44,156 | 122,254 | |
Aygaz AS | 40,310 | 177,641 | |
Bera Holding AS(1) | 62,496 | 34,534 | |
BIM Birlesik Magazalar AS | 79,832 | 641,068 | |
Can2 Termik A/S(1) | 117,000 | 93,506 | |
Coca-Cola Icecek AS | 10,500 | 122,738 | |
Dogan Sirketler Grubu Holding AS | 327,300 | 161,489 | |
EGE Endustri VE Ticaret AS | 380 | 90,705 | |
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 1,144,230 | 369,307 | |
Enerjisa Enerji AS(3) | 130,603 | 246,134 | |
Enka Insaat ve Sanayi AS | 114,918 | 143,378 | |
Eregli Demir ve Celik Fabrikalari TAS(1) | 124,114 | 191,994 | |
Fenerbahce Futbol AS(1) | 17,500 | 49,258 | |
Ford Otomotiv Sanayi AS | 13,141 | 463,153 | |
Gubre Fabrikalari TAS(1) | 7,200 | 83,218 | |
Haci Omer Sabanci Holding AS | 87,227 | 186,571 | |
Hektas Ticaret TAS(1) | 116,874 | 132,408 | |
Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim AS(1) | 42,459 | 77,837 | |
Is Gayrimenkul Yatirim Ortakligi AS(1) | 419,310 | 253,888 | |
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D | 97,127 | 91,276 | |
KOC Holding AS | 64,994 | 325,796 | |
Koza Altin Isletmeleri AS | 105,052 | 109,185 |
Security | Shares | Value | |
Turkey (continued) | |||
Logo Yazilim Sanayi Ve Ticaret AS | 49,980 | $ 168,317 | |
Mavi Giyim Sanayi Ve Ticaret AS, Class B(3) | 32,260 | 104,501 | |
Migros Ticaret AS | 15,579 | 170,648 | |
MLP Saglik Hizmetleri AS(1)(3) | 59,519 | 213,491 | |
ODAS Elektrik Uretim ve Sanayi Ticaret AS(1) | 680,137 | 301,410 | |
Penta Teknoloji Urunleri Dagitim Ticaret AS(1) | 44,538 | 39,915 | |
Petkim Petrokimya Holding AS(1) | 175,096 | 116,834 | |
Sasa Polyester Sanayi AS(1) | 98,600 | 222,158 | |
Selcuk Ecza Deposu Ticaret ve Sanayi AS | 85,509 | 140,328 | |
Sinpas Gayrimenkul Yatirim Ortakligi AS(1) | 511,180 | 62,630 | |
Sok Marketler Ticaret AS(1) | 51,800 | 87,489 | |
Tofas Turk Otomobil Fabrikasi AS | 26,138 | 292,989 | |
Turk Hava Yollari AO(1) | 33,174 | 288,490 | |
Turk Telekomunikasyon AS(1) | 174,514 | 137,987 | |
Turkcell Iletisim Hizmetleri AS(1) | 602,289 | 1,155,444 | |
Turkiye Is Bankasi AS, Class C | 205,978 | 115,636 | |
Turkiye Petrol Rafinerileri AS | 374,103 | 1,435,951 | |
Turkiye Sise ve Cam Fabrikalari AS | 78,410 | 155,456 | |
Ulker Biskuvi Sanayi AS(1) | 45,810 | 66,457 | |
Yapi ve Kredi Bankasi AS | 133,100 | 70,348 | |
$ 10,434,213 | |||
United Arab Emirates — 2.3% | |||
Abu Dhabi Commercial Bank PJSC | 88,644 | $ 211,941 | |
Abu Dhabi National Oil Co. for Distribution PJSC | 433,000 | 459,666 | |
ADNOC Drilling Co. PJSC | 407,000 | 436,483 | |
Agthia Group PJSC | 54,046 | 77,978 | |
Air Arabia PJSC | 212,497 | 155,659 | |
Aldar Properties PJSC | 186,973 | 263,127 | |
Apex Investment Co. PSC(1) | 127,200 | 72,705 | |
Borouge PLC | 162,000 | 120,453 | |
Dana Gas PJSC | 421,411 | 112,346 | |
Dubai Electricity & Water Authority PJSC | 861,560 | 628,620 | |
Dubai Investments PJSC | 212,181 | 140,435 | |
Dubai Islamic Bank PJSC | 109,508 | 171,495 | |
Emaar Development PJSC | 104,800 | 180,888 | |
Emaar Properties PJSC | 164,638 | 302,942 | |
Emirates Telecommunications Group Co. PJSC | 103,870 | 633,391 | |
Fertiglobe PLC | 170,700 | 166,333 | |
First Abu Dhabi Bank PJSC | 66,119 | 263,512 | |
Multiply Group PJSC(1) | 159,900 | 140,601 | |
Network International Holdings PLC(1)(3) | 31,200 | 154,801 | |
Q Holding PJSC(1) | 107,300 | 72,774 | |
$ 4,766,150 |
Security | Shares | Value | |
Vietnam — 2.4% | |||
Bank for Foreign Trade of Vietnam JSC(1) | 144,967 | $ 561,111 | |
Bao Viet Holdings | 28,030 | 57,011 | |
FLC Faros Construction JSC(1)(4) | 2 | 0 | |
Gelex Group JSC(1) | 158,500 | 151,399 | |
Gemadept Corp. | 41,900 | 103,903 | |
Hoa Phat Group JSC(1) | 706,587 | 842,232 | |
Hoa Sen Group(1) | 110,622 | 90,088 | |
KIDO Group Corp. | 31,200 | 85,605 | |
Kinh Bac City Development Holding Corp.(1) | 38,613 | 53,920 | |
Masan Group Corp.(1) | 103,896 | 383,213 | |
Novaland Investment Group Corp.(1) | 94,187 | 74,938 | |
PetroVietnam Drilling & Well Services JSC(1) | 109,672 | 121,664 | |
PetroVietnam Fertilizer & Chemical JSC | 64,000 | 106,830 | |
PetroVietnam Gas JSC(1) | 29,940 | 128,495 | |
PetroVietnam Power Corp.(1) | 169,700 | 98,277 | |
PetroVietnam Technical Services Corp. | 27,400 | 39,831 | |
Phat Dat Real Estate Development Corp.(1) | 29,304 | 26,833 | |
Phu Nhuan Jewelry JSC | 4 | 14 | |
Saigon Beer Alcohol Beverage Corp. | 14,610 | 96,779 | |
Thaiholdings JSC(1) | 44,200 | 74,635 | |
Vietjet Aviation JSC(1) | 109,066 | 469,690 | |
Vietnam Construction and Import-Export JSC(1) | 75,020 | 81,719 | |
Vietnam Dairy Products JSC | 92,092 | 303,445 | |
Vincom Retail JSC(1) | 132,380 | 165,858 | |
Vingroup JSC(1) | 156,347 | 363,965 | |
Vinh Hoan Corp. | 23,400 | 74,576 | |
Vinhomes JSC(1)(3) | 101,620 | 270,585 | |
$ 4,826,616 | |||
Total Common Stocks (identified cost $155,207,373) | $203,453,186 |
Short-Term Investments — 0.4% |
Affiliated Fund — 0.0%(5) |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.19%(10) | 5,067 | $ 5,067 | |
Total Affiliated Fund (identified cost $5,067) | $ 5,067 |
Securities Lending Collateral — 0.4% |
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(11) | 837,938 | $ 837,938 | |
Total Securities Lending Collateral (identified cost $837,938) | $ 837,938 | ||
Total Short-Term Investments (identified cost $843,005) | $ 843,005 |
Total Investments — 99.8% (identified cost $156,050,378) | $204,296,191 | ||
Other Assets, Less Liabilities — 0.2% | $ 479,644 | ||
Net Assets — 100.0% | $204,775,835 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at July 31, 2023. The aggregate market value of securities on loan at July 31, 2023 was $3,404,660. |
(3) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At July 31, 2023, the aggregate value of these securities is $6,269,522 or 3.1% of the Fund's net assets. |
(4) | For fair value measurement disclosure purposes, security is categorized as Level 3 (see Note 11). |
(5) | Amount is less than 0.05%. |
(6) | Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended. At July 31, 2023, the aggregate value of these securities is $231,929 or 0.1% of the Fund's net assets. |
(7) | Trading of securities has been sanctioned. |
(8) | Securities are traded on separate exchanges for the same entity. |
(9) | Indicates a foreign registered security. Shares issued to foreign investors in markets that have foreign ownership limits. |
(10) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of July 31, 2023. |
(11) | Represents investment of cash collateral received in connection with securities lending. |
Sector Classification of Portfolio | ||
Sector | Percentage of Net Assets | Value |
Financials | 11.8% | $24,138,838 |
Industrials | 10.9 | 22,275,002 |
Consumer Staples | 10.2 | 20,848,396 |
Materials | 9.7 | 19,955,892 |
Consumer Discretionary | 9.6 | 19,727,052 |
Communication Services | 9.2 | 18,741,040 |
Energy | 9.1 | 18,632,295 |
Health Care | 8.9 | 18,229,082 |
Information Technology | 8.8 | 18,081,754 |
Utilities | 5.8 | 11,801,061 |
Real Estate | 5.4 | 11,022,774 |
Short-Term Investments | 0.4 | 843,005 |
Total Investments | 99.8% | $204,296,191 |
Abbreviations: | |
ADR | – American Depositary Receipt |
GDR | – Global Depositary Receipt |
PCL | – Public Company Limited |
PFC Shares | – Preference Shares |
July 31, 2023 | |
Assets | |
Unaffiliated investments, at value (identified cost $156,045,311) — including $3,404,660 of securities on loan | $ 204,291,124 |
Affiliated investments, at value (identified cost $5,067) | 5,067 |
Cash | 172,219 |
Foreign currency, at value (identified cost $1,280,859) | 1,282,570 |
Dividends receivable | 1,032,033 |
Dividends receivable from affiliated investments | 740 |
Receivable for investments sold | 4,048,489 |
Receivable for Fund shares sold | 321,577 |
Securities lending income receivable | 3,472 |
Tax reclaims receivable | 97,901 |
Receivable from affiliates | 20,112 |
Total assets | $ 211,275,304 |
Liabilities | |
Demand note payable | $ 3,710,000 |
Collateral for securities loaned | 837,938 |
Payable for Fund shares redeemed | 534,987 |
Payable to affiliates: | |
Investment adviser fee | 146,846 |
Administration fee | 25,918 |
Distribution and service fees | 5,354 |
Accrued foreign capital gains taxes | 734,179 |
Accrued expenses | 504,247 |
Total liabilities | $ 6,499,469 |
Net Assets | $ 204,775,835 |
Sources of Net Assets | |
Paid-in capital | $ 431,644,209 |
Accumulated loss | (226,868,374) |
Net Assets | $ 204,775,835 |
Class A Shares | |
Net Assets | $ 25,063,510 |
Shares Outstanding | 1,754,924 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.28 |
Maximum Offering Price Per Share (100 ÷ 94.75 of net asset value per share) | $ 15.07 |
Class C Shares | |
Net Assets | $ 217,493 |
Shares Outstanding | 15,487 |
Net Asset Value and Offering Price Per Share* (net assets ÷ shares of beneficial interest outstanding) | $ 14.04 |
Class I Shares | |
Net Assets | $ 176,242,647 |
Shares Outstanding | 12,334,668 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.29 |
July 31, 2023 | |
Class R6 Shares | |
Net Assets | $3,252,185 |
Shares Outstanding | 227,684 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 14.28 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. | |
* | Redemption price per share is equal to the net asset value less any applicable contingent deferred sales charge. |
Six Months Ended | |
July 31, 2023 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $637,248) | $ 5,139,457 |
Dividend income from affiliated investments | 9,039 |
Securities lending income, net | 19,058 |
Total investment income | $ 5,167,554 |
Expenses | |
Investment adviser fee | $ 842,238 |
Administration fee | 148,630 |
Distribution and service fees: | |
Class A | 29,826 |
Class C | 1,039 |
Trustees’ fees and expenses | 6,570 |
Custodian fee | 198,190 |
Transfer and dividend disbursing agent fees | 89,289 |
Legal and accounting services | 105,934 |
Printing and postage | 8,918 |
Registration fees | 29,800 |
Miscellaneous | 6,479 |
Total expenses | $ 1,466,913 |
Deduct: | |
Waiver and/or reimbursement of expenses by affiliates | $ 20,405 |
Total expense reductions | $ 20,405 |
Net expenses | $ 1,446,508 |
Net investment income | $ 3,721,046 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment transactions (net of foreign capital gains taxes of $1) | $ 905,595 |
Foreign currency transactions | (284,366) |
Net realized gain | $ 621,229 |
Change in unrealized appreciation (depreciation): | |
Investments (including net increase in accrued foreign capital gains taxes of $65,450) | $ 6,004,650 |
Foreign currency | 255,533 |
Net change in unrealized appreciation (depreciation) | $ 6,260,183 |
Net realized and unrealized gain | $ 6,881,412 |
Net increase in net assets from operations | $10,602,458 |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 3,721,046 | $ 6,502,212 |
Net realized gain | 621,229 | 14,859,953 |
Net change in unrealized appreciation (depreciation) | 6,260,183 | (44,314,695) |
Net increase (decrease) in net assets from operations | $ 10,602,458 | $ (22,952,530) |
Distributions to shareholders: | ||
Class A | $ — | $ (1,044,209) |
Class C | — | (7,142) |
Class I | — | (8,024,330) |
Class R6 | — | (72,284) |
Total distributions to shareholders | $ — | $ (9,147,965) |
Transactions in shares of beneficial interest: | ||
Class A | $ (1,525,945) | $ (4,659,298) |
Class C | (11,381) | (86,337) |
Class I | (13,552,403) | (56,863,657) |
Class R6 | 1,392,662 | 59,535 |
Net decrease in net assets from Fund share transactions | $ (13,697,067) | $ (61,549,757) |
Net decrease in net assets | $ (3,094,609) | $ (93,650,252) |
Net Assets | ||
At beginning of period | $ 207,870,444 | $ 301,520,696 |
At end of period | $204,775,835 | $207,870,444 |
Class A | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.560 | $ 15.110 | $ 14.710 | $ 13.870 | $ 14.280 | $ 16.850 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.234 | $ 0.337 | $ 0.252 | $ 0.213 | $ 0.326 | $ 0.283 |
Net realized and unrealized gain (loss) | 0.486 | (1.322) | 0.395 | 0.786 (2) | (0.376) | (2.570) |
Total income (loss) from operations | $ 0.720 | $ (0.985) | $ 0.647 | $ 0.999 | $ (0.050) | $ (2.287) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.565) | $ (0.247) | $ (0.159) | $ (0.360) | $ (0.283) |
Total distributions | $ — | $ (0.565) | $ (0.247) | $ (0.159) | $ (0.360) | $ (0.283) |
Net asset value — End of period | $14.280 | $13.560 | $15.110 | $14.710 | $ 13.870 | $ 14.280 |
Total Return(3) | 5.31% (4)(5) | (6.32)% | 4.41% | 7.23% | (0.46)% | (13.43)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000's omitted) | $ 25,064 | $ 25,360 | $ 33,428 | $ 45,629 | $136,829 | $172,773 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses | 1.68% (5)(6)(7) | 1.65% (7) | 1.58% | 1.55% | 1.45% | 1.44% |
Net investment income | 3.52% (6) | 2.50% | 1.63% | 1.74% | 2.30% | 1.89% |
Portfolio Turnover | 2% (4) | 10% | 5% | 19% | 2% | 2% |
(1) | Computed using average shares outstanding. |
(2) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of Fund share transactions and the amount of the per share realized and unrealized gains and losses at such time. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if applicable. |
(4) | Not annualized. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.02% of average daily net assets for the six months ended July 31, 2023). Absent this reimbursement, total return would be lower. |
(6) | Annualized. |
(7) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
Class C | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.390 | $ 14.900 | $ 14.470 | $ 13.620 | $ 14.010 | $ 16.530 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.181 | $ 0.233 | $ 0.130 | $ 0.116 | $ 0.220 | $ 0.146 |
Net realized and unrealized gain (loss) | 0.469 | (1.299) | 0.400 | 0.755 (2) | (0.379) | (2.484) |
Total income (loss) from operations | $ 0.650 | $ (1.066) | $ 0.530 | $ 0.871 | $ (0.159) | $ (2.338) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.444) | $ (0.100) | $ (0.021) | $ (0.231) | $ (0.182) |
Total distributions | $ — | $ (0.444) | $ (0.100) | $ (0.021) | $ (0.231) | $ (0.182) |
Net asset value — End of period | $14.040 | $13.390 | $14.900 | $14.470 | $13.620 | $14.010 |
Total Return(3) | 4.85% (4)(5) | (6.93)% | 3.59% | 6.42% | (1.21)% | (14.10)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $ 217 | $ 219 | $ 339 | $ 592 | $ 4,094 | $ 5,885 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses | 2.43% (5)(6)(7) | 2.40% (7) | 2.33% | 2.30% | 2.20% | 2.19% |
Net investment income | 2.77% (6) | 1.75% | 0.85% | 0.96% | 1.59% | 1.01% |
Portfolio Turnover | 2% (4) | 10% | 5% | 19% | 2% | 2% |
(1) | Computed using average shares outstanding. |
(2) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of Fund share transactions and the amount of the per share realized and unrealized gains and losses at such time. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges. |
(4) | Not annualized. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.02% of average daily net assets for the six months ended July 31, 2023). Absent this reimbursement, total return would be lower. |
(6) | Annualized. |
(7) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
Class I | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.550 | $ 15.100 | $ 14.710 | $ 13.900 | $ 14.310 | $ 16.910 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.251 | $ 0.377 | $ 0.297 | $ 0.210 | $ 0.367 | $ 0.304 |
Net realized and unrealized gain (loss) | 0.489 | (1.325) | 0.384 | 0.827 (2) | (0.378) | (2.565) |
Total income (loss) from operations | $ 0.740 | $ (0.948) | $ 0.681 | $ 1.037 | $ (0.011) | $ (2.261) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.602) | $ (0.291) | $ (0.227) | $ (0.399) | $ (0.339) |
Total distributions | $ — | $ (0.602) | $ (0.291) | $ (0.227) | $ (0.399) | $ (0.339) |
Net asset value — End of period | $ 14.290 | $ 13.550 | $ 15.100 | $ 14.710 | $ 13.900 | $ 14.310 |
Total Return(3) | 5.46% (4)(5) | (6.07)% | 4.64% | 7.50% | (0.20)% | (13.20)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $176,243 | $180,624 | $265,967 | $383,984 | $868,666 | $1,268,618 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses | 1.43% (5)(6)(7) | 1.40% (7) | 1.33% | 1.30% | 1.20% | 1.19% |
Net investment income | 3.78% (6) | 2.79% | 1.91% | 1.68% | 2.59% | 2.04% |
Portfolio Turnover | 2% (4) | 10% | 5% | 19% | 2% | 2% |
(1) | Computed using average shares outstanding. |
(2) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of Fund share transactions and the amount of the per share realized and unrealized gains and losses at such time. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(4) | Not annualized. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.02% of average daily net assets for the six months ended July 31, 2023). Absent this reimbursement, total return would be lower. |
(6) | Annualized. |
(7) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
Class R6 | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 13.540 | $ 15.090 | $ 14.690 | $ 13.890 | $ 14.300 | $ 16.910 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.282 | $ 0.371 | $ 0.217 | $ 0.228 | $ 0.379 | $ 0.380 |
Net realized and unrealized gain (loss) | 0.458 | (1.308) | 0.489 | 0.813 (2) | (0.379) | (2.639) |
Total income (loss) from operations | $ 0.740 | $ (0.937) | $ 0.706 | $ 1.041 | $ — | $ (2.259) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.613) | $ (0.306) | $ (0.241) | $ (0.410) | $ (0.351) |
Total distributions | $ — | $ (0.613) | $ (0.306) | $ (0.241) | $ (0.410) | $ (0.351) |
Net asset value — End of period | $14.280 | $13.540 | $15.090 | $14.690 | $13.890 | $14.300 |
Total Return(3) | 5.47% (4)(5) | (5.99)% | 4.82% | 7.45% | (0.13)% | (13.18)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $ 3,252 | $ 1,668 | $ 1,786 | $ 83,963 | $ 54,504 | $ 94,243 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses | 1.35% (5)(6)(7) | 1.33% (7) | 1.24% | 1.21% | 1.14% | 1.13% |
Net investment income | 4.24% (6) | 2.76% | 1.42% | 1.83% | 2.67% | 2.48% |
Portfolio Turnover | 2% (4) | 10% | 5% | 19% | 2% | 2% |
(1) | Computed using average shares outstanding. |
(2) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of Fund share transactions and the amount of the per share realized and unrealized gains and losses at such time. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(4) | Not annualized. |
(5) | The investment adviser, sub-adviser and administrator reimbursed certain operating expenses (equal to 0.02% of average daily net assets for the six months ended July 31, 2023). Absent this reimbursement, total return would be lower. |
(6) | Annualized. |
(7) | Includes a reduction by the investment adviser of a portion of its adviser fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023). |
Aggregate cost | $ 164,575,617 |
Gross unrealized appreciation | $ 75,631,798 |
Gross unrealized depreciation | (35,911,224) |
Net unrealized appreciation | $ 39,720,574 |
Average Daily Net Assets | Annual Fee Rate |
Up to $500 million | 0.850% |
$500 million but less than $1 billion | 0.800% |
$1 billion but less than $2.5 billion | 0.775% |
$2.5 billion but less than $5 billion | 0.750% |
$5 billion but less than $7.5 billion | 0.730% |
$7.5 billion and over | 0.710% |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Sales | 40,418 | $ 545,283 | 101,486 | $ 1,388,348 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 77,012 | 991,912 | |
Redemptions | (155,330) | (2,071,228) | (521,190) | (7,039,558) | |
Net decrease | (114,912) | $ (1,525,945) | (342,692) | $ (4,659,298) | |
Class C | |||||
Sales | — | $ — | 36 | $ 500 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 562 | 7,142 | |
Redemptions | (862) | (11,381) | (6,987) | (93,979) | |
Net decrease | (862) | $ (11,381) | (6,389) | $ (86,337) |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | ||||
Shares | Amount | Shares | Amount | ||
Class I | |||||
Sales | 621,933 | $ 8,270,476 | 1,645,912 | $ 22,251,808 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 376,209 | 4,841,814 | |
Redemptions | (1,615,521) | (21,822,879) | (6,306,726) | (83,957,279) | |
Net decrease | (993,588) | $(13,552,403) | (4,284,605) | $(56,863,657) | |
Class R6 | |||||
Sales | 137,870 | $ 1,837,197 | 9,156 | $ 124,405 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 5,621 | 72,284 | |
Redemptions | (33,343) | (444,535) | (9,965) | (137,154) | |
Net increase | 104,527 | $ 1,392,662 | 4,812 | $ 59,535 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $837,938 | $ — | $ — | $ — | $837,938 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund | $270,603 | $8,579,937 | $(8,845,473) | $ — | $ — | $5,067 | $9,039 | 5,067 |
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3* | Total |
Common Stocks: | ||||
Asia/Pacific | $ 3,468,885 | $ 99,660,912 | $ 35,528 | $ 103,165,325 |
Emerging Europe | 71,683 | 27,031,594 | 0 | 27,103,277 |
Latin America | 30,468,311 | — | — | 30,468,311 |
Middle East/Africa | 848,168 | 39,782,738 | 2,085,367 | 42,716,273 |
Total Common Stocks | $34,857,047 | $ 166,475,244** | $ 2,120,895 | $203,453,186 |
Short-Term Investments: | ||||
Affiliated Fund | $ 5,067 | $ — | $ — | $ 5,067 |
Asset Description (continued) | Level 1 | Level 2 | Level 3* | Total |
Securities Lending Collateral | $ 837,938 | $ — | $ — | $ 837,938 |
Total Investments | $35,700,052 | $ 166,475,244 | $ 2,120,895 | $204,296,191 |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
** | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
Officers | |
Eric A. Stein President | Nicholas S. Di Lorenzo Secretary |
Deidre E. Walsh Vice President and Chief Legal Officer | Richard F. Froio Chief Compliance Officer |
James F. Kirchner Treasurer |
Trustees |
George J. Gorman Chairperson | |
Alan C. Bowser | |
Mark R. Fetting | |
Cynthia E. Frost | |
Valerie A. Mosley | |
Anchal Pachnanda*(1) |
Keith Quinton | |
Marcus L. Smith | |
Susan J. Sutherland | |
Scott E. Wennerholm | |
Nancy A. Wiser |
* | Interested Trustee |
(1) | Ms. Pachnanda began serving as Trustee effective April 1, 2023. |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
Two International Place
Boston, MA 02110
800 Fifth Avenue, Suite 2800
Seattle, WA 98104
Two International Place
Boston, MA 02110
(617) 482-8260
One Congress Street, Suite 1
Boston, MA 02114-2016
Attn: Eaton Vance Funds
P.O. Box 534439
Pittsburgh, PA 15253-4439
(800) 260-0761
Boston, MA 02110
Defensive Fund
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Since Inception |
Class I at NAV | 02/09/2017 | 02/09/2017 | 10.02% | 11.28% | 7.03% | 7.34% |
Cboe S&P 500 BuyWrite IndexSM | — | — | 7.55% | 6.44% | 4.12% | 5.41% |
S&P 500® Index | — | — | 13.52 | 13.02 | 12.19 | 13.21 |
ICE BofA 3-Month U.S. Treasury Bill Index | — | — | 2.34 | 3.95 | 1.60 | 1.51 |
Blended Index | — | — | 7.87 | 8.85 | 7.24 | 7.59 |
% Total Annual Operating Expense Ratio3 | Class I |
0.49% |
Common Stock Sector Allocation (% of net assets) |
Asset Allocation (% of total investments) |
Top 10 Holdings (% of net assets)1 | |
Apple, Inc. | 4.2% |
Microsoft Corp. | 3.5 |
NVIDIA Corp. | 2.0 |
Amazon.com, Inc. | 1.7 |
Alphabet, Inc., Class A | 1.2 |
Alphabet, Inc., Class C | 1.0 |
Berkshire Hathaway, Inc., Class B | 1.0 |
Tesla, Inc. | 0.8 |
UnitedHealth Group, Inc. | 0.8 |
Meta Platforms, Inc., Class A | 0.7 |
Total | 16.9% |
1 | Depictions do not reflect the Fund’s option positions. Excludes short-term investments. |
1 | Cboe S&P 500 BuyWrite IndexSM measures the performance of a hypothetical buy-write strategy on the S&P 500® Index. S&P 500® Index is an unmanaged index of large-cap stocks commonly used as a measure of U.S. stock market performance. S&P Dow Jones Indices are a product of S&P Dow Jones Indices LLC (“S&P DJI”) and have been licensed for use. S&P® and S&P 500® are registered trademarks of S&P DJI; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); S&P DJI, Dow Jones and their respective affiliates do not sponsor, endorse, sell or promote the Fund, will not have any liability with respect thereto and do not have any liability for any errors, omissions, or interruptions of the S&P Dow Jones Indices. ICE BofA 3-Month U.S. Treasury Bill Index is an unmanaged index of U.S. Treasury securities maturing in 90 days. ICE® BofA® indices are not for redistribution or other uses; provided “as is”, without warranties, and with no liability. Eaton Vance has prepared this report and ICE Data Indices, LLC does not endorse it, or guarantee, review, or endorse Eaton Vance’s products. BofA® is a licensed registered trademark of Bank of America Corporation in the United States and other countries. The Blended Index consists of 50% S&P 500® Index and 50% ICE BofA 3-Month U.S. Treasury Bill Index, rebalanced monthly. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Class I shares are offered at net asset value (NAV). Returns are historical and are calculated by determining the percentage change in NAV with all distributions reinvested. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable. |
3 | Source: Fund prospectus. The expense ratio for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Fund profile subject to change due to active management. |
Beginning Account Value (2/1/23) | Ending Account Value (7/31/23) | Expenses Paid During Period* (2/1/23 – 7/31/23) | Annualized Expense Ratio | |
Actual | ||||
Class I | $1,000.00 | $1,100.20 | $2.45 | 0.47% |
Hypothetical | ||||
(5% return per year before expenses) | ||||
Class I | $1,000.00 | $1,022.46 | $2.36 | 0.47% |
* | Expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on January 31, 2023. |
Common Stocks — 52.5% |
Security | Shares | Value | |
Aerospace & Defense — 0.8% | |||
Boeing Co. (The)(1) | 10,340 | $ 2,469,709 | |
Huntington Ingalls Industries, Inc. | 2,737 | 628,607 | |
L3Harris Technologies, Inc. | 6,177 | 1,170,479 | |
RTX Corp. | 24,745 | 2,175,828 | |
$ 6,444,623 | |||
Air Freight & Logistics — 0.2% | |||
Expeditors International of Washington, Inc. | 6,721 | $ 855,583 | |
United Parcel Service, Inc., Class B | 5,888 | 1,101,822 | |
$ 1,957,405 | |||
Automobile Components — 0.1% | |||
BorgWarner, Inc. | 11,034 | $ 513,081 | |
Phinia, Inc.(1) | 2,206 | 62,584 | |
$ 575,665 | |||
Automobiles — 1.0% | |||
Ford Motor Co. | 102,424 | $ 1,353,021 | |
Tesla, Inc.(1) | 25,328 | 6,773,467 | |
$ 8,126,488 | |||
Banks — 1.8% | |||
Bank of America Corp. | 101,213 | $ 3,238,816 | |
Citigroup, Inc. | 32,214 | 1,535,319 | |
Fifth Third Bancorp | 30,206 | 878,994 | |
Huntington Bancshares, Inc. | 62,582 | 766,004 | |
JPMorgan Chase & Co. | 37,320 | 5,895,067 | |
Regions Financial Corp. | 50,835 | 1,035,509 | |
Wells Fargo & Co. | 27,305 | 1,260,399 | |
$ 14,610,108 | |||
Beverages — 1.0% | |||
Brown-Forman Corp., Class B | 3,730 | $ 263,338 | |
Coca-Cola Co. (The) | 56,522 | 3,500,407 | |
PepsiCo, Inc. | 19,919 | 3,734,016 | |
$ 7,497,761 | |||
Biotechnology — 0.9% | |||
AbbVie, Inc. | 25,007 | $ 3,740,547 | |
Amgen, Inc. | 8,294 | 1,942,040 | |
Vertex Pharmaceuticals, Inc.(1) | 3,924 | 1,382,582 | |
$ 7,065,169 |
Security | Shares | Value | |
Broadline Retail — 1.9% | |||
Amazon.com, Inc.(1) | 99,047 | $ 13,240,603 | |
eBay, Inc. | 14,642 | 651,715 | |
Kohl's Corp. | 25,362 | 721,549 | |
$ 14,613,867 | |||
Building Products — 0.3% | |||
A.O. Smith Corp. | 16,850 | $ 1,223,815 | |
Carrier Global Corp. | 20,581 | 1,225,599 | |
$ 2,449,414 | |||
Capital Markets — 0.9% | |||
Ameriprise Financial, Inc. | 4,528 | $ 1,577,782 | |
Invesco, Ltd. | 62,481 | 1,049,681 | |
Nasdaq, Inc. | 23,820 | 1,202,672 | |
S&P Global, Inc. | 6,109 | 2,410,061 | |
State Street Corp. | 17,118 | 1,240,028 | |
$ 7,480,224 | |||
Chemicals — 0.9% | |||
CF Industries Holdings, Inc. | 16,415 | $ 1,347,343 | |
FMC Corp. | 8,161 | 785,333 | |
Linde PLC | 8,502 | 3,321,477 | |
Sherwin-Williams Co. (The) | 6,320 | 1,747,480 | |
$ 7,201,633 | |||
Commercial Services & Supplies — 0.2% | |||
Republic Services, Inc. | 9,020 | $ 1,363,012 | |
$ 1,363,012 | |||
Communications Equipment — 0.6% | |||
Arista Networks, Inc.(1) | 6,778 | $ 1,051,200 | |
Cisco Systems, Inc. | 51,317 | 2,670,537 | |
F5, Inc.(1) | 6,035 | 954,978 | |
$ 4,676,715 | |||
Construction & Engineering — 0.2% | |||
Quanta Services, Inc. | 6,781 | $ 1,367,185 | |
$ 1,367,185 | |||
Consumer Finance — 0.3% | |||
Discover Financial Services | 11,372 | $ 1,200,314 | |
Synchrony Financial | 34,370 | 1,187,140 | |
$ 2,387,454 |
Security | Shares | Value | |
Consumer Staples Distribution & Retail — 1.0% | |||
Costco Wholesale Corp. | 6,672 | $ 3,740,790 | |
Kroger Co. (The) | 26,752 | 1,301,217 | |
Walmart, Inc. | 17,918 | 2,864,372 | |
$ 7,906,379 | |||
Containers & Packaging — 0.3% | |||
Avery Dennison Corp. | 5,624 | $ 1,034,872 | |
Packaging Corp. of America | 5,963 | 914,426 | |
Sealed Air Corp. | 14,789 | 674,674 | |
$ 2,623,972 | |||
Distributors — 0.1% | |||
LKQ Corp. | 19,666 | $ 1,077,500 | |
$ 1,077,500 | |||
Diversified Telecommunication Services — 0.3% | |||
AT&T, Inc. | 66,616 | $ 967,264 | |
Verizon Communications, Inc. | 47,935 | 1,633,625 | |
$ 2,600,889 | |||
Electric Utilities — 1.0% | |||
Alliant Energy Corp. | 17,071 | $ 917,396 | |
Duke Energy Corp. | 14,705 | 1,376,682 | |
Entergy Corp. | 9,047 | 929,127 | |
Evergy, Inc. | 15,391 | 922,998 | |
FirstEnergy Corp. | 16,698 | 657,734 | |
NextEra Energy, Inc. | 30,946 | 2,268,342 | |
NRG Energy, Inc. | 16,178 | 614,602 | |
Pinnacle West Capital Corp. | 6,846 | 566,986 | |
$ 8,253,867 | |||
Electrical Equipment — 0.3% | |||
Eaton Corp. PLC | 10,470 | $ 2,149,700 | |
$ 2,149,700 | |||
Electronic Equipment, Instruments & Components — 0.2% | |||
TE Connectivity, Ltd. | 10,461 | $ 1,501,049 | |
$ 1,501,049 | |||
Energy Equipment & Services — 0.0%(2) | |||
Halliburton Co. | 7,584 | $ 296,383 | |
$ 296,383 | |||
Entertainment — 0.4% | |||
Netflix, Inc.(1) | 6,248 | $ 2,742,685 |
Security | Shares | Value | |
Entertainment (continued) | |||
Walt Disney Co. (The)(1) | 6,132 | $ 545,073 | |
$ 3,287,758 | |||
Financial Services — 2.5% | |||
Berkshire Hathaway, Inc., Class B(1) | 22,369 | $ 7,872,993 | |
FleetCor Technologies, Inc.(1) | 5,505 | 1,370,250 | |
Mastercard, Inc., Class A | 12,486 | 4,922,980 | |
Visa, Inc., Class A | 22,785 | 5,416,678 | |
$ 19,582,901 | |||
Food Products — 0.4% | |||
Campbell Soup Co. | 18,711 | $ 857,338 | |
Conagra Brands, Inc. | 30,742 | 1,008,645 | |
Hormel Foods Corp. | 7,639 | 312,282 | |
McCormick & Co., Inc., Non Voting Shares | 10,622 | 950,457 | |
$ 3,128,722 | |||
Ground Transportation — 0.5% | |||
J.B. Hunt Transport Services, Inc. | 5,898 | $ 1,202,838 | |
Union Pacific Corp. | 10,581 | 2,455,004 | |
$ 3,657,842 | |||
Health Care Equipment & Supplies — 1.4% | |||
Abbott Laboratories | 22,414 | $ 2,495,351 | |
Boston Scientific Corp.(1) | 34,345 | 1,780,788 | |
Cooper Cos., Inc. (The) | 3,026 | 1,183,953 | |
IDEXX Laboratories, Inc.(1) | 3,057 | 1,695,810 | |
Insulet Corp.(1) | 2,953 | 817,243 | |
Intuitive Surgical, Inc.(1) | 7,071 | 2,293,832 | |
Medtronic PLC | 11,119 | 975,803 | |
$ 11,242,780 | |||
Health Care Providers & Services — 1.3% | |||
AmerisourceBergen Corp. | 7,142 | $ 1,334,840 | |
DaVita, Inc.(1) | 10,524 | 1,073,343 | |
Molina Healthcare, Inc.(1) | 3,187 | 970,409 | |
Quest Diagnostics, Inc. | 7,345 | 993,117 | |
UnitedHealth Group, Inc. | 11,802 | 5,976,179 | |
$ 10,347,888 | |||
Health Care REITs — 0.1% | |||
Healthpeak Properties, Inc. | 20,808 | $ 454,239 | |
$ 454,239 |
Security | Shares | Value | |
Hotels, Restaurants & Leisure — 1.1% | |||
Carnival Corp.(1) | 48,679 | $ 917,112 | |
Expedia Group, Inc.(1) | 9,477 | 1,161,217 | |
McDonald's Corp. | 9,679 | 2,837,883 | |
Starbucks Corp. | 21,637 | 2,197,670 | |
Wynn Resorts, Ltd. | 10,917 | 1,189,735 | |
$ 8,303,617 | |||
Household Durables — 0.2% | |||
Leggett & Platt, Inc. | 2,890 | $ 84,562 | |
Lennar Corp., Class A | 13,510 | 1,713,473 | |
$ 1,798,035 | |||
Household Products — 0.8% | |||
Clorox Co. (The) | 7,162 | $ 1,084,900 | |
Procter & Gamble Co. (The) | 31,813 | 4,972,372 | |
$ 6,057,272 | |||
Industrial Conglomerates — 0.3% | |||
Honeywell International, Inc. | 12,401 | $ 2,407,406 | |
$ 2,407,406 | |||
Industrial REITs — 0.2% | |||
ProLogis, Inc. | 10,251 | $ 1,278,812 | |
$ 1,278,812 | |||
Insurance — 1.0% | |||
Arthur J. Gallagher & Co. | 7,052 | $ 1,514,769 | |
Assurant, Inc. | 6,011 | 808,540 | |
Everest Group, Ltd. | 2,641 | 952,107 | |
Globe Life, Inc. | 7,099 | 796,295 | |
Progressive Corp. (The) | 13,267 | 1,671,377 | |
Unum Group | 46,346 | 2,252,879 | |
$ 7,995,967 | |||
Interactive Media & Services — 3.1% | |||
Alphabet, Inc., Class A(1) | 71,060 | $ 9,431,083 | |
Alphabet, Inc., Class C(1) | 60,670 | 8,075,784 | |
Match Group, Inc.(1) | 29,665 | 1,379,719 | |
Meta Platforms, Inc., Class A(1) | 18,603 | 5,926,916 | |
$ 24,813,502 | |||
IT Services — 0.4% | |||
Accenture PLC, Class A | 9,956 | $ 3,149,581 | |
$ 3,149,581 |
Security | Shares | Value | |
Life Sciences Tools & Services — 1.0% | |||
Danaher Corp. | 9,993 | $ 2,548,814 | |
IQVIA Holdings, Inc.(1) | 6,039 | 1,351,287 | |
Thermo Fisher Scientific, Inc. | 5,748 | 3,153,698 | |
Waters Corp.(1) | 3,206 | 885,529 | |
$ 7,939,328 | |||
Machinery — 0.6% | |||
Flowserve Corp. | 2,794 | $ 105,501 | |
PACCAR, Inc. | 20,719 | 1,784,527 | |
Pentair PLC | 5,259 | 365,501 | |
Stanley Black & Decker, Inc. | 8,414 | 835,258 | |
Westinghouse Air Brake Technologies Corp. | 10,792 | 1,278,205 | |
$ 4,368,992 | |||
Media — 0.6% | |||
Comcast Corp., Class A | 61,260 | $ 2,772,628 | |
Omnicom Group, Inc. | 15,747 | 1,332,511 | |
Paramount Global, Class B | 46,265 | 741,628 | |
$ 4,846,767 | |||
Metals & Mining — 0.2% | |||
Freeport-McMoRan, Inc. | 43,625 | $ 1,947,856 | |
$ 1,947,856 | |||
Multi-Utilities — 0.3% | |||
CMS Energy Corp. | 16,513 | $ 1,008,449 | |
WEC Energy Group, Inc. | 11,345 | 1,019,462 | |
$ 2,027,911 | |||
Office REITs — 0.1% | |||
Alexandria Real Estate Equities, Inc. | 7,523 | $ 945,491 | |
$ 945,491 | |||
Oil, Gas & Consumable Fuels — 2.2% | |||
APA Corp. | 26,833 | $ 1,086,468 | |
Chevron Corp. | 23,279 | 3,809,841 | |
Devon Energy Corp. | 22,751 | 1,228,554 | |
EOG Resources, Inc. | 13,580 | 1,799,757 | |
Exxon Mobil Corp. | 52,082 | 5,585,274 | |
HF Sinclair Corp. | 23,402 | 1,219,010 | |
Marathon Oil Corp. | 40,551 | 1,065,275 | |
ONEOK, Inc. | 18,990 | 1,273,090 | |
$ 17,067,269 |
Security | Shares | Value | |
Passenger Airlines — 0.1% | |||
Alaska Air Group, Inc.(1) | 18,881 | $ 918,183 | |
$ 918,183 | |||
Pharmaceuticals — 2.3% | |||
Bristol-Myers Squibb Co. | 22,871 | $ 1,422,348 | |
Catalent, Inc.(1) | 12,098 | 586,995 | |
Eli Lilly & Co. | 11,288 | 5,130,960 | |
Johnson & Johnson | 33,196 | 5,561,326 | |
Merck & Co., Inc. | 26,997 | 2,879,230 | |
Pfizer, Inc. | 68,667 | 2,476,132 | |
$ 18,056,991 | |||
Professional Services — 0.6% | |||
Equifax, Inc. | 6,123 | $ 1,249,582 | |
Jacobs Solutions, Inc. | 8,461 | 1,061,094 | |
Robert Half, Inc. | 8,419 | 624,269 | |
Verisk Analytics, Inc. | 6,411 | 1,467,734 | |
$ 4,402,679 | |||
Residential REITs — 0.3% | |||
Equity Residential | 15,400 | $ 1,015,476 | |
Mid-America Apartment Communities, Inc. | 7,518 | 1,125,144 | |
$ 2,140,620 | |||
Semiconductors & Semiconductor Equipment — 4.2% | |||
Broadcom, Inc. | 6,294 | $ 5,656,103 | |
First Solar, Inc.(1) | 4,279 | 887,464 | |
Intel Corp. | 41,145 | 1,471,757 | |
KLA Corp. | 4,203 | 2,160,132 | |
NVIDIA Corp. | 34,678 | 16,204,683 | |
Qorvo, Inc.(1) | 6,352 | 698,847 | |
QUALCOMM, Inc. | 18,464 | 2,440,387 | |
SolarEdge Technologies, Inc.(1) | 1,760 | 424,969 | |
Teradyne, Inc. | 6,334 | 715,362 | |
Texas Instruments, Inc. | 15,104 | 2,718,720 | |
$ 33,378,424 | |||
Software — 5.3% | |||
Adobe, Inc.(1) | 7,575 | $ 4,137,238 | |
Cadence Design Systems, Inc.(1) | 3,490 | 816,695 | |
Intuit, Inc. | 5,235 | 2,678,749 | |
Microsoft Corp. | 83,078 | 27,907,562 | |
Oracle Corp. | 29,281 | 3,432,612 | |
Salesforce, Inc.(1) | 11,739 | 2,641,392 | |
$ 41,614,248 |
Security | Shares | Value | |
Specialized REITs — 0.6% | |||
American Tower Corp. | 10,154 | $ 1,932,408 | |
Extra Space Storage, Inc. | 8,164 | 1,139,449 | |
Public Storage | 5,147 | 1,450,167 | |
$ 4,522,024 | |||
Specialty Retail — 0.9% | |||
Bath & Body Works, Inc. | 20,278 | $ 751,503 | |
Home Depot, Inc. (The) | 13,992 | 4,671,089 | |
Lowe's Cos., Inc. | 7,523 | 1,762,413 | |
Victoria's Secret & Co.(1) | 7,225 | 148,040 | |
$ 7,333,045 | |||
Technology Hardware, Storage & Peripherals — 4.2% | |||
Apple, Inc. | 168,859 | $ 33,172,350 | |
$ 33,172,350 | |||
Textiles, Apparel & Luxury Goods — 0.3% | |||
NIKE, Inc., Class B | 18,161 | $ 2,004,793 | |
Ralph Lauren Corp., Class A | 3,952 | 519,016 | |
Under Armour, Inc., Class C(1) | 24,947 | 185,107 | |
$ 2,708,916 | |||
Tobacco — 0.3% | |||
Philip Morris International, Inc. | 25,165 | $ 2,509,454 | |
$ 2,509,454 | |||
Trading Companies & Distributors — 0.3% | |||
Fastenal Co. | 13,915 | $ 815,558 | |
W.W. Grainger, Inc. | 1,898 | 1,401,654 | |
$ 2,217,212 | |||
Water Utilities — 0.1% | |||
American Water Works Co., Inc. | 5,314 | $ 783,444 | |
$ 783,444 | |||
Total Common Stocks (identified cost $205,676,709) | $414,633,988 |
Short-Term Investments — 47.4% |
Affiliated Fund — 0.5% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.19%(3) | 4,264,830 | $ 4,264,830 | |
Total Affiliated Fund (identified cost $4,264,830) | $ 4,264,830 |
U.S. Treasury Obligations — 46.9% |
Security | Principal Amount (000's omitted) | Value | |
U.S. Treasury Bills: | |||
0.00%, 8/10/23 | $ | 24,650 | $ 24,617,578 |
0.00%, 8/15/23 | 19,125 | 19,085,832 | |
0.00%, 8/17/23 | 10,000 | 9,976,721 | |
0.00%, 8/24/23 | 20,000 | 19,932,797 | |
0.00%, 8/31/23 | 8,570 | 8,532,498 | |
0.00%, 9/7/23 | 35,400 | 35,208,668 | |
0.00%, 10/12/23 | 12,500 | 12,368,313 | |
0.00%, 10/26/23 | 18,625 | 18,391,067 | |
0.00%, 10/31/23 | 10,000 | 9,867,102 | |
0.00%, 11/2/23(4) | 16,613 | 16,386,463 | |
0.00%, 11/9/23 | 12,000 | 11,824,250 | |
0.00%, 11/24/23 | 25,000 | 24,581,728 | |
0.00%, 12/21/23 | 10,000 | 9,792,457 | |
0.00%, 12/28/23(5) | 18,387 | 17,986,800 | |
0.00%, 1/4/24 | 9,250 | 9,039,112 | |
0.00%, 1/11/24 | 9,250 | 9,029,753 | |
0.00%, 1/25/24(5) | 20,000 | 19,483,503 | |
0.00%, 2/22/24(5) | 17,140 | 16,639,664 | |
0.00%, 3/21/24(5) | 19,125 | 18,490,931 | |
0.00%, 4/18/24 | 10,000 | 9,629,471 |
Security | Principal Amount (000's omitted) | Value | |
U.S. Treasury Bills: (continued) | |||
0.00%, 5/16/24(5) | $ | 19,250 | $ 18,459,246 |
0.00%, 6/13/24 | 9,250 | 8,834,863 | |
U.S. Treasury Notes: | |||
0.125%, 1/15/24 | 8,200 | 8,010,873 | |
0.125%, 2/15/24 | 8,200 | 7,972,147 | |
0.25%, 3/15/24 | 6,625 | 6,418,940 | |
Total U.S. Treasury Obligations (identified cost $370,838,529) | $370,560,777 | ||
Total Short-Term Investments (identified cost $375,103,359) | $374,825,607 | ||
Total Investments — 99.9% (identified cost $580,780,068) | $789,459,595 | ||
Total Written Options — (0.2)% (premiums received $2,026,363) | $ (1,698,903) | ||
Other Assets, Less Liabilities — 0.3% | $ 2,651,850 | ||
Net Assets — 100.0% | $790,412,542 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | Amount is less than 0.05%. |
(3) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of July 31, 2023. |
(4) | All or a portion of this security was on loan at July 31, 2023. The aggregate market value of securities on loan at July 31, 2023 was $9,932,684. |
(5) | Security (or a portion thereof) has been pledged as collateral for written options. |
Written Call Options (Exchange-Traded) — (0.2)% | |||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||
S&P 500 Index | 75 | $34,417,200 | $4,615 | 8/2/23 | $ (36,750) | ||
S&P 500 Index | 74 | 33,958,304 | 4,560 | 8/4/23 | (321,530) | ||
S&P 500 Index | 75 | 34,417,200 | 4,640 | 8/4/23 | (40,875) | ||
S&P 500 Index | 150 | 68,834,400 | 4,645 | 8/7/23 | (96,750) | ||
S&P 500 Index | 75 | 34,417,200 | 4,600 | 8/9/23 | (201,000) | ||
S&P 500 Index | 75 | 34,417,200 | 4,660 | 8/11/23 | (80,625) | ||
S&P 500 Index | 75 | 34,417,200 | 4,650 | 8/14/23 | (113,625) | ||
S&P 500 Index | 75 | 34,417,200 | 4,675 | 8/18/23 | (106,125) |
Written Call Options (Exchange-Traded) (continued) | |||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||
S&P 500 Index | 75 | $34,417,200 | $4,675 | 8/23/23 | $ (138,000) | ||
S&P 500 Index | 75 | 34,417,200 | 4,710 | 8/28/23 | (113,625) | ||
Total | $(1,248,905) |
Written Put Options (Exchange-Traded) — (0.0)%1 | |||||||
Description | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | ||
S&P 500 Index | 75 | $34,417,200 | $4,475 | 8/2/23 | $ (2,813) | ||
S&P 500 Index | 75 | 34,417,200 | 4,525 | 8/4/23 | (32,250) | ||
S&P 500 Index | 75 | 34,417,200 | 4,475 | 8/7/23 | (16,312) | ||
S&P 500 Index | 75 | 34,417,200 | 4,525 | 8/7/23 | (41,625) | ||
S&P 500 Index | 71 | 32,581,616 | 4,350 | 8/9/23 | (7,633) | ||
S&P 500 Index | 75 | 34,417,200 | 4,495 | 8/11/23 | (61,875) | ||
S&P 500 Index | 67 | 30,746,032 | 4,400 | 8/14/23 | (23,115) | ||
S&P 500 Index | 75 | 34,417,200 | 4,425 | 8/18/23 | (57,000) | ||
S&P 500 Index | 75 | 34,417,200 | 4,430 | 8/23/23 | (81,375) | ||
S&P 500 Index | 75 | 34,417,200 | 4,455 | 8/28/23 | (126,000) | ||
Total | $(449,998) |
1 | Amount is less than (0.05)%. |
Abbreviations: | |
REITs | – Real Estate Investment Trusts |
July 31, 2023 | |
Assets | |
Unaffiliated investments, at value (identified cost $576,515,238) — including $9,932,684 of securities on loan | $ 785,194,765 |
Affiliated investments, at value (identified cost $4,264,830) | 4,264,830 |
Interest and dividends receivable | 349,703 |
Dividends receivable from affiliated investments | 87,556 |
Receivable for premiums on written options | 349,455 |
Receivable for Fund shares sold | 2,985,768 |
Securities lending income receivable | 20,548 |
Total assets | $793,252,625 |
Liabilities | |
Written options outstanding, at value (premiums received $2,026,363) | $ 1,698,903 |
Payable for closed written options | 107,596 |
Payable for Fund shares redeemed | 483,407 |
Payable to affiliates: | |
Investment adviser and administration fee | 261,276 |
Accrued expenses | 288,901 |
Total liabilities | $ 2,840,083 |
Net Assets | $790,412,542 |
Sources of Net Assets | |
Paid-in capital | $ 553,046,562 |
Distributable earnings | 237,365,980 |
Net Assets | $790,412,542 |
Class I Shares | |
Net Assets | $ 790,412,542 |
Shares Outstanding | 56,683,222 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 13.94 |
Six Months Ended | |
July 31, 2023 | |
Investment Income | |
Dividend income | $ 3,170,783 |
Dividend income from affiliated investments | 487,138 |
Interest income | 7,106,293 |
Securities lending income, net | 99,607 |
Total investment income | $10,863,821 |
Expenses | |
Investment adviser and administration fee | $ 1,463,053 |
Trustees’ fees and expenses | 24,549 |
Custodian fee | 101,949 |
Transfer and dividend disbursing agent fees | 84,684 |
Legal and accounting services | 34,709 |
Printing and postage | 3,326 |
Registration fees | 17,708 |
Miscellaneous | 16,509 |
Total expenses | $ 1,746,487 |
Deduct: | |
Waiver and/or reimbursement of expenses by affiliates | $ 15,821 |
Total expense reductions | $ 15,821 |
Net expenses | $ 1,730,666 |
Net investment income | $ 9,133,155 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment transactions | $ (1,081,291) |
Written options | 12,922,301 |
Net realized gain | $11,841,010 |
Change in unrealized appreciation (depreciation): | |
Investments | $ 50,009,435 |
Written options | 541,793 |
Net change in unrealized appreciation (depreciation) | $50,551,228 |
Net realized and unrealized gain | $62,392,238 |
Net increase in net assets from operations | $71,525,393 |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 9,133,155 | $ 8,197,972 |
Net realized gain | 11,841,010 | 44,357,956 |
Net change in unrealized appreciation (depreciation) | 50,551,228 | (75,287,174) |
Net increase (decrease) in net assets from operations | $ 71,525,393 | $ (22,731,246) |
Distributions to shareholders: | ||
Class I | $ — | $ (51,738,046) |
Total distributions to shareholders | $ — | $ (51,738,046) |
Transactions in shares of beneficial interest: | ||
Class I | $ 5,387,500 | $ (183,513,913) |
Net increase (decrease) in net assets from Fund share transactions | $ 5,387,500 | $(183,513,913) |
Net increase (decrease) in net assets | $ 76,912,893 | $(257,983,205) |
Net Assets | ||
At beginning of period | $ 713,499,649 | $ 971,482,854 |
At end of period | $790,412,542 | $ 713,499,649 |
Class I | ||||||
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value — Beginning of period | $ 12.670 | $ 14.000 | $ 12.410 | $ 11.940 | $ 10.830 | $ 11.020 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.163 | $ 0.138 | $ 0.040 | $ 0.103 | $ 0.188 | $ 0.165 |
Net realized and unrealized gain (loss) | 1.107 | (0.496) | 1.727 | 0.460 | 1.069 | (0.226) |
Total income (loss) from operations | $ 1.270 | $ (0.358) | $ 1.767 | $ 0.563 | $ 1.257 | $ (0.061) |
Less Distributions | ||||||
From net investment income | $ — | $ (0.115) | $ (0.044) | $ (0.093) | $ (0.147) | $ (0.129) |
From net realized gain | — | (0.857) | (0.133) | — | — | — |
Total distributions | $ — | $ (0.972) | $ (0.177) | $ (0.093) | $ (0.147) | $ (0.129) |
Net asset value — End of period | $ 13.940 | $ 12.670 | $ 14.000 | $ 12.410 | $ 11.940 | $ 10.830 |
Total Return(2) | 10.02% (3) | (2.26)% | 14.22% | 4.73% | 11.62% | (0.55)% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $790,413 | $713,500 | $971,483 | $1,047,351 | $767,121 | $439,658 |
Ratios (as a percentage of average daily net assets): | ||||||
Expenses | 0.47% (4)(5) | 0.49% (5) | 0.47% | 0.47% | 0.48% | 0.52% |
Net investment income | 2.49% (4) | 1.04% | 0.29% | 0.90% | 1.64% | 1.50% |
Portfolio Turnover | 4% (3) | 28% | 12% | 69% | 21% | 55% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested. |
(3) | Not annualized. |
(4) | Annualized. |
(5) | Includes a reduction by the investment adviser of a portion of its adviser and administration fee due to the Fund’s investment in the Liquidity Fund (equal to less than 0.005% of average daily net assets for the six months ended July 31, 2023 and the year ended January 31, 2023, respectively). |
Aggregate cost | $578,807,731 |
Gross unrealized appreciation | $ 210,428,791 |
Gross unrealized depreciation | (1,475,830) |
Net unrealized appreciation | $208,952,961 |
Average Daily Net Assets | Annual Fee Rate |
Up to $1 billion | 0.400% |
$1 billion but less than $2.5 billion | 0.375% |
$2.5 billion but less than $5 billion | 0.360% |
$5 billion and over | 0.350% |
Six Months Ended July 31, 2023 (Unaudited) | Year Ended January 31, 2023 | ||||
Shares | Amount | Shares | Amount | ||
Class I | |||||
Sales | 4,360,523 | $ 57,566,534 | 9,213,814 | $ 123,076,975 | |
Issued to shareholders electing to receive payments of distributions in Fund shares | — | — | 3,687,289 | 44,763,686 | |
Redemptions | (3,977,896) | (52,179,034) | (26,005,171) | (351,354,574) | |
Net increase (decrease) | 382,627 | $ 5,387,500 | (13,104,068) | $(183,513,913) |
Fair Value | ||
Derivative | Asset Derivative | Liability Derivative(1) |
Written options | $ — | $(1,698,903) |
(1) | Statement of Assets and Liabilities location: Written options outstanding, at value. |
Derivative | Realized Gain (Loss) on Derivatives Recognized in Income(1) | Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income(2) |
Written options | $12,922,301 | $541,793 |
(1) | Statement of Operations location: Net realized gain (loss): Written options. |
(2) | Statement of Operations location: Change in unrealized appreciation (depreciation): Written options. |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund | $41,696,705 | $311,812,632 | $(349,244,507) | $ — | $ — | $4,264,830 | $487,138 | 4,264,830 |
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $ 414,633,988* | $ — | $ — | $ 414,633,988 |
Short-Term Investments: | ||||
Affiliated Fund | 4,264,830 | — | — | 4,264,830 |
U.S. Treasury Obligations | — | 370,560,777 | — | 370,560,777 |
Total Investments | $ 418,898,818 | $ 370,560,777 | $ — | $ 789,459,595 |
Liability Description | Level 1 | Level 2 | Level 3 | Total |
Written Call Options | $ (1,248,905) | $ — | $ — | $ (1,248,905) |
Written Put Options | (449,998) | — | — | (449,998) |
Total | $ (1,698,903) | $ — | $ — | $ (1,698,903) |
* | The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments. |
Directors pertaining to the operation, adequacy, and effectiveness of implementation of the Program, as well as the operation of the highly liquid investment minimum (if applicable) for the period January 1, 2022 through December 31, 2022 (Review Period). The Program operated effectively during the Review Period, supporting the administrator’s ability to assess, manage and monitor Fund liquidity risk, including during periods of market volatility and net redemptions. During the Review Period, the Fund met redemption requests on a timely basis.
Officers | |
Eric A. Stein President | Nicholas S. Di Lorenzo Secretary |
Deidre E. Walsh Vice President and Chief Legal Officer | Richard F. Froio Chief Compliance Officer |
James F. Kirchner Treasurer |
Trustees |
George J. Gorman Chairperson | |
Alan C. Bowser | |
Mark R. Fetting | |
Cynthia E. Frost | |
Valerie A. Mosley | |
Anchal Pachnanda*(1) |
Keith Quinton | |
Marcus L. Smith | |
Susan J. Sutherland | |
Scott E. Wennerholm | |
Nancy A. Wiser |
* | Interested Trustee |
(1) | Ms. Pachnanda began serving as Trustee effective April 1, 2023. |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-262-1122 or email: EVPrivacy@eatonvance.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
Two International Place
Boston, MA 02110
800 Fifth Avenue, Suite 2800
Seattle, WA 98104
Two International Place
Boston, MA 02110
(617) 482-8260
One Congress Street, Suite 1
Boston, MA 02114-2016
Attn: Eaton Vance Funds
P.O. Box 534439
Pittsburgh, PA 15253-4439
(800) 260-0761
Boston, MA 02110
Item 2. Code of Ethics
Not required in this filing.
Item 3. Audit Committee Financial Expert
Not required in this filing.
Item 4. Principal Accountant Fees and Services
Not required in this filing.
Item 5. Audit Committee of Listed Registrants
Not applicable.
Item 6. Schedule of Investments
Please see schedule of investments contained in the Report to Stockholders included under Item 1 of this Form N-CSR.
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
No material changes.
Item 11. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting 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) | Registrant’s Code of Ethics – Not applicable (please see Item 2). | |
(a)(2)(i) | Treasurer’s Section 302 certification. | |
(a)(2)(ii) | President’s Section 302 certification. | |
(b) | Combined Section 906 certification. |
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.
Eaton Vance Mutual Funds Trust | ||
By: | /s/ Eric A. Stein | |
Eric A. Stein | ||
President | ||
Date: | September 25, 2023 |
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: | /s/ James F. Kirchner | |
James F. Kirchner | ||
Treasurer | ||
Date: | September 25, 2023 | |
By: | /s/ Eric A. Stein | |
Eric A. Stein | ||
President | ||
Date: | September 25, 2023 |