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: 811-05972
| Name of Registrant: | Vanguard International Equity Index Funds |
| Address of Registrant: | P.O. Box 2600 |
| | Valley Forge, PA 19482 |
| Name and address of agent for service: | Anne E. Robinson, Esquire |
| | P.O. Box 876 |
| | Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: October 31
Date of reporting period: November 1, 2021—October 31, 2022
Item 1: Reports to Shareholders
Annual Report | October 31, 2022
Vanguard International Stock Index Funds
| Vanguard European Stock Index Fund |
| Vanguard Pacific Stock Index Fund |
Contents
Your Fund’s Performance at a Glance
| 1 |
About Your Fund’s Expenses
| 2 |
European Stock Index Fund
| 4 |
Pacific Stock Index Fund
| 42 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
| • | For the 12 months ended October 31, 2022, returns for Vanguard European Stock Index Fund ranged from –24.66% for Investor Shares to –24.53% for Institutional and Institutional Plus Shares. Returns for Vanguard Pacific Stock Index Fund ranged from –25.08% for Investor Shares to –24.96% for Institutional Shares. |
| • | The economic backdrop deteriorated as inflation soared to multidecade highs, fueled in part by higher energy and food prices in the wake of Russia’s invasion of Ukraine. Then price increases broadened to other categories of goods and services, adding to concerns that inflation would remain stubbornly high. That prompted aggressive tightening by many central banks to bring inflation back in check and increased fears of a recession. |
| • | The United Kingdom hurt returns the most for the European fund, followed by Germany and France. Among sectors, industrials, consumer discretionary, financials, and technology detracted most. |
| • | For the Pacific fund, Japan, which represents more than half the index, hurt returns the most. Among sectors, industrials, consumer discretionary, technology, and financials were the largest detractors. |
Market Barometer
| | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | One Year | Three Years | Five Years |
| Stocks | | | |
| Russell 1000 Index (Large-caps) | -16.38% | 9.99% | 10.19% |
| Russell 2000 Index (Small-caps) | -18.54 | 7.05 | 5.56 |
| Russell 3000 Index (Broad U.S. market) | -16.52 | 9.79 | 9.87 |
| FTSE All-World ex US Index (International) | -24.20 | -1.16 | -0.18 |
| Bonds | | | |
Bloomberg U.S. Aggregate Float Adjusted Index
(Broad taxable market) | -15.69% | -3.73% | -0.50% |
Bloomberg Municipal Bond Index
(Broad tax-exempt market) | -11.98 | -2.18 | 0.37 |
| FTSE Three-Month U.S. Treasury Bill Index | 0.88 | 0.59 | 1.15 |
| CPI | | | |
| Consumer Price Index | 7.75% | 5.01% | 3.85% |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
| • | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
| • | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Actual Fund Return | | | |
| European Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $871.20 | $1.32 |
| FTSE Europe ETF Shares | 1,000.00 | 871.90 | 0.66 |
| Admiral™ Shares | 1,000.00 | 871.90 | 0.75 |
| Institutional Shares | 1,000.00 | 872.00 | 0.66 |
| Institutional Plus Shares | 1,000.00 | 872.00 | 0.61 |
| Pacific Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $863.20 | $1.08 |
| FTSE Pacific ETF Shares | 1,000.00 | 863.40 | 0.38 |
| Admiral Shares | 1,000.00 | 863.30 | 0.47 |
| Institutional Shares | 1,000.00 | 863.70 | 0.38 |
| Based on Hypothetical 5% Yearly Return | | | |
| European Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $1,023.79 | $1.43 |
| FTSE Europe ETF Shares | 1,000.00 | 1,024.50 | 0.71 |
| Admiral Shares | 1,000.00 | 1,024.40 | 0.82 |
| Institutional Shares | 1,000.00 | 1,024.50 | 0.71 |
| Institutional Plus Shares | 1,000.00 | 1,024.55 | 0.66 |
| Pacific Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $1,024.05 | $1.17 |
| FTSE Pacific ETF Shares | 1,000.00 | 1,024.80 | 0.41 |
| Admiral Shares | 1,000.00 | 1,024.70 | 0.51 |
| Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
The calculations are based on expenses incurred in the most recent six-month period. The funds' annualized six-month expense ratios for that period are: for the European Stock Index Fund, 0.28% for Investor Shares, 0.14% for FTSE Europe ETF Shares, 0.16% for Admiral Shares, 0.14% for Institutional Shares, and 0.13% for Institutional Plus Shares; and for the Pacific Stock Index Fund, 0.23% for Investor Shares, 0.08% for FTSE Pacific ETF Shares, 0.10% for Admiral Shares, and 0.08% for Institutional Shares. The dollar amounts shown as “Expenses Paid" are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (184/365).
European Stock Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
 | European Stock Index Fund Investor Shares | -24.66% | -0.16% | 4.04% | $14,860 |
 | Spliced European Stock Index | -24.55 | 0.02 | 4.23 | 15,132 |
 | FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
Spliced European Stock Index: MSCI Europe Index through March 26, 2013; FTSE Developed Europe Index through September 30, 2015; FTSE Developed Europe All Cap Index thereafter. Benchmark returns are adjusted for withholding taxes.
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| FTSE Europe ETF Shares Net Asset Value | -24.54% | -0.01% | 4.20% | $15,094 |
| FTSE Europe ETF Shares Market Price | -24.63 | 0.02 | 4.21 | 15,102 |
| Spliced European Stock Index | -24.55 | 0.02 | 4.23 | 15,132 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
See Financial Highlights for dividend and capital gains information.
European Stock Index Fund
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| European Stock Index Fund Admiral Shares | -24.56% | -0.03% | 4.19% | $15,069 |
| Spliced European Stock Index | -24.55 | 0.02 | 4.23 | 15,132 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| European Stock Index Fund Institutional Shares | -24.53% | -0.01% | 4.21% | $7,552,310 |
| Spliced European Stock Index | -24.55 | 0.02 | 4.23 | 7,565,917 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 7,167,958 |
| | | | |
| | | One
Year | Five
Years | Since
Inception
(12/5/2014) | Final Value
of a $100,000,000
Investment |
| European Stock Index Fund Institutional Plus Shares | -24.53% | 0.01% | 1.97% | $116,701,740 |
| Spliced European Stock Index | -24.55 | 0.02 | 1.96 | 116,537,270 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 2.18 | 118,600,370 |
“Since Inception” performance is calculated from the Institutional Plus Shares’ inception date for both the fund and its comparative standards.
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| FTSE Europe ETF Shares Market Price | -24.63% | 0.08% | 51.02% |
| FTSE Europe ETF Shares Net Asset Value | -24.54 | -0.05 | 50.94 |
| Spliced European Stock Index | -24.55 | 0.09 | 51.32 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
European Stock Index Fund
| United Kingdom | 25.5% |
| France | 16.4 |
| Switzerland | 15.1 |
| Germany | 12.0 |
| Netherlands | 6.3 |
| Sweden | 5.5 |
| Denmark | 4.2 |
| Italy | 4.0 |
| Spain | 3.8 |
| Finland | 2.2 |
| Belgium | 1.7 |
| Norway | 1.6 |
| Other | 1.7 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
European Stock Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.3%) |
| Austria (0.5%) |
| | Erste Group Bank AG | 615,633 | 15,172 |
| | OMV AG | 266,608 | 12,276 |
| | Verbund AG | 124,495 | 9,752 |
| 1 | BAWAG Group AG | 163,112 | 7,874 |
| | ANDRITZ AG | 130,967 | 6,087 |
| | Wienerberger AG | 218,167 | 4,987 |
| | voestalpine AG | 214,949 | 4,667 |
| | Raiffeisen Bank International AG | 242,077 | 3,367 |
| | CA Immobilien Anlagen AG | 79,385 | 2,507 |
| | Mayr Melnhof Karton AG | 16,469 | 2,344 |
| 2 | Oesterreichische Post AG | 62,933 | 1,791 |
| | Vienna Insurance Group AG Wiener Versicherung Gruppe | 69,749 | 1,560 |
| | Telekom Austria AG Class A | 250,301 | 1,455 |
| | AT&S Austria Technologie & Systemtechnik AG | 47,014 | 1,452 |
| | UNIQA Insurance Group AG | 205,907 | 1,334 |
| 2 | Lenzing AG | 25,201 | 1,206 |
| | EVN AG | 66,775 | 1,111 |
| | S IMMO AG (XWBO) | 48,566 | 1,092 |
| | Schoeller-Bleckmann Oilfield Equipment AG | 19,660 | 1,081 |
| | Strabag SE (Bearer) | �� 27,589 | 1,059 |
| * | DO & CO AG | 12,783 | 1,005 |
| | IMMOFINANZ AG | 60,319 | 711 |
| * | Flughafen Wien AG | 19,049 | 621 |
| | Palfinger AG | 18,146 | 419 |
| | Agrana Beteiligungs AG | 23,831 | 323 |
| | Porr AG | 21,040 | 217 |
| *,3 | S IMMO AG Rights Exp. 8/11/23 | 49,473 | — |
| | | | 85,470 |
| Belgium (1.7%) |
| | Anheuser-Busch InBev SA | 1,625,115 | 81,289 |
| * | Argenx SE | 103,705 | 40,264 |
| | | Shares | Market
Value•
($000) |
| | KBC Group NV | 516,721 | 25,896 |
| | UCB SA | 226,986 | 17,107 |
| | Groupe Bruxelles Lambert SA | 187,266 | 13,806 |
| | Umicore SA | 385,796 | 12,718 |
| | Ageas SA | 345,069 | 11,946 |
| | Solvay SA | 131,117 | 11,832 |
| | Elia Group SA | 70,774 | 8,948 |
| | D'ieteren Group | 42,848 | 7,131 |
| | Warehouses De Pauw CVA | 267,479 | 6,865 |
| | Ackermans & van Haaren NV | 41,920 | 5,840 |
| | Aedifica SA | 74,849 | 5,708 |
| | Sofina SA | 28,784 | 5,613 |
| | Cofinimmo SA | 60,571 | 5,023 |
| | Lotus Bakeries NV | 760 | 4,227 |
| | Euronav NV | 230,832 | 4,024 |
| | Barco NV | 130,164 | 2,810 |
| | Proximus SADP | 265,408 | 2,782 |
| | Melexis NV | 37,340 | 2,568 |
| | KBC Ancora | 67,571 | 2,402 |
| | Etablissements Franz Colruyt NV | 93,509 | 2,254 |
| | Shurgard Self Storage SA | 46,639 | 2,031 |
| | Bekaert SA | 65,530 | 1,826 |
| | Montea NV | 24,899 | 1,698 |
| | Gimv NV | 37,632 | 1,607 |
| * | Tessenderlo Group SA | 49,351 | 1,496 |
| * | Dredging Environmental & Marine Engineering NV | 12,655 | 1,410 |
| | Fagron | 106,741 | 1,329 |
| | Telenet Group Holding NV | 84,768 | 1,292 |
| | Retail Estates NV | 20,643 | 1,216 |
| | Xior Student Housing NV | 41,942 | 1,178 |
| | VGP NV | 15,029 | 1,140 |
| * | Kinepolis Group NV | 24,421 | 921 |
| | bpost SA | 181,433 | 897 |
| * | Ontex Group NV | 150,670 | 889 |
| * | AGFA-Gevaert NV | 252,750 | 764 |
| | Econocom Group SA NV | 215,955 | 587 |
| * | Orange Belgium SA | 27,225 | 461 |
| | Van de Velde NV | 11,661 | 368 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| *,2 | Mithra Pharmaceuticals SA | 47,768 | 308 |
| | Wereldhave Belgium Comm VA | 5,568 | 268 |
| * | Cie d'Entreprises CFE | 11,991 | 127 |
| | | | 302,866 |
| Denmark (4.1%) |
| | Novo Nordisk A/S Class B | 2,940,291 | 319,701 |
| | DSV A/S | 352,106 | 47,579 |
| * | Genmab A/S | 123,174 | 47,447 |
| | Vestas Wind Systems A/S | 1,891,664 | 37,292 |
| 1 | Orsted A/S | 354,585 | 29,255 |
| | Coloplast A/S Class B | 249,970 | 27,864 |
| | Carlsberg A/S Class B | 174,535 | 20,551 |
| | AP Moller - Maersk A/S Class B | 9,685 | 20,234 |
| | Danske Bank A/S | 1,236,855 | 19,952 |
| | Novozymes A/S Class B | 373,435 | 19,602 |
| | Tryg A/S | 672,908 | 14,554 |
| | AP Moller - Maersk A/S Class A | 5,532 | 11,068 |
| | Chr Hansen Holding A/S | 193,150 | 10,728 |
| | Pandora A/S | 166,592 | 8,763 |
| * | ISS A/S | 345,845 | 6,351 |
| | Ringkjoebing Landbobank A/S | 52,779 | 5,740 |
| * | Jyske Bank A/S (Registered) | 98,277 | 5,304 |
| | Royal Unibrew A/S | 92,826 | 5,303 |
| | GN Store Nord A/S | 238,538 | 5,069 |
| * | Demant A/S | 183,435 | 5,009 |
| | SimCorp A/S | 74,506 | 4,449 |
| * | Bavarian Nordic A/S | 132,021 | 4,201 |
| * | ALK-Abello A/S | 244,204 | 4,038 |
| * | NKT A/S | 80,863 | 4,036 |
| | Topdanmark A/S | 79,879 | 3,687 |
| | Ambu A/S Class B | 323,418 | 3,617 |
| | Sydbank A/S | 107,423 | 3,271 |
| | Chemometec A/S | 29,293 | 2,761 |
| | FLSmidth & Co. A/S | 107,934 | 2,495 |
| | ROCKWOOL International A/S Class B | 11,763 | 2,343 |
| | D/S Norden A/S | 45,069 | 2,332 |
| * | Zealand Pharma A/S | 87,348 | 2,250 |
| | Alm Brand A/S | 1,618,731 | 2,212 |
| *,1 | Netcompany Group A/S | 62,268 | 2,135 |
| | Spar Nord Bank A/S | 153,265 | 1,856 |
| 1 | Scandinavian Tobacco Group A/S Class A | 107,042 | 1,793 |
| | H Lundbeck A/S | 475,282 | 1,778 |
| | Dfds A/S | 56,700 | 1,721 |
| | Schouw & Co. A/S | 23,235 | 1,474 |
| | Torm plc Class A | 54,537 | 1,459 |
| * | Nilfisk Holding A/S | 52,393 | 975 |
| * | NTG Nordic Transport Group A/S Class A | 29,627 | 961 |
| | | Shares | Market
Value•
($000) |
| * | H Lundbeck A/S Class A | 83,034 | 282 |
| | | | 723,492 |
| Finland (2.1%) |
| | Nordea Bank Abp | 5,654,691 | 54,016 |
| | Nokia OYJ | 10,602,724 | 47,118 |
| | Sampo OYJ Class A | 920,627 | 42,098 |
| | Neste OYJ | 783,297 | 34,331 |
| | UPM-Kymmene OYJ | 1,002,085 | 33,687 |
| | Kone OYJ Class B | 737,974 | 30,217 |
| | Stora Enso OYJ Class R | 1,079,526 | 14,076 |
| | Elisa OYJ | 269,970 | 13,047 |
| | Fortum OYJ | 810,901 | 11,413 |
| | Nordea Bank Abp (XHEL) | 1,094,762 | 10,462 |
| | Kesko OYJ Class B | 507,282 | 9,872 |
| | Orion OYJ Class B | 195,837 | 9,012 |
| | Metso Outotec OYJ | 1,140,166 | 8,653 |
| | Valmet OYJ | 313,402 | 7,128 |
| | Huhtamaki OYJ | 173,663 | 6,241 |
| | Wartsila OYJ Abp | 910,344 | 6,206 |
| | Kojamo OYJ | 368,036 | 4,790 |
| | Cargotec OYJ Class B | 91,994 | 3,460 |
| | Konecranes OYJ Class A | 134,987 | 3,396 |
| | TietoEVRY OYJ (XHEL) | 124,790 | 2,975 |
| | Nokian Renkaat OYJ | 254,737 | 2,873 |
| | Outokumpu OYJ | 632,980 | 2,540 |
| | Metsa Board OYJ | 326,895 | 2,459 |
| | Kemira OYJ | 169,883 | 2,243 |
| | Revenio Group OYJ | 43,630 | 1,623 |
| | Sanoma OYJ | 136,116 | 1,593 |
| *,2 | QT Group OYJ | 35,846 | 1,531 |
| | Uponor OYJ | 100,994 | 1,341 |
| | Tokmanni Group Corp. | 90,139 | 1,090 |
| | TietoEVRY OYJ | 38,768 | 923 |
| 1 | Terveystalo OYJ | 142,719 | 883 |
| | Citycon OYJ | 134,885 | 840 |
| | YIT OYJ | 307,524 | 771 |
| * | F-Secure OYJ | 204,280 | 578 |
| *,2 | Finnair OYJ | 1,125,577 | 477 |
| | Oriola OYJ Class B | 260,147 | 472 |
| | Raisio OYJ Class V | 239,697 | 464 |
| * | WithSecure OYJ | 221,088 | 358 |
| *,3 | Ahlstrom-Munksjo OYJ Rights | 19,422 | 342 |
| | | | 375,599 |
| France (16.3%) |
| | LVMH Moet Hennessy Louis Vuitton SE | 468,347 | 295,524 |
| | TotalEnergies SE | 4,449,082 | 242,712 |
| | Sanofi | 2,047,383 | 176,193 |
| | Schneider Electric SE | 999,101 | 126,343 |
| | Airbus SE | 1,048,470 | 113,448 |
| | L'Oreal SA Loyalty Shares | 333,079 | 104,588 |
| | Air Liquide SA Loyalty Shares | 725,242 | 94,872 |
| | BNP Paribas SA | 2,010,801 | 94,294 |
| | EssilorLuxottica SA | 559,476 | 88,469 |
| | Vinci SA | 933,873 | 85,951 |
| | AXA SA | 3,474,905 | 85,812 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Hermes International | 58,205 | 75,340 |
| | Safran SA | 654,985 | 72,946 |
| | Pernod Ricard SA | 384,789 | 67,535 |
| | Kering SA | 137,007 | 62,744 |
| | Danone SA | 1,145,860 | 56,949 |
| | Capgemini SE | 300,935 | 49,320 |
| | Dassault Systemes SE | 1,255,670 | 42,089 |
| | Legrand SA | 503,191 | 38,346 |
| | STMicroelectronics NV | 1,190,349 | 37,013 |
| | L'Oreal SA (XPAR) | 115,706 | 36,332 |
| | Cie de Saint-Gobain | 861,802 | 35,231 |
| | Orange SA | 3,603,132 | 34,330 |
| | Cie Generale des Etablissements Michelin SCA | 1,317,287 | 33,570 |
| | Societe Generale SA | 1,425,035 | 32,686 |
| | Teleperformance | 109,279 | 29,279 |
| | Engie SA Loyalty Shares | 2,216,318 | 28,797 |
| | Air Liquide SA (XPAR) | 205,930 | 26,938 |
| | Veolia Environnement SA | 1,172,476 | 26,165 |
| | Thales SA | 188,776 | 24,009 |
| | Edenred | 467,023 | 23,943 |
| | Publicis Groupe SA | 426,532 | 23,888 |
| | Credit Agricole SA | 2,275,789 | 20,650 |
| *,1 | Worldline SA | 459,183 | 20,042 |
| | Carrefour SA | 1,112,394 | 17,905 |
| | Eurofins Scientific SE | 229,812 | 14,711 |
| | Sartorius Stedim Biotech | 45,106 | 14,314 |
| | Getlink SE | 858,108 | 13,579 |
| | Bureau Veritas SA | 536,180 | 13,265 |
| | Eiffage SA | 138,410 | 12,515 |
| | Alstom SA | 568,734 | 11,705 |
| | Bouygues SA | 396,836 | 11,322 |
| * | Renault SA | 360,546 | 11,101 |
| | Vivendi SE | 1,307,526 | 10,702 |
| | EDF Loyalty Shares 2024 | 874,704 | 10,330 |
| | Engie SA (XPAR) | 779,615 | 10,130 |
| 1 | Euronext NV | 152,768 | 9,696 |
| | Arkema SA | 121,089 | 9,583 |
| | Bollore SE | 1,858,606 | 9,296 |
| | Sodexo SA ACT Loyalty Shares | 103,308 | 9,151 |
| | Gecina SA | 97,306 | 8,675 |
| * | Accor SA | 343,848 | 8,239 |
| | Rexel SA | 449,984 | 8,030 |
| | Valeo | 455,220 | 7,499 |
| * | Aeroports de Paris | 53,478 | 7,232 |
| | Remy Cointreau SA | 47,002 | 7,188 |
| | BioMerieux | 81,090 | 7,175 |
| | Klepierre SA | 350,750 | 7,049 |
| | Gaztransport Et Technigaz SA | 58,273 | 6,779 |
| | Ipsen SA | 64,316 | 6,610 |
| | Dassault Aviation SA | 43,939 | 6,526 |
| | Alten SA | 54,248 | 6,338 |
| * | SOITEC | 46,557 | 5,961 |
| | SPIE SA | 238,799 | 5,586 |
| 1 | La Francaise des Jeux SAEM | 162,254 | 5,288 |
| | Nexans SA | 55,641 | 5,196 |
| 1 | Amundi SA | 106,820 | 5,040 |
| | Covivio | 94,048 | 5,035 |
| | | Shares | Market
Value•
($000) |
| | SES SA Class A GDR | 707,748 | 5,020 |
| | Elis SA (XPAR) | 425,305 | 4,871 |
| * | Ubisoft Entertainment SA | 176,436 | 4,841 |
| | L'Oreal SA | 14,264 | 4,479 |
| | SCOR SE | 281,025 | 4,226 |
| | Technip Energies NV | 324,805 | 4,193 |
| | Rubis SCA | 177,062 | 4,021 |
| | Wendel SE | 50,593 | 3,962 |
| | Air Liquide SA | 29,404 | 3,846 |
| | Sodexo SA (XPAR) | 41,694 | 3,693 |
| | Electricite de France SA (XPAR) | 311,404 | 3,678 |
| 1 | Verallia SA | 128,581 | 3,643 |
| | Sopra Steria Group SACA | 27,006 | 3,575 |
| *,2 | Faurecia SE (XPAR) | 238,696 | 3,564 |
| | IPSOS | 73,419 | 3,554 |
| | Eutelsat Communications SA | 342,828 | 3,441 |
| * | Vallourec SA | 284,706 | 3,029 |
| | Eurazeo SA | 52,757 | 3,011 |
| | Imerys SA | 73,178 | 2,995 |
| 1 | Neoen SA (XPAR) | 82,019 | 2,861 |
| *,2 | Air France-KLM | 2,124,909 | 2,794 |
| | Societe BIC SA | 46,798 | 2,687 |
| | SEB SA Loyalty Shares | 39,824 | 2,593 |
| | ICADE | 60,743 | 2,260 |
| | Coface SA | 200,543 | 2,232 |
| | Virbac SA | 8,065 | 1,976 |
| | Rothschild & Co. | 51,130 | 1,813 |
| *,2 | Atos SE | 178,456 | 1,741 |
| * | JCDecaux SA | 137,027 | 1,730 |
| | Sodexo SA | 19,189 | 1,700 |
| 1 | ALD SA | 153,890 | 1,642 |
| | Engie SA | 126,028 | 1,638 |
| | Nexity SA | 80,248 | 1,607 |
| | Interparfums SA | 33,082 | 1,595 |
| | Trigano SA | 15,340 | 1,570 |
| | Eurazeo SE | 27,330 | 1,560 |
| * | Euroapi SA | 88,023 | 1,540 |
| | Somfy SA | 14,400 | 1,534 |
| | Carmila SA | 104,931 | 1,468 |
| | Cie Plastic Omnium SA | 103,185 | 1,446 |
| | Television Francaise 1 | 201,502 | 1,279 |
| | Metropole Television SA | 121,093 | 1,252 |
| * | ID Logistics Group | 4,481 | 1,204 |
| | Eramet SA | 17,921 | 1,174 |
| * | CGG SA | 1,315,808 | 1,118 |
| | Korian SA | 117,891 | 1,114 |
| | Antin Infrastructure Partners SA | 49,936 | 1,086 |
| * | SES-imagotag SA | 9,276 | 1,053 |
| | Mercialys SA | 118,432 | 1,026 |
| * | Valneva SE | 150,967 | 1,021 |
| | Altarea SCA | 7,462 | 994 |
| * | Voltalia SA (Registered) | 51,805 | 987 |
| | Fnac Darty SA | 31,874 | 985 |
| | Quadient SA | 64,174 | 903 |
| | SEB SA (XPAR) | 13,801 | 898 |
| | Mersen SA | 27,389 | 886 |
| | Cie de L'Odet SE | 740 | 884 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Faurecia SE | 55,022 | 820 |
| | PEUGEOT Investment | 9,788 | 806 |
| | Derichebourg SA | 183,967 | 803 |
| 1 | Maisons du Monde SA | 78,069 | 765 |
| | Beneteau SA | 68,854 | 763 |
| *,2 | Orpea SA | 91,311 | 741 |
| *,2 | Casino Guichard Perrachon SA | 75,664 | 728 |
| | Eurazeo SE (XPAR) | 12,115 | 691 |
| | Vicat SA | 28,579 | ��� 655 |
| | Vetoquinol SA | 7,230 | 601 |
| *,2 | OVH Groupe SAS | 42,204 | 548 |
| *,1,2 | X-Fab Silicon Foundries SE | 97,826 | 506 |
| | Lagardere SA | 27,978 | 489 |
| | Pharmagest Interactive | 6,847 | 481 |
| | Manitou BF SA | 23,533 | 480 |
| *,1 | Elior Group SA | 211,396 | 469 |
| *,1 | SMCP SA | 73,776 | 464 |
| | Vilmorin & Cie SA | 10,448 | 463 |
| | Etablissements Maurel et Prom SA | 100,706 | 453 |
| | Lisi | 21,296 | 421 |
| | Jacquet Metals SACA | 26,881 | 418 |
| * | GL Events | 25,678 | 399 |
| | Bonduelle SCA | 26,435 | 307 |
| *,2 | Solutions 30 SE | 156,127 | 301 |
| | Boiron SA | 5,440 | 248 |
| * | Believe SA | 26,186 | 240 |
| | AKWEL | 14,967 | 217 |
| | Guerbet | 11,712 | 201 |
| | Tarkett SA | 14,019 | 169 |
| *,1,2 | Aramis Group SAS | 36,824 | 169 |
| | Seb SA | 2,385 | 155 |
| | Lisi (XPAR) | 5,564 | 110 |
| | Lisi SA Prime De Fidelite | 3,373 | 67 |
| | | | 2,861,740 |
| Germany (11.9%) |
| | SAP SE | 2,085,560 | 200,741 |
| | Siemens AG (Registered) | 1,419,453 | 155,017 |
| | Allianz SE (Registered) | 765,474 | 137,712 |
| | Deutsche Telekom AG (Registered) | 6,363,189 | 120,108 |
| | Bayer AG (Registered) | 1,848,745 | 97,209 |
| | Mercedes-Benz Group AG | 1,580,670 | 91,492 |
| | BASF SE | 1,721,717 | 77,255 |
| | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 263,573 | 69,577 |
| | Deutsche Post AG (Registered) | 1,820,141 | 64,342 |
| | Infineon Technologies AG | 2,449,452 | 59,437 |
| | Deutsche Boerse AG | 345,534 | 56,191 |
| | Volkswagen AG Preference Shares | 372,364 | 47,663 |
| | | Shares | Market
Value•
($000) |
| | Bayerische Motoren Werke AG | 602,689 | 47,306 |
| | RWE AG | 1,184,928 | 45,614 |
| | Merck KGaA | 242,984 | 39,598 |
| | Deutsche Bank AG (Registered) | 3,810,736 | 36,323 |
| | E.ON SE | 4,163,281 | 34,863 |
| | Vonovia SE | 1,499,063 | 33,145 |
| | adidas AG | 315,352 | 30,783 |
| | Symrise AG Class A | 244,969 | 25,005 |
| 1 | Siemens Healthineers AG | 520,782 | 23,858 |
| * | Daimler Truck Holding AG | 791,074 | 21,100 |
| | Henkel AG & Co. KGaA Preference Shares | 319,153 | 20,106 |
| | Hannover Rueck SE | 112,884 | 18,369 |
| | Beiersdorf AG | 187,383 | 17,988 |
| | MTU Aero Engines AG | 100,455 | 17,977 |
| | QIAGEN NV | 416,018 | 17,965 |
| | Fresenius SE & Co. KGaA | 767,627 | 17,666 |
| | Brenntag SE | 291,010 | 17,657 |
| | Sartorius AG Preference Shares | 46,443 | 16,375 |
| * | Commerzbank AG | 1,956,179 | 15,629 |
| | Rheinmetall AG | 81,649 | 13,272 |
| | HeidelbergCement AG | 272,032 | 12,510 |
| *,1 | Delivery Hero SE | 358,719 | 11,805 |
| 1 | Covestro AG | 332,950 | 11,302 |
| | Henkel AG & Co. KGaA | 188,657 | 11,075 |
| | GEA Group AG | 307,690 | 10,755 |
| | Fresenius Medical Care AG & Co. KGaA | 381,649 | 10,557 |
| | Continental AG | 203,466 | 10,539 |
| 2 | Volkswagen AG | 59,001 | 10,085 |
| *,1 | Zalando SE | 414,603 | 9,556 |
| 2 | Siemens Energy AG | 806,875 | 9,406 |
| | LEG Immobilien SE (XETR) | 139,620 | 9,115 |
| | Bayerische Motoren Werke AG Preference Shares | 113,379 | 8,361 |
| 2 | Carl Zeiss Meditec AG (Bearer) | 68,795 | 8,327 |
| | Puma SE | 186,924 | 8,264 |
| | K+S AG (Registered) | 359,943 | 7,947 |
| * | Deutsche Lufthansa AG (Registered) | 1,112,677 | 7,607 |
| 1 | Scout24 SE | 146,781 | 7,522 |
| | Evonik Industries AG | 357,956 | 6,594 |
| * | HelloFresh SE | 306,877 | 6,134 |
| * | Evotec SE | 294,568 | 5,618 |
| | Knorr-Bremse AG | 123,989 | 5,582 |
| | LANXESS AG | 162,712 | 5,503 |
| | Bechtle AG | 155,001 | 5,355 |
| * | CTS Eventim AG & Co. KGaA | 110,489 | 5,274 |
| | Rational AG | 8,878 | 5,005 |
| 2 | Vantage Towers AG | 174,266 | 4,901 |
| | HUGO BOSS AG | 106,346 | 4,898 |
| | AIXTRON SE | 199,263 | 4,897 |
| * | thyssenkrupp AG | 924,950 | 4,869 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Nemetschek SE | 101,194 | 4,825 |
| | Freenet AG | 222,687 | 4,377 |
| | Aurubis AG | 65,716 | 4,147 |
| | Aroundtown SA | 2,022,363 | 4,009 |
| | United Internet AG (Registered) | 204,184 | 3,817 |
| | Encavis AG | 203,607 | 3,791 |
| | Talanx AG | 100,065 | 3,758 |
| | FUCHS PETROLUB SE Preference Shares | 129,821 | 3,718 |
| | Telefonica Deutschland Holding AG | 1,690,592 | 3,684 |
| | Gerresheimer AG | 59,215 | 3,392 |
| | Hella GmbH & Co. KGaA | 42,916 | 3,350 |
| * | Aareal Bank AG | 105,444 | 3,334 |
| | Wacker Chemie AG | 28,415 | 3,308 |
| | KION Group AG | 145,999 | 3,237 |
| | VERBIO Vereinigte BioEnergie AG | 37,366 | 2,944 |
| | Sixt SE | 30,345 | 2,846 |
| | PNE AG | 144,518 | 2,751 |
| *,1 | TeamViewer AG | 276,462 | 2,655 |
| 1 | Befesa SA | 75,037 | 2,606 |
| * | Fraport AG Frankfurt Airport Services Worldwide | 67,510 | 2,601 |
| | Krones AG | 27,522 | 2,549 |
| | Stabilus SE | 46,267 | 2,538 |
| | RTL Group SA | 72,893 | 2,474 |
| | Duerr AG | 93,170 | 2,463 |
| | Siltronic AG | 39,236 | 2,440 |
| | Hensoldt AG | 98,756 | 2,320 |
| * | Nordex SE | 234,809 | 2,189 |
| | Jenoptik AG | 96,464 | 2,115 |
| | HOCHTIEF AG | 39,644 | 2,106 |
| | ProSiebenSat.1 Media SE | 308,433 | 2,096 |
| | Software AG | 93,541 | 2,046 |
| | Stroeer SE & Co. KGaA | 47,379 | 1,932 |
| | Synlab AG | 148,234 | 1,909 |
| * | METRO AG | 248,435 | 1,895 |
| | Deutsche Wohnen SE | 90,878 | 1,833 |
| * | Vitesco Technologies Group AG Class A | 33,873 | 1,813 |
| | Suedzucker AG | 142,004 | 1,810 |
| | TAG Immobilien AG | 282,812 | 1,771 |
| 1 | Deutsche Pfandbriefbank AG | 235,750 | 1,756 |
| | Pfeiffer Vacuum Technology AG | 12,339 | 1,743 |
| | Grand City Properties SA | 178,486 | 1,736 |
| 1 | DWS Group GmbH & Co. KGaA | 63,408 | 1,714 |
| | Salzgitter AG | 71,168 | 1,591 |
| | FUCHS PETROLUB SE | 63,883 | 1,540 |
| | CANCOM SE | 61,660 | 1,524 |
| | Fielmann AG | 46,269 | 1,474 |
| | Bilfinger SE | 52,983 | 1,474 |
| *,2 | Nagarro SE | 14,736 | 1,466 |
| | | Shares | Market
Value•
($000) |
| | CompuGroup Medical SE & Co. KGaA | 45,303 | 1,431 |
| * | flatexDEGIRO AG | 153,499 | 1,342 |
| * | SUSE SA | 74,275 | 1,312 |
| 2 | S&T AG | 87,089 | 1,261 |
| | Sixt SE Preference Shares | 21,587 | 1,257 |
| * | MorphoSys AG | 64,236 | 1,216 |
| | Traton SE | 97,138 | 1,211 |
| | Dermapharm Holding SE | 31,834 | 1,210 |
| | Sartorius AG | 4,102 | 1,209 |
| *,1 | Auto1 Group SE | 174,721 | 1,175 |
| | 1&1 AG | 87,562 | 1,154 |
| | BayWa AG | 25,230 | 1,139 |
| | KWS Saat SE & Co. KGaA | 19,506 | 1,132 |
| | STRATEC SE | 12,903 | 1,082 |
| | Eckert & Ziegler Strahlen- und Medizintechnik AG | 27,270 | 1,078 |
| | Kloeckner & Co. SE Preference Shares | 133,250 | 1,044 |
| | GFT Technologies SE | 31,921 | 1,041 |
| | Energiekontor AG | 11,674 | 1,037 |
| | Hornbach Holding AG & Co. KGaA | 14,991 | 1,022 |
| | GRENKE AG | 48,252 | 984 |
| | Norma Group SE | 61,387 | 973 |
| | Deutz AG | 243,742 | 920 |
| | Atoss Software AG | 7,270 | 885 |
| | Draegerwerk AG & Co. KGaA Preference Shares | 21,054 | 847 |
| | Takkt AG | 63,846 | 827 |
| *,2 | SMA Solar Technology AG | 16,458 | 796 |
| | Indus Holding AG | 38,880 | 767 |
| | Washtec AG | 20,075 | 754 |
| * | Hypoport SE | 7,572 | 740 |
| 2 | Varta AG | 27,224 | 730 |
| | Wacker Neuson SE | 45,275 | 714 |
| | Deutsche Beteiligungs AG | 27,190 | 689 |
| | DIC Asset AG | 97,454 | 672 |
| | Adesso SE | 6,736 | 667 |
| | New Work SE | 5,300 | 664 |
| *,2 | SGL Carbon SE | 92,390 | 655 |
| | PATRIZIA AG | 80,218 | 589 |
| | Basler AG | 21,585 | 586 |
| | Vossloh AG | 16,170 | 580 |
| 2 | CECONOMY AG | 353,825 | 576 |
| | CropEnergies AG | 35,670 | 569 |
| *,1,2 | Shop Apotheke Europe NV | 13,670 | 566 |
| | Hamburger Hafen und Logistik AG | 45,939 | 538 |
| | Secunet Security Networks AG | 2,406 | 528 |
| | Wuestenrot & Wuerttembergische AG | 36,518 | 515 |
| 2 | Uniper SE | 163,366 | 489 |
| 1 | Instone Real Estate Group SE | 63,505 | 462 |
| 2 | Deutsche EuroShop AG (XETR) | 19,474 | 417 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | ElringKlinger AG | 55,903 | 400 |
| 2 | Kuka AG | 4,102 | 339 |
| * | Global Fashion Group SA | 199,653 | 336 |
| *,2 | About You Holding SE | 63,274 | 309 |
| | Bertrandt AG | 9,612 | 286 |
| *,1,2 | ADLER Group SA | 189,547 | 281 |
| *,2 | Aareal Bank AG (XETR) | 5,344 | 174 |
| | | | 2,084,350 |
| Ireland (0.4%) |
| | Kerry Group plc Class A | 289,534 | 25,148 |
| | Kingspan Group plc | 284,272 | 14,332 |
| | Bank of Ireland Group plc | 1,714,770 | 12,347 |
| | AIB Group plc | 1,693,273 | 4,899 |
| | Glanbia plc (XDUB) | 348,710 | 4,027 |
| * | Dalata Hotel Group plc | 426,346 | 1,368 |
| *,2,3 | Irish Bank Resolution Corp. | 2,503,596 | — |
| | | | 62,121 |
| Italy (4.0%) |
| | Enel SpA | 14,596,542 | 65,208 |
| | Eni SpA | 4,587,868 | 60,256 |
| | Intesa Sanpaolo SpA | 31,237,236 | 59,555 |
| | UniCredit SpA | 3,689,230 | 45,751 |
| | Ferrari NV | 226,378 | 44,628 |
| | Assicurazioni Generali SpA | 2,595,073 | 38,945 |
| | Stellantis NV | 2,123,373 | 28,648 |
| | CNH Industrial NV | 1,870,311 | 24,196 |
| | Stellantis NV (XNYS) | 1,684,979 | 22,705 |
| | Atlantia SpA | 1,007,309 | 22,471 |
| | Snam SpA (MTAA) | 4,189,391 | 18,628 |
| | Terna - Rete Elettrica Nazionale | 2,650,616 | 17,578 |
| | Moncler SpA | 383,086 | 16,528 |
| | Prysmian SpA | 496,326 | 16,154 |
| | FinecoBank Banca Fineco SpA | 1,150,531 | 15,504 |
| | Tenaris SA | 874,585 | 13,688 |
| *,1 | Nexi SpA | 1,423,178 | 12,304 |
| | Mediobanca Banca di Credito Finanziario SpA | 1,219,510 | 11,048 |
| | Davide Campari-Milano NV | 934,729 | 8,394 |
| | Banco BPM SpA | 2,569,978 | 7,776 |
| 1 | Poste Italiane SpA | 858,892 | 7,485 |
| | Recordati Industria Chimica e Farmaceutica SpA | 182,155 | 6,844 |
| | Leonardo SpA | 752,600 | 6,046 |
| | Amplifon SpA | 241,622 | 6,003 |
| 1 | Infrastrutture Wireless Italiane SpA | 658,044 | 5,808 |
| | Interpump Group SpA | 148,881 | 5,764 |
| | DiaSorin SpA | 41,773 | 5,461 |
| * | Telecom Italia SpA | 26,400,664 | 5,165 |
| | Italgas SpA | 917,536 | 4,727 |
| | Reply SpA | 42,531 | 4,626 |
| | ERG SpA | 124,246 | 3,897 |
| | Unipol Gruppo SpA | 902,299 | 3,883 |
| | | Shares | Market
Value•
($000) |
| | Brunello Cucinelli SpA | 62,707 | 3,635 |
| | BPER Banca | 1,954,166 | 3,616 |
| | Hera SpA | 1,476,014 | 3,517 |
| 1 | Pirelli & C SpA | 918,835 | 3,466 |
| | Banca Mediolanum SpA | 446,020 | 3,337 |
| | Azimut Holding SpA | 200,372 | 3,226 |
| | A2A SpA | 2,824,823 | 3,132 |
| | Banca Generali SpA | 104,514 | 3,124 |
| | Brembo SpA | 273,053 | 2,855 |
| | Banca Popolare di Sondrio SpA | 743,386 | 2,667 |
| | Buzzi Unicem SpA | 159,306 | 2,644 |
| 1 | BFF Bank SpA | 347,277 | 2,450 |
| | De' Longhi SpA | 132,346 | 2,283 |
| * | Autogrill SpA | 357,696 | 2,236 |
| * | Iveco Group NV | 373,445 | 2,018 |
| | Salvatore Ferragamo SpA | 126,552 | 1,860 |
| | UnipolSai Assicurazioni SpA | 815,087 | 1,838 |
| | Iren SpA | 1,222,343 | 1,817 |
| 1 | Enav SpA | 463,613 | 1,793 |
| 1 | Carel Industries SpA | 80,675 | 1,757 |
| 1 | Technogym SpA | 247,148 | 1,699 |
| | Sesa SpA | 13,778 | 1,492 |
| | Tamburi Investment Partners SpA | 190,474 | 1,339 |
| *,2 | Banca Monte dei Paschi di Siena SpA | 705,746 | 1,332 |
| 1 | Anima Holding SpA | 427,881 | 1,325 |
| | SOL SpA | 69,672 | 1,253 |
| * | Saras SpA | 1,030,222 | 1,245 |
| | El.En. SpA | 99,100 | 1,212 |
| | ACEA SpA | 84,258 | 1,062 |
| * | Telecom Italia SpA Savings Shares | 5,108,491 | 977 |
| 2 | Maire Tecnimont SpA | 308,521 | 957 |
| | Danieli & C Officine Meccaniche SpA Savings Shares | 64,270 | 883 |
| 2 | Webuild SpA (MTAA) | 630,180 | 858 |
| | Credito Emiliano SpA | 143,006 | 848 |
| 1 | RAI Way SpA | 175,743 | 842 |
| | Sanlorenzo SpA | 26,121 | 838 |
| | Piaggio & C SpA | 320,118 | 822 |
| | Tinexta SpA | 37,733 | 760 |
| | Zignago Vetro SpA | 59,996 | 755 |
| | Gruppo MutuiOnline SpA | 32,444 | 718 |
| * | Intercos SpA | 72,137 | 718 |
| *,1 | GVS SpA | 134,084 | 688 |
| | MARR SpA | 62,923 | 663 |
| 1 | doValue SpA | 111,681 | 643 |
| | Italmobiliare SpA | 22,924 | 586 |
| * | CIR SpA-Compagnie Industriali | 1,372,027 | 579 |
| | Banca IFIS SpA | 46,834 | 553 |
| | Cementir Holding NV | 89,672 | 522 |
| * | Tod's SpA | 15,352 | 479 |
| *,2 | Fincantieri SpA | 928,435 | 472 |
| | Salcef SpA | 28,982 | 455 |
| | Danieli & C Officine Meccaniche SpA | 21,942 | 448 |
| | Alerion Cleanpower SpA | 12,215 | 434 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Immobiliare Grande Distribuzione SIIQ SpA | 138,980 | 400 |
| | MFE-MediaForEurope NV Class A | 1,092,249 | 383 |
| | Arnoldo Mondadori Editore SpA | 222,976 | 376 |
| | Biesse SpA | 29,449 | 355 |
| | MFE-MediaForEurope NV Class B | 606,315 | 303 |
| *,2 | Juventus Football Club SpA | 1,043,925 | 285 |
| | Datalogic SpA | 35,409 | 269 |
| | Rizzoli Corriere Della Sera Mediagroup SpA | 191,366 | 129 |
| *,2 | Webuild SpA | 61,413 | 15 |
| | | | 699,917 |
| Netherlands (6.2%) |
| | ASML Holding NV | 757,561 | 355,362 |
| *,1 | Adyen NV | 55,302 | 78,949 |
| | ING Groep NV | 7,113,034 | 69,989 |
| | Prosus NV | 1,602,024 | 69,274 |
| | Koninklijke Ahold Delhaize NV | 1,903,236 | 53,078 |
| | Wolters Kluwer NV | 486,000 | 51,642 |
| | Koninklijke DSM NV | 326,536 | 38,411 |
| | Heineken NV | 447,502 | 37,382 |
| | Universal Music Group NV | 1,404,679 | 27,582 |
| | NN Group NV | 560,841 | 23,747 |
| | ArcelorMittal SA | 982,221 | 21,956 |
| | Koninklijke Philips NV | 1,666,309 | 21,137 |
| | Akzo Nobel NV | 332,727 | 20,541 |
| | ASM International NV | 86,398 | 19,113 |
| | Koninklijke KPN NV | 6,131,672 | 17,151 |
| | Aegon NV | 3,333,812 | 15,433 |
| | IMCD NV | 107,212 | 13,905 |
| | Heineken Holding NV | 198,734 | 13,560 |
| | EXOR NV (XAMS) | 190,297 | 12,788 |
| | ASR Nederland NV | 264,023 | 11,626 |
| | Randstad NV | 206,311 | 10,282 |
| *,2 | Unibail-Rodamco-Westfield | 194,183 | 9,177 |
| 1 | ABN AMRO Bank NV GDR | 776,232 | 7,631 |
| | BE Semiconductor Industries NV | 148,513 | 7,569 |
| | OCI NV | 180,836 | 6,917 |
| 1 | Signify NV | 234,612 | 6,500 |
| | Aalberts NV | 179,851 | 6,239 |
| *,1 | Just Eat Takeaway.com NV | 346,044 | 5,938 |
| | Arcadis NV | 134,226 | 4,555 |
| | JDE Peet's NV | 151,760 | 4,344 |
| * | Galapagos NV | 89,925 | 4,102 |
| | Allfunds Group plc | 642,592 | 4,041 |
| | SBM Offshore NV | 282,060 | 3,817 |
| *,1 | Intertrust NV | 166,021 | 3,275 |
| | Corbion NV | 111,891 | 2,980 |
| | TKH Group NV GDR | 77,560 | 2,743 |
| * | Fugro NV | 209,823 | 2,725 |
| *,1,2 | Basic-Fit NV | 99,433 | 2,504 |
| | Koninklijke Vopak NV | 121,973 | 2,492 |
| * | InPost SA | 382,830 | 2,440 |
| | | Shares | Market
Value•
($000) |
| | APERAM SA | 84,774 | 2,214 |
| *,1 | Alfen Beheer BV | 20,691 | 2,195 |
| | Eurocommercial Properties NV | 96,754 | 2,128 |
| | AMG Advanced Metallurgical Group NV | 58,221 | 1,819 |
| 1 | CTP NV | 122,887 | 1,275 |
| 1 | Flow Traders | 49,314 | 1,187 |
| | PostNL NV | 696,993 | 1,091 |
| | TomTom NV | 127,980 | 1,000 |
| * | Koninklijke BAM Groep NV | 444,054 | 969 |
| | Sligro Food Group NV | 60,199 | 873 |
| | Wereldhave NV | 71,217 | 872 |
| | NSI NV | 35,464 | 848 |
| | Majorel Group Luxembourg SA | 41,035 | 840 |
| | Vastned Retail NV | 33,797 | 686 |
| | Brunel International NV | 44,248 | 408 |
| *,2 | Ebusco Holding NV | 18,170 | 280 |
| 1 | B&S Group Sarl | 49,140 | 257 |
| * | EXOR NV | 3,248 | 218 |
| | | | 1,092,057 |
| Norway (1.6%) |
| | Equinor ASA | 1,762,279 | 64,206 |
| | DNB Bank ASA | 1,922,527 | 34,004 |
| | Aker BP ASA (XOSL) | 576,265 | 18,306 |
| | Norsk Hydro ASA | 2,515,448 | 15,964 |
| | Yara International ASA | 305,712 | 13,644 |
| | Mowi ASA | 831,621 | 12,413 |
| | Telenor ASA | 1,192,316 | 10,836 |
| | Orkla ASA | 1,430,656 | 9,650 |
| | TOMRA Systems ASA | 439,502 | 7,099 |
| | Storebrand ASA | 886,507 | 6,896 |
| | Gjensidige Forsikring ASA | 317,890 | 5,811 |
| | Kongsberg Gruppen ASA | 141,122 | 5,061 |
| | Bakkafrost P/F | 95,494 | 4,776 |
| | Subsea 7 SA | 428,184 | 4,272 |
| * | Nordic Semiconductor ASA | 292,855 | 4,134 |
| * | Adevinta ASA | 510,127 | 3,492 |
| | Salmar ASA | 102,414 | 3,472 |
| | SpareBank 1 SR-Bank ASA | 336,115 | 3,423 |
| *,2 | NEL ASA | 2,765,493 | 3,380 |
| | Aker ASA Class A | 45,238 | 3,192 |
| | Frontline Ltd. | 235,184 | 2,939 |
| | Schibsted ASA Class B | 197,379 | 2,935 |
| | TGS ASA | 215,356 | 2,932 |
| | SpareBank 1 SMN | 244,645 | 2,641 |
| | Var Energi ASA | 766,235 | 2,604 |
| | Borregaard ASA | 184,013 | 2,474 |
| | Leroy Seafood Group ASA | 488,138 | 2,248 |
| *,1 | AutoStore Holdings Ltd. | 1,085,639 | 2,052 |
| | Schibsted ASA Class A | 131,007 | 2,022 |
| | Atea ASA | 160,165 | 1,782 |
| | Veidekke ASA | 207,130 | 1,723 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | FLEX LNG Ltd. | 53,668 | 1,667 |
| 1 | Elkem ASA | 500,646 | 1,663 |
| | Aker Solutions ASA | 434,192 | 1,658 |
| 1 | Scatec ASA | 226,546 | 1,605 |
| | Wallenius Wilhelmsen ASA | 195,572 | 1,390 |
| * | Kahoot! ASA | 626,237 | 1,335 |
| | DNO ASA | 1,010,120 | 1,314 |
| *,1 | Crayon Group Holding ASA | 149,576 | 1,240 |
| | Austevoll Seafood ASA | 164,244 | 1,217 |
| | Hafnia Ltd. | 227,510 | 1,172 |
| 1 | BW LPG Ltd. | 141,774 | 1,147 |
| | Bonheur ASA | 37,738 | 1,074 |
| | Stolt-Nielsen Ltd. | 42,584 | 1,021 |
| | MPC Container Ships ASA | 627,171 | 989 |
| 1 | Entra ASA | 99,715 | 909 |
| * | Aker Carbon Capture ASA | 649,112 | 731 |
| | Grieg Seafood ASA | 105,355 | 730 |
| | Sparebank 1 Oestlandet | 53,776 | 581 |
| * | Aker Horizons Holding ASA | 442,280 | 556 |
| * | Hexagon Composites ASA | 219,903 | 505 |
| | Arendals Fossekompani A/S | 21,635 | 495 |
| * | BW Energy Ltd. | 150,571 | 379 |
| | BW Offshore Ltd. | 147,759 | 375 |
| * | Norway Royal Salmon ASA | 26,293 | 334 |
| * | Borr Drilling Ltd. | 1,519 | 7 |
| | | | 284,477 |
| Poland (0.4%) |
| | Polski Koncern Naftowy ORLEN SA | 783,186 | 8,994 |
| | Powszechna Kasa Oszczednosci Bank Polski SA | 1,598,238 | 8,709 |
| *,1 | Dino Polska SA | 90,207 | 5,888 |
| | Powszechny Zaklad Ubezpieczen SA | 1,048,109 | 5,872 |
| | KGHM Polska Miedz SA | 255,726 | 5,113 |
| | Bank Polska Kasa Opieki SA | 295,881 | 4,849 |
| | LPP SA | 2,062 | 3,573 |
| *,1,2 | Allegro.eu SA | 723,177 | 3,508 |
| * | Polskie Gornictwo Naftowe i Gazownictwo SA | 3,286,763 | 3,494 |
| 2 | CD Projekt SA | 122,334 | 3,251 |
| | Santander Bank Polska SA | 56,476 | 2,999 |
| | KRUK SA | 31,745 | 1,849 |
| | Cyfrowy Polsat SA | 454,579 | 1,702 |
| | Orange Polska SA | 1,253,105 | 1,580 |
| | Asseco Poland SA | 101,823 | 1,465 |
| *,1 | Pepco Group NV | 200,423 | 1,408 |
| * | mBank SA | 24,282 | 1,359 |
| * | Alior Bank SA | 178,966 | 1,100 |
| * | PGE Polska Grupa Energetyczna SA | 948,515 | 1,081 |
| * | Bank Millennium SA | 1,089,812 | 993 |
| | | Shares | Market
Value•
($000) |
| * | Jastrzebska Spolka Weglowa SA | 99,450 | 862 |
| | Bank Handlowy w Warszawie SA | 61,875 | 801 |
| * | Tauron Polska Energia SA | 1,815,693 | 737 |
| *,2 | CCC SA | 77,011 | 594 |
| * | Grupa Azoty SA | 86,184 | 590 |
| * | AmRest Holdings SE | 141,636 | 544 |
| * | Enea SA | 391,907 | 428 |
| | Warsaw Stock Exchange | 56,564 | 383 |
| * | Ciech SA | 43,712 | 306 |
| | Kernel Holding SA | 80,974 | 280 |
| | | | 74,312 |
| Portugal (0.4%) |
| | EDP - Energias de Portugal SA | 5,322,305 | 23,255 |
| | Jeronimo Martins SGPS SA | 516,645 | 10,691 |
| | Galp Energia SGPS SA | 967,941 | 9,828 |
| | EDP Renovaveis SA | 454,680 | 9,568 |
| | Banco Comercial Portugues SA Class R | 14,778,478 | 2,106 |
| | REN - Redes Energeticas Nacionais SGPS SA | 715,683 | 1,852 |
| | Navigator Co. SA | 461,014 | 1,756 |
| | Sonae SGPS SA | 1,715,258 | 1,647 |
| | NOS SGPS SA | 388,348 | 1,521 |
| * | Greenvolt-Energias Renovaveis SA | 107,917 | 829 |
| | CTT-Correios de Portugal SA | 258,340 | 797 |
| | Altri SGPS SA | 135,461 | 754 |
| | Corticeira Amorim SGPS SA | 61,416 | 594 |
| | Semapa-Sociedade de Investimento e Gestao | 29,276 | 372 |
| | | | 65,570 |
| Spain (3.8%) |
| | Iberdrola SA (XMAD) | 11,208,833 | 113,986 |
| | Banco Santander SA | 31,239,877 | 81,020 |
| | Banco Bilbao Vizcaya Argentaria SA | 11,491,336 | 59,281 |
| | Industria de Diseno Textil SA | 1,976,035 | 44,853 |
| * | Amadeus IT Group SA | 800,177 | 41,734 |
| 1 | Cellnex Telecom SA | 1,130,295 | 36,995 |
| | Telefonica SA | 9,579,253 | 33,022 |
| | Repsol SA | 2,358,007 | 32,080 |
| | CaixaBank SA | 8,092,320 | 26,835 |
| | Ferrovial SA | 881,337 | 21,538 |
| *,1 | Aena SME SA | 132,593 | 15,584 |
| | Red Electrica Corp. SA | 811,507 | 13,127 |
| | ACS Actividades de Construccion y Servicios SA | 396,684 | 10,179 |
| | Endesa SA | 591,911 | 9,890 |
| | Banco de Sabadell SA | 10,543,783 | 8,296 |
| | Bankinter SA | 1,287,429 | 7,788 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Acciona SA | 43,191 | 7,777 |
| | Enagas SA | 466,242 | 7,569 |
| * | Siemens Gamesa Renewable Energy SA | 417,550 | 7,403 |
| | Naturgy Energy Group SA | 272,037 | 6,981 |
| * | Grifols SA | 664,085 | 5,650 |
| | Merlin Properties Socimi SA | 624,560 | 5,294 |
| | Viscofan SA | 73,109 | 4,353 |
| | Corp. ACCIONA Energias Renovables SA | 107,617 | 4,232 |
| | Inmobiliaria Colonial Socimi SA | 642,436 | 3,388 |
| | Acerinox SA | 379,108 | 3,323 |
| | Mapfre SA | 1,839,697 | 3,155 |
| | Fluidra SA | 209,706 | 2,848 |
| | Grupo Catalana Occidente SA | 98,901 | 2,686 |
| * | Grifols SA Preference Shares | 413,636 | 2,587 |
| | Vidrala SA | 33,676 | 2,574 |
| | Cia de Distribucion Integral Logista Holdings SA | 119,096 | 2,463 |
| | CIE Automotive SA | 93,280 | 2,376 |
| | Ebro Foods SA | 144,182 | 2,248 |
| | Faes Farma SA | 573,951 | 2,166 |
| | Indra Sistemas SA | 231,492 | 2,070 |
| 1 | Unicaja Banco SA | 2,321,432 | 2,058 |
| | Laboratorios Farmaceuticos Rovi SA | 40,113 | 1,824 |
| | Sacyr SA (XMAD) | 726,413 | 1,782 |
| * | Solaria Energia y Medio Ambiente SA | 112,002 | 1,771 |
| | Applus Services SA | 258,930 | 1,529 |
| | Pharma Mar SA | 24,277 | 1,455 |
| | Almirall SA | 133,554 | 1,244 |
| | Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 1,315,978 | 1,233 |
| | Corp. Financiera Alba SA | 27,132 | 1,206 |
| 1 | Gestamp Automocion SA | 280,272 | 987 |
| | Construcciones y Auxiliar de Ferrocarriles SA | 35,669 | 931 |
| * | Melia Hotels International SA | 187,486 | 872 |
| | Prosegur Cia de Seguridad SA | 451,606 | 841 |
| | Ence Energia y Celulosa SA | 240,228 | 823 |
| 1 | Global Dominion Access SA | 210,519 | 773 |
| | Fomento de Construcciones y Contratas SA | 82,665 | 689 |
| 1 | Neinor Homes SA | 75,055 | 600 |
| 1 | Aedas Homes SA | 37,947 | 492 |
| | Atresmedia Corp. de Medios de Comunicacion SA | 167,833 | 484 |
| | | Shares | Market
Value•
($000) |
| | Lar Espana Real Estate Socimi SA | 105,852 | 412 |
| 1 | Prosegur Cash SA | 674,334 | 406 |
| *,2 | Tecnicas Reunidas SA | 52,270 | 373 |
| * | Mediaset Espana Comunicacion SA | 101,036 | 314 |
| * | Distribuidora Internacional de Alimentacion SA | 24,007,470 | 292 |
| * | NH Hotel Group SA (XMAD) | 51,716 | 138 |
| | | | 660,880 |
| Sweden (5.5%) |
| | Investor AB Class B | 3,707,287 | 60,505 |
| | Atlas Copco AB Class A | 4,799,128 | 51,222 |
| | Volvo AB Class B | 2,866,102 | 46,909 |
| | Assa Abloy AB Class B | 1,725,220 | 34,836 |
| | Hexagon AB Class B | 3,496,266 | 34,564 |
| | Sandvik AB | 2,026,839 | 31,673 |
| | Telefonaktiebolaget LM Ericsson Class B | 5,665,828 | 31,498 |
| | Swedish Match AB | 2,777,104 | 28,562 |
| | Skandinaviska Enskilda Banken AB Class A | 2,683,151 | 28,289 |
| | Swedbank AB Class A | 1,891,297 | 28,196 |
| 1 | Evolution AB | 300,801 | 28,060 |
| | Atlas Copco AB Class B | 2,789,307 | 26,976 |
| | Svenska Handelsbanken AB Class A | 2,815,489 | 26,159 |
| | Essity AB Class B | 1,144,343 | 24,178 |
| | Nibe Industrier AB Class B | 2,733,516 | 21,805 |
| | Epiroc AB Class A | 1,186,887 | 18,169 |
| | H & M Hennes & Mauritz AB Class B | 1,648,591 | 16,605 |
| | Boliden AB | 515,307 | 14,986 |
| | Alfa Laval AB | 582,744 | 14,344 |
| | Svenska Cellulosa AB SCA Class B | 1,134,299 | 13,382 |
| | Telia Co. AB | 4,810,124 | 12,746 |
| | Investor AB Class A | 722,943 | 12,293 |
| | SKF AB Class B | 727,909 | 10,537 |
| | EQT AB | 535,116 | 10,531 |
| | Skanska AB Class B | 675,722 | 10,508 |
| | Industrivarden AB Class A | 459,411 | 10,405 |
| | Trelleborg AB Class B | 444,320 | 9,783 |
| | Epiroc AB Class B | 696,342 | 9,350 |
| | Indutrade AB | 527,172 | 9,230 |
| | Getinge AB Class B | 419,155 | 8,506 |
| | Tele2 AB Class B | 1,035,246 | 8,485 |
| | Securitas AB Class B | 916,906 | 7,492 |
| | Beijer Ref AB Class B | 462,557 | 7,171 |
| | Holmen AB Class B | 180,094 | 6,536 |
| | Industrivarden AB Class C | 283,634 | 6,369 |
| | Lifco AB Class B | 426,535 | 6,163 |
| | Volvo AB Class A | 360,509 | 6,158 |
| * | Swedish Orphan Biovitrum AB | 333,453 | 6,142 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Saab AB Class B | 171,404 | 6,056 |
| | SSAB AB Class B | 1,286,458 | 5,977 |
| | Sagax AB Class B | 321,887 | 5,932 |
| | Kinnevik AB Class B | 453,153 | 5,598 |
| | L E Lundbergforetagen AB Class B | 139,698 | 5,514 |
| | Castellum AB | 482,234 | 5,514 |
| | BillerudKorsnas AB | 398,193 | 5,141 |
| | Electrolux AB Class B | 413,103 | 5,097 |
| | Axfood AB | 202,952 | 5,025 |
| | Hexatronic Group AB | 369,963 | 5,007 |
| | AAK AB | 328,064 | 4,782 |
| | Husqvarna AB Class B | 792,750 | 4,707 |
| | Avanza Bank Holding AB | 233,100 | 4,650 |
| | Hexpol AB | 468,951 | 4,629 |
| | Investment AB Latour Class B | 271,081 | 4,579 |
| * | Fastighets AB Balder Class B | 1,145,624 | 4,300 |
| | AddTech AB Class B | 353,260 | 4,269 |
| * | Volvo Car AB Class B | 1,005,060 | 4,266 |
| | Nordnet AB publ | 320,021 | 3,964 |
| | Loomis AB Class B | 137,864 | 3,860 |
| 1 | Thule Group AB | 194,877 | 3,839 |
| 1 | Bravida Holding AB | 381,836 | 3,577 |
| 1 | Dometic Group AB | 603,971 | 3,458 |
| | Fabege AB | 474,337 | 3,444 |
| | Elekta AB Class B | 676,308 | 3,438 |
| | Wihlborgs Fastigheter AB | 501,292 | 3,284 |
| | Sectra AB | 245,130 | 3,250 |
| | Lagercrantz Group AB Class B | 370,352 | 3,172 |
| | Sweco AB Class B | 377,256 | 2,835 |
| *,1 | Sinch AB | 1,150,515 | 2,701 |
| * | Nordic Entertainment Group AB Class B | 142,565 | 2,603 |
| | AFRY AB | 181,460 | 2,437 |
| | Samhallsbyggnadsbolaget i Norden AB | 1,714,556 | 2,356 |
| | Hufvudstaden AB Class A | 197,571 | 2,354 |
| | Wallenstam AB Class B | 618,869 | 2,183 |
| * | Pandox AB Class B | 169,564 | 2,076 |
| | Biotage AB | 125,686 | 2,063 |
| | Mycronic AB | 131,394 | 2,062 |
| | Nyfosa AB | 340,129 | 2,033 |
| | Bure Equity AB | 104,815 | 2,023 |
| | Vitrolife AB | 122,560 | 1,981 |
| | Peab AB Class B | 376,546 | 1,954 |
| | SSAB AB Class A | 405,767 | 1,952 |
| | Catena AB | 57,144 | 1,941 |
| | AddNode Group AB | 220,359 | 1,917 |
| | Storskogen Group AB Class B | 2,613,131 | 1,908 |
| | AddLife AB Class B | 202,292 | 1,891 |
| | JM AB | 125,504 | 1,890 |
| | Intrum AB | 147,772 | 1,859 |
| | Instalco AB | 436,897 | 1,753 |
| | Modern Times Group MTG AB Shares B | 228,457 | 1,713 |
| | Electrolux Professional AB Class B | 432,666 | 1,633 |
| | | Shares | Market
Value•
($000) |
| | Arjo AB Class B | 408,455 | 1,629 |
| * | Stillfront Group AB | 836,033 | 1,627 |
| | Vitec Software Group AB Class B | 44,243 | 1,623 |
| | Betsson AB Class B | 220,792 | 1,606 |
| 1 | Munters Group AB | 200,907 | 1,567 |
| | Bilia AB Class A | 133,954 | 1,419 |
| | Nolato AB Class B | 336,552 | 1,419 |
| | Hemnet Group AB | 113,029 | 1,404 |
| | NCC AB Class B | 168,207 | 1,402 |
| | Lindab International AB | 130,990 | 1,393 |
| * | Alleima AB | 405,536 | 1,382 |
| | HMS Networks AB | 53,652 | 1,380 |
| * | Truecaller AB Class B | 376,998 | 1,380 |
| | Medicover AB Class B | 110,488 | 1,368 |
| | Ratos AB Class B | 363,982 | 1,362 |
| | Granges AB | 199,734 | 1,350 |
| | Mips AB | 40,615 | 1,314 |
| | Cibus Nordic Real Estate AB | 89,131 | 1,217 |
| | Concentric AB | 73,057 | 1,210 |
| | Atrium Ljungberg AB Class B | 86,959 | 1,163 |
| * | Cint Group AB | 213,857 | 1,126 |
| | Beijer Alma AB | 80,207 | 1,121 |
| * | Sdiptech AB Class B | 54,746 | 1,056 |
| | Dios Fastigheter AB | 160,320 | 1,053 |
| | Bufab AB | 52,895 | 1,000 |
| | Troax Group AB | 65,968 | 979 |
| | INVISIO AB | 61,682 | 915 |
| * | Camurus AB | 38,188 | 886 |
| | NP3 Fastigheter AB | 54,334 | 863 |
| *,1,2 | Boozt AB | 115,357 | 841 |
| *,1 | Scandic Hotels Group AB | 249,825 | 792 |
| | SkiStar AB | 81,193 | 777 |
| | Systemair AB | 144,427 | 764 |
| | Corem Property Group AB Class B | 1,214,954 | 756 |
| | Mekonomen AB | 78,377 | 741 |
| | Cloetta AB Class B | 385,780 | 705 |
| | Platzer Fastigheter Holding AB Class B | 104,256 | 646 |
| | Investment AB Oresund | 58,034 | 602 |
| 1 | Resurs Holding AB | 271,172 | 589 |
| | Sagax AB Class D | 222,835 | 537 |
| | Fagerhult AB | 132,971 | 530 |
| | Clas Ohlson AB Class B | 77,401 | 517 |
| 2 | Svenska Handelsbanken AB Class B | 46,613 | 510 |
| | Bonava AB Class B | 157,980 | 462 |
| | Samhallsbyggnadsbolaget i Norden AB Class D | 278,624 | 458 |
| | Corem Property Group AB Preference Shares | 23,316 | 456 |
| *,1 | Attendo AB | 203,399 | 420 |
| * | Collector Bank AB | 165,924 | 406 |
| | Telefonaktiebolaget LM Ericsson Class A | 65,897 | 391 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Skandinaviska Enskilda Banken AB Class C | 32,649 | 372 |
| | Volati AB | 40,524 | 371 |
| | Nobia AB | 219,718 | 366 |
| * | BHG Group AB | 178,441 | 299 |
| | Svenska Cellulosa AB SCA Class A | 23,026 | 278 |
| *,2 | BICO Group AB Class B | 60,483 | 232 |
| | Husqvarna AB Class A | 19,544 | 117 |
| | NCC AB Class A | 8,396 | 90 |
| | | | 967,009 |
| Switzerland (15.0%) |
| | Nestle SA (Registered) | 5,070,846 | 552,006 |
| | Roche Holding AG | 1,328,953 | 440,944 |
| | Novartis AG (Registered) | 3,853,535 | 311,715 |
| | Zurich Insurance Group AG | 279,039 | 118,919 |
| | Cie Financiere Richemont SA Class A (Registered) | 960,865 | 93,909 |
| | UBS Group AG (Registered) | 5,743,426 | 91,057 |
| | ABB Ltd. (Registered) | 2,859,998 | 79,423 |
| | Lonza Group AG (Registered) | 139,182 | 71,649 |
| | Sika AG (Registered) | 287,565 | 64,839 |
| | Alcon Inc. | 865,557 | 52,700 |
| | Givaudan SA (Registered) | 17,355 | 51,838 |
| | Holcim Ltd. | 1,026,077 | 46,617 |
| | Swiss Re AG | 542,945 | 40,333 |
| | Partners Group Holding AG | 42,165 | 37,847 |
| | Geberit AG (Registered) | 65,079 | 28,930 |
| | Swiss Life Holding AG (Registered) | 57,144 | 27,670 |
| | SGS SA (Registered) | 11,081 | 24,428 |
| | Swisscom AG (Registered) | 47,785 | 23,596 |
| | Sonova Holding AG (Registered) | 96,682 | 22,852 |
| | Credit Suisse Group AG (Registered) | 4,926,355 | 20,407 |
| | Chocoladefabriken Lindt & Spruengli AG (Registered) | 208 | 20,215 |
| | Kuehne + Nagel International AG (Registered) | 94,252 | 20,063 |
| | Julius Baer Group Ltd. | 399,517 | 19,168 |
| | Straumann Holding AG | 200,476 | 19,080 |
| | Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf. | 1,794 | 17,217 |
| | SIG Combibloc Group AG | 716,343 | 13,770 |
| | Logitech International SA (Registered) | 273,562 | 13,605 |
| | | Shares | Market
Value•
($000) |
| | Roche Holding AG (Bearer) | 32,396 | 13,149 |
| | Swatch Group AG (Bearer) | 58,393 | 13,121 |
| | Barry Callebaut AG (Registered) | 6,688 | 12,653 |
| | Schindler Holding AG Ptg. Ctf. | 76,620 | 12,494 |
| | Baloise Holding AG (Registered) | 84,555 | 11,552 |
| | Swiss Prime Site AG (Registered) | 142,935 | 11,534 |
| 1 | VAT Group AG | 48,183 | 11,000 |
| | Adecco Group AG (Registered) | 299,695 | 9,379 |
| | Tecan Group AG (Registered) | 23,799 | 8,730 |
| | PSP Swiss Property AG (Registered) | 80,635 | 8,614 |
| | Georg Fischer AG | 154,314 | 8,547 |
| | EMS-Chemie Holding AG (Registered) | 13,395 | 8,423 |
| | Belimo Holding AG (Registered) | 17,330 | 7,059 |
| | Clariant AG (Registered) | 424,891 | 6,828 |
| | Temenos AG (Registered) | 113,180 | 6,741 |
| 1 | Galenica AG | 90,944 | 6,534 |
| | Helvetia Holding AG (Registered) | 65,735 | 6,528 |
| | Schindler Holding AG (Registered) | 35,427 | 5,577 |
| * | Flughafen Zurich AG (Registered) | 35,644 | 5,530 |
| | DKSH Holding AG | 67,035 | 4,836 |
| | Banque Cantonale Vaudoise (Registered) | 52,792 | 4,698 |
| | Siegfried Holding AG (Registered) | 7,592 | 4,519 |
| | Bachem Holding AG Class B | 57,770 | 4,142 |
| | Bucher Industries AG (Registered) | 12,150 | 4,097 |
| | Cembra Money Bank AG | 55,050 | 3,992 |
| | BKW AG | 33,866 | 3,951 |
| | Allreal Holding AG (Registered) | 27,196 | 3,896 |
| * | Dufry AG (Registered) | 116,483 | 3,843 |
| *,2 | Idorsia Ltd. | 226,146 | 3,501 |
| | Mobimo Holding AG (Registered) | 13,241 | 3,089 |
| | SFS Group AG | 32,634 | 2,951 |
| | Huber + Suhner AG (Registered) | 32,760 | 2,918 |
| | Vontobel Holding AG (Registered) | 51,770 | 2,913 |
| 2 | Stadler Rail AG | 98,960 | 2,912 |
| | Valiant Holding AG (Registered) | 29,559 | 2,895 |
| | Emmi AG (Registered) | 3,621 | 2,889 |
| | Inficon Holding AG (Registered) | 3,603 | 2,865 |
| | Landis+Gyr Group AG | 46,217 | 2,663 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | ams-OSRAM AG | 464,731 | 2,631 |
| | Swatch Group AG (Registered) | 61,111 | 2,553 |
| | Burckhardt Compression Holding AG | 5,890 | 2,548 |
| | Daetwyler Holding AG (Bearer) | 13,850 | 2,458 |
| * | Accelleron Industries AG | 144,402 | 2,449 |
| | St. Galler Kantonalbank AG (Registered) | 5,159 | 2,429 |
| *,2 | Meyer Burger Technology AG | 4,976,109 | 2,384 |
| | Softwareone Holding AG | 203,040 | 2,285 |
| | OC Oerlikon Corp. AG (Registered) | 344,049 | 2,222 |
| | Comet Holding AG (Registered) | 13,746 | 2,188 |
| | Interroll Holding AG (Registered) | 1,032 | 2,174 |
| | Sulzer AG (Registered) | 32,079 | 2,140 |
| | Forbo Holding AG (Registered) | 1,652 | 2,000 |
| * | Dottikon Es Holding AG (Registered) | 8,341 | 1,935 |
| | Swissquote Group Holding SA (Registered) | 16,002 | 1,895 |
| | dormakaba Holding AG | 5,657 | 1,796 |
| | Aryzta AG | 1,750,950 | 1,795 |
| | VZ Holding AG | 25,494 | 1,758 |
| *,1 | Sensirion Holding AG | 19,321 | 1,758 |
| | Kardex Holding AG (Registered) | 10,911 | 1,669 |
| | Komax Holding AG (Registered) | 6,632 | 1,557 |
| | LEM Holding SA (Registered) | 907 | 1,510 |
| | Bystronic AG | 2,404 | 1,381 |
| | u-blox Holding AG | 12,392 | 1,269 |
| | Intershop Holding AG | 2,049 | 1,246 |
| | Vifor Pharma AG | 6,667 | 1,192 |
| | SKAN Group AG | 19,484 | 1,182 |
| | EFG International AG | 143,252 | 1,172 |
| | Schweiter Technologies AG (Bearer) | 1,709 | 1,145 |
| | COSMO Pharmaceuticals NV | 18,503 | 1,081 |
| | Basilea Pharmaceutica AG (Registered) | 22,976 | 1,057 |
| * | Implenia AG (Registered) | 27,616 | 1,037 |
| 1 | Medacta Group SA | 11,437 | 1,028 |
| | Arbonia AG | 84,316 | 1,025 |
| | Ypsomed Holding AG (Registered) | 6,329 | 1,018 |
| | Bossard Holding AG (Registered) Class A | 5,011 | 995 |
| | Zehnder Group AG | 17,962 | 967 |
| | | Shares | Market
Value•
($000) |
| | Bell Food Group AG (Registered) | 3,505 | 855 |
| | ALSO Holding AG (Registered) | 5,310 | 835 |
| 1 | Medmix AG | 47,095 | 829 |
| | TX Group AG | 5,888 | 818 |
| 1 | PolyPeptide Group AG | 26,945 | 784 |
| | Leonteq AG | 19,045 | 768 |
| | Vetropack Holding AG Class A (Registered) | 23,823 | 762 |
| *,1 | Medartis Holding AG | 8,635 | 671 |
| | Hiag Immobilien Holding AG | 6,476 | 521 |
| | Autoneum Holding AG | 5,221 | 499 |
| | Rieter Holding AG (Registered) | 5,938 | 495 |
| *,1 | Montana Aerospace AG | 40,464 | 464 |
| * | Zur Rose Group AG | 16,225 | 438 |
| | VP Bank AG Class A | 4,416 | 383 |
| | APG SGA SA | 2,162 | 353 |
| | Bobst Group SA (Registered) | 5,420 | 333 |
| * | Swiss Steel Holding AG | 1,463,045 | 329 |
| | Aryzta AG (XSWX) | 24,200 | 25 |
| | | | 2,639,451 |
| United Kingdom (25.4%) |
| | Shell plc (XLON) | 12,577,939 | 348,429 |
| | AstraZeneca plc | 2,778,424 | 325,998 |
| | HSBC Holdings plc | 37,859,997 | 194,299 |
| | BP plc | 34,919,822 | 193,198 |
| | Diageo plc | 4,242,010 | 174,569 |
| | British American Tobacco plc | 4,213,526 | 166,407 |
| | Glencore plc | 24,612,192 | 141,103 |
| | GSK plc | 7,515,196 | 123,107 |
| | Unilever plc | 2,568,823 | 117,247 |
| | Rio Tinto plc | 2,046,319 | 106,944 |
| | Unilever plc (XLON) | 2,204,034 | 100,183 |
| | RELX plc | 3,486,070 | 93,638 |
| | Reckitt Benckiser Group plc | 1,345,024 | 89,261 |
| | National Grid plc | 6,851,749 | 74,651 |
| | Compass Group plc | 3,351,393 | 70,586 |
| | Anglo American plc | 2,270,076 | 67,998 |
| | Lloyds Banking Group plc | 128,557,423 | 61,742 |
| | London Stock Exchange Group plc | 688,392 | 59,671 |
| | BAE Systems plc | 5,933,377 | 55,498 |
| | Experian plc | 1,729,298 | 55,139 |
| | Vodafone Group plc | 47,202,303 | 55,104 |
| | CRH plc (XDUB) | 1,439,760 | 51,720 |
| | Barclays plc | 30,362,946 | 51,594 |
| | Prudential plc (XLON) | 5,169,668 | 48,025 |
| * | Flutter Entertainment plc (XDUB) | 330,481 | 43,802 |
| | Imperial Brands plc | 1,778,050 | 43,312 |
| | Ashtead Group plc | 830,640 | 43,271 |
| | Ferguson plc | 395,304 | 43,111 |
| | SSE plc | 2,008,499 | 35,894 |
| | Tesco plc | 13,915,686 | 34,370 |
| | Shell plc | 1,191,185 | 33,002 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Rentokil Initial plc | 4,782,720 | 29,845 |
| | Legal & General Group plc | 11,145,243 | 29,816 |
| * | Haleon plc | 9,395,535 | 28,811 |
| | Standard Chartered plc | 4,594,016 | 27,448 |
| | NatWest Group plc | 9,559,037 | 25,745 |
| | Aviva plc | 5,257,465 | 25,218 |
| | 3i Group plc | 1,792,526 | 23,874 |
| | Bunzl plc | 634,756 | 20,684 |
| | Segro plc | 2,258,378 | 20,325 |
| | Croda International plc | 253,386 | 19,630 |
| | BT Group plc | 13,067,122 | 19,473 |
| | Smith & Nephew plc | 1,640,683 | 19,388 |
| | InterContinental Hotels Group plc | 346,234 | 18,603 |
| | WPP plc | 1,996,472 | 17,569 |
| | Halma plc | 713,028 | 17,290 |
| | Informa plc | 2,711,145 | 17,275 |
| | Spirax-Sarco Engineering plc | 138,450 | 17,062 |
| | Smurfit Kappa Group plc | 483,476 | 15,946 |
| | Entain plc | 1,101,857 | 15,940 |
| | Sage Group plc | 1,903,246 | 15,863 |
| | Burberry Group plc | 740,208 | 15,424 |
| | Mondi plc (XLON) | 911,538 | 15,294 |
| | Pearson plc | 1,382,513 | 15,281 |
| * | Rolls-Royce Holdings plc | 15,742,748 | 14,119 |
| | United Utilities Group plc | 1,273,152 | 13,720 |
| | Severn Trent plc | 471,233 | 13,524 |
| | Next plc | 232,898 | 13,154 |
| | Intertek Group plc | 302,201 | 12,660 |
| | Admiral Group plc | 535,709 | 12,389 |
| | St. James's Place plc | 1,006,213 | 12,287 |
| | Smiths Group plc | 681,644 | 12,210 |
| | Whitbread plc | 381,044 | 11,215 |
| 1 | Auto Trader Group plc | 1,736,912 | 10,397 |
| | DCC plc | 184,505 | 10,240 |
| | Associated British Foods plc | 654,550 | 10,145 |
| | Melrose Industries plc | 7,561,242 | 10,143 |
| | Centrica plc | 11,114,785 | 9,767 |
| | Electrocomponents plc | 886,616 | 9,756 |
| | M&G plc | 4,765,528 | 9,577 |
| | Kingfisher plc | 3,723,594 | 9,355 |
| | Persimmon plc | 597,194 | 8,936 |
| | Rightmove plc | 1,570,948 | 8,846 |
| | Land Securities Group plc | 1,343,873 | 8,787 |
| | Antofagasta plc | 651,207 | 8,775 |
| | Phoenix Group Holdings plc | 1,381,992 | 8,601 |
| | Weir Group plc | 487,048 | 8,486 |
| | Barratt Developments plc | 1,912,580 | 8,249 |
| | Beazley plc | 1,130,321 | 8,106 |
| | Coca-Cola HBC AG | 369,356 | 8,068 |
| | DS Smith plc | 2,407,444 | 8,029 |
| | AVEVA Group plc | 223,901 | 8,013 |
| 1 | ConvaTec Group plc | 3,055,814 | 7,646 |
| | Berkeley Group Holdings plc | 191,975 | 7,638 |
| | | Shares | Market
Value•
($000) |
| | Johnson Matthey plc | 339,545 | 7,537 |
| | Abrdn plc | 4,039,831 | 7,361 |
| | British Land Co. plc | 1,738,589 | 7,293 |
| | J Sainsbury plc | 3,240,217 | 7,223 |
| | Taylor Wimpey plc | 6,602,680 | 7,099 |
| | HomeServe plc | 518,022 | 7,051 |
| | Spectris plc | 198,992 | 6,897 |
| | IMI plc | 486,857 | 6,858 |
| | IG Group Holdings plc | 751,422 | 6,854 |
| * | Wise plc Class A | 873,770 | 6,655 |
| | B&M European Value Retail SA | 1,761,936 | 6,511 |
| | Hiscox Ltd. | 630,487 | 6,495 |
| | Diploma plc | 228,199 | 6,491 |
| | Intermediate Capital Group plc | 523,644 | 6,376 |
| | Investec plc | 1,249,869 | 6,264 |
| | Dechra Pharmaceuticals plc | 207,865 | 6,249 |
| | Hargreaves Lansdown plc | �� 709,852 | 6,204 |
| | UNITE Group plc | 598,955 | 6,118 |
| | Tate & Lyle plc | 754,372 | 6,062 |
| | Harbour Energy plc | 1,396,199 | 6,059 |
| | Inchcape plc | 706,569 | 6,028 |
| | Endeavour Mining plc | 344,970 | 6,000 |
| | Man Group plc | 2,393,107 | 5,953 |
| | Howden Joinery Group plc | 1,001,627 | 5,900 |
| * | Ocado Group plc | 1,082,879 | 5,871 |
| | Direct Line Insurance Group plc | 2,489,471 | 5,752 |
| | Tritax Big Box REIT plc | 3,515,807 | 5,653 |
| | Schroders plc | 1,235,330 | 5,547 |
| | ITV plc | 7,033,466 | 5,415 |
| | JD Sports Fashion plc | 4,621,728 | 5,164 |
| | Bellway plc | 232,971 | 4,955 |
| | Rotork plc | 1,631,238 | 4,781 |
| | Derwent London plc | 190,848 | 4,723 |
| | Pennon Group plc | 488,601 | 4,695 |
| | Games Workshop Group plc | 61,449 | 4,511 |
| | Drax Group plc | 752,960 | 4,496 |
| * | Indivior plc | 236,623 | 4,482 |
| * | Marks & Spencer Group plc | 3,670,141 | 4,445 |
| | QinetiQ Group plc | 1,071,620 | 4,417 |
| | Hikma Pharmaceuticals plc | 303,388 | 4,355 |
| | Greggs plc | 187,781 | 4,353 |
| | Energean plc | 256,909 | 4,223 |
| | Serco Group plc | 2,236,636 | 4,183 |
| | Britvic plc | 496,384 | 4,146 |
| | Mediclinic International plc | 723,767 | 4,117 |
| | Big Yellow Group plc | 319,846 | 4,116 |
| | Safestore Holdings plc | 385,013 | 3,989 |
| | LXI REIT plc | 2,837,751 | 3,962 |
| | Balfour Beatty plc | 1,148,435 | 3,935 |
| *,1 | Watches of Switzerland Group plc | 436,988 | 3,896 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | LondonMetric Property plc | 1,788,943 | 3,836 |
| | Royal Mail plc | 1,646,686 | 3,809 |
| | Travis Perkins plc | 401,553 | 3,785 |
| | Virgin Money UK plc | 2,341,736 | 3,650 |
| | Plus500 Ltd. | 176,298 | 3,647 |
| | Hays plc | 2,875,475 | 3,625 |
| | Genus plc | 123,693 | 3,615 |
| | Grainger plc | 1,387,868 | 3,609 |
| * | Oxford Nanopore Technologies plc | 1,186,346 | 3,574 |
| | Assura plc | 5,459,385 | 3,498 |
| * | SSP Group plc | 1,487,667 | 3,459 |
| *,2 | TUI AG | 2,275,209 | 3,434 |
| * | Playtech plc | 574,030 | 3,411 |
| | Cranswick plc | 99,150 | 3,385 |
| | Spirent Communications plc | 1,125,853 | 3,342 |
| | Euromoney Institutional Investor plc | 200,370 | 3,328 |
| | OSB Group plc | 696,845 | 3,321 |
| *,1 | Network International Holdings plc | 880,958 | 3,299 |
| *,1 | Trainline plc | 863,672 | 3,287 |
| * | WH Smith plc | 237,162 | 3,206 |
| | TP ICAP Group plc | 1,500,732 | 3,165 |
| | Primary Health Properties plc | 2,469,445 | 3,146 |
| | Close Brothers Group plc | 278,852 | 3,142 |
| | Grafton Group plc | 394,763 | 3,125 |
| | Micro Focus International plc | 507,363 | 3,025 |
| | Computacenter plc | 145,485 | 3,019 |
| | Dr. Martens plc | 1,059,841 | 3,014 |
| | Telecom Plus plc | 123,168 | 2,994 |
| | Future plc | 213,451 | 2,991 |
| | Pets at Home Group plc | 898,011 | 2,969 |
| | Softcat plc | 230,809 | 2,966 |
| | Victrex plc | 153,918 | 2,923 |
| | Fresnillo plc | 347,346 | 2,904 |
| * | International Consolidated Airlines Group SA | 2,084,950 | 2,900 |
| 1 | Quilter plc | 2,580,221 | 2,860 |
| | Great Portland Estates plc | 476,436 | 2,809 |
| | Vistry Group plc | 404,813 | 2,801 |
| | Pagegroup plc | 579,839 | 2,797 |
| * | easyJet plc | 694,955 | 2,767 |
| | Supermarket Income REIT plc | 2,344,741 | 2,757 |
| * | Darktrace plc | 641,996 | 2,628 |
| | Airtel Africa plc | 2,024,800 | 2,621 |
| | Renishaw plc | 64,970 | 2,607 |
| | Lancashire Holdings Ltd. | 452,421 | 2,568 |
| | Rathbones Group plc | 117,792 | 2,532 |
| *,1 | Deliveroo plc Class A | 2,440,047 | 2,444 |
| | Savills plc | 251,475 | 2,376 |
| * | Frasers Group plc | 319,039 | 2,367 |
| * | Carnival plc | 295,519 | 2,348 |
| | Shaftesbury plc | 530,509 | 2,228 |
| | Oxford Instruments plc | 101,022 | 2,210 |
| | | Shares | Market
Value•
($000) |
| | Paragon Banking Group plc | 446,629 | 2,185 |
| | Diversified Energy Co. plc | 1,508,845 | 2,178 |
| | Mitie Group plc | 2,594,008 | 2,130 |
| | Dunelm Group plc | 214,548 | 2,130 |
| | Redrow plc | 436,196 | 2,099 |
| * | Helios Towers plc | 1,457,732 | 2,094 |
| | Centamin plc | 2,049,216 | 2,083 |
| * | IWG plc | 1,360,377 | 2,056 |
| * | S4 Capital plc | 1,012,369 | 2,039 |
| | Moneysupermarket.com Group plc | 960,081 | 2,020 |
| | Bodycote plc | 354,254 | 2,015 |
| 1 | JTC plc | 250,220 | 2,013 |
| | Ashmore Group plc | 848,368 | 2,009 |
| * | John Wood Group plc | 1,249,674 | 2,009 |
| | AJ Bell plc | 534,604 | 1,988 |
| * | National Express Group plc | 1,023,087 | 1,983 |
| 1 | Biffa plc | 418,683 | 1,970 |
| *,1 | Countryside Partnerships plc | 799,005 | 1,947 |
| | Coats Group plc | 2,710,884 | 1,881 |
| | Domino's Pizza Group plc | 722,128 | 1,868 |
| | Chemring Group plc | 532,855 | 1,847 |
| | Bank of Georgia Group plc | 72,097 | 1,759 |
| * | Ascential plc | 798,444 | 1,759 |
| | Capital & Counties Properties plc | 1,379,131 | 1,692 |
| | Firstgroup plc | 1,393,270 | 1,673 |
| | Redde Northgate plc | 437,341 | 1,673 |
| | Hill & Smith Holdings plc | 147,721 | 1,670 |
| | Sirius Real Estate Ltd. | 2,010,325 | 1,626 |
| * | Capricorn Energy plc | 567,735 | 1,613 |
| | Premier Foods plc | 1,330,108 | 1,581 |
| | IntegraFin Holdings plc | 534,997 | 1,543 |
| | Vesuvius plc | 396,755 | 1,541 |
| | Bytes Technology Group plc (XLON) | 371,277 | 1,529 |
| | Kainos Group plc | 107,144 | 1,521 |
| | Ninety One plc | 641,459 | 1,492 |
| | Clarkson plc | 47,058 | 1,489 |
| | Morgan Advanced Materials plc | 527,832 | 1,487 |
| * | Babcock International Group plc | 469,858 | 1,484 |
| | Hammerson plc | 6,725,629 | 1,474 |
| | Essentra plc | 558,903 | 1,439 |
| | Home REIT plc | 1,491,005 | 1,438 |
| | TBC Bank Group plc | 65,748 | 1,420 |
| | Morgan Sindall Group plc | 80,042 | 1,412 |
| * | Auction Technology Group plc | 164,649 | 1,409 |
| | Currys plc | 1,876,769 | 1,402 |
| * | C&C Group plc | 738,039 | 1,385 |
| | Workspace Group plc | 275,949 | 1,294 |
| *,1 | Spire Healthcare Group plc | 520,438 | 1,293 |
| 1 | Ibstock plc | 719,817 | 1,283 |
| | Just Group plc | 1,905,721 | 1,266 |
| | Marshalls plc | 437,053 | 1,265 |
European Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Genuit Group plc | 432,082 | 1,263 |
| 1 | Petershill Partners plc | 554,313 | 1,258 |
| | IP Group plc | 1,861,783 | 1,255 |
| | Volution Group plc | 353,927 | 1,253 |
| *,2 | Tullow Oil plc | 2,663,709 | 1,238 |
| | NCC Group plc | 538,668 | 1,232 |
| | Senior plc | 781,768 | 1,166 |
| | Liontrust Asset Management plc | 118,719 | 1,163 |
| | FDM Group Holdings plc | 158,237 | 1,142 |
| * | Elementis plc | 1,053,988 | 1,114 |
| 1 | Bridgepoint Group plc (Registered) | 484,460 | 1,107 |
| | Rhi Magnesita NV | 51,874 | 1,103 |
| * | THG plc Class B | 1,762,503 | 1,075 |
| * | Molten Ventures plc | 290,761 | 1,066 |
| | Crest Nicholson Holdings plc | 457,046 | 1,059 |
| | Picton Property Income Ltd. | 1,017,557 | 1,003 |
| 1 | TI Fluid Systems plc Class B | 604,524 | 960 |
| 1 | ContourGlobal plc | 330,078 | 956 |
| | Jupiter Fund Management plc | 801,873 | 954 |
| | UK Commercial Property REIT Ltd. | 1,352,231 | 947 |
| * | Petrofac Ltd. (XLON) | 761,894 | 941 |
| | Keller Group plc | 129,841 | 934 |
| | Hilton Food Group plc | 132,443 | 928 |
| | Provident Financial plc | 472,458 | 886 |
| | Synthomer plc | 684,270 | 885 |
| * | Capita plc | 3,169,441 | 882 |
| *,2 | ASOS plc | 134,856 | 868 |
| *,1,2 | Aston Martin Lagonda Global Holdings plc | 717,087 | 867 |
| | BMO Commercial Property Trust Ltd. | 892,756 | 855 |
| * | Moonpig Group plc | 527,761 | 830 |
| | Halfords Group plc | 410,678 | 829 |
| * | J D Wetherspoon plc | 157,708 | 819 |
| | PZ Cussons plc | 345,707 | 793 |
| * | PureTech Health plc | 291,054 | 773 |
| | AG Barr plc | 149,819 | 772 |
| *,1 | Trustpilot Group plc | 618,452 | 769 |
| | Greencore Group plc | 958,065 | 738 |
| | Wickes Group plc | 493,774 | 719 |
| *,1 | Wizz Air Holdings plc | 36,518 | 716 |
| | Helical plc | 188,757 | 714 |
| | Devro plc | 321,454 | 660 |
| | 888 Holdings plc | 615,246 | 655 |
| | Avon Protection plc | 53,724 | 640 |
| | Ferrexpo plc | 539,865 | 633 |
| | Micro Focus International plc ADR | 106,012 | 628 |
| * | Mitchells & Butlers plc | 464,897 | 620 |
| | | Shares | Market
Value•
($000) |
| | XP Power Ltd. | 28,668 | 577 |
| 1 | CMC Markets plc | 204,706 | 576 |
| * | Alphawave IP Group plc | 397,225 | 514 |
| * | Oxford Biomedica plc | 136,618 | 505 |
| * | Restaurant Group plc | 1,351,445 | 493 |
| | CLS Holdings plc | 284,865 | 468 |
| * | Marston's plc | 1,160,265 | 465 |
| * | SIG plc | 1,236,042 | 442 |
| *,2 | AO World plc | 836,548 | 429 |
| | Hochschild Mining plc | 585,142 | 358 |
| 1 | Alfa Financial Software Holdings plc | 172,288 | 298 |
| 1 | Bakkavor Group plc | 285,126 | 298 |
| * | Rank Group plc | 389,889 | 235 |
| 3 | Evraz plc | 1,326,266 | — |
| *,3 | NMC Health plc | 157,105 | — |
| *,1,3 | Finablr plc | 304,209 | — |
| *,3 | Carillion plc | 1,000,411 | — |
| | | | 4,447,140 |
| United States (0.0%) |
| | NortonLifeLock Inc. | 45 | 1 |
Total Common Stocks
(Cost $23,924,382) | 17,426,452 |
| Temporary Cash Investments (0.4%) |
| Money Market Fund (0.4%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $67,713) | 677,357 | 67,722 |
| Total Investments (99.7%) (Cost $23,992,095) | 17,494,174 |
| Other Assets and Liabilities—Net (0.3%) | 54,769 |
| Net Assets (100%) | 17,548,943 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $514,121,000, representing 2.9% of net assets. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $58,071,000. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $61,563,000 was received for securities on loan. |
| ADR—American Depositary Receipt. |
| GDR—Global Depositary Receipt. |
| Ptg. Ctf.—Participating Certificates. |
| REIT—Real Estate Investment Trust. |
European Stock Index Fund
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| Euro Stoxx 50 Index | December 2022 | 440 | 15,732 | 783 |
| FTSE 100 Index | December 2022 | 83 | 6,765 | 188 |
| MSCI Europe Index | December 2022 | 4,872 | 124,919 | (3,985) |
| | | | | (3,014) |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | Receive | Deliver |
| Morgan Stanley Capital Services Inc. | 12/21/22 | CHF | 1,389 | USD | 1,391 | 5 | — |
| UBS AG | 12/21/22 | EUR | 60,144 | USD | 60,422 | — | (721) |
| State Street Bank & Trust Co. | 12/21/22 | EUR | 31,765 | USD | 31,980 | — | (450) |
| Bank of America, N.A. | 12/21/22 | EUR | 30,376 | USD | 30,525 | — | (372) |
| JPMorgan Chase Bank, N.A. | 12/21/22 | EUR | 18,140 | USD | 18,249 | — | (243) |
| Royal Bank of Canada | 12/21/22 | EUR | 5,223 | USD | 5,278 | — | (93) |
| Toronto-Dominion Bank | 12/21/22 | EUR | 3,722 | USD | 3,686 | 8 | — |
| Morgan Stanley Capital Services Inc. | 12/21/22 | EUR | 3,471 | USD | 3,470 | — | (25) |
| Bank of America, N.A. | 12/21/22 | GBP | 16,082 | USD | 18,376 | 102 | — |
| Morgan Stanley Capital Services Inc. | 12/21/22 | GBP | 7,664 | USD | 8,300 | 505 | — |
| Royal Bank of Canada | 12/21/22 | GBP | 1,288 | USD | 1,488 | — | (8) |
| State Street Bank & Trust Co. | 12/21/22 | GBP | 1,131 | USD | 1,317 | — | (17) |
| State Street Bank & Trust Co. | 12/21/22 | USD | 32,508 | CHF | 31,736 | 609 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 31,229 | CHF | 30,491 | 581 | — |
| Royal Bank of Canada | 12/21/22 | USD | 973 | CHF | 959 | 9 | — |
| Morgan Stanley Capital Services Inc. | 12/21/22 | USD | 6,939 | DKK | 51,596 | 59 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 18,416 | EUR | 18,988 | — | (431) |
| Bank of America, N.A. | 12/21/22 | USD | 13,489 | EUR | 13,832 | — | (242) |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 5,109 | EUR | 5,071 | 75 | — |
| Royal Bank of Canada | 12/21/22 | USD | 3,266 | EUR | 3,357 | — | (66) |
| Bank of Montreal | 12/21/22 | USD | 3,056 | EUR | 3,116 | — | (37) |
| Standard Chartered Bank | 12/21/22 | USD | 2,744 | EUR | 2,733 | 31 | — |
| Standard Chartered Bank | 12/21/22 | USD | 2,154 | EUR | 2,204 | — | (34) |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 16,026 | GBP | 14,870 | — | (1,059) |
| Bank of America, N.A. | 12/21/22 | USD | 7,232 | GBP | 6,252 | 49 | — |
| BNP Paribas | 12/21/22 | USD | 6,174 | GBP | 5,264 | 125 | — |
| Bank of America, N.A. | 12/21/22 | USD | 4,139 | GBP | 3,721 | — | (137) |
European Stock Index Fund
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | Receive | Deliver |
| HSBC Bank plc | 12/21/22 | USD | 2,714 | NOK | 27,126 | 100 | — |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 4,182 | SEK | 44,819 | 104 | — |
| | | | | | | 2,362 | (3,935) |
| CHF—Swiss franc. |
| DKK—Danish krone. |
| EUR—euro. |
| GBP—British pound. |
| NOK—Norwegian krone. |
| SEK—Swedish krona. |
| USD—U.S. dollar. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $461,000 and cash of $1,060,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
Statement of Assets and Liabilities
|
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $23,924,382) | 17,426,452 |
| Affiliated Issuers (Cost $67,713) | 67,722 |
| Total Investments in Securities | 17,494,174 |
| Investment in Vanguard | 671 |
| Cash | 1,966 |
| Cash Collateral Pledged—Futures Contracts | 14,753 |
| Cash Collateral Pledged—Forward Currency Contracts | 1,150 |
| Foreign Currency, at Value (Cost $2,219) | 2,400 |
| Receivables for Investment Securities Sold | 841 |
| Receivables for Accrued Income | 104,998 |
| Receivables for Capital Shares Issued | 2,695 |
| Variation Margin Receivable—Futures Contracts | 468 |
| Unrealized Appreciation—Forward Currency Contracts | 2,362 |
| Total Assets | 17,626,478 |
| Liabilities | |
| Payables for Investment Securities Purchased | 5,621 |
| Collateral for Securities on Loan | 61,563 |
| Payables to Vanguard | 6,416 |
| Unrealized Depreciation—Forward Currency Contracts | 3,935 |
| Total Liabilities | 77,535 |
| Net Assets | 17,548,943 |
| 1 Includes $58,071 of securities on loan. | |
European Stock Index Fund
Statement of Assets and Liabilities (continued)
|
| At October 31, 2022, net assets consisted of: | |
| ($000s, except shares and per-share amounts) | Amount |
| Paid-in Capital | 26,003,143 |
| Total Distributable Earnings (Loss) | (8,454,200) |
| Net Assets | 17,548,943 |
| |
| Investor Shares—Net Assets | |
Applicable to 450,910 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 12,100 |
| Net Asset Value Per Share—Investor Shares | $26.83 |
| |
| ETF Shares—Net Assets | |
Applicable to 261,733,842 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 13,073,033 |
| Net Asset Value Per Share—ETF Shares | $49.95 |
| |
| Admiral Shares—Net Assets | |
Applicable to 59,957,585 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 3,745,279 |
| Net Asset Value Per Share—Admiral Shares | $62.47 |
| |
| Institutional Shares—Net Assets | |
Applicable to 24,360,034 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 648,867 |
| Net Asset Value Per Share—Institutional Shares | $26.64 |
| |
| Institutional Plus Shares—Net Assets | |
Applicable to 585,339 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 69,664 |
| Net Asset Value Per Share—Institutional Plus Shares | $119.02 |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
|
| | Year Ended
October 31, 2022 |
| | ($000) |
| Investment Income | |
| Income | |
| Dividends1 | 801,411 |
| Interest2 | 270 |
| Securities Lending—Net | 3,874 |
| Total Income | 805,555 |
| Expenses | |
| The Vanguard Group—Note B | |
| Investment Advisory Services | 1,447 |
| Management and Administrative—Investor Shares | 32 |
| Management and Administrative—ETF Shares | 9,178 |
| Management and Administrative—Admiral Shares | 3,070 |
| Management and Administrative—Institutional Shares | 410 |
| Management and Administrative—Institutional Plus Shares | 39 |
| Marketing and Distribution—Investor Shares | 2 |
| Marketing and Distribution—ETF Shares | 741 |
| Marketing and Distribution—Admiral Shares | 166 |
| Marketing and Distribution—Institutional Shares | 21 |
| Marketing and Distribution—Institutional Plus Shares | 1 |
| Custodian Fees | 1,122 |
| Auditing Fees | 45 |
| Shareholders’ Reports—Investor Shares | 5 |
| Shareholders’ Reports—ETF Shares | 191 |
| Shareholders’ Reports—Admiral Shares | 110 |
| Shareholders’ Reports—Institutional Shares | 2 |
| Shareholders’ Reports—Institutional Plus Shares | — |
| Trustees’ Fees and Expenses | 9 |
| Professional Services | 9,110 |
| Other Expenses | 29 |
| Total Expenses | 25,730 |
| Expenses Paid Indirectly | (237) |
| Net Expenses | 25,493 |
| Net Investment Income | 780,062 |
| Realized Net Gain (Loss) | |
| Investment Securities Sold2,3 | 159,592 |
| Futures Contracts | (21,893) |
| Forward Currency Contracts | (18,337) |
| Foreign Currencies | (9,733) |
| Realized Net Gain (Loss) | 109,629 |
European Stock Index Fund
| Statement of Operations (continued) |
| | Year Ended
October 31, 2022 |
| | ($000) |
| Change in Unrealized Appreciation (Depreciation) | |
| Investment Securities2 | (7,545,713) |
| Futures Contracts | (7,073) |
| Forward Currency Contracts | 2,618 |
| Foreign Currencies | (11,693) |
| Change in Unrealized Appreciation (Depreciation) | (7,561,861) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (6,672,170) |
| | |
| 1 | Dividends include foreign tax reclaims of $66,066,000 and are net of foreign withholding taxes of $88,924,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $168,000, ($37,000), $1,000, and $8,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | Includes $996,216,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| | | |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 780,062 | 688,146 |
| Realized Net Gain (Loss) | 109,629 | (233,500) |
| Change in Unrealized Appreciation (Depreciation) | (7,561,861) | 6,552,030 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (6,672,170) | 7,006,676 |
| Distributions | | |
| Investor Shares | (674) | (669) |
| ETF Shares | (630,711) | (493,410) |
| Admiral Shares | (158,688) | (133,268) |
| Institutional Shares | (26,630) | (22,925) |
| Institutional Plus Shares | (3,251) | (2,736) |
| Total Distributions | (819,954) | (653,008) |
| Capital Share Transactions | | |
| Investor Shares | (8,310) | 489 |
| ETF Shares | (2,702,159) | 5,282,588 |
| Admiral Shares | (69,438) | 17,451 |
| Institutional Shares | 29,736 | (118,833) |
| Institutional Plus Shares | (6,120) | 8,237 |
| Net Increase (Decrease) from Capital Share Transactions | (2,756,291) | 5,189,932 |
| Total Increase (Decrease) | (10,248,415) | 11,543,600 |
| Net Assets | | |
| Beginning of Period | 27,797,358 | 16,253,758 |
| End of Period | 17,548,943 | 27,797,358 |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
| Investor Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $36.88 | $26.63 | $29.84 | $27.85 | $31.44 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.057 | .982 | .627 | 1.053 | .968 |
| Net Realized and Unrealized Gain (Loss) on Investments | (10.041) | 10.174 | (3.221) | 1.913 | (3.572) |
| Total from Investment Operations | (8.984) | 11.156 | (2.594) | 2.966 | (2.604) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.066) | (.906) | (.616) | (.976) | (.986) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.066) | (.906) | (.616) | (.976) | (.986) |
| Net Asset Value, End of Period | $26.83 | $36.88 | $26.63 | $29.84 | $27.85 |
| Total Return2 | -24.66% | 42.12% | -8.68% | 10.90% | -8.53% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $12 | $27 | $19 | $25 | $543 |
| Ratio of Total Expenses to Average Net Assets | 0.25%3 | 0.23% | 0.23% | 0.23% | 0.23% |
| Ratio of Net Investment Income to Average Net Assets | 3.28% | 2.82% | 2.23% | 3.72% | 3.14% |
| Portfolio Turnover Rate4 | 5% | 3% | 3% | 3% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.25%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
| FTSE Europe ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $68.65 | $49.57 | $55.54 | $51.84 | $58.54 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.977 | 1.922 | 1.247 | 1.854 | 1.912 |
| Net Realized and Unrealized Gain (Loss) on Investments | (18.595) | 18.939 | (5.990) | 3.744 | (6.689) |
| Total from Investment Operations | (16.618) | 20.861 | (4.743) | 5.598 | (4.777) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.082) | (1.781) | (1.227) | (1.898) | (1.923) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.082) | (1.781) | (1.227) | (1.898) | (1.923) |
| Net Asset Value, End of Period | $49.95 | $68.65 | $49.57 | $55.54 | $51.84 |
| Total Return | -24.54% | 42.34% | -8.50% | 11.08% | -8.44% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $13,073 | $21,547 | $11,659 | $13,067 | $14,624 |
| Ratio of Total Expenses to Average Net Assets | 0.11%2 | 0.08% | 0.08% | 0.08% | 0.09% |
| Ratio of Net Investment Income to Average Net Assets | 3.33% | 2.95% | 2.38% | 3.50% | 3.28% |
| Portfolio Turnover Rate3 | 5% | 3% | 3% | 3% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.11%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
| Admiral Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $85.88 | $62.01 | $69.48 | $64.84 | $73.23 |
| Investment Operations | | | | | |
| Net Investment Income1 | 2.431 | 2.375 | 1.553 | 2.298 | 2.353 |
| Net Realized and Unrealized Gain (Loss) on Investments | (23.251) | 23.705 | (7.502) | 4.693 | (8.338) |
| Total from Investment Operations | (20.820) | 26.080 | (5.949) | 6.991 | (5.985) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.590) | (2.210) | (1.521) | (2.351) | (2.405) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.590) | (2.210) | (1.521) | (2.351) | (2.405) |
| Net Asset Value, End of Period | $62.47 | $85.88 | $62.01 | $69.48 | $64.84 |
| Total Return2 | -24.56% | 42.30% | -8.55% | 11.05% | -8.43% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $3,745 | $5,259 | $3,795 | $4,671 | $4,174 |
| Ratio of Total Expenses to Average Net Assets | 0.13%3 | 0.10% | 0.10% | 0.10% | 0.10% |
| Ratio of Net Investment Income to Average Net Assets | 3.30% | 2.93% | 2.37% | 3.47% | 3.27% |
| Portfolio Turnover Rate4 | 5% | 3% | 3% | 3% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.13%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $36.62 | $26.44 | $29.63 | $27.65 | $31.23 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.043 | 1.019 | .667 | .993 | 1.014 |
| Net Realized and Unrealized Gain (Loss) on Investments | (9.912) | 10.110 | (3.203) | 1.998 | (3.564) |
| Total from Investment Operations | (8.869) | 11.129 | (2.536) | 2.991 | (2.550) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.111) | (.949) | (.654) | (1.011) | (1.030) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.111) | (.949) | (.654) | (1.011) | (1.030) |
| Net Asset Value, End of Period | $26.64 | $36.62 | $26.44 | $29.63 | $27.65 |
| Total Return | -24.53% | 42.34% | -8.54% | 11.09% | -8.42% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $649 | $859 | $710 | $870 | $760 |
| Ratio of Total Expenses to Average Net Assets | 0.11%2 | 0.08% | 0.08% | 0.08% | 0.08% |
| Ratio of Net Investment Income to Average Net Assets | 3.33% | 2.96% | 2.39% | 3.51% | 3.29% |
| Portfolio Turnover Rate3 | 5% | 3% | 3% | 3% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.11%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
| Institutional Plus Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $163.62 | $118.14 | $132.38 | $123.55 | $139.48 |
| Investment Operations | | | | | |
| Net Investment Income1 | 4.691 | 4.576 | 2.989 | 4.197 | 4.711 |
| Net Realized and Unrealized Gain (Loss) on Investments | (44.312) | 45.160 | (14.294) | 9.160 | (16.018) |
| Total from Investment Operations | (39.621) | 49.736 | (11.305) | 13.357 | (11.307) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (4.979) | (4.256) | (2.935) | (4.527) | (4.623) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (4.979) | (4.256) | (2.935) | (4.527) | (4.623) |
| Net Asset Value, End of Period | $119.02 | $163.62 | $118.14 | $132.38 | $123.55 |
| Total Return | -24.53% | 42.35% | -8.52% | 11.08% | -8.36% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $70 | $106 | $70 | $106 | $170 |
| Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.07% | 0.07% | 0.07% | 0.07% |
| Ratio of Net Investment Income to Average Net Assets | 3.34% | 2.95% | 2.40% | 3.34% | 3.30% |
| Portfolio Turnover Rate3 | 5% | 3% | 3% | 3% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
European Stock Index Fund
Notes to Financial Statements
Vanguard European Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers five classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Europe ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at October 31, 2022, the fund had a concentration of its investments in securities issued in United Kingdom, and the performance of such investments may be impacted by the country's social, political, and economic conditions. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in
European Stock Index Fund
the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
European Stock Index Fund
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 2% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple
European Stock Index Fund
Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund's understanding of the applicable countries' tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and professional services, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $671,000, representing less than 0.01% of the fund’s net assets and 0.27% of Vanguard’s capital
European Stock Index Fund
received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
| C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $237,000 (an annual rate of less than 0.01% of average net assets). |
| D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks | 629 | 17,425,481 | 342 | 17,426,452 |
| Temporary Cash Investments | 67,722 | — | — | 67,722 |
| Total | 68,351 | 17,425,481 | 342 | 17,494,174 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 971 | — | — | 971 |
| Forward Currency Contracts | — | 2,362 | — | 2,362 |
| Total | 971 | 2,362 | — | 3,333 |
| Liabilities | | | | |
| Futures Contracts1 | 3,985 | — | — | 3,985 |
| Forward Currency Contracts | — | 3,935 | — | 3,935 |
| Total | 3,985 | 3,935 | — | 7,920 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
European Stock Index Fund
| E. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 971 | — | 971 |
| Unrealized Appreciation—Forward Currency Contracts | — | 2,362 | 2,362 |
| Total Assets | 971 | 2,362 | 3,333 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 3,985 | — | 3,985 |
| Unrealized Depreciation—Forward Currency Contracts | — | 3,935 | 3,935 |
| Total Liabilities | 3,985 | 3,935 | 7,920 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (21,893) | — | (21,893) |
| Forward Currency Contracts | — | (18,337) | (18,337) |
| Realized Net Gain (Loss) on Derivatives | (21,893) | (18,337) | (40,230) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | (7,073) | — | (7,073) |
| Forward Currency Contracts | — | 2,618 | 2,618 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | (7,073) | 2,618 | (4,455) |
| F. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable in-kind redemptions, foreign currency transactions, and passive foreign investment companies were reclassified between the following accounts: |
| | Amount
($000) |
| Paid-in Capital | 965,293 |
| Total Distributable Earnings (Loss) | (965,293) |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of
European Stock Index Fund
unrealized gains or losses from certain derivative contracts; and the recognition of unrealized gains from passive foreign investment companies. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 89,696 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (1,958,840) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (6,594,770) |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 819,954 | 653,008 |
| Long-Term Capital Gains | — | — |
| Total | 819,954 | 653,008 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 24,079,698 |
| Gross Unrealized Appreciation | 1,762,034 |
| Gross Unrealized Depreciation | (8,347,499) |
| Net Unrealized Appreciation (Depreciation) | (6,585,465) |
| G. | During the year ended October 31, 2022, the fund purchased $2,619,267,000 of investment securities and sold $5,379,927,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,311,982,000 and $4,208,003,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
European Stock Index Fund
| H. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Investor Shares | | | | | |
| Issued | 1,296 | 39 | | 3,204 | 92 |
| Issued in Lieu of Cash Distributions | 673 | 22 | | 668 | 19 |
| Redeemed | (10,279) | (342) | | (3,383) | (97) |
| Net Increase (Decrease)—Investor Shares | (8,310) | (281) | | 489 | 14 |
| ETF Shares | | | | | |
| Issued | 1,522,742 | 23,160 | | 5,436,002 | 81,366 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | (4,224,901) | (75,300) | | (153,414) | (2,700) |
| Net Increase (Decrease)—ETF Shares | (2,702,159) | (52,140) | | 5,282,588 | 78,666 |
| Admiral Shares | | | | | |
| Issued | 455,849 | 6,073 | | 551,466 | 6,752 |
| Issued in Lieu of Cash Distributions | 130,958 | 1,859 | | 109,362 | 1,347 |
| Redeemed | (656,245) | (9,214) | | (643,377) | (8,067) |
| Net Increase (Decrease)—Admiral Shares | (69,438) | (1,282) | | 17,451 | 32 |
| Institutional Shares | | | | | |
| Issued | 129,427 | 4,241 | | 92,524 | 2,656 |
| Issued in Lieu of Cash Distributions | 18,923 | 630 | | 16,447 | 477 |
| Redeemed | (118,614) | (3,963) | | (227,804) | (6,526) |
| Net Increase (Decrease)—Institutional Shares | 29,736 | 908 | | (118,833) | (3,393) |
| Institutional Plus Shares | | | | | |
| Issued | — | — | | 13,728 | 84 |
| Issued in Lieu of Cash Distributions | 3,251 | 24 | | 2,736 | 18 |
| Redeemed | (9,371) | (85) | | (8,227) | (50) |
| Net Increase (Decrease)—Institutional Plus Shares | (6,120) | (61) | | 8,237 | 52 |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| Pacific Stock Index Fund Investor Shares | -25.08% | -1.28% | 4.12% | $14,978 |
| Spliced Pacific Stock Index | -24.69 | -0.96 | 4.33 | 15,278 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
Spliced Pacific Stock Index: MSCI Pacific Index through March 26, 2013; FTSE Developed Asia Pacific Index through September 30, 2015; FTSE Developed Asia Pacific All Cap Index thereafter. Benchmark returns are adjusted for withholding taxes.
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| FTSE Pacific ETF Shares Net Asset Value | -24.99% | -1.13% | 4.27% | $15,196 |
| FTSE Pacific ETF Shares Market Price | -24.91 | -1.10 | 4.29 | 15,219 |
| Spliced Pacific Stock Index | -24.69 | -0.96 | 4.33 | 15,278 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
See Financial Highlights for dividend and capital gains information.
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| Pacific Stock Index Fund Admiral Shares | -25.01% | -1.15% | 4.26% | $15,181 |
| Spliced Pacific Stock Index | -24.69 | -0.96 | 4.33 | 15,278 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| Pacific Stock Index Fund Institutional Shares | -24.96% | -1.12% | 4.29% | $7,611,676 |
| Spliced Pacific Stock Index | -24.69 | -0.96 | 4.33 | 7,639,055 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 7,167,958 |
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| FTSE Pacific ETF Shares Market Price | -24.91% | -5.40% | 52.19% |
| FTSE Pacific ETF Shares Net Asset Value | -24.99 | -5.51 | 51.96 |
| Spliced Pacific Stock Index | -24.69 | -4.71 | 52.78 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
| Japan | 57.0% |
| Australia | 20.4 |
| South Korea | 12.2 |
| Hong Kong | 6.0 |
| Singapore | 3.4 |
| New Zealand | 1.0 |
| Other | — |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.1%) |
| Australia (20.2%) |
| | BHP Group Ltd. | 6,012,968 | 144,433 |
| | Commonwealth Bank of Australia | 2,040,182 | 136,788 |
| | CSL Ltd. | 575,082 | 102,949 |
| | National Australia Bank Ltd. | 3,792,557 | 78,779 |
| | Westpac Banking Corp. | 4,159,100 | 64,221 |
| | Australia & New Zealand Banking Group Ltd. | 3,676,536 | 60,235 |
| | Woodside Energy Group Ltd. | 2,257,507 | 52,190 |
| | Macquarie Group Ltd. | 413,727 | 44,882 |
| | Wesfarmers Ltd. | 1,348,726 | 39,139 |
| | Transurban Group (XASX) | 3,661,639 | 31,062 |
| | Woolworths Group Ltd. | 1,447,222 | 30,562 |
| | Rio Tinto Ltd. | 441,434 | 25,051 |
| | Goodman Group | 2,180,587 | 23,726 |
| | Amcor plc GDR | 1,789,980 | 20,787 |
| | Aristocrat Leisure Ltd. | 797,439 | 18,928 |
| | Fortescue Metals Group Ltd. | 1,896,485 | 17,867 |
| | Santos Ltd. | 3,650,640 | 17,821 |
| | Coles Group Ltd. | 1,508,783 | 15,775 |
| | QBE Insurance Group Ltd. | 1,761,335 | 13,800 |
| | South32 Ltd. | 5,561,948 | 12,761 |
| | Brambles Ltd. | 1,653,367 | 12,378 |
| * | Telstra Group Ltd. | 4,857,533 | 12,180 |
| | Sonic Healthcare Ltd. | 569,745 | 11,928 |
| | Newcrest Mining Ltd. (XASX) | 1,062,927 | 11,772 |
| | James Hardie Industries plc GDR | 529,797 | 11,567 |
| | Scentre Group | 6,151,184 | 11,448 |
| | Suncorp Group Ltd. | 1,503,509 | 10,998 |
| | Computershare Ltd. (XASX) | 637,963 | 10,327 |
| * | Pilbara Minerals Ltd. | 3,142,145 | 10,213 |
| | ASX Ltd. | 229,328 | 9,936 |
| | Cochlear Ltd. | 76,470 | 9,769 |
| | APA Group | 1,410,059 | 9,493 |
| | Mineral Resources Ltd. | 199,614 | 9,358 |
| | Insurance Australia Group Ltd. | 2,926,631 | 9,187 |
| | Ramsay Health Care Ltd. | 208,407 | 7,817 |
| | Northern Star Resources Ltd. | 1,357,472 | 7,576 |
| | | Shares | Market
Value•
($000) |
| * | Lottery Corp. Ltd. | 2,758,847 | 7,569 |
| * | Xero Ltd. | 150,232 | 7,460 |
| | Origin Energy Ltd. | 2,087,129 | 7,456 |
| | Atlas Arteria Ltd. | 1,733,158 | 7,296 |
| | IGO Ltd. | 743,264 | 7,269 |
| | Treasury Wine Estates Ltd. | 856,289 | 7,096 |
| | WiseTech Global Ltd. | 189,207 | 6,997 |
| | Endeavour Group Ltd. | 1,502,971 | 6,880 |
| | Stockland | 2,808,704 | 6,472 |
| * | Allkem Ltd. | 694,151 | 6,414 |
| | Dexus (XASX) | 1,268,861 | 6,323 |
| | GPT Group | 2,261,270 | 6,249 |
| | Mirvac Group | 4,672,047 | 6,190 |
| | OZ Minerals Ltd. | 388,847 | 6,021 |
| | Medibank Pvt Ltd. | 3,235,478 | 5,826 |
| | SEEK Ltd. | 421,363 | 5,800 |
| * | Lynas Rare Earths Ltd. | 1,073,056 | 5,723 |
| | Whitehaven Coal Ltd. | 984,493 | 5,719 |
| | Washington H Soul Pattinson & Co. Ltd. | 318,613 | 5,702 |
| | BlueScope Steel Ltd. | 565,201 | 5,692 |
| | Vicinity Centres | 4,508,934 | 5,621 |
| | Incitec Pivot Ltd. | 2,321,461 | 5,583 |
| | carsales.com Ltd. | 396,256 | 5,133 |
| | Ampol Ltd. | 285,671 | 4,983 |
| | Aurizon Holdings Ltd. | 2,089,060 | 4,841 |
| | REA Group Ltd. | 60,854 | 4,717 |
| | Orica Ltd. | 530,115 | 4,716 |
| | Charter Hall Group | 558,058 | 4,632 |
| | Lendlease Corp. Ltd. | 816,628 | 4,541 |
| | Cleanaway Waste Management Ltd. | 2,536,375 | 4,387 |
| | ALS Ltd. | 577,967 | 4,228 |
| | IDP Education Ltd. | 220,752 | 4,165 |
| | Worley Ltd. | 451,098 | 4,120 |
| | Bendigo & Adelaide Bank Ltd. | 667,599 | 3,854 |
| * | Qantas Airways Ltd. | 1,030,663 | 3,851 |
| | Qube Holdings Ltd. | 2,186,624 | 3,807 |
| | JB Hi-Fi Ltd. | 136,620 | 3,745 |
| | Steadfast Group Ltd. | 1,149,198 | 3,723 |
| | Bank of Queensland Ltd. | 771,033 | 3,631 |
| | Challenger Ltd. | 801,270 | 3,600 |
| | AGL Energy Ltd. | 788,805 | 3,437 |
| * | AMP Ltd. | 3,966,017 | 3,198 |
| | Metcash Ltd. | 1,180,919 | 3,100 |
| | Altium Ltd. | 133,211 | 3,008 |
| | | Shares | Market
Value•
($000) |
| | Domino's Pizza Enterprises Ltd. | 73,063 | 2,979 |
| * | NEXTDC Ltd. | 558,678 | 2,964 |
| | Ansell Ltd. | 155,633 | 2,810 |
| | Iluka Resources Ltd. | 505,875 | 2,803 |
| | Evolution Mining Ltd. | 2,070,327 | 2,746 |
| | Alumina Ltd. | 3,062,521 | 2,647 |
| * | Liontown Resources Ltd. | 2,194,294 | 2,642 |
| | Technology One Ltd. | 336,982 | 2,592 |
| | Reece Ltd. | 254,039 | 2,523 |
| | Nine Entertainment Co. Holdings Ltd. | 1,875,218 | 2,476 |
| | Downer EDI Ltd. | 849,011 | 2,440 |
| | National Storage REIT | 1,449,594 | 2,426 |
| | Shopping Centres Australasia Property Group | 1,365,802 | 2,379 |
| | nib holdings Ltd. | 541,698 | 2,318 |
| | Beach Energy Ltd. | 2,180,996 | 2,230 |
| | Breville Group Ltd. | 175,400 | 2,223 |
| | Charter Hall Long Wale REIT | 755,905 | 2,108 |
| * | Star Entertainment Grp Ltd. | 1,098,460 | 2,066 |
| | Seven Group Holdings Ltd. | 173,323 | 2,032 |
| | Orora Ltd. | 1,042,759 | 2,024 |
| | Reliance Worldwide Corp. Ltd. | 964,069 | 1,981 |
| * | Paladin Energy Ltd. | 3,582,026 | 1,939 |
| | Eagers Automotive Ltd. | 238,679 | 1,892 |
| 1 | Viva Energy Group Ltd. | 1,041,319 | 1,890 |
| | Harvey Norman Holdings Ltd. | 710,178 | 1,889 |
| *,2 | Flight Centre Travel Group Ltd. | 177,172 | 1,886 |
| 2 | Pro Medicus Ltd. | 52,710 | 1,878 |
| | HomeCo Daily Needs REIT | 2,219,098 | 1,816 |
| | Perseus Mining Ltd. | 1,556,844 | 1,813 |
| | CSR Ltd. | 608,691 | 1,803 |
| * | Core Lithium Ltd. | 2,018,255 | 1,784 |
| | Bapcor Ltd. | 411,164 | 1,739 |
| | Premier Investments Ltd. | 106,681 | 1,708 |
| | Insignia Financial Ltd. | 827,466 | 1,668 |
| | Elders Ltd. | 199,471 | 1,663 |
| | Champion Iron Ltd. | 550,540 | 1,656 |
| | ARB Corp. Ltd. | 87,762 | 1,630 |
| * | Webjet Ltd. | 481,096 | 1,625 |
| | Tabcorp Holdings Ltd. | 2,592,650 | 1,601 |
| | Corporate Travel Management Ltd. | 142,174 | 1,587 |
| | Waypoint REIT Ltd. | 903,787 | 1,578 |
| | BWP Trust | 602,093 | 1,575 |
| | GrainCorp Ltd. Class A | 291,675 | 1,568 |
| | Nufarm Ltd. | 439,276 | 1,566 |
| | IRESS Ltd. | 238,879 | 1,551 |
| | Sims Ltd. | 196,920 | 1,540 |
| | Charter Hall Retail REIT | 590,457 | 1,520 |
| | Healius Ltd. | 692,254 | 1,516 |
| | Pendal Group Ltd. | 470,488 | 1,478 |
| | Super Retail Group Ltd. | 217,411 | 1,430 |
| | TPG Telecom Ltd. | 440,590 | 1,382 |
| | Lifestyle Communities Ltd. | 121,882 | 1,368 |
| 2 | InvoCare Ltd. | 205,867 | 1,346 |
| | | Shares | Market
Value•
($000) |
| | Link Administration Holdings Ltd. | 602,429 | 1,317 |
| | AUB Group Ltd. | 96,784 | 1,281 |
| | Centuria Industrial REIT | 634,412 | 1,233 |
| | Deterra Royalties Ltd. | 467,442 | 1,227 |
| *,3 | AVZ Minerals Ltd. | 2,673,048 | 1,200 |
| | IPH Ltd. | 187,426 | 1,192 |
| * | Sayona Mining Ltd. | 7,905,418 | 1,187 |
| 2 | Perpetual Ltd. | 74,138 | 1,181 |
| | Ingenia Communities Group | 469,290 | 1,178 |
| * | Syrah Resources Ltd. | 749,434 | 1,145 |
| * | De Grey Mining Ltd. | 1,688,159 | 1,142 |
| | Sandfire Resources Ltd. (XASX) | 509,641 | 1,135 |
| | HUB24 Ltd. | 69,366 | 1,125 |
| * | EVENT Hospitality and Entertainment Ltd. | 117,710 | 1,124 |
| 1 | Coronado Global Resources Inc. GDR | 921,807 | 1,100 |
| | Abacus Property Group | 607,923 | 1,090 |
| | Chalice Mining Ltd. | 397,645 | 1,086 |
| 2 | Magellan Financial Group Ltd. | 170,683 | 1,082 |
| * | Lake Resources NL | 1,595,522 | 1,076 |
| | Johns Lyng Group Ltd. | 253,914 | 1,056 |
| | Gold Road Resources Ltd. | 1,206,129 | 1,042 |
| | Arena REIT | 406,540 | 1,024 |
| 2 | New Hope Corp. Ltd. | 281,252 | 1,022 |
| | Centuria Capital Group | 946,055 | 1,019 |
| | Charter Hall Social Infrastructure REIT | 444,580 | 987 |
| | Lovisa Holdings Ltd. | 61,515 | 958 |
| | Costa Group Holdings Ltd. (XASX) | 582,107 | 947 |
| | Brickworks Ltd. | 65,957 | 934 |
| | Credit Corp. Group Ltd. | 76,470 | 909 |
| | GUD Holdings Ltd. | 174,713 | 899 |
| | Collins Foods Ltd. | 148,575 | 892 |
| *,2 | PolyNovo Ltd. | 686,327 | 874 |
| | Blackmores Ltd. | 20,053 | 872 |
| * | ioneer Ltd. | 2,451,702 | 869 |
| | McMillan Shakespeare Ltd. | 103,199 | 865 |
| | Monadelphous Group Ltd. | 98,006 | 857 |
| * | Telix Pharmaceuticals Ltd. | 191,508 | 849 |
| | Regis Resources Ltd. | 867,804 | 846 |
| | Rural Funds Group | 515,545 | 841 |
| * | West African Resources Ltd. | 1,267,167 | 839 |
| *,1 | Life360 Inc. GDR | 187,863 | 826 |
| | Tassal Group Ltd. | 245,037 | 814 |
| * | Omni Bridgeway Ltd. | 282,182 | 812 |
| | Bega Cheese Ltd. | 394,036 | 809 |
| | Netwealth Group Ltd. | 102,949 | 800 |
| | NRW Holdings Ltd. | 481,861 | 786 |
| | Ventia Services Group Pty Ltd. | 442,209 | 782 |
| * | Karoon Energy Ltd. | 571,581 | 777 |
| * | Imugene Ltd. | 6,841,831 | 763 |
| | Genworth Mortgage Insurance Australia Ltd. | 432,077 | 750 |
| * | Silver Lake Resources Ltd. | 1,049,020 | 743 |
| | | Shares | Market
Value•
($000) |
| * | Capricorn Metals Ltd. | 342,267 | 742 |
| | Nickel Mines Ltd. | 1,576,849 | 737 |
| | Cromwell Property Group | 1,605,241 | 720 |
| | Data#3 Ltd. | 163,173 | 719 |
| | APM Human Services International Ltd. | 334,803 | 701 |
| | Boral Ltd. | 375,400 | 692 |
| * | Nanosonics Ltd. | 260,639 | 683 |
| | Platinum Asset Management Ltd. | 594,501 | 681 |
| * | Megaport Ltd. | 171,086 | 664 |
| | Centuria Office REIT | 687,843 | 663 |
| | GQG Partners Inc. GDR | 707,793 | 649 |
| *,2 | Macquarie Telecom Group Ltd. | 17,450 | 638 |
| | Adbri Ltd. | 624,402 | 630 |
| | Growthpoint Properties Australia Ltd. | 292,378 | 622 |
| * | nearmap Ltd. | 467,341 | 614 |
| | Domain Holdings Australia Ltd. | 288,103 | 614 |
| | G8 Education Ltd. | 979,362 | 605 |
| * | Vulcan Energy Resources Ltd. | 122,544 | 595 |
| | United Malt Grp Ltd. | 297,907 | 593 |
| * | PEXA Group Ltd. | 59,928 | 592 |
| * | Jervois Global Ltd. | 1,879,001 | 589 |
| | Hansen Technologies Ltd. | 186,082 | 586 |
| | Austal Ltd. | 358,175 | 570 |
| 2 | Clinuvel Pharmaceuticals Ltd. | 44,502 | 556 |
| | Pinnacle Investment Management Group Ltd. | 106,211 | 552 |
| | Ramelius Resources Ltd. | 1,114,660 | 523 |
| | Imdex Ltd. | 391,212 | 511 |
| 2 | Home Consortium Ltd. | 166,480 | 509 |
| | Select Harvests Ltd. | 148,977 | 505 |
| * | Bellevue Gold Ltd. | 1,062,770 | 502 |
| | Jumbo Interactive Ltd. | 57,338 | 499 |
| * | BrainChip Holdings Ltd. | 1,211,011 | 496 |
| * | Perenti Global Ltd. | 781,086 | 479 |
| * | SiteMinder Ltd. | 233,264 | 463 |
| | Hotel Property Investments | 231,409 | 460 |
| * | Calix Ltd. | 176,331 | 459 |
| | Sigma Healthcare Ltd. | 1,112,067 | 451 |
| * | Mincor Resources NL | 523,521 | 450 |
| | oOh!media Ltd. | 552,185 | 447 |
| * | Novonix Ltd. | 256,561 | 438 |
| * | Temple & Webster Group Ltd. | 122,895 | 437 |
| * | Judo Capital Holdings Ltd. | 573,739 | 428 |
| | Praemium Ltd. | 791,650 | 422 |
| | Kelsian Group Ltd. | 139,824 | 418 |
| * | Leo Lithium Ltd. | 1,046,258 | 413 |
| * | OFX Group Ltd. | 232,625 | 396 |
| * | Cooper Energy Ltd. | 2,896,527 | 390 |
| * | Mesoblast Ltd. | 663,736 | 388 |
| | Myer Holdings Ltd. | 933,601 | 379 |
| * | Neometals Ltd. | 534,003 | 378 |
| * | Australian Agricultural Co. Ltd. | 335,925 | 376 |
| | GWA Group Ltd. | 284,175 | 369 |
| | Accent Group Ltd. | 388,847 | 368 |
| | | Shares | Market
Value•
($000) |
| | Australian Ethical Investment Ltd. | 122,976 | 364 |
| * | Tyro Payments Ltd. | 371,566 | 363 |
| * | Audinate Group Ltd. | 69,315 | 361 |
| | Dexus Industria REIT | 213,043 | 361 |
| | Dicker Data Ltd. | 51,580 | 356 |
| | Estia Health Ltd. | 242,333 | 355 |
| | 29Metals Ltd. | 297,578 | 352 |
| * | Eclipx Group Ltd. | 289,728 | 347 |
| * | PointsBet Holdings Ltd. | 258,353 | 336 |
| | Infomedia Ltd. | 426,775 | 335 |
| | Integral Diagnostics Ltd. | 198,768 | 334 |
| | Codan Ltd. | 133,368 | 330 |
| | MyState Ltd. | 124,369 | 325 |
| | Nick Scali Ltd. | 49,214 | 317 |
| * | Mayne Pharma Group Ltd. | 1,778,993 | 307 |
| * | Seven West Media Ltd. | 1,011,650 | 303 |
| | GDI Property Group | 591,218 | 298 |
| 2 | Inghams Group Ltd. | 183,955 | 298 |
| * | St. Barbara Ltd. | 904,188 | 294 |
| 2 | Service Stream Ltd. | 606,984 | 285 |
| * | Aussie Broadband Ltd. | 189,619 | 283 |
| | Australian Clinical Labs Ltd. | 130,562 | 283 |
| | Emeco Holdings Ltd. | 559,583 | 281 |
| *,2 | Zip Co. Ltd. | 700,827 | 272 |
| | SmartGroup Corp. Ltd. | 85,971 | 271 |
| | Baby Bunting Group Ltd. | 148,688 | 266 |
| | Australian Finance Group Ltd. | 244,738 | 263 |
| * | Incannex Healthcare Ltd. | 1,529,453 | 244 |
| * | Alkane Resources Ltd. | 554,737 | 243 |
| | Money3 Corp. Ltd. | 179,057 | 224 |
| * | Opthea Ltd. | 359,081 | 223 |
| *,2 | Paradigm Biopharmaceuticals Ltd. | 238,423 | 219 |
| * | Superloop Ltd. | 413,524 | 198 |
| | Bravura Solutions Ltd. | 250,852 | 196 |
| | Appen Ltd. | 119,671 | 194 |
| | Pact Group Holdings Ltd. | 202,727 | 186 |
| * | Westgold Resources Ltd. | 396,938 | 185 |
| * | Carnarvon Energy Ltd. | 1,961,981 | 182 |
| * | Mount Gibson Iron Ltd. | 729,086 | 175 |
| * | Bubs Australia Ltd. | 727,379 | 174 |
| | Regis Healthcare Ltd. | 124,653 | 163 |
| | Jupiter Mines Ltd. | 1,264,559 | 157 |
| | Macmahon Holdings Ltd. | 1,732,096 | 155 |
| | SG Fleet Group Ltd. | 119,815 | 154 |
| | Southern Cross Media Group Ltd. | 249,608 | 154 |
| *,2 | Kogan.com Ltd. | 70,421 | 148 |
| *,2 | Resolute Mining Ltd. | 1,149,510 | 147 |
| | Cedar Woods Properties Ltd. | 57,580 | 145 |
| *,2 | Starpharma Holdings Ltd. Class A | 407,990 | 140 |
| * | Fineos Corp. Ltd. GDR | 144,735 | 139 |
| *,2,3 | Australian Strategic Materials Ltd. | 106,962 | 138 |
| *,2 | City Chic Collective Ltd. | 164,145 | 137 |
| | Ardent Leisure Group Ltd. | 428,976 | 134 |
| * | Betmakers Technology Group Ltd. | 720,130 | 126 |
| | | Shares | Market
Value•
($000) |
| *,2 | AMA Group Ltd. | 745,778 | 116 |
| | Humm Group Ltd. | 369,560 | 113 |
| | Navigator Global Investments Ltd. | 155,460 | 111 |
| * | Aurelia Metals Ltd. | 1,297,631 | 87 |
| * | EML Payments Ltd. | 319,933 | 82 |
| * | Nuix Ltd. | 216,050 | 78 |
| * | Andromeda Metals Ltd. | 3,008,784 | 77 |
| * | New Century Resources Ltd. | 99,542 | 65 |
| * | Sierra Rutile Holdings Ltd. | 493,941 | 65 |
| * | Redbubble Ltd. | 195,951 | 64 |
| 3 | BWX Ltd. | 140,756 | 57 |
| * | Dubber Corp. Ltd. | 266,462 | 53 |
| *,3 | Bgp Holdings plc | 15,642,708 | 50 |
| *,3 | Firefinch Ltd. | 1,170,950 | 45 |
| *,2 | Electro Optic Systems Holdings Ltd. | 120,473 | 39 |
| * | Marley Spoon AG GDR | 192,277 | 27 |
| * | Incannex Healthcare Ltd. Warrants Exp. 4/28/23 | 32,581 | — |
| *,2 | PointsBet Holdings Ltd. Warrants Exp. 7/8/24 | 11,660 | — |
| | | | 1,545,646 |
| China (0.0%) |
| *,2,3 | China Fishery Group Ltd. | 754,600 | 40 |
| | Road King Infrastructure Ltd. | 136,731 | 39 |
| | Lee's Pharmaceutical Holdings Ltd. | 202,772 | 36 |
| | | | 115 |
| Hong Kong (5.9%) |
| | AIA Group Ltd. | 14,277,512 | 108,149 |
| | Hong Kong Exchanges & Clearing Ltd. | 1,515,364 | 40,223 |
| | Sun Hung Kai Properties Ltd. | 1,685,474 | 18,113 |
| | CK Hutchison Holdings Ltd. | 3,196,559 | 15,912 |
| | Techtronic Industries Co. Ltd. | 1,573,656 | 14,901 |
| | Link REIT | 2,501,198 | 14,784 |
| | BOC Hong Kong Holdings Ltd. | 4,282,759 | 13,308 |
| | CLP Holdings Ltd. | 1,962,360 | 13,171 |
| | CK Asset Holdings Ltd. | 2,365,933 | 13,080 |
| | Hang Seng Bank Ltd. | 864,752 | 12,174 |
| | Galaxy Entertainment Group Ltd. | 2,567,062 | 11,728 |
| | Jardine Matheson Holdings Ltd. | 237,052 | 10,921 |
| | Hong Kong & China Gas Co. Ltd. | 13,047,260 | 10,056 |
| | Power Assets Holdings Ltd. | 1,657,707 | 7,926 |
| | MTR Corp. Ltd. | 1,706,186 | 7,508 |
| | Wharf Real Estate Investment Co. Ltd. | 1,884,283 | 7,424 |
| | Lenovo Group Ltd. | 9,026,000 | 7,214 |
| | Hongkong Land Holdings Ltd. | 1,320,947 | 5,085 |
| * | Sands China Ltd. | 2,876,336 | 5,028 |
| 1 | WH Group Ltd. | 9,395,593 | 4,745 |
| | Sino Land Co. Ltd. | 4,268,443 | 4,558 |
| 1 | Budweiser Brewing Co. APAC Ltd. | 2,016,100 | 4,243 |
| | | Shares | Market
Value•
($000) |
| 1 | ESR Cayman Ltd. | 2,436,841 | 4,156 |
| | Wharf Holdings Ltd. | 1,447,283 | 4,144 |
| | Henderson Land Development Co. Ltd. | 1,508,190 | 3,692 |
| | Chow Tai Fook Jewellery Group Ltd. | 2,149,818 | 3,681 |
| | Swire Pacific Ltd. Class A | 547,752 | 3,634 |
| *,1 | Samsonite International SA | 1,572,197 | 3,378 |
| | New World Development Co. Ltd. | 1,648,539 | 3,372 |
| | Want Want China Holdings Ltd. | 5,065,220 | 3,327 |
| | CK Infrastructure Holdings Ltd. | 688,813 | 3,272 |
| | Xinyi Glass Holdings Ltd. | 2,427,640 | 3,120 |
| | PRADA SpA | 613,804 | 2,796 |
| | Hang Lung Properties Ltd. | 2,139,841 | 2,692 |
| | Swire Properties Ltd. | 1,278,435 | 2,457 |
| | SITC International Holdings Co. Ltd. | 1,396,586 | 2,287 |
| | Orient Overseas International Ltd. | 153,000 | 2,236 |
| | ASM Pacific Technology Ltd. | 386,636 | 2,127 |
| | PCCW Ltd. | 5,126,133 | 1,958 |
| 1 | BOC Aviation Ltd. | 264,525 | 1,770 |
| | Swire Pacific Ltd. Class B | 1,670,686 | 1,722 |
| * | Vitasoy International Holdings Ltd. | 946,304 | 1,616 |
| *,2 | AAC Technologies Holdings Inc. | 867,257 | 1,589 |
| | Hysan Development Co. Ltd. | 695,571 | 1,516 |
| | Hang Lung Group Ltd. | 1,121,920 | 1,455 |
| | L'Occitane International SA | 553,873 | 1,360 |
| | NWS Holdings Ltd. | 1,901,887 | 1,349 |
| | Pacific Basin Shipping Ltd. | 5,506,236 | 1,333 |
| 1 | Js Global Lifestyle Co. Ltd. | 1,579,000 | 1,272 |
| | Kerry Properties Ltd. | 719,590 | 1,138 |
| | Fortune REIT | 1,771,996 | 1,131 |
| | VTech Holdings Ltd. | 207,350 | 1,104 |
| | Bank of East Asia Ltd. | 1,098,132 | 1,052 |
| * | HUTCHMED China Ltd. | 625,000 | 1,050 |
| | Man Wah Holdings Ltd. | 1,859,452 | 1,038 |
| *,2 | Cathay Pacific Airways Ltd. | 1,130,504 | 1,025 |
| | Yue Yuen Industrial Holdings Ltd. | 932,158 | 948 |
| | Dairy Farm International Holdings Ltd. | 407,001 | 912 |
| * | SJM Holdings Ltd. | 2,878,798 | 898 |
| | United Energy Group Ltd. | 9,124,000 | 883 |
| * | NagaCorp Ltd. | 1,831,959 | 835 |
| | Luk Fook Holdings International Ltd. | 382,406 | 831 |
| | Champion REIT | 2,749,900 | 823 |
| *,1 | Sirnaomics Ltd. | 100,450 | 750 |
| | HKBN Ltd. | 1,105,157 | 746 |
| * | Wynn Macau Ltd. | 1,846,429 | 736 |
| | First Pacific Co. Ltd. | 2,615,939 | 693 |
| | | Shares | Market
Value•
($000) |
| * | Shangri-La Asia Ltd. | 1,246,928 | 690 |
| * | Theme International Holdings Ltd. | 6,610,000 | 631 |
| *,2 | MMG Ltd. | 3,156,286 | 622 |
| | Johnson Electric Holdings Ltd. | 556,019 | 573 |
| * | Cowell e Holdings Inc. | 439,000 | 537 |
| | Cafe de Coral Holdings Ltd. | 442,447 | 516 |
| | Nexteer Automotive Group Ltd. | 931,211 | 504 |
| | Huabao International Holdings Ltd. | 1,088,071 | 501 |
| * | China Travel International Investment Hong Kong Ltd. | 3,122,268 | 485 |
| | Kerry Logistics Network Ltd. | 304,111 | 483 |
| *,2 | Realord Group Holdings Ltd. | 406,000 | 476 |
| * | Melco International Development Ltd. | 896,274 | 469 |
| | Stella International Holdings Ltd. | 484,500 | 469 |
| | CITIC Telecom International Holdings Ltd. | 1,461,470 | 432 |
| | Sunlight REIT | 1,344,089 | 428 |
| * | Vobile Group Ltd. | 1,773,000 | 423 |
| *,1 | Fosun Tourism Group | 445,000 | 389 |
| | LK Technology Holdings Ltd. | 427,841 | 387 |
| | K Wah International Holdings Ltd. | 1,273,843 | 357 |
| | Jinchuan Group International Resources Co. Ltd. | 5,241,000 | 347 |
| | VSTECS Holdings Ltd. | 700,000 | 337 |
| * | MGM China Holdings Ltd. | 809,336 | 326 |
| | SUNeVision Holdings Ltd. | 611,000 | 324 |
| * | Lifestyle International Holdings Ltd. | 527,907 | 313 |
| 2 | Hong Kong Technology Venture Co. Ltd. | 597,142 | 312 |
| | Prosperity REIT | 1,407,661 | 298 |
| | Dah Sing Financial Holdings Ltd. | 149,860 | 297 |
| | Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 237,000 | 265 |
| | Far East Consortium International Ltd. | 1,159,942 | 261 |
| *,1 | Hua Medicine | 954,500 | 258 |
| * | Esprit Holdings Ltd. (XHKG) | 3,101,795 | 241 |
| * | Shun Tak Holdings Ltd. | 1,839,370 | 239 |
| | Value Partners Group Ltd. | 978,665 | 233 |
| * | IGG Inc. | 896,628 | 233 |
| *,3 | Convoy | 10,860,141 | 231 |
| | United Laboratories International Holdings Ltd. | 533,873 | 224 |
| | Sun Hung Kai & Co. Ltd. | 614,182 | 214 |
| | Dah Sing Banking Group Ltd. | 359,556 | 214 |
| | | Shares | Market
Value•
($000) |
| | Texhong Textile Group Ltd. | 318,500 | 205 |
| | EC Healthcare | 397,000 | 205 |
| | Chow Sang Sang Holdings International Ltd. | 220,922 | 204 |
| | Giordano International Ltd. | 1,240,590 | 204 |
| * | Haitong International Securities Group Ltd. | 2,721,280 | 198 |
| * | OCI International Holdings Ltd. | 1,026,600 | 194 |
| | Truly International Holdings Ltd. | 1,535,603 | 188 |
| *,2 | C-Mer Eye Care Holdings Ltd. | 444,000 | 184 |
| *,1 | Jacobio Pharmaceuticals Group Co. Ltd. | 409,500 | 181 |
| | SmarTone Telecommunications Holdings Ltd. | 350,235 | 173 |
| | Hutchison Telecommunications Hong Kong Holdings Ltd. | 1,296,301 | 172 |
| | Guotai Junan International Holdings Ltd. | 2,336,336 | 166 |
| | Dynam Japan Holdings Co. Ltd. | 251,344 | 156 |
| * | Apollo Future Mobility Group Ltd. | 5,696,000 | 152 |
| | Asia Cement China Holdings Corp. | 430,500 | 150 |
| *,1 | Frontage Holdings Corp. | 646,000 | 146 |
| 1 | Crystal International Group Ltd. | 529,500 | 135 |
| *,1 | FIT Hon Teng Ltd. | 1,118,000 | 131 |
| *,1 | Antengene Corp. Ltd. | 300,500 | 128 |
| | Powerlong Real Estate Holdings Ltd. | 1,435,000 | 117 |
| | Singamas Container Holdings Ltd. | 1,447,323 | 111 |
| | Vesync Co. Ltd. | 415,000 | 111 |
| * | Sa Sa International Holdings Ltd. | 1,012,953 | 107 |
| * | Television Broadcasts Ltd. | 301,247 | 104 |
| | CITIC Resources Holdings Ltd. | 2,328,000 | 102 |
| *,1 | Everest Medicines Ltd. | 107,000 | 84 |
| * | Digital Domain Holdings Ltd. | 2,372,803 | 82 |
| * | Chinese Estates Holdings Ltd. | 447,000 | 81 |
| *,1 | JW Cayman Therapeutics Co. Ltd. (XHKG) | 218,500 | 78 |
| | Texwinca Holdings Ltd. | 585,037 | 77 |
| | CMBC Capital Holdings Ltd. | 384,500 | 75 |
| *,3 | Brightoil | 2,476,222 | 63 |
| 1 | IMAX China Holding Inc. | 102,275 | 59 |
| | Glory Sun Financial Group Ltd. | 25,772,000 | 59 |
| *,1,2 | VPower Group International Holdings Ltd. | 832,000 | 57 |
| | | Shares | Market
Value•
($000) |
| | Powerlong Commercial Management Holdings Ltd. | 179,000 | 55 |
| * | Macau Legend Development Ltd. | 517,505 | 14 |
| *,3 | MH Development NPV | 366,000 | — |
| *,3 | Agritrade Resources Ltd. | 2,330,000 | — |
| | | | 453,402 |
| Japan (56.5%) |
| | Toyota Motor Corp. | 14,505,425 | 201,257 |
| | Sony Group Corp. | 1,475,339 | 99,489 |
| | Keyence Corp. | 232,866 | 87,806 |
| | Daiichi Sankyo Co. Ltd. | 2,246,247 | 71,904 |
| | Mitsubishi UFJ Financial Group Inc. | 14,327,872 | 67,683 |
| | KDDI Corp. | 1,953,066 | 57,727 |
| | SoftBank Group Corp. | 1,250,570 | 53,682 |
| | Nintendo Co. Ltd. | 1,253,950 | 50,909 |
| | Recruit Holdings Co. Ltd. | 1,648,266 | 50,719 |
| | Hitachi Ltd. | 1,090,728 | 49,491 |
| | Shin-Etsu Chemical Co. Ltd. | 468,150 | 48,655 |
| | Takeda Pharmaceutical Co. Ltd. | 1,801,724 | 47,582 |
| | Daikin Industries Ltd. | 316,073 | 47,344 |
| | Tokyo Electron Ltd. | 176,084 | 46,327 |
| | Honda Motor Co. Ltd. | 2,019,786 | 46,056 |
| | Sumitomo Mitsui Financial Group Inc. | 1,547,488 | 43,456 |
| | ITOCHU Corp. | 1,596,892 | 41,271 |
| | Mitsui & Co. Ltd. | 1,862,857 | 41,224 |
| | Tokio Marine Holdings Inc. | 2,255,772 | 40,841 |
| | Hoya Corp. | 422,546 | 39,280 |
| | Nippon Telegraph & Telephone Corp. | 1,410,486 | 38,902 |
| | Mitsubishi Corp. | 1,414,221 | 38,310 |
| | Fast Retailing Co. Ltd. | 61,880 | 34,476 |
| | Seven & i Holdings Co. Ltd. | 918,649 | 34,292 |
| | Mizuho Financial Group Inc. | 3,025,037 | 32,717 |
| | Murata Manufacturing Co. Ltd. | 678,779 | 32,133 |
| | Softbank Corp. | 3,254,767 | 32,106 |
| | Olympus Corp. | 1,497,920 | 31,583 |
| | Nidec Corp. | 550,666 | 30,278 |
| | Oriental Land Co. Ltd. | 224,790 | 30,106 |
| | Astellas Pharma Inc. | 2,181,401 | 30,099 |
| | FANUC Corp. | 229,068 | 29,974 |
| | SMC Corp. | 67,029 | 26,906 |
| | Denso Corp. | 535,503 | 26,569 |
| | Fujitsu Ltd. | 221,682 | 25,506 |
| | Central Japan Railway Co. | 216,352 | 25,048 |
| | Canon Inc. | 1,168,711 | 24,774 |
| | Bridgestone Corp. | 682,028 | 24,667 |
| | Terumo Corp. | 785,932 | 23,852 |
| | Japan Tobacco Inc. | 1,412,869 | 23,662 |
| | East Japan Railway Co. | 429,745 | 22,899 |
| | Komatsu Ltd. | 1,090,237 | 21,358 |
| | ORIX Corp. | 1,427,711 | 20,970 |
| | Mitsui Fudosan Co. Ltd. | 1,084,260 | 20,762 |
| | Mitsubishi Electric Corp. | 2,322,914 | 20,438 |
| | Kao Corp. | 543,525 | 20,302 |
| | FUJIFILM Holdings Corp. | 420,887 | 19,256 |
| | | Shares | Market
Value•
($000) |
| | Eisai Co. Ltd. | 313,134 | 18,883 |
| | Dai-ichi Life Holdings Inc. | 1,168,595 | 18,561 |
| | Suzuki Motor Corp. | 538,847 | 18,218 |
| | Panasonic Corp. | 2,529,635 | 18,018 |
| | Chugai Pharmaceutical Co. Ltd. | 775,438 | 17,968 |
| | Kubota Corp. | 1,286,005 | 17,939 |
| | Kyocera Corp. | 362,892 | 17,574 |
| | Toshiba Corp. | 502,858 | 17,450 |
| | Japan Post Holdings Co. Ltd. | 2,577,121 | 17,330 |
| | Sumitomo Corp. | 1,333,101 | 16,949 |
| | Mitsubishi Estate Co. Ltd. | 1,345,859 | 16,925 |
| | Asahi Group Holdings Ltd. | 581,754 | 16,278 |
| | Marubeni Corp. | 1,839,843 | 16,106 |
| | Otsuka Holdings Co. Ltd. | 501,021 | 16,060 |
| | Shiseido Co. Ltd. | 462,038 | 15,958 |
| | Sompo Holdings Inc. | 378,820 | 15,794 |
| | Ajinomoto Co. Inc. | 570,034 | 15,678 |
| | Aeon Co. Ltd. | 838,038 | 15,630 |
| | Bandai Namco Holdings Inc. | 234,543 | 15,504 |
| | Daiwa House Industry Co. Ltd. | 761,670 | 15,346 |
| | Shionogi & Co. Ltd. | 324,107 | 15,051 |
| | M3 Inc. | 503,388 | 15,001 |
| | MS&AD Insurance Group Holdings Inc. | 549,668 | 14,556 |
| | Shimano Inc. | 92,233 | 14,272 |
| | Unicharm Corp. | 462,234 | 14,048 |
| | Nippon Steel Corp. | 978,016 | 13,417 |
| | TDK Corp. | 427,781 | 13,363 |
| | Secom Co. Ltd. | 229,497 | 13,075 |
| | Kirin Holdings Co. Ltd. | 889,401 | 13,074 |
| | Lasertec Corp. | 91,446 | 12,849 |
| | Sumitomo Mitsui Trust Holdings Inc. | 429,136 | 12,346 |
| | Sysmex Corp. | 229,311 | 12,342 |
| | Obic Co. Ltd. | 81,988 | 12,303 |
| * | Renesas Electronics Corp. | 1,457,663 | 12,194 |
| | Advantest Corp. | 229,649 | 12,089 |
| | Mitsubishi Heavy Industries Ltd. | 345,239 | 11,891 |
| | Inpex Corp. | 1,178,232 | 11,891 |
| | Ono Pharmaceutical Co. Ltd. | 502,601 | 11,828 |
| | Kikkoman Corp. | 217,399 | 11,781 |
| | Nomura Holdings Inc. | 3,548,714 | 11,483 |
| | Subaru Corp. | 730,248 | 11,414 |
| | ENEOS Holdings Inc. | 3,443,059 | 11,357 |
| | Sekisui House Ltd. | 670,925 | 11,139 |
| | NTT Data Corp. | 751,357 | 10,883 |
| | Sumitomo Realty & Development Co. Ltd. | 472,820 | 10,844 |
| | West Japan Railway Co. | 273,457 | 10,842 |
| | NEC Corp. | 316,359 | 10,472 |
| 2 | Nippon Yusen KK | 575,177 | 10,419 |
| | Nomura Research Institute Ltd. | 464,539 | 10,280 |
| | Omron Corp. | 217,689 | 10,153 |
| | Toyota Industries Corp. | 191,872 | 9,884 |
| | Resona Holdings Inc. | 2,600,313 | 9,800 |
| | Nitto Denko Corp. | 179,547 | 9,460 |
| | Asahi Kasei Corp. | 1,465,616 | 9,397 |
| | | Shares | Market
Value•
($000) |
| | Sumitomo Electric Industries Ltd. | 895,803 | 9,361 |
| | Tokyo Gas Co. Ltd. | 504,134 | 9,010 |
| | Toyota Tsusho Corp. | 263,807 | 8,855 |
| | Toray Industries Inc. | 1,802,178 | 8,754 |
| | Yakult Honsha Co. Ltd. | 155,130 | 8,594 |
| | Shimadzu Corp. | 325,740 | 8,581 |
| | Yaskawa Electric Corp. | 304,120 | 8,421 |
| | Japan Exchange Group Inc. | 631,984 | 8,305 |
| | Z Holdings Corp. | 3,117,488 | 8,045 |
| | Nitori Holdings Co. Ltd. | 88,737 | 8,041 |
| | Disco Corp. | 33,371 | 7,982 |
| | Nippon Building Fund Inc. | 1,793 | 7,970 |
| | Nexon Co. Ltd. | 474,614 | 7,942 |
| | Pan Pacific International Holdings Corp. | 478,808 | 7,858 |
| | Sumitomo Metal Mining Co. Ltd. | 278,663 | 7,811 |
| | Mitsui OSK Lines Ltd. | 393,295 | 7,785 |
| | Daito Trust Construction Co. Ltd. | 78,322 | 7,756 |
| | Nippon Paint Holdings Co. Ltd. | 1,205,249 | 7,681 |
| | Dentsu Group Inc. | 245,673 | 7,641 |
| | Hankyu Hanshin Holdings Inc. | 257,235 | 7,640 |
| | TIS Inc. | 277,875 | 7,492 |
| | Yamaha Motor Co. Ltd. | 360,144 | 7,434 |
| | Nissan Motor Co. Ltd. | 2,301,930 | 7,337 |
| | Kintetsu Group Holdings Co. Ltd. | 216,954 | 7,332 |
| | Isuzu Motors Ltd. | 616,854 | 7,254 |
| | MINEBEA MITSUMI Inc. | 486,899 | 7,196 |
| | MISUMI Group Inc. | 336,711 | 7,172 |
| | Nissan Chemical Corp. | 155,242 | 6,988 |
| | AGC Inc. | 222,924 | 6,985 |
| | Trend Micro Inc. | 138,022 | 6,960 |
| | Kyowa Kirin Co. Ltd. | 293,702 | 6,917 |
| | Osaka Gas Co. Ltd. | 465,865 | 6,898 |
| | Yamaha Corp. | 180,161 | 6,802 |
| | Mitsubishi Chemical Holdings Corp. | 1,504,846 | 6,798 |
| | Rohm Co. Ltd. | 96,419 | 6,775 |
| | Daiwa Securities Group Inc. | 1,734,876 | 6,769 |
| | Hamamatsu Photonics KK | 149,539 | 6,765 |
| | Chubu Electric Power Co. Inc. | 827,602 | 6,737 |
| | SG Holdings Co. Ltd. | 505,800 | 6,702 |
| | Tokyu Corp. | 577,301 | 6,657 |
| | Kansai Electric Power Co. Inc. | 866,116 | 6,561 |
| | MEIJI Holdings Co. Ltd. | 159,399 | 6,559 |
| | Japan Real Estate Investment Corp. | 1,518 | 6,361 |
| | Dai Nippon Printing Co. Ltd. | 309,780 | 6,205 |
| | T&D Holdings Inc. | 618,355 | 6,116 |
| | Capcom Co. Ltd. | 219,036 | 6,092 |
| | Nomura Real Estate Master Fund Inc. | 5,311 | 6,059 |
| | Idemitsu Kosan Co. Ltd. | 276,722 | 6,055 |
| * | Tokyo Electric Power Co. Holdings Inc. | 1,857,707 | 6,052 |
| | | Shares | Market
Value•
($000) |
| | Sumitomo Chemical Co. Ltd. | 1,794,230 | 6,042 |
| | Japan Metropolitan Fund Investment | 8,126 | 5,987 |
| | Taisei Corp. | 218,490 | 5,952 |
| | Yamato Holdings Co. Ltd. | 397,900 | 5,893 |
| | Nippon Prologis REIT Inc. | 2,722 | 5,712 |
| | Fuji Electric Co. Ltd. | 146,700 | 5,672 |
| | Tobu Railway Co. Ltd. | 244,199 | 5,649 |
| | JFE Holdings Inc. | 611,804 | 5,605 |
| | Aisin Corp. | 211,052 | 5,418 |
| | Daifuku Co. Ltd. | 116,264 | 5,322 |
| | MatsukiyoCocokara & Co. | 145,849 | 5,310 |
| | Makita Corp. | 288,115 | 5,265 |
| | Nissin Foods Holdings Co. Ltd. | 80,725 | 5,225 |
| | GLP J-REIT | 5,004 | 5,190 |
| | SBI Holdings Inc. | 283,072 | 5,113 |
| | Daiwa House REIT Investment Corp. | 2,519 | 5,084 |
| | Obayashi Corp. | 789,929 | 5,070 |
| | Yokogawa Electric Corp. | 300,064 | 5,017 |
| | Ricoh Co. Ltd. | 683,404 | 5,008 |
| | Hirose Electric Co. Ltd. | 38,511 | 4,996 |
| | TOPPAN Inc. | 333,172 | 4,969 |
| | Sekisui Chemical Co. Ltd. | 396,660 | 4,954 |
| | Konami Holdings Corp. | 112,906 | 4,949 |
| | Suntory Beverage & Food Ltd. | 147,814 | 4,945 |
| | Kajima Corp. | 520,242 | 4,897 |
| | SUMCO Corp. | 386,252 | 4,896 |
| | TOTO Ltd. | 170,066 | 4,851 |
| | Lixil Corp. | 320,302 | 4,838 |
| | Kurita Water Industries Ltd. | 130,964 | 4,794 |
| | Keio Corp. | 136,325 | 4,780 |
| | BayCurrent Consulting Inc. | 168,470 | 4,727 |
| | Toho Co. Ltd. (XTKS) | 131,999 | 4,694 |
| | Brother Industries Ltd. | 272,357 | 4,640 |
| | Mazda Motor Corp. | 687,232 | 4,627 |
| 2 | Kawasaki Kisen Kaisha Ltd. | 302,542 | 4,588 |
| | Seiko Epson Corp. | 329,113 | 4,468 |
| | Keisei Electric Railway Co. Ltd. | 168,252 | 4,466 |
| | Rakuten Group Inc. | 985,865 | 4,401 |
| | Odakyu Electric Railway Co. Ltd. | 366,756 | 4,360 |
| | Ibiden Co. Ltd. | 127,779 | 4,307 |
| | Square Enix Holdings Co. Ltd. | 95,554 | 4,264 |
| | Orix JREIT Inc. | 3,166 | 4,248 |
| | NGK Spark Plug Co. Ltd. | 232,587 | 4,243 |
| | MonotaRO Co. Ltd. | 277,516 | 4,213 |
| | Persol Holdings Co. Ltd. | 208,911 | 4,183 |
| | Concordia Financial Group Ltd. | 1,353,833 | 4,131 |
| | Azbil Corp. | 151,896 | 4,128 |
| | CyberAgent Inc. | 500,612 | 4,113 |
| | NIPPON Experes Holding Inc. | 81,651 | 4,103 |
| | Toyo Suisan Kaisha Ltd. | 108,775 | 4,081 |
| | Hoshizaki Corp. | 142,312 | 4,077 |
| | | Shares | Market
Value•
($000) |
| | Kyushu Railway Co. | 194,170 | 4,061 |
| | Chiba Bank Ltd. | 735,766 | 4,031 |
| | Asahi Intecc Co. Ltd. | 234,852 | 4,001 |
| | Sojitz Corp. | 271,053 | 3,996 |
| | JSR Corp. | 206,968 | 3,933 |
| | Taiyo Yuden Co. Ltd. | 144,281 | 3,926 |
| | Mitsui Chemicals Inc. | 210,988 | 3,905 |
| | Otsuka Corp. | 122,174 | 3,848 |
| | Koito Manufacturing Co. Ltd. | 270,842 | 3,845 |
| | USS Co. Ltd. | 253,657 | 3,827 |
| | Kobayashi Pharmaceutical Co. Ltd. | 71,614 | 3,800 |
| | United Urban Investment Corp. | 3,558 | 3,764 |
| | Shizuoka Financial Group Inc. | 592,899 | 3,744 |
| | GMO Payment Gateway Inc. | 51,992 | 3,739 |
| | Tokyu Fudosan Holdings Corp. | 734,319 | 3,726 |
| | Isetan Mitsukoshi Holdings Ltd. | 418,713 | 3,719 |
| | Kose Corp. | 37,166 | 3,710 |
| | Nikon Corp. | 383,304 | 3,707 |
| | NGK Insulators Ltd. | 315,505 | 3,681 |
| | Marui Group Co. Ltd. | 224,458 | 3,672 |
| | Tosoh Corp. | 335,573 | 3,651 |
| | Nagoya Railroad Co. Ltd. | 237,650 | 3,641 |
| | Rohto Pharmaceutical Co. Ltd. | 116,547 | 3,626 |
| | Oji Holdings Corp. | 1,045,009 | 3,623 |
| | Ebara Corp. | 111,430 | 3,621 |
| | Hulic Co. Ltd. | 494,541 | 3,593 |
| | Nihon M&A Center Holdings Inc. | 317,924 | 3,587 |
| 2 | Kobe Bussan Co. Ltd. | 164,800 | 3,575 |
| * | ANA Holdings Inc. | 181,701 | 3,532 |
| | Japan Post Insurance Co. Ltd. | 236,176 | 3,496 |
| | Advance Residence Investment Corp. | 1,498 | 3,488 |
| | Nisshin Seifun Group Inc. | 314,805 | 3,402 |
| | Nippon Shinyaku Co. Ltd. | 61,160 | 3,386 |
| | Fukuoka Financial Group Inc. | 198,026 | 3,370 |
| | IHI Corp. | 149,765 | 3,340 |
| | Tokyo Tatemono Co. Ltd. | 240,039 | 3,301 |
| | Hikari Tsushin Inc. | 27,295 | 3,297 |
| | Haseko Corp. | 315,491 | 3,249 |
| | Japan Post Bank Co. Ltd. | 484,103 | 3,226 |
| | Mitsubishi HC Capital Inc. (XTKS) | 751,329 | 3,224 |
| | Asics Corp. | 209,105 | 3,204 |
| * | Japan Airlines Co. Ltd. | 170,241 | 3,180 |
| | Keikyu Corp. | 309,204 | 3,174 |
| | Showa Denko KK | 216,966 | 3,167 |
| | Shimizu Corp. | 633,048 | 3,159 |
| | Lion Corp. | 308,221 | 3,115 |
| | JGC Holdings Corp. | 258,014 | 3,103 |
| | Keihan Holdings Co. Ltd. | 120,243 | 3,093 |
| | Kawasaki Heavy Industries Ltd. | 181,255 | 3,083 |
| | Bank of Kyoto Ltd. | 85,235 | 3,072 |
| | | Shares | Market
Value•
($000) |
| | Nomura Real Estate Holdings Inc. | 135,720 | 3,068 |
| | TechnoPro Holdings Inc. | 127,123 | 3,050 |
| | Yamada Denki Co. Ltd. | 933,773 | 3,009 |
| | Japan Prime Realty Investment Corp. | 1,108 | 3,009 |
| | Skylark Holdings Co. Ltd. | 279,967 | 2,987 |
| | Zensho Holdings Co. Ltd. | 119,070 | 2,972 |
| | Santen Pharmaceutical Co. Ltd. | 434,207 | 2,971 |
| | Open House Co. Ltd. | 83,524 | 2,971 |
| | Rinnai Corp. | 43,436 | 2,956 |
| | NOF Corp. | 84,672 | 2,912 |
| | Kuraray Co. Ltd. | 416,567 | 2,865 |
| | Japan Hotel REIT Investment Corp. | 5,437 | 2,865 |
| | Stanley Electric Co. Ltd. | 167,749 | 2,852 |
| | SCREEN Holdings Co. Ltd. | 51,917 | 2,850 |
| | Nabtesco Corp. | 133,821 | 2,842 |
| | NSK Ltd. | 535,610 | 2,831 |
| | Electric Power Development Co. Ltd. | 202,608 | 2,818 |
| | NH Foods Ltd. | 117,560 | 2,802 |
| | Tsuruha Holdings Inc. | 47,531 | 2,761 |
| | Mitsubishi Gas Chemical Co. Inc. | 215,890 | 2,743 |
| | ZOZO Inc. | 129,268 | 2,743 |
| | Activia Properties Inc. | 922 | 2,731 |
| | Kansai Paint Co. Ltd. | 208,686 | 2,723 |
| | Amada Co. Ltd. | ��384,869 | 2,707 |
| | Kyushu Electric Power Co. Inc. | 544,278 | 2,695 |
| | Sumitomo Forestry Co. Ltd. | 172,286 | 2,695 |
| | Nankai Electric Railway Co. Ltd. | 132,390 | 2,678 |
| * | Japan Airport Terminal Co. Ltd. | 62,383 | 2,670 |
| | Itochu Techno-Solutions Corp. | 115,014 | 2,666 |
| | Nippon Sanso Holdings Corp. | 167,432 | 2,666 |
| | Sekisui House REIT Inc. | 4,916 | 2,649 |
| | Aozora Bank Ltd. | 153,221 | 2,636 |
| | Ryohin Keikaku Co. Ltd. | 276,000 | 2,597 |
| | Kakaku.com Inc. | 153,069 | 2,589 |
| | Sumitomo Heavy Industries Ltd. | 134,803 | 2,555 |
| | Koei Tecmo Holdings Co. Ltd. | 169,186 | 2,553 |
| * | Mitsubishi Motors Corp. | 751,191 | 2,531 |
| | Mitsubishi Materials Corp. | 191,768 | 2,507 |
| | Hakuhodo DY Holdings Inc. | 296,343 | 2,497 |
| | Welcia Holdings Co. Ltd. | 119,464 | 2,497 |
| | Yokohama Rubber Co. Ltd. | 159,212 | 2,490 |
| | Alfresa Holdings Corp. | 215,600 | 2,482 |
| | Hitachi Construction Machinery Co. Ltd. | 126,537 | 2,476 |
| | Tokyo Century Corp. | 72,383 | 2,469 |
| | Goldwin Inc. | 46,632 | 2,435 |
| | Hitachi Transport System Ltd. | 40,499 | 2,424 |
| | Miura Co. Ltd. | 119,043 | 2,424 |
| | | Shares | Market
Value•
($000) |
| | Denka Co. Ltd. | 104,571 | 2,422 |
| | J Front Retailing Co. Ltd. | 298,238 | 2,411 |
| | SCSK Corp. | 162,415 | 2,396 |
| | Air Water Inc. | 214,169 | 2,391 |
| | Industrial & Infrastructure Fund Investment Corp. | 2,263 | 2,390 |
| | Tohoku Electric Power Co. Inc. | 566,840 | 2,381 |
| | Sega Sammy Holdings Inc. | 185,967 | 2,379 |
| | Cosmo Energy Holdings Co. Ltd. | 92,309 | 2,378 |
| | THK Co. Ltd. | 136,299 | 2,377 |
| | Mebuki Financial Group Inc. | 1,219,170 | 2,371 |
| | Ito En Ltd. | 66,834 | 2,354 |
| | Nifco Inc. | 101,210 | 2,351 |
| | Casio Computer Co. Ltd. | 269,360 | 2,341 |
| | LaSalle Logiport REIT | 2,182 | 2,329 |
| | Oracle Corp. Japan | 43,617 | 2,324 |
| | SHO-BOND Holdings Co. Ltd. | 53,486 | 2,314 |
| | Cosmos Pharmaceutical Corp. | 23,726 | 2,295 |
| | Iida Group Holdings Co. Ltd. | 164,838 | 2,289 |
| | Japan Logistics Fund Inc. | 1,068 | 2,288 |
| | Nippon Accommodations Fund Inc. | 534 | 2,274 |
| | Kamigumi Co. Ltd. | 118,585 | 2,255 |
| | Seibu Holdings Inc. | 250,104 | 2,239 |
| | AEON REIT Investment Corp. | 2,071 | 2,230 |
| | Hisamitsu Pharmaceutical Co. Inc. | 89,903 | 2,218 |
| | Zenkoku Hosho Co. Ltd. | 66,965 | 2,210 |
| | COMSYS Holdings Corp. | 133,691 | 2,190 |
| | Sanwa Holdings Corp. | 252,374 | 2,174 |
| | Iwatani Corp. | 59,011 | 2,173 |
| | Kenedix Office Investment Corp. | 952 | 2,169 |
| | Ulvac Inc. | 54,975 | 2,167 |
| | Medipal Holdings Corp. | 172,951 | 2,144 |
| | Takashimaya Co. Ltd. | 172,957 | 2,140 |
| | Sohgo Security Services Co. Ltd. | 85,789 | 2,138 |
| | Alps Alpine Co. Ltd. | 247,620 | 2,127 |
| | Teijin Ltd. | 232,306 | 2,109 |
| * | Park24 Co. Ltd. | 157,712 | 2,102 |
| | Mori Hills REIT Investment Corp. | 1,913 | 2,095 |
| | Suzuken Co. Ltd. | 93,393 | 2,079 |
| | Nihon Kohden Corp. | 92,151 | 2,063 |
| | NET One Systems Co. Ltd. | 100,012 | 2,054 |
| | Toyo Seikan Group Holdings Ltd. | 179,431 | 2,052 |
| | Shimamura Co. Ltd. | 25,351 | 2,050 |
| | Credit Saison Co. Ltd. | 190,525 | 2,036 |
| | Food & Life Cos. Ltd. | 120,368 | 2,025 |
| | Mitsui Fudosan Logistics Park Inc. | 610 | 2,024 |
| | Toho Gas Co. Ltd. | 108,382 | 2,019 |
| | Nichirei Corp. | 129,301 | 2,011 |
| | | Shares | Market
Value•
($000) |
| | Internet Initiative Japan Inc. | 127,792 | 2,006 |
| | Shinko Electric Industries Co. Ltd. | 83,193 | 1,999 |
| | Sanrio Co. Ltd. | 74,176 | 1,978 |
| | JTEKT Corp. | 279,210 | 1,971 |
| | Kadokawa Corp. | 109,788 | 1,966 |
| | Kewpie Corp. | 123,674 | 1,952 |
| * | SHIFT Inc. | 12,500 | 1,952 |
| | Fujikura Ltd. | 328,122 | 1,943 |
| | Fujitec Co. Ltd. | 97,540 | 1,937 |
| | Frontier Real Estate Investment Corp. | 547 | 1,931 |
| | Sankyu Inc. | 64,568 | 1,925 |
| | Kagome Co. Ltd. | 96,134 | 1,921 |
| | Sundrug Co. Ltd. | 82,593 | 1,921 |
| | Taisho Pharmaceutical Holdings Co. Ltd. | 53,010 | 1,912 |
| | Horiba Ltd. | 46,420 | 1,904 |
| | Hulic REIT Inc. | 1,624 | 1,902 |
| | Sumitomo Rubber Industries Ltd. | 221,245 | 1,898 |
| | Invincible Investment Corp. | 6,014 | 1,888 |
| | Kaneka Corp. | 75,530 | 1,873 |
| | Daicel Corp. | 327,879 | 1,871 |
| | Taiheiyo Cement Corp. | 137,236 | 1,865 |
| | Calbee Inc. | 92,050 | 1,849 |
| | INFRONEER Holdings Inc. | 266,595 | 1,848 |
| | Ship Healthcare Holdings Inc. | 95,810 | 1,838 |
| | EXEO Group Inc. | 125,284 | 1,836 |
| | Hachijuni Bank Ltd. | 575,306 | 1,835 |
| | Daiwa Securities Living Investments Corp. | 2,361 | 1,833 |
| | Lawson Inc. | 56,971 | 1,820 |
| | Nishi-Nippon Railroad Co. Ltd. | 92,647 | 1,817 |
| | Nippon Gas Co. Ltd. | 124,551 | 1,809 |
| | Tsumura & Co. | 86,465 | 1,806 |
| | Jeol Ltd. | 49,224 | 1,801 |
| | Relo Group Inc. | 127,616 | 1,799 |
| | Mitsubishi Logistics Corp. | 82,000 | 1,799 |
| | Tokyu REIT Inc. | 1,246 | 1,775 |
| | Kenedix Residential Next Investment Corp. | 1,211 | 1,775 |
| | ADEKA Corp. | 118,438 | 1,771 |
| | Nihon Unisys Ltd. | 81,599 | 1,763 |
| | Comforia Residential REIT Inc. | 823 | 1,747 |
| | Sapporo Holdings Ltd. | 79,008 | 1,743 |
| | Penta-Ocean Construction Co. Ltd. | 349,575 | 1,739 |
| | Tokyo Ohka Kogyo Co. Ltd. | 40,316 | 1,738 |
| | Anritsu Corp. | 172,553 | 1,737 |
| * | Money Forward Inc. | 60,501 | 1,712 |
| | Konica Minolta Inc. | 559,841 | 1,706 |
| | Dowa Holdings Co. Ltd. | 53,429 | 1,696 |
| | Nippon Electric Glass Co. Ltd. | 97,764 | 1,693 |
| | Pigeon Corp. | 129,195 | 1,692 |
| | Furukawa Electric Co. Ltd. | 109,573 | 1,690 |
| | House Foods Group Inc. | 90,254 | 1,688 |
| | Nippon Kayaku Co. Ltd. | 212,418 | 1,687 |
| | | Shares | Market
Value•
($000) |
| | Chugoku Electric Power Co. Inc. | 359,267 | 1,686 |
| | NTT UD REIT Investment Corp. | 1,706 | 1,671 |
| | Japan Steel Works Ltd. | 80,681 | 1,666 |
| | Sankyo Co. Ltd. | 50,278 | 1,660 |
| | DIC Corp. | 98,419 | 1,652 |
| | Daiseki Co. Ltd. | 53,284 | 1,646 |
| | Yamazaki Baking Co. Ltd. | 161,441 | 1,645 |
| | Sugi Holdings Co. Ltd. | 40,931 | 1,642 |
| | Fancl Corp. | 86,268 | 1,634 |
| | Fujitsu General Ltd. | 71,440 | 1,630 |
| | Hirogin Holdings Inc. | 393,826 | 1,625 |
| | Coca-Cola Bottlers Japan Holdings Inc. | 176,099 | 1,591 |
| | Kobe Steel Ltd. | 387,706 | 1,590 |
| | Meitec Corp. | 94,343 | 1,589 |
| | DMG Mori Co. Ltd. | 136,924 | 1,585 |
| | NSD Co. Ltd. | 92,752 | 1,585 |
| | Nagase & Co. Ltd. | 116,185 | 1,583 |
| | Pilot Corp. | 40,384 | 1,570 |
| | Daiwabo Holdings Co. Ltd. | 121,480 | 1,567 |
| | Yamaguchi Financial Group Inc. | 296,804 | 1,563 |
| | K's Holdings Corp | 198,360 | 1,554 |
| | Tokai Carbon Co. Ltd. | 237,786 | 1,552 |
| | Ushio Inc. | 149,037 | 1,548 |
| | SMS Co. Ltd. | 67,068 | 1,539 |
| | Aeon Mall Co. Ltd. | 140,901 | 1,533 |
| | Bic Camera Inc. | 197,193 | 1,533 |
| | Ube Industries Ltd. | 118,500 | 1,528 |
| | Jafco Co. Ltd. | 98,865 | 1,517 |
| | Nippon Light Metal Holdings Co. Ltd. | 155,434 | 1,515 |
| | Japan Excellent Inc. | 1,635 | 1,512 |
| | Zeon Corp. | 179,314 | 1,511 |
| 2 | Sotetsu Holdings Inc. | 99,438 | 1,506 |
| | AEON Financial Service Co. Ltd. | 153,831 | 1,505 |
| | Mabuchi Motor Co. Ltd. | 55,361 | 1,502 |
| 2 | Aica Kogyo Co. Ltd. | 69,855 | 1,501 |
| | Kinden Corp. | 147,221 | 1,498 |
| | Maruichi Steel Tube Ltd. | 78,727 | 1,486 |
| | Seven Bank Ltd. | 820,072 | 1,479 |
| | NIPPON REIT Investment Corp. | 599 | 1,479 |
| | Katitas Co. Ltd. | 66,000 | 1,477 |
| | Toyo Tire Corp. | 125,430 | 1,471 |
| | Iyogin Holdings Inc. | 312,825 | 1,468 |
| | DeNA Co. Ltd. | 112,335 | 1,465 |
| | Takara Holdings Inc. | 209,179 | 1,455 |
| | Toyoda Gosei Co. Ltd. | 90,959 | 1,454 |
| | Gunma Bank Ltd. | 532,872 | 1,453 |
| | Mitsubishi Estate Logistics REIT Investment Corp. | 489 | 1,447 |
| | Mitsui Mining & Smelting Co. Ltd. | 71,245 | 1,439 |
| 2 | Sharp Corp. | 239,015 | 1,434 |
| | Sumitomo Dainippon Pharma Co. Ltd. | 205,462 | 1,431 |
| | Kokuyo Co. Ltd. | 114,707 | 1,423 |
| | Toda Corp. | 284,020 | 1,420 |
| | GS Yuasa Corp. | 92,838 | 1,413 |
| | Daiwa Office Investment Corp. | 299 | 1,413 |
| | Rengo Co. Ltd. | 254,026 | 1,411 |
| | | Shares | Market
Value•
($000) |
| | Citizen Watch Co. Ltd. | 332,281 | 1,395 |
| * | Hino Motors Ltd. | 329,956 | 1,371 |
| | Topcon Corp. | 124,614 | 1,363 |
| | Hoshino Resorts REIT Inc. | 286 | 1,358 |
| | Kenedix Retail REIT Corp. | 750 | 1,348 |
| | Chugin Financial Group Inc. | 222,301 | 1,340 |
| | Heiwa Real Estate REIT Inc. | 1,290 | 1,337 |
| | Ain Holdings Inc. | 31,807 | 1,336 |
| | Fuji Corp. | 101,136 | 1,335 |
| | Toagosei Co. Ltd. | 173,714 | 1,335 |
| | Daiichikosho Co. Ltd. | 46,407 | 1,331 |
| | Yoshinoya Holdings Co. Ltd. | 84,602 | 1,330 |
| | Amano Corp. | 77,480 | 1,326 |
| | Mitsui High-Tec Inc. | 25,388 | 1,312 |
| | Canon Marketing Japan Inc. | 61,989 | 1,308 |
| | Ezaki Glico Co. Ltd. | 58,158 | 1,308 |
| | ABC-Mart Inc. | 29,266 | 1,304 |
| | Macnica Fuji Electronics Holdings Inc. | 65,159 | 1,303 |
| | Kureha Corp. | 20,226 | 1,299 |
| 2 | Kyushu Financial Group Inc. | 512,591 | 1,296 |
| | Descente Ltd. | 53,888 | 1,293 |
| | Sawai Group Holdings Co. Ltd. | 44,748 | 1,292 |
| | H.U. Group Holdings Inc. | 69,042 | 1,285 |
| | Benesse Holdings Inc. | 86,818 | 1,281 |
| | GMO internet Inc. | 74,312 | 1,281 |
| | Fuji Soft Inc. | 23,503 | 1,279 |
| | Dexerials Corp. | 54,880 | 1,278 |
| | Hitachi Zosen Corp. | 221,534 | 1,277 |
| | Rakus Co. Ltd | 115,001 | 1,277 |
| | Mizuho Leasing Co. Ltd. | 58,566 | 1,276 |
| | Nippon Shokubai Co. Ltd. | 35,452 | 1,272 |
| | Inabata & Co. Ltd. | 76,898 | 1,270 |
| | NOK Corp. | 154,029 | 1,260 |
| | Hazama Ando Corp. | 216,859 | 1,257 |
| | Kyoritsu Maintenance Co. Ltd. | 30,488 | 1,256 |
| | Tokyo Seimitsu Co. Ltd. | 41,721 | 1,255 |
| | TS Tech Co. Ltd. | 120,022 | 1,255 |
| | Inaba Denki Sangyo Co. Ltd. | 67,160 | 1,254 |
| | Morinaga Milk Industry Co. Ltd. | 44,113 | 1,252 |
| | FP Corp. | 52,286 | 1,244 |
| | OSG Corp. | 96,997 | 1,233 |
| | Asahi Holdings Inc. | 96,716 | 1,233 |
| | OKUMA Corp. | 36,340 | 1,216 |
| | Mani Inc. | 83,215 | 1,212 |
| * | PeptiDream Inc. | 110,730 | 1,211 |
| | As One Corp. | 28,384 | 1,210 |
| | Seino Holdings Co. Ltd. | 156,810 | 1,205 |
| | Resorttrust Inc. | 77,894 | 1,199 |
| | Sakata Seed Corp. | 36,350 | 1,198 |
| | Nippon Suisan Kaisha Ltd. | 334,975 | 1,193 |
| | Shinsei Bank Ltd. | 80,035 | 1,191 |
| * | RENOVA Inc. | 54,000 | 1,185 |
| | Duskin Co. Ltd. | 60,895 | 1,168 |
| 2 | 77 Bank Ltd. | 96,070 | 1,164 |
| | | Shares | Market
Value•
($000) |
| | Wacoal Holdings Corp. | 72,167 | 1,162 |
| | Menicon Co. Ltd. | 68,084 | 1,162 |
| | Digital Garage Inc. | 48,348 | 1,158 |
| | Fuyo General Lease Co. Ltd. | 20,811 | 1,157 |
| | Nikkon Holdings Co. Ltd. | 73,953 | 1,155 |
| | Tomy Co. Ltd. | 131,386 | 1,154 |
| | Kanematsu Corp. | 116,514 | 1,153 |
| | NHK Spring Co. Ltd. | 208,041 | 1,153 |
| | Nichias Corp. | 73,739 | 1,138 |
| | DCM Holdings Co. Ltd. | 142,862 | 1,113 |
| | Kotobuki Spirits Co. Ltd. | 21,613 | 1,108 |
| | Morinaga & Co. Ltd. | 44,310 | 1,108 |
| | JCR Pharmaceuticals Co. Ltd. | 74,432 | 1,106 |
| | Hokuhoku Financial Group Inc. | 183,705 | 1,104 |
| | Heiwa Corp. | 68,256 | 1,101 |
| | Tokuyama Corp. | 94,382 | 1,101 |
| | Mori Trust Sogo REIT Inc. | 1,092 | 1,090 |
| | Nishi-Nippon Financial Holdings Inc. | 213,342 | 1,088 |
| | Yamato Kogyo Co. Ltd. | 37,354 | 1,085 |
| | Tsubakimoto Chain Co. | 50,644 | 1,084 |
| | Pola Orbis Holdings Inc. | 97,552 | 1,077 |
| | Maruwa Co. Ltd. | 9,162 | 1,076 |
| | Outsourcing Inc. | 137,530 | 1,071 |
| | Fukuoka REIT Corp. | 906 | 1,058 |
| | Yaoko Co. Ltd. | 24,301 | 1,057 |
| | Benefit One Inc. | 76,380 | 1,057 |
| | Glory Ltd. | 68,043 | 1,049 |
| | Daishi Hokuetsu Financial Group Inc. | 59,348 | 1,048 |
| 2 | TOKAI Holdings Corp. | 175,375 | 1,047 |
| | Takeuchi Manufacturing Co. Ltd. | 51,841 | 1,045 |
| 2 | Central Glass Co. Ltd. | 44,116 | 1,042 |
| | Japan Elevator Service Holdings Co. Ltd. | 88,000 | 1,038 |
| | Hanwa Co. Ltd. | 42,529 | 1,029 |
| | Toho Holdings Co. Ltd. | 75,660 | 1,029 |
| | PALTAC Corp. | 36,052 | 1,024 |
| | Daido Steel Co. Ltd. | 39,445 | 1,023 |
| | DTS Corp. | 42,612 | 1,013 |
| | Acom Co. Ltd. | 461,926 | 1,009 |
| | Lintec Corp. | 67,267 | 1,009 |
| | Nisshinbo Holdings Inc. | 144,211 | 1,000 |
| | Okumura Corp. | 52,785 | 998 |
| | Colowide Co. Ltd. | 81,237 | 997 |
| | Heiwa Real Estate Co. Ltd. | 35,835 | 994 |
| | Hankyu Hanshin REIT Inc. | 954 | 990 |
| | Toyota Boshoku Corp. | 77,426 | 985 |
| | Mirait Holdings Corp. | 102,138 | 982 |
| | Shoei Co. Ltd. | 26,600 | 981 |
| | NTN Corp. | 543,617 | 968 |
| | Toei Co. Ltd. | 7,868 | 966 |
| | Nipro Corp. | 127,448 | 961 |
| | Fuji Oil Holdings Inc. | 60,990 | 960 |
| | Sumitomo Bakelite Co. Ltd. | 35,350 | 957 |
| | Takasago Thermal Engineering Co. Ltd. | 78,698 | 957 |
| | Round One Corp. | 224,303 | 954 |
| | Toridoll Holdings Corp. | 48,900 | 951 |
| | | Shares | Market
Value•
($000) |
| | OBIC Business Consultants Co. Ltd. | 33,006 | 949 |
| | EDION Corp. | 118,957 | 944 |
| | Kaken Pharmaceutical Co. Ltd. | 36,739 | 940 |
| | Nippon Soda Co. Ltd. | 31,472 | 939 |
| | Tadano Ltd. | 153,066 | 936 |
| | Shiga Bank Ltd. | 54,864 | 929 |
| * | Shochiku Co. Ltd. | 11,656 | 925 |
| | Izumi Co. Ltd. | 45,815 | 924 |
| | Japan Petroleum Exploration Co. Ltd. | 35,537 | 923 |
| | CKD Corp. | 74,345 | 912 |
| | Kyudenko Corp. | 42,818 | 908 |
| | Toyobo Co. Ltd. | 129,692 | 906 |
| | Fujimi Inc. | 21,610 | 902 |
| | KH Neochem Co. Ltd. | 52,637 | 898 |
| | Shikoku Electric Power Co. Inc. | 186,125 | 895 |
| * | Atom Corp. | 167,951 | 892 |
| | H2O Retailing Corp. | 105,800 | 890 |
| | Aiful Corp. | 325,542 | 887 |
| | Infomart Corp. | 274,232 | 887 |
| | Kusuri no Aoki Holdings Co. Ltd. | 18,326 | 883 |
| * | Sansan Inc. | 88,685 | 879 |
| | NEC Networks & System Integration Corp. | 81,785 | 876 |
| | Milbon Co. Ltd. | 21,014 | 866 |
| | Mixi Inc. | 54,842 | 860 |
| | C Uyemura & Co. Ltd. | 18,800 | 860 |
| | Systena Corp. | 305,620 | 857 |
| | Gakken Holdings Co. Ltd. | 129,012 | 851 |
| | Fuji Kyuko Co. Ltd. | 27,093 | 838 |
| | NS Solutions Corp. | 36,148 | 831 |
| | Information Services International-Dentsu Ltd. | 26,892 | 822 |
| | Japan Material Co. Ltd. | 62,436 | 822 |
| | Itoham Yonekyu Holdings Inc. | 182,836 | 818 |
| | JMDC Inc. | 23,100 | 818 |
| *,2 | W-Scope Corp. | 63,083 | 815 |
| | Japan Aviation Electronics Industry Ltd. | 52,291 | 814 |
| | Hokuetsu Corp. | 156,756 | 813 |
| | San-In Godo Bank Ltd. | 170,798 | 813 |
| | Sumitomo Osaka Cement Co. Ltd. | 38,026 | 810 |
| | Justsystems Corp. | 38,442 | 809 |
| | Kumiai Chemical Industry Co. Ltd. | 122,337 | 804 |
| | Monex Group Inc. | 230,618 | 801 |
| | Global One Real Estate Investment Corp. | 1,038 | 801 |
| | Takuma Co. Ltd. | 96,352 | 800 |
| | Paramount Bed Holdings Co. Ltd. | 44,922 | 800 |
| | Premium Group Co. Ltd. | 67,200 | 796 |
| | BeNext-Yumeshin Group Co. | 65,474 | 790 |
| | Nextage Co. Ltd. | 41,000 | 790 |
| | Hokkoku Financial Holdings Inc. | 25,784 | 787 |
| | Meidensha Corp. | 59,015 | 785 |
| | | Shares | Market
Value•
($000) |
| | Wacom Co. Ltd. | 179,031 | 777 |
| | Trusco Nakayama Corp. | 58,018 | 777 |
| | Nippon Paper Industries Co. Ltd. | 132,509 | 771 |
| | Makino Milling Machine Co. Ltd. | 24,913 | 770 |
| | Toshiba TEC Corp. | 29,687 | 769 |
| | Takara Bio Inc. | 65,386 | 765 |
| | CRE Logistics REIT Inc. | 555 | 764 |
| | Daio Paper Corp. | 102,566 | 757 |
| | Joyful Honda Co. Ltd. | 61,614 | 751 |
| | Sumitomo Warehouse Co. Ltd. | 55,136 | 748 |
| | Seiren Co. Ltd. | 47,682 | 747 |
| | Senko Group Holdings Co. Ltd. | 111,810 | 747 |
| | Tokyo Steel Manufacturing Co. Ltd. | 85,749 | 736 |
| | Okamura Corp. | 79,823 | 735 |
| | TKC Corp. | 28,464 | 727 |
| | Sanken Electric Co. Ltd. | 21,196 | 726 |
| | Nishimatsu Construction Co. Ltd. | 29,721 | 724 |
| | Mirai Corp. | 2,234 | 720 |
| | Raito Kogyo Co. Ltd. | 52,688 | 719 |
| | Valor Holdings Co. Ltd. | 61,925 | 716 |
| | Ichigo Office REIT Investment Corp. | 1,268 | 716 |
| | Taikisha Ltd. | 30,167 | 712 |
| 2 | Create Restaurants Holdings Inc. | 112,376 | 709 |
| | Ariake Japan Co. Ltd. | 20,417 | 707 |
| | Fuji Pharma Co. Ltd. | 97,900 | 705 |
| | Transcosmos Inc. | 30,577 | 703 |
| | Royal Holdings Co. Ltd. | 43,779 | 700 |
| | Fukuyama Transporting Co. Ltd. | 32,045 | 699 |
| | Oki Electric Industry Co. Ltd. | 138,910 | 689 |
| | Tokai Rika Co. Ltd. | 65,870 | 687 |
| | Nichicon Corp. | 72,014 | 678 |
| | Mochida Pharmaceutical Co. Ltd. | 29,380 | 677 |
| | Juroku Financial Group Inc. | 40,237 | 676 |
| | eRex Co. Ltd. | 39,661 | 671 |
| | Nomura Co. Ltd. | 91,540 | 669 |
| | Itochu Advance Logistics Investment Corp. | 683 | 668 |
| | Fuji Seal International Inc. | 56,703 | 664 |
| | Sangetsu Corp. | 62,705 | 664 |
| | SOSiLA Logistics REIT Inc. | 691 | 662 |
| | Iriso Electronics Co. Ltd. | 22,707 | 658 |
| | Kiyo Bank Ltd. | 68,000 | 655 |
| | Dip Corp. | 23,406 | 655 |
| | Taiyo Holdings Co. Ltd. | 37,140 | 655 |
| | Sanki Engineering Co. Ltd. | 59,398 | 643 |
| | Seiko Holdings Corp. | 30,293 | 642 |
| | Jaccs Co. Ltd. | 26,484 | 642 |
| | Kandenko Co. Ltd. | 114,114 | 641 |
| | Kissei Pharmaceutical Co. Ltd. | 36,252 | 640 |
| | Prima Meat Packers Ltd. | 48,365 | 640 |
| | | Shares | Market
Value•
($000) |
| | Star Asia Investment Corp. | 1,651 | 630 |
| | ZERIA Pharmaceutical Co. Ltd. | 42,105 | 627 |
| | MOS Food Services Inc. | 29,486 | 626 |
| *,2 | HIS Co. Ltd. | 44,648 | 619 |
| | Nippon Steel Trading Corp. | 17,935 | 617 |
| | Hokuriku Electric Power Co. | 183,842 | 616 |
| | Hosiden Corp. | 58,434 | 616 |
| | Noevir Holdings Co. Ltd. | 16,627 | 615 |
| | Funai Soken Holdings Inc. | 34,456 | 614 |
| | Nihon Parkerizing Co. Ltd. | 94,451 | 614 |
| | Sala Corp. | 115,800 | 614 |
| | Autobacs Seven Co. Ltd. | 64,414 | 613 |
| | Daihen Corp. | 23,607 | 609 |
| | Starts Corp. Inc. | 34,360 | 607 |
| | eGuarantee Inc. | 37,600 | 607 |
| | en japan Inc. | 34,800 | 605 |
| | Optex Group Co. Ltd. | 43,868 | 604 |
| | Avant Corp. | 60,500 | 600 |
| | Maruha Nichiro Corp. | 38,832 | 599 |
| | Matsui Securities Co. Ltd. | 111,123 | 592 |
| | Tokai Tokyo Financial Holdings Inc. | 254,834 | 584 |
| | Hokkaido Electric Power Co. Inc. | 190,470 | 580 |
| | Nippn Corp. | 54,963 | 579 |
| *,2 | euglena Co. Ltd. | 96,608 | 578 |
| | Max Co. Ltd. | 40,518 | 577 |
| | Kumagai Gumi Co. Ltd. | 34,037 | 575 |
| | San-A Co. Ltd. | 19,616 | 572 |
| | Nojima Corp. | 68,700 | 572 |
| | Earth Corp. | 16,539 | 572 |
| | Nachi-Fujikoshi Corp. | 21,713 | 569 |
| | Saizeriya Co. Ltd. | 29,981 | 559 |
| | Japan Wool Textile Co. Ltd. | 83,200 | 558 |
| | Nichiha Corp. | 29,468 | 558 |
| 2 | Toho Titanium Co. Ltd. | 36,950 | 557 |
| | Kaga Electronics Co. Ltd. | 18,718 | 555 |
| | Idec Corp. | 25,879 | 554 |
| | Musashi Seimitsu Industry Co. Ltd. | 47,904 | 553 |
| | Ai Holdings Corp. | 37,236 | 551 |
| | KYB Corp. | 25,127 | 550 |
| | Procrea Holdings Inc. | 39,010 | 549 |
| | Suruga Bank Ltd. | 205,883 | 545 |
| | Aichi Financial Group Inc. | 42,643 | 545 |
| | Ichibanya Co. Ltd. | 17,624 | 544 |
| | Nanto Bank Ltd. | 37,921 | 543 |
| | Fuji Co. Ltd. | 43,416 | 537 |
| | Kanamoto Co. Ltd. | 37,175 | 537 |
| | GungHo Online Entertainment Inc. | 36,234 | 536 |
| | Arcs Co. Ltd. | 40,041 | 534 |
| | Base Co. Ltd. | 18,600 | 534 |
| | Japan Securities Finance Co. Ltd. | 88,981 | 533 |
| | Toyo Ink SC Holdings Co. Ltd. | 40,822 | 526 |
| | Rorze Corp. | 10,456 | 525 |
| | Nisshin Oillio Group Ltd. | 24,390 | 523 |
| | Riken Keiki Co. Ltd. | 19,020 | 523 |
| | | Shares | Market
Value•
($000) |
| * | Leopalace21 Corp. | 274,076 | 522 |
| | m-up Holdings Inc. | 49,500 | 522 |
| | Nagawa Co. Ltd. | 10,400 | 519 |
| | Awa Bank Ltd. | 41,023 | 516 |
| | Megmilk Snow Brand Co. Ltd. | 47,106 | 513 |
| *,2 | Raksul Inc. | 26,100 | 513 |
| | Kato Sangyo Co. Ltd. | 21,899 | 512 |
| | Japan Lifeline Co. Ltd. | 75,708 | 511 |
| | ASKUL Corp. | 48,910 | 511 |
| | Fuso Chemical Co. Ltd. | 22,612 | 511 |
| | Nissha Co. Ltd. | 43,428 | 511 |
| 2 | Hyakugo Bank Ltd. | 230,738 | 511 |
| | Zojirushi Corp. | 50,698 | 511 |
| | Bank of the Ryukyus Ltd. | 97,442 | 510 |
| | Kohnan Shoji Co. Ltd. | 24,377 | 510 |
| | Financial Products Group Co. Ltd. | 65,118 | 509 |
| | KOMEDA Holdings Co. Ltd. | 30,358 | 507 |
| | Sumitomo Mitsui Construction Co. Ltd. | 171,932 | 505 |
| | Create SD Holdings Co. Ltd. | 23,699 | 505 |
| | Futaba Corp. | 124,500 | 504 |
| | Ogaki Kyoritsu Bank Ltd. | 42,619 | 503 |
| | Samty Residential Investment Corp. | 621 | 502 |
| | Simplex Holdings Inc. | 31,500 | 502 |
| | Osaka Soda Co. Ltd. | 20,619 | 501 |
| | UT Group Co. Ltd. | 30,700 | 500 |
| | Toyo Construction Co. Ltd. | 82,570 | 499 |
| | Star Micronics Co. Ltd. | 43,443 | 498 |
| | Strike Co. Ltd. | 16,130 | 497 |
| | Organo Corp. | 28,772 | 496 |
| | Eizo Corp. | 20,310 | 494 |
| | JINS Holdings Inc. | 16,430 | 494 |
| 2 | OSAKA Titanium Technologies Co. Ltd. | 20,614 | 493 |
| | Totetsu Kogyo Co. Ltd. | 29,670 | 493 |
| | KYORIN Holdings Inc. | 39,787 | 492 |
| | Aeon Hokkaido Corp. | 62,300 | 492 |
| | Komeri Co. Ltd. | 28,070 | 490 |
| | Tocalo Co. Ltd. | 61,156 | 489 |
| 2 | Mitsui-Soko Holdings Co. Ltd. | 23,400 | 488 |
| 2 | Mitsuboshi Belting Ltd. | 22,801 | 485 |
| 2 | Kura Sushi Inc. | 20,710 | 484 |
| | Kitz Corp. | 81,488 | 483 |
| | Orient Corp. | 59,574 | 483 |
| | Showa Sangyo Co. Ltd. | 28,186 | 479 |
| | Nishimatsuya Chain Co. Ltd. | 51,980 | 477 |
| | Shibaura Machine Co. Ltd. | 24,593 | 477 |
| 2 | Gree Inc. | 84,739 | 476 |
| | Monogatari Corp. | 10,342 | 474 |
| | Digital Arts Inc. | 11,256 | 473 |
| 2 | Change Inc. | 35,400 | 473 |
| | MARUKA FURUSATO Corp. | 18,900 | 470 |
| | Mitsubishi Pencil Co. Ltd. | 48,092 | 468 |
| * | Japan Display Inc. | 1,397,339 | 468 |
| | Ohsho Food Service Corp. | 10,950 | 467 |
| | | Shares | Market
Value•
($000) |
| | San-Ai Oil Co. Ltd. | 56,442 | 466 |
| | Iino Kaiun Kaisha Ltd. | 93,495 | 465 |
| | Daiho Corp. | 16,324 | 463 |
| | Maeda Kosen Co. Ltd. | 22,800 | 463 |
| | SKY Perfect JSAT Holdings Inc. | 131,930 | 462 |
| | Hioki EE Corp. | 9,659 | 461 |
| | Yodogawa Steel Works Ltd. | 28,370 | 461 |
| *,2 | Remixpoint Inc. | 140,784 | 461 |
| | Nitto Kogyo Corp. | 27,777 | 460 |
| | BML Inc. | 20,303 | 459 |
| | Nippon Densetsu Kogyo Co. Ltd. | 41,038 | 459 |
| | T Hasegawa Co. Ltd. | 21,599 | 459 |
| | Tri Chemical Laboratories Inc. | 30,500 | 456 |
| | Hogy Medical Co. Ltd. | 20,496 | 455 |
| | Plenus Co. Ltd. | 25,690 | 455 |
| | Towa Pharmaceutical Co. Ltd. | 30,180 | 454 |
| | ESCON Japan REIT Investment Corp. | 584 | 452 |
| | Kameda Seika Co. Ltd. | 14,538 | 449 |
| | Shizuoka Gas Co. Ltd. | 61,038 | 447 |
| | Nitto Boseki Co. Ltd. | 30,169 | 447 |
| | Ryosan Co. Ltd. | 25,278 | 447 |
| | Prestige International Inc. | 92,206 | 445 |
| | Ichigo Inc. | 197,243 | 444 |
| | Insource Co. Ltd. | 22,000 | 444 |
| | Okasan Securities Group Inc. | 186,256 | 443 |
| | MCJ Co. Ltd. | 70,108 | 443 |
| | North Pacific Bank Ltd. | 278,193 | 442 |
| | Future Corp. | 39,232 | 440 |
| | Koa Corp. | 30,569 | 440 |
| 2 | Snow Peak Inc. | 33,400 | 439 |
| | Tokyotokeiba Co. Ltd. | 15,730 | 438 |
| | Asanuma Corp. | 23,800 | 438 |
| | Meiko Electronics Co. Ltd. | 24,718 | 438 |
| 2 | Keiyo Bank Ltd. | 122,153 | 429 |
| | Maxell Ltd. | 51,702 | 429 |
| | UACJ Corp. | 30,169 | 429 |
| | Nissin Electric Co. Ltd. | 45,990 | 427 |
| | Nikkiso Co. Ltd. | 63,820 | 425 |
| | SAMTY Co. Ltd. | 26,900 | 425 |
| | Comture Corp. | 26,100 | 425 |
| | Eiken Chemical Co. Ltd. | 34,156 | 422 |
| | Musashino Bank Ltd. | 36,551 | 422 |
| | Noritz Corp. | 41,141 | 422 |
| | Heiwado Co. Ltd. | 33,262 | 421 |
| | Sankei Real Estate Inc. | 668 | 419 |
| | Maruwa Unyu Kikan Co. Ltd. | 43,988 | 418 |
| | LITALICO Inc. | 19,800 | 418 |
| | S-Pool Inc. | 65,260 | 417 |
| | United Super Markets Holdings Inc. | 59,135 | 416 |
| | Takara Standard Co. Ltd. | 48,381 | 415 |
| | Health Care & Medical Investment Corp. | 302 | 415 |
| | Yuasa Trading Co. Ltd. | 16,626 | 414 |
| | J Trust Co. Ltd. | 94,143 | 413 |
| | Senshu Ikeda Holdings Inc. | 287,964 | 413 |
| | | Shares | Market
Value•
($000) |
| | FULLCAST Holdings Co. Ltd. | 20,596 | 412 |
| | Elecom Co. Ltd. | 44,422 | 412 |
| * | Chiyoda Corp. | 165,808 | 411 |
| | Shima Seiki Manufacturing Ltd. | 29,468 | 411 |
| | Yokogawa Bridge Holdings Corp. | 30,759 | 409 |
| | Riso Kagaku Corp. | 25,583 | 406 |
| 2 | Mandom Corp. | 40,027 | 405 |
| | JCU Corp. | 21,398 | 405 |
| | Token Corp. | 7,666 | 404 |
| | Nippon Signal Co. Ltd. | 59,421 | 403 |
| | Shin Nippon Biomedical Laboratories Ltd. | 22,010 | 403 |
| | Gunze Ltd. | 15,622 | 401 |
| | Nissan Shatai Co. Ltd. | 69,610 | 401 |
| | Mori Trust Hotel REIT Inc. | 422 | 400 |
| | Avex Inc. | 35,555 | 399 |
| 2 | Tokyo Kiraboshi Financial Group Inc. | 27,765 | 398 |
| | FCC Co. Ltd. | 40,838 | 397 |
| | One REIT Inc. | 237 | 395 |
| | Shinmaywa Industries Ltd. | 57,829 | 394 |
| | Yonex Co. Ltd. | 42,528 | 394 |
| * | Nippon Sheet Glass Co. Ltd. | 104,982 | 392 |
| | Sanyo Chemical Industries Ltd. | 13,852 | 392 |
| | Roland Corp. | 13,800 | 392 |
| | PHC Holdings Corp. | 37,200 | 386 |
| | Adastria Co. Ltd. | 28,372 | 385 |
| | Morita Holdings Corp. | 44,916 | 385 |
| | Tamura Corp. | 77,447 | 385 |
| | Yamazen Corp. | 61,892 | 385 |
| | Takara Leben Real Estate Investment Corp. | 562 | 383 |
| | United Arrows Ltd. | 27,878 | 379 |
| | Noritake Co. Ltd. | 13,640 | 379 |
| | Argo Graphics Inc. | 14,500 | 378 |
| | Noritsu Koki Co. Ltd. | 21,005 | 378 |
| | Tosei REIT Investment Corp. | 410 | 378 |
| | Intage Holdings Inc. | 34,150 | 376 |
| 2 | Shoei Foods Corp. | 13,541 | 374 |
| | Curves Holdings Co. Ltd. | 64,368 | 374 |
| | Icom Inc. | 22,100 | 372 |
| | TBS Holdings Inc. | 35,937 | 372 |
| | Bunka Shutter Co. Ltd. | 51,648 | 371 |
| 2 | Okinawa Financial Group Inc. | 26,780 | 371 |
| * | M&A Capital Partners Co. Ltd. | 14,544 | 370 |
| | TRE Holdings Corp. | 34,200 | 369 |
| | Hyakujushi Bank Ltd. | 32,678 | 366 |
| | Topre Corp. | 46,012 | 364 |
| 2 | Aruhi Corp. | 38,721 | 364 |
| | Mitsubishi Shokuhin Co. Ltd. | 17,935 | 363 |
| | Shibaura Mechatronics Corp. | 5,500 | 361 |
| | Raiznext Corp. | 42,823 | 359 |
| | Restar Holdings Corp. | 25,327 | 359 |
| | Yokowo Co. Ltd. | 26,240 | 358 |
| | Aeon Delight Co. Ltd. | 17,814 | 356 |
| | | Shares | Market
Value•
($000) |
| | Arata Corp. | 12,849 | 355 |
| | Koshidaka Holdings Co. Ltd. | 47,268 | 355 |
| | Wakita & Co. Ltd. | 44,899 | 354 |
| | Toyo Tanso Co. Ltd. | 14,135 | 354 |
| | Tsubaki Nakashima Co. Ltd. | 42,602 | 353 |
| *,2 | giftee Inc. | 23,141 | 353 |
| | Fujibo Holdings Inc. | 15,549 | 352 |
| | Shibuya Corp. | 20,404 | 352 |
| | Starts Proceed Investment Corp. | 220 | 351 |
| | Belc Co. Ltd. | 9,158 | 350 |
| | Chudenko Corp. | 25,182 | 348 |
| | Retail Partners Co. Ltd. | 42,200 | 348 |
| | S Foods Inc. | 19,036 | 348 |
| | Bank of Nagoya Ltd. | 16,918 | 347 |
| | SBS Holdings Inc. | 17,800 | 347 |
| | Anicom Holdings Inc. | 86,736 | 347 |
| | Nitta Corp. | 17,811 | 346 |
| | Hamakyorex Co. Ltd. | 15,429 | 345 |
| | Mitsubishi Logisnext Co. Ltd. | 66,861 | 345 |
| | KeePer Technical Laboratory Co. Ltd. | 12,526 | 345 |
| | Exedy Corp. | 29,363 | 344 |
| | Hiday Hidaka Corp. | 27,249 | 342 |
| | Okinawa Electric Power Co. Inc. | 49,344 | 342 |
| | Nagaileben Co. Ltd. | 24,883 | 341 |
| | Nippon Fine Chemical Co. Ltd. | 24,300 | 341 |
| | Mizuno Corp. | 19,815 | 339 |
| | Pacific Industrial Co. Ltd. | 48,092 | 339 |
| | WingArc1st Inc. | 21,100 | 338 |
| | Management Solutions Co. Ltd. | 17,126 | 338 |
| | GLOBERIDE Inc. | 21,500 | 336 |
| | Okamoto Industries Inc. | 13,431 | 335 |
| | Yellow Hat Ltd. | 27,966 | 335 |
| | Sodick Co. Ltd. | 64,514 | 335 |
| | Taihei Dengyo Kaisha Ltd. | 15,130 | 334 |
| | Midac Holdings Co. Ltd. | 13,435 | 334 |
| | Geo Holdings Corp. | 25,464 | 333 |
| | Tsugami Corp. | 44,462 | 333 |
| | RS Technologies Co. Ltd. | 6,700 | 332 |
| | Axial Retailing Inc. | 14,534 | 331 |
| | Kanematsu Electronics Ltd. | 11,145 | 331 |
| | Sakata INX Corp. | 46,206 | 331 |
| | Itochu Enex Co. Ltd. | 47,888 | 330 |
| | Kisoji Co. Ltd. | 22,300 | 330 |
| | Nippon Ceramic Co. Ltd. | 18,810 | 327 |
| | Trancom Co. Ltd. | 6,372 | 326 |
| | PAL GROUP Holdings Co. Ltd. | 22,702 | 324 |
| | Ryoyo Electro Corp. | 21,006 | 324 |
| | Sanyo Denki Co. Ltd. | 8,859 | 324 |
| 2 | TOMONY Holdings Inc. | 148,808 | 323 |
| | Maruzen Showa Unyu Co. Ltd. | 15,738 | 321 |
| | Ki-Star Real Estate Co. Ltd. | 10,300 | 319 |
| | Ringer Hut Co. Ltd. | 21,598 | 318 |
| | Arcland Sakamoto Co. Ltd. | 31,880 | 316 |
| | | Shares | Market
Value•
($000) |
| | Konoike Transport Co. Ltd. | 30,059 | 316 |
| | Aida Engineering Ltd. | 54,234 | 315 |
| | Cybozu Inc. | 24,588 | 314 |
| | Piolax Inc. | 25,288 | 314 |
| | Ricoh Leasing Co. Ltd. | 12,837 | 313 |
| | Fuji Media Holdings Inc. | 44,884 | 312 |
| | Aoyama Trading Co. Ltd. | 44,682 | 312 |
| | Zuken Inc. | 13,835 | 312 |
| | Weathernews Inc. | 5,974 | 311 |
| | Tsurumi Manufacturing Co. Ltd. | 20,904 | 311 |
| 2 | Fujimori Kogyo Co. Ltd. | 14,830 | 310 |
| | Keihanshin Building Co. Ltd. | 34,831 | 309 |
| | Oyo Corp. | 20,302 | 308 |
| | Bell System24 Holdings Inc. | 32,948 | 306 |
| | Megachips Corp. | 17,817 | 305 |
| | Nippon Koei Co. Ltd. | 13,635 | 305 |
| *,2 | Oisix ra daichi Inc. | 27,054 | 305 |
| | Japan Pulp & Paper Co. Ltd. | 9,849 | 304 |
| | Daito Pharmaceutical Co. Ltd. | 17,650 | 304 |
| | Giken Ltd. | 14,037 | 302 |
| 2 | Hakuto Co. Ltd. | 11,645 | 300 |
| | Micronics Japan Co. Ltd. | 32,347 | 299 |
| | Tamron Co. Ltd. | 13,427 | 298 |
| | Toa Corp. | 18,218 | 298 |
| | Nippon Pillar Packing Co. Ltd. | 18,200 | 298 |
| | Tokyu Construction Co. Ltd. | 70,780 | 297 |
| | Fukushima Galilei Co. Ltd. | 10,748 | 296 |
| | Mitsuuroko Group Holdings Co. Ltd. | 43,000 | 296 |
| | Nishio Rent All Co. Ltd. | 14,733 | 296 |
| | Towa Corp. | 24,538 | 296 |
| | Broadleaf Co. Ltd. | 80,826 | 296 |
| | Life Corp. | 19,710 | 294 |
| | Infocom Corp. | 20,415 | 293 |
| * | Matsuya Co. Ltd. | 42,919 | 292 |
| | Tokyo Electron Device Ltd. | 6,172 | 291 |
| | Macromill Inc. | 38,887 | 290 |
| | Doutor Nichires Holdings Co. Ltd. | 25,971 | 290 |
| | Chugoku Marine Paints Ltd. | 46,736 | 287 |
| | Toho Bank Ltd. | 208,550 | 287 |
| | Sanyo Special Steel Co. Ltd. | 22,277 | 286 |
| 2 | Link And Motivation Inc. | 47,300 | 286 |
| | Shin-Etsu Polymer Co. Ltd. | 34,232 | 285 |
| | Solasto Corp. | 47,200 | 284 |
| | Nippon Kanzai Co. Ltd. | 16,625 | 283 |
| | Hokuto Corp. | 21,705 | 280 |
| | Katakura Industries Co. Ltd. | 20,500 | 280 |
| | Konishi Co. Ltd. | 23,680 | 277 |
| | Sekisui Jushi Corp. | 24,171 | 277 |
| | Nippon Yakin Kogyo Co. Ltd. | 14,531 | 276 |
| | Mitani Sekisan Co. Ltd. | 10,700 | 275 |
| | Nippon Carbon Co. Ltd. | 9,651 | 273 |
| | | Shares | Market
Value•
($000) |
| | Yokorei Co. Ltd. | 44,927 | 273 |
| | Kanto Denka Kogyo Co. Ltd. | 42,587 | 272 |
| | Nippon Seiki Co. Ltd. | 53,491 | 272 |
| | ValueCommerce Co. Ltd. | 18,600 | 271 |
| | Direct Marketing MiX Inc. | 24,000 | 271 |
| | Saibu Gas Holdings Co. Ltd. | 23,292 | 270 |
| | Bando Chemical Industries Ltd. | 37,903 | 269 |
| | Daiichi Jitsugyo Co. Ltd. | 10,257 | 269 |
| | Sato Holdings Corp. | 21,793 | 269 |
| | SWCC Showa Holdings Co. Ltd. | 22,299 | 268 |
| | Sakai Moving Service Co. Ltd. | 8,459 | 267 |
| | Takasago International Corp. | 14,233 | 267 |
| | IDOM Inc. | 53,053 | 266 |
| | METAWATER Co. Ltd. | 20,696 | 265 |
| | Uchida Yoko Co. Ltd. | 8,659 | 264 |
| | Komori Corp. | 48,087 | 262 |
| | VT Holdings Co. Ltd. | 80,194 | 260 |
| | Fujicco Co. Ltd. | 20,301 | 260 |
| | Furukawa Co. Ltd. | 29,647 | 260 |
| | Shikoku Chemicals Corp. | 29,844 | 260 |
| | NS United Kaiun Kaisha Ltd. | 10,455 | 260 |
| | Kyokuto Kaihatsu Kogyo Co. Ltd. | 27,862 | 259 |
| | YAMABIKO Corp. | 33,547 | 258 |
| | Torii Pharmaceutical Co. Ltd. | 12,642 | 257 |
| | TechMatrix Corp. | 22,600 | 257 |
| * | Net Protections Holdings Inc. | 87,500 | 257 |
| | Roland DG Corp. | 11,946 | 256 |
| 2 | KFC Holdings Japan Ltd. | 13,634 | 255 |
| | MEC Co. Ltd. | 15,946 | 255 |
| | Carta Holdings Inc. | 22,300 | �� 255 |
| | Chofu Seisakusho Co. Ltd. | 18,611 | 254 |
| | Relia Inc. | 37,706 | 253 |
| | Computer Engineering & Consulting Ltd. | 24,128 | 253 |
| | Oiles Corp. | 25,171 | 253 |
| | Pasona Group Inc. | 18,420 | 253 |
| | Siix Corp. | 32,736 | 252 |
| | Keiyo Co. Ltd. | 41,414 | 252 |
| | Nippon Television Holdings Inc. | 33,762 | 252 |
| | TOC Co. Ltd. | 48,492 | 252 |
| 2 | Fujio Food Group Inc. | 26,800 | 252 |
| | Daiki Aluminium Industry Co. Ltd. | 29,235 | 252 |
| | Tosei Corp. | 26,173 | 250 |
| | Sanyo Electric Railway Co. Ltd. | 16,423 | 250 |
| | Elan Corp. | 32,600 | 250 |
| * | SRE Holdings Corp. | 9,883 | 250 |
| | Alconix Corp. | 27,120 | 249 |
| | Sinanen Holdings Co. Ltd. | 9,060 | 248 |
| | Valqua Ltd. | 13,931 | 246 |
| | Nippon Denko Co. Ltd. | 107,376 | 245 |
| | Ryobi Ltd. | 27,577 | 244 |
| | | Shares | Market
Value•
($000) |
| | Usen-Next Holdings Co. Ltd. | 15,894 | 244 |
| | DyDo Group Holdings Inc. | 7,959 | 243 |
| | TSI Holdings Co. Ltd. | 80,284 | 243 |
| | Hirata Corp. | 8,315 | 243 |
| | Osaka Organic Chemical Industry Ltd. | 18,200 | 243 |
| | Nippon Parking Development Co. Ltd. | 139,410 | 242 |
| | Nittetsu Mining Co. Ltd. | 12,144 | 242 |
| 2 | Asahi Diamond Industrial Co. Ltd. | 48,160 | 241 |
| 2 | Press Kogyo Co. Ltd. | 86,293 | 241 |
| | Nippon Thompson Co. Ltd. | 67,094 | 239 |
| | Ishihara Sangyo Kaisha Ltd. | 34,439 | 237 |
| | San ju San Financial Group Inc. | 24,173 | 237 |
| | Belluna Co. Ltd. | 48,977 | 236 |
| * | Modec Inc. | 21,709 | 236 |
| | Obara Group Inc. | 10,145 | 235 |
| | Doshisha Co. Ltd. | 22,997 | 234 |
| * | Nippon Chemi-Con Corp. | 18,596 | 234 |
| | JAC Recruitment Co. Ltd. | 13,734 | 234 |
| | I'll Inc. | 18,700 | 233 |
| | Kurabo Industries Ltd. | 16,604 | 232 |
| | Nohmi Bosai Ltd. | 21,400 | 231 |
| | Tanseisha Co. Ltd. | 42,849 | 231 |
| 2 | Tsukishima Kikai Co. Ltd. | 34,137 | 231 |
| | Teikoku Electric Manufacturing Co. Ltd. | 17,318 | 230 |
| | Kyokuyo Co. Ltd. | 9,457 | 230 |
| | Yondoshi Holdings Inc. | 20,118 | 230 |
| | COLOPL Inc. | 48,882 | 230 |
| 2 | Nihon Nohyaku Co. Ltd. | 37,081 | 229 |
| | Joshin Denki Co. Ltd. | 17,814 | 229 |
| | Nippon Road Co. Ltd. | 5,574 | 229 |
| | Senshu Electric Co. Ltd. | 12,662 | 229 |
| 2 | T-Gaia Corp. | 20,504 | 228 |
| | Teikoku Sen-I Co. Ltd. | 21,303 | 228 |
| | Hoosiers Holdings | 43,400 | 228 |
| | Key Coffee Inc. | 16,322 | 227 |
| | Sumitomo Densetsu Co. Ltd. | 12,835 | 226 |
| | Sinfonia Technology Co. Ltd. | 24,678 | 225 |
| | Miyazaki Bank Ltd. | 14,971 | 224 |
| 2 | Pharma Foods International Co. Ltd. | 25,306 | 224 |
| | Daikyonishikawa Corp. | 55,345 | 223 |
| | Onward Holdings Co. Ltd. | 106,659 | 222 |
| | Seikagaku Corp. | 36,422 | 222 |
| | Sintokogio Ltd. | 48,078 | 222 |
| * | Vision Inc. | 26,213 | 222 |
| | EM Systems Co. Ltd. | 33,500 | 222 |
| | Maxvalu Tokai Co. Ltd. | 11,800 | 222 |
| | Mitsui DM Sugar Holdings Co. Ltd. | 17,029 | 218 |
| 2 | Unipres Corp. | 37,320 | 218 |
| 2 | Tama Home Co. Ltd. | 13,900 | 218 |
| | Enplas Corp. | 7,851 | 215 |
| | ES-Con Japan Ltd. | 39,500 | 215 |
| | Takara Leben Co. Ltd. | 80,012 | 215 |
| | | Shares | Market
Value•
($000) |
| | Shikoku Bank Ltd. | 36,736 | 214 |
| | Genky DrugStores Co. Ltd. | 8,400 | 214 |
| | ESPEC Corp. | 16,612 | 213 |
| | Meisei Industrial Co. Ltd. | 44,584 | 211 |
| | Union Tool Co. | 8,756 | 211 |
| 2 | Alpen Co. Ltd. | 15,528 | 211 |
| | JVCKenwood Corp. | 145,475 | 211 |
| * | Mitsui E&S Holdings Co. Ltd. | 74,957 | 210 |
| | Yamanashi Chuo Bank Ltd. | 30,656 | 210 |
| | Hosokawa Micron Corp. | 11,542 | 209 |
| | TPR Co. Ltd. | 24,872 | 209 |
| | Daiken Corp. | 15,535 | 208 |
| | Pressance Corp. | 20,263 | 208 |
| | Chilled & Frozen Logistics Holdings Co. Ltd. | 25,600 | 208 |
| | Tochigi Bank Ltd. | 101,542 | 207 |
| | Zenrin Co. Ltd. | 35,095 | 207 |
| | Ines Corp. | 20,288 | 206 |
| | Marudai Food Co. Ltd. | 21,896 | 206 |
| | Hibiya Engineering Ltd. | 15,995 | 205 |
| | Ehime Bank Ltd. | 35,541 | 204 |
| * | Kappa Create Co. Ltd. | 21,493 | 203 |
| | Tokai Corp. | 16,018 | 203 |
| | JP-Holdings Inc. | 100,445 | 202 |
| | Mimasu Semiconductor Industry Co. Ltd. | 13,034 | 202 |
| | Mitsubishi Research Institute Inc. | 5,771 | 202 |
| | Daiwa Industries Ltd. | 23,977 | 201 |
| | J-Oil Mills Inc. | 18,816 | 200 |
| | Sinko Industries Ltd. | 19,209 | 200 |
| | gremz Inc. | 17,300 | 200 |
| | Yamagata Bank Ltd. | 29,058 | 199 |
| | Starzen Co. Ltd. | 14,332 | 199 |
| *,2 | Istyle Inc. | 60,476 | 199 |
| | Matsuyafoods Holdings Co. Ltd. | 7,163 | 196 |
| | Tachi-S Co. Ltd. | 26,371 | 196 |
| 2 | YA-MAN Ltd. | 26,170 | 196 |
| | Fukui Bank Ltd. | 21,296 | 195 |
| | Sun Frontier Fudousan Co. Ltd. | 25,204 | 195 |
| | Qol Holdings Co. Ltd. | 23,627 | 195 |
| | Happinet Corp. | 14,134 | 194 |
| 2 | Eagle Industry Co. Ltd. | 25,976 | 193 |
| | Shinko Shoji Co. Ltd. | 28,830 | 193 |
| | Alpha Systems Inc. | 6,667 | 192 |
| | Toho Zinc Co. Ltd. | 13,438 | 192 |
| | Tachibana Eletech Co. Ltd. | 17,100 | 190 |
| | Airtrip Corp. | 11,400 | 190 |
| * | KNT-CT Holdings Co. Ltd. | 17,349 | 189 |
| | Riso Kyoiku Co. Ltd. | 90,700 | 188 |
| | DKK Co. Ltd. | 11,646 | 188 |
| | Halows Co. Ltd. | 9,361 | 188 |
| | Oita Bank Ltd. | 15,529 | 188 |
| | ARTERIA Networks Corp. | 23,300 | 188 |
| | Tenma Corp. | 13,434 | 187 |
| | Pack Corp. | 11,846 | 187 |
| | Inageya Co. Ltd. | 24,565 | 186 |
| | France Bed Holdings Co. Ltd. | 29,798 | 186 |
| | | Shares | Market
Value•
($000) |
| | HI-LEX Corp. | 26,100 | 186 |
| | Kyoei Steel Ltd. | 21,002 | 185 |
| | Okabe Co. Ltd. | 38,911 | 184 |
| | Arcland Service Holdings Co. Ltd. | 12,536 | 184 |
| | Riken Vitamin Co. Ltd. | 14,428 | 183 |
| | Nichireki Co. Ltd. | 20,800 | 183 |
| | Bank of Iwate Ltd. | 15,124 | 182 |
| *,2 | Nichi-iko Pharmaceutical Co. Ltd. | 58,105 | 182 |
| | Toyo Corp. | 20,795 | 182 |
| | Pacific Metals Co. Ltd. | 14,633 | 181 |
| | Topy Industries Ltd. | 16,918 | 181 |
| | Vector Inc. | 24,294 | 181 |
| | GMO GlobalSign Holdings KK | 5,811 | 181 |
| | Komatsu Matere Co. Ltd. | 32,943 | 180 |
| | Japan Transcity Corp. | 54,176 | 180 |
| | Canon Electronics Inc. | 16,916 | 179 |
| | Shindengen Electric Manufacturing Co. Ltd. | 7,264 | 179 |
| | Sparx Group Co. Ltd. | 17,780 | 179 |
| | YAKUODO Holdings Co. Ltd. | 9,552 | 179 |
| | Yukiguni Maitake Co. Ltd. | 25,000 | 179 |
| | Goldcrest Co. Ltd. | 15,126 | 178 |
| | Chubu Shiryo Co. Ltd. | 26,079 | 178 |
| | Furuno Electric Co. Ltd. | 24,689 | 178 |
| | Torishima Pump Manufacturing Co. Ltd. | 20,601 | 178 |
| | ASAHI YUKIZAI Corp. | 11,044 | 177 |
| | Anest Iwata Corp. | 29,550 | 177 |
| | Matsuda Sangyo Co. Ltd. | 11,843 | 177 |
| | Sakai Chemical Industry Co. Ltd. | 13,428 | 177 |
| | Mie Kotsu Group Holdings Inc. | 51,136 | 177 |
| | Nissei ASB Machine Co. Ltd. | 7,063 | 176 |
| | Dai-Dan Co. Ltd. | 12,369 | 176 |
| | Proto Corp. | 22,500 | 176 |
| | Takamatsu Construction Group Co. Ltd. | 13,429 | 175 |
| * | Sourcenext Corp. | 87,400 | 175 |
| | Oriental Shiraishi Corp. | 96,929 | 175 |
| | ASKA Pharmaceutical Holdings Co. Ltd. | 22,204 | 175 |
| | TV Asahi Holdings Corp. | 18,600 | 174 |
| 2 | Rock Field Co. Ltd. | 17,912 | 174 |
| | Itochu-Shokuhin Co. Ltd. | 5,276 | 173 |
| | K&O Energy Group Inc. | 12,436 | 173 |
| * | MedPeer Inc. | 16,688 | 172 |
| | Akita Bank Ltd. | 16,024 | 171 |
| | Fujiya Co. Ltd. | 9,951 | 171 |
| | Warabeya Nichiyo Holdings Co. Ltd. | 14,439 | 171 |
| | Kansai Super Market Ltd. | 18,112 | 170 |
| | CMK Corp. | 46,881 | 169 |
| | Kamei Corp. | 22,696 | 169 |
| | G-7 Holdings Inc. | 17,700 | 169 |
| | Miroku Jyoho Service Co. Ltd. | 16,712 | 168 |
| | | Shares | Market
Value•
($000) |
| | Aiphone Co. Ltd. | 12,345 | 166 |
| | Shinwa Co. Ltd. | 12,349 | 165 |
| * | Atrae Inc. | 15,976 | 165 |
| | Softcreate Holdings Corp. | 7,198 | 164 |
| | Ichikoh Industries Ltd. | 57,144 | 163 |
| | Sumitomo Seika Chemicals Co. Ltd. | 8,159 | 163 |
| *,2 | Open Door Inc. | 13,600 | 163 |
| | Poletowin Pitcrew Holdings Inc. | 25,600 | 163 |
| | AOKI Holdings Inc. | 33,423 | 162 |
| | Chiyoda Integre Co. Ltd. | 10,546 | 162 |
| | G-Tekt Corp. | 18,104 | 162 |
| | Yurtec Corp. | 33,551 | 161 |
| | Cawachi Ltd. | 11,246 | 156 |
| | Fukuda Corp. | 4,776 | 156 |
| | FIDEA Holdings Co. Ltd. | 17,890 | 156 |
| * | Kintetsu Department Store Co. Ltd. | 9,158 | 155 |
| | Toenec Corp. | 6,568 | 155 |
| | Tokushu Tokai Paper Co. Ltd. | 7,860 | 155 |
| | Vital KSK Holdings Inc. | 30,842 | 155 |
| | SIGMAXYZ Holdings Inc. | 19,300 | 155 |
| | Elematec Corp. | 14,728 | 154 |
| | Nagatanien Holdings Co. Ltd. | 11,448 | 154 |
| | Onoken Co. Ltd. | 15,930 | 154 |
| | Shin Nippon Air Technologies Co. Ltd. | 12,000 | 153 |
| | Nissin Sugar Co. Ltd. | 13,400 | 153 |
| | Aichi Steel Corp. | 10,847 | 152 |
| | Stella Chemifa Corp. | 8,459 | 152 |
| | Taki Chemical Co. Ltd. | 4,300 | 152 |
| | Futaba Industrial Co. Ltd. | 60,029 | 151 |
| * | PIA Corp. | 6,771 | 151 |
| 2 | V Technology Co. Ltd. | 7,958 | 150 |
| | Marvelous Inc. | 33,169 | 150 |
| | Riken Technos Corp. | 43,193 | 150 |
| | Marusan Securities Co. Ltd. | 53,329 | 149 |
| | Daikokutenbussan Co. Ltd. | 4,877 | 149 |
| * | Fujita Kanko Inc. | 6,965 | 148 |
| | Okuwa Co. Ltd. | 23,977 | 148 |
| | World Holdings Co. Ltd. | 8,400 | 147 |
| | Inui Global Logistics Co. Ltd. | 11,403 | 146 |
| | Hokkaido Gas Co. Ltd. | 12,649 | 145 |
| | Xebio Holdings Co. Ltd. | 21,398 | 145 |
| | World Co. Ltd. | 15,500 | 145 |
| | Rheon Automatic Machinery Co. Ltd. | 18,386 | 144 |
| | JM Holdings Co. Ltd. | 12,600 | 144 |
| | Aisan Industry Co. Ltd. | 30,051 | 142 |
| | Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 12,019 | 142 |
| | Kanagawa Chuo Kotsu Co. Ltd. | 6,370 | 142 |
| | Tonami Holdings Co. Ltd. | 5,969 | 142 |
| | Sagami Holdings Corp. | 17,211 | 141 |
| | Sumitomo Riko Co. Ltd. | 35,833 | 141 |
| | Fixstars Corp. | 18,700 | 141 |
| | Kenko Mayonnaise Co. Ltd. | 12,438 | 140 |
| | | Shares | Market
Value•
($000) |
| | Tekken Corp. | 11,842 | 140 |
| 2 | V-Cube Inc. | 20,628 | 140 |
| | Fukui Computer Holdings Inc. | 5,969 | 139 |
| | CTS Co. Ltd. | 25,891 | 139 |
| | Medical Data Vision Co. Ltd. | 18,726 | 139 |
| | Neturen Co. Ltd. | 30,740 | 138 |
| | Optorun Co. Ltd. | 9,700 | 138 |
| | Nissin Corp. | 10,549 | 137 |
| | JDC Corp. | 35,500 | 137 |
| | Daido Metal Co. Ltd. | 39,634 | 136 |
| | Nichiden Corp. | 11,540 | 136 |
| | Denyo Co. Ltd. | 13,729 | 135 |
| | Studio Alice Co. Ltd. | 9,656 | 135 |
| | Nichiban Co. Ltd. | 11,800 | 135 |
| | St. Marc Holdings Co. Ltd. | 12,234 | 134 |
| | BRONCO BILLY Co. Ltd. | 8,059 | 134 |
| | Ryoden Corp. | 11,940 | 133 |
| | LEC Inc. | 22,484 | 133 |
| | CI Takiron Corp. | 38,420 | 133 |
| | SRA Holdings | 6,168 | 133 |
| | Shibusawa Warehouse Co. Ltd. | 9,556 | 132 |
| | Chori Co. Ltd. | 9,952 | 130 |
| | Hochiki Corp. | 13,600 | 130 |
| | Kurimoto Ltd. | 11,945 | 130 |
| | IR Japan Holdings Ltd. | 8,900 | 130 |
| | Tayca Corp. | 15,288 | 129 |
| | Aichi Corp. | 24,182 | 128 |
| | Bank of Saga Ltd. | 12,244 | 128 |
| | Osaki Electric Co. Ltd. | 36,610 | 128 |
| | Sumida Corp. | 19,355 | 128 |
| | ZIGExN Co. Ltd. | 51,600 | 127 |
| 2 | Aeon Fantasy Co. Ltd. | 6,370 | 126 |
| | DKS Co. Ltd. | 10,000 | 125 |
| | Advan Group Co. Ltd. | 20,987 | 124 |
| | Ebase Co. Ltd. | 33,400 | 124 |
| | Ichiyoshi Securities Co. Ltd. | 30,438 | 123 |
| | Kyodo Printing Co. Ltd. | 7,165 | 122 |
| | WDB Holdings Co. Ltd. | 7,076 | 122 |
| | FAN Communications Inc. | 40,603 | 121 |
| | SB Technology Corp. | 8,300 | 121 |
| | Kanaden Corp. | 16,616 | 120 |
| | Kyosan Electric Manufacturing Co. Ltd. | 44,483 | 120 |
| | Toyo Kanetsu KK | 7,260 | 120 |
| | Takaoka Toko Co. Ltd. | 9,752 | 120 |
| | Feed One Co. Ltd. | 26,468 | 120 |
| 2 | Tokyo Energy & Systems Inc. | 18,910 | 118 |
| | Towa Bank Ltd. | 33,647 | 118 |
| | Tess Holdings Co. Ltd. | 17,200 | 118 |
| | Fudo Tetra Corp. | 11,771 | 117 |
| | Krosaki Harima Corp. | 3,781 | 117 |
| | Melco Holdings Inc. | 5,559 | 117 |
| | Tosho Co. Ltd. | 15,231 | 117 |
| | Riken Corp. | 7,660 | 117 |
| | CONEXIO Corp. | 15,324 | 117 |
| | Yahagi Construction Co. Ltd. | 22,986 | 116 |
| | Moriroku Holdings Co. Ltd. | 10,200 | 116 |
| | | Shares | Market
Value•
($000) |
| | Honeys Holdings Co. Ltd. | 14,230 | 115 |
| | Shinnihon Corp. | 23,682 | 115 |
| | Cosel Co. Ltd. | 19,897 | 114 |
| | Amuse Inc. | 9,354 | 113 |
| | Digital Holdings Inc. | 14,700 | 113 |
| * | TerraSky Co. Ltd. | 6,890 | 113 |
| | Achilles Corp. | 12,130 | 112 |
| | Nippon Beet Sugar Manufacturing Co. Ltd. | 10,051 | 111 |
| | Dai Nippon Toryo Co. Ltd. | 22,386 | 110 |
| | JSP Corp. | 11,248 | 110 |
| | Koatsu Gas Kogyo Co. Ltd. | 25,873 | 110 |
| | Nihon Chouzai Co. Ltd. | 12,338 | 110 |
| | Kamakura Shinsho Ltd. | 20,500 | 110 |
| | Raccoon Holdings Inc. | 13,247 | 110 |
| | Hisaka Works Ltd. | 19,202 | 109 |
| 2 | Ministop Co. Ltd. | 11,444 | 109 |
| | Seika Corp. | 9,954 | 109 |
| | Toa Corp. (XTKS) | 20,697 | 108 |
| * | Optim Corp. | 17,782 | 108 |
| | Central Security Patrols Co. Ltd. | 6,202 | 107 |
| | Nippon Sharyo Ltd. | 8,068 | 107 |
| | Yorozu Corp. | 18,513 | 107 |
| | Asahi Co. Ltd. | 12,343 | 107 |
| | Taisei Lamick Co. Ltd. | 5,274 | 106 |
| | Sankyo Seiko Co. Ltd. | 33,535 | 106 |
| | Chiyoda Co. Ltd. | 21,187 | 105 |
| | Mars Group Holdings Corp. | 8,558 | 105 |
| | Kitanotatsujin Corp. | 54,100 | 105 |
| | CAC Holdings Corp. | 10,247 | 104 |
| | Rokko Butter Co. Ltd. | 10,944 | 104 |
| | ST Corp. | 10,349 | 104 |
| | Hito Communications Holdings Inc. | 9,253 | 104 |
| 2 | Hodogaya Chemical Co. Ltd. | 5,373 | 103 |
| | Iseki & Co. Ltd. | 12,431 | 103 |
| * | Jamco Corp. | 9,155 | 102 |
| | Nitto Kohki Co. Ltd. | 9,450 | 100 |
| * | Taiko Pharmaceutical Co. Ltd. | 27,031 | 100 |
| | Enigmo Inc. | 27,100 | 100 |
| | Artnature Inc. | 19,006 | 99 |
| | Kawada Technologies Inc. | 4,080 | 99 |
| | Yamashin-Filter Corp. | 35,599 | 99 |
| | Arakawa Chemical Industries Ltd. | 15,422 | 98 |
| | Shimizu Bank Ltd. | 10,263 | 98 |
| | NEC Capital Solutions Ltd. | 6,866 | 98 |
| | Sanei Architecture Planning Co. Ltd. | 9,400 | 98 |
| | Godo Steel Ltd. | 8,458 | 97 |
| | Nihon Tokushu Toryo Co. Ltd. | 16,700 | 96 |
| * | WATAMI Co. Ltd. | 15,818 | 96 |
| | Fuso Pharmaceutical Industries Ltd. | 6,867 | 95 |
| | Sanoh Industrial Co. Ltd. | 20,698 | 94 |
| | Tatsuta Electric Wire and Cable Co. Ltd. | 31,744 | 94 |
| | | Shares | Market
Value•
($000) |
| | Ubicom Holdings Inc. | 5,800 | 94 |
| | Nippon Rietec Co. Ltd. | 18,500 | 93 |
| | CMIC Holdings Co. Ltd. | 8,158 | 92 |
| | Yushin Precision Equipment Co. Ltd. | 19,504 | 92 |
| | Sankyo Tateyama Inc. | 24,977 | 91 |
| | Tomoku Co. Ltd. | 9,056 | 91 |
| | Pronexus Inc. | 13,931 | 90 |
| | Maezawa Kyuso Industries Co. Ltd. | 14,416 | 89 |
| | Japan Medical Dynamic Marketing Inc. | 11,155 | 89 |
| | Okura Industrial Co. Ltd. | 6,964 | 88 |
| * | Gurunavi Inc. | 30,484 | 88 |
| * | KLab Inc. | 28,264 | 88 |
| | Hokkan Holdings Ltd. | 9,955 | 87 |
| 2 | Kojima Co. Ltd. | 20,493 | 85 |
| 2 | Kyokuto Securities Co. Ltd. | 20,100 | 84 |
| | Media Do Co. Ltd. | 5,930 | 84 |
| | Central Sports Co. Ltd. | 5,146 | 83 |
| | Japan Best Rescue System Co. Ltd. | 15,400 | 83 |
| | Furukawa Battery Co. Ltd. | 11,763 | 83 |
| | MTI Ltd. | 24,078 | 82 |
| | Mitsuba Corp. | 30,939 | 82 |
| * | BrainPad Inc. | 13,140 | 80 |
| * | Akebono Brake Industry Co. Ltd. | 64,876 | 76 |
| | Corona Corp. Class A | 13,240 | 75 |
| | Chuo Spring Co. Ltd. | 15,928 | 74 |
| | Nippon Coke & Engineering Co. Ltd. | 136,722 | 74 |
| | Tsutsumi Jewelry Co. Ltd. | 5,200 | 73 |
| | Tv Tokyo Holdings Corp. | 5,674 | 73 |
| | Airport Facilities Co. Ltd. | 19,815 | 71 |
| | Akatsuki Inc. | 4,800 | 70 |
| | Tokyo Individualized Educational Institute Inc. | 20,004 | 69 |
| | Osaka Steel Co. Ltd. | 9,448 | 68 |
| | Ohara Inc. | 8,300 | 68 |
| | Cleanup Corp. | 16,030 | 66 |
| * | FDK Corp. | 10,764 | 65 |
| | Oro Co. Ltd. | 5,700 | 64 |
| | Sekisui Kasei Co. Ltd. | 24,382 | 63 |
| * | Unitika Ltd. | 34,343 | 63 |
| | LIFULL Co. Ltd. | 57,339 | 63 |
| *,2 | Gunosy Inc. | 14,300 | 63 |
| * | Kourakuen Holdings Corp. | 8,557 | 62 |
| | Taiho Kogyo Co. Ltd. | 13,235 | 62 |
| | Nisso Corp. | 16,400 | 62 |
| 2 | Daisyo Corp. | 8,858 | 61 |
| | Nihon Trim Co. Ltd. | 3,879 | 61 |
| | Sanshin Electronics Co. Ltd. | 4,700 | 61 |
| | I-PEX Inc. | 6,966 | 60 |
| * | COOKPAD Inc. | 39,391 | 55 |
| * | RPA Holdings Inc. | 28,222 | 55 |
| 2 | Kanamic Network Co. Ltd. | 13,200 | 55 |
| | Gecoss Corp. | 9,850 | 53 |
| | Wowow Inc. | 5,849 | 49 |
| | Tokyo Rakutenchi Co. Ltd. | 1,700 | 49 |
| | | Shares | Market
Value•
($000) |
| | Linical Co. Ltd. | 9,651 | 48 |
| | Nakayama Steel Works Ltd. | 9,829 | 42 |
| * | Right On Co. Ltd. | 10,250 | 42 |
| 2 | Fibergate Inc. | 6,726 | 41 |
| | CHIMNEY Co. Ltd. | 5,300 | 39 |
| | Takamiya Co. Ltd. | 10,400 | 28 |
| | Shimojima Co. Ltd. | 3,600 | 25 |
| | Inaba Seisakusho Co. Ltd. | 2,563 | 24 |
| * | Tokyo Base Co. Ltd. | 8,000 | 19 |
| | Robot Home Inc. | 15,600 | 18 |
| | | | 4,320,477 |
| New Zealand (1.0%) |
| | Fisher & Paykel Healthcare Corp. Ltd. | 678,851 | 7,715 |
| | Spark New Zealand Ltd. | 2,271,544 | 6,762 |
| * | Auckland International Airport Ltd. | 1,410,067 | 6,304 |
| | Infratil Ltd. | 892,540 | 4,532 |
| | Mainfreight Ltd. | 97,664 | 4,316 |
| | Meridian Energy Ltd. | 1,494,582 | 4,236 |
| | Contact Energy Ltd. | 937,216 | 4,111 |
| | EBOS Group Ltd. | 184,666 | 4,026 |
| * | a2 Milk Co. Ltd. | 894,052 | 3,012 |
| | Mercury NZ Ltd. | 822,656 | 2,782 |
| | Chorus Ltd. | 569,615 | 2,750 |
| | Fletcher Building Ltd. | 879,334 | 2,626 |
| | Ryman Healthcare Ltd. | 506,609 | 2,467 |
| * | SKYCITY Entertainment Group Ltd. | 1,016,238 | 1,713 |
| | Goodman Property Trust | 1,364,002 | 1,640 |
| | Summerset Group Holdings Ltd. | 289,876 | 1,631 |
| | Precinct Properties New Zealand Ltd. | 1,808,112 | 1,297 |
| | Genesis Energy Ltd. | 698,342 | 1,148 |
| | Kiwi Property Group Ltd. | 2,074,480 | 1,089 |
| | Freightways Ltd. | 175,393 | 1,054 |
| | Vital Healthcare Property Trust | 742,668 | 1,009 |
| * | Air New Zealand Ltd. | 1,871,673 | 849 |
| * | Pushpay Holdings Ltd. | 824,923 | 598 |
| | Argosy Property Ltd. | 859,658 | 593 |
| | Vector Ltd. | 232,440 | 554 |
| | Stride Property Group | 577,512 | 537 |
| | Skellerup Holdings Ltd. | 170,609 | 525 |
| | Arvida Group Ltd. | 715,993 | 524 |
| 2 | Heartland Group Holdings Ltd. | 503,711 | 500 |
| | Oceania Healthcare Ltd. | 746,193 | 373 |
| | KMD Brands Ltd. | 524,643 | 329 |
| | Scales Corp. Ltd. | 103,064 | 284 |
| * | Tourism Holdings Ltd. | 126,715 | 272 |
| | SKY Network Television Ltd. | 166,225 | 210 |
| *,2 | Pacific Edge Ltd. | 776,278 | 194 |
| * | Vista Group International Ltd. | 191,256 | 171 |
| * | Synlait Milk Ltd. | 89,863 | 163 |
| * | Serko Ltd. | 93,491 | 162 |
| | Restaurant Brands New Zealand Ltd. | 21,367 | 89 |
| | | | 73,147 |
| | | Shares | Market
Value•
($000) |
| Singapore (3.4%) |
| | DBS Group Holdings Ltd. | 2,159,313 | 52,204 |
| | Oversea-Chinese Banking Corp. Ltd. | 4,187,297 | 35,944 |
| | United Overseas Bank Ltd. | 1,536,590 | 30,146 |
| | Singapore Telecommunications Ltd. | 8,928,615 | 15,721 |
| | Keppel Corp. Ltd. | 1,665,760 | 8,199 |
| | CapitaLand Integrated Commercial Trust | 6,107,671 | 8,106 |
| | Ascendas REIT | 3,990,610 | 7,383 |
| | Wilmar International Ltd. | 2,529,516 | 6,930 |
| | Capitaland Investment Ltd. | 3,062,705 | 6,513 |
| | Singapore Exchange Ltd. | 967,818 | 5,755 |
| * | Singapore Airlines Ltd. | 1,537,183 | 5,702 |
| | Singapore Technologies Engineering Ltd. | 1,857,830 | 4,331 |
| | Mapletree Logistics Trust | 3,827,372 | 4,108 |
| | Genting Singapore Ltd. | 7,221,194 | 4,106 |
| | Venture Corp. Ltd. | 320,216 | 3,603 |
| | Mapletree Industrial Trust | 2,153,421 | 3,348 |
| | City Developments Ltd. | 567,117 | 3,058 |
| | Mapletree Commercial Trust | 2,565,537 | 2,879 |
| | Frasers Logistics & Commercial Trust | 3,430,456 | 2,666 |
| | UOL Group Ltd. | 609,597 | 2,663 |
| | Jardine Cycle & Carriage Ltd. | 121,127 | 2,544 |
| | Suntec REIT | 2,593,466 | 2,365 |
| | Sembcorp Industries Ltd. | 1,113,668 | 2,289 |
| | NetLink NBN Trust | 3,655,500 | 2,208 |
| | ComfortDelGro Corp. Ltd. | 2,401,604 | 2,156 |
| | Frasers Centrepoint Trust | 1,348,343 | 1,982 |
| | Keppel DC REIT | 1,536,278 | 1,909 |
| * | Sembcorp Marine Ltd. | 20,019,225 | 1,794 |
| | Ascott Residence Trust | 2,417,198 | 1,630 |
| | Keppel REIT | 2,566,482 | 1,623 |
| | Keppel Infrastructure Trust | 4,310,180 | 1,613 |
| | Golden Agri-Resources Ltd. | 7,773,050 | 1,594 |
| | ESR-REIT | 6,390,535 | 1,534 |
| | Haw Par Corp. Ltd. | 229,000 | 1,529 |
| * | SATS Ltd. | 713,541 | 1,377 |
| | Parkway Life REIT | 413,154 | 1,167 |
| | CapitaLand China Trust | 1,597,330 | 1,095 |
| | Hutchison Port Holdings Trust Class U | 6,529,899 | 1,066 |
| | Raffles Medical Group Ltd. | 1,045,537 | 982 |
| | Ascendas India Trust | 1,209,400 | 957 |
| | Lendlease Global Commercial REIT | 1,902,400 | 942 |
| | AEM Holdings Ltd. | 374,400 | 849 |
| | Olam Group Ltd. | 844,700 | 800 |
| | CDL Hospitality Trusts | 942,700 | 773 |
| | SPH REIT | 1,317,838 | 759 |
| | Manulife US REIT | 2,049,075 | 748 |
| | Keppel Pacific Oak US REIT | 1,277,400 | 690 |
| | | Shares | Market
Value•
($000) |
| | Singapore Post Ltd. | 1,653,529 | 631 |
| | First Resources Ltd. | 581,389 | 611 |
| | Starhill Global REIT | 1,590,101 | 579 |
| | Hour Glass Ltd. | 382,900 | 528 |
| | Cromwell European REIT | 330,480 | 513 |
| | Sheng Siong Group Ltd. | 462,199 | 510 |
| | iFAST Corp. Ltd. | 177,200 | 508 |
| | OUE Commercial REIT | 2,172,316 | 499 |
| | AIMS APAC REIT | 547,900 | 476 |
| | Far East Hospitality Trust | 1,139,089 | 462 |
| | StarHub Ltd. | 601,070 | 454 |
| | Sabana Industrial REIT | 1,319,259 | 382 |
| | Digital Core REIT Management Private Ltd. | 760,300 | 380 |
| | Thomson Medical Group Ltd. | 6,715,700 | 365 |
| * | SIA Engineering Co. Ltd. | 214,009 | 327 |
| | UMS Holdings Ltd. | 488,300 | 309 |
| | Prime US REIT | 603,753 | 284 |
| | Nanofilm Technologies International Ltd. | 213,000 | 262 |
| | Riverstone Holdings Ltd. | 565,500 | 215 |
| | First REIT | 1,142,208 | 194 |
| | Silverlake Axis Ltd. | 594,789 | 136 |
| * | COSCO Shipping International Singapore Co. Ltd. | 1,097,700 | 126 |
| | Bumitama Agri Ltd. | 289,847 | 122 |
| * | Yoma Strategic Holdings Ltd. | 1,220,547 | 72 |
| *,3 | Best World International Ltd. | 53,220 | 51 |
| *,2,3 | Ezra Holdings Ltd. | 1,786,900 | 14 |
| *,3 | Eagle Hospitality Trust | 700,500 | — |
| | | | 261,350 |
| South Korea (12.1%) |
| | Samsung Electronics Co. Ltd. | 5,678,153 | 236,324 |
| | SK Hynix Inc. | 642,753 | 37,210 |
| | Samsung Electronics Co. Ltd. Preference Shares | 964,196 | 36,034 |
| | Samsung SDI Co. Ltd. | 62,095 | 32,036 |
| | LG Chem Ltd. | 55,381 | 24,303 |
| | NAVER Corp. | 171,112 | 20,297 |
| | Hyundai Motor Co. | 166,337 | 19,168 |
| | Celltrion Inc. | 127,632 | 17,156 |
| | KB Financial Group Inc. | 461,574 | 15,532 |
| | POSCO Holdings Inc. | 88,634 | 15,448 |
| * | LG Energy Solution | 41,398 | 15,318 |
| | Shinhan Financial Group Co. Ltd. | 592,459 | 15,058 |
| | Kia Corp. | 306,311 | 14,235 |
| *,1 | Samsung Biologics Co. Ltd. | 21,855 | 13,431 |
| | Kakao Corp. | 359,015 | 12,736 |
| | Hyundai Mobis Co. Ltd. | 73,118 | 11,215 |
| | Hana Financial Group Inc. | 342,097 | 9,890 |
| | KT&G Corp. | 127,218 | 8,544 |
| | Samsung C&T Corp. | 98,750 | 8,197 |
| | LG Electronics Inc. | 134,449 | 7,680 |
| * | SK Innovation Co. Ltd. | 60,915 | 7,376 |
| | SK Inc. | 42,386 | 6,351 |
| | Woori Financial Group Inc. | 747,776 | 6,171 |
| | | Shares | Market
Value•
($000) |
| | LG Corp. | 104,330 | 5,792 |
| | Samsung Electro-Mechanics Co. Ltd. | 65,114 | 5,515 |
| | Celltrion Healthcare Co. Ltd. | 112,466 | 5,472 |
| | Samsung Fire & Marine Insurance Co. Ltd. | 38,694 | 5,427 |
| | Korea Zinc Co. Ltd. | 11,649 | 5,224 |
| | NCSoft Corp. | 18,577 | 5,075 |
| | HMM Co. Ltd. | 361,109 | 4,831 |
| * | Doosan Heavy Industries & Construction Co. Ltd. | 493,676 | 4,580 |
| 2 | POSCO Chemical Co. Ltd. | 32,473 | 4,534 |
| * | Hanwha Solutions Corp. | 134,672 | 4,451 |
| * | Krafton Inc. | 34,566 | 4,294 |
| | Samsung Life Insurance Co. Ltd. | 90,016 | 4,254 |
| | L&F Co. Ltd. | 26,396 | 4,160 |
| | Samsung SDS Co. Ltd. | 42,824 | 3,752 |
| 2 | Ecopro BM Co. Ltd. | 46,098 | 3,713 |
| | LG Household & Health Care Ltd. | 10,352 | 3,699 |
| | Hyundai Motor Co. Preference Shares (XKRS) | 65,228 | 3,649 |
| | Korea Electric Power Corp. | 300,250 | 3,521 |
| | LG Innotek Co. Ltd. | 16,451 | 3,413 |
| * | Korean Air Lines Co. Ltd. | 206,409 | 3,343 |
| * | Samsung Engineering Co. Ltd. | 186,017 | 3,107 |
| * | SK Square Co. Ltd. | 116,422 | 3,010 |
| *,2 | HLB Inc. (XKOS) | 104,854 | 2,973 |
| | S-Oil Corp. | 48,328 | 2,930 |
| 2 | Korea Aerospace Industries Ltd. | 84,413 | 2,803 |
| | CJ CheilJedang Corp. | 9,370 | 2,720 |
| | Hyundai Glovis Co. Ltd. | 21,726 | 2,648 |
| * | Samsung Heavy Industries Co. Ltd. | 723,382 | 2,611 |
| * | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 50,828 | 2,589 |
| | Coway Co. Ltd. | 66,270 | 2,570 |
| | Hyundai Heavy Industries Holdings Co. Ltd. | 59,376 | 2,535 |
| | Yuhan Corp. | 59,618 | 2,500 |
| * | KakaoBank Corp. | 199,671 | 2,390 |
| | LG Display Co. Ltd. | 261,489 | 2,334 |
| | Industrial Bank of Korea | 303,923 | 2,227 |
| | Hankook Tire & Technology Co. Ltd. | 86,587 | 2,218 |
| * | Kangwon Land Inc. | 132,619 | 2,138 |
| | Hyundai Engineering & Construction Co. Ltd. | 86,032 | 2,103 |
| | DB Insurance Co. Ltd. | 53,038 | 2,093 |
| | Ecopro Co. Ltd. | 20,529 | 2,038 |
| | LG Uplus Corp. | 248,494 | 1,995 |
| | Amorepacific Corp. | 29,696 | 1,928 |
| | GS Holdings Corp. | 59,717 | 1,926 |
| | F&F Co. Ltd. | 18,733 | 1,909 |
| | Hanwha Aerospace Co. Ltd. | 40,953 | 1,907 |
| * | HYBE Co. Ltd. | 21,859 | 1,850 |
| | | Shares | Market
Value•
($000) |
| | Kumho Petrochemical Co. Ltd. | 20,126 | 1,845 |
| | Orion Corp.Republic of Korea | 25,529 | 1,817 |
| | LG Chem Ltd. Preference Shares | 8,942 | 1,812 |
| | Hyundai Steel Co. | 89,801 | 1,767 |
| | Lotte Chemical Corp. | 16,993 | 1,761 |
| | Samsung Securities Co. Ltd. | 75,184 | 1,673 |
| 2 | Hotel Shilla Co. Ltd. | 36,716 | 1,672 |
| | SKC Co. Ltd. | 22,853 | 1,655 |
| | Hyundai Marine & Fire Insurance Co. Ltd. | 70,144 | 1,638 |
| | Korea Investment Holdings Co. Ltd. | 45,414 | 1,576 |
| | BNK Financial Group Inc. | 349,156 | 1,569 |
| | Hanmi Pharm Co. Ltd. | 8,811 | 1,563 |
| | SK Telecom Co. Ltd. | 43,637 | 1,533 |
| * | Hyundai Mipo Dockyard Co. Ltd. | 23,766 | 1,529 |
| | Mirae Asset Securities Co. Ltd. Preference Shares | 593,861 | 1,508 |
| 2 | OCI Co. Ltd. | 21,054 | 1,504 |
| *,2 | Hyundai Rotem Co. Ltd. | 85,849 | 1,465 |
| | Cheil Worldwide Inc. | 83,623 | 1,433 |
| | E-MART Inc. | 23,931 | 1,419 |
| | Meritz Fire & Marine Insurance Co. Ltd. | 63,637 | 1,402 |
| | Fila Holdings Corp. | 60,599 | 1,388 |
| | Mando Corp. | 39,648 | 1,373 |
| | DB HiTek Co. Ltd. | 43,069 | 1,333 |
| * | Hyundai Heavy Industries Co. Ltd. | 17,024 | 1,300 |
| | Hansol Chemical Co. Ltd. | 9,674 | 1,256 |
| * | SK Bioscience Co. Ltd. | 23,213 | 1,228 |
| | JYP Entertainment Corp. | 31,294 | 1,217 |
| | Shinsegae Inc. | 8,134 | 1,211 |
| *,2 | SK Biopharmaceuticals Co. Ltd. | 28,682 | 1,168 |
| | Youngone Corp. | 35,061 | 1,162 |
| | GS Engineering & Construction Corp. | 75,874 | 1,153 |
| *,1 | SK IE Technology Co. Ltd. | 30,307 | 1,103 |
| * | CosmoAM&T Co. Ltd. | 23,377 | 1,098 |
| *,2 | Celltrion Pharm Inc. | 22,546 | 1,070 |
| 2 | SK Chemicals Co. Ltd. | 17,106 | 1,060 |
| | Hanwha Corp. Preference Shares | 107,284 | 1,054 |
| *,2 | Pearl Abyss Corp. | 36,050 | 1,050 |
| | NH Investment & Securities Co. Ltd. | 164,990 | 1,037 |
| | Hanon Systems | 189,746 | 1,037 |
| | LEENO Industrial Inc. | 10,718 | 1,027 |
| *,2 | Alteogen Inc. | 39,596 | 1,017 |
| | S-1 Corp. | 22,961 | 1,005 |
| 2 | CS Wind Corp. | 24,266 | 1,000 |
| | LS Corp. | 21,404 | 997 |
| 2 | SM Entertainment Co. Ltd. | 19,673 | 980 |
| | BGF retail Co. Ltd. | 7,276 | 951 |
| | KIWOOM Securities Co. Ltd. | 16,750 | 948 |
| | Posco International Corp. | 63,814 | 923 |
| * | Kakao Games Corp. | 33,369 | 923 |
| | | Shares | Market
Value•
($000) |
| | DL E&C Co. Ltd. | 37,699 | 910 |
| | DGB Financial Group Inc. | 186,478 | 888 |
| 2 | Hyosung Advanced Materials Corp. | 3,880 | 867 |
| 2 | Iljin Materials Co. Ltd. | 20,409 | 866 |
| 2 | KCC Corp. | 5,035 | 860 |
| 2 | WONIK IPS Co. Ltd. | 44,276 | 852 |
| | Hyundai Wia Corp. | 19,883 | 851 |
| | JB Financial Group Co. Ltd. | 168,846 | 850 |
| 2 | GS Retail Co. Ltd. | 47,460 | 845 |
| | Meritz Securities Co. Ltd. | 323,865 | 840 |
| | LIG Nex1 Co. Ltd. | 11,736 | 837 |
| | Lotte Shopping Co. Ltd. | 13,301 | 814 |
| | SD Biosensor Inc. | 39,018 | 807 |
| | LOTTE Fine Chemical Co. Ltd. | 20,259 | 797 |
| *,2 | HLB Life Science Co. Ltd. | 92,605 | 787 |
| 2 | NongShim Co. Ltd. | 3,698 | 783 |
| | CJ Corp. | 14,996 | 755 |
| | Chunbo Co. Ltd. | 4,924 | 753 |
| | Doosan Bobcat Inc. | 31,815 | 747 |
| | Samsung Card Co. Ltd. | 34,084 | 739 |
| | Korea Gas Corp. | 30,208 | 737 |
| *,2 | Doosan Fuel Cell Co. Ltd. | 38,488 | 734 |
| 2 | Dongjin Semichem Co. Ltd. | 34,657 | 729 |
| *,2 | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 56,010 | 718 |
| | LX International Corp. | 25,224 | 718 |
| 2 | Daejoo Electronic Materials Co. Ltd. | 11,231 | 706 |
| | Soulbrain Co. Ltd. | 4,901 | 703 |
| | Kolon Industries Inc. | 22,886 | 697 |
| | Hyundai Elevator Co. Ltd. | 39,023 | 689 |
| | People & Technology Inc. | 21,193 | 685 |
| | Lotte Corp. | 29,941 | 684 |
| *,2 | Hanjin Kal Corp. | 24,457 | 682 |
| | Pan Ocean Co. Ltd. | 226,249 | 681 |
| | Hyundai Department Store Co. Ltd. | 17,917 | 680 |
| *,2 | Hyundai Doosan Infracore Co. Ltd. | 174,738 | 679 |
| | LS Electric Co. Ltd. | 17,496 | 674 |
| 2 | Seegene Inc. | 33,456 | 673 |
| | Samsung SDI Co. Ltd. Preference Shares | 2,786 | 666 |
| | Amorepacific Corp. Preference Shares | 25,738 | 664 |
| 2 | Hite Jinro Co. Ltd. | 36,636 | 659 |
| | Hyosung TNC Corp. | 3,585 | 657 |
| *,2 | Naturecell Co. Ltd. | 54,045 | 654 |
| | Daeduck Electronics Co. Ltd. | 37,455 | 645 |
| | CJ ENM Co. Ltd. | 12,519 | 644 |
| | Mirae Asset Securities Co. Ltd. | 143,980 | 641 |
| | Chong Kun Dang Pharmaceutical Corp. | 10,793 | 636 |
| * | Kakaopay Corp. | 25,460 | 630 |
| 2 | LX Semicon Co. Ltd. | 10,823 | 628 |
| * | Daewoo Engineering & Construction Co. Ltd. | 211,924 | 624 |
| | | Shares | Market
Value•
($000) |
| * | STCUBE | 47,710 | 622 |
| 1,2 | Netmarble Corp. | 19,891 | 622 |
| *,2 | Hyundai Bioscience Co. Ltd. | 41,388 | 621 |
| 2 | Green Cross Corp. | 6,864 | 613 |
| 2 | Wemade Co. Ltd. | 19,735 | 612 |
| 2 | DL Holdings Co. Ltd. | 14,176 | 611 |
| 2 | Dongkuk Steel Mill Co. Ltd. | 76,269 | 611 |
| * | Hyundai Electric & Energy System Co. Ltd. | 25,385 | 611 |
| | ST Pharm Co. Ltd. | 10,408 | 607 |
| * | CJ Logistics Corp. | 9,835 | 606 |
| 2 | Koh Young Technology Inc. | 71,618 | 599 |
| * | KMW Co. Ltd. | 36,170 | 599 |
| 2 | AMOREPACIFIC Group | 34,454 | 597 |
| | Daewoong Pharmaceutical Co. Ltd. | 5,255 | 595 |
| 2 | Shin Poong Pharmaceutical Co. Ltd. | 38,748 | 587 |
| | SK REIT Co. Ltd. | 187,916 | 586 |
| 2 | Hanwha Systems Co. Ltd. | 74,579 | 583 |
| | Daishin Securities Co. Ltd. Preference Shares | 61,321 | 568 |
| 2 | SFA Engineering Corp. | 20,927 | 559 |
| | Com2uSCorp | 11,226 | 559 |
| * | Hugel Inc. | 7,018 | 550 |
| | Samchully Co. Ltd. | 2,803 | 549 |
| 2 | SIMMTECH Co. Ltd. | 21,950 | 543 |
| | Humasis Co. Ltd. | 36,187 | 532 |
| | Dongsuh Cos. Inc. | 37,125 | 531 |
| | Green Cross Holdings Corp. | 43,452 | 528 |
| 2 | KEPCO Plant Service & Engineering Co. Ltd. | 23,216 | 519 |
| | Foosung Co. Ltd. | 59,527 | 516 |
| | Hanwha Life Insurance Co. Ltd. | 335,495 | 514 |
| | Advanced Nano Products Co. Ltd. | 7,838 | 510 |
| | HAESUNG DS Co. Ltd. | 19,106 | 508 |
| 2 | KEPCO Engineering & Construction Co. Inc. | 14,528 | 506 |
| | MegaStudyEdu Co. Ltd. | 8,388 | 504 |
| | Han Kuk Carbon Co. | 64,709 | 503 |
| *,2 | Paradise Co. Ltd. | 49,997 | 498 |
| | Korean Reinsurance Co. | 96,686 | 498 |
| | SSANGYONG C&E Co. Ltd. | 124,055 | 494 |
| * | Creative & Innovative System | 53,797 | 491 |
| | Hyosung Corp. | 10,198 | 490 |
| * | SOLUM Co. Ltd. | 40,368 | 488 |
| 2 | Meritz Financial Group Inc. | 31,821 | 484 |
| | LG Household & Health Care Ltd. Preference Shares | 2,439 | 480 |
| | Ecopro HN Co. Ltd. | 13,208 | 478 |
| * | Myoung Shin Industrial Co. Ltd. | 39,269 | 474 |
| | AfreecaTV Co. Ltd. | 8,367 | 466 |
| | | Shares | Market
Value•
($000) |
| | Douzone Bizon Co. Ltd. | 21,738 | 465 |
| 3 | Unid Co. Ltd. | 8,587 | 463 |
| * | Bioneer Corp. | 24,802 | 462 |
| 2 | Ottogi Corp. | 1,486 | 460 |
| *,2 | Chabiotech Co. Ltd. | 49,658 | 459 |
| | Hanmi Semiconductor Co. Ltd. | 54,584 | 451 |
| * | Hanall Biopharma Co. Ltd. | 45,201 | 449 |
| * | Enchem Co. Ltd. | 8,536 | 445 |
| | Eo Technics Co. Ltd. | 9,669 | 441 |
| * | Hana Tour Service Inc. | 12,633 | 441 |
| * | LegoChem Biosciences Inc. | 18,558 | 441 |
| * | GeneOne Life Science Inc. | 84,701 | 438 |
| * | Pharmicell Co. Ltd. | 61,237 | 437 |
| *,2 | Taihan Electric Wire Co. Ltd. | 414,697 | 436 |
| 2 | BH Co. Ltd. | 25,865 | 436 |
| | Hyundai Construction Equipment Co. Ltd. | 14,247 | 429 |
| | Hanwha Corp. | 24,035 | 428 |
| | Lotte Rental Co. Ltd. | 20,535 | 426 |
| | HK inno N Corp. | 16,621 | 423 |
| * | Duk San Neolux Co. Ltd. | 15,700 | 422 |
| 2 | SK Networks Co. Ltd. | 147,072 | 415 |
| | Poongsan Corp. | 22,308 | 408 |
| | Hyundai Autoever Corp. | 4,871 | 404 |
| * | Genexine Inc. | 25,455 | 399 |
| | Park Systems Corp. | 5,168 | 397 |
| 2 | Kolmar Korea Co. Ltd. | 16,515 | 396 |
| | Dentium Co. Ltd. | 7,317 | 391 |
| *,2 | ABLBio Inc. | 27,916 | 391 |
| | Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 3,435 | 386 |
| | SL Corp. | 17,748 | 382 |
| 2 | HDC Hyundai Development Co-Engineering & Construction Class E | 54,120 | 379 |
| | Medytox Inc. | 5,066 | 373 |
| | Innocean Worldwide Inc. | 13,021 | 367 |
| | Solus Advanced Materials Co. Ltd. | 15,575 | 366 |
| * | GemVax & Kael Co. Ltd. | 41,462 | 360 |
| | S&S Tech Corp. | 20,669 | 359 |
| 2 | Doosan Co. Ltd. | 6,573 | 356 |
| 2 | YG Entertainment Inc. | 11,798 | 353 |
| | Tokai Carbon Korea Co. Ltd. | 4,972 | 353 |
| | JR Global REIT | 119,409 | 353 |
| | Shinhan Alpha REIT Co. Ltd. | 68,923 | 351 |
| | Daou Technology Inc. | 27,398 | 348 |
| *,2 | Oscotec Inc. | 27,276 | 348 |
| | Hanmi Science Co. Ltd. | 15,459 | 347 |
| | NICE Information Service Co. Ltd. | 37,896 | 345 |
| * | Kumho Tire Co. Inc. | 159,017 | 344 |
| | Lotte Chilsung Beverage Co. Ltd. | 3,461 | 341 |
| | Dawonsys Co. Ltd. | 28,487 | 341 |
| | LOTTE REIT Co. Ltd. | 135,321 | 341 |
| | PI Advanced Materials Co. Ltd. | 16,375 | 340 |
| * | Studio Dragon Corp. | 7,069 | 339 |
| | | Shares | Market
Value•
($000) |
| 2 | DoubleUGames Co. Ltd. | 10,014 | 337 |
| * | SAM KANG M&T Co. Ltd. | 23,556 | 334 |
| | ESR Kendall Square REIT Co. Ltd. | 133,264 | 333 |
| | Daewoong Co. Ltd. | 22,808 | 330 |
| | IS Dongseo Co. Ltd. | 14,949 | 330 |
| 2 | Huchems Fine Chemical Corp. | 22,417 | 327 |
| *,2 | Helixmith Co. Ltd. | 37,368 | 327 |
| | Youlchon Chemical Co. Ltd. | 14,243 | 326 |
| *,2 | Sam Chun Dang Pharm Co. Ltd. | 15,258 | 326 |
| * | Neowiz | 12,785 | 323 |
| *,2 | NKMax Co. Ltd. | 34,463 | 323 |
| *,2 | NEPES Corp. | 25,204 | 322 |
| | Korea Electric Terminal Co. Ltd. | 8,788 | 319 |
| 2 | Daesang Corp. | 21,426 | 315 |
| 2 | RFHIC Corp. | 21,362 | 315 |
| * | NHN Corp. | 19,507 | 314 |
| | Intellian Technologies Inc. | 7,186 | 314 |
| | Jusung Engineering Co. Ltd. | 38,406 | 308 |
| * | Hyosung Heavy Industries Corp. | 7,610 | 306 |
| 2 | Taekwang Industrial Co. Ltd. | 615 | 303 |
| * | HLB Therapeutics Co. Ltd. | 31,837 | 302 |
| * | Vaxcell-Bio Therapeutics Co. Ltd. | 11,891 | 302 |
| * | Wysiwyg Studios Co. Ltd. | 28,051 | 297 |
| 2 | Seoul Semiconductor Co. Ltd. | 40,069 | 293 |
| | Nexen Tire Corp. | 53,943 | 292 |
| | KCC Glass Corp. | 10,673 | 289 |
| 2 | GC Cell Corp. | 9,045 | 286 |
| | Samyang Holdings Corp. | 6,558 | 285 |
| * | Asiana Airlines Inc. | 39,127 | 284 |
| | Ahnlab Inc. | 6,498 | 284 |
| | PharmaResearch Co. Ltd. | 6,569 | 283 |
| | Handsome Co. Ltd. | 15,955 | 281 |
| | Hyundai Greenfood Co. Ltd. | 61,450 | 281 |
| 2 | Cosmax Inc. | 8,775 | 281 |
| * | SFA Semicon Co. Ltd. | 91,287 | 276 |
| 2 | Hanssem Co. Ltd. | 10,465 | 275 |
| 2 | Innox Advanced Materials Co. Ltd. | 14,365 | 275 |
| | DongKook Pharmaceutical Co. Ltd. | 24,831 | 273 |
| * | Hana Micron Inc. | 41,816 | 273 |
| | Lutronic Corp. | 21,231 | 270 |
| | Korea Petrochemical Ind Co. Ltd. | 3,241 | 269 |
| * | Eubiologics Co. Ltd. | 36,652 | 267 |
| | SNT Motiv Co. Ltd. | 8,590 | 266 |
| 2 | Partron Co. Ltd. | 46,163 | 265 |
| | Sebang Global Battery Co. Ltd. | 9,670 | 264 |
| *,2 | Amicogen Inc. | 19,806 | 264 |
| * | TY Holdings Co. Ltd. | 35,679 | 264 |
| | | Shares | Market
Value•
($000) |
| * | LX Holdings Corp. | 43,237 | 263 |
| | Hankook & Co. Co. Ltd. | 29,112 | 262 |
| * | Eoflow Co. Ltd. | 23,132 | 261 |
| * | Next Science Co. Ltd. | 46,581 | 260 |
| | Eugene Technology Co. Ltd. | 17,175 | 259 |
| *,2 | Cellivery Therapeutics Inc. | 29,732 | 259 |
| | GOLFZON Co. Ltd. | 3,185 | 257 |
| | Young Poong Corp. | 576 | 255 |
| * | CJ CGV Co. Ltd. | 26,970 | 255 |
| | Hanwha Investment & Securities Co. Ltd. | 147,595 | 254 |
| *,2 | Lotte Tour Development Co. Ltd. | 40,137 | 254 |
| | Boryung Pharmaceutical Co. Ltd. | 34,542 | 254 |
| | Dongwon Industries Co. Ltd. | 1,570 | 253 |
| | Mcnex Co. Ltd. | 13,189 | 253 |
| | INTOPS Co. Ltd. | 12,921 | 252 |
| * | MedPacto Inc. | 15,334 | 248 |
| | Tesna Inc. | 13,251 | 248 |
| | Lotte Confectionery Co. Ltd. | 2,706 | 247 |
| * | Shinsung E&G Co. Ltd. | 185,585 | 246 |
| | Youngone Holdings Co. Ltd. | 6,352 | 241 |
| | Dong-A Socio Holdings Co. Ltd. | 3,353 | 240 |
| | SK Discovery Co. Ltd. | 11,258 | 234 |
| * | Hanwha General Insurance Co. Ltd. | 90,104 | 233 |
| | Harim Holdings Co. Ltd. | 47,103 | 232 |
| * | Korea Line Corp. | 166,738 | 230 |
| 2 | Zinus Inc. | 10,492 | 230 |
| | Hanjin Transportation Co. Ltd. | 16,755 | 227 |
| | i-SENS Inc. | 9,358 | 227 |
| 2 | Sungwoo Hitech Co. Ltd. | 62,439 | 226 |
| * | CMG Pharmaceutical Co. Ltd. | 151,089 | 225 |
| | Orion Holdings Corp. | 22,426 | 225 |
| * | Danal Co. Ltd. | 55,587 | 225 |
| | Hansae Co. Ltd. | 21,409 | 221 |
| 2 | L&C Bio Co. Ltd. | 14,070 | 221 |
| | Songwon Industrial Co. Ltd. | 17,802 | 215 |
| | Bukwang Pharmaceutical Co. Ltd. | 40,483 | 214 |
| | Hyundai Home Shopping Network Corp. | 6,678 | 210 |
| | LF Corp. | 20,082 | 209 |
| 2 | Shinsegae International Inc. | 12,573 | 207 |
| | Posco ICT Co. Ltd. | 51,039 | 205 |
| | Seojin System Co. Ltd. | 19,950 | 205 |
| * | NHN KCP Corp. | 23,149 | 203 |
| | SK Gas Ltd. | 2,525 | 202 |
| * | BNC Korea Co. Ltd. | 54,351 | 202 |
| * | iNtRON Biotechnology Inc. | 32,431 | 201 |
| *,2 | Insun ENT Co. Ltd. | 31,364 | 197 |
| | Sangsangin Co. Ltd. | 43,111 | 196 |
| *,2 | Binex Co. Ltd. | 24,961 | 195 |
| | Nature Holdings Co. Ltd. | 10,154 | 191 |
| | | Shares | Market
Value•
($000) |
| | Advanced Process Systems Corp. | 15,616 | 189 |
| *,2 | Yungjin Pharmaceutical Co. Ltd. | 98,804 | 188 |
| *,2 | Grand Korea Leisure Co. Ltd. | 18,664 | 186 |
| | TK Corp. | 16,040 | 184 |
| | JW Pharmaceutical Corp. | 13,916 | 183 |
| * | DIO Corp. | 13,182 | 183 |
| *,2 | Ananti Inc. | 49,110 | 182 |
| * | Webzen Inc. | 17,380 | 182 |
| 2 | TES Co. Ltd. | 16,365 | 182 |
| * | HJ Shipbuilding & Construction Co. Ltd. | 73,702 | 181 |
| *,2 | Komipharm International Co. Ltd. | 35,613 | 179 |
| * | UniTest Inc. | 20,098 | 179 |
| | Sung Kwang Bend Co. Ltd. | 18,185 | 177 |
| | Dong-A ST Co. Ltd. | 4,623 | 177 |
| | Vieworks Co. Ltd. | 7,236 | 176 |
| * | Modetour Network Inc. | 16,554 | 175 |
| | iMarketKorea Inc. | 24,253 | 175 |
| * | Hyosung Chemical Corp. | 2,461 | 175 |
| | Samwha Capacitor Co. Ltd. | 7,752 | 174 |
| *,2 | Kuk-il Paper Manufacturing Co. Ltd. | 99,421 | 174 |
| * | Medipost Co. Ltd. | 17,203 | 173 |
| | SK Securities Co. Ltd. | 373,367 | 172 |
| | LX Hausys Ltd. | 7,559 | 171 |
| | NICE Holdings Co. Ltd. | 19,655 | 170 |
| | Ilyang Pharmaceutical Co. Ltd. | 13,609 | 170 |
| | Hansol Paper Co. Ltd. | 17,457 | 167 |
| | CJ CheilJedang Corp. Preference Shares | 1,429 | 166 |
| | Halla Holdings Corp. | 7,534 | 166 |
| | Korea Real Estate Investment & Trust Co. Ltd. | 171,141 | 164 |
| | Yuanta Securities Korea Co. Ltd. | 97,416 | 164 |
| * | Solid Inc. | 54,816 | 162 |
| *,2 | Mezzion Pharma Co. Ltd. | 17,178 | 158 |
| 2 | ENF Technology Co. Ltd. | 9,876 | 158 |
| | Korea United Pharm Inc. | 9,469 | 158 |
| 2 | Hanil Cement Co. Ltd. | 19,888 | 157 |
| * | CrystalGenomics Inc. | 65,836 | 157 |
| | Mirae Asset Life Insurance Co. Ltd. | 84,346 | 157 |
| * | AbClon Inc. | 14,113 | 157 |
| 2 | ITM Semiconductor Co. Ltd. | 7,554 | 156 |
| | LOTTE Himart Co. Ltd. | 16,760 | 155 |
| | InBody Co. Ltd. | 10,671 | 154 |
| 2 | KH Vatec Co. Ltd. | 18,069 | 154 |
| *,2 | Hancom Inc. | 16,467 | 151 |
| * | Sambu Engineering & Construction Co. Ltd. | 158,422 | 151 |
| * | Com2uS Holdings Corp. | 4,974 | 150 |
| | Binggrae Co. Ltd. | 5,689 | 149 |
| * | Ace Technologies Corp. | 43,100 | 149 |
| | HDC Holdings Co. Ltd. | 38,508 | 147 |
| | | Shares | Market
Value•
($000) |
| | Tongyang Life Insurance Co. Ltd. | 40,696 | 146 |
| * | OliX Pharmaceuticals Inc. | 10,430 | 145 |
| 2 | Soulbrain Holdings Co. Ltd. | 8,879 | 144 |
| | KISWIRE Ltd. | 11,356 | 143 |
| | Seobu T&D | 30,490 | 143 |
| | Seah Besteel Corp. | 12,109 | 142 |
| | Daea TI Co. Ltd. | 69,968 | 140 |
| | Huons Co. Ltd. | 6,404 | 140 |
| 2 | Cuckoo Homesys Co. Ltd. | 6,811 | 137 |
| | Namhae Chemical Corp. | 21,157 | 135 |
| * | Wonik Holdings Co. Ltd. | 57,021 | 133 |
| | SPC Samlip Co. Ltd. | 2,642 | 131 |
| | Tongyang Inc. | 187,196 | 130 |
| * | Eutilex Co. Ltd. | 25,360 | 130 |
| | Namyang Dairy Products Co. Ltd. | 504 | 129 |
| | Chongkundang Holdings Corp. | 3,470 | 128 |
| | HS Industries Co. Ltd. | 48,529 | 128 |
| 2 | Gradiant Corp. | 13,228 | 127 |
| * | Giantstep Inc. | 10,609 | 127 |
| * | Samsung Pharmaceutical Co. Ltd. | 65,384 | 125 |
| | Eusu Holdings Co. Ltd. | 25,616 | 124 |
| | KUMHOE&C Co. Ltd. | 29,223 | 124 |
| | Hyundai Bioland Co. Ltd. | 14,601 | 124 |
| | Kwang Dong Pharmaceutical Co. Ltd. | 28,923 | 120 |
| | KTB Investment & Securities Co. Ltd. | 55,345 | 120 |
| | Eugene Investment & Securities Co. Ltd. | 73,834 | 119 |
| | KC Tech Co. Ltd. | 11,245 | 119 |
| | Dongwon F&B Co. Ltd. | 1,291 | 117 |
| | Hankook Shell Oil Co. Ltd. | 670 | 117 |
| * | Hansol Technics Co. Ltd. | 31,255 | 114 |
| | Kolon Corp. | 7,213 | 114 |
| * | Inscobee Inc. | 103,073 | 111 |
| | Samyang Corp. | 4,269 | 111 |
| | CJ Freshway Corp. | 4,781 | 107 |
| * | Namsun Aluminum Co. Ltd. | 73,435 | 107 |
| | Hyundai Corp. | 9,252 | 105 |
| | LG Electronics Inc. Preference Shares | 3,781 | 105 |
| * | Cafe24 Corp. | 14,838 | 105 |
| * | Enzychem Lifesciences Corp. | 78,426 | 105 |
| | Hansol Holdings Co. Ltd. | 46,848 | 104 |
| | Maeil Dairies Co. Ltd. | 3,138 | 104 |
| | KC Co. Ltd. | 9,355 | 102 |
| * | Homecast Co. Ltd. | 34,891 | 101 |
| | Jeil Pharmaceutical Co. Ltd. | 8,035 | 101 |
| | KT Skylife Co. Ltd. | 17,601 | 101 |
| | Sindoh Co. Ltd. | 4,440 | 100 |
| | Dae Han Flour Mills Co. Ltd. | 1,098 | 99 |
| | Toptec Co. Ltd. | 20,827 | 99 |
| | LG HelloVision Co. Ltd. | 30,960 | 99 |
| * | Peptron Inc. | 17,765 | 99 |
| | | Shares | Market
Value•
($000) |
| | Korea Asset In Trust Co. Ltd. | 48,193 | 98 |
| | E1 Corp. | 3,252 | 97 |
| *,2 | Telcon RF Pharmaceutical Inc. | 130,325 | 97 |
| | Byucksan Corp. | 69,762 | 95 |
| | Woongjin Thinkbig Co. Ltd. | 59,387 | 95 |
| | OptoElectronics Solutions Co. Ltd. | 8,368 | 93 |
| | Daeduck Co. Ltd. | 21,369 | 90 |
| | KISCO Corp. | 21,795 | 89 |
| * | Cellid Co. Ltd. | 8,423 | 88 |
| * | KH Feelux Co. Ltd. | 127,559 | 87 |
| | ICD Co. Ltd. | 14,626 | 87 |
| | Humedix Co. Ltd. | 5,513 | 81 |
| | DB Financial Investment Co. Ltd. | 28,425 | 80 |
| * | Dongsung Pharmaceutical Co. Ltd. | 17,023 | 80 |
| * | Interflex Co. Ltd. | 11,070 | 79 |
| * | Aprogen pharmaceuticals Inc. | 199,372 | 78 |
| | Sam Young Electronics Co. Ltd. | 11,203 | 77 |
| | Hanil Holdings Co. Ltd. | 10,857 | 77 |
| | Taeyoung Engineering & Construction Co. Ltd. | 25,696 | 76 |
| | Kolmar Korea Holdings Co. Ltd. | 7,605 | 74 |
| | Kyobo Securities Co. Ltd. | 19,540 | 72 |
| | BGF Co. Ltd. | 30,583 | 70 |
| | Daishin Securities Co. Ltd. | 6,879 | 67 |
| | Huons Global Co. Ltd. | 5,419 | 67 |
| | Cuckoo Holdings Co. Ltd. | 5,760 | 66 |
| | Lock&Lock Co. Ltd. | 15,263 | 65 |
| *,2 | HLB Inc. Rights Exp. 12/2/22 | 9,390 | 65 |
| | Aekyung Industrial Co. Ltd. | 7,793 | 60 |
| * | CUROCOM Co. Ltd. | 103,893 | 58 |
| * | Anterogen Co. Ltd. | 5,519 | 55 |
| * | Able C&C Co. Ltd. | 17,353 | 53 |
| | Hyundai Motor Co. Preference Shares | 903 | 50 |
| | Hyundai Livart Furniture Co. Ltd. | 8,465 | 50 |
| * | Osteogenic Core Technologies Rights Exp. 11/8/22 | 5,252 | 13 |
| | | | ���927,458 |
Total Common Stocks
(Cost $9,318,222) | 7,581,595 |
| | | Shares | Market
Value•
($000) |
| Temporary Cash Investments (1.1%) |
| Money Market Fund (1.1%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $84,041) | 840,735 | 84,057 |
| Total Investments (100.2%) (Cost $9,402,263) | 7,665,652 |
| Other Assets and Liabilities—Net (-0.2%) | (14,767) |
| Net Assets (100%) | 7,650,885 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $40,932,000, representing 0.5% of net assets. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $71,694,000. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $77,302,000 was received for securities on loan. |
| GDR—Global Depositary Receipt. |
| REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| KOSPI 200 Index | December 2022 | 209 | 11,030 | (68) |
| S&P ASX 200 Index | December 2022 | 157 | 17,213 | 100 |
| Topix Index | December 2022 | 297 | 38,469 | 836 |
| | | | | 868 |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | Receive | Deliver |
| State Street Bank & Trust Co. | 12/21/22 | AUD | 9,156 | USD | 5,937 | — | (70) |
| BNP Paribas | 12/21/22 | AUD | 8,604 | USD | 5,592 | — | (79) |
| State Street Bank & Trust Co. | 12/21/22 | AUD | 3,762 | USD | 2,397 | 14 | — |
| Morgan Stanley Capital Services Inc. | 12/21/22 | AUD | 2,605 | USD | 1,766 | — | (97) |
| JPMorgan Chase Bank, N.A. | 12/21/22 | JPY | 4,453,428 | USD | 31,585 | — | (1,429) |
| Deutsche Bank AG | 12/21/22 | KRW | 10,724,498 | USD | 7,807 | — | (270) |
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | Receive | Deliver |
| State Street Bank & Trust Co. | 12/21/22 | USD | 4,364 | AUD | 6,469 | 219 | — |
| Standard Chartered Bank | 12/21/22 | USD | 584 | HKD | 4,575 | 1 | — |
| UBS AG | 12/21/22 | USD | 29,007 | JPY | 4,157,452 | 855 | — |
| Bank of Montreal | 12/21/22 | USD | 8,039 | JPY | 1,144,170 | 291 | — |
| | | | | | | 1,380 | (1,945) |
| AUD—Australian dollar. |
| HKD—Hong Kong dollar. |
| JPY—Japanese yen. |
| KRW—Korean won. |
| USD—U.S. dollar. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $491,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
Statement of Assets and Liabilities
|
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $9,318,222) | 7,581,595 |
| Affiliated Issuers (Cost $84,041) | 84,057 |
| Total Investments in Securities | 7,665,652 |
| Investment in Vanguard | 297 |
| Cash | 96 |
| Cash Collateral Pledged—Futures Contracts | 4,738 |
| Cash Collateral Pledged—Forward Currency Contracts | 1,060 |
| Foreign Currency, at Value (Cost $5,602) | 5,608 |
| Receivables for Investment Securities Sold | 3,597 |
| Receivables for Accrued Income | 43,035 |
| Receivables for Capital Shares Issued | 3,030 |
| Unrealized Appreciation—Forward Currency Contracts | 1,380 |
| Other Assets | 1,985 |
| Total Assets | 7,730,478 |
| Liabilities | |
| Payables for Investment Securities Purchased | 4 |
| Collateral for Securities on Loan | 77,302 |
| Payables to Vanguard | 284 |
| Variation Margin Payable—Futures Contracts | 58 |
| Unrealized Depreciation—Forward Currency Contracts | 1,945 |
| Total Liabilities | 79,593 |
| Net Assets | 7,650,885 |
| 1 Includes $71,694 of securities on loan. | |
Statement of Assets and Liabilities (continued)
|
| At October 31, 2022, net assets consisted of: | |
| ($000s, except shares and per-share amounts) | Amount |
| Paid-in Capital | 9,821,139 |
| Total Distributable Earnings (Loss) | (2,170,254) |
| Net Assets | 7,650,885 |
| |
| Investor Shares—Net Assets | |
Applicable to 542,291 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 6,077 |
| Net Asset Value Per Share—Investor Shares | $11.21 |
| |
| ETF Shares—Net Assets | |
Applicable to 89,756,014 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 5,275,857 |
| Net Asset Value Per Share—ETF Shares | $58.78 |
| |
| Admiral Shares—Net Assets | |
Applicable to 28,497,345 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 2,072,102 |
| Net Asset Value Per Share—Admiral Shares | $72.71 |
| |
| Institutional Shares—Net Assets | |
Applicable to 26,682,031 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 296,849 |
| Net Asset Value Per Share—Institutional Shares | $11.13 |
See accompanying Notes, which are an integral part of the Financial Statements.
|
| | Year Ended
October 31, 2022 |
| | ($000) |
| Investment Income | |
| Income | |
| Dividends1 | 261,384 |
| Interest2 | 203 |
| Securities Lending—Net | 2,457 |
| Total Income | 264,044 |
| Expenses | |
| The Vanguard Group—Note B | |
| Investment Advisory Services | 876 |
| Management and Administrative—Investor Shares | 12 |
| Management and Administrative—ETF Shares | 2,761 |
| Management and Administrative—Admiral Shares | 1,897 |
| Management and Administrative—Institutional Shares | 164 |
| Marketing and Distribution—Investor Shares | 1 |
| Marketing and Distribution—ETF Shares | 226 |
| Marketing and Distribution—Admiral Shares | 94 |
| Marketing and Distribution—Institutional Shares | 11 |
| Custodian Fees | 588 |
| Auditing Fees | 46 |
| Shareholders’ Reports—Investor Shares | 5 |
| Shareholders’ Reports—ETF Shares | 393 |
| Shareholders’ Reports—Admiral Shares | 42 |
| Shareholders’ Reports—Institutional Shares | 37 |
| Trustees’ Fees and Expenses | 3 |
| Other Expenses | 40 |
| Total Expenses | 7,196 |
| Expenses Paid Indirectly | (31) |
| Net Expenses | 7,165 |
| Net Investment Income | 256,879 |
| Realized Net Gain (Loss) | |
| Investment Securities Sold2,3 | (151,609) |
| Futures Contracts | (8,943) |
| Forward Currency Contracts | (6,932) |
| Foreign Currencies | (8,767) |
| Realized Net Gain (Loss) | (176,251) |
| Statement of Operations (continued) |
| | Year Ended
October 31, 2022 |
| | ($000) |
| Change in Unrealized Appreciation (Depreciation) | |
| Investment Securities2 | (2,441,962) |
| Futures Contracts | 2,496 |
| Forward Currency Contracts | 67 |
| Foreign Currencies | (674) |
| Change in Unrealized Appreciation (Depreciation) | (2,440,073) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (2,359,445) |
| | |
| 1 | Dividends are net of foreign withholding taxes of $17,693,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $180,000, ($17,000), $1,000, and $16,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | Includes $57,720,000 of net gain (loss) resulting from in-kind redemptions. |
See accompanying Notes, which are an integral part of the Financial Statements.
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| | | |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 256,879 | 204,877 |
| Realized Net Gain (Loss) | (176,251) | (9,452) |
| Change in Unrealized Appreciation (Depreciation) | (2,440,073) | 1,283,609 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (2,359,445) | 1,479,034 |
| Distributions | | |
| Investor Shares | (302) | (265) |
| ETF Shares | (165,182) | (116,979) |
| Admiral Shares | (77,608) | (65,199) |
| Institutional Shares | (10,843) | (10,274) |
| Total Distributions | (253,935) | (192,717) |
| Capital Share Transactions | | |
| Investor Shares | (2,936) | 241 |
| ETF Shares | 1,532,020 | 1,097,611 |
| Admiral Shares | 21,187 | 89,575 |
| Institutional Shares | (10,192) | (68,312) |
| Net Increase (Decrease) from Capital Share Transactions | 1,540,079 | 1,119,115 |
| Total Increase (Decrease) | (1,073,301) | 2,405,432 |
| Net Assets | | |
| Beginning of Period | 8,724,186 | 6,318,754 |
| End of Period | 7,650,885 | 8,724,186 |
See accompanying Notes, which are an integral part of the Financial Statements.
| Investor Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $15.40 | $12.79 | $13.01 | $12.24 | $13.56 |
| Investment Operations | | | | | |
| Net Investment Income1 | .386 | .349 | .283 | .309 | .347 |
| Net Realized and Unrealized Gain (Loss) on Investments | (4.175) | 2.600 | (.209) | .801 | (1.336) |
| Total from Investment Operations | (3.789) | 2.949 | .074 | 1.110 | (.989) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (.401) | (.339) | (.294) | (.340) | (.331) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (.401) | (.339) | (.294) | (.340) | (.331) |
| Net Asset Value, End of Period | $11.21 | $15.40 | $12.79 | $13.01 | $12.24 |
| Total Return2 | -25.08% | 23.09% | 0.52% | 9.39% | -7.53% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $6 | $12 | $10 | $11 | $225 |
| Ratio of Total Expenses to Average Net Assets | 0.23%3 | 0.23% | 0.23% | 0.23% | 0.23% |
| Ratio of Net Investment Income to Average Net Assets | 2.87% | 2.25% | 2.28% | 2.50% | 2.51% |
| Portfolio Turnover Rate4 | 6% | 5% | 4% | 4% | 4% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.23%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
| FTSE Pacific ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $80.80 | $67.11 | $68.25 | $64.24 | $71.13 |
| Investment Operations | | | | | |
| Net Investment Income1 | 2.158 | 1.993 | 1.577 | 1.823 | 1.895 |
| Net Realized and Unrealized Gain (Loss) on Investments | (21.961) | 13.594 | (1.091) | 4.071 | (6.940) |
| Total from Investment Operations | (19.803) | 15.587 | .486 | 5.894 | (5.045) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.217) | (1.897) | (1.626) | (1.884) | (1.845) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.217) | (1.897) | (1.626) | (1.884) | (1.845) |
| Net Asset Value, End of Period | $58.78 | $80.80 | $67.11 | $68.25 | $64.24 |
| Total Return | -24.99% | 23.27% | 0.68% | 9.53% | -7.34% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $5,276 | $5,463 | $3,630 | $3,708 | $3,927 |
| Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.09% |
| Ratio of Net Investment Income to Average Net Assets | 3.11% | 2.45% | 2.42% | 2.80% | 2.65% |
| Portfolio Turnover Rate3 | 6% | 5% | 4% | 4% | 4% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
| Admiral Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $99.94 | $83.00 | $84.41 | $79.43 | $87.97 |
| Investment Operations | | | | | |
| Net Investment Income1 | 2.648 | 2.399 | 1.938 | 2.251 | 2.360 |
| Net Realized and Unrealized Gain (Loss) on Investments | (27.155) | 16.866 | (1.354) | 5.031 | (8.618) |
| Total from Investment Operations | (24.507) | 19.265 | .584 | 7.282 | (6.258) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.723) | (2.325) | (1.994) | (2.302) | (2.282) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.723) | (2.325) | (1.994) | (2.302) | (2.282) |
| Net Asset Value, End of Period | $72.71 | $99.94 | $83.00 | $84.41 | $79.43 |
| Total Return2 | -25.01% | 23.25% | 0.66% | 9.50% | -7.36% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $2,072 | $2,834 | $2,279 | $2,493 | $2,202 |
| Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.10% |
| Ratio of Net Investment Income to Average Net Assets | 3.06% | 2.39% | 2.40% | 2.80% | 2.64% |
| Portfolio Turnover Rate4 | 6% | 5% | 4% | 4% | 4% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $15.29 | $12.70 | $12.91 | $12.15 | $13.46 |
| Investment Operations | | | | | |
| Net Investment Income1 | .405 | .366 | .296 | .346 | .364 |
| Net Realized and Unrealized Gain (Loss) on Investments | (4.146) | 2.582 | (.199) | .770 | (1.323) |
| Total from Investment Operations | (3.741) | 2.948 | .097 | 1.116 | (.959) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (.419) | (.358) | (.307) | (.356) | (.351) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (.419) | (.358) | (.307) | (.356) | (.351) |
| Net Asset Value, End of Period | $11.13 | $15.29 | $12.70 | $12.91 | $12.15 |
| Total Return | -24.96% | 23.25% | 0.72% | 9.51% | -7.37% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $297 | $416 | $400 | $508 | $443 |
| Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% |
| Ratio of Net Investment Income to Average Net Assets | 3.06% | 2.39% | 2.40% | 2.81% | 2.66% |
| Portfolio Turnover Rate3 | 6% | 5% | 4% | 4% | 4% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Notes to Financial Statements
Vanguard Pacific Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers four classes of shares: Investor Shares, ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Pacific ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at October 31, 2022, the fund had a concentration of its investments in securities issued in Japan, and the performance of such investments may be impacted by the country's social, political, and economic conditions.
Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in
the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple
Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $297,000, representing less than 0.01% of the fund’s net assets and 0.12% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
| C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $31,000 (an annual rate of less than 0.01% of average net assets). |
| D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks | — | 7,579,243 | 2,352 | 7,581,595 |
| Temporary Cash Investments | 84,057 | — | — | 84,057 |
| Total | 84,057 | 7,579,243 | 2,352 | 7,665,652 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 936 | — | — | 936 |
| Forward Currency Contracts | — | 1,380 | — | 1,380 |
| Total | 936 | 1,380 | — | 2,316 |
| Liabilities | | | | |
| Futures Contracts1 | 68 | — | — | 68 |
| Forward Currency Contracts | — | 1,945 | — | 1,945 |
| Total | 68 | 1,945 | — | 2,013 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
| E. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 936 | — | 936 |
| Unrealized Appreciation—Forward Currency Contracts | — | 1,380 | 1,380 |
| Total Assets | 936 | 1,380 | 2,316 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 68 | — | 68 |
| Unrealized Depreciation—Forward Currency Contracts | — | 1,945 | 1,945 |
| Total Liabilities | 68 | 1,945 | 2,013 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (8,943) | — | (8,943) |
| Forward Currency Contracts | — | (6,932) | (6,932) |
| Realized Net Gain (Loss) on Derivatives | (8,943) | (6,932) | (15,875) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | 2,496 | — | 2,496 |
| Forward Currency Contracts | — | 67 | 67 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | 2,496 | 67 | 2,563 |
| F. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable in-kind redemptions, foreign currency transactions, and passive foreign investment companies were reclassified between the following accounts: |
| | Amount
($000) |
| Paid-in Capital | 54,315 |
| Total Distributable Earnings (Loss) | (54,315) |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 96,203 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (454,154) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (1,812,303) |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 253,935 | 192,717 |
| Long-Term Capital Gains | — | — |
| Total | 253,935 | 192,717 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 9,477,400 |
| Gross Unrealized Appreciation | 896,733 |
| Gross Unrealized Depreciation | (2,707,612) |
| Net Unrealized Appreciation (Depreciation) | (1,810,879) |
| G. | During the year ended October 31, 2022, the fund purchased $2,130,210,000 of investment securities and sold $624,957,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,353,144,000 and $160,875,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
| H. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Investor Shares | | | | | |
| Issued | 923 | 66 | | 2,019 | 131 |
| Issued in Lieu of Cash Distributions | 302 | 22 | | 265 | 17 |
| Redeemed | (4,161) | (327) | | (2,043) | (132) |
| Net Increase (Decrease)—Investor Shares | (2,936) | (239) | | 241 | 16 |
| ETF Shares | | | | | |
| Issued | 1,717,524 | 24,749 | | 1,267,655 | 15,614 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | (185,504) | (2,600) | | (170,044) | (2,100) |
| Net Increase (Decrease)—ETF Shares | 1,532,020 | 22,149 | | 1,097,611 | 13,514 |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Admiral Shares | | | | | |
| Issued | 266,172 | 3,064 | | 354,619 | 3,543 |
| Issued in Lieu of Cash Distributions | 62,791 | 705 | | 52,662 | 529 |
| Redeemed | (307,776) | (3,626) | | (317,706) | (3,175) |
| Net Increase (Decrease)—Admiral Shares | 21,187 | 143 | | 89,575 | 897 |
| Institutional Shares | | | | | |
| Issued | 77,837 | 6,226 | | 70,526 | 4,592 |
| Issued in Lieu of Cash Distributions | 8,344 | 609 | | 8,184 | 539 |
| Redeemed | (96,373) | (7,332) | | (147,022) | (9,454) |
| Net Increase (Decrease)—Institutional Shares | (10,192) | (497) | | (68,312) | (4,323) |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Vanguard International Equity Index Funds and Shareholders of Vanguard European Stock Index Fund and Vanguard Pacific Stock Index Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Vanguard European Stock Index Fund and Vanguard Pacific Stock Index Fund (two of the funds constituting Vanguard International Equity Index Funds, hereafter collectively referred to as the "Funds") as of October 31, 2022, the related statements of operations for the year ended October 31, 2022, the statements of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2022, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2022 and each of the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 16, 2022
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
Tax information (unaudited) for Vanguard European Stock Index Fund
The fund hereby designates $766,651,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $34,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $824,323,000 and foreign taxes paid of $15,201,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
Tax information (unaudited) for Vanguard Pacific Stock Index Fund
The fund hereby designates $183,121,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $59,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $278,744,000 and foreign taxes paid of $16,716,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 206 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Member of the board of governors of the Investment Company Institute and the board of governors of FINRA. Trustee and vice chair of The Shipley School.
Independent Trustees
Tara Bunch
Born in 1962. Trustee since November 2021. Principal occupation(s) during the past five years and other experience: head of global operations at Airbnb (2020–present). Vice president of AppleCare (2012–2020). Member of the board of directors of Out & Equal (2002–2006), the advisory board of the University of California, Berkeley School of Engineering (2020–present), and the advisory board
of Santa Clara University’s Leavey School of Business (2018–present).
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Member of the board of directors of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra. Trustee of the University of Rochester.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services). Director of the V Foundation. Member of the advisory council for the College of
1 Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
Arts and Letters at the University of Notre Dame. Chairman of the board of Saint Anselm College.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: adjunct professor of finance at the University of Notre Dame (2020–present). Chief investment officer (retired 2020) and vice president (retired 2020) of the University of Notre Dame. Assistant professor (retired June 2020) of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee. Member of the board of Catholic Investment Services, Inc. (investment advisors), the board of superintendence of the Institute for the Works of Religion, and the board of directors of Paxos Trust Company (finance).
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chief executive officer of Purposeful (advisory firm for CEOs and C-level executives; 2021–present). Board chair (2020), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of Individual Life and Disability of the Guardian Life Insurance Company of America. Member of the board of the Economic Club of New York. Trustee of the Partnership for New York City (business leadership), Chief Executives for Corporate Purpose, and the NewYork-Presbyterian Hospital.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board (2018–present) of RIT Capital Partners (investment
firm). Member of the investment committee of Partners Health Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Colin W. Brown Distinguished Professor of the Practice of Law (2021–present), professor (2020–present), Distinguished Fellow of the Global Financial Markets Center (2020–present), and Rubenstein Fellow (2017–2020) at Duke University. Trustee (2017–present) of Amherst College and member of Amherst College Investment Committee (2019–present). Member of the Regenerative Crisis Response Committee (2020–present).
David A. Thomas
Born in 1956. Trustee since July 2021. Principal occupation(s) during the past five years and other experience: president of Morehouse College (2018–present). Professor of business administration, emeritus at Harvard University (2017–2018). Dean (2011–2016) and professor of management (2016–2017) at the Georgetown University McDonough School of Business. Director of DTE Energy Company (2013–present). Trustee of Common Fund (2019–present).
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth College (2001–2013). Member of the BMW Group Mobility Council.
Executive Officers
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2021–present) and treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Special assistant to the President of the United States (2015).
Ashley Grim
Born in 1984. Principal occupation(s) during the past five years and other experience: treasurer (February 2022–present) of each of the investment companies served by Vanguard. Fund transfer agent controller (2019–2022) and director of Audit Services (2017–2019) at Vanguard. Senior manager (2015–2017) at PriceWaterhouseCoopers (audit and assurance, consulting, and tax services).
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express. Nonexecutive director of the board of National Grid (energy).
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
| Matthew Benchener | Thomas M. Rampulla |
| Joseph Brennan | Karin A. Risi |
| Mortimer J. Buckley | Anne E. Robinson |
| Gregory Davis | Michael Rollings |
| John James | Nitin Tandon |
| Chris D. Mclsaac | Lauren Valente |
Connect with Vanguard®>vanguard.com
Fund Information > 800-662-7447
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Institutional Investor Services > 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
All comparative mutual fund data are from Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
Source for Bloomberg indexes: Bloomberg Index Services Limited. Copyright 2022, Bloomberg. All rights reserved.
© 2022 The Vanguard Group, Inc.
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Q720 122022
Annual Report | October 31, 2022
Vanguard Total World Stock Index Fund
Contents
Your Fund’s Performance at a Glance
| 1 |
About Your Fund’s Expenses
| 2 |
Performance Summary
| 3 |
Financial Statements
| 5 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
| • | For the 12 months ended October 31, 2022, Vanguard Total World Stock Index Fund returned –19.91% for ETF Shares (based on net asset value) and Institutional Shares, and –19.93% for Admiral Shares. The fund's benchmark, the FTSE Global All Cap Index, returned –19.86%. |
| • | The economic backdrop deteriorated as inflation soared to multidecade highs, fueled in part by higher energy and food prices in the wake of Russia’s invasion of Ukraine. Then price increases broadened to other categories of goods and services, adding to concerns that inflation would remain stubbornly high. That prompted aggressive tightening by many central banks to bring inflation back in check and increased fears of a recession. |
| • | U.S. stocks, which made up more than half of the index’s assets, contributed significantly to its negative performance. China, Taiwan, the U.K., and Germany were also among the leading detractors. |
| • | All sectors contributed negatively to the index’s return. Technology (the largest sector at about 20%), consumer discretionary, and industrials detracted the most. |
Market Barometer
Average Annual Total Returns
Periods Ended October 31, 2022 |
| | One Year | Three Years | Five Years |
| Stocks | | | |
| Russell 1000 Index (Large-caps) | -16.38% | 9.99% | 10.19% |
| Russell 2000 Index (Small-caps) | -18.54 | 7.05 | 5.56 |
| Russell 3000 Index (Broad U.S. market) | -16.52 | 9.79 | 9.87 |
| FTSE All-World ex US Index (International) | -24.20 | -1.16 | -0.18 |
| Bonds | | | |
Bloomberg U.S. Aggregate Float Adjusted Index
(Broad taxable market) | -15.69% | -3.73% | -0.50% |
Bloomberg Municipal Bond Index
(Broad tax-exempt market) | -11.98 | -2.18 | 0.37 |
| FTSE Three-Month U.S. Treasury Bill Index | 0.88 | 0.59 | 1.15 |
| CPI | | | |
| Consumer Price Index | 7.75% | 5.01% | 3.85% |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
| • | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
| • | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Actual Fund Return | | | |
| Total World Stock Index Fund | | | |
| ETF Shares | $1,000.00 | $910.50 | $0.34 |
| Admiral™ Shares | 1,000.00 | 910.60 | 0.48 |
| Institutional Shares | 1,000.00 | 910.60 | 0.39 |
| Based on Hypothetical 5% Yearly Return | | | |
| Total World Stock Index Fund | | | |
| ETF Shares | $1,000.00 | $1,024.85 | $0.36 |
| Admiral Shares | 1,000.00 | 1,024.70 | 0.51 |
| Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.07% for ETF Shares, 0.10% for Admiral Shares, and 0.08% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (184/365).
Total World Stock Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
 | Total World Stock Index Fund ETF Shares Net Asset Value | -19.91% | 5.30% | 8.25% | $22,085 |
| | Total World Stock Index Fund ETF Shares Market Price | -19.88 | 5.30 | 8.26 | 22,122 |
 | Spliced Total World Stock Index | -19.86 | 5.36 | 8.33 | 22,253 |
Spliced Total World Stock Index: FTSE All-World Index through December 18, 2011, and FTSE Global All Cap Index thereafter. Benchmark returns are adjusted for withholding taxes.
| | | | |
| | | One
Year | Since
Inception
(2/7/2019) | Final Value
of a $10,000
Investment |
| Total World Stock Index Fund Admiral Shares | -19.93% | 6.90% | $12,823 |
| Spliced Total World Stock Index | -19.86 | 6.94 | 12,842 |
“Since Inception” performance is calculated from the Admiral Shares’ inception date for both the fund and its comparative standard(s).
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| Total World Stock Index Fund Institutional Shares | -19.91% | 5.29% | 8.25% | $11,044,471 |
| Spliced Total World Stock Index | -19.86 | 5.36 | 8.33 | 11,126,590 |
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| Total World Stock Index Fund ETF Shares Market Price | -19.88% | 29.45% | 121.22% |
| Total World Stock Index Fund ETF Shares Net Asset Value | -19.91 | 29.43 | 120.85 |
| Spliced Total World Stock Index | -19.86 | 29.84 | 122.53 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
See Financial Highlights for dividend and capital gains information.
Total World Stock Index Fund
| United States | 61.4% |
| Japan | 5.9 |
| United Kingdom | 4.1 |
| Canada | 3.1 |
| China | 2.7 |
| France | 2.5 |
| Switzerland | 2.3 |
| Australia | 2.1 |
| India | 1.9 |
| Germany | 1.8 |
| Taiwan | 1.5 |
| South Korea | 1.3 |
| Other | 9.4 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
Total World Stock Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.5%) |
| Australia (2.1%) |
| | BHP Group Ltd. | 2,543,318 | 61,091 |
| | Commonwealth Bank of Australia | 859,678 | 57,639 |
| | CSL Ltd. | 243,423 | 43,576 |
| | National Australia Bank Ltd. | 1,601,517 | 33,267 |
| | Westpac Banking Corp. | 1,757,548 | 27,138 |
| | Australia & New Zealand Banking Group Ltd. | 1,556,822 | 25,507 |
| | Woodside Energy Group Ltd. | 956,204 | 22,106 |
| | Macquarie Group Ltd. | 178,165 | 19,328 |
| | Wesfarmers Ltd. | 578,725 | 16,794 |
| | Transurban Group (XASX) | 1,563,360 | 13,262 |
| | Woolworths Group Ltd. | 619,256 | 13,077 |
| | Rio Tinto Ltd. | 189,897 | 10,777 |
| | Goodman Group | 934,369 | 10,167 |
| | Amcor plc GDR | 712,334 | 8,273 |
| | Santos Ltd. | 1,647,698 | 8,043 |
| | Aristocrat Leisure Ltd. | 338,049 | 8,024 |
| | Fortescue Metals Group Ltd. | 817,748 | 7,704 |
| | Coles Group Ltd. | 651,557 | 6,812 |
| | QBE Insurance Group Ltd. | 764,095 | 5,987 |
| | South32 Ltd. | 2,392,243 | 5,488 |
| | Brambles Ltd. | 731,661 | 5,478 |
| | Scentre Group | 2,789,986 | 5,192 |
| | Sonic Healthcare Ltd. | 247,620 | 5,184 |
| * | Telstra Group Ltd. | 1,990,108 | 4,990 |
| | James Hardie Industries plc GDR | 227,355 | 4,964 |
| | Newcrest Mining Ltd. (XASX) | 433,058 | 4,796 |
| | Suncorp Group Ltd. | 651,231 | 4,764 |
| * | Pilbara Minerals Ltd. | 1,365,143 | 4,437 |
| | Computershare Ltd. (XASX) | 270,432 | 4,378 |
| | Cochlear Ltd. | 33,690 | 4,304 |
| | ASX Ltd. | 93,298 | 4,042 |
| | Mineral Resources Ltd. | 85,356 | 4,002 |
| | APA Group | 581,040 | 3,912 |
| | Insurance Australia Group Ltd. | 1,233,644 | 3,872 |
| * | Xero Ltd. | 69,447 | 3,449 |
| | Dexus (XASX) | 690,158 | 3,439 |
| | Ramsay Health Care Ltd. | 85,188 | 3,195 |
| | Stockland | 1,385,157 | 3,192 |
| | Treasury Wine Estates Ltd. | 378,969 | 3,140 |
| | Atlas Arteria Ltd. | 732,162 | 3,082 |
| | Northern Star Resources Ltd. | 548,005 | 3,058 |
| | Origin Energy Ltd. | 829,986 | 2,965 |
| * | Lottery Corp. Ltd. | 1,077,502 | 2,956 |
| | WiseTech Global Ltd. | 79,572 | 2,943 |
| | IGO Ltd. | 300,754 | 2,941 |
| | | Shares | Market
Value•
($000) |
| | Endeavour Group Ltd. | 610,112 | 2,793 |
| * | Allkem Ltd. | 293,069 | 2,708 |
| | OZ Minerals Ltd. | ��� 165,615 | 2,564 |
| | GPT Group | 920,583 | 2,544 |
| | Mirvac Group | 1,892,486 | 2,507 |
| | Medibank Pvt Ltd. | 1,384,199 | 2,492 |
| * | Lynas Rare Earths Ltd. | 466,457 | 2,488 |
| | Charter Hall Group | 295,960 | 2,457 |
| | Whitehaven Coal Ltd. | 421,728 | 2,450 |
| | Washington H Soul Pattinson & Co. Ltd. | 133,885 | 2,396 |
| | BlueScope Steel Ltd. | 230,609 | 2,322 |
| | Incitec Pivot Ltd. | 957,869 | 2,304 |
| | Vicinity Centres | 1,818,344 | 2,267 |
| | SEEK Ltd. | 163,997 | 2,258 |
| | REA Group Ltd. | 27,704 | 2,147 |
| | carsales.com Ltd. | 162,578 | 2,106 |
| | Orica Ltd. | 233,185 | 2,074 |
| | Ampol Ltd. | 113,935 | 1,987 |
| | Aurizon Holdings Ltd. | 857,159 | 1,986 |
| | ALS Ltd. | 258,262 | 1,889 |
| | Lendlease Corp. Ltd. | 334,362 | 1,859 |
| | Qube Holdings Ltd. | 997,504 | 1,737 |
| | Cleanaway Waste Management Ltd. | 1,000,999 | 1,731 |
| | Worley Ltd. | 182,122 | 1,664 |
| | IDP Education Ltd. | 85,744 | 1,618 |
| | Steadfast Group Ltd. | 491,720 | 1,593 |
| | Bendigo & Adelaide Bank Ltd. | 267,877 | 1,546 |
| * | Qantas Airways Ltd. | 399,099 | 1,491 |
| | JB Hi-Fi Ltd. | 54,307 | 1,489 |
| | Bank of Queensland Ltd. | 311,595 | 1,467 |
| | Challenger Ltd. | 321,435 | 1,444 |
| | AGL Energy Ltd. | 316,557 | 1,379 |
| | Technology One Ltd. | 167,785 | 1,291 |
| * | AMP Ltd. | 1,553,146 | 1,253 |
| | Domino's Pizza Enterprises Ltd. | 29,720 | 1,212 |
| | Altium Ltd. | 53,468 | 1,207 |
| | Metcash Ltd. | 459,054 | 1,205 |
| *,1 | Liontown Resources Ltd. | 982,448 | 1,183 |
| * | NEXTDC Ltd. | 217,029 | 1,152 |
| | Iluka Resources Ltd. | 205,868 | 1,141 |
| | Evolution Mining Ltd. | 846,201 | 1,123 |
| | Ansell Ltd. | 60,355 | 1,090 |
| | Alumina Ltd. | 1,213,208 | 1,049 |
| | Reece Ltd. | 102,235 | 1,015 |
| | National Storage REIT | 593,837 | 994 |
| | Pro Medicus Ltd. | 27,234 | 970 |
| * | Star Entertainment Grp Ltd. | 509,494 | 958 |
| | Downer EDI Ltd. | 331,751 | 953 |
| | nib holdings Ltd. | 221,697 | 949 |
| | Shopping Centres Australasia Property Group | 509,720 | 888 |
| | Nine Entertainment Co. Holdings Ltd. | 669,237 | 884 |
| | Orora Ltd. | 455,192 | 883 |
| *,1 | Core Lithium Ltd. | 981,521 | 868 |
| | | Shares | Market
Value•
($000) |
| | Charter Hall Long Wale REIT | 301,271 | 840 |
| | ARB Corp. Ltd. | 44,466 | 826 |
| | Reliance Worldwide Corp. Ltd. | 401,046 | 824 |
| | Beach Energy Ltd. | 804,061 | 822 |
| | Insignia Financial Ltd. | 404,833 | 816 |
| 1 | Breville Group Ltd. | 63,761 | 808 |
| | Harvey Norman Holdings Ltd. | 296,900 | 790 |
| | Bapcor Ltd. | 182,563 | 772 |
| | Seven Group Holdings Ltd. | 65,575 | 769 |
| 2 | Viva Energy Group Ltd. | 420,842 | 764 |
| | Eagers Automotive Ltd. | 96,272 | 763 |
| * | Paladin Energy Ltd. | 1,406,033 | 761 |
| | Perseus Mining Ltd. | 627,347 | 731 |
| | Nufarm Ltd. | 200,238 | 714 |
| | HomeCo Daily Needs REIT | 831,405 | 680 |
| *,1 | Flight Centre Travel Group Ltd. | 62,838 | 669 |
| * | Syrah Resources Ltd. | 437,198 | 668 |
| | Champion Iron Ltd. | 210,550 | 633 |
| | TPG Telecom Ltd. | 201,437 | 632 |
| | Elders Ltd. | 75,733 | 631 |
| | CSR Ltd. | 209,804 | 621 |
| | GrainCorp Ltd. Class A | 115,293 | 620 |
| | Premier Investments Ltd. | 37,922 | 607 |
| | Healius Ltd. | 276,838 | 606 |
| | IPH Ltd. | 95,011 | 604 |
| | Corporate Travel Management Ltd. | 53,925 | 602 |
| | IRESS Ltd. | 91,708 | 595 |
| | AUB Group Ltd. | 44,952 | 595 |
| | Sims Ltd. | 75,978 | 594 |
| | Tabcorp Holdings Ltd. | 956,473 | 591 |
| | Charter Hall Retail REIT | 228,520 | 588 |
| | Webjet Ltd. | 165,898 | 560 |
| | Waypoint REIT Ltd. | 319,243 | 557 |
| | InvoCare Ltd. | 83,470 | 546 |
| | Amcor plc | 46,909 | 543 |
| | HUB24 Ltd. | 32,779 | 531 |
| *,3 | AVZ Minerals Ltd. | 1,173,611 | ��� 527 |
| | Pendal Group Ltd. | 164,721 | 517 |
| | Centuria Industrial REIT | 265,236 | 515 |
| | Lifestyle Communities Ltd. | 45,419 | 510 |
| | BWP Trust | 194,745 | 509 |
| | Deterra Royalties Ltd. | 189,302 | 497 |
| *,1 | Sayona Mining Ltd. | 3,253,869 | 489 |
| | Link Administration Holdings Ltd. | 220,381 | 482 |
| *,1 | Lake Resources NL | 710,462 | 479 |
| | Super Retail Group Ltd. | 70,173 | 461 |
| | Arena REIT | 182,201 | 459 |
| * | De Grey Mining Ltd. | 678,473 | 459 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| 2 | Coronado Global Resources Inc. GDR | 383,982 | 458 |
| | Ingenia Communities Group | 178,560 | 448 |
| | Sandfire Resources Ltd. (XASX) | 198,997 | 443 |
| | Lovisa Holdings Ltd. | 28,117 | 438 |
| | Monadelphous Group Ltd. | 49,373 | 432 |
| | Costa Group Holdings Ltd. (XASX) | 265,677 | 432 |
| | GUD Holdings Ltd. | 83,265 | 428 |
| 1 | New Hope Corp. Ltd. | 115,847 | 421 |
| * | Capricorn Metals Ltd. | 190,001 | 412 |
| *,1 | PolyNovo Ltd. | 321,279 | 409 |
| | Chalice Mining Ltd. | 148,710 | 406 |
| | Rural Funds Group | 248,430 | 405 |
| 1 | Magellan Financial Group Ltd. | 63,679 | 404 |
| 1 | Perpetual Ltd. | 24,597 | 392 |
| | Regis Resources Ltd. | 391,667 | 382 |
| *,1 | Vulcan Energy Resources Ltd. | 78,229 | 380 |
| | Abacus Property Group | 210,172 | 377 |
| * | EVENT Hospitality and Entertainment Ltd. | 39,152 | 374 |
| | Brickworks Ltd. | 26,328 | 373 |
| | Gold Road Resources Ltd. | 430,885 | 372 |
| * | Karoon Energy Ltd. | 268,395 | 365 |
| | Tassal Group Ltd. | 109,562 | 364 |
| * | Telix Pharmaceuticals Ltd. | 81,587 | 362 |
| | Johns Lyng Group Ltd. | 86,567 | 360 |
| | Charter Hall Social Infrastructure REIT | 160,628 | 357 |
| * | West African Resources Ltd. | 534,086 | 354 |
| | Boral Ltd. | 190,362 | 351 |
| | Netwealth Group Ltd. | 44,941 | 349 |
| | Platinum Asset Management Ltd. | 304,070 | 348 |
| * | Imugene Ltd. | 2,944,361 | 328 |
| | Newcrest Mining Ltd. | 29,753 | 328 |
| | Credit Corp. Group Ltd. | 27,193 | 323 |
| * | Silver Lake Resources Ltd. | 456,787 | 323 |
| | Centuria Capital Group | 298,615 | 322 |
| | Genworth Mortgage Insurance Australia Ltd. | 179,466 | 312 |
| | Blackmores Ltd. | 7,151 | 311 |
| | oOh!media Ltd. | 379,477 | 307 |
| * | ioneer Ltd. | 862,118 | 306 |
| * | PEXA Group Ltd. | 30,579 | 302 |
| | McMillan Shakespeare Ltd. | 35,729 | 299 |
| 1 | APM Human Services International Ltd. | 142,484 | 298 |
| | Collins Foods Ltd. | 49,137 | 295 |
| | Growthpoint Properties Australia Ltd. | 137,861 | 293 |
| | Nickel Mines Ltd. | 622,174 | 291 |
| | Adbri Ltd. | 286,010 | 288 |
| | NRW Holdings Ltd. | 174,335 | 284 |
| | GQG Partners Inc. GDR | 308,698 | 283 |
| * | Bellevue Gold Ltd. | 597,654 | 282 |
| | | Shares | Market
Value•
($000) |
| *,1,2 | Life360 Inc. GDR | 62,047 | 273 |
| * | Omni Bridgeway Ltd. | 94,211 | 271 |
| | Data#3 Ltd. | 58,914 | 260 |
| | Hotel Property Investments | 130,574 | 259 |
| | Cromwell Property Group | 567,566 | 255 |
| | Jumbo Interactive Ltd. | 29,317 | 255 |
| | Bega Cheese Ltd. | 122,457 | 252 |
| * | Megaport Ltd. | 64,531 | 250 |
| | MyState Ltd. | 93,253 | 243 |
| | Hansen Technologies Ltd. | 76,538 | 241 |
| * | Nanosonics Ltd. | 89,279 | 234 |
| * | Macquarie Telecom Group Ltd. | 6,342 | 232 |
| * | Australian Agricultural Co. Ltd. | 198,343 | 222 |
| | G8 Education Ltd. | 359,410 | 222 |
| | Myer Holdings Ltd. | 545,572 | 221 |
| | Ventia Services Group Pty Ltd. | 119,267 | 211 |
| | Domain Holdings Australia Ltd. | 98,574 | 210 |
| 1 | Clinuvel Pharmaceuticals Ltd. | 16,708 | 209 |
| * | Eclipx Group Ltd. | 172,186 | 206 |
| | Estia Health Ltd. | 138,781 | 203 |
| | Imdex Ltd. | 153,718 | 201 |
| * | Jervois Global Ltd. | 636,844 | 200 |
| * | SiteMinder Ltd. | 100,793 | 200 |
| * | nearmap Ltd. | 151,120 | 199 |
| * | Audinate Group Ltd. | 38,055 | 198 |
| 1 | Service Stream Ltd. | 403,873 | 190 |
| | Centuria Office REIT | 196,798 | 190 |
| | United Malt Grp Ltd. | 94,310 | 188 |
| * | Judo Capital Holdings Ltd. | 250,833 | 187 |
| * | Mincor Resources NL | 212,973 | 183 |
| * | Cooper Energy Ltd. | 1,339,382 | 180 |
| | Home Consortium Ltd. | 58,853 | 180 |
| 1 | Pinnacle Investment Management Group Ltd. | 34,594 | 180 |
| *,1 | Novonix Ltd. | 104,544 | 179 |
| | Ramelius Resources Ltd. | 372,219 | 175 |
| | Austal Ltd. | 109,789 | 175 |
| | Dexus Industria REIT | 103,290 | 175 |
| | Kelsian Group Ltd. | 57,576 | 172 |
| * | OFX Group Ltd. | 100,137 | 170 |
| * | Calix Ltd. | 64,286 | 167 |
| *,1 | BrainChip Holdings Ltd. | 407,392 | 167 |
| | Southern Cross Media Group Ltd. | 258,872 | 160 |
| * | Temple & Webster Group Ltd. | 44,749 | 159 |
| * | Mesoblast Ltd. | 262,914 | 154 |
| | Select Harvests Ltd. | 43,244 | 147 |
| * | Alkane Resources Ltd. | 333,352 | 146 |
| * | Leo Lithium Ltd. | 370,790 | 146 |
| 1 | 29Metals Ltd. | 122,410 | 145 |
| *,1 | Neometals Ltd. | 204,022 | 144 |
| | Inghams Group Ltd. | 88,279 | 143 |
| | GWA Group Ltd. | 108,684 | 141 |
| * | Superloop Ltd. | 293,545 | 141 |
| * | Seven West Media Ltd. | 466,784 | 140 |
| * | Perenti Global Ltd. | 228,452 | 140 |
| | | Shares | Market
Value•
($000) |
| | Nick Scali Ltd. | 21,686 | 140 |
| * | PointsBet Holdings Ltd. | 105,113 | 137 |
| | Accent Group Ltd. | 144,190 | 136 |
| * | St. Barbara Ltd. | 414,057 | 135 |
| | Dicker Data Ltd. | 19,419 | 134 |
| | Sigma Healthcare Ltd. | 325,671 | 132 |
| | Australian Ethical Investment Ltd. | 42,777 | 127 |
| | Codan Ltd. | 50,891 | 126 |
| 1 | Australian Clinical Labs Ltd. | 57,771 | 125 |
| | Emeco Holdings Ltd. | 242,499 | 122 |
| *,1 | Tyro Payments Ltd. | 124,644 | 122 |
| *,1 | Zip Co. Ltd. | 313,548 | 122 |
| | Praemium Ltd. | 219,272 | 117 |
| * | Aussie Broadband Ltd. | 78,552 | 117 |
| | Infomedia Ltd. | 145,778 | 115 |
| *,1 | Starpharma Holdings Ltd. Class A | 320,543 | 110 |
| | SmartGroup Corp. Ltd. | 34,915 | 110 |
| | GDI Property Group | 211,751 | 107 |
| * | Opthea Ltd. | 168,638 | 105 |
| * | Mayne Pharma Group Ltd. | 564,865 | 98 |
| | Money3 Corp. Ltd. | 78,326 | 98 |
| | Integral Diagnostics Ltd. | 51,802 | 87 |
| | Baby Bunting Group Ltd. | 48,163 | 86 |
| | Australian Finance Group Ltd. | 79,434 | 85 |
| * | Incannex Healthcare Ltd. | 502,813 | 80 |
| | Cedar Woods Properties Ltd. | 29,986 | 76 |
| 1 | Appen Ltd. | 44,204 | 72 |
| * | Mount Gibson Iron Ltd. | 286,220 | 69 |
| *,1,3 | Australian Strategic Materials Ltd. | 51,123 | 66 |
| *,1 | Paradigm Biopharmaceuticals Ltd. | 69,997 | 64 |
| * | Fineos Corp. Ltd. GDR | 64,697 | 62 |
| * | Westgold Resources Ltd. | 130,456 | 61 |
| | Pact Group Holdings Ltd. | 65,730 | 60 |
| | Bravura Solutions Ltd. | 75,685 | 59 |
| *,1 | Kogan.com Ltd. | 27,037 | 57 |
| | Ardent Leisure Group Ltd. | 176,320 | 55 |
| | Macmahon Holdings Ltd. | 608,142 | 54 |
| * | Resolute Mining Ltd. | 410,631 | 53 |
| | Jupiter Mines Ltd. | 422,476 | 53 |
| * | Betmakers Technology Group Ltd. | 296,392 | 52 |
| * | City Chic Collective Ltd. | 56,501 | 47 |
| *,1 | AMA Group Ltd. | 287,025 | 45 |
| * | Bubs Australia Ltd. | 184,146 | 44 |
| * | Carnarvon Energy Ltd. | 469,345 | 43 |
| | SG Fleet Group Ltd. | 31,301 | 40 |
| 1 | Regis Healthcare Ltd. | 27,703 | 36 |
| * | Aurelia Metals Ltd. | 476,904 | ��� 32 |
| *,1 | EML Payments Ltd. | 118,258 | 30 |
| | Humm Group Ltd. | 96,019 | 29 |
| * | Nuix Ltd. | 76,126 | 28 |
| * | Sierra Rutile Holdings Ltd. | 205,868 | 27 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Navigator Global Investments Ltd. | 36,584 | 26 |
| * | Andromeda Metals Ltd. | 1,029,432 | 26 |
| * | Redbubble Ltd. | 74,363 | 24 |
| * | New Century Resources Ltd. | 35,381 | 23 |
| 3 | BWX Ltd. | 56,090 | 23 |
| *,1 | Dubber Corp. Ltd. | 114,926 | 23 |
| *,3 | Firefinch Ltd. | 519,107 | 20 |
| *,1 | Electro Optic Systems Holdings Ltd. | 38,619 | 13 |
| *,3 | Bgp Holdings plc | 197,753 | 1 |
| * | Incannex Healthcare Ltd. Warrants Exp. 4/28/23 | 14,105 | — |
| *,1 | PointsBet Holdings Ltd. Warrants Exp. 7/8/24 | 5,203 | — |
| | | | 652,965 |
| Austria (0.1%) |
| | Erste Group Bank AG | 168,019 | 4,141 |
| | OMV AG | 72,683 | 3,347 |
| | Verbund AG | 34,690 | 2,717 |
| 2 | BAWAG Group AG | 42,726 | 2,063 |
| | ANDRITZ AG | 34,891 | 1,622 |
| | Wienerberger AG | 53,064 | 1,213 |
| | voestalpine AG | 55,372 | 1,202 |
| | Raiffeisen Bank International AG | 64,265 | 894 |
| | CA Immobilien Anlagen AG | 20,563 | 649 |
| | Mayr Melnhof Karton AG | 4,365 | 621 |
| 1 | Oesterreichische Post AG | 15,305 | 435 |
| | Vienna Insurance Group AG Wiener Versicherung Gruppe | 18,064 | 404 |
| | AT&S Austria Technologie & Systemtechnik AG | 12,184 | 376 |
| | Telekom Austria AG Class A | 63,074 | 367 |
| 1 | Lenzing AG | 6,402 | 306 |
| | EVN AG | 17,858 | 297 |
| | S IMMO AG (XWBO) | 13,204 | 297 |
| | Schoeller-Bleckmann Oilfield Equipment AG | 5,345 | 294 |
| | Strabag SE (Bearer) | 7,566 | 291 |
| | UNIQA Insurance Group AG | 42,174 | 273 |
| * | DO & CO AG | 2,752 | 216 |
| * | IMMOFINANZ AG | 15,378 | 181 |
| * | Flughafen Wien AG | 3,428 | 112 |
| | Porr AG | 10,423 | 108 |
| | Palfinger AG | 2,713 | 63 |
| | Agrana Beteiligungs AG | 3,459 | 47 |
| *,3 | S IMMO AG Rights Exp. 8/11/23 | 13,203 | — |
| | | | 22,536 |
| Belgium (0.3%) |
| | Anheuser-Busch InBev SA | 439,246 | 21,971 |
| * | Argenx SE | 27,885 | 10,826 |
| | KBC Group NV | 143,085 | 7,171 |
| | UCB SA | 61,272 | 4,618 |
| | Umicore SA | 106,107 | 3,498 |
| | Ageas SA | 100,870 | 3,492 |
| | Groupe Bruxelles Lambert SA | 47,256 | 3,484 |
| | | Shares | Market
Value•
($000) |
| | Solvay SA | 33,866 | 3,056 |
| | Elia Group SA | 19,565 | 2,474 |
| | D'ieteren Group | 11,288 | 1,879 |
| | Warehouses De Pauw CVA | 69,538 | 1,785 |
| | Ackermans & van Haaren NV | 10,807 | 1,506 |
| | Sofina SA | 7,435 | 1,450 |
| | Aedifica SA | 18,858 | 1,438 |
| | Cofinimmo SA | 16,949 | 1,406 |
| | Lotus Bakeries NV | 194 | 1,079 |
| | Euronav NV | 59,634 | 1,040 |
| | Melexis NV | 10,729 | 738 |
| | Barco NV | 31,493 | 680 |
| | Proximus SADP | 64,406 | 675 |
| | Shurgard Self Storage SA | 13,998 | 609 |
| | KBC Ancora | 16,447 | 585 |
| | Etablissements Franz Colruyt NV | 24,063 | 580 |
| | Bekaert SA | 15,212 | 424 |
| | Montea NV | 5,915 | 403 |
| * | Dredging Environmental & Marine Engineering NV | 3,612 | 402 |
| | Gimv NV | 8,579 | 366 |
| * | Tessenderlo Group SA | 11,558 | 350 |
| | Retail Estates NV | 5,739 | 338 |
| | Telenet Group Holding NV | 21,260 | 324 |
| * | Kinepolis Group NV | 8,060 | 304 |
| | Fagron | 24,337 | 303 |
| | VGP NV | 3,949 | 299 |
| | Xior Student Housing NV | 9,561 | 268 |
| * | Ontex Group NV | 41,395 | 244 |
| * | AGFA-Gevaert NV | 66,622 | 201 |
| | bpost SA | 38,427 | 190 |
| * | Orange Belgium SA | 9,315 | 158 |
| | Econocom Group SA NV | 56,008 | 152 |
| | Wereldhave Belgium Comm VA | 1,657 | 80 |
| *,1 | Mithra Pharmaceuticals SA | 11,731 | 76 |
| | Van de Velde NV | 1,942 | 61 |
| * | Cie d'Entreprises CFE | 1,667 | 18 |
| | | | 81,001 |
| Brazil (0.7%) |
| | Vale SA | 1,675,535 | 21,775 |
| | Petroleo Brasileiro SA Preference Shares | 2,244,492 | 12,953 |
| | Petroleo Brasileiro SA | 1,778,954 | 11,454 |
| | Itau Unibanco Holding SA Preference Shares | 1,825,683 | 10,745 |
| | B3 SA - Brasil Bolsa Balcao | 3,083,764 | 8,979 |
| | Banco Bradesco SA Preference Shares | 1,668,054 | 6,413 |
| | Centrais Eletricas Brasileiras SA | 610,688 | 5,890 |
| | Weg SA | 752,678 | 5,869 |
| | Localiza Rent a Car SA (BVMF) | 396,757 | 5,418 |
| | Ambev SA | 1,653,970 | 5,123 |
| | Itausa SA Preference Shares | 2,399,559 | 4,989 |
| | Itau Unibanco Holding SA ADR | 709,119 | 4,127 |
| * | Vale SA Class B ADR | 299,901 | 3,881 |
| | Suzano SA | 367,315 | 3,783 |
| | | Shares | Market
Value•
($000) |
| | Banco Bradesco SA ADR | 979,393 | 3,712 |
| | JBS SA | 687,798 | 3,324 |
| | Banco BTG Pactual SA (BVMF) | 593,224 | 3,324 |
| | Banco Do Brasil SA | 440,120 | 3,154 |
| 2 | Hapvida Participacoes e Investimentos SA | 1,991,812 | 3,008 |
| | Lojas Renner SA | 480,794 | 2,876 |
| | Raia Drogasil SA | 549,900 | 2,801 |
| | Equatorial Energia SA | 471,699 | 2,742 |
| | Rumo SA | 620,716 | 2,660 |
| | Petroleo Brasileiro SA ADR | 207,142 | 2,384 |
| | Banco Bradesco SA | 690,936 | 2,226 |
| * | Petro Rio SA | 317,375 | 2,174 |
| | BB Seguridade Participacoes SA | 351,339 | 2,019 |
| | Cia de Saneamento Basico do Estado de Sao Paulo | 168,900 | 1,965 |
| | Hypera SA | 195,312 | 1,921 |
| | Vibra Energia SA | 542,548 | 1,917 |
| | Telefonica Brasil SA | 209,564 | 1,676 |
| | Cosan SA | 512,852 | 1,674 |
| * | Eneva SA | 606,602 | 1,665 |
| 2 | Rede D'Or Sao Luiz SA | 266,550 | 1,660 |
| | Gerdau SA Preference Shares | 329,700 | 1,644 |
| | Petroleo Brasileiro SA ADR (XNYS) | 126,793 | 1,626 |
| | Ambev SA ADR | 532,359 | 1,618 |
| | Klabin SA | 386,300 | 1,617 |
| | Totvs SA | 250,784 | 1,610 |
| | Centrais Eletricas Brasileiras SA Preference Shares | 148,549 | 1,533 |
| | Cia Energetica de Minas Gerais Preference Shares | 692,124 | 1,523 |
| | Sendas Distribuidora SA | 393,205 | 1,509 |
| | Natura & Co. Holding SA | 487,063 | 1,410 |
| | Itau Unibanco Holding SA | 276,379 | 1,360 |
| | CCR SA | 539,544 | 1,354 |
| | Energisa SA | 131,415 | 1,234 |
| | Magazine Luiza SA | 1,421,933 | 1,230 |
| | Cia Paranaense de Energia Preference Shares | 803,700 | 1,151 |
| | Ultrapar Participacoes SA | 423,496 | 1,099 |
| | Banco Santander Brasil SA | 176,900 | 1,020 |
| | Americanas SA | 331,951 | 999 |
| | Atacadao SA | 256,671 | 967 |
| * | Embraer SA | 360,500 | 960 |
| * | BRF SA | 386,086 | 939 |
| | Gerdau SA ADR | 184,172 | 917 |
| | Sul America SA | 195,090 | 900 |
| | BR Malls Participacoes SA | 399,518 | 785 |
| | Engie Brasil Energia SA | 100,692 | 784 |
| | Transmissora Alianca de Energia Eletrica SA | 96,527 | 751 |
| | Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 157,549 | 747 |
| | TIM SA | 288,300 | 737 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Cielo SA | 630,700 | 727 |
| * | 3R PETROLEUM OLEO E GAS SA | 77,852 | 701 |
| | Metalurgica Gerdau SA Preference Shares | 319,700 | 696 |
| | Cia Energetica de Minas Gerais | 203,251 | 680 |
| | Multiplan Empreendimentos Imobiliarios SA | 125,121 | 639 |
| | Bradespar SA Preference Shares | 136,359 | 634 |
| | Braskem SA Preference Shares | 96,180 | 628 |
| | Kinea Indice de Precos FII | 33,897 | 625 |
| | Alpargatas SA Preference Shares | 146,361 | 622 |
| * | Cogna Educacao | 974,473 | 621 |
| | CPFL Energia SA | 87,900 | 603 |
| | Tres Tentos Agroindustrial SA | 238,500 | 585 |
| 2 | GPS Participacoes e Empreendimentos SA | 218,800 | 585 |
| | EDP - Energias do Brasil SA | 127,367 | 569 |
| | Arezzo Industria e Comercio SA | 28,100 | 568 |
| | M Dias Branco SA | 67,300 | 567 |
| | Porto Seguro SA | 124,044 | 558 |
| | Santos Brasil Participacoes SA | 312,523 | 551 |
| | Auren Energia SA | 190,520 | 550 |
| | GRUPO DE MODA SOMA SA | 191,618 | 540 |
| | CSHG Logistica FI Imobiliario | 16,652 | 533 |
| | Cia Siderurgica Nacional SA | 222,400 | 529 |
| | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 144,698 | 521 |
| | Unipar Carbocloro SA Preference Shares | 24,827 | 513 |
| | Raizen SA Preference Shares | 614,403 | 510 |
| | Kinea Rendimentos Imobiliarios FII | 25,467 | 501 |
| | Petroreconcavo SA | 78,100 | 474 |
| | FII Iridium | 23,717 | 458 |
| | SLC Agricola SA | 49,080 | 437 |
| | Fleury SA | 117,600 | 423 |
| | Cia Paranaense de Energia | 303,954 | 413 |
| *,2 | Locaweb Servicos de Internet SA | 194,937 | 412 |
| * | Via SA | 671,589 | 407 |
| | YDUQS Part | 128,600 | 402 |
| | Sao Martinho SA | 76,800 | 401 |
| | Banco Pan SA Preference Shares | 258,800 | 387 |
| * | Azul SA Preference Shares | 121,536 | 380 |
| | AES Brasil Energia SA | 191,797 | 368 |
| | Marfrig Global Foods SA | 176,391 | 365 |
| | JHSF Participacoes SA | 253,747 | 361 |
| | Minerva SA | 135,360 | 359 |
| | Neoenergia SA | 109,642 | 352 |
| | XP Log FII | 16,698 | 350 |
| | Cia Siderurgica Nacional SA ADR | 143,994 | 347 |
| | | Shares | Market
Value•
($000) |
| | Caixa Seguridade Participacoes SA | 201,300 | 344 |
| | Alupar Investimento SA | 61,658 | 337 |
| | SIMPAR SA | 157,472 | 330 |
| | Usinas Siderurgicas De Minas Gerais SAUsiminas Preference Shares | 232,871 | 326 |
| * | Omega Energia SA | 156,868 | 326 |
| | Kinea Renda Imobiliaria FII | 10,840 | 310 |
| | Cia de Saneamento de Minas Gerais-COPASA | 99,867 | 297 |
| | Dexco SA | 157,273 | 295 |
| | Cia Brasileira de Distribuicao | 63,121 | 269 |
| | Cia de Saneamento do Parana | 71,580 | 265 |
| | Banco do Estado do Rio Grande do Sul SA Class B Preference Shares | 115,998 | 262 |
| | Pet Center Comercio E Participacoes SA | 150,800 | 256 |
| | Grendene SA | 177,800 | 250 |
| | TIM SA ADR | 19,532 | 249 |
| * | Infracommerce CXAAS SA | 221,540 | 248 |
| | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 78,831 | 246 |
| * | Log-in Logistica Intermodal SA | 32,900 | 238 |
| | MRV Engenharia e Participacoes SA | 116,700 | 230 |
| * | Grupo Mateus SA | 156,400 | 221 |
| | FII Hectare Ce | 10,844 | 214 |
| | Aliansce Sonae Shopping Centers SA | 50,598 | 213 |
| | Camil Alimentos SA | 106,200 | 210 |
| | Diagnosticos da America SA | 54,178 | 210 |
| | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 28,700 | 203 |
| | Odontoprev SA | 126,043 | 202 |
| | Cosan SA ADR | 15,225 | 197 |
| | Wilson Sons Holdings Brasil SA | 88,400 | 194 |
| | Grupo SBF SA | 51,109 | 187 |
| * | Gol Linhas Aereas Inteligentes SA Preference Shares | 98,773 | 184 |
| | BrasilAgro - Co. Brasileira de Propriedades Agricolas | 30,800 | 179 |
| | Cia Ferro Ligas da Bahia - FERBASA Preference Shares | 17,400 | 177 |
| * | Anima Holding SA | 132,984 | 176 |
| | Vivara Participacoes SA | 33,200 | 172 |
| | Light SA | 151,500 | 167 |
| * | CVC Brasil Operadora e Agencia de Viagens SA | 110,417 | 153 |
| | CSN Mineracao SA | 227,200 | 145 |
| | Vulcabras Azaleia SA | 53,500 | 144 |
| | Movida Participacoes SA | 52,800 | 139 |
| | | Shares | Market
Value•
($000) |
| | Randon SAImplementos E Participacoes Preference Shares | 71,064 | 137 |
| | Ez Tec Empreendimentos e Participacoes SA | 33,961 | 137 |
| | Qualicorp Consultoria e Corretora de Seguros SA | 89,700 | 137 |
| | Tupy SA | 23,300 | 133 |
| | Cia Brasileira de Aluminio | 62,024 | 133 |
| | LOG Commercial Properties e Participacoes SA | 29,615 | 131 |
| | Marcopolo SA Preference Shares | 231,609 | 129 |
| * | Zamp SA | 86,844 | 129 |
| | CM Hospitalar SA | 33,900 | 125 |
| | Ambipar Participacoes e Empreendimentos SA | 20,500 | 124 |
| * | Smartfit Escola de Ginastica e Danca SA | 36,200 | 121 |
| | Boa Vista Servicos SA | 96,800 | 118 |
| | Blau Farmaceutica SA | 17,500 | 115 |
| | BR Properties SA | 89,835 | 108 |
| * | Hidrovias do Brasil SA | 195,900 | 107 |
| | Cia de Saneamento do Parana Preference Shares | 139,400 | 104 |
| | Iochpe Maxion SA | 37,596 | 104 |
| | Usinas Siderurgicas de Minas Gerais SA Usiminas | 70,700 | 101 |
| | IRB Brasil Resseguros SA | 541,481 | 99 |
| | Direcional Engenharia SA | 28,542 | 95 |
| * | Empreendimentos Pague Menos S/A | 72,600 | 87 |
| * | EcoRodovias Infraestrutura e Logistica SA | 81,353 | 86 |
| | Taurus Armas SA Preference Shares | 29,900 | 86 |
| | Lojas Quero Quero SA | 66,900 | 78 |
| | Armac Locacao Logistica E Servicos SA | 24,800 | 77 |
| | Multilaser Industrial SA | 68,700 | 69 |
| | Enauta Participacoes SA | 23,045 | 68 |
| | Iguatemi SA (BVMF) | 15,838 | 67 |
| | Hospital Mater Dei SA | 35,300 | 63 |
| | Fras-Le SA | 23,394 | 63 |
| | Mahle-Metal Leve SA | 12,100 | 61 |
| | Instituto Hermes Pardini SA | 12,400 | 56 |
| | Guararapes Confeccoes SA | 29,000 | 55 |
| * | Oncoclinicas do Brasil Servicos Medicos SA | 35,600 | 54 |
| *,2 | Meliuz SA | 226,848 | 53 |
| | Even Construtora e Incorporadora SA | 35,991 | 46 |
| | Wiz Solucoes e Corretagem de Seguros SA | 25,310 | 38 |
| * | Sequoia Logistica E Transportes SA | 38,000 | 34 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA | 71,900 | 26 |
| * | Localiza Rent a Car SA | 1,156 | 16 |
| | Bradespar SA | 2,700 | 12 |
| * | Fleury SA Rights Exp. 11/21/22 | 26,150 | 7 |
| * | Iguatemi SA Pref Preference | 1,303 | 2 |
| | Iguatemi SA | 1,700 | 1 |
| * | Omega Energia SA Rights Exp. 11/7/22 | 20,821 | — |
| | | | 227,114 |
| Canada (3.1%) |
| | Royal Bank of Canada | 703,388 | 65,080 |
| | Toronto-Dominion Bank | 912,958 | 58,429 |
| | Enbridge Inc. | 1,018,640 | 39,688 |
| | Canadian National Railway Co. | 309,890 | 36,713 |
| | Canadian Natural Resources Ltd. | 559,961 | 33,585 |
| 1 | Bank of Montreal | 339,880 | 31,307 |
| | Bank of Nova Scotia | 605,655 | 29,275 |
| | Brookfield Asset Management Inc. Class A | 676,302 | 26,782 |
| | Canadian Pacific Railway Ltd. (XTSE) | 354,724 | 26,444 |
| | Suncor Energy Inc. | 697,430 | 23,989 |
| | Nutrien Ltd. | 273,984 | 23,150 |
| | TC Energy Corp. | 511,886 | 22,484 |
| | Canadian Imperial Bank of Commerce | 435,824 | 19,793 |
| | Alimentation Couche-Tard Inc. | 397,920 | 17,817 |
| | Waste Connections Inc. | 129,943 | 17,151 |
| | Manulife Financial Corp. | 965,810 | 16,008 |
| | Constellation Software Inc. | 9,643 | 13,943 |
| | Intact Financial Corp. | 89,940 | 13,666 |
| | Barrick Gold Corp. (XLON) | 905,091 | 13,613 |
| | Sun Life Financial Inc. | 314,243 | 13,346 |
| | Cenovus Energy Inc. | 632,095 | 12,778 |
| | Franco-Nevada Corp. | 97,777 | 12,081 |
| | National Bank of Canada | 170,343 | 11,598 |
| | Agnico Eagle Mines Ltd. | 232,572 | 10,231 |
| * | Shopify Inc. Class A (XTSE) | 289,060 | 9,895 |
| * | Shopify Inc. Class A | 283,268 | 9,712 |
| | Fortis Inc. (XTSE) | 244,176 | 9,526 |
| | Pembina Pipeline Corp. | 282,510 | 9,327 |
| | Restaurant Brands International Inc. (XTSE) | 154,400 | 9,174 |
| | Thomson Reuters Corp. | 82,849 | 8,811 |
| * | CGI Inc. | 107,846 | 8,687 |
| | Canadian Pacific Railway Ltd. | 114,262 | 8,511 |
| | Dollarama Inc. | 141,983 | 8,437 |
| | Tourmaline Oil Corp. | 145,130 | 8,177 |
| | Magna International Inc. | 139,822 | 7,792 |
| | WSP Global Inc. | 60,996 | 7,497 |
| | | Shares | Market
Value•
($000) |
| | Wheaton Precious Metals Corp. | 228,437 | 7,473 |
| | Teck Resources Ltd. Class B | 236,498 | 7,199 |
| | BCE Inc. | 155,965 | 7,035 |
| | Power Corp. of Canada | 275,984 | 6,853 |
| | Metro Inc. | 125,391 | 6,569 |
| | Loblaw Cos. Ltd. | 77,728 | 6,368 |
| | Imperial Oil Ltd. | 108,978 | 5,928 |
| | Shaw Communications Inc. Class B | 214,866 | 5,519 |
| | Fairfax Financial Holdings Ltd. | 11,106 | 5,454 |
| | Cameco Corp. (XTSE) | 211,575 | 5,018 |
| | First Quantum Minerals Ltd. | 278,939 | 4,920 |
| | TELUS Corp. | 227,901 | 4,759 |
| 1 | Emera Inc. | 127,636 | 4,730 |
| | ARC Resources Ltd. | 327,506 | 4,611 |
| | Open Text Corp. | 139,083 | 4,029 |
| 2 | Hydro One Ltd. | 157,986 | 3,961 |
| | Algonquin Power & Utilities Corp. | 355,005 | 3,930 |
| | TFI International Inc. | 42,530 | 3,871 |
| | George Weston Ltd. | 34,030 | 3,746 |
| | Northland Power Inc. | 125,569 | 3,654 |
| | Ritchie Bros Auctioneers Inc. | 55,619 | 3,634 |
| 1 | Canadian Tire Corp. Ltd. Class A | 30,346 | 3,401 |
| | CCL Industries Inc. Class B | 72,175 | 3,391 |
| | West Fraser Timber Co. Ltd. | 43,323 | 3,253 |
| | Toromont Industries Ltd. | 41,673 | 3,203 |
| | Great-West Lifeco Inc. | 136,934 | 3,170 |
| | Gildan Activewear Inc. | 93,935 | 2,964 |
| | RioCan REIT | 204,071 | 2,908 |
| * | Descartes Systems Group Inc. | 41,876 | 2,889 |
| | iA Financial Corp. Inc. | 51,541 | 2,868 |
| | Saputo Inc. | 117,023 | 2,848 |
| * | CAE Inc. | 142,975 | 2,729 |
| | Stantec Inc. | 54,414 | 2,663 |
| | Canadian Apartment Properties REIT | 83,312 | 2,580 |
| | Element Fleet Management Corp. | 191,967 | 2,558 |
| | TMX Group Ltd. | 26,610 | 2,558 |
| | AltaGas Ltd. | 136,994 | 2,471 |
| | FirstService Corp. | 19,609 | 2,451 |
| | Kinross Gold Corp. | 675,312 | 2,449 |
| | PrairieSky Royalty Ltd. | 147,674 | 2,294 |
| 1 | Keyera Corp. | 104,769 | 2,246 |
| | Allied Properties REIT | 115,236 | 2,232 |
| * | MEG Energy Corp. | 146,120 | 2,185 |
| | Enerplus Corp. | 123,792 | 2,146 |
| | Yamana Gold Inc. | 463,521 | 2,035 |
| | Brookfield Infrastructure Corp. Class A | 47,070 | 2,031 |
| * | Ivanhoe Mines Ltd. Class A | 286,610 | 1,988 |
| | Crescent Point Energy Corp. | 252,502 | 1,974 |
| | Quebecor Inc. Class B | 97,570 | 1,839 |
| | Vermilion Energy Inc. | 78,734 | 1,837 |
| | Capital Power Corp. | 54,154 | 1,813 |
| | SmartCentres REIT | 91,781 | 1,799 |
| | Onex Corp. | 35,099 | 1,767 |
| | Lundin Mining Corp. | 321,109 | 1,683 |
| | | Shares | Market
Value•
($000) |
| | GFL Environmental Inc. | 62,113 | 1,676 |
| | Finning International Inc. | 76,088 | 1,618 |
| | Pan American Silver Corp. | 99,631 | 1,591 |
| * | Aritzia Inc. | 40,776 | 1,582 |
| | Alamos Gold Inc. Class A | 194,924 | 1,538 |
| * | Baytex Energy Corp. | 280,554 | 1,524 |
| | B2Gold Corp. | 497,438 | 1,519 |
| 1 | Canadian Utilities Ltd. Class A | 56,653 | 1,507 |
| | Parkland Corp. | 74,006 | 1,496 |
| | Granite REIT | 29,053 | 1,485 |
| | SNC-Lavalin Group Inc. | 82,948 | 1,436 |
| | Boyd Group Services Inc. | 10,062 | 1,432 |
| * | Turquoise Hill Resources Ltd. | 50,736 | 1,429 |
| * | Kinaxis Inc. | 13,275 | 1,417 |
| | SSR Mining Inc. | 100,873 | 1,389 |
| | Colliers International Group Inc. | 14,568 | 1,367 |
| *,1 | Lithium Americas Corp. | 51,144 | 1,273 |
| * | Bombardier Inc. Class B | 42,865 | 1,259 |
| * | Air Canada Class A | 85,105 | 1,225 |
| | BRP Inc. | 18,199 | 1,217 |
| * | Lightspeed Commerce Inc. (XTSE) | 63,425 | 1,216 |
| | First Capital REIT | 104,459 | 1,215 |
| | Choice Properties REIT | 122,453 | 1,177 |
| * | BlackBerry Ltd. | 251,672 | 1,169 |
| | Gibson Energy Inc. | 67,037 | 1,144 |
| | Primo Water Corp. | 76,706 | 1,118 |
| | Whitecap Resources Inc. | 142,946 | 1,108 |
| | Brookfield Renewable Corp. Class A | 35,688 | 1,107 |
| * | ATS Automation Tooling Systems Inc. | 34,595 | 1,094 |
| | Boralex Inc. Class A | 38,408 | 1,089 |
| | Summit Industrial Income REIT | 85,000 | 1,086 |
| | Atco Ltd. Class I | 34,794 | 1,080 |
| | H&R REIT | 129,117 | 1,062 |
| | Definity Financial Corp. | 35,236 | 1,044 |
| | IGM Financial Inc. | 38,930 | 1,042 |
| | Premium Brands Holdings Corp. Class A | 17,474 | 1,031 |
| | Methanex Corp. | 28,925 | 1,010 |
| * | Bausch Health Cos. Inc. | 152,660 | 993 |
| *,2 | Nuvei Corp. | 32,195 | 969 |
| | Dream Industrial REIT | 117,846 | 947 |
| | Tricon Capital Group Inc. | 111,147 | 937 |
| | TransAlta Corp. | 104,337 | 919 |
| | Linamar Corp. | 21,344 | 914 |
| | Osisko Gold Royalties Ltd. (XTSE) | 84,821 | 910 |
| | Parex Resources Inc. | 58,372 | 890 |
| | First Majestic Silver Corp. | 103,101 | 867 |
| | Stella-Jones Inc. | 27,699 | 834 |
| | CI Financial Corp. | 82,776 | 829 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Innergex Renewable Energy Inc. | 74,692 | 822 |
| | Brookfield Renewable Corp. Class A (XTSE) | 24,873 | 773 |
| 1 | Cargojet Inc. | 7,839 | 764 |
| | Canadian Western Bank | 42,771 | 744 |
| 1 | NorthWest Healthcare Properties REIT | 94,132 | 742 |
| * | Ballard Power Systems Inc. | 130,153 | 738 |
| | Paramount Resources Ltd. Class A | 33,979 | 720 |
| 1 | Stelco Holdings Inc. | 28,354 | 714 |
| *,1 | Canopy Growth Corp. | 186,633 | 697 |
| | GFL Environmental Inc. (XTSE) | 25,300 | 683 |
| | Chartwell Retirement Residences | 117,163 | 679 |
| 1 | Boardwalk REIT | 18,075 | 643 |
| | Russel Metals Inc. | 30,749 | 637 |
| * | Celestica Inc. | 54,924 | 603 |
| | North West Co. Inc. | 21,943 | 571 |
| * | Novagold Resources Inc. | 118,954 | 549 |
| | Superior Plus Corp. | 71,857 | 546 |
| * | Eldorado Gold Corp. | 96,121 | 537 |
| | TransAlta Renewables Inc. | 49,163 | 528 |
| | Maple Leaf Foods Inc. | 34,402 | 510 |
| * | OceanaGold Corp. | 345,291 | 502 |
| | Mullen Group Ltd. | 46,582 | 468 |
| | Laurentian Bank of Canada | 20,915 | 467 |
| | Primaris REIT | 44,223 | 455 |
| * | Canfor Corp. | 29,993 | 451 |
| | Centerra Gold Inc. | 95,574 | 444 |
| * | Equinox Gold Corp. | 126,611 | 417 |
| | Winpak Ltd. | 13,570 | 414 |
| | Enghouse Systems Ltd. | 18,594 | 413 |
| | Transcontinental Inc. Class A | 36,166 | 413 |
| | Hudbay Minerals Inc. | 107,354 | 407 |
| | Home Capital Group Inc. Class B | 20,552 | 397 |
| * | Canada Goose Holdings Inc. | 23,332 | 382 |
| * | IAMGOLD Corp. | 253,640 | 372 |
| | Westshore Terminals Investment Corp. | 18,163 | 325 |
| | Artis REIT | 43,300 | 304 |
| | ECN Capital Corp. | 98,373 | 297 |
| | Cascades Inc. | 44,345 | 288 |
| 1 | NFI Group Inc. | 37,190 | 240 |
| *,1 | Cronos Group Inc. | 70,696 | 236 |
| * | Torex Gold Resources Inc. | 33,404 | 228 |
| 1 | Dye & Durham Ltd. | 20,304 | 225 |
| | Aecon Group Inc. | 30,083 | 213 |
| | Cogeco Communications Inc. | 3,793 | 193 |
| 1 | First National Financial Corp. | 7,029 | 176 |
| | Dream Office REIT | 15,117 | 171 |
| | Cameco Corp. | 5,766 | 137 |
| | Osisko Gold Royalties Ltd. | 7,855 | 84 |
| *,1 | Bombardier Inc. Class A | 299 | 9 |
| | | Shares | Market
Value•
($000) |
| | Brookfield Infrastructure Corp. Class A (XTSE) | 9 | — |
| | | | 965,090 |
| Chile (0.1%) |
| | Sociedad Quimica y Minera de Chile SA Class B Preference Shares | 58,567 | 5,561 |
| | Banco De Chile | 21,270,948 | 1,948 |
| | Empresas COPEC SA | 240,721 | 1,660 |
| | Sociedad Quimica y Minera de Chile SA ADR | 13,809 | 1,294 |
| | Cencosud SA | 769,884 | 1,035 |
| | Empresas CMPC SA | 601,149 | 954 |
| | Enel Americas SA | 9,021,780 | 894 |
| | Banco Santander Chile SA | 22,286,422 | 799 |
| | Banco de Credito e Inversiones SA | 27,736 | 773 |
| | Falabella SA | 380,758 | 744 |
| | Cia Sud Americana de Vapores SA | 8,749,203 | 608 |
| | Quimica Y Minera Chile A | 7,289 | 594 |
| | Enel Chile SA | 12,468,240 | 439 |
| | Aguas Andinas SA Class A | 1,718,996 | 363 |
| | Quinenco SA | 121,542 | 323 |
| | Colbun SA | 3,109,604 | 305 |
| | Cia Cervecerias Unidas SA | 55,525 | 305 |
| | Parque Arauco SA | 360,481 | 305 |
| | Cencosud Shopping SA | 263,796 | 288 |
| | Banco Santander Chile ADR | 18,759 | ��� 271 |
| | Itau CorpBanca Chile SA | 136,108,445 | 265 |
| | Embotelladora Andina SA Preference Shares | 149,068 | 260 |
| | CAP SA | 38,966 | 208 |
| | Inversiones Aguas Metropolitanas SA | 349,036 | 166 |
| | Empresa Nacional de Telecomunicaciones SA | 52,751 | 165 |
| | Vina Concha y Toro SA | 117,757 | 133 |
| | SMU SA | 1,180,463 | 120 |
| | Plaza SA | 137,445 | 118 |
| | SONDA SA | 316,876 | 112 |
| | Enel Chile SA ADR | 65,984 | 111 |
| * | Engie Energia Chile SA | 169,857 | 100 |
| | Ripley Corp. SA | 580,437 | 95 |
| | Inversiones La Construccion SA | 17,724 | 55 |
| | | | 21,371 |
| China (2.7%) |
| | Tencent Holdings Ltd. | 3,038,602 | 79,845 |
| * | Alibaba Group Holding Ltd. | 7,609,620 | 59,164 |
| *,2 | Meituan Class B | 2,084,857 | 33,380 |
| | China Construction Bank Corp. Class H | 47,479,026 | 25,197 |
| | JD.com Inc. Class A | 1,204,312 | 21,931 |
| | Industrial & Commercial Bank of China Ltd. Class H | 38,378,245 | 16,663 |
| | Bank of China Ltd. Class H | 37,309,410 | 12,017 |
| * | Baidu Inc. Class A | 1,135,604 | 10,887 |
| | | Shares | Market
Value•
($000) |
| | NetEase Inc. | 947,355 | 10,511 |
| | Ping An Insurance Group Co. of China Ltd. Class H | 2,607,966 | 10,441 |
| * | Pinduoduo Inc. ADR | 187,108 | 10,259 |
| | Yum China Holdings Inc. | 212,666 | 8,608 |
| *,2 | Xiaomi Corp. Class B | 7,430,800 | 8,345 |
| | BYD Co. Ltd. Class H | 369,960 | 8,288 |
| *,2 | Wuxi Biologics Cayman Inc. | 1,828,240 | 8,226 |
| | Kweichow Moutai Co. Ltd. Class A | 44,195 | 8,192 |
| * | NIO Inc. ADR | 667,586 | 6,456 |
| * | Trip.com Group Ltd. ADR | 274,934 | 6,222 |
| | China Merchants Bank Co. Ltd. Class H | 1,879,898 | 6,155 |
| | Li Ning Co. Ltd. | 1,169,250 | 6,048 |
| | China Mengniu Dairy Co. Ltd. | 1,605,236 | 5,139 |
| | ANTA Sports Products Ltd. | 582,000 | 5,117 |
| | Agricultural Bank of China Ltd. Class H | 16,285,500 | 4,648 |
| | CSPC Pharmaceutical Group Ltd. | 4,518,000 | 4,641 |
| | Contemporary Amperex Technology Co. Ltd. Class A | 89,640 | 4,600 |
| 2 | Nongfu Spring Co. Ltd. Class H | 911,600 | 4,579 |
| | China Petroleum and Chemical Corp. (Sinopec) Class H | 11,345,337 | 4,496 |
| | China Resources Land Ltd. | 1,423,909 | 4,455 |
| | China Shenhua Energy Co. Ltd. Class H | 1,647,000 | 4,326 |
| | China Life Insurance Co. Ltd. Class H | 3,795,271 | 4,139 |
| | PetroChina Co. Ltd. Class H | 10,808,000 | 4,134 |
| * | BeiGene Ltd. | 316,100 | 4,076 |
| *,2 | Kuaishou Technology | 984,800 | 4,067 |
| | ENN Energy Holdings Ltd. | 397,818 | 3,955 |
| 1 | ZTO Express Cayman Inc. | 231,296 | 3,935 |
| | China Resources Beer Holdings Co. Ltd. | 818,681 | 3,863 |
| | China Overseas Land & Investment Ltd. | 1,983,980 | 3,791 |
| | Haier Smart Home Co. Ltd. Class H | 1,436,800 | 3,596 |
| | Ping An Insurance Group Co. of China Ltd. Class A | 722,258 | 3,586 |
| * | Li Auto Inc. ADR | 261,482 | 3,561 |
| | BYD Co. Ltd. Class A | 97,933 | 3,316 |
| * | KE Holdings Inc. ADR | 323,941 | 3,298 |
| | PICC Property & Casualty Co. Ltd. Class H | 3,332,330 | 3,073 |
| | Geely Automobile Holdings Ltd. | 2,835,200 | 3,051 |
| | H World Group Ltd. AD | 112,520 | 3,047 |
| | Sunny Optical Technology Group Co. Ltd. | 339,700 | 2,944 |
| | Shenzhou International Group Holdings Ltd. | 405,866 | 2,818 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | China Merchants Bank Co. Ltd. Class A | 759,849 | 2,803 |
| | Sino Biopharmaceutical Ltd. | 5,437,250 | 2,638 |
| | Industrial & Commercial Bank of China Ltd. Class A | 4,521,685 | 2,574 |
| 2 | Postal Savings Bank of China Co. Ltd. Class H | 5,543,000 | 2,571 |
| *,2 | Innovent Biologics Inc. | 719,941 | 2,549 |
| | COSCO SHIPPING Holdings Co. Ltd. Class H | 2,310,049 | 2,489 |
| | Zijin Mining Group Co. Ltd. Class H | 2,573,301 | 2,455 |
| | Wuliangye Yibin Co. Ltd. Class A | 133,400 | 2,445 |
| | Xinyi Solar Holdings Ltd. | 2,260,200 | 2,244 |
| * | Kingdee International Software Group Co. Ltd. | 1,361,000 | 2,230 |
| | Citic Pacific Ltd. | 2,404,000 | 2,151 |
| | China Yangtze Power Co. Ltd. Class A | 763,494 | 2,125 |
| | Tsingtao Brewery Co. Ltd. Class H | 297,667 | 2,084 |
| 2 | China Tower Corp. Ltd. Class H | 22,806,576 | 2,063 |
| 2 | WuXi AppTec Co. Ltd. Class H | 255,156 | 2,048 |
| | China Longyuan Power Group Corp. Ltd. Class H | 1,770,000 | 2,023 |
| | CITIC Securities Co. Ltd. Class H | 1,352,634 | 2,021 |
| *,2 | JD Health International Inc. | 350,411 | 1,922 |
| | China Pacific Insurance Group Co. Ltd. Class H | 1,164,000 | 1,876 |
| | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 41,388 | 1,850 |
| *,1 | XPeng Inc. Class A | 577,728 | 1,850 |
| | LONGi Green Energy Technology Co. Ltd. Class A | 261,077 | 1,724 |
| | Great Wall Motor Co. Ltd. Class H | 1,557,058 | 1,701 |
| | China Tourism Group Duty Free Corp. Ltd. Class A | 77,168 | 1,696 |
| | Yanzhou Coal Mining Co. Ltd. Class H | 598,000 | 1,681 |
| | Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 1,216,400 | 1,676 |
| | Bank of Communications Ltd. Class H | 3,358,058 | 1,638 |
| * | New Oriental Education & Technology Group Inc. | 695,360 | 1,628 |
| | China CITIC Bank Corp. Ltd. Class H | 4,114,525 | 1,551 |
| * | Full Truck Alliance Co. Ltd. ADR | 308,097 | 1,467 |
| | Tingyi Cayman Islands Holding Corp. | 938,000 | 1,466 |
| | | Shares | Market
Value•
($000) |
| | Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A | 45,424 | 1,449 |
| | Industrial Bank Co. Ltd. Class A | 699,200 | 1,442 |
| | China Gas Holdings Ltd. | 1,617,474 | 1,435 |
| | China Resources Power Holdings Co. Ltd. | 979,400 | 1,423 |
| * | Vipshop Holdings Ltd. ADR | 197,589 | 1,377 |
| | Anhui Conch Cement Co. Ltd. Class H | 534,500 | 1,376 |
| | Wanhua Chemical Group Co. Ltd. Class A | 120,700 | 1,332 |
| 2 | China Feihe Ltd. | 2,270,000 | 1,308 |
| | Yanzhou Coal Mining Co. Ltd. Class A | 235,100 | 1,308 |
| | Hengan International Group Co. Ltd. | 330,730 | 1,282 |
| | Foshan Haitian Flavouring & Food Co. Ltd. Class A | 155,870 | 1,278 |
| | China National Building Material Co. Ltd. Class H | 2,194,750 | 1,274 |
| | Zhuzhou CRRC Times Electric Co. Ltd. | 290,109 | 1,259 |
| | Sinopharm Group Co. Ltd. Class H | 658,600 | 1,249 |
| | China Petroleum & Chemical Corp. Class A | 2,224,980 | 1,243 |
| * | Daqo New Energy Corp. ADR | 28,191 | 1,240 |
| 2 | Longfor Group Holdings Ltd. | 964,100 | 1,228 |
| | Kingsoft Corp. Ltd. | 401,200 | 1,215 |
| | Zhongsheng Group Holdings Ltd. | 319,500 | 1,213 |
| | Jiangsu Hengrui Medicine Co. Ltd. Class A | 216,816 | 1,197 |
| | China Shenhua Energy Co. Ltd. Class A | 307,100 | 1,178 |
| | Muyuan Foods Co. Ltd. Class A | 182,548 | 1,176 |
| * | Genscript Biotech Corp. | 462,000 | 1,168 |
| | China Conch Venture Holdings Ltd. | 780,998 | 1,152 |
| | Haitong Securities Co. Ltd. Class H | 2,347,139 | 1,147 |
| | China Vanke Co. Ltd. Class H | 884,089 | 1,135 |
| 2 | CGN Power Co. Ltd. Class H | 5,600,832 | 1,135 |
| | China Resources Gas Group Ltd. | 442,000 | 1,132 |
| * | Tencent Music Entertainment Group ADR | 311,321 | 1,124 |
| | People's Insurance Co. Group of China Ltd. Class H | 4,008,000 | 1,108 |
| *,2 | JD Logistics Inc. | 789,527 | 1,104 |
| 2 | Fuyao Glass Industry Group Co. Ltd. Class H | 304,000 | 1,089 |
| *,1,2 | Akeso Inc. | 270,000 | 1,083 |
| | Kunlun Energy Co. Ltd. | 1,810,000 | 1,082 |
| | | Shares | Market
Value•
($000) |
| | Yangzijiang Shipbuilding Holdings Ltd. | 1,268,236 | 1,075 |
| * | TAL Education Group ADR | 227,769 | 1,073 |
| * | Bilibili Inc. Class Z | 119,699 | 1,067 |
| | Luzhou Laojiao Co. Ltd. Class A | 49,700 | 1,066 |
| | SF Holding Co. Ltd. Class A | 157,398 | 1,043 |
| | BYD Electronic International Co. Ltd. | 358,500 | 1,042 |
| * | Alibaba Health Information Technology Ltd. | 2,438,000 | 1,032 |
| | Zijin Mining Group Co. Ltd. Class A | 948,312 | 1,032 |
| | Sungrow Power Supply Co. Ltd. Class A | 57,300 | 1,029 |
| | Shaanxi Coal Industry Co. Ltd. Class A | 377,300 | 1,025 |
| 2 | Ganfeng Lithium Co. Ltd. Class H | 150,080 | 1,015 |
| 2 | China International Capital Corp. Ltd. Class H | 728,000 | 1,012 |
| | China Minsheng Banking Corp. Ltd. Class H | 3,364,012 | 977 |
| | Shanghai Pudong Development Bank Co. Ltd. Class A | 1,069,486 | 975 |
| * | Zai Lab Ltd. ADR | 43,681 | 973 |
| | East Money Information Co. Ltd. Class A | 449,054 | 963 |
| | Agricultural Bank of China Ltd. Class A | 2,544,735 | 963 |
| | Weichai Power Co. Ltd. Class H | 1,002,400 | 960 |
| | GF Securities Co. Ltd. Class H | 938,000 | 954 |
| | Bank of Communications Co. Ltd. Class A | 1,547,100 | 944 |
| | Luxshare Precision Industry Co. Ltd. Class A | 240,469 | 936 |
| | Shenzhen Inovance Technology Co. Ltd. Class A | 101,600 | 931 |
| | Ping An Bank Co. Ltd. Class A | 653,000 | 927 |
| | Kingboard Holdings Ltd. | 371,340 | 917 |
| | China State Construction Engineering Corp. Ltd. Class A | 1,407,000 | 915 |
| 2 | Guotai Junan Securities Co. Ltd. Class H | 900,600 | 910 |
| | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A | 50,195 | 900 |
| 1,2 | Smoore International Holdings Ltd. | 845,000 | 900 |
| | Guangdong Investment Ltd. | 1,424,000 | 898 |
| | China Railway Group Ltd. Class H | 2,048,000 | 891 |
| | China Merchants Port Holdings Co. Ltd. | 760,000 | 891 |
| | Tongwei Co. Ltd. Class A | 148,100 | 886 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| 2 | China Resources Mixc Lifestyle Services Ltd. | 301,200 | 882 |
| * | Tongcheng-Elong Holdings Ltd. | 560,400 | 875 |
| * | Canadian Solar Inc. | 25,609 | 868 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 337,639 | 853 |
| * | Air China Ltd. Class H | 1,220,000 | 849 |
| | Guangzhou Automobile Group Co. Ltd. Class H | 1,379,399 | 841 |
| | China Pacific Insurance Group Co. Ltd. Class A | 317,988 | 830 |
| *,1 | Huaneng Power International Inc. Class H | 2,306,000 | 825 |
| * | JinkoSolar Holding Co. Ltd. ADR | 17,300 | 821 |
| | Jiangxi Copper Co. Ltd. Class H | 750,000 | 820 |
| | Aier Eye Hospital Group Co. Ltd. Class A | 241,659 | 820 |
| | China Coal Energy Co. Ltd. Class H | 1,109,000 | 816 |
| | Anhui Gujing Distillery Co. Ltd. Class B | 69,100 | 815 |
| | Bank of China Ltd. Class A | 1,975,400 | 815 |
| 1 | Chinasoft International Ltd. | 1,204,000 | 798 |
| | NARI Technology Co. Ltd. Class A | 236,976 | 796 |
| | Poly Developments and Holdings Group Co. Ltd. Class A | 416,099 | 791 |
| | ZTE Corp. Class A | 259,398 | 790 |
| | China State Construction International Holdings Ltd. | 875,750 | 788 |
| | China Power International Development Ltd. | 2,715,851 | 785 |
| | Shanghai Baosight Software Co. Ltd. Class B | 257,117 | 776 |
| *,2 | Haidilao International Holding Ltd. | 519,000 | 771 |
| | China Vanke Co. Ltd. Class A | 411,400 | 763 |
| | Country Garden Services Holdings Co. Ltd. | 871,141 | 761 |
| 2 | China Resources Pharmaceutical Group Ltd. | 1,125,000 | 759 |
| | NAURA Technology Group Co. Ltd. Class A | 20,500 | 744 |
| | China Hongqiao Group Ltd. | 1,050,000 | 743 |
| 2 | Yadea Group Holdings Ltd. | 486,000 | 742 |
| | Bank of Ningbo Co. Ltd. Class A | 226,068 | 738 |
| | Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 212,700 | 737 |
| | Fu Shou Yuan International Group Ltd. | 1,475,000 | 737 |
| *,2 | Hygeia Healthcare Holdings Co. Ltd. | 168,732 | 731 |
| | | Shares | Market
Value•
($000) |
| | Unigroup Guoxin Microelectronics Co. Ltd. Class A | 32,199 | 726 |
| | China CSSC Holdings Ltd. Class A | 198,900 | 725 |
| | CRRC Corp. Ltd. Class H | 2,388,000 | 724 |
| | JA Solar Technology Co. Ltd. Class A | 84,214 | 723 |
| | SAIC Motor Corp. Ltd. Class A | 382,099 | 721 |
| 2 | Hansoh Pharmaceutical Group Co. Ltd. | 460,000 | 711 |
| | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 164,000 | 709 |
| * | Kanzhun Ltd. | 64,780 | 708 |
| | China Galaxy Securities Co. Ltd. Class H | 1,878,000 | 703 |
| | China National Nuclear Power Co. Ltd. Class A | 844,400 | 699 |
| | Fosun International Ltd. | 1,142,464 | 698 |
| | Trina Solar Co. Ltd. Class A | 76,264 | 696 |
| 2 | CSC Financial Co. Ltd. Class H | 953,000 | 691 |
| | Autohome Inc. ADR | 26,443 | 691 |
| *,1,2 | Koolearn Technology Holding Ltd. | 140,500 | 685 |
| | Orient Securities Co. Ltd. Class A | 640,708 | 683 |
| | Minth Group Ltd. | 346,000 | 682 |
| | 360 DigiTech Inc. ADR | 67,000 | 681 |
| | Eve Energy Co. Ltd. Class A | 59,605 | 680 |
| | Inner Mongolia Yitai Coal Co. Ltd. Class B | 479,704 | 679 |
| *,1 | China Southern Airlines Co. Ltd. Class H | 1,312,000 | 677 |
| | CITIC Securities Co. Ltd. Class A | 284,954 | 673 |
| | New China Life Insurance Co. Ltd. Class H | 422,234 | 671 |
| | JOYY Inc. ADR | 26,125 | 659 |
| | TravelSky Technology Ltd. Class H | 452,000 | 657 |
| *,1,2 | Haichang Ocean Park Holdings Ltd. | 741,000 | 656 |
| * | Tianqi Lithium Corp. | 50,048 | 654 |
| *,2 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 344,156 | 642 |
| | China Medical System Holdings Ltd. | 585,000 | 639 |
| | Anhui Conch Cement Co. Ltd. Class A | 191,700 | 639 |
| | ZTE Corp. Class H | 355,614 | 634 |
| 2 | China Merchants Securities Co. Ltd. Class H | 678,160 | 629 |
| 2 | Huatai Securities Co. Ltd. Class H | 638,564 | 625 |
| | China Oilfield Services Ltd. Class A | 267,625 | 616 |
| | Beijing Enterprises Holdings Ltd. | 240,500 | 610 |
| | | Shares | Market
Value•
($000) |
| | China Oilfield Services Ltd. Class H | 542,000 | 610 |
| 1 | Country Garden Holdings Co. | 4,733,230 | 610 |
| | China Three Gorges Renewables Group Co. Ltd. Class A | 797,600 | 610 |
| | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 19,398 | 606 |
| * | Chindra Group Holdings Ltd. | 114,017 | 605 |
| | Chongqing Zhifei Biological Products Co. Ltd. Class A | 51,400 | 601 |
| 2 | Shandong Gold Mining Co. Ltd. Class H | 376,050 | 598 |
| | AECC Aviation Power Co. Ltd. Class A | 89,200 | 597 |
| | China Railway Group Ltd. Class A | 870,300 | 596 |
| 1,2 | CanSino Biologics Inc. Class H | 64,000 | 595 |
| | PetroChina Co. Ltd. | 881,500 | 578 |
| | China Everbright International Ltd. | 1,728,777 | 575 |
| 1 | Dongfang Electric Corp. Ltd. Class H | 381,200 | 575 |
| | Dongfeng Motor Group Co. Ltd. Class H | 1,246,000 | 564 |
| | Bank of Nanjing Co. Ltd. Class A | 398,300 | 564 |
| | Haitian International Holdings Ltd. | 281,000 | 563 |
| | Yuexiu Property Co. Ltd. | 658,441 | 562 |
| | Beijing Kingsoft Office Software Inc. Class A | 14,047 | 561 |
| | China Traditional Chinese Medicine Holdings Co. Ltd. | 1,288,000 | 557 |
| | Caitong Securities Co. Ltd. Class A | 565,868 | 556 |
| | Aluminum Corp. of China Ltd. Class H | 1,945,331 | 555 |
| | Beijing-Shanghai High Speed Railway Co. Ltd. Class A | 907,300 | 555 |
| * | Microport Scientific Corp. | 262,452 | 554 |
| | Tianjin Zhonghuan Semiconductor Co. Ltd. Class A | 101,961 | 553 |
| * | GD Power Development Co. Ltd. Class A | 917,699 | 550 |
| * | Shanghai International Airport Co. Ltd. Class A | 74,541 | 545 |
| * | Qinghai Salt Lake Industry Co. Ltd. | 184,398 | 545 |
| | Yunnan Energy New Material Co. Ltd. Class A | 26,700 | 542 |
| | Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 55,200 | 540 |
| * | Beijing Capital International Airport Co. Ltd. Class H | 980,000 | 531 |
| | China Molybdenum Co. Ltd. Class H | 1,638,000 | 527 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Huatai Securities Co. Ltd. Class A | 320,900 | 527 |
| | Lufax Holding Ltd. ADR | 330,075 | 525 |
| | Sany Heavy Industry Co. Ltd. Class A | 281,946 | 523 |
| | Bosideng International Holdings Ltd. | 1,212,000 | 523 |
| *,2 | Luye Pharma Group Ltd. | 2,141,500 | 521 |
| *,2 | Hua Hong Semiconductor Ltd. | 222,084 | 520 |
| | Far East Horizon Ltd. | 661,000 | 510 |
| | Chongqing Sanfeng Environment Group Corp. Ltd. Class A | 574,300 | 509 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 369,700 | 501 |
| | SDIC Power Holdings Co. Ltd. Class A | 361,368 | 500 |
| | AviChina Industry & Technology Co. Ltd. Class H | 1,138,000 | 498 |
| *,2 | China Literature Ltd. | 183,600 | 495 |
| | Suzhou Maxwell Technologies Co. Ltd. Class A | 7,504 | 494 |
| * | Gds Holdings Ltd. Class A | 441,511 | 493 |
| | China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 270,100 | 487 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 655,497 | 487 |
| | BOE Technology Group Co. Ltd. Class B | 1,121,800 | 485 |
| | Hollysys Automation Technologies Ltd. | 30,346 | 484 |
| | Guangdong Haid Group Co. Ltd. Class A | 61,077 | 484 |
| | China United Network Communications Ltd. Class A | 1,044,400 | 481 |
| 1 | Flat Glass Group Co. Ltd. Class H | 204,000 | 479 |
| * | Zhaojin Mining Industry Co. Ltd. Class H | 579,500 | 477 |
| | Citic Pacific Special Steel Group Co. Ltd. Class A | 214,110 | 472 |
| | China Minsheng Banking Corp. Ltd. Class A | 1,032,100 | 467 |
| | Bank of Hangzhou Co. Ltd. Class A | 280,300 | 465 |
| | Tsingtao Brewery Co. Ltd. Class A | 41,300 | 464 |
| | Fufeng Group Ltd. | 875,000 | 454 |
| | Great Wall Motor Co. Ltd. Class A | 113,531 | 454 |
| | Dongyue Group Ltd. | 522,000 | 453 |
| | Xtep International Holdings Ltd. | 492,000 | 451 |
| | China Insurance International Holdings Co. Ltd. | 650,059 | 450 |
| | Cosco Shipping Ports Ltd. | 908,000 | 448 |
| | | Shares | Market
Value•
($000) |
| | Guotai Junan Securities Co. Ltd. Class A | 246,800 | 448 |
| | China Jinmao Holdings Group Ltd. | 3,358,000 | 445 |
| | Huaxia Bank Co. Ltd. Class A | 676,100 | 444 |
| | Foxconn Industrial Internet Co. Ltd. Class A | 393,600 | 443 |
| 1,2 | Jiumaojiu International Holdings Ltd. | 281,000 | 442 |
| 2 | 3SBio Inc. | 626,500 | 442 |
| * | China Eastern Airlines Corp. Ltd. Class A | 669,200 | 441 |
| | CRRC Corp. Ltd. Class A | 677,700 | 441 |
| | China Everbright Bank Co. Ltd. Class H | 1,699,000 | 439 |
| 2 | Topsports International Holdings Ltd. | 866,000 | 437 |
| *,1 | COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 600,000 | 437 |
| | WuXi AppTec Co. Ltd. Class A | 41,584 | 436 |
| | Focus Media Information Technology Co. Ltd. Class A | 708,200 | 436 |
| | YTO Express Group Co. Ltd. Class A | 167,300 | 433 |
| | China National Software & Service Co. Ltd. | 43,400 | 432 |
| | Shenzhen International Holdings Ltd. | 641,000 | 431 |
| | Huadong Medicine Co. Ltd. Class A | 76,030 | 428 |
| 1,2 | Pop Mart International Group Ltd. | 329,600 | 427 |
| | Nine Dragons Paper Holdings Ltd. | 716,000 | 424 |
| | China Resources Cement Holdings Ltd. | 1,170,000 | 423 |
| *,2 | Remegen Co. Ltd. Class H | 67,000 | 422 |
| | Hithink RoyalFlush Information Network Co. Ltd. Class A | 35,953 | 420 |
| | China Everbright Bank Co. Ltd. Class A | 1,124,800 | 420 |
| *,2 | Keymed Biosciences Inc. | 73,000 | 418 |
| 2 | Hangzhou Tigermed Consulting Co. Ltd. Class H | 61,000 | 414 |
| | Zhejiang Runtu Co. Ltd. Class A | 410,800 | 413 |
| | Daqin Railway Co. Ltd. Class A | 469,600 | 412 |
| | Yealink Network Technology Corp. Ltd. Class A | 43,530 | 412 |
| | Beijing Enterprises Water Group Ltd. | 1,949,015 | 410 |
| | Bank of Beijing Co. Ltd. Class A | 731,300 | 405 |
| | Yunnan Baiyao Group Co. Ltd. Class A | 53,700 | 402 |
| * | RLX Technology Inc. ADR | 321,343 | 402 |
| | | Shares | Market
Value•
($000) |
| | Chongqing Changan Automobile Co. Ltd. Class A | 258,986 | 401 |
| | Huayu Automotive Systems Co. Ltd. Class A | 172,100 | 396 |
| | Guangdong South New Media Co. Ltd. Class A | 90,200 | 394 |
| | New China Life Insurance Co. Ltd. Class A | 122,700 | 394 |
| | China Northern Rare Earth Group High-Tech Co. Ltd. Class A | 117,900 | 393 |
| | Yonyou Network Technology Co. Ltd. Class A | 116,525 | 392 |
| | China CITIC Bank Corp. Ltd. Class A | 660,900 | 392 |
| | Zhejiang NHU Co. Ltd. Class A | 159,476 | 391 |
| | BOE Technology Group Co. Ltd. Class A | 850,900 | 390 |
| 2 | Dali Foods Group Co. Ltd. | 939,000 | 387 |
| | Chongqing Changan Automobile Co. Ltd. Class B | 891,263 | 386 |
| | Bank of Shanghai Co. Ltd. Class A | 503,837 | 386 |
| | Greentown China Holdings Ltd. | 399,879 | 382 |
| | Aluminum Corp. of China Ltd. Class A | 720,200 | 382 |
| | Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 91,400 | 381 |
| | Iflytek Co. Ltd. Class A | 78,900 | 380 |
| | Ginlong Technologies Co. Ltd. Class A | 14,755 | 378 |
| | Zhejiang Huayou Cobalt Co. Ltd. Class A | 50,440 | 377 |
| 3 | Nuode Investment Co. Ltd. | 283,890 | 377 |
| | Zhejiang Supcon Technology Co. Ltd. | 28,064 | 372 |
| | Baoshan Iron & Steel Co. Ltd. Class A | 562,400 | 371 |
| | Shanghai International Port Group Co. Ltd. Class A | 523,300 | 371 |
| | Zhejiang Expressway Co. Ltd. Class H | 596,000 | 370 |
| | Hundsun Technologies Inc. Class A | 64,551 | 370 |
| | China Lesso Group Holdings Ltd. | 453,000 | 368 |
| | Hangzhou Tigermed Consulting Co. Ltd. Class A | 32,150 | 367 |
| | Kingboard Laminates Holdings Ltd. | 458,858 | 367 |
| | Tongling Nonferrous Metals Group Co. Ltd. Class A | 1,059,200 | 367 |
| | TBEA Co. Ltd. Class A | 130,500 | 366 |
| | Xiamen Bank Co. Ltd. | 517,200 | 364 |
| * | Weibo Corp. ADR | 32,062 | 363 |
| * | Industrial Securities Co. Ltd. Class A | 483,950 | 363 |
| | Angang Steel Co. Ltd. Class H | 1,738,800 | 361 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | China Overseas Property Holdings Ltd. | 572,493 | 360 |
| | CSG Holding Co. Ltd. Class B | 936,406 | 359 |
| | Ganfeng Lithium Co. Ltd. Class A | 33,180 | 359 |
| | Guangzhou Tinci Materials Technology Co. Ltd. Class A | 60,860 | 355 |
| | Hangzhou Steam Turbine Co. Ltd. Class B | 258,754 | 354 |
| | Ninestar Corp. Class A | 45,100 | 354 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class A | 246,100 | 353 |
| | China Cinda Asset Management Co. Ltd. Class H | 3,785,000 | 352 |
| | China Grand Pharmaceutical and Healthcare Holdings Ltd. Class A | 823,080 | 352 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class H | 1,162,000 | 352 |
| | Anhui Gujing Distillery Co. Ltd. Class A | 13,000 | 352 |
| | China Communications Services Corp. Ltd. Class H | 1,252,000 | 349 |
| *,2 | InnoCare Pharma Ltd. | 298,000 | 348 |
| | Beijing Tiantan Biological Products Corp. Ltd. Class A | 122,066 | 347 |
| | Hello Group Inc. ADR | 73,822 | 347 |
| | Inner Mangolia ERDOS Resources Co. Ltd. | 198,960 | 347 |
| | Uni-President China Holdings Ltd. | 468,800 | 346 |
| 1 | Tianneng Power International Ltd. | 360,000 | 346 |
| * | Noah Holdings Ltd. ADR | 26,243 | 344 |
| | GF Securities Co. Ltd. Class A | 183,700 | 344 |
| | Xinte Energy Co. Ltd. Class H | 175,600 | 343 |
| | Yihai International Holding Ltd. | 207,000 | 341 |
| | GoerTek Inc. Class A | 114,500 | 340 |
| | Qingdao Rural Commercial Bank Corp. Class A | 894,400 | 340 |
| * | Golden Solar New Energy Technology Holdings Ltd. | 338,000 | 338 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 387,365 | 336 |
| | Shenwan Hongyuan Group Co. Ltd. Class A | 629,900 | 336 |
| 2 | China Railway Signal & Communication Corp. Ltd. Class H | 1,180,500 | 336 |
| | C&D International Investment Group Ltd. | 216,000 | 335 |
| | | Shares | Market
Value•
($000) |
| * | Lifetech Scientific Corp. | 1,059,998 | 333 |
| * | Shanghai Electric Group Co. Ltd. Class H | 1,690,000 | 329 |
| | China Energy Engineering Corp. Ltd. (XSSC) | 1,041,600 | 327 |
| *,2 | New Horizon Health Ltd. | 146,000 | 326 |
| | Yihai Kerry Arawana Holdings Co. Ltd. Class A | 61,900 | 325 |
| | Zhejiang Dahua Technology Co. Ltd. Class A | 204,300 | 324 |
| * | iQIYI Inc. ADR | 159,631 | 322 |
| | Henan Shuanghui Investment & Development Co. Ltd. Class A | 101,678 | 318 |
| *,3 | China Evergrande Group | 2,005,000 | 316 |
| | CSC Financial Co. Ltd. Class A | 97,300 | 316 |
| | Huadian Power International Corp. Ltd. Class H | 1,050,000 | 315 |
| 1 | Sinotruk Hong Kong Ltd. | 352,000 | 314 |
| * | Yangzijiang Financial Holding | 1,432,536 | 314 |
| 1 | China Suntien Green Energy Corp. Ltd. Class H | 824,000 | 313 |
| | Jiangsu Hengli Hydraulic Co. Ltd. Class A | 41,072 | 311 |
| | Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 422,800 | 311 |
| | Ningbo Orient Wires & Cables Co. Ltd. Class A | 29,500 | 311 |
| *,1,2 | Ping An Healthcare and Technology Co. Ltd. | 167,627 | 310 |
| | Inner Mongolia BaoTou Steel Union Co. Ltd. Class A | 1,282,300 | 310 |
| | Ningbo Zhoushan Port Co. Ltd. Class A | 646,400 | 308 |
| | Ningbo Deye Technology Co. Claas A | 6,860 | 308 |
| | Zhejiang Huace Film & Television Co. Ltd. Class A | 532,900 | 307 |
| | Sinolink Securities Co. Ltd. Class A | 282,700 | 306 |
| 1,2 | Jinxin Fertility Group Ltd. | 619,000 | 305 |
| | Beijing Tongrentang Co. Ltd. | 45,561 | 305 |
| * | Guangdong Fenghua Advanced Technology Holding Co. Ltd. | 161,895 | 305 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 124,700 | 301 |
| | China Water Affairs Group Ltd. | 424,000 | 300 |
| | Walvax Biotechnology Co. Ltd. Class A | 56,800 | 300 |
| | Sinotrans Ltd. Class H | 1,224,000 | 298 |
| *,1,2 | Weimob Inc. | 848,000 | 298 |
| | | Shares | Market
Value•
($000) |
| | Power Construction Corp. of China Ltd. Class A | 307,000 | 297 |
| | Giant Network Group Co. Ltd. | 279,400 | 297 |
| * | COSCO SHIPPING Energy Transportation Co. Ltd. Class A | 127,100 | 295 |
| | CIMC Enric Holdings Ltd. | 302,000 | 294 |
| | Sany Heavy Equipment International Holdings Co. Ltd. | 356,000 | 292 |
| | FinVolution Group ADR | 66,835 | 290 |
| | Imeik Technology Development Co. Ltd. Class A | 5,000 | 289 |
| | Jiangsu Eastern Shenghong Co. Ltd. Class A | 170,600 | 288 |
| | Central China Securities Co. Ltd. Class H | 2,375,988 | 288 |
| 2 | BAIC Motor Corp. Ltd. Class H | 1,296,900 | 287 |
| | Will Semiconductor Co. Ltd. Shanghai Class A | 28,485 | 287 |
| | NetDragon Websoft Holdings Ltd. | 170,000 | 285 |
| *,1 | Alibaba Pictures Group Ltd. | 7,640,000 | 282 |
| *,1,2 | Shanghai Junshi Biosciences Co. Ltd. Class H | 80,400 | 281 |
| * | Canaan Inc. ADR | 96,887 | 281 |
| * | Advanced Micro-Fabrication Equipment Inc. Class A | 18,483 | 281 |
| | Shanghai Putailai New Energy Technology Co. Ltd. Class A | 40,600 | 278 |
| 1,2 | Blue Moon Group Holdings Ltd. | 466,000 | 275 |
| | BOE Varitronix Ltd. | 184,527 | 274 |
| | Poly Property Services Co. Ltd. | 74,100 | 274 |
| | Beijing Ultrapower Software Co. Ltd. Class A | 454,000 | 272 |
| | China Datang Corp Renewable Power Co. Ltd. Class H | 1,003,000 | 271 |
| | Pharmaron Beijing Co. Ltd. Class A | 38,013 | 270 |
| | Haitong Securities Co. Ltd. Class A | 233,400 | 270 |
| * | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 195,600 | 269 |
| | Guanghui Energy Co. Ltd. Class A | 190,900 | 269 |
| | China Meidong Auto Holdings Ltd. | 204,000 | 268 |
| | Ming Yang Smart Energy Group Ltd. Class A | 78,400 | 268 |
| | Jiangsu Expressway Co. Ltd. Class A | 261,600 | 267 |
| | Hengli Petrochemical Co. Ltd. Class A | 126,900 | 267 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Huizhou Desay Sv Automotive Co. Ltd. Class A | 18,700 | 266 |
| | COFCO Meat Holdings Ltd. | 1,261,000 | 265 |
| * | China Southern Airlines Co. Ltd. Class A | 297,800 | 265 |
| | China Merchants Energy Shipping Co. Ltd. | 275,200 | 264 |
| | China Molybdenum Co. Ltd. Class A | 463,200 | 264 |
| 2 | Everbright Securities Co. Ltd. Class H | 484,000 | 262 |
| | Jiangsu Zhongtian Technology Co. Ltd. Class A | 86,900 | 262 |
| 1 | Differ Group Holding Co. Ltd. | 1,312,000 | 262 |
| | Zangge Mining Co. Ltd. | 70,099 | 262 |
| | Digital China Holdings Ltd. | 659,499 | 261 |
| | Guoyuan Securities Co. Ltd. Class A | 304,220 | 261 |
| | Metallurgical Corp. of China Ltd. Class H | 1,618,000 | 258 |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class A | 34,500 | 258 |
| | Changchun High & New Technology Industry Group Inc. Class A | 11,546 | 257 |
| | Skyworth Group Ltd. | 695,340 | 255 |
| | Hopson Development Holdings Ltd. | 317,987 | 255 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 114,000 | 254 |
| | Montage Technology Co. Ltd. Class A | 32,761 | 254 |
| 1,2 | Angelalign Technology, Inc. | 28,753 | 254 |
| | Shaanxi International Trust Co. Ltd. Class A | 638,200 | 252 |
| 1 | Zhongyu Gas Holdings Ltd. | 338,000 | 252 |
| | Jiangsu Changshu Rural Commercial Bank Co. Ltd. Class A | 262,800 | 252 |
| | Gigadevice Semiconductor Beijing Inc. Class A | 22,151 | 250 |
| 1 | China Energy Engineering Corp. Ltd. | 2,456,000 | 247 |
| | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 32,887 | 246 |
| | Shandong Gold Mining Co. Ltd. Class A | 103,577 | 246 |
| | China Automotive Engineering Research Institute Co. Ltd. Class A | 95,300 | 246 |
| | SSY Group Ltd. | 588,336 | 244 |
| * | Wens Foodstuffs Group Co. Ltd. Class A | 99,060 | 243 |
| | | Shares | Market
Value•
($000) |
| | China South Publishing & Media Group Co. Ltd. Class A | 185,400 | 243 |
| | Founder Securities Co. Ltd. Class A | 279,000 | 242 |
| | MINISO Group Holding Ltd. ADR | 47,534 | 242 |
| | Sinomine Resource Group Co. Ltd. Class A | 19,600 | 241 |
| 2 | Asiainfo Technologies Ltd. | 201,200 | 240 |
| * | Wanda Film Holding Co. Ltd. | 172,100 | 238 |
| | Concord New Energy Group Ltd. | 3,100,000 | 237 |
| | China Zhenhua Group Science & Technology Co. Ltd. Class A | 12,800 | 237 |
| | Caida Securities Co. Ltd. | 239,600 | 237 |
| * | Yatsen Holding Ltd. ADR | 208,710 | 236 |
| | SG Micro Corp. Class A | 11,475 | 236 |
| | Shougang Fushan Resources Group Ltd. | 867,524 | 235 |
| | Fuyao Glass Industry Group Co. Ltd. Class A | 51,300 | 235 |
| | Beijing Shougang Co. Ltd. Class A | 498,800 | 234 |
| | Gotion High-tech Co. Ltd. Class A | 56,400 | 233 |
| | Porton Pharma Solutions Ltd. | 39,997 | 233 |
| | Harbin Boshi Automation Co. Ltd. Class A | 110,542 | 232 |
| * | Vnet Group Inc. ADR | 55,178 | 231 |
| | Jiangsu Expressway Co. Ltd. Class H | 328,000 | 231 |
| 2 | Legend Holdings Corp. Class H | 275,100 | 231 |
| | Inner Mongolia Mining Co. Ltd. | 142,296 | 231 |
| | Wingtech Technology Co. Ltd. Class A | 35,000 | 230 |
| | Shan Xi Hua Yang Group New Energy Co. Ltd. Class A | 99,500 | 230 |
| 2 | Pharmaron Beijing Co. Ltd. Class H | 67,649 | 228 |
| | Shenzhen Expressway Co. Ltd. Class H | 318,000 | 228 |
| | Sichuan Chuantou Energy Co. Ltd. Class A | 150,600 | 228 |
| | AIMA Technology Group Co. Ltd. | 27,798 | 228 |
| | Shanxi Coking Coal Energy Group Co. Ltd. Class A | 145,470 | 227 |
| * | China Conch Environment Protection Holdings Ltd. | 761,998 | 225 |
| | iRay Technology Co. Ltd. | 3,173 | 224 |
| 1 | Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 692,380 | 223 |
| | | Shares | Market
Value•
($000) |
| | Shanghai Huace Navigation Technology Ltd. Class A | 50,820 | 222 |
| | Lao Feng Xiang Co. Ltd. Class A | 41,900 | 221 |
| | Towngas Smart Energy Co. Ltd. | 628,000 | 220 |
| | 360 Security Technology Inc. Class A | 226,898 | 220 |
| | Ningbo Tuopu Group Co. Ltd. Class A | 24,800 | 220 |
| | StarPower Semiconductor Ltd. Class A | 4,300 | 220 |
| 1,2 | Simcere Pharmaceutical Group Ltd. | 198,000 | 220 |
| * | Tibet Mineral Development Co. | 41,400 | 220 |
| | Shenzhen Investment Ltd. | 1,603,953 | 219 |
| | COSCO SHIPPING Development Co. Ltd. Class A | 652,900 | 219 |
| | Beijing United Information Technology Co. Ltd. | 12,825 | 218 |
| | Chaozhou Three-Circle Group Co. Ltd. Class A | 55,600 | 217 |
| | China Resources Microelectronics Ltd. Class A | 30,993 | 216 |
| | Xiamen Faratronic Co. Ltd. Class A | 8,900 | 215 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class H | 1,620,000 | 213 |
| | Sichuan Road & Bridge Co. Ltd. Class A | 136,400 | 211 |
| * | Gushengtang Holdings Ltd. | 49,800 | 211 |
| * | Datang International Power Generation Co. Ltd. Class H | 1,648,000 | 210 |
| | Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A | 6,846 | 210 |
| | Jiangsu Shagang Co. Ltd. Class A | 391,700 | 209 |
| | People's Insurance Co. Group of China Ltd. | 312,500 | 208 |
| | Jiangsu Cnano Technology Co. Ltd. | 15,918 | 208 |
| | China International Marine Containers Group Co. Ltd. Class H | 325,500 | 207 |
| | Hoshine Silicon Industry Co. Ltd. Class A | 15,700 | 206 |
| 1 | China Risun Group Ltd. | 584,000 | 206 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class B | 143,033 | 205 |
| * | New Hope Liuhe Co. Ltd. Class A | 114,900 | 204 |
| | Shenzhen Transsion Holdings Co. Ltd. Class A | 23,860 | 204 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Hangzhou First Applied Material Co. Ltd. Class A | 22,915 | 203 |
| | China Jushi Co. Ltd. Class A | 125,730 | 202 |
| 1 | China Modern Dairy Holdings Ltd. | 1,979,500 | 202 |
| | Hangzhou Silan Microelectronics Co. Ltd. Class A | 46,900 | 202 |
| 1 | Jinke Smart Services Group Co. Ltd. Class H | 137,300 | 202 |
| | Maxscend Microelectronics Co. Ltd. Class A | 15,872 | 201 |
| | Hengtong Optic-electric Co. Ltd. Class A | 75,300 | 201 |
| | PAX Global Technology Ltd. | 255,000 | 200 |
| | Guangzhou Automobile Group Co. Ltd. Class A | 128,600 | 200 |
| | China Nonferrous Mining Corp. Ltd. | 553,000 | 200 |
| * | Sinopec Oilfield Service Corp. Class A | 787,700 | 199 |
| | Hangzhou Chang Chuan Technology Co. Ltd. Class A | 24,200 | 199 |
| | China Yongda Automobiles Services Holdings Ltd. | 442,000 | 198 |
| | Livzon Pharmaceutical Group Inc. Class H | 75,806 | 198 |
| | Shandong Hualu Hengsheng Chemical Co. Ltd. Class A | 54,990 | 198 |
| | Glarun Technology Co. Ltd. Class A | 99,600 | 198 |
| | Western Superconducting Technologies Co. Ltd. Class A | 12,345 | 197 |
| | Beijing Water Business Doctor Co. Ltd. Class A | 179,900 | 197 |
| | China BlueChemical Ltd. Class H | 1,028,000 | 196 |
| | Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 266,700 | 196 |
| | Bethel Automotive Safety Systems Co. Ltd. Class A | 16,400 | 196 |
| | 3peak Inc. | 5,587 | 196 |
| | TCL Technology Group Corp. Class A | 363,800 | 195 |
| | Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A | 83,800 | 193 |
| | Vinda International Holdings Ltd. | 102,599 | 192 |
| *,1,2 | Microport Cardioflow Medtech Corp. | 633,000 | 192 |
| | Huaneng Lancang River Hydropower Inc. | 219,800 | 192 |
| | Sun Art Retail Group Ltd. | 1,199,500 | 191 |
| | | Shares | Market
Value•
($000) |
| | Yanlord Land Group Ltd. | 312,100 | 191 |
| | China Education Group Holdings Ltd. | 327,000 | 191 |
| | Pylon Technologies Co. Ltd. | 4,503 | 191 |
| | Sinopec Engineering Group Co. Ltd. Class H | 532,135 | 190 |
| | Tangshan Jidong Cement Co. Ltd. Class A | 182,800 | 190 |
| | Shanghai Industrial Holdings Ltd. | 194,000 | 189 |
| | Yangling Metron New Material Inc. | 27,800 | 189 |
| | Dajin Heavy Industry Co. Ltd. | 28,700 | 189 |
| | China National Gold Group Gold Jewellery Co. Ltd. | 130,300 | 189 |
| | China Oriental Group Co. Ltd. | 1,352,000 | 188 |
| | Lepu Medical Technology Beijing Co. Ltd. Class A | 53,900 | 187 |
| 1,2 | A-Living Smart City Services Co. Ltd. | 329,250 | ���187 |
| | YongXing Special Materials Technology Co. Ltd. Class A | 11,700 | 187 |
| | Yuexiu Transport Infrastructure Ltd. | 476,000 | 186 |
| *,1,2 | Alphamab Oncology | 264,000 | 186 |
| | Lens Technology Co. Ltd. Class A | 133,400 | 183 |
| | Shenzhen Dynanonic Co. Ltd. Class A | 5,115 | 181 |
| | Huazhu Group Ltd. | 65,810 | 180 |
| | Sino Biological Inc. | 13,097 | 180 |
| | Weichai Power Co. Ltd. Class A | 142,300 | 178 |
| | Sihuan Pharmaceutical Holdings Group Ltd. | 2,071,000 | 177 |
| | Levima Advanced Materials Corp. Class A | 39,400 | 177 |
| * | Focused Photonics Hangzhou Inc. Class A | 33,100 | 175 |
| | Huadian Power International Corp. Ltd. Class A | 234,000 | 175 |
| | China Everbright Ltd. | 330,000 | 174 |
| | Hisense Home Appliances Group Co. Ltd. Class A | 118,200 | 174 |
| | Shenzhen SC New Energy Technology Corp. Class A | 9,300 | 174 |
| 1 | Shoucheng Holdings Ltd. | 947,600 | 172 |
| * | Yunnan Yuntianhua Co. Ltd. | 62,299 | 172 |
| * | Kuang-Chi Technologies Co. Ltd. Class A | 72,100 | 171 |
| | Wuhan DR Laser Technology Corp. Ltd. Class A | 7,680 | 171 |
| | Sunresin New Materials Co. Ltd. Class A | 16,350 | 171 |
| | China Reinsurance Group Corp. Class H | 3,221,000 | 170 |
| | | Shares | Market
Value•
($000) |
| | Chengdu CORPRO Technology Co. Ltd. Class A | 41,800 | 170 |
| | Lao Feng Xiang Co. Ltd. Class B | 60,294 | 169 |
| * | Sohu.com Ltd. ADR | 11,911 | 169 |
| | Wuxi Shangji Automation Co. Ltd. Class A | 10,080 | 169 |
| | Hangcha Group Co. Ltd. Class A | 75,200 | 169 |
| | Ningbo Shanshan Co. Ltd. Class A | 68,800 | 169 |
| | Jiangsu Lopal Tech Co. Ltd. | 44,798 | 169 |
| | Xinhua Winshare Publishing and Media Co. Ltd. Class H | 278,000 | 168 |
| | Tiangong International Co. Ltd. | 604,000 | 168 |
| | Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 49,500 | 168 |
| | Jiangsu King's Luck Brewery JSC Ltd. Class A | 32,727 | 168 |
| | Xinhuanet Co. Ltd. Class A | 80,700 | 168 |
| | Greentown Service Group Co. Ltd. | 408,000 | 167 |
| | Wuhan Guide Infrared Co. Ltd. Class A | 104,535 | 167 |
| | Lee & Man Paper Manufacturing Ltd. | 549,000 | 166 |
| | Xingda International Holdings Ltd. | 858,000 | 166 |
| 2 | AK Medical Holdings Ltd. | 160,000 | 166 |
| *,1 | XD Inc. | 95,600 | 166 |
| | Zhejiang Juhua Co. Ltd. Class A | 76,900 | 166 |
| | Everbright Securities Co. Ltd. Class A | 85,400 | 165 |
| | Mango Excellent Media Co. Ltd. Class A | 54,526 | 164 |
| * | China Eastern Airlines Corp. Ltd. Class H | 496,000 | 164 |
| | Pingdingshan Tianan Coal Mining Co. Ltd. Class A | 108,300 | 164 |
| | Chongqing Brewery Co. Ltd. Class A | 13,600 | 163 |
| | Ningbo Xusheng Auto Technology Co. Ltd. | 34,599 | 163 |
| *,1,2 | Kintor Pharmaceutical Ltd. | 102,000 | 162 |
| | Heibei Sinopack Electronic Technology Co. Ltd. | 11,198 | 162 |
| * | Kingsoft Cloud Holdings Ltd. ADR | 63,734 | 161 |
| | Huaxin Cement Co. Ltd. Class A | 87,600 | 161 |
| | Guosen Securities Co. Ltd. Class A | 136,055 | 161 |
| | Satellite Chemical Co. Ltd. Class A | 94,887 | 161 |
| *,1 | Yeahka Ltd. | 70,800 | 161 |
| *,1 | HengTen Networks Group Ltd. | 1,025,200 | 161 |
| | Hubei Xingfa Chemicals Group Co. Ltd. Class A | 41,200 | 160 |
| | Liaoning Port Co. Ltd. Class A | 729,600 | 159 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Chongqing Fuling Electric Power Industrial Co. Ltd. Class A | 93,600 | 159 |
| | Yunnan Aluminium Co. Ltd. Class A | 125,400 | 158 |
| | China National Chemical Engineering Co. Ltd. Class A | 162,700 | 158 |
| | GEM Co. Ltd. Class A | 153,900 | 157 |
| * | Huaneng Power International Inc. Class A | 170,300 | 157 |
| | Xiamen Xiangyu Co. Ltd. Class A | 116,103 | 157 |
| * | Shanghai Milkground Food Tech Co. Ltd. Class A | 41,000 | 157 |
| | Tianjin ZhongXin Pharmaceutical Group Corp. Ltd. Class A | 41,100 | 156 |
| | Ningbo Ronbay New Energy Technology Co. Ltd. Class A | 14,381 | 156 |
| | Yuexiu REIT | 902,747 | 155 |
| | Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 126,500 | 155 |
| 2 | Shenwan Hongyuan Group Co. Ltd. Class H | 952,800 | 155 |
| 2 | Zhou Hei Ya International Holdings Co. Ltd. | 351,000 | 155 |
| | Henan Mingtai Al Industrial Co. Ltd. | 78,498 | 155 |
| 2 | China New Higher Education Group Ltd. | 672,000 | 154 |
| | Bloomage Biotechnology Corp. Ltd. Class A | 10,577 | 154 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 34,000 | 153 |
| | China Railway Tielong Container Logistics Co. Ltd. Class A | 215,000 | 153 |
| *,2 | Linklogis Inc. Class B | 438,000 | 153 |
| * | Topchoice Medical Corp. Class A | 8,995 | 152 |
| | Jingjin Equipment Inc. Class A | 35,880 | 152 |
| *,1,2 | Venus MedTech Hangzhou Inc. Class H | 122,500 | 151 |
| | China Greatwall Technology Group Co. Ltd. Class A | 98,400 | 151 |
| | Ecovacs Robotics Co. Ltd. Class A | 18,800 | 151 |
| | Suzhou TA&A Ultra Clean Technology Co. Ltd. Class A | 17,800 | 151 |
| | China Coal Energy Co. Ltd. Class A | 124,100 | 150 |
| * | Shanghai Junshi Biosciences Co. Ltd. Class A | 15,392 | 150 |
| | Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. Class A | 8,729 | 150 |
| | Qingdao Sentury Tire Co. Ltd. | 42,200 | 150 |
| | | Shares | Market
Value•
($000) |
| | Poly Property Group Co. Ltd. | 952,000 | 149 |
| | Wuhan Department Store Group Co. Ltd. Class A | 114,800 | 149 |
| | Dongfang Electric Corp. Ltd. Class A | 46,700 | 149 |
| * | Hainan Meilan International Airport Co. Ltd. Class H | 96,000 | 149 |
| *,1 | Helens International Holdings Co. Ltd. | 155,000 | 149 |
| | Xinyi Energy Holdings Ltd. | 582,000 | 148 |
| | Shanxi Meijin Energy Co. Ltd. Class A | 123,500 | 148 |
| * | COSCO SHIPPING Holdings Co. Ltd. Class A | 96,000 | 148 |
| | Shandong Nanshan Aluminum Co. Ltd. Class A | 350,000 | 148 |
| | Jiangsu GoodWe Power Supply Technology Co. Ltd. Class A | 3,218 | 148 |
| | Livzon Pharmaceutical Group Inc. Class A | 30,300 | 147 |
| | Sunwoda Electronic Co. Ltd. Class A | 46,100 | 147 |
| | JiuGui Liquor Co. Ltd. Class A | 10,500 | 147 |
| *,1 | Seazen Group Ltd. | 917,754 | 147 |
| *,2 | Ascentage Pharma Group International | 73,100 | 146 |
| | Sichuan Hebang Biotechnology Co. Ltd. Class A | 369,600 | 146 |
| 2 | Genertec Universal Medical Group Co. Ltd. | 349,000 | 146 |
| * | Beijing Enterprises Clean Energy Group Ltd. | 21,640,000 | 146 |
| | China National Accord Medicines Corp. Ltd. Class A | 33,500 | 145 |
| | Shenzhen Capchem Technology Co. Ltd. Class A | 29,160 | 145 |
| | Beijing Easpring Material Technology Co. Ltd. Class A | 17,900 | 145 |
| | Metallurgical Corp. of China Ltd. Class A | 367,400 | 145 |
| | JCET Group Co. Ltd. Class A | 43,900 | 145 |
| * | SOHO China Ltd. | 983,000 | 144 |
| * | Jiangxi Special Electric Class A | 54,900 | 144 |
| | Shandong Weifang Rainbow Chemical Co. Ltd. | 11,700 | 144 |
| | Wuxi Autowell Technology Co. Ltd. | 3,313 | 144 |
| | Chengxin Lithium Group Co. Ltd. Class A | 24,000 | 143 |
| | Thunder Software Technology Co. Ltd. Class A | 10,500 | 142 |
| | CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 154,425 | 142 |
| | China Resources Medical Holdings Co. Ltd. | 298,090 | 142 |
| | | Shares | Market
Value•
($000) |
| * | Flat Glass Group Co. Ltd. Class A | 30,200 | 142 |
| | Shanghai Baosight Software Co. Ltd. | 24,310 | 142 |
| * | National Silicon Industry Group Co. Ltd. Class A | 50,798 | 142 |
| * | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 228,000 | 141 |
| * | China Minmetals Rare Earth Co. Ltd. Class A | 35,700 | 141 |
| * | Datang International Power Generation Co. Ltd. Class A | 361,800 | 140 |
| | Shanghai Huafon Aluminium Corp. | 70,200 | 140 |
| | AVIC Electromechanical Systems Co. Ltd. Class A | 86,600 | 139 |
| | CTS International Logistics Corp. Ltd. Class A | 90,900 | 139 |
| | Bank of Jiangsu Co. Ltd. Class A | 145,800 | 138 |
| | CGN New Energy Holdings Co. Ltd. | 510,000 | 137 |
| | BBMG Corp. Class H | 1,331,000 | 137 |
| | Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A | 39,350 | 136 |
| | Shanghai RAAS Blood Products Co. Ltd. Class A | 182,400 | 136 |
| * | Hongda Xingye Co. Ltd. Class A | 302,300 | 136 |
| * | Mianyang Fulin Precision Co. Ltd. Class A | 70,650 | 136 |
| | China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A | 172,400 | 136 |
| | Hangzhou Lion Electronics Co. Ltd. Class A | 22,898 | 135 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class H | 400,000 | 134 |
| | Bank of Chongqing Co. Ltd. Class H | 295,500 | 134 |
| | China Merchants Securities Co. Ltd. Class A | 78,200 | 134 |
| | Haier Smart Home Co. Ltd. Class A | 46,799 | 134 |
| *,2 | Meitu Inc. | 1,544,500 | 134 |
| | Tong Ren Tang Technologies Co. Ltd. Class H | 259,000 | 133 |
| | CECEP Wind-Power Corp. Class A | 225,600 | 133 |
| | Xianhe Co. Ltd. Class A | 39,900 | 133 |
| | Eastern Air Logistics Co. Ltd. | 63,599 | 133 |
| | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A | 29,600 | 132 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Westone Information Industry Inc. Class A | 26,500 | 132 |
| 1,2 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 62,500 | 132 |
| | China Overseas Grand Oceans Group Ltd. | 462,500 | 131 |
| | Tianshui Huatian Technology Co. Ltd. Class A | 108,300 | 131 |
| *,2 | Peijia Medical Ltd. | 158,000 | 131 |
| | Weifu High-Technology Group Co. Ltd. Class B | 85,800 | 130 |
| | Sieyuan Electric Co. Ltd. Class A | 28,400 | 130 |
| * | Beijing Dabeinong Technology Group Co. Ltd. Class A | 103,100 | 130 |
| | Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 117,500 | 130 |
| | Keda Industrial Group Co. Ltd. | 60,600 | 130 |
| | Yifeng Pharmacy Chain Co. Ltd. Class A (XSHG) | 16,770 | 129 |
| | Red Avenue New Materials Group Co. Ltd. Class A | 25,900 | 128 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 148,714 | 128 |
| | Shanghai Bailian Group Co. Ltd. Class B | 193,500 | 128 |
| | ENN Natural Gas Co. Ltd. Class A | 60,100 | 128 |
| 1,3 | CIFI Holdings Group Co. Ltd. | 1,982,864 | 128 |
| | Xiamen Tungsten Co. Ltd. Class A | 46,600 | 128 |
| | Central China Securities Co. Ltd. Class A | 258,600 | 128 |
| | Shenzhen Kangtai Biological Products Co. Ltd. Class A | 29,771 | 127 |
| | Jizhong Energy Resources Co. Ltd. Class A | 152,500 | 127 |
| | LB Group Co. Ltd. Class A | 60,100 | 127 |
| | CGN Power Co. Ltd. Class A | 349,900 | 127 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 155,200 | 127 |
| * | CHN Energy Changyuan Electric Power Co. Ltd. Class A | 210,100 | 127 |
| | Health & Happiness H&H International Holdings Ltd. | 133,236 | 126 |
| | SooChow Securities Co. Ltd. Class A | 140,608 | 126 |
| 2 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 242,500 | 125 |
| | XCMG Construction Machinery Co. Ltd. Class A | 194,600 | 124 |
| | | Shares | Market
Value•
($000) |
| | Hunan Gold Corp. Ltd. Class A | 68,600 | 124 |
| | Henan Shenhuo Coal & Power Co. Ltd. Class A | 64,600 | 124 |
| * | Shanghai Electric Group Co. Ltd. Class A | 232,100 | 124 |
| | Lizhong Sitong Light Alloys Group Co. Ltd. | 32,498 | 124 |
| | Qingdao Gaoce Technology Co. Ltd. | 10,455 | 124 |
| | Hualan Biological Engineering Inc. Class A | 50,375 | 123 |
| | Western Securities Co. Ltd. Class A | 150,300 | 123 |
| | Asymchem Laboratories Tianjin Co. Ltd. Class A | 6,300 | 123 |
| | Ingenic Semiconductor Co. Ltd. Class A | 13,200 | 123 |
| | Hongfa Technology Co. Ltd. Class A | 25,900 | 122 |
| | Konfoong Materials International Co. Ltd. Class A | 10,100 | 122 |
| | Weihai Guangwei Composites Co. Ltd. Class A | 11,440 | 122 |
| | Zhejiang Chint Electrics Co. Ltd. Class A | 35,100 | 122 |
| | Shanghai Dazhong Public Utilities Group Co. Ltd. Class A | 310,600 | 122 |
| | Kehua Data Co. Ltd. Class A | 20,800 | 122 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class A | 127,000 | 122 |
| | Lonking Holdings Ltd. | 877,000 | 121 |
| | West China Cement Ltd. | 1,334,000 | 121 |
| | Ningbo Sanxing Medical Electric Co. Ltd. Class A | 64,100 | 121 |
| 1 | Ming Yuan Cloud Group Holdings Ltd. | 263,000 | 121 |
| | Gemdale Corp. Class A | 111,700 | 120 |
| | Beijing Jingneng Clean Energy Co. Ltd. Class H | 646,000 | 120 |
| | Shenzhen Expressway Corp. Ltd. Class A | 106,900 | 120 |
| | Gemdale Properties & Investment Corp. Ltd. | 2,166,000 | 119 |
| | Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 48,800 | 119 |
| | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 43,340 | 119 |
| * | Sichuan Development Lomon Co. Ltd. Class A | 77,900 | 119 |
| | GCL Energy Technology Co. Ltd. | 63,900 | 119 |
| | Shanghai Industrial Urban Development Group Ltd. | 2,083,200 | 118 |
| | | Shares | Market
Value•
($000) |
| | China Baoan Group Co. Ltd. Class A | 74,500 | 118 |
| * | China Express Airlines Co. Ltd. Class A | 81,473 | 118 |
| * | Zhihu Inc. ADR | 119,114 | 118 |
| * | Youngy Co. Ltd. Class A | 7,800 | 118 |
| | Yunnan Botanee Bio-Technology Group Co. Ltd. Class A | 6,000 | 118 |
| | Wencan Group Co. Ltd. | 12,900 | 118 |
| | Hisense Home Appliances Group Co. Ltd. Class H | 141,000 | 117 |
| | Inspur Electronic Information Industry Co. Ltd. Class A | 36,912 | 117 |
| | Shenzhen Overseas Chinese Town Co. Ltd. Class A | 201,900 | 117 |
| | CECEP Solar Energy Co. Ltd. Class A | 125,590 | 117 |
| | Shenzhen Senior Technology Material Co. Ltd. Class A | 46,113 | 117 |
| 3 | Shimao Group Holdings Ltd. | 608,000 | 116 |
| | TCL Electronics Holdings Ltd. | 304,333 | 116 |
| | Yintai Gold Co. Ltd. Class A | 58,660 | 116 |
| | Sinoma Science & Technology Co. Ltd. Class A | 47,400 | 116 |
| | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 11,200 | 116 |
| | Hubei Feilihua Quartz Glass Co. Ltd. Class A | 12,600 | 116 |
| | Xiamen C & D Inc. Class A | 70,200 | 116 |
| | Haohua Chemical Science & Technology Co. Ltd. Class A | 19,700 | 116 |
| | Jason Furniture Hangzhou Co. Ltd. Class A | 27,880 | 116 |
| *,2,3 | Evergrande Property Services Group Ltd. | 1,823,000 | 116 |
| | Zhejiang Orient Gene Biotech Co. Ltd. Class A | 10,227 | 116 |
| | Beijing New Building Materials plc Class A | 42,100 | 115 |
| | GRG Banking Equipment Co. Ltd. Class A | 88,897 | 115 |
| | Hunan TV & Broadcast Intermediary Co. Ltd. Class A | 178,300 | 115 |
| | Longshine Technology Group Co. Ltd. Class A | 32,400 | 115 |
| | Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 67,100 | 114 |
| * | Hainan Development Holdings Nanhai Co. Ltd. Class A | 85,000 | 114 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | AECC Aero-Engine Control Co. Ltd. Class A | 27,500 | 113 |
| 1,2 | Hope Education Group Co. Ltd. | 1,832,000 | 113 |
| | Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 6,700 | 113 |
| | Tianshan Aluminum Group Co. Ltd. Class A | 131,700 | 113 |
| | Shanghai Zhonggu Logistics Co. Ltd. | 61,800 | 113 |
| | PhiChem Corp. Class A | 48,000 | 112 |
| | Fu Jian Anjoy Foods Co. Ltd. Class A | 6,100 | 112 |
| | China International Capital Corp. Ltd. Class A | 23,500 | 112 |
| | Guangxi Liugong Machinery Co. Ltd. Class A | 139,200 | 111 |
| | Guangdong HEC Technology Holding Co. Ltd. Class A | 87,200 | 111 |
| | Tibet Cheezheng Tibetan Medicine Co. Ltd. Class A | 34,176 | 111 |
| * | Inner Mongolia Xingye Mining Co. Ltd. Class A | 141,000 | 111 |
| | Dongguan Development Holdings Co. Ltd. Class A | 92,200 | 111 |
| | Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A | 15,600 | 111 |
| | Luoyang Xinqianglian Slewing Bearing Co. Ltd. Class A | 11,560 | 111 |
| * | Seazen Holdings Co. Ltd. Class A | 60,900 | 110 |
| 2 | Orient Securities Co. Ltd. Class H | 296,000 | 110 |
| * | Jilin Electric Power Co. Ltd. Class A | 135,100 | 110 |
| * | Lingyi iTech Guangdong Co. Class A | 169,000 | 110 |
| | Zhejiang Weixing New Building Materials Co. Ltd. Class A | 46,100 | 110 |
| | Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 127,300 | 110 |
| | Tofflon Science & Technology Group Co. Ltd. Class A | 28,400 | 110 |
| *,1 | Li Auto Inc. Class A | 15,983 | 110 |
| | Anhui Jiangnan Chemical Industry Co. Ltd. Class A | 167,000 | 110 |
| 1 | Agile Group Holdings Ltd. | 575,500 | 109 |
| | Sichuan Yahua Industrial Group Co. Ltd. Class A | 29,700 | 109 |
| | Sichuan Expressway Co. Ltd. Class A | 215,200 | 109 |
| | Huafa Industrial Co. Ltd. Zhuhai Class A | 93,200 | 109 |
| | Maanshan Iron & Steel Co. Ltd. Class H | 674,000 | 108 |
| | | Shares | Market
Value•
($000) |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class B | 59,100 | 108 |
| | First Capital Securities Co. Ltd. Class A | 141,900 | 108 |
| | Joinn Laboratories China Co. Ltd. Class A | 13,804 | 108 |
| | Shanghai Friendess Electronic Technology Corp. Ltd. Class A | 3,830 | 108 |
| *,1 | Gome Electrical Appliances Holdings Ltd. | 6,542,720 | 107 |
| | Zhejiang Meida Industrial Co. Ltd. Class A | 77,500 | 107 |
| | Shengyi Technology Co. Ltd. Class A | 56,300 | 107 |
| | Beijing Jingyuntong Technology Co. Ltd. Class A | 108,400 | 107 |
| | Xinxiang Chemical Fiber Co. Ltd. Class A | 253,000 | 107 |
| * | Fangda Carbon New Material Co. Ltd. Class A | 128,935 | 106 |
| | Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A | 90,000 | 106 |
| | Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 21,700 | 106 |
| *,3 | China Dili Group | 1,288,303 | 106 |
| | Dong-E-E-Jiao Co. Ltd. Class A | 20,500 | 105 |
| | Heilongjiang Agriculture Co. Ltd. Class A | 55,600 | 105 |
| | Shenzhen SED Industry Co. Ltd. Class A | 36,000 | 105 |
| | Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A | 59,110 | 104 |
| | Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A | 107,100 | 104 |
| | Beijing Shiji Information Technology Co. Ltd. Class A | 59,864 | 104 |
| * | Amlogic Shanghai Co. Ltd. Class A | 13,191 | 104 |
| | Han's Laser Technology Industry Group Co. Ltd. Class A | 29,697 | 103 |
| * | An Hui Wenergy Co. Ltd. Class A | 162,200 | 103 |
| | Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 29,600 | 103 |
| | Shanghai Bairun Investment Holding Group Co. Ltd. Class A | 24,500 | 103 |
| | Sichuan Swellfun Co. Ltd. Class A | 13,300 | 103 |
| | Tianjin Guangyu Development Co. Ltd. Class A | 57,100 | 103 |
| * | Roshow Technology Co. Ltd. Class A | 72,900 | 103 |
| | | Shares | Market
Value•
($000) |
| *,2 | Mobvista Inc. | 200,000 | 103 |
| * | Shandong Chenming Paper Holdings Ltd. Class H | 360,750 | 102 |
| 1 | Tian Lun Gas Holdings Ltd. | 285,500 | 102 |
| | Songcheng Performance Development Co. Ltd. Class A | 64,640 | 102 |
| | Sinocare Inc. Class A | 19,800 | 102 |
| | IKD Co. Ltd. Class A | 39,200 | 102 |
| | Sichuan Shuangma Cement Co. Ltd. Class A | 37,000 | 102 |
| | Huaibei Mining Holdings Co. Ltd. Class A | 57,100 | 102 |
| | Shui On Land Ltd. | 1,104,500 | 101 |
| | Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | 34,810 | 101 |
| | Yantai Jereh Oilfield Services Group Co. Ltd. Class A | 24,500 | 101 |
| | China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 41,200 | 101 |
| | Angel Yeast Co. Ltd. Class A | 20,300 | 101 |
| * | Skshu Paint Co. Ltd. Class A | 8,400 | 100 |
| | Apeloa Pharmaceutical Co. Ltd. Class A | 35,000 | 100 |
| | Nanjing Securities Co. Ltd. Class A | 91,700 | 100 |
| | Ningxia Baofeng Energy Group Co. Ltd. Class A | 63,700 | 100 |
| | Avary Holding Shenzhen Co. Ltd. Class A | 24,400 | 100 |
| | Youngor Group Co. Ltd. Class A | 122,100 | 100 |
| | Tibet Rhodiola Pharmaceutical Holding Co. Class A | 19,500 | 100 |
| | Titan Wind Energy Suzhou Co. Ltd. Class A | 61,500 | 99 |
| | AVICOPTER plc Class A | 16,400 | 99 |
| | Beijing GeoEnviron Engineering & Technology Inc. Class A | 76,908 | 99 |
| | Jiangsu Linyang Energy Co. Ltd. Class A | 97,800 | 99 |
| * | Hubei Yihua Chemical Industry Co. Ltd. Class A | 51,400 | 99 |
| | Western Mining Co. Ltd. Class A | 76,100 | 99 |
| | Rongsheng Petrochemical Co. Ltd. Class A | 66,900 | 98 |
| | Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A | 23,000 | 98 |
| | Yangzhou Yangjie Electronic Technology Co. Ltd. Class A | 13,900 | 98 |
| * | Sichuan New Energy Power Co. Ltd. | 38,000 | 98 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Kangji Medical Holdings Ltd. | 120,500 | 97 |
| | Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A | 48,800 | 97 |
| | Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 403,700 | 97 |
| 1,2 | China East Education Holdings Ltd. | 306,500 | 97 |
| | Changjiang Securities Co. Ltd. Class A | 135,520 | 97 |
| | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A | 110,100 | 97 |
| | Ovctek China Inc. Class A | 23,797 | 97 |
| | Jointown Pharmaceutical Group Co. Ltd. Class A | 56,200 | 97 |
| | Tongkun Group Co. Ltd. Class A | 58,000 | 97 |
| * | I-Mab ADR | 26,249 | 97 |
| | Jiangsu Azure Corp. Class A | 47,400 | 97 |
| | Shanghai Rural Commercial Bank Co. Ltd. | 133,500 | 97 |
| | Dongxing Securities Co. Ltd. Class A | 89,900 | 96 |
| | Weifu High-Technology Group Co. Ltd. Class A | 40,800 | 96 |
| | Hangjin Technology Co. Ltd. Class A | 23,800 | 96 |
| | Jiangsu Yangnong Chemical Co. Ltd. Class A | 7,600 | 96 |
| | Eastroc Beverage Group Co. Ltd. Class A | 4,500 | 96 |
| | KBC Corp. Ltd. Class A | 2,838 | 96 |
| *,3 | China Zhongwang Holdings Ltd. | 442,800 | 95 |
| | Shenzhen Topband Co. Ltd. Class A | 61,300 | 95 |
| 2 | Joinn Laboratories China Co. Ltd. Class H | 29,260 | 95 |
| | Fujian Sunner Development Co. Ltd. Class A | 31,200 | 94 |
| | Luxi Chemical Group Co. Ltd. Class A | 60,000 | 94 |
| | Shenzhen Kstar Science And Technology Co. Ltd. Class A | 13,700 | 94 |
| * | Feitian Technologies Co. Ltd. Class A | 63,700 | 94 |
| | China Construction Bank Corp. Class A | 128,500 | 94 |
| | Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. Class A | 176,900 | 94 |
| | Sailun Group Co. Ltd. Class A | 79,000 | 94 |
| | Hexing Electrical Co. Ltd. Class A | 39,100 | 94 |
| | | Shares | Market
Value•
($000) |
| 1 | Guangzhou R&F Properties Co. Ltd. Class H | 678,600 | 93 |
| | Fujian Funeng Co. Ltd. Class A | 63,265 | 93 |
| | Zhejiang Yongtai Technology Co. Ltd. Class A | 30,900 | 93 |
| * | Zhejiang Century Huatong Group Co. Ltd. Class A | 182,300 | 93 |
| * | Kaishan Group Co. Ltd. Class A | 40,700 | 93 |
| | Beijing Cisri-Gaona Materials & Technology Co. Ltd. Class A | 12,700 | 93 |
| | Guangzhou Great Power Energy & Technology Co. Ltd. Class A | 10,700 | 93 |
| | Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. Class A | 5,900 | 93 |
| | COSCO SHIPPING Development Co. Ltd. Class H | 793,000 | 92 |
| | Jiangsu Yoke Technology Co. Ltd. Class A | 11,400 | 92 |
| | China Kepei Education Group Ltd. | 376,000 | 92 |
| | Guizhou Panjiang Refined Coal Co. Ltd. Class A | 100,400 | 92 |
| * | Shanghai Electric Power Co. Ltd. Class A | 73,300 | 92 |
| | Jiangsu Nata Opto-electronic Material Co. Ltd. Class A | 20,540 | 92 |
| *,2 | Yidu Tech Inc. | 181,300 | 92 |
| * | CMGE Technology Group Ltd. | 590,000 | 92 |
| | China Lilang Ltd. | 210,000 | 91 |
| | Do-Fluoride New Materials Co. Ltd. Class A | 21,300 | 91 |
| * | Risen Energy Co. Ltd. Class A | 26,900 | 91 |
| | China Shineway Pharmaceutical Group Ltd. | 150,000 | 90 |
| | Jafron Biomedical Co. Ltd. Class A | 20,770 | 90 |
| | Shenghe Resources Holding Co. Ltd. Class A | 49,000 | 90 |
| | Xi'an Triangle Defense Co. Ltd. Class A | 14,100 | 90 |
| | Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 238,800 | 90 |
| * | Ningbo Joyson Electronic Corp. Class A | 42,800 | 90 |
| | China CAMC Engineering Co. Ltd. Class A | 84,700 | 89 |
| | Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 32,000 | 89 |
| | | Shares | Market
Value•
($000) |
| | Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A | 27,300 | 89 |
| | Hunan Zhongke Electric Co. Ltd. Class A | 33,600 | 89 |
| | NavInfo Co. Ltd. Class A | 54,100 | 88 |
| | By-health Co. Ltd. Class A | 36,600 | 88 |
| | Shanghai Pret Composites Co. Ltd. Class A | 38,400 | 88 |
| *,1,2 | CStone Pharmaceuticals | 204,000 | 88 |
| | C&D Property Management Group Co. Ltd. | 235,000 | 88 |
| | Wuchan Zhongda Group Co. Ltd. Class A | 154,600 | 88 |
| * | Dada Nexus Ltd. ADR | 28,059 | 87 |
| | Shanxi Taigang Stainless Steel Co. Ltd. Class A | 160,200 | 87 |
| | Daan Gene Co. Ltd. Class A | 35,360 | 87 |
| | Jiangsu Guotai International Group Co. Ltd. Class A | 78,800 | 87 |
| | Hangzhou Oxygen Plant Group Co. Ltd. Class A | 15,100 | 87 |
| | CNOOC Energy Technology & Services Ltd. Class A | 221,900 | 87 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 23,500 | 87 |
| *,2 | Ocumension Therapeutics | 94,000 | 87 |
| | Beijing Huafeng Test & Control Technology Co. Ltd. Class A | 2,402 | 87 |
| | Hangzhou Robam Appliances Co. Ltd. Class A | 30,600 | 86 |
| | Hefei Meiya Optoelectronic Technology Inc. Class A | 26,260 | 86 |
| | Tianma Microelectronics Co. Ltd. Class A | 71,200 | 86 |
| * | China Railway Materials Co. Class A | 244,900 | 86 |
| | China Foods Ltd. | 332,000 | 85 |
| | Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 138,200 | 85 |
| | Xiamen ITG Group Corp. Ltd. Class A | 100,000 | 85 |
| | Shandong Sun Paper Industry JSC Ltd. Class A | 58,800 | 85 |
| | Sinofibers Technology Co. Ltd. Class A | 11,200 | 85 |
| | Bank of Changsha Co. Ltd. Class A | 96,300 | 85 |
| | Anhui Expressway Co. Ltd. Class A | 92,100 | 85 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Kingfa Sci & Tech Co. Ltd. Class A | 62,900 | 84 |
| | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 13,000 | 84 |
| | G-bits Network Technology Xiamen Co. Ltd. Class A | 2,400 | 84 |
| * | Jiangsu Akcome Science & Technology Co. Ltd. Class A | 200,800 | 84 |
| * | Asia - Potash International Investment Guangzhou Co. Ltd. Class A | 24,200 | 84 |
| | Sinopec Kantons Holdings Ltd. | 308,000 | 83 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class B | 129,300 | 83 |
| * | Harbin Electric Co. Ltd. Class H | 246,000 | 83 |
| * | FIH Mobile Ltd. | 1,002,000 | 82 |
| | LianChuang Electronic Technology Co. Ltd. Class A | 44,500 | 82 |
| | CSG Holding Co. Ltd. Class A | 86,700 | 82 |
| * | Yuan Longping High-tech Agriculture Co. Ltd. Class A | 41,400 | 82 |
| | Sealand Securities Co. Ltd. Class A | 182,770 | 82 |
| | Shenzhen Energy Group Co. Ltd. Class A | 104,400 | 82 |
| * | GCL System Integration Technology Co. Ltd. Class A | 181,900 | 82 |
| 1,2 | Midea Real Estate Holding Ltd. | 117,800 | 82 |
| | Chongqing Water Group Co. Ltd. Class A | 117,945 | 82 |
| | Raytron Technology Co. Ltd. Class A | 12,578 | 82 |
| | Guangzhou GRG Metrology & Test Co. Ltd. Class A | 34,965 | 82 |
| | Zhejiang China Commodities City Group Co. Ltd. Class A | 143,100 | 82 |
| | Qingdao TGOOD Electric Co. Ltd. Class A | 39,200 | 81 |
| | Beijing Yanjing Brewery Co. Ltd. Class A | 68,900 | 81 |
| | Digital China Group Co. Ltd. Class A | 22,200 | 81 |
| | Winall Hi-Tech Seed Co. Ltd. Class A | 39,750 | 81 |
| | Inner Mongolia Eerduosi Resources Co. Ltd. Class A | 42,280 | 81 |
| * | Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A | 190,700 | 80 |
| | Shanxi Blue Flame Holding Co. Ltd. Class A | 69,300 | 80 |
| | | Shares | Market
Value•
($000) |
| | Humanwell Healthcare Group Co. Ltd. Class A | 29,000 | 80 |
| | Fangda Special Steel Technology Co. Ltd. Class A | 102,800 | 80 |
| | Qingdao Haier Biomedical Co. Ltd. Class A | 7,538 | 80 |
| 2 | China Renaissance Holdings Ltd. | 105,800 | 80 |
| | Shandong Shida Shenghua Chemical Group Co. Ltd. Class A | 6,000 | 80 |
| | Unisplendour Corp. Ltd. Class A | 33,740 | 79 |
| | Zhejiang Weiming Environment Protection Co. Ltd. Class A | 30,680 | 79 |
| * | Hi Sun Technology China Ltd. | 792,000 | 79 |
| * | Siasun Robot & Automation Co. Ltd. Class A | 64,400 | 79 |
| | Southwest Securities Co. Ltd. Class A | 155,100 | 79 |
| | BOC International China Co. Ltd. Class A | 54,800 | 79 |
| * | Tuya Inc. ADR | 88,552 | 79 |
| | Beijing Roborock Technology Co. Ltd. Class A | 2,436 | 79 |
| | Shanghai Medicilon Inc. Class A | 2,605 | 79 |
| | Jiangyin Hengrun Heavy Industries Co. Ltd. Class A | 21,200 | 79 |
| | Shenzhen Desay Battery Technology Co. Class A | 11,455 | 78 |
| | Hesteel Co. Ltd. Class A | 263,800 | 78 |
| | Eternal Asia Supply Chain Management Ltd. Class A | 108,900 | 78 |
| | Sangfor Technologies Inc. Class A | 4,500 | 78 |
| | Shanghai Fullhan Microelectronics Co. Ltd. Class A | 11,020 | 78 |
| | Hunan Valin Steel Co. Ltd. Class A | 141,000 | 77 |
| | Anhui Anke Biotechnology Group Co. Ltd. Class A | 57,000 | 77 |
| | Chengdu Xingrong Environment Co. Ltd. Class A | 116,800 | 77 |
| | Shenzhen H&T Intelligent Control Co. Ltd. Class A | 38,100 | 77 |
| | Vats Liquor Chain Store Management JSC Ltd. | 25,800 | 77 |
| | Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 48,000 | 77 |
| | Grandblue Environment Co. Ltd. Class A | 31,200 | 77 |
| | | Shares | Market
Value•
($000) |
| | Shenzhen Changhong Technology Co. Ltd. Class A | 29,400 | 77 |
| | Chengdu Leejun Industrial Co. Ltd. Class A | 84,700 | 77 |
| * | Jointo Energy Investment Co. Ltd. Hebei Class A | 108,700 | 76 |
| | Shenzhen Kedali Industry Co. Ltd. Class A | 6,000 | 76 |
| | Riyue Heavy Industry Co. Ltd. Class A | 25,200 | 76 |
| | Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A | 20,400 | 76 |
| | Wolong Electric Group Co. Ltd. Class A | 44,500 | 76 |
| | Shenzhen Sunlord Electronics Co. Ltd. Class A | 25,500 | 75 |
| | Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 142,900 | 75 |
| | China Merchants Property Operation & Service Co. Ltd. Class A | 40,430 | 75 |
| | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 33,614 | 75 |
| | Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 36,540 | 75 |
| �� | Shanghai Wanye Enterprises Co. Ltd. Class A | 29,128 | 75 |
| * | Chifeng Jilong Gold Mining Co. Ltd. Class A | 28,900 | 75 |
| * | HUYA Inc. ADR | 39,330 | 74 |
| | Anhui Expressway Co. Ltd. Class H | 116,000 | 74 |
| | First Tractor Co. Ltd. Class H | 184,000 | 74 |
| | DHC Software Co. Ltd. Class A | 87,269 | 74 |
| * | STO Express Co. Ltd. Class A | 48,400 | 74 |
| | China Tianying Inc. Class A | 112,100 | 74 |
| | Huafon Chemical Co. Ltd. Class A | 81,100 | 74 |
| | China World Trade Center Co. Ltd. Class A | 39,900 | 74 |
| | Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 45,700 | 74 |
| * | Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 18,657 | 73 |
| | Comba Telecom Systems Holdings Ltd. | 522,039 | 73 |
| *,1,2 | Redco Properties Group Ltd. | 342,000 | 73 |
| * | China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. Class A | 119,700 | 73 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Haisco Pharmaceutical Group Co. Ltd. Class A | 23,700 | 73 |
| | Winning Health Technology Group Co. Ltd. Class A | 54,600 | 73 |
| | Offshore Oil Engineering Co. Ltd. Class A | 112,800 | 73 |
| | BTG Hotels Group Co. Ltd. Class A | 24,600 | 73 |
| | Eastern Communications Co. Ltd. Class B | 175,800 | 72 |
| | Hubei Energy Group Co. Ltd. Class A | 126,000 | 72 |
| | Wanxiang Qianchao Co. Ltd. Class A | 105,400 | 72 |
| | Shenzhen YUTO Packaging Technology Co. Ltd. Class A | 16,100 | 72 |
| | Anhui Honglu Steel Construction Group Co. Ltd. Class A | 15,470 | 72 |
| | Zhuzhou Kibing Group Co. Ltd. Class A | 67,200 | 72 |
| | Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 19,700 | 72 |
| | Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 75,500 | 72 |
| | QuakeSafe Technologies Co. Ltd. Class A | 12,359 | 72 |
| *,2 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 127,600 | 71 |
| * | Guangdong Create Century Intelligent Equipment Group Corp. Ltd. Class A | 49,700 | 71 |
| | Addsino Co. Ltd. Class A | 49,300 | 71 |
| * | Jiangxi Zhengbang Technology Co. Ltd. Class A | 147,700 | 71 |
| | Milkyway Chemical Supply Chain Service Co. Ltd. Class A | 4,500 | 71 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class A | 149,400 | 71 |
| | CanSino Biologics Inc. Class A | 2,713 | 71 |
| | Bank of Guiyang Co. Ltd. Class A | 99,500 | 71 |
| | Shenzhen Tagen Group Co. Ltd. Class A | 99,100 | 70 |
| | YGSOFT Inc. Class A | 76,752 | 70 |
| | Zhefu Holding Group Co. Ltd. Class A | 130,600 | 70 |
| | Shanghai Lingang Holdings Corp. Ltd. Class A | 44,400 | 70 |
| | Guangxi Guiguan Electric Power Co. Ltd. Class A | 81,800 | 70 |
| * | DouYu International Holdings Ltd. ADR | 68,817 | 69 |
| | | Shares | Market
Value•
($000) |
| | Shenzhen Kaifa Technology Co. Ltd. Class A | 43,700 | 69 |
| * | Hang Zhou Great Star Industrial Co. Ltd. Class A | 26,200 | 69 |
| * | Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 74,500 | 69 |
| | Guangdong Kinlong Hardware Products Co. Ltd. Class A | 6,300 | 69 |
| * | INKON Life Technology Co. Ltd. Class A | 49,900 | 69 |
| | Goke Microelectronics Co. Ltd. Class A | 6,700 | 69 |
| *,1,3 | Fire Rock Holdings Ltd. | 968,000 | 69 |
| | Chacha Food Co. Ltd. Class A | 11,200 | 68 |
| * | China Zheshang Bank Co. Ltd. Class A | 179,900 | 68 |
| | Zhejiang Cfmoto Power Co. Ltd. Class A | 3,700 | 68 |
| | CNGR Advanced Material Co. Ltd. Class A | 6,900 | 68 |
| * | LexinFintech Holdings Ltd. ADR | 49,470 | 67 |
| | Consun Pharmaceutical Group Ltd. | 178,000 | 67 |
| | Xinyu Iron & Steel Co. Ltd. Class A | 136,500 | 67 |
| | Guangzhou Haige Communications Group Inc. Co. Class A | 57,400 | 67 |
| | Hubei Dinglong Co. Ltd. Class A | 23,400 | 67 |
| | Perfect World Co. Ltd. Class A | 42,950 | 67 |
| * | Guocheng Mining Co. Ltd. Class A | 30,854 | 67 |
| * | Guosheng Financial Holding Inc. Class A | 65,600 | 67 |
| | Zhejiang Dingli Machinery Co. Ltd. Class A | 10,934 | 67 |
| | Shanghai Shibei Hi-Tech Co. Ltd. Class B | 264,488 | 66 |
| | Sinofert Holdings Ltd. | 668,000 | 66 |
| | Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A | 71,400 | 66 |
| | Yunnan Tin Co. Ltd. Class A | 42,400 | 66 |
| * | TongFu Microelectronics Co. Ltd. Class A | 25,700 | 66 |
| | SPIC Dongfang New Energy Corp. Class A | 117,800 | 66 |
| | Wuhan Jingce Electronic Group Co. Ltd. Class A | 9,400 | 66 |
| | PharmaBlock Sciences Nanjing Inc. Class A | 5,460 | 66 |
| | Black Peony Group Co. Ltd. Class A | 67,000 | 66 |
| | Shaanxi Construction Engineering Group Corp. Ltd. Class A | 117,900 | 66 |
| | | Shares | Market
Value•
($000) |
| | Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A | 60,800 | 66 |
| * | Gaotu Techedu Inc. ADR | 98,181 | 65 |
| *,3 | China Aoyuan Group Ltd. | 574,000 | 65 |
| | Nanjing Iron & Steel Co. Ltd. Class A | 154,100 | 65 |
| | Oppein Home Group Inc. Class A | 5,800 | 65 |
| | Shanghai Haixin Group Co. Class B | 210,800 | 65 |
| | Zhejiang Crystal-Optech Co. Ltd. Class A | 39,500 | 65 |
| * | Hytera Communications Corp. Ltd. Class A | 90,200 | 65 |
| | Beijing Enlight Media Co. Ltd. Class A | 70,600 | 65 |
| | China International Marine Containers Group Co. Ltd. Class A | 70,800 | 65 |
| | Chongqing Fuling Zhacai Group Co. Ltd. Class A | 21,000 | 65 |
| | Guangdong Hongda Blasting Co. Ltd. Class A | 17,500 | 65 |
| | China Meheco Co. Ltd. Class A | 37,800 | 65 |
| | Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 41,800 | 65 |
| | Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 22,300 | 65 |
| | Zhejiang HangKe Technology Inc. Co. Class A | 9,491 | 65 |
| | Shanghai Mechanical and Electrical Industry Co. Ltd. Class B | 61,773 | 64 |
| | Laobaixing Pharmacy Chain JSC Class A | 13,286 | 64 |
| | Yunnan Copper Co. Ltd. Class A | 42,400 | 64 |
| | China Great Wall Securities Co. Ltd. Class A | 57,800 | 64 |
| | Shandong Pharmaceutical Glass Co. Ltd. Class A | 17,000 | 64 |
| | Universal Scientific Industrial Shanghai Co. Ltd. Class A | 26,800 | 64 |
| | Shandong Hi-speed Co. Ltd. Class A | 85,500 | 64 |
| | Shenzhen Gas Corp. Ltd. Class A | 71,700 | 64 |
| | Wuxi NCE Power Co. Ltd. Class A | 5,740 | 64 |
| | Newland Digital Technology Co. Ltd. Class A | 33,399 | 63 |
| | AVIC Industry-Finance Holdings Co. Ltd. Class A | 151,600 | 63 |
| | Sinoma International Engineering Co. Class A | 53,400 | 63 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 37,100 | 63 |
| | Huaxin Cement Co. Ltd. Class H | 72,700 | 63 |
| | Quectel Wireless Solutions Co. Ltd. Class A | 4,394 | 62 |
| * | Zhuguang Holdings Group Co. Ltd. | 762,000 | 62 |
| | Dazhong Transportation Group Co. Ltd. Class B | 264,350 | 62 |
| | Shandong Denghai Seeds Co. Ltd. Class A | 21,800 | 62 |
| | Xuji Electric Co. Ltd. Class A | 25,200 | 62 |
| * | Beijing Jetsen Technology Co. Ltd. Class A | 102,600 | 62 |
| | Anhui Zhongding Sealing Parts Co. Ltd. Class A | 30,600 | 62 |
| | Shanxi Securities Co. Ltd. Class A | 87,770 | 62 |
| | Dongjiang Environmental Co. Ltd. Class A | 86,300 | 62 |
| | All Winner Technology Co. Ltd. Class A | 23,180 | 62 |
| | Jiangsu Jiejie Microelectronics Co. Ltd. Class A | 24,450 | 62 |
| * | Guangdong Electric Power Development Co. Ltd. Class B | 239,743 | 61 |
| * | China High Speed Transmission Equipment Group Co. Ltd. | 151,000 | 61 |
| | Sino-Ocean Group Holding Ltd. | 922,500 | 61 |
| | Shenzhen Huaqiang Industry Co. Ltd. Class A | 41,200 | 61 |
| | China West Construction Group Co. Ltd. Class A | 67,200 | 61 |
| | Jinneng Science&Technology Co. Ltd. Class A | 49,200 | 61 |
| | Zhongji Innolight Co. Ltd. Class A | 15,300 | 61 |
| | Sino-Platinum Metals Co. Ltd. Class A | 29,640 | 61 |
| | Central China Management Co. Ltd. | 880,000 | 61 |
| | CIFI Ever Sunshine Services Group Ltd. | 278,000 | 61 |
| * | Jiangsu Hoperun Software Co. Ltd. Class A | 22,200 | 60 |
| | Fujian Star-net Communication Co. Ltd. Class A | 20,600 | 60 |
| | Shenzhen Fastprint Circuit Tech Co. Ltd. Class A | 37,100 | 60 |
| | Boya Bio-pharmaceutical Group Co. Ltd. Class A | 14,600 | 60 |
| | Yunda Holding Co. Ltd. Class A | 33,146 | 60 |
| | | Shares | Market
Value•
($000) |
| | Bank of Chengdu Co. Ltd. Class A | 32,000 | 60 |
| | Shanghai Construction Group Co. Ltd. Class A | 170,500 | 60 |
| | Beijing North Star Co. Ltd. Class A | 238,800 | 60 |
| | Zhongtai Securities Co. Ltd. Class A | 69,100 | 60 |
| | Beijing BDStar Navigation Co. Ltd. Class A | 15,400 | 59 |
| | Lianhe Chemical Technology Co. Ltd. Class A | 22,800 | 59 |
| | Zhongshan Public Utilities Group Co. Ltd. Class A | 66,700 | 59 |
| | Suning Universal Co. Ltd. Class A | 142,700 | 59 |
| | B-Soft Co. Ltd. Class A | 50,960 | 59 |
| | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 6,597 | 59 |
| | Shennan Circuits Co. Ltd. Class A | 5,740 | 59 |
| | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A | 11,000 | 59 |
| 2 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 17,700 | 59 |
| | Shandong Linglong Tyre Co. Ltd. Class A | 26,400 | 59 |
| | Shandong Dongyue Organosilicon Material Co. Ltd. Class A | 34,600 | 59 |
| *,1,2 | Shimao Services Holdings Ltd. | �� 358,000 | 58 |
| * | OneConnect Financial Technology Co. Ltd. ADR | 91,998 | 58 |
| | Joyoung Co. Ltd. Class A | 29,337 | 58 |
| | Yotrio Group Co. Ltd. Class A | 127,800 | 58 |
| * | Holitech Technology Co. Ltd. Class A | 160,300 | 58 |
| | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A | 30,000 | 58 |
| * | Chengzhi Co. Ltd. Class A | 47,400 | 58 |
| * | Zibo Qixiang Tengda Chemical Co. Ltd. Class A | 61,740 | 58 |
| | Zhuzhou Hongda Electronics Corp. Ltd. Class A | 9,600 | 58 |
| * | Q Technology Group Co. Ltd. | 144,000 | 57 |
| | Shenzhen Laibao Hi-tech Co. Ltd. Class A | 53,800 | 57 |
| | Huagong Tech Co. Ltd. Class A | 24,900 | 57 |
| * | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A | 158,300 | 57 |
| | | Shares | Market
Value•
($000) |
| | Guangdong Golden Dragon Development Inc. Class A | 32,500 | 57 |
| | Nantong Jianghai Capacitor Co. Ltd. Class A | 16,400 | 57 |
| | Zhejiang Hailiang Co. Ltd. Class A | 36,000 | 57 |
| | Shanghai Tunnel Engineering Co. Ltd. Class A | 79,800 | 57 |
| * | Greattown Holdings Ltd. Class A | 131,500 | 57 |
| | State Grid Information & Communication Co. Ltd. Class A | 27,900 | 57 |
| | Guangdong Dowstone Technology Co. Ltd. Class A | 29,000 | 57 |
| | Anhui Jinhe Industrial Co. Ltd. Class A | 12,400 | 56 |
| | Nanjing Hanrui Cobalt Co. Ltd. Class A | 10,200 | 56 |
| | CNSIG Inner Mongolia Chemical Industry Co. Ltd. | 30,100 | 56 |
| | Guangdong Tapai Group Co. Ltd. Class A | 59,300 | 55 |
| | Beijing Shunxin Agriculture Co. Ltd. Class A | 19,699 | 55 |
| | Wuhu Token Science Co. Ltd. Class A | 64,400 | 55 |
| | Shenzhen Sunway Communication Co. Ltd. Class A | 23,700 | 55 |
| | North Industries Group Red Arrow Co. Ltd. Class A | 19,400 | 55 |
| * | Shenzhen Everwin Precision Technology Co. Ltd. Class A | 34,080 | 55 |
| | China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 52,800 | 55 |
| 2 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class H | 87,500 | 55 |
| | Chengtun Mining Group Co. Ltd. Class A | 71,700 | 55 |
| | Guangzhou Wondfo Biotech Co. Ltd. Class A | 13,130 | 54 |
| | Huangshan Tourism Development Co. Ltd. Class B | 77,426 | 54 |
| | WUS Printed Circuit Kunshan Co. Ltd. Class A | 36,080 | 54 |
| | Beijing Originwater Technology Co. Ltd. Class A | 84,279 | 54 |
| | Sanquan Food Co. Ltd. Class A | 28,160 | 54 |
| | Eoptolink Technology Inc. Ltd Class A | 15,262 | 54 |
| | Fibocom Wireless Inc. Class A | 21,165 | 54 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| 2 | Sunac Services Holdings Ltd. | 304,055 | 54 |
| | Guolian Securities Co. Ltd. Class A | 42,200 | 54 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 43,500 | 54 |
| | Anji Microelectronics Technology Shanghai Co. Ltd. Class A | 1,771 | 54 |
| * | Shenzhen MTC Co. Ltd. Class A | 111,700 | 53 |
| | Beijing SL Pharmaceutical Co. Ltd. Class A | 46,500 | 53 |
| | FAW Jiefang Group Co. Ltd. Class A | 55,600 | 53 |
| | Wasu Media Holding Co. Ltd. Class A | 56,761 | 53 |
| | East Group Co. Ltd. Class A | 55,600 | 53 |
| | Hengyi Petrochemical Co. Ltd. Class A | 58,000 | 53 |
| | Chinese Universe Publishing and Media Group Co. Ltd. Class A | 44,900 | 53 |
| * | Guangdong Electric Power Development Co. Ltd. Class A | 89,200 | 53 |
| | COFCO Biotechnology Co. Ltd. Class A | 46,600 | 52 |
| | Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 27,200 | 52 |
| | Financial Street Holdings Co. Ltd. Class A | 81,700 | 52 |
| | Yixintang Pharmaceutical Group Co. Ltd. Class A | 13,700 | 52 |
| | MLS Co. Ltd. Class A | 45,400 | 52 |
| | SGIS Songshan Co. Ltd. Class A | 141,400 | 52 |
| | Jiangsu Provincial Agricultural Reclamation and Development Corp. | 30,100 | 52 |
| | Shenyang Xingqi Pharmaceutical Co. Ltd. Class A | 3,600 | 52 |
| | Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H | 33,250 | 51 |
| | Shenzhen Gongjin Electronics Co. Ltd. Class A | 41,300 | 51 |
| | Northeast Securities Co. Ltd. Class A | 58,700 | 51 |
| | Kunlun Tech Co. Ltd. Class A | 28,400 | 51 |
| | Xinjiang Tianshan Cement Co. Ltd. Class A | 47,800 | 51 |
| | Konka Group Co. Ltd. Class A | 75,700 | 51 |
| * | Lakala Payment Co. Ltd. Class A | 25,100 | 51 |
| | Intco Medical Technology Co. Ltd. Class A | 17,550 | 51 |
| | | Shares | Market
Value•
($000) |
| | Kwg Group Holdings Ltd. | 518,000 | 50 |
| *,1,2 | Viva Biotech Holdings | 330,000 | 50 |
| | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A | 21,700 | 50 |
| | Xiamen Kingdomway Group Co. Class A | 21,600 | 50 |
| | Beibuwan Port Co. Ltd. Class A | 51,700 | 50 |
| | Infore Environment Technology Group Co. Ltd. Class A | 78,200 | 50 |
| | Bank of Qingdao Co. Ltd. Class A | 118,500 | 50 |
| | COFCO Capital Holdings Co. Ltd. Class A | 62,300 | 50 |
| | Bafang Electric Suzhou Co. Ltd. Class A | 3,100 | 50 |
| | TangShan Port Group Co. Ltd. Class A | 145,900 | 50 |
| *,2 | China Yuhua Education Corp. Ltd. | 452,000 | 50 |
| | JNBY Design Ltd. | 63,000 | 50 |
| | Cangzhou Mingzhu Plastic Co. Ltd. Class A | 79,633 | 50 |
| * | EHang Holdings Ltd. ADR | 13,376 | 50 |
| | Xinyangfeng Agricultural Technology Co. Ltd. Class A | 32,200 | 49 |
| * | Shenzhen Infogem Technologies Co. Ltd. Class A | 36,900 | 49 |
| | Xinxing Ductile Iron Pipes Co. Ltd. Class A | 102,100 | 49 |
| | Leyard Optoelectronic Co. Ltd. Class A | 63,400 | 49 |
| | Topsec Technologies Group Inc. Class A | 31,400 | 49 |
| *,2 | Ascletis Pharma Inc. | 167,000 | 49 |
| | Jiangxi Wannianqing Cement Co. Ltd. Class A | 45,300 | 49 |
| * | ChemPartner PharmaTech Co. Ltd. Class A | 36,000 | 49 |
| | Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A | 46,318 | 49 |
| | Zhejiang Medicine Co. Ltd. Class A | 31,000 | 49 |
| * | Youdao Inc. ADR | 14,330 | 49 |
| | Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 78,700 | 49 |
| * | Sinopec Oilfield Service Corp. Class H | 806,000 | 48 |
| * | Montnets Cloud Technology Group Co. Ltd. Class A | 31,300 | 48 |
| | Dian Diagnostics Group Co. Ltd. Class A | 12,600 | 48 |
| | Taiji Computer Corp. Ltd. Class A | 13,019 | 48 |
| | Bluefocus Intelligent Communications Group Co. Ltd. Class A | 73,500 | 48 |
| | | Shares | Market
Value•
($000) |
| * | Genimous Technology Co. Ltd. Class A | 64,200 | 48 |
| * | Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 81,640 | 48 |
| * | Keshun Waterproof Technologies Co. Ltd. Class A | 36,180 | 48 |
| | Shanghai AJ Group Co. Ltd. Class A | 67,600 | 48 |
| | Beijing Capital Development Co. Ltd. Class A | 68,400 | 48 |
| | Shanghai Haohai Biological Technology Co. Ltd. Class A | 4,400 | 48 |
| | Shanxi Coking Co. Ltd. Class A | 65,390 | 48 |
| | Huali Industrial Group Co. Ltd. Class A | 8,600 | 48 |
| | Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A | 60,871 | 47 |
| | Telling Telecommunication Holding Co. Ltd. Class A | 38,600 | 47 |
| * | Zhongtian Financial Group Co. Ltd. Class A | 245,300 | 47 |
| * | Alpha Group Class A | 79,000 | 47 |
| | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 19,800 | 47 |
| | Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 16,000 | 47 |
| | Nanjing Yunhai Special Metals Co. Ltd. Class A | 18,300 | 47 |
| | Shenzhen Yinghe Technology Co. Ltd. Class A | 17,100 | 47 |
| | Huaxi Securities Co. Ltd. Class A | 47,000 | 47 |
| | Sai Micro Electronics Inc. Class A | 19,900 | 47 |
| * | Guangshen Railway Co. Ltd. Class A | 177,800 | 47 |
| | Fiberhome Telecommunication Technologies Co. Ltd. Class A | 24,800 | 47 |
| | Shanghai Belling Co. Ltd. Class A | 18,900 | 47 |
| * | Niu Technologies ADR | 17,804 | 47 |
| * | China Dongxiang Group Co. Ltd. | 1,565,000 | 46 |
| | Sansteel Minguang Co. Ltd. Fujian Class A | 79,600 | 46 |
| | Beijing E-Hualu Information Technology Co. Ltd. Class A | 20,228 | 46 |
| * | Grandjoy Holdings Group Co. Ltd. Class A | 107,100 | 46 |
| * | Bohai Leasing Co. Ltd. Class A | 154,100 | 46 |
| | Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 18,700 | 46 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Shanghai Environment Group Co. Ltd. Class A | 38,000 | 46 |
| | ZheJiang Dali Technology Co. Ltd. Class A | 24,720 | 46 |
| | Shanghai Liangxin Electrical Co. Ltd. Class A | 29,770 | 46 |
| | Shenzhen Fine Made Electronics Group Co. Ltd. Class A | 8,200 | 46 |
| 2 | Qingdao Port International Co. Ltd. Class H | 108,000 | 45 |
| | INESA Intelligent Tech Inc. Class B | 98,400 | 45 |
| * | Shandong Chenming Paper Holdings Ltd. Class B | 158,100 | 45 |
| * | Sichuan Haite High-tech Co. Ltd. Class A | 36,800 | 45 |
| | Xinjiang Zhongtai Chemical Co. Ltd. Class A | 56,300 | 45 |
| * | Yifan Pharmaceutical Co. Ltd. Class A | 30,300 | 45 |
| * | Beijing Orient National Communication Science & Technology Co. Ltd. Class A | 37,500 | 45 |
| * | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A | 51,900 | 45 |
| | Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 31,000 | 45 |
| | Victory Giant Technology Huizhou Co. Ltd. Class A | 24,200 | 45 |
| | Zheshang Securities Co. Ltd. Class A | 32,100 | 45 |
| 2 | Red Star Macalline Group Corp. Ltd. Class H | 176,455 | 45 |
| * | Guangshen Railway Co. Ltd. Class H | 336,000 | 44 |
| | China National Accord Medicines Corp. Ltd. Class B | 20,760 | 44 |
| * | Bank of Zhengzhou Co. Ltd. Class A | 140,965 | 44 |
| *,2 | Maoyan Entertainment | 75,600 | 44 |
| | Shenzhen Megmeet Electrical Co. Ltd. Class A | 12,500 | 44 |
| | Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A | 19,900 | 44 |
| * | Tongdao Liepin Group | 50,800 | 44 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class A | 105,100 | 44 |
| 2 | Medlive Technology Co. Ltd. | 50,500 | 44 |
| | Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 30,100 | 43 |
| | Hainan Strait Shipping Co. Ltd. Class A | 66,924 | 43 |
| | Valiant Co. Ltd. Class A | 22,500 | 43 |
| | | Shares | Market
Value•
($000) |
| * | Tibet Summit Resources Co. Ltd. Class A | 15,000 | 43 |
| | Juewei Food Co. Ltd. Class A | 6,600 | 43 |
| | Yusys Technologies Co. Ltd. Class A | 18,080 | 43 |
| | Qianhe Condiment and Food Co. Ltd. Class A | 20,016 | 43 |
| | China SCE Group Holdings Ltd. | 837,000 | 43 |
| | Shenzhen Kinwong Electronic Co. Ltd. Class A | 15,300 | 43 |
| | Yankershop Food Co. Ltd. Class A | 3,600 | 43 |
| | Bank of Chongqing Co. Ltd. Class A | 47,451 | 43 |
| | Lee's Pharmaceutical Holdings Ltd. | 241,347 | 42 |
| | Zhejiang Supor Co. Ltd. Class A | 7,595 | 42 |
| | Sonoscape Medical Corp. Class A | 5,400 | 42 |
| | Shenzhen Airport Co. Ltd. Class A | 48,400 | 42 |
| | DaShenLin Pharmaceutical Group Co. Ltd. Class A | 8,352 | 42 |
| | C&S Paper Co. Ltd. Class A | 32,400 | 42 |
| | Electric Connector Technology Co. Ltd. Class A | 8,300 | 42 |
| | Shanghai M&G Stationery Inc. Class A | 7,600 | 42 |
| | China Tungsten And Hightech Materials Co. Ltd. Class A | 21,100 | 42 |
| * | Zhejiang Qianjiang Motorcycle Co. Ltd. Class A | 16,000 | 42 |
| | China Harmony New Energy Auto Holding Ltd. | 365,000 | 41 |
| | NanJi E-Commerce Co. Ltd. Class A | 66,500 | 41 |
| | Suzhou Anjie Technology Co. Ltd. Class A | 23,400 | 41 |
| | Yantai Eddie Precision Machinery Co. Ltd. Class A | 20,860 | 41 |
| | Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A | 12,040 | 41 |
| | Shandong Dawn Polymer Co. Ltd. Class A | 17,200 | 41 |
| | Gansu Qilianshan Cement Group Co. Ltd. Class A | 31,200 | 41 |
| | Archermind Technology Nanjing Co. Ltd. Class A | 4,700 | 41 |
| * | Juneyao Airlines Co. Ltd. Class A | 21,400 | 40 |
| | CPMC Holdings Ltd. | 83,000 | 40 |
| | Accelink Technologies Co. Ltd. Class A | 17,300 | 40 |
| * | Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 66,600 | 40 |
| | | Shares | Market
Value•
($000) |
| | CNHTC Jinan Truck Co. Ltd. Class A | 25,900 | 40 |
| | Hangzhou Dptech Technologies Co. Ltd. Class A | 17,400 | 40 |
| | Tangshan Sanyou Chemical Industries Co. Ltd. Class A | 51,300 | 40 |
| | Hunan Aihua Group Co. Ltd. Class A | 12,000 | 40 |
| | GCI Science & Technology Co. Ltd. Class A | 13,400 | 39 |
| | ORG Technology Co. Ltd. Class A | 59,500 | 39 |
| | Wuxi Boton Technology Co. Ltd. Class A | 21,400 | 39 |
| | Sino Wealth Electronic Ltd. Class A | 9,075 | 39 |
| | 5I5J Holding Group Co. Ltd. Class A | 123,300 | 39 |
| | Guangzhou Restaurant Group Co. Ltd. Class A | 14,140 | 39 |
| | Hainan Poly Pharm Co. Ltd. Class A | 10,725 | 39 |
| | Bright Dairy & Food Co. Ltd. Class A | 30,100 | 39 |
| | Gree Real Estate Co. Ltd. Class A | 50,900 | 39 |
| | Southern Shuanglin Bio-pharmacy Co. Ltd. Class A | 15,600 | 39 |
| | Amoy Diagnostics Co. Ltd. Class A | 11,700 | 38 |
| * | Advanced Technology & Materials Co. Ltd. Class A | 34,600 | 38 |
| * | Leo Group Co. Ltd. Class A | 162,800 | 38 |
| * | OFILM Group Co. Ltd. Class A | 59,800 | 38 |
| | Skyworth Digital Co. Ltd. Class A | 18,500 | 38 |
| * | Tech-Bank Food Co. Ltd. Class A | 45,920 | 38 |
| | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class A | 6,300 | 38 |
| | Tian Di Science & Technology Co. Ltd. Class A | 56,611 | 38 |
| | Shanying International Holding Co. Ltd. Class A | 119,600 | 38 |
| | Shanghai Huayi Group Co. Ltd. Class B | 63,200 | 37 |
| | China South City Holdings Ltd. | 778,000 | 37 |
| | Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 8,900 | 37 |
| | Zhejiang Communications Technology Co. Ltd. | 52,600 | 37 |
| * | Markor International Home Furnishings Co. Ltd. Class A | 104,000 | 37 |
| | Luenmei Quantum Co. Ltd. Class A | 43,800 | 37 |
| | Shenzhen Jinjia Group Co. Ltd. Class A | 36,400 | 36 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Dare Power Dekor Home Co. Ltd. Class A | 33,800 | 36 |
| | Guangzhou Zhujiang Brewery Co. Ltd. Class A | 40,100 | 36 |
| * | Shenzhen Center Power Tech Co. Ltd. Class A | 14,000 | 36 |
| | People.cn Co. Ltd. Class A | 27,700 | 36 |
| | Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 71,630 | 36 |
| | First Tractor Co. Ltd. Class A | 24,600 | 36 |
| | Autohome Inc. Class A | 5,444 | 36 |
| | Ningbo Peacebird Fashion Co. Ltd. Class A | 16,600 | 36 |
| | Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 107,000 | 35 |
| * | Beijing Watertek Information Technology Co. Ltd. Class A | 80,700 | 35 |
| * | Shandong Chenming Paper Holdings Ltd. Class A | 53,600 | 35 |
| * | Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 20,900 | 35 |
| | CETC Digital Technology Co. Ltd. Class A | 11,960 | 35 |
| | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A | 21,498 | 35 |
| | ADAMA Ltd. Class A | 30,100 | 35 |
| | Road King Infrastructure Ltd. | 120,000 | 34 |
| | Sichuan Expressway Co. Ltd. Class H | 166,000 | 34 |
| | KWG Living Group Holdings Ltd. | 360,824 | 34 |
| | Ausnutria Dairy Corp. Ltd. | 72,000 | 34 |
| * | Zhejiang Narada Power Source Co. Ltd. Class A | 13,700 | 34 |
| | Zhejiang Yasha Decoration Co. Ltd. Class A | 58,400 | 34 |
| | Huafu Fashion Co. Ltd. Class A | 82,600 | 34 |
| | Beijing Tongtech Co. Ltd. Class A | 9,300 | 34 |
| | Chengdu Wintrue Holding Co. Ltd. Class A | 21,900 | 34 |
| | Anhui Kouzi Distillery Co. Ltd. Class A | 5,900 | 33 |
| | Maccura Biotechnology Co. Ltd. Class A | 12,500 | 33 |
| * | Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 116,700 | 33 |
| * | Shengda Resources Co. Ltd. Class A | 25,100 | 33 |
| | Shenzhen Sunline Tech Co. Ltd. Class A | 17,900 | 33 |
| | | Shares | Market
Value•
($000) |
| | CGN Nuclear Technology Development Co. Ltd. Class A | 32,400 | 33 |
| | Beijing Aosaikang Pharmaceutical Co. Ltd. Class A | 29,500 | 33 |
| | Edifier Technology Co. Ltd. Class A | 29,474 | 33 |
| | Zhongfu Information Inc. Class A | 9,900 | 33 |
| * | Jinke Properties Group Co. Ltd. Class A | 132,700 | 32 |
| * | Offcn Education Technology Co. Ltd. Class A | 53,900 | 32 |
| | Aerospace Hi-Tech Holdings Group Ltd. Class A | 27,157 | 32 |
| | Beijing Sanju Environmental Protection and New Material Co. Ltd. Class A | 58,600 | 32 |
| | Angang Steel Co. Ltd. Class A | 95,800 | 32 |
| | Shenzhen Leaguer Co. Ltd. Class A | 30,200 | 32 |
| * | Orient Group Inc. Class A | 92,500 | 32 |
| | Camel Group Co. Ltd. Class A | 26,910 | 32 |
| * | LVGEM China Real Estate Investment Co. Ltd. | 332,000 | 32 |
| *,2 | Archosaur Games Inc. | 111,000 | 32 |
| | Hubei Biocause Pharmaceutical Co. Ltd. Class A | 79,700 | 31 |
| | Beijing Sinnet Technology Co. Ltd. Class A | 26,100 | 31 |
| * | Ourpalm Co. Ltd. Class A | 77,300 | 31 |
| | Suzhou Good-Ark Electronics Co. Ltd. Class A | 17,800 | 31 |
| * | Sunward Intelligent Equipment Co. Ltd. Class A | 36,600 | 31 |
| | Betta Pharmaceuticals Co. Ltd. Class A | 4,900 | 31 |
| | Shanghai AtHub Co. Ltd. Class A | 8,540 | 31 |
| | Double Medical Technology Inc. Class A | 5,500 | 31 |
| | Bank of Suzhou Co. Ltd. Class A | 32,890 | 31 |
| | Bear Electric Appliance Co. Ltd. Class A | 4,000 | 31 |
| | Xinjiang Xintai Natural Gas Co. Ltd. Class A | 11,000 | 31 |
| | Suzhou TFC Optical Communication Co. Ltd. Class A | 7,900 | 31 |
| | Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 9,720 | 31 |
| | Qinhuangdao Port Co. Ltd. Class A | 86,400 | 31 |
| | Times China Holdings Ltd. | 480,000 | 30 |
| | | Shares | Market
Value•
($000) |
| *,1 | Yuzhou Group Holdings Co. Ltd. | 1,147,165 | 30 |
| | Guomai Technologies Inc. Class A | 27,800 | 30 |
| | Beijing SuperMap Software Co. Ltd. Class A | 11,700 | 30 |
| | Shanghai Yaoji Technology Co. Ltd. Class A | 16,400 | 30 |
| * | Huafon Microfibre Shanghai Technology Co. Ltd. Class T | 57,300 | 30 |
| | BGI Genomics Co. Ltd. Class A | 4,000 | 30 |
| | Red Star Macalline Group Corp. Ltd. Class A | 52,250 | 30 |
| | Sichuan Teway Food Group Co. Ltd. Class A | 7,800 | 30 |
| | Inmyshow Digital Technology Group Co. Ltd. Class A | 36,800 | 30 |
| | Shantui Construction Machinery Co. Ltd. Class A | 52,700 | 30 |
| | Qinghai Huzhu Tianyoude Class A | 16,600 | 30 |
| * | Chongqing Iron & Steel Co. Ltd. Class H | 378,000 | 29 |
| | Shandong Humon Smelting Co. Ltd. Class A | 23,000 | 29 |
| | Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 32,800 | 29 |
| | Guizhou Xinbang Pharmaceutical Co. Ltd. Class A | 41,500 | 29 |
| * | Zhejiang Wanliyang Co. Ltd. Class A | 28,300 | 29 |
| | IReader Technology Co. Ltd. Class A | 14,800 | 29 |
| * | Shanghai Shimao Co. Ltd. Class A | 95,800 | 29 |
| | City Development Environment Co. Ltd. Class A | 22,100 | 29 |
| | Guangdong Great River Smarter Logistics Co. Ltd. Class A | 9,800 | 29 |
| | Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A | 3,600 | 29 |
| | Suofeiya Home Collection Co. Ltd. Class A | 14,600 | 28 |
| * | Hebei Chengde Lolo Co. Class A | 27,440 | 28 |
| | Lier Chemical Co. Ltd. Class A | 11,340 | 28 |
| | Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 39,800 | 28 |
| * | Aotecar New Energy Technology Co. Ltd. Class A | 78,200 | 27 |
| | Wuxi Taiji Industry Co. Ltd. Class A | 36,200 | 27 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Gan & Lee Pharmaceuticals Co. Ltd. Class A | 5,611 | 27 |
| | Chongqing Zongshen Power Machinery Co. Ltd. Class A | 29,000 | 26 |
| * | Youzu Interactive Co. Ltd. Class A | 24,100 | 26 |
| | Xiamen Comfort Science & Technology Group Co. Ltd. Class A | 23,400 | 26 |
| | Anhui Genuine New Materials Co. Ltd. Class A | 17,360 | 26 |
| * | Talkweb Information System Co. Ltd. Class A | 25,500 | 26 |
| | Sumavision Technologies Co. Ltd. Class A | 36,400 | 25 |
| * | Hand Enterprise Solutions Co. Ltd. Class A | 20,300 | 25 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 15,600 | 25 |
| | Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 36,800 | 25 |
| | Sinosoft Co. Ltd. Class A | 5,880 | 25 |
| | Inner Mongolia M-Grass Ecology And Enviroment Group Co. Ltd. Class A | 57,800 | 25 |
| | Lancy Co. Ltd. Class A | 9,800 | 25 |
| | Chengdu Kanghua Biological Products Co. Ltd. Class A | 1,800 | 25 |
| | Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A | 9,020 | 24 |
| * | YanTai Shuangta Food Co. Ltd. Class A | 32,900 | 24 |
| | Kunming Yunnei Power Co. Ltd. Class A | 65,600 | 24 |
| 2 | China Everbright Greentech Ltd. | 149,000 | 24 |
| | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 47,800 | 24 |
| | Foran Energy Group Co. Ltd. Class A | 15,800 | 24 |
| * | Jiajiayue Group Co. Ltd. Class A | 18,300 | 24 |
| | Chongqing Zaisheng Technology Corp. Ltd. Class A (XSSC) | 33,020 | 24 |
| * | Yango Group Co. Ltd. Class A | 100,500 | 23 |
| | Shanghai 2345 Network Holding Group Co. Ltd. Class A | 80,900 | 23 |
| * | Blue Sail Medical Co. Ltd. Class A | 20,400 | 23 |
| | Shanghai Kinetic Medical Co. Ltd. Class A | 20,900 | 23 |
| | Zhejiang Starry Pharmaceutical Co. Ltd. Class A | 9,800 | 23 |
| | | Shares | Market
Value•
($000) |
| | Oriental Energy Co. Ltd. Class A | 20,800 | 23 |
| | Hangzhou Onechance Tech Corp. Class A | 5,800 | 23 |
| | Qingling Motors Co. Ltd. Class H | 194,000 | 22 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 26,900 | 22 |
| | Hangzhou Shunwang Technology Co. Ltd. Class A | 15,900 | 22 |
| | Huapont Life Sciences Co. Ltd. Class A | 30,400 | 22 |
| | Shenzhen Microgate Technology Co. Ltd. Class A | 20,300 | 22 |
| | Western Region Gold Co. Ltd. Class A | 13,400 | 22 |
| 3 | Kaisa Group Holdings Ltd. | 990,262 | 21 |
| | Zhongshan Broad Ocean Motor Co. Ltd. Class A | 28,500 | 21 |
| | Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 8,500 | 21 |
| | Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A | 20,800 | 21 |
| | North Huajin Chemical Industries Co. Ltd. Class A | 22,500 | 21 |
| * | Innuovo Technology Co. Ltd. Class A | 23,000 | 21 |
| | Monalisa Group Co. Ltd. Class A | 12,415 | 21 |
| | Unilumin Group Co. Ltd. Class A | 24,800 | 21 |
| * | YaGuang Technology Group Co. Ltd. Class A | 24,900 | 21 |
| | Lushang Health Industry Development Co. Ltd. Class A | 23,300 | 21 |
| * | Jinneng Holding Shanxi Electric Power Co. Ltd. Class A | 45,400 | 21 |
| | Wangsu Science & Technology Co. Ltd. Class A | 26,600 | 20 |
| * | Client Service International Inc. Class A | 9,400 | 20 |
| | JL Mag Rare-Earth Co. Ltd. Class A | 4,700 | 20 |
| | Changchun Faway Automobile Components Co. Ltd. Class A | 17,310 | 20 |
| | Grinm Advanced Materials Co. Ltd. Class A | 11,200 | 20 |
| * | Hongli Zhihui Group Co. Ltd. Class A | 20,000 | 20 |
| | Arcsoft Corp. Ltd. Class A | 5,764 | 20 |
| | BrightGene Bio-Medical Technology Co. Ltd. Class A | 6,847 | 20 |
| * | Oceanwide Holdings Co. Ltd. Class A | 125,400 | 19 |
| | | Shares | Market
Value•
($000) |
| | Goldenmax International Technology Ltd. Class A | 17,800 | 19 |
| | Shenzhen FRD Science & Technology Co. Ltd. | 8,000 | 19 |
| | China Publishing & Media Co. Ltd. Class A | 32,300 | 19 |
| | Henan Yuguang Gold & Lead Co. Ltd. Class A | 27,900 | 19 |
| * | Beijing Bohui Innovation Biotechnology Group Co. Ltd. Class A | 22,700 | 19 |
| * | Beijing VRV Software Corp. Ltd. Class A | 27,800 | 18 |
| * | Beijing Thunisoft Corp. Ltd. Class A | 18,200 | 18 |
| | PCI Technology Group Co. Ltd. Class A | 23,100 | 18 |
| | Shaanxi Construction Machinery Co. Ltd. Class A | 28,860 | 18 |
| | Tongyu Heavy Industry Co. Ltd. Class A | 51,500 | 18 |
| | Anker Innovations Technology Co. Ltd. Class A | 2,400 | 18 |
| * | Shenzhen World Union Group Inc. Class A | 50,700 | 17 |
| | Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 9,200 | 17 |
| * | Zhenro Properties Group Ltd. | 625,000 | 17 |
| * | Anhui Tatfook Technology Co. Ltd. Class A | 14,600 | 17 |
| | Longhua Technology Group Luoyang Co. Ltd. Class A | 17,800 | 17 |
| | Chongyi Zhangyuan Tungsten Industry Co. Ltd. Class A | 18,900 | 17 |
| * | Henan Yuneng Holdings Co. Ltd. Class A | 24,800 | 17 |
| | Shandong Head Co. Ltd. Class A | 5,200 | 17 |
| | NSFOCUS Technologies Group Co. Ltd. Class A | 10,497 | 16 |
| * | China TransInfo Technology Co. Ltd. Class A | 13,400 | 16 |
| | Shenzhen Ysstech Info-tech Co. Ltd. Class A | 13,400 | 16 |
| | Keboda Technology Co. Ltd. Class A | 2,000 | 16 |
| | CMST Development Co. Ltd. Class A | 25,600 | 16 |
| | Xiangcai Co. Ltd. Class A | 17,800 | 16 |
| | Hangzhou Boiler Group Co. Ltd. Class A | 6,900 | 16 |
| | Visual China Group Co. Ltd. Class A | 11,100 | 15 |
| * | RiseSun Real Estate Development Co. Ltd. Class A | 56,200 | 15 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Visionox Technology Inc. Class A | 17,998 | 15 |
| * | Berry Genomics Co. Ltd. Class A | 8,600 | 15 |
| | Fujian Longma Environmental Sanitation Equipment Co. Ltd. Class A | 12,700 | 15 |
| | Greenland Hong Kong Holdings Ltd. | 275,000 | 14 |
| | DBG Technology Co. Ltd. Class A | 10,700 | 14 |
| * | Xiamen Jihong Technology Co. Ltd. Class A | 8,200 | 14 |
| | FAWER Automotive Parts Co. Ltd. Class A | 21,400 | 13 |
| | Huabao Flavours & Fragrances Co. Ltd. Class A | 4,200 | 13 |
| * | CSG Smart Science&Technology Co. Ltd. Class A | 13,000 | 12 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class A | 3,230 | 12 |
| * | Kunshan Kersen Science & Technology Co. Ltd. Class A | 12,100 | 12 |
| | BBMG Corp. Class A | 38,700 | 12 |
| | Beijing North Star Co. Ltd. Class H | 118,000 | 11 |
| | Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A | 17,400 | 11 |
| | Guangzhou Shangpin Home Collection Co. Ltd. Class A | 4,400 | 11 |
| | Yijiahe Technology Co. Ltd. Class A | 2,200 | 11 |
| *,3 | Colour Life Services Group Co. Ltd. | 135,118 | 11 |
| | Fujian Cement Inc. Class A | 15,900 | 11 |
| | Streamax Technology Co. Ltd. Class A | 3,500 | 11 |
| * | Ronshine China Holdings Ltd. | 182,500 | 10 |
| | Beken Corp. | 2,900 | 10 |
| *,3 | Sunac China Holdings Ltd. | 1,458,538 | 9 |
| | Dongjiang Environmental Co. Ltd. Class H | 27,100 | 7 |
| | Shandong Publishing & Media Co. Ltd. Class A | 5,700 | 5 |
| *,3 | Tianhe Chemicals Group Ltd. | 383,088 | — |
| *,1,3 | Midas Holdings Ltd. | 223,900 | — |
| *,3 | China Animal Healthcare Ltd. | 84,000 | — |
| | Qingdao Port International Co. Ltd. Class A | 100 | — |
| | Jiangxi Copper Co. Ltd. Class A | 200 | — |
| | | | 843,597 |
| Colombia (0.0%) |
| | Bancolombia SA ADR | 48,141 | 1,221 |
| | Bancolombia SA | 156,034 | 1,122 |
| | | Shares | Market
Value•
($000) |
| | Interconexion Electrica SA ESP | 222,776 | 869 |
| | Ecopetrol SA ADR | 64,186 | 633 |
| | Ecopetrol SA | 971,880 | 482 |
| | Grupo de Inversiones Suramericana SA | 56,039 | 452 |
| | Banco Davivienda SA Preference Shares | 38,989 | 205 |
| | Grupo Aval Acciones y Valores SA Preference Shares | 1,821,522 | 199 |
| | Grupo De Inversiones Suramericana SA Preference Shares | 46,730 | 129 |
| | Cementos Argos SA | 164,401 | 111 |
| *,3 | Bac Holding International Co. | 2,506,638 | 100 |
| | Bancolombia SA Preference Shares | 14,574 | 92 |
| | | | 5,615 |
| Cyprus (0.0%) |
| * | Galaxy Cosmos Mezz plc | 38,387 | 6 |
| * | Sunrisemezz plc | 36,049 | 3 |
| | | | 9 |
| Czech Republic (0.0%) |
| | CEZ A/S | 78,665 | 2,571 |
| | Komercni banka A/S | 38,399 | 1,100 |
| 2 | Moneta Money Bank A/S | 180,939 | 528 |
| | Philip Morris CR A/S | 235 | 157 |
| | | | 4,356 |
| Denmark (0.6%) |
| | Novo Nordisk A/S Class B | 788,872 | 85,775 |
| | DSV A/S | 96,305 | 13,014 |
| * | Genmab A/S | 33,223 | 12,798 |
| | Vestas Wind Systems A/S | 515,297 | 10,158 |
| 2 | Orsted A/S | 94,409 | 7,789 |
| | Coloplast A/S Class B | 68,035 | 7,584 |
| | Carlsberg A/S Class B | 48,595 | 5,722 |
| | Novozymes A/S Class B | 101,821 | 5,345 |
| | Danske Bank A/S | 331,272 | 5,344 |
| | AP Moller - Maersk A/S Class B | 2,369 | 4,949 |
| | Tryg A/S | 179,172 | 3,875 |
| | AP Moller - Maersk A/S Class A | 1,769 | 3,539 |
| | Chr Hansen Holding A/S | 52,166 | 2,897 |
| | Pandora A/S | 44,435 | 2,338 |
| * | ISS A/S | 85,877 | 1,577 |
| | Royal Unibrew A/S | 26,851 | 1,534 |
| * | Jyske Bank A/S (Registered) | 26,755 | 1,444 |
| | Ringkjoebing Landbobank A/S | 13,032 | 1,417 |
| | SimCorp A/S | 22,168 | 1,324 |
| | GN Store Nord A/S | 61,583 | 1,309 |
| * | Demant A/S | 47,129 | 1,287 |
| * | Bavarian Nordic A/S | 34,383 | 1,094 |
| * | ALK-Abello A/S | 64,191 | 1,061 |
| * | NKT A/S | 20,344 | 1,015 |
| | Topdanmark A/S | 20,886 | 964 |
| | Ambu A/S Class B | 78,959 | 883 |
| | Sydbank A/S | 27,995 | 853 |
| * | Zealand Pharma A/S | 30,347 | 782 |
| | D/S Norden A/S | 13,569 | 702 |
| | Chemometec A/S | 7,181 | 677 |
| | FLSmidth & Co. A/S | 28,108 | 650 |
| | | Shares | Market
Value•
($000) |
| | ROCKWOOL International A/S Class B | 2,987 | 595 |
| | Alm Brand A/S | 422,040 | 577 |
| *,2 | Netcompany Group A/S | 14,419 | 494 |
| | Spar Nord Bank A/S | 40,007 | 484 |
| 2 | Scandinavian Tobacco Group A/S Class A | 28,791 | 482 |
| | Dfds A/S | 15,232 | 462 |
| | H Lundbeck A/S | 114,496 | 428 |
| | Schouw & Co. A/S | 6,327 | 402 |
| | Torm plc Class A | 13,985 | 374 |
| * | Nilfisk Holding A/S | 12,898 | 240 |
| * | NTG Nordic Transport Group A/S Class A | 5,879 | 191 |
| * | H Lundbeck A/S Class A | 28,624 | 97 |
| | | | 194,526 |
| Egypt (0.0%) |
| | Commercial International Bank Egypt SAE | 1,215,423 | 1,629 |
| | Egypt Kuwait Holding Co. SAE (XCAI) | 294,616 | 341 |
| | Eastern Co. SAE | 590,912 | 291 |
| * | Egyptian Financial Group-Hermes Holding Co. | 475,563 | 263 |
| * | Fawry for Banking & Payment Technology Services SAE | 1,036,260 | 169 |
| | Talaat Moustafa Group | 417,717 | 143 |
| | Egypt Kuwait Holding Co. SAE | 103,346 | 114 |
| * | ElSewedy Electric Co. | 296,180 | 104 |
| | Telecom Egypt Co. | 127,965 | 97 |
| * | Medinet Nasr Housing | 233,973 | 27 |
| | | | 3,178 |
| Finland (0.3%) |
| | Nokia OYJ | 2,838,843 | 12,616 |
| | Sampo OYJ Class A | 249,728 | 11,420 |
| | UPM-Kymmene OYJ | 274,340 | 9,223 |
| | Neste OYJ | 209,718 | 9,192 |
| | Nordea Bank Abp | 927,204 | 8,857 |
| | Nordea Bank Abp (XHEL) | 877,970 | 8,391 |
| | Kone OYJ Class B | 200,291 | 8,201 |
| | Stora Enso OYJ Class R | 297,719 | 3,882 |
| | Elisa OYJ | 69,406 | 3,354 |
| | Fortum OYJ | 223,128 | 3,140 |
| | Kesko OYJ Class B | 131,234 | 2,554 |
| | Metso Outotec OYJ | 312,613 | 2,372 |
| | Orion OYJ Class B | 51,054 | 2,349 |
| | Valmet OYJ | 89,628 | 2,038 |
| | Huhtamaki OYJ | 44,302 | 1,592 |
| | Wartsila OYJ Abp | 231,770 | 1,580 |
| | Kojamo OYJ | 103,130 | 1,342 |
| | Cargotec OYJ Class B | 24,362 | 916 |
| | TietoEVRY OYJ (XHEL) | 38,050 | 907 |
| | Konecranes OYJ Class A | 34,771 | 875 |
| | Nokian Renkaat OYJ | 68,268 | 770 |
| | Metsa Board OYJ | 81,573 | 614 |
| | Outokumpu OYJ | 149,336 | 599 |
| | Kemira OYJ | ��� 38,342 | 506 |
| | Revenio Group OYJ | 11,637 | 433 |
| | Uponor OYJ | 31,723 | 421 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Sanoma OYJ | 33,466 | 392 |
| *,1 | QT Group OYJ | 8,425 | 360 |
| | Tokmanni Group Corp. | 21,018 | 254 |
| | Citycon OYJ | 38,860 | 242 |
| | Oriola OYJ Class B | 114,943 | 209 |
| 2 | Terveystalo OYJ | 33,738 | 209 |
| | YIT OYJ | 75,612 | 190 |
| | Raisio OYJ Class V | 73,906 | 143 |
| | TietoEVRY OYJ | 5,682 | 135 |
| *,1 | Finnair OYJ | 288,850 | 122 |
| * | F-Secure OYJ | 41,897 | 118 |
| *,1,3 | Ahlstrom-Munksjo OYJ Rights | 4,033 | 71 |
| * | WithSecure OYJ | 41,897 | 68 |
| | | | 100,657 |
| France (2.5%) |
| | LVMH Moet Hennessy Louis Vuitton SE | 126,038 | 79,529 |
| | TotalEnergies SE | 1,194,813 | 65,181 |
| | Sanofi | 549,827 | 47,317 |
| | Schneider Electric SE | 269,353 | 34,061 |
| | Airbus SE | 283,292 | 30,653 |
| | BNP Paribas SA | 539,495 | 25,299 |
| | EssilorLuxottica SA | 150,417 | 23,785 |
| | AXA SA | 930,986 | 22,991 |
| | Vinci SA | 249,599 | 22,972 |
| | Hermes International | 15,681 | 20,297 |
| | Safran SA | 175,680 | 19,565 |
| | Pernod Ricard SA | 103,592 | 18,182 |
| | L'Oreal SA Loyalty Shares | 55,237 | 17,345 |
| | Kering SA | 36,794 | 16,850 |
| | L'Oreal SA (XPAR) | 51,230 | 16,086 |
| | Air Liquide SA Loyalty Shares | 118,107 | 15,450 |
| | Danone SA | 307,305 | 15,273 |
| | Capgemini SE | 81,261 | 13,318 |
| | Air Liquide SA (XPAR) | 99,463 | 13,011 |
| | Dassault Systemes SE | 342,440 | 11,478 |
| | Legrand SA | 140,249 | 10,688 |
| | STMicroelectronics NV | 323,398 | 10,056 |
| | Cie de Saint-Gobain | 234,791 | 9,598 |
| | Cie Generale des Etablissements Michelin SCA | 355,639 | 9,063 |
| | Orange SA | 941,637 | 8,972 |
| | Societe Generale SA | 386,572 | 8,867 |
| | Teleperformance | 30,056 | 8,053 |
| | Veolia Environnement SA | 324,356 | 7,238 |
| | Thales SA | 51,972 | 6,610 |
| | Publicis Groupe SA | 116,564 | 6,528 |
| | Edenred | 126,230 | 6,471 |
| | Credit Agricole SA | 617,496 | 5,603 |
| *,2 | Worldline SA | 123,463 | 5,389 |
| | Engie SA Loyalty Shares | 389,176 | 5,057 |
| | Carrefour SA | 313,197 | 5,041 |
| | L'Oreal SA | 14,155 | 4,445 |
| | Engie SA (XPAR) | 323,544 | 4,204 |
| | Eurofins Scientific SE | 62,344 | 3,991 |
| | Getlink SE | 249,270 | 3,945 |
| | Sartorius Stedim Biotech | 12,191 | 3,869 |
| | Air Liquide SA | 28,989 | 3,792 |
| | Bureau Veritas SA | 141,148 | 3,492 |
| | Eiffage SA | 36,924 | 3,339 |
| | Bouygues SA | 114,315 | 3,262 |
| | Alstom SA | 155,010 | 3,190 |
| | Vivendi SE | 383,381 | 3,138 |
| | | Shares | Market
Value•
($000) |
| * | Renault SA | 100,786 | 3,103 |
| 2 | Euronext NV | 41,480 | 2,633 |
| | Arkema SA | 31,205 | 2,470 |
| * | Accor SA | 99,689 | 2,389 |
| | Bollore SE | 468,541 | 2,343 |
| | Electricite de France SA (XPAR) | 196,206 | 2,317 |
| | Gecina SA | 25,108 | 2,238 |
| | Rexel SA | 116,293 | 2,075 |
| | Valeo | 121,018 | 1,994 |
| * | Aeroports de Paris | 14,605 | 1,975 |
| | Remy Cointreau SA | 12,590 | 1,925 |
| | BioMerieux | 20,753 | 1,836 |
| | Dassault Aviation SA | 11,858 | 1,761 |
| | Klepierre SA | 87,559 | 1,760 |
| * | SOITEC | 13,699 | 1,754 |
| | Ipsen SA | 16,884 | 1,735 |
| | Gaztransport Et Technigaz SA | 14,774 | 1,719 |
| | Alten SA | 13,869 | 1,620 |
| | Nexans SA | 14,684 | 1,371 |
| | SPIE SA | 58,622 | 1,371 |
| | L'Oreal SA Loyalty Shares 2023 | 4,349 | 1,366 |
| | EDF Loyalty Shares 2024 | 114,562 | 1,353 |
| 2 | La Francaise des Jeux SAEM | 40,718 | 1,327 |
| | Air Liquide | 10,016 | 1,310 |
| | Engie SA | 100,229 | 1,302 |
| | Sodexo SA ACT Loyalty Shares | 14,556 | 1,289 |
| | Sodexo SA (XPAR) | 14,421 | 1,277 |
| * | Ubisoft Entertainment SA | 45,727 | 1,255 |
| | Elis SA (XPAR) | 109,581 | 1,255 |
| | Covivio | 23,252 | 1,245 |
| 2 | Amundi SA | 26,260 | 1,239 |
| * | Faurecia SE (XPAR) | 82,853 | 1,237 |
| | SES SA Class A GDR | 170,535 | 1,210 |
| | Technip Energies NV | 85,024 | 1,098 |
| | SCOR SE | 71,932 | 1,082 |
| 2 | Verallia SA | 36,625 | 1,038 |
| | Wendel SE | 13,006 | 1,018 |
| | Rubis SCA | 44,757 | 1,016 |
| | Imerys SA | 21,904 | 897 |
| | IPSOS | 18,297 | 886 |
| * | Air France-KLM | 667,027 | 877 |
| | Sopra Steria Group SACA | 6,476 | 857 |
| 1 | Eutelsat Communications SA | 83,850 | 842 |
| * | Vallourec SA | 76,218 | 811 |
| 2 | Neoen SA (XPAR) | 21,153 | 738 |
| | Societe BIC SA | 11,740 | 674 |
| | ICADE | 17,514 | 652 |
| | Eurazeo SA | 9,906 | 565 |
| | Trigano SA | 5,451 | 558 |
| | Virbac SA | 2,222 | 544 |
| | Coface SA | 48,095 | 535 |
| | Eurazeo SE | 9,282 | 530 |
| 2 | ALD SA | 47,706 | 509 |
| | Sodexo SA Loyalty Shares 2023 | 5,394 | 478 |
| * | Sodexo SA Loyalty Shares 2026 | 5,313 | 471 |
| | Rothschild & Co. | 12,954 | 459 |
| | SEB SA Loyalty Shares | 6,985 | 455 |
| *,1 | Atos SE | 46,173 | 451 |
| * | JCDecaux SA | 33,557 | 424 |
| | Carmila SA | 29,973 | 419 |
| | | Shares | Market
Value•
($000) |
| | Somfy SA | 3,731 | 397 |
| * | Euroapi SA | 22,531 | 394 |
| * | CGG SA | 449,141 | 382 |
| * | SES-imagotag SA | 3,267 | 371 |
| | Cie Plastic Omnium SA | 26,277 | 368 |
| | Nexity SA | 17,709 | 355 |
| | Television Francaise 1 | 53,534 | 340 |
| | Interparfums SA | 6,789 | 327 |
| | SEB SA (XPAR) | 4,990 | 325 |
| | Mercialys SA | 36,851 | 319 |
| | Engie SA Prime Fidelite 2023 | 24,111 | 313 |
| * | Believe SA | 33,613 | 308 |
| | Metropole Television SA | 28,896 | 299 |
| | Antin Infrastructure Partners SA | 12,772 | 278 |
| * | ID Logistics Group | 1,017 | 273 |
| 1 | Korian SA | 28,707 | 271 |
| | Lagardere SA | 15,413 | 269 |
| * | Valneva SE | 39,789 | 269 |
| | Eramet SA | 4,067 | 266 |
| *,1 | Casino Guichard Perrachon SA | 27,628 | 266 |
| | Sodexo SA | 2,851 | 253 |
| | Mersen SA | 7,789 | 252 |
| | Beneteau SA | 20,566 | 228 |
| | Altarea SCA | 1,622 | 216 |
| * | Voltalia SA (Registered) | 10,775 | 205 |
| | Derichebourg SA | 46,656 | 204 |
| 2 | Maisons du Monde SA | 19,767 | 194 |
| *,2 | X-Fab Silicon Foundries SE | 37,322 | 193 |
| | Fnac Darty SA | 6,138 | 190 |
| | Eurazeo SE (XPAR) | 3,115 | 178 |
| *,1 | Orpea SA | 21,724 | 176 |
| | Quadient SA | 12,082 | 170 |
| | Cie de L'Odet SE | 135 | 161 |
| | Etablissements Maurel et Prom SA | 34,462 | 155 |
| | Vetoquinol SA | 1,775 | 147 |
| | Electricite de France SA (Euronext Paris) | 12,229 | 144 |
| | PEUGEOT Investment | 1,670 | 138 |
| *,1 | OVH Groupe SAS | 10,574 | 137 |
| | Vilmorin & Cie SA | 2,836 | 126 |
| | Pharmagest Interactive | 1,757 | 123 |
| | Sodexo SA Loyalty Shares 2025 | 1,212 | 107 |
| | Seb SA | 1,636 | 107 |
| | Vicat SA | 4,456 | 102 |
| | Boiron SA | 2,097 | 96 |
| *,2 | Elior Group SA | 38,533 | 86 |
| | Lisi SA | 4,123 | 81 |
| | Manitou BF SA | 3,706 | 76 |
| | Jacquet Metals SACA | 4,253 | 66 |
| *,1 | Solutions 30 SE | 34,400 | 66 |
| * | GL Events | 3,863 | 60 |
| | Bonduelle SCA | 4,520 | 53 |
| *,2 | SMCP SA | 7,781 | 49 |
| | Guerbet | 2,723 | 47 |
| * | Tarkett SA | 3,330 | 40 |
| | SEB SA Loyalty Shares 2023 | 565 | 37 |
| | Lisi (XPAR) | 1,767 | 35 |
| | AKWEL | 1,885 | 27 |
| *,2 | Aramis Group SAS | 1,390 | 6 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | CGG SA Warrants Exp. 2/21/23 | 17,186 | — |
| | | | 769,603 |
| Germany (1.8%) |
| | SAP SE | 558,073 | 53,716 |
| | Siemens AG (Registered) | 381,894 | 41,706 |
| | Allianz SE (Registered) | 204,139 | 36,725 |
| | Deutsche Telekom AG (Registered) | 1,698,389 | 32,058 |
| | Bayer AG (Registered) | 498,830 | 26,229 |
| | Mercedes-Benz Group AG | 426,089 | 24,663 |
| | BASF SE | 466,373 | 20,926 |
| | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 71,029 | 18,750 |
| | Deutsche Post AG (Registered) | 496,657 | 17,557 |
| | Infineon Technologies AG | 660,056 | 16,017 |
| | Deutsche Boerse AG | 93,063 | 15,134 |
| | Volkswagen AG Preference Shares | 100,699 | 12,890 |
| | Bayerische Motoren Werke AG | 157,887 | 12,393 |
| | RWE AG | 321,219 | 12,365 |
| | Merck KGaA | 65,068 | 10,604 |
| | Deutsche Bank AG (Registered) | 1,018,658 | 9,710 |
| | E.ON SE | 1,117,158 | 9,355 |
| | Vonovia SE | 412,131 | 9,112 |
| | adidas AG | 87,431 | 8,535 |
| | Symrise AG Class A | 67,194 | 6,859 |
| 2 | Siemens Healthineers AG | 138,249 | 6,334 |
| | Henkel AG & Co. KGaA Preference Shares | 91,328 | 5,754 |
| * | Daimler Truck Holding AG | 210,446 | 5,613 |
| | Hannover Rueck SE | 30,672 | 4,991 |
| | MTU Aero Engines AG | 27,656 | 4,949 |
| | Brenntag SE | 78,792 | 4,781 |
| | Fresenius SE & Co. KGaA | 207,551 | 4,776 |
| | Beiersdorf AG | 49,572 | 4,759 |
| * | QIAGEN NV | 109,298 | 4,720 |
| | Sartorius AG Preference Shares | 12,944 | 4,564 |
| * | Commerzbank AG | 523,996 | 4,187 |
| | Rheinmetall AG | 22,157 | 3,602 |
| | HeidelbergCement AG | 75,767 | 3,484 |
| 2 | Covestro AG | 93,565 | 3,176 |
| *,2 | Delivery Hero SE | 96,388 | 3,172 |
| | Continental AG | 57,129 | 2,959 |
| | Fresenius Medical Care AG & Co. KGaA | 103,018 | 2,850 |
| | GEA Group AG | 80,847 | 2,826 |
| | Volkswagen AG | 15,431 | 2,638 |
| | Siemens Energy AG | 225,899 | 2,633 |
| *,2 | Zalando SE | 113,792 | 2,623 |
| | Henkel AG & Co. KGaA | 43,159 | 2,534 |
| | LEG Immobilien SE (XETR) | 38,513 | 2,514 |
| | Bayerische Motoren Werke AG Preference Shares | 33,460 | 2,467 |
| | | Shares | Market
Value•
($000) |
| | Puma SE | 53,728 | 2,375 |
| 2 | Scout24 SE | 46,006 | 2,358 |
| | Carl Zeiss Meditec AG (Bearer) | 17,729 | 2,146 |
| | K+S AG (Registered) | 92,625 | 2,045 |
| * | Deutsche Lufthansa AG (Registered) | 296,782 | 2,029 |
| | Evonik Industries AG | 90,779 | 1,672 |
| | LANXESS AG | 47,104 | 1,593 |
| * | HelloFresh SE | 79,264 | 1,584 |
| | Freenet AG | 75,775 | 1,489 |
| * | Evotec SE | 76,582 | 1,461 |
| | United Internet AG (Registered) | 76,608 | 1,432 |
| | Knorr-Bremse AG | 31,819 | 1,432 |
| | Bechtle AG | 40,573 | 1,402 |
| | AIXTRON SE | 55,669 | 1,368 |
| * | CTS Eventim AG & Co. KGaA | 27,590 | 1,317 |
| | Rational AG | 2,292 | 1,292 |
| * | thyssenkrupp AG | 237,794 | 1,252 |
| 1 | HUGO BOSS AG | 27,094 | 1,248 |
| | Vantage Towers AG | 43,720 | 1,230 |
| | Nemetschek SE | 25,633 | 1,222 |
| | Aurubis AG | 17,060 | 1,076 |
| | Aroundtown SA | 534,096 | 1,059 |
| | Encavis AG | 53,611 | 998 |
| | Talanx AG | 25,870 | 972 |
| | ProSiebenSat.1 Media SE | 140,069 | 952 |
| | Telefonica Deutschland Holding AG | 429,292 | 935 |
| | Wacker Chemie AG | 7,736 | 901 |
| * | Aareal Bank AG | 27,641 | 874 |
| | Gerresheimer AG | 15,213 | 872 |
| | KION Group AG | 38,305 | 849 |
| | Hella GmbH & Co. KGaA | 10,268 | 802 |
| | FUCHS PETROLUB SE | 32,665 | 788 |
| | Stabilus SE | 13,647 | 749 |
| | VERBIO Vereinigte BioEnergie AG | 9,356 | 737 |
| *,2 | TeamViewer AG | 75,479 | 725 |
| | PNE AG | 37,072 | 706 |
| * | Fraport AG Frankfurt Airport Services Worldwide | 17,943 | 691 |
| 1 | Sixt SE | 7,207 | 676 |
| | FUCHS PETROLUB SE Preference Shares | 23,377 | 669 |
| 2 | Befesa SA | 19,146 | 665 |
| | Krones AG | 7,164 | 663 |
| | Siltronic AG | 10,210 | 635 |
| | Hensoldt AG | 25,157 | 591 |
| | Duerr AG | 21,874 | 578 |
| * | Nordex SE | 58,752 | 548 |
| | RTL Group SA | 16,084 | 546 |
| | Jenoptik AG | 23,525 | 516 |
| | HOCHTIEF AG | 9,682 | 514 |
| | Pfeiffer Vacuum Technology AG | 3,636 | 514 |
| * | Nagarro SE | 5,171 | 514 |
| * | Vitesco Technologies Group AG Class A | 9,512 | 509 |
| 2 | DWS Group GmbH & Co. KGaA | 18,808 | 508 |
| | Software AG | 22,409 | 490 |
| | Synlab AG | 37,872 | 488 |
| * | METRO AG | 61,935 | 472 |
| | Suedzucker AG | 36,723 | 468 |
| | | Shares | Market
Value•
($000) |
| | Stroeer SE & Co. KGaA | 11,387 | 464 |
| 2 | Deutsche Pfandbriefbank AG | 61,741 | 460 |
| | Deutsche Wohnen SE | 22,296 | 450 |
| | Grand City Properties SA | 45,779 | 445 |
| | TAG Immobilien AG | 69,464 | 435 |
| | Salzgitter AG | 18,525 | 414 |
| | CANCOM SE | 16,264 | 402 |
| | Dermapharm Holding SE | 10,219 | 389 |
| | Sixt SE Preference Shares | 6,669 | 388 |
| | Bilfinger SE | 13,827 | 385 |
| 1 | STRATEC SE | 4,464 | 374 |
| | Fielmann AG | 11,640 | 371 |
| 1 | S&T AG | 25,651 | 371 |
| | CompuGroup Medical SE & Co. KGaA | 11,543 | 365 |
| * | flatexDEGIRO AG | 41,736 | 365 |
| * | SUSE SA | 18,476 | 326 |
| * | MorphoSys AG | 17,196 | 325 |
| | BayWa AG | 6,589 | 297 |
| | Kloeckner & Co. SE Preference Shares | 37,015 | 290 |
| | Hornbach Holding AG & Co. KGaA | 4,240 | 289 |
| | 1&1 AG | 20,804 | 274 |
| *,2 | Auto1 Group SE | 39,538 | 266 |
| | Energiekontor AG | 2,896 | 257 |
| | GFT Technologies SE | 7,748 | 253 |
| | KWS Saat SE & Co. KGaA | 4,100 | 238 |
| | Eckert & Ziegler Strahlen- und Medizintechnik AG | 6,024 | 238 |
| | Traton SE | 19,024 | 237 |
| | Norma Group SE | 14,554 | 231 |
| | Deutz AG | 59,425 | 224 |
| | Wacker Neuson SE | 14,125 | 223 |
| | Washtec AG | 5,714 | 215 |
| | GRENKE AG | 10,252 | 209 |
| | Indus Holding AG | 9,890 | 195 |
| | Sartorius AG | 635 | 187 |
| | Atoss Software AG | 1,528 | 186 |
| | Hamburger Hafen und Logistik AG | 14,775 | 173 |
| | DIC Asset AG | 24,947 | 172 |
| * | SGL Carbon SE | 24,080 | 171 |
| * | Hypoport SE | 1,737 | 170 |
| 1 | Varta AG | 6,189 | 166 |
| | Deutsche Beteiligungs AG | 6,560 | 166 |
| | Adesso SE | 1,624 | 161 |
| *,1 | Aareal Bank AG (XETR) | 4,859 | 159 |
| 2 | Instone Real Estate Group SE | 21,898 | 159 |
| | PATRIZIA AG | 20,904 | 153 |
| * | SMA Solar Technology AG | 3,151 | 152 |
| *,2 | Shop Apotheke Europe NV | 3,646 | 151 |
| * | Global Fashion Group SA | 87,512 | 147 |
| | Takkt AG | 10,249 | 133 |
| | Wuestenrot & Wuerttembergische AG | 9,451 | 133 |
| | Basler AG | 4,914 | 133 |
| | Vossloh AG | 3,545 | 127 |
| 1 | Uniper SE | 42,195 | 126 |
| | New Work SE | 985 | 123 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Draegerwerk AG & Co. KGaA Preference Shares | 2,998 | 121 |
| | Secunet Security Networks AG | 527 | 116 |
| | CECONOMY AG | 70,503 | 115 |
| | Draegerwerk AG & Co. KGaA | 3,032 | 109 |
| | CropEnergies AG | 6,524 | 104 |
| | ElringKlinger AG | 11,374 | 81 |
| | Bertrandt AG | 2,310 | 69 |
| | Deutsche EuroShop AG (XETR) | 3,137 | 67 |
| *,1 | About You Holding SE | 12,037 | 59 |
| *,1,2 | ADLER Group SA | 39,008 | 58 |
| | Kuka AG | 579 | 48 |
| | | | 560,267 |
| Greece (0.0%) |
| | OPAP SA | 96,417 | 1,181 |
| * | Eurobank Ergasias Services and Holdings SA | 1,189,302 | 1,174 |
| * | Alpha Services and Holdings SA | 1,036,433 | 960 |
| * | National Bank of Greece SA | 254,343 | 922 |
| | Hellenic Telecommunications Organization SA ADR | 117,615 | 910 |
| | Mytilineos SA | 52,183 | 875 |
| | Hellenic Telecommunications Organization SA | 46,419 | 729 |
| | JUMBO SA | 50,819 | 722 |
| * | Public Power Corp. SA | 101,397 | 640 |
| | Hellenic Exchanges - Athens Stock Exchange SA | 199,931 | 619 |
| | Terna Energy SA | 28,979 | 539 |
| | Motor Oil Hellas Corinth Refineries SA | 27,419 | 471 |
| 1 | Star Bulk Carriers Corp. | 23,873 | 416 |
| * | Piraeus Financial Holdings SA | 252,345 | 311 |
| | GEK Terna Holding Real Estate Construction SA | 27,450 | 261 |
| | Holding Co. ADMIE IPTO SA | 98,417 | 163 |
| | Hellenic Petroleum SA | 23,436 | 160 |
| * | LAMDA Development SA | 22,404 | 136 |
| * | Aegean Airlines SA | 27,412 | 135 |
| | Viohalco SA | 35,271 | 132 |
| | Athens Water Supply & Sewage Co. SA | 17,663 | 126 |
| | Quest Holdings SA | 22,944 | 92 |
| | Fourlis Holdings SA | 26,150 | 69 |
| | Autohellas Tourist and Trading SA | 6,052 | 68 |
| | Sarantis SA | 9,960 | 62 |
| * | Ellaktor SA | 15,239 | 26 |
| *,3 | FF Group | 12,862 | — |
| | | | 11,899 |
| Hong Kong (0.6%) |
| | AIA Group Ltd. | 6,046,982 | 45,805 |
| | Hong Kong Exchanges & Clearing Ltd. | 641,224 | 17,020 |
| | Sun Hung Kai Properties Ltd. | 734,482 | 7,893 |
| | | Shares | Market
Value•
($000) |
| | CK Hutchison Holdings Ltd. | 1,404,391 | 6,991 |
| | Link REIT | 1,093,490 | 6,463 |
| | Techtronic Industries Co. Ltd. | 678,500 | 6,425 |
| | CK Asset Holdings Ltd. | 1,008,750 | 5,577 |
| | BOC Hong Kong Holdings Ltd. | 1,785,700 | 5,549 |
| | CLP Holdings Ltd. | 820,580 | 5,508 |
| | Hang Seng Bank Ltd. | 374,551 | 5,273 |
| | Galaxy Entertainment Group Ltd. | 1,106,000 | 5,053 |
| | Jardine Matheson Holdings Ltd. | 100,762 | 4,642 |
| | Hong Kong & China Gas Co. Ltd. | 5,441,365 | 4,194 |
| | Power Assets Holdings Ltd. | 689,000 | 3,294 |
| | Lenovo Group Ltd. | 4,024,000 | 3,216 |
| | Wharf Real Estate Investment Co. Ltd. | 801,600 | 3,158 |
| | MTR Corp. Ltd. | 717,326 | 3,156 |
| | Hongkong Land Holdings Ltd. | 555,800 | 2,140 |
| * | Sands China Ltd. | 1,194,400 | 2,088 |
| | Sino Land Co. Ltd. | 1,936,279 | 2,068 |
| 2 | WH Group Ltd. | 3,768,258 | 1,903 |
| 2 | Budweiser Brewing Co. APAC Ltd. | 904,100 | 1,903 |
| | Wharf Holdings Ltd. | 587,600 | 1,683 |
| 2 | ESR Cayman Ltd. | 982,189 | 1,675 |
| | Henderson Land Development Co. Ltd. | 636,896 | 1,559 |
| | Chow Tai Fook Jewellery Group Ltd. | 885,400 | 1,516 |
| | New World Development Co. Ltd. | 698,306 | 1,428 |
| | Swire Pacific Ltd. Class A | 215,142 | 1,427 |
| | CK Infrastructure Holdings Ltd. | 292,500 | 1,390 |
| | Want Want China Holdings Ltd. | 2,068,467 | 1,359 |
| *,2 | Samsonite International SA | 614,096 | 1,319 |
| | Xinyi Glass Holdings Ltd. | 959,000 | 1,232 |
| | PRADA SpA | 248,900 | 1,134 |
| | Swire Properties Ltd. | 575,380 | 1,106 |
| | Hang Lung Properties Ltd. | 871,000 | 1,096 |
| | SITC International Holdings Co. Ltd. | 578,000 | 947 |
| 1 | Orient Overseas International Ltd. | 63,500 | 928 |
| | ASM Pacific Technology Ltd. | 149,722 | 824 |
| | PCCW Ltd. | 1,996,112 | 763 |
| | Swire Pacific Ltd. Class B | 735,000 | 757 |
| * | Vitasoy International Holdings Ltd. | 396,332 | 677 |
| 2 | BOC Aviation Ltd. | 96,800 | 648 |
| *,1 | AAC Technologies Holdings Inc. | 349,000 | 639 |
| | Hysan Development Co. Ltd. | 279,000 | 608 |
| | Pacific Basin Shipping Ltd. | 2,330,000 | 564 |
| | L'Occitane International SA | 214,250 | 526 |
| | Hang Lung Group Ltd. | 400,000 | 519 |
| | | Shares | Market
Value•
($000) |
| | VTech Holdings Ltd. | 94,600 | 504 |
| | Kerry Properties Ltd. | 302,500 | 478 |
| 2 | Js Global Lifestyle Co. Ltd. | 589,000 | 474 |
| * | Shangri-La Asia Ltd. | 835,519 | 462 |
| | NWS Holdings Ltd. | 647,500 | 459 |
| *,1 | Cathay Pacific Airways Ltd. | 502,090 | 455 |
| | Luk Fook Holdings International Ltd. | 203,415 | 442 |
| | Bank of East Asia Ltd. | 459,272 | 440 |
| | Dairy Farm International Holdings Ltd. | 189,800 | 425 |
| | Man Wah Holdings Ltd. | 711,600 | 397 |
| * | HUTCHMED China Ltd. | 225,000 | 378 |
| | Yue Yuen Industrial Holdings Ltd. | 361,500 | 367 |
| | Fortune REIT | 569,923 | 364 |
| | United Energy Group Ltd. | 3,706,000 | 358 |
| * | NagaCorp Ltd. | 712,567 | 325 |
| * | SJM Holdings Ltd. | 1,005,000 | 314 |
| | First Pacific Co. Ltd. | 1,109,200 | 294 |
| * | China Travel International Investment Hong Kong Ltd. | 1,772,000 | 275 |
| | Kerry Logistics Network Ltd. | 165,500 | 263 |
| | Stella International Holdings Ltd. | 272,000 | 263 |
| * | Wynn Macau Ltd. | 642,000 | 256 |
| *,2 | Sirnaomics Ltd. | 34,100 | 255 |
| | HKBN Ltd. | 371,689 | 251 |
| *,1 | MMG Ltd. | 1,214,117 | 239 |
| | Champion REIT | 790,332 | 237 |
| | Cafe de Coral Holdings Ltd. | 186,000 | 217 |
| * | Theme International Holdings Ltd. | 2,250,000 | 215 |
| * | Melco International Development Ltd. | 399,000 | 209 |
| *,1 | Realord Group Holdings Ltd. | 166,000 | 195 |
| | CITIC Telecom International Holdings Ltd. | 649,500 | 192 |
| 1 | Huabao International Holdings Ltd. | 407,000 | 188 |
| | Canvest Environmental Protection Group Co. Ltd. | 291,000 | 179 |
| | Nexteer Automotive Group Ltd. | 331,000 | 179 |
| *,1,2 | Fosun Tourism Group | 204,600 | 179 |
| | Prosperity REIT | 844,000 | 178 |
| * | Cowell e Holdings Inc. | 140,000 | 171 |
| 1 | Jinchuan Group International Resources Co. Ltd. | 2,457,000 | 163 |
| *,1 | Vobile Group Ltd. | 626,000 | 149 |
| | LK Technology Holdings Ltd. | 156,502 | 142 |
| * | Shun Tak Holdings Ltd. | 1,074,000 | 139 |
| | K Wah International Holdings Ltd. | 490,000 | 137 |
| | Johnson Electric Holdings Ltd. | 132,250 | 136 |
| | VSTECS Holdings Ltd. | 272,000 | 131 |
| | Sunlight REIT | 410,000 | 130 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Television Broadcasts Ltd. | 372,000 | 128 |
| | Chow Sang Sang Holdings International Ltd. | 135,000 | 124 |
| | SUNeVision Holdings Ltd. | 228,000 | 121 |
| *,1 | MGM China Holdings Ltd. | 288,800 | 116 |
| *,1,3 | Superb Summit International | 620,000 | 115 |
| * | Cosmopolitan International Holdings Ltd. | 732,000 | 112 |
| | Dah Sing Financial Holdings Ltd. | 55,744 | 110 |
| * | Lifestyle International Holdings Ltd. | 179,000 | 106 |
| * | Esprit Holdings Ltd. (XHKG) | 1,350,519 | 105 |
| *,1,2 | Hua Medicine | 381,000 | 103 |
| | Hong Kong Technology Venture Co. Ltd. | 196,000 | 102 |
| *,3 | Huiyuan Juice | 398,000 | 102 |
| 2 | IMAX China Holding Inc. | 173,500 | 100 |
| | Far East Consortium International Ltd. | 441,100 | 99 |
| | Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 86,000 | 96 |
| | Texhong Textile Group Ltd. | 145,500 | 94 |
| | Truly International Holdings Ltd. | 760,000 | 93 |
| | SmarTone Telecommunications Holdings Ltd. | 172,000 | 85 |
| | EC Healthcare | 157,000 | 81 |
| * | Haitong International Securities Group Ltd. | 1,086,841 | 79 |
| * | OCI International Holdings Ltd. | 417,200 | 79 |
| | Pacific Textiles Holdings Ltd. | 254,000 | 76 |
| | United Laboratories International Holdings Ltd. | 178,000 | 75 |
| | Value Partners Group Ltd. | 313,000 | 75 |
| | Hutchison Telecommunications Hong Kong Holdings Ltd. | 570,000 | 75 |
| * | IGG Inc. | 288,000 | 75 |
| *,2 | Jacobio Pharmaceuticals Group Co. Ltd. | 164,400 | 73 |
| 2 | Crystal International Group Ltd. | 275,500 | 70 |
| | Dah Sing Banking Group Ltd. | 113,537 | 68 |
| *,3 | Convoy | 3,102,000 | 66 |
| | Guotai Junan International Holdings Ltd. | 860,000 | 61 |
| | Giordano International Ltd. | 354,000 | 58 |
| | Sun Hung Kai & Co. Ltd. | 165,000 | 58 |
| *,2 | Antengene Corp. Ltd. | 134,500 | 57 |
| | China Tobacco International HK Co. Ltd. | 58,000 | 56 |
| | | Shares | Market
Value•
($000) |
| | Powerlong Real Estate Holdings Ltd. | 660,000 | 54 |
| | CITIC Resources Holdings Ltd. | 1,238,000 | 54 |
| *,2 | FIT Hon Teng Ltd. | 441,000 | 52 |
| *,2 | Frontage Holdings Corp. | 226,000 | 51 |
| | Asia Cement China Holdings Corp. | 142,500 | 50 |
| * | Apollo Future Mobility Group Ltd. | 1,824,000 | 49 |
| * | Sa Sa International Holdings Ltd. | 455,995 | 48 |
| | Dynam Japan Holdings Co. Ltd. | 72,400 | 45 |
| * | C-Mer Eye Care Holdings Ltd. | 108,000 | 45 |
| * | China Com Rich Rene Ene Invest | 1,810,000 | 45 |
| 1 | Vesync Co. Ltd. | 165,000 | 44 |
| | Singamas Container Holdings Ltd. | 548,000 | 42 |
| | Texwinca Holdings Ltd. | 292,000 | 38 |
| *,3 | National Agricultural Holdings | 246,000 | 37 |
| | Pou Sheng International Holdings Ltd. | 672,000 | 34 |
| * | Digital Domain Holdings Ltd. | 996,000 | 34 |
| *,2 | JW Cayman Therapeutics Co. Ltd. (XHKG) | 93,500 | 33 |
| *,2 | Everest Medicines Ltd. | 39,500 | 31 |
| * | Chinese Estates Holdings Ltd. | 147,000 | 27 |
| | Powerlong Commercial Management Holdings Ltd. | 81,000 | 25 |
| *,3 | Long Well International Holdings Ltd. | 1,348,000 | 20 |
| *,2 | VPower Group International Holdings Ltd. | 259,000 | 18 |
| * | GCL New Energy Holdings Ltd. | 248,500 | 17 |
| * | Macau Legend Development Ltd. | 600,354 | 16 |
| | Glory Sun Financial Group Ltd. | 6,344,000 | 15 |
| *,3 | Brightoil | 426,340 | 11 |
| *,3 | Real Nutrition | 143,000 | 4 |
| * | Suncity Group Holdings Ltd. | 70,000 | 1 |
| *,3 | Anxin China Holdings Ltd. | 312,000 | — |
| *,3 | C Fiber Optic | 348,000 | — |
| *,3 | Hua Han Health Industry Holdings Ltd. | 214,708 | — |
| *,3 | SMI Holdings Group Ltd. | 402,400 | — |
| *,3 | Huishan Dairy | 822,401 | — |
| *,3 | Tech Pro Tech Dev | 833,600 | — |
| *,3 | MH Development NPV | 130,000 | — |
| *,3 | CTEG | 424,000 | — |
| *,3 | Agritrade Resources Ltd. | 735,000 | — |
| | | Shares | Market
Value•
($000) |
| *,3 | China Lumena New Materials Corp. | 11,900 | — |
| | | | 191,880 |
| Hungary (0.0%) |
| | OTP Bank Nyrt | 109,983 | 2,399 |
| | Richter Gedeon Nyrt | 72,879 | 1,441 |
| | MOL Hungarian Oil & Gas plc | 189,810 | 1,140 |
| | Magyar Telekom Telecommunications plc | 209,897 | 151 |
| * | Opus Global Nyrt | 245,864 | 71 |
| | | | 5,202 |
| Iceland (0.0%) |
| | Marel HF | 91,852 | 321 |
| 2 | Arion Banki HF | 231,815 | 260 |
| * | Kvika banki HF | 1,809,149 | 240 |
| | Siminn HF | 2,230,000 | 175 |
| * | Origo HF | 295,229 | 170 |
| | Reitir fasteignafelag HF | 216,500 | 138 |
| | Eimskipafelag Islands HF | 36,083 | 137 |
| | | | 1,441 |
| India (1.9%) |
| | Reliance Industries Ltd. | 1,146,924 | 35,390 |
| | Housing Development Finance Corp. Ltd. | 880,737 | 26,333 |
| | Infosys Ltd. | 1,306,692 | 24,354 |
| | Tata Consultancy Services Ltd. | 522,197 | 20,153 |
| 2 | Reliance Industries Ltd. GDR | 278,618 | 17,020 |
| | Hindustan Unilever Ltd. | 448,726 | 13,845 |
| | Axis Bank Ltd. | 1,144,700 | 12,553 |
| | Bharti Airtel Ltd (XNSE) | 1,177,420 | 11,841 |
| | Bajaj Finance Ltd. | 119,953 | 10,369 |
| | Infosys Ltd. ADR | 497,643 | 9,321 |
| | Asian Paints Ltd. | 242,568 | 9,131 |
| | ICICI Bank Ltd. | 789,104 | 8,676 |
| | Larsen & Toubro Ltd. | 350,005 | 8,569 |
| | Maruti Suzuki India Ltd. | 66,705 | 7,690 |
| | Mahindra & Mahindra Ltd. | 464,260 | 7,577 |
| | Titan Co. Ltd. | 210,291 | 7,017 |
| | HCL Technologies Ltd. | 545,213 | 6,863 |
| | Sun Pharmaceutical Industries Ltd. | 539,037 | 6,623 |
| | Adani Total Gas Ltd. | 146,448 | 6,374 |
| | ITC Ltd. | 1,496,380 | 6,309 |
| | Adani Enterprises Ltd. | 139,731 | 5,655 |
| * | Adani Transmission Ltd. | 129,153 | 5,230 |
| * | Adani Green Energy Ltd. | 202,720 | 5,154 |
| | Tata Steel Ltd. | 4,121,974 | 5,056 |
| | UltraTech Cement Ltd. | 57,277 | 4,653 |
| | NTPC Ltd. | 2,212,261 | 4,631 |
| | Nestle India Ltd. | 17,949 | 4,420 |
| | Power Grid Corp. of India Ltd. | 1,571,268 | 4,335 |
| | JSW Steel Ltd. | 503,014 | 4,098 |
| | State Bank of India GDR (Registered) | 59,412 | 4,083 |
| | Grasim Industries Ltd. | 193,640 | 4,036 |
| | Bajaj Finserv Ltd. | 197,323 | 4,027 |
| | Adani Ports & Special Economic Zone Ltd. | 399,972 | 3,983 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Hindalco Industries Ltd. | 802,317 | 3,931 |
| *,2 | Avenue Supermarts Ltd. | 74,651 | 3,899 |
| | Tech Mahindra Ltd. | 297,614 | 3,828 |
| * | Tata Motors Ltd. | 744,379 | 3,727 |
| | Cipla Ltd. | 260,315 | 3,673 |
| | Eicher Motors Ltd. | 71,035 | 3,310 |
| | Dr. Reddy's Laboratories Ltd. | 61,314 | 3,300 |
| 2 | SBI Life Insurance Co. Ltd. | 213,766 | 3,276 |
| 2 | HDFC Life Insurance Co. Ltd. | 494,070 | 3,229 |
| | Oil & Natural Gas Corp. Ltd. | 1,864,988 | 3,013 |
| | Tata Consumer Products Ltd. | 318,049 | 2,962 |
| | Coal India Ltd. | 953,548 | 2,831 |
| | Apollo Hospitals Enterprise Ltd. | 51,429 | 2,808 |
| | Britannia Industries Ltd. | 60,871 | 2,772 |
| | Divi's Laboratories Ltd. | 62,184 | 2,712 |
| | Ambuja Cements Ltd. | 373,489 | 2,407 |
| | UPL Ltd. | 265,531 | 2,344 |
| | Pidilite Industries Ltd. | 74,859 | 2,341 |
| | Tata Power Co. Ltd. | 837,209 | 2,289 |
| | SRF Ltd. | 73,422 | 2,272 |
| | Bharat Electronics Ltd. | 1,703,607 | 2,199 |
| | Hero MotoCorp Ltd. | 67,390 | 2,181 |
| * | Max Healthcare Institute Ltd. | 389,458 | 2,147 |
| | Vedanta Ltd. | 626,035 | 2,121 |
| | State Bank of India | 303,348 | 2,107 |
| | Dabur India Ltd. | 300,773 | 2,017 |
| * | Adani Power Ltd. | 493,469 | 2,001 |
| * | Godrej Consumer Products Ltd. | 193,867 | 1,943 |
| | Shree Cement Ltd. | 7,037 | 1,935 |
| | Wipro Ltd. ADR | 410,672 | 1,930 |
| | Bharat Petroleum Corp. Ltd. | 491,399 | 1,804 |
| | Trent Ltd. | 97,084 | 1,793 |
| 2 | ICICI Lombard General Insurance Co. Ltd. | 126,450 | 1,788 |
| | Cholamandalam Investment and Finance Co. Ltd. | 205,748 | 1,765 |
| | Info Edge India Ltd. | 35,826 | 1,698 |
| * | Zomato Ltd. | 2,215,129 | 1,690 |
| * | United Spirits Ltd. | 155,851 | 1,688 |
| | Marico Ltd. | 265,092 | 1,682 |
| | Indian Oil Corp. Ltd. | 2,012,335 | 1,660 |
| | Havells India Ltd. | 112,668 | 1,658 |
| | Page Industries Ltd. | 2,751 | 1,655 |
| | Tube Investments of India Ltd. | 48,411 | 1,604 |
| | Indian Hotels Co. Ltd. | 394,546 | 1,592 |
| | Siemens Ltd. | 44,523 | 1,575 |
| | DLF Ltd. | 332,937 | 1,552 |
| * | Tata Motors Ltd. Class A | 543,073 | 1,545 |
| | SBI Cards & Payment Services Ltd. | 147,359 | 1,472 |
| | ACC Ltd. | 50,458 | 1,459 |
| | Shriram Transport Finance Co. Ltd. | 97,865 | 1,455 |
| | PI Industries Ltd. | 36,785 | 1,441 |
| | Bajaj Auto Ltd. | 32,284 | 1,433 |
| | Tata Elxsi Ltd. | 16,810 | 1,421 |
| | | Shares | Market
Value•
($000) |
| | Gail India Ltd. | 1,256,275 | 1,385 |
| | Federal Bank Ltd. | 866,051 | 1,377 |
| | MRF Ltd. | 1,244 | 1,365 |
| | Colgate-Palmolive India Ltd. | 69,099 | 1,364 |
| | Zee Entertainment Enterprises Ltd. | 424,756 | 1,349 |
| | Container Corp. of India Ltd. | 138,256 | 1,334 |
| | TVS Motor Co. Ltd. | 95,561 | 1,324 |
| | Jubilant Foodworks Ltd. | 174,629 | 1,288 |
| | Crompton Greaves Consumer Electricals Ltd. | 293,962 | 1,287 |
| | Ashok Leyland Ltd. | 689,461 | 1,278 |
| | Embassy Office Parks REIT | 305,271 | 1,271 |
| *,2 | InterGlobe Aviation Ltd. | 58,563 | 1,264 |
| | Varun Beverages Ltd. | 98,231 | 1,246 |
| | Hindustan Aeronautics Ltd. | 40,086 | 1,224 |
| | Bharat Forge Ltd. | 121,197 | 1,223 |
| | Voltas Ltd. | 114,612 | 1,214 |
| | Bajaj Holdings & Investment Ltd. | 14,817 | 1,193 |
| 2 | Larsen & Toubro Infotech Ltd. | 20,498 | 1,174 |
| * | CG Power & Industrial Solutions Ltd. | 373,043 | 1,174 |
| * | IDFC First Bank Ltd. | 1,728,329 | 1,172 |
| * | Yes Bank Ltd. | 6,184,710 | 1,163 |
| 2 | ICICI Prudential Life Insurance Co. Ltd. | 186,033 | 1,142 |
| | Astral Ltd. (XNSE) | 46,252 | 1,136 |
| 2 | Laurus Labs Ltd. | 204,857 | 1,126 |
| 2 | AU Small Finance Bank Ltd. | 156,636 | 1,116 |
| | Oracle Financial Services Software Ltd. | 31,315 | 1,102 |
| | Indian Railway Catering & Tourism Corp. Ltd. | 122,604 | 1,100 |
| | Persistent Systems Ltd. | 24,486 | 1,093 |
| | Jindal Steel & Power Ltd. | 196,592 | 1,092 |
| *,2 | Bandhan Bank Ltd. | 377,888 | 1,091 |
| | Cummins India Ltd. | 65,791 | 1,071 |
| | APL Apollo Tubes Ltd. | 81,607 | 1,066 |
| | Navin Fluorine International Ltd. | 18,229 | 1,003 |
| | Deepak Nitrite Ltd. | 35,748 | 1,001 |
| | Lupin Ltd. | 118,374 | 1,000 |
| | Tata Chemicals Ltd. | 72,907 | 999 |
| * | Max Financial Services Ltd. | 115,449 | 989 |
| | Dixon Technologies India Ltd. | 18,077 | 988 |
| | Mphasis Ltd. | 41,262 | 986 |
| | Bank of Baroda | 541,040 | 966 |
| | Balkrishna Industries Ltd. | 40,442 | 960 |
| | Torrent Pharmaceuticals Ltd. | 47,806 | 954 |
| | Wipro Ltd. | 203,506 | 952 |
| | Mindtree Ltd. | 23,055 | 948 |
| | Indus Towers Ltd. | 422,005 | 947 |
| | ABB India Ltd. | 25,255 | 930 |
| | Petronet LNG Ltd. | 369,492 | 918 |
| | Dalmia Bharat Ltd. | 45,215 | 876 |
| | | Shares | Market
Value•
($000) |
| | Tata Communications Ltd. | 56,731 | 863 |
| | Berger Paints India Ltd. | 121,482 | 861 |
| | Hindustan Petroleum Corp. Ltd. | 330,006 | 853 |
| | Indraprastha Gas Ltd. | 164,037 | 850 |
| | Atul Ltd. | 8,249 | 835 |
| | IIFL Finance Ltd. | 163,473 | 830 |
| * | Fortis Healthcare Ltd. | 243,889 | 818 |
| | Aurobindo Pharma Ltd. | 124,615 | 810 |
| | Bosch Ltd. | 4,049 | 807 |
| | Gujarat Fluorochemicals Ltd. | 17,625 | 807 |
| | NIIT Technologies Ltd. | 17,271 | 795 |
| 2 | HDFC Asset Management Co. Ltd. | 31,598 | 793 |
| | Supreme Industries Ltd. | 30,162 | 792 |
| | Power Finance Corp. Ltd. | 566,450 | 789 |
| | Motherson Sumi Systems Ltd. | 993,276 | 774 |
| | Phoenix Mills Ltd. | 43,888 | 757 |
| | REC Ltd. | 602,888 | 747 |
| | Biocon Ltd. | 228,435 | 745 |
| | LIC Housing Finance Ltd. | 151,725 | 744 |
| | Muthoot Finance Ltd. | 57,911 | 731 |
| | Cadila Healthcare Ltd. | 138,637 | 727 |
| | Ipca Laboratories Ltd. | 65,974 | 722 |
| | Emami Ltd. | 125,311 | 718 |
| | Aarti Industries Ltd. | 83,790 | 708 |
| 2 | Sona Blw Precision Forgings Ltd. | 125,613 | 708 |
| | JSW Energy Ltd. | 173,029 | 706 |
| | Sundram Fasteners Ltd. | 61,310 | 694 |
| | AIA Engineering Ltd. | 21,364 | 693 |
| | Schaeffler India Ltd. | 20,763 | 691 |
| | Coromandel International Ltd. | 59,367 | 690 |
| | Torrent Power Ltd. | 111,496 | 680 |
| * | Aditya Birla Fashion and Retail Ltd. | 158,219 | 677 |
| | Mahindra & Mahindra Financial Services Ltd. | 275,297 | 672 |
| | NMDC Ltd. (XNSE) | 556,697 | 671 |
| | Steel Authority of India Ltd. | 697,604 | 664 |
| * | Godrej Properties Ltd. | 42,574 | 650 |
| | Bata India Ltd. | 29,358 | 649 |
| | Canara Bank | 182,128 | 640 |
| | United Breweries Ltd. | 31,665 | 633 |
| | KPIT Technologies Ltd. | 73,593 | 631 |
| | Honeywell Automation India Ltd. | 1,309 | 622 |
| | Elgi Equipments Ltd. | 105,083 | 616 |
| * | Adani Wilmar Ltd. | 75,452 | 613 |
| | Motherson Sumi Wiring India Ltd. | 580,432 | 611 |
| | Ramco Cements Ltd. | 69,931 | 610 |
| | Minda Industries Ltd. | 94,012 | 610 |
| | Piramal Enterprises Ltd. | 58,918 | 605 |
| | Oberoi Realty Ltd. | 53,475 | 599 |
| | NHPC Ltd. | 1,145,792 | 590 |
| | Solar Industries India Ltd. | 12,439 | 586 |
| | City Union Bank Ltd. | 259,238 | 583 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Apollo Tyres Ltd. | 164,607 | 579 |
| | Gujarat Gas Ltd. | 91,074 | 571 |
| 2 | Dr Lal PathLabs Ltd. | 18,193 | 564 |
| 2 | L&T Technology Services Ltd. | 13,028 | 557 |
| | Blue Star Ltd. | 36,688 | 549 |
| | IDFC Ltd. | 585,218 | 548 |
| | Rajesh Exports Ltd. | 65,522 | 547 |
| | JK Cement Ltd. | 16,263 | 534 |
| | SKF India Ltd. | 9,811 | 522 |
| | Grindwell Norton Ltd. | 20,520 | 521 |
| * | PVR Ltd. | 23,839 | 512 |
| * | GMR Infrastructure Ltd. | 1,118,695 | 507 |
| | Computer Age Management Services Ltd. | 16,452 | 507 |
| | Bharat Heavy Electricals Ltd. | 563,559 | 504 |
| | Kajaria Ceramics Ltd. | 38,260 | 501 |
| | Sonata Software Ltd. | 78,232 | 495 |
| | Central Depository Services India Ltd. | 33,206 | 491 |
| | Thermax Ltd. | 18,593 | 488 |
| | JB Chemicals & Pharmaceuticals Ltd. | 20,397 | 487 |
| | Carborundum Universal Ltd. | 47,096 | 482 |
| | Ratnamani Metals & Tubes Ltd. | 19,300 | 481 |
| | Exide Industries Ltd. | 232,558 | 466 |
| | Alkem Laboratories Ltd. | 12,225 | 466 |
| | Escorts Ltd. | 18,253 | 449 |
| * | Macrotech Developers Ltd. | 37,308 | 447 |
| *,2 | RBL Bank Ltd. | 273,031 | 446 |
| | KEI Industries Ltd. | 22,836 | 446 |
| | Lakshmi Machine Works Ltd. | 2,833 | 441 |
| | Brigade Enterprises Ltd. | 71,580 | 433 |
| | Radico Khaitan Ltd. | 33,906 | 427 |
| | Narayana Hrudayalaya Ltd. | 44,644 | 427 |
| | L&T Finance Holdings Ltd. | 432,884 | 424 |
| | India Cements Ltd. | 143,258 | 418 |
| * | EIH Ltd. | 178,526 | 418 |
| | Bayer CropScience Ltd. | 7,372 | 417 |
| * | Suzlon Energy Ltd. | 4,329,403 | 416 |
| | Angel One Ltd. | 21,408 | 415 |
| | National Aluminium Co. Ltd. | 487,109 | 413 |
| | Can Fin Homes Ltd. | 64,288 | 408 |
| | Natco Pharma Ltd. | 56,024 | 407 |
| | Relaxo Footwears Ltd. | 34,486 | 403 |
| * | FSN E-Commerce Ventures Ltd. | 28,913 | 403 |
| | Pfizer Ltd. | 7,572 | 400 |
| | Hindustan Zinc Ltd. | 116,426 | 399 |
| | Polycab India Ltd. | 11,828 | 397 |
| | Century Textiles & Industries Ltd. | 38,230 | 396 |
| * | Indiabulls Real Estate Ltd. | 420,257 | 396 |
| * | Vodafone Idea Ltd. | 3,807,445 | 394 |
| | Great Eastern Shipping Co. Ltd. | 58,258 | 392 |
| | Timken India Ltd. | 10,739 | 389 |
| | Glenmark Pharmaceuticals Ltd. | 79,307 | 388 |
| | | Shares | Market
Value•
($000) |
| | Oil India Ltd. | 166,655 | 388 |
| | Castrol India Ltd. | 256,622 | 385 |
| | Asahi India Glass Ltd. | 51,501 | 384 |
| | GlaxoSmithKline Pharmaceuticals Ltd. | 22,920 | 381 |
| 2 | Brookfield India Real Estate Trust | 99,994 | 381 |
| | Amara Raja Batteries Ltd. | 61,361 | 380 |
| | Multi Commodity Exchange of India Ltd. | 20,196 | 375 |
| | Deepak Fertilisers & Petrochemicals Corp. Ltd. | 32,049 | 374 |
| 2 | Indian Energy Exchange Ltd. | 220,407 | 373 |
| | IIFL Wealth Management Ltd. | 17,268 | 370 |
| | Kansai Nerolac Paints Ltd. | 62,764 | 369 |
| | CESC Ltd. | 394,390 | 366 |
| | Sun TV Network Ltd. | 57,602 | 364 |
| | Union Bank of India | 550,356 | 359 |
| | Magma Fincorp Ltd. | 93,729 | 357 |
| | Bharti Airtel Ltd. | 66,856 | 356 |
| | Gujarat State Petronet Ltd. | 129,583 | 355 |
| | Mahanagar Gas Ltd. | 33,939 | 353 |
| * | Piramal Pharma Ltd. | 176,495 | 352 |
| | Sumitomo Chemical India Ltd. | 58,716 | 350 |
| | Redington India Ltd. | 210,294 | 347 |
| * | Affle India Ltd. | 24,865 | 347 |
| * | Aptus Value Housing Finance India Ltd. | 90,788 | 347 |
| * | PB Fintech Ltd. | 74,082 | 346 |
| 2 | Syngene International Ltd. | 45,163 | 345 |
| * | Star Health & Allied Insurance Co. Ltd. | 39,731 | 343 |
| * | One 97 Communications Ltd. | 44,138 | 341 |
| | IRB Infrastructure Developers Ltd. | 120,267 | 340 |
| | DCM Shriram Ltd. | 26,845 | 339 |
| | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 39,441 | 339 |
| * | 3M India Ltd. | 1,196 | 337 |
| 2 | Eris Lifesciences Ltd. | 37,758 | 337 |
| | Sanofi India Ltd. | 4,933 | 334 |
| | Cyient Ltd. | 36,852 | 334 |
| *,2 | Aster DM Healthcare Ltd. | 110,767 | 331 |
| | Punjab National Bank | 638,940 | 329 |
| | Linde India Ltd. | 8,872 | 329 |
| 2 | Mindspace Business Parks REIT | 75,400 | 324 |
| | Vinati Organics Ltd. | 14,035 | 324 |
| | Cholamandalam Financial Holdings Ltd. | 41,281 | 313 |
| | HFCL Ltd. | 311,698 | 312 |
| * | CreditAccess Grameen Ltd. | 26,249 | 310 |
| | Ceat Ltd. | 16,571 | 309 |
| | UTI Asset Management Co. Ltd. | 36,255 | 308 |
| | EID Parry India Ltd. | 40,323 | 302 |
| | Prestige Estates Projects Ltd. | 55,794 | 298 |
| | | Shares | Market
Value•
($000) |
| *,2 | Lemon Tree Hotels Ltd. | 291,511 | 297 |
| | Happiest Minds Technologies Ltd. | 25,214 | 296 |
| * | Indiabulls Housing Finance Ltd. | 186,383 | 292 |
| | Gillette India Ltd. | 4,702 | 292 |
| | Manappuram Finance Ltd. | 228,561 | 291 |
| | CRISIL Ltd. | 7,981 | 289 |
| * | Aavas Financiers Ltd. | 11,752 | 287 |
| * | Tata Teleservices Maharashtra Ltd. | 230,716 | 284 |
| | Chambal Fertilizers and Chemicals Ltd. | 71,796 | 283 |
| * | Godrej Industries Ltd. | 54,281 | 282 |
| | Raymond Ltd. | 19,219 | 278 |
| | Hatsun Agro Product Ltd. | 23,950 | 277 |
| | Rain Industries Ltd. | 136,140 | 276 |
| | Akzo Nobel India Ltd. | 10,690 | 276 |
| *,2 | Tejas Networks Ltd. | 32,448 | 270 |
| | GHCL Ltd. | 33,982 | 266 |
| | VIP Industries Ltd. | 29,269 | 265 |
| | Praj Industries Ltd. | 52,825 | 264 |
| | Blue Dart Express Ltd. | 2,868 | 263 |
| | Edelweiss Financial Services Ltd. | 370,357 | 259 |
| *,3 | NMDC Ltd. | 556,697 | 259 |
| | Zydus Wellness Ltd. | 12,043 | 256 |
| 2 | ICICI Securities Ltd. | 40,951 | 255 |
| | Bajaj Electricals Ltd. | 18,062 | 255 |
| | KPR Mill Ltd. | 37,918 | 253 |
| | Gujarat Pipavav Port Ltd. | 241,727 | 251 |
| | Fine Organic Industries Ltd. | 3,619 | 251 |
| | V-Guard Industries Ltd. | 80,619 | 250 |
| * | Shree Renuka Sugars Ltd. | 381,665 | 249 |
| 2 | Nippon Life India Asset Management Ltd. | 75,895 | 248 |
| | KEC International Ltd. | 46,524 | 248 |
| | EPL Ltd. | 133,127 | 247 |
| | Vedant Fashions Ltd. | 14,114 | 247 |
| | Finolex Cables Ltd. | 38,898 | 245 |
| * | Amber Enterprises India Ltd. | 9,641 | 241 |
| | Trident Ltd. | 564,587 | 240 |
| * | Devyani International Ltd. | 101,229 | 237 |
| * | Aditya Birla Capital Ltd. | 166,880 | 236 |
| | Balaji Amines Ltd. | 6,454 | 236 |
| 2 | Endurance Technologies Ltd. | 14,247 | 233 |
| | Engineers India Ltd. | 271,348 | 230 |
| | Tanla Platforms Ltd. | 25,446 | 228 |
| * | Nuvoco Vistas Corp. Ltd. | 47,490 | 228 |
| | BSE Ltd. | 31,761 | 227 |
| | Ajanta Pharma Ltd. | 14,443 | 226 |
| | NOCIL Ltd. | 76,124 | 223 |
| | Shriram City Union Finance Ltd. | 9,940 | 219 |
| 2 | Metropolis Healthcare Ltd. | 10,629 | 217 |
| | NCC Ltd. | 239,084 | 216 |
| | JK Lakshmi Cement Ltd. | 32,258 | 216 |
| | GMM Pfaudler Ltd. | 9,585 | 214 |
| | Granules India Ltd. | 46,976 | 212 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Bajaj Consumer Care Ltd. | 109,716 | 211 |
| | Karur Vysya Bank Ltd. | 167,704 | 211 |
| | Jubilant Ingrevia Ltd. | 33,633 | 209 |
| | Whirlpool of India Ltd. | 10,912 | 208 |
| | Birlasoft Ltd. | 62,955 | 206 |
| | Mahindra CIE Automotive Ltd. | 56,317 | 205 |
| * | Reliance Power Ltd. | 1,053,346 | 205 |
| | Rallis India Ltd. | 74,494 | 204 |
| | Aegis Logistics Ltd. | 54,258 | 204 |
| | Vardhman Textiles Ltd. | 50,065 | 204 |
| * | Sheela Foam Ltd. | 6,071 | 204 |
| | Alkyl Amines Chemicals Ltd. | 5,678 | 203 |
| | Finolex Industries Ltd. | 125,114 | 203 |
| | Brightcom Group Ltd. | 506,458 | 203 |
| | Century Plyboards India Ltd. | 27,829 | 202 |
| | CCL Products India Ltd. | 32,979 | 200 |
| | Intellect Design Arena Ltd. | 38,054 | 199 |
| | Jubilant Pharmova Ltd. Class A (XNSE) | 44,430 | 197 |
| | V-Mart Retail Ltd. | 5,403 | 196 |
| | Sobha Ltd. | 25,879 | 196 |
| | Hitachi Energy India Ltd. | 5,131 | 196 |
| | Indian Bank | 63,128 | 194 |
| | Bombay Burmah Trading Co. | 18,422 | 194 |
| * | Westlife Development Ltd. | 21,378 | 193 |
| | Poly Medicure Ltd. | 17,306 | 193 |
| 2 | Indian Railway Finance Corp. Ltd. | 698,889 | 191 |
| | Mahindra Lifespace Developers Ltd. | 39,289 | 191 |
| *,2 | Krishna Institute of Medical Sciences Ltd. | 10,514 | 189 |
| | Suven Pharmaceuticals Ltd. | 38,922 | 187 |
| | KRBL Ltd. | 38,028 | 184 |
| | Clean Science & Technology Ltd. | 9,645 | 184 |
| | Route Mobile Ltd. | 11,442 | 181 |
| * | Inox Leisure Ltd. | 28,812 | 179 |
| | Balrampur Chini Mills Ltd. | 46,302 | 177 |
| * | Strides Pharma Science Ltd. | 46,763 | 175 |
| 2 | Quess Corp. Ltd. | 26,211 | 175 |
| | Orient Electric Ltd. | 53,418 | 174 |
| | NBCC India Ltd. | 437,665 | 172 |
| | Galaxy Surfactants Ltd. | 4,894 | 172 |
| 2 | IndiaMart InterMesh Ltd. | 3,084 | 171 |
| | Mastek Ltd. | 8,185 | 167 |
| | Karnataka Bank Ltd. | 140,736 | 164 |
| | TTK Prestige Ltd. | 14,490 | 163 |
| | BASF India Ltd. | 4,679 | 162 |
| | Saregama India Ltd. | 35,469 | 161 |
| | Garware Technical Fibres Ltd. | 3,805 | 161 |
| | Welspun India Ltd. | 168,228 | 159 |
| | Bank of India | 217,534 | 158 |
| | Firstsource Solutions Ltd. | 125,955 | 158 |
| | Avanti Feeds Ltd. | 29,194 | 156 |
| *,2 | PNB Housing Finance Ltd. | 28,982 | 154 |
| | | Shares | Market
Value•
($000) |
| | KNR Constructions Ltd. | 57,023 | 154 |
| 2 | Godrej Agrovet Ltd. | 25,053 | 152 |
| | PNC Infratech Ltd. | 48,109 | 150 |
| | Procter & Gamble Health Ltd. | 3,042 | 148 |
| | Gateway Rail Freight Ltd. | 168,614 | 148 |
| * | Chemplast Sanmar Ltd. | 32,661 | 148 |
| * | TeamLease Services Ltd. | 4,127 | 145 |
| | Infibeam Avenues Ltd. (XNSE) | 678,952 | 145 |
| | eClerx Services Ltd. | 9,022 | 144 |
| * | Borosil Renewables Ltd. | 20,853 | 142 |
| * | Equitas Holdings Ltd. | 115,228 | 141 |
| | Sterlite Technologies Ltd. | 70,464 | 140 |
| | Welspun Corp. Ltd. | 51,311 | 138 |
| 2 | General Insurance Corp. of India | 92,423 | 138 |
| * | South Indian Bank Ltd. | 829,833 | 137 |
| * | Restaurant Brands Asia Ltd. | 93,494 | 137 |
| | Birla Corp. Ltd. | 12,063 | 135 |
| | NIIT Ltd. | 40,043 | 135 |
| | Polyplex Corp. Ltd. | 6,575 | 134 |
| | Zensar Technologies Ltd. | 49,368 | 133 |
| | Motilal Oswal Financial Services Ltd. | 15,992 | 132 |
| | JM Financial Ltd. | 148,001 | 122 |
| | Alembic Pharmaceuticals Ltd. | 18,294 | 122 |
| * | Medplus Health Services Ltd. | 17,016 | 122 |
| | Graphite India Ltd. | 28,273 | 121 |
| | AstraZeneca Pharma India Ltd. | 2,814 | 112 |
| | Care Ratings Ltd. | 18,315 | 108 |
| | Vaibhav Global Ltd. | 25,010 | 106 |
| 2 | New India Assurance Co. Ltd. | 94,543 | 102 |
| * | Sun Pharma Advanced Research Co. Ltd. | 32,065 | 100 |
| * | Dhani Services Ltd. | 139,298 | 96 |
| *,3 | Aarti Pharmalabs Ltd. | 20,947 | 96 |
| * | IFCI Ltd. | 736,143 | 91 |
| | Vakrangee Ltd. | 236,119 | 90 |
| * | Alok Industries Ltd. | 457,474 | 86 |
| | PTC India Ltd. | 96,216 | 84 |
| * | TV18 Broadcast Ltd. | 188,630 | 80 |
| | DCB Bank Ltd. | 60,028 | 78 |
| | HEG Ltd. | 5,902 | 75 |
| | Symphony Ltd. | 7,065 | 72 |
| * | Hindustan Construction Co. Ltd. | 413,160 | 70 |
| | Kaveri Seed Co. Ltd. | 11,057 | 65 |
| * | Mangalore Refinery & Petrochemicals Ltd. | 97,251 | 63 |
| * | Wockhardt Ltd. | 20,742 | 59 |
| | Jindal Saw Ltd. | 61,019 | 57 |
| * | Just Dial Ltd. | 7,189 | 55 |
| 2 | Dilip Buildcon Ltd. | 13,777 | 36 |
| * | Future Retail Ltd. | 51,793 | 2 |
| | | | 590,151 |
| | | Shares | Market
Value•
($000) |
| Indonesia (0.2%) |
| | Bank Central Asia Tbk PT | 28,026,920 | 15,843 |
| | Bank Rakyat Indonesia Persero Tbk PT | 32,974,742 | 9,838 |
| | Telkom Indonesia Persero Tbk PT | 23,992,340 | 6,738 |
| | Bank Mandiri Persero Tbk PT | 9,203,232 | 6,217 |
| | Astra International Tbk PT | 10,074,530 | 4,305 |
| | Bank Negara Indonesia Persero Tbk PT | 3,651,830 | 2,202 |
| | Sumber Alfaria Trijaya Tbk PT | 9,248,400 | 1,671 |
| | Adaro Energy Tbk PT | 6,340,400 | 1,618 |
| | United Tractors Tbk PT | 737,460 | 1,526 |
| | Elang Mahkota Teknologi Tbk PT | 14,286,300 | 1,416 |
| | Charoen Pokphand Indonesia Tbk PT | 3,757,600 | 1,342 |
| | Kalbe Farma Tbk PT | 8,758,300 | 1,152 |
| | Sarana Menara Nusantara Tbk PT | 12,645,500 | 936 |
| | Indofood Sukses Makmur Tbk PT | 2,164,100 | 895 |
| | Unilever Indonesia Tbk PT | 2,825,500 | 841 |
| | Indah Kiat Pulp & Paper Corp. Tbk PT | 1,306,100 | 804 |
| | Semen Indonesia Persero Tbk PT | 1,435,500 | 732 |
| | Indofood CBP Sukses Makmur Tbk PT | 1,153,700 | 720 |
| | Perusahaan Gas Negara Persero Tbk PT | 5,370,300 | 681 |
| | Barito Pacific Tbk PT | 12,191,400 | 645 |
| | Indo Tambangraya Megah Tbk PT | 221,200 | 637 |
| | Mitra Keluarga Karyasehat Tbk PT | 2,952,700 | 523 |
| | Indocement Tunggal Prakarsa Tbk PT | 871,700 | 519 |
| | Dayamitra Telekomunikasi PT | 11,275,900 | 516 |
| | Bukit Asam Tbk PT | 1,937,900 | 485 |
| | Medikaloka Hermina Tbk PT | 5,049,000 | 483 |
| | Aneka Tambang Tbk | 3,908,400 | 463 |
| | Ciputra Development Tbk PT | 7,473,430 | 450 |
| * | Vale Indonesia Tbk PT | 1,071,800 | 448 |
| | AKR Corporindo Tbk PT | 4,222,200 | 423 |
| | Pakuwon Jati Tbk PT | 14,553,500 | 409 |
| | Pabrik Kertas Tjiwi Kimia Tbk PT | 735,400 | 368 |
| | Gudang Garam Tbk PT | 237,600 | 367 |
| | Bank Pan Indonesia Tbk PT | 2,092,200 | 322 |
| | XL Axiata Tbk PT | 1,926,800 | 311 |
| * | Mitra Adiperkasa Tbk PT | 3,978,800 | 308 |
| | Matahari Department Store Tbk PT | 1,013,000 | 303 |
| | Japfa Comfeed Indonesia Tbk PT | 3,336,200 | 296 |
| | Medco Energi Internasional Tbk PT | 3,935,581 | 292 |
| | Tower Bersama Infrastructure Tbk PT | 1,833,955 | 290 |
| | Panin Financial Tbk PT | 7,071,800 | 288 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Waskita Karya Persero Tbk PT | 9,251,808 | 285 |
| | Hanjaya Mandala Sampoerna Tbk PT | 4,323,200 | 279 |
| | Avia Avian Tbk PT | 5,287,600 | 266 |
| * | Smartfren Telecom Tbk PT | 51,136,100 | 255 |
| * | MNC Digital Entertainment Tbk PT | 778,100 | 251 |
| | BFI Finance Indonesia Tbk PT | 3,321,200 | 236 |
| * | Bumi Serpong Damai Tbk PT | 3,763,400 | 224 |
| | Mayora Indah Tbk PT | 1,335,900 | 205 |
| * | Jasa Marga Persero Tbk PT | 928,317 | 203 |
| | Indosat Tbk PT | 429,300 | 186 |
| * | Bank Neo Commerce Tbk PT | 3,254,400 | 186 |
| | Summarecon Agung Tbk PT | 4,629,266 | 176 |
| | Surya Citra Media Tbk PT | 11,298,100 | 170 |
| | Bank BTPN Syariah Tbk PT | 826,900 | 157 |
| | Industri Jamu Dan Farmasi Sido Muncul Tbk PT | 3,103,700 | 147 |
| | Bank Tabungan Negara Persero Tbk PT | 1,289,700 | 128 |
| * | Lippo Karawaci Tbk PT | 19,524,292 | 125 |
| | LEG Immobilien SE | 1,229,514 | 110 |
| | Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 1,217,790 | 107 |
| | Timah Tbk PT | 1,216,300 | 106 |
| | Media Nusantara Citra Tbk PT | 1,784,200 | 94 |
| | Ace Hardware Indonesia Tbk PT | 2,595,300 | 94 |
| * | Bank Bukopin Tbk PT (XIDX) | 10,816,700 | 94 |
| | Astra Agro Lestari Tbk PT | 170,855 | 93 |
| * | Bank Rakyat Indonesia Agroniaga Tbk PT | 1,853,845 | 71 |
| * | Wijaya Karya Persero Tbk PT | 1,149,145 | 67 |
| | Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 725,400 | 53 |
| | Ramayana Lestari Sentosa Tbk PT | 1,190,900 | 44 |
| | Bank Danamon Indonesia Tbk PT | 189,500 | 41 |
| * | Surya Semesta Internusa Tbk PT | 1,909,000 | 40 |
| * | Krakatau Steel Persero Tbk PT | 1,444,300 | 35 |
| * | Alam Sutera Realty Tbk PT | 2,990,900 | 33 |
| *,3 | Trada Alam Minera Tbk PT | 10,114,628 | 32 |
| * | PP Persero Tbk PT | 528,300 | 30 |
| * | Global Mediacom Tbk PT | 1,211,000 | 23 |
| * | Adhi Karya Persero Tbk PT | 620,300 | 22 |
| * | Adhi Karya Persero Tbk PT Rights Exp. 11/8/22 | 1,227,153 | — |
| | | | 73,291 |
| | | Shares | Market
Value•
($000) |
| Ireland (0.1%) |
| | Kerry Group plc Class A | 78,170 | 6,789 |
| | Kingspan Group plc | 76,981 | 3,881 |
| | Bank of Ireland Group plc | 471,316 | 3,394 |
| | AIB Group plc | 478,171 | 1,383 |
| | Glanbia plc (XDUB) | 90,141 | 1,041 |
| * | Dalata Hotel Group plc | 101,203 | 325 |
| *,3 | Irish Bank Resolution Corp. | 14,385 | — |
| | | | 16,813 |
| Israel (0.2%) |
| | Bank Leumi Le-Israel BM | 799,955 | 7,631 |
| | Bank Hapoalim BM | 684,425 | 6,597 |
| * | Nice Ltd. | 33,306 | 6,277 |
| * | Teva Pharmaceutical Industries Ltd. | 505,652 | 4,521 |
| | ICL Group Ltd. | 391,591 | 3,531 |
| | Israel Discount Bank Ltd. Class A | 594,640 | 3,381 |
| | Mizrahi Tefahot Bank Ltd. | 66,636 | 2,519 |
| | Elbit Systems Ltd. | 12,270 | 2,483 |
| * | Tower Semiconductor Ltd. | 52,167 | 2,229 |
| | Bezeq The Israeli Telecommunication Corp. Ltd. | 1,005,470 | 1,780 |
| | Azrieli Group Ltd. | 19,336 | 1,432 |
| | First International Bank of Israel Ltd. | 25,781 | 1,113 |
| * | Nova Ltd. | 13,313 | 974 |
| | Mivne Real Estate KD Ltd. | 288,962 | 898 |
| | Shufersal Ltd. | 128,924 | 880 |
| * | Enlight Renewable Energy Ltd. | 434,073 | 879 |
| | Big Shopping Centers Ltd. | 6,898 | 773 |
| | Israel Corp. Ltd. | 1,723 | 746 |
| * | Delek Group Ltd. | 4,481 | 682 |
| | Phoenix Holdings Ltd. | 59,575 | 645 |
| | Alony Hetz Properties & Investments Ltd. | 54,815 | 643 |
| * | Airport City Ltd. | 37,952 | 628 |
| * | Paz Oil Co. Ltd. | 4,895 | 585 |
| * | OPC Energy Ltd. | 47,279 | 581 |
| * | Fattal Holdings 1998 Ltd. | 5,492 | 558 |
| | Harel Insurance Investments & Financial Services Ltd. | 57,896 | 557 |
| | Melisron Ltd. | 7,323 | 543 |
| * | Clal Insurance Enterprises Holdings Ltd. | 30,748 | 531 |
| | REIT 1 Ltd. | 101,213 | 531 |
| | Electra Ltd. | 897 | 522 |
| * | Kamada Ltd. | 113,394 | 519 |
| | Amot Investments Ltd. | 78,869 | 477 |
| * | Perion Network Ltd. | 20,814 | 477 |
| | Fox Wizel Ltd. | 3,843 | 468 |
| | Strauss Group Ltd. | 18,651 | 467 |
| | Shapir Engineering and Industry Ltd. | 55,560 | 458 |
| | Sapiens International Corp. NV | 22,385 | 440 |
| | Ashtrom Group Ltd. | 20,230 | 440 |
| | FIBI Holdings Ltd. | 9,088 | 428 |
| | | Shares | Market
Value•
($000) |
| * | Shikun & Binui Ltd. | 106,856 | 424 |
| | Formula Systems 1985 Ltd. | 5,155 | 418 |
| | Sella Capital Real Estate Ltd. | 141,777 | 365 |
| | Hilan Ltd. | 6,811 | 357 |
| * | Partner Communications Co. Ltd. | 39,795 | 300 |
| | Summit Real Estate Holdings Ltd. | 20,728 | 289 |
| | Energix-Renewable Energies Ltd. | 82,368 | 288 |
| | Oil Refineries Ltd. | 737,263 | 275 |
| | Isracard Ltd. | 92,515 | 274 |
| | Matrix IT Ltd. | 12,675 | 273 |
| | One Software Technologies Ltd. | 19,326 | 268 |
| | Delek Automotive Systems Ltd. | 20,634 | 266 |
| * | Camtek Ltd. | 11,381 | 257 |
| | Elco Ltd. | 4,366 | 252 |
| | Kenon Holdings Ltd. | 6,499 | 249 |
| | Mega Or Holdings Ltd. | 8,209 | 239 |
| | Maytronics Ltd. | 22,147 | 239 |
| | Delta Galil Industries Ltd. | 5,243 | 237 |
| | Danel Adir Yeoshua Ltd. | 1,767 | 205 |
| * | Menora Mivtachim Holdings Ltd. | 9,950 | 203 |
| | Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 2,924 | 203 |
| * | Equital Ltd. | 6,279 | 194 |
| | AudioCodes Ltd. | ��� 9,082 | 185 |
| | Israel Canada T.R Ltd. | 61,969 | 179 |
| * | Cellcom Israel Ltd. | 32,887 | 165 |
| | Migdal Insurance & Financial Holdings Ltd. | 122,731 | 147 |
| | Gav-Yam Lands Corp. Ltd. | 13,562 | 115 |
| | AFI Properties Ltd. | 3,405 | 102 |
| | G City Ltd. | 29,496 | 95 |
| | IDI Insurance Co. Ltd. | 2,463 | 66 |
| * | Gilat Satellite Networks Ltd. | 10,809 | 65 |
| * | Allot Ltd. | 12,665 | 50 |
| | Naphtha Israel Petroleum Corp. Ltd. | 9,312 | 48 |
| * | Compugen Ltd. | 36,694 | 33 |
| | | | 67,149 |
| Italy (0.6%) |
| | Enel SpA | 3,910,768 | 17,471 |
| | Eni SpA | 1,234,764 | 16,217 |
| | Intesa Sanpaolo SpA | 8,462,775 | 16,135 |
| | Stellantis NV | 1,025,322 | 13,833 |
| | UniCredit SpA | 985,165 | 12,217 |
| | Ferrari NV | 60,811 | 11,988 |
| | Assicurazioni Generali SpA | 679,175 | 10,192 |
| | CNH Industrial NV | 515,836 | 6,673 |
| | Atlantia SpA | 266,653 | 5,948 |
| | Snam SpA (MTAA) | 1,111,311 | 4,941 |
| | Terna - Rete Elettrica Nazionale | 735,559 | 4,878 |
| | Prysmian SpA | 141,815 | 4,616 |
| | Moncler SpA | 106,030 | 4,575 |
| | FinecoBank Banca Fineco SpA | 317,796 | 4,282 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| *,2 | Nexi SpA | 384,893 | 3,328 |
| | Mediobanca Banca di Credito Finanziario SpA | 361,704 | 3,277 |
| | Tenaris SA | 155,512 | 2,434 |
| | Davide Campari-Milano NV | 241,906 | 2,172 |
| | Banco BPM SpA | 702,156 | 2,124 |
| 2 | Poste Italiane SpA | 231,717 | 2,019 |
| | Recordati Industria Chimica e Farmaceutica SpA | 47,479 | 1,784 |
| | Amplifon SpA | 70,497 | 1,751 |
| | Leonardo SpA | 193,375 | 1,554 |
| 2 | Infrastrutture Wireless Italiane SpA | 168,678 | 1,489 |
| | Tenaris SA ADR | 45,891 | 1,442 |
| | Interpump Group SpA | 36,898 | 1,429 |
| * | Telecom Italia SpA | 7,276,562 | 1,424 |
| | DiaSorin SpA | 10,646 | 1,392 |
| | Italgas SpA | 246,591 | 1,271 |
| | Reply SpA | 10,585 | 1,151 |
| | Unipol Gruppo SpA | 252,117 | 1,085 |
| | ERG SpA | 32,477 | 1,019 |
| | Brunello Cucinelli SpA | 16,753 | 971 |
| | Banca Generali SpA | 31,446 | 940 |
| | BPER Banca | 486,672 | 900 |
| | Hera SpA | 361,264 | 861 |
| 2 | Pirelli & C SpA | 228,210 | 861 |
| | Banca Mediolanum SpA | 114,118 | 854 |
| | Azimut Holding SpA | 52,787 | 850 |
| | Brembo SpA | 75,651 | 791 |
| | A2A SpA | 701,391 | 778 |
| | Buzzi Unicem SpA | 44,809 | 744 |
| | Banca Popolare di Sondrio SpA | 193,474 | 694 |
| 2 | Enav SpA | 156,225 | 604 |
| 2 | BFF Bank SpA | 85,673 | 604 |
| | De' Longhi SpA | 34,490 | 595 |
| * | Autogrill SpA | 86,496 | 541 |
| * | Iveco Group NV | 90,981 | 492 |
| * | Telecom Italia SpA Savings Shares | 2,481,528 | 474 |
| 2 | Carel Industries SpA | 21,189 | 462 |
| | Salvatore Ferragamo SpA | 31,242 | 459 |
| 2 | Technogym SpA | 63,727 | 438 |
| *,1 | Banca Monte dei Paschi di Siena SpA | 230,726 | 435 |
| | Iren SpA | 285,196 | 424 |
| | UnipolSai Assicurazioni SpA | 175,849 | 397 |
| | Tamburi Investment Partners SpA | 48,617 | 342 |
| | Sesa SpA | 3,135 | 340 |
| 2 | Anima Holding SpA | 108,107 | 335 |
| * | Saras SpA | 277,226 | 335 |
| | Sanlorenzo SpA | 9,428 | 302 |
| | Piaggio & C SpA | 116,725 | 300 |
| 2 | RAI Way SpA | 60,677 | 291 |
| | Danieli & C Officine Meccaniche SpA | 14,064 | 287 |
| | El.En. SpA | 23,497 | 287 |
| | ACEA SpA | 22,675 | 286 |
| 1 | Maire Tecnimont SpA | 87,046 | 270 |
| | SOL SpA | 12,905 | 232 |
| *,2 | GVS SpA | 37,723 | 194 |
| | Gruppo MutuiOnline SpA | 8,773 | 194 |
| 1 | Webuild SpA (MTAA) | 139,245 | 189 |
| | Danieli & C Officine Meccaniche SpA Savings Shares | 13,477 | 185 |
| | | Shares | Market
Value•
($000) |
| *,1 | Fincantieri SpA | 363,537 | 185 |
| | Immobiliare Grande Distribuzione SIIQ SpA | 63,816 | 184 |
| * | Intercos SpA | 18,318 | 182 |
| | Zignago Vetro SpA | 13,478 | 170 |
| | Banca IFIS SpA | 13,418 | 158 |
| | Tinexta SpA | 7,571 | 152 |
| * | CIR SpA-Compagnie Industriali | 356,743 | 151 |
| | MARR SpA | 13,886 | 146 |
| * | Tod's SpA | 4,506 | 141 |
| | Credito Emiliano SpA | 23,562 | 140 |
| 2 | doValue SpA | 22,034 | 127 |
| | Arnoldo Mondadori Editore SpA | 74,965 | 126 |
| | Salcef SpA | 7,596 | 119 |
| | Italmobiliare SpA | 4,572 | 117 |
| | Cementir Holding NV | 19,613 | 114 |
| | Alerion Cleanpower SpA | 3,159 | 112 |
| | MFE-MediaForEurope NV Class A | 292,646 | 103 |
| | Biesse SpA | 6,496 | 78 |
| | Datalogic SpA | 8,753 | 67 |
| | MFE-MediaForEurope NV Class B | 104,006 | 52 |
| *,1 | Juventus Football Club SpA | 176,171 | 48 |
| | Rizzoli Corriere Della Sera Mediagroup SpA | 37,870 | 25 |
| *,1 | Webuild SpA | 12,600 | 3 |
| | | | 188,349 |
| Japan (5.8%) |
| | Toyota Motor Corp. | 6,116,940 | 84,870 |
| | Sony Group Corp. | 623,500 | 42,046 |
| | Keyence Corp. | 100,032 | 37,719 |
| | Daiichi Sankyo Co. Ltd. | 955,200 | 30,577 |
| | Mitsubishi UFJ Financial Group Inc. | 6,015,160 | 28,415 |
| | KDDI Corp. | 827,700 | 24,464 |
| | SoftBank Group Corp. | 530,740 | 22,783 |
| | Nintendo Co. Ltd. | 532,460 | 21,617 |
| | Recruit Holdings Co. Ltd. | 700,127 | 21,544 |
| | Hitachi Ltd. | 464,652 | 21,083 |
| | Shin-Etsu Chemical Co. Ltd. | 197,956 | 20,574 |
| | Takeda Pharmaceutical Co. Ltd. | 769,039 | 20,310 |
| | Daikin Industries Ltd. | 134,763 | 20,186 |
| | Tokyo Electron Ltd. | 75,400 | 19,837 |
| | Honda Motor Co. Ltd. | 858,341 | 19,572 |
| | Sumitomo Mitsui Financial Group Inc. | 643,848 | 18,080 |
| | ITOCHU Corp. | 677,028 | 17,497 |
| | Mitsui & Co. Ltd. | 790,100 | 17,484 |
| | Tokio Marine Holdings Inc. | 952,656 | 17,248 |
| | Hoya Corp. | 179,651 | 16,701 |
| | Nippon Telegraph & Telephone Corp. | 595,600 | 16,427 |
| | Mitsubishi Corp. | 598,900 | 16,224 |
| | Seven & i Holdings Co. Ltd. | 390,700 | 14,584 |
| | Fast Retailing Co. Ltd. | 25,800 | 14,374 |
| | Murata Manufacturing Co. Ltd. | 290,274 | 13,741 |
| | Softbank Corp. | 1,383,633 | 13,649 |
| | Mizuho Financial Group Inc. | 1,260,110 | 13,629 |
| | | Shares | Market
Value•
($000) |
| | Olympus Corp. | 631,900 | 13,323 |
| | Astellas Pharma Inc. | 947,700 | 13,077 |
| | FANUC Corp. | 98,891 | 12,940 |
| | Oriental Land Co. Ltd. | 96,400 | 12,911 |
| | Nidec Corp. | 229,996 | 12,646 |
| | SMC Corp. | 28,600 | 11,480 |
| | Denso Corp. | 224,900 | 11,159 |
| | Fujitsu Ltd. | 96,240 | 11,073 |
| | Central Japan Railway Co. | 92,919 | 10,758 |
| | Bridgestone Corp. | 292,904 | 10,593 |
| | Canon Inc. | 498,300 | 10,563 |
| | Terumo Corp. | 341,328 | 10,359 |
| | Japan Tobacco Inc. | 602,882 | 10,097 |
| | East Japan Railway Co. | 185,705 | 9,895 |
| | Komatsu Ltd. | 463,250 | 9,075 |
| | ORIX Corp. | 607,360 | 8,921 |
| | Mitsui Fudosan Co. Ltd. | 462,800 | 8,862 |
| | Mitsubishi Electric Corp. | 996,340 | 8,766 |
| | Kao Corp. | 233,148 | 8,709 |
| | FUJIFILM Holdings Corp. | 179,500 | 8,212 |
| | Eisai Co. Ltd. | 135,500 | 8,171 |
| | Dai-ichi Life Holdings Inc. | 500,700 | 7,952 |
| | Chugai Pharmaceutical Co. Ltd. | 337,800 | 7,827 |
| | Suzuki Motor Corp. | 229,571 | 7,762 |
| | Panasonic Corp. | 1,087,359 | 7,745 |
| | Kubota Corp. | 550,400 | 7,678 |
| | Kyocera Corp. | 158,400 | 7,671 |
| | Toshiba Corp. | 217,500 | 7,548 |
| | Sumitomo Corp. | 577,000 | 7,336 |
| | Japan Post Holdings Co. Ltd. | 1,088,652 | 7,321 |
| | Mitsubishi Estate Co. Ltd. | 579,391 | 7,286 |
| | Otsuka Holdings Co. Ltd. | 219,200 | 7,026 |
| | Marubeni Corp. | 798,128 | 6,987 |
| | Asahi Group Holdings Ltd. | 247,352 | 6,921 |
| | Shiseido Co. Ltd. | 199,100 | 6,876 |
| | Sompo Holdings Inc. | 164,775 | 6,870 |
| | Daiwa House Industry Co. Ltd. | 333,800 | 6,725 |
| | Aeon Co. Ltd. | 359,800 | 6,710 |
| | Ajinomoto Co. Inc. | 242,200 | 6,661 |
| | Shionogi & Co. Ltd. | 140,700 | 6,534 |
| | Bandai Namco Holdings Inc. | 98,800 | 6,531 |
| | M3 Inc. | 214,038 | 6,378 |
| | MS&AD Insurance Group Holdings Inc. | 238,656 | 6,320 |
| | Unicharm Corp. | 197,700 | 6,008 |
| | Shimano Inc. | 37,600 | 5,818 |
| | Kirin Holdings Co. Ltd. | 394,100 | 5,793 |
| | TDK Corp. | 184,260 | 5,756 |
| | Nippon Steel Corp. | 417,758 | 5,731 |
| | Secom Co. Ltd. | 98,187 | 5,594 |
| | Lasertec Corp. | 38,300 | 5,382 |
| | Sumitomo Mitsui Trust Holdings Inc. | 186,746 | 5,372 |
| | Sysmex Corp. | 97,334 | 5,239 |
| | Ono Pharmaceutical Co. Ltd. | 220,400 | 5,187 |
| | Advantest Corp. | 97,689 | 5,143 |
| * | Renesas Electronics Corp. | 611,023 | 5,112 |
| | Inpex Corp. | 505,200 | 5,099 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Kikkoman Corp. | 93,550 | 5,069 |
| | Nomura Holdings Inc. | 1,558,100 | 5,042 |
| | Obic Co. Ltd. | 33,500 | 5,027 |
| | Mitsubishi Heavy Industries Ltd. | 144,287 | 4,970 |
| | West Japan Railway Co. | 123,732 | 4,906 |
| | Subaru Corp. | 309,000 | 4,830 |
| | Sekisui House Ltd. | 287,100 | 4,767 |
| | ENEOS Holdings Inc. | 1,438,507 | 4,745 |
| | Sumitomo Realty & Development Co. Ltd. | 205,446 | 4,712 |
| | Nomura Research Institute Ltd. | 205,969 | 4,558 |
| | NTT Data Corp. | 308,900 | 4,474 |
| | NEC Corp. | 134,000 | 4,436 |
| | Nippon Yusen KK | 244,900 | 4,436 |
| | Omron Corp. | 94,000 | 4,384 |
| | Toyota Industries Corp. | 82,800 | 4,265 |
| | Resona Holdings Inc. | 1,119,189 | 4,218 |
| | Asahi Kasei Corp. | 634,100 | 4,066 |
| | Toyota Tsusho Corp. | 120,900 | 4,058 |
| | Sumitomo Electric Industries Ltd. | 387,500 | 4,049 |
| | Nitto Denko Corp. | 75,100 | 3,957 |
| | Toray Industries Inc. | 783,100 | 3,804 |
| | Tokyo Gas Co. Ltd. | 210,700 | 3,766 |
| | Yaskawa Electric Corp. | 133,863 | 3,707 |
| | Nexon Co. Ltd. | 217,124 | 3,633 |
| | Yakult Honsha Co. Ltd. | 65,488 | 3,628 |
| | Shimadzu Corp. | 137,300 | 3,617 |
| | Japan Exchange Group Inc. | 273,500 | 3,594 |
| | Sumitomo Metal Mining Co. Ltd. | 126,300 | 3,540 |
| | Dentsu Group Inc. | 113,549 | 3,532 |
| | Nitori Holdings Co. Ltd. | 38,300 | 3,471 |
| | Z Holdings Corp. | 1,332,500 | 3,439 |
| | Pan Pacific International Holdings Corp. | 205,800 | 3,377 |
| 1 | Mitsui OSK Lines Ltd. | 168,917 | 3,344 |
| | Nippon Building Fund Inc. | 752 | 3,343 |
| | Disco Corp. | 13,600 | 3,253 |
| | Nissan Motor Co. Ltd. | 1,010,401 | 3,220 |
| | MINEBEA MITSUMI Inc. | 217,684 | 3,217 |
| | Nippon Paint Holdings Co. Ltd. | 504,053 | 3,212 |
| | Daiwa Securities Group Inc. | 815,300 | 3,181 |
| | Hankyu Hanshin Holdings Inc. | 106,400 | 3,160 |
| | Daito Trust Construction Co. Ltd. | 31,352 | 3,105 |
| | Yamaha Motor Co. Ltd. | 150,100 | 3,098 |
| | Chubu Electric Power Co. Inc. | 380,270 | 3,095 |
| | Isuzu Motors Ltd. | 261,220 | 3,072 |
| | Kintetsu Group Holdings Co. Ltd. | 90,800 | 3,069 |
| | TIS Inc. | 113,800 | 3,068 |
| | Yamaha Corp. | 80,900 | 3,054 |
| | Rohm Co. Ltd. | 42,800 | 3,007 |
| | Mitsubishi Chemical Holdings Corp. | 657,284 | 2,969 |
| | Kyowa Kirin Co. Ltd. | 124,000 | 2,920 |
| | | Shares | Market
Value•
($000) |
| | Nissan Chemical Corp. | 64,400 | 2,899 |
| | Osaka Gas Co. Ltd. | 195,200 | 2,890 |
| | Trend Micro Inc. | 57,200 | 2,884 |
| | MISUMI Group Inc. | 134,800 | 2,871 |
| | SG Holdings Co. Ltd. | 215,600 | 2,857 |
| | AGC Inc. | 89,900 | 2,817 |
| | Hamamatsu Photonics KK | 61,700 | 2,791 |
| | Tokyu Corp. | 241,800 | 2,788 |
| | Kansai Electric Power Co. Inc. | 358,800 | 2,718 |
| | MEIJI Holdings Co. Ltd. | 65,734 | 2,705 |
| | Japan Real Estate Investment Corp. | 643 | 2,694 |
| | Yamato Holdings Co. Ltd. | 180,300 | 2,670 |
| | Dai Nippon Printing Co. Ltd. | 132,300 | 2,650 |
| * | Tokyo Electric Power Co. Holdings Inc. | 796,200 | 2,594 |
| | Sumitomo Chemical Co. Ltd. | 753,292 | 2,537 |
| | Obayashi Corp. | 394,000 | 2,529 |
| | Nomura Real Estate Master Fund Inc. | 2,207 | 2,518 |
| | Idemitsu Kosan Co. Ltd. | 114,114 | 2,497 |
| | T&D Holdings Inc. | 250,900 | 2,481 |
| | Japan Metropolitan Fund Investment | 3,345 | 2,464 |
| | Sekisui Chemical Co. Ltd. | 196,600 | 2,455 |
| | Makita Corp. | 132,500 | 2,421 |
| | Taisei Corp. | 88,699 | 2,416 |
| | MatsukiyoCocokara & Co. | 65,980 | 2,402 |
| | Capcom Co. Ltd. | 86,100 | 2,395 |
| | Fuji Electric Co. Ltd. | 61,777 | 2,389 |
| | JFE Holdings Inc. | 257,600 | 2,360 |
| | Nippon Prologis REIT Inc. | 1,117 | 2,344 |
| | Tobu Railway Co. Ltd. | 96,900 | 2,242 |
| | Daiwa House REIT Investment Corp. | 1,087 | 2,194 |
| | Nissin Foods Holdings Co. Ltd. | 33,100 | 2,143 |
| | SBI Holdings Inc. | 118,440 | 2,140 |
| | Daifuku Co. Ltd. | 46,700 | 2,138 |
| | GLP J-REIT | 2,061 | 2,137 |
| | Aisin Corp. | 82,900 | 2,128 |
| | Sojitz Corp. | 140,859 | 2,077 |
| | TOTO Ltd. | 72,400 | 2,065 |
| | Ricoh Co. Ltd. | 281,500 | 2,063 |
| | TOPPAN Inc. | 137,500 | 2,051 |
| | SUMCO Corp. | 161,126 | 2,042 |
| | Hirose Electric Co. Ltd. | 15,621 | 2,026 |
| | Kajima Corp. | 215,200 | 2,026 |
| | Suntory Beverage & Food Ltd. | 60,400 | 2,021 |
| | Konami Holdings Corp. | 44,900 | 1,968 |
| | Keio Corp. | 56,100 | 1,967 |
| | Yokogawa Electric Corp. | 117,400 | 1,963 |
| | Kurita Water Industries Ltd. | 53,100 | 1,944 |
| | Lixil Corp. | 127,100 | 1,920 |
| | Brother Industries Ltd. | 109,100 | 1,859 |
| | Toho Co. Ltd. (XTKS) | 51,500 | 1,831 |
| 1 | Kawasaki Kisen Kaisha Ltd. | 119,997 | 1,820 |
| | | Shares | Market
Value•
($000) |
| | NGK Spark Plug Co. Ltd. | 99,300 | 1,812 |
| 1 | BayCurrent Consulting Inc. | 64,570 | 1,812 |
| | Mazda Motor Corp. | 269,000 | 1,811 |
| | Ibiden Co. Ltd. | 53,700 | 1,810 |
| | Keisei Electric Railway Co. Ltd. | 67,200 | 1,784 |
| | Odakyu Electric Railway Co. Ltd. | 148,100 | 1,761 |
| | MonotaRO Co. Ltd. | 115,544 | 1,754 |
| | Seiko Epson Corp. | 128,000 | 1,738 |
| | Otsuka Corp. | 55,000 | 1,732 |
| | Asahi Intecc Co. Ltd. | 101,200 | 1,724 |
| | Persol Holdings Co. Ltd. | 86,000 | 1,722 |
| | Rakuten Group Inc. | 383,800 | 1,713 |
| | NIPPON Experes Holding Inc. | 33,900 | 1,703 |
| | Square Enix Holdings Co. Ltd. | 38,000 | 1,696 |
| | Mitsui Chemicals Inc. | 90,100 | 1,668 |
| | Orix JREIT Inc. | 1,241 | 1,665 |
| | Kyushu Railway Co. | 79,524 | 1,663 |
| | CyberAgent Inc. | 200,468 | 1,647 |
| | JSR Corp. | 86,500 | 1,644 |
| | Rohto Pharmaceutical Co. Ltd. | 52,600 | 1,636 |
| | Concordia Financial Group Ltd. | 531,979 | 1,623 |
| | Toyo Suisan Kaisha Ltd. | 43,100 | 1,617 |
| | Azbil Corp. | 59,500 | 1,617 |
| | Marui Group Co. Ltd. | 97,800 | 1,600 |
| * | Shizuoka Financial Group Inc. | 251,100 | 1,586 |
| | Koito Manufacturing Co. Ltd. | 111,200 | 1,579 |
| | Chiba Bank Ltd. | 286,700 | 1,571 |
| | Tokyu Fudosan Holdings Corp. | 309,686 | 1,571 |
| | Nagoya Railroad Co. Ltd. | 102,500 | 1,570 |
| | Taiyo Yuden Co. Ltd. | 57,700 | 1,570 |
| | Hoshizaki Corp. | 54,264 | 1,555 |
| | Nihon M&A Center Holdings Inc. | 136,400 | 1,539 |
| | Aozora Bank Ltd. | 88,690 | 1,526 |
| | Tosoh Corp. | 139,690 | 1,520 |
| | Kobayashi Pharmaceutical Co. Ltd. | 28,400 | 1,507 |
| | United Urban Investment Corp. | 1,419 | 1,501 |
| | USS Co. Ltd. | 99,300 | 1,498 |
| | Nikon Corp. | 154,300 | 1,492 |
| | Oji Holdings Corp. | 429,600 | 1,489 |
| | Bank of Kyoto Ltd. | 40,900 | 1,474 |
| | Isetan Mitsukoshi Holdings Ltd. | 165,400 | 1,469 |
| | NGK Insulators Ltd. | 125,700 | 1,466 |
| 1 | Kobe Bussan Co. Ltd. | 67,500 | 1,464 |
| * | ANA Holdings Inc. | 74,930 | 1,457 |
| | DIC Corp. | 85,300 | 1,432 |
| | Hulic Co. Ltd. | 196,671 | 1,429 |
| | Advance Residence Investment Corp. | 612 | 1,425 |
| | Ebara Corp. | 43,400 | 1,410 |
| | GMO Payment Gateway Inc. | 19,506 | 1,403 |
| | TechnoPro Holdings Inc. | 58,100 | �� 1,394 |
| | Fukuoka Financial Group Inc. | 81,664 | 1,390 |
| | Kose Corp. | 13,800 | 1,378 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Japan Post Bank Co. Ltd. | 206,835 | 1,378 |
| | Japan Post Insurance Co. Ltd. | 92,978 | 1,376 |
| | Nippon Shinyaku Co. Ltd. | 24,400 | 1,351 |
| | IHI Corp. | 60,200 | 1,343 |
| | Nisshin Seifun Group Inc. | 123,520 | 1,335 |
| | Shimizu Corp. | 267,500 | 1,335 |
| | Asics Corp. | 86,800 | 1,330 |
| | Lion Corp. | 130,000 | 1,314 |
| | Open House Co. Ltd. | 36,400 | 1,295 |
| | Tokyo Tatemono Co. Ltd. | 93,500 | 1,286 |
| | Haseko Corp. | 124,200 | 1,279 |
| | Zensho Holdings Co. Ltd. | 51,200 | 1,278 |
| | JGC Holdings Corp. | 105,100 | 1,264 |
| | Japan Prime Realty Investment Corp. | 465 | 1,263 |
| | Mitsubishi HC Capital Inc. (XTKS) | 293,650 | 1,260 |
| * | Japan Airlines Co. Ltd. | 66,945 | 1,250 |
| | Amada Co. Ltd. | 177,400 | 1,248 |
| | Hikari Tsushin Inc. | 10,300 | 1,244 |
| | Kansai Paint Co. Ltd. | 94,500 | 1,233 |
| | Showa Denko KK | 83,888 | 1,225 |
| * | Japan Airport Terminal Co. Ltd. | 28,600 | 1,224 |
| | Hisamitsu Pharmaceutical Co. Inc. | 49,300 | 1,216 |
| | Keikyu Corp. | 118,500 | 1,216 |
| | Nomura Real Estate Holdings Inc. | 53,500 | 1,209 |
| | Mitsubishi Gas Chemical Co. Inc. | 95,100 | 1,208 |
| | Rinnai Corp. | 17,500 | 1,191 |
| | Keihan Holdings Co. Ltd. | 46,000 | 1,183 |
| | Kawasaki Heavy Industries Ltd. | 69,500 | 1,182 |
| | ZOZO Inc. | 55,500 | 1,178 |
| | Stanley Electric Co. Ltd. | 69,100 | 1,175 |
| | Yamada Denki Co. Ltd. | 360,072 | 1,160 |
| | NOF Corp. | 33,200 | 1,142 |
| | Nabtesco Corp. | 53,600 | 1,138 |
| | Air Water Inc. | 101,800 | 1,137 |
| | NH Foods Ltd. | 47,600 | 1,134 |
| | NSK Ltd. | 214,100 | 1,132 |
| | Electric Power Development Co. Ltd. | 80,900 | 1,125 |
| | Santen Pharmaceutical Co. Ltd. | 163,300 | 1,117 |
| | Sekisui House REIT Inc. | 2,073 | 1,117 |
| | Itochu Techno-Solutions Corp. | 47,800 | 1,108 |
| | Kinden Corp. | 108,700 | 1,106 |
| | Kuraray Co. Ltd. | 160,600 | 1,104 |
| | Nippon Sanso Holdings Corp. | 69,200 | 1,102 |
| | SCREEN Holdings Co. Ltd. | 20,000 | 1,098 |
| | Skylark Holdings Co. Ltd. | 101,147 | 1,079 |
| | Japan Hotel REIT Investment Corp. | 2,023 | 1,066 |
| | | Shares | Market
Value•
($000) |
| | Sumitomo Forestry Co. Ltd. | 67,800 | 1,061 |
| | Kyushu Electric Power Co. Inc. | 212,800 | 1,054 |
| | Koei Tecmo Holdings Co. Ltd. | 69,624 | 1,051 |
| | THK Co. Ltd. | 59,900 | 1,045 |
| | Kakaku.com Inc. | 61,468 | 1,040 |
| | Sumitomo Heavy Industries Ltd. | 54,500 | 1,033 |
| | Ryohin Keikaku Co. Ltd. | 109,470 | 1,030 |
| | Sawai Group Holdings Co. Ltd. | 35,400 | 1,022 |
| | Miura Co. Ltd. | 49,900 | 1,016 |
| | Nankai Electric Railway Co. Ltd. | 50,200 | 1,016 |
| | Welcia Holdings Co. Ltd. | 48,600 | 1,016 |
| | Hitachi Construction Machinery Co. Ltd. | 51,900 | 1,015 |
| | Activia Properties Inc. | 342 | 1,013 |
| | Tokyo Century Corp. | 29,420 | 1,003 |
| | Tsuruha Holdings Inc. | 17,200 | 999 |
| | Cosmo Energy Holdings Co. Ltd. | 38,752 | 998 |
| * | Mitsubishi Motors Corp. | 295,500 | 995 |
| | Yokohama Rubber Co. Ltd. | 63,200 | 988 |
| | Ulvac Inc. | 25,000 | 986 |
| | Zenkoku Hosho Co. Ltd. | 29,800 | 983 |
| | Ito En Ltd. | 27,600 | 972 |
| | Sega Sammy Holdings Inc. | 75,800 | 970 |
| | Japan Logistics Fund Inc. | 451 | 966 |
| | Iida Group Holdings Co. Ltd. | 69,397 | 964 |
| | Hakuhodo DY Holdings Inc. | 114,000 | 961 |
| | Denka Co. Ltd. | 41,300 | 957 |
| | Tohoku Electric Power Co. Inc. | 226,300 | 951 |
| | Industrial & Infrastructure Fund Investment Corp. | 900 | 951 |
| | Goldwin Inc. | 18,200 | 950 |
| | Mitsui Fudosan Logistics Park Inc. | 285 | 946 |
| | Kaneka Corp. | 38,000 | 942 |
| | SHO-BOND Holdings Co. Ltd. | 21,700 | 939 |
| | Chiyoda Integre Co. Ltd. | 60,900 | 938 |
| | AEON REIT Investment Corp. | 870 | 937 |
| | Iwatani Corp. | 25,300 | 932 |
| | Seibu Holdings Inc. | 101,488 | 908 |
| | Alfresa Holdings Corp. | 78,700 | 906 |
| | Internet Initiative Japan Inc. | 57,400 | 901 |
| | Mebuki Financial Group Inc. | 463,350 | 901 |
| | Hitachi Transport System Ltd. | 15,000 | 898 |
| | J Front Retailing Co. Ltd. | 111,000 | 897 |
| * | Park24 Co. Ltd. | 67,200 | 896 |
| | Sumitomo Rubber Industries Ltd. | 104,472 | 896 |
| | Casio Computer Co. Ltd. | 103,000 | 895 |
| | | Shares | Market
Value•
($000) |
| | Frontier Real Estate Investment Corp. | 253 | 893 |
| | Nippon Accommodations Fund Inc. | 209 | 890 |
| | Teijin Ltd. | 97,100 | 882 |
| | Sanwa Holdings Corp. | 101,500 | 874 |
| | LaSalle Logiport REIT | 819 | 874 |
| | Kamigumi Co. Ltd. | 45,800 | 871 |
| | Credit Saison Co. Ltd. | 81,400 | 870 |
| | Nifco Inc. | 37,202 | 864 |
| | Kenko Mayonnaise Co. Ltd. | 76,300 | 861 |
| | Food & Life Cos. Ltd. | 51,000 | 858 |
| | Takashimaya Co. Ltd. | 69,300 | 857 |
| | Sohgo Security Services Co. Ltd. | 34,200 | 853 |
| | Taiheiyo Cement Corp. | 62,600 | 851 |
| | Toho Gas Co. Ltd. | 45,700 | 851 |
| | Mitsubishi Materials Corp. | 64,934 | 849 |
| | Shimamura Co. Ltd. | 10,500 | 849 |
| | SCSK Corp. | 57,200 | 844 |
| | Oracle Corp. Japan | 15,800 | 842 |
| | Cosmos Pharmaceutical Corp. | 8,700 | 841 |
| | Alps Alpine Co. Ltd. | 96,667 | 830 |
| | Medipal Holdings Corp. | 66,900 | 829 |
| | COMSYS Holdings Corp. | 50,198 | 822 |
| * | SHIFT Inc. | 5,200 | 812 |
| | Kenedix Residential Next Investment Corp. | 553 | 811 |
| | Taisho Pharmaceutical Holdings Co. Ltd. | 22,400 | 808 |
| | Shinko Electric Industries Co. Ltd. | 33,400 | 803 |
| | Suzuken Co. Ltd. | 35,660 | 794 |
| | Ship Healthcare Holdings Inc. | 40,700 | 781 |
| | Mori Hills REIT Investment Corp. | 711 | 779 |
| | Kenedix Office Investment Corp. | 342 | 779 |
| | Nippon Gas Co. Ltd. | 53,100 | 771 |
| | INFRONEER Holdings Inc. | 111,252 | 771 |
| | Nihon Kohden Corp. | 34,200 | 766 |
| | Invincible Investment Corp. | 2,407 | 756 |
| | Kadokawa Corp. | 41,972 | 751 |
| | Fujikura Ltd. | 126,600 | 750 |
| | Pigeon Corp. | 57,060 | 747 |
| | Jeol Ltd. | 20,400 | 746 |
| | Toyo Seikan Group Holdings Ltd. | 65,200 | 746 |
| | Lawson Inc. | 23,300 | 744 |
| | Kewpie Corp. | 47,100 | 744 |
| | NET One Systems Co. Ltd. | 36,200 | 743 |
| | Calbee Inc. | 36,900 | 741 |
| | Sankyu Inc. | 24,800 | 739 |
| | Daiwa Securities Living Investments Corp. | 934 | 725 |
| | Kagome Co. Ltd. | 35,900 | 718 |
| | Fujitec Co. Ltd. | 36,100 | 717 |
| | Nishi-Nippon Railroad Co. Ltd. | 36,500 | 716 |
| | Nichirei Corp. | 46,000 | 715 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Chugoku Electric Power Co. Inc. | 151,800 | 712 |
| | Hulic REIT Inc. | 608 | 712 |
| | Tokyu REIT Inc. | 500 | 712 |
| | Sugi Holdings Co. Ltd. | 17,700 | 710 |
| | Horiba Ltd. | 17,300 | 710 |
| | Comforia Residential REIT Inc. | 332 | 705 |
| | Sundrug Co. Ltd. | 30,200 | 702 |
| | JTEKT Corp. | 99,100 | 700 |
| | EXEO Group Inc. | 47,800 | 700 |
| | Nihon Unisys Ltd. | 32,300 | 698 |
| | Tokyo Ohka Kogyo Co. Ltd. | 16,100 | 694 |
| | ADEKA Corp. | 46,300 | 692 |
| | Mitsubishi Estate Logistics REIT Investment Corp. | 232 | 687 |
| | Japan Steel Works Ltd. | 33,200 | 686 |
| | Hoshino Resorts REIT Inc. | 144 | 684 |
| | Mitsubishi Logistics Corp. | 30,700 | 674 |
| | Sankyo Co. Ltd. | 20,400 | 674 |
| | Relo Group Inc. | 47,553 | 670 |
| | Pilot Corp. | 17,200 | 669 |
| | Sanrio Co. Ltd. | 25,092 | 669 |
| | Daicel Corp. | 117,100 | 668 |
| | Sagami Holdings Corp. | 81,100 | 664 |
| | Kobe Steel Ltd. | 161,400 | 662 |
| | Meitec Corp. | 39,300 | 662 |
| | Dowa Holdings Co. Ltd. | 20,800 | 660 |
| | Nippon Electric Glass Co. Ltd. | 38,000 | 658 |
| | Sapporo Holdings Ltd. | 29,400 | 648 |
| | Penta-Ocean Construction Co. Ltd. | 130,100 | 647 |
| | NTT UD REIT Investment Corp. | 651 | 638 |
| | Nagase & Co. Ltd. | 46,500 | 634 |
| | Daiwa Office Investment Corp. | 134 | 633 |
| | Konica Minolta Inc. | 206,800 | 630 |
| | Mabuchi Motor Co. Ltd. | 23,100 | 627 |
| | Fancl Corp. | 33,000 | 625 |
| | Yamazaki Baking Co. Ltd. | 60,800 | 620 |
| | Base Co. Ltd. | 21,600 | 620 |
| | Daiseki Co. Ltd. | 19,920 | 616 |
| | Sumitomo Dainippon Pharma Co. Ltd. | 88,000 | 613 |
| | Hachijuni Bank Ltd. | 191,700 | 611 |
| | Tsumura & Co. | 29,200 | 610 |
| | Toyo Tire Corp. | 51,900 | 609 |
| | Gunma Bank Ltd. | 222,600 | 607 |
| | Japan Excellent Inc. | 656 | 607 |
| | Anritsu Corp. | 59,500 | 599 |
| | Nippon Kayaku Co. Ltd. | 74,800 | 594 |
| | K's Holdings Corp | 75,568 | 592 |
| | NOK Corp. | 72,000 | 589 |
| | House Foods Group Inc. | 31,200 | 584 |
| | Hirogin Holdings Inc. | 140,600 | 580 |
| | DeNA Co. Ltd. | 44,300 | 578 |
| | Daiwabo Holdings Co. Ltd. | 44,700 | 577 |
| 1 | Shinsei Bank Ltd. | 38,663 | 575 |
| | Kureha Corp. | 8,900 | 571 |
| | | Shares | Market
Value•
($000) |
| * | Money Forward Inc. | 20,194 | 571 |
| | Mitsui High-Tec Inc. | 11,000 | 569 |
| | AEON Financial Service Co. Ltd. | 57,900 | 567 |
| | OSG Corp. | 44,600 | 567 |
| | Bic Camera Inc. | 72,500 | 564 |
| | Sharp Corp. | 93,729 | 562 |
| | Zeon Corp. | 66,400 | 560 |
| | Toyoda Gosei Co. Ltd. | 35,000 | 560 |
| * | Hino Motors Ltd. | 134,200 | 558 |
| | GS Yuasa Corp. | 36,600 | 557 |
| | Nippon Shokubai Co. Ltd. | 15,400 | 552 |
| | Maruwa Co. Ltd. | 4,700 | 552 |
| | Fujitsu General Ltd. | 24,100 | 550 |
| | Katitas Co. Ltd. | 24,600 | 550 |
| | Seven Bank Ltd. | 304,900 | 550 |
| | Heiwa Real Estate REIT Inc. | 530 | 549 |
| | Tokai Carbon Co. Ltd. | 83,900 | 548 |
| | Coca-Cola Bottlers Japan Holdings Inc. | 60,575 | 547 |
| | Ezaki Glico Co. Ltd. | 24,300 | 547 |
| | Aeon Mall Co. Ltd. | 50,072 | 545 |
| | H.U. Group Holdings Inc. | 29,100 | 542 |
| | Heiwa Corp. | 33,600 | 542 |
| | Sotetsu Holdings Inc. | 35,700 | 541 |
| | ABC-Mart Inc. | 12,100 | 539 |
| | OKUMA Corp. | 16,100 | 539 |
| | Rengo Co. Ltd. | 96,800 | 538 |
| | DTS Corp. | 22,600 | 537 |
| | FP Corp. | 22,500 | 535 |
| | Fuji Soft Inc. | 9,800 | 533 |
| * | Iyogin Holdings Inc. | 113,600 | 533 |
| | Tokyo Seimitsu Co. Ltd. | 17,700 | 532 |
| | Nichias Corp. | 34,400 | 531 |
| | Mitsui-Soko Holdings Co. Ltd. | 25,400 | 529 |
| | Toda Corp. | 105,900 | 529 |
| | Dexerials Corp. | 22,700 | 529 |
| | Sakata Seed Corp. | 16,000 | 527 |
| | Yamaguchi Financial Group Inc. | 100,100 | 527 |
| | Seino Holdings Co. Ltd. | 68,300 | 525 |
| | Ushio Inc. | 50,400 | 523 |
| | Daiichikosho Co. Ltd. | 18,200 | 522 |
| | Takara Holdings Inc. | 75,000 | 522 |
| | Amano Corp. | 30,400 | 520 |
| | As One Corp. | 12,200 | 520 |
| | Maruichi Steel Tube Ltd. | 27,500 | 519 |
| | NIPPON REIT Investment Corp. | 210 | 518 |
| 1 | Central Glass Co. Ltd. | 21,900 | 517 |
| | Ain Holdings Inc. | 12,300 | 517 |
| | Topcon Corp. | 47,200 | 516 |
| | Ube Industries Ltd. | 40,000 | 516 |
| | Kenedix Retail REIT Corp. | 286 | 514 |
| | Benesse Holdings Inc. | 34,700 | 512 |
| * | RENOVA Inc. | 23,300 | 511 |
| | DMG Mori Co. Ltd. | 44,100 | 510 |
| | Aica Kogyo Co. Ltd. | 23,700 | 509 |
| | Mitsui Mining & Smelting Co. Ltd. | 25,200 | 509 |
| | Furukawa Electric Co. Ltd. | 32,900 | 508 |
| | Fuyo General Lease Co. Ltd. | �� 9,100 | 506 |
| | GMO internet Inc. | 29,300 | 505 |
| | | Shares | Market
Value•
($000) |
| | Tokuyama Corp. | 43,300 | 505 |
| | Morinaga Milk Industry Co. Ltd. | 17,700 | 502 |
| | TS Tech Co. Ltd. | 47,600 | 498 |
| | Mani Inc. | 34,100 | 497 |
| | Jafco Co. Ltd. | 32,400 | 497 |
| * | PeptiDream Inc. | 45,300 | 496 |
| * | Chugin Financial Group Inc. | 82,200 | 495 |
| | SMS Co. Ltd. | 21,400 | 491 |
| | Yoshinoya Holdings Co. Ltd. | 31,200 | 490 |
| | Resorttrust Inc. | 31,800 | 489 |
| | Hazama Ando Corp. | 83,800 | 486 |
| | Mixi Inc. | 30,924 | 485 |
| | Paramount Bed Holdings Co. Ltd. | 27,200 | 484 |
| | Fuji Oil Holdings Inc. | 30,600 | 482 |
| | Kotobuki Spirits Co. Ltd. | 9,400 | 482 |
| | Kyoritsu Maintenance Co. Ltd. | 11,672 | 481 |
| | Kaken Pharmaceutical Co. Ltd. | 18,700 | 479 |
| | Fuji Corp. | 35,900 | 474 |
| | Yamato Kogyo Co. Ltd. | 16,200 | 470 |
| | OBIC Business Consultants Co. Ltd. | 16,289 | 468 |
| | Hitachi Zosen Corp. | 81,000 | 467 |
| | Canon Marketing Japan Inc. | 22,100 | 466 |
| | Nipro Corp. | 61,500 | 464 |
| | NSD Co. Ltd. | 26,780 | 458 |
| | Wacoal Holdings Corp. | 28,300 | 456 |
| | Rakus Co. Ltd | 41,100 | 456 |
| | Hanwa Co. Ltd. | 18,800 | 455 |
| | Tomy Co. Ltd. | 51,500 | 452 |
| | Yaoko Co. Ltd. | 10,400 | 452 |
| | Round One Corp. | 105,600 | 449 |
| | Citizen Watch Co. Ltd. | 106,600 | 448 |
| | Mori Trust Sogo REIT Inc. | 448 | 447 |
| | Morinaga & Co. Ltd. | 17,800 | 445 |
| | Mizuho Leasing Co. Ltd. | 20,400 | 444 |
| | Toei Co. Ltd. | 3,600 | 442 |
| | Heiwa Real Estate Co. Ltd. | 15,900 | 441 |
| | Inaba Denki Sangyo Co. Ltd. | 23,600 | 441 |
| | NHK Spring Co. Ltd. | 79,200 | 439 |
| | Izumi Co. Ltd. | 21,700 | 438 |
| | Kanematsu Corp. | 44,000 | 435 |
| | Transcosmos Inc. | 18,900 | 434 |
| | Descente Ltd. | 17,900 | 430 |
| | Asahi Holdings Inc. | 33,700 | 430 |
| | Toagosei Co. Ltd. | 55,900 | 429 |
| | Kokuyo Co. Ltd. | 34,400 | 427 |
| | Menicon Co. Ltd. | 25,000 | 427 |
| | Nippon Suisan Kaisha Ltd. | 119,000 | 424 |
| | Daido Steel Co. Ltd. | 16,300 | 423 |
| | Nishimatsu Construction Co. Ltd. | 17,200 | 419 |
| | Fukuoka REIT Corp. | 354 | 413 |
| | PALTAC Corp. | 14,500 | 412 |
| | Ichibanya Co. Ltd. | 13,300 | 410 |
| | Takuma Co. Ltd. | 49,400 | 410 |
| | Acom Co. Ltd. | 186,200 | 407 |
| | Mirait Holdings Corp. | 42,400 | 407 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Colowide Co. Ltd. | 32,500 | 399 |
| | Pola Orbis Holdings Inc. | 36,000 | 398 |
| | Aiful Corp. | 145,700 | 397 |
| | 77 Bank Ltd. | 32,700 | 396 |
| | Kusuri no Aoki Holdings Co. Ltd. | 8,200 | 395 |
| | CRE Logistics REIT Inc. | 286 | 393 |
| | Glory Ltd. | 25,400 | 392 |
| | Nichicon Corp. | 41,600 | 392 |
| | Kyushu Financial Group Inc. | 154,670 | 391 |
| | Digital Garage Inc. | 16,300 | 390 |
| | Sumitomo Bakelite Co. Ltd. | 14,300 | 387 |
| | Japan Elevator Service Holdings Co. Ltd. | 32,800 | 387 |
| | Kyudenko Corp. | 18,100 | 384 |
| | Atom Corp. | 72,049 | 383 |
| | Nikkon Holdings Co. Ltd. | 24,500 | 383 |
| | Financial Products Group Co. Ltd. | 48,900 | 382 |
| | Global One Real Estate Investment Corp. | 492 | 380 |
| | Toyota Boshoku Corp. | 29,700 | 378 |
| | Hankyu Hanshin REIT Inc. | 361 | 375 |
| | Inabata & Co. Ltd. | 22,600 | 373 |
| | Fujimi Inc. | 8,900 | 372 |
| | Hokuhoku Financial Group Inc. | 61,700 | 371 |
| | NTN Corp. | 207,800 | 370 |
| | Seiren Co. Ltd. | 23,600 | 370 |
| | Macnica Fuji Electronics Holdings Inc. | 18,500 | 370 |
| | Shoei Co. Ltd. | 10,000 | 369 |
| | Ichigo Office REIT Investment Corp. | 649 | 367 |
| | Systena Corp. | 130,400 | 365 |
| * | Shochiku Co. Ltd. | 4,600 | 365 |
| | CKD Corp. | 29,700 | 364 |
| | JCR Pharmaceuticals Co. Ltd. | 24,500 | 364 |
| | Sumitomo Osaka Cement Co. Ltd. | 17,000 | 362 |
| | Information Services International-Dentsu Ltd. | 11,800 | 361 |
| | Outsourcing Inc. | 45,900 | 358 |
| | Hokuetsu Corp. | 68,900 | 357 |
| | Digital Arts Inc. | 8,500 | 357 |
| | Shikoku Electric Power Co. Inc. | 73,800 | 355 |
| | Toyobo Co. Ltd. | 50,700 | 354 |
| | Takeuchi Manufacturing Co. Ltd. | 17,400 | 351 |
| | TKC Corp. | 13,700 | 350 |
| | Benefit One Inc. | 25,300 | 350 |
| | NEC Networks & System Integration Corp. | 32,600 | 349 |
| | Nextage Co. Ltd. | 18,100 | 349 |
| | H2O Retailing Corp. | 41,200 | 347 |
| | Nisshinbo Holdings Inc. | 50,100 | 347 |
| | Toshiba TEC Corp. | 13,400 | 347 |
| | TOKAI Holdings Corp. | 57,300 | 342 |
| | Okumura Corp. | 18,000 | 340 |
| | | Shares | Market
Value•
($000) |
| | Toridoll Holdings Corp. | 17,400 | 338 |
| | Makino Milling Machine Co. Ltd. | 10,900 | 337 |
| | Tokyo Steel Manufacturing Co. Ltd. | 39,100 | 336 |
| | Tsubakimoto Chain Co. | 15,700 | 336 |
| *,1 | W-Scope Corp. | 25,900 | 335 |
| | Senko Group Holdings Co. Ltd. | 50,000 | 334 |
| * | Sansan Inc. | 33,592 | 333 |
| | Tadano Ltd. | 53,700 | 328 |
| | eRex Co. Ltd. | 19,400 | 328 |
| | Itochu Advance Logistics Investment Corp. | 334 | 327 |
| | Insource Co. Ltd. | 16,100 | 325 |
| | Shiga Bank Ltd. | 19,100 | 323 |
| *,1 | euglena Co. Ltd. | 54,000 | 323 |
| | Infomart Corp. | 99,200 | 321 |
| | SOSiLA Logistics REIT Inc. | 334 | 320 |
| | Taiyo Holdings Co. Ltd. | 18,000 | 317 |
| *,1 | HIS Co. Ltd. | 22,800 | 316 |
| | Nippon Parking Development Co. Ltd. | 181,900 | 316 |
| | Justsystems Corp. | 15,000 | 315 |
| | San-A Co. Ltd. | 10,800 | 315 |
| | Tokai Tokyo Financial Holdings Inc. | 136,700 | 313 |
| | UT Group Co. Ltd. | 19,100 | 311 |
| | SBS Holdings Inc. | 15,800 | 308 |
| | EDION Corp. | 38,700 | 307 |
| | Nisshin Oillio Group Ltd. | 14,300 | 307 |
| | Create Restaurants Holdings Inc. | 48,400 | 306 |
| | DCM Holdings Co. Ltd. | 39,200 | 305 |
| | BeNext-Yumeshin Group Co. | 25,300 | 305 |
| | Daio Paper Corp. | 41,200 | 304 |
| | Kanamic Network Co. Ltd. | 72,900 | 304 |
| | Tokai Rika Co. Ltd. | 29,000 | 303 |
| | Tri Chemical Laboratories Inc. | 20,268 | 303 |
| | Japan Petroleum Exploration Co. Ltd. | 11,600 | 301 |
| | Japan Material Co. Ltd. | 22,900 | 301 |
| | en japan Inc. | 17,200 | 299 |
| | Matsui Securities Co. Ltd. | 56,200 | 299 |
| | Sumitomo Warehouse Co. Ltd. | 22,000 | 299 |
| | Nippon Soda Co. Ltd. | 10,000 | 298 |
| | Hokuriku Electric Power Co. | 88,700 | 297 |
| | Kiyo Bank Ltd. | 30,807 | 297 |
| | NS Solutions Corp. | 12,900 | 296 |
| | Okamura Corp. | 31,900 | 294 |
| | Mirai Corp. | 910 | 293 |
| | Hokkoku Financial Holdings Inc. | 9,600 | 293 |
| | Nippon Signal Co. Ltd. | 42,800 | 290 |
| | Toho Holdings Co. Ltd. | 21,300 | 290 |
| | Milbon Co. Ltd. | 7,000 | 289 |
| | Royal Holdings Co. Ltd. | 18,000 | 288 |
| | | Shares | Market
Value•
($000) |
| | San-In Godo Bank Ltd. | 60,300 | 287 |
| | Joyful Honda Co. Ltd. | 23,488 | 286 |
| | Aichi Financial Group Inc. | 22,351 | 286 |
| | United Arrows Ltd. | 20,900 | 284 |
| | Nishi-Nippon Financial Holdings Inc. | 55,500 | 283 |
| | Wacom Co. Ltd. | 64,900 | 282 |
| | Sanken Electric Co. Ltd. | 8,200 | 281 |
| | Japan Securities Finance Co. Ltd. | 46,400 | 278 |
| | Nojima Corp. | 33,400 | 278 |
| | One REIT Inc. | 167 | 278 |
| | Suruga Bank Ltd. | 104,000 | 275 |
| | Fukuyama Transporting Co. Ltd. | 12,500 | 273 |
| | Nippon Light Metal Holdings Co. Ltd. | 27,830 | 271 |
| | Fuji Kyuko Co. Ltd. | 8,700 | 269 |
| | Toyo Ink SC Holdings Co. Ltd. | 20,900 | 269 |
| | Duskin Co. Ltd. | 14,000 | 268 |
| | Hokkaido Electric Power Co. Inc. | 87,000 | 265 |
| | Daishi Hokuetsu Financial Group Inc. | 14,950 | 264 |
| | SAMTY Co. Ltd. | 16,700 | 264 |
| | Senshu Ikeda Holdings Inc. | 184,500 | 264 |
| | Kissei Pharmaceutical Co. Ltd. | 14,748 | 261 |
| | JP-Holdings Inc. | 129,900 | 261 |
| | Seiko Holdings Corp. | 12,200 | 258 |
| | Max Co. Ltd. | 18,100 | 258 |
| | Tokyo Kiraboshi Financial Group Inc. | 17,949 | 257 |
| | Oyo Corp. | 16,800 | 255 |
| | Teikoku Electric Manufacturing Co. Ltd. | 19,100 | 254 |
| | Monex Group Inc. | 73,100 | 254 |
| | Takasago Thermal Engineering Co. Ltd. | 20,800 | 253 |
| | Nanto Bank Ltd. | 17,500 | 251 |
| | Oiles Corp. | 24,960 | 251 |
| | Lintec Corp. | 16,600 | 249 |
| | Japan Aviation Electronics Industry Ltd. | 16,000 | 249 |
| | Kohnan Shoji Co. Ltd. | 11,900 | 249 |
| | Earth Corp. | 7,200 | 249 |
| | Star Asia Investment Corp. | 649 | 248 |
| 1 | JMDC Inc. | 7,000 | 248 |
| | C Uyemura & Co. Ltd. | 5,400 | 247 |
| | Nippon Carbon Co. Ltd. | 8,700 | 246 |
| | Star Micronics Co. Ltd. | 21,500 | 246 |
| | Kumiai Chemical Industry Co. Ltd. | 37,263 | 245 |
| | Hosiden Corp. | 23,100 | 244 |
| | Raito Kogyo Co. Ltd. | 17,900 | 244 |
| | Daihen Corp. | 9,400 | 242 |
| | Asahi Diamond Industrial Co. Ltd. | 48,200 | 241 |
| * | Chiyoda Corp. | 97,300 | 241 |
| *,1 | Remixpoint Inc. | 73,169 | 240 |
| | Hyakugo Bank Ltd. | 107,800 | 239 |
| | Meiko Electronics Co. Ltd. | 13,489 | 239 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Keiyo Bank Ltd. | 67,600 | 237 |
| | Iino Kaiun Kaisha Ltd. | 47,600 | 237 |
| 1 | Ringer Hut Co. Ltd. | 16,100 | 237 |
| | Taikisha Ltd. | 10,000 | 236 |
| | Aida Engineering Ltd. | 40,500 | 235 |
| | Mitsuboshi Belting Ltd. | 11,000 | 234 |
| | Toho Titanium Co. Ltd. | 15,500 | 234 |
| | Osaka Soda Co. Ltd. | 9,600 | 233 |
| | JCU Corp. | 12,300 | 233 |
| | Takara Bio Inc. | 19,800 | 232 |
| | Oki Electric Industry Co. Ltd. | 46,400 | 230 |
| | Sangetsu Corp. | 21,700 | 230 |
| | Health Care & Medical Investment Corp. | 167 | 230 |
| | Nihon Parkerizing Co. Ltd. | 35,200 | 229 |
| | Noevir Holdings Co. Ltd. | 6,200 | 229 |
| | Nippon Koei Co. Ltd. | 10,200 | 228 |
| | Dip Corp. | 8,100 | 227 |
| | Kumagai Gumi Co. Ltd. | 13,300 | 225 |
| * | Leopalace21 Corp. | 118,100 | 225 |
| | Tanseisha Co. Ltd. | 41,700 | 225 |
| | Kyokuyo Co. Ltd. | 9,200 | 224 |
| | Riso Kagaku Corp. | 14,100 | 224 |
| | Showa Sangyo Co. Ltd. | 13,200 | 224 |
| | Iriso Electronics Co. Ltd. | 7,700 | 223 |
| | Nissin Corp. | 17,200 | 223 |
| | Maxell Ltd. | 26,800 | 222 |
| | Kaga Electronics Co. Ltd. | 7,500 | 222 |
| | Musashino Bank Ltd. | 19,200 | 222 |
| | Pacific Industrial Co. Ltd. | 31,500 | 222 |
| | Ogaki Kyoritsu Bank Ltd. | 18,700 | 221 |
| | Token Corp. | 4,200 | 221 |
| | Mochida Pharmaceutical Co. Ltd. | 9,542 | 220 |
| | KH Neochem Co. Ltd. | 12,900 | 220 |
| | Hyakujushi Bank Ltd. | 19,500 | 219 |
| | Sodick Co. Ltd. | 42,200 | 219 |
| | Yamanashi Chuo Bank Ltd. | 32,000 | 219 |
| | Ariake Japan Co. Ltd. | 6,300 | 218 |
| | Maruha Nichiro Corp. | 14,100 | 217 |
| | North Pacific Bank Ltd. | 135,700 | 216 |
| | Bunka Shutter Co. Ltd. | 29,900 | 215 |
| | Idec Corp. | 10,000 | 214 |
| | Organo Corp. | 12,400 | 214 |
| | Nichiha Corp. | 11,300 | 214 |
| | Sinfonia Technology Co. Ltd. | 23,500 | 214 |
| | OSAKA Titanium Technologies Co. Ltd. | 8,900 | 213 |
| | Shinko Shoji Co. Ltd. | 31,700 | 212 |
| | Premium Group Co. Ltd. | 17,900 | 212 |
| | Elecom Co. Ltd. | 22,800 | 211 |
| | Takara Leben Real Estate Investment Corp. | 309 | 211 |
| | Procrea Holdings Inc. | 14,900 | 210 |
| | m-up Holdings Inc. | 19,900 | 210 |
| | Jaccs Co. Ltd. | 8,600 | 209 |
| | | Shares | Market
Value•
($000) |
| | Nomura Co. Ltd. | 28,600 | 209 |
| | Takara Leben Co. Ltd. | 77,300 | 208 |
| | Kandenko Co. Ltd. | 36,700 | 206 |
| | Meidensha Corp. | 15,500 | 206 |
| | Itoham Yonekyu Holdings Inc. | 46,072 | 206 |
| | TOMONY Holdings Inc. | 95,000 | 206 |
| | Avant Corp. | 20,800 | 206 |
| | Sanyo Electric Railway Co. Ltd. | 13,481 | 205 |
| | Monogatari Corp. | 4,472 | 205 |
| | Nagawa Co. Ltd. | 4,100 | 205 |
| | T Hasegawa Co. Ltd. | 9,600 | 204 |
| | Mori Trust Hotel REIT Inc. | 215 | 204 |
| | Musashi Seimitsu Industry Co. Ltd. | 17,600 | 203 |
| | Kato Sangyo Co. Ltd. | 8,700 | 203 |
| | Toyo Construction Co. Ltd. | 33,600 | 203 |
| | Ai Holdings Corp. | 13,700 | 203 |
| | Eizo Corp. | 8,300 | 202 |
| | Asanuma Corp. | 11,000 | 202 |
| | Meisei Industrial Co. Ltd. | 42,400 | 201 |
| | J Trust Co. Ltd. | 45,600 | 200 |
| | Daiki Aluminium Industry Co. Ltd. | 23,221 | 200 |
| | Sanki Engineering Co. Ltd. | 18,400 | 199 |
| | TOC Co. Ltd. | 38,200 | 199 |
| | Roland DG Corp. | 9,200 | 197 |
| | MOS Food Services Inc. | 9,300 | 197 |
| | Topy Industries Ltd. | 18,400 | 197 |
| | Rorze Corp. | 3,900 | 196 |
| | Riken Technos Corp. | 56,600 | 196 |
| | Cosel Co. Ltd. | 33,800 | 194 |
| | Fujiya Co. Ltd. | 11,300 | 194 |
| | Nachi-Fujikoshi Corp. | 7,400 | 194 |
| | Nissha Co. Ltd. | 16,500 | 194 |
| | Sinanen Holdings Co. Ltd. | 7,100 | 194 |
| | Takasago International Corp. | 10,300 | 194 |
| | KeePer Technical Laboratory Co. Ltd. | 7,029 | 194 |
| | Future Corp. | 17,200 | 193 |
| | Konishi Co. Ltd. | 16,500 | 193 |
| | GungHo Online Entertainment Inc. | 13,070 | 193 |
| | Nippon Paper Industries Co. Ltd. | 33,100 | 193 |
| 1 | Kura Sushi Inc. | 8,200 | 192 |
| | Nitto Kogyo Corp. | 11,600 | 192 |
| | Mie Kotsu Group Holdings Inc. | 55,400 | 192 |
| | eGuarantee Inc. | 11,900 | 192 |
| | Juroku Financial Group Inc. | 11,400 | 192 |
| | Simplex Holdings Inc. | 12,000 | 191 |
| | Stella Chemifa Corp. | 10,600 | 190 |
| | Fuji Co. Ltd. | 15,400 | 190 |
| | Taisei Lamick Co. Ltd. | 9,400 | 190 |
| | ZERIA Pharmaceutical Co. Ltd. | 12,700 | 189 |
| | Nippon Ceramic Co. Ltd. | 10,900 | 189 |
| | Autobacs Seven Co. Ltd. | 19,800 | 188 |
| * | COOKPAD Inc. | 135,100 | 188 |
| | Samty Residential Investment Corp. | 233 | 188 |
| | | Shares | Market
Value•
($000) |
| | Optex Group Co. Ltd. | 13,600 | 187 |
| | Tocalo Co. Ltd. | 23,200 | 185 |
| | Daido Metal Co. Ltd. | 53,300 | 184 |
| | Tamura Corp. | 37,000 | 184 |
| | KYORIN Holdings Inc. | 14,900 | 184 |
| | Yokowo Co. Ltd. | 13,495 | 184 |
| | Yonex Co. Ltd. | 19,800 | 183 |
| | San ju San Financial Group Inc. | 18,680 | 183 |
| | Nichireki Co. Ltd. | 20,800 | 183 |
| | Okinawa Financial Group Inc. | 13,180 | 183 |
| | Hioki EE Corp. | 3,800 | 181 |
| | Koa Corp. | 12,600 | 181 |
| | Trusco Nakayama Corp. | 13,500 | 181 |
| | Okinawa Electric Power Co. Inc. | 26,012 | 181 |
| | Riken Keiki Co. Ltd. | 6,600 | 181 |
| | San-Ai Oil Co. Ltd. | 21,900 | 181 |
| | Akita Bank Ltd. | 16,800 | 180 |
| | Mitsubishi Shokuhin Co. Ltd. | 8,900 | 180 |
| | YAKUODO Holdings Co. Ltd. | 9,600 | 180 |
| | Japan Lifeline Co. Ltd. | 26,400 | 178 |
| | Key Coffee Inc. | 12,800 | 178 |
| | Achilles Corp. | 19,300 | 178 |
| | Nagatanien Holdings Co. Ltd. | 13,200 | 178 |
| | Nippon Fine Chemical Co. Ltd. | 12,700 | 178 |
| 1 | Snow Peak Inc. | 13,500 | 178 |
| | KOMEDA Holdings Co. Ltd. | 10,600 | 177 |
| | Bank of Iwate Ltd. | 14,600 | 176 |
| | Komeri Co. Ltd. | 10,100 | 176 |
| | Fuji Seal International Inc. | 14,900 | 175 |
| | Starts Corp. Inc. | 9,900 | 175 |
| | Bank of the Ryukyus Ltd. | 33,200 | 174 |
| | Funai Soken Holdings Inc. | 9,750 | 174 |
| | Intage Holdings Inc. | 15,800 | 174 |
| | MCJ Co. Ltd. | 27,500 | 174 |
| | JINS Holdings Inc. | 5,800 | 174 |
| | CAC Holdings Corp. | 17,100 | 173 |
| | Kitz Corp. | 29,200 | 173 |
| *,1 | Raksul Inc. | 8,800 | 173 |
| | Aichi Corp. | 32,400 | 172 |
| | Noritake Co. Ltd. | 6,200 | 172 |
| | Nippon Thompson Co. Ltd. | 48,100 | 172 |
| | Raiznext Corp. | 20,500 | 172 |
| | Sun Frontier Fudousan Co. Ltd. | 22,300 | 172 |
| | Nippn Corp. | 16,200 | 171 |
| | Oita Bank Ltd. | 14,100 | 171 |
| | LEC Inc. | 29,000 | 171 |
| | Nihon Chouzai Co. Ltd. | 19,300 | 171 |
| 1 | MARUKA FURUSATO Corp. | 6,900 | 171 |
| | Daiho Corp. | 6,000 | 170 |
| *,1 | giftee Inc. | 11,127 | 170 |
| 1 | Starts Proceed Investment Corp. | 106 | 169 |
| | Maezawa Kyuso Industries Co. Ltd. | 27,200 | 168 |
| 1 | Change Inc. | 12,600 | 168 |
| | Fukui Bank Ltd. | 18,300 | 167 |
| | Shimizu Bank Ltd. | 17,400 | 167 |
| | Yamazen Corp. | 26,800 | 167 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Maeda Kosen Co. Ltd. | 8,200 | 167 |
| | Nissin Sugar Co. Ltd. | 14,600 | 167 |
| | Nichiban Co. Ltd. | 14,500 | 166 |
| | St. Marc Holdings Co. Ltd. | 15,200 | 166 |
| | Shizuoka Gas Co. Ltd. | 22,500 | 165 |
| | Argo Graphics Inc. | 6,300 | 164 |
| | Central Sports Co. Ltd. | 10,150 | 164 |
| | Gree Inc. | 29,100 | 164 |
| | Avex Inc. | 14,500 | 163 |
| | CTS Co. Ltd. | 30,179 | 163 |
| | Arcs Co. Ltd. | 12,200 | 163 |
| | Ryosan Co. Ltd. | 9,200 | 163 |
| | United Super Markets Holdings Inc. | 23,160 | 163 |
| | PHC Holdings Corp. | 15,700 | 163 |
| | Shima Seiki Manufacturing Ltd. | 11,600 | 162 |
| 1 | Midac Holdings Co. Ltd. | 6,500 | 162 |
| | TRE Holdings Corp. | 15,000 | 162 |
| | FULLCAST Holdings Co. Ltd. | 8,066 | 161 |
| | BML Inc. | 7,100 | 160 |
| | Fuso Chemical Co. Ltd. | 7,100 | 160 |
| | Hokkaido Gas Co. Ltd. | 14,000 | 160 |
| | Nitto Boseki Co. Ltd. | 10,800 | 160 |
| | SKY Perfect JSAT Holdings Inc. | 45,600 | 160 |
| | Yukiguni Maitake Co. Ltd. | 22,400 | 160 |
| | Nippon Pillar Packing Co. Ltd. | 9,700 | 159 |
| | Sankei Real Estate Inc. | 253 | 159 |
| | Nippon Steel Trading Corp. | 4,600 | 158 |
| | Ohsho Food Service Corp. | 3,700 | 158 |
| | Shikoku Bank Ltd. | 27,000 | 158 |
| | Pronexus Inc. | 24,300 | 157 |
| | Nitta Corp. | 8,100 | 157 |
| | Tsugami Corp. | 21,000 | 157 |
| | FAN Communications Inc. | 52,800 | 157 |
| | Hirata Corp. | 5,380 | 157 |
| | Studio Alice Co. Ltd. | 11,200 | 156 |
| | Canon Electronics Inc. | 14,700 | 155 |
| | Fuso Pharmaceutical Industries Ltd. | 11,200 | 155 |
| | Hogy Medical Co. Ltd. | 7,000 | 155 |
| | Okamoto Industries Inc. | 6,200 | 155 |
| | Rokko Butter Co. Ltd. | 16,400 | 155 |
| | Anicom Holdings Inc. | 38,700 | 155 |
| | Kanematsu Electronics Ltd. | 5,200 | 154 |
| | Tekken Corp. | 13,000 | 154 |
| | BRONCO BILLY Co. Ltd. | 9,300 | 154 |
| | Awa Bank Ltd. | 12,200 | 153 |
| | Pacific Metals Co. Ltd. | 12,400 | 153 |
| | Yushin Precision Equipment Co. Ltd. | 32,400 | 153 |
| | Create SD Holdings Co. Ltd. | 7,200 | 153 |
| | Nippon Denko Co. Ltd. | 66,600 | 152 |
| 1 | Shoei Foods Corp. | 5,500 | 152 |
| | Yuasa Trading Co. Ltd. | 6,100 | 152 |
| | Strike Co. Ltd. | 4,943 | 152 |
| | | Shares | Market
Value•
($000) |
| | Curves Holdings Co. Ltd. | �� 26,104 | 152 |
| | Zuken Inc. | 6,700 | 151 |
| | Tokyo Individualized Educational Institute Inc. | 43,400 | 150 |
| | Seika Corp. | 13,600 | 150 |
| | Toyo Tanso Co. Ltd. | 6,000 | 150 |
| | Megmilk Snow Brand Co. Ltd. | 13,800 | 150 |
| 1 | Aruhi Corp. | 15,956 | 150 |
| | CMK Corp. | 41,500 | 149 |
| | Noritsu Koki Co. Ltd. | 8,300 | 149 |
| | Tamron Co. Ltd. | 6,700 | 149 |
| | Totetsu Kogyo Co. Ltd. | 9,000 | 149 |
| * | WATAMI Co. Ltd. | 24,600 | 149 |
| | Zenrin Co. Ltd. | 25,250 | 149 |
| | Aeon Hokkaido Corp. | 18,800 | 149 |
| | Fukushima Galilei Co. Ltd. | 5,400 | 148 |
| | Valor Holdings Co. Ltd. | 12,800 | 148 |
| | Yodogawa Steel Works Ltd. | 9,100 | 148 |
| | Saizeriya Co. Ltd. | 7,900 | 147 |
| | Noritz Corp. | 14,300 | 147 |
| | Plenus Co. Ltd. | 8,300 | 147 |
| 1 | Management Solutions Co. Ltd. | 7,467 | 147 |
| | Katakura Industries Co. Ltd. | 10,700 | 146 |
| | Tokyo Electron Device Ltd. | 3,100 | 146 |
| 1 | Zojirushi Corp. | 14,500 | 146 |
| | ZIGExN Co. Ltd. | 59,200 | 146 |
| | Osaka Organic Chemical Industry Ltd. | 10,900 | 146 |
| | Prestige International Inc. | 30,000 | 145 |
| | Marudai Food Co. Ltd. | 15,400 | 145 |
| | Morita Holdings Corp. | 16,900 | 145 |
| | Orient Corp. | 17,850 | 145 |
| * | Japan Display Inc. | 434,300 | 145 |
| | Maruwa Unyu Kikan Co. Ltd. | 15,264 | 145 |
| | MEC Co. Ltd. | 9,083 | 145 |
| | Adastria Co. Ltd. | 10,640 | 144 |
| | Giken Ltd. | 6,700 | 144 |
| | Gunze Ltd. | 5,600 | 144 |
| | Sumitomo Mitsui Construction Co. Ltd. | 49,120 | 144 |
| | Shinmaywa Industries Ltd. | 21,100 | 144 |
| | Shibaura Machine Co. Ltd. | 7,400 | 144 |
| | Macromill Inc. | 19,300 | 144 |
| | Furuno Electric Co. Ltd. | 19,800 | 143 |
| | Kanto Denka Kogyo Co. Ltd. | 22,400 | 143 |
| | Ichigo Inc. | 63,600 | 143 |
| | Towa Bank Ltd. | 40,900 | 143 |
| | Yamagata Bank Ltd. | 20,800 | 143 |
| | Tosei REIT Investment Corp. | 155 | 143 |
| | ASKUL Corp. | 13,600 | 142 |
| | Nissin Electric Co. Ltd. | 15,300 | 142 |
| | Shibuya Corp. | 8,200 | 142 |
| | Chiyoda Co. Ltd. | 28,600 | 141 |
| | Hakuto Co. Ltd. | 5,492 | 141 |
| | | Shares | Market
Value•
($000) |
| | ARTERIA Networks Corp. | 17,500 | 141 |
| | Fuji Pharma Co. Ltd. | 19,400 | 140 |
| | Nishimatsuya Chain Co. Ltd. | 15,200 | 139 |
| | V Technology Co. Ltd. | 7,400 | 139 |
| | Sanyo Denki Co. Ltd. | 3,800 | 139 |
| | UACJ Corp. | 9,800 | 139 |
| | ESCON Japan REIT Investment Corp. | 180 | 139 |
| | Nikkiso Co. Ltd. | 20,700 | 138 |
| | Nissan Shatai Co. Ltd. | 24,000 | 138 |
| | S-Pool Inc. | 21,565 | 138 |
| | Exedy Corp. | 11,700 | 137 |
| | Kameda Seika Co. Ltd. | 4,449 | 137 |
| | Mitsubishi Pencil Co. Ltd. | 14,100 | 137 |
| | Mizuno Corp. | 8,000 | 137 |
| | S Foods Inc. | 7,500 | 137 |
| | Japan Pulp & Paper Co. Ltd. | 4,400 | 136 |
| | Sankyo Tateyama Inc. | 37,200 | 136 |
| | Tv Tokyo Holdings Corp. | 10,600 | 136 |
| | Yamashin-Filter Corp. | 48,551 | 136 |
| | Roland Corp. | 4,800 | 136 |
| | FCC Co. Ltd. | 13,900 | 135 |
| | Prima Meat Packers Ltd. | 10,200 | 135 |
| | Sala Corp. | 25,500 | 135 |
| | gremz Inc. | 11,700 | 135 |
| | Belc Co. Ltd. | 3,500 | 134 |
| | Dai Nippon Toryo Co. Ltd. | 27,200 | 134 |
| | Kyosan Electric Manufacturing Co. Ltd. | 49,900 | 134 |
| | Nihon Tokushu Toryo Co. Ltd. | 23,400 | 134 |
| | Shin-Etsu Polymer Co. Ltd. | 16,100 | 134 |
| | Takara Standard Co. Ltd. | 15,600 | 134 |
| | Tokyotokeiba Co. Ltd. | 4,800 | 134 |
| | Yokogawa Bridge Holdings Corp. | 10,100 | 134 |
| | Tonami Holdings Co. Ltd. | 5,600 | 133 |
| | Usen-Next Holdings Co. Ltd. | 8,681 | 133 |
| | ST Corp. | 13,100 | 132 |
| | Torii Pharmaceutical Co. Ltd. | 6,500 | 132 |
| | Tsurumi Manufacturing Co. Ltd. | 8,800 | 131 |
| | Feed One Co. Ltd. | 29,080 | 131 |
| | Eiken Chemical Co. Ltd. | 10,500 | 130 |
| | Sankyo Seiko Co. Ltd. | 40,900 | 130 |
| | Qol Holdings Co. Ltd. | 15,800 | 130 |
| 1 | Inaba Seisakusho Co. Ltd. | 14,000 | 129 |
| | KYB Corp. | 5,900 | 129 |
| | Nippon Densetsu Kogyo Co. Ltd. | 11,500 | 129 |
| | LITALICO Inc. | 6,100 | 129 |
| | Aisan Industry Co. Ltd. | 27,100 | 128 |
| | Kanamoto Co. Ltd. | 8,900 | 128 |
| | Sakata INX Corp. | 17,900 | 128 |
| | Trancom Co. Ltd. | 2,500 | 128 |
| | WingArc1st Inc. | 8,000 | 128 |
| | Futaba Corp. | 31,400 | 127 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | NS United Kaiun Kaisha Ltd. | 5,100 | 127 |
| | Tatsuta Electric Wire and Cable Co. Ltd. | 42,800 | 127 |
| | Comture Corp. | 7,800 | 127 |
| | Yellow Hat Ltd. | 10,500 | 126 |
| | Chugoku Marine Paints Ltd. | 20,400 | 125 |
| | Okasan Securities Group Inc. | 52,400 | 125 |
| | Shibaura Mechatronics Corp. | 1,900 | 125 |
| *,1 | Oisix ra daichi Inc. | 11,100 | 125 |
| 1 | KFC Holdings Japan Ltd. | 6,600 | 124 |
| | Kisoji Co. Ltd. | 8,400 | 124 |
| | Takamatsu Construction Group Co. Ltd. | 9,400 | 123 |
| | Fujimori Kogyo Co. Ltd. | 5,900 | 123 |
| | Mitsuuroko Group Holdings Co. Ltd. | 17,900 | 123 |
| | Geo Holdings Corp. | 9,300 | 122 |
| | Japan Wool Textile Co. Ltd. | 18,200 | 122 |
| | Koatsu Gas Kogyo Co. Ltd. | 28,900 | 122 |
| * | Nippon Sheet Glass Co. Ltd. | 32,774 | 122 |
| | Towa Pharmaceutical Co. Ltd. | 8,100 | 122 |
| | Warabeya Nichiyo Holdings Co. Ltd. | 10,300 | 122 |
| | Heiwado Co. Ltd. | 9,600 | 121 |
| | Keihanshin Building Co. Ltd. | 13,600 | 121 |
| | Arata Corp. | 4,400 | 121 |
| | Nippon Kanzai Co. Ltd. | 7,100 | 121 |
| * | Nippon Chemi-Con Corp. | 9,600 | 121 |
| | Sekisui Jushi Corp. | 10,600 | 121 |
| | Nisso Corp. | 32,000 | 121 |
| | Moriroku Holdings Co. Ltd. | 10,600 | 121 |
| | Amuse Inc. | 9,900 | 120 |
| | PAL GROUP Holdings Co. Ltd. | 8,400 | 120 |
| | Gakken Holdings Co. Ltd. | 18,000 | 119 |
| * | KNT-CT Holdings Co. Ltd. | 10,900 | 119 |
| | Mandom Corp. | 11,800 | 119 |
| | Bank of Nagoya Ltd. | 5,800 | 119 |
| | Shin Nippon Biomedical Laboratories Ltd. | 6,500 | 119 |
| | Ubicom Holdings Inc. | 7,300 | 119 |
| | Hamakyorex Co. Ltd. | 5,300 | 118 |
| | Axial Retailing Inc. | 5,199 | 118 |
| | Toho Bank Ltd. | 85,400 | 118 |
| | Tokyu Construction Co. Ltd. | 27,800 | 117 |
| | Taihei Dengyo Kaisha Ltd. | 5,300 | 117 |
| | Tsubaki Nakashima Co. Ltd. | 14,100 | 117 |
| | Hiday Hidaka Corp. | 9,236 | 116 |
| | Chudenko Corp. | 8,400 | 116 |
| | Aeon Delight Co. Ltd. | 5,800 | 116 |
| | Mitani Sekisan Co. Ltd. | 4,500 | 116 |
| | Cybozu Inc. | 9,000 | 115 |
| | | Shares | Market
Value•
($000) |
| | Konoike Transport Co. Ltd. | 10,900 | 115 |
| | Nagaileben Co. Ltd. | 8,300 | 114 |
| | SWCC Showa Holdings Co. Ltd. | 9,500 | 114 |
| | GLOBERIDE Inc. | 7,200 | 113 |
| | DyDo Group Holdings Inc. | 3,700 | 113 |
| | Furukawa Battery Co. Ltd. | 15,950 | 113 |
| * | M&A Capital Partners Co. Ltd. | 4,400 | 112 |
| | EM Systems Co. Ltd. | 16,900 | 112 |
| | Ki-Star Real Estate Co. Ltd. | 3,600 | 112 |
| | Megachips Corp. | 6,500 | 111 |
| | Hokkan Holdings Ltd. | 12,600 | 111 |
| | Sanshin Electronics Co. Ltd. | 8,600 | 111 |
| | JVCKenwood Corp. | 76,200 | 111 |
| | Daiichi Jitsugyo Co. Ltd. | 4,200 | 110 |
| *,1 | Istyle Inc. | 33,400 | 110 |
| * | Kourakuen Holdings Corp. | 15,200 | 109 |
| | Mitsubishi Logisnext Co. Ltd. | 21,200 | 109 |
| | Shinnihon Corp. | 22,500 | 109 |
| | CONEXIO Corp. | �� 14,300 | 109 |
| | Restar Holdings Corp. | 7,700 | 109 |
| | VT Holdings Co. Ltd. | 33,400 | 108 |
| | Piolax Inc. | 8,700 | 108 |
| | Ryoyo Electro Corp. | 7,000 | 108 |
| | Towa Corp. | 8,951 | 108 |
| | Union Tool Co. | 4,500 | 108 |
| | Solasto Corp. | 18,000 | 108 |
| * | Jamco Corp. | 9,600 | 107 |
| | Ricoh Leasing Co. Ltd. | 4,400 | 107 |
| | Infocom Corp. | 7,459 | 107 |
| | Ehime Bank Ltd. | 18,400 | 106 |
| | Nihon Nohyaku Co. Ltd. | 17,100 | 106 |
| | Wakita & Co. Ltd. | 13,400 | 106 |
| | Fujio Food Group Inc. | 11,300 | 106 |
| | Itochu Enex Co. Ltd. | 15,300 | 105 |
| | Retail Partners Co. Ltd. | 12,800 | 105 |
| | Nishio Rent All Co. Ltd. | 5,200 | 105 |
| | Press Kogyo Co. Ltd. | 37,600 | 105 |
| | Daito Pharmaceutical Co. Ltd. | 6,100 | 105 |
| | Daiwa Industries Ltd. | 12,400 | 104 |
| | Hibiya Engineering Ltd. | 8,100 | 104 |
| | Matsuyafoods Holdings Co. Ltd. | 3,802 | 104 |
| | Koshidaka Holdings Co. Ltd. | 13,904 | 104 |
| | Nittetsu Mining Co. Ltd. | 5,200 | 103 |
| | Valqua Ltd. | 5,800 | 103 |
| | Melco Holdings Inc. | 4,900 | 103 |
| | Topre Corp. | 13,000 | 103 |
| | Doutor Nichires Holdings Co. Ltd. | 9,200 | 103 |
| | Wowow Inc. | 12,100 | 102 |
| | Maruzen Showa Unyu Co. Ltd. | 5,000 | 102 |
| | Saibu Gas Holdings Co. Ltd. | 8,800 | 102 |
| | Bell System24 Holdings Inc. | 11,000 | 102 |
| | Tenma Corp. | 7,300 | 101 |
| | | Shares | Market
Value•
($000) |
| | LIFULL Co. Ltd. | 91,000 | 101 |
| | Aoyama Trading Co. Ltd. | 14,200 | 99 |
| | Arcland Sakamoto Co. Ltd. | 10,000 | 99 |
| | Sekisui Kasei Co. Ltd. | 38,100 | 99 |
| | Daikyonishikawa Corp. | 24,500 | 99 |
| | RS Technologies Co. Ltd. | 2,000 | 99 |
| | Tochigi Bank Ltd. | 48,000 | 98 |
| 1 | CHIMNEY Co. Ltd. | 13,200 | 98 |
| * | Net Protections Holdings Inc. | 33,400 | 98 |
| | Airport Facilities Co. Ltd. | 27,041 | 97 |
| | Tosei Corp. | 10,200 | 97 |
| | Shikoku Chemicals Corp. | 11,100 | 97 |
| | Broadleaf Co. Ltd. | 26,400 | 97 |
| | Nihon Trim Co. Ltd. | 6,100 | 96 |
| * | PIA Corp. | 4,300 | 96 |
| | Hokuto Corp. | 7,400 | 96 |
| | Sanyo Chemical Industries Ltd. | 3,400 | 96 |
| | ESPEC Corp. | 7,500 | 96 |
| | TBS Holdings Inc. | 9,300 | 96 |
| | DKS Co. Ltd. | 7,700 | 96 |
| | Fujicco Co. Ltd. | 7,400 | 95 |
| | Nippon Road Co. Ltd. | 2,300 | 95 |
| | Sakai Moving Service Co. Ltd. | 3,000 | 95 |
| | Sumitomo Densetsu Co. Ltd. | 5,400 | 95 |
| | Uchida Yoko Co. Ltd. | 3,100 | 95 |
| | Carta Holdings Inc. | 8,300 | 95 |
| | Hosokawa Micron Corp. | 5,200 | 94 |
| | Life Corp. | 6,300 | 94 |
| | Sato Holdings Corp. | 7,600 | 94 |
| 1 | Link And Motivation Inc. | 15,500 | 94 |
| 1 | Airtrip Corp. | 5,625 | 94 |
| | Bando Chemical Industries Ltd. | 13,100 | 93 |
| | Furukawa Co. Ltd. | 10,600 | 93 |
| | SRA Holdings | 4,300 | 93 |
| | Relia Inc. | 13,700 | 92 |
| | Micronics Japan Co. Ltd. | 9,900 | 92 |
| | Nohmi Bosai Ltd. | 8,500 | 92 |
| | Yokorei Co. Ltd. | 15,100 | 92 |
| | Alconix Corp. | 10,019 | 92 |
| | Pasona Group Inc. | 6,700 | 92 |
| | Belluna Co. Ltd. | 18,900 | 91 |
| * | Kappa Create Co. Ltd. | 9,500 | 90 |
| * | Matsuya Co. Ltd. | 13,300 | 90 |
| | Toa Corp. | 5,500 | 90 |
| | Yondoshi Holdings Inc. | 7,900 | 90 |
| | Tsukishima Kikai Co. Ltd. | 13,300 | 90 |
| 1 | V-Cube Inc. | 13,239 | 90 |
| | Siix Corp. | 11,600 | 89 |
| | Weathernews Inc. | 1,700 | 89 |
| | T-Gaia Corp. | 8,000 | 89 |
| | Sumitomo Riko Co. Ltd. | 22,600 | 89 |
| | Pressance Corp. | 8,700 | 89 |
| | Goldcrest Co. Ltd. | 7,500 | 88 |
| | Kurabo Industries Ltd. | 6,300 | 88 |
| | Kyokuto Kaihatsu Kogyo Co. Ltd. | 9,500 | 88 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | France Bed Holdings Co. Ltd. | 14,000 | 88 |
| | Aiphone Co. Ltd. | 6,500 | 87 |
| | Enplas Corp. | 3,200 | 87 |
| | Miyazaki Bank Ltd. | 5,800 | 87 |
| | Keiyo Co. Ltd. | 14,200 | 87 |
| | Nippon Seiki Co. Ltd. | 17,200 | 87 |
| | Sanyo Special Steel Co. Ltd. | 6,800 | 87 |
| | Proto Corp. | 11,100 | 87 |
| | Fuji Media Holdings Inc. | 12,400 | 86 |
| | Doshisha Co. Ltd. | 8,500 | 86 |
| | Ishihara Sangyo Kaisha Ltd. | 12,500 | 86 |
| | Toyo Corp. | 9,800 | 86 |
| | Vector Inc. | 11,600 | 86 |
| * | Modec Inc. | 7,800 | 85 |
| | Nippon Yakin Kogyo Co. Ltd. | 4,449 | 85 |
| | Nissei ASB Machine Co. Ltd. | 3,400 | 85 |
| | Tachi-S Co. Ltd. | 11,500 | 85 |
| | Teikoku Sen-I Co. Ltd. | 7,900 | 85 |
| | Toenec Corp. | 3,600 | 85 |
| | TSI Holdings Co. Ltd. | 28,200 | 85 |
| | YA-MAN Ltd. | 11,400 | 85 |
| | Vital KSK Holdings Inc. | 16,900 | 85 |
| * | SRE Holdings Corp. | 3,360 | 85 |
| | Fujibo Holdings Inc. | 3,700 | 84 |
| | Halows Co. Ltd. | 4,200 | 84 |
| | Genky DrugStores Co. Ltd. | 3,300 | 84 |
| 1 | Alpen Co. Ltd. | 6,200 | 84 |
| | Anest Iwata Corp. | 13,700 | 82 |
| | Okabe Co. Ltd. | 17,300 | 82 |
| | COLOPL Inc. | 17,400 | 82 |
| | METAWATER Co. Ltd. | 6,400 | 82 |
| | Obara Group Inc. | 3,500 | 81 |
| * | Fujita Kanko Inc. | 3,800 | 81 |
| | K&O Energy Group Inc. | 5,800 | 81 |
| | Direct Marketing MiX Inc. | 7,200 | 81 |
| | Joshin Denki Co. Ltd. | 6,200 | 80 |
| | TPR Co. Ltd. | 9,500 | 80 |
| | JAC Recruitment Co. Ltd. | 4,700 | 80 |
| | YAMABIKO Corp. | 10,400 | 80 |
| 1 | Pharma Foods International Co. Ltd. | 9,100 | 80 |
| | Bank of Saga Ltd. | 7,600 | 79 |
| | Chubu Shiryo Co. Ltd. | 11,600 | 79 |
| | Tokai Corp. | 6,200 | 79 |
| | Yurtec Corp. | 16,500 | 79 |
| | Hoosiers Holdings | 15,000 | 79 |
| | Tokushu Tokai Paper Co. Ltd. | 4,000 | 79 |
| * | Vision Inc. | 9,300 | 79 |
| | Computer Engineering & Consulting Ltd. | 7,426 | 78 |
| 1 | Rock Field Co. Ltd. | 8,000 | 78 |
| | Taki Chemical Co. Ltd. | 2,200 | 78 |
| | Unipres Corp. | 13,300 | 78 |
| | Elan Corp. | 10,200 | 78 |
| | Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 6,500 | 77 |
| | Mitsubishi Research Institute Inc. | 2,200 | 77 |
| | | Shares | Market
Value•
($000) |
| | FIDEA Holdings Co. Ltd. | 8,790 | 77 |
| 1 | Tama Home Co. Ltd. | 4,900 | 77 |
| | Riso Kyoiku Co. Ltd. | 36,600 | 76 |
| | Ines Corp. | 7,400 | 75 |
| | Seikagaku Corp. | 12,300 | 75 |
| | Starzen Co. Ltd. | 5,400 | 75 |
| | Sanei Architecture Planning Co. Ltd. | 7,200 | 75 |
| | I'll Inc. | 6,000 | 75 |
| | Denyo Co. Ltd. | 7,400 | 73 |
| | Eagle Industry Co. Ltd. | 9,900 | 73 |
| | Hisaka Works Ltd. | 12,900 | 73 |
| | Okuwa Co. Ltd. | 11,800 | 73 |
| | Rheon Automatic Machinery Co. Ltd. | 9,280 | 73 |
| | Ryobi Ltd. | 8,200 | 73 |
| | Sintokogio Ltd. | 15,900 | 73 |
| | TechMatrix Corp. | 6,400 | 73 |
| | Alpha Systems Inc. | 2,500 | 72 |
| | Shinwa Co. Ltd. | 5,400 | 72 |
| | Chofu Seisakusho Co. Ltd. | 5,300 | 72 |
| 1 | Kojima Co. Ltd. | 17,300 | 72 |
| | Riken Vitamin Co. Ltd. | 5,700 | 72 |
| | Akatsuki Inc. | 4,989 | 72 |
| | Sparx Group Co. Ltd. | 7,140 | 72 |
| | SIGMAXYZ Holdings Inc. | 9,000 | 72 |
| | ASAHI YUKIZAI Corp. | 4,400 | 71 |
| | DKK Co. Ltd. | 4,400 | 71 |
| | Onward Holdings Co. Ltd. | 34,000 | 71 |
| * | Unitika Ltd. | 38,700 | 71 |
| | Ichiyoshi Securities Co. Ltd. | 17,300 | 70 |
| | Daikokutenbussan Co. Ltd. | 2,300 | 70 |
| | ValueCommerce Co. Ltd. | 4,800 | 70 |
| | Arcland Service Holdings Co. Ltd. | 4,800 | 70 |
| | IDOM Inc. | 13,800 | 69 |
| | GMO GlobalSign Holdings KK | 2,222 | 69 |
| *,1 | MedPeer Inc. | 6,711 | 69 |
| * | Kintetsu Department Store Co. Ltd. | 4,000 | 68 |
| | Osaki Electric Co. Ltd. | 19,500 | 68 |
| | Tachibana Eletech Co. Ltd. | 6,100 | 68 |
| | Maxvalu Tokai Co. Ltd. | 3,600 | 68 |
| | G-Tekt Corp. | 7,500 | 67 |
| | HI-LEX Corp. | 9,400 | 67 |
| | Itochu-Shokuhin Co. Ltd. | 2,000 | 66 |
| | Komori Corp. | 12,200 | 66 |
| | Kyodo Printing Co. Ltd. | 3,900 | 66 |
| | Mimasu Semiconductor Industry Co. Ltd. | 4,300 | 66 |
| | Toho Zinc Co. Ltd. | 4,600 | 66 |
| | Poletowin Pitcrew Holdings Inc. | 10,300 | 66 |
| | Elematec Corp. | 6,200 | 65 |
| | Aeon Fantasy Co. Ltd. | 3,300 | 65 |
| | Miroku Jyoho Service Co. Ltd. | 6,500 | 65 |
| * | Mitsui E&S Holdings Co. Ltd. | 23,300 | 65 |
| | Shin Nippon Air Technologies Co. Ltd. | 5,100 | 65 |
| | | Shares | Market
Value•
($000) |
| | World Holdings Co. Ltd. | 3,700 | 65 |
| | Chilled & Frozen Logistics Holdings Co. Ltd. | 8,000 | 65 |
| | Matsuda Sangyo Co. Ltd. | 4,300 | 64 |
| | Mitsui DM Sugar Holdings Co. Ltd. | 5,000 | 64 |
| | Dai-Dan Co. Ltd. | 4,500 | 64 |
| | Sinko Industries Ltd. | 6,159 | 64 |
| | Shimojima Co. Ltd. | 9,000 | 64 |
| | Tayca Corp. | 7,561 | 64 |
| | WDB Holdings Co. Ltd. | 3,740 | 64 |
| | Nippon Television Holdings Inc. | 8,500 | 63 |
| | Happinet Corp. | 4,500 | 62 |
| | Kansai Super Market Ltd. | 6,600 | 62 |
| | Central Security Patrols Co. Ltd. | 3,519 | 61 |
| | TV Asahi Holdings Corp. | 6,500 | 61 |
| | J-Oil Mills Inc. | 5,600 | 60 |
| | Sumitomo Seika Chemicals Co. Ltd. | 3,000 | 60 |
| | Torishima Pump Manufacturing Co. Ltd. | 6,900 | 60 |
| | Toyo Kanetsu KK | 3,600 | 60 |
| | Yorozu Corp. | 10,300 | 60 |
| | Takaoka Toko Co. Ltd. | 4,900 | 60 |
| | Inageya Co. Ltd. | 7,747 | 59 |
| | Komatsu Matere Co. Ltd. | 10,700 | 59 |
| | Krosaki Harima Corp. | 1,900 | 59 |
| | Shindengen Electric Manufacturing Co. Ltd. | 2,400 | 59 |
| | Japan Best Rescue System Co. Ltd. | 10,955 | 59 |
| | ES-Con Japan Ltd. | 10,700 | 58 |
| | Sakai Chemical Industry Co. Ltd. | 4,400 | 58 |
| | Optorun Co. Ltd. | 4,100 | 58 |
| * | Open Door Inc. | 4,800 | 58 |
| | ASKA Pharmaceutical Holdings Co. Ltd. | 7,400 | 58 |
| | Godo Steel Ltd. | 5,000 | 57 |
| | Ryoden Corp. | 5,100 | 57 |
| | Pack Corp. | 3,600 | 57 |
| | Kamei Corp. | 7,500 | 56 |
| | Medical Data Vision Co. Ltd. | 7,500 | 56 |
| | Oriental Shiraishi Corp. | 31,300 | 56 |
| | Cawachi Ltd. | 4,000 | 55 |
| | Tosho Co. Ltd. | 7,200 | 55 |
| 1 | Ministop Co. Ltd. | 5,600 | 53 |
| *,1 | Nichi-iko Pharmaceutical Co. Ltd. | 16,950 | 53 |
| | Hito Communications Holdings Inc. | 4,700 | 53 |
| | Icom Inc. | 3,100 | 52 |
| | Neturen Co. Ltd. | 11,600 | 52 |
| | World Co. Ltd. | 5,500 | 52 |
| | SB Technology Corp. | 3,600 | 52 |
| * | Atrae Inc. | 5,000 | 52 |
| | Fukui Computer Holdings Inc. | 2,200 | 51 |
| | Nichiden Corp. | 4,300 | 51 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Nippon Beet Sugar Manufacturing Co. Ltd. | 4,600 | 51 |
| | Honeys Holdings Co. Ltd. | 6,260 | 51 |
| | Toa Corp. (XTKS) | 9,800 | 51 |
| | Japan Transcity Corp. | 15,200 | 51 |
| | Kyoei Steel Ltd. | 5,800 | 51 |
| | Senshu Electric Co. Ltd. | 2,842 | 51 |
| * | Sourcenext Corp. | 24,700 | 50 |
| | Xebio Holdings Co. Ltd. | 7,400 | 50 |
| | Fixstars Corp. | 6,600 | 50 |
| * | Optim Corp. | 8,298 | 50 |
| 1 | JM Holdings Co. Ltd. | 4,400 | 50 |
| | G-7 Holdings Inc. | 5,200 | 50 |
| | Ichikoh Industries Ltd. | 17,000 | 49 |
| | Mars Group Holdings Corp. | 4,000 | 49 |
| | Riken Corp. | 3,200 | 49 |
| | Sumida Corp. | 7,334 | 49 |
| | Advan Group Co. Ltd. | 8,200 | 48 |
| | Daiken Corp. | 3,600 | 48 |
| | Hochiki Corp. | 5,000 | 48 |
| | Mitsuba Corp. | 18,300 | 48 |
| | Nitto Kohki Co. Ltd. | 4,500 | 48 |
| | Taiho Kogyo Co. Ltd. | 10,100 | 47 |
| | Arakawa Chemical Industries Ltd. | 7,400 | 47 |
| | Ohara Inc. | 5,800 | 47 |
| | JDC Corp. | 12,200 | 47 |
| * | BrainPad Inc. | 7,710 | 47 |
| | Aichi Steel Corp. | 3,300 | 46 |
| | Corona Corp. Class A | 8,100 | 46 |
| | Nippon Sharyo Ltd. | 3,483 | 46 |
| | Onoken Co. Ltd. | 4,800 | 46 |
| * | Gurunavi Inc. | 16,000 | 46 |
| 1 | Kanagawa Chuo Kotsu Co. Ltd. | 2,000 | 45 |
| | Marusan Securities Co. Ltd. | 16,100 | 45 |
| | Shibusawa Warehouse Co. Ltd. | 3,300 | 45 |
| | IR Japan Holdings Ltd. | 3,100 | 45 |
| | Fudo Tetra Corp. | 4,400 | 44 |
| | Kanaden Corp. | 6,100 | 44 |
| 1 | Kitanotatsujin Corp. | 22,900 | 44 |
| | AOKI Holdings Inc. | 8,800 | 43 |
| | Kurimoto Ltd. | 3,900 | 43 |
| | Futaba Industrial Co. Ltd. | 16,800 | 42 |
| * | FDK Corp. | 6,800 | 41 |
| | Yahagi Construction Co. Ltd. | 8,200 | 41 |
| | Takamiya Co. Ltd. | 14,800 | 41 |
| | Hodogaya Chemical Co. Ltd. | 2,100 | 40 |
| | Fukuda Corp. | 1,200 | 39 |
| | Osaka Steel Co. Ltd. | 5,500 | 39 |
| | Sanoh Industrial Co. Ltd. | 8,600 | 39 |
| | Chuo Spring Co. Ltd. | 8,200 | 38 |
| | Digital Holdings Inc. | 4,895 | 38 |
| | Tokyo Energy & Systems Inc. | 6,000 | 37 |
| | NEC Capital Solutions Ltd. | 2,600 | 37 |
| | Kawada Technologies Inc. | 1,500 | 37 |
| | Softcreate Holdings Corp. | 1,621 | 37 |
| | Iseki & Co. Ltd. | 4,400 | 36 |
| | | Shares | Market
Value•
($000) |
| | Artnature Inc. | 7,000 | 36 |
| | CMIC Holdings Co. Ltd. | 3,100 | 35 |
| | CI Takiron Corp. | 10,000 | 35 |
| | Marvelous Inc. | 7,600 | 34 |
| * | KLab Inc. | 10,800 | 34 |
| * | Taiko Pharmaceutical Co. Ltd. | 9,157 | 34 |
| 1 | Inui Global Logistics Co. Ltd. | 2,647 | 34 |
| | Asahi Co. Ltd. | 3,800 | 33 |
| | Tsutsumi Jewelry Co. Ltd. | 2,300 | 32 |
| | Enigmo Inc. | 8,700 | 32 |
| | Daisyo Corp. | 4,500 | 31 |
| | Japan Medical Dynamic Marketing Inc. | 3,957 | 31 |
| | Okura Industrial Co. Ltd. | 2,400 | 30 |
| | Tess Holdings Co. Ltd. | 4,400 | 30 |
| | Tokyo Rakutenchi Co. Ltd. | 1,000 | 29 |
| | Kyokuto Securities Co. Ltd. | 6,700 | 28 |
| * | RPA Holdings Inc. | 14,163 | 28 |
| * | Akebono Brake Industry Co. Ltd. | 21,900 | 26 |
| | Media Do Co. Ltd. | 1,830 | 26 |
| | Ebase Co. Ltd. | 7,100 | 26 |
| | Nippon Rietec Co. Ltd. | 5,200 | 26 |
| | Chori Co. Ltd. | 1,900 | 25 |
| | MTI Ltd. | 7,000 | 24 |
| | Tomoku Co. Ltd. | 2,400 | 24 |
| | JSP Corp. | 2,300 | 22 |
| * | TerraSky Co. Ltd. | 1,312 | 22 |
| | Raccoon Holdings Inc. | 2,681 | 22 |
| | Nakayama Steel Works Ltd. | 5,000 | 21 |
| * | Right On Co. Ltd. | 5,100 | 21 |
| | Cleanup Corp. | 5,000 | 20 |
| | Kamakura Shinsho Ltd. | 3,700 | 20 |
| | Robot Home Inc. | 15,300 | 18 |
| | Gecoss Corp. | 3,200 | 17 |
| | Fibergate Inc. | 2,603 | 16 |
| | Nippon Coke & Engineering Co. Ltd. | 28,400 | 15 |
| | I-PEX Inc. | 1,800 | 15 |
| | Oro Co. Ltd. | 1,142 | 13 |
| * | Gunosy Inc. | 1,500 | 7 |
| | Linical Co. Ltd. | 1,300 | 6 |
| * | Tokyo Base Co. Ltd. | 2,650 | 6 |
| | | | 1,826,317 |
| Kuwait (0.1%) |
| | National Bank of Kuwait SAKP | 3,553,200 | 12,365 |
| | Kuwait Finance House KSCP | 3,858,684 | 10,092 |
| | Mobile Telecommunications Co. KSCP | 1,051,905 | 2,033 |
| | Agility Public Warehousing Co. KSC | 780,475 | 1,976 |
| | Boubyan Bank KSCP | 564,043 | 1,500 |
| | Mabanee Co. KPSC | 325,809 | 917 |
| | Gulf Bank KSCP | 794,495 | 879 |
| | National Industries Group Holding SAK | 877,281 | 663 |
| | | Shares | Market
Value•
($000) |
| | Humansoft Holding Co. KSC | 45,542 | 494 |
| | Boubyan Petrochemicals Co. KSCP | 185,530 | 477 |
| * | National Real Estate Co. KPSC | 969,298 | 439 |
| * | Warba Bank KSCP | 434,222 | 338 |
| | Boursa Kuwait Securities Co. KPSC | 45,883 | 336 |
| | Qurain Petrochemical Industries Co. | 344,932 | 281 |
| | Burgan Bank SAK | 383,410 | 270 |
| | Jazeera Airways Co. KSCP | 36,876 | 199 |
| | Kuwait Projects Co. Holding KSCP | 468,250 | 179 |
| | Kuwait International Bank KSCP | 222,924 | 136 |
| | Alimtiaz Investment Group KSC | 502,896 | 121 |
| | Integrated Holding Co. KCSC | 74,047 | 78 |
| | | | 33,773 |
| Luxembourg (0.0%) |
| *,1 | Arrival SA | 81,386 | 63 |
| Malaysia (0.2%) |
| | Public Bank Bhd. | 7,090,630 | 6,706 |
| | Malayan Banking Bhd. | 3,500,281 | 6,358 |
| | CIMB Group Holdings Bhd. | 3,348,352 | 3,911 |
| | Tenaga Nasional Bhd. | 1,576,674 | 2,808 |
| | Petronas Chemicals Group Bhd. | 1,430,589 | 2,637 |
| | Sime Darby Plantation Bhd. | 1,741,375 | 1,621 |
| | Axiata Group Bhd. | 2,632,551 | 1,584 |
| | Press Metal Aluminium Holdings Bhd. | 1,687,460 | 1,553 |
| | IOI Corp. Bhd. | 1,675,040 | 1,446 |
| | Hong Leong Bank Bhd. | 314,400 | 1,409 |
| | DiGi.Com Bhd. | 1,631,600 | 1,309 |
| | Ihh Healthcare Bhd. | 1,017,920 | 1,281 |
| | MISC Bhd. | 825,921 | 1,264 |
| | PPB Group Bhd. | 326,340 | 1,152 |
| | Petronas Gas | 283,900 | 1,027 |
| | Kuala Lumpur Kepong Bhd. | 219,500 | 1,005 |
| | Genting Bhd. | 1,048,000 | 985 |
| | Gamuda Bhd. | 1,183,000 | 963 |
| | RHB Bank Bhd. | 757,250 | 917 |
| | Nestle Malaysia Bhd. | 32,200 | 906 |
| | Maxis Bhd. | 1,093,900 | 890 |
| | Sime Darby Bhd. | 1,839,075 | 876 |
| | AMMB Holdings Bhd. | 997,500 | 863 |
| | Dialog Group Bhd. | 1,974,248 | 860 |
| | Inari Amertron Bhd. | 1,473,675 | 778 |
| | Genting Malaysia Bhd. | 1,280,200 | 743 |
| | Genting Plantations Bhd. | 540,300 | 699 |
| | Telekom Malaysia Bhd. | 553,700 | 651 |
| | Petronas Dagangan Bhd. | 133,200 | 611 |
| * | Malaysia Airports Holdings Bhd. | 407,700 | 515 |
| | QL Resources Bhd. | 473,590 | 513 |
| | Alliance Bank Malaysia Bhd. | 622,400 | 487 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | IJM Corp. Bhd. | 1,339,420 | 461 |
| | Top Glove Corp. Bhd. | 2,621,500 | 441 |
| 2 | MR DIY Group M Bhd | 1,023,750 | 438 |
| | Carlsberg Brewery Malaysia Bhd. | 85,600 | 403 |
| | Hong Leong Financial Group Bhd. | 95,942 | 388 |
| | Pentamaster Corp. Bhd. | 456,300 | 376 |
| | Hartalega Holdings Bhd. | 779,800 | 356 |
| | TIME dotCom Bhd. | 361,200 | 348 |
| | My EG Services Bhd. | 1,806,600 | 338 |
| | Sunway REIT | 1,119,900 | 332 |
| | Axis REIT | 812,000 | 321 |
| | D&O Green Technologies Bhd. | 387,200 | 319 |
| | Yinson Holdings Bhd. | 702,020 | 315 |
| | YTL Corp. Bhd. | 2,494,212 | 298 |
| | Mega First Corp. Bhd. | 428,700 | 298 |
| | Westports Holdings Bhd. | 410,900 | 291 |
| | ViTrox Corp. Bhd. | 191,700 | 288 |
| | Frontken Corp. Bhd. | 533,400 | 278 |
| | Bursa Malaysia Bhd. | 201,650 | 275 |
| | PMB Technology Bhd | 279,721 | 239 |
| | Scientex Bhd. | 313,200 | 216 |
| | British American Tobacco Malaysia Bhd. | 94,900 | 211 |
| | UMW Holdings Bhd | 296,100 | 210 |
| | Dagang NeXchange Bhd | 1,278,800 | 206 |
| | Sunway Bhd. | 603,116 | 204 |
| | VS Industry Bhd. | 1,129,200 | 202 |
| | United Plantations BHD | 63,000 | 190 |
| | Syarikat Takaful Malaysia Keluarga Bhd. | 254,400 | 178 |
| | Fraser & Neave Holdings Bhd. | 40,700 | 177 |
| * | Berjaya Corp. Bhd. | 3,557,133 | 177 |
| | Malaysian Pacific Industries Bhd. | 31,000 | 158 |
| | FGV Holdings Bhd. | 539,000 | 151 |
| | Supermax Corporation Bhd. | 719,433 | 147 |
| | KPJ Healthcare Bhd. | 816,700 | 142 |
| | CTOS Digital Bhd. | 456,400 | 136 |
| | BerMaz Auto Bhd. | 320,120 | 134 |
| | Kossan Rubber Industries Bhd. | 507,100 | 134 |
| | Malaysia Building Society Bhd. | 1,037,300 | 129 |
| | AEON Credit Service M Bhd. | 45,000 | 124 |
| 2 | Lotte Chemical Titan Holding Bhd. | 424,800 | 118 |
| * | Greatech Technology Bhd. | 159,200 | 110 |
| | Padini Holdings Bhd. | 151,000 | 108 |
| | Berjaya Sports Toto Bhd. | 277,549 | 107 |
| * | Bumi Armada Bhd. | 1,238,050 | 102 |
| | DRB-Hicom Bhd. | 333,800 | 95 |
| | UWC Bhd. | 116,100 | 91 |
| * | Leong Hup International Bhd. | 919,600 | 89 |
| | Astro Malaysia Holdings Bhd. | 557,587 | 80 |
| * | Hong Seng Consolidated Bhd. | 1,559,800 | 72 |
| | SP Setia Bhd. Group | 482,100 | 49 |
| | | Shares | Market
Value•
($000) |
| | Cahya Mata Sarawak Bhd. | 244,700 | 43 |
| | Malaysian Resources Corp. Bhd. | 667,900 | 42 |
| * | Velesto Energy Bhd. | 1,473,763 | 38 |
| * | UEM Sunrise Bhd. | 780,000 | 34 |
| | WCT Holdings Bhd. | 339,641 | 26 |
| * | Sunway Bhd. Warrants Exp. 10/3/24 | 57,011 | 3 |
| * | Velesto Energy Bhd. Warrants Exp. 10/18/24 | 467,368 | 3 |
| * | Malaysian Resources Corp. Bhd. Warrants Exp. 10/29/27 | 95,161 | 1 |
| * | Serba Dinamik Holdings Bhd. Warrants Exp. 12/5/24 | 97,620 | — |
| | | | 60,568 |
| Mexico (0.3%) |
| | America Movil SAB de CV Series L | 14,478,675 | 13,702 |
| | Grupo Financiero Banorte SAB de CV Class O | 1,465,903 | 11,916 |
| | Wal-Mart de Mexico SAB de CV | 2,624,259 | 10,136 |
| | Fomento Economico Mexicano SAB de CV | 956,766 | 6,868 |
| | Grupo Mexico SAB de CV Series B | 1,593,083 | 5,776 |
| | Grupo Bimbo SAB de CV Series A | 1,144,900 | 4,433 |
| * | Cemex SAB de CV | 7,732,702 | 3,005 |
| | Grupo Aeroportuario del Pacifico SAB de CV Class B | 170,150 | 2,636 |
| | Grupo Aeroportuario del Sureste SAB de CV Class B | 96,126 | 2,250 |
| | Arca Continental SAB de CV | 221,900 | 1,818 |
| | Coca-Cola Femsa SAB de CV | 284,060 | 1,789 |
| * | Grupo Financiero Inbursa SAB de CV Class O | 945,500 | 1,745 |
| | Fibra Uno Administracion SA de CV | 1,445,073 | 1,686 |
| | Grupo Elektra SAB de CV | 30,964 | 1,554 |
| | Grupo Aeroportuario del Centro Norte SAB de CV Class B | 157,488 | 1,255 |
| | Grupo Televisa SAB | 1,132,834 | 1,202 |
| | Alfa SAB de CV Class A | 1,696,600 | 1,126 |
| | Gruma SAB de CV Class B | 95,870 | 1,112 |
| | Grupo Comercial Chedraui SA de CV | 254,059 | 1,024 |
| | Grupo Carso SAB de CV | 238,567 | 961 |
| 2 | Banco del Bajio SA | 314,038 | 886 |
| | Prologis Property Mexico SA de CV | 328,625 | 844 |
| | Regional SAB de CV | 119,800 | 837 |
| | Orbia Advance Corp. SAB de CV | 469,758 | 793 |
| | | Shares | Market
Value•
($000) |
| | Promotora y Operadora de Infraestructura SAB de CV | 102,587 | 772 |
| | Corp. Inmobiliaria Vesta SAB de CV | 344,801 | 749 |
| | Kimberly-Clark de Mexico SAB de CV Class A | 427,500 | 674 |
| | PLA Administradora Industrial S de RL de CV | 473,746 | 664 |
| | Operadora De Sites Mexicanos SAB de CV | 595,065 | 648 |
| | Industrias Penoles SAB de CV | 56,978 | 646 |
| | Becle SAB de CV | 286,000 | 605 |
| 2 | Macquarie Mexico Real Estate Management SA de CV | 414,800 | 552 |
| | El Puerto de Liverpool SAB de CV Class C1 | 103,000 | 528 |
| * | Alsea SAB de CV | 262,700 | 504 |
| | Bolsa Mexicana de Valores SAB de CV | 274,000 | 499 |
| * | Controladora Vuela Cia de Aviacion SAB de CV Class A | 550,900 | 468 |
| | GCC SAB de CV | 73,200 | 454 |
| | Gentera SAB de CV | 391,800 | 403 |
| | La Comer SAB de CV | 187,574 | 348 |
| | Megacable Holdings SAB de CV | 146,462 | 308 |
| | Genomma Lab Internacional SAB de CV Class B | 388,063 | 299 |
| | Qualitas Controladora SAB de CV | 68,064 | 267 |
| | Alpek SAB de CV | 188,017 | 264 |
| | Industrias Bachoco SAB de CV Class B | 56,689 | 231 |
| *,2 | Nemak SAB de CV | 752,599 | 207 |
| * | Sitios Latinoamerica SAB de CV | 698,959 | 204 |
| *,2 | Grupo Traxion SAB de CV | 159,535 | 186 |
| | Concentradora Fibra Danhos SA de CV | 111,508 | 138 |
| | Grupo Rotoplas SAB de CV | 69,601 | 105 |
| * | Axtel SAB de CV | 542,336 | 38 |
| | | | 90,115 |
| Netherlands (0.9%) |
| | ASML Holding NV | 203,424 | 95,424 |
| *,2 | Adyen NV | 14,988 | 21,397 |
| | ING Groep NV | 1,921,306 | 18,905 |
| | Prosus NV | 431,203 | 18,646 |
| | Koninklijke Ahold Delhaize NV | 512,176 | 14,284 |
| | Wolters Kluwer NV | 130,600 | 13,877 |
| | Koninklijke DSM NV | 88,467 | 10,406 |
| | Heineken NV | 119,685 | 9,998 |
| | Universal Music Group NV | 370,103 | 7,267 |
| | NN Group NV | 154,396 | 6,537 |
| | ArcelorMittal SA | 264,398 | 5,910 |
| | Koninklijke Philips NV | 456,384 | 5,789 |
| | Akzo Nobel NV | 90,034 | 5,558 |
| | ASM International NV | 23,279 | 5,150 |
| | Koninklijke KPN NV | 1,676,534 | 4,689 |
| 1 | Aegon NV | 914,366 | 4,233 |
| | IMCD NV | 29,720 | 3,854 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Heineken Holding NV | 53,380 | 3,642 |
| | EXOR NV (XAMS) | 47,537 | 3,195 |
| | ASR Nederland NV | 70,375 | 3,099 |
| | Randstad NV | 52,896 | 2,636 |
| * | Unibail-Rodamco-Westfield | 54,678 | 2,584 |
| | BE Semiconductor Industries NV | 39,900 | 2,033 |
| 2 | ABN AMRO Bank NV GDR | 197,427 | 1,941 |
| | OCI NV | 48,256 | 1,846 |
| 2 | Signify NV | 58,941 | 1,633 |
| | Aalberts NV | 45,753 | 1,587 |
| *,2 | Just Eat Takeaway.com NV | 77,844 | 1,336 |
| | Arcadis NV | 34,581 | 1,174 |
| | JDE Peet's NV | 40,321 | 1,154 |
| | SBM Offshore NV | 80,431 | 1,088 |
| * | Galapagos NV | 23,081 | 1,053 |
| | Allfunds Group plc | 167,281 | 1,052 |
| *,2 | Intertrust NV | 45,366 | 895 |
| | Corbion NV | 27,997 | 746 |
| *,2 | Alfen Beheer BV | 6,564 | 696 |
| * | EXOR NV | 10,158 | 683 |
| * | InPost SA | 101,331 | 646 |
| * | Fugro NV | 48,712 | 633 |
| | Koninklijke Vopak NV | 30,757 | 628 |
| | TKH Group NV GDR | 17,380 | 615 |
| *,1,2 | Basic-Fit NV | 23,307 | 587 |
| | APERAM SA | 22,041 | 575 |
| | Eurocommercial Properties NV | 25,151 | 553 |
| | AMG Advanced Metallurgical Group NV | 15,733 | 492 |
| 2 | CTP NV | 35,257 | 366 |
| 1 | PostNL NV | 207,848 | 325 |
| 2 | Flow Traders | 12,164 | 293 |
| * | TomTom NV | 34,247 | 268 |
| | Vastned Retail NV | 10,192 | 207 |
| | Wereldhave NV | 16,890 | 207 |
| * | Koninklijke BAM Groep NV | 90,114 | 197 |
| | Majorel Group Luxembourg SA | 9,565 | 196 |
| | Brunel International NV | 20,680 | 190 |
| | NSI NV | 7,906 | 189 |
| | Sligro Food Group NV | 12,587 | 183 |
| *,2 | Just Eat Takeaway.com NV (XLON) | 9,964 | 171 |
| *,1 | Ebusco Holding NV | 7,222 | 111 |
| 2 | B&S Group Sarl | 7,543 | 39 |
| | | | 293,668 |
| New Zealand (0.1%) |
| | Fisher & Paykel Healthcare Corp. Ltd. | 308,829 | 3,510 |
| | Spark New Zealand Ltd. | 1,001,326 | 2,981 |
| * | Auckland International Airport Ltd. | 570,561 | 2,551 |
| | Meridian Energy Ltd. | 657,328 | 1,863 |
| | Infratil Ltd. | 350,638 | 1,780 |
| | Mainfreight Ltd. | 40,200 | 1,777 |
| | Contact Energy Ltd. | 400,187 | 1,755 |
| | EBOS Group Ltd. | 75,520 | 1,646 |
| | Fletcher Building Ltd. | 426,263 | 1,273 |
| * | a2 Milk Co. Ltd. | 337,819 | 1,138 |
| | Mercury NZ Ltd. | 322,138 | 1,089 |
| 1 | Chorus Ltd. | 209,654 | 1,012 |
| | | Shares | Market
Value•
($000) |
| 1 | Ryman Healthcare Ltd. | 205,048 | 999 |
| * | SKYCITY Entertainment Group Ltd. | 421,825 | 711 |
| | Summerset Group Holdings Ltd. | 105,618 | 594 |
| | Goodman Property Trust | 437,157 | 526 |
| | Precinct Properties New Zealand Ltd. | 675,233 | 484 |
| | Freightways Ltd. | 74,322 | 447 |
| 1 | Genesis Energy Ltd. | 231,807 | 381 |
| * | Air New Zealand Ltd. | 830,223 | 377 |
| | Kiwi Property Group Ltd. | 715,522 | 376 |
| * | Vista Group International Ltd. | 420,352 | 376 |
| | Vector Ltd. | 132,396 | 315 |
| | Argosy Property Ltd. | 433,607 | 299 |
| | Vital Healthcare Property Trust | 205,165 | 279 |
| * | Pushpay Holdings Ltd. | 381,240 | 276 |
| | Stride Property Group | 277,616 | 258 |
| | Scales Corp. Ltd. | 90,087 | 248 |
| | Arvida Group Ltd. | 334,695 | 245 |
| | Heartland Group Holdings Ltd. | 207,289 | 206 |
| | Skellerup Holdings Ltd. | 65,641 | 202 |
| | SKY Network Television Ltd. | 135,322 | 171 |
| | Oceania Healthcare Ltd. | 327,119 | 163 |
| * | Tourism Holdings Ltd. | 70,281 | 151 |
| | KMD Brands Ltd. | 240,079 | 151 |
| * | Pacific Edge Ltd. | 343,802 | 86 |
| * | Serko Ltd. | 40,373 | 70 |
| * | Synlait Milk Ltd. | 35,408 | 64 |
| | | | 30,830 |
| Norway (0.2%) |
| | Equinor ASA | 478,270 | 17,425 |
| | DNB Bank ASA | 519,297 | 9,185 |
| | Aker BP ASA (XOSL) | 149,681 | 4,755 |
| | Norsk Hydro ASA | 699,424 | 4,439 |
| | Yara International ASA | 87,287 | 3,896 |
| | Mowi ASA | 225,342 | 3,363 |
| | Telenor ASA | 324,198 | 2,946 |
| | Orkla ASA | 367,530 | 2,479 |
| | TOMRA Systems ASA | 120,418 | 1,945 |
| | Storebrand ASA | 228,395 | 1,777 |
| | Gjensidige Forsikring ASA | 86,677 | 1,584 |
| | Kongsberg Gruppen ASA | 34,784 | 1,247 |
| | Subsea 7 SA | 122,874 | 1,226 |
| | Bakkafrost P/F | 24,460 | 1,224 |
| * | Nordic Semiconductor ASA | 77,787 | 1,098 |
| | Aker ASA Class A | 14,284 | 1,008 |
| * | Adevinta ASA | 138,641 | 949 |
| | SpareBank 1 SR-Bank ASA | 86,141 | 877 |
| | Salmar ASA | 25,663 | 870 |
| | TGS ASA | 60,760 | 827 |
| * | NEL ASA | 676,049 | 826 |
| | Schibsted ASA Class B | 53,733 | 799 |
| 1 | Frontline Ltd. | 55,906 | 699 |
| | Var Energi ASA | 195,803 | 666 |
| | SpareBank 1 SMN | 61,573 | 665 |
| | Borregaard ASA | 44,130 | 593 |
| | Leroy Seafood Group ASA | 120,937 | 557 |
| | | Shares | Market
Value•
($000) |
| *,1,2 | AutoStore Holdings Ltd. | 279,558 | 528 |
| * | Golden Ocean Group Ltd. | 59,011 | 492 |
| | Atea ASA | 42,801 | 476 |
| | Schibsted ASA Class A | 30,712 | 474 |
| | Wallenius Wilhelmsen ASA | 62,865 | 447 |
| | Aker Solutions ASA | 115,253 | 440 |
| | Veidekke ASA | 52,587 | 437 |
| 2 | Scatec ASA | 61,320 | 434 |
| | FLEX LNG Ltd. | 13,722 | 426 |
| 2 | Elkem ASA | 125,425 | 417 |
| | DNO ASA | 291,998 | 380 |
| | Bonheur ASA | 12,277 | 349 |
| 2 | BW LPG Ltd. | 41,482 | 336 |
| 2 | Entra ASA | 35,351 | 322 |
| | Austevoll Seafood ASA | 43,237 | 320 |
| | Hafnia Ltd. | 58,432 | 301 |
| * | Kahoot! ASA | 139,297 | 297 |
| *,2 | Crayon Group Holding ASA | 35,256 | 292 |
| | MPC Container Ships ASA | 132,278 | 209 |
| | Stolt-Nielsen Ltd. | 7,735 | 186 |
| | Grieg Seafood ASA | 26,579 | 184 |
| * | Aker Carbon Capture ASA | 151,502 | 171 |
| | Sparebank 1 Oestlandet | 14,697 | 159 |
| * | Aker Horizons Holding ASA | 119,449 | 150 |
| * | BW Energy Ltd. | 45,246 | 114 |
| | Arendals Fossekompani A/S | 4,855 | 111 |
| | BW Offshore Ltd. | 39,903 | 101 |
| * | Norway Royal Salmon ASA | 7,755 | 99 |
| * | Hexagon Composites ASA | 43,276 | 99 |
| | | | 76,676 |
| Pakistan (0.0%) |
| | MCB Bank Ltd. | 411,320 | 227 |
| | Fauji Fertilizer Co. Ltd. | 469,991 | 220 |
| | Engro Corp. Ltd. | 173,226 | 185 |
| * | Lucky Cement Ltd. | 69,998 | 154 |
| * | TRG Pakistan | 249,819 | 125 |
| | Hub Power Co. Ltd. | 384,498 | 115 |
| | Bank Alfalah Ltd. | 784,468 | 111 |
| | Pakistan State Oil Co. Ltd. | 171,596 | 109 |
| | Habib Bank Ltd. | 325,961 | 103 |
| | Pakistan Oilfields Ltd. | 53,810 | 94 |
| | Millat Tractors Ltd. | 26,805 | 81 |
| | Engro Fertilizers Ltd. | 189,840 | 70 |
| | Pakistan Petroleum Ltd. | 260,712 | 61 |
| | Oil & Gas Development Co. Ltd. | 177,400 | 56 |
| | United Bank Ltd. | 95,600 | 46 |
| | Nishat Mills Ltd. | 116,000 | 32 |
| | Searle Co. Ltd. | 79,090 | 27 |
| | DG Khan Cement Co. Ltd. | 90,500 | 21 |
| | | | 1,837 |
| Philippines (0.1%) |
| | SM Prime Holdings Inc. | 5,157,350 | 2,817 |
| | Bdo Unibank Inc. | 954,294 | 2,109 |
| | Ayala Corp. | 149,595 | 1,736 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | International Container Terminal Services Inc. | 564,300 | 1,692 |
| | Ayala Land Inc. | 3,742,400 | 1,661 |
| | Bank of The Philippines Islands | 882,960 | 1,468 |
| | PLDT Inc. | 45,165 | 1,274 |
| | JG Summit Holdings Inc. | 1,409,323 | 1,055 |
| | Universal Robina Corp. | 422,390 | 894 |
| | Jollibee Foods Corp. | 207,330 | 832 |
| | Metropolitan Bank & Trust Co. | 828,509 | 744 |
| 2 | Monde Nissin Corp. | 3,498,200 | 709 |
| | Manila Electric Co. | 121,965 | 636 |
| | Globe Telecom Inc. | 14,194 | 572 |
| | Metro Pacific Investments Corp. | 7,516,300 | 476 |
| * | Cebu Air Inc. | 675,340 | 423 |
| * | Emperador Inc. | 1,147,200 | 388 |
| | Aboitiz Power Corp. | 700,320 | 384 |
| | Wilcon Depot Inc. | 747,100 | 380 |
| | Semirara Mining & Power Corp. Class A | 591,836 | 360 |
| | GT Capital Holdings Inc. | 48,085 | 344 |
| | San Miguel Corp. | 198,800 | 330 |
| | AC Energy Corp. | 3,034,885 | 330 |
| | Security Bank Corp. | 215,650 | 323 |
| | Robinsons Retail Holdings Inc. | 337,760 | 313 |
| | Alliance Global Group Inc. | 1,938,100 | 302 |
| * | Converge Information and Communications Technology Solutions Inc. | 1,323,800 | 283 |
| | Puregold Price Club Inc. | 511,480 | 265 |
| | DMCI Holdings Inc. | 1,475,900 | 243 |
| | Robinson's Land Corp. | 753,861 | 194 |
| | LT Group Inc. | 1,264,300 | 177 |
| * | Bloomberry Resorts Corp. | 1,343,300 | 163 |
| | Century Pacific Food Inc. | 394,200 | 162 |
| | Megaworld Corp. | 4,417,900 | 159 |
| | AREIT Inc. | 278,300 | 149 |
| | San Miguel Food and Beverage Inc. | 216,070 | 137 |
| | Filinvest Land Inc. | 9,974,000 | 134 |
| | RL Commercial REIT Inc. | 1,536,400 | 134 |
| | Nickel Asia Corp. | 1,574,100 | 132 |
| | Manila Water Co. Inc. | 427,700 | 121 |
| | D&L Industries Inc. | 751,700 | 102 |
| | First Gen Corp. | 286,238 | 77 |
| | Vista Land & Lifescapes Inc. | 1,638,160 | 49 |
| | | | 25,233 |
| Poland (0.1%) |
| | Polski Koncern Naftowy ORLEN SA | 204,397 | 2,347 |
| | Powszechna Kasa Oszczednosci Bank Polski SA | 414,034 | 2,256 |
| *,2 | Dino Polska SA | 23,499 | 1,534 |
| | Powszechny Zaklad Ubezpieczen SA | 268,684 | 1,505 |
| | KGHM Polska Miedz SA | 74,350 | 1,486 |
| | | Shares | Market
Value•
($000) |
| | Bank Polska Kasa Opieki SA | 74,655 | 1,224 |
| | LPP SA | 534 | 925 |
| * | Polskie Gornictwo Naftowe i Gazownictwo SA | 849,477 | 903 |
| *,1,2 | Allegro.eu SA | 183,480 | 890 |
| 1 | CD Projekt SA | 30,899 | 821 |
| | Santander Bank Polska SA | 13,486 | 716 |
| | Warsaw Stock Exchange | 81,687 | 553 |
| * | Alior Bank SA | 84,987 | 522 |
| | KRUK SA | 8,768 | 511 |
| | Cyfrowy Polsat SA | 113,971 | 427 |
| | Asseco Poland SA | 26,487 | 381 |
| * | mBank SA | 6,177 | 346 |
| | Orange Polska SA | 271,666 | 343 |
| *,2 | Pepco Group NV | 48,672 | 342 |
| * | PGE Polska Grupa Energetyczna SA | 244,193 | 278 |
| * | Bank Millennium SA | 293,323 | 267 |
| * | Tauron Polska Energia SA | 581,627 | 236 |
| *,1 | Jastrzebska Spolka Weglowa SA | 21,805 | 189 |
| | Bank Handlowy w Warszawie SA | 11,626 | 150 |
| * | Enea SA | 121,022 | 132 |
| * | Grupa Azoty SA | 18,927 | 130 |
| | Kernel Holding SA | 34,594 | 120 |
| *,1 | CCC SA | 13,354 | 103 |
| * | Ciech SA | 13,778 | 97 |
| * | AmRest Holdings SE | 24,770 | 95 |
| | | | 19,829 |
| Portugal (0.1%) |
| | EDP - Energias de Portugal SA | 1,442,639 | 6,303 |
| | Jeronimo Martins SGPS SA | 140,294 | 2,903 |
| | Galp Energia SGPS SA | 247,444 | 2,512 |
| | EDP Renovaveis SA | 116,787 | 2,458 |
| | NOS SGPS SA | 243,447 | 954 |
| | Banco Comercial Portugues SA Class R | 3,402,397 | 485 |
| | Sonae SGPS SA | 501,344 | 481 |
| | REN - Redes Energeticas Nacionais SGPS SA | 181,547 | 470 |
| | Navigator Co. SA | 112,017 | 427 |
| | CTT-Correios de Portugal SA | 84,886 | 262 |
| | Greenvolt-Energias Renovaveis SA | 30,676 | 236 |
| | Corticeira Amorim SGPS SA | 20,927 | 202 |
| | Altri SGPS SA | 31,778 | 177 |
| | Semapa-Sociedade de Investimento e Gestao | 5,989 | 76 |
| | | | 17,946 |
| Qatar (0.1%) |
| | Qatar National Bank QPSC | 2,243,424 | 12,284 |
| | Qatar Islamic Bank SAQ | 914,792 | 6,121 |
| | Industries Qatar QSC | 805,775 | 3,488 |
| | Masraf Al Rayan QSC | 3,109,531 | 3,276 |
| | Commercial Bank PSQC | 1,696,108 | 2,932 |
| | Qatar International Islamic Bank QSC | 567,947 | 1,804 |
| | | Shares | Market
Value•
($000) |
| | Qatar Gas Transport Co. Ltd. | 1,341,089 | 1,510 |
| | Qatar Fuel QSC | 283,923 | 1,488 |
| | Mesaieed Petrochemical Holding Co. | 2,158,152 | 1,346 |
| | Qatar Electricity & Water Co. QSC | 214,349 | 1,089 |
| | Ooredoo QPSC | 381,646 | 1,023 |
| | Barwa Real Estate Co. | 935,807 | 873 |
| | Qatar Navigation QSC | 269,822 | 760 |
| | Doha Bank QPSC | 1,146,147 | 694 |
| | Qatar Aluminum Manufacturing Co. | 1,449,416 | 645 |
| | Qatar Insurance Co. SAQ | 909,409 | 539 |
| | Vodafone Qatar QSC | 803,696 | 370 |
| | United Development Co. QSC | 853,995 | 336 |
| * | Ezdan Holding Group QSC | 889,166 | 294 |
| | Medicare Group | 150,777 | 288 |
| * | Gulf International Services QSC | 464,828 | 232 |
| | Al Meera Consumer Goods Co. QSC | 42,068 | 202 |
| | | | 41,594 |
| Romania (0.0%) |
| | Banca Transilvania SA | 259,583 | 889 |
| | OMV Petrom SA (XAMS) | 6,534,409 | 594 |
| | Societatea Nationala Nuclearelectrica SA | 27,936 | 226 |
| | One United Properties SA | 796,565 | 198 |
| * | MED Life SA | 35,267 | 116 |
| * | OMV Petrom SA | 674,419 | 61 |
| | Teraplast SA | 521,432 | 54 |
| | | | 2,138 |
| Russia (0.0%) |
| *,3 | Inter Rao Ues PJSC | 21,942,572 | — |
| 3 | MMC Norilsk Nickel PJSC ADR | 41,515 | — |
| *,3 | Sberbank of Russia PJSC | 4,728,611 | — |
| 3 | Mobile TeleSystems PJSC ADR | 8,900 | — |
| *,3 | Moscow Exchange MICEX-RTS PJSC | 658,425 | — |
| 3 | Magnit PJSC GDR (Registered) | 55,799 | — |
| 3 | MMC Norilsk Nickel PJSC | 19,363 | — |
| 3 | LUKOIL PJSC ADR | 7,567 | — |
| *,3 | Gazprom PJSC ADR | 313,870 | — |
| *,3 | Surgutneftegas PJSC ADR | 47,140 | — |
| 3 | Tatneft PSJC ADR | 54,709 | — |
| *,3 | Mechel PJSC Preference Shares | 45,248 | — |
| *,3 | Alrosa PJSC | 1,231,670 | — |
| 3 | PhosAgro PJSC | 15,783 | — |
| 2,3 | Detsky Mir PJSC | 260,150 | — |
| 3 | United Co. Rusal International | 1,172,328 | — |
| 3 | Unipro PJSC | 4,599,900 | — |
| 3 | OGK-2 PJSC | 12,702,000 | — |
| *,3 | Polyus PJSC | 13,233 | — |
| 3 | Raspadskaya OJSC | 42,160 | — |
| *,3 | TGC-1 PJSC | 1,082,800,000 | — |
| *,3 | RusHydro PJSC | 48,994,242 | — |
| *,3 | Aeroflot PJSC | 460,151 | — |
| 3 | Rostelecom PJSC | 423,403 | — |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| *,3 | Mechel PJSC | 111,128 | — |
| 3 | Tatneft PJSC | 225,781 | — |
| 3 | Rosseti Lenenergo PJSC Preference Shares | 65,770 | — |
| *,3 | LSR Group PJSC Class A | 8,952 | — |
| 3 | Novolipetskiy Metallurgicheskiy Kombinat PJSC | 493,984 | — |
| 3 | Mobile TeleSystems PJSC | 325,942 | — |
| 3 | Magnit PJSC | 21,158 | — |
| 3 | Novatek PJSC | 475,632 | — |
| 3 | Gazprom PJSC | 4,172,369 | — |
| *,3 | Mosenergo PJSC | 4,418,467 | — |
| 3 | Transneft PJSC Preference Shares | 665 | — |
| *,3 | Federal Grid Co. | 97,070,000 | — |
| 3 | Lukoil PJSC | 169,538 | — |
| 3 | M Video PJSC | 64,788 | — |
| 3 | Rosneft Oil Co. PJSC | 468,990 | — |
| 3 | Magnitogorsk Iron & Steel Works PJSC | 837,541 | — |
| 3 | Tatneft PJSC Preference Shares | 206,884 | — |
| *,3 | VTB Bank PJSC | 2,095,416,403 | — |
| *,3 | ROSSETI PJSC | 10,882,193 | — |
| *,3 | ENEL RUSSIA PJSC | 10,241,000 | — |
| 3 | Bashneft PJSC Preference Shares | 5,732 | — |
| *,3 | Sistema PJSFC | 1,740,320 | — |
| 3 | Severstal PAO PJSC | 82,549 | — |
| 3 | Surgutneftegas PJSC | 3,687,540 | — |
| 3 | Surgutneftegas PJSC Preference Shares | 3,000,000 | — |
| *,3 | Credit Bank of Moscow PJSC | 5,908,600 | — |
| 3 | Sovcomflot PJSC | 170,280 | — |
| 3 | Samolet Group | 3,481 | — |
| 3 | Novorossiysk Commercial Sea Port PJSC | 2,266,500 | — |
| 3 | Bank St. Petersburg PJSC | 83,530 | — |
| 3 | IDGC of Centre and Volga Region PJSC | 41,250,000 | — |
| 3 | Cherkizovo Group PJSC | 224 | — |
| 2,3 | Segezha Group PJSC | 947,500 | — |
| *,3 | PhosAgro PJSC GDR | 214 | — |
| | | | — |
| Saudi Arabia (0.5%) |
| * | Al Rajhi Bank | 989,927 | 22,447 |
| | Saudi National Bank | 1,117,488 | 17,662 |
| 2 | Saudi Arabian Oil Co. | 1,409,900 | 13,085 |
| | Saudi Basic Industries Corp. | 452,736 | 10,630 |
| | Saudi Telecom Co. | 929,879 | 9,990 |
| * | Saudi Arabian Mining Co. | 406,763 | 9,054 |
| | Riyad Bank | 745,971 | 7,130 |
| | Saudi British Bank | 507,343 | 5,877 |
| | SABIC Agri-Nutrients Co. | 117,705 | 4,973 |
| | Alinma Bank | 488,865 | 4,877 |
| | Banque Saudi Fransi | 296,512 | 3,408 |
| * | Bank AlBilad | 250,548 | 3,384 |
| | International Co. For Water & Power Projects | 65,902 | 3,051 |
| | Arab National Bank | 336,789 | 2,892 |
| | Saudi Electricity Co. | 402,207 | 2,888 |
| | | Shares | Market
Value•
($000) |
| | Dr Sulaiman Al Habib Medical Services Group Co. | 45,074 | 2,719 |
| | Sahara International Petrochemical Co. | 186,430 | 2,007 |
| | Etihad Etisalat Co. | 195,719 | 1,905 |
| | Almarai Co. JSC | 122,232 | 1,830 |
| | Yanbu National Petrochemical Co. | 136,218 | 1,620 |
| | Bupa Arabia for Cooperative Insurance Co. | 28,271 | 1,452 |
| | Mouwasat Medical Services Co. | 23,689 | 1,379 |
| | Jarir Marketing Co. | 30,423 | 1,327 |
| * | Saudi Kayan Petrochemical Co. | 359,354 | 1,259 |
| | Bank Al-Jazira | 197,246 | 1,227 |
| | Saudi Investment Bank | 247,238 | 1,193 |
| | Nahdi Medical Co. | 22,602 | 1,190 |
| | Saudi Industrial Investment Group | 184,467 | 1,102 |
| | Elm Co. | 12,423 | 1,092 |
| | Savola Group | 130,662 | 1,018 |
| | Saudi Tadawul Group Holding Co. | 17,298 | 999 |
| * | Dar Al Arkan Real Estate Development Co. | 263,841 | 944 |
| | Dallah Healthcare Co. | 20,216 | 862 |
| * | Saudi Research & Media Group | 15,807 | 847 |
| | Arabian Internet & Communications Services Co. | 12,625 | 833 |
| | Abdullah Al Othaim Markets Co. | 25,351 | 766 |
| * | Mobile Telecommunications Co. Saudi Arabia | 211,062 | 729 |
| | Advanced Petrochemical Co. | 61,556 | 725 |
| * | Rabigh Refining & Petrochemical Co. | 194,303 | 704 |
| * | Co. for Cooperative Insurance | 30,507 | 688 |
| | Saudi Cement Co. | 42,890 | 608 |
| | Al Hammadi Co. for Development and Investment | 49,256 | 589 |
| * | National Industrialization Co. | 157,180 | 559 |
| | Southern Province Cement Co. | 37,373 | 545 |
| * | Emaar Economic City | 207,358 | 529 |
| * | Seera Group Holding | 96,350 | 489 |
| | Saudia Dairy & Foodstuff Co. | 7,740 | 484 |
| | United Electronics Co. | 21,699 | 441 |
| | Yanbu Cement Co. | 38,524 | 427 |
| | Qassim Cement Co. | 20,322 | 408 |
| * | Yamama Cement Co. | 50,972 | 398 |
| * | Saudi Airlines Catering Co. | 18,494 | 381 |
| | Arabian Centres Co. Ltd. | 68,588 | 356 |
| | Aldrees Petroleum and Transport Services Co. | 18,366 | 355 |
| | Leejam Sports Co. JSC | 16,538 | 348 |
| * | Saudi Ground Services Co. | 43,312 | 300 |
| | BinDawood Holding Co. | 17,525 | 298 |
| | | Shares | Market
Value•
($000) |
| | Jadwa REIT Saudi Fund | 82,391 | 287 |
| | Eastern Province Cement Co. | 22,602 | 266 |
| | Arabian Cement Co. | 23,203 | 232 |
| | National Gas & Industrialization Co. | 15,883 | 227 |
| | United International Transportation Co. | 18,517 | 225 |
| * | Saudi Real Estate Co. | 63,454 | 212 |
| | Arriyadh Development Co. | 37,972 | 205 |
| | Astra Industrial Group | 13,957 | 204 |
| * | Methanol Chemicals Co. | 24,403 | 200 |
| * | National Agriculture Development Co. | 24,421 | 169 |
| | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 23,425 | 165 |
| | Saudi Ceramic Co. | 14,212 | 157 |
| | National Medical Care Co. | 7,877 | 147 |
| * | Middle East Healthcare Co. | 13,925 | 120 |
| | Saudi Chemical Co. Holding | 14,736 | 115 |
| | City Cement Co. | 21,222 | 115 |
| * | Saudi Public Transport Co. | 22,688 | 102 |
| | Hail Cement Co. | 29,572 | 100 |
| | Najran Cement Co. | 28,468 | 96 |
| * | Aseer Trading Tourism & Manufacturing Co. | 28,158 | 95 |
| | Bawan Co. | 9,330 | 93 |
| | Tabuk Cement Co. | 19,317 | 90 |
| | Northern Region Cement Co. | 26,787 | 84 |
| * | Zamil Industrial Investment Co. | 17,264 | 82 |
| * | Al Jouf Cement Co. | 26,022 | 80 |
| * | Dur Hospitality Co. | 13,720 | 78 |
| * | Herfy Food Services Co. | 7,093 | 74 |
| * | Mediterranean & Gulf Insurance & Reinsurance Co. | 26,634 | 69 |
| * | Fawaz Abdulaziz Al Hokair & Co. | 14,094 | 65 |
| | | | 163,434 |
| Singapore (0.4%) |
| | DBS Group Holdings Ltd. | 916,178 | 22,150 |
| | Oversea-Chinese Banking Corp. Ltd. | 1,794,838 | 15,407 |
| | United Overseas Bank Ltd. | 659,700 | 12,943 |
| | Singapore Telecommunications Ltd. | 3,873,800 | 6,821 |
| | Ascendas REIT | 2,182,713 | 4,038 |
| * | Grab Holdings Ltd. | 1,481,562 | 3,852 |
| | Keppel Corp. Ltd. | 679,513 | 3,345 |
| | CapitaLand Integrated Commercial Trust | 2,432,617 | 3,228 |
| | Wilmar International Ltd. | 1,039,937 | 2,849 |
| | Capitaland Investment Ltd. | 1,256,000 | 2,671 |
| | Singapore Exchange Ltd. | 400,710 | 2,383 |
| | Mapletree Industrial Trust | 1,415,692 | 2,201 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Singapore Airlines Ltd. | 591,936 | 2,196 |
| | Mapletree Logistics Trust | 1,614,915 | 1,733 |
| | Singapore Technologies Engineering Ltd. | 713,100 | 1,662 |
| | Genting Singapore Ltd. | 2,679,800 | 1,524 |
| | Venture Corp. Ltd. | 125,800 | 1,416 |
| | City Developments Ltd. | 249,000 | 1,342 |
| | Mapletree Commercial Trust | 1,049,659 | 1,178 |
| | Frasers Logistics & Commercial Trust | 1,373,776 | 1,068 |
| | Jardine Cycle & Carriage Ltd. | 45,388 | 953 |
| | UOL Group Ltd. | 214,355 | 936 |
| | Suntec REIT | 1,007,100 | 918 |
| | Keppel DC REIT | 702,988 | 874 |
| | Sembcorp Industries Ltd. | 421,231 | 866 |
| | ComfortDelGro Corp. Ltd. | 947,700 | 851 |
| | Haw Par Corp. Ltd. | 120,000 | 801 |
| | Keppel REIT | 1,245,888 | 788 |
| | NetLink NBN Trust | 1,286,100 | 777 |
| | Frasers Centrepoint Trust | 487,852 | 717 |
| | Ascott Residence Trust | 1,051,463 | 709 |
| | Golden Agri-Resources Ltd. | 3,153,719 | 647 |
| | ESR-REIT | 2,656,680 | 638 |
| * | Sembcorp Marine Ltd. | 6,707,042 | 601 |
| | Keppel Infrastructure Trust | 1,605,235 | 601 |
| * | SATS Ltd. | 309,400 | 597 |
| | Parkway Life REIT | 194,186 | 548 |
| | Raffles Medical Group Ltd. | 493,400 | 464 |
| | Hutchison Port Holdings Trust Class U | 2,735,500 | 447 |
| | CDL Hospitality Trusts | 523,279 | 429 |
| | CapitaLand China Trust | 599,068 | 410 |
| | Bumitama Agri Ltd. | 971,200 | 408 |
| | Lendlease Global Commercial REIT | 821,214 | 406 |
| | SPH REIT | 703,313 | 405 |
| | Ascendas India Trust | 497,400 | 394 |
| | Olam Group Ltd. | 355,200 | 336 |
| | AIMS APAC REIT | 370,400 | 322 |
| | First Resources Ltd. | 293,100 | 308 |
| | StarHub Ltd. | 384,200 | 290 |
| | Manulife US REIT | 783,584 | 286 |
| | OUE Commercial REIT | 1,210,175 | 278 |
| | AEM Holdings Ltd. | 116,100 | 263 |
| | Cromwell European REIT | 166,820 | 259 |
| | Keppel Pacific Oak US REIT | 462,700 | 250 |
| | Starhill Global REIT | 647,200 | 236 |
| | Far East Hospitality Trust | 472,400 | 192 |
| | Singapore Post Ltd. | 499,000 | 191 |
| | Sheng Siong Group Ltd. | 168,000 | 185 |
| | iFAST Corp. Ltd. | 64,500 | 185 |
| | Prime US REIT | 383,400 | 180 |
| | First REIT | 1,043,136 | 177 |
| | | Shares | Market
Value•
($000) |
| | Thomson Medical Group Ltd. | 3,104,800 | 169 |
| | Hour Glass Ltd. | 114,900 | 158 |
| | Digital Core REIT Management Private Ltd. | 310,200 | 155 |
| * | SIA Engineering Co. Ltd. | 98,500 | 150 |
| | Sabana Industrial REIT | 483,500 | 140 |
| | UMS Holdings Ltd. | 215,800 | 136 |
| * | Yoma Strategic Holdings Ltd. | 1,597,400 | 94 |
| | Nanofilm Technologies International Ltd. | 74,400 | 92 |
| | Riverstone Holdings Ltd. | 211,900 | 81 |
| * | COSCO Shipping International Singapore Co. Ltd. | 379,700 | 43 |
| | Silverlake Axis Ltd. | 113,679 | 26 |
| *,3 | Best World International Ltd. | 20,184 | 19 |
| *,1,3 | Ezra Holdings Ltd. | 344,056 | 3 |
| *,3 | Eagle Hospitality Trust | 242,300 | — |
| | | | 115,396 |
| South Africa (0.4%) |
| | Naspers Ltd. Class N | 107,982 | 11,131 |
| 1 | FirstRand Ltd. | 2,536,495 | 8,867 |
| | MTN Group Ltd. | 925,076 | 6,538 |
| | Standard Bank Group Ltd. | 686,288 | 6,407 |
| | Sasol Ltd. | 283,940 | 4,773 |
| 1 | Capitec Bank Holdings Ltd. | 42,719 | 4,423 |
| | Absa Group Ltd. | 403,326 | 4,380 |
| | Impala Platinum Holdings Ltd. | 416,888 | 4,268 |
| | Gold Fields Ltd. | 440,704 | 3,530 |
| | Sibanye Stillwater Ltd. | 1,434,539 | 3,360 |
| | Shoprite Holdings Ltd. | 236,187 | 3,006 |
| | Anglogold Ltd. | 217,964 | 2,846 |
| | Sanlam Ltd. | 940,884 | 2,743 |
| | Nedbank Group Ltd. | 222,638 | 2,636 |
| | Bid Corp. Ltd. | 160,500 | 2,583 |
| | Anglo American Platinum Ltd. | 26,982 | 2,148 |
| | Clicks Group Ltd. | 117,141 | 1,985 |
| | Vodacom Group Ltd. | 288,720 | 1,967 |
| | Bidvest Group Ltd. | 160,215 | 1,851 |
| | Remgro Ltd. | 244,322 | 1,818 |
| * | Discovery Ltd. | 268,013 | 1,753 |
| * | Northam Platinum Holdings Ltd. | 175,856 | 1,645 |
| | Aspen Pharmacare Holdings Ltd. | 186,791 | 1,536 |
| | Woolworths Holdings Ltd. | 446,918 | 1,533 |
| 2 | Pepkor Holdings Ltd. | 1,042,670 | 1,289 |
| | Exxaro Resources Ltd. | 114,517 | 1,276 |
| 1 | Growthpoint Properties Ltd. | 1,751,161 | 1,235 |
| | Old Mutual Ltd. (XZIM) | 2,143,672 | 1,217 |
| | Mr Price Group Ltd. | 124,384 | 1,197 |
| | Multichoice Group | 182,255 | 1,191 |
| | NEPI Rockcastle NV | 219,709 | 1,104 |
| | Reinet Investments SCA | 64,554 | 1,035 |
| | Foschini Group Ltd. | 153,830 | 962 |
| | Thungela Resources Ltd. | 61,172 | 962 |
| * | Sappi Ltd. | 282,392 | 870 |
| | | Shares | Market
Value•
($000) |
| | African Rainbow Minerals Ltd. | 60,755 | 856 |
| | Tiger Brands Ltd. | 82,090 | 831 |
| | SPAR Group Ltd. | 95,530 | 810 |
| | Truworths International Ltd. | 284,482 | 810 |
| | Life Healthcare Group Holdings Ltd. | 732,028 | 787 |
| | Momentum Metropolitan Holdings | 767,927 | 717 |
| | Investec Ltd. | 141,786 | 697 |
| | Redefine Properties Ltd. | 3,113,832 | 692 |
| | Harmony Gold Mining Co. Ltd. | 240,653 | 666 |
| 1 | AVI Ltd. | 162,265 | 650 |
| | Transaction Capital Ltd. | 288,393 | 645 |
| | Barloworld Ltd. | 100,195 | 561 |
| | Pick n Pay Stores Ltd. | 169,566 | 545 |
| 1 | Rand Merchant Investment Holdings Ltd. | 338,927 | 525 |
| | Netcare Ltd. | 614,660 | 523 |
| | Motus Holdings Ltd. | 74,778 | 472 |
| | Kumba Iron Ore Ltd. | 24,844 | 467 |
| | Resilient REIT Ltd. | 157,411 | 438 |
| * | Distell Group Holdings Ltd. | 46,316 | 438 |
| 2 | Dis-chem Pharmacies Ltd. | 207,475 | 379 |
| | Hyprop Investments Ltd. | 188,081 | 379 |
| 1 | Equites Property Fund Ltd. | 436,346 | 373 |
| | Vukile Property Fund Ltd. | 502,898 | 369 |
| * | Fortress REIT Ltd. Class A | 628,691 | 354 |
| | Super Group Ltd. | 216,350 | 306 |
| | KAP Industrial Holdings Ltd. | 1,215,044 | 306 |
| | Royal Bafokeng Platinum Ltd. | 37,175 | 299 |
| | Ninety One Ltd. | 117,635 | 277 |
| | Omnia Holdings Ltd. | 66,723 | 262 |
| | Advtech Ltd. | 263,200 | 255 |
| | Attacq Ltd. | 679,647 | 253 |
| * | Telkom SA SOC Ltd. | 117,167 | 233 |
| | AECI Ltd. | 45,345 | 228 |
| * | Steinhoff International Holdings NV | 2,135,885 | 220 |
| | Santam Ltd. | 14,925 | 206 |
| | Reunert Ltd. | 77,073 | 194 |
| | JSE Ltd. | 33,129 | 183 |
| | MAS Real Estate Inc. | 167,179 | 183 |
| | Coronation Fund Managers Ltd. | 98,576 | 176 |
| | Raubex Group Ltd. | 107,465 | 168 |
| | SA Corporate Real Estate Ltd. | 1,346,692 | 168 |
| | Tsogo Sun Gaming Ltd. | 262,465 | 165 |
| | DataTec Ltd. | 67,595 | 152 |
| | Astral Foods Ltd. | 15,486 | 149 |
| | Cashbuild Ltd. | 13,879 | 145 |
| | Investec Property Fund Ltd. | 244,893 | 136 |
| | Sun International Ltd. | 71,834 | 129 |
| * | Blue Label Telecoms Ltd. | 432,314 | 121 |
| * | Wilson Bayly Holmes-Ovcon Ltd. | 22,336 | 117 |
| | Curro Holdings Ltd. | 249,842 | 115 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Massmart Holdings Ltd. | 31,813 | 106 |
| * | Fortress REIT Ltd. Class B | 440,214 | 101 |
| *,1 | Brait plc | 387,075 | 92 |
| | Emira Property Fund Ltd. | 143,141 | 82 |
| | Adcock Ingram Holdings Ltd. | 28,993 | 75 |
| | DRDGOLD Ltd. | 138,281 | 71 |
| | Alexander Forbes Group Holdings Ltd. | 171,753 | 46 |
| * | Steinhoff International Holdings NV (XETR) | 19,964 | 2 |
| | Kaap Agri Ltd. | 1 | — |
| * | CA Sales Holdings Ltd. | 1 | — |
| | | | 119,770 |
| South Korea (1.3%) |
| | Samsung Electronics Co. Ltd. | 2,430,507 | 101,157 |
| | SK Hynix Inc. | 271,228 | 15,702 |
| | Samsung Electronics Co. Ltd. Preference Shares | 365,988 | 13,678 |
| | Samsung SDI Co. Ltd. | 25,109 | 12,954 |
| | LG Chem Ltd. | 22,986 | 10,087 |
| | NAVER Corp. | 71,826 | 8,520 |
| | Celltrion Inc. | 57,771 | 7,766 |
| | Hyundai Motor Co. | 62,606 | 7,215 |
| | POSCO Holdings Inc. | 37,188 | 6,482 |
| * | LG Energy Solution | 17,430 | 6,449 |
| | Kia Corp. | 130,854 | 6,081 |
| | Shinhan Financial Group Co. Ltd. | 237,689 | 6,041 |
| | Kakao Corp. | 157,570 | 5,590 |
| *,2 | Samsung Biologics Co. Ltd. | 9,037 | 5,554 |
| | KB Financial Group Inc. | 156,700 | 5,273 |
| | Hyundai Mobis Co. Ltd. | 30,440 | 4,669 |
| | Hana Financial Group Inc. | 145,915 | 4,219 |
| | KT&G Corp. | 54,644 | 3,670 |
| | Samsung C&T Corp. | 43,041 | 3,573 |
| 1 | SK Innovation Co. Ltd. | 25,210 | 3,053 |
| | LG Electronics Inc. | 51,969 | 2,968 |
| | Woori Financial Group Inc. | 320,290 | 2,643 |
| | SK Inc. | 17,495 | 2,622 |
| 1 | Celltrion Healthcare Co. Ltd. | 49,716 | 2,419 |
| | LG Corp. | 42,940 | 2,384 |
| | Samsung Fire & Marine Insurance Co. Ltd. | 16,489 | 2,313 |
| | Samsung Electro-Mechanics Co. Ltd. | 26,961 | 2,283 |
| | Korea Zinc Co. Ltd. | 4,912 | 2,203 |
| | NCSoft Corp. | 7,934 | 2,167 |
| * | Hanwha Solutions Corp. | 60,871 | 2,012 |
| 1 | POSCO Chemical Co. Ltd. | 13,900 | 1,941 |
| 1 | HMM Co. Ltd. | 144,019 | 1,927 |
| 1 | L&F Co. Ltd. | 12,146 | 1,914 |
| * | Doosan Heavy Industries & Construction Co. Ltd. | 202,680 | 1,881 |
| | Samsung Life Insurance Co. Ltd. | 39,095 | 1,848 |
| *,1 | Krafton Inc. | 14,814 | 1,840 |
| | | Shares | Market
Value•
($000) |
| | Hyundai Motor Co. Preference Shares (XKRS) | 30,993 | 1,734 |
| | Korea Electric Power Corp. | 133,368 | 1,564 |
| 1 | Ecopro BM Co. Ltd. | 18,812 | 1,515 |
| | Samsung SDS Co. Ltd. | 16,985 | 1,488 |
| | KB Financial Group Inc. ADR | 43,133 | 1,447 |
| | LG Innotek Co. Ltd. | 6,859 | 1,423 |
| | S-Oil Corp. | 23,011 | 1,395 |
| | LG Household & Health Care Ltd. | 3,891 | 1,390 |
| * | Korean Air Lines Co. Ltd. | 84,644 | 1,371 |
| * | Samsung Engineering Co. Ltd. | 79,073 | 1,321 |
| | CJ CheilJedang Corp. | 4,475 | 1,299 |
| | Coway Co. Ltd. | 32,664 | 1,267 |
| * | SK Square Co. Ltd. | 47,947 | 1,240 |
| *,1 | HLB Inc. (XKOS) | 43,142 | 1,223 |
| | Hyundai Engineering & Construction Co. Ltd. | 46,750 | 1,143 |
| * | Samsung Heavy Industries Co. Ltd. | 315,250 | 1,138 |
| | Korea Aerospace Industries Ltd. | 33,627 | 1,117 |
| * | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 21,224 | 1,081 |
| | Hyundai Glovis Co. Ltd. | 8,843 | 1,078 |
| 1 | WONIK IPS Co. Ltd. | 54,719 | 1,053 |
| | Hyundai Heavy Industries Holdings Co. Ltd. | 24,567 | 1,049 |
| | LG Chem Ltd. Preference Shares | 5,158 | 1,045 |
| *,1 | KakaoBank Corp. | 81,906 | 980 |
| | LG Display Co. Ltd. | 109,647 | 979 |
| 1 | Yuhan Corp. | 23,007 | 965 |
| | Ecopro Co. Ltd. | 9,074 | 901 |
| | Industrial Bank of Korea | 121,159 | 888 |
| | Hankook Tire & Technology Co. Ltd. | 33,684 | 863 |
| | Hanwha Aerospace Co. Ltd. | 17,980 | 837 |
| | Samsung SDI Co. Ltd. Preference Shares | 3,502 | 837 |
| | LG Uplus Corp. | 103,612 | 832 |
| | Hyundai Motor Co. Preference Shares | 15,138 | 832 |
| | DB Insurance Co. Ltd. | 20,948 | 827 |
| 1 | Kumho Petrochemical Co. Ltd. | 8,991 | 824 |
| | GS Holdings Corp. | 24,674 | 796 |
| * | Kangwon Land Inc. | 48,680 | 785 |
| | Amorepacific Corp. | 12,098 | 785 |
| | Lotte Chemical Corp. | 7,529 | 780 |
| | SKC Co. Ltd. | 10,566 | 765 |
| | Orion Corp.Republic of Korea | 10,485 | 746 |
| | Hyundai Marine & Fire Insurance Co. Ltd. | 31,908 | 745 |
| | SK Telecom Co. Ltd. | 20,935 | 736 |
| *,1 | HYBE Co. Ltd. | 8,670 | 734 |
| 1 | Hotel Shilla Co. Ltd. | 16,027 | 730 |
| | Hyundai Steel Co. | 36,835 | 725 |
| 1 | F&F Co. Ltd. | 7,105 | 724 |
| | | Shares | Market
Value•
($000) |
| | Korea Investment Holdings Co. Ltd. | 20,272 | 704 |
| * | Hyundai Mipo Dockyard Co. Ltd. | 10,819 | 696 |
| | Mirae Asset Securities Co. Ltd. Preference Shares | 265,350 | 674 |
| | E-MART Inc. | 11,201 | 664 |
| | Cheil Worldwide Inc. | 38,524 | 660 |
| | BNK Financial Group Inc. | 143,194 | 643 |
| | Hanmi Pharm Co. Ltd. | 3,598 | 638 |
| | Samsung Securities Co. Ltd. | 27,844 | 619 |
| * | Hyundai Rotem Co. Ltd. | 35,729 | 610 |
| *,1 | SK Bioscience Co. Ltd. | 11,369 | 601 |
| 1 | OCI Co. Ltd. | 8,245 | 589 |
| *,1 | SK Biopharmaceuticals Co. Ltd. | 14,452 | 588 |
| 1 | DB HiTek Co. Ltd. | 18,856 | 584 |
| | Meritz Fire & Marine Insurance Co. Ltd. | 26,368 | 581 |
| *,1 | Hyundai Heavy Industries Co. Ltd. | 7,551 | 577 |
| | Fila Holdings Corp. | 23,974 | 549 |
| | Shinsegae Inc. | 3,622 | 539 |
| | Woongjin Thinkbig Co. Ltd. | 337,314 | 539 |
| | Youngone Corp. | 15,613 | 517 |
| | LG Household & Health Care Ltd. Preference Shares | 2,610 | 513 |
| * | CosmoAM&T Co. Ltd. | 10,520 | 494 |
| | Hansol Chemical Co. Ltd. | 3,728 | 484 |
| | Mando Corp. | 13,900 | 481 |
| *,1,2 | SK IE Technology Co. Ltd. | 12,800 | 466 |
| 1 | SM Entertainment Co. Ltd. | 9,086 | 453 |
| | JYP Entertainment Corp. | 11,551 | 449 |
| | GS Retail Co. Ltd. | 25,046 | 446 |
| 1 | CS Wind Corp. | 10,815 | 446 |
| | LS Corp. | 9,531 | 444 |
| | Hyundai Wia Corp. | 10,205 | 437 |
| | GS Engineering & Construction Corp. | 28,720 | 436 |
| | NH Investment & Securities Co. Ltd. | 68,382 | 430 |
| *,1 | Alteogen Inc. | 16,629 | 427 |
| | LEENO Industrial Inc. | 4,414 | 423 |
| | Mirae Asset Securities Co. Ltd. | 94,395 | 420 |
| | Lotte Shopping Co. Ltd. | 6,809 | 417 |
| | Dongkuk Steel Mill Co. Ltd. | 51,873 | 416 |
| * | Pearl Abyss Corp. | 14,167 | 412 |
| | Hanon Systems | 75,221 | 411 |
| | JB Financial Group Co. Ltd. | 80,396 | 405 |
| | SK Chemicals Co. Ltd. | 6,442 | 399 |
| | DL E&C Co. Ltd. | 16,399 | 396 |
| | DGB Financial Group Inc. | 82,047 | 391 |
| *,1 | Celltrion Pharm Inc. | 8,230 | 390 |
| 1 | LIG Nex1 Co. Ltd. | 5,464 | 390 |
| | S-1 Corp. | 8,589 | 376 |
| | BGF retail Co. Ltd. | 2,854 | 373 |
| 1 | KCC Corp. | 2,168 | 370 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | LOTTE Fine Chemical Co. Ltd. | 9,334 | 367 |
| | LX International Corp. | 12,485 | 356 |
| | Samsung Card Co. Ltd. | 16,192 | 351 |
| *,1 | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 27,307 | 350 |
| *,1 | Kakao Games Corp. | 12,630 | 349 |
| * | STCUBE | 26,717 | 348 |
| | Posco International Corp. | 23,993 | 347 |
| | Douzone Bizon Co. Ltd. | 16,214 | 347 |
| | Amorepacific Corp. Preference Shares | 13,430 | 347 |
| | ENF Technology Co. Ltd. | 20,990 | 336 |
| 1 | NongShim Co. Ltd. | 1,570 | 333 |
| | Eo Technics Co. Ltd. | 7,206 | 329 |
| | KIWOOM Securities Co. Ltd. | 5,821 | 329 |
| | LG Electronics Inc. Preference Shares | 11,659 | 324 |
| | Shinhan Financial Group Co. Ltd. ADR | 12,816 | 324 |
| 1 | SD Biosensor Inc. | 15,618 | 323 |
| 1 | Daejoo Electronic Materials Co. Ltd. | 5,071 | 319 |
| | Lotte Corp. | 13,840 | 316 |
| | Hanwha Corp. | 17,659 | 314 |
| 1 | SIMMTECH Co. Ltd. | 12,556 | 311 |
| | SSANGYONG C&E Co. Ltd. | 77,503 | 309 |
| | Iljin Materials Co. Ltd. | 7,232 | 307 |
| | Pan Ocean Co. Ltd. | 101,798 | 307 |
| *,1 | Hanjin Kal Corp. | 10,967 | 306 |
| | Korea Gas Corp. | 12,410 | 303 |
| | Dongsuh Cos. Inc. | 20,882 | 299 |
| | CJ Corp. | 5,859 | 295 |
| | Meritz Securities Co. Ltd. | 113,662 | 295 |
| 1 | Hyosung Advanced Materials Corp. | 1,317 | 294 |
| *,1 | HLB Life Science Co. Ltd. | 34,383 | 292 |
| | Daishin Securities Co. Ltd. Preference Shares | 31,405 | 291 |
| *,1 | Naturecell Co. Ltd. | 23,800 | 288 |
| * | SOLUM Co. Ltd. | 23,843 | 288 |
| 1 | DL Holdings Co. Ltd. | 6,552 | 282 |
| | HK inno N Corp. | 11,080 | 282 |
| 1,2 | Netmarble Corp. | 8,932 | 279 |
| 1 | Seegene Inc. | 13,628 | 274 |
| * | CJ Logistics Corp. | 4,399 | 271 |
| | People & Technology Inc. | 8,261 | 267 |
| | Kolon Industries Inc. | 8,682 | 264 |
| | Chunbo Co. Ltd. | 1,679 | 257 |
| | Humasis Co. Ltd. | 17,514 | 257 |
| | Daishin Securities Co. Ltd. | 26,048 | 255 |
| 1 | Dongjin Semichem Co. Ltd. | 11,933 | 251 |
| | Daou Technology Inc. | 19,687 | 250 |
| 1 | Advanced Nano Products Co. Ltd. | 3,850 | 250 |
| *,1 | Kakaopay Corp. | 10,073 | 249 |
| | Innocean Worldwide Inc. | 8,753 | 247 |
| 1 | YG Entertainment Inc. | 8,173 | 245 |
| | JR Global REIT | 82,399 | 244 |
| * | CJ CGV Co. Ltd. | 25,090 | 237 |
| | | Shares | Market
Value•
($000) |
| | CJ ENM Co. Ltd. | 4,558 | 234 |
| | Hyundai Department Store Co. Ltd. | 6,181 | 234 |
| 1 | Green Cross Corp. | 2,623 | 234 |
| 1 | Wemade Co. Ltd. | 7,558 | 234 |
| 1 | Soulbrain Co. Ltd. | 1,621 | 232 |
| | Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 2,043 | 229 |
| 1 | LS Electric Co. Ltd. | 5,854 | 226 |
| | Hyosung TNC Corp. | 1,231 | 226 |
| *,1 | Doosan Fuel Cell Co. Ltd. | 11,853 | 226 |
| | Daeduck Electronics Co. Ltd. | 13,041 | 224 |
| | ST Pharm Co. Ltd. | 3,818 | 223 |
| * | Hyundai Bioscience Co. Ltd. | 14,777 | 222 |
| | Shin Poong Pharmaceutical Co. Ltd. | 14,690 | 222 |
| 1 | Hite Jinro Co. Ltd. | 12,118 | 218 |
| *,1 | Hyundai Doosan Infracore Co. Ltd. | 55,864 | 217 |
| 1 | LX Semicon Co. Ltd. | 3,726 | 216 |
| | Samchully Co. Ltd. | 1,099 | 215 |
| | Dongwon Industries Co. Ltd. | 1,320 | 213 |
| 1 | Koh Young Technology Inc. | 25,445 | 213 |
| 1 | AMOREPACIFIC Group | 12,187 | 211 |
| 1 | Ottogi Corp. | 679 | 210 |
| | Poongsan Corp. | 11,418 | 209 |
| *,1 | SAM KANG M&T Co. Ltd. | 14,750 | 209 |
| * | Daewoo Engineering & Construction Co. Ltd. | 70,785 | 208 |
| | Samsung Electronics Co. Ltd. GDR (Registered) | 200 | 207 |
| | Com2uSCorp | 4,149 | 206 |
| | Daewoong Pharmaceutical Co. Ltd. | 1,793 | 203 |
| | Doosan Bobcat Inc. | 8,654 | 203 |
| | Chong Kun Dang Pharmaceutical Corp. | 3,413 | 201 |
| * | NHN Corp. | 12,518 | 201 |
| * | Hugel Inc. | 2,561 | 201 |
| | AfreecaTV Co. Ltd. | 3,587 | 200 |
| | CJ CheilJedang Corp. Preference Shares | 1,700 | 197 |
| * | Chabiotech Co. Ltd. | 21,371 | 197 |
| *,1 | KMW Co. Ltd. | 11,857 | 196 |
| 1 | MegaStudyEdu Co. Ltd. | 3,258 | 196 |
| | KEPCO Plant Service & Engineering Co. Ltd. | 8,533 | 191 |
| | SFA Engineering Corp. | 7,090 | 190 |
| 1 | Meritz Financial Group Inc. | 12,474 | 190 |
| | HAESUNG DS Co. Ltd. | 7,122 | 189 |
| | Halla Holdings Corp. | 8,477 | 187 |
| * | Hyundai Electric & Energy System Co. Ltd. | 7,710 | 186 |
| 1 | KEPCO Engineering & Construction Co. Inc. | 5,282 | 184 |
| | | Shares | Market
Value•
($000) |
| | Foosung Co. Ltd. | 21,080 | 183 |
| | ESR Kendall Square REIT Co. Ltd. | 73,044 | 182 |
| * | Bioneer Corp. | 9,685 | 181 |
| | Han Kuk Carbon Co. | 23,265 | 181 |
| 1 | Hyundai Elevator Co. Ltd. | 10,016 | 177 |
| | Korean Reinsurance Co. | 34,130 | 176 |
| *,1 | Oscotec Inc. | 13,659 | 174 |
| | SK REIT Co. Ltd. | 55,426 | 173 |
| 1 | Hanwha Systems Co. Ltd. | 21,949 | 172 |
| * | Creative & Innovative System | 18,667 | 171 |
| *,1 | Enchem Co. Ltd. | 3,278 | 171 |
| * | LegoChem Biosciences Inc. | 7,142 | 170 |
| | Ecopro HN Co. Ltd. | 4,704 | 170 |
| *,1 | Taihan Electric Wire Co. Ltd. | 161,065 | 169 |
| 3 | Unid Co. Ltd. | 3,105 | 168 |
| | GC Cell Corp. | 5,234 | 166 |
| 1 | BH Co. Ltd. | 9,805 | 165 |
| | LOTTE REIT Co. Ltd. | 64,933 | 164 |
| * | Wysiwyg Studios Co. Ltd. | 15,459 | 164 |
| * | Pharmicell Co. Ltd. | 22,766 | 163 |
| | Hanwha Life Insurance Co. Ltd. | 106,085 | 162 |
| | NICE Information Service Co. Ltd. | 17,427 | 159 |
| | PI Advanced Materials Co. Ltd. | 7,673 | 159 |
| *,1 | Paradise Co. Ltd. | 15,864 | 158 |
| * | GeneOne Life Science Inc. | 30,471 | 158 |
| * | Hana Tour Service Inc. | 4,494 | 157 |
| | Hanmi Semiconductor Co. Ltd. | 18,832 | 155 |
| | Lotte Chilsung Beverage Co. Ltd. | 1,540 | 152 |
| *,1 | Myoung Shin Industrial Co. Ltd. | 12,556 | 152 |
| *,1 | ABLBio Inc. | 10,612 | 149 |
| | SL Corp. | 6,678 | 144 |
| 1 | Kolmar Korea Co. Ltd. | 5,995 | 144 |
| | Dawonsys Co. Ltd. | 12,010 | 144 |
| * | Hanall Biopharma Co. Ltd. | 14,377 | 143 |
| *,1 | Insun ENT Co. Ltd. | 22,663 | 142 |
| | Dentium Co. Ltd. | 2,617 | 140 |
| | SK Networks Co. Ltd. | 49,736 | 140 |
| *,1 | Duk San Neolux Co. Ltd. | 5,175 | 139 |
| * | Neowiz | 5,514 | 139 |
| | Hyosung Corp. | 2,867 | 138 |
| | Tokai Carbon Korea Co. Ltd. | 1,930 | 137 |
| | Medytox Inc. | 1,827 | 135 |
| | KCC Glass Corp. | 4,931 | 134 |
| | Hyundai Autoever Corp. | 1,619 | 134 |
| | Nature Holdings Co. Ltd. | 7,057 | 133 |
| | GOLFZON Co. Ltd. | 1,620 | 131 |
| | Solus Advanced Materials Co. Ltd. | 5,565 | 131 |
| 1 | Doosan Co. Ltd. | 2,397 | 130 |
| 1 | Seojin System Co. Ltd. | 12,648 | 130 |
| | Green Cross Holdings Corp. | 10,638 | 129 |
| | Hyundai Construction Equipment Co. Ltd. | 4,299 | 129 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| 1 | S&S Tech Corp. | 7,371 | 128 |
| | Seoul Semiconductor Co. Ltd. | 17,246 | 126 |
| 1 | Eugene Technology Co. Ltd. | 8,350 | 126 |
| 1 | Intellian Technologies Inc. | 2,893 | 126 |
| | Hansol Holdings Co. Ltd. | 56,593 | 125 |
| 1 | IS Dongseo Co. Ltd. | 5,641 | 125 |
| | HDC Hyundai Development Co-Engineering & Construction Class E | 17,841 | 125 |
| 1 | Park Systems Corp. | 1,631 | 125 |
| | Hanmi Science Co. Ltd. | 5,510 | 124 |
| * | SFA Semicon Co. Ltd. | 40,560 | 123 |
| | Daesang Corp. | 8,390 | 123 |
| | Tongyang Inc. | 175,206 | 122 |
| * | GemVax & Kael Co. Ltd. | 13,995 | 122 |
| | Lotte Rental Co. Ltd. | 5,834 | 121 |
| * | Genexine Inc. | 7,664 | 120 |
| * | Sam Chun Dang Pharm Co. Ltd. | 5,544 | 119 |
| | Jusung Engineering Co. Ltd. | 14,734 | 118 |
| | Eusu Holdings Co. Ltd. | 24,450 | 118 |
| 1 | Cosmax Inc. | 3,643 | 117 |
| | DoubleUGames Co. Ltd. | 3,487 | 117 |
| | Hanjin Transportation Co. Ltd. | 8,540 | 116 |
| *,1 | Helixmith Co. Ltd. | 13,268 | 116 |
| *,1 | NKMax Co. Ltd. | 12,354 | 116 |
| | Korea Electric Terminal Co. Ltd. | 3,118 | 113 |
| | Daewoong Co. Ltd. | 7,674 | 111 |
| | Huchems Fine Chemical Corp. | 7,579 | 111 |
| | SPC Samlip Co. Ltd. | 2,239 | 111 |
| | PharmaResearch Co. Ltd. | 2,587 | 111 |
| * | TY Holdings Co. Ltd. | 14,814 | 110 |
| * | Eoflow Co. Ltd. | 9,734 | 110 |
| * | Vaxcell-Bio Therapeutics Co. Ltd. | 4,319 | 110 |
| | Innox Advanced Materials Co. Ltd. | 5,711 | 109 |
| | Partron Co. Ltd. | 18,924 | 109 |
| | Ahnlab Inc. | 2,466 | 108 |
| * | Kumho Tire Co. Inc. | 50,020 | 108 |
| | Lutronic Corp. | 8,544 | 108 |
| * | Amicogen Inc. | 8,149 | 108 |
| * | Shinsung E&G Co. Ltd. | 81,277 | 108 |
| | i-SENS Inc. | 4,404 | 107 |
| | Hanwha Corp. Preference Shares | 10,942 | 107 |
| *,1 | Hana Micron Inc. | 16,330 | 107 |
| | Orion Holdings Corp. | 10,345 | 104 |
| | iMarketKorea Inc. | 14,356 | 104 |
| | Hanwha Investment & Securities Co. Ltd. | 59,216 | 102 |
| 1 | Mcnex Co. Ltd. | 5,314 | 102 |
| * | Solid Inc. | 33,987 | 101 |
| | Youlchon Chemical Co. Ltd. | 4,378 | 100 |
| * | Asiana Airlines Inc. | 13,793 | 100 |
| | | Shares | Market
Value•
($000) |
| * | HLB Therapeutics Co. Ltd. | 10,527 | 100 |
| *,1 | Cellivery Therapeutics Inc. | 11,508 | 100 |
| | Taekwang Industrial Co. Ltd. | 199 | 98 |
| * | Studio Dragon Corp. | 2,043 | 98 |
| * | LX Holdings Corp. | 16,031 | 98 |
| * | DIO Corp. | 6,970 | 97 |
| 1 | Hanssem Co. Ltd. | 3,709 | 97 |
| | Young Poong Corp. | 219 | 97 |
| | Korea Petrochemical Ind Co. Ltd. | 1,153 | 96 |
| | Samyang Holdings Corp. | 2,219 | 96 |
| *,1 | CrystalGenomics Inc. | 40,355 | 96 |
| | RFHIC Corp. | 6,535 | 96 |
| *,1 | Eubiologics Co. Ltd. | 13,248 | 96 |
| *,1 | Danal Co. Ltd. | 23,723 | 96 |
| | Hankook & Co. Co. Ltd. | 10,472 | 94 |
| | Youngone Holdings Co. Ltd. | 2,479 | 94 |
| 1 | SNT Motiv Co. Ltd. | 3,039 | 94 |
| | Handsome Co. Ltd. | 5,208 | 92 |
| * | NEPES Corp. | 7,196 | 92 |
| * | Komipharm International Co. Ltd. | 18,295 | 92 |
| | DongKook Pharmaceutical Co. Ltd. | 8,385 | 92 |
| * | Hyosung Heavy Industries Corp. | 2,279 | 92 |
| * | Next Science Co. Ltd. | 16,503 | 92 |
| | Korea United Pharm Inc. | 5,473 | 91 |
| * | Korea Line Corp. | 65,526 | 90 |
| * | MedPacto Inc. | 5,561 | 90 |
| | Harim Holdings Co. Ltd. | 18,041 | 89 |
| | Shinhan Alpha REIT Co. Ltd. | 17,043 | 87 |
| | Tesna Inc. | 4,630 | 87 |
| | Boryung Pharmaceutical Co. Ltd. | 11,701 | 86 |
| | Sebang Global Battery Co. Ltd. | 3,049 | 83 |
| | Bukwang Pharmaceutical Co. Ltd. | 15,591 | 82 |
| | Aekyung Industrial Co. Ltd. | 10,642 | 82 |
| * | AbClon Inc. | 7,364 | 82 |
| | SK Discovery Co. Ltd. | 3,913 | 81 |
| | Seobu T&D | 17,183 | 81 |
| * | Hancom Inc. | 8,867 | 81 |
| | Posco ICT Co. Ltd. | 20,195 | 81 |
| * | Hyosung Chemical Corp. | 1,134 | 81 |
| 1 | Zinus Inc. | 3,701 | 81 |
| * | NHN KCP Corp. | 9,232 | 81 |
| | INTOPS Co. Ltd. | 4,080 | 80 |
| *,1 | Grand Korea Leisure Co. Ltd. | 8,051 | 80 |
| *,1 | Binex Co. Ltd. | 10,090 | 79 |
| | Binggrae Co. Ltd. | 2,977 | 78 |
| | Dong-A Socio Holdings Co. Ltd. | 1,084 | 78 |
| | Samwha Capacitor Co. Ltd. | 3,429 | 77 |
| | SK Securities Co. Ltd. | 167,425 | 77 |
| | Hansae Co. Ltd. | 7,440 | 77 |
| | | Shares | Market
Value•
($000) |
| | Kolmar Korea Holdings Co. Ltd. | 7,644 | 74 |
| | JW Pharmaceutical Corp. | 5,543 | 73 |
| * | BNC Korea Co. Ltd. | 19,712 | 73 |
| * | CMG Pharmaceutical Co. Ltd. | 48,693 | 72 |
| * | HJ Shipbuilding & Construction Co. Ltd. | 29,450 | 72 |
| | Vieworks Co. Ltd. | 2,977 | 72 |
| | Lotte Confectionery Co. Ltd. | 794 | 72 |
| | Hyundai Greenfood Co. Ltd. | 15,539 | 71 |
| | Tongyang Life Insurance Co. Ltd. | 19,837 | 71 |
| * | iNtRON Biotechnology Inc. | 11,424 | 71 |
| | Hyundai Home Shopping Network Corp. | 2,274 | 71 |
| | Sung Kwang Bend Co. Ltd. | 7,218 | 70 |
| * | Com2uS Holdings Corp. | 2,319 | 70 |
| | Hyundai Corp. | 6,076 | 69 |
| * | Hanwha General Insurance Co. Ltd. | 26,925 | 69 |
| | Hansol Paper Co. Ltd. | 7,240 | 69 |
| | TES Co. Ltd. | 6,231 | 69 |
| | L&C Bio Co. Ltd. | 4,338 | 68 |
| * | Ananti Inc. | 17,951 | 66 |
| | Korea Real Estate Investment & Trust Co. Ltd. | 69,006 | 66 |
| * | Webzen Inc. | 6,293 | 66 |
| | Hanil Cement Co. Ltd. | 8,300 | 66 |
| | Yuanta Securities Korea Co. Ltd. | 38,496 | 65 |
| * | Medipost Co. Ltd. | 6,440 | 65 |
| * | Yungjin Pharmaceutical Co. Ltd. | 33,594 | 64 |
| | LX Hausys Ltd. | 2,811 | 63 |
| * | UniTest Inc. | 7,083 | 63 |
| * | Inscobee Inc. | 57,676 | 62 |
| | NICE Holdings Co. Ltd. | 7,180 | 62 |
| | Mirae Asset Life Insurance Co. Ltd. | 33,189 | 62 |
| *,1 | Lotte Tour Development Co. Ltd. | 9,679 | 61 |
| | TK Corp. | 5,206 | 60 |
| * | OliX Pharmaceuticals Inc. | 4,338 | 60 |
| | Sangsangin Co. Ltd. | 12,992 | 59 |
| * | Modetour Network Inc. | 5,632 | 59 |
| 1 | Shinsegae International Inc. | 3,565 | 59 |
| | Dong-A ST Co. Ltd. | 1,528 | 58 |
| | Ilyang Pharmaceutical Co. Ltd. | 4,628 | 58 |
| * | Eutilex Co. Ltd. | 11,434 | 58 |
| *,1 | Telcon RF Pharmaceutical Inc. | 76,974 | 57 |
| | Namhae Chemical Corp. | 8,782 | 56 |
| | Daea TI Co. Ltd. | 27,911 | 56 |
| | Huons Co. Ltd. | 2,533 | 56 |
| | Kwang Dong Pharmaceutical Co. Ltd. | 13,372 | 55 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| 1 | Sungwoo Hitech Co. Ltd. | 15,099 | 55 |
| 1 | KH Vatec Co. Ltd. | 6,489 | 55 |
| | Dongwon F&B Co. Ltd. | 596 | 54 |
| * | Mezzion Pharma Co. Ltd. | 5,799 | 53 |
| * | Peptron Inc. | 9,519 | 53 |
| | HS Industries Co. Ltd. | 19,810 | 52 |
| | Nexen Tire Corp. | 9,585 | 52 |
| | Songwon Industrial Co. Ltd. | 4,340 | 52 |
| | LF Corp. | 4,969 | 52 |
| | Korea Asset In Trust Co. Ltd. | 25,402 | 52 |
| * | Sambu Engineering & Construction Co. Ltd. | 54,342 | 52 |
| | Cuckoo Homesys Co. Ltd. | 2,535 | 51 |
| | SK Gas Ltd. | 627 | 50 |
| | InBody Co. Ltd. | 3,443 | 50 |
| | HDC Holdings Co. Ltd. | 13,059 | 50 |
| | ITM Semiconductor Co. Ltd. | 2,429 | 50 |
| | Kolon Corp. | 3,096 | 49 |
| | LOTTE Himart Co. Ltd. | 5,257 | 49 |
| | Advanced Process Systems Corp. | 3,991 | 48 |
| * | Hansol Technics Co. Ltd. | 12,925 | 47 |
| * | Homecast Co. Ltd. | 16,364 | 47 |
| * | Able C&C Co. Ltd. | 15,248 | 47 |
| *,1 | Kuk-il Paper Manufacturing Co. Ltd. | 26,987 | 47 |
| | Dae Han Flour Mills Co. Ltd. | 505 | 46 |
| | CJ Freshway Corp. | 2,037 | 46 |
| | Namyang Dairy Products Co. Ltd. | 180 | 46 |
| * | Ace Technologies Corp. | 13,409 | 46 |
| | Gradiant Corp. | 4,724 | 45 |
| | Jeil Pharmaceutical Co. Ltd. | 3,563 | 45 |
| * | Giantstep Inc. | 3,654 | 44 |
| | KC Tech Co. Ltd. | 4,074 | 43 |
| * | Aprogen pharmaceuticals Inc. | 108,181 | 42 |
| | Hankook Shell Oil Co. Ltd. | 242 | 42 |
| | Eugene Investment & Securities Co. Ltd. | 26,002 | 42 |
| | Hyundai Bioland Co. Ltd. | 4,937 | 42 |
| | SK Telecom Co. Ltd. ADR | 2,148 | 42 |
| * | Wonik Holdings Co. Ltd. | 17,538 | 41 |
| | Chongkundang Holdings Corp. | 1,116 | 41 |
| | Maeil Dairies Co. Ltd. | 1,225 | 40 |
| | Soulbrain Holdings Co. Ltd. | 2,470 | 40 |
| | LG HelloVision Co. Ltd. | 12,615 | 40 |
| * | Namsun Aluminum Co. Ltd. | 27,772 | 40 |
| | Seah Besteel Corp. | 3,350 | 39 |
| * | Samsung Pharmaceutical Co. Ltd. | 20,527 | 39 |
| | | Shares | Market
Value•
($000) |
| | ICD Co. Ltd. | 6,637 | 39 |
| | KISWIRE Ltd. | 3,035 | 38 |
| | KTB Investment & Securities Co. Ltd. | 17,627 | 38 |
| | Samyang Corp. | 1,434 | 37 |
| | Humedix Co. Ltd. | 2,506 | 37 |
| * | KH Feelux Co. Ltd. | 52,132 | 36 |
| * | CUROCOM Co. Ltd. | 63,318 | 36 |
| * | Dongsung Pharmaceutical Co. Ltd. | 7,658 | 36 |
| | KUMHOE&C Co. Ltd. | 8,282 | 35 |
| * | Cafe24 Corp. | 4,864 | 34 |
| | Toptec Co. Ltd. | 6,950 | 33 |
| * | Enzychem Lifesciences Corp. | 24,522 | 33 |
| | Daeduck Co. Ltd. | 7,545 | 32 |
| | Sam Young Electronics Co. Ltd. | 4,528 | 31 |
| | DB Financial Investment Co. Ltd. | 10,995 | 31 |
| | KISCO Corp. | 7,103 | 29 |
| | Cuckoo Holdings Co. Ltd. | 2,530 | 29 |
| * | Cellid Co. Ltd. | 2,819 | 29 |
| | Taeyoung Engineering & Construction Co. Ltd. | 9,408 | 28 |
| | OptoElectronics Solutions Co. Ltd. | 2,511 | 28 |
| | E1 Corp. | 906 | 27 |
| | Kyobo Securities Co. Ltd. | 7,320 | 27 |
| | Huons Global Co. Ltd. | 2,154 | 27 |
| *,1 | HLB Inc. Rights Exp. 12/2/22 | 3,862 | 27 |
| * | Anterogen Co. Ltd. | 2,467 | 25 |
| * | Interflex Co. Ltd. | 3,142 | 23 |
| | Sindoh Co. Ltd. | 1,039 | 23 |
| | POSCO Holdings Inc. (XNYS) | ��� 528 | 23 |
| | KC Co. Ltd. | 2,009 | 22 |
| | Lock&Lock Co. Ltd. | 5,144 | 22 |
| | Hyundai Livart Furniture Co. Ltd. | 3,591 | 21 |
| | Byucksan Corp. | 14,569 | 20 |
| | KT Skylife Co. Ltd. | 3,297 | 19 |
| | Hanil Holdings Co. Ltd. | 2,279 | 16 |
| * | Osteogenic Core Technologies Rights Exp. 11/8/22 | 2,775 | 7 |
| | Hyundai Engineering & Construction Co. Ltd. Preference Shares | 146 | 6 |
| | | | 392,948 |
| Spain (0.6%) |
| | Iberdrola SA (XMAD) | 3,004,147 | 30,550 |
| | Banco Santander SA | 8,381,120 | 21,736 |
| | Banco Bilbao Vizcaya Argentaria SA | 3,100,802 | 15,996 |
| | Industria de Diseno Textil SA | 534,259 | 12,127 |
| * | Amadeus IT Group SA | 218,909 | 11,417 |
| 2 | Cellnex Telecom SA | 304,476 | 9,966 |
| | Telefonica SA | 2,586,940 | 8,918 |
| | Repsol SA | 637,439 | 8,672 |
| | CaixaBank SA | 2,209,624 | 7,327 |
| | Ferrovial SA | 243,409 | 5,948 |
| *,2 | Aena SME SA | 36,370 | 4,275 |
| | Red Electrica Corp. SA | 216,166 | 3,497 |
| | | Shares | Market
Value•
($000) |
| | ACS Actividades de Construccion y Servicios SA | 108,423 | 2,782 |
| | Endesa SA | 153,228 | 2,560 |
| | Banco de Sabadell SA | 2,960,893 | 2,330 |
| | Enagas SA | 127,486 | 2,070 |
| | Acciona SA | 11,012 | 1,983 |
| | Bankinter SA | 326,970 | 1,978 |
| * | Siemens Gamesa Renewable Energy SA | 109,672 | 1,944 |
| | Naturgy Energy Group SA | 70,245 | 1,803 |
| * | Grifols SA | 186,885 | 1,590 |
| | Merlin Properties Socimi SA | 159,002 | 1,348 |
| | Viscofan SA | 18,608 | 1,108 |
| | Corp. ACCIONA Energias Renovables SA | 27,436 | 1,079 |
| | Acerinox SA | 105,259 | 922 |
| | Inmobiliaria Colonial Socimi SA | 167,984 | 886 |
| | Mapfre SA | 444,611 | 763 |
| | Fluidra SA | 55,394 | 752 |
| | Grupo Catalana Occidente SA | 27,026 | 734 |
| | Cia de Distribucion Integral Logista Holdings SA | 34,694 | 718 |
| | Vidrala SA | 8,595 | 657 |
| * | Grifols SA Preference Shares | 104,022 | 651 |
| | CIE Automotive SA | 24,936 | 635 |
| | Ebro Foods SA | 36,858 | 575 |
| | Faes Farma SA | 152,119 | 574 |
| 2 | Unicaja Banco SA | 602,169 | 534 |
| | Indra Sistemas SA | 56,545 | 506 |
| | Laboratorios Farmaceuticos Rovi SA | 11,024 | 501 |
| | Pharma Mar SA | 8,094 | 485 |
| * | Solaria Energia y Medio Ambiente SA | 29,172 | 461 |
| | Applus Services SA | 68,493 | 404 |
| | Almirall SA | 38,632 | 360 |
| | Sacyr SA (XMAD) | 143,598 | 352 |
| | Corp. Financiera Alba SA | 6,709 | 298 |
| | Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 284,153 | 266 |
| 2 | Neinor Homes SA | 26,333 | 211 |
| | Lar Espana Real Estate Socimi SA | 48,592 | 189 |
| 2 | Gestamp Automocion SA | 52,799 | 186 |
| | Construcciones y Auxiliar de Ferrocarriles SA | 7,051 | 184 |
| | Prosegur Cia de Seguridad SA | 98,413 | 183 |
| * | Melia Hotels International SA | 37,871 | 176 |
| 2 | Global Dominion Access SA | 47,418 | 174 |
| | Fomento de Construcciones y Contratas SA | 18,363 | 153 |
| | Ence Energia y Celulosa SA | 44,717 | 153 |
| 2 | Aedas Homes SA | 11,224 | 146 |
| * | Mediaset Espana Comunicacion SA | 41,922 | 130 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Atresmedia Corp. de Medios de Comunicacion SA | 33,387 | 96 |
| * | Distribuidora Internacional de Alimentacion SA | 6,034,792 | 73 |
| * | Tecnicas Reunidas SA | 10,072 | 72 |
| 2 | Prosegur Cash SA | 110,532 | 67 |
| | Banco Santander SA ADR | 16,687 | 44 |
| * | NH Hotel Group SA (XMAD) | 7,857 | 21 |
| *,3 | Let's Gowex SA | 3,921 | — |
| | | | 177,296 |
| Sweden (0.8%) |
| | Atlas Copco AB Class A | 1,310,655 | 13,989 |
| | Investor AB Class B | 796,543 | 13,000 |
| | Volvo AB Class B | 747,224 | 12,230 |
| | Assa Abloy AB Class B | 467,189 | 9,434 |
| | Hexagon AB Class B | 939,763 | 9,290 |
| | Sandvik AB | 556,219 | 8,692 |
| | Telefonaktiebolaget LM Ericsson Class B | 1,498,875 | 8,333 |
| | Swedish Match AB | 752,110 | 7,735 |
| | Skandinaviska Enskilda Banken AB Class A | 723,742 | 7,631 |
| | Swedbank AB Class A | 511,183 | 7,621 |
| 2 | Evolution AB | 80,678 | 7,526 |
| | Svenska Handelsbanken AB Class A | 754,899 | 7,014 |
| | Atlas Copco AB Class B | 723,909 | 7,001 |
| | Essity AB Class B | 308,230 | 6,512 |
| | Investor AB Class A | 375,063 | 6,378 |
| | Nibe Industrier AB Class B | 734,854 | 5,862 |
| 1 | H & M Hennes & Mauritz AB Class B | 450,787 | 4,540 |
| | Boliden AB | 141,810 | 4,124 |
| | Epiroc AB Class A | 257,561 | 3,943 |
| | Alfa Laval AB | 155,095 | 3,818 |
| | Epiroc AB Class B | 267,041 | 3,586 |
| 1 | Telia Co. AB | 1,289,594 | 3,417 |
| | Skanska AB Class B | 192,316 | 2,991 |
| | Trelleborg AB Class B | 134,826 | 2,969 |
| | SKF AB Class B | 203,867 | 2,951 |
| 1 | EQT AB | 141,927 | 2,793 |
| | Indutrade AB | 154,638 | 2,707 |
| | Industrivarden AB Class A | 114,648 | 2,597 |
| | Svenska Cellulosa AB SCA Class B | 218,322 | 2,576 |
| | L E Lundbergforetagen AB Class B | 57,114 | 2,254 |
| | Getinge AB Class B | 107,484 | 2,181 |
| | Tele2 AB Class B | 262,950 | 2,155 |
| | Securitas AB Class B | 244,228 | 1,996 |
| | Volvo AB Class A | 116,689 | 1,993 |
| | Beijer Ref AB Class B | 123,141 | 1,909 |
| * | Kinnevik AB Class B | 150,875 | 1,864 |
| | Industrivarden AB Class C | 77,033 | 1,730 |
| * | Swedish Orphan Biovitrum AB | 93,834 | 1,728 |
| | Holmen AB Class B | 46,730 | 1,696 |
| | Saab AB Class B | 46,483 | 1,642 |
| 1 | Electrolux AB Class B | 132,821 | 1,639 |
| | Lifco AB Class B | 106,565 | 1,540 |
| | | Shares | Market
Value•
($000) |
| | SSAB AB Class B | 317,786 | 1,477 |
| | Hexatronic Group AB | 108,348 | 1,466 |
| | Castellum AB | 127,550 | 1,458 |
| | Sagax AB Class B | 79,136 | 1,458 |
| | Husqvarna AB Class B | 219,165 | 1,301 |
| | BillerudKorsnas AB | 99,682 | 1,287 |
| | Axfood AB | 51,514 | 1,275 |
| * | Fastighets AB Balder Class B | 335,066 | 1,258 |
| | Investment AB Latour Class B | 72,959 | 1,232 |
| | Svenska Cellulosa AB SCA Class A | 100,614 | 1,214 |
| | Hexpol AB | 119,824 | 1,183 |
| | Avanza Bank Holding AB | 59,045 | 1,178 |
| | AAK AB | 79,112 | 1,153 |
| *,1 | Volvo Car AB Class B | 257,280 | 1,092 |
| | AddTech AB Class B | 88,599 | 1,071 |
| 2 | Bravida Holding AB | 109,084 | 1,022 |
| | Nordnet AB publ | 81,907 | 1,015 |
| 2 | Thule Group AB | 50,203 | 989 |
| | Loomis AB Class B | 34,372 | 962 |
| | Sectra AB | 72,435 | 960 |
| 2 | Dometic Group AB | 153,036 | 876 |
| | Fabege AB | 118,364 | 859 |
| | Elekta AB Class B | 164,621 | 837 |
| 1 | Wihlborgs Fastigheter AB | 125,160 | 820 |
| | Lagercrantz Group AB Class B | 95,069 | 814 |
| *,1,2 | Sinch AB | 314,433 | 738 |
| | Sweco AB Class B | 98,063 | 737 |
| | AFRY AB | 51,008 | 685 |
| * | Nordic Entertainment Group AB Class B | 36,765 | 671 |
| * | Pandox AB Class B | 52,139 | 638 |
| | Hufvudstaden AB Class A | 51,408 | 613 |
| 1 | Samhallsbyggnadsbolaget i Norden AB | 439,878 | 604 |
| | SSAB AB Class A | 118,306 | 569 |
| | Modern Times Group MTG AB Shares B | 73,587 | 552 |
| | Nyfosa AB | 91,803 | 549 |
| | Peab AB Class B | 104,588 | 543 |
| | Biotage AB | 32,349 | 531 |
| 1 | Wallenstam AB Class B | 149,852 | 529 |
| | Storskogen Group AB Class B | 709,774 | 518 |
| | Catena AB | 14,706 | 499 |
| | Mycronic AB | 30,685 | 482 |
| | Vitrolife AB | 29,807 | 482 |
| | AddLife AB Class B | 51,610 | 482 |
| | AddNode Group AB | 53,944 | 469 |
| | Intrum AB | 36,295 | 457 |
| | Bure Equity AB | 23,367 | 451 |
| | JM AB | 29,862 | 450 |
| | Betsson AB Class B | 60,095 | 437 |
| | Vitec Software Group AB Class B | 11,754 | 431 |
| *,1 | Truecaller AB Class B | 117,157 | 429 |
| | Sagax AB Class D | 170,470 | 411 |
| | Instalco AB | 102,205 | 410 |
| | Arjo AB Class B | 101,076 | 403 |
| * | Stillfront Group AB | 204,293 | 398 |
| | Bilia AB Class A | 37,365 | 396 |
| 2 | Munters Group AB | 50,820 | 396 |
| | Granges AB | 58,280 | 394 |
| | Electrolux Professional AB Class B | 100,736 | 380 |
| | | Shares | Market
Value•
($000) |
| * | Alleima AB | 106,123 | 362 |
| | Lindab International AB | 32,774 | 349 |
| | NCC AB Class B | 40,700 | 339 |
| | Ratos AB Class B | 88,996 | 333 |
| | Nolato AB Class B | 78,505 | 331 |
| | Mips AB | 10,110 | 327 |
| | Medicover AB Class B | 26,280 | 325 |
| | Hemnet Group AB | 25,466 | 316 |
| | HMS Networks AB | 12,153 | 313 |
| | Concentric AB | 18,183 | 301 |
| | Telefonaktiebolaget LM Ericsson Class A | 49,637 | 295 |
| | Beijer Alma AB | 20,006 | 280 |
| | Dios Fastigheter AB | 42,250 | 277 |
| | Cibus Nordic Real Estate AB | 19,911 | 272 |
| | Corem Property Group AB Class B | 417,564 | 260 |
| * | Sdiptech AB Class B | 13,329 | 257 |
| | Bufab AB | 13,429 | 254 |
| * | Cint Group AB | 47,645 | 251 |
| | Troax Group AB | 16,741 | 248 |
| | Atrium Ljungberg AB Class B | 18,027 | 241 |
| | INVISIO AB | 15,780 | 234 |
| | Investment AB Oresund | 22,015 | 229 |
| | Cloetta AB Class B | 124,219 | 227 |
| | Platzer Fastigheter Holding AB Class B | 34,923 | 216 |
| | NP3 Fastigheter AB | 12,702 | 202 |
| | Svenska Handelsbanken AB Class B | 18,027 | 197 |
| *,1,2 | Scandic Hotels Group AB | 58,544 | 186 |
| *,2 | Boozt AB | 25,213 | 184 |
| *,2 | Attendo AB | 88,614 | 183 |
| | Clas Ohlson AB Class B | 26,096 | 174 |
| * | Camurus AB | 7,385 | 171 |
| 2 | Resurs Holding AB | 76,489 | 166 |
| 1 | Samhallsbyggnadsbolaget i Norden AB Class D | 100,446 | 165 |
| | Systemair AB | 29,856 | 158 |
| | Volati AB | 16,186 | 148 |
| | SkiStar AB | 15,371 | 147 |
| | Fagerhult AB | 35,407 | 141 |
| | Mekonomen AB | 13,668 | 129 |
| * | Collector Bank AB | 39,722 | 97 |
| | Nobia AB | 55,170 | 92 |
| | Corem Property Group AB Preference Shares | 4,687 | 92 |
| | Husqvarna AB Class A | 13,494 | 81 |
| | Bonava AB Class B | 24,050 | 70 |
| | BONAVA AB | 20,064 | 64 |
| * | BHG Group AB | 29,885 | 50 |
| *,1 | BICO Group AB Class B | 10,571 | 41 |
| | Skandinaviska Enskilda Banken AB Class C | 3,402 | 39 |
| | NCC AB Class A | 1,486 | 16 |
| *,3 | Ow Bunker A/S | 3,210 | — |
| | | | 260,408 |
| Switzerland (2.3%) |
| | Nestle SA (Registered) | 1,359,835 | 148,030 |
| | Roche Holding AG | 294,589 | 97,744 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Novartis AG (Registered) | 1,029,088 | 83,244 |
| | Zurich Insurance Group AG | 74,316 | 31,672 |
| | Cie Financiere Richemont SA Class A (Registered) | 259,345 | 25,347 |
| | UBS Group AG (Registered) | 1,548,684 | 24,553 |
| | Roche Holding AG (Bearer) | 58,268 | 23,650 |
| | ABB Ltd. (Registered) | 799,222 | 22,195 |
| | Lonza Group AG (Registered) | 37,395 | 19,250 |
| | Sika AG (Registered) | 78,967 | 17,805 |
| | Alcon Inc. | 232,404 | 14,150 |
| | Givaudan SA (Registered) | 4,696 | 14,027 |
| | Holcim Ltd. | 242,848 | 11,033 |
| | Swiss Re AG | 142,990 | 10,622 |
| | Partners Group Holding AG | 11,728 | 10,527 |
| | Geberit AG (Registered) | 17,857 | 7,938 |
| | Swiss Life Holding AG (Registered) | 15,436 | 7,474 |
| | SGS SA (Registered) | 3,061 | 6,748 |
| | Sonova Holding AG (Registered) | 26,673 | 6,304 |
| | Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf. | 638 | 6,123 |
| | Swisscom AG (Registered) | 12,352 | 6,099 |
| | Credit Suisse Group AG (Registered) | 1,313,017 | 5,439 |
| | Julius Baer Group Ltd. | 112,234 | 5,385 |
| | Kuehne + Nagel International AG (Registered) | 25,250 | 5,375 |
| | Straumann Holding AG | 54,161 | 5,155 |
| | Chocoladefabriken Lindt & Spruengli AG (Registered) | 44 | 4,276 |
| | Swatch Group AG (Bearer) | 17,077 | 3,837 |
| | Schindler Holding AG Ptg. Ctf. | 23,358 | 3,809 |
| | Logitech International SA (Registered) | 75,828 | 3,771 |
| | SIG Combibloc Group AG | 191,818 | 3,687 |
| | Barry Callebaut AG (Registered) | 1,708 | 3,231 |
| | Baloise Holding AG (Registered) | 22,659 | 3,096 |
| | Swiss Prime Site AG (Registered) | 36,850 | 2,974 |
| | Adecco Group AG (Registered) | 91,209 | 2,854 |
| 2 | VAT Group AG | 12,346 | 2,819 |
| | PSP Swiss Property AG (Registered) | 21,858 | 2,335 |
| | Georg Fischer AG | 40,160 | 2,224 |
| | Tecan Group AG (Registered) | 6,051 | 2,220 |
| | EMS-Chemie Holding AG (Registered) | 3,495 | 2,198 |
| | Helvetia Holding AG (Registered) | 21,622 | 2,147 |
| | Clariant AG (Registered) | 126,444 | 2,032 |
| | Belimo Holding AG (Registered) | 4,540 | 1,849 |
| | | Shares | Market
Value•
($000) |
| 2 | Galenica AG | 25,483 | 1,831 |
| | Temenos AG (Registered) | 29,014 | 1,728 |
| | Holcim Ltd. (XSWX) | 34,256 | 1,547 |
| * | Flughafen Zurich AG (Registered) | 8,937 | 1,386 |
| | Siegfried Holding AG (Registered) | 2,135 | 1,271 |
| | DKSH Holding AG | 17,066 | 1,231 |
| | Schindler Holding AG (Registered) | 7,704 | 1,213 |
| | Banque Cantonale Vaudoise (Registered) | 13,100 | 1,166 |
| | Valiant Holding AG (Registered) | 11,749 | 1,151 |
| | Cembra Money Bank AG | 15,255 | 1,106 |
| | BKW AG | 9,224 | 1,076 |
| | Bachem Holding AG Class B | 14,780 | 1,060 |
| | Bucher Industries AG (Registered) | 3,104 | 1,047 |
| | Inficon Holding AG (Registered) | 1,290 | 1,026 |
| * | Dufry AG (Registered) | 31,114 | 1,026 |
| | OC Oerlikon Corp. AG (Registered) | 157,388 | 1,017 |
| *,1 | Idorsia Ltd. | 62,337 | 965 |
| | Allreal Holding AG (Registered) | 6,536 | 936 |
| | Vontobel Holding AG (Registered) | 15,042 | 846 |
| | Mobimo Holding AG (Registered) | 3,484 | 813 |
| | Comet Holding AG (Registered) | 4,914 | 782 |
| 1 | Stadler Rail AG | 24,936 | 734 |
| | Daetwyler Holding AG (Bearer) | 3,974 | 705 |
| | Huber + Suhner AG (Registered) | 7,880 | 702 |
| | Emmi AG (Registered) | 864 | 689 |
| | SFS Group AG | 7,586 | 686 |
| 1 | Softwareone Holding AG | 60,743 | 684 |
| | Landis+Gyr Group AG | 11,412 | 658 |
| | Burckhardt Compression Holding AG | 1,518 | 657 |
| * | ams-OSRAM AG | 114,277 | 647 |
| * | Accelleron Industries AG | 36,991 | 627 |
| | St. Galler Kantonalbank AG (Registered) | 1,296 | 610 |
| | VZ Holding AG | 8,321 | 574 |
| *,1 | Meyer Burger Technology AG | 1,179,686 | 565 |
| | Forbo Holding AG (Registered) | 422 | 511 |
| | Swissquote Group Holding SA (Registered) | 4,272 | 506 |
| | Interroll Holding AG (Registered) | 238 | 501 |
| | Sulzer AG (Registered) | 7,450 | 497 |
| | Swatch Group AG (Registered) | 11,868 | 496 |
| * | Implenia AG (Registered) | 12,856 | 483 |
| | Komax Holding AG (Registered) | 1,979 | 464 |
| | Bystronic AG | 797 | 458 |
| | | Shares | Market
Value•
($000) |
| * | Dottikon Es Holding AG (Registered) | 1,904 | 442 |
| | Vifor Pharma AG | 2,444 | 437 |
| * | Aryzta AG | 409,694 | 420 |
| | dormakaba Holding AG | 1,320 | 419 |
| | Kardex Holding AG (Registered) | 2,707 | 414 |
| *,2 | Sensirion Holding AG | 4,421 | 402 |
| | LEM Holding SA (Registered) | 241 | 401 |
| | u-blox Holding AG | 3,709 | 380 |
| | Intershop Holding AG | 583 | 355 |
| 2 | Medacta Group SA | 3,604 | 324 |
| *,1 | Basilea Pharmaceutica AG (Registered) | 6,878 | 316 |
| | SKAN Group AG | 5,168 | 313 |
| 1 | COSMO Pharmaceuticals NV | 5,142 | 300 |
| | Bossard Holding AG (Registered) Class A | 1,395 | 277 |
| | TX Group AG | 1,878 | 261 |
| | Leonteq AG | 6,314 | 255 |
| | Zehnder Group AG | 4,740 | 255 |
| | Schweiter Technologies AG (Bearer) | 370 | 248 |
| 2 | Medmix AG | 12,792 | 225 |
| | Ypsomed Holding AG (Registered) | 1,361 | 219 |
| | EFG International AG | 26,628 | 218 |
| 2 | PolyPeptide Group AG | 7,414 | 216 |
| | Bell Food Group AG (Registered) | 785 | 191 |
| | APG SGA SA | 1,157 | 189 |
| | Arbonia AG | 15,299 | 186 |
| | Autoneum Holding AG | 1,863 | 178 |
| | Hiag Immobilien Holding AG | 2,215 | 178 |
| | ALSO Holding AG (Registered) | 1,028 | 162 |
| *,2 | Medartis Holding AG | 2,048 | 159 |
| | Vetropack Holding AG Class A (Registered) | 4,376 | 140 |
| *,2 | Montana Aerospace AG | 11,959 | 137 |
| | Bobst Group SA (Registered) | 1,474 | 91 |
| | Rieter Holding AG (Registered) | 1,063 | 89 |
| * | Zur Rose Group AG | 3,209 | 87 |
| | VP Bank AG Class A | 742 | 64 |
| * | Swiss Steel Holding AG | 161,037 | 36 |
| | | | 710,910 |
| Taiwan (1.5%) |
| | Taiwan Semiconductor Manufacturing Co. Ltd. | 9,891,413 | 118,917 |
| | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 445,321 | 27,409 |
| | Hon Hai Precision Industry Co. Ltd. | 5,992,118 | 19,031 |
| | MediaTek Inc. | 756,766 | 13,794 |
| | Delta Electronics Inc. | 1,088,311 | 8,659 |
| | United Microelectronics Corp. | 5,751,468 | 6,916 |
| | Nan Ya Plastics Corp. | 2,824,545 | 5,985 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Fubon Financial Holding Co. Ltd. | 3,757,065 | 5,934 |
| | CTBC Financial Holding Co. Ltd. | 9,059,715 | 5,723 |
| | Mega Financial Holding Co. Ltd. | 5,623,438 | 5,210 |
| | China Steel Corp. | 6,214,678 | 5,173 |
| | Uni-President Enterprises Corp. | 2,435,992 | 4,947 |
| | Cathay Financial Holding Co. Ltd. | 4,222,353 | 4,941 |
| | E.Sun Financial Holding Co. Ltd. | 6,784,675 | 4,876 |
| | Formosa Plastics Corp. | 1,875,089 | 4,831 |
| | ASE Technology Holding Co. Ltd. | 1,725,262 | 4,260 |
| | First Financial Holding Co. Ltd. | 5,304,502 | 4,069 |
| | Taiwan Cooperative Financial Holding Co. Ltd. | 5,126,741 | 3,972 |
| | Chunghwa Telecom Co. Ltd. | 1,142,000 | 3,938 |
| | Yuanta Financial Holding Co. Ltd. | 6,304,980 | 3,850 |
| | Formosa Chemicals & Fibre Corp. | 1,751,551 | 3,775 |
| | Hua Nan Financial Holdings Co. Ltd. | 5,188,654 | 3,385 |
| | Chailease Holding Co. Ltd. | 713,423 | 3,291 |
| | China Development Financial Holding Corp. | 8,432,685 | 3,068 |
| | E Ink Holdings Inc. | 480,272 | 3,052 |
| | Chunghwa Telecom Co. Ltd. ADR | 87,067 | 2,996 |
| | Hotai Motor Co. Ltd. | 164,996 | 2,985 |
| | Quanta Computer Inc. | 1,355,690 | 2,871 |
| | Largan Precision Co. Ltd. | 50,020 | 2,862 |
| | Taiwan Cement Corp. (XTAI) | 2,925,929 | 2,744 |
| | Sinopac Holdings Co. | 5,431,653 | 2,710 |
| | Asustek Computer Inc. | 363,677 | 2,659 |
| | Taiwan Mobile Co. Ltd. | 873,800 | 2,576 |
| | Taishin Financial Holding Co. Ltd. | 5,960,037 | 2,446 |
| | Unimicron Technology Corp. | 613,000 | 2,355 |
| | Evergreen Marine Corp. Taiwan Ltd. | 545,608 | 2,321 |
| | President Chain Store Corp. | 277,137 | 2,304 |
| | Shanghai Commercial & Savings Bank Ltd. | 1,594,000 | 2,294 |
| | Yageo Corp. | 199,851 | 2,266 |
| | Novatek Microelectronics Corp. | 290,025 | 2,161 |
| | Lite-On Technology Corp. | 1,039,030 | 2,058 |
| | Far Eastern New Century Corp. | 2,057,279 | 2,050 |
| | Realtek Semiconductor Corp. | 256,420 | 2,021 |
| | Pegatron Corp. | 1,104,954 | 2,020 |
| | Advantech Co. Ltd. | 213,674 | 1,936 |
| | Accton Technology Corp. | 256,000 | 1,925 |
| | Silergy Corp. | 158,000 | 1,822 |
| | | Shares | Market
Value•
($000) |
| | Far EasTone Telecommunications Co. Ltd. | 829,000 | 1,818 |
| | Walsin Lihwa Corp. | 1,634,873 | 1,808 |
| | Airtac International Group | 76,804 | 1,758 |
| | Shin Kong Financial Holdings Co. Ltd. | 7,072,851 | 1,754 |
| | Pou Chen Corp. | 2,061,524 | 1,740 |
| | Catcher Technology Co. Ltd. | 328,310 | 1,725 |
| | Chang Hwa Bank | 3,282,001 | 1,689 |
| | Formosa Petrochemical Corp. | 656,140 | 1,688 |
| | Yang Ming Marine Transport Corp. | 859,632 | 1,600 |
| | Ruentex Development Co. Ltd. | 1,294,144 | 1,589 |
| | Asia Cement Corp. | 1,301,264 | 1,505 |
| | Innolux Corp. | 4,009,045 | 1,470 |
| | Compal Electronics Inc. | 2,074,323 | 1,357 |
| | Powerchip Semiconductor Manufacturing Corp. | 1,383,000 | 1,317 |
| | Voltronic Power Technology Corp. | 31,322 | 1,270 |
| | Eclat Textile Co. Ltd. | 96,166 | 1,262 |
| | Chroma ATE Inc. | 230,000 | 1,256 |
| | Synnex Technology International Corp. | 733,498 | 1,194 |
| | Globalwafers Co. Ltd. | 107,000 | 1,186 |
| | Micro-Star International Co. Ltd. | 349,000 | 1,182 |
| | eMemory Technology Inc. | 35,000 | 1,161 |
| | Inventec Corp. | 1,482,554 | 1,121 |
| * | Auo Corp. | 153,456 | 1,090 |
| * | Oneness Biotech Co. Ltd. | 151,000 | 1,066 |
| | Wistron Corp. | 1,277,152 | 1,031 |
| | Feng TAY Enterprise Co. Ltd. | 207,509 | 1,031 |
| | WPG Holdings Ltd. | 745,440 | 1,015 |
| | Taiwan High Speed Rail Corp. | 1,137,000 | 991 |
| * | Tatung Co. Ltd. | 1,019,789 | 989 |
| | Sino-American Silicon Products Inc. | 257,000 | 986 |
| | AU Optronics Corp. | 1,834,400 | 957 |
| | Zhen Ding Technology Holding Ltd. | 289,700 | 949 |
| | Wan Hai Lines Ltd. | 449,305 | 941 |
| | Wiwynn Corp. | 42,000 | 941 |
| | Giant Manufacturing Co. Ltd. | 145,881 | 928 |
| | Taiwan Business Bank | 2,451,050 | 907 |
| | Cheng Shin Rubber Industry Co. Ltd. | 894,379 | 895 |
| | TA Chen Stainless Pipe | 762,512 | 891 |
| | Acer Inc. | 1,288,551 | 882 |
| | Sinbon Electronics Co. Ltd. | 112,499 | 874 |
| | Pan Jit International Inc. | 511,800 | 870 |
| | Foxconn Technology Co. Ltd. | 620,514 | 869 |
| | Eva Airways Corp. | 1,195,817 | 864 |
| | Hiwin Technologies Corp. | 168,188 | 864 |
| | Vanguard International Semiconductor Corp. | 419,000 | 860 |
| | | Shares | Market
Value•
($000) |
| | Phison Electronics Corp. | 94,000 | 859 |
| | Winbond Electronics Corp. | 1,413,726 | 852 |
| | Powertech Technology Inc. | 348,000 | 804 |
| | Highwealth Construction Corp. | 623,125 | 801 |
| | Teco Electric and Machinery Co. Ltd. | 890,000 | 786 |
| | Macronix International Co. Ltd. | 829,903 | 765 |
| | Lotes Co. Ltd. | 31,800 | 763 |
| | Compeq Manufacturing Co. Ltd. | 559,000 | 755 |
| | Chicony Electronics Co. Ltd. | 302,231 | 750 |
| | Lien Hwa Industrial Holdings Corp. | 519,490 | 749 |
| | ASPEED Technology Inc. | 14,300 | 741 |
| | Win Semiconductors Corp. | 186,151 | 702 |
| | Merida Industry Co. Ltd. | 128,400 | 700 |
| | CTCI Corp. | 475,000 | 691 |
| | Simplo Technology Co. Ltd. | 86,640 | 688 |
| | China Airlines Ltd. | 1,313,000 | 687 |
| | Alchip Technologies Ltd. | 33,882 | 679 |
| | Gigabyte Technology Co. Ltd. | 233,000 | 665 |
| | Nan Ya Printed Circuit Board Corp. | 102,000 | 665 |
| | Global Unichip Corp. | 44,000 | 662 |
| | Taichung Commercial Bank Co. Ltd. | 1,676,407 | 652 |
| | Nanya Technology Corp. | 386,324 | 651 |
| | Radiant Opto-Electronics Corp. | 213,314 | 650 |
| | Walsin Technology Corp. | 262,968 | 642 |
| | Elite Material Co. Ltd. | 142,000 | 642 |
| | Parade Technologies Ltd. | 33,000 | 621 |
| | Tripod Technology Corp. | 220,000 | 608 |
| | Taiwan Fertilizer Co. Ltd. | 370,000 | 600 |
| | Makalot Industrial Co. Ltd. | 94,985 | 588 |
| | Ruentex Industries Ltd. | 341,019 | 583 |
| | FLEXium Interconnect Inc. | 202,154 | 573 |
| | Poya International Co. Ltd. | 44,685 | 568 |
| | Foxsemicon Integrated Technology Inc. | 109,900 | 567 |
| | Qisda Corp. | 736,000 | 559 |
| | Taiwan Glass Industry Corp. | 862,842 | 545 |
| | China Petrochemical Development Corp. | 1,832,488 | 533 |
| | Union Bank Of Taiwan | 1,135,000 | 533 |
| | King Yuan Electronics Co. Ltd. | 515,000 | 521 |
| | Bizlink Holding Inc. | 67,616 | 516 |
| | International Games System Co. Ltd. | 47,000 | 512 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Nien Made Enterprise Co. Ltd. | 64,000 | 493 |
| | Chipbond Technology Corp. | 292,000 | 492 |
| * | HTC Corp. | 313,491 | 489 |
| | Yulon Finance Corp. | 113,486 | 479 |
| | Eternal Materials Co. Ltd. | 511,973 | 474 |
| | YFY Inc. | 599,000 | 474 |
| | IBF Financial Holdings Co. Ltd. | 1,365,550 | 470 |
| | Topco Scientific Co. Ltd. | 99,047 | 458 |
| | Asia Vital Components Co. Ltd. | 145,000 | 457 |
| | Goldsun Building Materials Co. Ltd. | 646,137 | 453 |
| | Taiwan Surface Mounting Technology Corp. | 176,250 | 446 |
| | Yulon Motor Co. Ltd. | 315,430 | 446 |
| | Tung Ho Steel Enterprise Corp. | 290,110 | 444 |
| | King's Town Bank Co. Ltd. | 458,000 | 436 |
| * | EirGenix Inc. | 137,000 | 431 |
| | Mitac Holdings Corp. | 511,589 | 429 |
| | Jentech Precision Industrial Co. Ltd. | 39,598 | 429 |
| | Taiwan Hon Chuan Enterprise Co. Ltd. | 163,772 | 423 |
| | Faraday Technology Corp. | 94,800 | 415 |
| | Genius Electronic Optical Co. Ltd. | 43,911 | 407 |
| | Great Wall Enterprise Co. Ltd. | 323,553 | 403 |
| | ASMedia Technology Inc. | 22,000 | 395 |
| | momo.com Inc. | 26,040 | 388 |
| | Formosa Taffeta Co. Ltd. | 488,000 | 388 |
| | ENNOSTAR Inc. | 304,278 | 386 |
| | Gold Circuit Electronics Ltd. | 143,100 | 379 |
| | Namchow Holdings Co. Ltd. | 282,000 | 379 |
| | Kinsus Interconnect Technology Corp. | 116,000 | 374 |
| | Wisdom Marine Lines Co. Ltd. | 231,196 | 374 |
| | TXC Corp. | 158,000 | 373 |
| | Clevo Co. | 383,628 | 366 |
| | Huaku Development Co. Ltd. | 136,000 | 363 |
| | Elan Microelectronics Corp. | 143,400 | 360 |
| | Taiwan Secom Co. Ltd. | 125,675 | 360 |
| * | Nan Kang Rubber Tire Co. Ltd. | 340,493 | 360 |
| | Wistron NeWeb Corp. | 138,400 | 359 |
| | Tong Hsing Electronic Industries Ltd. | 67,130 | 359 |
| * | United Renewable Energy Co. Ltd. | 551,502 | 358 |
| | Far Eastern Department Stores Ltd. | 635,115 | 355 |
| | Kinpo Electronics | 806,000 | 353 |
| | Cheng Loong Corp. | 432,000 | 351 |
| | King Slide Works Co. Ltd. | 27,000 | 350 |
| | Far Eastern International Bank | 1,046,395 | 344 |
| | | Shares | Market
Value•
($000) |
| | WT Microelectronics Co. Ltd. | 189,986 | 343 |
| | Episil Technologies Inc. | 126,334 | 339 |
| | HannStar Display Corp. | 931,265 | 330 |
| | Tong Yang Industry Co. Ltd. | 234,000 | 327 |
| | ITEQ Corp. | 191,244 | 324 |
| | Chicony Power Technology Co. Ltd. | 149,000 | 323 |
| | Chung-Hsin Electric & Machinery Manufacturing Corp. | 208,000 | 318 |
| | Wafer Works Corp. | 257,601 | 318 |
| | Microbio Co. Ltd. | 188,470 | 317 |
| | Sanyang Motor Co. Ltd. | 279,000 | 314 |
| | Hotai Finance Co. Ltd. | 106,000 | 309 |
| | Primax Electronics Ltd. | 184,000 | 308 |
| | Via Technologies Inc. | 156,000 | 308 |
| | ChipMOS Technologies Inc. | 312,682 | 307 |
| | United Integrated Services Co. Ltd. | 68,200 | 306 |
| | United Microelectronics Corp. ADR | 51,487 | 305 |
| | Topkey Corp. | 57,000 | 304 |
| * | Taiwan TEA Corp. | 469,000 | 299 |
| | Feng Hsin Steel Co. Ltd. | 169,000 | 295 |
| | TSRC Corp. | 357,925 | 293 |
| | Kenda Rubber Industrial Co. Ltd. | 304,000 | 288 |
| | Capital Securities Corp. | 924,220 | 286 |
| | Shinkong Synthetic Fibers Corp. | 567,000 | 284 |
| | General Interface Solution Holding Ltd. | 118,000 | 284 |
| | Arcadyan Technology Corp. | 100,099 | 279 |
| | China Steel Chemical Corp. | 87,000 | 278 |
| | Oriental Union Chemical Corp. | 528,000 | 276 |
| | CHC Healthcare Group | 224,268 | 275 |
| | Hota Industrial Manufacturing Co. Ltd. | 116,940 | 270 |
| | Charoen Pokphand Enterprise | 114,400 | 269 |
| | AP Memory Technology Corp. | 57,700 | 269 |
| | Ardentec Corp. | 204,903 | 265 |
| * | Ambassador Hotel | 271,000 | 262 |
| | Sercomm Corp. | 112,000 | 262 |
| | Chin-Poon Industrial Co. Ltd. | 306,000 | 261 |
| | Tainan Spinning Co. Ltd. | 519,543 | 260 |
| | Fusheng Precision Co. Ltd. | 46,000 | 259 |
| | Sigurd Microelectronics Corp. | 178,781 | 257 |
| | President Securities Corp. | 565,670 | 257 |
| | Coretronic Corp. | 165,400 | 256 |
| | Pixart Imaging Inc. | 102,000 | 255 |
| | | Shares | Market
Value•
($000) |
| | Taiwan Semiconductor Co. Ltd. | 108,000 | 251 |
| | Chung Hung Steel Corp. | 409,000 | 249 |
| | Greatek Electronics Inc. | 170,000 | 245 |
| | Depo Auto Parts Ind Co. Ltd. | 118,000 | 243 |
| | Yieh Phui Enterprise Co. Ltd. | 549,292 | 243 |
| | Grand Pacific Petrochemical | 447,000 | 241 |
| | Transcend Information Inc. | 120,000 | 240 |
| | Taiwan Paiho Ltd. | 159,000 | 240 |
| | SDI Corp. | 85,000 | 234 |
| | Nuvoton Technology Corp. | 74,000 | 234 |
| | Getac Holdings Corp. | 192,000 | 232 |
| | Shin Zu Shing Co. Ltd. | 93,691 | 226 |
| | Ichia Technologies Inc. | 396,000 | 219 |
| | YungShin Global Holding Corp. | 181,350 | 219 |
| | Holy Stone Enterprise Co. Ltd. | 80,200 | 217 |
| | KMC Kuei Meng International Inc. | 50,000 | 216 |
| | Taiwan Sakura Corp. | 118,994 | 216 |
| | Sitronix Technology Corp. | 42,000 | 215 |
| | Brighton-Best International Taiwan Inc. | 207,000 | 215 |
| | Kung Long Batteries Industrial Co. Ltd. | 51,000 | 214 |
| | Everlight Electronics Co. Ltd. | 202,000 | 214 |
| | Radium Life Tech Co. Ltd. | 759,440 | 214 |
| | USI Corp. | 341,645 | 214 |
| * | Phihong Technology Co. Ltd. | 193,000 | 213 |
| | Raydium Semiconductor Corp. | 29,000 | 209 |
| | O-Bank Co. Ltd. | 845,000 | 208 |
| | Fitipower Integrated Technology Inc. | 64,603 | 207 |
| * | Shining Building Business Co. Ltd. | 730,915 | 206 |
| | Solar Applied Materials Technology Corp. | 240,571 | 206 |
| | Sinon Corp. | 185,000 | 203 |
| | Standard Foods Taiwan Ltd. | 168,400 | 202 |
| | Elite Semiconductor Microelectronics Technology Inc. | 105,000 | 202 |
| | Iron Force Industrial Co. Ltd. | 92,000 | 202 |
| | U-Ming Marine Transport Corp. | 185,000 | 201 |
| | XinTec Inc. | 68,000 | 201 |
| | Allied Supreme Corp. | 25,000 | 201 |
| | TaiDoc Technology Corp. | 38,000 | 200 |
| | Formosa International Hotels Corp. | 36,058 | 200 |
| | Ton Yi Industrial Corp. | 389,000 | 200 |
| | Wei Chuan Foods Corp. | 354,000 | 200 |
| | Ennoconn Corp. | 34,976 | 200 |
| * | TSEC Corp. | 191,414 | 198 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Medigen Vaccine Biologics Corp. | 98,287 | 196 |
| | TTY Biopharm Co. Ltd. | 83,541 | 194 |
| | Chong Hong Construction Co. Ltd. | 87,152 | 192 |
| | Taiwan Mask Corp. | 105,158 | 191 |
| | International CSRC Investment Holdings Co. | 323,447 | 189 |
| | Systex Corp. | 91,000 | 187 |
| | TCI Co. Ltd. | 56,022 | 187 |
| | Lotus Pharmaceutical Co. Ltd. | 39,000 | 186 |
| | Xxentria Technology Materials Corp. | 105,000 | 185 |
| | China Chemical & Pharmaceutical Co. Ltd. | 294,000 | 184 |
| | Fulgent Sun International Holding Co. Ltd. | 43,029 | 182 |
| | Farglory Land Development Co. Ltd. | 110,000 | 181 |
| | Cheng Uei Precision Industry Co. Ltd. | 173,000 | 180 |
| | Formosan Rubber Group Inc. | 287,890 | 177 |
| | Jih Sun Financial Holdings Co. Ltd. | 488,938 | 177 |
| | Merry Electronics Co. Ltd. | 72,309 | 176 |
| | FocalTech Systems Co. Ltd. | 82,655 | 175 |
| | Gudeng Precision Industrial Co. Ltd. | 26,201 | 175 |
| | Advanced Energy Solution Holding Co. Ltd. | 10,000 | 174 |
| | Continental Holdings Corp. | 200,000 | 173 |
| | Nantex Industry Co. Ltd. | 164,000 | 172 |
| * | UPI Semiconductor Corp. | 24,000 | 172 |
| | L&K Engineering Co. Ltd. | 192,000 | 171 |
| | Center Laboratories Inc. | 126,944 | 171 |
| | Sporton International Inc. | 27,092 | 170 |
| | Kinik Co. | 54,000 | 170 |
| | Evergreen International Storage & Transport Corp. | 210,000 | 169 |
| | OptoTech Corp. | 171,312 | 168 |
| | Ability Enterprise Co. Ltd. | 268,000 | 167 |
| | Chia Hsin Cement Corp. | 341,000 | 167 |
| | Kuo Yang Construction Co. Ltd. | 293,000 | 163 |
| | Grape King Bio Ltd. | 43,000 | 162 |
| | Andes Technology Corp. | 14,000 | 161 |
| | Shinkong Insurance Co. Ltd. | 117,000 | 160 |
| | Wah Lee Industrial Corp. | 64,260 | 160 |
| | AGV Products Corp. | 553,440 | 159 |
| | Ta Ya Electric Wire & Cable | 310,766 | 159 |
| * | Tanvex BioPharma Inc. | 174,000 | 159 |
| | | Shares | Market
Value•
($000) |
| | IEI Integration Corp. | 96,605 | 158 |
| | Jess-Link Products Co. Ltd. | 144,750 | 158 |
| | VIA Labs Inc. | 30,000 | 157 |
| | Longchen Paper & Packaging Co. Ltd. | 338,689 | 156 |
| | Shiny Chemical Industrial Co. Ltd. | 50,000 | 156 |
| | Sinyi Realty Inc. | 177,358 | 154 |
| | ADATA Technology Co. Ltd. | 92,190 | 154 |
| | Sunny Friend Environmental Technology Co. Ltd. | 37,000 | 154 |
| | Universal Vision Biotechnology Co. Ltd. | 19,950 | 153 |
| | Rich Development Co. Ltd. | 594,000 | 151 |
| | Lealea Enterprise Co. Ltd. | 470,000 | 151 |
| | Posiflex Technology Inc. | ���42,169 | 150 |
| | Century Iron & Steel Industrial Co. Ltd. | 63,000 | 150 |
| | CMC Magnetics Corp. | 739,855 | 149 |
| | Mercuries & Associates Holding Ltd. | 338,674 | 149 |
| | Aten International Co. Ltd. | 63,000 | 148 |
| | Pegavision Corp. | 17,000 | 148 |
| | Flytech Technology Co. Ltd. | 74,853 | 147 |
| | Cub Elecparts Inc. | 34,148 | 147 |
| * | Shihlin Paper Corp. | 99,000 | 147 |
| * | Foresee Pharmaceuticals Co. Ltd. | 64,000 | 146 |
| | Toung Loong Textile Manufacturing | 176,460 | 145 |
| | Dyaco International Inc. | 131,000 | 145 |
| | Cathay Real Estate Development Co. Ltd. | 319,200 | 144 |
| | Asia Optical Co. Inc. | 80,000 | 142 |
| | Kuo Toong International Co. Ltd. | 236,374 | 142 |
| | Supreme Electronics Co. Ltd. | 138,210 | 142 |
| | Taiwan Cogeneration Corp. | 155,000 | 141 |
| | Visual Photonics Epitaxy Co. Ltd. | 79,250 | 141 |
| | AURAS Technology Co. Ltd. | 38,000 | 141 |
| * | TaiMed Biologics Inc. | 81,000 | 141 |
| | Cleanaway Co. Ltd. | 27,000 | 140 |
| | Pan-International Industrial Corp. | 142,000 | 140 |
| | Innodisk Corp. | 27,118 | 139 |
| | BES Engineering Corp. | 560,000 | 139 |
| | Hung Sheng Construction Ltd. | 181,912 | 139 |
| | Gloria Material Technology Corp. | 157,000 | 138 |
| | Hu Lane Associate Inc. | 30,575 | 138 |
| | China Motor Corp. | 104,800 | 136 |
| | Chang Wah Electromaterials Inc. | 144,000 | 136 |
| | Global Mixed Mode Technology Inc. | 34,000 | 136 |
| | | Shares | Market
Value•
($000) |
| * | CSBC Corp. Taiwan | 297,615 | 136 |
| | Machvision Inc. | 37,404 | 135 |
| * | Adimmune Corp. | 131,485 | 134 |
| | Advanced International Multitech Co. Ltd. | 46,000 | 132 |
| | Prince Housing & Development Corp. | 412,050 | 132 |
| | Dimerco Express Corp. | 68,466 | 131 |
| | UPC Technology Corp. | 344,265 | 130 |
| | Taiwan Union Technology Corp. | 95,000 | 129 |
| | AcBel Polytech Inc. | 150,000 | 128 |
| | Huang Hsiang Construction Corp. | 105,000 | 128 |
| | Test Research Inc. | 68,000 | 127 |
| | Asia Polymer Corp. | 163,556 | 126 |
| | China Bills Finance Corp. | 283,000 | 125 |
| * | China Man-Made Fiber Corp. | 516,602 | 124 |
| * | OBI Pharma Inc. | 61,225 | 124 |
| | Holtek Semiconductor Inc. | 60,000 | 123 |
| | Apex International Co. Ltd. | 80,000 | 122 |
| * | Unitech Printed Circuit Board Corp. | 223,689 | 121 |
| | Kindom Development Co. Ltd. | 161,700 | 121 |
| | Chang Wah Technology Co. Ltd. | 135,000 | 121 |
| | Etron Technology Inc. | 111,777 | 120 |
| | Sunplus Technology Co. Ltd. | 171,000 | 119 |
| | China Electric Manufacturing Corp. | 275,360 | 118 |
| | Darfon Electronics Corp. | 101,000 | 118 |
| | PharmaEngine Inc. | 40,038 | 118 |
| | Formosa Sumco Technology Corp. | 26,000 | 117 |
| | Silicon Integrated Systems Corp. | 246,669 | 116 |
| | Acter Group Corp. Ltd. | 39,576 | 115 |
| | Co-Tech Development Corp. | 85,000 | 115 |
| | China General Plastics Corp. | 184,895 | 113 |
| | Advanced Wireless Semiconductor Co. | 58,437 | 112 |
| | Chun Yuan Steel Industry Co. Ltd. | 244,000 | 112 |
| | Soft-World International Corp. | 50,000 | 111 |
| | St. Shine Optical Co. Ltd. | 17,000 | 111 |
| | Johnson Health Tech Co. Ltd. | 49,105 | 110 |
| | Thinking Electronic Industrial Co. Ltd. | 30,000 | 109 |
| | Actron Technology Corp. | 26,000 | 109 |
| | YC INOX Co. Ltd. | 137,692 | 108 |
| | Tung Thih Electronic Co. Ltd. | 26,000 | 108 |
| | RichWave Technology Corp. | 36,518 | 108 |
| | Bank of Kaohsiung Co. Ltd. | 280,807 | 107 |
| * | Globe Union Industrial Corp. | 288,000 | 106 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Senao International Co. Ltd. | 114,000 | 105 |
| | Orient Semiconductor Electronics Ltd. | 208,605 | 105 |
| | TPK Holding Co. Ltd. | 117,958 | 104 |
| * | First Steamship Co. Ltd. | 419,936 | 104 |
| | Gamania Digital Entertainment Co. Ltd. | 62,000 | 103 |
| | Zeng Hsing Industrial Co. Ltd. | 31,000 | 103 |
| | Chief Telecom Inc. | 12,000 | 103 |
| | Marketech International Corp. | 34,000 | 103 |
| | AmTRAN Technology Co. Ltd. | 353,960 | 102 |
| | Hsin Kuang Steel Co. Ltd. | 96,000 | 102 |
| | Chlitina Holding Ltd. | 22,400 | 102 |
| | Nichidenbo Corp. | 68,000 | 100 |
| * | Career Technology MFG. Co. Ltd. | 134,522 | 100 |
| | CyberTAN Technology Inc. | 148,000 | 100 |
| * | Asia Pacific Telecom Co. Ltd. | 507,508 | 100 |
| * | RDC Semiconductor Co. Ltd. | 23,000 | 99 |
| | Federal Corp. | 170,612 | 98 |
| | ScinoPharm Taiwan Ltd. | 133,245 | 98 |
| * | Hong Pu Real Estate Development Co. Ltd. | 140,000 | 96 |
| | Firich Enterprises Co. Ltd. | 123,185 | 96 |
| | Unizyx Holding Corp. | 119,467 | 95 |
| | FSP Technology Inc. | 83,000 | 95 |
| | Advanced Ceramic X Corp. | 20,000 | 95 |
| | Taiyen Biotech Co. Ltd. | 100,000 | 93 |
| | Weltrend Semiconductor | 70,599 | 93 |
| | Genesys Logic Inc. | 36,000 | 93 |
| | Sonix Technology Co. Ltd. | 65,000 | 92 |
| | Adlink Technology Inc. | 59,584 | 92 |
| | Dynapack International Technology Corp. | 43,000 | 91 |
| | Tyntek Corp. | 194,000 | 91 |
| | Everlight Chemical Industrial Corp. | 170,240 | 91 |
| | Anpec Electronics Corp. | 28,000 | 91 |
| | Sampo Corp. | 121,600 | 89 |
| | Alpha Networks Inc. | 107,772 | 89 |
| | Syncmold Enterprise Corp. | 48,750 | 89 |
| | LandMark Optoelectronics Corp. | 30,600 | 88 |
| | Sunonwealth Electric Machine Industry Co. Ltd. | 69,000 | 86 |
| | Gourmet Master Co. Ltd. | 28,245 | 86 |
| * | Mercuries Life Insurance Co. Ltd. | 507,966 | 86 |
| | Motech Industries Inc. | 115,929 | 85 |
| | Taiwan PCB Techvest Co. Ltd. | 83,000 | 84 |
| | China Metal Products | 101,000 | 84 |
| | | Shares | Market
Value•
($000) |
| * | Wowprime Corp. | 21,665 | 84 |
| | Swancor Holding Co. Ltd. | 30,000 | 83 |
| | T3EX Global Holdings Corp. | 44,000 | 83 |
| | Gemtek Technology Corp. | 102,000 | 82 |
| | Chunghwa Precision Test Tech Co. Ltd. | 7,000 | 82 |
| | Amazing Microelectronic Corp. | 32,000 | 82 |
| | ITE Technology Inc. | 44,000 | 81 |
| | Altek Corp. | 78,600 | 81 |
| | Hannstar Board Corp. | 89,059 | 79 |
| | Chung Hwa Pulp Corp. | 152,421 | 79 |
| *,3 | Roo Hsing Co. Ltd. | 874,000 | 79 |
| | D-Link Corp. | 169,475 | 76 |
| | ASROCK Inc. | 25,000 | 76 |
| | Taiwan Styrene Monomer | 190,450 | 73 |
| | Bioteque Corp. | 22,000 | 73 |
| | Lung Yen Life Service Corp. | 67,000 | 73 |
| | Elite Advanced Laser Corp. | 67,412 | 73 |
| * | Gigastorage Corp. | 141,195 | 72 |
| | KEE TAI Properties Co. Ltd. | 212,000 | 72 |
| | Speed Tech Corp. | 46,000 | 71 |
| | Dynamic Holding Co. Ltd. | 140,760 | 71 |
| | TYC Brother Industrial Co. Ltd. | 90,000 | 70 |
| | Quanta Storage Inc. | 59,000 | 69 |
| | Ultra Chip Inc. | 29,000 | 69 |
| | Infortrend Technology Inc. | 127,000 | 68 |
| | Taiflex Scientific Co. Ltd. | 54,800 | 68 |
| | Sincere Navigation Corp. | 124,790 | 68 |
| | Kaimei Electronic Corp. | 42,400 | 68 |
| * | Taigen Biopharmaceuticals Holdings Ltd. | 146,872 | 65 |
| | 91APP Inc. | 26,000 | 64 |
| | Fittech Co. Ltd. | 25,781 | 63 |
| | Ho Tung Chemical Corp. | 251,141 | 62 |
| | PChome Online Inc. | 39,587 | 62 |
| | Sensortek Technology Corp. | 10,000 | 61 |
| | Lingsen Precision Industries Ltd. | 151,000 | 60 |
| | Rexon Industrial Corp. Ltd. | 69,000 | 60 |
| | TA-I Technology Co. Ltd. | 45,750 | 59 |
| | Rechi Precision Co. Ltd. | 120,000 | 59 |
| * | Brogent Technologies Inc. | 17,529 | 59 |
| | Basso Industry Corp. | 48,200 | 58 |
| * | Li Peng Enterprise Co. Ltd. | 240,600 | 58 |
| | Yeong Guan Energy Technology Group Co. Ltd. | 37,639 | 58 |
| | HannsTouch Solution Inc. | 200,133 | 57 |
| 2 | Taiwan Cement Corp. | 12,119 | 57 |
| | Yulon Nissan Motor Co. Ltd. | 10,000 | 56 |
| | | Shares | Market
Value•
($000) |
| | WUS Printed Circuit Co. Ltd. | 73,457 | 52 |
| | Global Brands Manufacture Ltd. | 61,640 | 49 |
| * | ALI Corp. | 86,811 | 48 |
| | Egis Technology Inc. | 27,000 | 47 |
| * | Elitegroup Computer Systems Co. Ltd. | 73,000 | 46 |
| * | Gigasolar Materials Corp. | 15,519 | 46 |
| * | Medigen Biotechnology Corp. | 49,000 | 45 |
| * | Ritek Corp. | 202,257 | 44 |
| | Tong-Tai Machine & Tool Co. Ltd. | 102,560 | 42 |
| * | Newmax Technology Co. Ltd. | 47,000 | 41 |
| | Savior Lifetec Corp. | 81,096 | 41 |
| | Nidec Chaun-Choung Technology Corp. | 13,000 | 40 |
| | Sheng Yu Steel Co. Ltd. | 56,000 | 40 |
| * | Darwin Precisions Corp. | 142,000 | 38 |
| | Nan Liu Enterprise Co. Ltd. | 16,000 | 35 |
| | Shin Foong Specialty & Applied Materials Co. Ltd. | 22,000 | 35 |
| | GeneReach Biotechnology Corp. | 21,256 | 33 |
| | Cyberlink Corp. | 11,000 | 31 |
| * | Zinwell Corp. | 43,000 | 22 |
| | Test Rite International Co. Ltd. | 34,530 | 22 |
| * | Li Cheng Enterprise Co. Ltd. | 28,407 | 20 |
| *,3 | Pihsiang Machinery Manufacturing Co. Ltd. | 38,000 | — |
| *,3 | Unity Opto Technology Co. Ltd. | 378,000 | — |
| *,3 | Xpec Entertainment Inc. | 21,468 | — |
| *,3 | Pharmally International Holding Co. Ltd. | 10,673 | — |
| | | | 476,127 |
| Thailand (0.3%) |
| | PTT PCL | 7,374,380 | 6,979 |
| | CP ALL PCL | 3,191,900 | 5,035 |
| * | Airports of Thailand PCL | 2,059,250 | 4,006 |
| | Bangkok Dusit Medical Services PCL Class F | 4,487,400 | 3,483 |
| | PTT Exploration & Production PCL | 674,081 | 3,223 |
| | Kasikornbank PCL | 733,635 | 2,823 |
| | SCB X PCL Foreign | 996,900 | 2,785 |
| | Advanced Info Service PCL | 547,200 | 2,750 |
| 1 | Gulf Energy Development PCL | 2,000,480 | 2,659 |
| | Central Pattana PCL | 1,360,400 | 2,461 |
| | Delta Electronics Thailand PCL | 150,000 | 2,294 |
| | Energy Absolute PCL (XBKK) | 854,800 | 2,176 |
| * | Minor International PCL | 2,675,432 | 1,987 |
| | Siam Cement PCL (Registered) | 201,906 | 1,719 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Charoen Pokphand Foods PCL | 2,525,100 | 1,679 |
| | Central Retail Corp. PCL | 1,443,000 | 1,592 |
| 1 | Bumrungrad Hospital PCL | 249,500 | 1,487 |
| | Siam Cement PCL NDVR | 162,800 | 1,386 |
| | Intouch Holdings PCL Class F | 709,931 | 1,344 |
| | Tisco Financial Group PCL | 522,500 | 1,319 |
| | Bangkok Bank PCL (Registered) | 329,648 | 1,262 |
| | PTT Global Chemical PCL | 1,072,115 | 1,228 |
| | TMBThanachart Bank PCL | 34,012,369 | 1,217 |
| | Indorama Ventures PCL | 986,000 | 1,093 |
| | Home Product Center PCL | 2,837,398 | 1,090 |
| | Krung Thai Bank PCL | 2,295,775 | 1,058 |
| 1 | Bangkok Expressway & Metro PCL | 4,180,457 | 1,033 |
| | Digital Telecommunications Infrastructure Fund Class F | 2,849,317 | 1,010 |
| | SCG Packaging PCL | 714,300 | 977 |
| | Banpu PCL (Registered) | 2,782,104 | 915 |
| | Krungthai Card PCL | 601,400 | 902 |
| | Thai Oil PCL | 610,732 | 878 |
| | BTS Group Holdings PCL | 3,809,911 | 831 |
| 1 | Thonburi Healthcare Group PCL | 451,600 | 802 |
| * | Beyond Securities PCL | 2,185,100 | 800 |
| | PTT Oil & Retail Business PCL | 1,249,400 | 792 |
| 1 | Siam Makro PCL | 800,877 | 759 |
| | Thai Union Group PCL Class F | 1,523,480 | 721 |
| | Esso Thailand PCL | 1,686,500 | 644 |
| | Kiatnakin Bank PCL | 331,900 | 637 |
| | Land & Houses PCL (Registered) | 2,610,400 | 631 |
| | True Corp. PCL | 4,725,554 | 617 |
| 1 | Gunkul Engineering PCL | 4,527,299 | 614 |
| | Ratch Group PCL | 514,236 | 554 |
| | Global Power Synergy PCL Class F | 323,093 | 527 |
| | JMT Network Services PCL Class F | 304,264 | 521 |
| 1 | Electricity Generating PCL | 113,000 | 507 |
| | Asset World Corp. PCL | 3,135,100 | 503 |
| | Osotspa PCL | 714,800 | 498 |
| | Bangchak Corp. PCL | 599,500 | 482 |
| 1 | KCE Electronics PCL | 412,300 | 457 |
| 1 | Com7 PCL Class F | 547,600 | 435 |
| | Ngern Tid Lor PCL | 633,231 | 433 |
| | Siam Global House PCL | 809,311 | 428 |
| | Berli Jucker PCL | 462,784 | 416 |
| | CPN Retail Growth Leasehold REIT | 852,800 | 414 |
| 1 | IRPC PCL | 4,980,000 | 412 |
| | Total Access Communication PCL | 336,900 | 399 |
| | | Shares | Market
Value•
($000) |
| *,1 | Central Plaza Hotel PCL | 290,900 | 389 |
| | WHA Corp. PCL | 3,748,102 | 388 |
| | Jasmine Broadband Internet Infrastructure Fund Class F | 1,805,600 | 377 |
| | Land & Houses PCL NVDR | 1,482,900 | 358 |
| | Singer Thailand PCL | 372,900 | 356 |
| 1 | CH Karnchang PCL | 575,000 | 351 |
| | Mega Lifesciences PCL | 297,300 | 346 |
| | Supalai PCL | 616,000 | 340 |
| | Forth Corp. PCL | 241,400 | 336 |
| | Carabao Group PCL Class F | 140,500 | 334 |
| 1 | Srisawad Corp. PCL | 302,305 | 326 |
| 1 | Star Petroleum Refining PCL | 1,003,500 | 315 |
| | Jay Mart PCL | 263,000 | 313 |
| 1 | Bangkok Commercial Asset Management PCL (XBKK) | 772,900 | 311 |
| | Muangthai Capital PCL | 321,700 | 307 |
| 1 | Ramkhamhaeng Hospital PCL | 208,340 | 304 |
| 1 | CK Power PCL | 2,330,445 | 303 |
| 1 | VGI PCL | 3,130,323 | 300 |
| | Krung Thai Bank PCL NDVR | 633,000 | 292 |
| 1 | Vibhavadi Medical Center PCL | 3,814,644 | 287 |
| 1 | B Grimm Power PCL | 322,200 | 286 |
| 1 | Bangkok Chain Hospital PCL | 566,200 | 275 |
| | Hana Microelectronics PCL | 292,700 | 268 |
| 1 | Sansiri PCL | 7,649,500 | 264 |
| | Thailand Future Fund | 1,367,400 | 264 |
| 1 | Thanachart Capital PCL | 247,100 | 260 |
| 1 | MK Restaurants Group PCL | 157,200 | 241 |
| 1 | Dhipaya Group Holdings PCL | 167,300 | 239 |
| | AP Thailand PCL | 921,500 | 237 |
| | Bangkok Life Assurance PCL NVDR | 269,040 | 231 |
| *,1 | Jasmine Technology Solution PCL | 173,400 | 220 |
| | Chularat Hospital PCL Class F | 2,340,180 | 218 |
| | BTS Rail Mass Transit Growth Infrastructure Fund Class F | 2,056,800 | 214 |
| 1 | BEC World PCL | 825,000 | 209 |
| 1 | Dohome PCL (XBKK) | 611,160 | 207 |
| | TTW PCL | 870,200 | 199 |
| | Amata Corp. PCL | 383,249 | 197 |
| | TPI Polene PCL | 4,173,300 | 194 |
| 1 | Precious Shipping PCL | 533,800 | 185 |
| 1 | Thai Vegetable Oil PCL | 227,040 | 170 |
| | Sri Trang Gloves Thailand PCL | 578,400 | 169 |
| 1 | Sri Trang Agro-Industry PCL | 331,096 | 167 |
| 1 | Sino-Thai Engineering & Construction PCL | 539,500 | 166 |
| *,1 | Bangkok Airways PCL | 457,000 | 162 |
| | | Shares | Market
Value•
($000) |
| | SCB X PCL NVDR | 56,400 | 158 |
| | AEON Thana Sinsap Thailand PCL | 36,100 | 155 |
| | Thoresen Thai Agencies PCL | 707,352 | 140 |
| | Quality Houses PCL | 2,442,183 | 139 |
| | LPN Development PCL | 1,259,200 | 137 |
| 1 | TOA Paint Thailand PCL | 164,400 | 136 |
| * | Plan B Media Pcl Class F | 726,116 | 135 |
| * | STARK Corp. PCL | 1,480,800 | 125 |
| 1 | TQM Corp. PCL | 123,600 | 122 |
| 1 | Bangkok Land PCL | 4,444,600 | 118 |
| | Tipco Asphalt PCL | 257,200 | 116 |
| 1 | Siam City Cement PCL | 27,700 | 110 |
| | Origin Property PCL Class F | 389,400 | 104 |
| | Major Cineplex Group PCL | 203,500 | 97 |
| | Thaifoods Group PCL Class F | 649,700 | 96 |
| | MBK PCL | 192,712 | 95 |
| | Thaicom PCL | 303,900 | 92 |
| *,1 | Kerry Express Thailand PCL | 186,000 | 86 |
| 1 | Banpu Power PCL | 215,100 | 84 |
| *,1 | Jasmine International PCL | 1,256,900 | 80 |
| | Ratchthani Leasing PCL | 670,500 | 79 |
| *,1 | Italian-Thai Development PCL | 1,562,400 | 79 |
| | North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT Class F | 425,900 | 76 |
| | Super Energy Corp. PCL | 3,838,700 | 71 |
| | PTG Energy PCL | 190,400 | 70 |
| * | U City PCL Class F | 1,520,425 | 64 |
| | GFPT PCL | 164,000 | 63 |
| | Pruksa Holding PCL | 195,300 | 62 |
| | TPI Polene Power PCL | 688,700 | 61 |
| | BCPG PCL | 215,213 | 54 |
| | Workpoint Entertainment PCL | 106,900 | 51 |
| | Pruksa Real Estate PCL | 210,700 | 50 |
| | BTS Group Holdings PCL NDVR | 222,000 | 48 |
| * | Unique Engineering & Construction PCL | 382,500 | 45 |
| | SPCG PCL | 120,600 | 43 |
| | Thanachart Capital PCL NDVR | 38,600 | 41 |
| *,3 | Thai Union Group PCL | 86,398 | 40 |
| * | Samart Corp. PCL | 211,300 | 32 |
| | IMPACT Growth REIT | 87,014 | 27 |
| | Taokaenoi Food & Marketing PCL Class F | 123,500 | 23 |
| *,3 | Thai Airways International PCL | 300,774 | 20 |
| | Ratch Group PCL NDVR | 14,664 | 16 |
| | Bangkok Life Assurance PCL | 16,500 | 14 |
| | Kasikornbank PCL NVDR | 2,990 | 12 |
| *,3 | Singer Thailand PCL Rights Exp. 11/25/22 | 260,295 | 12 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | JMT Network Services PCL | 14,435 | 4 |
| * | MBK PCL Warrants Exp. 11/15/23 | 7,412 | 3 |
| * | VGI PCL Warrants Exp. 5/23/27 (XBKK) | 722,382 | 3 |
| * | BCPG PCL Warrants Exp. 11/13/23 | 1 | — |
| * | BTS Group Holdings PCL Warrants Exp. 11/20/26 | 44,400 | — |
| * | BTS Group Holdings PCL NVDR | 22,200 | — |
| * | TTB W1 Warrants Exp. 4/21/23 | 1 | — |
| | | | 96,047 |
| Turkey (0.1%) |
| | BIM Birlesik Magazalar A/S | 233,870 | 1,684 |
| * | Turk Hava Yollari AO | 254,270 | 1,384 |
| | KOC Holding A/S | 458,416 | 1,368 |
| | Turkiye Sise ve Cam Fabrikalari A/S | 721,426 | 1,286 |
| | Haci Omer Sabanci Holding A/S | 684,791 | 1,233 |
| | Akbank TAS | 1,530,735 | 1,203 |
| * | Turkiye Petrol Rafinerileri A/S | 58,411 | 1,183 |
| | Sasa Polyester Sanayi A/S | 167,887 | 1,081 |
| | Eregli Demir ve Celik Fabrikalari TAS | 628,370 | 1,001 |
| | Hektas Ticaret TAS | 601,948 | 926 |
| | Enka Insaat ve Sanayi A/S | 861,881 | 868 |
| | Turkiye Is Bankasi A/S Class C | 1,597,909 | 800 |
| | Turkcell Iletisim Hizmetleri A/S | 530,684 | 732 |
| | Yapi ve Kredi Bankasi A/S | 1,248,422 | 618 |
| | Ford Otomotiv Sanayi A/S | 29,430 | 574 |
| | Aselsan Elektronik Sanayi Ve Ticaret A/S | 298,070 | 516 |
| | Aksa Enerji Uretim A/S Class B | 225,639 | 502 |
| * | Petkim Petrokimya Holding A/S | 564,331 | 404 |
| * | Penta Teknoloji Urunleri Dag | 108,918 | 392 |
| | Turkiye Garanti Bankasi A/S | 306,482 | 387 |
| | Logo Yazilim Sanayi Ve Ticaret A/S | 127,079 | 359 |
| * | Can2 Termik AS | 46,379 | 356 |
| | Anadolu Efes Biracilik Ve Malt Sanayii A/S | 135,847 | 350 |
| * | Ulker Biskuvi Sanayi A/S | 242,591 | 343 |
| | Tat Gida Sanayi A/S | 208,550 | 317 |
| | Tofas Turk Otomobil Fabrikasi A/S | 59,701 | 315 |
| * | TAV Havalimanlari Holding A/S | 68,404 | 288 |
| * | Gubre Fabrikalari TAS | 36,375 | 285 |
| * | ODAS Elektrik Uretim ve Sanayi Ticaret AS | 651,654 | 268 |
| * | Oyak Cimento Fabrikalari A/S | 281,629 | 254 |
| | Arcelik A/S | 59,514 | 252 |
| * | Migros Ticaret A/S | 38,712 | 252 |
| | Akcansa Cimento A/S | 104,738 | 248 |
| | Coca-Cola Icecek A/S | 26,410 | 244 |
| | | Shares | Market
Value•
($000) |
| *,2 | MLP Saglik Hizmetleri A/S | 69,471 | 243 |
| | AG Anadolu Grubu Holding A/S | 51,361 | 237 |
| * | Turkiye Vakiflar Bankasi TAO Class D | 503,534 | 232 |
| | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class D | 325,697 | 209 |
| | Koza Altin Isletmeleri A/S | 19,560 | 205 |
| * | Pegasus Hava Tasimaciligi A/S | 11,507 | 198 |
| | Bera Holding A/S | 154,140 | 190 |
| | Aksa Akrilik Kimya Sanayii A/S | 50,201 | 188 |
| | Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 733,255 | 174 |
| 2 | Mavi Giyim Sanayi Ve Ticaret A/S Class B | 36,334 | 170 |
| | Alarko Holding A/S | 41,515 | 143 |
| | Polisan Holding A/S | 271,018 | 143 |
| | Tekfen Holding A/S | 74,320 | 132 |
| | Kervan Gida Sanayi Ve Ticaret A/S | 130,593 | 131 |
| 2 | Enerjisa Enerji A/S | 116,815 | 129 |
| | Dogan Sirketler Grubu Holding A/S | 389,279 | 125 |
| | Borusan Yatirim ve Pazarlama A/S | 3,077 | 123 |
| | Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 88,679 | 113 |
| * | Turkiye Halk Bankasi A/S | 242,994 | 108 |
| | Turk Telekomunikasyon A/S | 160,573 | 107 |
| | Iskenderun Demir ve Celik A/S | 77,436 | 106 |
| * | Zorlu Enerji Elektrik Uretim A/S | 410,334 | 104 |
| | Otokar Otomotiv Ve Savunma Sanayi A/S | 3,623 | 103 |
| * | Sok Marketler Ticaret A/S | 80,871 | 103 |
| * | Koza Anadolu Metal Madencilik Isletmeleri A/S | 59,315 | 102 |
| | Cimsa Cimento Sanayi VE Ticaret A/S | 24,853 | 102 |
| | Turk Traktor ve Ziraat Makineleri A/S | 4,701 | 96 |
| * | Turkiye Sinai Kalkinma Bankasi A/S | 560,984 | 91 |
| * | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 74,746 | 86 |
| * | Is Gayrimenkul Yatirim Ortakligi A/S | 196,743 | 81 |
| * | NET Holding A/S | 95,198 | 74 |
| | EGE Endustri VE Ticaret A/S | 387 | 69 |
| | Nuh Cimento Sanayi A/S | 14,263 | 67 |
| * | Is Finansal Kiralama A/S | 144,080 | 66 |
| | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | 60,942 | 65 |
| * | Konya Cimento Sanayii A/S | 506 | 65 |
| | | Shares | Market
Value•
($000) |
| | Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S | 55,000 | 60 |
| | Is Yatirim Menkul Degerler A/S | 29,494 | 57 |
| | Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S | 21,814 | 55 |
| * | Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A/S | 35,502 | 52 |
| | Ziraat Gayrimenkul Yatirim Ortakligi A/S | 217,816 | 51 |
| | Vestel Elektronik Sanayi ve Ticaret A/S | 20,037 | 50 |
| | Dogus Otomotiv Servis ve Ticaret A/S | 7,386 | 49 |
| | Kordsa Teknik Tekstil A/S | 12,974 | 45 |
| | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class A | 81,746 | 42 |
| * | Sinpas Gayrimenkul Yatirim Ortakligi A/S | 140,921 | 41 |
| * | Sekerbank Turk A/S | 330,447 | 36 |
| | Aygaz A/S | 8,840 | 28 |
| * | Torunlar Gayrimenkul Yatirim Ortakligi A/S | 26,089 | 17 |
| * | Aksigorta A/S | 123,828 | 17 |
| | Kartonsan Karton Sanayi ve Ticaret A/S | 3,436 | 17 |
| * | Aksigorta As Rights Exp. 11/10/22 | 123,828 | 17 |
| * | Albaraka Turk Katilim Bankasi A/S | 90,057 | 11 |
| | Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S | 8,867 | 8 |
| *,3 | Asya Katilim Bankasi A/S | 147,465 | — |
| | | | 27,606 |
| United Arab Emirates (0.2%) |
| | Emirates Telecommunications Group Co. PJSC | 1,753,979 | 12,327 |
| | First Abu Dhabi Bank PJSC | 2,205,046 | 10,753 |
| * | Alpha Dhabi Holding PJSC | 661,936 | 4,416 |
| | Abu Dhabi Commercial Bank PJSC | 1,650,864 | 4,250 |
| | Emaar Properties PJSC | 1,975,226 | 3,261 |
| | Dubai Islamic Bank PJSC | 1,439,036 | 2,280 |
| | Aldar Properties PJSC | 1,791,939 | 2,108 |
| | Abu Dhabi Islamic Bank PJSC | 756,016 | 1,956 |
| * | Multiply Group | 1,623,797 | 1,751 |
| | Abu Dhabi National Oil Co. for Distribution PJSC | 1,376,625 | 1,692 |
| | Dubai Electricity & Water Authority PJSC | 1,836,074 | 1,220 |
| * | Q Holding PJSC | 997,835 | 1,075 |
| | Fertiglobe plc | 550,735 | 763 |
| | ADNOC Drilling Co. PJSC | 761,364 | 694 |
| | Borouge plc | 891,320 | 659 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Abu Dhabi Ports Co. PJSC | 424,123 | 655 |
| | Air Arabia PJSC | 1,163,146 | 646 |
| | Dubai Investments PJSC | 992,931 | 589 |
| * | Emaar Development PJSC | 417,914 | 487 |
| | Dana Gas PJSC | 1,726,644 | 442 |
| | AL Yah Satellite Communications Co-Pjsc-Yah Sat | 570,234 | 425 |
| | GFH Financial Group BSC | 1,509,337 | 366 |
| | Sharjah Islamic Bank | 598,456 | 319 |
| | Dubai Financial Market PJSC | 701,696 | 270 |
| * | Apex Investments Co. PSC | 244,199 | 255 |
| * | Al Seer Marine Supplies + Eq | 73,363 | 181 |
| | Aramex PJSC | 132,235 | 131 |
| * | RAK Properties PJSC | 603,454 | 121 |
| *,3 | Arabtec Holding PJSC | 245,437 | 35 |
| *,3 | Drake & Scull International PJSC | 114,862 | 12 |
| | | | 54,139 |
| United Kingdom (4.1%) |
| | Shell plc (XLON) | 3,696,746 | 102,406 |
| | AstraZeneca plc | 746,316 | 87,567 |
| | Linde plc | 254,080 | 75,551 |
| | Unilever plc (XLON) | 1,281,611 | 58,255 |
| | HSBC Holdings plc | 10,185,006 | 52,270 |
| | BP plc | 9,373,203 | 51,858 |
| | Diageo plc | 1,139,108 | 46,877 |
| | British American Tobacco plc | 1,130,548 | 44,649 |
| | Glencore plc | 6,632,070 | 38,022 |
| | GSK plc | 2,020,188 | 33,093 |
| | Rio Tinto plc | 550,667 | 28,779 |
| | RELX plc | 931,703 | 25,026 |
| | Reckitt Benckiser Group plc | 362,613 | 24,064 |
| | National Grid plc | 1,840,549 | 20,053 |
| | Compass Group plc | 898,592 | 18,926 |
| | Anglo American plc | 613,498 | 18,377 |
| | Lloyds Banking Group plc | 34,600,051 | 16,617 |
| | London Stock Exchange Group plc | 184,726 | 16,012 |
| | BAE Systems plc | 1,615,677 | 15,112 |
| | Vodafone Group plc | 12,797,385 | 14,940 |
| | Experian plc | 466,479 | 14,874 |
| | CRH plc (XDUB) | 392,218 | 14,090 |
| | Barclays plc | 8,195,130 | 13,926 |
| | Prudential plc (XLON) | 1,392,722 | 12,938 |
| * | Flutter Entertainment plc (XDUB) | 89,759 | 11,897 |
| | Ashtead Group plc | 226,219 | 11,784 |
| | Imperial Brands plc | 479,711 | 11,685 |
| | Ferguson plc | 106,928 | 11,661 |
| | SSE plc | 548,978 | 9,811 |
| | Tesco plc | 3,822,976 | 9,442 |
| 1 | Rentokil Initial plc | 1,390,337 | 8,676 |
| | Legal & General Group plc | 3,083,623 | 8,250 |
| * | Haleon plc | 2,533,292 | 7,768 |
| | Standard Chartered plc | 1,245,396 | 7,441 |
| | NatWest Group plc | 2,607,682 | 7,023 |
| | Aviva plc | 1,443,302 | 6,923 |
| | 3i Group plc | 483,665 | 6,442 |
| | Bunzl plc | 172,766 | 5,630 |
| | Segro plc | 610,276 | 5,493 |
| | | Shares | Market
Value•
($000) |
| | Croda International plc | 69,012 | 5,346 |
| | BT Group plc | 3,533,313 | 5,265 |
| | Informa plc | 820,390 | 5,227 |
| | Smith & Nephew plc | 442,157 | 5,225 |
| | InterContinental Hotels Group plc | 95,329 | 5,122 |
| | WPP plc | 554,505 | 4,880 |
| | Halma plc | 196,928 | 4,775 |
| | Spirax-Sarco Engineering plc | 38,274 | 4,717 |
| | Smurfit Kappa Group plc | 137,443 | 4,533 |
| | Sage Group plc | 529,217 | 4,411 |
| | Entain plc | 299,371 | 4,331 |
| | Mondi plc (XLON) | 253,711 | 4,257 |
| | Burberry Group plc | 202,603 | 4,222 |
| | Pearson plc | 364,276 | 4,026 |
| | United Utilities Group plc | 362,541 | 3,907 |
| * | Rolls-Royce Holdings plc | 4,308,352 | 3,864 |
| | Next plc | 65,965 | 3,726 |
| | Severn Trent plc | 125,438 | 3,600 |
| | Intertek Group plc | 85,138 | 3,567 |
| | Admiral Group plc | 147,309 | 3,407 |
| | Whitbread plc | 110,434 | 3,250 |
| | Smiths Group plc | 181,329 | 3,248 |
| | St. James's Place plc | 256,560 | 3,133 |
| 2 | Auto Trader Group plc | 500,856 | 2,998 |
| | Melrose Industries plc | 2,208,148 | 2,962 |
| | Centrica plc | 3,148,578 | 2,767 |
| | Kingfisher plc | 1,070,448 | 2,689 |
| | DCC plc | 47,219 | 2,621 |
| | Associated British Foods plc | 168,556 | 2,613 |
| | Rightmove plc | 456,662 | 2,572 |
| | Persimmon plc | 170,515 | 2,552 |
| | M&G plc | 1,254,078 | 2,520 |
| | Electrocomponents plc | 227,011 | 2,498 |
| | Phoenix Group Holdings plc | 391,026 | 2,434 |
| | Weir Group plc | 137,052 | 2,388 |
| | Barratt Developments plc | 543,308 | 2,343 |
| | Taylor Wimpey plc | 2,169,552 | 2,333 |
| | Antofagasta plc | 167,969 | 2,263 |
| | Land Securities Group plc | 342,500 | 2,240 |
| | Abrdn plc | 1,207,063 | 2,200 |
| | Johnson Matthey plc | 96,267 | 2,137 |
| | Coca-Cola HBC AG | 96,097 | 2,099 |
| | DS Smith plc | 626,686 | 2,090 |
| | AVEVA Group plc | 58,327 | 2,087 |
| | Beazley plc | 288,489 | 2,069 |
| | Berkeley Group Holdings plc | 51,027 | 2,030 |
| 2 | ConvaTec Group plc | 790,623 | 1,978 |
| | J Sainsbury plc | 839,961 | 1,872 |
| | British Land Co. plc | 443,857 | 1,862 |
| | IG Group Holdings plc | 202,766 | 1,849 |
| | Spectris plc | 53,159 | 1,842 |
| * | Wise plc Class A | 238,666 | 1,818 |
| | HomeServe plc | 133,263 | 1,814 |
| | IMI plc | 126,303 | 1,779 |
| | Dechra Pharmaceuticals plc | 57,907 | 1,741 |
| | Schroders plc | 381,192 | 1,712 |
| | Diploma plc | 59,664 | 1,697 |
| | B&M European Value Retail SA | 449,130 | 1,660 |
| | UNITE Group plc | 160,705 | 1,642 |
| | | Shares | Market
Value•
($000) |
| | Howden Joinery Group plc | 276,941 | 1,631 |
| | Hargreaves Lansdown plc | 185,257 | 1,619 |
| | Man Group plc | 650,492 | 1,618 |
| | Hiscox Ltd. | �� 156,290 | 1,610 |
| | Intermediate Capital Group plc | 132,150 | 1,609 |
| | Inchcape plc | 186,228 | 1,589 |
| | Tate & Lyle plc | 195,189 | 1,568 |
| | Investec plc | 311,537 | 1,561 |
| | Harbour Energy plc | 359,084 | 1,558 |
| | Endeavour Mining plc | 87,641 | 1,524 |
| * | Ocado Group plc | 276,467 | 1,499 |
| | Tritax Big Box REIT plc | 904,554 | 1,454 |
| | Direct Line Insurance Group plc | 626,553 | 1,448 |
| | ITV plc | 1,772,084 | 1,364 |
| | JD Sports Fashion plc | 1,187,365 | 1,327 |
| | Rotork plc | 422,275 | 1,238 |
| | Bellway plc | 57,795 | 1,229 |
| | Pennon Group plc | 126,026 | 1,211 |
| * | Marks & Spencer Group plc | 969,972 | 1,175 |
| * | Indivior plc | 62,057 | 1,175 |
| | Hikma Pharmaceuticals plc | 80,599 | 1,157 |
| | Games Workshop Group plc | 15,682 | 1,151 |
| | Derwent London plc | 46,318 | 1,146 |
| | Drax Group plc | 189,617 | 1,132 |
| | QinetiQ Group plc | 274,201 | 1,130 |
| | Greggs plc | 47,694 | 1,106 |
| | Serco Group plc | 577,013 | 1,079 |
| | Balfour Beatty plc | 313,400 | 1,074 |
| | Energean plc | 65,159 | 1,071 |
| 1 | Mediclinic International plc | 183,024 | 1,041 |
| | Big Yellow Group plc | 80,313 | 1,033 |
| | Britvic plc | 122,598 | 1,024 |
| | LXI REIT plc | 728,044 | 1,016 |
| *,2 | Watches of Switzerland Group plc | 113,245 | 1,010 |
| | Travis Perkins plc | 106,011 | 999 |
| | Safestore Holdings plc | 94,263 | 977 |
| | Genus plc | 33,186 | 970 |
| | Royal Mail plc | 418,491 | 968 |
| | Virgin Money UK plc | 613,356 | 956 |
| | Plus500 Ltd. | 45,650 | 944 |
| | LondonMetric Property plc | 435,841 | 935 |
| | Hays plc | 739,153 | 932 |
| | Micro Focus International plc | 156,245 | 932 |
| * | Oxford Nanopore Technologies plc | 305,601 | 921 |
| *,2 | Network International Holdings plc | 242,762 | 909 |
| * | Playtech plc | 152,463 | 906 |
| | Assura plc | 1,403,389 | 899 |
| | OSB Group plc | 185,041 | 882 |
| | Euromoney Institutional Investor plc | 52,877 | 878 |
| | Grainger plc | 335,312 | 872 |
| *,2 | Trainline plc | 228,244 | 869 |
| * | SSP Group plc | 367,526 | 855 |
| | TP ICAP Group plc | 405,218 | 855 |
| 1 | TUI AG | 556,589 | 840 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Spirent Communications plc | 279,479 | 830 |
| | Close Brothers Group plc | 73,354 | 826 |
| | Cranswick plc | 24,091 | 823 |
| * | WH Smith plc | 60,795 | 822 |
| | Dr. Martens plc | 288,620 | 821 |
| | Telecom Plus plc | 33,610 | 817 |
| | Grafton Group plc | 100,918 | 799 |
| | Softcat plc | 61,616 | 792 |
| | Computacenter plc | 38,025 | 789 |
| | Future plc | 55,725 | 781 |
| *,1 | International Consolidated Airlines Group SA | 555,291 | 773 |
| | Primary Health Properties plc | 603,540 | 769 |
| | Pets at Home Group plc | 228,449 | 755 |
| | Fresnillo plc | 89,975 | 752 |
| | Victrex plc | 38,869 | 738 |
| | Vistry Group plc | 104,281 | 722 |
| | Supermarket Income REIT plc | 601,448 | 707 |
| | Pagegroup plc | 146,062 | 705 |
| | Airtel Africa plc | 536,580 | 695 |
| 2 | Quilter plc | 622,702 | 690 |
| | Lancashire Holdings Ltd. | 120,429 | 683 |
| | Renishaw plc | 16,740 | 672 |
| * | Darktrace plc | 163,139 | 668 |
| * | easyJet plc | 164,717 | 656 |
| | Rathbones Group plc | 29,669 | 638 |
| | Great Portland Estates plc | 107,092 | 631 |
| * | Carnival plc | 77,246 | 614 |
| * | Frasers Group plc | 82,705 | 614 |
| | Savills plc | 64,523 | 610 |
| *,2 | Countryside Partnerships plc | 250,056 | 609 |
| *,2 | Deliveroo plc Class A | 592,663 | 594 |
| | Domino's Pizza Group plc | 224,866 | 582 |
| | Diversified Energy Co. plc | 395,271 | 571 |
| | Shaftesbury plc | 134,373 | 564 |
| * | S4 Capital plc | 280,007 | 564 |
| | Paragon Banking Group plc | 114,753 | 561 |
| | Mitie Group plc | 656,581 | 539 |
| * | John Wood Group plc | 335,430 | 539 |
| | Redrow plc | 109,559 | 527 |
| * | IWG plc | 348,280 | 526 |
| | Oxford Instruments plc | 23,958 | 524 |
| | Moneysupermarket.com Group plc | 247,986 | 522 |
| * | National Express Group plc | 268,836 | 521 |
| | Ashmore Group plc | 214,450 | 508 |
| | Centamin plc | 496,741 | 505 |
| | Bank of Georgia Group plc | 20,589 | 502 |
| | Dunelm Group plc | 49,183 | 488 |
| 2 | JTC plc | 60,444 | 486 |
| | Ninety One plc | 208,119 | 484 |
| 1 | Hammerson plc | 2,204,086 | 483 |
| | Chemring Group plc | 138,188 | 479 |
| * | Helios Towers plc | 331,314 | 476 |
| | AJ Bell plc | 126,788 | 472 |
| | Capital & Counties Properties plc | 380,002 | 466 |
| | Coats Group plc | 662,001 | 459 |
| | | Shares | Market
Value•
($000) |
| 2 | Biffa plc | 95,913 | 451 |
| | Hill & Smith Holdings plc | 39,835 | 450 |
| * | Capricorn Energy plc | 157,624 | 448 |
| | Kainos Group plc | 31,429 | 446 |
| | Bodycote plc | 78,066 | 444 |
| | Redde Northgate plc | 112,792 | 431 |
| | Premier Foods plc | 360,487 | 429 |
| * | Ascential plc | 194,524 | 428 |
| | Sirius Real Estate Ltd. | 526,791 | 426 |
| | Vesuvius plc | 105,248 | 409 |
| | Clarkson plc | 12,919 | 409 |
| | Essentra plc | 156,794 | 404 |
| | Morgan Advanced Materials plc | 142,816 | 402 |
| | IntegraFin Holdings plc | 136,137 | 393 |
| * | C&C Group plc | 209,451 | 393 |
| | Firstgroup plc | 326,650 | 392 |
| | Currys plc | 516,854 | 386 |
| | TBC Bank Group plc | 17,851 | 385 |
| * | Babcock International Group plc | 119,058 | 376 |
| | Bytes Technology Group plc (XLON) | 90,599 | 373 |
| | Home REIT plc | 383,901 | 370 |
| * | ASOS plc | 55,870 | 360 |
| | IP Group plc | 521,288 | 351 |
| * | Auction Technology Group plc | 40,365 | 345 |
| 2 | Ibstock plc | 192,672 | 344 |
| | Marshalls plc | 117,118 | 339 |
| | Workspace Group plc | 70,681 | 331 |
| | Just Group plc | 494,999 | 329 |
| 2 | Petershill Partners plc | 144,420 | 328 |
| * | Petrofac Ltd. (XLON) | 258,658 | 319 |
| | Senior plc | 213,364 | 318 |
| | Morgan Sindall Group plc | 17,418 | 307 |
| | Volution Group plc | 86,436 | 306 |
| 2 | ContourGlobal plc | 105,751 | 306 |
| | Picton Property Income Ltd. | 307,086 | 303 |
| | BMO Commercial Property Trust Ltd. | 313,967 | 301 |
| * | Elementis plc | 281,773 | 298 |
| | FDM Group Holdings plc | 41,177 | 297 |
| 2 | TI Fluid Systems plc Class B | 183,305 | 291 |
| * | Capita plc | 1,041,842 | 290 |
| * | Tullow Oil plc | 619,593 | 288 |
| | Genuit Group plc | 96,632 | 282 |
| *,2 | Spire Healthcare Group plc | 113,405 | 282 |
| | NCC Group plc | 121,239 | 277 |
| *,1 | THG plc Class B | 446,430 | 272 |
| 2 | Bridgepoint Group plc (Registered) | 115,498 | 264 |
| * | J D Wetherspoon plc | 50,210 | 261 |
| * | Molten Ventures plc | 69,885 | 256 |
| | PZ Cussons plc | 110,790 | 254 |
| | Halfords Group plc | 124,590 | 252 |
| | Devro plc | 121,917 | 250 |
| | AG Barr plc | 48,232 | 249 |
| | Liontrust Asset Management plc | 25,212 | 247 |
| | UK Commercial Property REIT Ltd. | 349,353 | 245 |
| | Crest Nicholson Holdings plc | 104,048 | 241 |
| | Avon Protection plc | 20,185 | 240 |
| | Rhi Magnesita NV | 11,261 | 239 |
| | Wickes Group plc | 163,541 | 238 |
| | | Shares | Market
Value•
($000) |
| *,2 | Wizz Air Holdings plc | 11,867 | 233 |
| | 888 Holdings plc | 214,674 | 229 |
| | Synthomer plc | 172,925 | 224 |
| *,2 | Aston Martin Lagonda Global Holdings plc | 184,104 | 222 |
| | Hilton Food Group plc | 30,853 | 216 |
| * | Moonpig Group plc | 136,784 | 215 |
| | Helical plc | 55,409 | 210 |
| | Jupiter Fund Management plc | 173,949 | 207 |
| | Provident Financial plc | 103,065 | 193 |
| | Keller Group plc | 25,893 | 186 |
| * | Greencore Group plc | 232,499 | 179 |
| * | Marston's plc | 423,751 | 170 |
| *,2 | Trustpilot Group plc | 135,160 | 168 |
| | Ferrexpo plc | 135,795 | 159 |
| * | PureTech Health plc | 58,134 | 154 |
| * | Mitchells & Butlers plc | 112,927 | 151 |
| | XP Power Ltd. | 7,327 | 147 |
| 2 | CMC Markets plc | 46,417 | 131 |
| | CLS Holdings plc | 71,863 | 118 |
| * | Alphawave IP Group plc | 89,173 | 115 |
| * | Restaurant Group plc | 290,865 | 106 |
| * | SIG plc | 283,997 | 102 |
| * | Oxford Biomedica plc | 26,565 | 98 |
| | Hochschild Mining plc | 158,826 | 97 |
| * | Rank Group plc | 100,345 | 60 |
| *,1 | AO World plc | 101,244 | 52 |
| 2 | Bakkavor Group plc | 46,001 | 48 |
| 2 | Alfa Financial Software Holdings plc | 18,397 | 32 |
| 3 | Evraz plc | 272,365 | — |
| *,3 | NMC Health plc | 26,225 | — |
| *,2,3 | Finablr plc | 58,416 | — |
| *,3 | Carillion plc | 88,745 | — |
| | | | 1,271,804 |
| United States (61.1%) |
| | Apple Inc. | 7,730,456 | 1,185,388 |
| | Microsoft Corp. | 3,783,114 | 878,174 |
| * | Amazon.com Inc. | 4,496,718 | 460,644 |
| * | Tesla Inc. | 1,287,311 | 292,915 |
| * | Alphabet Inc. Class A | 3,078,698 | 290,968 |
| | UnitedHealth Group Inc. | 472,638 | 262,385 |
| * | Alphabet Inc. Class C | 2,696,227 | 255,225 |
| | Exxon Mobil Corp. | 2,108,974 | 233,695 |
| | Johnson & Johnson | 1,327,776 | 230,993 |
| * | Berkshire Hathaway Inc. Class B | 745,958 | 220,125 |
| | JPMorgan Chase & Co. | 1,473,037 | 185,426 |
| | Chevron Corp. | 993,154 | 179,662 |
| | Visa Inc. Class A | 831,498 | 172,253 |
| | NVIDIA Corp. | 1,215,673 | 164,079 |
| | Procter & Gamble Co. | 1,207,101 | 162,560 |
| | Home Depot Inc. | 522,650 | 154,772 |
| | Eli Lilly & Co. | 426,082 | 154,280 |
| | Mastercard Inc. Class A | 434,611 | 142,631 |
| | Pfizer Inc. | 2,858,170 | 133,048 |
| | AbbVie Inc. | 892,104 | 130,604 |
| | Merck & Co. Inc. | 1,277,736 | 129,307 |
| | Bank of America Corp. | 3,544,370 | 127,739 |
| | PepsiCo Inc. | 696,169 | 126,410 |
| | Coca-Cola Co. | 1,970,519 | 117,936 |
| | Costco Wholesale Corp. | 223,824 | 112,248 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Meta Platforms Inc. Class A | 1,161,391 | 108,195 |
| | Walmart Inc. | 728,497 | 103,687 |
| | McDonald's Corp. | 372,823 | 101,654 |
| | Thermo Fisher Scientific Inc. | 196,582 | 101,037 |
| * | Walt Disney Co. | 919,848 | 98,001 |
| | Cisco Systems Inc. | 2,094,881 | 95,170 |
| | Broadcom Inc. | 199,661 | 93,865 |
| | Accenture plc Class A | 320,382 | 90,956 |
| | Wells Fargo & Co. | 1,916,820 | 88,155 |
| | Abbott Laboratories | 863,877 | 85,472 |
| | Bristol-Myers Squibb Co. | 1,075,598 | 83,327 |
| | Danaher Corp. | 325,682 | 81,964 |
| | ConocoPhillips | 643,259 | 81,109 |
| | Verizon Communications Inc. | 2,124,288 | 79,385 |
| * | Salesforce Inc. | 486,150 | 79,043 |
| | NextEra Energy Inc. | 990,848 | 76,791 |
| * | Adobe Inc. | 238,378 | 75,923 |
| | Texas Instruments Inc. | 465,665 | 74,800 |
| | Amgen Inc. | 269,654 | 72,901 |
| | Philip Morris International Inc. | 782,132 | 71,839 |
| * | Raytheon Technologies Corp. | 750,488 | 71,161 |
| | Comcast Corp. Class A | 2,210,672 | 70,167 |
| | Honeywell International Inc. | 338,557 | 69,072 |
| | QUALCOMM Inc. | 565,208 | 66,502 |
| | Elevance Health Inc. | 121,489 | 66,427 |
| | AT&T Inc. | 3,618,184 | 65,959 |
| * | Netflix Inc. | 221,254 | 64,580 |
| | Lowe's Cos. Inc. | 322,470 | 62,866 |
| | International Business Machines Corp. | 454,472 | 62,849 |
| | CVS Health Corp. | 662,321 | 62,722 |
| | Union Pacific Corp. | 317,437 | 62,580 |
| | United Parcel Service Inc. Class B (XNYS) | 370,909 | 62,227 |
| | Charles Schwab Corp. | 766,549 | 61,071 |
| | Intuit Inc. | 139,505 | 59,638 |
| | Oracle Corp. | 762,193 | 59,504 |
| | Medtronic plc | 674,862 | 58,942 |
| | Intel Corp. | 2,062,514 | 58,637 |
| | Lockheed Martin Corp. | 119,463 | 58,140 |
| | Goldman Sachs Group Inc. | 167,256 | 57,621 |
| | Caterpillar Inc. | 266,068 | 57,593 |
| | NIKE Inc. Class B | 619,118 | 57,380 |
| | Deere & Co. | 141,599 | 56,048 |
| | S&P Global Inc. | 167,861 | 53,925 |
| | Morgan Stanley | 629,546 | 51,730 |
| | Prologis Inc. | 465,209 | 51,522 |
| | Automatic Data Processing Inc. | 210,176 | 50,800 |
| | Starbucks Corp. | 579,315 | 50,163 |
| | Gilead Sciences Inc. | 636,054 | 49,905 |
| * | Berkshire Hathaway Inc. Class A | 111 | 49,401 |
| * | Advanced Micro Devices Inc. | 816,982 | 49,068 |
| | BlackRock Inc. | 75,875 | 49,008 |
| * | PayPal Holdings Inc. | 585,499 | 48,936 |
| | Cigna Corp. | 150,941 | 48,763 |
| | American Tower Corp. | 234,308 | 48,546 |
| * | T-Mobile US Inc. | 299,657 | 45,416 |
| | Chubb Ltd. | 209,512 | 45,022 |
| | | Shares | Market
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($000) |
| | American Express Co. | 303,277 | 45,021 |
| * | Intuitive Surgical Inc. | 181,173 | 44,654 |
| | Citigroup Inc. | 973,594 | 44,649 |
| | General Electric Co. | 553,133 | 43,039 |
| | TJX Cos. Inc. | 592,558 | 42,723 |
| * | ServiceNow Inc. | 101,531 | 42,718 |
| | Mondelez International Inc. Class A | 692,600 | 42,581 |
| | Altria Group Inc. | 911,744 | 42,186 |
| | Marsh & McLennan Cos. Inc. | 252,777 | 40,821 |
| | Stryker Corp. | 177,289 | 40,642 |
| * | Vertex Pharmaceuticals Inc. | 130,139 | 40,603 |
| | Northrop Grumman Corp. | 73,895 | 40,569 |
| | EOG Resources Inc. | 296,306 | 40,452 |
| * | Boeing Co. | 277,522 | 39,550 |
| * | Regeneron Pharmaceuticals Inc. | 52,445 | 39,268 |
| | Applied Materials Inc. | 440,000 | 38,848 |
| * | Target Corp. | 233,733 | 38,391 |
| | Progressive Corp. | 293,827 | 37,727 |
| * | Booking Holdings Inc. | 20,109 | 37,593 |
| | Schlumberger NV | 719,109 | 37,415 |
| | Analog Devices Inc. | 262,102 | 37,381 |
| | 3M Co. | 286,781 | 36,074 |
| | Duke Energy Corp. | 386,287 | 35,994 |
| | Zoetis Inc. | 238,627 | 35,980 |
| | Humana Inc. | 63,744 | 35,574 |
| | Southern Co. | 533,525 | 34,935 |
| | Becton Dickinson and Co. | 142,513 | 33,629 |
| | PNC Financial Services Group Inc. | 206,640 | 33,441 |
| | Illinois Tool Works Inc. | 155,447 | 33,193 |
| | Waste Management Inc. | 208,961 | 33,093 |
| | Blackstone Inc. | 354,556 | 32,314 |
| | CSX Corp. | 1,080,200 | 31,391 |
| | CME Group Inc. | 180,625 | 31,302 |
| | Pioneer Natural Resources Co. | 120,582 | 30,918 |
| * | Boston Scientific Corp. | 716,998 | 30,910 |
| | Colgate-Palmolive Co. | 416,340 | 30,743 |
| | General Dynamics Corp. | 122,919 | 30,705 |
| * | Fiserv Inc. | 297,495 | 30,565 |
| | Eaton Corp. plc | 201,892 | 30,298 |
| | Micron Technology Inc. | 557,658 | 30,169 |
| | Occidental Petroleum Corp. | 415,107 | 30,137 |
| | Truist Financial Corp. | 667,914 | 29,916 |
| | Aon plc Class A (XNYS) | 105,738 | 29,764 |
| | Dollar General Corp. | 114,898 | 29,305 |
| | Dominion Energy Inc. | 417,457 | 29,209 |
| | Crown Castle Inc. | 218,311 | 29,092 |
| | General Motors Co. | 731,458 | 28,710 |
| | Marathon Petroleum Corp. | 252,513 | 28,691 |
| | McKesson Corp. | 73,495 | 28,617 |
| | US Bancorp | 673,343 | 28,583 |
| | Activision Blizzard Inc. | 389,957 | 28,389 |
| | Lam Research Corp. | 69,460 | 28,116 |
| | Air Products and Chemicals Inc. | 111,629 | 27,952 |
| | Archer-Daniels-Midland Co. | 283,796 | 27,523 |
| | Sherwin-Williams Co. | 120,907 | 27,208 |
| | | Shares | Market
Value•
($000) |
| | Norfolk Southern Corp. | 118,079 | 26,930 |
| | Ford Motor Co. | 1,999,401 | 26,732 |
| | Intercontinental Exchange Inc. | 278,193 | 26,587 |
| * | O'Reilly Automotive Inc. | 31,606 | 26,460 |
| | Equinix Inc. | 46,043 | 26,081 |
| | Emerson Electric Co. | 299,332 | 25,922 |
| | Devon Energy Corp. | 335,107 | 25,921 |
| * | Moderna Inc. | 171,551 | 25,789 |
| | Fidelity National Information Services Inc. | 308,652 | 25,615 |
| * | Palo Alto Networks Inc. | 148,920 | 25,553 |
| | Phillips 66 | 244,020 | 25,449 |
| * | Uber Technologies Inc. | 956,158 | 25,405 |
| | Valero Energy Corp. | 199,333 | 25,026 |
| * | Snowflake Inc. Class A | 155,148 | 24,870 |
| * | AutoZone Inc. | 9,817 | 24,865 |
| | MetLife Inc. | 337,495 | 24,708 |
| | Public Storage | 79,231 | 24,542 |
| * | Centene Corp. | 287,727 | 24,494 |
| | General Mills Inc. | 299,799 | 24,458 |
| | HCA Healthcare Inc. | 110,854 | 24,107 |
| * | DexCom Inc. | 199,528 | 24,099 |
| | L3Harris Technologies Inc. | 97,745 | 24,091 |
| | Corteva Inc. | 365,691 | 23,894 |
| * | Autodesk Inc. | 110,585 | 23,698 |
| | Sempra Energy (XNYS) | 155,699 | 23,501 |
| | Estee Lauder Cos. Inc. Class A | 116,709 | 23,399 |
| | Freeport-McMoRan Inc. | 725,574 | 22,993 |
| | American Electric Power Co. Inc. | 259,725 | 22,835 |
| | KLA Corp. | 72,100 | 22,816 |
| * | Edwards Lifesciences Corp. | 312,913 | 22,664 |
| * | Synopsys Inc. | 77,088 | 22,552 |
| | Amphenol Corp. Class A | 295,010 | 22,371 |
| | Marriott International Inc. Class A | 139,453 | 22,328 |
| | Cheniere Energy Inc. | 126,218 | 22,266 |
| | Sysco Corp. | 256,709 | 22,221 |
| | Roper Technologies Inc. | 53,224 | 22,063 |
| | Moody's Corp. | 83,086 | 22,007 |
| * | Travelers Cos. Inc. | 119,053 | 21,961 |
| | American International Group Inc. | 384,902 | 21,939 |
| * | Airbnb Inc. Class A | 198,883 | 21,263 |
| * | Chipotle Mexican Grill Inc. Class A | 14,097 | 21,122 |
| | Kimberly-Clark Corp. | 169,628 | 21,112 |
| | Agilent Technologies Inc. | 152,015 | 21,031 |
| * | MercadoLibre Inc. | 23,304 | 21,011 |
| * | Biogen Inc. | 73,966 | 20,965 |
| * | Cadence Design Systems Inc. | 138,063 | 20,901 |
| | Motorola Solutions Inc. | 82,939 | 20,711 |
| * | Charter Communications Inc. Class A | 56,105 | 20,625 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Capital One Financial Corp. | 193,570 | 20,522 |
| | Aflac Inc. | 312,651 | 20,357 |
| * | Enphase Energy Inc. | 66,224 | 20,331 |
| | Johnson Controls International plc | 351,507 | 20,331 |
| | Williams Cos. Inc. | 618,376 | 20,239 |
| | Hess Corp. | 142,065 | 20,043 |
| | TE Connectivity Ltd. | 162,338 | 19,843 |
| | Ecolab Inc. | 125,851 | 19,767 |
| | Arthur J Gallagher & Co. | 105,261 | 19,692 |
| * | IQVIA Holdings Inc. | 93,515 | 19,607 |
| | Prudential Financial Inc. | 186,073 | 19,573 |
| | FedEx Corp. | 121,615 | 19,492 |
| | NXP Semiconductors NV | 133,099 | 19,443 |
| | Realty Income Corp. | 311,924 | 19,424 |
| | Exelon Corp. | 502,409 | 19,388 |
| | Paychex Inc. | 163,608 | 19,356 |
| | Parker-Hannifin Corp. | 65,014 | 18,894 |
| | Constellation Brands Inc. Class A | 76,411 | 18,880 |
| | Trane Technologies plc | 118,125 | 18,856 |
| * | Lululemon Athletica Inc. | 56,992 | 18,753 |
| * | Fortinet Inc. | 326,254 | 18,649 |
| | Cintas Corp. | 43,587 | 18,636 |
| | MSCI Inc. Class A | 39,701 | 18,614 |
| | Hilton Worldwide Holdings Inc. | 137,117 | 18,546 |
| * | Illumina Inc. | 79,482 | 18,187 |
| | Simon Property Group Inc. | 166,809 | 18,179 |
| | Kinder Morgan Inc. | 1,000,146 | 18,123 |
| | Xcel Energy Inc. | 275,457 | 17,935 |
| * | Monster Beverage Corp. | 188,405 | 17,657 |
| | Hershey Co. | 73,683 | 17,593 |
| | Electronic Arts Inc. | 139,185 | 17,532 |
| | Nucor Corp. | 132,274 | 17,378 |
| | Cummins Inc. | 70,914 | 17,339 |
| | Marvell Technology Inc. | 433,445 | 17,199 |
| | Allstate Corp. | 136,136 | 17,187 |
| | Yum! Brands Inc. | 144,591 | 17,098 |
| | Halliburton Co. | 469,187 | 17,088 |
| * | Crowdstrike Holdings Inc. Class A | 105,833 | 17,060 |
| | Carrier Global Corp. | 428,728 | 17,046 |
| | Dow Inc. | 364,652 | 17,044 |
| * | Dollar Tree Inc. | 107,522 | 17,042 |
| | Ameriprise Financial Inc. | 54,992 | 16,999 |
| | Microchip Technology Inc. | 274,842 | 16,969 |
| | Ross Stores Inc. | 175,447 | 16,789 |
| | Keurig Dr Pepper Inc. | 432,101 | 16,783 |
| | PACCAR Inc. | 172,399 | 16,693 |
| | Albemarle Corp. | 59,051 | 16,527 |
| | Cognizant Technology Solutions Corp. Class A | 263,939 | 16,430 |
| * | CoStar Group Inc. | 198,479 | 16,418 |
| | ResMed Inc. | 72,893 | 16,305 |
| * | Block Inc. (XNYS) | 268,763 | 16,145 |
| | Consolidated Edison Inc. | 181,116 | 15,931 |
| * | Keysight Technologies Inc. | 91,166 | 15,877 |
| | Global Payments Inc. | 138,814 | 15,861 |
| | Kroger Co. | 331,608 | 15,682 |
| | | Shares | Market
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($000) |
| * | Workday Inc. Class A | 100,607 | 15,677 |
| | VICI Properties Inc. | 489,282 | 15,667 |
| | Bank of New York Mellon Corp. | 371,296 | 15,635 |
| | Constellation Energy Corp. | 164,978 | 15,597 |
| * | Warner Bros Discovery Inc. | 1,196,782 | 15,558 |
| | TransDigm Group Inc. | 26,408 | 15,205 |
| | AMETEK Inc. | 117,074 | 15,180 |
| | Otis Worldwide Corp. | 214,273 | 15,136 |
| * | IDEXX Laboratories Inc. | 42,016 | 15,112 |
| * | Arista Networks Inc. | 124,739 | 15,076 |
| | Rockwell Automation Inc. | 58,513 | 14,938 |
| | M&T Bank Corp. | 88,282 | 14,864 |
| | DuPont de Nemours Inc. | 259,507 | 14,844 |
| | SBA Communications Corp. Class A | 54,297 | 14,655 |
| | WEC Energy Group Inc. | 159,275 | 14,547 |
| | Welltower Inc. | 237,454 | 14,494 |
| | Discover Financial Services | 138,693 | 14,488 |
| * | Mettler-Toledo International Inc. | 11,413 | 14,437 |
| | Digital Realty Trust Inc. | 143,457 | 14,382 |
| | Verisk Analytics Inc. Class A | 78,656 | 14,381 |
| | HP Inc. | 518,165 | 14,312 |
| | Public Service Enterprise Group Inc. | 252,223 | 14,142 |
| | Fastenal Co. | 291,210 | 14,074 |
| | KKR & Co. Inc. | 288,606 | 14,035 |
| | Old Dominion Freight Line Inc. | 51,074 | 14,025 |
| * | Atlassian Corp. | 68,839 | 13,956 |
| | Diamondback Energy Inc. | 88,654 | 13,928 |
| | Baxter International Inc. | 254,757 | 13,846 |
| | State Street Corp. | 185,342 | 13,715 |
| | PPG Industries Inc. | 119,898 | 13,690 |
| * | ON Semiconductor Corp. | 222,592 | 13,674 |
| | Republic Services Inc. Class A | 102,822 | 13,636 |
| | Kraft Heinz Co. | 353,308 | 13,592 |
| | WW Grainger Inc. | 23,059 | 13,475 |
| | American Water Works Co. Inc. | 92,262 | 13,409 |
| | ONEOK Inc. | 225,841 | 13,397 |
| | Baker Hughes Co. Class A | 483,015 | 13,360 |
| | Walgreens Boots Alliance Inc. | 364,861 | 13,317 |
| | Eversource Energy | 174,039 | 13,276 |
| | Apollo Global Management Inc. | 231,978 | 12,842 |
| | Newmont Corp. | 303,437 | 12,841 |
| * | Alnylam Pharmaceuticals Inc. | 61,352 | 12,716 |
| | AvalonBay Communities Inc. | 71,785 | 12,571 |
| | International Flavors & Fragrances Inc. | 128,528 | 12,546 |
| | Fifth Third Bancorp | 349,696 | 12,481 |
| | Tractor Supply Co. | 56,710 | 12,463 |
| * | Aptiv plc | 136,841 | 12,462 |
| * | Copart Inc. | 108,048 | 12,428 |
| | Coterra Energy Inc. | 398,640 | 12,410 |
| | | Shares | Market
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($000) |
| | DR Horton Inc. | 161,060 | 12,382 |
| | Corning Inc. | 380,240 | 12,232 |
| | T Rowe Price Group Inc. | 114,932 | 12,201 |
| | Genuine Parts Co. | 68,380 | 12,162 |
| | Alexandria Real Estate Equities Inc. | 83,010 | 12,061 |
| | Willis Towers Watson plc | 55,130 | 12,030 |
| | Zimmer Biomet Holdings Inc. | 105,869 | 12,000 |
| | Hartford Financial Services Group Inc. | 165,165 | 11,960 |
| | Extra Space Storage Inc. | 67,340 | 11,949 |
| | CDW Corp. | 69,091 | 11,940 |
| | Equity Residential | 189,224 | 11,925 |
| * | AmerisourceBergen Corp. Class A | 75,462 | 11,864 |
| * | Gartner Inc. | 39,155 | 11,822 |
| * | Veeva Systems Inc. Class A | 70,331 | 11,811 |
| * | CBRE Group Inc. Class A | 166,320 | 11,799 |
| * | Trade Desk Inc. Class A | 220,899 | 11,761 |
| * | PG&E Corp. | 787,318 | 11,755 |
| | Weyerhaeuser Co. | 378,702 | 11,713 |
| | Raymond James Financial Inc. | 98,448 | 11,631 |
| | Edison International | 190,320 | 11,427 |
| * | United Rentals Inc. | 35,818 | 11,308 |
| | Fortive Corp. | 175,808 | 11,234 |
| | eBay Inc. | 279,322 | 11,128 |
| | Principal Financial Group Inc. | 126,169 | 11,119 |
| | Entergy Corp. | 103,686 | 11,109 |
| | FirstEnergy Corp. | 291,534 | 10,994 |
| * | Ulta Beauty Inc. | 26,210 | 10,992 |
| | DTE Energy Co. | 98,035 | 10,991 |
| | First Republic Bank | 91,470 | 10,986 |
| | Huntington Bancshares Inc. | 719,253 | 10,918 |
| * | Datadog Inc. Class A | 135,544 | 10,913 |
| | Vulcan Materials Co. | 66,526 | 10,890 |
| | Nasdaq Inc. | 174,818 | 10,881 |
| | CF Industries Holdings Inc. | 101,418 | 10,777 |
| * | Zoom Video Communications Inc. Class A | 129,013 | 10,765 |
| | Ameren Corp. | 130,092 | 10,605 |
| | Ingersoll Rand Inc. | 209,989 | 10,604 |
| | Martin Marietta Materials Inc. | 31,494 | 10,581 |
| | Cardinal Health Inc. | 138,910 | 10,543 |
| * | ANSYS Inc. | 47,667 | 10,542 |
| | Regions Financial Corp. | 479,646 | 10,528 |
| * | Arch Capital Group Ltd. | 181,517 | 10,437 |
| | Equifax Inc. | 61,515 | 10,429 |
| | LPL Financial Holdings Inc. | 40,770 | 10,423 |
| | Marathon Oil Corp. | 341,989 | 10,414 |
| * | Molina Healthcare Inc. | 28,820 | 10,342 |
| | Lennar Corp. Class A | 127,493 | 10,289 |
| | Laboratory Corp. of America Holdings | 46,262 | 10,264 |
| * | Quanta Services Inc. | 71,950 | 10,220 |
| | Citizens Financial Group Inc. | 246,995 | 10,102 |
| | VMware Inc. Class A | 89,016 | 10,017 |
| | PPL Corp. | 377,478 | 9,999 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Invitation Homes Inc. | 314,921 | 9,980 |
| | McCormick & Co. Inc. | 126,597 | 9,956 |
| | LyondellBasell Industries NV Class A | 129,428 | 9,895 |
| * | Take-Two Interactive Software Inc. | 83,285 | 9,868 |
| | Kellogg Co. | 128,256 | 9,853 |
| | Tyson Foods Inc. Class A | 143,585 | 9,814 |
| * | EPAM Systems Inc. | 27,600 | 9,660 |
| * | Paycom Software Inc. | 27,623 | 9,558 |
| | Dover Corp. | 72,918 | 9,530 |
| * | VeriSign Inc. | 47,252 | 9,472 |
| * | Teledyne Technologies Inc. | 23,728 | 9,443 |
| | Hewlett Packard Enterprise Co. | 657,243 | 9,379 |
| | Mosaic Co. | 173,168 | 9,308 |
| | Mid-America Apartment Communities Inc. | 59,036 | 9,295 |
| | Xylem Inc. | 90,329 | 9,252 |
| * | Rivian Automotive Inc. Class A | 263,997 | 9,232 |
| | CenterPoint Energy Inc. | 319,429 | 9,139 |
| * | Insulet Corp. | 35,295 | 9,135 |
| | Church & Dwight Co. Inc. | 123,004 | 9,118 |
| | Clorox Co. | 62,386 | 9,111 |
| * | Waters Corp. | 30,303 | 9,066 |
| | AES Corp. | 344,453 | 9,011 |
| | Darden Restaurants Inc. | 62,402 | 8,932 |
| | Northern Trust Corp. | 105,275 | 8,880 |
| | STERIS plc | 51,283 | 8,850 |
| | Broadridge Financial Solutions Inc. | 58,971 | 8,849 |
| | Conagra Brands Inc. | 240,875 | 8,840 |
| * | Seagen Inc. | 69,424 | 8,828 |
| | West Pharmaceutical Services Inc. | 38,009 | 8,746 |
| | PerkinElmer Inc. | 65,395 | 8,735 |
| | Westinghouse Air Brake Technologies Corp. | 93,262 | 8,699 |
| | KeyCorp. | 484,925 | 8,666 |
| | Quest Diagnostics Inc. | 60,006 | 8,620 |
| | Synchrony Financial | 242,216 | 8,613 |
| | IDEX Corp. | 38,681 | 8,599 |
| * | Hologic Inc. | 125,948 | 8,539 |
| | CMS Energy Corp. | 148,648 | 8,480 |
| | Sun Communities Inc. | 62,604 | 8,442 |
| | Targa Resources Corp. | 121,611 | 8,315 |
| | Bio-Techne Corp. | 28,059 | 8,313 |
| | FactSet Research Systems Inc. | 19,408 | 8,258 |
| | Steel Dynamics Inc. | 87,734 | 8,251 |
| | Cincinnati Financial Corp. | 79,800 | 8,245 |
| | Expeditors International of Washington Inc. | 84,180 | 8,237 |
| * | BioMarin Pharmaceutical Inc. | 94,723 | 8,206 |
| * | Palantir Technologies Inc. Class A | 927,049 | 8,149 |
| * | Markel Corp. | 6,729 | 8,116 |
| * | Cloudflare Inc. Class A | 142,767 | 8,041 |
| | | Shares | Market
Value•
($000) |
| | Royalty Pharma plc Class A | 189,162 | 8,005 |
| * | Roblox Corp. Class A | 178,928 | 8,005 |
| * | ICON plc | 40,435 | 8,000 |
| | Ventas Inc. | 204,014 | 7,983 |
| | J M Smucker Co. | 52,453 | 7,903 |
| * | Align Technology Inc. | 40,242 | 7,819 |
| | Omnicom Group Inc. | 107,457 | 7,817 |
| | Monolithic Power Systems Inc. | 23,024 | 7,815 |
| * | First Solar Inc. | 53,571 | 7,798 |
| | Ball Corp. | 157,644 | 7,786 |
| | EQT Corp. | 185,456 | 7,759 |
| * | Trimble Inc. | 128,819 | 7,750 |
| | APA Corp. | 170,435 | 7,748 |
| | NetApp Inc. | 111,809 | 7,745 |
| | Atmos Energy Corp. | 71,907 | 7,662 |
| | FMC Corp. | 63,718 | 7,576 |
| | W R Berkley Corp. | 101,228 | 7,529 |
| | Jacobs Solutions Inc. | 65,241 | 7,517 |
| | Textron Inc. | 109,484 | 7,493 |
| * | Zebra Technologies Corp. Class A | 26,383 | 7,472 |
| | Jack Henry & Associates Inc. | 37,456 | 7,456 |
| | Essex Property Trust Inc. | 33,387 | 7,420 |
| | Iron Mountain Inc. | 148,067 | 7,414 |
| | JB Hunt Transport Services Inc. | 43,064 | 7,367 |
| * | Expedia Group Inc. | 77,989 | 7,290 |
| | WP Carey Inc. REIT | 95,135 | 7,259 |
| * | Pinterest Inc. Class A | 293,941 | 7,231 |
| | Booz Allen Hamilton Holding Corp. Class A | 66,320 | 7,219 |
| * | Akamai Technologies Inc. | 81,155 | 7,168 |
| | Avery Dennison Corp. | 42,219 | 7,158 |
| | Brown & Brown Inc. | 121,414 | 7,138 |
| * | Incyte Corp. | 95,560 | 7,104 |
| | LKQ Corp. | 127,506 | 7,094 |
| * | Horizon Therapeutics plc | 112,901 | 7,036 |
| * | HubSpot Inc. | 23,701 | 7,029 |
| | Leidos Holdings Inc. | 69,182 | 7,028 |
| | Howmet Aerospace Inc. | 197,317 | 7,015 |
| | Skyworks Solutions Inc. | 81,350 | 6,997 |
| | Evergy Inc. | 113,904 | 6,963 |
| | Bunge Ltd. | 70,540 | 6,962 |
| | Best Buy Co. Inc. | 101,622 | 6,952 |
| | Cooper Cos. Inc. | 25,226 | 6,897 |
| * | FleetCor Technologies Inc. | 36,870 | 6,862 |
| * | SVB Financial Group | 29,693 | 6,858 |
| * | Splunk Inc. | 82,243 | 6,835 |
| * | Tyler Technologies Inc. | 20,975 | 6,782 |
| | Host Hotels & Resorts Inc. | 358,791 | 6,774 |
| * | GoDaddy Inc. Class A | 84,075 | 6,760 |
| | Nordson Corp. | 29,949 | 6,739 |
| | Cboe Global Markets Inc. | 53,911 | 6,712 |
| | Texas Pacific Land Corp. | 2,910 | 6,704 |
| | Hormel Foods Corp. | 144,152 | 6,696 |
| * | Bill.com Holdings Inc. | 50,170 | 6,691 |
| | Garmin Ltd. | 75,750 | 6,669 |
| | UDR Inc. | 167,374 | 6,655 |
| | Alliant Energy Corp. | 127,384 | 6,646 |
| * | Check Point Software Technologies Ltd. | 51,248 | 6,623 |
| | | Shares | Market
Value•
($000) |
| | Healthpeak Properties Inc. | 278,065 | 6,598 |
| | Kimco Realty Corp. | 306,362 | 6,550 |
| | Hubbell Inc. Class B | 27,558 | 6,544 |
| | First Horizon Corp. | 266,353 | 6,528 |
| | Teradyne Inc. | 80,176 | 6,522 |
| | NortonLifeLock Inc. (XNGS) | 288,559 | 6,501 |
| | Lamb Weston Holdings Inc. | 75,262 | 6,489 |
| * | SolarEdge Technologies Inc. | 28,180 | 6,482 |
| * | NVR Inc. | 1,526 | 6,467 |
| * | Zscaler Inc. | 41,669 | 6,421 |
| * | Darling Ingredients Inc. | 81,719 | 6,413 |
| | Everest Re Group Ltd. | 19,842 | 6,402 |
| * | Twilio Inc. Class A | 86,009 | 6,396 |
| * | PTC Inc. | 54,166 | 6,382 |
| | Reliance Steel & Aluminum Co. | 31,507 | 6,348 |
| * | ZoomInfo Technologies Inc. Class A | 141,710 | 6,310 |
| * | Las Vegas Sands Corp. | 165,906 | 6,306 |
| | Viatris Inc. | 620,433 | 6,285 |
| * | Match Group Inc. | 145,161 | 6,271 |
| | International Paper Co. | 186,461 | 6,267 |
| | Camden Property Trust | 53,966 | 6,236 |
| | CH Robinson Worldwide Inc. | 63,696 | 6,224 |
| * | Live Nation Entertainment Inc. | 78,132 | 6,220 |
| | RPM International Inc. | 65,615 | 6,205 |
| | Chesapeake Energy Corp. | 60,639 | 6,202 |
| | Brown-Forman Corp. Class B | 90,810 | 6,175 |
| * | Avantor Inc. | 305,850 | 6,169 |
| | Interpublic Group of Cos. Inc. | 205,204 | 6,113 |
| | Gaming and Leisure Properties Inc. | 121,440 | 6,087 |
| | Graco Inc. | 87,025 | 6,055 |
| | Domino's Pizza Inc. | 18,219 | 6,053 |
| | Entegris Inc. | 76,097 | 6,038 |
| * | Fair Isaac Corp. | 12,561 | 6,015 |
| | Carlisle Cos. Inc. | 25,184 | 6,014 |
| * | MongoDB Inc. Class A | 32,714 | 5,988 |
| | MGM Resorts International | 168,308 | 5,987 |
| | Advance Auto Parts Inc. | 31,495 | 5,982 |
| * | Etsy Inc. | 63,703 | 5,982 |
| | Snap-on Inc. | 26,872 | 5,967 |
| * | Equitable Holdings Inc. | 194,853 | 5,966 |
| | Pool Corp. | 19,572 | 5,954 |
| * | Liberty Media Corp.-Liberty Formula One Class C | 102,551 | 5,920 |
| | Stanley Black & Decker Inc. | 75,161 | 5,899 |
| * | Royal Caribbean Cruises Ltd. | 110,241 | 5,885 |
| | SS&C Technologies Holdings Inc. | 113,943 | 5,859 |
| * | Catalent Inc. | 88,770 | 5,835 |
| | Equity LifeStyle Properties Inc. | 91,116 | 5,828 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | TransUnion | 98,108 | 5,815 |
| | Boston Properties Inc. | 79,970 | 5,814 |
| | Ares Management Corp. Class A | 76,507 | 5,802 |
| * | ABIOMED Inc. | 22,900 | 5,773 |
| * | Spotify Technology SA | 71,079 | 5,728 |
| | Toro Co. | 53,633 | 5,655 |
| * | DoorDash Inc. Class A | 129,161 | 5,622 |
| * | Neurocrine Biosciences Inc. | 48,740 | 5,611 |
| * | Western Digital Corp. | 162,634 | 5,590 |
| * | Charles River Laboratories International Inc. | 26,199 | 5,561 |
| | NiSource Inc. | 215,376 | 5,533 |
| | Loews Corp. | 97,005 | 5,531 |
| * | Globe Life Inc. | 47,526 | 5,490 |
| | Fidelity National Financial Inc. | 139,159 | 5,480 |
| | Packaging Corp. of America | 45,389 | 5,456 |
| * | Antero Resources Corp. | 148,793 | 5,455 |
| * | Liberty Broadband Corp. Class C | 63,882 | 5,394 |
| | Paramount Global Inc. Class B | 293,209 | 5,372 |
| | HEICO Corp. | 33,017 | 5,370 |
| * | Shockwave Medical Inc. | 18,180 | 5,329 |
| | Masco Corp. | 114,575 | 5,301 |
| | NRG Energy Inc. | 119,265 | 5,295 |
| | Teleflex Inc. | 24,668 | 5,293 |
| | Celanese Corp. Class A | 54,967 | 5,283 |
| | East West Bancorp Inc. | 73,752 | 5,278 |
| | Credicorp Ltd. | 35,872 | 5,250 |
| * | BJ's Wholesale Club Holdings Inc. | 67,754 | 5,244 |
| *,1 | Coinbase Global Inc. Class A | 79,036 | 5,236 |
| | Huntington Ingalls Industries Inc. | 20,297 | 5,218 |
| | AECOM | 69,156 | 5,206 |
| * | United Therapeutics Corp. | 22,507 | 5,189 |
| * | CarMax Inc. | 81,935 | 5,163 |
| * | Repligen Corp. | 28,068 | 5,122 |
| | Amdocs Ltd. | 59,215 | 5,111 |
| | Essential Utilities Inc. | 115,435 | 5,105 |
| | Juniper Networks Inc. | 166,034 | 5,081 |
| * | Coupang Inc. | 293,351 | 5,066 |
| | Signature Bank | 31,907 | 5,058 |
| | Regency Centers Corp. | 82,953 | 5,019 |
| | Dell Technologies Inc. Class C | 130,604 | 5,015 |
| | Campbell Soup Co. | 94,325 | 4,991 |
| | VF Corp. | 176,297 | 4,980 |
| | Rollins Inc. | 117,836 | 4,959 |
| * | Henry Schein Inc. | 71,392 | 4,887 |
| | First Citizens BancShares Inc. Class A | 5,941 | 4,884 |
| | Reinsurance Group of America Inc. | 33,164 | 4,881 |
| | Coca-Cola Europacific Partners plc | 103,560 | 4,872 |
| | PulteGroup Inc. | 121,103 | 4,843 |
| | Eastman Chemical Co. | 62,984 | 4,838 |
| * | Axon Enterprise Inc. | 33,237 | 4,834 |
| | American Financial Group Inc. | 33,285 | 4,830 |
| | | Shares | Market
Value•
($000) |
| | Rexford Industrial Realty Inc. | 87,190 | 4,820 |
| | American Homes 4 Rent Class A | 150,806 | 4,817 |
| * | DocuSign Inc. Class A | 99,588 | 4,810 |
| * | Builders FirstSource Inc. | 77,906 | 4,804 |
| | Allegion plc | 45,810 | 4,800 |
| * | Deckers Outdoor Corp. | 13,681 | 4,787 |
| * | Burlington Stores Inc. | 33,443 | 4,781 |
| * | Sarepta Therapeutics Inc. | 41,909 | 4,778 |
| | Lincoln National Corp. | 88,309 | 4,757 |
| | Seagate Technology Holdings plc | 95,158 | 4,726 |
| | CubeSmart | 112,785 | 4,722 |
| | Life Storage Inc. | 42,554 | 4,707 |
| | Vistra Corp. | 204,692 | 4,702 |
| | Fortune Brands Home & Security Inc. | 77,920 | 4,700 |
| | Jabil Inc. | 72,986 | 4,689 |
| * | Ceridian HCM Holding Inc. | 70,789 | 4,686 |
| * | Black Knight Inc. | ���77,413 | 4,681 |
| * | Flex Ltd. | 239,028 | 4,680 |
| * | Wolfspeed Inc. | 59,156 | 4,659 |
| | Comerica Inc. | 66,024 | 4,655 |
| * | Zendesk Inc. | 60,495 | 4,639 |
| | Watsco Inc. | 17,099 | 4,633 |
| | BorgWarner Inc. (XNYS) | 123,094 | 4,620 |
| | MarketAxess Holdings Inc. | 18,922 | 4,618 |
| | Unum Group | 100,120 | 4,564 |
| | Genpact Ltd. | 93,916 | 4,555 |
| | Webster Financial Corp. | 83,933 | 4,554 |
| * | Paylocity Holding Corp. | 19,563 | 4,535 |
| * | Qorvo Inc. | 52,643 | 4,532 |
| | Service Corp. International | 74,644 | 4,524 |
| * | F5 Inc. | 31,648 | 4,523 |
| * | WillScot Mobile Mini Holdings Corp. | 105,939 | 4,506 |
| * | Caesars Entertainment Inc. | 103,014 | 4,505 |
| | Aramark | 123,225 | 4,498 |
| | ITT Inc. | 58,843 | 4,495 |
| | Vail Resorts Inc. | 20,445 | 4,480 |
| * | Jazz Pharmaceuticals plc | 31,120 | 4,475 |
| | Westrock Co. | 130,156 | 4,433 |
| | Williams-Sonoma Inc. | 35,544 | 4,401 |
| | Hasbro Inc. | 67,440 | 4,400 |
| | HF Sinclair Corp. | 71,768 | 4,390 |
| * | Carnival Corp. | 482,641 | 4,373 |
| | Ally Financial Inc. | 157,856 | 4,351 |
| | Cullen/Frost Bankers Inc. | 27,844 | 4,317 |
| | Lear Corp. | 31,081 | 4,311 |
| | Molson Coors Beverage Co. Class B | 85,460 | 4,310 |
| | NOV Inc. | 192,196 | 4,305 |
| | Owens Corning | 49,774 | 4,261 |
| * | Okta Inc. | 75,400 | 4,231 |
| | Annaly Capital Management Inc. | 227,617 | 4,222 |
| * | Pure Storage Inc. Class A | 136,760 | 4,220 |
| | Casey's General Stores Inc. | 18,080 | 4,207 |
| | | Shares | Market
Value•
($000) |
| * | Plug Power Inc. | 262,878 | 4,201 |
| | Tapestry Inc. | 131,789 | 4,175 |
| | Commerce Bancshares Inc. | 58,919 | 4,174 |
| | Crown Holdings Inc. | 60,712 | 4,164 |
| | Newmont Corp. (XNYS) | 98,329 | 4,159 |
| * | Five Below Inc. | 28,291 | 4,140 |
| | Robert Half International Inc. | 53,746 | 4,109 |
| | Regal Rexnord Corp. | 32,440 | 4,105 |
| | Lamar Advertising Co. Class A | 44,493 | 4,104 |
| * | Chart Industries Inc. | 18,380 | 4,097 |
| | Federal Realty Investment Trust | 41,281 | 4,086 |
| | Cognex Corp. | 88,299 | 4,082 |
| | STORE Capital Corp. | 128,128 | 4,074 |
| | Bath & Body Works Inc. | 120,444 | 4,020 |
| | Zions Bancorp NA | 76,908 | 3,995 |
| | Churchill Downs Inc. | 19,164 | 3,984 |
| * | Manhattan Associates Inc. | 32,552 | 3,961 |
| | Pinnacle West Capital Corp. | 58,858 | 3,956 |
| | United Parcel Service Inc. Class B | 34,086 | 3,950 |
| | Healthcare Realty Trust Inc. Class A | 192,941 | 3,922 |
| * | Floor & Decor Holdings Inc. Class A | 53,419 | 3,919 |
| * | Southwestern Energy Co. | 565,426 | 3,918 |
| | Lincoln Electric Holdings Inc. | 27,500 | 3,905 |
| * | Globant SA | 20,662 | 3,899 |
| | Whirlpool Corp. | 28,123 | 3,888 |
| * | Performance Food Group Co. | 74,672 | 3,886 |
| | Lumen Technologies Inc. | 523,928 | 3,856 |
| * | Ciena Corp. | 80,430 | 3,853 |
| *,1 | Lucid Group Inc. | 267,834 | 3,827 |
| | Pentair plc | 88,876 | 3,817 |
| *,1 | GameStop Corp. Class A | 134,789 | 3,816 |
| | Matador Resources Co. | 56,915 | 3,782 |
| * | Bio-Rad Laboratories Inc. Class A | 10,736 | 3,776 |
| | Knight-Swift Transportation Holdings Inc. | 78,443 | 3,768 |
| * | Middleby Corp. | 26,765 | 3,743 |
| * | Avis Budget Group Inc. | 15,827 | 3,742 |
| * | AerCap Holdings NV | 69,949 | 3,736 |
| | Advanced Drainage Systems Inc. | 32,132 | 3,723 |
| | AGCO Corp. | 29,976 | 3,722 |
| | Fox Corp. Class A | 128,781 | 3,718 |
| * | Novocure Ltd. | 52,594 | 3,716 |
| | UGI Corp. | 105,154 | 3,715 |
| | Wyndham Hotels & Resorts Inc. | 48,806 | 3,706 |
| * | Acadia Healthcare Co. Inc. | 45,547 | 3,703 |
| | National Retail Properties Inc. | 88,070 | 3,702 |
| * | Dynatrace Inc. | 104,989 | 3,700 |
| | EMCOR Group Inc. | 26,208 | 3,698 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Lennox International Inc. | 15,823 | 3,696 |
| | Western Alliance Bancorp | 54,963 | 3,692 |
| | Curtiss-Wright Corp. | 21,926 | 3,680 |
| | Omega Healthcare Investors Inc. | 115,740 | 3,678 |
| * | Jones Lang LaSalle Inc. | 23,109 | 3,676 |
| | OGE Energy Corp. | 100,184 | 3,670 |
| * | Generac Holdings Inc. | 31,594 | 3,662 |
| | Tetra Tech Inc. | 25,792 | 3,644 |
| | Alcoa Corp. | 93,346 | 3,643 |
| | Kinsale Capital Group Inc. | 11,560 | 3,643 |
| | A O Smith Corp. | 66,262 | 3,630 |
| | Autoliv Inc. | 45,038 | 3,619 |
| * | Norwegian Cruise Line Holdings Ltd. | 213,421 | 3,605 |
| * | Arrow Electronics Inc. | 35,499 | 3,595 |
| | Range Resources Corp. | 126,133 | 3,592 |
| * | Viavi Solutions Inc. | 237,055 | 3,580 |
| | First Industrial Realty Trust Inc. | 75,078 | 3,576 |
| | Interactive Brokers Group Inc. Class A | 44,586 | 3,574 |
| | News Corp. Class A | 211,776 | 3,573 |
| | Ovintiv Inc. | 70,469 | 3,569 |
| | Texas Roadhouse Inc. Class A | 35,926 | 3,555 |
| | Graphic Packaging Holding Co. | 153,929 | 3,534 |
| * | WEX Inc. | 21,475 | 3,525 |
| | Assurant Inc. | 25,912 | 3,520 |
| | HEICO Corp. Class A | 27,543 | 3,506 |
| * | RBC Bearings Inc. | 13,829 | 3,506 |
| | DENTSPLY SIRONA Inc. | 112,943 | 3,481 |
| | EastGroup Properties Inc. | 22,195 | 3,478 |
| * | Iridium Communications Inc. | 67,482 | 3,477 |
| | Medical Properties Trust Inc. | 303,396 | 3,474 |
| | Murphy USA Inc. | 11,025 | 3,467 |
| | RenaissanceRe Holdings Ltd. | 22,364 | 3,459 |
| | Jefferies Financial Group Inc. | 100,021 | 3,442 |
| * | CACI International Inc. Class A | 11,318 | 3,441 |
| | Olin Corp. | 64,726 | 3,427 |
| | Murphy Oil Corp. | 70,533 | 3,422 |
| | Sealed Air Corp. | 71,749 | 3,417 |
| * | Wynn Resorts Ltd. | 53,477 | 3,417 |
| * | Cleveland-Cliffs Inc. | 262,584 | 3,411 |
| | Invesco Ltd. | 222,512 | 3,409 |
| | Bruker Corp. | 54,809 | 3,389 |
| * | Lattice Semiconductor Corp. | 69,737 | 3,383 |
| | H&R Block Inc. | 82,139 | 3,380 |
| * | DXC Technology Co. | 117,019 | 3,364 |
| | Sensata Technologies Holding plc | 83,650 | 3,364 |
| | Donaldson Co. Inc. | 58,510 | 3,361 |
| * | Mattel Inc. | 177,226 | 3,360 |
| | PDC Energy Inc. | 46,557 | 3,359 |
| | Chemed Corp. | 7,189 | 3,356 |
| | KBR Inc. | 67,337 | 3,351 |
| | Gentex Corp. | 126,222 | 3,344 |
| | Voya Financial Inc. | 48,826 | 3,338 |
| | | Shares | Market
Value•
($000) |
| * | Karuna Therapeutics Inc. | 15,182 | 3,330 |
| * | Roku Inc. | 59,820 | 3,322 |
| | SouthState Corp. | 36,556 | 3,306 |
| | Franklin Resources Inc. | 139,456 | 3,270 |
| | AptarGroup Inc. | 32,945 | 3,266 |
| | Nexstar Media Group Inc. Class A | 18,962 | 3,248 |
| * | HealthEquity Inc. | 41,614 | 3,242 |
| * | Aspen Technology Inc. | 13,398 | 3,235 |
| | Valmont Industries Inc. | 10,121 | 3,231 |
| | Americold Realty Trust Inc. | 132,787 | 3,220 |
| * | Masimo Corp. | 24,451 | 3,218 |
| | Organon & Co. | 122,937 | 3,218 |
| * | CyberArk Software Ltd. | 20,495 | 3,216 |
| * | Ionis Pharmaceuticals Inc. | 72,721 | 3,214 |
| | Old Republic International Corp. | 137,703 | 3,196 |
| | Old National Bancorp | 162,961 | 3,188 |
| * | Robinhood Markets Inc. Class A | 272,488 | 3,183 |
| | Oshkosh Corp. | 36,100 | 3,177 |
| | Synovus Financial Corp. | 79,437 | 3,166 |
| | FNB Corp. | 218,819 | 3,162 |
| | Royal Gold Inc. | 33,256 | 3,158 |
| | Ovintiv Inc. (XNYS) | 62,207 | 3,151 |
| | Starwood Property Trust Inc. | 151,542 | 3,131 |
| *,1 | Unity Software Inc. | 104,995 | 3,097 |
| * | Halozyme Therapeutics Inc. | 64,755 | 3,096 |
| * | Guidewire Software Inc. | 52,065 | 3,093 |
| | Prosperity Bancshares Inc. | 43,070 | 3,083 |
| * | Nutanix Inc. Class A | 112,396 | 3,080 |
| | Glacier Bancorp Inc. | 53,449 | 3,062 |
| | Chord Energy Corp. | 19,988 | 3,060 |
| | Polaris Inc. | 30,020 | 3,050 |
| | Brixmor Property Group Inc. | 143,088 | 3,049 |
| | Stifel Financial Corp. | 49,125 | 3,039 |
| | Dick's Sporting Goods Inc. | 26,619 | 3,028 |
| * | Berry Global Group Inc. | 63,925 | 3,025 |
| * | Clean Harbors Inc. | 24,665 | 3,020 |
| * | Elanco Animal Health Inc. (XNYS) | 228,603 | 3,015 |
| | Sonoco Products Co. | 48,453 | 3,008 |
| | Tradeweb Markets Inc. Class A | 54,383 | 2,995 |
| | National Fuel Gas Co. | 44,260 | 2,987 |
| | Brunswick Corp. | 42,238 | 2,985 |
| * | Capri Holdings Ltd. | 65,155 | 2,976 |
| * | WESCO International Inc. | 21,576 | 2,973 |
| | Pinnacle Financial Partners Inc. | 35,737 | 2,966 |
| * | Penumbra Inc. | 17,266 | 2,961 |
| | MSA Safety Inc. | 22,002 | 2,954 |
| * | Apellis Pharmaceuticals Inc. | 48,570 | 2,938 |
| | Valley National Bancorp | 246,709 | 2,928 |
| * | Dropbox Inc. Class A | 134,551 | 2,926 |
| * | XP Inc. Class A | 159,648 | 2,926 |
| | | Shares | Market
Value•
($000) |
| | Acuity Brands Inc. | 15,883 | 2,916 |
| * | US Foods Holding Corp | 97,677 | 2,907 |
| * | Exact Sciences Corp. | 83,437 | 2,902 |
| * | Planet Fitness Inc. Class A | 44,326 | 2,902 |
| | Landstar System Inc. | 18,541 | 2,896 |
| | MDU Resources Group Inc. | 101,533 | 2,892 |
| | Apartment Income REIT Corp. | 75,257 | 2,892 |
| | Huntsman Corp. | 107,941 | 2,888 |
| | Science Applications International Corp. | 26,636 | 2,886 |
| * | Delta Air Lines Inc. | 84,721 | 2,875 |
| | Littelfuse Inc. | 13,011 | 2,866 |
| * | Liberty Media Corp.- Liberty SiriusXM Class C | 67,829 | 2,862 |
| * | Zillow Group Inc. Class C | 92,611 | 2,858 |
| | Popular Inc. | 40,398 | 2,857 |
| | Bentley Systems Inc. Class B | 80,898 | 2,854 |
| | Fox Corp. Class B | 104,897 | 2,853 |
| | Macy's Inc. | 136,593 | 2,848 |
| * | ExlService Holdings Inc. | 15,650 | 2,846 |
| | Ingredion Inc. | 31,940 | 2,846 |
| * | Envista Holdings Corp. | 86,075 | 2,841 |
| * | RH | 11,153 | 2,832 |
| * | Trex Co. Inc. | 58,809 | 2,828 |
| | ChampionX Corp. | 98,760 | 2,827 |
| | Marriott Vacations Worldwide Corp. | 19,100 | 2,822 |
| | Carlyle Group Inc. | 99,392 | 2,811 |
| * | XPO Logistics Inc. | 54,307 | 2,810 |
| | SEI Investments Co. | 51,449 | 2,794 |
| | Western Union Co. | 206,590 | 2,791 |
| * | Liberty Global plc Class C | 158,015 | 2,791 |
| | nVent Electric plc | 76,415 | 2,789 |
| | SM Energy Co. | 61,866 | 2,783 |
| | Selective Insurance Group Inc. | 28,371 | 2,783 |
| | DTE Midstream LLC | 46,584 | 2,781 |
| | Harley-Davidson Inc. | 64,544 | 2,775 |
| | Lithia Motors Inc. Class A | 13,994 | 2,773 |
| | Morningstar Inc. | 11,931 | 2,770 |
| | First Financial Bankshares Inc. | 71,736 | 2,761 |
| * | Frontier Communications Parent Inc. | 117,677 | 2,756 |
| * | TopBuild Corp. | 16,138 | 2,746 |
| | STAG Industrial Inc. | 86,689 | 2,739 |
| | Commercial Metals Co. | 60,102 | 2,735 |
| * | Axalta Coating Systems Ltd. | 117,070 | 2,730 |
| | Primerica Inc. | 18,786 | 2,718 |
| * | Medpace Holdings Inc. | 12,211 | 2,711 |
| * | SiteOne Landscape Supply Inc. | 23,400 | 2,711 |
| | Ralph Lauren Corp. Class A | 29,224 | 2,709 |
| | Newell Brands Inc. | 196,009 | 2,707 |
| | Woodward Inc. | 29,486 | 2,704 |
| * | Saia Inc. | 13,544 | 2,693 |
| | United Bankshares Inc. | 63,436 | 2,687 |
| | Concentrix Corp. | 21,961 | 2,684 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | Wintrust Financial Corp. | 28,637 | 2,681 |
| * | Exelixis Inc. | 161,654 | 2,680 |
| * | Inspire Medical Systems Inc. | 13,749 | 2,680 |
| | Cable One Inc. | 3,109 | 2,672 |
| | IDACORP Inc. | 25,490 | 2,669 |
| | Flowers Foods Inc. | 92,699 | 2,661 |
| * | Globus Medical Inc. Class A | 39,637 | 2,656 |
| * | Toast Inc. Class A | 120,214 | 2,656 |
| * | Qualys Inc. | 18,598 | 2,651 |
| | Perrigo Co. plc | 65,808 | 2,651 |
| * | Penn Entertainment Inc. | 80,074 | 2,650 |
| | Agree Realty Corp. | 38,346 | 2,634 |
| | Eagle Materials Inc. | 21,411 | 2,619 |
| * | Mohawk Industries Inc. | 27,636 | 2,619 |
| * | DraftKings Inc. Class A | 165,700 | 2,618 |
| * | FTI Consulting Inc. | 16,818 | 2,617 |
| * | AMN Healthcare Services Inc. | 20,830 | 2,614 |
| * | Southwest Airlines Co. | 71,769 | 2,609 |
| | AMERCO | 4,517 | 2,598 |
| | Black Hills Corp. | 39,737 | 2,598 |
| | Encompass Health Corp. | 47,307 | 2,575 |
| | Ashland Inc. | 24,532 | 2,574 |
| | Hanover Insurance Group Inc. | 17,495 | 2,563 |
| | RLI Corp. | 19,634 | 2,554 |
| * | Scientific Games Corp. Class A | 45,184 | 2,537 |
| | Valvoline Inc. | 86,413 | 2,537 |
| | Essent Group Ltd. | 64,012 | 2,534 |
| | BWX Technologies Inc. | 44,369 | 2,528 |
| | Wingstop Inc. | 15,921 | 2,522 |
| | Leggett & Platt Inc. | 74,685 | 2,521 |
| | MKS Instruments Inc. | 30,631 | 2,516 |
| | First American Financial Corp. | 49,908 | 2,515 |
| * | Celsius Holdings Inc. | 27,430 | 2,498 |
| | Spirit Realty Capital Inc. | 64,149 | 2,491 |
| * | LHC Group Inc. | 14,887 | 2,488 |
| * | Teladoc Health Inc. | 83,777 | 2,483 |
| * | Novanta Inc. | 17,554 | 2,482 |
| | Umpqua Holdings Corp. | 124,869 | 2,482 |
| | Ensign Group Inc. | 27,507 | 2,470 |
| * | Syneos Health Inc. | 49,013 | 2,469 |
| * | IAA Inc. | 65,028 | 2,467 |
| * | Lumentum Holdings Inc. | 33,037 | 2,460 |
| * | Lyft Inc. Class A | 168,028 | 2,460 |
| | Switch Inc. Class A | 72,256 | 2,460 |
| | Civitas Resources Inc. | 35,186 | 2,460 |
| * | Livent Corp. | 77,785 | 2,456 |
| * | Skechers USA Inc. Class A | 71,277 | 2,454 |
| * | Post Holdings Inc. | 27,043 | 2,445 |
| | National Instruments Corp. | 63,791 | 2,436 |
| * | Lantheus Holdings Inc. | 32,881 | 2,433 |
| | Bank OZK | 56,579 | 2,432 |
| * | Clarivate plc | 233,233 | 2,409 |
| | Helmerich & Payne Inc. | 48,547 | 2,404 |
| | | Shares | Market
Value•
($000) |
| * | Liberty Media Corp.- Liberty SiriusXM Class A | 56,637 | 2,404 |
| | Southwest Gas Holdings Inc. | 32,823 | 2,398 |
| * | Elastic NV | 37,459 | 2,396 |
| | Crane Holdings Co. | 23,689 | 2,377 |
| * | Sunrun Inc. | 105,498 | 2,375 |
| * | Guardant Health Inc. | 47,880 | 2,370 |
| | Ryman Hospitality Properties Inc. | 26,613 | 2,366 |
| | Kilroy Realty Corp. | 55,274 | 2,362 |
| | Cadence Bank | 85,409 | 2,362 |
| | Rayonier Inc. | 69,974 | 2,358 |
| | Exponent Inc. | 24,720 | 2,355 |
| | MGIC Investment Corp. | 172,415 | 2,353 |
| * | Option Care Health Inc. | 76,842 | 2,325 |
| * | SPS Commerce Inc. | 18,370 | 2,324 |
| | Balchem Corp. | 16,614 | 2,323 |
| | Home BancShares Inc. | 90,936 | 2,318 |
| | US Steel Corp. | 113,791 | 2,317 |
| * | Tenet Healthcare Corp. | 51,979 | 2,306 |
| | New York Times Co. Class A | 79,449 | 2,301 |
| | Applied Industrial Technologies Inc. | 18,493 | 2,300 |
| | Associated Banc-Corp. | 94,308 | 2,296 |
| | HB Fuller Co. | 32,829 | 2,289 |
| | Affiliated Managers Group Inc. | 18,352 | 2,279 |
| * | MasTec Inc. | 29,566 | 2,279 |
| * | Wix.com Ltd. | 27,076 | 2,277 |
| * | UiPath Inc. Class A | 179,116 | 2,266 |
| * | Hyatt Hotels Corp. Class A | 23,919 | 2,253 |
| | Franklin Electric Co. Inc. | 27,451 | 2,249 |
| | Timken Co. | 31,540 | 2,248 |
| | Toll Brothers Inc. | 52,148 | 2,247 |
| | Universal Display Corp. | 23,573 | 2,245 |
| * | Crocs Inc. | 31,388 | 2,221 |
| * | Coherent Corp. | 65,958 | 2,217 |
| | Louisiana-Pacific Corp. | 39,055 | 2,212 |
| | Hancock Whitney Corp. | 39,579 | 2,211 |
| | Tempur Sealy International Inc. | 82,174 | 2,210 |
| | Hexcel Corp. | 39,642 | 2,208 |
| | TEGNA Inc. | 105,547 | 2,204 |
| * | Denbury Inc. | 24,116 | 2,204 |
| | Chemours Co. | 76,747 | 2,197 |
| * | Evoqua Water Technologies Corp. | 55,683 | 2,182 |
| * | Calix Inc. | 29,580 | 2,178 |
| | Boyd Gaming Corp. | 37,682 | 2,177 |
| | Hawaiian Electric Industries Inc. | 56,786 | 2,160 |
| | OneMain Holdings Inc. | 55,891 | 2,155 |
| | UMB Financial Corp. | 25,882 | 2,154 |
| * | TechnipFMC plc | 203,231 | 2,152 |
| | Comfort Systems USA Inc. | 17,423 | 2,148 |
| | Houlihan Lokey Inc. Class A | 23,892 | 2,134 |
| * | Tenable Holdings Inc. | 52,410 | 2,130 |
| * | QuidelOrtho Corp. | 23,689 | 2,128 |
| | | Shares | Market
Value•
($000) |
| | Watts Water Technologies Inc. Class A | 14,504 | 2,123 |
| * | Brighthouse Financial Inc. | 37,186 | 2,122 |
| * | Haemonetics Corp. | 24,924 | 2,117 |
| * | Five9 Inc. | 35,003 | 2,109 |
| * | Fluor Corp. | 69,305 | 2,097 |
| * | PBF Energy Inc. Class A | 47,391 | 2,097 |
| | AGNC Investment Corp. | 254,598 | 2,093 |
| * | Rogers Corp. | 8,874 | 2,088 |
| | Vertiv Holdings Co. Class A | 145,792 | 2,086 |
| | Altra Industrial Motion Corp. | 34,637 | 2,083 |
| * | Atkore Inc. | 21,854 | 2,083 |
| * | Smartsheet Inc. Class A | 59,631 | 2,082 |
| | New York Community Bancorp Inc. | 223,040 | 2,077 |
| *,1 | SoFi Technologies Inc. | 381,673 | 2,076 |
| | Choice Hotels International Inc. | 15,964 | 2,073 |
| | New Jersey Resources Corp. | 46,256 | 2,065 |
| | Insperity Inc. | 17,488 | 2,064 |
| | Terreno Realty Corp. | 36,097 | 2,063 |
| * | Fabrinet | 18,003 | 2,060 |
| | MSC Industrial Direct Co. Inc. Class A | 24,810 | 2,059 |
| | Allison Transmission Holdings Inc. | 48,672 | 2,056 |
| | UFP Industries Inc. | 28,864 | 2,056 |
| 1 | Sirius XM Holdings Inc. | 339,225 | 2,049 |
| | Cousins Properties Inc. | 86,055 | 2,045 |
| * | DaVita Inc. | 28,012 | 2,045 |
| | Magnolia Oil & Gas Corp. Class A | 79,622 | 2,045 |
| * | Euronet Worldwide Inc. | 24,324 | 2,043 |
| * | Bright Horizons Family Solutions Inc. | 31,246 | 2,041 |
| | ManpowerGroup Inc. | 26,045 | 2,040 |
| | Thor Industries Inc. | 25,027 | 2,039 |
| | Axis Capital Holdings Ltd. | 37,193 | 2,033 |
| | ONE Gas Inc. | 26,207 | 2,031 |
| * | Intellia Therapeutics Inc. | 38,416 | 2,028 |
| * | Univar Solutions Inc. | 79,584 | 2,028 |
| | South Jersey Industries Inc. | 58,449 | 2,026 |
| | Blackstone Mortgage Trust Inc. Class A | 81,125 | 2,025 |
| * | AutoNation Inc. | 19,015 | 2,021 |
| | SLM Corp. | 121,156 | 2,010 |
| * | Casella Waste Systems Inc. Class A | 24,556 | 2,009 |
| | Ryder System Inc. | 24,954 | 2,009 |
| * | agilon health Inc. | 101,202 | 2,009 |
| | First Interstate BancSystem Inc. Class A | 44,009 | 2,007 |
| * | ASGN Inc. | 23,599 | 2,001 |
| | Vornado Realty Trust | 84,663 | 1,997 |
| * | Intra-Cellular Therapies Inc. | 43,675 | 1,995 |
| *,1 | GLOBALFOUNDRIES Inc. | 35,104 | 1,990 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| | White Mountains Insurance Group Ltd. | 1,403 | 1,987 |
| | Kite Realty Group Trust | 101,074 | 1,985 |
| | Cabot Corp. | 26,983 | 1,983 |
| | Dolby Laboratories Inc. Class A | 29,542 | 1,975 |
| | United Community Banks Inc. | 51,285 | 1,974 |
| * | Kirby Corp. | 28,197 | 1,967 |
| * | Stericycle Inc. | 44,114 | 1,967 |
| * | MACOM Technology Solutions Holdings Inc. Class H | 33,980 | 1,966 |
| * | IAC Inc. | 40,377 | 1,966 |
| | Silgan Holdings Inc. | 41,381 | 1,960 |
| | Premier Inc. Class A | 56,062 | 1,955 |
| | Radian Group Inc. | 93,435 | 1,950 |
| * | Natera Inc. | 41,489 | 1,948 |
| | Portland General Electric Co. | 43,303 | 1,946 |
| * | AppLovin Corp. Class A | 114,295 | 1,938 |
| * | Coupa Software Inc. | 36,398 | 1,937 |
| * | Valaris Ltd. | 28,945 | 1,937 |
| * | Integra LifeSciences Holdings Corp. | 38,531 | 1,936 |
| | Southern Copper Corp. | 41,120 | 1,931 |
| | Simpson Manufacturing Co. Inc. | 22,570 | 1,929 |
| | Element Solutions Inc. | 111,748 | 1,922 |
| | Avnet Inc. | 47,668 | 1,916 |
| | PNM Resources Inc. | 41,225 | 1,916 |
| * | United Airlines Holdings Inc. | 44,310 | 1,909 |
| | TD SYNNEX Corp. | 20,612 | 1,886 |
| | Assured Guaranty Ltd. | 31,836 | 1,884 |
| * | Aerojet Rocketdyne Holdings Inc. | 38,794 | 1,880 |
| * | Synaptics Inc. | 21,204 | 1,879 |
| * | Silicon Laboratories Inc. | 16,332 | 1,877 |
| * | Box Inc. Class A | 64,487 | 1,873 |
| | FirstCash Holdings Inc. | 18,987 | 1,869 |
| | Antero Midstream Corp. | 175,416 | 1,868 |
| | Triton International Ltd. | 30,785 | 1,868 |
| * | iRhythm Technologies Inc. | 14,604 | 1,862 |
| * | Boston Beer Co. Inc. Class A | 4,966 | 1,854 |
| * | GXO Logistics Inc. | 50,683 | 1,852 |
| * | CRISPR Therapeutics AG | 35,189 | 1,842 |
| | Evercore Inc. Class A | 17,519 | 1,841 |
| * | Cytokinetics Inc. | 42,151 | 1,840 |
| | Kohl's Corp. | 61,401 | 1,839 |
| | Independent Bank Corp. (XNGS) | 21,107 | 1,837 |
| * | Merit Medical Systems Inc. | 26,665 | 1,834 |
| * | Procore Technologies Inc. | 33,522 | 1,832 |
| | Air Lease Corp. Class A | 51,802 | 1,828 |
| | Flowserve Corp. | 63,429 | 1,819 |
| | | Shares | Market
Value•
($000) |
| | Power Integrations Inc. | 27,257 | 1,818 |
| | Apple Hospitality REIT Inc. | 105,762 | 1,811 |
| | ServisFirst Bancshares Inc. | 24,025 | 1,810 |
| | Patterson-UTI Energy Inc. | 102,301 | 1,806 |
| * | Ollie's Bargain Outlet Holdings Inc. | 32,066 | 1,796 |
| | Independence Realty Trust Inc. | 107,041 | 1,794 |
| * | Fox Factory Holding Corp. | 20,409 | 1,793 |
| * | ATI Inc. | 60,214 | 1,792 |
| * | Cirrus Logic Inc. | 26,597 | 1,785 |
| * | Omnicell Inc. | 23,089 | 1,785 |
| | GATX Corp. | 17,037 | 1,784 |
| * | Alkermes plc | 78,315 | 1,778 |
| * | DISH Network Corp. Class A | 119,209 | 1,777 |
| | Maximus Inc. | 28,773 | 1,774 |
| * | Inari Medical Inc. | 23,026 | 1,771 |
| * | Workiva Inc. Class A | 22,748 | 1,770 |
| | Wendy's Co. | 84,941 | 1,765 |
| * | Axonics Inc. | 24,063 | 1,760 |
| | CVB Financial Corp. | 61,254 | 1,759 |
| | PVH Corp. | 34,191 | 1,755 |
| | Academy Sports & Outdoors Inc. | 39,831 | 1,754 |
| | Rithm Capital Corp. | 207,481 | 1,749 |
| * | STAAR Surgical Co. | 24,651 | 1,747 |
| * | Asbury Automotive Group Inc. | 11,062 | 1,745 |
| | Spire Inc. | 24,940 | 1,741 |
| | National Storage Affiliates Trust | 40,712 | 1,737 |
| | Ormat Technologies Inc. (XNYS) | 19,144 | 1,732 |
| * | Affirm Holdings Inc. | 85,944 | 1,725 |
| | Armstrong World Industries Inc. | 22,785 | 1,722 |
| * | Goodyear Tire & Rubber Co. | 135,292 | 1,718 |
| * | API Group Corp. | 104,037 | 1,716 |
| | Lazard Ltd. Class A | 45,428 | 1,713 |
| | Lancaster Colony Corp. | 9,488 | 1,710 |
| | Albertsons Cos. Inc. Class A | 83,273 | 1,708 |
| | Mueller Industries Inc. | 27,248 | 1,707 |
| * | Ziff Davis Inc. | 21,982 | 1,701 |
| | Pacific Premier Bancorp Inc. | 46,723 | 1,701 |
| * | Tandem Diabetes Care Inc. | 30,292 | 1,701 |
| | First BanCorp (XNYS) | 107,688 | 1,700 |
| | Washington Federal Inc. | 43,891 | 1,699 |
| * | Golar LNG Ltd. | 61,016 | 1,697 |
| *,1 | ChargePoint Holdings Inc. | 121,101 | 1,693 |
| | Moog Inc. Class A | 19,942 | 1,690 |
| * | Visteon Corp. | 12,927 | 1,687 |
| * | Rambus Inc. | 55,732 | 1,681 |
| * | Hostess Brands Inc. Class A | 63,171 | 1,673 |
| * | Sanmina Corp. | 29,657 | 1,662 |
| * | Simply Good Foods Co. | 43,315 | 1,659 |
| *,1 | AMC Entertainment Holdings Inc. Class A | 248,682 | 1,656 |
| | | Shares | Market
Value•
($000) |
| * | Arrowhead Pharmaceuticals Inc. | 47,506 | 1,654 |
| | California Resources Corp. | 36,541 | 1,648 |
| * | Marqeta Inc. Class A | 208,841 | 1,646 |
| | PotlatchDeltic Corp. | 36,966 | 1,645 |
| * | Resideo Technologies Inc. | 69,019 | 1,630 |
| | California Water Service Group | 26,222 | 1,627 |
| * | Hilton Grand Vacations Inc. | 41,431 | 1,626 |
| * | Skyline Champion Corp. | 27,925 | 1,626 |
| * | Onto Innovation Inc. | 24,312 | 1,625 |
| * | ICU Medical Inc. | 10,922 | 1,621 |
| | Physicians Realty Trust | 107,567 | 1,620 |
| | Equitrans Midstream Corp. | 192,022 | 1,617 |
| * | Adient plc | 46,195 | 1,616 |
| * | Confluent Inc. Class A | 60,112 | 1,616 |
| | Belden Inc. | 23,180 | 1,614 |
| * | Victoria's Secret & Co. | 42,903 | 1,613 |
| * | RingCentral Inc. Class A | 45,248 | 1,607 |
| | American Equity Investment Life Holding Co. | 37,263 | 1,605 |
| * | CNX Resources Corp. | 95,381 | 1,603 |
| | American States Water Co. | 17,686 | 1,600 |
| | WSFS Financial Corp. | 34,375 | 1,600 |
| * | Dycom Industries Inc. | 13,531 | 1,599 |
| | Azenta Inc. | 35,985 | 1,598 |
| | Cathay General Bancorp | 35,008 | 1,596 |
| * | Teradata Corp. | 50,411 | 1,592 |
| * | Progyny Inc. | 35,686 | 1,587 |
| * | Bloom Energy Corp. Class A | 84,673 | 1,584 |
| * | Grand Canyon Education Inc. | 15,647 | 1,575 |
| | Westlake Corp. | 16,175 | 1,563 |
| | Ameris Bancorp | 30,307 | 1,561 |
| * | Varonis Systems Inc. Class B | 58,150 | 1,557 |
| | World Wrestling Entertainment Inc. Class A | 19,717 | 1,555 |
| | Dun & Bradstreet Holdings Inc. | 120,810 | 1,552 |
| * | Credit Acceptance Corp. | 3,326 | 1,549 |
| | Community Bank System Inc. | 24,796 | 1,548 |
| | Zurn Elkay Water Solutions Corp. | 65,841 | 1,547 |
| | First Hawaiian Inc. | 60,311 | 1,543 |
| | Sabra Health Care REIT Inc. | 112,848 | 1,542 |
| | Arcosa Inc. | 23,998 | 1,541 |
| | ALLETE Inc. | 27,373 | 1,540 |
| * | BellRing Brands Inc. | 63,463 | 1,537 |
| * | Summit Materials Inc. Class A | 58,281 | 1,536 |
| * | Diodes Inc. | 21,386 | 1,533 |
| * | Sprouts Farmers Market Inc. | 51,971 | 1,533 |
| | Travel + Leisure Co. | 40,269 | 1,529 |
| * | IPG Photonics Corp. | 17,843 | 1,528 |
| * | Beacon Roofing Supply Inc. | 27,084 | 1,526 |
| * | New Relic Inc. | 25,757 | 1,526 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Blackline Inc. | 27,206 | 1,524 |
| | BOK Financial Corp. | 13,805 | 1,521 |
| * | NetScout Systems Inc. | 42,336 | 1,521 |
| * | Super Micro Computer Inc. | 21,851 | 1,521 |
| | Moelis & Co. Class A | 35,791 | 1,520 |
| | Vontier Corp. | 79,393 | 1,516 |
| * | Grocery Outlet Holding Corp. | 43,775 | 1,513 |
| | Janus Henderson Group plc | 66,149 | 1,506 |
| | Badger Meter Inc. | 13,374 | 1,504 |
| | NorthWestern Corp. | 28,466 | 1,504 |
| | Eastern Bankshares Inc. | 78,332 | 1,502 |
| | BankUnited Inc. | 41,724 | 1,500 |
| | Albany International Corp. Class A | 16,360 | 1,499 |
| *,1 | Wayfair Inc. Class A | 39,357 | 1,492 |
| | Avient Corp. | 43,153 | 1,488 |
| * | Insight Enterprises Inc. | 15,730 | 1,487 |
| | Kemper Corp. | 31,076 | 1,481 |
| * | National Vision Holdings Inc. | 39,992 | 1,481 |
| *,1 | PagSeguro Digital Ltd. Class A | 108,222 | 1,480 |
| * | Taylor Morrison Home Corp. Class A | 56,127 | 1,478 |
| * | 1Life Healthcare Inc. | 86,403 | 1,477 |
| * | Amedisys Inc. | 15,122 | 1,476 |
| * | Blueprint Medicines Corp. | 28,449 | 1,475 |
| | Cactus Inc. Class A | 28,391 | 1,468 |
| | Penske Automotive Group Inc. | 13,140 | 1,467 |
| | Park Hotels & Resorts Inc. | 111,855 | 1,463 |
| | Douglas Emmett Inc. | 82,914 | 1,458 |
| * | Essential Properties Realty Trust Inc. | 67,636 | 1,456 |
| * | ViaSat Inc. | 35,541 | 1,456 |
| * | Alarm.com Holdings Inc. | 24,714 | 1,454 |
| | Signet Jewelers Ltd. | 22,269 | 1,453 |
| | John Bean Technologies Corp. | 15,832 | 1,444 |
| | Forward Air Corp. | 13,626 | 1,443 |
| | Bank of Hawaii Corp. | 18,904 | 1,436 |
| | Innovative Industrial Properties Inc. | 13,258 | 1,433 |
| * | Ultragenyx Pharmaceutical Inc. | 35,391 | 1,432 |
| | Columbia Banking System Inc. | 42,768 | 1,431 |
| * | Mirati Therapeutics Inc. | 21,224 | 1,429 |
| | Korn Ferry | 25,665 | 1,427 |
| | ABM Industries Inc. | 32,026 | 1,425 |
| | Herc Holdings Inc. | 12,106 | 1,424 |
| | Hillenbrand Inc. | 32,216 | 1,423 |
| | Sensient Technologies Corp. | 19,907 | 1,423 |
| | Advanced Energy Industries Inc. | 18,065 | 1,421 |
| | Otter Tail Corp. | 21,080 | 1,421 |
| | LCI Industries | 13,367 | 1,418 |
| * | ACI Worldwide Inc. | 57,738 | 1,405 |
| | AAON Inc. | 21,619 | 1,394 |
| * | StoneCo. Ltd. Class A | 132,479 | 1,391 |
| | Avangrid Inc. | 34,108 | 1,388 |
| * | Chegg Inc. | 64,356 | 1,388 |
| * | SPX Technologies Inc. | 21,064 | 1,387 |
| | | Shares | Market
Value•
($000) |
| | Group 1 Automotive Inc. | 8,008 | 1,385 |
| | Columbia Sportswear Co. | 18,577 | 1,384 |
| | Jackson Financial Inc. Class A | 36,091 | 1,384 |
| | Simmons First National Corp. Class A | 57,919 | 1,383 |
| * | Texas Capital Bancshares Inc. | 23,057 | 1,383 |
| * | Broadstone Net Lease Inc. | 80,690 | 1,383 |
| | EPR Properties | 35,695 | 1,378 |
| | Corporate Office Properties Trust | 51,535 | 1,373 |
| *,1 | MicroStrategy Inc. Class A | 5,131 | 1,373 |
| * | Mercury Systems Inc. | 28,308 | 1,370 |
| * | Farfetch Ltd. Class A | 161,567 | 1,370 |
| | Clearway Energy Inc. Class C | 39,420 | 1,369 |
| * | Mr Cooper Group Inc. | 34,650 | 1,368 |
| | Brink's Co. | 22,864 | 1,363 |
| * | Plexus Corp. | 13,848 | 1,363 |
| * | SeaWorld Entertainment Inc. | 23,429 | 1,363 |
| | Madison Square Garden Sports Corp. | 8,666 | 1,357 |
| * | Rapid7 Inc. | 29,935 | 1,355 |
| * | Peabody Energy Corp. | 56,647 | 1,354 |
| * | Alteryx Inc. Class A | 27,760 | 1,353 |
| * | Kosmos Energy Ltd. | 208,250 | 1,352 |
| * | Denali Therapeutics Inc. | 47,109 | 1,351 |
| * | NCR Corp. | 63,528 | 1,351 |
| * | CNO Financial Group Inc. | 61,140 | 1,349 |
| | Select Medical Holdings Corp. | 52,484 | 1,348 |
| * | Alight Inc. Class A | 162,484 | 1,347 |
| * | Amicus Therapeutics Inc. | 134,639 | 1,346 |
| | Alpha Metallurgical Resources Inc. | 7,968 | 1,345 |
| | Foot Locker Inc. | 42,315 | 1,341 |
| * | CommScope Holding Co. Inc. | 101,197 | 1,340 |
| * | YETI Holdings Inc. | 41,736 | 1,339 |
| * | Beam Therapeutics Inc. | 30,380 | 1,339 |
| | Highwoods Properties Inc. | 47,287 | 1,335 |
| | Cracker Barrel Old Country Store Inc. | 11,668 | 1,333 |
| * | Corcept Therapeutics Inc. | 46,527 | 1,331 |
| * | Atlas Air Worldwide Holdings Inc. | 13,138 | 1,329 |
| * | R1 RCM Inc. | 75,255 | 1,329 |
| * | Freshpet Inc. | 22,525 | 1,328 |
| | Avista Corp. | 32,300 | 1,325 |
| | Fulton Financial Corp. | 72,489 | 1,321 |
| * | Meritage Homes Corp. | 17,329 | 1,320 |
| * | United Natural Foods Inc. | 31,101 | 1,319 |
| * | Peloton Interactive Inc. Class A | 156,863 | 1,318 |
| | PacWest Bancorp | 52,896 | 1,315 |
| | Equity Commonwealth | 50,219 | 1,314 |
| | LXP Industrial Trust | 135,674 | 1,313 |
| | | Shares | Market
Value•
($000) |
| * | DigitalOcean Holdings Inc. | 36,456 | 1,309 |
| * | MP Materials Corp. | 43,526 | 1,308 |
| * | Array Technologies Inc. | 72,018 | 1,304 |
| * | BioCryst Pharmaceuticals Inc. | 97,425 | 1,301 |
| | Encore Wire Corp. | 9,361 | 1,288 |
| * | Sprout Social Inc. Class A | 21,324 | 1,286 |
| * | Evolent Health Inc. Class A | 40,381 | 1,285 |
| * | Verint Systems Inc. | 36,258 | 1,285 |
| | Federal Signal Corp. | 27,477 | 1,282 |
| | Continental Resources Inc. | 17,324 | 1,281 |
| * | PTC Therapeutics Inc. | 33,876 | 1,281 |
| * | Prestige Consumer Healthcare Inc. | 23,505 | 1,281 |
| | Carter's Inc. | 18,847 | 1,279 |
| * | TreeHouse Foods Inc. | 25,447 | 1,278 |
| | UniFirst Corp. | 6,930 | 1,275 |
| | EnerSys | 19,202 | 1,273 |
| | New Fortress Energy Inc. Class A | 23,102 | 1,272 |
| * | Envestnet Inc. | 25,785 | 1,271 |
| * | Yelp Inc. Class A | 33,086 | 1,271 |
| | Werner Enterprises Inc. | 32,366 | 1,269 |
| | SL Green Realty Corp. | 31,969 | 1,269 |
| * | nCino Inc. | 40,221 | 1,266 |
| | International Bancshares Corp. | 25,500 | 1,265 |
| * | 10X Genomics Inc. Class A | 46,517 | 1,264 |
| | Walker & Dunlop Inc. | 14,035 | 1,263 |
| * | LivaNova plc | 26,779 | 1,261 |
| * | Callaway Golf Co. | �� 66,816 | 1,251 |
| | Mueller Water Products Inc. Class A | 106,925 | 1,251 |
| | Boise Cascade Co. | 18,683 | 1,247 |
| * | Hub Group Inc. Class A | 16,017 | 1,243 |
| | Terex Corp. | 30,551 | 1,239 |
| * | Ingevity Corp. | 18,391 | 1,237 |
| * | Liberty Global plc Class A | 73,293 | 1,236 |
| * | Shoals Technologies Group Inc. Class A | 53,163 | 1,229 |
| * | Arvinas Inc. | 24,712 | 1,228 |
| * | TriNet Group Inc. | 18,880 | 1,227 |
| * | CommVault Systems Inc. | 20,141 | 1,226 |
| * | Inmode Ltd. | 35,570 | 1,221 |
| * | Altair Engineering Inc. Class A | 24,796 | 1,216 |
| | National Health Investors Inc. | 21,383 | 1,212 |
| | Kulicke & Soffa Industries Inc. | 28,784 | 1,207 |
| * | Enovis Corp. | 24,299 | 1,202 |
| | Outfront Media Inc. | 66,445 | 1,199 |
| * | Pacira BioSciences Inc. | 23,159 | 1,199 |
| * | O-I Glass Inc. | 73,456 | 1,198 |
| *,1 | Ginkgo Bioworks Holdings Inc. | 438,055 | 1,196 |
| * | Howard Hughes Corp. | 19,469 | 1,194 |
| | Vishay Intertechnology Inc. | 57,101 | 1,194 |
| | WesBanco Inc. | 29,512 | 1,193 |
| | J & J Snack Foods Corp. | 8,070 | 1,191 |
| | Towne Bank | 36,142 | 1,191 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Oak Street Health Inc. | 58,643 | 1,186 |
| * | Glaukos Corp. | 21,134 | 1,185 |
| * | Verra Mobility Corp. Class A | 69,331 | 1,183 |
| * | Blackbaud Inc. | 21,563 | 1,179 |
| | Hecla Mining Co. | 257,350 | 1,176 |
| | Sunstone Hotel Investors Inc. | 105,144 | 1,172 |
| * | Shift4 Payments Inc. Class A | 25,453 | 1,170 |
| | Atlantic Union Bankshares Corp. | 33,818 | 1,168 |
| *,1 | Tilray Brands Inc. | 285,955 | 1,164 |
| | First Financial Bancorp | 44,619 | 1,163 |
| * | Liberty Energy Inc. Class A | 68,755 | 1,163 |
| | Banner Corp. | 15,534 | 1,161 |
| | SITE Centers Corp. | 92,982 | 1,151 |
| | WD-40 Co. | 7,179 | 1,150 |
| * | Enstar Group Ltd. | 5,736 | 1,150 |
| * | Gitlab Inc. Class A | 23,649 | 1,146 |
| * | CBIZ Inc. | 23,063 | 1,145 |
| | McGrath RentCorp. | 12,125 | 1,140 |
| * | Dlocal Ltd. Class A | 51,105 | 1,140 |
| | Trinity Industries Inc. | 39,872 | 1,138 |
| * | Pacific Biosciences of California Inc. | 134,455 | 1,135 |
| | First Merchants Corp. | 25,170 | 1,130 |
| | Scorpio Tankers Inc. | 23,564 | 1,130 |
| * | Transocean Ltd. (XNYS) | 306,774 | 1,129 |
| * | Genworth Financial Inc. Class A | 241,595 | 1,128 |
| | Graham Holdings Co. Class B | 1,808 | 1,128 |
| | Hanesbrands Inc. | 165,225 | 1,127 |
| * | AeroVironment Inc. | 12,296 | 1,125 |
| | ESCO Technologies Inc. | 13,060 | 1,125 |
| | Innospec Inc. | 11,248 | 1,125 |
| | Macerich Co. | 101,112 | 1,125 |
| * | Coty Inc. Class A | 167,445 | 1,124 |
| | Steven Madden Ltd. | 37,557 | 1,122 |
| * | MaxLinear Inc. | 36,289 | 1,121 |
| | Spirit AeroSystems Holdings Inc. Class A | 48,365 | 1,120 |
| | Arch Resources Inc. | 7,330 | 1,116 |
| | CONMED Corp. | 13,956 | 1,113 |
| * | NuVasive Inc. | 25,205 | 1,112 |
| | Patterson Cos. Inc. | 42,834 | 1,112 |
| * | American Airlines Group Inc. | 78,262 | 1,110 |
| | Coca-Cola Consolidated Inc. | 2,273 | 1,107 |
| * | TripAdvisor Inc. | 46,872 | 1,107 |
| | Cogent Communications Holdings Inc. | 21,004 | 1,103 |
| | JBG SMITH Properties | 56,021 | 1,102 |
| * | Perficient Inc. | 16,429 | 1,100 |
| | Arbor Realty Trust Inc. | 79,491 | 1,095 |
| | Community Trust Bancorp Inc. | 23,091 | 1,092 |
| | Gap Inc. | 96,769 | 1,091 |
| | Dana Inc. | 68,318 | 1,090 |
| | MGE Energy Inc. | 15,992 | 1,089 |
| * | Appfolio Inc. Class A | 8,656 | 1,085 |
| | Ubiquiti Inc. | 3,128 | 1,085 |
| | KB Home | 37,613 | 1,084 |
| * | Nomad Foods Ltd. | 70,383 | 1,084 |
| | | Shares | Market
Value•
($000) |
| | Hannon Armstrong Sustainable Infrastructure Capital Inc. | 39,664 | 1,078 |
| *,1 | QuantumScape Corp. Class A | 129,373 | 1,078 |
| | Papa John's International Inc. | 14,832 | 1,077 |
| | DigitalBridge Group Inc. | 84,167 | 1,077 |
| | Piper Sandler Cos. | 8,412 | 1,076 |
| | Kontoor Brands Inc. | 30,052 | 1,073 |
| | Independent Bank Group Inc. | 16,979 | 1,071 |
| * | Arconic Corp. | 51,536 | 1,070 |
| | Virtu Financial Inc. Class A | 47,708 | 1,068 |
| | Cal-Maine Foods Inc. | 18,872 | 1,066 |
| | EVERTEC Inc. | 29,765 | 1,066 |
| | Stock Yards Bancorp Inc. | 13,620 | 1,065 |
| * | Stem Inc. | 78,268 | 1,064 |
| * | Helen of Troy Ltd. | 11,192 | 1,059 |
| | Red Rock Resorts Inc. Class A | 25,354 | 1,056 |
| * | Enovix Corp. | 55,807 | 1,053 |
| * | Palomar Holdings Inc. | 11,831 | 1,052 |
| | Stepan Co. | 10,049 | 1,050 |
| | Kennametal Inc. | 39,211 | 1,047 |
| | Nordstrom Inc. | 51,289 | 1,043 |
| * | Kyndryl Holdings Inc. | 107,849 | 1,043 |
| | Chesapeake Utilities Corp. | 8,380 | 1,042 |
| | Progress Software Corp. | 20,360 | 1,039 |
| * | Focus Financial Partners Inc. Class A | 29,690 | 1,033 |
| | Trustmark Corp. | 28,229 | 1,032 |
| | Pebblebrook Hotel Trust | 64,134 | 1,029 |
| * | Dorman Products Inc. | 12,593 | 1,028 |
| | Quaker Chemical Corp. | 6,306 | 1,026 |
| * | AZEK Co. Inc. Class A | 58,614 | 1,026 |
| | Delek US Holdings Inc. | 34,551 | 1,025 |
| * | Bumble Inc. Class A | 40,304 | 1,024 |
| * | Leslie's Inc. | 72,653 | 1,020 |
| | Cheesecake Factory Inc. | 28,386 | 1,017 |
| * | Driven Brands Holdings Inc. | 31,744 | 1,015 |
| * | Shake Shack Inc. Class A | 18,251 | 1,014 |
| * | Axos Financial Inc. | 26,006 | 1,013 |
| | MDC Holdings Inc. | 33,249 | 1,013 |
| | Rush Enterprises Inc. Class A | 20,301 | 1,013 |
| * | Itron Inc. | 20,684 | 1,011 |
| | NewMarket Corp. | 3,315 | 1,009 |
| * | Signify Health Inc. Class A | 34,375 | 1,005 |
| * | Semtech Corp. | 36,106 | 1,000 |
| | Amkor Technology Inc. | 48,020 | 998 |
| | Edgewell Personal Care Co. | 25,455 | 998 |
| | Brady Corp. Class A | 21,799 | 997 |
| | Chimera Investment Corp. | 147,375 | 995 |
| * | Global-e Online Ltd. | 39,241 | 992 |
| * | Callon Petroleum Co. | 22,518 | 990 |
| * | Insmed Inc. | 57,019 | 988 |
| * | Herbalife Nutrition Ltd. | 46,379 | 986 |
| | | Shares | Market
Value•
($000) |
| * | Adtalem Global Education Inc. | 23,481 | 979 |
| * | Ameresco Inc. Class A | 16,182 | 979 |
| | Four Corners Property Trust Inc. | 37,979 | 973 |
| | Bloomin' Brands Inc. | 40,428 | 971 |
| * | Appian Corp. Class A | 19,836 | 968 |
| * | Gentherm Inc. | 16,459 | 962 |
| | Hamilton Lane Inc. Class A | 16,075 | 962 |
| * | Renasant Corp. | 23,837 | 962 |
| | Esab Corp. | 25,748 | 960 |
| * | LGI Homes Inc. | 10,351 | 953 |
| | SJW Group | 13,475 | 952 |
| * | Integer Holdings Corp. | 15,230 | 949 |
| | CSG Systems International Inc. | 14,648 | 947 |
| | EnPro Industries Inc. | 8,895 | 947 |
| * | NMI Holdings Inc. Class A | 43,198 | 947 |
| * | PagerDuty Inc. | 37,927 | 946 |
| | Winnebago Industries Inc. | 15,851 | 946 |
| * | Sonos Inc. | 58,614 | 945 |
| * | Cushman & Wakefield plc | 81,663 | 943 |
| * | Sage Therapeutics Inc. | 25,016 | 942 |
| * | Trupanion Inc. | 18,608 | 939 |
| | Installed Building Products Inc. | 10,879 | 936 |
| | Kadant Inc. | 5,250 | 934 |
| * | Ambarella Inc. | 17,062 | 934 |
| | Bank of NT Butterfield & Son Ltd. | 27,051 | 934 |
| | NBT Bancorp Inc. | 19,696 | 933 |
| | Heartland Financial USA Inc. | 18,901 | 932 |
| * | ACADIA Pharmaceuticals Inc. | 58,109 | 931 |
| | Spectrum Brands Holdings Inc. | 20,166 | 930 |
| | DiamondRock Hospitality Co. | 99,512 | 929 |
| * | Duolingo Inc. | 11,323 | 927 |
| | Flagstar Bancorp Inc. | 23,872 | 924 |
| 1 | ZIM Integrated Shipping Services Ltd. | 39,297 | 923 |
| *,1 | Luminar Technologies Inc. Class A | 113,915 | 922 |
| | ArcBest Corp. | 11,555 | 918 |
| * | Cavco Industries Inc. | 4,045 | 917 |
| | Horace Mann Educators Corp. | 23,238 | 917 |
| | RLJ Lodging Trust | 75,363 | 917 |
| | Scotts Miracle-Gro Co. | 19,984 | 917 |
| * | AtriCure Inc. | 21,744 | 916 |
| | International Game Technology plc | 45,425 | 911 |
| * | DoubleVerify Holdings Inc. | 31,127 | 910 |
| | Xerox Holdings Corp. | 62,127 | 909 |
| * | Silvergate Capital Corp. Class A | 15,947 | 905 |
| | Carpenter Technology Corp. | 24,034 | 899 |
| | News Corp. Class B | 52,508 | 899 |
| | Kennedy-Wilson Holdings Inc. | 54,015 | 897 |
| * | Sabre Corp. | 154,416 | 897 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Cannae Holdings Inc. | 38,628 | 895 |
| | BancFirst Corp. | 9,305 | 892 |
| 1 | ADT Inc. | 105,315 | 891 |
| | Tanger Factory Outlet Centers Inc. | 49,387 | 889 |
| * | ODP Corp. | 22,414 | 887 |
| | Xenia Hotels & Resorts Inc. | 51,859 | 886 |
| * | Allscripts Healthcare Solutions Inc. | 60,100 | 883 |
| * | frontdoor Inc. | 39,939 | 881 |
| * | Tri Pointe Homes Inc. | 52,473 | 879 |
| | Uniti Group Inc. | 113,314 | 879 |
| * | Sunnova Energy International Inc. | 47,438 | 879 |
| | Hilltop Holdings Inc. | 30,073 | 871 |
| * | Myriad Genetics Inc. | 41,986 | 871 |
| * | Supernus Pharmaceuticals Inc. | 25,267 | 866 |
| * | Six Flags Entertainment Corp. | 38,712 | 863 |
| | Bread Financial Holdings Inc. | 23,757 | 858 |
| | Lindsay Corp. | 5,066 | 858 |
| | Nu Skin Enterprises Inc. Class A | 22,475 | 858 |
| | Sylvamo Corp. | 17,721 | 854 |
| | Inter Parfums Inc. | 10,551 | 853 |
| | Atlantica Sustainable Infrastructure plc | 30,780 | 853 |
| * | NexTier Oilfield Solutions Inc. | 84,553 | 852 |
| * | CCC Intelligent Solutions Holdings Inc. | 91,312 | 852 |
| * | Maravai LifeSciences Holdings Inc. Class A | 51,222 | 850 |
| | Artisan Partners Asset Management Inc. Class A | 29,635 | 845 |
| | Navient Corp. | 55,555 | 841 |
| | Reynolds Consumer Products Inc. | 27,487 | 839 |
| | Strategic Education Inc. | 12,125 | 837 |
| * | REVOLUTION Medicines Inc. | 41,313 | 837 |
| | Energizer Holdings Inc. | 28,889 | 835 |
| | Helios Technologies Inc. | 14,707 | 834 |
| | Minerals Technologies Inc. | 15,102 | 831 |
| * | Air Transport Services Group Inc. | 28,409 | 830 |
| | Enerpac Tool Group Corp. Class A | 32,660 | 830 |
| * | Twist Bioscience Corp. | 25,255 | 829 |
| | John Wiley & Sons Inc. Class A | 19,648 | 829 |
| * | Comstock Resources Inc. | 44,107 | 828 |
| * | Q2 Holdings Inc. | 26,681 | 828 |
| * | AdaptHealth Corp. Class A | 36,085 | 823 |
| | CareTrust REIT Inc. | 43,980 | 822 |
| | Jack in the Box Inc. | 9,299 | 820 |
| * | Novavax Inc. | 36,785 | 819 |
| | Embecta Corp. | 26,479 | 819 |
| *,1 | Upstart Holdings Inc. | 35,220 | 816 |
| * | Core & Main Inc. Class A | 34,507 | 814 |
| | | Shares | Market
Value•
($000) |
| * | Allegro MicroSystems Inc. | 31,987 | 813 |
| * | Vir Biotechnology Inc. | 36,954 | 812 |
| * | Fate Therapeutics Inc. | 38,709 | 810 |
| | Monro Inc. | 16,837 | 804 |
| * | JFrog Ltd. | 31,596 | 803 |
| * | Central Garden & Pet Co. Class A | 20,483 | 802 |
| * | Pediatrix Medical Group Inc. | 41,186 | 799 |
| * | Under Armour Inc. Class C | 121,796 | 799 |
| * | Liberty Media Corp.- Liberty Braves Class C | 25,607 | 798 |
| * | American Eagle Outfitters Inc. | 70,077 | 796 |
| * | KAR Auction Services Inc. | 54,712 | 795 |
| * | Upwork Inc. | 59,125 | 795 |
| | Washington REIT | 41,667 | 795 |
| * | Relay Therapeutics Inc. | 35,749 | 794 |
| | Oxford Industries Inc. | 7,794 | 793 |
| | Barnes Group Inc. | 22,321 | 789 |
| | Materion Corp. | 9,207 | ��� 789 |
| * | Neogen Corp. | 59,581 | 786 |
| | Northwest Natural Holding Co. | 16,251 | 782 |
| | Sandy Spring Bancorp Inc. | 22,079 | 782 |
| * | Dave & Buster's Entertainment Inc. | 19,611 | 781 |
| * | SunPower Corp. | 42,263 | 781 |
| * | Urban Outfitters Inc. | 32,671 | 780 |
| * | Masonite International Corp. | 10,891 | 779 |
| | MillerKnoll Inc. | 36,574 | 775 |
| * | Hain Celestial Group Inc. | 41,353 | 774 |
| * | Ironwood Pharmaceuticals Inc. Class A | 70,785 | 774 |
| * | Recursion Pharmaceuticals Inc. Class A | 73,400 | 774 |
| | Westamerica BanCorp | 12,320 | 773 |
| | Maxar Technologies Inc. | 34,451 | 770 |
| * | TechTarget Inc. | 11,925 | 770 |
| * | Veracyte Inc. | 38,098 | 766 |
| * | Agios Pharmaceuticals Inc. | 27,766 | 765 |
| | Pegasystems Inc. | 20,508 | 763 |
| | Hudson Pacific Properties Inc. | 69,058 | 762 |
| * | Huron Consulting Group Inc. | 10,335 | 761 |
| | Telephone and Data Systems Inc. | 44,774 | 761 |
| *,1 | Fisker Inc. | 93,261 | 760 |
| * | Boot Barn Holdings Inc. | 13,367 | 759 |
| | Acushnet Holdings Corp. | 16,284 | 758 |
| | Greif Inc. Class A | 11,453 | 758 |
| | InterDigital Inc. | 15,194 | 758 |
| | MGP Ingredients Inc. | 6,767 | 758 |
| | Worthington Industries Inc. | 15,924 | 757 |
| * | Xencor Inc. | 27,031 | 757 |
| * | Cargurus Inc. | 51,906 | 756 |
| | PriceSmart Inc. | 11,792 | 754 |
| | | Shares | Market
Value•
($000) |
| | Northwest Bancshares Inc. | 49,899 | 751 |
| | Urban Edge Properties | 53,038 | 749 |
| * | FormFactor Inc. | 36,946 | 747 |
| | World Fuel Services Corp. | 29,267 | 746 |
| * | Jamf Holding Corp. | 31,411 | 743 |
| | Griffon Corp. | 23,052 | 741 |
| * | Gibraltar Industries Inc. | 14,424 | 737 |
| * | Iovance Biotherapeutics Inc. | 78,711 | 735 |
| | Retail Opportunity Investments Corp. | 50,699 | 734 |
| * | Myovant Sciences Ltd. | 27,452 | 734 |
| * | Zillow Group Inc. Class A | 23,645 | 731 |
| * | Cerevel Therapeutics Holdings Inc. | 25,967 | 726 |
| | Methode Electronics Inc. | 17,484 | 721 |
| | Vector Group Ltd. | 67,814 | 720 |
| | Apollo Commercial Real Estate Finance Inc. | 63,892 | 719 |
| | Nelnet Inc. Class A | 8,072 | 719 |
| * | Privia Health Group Inc. | 21,480 | 719 |
| * | Vista Outdoor Inc. | 24,718 | 718 |
| * | TTM Technologies Inc. | 46,855 | 717 |
| * | Arcus Biosciences Inc. | 28,112 | 716 |
| | Hope Bancorp Inc. | 52,761 | 716 |
| | Apartment Investment and Management Co. Class A | 90,237 | 716 |
| * | Coursera Inc. | 55,361 | 714 |
| | PennyMac Financial Services Inc. | 13,324 | 710 |
| * | Liberty Broadband Corp. Class A | 8,298 | 708 |
| * | Parsons Corp. | 15,086 | 707 |
| | LTC Properties Inc. | 18,224 | 705 |
| * | Axsome Therapeutics Inc. | 15,577 | 703 |
| | Provident Financial Services Inc. | 31,359 | 703 |
| *,1 | Cassava Sciences Inc. | 19,252 | 702 |
| * | Asana Inc. Class A | 33,893 | 698 |
| * | FuelCell Energy Inc. | 223,482 | 697 |
| * | Paycor HCM Inc. | 22,849 | 696 |
| * | Sally Beauty Holdings Inc. | 54,343 | 691 |
| | Tronox Holdings plc Class A | 57,509 | 690 |
| | BGC Partners Inc. Class A | 173,806 | 688 |
| * | AAR Corp. | 15,514 | 688 |
| | Granite Construction Inc. | 20,364 | 687 |
| * | NOW Inc. | 53,915 | 686 |
| * | MakeMyTrip Ltd. | 24,561 | 684 |
| | Cohen & Steers Inc. | 11,348 | 683 |
| * | Alaska Air Group Inc. | 15,277 | 679 |
| | Dillard's Inc. Class A | 2,055 | 676 |
| * | Nevro Corp. | 17,621 | 676 |
| | Alexander & Baldwin Inc. | 34,669 | 675 |
| | Gray Television Inc. | 47,450 | 671 |
| * | CryoPort Inc. | 24,143 | 670 |
| | Weis Markets Inc. | 7,154 | 670 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| *,1 | Marathon Digital Holdings Inc. | 50,951 | 668 |
| * | Kratos Defense & Security Solutions Inc. | 59,802 | 663 |
| *,1 | iRobot Corp. | 11,723 | 662 |
| * | Sitime Corp. | 7,376 | 662 |
| | Medifast Inc. | 5,653 | 661 |
| * | Harmony Biosciences Holdings Inc. | 12,634 | 657 |
| | Mativ Holdings Inc. | 27,549 | 654 |
| * | Zentalis Pharmaceuticals Inc. | 26,030 | 653 |
| | Eagle Bancorp Inc. | 14,403 | 652 |
| | National Beverage Corp. | 13,663 | 648 |
| | Compass Minerals International Inc. | 16,311 | 645 |
| * | Certara Inc. | 52,291 | 640 |
| * | CorVel Corp. | 3,860 | 634 |
| | H&E Equipment Services Inc. | 16,789 | 634 |
| * | Brinker International Inc. | 18,946 | 633 |
| | ProAssurance Corp. | 28,447 | 632 |
| * | Ligand Pharmaceuticals Inc. | 7,163 | 628 |
| * | Constellium SE Class A | 56,960 | 628 |
| | Acadia Realty Trust | 44,815 | 626 |
| | Rent-A-Center Inc. | 30,007 | 626 |
| | American Assets Trust Inc. | 22,751 | 625 |
| | Shutterstock Inc. | 12,488 | 625 |
| * | PRA Group Inc. | 18,633 | 624 |
| * | Digital Turbine Inc. | 42,521 | 621 |
| | PennyMac Mortgage Investment Trust | 44,762 | 621 |
| * | Schrodinger Inc. | 25,851 | 620 |
| | HNI Corp. | 21,342 | 619 |
| | St. Joe Co. | 17,413 | 619 |
| * | American Axle & Manufacturing Holdings Inc. | 63,676 | 617 |
| * | 3D Systems Corp. | 69,731 | 616 |
| * | Beauty Health Co. | 53,810 | 615 |
| * | Freedom Holding Corp. | 11,075 | 614 |
| *,1 | Carvana Co. Class A | 45,316 | 613 |
| | Century Communities Inc. | 13,694 | 610 |
| | Global Net Lease Inc. | 49,816 | 610 |
| * | Veris Residential Inc. | 38,511 | 610 |
| | Newmark Group Inc. Class A | 74,316 | 609 |
| | SFL Corp. Ltd. | 59,677 | 609 |
| * | Encore Capital Group Inc. | 11,915 | 607 |
| | Laureate Education Inc. Class A | 48,004 | 607 |
| | Berkshire Hills Bancorp Inc. | 20,730 | 606 |
| * | Kornit Digital Ltd. | 22,643 | 605 |
| | Kaiser Aluminum Corp. | 7,471 | 604 |
| | Wolverine World Wide Inc. | 35,104 | 601 |
| * | Gates Industrial Corp. plc | 53,634 | 598 |
| * | FibroGen Inc. | 36,683 | 597 |
| * | Surgery Partners Inc. | 21,940 | 597 |
| * | Oceaneering International Inc. | 42,470 | 594 |
| | City Holding Co. | 5,856 | 591 |
| | | Shares | Market
Value•
($000) |
| | Schneider National Inc. Class B | 26,098 | 580 |
| * | Madison Square Garden Entertainment Corp. | 11,785 | 578 |
| * | Monday.com Ltd. | 5,397 | 577 |
| | CTS Corp. | 14,567 | 576 |
| | Safety Insurance Group Inc. | 6,602 | 574 |
| * | LiveRamp Holdings Inc. | 31,163 | 572 |
| * | OSI Systems Inc. | 6,955 | 572 |
| | Owens & Minor Inc. | 33,453 | 569 |
| * | Phreesia Inc. | 20,794 | 568 |
| * | Liberty Media Corp.- Liberty Formula One Class A | 10,897 | 567 |
| | Buckle Inc. | 14,381 | 566 |
| * | iHeartMedia Inc. Class A | 68,369 | 566 |
| * | Flywire Corp. | 25,601 | 562 |
| * | Blucora Inc. | 25,415 | 560 |
| | Two Harbors Investment Corp. | 157,216 | 560 |
| * | Triumph Bancorp Inc. | 10,856 | 559 |
| | S&T Bancorp Inc. | 14,759 | 558 |
| * | Emergent BioSolutions Inc. | 26,640 | 556 |
| | Service Properties Trust | 68,173 | 553 |
| * | Knowles Corp. | 40,161 | 552 |
| * | Pilgrim's Pride Corp. | 23,919 | 551 |
| | Piedmont Office Realty Trust Inc. Class A | 52,600 | 550 |
| * | CoreCivic Inc. | 52,311 | 548 |
| * | Cinemark Holdings Inc. | 51,513 | 547 |
| | Shenandoah Telecommunications Co. | 24,144 | 547 |
| * | Opendoor Technologies Inc. | 211,338 | 547 |
| * | Piedmont Lithium Inc. ADR | 8,785 | 547 |
| | Capitol Federal Financial Inc. | 66,793 | 546 |
| * | NextGen Healthcare Inc. | 27,238 | 546 |
| | La-Z-Boy Inc. | 21,962 | 544 |
| | Paramount Group Inc. | 83,852 | 543 |
| | Universal Corp. | 10,718 | 542 |
| | CVR Energy Inc. | 13,840 | 541 |
| | Getty Realty Corp. | 17,159 | 540 |
| | Virtus Investment Partners Inc. | 3,148 | 540 |
| | Apogee Enterprises Inc. | 11,679 | 536 |
| * | Under Armour Inc. Class A | 71,817 | 535 |
| * | Everbridge Inc. | 16,999 | 533 |
| | Clearway Energy Inc. Class A | 16,425 | 531 |
| * | Madrigal Pharmaceuticals Inc. | 7,504 | 531 |
| | Brookline Bancorp Inc. | 38,447 | 529 |
| *,1 | Nikola Corp. | 139,520 | 529 |
| * | E2open Parent Holdings Inc. | 90,762 | 529 |
| | Greenbrier Cos. Inc. | 14,916 | 527 |
| * | NeoGenomics Inc. | 68,879 | 524 |
| | Adeia Inc. | 46,655 | 522 |
| | | Shares | Market
Value•
($000) |
| | CNA Financial Corp. | 12,477 | 520 |
| * | Multiplan Corp. | 180,356 | 518 |
| | Dine Brands Global Inc. | 7,146 | 515 |
| | TriMas Corp. | 22,469 | 513 |
| | Primoris Services Corp. | 25,335 | 512 |
| | Kaman Corp. | 15,779 | 507 |
| * | Alector Inc. | 55,080 | 507 |
| * | Petco Health & Wellness Co. Inc. Class A | 48,186 | 507 |
| * | Bridgebio Pharma Inc. | 48,511 | 506 |
| | eXp World Holdings Inc. | 38,327 | 506 |
| * | American Well Corp. Class A | 123,643 | 506 |
| *,1 | Virgin Galactic Holdings Inc. | 109,292 | 505 |
| *,1 | IonQ Inc. | 85,514 | 504 |
| | Ladder Capital Corp. Class A | 47,112 | 503 |
| | Employers Holdings Inc. | 11,517 | 502 |
| * | Overstock.com Inc. | 21,465 | 499 |
| | Scholastic Corp. | 13,070 | 498 |
| * | GEO Group Inc. | 58,700 | 497 |
| | Krispy Kreme Inc. | 34,651 | 497 |
| * | Avanos Medical Inc. | 22,265 | 493 |
| | Empire State Realty Trust Inc. Class A | 66,796 | 492 |
| * | Green Dot Corp. Class A | 25,861 | 492 |
| * | Playtika Holding Corp. | 52,037 | 492 |
| | AZZ Inc. | 12,119 | 487 |
| | First Commonwealth Financial Corp. | 33,977 | 487 |
| * | Beyond Meat Inc. | 30,758 | 483 |
| * | Fastly Inc. Class A | 56,854 | 483 |
| * | Momentive Global Inc. | 62,185 | 483 |
| | Centerspace | 6,961 | 482 |
| * | Vicor Corp. | 10,070 | 481 |
| 1 | B&G Foods Inc. | 29,285 | 480 |
| | Washington Trust Bancorp Inc. | 9,877 | 479 |
| * | Alignment Healthcare Inc. | 36,176 | 479 |
| | Brandywine Realty Trust | 72,897 | 478 |
| * | Enanta Pharmaceuticals Inc. | 10,589 | 478 |
| | Standex International Corp. | 4,802 | 476 |
| * | Kymera Therapeutics Inc. | 15,668 | 475 |
| * | Lemonade Inc. | 19,513 | 472 |
| | MFA Financial Inc. | 47,099 | 469 |
| * | Aurinia Pharmaceuticals Inc. | 57,383 | 467 |
| | Healthcare Services Group Inc. | 33,136 | 463 |
| | Orion Engineered Carbons SA | 28,976 | 462 |
| * | PROG Holdings Inc. | 27,901 | 461 |
| | Astec Industries Inc. | 10,495 | 458 |
| * | BigCommerce Holdings Inc. Series 1 | 30,789 | 458 |
| * | Allogene Therapeutics Inc. | 44,313 | 456 |
| * | Brookdale Senior Living Inc. | 101,703 | 455 |
| | Tennant Co. | 7,808 | 455 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| * | Abercrombie & Fitch Co. Class A | 25,701 | 452 |
| * | LivePerson Inc. | 42,732 | 452 |
| | Patrick Industries Inc. | 9,890 | 452 |
| * | Duck Creek Technologies Inc. | 37,886 | 452 |
| * | Coeur Mining Inc. | 119,410 | 451 |
| 1 | Atlas Corp. | 30,473 | 451 |
| * | JELD-WEN Holding Inc. | 42,393 | 450 |
| * | Figs Inc. Class A | 60,855 | 449 |
| | GrafTech International Ltd. | 86,954 | 443 |
| * | Proto Labs Inc. | 11,574 | 442 |
| | Archrock Inc. | 58,248 | 437 |
| * | CareDx Inc. | 21,950 | 437 |
| | Live Oak Bancshares Inc. | 13,424 | 436 |
| | TTEC Holdings Inc. | 9,745 | 433 |
| * | Lions Gate Entertainment Corp. Class B | 56,830 | 431 |
| * | G-III Apparel Group Ltd. | 22,021 | 429 |
| * | LegalZoom.Com Inc. | 46,145 | 427 |
| * | PROS Holdings Inc. | 16,860 | 421 |
| | Marcus & Millichap Inc. | 11,387 | 419 |
| * | Varex Imaging Corp. | 18,948 | 419 |
| * | Fulgent Genetics Inc. | 10,541 | 418 |
| | Core Laboratories NV | 21,277 | 414 |
| * | Fiverr International Ltd. | 13,383 | 414 |
| * | Innoviva Inc. | 30,153 | 409 |
| | Sempra Energy | 2,901 | 405 |
| * | Magnite Inc. | 55,397 | 404 |
| * | ScanSource Inc. | 12,784 | 396 |
| * | Thoughtworks Holding Inc. | 41,046 | 394 |
| | Brightsphere Investment Group Inc. | 20,577 | 387 |
| | Fresh Del Monte Produce Inc. | 14,697 | 383 |
| * | REGENXBIO Inc. | 16,145 | 382 |
| * | Stratasys Ltd. | 26,321 | 381 |
| * | C3.ai Inc. Class A | 29,035 | 381 |
| | Sturm Ruger & Co. Inc. | 6,775 | 380 |
| | Redwood Trust Inc. | 53,093 | 379 |
| | Benchmark Electronics Inc. | 13,300 | 378 |
| * | Reata Pharmaceuticals Inc. Class A | 11,720 | 377 |
| * | Rocket Pharmaceuticals Inc. | 20,197 | 377 |
| * | Anywhere Real Estate Inc. | 50,541 | 376 |
| * | UniQure NV | 20,206 | 376 |
| * | Editas Medicine Inc. Class A | 29,912 | 375 |
| * | Adaptive Biotechnologies Corp. | 48,004 | 373 |
| | Mercury General Corp. | 12,865 | 373 |
| | TFS Financial Corp. | 26,397 | 371 |
| * | Liberty Media Corp.- Liberty Braves Class A | 11,567 | 369 |
| *,1 | Desktop Metal Inc. Class A | 145,759 | 369 |
| * | Liberty Latin America Ltd. Class C | 47,071 | 367 |
| | | Shares | Market
Value•
($000) |
| | Qurate Retail Inc. Series A | 156,135 | 365 |
| * | Cerence Inc. | 21,241 | 365 |
| * | Matterport Inc. | 104,642 | 365 |
| | Argo Group International Holdings Ltd. | 14,585 | 363 |
| * | Liberty Latin America Ltd. Class A | 46,654 | 363 |
| | Trinseo plc | 19,194 | 361 |
| | Heartland Express Inc. | 24,180 | 360 |
| | Lennar Corp. Class B | 5,495 | 358 |
| * | OPKO Health Inc. | 188,678 | 358 |
| | Sinclair Broadcast Group Inc. Class A | 20,097 | 358 |
| * | N-Able Inc. | 32,736 | 355 |
| * | Consensus Cloud Solutions Inc. | 6,326 | 355 |
| 1 | ARMOUR Residential REIT Inc. | 66,099 | 352 |
| | Brightspire Capital Inc. Class A | 45,895 | 352 |
| | iStar Inc. | 32,915 | 345 |
| | RPT Realty | 37,104 | 345 |
| * | SpringWorks Therapeutics Inc. | 14,261 | 342 |
| * | Open Lending Corp. Class A | 47,490 | 341 |
| * | Sotera Health Co. | 49,492 | 341 |
| | Office Properties Income Trust | 22,222 | 340 |
| *,1 | Sorrento Therapeutics Inc. | 216,540 | 340 |
| | Ardagh Metal Packaging SA | 76,458 | 339 |
| | 1st Source Corp. | 5,811 | 338 |
| * | TrueBlue Inc. | 17,141 | 337 |
| * | Columbia Financial Inc. | 16,116 | 331 |
| | Spirit Airlines Inc. | 15,045 | 331 |
| | Summit Hotel Properties Inc. | 37,496 | 324 |
| | Deluxe Corp. | 17,541 | 322 |
| * | Nektar Therapeutics Class A | 84,039 | 316 |
| * | EW Scripps Co. Class A | 22,243 | 316 |
| * | TG Therapeutics Inc. | 54,225 | 316 |
| | Matthews International Corp. Class A | 11,719 | 315 |
| * | Hayward Holdings Inc. | 33,819 | 313 |
| *,1 | Mister Car Wash Inc. | 35,219 | 311 |
| * | Enhabit Inc. | 25,033 | 311 |
| | Calavo Growers Inc. | 8,949 | 310 |
| * | EchoStar Corp. Class A | 16,414 | 310 |
| | Steelcase Inc. Class A | 39,211 | 305 |
| * | American Woodmark Corp. | 6,654 | 302 |
| | WisdomTree Investments Inc. | 55,362 | 301 |
| *,1 | Amyris Inc. | 106,726 | 300 |
| | Republic Bancorp Inc. Class A | 6,430 | 298 |
| * | Vivint Smart Home Inc. | 38,845 | 297 |
| | Guess? Inc. | 17,200 | 292 |
| * | JetBlue Airways Corp. | 36,310 | 292 |
| * | USANA Health Sciences Inc. | 5,489 | 288 |
| | Safehold Inc. | 9,605 | 281 |
| | Kearny Financial Corp. | 27,587 | 280 |
| | | Shares | Market
Value•
($000) |
| * | Sleep Number Corp. | 10,053 | 279 |
| * | AMC Networks Inc. Class A | 12,292 | 277 |
| | Matson Inc. | 3,700 | 272 |
| | Big Lots Inc. | 14,278 | 269 |
| * | Yext Inc. | 49,502 | 263 |
| * | Olaplex Holdings Inc. | 59,801 | 263 |
| * | Xperi Inc. | 18,662 | 261 |
| *,1 | MicroVision Inc. | 70,167 | 257 |
| * | Biohaven Ltd. | 15,286 | 253 |
| * | SiriusPoint Ltd. | 38,928 | 250 |
| * | Universal Health Realty Income Trust | 5,094 | 248 |
| * | TuSimple Holdings Inc. Class A | 71,638 | 246 |
| * | SolarWinds Corp. | 26,159 | 244 |
| * | Paysafe Ltd. | 164,166 | 240 |
| * | Imax Corp. | 18,800 | 239 |
| * | Theravance Biopharma Inc. | 23,691 | 236 |
| | Ormat Technologies Inc. | 2,610 | 236 |
| * | Lions Gate Entertainment Corp. Class A | 29,135 | 235 |
| * | Vimeo Inc. | 60,576 | 230 |
| * | FARO Technologies Inc. | 7,831 | 229 |
| *,1 | Sana Biotechnology Inc. | 39,368 | 228 |
| | Orion Office REIT Inc. | 24,095 | 226 |
| * | ContextLogic Inc. Class A | 273,106 | 214 |
| * | Redfin Corp. | 44,178 | 212 |
| | Saul Centers Inc. | 5,132 | 210 |
| * | NanoString Technologies Inc. | 19,248 | 201 |
| * | Century Aluminum Co. | 27,189 | 196 |
| | Alexander's Inc. | 800 | 188 |
| | NortonLifeLock Inc. | 8,363 | 188 |
| * | 8x8 Inc. | 43,665 | 185 |
| * | 2U Inc. | 29,764 | 184 |
| * | Cimpress plc | 7,821 | 182 |
| * | Forrester Research Inc. | 4,285 | 181 |
| * | Harsco Corp. | 33,641 | 178 |
| * | CureVac NV | 23,294 | 170 |
| * | WeWork Inc. Class A | 62,709 | 161 |
| * | Atara Biotherapeutics Inc. | 33,071 | 154 |
| | ACCO Brands Corp. | 31,661 | 146 |
| *,1 | Piedmont Lithium Inc. GDR | 229,729 | 140 |
| * | Cardlytics Inc. | 13,366 | 126 |
| * | Allegiant Travel Co. | 1,626 | 122 |
| * | Taro Pharmaceutical Industries Ltd. | 3,800 | 114 |
| * | SkyWest Inc. | 4,085 | 72 |
| * | Block Inc. | 1,097 | 65 |
| * | Transocean Ltd. | 8,480 | 31 |
| | Douglas Elliman Inc. | 219 | 1 |
| *,3 | Yandex NV Class A | 151,757 | — |
| | | | 19,099,099 |
Total Common Stocks
(Cost $27,741,793) | 31,083,631 |
Total World Stock Index Fund
| | | Shares | Market
Value•
($000) |
| Temporary Cash Investments (1.0%) |
| Money Market Fund (1.0%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $303,363) | 3,034,578 | 303,397 |
| Total Investments (100.5%) (Cost $28,045,156) | 31,387,028 |
| Other Assets and Liabilities—Net (-0.5%) | (147,011) |
| Net Assets (100%) | 31,240,017 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $179,551,000. |
| 2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $331,877,000, representing 1.1% of net assets. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $193,859,000 was received for securities on loan. |
| | ADR—American Depositary Receipt. |
| | GDR—Global Depositary Receipt. |
| | NVDR—Non-Voting Depository Receipt. |
| | Ptg. Ctf.—Participating Certificates. |
| | REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| E-mini Russell 2000 Index | December 2022 | 156 | 14,454 | 892 |
| E-mini S&P 500 Index | December 2022 | 404 | 78,437 | 4,281 |
| MSCI EAFE Index | December 2022 | 408 | 35,820 | 1,079 |
| MSCI Emerging Markets Index | December 2022 | 393 | 16,773 | (408) |
| S&P TSX 60 Index | December 2022 | 25 | 4,322 | 187 |
| | | | | 6,031 |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| State Street Bank & Trust Co. | 12/21/22 | AUD | 9,801 | USD | 6,092 | 188 | — |
| Toronto-Dominion Bank | 12/21/22 | AUD | 4,017 | USD | 2,525 | 49 | — |
| Bank of America, N.A. | 12/21/22 | CAD | 2,648 | USD | 2,015 | — | (70) |
| Bank of America, N.A. | 12/21/22 | INR | 498,612 | USD | 6,190 | — | (193) |
| Morgan Stanley Capital Services Inc. | 12/21/22 | USD | 9,325 | AUD | 13,831 | 463 | — |
| Bank of Montreal | 12/21/22 | USD | 397 | AUD | 585 | 22 | — |
| Barclays Bank plc | 12/21/22 | USD | 3,187 | BRL | 17,025 | — | (72) |
| Bank of America, N.A. | 12/21/22 | USD | 12,481 | CHF | 12,172 | 246 | — |
| Morgan Stanley Capital Services Inc. | 12/21/22 | USD | 570 | DKK | 4,237 | 5 | — |
Total World Stock Index Fund
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| Bank of Montreal | 12/21/22 | USD | 5,214 | EUR | 5,228 | 25 | — |
| Bank of America, N.A. | 12/21/22 | USD | 6,564 | GBP | 5,679 | 39 | — |
| Standard Chartered Bank | 12/21/22 | USD | 3,356 | HKD | 26,298 | 4 | — |
| UBS AG | 12/21/22 | USD | 14,412 | JPY | 2,065,592 | 425 | — |
| Bank of Montreal | 12/21/22 | USD | 3,266 | JPY | 460,574 | 147 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 1,927 | KRW | 2,645,559 | 67 | — |
| BNP Paribas | 12/21/22 | USD | 11,657 | TWD | 358,705 | 475 | — |
| | | | | | | 2,155 | (335) |
| AUD—Australian dollar. |
| BRL—Brazilian real. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| DKK—Danish krone. |
| EUR—euro. |
| GBP—British pound. |
| HKD—Hong Kong dollar. |
| INR—Indian rupee. |
| JPY—Japanese yen. |
| KRW—Korean won. |
| TWD—Taiwanese dollar. |
| USD—U.S. dollar. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $793,000 and cash of $630,000 in connection with open forward currency contracts.
Total World Stock Index Fund
Statement of Assets and Liabilities
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $27,741,793) | 31,083,631 |
| Affiliated Issuers (Cost $303,363) | 303,397 |
| Total Investments in Securities | 31,387,028 |
| Investment in Vanguard | 1,140 |
| Cash | 14,526 |
| Cash Collateral Pledged—Futures Contracts | 7,837 |
| Foreign Currency, at Value (Cost $21,959) | 20,296 |
| Receivables for Investment Securities Sold | 2,207 |
| Receivables for Accrued Income | 56,481 |
| Receivables for Capital Shares Issued | 9,590 |
| Unrealized Appreciation—Forward Currency Contracts | 2,155 |
| Total Assets | 31,501,260 |
| Liabilities | |
| Payables for Investment Securities Purchased | 42,628 |
| Collateral for Securities on Loan | 193,859 |
| Payables for Capital Shares Redeemed | 6,949 |
| Payables to Vanguard | 1,567 |
| Variation Margin Payable—Futures Contracts | 945 |
| Unrealized Depreciation—Forward Currency Contracts | 335 |
| Deferred Foreign Capital Gains Taxes | 14,960 |
| Total Liabilities | 261,243 |
| Net Assets | 31,240,017 |
| 1 Includes $179,551 of securities on loan. | |
| At October 31, 2022, net assets consisted of: | |
| | |
| Paid-in Capital | 28,787,688 |
| Total Distributable Earnings (Loss) | 2,452,329 |
| Net Assets | 31,240,017 |
| |
| ETF Shares—Net Assets | |
Applicable to 268,280,472 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 22,482,766 |
| Net Asset Value Per Share—ETF Shares | $83.80 |
| |
| Admiral Shares—Net Assets | |
Applicable to 155,735,697 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 4,623,624 |
| Net Asset Value Per Share—Admiral Shares | $29.69 |
| |
| Institutional Shares—Net Assets | |
Applicable to 24,152,977 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 4,133,627 |
| Net Asset Value Per Share—Institutional Shares | $171.14 |
See accompanying Notes, which are an integral part of the Financial Statements.
Total World Stock Index Fund
Statement of Operations
|
| | Year Ended
October 31, 2022 |
| | ($000) |
| Investment Income | |
| Income | |
| Dividends1 | 710,979 |
| Interest2 | 1,121 |
| Securities Lending—Net | 6,238 |
| Total Income | 718,338 |
| Expenses | |
| The Vanguard Group—Note B | |
| Investment Advisory Services | 1,597 |
Management and Administrative—
ETF Shares | 13,247 |
Management and Administrative—
Admiral Shares | 4,110 |
Management and Administrative—
Institutional Shares | 2,568 |
Marketing and Distribution—
ETF Shares | 898 |
Marketing and Distribution—
Admiral Shares | 271 |
Marketing and Distribution—
Institutional Shares | 155 |
| Custodian Fees | 1,411 |
| Auditing Fees | 37 |
| Shareholders’ Reports—ETF Shares | 299 |
| Shareholders’ Reports—Admiral Shares | 63 |
| Shareholders’ Reports—Institutional Shares | 7 |
| Trustees’ Fees and Expenses | 12 |
| Other Expenses | 669 |
| Total Expenses | 25,344 |
| Expenses Paid Indirectly | (2) |
| Net Expenses | 25,342 |
| Net Investment Income | 692,996 |
| Realized Net Gain (Loss) | |
| Investment Securities Sold2 | (258,184) |
| Futures Contracts | (52,503) |
| Forward Currency Contracts | (237) |
| Foreign Currencies | (9,760) |
| Realized Net Gain (Loss) | (320,684) |
| Change in Unrealized Appreciation (Depreciation) | |
| Investment Securities2,3 | (7,650,449) |
| Futures Contracts | 2,044 |
| Forward Currency Contracts | 2,475 |
| Foreign Currencies | (3,483) |
| Change in Unrealized Appreciation (Depreciation) | (7,649,413) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (7,277,101) |
| 1 | Dividends are net of foreign withholding taxes of $38,419,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,052,000, ($78,000), $2,000, and $23,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($1,272,000). |
See accompanying Notes, which are an integral part of the Financial Statements.
Total World Stock Index Fund
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 692,996 | 524,629 |
| Realized Net Gain (Loss) | (320,684) | (67,301) |
| Change in Unrealized Appreciation (Depreciation) | (7,649,413) | 7,631,025 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (7,277,101) | 8,088,353 |
| Distributions | | |
| ETF Shares | (510,869) | (351,277) |
| Admiral Shares | (103,244) | (72,781) |
| Institutional Shares | (82,931) | (65,774) |
| Total Distributions | (697,044) | (489,832) |
| Capital Share Transactions | | |
| ETF Shares | 3,144,185 | 5,703,441 |
| Admiral Shares | 667,277 | 1,187,620 |
| Institutional Shares | 1,204,496 | (310,062) |
| Net Increase (Decrease) from Capital Share Transactions | 5,015,958 | 6,580,999 |
| Total Increase (Decrease) | (2,958,187) | 14,179,520 |
| Net Assets | | |
| Beginning of Period | 34,198,204 | 20,018,684 |
| End of Period | 31,240,017 | 34,198,204 |
Total World Stock Index Fund
| ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $106.94 | $78.87 | $76.83 | $69.96 | $72.13 |
| Investment Operations | | | | | |
| Net Investment Income1 | 2.010 | 1.838 | 1.556 | 1.801 | 1.732 |
| Net Realized and Unrealized Gain (Loss) on Investments | (23.107) | 27.954 | 2.078 | 6.825 | (2.241) |
| Total from Investment Operations | (21.097) | 29.792 | 3.634 | 8.626 | (.509) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.043) | (1.722) | (1.594) | (1.756) | (1.661) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.043) | (1.722) | (1.594) | (1.756) | (1.661) |
| Net Asset Value, End of Period | $83.80 | $106.94 | $78.87 | $76.83 | $69.96 |
| Total Return | -19.91% | 37.99% | 4.87% | 12.60% | -0.82% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $22,483 | $25,166 | $14,070 | $12,122 | $11,372 |
| Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.08% | 0.08% | 0.09% |
| Ratio of Net Investment Income to Average Net Assets | 2.12% | 1.84% | 2.03% | 2.48% | 2.32% |
| Portfolio Turnover Rate3 | 4% | 6% | 6% | 7% | 9% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| Admiral Shares | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, | February 7,
20191 to
October 31,
2019 |
| 2022 | 2021 | 2020 | |
| Net Asset Value, Beginning of Period | $37.89 | $27.94 | $27.22 | $25.00 |
| Investment Operations | | | | |
| Net Investment Income2 | .701 | .644 | .547 | .488 |
| Net Realized and Unrealized Gain (Loss) on Investments | (8.188) | 9.908 | .732 | 2.173 |
| Total from Investment Operations | (7.487) | 10.552 | 1.279 | 2.661 |
| Distributions | | | | |
| Dividends from Net Investment Income | (.713) | (.602) | (.559) | (.441) |
| Distributions from Realized Capital Gains | — | — | — | — |
| Total Distributions | (.713) | (.602) | (.559) | (.441) |
| Net Asset Value, End of Period | $29.69 | $37.89 | $27.94 | $27.22 |
| Total Return3 | -19.93% | 37.98% | 4.83% | 10.73% |
| Ratios/Supplemental Data | | | | |
| Net Assets, End of Period (Millions) | $4,624 | $5,149 | $2,842 | $2,181 |
| Ratio of Total Expenses to Average Net Assets | 0.10%4 | 0.10% | 0.10% | 0.10%5 |
| Ratio of Net Investment Income to Average Net Assets | 2.09% | 1.82% | 2.02% | 2.53%5 |
| Portfolio Turnover Rate6 | 4% | 6% | 6% | 7%7 |
| 1 | Inception. |
| 2 | Calculated based on average shares outstanding. |
| 3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
| 5 | Annualized. |
| 6 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| 7 | Reflects the fund’s portfolio turnover for the fiscal year ended October 31, 2019. |
See accompanying Notes, which are an integral part of the Financial Statements.
Total World Stock Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $218.40 | $161.08 | $156.89 | $142.87 | $147.32 |
| Investment Operations | | | | | |
| Net Investment Income1 | 4.097 | 3.694 | 3.176 | 3.702 | 3.531 |
| Net Realized and Unrealized Gain (Loss) on Investments | (47.209) | 57.129 | 4.265 | 13.907 | (4.578) |
| Total from Investment Operations | (43.112) | 60.823 | 7.441 | 17.609 | (1.047) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (4.148) | (3.503) | (3.251) | (3.589) | (3.403) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (4.148) | (3.503) | (3.251) | (3.589) | (3.403) |
| Net Asset Value, End of Period | $171.14 | $218.40 | $161.08 | $156.89 | $142.87 |
| Total Return | -19.91% | 37.97% | 4.87% | 12.57% | -0.82% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $4,134 | $3,883 | $3,107 | $2,924 | $2,570 |
| Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% |
| Ratio of Net Investment Income to Average Net Assets | 2.14% | 1.83% | 2.03% | 2.49% | 2.33% |
| Portfolio Turnover Rate3 | 4% | 6% | 6% | 7% | 9% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Total World Stock Index Fund
Notes to Financial Statements
Vanguard Total World Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
Total World Stock Index Fund
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates.
The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented less than 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
Total World Stock Index Fund
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund's understanding of the applicable countries' tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and other expenses, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $1,140,000, representing less than 0.01% of the fund’s net assets and 0.46% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
Total World Stock Index Fund
| C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $2,000 (an annual rate of less than 0.01% of average net assets). |
| D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks—North and South America | 20,388,152 | 20,152 | 100 | 20,408,404 |
| Common Stocks—Other | 178,915 | 10,493,045 | 3,267 | 10,675,227 |
| Temporary Cash Investments | 303,397 | — | — | 303,397 |
| Total | 20,870,464 | 10,513,197 | 3,367 | 31,387,028 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 6,439 | — | — | 6,439 |
| Forward Currency Contracts | — | 2,155 | — | 2,155 |
| Total | 6,439 | 2,155 | — | 8,594 |
| Liabilities | | | | |
| Futures Contracts1 | 408 | — | — | 408 |
| Forward Currency Contracts | — | 335 | — | 335 |
| Total | 408 | 335 | — | 743 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
| E. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 6,439 | — | 6,439 |
| Unrealized Appreciation—Forward Currency Contracts | — | 2,155 | 2,155 |
| Total Assets | 6,439 | 2,155 | 8,594 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 408 | — | 408 |
| Unrealized Depreciation—Forward Currency Contracts | — | 335 | 335 |
| Total Liabilities | 408 | 335 | 743 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Total World Stock Index Fund
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (52,503) | — | (52,503) |
| Forward Currency Contracts | — | (237) | (237) |
| Realized Net Gain (Loss) on Derivatives | (52,503) | (237) | (52,740) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | 2,044 | — | 2,044 |
| Forward Currency Contracts | — | 2,475 | 2,475 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | 2,044 | 2,475 | 4,519 |
| F. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable foreign currency transactions and passive foreign investment companies were reclassified between the individual components of total distributable earnings (loss). |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 131,857 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (874,200) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | 3,194,558 |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 697,044 | 489,832 |
| Long-Term Capital Gains | — | — |
| Total | 697,044 | 489,832 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 28,174,540 |
| Gross Unrealized Appreciation | 8,004,263 |
| Gross Unrealized Depreciation | (4,791,105) |
| Net Unrealized Appreciation (Depreciation) | 3,213,158 |
| G. | During the year ended October 31, 2022, the fund purchased $6,342,075,000 of investment securities and sold $1,384,852,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,730,781,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
Total World Stock Index Fund
The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the year ended October 31, 2022, such purchases were $118,298,000 and sales were $113,030,000, resulting in net realized loss of $36,075,000; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.
| H. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| ETF Shares | | | | | |
| Issued | 3,144,185 | 32,958 | | 5,703,441 | 56,936 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | — | — | | — | — |
| Net Increase (Decrease)—ETF Shares | 3,144,185 | 32,958 | | 5,703,441 | 56,936 |
| Admiral Shares | | | | | |
| Issued | 1,814,979 | 54,095 | | 1,998,565 | 57,315 |
| Issued in Lieu of Cash Distributions | 89,130 | 2,717 | | 63,440 | 1,817 |
| Redeemed | (1,236,832) | (36,993) | | (874,385) | (24,928) |
| Net Increase (Decrease)—Admiral Shares | 667,277 | 19,819 | | 1,187,620 | 34,204 |
| Institutional Shares | | | | | |
| Issued | 1,930,045 | 10,024 | | 822,546 | 4,037 |
| Issued in Lieu of Cash Distributions | 78,321 | 418 | | 62,725 | 314 |
| Redeemed | (803,870) | (4,068) | | (1,195,333) | (5,858) |
| Net Increase (Decrease)—Institutional Shares | 1,204,496 | 6,374 | | (310,062) | (1,507) |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Vanguard International Equity Index Funds and Shareholders of Vanguard Total World Stock Index Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Vanguard Total World Stock Index Fund (one of the funds constituting Vanguard International Equity Index Funds, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 16, 2022
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
Tax information (unaudited)
For corporate shareholders, 39.3%, or if subsequently determined to be different, the maximum percentage allowable by law, of ordinary income (dividend income plus short-term gains, if any) for the fiscal year qualified for the dividends-received deduction.
The fund hereby designates $599,268,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $341,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund hereby designates $10,591,000, or if subsequently determined to be different, the maximum amount allowable by law, of qualified business income for individual shareholders for the fiscal year.
London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 206 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Member of the board of governors of the Investment Company Institute and the board of governors of FINRA. Trustee and vice chair of The Shipley School.
Independent Trustees
Tara Bunch
Born in 1962. Trustee since November 2021. Principal occupation(s) during the past five years and other experience: head of global operations at Airbnb (2020–present). Vice president of AppleCare (2012–2020). Member of the board of directors of Out & Equal (2002–2006), the advisory board of the University of California, Berkeley School of Engineering (2020–present), and the advisory board of Santa Clara University’s Leavey School of Business (2018–present).
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Member of the board of directors of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra. Trustee of the University of Rochester.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services). Director of the V Foundation. Member of the advisory council for the College of Arts and Letters at the University of Notre Dame. Chairman of the board of Saint Anselm College.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: adjunct professor of finance at the University of Notre Dame (2020–present). Chief investment officer (retired 2020) and vice president (retired 2020) of the University of Notre Dame. Assistant professor (retired June 2020) of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee. Member of the board of Catholic Investment Services, Inc. (investment advisors), the board of superintendence of the Institute for the Works of Religion, and the board of directors of Paxos Trust Company (finance).
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chief executive officer of Purposeful (advisory firm for CEOs and C-level executives; 2021–present). Board chair (2020), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of Individual Life and Disability of the Guardian Life Insurance Company of America. Member of the board of the Economic Club of New York. Trustee of the Partnership for New York City
(business leadership), Chief Executives for Corporate Purpose, and the NewYork-Presbyterian Hospital.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board (2018–present) of RIT Capital Partners (investment firm). Member of the investment committee of Partners Health
Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Colin W. Brown Distinguished Professor of the Practice of Law (2021–present), professor (2020–present), Distinguished Fellow of the Global Financial Markets Center (2020–present), and Rubenstein Fellow (2017–2020) at Duke University. Trustee (2017–present) of Amherst College and member of Amherst College Investment Committee (2019–present). Member of the Regenerative Crisis Response Committee (2020–present).
David A. Thomas
Born in 1956. Trustee since July 2021. Principal occupation(s) during the past five years and other experience: president of Morehouse College (2018–present). Professor of business administration, emeritus at Harvard University (2017–2018). Dean (2011–2016) and professor of management (2016–2017) at the Georgetown University McDonough School of Business. Director of DTE Energy Company (2013–present). Trustee of Common Fund (2019–present).
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth
1 Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
College (2001–2013). Member of the BMW Group Mobility Council.
Executive Officers
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2021–present) and treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Special assistant to the President of the United States (2015).
Ashley Grim
Born in 1984. Principal occupation(s) during the past five years and other experience: treasurer (February 2022–present) of each of the investment companies served by Vanguard. Fund transfer agent controller (2019–2022) and director of Audit Services (2017–2019) at Vanguard. Senior manager (2015–2017) at PriceWaterhouseCoopers (audit and assurance, consulting, and tax services).
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express. Nonexecutive director of the board of National Grid (energy).
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
| Matthew Benchener | Thomas M. Rampulla |
| Joseph Brennan | Karin A. Risi |
| Mortimer J. Buckley | Anne E. Robinson |
| Gregory Davis | Michael Rollings |
| John James | Nitin Tandon |
| Chris D. Mclsaac | Lauren Valente |
Connect with Vanguard®>vanguard.com
Fund Information > 800-662-7447
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Institutional Investor Services > 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
All comparative mutual fund data are from Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
Source for Bloomberg indexes: Bloomberg Index Services Limited. Copyright 2022, Bloomberg. All rights reserved.
© 2022 The Vanguard Group, Inc.
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Q6280 122022
Annual Report | October 31, 2022
Vanguard FTSE International Index Funds
| Vanguard FTSE All-World ex-US Index Fund |
| Vanguard FTSE All-World ex-US Small-Cap Index Fund |
Contents
Your Fund’s Performance at a Glance
| 1 |
About Your Fund’s Expenses
| 2 |
FTSE All-World ex-US Index Fund
| 4 |
FTSE All-World ex-US Small-Cap Index Fund
| 51 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
| • | The 12 months ended October 31, 2022, were a challenging period for financial markets. Vanguard FTSE All-World ex-US Index Fund returned about –24%. Vanguard FTSE All-World ex-US Small-Cap Index Fund returned about –29%. |
| • | The economic backdrop deteriorated as inflation soared to multidecade highs, fueled in part by higher energy and food prices in the wake of Russia’s invasion of Ukraine. Price increases broadened to other categories of goods and services, adding to concerns that inflation would remain stubbornly high. That prompted aggressive tightening by many central banks to bring inflation back in check and increased fears of a recession. |
| • | By region, emerging markets and the Pacific region detracted most from returns for the FTSE All-World ex-US Index Fund, while Europe contributed. For the FTSE All-World ex-US Small-Cap Index Fund, all regions detracted from performance, with Europe and the Pacific region holding back returns most. |
| • | For the FTSE All-World ex-US Index Fund, 9 of the 11 industry sectors detracted from returns; utilities and energy were the only sectors to contribute positively, and technology and consumer discretionary detracted most. For the FTSE All-World ex-US Small-Cap Index Fund, 10 of the 11 industry sectors held back returns. Industrials, technology, and consumer discretionary detracted most. |
Market Barometer
Average Annual Total Returns
Periods Ended October 31, 2022 |
| | One Year | Three Years | Five Years |
| Stocks | | | |
| Russell 1000 Index (Large-caps) | -16.38% | 9.99% | 10.19% |
| Russell 2000 Index (Small-caps) | -18.54 | 7.05 | 5.56 |
| Russell 3000 Index (Broad U.S. market) | -16.52 | 9.79 | 9.87 |
| FTSE All-World ex US Index (International) | -24.20 | -1.16 | -0.18 |
| Bonds | | | |
Bloomberg U.S. Aggregate Float Adjusted Index
(Broad taxable market) | -15.69% | -3.73% | -0.50% |
Bloomberg Municipal Bond Index
(Broad tax-exempt market) | -11.98 | -2.18 | 0.37 |
| FTSE Three-Month U.S. Treasury Bill Index | 0.88 | 0.59 | 1.15 |
| CPI | | | |
| Consumer Price Index | 7.75% | 5.01% | 3.85% |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
| • | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
| • | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Actual Fund Return | | | |
| FTSE All-World ex-US Index Fund | | | |
| ETF Shares | $1,000.00 | $862.90 | $0.42 |
| Admiral™ Shares | 1,000.00 | 862.80 | 0.61 |
| Institutional Shares | 1,000.00 | 862.90 | 0.47 |
| Institutional Plus Shares | 1,000.00 | 863.00 | 0.38 |
| FTSE All-World ex-US Small-Cap Index Fund | | | |
| ETF Shares | $1,000.00 | $837.70 | $0.37 |
| Admiral Shares | 1,000.00 | 837.20 | 0.79 |
| Institutional Shares | 1,000.00 | 837.60 | 0.56 |
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Hypothetical 5% Yearly Return | | | |
| FTSE All-World ex-US Index Fund | | | |
| ETF Shares | $1,000.00 | $1,024.75 | $0.46 |
| Admiral Shares | 1,000.00 | 1,024.55 | 0.66 |
| Institutional Shares | 1,000.00 | 1,024.70 | 0.51 |
| Institutional Plus Shares | 1,000.00 | 1,024.80 | 0.41 |
| FTSE All-World ex-US Small-Cap Index Fund | | | |
| ETF Shares | $1,000.00 | $1,024.80 | $0.41 |
| Admiral Shares | 1,000.00 | 1,024.35 | 0.87 |
| Institutional Shares | 1,000.00 | 1,024.60 | 0.61 |
The calculations are based on expenses incurred in the most recent six-month period. The funds' annualized six-month expense ratios for that period are: for the FTSE All-World ex-US Index Fund, 0.09% for ETF Shares, 0.13% for Admiral Shares, 0.10% for Institutional Shares, and 0.08% for Institutional Plus Shares; and for the FTSE All-World ex-US Small-Cap Index Fund, 0.08% for ETF Shares, 0.17% for Admiral Shares, and 0.12% for Institutional Shares. The dollar amounts shown as “Expenses Paid" are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (184/365).
FTSE All-World ex-US Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
 | FTSE All-World ex-US Index Fund ETF Shares Net Asset Value | -24.27% | -0.30% | 3.60% | $14,237 |
| | FTSE All-World ex-US Index Fund ETF Shares Market Price | -24.30 | -0.29 | 3.59 | 14,232 |
 | FTSE All-World ex US Index | -24.20 | -0.18 | 3.67 | 14,335 |
 | FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| FTSE All-World ex-US Index Fund Admiral Shares | -24.30% | -0.33% | 3.58% | $14,212 |
| FTSE All-World ex US Index | -24.20 | -0.18 | 3.67 | 14,335 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| FTSE All-World ex-US Index Fund Institutional Shares | -24.28% | -0.30% | 3.60% | $7,122,409 |
| FTSE All-World ex US Index | -24.20 | -0.18 | 3.67 | 7,167,412 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 7,167,958 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $100,000,000
Investment |
| FTSE All-World ex-US Index Fund Institutional Plus Shares | -24.27% | -0.28% | 3.62% | $142,761,430 |
| FTSE All-World ex US Index | -24.20 | -0.18 | 3.67 | 143,348,230 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 143,359,150 |
See Financial Highlights for dividend and capital gains information.
FTSE All-World ex-US Index Fund
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| FTSE All-World ex-US Index Fund ETF Shares Market Price | -24.30% | -1.46% | 42.32% |
| FTSE All-World ex-US Index Fund ETF Shares Net Asset Value | -24.27 | -1.47 | 42.37 |
| FTSE All-World ex US Index | -24.20 | -0.92 | 43.35 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
FTSE All-World ex-US Index Fund
| Japan | 15.5% |
| United Kingdom | 10.1 |
| China | 7.3 |
| Canada | 7.2 |
| France | 6.9 |
| Switzerland | 6.3 |
| Australia | 5.5 |
| Germany | 4.9 |
| India | 4.9 |
| Taiwan | 3.7 |
| South Korea | 3.2 |
| Netherlands | 2.6 |
| Sweden | 2.0 |
| Brazil | 1.9 |
| Hong Kong | 1.7 |
| Denmark | 1.7 |
| Italy | 1.6 |
| Spain | 1.5 |
| Saudi Arabia | 1.5 |
| South Africa | 1.0 |
| Other | 9.0 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
FTSE All-World ex-US Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.5%) |
| Australia (5.5%) |
| | BHP Group Ltd. | 10,242,981 | 246,038 |
| | Commonwealth Bank of Australia | 3,475,897 | 233,048 |
| | CSL Ltd. | 979,787 | 175,397 |
| | National Australia Bank Ltd. | 6,465,447 | 134,301 |
| | Westpac Banking Corp. | 7,090,660 | 109,487 |
| | Australia & New Zealand Banking Group Ltd. | 6,270,155 | 102,729 |
| | Woodside Energy Group Ltd. | 3,849,374 | 88,992 |
| | Macquarie Group Ltd. | 707,315 | 76,732 |
| | Wesfarmers Ltd. | 2,303,890 | 66,857 |
| | Transurban Group (XASX) | 6,256,468 | 53,073 |
| | Woolworths Group Ltd. | 2,472,872 | 52,222 |
| | Rio Tinto Ltd. | 757,343 | 42,979 |
| | Goodman Group | 3,755,512 | 40,863 |
| | Amcor plc GDR | 3,064,481 | 35,589 |
| | Aristocrat Leisure Ltd. | 1,362,623 | 32,343 |
| | Santos Ltd. | 6,262,408 | 30,571 |
| | Fortescue Metals Group Ltd. | 3,240,668 | 30,530 |
| | Coles Group Ltd. | 2,588,942 | 27,069 |
| | QBE Insurance Group Ltd. | 3,023,076 | 23,686 |
| | South32 Ltd. | 9,479,225 | 21,748 |
| | Brambles Ltd. | 2,830,155 | 21,189 |
| | Telstra Group Ltd. | 8,304,134 | 20,822 |
| | Sonic Healthcare Ltd. | 979,899 | 20,515 |
| | Newcrest Mining Ltd. (XASX) | 1,819,789 | 20,155 |
| | Scentre Group | 10,607,708 | 19,741 |
| | James Hardie Industries plc GDR | 903,266 | 19,721 |
| | Suncorp Group Ltd. | 2,576,096 | 18,844 |
| | Computershare Ltd. (XASX) | 1,095,115 | 17,728 |
| * | Pilbara Minerals Ltd. | 5,374,508 | 17,468 |
| | ASX Ltd. | 394,856 | 17,108 |
| | Cochlear Ltd. | 131,043 | 16,740 |
| | APA Group | 2,411,662 | 16,236 |
| | Mineral Resources Ltd. | 339,012 | 15,893 |
| | Insurance Australia Group Ltd. | 4,999,453 | 15,693 |
| | Ramsay Health Care Ltd. | 359,730 | 13,493 |
| | Northern Star Resources Ltd. | 2,314,528 | 12,918 |
| * | Xero Ltd. | 256,975 | 12,761 |
| | Origin Energy Ltd. | 3,506,695 | 12,528 |
| | Atlas Arteria Ltd. | 2,954,549 | 12,438 |
| | IGO Ltd. | 1,269,119 | 12,412 |
| * | Lottery Corp. Ltd. | 4,505,884 | 12,361 |
| | Treasury Wine Estates Ltd. | 1,477,548 | 12,244 |
| | WiseTech Global Ltd. | 321,492 | 11,890 |
| | Endeavour Group Ltd. | 2,575,982 | 11,791 |
| | Stockland | 4,844,674 | 11,163 |
| | | Shares | Market
Value•
($000) |
| * | Allkem Ltd. | 1,193,893 | 11,031 |
| | Dexus (XASX) | 2,207,598 | 11,001 |
| | GPT Group | 3,903,148 | 10,787 |
| | Mirvac Group | 8,022,439 | 10,629 |
| | OZ Minerals Ltd. | 664,878 | 10,295 |
| | Medibank Pvt Ltd. | 5,604,232 | 10,091 |
| | SEEK Ltd. | 715,905 | 9,855 |
| * | Lynas Rare Earths Ltd. | 1,844,026 | 9,836 |
| | Washington H Soul Pattinson & Co. Ltd. | 538,763 | 9,642 |
| | BlueScope Steel Ltd. | 954,727 | 9,614 |
| | Vicinity Centres | 7,665,067 | 9,556 |
| | Incitec Pivot Ltd. | 3,944,420 | 9,486 |
| | Whitehaven Coal Ltd. | 1,627,042 | 9,451 |
| | carsales.com Ltd. | 685,271 | 8,877 |
| | Ampol Ltd. | 484,030 | 8,442 |
| | Aurizon Holdings Ltd. | 3,595,258 | 8,332 |
| | Orica Ltd. | 911,430 | 8,107 |
| | Charter Hall Group | 974,588 | 8,090 |
| | REA Group Ltd. | 101,035 | 7,831 |
| | Lendlease Corp. Ltd. | 1,400,735 | 7,789 |
| | Cleanaway Waste Management Ltd. | 4,208,487 | 7,280 |
| | ALS Ltd. | 976,961 | 7,146 |
| | IDP Education Ltd. | 372,983 | 7,037 |
| | Worley Ltd. | 759,618 | 6,938 |
| | Bendigo & Adelaide Bank Ltd. | 1,154,989 | 6,667 |
| * | Qantas Airways Ltd. | 1,692,269 | 6,324 |
| | JB Hi-Fi Ltd. | 227,522 | 6,237 |
| | Challenger Ltd. | 1,385,996 | 6,228 |
| | Bank of Queensland Ltd. | 1,299,279 | 6,119 |
| | AGL Energy Ltd. | 1,374,190 | 5,987 |
| | Qube Holdings Ltd. | 3,378,855 | 5,882 |
| * | AMP Ltd. | 6,564,010 | 5,293 |
| | Metcash Ltd. | 1,930,671 | 5,068 |
| | Domino's Pizza Enterprises Ltd. | 122,887 | 5,011 |
| * | NEXTDC Ltd. | 937,423 | 4,974 |
| | Altium Ltd. | 218,914 | 4,943 |
| | Iluka Resources Ltd. | 848,667 | 4,702 |
| | Evolution Mining Ltd. | 3,530,711 | 4,684 |
| | Ansell Ltd. | 257,568 | 4,650 |
| | Alumina Ltd. | 5,113,704 | 4,419 |
| | Reece Ltd. | 425,166 | 4,222 |
| | Downer EDI Ltd. | 1,367,238 | 3,929 |
| | Shopping Centres Australasia Property Group | 2,231,829 | 3,887 |
| | Beach Energy Ltd. | 3,615,160 | 3,697 |
| | Seven Group Holdings Ltd. | 281,315 | 3,299 |
| | Orora Ltd. | 1,693,084 | 3,285 |
| * | Star Entertainment Grp Ltd. | 1,721,867 | 3,239 |
| | Harvey Norman Holdings Ltd. | 1,182,893 | 3,147 |
| *,1 | Flight Centre Travel Group Ltd. | 289,893 | 3,085 |
| 1 | Pro Medicus Ltd. | 84,316 | 3,004 |
| | CSR Ltd. | 973,780 | 2,885 |
| | Tabcorp Holdings Ltd. | 4,528,357 | 2,796 |
| | | Shares | Market
Value•
($000) |
| | Nufarm Ltd. | 773,641 | 2,757 |
| | Insignia Financial Ltd. | 1,289,573 | 2,600 |
| | Sims Ltd. | 330,297 | 2,582 |
| | TPG Telecom Ltd. | 736,846 | 2,311 |
| | Deterra Royalties Ltd. | 844,260 | 2,215 |
| 1 | Perpetual Ltd. | 109,830 | 1,750 |
| 1 | Magellan Financial Group Ltd. | 275,389 | 1,746 |
| | Boral Ltd. | 657,906 | 1,212 |
| | Platinum Asset Management Ltd. | 1,024,622 | 1,173 |
| | Domain Holdings Australia Ltd. | 494,305 | 1,053 |
| | Adbri Ltd. | 914,595 | 922 |
| * | Sierra Rutile Holdings Ltd. | 832,158 | 110 |
| *,2 | Bgp Holdings plc | 3,738,510 | 12 |
| | | | 2,383,355 |
| Austria (0.1%) |
| | Erste Group Bank AG | 664,283 | 16,371 |
| | OMV AG | 289,868 | 13,347 |
| | Verbund AG | 134,093 | 10,504 |
| | ANDRITZ AG | 142,118 | 6,605 |
| | voestalpine AG | 231,845 | 5,033 |
| | Raiffeisen Bank International AG | 260,252 | 3,619 |
| | Telekom Austria AG Class A | 262,957 | 1,529 |
| | | | 57,008 |
| Belgium (0.6%) |
| | Anheuser-Busch InBev SA | 1,760,190 | 88,045 |
| * | Argenx SE | 112,333 | 43,613 |
| | KBC Group NV | 560,052 | 28,068 |
| | UCB SA | 246,099 | 18,548 |
| | Groupe Bruxelles Lambert SA | �� 201,621 | 14,865 |
| | Umicore SA | 417,165 | 13,752 |
| | Ageas SA | 375,233 | 12,990 |
| | Solvay SA | 141,919 | 12,807 |
| | Elia Group SA | 76,389 | 9,658 |
| | D'ieteren Group | 46,441 | 7,729 |
| | Warehouses De Pauw CVA | 291,611 | 7,485 |
| | Ackermans & van Haaren NV | 45,526 | 6,343 |
| | Sofina SA | 30,715 | 5,989 |
| | Proximus SADP | 277,536 | 2,910 |
| | Etablissements Franz Colruyt NV | 98,628 | 2,377 |
| | | | 275,179 |
| Brazil (1.9%) |
| | Vale SA | 5,901,875 | 76,700 |
| | B3 SA - Brasil Bolsa Balcao | 12,379,615 | 36,045 |
| | Petroleo Brasileiro SA ADR | 3,036,130 | 34,946 |
| | Itau Unibanco Holding SA ADR | 5,913,605 | 34,417 |
| | Petroleo Brasileiro SA Preference Shares | 5,780,112 | 33,357 |
| | Petroleo Brasileiro SA | 4,700,499 | 30,266 |
| | Vale SA Class B ADR | 2,040,702 | 26,407 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Banco Bradesco SA ADR | 6,544,198 | 24,803 |
| | Centrais Eletricas Brasileiras SA | 2,506,325 | 24,173 |
| | Weg SA | 3,022,588 | 23,570 |
| | Itau Unibanco Holding SA Preference Shares | 3,826,882 | 22,522 |
| | Localiza Rent a Car SA (BVMF) | 1,589,308 | 21,704 |
| | Itausa SA Preference Shares | 9,706,647 | 20,182 |
| | Banco Bradesco SA Preference Shares | 4,419,874 | 16,993 |
| | Ambev SA | 5,089,937 | 15,766 |
| | Suzano SA | 1,481,788 | 15,261 |
| | Petroleo Brasileiro SA ADR (XNYS) | 1,060,141 | 13,591 |
| | JBS SA | 2,761,170 | 13,342 |
| | Banco BTG Pactual SA (BVMF) | 2,358,052 | 13,211 |
| | Banco Do Brasil SA | 1,755,685 | 12,583 |
| 3 | Hapvida Participacoes e Investimentos SA | 8,151,047 | 12,308 |
| | Lojas Renner SA | 1,994,726 | 11,932 |
| | Ambev SA ADR | 3,678,000 | 11,181 |
| | Raia Drogasil SA | 2,178,600 | 11,096 |
| | Equatorial Energia SA | 1,902,519 | 11,060 |
| | Rumo SA | 2,553,005 | 10,943 |
| * | Petro Rio SA | 1,365,700 | 9,357 |
| | Banco Bradesco SA | 2,547,502 | 8,206 |
| | Hypera SA | 822,594 | 8,091 |
| | Vibra Energia SA | 2,277,753 | 8,047 |
| | Cia de Saneamento Basico do Estado de Sao Paulo | 691,385 | 8,044 |
| | Cosan SA | 2,450,908 | 8,000 |
| | BB Seguridade Participacoes SA | 1,371,160 | 7,881 |
| * | Eneva SA | 2,485,888 | 6,824 |
| | Klabin SA | 1,537,280 | 6,434 |
| | Centrais Eletricas Brasileiras SA Preference Shares | 604,066 | 6,235 |
| 3 | Rede D'Or Sao Luiz SA | 969,076 | 6,035 |
| | CCR SA | 2,325,451 | 5,834 |
| | Totvs SA | 900,391 | 5,780 |
| | Natura & Co. Holding SA | 1,942,123 | 5,621 |
| | Gerdau SA Preference Shares | 1,119,980 | 5,583 |
| * | Magazine Luiza SA | 6,131,015 | 5,306 |
| | Gerdau SA ADR | 1,043,223 | 5,195 |
| | Telefonica Brasil SA | 647,755 | 5,180 |
| | Energisa SA | 509,624 | 4,784 |
| | Ultrapar Participacoes SA | 1,711,392 | 4,443 |
| | Banco Santander Brasil SA | 767,353 | 4,424 |
| | Atacadao SA | 1,100,912 | 4,147 |
| | Itau Unibanco Holding SA | 823,223 | 4,051 |
| * | Embraer SA | 1,516,052 | 4,036 |
| | Sendas Distribuidora SA | 1,047,610 | 4,020 |
| | Americanas SA | 1,321,995 | 3,977 |
| * | BRF SA | 1,592,994 | 3,873 |
| | Sul America SA | 830,968 | 3,835 |
| | TIM SA | 1,464,130 | 3,741 |
| | Cia Energetica de Minas Gerais Preference Shares | 1,684,513 | 3,708 |
| | | Shares | Market
Value•
($000) |
| | Transmissora Alianca de Energia Eletrica SA | 469,556 | 3,653 |
| | BR Malls Participacoes SA | 1,683,478 | 3,308 |
| | Metalurgica Gerdau SA Preference Shares | 1,475,700 | 3,214 |
| | Multiplan Empreendimentos Imobiliarios SA | 580,917 | 2,964 |
| | Engie Brasil Energia SA | 360,410 | 2,806 |
| | Cielo SA | 2,361,176 | 2,720 |
| | CPFL Energia SA | 390,200 | 2,676 |
| | GRUPO DE MODA SOMA SA | 918,700 | 2,590 |
| | Bradespar SA Preference Shares | 550,990 | 2,561 |
| | EDP - Energias do Brasil SA | 533,657 | 2,383 |
| 3 | GPS Participacoes e Empreendimentos SA | 856,700 | 2,292 |
| | Cia Energetica de Minas Gerais | 654,439 | 2,191 |
| | Auren Energia SA | 752,884 | 2,175 |
| | M Dias Branco SA | 247,086 | 2,081 |
| | Sendas Distribuidora SA ADR | 107,761 | 2,053 |
| | Unipar Carbocloro SA Preference Shares | 99,089 | 2,049 |
| | Raizen SA Preference Shares | 2,381,041 | 1,977 |
| | Cia Paranaense de Energia Preference Shares | 1,379,000 | 1,976 |
| | Alpargatas SA Preference Shares | 460,200 | 1,956 |
| | Cia Paranaense de Energia ADR | 273,148 | 1,931 |
| | Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 391,496 | 1,857 |
| | Telefonica Brasil SA ADR | 232,429 | 1,857 |
| | SLC Agricola SA | 204,700 | 1,821 |
| | Cia Energetica de Minas Gerais ADR | 817,644 | 1,791 |
| | Porto Seguro SA | 386,924 | 1,741 |
| | Sao Martinho SA | 333,000 | 1,739 |
| | Braskem SA Preference Shares | 256,500 | 1,674 |
| | Cia Siderurgica Nacional SA | 691,751 | 1,644 |
| | Caixa Seguridade Participacoes SA | 944,600 | 1,613 |
| | Neoenergia SA | 473,200 | 1,520 |
| | Marfrig Global Foods SA | 684,000 | 1,417 |
| 1 | Cia Siderurgica Nacional SA ADR | 577,080 | 1,391 |
| | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 430,272 | 1,343 |
| | SIMPAR SA | 633,600 | 1,328 |
| | Usinas Siderurgicas De Minas Gerais SAUsiminas Preference Shares | 947,100 | 1,326 |
| | Dexco SA | 611,820 | 1,148 |
| * | Grupo Mateus SA | 809,900 | 1,145 |
| | Grendene SA | 684,800 | 962 |
| | Odontoprev SA | 587,880 | 942 |
| | Braskem SA ADR | 68,298 | 883 |
| | | Shares | Market
Value•
($000) |
| * | Smartfit Escola de Ginastica e Danca SA | 252,600 | 847 |
| | Cia Paranaense de Energia | 527,080 | 715 |
| | CSN Mineracao SA | 1,092,500 | 698 |
| | Diagnosticos da America SA | 168,790 | 655 |
| | Usinas Siderurgicas de Minas Gerais SA Usiminas | 350,700 | 502 |
| | TIM SA ADR | 31,251 | 398 |
| | Bradespar SA | 33,240 | 143 |
| * | Localiza Rent a Car SA | 4,732 | 65 |
| * | BRF SA ADR | 15,397 | 37 |
| | | | 831,809 |
| Canada (7.1%) |
| | Royal Bank of Canada | 2,856,018 | 264,250 |
| | Toronto-Dominion Bank | 3,702,774 | 236,977 |
| | Enbridge Inc. | 4,092,365 | 159,447 |
| | Canadian National Railway Co. | 1,249,646 | 148,048 |
| | Canadian Pacific Railway Ltd. (XTSE) | 1,891,207 | 140,985 |
| | Canadian Natural Resources Ltd. | 2,235,498 | 134,079 |
| 1 | Bank of Montreal | 1,373,862 | 126,550 |
| | Bank of Nova Scotia | 2,453,579 | 118,595 |
| | Brookfield Asset Management Inc. Class A | 2,712,509 | 107,417 |
| | Suncor Energy Inc. | 2,781,279 | 95,666 |
| | Nutrien Ltd. | 1,098,236 | 92,794 |
| | TC Energy Corp. | 2,057,271 | 90,364 |
| | Canadian Imperial Bank of Commerce | 1,797,782 | 81,645 |
| * | Shopify Inc. Class A | 2,260,362 | 77,500 |
| | Alimentation Couche-Tard Inc. | 1,591,323 | 71,252 |
| | Waste Connections Inc. | 522,557 | 68,970 |
| | Manulife Financial Corp. | 3,884,465 | 64,382 |
| | Constellation Software Inc. | 38,863 | 56,194 |
| | Intact Financial Corp. | 358,296 | 54,443 |
| | Cenovus Energy Inc. | 2,508,186 | 50,703 |
| | Sun Life Financial Inc. | 1,193,048 | 50,670 |
| | Franco-Nevada Corp. | 387,353 | 47,861 |
| | National Bank of Canada | 682,615 | 46,478 |
| | Agnico Eagle Mines Ltd. | 927,180 | 40,787 |
| | Barrick Gold Corp. (XLON) | 2,583,006 | 38,849 |
| | Fortis Inc. (XTSE) | 971,333 | 37,895 |
| | Pembina Pipeline Corp. | 1,121,538 | 37,029 |
| | Restaurant Brands International Inc. (XTSE) | 615,023 | 36,544 |
| | Thomson Reuters Corp. | 335,875 | 35,721 |
| * | CGI Inc. | 427,916 | 34,470 |
| | Dollarama Inc. | 562,099 | 33,400 |
| | Tourmaline Oil Corp. | 577,425 | 32,534 |
| | Magna International Inc. | 548,506 | 30,567 |
| | Wheaton Precious Metals Corp. | 918,801 | 30,059 |
| | Teck Resources Ltd. Class B | 939,566 | 28,600 |
| | BCE Inc. | 617,128 | 27,836 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Power Corp. of Canada | 1,094,838 | 27,187 |
| | Loblaw Cos. Ltd. | 315,668 | 25,863 |
| | Metro Inc. | 487,271 | 25,527 |
| | Shaw Communications Inc. Class B | 870,847 | 22,367 |
| | Imperial Oil Ltd. | 395,325 | 21,505 |
| | Fairfax Financial Holdings Ltd. | 43,739 | 21,482 |
| | TELUS Corp. | 949,710 | 19,833 |
| 3 | Hydro One Ltd. | 640,977 | 16,072 |
| | George Weston Ltd. | 143,533 | 15,798 |
| | Barrick Gold Corp. | 1,025,962 | 15,034 |
| 1 | Great-West Lifeco Inc. | 552,248 | 12,785 |
| 1 | Canadian Tire Corp. Ltd. Class A | 112,885 | 12,652 |
| | Saputo Inc. | 489,359 | 11,911 |
| 1 | Canadian Utilities Ltd. Class A | 251,231 | 6,685 |
| | IGM Financial Inc. | 162,905 | 4,361 |
| * | Shopify Inc. Class A (XTSE) | 52,975 | 1,813 |
| | Enbridge Inc. (XTSE) | 30,400 | 1,184 |
| | | | 3,091,620 |
| Chile (0.2%) |
| | Sociedad Quimica y Minera de Chile SA Class B Preference Shares | 151,337 | 14,371 |
| | Sociedad Quimica y Minera de Chile SA ADR | 133,129 | 12,472 |
| | Banco De Chile | 88,112,570 | 8,068 |
| | Empresas COPEC SA | 984,902 | 6,790 |
| | Empresas CMPC SA | 2,443,501 | 3,878 |
| | Enel Americas SA | 38,558,799 | 3,821 |
| | Cencosud SA | 2,696,851 | 3,625 |
| | Banco Santander Chile ADR | 234,245 | 3,380 |
| | Falabella SA | 1,612,968 | 3,150 |
| | Banco de Credito e Inversiones SA | 107,711 | 3,001 |
| | Quimica Y Minera Chile A | 29,880 | 2,433 |
| | Cia Sud Americana de Vapores SA | 34,871,336 | 2,422 |
| | Quinenco SA | 537,243 | 1,428 |
| | Colbun SA | 14,394,990 | 1,413 |
| | Cia Cervecerias Unidas SA | 250,001 | 1,372 |
| | Embotelladora Andina SA Preference Shares | 736,510 | 1,287 |
| | Itau CorpBanca Chile SA | 629,077,878 | 1,226 |
| | Enel Chile SA | 34,176,284 | 1,203 |
| | Banco Santander Chile SA | 29,997,292 | 1,076 |
| | Cencosud Shopping SA | 967,439 | 1,057 |
| | CAP SA | 143,687 | 768 |
| | Enel Chile SA ADR | 354,630 | 599 |
| | Plaza SA | 661,427 | 566 |
| | | | 79,406 |
| China (7.3%) |
| | Tencent Holdings Ltd. | 12,223,204 | 321,187 |
| * | Alibaba Group Holding Ltd. | 30,633,640 | 238,174 |
| *,3 | Meituan Class B | 8,368,718 | 133,988 |
| | China Construction Bank Corp. Class H | 184,797,517 | 98,070 |
| | JD.com Inc. Class A | 4,820,913 | 87,791 |
| | | Shares | Market
Value•
($000) |
| | Industrial & Commercial Bank of China Ltd. Class H | 163,007,655 | 70,772 |
| | Bank of China Ltd. Class H | 150,174,284 | 48,368 |
| | Ping An Insurance Group Co. of China Ltd. Class H | 11,737,862 | 46,991 |
| * | Baidu Inc. Class A | 4,574,962 | 43,860 |
| | NetEase Inc. | 3,741,582 | 41,514 |
| * | Pinduoduo Inc. ADR | 756,452 | 41,476 |
| | BYD Co. Ltd. Class H | 1,614,655 | 36,173 |
| | Yum China Holdings Inc. | 853,743 | 34,559 |
| *,3 | Xiaomi Corp. Class B | 29,894,368 | 33,574 |
| | Kweichow Moutai Co. Ltd. Class A | 179,860 | 33,338 |
| *,3 | Wuxi Biologics Cayman Inc. | 7,310,112 | 32,893 |
| * | NIO Inc. ADR | 2,694,500 | 26,056 |
| | China Merchants Bank Co. Ltd. Class H | 7,927,841 | 25,955 |
| * | Trip.com Group Ltd. ADR | 1,076,497 | 24,361 |
| | Li Ning Co. Ltd. | 4,640,302 | 24,004 |
| | China Petroleum and Chemical Corp. (Sinopec) Class H | 53,098,731 | 21,044 |
| | ANTA Sports Products Ltd. | 2,315,473 | 20,357 |
| | China Mengniu Dairy Co. Ltd. | 6,297,504 | 20,159 |
| | China Shenhua Energy Co. Ltd. Class H | 7,390,860 | 19,415 |
| | Contemporary Amperex Technology Co. Ltd. Class A | 348,797 | 17,900 |
| 3 | Nongfu Spring Co. Ltd. Class H | 3,549,600 | 17,829 |
| | China Resources Land Ltd. | 5,625,316 | 17,600 |
| | CSPC Pharmaceutical Group Ltd. | 17,016,869 | 17,479 |
| | Agricultural Bank of China Ltd. Class H | 60,571,835 | 17,289 |
| | China Life Insurance Co. Ltd. Class H | 15,159,183 | 16,530 |
| | PetroChina Co. Ltd. Class H | 42,794,969 | 16,370 |
| *,3 | Kuaishou Technology | 3,949,500 | 16,311 |
| * | BeiGene Ltd. | 1,252,200 | 16,146 |
| | ZTO Express Cayman Inc. | 917,591 | 15,612 |
| | ENN Energy Holdings Ltd. | 1,552,218 | 15,432 |
| | China Resources Beer Holdings Co. Ltd. | 3,241,630 | 15,296 |
| | China Overseas Land & Investment Ltd. | 7,832,129 | 14,967 |
| * | Li Auto Inc. ADR | 1,032,985 | 14,069 |
| * | KE Holdings Inc. ADR | 1,309,444 | 13,330 |
| | PICC Property & Casualty Co. Ltd. Class H | 13,684,470 | 12,621 |
| | H World Group Ltd. AD | 443,326 | 12,005 |
| | Geely Automobile Holdings Ltd. | 11,044,097 | 11,885 |
| | Haier Smart Home Co. Ltd. Class H | 4,599,301 | 11,512 |
| | Sunny Optical Technology Group Co. Ltd. | 1,322,918 | 11,464 |
| | | Shares | Market
Value•
($000) |
| | Yanzhou Coal Mining Co. Ltd. Class H | 3,888,861 | 10,934 |
| | Shenzhou International Group Holdings Ltd. | 1,543,549 | 10,717 |
| | Zijin Mining Group Co. Ltd. Class H | 11,112,882 | 10,600 |
| | BYD Co. Ltd. Class A | 305,217 | 10,334 |
| | Wuliangye Yibin Co. Ltd. Class A | 560,908 | 10,281 |
| | China Merchants Bank Co. Ltd. Class A | 2,734,409 | 10,088 |
| | Sino Biopharmaceutical Ltd. | 19,955,718 | 9,683 |
| *,3 | Innovent Biologics Inc. | 2,709,847 | 9,595 |
| | Ping An Insurance Group Co. of China Ltd. Class A | 1,893,150 | 9,400 |
| | China Pacific Insurance Group Co. Ltd. Class H | 5,722,625 | 9,225 |
| 3 | Postal Savings Bank of China Co. Ltd. Class H | ��� 19,728,351 | 9,149 |
| | China Yangtze Power Co. Ltd. Class A | 3,270,079 | 9,100 |
| | Citic Pacific Ltd. | 9,976,697 | 8,928 |
| | Xinyi Solar Holdings Ltd. | 8,760,220 | 8,697 |
| 3 | China Tower Corp. Ltd. Class H | 95,337,053 | 8,626 |
| | Tsingtao Brewery Co. Ltd. Class H | 1,231,057 | 8,619 |
| * | Kingdee International Software Group Co. Ltd. | 5,185,303 | 8,497 |
| *,3 | JD Health International Inc. | 1,489,673 | 8,172 |
| | Bank of Communications Ltd. Class H | 16,584,099 | 8,092 |
| | China Longyuan Power Group Corp. Ltd. Class H | 6,798,086 | 7,768 |
| | WuXi AppTec Co. Ltd. Class A | 741,021 | 7,766 |
| | China CITIC Bank Corp. Ltd. Class H | 20,345,749 | 7,669 |
| | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 170,965 | 7,643 |
| | COSCO SHIPPING Holdings Co. Ltd. Class H | 6,836,490 | 7,367 |
| | CITIC Securities Co. Ltd. Class H | 4,885,765 | 7,300 |
| | LONGi Green Energy Technology Co. Ltd. Class A | 1,072,760 | 7,085 |
| * | XPeng Inc. Class A | 2,210,116 | 7,076 |
| * | New Oriental Education & Technology Group Inc. | 2,975,750 | 6,968 |
| | Anhui Conch Cement Co. Ltd. Class H | 2,702,937 | 6,957 |
| | Great Wall Motor Co. Ltd. Class H | 6,102,692 | 6,667 |
| | Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 4,800,746 | 6,614 |
| * | Full Truck Alliance Co. Ltd. ADR | 1,309,097 | 6,231 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | China Tourism Group Duty Free Corp. Ltd. Class A | 279,962 | 6,152 |
| | Industrial Bank Co. Ltd. Class A | 2,935,700 | 6,056 |
| | Tingyi Cayman Islands Holding Corp. | 3,844,367 | 6,009 |
| * | Vipshop Holdings Ltd. ADR | 838,149 | 5,842 |
| | China Resources Power Holdings Co. Ltd. | 3,873,843 | 5,629 |
| | Agricultural Bank of China Ltd. Class A | 14,846,800 | 5,618 |
| | Hengan International Group Co. Ltd. | 1,445,293 | 5,604 |
| | China Vanke Co. Ltd. Class H | 4,320,839 | 5,545 |
| | Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A | 172,060 | 5,488 |
| | China National Building Material Co. Ltd. Class H | 9,391,670 | 5,453 |
| | Kingsoft Corp. Ltd. | 1,786,123 | 5,409 |
| | China Gas Holdings Ltd. | 5,994,992 | 5,320 |
| | Industrial & Commercial Bank of China Ltd. Class A | 9,203,100 | 5,239 |
| | Zhongsheng Group Holdings Ltd. | 1,365,104 | 5,181 |
| * | Daqo New Energy Corp. ADR | 115,346 | 5,074 |
| * | Genscript Biotech Corp. | 2,001,596 | 5,061 |
| | Wanhua Chemical Group Co. Ltd. Class A | 456,900 | 5,043 |
| | Sinopharm Group Co. Ltd. Class H | 2,646,106 | 5,020 |
| | Jiangsu Hengrui Medicine Co. Ltd. Class A | 900,218 | 4,969 |
| | Muyuan Foods Co. Ltd. Class A | 753,237 | 4,852 |
| | Foshan Haitian Flavouring & Food Co. Ltd. Class A | 590,021 | 4,836 |
| 3 | Fuyao Glass Industry Group Co. Ltd. Class H | 1,349,165 | 4,835 |
| 3 | CGN Power Co. Ltd. Class H | 23,820,536 | 4,825 |
| 3 | Longfor Group Holdings Ltd. | 3,782,335 | 4,819 |
| | Zhuzhou CRRC Times Electric Co. Ltd. | 1,098,825 | 4,767 |
| | People's Insurance Co. Group of China Ltd. Class H | 17,188,882 | 4,750 |
| *,3 | JD Logistics Inc. | 3,377,317 | 4,721 |
| | China Resources Gas Group Ltd. | 1,838,889 | 4,710 |
| | SF Holding Co. Ltd. Class A | 709,495 | 4,700 |
| 3 | China Feihe Ltd. | 8,114,745 | 4,675 |
| | Ganfeng Lithium Co. Ltd. Class A | 425,600 | 4,608 |
| | BYD Electronic International Co. Ltd. | 1,582,591 | 4,599 |
| * | Bilibili Inc. Class Z | 515,763 | 4,596 |
| | Kunlun Energy Co. Ltd. | 7,637,356 | 4,565 |
| | | Shares | Market
Value•
($000) |
| | China Conch Venture Holdings Ltd. | 3,092,915 | 4,562 |
| * | Tencent Music Entertainment Group ADR | 1,262,977 | 4,559 |
| | Luzhou Laojiao Co. Ltd. Class A | 208,000 | 4,462 |
| 3 | China International Capital Corp. Ltd. Class H | 3,124,027 | 4,342 |
| | Yangzijiang Shipbuilding Holdings Ltd. | 5,098,596 | 4,322 |
| | China Construction Bank Corp. Class A | 5,771,800 | 4,225 |
| * | Zai Lab Ltd. ADR | 188,162 | 4,192 |
| | Bank of China Ltd. Class A | 10,149,723 | 4,188 |
| * | TAL Education Group ADR | 887,939 | 4,182 |
| | China Minsheng Banking Corp. Ltd. Class H | 14,390,669 | 4,179 |
| * | Alibaba Health Information Technology Ltd. | 9,830,719 | 4,160 |
| | China State Construction Engineering Corp. Ltd. Class A | 6,258,729 | 4,070 |
| *,1,3 | Akeso Inc. | 1,001,000 | 4,017 |
| | China Oilfield Services Ltd. Class H | 3,560,706 | 4,008 |
| | East Money Information Co. Ltd. Class A | 1,854,979 | 3,977 |
| | Luxshare Precision Industry Co. Ltd. Class A | 1,003,439 | 3,904 |
| | Ping An Bank Co. Ltd. Class A | 2,742,700 | 3,893 |
| 1,3 | Smoore International Holdings Ltd. | 3,638,350 | 3,873 |
| | China Railway Group Ltd. Class H | 8,869,299 | 3,857 |
| | Guangdong Investment Ltd. | 6,092,664 | 3,841 |
| | Guangzhou Automobile Group Co. Ltd. Class H | 6,274,058 | 3,823 |
| | Sungrow Power Supply Co. Ltd. Class A | 211,762 | 3,805 |
| | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A | ��� 211,700 | 3,796 |
| | Zijin Mining Group Co. Ltd. Class A | 3,483,774 | 3,790 |
| | Weichai Power Co. Ltd. Class H | 3,955,334 | 3,789 |
| | Tongwei Co. Ltd. Class A | 632,300 | 3,781 |
| | Kingboard Holdings Ltd. | 1,522,313 | 3,758 |
| | Shaanxi Coal Industry Co. Ltd. Class A | 1,378,000 | 3,745 |
| | Shanghai Pudong Development Bank Co. Ltd. Class A | 4,099,033 | 3,736 |
| | Shanghai Baosight Software Co. Ltd. Class B | 1,223,858 | 3,691 |
| * | Tongcheng-Elong Holdings Ltd. | 2,358,518 | 3,681 |
| 3 | Huatai Securities Co. Ltd. Class H | 3,699,785 | 3,623 |
| | | Shares | Market
Value•
($000) |
| | CITIC Securities Co. Ltd. Class A | 1,520,594 | 3,589 |
| | Haitong Securities Co. Ltd. Class H | 7,300,410 | 3,569 |
| | China Coal Energy Co. Ltd. Class H | 4,852,041 | 3,568 |
| | China Merchants Port Holdings Co. Ltd. | 2,984,229 | 3,499 |
| 3 | China Resources Mixc Lifestyle Services Ltd. | 1,174,000 | 3,438 |
| | Aier Eye Hospital Group Co. Ltd. Class A | 1,011,795 | 3,434 |
| | New China Life Insurance Co. Ltd. Class H | 2,133,189 | 3,388 |
| | Shenzhen Inovance Technology Co. Ltd. Class A | 369,600 | 3,386 |
| *,1 | Huaneng Power International Inc. Class H | 9,388,226 | 3,359 |
| | China Power International Development Ltd. | 11,229,326 | 3,245 |
| | Country Garden Services Holdings Co. Ltd. | 3,674,701 | 3,212 |
| | NARI Technology Co. Ltd. Class A | 955,156 | 3,208 |
| | Poly Developments and Holdings Group Co. Ltd. Class A | 1,686,895 | 3,205 |
| | China Hongqiao Group Ltd. | 4,514,067 | 3,195 |
| | China State Construction International Holdings Ltd. | 3,541,767 | 3,186 |
| *,3 | Haidilao International Holding Ltd. | 2,145,237 | 3,185 |
| | Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 904,200 | 3,133 |
| 3 | Yadea Group Holdings Ltd. | 2,010,000 | 3,069 |
| | Anhui Gujing Distillery Co. Ltd. Class B | 259,439 | 3,060 |
| | Eve Energy Co. Ltd. Class A | 267,664 | 3,055 |
| | Bank of Ningbo Co. Ltd. Class A | 930,970 | 3,039 |
| | Autohome Inc. ADR | 115,446 | 3,015 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 1,185,566 | 2,994 |
| 3 | Hansoh Pharmaceutical Group Co. Ltd. | 1,932,608 | 2,988 |
| | ZTE Corp. Class H | 1,674,512 | 2,987 |
| * | Kanzhun Ltd. | 271,764 | 2,970 |
| *,1,3 | Hygeia Healthcare Holdings Co. Ltd. | 679,867 | 2,944 |
| 3 | Guotai Junan Securities Co. Ltd. Class H | 2,912,331 | 2,942 |
| | Inner Mongolia Yitai Coal Co. Ltd. Class B | 2,061,514 | 2,917 |
| | Haier Smart Home Co. Ltd. Class A | 1,016,696 | 2,902 |
| | Aluminum Corp. of China Ltd. Class H | 10,159,642 | 2,896 |
| | JA Solar Technology Co. Ltd. Class A | 335,464 | 2,881 |
| * | Air China Ltd. Class H | 4,130,019 | 2,874 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| *,3 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 1,536,996 | 2,865 |
| | China Galaxy Securities Co. Ltd. Class H | 7,488,117 | 2,804 |
| | Minth Group Ltd. | 1,405,714 | 2,772 |
| | Trina Solar Co. Ltd. Class A | 303,635 | 2,771 |
| * | Tianqi Lithium Corp. | 211,484 | 2,762 |
| | Shandong Gold Mining Co. Ltd. Class A | 1,160,763 | 2,760 |
| | Unigroup Guoxin Microelectronics Co. Ltd. Class A | 121,075 | 2,728 |
| | TravelSky Technology Ltd. Class H | 1,862,759 | 2,709 |
| | China Medical System Holdings Ltd. | 2,469,850 | 2,699 |
| | NAURA Technology Group Co. Ltd. Class A | 74,100 | 2,690 |
| | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 85,597 | 2,676 |
| | Chongqing Zhifei Biological Products Co. Ltd. Class A | 228,300 | 2,670 |
| | GF Securities Co. Ltd. Class H | 2,616,597 | 2,662 |
| | Fosun International Ltd. | 4,336,288 | 2,650 |
| | Beijing Enterprises Holdings Ltd. | 1,041,088 | 2,641 |
| | Beijing Kingsoft Office Software Inc. Class A | 65,964 | 2,635 |
| | China Three Gorges Renewables Group Co. Ltd. Class A | 3,413,500 | 2,610 |
| | Beijing-Shanghai High Speed Railway Co. Ltd. Class A | 4,257,190 | 2,605 |
| | 360 DigiTech Inc. ADR | 256,340 | 2,604 |
| | China Molybdenum Co. Ltd. Class H | 8,067,984 | 2,598 |
| | Dongfeng Motor Group Co. Ltd. Class H | 5,718,643 | 2,587 |
| | COSCO SHIPPING Holdings Co. Ltd. Class A | 1,668,680 | 2,572 |
| | SAIC Motor Corp. Ltd. Class A | 1,353,415 | 2,555 |
| * | Shanghai International Airport Co. Ltd. Class A | 347,598 | 2,544 |
| 1 | Country Garden Holdings Co. | 19,541,793 | 2,519 |
| | Tianjin Zhonghuan Semiconductor Co. Ltd. Class A | 464,300 | 2,517 |
| | AECC Aviation Power Co. Ltd. Class A | 373,300 | 2,496 |
| | CRRC Corp. Ltd. Class H | 8,074,000 | 2,448 |
| | China Shenhua Energy Co. Ltd. Class A | 634,456 | 2,434 |
| | Bank of Communications Co. Ltd. Class A | 3,983,600 | 2,431 |
| | China Everbright International Ltd. | 7,208,484 | 2,398 |
| | | Shares | Market
Value•
($000) |
| * | China Southern Airlines Co. Ltd. Class H | 4,631,237 | 2,391 |
| | Jiangxi Copper Co. Ltd. Class H | 2,180,392 | 2,383 |
| | Haitian International Holdings Ltd. | 1,174,947 | 2,352 |
| | Bosideng International Holdings Ltd. | 5,432,931 | 2,347 |
| | JOYY Inc. ADR | 92,967 | 2,346 |
| | China Energy Engineering Corp. Ltd. (XSSC) | 7,341,699 | 2,304 |
| * | Qinghai Salt Lake Industry Co. Ltd. | 777,295 | 2,295 |
| | China CSSC Holdings Ltd. Class A | 622,100 | 2,267 |
| | Sany Heavy Industry Co. Ltd. Class A | 1,206,800 | 2,239 |
| | China Petroleum & Chemical Corp. Class A | 4,007,000 | 2,239 |
| | Yunnan Energy New Material Co. Ltd. Class A | 110,310 | 2,237 |
| | Lufax Holding Ltd. ADR | 1,402,792 | 2,230 |
| *,3 | China Literature Ltd. | 825,229 | 2,226 |
| 3 | China Resources Pharmaceutical Group Ltd. | 3,292,232 | 2,221 |
| | China Insurance International Holdings Co. Ltd. | 3,189,272 | 2,209 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 1,624,219 | 2,201 |
| | PetroChina Co. Ltd. | 3,352,095 | 2,196 |
| | Yuexiu Property Co. Ltd. | 2,552,965 | 2,179 |
| | CRRC Corp. Ltd. Class A | 3,301,600 | 2,150 |
| 1 | Xtep International Holdings Ltd. | 2,316,500 | 2,123 |
| 3 | 3SBio Inc. | 2,976,269 | 2,102 |
| 1 | China Traditional Chinese Medicine Holdings Co. Ltd. | 4,849,306 | 2,096 |
| * | Microport Scientific Corp. | 989,574 | 2,091 |
| | Bank of Nanjing Co. Ltd. Class A | 1,464,065 | 2,073 |
| * | Gds Holdings Ltd. Class A | 1,851,827 | 2,067 |
| | AviChina Industry & Technology Co. Ltd. Class H | 4,701,567 | 2,059 |
| | Far East Horizon Ltd. | 2,653,301 | 2,049 |
| | China National Nuclear Power Co. Ltd. Class A | 2,418,100 | 2,001 |
| | China Vanke Co. Ltd. Class A | 1,070,200 | 1,984 |
| | Foxconn Industrial Internet Co. Ltd. Class A | 1,759,700 | 1,980 |
| | Flat Glass Group Co. Ltd. Class H | 835,649 | 1,960 |
| | China Everbright Bank Co. Ltd. Class A | 5,241,026 | 1,955 |
| 1,3 | Jiumaojiu International Holdings Ltd. | 1,243,000 | 1,954 |
| *,3 | Hua Hong Semiconductor Ltd. | 831,633 | 1,948 |
| | | Shares | Market
Value•
($000) |
| * | Beijing Capital International Airport Co. Ltd. Class H | 3,555,292 | 1,925 |
| 3 | CSC Financial Co. Ltd. Class H | 2,651,748 | 1,923 |
| 1,3 | Pop Mart International Group Ltd. | 1,459,000 | 1,892 |
| | Cosco Shipping Ports Ltd. | 3,801,097 | 1,874 |
| | China Minsheng Banking Corp. Ltd. Class A | 4,142,600 | 1,874 |
| | Nine Dragons Paper Holdings Ltd. | 3,151,072 | 1,868 |
| | China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 1,032,996 | 1,862 |
| | Shenzhen International Holdings Ltd. | 2,766,160 | 1,861 |
| | Guangdong Haid Group Co. Ltd. Class A | 233,808 | 1,851 |
| | China Everbright Bank Co. Ltd. Class H | 7,125,063 | 1,842 |
| 3 | Topsports International Holdings Ltd. | 3,646,209 | 1,839 |
| | China Pacific Insurance Group Co. Ltd. Class A | 701,800 | 1,832 |
| *,1,3 | Remegen Co. Ltd. Class H | 290,500 | 1,828 |
| | Shenwan Hongyuan Group Co. Ltd. Class A | 3,395,431 | 1,811 |
| | CSC Financial Co. Ltd. Class A | 556,038 | 1,805 |
| | Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 184,000 | 1,801 |
| | China United Network Communications Ltd. Class A | 3,875,200 | 1,786 |
| | Chongqing Changan Automobile Co. Ltd. Class A | 1,147,380 | 1,776 |
| | Daqin Railway Co. Ltd. Class A | 2,011,300 | 1,766 |
| | Pharmaron Beijing Co. Ltd. Class A | 248,052 | 1,762 |
| | Jiangsu Expressway Co. Ltd. Class H | 2,491,275 | 1,757 |
| * | RLX Technology Inc. ADR | 1,403,541 | 1,754 |
| | Baoshan Iron & Steel Co. Ltd. Class A | 2,646,300 | 1,747 |
| | Zhejiang Expressway Co. Ltd. Class H | 2,815,007 | 1,745 |
| | Yunnan Baiyao Group Co. Ltd. Class A | 231,620 | 1,733 |
| | China Northern Rare Earth Group High-Tech Co. Ltd. Class A | 519,800 | 1,731 |
| 3 | WuXi AppTec Co. Ltd. Class H | 215,598 | 1,730 |
| | BOE Technology Group Co. Ltd. Class B | 4,005,815 | 1,730 |
| | Bank of Beijing Co. Ltd. Class A | 3,106,900 | 1,721 |
| | Kingboard Laminates Holdings Ltd. | 2,153,118 | 1,720 |
| | China Jinmao Holdings Group Ltd. | 12,939,706 | 1,714 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| * | Zhaojin Mining Industry Co. Ltd. Class H | 2,054,137 | 1,692 |
| | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 391,000 | 1,691 |
| 3 | Hangzhou Tigermed Consulting Co. Ltd. Class H | 248,543 | 1,688 |
| | Zhejiang Huayou Cobalt Co. Ltd. Class A | 224,050 | 1,676 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 2,253,034 | 1,675 |
| | China Railway Group Ltd. Class A | 2,432,818 | 1,665 |
| 3 | Dali Foods Group Co. Ltd. | 4,035,257 | 1,661 |
| | Greentown China Holdings Ltd. | 1,737,297 | 1,658 |
| | Beijing Enterprises Water Group Ltd. | 7,857,390 | 1,651 |
| | Uni-President China Holdings Ltd. | 2,234,604 | 1,650 |
| | China Resources Cement Holdings Ltd. | 4,461,958 | 1,613 |
| | Shanghai Fudan Microelectronics Group Co. Ltd.Class A | 124,875 | 1,609 |
| | Yonyou Network Technology Co. Ltd. Class A | 477,962 | 1,606 |
| | ZTE Corp. Class A | 525,479 | 1,601 |
| * | COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 2,193,306 | 1,598 |
| | China Cinda Asset Management Co. Ltd. Class H | 17,147,916 | 1,593 |
| * | GD Power Development Co. Ltd. Class A | 2,655,496 | 1,591 |
| | Great Wall Motor Co. Ltd. Class A | 397,780 | 1,590 |
| | Haitong Securities Co. Ltd. Class A | 1,364,026 | 1,580 |
| * | Weibo Corp. ADR | 138,822 | 1,571 |
| | Suzhou Maxwell Technologies Co. Ltd. Class A | 23,704 | 1,560 |
| | Guangzhou Tinci Materials Technology Co. Ltd. Class A | 267,420 | 1,558 |
| | Yihai International Holding Ltd. | 942,418 | 1,553 |
| | Citic Pacific Special Steel Group Co. Ltd. Class A | 703,853 | 1,553 |
| | Ninestar Corp. Class A | 195,225 | 1,533 |
| | Iflytek Co. Ltd. Class A | 315,500 | 1,518 |
| | BOE Technology Group Co. Ltd. Class A | 3,309,300 | 1,518 |
| | China Lesso Group Holdings Ltd. | 1,840,883 | 1,494 |
| | Hundsun Technologies Inc. Class A | 259,242 | 1,485 |
| | | Shares | Market
Value•
($000) |
| | Bank of Shanghai Co. Ltd. Class A | 1,928,791 | 1,476 |
| | GoerTek Inc. Class A | 492,220 | 1,461 |
| | Inner Mongolia Eerduosi Resources Co. Ltd. Class A | 759,985 | 1,453 |
| | TBEA Co. Ltd. Class A | 517,300 | 1,450 |
| 3 | China Merchants Securities Co. Ltd. Class H | 1,560,113 | 1,447 |
| | Jiangsu Zhongtian Technology Co. Ltd. Class A | 479,900 | 1,447 |
| | Chongqing Changan Automobile Co. Ltd. Class B | 3,311,764 | 1,436 |
| | Power Construction Corp. of China Ltd. Class A | 1,481,300 | 1,431 |
| | SDIC Power Holdings Co. Ltd. Class A | 1,029,276 | 1,424 |
| * | COSCO SHIPPING Energy Transportation Co. Ltd. Class A | 612,400 | 1,423 |
| | Henan Shuanghui Investment & Development Co. Ltd. Class A | 454,600 | 1,420 |
| | Yihai Kerry Arawana Holdings Co. Ltd. Class A | 269,300 | 1,415 |
| | Anhui Gujing Distillery Co. Ltd. Class A | 52,188 | 1,413 |
| 1,3 | Jinxin Fertility Group Ltd. | 2,847,161 | 1,404 |
| 3 | Ganfeng Lithium Co. Ltd. Class H | 206,590 | 1,397 |
| | Ginlong Technologies Co. Ltd. Class A | 54,314 | 1,393 |
| | Ningbo Deye Technology Co. Claas A | 31,028 | 1,392 |
| | Huaxia Bank Co. Ltd. Class A | 2,096,898 | 1,378 |
| | Huadong Medicine Co. Ltd. Class A | 244,100 | 1,373 |
| * | Shanghai Electric Group Co. Ltd. Class H | 7,037,404 | 1,370 |
| *,1,3 | Ping An Healthcare and Technology Co. Ltd. | 734,708 | 1,359 |
| | Imeik Technology Development Co. Ltd. Class A | 23,400 | 1,352 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class H | 4,452,181 | 1,349 |
| | Bank of Hangzhou Co. Ltd. Class A | 808,835 | 1,342 |
| | Shanghai Putailai New Energy Technology Co. Ltd. Class A | 194,680 | 1,333 |
| | Postal Savings Bank of China Co. Ltd. Class A | 2,470,836 | 1,315 |
| * | Advanced Micro-Fabrication Equipment Inc. Class A | 86,487 | 1,314 |
| | China Zhenhua Group Science & Technology Co. Ltd. Class A | 70,700 | 1,309 |
| | Inner Mongolia BaoTou Steel Union Co. Ltd. Class A | 5,417,025 | 1,308 |
| | | Shares | Market
Value•
($000) |
| 1,3 | CanSino Biologics Inc. Class H | 140,459 | 1,306 |
| | China Communications Services Corp. Ltd. Class H | 4,673,205 | 1,304 |
| 1 | China Suntien Green Energy Corp. Ltd. Class H | 3,419,000 | 1,297 |
| | Anhui Conch Cement Co. Ltd. Class A | 388,800 | 1,296 |
| *,1 | China Eastern Airlines Corp. Ltd. Class H | 3,925,171 | 1,295 |
| | Guanghui Energy Co. Ltd. Class A | 916,800 | 1,292 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 1,479,461 | 1,282 |
| | Focus Media Information Technology Co. Ltd. Class A | 2,060,300 | 1,268 |
| | China Merchants Securities Co. Ltd. Class A | 731,967 | 1,257 |
| | Tsingtao Brewery Co. Ltd. Class A | 111,511 | 1,252 |
| 1 | Dongfang Electric Corp. Ltd. Class H | 826,891 | 1,247 |
| | Changchun High & New Technology Industry Group Inc. Class A | 55,882 | 1,243 |
| | Montage Technology Co. Ltd. Class A | 159,761 | 1,238 |
| | GF Securities Co. Ltd. Class A | 660,600 | 1,237 |
| | Beijing Tongrentang Co. Ltd. | 184,486 | 1,234 |
| * | iQIYI Inc. ADR | 608,160 | 1,228 |
| | Beijing United Information Technology Co. Ltd. | 71,900 | 1,223 |
| | Will Semiconductor Co. Ltd. Shanghai Class A | 120,674 | 1,216 |
| | Huatai Securities Co. Ltd. Class A | 739,600 | 1,215 |
| | Jiangsu Hengli Hydraulic Co. Ltd. Class A | 158,758 | 1,200 |
| | Hangzhou Tigermed Consulting Co. Ltd. Class A | 103,929 | 1,188 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A | 261,815 | 1,181 |
| 1 | Sinotruk Hong Kong Ltd. | 1,316,384 | 1,174 |
| | Huadian Power International Corp. Ltd. Class H | 3,909,550 | 1,174 |
| | Hopson Development Holdings Ltd. | 1,448,311 | 1,161 |
| | Ningbo Tuopu Group Co. Ltd. Class A | 130,300 | 1,158 |
| *,1,3 | Shanghai Junshi Biosciences Co. Ltd. Class H | 331,343 | 1,157 |
| | Walvax Biotechnology Co. Ltd. Class A | 218,600 | 1,155 |
| | China Meidong Auto Holdings Ltd. | 878,000 | 1,153 |
| | Weichai Power Co. Ltd. Class A | 911,888 | 1,138 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Metallurgical Corp. of China Ltd. Class H | 7,119,030 | 1,134 |
| | Dongfang Electric Corp. Ltd. Class A | 355,984 | 1,134 |
| | StarPower Semiconductor Ltd. Class A | 22,200 | 1,134 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 502,620 | 1,121 |
| | Gigadevice Semiconductor Beijing Inc. Class A | 99,071 | 1,120 |
| * | New Hope Liuhe Co. Ltd. Class A | 630,900 | 1,118 |
| | Ming Yang Smart Energy Group Ltd. Class A | 326,600 | 1,118 |
| | Wingtech Technology Co. Ltd. Class A | 169,400 | 1,111 |
| | CSG Holding Co. Ltd. Class B | 2,877,152 | 1,102 |
| | Lao Feng Xiang Co. Ltd. Class B | 391,321 | 1,097 |
| * | Yangzijiang Financial Holding | 4,972,896 | 1,089 |
| | TCL Technology Group Corp. Class A | 2,007,500 | 1,078 |
| | China Merchants Energy Shipping Co. Ltd. | 1,122,300 | 1,076 |
| | Shandong Hualu Hengsheng Chemical Co. Ltd. Class A | 299,044 | 1,074 |
| | Sinopec Engineering Group Co. Ltd. Class H | 3,000,688 | 1,073 |
| | Orient Securities Co. Ltd. Class A | 1,002,057 | 1,069 |
| | Yealink Network Technology Corp. Ltd. Class A | 112,568 | 1,065 |
| | SG Micro Corp. Class A | 51,750 | 1,064 |
| 3 | BAIC Motor Corp. Ltd. Class H | 4,793,436 | 1,062 |
| | Sichuan Road & Bridge Co. Ltd. Class A | 687,170 | 1,062 |
| | Zhejiang NHU Co. Ltd. Class A | 428,628 | 1,052 |
| | Chaozhou Three-Circle Group Co. Ltd. Class A | 269,500 | 1,049 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class H | 7,974,940 | 1,046 |
| | Shanghai International Port Group Co. Ltd. Class A | 1,473,900 | 1,045 |
| | Hoshine Silicon Industry Co. Ltd. Class A | 78,400 | 1,027 |
| | Gotion High-tech Co. Ltd. Class A | 247,900 | 1,025 |
| | Yanzhou Coal Mining Co. Ltd. Class A | 184,236 | 1,025 |
| | Sinotrans Ltd. Class H | 4,198,064 | 1,022 |
| | Western Superconducting Technologies Co. Ltd. Class A | 63,976 | 1,022 |
| | Founder Securities Co. Ltd. Class A | 1,174,400 | 1,020 |
| | | Shares | Market
Value•
($000) |
| | Hengli Petrochemical Co. Ltd. Class A | 480,400 | 1,012 |
| | YTO Express Group Co. Ltd. Class A | 389,000 | 1,007 |
| | China International Marine Containers Group Co. Ltd. Class H | 1,576,825 | 1,004 |
| 1 | Poly Property Services Co. Ltd. | 271,246 | 1,003 |
| | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 133,000 | 995 |
| | Ningbo Orient Wires & Cables Co. Ltd. Class A | 94,300 | 995 |
| | Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A | 430,650 | 992 |
| | Huayu Automotive Systems Co. Ltd. Class A | 430,169 | 989 |
| 3 | Blue Moon Group Holdings Ltd. | 1,677,000 | 989 |
| | Shenzhen Expressway Co. Ltd. Class H | 1,369,782 | 983 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class A | 406,644 | 981 |
| | Huizhou Desay Sv Automotive Co. Ltd. Class A | 68,900 | 979 |
| | China Resources Microelectronics Ltd. Class A | 140,484 | 977 |
| | Jiangsu Eastern Shenghong Co. Ltd. Class A | 578,700 | 976 |
| 1 | Vinda International Holdings Ltd. | 512,842 | 962 |
| *,1 | Alibaba Pictures Group Ltd. | 25,902,294 | 957 |
| | Shougang Fushan Resources Group Ltd. | 3,524,303 | 955 |
| | Zoomlion Heavy Industry Science and Technology Co. Ltd. Class A | 1,298,700 | 953 |
| | Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 226,960 | 946 |
| | 360 Security Technology Inc. Class A | 966,799 | 939 |
| | Jiangsu King's Luck Brewery JSC Ltd. Class A | 181,206 | 929 |
| | China Jushi Co. Ltd. Class A | 575,453 | 924 |
| * | China Southern Airlines Co. Ltd. Class A | 1,037,697 | 922 |
| 1 | Jinke Smart Services Group Co. Ltd. Class H | 627,100 | 920 |
| | Hangzhou Silan Microelectronics Co. Ltd. Class A | 212,500 | 917 |
| | Lepu Medical Technology Beijing Co. Ltd. Class A | 264,200 | 916 |
| | Anhui Expressway Co. Ltd. Class H | 1,426,728 | 912 |
| | | Shares | Market
Value•
($000) |
| | Sichuan Chuantou Energy Co. Ltd. Class A | 601,900 | 912 |
| | Shenzhen Transsion Holdings Co. Ltd. Class A | 106,430 | 910 |
| | Shanxi Coking Coal Energy Group Co. Ltd. Class A | 582,020 | 907 |
| | Livzon Pharmaceutical Group Inc. Class H | 344,871 | 903 |
| | Everbright Securities Co. Ltd. Class A | 467,695 | 902 |
| | Hangzhou First Applied Material Co. Ltd. Class A | 101,776 | 900 |
| | Lens Technology Co. Ltd. Class A | 656,400 | 898 |
| *,1,3 | Luye Pharma Group Ltd. | 3,681,461 | 895 |
| | Fuyao Glass Industry Group Co. Ltd. Class A | 194,900 | 893 |
| | Hithink RoyalFlush Information Network Co. Ltd. Class A | 75,666 | 885 |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class B | 483,647 | 884 |
| | China National Software & Service Co. Ltd. | 88,898 | 884 |
| | China Everbright Ltd. | 1,656,662 | 874 |
| | Aluminum Corp. of China Ltd. Class A | 1,640,900 | 870 |
| | Zhejiang Supcon Technology Co. Ltd. | 65,652 | 870 |
| 1 | Zoomlion Heavy Industry Science and Technology Co. Ltd. Class H | 2,693,715 | 868 |
| | Shanghai Industrial Holdings Ltd. | 888,512 | 867 |
| | Lee & Man Paper Manufacturing Ltd. | 2,857,583 | 866 |
| | JCET Group Co. Ltd. Class A | 261,500 | 864 |
| | Shenzhen Investment Ltd. | 6,319,151 | 861 |
| | Shenzhen SC New Energy Technology Corp. Class A | 46,100 | 860 |
| | MINISO Group Holding Ltd. ADR | 168,590 | 860 |
| | Hengtong Optic-electric Co. Ltd. Class A | 320,200 | 857 |
| | People's Insurance Co. Group of China Ltd. | 1,288,500 | 857 |
| * | Industrial Securities Co. Ltd. Class A | 1,135,810 | 851 |
| | Maxscend Microelectronics Co. Ltd. Class A | 67,008 | 848 |
| | Shan Xi Hua Yang Group New Energy Co. Ltd. Class A | 362,400 | 839 |
| | Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A | 241,100 | 835 |
| | Zhejiang Juhua Co. Ltd. Class A | 387,549 | 835 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | AVIC Electromechanical Systems Co. Ltd. Class A | 519,892 | 834 |
| | Chongqing Brewery Co. Ltd. Class A | 69,400 | 831 |
| 3 | Legend Holdings Corp. Class H | 988,779 | 831 |
| | Shenzhen Dynanonic Co. Ltd. Class A | 23,420 | 829 |
| | Jiangxi Copper Co. Ltd. Class A | 391,000 | 826 |
| | Wuxi Shangji Automation Co. Ltd. Class A | 49,020 | 824 |
| | Huaneng Lancang River Hydropower Inc. | 942,200 | 824 |
| | ENN Natural Gas Co. Ltd. Class A | 385,400 | 821 |
| | Guosen Securities Co. Ltd. Class A | 693,581 | 821 |
| | Yanlord Land Group Ltd. | 1,342,387 | 820 |
| * | National Silicon Industry Group Co. Ltd. Class A | 293,045 | 816 |
| | YongXing Special Materials Technology Co. Ltd. Class A | 50,700 | 810 |
| | COSCO SHIPPING Development Co. Ltd. Class H | 6,979,713 | 809 |
| | Towngas Smart Energy Co. Ltd. | 2,296,307 | 804 |
| | Mango Excellent Media Co. Ltd. Class A | 264,729 | 798 |
| | Zhejiang Dahua Technology Co. Ltd. Class A | 501,500 | 796 |
| 3 | China Railway Signal & Communication Corp. Ltd. Class H | 2,781,353 | 793 |
| | China Oilfield Services Ltd. Class A | 344,089 | 792 |
| | China National Chemical Engineering Co. Ltd. Class A | 814,400 | 791 |
| * | China Conch Environment Protection Holdings Ltd. | 2,674,915 | 789 |
| * | China Eastern Airlines Corp. Ltd. Class A | 1,192,829 | 787 |
| | Satellite Chemical Co. Ltd. Class A | 460,380 | 783 |
| | Xiamen Faratronic Co. Ltd. Class A | 32,300 | 782 |
| | Pylon Technologies Co. Ltd. | 18,366 | 780 |
| | Sinomine Resource Group Co. Ltd. Class A | 63,200 | 778 |
| 3 | Angelalign Technology, Inc. | 87,567 | 773 |
| | Ningbo Shanshan Co. Ltd. Class A | 314,000 | 773 |
| | Wuhan Guide Infrared Co. Ltd. Class A | 480,843 | 767 |
| * | Kuang-Chi Technologies Co. Ltd. Class A | 322,300 | 765 |
| * | Topchoice Medical Corp. Class A | 45,378 | 764 |
| | | Shares | Market
Value•
($000) |
| | China Molybdenum Co. Ltd. Class A | 1,333,091 | 759 |
| 1,3 | A-Living Smart City Services Co. Ltd. | 1,330,040 | 755 |
| | Sunwoda Electronic Co. Ltd. Class A | 235,400 | 751 |
| | Suzhou TA&A Ultra Clean Technology Co. Ltd. Class A | 88,400 | 751 |
| * | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 1,204,200 | 747 |
| | AECC Aero-Engine Control Co. Ltd. Class A | 180,000 | 742 |
| * | Datang International Power Generation Co. Ltd. Class H | 5,821,035 | 741 |
| | Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. Class A | 43,082 | 741 |
| | Guangzhou Automobile Group Co. Ltd. Class A | 476,130 | 740 |
| | Fu Jian Anjoy Foods Co. Ltd. Class A | 40,100 | 739 |
| *,1 | HengTen Networks Group Ltd. | 4,703,840 | 738 |
| 3 | Orient Securities Co. Ltd. Class H | 1,962,035 | 732 |
| * | Air China Ltd. Class A | 551,026 | 732 |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class A | 97,720 | 732 |
| | Yifeng Pharmacy Chain Co. Ltd. Class A (XSHG) | 94,771 | 729 |
| | Hangzhou Chang Chuan Technology Co. Ltd. Class A | 88,200 | 724 |
| | Yintai Gold Co. Ltd. Class A | 366,940 | 723 |
| | LB Group Co. Ltd. Class A | 340,500 | 719 |
| | XCMG Construction Machinery Co. Ltd. Class A | 1,131,200 | 718 |
| | Hongfa Technology Co. Ltd. Class A | 152,400 | 718 |
| | China Reinsurance Group Corp. Class H | 13,486,206 | 713 |
| 3 | Joinn Laboratories China Co. Ltd. Class H | 218,260 | 708 |
| | Xiamen C & D Inc. Class A | 428,300 | 705 |
| | Thunder Software Technology Co. Ltd. Class A | 52,000 | 704 |
| | Gemdale Corp. Class A | 649,600 | 699 |
| | Bloomage Biotechnology Corp. Ltd. Class A | 47,917 | 699 |
| * | Yunnan Yuntianhua Co. Ltd. | 250,396 | 692 |
| | GEM Co. Ltd. Class A | 677,098 | 690 |
| | Bank of Jiangsu Co. Ltd. Class A | 727,090 | 690 |
| | Shanxi Meijin Energy Co. Ltd. Class A | 571,200 | 686 |
| | Chengxin Lithium Group Co. Ltd. Class A | 115,200 | 686 |
| | | Shares | Market
Value•
($000) |
| | Shenzhen Kangtai Biological Products Co. Ltd. Class A | 160,322 | 684 |
| | Shanghai RAAS Blood Products Co. Ltd. Class A | 917,200 | 683 |
| | China Greatwall Technology Group Co. Ltd. Class A | 442,000 | 677 |
| * | Beijing Dabeinong Technology Group Co. Ltd. Class A | 536,800 | 675 |
| | Shenzhen Overseas Chinese Town Co. Ltd. Class A | 1,166,700 | 674 |
| | Bethel Automotive Safety Systems Co. Ltd. Class A | 56,200 | 672 |
| | Haohua Chemical Science & Technology Co. Ltd. Class A | 113,400 | 667 |
| | Zhejiang Chint Electrics Co. Ltd. Class A | 190,493 | 665 |
| | Ningbo Ronbay New Energy Technology Co. Ltd. Class A | 61,201 | 663 |
| | Weihai Guangwei Composites Co. Ltd. Class A | 62,200 | 662 |
| * | Yatsen Holding Ltd. ADR | 584,010 | 660 |
| | JiuGui Liquor Co. Ltd. Class A | 47,100 | 660 |
| *,1 | Seazen Group Ltd. | 4,109,639 | 660 |
| | Asymchem Laboratories Tianjin Co. Ltd. Class A | 33,740 | 659 |
| | Humanwell Healthcare Group Co. Ltd. Class A | 238,300 | 656 |
| | Shui On Land Ltd. | 7,146,576 | 655 |
| | Hualan Biological Engineering Inc. Class A | 267,864 | 652 |
| | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class A | 108,900 | 649 |
| | Beijing New Building Materials plc Class A | 236,796 | 645 |
| | Shandong Nanshan Aluminum Co. Ltd. Class A | 1,523,300 | 644 |
| | Ecovacs Robotics Co. Ltd. Class A | 80,000 | 642 |
| | Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 188,690 | 641 |
| | Rongsheng Petrochemical Co. Ltd. Class A | 435,350 | 640 |
| * | Wens Foodstuffs Group Co. Ltd. Class A | 259,880 | 639 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class A | 445,497 | 639 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 739,152 | 638 |
| * | Huaneng Power International Inc. Class A | 692,900 | 637 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | China Railway Signal & Communication Corp. Ltd. Class A | 1,025,723 | 637 |
| * | Shanghai Electric Group Co. Ltd. Class A | 1,189,400 | 634 |
| | Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A | 149,200 | 633 |
| | Jiangsu GoodWe Power Supply Technology Co. Ltd. Class A | 13,703 | 630 |
| | New China Life Insurance Co. Ltd. Class A | 195,747 | 629 |
| | Metallurgical Corp. of China Ltd. Class A | 1,588,300 | 628 |
| * | Lingyi iTech Guangdong Co. Class A | 966,500 | 627 |
| | Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 37,300 | 627 |
| | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 60,600 | 626 |
| | Beijing Jingneng Clean Energy Co. Ltd. Class H | 3,358,579 | 624 |
| | Beijing Tiantan Biological Products Corp. Ltd. Class A | 218,545 | 622 |
| | Caitong Securities Co. Ltd. Class A | 630,577 | 619 |
| | Hubei Xingfa Chemicals Group Co. Ltd. Class A | 159,000 | 617 |
| | Sinolink Securities Co. Ltd. Class A | 564,200 | 611 |
| | Sun Art Retail Group Ltd. | 3,832,500 | 610 |
| | Zangge Mining Co. Ltd. | 163,196 | 610 |
| * | Jiangxi Special Electric Class A | 232,600 | 609 |
| | Guotai Junan Securities Co. Ltd. Class A | 334,700 | 608 |
| | Angel Yeast Co. Ltd. Class A | 121,700 | 605 |
| | Yantai Jereh Oilfield Services Group Co. Ltd. Class A | 145,897 | 602 |
| | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 219,220 | 601 |
| | Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 246,000 | 598 |
| | Ningxia Baofeng Energy Group Co. Ltd. Class A | 380,300 | 598 |
| * | TongFu Microelectronics Co. Ltd. Class A | 231,000 | 596 |
| | Nanjing Securities Co. Ltd. Class A | 548,000 | 596 |
| | Sinoma Science & Technology Co. Ltd. Class A | 241,600 | 593 |
| | Jiangsu Yangnong Chemical Co. Ltd. Class A | 46,600 | 590 |
| | | Shares | Market
Value•
($000) |
| | Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. Class A | 1,103,700 | 588 |
| | Yunnan Aluminium Co. Ltd. Class A | 466,000 | 586 |
| | Tianshui Huatian Technology Co. Ltd. Class A | 483,400 | 584 |
| | Inspur Electronic Information Industry Co. Ltd. Class A | 185,120 | 584 |
| | Zhuzhou CRRC Times Electric Co. Ltd. Class A | 67,667 | 584 |
| * | Seazen Holdings Co. Ltd. Class A | 321,597 | 582 |
| *,2 | China Evergrande Group | 3,687,461 | 581 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A | 157,100 | 580 |
| | SooChow Securities Co. Ltd. Class A | 645,606 | 580 |
| | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A | 129,800 | 579 |
| * | Skshu Paint Co. Ltd. Class A | 48,420 | 578 |
| | Keda Industrial Group Co. Ltd. | 270,600 | 578 |
| | China International Capital Corp. Ltd. Class A | 120,800 | 575 |
| | Westone Information Industry Inc. Class A | 114,898 | 573 |
| | Ningbo Zhoushan Port Co. Ltd. Class A | 1,203,000 | 572 |
| | Longshine Technology Group Co. Ltd. Class A | 161,400 | 571 |
| | NavInfo Co. Ltd. Class A | 350,596 | 570 |
| | Hangzhou Lion Electronics Co. Ltd. Class A | 96,034 | 565 |
| | Tongkun Group Co. Ltd. Class A | 339,000 | 564 |
| 3 | Shandong Gold Mining Co. Ltd. Class H | 352,116 | 560 |
| | Beijing Easpring Material Technology Co. Ltd. Class A | 68,900 | 560 |
| * | Sichuan New Energy Power Co. Ltd. | 216,500 | 559 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class B | 389,084 | 557 |
| | Shanghai Bairun Investment Holding Group Co. Ltd. Class A | 132,692 | 555 |
| | Yangzhou Yangjie Electronic Technology Co. Ltd. Class A | 78,800 | 554 |
| | Jiangsu Yoke Technology Co. Ltd. Class A | 68,700 | 553 |
| | Angang Steel Co. Ltd. Class H | 2,658,568 | 552 |
| | | Shares | Market
Value•
($000) |
| | Ingenic Semiconductor Co. Ltd. Class A | 59,300 | 552 |
| * | China Minmetals Rare Earth Co. Ltd. Class A | 139,300 | 552 |
| | Huaibei Mining Holdings Co. Ltd. Class A | 309,600 | 552 |
| | CanSino Biologics Inc. Class A | 21,240 | 552 |
| | Guangdong HEC Technology Holding Co. Ltd. Class A | 432,553 | 551 |
| | Shanghai Friendess Electronic Technology Corp. Ltd. Class A | 19,514 | 551 |
| | Shengyi Technology Co. Ltd. Class A | 288,700 | 550 |
| * | Youngy Co. Ltd. Class A | 36,300 | 550 |
| | Huadian Power International Corp. Ltd. Class A | 733,700 | 547 |
| | Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 445,100 | 546 |
| | BTG Hotels Group Co. Ltd. Class A | 182,796 | 545 |
| * | Flat Glass Group Co. Ltd. Class A | 116,000 | 545 |
| | China Baoan Group Co. Ltd. Class A | 342,200 | 543 |
| | Western Securities Co. Ltd. Class A | 662,694 | 543 |
| | Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 1,432,590 | 542 |
| | Songcheng Performance Development Co. Ltd. Class A | 342,320 | 541 |
| | Guoyuan Securities Co. Ltd. Class A | 631,751 | 541 |
| | Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 110,500 | 539 |
| | Youngor Group Co. Ltd. Class A | 655,000 | 537 |
| | Yangling Metron New Material Inc. | 78,900 | 537 |
| 1 | Agile Group Holdings Ltd. | 2,817,881 | 536 |
| | Shenzhen Capchem Technology Co. Ltd. Class A | 107,740 | 534 |
| | Maanshan Iron & Steel Co. Ltd. Class A | 1,540,900 | 533 |
| * | Shanghai Electric Power Co. Ltd. Class A | 422,000 | 531 |
| | Tianjin Guangyu Development Co. Ltd. Class A | 292,500 | 530 |
| | Hangzhou Oxygen Plant Group Co. Ltd. Class A | 91,877 | 529 |
| | Weifu High-Technology Group Co. Ltd. Class B | 347,462 | 528 |
| | Huafon Chemical Co. Ltd. Class A | 577,800 | 528 |
| 1 | Ming Yuan Cloud Group Holdings Ltd. | 1,138,000 | 524 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | iRay Technology Co. Ltd. | 7,410 | 524 |
| | BBMG Corp. Class H | 5,067,085 | 523 |
| 2 | Shimao Group Holdings Ltd. | 2,734,246 | 522 |
| | China Coal Energy Co. Ltd. Class A | 431,438 | 521 |
| | Huaxin Cement Co. Ltd. Class H | 599,700 | 518 |
| * | Zhejiang Century Huatong Group Co. Ltd. Class A | 1,017,007 | 516 |
| | Xiamen Tungsten Co. Ltd. Class A | 187,399 | 516 |
| | Shanghai Mechanical and Electrical Industry Co. Ltd. Class B | 494,438 | 510 |
| | Shenzhen Energy Group Co. Ltd. Class A | 651,220 | 509 |
| | Yunnan Botanee Bio-Technology Group Co. Ltd. Class A | 25,900 | 508 |
| | Changjiang Securities Co. Ltd. Class A | 706,986 | 506 |
| | Sichuan Yahua Industrial Group Co. Ltd. Class A | 137,700 | 506 |
| | Sichuan Swellfun Co. Ltd. Class A | 64,700 | 503 |
| *,2,3 | Evergrande Property Services Group Ltd. | 7,876,000 | 502 |
| | Xinhua Winshare Publishing and Media Co. Ltd. Class H | 829,439 | 501 |
| | Sailun Group Co. Ltd. Class A | 420,800 | 501 |
| 1,2 | CIFI Holdings Group Co. Ltd. | 7,711,387 | 499 |
| | By-health Co. Ltd. Class A | 207,366 | 499 |
| | Apeloa Pharmaceutical Co. Ltd. Class A | 174,800 | 499 |
| | Sichuan Hebang Biotechnology Co. Ltd. Class A | 1,261,800 | 499 |
| | Beijing Shiji Information Technology Co. Ltd. Class A | 286,935 | 498 |
| * | Kingsoft Cloud Holdings Ltd. ADR | 195,190 | 494 |
| | Ovctek China Inc. Class A | 120,520 | 491 |
| | Zhejiang Weixing New Building Materials Co. Ltd. Class A | 205,000 | 489 |
| | AVIC Industry-Finance Holdings Co. Ltd. Class A | 1,176,800 | 489 |
| | First Capital Securities Co. Ltd. Class A | 636,700 | 486 |
| | Hubei Energy Group Co. Ltd. Class A | 842,208 | 484 |
| | Hesteel Co. Ltd. Class A | 1,626,300 | 483 |
| | Fujian Sunner Development Co. Ltd. Class A | 160,100 | 482 |
| | Offshore Oil Engineering Co. Ltd. Class A | 749,000 | 482 |
| | | Shares | Market
Value•
($000) |
| | COSCO SHIPPING Development Co. Ltd. Class A | 1,440,340 | 482 |
| | Pingdingshan Tianan Coal Mining Co. Ltd. Class A | 315,800 | 478 |
| | Zhejiang China Commodities City Group Co. Ltd. Class A | 829,300 | 477 |
| | Kingfa Sci & Tech Co. Ltd. Class A | 358,300 | 476 |
| | Liaoning Port Co. Ltd. Class A | 2,183,500 | 476 |
| | Tongling Nonferrous Metals Group Co. Ltd. Class A | 1,372,758 | 475 |
| | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 73,600 | 474 |
| | AVICOPTER plc Class A | 78,400 | 473 |
| | Dongxing Securities Co. Ltd. Class A | 442,092 | 471 |
| | Daan Gene Co. Ltd. Class A | 192,016 | 470 |
| | Jason Furniture Hangzhou Co. Ltd. Class A | 113,230 | 470 |
| | Beijing Shougang Co. Ltd. Class A | 1,001,600 | 469 |
| | Do-Fluoride New Materials Co. Ltd. Class A | 109,300 | 467 |
| | Sieyuan Electric Co. Ltd. Class A | 101,500 | 466 |
| * | Li Auto Inc. Class A | 67,281 | 462 |
| | Jafron Biomedical Co. Ltd. Class A | 105,984 | 461 |
| * | Amlogic Shanghai Co. Ltd. Class A | 58,527 | 460 |
| 3 | Everbright Securities Co. Ltd. Class H | 848,070 | 459 |
| | Levima Advanced Materials Corp. Class A | 101,600 | 456 |
| | China National Accord Medicines Corp. Ltd. Class B | 212,045 | 454 |
| | Southwest Securities Co. Ltd. Class A | 893,700 | 454 |
| * | FIH Mobile Ltd. | 5,543,303 | 452 |
| * | Guangdong Electric Power Development Co. Ltd. Class B | 1,771,491 | 452 |
| | Shandong Sun Paper Industry JSC Ltd. Class A | 313,600 | 452 |
| | Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. Class A | 28,472 | 447 |
| | Beijing Yanjing Brewery Co. Ltd. Class A | 380,500 | 445 |
| | 3peak Inc. | 12,663 | 445 |
| | Avary Holding Shenzhen Co. Ltd. Class A | 108,600 | 444 |
| | Huafa Industrial Co. Ltd. Zhuhai Class A | 379,100 | 444 |
| | Dong-E-E-Jiao Co. Ltd. Class A | 86,100 | 443 |
| | Guangxi Guiguan Electric Power Co. Ltd. Class A | 515,960 | 443 |
| | | Shares | Market
Value•
($000) |
| | Tianma Microelectronics Co. Ltd. Class A | 364,666 | 442 |
| | Bank of Changsha Co. Ltd. Class A | 500,900 | 442 |
| | Eastern Air Logistics Co. Ltd. | 210,498 | 442 |
| | Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 1,844,864 | 441 |
| | Jiangsu Cnano Technology Co. Ltd. | 33,748 | 441 |
| | Chengdu Xingrong Environment Co. Ltd. Class A | 664,705 | 440 |
| | Heilongjiang Agriculture Co. Ltd. Class A | 231,300 | 438 |
| | Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 283,200 | 437 |
| | Shenzhen Senior Technology Material Co. Ltd. Class A | 172,100 | 437 |
| | Shenghe Resources Holding Co. Ltd. Class A | 237,500 | 436 |
| | Shanghai Lingang Holdings Corp. Ltd. Class A | 277,488 | 436 |
| | Shanghai Yuyuan Tourist Mart Group Co. Ltd. Class A | 504,600 | 434 |
| | Luoyang Xinqianglian Slewing Bearing Co. Ltd. Class A | 45,050 | 433 |
| | Hunan Valin Steel Co. Ltd. Class A | 787,000 | 432 |
| | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A | 484,600 | 429 |
| | Porton Pharma Solutions Ltd. | 73,195 | 427 |
| | GRG Banking Equipment Co. Ltd. Class A | 328,787 | 425 |
| | Western Mining Co. Ltd. Class A | 326,300 | 425 |
| 1 | Central China Securities Co. Ltd. Class H | 3,501,621 | 424 |
| | Eastroc Beverage Group Co. Ltd. Class A | 19,800 | 421 |
| * | Hang Zhou Great Star Industrial Co. Ltd. Class A | 159,100 | 420 |
| | Jointown Pharmaceutical Group Co. Ltd. Class A | 241,100 | 416 |
| * | Ningbo Joyson Electronic Corp. Class A | 197,500 | 416 |
| | Hengyi Petrochemical Co. Ltd. Class A | 448,600 | 413 |
| | Han's Laser Technology Industry Group Co. Ltd. Class A | 118,000 | 411 |
| | Sinoma International Engineering Co. Class A | 349,900 | 411 |
| | Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | 140,570 | 410 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 118,174 | 410 |
| | Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 254,400 | 408 |
| 3 | Shenwan Hongyuan Group Co. Ltd. Class H | 2,496,800 | 407 |
| | Xuji Electric Co. Ltd. Class A | 166,500 | 406 |
| | Chongqing Fuling Zhacai Group Co. Ltd. Class A | 131,300 | 405 |
| | Sangfor Technologies Inc. Class A | 23,400 | 404 |
| * | Dada Nexus Ltd. ADR | 129,670 | 401 |
| * | Guangshen Railway Co. Ltd. Class H | 3,076,100 | 400 |
| * | Shandong Chenming Paper Holdings Ltd. Class B | 1,407,350 | 400 |
| * | Fangda Carbon New Material Co. Ltd. Class A | 485,516 | 400 |
| | Titan Wind Energy Suzhou Co. Ltd. Class A | 247,600 | 399 |
| | Sino-Ocean Group Holding Ltd. | 5,999,904 | 398 |
| | Shanxi Taigang Stainless Steel Co. Ltd. Class A | 731,500 | 397 |
| | Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A | 408,600 | 396 |
| | Winning Health Technology Group Co. Ltd. Class A | 298,080 | 396 |
| 3 | Pharmaron Beijing Co. Ltd. Class H | 116,118 | 392 |
| | Unisplendour Corp. Ltd. Class A | 166,737 | 392 |
| * | Shandong Chenming Paper Holdings Ltd. Class H | 1,382,798 | 391 |
| | CECEP Wind-Power Corp. Class A | 665,300 | 391 |
| | Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. Class A | 195,900 | 390 |
| | Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. Class A | 104,394 | 389 |
| | CECEP Solar Energy Co. Ltd. Class A | 417,380 | 388 |
| * | Wanda Film Holding Co. Ltd. | 279,999 | 388 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 465,271 | 386 |
| | Shandong Denghai Seeds Co. Ltd. Class A | 135,400 | 386 |
| | Jizhong Energy Resources Co. Ltd. Class A | 461,603 | �� 384 |
| | Guangdong Kinlong Hardware Products Co. Ltd. Class A | 35,300 | 384 |
| | | Shares | Market
Value•
($000) |
| | Shenzhen Kedali Industry Co. Ltd. Class A | 30,400 | 383 |
| | Tangshan Jidong Cement Co. Ltd. Class A | 365,900 | 381 |
| * | China Zheshang Bank Co. Ltd. Class A | 1,001,500 | 379 |
| 3 | Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H | 178,430 | 377 |
| * | Kaishan Group Co. Ltd. Class A | 163,044 | 374 |
| | Wuchan Zhongda Group Co. Ltd. Class A | 654,300 | 374 |
| *,1 | Gome Electrical Appliances Holdings Ltd. | 22,878,816 | 373 |
| | Luxi Chemical Group Co. Ltd. Class A | 238,800 | 373 |
| | Zhefu Holding Group Co. Ltd. Class A | 694,800 | 373 |
| | Raytron Technology Co. Ltd. Class A | 57,119 | 373 |
| | Beijing Roborock Technology Co. Ltd. Class A | 11,526 | 373 |
| | Guolian Securities Co. Ltd. Class A | 286,300 | 367 |
| | Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A | 207,783 | 366 |
| | Shenzhen Gas Corp. Ltd. Class A | 408,000 | 365 |
| | Bank of Guiyang Co. Ltd. Class A | 508,200 | 363 |
| | Nanjing Iron & Steel Co. Ltd. Class A | 866,100 | 362 |
| | Shenzhen YUTO Packaging Technology Co. Ltd. Class A | 81,000 | 362 |
| * | Shanghai Junshi Biosciences Co. Ltd. Class A | 37,033 | 362 |
| | WUS Printed Circuit Kunshan Co. Ltd. Class A | 240,570 | 359 |
| | Zhejiang Yongtai Technology Co. Ltd. Class A | 119,415 | 358 |
| | Guangzhou Haige Communications Group Inc. Co. Class A | 308,400 | 358 |
| | Universal Scientific Industrial Shanghai Co. Ltd. Class A | 149,700 | 358 |
| | Tian Di Science & Technology Co. Ltd. Class A | 529,200 | 356 |
| | Shenzhen Kaifa Technology Co. Ltd. Class A | 225,500 | 354 |
| | Beijing Enlight Media Co. Ltd. Class A | 382,000 | 353 |
| | Dian Diagnostics Group Co. Ltd. Class A | 92,200 | 352 |
| | Zhongji Innolight Co. Ltd. Class A | 87,198 | 350 |
| | China Meheco Co. Ltd. Class A | 202,720 | 350 |
| | China Galaxy Securities Co. Ltd. Class A | 282,300 | 350 |
| | | Shares | Market
Value•
($000) |
| * | GCL System Integration Technology Co. Ltd. Class A | 775,900 | 348 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class A | 727,900 | 348 |
| | Yunnan Tin Co. Ltd. Class A | 221,500 | 346 |
| | Huaxin Cement Co. Ltd. Class A | 187,800 | 345 |
| | Hangzhou Robam Appliances Co. Ltd. Class A | 122,700 | 345 |
| | Shanghai M&G Stationery Inc. Class A | 62,300 | 345 |
| | Oppein Home Group Inc. Class A | 30,762 | 344 |
| | Xiamen ITG Group Corp. Ltd. Class A | 403,400 | 344 |
| | China Great Wall Securities Co. Ltd. Class A | 309,000 | 343 |
| * | Datang International Power Generation Co. Ltd. Class A | 882,200 | 342 |
| | Financial Street Holdings Co. Ltd. Class A | 536,890 | 341 |
| | Shandong Shida Shenghua Chemical Group Co. Ltd. Class A | 25,600 | 341 |
| | CNOOC Energy Technology & Services Ltd. Class A | 868,100 | 339 |
| | DHC Software Co. Ltd. Class A | 399,300 | 338 |
| | BBMG Corp. Class A | 1,057,400 | 338 |
| | Anhui Zhongding Sealing Parts Co. Ltd. Class A | 167,600 | 337 |
| | Topsec Technologies Group Inc. Class A | 218,300 | 337 |
| * | Yuan Longping High-tech Agriculture Co. Ltd. Class A | 169,100 | 336 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 268,072 | 335 |
| | China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A | 424,400 | 335 |
| | Zhejiang Supor Co. Ltd. Class A | 60,776 | 334 |
| | Zhongshan Public Utilities Group Co. Ltd. Class A | 374,200 | 333 |
| | Beijing Originwater Technology Co. Ltd. Class A | 516,100 | 333 |
| | Zhuzhou Hongda Electronics Corp. Ltd. Class A | 54,700 | 333 |
| | Inner Mangolia ERDOS Resources Co. Ltd. | 189,330 | 331 |
| | Sealand Securities Co. Ltd. Class A | 740,740 | 330 |
| | Hunan Gold Corp. Ltd. Class A | 180,700 | 328 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 192,900 | 327 |
| | Wanxiang Qianchao Co. Ltd. Class A | 479,233 | 326 |
| | North Industries Group Red Arrow Co. Ltd. Class A | 115,200 | 325 |
| * | Sinopec Oilfield Service Corp. Class H | 5,410,803 | 324 |
| | China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 131,500 | 324 |
| | Zhejiang HangKe Technology Inc. Co. Class A | 47,174 | 324 |
| | Goke Microelectronics Co. Ltd. Class A | 31,300 | 324 |
| | Haisco Pharmaceutical Group Co. Ltd. Class A | 105,000 | 323 |
| | Shanxi Securities Co. Ltd. Class A | 455,390 | 322 |
| | Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A | 189,700 | 321 |
| | Oriental Energy Co. Ltd. Class A | 283,300 | 319 |
| * | Shenzhen MTC Co. Ltd. Class A | 671,146 | 318 |
| * | STO Express Co. Ltd. Class A | 207,099 | 318 |
| | CNPC Capital Co. Ltd. Class A | 516,091 | 318 |
| | Bank of Chengdu Co. Ltd. Class A | 169,900 | 317 |
| 3 | Red Star Macalline Group Corp. Ltd. Class H | 1,255,882 | 317 |
| | Glarun Technology Co. Ltd. Class A | 159,000 | 317 |
| | Huagong Tech Co. Ltd. Class A | 137,159 | 316 |
| | Ningbo Sanxing Medical Electric Co. Ltd. Class A | 166,100 | 314 |
| | Lianhe Chemical Technology Co. Ltd. Class A | 121,610 | 313 |
| | Livzon Pharmaceutical Group Inc. Class A | 64,500 | 312 |
| | Hefei Meiya Optoelectronic Technology Inc. Class A | 95,810 | 312 |
| | Beijing Sinnet Technology Co. Ltd. Class A | 261,100 | 310 |
| | Xinjiang Tianshan Cement Co. Ltd. Class A | 293,400 | 310 |
| | Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 417,500 | 308 |
| * | OFILM Group Co. Ltd. Class A | 479,400 | 308 |
| | Zhejiang Hailiang Co. Ltd. Class A | 193,600 | 308 |
| | G-bits Network Technology Xiamen Co. Ltd. Class A | 8,800 | 308 |
| | | Shares | Market
Value•
($000) |
| | Lao Feng Xiang Co. Ltd. Class A | 58,369 | 307 |
| | Shanghai Tunnel Engineering Co. Ltd. Class A | 427,444 | 305 |
| * | Zhihu Inc. ADR | 308,421 | 305 |
| | Yunda Holding Co. Ltd. Class A | 167,770 | 304 |
| | Bright Dairy & Food Co. Ltd. Class A | 234,200 | 304 |
| | Laobaixing Pharmacy Chain JSC Class A | 62,608 | 302 |
| | China South Publishing & Media Group Co. Ltd. Class A | 230,100 | 301 |
| | Shanghai Construction Group Co. Ltd. Class A | 851,600 | 300 |
| | Harbin Boshi Automation Co. Ltd. Class A | 142,800 | 299 |
| * | Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 510,640 | 299 |
| | Yunnan Copper Co. Ltd. Class A | 197,000 | 298 |
| | Angang Steel Co. Ltd. Class A | 884,100 | 298 |
| | Shandong Pharmaceutical Glass Co. Ltd. Class A | 78,800 | 298 |
| | CGN Power Co. Ltd. Class A | 818,000 | 296 |
| | Addsino Co. Ltd. Class A | 205,500 | 295 |
| | Hubei Biocause Pharmaceutical Co. Ltd. Class A | 745,732 | 294 |
| | Wolong Electric Group Co. Ltd. Class A | 172,500 | 294 |
| | Zheshang Securities Co. Ltd. Class A | 209,900 | 293 |
| | Zhejiang Dingli Machinery Co. Ltd. Class A | 47,554 | 293 |
| | Anhui Anke Biotechnology Group Co. Ltd. Class A | 214,728 | 292 |
| | Kunlun Tech Co. Ltd. Class A | 162,600 | 291 |
| | Boya Bio-pharmaceutical Group Co. Ltd. Class A | 70,706 | 291 |
| | Guizhou Panjiang Refined Coal Co. Ltd. Class A | 316,700 | 291 |
| | Zhejiang Weiming Environment Protection Co. Ltd. Class A | 112,083 | 290 |
| | Joinn Laboratories China Co. Ltd. Class A | 37,020 | 290 |
| | Zhejiang Crystal-Optech Co. Ltd. Class A | 174,796 | 289 |
| | Shenzhen Sunway Communication Co. Ltd. Class A | 125,300 | 288 |
| | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 128,727 | 287 |
| | | Shares | Market
Value•
($000) |
| * | Beijing Jetsen Technology Co. Ltd. Class A | 473,700 | 286 |
| | China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 275,373 | 286 |
| | Jiangsu Linyang Energy Co. Ltd. Class A | 282,500 | 286 |
| | Qingdao TGOOD Electric Co. Ltd. Class A | 137,700 | 283 |
| | FAW Jiefang Group Co. Ltd. Class A | 296,300 | 283 |
| | Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 148,600 | 282 |
| | Northeast Securities Co. Ltd. Class A | 324,100 | 282 |
| | Zhongtai Securities Co. Ltd. Class A | 321,300 | 281 |
| | Bluefocus Intelligent Communications Group Co. Ltd. Class A | 433,900 | 280 |
| * | Bank of Zhengzhou Co. Ltd. Class A | 889,401 | 278 |
| | Shanghai Rural Commercial Bank Co. Ltd. | 382,189 | 278 |
| | TangShan Port Group Co. Ltd. Class A | 801,200 | 276 |
| | Guangzhou Wondfo Biotech Co. Ltd. Class A | 66,460 | 275 |
| | Yixintang Pharmaceutical Group Co. Ltd. Class A | 71,700 | 273 |
| | Huaxi Securities Co. Ltd. Class A | 270,300 | 273 |
| | Taiji Computer Corp. Ltd. Class A | 73,298 | 272 |
| | Anhui Yingjia Distillery Co. Ltd. Class A | 42,100 | 272 |
| | Eternal Asia Supply Chain Management Ltd. Class A | 378,500 | 271 |
| | Shandong Humon Smelting Co. Ltd. Class A | 212,176 | 270 |
| | Bank of Qingdao Co. Ltd. Class A | 636,280 | 269 |
| | Shanghai Flyco Electrical Appliance Co. Ltd. Class A | 24,566 | 268 |
| | LianChuang Electronic Technology Co. Ltd. Class A | 145,110 | 268 |
| | Fiberhome Telecommunication Technologies Co. Ltd. Class A | 141,597 | 268 |
| | Zhuzhou Kibing Group Co. Ltd. Class A | 248,300 | 268 |
| | Beijing Shunxin Agriculture Co. Ltd. Class A | 94,995 | 267 |
| | Newland Digital Technology Co. Ltd. Class A | 140,399 | 265 |
| * | Sinopec Oilfield Service Corp. Class A | 1,051,000 | 265 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Chinalin Securities Co. Ltd. Class A | 141,500 | 265 |
| | China CITIC Bank Corp. Ltd. Class A | 441,035 | 262 |
| * | Yifan Pharmaceutical Co. Ltd. Class A | 174,100 | 261 |
| * | Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 282,600 | 261 |
| | Xinjiang Zhongtai Chemical Co. Ltd. Class A | 322,500 | 260 |
| | Xinxing Ductile Iron Pipes Co. Ltd. Class A | 546,300 | 260 |
| | China Merchants Property Operation & Service Co. Ltd. Class A | 141,100 | 260 |
| *,1,3 | Shimao Services Holdings Ltd. | 1,611,000 | 259 |
| | Chinese Universe Publishing and Media Group Co. Ltd. Class A | 220,300 | 258 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class A | 69,100 | 257 |
| | Shandong Hi-speed Co. Ltd. Class A | 338,700 | 255 |
| | Leyard Optoelectronic Co. Ltd. Class A | 328,500 | 254 |
| * | Shenzhen Everwin Precision Technology Co. Ltd. Class A | 156,497 | 253 |
| | Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A | 31,883 | 253 |
| | Perfect World Co. Ltd. Class A | 161,300 | 252 |
| | East Group Co. Ltd. Class A | 263,800 | 251 |
| * | Guosheng Financial Holding Inc. Class A | 244,600 | 251 |
| | Shanghai Environment Group Co. Ltd. Class A | 207,870 | 250 |
| | Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A | 114,200 | 250 |
| | Shandong Linglong Tyre Co. Ltd. Class A | 110,700 | 249 |
| | Shanghai Huayi Group Co. Ltd. Class B | 421,647 | 248 |
| | Hubei Jumpcan Pharmaceutical Co. Ltd. Class A | 55,400 | 248 |
| | Beijing E-Hualu Information Technology Co. Ltd. Class A | 109,600 | 247 |
| | Sinotrans Ltd. Class A | 502,200 | 245 |
| | Shenzhen Airport Co. Ltd. Class A | 282,616 | 245 |
| * | Siasun Robot & Automation Co. Ltd. Class A | 200,120 | 245 |
| | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 27,397 | 244 |
| | | Shares | Market
Value•
($000) |
| | Intco Medical Technology Co. Ltd. Class A | 83,610 | 244 |
| | CNGR Advanced Material Co. Ltd. Class A | 24,454 | 243 |
| 1,3 | China East Education Holdings Ltd. | 765,303 | 241 |
| * | Montnets Cloud Technology Group Co. Ltd. Class A | 155,700 | 241 |
| | Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 452,300 | 239 |
| | CMST Development Co. Ltd. Class A | 379,200 | 239 |
| | Guangdong Golden Dragon Development Inc. Class A | 136,800 | 238 |
| | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A | 44,200 | 238 |
| | Beijing Capital Development Co. Ltd. Class A | 340,513 | 238 |
| | Xinyangfeng Agricultural Technology Co. Ltd. Class A | 156,400 | 237 |
| 3 | Sunac Services Holdings Ltd. | 1,306,666 | 230 |
| | Chongqing Water Group Co. Ltd. Class A | 330,700 | 230 |
| | Fujian Funeng Co. Ltd. Class A | 155,800 | 229 |
| * | Hytera Communications Corp. Ltd. Class A | 316,800 | 229 |
| * | Tibet Summit Resources Co. Ltd. Class A | 79,600 | 228 |
| | Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A | 296,885 | 227 |
| * | Kwg Group Holdings Ltd. | 2,332,832 | 226 |
| | Juewei Food Co. Ltd. Class A | 34,894 | 226 |
| | Shennan Circuits Co. Ltd. Class A | 21,938 | 226 |
| | Shanghai AJ Group Co. Ltd. Class A | 315,233 | 225 |
| | Guizhou Xinbang Pharmaceutical Co. Ltd. Class A | 315,000 | 223 |
| | Nanjing Hanrui Cobalt Co. Ltd. Class A | 40,600 | 223 |
| | Wangsu Science & Technology Co. Ltd. Class A | 300,300 | 222 |
| | Valiant Co. Ltd. Class A | 115,600 | 220 |
| | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A | 112,000 | 218 |
| * | Juneyao Airlines Co. Ltd. Class A | 114,366 | 215 |
| | Shanghai Dazhong Public Utilities Group Co. Ltd. Class A | 545,300 | 215 |
| | Rockchip Electronics Co. Ltd. Class A | 24,000 | 215 |
| | | Shares | Market
Value•
($000) |
| | Guangxi Liugong Machinery Co. Ltd. Class A | 267,700 | 214 |
| | Caida Securities Co. Ltd. | 215,500 | 214 |
| * | Lakala Payment Co. Ltd. Class A | 106,100 | 213 |
| | Shanghai Shibei Hi-Tech Co. Ltd. Class B | 842,160 | 211 |
| * | Greattown Holdings Ltd. Class A | 487,700 | 210 |
| | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A | 127,991 | 210 |
| | Autohome Inc. Class A | 31,424 | 210 |
| | Yantai Eddie Precision Machinery Co. Ltd. Class A | 107,240 | 209 |
| | Luenmei Quantum Co. Ltd. Class A | 244,900 | 209 |
| * | Tuya Inc. ADR | 233,878 | 209 |
| | DaShenLin Pharmaceutical Group Co. Ltd. Class A | 41,644 | 208 |
| | Inmyshow Digital Technology Group Co. Ltd. Class A | 252,000 | 208 |
| | Zhejiang Medicine Co. Ltd. Class A | 131,900 | 207 |
| | Huali Industrial Group Co. Ltd. Class A | 37,300 | 207 |
| | Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A | 225,000 | 206 |
| | Tangshan Sanyou Chemical Industries Co. Ltd. Class A | 263,100 | 206 |
| | Shanying International Holding Co. Ltd. Class A | 647,200 | 206 |
| * | Leo Group Co. Ltd. Class A | 873,400 | 205 |
| | Guangzhou Zhujiang Brewery Co. Ltd. Class A | 229,800 | 204 |
| | C&S Paper Co. Ltd. Class A | 158,800 | 204 |
| | People.cn Co. Ltd. Class A | 155,681 | 204 |
| * | Guangdong Electric Power Development Co. Ltd. Class A | 341,100 | 204 |
| | Shanghai Bailian Group Co. Ltd. Class B | 308,716 | 203 |
| 3 | Qingdao Port International Co. Ltd. Class H | 476,433 | 200 |
| | NSFOCUS Technologies Group Co. Ltd. Class A | 128,395 | 199 |
| | North Huajin Chemical Industries Co. Ltd. Class A | 215,896 | 199 |
| | Shanghai Baosight Software Co. Ltd. | 34,100 | 199 |
| | All Winner Technology Co. Ltd. Class A | 73,720 | 198 |
| * | Grandjoy Holdings Group Co. Ltd. Class A | 456,788 | 197 |
| | Keboda Technology Co. Ltd. Class A | 24,000 | 197 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 314,900 | 197 |
| | Weifu High-Technology Group Co. Ltd. Class A | 82,500 | 195 |
| | ORG Technology Co. Ltd. Class A | 296,500 | 193 |
| | NanJi E-Commerce Co. Ltd. Class A | 314,099 | 192 |
| | Joyoung Co. Ltd. Class A | 95,700 | 191 |
| | Winner Medical Co. Ltd. Class A | 21,100 | 191 |
| * | Beijing Orient National Communication Science & Technology Co. Ltd. Class A | 157,100 | 188 |
| | Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A | 305,880 | 187 |
| | Tianshan Aluminum Group Co. Ltd. Class A | 218,800 | 187 |
| * | An Hui Wenergy Co. Ltd. Class A | 291,400 | 186 |
| | Huapont Life Sciences Co. Ltd. Class A | 257,600 | 186 |
| * | Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 307,900 | 186 |
| * | Shenzhen Neptunus Bioengineering Co. Ltd. Class A | 410,300 | 185 |
| | Shenzhen Huaqiang Industry Co. Ltd. Class A | 124,300 | 185 |
| | BOC International China Co. Ltd. Class A | 127,700 | 185 |
| * | Zhejiang Wanliyang Co. Ltd. Class A | 177,600 | 183 |
| * | Jiangxi Zhengbang Technology Co. Ltd. Class A | 381,181 | 183 |
| * | Trip.com Group Ltd. | 8,152 | 183 |
| | Zhejiang Runtu Co. Ltd. Class A | 181,405 | 182 |
| | Anhui Kouzi Distillery Co. Ltd. Class A | 32,600 | 181 |
| | Skyworth Digital Co. Ltd. Class A | 88,700 | 181 |
| | Sansteel Minguang Co. Ltd. Fujian Class A | 312,100 | 180 |
| | Shaanxi International Trust Co. Ltd. Class A | 446,000 | 176 |
| | Shenzhen Jinjia Group Co. Ltd. Class A | 178,500 | 176 |
| | JL Mag Rare-Earth Co. Ltd. Class A | 41,200 | 175 |
| | Dongguan Development Holdings Co. Ltd. Class A | 145,600 | 175 |
| | Suning Universal Co. Ltd. Class A | 420,023 | 174 |
| * | Deppon Logistics Co. Ltd. Class A | 73,700 | 174 |
| | Bank of Suzhou Co. Ltd. Class A | 184,760 | 174 |
| | | Shares | Market
Value•
($000) |
| | China World Trade Center Co. Ltd. Class A | 93,200 | 174 |
| | Camel Group Co. Ltd. Class A | 148,270 | 174 |
| * | China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. Class A | 275,400 | 169 |
| * | China TransInfo Technology Co. Ltd. Class A | 137,600 | 169 |
| * | Jinke Properties Group Co. Ltd. Class A | 684,000 | 167 |
| * | Offcn Education Technology Co. Ltd. Class A | 277,400 | 166 |
| | KingClean Electric Co. Ltd. Class A | 35,714 | 161 |
| * | Jiajiayue Group Co. Ltd. Class A | 121,900 | 161 |
| 3 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class H | 257,236 | 161 |
| | Xiangcai Co. Ltd. Class A | 182,700 | 161 |
| | Beijing Sanju Environmental Protection and New Material Co. Ltd. Class A | 292,200 | 160 |
| | Suofeiya Home Collection Co. Ltd. Class A | 83,100 | 159 |
| * | Wonders Information Co. Ltd. | 133,000 | 159 |
| * | Jinneng Holding Shanxi Electric Power Co. Ltd. Class A | 342,000 | 159 |
| | ADAMA Ltd. Class A | 134,900 | 158 |
| | Shenzhen Agricultural Products Group Co. Ltd. Class A | 223,300 | 157 |
| | Easyhome New Retail Group Co. Ltd.Class A | 323,400 | 157 |
| | Central China Securities Co. Ltd. Class A | 316,700 | 156 |
| | Chengdu XGimi Technology Co. Ltd. Class A | 6,844 | 156 |
| | Jiangsu Expressway Co. Ltd. Class A | 152,175 | 155 |
| | Beijing SL Pharmaceutical Co. Ltd. Class A | 136,000 | 155 |
| | Bluestar Adisseo Co. Class A | 133,700 | 155 |
| | Beijing Ultrapower Software Co. Ltd. Class A | 254,000 | 152 |
| | Zhongshan Broad Ocean Motor Co. Ltd. Class A | 203,400 | 151 |
| * | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A | 174,300 | 150 |
| * | Ourpalm Co. Ltd. Class A | 375,000 | 150 |
| | Maccura Biotechnology Co. Ltd. Class A | 55,900 | 149 |
| | | Shares | Market
Value•
($000) |
| | Shandong Buchang Pharmaceuticals Co. Ltd. Class A | 55,700 | 147 |
| * | Holitech Technology Co. Ltd. Class A | 399,600 | 145 |
| * | RiseSun Real Estate Development Co. Ltd. Class A | 527,066 | 145 |
| * | Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 511,300 | 143 |
| | China International Marine Containers Group Co. Ltd. Class A | 155,340 | 142 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class A | 338,000 | 142 |
| | Shenzhen Expressway Corp. Ltd. Class A | 126,300 | 142 |
| | BGI Genomics Co. Ltd. Class A | 18,391 | 140 |
| * | Jiangsu Guoxin Corp. Ltd. Class A | 176,345 | 139 |
| | Zhejiang Huace Film & Television Co. Ltd. Class A | 240,100 | 138 |
| | Suzhou Anjie Technology Co. Ltd. Class A | 77,100 | 137 |
| | Chongqing Department Store Co. Ltd. Class A | 50,200 | 137 |
| | Betta Pharmaceuticals Co. Ltd. Class A | 21,800 | 136 |
| | Hangzhou Shunwang Technology Co. Ltd. Class A | 97,400 | 134 |
| * | Guangshen Railway Co. Ltd. Class A | 505,300 | 133 |
| | Luolai Lifestyle Technology Co. Ltd. Class A | 100,800 | 130 |
| * | Shenzhen Infogem Technologies Co. Ltd. Class A | 96,688 | 129 |
| | Guangdong South New Media Co. Ltd. Class A | 29,300 | 128 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 81,200 | 128 |
| * | Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A | 139,100 | 127 |
| | Shanghai 2345 Network Holding Group Co. Ltd. Class A | 446,370 | 127 |
| | Gan & Lee Pharmaceuticals Co. Ltd. Class A | 25,500 | 124 |
| * | Yango Group Co. Ltd. Class A | 522,797 | 121 |
| | Sinosoft Co. Ltd. Class A | 28,393 | 121 |
| | Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 49,600 | 120 |
| | Liuzhou Iron & Steel Co. Ltd. Class A | 255,900 | 119 |
| | Shandong Publishing & Media Co. Ltd. Class A | 145,100 | 118 |
| * | Shanghai Shimao Co. Ltd. Class A | 394,194 | 118 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| * | Youzu Interactive Co. Ltd. Class A | 108,800 | 116 |
| | Digital China Information Service Co. Ltd. Class A | 72,800 | 116 |
| | Shenzhen Aisidi Co. Ltd. Class A | 83,700 | 115 |
| * | Blue Sail Medical Co. Ltd. Class A | 99,100 | 112 |
| | Qingdao Rural Commercial Bank Corp. Class A | 289,500 | 110 |
| | Shenzhen Kinwong Electronic Co. Ltd. Class A | 39,340 | 110 |
| | Double Medical Technology Inc. Class A | 19,400 | 108 |
| | Qinhuangdao Port Co. Ltd. Class A | 294,000 | 106 |
| | Visual China Group Co. Ltd. Class A | 75,600 | 105 |
| | Opple Lighting Co. Ltd. Class A | 47,874 | 103 |
| | Autel Intelligent Technology Corp. Ltd. Class A | 18,295 | 100 |
| | Toly Bread Co. Ltd. Class A | 63,879 | 99 |
| * | Jointo Energy Investment Co. Ltd. Hebei Class A | 140,800 | 99 |
| * | Alpha Group Class A | 166,500 | 99 |
| | Transfar Zhilian Co. Ltd. Class A | 144,000 | 98 |
| | Sichuan Teway Food Group Co. Ltd. Class A | 24,960 | 96 |
| | Qingdao Hanhe Cable Co. Ltd. Class A | 139,900 | 95 |
| | China Merchants Port Group Co. Ltd. Class A | 48,600 | 93 |
| | Huabao Flavours & Fragrances Co. Ltd. Class A | 29,400 | 92 |
| | Xinfengming Group Co. Ltd. Class A | 81,300 | 91 |
| | Maanshan Iron & Steel Co. Ltd. Class H | 552,000 | 89 |
| | Anker Innovations Technology Co. Ltd. Class A | 12,000 | 89 |
| | Jiangling Motors Corp. Ltd. Class B | 105,836 | 88 |
| | Zhejiang Semir Garment Co. Ltd. Class A | 138,900 | 85 |
| * | Oceanwide Holdings Co. Ltd. Class A | 516,700 | 80 |
| * | Shenzhen New Nanshan Holding Group Co. Ltd. Class A | 188,500 | 78 |
| | Tibet Cheezheng Tibetan Medicine Co. Ltd. Class A | 22,700 | 74 |
| | Jiangling Motors Corp. Ltd. Class A | 37,254 | 72 |
| | Sansure Biotech Inc. Class A | 20,483 | 72 |
| | Anhui Expressway Co. Ltd. Class A | 76,200 | 70 |
| | Xiamen Intretech Inc. Class A | 26,180 | 62 |
| | | Shares | Market
Value•
($000) |
| | Red Star Macalline Group Corp. Ltd. Class A | 107,580 | 62 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 37,660 | 52 |
| | China West Construction Group Co. Ltd. Class A | 50,600 | 46 |
| | Three Squirrels Inc. Class A | 18,000 | 42 |
| *,2 | Sunac China Holdings Ltd. | 6,343,141 | 40 |
| * | Shandong Chenming Paper Holdings Ltd. Class A | 61,800 | 40 |
| | Contec Medical Systems Co. Ltd. Class A | 11,700 | 39 |
| | CSG Holding Co. Ltd. Class A | 30,500 | 29 |
| | Bengang Steel Plates Co. Ltd. Class A | 60,500 | 23 |
| *,2 | Tianhe Chemicals Group Ltd. | 3,538,329 | — |
| | Huazhu Group Ltd. | 20 | — |
| | | | 3,166,113 |
| Colombia (0.1%) |
| | Bancolombia SA ADR | 245,847 | 6,237 |
| | Bancolombia SA | 510,692 | 3,671 |
| | Interconexion Electrica SA ESP | 881,688 | 3,440 |
| | Ecopetrol SA | 5,845,448 | 2,900 |
| | Ecopetrol SA ADR | 190,678 | 1,880 |
| | Grupo de Inversiones Suramericana SA | 213,891 | 1,724 |
| | Grupo Aval Acciones y Valores SA Preference Shares | 8,114,368 | 887 |
| | Cementos Argos SA | 957,931 | 646 |
| *,2 | Bac Holding International Co. | 10,737,978 | 427 |
| | Grupo De Inversiones Suramericana SA Preference Shares | 120,088 | 332 |
| | Bancolombia SA Preference Shares | 11,063 | 70 |
| | Grupo Aval Acciones y Valores SA ADR | 21,896 | 49 |
| | Cementos Argos SA Preference Shares | 105,809 | 48 |
| | | | 22,311 |
| Cyprus (0.0%) |
| * | Galaxy Cosmos Mezz plc | 157,145 | 25 |
| * | Sunrisemezz plc | 159,183 | 13 |
| | | | 38 |
| Czech Republic (0.0%) |
| | CEZ A/S | 322,963 | 10,555 |
| | Komercni banka A/S | 149,937 | 4,294 |
| 3 | Moneta Money Bank A/S | 670,223 | 1,955 |
| | Philip Morris CR A/S | 812 | 543 |
| | Colt CZ Group SE | 13,414 | 298 |
| | | | 17,645 |
| Denmark (1.6%) |
| | Novo Nordisk A/S Class B | 3,183,696 | 346,167 |
| | DSV A/S | 381,190 | 51,510 |
| * | Genmab A/S | 133,493 | 51,423 |
| | Vestas Wind Systems A/S | 2,048,037 | 40,374 |
| 3 | Orsted A/S | 383,847 | 31,670 |
| | | Shares | Market
Value•
($000) |
| | Coloplast A/S Class B | 270,714 | 30,177 |
| | Carlsberg A/S Class B | 189,057 | 22,261 |
| | AP Moller - Maersk A/S Class B | 10,469 | 21,872 |
| | Danske Bank A/S | 1,340,232 | 21,619 |
| | Novozymes A/S Class B | 405,062 | 21,262 |
| | Tryg A/S | 726,521 | 15,714 |
| | AP Moller - Maersk A/S Class A | 5,997 | 11,998 |
| | Chr Hansen Holding A/S | 208,394 | 11,574 |
| | Pandora A/S | 179,771 | 9,457 |
| | Royal Unibrew A/S | 100,064 | 5,716 |
| | GN Store Nord A/S | 255,740 | 5,435 |
| * | Demant A/S | 195,186 | 5,330 |
| | SimCorp A/S | 79,825 | 4,766 |
| | ROCKWOOL International A/S Class B | 12,380 | 2,465 |
| | H Lundbeck A/S | 466,116 | 1,744 |
| * | H Lundbeck A/S Class A | 124,308 | 422 |
| | | | 712,956 |
| Egypt (0.0%) |
| | Commercial International Bank Egypt SAE | 4,448,198 | 5,962 |
| | Egypt Kuwait Holding Co. SAE | 1,061,559 | 1,166 |
| | Eastern Co. SAE | 1,948,852 | 960 |
| | Egypt Kuwait Holding Co. SAE (XCAI) | 554,619 | 642 |
| | Telecom Egypt Co. | 732,337 | 555 |
| | | | 9,285 |
| Finland (0.9%) |
| | Nokia OYJ | 11,485,696 | 51,042 |
| | Nordea Bank Abp | 5,225,418 | 49,916 |
| | Sampo OYJ Class A | 995,628 | 45,528 |
| | Neste OYJ | 846,672 | 37,108 |
| | UPM-Kymmene OYJ | 1,085,457 | 36,490 |
| | Kone OYJ Class B | 798,693 | 32,703 |
| | Nordea Bank Abp (XHEL) | 2,079,980 | 19,878 |
| | Stora Enso OYJ Class R | 1,166,861 | 15,215 |
| | Elisa OYJ | 291,310 | 14,078 |
| | Fortum OYJ | 874,691 | 12,311 |
| | Kesko OYJ Class B | 549,691 | 10,697 |
| | Orion OYJ Class B | 210,539 | 9,689 |
| | Metso Outotec OYJ | 1,238,802 | 9,401 |
| | Valmet OYJ | 333,871 | 7,593 |
| | Wartsila OYJ Abp | 994,231 | 6,778 |
| | Huhtamaki OYJ | 185,813 | 6,678 |
| | Kojamo OYJ | 396,512 | 5,160 |
| | | | 370,265 |
| France (6.8%) |
| | LVMH Moet Hennessy Louis Vuitton SE | 506,986 | 319,906 |
| | TotalEnergies SE | 4,814,949 | 262,672 |
| | Sanofi | 2,216,843 | 190,777 |
| | Schneider Electric SE | 1,081,367 | 136,746 |
| | Airbus SE | 1,134,955 | 122,806 |
| | BNP Paribas SA | 2,176,838 | 102,080 |
| | EssilorLuxottica SA | 605,765 | 95,789 |
| | AXA SA | 3,762,796 | 92,922 |
| | Vinci SA | 1,009,618 | 92,922 |
| | L'Oreal SA Loyalty Shares | 290,348 | 91,171 |
| | Hermes International | 63,007 | 81,555 |
| | Air Liquide SA Loyalty Shares | 622,273 | 81,402 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Safran SA | 708,504 | 78,906 |
| | Pernod Ricard SA | 416,612 | 73,120 |
| | Kering SA | 148,393 | 67,958 |
| | Danone SA | 1,238,694 | 61,563 |
| | Capgemini SE | 325,450 | 53,338 |
| | L'Oreal SA (XPAR) | 153,004 | 48,044 |
| | Air Liquide SA (XPAR) | 357,829 | 46,809 |
| | Dassault Systemes SE | 1,359,235 | 45,560 |
| | Legrand SA | 544,106 | 41,463 |
| | STMicroelectronics NV | 1,290,941 | 40,140 |
| | Cie de Saint-Gobain | 935,180 | 38,231 |
| | Orange SA | 3,891,981 | 37,082 |
| | Cie Generale des Etablissements Michelin SCA | 1,425,159 | 36,319 |
| | Societe Generale SA | 1,542,242 | 35,375 |
| | Teleperformance | 118,224 | 31,676 |
| | Veolia Environnement SA | 1,268,363 | 28,305 |
| | Thales SA | 205,216 | 26,099 |
| | Edenred | 505,723 | 25,927 |
| | Publicis Groupe SA | 460,366 | 25,783 |
| | Engie SA Loyalty Shares | 1,983,397 | 25,771 |
| | Credit Agricole SA | 2,462,442 | 22,343 |
| *,3 | Worldline SA | 496,956 | 21,690 |
| | Carrefour SA | 1,202,549 | 19,356 |
| | L'Oreal SA | 57,973 | 18,204 |
| | Eurofins Scientific SE | 249,132 | 15,948 |
| | Sartorius Stedim Biotech | 48,936 | 15,529 |
| | Engie SA (XPAR) | 1,175,640 | 15,276 |
| | Getlink SE | 928,510 | 14,693 |
| | Bureau Veritas SA | 578,911 | 14,322 |
| | Eiffage SA | 150,273 | 13,588 |
| | Alstom SA | 615,372 | 12,665 |
| | Bouygues SA | 428,955 | 12,239 |
| * | Renault SA | 391,947 | 12,068 |
| | Vivendi SE | 1,419,851 | 11,621 |
| 3 | Euronext NV | 164,716 | 10,454 |
| | Arkema SA | 131,924 | 10,440 |
| | Bollore SE | 1,996,261 | 9,984 |
| | Gecina SA | 105,311 | 9,389 |
| * | Accor SA | 372,886 | 8,935 |
| | EDF Loyalty Shares 2024 | 739,809 | 8,737 |
| | Rexel SA | 487,510 | 8,700 |
| | Valeo | 491,067 | 8,089 |
| | Remy Cointreau SA | 51,075 | 7,811 |
| * | Aeroports de Paris | 57,755 | 7,810 |
| | BioMerieux | 87,999 | 7,786 |
| | Klepierre SA | 382,311 | 7,684 |
| | Ipsen SA | 70,108 | 7,205 |
| | Dassault Aviation SA | 47,568 | 7,065 |
| * | SOITEC | 50,681 | 6,489 |
| | Electricite de France SA (XPAR) | 537,889 | 6,352 |
| | Sodexo SA ACT Loyalty Shares | 71,094 | 6,298 |
| 3 | La Francaise des Jeux SAEM | 173,701 | 5,661 |
| | Covivio | 104,645 | 5,603 |
| 3 | Amundi SA | 115,416 | 5,445 |
| * | Ubisoft Entertainment SA | 190,707 | 5,232 |
| | Sodexo SA (XPAR) | 56,724 | 5,025 |
| | Air Liquide SA | 36,120 | 4,725 |
| | SCOR SE | 305,647 | 4,596 |
| | Wendel SE | 57,422 | 4,496 |
| * | Faurecia SE (XPAR) | 288,501 | 4,307 |
| | | Shares | Market
Value•
($000) |
| | Sodexo SA Loyalty Shares 2025 | 38,129 | 3,378 |
| | Eurazeo SA | 54,926 | 3,134 |
| 3 | Neoen SA (XPAR) | 88,431 | 3,085 |
| | Air Liquide | 23,500 | 3,074 |
| | ICADE | 64,565 | 2,402 |
| | SEB SA Loyalty Shares | 36,167 | 2,355 |
| | Eurazeo SE | 40,347 | 2,302 |
| * | JCDecaux SA | 143,042 | 1,806 |
| * | Euroapi SA | 97,179 | 1,701 |
| 3 | ALD SA | 157,710 | 1,683 |
| | Somfy SA | 15,168 | 1,616 |
| | Engie SA | 122,657 | 1,594 |
| | SEB SA (XPAR) | 20,219 | 1,316 |
| | Engie SA Prime Fidelite 2023 | 95,379 | 1,239 |
| | Cie de L'Odet SE | 746 | 891 |
| * | Sodexo SA Loyalty Shares 2026 | 6,296 | 558 |
| * | Faurecia SE | 35,299 | 526 |
| | Sodexo SA | 5,047 | 447 |
| | Seb SA | 2,241 | 146 |
| | Eurazeo SE (XPAR) | 1,811 | 103 |
| | SEB SA Loyalty Shares 2023 | 1,260 | 82 |
| | | | 2,975,515 |
| Germany (4.9%) |
| | SAP SE | 2,256,616 | 217,206 |
| | Siemens AG (Registered) | 1,536,448 | 167,794 |
| | Allianz SE (Registered) | 828,507 | 149,052 |
| | Deutsche Telekom AG (Registered) | 6,886,877 | 129,993 |
| | Bayer AG (Registered) | 2,002,511 | 105,294 |
| | Mercedes-Benz Group AG | 1,711,266 | 99,051 |
| | BASF SE | 1,863,954 | 83,637 |
| | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 285,391 | 75,336 |
| | Deutsche Post AG (Registered) | 1,969,275 | 69,614 |
| | Infineon Technologies AG | 2,656,947 | 64,472 |
| | Deutsche Boerse AG | 373,986 | 60,818 |
| | Volkswagen AG Preference Shares | 403,475 | 51,645 |
| | Bayerische Motoren Werke AG | 646,718 | 50,762 |
| | RWE AG | 1,283,690 | 49,416 |
| | Merck KGaA | 263,470 | 42,936 |
| | Deutsche Bank AG (Registered) | 4,126,061 | 39,329 |
| | E.ON SE | 4,512,601 | 37,788 |
| | Vonovia SE | 1,622,817 | 35,881 |
| | adidas AG | 342,314 | 33,415 |
| | Symrise AG Class A | �� 265,684 | 27,119 |
| 3 | Siemens Healthineers AG | 563,885 | 25,833 |
| * | Daimler Truck Holding AG | 855,614 | 22,821 |
| | Henkel AG & Co. KGaA Preference Shares | 352,891 | 22,232 |
| | Hannover Rueck SE | 122,279 | 19,898 |
| | Beiersdorf AG | 202,836 | 19,471 |
| | MTU Aero Engines AG | 108,474 | 19,412 |
| * | QIAGEN NV | 448,429 | 19,365 |
| | Brenntag SE | 315,517 | 19,144 |
| | | Shares | Market
Value•
($000) |
| | Fresenius SE & Co. KGaA | 829,290 | 19,085 |
| | Sartorius AG Preference Shares | 49,381 | 17,411 |
| * | Commerzbank AG | 2,121,548 | 16,951 |
| | Rheinmetall AG | 88,689 | 14,417 |
| | HeidelbergCement AG | 293,828 | 13,512 |
| *,3 | Delivery Hero SE | 388,401 | 12,782 |
| 3 | Covestro AG | 361,062 | 12,257 |
| | GEA Group AG | 331,407 | 11,584 |
| | Fresenius Medical Care AG & Co. KGaA | 414,743 | 11,472 |
| | Continental AG | 220,433 | 11,417 |
| | Henkel AG & Co. KGaA | 194,146 | 11,397 |
| | Volkswagen AG | 63,773 | 10,901 |
| *,3 | Zalando SE | 447,358 | 10,311 |
| 1 | Siemens Energy AG | 874,741 | 10,197 |
| | LEG Immobilien SE (XETR) | 150,994 | 9,858 |
| | Bayerische Motoren Werke AG Preference Shares | 127,874 | 9,430 |
| | Puma SE | 203,390 | 8,992 |
| | Carl Zeiss Meditec AG (Bearer) | 74,246 | 8,987 |
| * | Deutsche Lufthansa AG (Registered) | 1,240,439 | 8,481 |
| 3 | Scout24 SE | 159,004 | 8,148 |
| | Evonik Industries AG | 388,787 | 7,162 |
| * | HelloFresh SE | 333,499 | 6,666 |
| * | Evotec SE | 319,770 | 6,099 |
| | Knorr-Bremse AG | 134,425 | 6,052 |
| | LANXESS AG | 177,947 | 6,018 |
| | Bechtle AG | 166,419 | 5,749 |
| * | CTS Eventim AG & Co. KGaA | 118,717 | 5,667 |
| | Rational AG | 9,630 | 5,428 |
| | Nemetschek SE | 111,261 | 5,305 |
| | Vantage Towers AG | 188,402 | 5,299 |
| * | thyssenkrupp AG | 1,001,489 | 5,272 |
| | Aroundtown SA | 2,183,019 | 4,327 |
| | United Internet AG (Registered) | 227,369 | 4,250 |
| | FUCHS PETROLUB SE Preference Shares | 143,341 | 4,105 |
| | Talanx AG | 107,097 | 4,022 |
| | Telefonica Deutschland Holding AG | 1,778,892 | 3,876 |
| | Hella GmbH & Co. KGaA | 46,673 | 3,644 |
| | Sixt SE | 38,360 | 3,598 |
| | Wacker Chemie AG | 30,837 | 3,590 |
| | KION Group AG | 156,965 | 3,480 |
| * | Fraport AG Frankfurt Airport Services Worldwide | 71,445 | 2,753 |
| | RTL Group SA | 75,999 | 2,580 |
| | HOCHTIEF AG | 42,772 | 2,272 |
| * | METRO AG | 270,493 | 2,063 |
| | Deutsche Wohnen SE | 97,797 | 1,973 |
| 3 | DWS Group GmbH & Co. KGaA | 67,123 | 1,815 |
| | FUCHS PETROLUB SE | 68,592 | 1,654 |
| | Sartorius AG | 5,583 | 1,646 |
| | Fielmann AG | 47,968 | 1,528 |
| * | SUSE SA | 77,136 | 1,363 |
| | Traton SE | 100,672 | 1,255 |
| | 1&1 AG | 88,732 | 1,169 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Sixt SE Preference Shares | 15,557 | 906 |
| 1 | Varta AG | 27,624 | 740 |
| 1 | Uniper SE | 170,667 | 511 |
| | | | 2,120,161 |
| Greece (0.1%) |
| | Hellenic Telecommunications Organization SA | 452,449 | 7,105 |
| * | Eurobank Ergasias Services and Holdings SA | 5,152,566 | 5,087 |
| | OPAP SA | 369,092 | 4,523 |
| * | Alpha Services and Holdings SA | 4,351,036 | 4,029 |
| * | National Bank of Greece SA | 1,110,359 | 4,023 |
| | Mytilineos SA | 206,806 | 3,468 |
| | JUMBO SA | 232,031 | 3,296 |
| * | Public Power Corp. SA | 432,741 | 2,732 |
| | Terna Energy SA | 108,095 | 2,009 |
| | Motor Oil Hellas Corinth Refineries SA | 114,884 | 1,974 |
| * | Piraeus Financial Holdings SA | 1,194,832 | 1,473 |
| | GEK Terna Holding Real Estate Construction SA | 101,982 | 971 |
| | Hellenic Petroleum SA | 123,008 | 841 |
| * | LAMDA Development SA | 132,967 | 806 |
| | Athens Water Supply & Sewage Co. SA | 71,927 | 512 |
| | Viohalco SA | 126,541 | 475 |
| | Autohellas Tourist and Trading SA | 37,932 | 424 |
| * | Aegean Airlines SA | 76,910 | 380 |
| | Sarantis SA | 58,908 | 369 |
| | Holding Co. ADMIE IPTO SA | 201,766 | 334 |
| * | Ellaktor SA | 165,836 | 285 |
| | Quest Holdings SA | 49,530 | 197 |
| *,2 | FF Group | 60,219 | — |
| | | | 45,313 |
| Hong Kong (1.7%) |
| | AIA Group Ltd. | 24,324,011 | 184,249 |
| | Hong Kong Exchanges & Clearing Ltd. | 2,583,655 | 68,580 |
| | Sun Hung Kai Properties Ltd. | 2,894,994 | 31,111 |
| | CK Hutchison Holdings Ltd. | 5,433,599 | 27,048 |
| | Link REIT | 4,302,425 | 25,430 |
| | Techtronic Industries Co. Ltd. | 2,673,774 | 25,317 |
| | BOC Hong Kong Holdings Ltd. | 7,309,030 | 22,711 |
| | CLP Holdings Ltd. | 3,337,871 | 22,403 |
| | CK Asset Holdings Ltd. | 4,027,938 | 22,269 |
| | Hang Seng Bank Ltd. | 1,470,337 | 20,699 |
| | Galaxy Entertainment Group Ltd. | 4,392,061 | 20,066 |
| | Jardine Matheson Holdings Ltd. | 400,932 | 18,470 |
| | Hong Kong & China Gas Co. Ltd. | 22,003,110 | 16,959 |
| | Power Assets Holdings Ltd. | 2,770,904 | 13,249 |
| | MTR Corp. Ltd. | 2,900,172 | 12,761 |
| | Wharf Real Estate Investment Co. Ltd. | 3,156,420 | 12,437 |
| | Lenovo Group Ltd. | 15,226,809 | 12,169 |
| | | Shares | Market
Value•
($000) |
| | Hongkong Land Holdings Ltd. | 2,267,354 | 8,729 |
| * | Sands China Ltd. | 4,875,104 | 8,523 |
| 3 | WH Group Ltd. | 15,948,502 | 8,054 |
| | Sino Land Co. Ltd. | 7,426,520 | 7,930 |
| 3 | Budweiser Brewing Co. APAC Ltd. | 3,440,633 | 7,242 |
| | Wharf Holdings Ltd. | 2,481,643 | 7,106 |
| 3 | ESR Cayman Ltd. | 4,134,914 | 7,052 |
| | Swire Pacific Ltd. Class A | 1,049,852 | 6,964 |
| | Henderson Land Development Co. Ltd. | 2,623,302 | 6,423 |
| | Chow Tai Fook Jewellery Group Ltd. | 3,629,097 | 6,213 |
| | New World Development Co. Ltd. | 2,864,554 | 5,859 |
| | Want Want China Holdings Ltd. | 8,832,807 | 5,802 |
| *,3 | Samsonite International SA | 2,650,303 | 5,694 |
| | CK Infrastructure Holdings Ltd. | 1,192,059 | 5,663 |
| | Xinyi Glass Holdings Ltd. | 4,119,583 | 5,294 |
| | PRADA SpA | 1,035,835 | 4,719 |
| | Hang Lung Properties Ltd. | 3,729,140 | 4,691 |
| | Swire Properties Ltd. | 2,082,092 | 4,002 |
| | SITC International Holdings Co. Ltd. | 2,423,534 | 3,969 |
| | Orient Overseas International Ltd. | 265,000 | 3,873 |
| | ASM Pacific Technology Ltd. | 628,200 | 3,455 |
| | PCCW Ltd. | 8,279,776 | 3,163 |
| 3 | BOC Aviation Ltd. | 419,326 | 2,806 |
| * | Vitasoy International Holdings Ltd. | 1,612,957 | 2,754 |
| | Hysan Development Co. Ltd. | 1,222,877 | 2,665 |
| *,1 | AAC Technologies Holdings Inc. | 1,397,837 | 2,561 |
| | Hang Lung Group Ltd. | 1,876,040 | 2,433 |
| | L'Occitane International SA | 922,855 | 2,266 |
| | NWS Holdings Ltd. | 2,946,079 | 2,089 |
| 3 | Js Global Lifestyle Co. Ltd. | 2,505,091 | 2,018 |
| | Kerry Properties Ltd. | 1,222,233 | 1,933 |
| *,1 | Cathay Pacific Airways Ltd. | 2,037,730 | 1,848 |
| | Bank of East Asia Ltd. | 1,863,452 | 1,786 |
| | VTech Holdings Ltd. | 332,020 | 1,767 |
| | Swire Pacific Ltd. Class B | 1,713,588 | 1,766 |
| | Man Wah Holdings Ltd. | 3,034,853 | 1,693 |
| * | HUTCHMED China Ltd. | 965,500 | 1,622 |
| | United Energy Group Ltd. | 15,262,205 | 1,477 |
| * | SJM Holdings Ltd. | 4,726,143 | 1,475 |
| | Yue Yuen Industrial Holdings Ltd. | 1,375,824 | 1,399 |
| * | NagaCorp Ltd. | 2,956,536 | 1,348 |
| | Dairy Farm International Holdings Ltd. | 599,214 | 1,343 |
| * | Shangri-La Asia Ltd. | 2,180,616 | 1,207 |
| | First Pacific Co. Ltd. | 4,527,139 | 1,199 |
| | Champion REIT | 3,968,530 | 1,188 |
| *,1 | Wynn Macau Ltd. | 2,899,320 | 1,156 |
| | | Shares | Market
Value•
($000) |
| *,1 | MMG Ltd. | 4,931,627 | 973 |
| 1 | Huabao International Holdings Ltd. | 1,942,849 | 895 |
| | Nexteer Automotive Group Ltd. | 1,648,541 | 892 |
| | Kerry Logistics Network Ltd. | 532,965 | 846 |
| * | Melco International Development Ltd. | 1,601,675 | 838 |
| * | China Travel International Investment Hong Kong Ltd. | 5,292,794 | 822 |
| | Cafe de Coral Holdings Ltd. | 656,419 | 766 |
| | Johnson Electric Holdings Ltd. | 725,143 | 747 |
| *,1 | MGM China Holdings Ltd. | 1,545,323 | 622 |
| | Dah Sing Financial Holdings Ltd. | 289,449 | 573 |
| | Dah Sing Banking Group Ltd. | 762,105 | 454 |
| * | Haitong International Securities Group Ltd. | 5,646,751 | 410 |
| * | China Com Rich Rene Ene Invest | 14,742,000 | ���364 |
| | Hutchison Telecommunications Hong Kong Holdings Ltd. | 2,662,363 | 353 |
| | Guotai Junan International Holdings Ltd. | 4,617,212 | 329 |
| *,1,3 | FIT Hon Teng Ltd. | 2,639,242 | 309 |
| *,2 | Brightoil | 3,241,567 | 83 |
| *,2 | Huishan Dairy | 5,503,795 | — |
| | | | 740,423 |
| Hungary (0.1%) |
| | OTP Bank Nyrt | 467,352 | 10,196 |
| | Richter Gedeon Nyrt | 281,161 | 5,561 |
| | MOL Hungarian Oil & Gas plc | 727,471 | 4,368 |
| | Magyar Telekom Telecommunications plc | 694,052 | 498 |
| | | | 20,623 |
| Iceland (0.0%) |
| | Marel HF | 394,078 | 1,379 |
| 3 | Arion Banki HF | 932,596 | 1,044 |
| | Islandsbanki HF | 727,376 | 645 |
| * | Kvika banki HF | 2,737,825 | 363 |
| | Hagar HF | 703,892 | 352 |
| | Eimskipafelag Islands HF | 86,265 | 327 |
| | Reitir fasteignafelag HF | 495,952 | 316 |
| | Siminn HF | 3,810,000 | 299 |
| | Festi HF | 211,082 | 278 |
| * | Icelandair Group HF | 13,843,541 | 180 |
| | | | 5,183 |
| India (4.8%) |
| | Reliance Industries Ltd. | 4,166,411 | 128,562 |
| | Housing Development Finance Corp. Ltd. | 3,566,024 | 106,620 |
| 3 | Reliance Industries Ltd. GDR | 1,334,949 | 81,549 |
| | Tata Consultancy Services Ltd. | 2,072,931 | 79,999 |
| | Infosys Ltd. ADR | 3,988,577 | 74,706 |
| | Infosys Ltd. | 3,428,461 | 63,900 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Hindustan Unilever Ltd. | 1,802,114 | 55,602 |
| | Axis Bank Ltd. | 4,621,425 | 50,681 |
| | Bharti Airtel Ltd (XNSE) | 4,814,842 | 48,422 |
| | Bajaj Finance Ltd. | 479,882 | 41,481 |
| | ICICI Bank Ltd. | 3,179,082 | 34,955 |
| | Asian Paints Ltd. | 917,573 | 34,540 |
| | Larsen & Toubro Ltd. | 1,399,798 | 34,271 |
| | Maruti Suzuki India Ltd. | 268,783 | 30,988 |
| | Mahindra & Mahindra Ltd. | 1,870,335 | 30,526 |
| | Titan Co. Ltd. | 846,329 | 28,240 |
| | HCL Technologies Ltd. | 2,197,949 | 27,669 |
| | Sun Pharmaceutical Industries Ltd. | 2,209,028 | 27,142 |
| | ITC Ltd. | 6,011,579 | 25,347 |
| | Adani Total Gas Ltd. | 564,521 | 24,568 |
| | Adani Enterprises Ltd. | 556,110 | 22,508 |
| * | Adani Transmission Ltd. | 515,216 | 20,864 |
| * | Adani Green Energy Ltd. | 809,679 | 20,587 |
| | Tata Steel Ltd. | 16,560,113 | 20,311 |
| | UltraTech Cement Ltd. | 232,631 | 18,899 |
| | NTPC Ltd. | 9,019,901 | 18,882 |
| | State Bank of India GDR (Registered) | 270,365 | 18,582 |
| * | Tata Motors Ltd. | 3,617,834 | 18,114 |
| | Nestle India Ltd. | 72,657 | 17,892 |
| | Power Grid Corp. of India Ltd. | 6,388,417 | 17,626 |
| | JSW Steel Ltd. | 2,036,620 | 16,594 |
| | Grasim Industries Ltd. | 780,708 | 16,274 |
| | Adani Ports & Special Economic Zone Ltd. | 1,615,977 | 16,091 |
| | Bajaj Finserv Ltd. | 776,698 | 15,849 |
| *,3 | Avenue Supermarts Ltd. | 302,386 | 15,793 |
| | Tech Mahindra Ltd. | 1,227,370 | 15,785 |
| | Cipla Ltd. | 1,040,491 | 14,680 |
| | Hindalco Industries Ltd. | 2,875,996 | 14,090 |
| | Eicher Motors Ltd. | 282,455 | 13,161 |
| 3 | SBI Life Insurance Co. Ltd. | 855,814 | 13,115 |
| 3 | HDFC Life Insurance Co. Ltd. | 1,970,903 | 12,880 |
| | Oil & Natural Gas Corp. Ltd. | 7,494,154 | 12,106 |
| | Tata Consumer Products Ltd. | 1,229,946 | 11,453 |
| | Coal India Ltd. | 3,843,616 | 11,410 |
| | Divi's Laboratories Ltd. | 256,606 | 11,193 |
| | Apollo Hospitals Enterprise Ltd. | 202,324 | 11,048 |
| | Britannia Industries Ltd. | 241,695 | 11,005 |
| | Pidilite Industries Ltd. | 308,805 | 9,657 |
| | UPL Ltd. | 1,072,058 | 9,464 |
| | Dr. Reddy's Laboratories Ltd. | 173,190 | 9,322 |
| | Tata Power Co. Ltd. | 3,341,949 | 9,136 |
| | Ambuja Cements Ltd. | 1,397,134 | 9,003 |
| | SRF Ltd. | 288,240 | 8,921 |
| | Bharat Electronics Ltd. | 6,721,587 | 8,674 |
| | Hero MotoCorp Ltd. | 265,007 | 8,578 |
| | Vedanta Ltd. | 2,493,666 | 8,450 |
| * | Max Healthcare Institute Ltd. | 1,504,291 | 8,293 |
| * | Adani Power Ltd. | 1,955,097 | 7,927 |
| | | Shares | Market
Value•
($000) |
| | Dabur India Ltd. | 1,172,930 | 7,864 |
| | Wipro Ltd. ADR | 1,655,453 | 7,781 |
| | Shree Cement Ltd. | 27,332 | 7,516 |
| | Bharat Petroleum Corp. Ltd. | 2,023,419 | 7,428 |
| * | Godrej Consumer Products Ltd. | 737,977 | 7,398 |
| | Info Edge India Ltd. | 154,347 | 7,314 |
| | Havells India Ltd. | 486,015 | 7,151 |
| | Cholamandalam Investment and Finance Co. Ltd. | 823,181 | 7,061 |
| * | Zomato Ltd. | 9,182,598 | 7,004 |
| | Page Industries Ltd. | 11,590 | 6,972 |
| 3 | ICICI Lombard General Insurance Co. Ltd. | 484,207 | 6,848 |
| | Trent Ltd. | 368,257 | 6,802 |
| | Indian Oil Corp. Ltd. | 8,245,716 | 6,801 |
| | Indian Hotels Co. Ltd. | 1,678,547 | 6,772 |
| | Marico Ltd. | 1,047,402 | 6,645 |
| | Siemens Ltd. | 187,670 | 6,640 |
| | Tube Investments of India Ltd. | 199,522 | 6,611 |
| | State Bank of India | 922,442 | 6,406 |
| * | United Spirits Ltd. | 578,237 | 6,264 |
| | Bajaj Auto Ltd. | 140,608 | 6,243 |
| | Shriram Transport Finance Co. Ltd. | 401,740 | 5,975 |
| | MRF Ltd. | 5,424 | 5,950 |
| | Tata Elxsi Ltd. | 69,700 | 5,891 |
| | Gail India Ltd. | 5,319,219 | 5,863 |
| | DLF Ltd. | 1,252,175 | 5,836 |
| | SBI Cards & Payment Services Ltd. | 580,626 | 5,802 |
| | PI Industries Ltd. | 147,277 | 5,769 |
| | Jubilant Foodworks Ltd. | 764,035 | 5,636 |
| | TVS Motor Co. Ltd. | 400,092 | 5,545 |
| | Ashok Leyland Ltd. | 2,911,120 | 5,396 |
| | Container Corp. of India Ltd. | 548,714 | 5,296 |
| | Zee Entertainment Enterprises Ltd. | 1,664,012 | 5,286 |
| | Varun Beverages Ltd. | 412,352 | 5,232 |
| | Colgate-Palmolive India Ltd. | 264,822 | 5,226 |
| | Hindustan Aeronautics Ltd. | 169,744 | 5,183 |
| | Bharat Forge Ltd. | 513,522 | 5,181 |
| | Embassy Office Parks REIT | 1,225,873 | 5,104 |
| 3 | Larsen & Toubro Infotech Ltd. | 88,619 | 5,077 |
| | Federal Bank Ltd. | 3,140,072 | 4,994 |
| | ACC Ltd. | 172,600 | 4,990 |
| | Voltas Ltd. | 463,308 | 4,909 |
| 3 | ICICI Prudential Life Insurance Co. Ltd. | 777,199 | 4,773 |
| * | Yes Bank Ltd. | 25,359,516 | 4,768 |
| 3 | AU Small Finance Bank Ltd. | 654,487 | 4,662 |
| *,3 | InterGlobe Aviation Ltd. | 215,134 | 4,642 |
| | Indian Railway Catering & Tourism Corp. Ltd. | 515,330 | 4,623 |
| *,3 | Bandhan Bank Ltd. | 1,580,560 | 4,564 |
| | Astral Ltd. (XNSE) | 182,323 | 4,478 |
| | Jindal Steel & Power Ltd. | 804,390 | 4,470 |
| * | CG Power & Industrial Solutions Ltd. | 1,413,611 | 4,450 |
| | Cummins India Ltd. | 270,408 | 4,403 |
| | | Shares | Market
Value•
($000) |
| | Bajaj Holdings & Investment Ltd. | 53,937 | 4,342 |
| | Persistent Systems Ltd. | 96,552 | 4,308 |
| | Mphasis Ltd. | 178,137 | 4,259 |
| | Wipro Ltd. | 902,945 | 4,225 |
| * | Max Financial Services Ltd. | 492,748 | 4,222 |
| * | IDFC First Bank Ltd. | 6,129,260 | 4,157 |
| | Deepak Nitrite Ltd. | 147,848 | 4,140 |
| | Lupin Ltd. | 482,605 | 4,077 |
| 3 | Laurus Labs Ltd. | 729,316 | 4,008 |
| | ABB India Ltd. | 106,870 | 3,937 |
| | Dr Reddy's Laboratories Ltd. ADR | 71,982 | 3,909 |
| | Indus Towers Ltd. | 1,741,715 | 3,907 |
| | Dixon Technologies India Ltd. | 71,161 | 3,888 |
| | Torrent Pharmaceuticals Ltd. | 193,680 | 3,864 |
| | Balkrishna Industries Ltd. | 160,404 | 3,808 |
| | Petronet LNG Ltd. | 1,497,549 | 3,720 |
| | Bank of Baroda | 2,068,260 | 3,694 |
| | Hindustan Petroleum Corp. Ltd. | 1,420,322 | 3,673 |
| | Indraprastha Gas Ltd. | 698,615 | 3,620 |
| | Berger Paints India Ltd. | 495,354 | 3,512 |
| | Mindtree Ltd. | 84,974 | 3,494 |
| | Bosch Ltd. | 17,413 | 3,472 |
| | Tata Communications Ltd. | 227,611 | 3,462 |
| | Aurobindo Pharma Ltd. | 531,423 | 3,455 |
| | Motherson Sumi Systems Ltd. | 4,406,333 | 3,435 |
| 3 | HDFC Asset Management Co. Ltd. | 134,750 | 3,382 |
| | Power Finance Corp. Ltd. | 2,403,294 | 3,348 |
| | NIIT Technologies Ltd. | 71,608 | 3,294 |
| | Dalmia Bharat Ltd. | 167,987 | 3,254 |
| | LIC Housing Finance Ltd. | 662,191 | 3,246 |
| | Aarti Industries Ltd. | 383,873 | 3,245 |
| | Gujarat Fluorochemicals Ltd. | 70,149 | 3,213 |
| | REC Ltd. | 2,544,708 | 3,153 |
| | JSW Energy Ltd. | 766,246 | 3,126 |
| | Ipca Laboratories Ltd. | 274,594 | 3,004 |
| | Biocon Ltd. | 918,476 | 2,997 |
| * | Tata Motors Ltd. Class A | 1,048,474 | 2,983 |
| | Mahindra & Mahindra Financial Services Ltd. | 1,212,999 | �� 2,963 |
| 3 | Sona Blw Precision Forgings Ltd. | 515,600 | 2,904 |
| | NMDC Ltd. (XNSE) | 2,293,936 | 2,763 |
| | Steel Authority of India Ltd. | 2,883,326 | 2,743 |
| | Muthoot Finance Ltd. | 216,821 | 2,736 |
| | Schaeffler India Ltd. | 82,096 | 2,734 |
| | United Breweries Ltd. | 136,493 | 2,728 |
| | Oberoi Realty Ltd. | 241,229 | 2,700 |
| | Bata India Ltd. | 121,156 | 2,679 |
| | Cadila Healthcare Ltd. | 510,024 | 2,673 |
| * | Godrej Properties Ltd. | 175,044 | 2,671 |
| | Torrent Power Ltd. | 435,356 | 2,655 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Piramal Enterprises Ltd. | 252,834 | 2,598 |
| * | Adani Wilmar Ltd. | 316,631 | 2,574 |
| | Canara Bank | 723,297 | 2,541 |
| | Gujarat Gas Ltd. | 403,569 | 2,532 |
| | Coromandel International Ltd. | 216,619 | 2,518 |
| | Emami Ltd. | 423,817 | 2,428 |
| | NHPC Ltd. | 4,547,046 | 2,341 |
| 3 | L&T Technology Services Ltd. | 53,603 | 2,293 |
| | Bharat Heavy Electricals Ltd. | 2,560,459 | 2,291 |
| | Rajesh Exports Ltd. | 268,426 | 2,243 |
| * | GMR Infrastructure Ltd. | 4,896,277 | 2,217 |
| 3 | Dr Lal PathLabs Ltd. | 69,923 | 2,166 |
| | Minda Industries Ltd. | 332,852 | 2,160 |
| | Honeywell Automation India Ltd. | 4,462 | 2,121 |
| * | Macrotech Developers Ltd. | 157,832 | 1,890 |
| | Alkem Laboratories Ltd. | 49,550 | 1,889 |
| | Exide Industries Ltd. | 938,673 | 1,881 |
| | Polycab India Ltd. | 51,358 | 1,725 |
| | L&T Finance Holdings Ltd. | 1,739,695 | 1,706 |
| | Relaxo Footwears Ltd. | 142,301 | 1,663 |
| * | Vodafone Idea Ltd. | 15,937,069 | 1,649 |
| * | FSN E-Commerce Ventures Ltd. | 116,776 | 1,628 |
| | Hindustan Zinc Ltd. | 470,755 | 1,613 |
| | Kansai Nerolac Paints Ltd. | 273,396 | 1,607 |
| | Linde India Ltd. | 43,195 | 1,604 |
| | Oracle Financial Services Software Ltd. | 44,441 | 1,564 |
| * | 3M India Ltd. | 5,542 | 1,561 |
| * | PB Fintech Ltd. | 333,573 | 1,558 |
| | Oil India Ltd. | 666,162 | 1,551 |
| * | Piramal Pharma Ltd. | 757,389 | 1,509 |
| | Union Bank of India | 2,271,072 | 1,481 |
| *,3 | RBL Bank Ltd. | 902,847 | 1,475 |
| * | One 97 Communications Ltd. | 188,969 | 1,459 |
| | Glenmark Pharmaceuticals Ltd. | 298,086 | 1,457 |
| | Bayer CropScience Ltd. | 25,215 | 1,426 |
| | GlaxoSmithKline Pharmaceuticals Ltd. | 84,128 | 1,400 |
| | Castrol India Ltd. | 930,067 | 1,397 |
| * | Star Health & Allied Insurance Co. Ltd. | 159,741 | 1,377 |
| * | Aditya Birla Capital Ltd. | 953,912 | 1,349 |
| 3 | Indian Railway Finance Corp. Ltd. | 4,809,747 | 1,316 |
| | Sun TV Network Ltd. | 198,656 | 1,255 |
| * | Tata Teleservices Maharashtra Ltd. | 1,003,654 | 1,236 |
| | Whirlpool of India Ltd. | 60,354 | 1,150 |
| | Punjab National Bank | 2,189,294 | 1,128 |
| *,2 | NMDC Ltd. | 2,293,936 | 1,067 |
| 3 | Nippon Life India Asset Management Ltd. | 317,363 | 1,038 |
| | Gillette India Ltd. | 15,680 | 974 |
| * | Godrej Industries Ltd. | 166,707 | 866 |
| | | Shares | Market
Value•
($000) |
| | Bank of India | 950,416 | 692 |
| *,2 | Aarti Pharmalabs Ltd. | 95,968 | 440 |
| | Bharti Airtel Ltd. | 77,251 | 411 |
| 3 | General Insurance Corp. of India | 193,929 | 290 |
| * | Mangalore Refinery & Petrochemicals Ltd. | 392,134 | 256 |
| | | | 2,105,823 |
| Indonesia (0.6%) |
| | Bank Central Asia Tbk PT | 112,598,743 | 63,650 |
| | Bank Rakyat Indonesia Persero Tbk PT | 131,927,403 | 39,358 |
| | Telkom Indonesia Persero Tbk PT | 94,116,324 | 26,433 |
| | Bank Mandiri Persero Tbk PT | 37,604,172 | 25,404 |
| | Astra International Tbk PT | 41,150,188 | 17,585 |
| | Bank Negara Indonesia Persero Tbk PT | 15,121,087 | 9,117 |
| | Sumber Alfaria Trijaya Tbk PT | 39,057,300 | 7,058 |
| | Adaro Energy Tbk PT | 25,843,663 | 6,593 |
| | United Tractors Tbk PT | 3,079,312 | 6,370 |
| | Elang Mahkota Teknologi Tbk PT | 61,324,800 | 6,080 |
| | Charoen Pokphand Indonesia Tbk PT | 15,124,064 | 5,403 |
| | Kalbe Farma Tbk PT | 38,678,337 | 5,086 |
| | Indofood Sukses Makmur Tbk PT | 9,107,405 | 3,768 |
| | Sarana Menara Nusantara Tbk PT | 50,058,900 | 3,706 |
| | Unilever Indonesia Tbk PT | 11,455,550 | 3,408 |
| | Indah Kiat Pulp & Paper Corp. Tbk PT | 5,281,900 | 3,250 |
| | Semen Indonesia Persero Tbk PT | 5,891,249 | 3,005 |
| | Indofood CBP Sukses Makmur Tbk PT | 4,580,984 | 2,859 |
| | Perusahaan Gas Negara Persero Tbk PT | 21,193,346 | 2,685 |
| | Barito Pacific Tbk PT | 49,926,600 | 2,642 |
| | Indocement Tunggal Prakarsa Tbk PT | 3,562,398 | 2,119 |
| | Bukit Asam Tbk PT | 8,352,055 | 2,092 |
| | Dayamitra Telekomunikasi PT | 45,647,200 | 2,088 |
| * | Vale Indonesia Tbk PT | 4,142,662 | 1,730 |
| | Gudang Garam Tbk PT | 892,586 | 1,379 |
| | Avia Avian Tbk PT | 24,574,900 | 1,237 |
| | XL Axiata Tbk PT | 7,349,350 | 1,188 |
| | Tower Bersama Infrastructure Tbk PT | 7,363,357 | 1,163 |
| | Hanjaya Mandala Sampoerna Tbk PT | 17,319,200 | 1,117 |
| | Mayora Indah Tbk PT | 7,227,000 | 1,111 |
| * | MNC Digital Entertainment Tbk PT | 3,174,400 | 1,022 |
| * | Bumi Serpong Damai Tbk PT | 16,988,240 | 1,013 |
| * | Smartfren Telecom Tbk PT | 193,520,100 | 966 |
| | Indosat Tbk PT | 2,208,200 | 958 |
| * | Jasa Marga Persero Tbk PT | 4,282,519 | 936 |
| | Surya Citra Media Tbk PT | 58,114,995 | 872 |
| | | Shares | Market
Value•
($000) |
| | Media Nusantara Citra Tbk PT | 10,296,366 | 542 |
| | LEG Immobilien SE | 5,993,100 | 538 |
| | Astra Agro Lestari Tbk PT | 800,525 | 436 |
| | Bank Danamon Indonesia Tbk PT | 1,646,227 | 359 |
| | | | 266,326 |
| Ireland (0.2%) |
| | Kerry Group plc Class A | 313,599 | 27,237 |
| | Kingspan Group plc | 307,173 | 15,487 |
| | Bank of Ireland Group plc | 1,860,214 | 13,395 |
| | AIB Group plc | 1,852,007 | 5,358 |
| | Glanbia plc (XDUB) | 369,887 | 4,272 |
| *,2 | Irish Bank Resolution Corp. | 236,607 | — |
| | | | 65,749 |
| Israel (0.6%) |
| | Bank Leumi Le-Israel BM | 3,135,342 | 29,910 |
| | Bank Hapoalim BM | 2,718,751 | 26,207 |
| * | Nice Ltd. | 129,482 | 24,403 |
| * | Teva Pharmaceutical Industries Ltd. | 2,021,555 | 18,075 |
| | Israel Discount Bank Ltd. Class A | 2,534,841 | 14,413 |
| | ICL Group Ltd. | 1,465,180 | 13,213 |
| | Mizrahi Tefahot Bank Ltd. | 279,659 | 10,572 |
| | Elbit Systems Ltd. | 49,795 | 10,075 |
| * | Tower Semiconductor Ltd. | 223,963 | 9,571 |
| | Bezeq The Israeli Telecommunication Corp. Ltd. | 4,237,999 | 7,502 |
| | Azrieli Group Ltd. | 73,359 | 5,435 |
| | First International Bank of Israel Ltd. | 105,495 | 4,556 |
| * | Nova Ltd. | 59,443 | 4,350 |
| | Mivne Real Estate KD Ltd. | 1,316,003 | 4,092 |
| * | Enlight Renewable Energy Ltd. | 1,877,564 | 3,803 |
| | Shufersal Ltd. | 533,572 | 3,643 |
| | Israel Corp. Ltd. | 7,340 | 3,177 |
| | Big Shopping Centers Ltd. | 27,385 | 3,071 |
| | Phoenix Holdings Ltd. | 243,118 | 2,634 |
| | Melisron Ltd. | 35,115 | 2,605 |
| | Alony Hetz Properties & Investments Ltd. | 218,134 | 2,559 |
| * | Delek Group Ltd. | 16,004 | 2,437 |
| * | Paz Oil Co. Ltd. | 19,915 | 2,379 |
| * | Airport City Ltd. | 141,111 | 2,336 |
| | Harel Insurance Investments & Financial Services Ltd. | 229,414 | 2,208 |
| | Electra Ltd. | 3,602 | 2,096 |
| | Strauss Group Ltd. | 83,589 | 2,091 |
| * | OPC Energy Ltd. | 164,233 | 2,019 |
| | Amot Investments Ltd. | 331,679 | 2,006 |
| | Shapir Engineering and Industry Ltd. | 230,480 | 1,899 |
| * | Shikun & Binui Ltd. | 435,800 | 1,730 |
| | Ashtrom Group Ltd. | 78,859 | 1,716 |
| | Fox Wizel Ltd. | 13,666 | 1,666 |
| | Energix-Renewable Energies Ltd. | 388,757 | 1,357 |
| * | Fattal Holdings 1998 Ltd. | 12,476 | 1,267 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Kenon Holdings Ltd. | 32,187 | 1,233 |
| | Sapiens International Corp. NV | 61,992 | 1,218 |
| | Elco Ltd. | 18,817 | 1,084 |
| | Maytronics Ltd. | 84,763 | 914 |
| | Gav-Yam Lands Corp. Ltd. | 55,428 | 470 |
| | AFI Properties Ltd. | 13,484 | 404 |
| * | Teva Pharmaceutical Industries Ltd. ADR | 14,374 | 128 |
| | | | 236,524 |
| Italy (1.6%) |
| | Enel SpA | 15,806,325 | 70,612 |
| | Eni SpA | 4,954,118 | 65,066 |
| | Intesa Sanpaolo SpA | 33,788,122 | 64,418 |
| | UniCredit SpA | 3,992,944 | 49,518 |
| | Ferrari NV | 244,868 | 48,273 |
| | Assicurazioni Generali SpA | 2,801,537 | 42,043 |
| | Stellantis NV | 2,398,411 | 32,358 |
| | CNH Industrial NV | 2,004,867 | 25,937 |
| | Atlantia SpA | 1,082,909 | 24,157 |
| | Stellantis NV (XNYS) | 1,726,792 | 23,269 |
| | Snam SpA (MTAA) | 4,527,680 | 20,132 |
| | Terna - Rete Elettrica Nazionale | 2,860,812 | 18,972 |
| | Moncler SpA | 414,161 | 17,869 |
| | Prysmian SpA | 537,234 | 17,486 |
| | FinecoBank Banca Fineco SpA | 1,242,496 | 16,743 |
| *,3 | Nexi SpA | 1,537,670 | 13,294 |
| | Tenaris SA | 781,579 | 12,233 |
| | Mediobanca Banca di Credito Finanziario SpA | 1,307,839 | 11,848 |
| | Davide Campari-Milano NV | 1,010,975 | 9,079 |
| 3 | Poste Italiane SpA | 925,446 | 8,065 |
| | Recordati Industria Chimica e Farmaceutica SpA | 196,990 | 7,401 |
| | Leonardo SpA | 818,888 | 6,579 |
| | Amplifon SpA | 261,811 | 6,504 |
| 3 | Infrastrutture Wireless Italiane SpA | 719,649 | 6,352 |
| | Interpump Group SpA | 159,682 | 6,182 |
| | DiaSorin SpA | 44,753 | 5,851 |
| | Italgas SpA | 975,691 | 5,027 |
| | Reply SpA | 45,549 | 4,955 |
| * | Telecom Italia SpA | 22,230,047 | 4,349 |
| 3 | Pirelli & C SpA | 1,001,307 | 3,777 |
| | Hera SpA | 1,555,044 | 3,705 |
| | Banca Mediolanum SpA | 486,581 | 3,641 |
| | A2A SpA | 3,038,830 | 3,370 |
| | Buzzi Unicem SpA | 172,713 | 2,866 |
| | Tenaris SA ADR | 81,905 | 2,573 |
| | De' Longhi SpA | 136,232 | 2,351 |
| * | Telecom Italia SpA Savings Shares | 11,859,514 | 2,267 |
| | UnipolSai Assicurazioni SpA | 848,152 | 1,912 |
| | | | 671,034 |
| Japan (15.4%) |
| | Toyota Motor Corp. | 24,697,535 | 342,669 |
| | Sony Group Corp. | 2,514,484 | 169,563 |
| | Keyence Corp. | 396,174 | 149,383 |
| | Daiichi Sankyo Co. Ltd. | 3,826,569 | 122,491 |
| | Mitsubishi UFJ Financial Group Inc. | 24,424,654 | 115,378 |
| | KDDI Corp. | 3,326,824 | 98,331 |
| | SoftBank Group Corp. | 2,127,907 | 91,343 |
| | | Shares | Market
Value•
($000) |
| | Nintendo Co. Ltd. | 2,137,650 | 86,787 |
| | Recruit Holdings Co. Ltd. | 2,807,914 | 86,403 |
| | Hitachi Ltd. | 1,861,936 | 84,483 |
| | Shin-Etsu Chemical Co. Ltd. | 797,597 | 82,894 |
| | Daikin Industries Ltd. | 540,231 | 80,920 |
| | Takeda Pharmaceutical Co. Ltd. | 3,007,555 | 79,427 |
| | Tokyo Electron Ltd. | 301,436 | 79,307 |
| | Honda Motor Co. Ltd. | 3,446,213 | 78,582 |
| | Sumitomo Mitsui Financial Group Inc. | 2,640,081 | 74,138 |
| | ITOCHU Corp. | 2,724,828 | 70,422 |
| | Mitsui & Co. Ltd. | 3,170,670 | 70,164 |
| | Tokio Marine Holdings Inc. | 3,845,410 | 69,622 |
| | Hoya Corp. | 718,609 | 66,803 |
| | Nippon Telegraph & Telephone Corp. | 2,402,349 | 66,258 |
| | Mitsubishi Corp. | 2,411,972 | 65,338 |
| | Seven & i Holdings Co. Ltd. | 1,565,759 | 58,447 |
| | Fast Retailing Co. Ltd. | 104,062 | 57,977 |
| | Mizuho Financial Group Inc. | 5,152,870 | 55,731 |
| | Murata Manufacturing Co. Ltd. | 1,160,455 | 54,935 |
| | Softbank Corp. | 5,551,039 | 54,758 |
| | Olympus Corp. | 2,552,879 | 53,826 |
| | Nidec Corp. | 934,769 | 51,397 |
| | Astellas Pharma Inc. | 3,724,216 | 51,387 |
| | FANUC Corp. | 390,310 | 51,073 |
| | Oriental Land Co. Ltd. | 381,037 | 51,031 |
| | SMC Corp. | 114,131 | 45,812 |
| | Denso Corp. | 911,184 | 45,209 |
| | Fujitsu Ltd. | 376,939 | 43,370 |
| | Central Japan Railway Co. | 368,197 | 42,629 |
| | Canon Inc. | 1,992,540 | 42,237 |
| | Bridgestone Corp. | 1,163,302 | 42,072 |
| | Terumo Corp. | 1,341,631 | 40,717 |
| | Japan Tobacco Inc. | 2,404,475 | 40,269 |
| | East Japan Railway Co. | 733,319 | 39,075 |
| | Komatsu Ltd. | 1,862,409 | 36,485 |
| | ORIX Corp. | 2,433,621 | 35,744 |
| | Mitsui Fudosan Co. Ltd. | 1,849,485 | 35,415 |
| | Mitsubishi Electric Corp. | 3,953,626 | 34,786 |
| | Kao Corp. | 929,783 | 34,729 |
| | FUJIFILM Holdings Corp. | 718,526 | 32,872 |
| | Eisai Co. Ltd. | 538,174 | 32,454 |
| | Dai-ichi Life Holdings Inc. | 1,996,625 | 31,712 |
| | Suzuki Motor Corp. | 919,897 | 31,102 |
| | Panasonic Corp. | 4,348,884 | 30,975 |
| | Kubota Corp. | 2,210,270 | 30,832 |
| | Chugai Pharmaceutical Co. Ltd. | 1,325,521 | 30,715 |
| | Kyocera Corp. | 623,221 | 30,180 |
| | Toshiba Corp. | 857,585 | 29,760 |
| | Japan Post Holdings Co. Ltd. | 4,390,025 | 29,521 |
| | Sumitomo Corp. | 2,286,227 | 29,067 |
| | Mitsubishi Estate Co. Ltd. | 2,289,183 | 28,787 |
| | Asahi Group Holdings Ltd. | 990,650 | 27,719 |
| | Marubeni Corp. | 3,148,227 | 27,559 |
| | | Shares | Market
Value•
($000) |
| | Otsuka Holdings Co. Ltd. | 853,800 | 27,368 |
| | Shiseido Co. Ltd. | 790,684 | 27,308 |
| | Sompo Holdings Inc. | 646,621 | 26,959 |
| | Ajinomoto Co. Inc. | 971,086 | 26,708 |
| | Aeon Co. Ltd. | 1,431,085 | 26,691 |
| | Bandai Namco Holdings Inc. | 398,086 | 26,315 |
| | Daiwa House Industry Co. Ltd. | 1,303,829 | 26,269 |
| | Shionogi & Co. Ltd. | 555,697 | 25,805 |
| | M3 Inc. | 858,111 | 25,572 |
| | MS&AD Insurance Group Holdings Inc. | 938,648 | 24,857 |
| | Shimano Inc. | 156,560 | 24,227 |
| | Unicharm Corp. | 790,678 | 24,030 |
| | TDK Corp. | 734,192 | 22,935 |
| | Nippon Steel Corp. | 1,660,740 | 22,783 |
| | Kirin Holdings Co. Ltd. | 1,524,914 | 22,416 |
| | Secom Co. Ltd. | 391,773 | 22,319 |
| | Lasertec Corp. | 155,140 | 21,799 |
| | Sumitomo Mitsui Trust Holdings Inc. | 733,798 | 21,111 |
| * | Renesas Electronics Corp. | 2,484,656 | 20,786 |
| | Sysmex Corp. | 386,018 | 20,777 |
| | Advantest Corp. | 390,141 | 20,538 |
| | Obic Co. Ltd. | 136,469 | 20,479 |
| | Inpex Corp. | 2,022,398 | 20,411 |
| | Ono Pharmaceutical Co. Ltd. | 854,582 | 20,111 |
| | Mitsubishi Heavy Industries Ltd. | 582,725 | 20,071 |
| | Kikkoman Corp. | 369,773 | 20,038 |
| | Nomura Holdings Inc. | 6,083,680 | 19,687 |
| | ENEOS Holdings Inc. | 5,943,324 | 19,605 |
| | Subaru Corp. | 1,239,944 | 19,381 |
| | Sekisui House Ltd. | 1,152,279 | 19,131 |
| | West Japan Railway Co. | 470,249 | 18,644 |
| | Sumitomo Realty & Development Co. Ltd. | 805,490 | 18,473 |
| | NTT Data Corp. | 1,274,609 | 18,461 |
| 1 | Nippon Yusen KK | 983,244 | 17,811 |
| | NEC Corp. | 531,184 | 17,583 |
| | Nomura Research Institute Ltd. | 794,238 | 17,577 |
| | Omron Corp. | 373,303 | 17,410 |
| | Toyota Industries Corp. | 324,904 | 16,737 |
| | Resona Holdings Inc. | 4,377,251 | 16,498 |
| | Asahi Kasei Corp. | 2,529,078 | 16,216 |
| | Nitto Denko Corp. | 304,587 | 16,047 |
| | Sumitomo Electric Industries Ltd. | 1,531,380 | 16,003 |
| | Toyota Tsusho Corp. | 452,887 | 15,202 |
| | Tokyo Gas Co. Ltd. | 844,892 | 15,099 |
| | Toray Industries Inc. | 3,095,906 | 15,038 |
| | Yakult Honsha Co. Ltd. | 263,498 | 14,598 |
| | Yaskawa Electric Corp. | 523,459 | 14,494 |
| | Shimadzu Corp. | 546,214 | 14,389 |
| | Japan Exchange Group Inc. | 1,072,219 | 14,091 |
| | Nitori Holdings Co. Ltd. | 152,694 | 13,837 |
| | Nippon Building Fund Inc. | 3,111 | 13,829 |
| | Z Holdings Corp. | 5,294,622 | 13,664 |
| | Nexon Co. Ltd. | 814,572 | 13,631 |
| | Disco Corp. | 56,679 | 13,557 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Sumitomo Metal Mining Co. Ltd. | 481,346 | 13,493 |
| 1 | Mitsui OSK Lines Ltd. | 678,995 | 13,441 |
| | Pan Pacific International Holdings Corp. | 812,605 | 13,335 |
| | Nippon Paint Holdings Co. Ltd. | 2,071,321 | 13,201 |
| | Daito Trust Construction Co. Ltd. | 132,475 | 13,118 |
| | Hankyu Hanshin Holdings Inc. | 440,725 | 13,090 |
| | Dentsu Group Inc. | 419,720 | 13,055 |
| | Yamaha Motor Co. Ltd. | 617,084 | 12,738 |
| | Nissan Motor Co. Ltd. | 3,948,799 | 12,586 |
| | TIS Inc. | 465,580 | 12,553 |
| | Kintetsu Group Holdings Co. Ltd. | 367,681 | 12,426 |
| | Isuzu Motors Ltd. | 1,048,844 | 12,334 |
| | MINEBEA MITSUMI Inc. | 826,356 | 12,212 |
| | MISUMI Group Inc. | 567,444 | 12,086 |
| | Nissan Chemical Corp. | 266,753 | 12,008 |
| | Rohm Co. Ltd. | 170,493 | 11,980 |
| | Trend Micro Inc. | 236,890 | 11,945 |
| | Kyowa Kirin Co. Ltd. | 507,182 | 11,945 |
| | Osaka Gas Co. Ltd. | 801,291 | 11,865 |
| | AGC Inc. | 376,091 | 11,785 |
| | Mitsubishi Chemical Holdings Corp. | 2,595,678 | 11,726 |
| | Hamamatsu Photonics KK | 258,012 | 11,673 |
| | Daiwa Securities Group Inc. | 2,964,202 | 11,565 |
| | Yamaha Corp. | 306,252 | 11,562 |
| | Chubu Electric Power Co. Inc. | 1,420,115 | 11,560 |
| | SG Holdings Co. Ltd. | 862,525 | 11,429 |
| | Tokyu Corp. | 988,210 | 11,395 |
| | Kansai Electric Power Co. Inc. | 1,477,401 | 11,192 |
| | Japan Real Estate Investment Corp. | 2,649 | 11,100 |
| | MEIJI Holdings Co. Ltd. | 264,653 | 10,890 |
| | Dai Nippon Printing Co. Ltd. | 535,669 | 10,730 |
| | Idemitsu Kosan Co. Ltd. | 476,743 | 10,431 |
| | Sumitomo Chemical Co. Ltd. | 3,082,330 | 10,379 |
| | Nomura Real Estate Master Fund Inc. | 9,098 | 10,379 |
| * | Tokyo Electric Power Co. Holdings Inc. | 3,180,986 | 10,362 |
| | Japan Metropolitan Fund Investment | 14,030 | 10,336 |
| | Capcom Co. Ltd. | 370,370 | 10,302 |
| | T&D Holdings Inc. | 1,038,959 | 10,276 |
| | Taisei Corp. | 369,766 | 10,073 |
| | Nippon Prologis REIT Inc. | 4,734 | 9,933 |
| | Yamato Holdings Co. Ltd. | 665,776 | 9,860 |
| | Fuji Electric Co. Ltd. | 253,666 | 9,808 |
| | JFE Holdings Inc. | 1,045,851 | 9,581 |
| | Tobu Railway Co. Ltd. | 413,986 | 9,577 |
| | Aisin Corp. | 352,855 | 9,058 |
| | MatsukiyoCocokara & Co. | 248,275 | 9,039 |
| | Daifuku Co. Ltd. | 197,088 | 9,022 |
| | Makita Corp. | 493,485 | 9,018 |
| | | Shares | Market
Value•
($000) |
| | Nissin Foods Holdings Co. Ltd. | 138,722 | 8,979 |
| | GLP J-REIT | 8,624 | 8,944 |
| | SBI Holdings Inc. | 493,953 | 8,923 |
| | SUMCO Corp. | 693,553 | 8,791 |
| | Obayashi Corp. | 1,368,823 | 8,786 |
| | Daiwa House REIT Investment Corp. | 4,330 | 8,739 |
| | Ricoh Co. Ltd. | 1,186,495 | 8,694 |
| | Sekisui Chemical Co. Ltd. | 693,981 | 8,666 |
| | Suntory Beverage & Food Ltd. | 255,615 | 8,552 |
| | TOTO Ltd. | 297,992 | 8,500 |
| | Konami Holdings Corp. | 191,519 | 8,395 |
| | Kajima Corp. | 885,387 | 8,334 |
| | Hirose Electric Co. Ltd. | 64,060 | 8,310 |
| | TOPPAN Inc. | 555,607 | 8,286 |
| | Yokogawa Electric Corp. | 494,193 | 8,263 |
| | Keio Corp. | 234,099 | 8,208 |
| | Kurita Water Industries Ltd. | 223,602 | 8,185 |
| | Toho Co. Ltd. (XTKS) | 226,807 | 8,065 |
| | Lixil Corp. | 533,576 | 8,060 |
| | Brother Industries Ltd. | 465,728 | 7,934 |
| | Mazda Motor Corp. | 1,159,492 | 7,807 |
| 1 | Kawasaki Kisen Kaisha Ltd. | 505,800 | 7,670 |
| | BayCurrent Consulting Inc. | 271,000 | 7,603 |
| | Odakyu Electric Railway Co. Ltd. | 628,000 | 7,466 |
| | Keisei Electric Railway Co. Ltd. | 281,031 | 7,459 |
| | Ibiden Co. Ltd. | 220,460 | 7,431 |
| | Seiko Epson Corp. | 547,258 | 7,430 |
| | Rakuten Group Inc. | 1,639,738 | 7,320 |
| | NGK Spark Plug Co. Ltd. | 398,802 | 7,276 |
| | Persol Holdings Co. Ltd. | 362,291 | 7,254 |
| | MonotaRO Co. Ltd. | 476,456 | 7,233 |
| | NIPPON Experes Holding Inc. | 143,681 | 7,220 |
| | Orix JREIT Inc. | 5,338 | 7,162 |
| | Taiyo Yuden Co. Ltd. | 263,150 | 7,161 |
| | Square Enix Holdings Co. Ltd. | 160,264 | 7,151 |
| | CyberAgent Inc. | 857,968 | 7,048 |
| | Azbil Corp. | 258,010 | 7,012 |
| | Sojitz Corp. | 471,405 | 6,949 |
| | Toyo Suisan Kaisha Ltd. | 185,141 | 6,946 |
| | Kyushu Railway Co. | 326,888 | 6,836 |
| | Asahi Intecc Co. Ltd. | 398,667 | 6,791 |
| | Concordia Financial Group Ltd. | 2,214,184 | 6,756 |
| | JSR Corp. | 355,413 | 6,753 |
| | Kobayashi Pharmaceutical Co. Ltd. | 126,449 | 6,710 |
| | Chiba Bank Ltd. | 1,213,446 | 6,649 |
| | Otsuka Corp. | 209,441 | 6,596 |
| | Koito Manufacturing Co. Ltd. | 463,652 | 6,582 |
| | Mitsui Chemicals Inc. | 354,854 | 6,568 |
| | Hoshizaki Corp. | 225,052 | 6,448 |
| | Marui Group Co. Ltd. | 393,063 | 6,431 |
| | Nikon Corp. | 663,899 | 6,421 |
| | Isetan Mitsukoshi Holdings Ltd. | 721,249 | 6,406 |
| | | Shares | Market
Value•
($000) |
| | USS Co. Ltd. | 423,121 | 6,384 |
| | United Urban Investment Corp. | 5,967 | 6,313 |
| | Shizuoka Financial Group Inc. | 994,128 | 6,278 |
| | Oji Holdings Corp. | 1,792,573 | 6,214 |
| | Tosoh Corp. | 571,142 | 6,214 |
| | Tokyu Fudosan Holdings Corp. | 1,222,170 | 6,201 |
| | Nagoya Railroad Co. Ltd. | 404,758 | 6,200 |
| 1 | Kobe Bussan Co. Ltd. | 284,788 | 6,177 |
| * | ANA Holdings Inc. | 315,534 | 6,134 |
| | NGK Insulators Ltd. | 522,141 | 6,091 |
| | Rohto Pharmaceutical Co. Ltd. | 195,225 | 6,073 |
| | Ebara Corp. | 186,597 | 6,063 |
| | Advance Residence Investment Corp. | 2,590 | 6,030 |
| | Hulic Co. Ltd. | 827,964 | 6,015 |
| | Japan Post Insurance Co. Ltd. | 403,639 | 5,975 |
| | Nihon M&A Center Holdings Inc. | 529,092 | 5,970 |
| | GMO Payment Gateway Inc. | 82,435 | 5,928 |
| | Kose Corp. | 58,293 | 5,819 |
| | IHI Corp. | 259,524 | 5,788 |
| | Nippon Shinyaku Co. Ltd. | 103,913 | 5,753 |
| | Nisshin Seifun Group Inc. | 529,204 | 5,718 |
| | Mitsubishi HC Capital Inc. (XTKS) | 1,287,033 | 5,523 |
| | Tokyo Tatemono Co. Ltd. | 400,821 | 5,512 |
| | Japan Post Bank Co. Ltd. | 824,287 | 5,492 |
| | Fukuoka Financial Group Inc. | 321,712 | 5,474 |
| | Shimizu Corp. | 1,092,134 | 5,450 |
| * | Japan Airlines Co. Ltd. | 290,865 | 5,433 |
| | Asics Corp. | 352,235 | 5,398 |
| | Showa Denko KK | 366,536 | 5,351 |
| | Haseko Corp. | 515,002 | 5,304 |
| | JGC Holdings Corp. | 438,554 | 5,275 |
| | Hikari Tsushin Inc. | 43,611 | 5,268 |
| | Bank of Kyoto Ltd. | 143,867 | 5,184 |
| | Lion Corp. | 511,970 | 5,174 |
| | Keikyu Corp. | 502,446 | 5,158 |
| | Nomura Real Estate Holdings Inc. | 227,719 | 5,147 |
| | Stanley Electric Co. Ltd. | 301,140 | 5,120 |
| | TechnoPro Holdings Inc. | 213,188 | 5,114 |
| | Open House Co. Ltd. | 142,783 | 5,079 |
| | Kawasaki Heavy Industries Ltd. | 295,447 | 5,025 |
| | Keihan Holdings Co. Ltd. | 194,935 | 5,015 |
| | Zensho Holdings Co. Ltd. | 199,928 | 4,990 |
| | Japan Prime Realty Investment Corp. | 1,819 | 4,940 |
| | NH Foods Ltd. | 206,878 | 4,930 |
| | Santen Pharmaceutical Co. Ltd. | 718,000 | 4,913 |
| | NSK Ltd. | 927,358 | 4,901 |
| | Nabtesco Corp. | 230,243 | 4,890 |
| | Skylark Holdings Co. Ltd. | 456,464 | 4,869 |
| | Rinnai Corp. | 71,016 | 4,834 |
| | Kuraray Co. Ltd. | 698,479 | 4,803 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Yamada Denki Co. Ltd. | 1,483,917 | 4,782 |
| | Japan Hotel REIT Investment Corp. | 8,956 | 4,719 |
| | Kyushu Electric Power Co. Inc. | 951,668 | 4,712 |
| | Kansai Paint Co. Ltd. | 358,502 | 4,678 |
| | ZOZO Inc. | 220,256 | 4,673 |
| | Electric Power Development Co. Ltd. | 334,606 | 4,654 |
| | NOF Corp. | 134,650 | 4,631 |
| | Nippon Sanso Holdings Corp. | 290,856 | 4,631 |
| | Mitsubishi Gas Chemical Co. Inc. | 362,979 | 4,612 |
| * | Japan Airport Terminal Co. Ltd. | 106,783 | 4,570 |
| | Kakaku.com Inc. | 268,711 | 4,545 |
| | SCREEN Holdings Co. Ltd. | 82,621 | 4,535 |
| | Amada Co. Ltd. | 644,485 | 4,533 |
| | Sekisui House REIT Inc. | 8,270 | 4,456 |
| | Itochu Techno-Solutions Corp. | 190,326 | 4,412 |
| | Nankai Electric Railway Co. Ltd. | 217,938 | 4,409 |
| | Ryohin Keikaku Co. Ltd. | 467,146 | 4,396 |
| | Koei Tecmo Holdings Co. Ltd. | 290,100 | 4,377 |
| | Sumitomo Forestry Co. Ltd. | 278,670 | 4,359 |
| | Activia Properties Inc. | 1,452 | 4,301 |
| | Aozora Bank Ltd. | 248,374 | 4,272 |
| * | Mitsubishi Motors Corp. | 1,264,064 | 4,258 |
| | Sega Sammy Holdings Inc. | 332,668 | 4,255 |
| | Sumitomo Heavy Industries Ltd. | 224,201 | 4,250 |
| | THK Co. Ltd. | 243,721 | 4,250 |
| | Hitachi Construction Machinery Co. Ltd. | 216,639 | 4,238 |
| | Tsuruha Holdings Inc. | 72,651 | 4,221 |
| | Tokyo Century Corp. | 123,711 | 4,219 |
| | Denka Co. Ltd. | 181,241 | 4,199 |
| | Welcia Holdings Co. Ltd. | 199,148 | 4,162 |
| | Yokohama Rubber Co. Ltd. | 261,963 | 4,096 |
| | Ito En Ltd. | 115,523 | 4,069 |
| | Tohoku Electric Power Co. Inc. | 959,080 | 4,029 |
| | Hakuhodo DY Holdings Inc. | 477,698 | 4,025 |
| | Air Water Inc. | 360,314 | 4,023 |
| | Miura Co. Ltd. | 197,450 | 4,021 |
| | Alfresa Holdings Corp. | 347,613 | 4,002 |
| | J Front Retailing Co. Ltd. | 494,656 | 3,998 |
| | Industrial & Infrastructure Fund Investment Corp. | 3,770 | 3,982 |
| | Hitachi Transport System Ltd. | 65,946 | 3,947 |
| | Mebuki Financial Group Inc. | 2,029,873 | 3,947 |
| | Ulvac Inc. | 99,846 | 3,936 |
| | Nippon Accommodations Fund Inc. | 922 | 3,926 |
| | | Shares | Market
Value•
($000) |
| | Iida Group Holdings Co. Ltd. | 281,911 | 3,914 |
| | SHO-BOND Holdings Co. Ltd. | 90,457 | 3,913 |
| | Cosmo Energy Holdings Co. Ltd. | 149,426 | 3,849 |
| | Nifco Inc. | 164,879 | 3,829 |
| | Japan Logistics Fund Inc. | 1,774 | 3,801 |
| | LaSalle Logiport REIT | 3,552 | 3,791 |
| | Seibu Holdings Inc. | 422,808 | 3,785 |
| | Casio Computer Co. Ltd. | 434,908 | 3,780 |
| | Goldwin Inc. | 71,701 | 3,744 |
| | Iwatani Corp. | 101,100 | 3,723 |
| | AEON REIT Investment Corp. | 3,430 | 3,693 |
| | Kamigumi Co. Ltd. | 193,903 | 3,687 |
| | SCSK Corp. | 248,909 | 3,672 |
| | Medipal Holdings Corp. | 296,057 | 3,671 |
| | Hisamitsu Pharmaceutical Co. Inc. | 144,696 | 3,570 |
| | Shimamura Co. Ltd. | 43,667 | 3,531 |
| | Mitsui Fudosan Logistics Park Inc. | 1,064 | 3,530 |
| | Teijin Ltd. | 386,658 | 3,510 |
| | Alps Alpine Co. Ltd. | 408,107 | 3,506 |
| | Kenedix Office Investment Corp. | 1,536 | 3,499 |
| | COMSYS Holdings Corp. | 213,389 | 3,496 |
| | Takashimaya Co. Ltd. | 282,426 | 3,494 |
| | Mori Hills REIT Investment Corp. | 3,178 | 3,481 |
| | Food & Life Cos. Ltd. | 206,000 | 3,465 |
| | Internet Initiative Japan Inc. | 220,500 | 3,461 |
| | Oracle Corp. Japan | 64,751 | 3,449 |
| | Frontier Real Estate Investment Corp. | 977 | 3,449 |
| | Cosmos Pharmaceutical Corp. | 35,363 | 3,420 |
| * | SHIFT Inc. | 21,900 | 3,420 |
| * | Park24 Co. Ltd. | 255,689 | 3,408 |
| | Zenkoku Hosho Co. Ltd. | 102,268 | 3,375 |
| | Sanwa Holdings Corp. | 389,072 | 3,352 |
| | Kadokawa Corp. | 186,500 | 3,339 |
| | Toyo Seikan Group Holdings Ltd. | 290,438 | 3,322 |
| | Mitsubishi Materials Corp. | 254,000 | 3,320 |
| | NET One Systems Co. Ltd. | 161,156 | 3,310 |
| | Credit Saison Co. Ltd. | 309,090 | 3,304 |
| | Kewpie Corp. | 209,153 | 3,302 |
| | Sohgo Security Services Co. Ltd. | 132,044 | 3,292 |
| | Nihon Kohden Corp. | 146,820 | 3,288 |
| | Toho Gas Co. Ltd. | 176,368 | 3,286 |
| | Shinko Electric Industries Co. Ltd. | 136,500 | 3,280 |
| | Suzuken Co. Ltd. | 146,009 | 3,251 |
| | Taiheiyo Cement Corp. | 238,346 | 3,239 |
| | Taisho Pharmaceutical Holdings Co. Ltd. | 89,378 | 3,224 |
| | Nagase & Co. Ltd. | 236,041 | 3,216 |
| | INFRONEER Holdings Inc. | 462,845 | 3,209 |
| | JTEKT Corp. | 454,064 | 3,206 |
| | | Shares | Market
Value•
($000) |
| | Tokyo Ohka Kogyo Co. Ltd. | 73,978 | 3,189 |
| | Horiba Ltd. | 77,395 | 3,175 |
| | Daiwa Securities Living Investments Corp. | 4,091 | 3,175 |
| | Nichirei Corp. | 203,820 | 3,170 |
| | Kaneka Corp. | 124,236 | 3,081 |
| | Jeol Ltd. | 84,000 | 3,074 |
| | Sumitomo Rubber Industries Ltd. | 357,643 | 3,068 |
| | Mitsubishi Logistics Corp. | 139,474 | 3,061 |
| | Lawson Inc. | 95,758 | 3,059 |
| | Kagome Co. Ltd. | 152,125 | 3,040 |
| | Sanrio Co. Ltd. | 113,600 | 3,029 |
| | Sundrug Co. Ltd. | 130,270 | 3,029 |
| | Relo Group Inc. | 213,006 | 3,002 |
| | DIC Corp. | 177,630 | 2,982 |
| | Ship Healthcare Holdings Inc. | 153,702 | 2,948 |
| | Sapporo Holdings Ltd. | 133,019 | 2,934 |
| | Daicel Corp. | 513,623 | 2,931 |
| | Nishi-Nippon Railroad Co. Ltd. | 149,357 | 2,929 |
| | Dowa Holdings Co. Ltd. | 91,614 | 2,909 |
| | Calbee Inc. | 144,595 | 2,904 |
| | Hachijuni Bank Ltd. | 905,177 | 2,887 |
| | Chugoku Electric Power Co. Inc. | 608,429 | 2,854 |
| | Sankyu Inc. | 95,425 | 2,845 |
| | Sugi Holdings Co. Ltd. | 70,728 | 2,837 |
| | Pigeon Corp. | 216,182 | 2,832 |
| | Sankyo Co. Ltd. | 85,760 | 2,832 |
| | Penta-Ocean Construction Co. Ltd. | 569,097 | 2,830 |
| | EXEO Group Inc. | 192,019 | 2,813 |
| | Nihon Unisys Ltd. | 128,893 | 2,784 |
| | Konica Minolta Inc. | 906,562 | 2,762 |
| | Kobe Steel Ltd. | 672,167 | 2,756 |
| | Tsumura & Co. | 131,690 | 2,751 |
| | Ube Industries Ltd. | 212,376 | 2,739 |
| | House Foods Group Inc. | 144,282 | 2,698 |
| | Mabuchi Motor Co. Ltd. | 99,195 | 2,692 |
| | Nippon Kayaku Co. Ltd. | 332,576 | 2,642 |
| | Anritsu Corp. | 261,960 | 2,637 |
| | Iyogin Holdings Inc. | 560,694 | 2,631 |
| | Fancl Corp. | 138,047 | 2,615 |
| | Nippon Electric Glass Co. Ltd. | 150,779 | 2,611 |
| | Japan Steel Works Ltd. | 125,900 | 2,600 |
| | Coca-Cola Bottlers Japan Holdings Inc. | 286,504 | 2,589 |
| | Daiwa Office Investment Corp. | 547 | 2,584 |
| | Tokai Carbon Co. Ltd. | 395,543 | 2,581 |
| | Aeon Mall Co. Ltd. | 236,172 | 2,569 |
| | Fujitsu General Ltd. | 111,947 | 2,555 |
| | Kinden Corp. | 245,940 | 2,503 |
| | Sharp Corp. | 415,690 | 2,493 |
| | Fuyo General Lease Co. Ltd. | 44,734 | 2,486 |
| * | Money Forward Inc. | 87,720 | 2,482 |
| | Hirogin Holdings Inc. | 596,784 | 2,462 |
| | Yamazaki Baking Co. Ltd. | 239,270 | 2,438 |
| | Takara Holdings Inc. | 349,780 | 2,433 |
| | DMG Mori Co. Ltd. | 209,365 | 2,423 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | K's Holdings Corp | 307,833 | 2,412 |
| | Aica Kogyo Co. Ltd. | 112,162 | 2,411 |
| | Toyoda Gosei Co. Ltd. | 150,120 | 2,400 |
| | Toyo Tire Corp. | 203,958 | 2,393 |
| | Toda Corp. | 475,259 | 2,375 |
| | Seven Bank Ltd. | 1,316,281 | 2,374 |
| | Sumitomo Dainippon Pharma Co. Ltd. | 340,247 | 2,370 |
| | DeNA Co. Ltd. | 181,282 | 2,364 |
| 1 | Mitsui High-Tec Inc. | 45,600 | 2,357 |
| | Zeon Corp. | 278,553 | 2,348 |
| | GS Yuasa Corp. | 153,225 | 2,333 |
| | Nippon Shokubai Co. Ltd. | 64,900 | 2,328 |
| | ABC-Mart Inc. | 52,021 | 2,319 |
| | Yamaguchi Financial Group Inc. | 440,257 | 2,318 |
| | Sotetsu Holdings Inc. | 152,799 | 2,314 |
| | Rengo Co. Ltd. | 415,597 | 2,309 |
| | Ushio Inc. | 218,824 | 2,272 |
| | Ain Holdings Inc. | 53,912 | 2,265 |
| * | Hino Motors Ltd. | 543,802 | 2,260 |
| | Bic Camera Inc. | 289,689 | 2,252 |
| | SMS Co. Ltd. | 97,899 | 2,246 |
| | Daiichikosho Co. Ltd. | 78,033 | 2,237 |
| | AEON Financial Service Co. Ltd. | 227,874 | 2,230 |
| | Ezaki Glico Co. Ltd. | 98,818 | 2,223 |
| | Mitsui Mining & Smelting Co. Ltd. | 110,045 | 2,223 |
| | Amano Corp. | 129,450 | 2,215 |
| | Maruichi Steel Tube Ltd. | 116,741 | 2,204 |
| | Sawai Group Holdings Co. Ltd. | 75,802 | 2,188 |
| | Katitas Co. Ltd. | 96,200 | 2,153 |
| | FP Corp. | 89,403 | 2,127 |
| | Morinaga Milk Industry Co. Ltd. | 74,837 | 2,123 |
| | Seino Holdings Co. Ltd. | 274,626 | 2,110 |
| | Rakus Co. Ltd | 189,538 | 2,105 |
| | TS Tech Co. Ltd. | 201,236 | 2,104 |
| | Benesse Holdings Inc. | 139,609 | 2,060 |
| | As One Corp. | 48,256 | 2,058 |
| | Chugin Financial Group Inc. | 336,372 | 2,028 |
| | Kokuyo Co. Ltd. | 160,913 | 1,996 |
| | Resorttrust Inc. | 128,799 | 1,982 |
| | H.U. Group Holdings Inc. | 105,884 | 1,971 |
| * | RENOVA Inc. | 89,700 | 1,969 |
| | Canon Marketing Japan Inc. | 92,718 | 1,957 |
| * | PeptiDream Inc. | 178,534 | 1,953 |
| | Kotobuki Spirits Co. Ltd. | 37,837 | 1,940 |
| | OSG Corp. | 151,240 | 1,923 |
| | OKUMA Corp. | 57,363 | 1,920 |
| | GMO internet Inc. | 110,882 | 1,912 |
| | Takeda Pharmaceutical Co. Ltd. ADR | 143,896 | 1,902 |
| | Yamato Kogyo Co. Ltd. | 65,315 | 1,897 |
| | Heiwa Corp. | 116,959 | 1,887 |
| | Morinaga & Co. Ltd. | 75,346 | 1,885 |
| | Kyushu Financial Group Inc. | 742,476 | 1,877 |
| | Furukawa Electric Co. Ltd. | 120,274 | 1,856 |
| | Yaoko Co. Ltd. | 42,401 | 1,845 |
| | NOK Corp. | 223,539 | 1,829 |
| | | Shares | Market
Value•
($000) |
| | Descente Ltd. | 75,300 | 1,807 |
| | Mani Inc. | 123,238 | 1,795 |
| | Sumitomo Bakelite Co. Ltd. | 66,279 | 1,794 |
| | NHK Spring Co. Ltd. | 322,386 | 1,786 |
| | Daido Steel Co. Ltd. | 68,655 | 1,780 |
| 1 | Shinsei Bank Ltd. | 119,571 | 1,779 |
| | Menicon Co. Ltd. | 103,200 | 1,762 |
| | PALTAC Corp. | 61,960 | 1,760 |
| | Nipro Corp. | 228,066 | 1,719 |
| | JCR Pharmaceuticals Co. Ltd. | 112,116 | 1,666 |
| | Acom Co. Ltd. | 757,217 | 1,654 |
| | Pola Orbis Holdings Inc. | 148,470 | 1,640 |
| | Kaken Pharmaceutical Co. Ltd. | 63,744 | 1,632 |
| | Benefit One Inc. | 116,568 | 1,613 |
| | OBIC Business Consultants Co. Ltd. | 55,691 | 1,601 |
| | Kyudenko Corp. | 75,161 | 1,594 |
| | Izumi Co. Ltd. | 77,928 | 1,572 |
| * | Shochiku Co. Ltd. | 19,696 | 1,563 |
| | Toyota Boshoku Corp. | 119,265 | 1,518 |
| | Kusuri no Aoki Holdings Co. Ltd. | 31,090 | 1,499 |
| | Fuji Kyuko Co. Ltd. | 47,800 | 1,478 |
| | Fuji Oil Holdings Inc. | 92,974 | 1,464 |
| | Shikoku Electric Power Co. Inc. | 303,387 | 1,460 |
| | NEC Networks & System Integration Corp. | 132,456 | 1,419 |
| | Lintec Corp. | 93,095 | 1,397 |
| | NS Solutions Corp. | 60,676 | 1,395 |
| | Japan Aviation Electronics Industry Ltd. | 89,381 | 1,391 |
| | Justsystems Corp. | 65,737 | 1,383 |
| | Information Services International-Dentsu Ltd. | 44,900 | 1,373 |
| | Itoham Yonekyu Holdings Inc. | 306,217 | 1,369 |
| | Kandenko Co. Ltd. | 236,663 | 1,330 |
| | Noevir Holdings Co. Ltd. | 35,888 | 1,327 |
| | Ariake Japan Co. Ltd. | 37,834 | 1,311 |
| | Toshiba TEC Corp. | 45,861 | 1,187 |
| | Daio Paper Corp. | 160,200 | 1,182 |
| | Matsui Securities Co. Ltd. | 199,821 | 1,064 |
| | Takara Bio Inc. | 90,361 | 1,057 |
| | JMDC Inc. | 28,100 | 995 |
| | GungHo Online Entertainment Inc. | 66,675 | 986 |
| | Orient Corp. | 118,574 | 960 |
| | TBS Holdings Inc. | 83,617 | 866 |
| | Maruwa Unyu Kikan Co. Ltd. | 80,800 | 768 |
| | ASKUL Corp. | 73,422 | 767 |
| | Fuji Media Holdings Inc. | 87,309 | 607 |
| | Nippon Television Holdings Inc. | 46,351 | 346 |
| | | | 6,717,189 |
| Kuwait (0.3%) |
| | National Bank of Kuwait SAKP | 14,489,206 | 50,424 |
| | Kuwait Finance House KSCP | 15,755,574 | 41,206 |
| | | Shares | Market
Value•
($000) |
| | Mobile Telecommunications Co. KSCP | 4,256,339 | 8,227 |
| | Agility Public Warehousing Co. KSC | 3,040,369 | 7,699 |
| | Boubyan Bank KSCP | 2,322,491 | 6,176 |
| | Gulf Bank KSCP | 3,481,437 | 3,853 |
| | Mabanee Co. KPSC | 1,265,310 | 3,560 |
| | Boubyan Petrochemicals Co. KSCP | 803,985 | 2,069 |
| | Humansoft Holding Co. KSC | 177,747 | 1,929 |
| | Burgan Bank SAK | 1,767,662 | 1,244 |
| | | | 126,387 |
| Malaysia (0.5%) |
| | Public Bank Bhd. | 28,816,995 | 27,252 |
| | Malayan Banking Bhd. | 14,379,200 | 26,121 |
| | CIMB Group Holdings Bhd. | 13,495,173 | 15,764 |
| | Tenaga Nasional Bhd. | 6,563,000 | 11,687 |
| | Petronas Chemicals Group Bhd. | 5,707,068 | 10,522 |
| | Sime Darby Plantation Bhd. | 7,275,505 | 6,774 |
| | Press Metal Aluminium Holdings Bhd. | 7,124,200 | 6,558 |
| | Hong Leong Bank Bhd. | 1,260,300 | 5,649 |
| | Axiata Group Bhd. | 9,184,424 | 5,527 |
| | IOI Corp. Bhd. | 6,356,665 | 5,486 |
| | Ihh Healthcare Bhd. | 4,273,600 | 5,379 |
| | MISC Bhd. | 3,484,535 | 5,332 |
| | DiGi.Com Bhd. | 6,295,266 | 5,049 |
| | PPB Group Bhd. | 1,355,260 | 4,786 |
| | Genting Bhd. | 4,561,700 | 4,287 |
| | Petronas Gas | 1,145,450 | 4,143 |
| | Kuala Lumpur Kepong Bhd. | 868,500 | 3,976 |
| | RHB Bank Bhd. | 3,250,900 | 3,937 |
| | Gamuda Bhd. | 4,650,500 | 3,784 |
| | AMMB Holdings Bhd. | 4,205,800 | 3,639 |
| | Dialog Group Bhd. | 8,330,900 | 3,631 |
| | Nestle Malaysia Bhd. | 120,300 | 3,384 |
| | Sime Darby Bhd. | 7,068,005 | 3,365 |
| | Maxis Bhd. | 3,987,200 | 3,245 |
| | Genting Malaysia Bhd. | 5,536,200 | 3,212 |
| | Telekom Malaysia Bhd. | 2,281,057 | 2,683 |
| | Petronas Dagangan Bhd. | 519,900 | 2,386 |
| | QL Resources Bhd. | 2,137,600 | 2,316 |
| * | Malaysia Airports Holdings Bhd. | 1,748,700 | 2,211 |
| | IJM Corp. Bhd. | 6,110,840 | 2,105 |
| 3 | MR DIY Group M Bhd | 4,417,700 | 1,889 |
| | Hong Leong Financial Group Bhd. | 438,335 | 1,771 |
| | Alliance Bank Malaysia Bhd. | 2,232,600 | 1,747 |
| | Top Glove Corp. Bhd. | 10,196,000 | 1,716 |
| | Hartalega Holdings Bhd. | 3,285,100 | 1,500 |
| | YTL Corp. Bhd. | 9,555,924 | 1,142 |
| | Westports Holdings Bhd. | 1,421,296 | 1,008 |
| | Fraser & Neave Holdings Bhd. | 211,000 | 916 |
| | British American Tobacco Malaysia Bhd. | 272,600 | 607 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Astro Malaysia Holdings Bhd. | 3,131,768 | 447 |
| | FGV Holdings Bhd. | 1,366,400 | 381 |
| | | | 207,314 |
| Mexico (0.8%) |
| | America Movil SAB de CV Series L | 58,192,093 | 55,070 |
| | Grupo Financiero Banorte SAB de CV Class O | 5,872,018 | 47,731 |
| | Wal-Mart de Mexico SAB de CV | 10,487,297 | 40,508 |
| | Fomento Economico Mexicano SAB de CV | 3,716,927 | 26,682 |
| | Grupo Mexico SAB de CV Series B | 6,442,533 | 23,357 |
| | Grupo Bimbo SAB de CV Series A | 4,505,640 | 17,445 |
| | Grupo Aeroportuario del Pacifico SAB de CV Class B | 700,127 | 10,845 |
| | Grupo Aeroportuario del Sureste SAB de CV Class B | 412,205 | 9,647 |
| * | Grupo Financiero Inbursa SAB de CV Class O | 4,013,949 | 7,409 |
| | Arca Continental SAB de CV | 891,683 | 7,304 |
| | Fibra Uno Administracion SA de CV | 6,132,089 | 7,156 |
| | Coca-Cola Femsa SAB de CV | 1,063,134 | 6,697 |
| | Grupo Elektra SAB de CV | 128,462 | 6,446 |
| * | Cemex SAB de CV ADR | 1,534,247 | 5,922 |
| * | Cemex SAB de CV | 14,550,677 | 5,655 |
| | Grupo Televisa SAB | 5,014,961 | 5,321 |
| | Alfa SAB de CV Class A | 7,305,575 | 4,849 |
| | Gruma SAB de CV Class B | 392,078 | 4,548 |
| | Grupo Aeroportuario del Centro Norte SAB de CV Class B | 550,612 | 4,386 |
| 3 | Banco del Bajio SA | 1,409,643 | 3,976 |
| | Grupo Comercial Chedraui SA de CV | 913,848 | 3,683 |
| | Grupo Carso SAB de CV | 902,345 | 3,636 |
| | Orbia Advance Corp. SAB de CV | 1,984,479 | 3,350 |
| | Regional SAB de CV | 479,148 | 3,348 |
| | Promotora y Operadora de Infraestructura SAB de CV | 439,652 | 3,307 |
| | Prologis Property Mexico SA de CV | 1,220,678 | 3,135 |
| | Industrias Penoles SAB de CV | 248,666 | 2,821 |
| | Operadora De Sites Mexicanos SAB de CV | 2,469,911 | 2,688 |
| | Kimberly-Clark de Mexico SAB de CV Class A | 1,691,726 | 2,669 |
| | Becle SAB de CV | 1,101,483 | 2,330 |
| | El Puerto de Liverpool SAB de CV Class C1 | 395,010 | 2,025 |
| | GCC SAB de CV | 318,800 | 1,979 |
| | | Shares | Market
Value•
($000) |
| * | Controladora Vuela Cia de Aviacion SAB de CV Class A | 1,822,700 | 1,549 |
| | Qualitas Controladora SAB de CV | 330,349 | 1,298 |
| | Industrias Bachoco SAB de CV Class B | 306,330 | 1,251 |
| | Megacable Holdings SAB de CV | 581,495 | 1,221 |
| | Alpek SAB de CV | 745,131 | 1,044 |
| * | Sitios Latinoamerica SAB de CV | 2,838,290 | 828 |
| | Concentradora Fibra Danhos SA de CV | 464,214 | 574 |
| | | | 343,690 |
| Netherlands (2.6%) |
| | ASML Holding NV | 820,319 | 384,801 |
| *,3 | Adyen NV | 59,877 | 85,480 |
| | ING Groep NV | 7,702,547 | 75,790 |
| | Prosus NV | 1,735,197 | 75,033 |
| | Koninklijke Ahold Delhaize NV | 2,060,847 | 57,474 |
| | Wolters Kluwer NV | 525,888 | 55,880 |
| | Koninklijke DSM NV | 353,833 | 41,622 |
| | Heineken NV | 485,110 | 40,523 |
| | Universal Music Group NV | 1,521,041 | 29,866 |
| | NN Group NV | 607,306 | 25,715 |
| | ArcelorMittal SA | 1,063,171 | 23,766 |
| | Koninklijke Philips NV | 1,808,529 | 22,941 |
| | Akzo Nobel NV | 360,695 | 22,268 |
| | ASM International NV | 93,735 | 20,736 |
| | Koninklijke KPN NV | 6,649,159 | 18,598 |
| 1 | Aegon NV | 3,624,185 | 16,777 |
| | IMCD NV | 116,326 | 15,087 |
| | Heineken Holding NV | 215,934 | 14,734 |
| | EXOR NV (XAMS) | 206,213 | 13,858 |
| | ASR Nederland NV | 286,635 | 12,621 |
| | Randstad NV | 222,786 | 11,103 |
| * | Unibail-Rodamco-Westfield | 208,898 | 9,872 |
| 3 | ABN AMRO Bank NV GDR | 839,060 | 8,248 |
| | BE Semiconductor Industries NV | 160,931 | 8,202 |
| | OCI NV | 197,360 | 7,549 |
| 3 | Signify NV | 255,606 | 7,082 |
| | Aalberts NV | 195,358 | 6,777 |
| *,3 | Just Eat Takeaway.com NV | 370,912 | 6,365 |
| | JDE Peet's NV | 166,325 | 4,761 |
| | Allfunds Group plc | 688,387 | 4,329 |
| * | InPost SA | 424,097 | 2,703 |
| | Koninklijke Vopak NV | 131,066 | 2,678 |
| * | EXOR NV | 25,454 | 1,711 |
| 3 | CTP NV | 138,268 | 1,434 |
| | | | 1,136,384 |
| New Zealand (0.2%) |
| | Fisher & Paykel Healthcare Corp. Ltd. | 1,162,801 | 13,215 |
| | Spark New Zealand Ltd. | 3,842,221 | 11,437 |
| * | Auckland International Airport Ltd. | 2,422,164 | 10,828 |
| | Infratil Ltd. | 1,467,974 | 7,454 |
| | Meridian Energy Ltd. | 2,560,717 | 7,259 |
| | Mainfreight Ltd. | 163,457 | 7,224 |
| | EBOS Group Ltd. | 326,019 | 7,107 |
| | Contact Energy Ltd. | 1,562,351 | 6,853 |
| * | a2 Milk Co. Ltd. | 1,487,748 | 5,012 |
| | Fletcher Building Ltd. | 1,587,093 | 4,739 |
| | Mercury NZ Ltd. | 1,375,599 | 4,651 |
| | | Shares | Market
Value•
($000) |
| | Ryman Healthcare Ltd. | 845,652 | 4,119 |
| * | SKYCITY Entertainment Group Ltd. | 1,492,401 | 2,516 |
| | Kiwi Property Group Ltd. | 3,056,731 | 1,605 |
| * | Air New Zealand Ltd. | 3,142,896 | 1,426 |
| | | | 95,445 |
| Norway (0.6%) |
| | Equinor ASA | 1,906,883 | 69,475 |
| | DNB Bank ASA | 2,083,183 | 36,845 |
| | Aker BP ASA (XOSL) | 625,785 | 19,879 |
| | Norsk Hydro ASA | 2,729,894 | 17,325 |
| | Yara International ASA | 330,718 | 14,760 |
| | Mowi ASA | 903,393 | 13,484 |
| | Telenor ASA | 1,295,645 | 11,775 |
| | Orkla ASA | 1,547,221 | 10,436 |
| | TOMRA Systems ASA | 475,055 | 7,673 |
| | Gjensidige Forsikring ASA | 343,471 | 6,278 |
| | Kongsberg Gruppen ASA | 150,749 | 5,406 |
| * | Nordic Semiconductor ASA | 323,082 | 4,561 |
| * | Adevinta ASA | 559,231 | 3,828 |
| | Salmar ASA | 109,484 | 3,712 |
| | Aker ASA Class A | 48,161 | 3,398 |
| | Schibsted ASA Class B | 208,894 | 3,106 |
| | Var Energi ASA | 822,438 | 2,796 |
| | Leroy Seafood Group ASA | 524,709 | 2,416 |
| | Schibsted ASA Class A | 149,824 | 2,312 |
| *,3 | AutoStore Holdings Ltd. | 1,192,070 | 2,253 |
| | | | 241,718 |
| Pakistan (0.0%) |
| | Fauji Fertilizer Co. Ltd. | 1,224,622 | 573 |
| | Oil & Gas Development Co. Ltd. | 1,346,667 | 428 |
| | Habib Bank Ltd. | 1,334,725 | 422 |
| | Pakistan Petroleum Ltd. | 1,225,773 | 286 |
| | | | 1,709 |
| Philippines (0.2%) |
| | SM Prime Holdings Inc. | 21,702,823 | 11,852 |
| | Bdo Unibank Inc. | 4,019,281 | 8,884 |
| | Ayala Land Inc. | 16,252,201 | 7,213 |
| | International Container Terminal Services Inc. | 2,251,595 | 6,750 |
| | Ayala Corp. | 573,587 | 6,656 |
| | Bank of The Philippines Islands | 3,605,258 | 5,996 |
| | PLDT Inc. | 184,946 | 5,215 |
| | JG Summit Holdings Inc. | 6,144,320 | 4,599 |
| | Universal Robina Corp. | 1,754,029 | 3,711 |
| | Jollibee Foods Corp. | 837,238 | 3,358 |
| | Metropolitan Bank & Trust Co. | 3,623,396 | 3,253 |
| 3 | Monde Nissin Corp. | 14,496,900 | 2,939 |
| | Manila Electric Co. | 532,198 | 2,775 |
| | Globe Telecom Inc. | 62,943 | 2,538 |
| | Aboitiz Power Corp. | 3,068,511 | 1,681 |
| * | Emperador Inc. | 4,691,800 | 1,588 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Semirara Mining & Power Corp. Class A | 2,425,100 | 1,474 |
| | Metro Pacific Investments Corp. | 22,180,466 | 1,403 |
| | GT Capital Holdings Inc. | 195,798 | 1,400 |
| | DMCI Holdings Inc. | 8,305,978 | 1,369 |
| | AC Energy Corp. | 12,534,841 | 1,363 |
| | San Miguel Corp. | 732,025 | 1,217 |
| | Alliance Global Group Inc. | 7,504,048 | 1,171 |
| * | Converge Information and Communications Technology Solutions Inc. | 4,811,500 | 1,030 |
| | Puregold Price Club Inc. | 1,939,592 | 1,006 |
| | Megaworld Corp. | 22,608,985 | 816 |
| * | Bloomberry Resorts Corp. | 6,650,441 | 809 |
| | LT Group Inc. | 5,394,616 | 754 |
| | San Miguel Food and Beverage Inc. | 833,868 | 527 |
| | | | 93,347 |
| Poland (0.1%) |
| | Polski Koncern Naftowy ORLEN SA | 852,610 | 9,791 |
| | Powszechna Kasa Oszczednosci Bank Polski SA | 1,750,352 | 9,538 |
| | Powszechny Zaklad Ubezpieczen SA | 1,144,215 | 6,410 |
| *,3 | Dino Polska SA | 97,861 | 6,388 |
| | KGHM Polska Miedz SA | 276,893 | 5,536 |
| | Bank Polska Kasa Opieki SA | 317,650 | 5,206 |
| | LPP SA | 2,277 | 3,945 |
| * | Polskie Gornictwo Naftowe i Gazownictwo SA | 3,571,113 | 3,797 |
| *,1,3 | Allegro.eu SA | 773,738 | 3,753 |
| | Santander Bank Polska SA | 59,869 | 3,179 |
| *,3 | Pepco Group NV | 212,496 | 1,493 |
| | | | 59,036 |
| Portugal (0.1%) |
| | EDP - Energias de Portugal SA | 5,763,316 | 25,182 |
| | Jeronimo Martins SGPS SA | 559,036 | 11,568 |
| | Galp Energia SGPS SA | 1,053,093 | 10,692 |
| | EDP Renovaveis SA | 494,073 | 10,397 |
| | | | 57,839 |
| Qatar (0.4%) |
| | Qatar National Bank QPSC | 9,043,179 | 49,517 |
| | Qatar Islamic Bank SAQ | 3,664,216 | 24,519 |
| | Industries Qatar QSC | 3,214,940 | 13,917 |
| | Masraf Al Rayan QSC | 12,624,650 | 13,302 |
| | Commercial Bank PSQC | 6,882,632 | 11,897 |
| | Qatar International Islamic Bank QSC | 2,348,823 | 7,461 |
| | Qatar Fuel QSC | 1,183,913 | 6,203 |
| | Qatar Gas Transport Co. Ltd. | 5,486,479 | 6,177 |
| | Mesaieed Petrochemical Holding Co. | 8,749,632 | 5,457 |
| | | Shares | Market
Value•
($000) |
| | Qatar Electricity & Water Co. QSC | 919,229 | 4,669 |
| | Ooredoo QPSC | 1,636,414 | 4,387 |
| | Barwa Real Estate Co. | 3,756,394 | 3,505 |
| | Qatar Navigation QSC | 1,110,708 | 3,128 |
| | Doha Bank QPSC | 4,658,619 | 2,821 |
| | Qatar Aluminum Manufacturing Co. | 5,440,113 | 2,420 |
| | Qatar Insurance Co. SAQ | 3,237,818 | 1,919 |
| | Vodafone Qatar QSC | 3,441,163 | 1,582 |
| | United Development Co. QSC | 3,474,562 | 1,367 |
| * | Ezdan Holding Group QSC | 3,127,081 | 1,034 |
| | | | 165,282 |
| Romania (0.0%) |
| | Banca Transilvania SA | 1,149,736 | 3,937 |
| | OMV Petrom SA (XAMS) | 28,670,871 | 2,608 |
| | Societatea Nationala Nuclearelectrica SA | 101,922 | 825 |
| | One United Properties SA | 2,226,536 | 553 |
| * | MED Life SA | 159,533 | 525 |
| * | OMV Petrom SA | 2,854,297 | 260 |
| | | | 8,708 |
| Russia (0.0%) |
| *,2 | VTB Bank PJSC | 5,529,218,867 | 1 |
| *,2 | Inter Rao Ues PJSC | 68,280,500 | — |
| 2 | Polyus PJSC (Registered) GDR | 78,591 | — |
| 2 | MMC Norilsk Nickel PJSC ADR | 724,348 | — |
| *,2 | Sberbank of Russia PJSC ADR (XLON) | 1,096,646 | — |
| *,2 | Sberbank of Russia PJSC | 15,141,656 | — |
| *,2 | Mobile TeleSystems PJSC ADR | 289,221 | — |
| *,2 | Moscow Exchange MICEX-RTS PJSC | 2,697,004 | — |
| 2 | Rosneft Oil Co. PJSC (Registered) GDR | 1,744,072 | — |
| 2 | Magnit PJSC GDR (Registered) | 375,829 | — |
| 2 | MMC Norilsk Nickel PJSC | 22,643 | — |
| *,2 | Sberbank of Russia PJSC ADR | 2,249 | — |
| 2 | LUKOIL PJSC ADR | 509,946 | — |
| *,2 | Gazprom PJSC ADR | 6,827,148 | — |
| *,2 | Surgutneftegas PJSC ADR | 1,031,634 | — |
| 2 | Severstal PAO GDR (Registered) | 297,905 | — |
| 2 | Tatneft PJSC ADR | 403,718 | — |
| *,2 | VTB Bank PJSC GDR (Registered) | 1,904,444 | — |
| *,1,2 | Rostelecom PJSC ADR | 98,835 | — |
| *,2 | Alrosa PJSC | 4,689,820 | — |
| 2 | PhosAgro PJSC | 16,169 | — |
| *,2 | United Co. Rusal International | 4,778,250 | — |
| *,2 | Sistema PJSFC GDR (Registered) | 185,097 | — |
| 2 | Unipro PJSC | 22,147,100 | — |
| *,2 | Polyus PJSC | 13,891 | — |
| 2 | Raspadskaya OJSC | 120,950 | — |
| *,2 | RusHydro PJSC | 217,254,634 | — |
| *,2 | Aeroflot PJSC | 1,875,381 | — |
| 2 | Rostelecom PJSC | 1,223,758 | — |
| | | Shares | Market
Value•
($000) |
| 2 | Tatneft PJSC | 470,953 | — |
| 2 | Novolipetskiy Metallurgicheskiy Kombinat PJSC | 2,190,647 | — |
| 2 | Mobile TeleSystems PJSC | 1,107,812 | — |
| 2 | Magnit PJSC | 66,366 | — |
| 2 | Novatek PJSC | 2,025,468 | — |
| 2 | Gazprom PJSC | 6,439,237 | — |
| *,2 | Mosenergo PJSC | 17,082,000 | — |
| 2 | Transneft PJSC Preference Shares | 2,923 | — |
| *,2 | Federal Grid Co. | 489,926,667 | — |
| 2 | Lukoil PJSC | 221,305 | — |
| 2 | M Video PJSC | 79,232 | — |
| 2 | Rosneft Oil Co. PJSC | 466,895 | — |
| 2 | Magnitogorsk Iron & Steel Works PJSC | 3,955,368 | — |
| 2 | Tatneft PJSC Preference Shares | 191,100 | — |
| *,2 | ROSSETI PJSC | 54,338,896 | — |
| 2 | Bashneft PJSC Preference Shares | 37,751 | — |
| *,2 | Sistema PJSFC | 1,475,900 | — |
| 2 | Severstal PAO PJSC | 69,236 | — |
| 2 | Surgutneftegas PJSC | 3,872,600 | — |
| 2 | Surgutneftegas PJSC Preference Shares | 14,258,400 | — |
| *,2 | Credit Bank of Moscow PJSC | 22,920,900 | — |
| *,2 | Sovcomflot PJSC | 702,230 | — |
| 2,3 | Segezha Group PJSC | 4,388,900 | — |
| *,2 | PhosAgro PJSC GDR | 1,038 | — |
| 2 | PhosAgro PJSC (Registered) GDR | 161,274 | — |
| | | | 1 |
| Saudi Arabia (1.5%) |
| * | Al Rajhi Bank | 3,987,647 | 90,423 |
| | Saudi National Bank | 4,422,973 | 69,906 |
| 3 | Saudi Arabian Oil Co. | 5,706,393 | 52,958 |
| | Saudi Basic Industries Corp. | 1,831,640 | 43,008 |
| | Saudi Telecom Co. | 3,653,875 | 39,257 |
| * | Saudi Arabian Mining Co. | 1,644,387 | 36,601 |
| | Riyad Bank | 2,991,100 | 28,587 |
| | Saudi British Bank | 2,038,439 | 23,612 |
| | SABIC Agri-Nutrients Co. | 475,199 | 20,078 |
| | Alinma Bank | 1,997,974 | 19,932 |
| | Banque Saudi Fransi | 1,197,751 | 13,768 |
| * | Bank AlBilad | 998,660 | 13,486 |
| | International Co. For Water & Power Projects | 271,294 | 12,558 |
| | Arab National Bank | 1,356,188 | 11,645 |
| | Saudi Electricity Co. | 1,581,252 | 11,354 |
| | Dr Sulaiman Al Habib Medical Services Group Co. | 185,889 | 11,213 |
| | Sahara International Petrochemical Co. | 725,880 | 7,815 |
| | Almarai Co. JSC | 512,313 | 7,672 |
| | Etihad Etisalat Co. | 770,496 | 7,501 |
| | Yanbu National Petrochemical Co. | 557,814 | 6,632 |
| | Bupa Arabia for Cooperative Insurance Co. | 115,297 | 5,922 |
| | Mouwasat Medical Services Co. | 95,975 | 5,587 |
| * | Saudi Kayan Petrochemical Co. | 1,482,999 | 5,195 |
| | Jarir Marketing Co. | 118,986 | 5,190 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Bank Al-Jazira | 816,327 | 5,079 |
| | Saudi Investment Bank | 988,722 | 4,770 |
| | Elm Co. | 51,417 | 4,519 |
| | Saudi Industrial Investment Group | 749,505 | 4,478 |
| | Saudi Tadawul Group Holding Co. | 73,426 | 4,238 |
| | Savola Group | 528,180 | 4,115 |
| | Nahdi Medical Co. | 77,995 | 4,107 |
| * | Dar Al Arkan Real Estate Development Co. | 1,079,878 | 3,864 |
| * | Saudi Research & Media Group | 64,356 | 3,447 |
| | Dallah Healthcare Co. | 79,646 | 3,396 |
| | Arabian Internet & Communications Services Co. | 50,361 | 3,322 |
| * | Mobile Telecommunications Co. Saudi Arabia | 886,793 | 3,063 |
| * | Rabigh Refining & Petrochemical Co. | 837,491 | 3,036 |
| | Advanced Petrochemical Co. | 255,278 | 3,005 |
| * | Co. for Cooperative Insurance | 123,857 | 2,791 |
| | Abdullah Al Othaim Markets Co. | 89,313 | 2,698 |
| * | National Industrialization Co. | 656,874 | 2,335 |
| * | Emaar Economic City | 892,365 | 2,279 |
| | Saudi Cement Co. | 152,856 | 2,168 |
| | Southern Province Cement Co. | 137,988 | 2,011 |
| | Saudia Dairy & Foodstuff Co. | 31,221 | 1,952 |
| | Qassim Cement Co. | 90,222 | 1,810 |
| | Arabian Centres Co. Ltd. | 326,005 | 1,694 |
| * | Saudi Airlines Catering Co. | 82,072 | 1,690 |
| | Yanbu Cement Co. | 150,883 | 1,674 |
| | United Electronics Co. | 76,972 | 1,566 |
| * | Seera Group Holding | 300,281 | 1,524 |
| * | Yamama Cement Co. | 194,389 | 1,520 |
| * | Saudi Ground Services Co. | 179,263 | 1,241 |
| | BinDawood Holding Co. | 59,310 | 1,010 |
| | | | 634,302 |
| Singapore (0.9%) |
| | DBS Group Holdings Ltd. | 3,680,634 | 88,984 |
| | Oversea-Chinese Banking Corp. Ltd. | 7,134,202 | 61,241 |
| | United Overseas Bank Ltd. | 2,615,612 | 51,315 |
| | Singapore Telecommunications Ltd. | 15,282,630 | 26,909 |
| | Keppel Corp. Ltd. | 2,833,732 | 13,948 |
| | CapitaLand Integrated Commercial Trust | 10,282,680 | 13,647 |
| | Ascendas REIT | 6,956,841 | 12,872 |
| | Wilmar International Ltd. | 4,266,818 | 11,689 |
| | Capitaland Investment Ltd. | 5,207,628 | 11,075 |
| | Singapore Exchange Ltd. | 1,653,266 | 9,831 |
| * | Singapore Airlines Ltd. | 2,573,056 | 9,544 |
| | | Shares | Market
Value•
($000) |
| | Singapore Technologies Engineering Ltd. | 3,176,893 | 7,406 |
| | Mapletree Logistics Trust | 6,499,478 | 6,976 |
| | Genting Singapore Ltd. | 11,932,690 | 6,786 |
| | Venture Corp. Ltd. | 547,282 | 6,159 |
| | Mapletree Industrial Trust | 3,876,842 | 6,028 |
| | City Developments Ltd. | 969,391 | 5,227 |
| | Mapletree Commercial Trust | 4,567,003 | 5,125 |
| | UOL Group Ltd. | 1,038,618 | 4,537 |
| | Frasers Logistics & Commercial Trust | 5,777,034 | 4,490 |
| | Jardine Cycle & Carriage Ltd. | 202,388 | 4,251 |
| | Suntec REIT | 4,345,866 | 3,963 |
| | Sembcorp Industries Ltd. | 1,866,602 | 3,837 |
| | ComfortDelGro Corp. Ltd. | 4,041,791 | 3,628 |
| | NetLink NBN Trust | 5,689,116 | 3,437 |
| | Keppel DC REIT | 2,590,874 | 3,220 |
| * | Sembcorp Marine Ltd. | 31,381,865 | 2,812 |
| | Keppel REIT | 4,245,868 | 2,684 |
| | Golden Agri-Resources Ltd. | 12,902,220 | 2,646 |
| | Ascott Residence Trust | 3,794,591 | 2,558 |
| * | SATS Ltd. | 1,277,617 | 2,466 |
| | Hutchison Port Holdings Trust Class U | 10,440,363 | 1,705 |
| | Olam Group Ltd. | 1,476,613 | 1,398 |
| | Singapore Post Ltd. | 2,976,352 | 1,137 |
| | StarHub Ltd. | 1,459,397 | 1,103 |
| * | SIA Engineering Co. Ltd. | 590,416 | 901 |
| | | | 405,535 |
| South Africa (1.0%) |
| | Naspers Ltd. Class N | 432,886 | 44,623 |
| 1 | FirstRand Ltd. | 10,091,874 | 35,281 |
| | MTN Group Ltd. | 3,672,525 | 25,955 |
| | Standard Bank Group Ltd. | 2,707,916 | 25,279 |
| | Sasol Ltd. | 1,141,124 | 19,182 |
| | Absa Group Ltd. | 1,698,453 | 18,444 |
| | Capitec Bank Holdings Ltd. | 172,932 | 17,907 |
| | Impala Platinum Holdings Ltd. | 1,657,719 | 16,973 |
| | Gold Fields Ltd. | 1,793,169 | 14,365 |
| | Sibanye Stillwater Ltd. | 5,688,694 | 13,324 |
| | Shoprite Holdings Ltd. | 992,754 | 12,636 |
| | Anglogold Ltd. | 853,441 | 11,146 |
| | Bid Corp. Ltd. | 673,902 | 10,845 |
| | Sanlam Ltd. | 3,585,875 | 10,453 |
| | Nedbank Group Ltd. | 860,144 | 10,183 |
| | Anglo American Platinum Ltd. | 114,767 | 9,138 |
| | Clicks Group Ltd. | 497,591 | 8,430 |
| | Vodacom Group Ltd. | 1,214,939 | 8,276 |
| | Bidvest Group Ltd. | 696,794 | 8,051 |
| | Remgro Ltd. | 1,046,118 | 7,783 |
| * | Northam Platinum Holdings Ltd. | 749,747 | 7,014 |
| * | Discovery Ltd. | 1,062,637 | 6,951 |
| | Woolworths Holdings Ltd. | 1,900,060 | 6,516 |
| | | Shares | Market
Value•
($000) |
| | Aspen Pharmacare Holdings Ltd. | 752,442 | 6,190 |
| | Exxaro Resources Ltd. | 490,354 | 5,464 |
| | Old Mutual Ltd. (XZIM) | 9,224,236 | 5,236 |
| | Mr Price Group Ltd. | 536,951 | 5,168 |
| 1 | Growthpoint Properties Ltd. | 6,887,383 | 4,857 |
| | NEPI Rockcastle NV | 945,533 | 4,752 |
| | Multichoice Group | 694,822 | 4,541 |
| 3 | Pepkor Holdings Ltd. | 3,588,225 | 4,435 |
| | Reinet Investments SCA | 276,007 | 4,426 |
| | Foschini Group Ltd. | 658,302 | 4,116 |
| * | Sappi Ltd. | 1,134,512 | 3,495 |
| | SPAR Group Ltd. | 383,682 | 3,252 |
| | Tiger Brands Ltd. | 318,481 | 3,222 |
| | Life Healthcare Group Holdings Ltd. | 2,798,212 | 3,007 |
| | African Rainbow Minerals Ltd. | 211,714 | 2,981 |
| | Harmony Gold Mining Co. Ltd. | 1,068,711 | 2,960 |
| | Redefine Properties Ltd. | 13,152,390 | 2,925 |
| | Investec Ltd. | 577,847 | 2,841 |
| 1 | AVI Ltd. | 672,111 | 2,692 |
| | Transaction Capital Ltd. | 1,134,244 | 2,535 |
| | Netcare Ltd. | 2,887,266 | 2,456 |
| | Momentum Metropolitan Holdings | 2,612,364 | 2,440 |
| 1 | Rand Merchant Investment Holdings Ltd. | 1,529,795 | 2,370 |
| | Pick n Pay Stores Ltd. | 704,024 | 2,263 |
| | Truworths International Ltd. | 765,279 | 2,178 |
| | Kumba Iron Ore Ltd. | 111,511 | 2,098 |
| | Resilient REIT Ltd. | 633,629 | 1,765 |
| * | Distell Group Holdings Ltd. | 155,078 | 1,465 |
| 3 | Dis-chem Pharmacies Ltd. | 718,982 | 1,314 |
| | Royal Bafokeng Platinum Ltd. | 156,952 | 1,262 |
| | Santam Ltd. | 79,784 | 1,104 |
| | | | 448,565 |
| South Korea (3.2%) |
| | Samsung Electronics Co. Ltd. | 5,727,764 | 238,389 |
| | Samsung Electronics Co. Ltd. GDR (Registered) | 170,690 | 176,288 |
| | SK Hynix Inc. | 1,095,501 | 63,420 |
| | Samsung SDI Co. Ltd. | 105,115 | 54,230 |
| | Samsung Electronics Co. Ltd. Preference Shares | 1,299,839 | 48,577 |
| | LG Chem Ltd. | 94,098 | 41,294 |
| | NAVER Corp. | 291,690 | 34,600 |
| | Hyundai Motor Co. | 279,346 | 32,191 |
| | Celltrion Inc. | 217,395 | 29,222 |
| * | LG Energy Solution | 70,208 | 25,978 |
| | Kia Corp. | 521,535 | 24,236 |
| *,3 | Samsung Biologics Co. Ltd. | 37,142 | 22,825 |
| | Kakao Corp. | 613,445 | 21,762 |
| | Hyundai Mobis Co. Ltd. | 124,533 | 19,101 |
| | Hana Financial Group Inc. | 583,909 | 16,882 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | POSCO Holdings Inc. (XNYS) | 360,449 | 15,636 |
| | KB Financial Group Inc. ADR | 443,449 | 14,873 |
| | KT&G Corp. | 215,752 | 14,490 |
| | Samsung C&T Corp. | 169,609 | 14,080 |
| | Shinhan Financial Group Co. Ltd. | 531,187 | 13,501 |
| * | SK Innovation Co. Ltd. | 105,386 | 12,761 |
| 1 | Shinhan Financial Group Co. Ltd. ADR | 484,888 | 12,263 |
| | LG Electronics Inc. | 214,053 | 12,227 |
| | KB Financial Group Inc. | 345,283 | 11,618 |
| | SK Inc. | 73,424 | 11,002 |
| | POSCO Holdings Inc. | 62,791 | 10,944 |
| | Woori Financial Group Inc. | 1,287,669 | 10,626 |
| | LG Corp. | 178,588 | 9,914 |
| | Samsung Electro-Mechanics Co. Ltd. | 113,046 | 9,574 |
| | Celltrion Healthcare Co. Ltd. | 191,277 | 9,306 |
| | Samsung Fire & Marine Insurance Co. Ltd. | 64,321 | 9,021 |
| | Korea Zinc Co. Ltd. | 20,045 | 8,989 |
| | NCSoft Corp. | 31,871 | 8,707 |
| | HMM Co. Ltd. | 585,247 | 7,829 |
| * | Doosan Heavy Industries & Construction Co. Ltd. | 841,224 | 7,805 |
| 1 | POSCO Chemical Co. Ltd. | 54,664 | 7,633 |
| * | Hanwha Solutions Corp. | 230,045 | 7,603 |
| * | Krafton Inc. | 58,801 | 7,304 |
| *,1 | L&F Co. Ltd. | 45,323 | 7,142 |
| | Samsung Life Insurance Co. Ltd. | 149,512 | 7,066 |
| 1 | Ecopro BM Co. Ltd. | 79,992 | 6,443 |
| | Samsung SDS Co. Ltd. | 72,398 | 6,343 |
| | LG Household & Health Care Ltd. | 17,685 | 6,319 |
| | LG Innotek Co. Ltd. | 28,703 | 5,955 |
| * | Korean Air Lines Co. Ltd. | 350,612 | 5,678 |
| * | Samsung Engineering Co. Ltd. | 319,653 | 5,340 |
| * | SK Square Co. Ltd. | 199,825 | 5,167 |
| *,1 | HLB Inc. (XKOS) | 178,466 | 5,060 |
| | S-Oil Corp. | 83,295 | 5,051 |
| | CJ CheilJedang Corp. | 16,523 | 4,797 |
| | Korea Aerospace Industries Ltd. | 141,224 | 4,690 |
| | Hyundai Glovis Co. Ltd. | 37,080 | 4,520 |
| * | Samsung Heavy Industries Co. Ltd. | 1,246,494 | 4,500 |
| * | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 87,062 | 4,435 |
| | Coway Co. Ltd. | 114,300 | 4,432 |
| | Hyundai Heavy Industries Holdings Co. Ltd. | 101,059 | 4,314 |
| | Hyundai Motor Co. Preference Shares (XKRS) | 75,733 | 4,237 |
| | Yuhan Corp. | 100,923 | 4,232 |
| * | KakaoBank Corp. | 345,183 | 4,132 |
| 1 | LG Display Co. Ltd. | 451,071 | 4,026 |
| | | Shares | Market
Value•
($000) |
| | Korea Electric Power Corp. | 339,964 | 3,987 |
| | Industrial Bank of Korea | 535,627 | 3,925 |
| 1 | Amorepacific Corp. | 59,333 | 3,852 |
| | Hankook Tire & Technology Co. Ltd. | 148,023 | 3,792 |
| | DB Insurance Co. Ltd. | 90,789 | 3,583 |
| | Hyundai Engineering & Construction Co. Ltd. | 139,403 | 3,408 |
| | LG Uplus Corp. | 423,550 | 3,401 |
| * | Kangwon Land Inc. | 210,342 | 3,391 |
| | GS Holdings Corp. | 104,690 | 3,377 |
| | LG Chem Ltd. Preference Shares | 15,955 | 3,234 |
| | Kumho Petrochemical Co. Ltd. | 35,206 | 3,228 |
| | F&F Co. Ltd. | 31,624 | 3,222 |
| | Hanwha Aerospace Co. Ltd. | 69,051 | 3,216 |
| * | HYBE Co. Ltd. | 36,910 | 3,124 |
| | Orion Corp.Republic of Korea | 43,511 | 3,096 |
| | Lotte Chemical Corp. | 29,603 | 3,067 |
| | Hyundai Steel Co. | 151,931 | 2,990 |
| | SKC Co. Ltd. | 39,294 | 2,846 |
| 1 | Hotel Shilla Co. Ltd. | 61,933 | 2,820 |
| | Samsung Securities Co. Ltd. | 124,856 | 2,778 |
| | Hyundai Marine & Fire Insurance Co. Ltd. | 117,784 | 2,751 |
| | Korea Investment Holdings Co. Ltd. | 77,806 | 2,701 |
| * | Hyundai Mipo Dockyard Co. Ltd. | 40,987 | 2,638 |
| | Hanmi Pharm Co. Ltd. | 14,715 | 2,611 |
| | BNK Financial Group Inc. | 579,637 | 2,605 |
| 1 | OCI Co. Ltd. | 35,875 | 2,562 |
| | Hyundai Motor Co. Preference Shares | 45,038 | 2,476 |
| | Cheil Worldwide Inc. | 142,874 | 2,448 |
| | Fila Holdings Corp. | 104,258 | 2,388 |
| | E-MART Inc. | 39,036 | 2,314 |
| | Mando Corp. | 64,363 | 2,228 |
| * | Hyundai Heavy Industries Co. Ltd. | 29,013 | 2,216 |
| | Mirae Asset Securities Co. Ltd. | 478,365 | 2,129 |
| * | SK Bioscience Co. Ltd. | 39,152 | 2,071 |
| *,1 | Korea Electric Power Corp. ADR | 350,836 | 2,059 |
| | Shinsegae Inc. | 13,585 | 2,023 |
| *,1 | SK Biopharmaceuticals Co. Ltd. | 49,328 | 2,008 |
| | GS Engineering & Construction Corp. | 127,553 | 1,938 |
| | NH Investment & Securities Co. Ltd. | 294,456 | 1,851 |
| *,3 | SK IE Technology Co. Ltd. | 50,573 | 1,841 |
| * | Pearl Abyss Corp. | 61,474 | 1,790 |
| *,1 | Celltrion Pharm Inc. | 37,262 | 1,768 |
| | Hanon Systems | 322,271 | 1,761 |
| *,1 | Alteogen Inc. | 66,757 | 1,714 |
| | SK Chemicals Co. Ltd. | 26,138 | 1,619 |
| | LS Corp. | 34,584 | 1,611 |
| | BGF retail Co. Ltd. | 12,214 | 1,597 |
| * | Kakao Games Corp. | 57,389 | 1,587 |
| | S-1 Corp. | 36,114 | 1,581 |
| | | Shares | Market
Value•
($000) |
| | Samsung Card Co. Ltd. | 68,163 | 1,478 |
| | DL E&C Co. Ltd. | 60,827 | 1,468 |
| | Iljin Materials Co. Ltd. | 34,414 | 1,460 |
| | KCC Corp. | 8,532 | 1,457 |
| | DGB Financial Group Inc. | 302,310 | 1,440 |
| | SD Biosensor Inc. | 69,302 | 1,434 |
| | LOTTE Fine Chemical Co. Ltd. | 36,234 | 1,425 |
| | Posco International Corp. | 97,482 | 1,410 |
| | GS Retail Co. Ltd. | 76,397 | 1,360 |
| | Lotte Shopping Co. Ltd. | 22,219 | 1,360 |
| | Samsung SDI Co. Ltd. Preference Shares | 5,571 | 1,331 |
| | Hanwha Corp. | 74,671 | 1,329 |
| | Hyundai Wia Corp. | 31,000 | 1,326 |
| 1 | NongShim Co. Ltd. | 6,244 | 1,323 |
| | Korea Gas Corp. | 53,684 | 1,310 |
| | LG Electronics Inc. Preference Shares | 45,722 | 1,270 |
| 1 | SK Telecom Co. Ltd. ADR | 64,909 | 1,270 |
| *,1 | Hanjin Kal Corp. | 43,742 | 1,219 |
| | SK Telecom Co. Ltd. | 34,623 | 1,217 |
| *,1 | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 94,707 | 1,215 |
| | CJ Corp. | 23,616 | 1,189 |
| | Lotte Corp. | 51,332 | 1,173 |
| | Pan Ocean Co. Ltd. | 388,565 | 1,170 |
| 1,3 | Netmarble Corp. | 35,783 | 1,118 |
| | Hite Jinro Co. Ltd. | 60,827 | 1,094 |
| * | Daewoo Engineering & Construction Co. Ltd. | 368,036 | 1,084 |
| | Hyundai Department Store Co. Ltd. | 28,501 | 1,081 |
| 1 | Seegene Inc. | 53,750 | 1,081 |
| | Doosan Bobcat Inc. | 45,264 | 1,062 |
| 1 | Wemade Co. Ltd. | 33,650 | 1,043 |
| *,1 | Hyundai Doosan Infracore Co. Ltd. | 266,519 | 1,036 |
| 1 | DL Holdings Co. Ltd. | 23,784 | 1,025 |
| 1 | Green Cross Corp. | 11,458 | 1,023 |
| 1 | AMOREPACIFIC Group | 58,539 | 1,014 |
| | Shin Poong Pharmaceutical Co. Ltd. | 66,853 | 1,012 |
| * | Kakaopay Corp. | 40,763 | 1,009 |
| | CJ ENM Co. Ltd. | 19,381 | 997 |
| *,1 | CJ Logistics Corp. | 15,917 | 980 |
| *,1 | Paradise Co. Ltd. | 91,433 | 910 |
| | KEPCO Plant Service & Engineering Co. Ltd. | 40,103 | 897 |
| | LG Household & Health Care Ltd. Preference Shares | 4,509 | 887 |
| | Dongsuh Cos. Inc. | 59,769 | 855 |
| | Hanwha Life Insurance Co. Ltd. | 558,778 | 855 |
| | Samsung Fire & Marine Insurance Co. Ltd. Preference Shares | 7,608 | 854 |
| | Mirae Asset Securities Co. Ltd. Preference Shares | 333,315 | 847 |
| | SK Networks Co. Ltd. | 293,505 | 829 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | SSANGYONG C&E Co. Ltd. | 206,496 | 823 |
| | Ottogi Corp. | 2,473 | 766 |
| 1 | Meritz Financial Group Inc. | 49,443 | 751 |
| | Hanwha Corp. Preference Shares | 65,914 | 647 |
| | Solus Advanced Materials Co. Ltd. | 26,324 | 619 |
| | Hanmi Science Co. Ltd. | 27,157 | 609 |
| | Lotte Chilsung Beverage Co. Ltd. | 5,667 | 558 |
| * | NHN Corp. | 31,965 | 514 |
| | Amorepacific Corp. Preference Shares | 19,249 | 497 |
| 1 | Hanssem Co. Ltd. | 17,980 | 472 |
| | Hyundai Engineering & Construction Co. Ltd. Preference Shares | 4,186 | 166 |
| *,1 | HLB Inc. Rights Exp. 12/2/22 | 15,982 | 110 |
| | CJ CheilJedang Corp. Preference Shares | 649 | 75 |
| | | | 1,397,637 |
| Spain (1.5%) |
| | Iberdrola SA (XMAD) | 12,124,175 | 123,294 |
| | Banco Santander SA | 33,804,496 | 87,671 |
| | Banco Bilbao Vizcaya Argentaria SA | 12,431,615 | 64,132 |
| | Industria de Diseno Textil SA | 2,136,478 | 48,494 |
| * | Amadeus IT Group SA | 864,965 | 45,113 |
| 3 | Cellnex Telecom SA | 1,223,523 | 40,046 |
| | Telefonica SA | 10,370,325 | 35,749 |
| | Repsol SA | 2,551,008 | 34,705 |
| | CaixaBank SA | 8,765,057 | 29,065 |
| | Ferrovial SA | 955,005 | 23,339 |
| *,3 | Aena SME SA | 143,717 | 16,891 |
| | Red Electrica Corp. SA | 877,298 | 14,191 |
| | ACS Actividades de Construccion y Servicios SA | 431,513 | 11,073 |
| | Endesa SA | 640,175 | 10,696 |
| | Bankinter SA | 1,397,587 | 8,454 |
| | Acciona SA | 46,913 | 8,447 |
| | Enagas SA | 499,894 | 8,115 |
| * | Siemens Gamesa Renewable Energy SA | 451,738 | 8,009 |
| | Naturgy Energy Group SA | 292,165 | 7,498 |
| | Merlin Properties Socimi SA | 697,063 | 5,909 |
| * | Grifols SA | 603,986 | 5,139 |
| | Corp. ACCIONA Energias Renovables SA | 114,053 | 4,485 |
| * | Grifols SA Preference Shares | 615,901 | 3,852 |
| | Inmobiliaria Colonial Socimi SA | 693,410 | 3,657 |
| | Mapfre SA | 1,991,733 | 3,416 |
| | Fluidra SA | 228,735 | 3,106 |
| | | | 654,546 |
| Sweden (2.0%) |
| | Investor AB Class B | 3,634,513 | 59,317 |
| | Atlas Copco AB Class A | 5,121,818 | 54,666 |
| | Volvo AB Class B | 3,094,638 | 50,650 |
| | Hexagon AB Class B | 3,828,746 | 37,851 |
| | | Shares | Market
Value•
($000) |
| | Assa Abloy AB Class B | 1,868,183 | 37,722 |
| | Sandvik AB | 2,190,507 | 34,230 |
| | Telefonaktiebolaget LM Ericsson Class B | 6,104,089 | 33,935 |
| | Swedish Match AB | 3,007,144 | 30,928 |
| | Skandinaviska Enskilda Banken AB Class A | 2,903,199 | 30,610 |
| | Swedbank AB Class A | 2,046,166 | 30,504 |
| 3 | Evolution AB | 325,535 | 30,367 |
| | Atlas Copco AB Class B | 3,095,937 | 29,941 |
| | Svenska Handelsbanken AB Class A | 2,992,575 | 27,804 |
| | Essity AB Class B | 1,240,311 | 26,206 |
| | Nibe Industrier AB Class B | 2,966,356 | 23,662 |
| | Epiroc AB Class A | 1,318,888 | 20,190 |
| | Investor AB Class A | 1,139,599 | 19,379 |
| 1 | H & M Hennes & Mauritz AB Class B | 1,785,427 | 17,983 |
| | Boliden AB | 558,004 | 16,227 |
| | Alfa Laval AB | 630,966 | 15,531 |
| | Svenska Cellulosa AB SCA Class B | 1,225,651 | 14,460 |
| | Telia Co. AB | 5,232,715 | 13,865 |
| | SKF AB Class B | 785,735 | 11,374 |
| | EQT AB | 577,475 | 11,365 |
| | Skanska AB Class B | 730,664 | 11,363 |
| | Trelleborg AB Class B | 478,375 | 10,533 |
| | Indutrade AB | 570,649 | 9,991 |
| | Industrivarden AB Class A | 423,833 | 9,599 |
| | Epiroc AB Class B | 712,047 | 9,561 |
| | Getinge AB Class B | 455,799 | 9,250 |
| | Tele2 AB Class B | 1,127,223 | 9,239 |
| | Industrivarden AB Class C | 381,696 | 8,571 |
| | Securitas AB Class B | 1,005,517 | 8,216 |
| | Beijer Ref AB Class B | 496,749 | 7,701 |
| | Holmen AB Class B | 194,256 | 7,050 |
| | Volvo AB Class A | 395,382 | 6,754 |
| | Lifco AB Class B | 466,663 | 6,743 |
| * | Swedish Orphan Biovitrum AB | 362,972 | 6,686 |
| | Saab AB Class B | 184,266 | 6,511 |
| | Sagax AB Class B | 336,923 | 6,209 |
| | Castellum AB | 529,326 | 6,052 |
| * | Kinnevik AB Class B | 487,682 | 6,025 |
| | L E Lundbergforetagen AB Class B | 151,975 | 5,998 |
| | Electrolux AB Class B | 447,619 | 5,522 |
| | Axfood AB | 216,965 | 5,372 |
| | Husqvarna AB Class B | 820,630 | 4,872 |
| | Investment AB Latour Class B | 286,929 | 4,847 |
| * | Volvo Car AB Class B | 1,097,080 | 4,656 |
| * | Fastighets AB Balder Class B | 1,225,721 | 4,601 |
| | Sweco AB Class B | 409,289 | 3,075 |
| | Vitrolife AB | 131,584 | 2,127 |
| * | Alleima AB | 428,639 | 1,460 |
| | Svenska Handelsbanken AB Class B | 96,800 | 1,059 |
| | Sagax AB Class D | 339,857 | 818 |
| | Telefonaktiebolaget LM Ericsson Class A | 101,193 | 601 |
| | | Shares | Market
Value•
($000) |
| | Skandinaviska Enskilda Banken AB Class C | 33,491 | 382 |
| | Svenska Cellulosa AB SCA Class A | 31,616 | 382 |
| | Husqvarna AB Class A | 55,562 | 331 |
| | | | 870,924 |
| Switzerland (6.3%) |
| | Nestle SA (Registered) | 5,488,928 | 597,518 |
| | Roche Holding AG | 1,411,867 | 468,455 |
| | Novartis AG (Registered) | 4,172,981 | 337,556 |
| | Zurich Insurance Group AG | 301,933 | 128,676 |
| | Cie Financiere Richemont SA Class A (Registered) | 1,040,415 | 101,683 |
| | UBS Group AG (Registered) | 6,202,249 | 98,331 |
| | ABB Ltd. (Registered) | 3,093,042 | 85,895 |
| | Lonza Group AG (Registered) | 150,648 | 77,551 |
| | Sika AG (Registered) | 311,558 | 70,249 |
| | Alcon Inc. | 937,428 | 57,076 |
| | Givaudan SA (Registered) | 18,801 | 56,158 |
| | Holcim Ltd. | 1,111,898 | 50,516 |
| | Swiss Re AG | 587,625 | 43,652 |
| | Partners Group Holding AG | 45,660 | 40,984 |
| | Geberit AG (Registered) | 71,348 | 31,717 |
| | Swiss Life Holding AG (Registered) | 61,796 | 29,923 |
| | SGS SA (Registered) | 12,032 | 26,525 |
| | Swisscom AG (Registered) | 51,380 | 25,371 |
| | Sonova Holding AG (Registered) | 104,774 | 24,765 |
| | Roche Holding AG (Bearer) | 55,628 | 22,579 |
| | Credit Suisse Group AG (Registered) | 5,288,252 | 21,906 |
| | Kuehne + Nagel International AG (Registered) | 101,919 | 21,695 |
| | Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf. | 2,189 | 21,008 |
| | Julius Baer Group Ltd. | 431,778 | 20,716 |
| | Straumann Holding AG | 217,364 | 20,687 |
| | Chocoladefabriken Lindt & Spruengli AG (Registered) | 200 | 19,438 |
| | SIG Combibloc Group AG | 776,832 | 14,933 |
| | Logitech International SA (Registered) | 292,936 | 14,568 |
| | Swatch Group AG (Bearer) | 61,891 | 13,907 |
| | Schindler Holding AG Ptg. Ctf. | 85,190 | 13,892 |
| | Barry Callebaut AG (Registered) | 7,268 | 13,750 |
| | Baloise Holding AG (Registered) | 91,900 | 12,556 |
| | Swiss Prime Site AG (Registered) | 153,717 | 12,404 |
| 3 | VAT Group AG | 52,359 | 11,954 |
| | Adecco Group AG (Registered) | 324,332 | 10,150 |
| | Tecan Group AG (Registered) | 25,737 | 9,441 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | PSP Swiss Property AG (Registered) | 88,051 | 9,406 |
| | EMS-Chemie Holding AG (Registered) | 14,430 | 9,073 |
| | Georg Fischer AG | 163,176 | 9,037 |
| | Belimo Holding AG (Registered) | 18,704 | 7,618 |
| | Clariant AG (Registered) | 461,448 | 7,416 |
| | Temenos AG (Registered) | 122,663 | 7,306 |
| | Helvetia Holding AG (Registered) | 71,245 | 7,075 |
| * | Flughafen Zurich AG (Registered) | 37,907 | 5,881 |
| | Schindler Holding AG (Registered) | 36,163 | 5,693 |
| | DKSH Holding AG | 71,262 | 5,141 |
| | Banque Cantonale Vaudoise (Registered) | 56,546 | 5,032 |
| | Bachem Holding AG Class B | 62,009 | 4,446 |
| | BKW AG | 35,781 | 4,174 |
| | Emmi AG (Registered) | 3,886 | 3,101 |
| | Swatch Group AG (Registered) | 71,993 | 3,008 |
| * | Accelleron Industries AG | 151,186 | 2,564 |
| | Vifor Pharma AG | 11,424 | 2,042 |
| | | | 2,726,198 |
| Taiwan (3.7%) |
| | Taiwan Semiconductor Manufacturing Co. Ltd. | 30,288,873 | 364,139 |
| | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 3,624,217 | 223,071 |
| | Hon Hai Precision Industry Co. Ltd. | 24,309,823 | 77,210 |
| | MediaTek Inc. | 3,030,700 | 55,244 |
| | Delta Electronics Inc. | 4,404,676 | 35,047 |
| | Nan Ya Plastics Corp. | 11,501,615 | 24,370 |
| | Fubon Financial Holding Co. Ltd. | 15,030,172 | 23,741 |
| | CTBC Financial Holding Co. Ltd. | 37,014,939 | 23,384 |
| | Mega Financial Holding Co. Ltd. | 22,754,821 | 21,081 |
| | China Steel Corp. | 25,077,234 | 20,875 |
| | E.Sun Financial Holding Co. Ltd. | 27,626,261 | 19,854 |
| | Uni-President Enterprises Corp. | 9,745,487 | 19,791 |
| | Cathay Financial Holding Co. Ltd. | 16,879,661 | 19,754 |
| | Formosa Plastics Corp. | 7,594,873 | 19,568 |
| 1 | United Microelectronics Corp. ADR | 2,820,176 | 16,724 |
| | ASE Technology Holding Co. Ltd. | 6,702,449 | 16,549 |
| | First Financial Holding Co. Ltd. | 21,257,876 | 16,307 |
| | Taiwan Cooperative Financial Holding Co. Ltd. | 20,583,993 | 15,949 |
| | Formosa Chemicals & Fibre Corp. | 7,118,306 | 15,343 |
| | Chunghwa Telecom Co. Ltd. ADR | 445,535 | 15,331 |
| | Yuanta Financial Holding Co. Ltd. | 24,353,070 | 14,870 |
| | | Shares | Market
Value•
($000) |
| | Hua Nan Financial Holdings Co. Ltd. | 20,748,170 | 13,536 |
| | Chailease Holding Co. Ltd. | 2,806,380 | 12,945 |
| | United Microelectronics Corp. | 10,242,978 | 12,317 |
| | China Development Financial Holding Corp. | 33,000,019 | 12,008 |
| | Largan Precision Co. Ltd. | 208,848 | 11,949 |
| | Hotai Motor Co. Ltd. | 648,000 | 11,724 |
| | E Ink Holdings Inc. | 1,825,000 | 11,596 |
| | Chunghwa Telecom Co. Ltd. | 3,328,207 | 11,475 |
| | Quanta Computer Inc. | 5,404,598 | 11,448 |
| | Taiwan Cement Corp. (XTAI) | 12,079,146 | 11,326 |
| | Sinopac Holdings Co. | 21,712,651 | 10,834 |
| | Asustek Computer Inc. | 1,444,026 | 10,558 |
| | Taiwan Mobile Co. Ltd. | 3,493,713 | 10,302 |
| | Unimicron Technology Corp. | 2,559,975 | 9,836 |
| | Shanghai Commercial & Savings Bank Ltd. | 6,644,000 | 9,563 |
| | Taishin Financial Holding Co. Ltd. | 23,292,530 | 9,559 |
| | President Chain Store Corp. | 1,135,904 | 9,445 |
| | Yageo Corp. | 820,251 | 9,299 |
| | Novatek Microelectronics Corp. | 1,179,916 | 8,791 |
| | Evergreen Marine Corp. Taiwan Ltd. | 2,051,520 | 8,728 |
| | Lite-On Technology Corp. | 4,322,767 | 8,560 |
| | Accton Technology Corp. | 1,096,000 | 8,242 |
| | Far Eastern New Century Corp. | 7,974,819 | 7,949 |
| | Realtek Semiconductor Corp. | 988,768 | 7,795 |
| | Walsin Lihwa Corp. | 6,994,643 | 7,737 |
| | Silergy Corp. | 660,000 | 7,611 |
| | Pegatron Corp. | 4,143,038 | 7,574 |
| | Advantech Co. Ltd. | 829,536 | 7,515 |
| | Catcher Technology Co. Ltd. | 1,424,153 | 7,481 |
| | Airtac International Group | 316,773 | 7,249 |
| | Formosa Petrochemical Corp. | 2,759,580 | 7,100 |
| | Far EasTone Telecommunications Co. Ltd. | 3,214,643 | 7,048 |
| | Chang Hwa Bank | 13,421,653 | 6,907 |
| | Shin Kong Financial Holdings Co. Ltd. | 27,457,986 | 6,807 |
| | Yang Ming Marine Transport Corp. | 3,518,000 | 6,549 |
| | Innolux Corp. | 16,728,274 | 6,135 |
| | Ruentex Development Co. Ltd. | 4,759,500 | 5,842 |
| | Asia Cement Corp. | 4,968,519 | 5,745 |
| | Powerchip Semiconductor Manufacturing Corp. | 5,800,000 | 5,521 |
| | Compal Electronics Inc. | 8,358,510 | 5,467 |
| | | Shares | Market
Value•
($000) |
| | Voltronic Power Technology Corp. | 132,000 | 5,352 |
| | Eclat Textile Co. Ltd. | 400,398 | 5,254 |
| | Auo Corp. | 694,430 | 4,930 |
| | Globalwafers Co. Ltd. | 434,000 | 4,810 |
| | eMemory Technology Inc. | 141,000 | 4,675 |
| | Micro-Star International Co. Ltd. | 1,375,000 | 4,657 |
| | Wistron Corp. | 5,691,445 | 4,595 |
| | Pou Chen Corp. | 5,429,125 | 4,583 |
| | Inventec Corp. | 6,017,064 | 4,550 |
| | Synnex Technology International Corp. | 2,719,889 | 4,428 |
| | Feng TAY Enterprise Co. Ltd. | 888,532 | 4,413 |
| * | Oneness Biotech Co. Ltd. | 605,000 | 4,272 |
| | Sino-American Silicon Products Inc. | 1,097,000 | 4,207 |
| | Zhen Ding Technology Holding Ltd. | 1,282,000 | 4,202 |
| | Taiwan High Speed Rail Corp. | 4,674,000 | 4,072 |
| | Taiwan Business Bank | 10,797,038 | 3,997 |
| | Wiwynn Corp. | 177,000 | 3,965 |
| | Wan Hai Lines Ltd. | 1,884,812 | 3,946 |
| | Acer Inc. | 5,637,396 | 3,857 |
| | Giant Manufacturing Co. Ltd. | 604,625 | 3,848 |
| | Powertech Technology Inc. | 1,648,000 | 3,806 |
| | Vanguard International Semiconductor Corp. | 1,845,466 | 3,789 |
| | Eva Airways Corp. | 5,149,188 | 3,718 |
| | Cheng Shin Rubber Industry Co. Ltd. | 3,713,222 | 3,715 |
| | Winbond Electronics Corp. | 6,078,000 | 3,664 |
| | AU Optronics Corp. | 6,893,600 | 3,598 |
| | Teco Electric and Machinery Co. Ltd. | 3,969,000 | 3,506 |
| | ASPEED Technology Inc. | 61,400 | 3,183 |
| | Foxconn Technology Co. Ltd. | 2,247,925 | 3,147 |
| | Win Semiconductors Corp. | 817,000 | 3,083 |
| | China Airlines Ltd. | 5,706,913 | 2,987 |
| | Chicony Electronics Co. Ltd. | 1,192,337 | 2,958 |
| | Nanya Technology Corp. | 1,743,600 | 2,939 |
| | Hiwin Technologies Corp. | 570,664 | 2,932 |
| | Nan Ya Printed Circuit Board Corp. | 421,000 | 2,747 |
| | Parade Technologies Ltd. | 140,000 | 2,636 |
| | Walsin Technology Corp. | 1,033,000 | 2,521 |
| | Taiwan Fertilizer Co. Ltd. | 1,488,000 | 2,413 |
| * | HTC Corp. | 1,479,570 | 2,308 |
| | Taiwan Glass Industry Corp. | 3,358,089 | 2,121 |
| | Nien Made Enterprise Co. Ltd. | 275,000 | 2,120 |
| | Eternal Materials Co. Ltd. | 2,010,398 | 1,863 |
| | ENNOSTAR Inc. | 1,354,000 | 1,720 |
| | Far Eastern International Bank | 5,220,953 | 1,715 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Taiwan Secom Co. Ltd. | 580,725 | 1,664 |
| | Yulon Motor Co. Ltd. | 1,151,377 | 1,627 |
| | momo.com Inc. | 108,720 | 1,622 |
| | Formosa Taffeta Co. Ltd. | 2,015,000 | 1,602 |
| | Genius Electronic Optical Co. Ltd. | 170,000 | 1,578 |
| | ASMedia Technology Inc. | 79,000 | 1,418 |
| | Capital Securities Corp. | 4,156,587 | 1,288 |
| | Transcend Information Inc. | 508,455 | 1,015 |
| | U-Ming Marine Transport Corp. | 889,000 | 968 |
| | Advanced Energy Solution Holding Co. Ltd. | 48,000 | 834 |
| | China Motor Corp. | 560,642 | 726 |
| | ASE Technology Holding Co. Ltd. ADR | 133,542 | 680 |
| * | OBI Pharma Inc. | 326,960 | 661 |
| | Formosa Sumco Technology Corp. | 128,000 | 575 |
| | Yulon Nissan Motor Co. Ltd. | 50,000 | 278 |
| 3 | Taiwan Cement Corp. | 50,916 | 239 |
| | | | 1,590,852 |
| Thailand (0.7%) |
| | PTT PCL | 29,137,078 | 27,574 |
| | CP ALL PCL | 12,360,675 | 19,497 |
| * | Airports of Thailand PCL | 8,502,851 | 16,541 |
| | Bangkok Dusit Medical Services PCL Class F | 18,615,200 | 14,448 |
| | PTT Exploration & Production PCL | 2,863,461 | 13,691 |
| | Advanced Info Service PCL | 2,323,396 | 11,675 |
| | Gulf Energy Development PCL | 8,650,940 | 11,497 |
| | Central Pattana PCL | 5,396,082 | 9,763 |
| | Delta Electronics Thailand PCL | 634,056 | 9,695 |
| | Kasikornbank PCL | 2,298,618 | 8,844 |
| | Energy Absolute PCL (XBKK) | 3,162,841 | 8,052 |
| | Charoen Pokphand Foods PCL | 9,995,428 | 6,646 |
| * | Minor International PCL | 8,818,055 | 6,550 |
| | Siam Cement PCL (Registered) | 751,894 | 6,403 |
| | SCB X PCL Foreign | 2,274,644 | 6,355 |
| | Siam Cement PCL NDVR | 739,280 | 6,296 |
| | Central Retail Corp. PCL | 5,684,897 | 6,274 |
| | Bumrungrad Hospital PCL | 994,905 | 5,931 |
| 1 | Krung Thai Bank PCL | 12,459,162 | 5,741 |
| | Indorama Ventures PCL | 5,180,915 | 5,741 |
| | Intouch Holdings PCL Class F | 2,872,259 | 5,437 |
| | PTT Global Chemical PCL | 4,409,287 | 5,052 |
| | Home Product Center PCL | 12,145,592 | 4,667 |
| | Bangkok Bank PCL NVDR | 1,078,300 | 4,129 |
| 1 | Banpu PCL (Registered) | 12,163,808 | 3,998 |
| | | Shares | Market
Value•
($000) |
| | SCG Packaging PCL | 2,835,300 | 3,878 |
| | Bangkok Expressway & Metro PCL | 15,637,782 | 3,864 |
| 1 | Krungthai Card PCL | 2,533,621 | 3,801 |
| | BTS Group Holdings PCL | 17,327,021 | 3,778 |
| | Digital Telecommunications Infrastructure Fund Class F | 10,445,639 | 3,703 |
| | Thai Oil PCL | 2,568,402 | 3,693 |
| | SCB X PCL NVDR | 1,230,600 | 3,438 |
| | PTT Oil & Retail Business PCL | 5,398,700 | 3,423 |
| | TMBThanachart Bank PCL | 90,664,596 | 3,245 |
| 1 | Kasikornbank PCL NVDR | 808,437 | 3,111 |
| | Thai Union Group PCL Class F | 6,518,763 | 3,085 |
| 1 | Siam Makro PCL | 2,971,387 | 2,816 |
| | True Corp. PCL | 20,687,162 | 2,700 |
| | Land & Houses PCL (Registered) | 10,630,708 | 2,569 |
| | Electricity Generating PCL | 528,279 | 2,368 |
| | Asset World Corp. PCL | 14,493,308 | 2,327 |
| | Ratch Group PCL | 2,152,092 | 2,317 |
| | Global Power Synergy PCL Class F | 1,400,152 | 2,282 |
| | Osotspa PCL | 2,721,791 | 1,898 |
| | Berli Jucker PCL | 2,077,782 | 1,866 |
| 1 | IRPC PCL | 20,609,489 | 1,703 |
| | Carabao Group PCL Class F | 706,977 | 1,679 |
| | Land & Houses PCL NVDR | 6,394,100 | 1,545 |
| 1 | Srisawad Corp. PCL | 1,308,304 | 1,412 |
| 1 | Muangthai Capital PCL | 1,426,662 | 1,361 |
| 1 | B Grimm Power PCL | 1,459,652 | 1,294 |
| | Total Access Communication PCL | 1,039,849 | 1,232 |
| | Bangkok Bank PCL (Registered) | 270,602 | 1,036 |
| 1 | Siam City Cement PCL | 177,239 | 703 |
| | Bangkok Life Assurance PCL | 716,902 | 616 |
| 1 | Sri Trang Gloves Thailand PCL | 1,807,810 | 528 |
| | Intouch Holdings PCL NVDR | 273,800 | 518 |
| 1 | Central Pattana PCL NVDR | 258,400 | 468 |
| | Energy Absolute PCL | 164,500 | 419 |
| 1 | Total Access Communication PCL NDVR | 270,000 | 320 |
| 1 | Bangkok Life Assurance PCL NVDR | 354,600 | 305 |
| | Bumrungrad Hospital PCL NDVR | 50,700 | 302 |
| *,2 | Thai Union Group PCL | 369,689 | 171 |
| | Krung Thai Bank PCL NDVR | 166,000 | 77 |
| | | | 306,348 |
| Turkey (0.2%) |
| | BIM Birlesik Magazalar A/S | 922,045 | 6,639 |
| * | Turk Hava Yollari AO | 1,130,081 | 6,151 |
| | | Shares | Market
Value•
($000) |
| | Turkiye Sise ve Cam Fabrikalari A/S | 3,060,932 | 5,458 |
| * | Turkiye Petrol Rafinerileri A/S | 259,034 | 5,247 |
| | KOC Holding A/S | 1,751,569 | 5,225 |
| | Akbank TAS | 6,293,004 | 4,947 |
| * | Sasa Polyester Sanayi A/S | 684,694 | 4,410 |
| | Eregli Demir ve Celik Fabrikalari TAS | 2,742,420 | 4,370 |
| * | Hektas Ticaret TAS | 2,389,479 | 3,674 |
| | Enka Insaat ve Sanayi A/S | 3,582,037 | 3,608 |
| | Turkcell Iletisim Hizmetleri A/S | 2,409,536 | 3,326 |
| | Haci Omer Sabanci Holding A/S | 1,799,946 | 3,241 |
| | Turkiye Is Bankasi A/S Class C | 6,313,240 | 3,163 |
| | Yapi ve Kredi Bankasi A/S | 5,538,422 | 2,742 |
| | Ford Otomotiv Sanayi A/S | 127,094 | 2,480 |
| | Aselsan Elektronik Sanayi Ve Ticaret A/S | 1,204,086 | 2,085 |
| | Aksa Enerji Uretim A/S Class B | 929,564 | 2,068 |
| * | Petkim Petrokimya Holding A/S | 2,452,872 | 1,755 |
| | Turkiye Garanti Bankasi A/S | 1,221,957 | 1,544 |
| * | TAV Havalimanlari Holding A/S | 347,561 | 1,464 |
| * | Penta Teknoloji Urunleri Dag | 392,868 | 1,414 |
| * | Gubre Fabrikalari TAS | 169,759 | 1,330 |
| | Tofas Turk Otomobil Fabrikasi A/S | 244,852 | 1,292 |
| | Arcelik A/S | 303,273 | 1,282 |
| * | Pegasus Hava Tasimaciligi A/S | 72,820 | 1,252 |
| | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class D | 1,898,265 | 1,220 |
| | Coca-Cola Icecek A/S | 128,158 | 1,184 |
| | AG Anadolu Grubu Holding A/S | 251,210 | 1,161 |
| * | Migros Ticaret A/S | 177,614 | 1,155 |
| * | Can2 Termik AS | 146,957 | 1,129 |
| | Anadolu Efes Biracilik Ve Malt Sanayii A/S | 413,314 | 1,063 |
| | Koza Altin Isletmeleri A/S | 94,353 | 987 |
| * | Turkiye Vakiflar Bankasi TAO Class D | 2,061,525 | 948 |
| | Alarko Holding A/S | 263,407 | 909 |
| | Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 3,693,244 | 876 |
| | Aksa Akrilik Kimya Sanayii A/S | 227,798 | 852 |
| | Turk Telekomunikasyon A/S | 1,067,656 | 711 |
| * | Koza Anadolu Metal Madencilik Isletmeleri A/S | 372,399 | 638 |
| | Tekfen Holding A/S | 357,302 | 634 |
| * | Sok Marketler Ticaret A/S | 498,958 | 634 |
| | Dogan Sirketler Grubu Holding A/S | 1,866,875 | 597 |
| | Nuh Cimento Sanayi A/S | 122,088 | 574 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| * | Oyak Cimento Fabrikalari A/S | 624,309 | 564 |
| *,3 | MLP Saglik Hizmetleri A/S | 157,139 | 550 |
| | Turk Traktor ve Ziraat Makineleri A/S | 26,114 | 534 |
| | Borusan Yatirim ve Pazarlama A/S | 13,383 | 534 |
| * | Turkiye Halk Bankasi A/S | 1,203,597 | 533 |
| | Is Yatirim Menkul Degerler A/S | 243,982 | 473 |
| 3 | Enerjisa Enerji A/S | 428,357 | 472 |
| | Dogus Otomotiv Servis ve Ticaret A/S | 64,910 | 428 |
| | Otokar Otomotiv Ve Savunma Sanayi A/S | 14,585 | 415 |
| | Ziraat Gayrimenkul Yatirim Ortakligi A/S | 1,759,881 | 413 |
| | EGE Endustri VE Ticaret A/S | 2,248 | 399 |
| | Kordsa Teknik Tekstil A/S | 112,344 | 387 |
| | Iskenderun Demir ve Celik A/S | 273,450 | 374 |
| | Vestel Elektronik Sanayi ve Ticaret A/S | 149,525 | 371 |
| * | Is Gayrimenkul Yatirim Ortakligi A/S | 848,161 | 347 |
| | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | 314,404 | 336 |
| * | Sinpas Gayrimenkul Yatirim Ortakligi A/S | 1,132,852 | 329 |
| | Aygaz A/S | 102,347 | 324 |
| | Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S | 93,395 | 237 |
| | Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S | 249,669 | 231 |
| * | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 176,657 | 204 |
| * | Torunlar Gayrimenkul Yatirim Ortakligi A/S | 298,744 | 191 |
| | | | 104,085 |
| United Arab Emirates (0.5%) |
| | Emirates Telecommunications Group Co. PJSC | 7,077,304 | 49,740 |
| | First Abu Dhabi Bank PJSC | 8,984,298 | 43,814 |
| * | Alpha Dhabi Holding PJSC | 2,723,756 | 18,171 |
| | Abu Dhabi Commercial Bank PJSC | 5,636,743 | 14,510 |
| | Emaar Properties PJSC | 8,163,058 | 13,475 |
| | Dubai Islamic Bank PJSC | 5,811,498 | 9,207 |
| | Aldar Properties PJSC | 7,207,229 | 8,478 |
| | Abu Dhabi Islamic Bank PJSC | 2,978,840 | 7,708 |
| * | Multiply Group | 6,848,161 | 7,384 |
| | Abu Dhabi National Oil Co. for Distribution PJSC | 5,827,226 | 7,162 |
| | Dubai Electricity & Water Authority PJSC | 6,810,534 | 4,526 |
| * | Q Holding PJSC | 4,112,712 | 4,429 |
| | | Shares | Market
Value•
($000) |
| | Fertiglobe plc | 2,369,418 | 3,282 |
| | ADNOC Drilling Co. PJSC | 3,194,218 | 2,912 |
| | Borouge plc | 3,746,340 | 2,772 |
| * | Abu Dhabi Ports Co. PJSC | 1,781,131 | 2,752 |
| | Air Arabia PJSC | 4,627,370 | 2,570 |
| | Dubai Investments PJSC | 4,174,704 | 2,477 |
| * | Emaar Development PJSC | 1,643,346 | 1,914 |
| | Dana Gas PJSC | 7,038,745 | 1,802 |
| | Dubai Financial Market PJSC | 3,201,832 | 1,231 |
| * | Apex Investments Co. PSC | 1,019,338 | 1,065 |
| * | Al Seer Marine Supplies + Eq | 390,180 | 961 |
| | Aramex PJSC | 929,186 | 919 |
| | | | 213,261 |
| United Kingdom (10.1%) |
| | Shell plc (XLON) | 14,902,730 | 412,829 |
| | AstraZeneca plc | 3,008,716 | 353,019 |
| | HSBC Holdings plc | 40,995,568 | 210,391 |
| | BP plc | 37,788,374 | 209,068 |
| | Diageo plc | 4,594,017 | 189,055 |
| | British American Tobacco plc | 4,562,112 | 180,174 |
| | Glencore plc | 26,644,989 | 152,758 |
| | GSK plc | 8,136,777 | 133,289 |
| | Unilever plc | 2,597,169 | 118,541 |
| | Unilever plc (XLON) | 2,570,744 | 116,851 |
| | Rio Tinto plc | 2,215,493 | 115,785 |
| | Reckitt Benckiser Group plc | 1,456,171 | 96,637 |
| | National Grid plc | 7,426,478 | 80,912 |
| | Compass Group plc | 3,625,364 | 76,357 |
| | Anglo American plc | 2,457,736 | 73,619 |
| | Lloyds Banking Group plc | 139,284,515 | 66,894 |
| | London Stock Exchange Group plc | 745,150 | 64,591 |
| | RELX plc | 2,277,136 | 61,165 |
| | BAE Systems plc | 6,427,509 | 60,120 |
| | Vodafone Group plc | 51,126,669 | 59,685 |
| | Experian plc | 1,871,230 | 59,665 |
| | Barclays plc | 32,903,856 | 55,912 |
| | CRH plc (XDUB) | 1,555,533 | 55,879 |
| | Prudential plc (XLON) | 5,600,060 | 52,023 |
| | Imperial Brands plc | 1,924,452 | 46,878 |
| | Ferguson plc | 429,131 | 46,800 |
| | Ashtead Group plc | 898,204 | 46,790 |
| | RELX plc (XLON) | 1,494,869 | 40,184 |
| | SSE plc | 2,174,734 | 38,864 |
| | Tesco plc | 15,069,902 | 37,221 |
| | Legal & General Group plc | 12,090,473 | 32,345 |
| | Rentokil Initial plc | 5,138,691 | 32,066 |
| * | Haleon plc | 10,174,975 | 31,201 |
| | Standard Chartered plc | 4,976,735 | 29,735 |
| | NatWest Group plc | 10,351,352 | 27,879 |
| | Aviva plc | 5,694,985 | 27,317 |
| * | Flutter Entertainment plc (XDUB) | 203,930 | 27,029 |
| | 3i Group plc | 1,939,559 | 25,832 |
| | Bunzl plc | 686,297 | 22,363 |
| | Segro plc | 2,442,525 | 21,983 |
| | Croda International plc | 274,644 | 21,277 |
| | BT Group plc | 14,152,959 | 21,091 |
| | Smith & Nephew plc | 1,778,722 | 21,019 |
| | | Shares | Market
Value•
($000) |
| * | Flutter Entertainment plc | 153,048 | 20,213 |
| | InterContinental Hotels Group plc | 372,302 | 20,004 |
| | WPP plc | 2,173,244 | 19,125 |
| | Halma plc | 771,604 | 18,711 |
| | Informa plc | 2,927,005 | 18,651 |
| | Spirax-Sarco Engineering plc | 149,642 | 18,441 |
| | Smurfit Kappa Group plc | 530,540 | 17,499 |
| | Sage Group plc | 2,073,779 | 17,284 |
| | Entain plc | 1,191,902 | 17,243 |
| | Burberry Group plc | 800,006 | 16,670 |
| | Mondi plc (XLON) | 987,411 | 16,567 |
| | Pearson plc | 1,492,490 | 16,497 |
| * | Rolls-Royce Holdings plc | 17,082,379 | 15,321 |
| | United Utilities Group plc | 1,386,900 | 14,945 |
| | Severn Trent plc | 508,985 | 14,608 |
| | Next plc | 250,776 | 14,164 |
| | Intertek Group plc | 328,779 | 13,773 |
| | Admiral Group plc | 578,694 | 13,383 |
| | St. James's Place plc | 1,083,695 | 13,234 |
| | Smiths Group plc | 735,926 | 13,182 |
| | Whitbread plc | 409,274 | 12,046 |
| 3 | Auto Trader Group plc | 1,873,503 | 11,214 |
| | DCC plc | 200,244 | 11,114 |
| | Associated British Foods plc | 708,694 | 10,984 |
| | Melrose Industries plc | 8,183,135 | 10,977 |
| | Centrica plc | 11,975,689 | 10,523 |
| | Electrocomponents plc | 955,818 | 10,517 |
| | M&G plc | 5,150,010 | 10,350 |
| | Kingfisher plc | 4,040,543 | 10,152 |
| | Persimmon plc | 663,291 | 9,925 |
| | Rightmove plc | 1,692,511 | 9,531 |
| | Land Securities Group plc | 1,456,556 | 9,524 |
| | Antofagasta plc | 702,398 | 9,465 |
| | Phoenix Group Holdings plc | 1,489,603 | 9,271 |
| | Weir Group plc | 528,032 | 9,200 |
| | Barratt Developments plc | 2,076,120 | 8,954 |
| | Coca-Cola HBC AG | 397,559 | 8,684 |
| | AVEVA Group plc | 241,162 | 8,631 |
| | DS Smith plc | 2,578,829 | 8,600 |
| 3 | ConvaTec Group plc | 3,315,374 | 8,296 |
| | Berkeley Group Holdings plc | 208,246 | 8,286 |
| | Johnson Matthey plc | 368,677 | 8,184 |
| | Abrdn plc | 4,345,112 | 7,918 |
| | British Land Co. plc | 1,870,381 | 7,846 |
| | J Sainsbury plc | 3,509,586 | 7,823 |
| | Taylor Wimpey plc | 7,143,761 | 7,680 |
| | HomeServe plc | 563,814 | 7,674 |
| | IMI plc | 520,105 | 7,327 |
| * | Wise plc Class A | 948,840 | 7,227 |
| | Intermediate Capital Group plc | 591,477 | 7,202 |
| | B&M European Value Retail SA | 1,891,262 | 6,989 |
| | Hiscox Ltd. | 676,392 | 6,968 |
| | Dechra Pharmaceuticals plc | 224,761 | 6,757 |
| | Hargreaves Lansdown plc | 766,040 | 6,695 |
| | UNITE Group plc | 652,707 | 6,667 |
| | Howden Joinery Group plc | 1,120,251 | 6,599 |
| | Tate & Lyle plc | 812,635 | 6,530 |
FTSE All-World ex-US Index Fund
| | | Shares | Market
Value•
($000) |
| | Endeavour Mining plc | 374,139 | 6,507 |
| * | Ocado Group plc | 1,181,128 | 6,403 |
| | Direct Line Insurance Group plc | 2,673,560 | 6,177 |
| | Schroders plc | 1,324,844 | 5,949 |
| | ITV plc | 7,496,962 | 5,772 |
| | JD Sports Fashion plc | 4,978,347 | 5,563 |
| | Bellway plc | 249,907 | 5,315 |
| | Pennon Group plc | 527,882 | 5,073 |
| | Derwent London plc | 203,273 | 5,031 |
| | Hikma Pharmaceuticals plc | 323,477 | 4,644 |
| | Royal Mail plc | 1,775,637 | 4,108 |
| *,1 | TUI AG | 2,445,394 | 3,691 |
| | Dr. Martens plc | 1,151,776 | 3,276 |
| *,1 | International Consolidated Airlines Group SA | 2,254,448 | 3,136 |
| | Fresnillo plc | 369,428 | 3,089 |
| * | easyJet plc | 741,836 | 2,954 |
| | Airtel Africa plc | 2,184,131 | 2,827 |
| | Renishaw plc | 68,468 | 2,747 |
| 2 | Evraz plc | 1,117,658 | — |
| *,2 | NMC Health plc | 140,418 | — |
| | | | 4,387,200 |
Total Common Stocks
(Cost $43,141,849) | 43,263,166 |
| | | Shares | Market
Value•
($000) |
| Temporary Cash Investments (0.8%) |
| Money Market Fund (0.8%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $355,020) | 3,551,499 | 355,079 |
| Total Investments (100.3%) (Cost $43,496,869) | 43,618,245 |
| Other Assets and Liabilities—Net (-0.3%) | (111,489) |
| Net Assets (100%) | 43,506,756 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $317,345,000. |
| 2 | Security value determined using significant unobservable inputs. |
| 3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $1,137,821,000, representing 2.6% of net assets. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $349,634,000 was received for securities on loan, of which $280,595,000 is held in Vanguard Market Liquidity Fund and $69,039,000 is held in cash. |
| | ADR—American Depositary Receipt. |
| | GDR—Global Depositary Receipt. |
| | NVDR—Non-Voting Depository Receipt. |
| | Ptg. Ctf.—Participating Certificates. |
| | REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| MSCI EAFE Index | December 2022 | 2,142 | 188,057 | 2,322 |
| MSCI Emerging Markets Index | December 2022 | 1,926 | 82,201 | (5,804) |
| S&P ASX 200 Index | December 2022 | 59 | 6,469 | (144) |
| Topix Index | December 2022 | 26 | 3,368 | 30 |
| | | | | (3,596) |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| HSBC Bank plc | 12/21/22 | AUD | 34,279 | USD | 21,528 | 436 | — |
| Goldman Sachs International | 12/21/22 | BRL | 29,238 | USD | 5,475 | 122 | — |
| HSBC Bank plc | 12/21/22 | GBP | 22,041 | USD | 24,776 | 548 | — |
| Barclays Bank plc | 12/21/22 | HKD | 139,056 | USD | 17,733 | — | (6) |
| BNP Paribas | 12/21/22 | INR | 1,207,840 | USD | 15,015 | — | (488) |
| UBS AG | 12/21/22 | INR | 619,078 | USD | 7,711 | — | (265) |
| HSBC Bank plc | 12/21/22 | INR | 597,881 | USD | 7,425 | — | (233) |
| Citibank, N.A. | 12/21/22 | INR | 594,801 | USD | 7,373 | — | (219) |
| Barclays Bank plc | 12/21/22 | INR | 368,630 | USD | 4,406 | 28 | — |
FTSE All-World ex-US Index Fund
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| JPMorgan Chase Bank, N.A. | 12/21/22 | JPY | 1,108,370 | USD | 7,861 | — | (356) |
| Bank of Montreal | 12/21/22 | USD | 22,042 | AUD | 32,497 | 1,220 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 4,722 | AUD | 7,014 | 228 | — |
| Barclays Bank plc | 12/21/22 | USD | 23,689 | BRL | 126,661 | — | (560) |
| UBS AG | 12/21/22 | USD | 1,136 | CAD | 1,492 | 40 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 28,716 | CHF | 28,034 | 538 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 27,587 | CHF | 26,935 | 513 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 29,251 | EUR | 28,937 | 527 | — |
| Bank of Montreal | 12/21/22 | USD | 10,045 | EUR | 10,060 | 60 | — |
| Bank of America, N.A. | 12/21/22 | USD | 10,042 | EUR | 10,060 | 57 | — |
| BNP Paribas | 12/21/22 | USD | 28,210 | GBP | 24,522 | 36 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 20,152 | GBP | 17,364 | 202 | — |
| Toronto-Dominion Bank | 12/21/22 | USD | 40,733 | HKD | 319,114 | 53 | — |
| UBS AG | 12/21/22 | USD | 60,492 | JPY | 8,670,189 | 1,783 | — |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 6,145 | JPY | 869,850 | 255 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 6,654 | KRW | 9,136,189 | 232 | — |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 10,967 | SEK | 117,535 | 274 | — |
| BNP Paribas | 12/21/22 | USD | 7,813 | TWD | 240,543 | 314 | — |
| | | | | | | 7,466 | (2,127) |
| AUD—Australian dollar. |
| BRL—Brazilian real. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| EUR—euro. |
| GBP—British pound. |
| HKD—Hong Kong dollar. |
| INR—Indian rupee. |
| JPY—Japanese yen. |
| KRW—Korean won. |
| SEK—Swedish krona. |
| TWD—Taiwanese dollar. |
| USD—U.S. dollar. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $3,366,000 and cash of $2,210,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Index Fund
Statement of Assets and Liabilities
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $43,141,849) | 43,263,166 |
| Affiliated Issuers (Cost $355,020) | 355,079 |
| Total Investments in Securities | 43,618,245 |
| Investment in Vanguard | 1,665 |
| Cash | 69,039 |
| Cash Collateral Pledged—Futures Contracts | 14,435 |
| Cash Collateral Pledged—Forward Currency Contracts | 440 |
| Foreign Currency, at Value (Cost $43,874) | 40,753 |
| Receivables for Investment Securities Sold | 17,294 |
| Receivables for Accrued Income | 185,747 |
| Receivables for Capital Shares Issued | 20,108 |
| Unrealized Appreciation—Forward Currency Contracts | 7,466 |
| Total Assets | 43,975,192 |
| Liabilities | |
| Due to Custodian | 15,204 |
| Payables for Investment Securities Purchased | 2,734 |
| Collateral for Securities on Loan | 349,634 |
| Payables for Capital Shares Redeemed | 33,504 |
| Payables to Vanguard | 4,785 |
| Variation Margin Payable—Futures Contracts | 1,919 |
| Unrealized Depreciation—Forward Currency Contracts | 2,127 |
| Deferred Foreign Capital Gains Taxes | 58,529 |
| Total Liabilities | 468,436 |
| Net Assets | 43,506,756 |
| 1 Includes $317,345 of securities on loan. | |
| At October 31, 2022, net assets consisted of: | |
| | |
| Paid-in Capital | 47,162,072 |
| Total Distributable Earnings (Loss) | (3,655,316) |
| Net Assets | 43,506,756 |
| |
| ETF Shares—Net Assets | |
Applicable to 644,767,124 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 29,523,527 |
| Net Asset Value Per Share—ETF Shares | $45.79 |
| |
| Admiral Shares—Net Assets | |
Applicable to 239,051,347 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 6,803,907 |
| Net Asset Value Per Share—Admiral Shares | $28.46 |
| |
| Institutional Shares—Net Assets | |
Applicable to 49,096,394 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 4,429,888 |
| Net Asset Value Per Share—Institutional Shares | $90.23 |
| |
| Institutional Plus Shares—Net Assets | |
Applicable to 28,775,012 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 2,749,434 |
| Net Asset Value Per Share—Institutional Plus Shares | $95.55 |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Index Fund
Statement of Operations
|
| | | Year Ended
October 31, 2022 |
| | | ($000) |
| Investment Income | | |
| Income | | |
| Dividends1 | | 1,603,164 |
| Interest2 | | 1,582 |
| Securities Lending—Net | | 9,929 |
| Total Income | | 1,614,675 |
| Expenses | | |
| The Vanguard Group—Note B | | |
| Investment Advisory Services | | 2,185 |
Management and Administrative—
ETF Shares | | 16,411 |
Management and Administrative—
Admiral Shares | | 6,646 |
Management and Administrative—
Institutional Shares | | 3,122 |
Management and Administrative—
Institutional Plus Shares | | 1,385 |
Marketing and Distribution—
ETF Shares | | 1,048 |
Marketing and Distribution—
Admiral Shares | | 366 |
Marketing and Distribution—
Institutional Shares | | 181 |
Marketing and Distribution—
Institutional Plus Shares | | 100 |
| Custodian Fees | | 5,430 |
| Auditing Fees | | 43 |
| Shareholders’ Reports—ETF Shares | | 615 |
| Shareholders’ Reports—Admiral Shares | | 89 |
| Shareholders’ Reports—Institutional Shares | | 24 |
| Shareholders’ Reports—Institutional Plus Shares | | 8 |
| Trustees’ Fees and Expenses | | 18 |
| Professional Services | | 3,343 |
| Other Expenses | | 72 |
| Total Expenses | | 41,086 |
| Expenses Paid Indirectly | | (11) |
| Net Expenses | | 41,075 |
| Net Investment Income | | 1,573,600 |
| Realized Net Gain (Loss) | | |
| Investment Securities Sold2,3,4 | | (786,677) |
| Futures Contracts | | (108,763) |
| Forward Currency Contracts | | 19,428 |
| Foreign Currencies | | (30,887) |
| Realized Net Gain (Loss) | | (906,899) |
| Change in Unrealized Appreciation (Depreciation) | | |
| Investment Securities2,5 | | (14,157,900) |
| Futures Contracts | | 787 |
| Forward Currency Contracts | | 5,248 |
| Foreign Currencies | | (10,637) |
| Change in Unrealized Appreciation (Depreciation) | | (14,162,502) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | (13,495,801) |
| | | |
| 1 | Dividends are net of foreign withholding taxes of $123,734,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,440,000, ($130,000), $3,000, and $46,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | Realized gain (loss) is net of foreign capital gain taxes of $(2,000). |
| 4 | Includes $13,821,000 of net gain (loss) resulting from in-kind redemptions. |
| 5 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($3,988,000). |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Index Fund
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 1,573,600 | 1,328,368 |
| Realized Net Gain (Loss) | (906,899) | 61,245 |
| Change in Unrealized Appreciation (Depreciation) | (14,162,502) | 10,391,249 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (13,495,801) | 11,780,862 |
| Distributions | | |
| ETF Shares | (1,074,120) | (802,031) |
| Admiral Shares | (250,526) | (202,435) |
| Institutional Shares | (165,476) | (138,484) |
| Institutional Plus Shares | (110,877) | (98,843) |
| Total Distributions | (1,600,999) | (1,241,793) |
| Capital Share Transactions | | |
| ETF Shares | 4,188,638 | 4,593,633 |
| Admiral Shares | 512,944 | (75,871) |
| Institutional Shares | 246,411 | (158,514) |
| Institutional Plus Shares | (375,033) | (63,263) |
| Net Increase (Decrease) from Capital Share Transactions | 4,572,960 | 4,295,985 |
| Total Increase (Decrease) | (10,523,840) | 14,835,054 |
| Net Assets | | |
| Beginning of Period | 54,030,596 | 39,195,542 |
| End of Period | 43,506,756 | 54,030,596 |
FTSE All-World ex-US Index Fund
| ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $62.49 | $49.33 | $51.58 | $47.79 | $53.65 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.749 | 1.604 | 1.211 | 1.629 | 1.557 |
| Net Realized and Unrealized Gain (Loss) on Investments | (16.658) | 13.047 | (2.166) | 3.692 | (5.911) |
| Total from Investment Operations | (14.909) | 14.651 | (.955) | 5.321 | (4.354) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.791) | (1.491) | (1.295) | (1.531) | (1.506) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.791) | (1.491) | (1.295) | (1.531) | (1.506) |
| Net Asset Value, End of Period | $45.79 | $62.49 | $49.33 | $51.58 | $47.79 |
| Total Return | -24.27% | 29.82% | -1.83% | 11.42% | -8.37% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $29,524 | $35,493 | $24,308 | $24,652 | $21,348 |
| Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.07% | 0.08% | 0.08% | 0.09% |
| Ratio of Net Investment Income to Average Net Assets | 3.22% | 2.62% | 2.46% | 3.30% | 2.91% |
| Portfolio Turnover Rate3 | 3% | 5% | 4% | 4% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| Admiral Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $38.84 | $30.66 | $32.06 | $29.70 | $33.35 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.069 | .972 | .750 | 1.010 | .969 |
| Net Realized and Unrealized Gain (Loss) on Investments | (10.351) | 8.121 | (1.355) | 2.289 | (3.682) |
| Total from Investment Operations | (9.282) | 9.093 | (.605) | 3.299 | (2.713) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.098) | (.913) | (.795) | (.939) | (.937) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.098) | (.913) | (.795) | (.939) | (.937) |
| Net Asset Value, End of Period | $28.46 | $38.84 | $30.66 | $32.06 | $29.70 |
| Total Return2 | -24.30% | 29.76% | -1.89% | 11.38% | -8.37% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $6,804 | $8,667 | $6,919 | $6,717 | $5,458 |
| Ratio of Total Expenses to Average Net Assets | 0.12%3 | 0.11% | 0.11% | 0.11% | 0.11% |
| Ratio of Net Investment Income to Average Net Assets | 3.16% | 2.56% | 2.46% | 3.29% | 2.89% |
| Portfolio Turnover Rate4 | 3% | 5% | 4% | 4% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.12%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $123.14 | $97.19 | $101.64 | $94.16 | $105.72 |
| Investment Operations | | | | | |
| Net Investment Income1 | 3.422 | 3.108 | 2.380 | 3.224 | 3.046 |
| Net Realized and Unrealized Gain (Loss) on Investments | (32.817) | 25.772 | (4.281) | 7.271 | (11.621) |
| Total from Investment Operations | (29.395) | 28.880 | (1.901) | 10.495 | (8.575) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (3.515) | (2.930) | (2.549) | (3.015) | (2.985) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (3.515) | (2.930) | (2.549) | (3.015) | (2.985) |
| Net Asset Value, End of Period | $90.23 | $123.14 | $97.19 | $101.64 | $94.16 |
| Total Return | -24.28% | 29.82% | -1.87% | 11.42% | -8.35% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $4,430 | $5,753 | $4,658 | $4,991 | $4,719 |
| Ratio of Total Expenses to Average Net Assets | 0.09%2 | 0.08% | 0.08% | 0.08% | 0.08% |
| Ratio of Net Investment Income to Average Net Assets | 3.19% | 2.58% | 2.45% | 3.31% | 2.92% |
| Portfolio Turnover Rate3 | 3% | 5% | 4% | 4% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.09%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| Institutional Plus Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $130.41 | $102.93 | $107.63 | $99.71 | $111.96 |
| Investment Operations | | | | | |
| Net Investment Income1 | 3.572 | 3.312 | 2.548 | 3.403 | 3.336 |
| Net Realized and Unrealized Gain (Loss) on Investments | (34.687) | 27.296 | (4.528) | 7.725 | (12.397) |
| Total from Investment Operations | (31.115) | 30.608 | (1.980) | 11.128 | (9.061) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (3.745) | (3.128) | (2.720) | (3.208) | (3.189) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (3.745) | (3.128) | (2.720) | (3.208) | (3.189) |
| Net Asset Value, End of Period | $95.55 | $130.41 | $102.93 | $107.63 | $99.71 |
| Total Return | -24.27% | 29.84% | -1.83% | 11.43% | -8.33% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $2,749 | $4,118 | $3,311 | $2,793 | $2,588 |
| Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.06% | 0.06% | 0.06% | 0.06% |
| Ratio of Net Investment Income to Average Net Assets | 3.13% | 2.60% | 2.48% | 3.30% | 2.94% |
| Portfolio Turnover Rate3 | 3% | 5% | 4% | 4% | 6% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Index Fund
Notes to Financial Statements
Vanguard FTSE All-World ex-US Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers four classes of shares: ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
FTSE All-World ex-US Index Fund
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates.
The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
FTSE All-World ex-US Index Fund
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund's understanding of the applicable countries' tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and professional services, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $1,665,000, representing less than 0.01% of the fund’s net assets and 0.67% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
FTSE All-World ex-US Index Fund
| C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $11,000 (an annual rate of less than 0.01% of average net assets). |
| D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks—North and South America | 4,290,355 | 78,054 | 427 | 4,368,836 |
| Common Stocks—Other | 579,860 | 38,310,552 | 3,918 | 38,894,330 |
| Temporary Cash Investments | 355,079 | — | — | 355,079 |
| Total | 5,225,294 | 38,388,606 | 4,345 | 43,618,245 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 2,352 | — | — | 2,352 |
| Forward Currency Contracts | — | 7,466 | — | 7,466 |
| Total | 2,352 | 7,466 | — | 9,818 |
| Liabilities | | | | |
| Futures Contracts1 | 5,948 | — | — | 5,948 |
| Forward Currency Contracts | — | 2,127 | — | 2,127 |
| Total | 5,948 | 2,127 | — | 8,075 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
| E. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 2,352 | — | 2,352 |
| Unrealized Appreciation—Forward Currency Contracts | — | 7,466 | 7,466 |
| Total Assets | 2,352 | 7,466 | 9,818 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 5,948 | — | 5,948 |
| Unrealized Depreciation—Forward Currency Contracts | — | 2,127 | 2,127 |
| Total Liabilities | 5,948 | 2,127 | 8,075 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
FTSE All-World ex-US Index Fund
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (108,763) | — | (108,763) |
| Forward Currency Contracts | — | 19,428 | 19,428 |
| Realized Net Gain (Loss) on Derivatives | (108,763) | 19,428 | (89,335) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | 787 | — | 787 |
| Forward Currency Contracts | — | 5,248 | 5,248 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | 787 | 5,248 | 6,035 |
| F. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable in-kind redemptions, foreign currency transactions, passive foreign investment companies, and tax expense on capital gains were reclassified between the following accounts: |
| | Amount
($000) |
| Paid-in Capital | 13,486 |
| Total Distributable Earnings (Loss) | (13,486) |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 421,183 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (3,735,507) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (371,079) |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 1,600,999 | 1,241,793 |
| Long-Term Capital Gains | — | — |
| Total | 1,600,999 | 1,241,793 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 43,920,574 |
| Gross Unrealized Appreciation | 9,555,704 |
| Gross Unrealized Depreciation | (9,857,785) |
| Net Unrealized Appreciation (Depreciation) | (302,081) |
FTSE All-World ex-US Index Fund
| G. | During the year ended October 31, 2022, the fund purchased $6,374,031,000 of investment securities and sold $1,715,757,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,325,864,000 and $26,163,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
| H. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| ETF Shares | | | | | |
| Issued | 4,220,930 | 77,405 | | 4,593,633 | 75,180 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | (32,292) | (600) | | — | — |
| Net Increase (Decrease)—ETF Shares | 4,188,638 | 76,805 | | 4,593,633 | 75,180 |
| Admiral Shares | | | | | |
| Issued | 2,458,545 | 75,541 | | 1,290,341 | 33,990 |
| Issued in Lieu of Cash Distributions | 191,775 | 5,730 | | 156,591 | 4,131 |
| Redeemed | (2,137,376) | (65,341) | | (1,522,803) | (40,678) |
| Net Increase (Decrease)—Admiral Shares | 512,944 | 15,930 | | (75,871) | (2,557) |
| Institutional Shares | | | | | |
| Issued | 1,299,195 | 12,163 | | 1,228,357 | 10,176 |
| Issued in Lieu of Cash Distributions | 140,575 | 1,321 | | 118,708 | 989 |
| Redeemed | (1,193,359) | (11,108) | | (1,505,579) | (12,372) |
| Net Increase (Decrease)—Institutional Shares | 246,411 | 2,376 | | (158,514) | (1,207) |
| Institutional Plus Shares | | | | | |
| Issued | 485,285 | 4,355 | | 928,541 | 7,493 |
| Issued in Lieu of Cash Distributions | 109,314 | 966 | | 96,141 | 756 |
| Redeemed | (969,632) | (8,121) | | (1,087,945) | (8,842) |
| Net Increase (Decrease)—Institutional Plus Shares | (375,033) | (2,800) | | (63,263) | (593) |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
FTSE All-World ex-US Small-Cap Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| FTSE All-World ex-US Small-Cap Index Fund ETF Shares Net Asset Value | -28.52% | -1.23% | 3.78% | $14,486 |
| | FTSE All-World ex-US Small-Cap Index Fund ETF Shares Market Price | -28.50 | -1.24 | 3.76 | 14,468 |
| FTSE Global Small-Cap ex US Index | -28.55 | -1.33 | 3.65 | 14,310 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Since
Inception
(2/7/2019) | Final Value
of a $10,000
Investment |
| FTSE All-World ex-US Small-Cap Index Fund Admiral Shares | -28.61% | 0.81% | $10,304 |
| FTSE Global Small-Cap ex US Index | -28.55 | 0.75 | 10,282 |
| FTSE Global All Cap ex US Index | -24.65 | 1.15 | 10,436 |
“Since Inception” performance is calculated from the Admiral Shares’ inception date for both the fund and its comparative standard(s).
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| FTSE All-World ex-US Small-Cap Index Fund Institutional Shares | -28.55% | -1.25% | 3.77% | $7,240,938 |
| FTSE Global Small-Cap ex US Index | -28.55 | -1.33 | 3.65 | 7,155,008 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 7,167,958 |
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| FTSE All-World ex-US Small-Cap Index Fund ETF Shares Market Price | -28.50% | -6.04% | 44.68% |
| FTSE All-World ex-US Small-Cap Index Fund ETF Shares Net Asset Value | -28.52 | -6.02 | 44.86 |
| FTSE Global Small-Cap ex US Index | -28.55 | -6.45 | 43.10 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
See Financial Highlights for dividend and capital gains information.
FTSE All-World ex-US Small-Cap Index Fund
| Canada | 16.9% |
| Japan | 13.7 |
| United Kingdom | 9.2 |
| Taiwan | 7.0 |
| India | 5.8 |
| Australia | 5.3 |
| China | 5.0 |
| South Korea | 3.9 |
| Sweden | 3.8 |
| Germany | 3.0 |
| Switzerland | 2.8 |
| France | 2.6 |
| Italy | 1.8 |
| Brazil | 1.7 |
| Thailand | 1.7 |
| Denmark | 1.5 |
| Norway | 1.4 |
| Spain | 1.3 |
| Belgium | 1.1 |
| Netherlands | 1.0 |
| Other | 9.5 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
FTSE All-World ex-US Small-Cap Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.1%) |
| Australia (5.3%) |
| | Steadfast Group Ltd. | 3,486,404 | 11,295 |
| | Technology One Ltd. | 1,000,441 | 7,696 |
| * | Liontown Resources Ltd. | 6,185,246 | 7,447 |
| | nib holdings Ltd. | 1,694,767 | 7,252 |
| | Nine Entertainment Co. Holdings Ltd. | 5,307,608 | 7,009 |
| | National Storage REIT | 4,050,154 | 6,777 |
| | Charter Hall Long Wale REIT | 2,351,634 | 6,557 |
| 1 | Breville Group Ltd. | 507,686 | 6,433 |
| | Reliance Worldwide Corp. Ltd. | 2,880,021 | 5,917 |
| * | Paladin Energy Ltd. | 10,843,893 | 5,871 |
| 1 | Eagers Automotive Ltd. | 736,779 | 5,841 |
| 2 | Viva Energy Group Ltd. | 3,135,177 | 5,691 |
| | Perseus Mining Ltd. | 4,828,169 | 5,623 |
| * | Core Lithium Ltd. | 6,172,901 | 5,458 |
| | Bapcor Ltd. | 1,237,576 | 5,233 |
| | ARB Corp. Ltd. | 280,641 | 5,211 |
| | HomeCo Daily Needs REIT | 6,267,020 | 5,128 |
| | BWP Trust | 1,893,430 | 4,953 |
| | Champion Iron Ltd. | 1,644,743 | 4,947 |
| | Premier Investments Ltd. | 296,259 | 4,744 |
| | Elders Ltd. | 560,861 | 4,676 |
| | Waypoint REIT Ltd. | 2,654,960 | 4,636 |
| | Corporate Travel Management Ltd. | 413,057 | 4,612 |
| * | Webjet Ltd. | 1,362,911 | 4,603 |
| | IRESS Ltd. | 708,409 | 4,598 |
| | Pendal Group Ltd. | 1,445,678 | 4,541 |
| | Charter Hall Retail REIT | 1,735,463 | 4,469 |
| | Healius Ltd. | 2,022,513 | 4,431 |
| | GrainCorp Ltd. Class A | 804,550 | 4,325 |
| | Link Administration Holdings Ltd. | 1,863,123 | 4,074 |
| *,3 | AVZ Minerals Ltd. | 9,005,310 | 4,044 |
| | Super Retail Group Ltd. | 597,107 | 3,926 |
| | AUB Group Ltd. | 295,625 | 3,912 |
| | Lifestyle Communities Ltd. | 343,118 | 3,852 |
| * | Syrah Resources Ltd. | 2,450,421 | 3,743 |
| | Centuria Industrial REIT | 1,921,980 | 3,735 |
| | IPH Ltd. | 581,819 | 3,700 |
| * | Sayona Mining Ltd. | 24,447,848 | 3,672 |
| * | EVENT Hospitality and Entertainment Ltd. | 379,747 | 3,626 |
| | Ingenia Communities Group | 1,352,739 | 3,395 |
| | HUB24 Ltd. | 207,818 | 3,370 |
| * | De Grey Mining Ltd. | 4,971,674 | 3,363 |
| * | Lake Resources NL | 4,892,292 | 3,299 |
| | Sandfire Resources Ltd. (XASX) | 1,475,535 | 3,286 |
| | Gold Road Resources Ltd. | 3,780,381 | 3,267 |
| | InvoCare Ltd. | 498,297 | 3,259 |
| | | Shares | Market
Value•
($000) |
| | Chalice Mining Ltd. | 1,184,744 | 3,235 |
| 2 | Coronado Global Resources Inc. GDR | 2,682,428 | 3,200 |
| | Abacus Property Group | 1,756,767 | 3,149 |
| | Brickworks Ltd. | 217,425 | 3,078 |
| 1 | New Hope Corp. Ltd. | 819,099 | 2,975 |
| | Lovisa Holdings Ltd. | 190,289 | 2,962 |
| *,1 | PolyNovo Ltd. | 2,316,965 | 2,952 |
| | Arena REIT | 1,142,733 | 2,878 |
| | Monadelphous Group Ltd. | 326,201 | 2,852 |
| *,2 | Life360 Inc. GDR | 647,071 | 2,844 |
| * | Omni Bridgeway Ltd. | 982,610 | 2,829 |
| | Costa Group Holdings Ltd. (XASX) | 1,723,802 | 2,805 |
| | Centuria Capital Group | 2,602,020 | 2,804 |
| *,1 | ioneer Ltd. | 7,557,083 | 2,678 |
| | Tassal Group Ltd. | 796,557 | 2,645 |
| | GUD Holdings Ltd. | 510,212 | 2,624 |
| | Cromwell Property Group | 5,842,775 | 2,620 |
| | Genworth Mortgage Insurance Australia Ltd. | 1,506,872 | 2,616 |
| *,1 | Telix Pharmaceuticals Ltd. | 588,391 | 2,608 |
| | Johns Lyng Group Ltd. | 619,316 | 2,575 |
| | Charter Hall Social Infrastructure REIT | 1,149,457 | 2,553 |
| | Regis Resources Ltd. | 2,582,669 | 2,518 |
| | NRW Holdings Ltd. | 1,535,447 | 2,506 |
| * | Nanosonics Ltd. | 934,924 | 2,451 |
| | Netwealth Group Ltd. | 308,526 | 2,396 |
| * | Imugene Ltd. | 21,387,553 | 2,384 |
| * | Karoon Energy Ltd. | 1,751,661 | 2,382 |
| * | West African Resources Ltd. | 3,597,018 | 2,382 |
| *,1 | Capricorn Metals Ltd. | 1,093,849 | 2,372 |
| | Blackmores Ltd. | 54,163 | 2,354 |
| | APM Human Services International Ltd. | 1,117,416 | 2,339 |
| | Data#3 Ltd. | 530,461 | 2,337 |
| | Credit Corp. Group Ltd. | 196,533 | 2,336 |
| | Nickel Mines Ltd. | 4,911,388 | 2,295 |
| * | Silver Lake Resources Ltd. | 3,146,001 | 2,228 |
| | Bega Cheese Ltd. | 1,080,442 | 2,219 |
| | Austal Ltd. | 1,376,274 | 2,191 |
| | Growthpoint Properties Australia Ltd. | 1,028,143 | 2,189 |
| | Collins Foods Ltd. | 361,988 | 2,173 |
| | Rural Funds Group | 1,304,890 | 2,129 |
| * | Megaport Ltd. | 537,358 | 2,084 |
| | Pinnacle Investment Management Group Ltd. | 392,237 | 2,039 |
| | GQG Partners Inc. GDR | 2,204,312 | 2,021 |
| | United Malt Grp Ltd. | 1,009,393 | 2,008 |
| 1 | Clinuvel Pharmaceuticals Ltd. | 154,229 | 1,926 |
| * | PEXA Group Ltd. | 194,410 | 1,921 |
| | G8 Education Ltd. | 3,103,440 | 1,916 |
| | Hansen Technologies Ltd. | 602,471 | 1,897 |
| | | Shares | Market
Value•
($000) |
| * | nearmap Ltd. | 1,441,196 | 1,895 |
| | McMillan Shakespeare Ltd. | 225,333 | 1,888 |
| | Imdex Ltd. | 1,437,204 | 1,876 |
| | Jumbo Interactive Ltd. | 214,993 | 1,872 |
| * | Vulcan Energy Resources Ltd. | 372,762 | 1,810 |
| * | Perenti Global Ltd. | 2,936,950 | 1,800 |
| | Home Consortium Ltd. | 566,285 | 1,731 |
| * | Bellevue Gold Ltd. | 3,581,243 | 1,691 |
| *,1 | Temple & Webster Group Ltd. | 460,050 | 1,638 |
| * | Jervois Global Ltd. | 5,210,343 | 1,634 |
| | Sigma Healthcare Ltd. | 3,885,727 | 1,575 |
| * | Novonix Ltd. | 905,473 | 1,546 |
| | Centuria Office REIT | 1,584,925 | 1,527 |
| * | Mincor Resources NL | 1,745,029 | 1,499 |
| | oOh!media Ltd. | 1,819,331 | 1,472 |
| | Ramelius Resources Ltd. | 3,112,780 | 1,461 |
| | GWA Group Ltd. | 1,109,708 | 1,441 |
| | Kelsian Group Ltd. | 478,257 | 1,431 |
| * | SiteMinder Ltd. | 721,273 | 1,431 |
| | Ventia Services Group Pty Ltd. | 805,657 | 1,425 |
| | Select Harvests Ltd. | 418,882 | 1,421 |
| | Dexus Industria REIT | 829,188 | 1,405 |
| * | Audinate Group Ltd. | 263,684 | 1,373 |
| * | OFX Group Ltd. | 792,206 | 1,347 |
| * | Calix Ltd. | 517,236 | 1,346 |
| * | Eclipx Group Ltd. | 1,092,191 | 1,306 |
| * | Leo Lithium Ltd. | 3,306,350 | 1,304 |
| | Estia Health Ltd. | 874,008 | 1,281 |
| * | Australian Agricultural Co. Ltd. | 1,143,347 | 1,280 |
| | Dicker Data Ltd. | 185,151 | 1,276 |
| * | Neometals Ltd. | 1,798,006 | 1,272 |
| * | Judo Capital Holdings Ltd. | 1,689,584 | 1,261 |
| | Hotel Property Investments | 630,742 | 1,253 |
| * | BrainChip Holdings Ltd. | 3,056,876 | 1,253 |
| * | Mesoblast Ltd. | 2,083,517 | 1,218 |
| * | Cooper Energy Ltd. | 8,914,838 | 1,200 |
| *,1 | PointsBet Holdings Ltd. | 893,208 | 1,163 |
| | Australian Ethical Investment Ltd. | 392,035 | 1,159 |
| | Codan Ltd. | 460,070 | 1,140 |
| | Accent Group Ltd. | 1,199,579 | 1,135 |
| | 29Metals Ltd. | 958,210 | 1,134 |
| | Myer Holdings Ltd. | 2,786,368 | 1,131 |
| | GDI Property Group | 2,239,712 | 1,131 |
| 1 | Nick Scali Ltd. | 174,321 | 1,123 |
| * | Tyro Payments Ltd. | 1,141,401 | 1,114 |
| | Inghams Group Ltd. | 686,545 | 1,111 |
| * | Macquarie Telecom Group Ltd. | 29,079 | 1,064 |
| | Infomedia Ltd. | 1,344,933 | 1,057 |
| | SmartGroup Corp. Ltd. | 330,130 | 1,041 |
| | Integral Diagnostics Ltd. | 610,445 | 1,027 |
| 1 | MyState Ltd. | 390,378 | 1,019 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Emeco Holdings Ltd. | 2,015,771 | 1,013 |
| | Australian Clinical Labs Ltd. | 465,598 | 1,008 |
| *,1 | Seven West Media Ltd. | 3,218,759 | 964 |
| * | Mayne Pharma Group Ltd. | 5,578,128 | 964 |
| * | St. Barbara Ltd. | 2,941,008 | 957 |
| | Praemium Ltd. | 1,764,065 | 940 |
| *,1 | Zip Co. Ltd. | 2,382,213 | 925 |
| * | Aussie Broadband Ltd. | 586,296 | 876 |
| 1 | Service Stream Ltd. | 1,856,334 | 872 |
| | Baby Bunting Group Ltd. | 470,645 | 843 |
| 1 | Money3 Corp. Ltd. | 670,067 | 837 |
| *,1 | Opthea Ltd. | 1,207,447 | 750 |
| * | Incannex Healthcare Ltd. | 4,537,890 | 724 |
| *,1 | Paradigm Biopharmaceuticals Ltd. | 773,099 | 711 |
| * | Alkane Resources Ltd. | 1,501,750 | 657 |
| * | Westgold Resources Ltd. | 1,395,367 | 652 |
| | Pact Group Holdings Ltd. | 692,987 | 636 |
| * | Superloop Ltd. | 1,289,163 | 618 |
| | Australian Finance Group Ltd. | 561,452 | 604 |
| | Bravura Solutions Ltd. | 753,566 | 588 |
| * | Mount Gibson Iron Ltd. | 2,350,222 | 564 |
| * | Betmakers Technology Group Ltd. | 3,205,070 | 563 |
| | Navigator Global Investments Ltd. | 784,154 | 562 |
| * | Carnarvon Energy Ltd. | 6,033,601 | 559 |
| | Appen Ltd. | 339,458 | 550 |
| * | Bubs Australia Ltd. | 2,215,907 | 529 |
| *,1 | Starpharma Holdings Ltd. Class A | 1,519,254 | 520 |
| *,1 | City Chic Collective Ltd. | 621,233 | 517 |
| | Southern Cross Media Group Ltd. | 790,371 | 488 |
| * | Fineos Corp. Ltd. GDR | 502,426 | 483 |
| *,1,3 | Australian Strategic Materials Ltd. | 374,114 | 482 |
| | Jupiter Mines Ltd. | 3,864,808 | 481 |
| | Macmahon Holdings Ltd. | 5,299,163 | 474 |
| 1 | Regis Healthcare Ltd. | 357,557 | 467 |
| | SG Fleet Group Ltd. | 331,373 | 426 |
| | Cedar Woods Properties Ltd. | 166,885 | 422 |
| * | Resolute Mining Ltd. | 3,291,954 | 422 |
| 1 | Ardent Leisure Group Ltd. | 1,327,454 | 416 |
| *,1 | Kogan.com Ltd. | 196,795 | 413 |
| * | AMA Group Ltd. | 1,982,783 | 309 |
| | Humm Group Ltd. | 942,833 | 289 |
| * | Andromeda Metals Ltd. | 11,145,101 | 285 |
| * | Aurelia Metals Ltd. | 4,067,870 | 273 |
| * | New Century Resources Ltd. | 355,465 | 233 |
| * | EML Payments Ltd. | 893,307 | 230 |
| * | Redbubble Ltd. | 609,858 | 200 |
| * | Dubber Corp. Ltd. | 859,956 | 169 |
| *,3 | Firefinch Ltd. | 4,116,778 | 158 |
| * | Nuix Ltd. | 318,678 | 116 |
| * | Electro Optic Systems Holdings Ltd. | 224,453 | 73 |
| 3 | BWX Ltd. | 41,126 | 17 |
| *,3 | Ppk Mining Equipment Group | 82,513 | — |
| | | Shares | Market
Value•
($000) |
| * | Incannex Healthcare Ltd. Warrants Exp. 4/28/23 | 113,770 | — |
| *,1 | PointsBet Holdings Ltd. Warrants Exp. 7/8/24 | 39,874 | — |
| | | | 444,789 |
| Austria (0.8%) |
| 2 | BAWAG Group AG | 313,038 | 15,112 |
| | Wienerberger AG | 419,172 | 9,582 |
| | CA Immobilien Anlagen AG | 145,549 | 4,597 |
| | Mayr Melnhof Karton AG | 30,844 | 4,389 |
| 1 | Oesterreichische Post AG | 124,600 | 3,545 |
| | Vienna Insurance Group AG Wiener Versicherung Gruppe | 142,577 | 3,189 |
| | AT&S Austria Technologie & Systemtechnik AG | 91,919 | 2,839 |
| | UNIQA Insurance Group AG | 435,275 | 2,821 |
| 1 | Lenzing AG | 50,899 | 2,435 |
| | EVN AG | 128,823 | 2,143 |
| | S IMMO AG (XWBO) | 93,695 | 2,107 |
| | Strabag SE (Bearer) | 54,662 | 2,099 |
| | Schoeller-Bleckmann Oilfield Equipment AG | 36,798 | 2,024 |
| *,1 | DO & CO AG | 21,835 | 1,716 |
| * | IMMOFINANZ AG | 114,083 | 1,345 |
| * | Flughafen Wien AG | 34,581 | 1,128 |
| | Palfinger AG | 37,254 | 861 |
| 1 | Porr AG | 44,772 | 462 |
| | Agrana Beteiligungs AG | 30,733 | 416 |
| *,3 | S IMMO AG Rights Exp. 8/11/23 | 89,028 | — |
| | | | 62,810 |
| Belgium (1.1%) |
| | Aedifica SA | 142,275 | 10,850 |
| | Cofinimmo SA | 114,733 | 9,515 |
| | Euronav NV | 545,597 | 9,512 |
| | Lotus Bakeries NV | 1,402 | 7,798 |
| | Barco NV | 253,912 | 5,482 |
| | Melexis NV | 72,497 | 4,986 |
| * | KBC Ancora | 125,064 | 4,446 |
| | Shurgard Self Storage SA | 89,608 | 3,902 |
| | Bekaert SA | 131,069 | 3,652 |
| | Montea NV | 44,335 | 3,024 |
| * | Tessenderlo Group SA | 99,073 | 3,003 |
| | Gimv NV | 69,187 | 2,954 |
| | Fagron | 222,264 | 2,767 |
| * | Dredging Environmental & Marine Engineering NV | 24,388 | 2,717 |
| | Retail Estates NV | 38,624 | 2,274 |
| | Telenet Group Holding NV | 146,760 | 2,237 |
| | Xior Student Housing NV | 78,288 | 2,199 |
| | VGP NV | 28,802 | 2,184 |
| | bpost SA | 403,728 | 1,996 |
| * | Kinepolis Group NV | 45,091 | 1,700 |
| * | Ontex Group NV | 286,166 | 1,688 |
| * | AGFA-Gevaert NV | 454,951 | 1,375 |
| | Econocom Group SA NV | 366,663 | 996 |
| * | Orange Belgium SA | 58,051 | 983 |
| | Van de Velde NV | 15,329 | 484 |
| | | Shares | Market
Value•
($000) |
| * | Mithra Pharmaceuticals SA | 73,201 | 472 |
| * | Cie d'Entreprises CFE | 38,770 | 412 |
| | Wereldhave Belgium Comm VA | 7,205 | 346 |
| | | | 93,954 |
| Brazil (1.7%) |
| * | 3R PETROLEUM OLEO E GAS SA | 613,920 | 5,527 |
| | Kinea Indice de Precos FII | 262,198 | 4,837 |
| | Arezzo Industria e Comercio SA | 230,506 | 4,663 |
| * | Cogna Educacao | 6,739,971 | 4,293 |
| | Santos Brasil Participacoes SA | 2,426,167 | 4,274 |
| | Tres Tentos Agroindustrial SA | 1,678,100 | 4,119 |
| | CSHG Logistica FI Imobiliario | 112,573 | 3,604 |
| | Kinea Rendimentos Imobiliarios FII | 174,106 | 3,426 |
| * | Via SA | 5,424,700 | 3,287 |
| | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 895,700 | 3,225 |
| * | Azul SA Preference Shares | 1,011,700 | 3,159 |
| | YDUQS Part | 1,005,600 | 3,140 |
| | Cia de Saneamento do Parana | 836,908 | 3,101 |
| | FII Iridium | 159,769 | 3,085 |
| *,2 | Locaweb Servicos de Internet SA | 1,452,000 | 3,072 |
| | Fleury SA | 811,013 | 2,920 |
| | Kinea Renda Imobiliaria FII | 95,566 | 2,734 |
| | Minerva SA | 1,021,122 | 2,704 |
| | Petroreconcavo SA | 444,900 | 2,701 |
| | AES Brasil Energia SA | 1,324,612 | 2,539 |
| | Cia Brasileira de Distribuicao | 573,800 | 2,449 |
| | Pet Center Comercio E Participacoes SA | 1,363,801 | 2,313 |
| | MRV Engenharia e Participacoes SA | 1,169,292 | 2,304 |
| | Alupar Investimento SA | 420,194 | 2,300 |
| | XP Log FII | 100,707 | 2,108 |
| * | Omega Energia SA | 1,006,885 | 2,095 |
| | Cia de Saneamento de Minas Gerais-COPASA | 696,523 | 2,071 |
| | Banco Pan SA Preference Shares | 1,322,400 | 1,979 |
| | Aliansce Sonae Shopping Centers SA | 463,940 | 1,952 |
| * | Gol Linhas Aereas Inteligentes SA Preference Shares | 998,555 | 1,858 |
| | Vivara Participacoes SA | 344,800 | 1,790 |
| | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 251,600 | 1,779 |
| * | Anima Holding SA | 1,297,131 | 1,720 |
| | Light SA | 1,544,986 | 1,699 |
| | JHSF Participacoes SA | 1,177,500 | 1,673 |
| * | CVC Brasil Operadora e Agencia de Viagens SA | 1,188,353 | 1,649 |
| | Cia Ferro Ligas da Bahia - FERBASA Preference Shares | 152,000 | 1,543 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Ez Tec Empreendimentos e Participacoes SA | 376,600 | 1,519 |
| * | Log-in Logistica Intermodal SA | 201,619 | 1,461 |
| | Banco do Estado do Rio Grande do Sul SA Class B Preference Shares | 633,300 | 1,431 |
| | BrasilAgro - Co. Brasileira de Propriedades Agricolas | 245,912 | 1,431 |
| * | Infracommerce CXAAS SA | 1,229,804 | 1,376 |
| | Movida Participacoes SA | 492,800 | 1,299 |
| * | Zamp SA | 861,983 | 1,282 |
| | Randon SAImplementos E Participacoes Preference Shares | 664,188 | 1,278 |
| | Iochpe Maxion SA | 452,544 | 1,246 |
| | Blau Farmaceutica SA | 176,800 | 1,158 |
| | CM Hospitalar SA | 299,800 | 1,108 |
| | Grupo SBF SA | 301,300 | 1,105 |
| | Iguatemi SA (BVMF) | 257,220 | 1,092 |
| | FII Hectare Ce | 54,395 | 1,075 |
| | Direcional Engenharia SA | 321,894 | 1,066 |
| | Tupy SA | 184,931 | 1,058 |
| | Fras-Le SA | 385,099 | 1,041 |
| | Cia Brasileira de Aluminio | 480,165 | 1,026 |
| | Ambipar Participacoes e Empreendimentos SA | 167,400 | 1,013 |
| | Qualicorp Consultoria e Corretora de Seguros SA | 661,100 | 1,009 |
| | LOG Commercial Properties e Participacoes SA | 222,765 | 982 |
| | Marcopolo SA Preference Shares | 1,739,532 | 970 |
| | Mahle-Metal Leve SA | 194,000 | 970 |
| * | IRB Brasil Resseguros SA | 5,051,911 | 919 |
| * | EcoRodovias Infraestrutura e Logistica SA | 859,861 | 906 |
| | BR Properties SA | 713,706 | 858 |
| | Boa Vista Servicos SA | 696,600 | 850 |
| | Camil Alimentos SA | 414,100 | 818 |
| * | Hidrovias do Brasil SA | 1,476,200 | 806 |
| | Instituto Hermes Pardini SA | 172,400 | 776 |
| | Enauta Participacoes SA | 258,400 | 762 |
| * | Empreendimentos Pague Menos S/A | 581,300 | 698 |
| | Taurus Armas SA Preference Shares | 239,200 | 690 |
| | Lojas Quero Quero SA | 577,800 | 676 |
| * | Oncoclinicas do Brasil Servicos Medicos SA | 439,200 | 672 |
| | Vulcabras Azaleia SA | 236,300 | 636 |
| | Guararapes Confeccoes SA | 317,500 | 599 |
| | Hospital Mater Dei SA | 328,400 | 585 |
| | Wilson Sons Holdings Brasil SA | 248,100 | 545 |
| | Multilaser Industrial SA | 526,200 | 531 |
| | | Shares | Market
Value•
($000) |
| | Armac Locacao Logistica E Servicos SA | 170,100 | 531 |
| | Wiz Solucoes e Corretagem de Seguros SA | 340,900 | 514 |
| | Even Construtora e Incorporadora SA | 301,022 | 385 |
| | Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA | 669,100 | 240 |
| *,2 | Meliuz SA | 312,000 | 72 |
| * | Iguatemi SA Pref Preference | 36,439 | 66 |
| * | Fleury SA Rights Exp. 11/21/22 | 180,345 | 45 |
| * | Sequoia Logistica E Transportes SA | 46,100 | 42 |
| | Iguatemi SA | 22,820 | 13 |
| * | Omega Energia SA Rights Exp. 11/7/22 | 133,649 | 1 |
| | | | 144,924 |
| Canada (16.8%) |
| | WSP Global Inc. | 425,111 | 52,248 |
| | Cameco Corp. (XTSE) | 1,517,944 | 36,000 |
| | First Quantum Minerals Ltd. | 2,021,839 | 35,662 |
| 1 | Emera Inc. | 946,295 | 35,071 |
| | ARC Resources Ltd. | 2,200,316 | 30,977 |
| | Open Text Corp. | 970,357 | 28,106 |
| | TFI International Inc. | 302,990 | 27,580 |
| 1 | Algonquin Power & Utilities Corp. | 2,413,229 | 26,712 |
| | Ritchie Bros Auctioneers Inc. | 402,250 | 26,278 |
| | CCL Industries Inc. Class B | 533,440 | 25,060 |
| | Northland Power Inc. | 847,936 | 24,672 |
| | Toromont Industries Ltd. | 295,400 | 22,702 |
| 1 | West Fraser Timber Co. Ltd. | 292,821 | 21,986 |
| | iA Financial Corp. Inc. | 391,904 | 21,811 |
| | Gildan Activewear Inc. | 689,094 | 21,745 |
| * | Descartes Systems Group Inc. | 305,917 | 21,108 |
| * | CAE Inc. | 1,065,754 | 20,340 |
| | Stantec Inc. | 398,782 | 19,512 |
| 1 | Canadian Apartment Properties REIT | 625,549 | 19,372 |
| | Element Fleet Management Corp. | 1,445,595 | 19,259 |
| | TMX Group Ltd. | 198,448 | 19,079 |
| 1 | AltaGas Ltd. | 1,006,913 | 18,160 |
| 1 | Keyera Corp. | 807,876 | 17,316 |
| | FirstService Corp. | 136,674 | 17,086 |
| | Kinross Gold Corp. | 4,696,938 | 17,031 |
| * | MEG Energy Corp. | 1,106,910 | 16,551 |
| 1 | RioCan REIT | 1,120,951 | 15,971 |
| | Yamana Gold Inc. | 3,470,454 | 15,233 |
| | Brookfield Infrastructure Corp. Class A | 350,335 | 15,116 |
| | Enerplus Corp. | 870,217 | 15,088 |
| | Crescent Point Energy Corp. | 1,887,514 | 14,755 |
| 1 | GFL Environmental Inc. | 538,738 | 14,541 |
| | Brookfield Renewable Corp. Class A (XTSE) | 460,055 | 14,294 |
| * | Ivanhoe Mines Ltd. Class A | 2,041,174 | 14,159 |
| | Capital Power Corp. | 420,565 | 14,077 |
| | | Shares | Market
Value•
($000) |
| | Vermilion Energy Inc. | 585,968 | 13,673 |
| | Onex Corp. | 265,555 | 13,366 |
| | Lundin Mining Corp. | 2,540,346 | 13,314 |
| | Pan American Silver Corp. | 766,272 | 12,234 |
| * | Aritzia Inc. | 315,083 | 12,221 |
| | PrairieSky Royalty Ltd. | 778,520 | 12,092 |
| | Finning International Inc. | 562,639 | 11,964 |
| | B2Gold Corp. | 3,814,365 | 11,647 |
| | Parkland Corp. | 567,967 | 11,481 |
| | Granite REIT | 223,185 | 11,405 |
| | Alamos Gold Inc. Class A | 1,408,546 | 11,115 |
| | SNC-Lavalin Group Inc. | 639,030 | 11,065 |
| | Quebecor Inc. Class B | 581,712 | 10,965 |
| * | Baytex Energy Corp. | 2,012,083 | 10,929 |
| | Boyd Group Services Inc. | 76,642 | 10,906 |
| | SSR Mining Inc. | 780,008 | 10,741 |
| | Colliers International Group Inc. | 113,772 | 10,678 |
| * | Kinaxis Inc. | 99,225 | 10,591 |
| * | Turquoise Hill Resources Ltd. | 361,979 | 10,192 |
| *,1 | Air Canada Class A | 664,012 | 9,558 |
| | First Capital REIT | 807,464 | 9,394 |
| * | Bombardier Inc. Class B | 318,363 | 9,350 |
| 1 | SmartCentres REIT | 474,880 | 9,307 |
| * | BlackBerry Ltd. | 1,983,686 | 9,217 |
| | Gibson Energy Inc. | 534,457 | 9,121 |
| | BRP Inc. | 133,559 | 8,930 |
| 1 | Choice Properties REIT | 926,153 | 8,899 |
| | Allied Properties REIT | 457,689 | 8,866 |
| * | Lightspeed Commerce Inc. (XTSE) | 456,627 | 8,751 |
| | Atco Ltd. Class I | 276,516 | 8,586 |
| | Whitecap Resources Inc. | 1,096,328 | 8,498 |
| * | ATS Automation Tooling Systems Inc. | 268,158 | 8,484 |
| *,1 | Lithium Americas Corp. | 340,324 | 8,468 |
| | H&R REIT | 1,020,716 | 8,399 |
| | Summit Industrial Income REIT | 650,092 | 8,308 |
| | Boralex Inc. Class A | 292,877 | 8,305 |
| | Primo Water Corp. | 565,524 | 8,244 |
| | Definity Financial Corp. | 270,350 | 8,007 |
| | Premium Brands Holdings Corp. Class A | 134,382 | 7,928 |
| | TransAlta Corp. | 847,789 | 7,468 |
| * | Bausch Health Cos. Inc. | 1,146,683 | 7,457 |
| | Methanex Corp. | 209,538 | 7,313 |
| | Tricon Capital Group Inc. | 866,343 | 7,300 |
| *,2 | Nuvei Corp. | 242,411 | 7,295 |
| | Dream Industrial REIT | 886,990 | 7,129 |
| | Stella-Jones Inc. | 234,051 | 7,049 |
| | Linamar Corp. | 162,564 | 6,958 |
| | First Majestic Silver Corp. | 817,030 | 6,873 |
| | CI Financial Corp. | 638,335 | 6,391 |
| | Osisko Gold Royalties Ltd. (XTSE) | 587,467 | 6,300 |
| | Parex Resources Inc. | 412,628 | 6,294 |
| | Innergex Renewable Energy Inc. | 558,116 | 6,145 |
| 1 | Cargojet Inc. | 60,249 | 5,873 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Paramount Resources Ltd. Class A | 274,338 | 5,812 |
| | Canadian Western Bank | 325,520 | 5,663 |
| *,1 | Ballard Power Systems Inc. | 984,736 | 5,580 |
| 1 | NorthWest Healthcare Properties REIT | 671,420 | 5,293 |
| | Stelco Holdings Inc. | 202,766 | 5,107 |
| | Chartwell Retirement Residences | 868,342 | 5,035 |
| 1 | Boardwalk REIT | 139,600 | 4,968 |
| | Russel Metals Inc. | 230,289 | 4,770 |
| | North West Co. Inc. | 170,575 | 4,439 |
| * | Celestica Inc. | 383,522 | 4,209 |
| | Superior Plus Corp. | 548,013 | 4,167 |
| | TransAlta Renewables Inc. | 384,375 | 4,128 |
| *,1 | Canopy Growth Corp. | 1,104,173 | 4,125 |
| * | Novagold Resources Inc. | 878,821 | 4,058 |
| | Maple Leaf Foods Inc. | 272,600 | 4,040 |
| * | Eldorado Gold Corp. | 674,834 | 3,770 |
| | Primaris REIT | 359,244 | 3,700 |
| * | OceanaGold Corp. | 2,531,198 | 3,679 |
| | Centerra Gold Inc. | 783,320 | 3,640 |
| | Enghouse Systems Ltd. | 162,506 | 3,613 |
| | Laurentian Bank of Canada | 160,408 | 3,579 |
| | Winpak Ltd. | 112,022 | 3,414 |
| * | Canfor Corp. | 226,375 | 3,401 |
| | Hudbay Minerals Inc. | 895,374 | 3,398 |
| * | Canada Goose Holdings Inc. | 203,550 | 3,330 |
| | Mullen Group Ltd. | 324,079 | 3,257 |
| 1 | Home Capital Group Inc. Class B | 165,137 | 3,193 |
| | Transcontinental Inc. Class A | 274,923 | 3,138 |
| * | Equinox Gold Corp. | 911,773 | 3,005 |
| * | IAMGOLD Corp. | 1,760,348 | 2,584 |
| | ECN Capital Corp. | 839,213 | 2,532 |
| | Westshore Terminals Investment Corp. | 137,282 | 2,456 |
| | Artis REIT | 337,700 | 2,367 |
| | Cascades Inc. | 364,567 | 2,366 |
| * | Torex Gold Resources Inc. | 321,612 | 2,191 |
| *,1 | Cronos Group Inc. | 641,519 | 2,143 |
| | Cogeco Communications Inc. | 39,529 | 2,016 |
| 1 | Dye & Durham Ltd. | 159,504 | 1,764 |
| 1 | NFI Group Inc. | 268,848 | 1,737 |
| 1 | Dream Office REIT | 142,423 | 1,611 |
| | Aecon Group Inc. | 221,270 | 1,569 |
| | First National Financial Corp. | 59,325 | 1,489 |
| | Cameco Corp. | 42,629 | 1,011 |
| | Osisko Gold Royalties Ltd. | 59,080 | 635 |
| * | Lightspeed Commerce Inc. | 26,475 | 507 |
| | | | 1,414,191 |
| Chile (0.1%) |
| | Parque Arauco SA | 2,491,856 | 2,111 |
| | Aguas Andinas SA Class A | 9,854,714 | 2,079 |
| | Empresa Nacional de Telecomunicaciones SA | 493,743 | 1,543 |
| * | Engie Energia Chile SA | 2,144,106 | 1,259 |
| | SMU SA | 10,775,614 | 1,096 |
| | Vina Concha y Toro SA | 919,704 | 1,040 |
| | | Shares | Market
Value•
($000) |
| | Ripley Corp. SA | 5,404,943 | 888 |
| | Inversiones Aguas Metropolitanas SA | 1,842,778 | 879 |
| | SONDA SA | 1,274,564 | 449 |
| | Inversiones La Construccion SA | 121,904 | 381 |
| | | | 11,725 |
| China (4.9%) |
| * | Canadian Solar Inc. | 183,451 | 6,219 |
| * | JinkoSolar Holding Co. Ltd. ADR | 129,246 | 6,137 |
| | Chinasoft International Ltd. | 8,676,304 | 5,749 |
| *,1,2 | Haichang Ocean Park Holdings Ltd. | 5,896,000 | 5,221 |
| *,1,2 | Koolearn Technology Holding Ltd. | 983,500 | 4,792 |
| * | Chindra Group Holdings Ltd. | 873,073 | 4,636 |
| | Dongyue Group Ltd. | 4,233,000 | 3,674 |
| | Hollysys Automation Technologies Ltd. | 219,406 | 3,497 |
| | China Overseas Property Holdings Ltd. | 4,810,000 | 3,027 |
| | Fufeng Group Ltd. | 5,765,864 | 2,990 |
| *,2 | Keymed Biosciences Inc. | 506,500 | 2,900 |
| *,2 | InnoCare Pharma Ltd. | 2,373,000 | 2,772 |
| * | Golden Solar New Energy Technology Holdings Ltd. | 2,720,000 | 2,716 |
| | C&D International Investment Group Ltd. | 1,730,000 | 2,684 |
| | FinVolution Group ADR | 618,073 | 2,682 |
| *,2 | New Horizon Health Ltd. | 1,185,500 | 2,645 |
| *,2 | Weimob Inc. | 7,486,000 | 2,632 |
| | China Water Affairs Group Ltd. | 3,655,600 | 2,589 |
| | Xinte Energy Co. Ltd. Class H | 1,320,400 | 2,576 |
| 1 | Tianneng Power International Ltd. | 2,674,468 | 2,573 |
| * | Lifetech Scientific Corp. | 7,978,058 | 2,504 |
| | Sany Heavy Equipment International Holdings Co. Ltd. | 2,994,000 | 2,455 |
| | SSY Group Ltd. | 5,701,324 | 2,361 |
| | China Grand Pharmaceutical and Healthcare Holdings Ltd. Class A | 5,477,240 | 2,344 |
| | Hello Group Inc. ADR | 496,869 | 2,335 |
| * | Noah Holdings Ltd. ADR | 174,390 | 2,288 |
| | China Datang Corp Renewable Power Co. Ltd. Class H | 8,208,000 | 2,216 |
| | Differ Group Holding Co. Ltd. | 10,950,000 | 2,190 |
| | Hangzhou Steam Turbine Co. Ltd. Class B | 1,575,811 | 2,153 |
| | Fu Shou Yuan International Group Ltd. | 4,208,000 | 2,102 |
| | CIMC Enric Holdings Ltd. | 2,142,000 | 2,088 |
| | Digital China Holdings Ltd. | 5,084,588 | 2,014 |
| *,1 | Canaan Inc. ADR | 658,053 | 1,908 |
| | PAX Global Technology Ltd. | 2,416,062 | 1,899 |
| | | Shares | Market
Value•
($000) |
| | BOE Varitronix Ltd. | 1,235,065 | 1,831 |
| | Zhongyu Gas Holdings Ltd. | 2,450,000 | 1,823 |
| * | Sohu.com Ltd. ADR | 128,162 | 1,815 |
| | Skyworth Group Ltd. | 4,940,710 | 1,812 |
| *,1,2 | Alphamab Oncology | 2,548,000 | 1,792 |
| | China Education Group Holdings Ltd. | 3,028,000 | 1,773 |
| 2 | Simcere Pharmaceutical Group Ltd. | 1,586,000 | 1,760 |
| | NetDragon Websoft Holdings Ltd. | 1,039,590 | 1,746 |
| 2 | Zhou Hei Ya International Holdings Co. Ltd. | 3,940,500 | 1,736 |
| * | Vnet Group Inc. ADR | 409,693 | 1,717 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class B | 2,649,004 | 1,708 |
| | COFCO Meat Holdings Ltd. | 7,953,000 | 1,670 |
| 1,2 | AK Medical Holdings Ltd. | 1,590,000 | 1,653 |
| 1 | Shoucheng Holdings Ltd. | 9,063,246 | 1,650 |
| *,1 | Yeahka Ltd. | 701,200 | 1,599 |
| | Xinyi Energy Holdings Ltd. | 6,234,000 | 1,588 |
| | China Yongda Automobiles Services Holdings Ltd. | 3,517,500 | 1,578 |
| | China Risun Group Ltd. | 4,380,000 | 1,545 |
| * | Gushengtang Holdings Ltd. | �� 352,900 | 1,494 |
| | Hubei Feilihua Quartz Glass Co. Ltd. Class A | 160,400 | 1,481 |
| 2 | Asiainfo Technologies Ltd. | 1,234,000 | 1,474 |
| 2 | Genertec Universal Medical Group Co. Ltd. | 3,515,309 | 1,469 |
| | Greentown Service Group Co. Ltd. | 3,580,000 | 1,465 |
| *,1 | XD Inc. | 842,200 | 1,462 |
| | Hisense Home Appliances Group Co. Ltd. Class A | 973,464 | 1,431 |
| *,2 | Venus MedTech Hangzhou Inc. Class H | 1,134,000 | 1,397 |
| | Concord New Energy Group Ltd. | 18,230,000 | 1,393 |
| * | Hainan Meilan International Airport Co. Ltd. Class H | 889,000 | 1,381 |
| 1 | Sihuan Pharmaceutical Holdings Group Ltd. | 16,176,000 | 1,379 |
| | China Nonferrous Mining Corp. Ltd. | 3,792,000 | 1,374 |
| | Tong Ren Tang Technologies Co. Ltd. Class H | 2,658,516 | 1,364 |
| *,1,2 | Ascentage Pharma Group International | 665,700 | 1,325 |
| * | Helens International Holdings Co. Ltd. | 1,349,500 | 1,296 |
| *,2 | Microport Cardioflow Medtech Corp. | 4,217,000 | 1,281 |
| * | SOHO China Ltd. | 8,682,042 | 1,273 |
| | China Oriental Group Co. Ltd. | 9,098,000 | 1,263 |
| *,2 | Kintor Pharmaceutical Ltd. | 796,500 | 1,263 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| *,2 | Peijia Medical Ltd. | 1,504,000 | 1,246 |
| | Henan Shenhuo Coal & Power Co. Ltd. Class A | 638,443 | 1,228 |
| 1 | Tiangong International Co. Ltd. | 4,388,000 | 1,218 |
| | China BlueChemical Ltd. Class H | 6,318,000 | 1,206 |
| | China Overseas Grand Oceans Group Ltd. | 4,185,500 | 1,182 |
| *,2 | Linklogis Inc. Class B | 3,307,000 | 1,155 |
| | Yuexiu REIT | 6,635,013 | 1,141 |
| | Bank of Chongqing Co. Ltd. Class H | 2,472,343 | 1,122 |
| | AIMA Technology Group Co. Ltd. | 135,890 | 1,113 |
| | Beijing Cisri-Gaona Materials & Technology Co. Ltd. Class A | 151,200 | 1,108 |
| | CGN New Energy Holdings Co. Ltd. | 4,032,720 | 1,083 |
| | Lonking Holdings Ltd. | 7,737,313 | 1,064 |
| | Guangzhou Great Power Energy & Technology Co. Ltd. Class A | 120,000 | 1,039 |
| | Sinopec Kantons Holdings Ltd. | 3,809,962 | 1,029 |
| | Gemdale Properties & Investment Corp. Ltd. | 18,496,000 | 1,013 |
| | China Resources Medical Holdings Co. Ltd. | 2,060,291 | 984 |
| * | Chifeng Jilong Gold Mining Co. Ltd. Class A | 374,125 | 969 |
| | Yuexiu Transport Infrastructure Ltd. | 2,456,000 | 961 |
| | Red Avenue New Materials Group Co. Ltd. Class A | 191,900 | 946 |
| 1 | China Modern Dairy Holdings Ltd. | 9,282,000 | 945 |
| | Sinocare Inc. Class A | 182,300 | 939 |
| *,2 | Yidu Tech Inc. | 1,849,900 | 939 |
| *,3 | China Zhongwang Holdings Ltd. | 4,366,000 | 934 |
| 2 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 1,807,500 | 933 |
| | Comba Telecom Systems Holdings Ltd. | 6,647,959 | 932 |
| | Poly Property Group Co. Ltd. | 5,932,000 | 929 |
| | Huangshan Tourism Development Co. Ltd. Class B | 1,323,715 | 926 |
| | Shenzhen Sunlord Electronics Co. Ltd. Class A | 311,188 | 914 |
| | Shenzhen Kstar Science And Technology Co. Ltd. Class A | 133,100 | 914 |
| | Dajin Heavy Industry Co. Ltd. | 138,800 | 913 |
| | Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 1,477,800 | 912 |
| | Eastern Communications Co. Ltd. Class A | 692,600 | 907 |
| | Sichuan Expressway Co. Ltd. Class A | 1,787,532 | 906 |
| | | Shares | Market
Value•
($000) |
| * | Harbin Electric Co. Ltd. Class H | 2,633,813 | 889 |
| | Wuxi Autowell Technology Co. Ltd. | 20,384 | 887 |
| | Shenzhen SED Industry Co. Ltd. Class A | 293,400 | 855 |
| | Sunresin New Materials Co. Ltd. Class A | 81,000 | 849 |
| *,2 | Mobvista Inc. | 1,649,000 | 849 |
| *,1,3 | China Dili Group | 10,268,897 | 848 |
| | TCL Electronics Holdings Ltd. | 2,193,122 | 838 |
| | Wuhan DR Laser Technology Corp. Ltd. Class A | 37,440 | 833 |
| 1 | Kangji Medical Holdings Ltd. | 1,008,500 | 815 |
| * | CMGE Technology Group Ltd. | 5,179,200 | 812 |
| 1,2 | Hope Education Group Co. Ltd. | 12,692,000 | 784 |
| | Shandong Weifang Rainbow Chemical Co. Ltd. | 63,600 | 784 |
| | Shanghai Haohai Biological Technology Co. Ltd. Class A | 72,216 | 781 |
| | Zhejiang Cfmoto Power Co. Ltd. Class A | 42,100 | 775 |
| | Tofflon Science & Technology Group Co. Ltd. Class A | 199,100 | 772 |
| | Anji Microelectronics Technology Shanghai Co. Ltd. Class A | 25,216 | 771 |
| | Consun Pharmaceutical Group Ltd. | 2,040,000 | 764 |
| *,1 | Q Technology Group Co. Ltd. | 1,935,000 | 764 |
| * | Asia - Potash International Investment Guangzhou Co. Ltd. Class A | 216,600 | 756 |
| | Xi'an Triangle Defense Co. Ltd. Class A | 117,920 | 755 |
| | Sonoscape Medical Corp. Class A | 95,500 | 748 |
| | SPIC Dongfang New Energy Corp. Class A | 1,321,250 | 745 |
| | Heibei Sinopack Electronic Technology Co. Ltd. | 50,893 | 735 |
| | Qingdao Gaoce Technology Co. Ltd. | 61,998 | 734 |
| | Wuxi Taiji Industry Co. Ltd. Class A | 990,668 | 727 |
| * | Risen Energy Co. Ltd. Class A | 213,700 | 724 |
| | Guangdong Hongda Blasting Co. Ltd. Class A | 191,174 | 715 |
| | Nantong Jianghai Capacitor Co. Ltd. Class A | 203,500 | 706 |
| | Beijing Huafeng Test & Control Technology Co. Ltd. Class A | 19,390 | 704 |
| *,2 | Ocumension Therapeutics | 762,000 | 702 |
| | Ningbo Xusheng Auto Technology Co. Ltd. | 148,693 | 701 |
| | | Shares | Market
Value•
($000) |
| | Sinofibers Technology Co. Ltd. Class A | 92,200 | 699 |
| | Beijing GeoEnviron Engineering & Technology Inc. Class A | 543,926 | 698 |
| | GCL Energy Technology Co. Ltd. | 373,800 | 697 |
| * | HUYA Inc. ADR | 371,386 | 694 |
| 2 | China New Higher Education Group Ltd. | 3,025,000 | 694 |
| | Suplet Power Co. Ltd. Class A | 95,760 | 691 |
| | Shanghai Medicilon Inc. Class A | 22,636 | 687 |
| | Grandblue Environment Co. Ltd. Class A | 277,472 | 682 |
| | Anhui Honglu Steel Construction Group Co. Ltd. Class A | 145,470 | 681 |
| | Xinxiang Richful Lube Addi Class A | 34,000 | 676 |
| | Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 229,900 | 670 |
| | Inner Mongolia Mining Co. Ltd. | 411,388 | 668 |
| | C&D Property Management Group Co. Ltd. | 1,782,000 | 665 |
| * | Tibet Mineral Development Co. | 125,100 | 664 |
| | IKD Co. Ltd. Class A | 255,200 | 663 |
| | Konfoong Materials International Co. Ltd. Class A | 54,900 | 663 |
| | Kehua Data Co. Ltd. Class A | 113,000 | 662 |
| * | Sichuan Development Lomon Co. Ltd. Class A | 432,800 | 660 |
| | CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 718,659 | 659 |
| | Biem.L.Fdlkk Garment Co. Ltd. Class A | 219,280 | 658 |
| | China Kings Resources Group Co. Ltd. Class A | 103,594 | 652 |
| | Shanghai Wanye Enterprises Co. Ltd. Class A | 252,100 | 649 |
| | Qingdao Haier Biomedical Co. Ltd. Class A | 61,422 | 649 |
| *,1 | Zhuguang Holdings Group Co. Ltd. | 7,900,000 | 645 |
| | PharmaBlock Sciences Nanjing Inc. Class A | 53,300 | 643 |
| 1 | Guangzhou R&F Properties Co. Ltd. Class H | 4,673,200 | 638 |
| * | Zibo Qixiang Tengda Chemical Co. Ltd. Class A | 682,640 | 638 |
| | Hangcha Group Co. Ltd. Class A | 283,247 | 638 |
| * | China Railway Materials Co. Class A | 1,798,563 | 631 |
| *,1,2 | Redco Properties Group Ltd. | 2,958,000 | 629 |
| *,1,2 | Meitu Inc. | 7,261,000 | 629 |
| *,1,2 | CStone Pharmaceuticals | 1,459,000 | 628 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| 1,2 | China Renaissance Holdings Ltd. | 828,000 | 628 |
| | Shanghai Pret Composites Co. Ltd. Class A | 273,164 | 627 |
| | Hubei Dinglong Co. Ltd. Class A | 216,812 | 625 |
| | Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A | 87,557 | 624 |
| | State Grid Information & Communication Co. Ltd. Class A | 303,100 | 623 |
| * | Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 158,400 | 620 |
| * | Focused Photonics Hangzhou Inc. Class A | 116,800 | 619 |
| | Hangzhou Dptech Technologies Co. Ltd. Class A | 262,900 | 610 |
| | Anhui Guangxin Agrochemical Co. Ltd. Class A | 149,240 | 607 |
| | Dazhong Transportation Group Co. Ltd. Class B | 2,577,535 | 606 |
| | Chacha Food Co. Ltd. Class A | 99,586 | 605 |
| | Milkyway Chemical Supply Chain Service Co. Ltd. Class A | 38,338 | 604 |
| | KBC Corp. Ltd. Class A | 17,733 | 600 |
| | Shanghai Zhonggu Logistics Co. Ltd. | 327,300 | 600 |
| | Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 216,200 | 599 |
| 1,2 | Midea Real Estate Holding Ltd. | 857,200 | 599 |
| * | Roshow Technology Co. Ltd. Class A | 423,400 | 599 |
| | Hangjin Technology Co. Ltd. Class A | 148,703 | 597 |
| | CIFI Ever Sunshine Services Group Ltd. | 2,706,000 | 597 |
| | Bafang Electric Suzhou Co. Ltd. Class A | 37,300 | 596 |
| | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A | 255,700 | 595 |
| | Sinofert Holdings Ltd. | 5,978,000 | 594 |
| | Shanghai Huace Navigation Technology Ltd. Class A | 136,360 | 594 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class A | 724,200 | 592 |
| | Wencan Group Co. Ltd. | 64,897 | 591 |
| | Shenzhen Megmeet Electrical Co. Ltd. Class A | 169,550 | 590 |
| * | I-Mab ADR | 159,163 | 590 |
| | Lizhong Sitong Light Alloys Group Co. Ltd. | 154,295 | 590 |
| *,2 | China Yuhua Education Corp. Ltd. | 5,340,000 | 585 |
| | China Shineway Pharmaceutical Group Ltd. | 972,343 | 584 |
| * | Jilin Electric Power Co. Ltd. Class A | 711,864 | 578 |
| | | Shares | Market
Value•
($000) |
| | Qianhe Condiment and Food Co. Ltd. Class A | 269,342 | 577 |
| | Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 281,171 | 576 |
| | Sichuan Shuangma Cement Co. Ltd. Class A | 208,000 | 575 |
| *,3 | China Aoyuan Group Ltd. | 5,071,786 | 572 |
| * | Hi Sun Technology China Ltd. | 5,748,101 | 572 |
| | Fangda Special Steel Technology Co. Ltd. Class A | 731,788 | 572 |
| | Hexing Electrical Co. Ltd. Class A | 236,362 | 569 |
| | Quectel Wireless Solutions Co. Ltd. Class A | 40,224 | 568 |
| | China Foods Ltd. | 2,228,000 | 568 |
| | China Automotive Engineering Research Institute Co. Ltd. Class A | 219,800 | 568 |
| | Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A | 18,505 | 567 |
| | COFCO Biotechnology Co. Ltd. Class A | 510,900 | 565 |
| | Anhui Jinhe Industrial Co. Ltd. Class A | 125,400 | 565 |
| | Tianjin ZhongXin Pharmaceutical Group Corp. Ltd. Class A | 148,500 | 564 |
| | Chengdu CORPRO Technology Co. Ltd. Class A | 138,400 | 563 |
| *,3 | Fire Rock Holdings Ltd. | 7,890,000 | 563 |
| | West China Cement Ltd. | 6,189,200 | 560 |
| * | Jiangsu Hoperun Software Co. Ltd. Class A | 207,900 | 560 |
| | JNBY Design Ltd. | 707,500 | 557 |
| | Xingda International Holdings Ltd. | 2,854,000 | 553 |
| | Jingjin Equipment Inc. Class A | 129,689 | 551 |
| 2 | Medlive Technology Co. Ltd. | 636,000 | 549 |
| | Jiangsu Azure Corp. Class A | 266,900 | 548 |
| * | LexinFintech Holdings Ltd. ADR | 400,621 | 545 |
| *,1 | EHang Holdings Ltd. ADR | 144,974 | 544 |
| | Xiamen Xiangyu Co. Ltd. Class A (XSHG) | 399,900 | 542 |
| *,1,2 | Maoyan Entertainment | 927,000 | 541 |
| | Chengtun Mining Group Co. Ltd. Class A | 709,938 | 541 |
| *,1 | China South City Holdings Ltd. | 11,288,000 | 539 |
| | Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A | 493,700 | 538 |
| | China Kepei Education Group Ltd. | 2,184,000 | 537 |
| | | Shares | Market
Value•
($000) |
| | Shaanxi Construction Engineering Group Corp. Ltd. Class A | 955,200 | 537 |
| | Health & Happiness H&H International Holdings Ltd. | 568,000 | 536 |
| | Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 183,600 | 535 |
| | Shenzhen Fastprint Circuit Tech Co. Ltd. Class A | 330,300 | 533 |
| | Jiangsu ToLand Alloy Co. Ltd. Class A | 71,700 | 533 |
| | CPMC Holdings Ltd. | 1,094,000 | 530 |
| * | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A | 1,484,400 | 530 |
| * | Zhejiang Narada Power Source Co. Ltd. Class A | 209,900 | 528 |
| * | China High Speed Transmission Equipment Group Co. Ltd. | 1,296,300 | 527 |
| | Nanjing Gaoke Co. Ltd. Class A | 615,000 | 524 |
| | Shanghai Hanbell Precise Machinery Co. Ltd. Class A | 142,500 | 520 |
| | Wasu Media Holding Co. Ltd. Class A | 549,537 | 516 |
| | Wuxi NCE Power Co. Ltd. Class A | 45,920 | 511 |
| * | Shanghai Milkground Food Tech Co. Ltd. Class A | 133,000 | 510 |
| 1 | Tian Lun Gas Holdings Ltd. | 1,417,900 | 508 |
| | Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H | 330,000 | 507 |
| * | Jiangsu Akcome Science & Technology Co. Ltd. Class A | 1,202,200 | 505 |
| | Jiangsu Nata Opto-electronic Material Co. Ltd. Class A | 112,515 | 505 |
| | China National Gold Group Gold Jewellery Co. Ltd. | 347,100 | 504 |
| *,2 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 900,600 | 499 |
| | Wuhu Token Science Co. Ltd. Class A | 576,810 | 495 |
| * | Mianyang Fulin Precision Co. Ltd. Class A | 256,500 | 495 |
| | Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 273,199 | 493 |
| | Nanjing Yunhai Special Metals Co. Ltd. Class A | 189,500 | 492 |
| | Shenzhen FRD Science & Technology Co. Ltd. | 205,043 | 491 |
| | Shandong Dongyue Organosilicon Material Co. Ltd. Class A | 285,800 | 487 |
| | Shenzhen Topband Co. Ltd. Class A | 312,800 | 483 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Beijing Jingyuntong Technology Co. Ltd. Class A | 488,300 | 483 |
| | Shanghai Huafon Aluminium Corp. | 240,600 | 481 |
| *,2 | Ascletis Pharma Inc. | 1,632,000 | 480 |
| | Qingdao Sentury Tire Co. Ltd. | 134,200 | 478 |
| | Foran Energy Group Co. Ltd. Class A | 309,910 | 476 |
| * | Beijing Enterprises Clean Energy Group Ltd. | 70,300,000 | 475 |
| * | Wellhope Foods Co. Ltd. Class A | 304,700 | 475 |
| | Jiangsu Guotai International Group Co. Ltd. Class A | 427,100 | 474 |
| | Sineng Electric Co. Ltd. | 54,000 | 474 |
| | Xiamen Bank Co. Ltd. | 672,594 | 473 |
| * | Guocheng Mining Co. Ltd. Class A | 217,475 | 472 |
| | Jiangsu Jiejie Microelectronics Co. Ltd. Class A | 185,714 | 472 |
| | Shanghai Daimay Automotive Interior Co. Ltd. Class A | 217,894 | 469 |
| | Yantai Tayho Advanced Materials Co. Ltd. Class A | 201,900 | 467 |
| | Xiamen Kingdomway Group Co. Class A | 202,433 | 467 |
| | Gree Real Estate Co. Ltd. Class A | 605,435 | 465 |
| | Zhende Medical Co. Ltd. Class A | 72,925 | 464 |
| | Chongqing Sanfeng Environment Group Corp. Ltd. Class A | 523,100 | 463 |
| | Jiangsu Lopal Tech Co. Ltd. | 122,492 | 463 |
| | CNSIG Inner Mongolia Chemical Industry Co. Ltd. | 248,300 | 462 |
| | Cangzhou Mingzhu Plastic Co. Ltd. Class A | 728,080 | 460 |
| | China Tungsten And Hightech Materials Co. Ltd. Class A | 232,400 | 459 |
| | China Lilang Ltd. | 1,060,000 | 458 |
| | Ausnutria Dairy Corp. Ltd. | 972,000 | 458 |
| | GCI Science & Technology Co. Ltd. Class A | 157,500 | 457 |
| | Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A | 148,033 | 455 |
| | Shenzhen Desay Battery Technology Co. Class A | 66,035 | 451 |
| | Anhui Jiangnan Chemical Industry Co. Ltd. Class A | 682,200 | 451 |
| | Hainan Haide Capital Management Co. Ltd. Class A | 230,392 | 451 |
| | Sanquan Food Co. Ltd. Class A | 233,200 | 450 |
| | Wuhan Jingce Electronic Group Co. Ltd. Class A | 63,992 | 450 |
| | | Shares | Market
Value•
($000) |
| * | Hubei Yihua Chemical Industry Co. Ltd. Class A | 232,800 | 450 |
| | B-Soft Co. Ltd. Class A | 388,230 | 446 |
| | Shenzhen H&T Intelligent Control Co. Ltd. Class A | 219,904 | 446 |
| | CTS International Logistics Corp. Ltd. Class A | 291,080 | 446 |
| | Giant Network Group Co. Ltd. | 419,300 | 446 |
| | Southern Shuanglin Bio-pharmacy Co. Ltd. Class A | 178,363 | 444 |
| | Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A | 421,800 | 443 |
| | Digital China Group Co. Ltd. Class A | 121,000 | 443 |
| | Hunan Zhongke Electric Co. Ltd. Class A | 166,500 | 441 |
| 3 | Nuode Investment Co. Ltd. | 332,192 | 441 |
| | Shanghai Belling Co. Ltd. Class A | 176,800 | 440 |
| | Bank of Chongqing Co. Ltd. Class A | 486,575 | 440 |
| * | Jinlei Technology Co. Ltd. Class A | 67,800 | 440 |
| * | Guangdong Create Century Intelligent Equipment Group Corp. Ltd. Class A | 307,404 | 438 |
| | Electric Connector Technology Co. Ltd. Class A | 86,000 | 434 |
| | Arcsoft Corp. Ltd. Class A | 125,620 | 433 |
| | ZWSOFT Co. Ltd. Guangzhou Class A | 13,957 | 432 |
| | Grinm Advanced Materials Co. Ltd. Class A | 237,500 | 430 |
| | Infore Environment Technology Group Co. Ltd. Class A | 671,165 | 429 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class A | 443,959 | 428 |
| | INESA Intelligent Tech Inc. Class B | 926,806 | 427 |
| | Jiangyin Hengrun Heavy Industries Co. Ltd. Class A | 114,400 | 427 |
| | Hisense Home Appliances Group Co. Ltd. Class H | 515,173 | 426 |
| | Xianhe Co. Ltd. Class A | 127,300 | 425 |
| * | CHN Energy Changyuan Electric Power Co. Ltd. Class A | 701,300 | 425 |
| | First Tractor Co. Ltd. Class A | 287,300 | 424 |
| | Jiangxi Jovo Energy Co. Ltd. Class A | 135,900 | 422 |
| | Sunflower Pharmaceutical Group Co. Ltd. Class A | 132,971 | 421 |
| | CNHTC Jinan Truck Co. Ltd. Class A | 270,660 | 421 |
| | | Shares | Market
Value•
($000) |
| | Lier Chemical Co. Ltd. Class A | 168,680 | 421 |
| | Shenzhen Leaguer Co. Ltd. Class A | 394,400 | 421 |
| | Henan Mingtai Al Industrial Co. Ltd. | 211,196 | 418 |
| | China Wafer Level Csp Co. Class A | 150,720 | 417 |
| * | Gaotu Techedu Inc. ADR | 628,358 | 415 |
| * | Bohai Leasing Co. Ltd. Class A | 1,376,000 | 415 |
| | Sino-Platinum Metals Co. Ltd. Class A | 201,430 | 414 |
| | Yankershop Food Co. Ltd. Class A | 34,500 | 414 |
| * | Kingnet Network Co. Ltd. Class A | 513,400 | 414 |
| | Shanghai Haixin Group Co. Class B | 1,321,500 | 409 |
| * | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 297,800 | 409 |
| | Beijing BDStar Navigation Co. Ltd. Class A | 104,659 | 404 |
| | COFCO Capital Holdings Co. Ltd. Class A | 497,300 | 402 |
| | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 167,500 | 399 |
| | Chongqing Fuling Electric Power Industrial Co. Ltd. Class A | 235,680 | 399 |
| * | Guangdong Fenghua Advanced Technology Holding Co. Ltd. | 211,593 | 398 |
| | Mayinglong Pharmaceutical Group Co. Ltd. Class A | 126,500 | 397 |
| | Hainan Poly Pharm Co. Ltd. Class A | 108,902 | 395 |
| * | China Dongxiang Group Co. Ltd. | 13,285,000 | 394 |
| | Riyue Heavy Industry Co. Ltd. Class A | 129,000 | 391 |
| | Shandong Shanda WIT Science & Tech Co. Ltd. Class A | 60,200 | 391 |
| | Zhejiang Orient Gene Biotech Co. Ltd. Class A | 34,598 | 391 |
| | Fujian Star-net Communication Co. Ltd. Class A | 134,100 | 390 |
| | Jiangsu Boqian New Materia Class A | 60,400 | 390 |
| | Shanghai Fullhan Microelectronics Co. Ltd. Class A | 54,720 | 389 |
| | Beijing Tongtech Co. Ltd. Class A | 107,460 | 388 |
| | China Publishing & Media Co. Ltd. Class A | 671,805 | 388 |
| | Jiangsu Provincial Agricultural Reclamation and Development Corp. (XSSC) | 223,100 | 386 |
| | Vats Liquor Chain Store Management JSC Ltd. | 128,600 | 385 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| * | PNC Process Systems Co. Ltd. | 71,700 | 385 |
| * | Tongdao Liepin Group | 441,200 | 384 |
| * | Youdao Inc. ADR | 112,880 | 383 |
| | Jade Bird Fire Co. Ltd. Class A | 112,000 | 383 |
| | Zhejiang Tiantie Industry Co. Ltd. Class A | 263,094 | 379 |
| | Jinghua Pharmaceutical Group Co. Ltd. | 206,290 | 374 |
| | Shenzhen Yinghe Technology Co. Ltd. Class A | 135,596 | 370 |
| | Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 539,300 | 369 |
| | First Tractor Co. Ltd. Class H | 912,954 | 367 |
| | Chengdu Wintrue Holding Co. Ltd. Class A | 234,900 | 366 |
| | Chengdu Kanghua Biological Products Co. Ltd. Class A | 26,100 | 366 |
| | Beijing Aosaikang Pharmaceutical Co. Ltd. Class A | 326,003 | 363 |
| *,1 | LVGEM China Real Estate Investment Co. Ltd. | 3,802,000 | 363 |
| * | Hongda Xingye Co. Ltd. Class A | 807,800 | 363 |
| | Yusys Technologies Co. Ltd. Class A | 151,780 | 362 |
| | China Tianying Inc. Class A | 545,900 | 361 |
| | Fibocom Wireless Inc. Class A | 140,313 | 361 |
| | MLS Co. Ltd. Class A | 314,600 | 360 |
| | Shanghai Liangxin Electrical Co. Ltd. Class A | 233,240 | 360 |
| * | Chongqing Iron & Steel Co. Ltd. Class A | 1,724,767 | 360 |
| * | China Express Airlines Co. Ltd. Class A | 247,800 | 360 |
| * | Chengzhi Co. Ltd. Class A | 293,300 | 359 |
| | Shanxi Coking Co. Ltd. Class A (XSHG) | 487,227 | 358 |
| | Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A | 354,600 | 358 |
| | Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 84,550 | 356 |
| | Riyue Heavy Industry Co. Ltd. Class A (XSHG) | 116,900 | 355 |
| * | Niu Technologies ADR | 135,036 | 354 |
| | Ligao Foods Co. Ltd. Class A | 34,900 | 354 |
| 2 | China Everbright Greentech Ltd. | 2,160,000 | 352 |
| | Sai Micro Electronics Inc. Class A | 147,500 | 351 |
| | Winall Hi-Tech Seed Co. Ltd. Class A | 173,250 | 351 |
| | Suzhou Good-Ark Electronics Co. Ltd. Class A | 199,000 | 347 |
| | | Shares | Market
Value•
($000) |
| * | Aotecar New Energy Technology Co. Ltd. Class A | 1,007,400 | 347 |
| | Zhejiang Windey Co. Ltd. Class A | 140,640 | 347 |
| | Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 94,600 | 346 |
| | Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 359,000 | 345 |
| * | Zhongtian Financial Group Co. Ltd. Class A | 1,790,700 | 344 |
| * | Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 204,100 | 344 |
| | Eoptolink Technology Inc. Ltd Class A | 96,821 | 344 |
| | Truking Technology Ltd. Class A | 148,900 | 343 |
| | Yotrio Group Co. Ltd. Class A | 750,400 | 341 |
| | Hainan Strait Shipping Co. Ltd. Class A | 532,050 | 341 |
| | Accelink Technologies Co. Ltd. Class A | 145,300 | 339 |
| | Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A | 103,300 | 339 |
| | Beijing Strong Biotechnologies Inc. Class A | 138,200 | 338 |
| | Shanghai Bright Power Semiconductor Co. Ltd. Class A | 24,385 | 338 |
| | Sino Wealth Electronic Ltd. Class A | 78,729 | 337 |
| * | Tangrenshen Group Co. Ltd. Class A | 346,800 | 336 |
| | Shanxi Blue Flame Holding Co. Ltd. Class A | 291,800 | 336 |
| * | DouYu International Holdings Ltd. ADR | 333,635 | 334 |
| | Telling Telecommunication Holding Co. Ltd. Class A | 275,400 | 334 |
| | KPC Pharmaceuticals Inc. Class A | 155,100 | 334 |
| | Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 206,600 | 334 |
| | Archermind Technology Nanjing Co. Ltd. Class A | 38,100 | 334 |
| * | Tech-Bank Food Co. Ltd. Class A | 401,497 | 333 |
| * | Keshun Waterproof Technologies Co. Ltd. Class A | 253,700 | 333 |
| | Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A | 97,440 | 333 |
| | Shenzhen Changhong Technology Co. Ltd. Class A | 127,700 | 333 |
| | QuakeSafe Technologies Co. Ltd. Class A | 57,117 | 333 |
| | | Shares | Market
Value•
($000) |
| | Beijing Dahao Technology Corp. Ltd. Class A | 149,100 | 331 |
| | Sichuan Anning Iron and Titanium Co. Ltd. Class A | 71,933 | 330 |
| | Foryou Corp. | 67,400 | 328 |
| | Guangzhou Restaurant Group Co. Ltd. Class A | 117,260 | 327 |
| | Zhejiang Ausun Pharmaceutical Co. Ltd. Class A | 91,500 | 326 |
| | Suzhou TFC Optical Communication Co. Ltd. Class A | 83,780 | 325 |
| | Shandong Jinjing Science & Technology Co. Ltd. Class A | 296,200 | 325 |
| * | Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A | 776,000 | 324 |
| | Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 229,000 | 323 |
| | Qingdao East Steel Tower Stock Co. Ltd. Class A | 293,600 | 323 |
| | Edan Instruments Inc. Class A | 189,000 | 320 |
| | Zhejiang Weixing Industrial Development Co. Ltd. Class A | 246,691 | 320 |
| | Xinjiang Xintai Natural Gas Co. Ltd. Class A | 113,700 | 319 |
| * | Talkweb Information System Co. Ltd. Class A | 313,800 | 319 |
| * | Shandong Longda Meat Foodstuff Co. Ltd. Class A | 248,700 | 319 |
| | Jiuzhitang Co. Ltd. Class A | 267,600 | 318 |
| * | Inner Mongolia Xingye Mining Co. Ltd. Class A | 403,700 | 318 |
| | China Harmony New Energy Auto Holding Ltd. | 2,777,500 | 315 |
| | Shandong Bohui Paper Industrial Co. Ltd. Class A | 351,858 | 315 |
| | Shenzhen Fine Made Electronics Group Co. Ltd. Class A | 56,200 | 314 |
| | FAWER Automotive Parts Co. Ltd. Class A | 500,400 | 313 |
| | Top Resource Conservation & Environment Corp. Class A | 192,500 | 313 |
| * | Hebei Chengde Lolo Co. Class A | 301,760 | 311 |
| | Beibuwan Port Co. Ltd. Class A | 320,019 | 311 |
| | Shenyang Xingqi Pharmaceutical Co. Ltd. Class A | 21,700 | 311 |
| | Shanghai Maling Aquarius Co. Ltd. Class A | 337,597 | 311 |
| | Sino Biological Inc. | 22,593 | 310 |
| | Xinyu Iron & Steel Co. Ltd. Class A | 626,163 | 307 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| * | China Aluminum International Engineering Corp. Ltd. Class A | 591,800 | 307 |
| * | Hunan Er-Kang Pharmaceutical Co. Ltd. Class A | 699,900 | 305 |
| * | Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A | 223,010 | 304 |
| | Moon Environment Technology Co. Ltd. Class A | 192,700 | 304 |
| * | OneConnect Financial Technology Co. Ltd. ADR | 477,208 | 303 |
| | Shenzhen Tagen Group Co. Ltd. Class A | 430,300 | 303 |
| | Tongling Jingda Special Magnet Wire Co. Ltd. Class A | 518,200 | 303 |
| | Xilinmen Furniture Co. Ltd. Class A | 99,600 | 302 |
| | Monalisa Group Co. Ltd. Class A | 176,171 | 301 |
| * | Advanced Technology & Materials Co. Ltd. Class A | 272,500 | 300 |
| | Renhe Pharmacy Co. Ltd. Class A | 346,200 | 300 |
| | SGIS Songshan Co. Ltd. Class A | 813,300 | 300 |
| | Zhejiang Communications Technology Co. Ltd. | 423,800 | 300 |
| | Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 270,600 | 300 |
| | Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A | 252,641 | 298 |
| | Jiangsu Guomao Reducer Co. Ltd. Class A | 111,279 | 298 |
| | China CAMC Engineering Co. Ltd. Class A | 279,800 | 295 |
| | Qingling Motors Co. Ltd. Class H | 2,606,929 | 293 |
| | CETC Digital Technology Co. Ltd. Class A | 100,750 | 291 |
| | Guangdong Tapai Group Co. Ltd. Class A | 313,328 | 290 |
| | Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 91,400 | 290 |
| | Jinneng Science&Technology Co. Ltd. Class A | 234,000 | 288 |
| * | Shanghai Runda Medical Technology Co. Ltd. Class A | 193,100 | 288 |
| | Hunan Aihua Group Co. Ltd. Class A | 86,843 | 288 |
| * | Zhejiang Qianjiang Motorcycle Co. Ltd. Class A | 109,500 | 288 |
| | Guizhou Chanhen Chemical Corp. Class A | 100,100 | 288 |
| | Shandong Dawn Polymer Co. Ltd. Class A | 119,800 | 286 |
| | | Shares | Market
Value•
($000) |
| | Xiamen Xiangyu Co. Ltd. Class A | 211,033 | 286 |
| | Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 115,700 | 284 |
| | Beijing eGOVA Co. Ltd. | 102,700 | 284 |
| | Sichuan Jiuzhou Electric Co. Ltd. Class A | 259,700 | 284 |
| | Jenkem Technology Co. Ltd. Class A | 12,615 | 284 |
| | Tongyu Heavy Industry Co. Ltd. Class A | 811,500 | 282 |
| | Chengdu Hongqi Chain Co. Ltd. Class A | 443,200 | 281 |
| | Guangdong Great River Smarter Logistics Co. Ltd. Class A | 95,700 | 281 |
| | Guangdong Dowstone Technology Co. Ltd. Class A | 143,400 | 281 |
| * | ChemPartner PharmaTech Co. Ltd. Class A | 204,900 | 280 |
| | Luyang Energy-Saving Materials Co. Ltd. | 102,266 | 280 |
| | KWG Living Group Holdings Ltd. | 2,959,350 | 279 |
| 2 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 83,300 | 279 |
| | Victory Giant Technology Huizhou Co. Ltd. Class A | 150,757 | 278 |
| | Tibet Rhodiola Pharmaceutical Holding Co. Class A | 54,500 | 278 |
| * | Innuovo Technology Co. Ltd. Class A | 308,700 | 276 |
| | Beijing SuperMap Software Co. Ltd. Class A | 106,000 | 275 |
| | Jiangsu Changshu Rural Commercial Bank Co. Ltd. Class A | 286,300 | 275 |
| *,2 | Archosaur Games Inc. | 948,000 | 273 |
| * | Luoyang Glass Co. Ltd. Class A | 102,500 | 273 |
| * | Ningxia Zhongyin Cashmere Class A | 1,104,900 | 272 |
| | Guangdong Hybribio Biotech Co. Ltd. Class A | 96,858 | 271 |
| * | Beijing Compass Technology Development Co. Ltd. Class A | 44,400 | 270 |
| | Lancy Co. Ltd. Class A | 104,400 | 270 |
| | Guangdong Jia Yuan Technology Shares Co. Ltd. Class A | 37,692 | 270 |
| | Jinyuan EP Co. Ltd. | 148,800 | 269 |
| | Shanghai Industrial Urban Development Group Ltd. | 4,728,000 | 268 |
| | Sumavision Technologies Co. Ltd. Class A | 393,700 | 268 |
| | Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 534,305 | 268 |
| | Central China Management Co. Ltd. | 3,891,000 | 268 |
| | | Shares | Market
Value•
($000) |
| | Longhua Technology Group Luoyang Co. Ltd. Class A | 281,200 | 267 |
| | BrightGene Bio-Medical Technology Co. Ltd. Class A | 92,017 | 267 |
| | CQ Pharmaceutical Holding Co. Ltd. Class A | 380,600 | 266 |
| * | Orient Group Inc. Class A | 774,900 | 266 |
| | YGSOFT Inc. Class A | 289,569 | 265 |
| | Shandong Head Co. Ltd. Class A | 80,800 | 265 |
| *,2 | Viva Biotech Holdings | 1,741,500 | 264 |
| | Lushang Health Industry Development Co. Ltd. Class A | 294,800 | 264 |
| | Amoy Diagnostics Co. Ltd. Class A | 81,720 | 263 |
| | Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A | 131,300 | 263 |
| | Guangzhou GRG Metrology & Test Co. Ltd. Class A | 112,100 | 263 |
| *,1 | Zhenro Properties Group Ltd. | 9,804,000 | 261 |
| * | HyUnion Holding Co. Ltd. Class A | 247,800 | 261 |
| | Ningbo Peacebird Fashion Co. Ltd. Class A | 121,100 | 261 |
| | Shenzhen Gongjin Electronics Co. Ltd. Class A | 212,400 | 260 |
| | Hangxiao Steel Structure Co. Ltd. Class A | 479,400 | 257 |
| | Jiangsu Shagang Co. Ltd. Class A | 480,000 | 256 |
| * | Genimous Technology Co. Ltd. Class A | 339,100 | 256 |
| | Shandong Xiantan Co. Ltd. | 208,300 | 256 |
| * | Client Service International Inc. Class A | 117,300 | 255 |
| * | Hand Enterprise Solutions Co. Ltd. Class A | 206,900 | 254 |
| | CGN Nuclear Technology Development Co. Ltd. Class A | 252,324 | 254 |
| | PCI Technology Group Co. Ltd. Class A | 324,200 | 253 |
| | Anhui Construction Engineering Group Co. Ltd. Class A | 400,800 | 253 |
| | Henan Yuguang Gold & Lead Co. Ltd. Class A | 378,800 | 252 |
| | Zhejiang Wanma Co. Ltd. Class A | 201,800 | 250 |
| | Hunan TV & Broadcast Intermediary Co. Ltd. Class A | 388,828 | 250 |
| | Guangzhou Zhiguang Electric Co. Ltd. Class A | 202,900 | 250 |
| | Shenzhen Fortune Trend Technology Co. Ltd. Class A | 20,161 | 249 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Zhejiang Jiahua Energy Chemical Industry Co. Ltd. Class A | 215,200 | 249 |
| | PhiChem Corp. Class A | 105,500 | 247 |
| | Xinjiang Communications Construction Group Co. Ltd. Class A | 150,600 | 247 |
| | Changchun Faway Automobile Components Co. Ltd. Class A | 211,460 | 246 |
| | Wuxi Boton Technology Co. Ltd. Class A | 133,700 | 245 |
| | Shenzhen Sunline Tech Co. Ltd. Class A | 133,900 | 245 |
| | Yibin Tianyuan Group Co. Ltd. Class A | 263,250 | 245 |
| | Wuhan Department Store Group Co. Ltd. Class A | 188,173 | 244 |
| | Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 735,000 | 242 |
| | Guangdong Guanghua Sci Tech Class A | 100,900 | 242 |
| | Beijing Water Business Doctor Co. Ltd. Class A | 221,500 | 242 |
| | Jiangsu Huahong Technology Stock Co. Ltd. Class A | 121,393 | 242 |
| * | Hainan Development Holdings Nanhai Co. Ltd. Class A | 176,900 | 238 |
| | China Railway Tielong Container Logistics Co. Ltd. Class A | 333,300 | 237 |
| * | Sichuan Haite High-tech Co. Ltd. Class A | 190,200 | 233 |
| * | Shenzhen World Union Group Inc. Class A | 679,900 | 233 |
| * | YaGuang Technology Group Co. Ltd. Class A | 274,900 | 233 |
| | Hangzhou Boiler Group Co. Ltd. Class A | 97,700 | 233 |
| | Road King Infrastructure Ltd. | 813,346 | 232 |
| * | Luoniushan Co. Ltd. Class A | 268,600 | 232 |
| | Dalian Huarui Heavy Industry Group Co. Ltd. Class A | 309,500 | 232 |
| | Anhui Genuine New Materials Co. Ltd. Class A | 155,717 | 230 |
| | Chengdu Leejun Industrial Co. Ltd. Class A | 253,100 | 230 |
| | Jiangsu Amer New Material Co. Ltd. | 124,300 | 230 |
| * | Beijing VRV Software Corp. Ltd. Class A | 348,300 | 228 |
| | Sichuan Jinyuan Yinhai Software Co. Ltd. | 95,700 | 228 |
| | Dongjiang Environmental Co. Ltd. Class A | 314,899 | 227 |
| | Zhejiang Hailide New Material Co. Ltd. Class A | 315,400 | 227 |
| *,3 | HC SemiTek Corp. Class A | 222,800 | 227 |
| | | Shares | Market
Value•
($000) |
| | Ningbo Huaxiang Electronic Co. Ltd. Class A | 116,000 | 226 |
| | Jiangxi Wannianqing Cement Co. Ltd. Class A | 209,100 | 226 |
| | Bear Electric Appliance Co. Ltd. Class A | 28,800 | 226 |
| | Black Peony Group Co. Ltd. Class A | 228,740 | 226 |
| | Beijing North Star Co. Ltd. Class H | 2,368,000 | 224 |
| *,3 | Kaisa Group Holdings Ltd. | 10,325,268 | 224 |
| * | YanTai Shuangta Food Co. Ltd. Class A | 301,100 | 224 |
| | Chongqing Zongshen Power Machinery Co. Ltd. Class A | 254,343 | 224 |
| * | Henan Yuneng Holdings Co. Ltd. Class A | 322,700 | 223 |
| * | Bestway Marine & Energy Technology Co. Ltd. Class A | 390,400 | 223 |
| | Zhejiang Shuanghuan Driveline Co. Ltd. Class A | 57,300 | 223 |
| | Shenzhen Microgate Technology Co. Ltd. Class A | 200,900 | 222 |
| | Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 150,700 | 220 |
| | IReader Technology Co. Ltd. Class A | 112,300 | 220 |
| | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 431,328 | 220 |
| * | Shenzhen Center Power Tech Co. Ltd. Class A | 85,800 | 220 |
| | Guangdong Advertising Group Co. Ltd. Class A | 383,500 | 220 |
| * | Gohigh Data Networks Technology Co. Ltd. Class A | 296,900 | 219 |
| * | Tongding Interconnection Information Co. Ltd. | 287,300 | 217 |
| | Guangdong Topstar Technology Co. Ltd. Class A | 100,620 | 217 |
| | Beyondsoft Corp. Class A | 140,900 | 217 |
| | Shantui Construction Machinery Co. Ltd. Class A | 382,600 | 216 |
| | Shanghai AtHub Co. Ltd. Class A | 60,200 | 215 |
| | Rongsheng Petrochemical Co. Ltd. Class A | 234,055 | 215 |
| | Qinghai Huzhu Tianyoude Class A | 120,900 | 215 |
| * | Shengda Resources Co. Ltd. Class A | 162,000 | 214 |
| | Hanwei Electronics Group Class A | 84,000 | 214 |
| | Guangdong Goworld Co. Ltd. | 163,900 | 213 |
| | Jinhui Liquor Co. Ltd. Class A | 77,400 | 213 |
| | Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 114,600 | 212 |
| | | Shares | Market
Value•
($000) |
| | Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 239,600 | 211 |
| | Hangzhou Onechance Tech Corp. Class A | 54,300 | 211 |
| | Gansu Qilianshan Cement Group Co. Ltd. Class A | 158,700 | 210 |
| | Lihuayi Weiyuan Chemical Co. Ltd. | 74,400 | 210 |
| | Ningbo Zhenyu Technology Co. Ltd. Class A | 17,894 | 209 |
| | Yonggao Co. Ltd. Class A | 348,100 | 208 |
| | Beijing Ctrowell Technology Corp. Ltd. Class A | 181,800 | 207 |
| | Tianjin Teda Co. Ltd. Class A | 386,700 | 205 |
| | Shenzhen Ysstech Info-tech Co. Ltd. Class A | 177,100 | 205 |
| | China SCE Group Holdings Ltd. | 3,968,000 | 205 |
| * | Visionox Technology Inc. Class A | 252,200 | 204 |
| | Jin Tong Ling Technology Class A | 383,000 | 204 |
| | Sino GeoPhysical Co. Ltd. Class A | 83,000 | 203 |
| | Hangzhou Electronic Soul Network Technology Co. Ltd. Class A | 73,700 | 202 |
| | Guomai Technologies Inc. Class A | 182,500 | 198 |
| | Konka Group Co. Ltd. Class A | 295,400 | 197 |
| | Shenzhen Click Technology Co Ltd | 89,100 | 197 |
| * | Xi'an Tian He Defense Technology Co. Ltd. Class A | 138,300 | 196 |
| | Zhejiang Starry Pharmaceutical Co. Ltd. Class A | 81,900 | 196 |
| | Changying Xinzhi Technology Co. Ltd. Class A | 103,400 | 196 |
| | Better Life Commercial Chain Share Co. Ltd. Class A | 288,659 | 195 |
| * | INKON Life Technology Co. Ltd. Class A | 141,100 | 195 |
| | Guangdong Aofei Data Technology Co. Ltd. Class A | 150,660 | 193 |
| | Sinosteel Engineering & Technology Co. Ltd. Class A | 268,300 | 193 |
| * | Beijing Watertek Information Technology Co. Ltd. Class A | 440,600 | 191 |
| | Western Region Gold Co. Ltd. Class A | 117,867 | 191 |
| * | Anhui Tatfook Technology Co. Ltd. Class A | 166,884 | 191 |
| * | Beijing Philisense Technology Co. Ltd. Class A | 370,400 | 190 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | ZheJiang Dali Technology Co. Ltd. Class A | 100,920 | 189 |
| * | China High Speed Railway Technology Co. Ltd. Class A | 610,400 | 188 |
| | Yijiahe Technology Co. Ltd. Class A | 39,200 | 188 |
| | DBG Technology Co. Ltd. Class A | 143,060 | 187 |
| | Three's Co. Media Group Co. Ltd. Class A | 19,542 | 187 |
| | Wuhan Fingu Electronic Technology Co. Ltd. Class A | 142,060 | 186 |
| | Shenzhen Laibao Hi-tech Co. Ltd. Class A | 171,969 | 183 |
| | Beijing Sanlian Hope Shin Class A | 81,000 | 183 |
| | City Development Environment Co. Ltd. Class A | 139,720 | 182 |
| | Goldenmax International Technology Ltd. Class A | 166,100 | 181 |
| | Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 261,700 | 181 |
| | Marssenger Kitchenware Co. Ltd. Class A | 60,100 | 181 |
| * | Wuhan P&S Information Technology Co. Ltd. Class A | 301,700 | 180 |
| | Edifier Technology Co. Ltd. Class A | 160,900 | 179 |
| *,1 | Times China Holdings Ltd. | 2,835,693 | 177 |
| | Jiangsu Provincial Agricultural Reclamation and Development Corp. | 102,100 | 177 |
| | Xinhuanet Co. Ltd. Class A | 84,900 | 177 |
| | Chow Tai Seng Jewellery Co. Ltd. Class A | 116,250 | 176 |
| * | Beijing Bohui Innovation Biotechnology Group Co. Ltd. Class A | 203,900 | 174 |
| * | Xiamen Jihong Technology Co. Ltd. Class A | 101,000 | 174 |
| | Aerospace Hi-Tech Holdings Group Ltd. Class A | 147,897 | 173 |
| | DeHua TB New Decoration Materials Co. Ltd. Class A | 170,900 | 173 |
| * | CSG Smart Science&Technology Co. Ltd. Class A | 181,900 | 171 |
| | Shanghai Kaibao Pharmaceutical Co. Ltd. | 219,100 | 171 |
| * | Fujian Snowman Co. Ltd. Class A | 149,300 | 171 |
| * | Sunward Intelligent Equipment Co. Ltd. Class A | 200,700 | 169 |
| | | Shares | Market
Value•
($000) |
| | Zhongfu Information Inc. Class A | 50,100 | 169 |
| | China Harzone Industry Corp. Ltd. Class A | 174,200 | 165 |
| | Eastcompeace Technology Co. Ltd. Class A | 84,100 | 165 |
| * | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A | 277,500 | 163 |
| | Shanghai Kinetic Medical Co. Ltd. Class A | 150,248 | 162 |
| * | Hongli Zhihui Group Co. Ltd. Class A | 162,300 | 162 |
| * | Huafon Microfibre Shanghai Technology Co. Ltd. Class T | 313,743 | 161 |
| | Xinxiang Chemical Fiber Co. Ltd. Class A | 377,700 | 160 |
| * | Zhejiang Jingu Co. Ltd. Class A | 185,200 | 159 |
| | JSTI Group Class A | 201,500 | 159 |
| * | Beijing Orient Landscape & Environment Co. Ltd. Class A | 568,600 | 158 |
| | Xiamen Comfort Science & Technology Group Co. Ltd. Class A | 140,800 | 158 |
| * | Shenzhen Das Intellitech Co. Ltd. Class A | 350,600 | 156 |
| * | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A | 291,200 | 154 |
| | EIT Environmental Development Group Co. Ltd. Class A | 73,075 | 154 |
| | Jiangxi Huangshanghuang Group Food Co. Ltd. Class A | 115,700 | 153 |
| | Hangzhou Haoyue Personal Care Co. Ltd. Class A | 26,894 | 153 |
| | Chengdu RML Technology Co. Ltd. | 13,395 | 153 |
| | Unilumin Group Co. Ltd. Class A | 182,800 | 152 |
| | Gansu Shangfeng Cement Co. Ltd. Class A | 109,920 | 151 |
| * | Suzhou Electrical Apparatus Science Academy Co. Ltd. Class A | 193,900 | 150 |
| * | Grand Industrial Holding Group Co. Ltd. | 130,900 | 149 |
| | Shaanxi Construction Machinery Co. Ltd. Class A | 239,850 | 148 |
| | Zhejiang Meida Industrial Co. Ltd. Class A | 107,000 | 147 |
| * | Beijing Thunisoft Corp. Ltd. Class A | 149,100 | 145 |
| | Shenzhen Sunmoon Microelectronics Co. Ltd. Class A | 20,499 | 140 |
| | | Shares | Market
Value•
($000) |
| * | Jiangsu Lihua Animal Husbandry Stock Co. Ltd. Class A | 27,800 | 139 |
| | Inner Mongolia M-Grass Ecology And Enviroment Group Co. Ltd. Class A | 323,600 | 139 |
| | 5I5J Holding Group Co. Ltd. Class A | 434,300 | 137 |
| * | Zhuhai Orbita Aerospace Science & Technology Co. Ltd. Class A | 129,300 | 135 |
| | Shanghai Yaoji Technology Co. Ltd. Class A | 73,800 | 134 |
| | Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A | 49,476 | 133 |
| | Kunming Yunnei Power Co. Ltd. Class A | 364,400 | 133 |
| | Zhuhai Bojay Electronics Co. Ltd. Class A | 27,100 | 133 |
| | Canny Elevator Co. Ltd. Class A | 145,500 | 132 |
| | Chongyi Zhangyuan Tungsten Industry Co. Ltd. Class A | 146,200 | 132 |
| | Huafu Fashion Co. Ltd. Class A | 316,500 | 131 |
| * | JC Finance & Tax Interconnect Holdings Ltd. | 118,600 | 130 |
| | Chongqing Zaisheng Technology Corp. Ltd. Class A | 182,980 | 130 |
| * | Kunshan Kersen Science & Technology Co. Ltd. Class A | 131,900 | 127 |
| | Chengdu ALD Aviation Manufacturing Corp. Class A | 32,700 | 125 |
| | Shenzhen Jieshun Science And Technology Industry Co. Ltd. Class A | 115,900 | 123 |
| | Beijing Science Sun Pharmaceutical Co. Ltd. | 74,900 | 121 |
| | Shanxi Coking Co. Ltd. Class A | 165,100 | 121 |
| * | Feitian Technologies Co. Ltd. Class A | 80,800 | 120 |
| * | Berry Genomics Co. Ltd. Class A | 67,900 | 118 |
| * | Markor International Home Furnishings Co. Ltd. Class A | 328,810 | 116 |
| | Fujian Cement Inc. Class A | 169,700 | 116 |
| | Greenland Hong Kong Holdings Ltd. | 2,228,000 | 115 |
| * | 263 Network Communication Co. Ltd. | 184,900 | 110 |
| | Dare Power Dekor Home Co. Ltd. Class A | 101,400 | 109 |
| | Zhejiang Yasha Decoration Co. Ltd. Class A | 176,700 | 104 |
| | Streamax Technology Co. Ltd. Class A | 33,800 | 104 |
| | Lee's Pharmaceutical Holdings Ltd. | 583,526 | 103 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | China Publishing & Media Co. Ltd. Class A (XSHG) | 178,100 | 103 |
| *,3 | Boshiwa International Ltd. | 469,000 | 100 |
| | Wuhan Keqian Biology Co. Ltd. Class A | 30,352 | 100 |
| | Rainbow Digital Commercial Co. Ltd. Class A | 141,500 | 97 |
| * | Guangdong Highsun Group Co. Ltd. | 291,300 | 87 |
| | Fujian Longma Environmental Sanitation Equipment Co. Ltd. Class A | 70,880 | 86 |
| | Jiangsu Gian Tachnology Co. Ltd. | 21,300 | 85 |
| | Guangzhou Shangpin Home Collection Co. Ltd. Class A | 32,700 | 82 |
| | Beken Corp. Class A | 22,300 | 80 |
| * | Ronshine China Holdings Ltd. | 1,370,500 | 76 |
| | Beijing Forever Technology Co. Ltd. | 57,500 | 73 |
| * | Chongqing Iron & Steel Co. Ltd. Class H | 903,500 | 70 |
| | Merit Interactive Co. Ltd. | 45,100 | 64 |
| | COFCO Capital Holdings Co. Ltd. Class A (XSHE) | 74,500 | 60 |
| | China Fangda Group Co. Ltd. Class B | 215,079 | 59 |
| *,3 | Colour Life Services Group Co. Ltd. | 748,370 | 59 |
| *,1,3 | China Fishery Group Ltd. | 1,088,512 | 58 |
| * | Shenzhen Click Technology Co. Ltd. | 42,100 | 55 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class H | 158,000 | 53 |
| * | Genetron Holdings Ltd. ADR | 46,138 | 38 |
| *,3 | Fantasia Holdings Group Co. Ltd. | 1,143,000 | 29 |
| | Beijing North Star Co. Ltd. Class A | 101,400 | 25 |
| | Beken Corp. | 5,400 | 19 |
| | Chongqing Zaisheng Technology Corp. Ltd. Class A (XSSC) | 13,720 | 10 |
| | Times Neighborhood Holdings Ltd. | 50,044 | 2 |
| | Eastern Communications Co. Ltd. Class B | 50 | — |
| *,1,3 | Midas Holdings Ltd. | 2,619,447 | — |
| *,3 | China High Precision Automation Group Ltd. | 401,000 | — |
| *,3 | Real Gold Mining Ltd. | 239,476 | — |
| * | Yuzhou Group Holdings Co. Ltd. | 391 | — |
| *,3 | China Animal Healthcare Ltd. | 1,003,918 | — |
| | | | 414,509 |
| Colombia (0.0%) |
| | Banco Davivienda SA Preference Shares | 372,349 | 1,960 |
| | | Shares | Market
Value•
($000) |
| Denmark (1.5%) |
| * | ISS A/S | 668,617 | 12,279 |
| | Ringkjoebing Landbobank A/S | 100,217 | 10,900 |
| * | Jyske Bank A/S (Registered) | 199,128 | 10,747 |
| *,1 | Bavarian Nordic A/S | 256,552 | 8,163 |
| * | ALK-Abello A/S | 472,643 | 7,815 |
| * | NKT A/S | 156,306 | 7,801 |
| | Topdanmark A/S | 155,440 | 7,174 |
| | Ambu A/S Class B | 608,070 | 6,800 |
| | Sydbank A/S | 211,219 | 6,432 |
| | Chemometec A/S | 55,475 | 5,229 |
| | FLSmidth & Co. A/S | 198,992 | 4,599 |
| | D/S Norden A/S | 88,605 | 4,586 |
| * | Zealand Pharma A/S | 167,801 | 4,322 |
| *,2 | Netcompany Group A/S | 124,635 | 4,273 |
| | Alm Brand A/S | 3,101,634 | 4,239 |
| | Spar Nord Bank A/S | 307,518 | 3,723 |
| 2 | Scandinavian Tobacco Group A/S Class A | 209,594 | 3,511 |
| | Dfds A/S | 109,292 | 3,317 |
| | Schouw & Co. A/S | 46,374 | 2,942 |
| | Torm plc Class A | 105,190 | 2,814 |
| * | NTG Nordic Transport Group A/S Class A | 56,234 | 1,824 |
| * | Nilfisk Holding A/S | 93,620 | 1,742 |
| | | | 125,232 |
| Egypt (0.1%) |
| * | Egyptian Financial Group-Hermes Holding Co. | 3,866,317 | 2,141 |
| * | Fawry for Banking & Payment Technology Services SAE | 8,507,479 | 1,384 |
| | Talaat Moustafa Group | 3,748,596 | 1,282 |
| * | ElSewedy Electric Co. | 2,379,955 | 838 |
| * | Medinet Nasr Housing | 5,458,971 | 625 |
| | | | 6,270 |
| Finland (0.8%) |
| | Cargotec OYJ Class B | 180,045 | 6,772 |
| | Konecranes OYJ Class A | 263,636 | 6,633 |
| | TietoEVRY OYJ (XHEL) | 259,864 | 6,195 |
| | Nokian Renkaat OYJ | 475,166 | 5,358 |
| | Outokumpu OYJ | 1,218,447 | 4,890 |
| | Metsa Board OYJ | 613,869 | 4,618 |
| | Kemira OYJ | 326,685 | 4,314 |
| | Sanoma OYJ | 275,434 | 3,224 |
| | Revenio Group OYJ | 79,108 | 2,942 |
| *,1 | QT Group OYJ | 68,773 | 2,937 |
| | Uponor OYJ | 208,443 | 2,769 |
| | Tokmanni Group Corp. | 166,487 | 2,013 |
| | Citycon OYJ | 284,739 | 1,774 |
| 2 | Terveystalo OYJ | 278,765 | 1,724 |
| | YIT OYJ | 622,106 | 1,560 |
| | TietoEVRY OYJ | 56,975 | 1,356 |
| * | F-Secure OYJ | 359,756 | 1,018 |
| | Oriola OYJ Class B | 473,337 | 859 |
| *,1 | Finnair OYJ | 1,948,469 | 825 |
| | Raisio OYJ Class V | 374,561 | 725 |
| * | WithSecure OYJ | 359,756 | 582 |
| *,3 | Ahlstrom-Munksjo OYJ Rights | 29,401 | 518 |
| | | | 63,606 |
| France (2.6%) |
| | Gaztransport Et Technigaz SA | 111,995 | 13,029 |
| | Alten SA | 104,141 | 12,167 |
| | SPIE SA | 462,609 | 10,822 |
| | Nexans SA | 105,266 | 9,830 |
| | | Shares | Market
Value•
($000) |
| | SES SA Class A GDR | 1,384,344 | 9,819 |
| | Elis SA (XPAR) | 801,650 | 9,180 |
| | Technip Energies NV | 618,889 | 7,989 |
| | Rubis SCA | 340,753 | 7,738 |
| 2 | Verallia SA | 254,601 | 7,214 |
| | Sopra Steria Group SACA | 52,099 | 6,896 |
| | IPSOS | 139,603 | 6,758 |
| | Eutelsat Communications SA | 664,148 | 6,667 |
| * | Air France-KLM | 4,880,370 | 6,417 |
| * | Vallourec SA | 545,182 | 5,801 |
| | Imerys SA | 139,229 | 5,699 |
| | Societe BIC SA | 89,672 | 5,148 |
| | Coface SA | 371,317 | 4,134 |
| | Virbac SA | 15,654 | 3,836 |
| | Rothschild & Co. | 103,217 | 3,660 |
| | Trigano SA | 34,082 | 3,489 |
| | Nexity SA | 164,819 | 3,301 |
| *,1 | Atos SE | 332,947 | 3,249 |
| | Carmila SA | 202,030 | 2,826 |
| | Interparfums SA | 57,021 | 2,749 |
| | Metropole Television SA | 246,056 | 2,545 |
| * | ID Logistics Group | 8,991 | 2,416 |
| | Cie Plastic Omnium SA | 166,027 | 2,326 |
| | Television Francaise 1 | 362,816 | 2,303 |
| | Eramet SA | 35,141 | 2,302 |
| 1 | Lagardere SA | 130,752 | 2,286 |
| | Korian SA | 239,314 | 2,261 |
| * | Valneva SE | 329,415 | 2,228 |
| * | CGG SA | 2,455,915 | 2,086 |
| * | SES-imagotag SA | 18,019 | 2,045 |
| | Fnac Darty SA | 65,079 | 2,011 |
| | Mercialys SA | 230,287 | 1,994 |
| | Quadient SA | 137,526 | 1,935 |
| | Altarea SCA | 14,500 | 1,932 |
| | Antin Infrastructure Partners SA | 86,020 | 1,871 |
| * | Voltalia SA (Registered) | 96,482 | 1,837 |
| | Mersen SA | 52,948 | 1,713 |
| 2 | Maisons du Monde SA | 171,832 | 1,684 |
| | PEUGEOT Investment | 19,037 | 1,568 |
| | Vicat SA | 65,635 | 1,505 |
| | Beneteau SA | 134,621 | 1,492 |
| | Derichebourg SA | 329,173 | 1,437 |
| *,1 | Casino Guichard Perrachon SA | 144,581 | 1,391 |
| *,1 | Orpea SA | 163,547 | 1,326 |
| | Vetoquinol SA | 14,508 | 1,205 |
| *,1 | OVH Groupe SAS | 78,061 | 1,014 |
| *,1,2 | X-Fab Silicon Foundries SE | 190,481 | 986 |
| | Vilmorin & Cie SA | 22,234 | 985 |
| | Pharmagest Interactive | 13,692 | 962 |
| | Etablissements Maurel et Prom SA | 198,509 | 892 |
| *,2 | SMCP SA | 136,302 | 857 |
| | Manitou BF SA | 41,765 | 852 |
| *,1 | Solutions 30 SE | 355,303 | 685 |
| *,1,2 | Elior Group SA | 305,879 | 679 |
| * | GL Events | 41,305 | 642 |
| | Lisi | 31,889 | 630 |
| | Jacquet Metals SACA | 37,532 | 584 |
| | Lisi (XPAR) | 23,758 | 469 |
| * | Believe SA | 50,767 | 465 |
| | Bonduelle SCA | 39,068 | 454 |
| | Boiron SA | 8,023 | 366 |
| | Guerbet | 18,571 | 318 |
| | AKWEL | 21,631 | 314 |
| | Tarkett SA | 24,374 | 295 |
| *,1,2 | Aramis Group SAS | 60,452 | 278 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Lisi SA Prime De Fidelite | 3,729 | 74 |
| | | | 218,918 |
| Germany (2.9%) |
| | K+S AG (Registered) | 694,657 | 15,337 |
| | AIXTRON SE | 382,657 | 9,403 |
| | HUGO BOSS AG | 199,700 | 9,198 |
| | Freenet AG | 431,554 | 8,483 |
| | Aurubis AG | 126,219 | 7,964 |
| | Encavis AG | 393,398 | 7,324 |
| | Gerresheimer AG | 115,351 | 6,608 |
| * | Aareal Bank AG | 198,844 | 6,288 |
| | VERBIO Vereinigte BioEnergie AG | 73,190 | 5,765 |
| *,2 | TeamViewer AG | 591,026 | 5,676 |
| | PNE AG | 283,863 | 5,403 |
| | Krones AG | 54,923 | 5,087 |
| 2 | Befesa SA | 146,296 | 5,081 |
| | Stabilus SE | 91,620 | 5,026 |
| | Duerr AG | 178,349 | 4,714 |
| | Siltronic AG | 74,550 | 4,636 |
| | Hensoldt AG | 191,104 | 4,490 |
| * | Nordex SE | 470,587 | 4,387 |
| | ProSiebenSat.1 Media SE | 645,550 | 4,387 |
| * | Vitesco Technologies Group AG Class A | 81,755 | 4,375 |
| | Jenoptik AG | 191,211 | 4,192 |
| | Software AG | 182,097 | 3,984 |
| | Stroeer SE & Co. KGaA | 91,491 | 3,730 |
| | TAG Immobilien AG | 587,190 | 3,678 |
| | Suedzucker AG | 287,141 | 3,659 |
| | Synlab AG | 280,891 | 3,617 |
| | Grand City Properties SA | 360,562 | 3,507 |
| 2 | Deutsche Pfandbriefbank AG | 459,050 | 3,419 |
| | Pfeiffer Vacuum Technology AG | 23,728 | 3,352 |
| | CANCOM SE | 131,960 | 3,261 |
| 1 | Salzgitter AG | 140,601 | 3,142 |
| * | flatexDEGIRO AG | 336,319 | 2,939 |
| | CompuGroup Medical SE & Co. KGaA | 91,907 | 2,904 |
| * | Nagarro SE | 28,769 | 2,862 |
| | Bilfinger SE | 100,696 | 2,801 |
| 1 | S&T AG | 173,273 | 2,508 |
| | BayWa AG | 53,126 | 2,397 |
| | Dermapharm Holding SE | 62,494 | 2,376 |
| 1 | STRATEC SE | 28,139 | 2,359 |
| | KWS Saat SE & Co. KGaA | 38,915 | 2,259 |
| * | MorphoSys AG | 114,784 | 2,173 |
| | Hornbach Holding AG & Co. KGaA | 30,989 | 2,112 |
| | Kloeckner & Co. SE Preference Shares | 267,556 | 2,097 |
| *,2 | Auto1 Group SE | 309,660 | 2,083 |
| | GFT Technologies SE | 59,977 | 1,955 |
| | Norma Group SE | 118,782 | 1,883 |
| | Energiekontor AG | ��20,705 | 1,839 |
| | GRENKE AG | 88,396 | 1,803 |
| | Deutz AG | 464,229 | 1,753 |
| | Eckert & Ziegler Strahlen- und Medizintechnik AG | 41,959 | 1,659 |
| | Atoss Software AG | 13,485 | 1,642 |
| | Indus Holding AG | 82,094 | 1,620 |
| 1 | Takkt AG | 121,941 | 1,579 |
| * | Hypoport SE | 16,152 | 1,578 |
| *,1 | SMA Solar Technology AG | 32,268 | 1,561 |
| | | Shares | Market
Value•
($000) |
| | Washtec AG | 38,436 | 1,444 |
| | Wacker Neuson SE | 91,398 | 1,441 |
| 1 | Deutsche Beteiligungs AG | 52,228 | 1,324 |
| | Adesso SE | 12,901 | 1,277 |
| | PATRIZIA AG | 167,503 | 1,229 |
| | DIC Asset AG | 178,233 | 1,229 |
| | Draegerwerk AG & Co. KGaA Preference Shares | 30,405 | 1,223 |
| *,1 | SGL Carbon SE | 167,992 | 1,192 |
| 2 | Instone Real Estate Group SE | 162,268 | 1,181 |
| | Vossloh AG | 32,460 | 1,165 |
| | CropEnergies AG | 72,521 | 1,156 |
| | New Work SE | 9,217 | 1,155 |
| *,1,2 | Shop Apotheke Europe NV | 27,709 | 1,147 |
| 1 | CECONOMY AG | 672,895 | 1,095 |
| | Basler AG | 39,539 | 1,073 |
| | Wuestenrot & Wuerttembergische AG | 74,785 | 1,055 |
| | Secunet Security Networks AG | 4,696 | 1,030 |
| | Hamburger Hafen und Logistik AG | 84,704 | 992 |
| *,1 | Aareal Bank AG (XETR) | 29,220 | 953 |
| 1 | Deutsche EuroShop AG (XETR) | 32,378 | 694 |
| *,1 | About You Holding SE | 140,239 | 685 |
| * | Global Fashion Group SA | 386,807 | 651 |
| | ElringKlinger AG | 84,584 | 605 |
| *,2 | ADLER Group SA | 272,893 | 405 |
| | Kuka AG | 4,646 | 384 |
| | Bertrandt AG | 12,735 | 379 |
| | Draegerwerk AG & Co. KGaA | 9,411 | 340 |
| | | | 246,419 |
| Greece (0.0%) |
| | Hellenic Exchanges - Athens Stock Exchange SA | 256,791 | 795 |
| | Fourlis Holdings SA | 114,251 | 299 |
| | | | 1,094 |
| Hong Kong (0.7%) |
| | Pacific Basin Shipping Ltd. | 16,816,532 | 4,071 |
| | Fortune REIT | 4,774,589 | 3,048 |
| | Luk Fook Holdings International Ltd. | 1,243,399 | 2,701 |
| | HKBN Ltd. | 2,815,129 | 1,901 |
| *,2 | Sirnaomics Ltd. | 240,728 | 1,799 |
| *,1 | Theme International Holdings Ltd. | 18,678,347 | 1,783 |
| | K Wah International Holdings Ltd. | 5,800,398 | 1,624 |
| | CITIC Telecom International Holdings Ltd. | 5,390,004 | 1,593 |
| *,1 | Realord Group Holdings Ltd. | 1,332,000 | 1,563 |
| | Canvest Environmental Protection Group Co. Ltd. | 2,467,000 | 1,519 |
| | Stella International Holdings Ltd. | 1,432,500 | 1,387 |
| * | Cowell e Holdings Inc. | 1,092,000 | 1,336 |
| * | Vobile Group Ltd. | 5,530,000 | 1,318 |
| | Sunlight REIT | 4,031,072 | 1,282 |
| | LK Technology Holdings Ltd. | 1,404,475 | 1,271 |
| | | Shares | Market
Value•
($000) |
| | SUNeVision Holdings Ltd. | 2,232,000 | 1,182 |
| | Jinchuan Group International Resources Co. Ltd. | 16,988,000 | 1,125 |
| 1 | Hong Kong Technology Venture Co. Ltd. | 2,145,000 | 1,121 |
| | VSTECS Holdings Ltd. | 2,110,000 | 1,015 |
| * | Cosmopolitan International Holdings Ltd. | 6,528,000 | 998 |
| | Far East Consortium International Ltd. | 4,226,043 | 952 |
| | Value Partners Group Ltd. | 3,926,434 | 935 |
| * | Lifestyle International Holdings Ltd. | 1,520,000 | 901 |
| *,2 | Hua Medicine | 3,280,000 | 886 |
| * | IGG Inc. | 3,378,000 | 878 |
| 1 | Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 753,000 | 842 |
| | Prosperity REIT | 3,915,000 | 828 |
| | United Laboratories International Holdings Ltd. | 1,916,500 | 803 |
| | Chow Sang Sang Holdings International Ltd. | 855,565 | 789 |
| * | Esprit Holdings Ltd. (XHKG) | 9,966,350 | 774 |
| | Truly International Holdings Ltd. | 6,273,000 | 767 |
| *,1,3 | Superb Summit International | 3,957,346 | 736 |
| | Texhong Textile Group Ltd. | 1,099,500 | 708 |
| | Sun Hung Kai & Co. Ltd. | 2,025,000 | 707 |
| | Giordano International Ltd. | 4,111,735 | 676 |
| | EC Healthcare | 1,268,000 | 654 |
| * | OCI International Holdings Ltd. | 3,388,000 | 642 |
| | China Tobacco International HK Co. Ltd. | 650,000 | 626 |
| *,1 | C-Mer Eye Care Holdings Ltd. | 1,424,000 | 590 |
| | Pacific Textiles Holdings Ltd. | 1,938,000 | 578 |
| *,3 | Convoy | 26,130,000 | 556 |
| *,2 | Frontage Holdings Corp. | 2,406,000 | ��� 542 |
| *,2 | Jacobio Pharmaceuticals Group Co. Ltd. | 1,201,500 | 530 |
| | SmarTone Telecommunications Holdings Ltd. | 1,036,730 | 512 |
| | Asia Cement China Holdings Corp. | 1,403,500 | 490 |
| | Pou Sheng International Holdings Ltd. | 9,483,000 | 478 |
| *,2 | Fosun Tourism Group | 536,200 | 468 |
| *,2 | Antengene Corp. Ltd. | 1,088,500 | 463 |
| *,1 | Apollo Future Mobility Group Ltd. | 17,192,000 | 460 |
| | Dynam Japan Holdings Co. Ltd. | 722,440 | 448 |
| | CITIC Resources Holdings Ltd. | 9,572,000 | 421 |
| | Singamas Container Holdings Ltd. | 5,413,960 | 414 |
| 2 | Crystal International Group Ltd. | 1,607,000 | 410 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| * | Shun Tak Holdings Ltd. | 3,008,000 | 391 |
| * | Television Broadcasts Ltd. | 1,099,600 | 379 |
| | Vesync Co. Ltd. | 1,410,000 | 376 |
| * | Sa Sa International Holdings Ltd. | 3,414,000 | 361 |
| *,3 | Huiyuan Juice | 1,333,000 | 343 |
| * | Digital Domain Holdings Ltd. | 8,939,000 | 308 |
| | Powerlong Real Estate Holdings Ltd. | 3,765,000 | 307 |
| *,2 | Everest Medicines Ltd. | 384,500 | 303 |
| *,2 | JW Cayman Therapeutics Co. Ltd. (XHKG) | 742,000 | 265 |
| | CMBC Capital Holdings Ltd. | 1,339,021 | 263 |
| | Texwinca Holdings Ltd. | 1,954,000 | 256 |
| | Glory Sun Financial Group Ltd. | 109,700,000 | 252 |
| *,3 | National Agricultural Holdings | 1,560,000 | 237 |
| * | Chinese Estates Holdings Ltd. | 1,100,500 | 199 |
| *,1,2 | VPower Group International Holdings Ltd. | 2,648,000 | 183 |
| * | GCL New Energy Holdings Ltd. | 1,881,277 | 127 |
| 2 | IMAX China Holding Inc. | 217,300 | 125 |
| * | Macau Legend Development Ltd. | 3,712,177 | 101 |
| | Powerlong Commercial Management Holdings Ltd. | 276,000 | 85 |
| *,3 | Anxin China Holdings Ltd. | 2,621,200 | — |
| *,3 | C Fiber Optic | 2,215,200 | — |
| *,3 | Hua Han Health Industry Holdings Ltd. | 1,817,183 | — |
| *,3 | SMI Holdings Group Ltd. | 2,800,800 | — |
| *,3 | Tech Pro Tech Dev | 10,406,800 | — |
| *,3 | MH Development NPV | 1,068,000 | — |
| *,3 | CTEG | 6,439,760 | — |
| *,3 | Agritrade Resources Ltd. | 6,905,000 | — |
| *,3 | China Lumena New Materials Corp. | 98,750 | — |
| | | | 59,962 |
| Hungary (0.0%) |
| * | Opus Global Nyrt | 668,776 | 192 |
| Iceland (0.0%) |
| * | Origo HF | 424,724 | 245 |
| | Sjova-Almennar Tryggingar hf | 495,971 | 116 |
| | Vatryggingafelag Islands Hf | 866,418 | 108 |
| | | | 469 |
| India (5.7%) |
| | Crompton Greaves Consumer Electricals Ltd. | 2,182,802 | 9,558 |
| | Tata Chemicals Ltd. | 586,526 | 8,036 |
| | APL Apollo Tubes Ltd. | 562,398 | 7,345 |
| | Navin Fluorine International Ltd. | 129,121 | 7,108 |
| | Supreme Industries Ltd. | 242,614 | 6,374 |
| * | Fortis Healthcare Ltd. | 1,850,373 | 6,205 |
| | Atul Ltd. | 59,675 | 6,040 |
| | | Shares | Market
Value•
($000) |
| * | Aditya Birla Fashion and Retail Ltd. | 1,346,453 | 5,760 |
| | KPIT Technologies Ltd. | 597,376 | 5,124 |
| | Apollo Tyres Ltd. | 1,449,917 | 5,097 |
| | IIFL Finance Ltd. | 995,132 | 5,051 |
| | AIA Engineering Ltd. | 146,420 | 4,748 |
| | Phoenix Mills Ltd. | 271,747 | 4,689 |
| | Elgi Equipments Ltd. | 785,216 | 4,600 |
| | SKF India Ltd. | 86,007 | 4,575 |
| | Motherson Sumi Wiring India Ltd. | 4,242,181 | 4,467 |
| | IDFC Ltd. | 4,763,470 | 4,462 |
| | Sundram Fasteners Ltd. | 393,150 | 4,450 |
| | Grindwell Norton Ltd. | 171,729 | 4,363 |
| * | PVR Ltd. | 196,250 | 4,214 |
| | Carborundum Universal Ltd. | 402,103 | 4,117 |
| | Computer Age Management Services Ltd. | 130,163 | 4,012 |
| | Ramco Cements Ltd. | 457,258 | 3,990 |
| | Kajaria Ceramics Ltd. | 297,889 | 3,897 |
| | JK Cement Ltd. | 116,612 | 3,828 |
| | KEI Industries Ltd. | 195,931 | 3,827 |
| | Thermax Ltd. | 142,626 | 3,743 |
| | Solar Industries India Ltd. | 79,160 | 3,727 |
| | Radico Khaitan Ltd. | 286,417 | 3,611 |
| | City Union Bank Ltd. | 1,581,974 | 3,555 |
| | Pfizer Ltd. | 66,435 | 3,512 |
| | Lakshmi Machine Works Ltd. | 21,673 | 3,374 |
| | Angel One Ltd. | 172,142 | 3,335 |
| | Blue Star Ltd. | 222,650 | 3,330 |
| | Timken India Ltd. | 88,360 | 3,204 |
| 2 | Syngene International Ltd. | 408,699 | 3,118 |
| | Escorts Ltd. | 123,268 | 3,033 |
| | Redington India Ltd. | 1,834,834 | 3,031 |
| | IIFL Wealth Management Ltd. | 139,714 | 2,995 |
| | Asahi India Glass Ltd. | 396,082 | 2,952 |
| | Gujarat State Petronet Ltd. | 1,058,281 | 2,896 |
| | HFCL Ltd. | 2,893,177 | 2,895 |
| | Magma Fincorp Ltd. | 754,521 | 2,871 |
| | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 332,872 | 2,857 |
| | Manappuram Finance Ltd. | 2,231,773 | 2,840 |
| *,2 | Aster DM Healthcare Ltd. | 946,760 | 2,830 |
| | Cyient Ltd. | 311,684 | 2,824 |
| * | EIH Ltd. | 1,176,048 | 2,755 |
| | JB Chemicals & Pharmaceuticals Ltd. | 115,187 | 2,747 |
| * | Suzlon Energy Ltd. | 28,389,049 | 2,729 |
| | Deepak Fertilisers & Petrochemicals Corp. Ltd. | 233,354 | 2,726 |
| 2 | Indian Energy Exchange Ltd. | 1,605,218 | 2,715 |
| | Granules India Ltd. | 600,686 | 2,706 |
| | Amara Raja Batteries Ltd. | 435,622 | 2,701 |
| | National Aluminium Co. Ltd. | 3,182,453 | 2,698 |
| | Central Depository Services India Ltd. | 181,198 | 2,682 |
| | EID Parry India Ltd. | 353,162 | 2,644 |
| 2 | Brookfield India Real Estate Trust | 692,150 | 2,640 |
| | | Shares | Market
Value•
($000) |
| | Cholamandalam Financial Holdings Ltd. | 346,845 | 2,631 |
| | UTI Asset Management Co. Ltd. | 306,858 | 2,603 |
| | Brigade Enterprises Ltd. | 429,057 | 2,593 |
| | Ratnamani Metals & Tubes Ltd. | 103,435 | 2,577 |
| | Sonata Software Ltd. | 400,919 | 2,535 |
| * | Aptus Value Housing Finance India Ltd. | 662,710 | 2,532 |
| | Great Eastern Shipping Co. Ltd. | 374,467 | 2,519 |
| | Narayana Hrudayalaya Ltd. | 263,043 | 2,515 |
| | Happiest Minds Technologies Ltd. | 212,063 | 2,488 |
| * | Aavas Financiers Ltd. | 100,398 | 2,452 |
| | India Cements Ltd. | 832,104 | 2,426 |
| | IRB Infrastructure Developers Ltd. | 850,175 | 2,403 |
| 2 | Mindspace Business Parks REIT | 556,381 | 2,387 |
| | Chambal Fertilizers and Chemicals Ltd. | 604,804 | 2,386 |
| | Sanofi India Ltd. | 35,134 | 2,381 |
| | Hatsun Agro Product Ltd. | 202,782 | 2,347 |
| | VIP Industries Ltd. | 259,250 | 2,344 |
| | Natco Pharma Ltd. | 320,805 | 2,328 |
| | DCM Shriram Ltd. | 183,035 | 2,310 |
| | KEC International Ltd. | 433,175 | 2,305 |
| | Praj Industries Ltd. | 443,872 | 2,218 |
| | Vinati Organics Ltd. | 95,503 | 2,202 |
| | CESC Ltd. | 2,365,038 | 2,195 |
| * | Westlife Development Ltd. | 240,312 | 2,174 |
| | Sumitomo Chemical India Ltd. | 364,124 | 2,168 |
| | CRISIL Ltd. | 59,666 | 2,164 |
| | GHCL Ltd. | 273,682 | 2,139 |
| * | Affle India Ltd. | 151,517 | 2,114 |
| | Bajaj Electricals Ltd. | 148,416 | 2,096 |
| | Ajanta Pharma Ltd. | 132,949 | 2,079 |
| | Mahanagar Gas Ltd. | 199,361 | 2,076 |
| | Can Fin Homes Ltd. | 324,872 | 2,060 |
| | Blue Dart Express Ltd. | 22,367 | 2,051 |
| *,2 | Lemon Tree Hotels Ltd. | 2,006,325 | 2,045 |
| | KPR Mill Ltd. | 305,473 | 2,039 |
| | Prestige Estates Projects Ltd. | 379,938 | 2,032 |
| *,2 | Tejas Networks Ltd. | 240,194 | 1,995 |
| | Birlasoft Ltd. | 608,935 | 1,994 |
| * | Reliance Power Ltd. | 10,201,690 | 1,988 |
| | Indian Bank | 646,941 | 1,986 |
| | Fine Organic Industries Ltd. | 28,439 | 1,973 |
| | Suven Pharmaceuticals Ltd. | 407,910 | 1,965 |
| | Balaji Amines Ltd. | 53,328 | 1,949 |
| | Finolex Industries Ltd. | 1,193,931 | 1,936 |
| 2 | Eris Lifesciences Ltd. | 213,896 | 1,907 |
| | Trident Ltd. | 4,453,019 | 1,895 |
| * | Shree Renuka Sugars Ltd. | 2,876,379 | 1,880 |
| | Raymond Ltd. | 129,654 | 1,877 |
| | Tanla Platforms Ltd. | 208,364 | 1,869 |
| | Century Textiles & Industries Ltd. | 179,366 | 1,859 |
| 2 | Metropolis Healthcare Ltd. | 90,940 | 1,859 |
| | Intellect Design Arena Ltd. | 353,737 | 1,847 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Vedant Fashions Ltd. | 104,866 | 1,837 |
| * | Nuvoco Vistas Corp. Ltd. | 382,971 | 1,835 |
| | V-Guard Industries Ltd. | 592,359 | 1,834 |
| | Shriram City Union Finance Ltd. | 82,820 | 1,824 |
| * | Indiabulls Housing Finance Ltd. | 1,160,913 | 1,816 |
| * | Indiabulls Real Estate Ltd. | 1,903,794 | 1,792 |
| | Aegis Logistics Ltd. | 472,307 | 1,775 |
| 2 | Endurance Technologies Ltd. | 107,507 | 1,760 |
| | BSE Ltd. | 245,508 | 1,752 |
| * | CreditAccess Grameen Ltd. | 147,337 | 1,738 |
| *,2 | Krishna Institute of Medical Sciences Ltd. | 96,291 | 1,728 |
| | NCC Ltd. | 1,875,816 | 1,694 |
| | Jubilant Ingrevia Ltd. | 270,612 | 1,686 |
| | JK Lakshmi Cement Ltd. | 248,870 | 1,663 |
| 2 | Quess Corp. Ltd. | 248,084 | 1,657 |
| * | Amber Enterprises India Ltd. | 65,808 | 1,644 |
| | Karur Vysya Bank Ltd. | 1,306,123 | 1,644 |
| | Vardhman Textiles Ltd. | 403,335 | 1,642 |
| * | Sheela Foam Ltd. | 48,864 | 1,639 |
| 2 | IndiaMart InterMesh Ltd. | 29,459 | 1,637 |
| | Finolex Cables Ltd. | 259,394 | 1,634 |
| | Century Plyboards India Ltd. | 224,648 | 1,627 |
| | Alkyl Amines Chemicals Ltd. | 45,199 | 1,613 |
| | Balrampur Chini Mills Ltd. | 417,920 | 1,596 |
| | Poly Medicure Ltd. | 143,003 | 1,593 |
| | Mahindra CIE Automotive Ltd. | 436,232 | 1,585 |
| * | Devyani International Ltd. | 672,625 | 1,575 |
| | eClerx Services Ltd. | 98,538 | 1,573 |
| | Orient Electric Ltd. | 483,720 | 1,572 |
| 2 | ICICI Securities Ltd. | 251,481 | 1,569 |
| | TTK Prestige Ltd. | 139,252 | 1,566 |
| | GMM Pfaudler Ltd. | 68,115 | 1,520 |
| | KRBL Ltd. | 311,676 | 1,505 |
| | Clean Science & Technology Ltd. | 78,933 | 1,502 |
| | Firstsource Solutions Ltd. | 1,195,059 | 1,500 |
| | CCL Products India Ltd. | 245,917 | 1,489 |
| | Ceat Ltd. | 79,743 | 1,487 |
| | BASF India Ltd. | 42,777 | 1,484 |
| | Zydus Wellness Ltd. | 69,674 | 1,481 |
| | Route Mobile Ltd. | 92,156 | 1,461 |
| | Hitachi Energy India Ltd. | 37,941 | 1,451 |
| | Jubilant Pharmova Ltd. Class A (XNSE) | 326,896 | 1,449 |
| * | Inox Leisure Ltd. | 229,149 | 1,422 |
| | Mastek Ltd. | 69,434 | 1,418 |
| | Brightcom Group Ltd. | 3,511,388 | 1,404 |
| | Rain Industries Ltd. | 690,916 | 1,400 |
| | Sobha Ltd. | 183,154 | 1,390 |
| | KNR Constructions Ltd. | 505,788 | 1,363 |
| | Edelweiss Financial Services Ltd. | 1,896,655 | 1,327 |
| | Saregama India Ltd. | 292,768 | 1,326 |
| * | Borosil Renewables Ltd. | 193,834 | 1,321 |
| | | Shares | Market
Value•
($000) |
| | Sterlite Technologies Ltd. | 662,370 | 1,318 |
| | Motilal Oswal Financial Services Ltd. | 157,928 | 1,308 |
| | Mahindra Lifespace Developers Ltd. | 263,996 | 1,281 |
| | Welspun Corp. Ltd. | 466,970 | 1,254 |
| 2 | Godrej Agrovet Ltd. | 200,569 | 1,214 |
| | PNC Infratech Ltd. | 387,455 | 1,209 |
| * | Chemplast Sanmar Ltd. | 263,220 | 1,193 |
| * | TeamLease Services Ltd. | 33,603 | 1,181 |
| | Procter & Gamble Health Ltd. | 23,886 | 1,164 |
| | Garware Technical Fibres Ltd. | 27,049 | 1,145 |
| *,2 | PNB Housing Finance Ltd. | 212,718 | 1,132 |
| * | Dhani Services Ltd. | 1,626,689 | 1,123 |
| | Galaxy Surfactants Ltd. | 31,921 | 1,122 |
| | Gateway Rail Freight Ltd. | 1,277,088 | 1,121 |
| | Zensar Technologies Ltd. | 414,440 | 1,120 |
| | V-Mart Retail Ltd. | 30,514 | 1,110 |
| | Alembic Pharmaceuticals Ltd. | 165,828 | 1,103 |
| | NIIT Ltd. | 323,111 | 1,090 |
| | Birla Corp. Ltd. | 97,439 | 1,087 |
| | Polyplex Corp. Ltd. | 52,756 | 1,072 |
| | Avanti Feeds Ltd. | 198,001 | 1,057 |
| | Infibeam Avenues Ltd. (XNSE) | 4,938,700 | 1,056 |
| | NOCIL Ltd. | 351,553 | 1,031 |
| * | Strides Pharma Science Ltd. | 275,162 | 1,030 |
| | Vaibhav Global Ltd. | 241,167 | 1,027 |
| | Welspun India Ltd. | 1,077,399 | 1,021 |
| | Graphite India Ltd. | 232,645 | 992 |
| | NBCC India Ltd. | 2,476,755 | 972 |
| * | Sun Pharma Advanced Research Co. Ltd. | 307,238 | 958 |
| | Akzo Nobel India Ltd. | 37,141 | 958 |
| | Bombay Burmah Trading Co. | 89,267 | 942 |
| | JM Financial Ltd. | 1,120,275 | 927 |
| | EPL Ltd. | 489,537 | 910 |
| * | Medplus Health Services Ltd. | 125,652 | 900 |
| * | Alok Industries Ltd. | 4,759,279 | 893 |
| | Vakrangee Ltd. | 2,270,405 | 864 |
| | Engineers India Ltd. | 1,005,533 | 853 |
| | Multi Commodity Exchange of India Ltd. | 45,555 | 846 |
| | Gujarat Pipavav Port Ltd. | 807,038 | 837 |
| | Rallis India Ltd. | 300,266 | 822 |
| 2 | New India Assurance Co. Ltd. | 728,929 | 783 |
| * | Restaurant Brands Asia Ltd. | 529,491 | 778 |
| | AstraZeneca Pharma India Ltd. | 18,922 | 754 |
| | PTC India Ltd. | 844,724 | 736 |
| | Bajaj Consumer Care Ltd. | 358,931 | 691 |
| * | Equitas Holdings Ltd. | 557,914 | 681 |
| | HEG Ltd. | 53,181 | 679 |
| | Kaveri Seed Co. Ltd. | 111,117 | 653 |
| | Karnataka Bank Ltd. | 551,807 | 644 |
| * | TV18 Broadcast Ltd. | 1,507,082 | 637 |
| | DCB Bank Ltd. | 433,216 | 565 |
| | | Shares | Market
Value•
($000) |
| * | Hindustan Construction Co. Ltd. | 3,291,280 | 561 |
| | Care Ratings Ltd. | 90,646 | 536 |
| * | Just Dial Ltd. | 69,658 | 530 |
| 2 | Dilip Buildcon Ltd. | 199,935 | 521 |
| * | South Indian Bank Ltd. | 2,920,192 | 484 |
| | Symphony Ltd. | 47,028 | 476 |
| * | Wockhardt Ltd. | 144,380 | 408 |
| | WABCO India Ltd. | 3,113 | 385 |
| * | IFCI Ltd. | 2,973,486 | 367 |
| | Jindal Saw Ltd. | 330,453 | 311 |
| *,3 | Chennai Super Kings Cricket | 176,674 | — |
| | | | 481,129 |
| Indonesia (0.7%) |
| | Indo Tambangraya Megah Tbk PT | 1,443,500 | 4,158 |
| | Aneka Tambang Tbk | 30,929,919 | 3,661 |
| | Mitra Keluarga Karyasehat Tbk PT | 20,455,400 | 3,623 |
| | Medikaloka Hermina Tbk PT | 37,187,800 | 3,554 |
| | Ciputra Development Tbk PT | 52,510,055 | 3,164 |
| | AKR Corporindo Tbk PT | 30,270,715 | 3,030 |
| | Medco Energi Internasional Tbk PT | 34,337,588 | 2,547 |
| | Panin Financial Tbk PT | 59,166,900 | 2,410 |
| | Pabrik Kertas Tjiwi Kimia Tbk PT | 4,738,100 | 2,374 |
| | Pakuwon Jati Tbk PT | 80,100,834 | 2,251 |
| | Matahari Department Store Tbk PT | 7,452,100 | 2,231 |
| | Japfa Comfeed Indonesia Tbk PT | 24,221,700 | 2,152 |
| | Bank Pan Indonesia Tbk PT | 13,864,800 | 2,136 |
| * | Waskita Karya Persero Tbk PT | 66,939,881 | 2,065 |
| | BFI Finance Indonesia Tbk PT | 28,237,800 | 2,004 |
| * | Mitra Adiperkasa Tbk PT | 25,889,700 | 2,002 |
| | Summarecon Agung Tbk PT | 50,481,147 | 1,916 |
| | Bank BTPN Syariah Tbk PT | 8,910,000 | 1,686 |
| * | Bank Neo Commerce Tbk PT | 27,104,300 | 1,547 |
| | Bank Tabungan Negara Persero Tbk PT | 13,010,370 | 1,290 |
| * | Lippo Karawaci Tbk PT | 167,559,777 | 1,074 |
| | Ace Hardware Indonesia Tbk PT | 26,826,600 | 971 |
| * | Bank Bukopin Tbk PT (XIDX) | 100,894,900 | 876 |
| | Industri Jamu Dan Farmasi Sido Muncul Tbk PT | 18,106,000 | 859 |
| | Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 9,641,099 | 850 |
| | Timah Tbk PT | 9,609,420 | 836 |
| | Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 10,236,729 | 742 |
| * | Bank Rakyat Indonesia Agroniaga Tbk PT | 15,305,254 | 585 |
| * | Wijaya Karya Persero Tbk PT | 9,367,333 | 547 |
| * | Global Mediacom Tbk PT | 27,752,606 | 533 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| * | Alam Sutera Realty Tbk PT | 32,765,991 | 365 |
| * | PP Persero Tbk PT | 6,454,800 | 364 |
| *,3 | Trada Alam Minera Tbk PT | 95,405,707 | 306 |
| | Ramayana Lestari Sentosa Tbk PT | 7,703,600 | 284 |
| * | Krakatau Steel Persero Tbk PT | 11,448,250 | 276 |
| * | Surya Semesta Internusa Tbk PT | 11,419,400 | 237 |
| * | Adhi Karya Persero Tbk PT | 4,781,800 | 170 |
| * | Adhi Karya Persero Tbk PT Rights Exp. 11/8/22 | 9,459,945 | 2 |
| | | | 59,678 |
| Ireland (0.0%) |
| * | Dalata Hotel Group plc | 817,116 | 2,621 |
| Israel (0.7%) |
| * | Clal Insurance Enterprises Holdings Ltd. | 233,076 | 4,022 |
| | REIT 1 Ltd. | 652,277 | 3,422 |
| | FIBI Holdings Ltd. | 71,456 | 3,369 |
| * | Perion Network Ltd. | 143,608 | 3,294 |
| * | Partner Communications Co. Ltd. | 392,079 | 2,956 |
| | Hilan Ltd. | 50,049 | 2,621 |
| | Formula Systems 1985 Ltd. | 31,541 | 2,560 |
| | Matrix IT Ltd. | 117,537 | 2,536 |
| | Delek Automotive Systems Ltd. | 183,824 | 2,367 |
| | Mega Or Holdings Ltd. | 73,400 | 2,134 |
| * | Camtek Ltd. | 93,039 | 2,099 |
| | Oil Refineries Ltd. | 5,553,431 | 2,068 |
| | AudioCodes Ltd. | 101,133 | 2,059 |
| | One Software Technologies Ltd. | 147,881 | 2,047 |
| * | Equital Ltd. | 65,292 | 2,013 |
| | Isracard Ltd. | 678,916 | 2,007 |
| | Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 27,949 | 1,938 |
| | Summit Real Estate Holdings Ltd. | 138,486 | 1,930 |
| | Sella Capital Real Estate Ltd. | 739,204 | 1,901 |
| | Danel Adir Yeoshua Ltd. | 15,919 | 1,845 |
| * | Menora Mivtachim Holdings Ltd. | 83,165 | 1,695 |
| * | Cellcom Israel Ltd. | 322,883 | 1,616 |
| | Delta Galil Industries Ltd. | 33,474 | 1,516 |
| | Migdal Insurance & Financial Holdings Ltd. | 1,142,063 | 1,370 |
| | Israel Canada T.R Ltd. | 469,766 | 1,354 |
| | G City Ltd. | 241,614 | 780 |
| | Naphtha Israel Petroleum Corp. Ltd. | 105,239 | 548 |
| | IDI Insurance Co. Ltd. | 20,372 | 542 |
| * | Allot Ltd. | 130,770 | 514 |
| * | Gilat Satellite Networks Ltd. | 82,686 | 496 |
| * | Kamada Ltd. | 81,400 | 372 |
| * | Compugen Ltd. | 291,314 | 262 |
| * | Allot Ltd. (XNGS) | 1,781 | 7 |
| | | | 60,260 |
| | | Shares | Market
Value•
($000) |
| Italy (1.8%) |
| | Banco BPM SpA | 4,953,071 | 14,986 |
| | Unipol Gruppo SpA | 1,731,045 | 7,450 |
| | BPER Banca | 4,019,391 | 7,437 |
| | ERG SpA | 234,453 | 7,354 |
| | Brunello Cucinelli SpA | 125,155 | 7,255 |
| | Banca Generali SpA | 210,399 | 6,290 |
| | Azimut Holding SpA | 380,134 | 6,121 |
| | Brembo SpA | 543,411 | 5,681 |
| | Banca Popolare di Sondrio SpA | 1,417,506 | 5,085 |
| 2 | BFF Bank SpA | 659,363 | 4,652 |
| * | Autogrill SpA | 685,927 | 4,288 |
| * | Iveco Group NV | 747,500 | 4,039 |
| | Salvatore Ferragamo SpA | 252,720 | 3,715 |
| 2 | Enav SpA | 926,755 | 3,584 |
| 2 | Carel Industries SpA | 162,908 | 3,548 |
| | Iren SpA | 2,326,804 | 3,458 |
| 2 | Technogym SpA | 464,094 | 3,191 |
| | Sesa SpA | 25,808 | 2,795 |
| 2 | Anima Holding SpA | 886,126 | 2,745 |
| | Tamburi Investment Partners SpA | 361,281 | 2,540 |
| * | Saras SpA | 2,063,640 | 2,494 |
| | SOL SpA | 132,724 | 2,387 |
| | ACEA SpA | 176,588 | 2,225 |
| | El.En. SpA | 178,722 | 2,186 |
| | Danieli & C Officine Meccaniche SpA Savings Shares | 158,056 | 2,171 |
| | Credito Emiliano SpA | 284,709 | 1,688 |
| *,1 | Banca Monte dei Paschi di Siena SpA | 890,853 | 1,681 |
| 1 | Maire Tecnimont SpA | 540,456 | 1,677 |
| 2 | RAI Way SpA | 335,957 | 1,609 |
| | Piaggio & C SpA | 613,042 | 1,575 |
| | Sanlorenzo SpA | 47,437 | 1,522 |
| | Gruppo MutuiOnline SpA | 65,065 | 1,439 |
| | Zignago Vetro SpA | 112,909 | 1,422 |
| 1 | Webuild SpA (MTAA) | 1,022,504 | 1,391 |
| | Italmobiliare SpA | 51,223 | 1,309 |
| * | Intercos SpA | 130,088 | 1,294 |
| | Tinexta SpA | 63,195 | 1,272 |
| *,2 | GVS SpA | 244,320 | 1,253 |
| 2 | doValue SpA | 212,632 | 1,225 |
| | MARR SpA | 110,972 | 1,169 |
| | Banca IFIS SpA | 96,171 | 1,136 |
| * | CIR SpA-Compagnie Industriali | 2,392,330 | 1,010 |
| | MFE-MediaForEurope NV Class A | 2,601,639 | 913 |
| *,1 | Tod's SpA | 29,103 | 908 |
| | Alerion Cleanpower SpA | 25,220 | 897 |
| *,1 | Fincantieri SpA | 1,621,514 | 824 |
| | Cementir Holding NV | 138,880 | 808 |
| | Immobiliare Grande Distribuzione SIIQ SpA | 246,001 | 709 |
| | Salcef SpA | 42,722 | 670 |
| 1 | Danieli & C Officine Meccaniche SpA | 31,595 | 645 |
| | MFE-MediaForEurope NV Class B | 1,275,810 | 637 |
| *,1 | Juventus Football Club SpA | 2,064,973 | 564 |
| | Arnoldo Mondadori Editore SpA | 333,938 | 563 |
| | Datalogic SpA | 52,135 | 397 |
| | Biesse SpA | 19,286 | 232 |
| | | Shares | Market
Value•
($000) |
| | Rizzoli Corriere Della Sera Mediagroup SpA | 311,758 | 209 |
| *,1 | Webuild SpA | 104,185 | 25 |
| | | | 150,350 |
| Japan (13.5%) |
| | Fujitec Co. Ltd. | 293,984 | 5,840 |
| | Fujikura Ltd. | 971,700 | 5,753 |
| | Nippon Gas Co. Ltd. | 387,700 | 5,632 |
| | Invincible Investment Corp. | 17,271 | 5,422 |
| | Hulic REIT Inc. | 4,532 | 5,309 |
| | Kenedix Residential Next Investment Corp. | 3,598 | 5,275 |
| | ADEKA Corp. | 348,855 | 5,216 |
| | Daiseki Co. Ltd. | 160,144 | 4,948 |
| | Pilot Corp. | 125,700 | 4,887 |
| | Comforia Residential REIT Inc. | 2,277 | 4,834 |
| | Tokyu REIT Inc. | 3,306 | 4,709 |
| | Meitec Corp. | 276,038 | 4,650 |
| | Mitsubishi Estate Logistics REIT Investment Corp. | 1,571 | 4,650 |
| | NTT UD REIT Investment Corp. | 4,711 | 4,615 |
| | Daiwabo Holdings Co. Ltd. | 345,080 | 4,453 |
| | Kureha Corp. | 67,802 | 4,354 |
| | Fuji Corp. | 321,788 | 4,249 |
| | Hoshino Resorts REIT Inc. | 890 | 4,224 |
| | Topcon Corp. | 380,600 | 4,163 |
| | Fuji Soft Inc. | 74,374 | 4,046 |
| | NSD Co. Ltd. | 235,768 | 4,029 |
| | Dexerials Corp. | 172,500 | 4,018 |
| | Jafco Co. Ltd. | 261,500 | 4,012 |
| | Gunma Bank Ltd. | 1,463,200 | 3,991 |
| | Tokyo Seimitsu Co. Ltd. | 131,434 | 3,953 |
| | Japan Excellent Inc. | 4,264 | 3,943 |
| | Inaba Denki Sangyo Co. Ltd. | 203,400 | 3,797 |
| | Sakata Seed Corp. | 113,656 | 3,746 |
| | NIPPON REIT Investment Corp. | 1,509 | 3,725 |
| | Citizen Watch Co. Ltd. | 880,000 | 3,696 |
| | Asahi Holdings Inc. | 283,300 | 3,613 |
| | Kenedix Retail REIT Corp. | 2,010 | 3,613 |
| | Kyoritsu Maintenance Co. Ltd. | 87,400 | 3,601 |
| | Maruwa Co. Ltd. | 29,600 | 3,478 |
| | Hitachi Zosen Corp. | 602,110 | 3,471 |
| | Nisshinbo Holdings Inc. | 499,100 | 3,460 |
| 1 | Hazama Ando Corp. | 594,279 | 3,444 |
| | Mori Trust Sogo REIT Inc. | 3,439 | 3,432 |
| 1 | Central Glass Co. Ltd. | 144,113 | 3,403 |
| | Yoshinoya Holdings Co. Ltd. | 216,420 | 3,401 |
| | Nippon Suisan Kaisha Ltd. | 946,422 | 3,371 |
| | Toagosei Co. Ltd. | 432,892 | 3,326 |
| | Hanwa Co. Ltd. | 136,483 | 3,301 |
| | Heiwa Real Estate REIT Inc. | 3,181 | 3,298 |
| | Round One Corp. | 763,200 | 3,247 |
| | Macnica Fuji Electronics Holdings Inc. | 161,713 | 3,234 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Japan Elevator Service Holdings Co. Ltd. | 272,000 | 3,208 |
| | Mizuho Leasing Co. Ltd. | 145,001 | 3,159 |
| | 77 Bank Ltd. | 260,300 | 3,154 |
| | Heiwa Real Estate Co. Ltd. | 113,642 | 3,151 |
| | Milbon Co. Ltd. | 76,220 | 3,143 |
| | DTS Corp. | 131,542 | 3,127 |
| | Toei Co. Ltd. | 25,164 | 3,091 |
| | Paramount Bed Holdings Co. Ltd. | 173,500 | 3,089 |
| | Digital Garage Inc. | 128,900 | 3,086 |
| | Tokuyama Corp. | 262,300 | 3,059 |
| | Nichias Corp. | 196,969 | 3,039 |
| 1 | Colowide Co. Ltd. | 246,600 | 3,026 |
| | Outsourcing Inc. | 387,400 | 3,018 |
| | Wacoal Holdings Corp. | 186,400 | 3,001 |
| | Systena Corp. | 1,065,100 | 2,985 |
| | Shoei Co. Ltd. | 80,900 | 2,983 |
| 1 | Toridoll Holdings Corp. | 153,200 | 2,979 |
| | Nikkon Holdings Co. Ltd. | 189,548 | 2,961 |
| | Fukuoka REIT Corp. | 2,498 | 2,916 |
| | Shiga Bank Ltd. | 171,900 | 2,910 |
| | Glory Ltd. | 188,500 | 2,906 |
| | Japan Petroleum Exploration Co. Ltd. | 111,700 | 2,902 |
| | CKD Corp. | 234,900 | 2,881 |
| | Kanematsu Corp. | 288,800 | 2,857 |
| | Mirait Holdings Corp. | 296,871 | 2,853 |
| | Fujimi Inc. | 68,147 | 2,845 |
| | DCM Holdings Co. Ltd. | 363,588 | 2,833 |
| | Toho Holdings Co. Ltd. | 207,918 | 2,828 |
| | Senko Group Holdings Co. Ltd. | 422,200 | 2,820 |
| | TOKAI Holdings Corp. | 470,700 | 2,811 |
| | Japan Material Co. Ltd. | 213,400 | 2,810 |
| | Hokuhoku Financial Group Inc. | 459,000 | 2,758 |
| | Duskin Co. Ltd. | 142,860 | 2,739 |
| | Nishi-Nippon Financial Holdings Inc. | 532,500 | 2,716 |
| | CRE Logistics REIT Inc. | 1,966 | 2,705 |
| | Tomy Co. Ltd. | 307,217 | 2,698 |
| | Nippon Soda Co. Ltd. | 90,225 | 2,692 |
| | Aiful Corp. | 984,500 | 2,681 |
| | Sanken Electric Co. Ltd. | 77,629 | 2,659 |
| | Sumitomo Osaka Cement Co. Ltd. | 124,600 | 2,653 |
| | NTN Corp. | 1,486,100 | 2,645 |
| * | Sansan Inc. | 266,600 | 2,644 |
| 1 | Hokuetsu Corp. | 507,021 | 2,630 |
| | Joyful Honda Co. Ltd. | 214,748 | 2,618 |
| | Kumagai Gumi Co. Ltd. | 152,980 | 2,586 |
| | Daishi Hokuetsu Financial Group Inc. | 145,700 | 2,573 |
| | Juroku Financial Group Inc. | 151,700 | 2,549 |
| | Infomart Corp. | 780,400 | 2,525 |
| | BeNext-Yumeshin Group Co. | 208,992 | 2,520 |
| | Nextage Co. Ltd. | 130,600 | 2,517 |
| | Global One Real Estate Investment Corp. | 3,257 | 2,514 |
| | H2O Retailing Corp. | 296,600 | 2,496 |
| | Takasago Thermal Engineering Co. Ltd. | 205,089 | 2,495 |
| | Tokyo Steel Manufacturing Co. Ltd. | 289,900 | 2,489 |
| | KH Neochem Co. Ltd. | 145,600 | 2,485 |
| | | Shares | Market
Value•
($000) |
| 1 | Create Restaurants Holdings Inc. | 393,440 | 2,484 |
| | San-In Godo Bank Ltd. | 521,100 | 2,482 |
| | Monex Group Inc. | 711,487 | 2,472 |
| | Hokkoku Financial Holdings Inc. | 80,951 | 2,472 |
| | Nishimatsu Construction Co. Ltd. | 101,062 | 2,461 |
| | TKC Corp. | 96,298 | 2,458 |
| | Tadano Ltd. | 401,900 | 2,457 |
| | Inabata & Co. Ltd. | 146,800 | 2,425 |
| | Okumura Corp. | 128,252 | 2,425 |
| | Funai Soken Holdings Inc. | 135,950 | 2,423 |
| | Mixi Inc. | 154,400 | 2,421 |
| | Iriso Electronics Co. Ltd. | 83,200 | 2,410 |
| | Sumitomo Warehouse Co. Ltd. | 177,155 | 2,404 |
| | EDION Corp. | 302,575 | 2,402 |
| | Royal Holdings Co. Ltd. | 149,300 | 2,388 |
| 1 | Takuma Co. Ltd. | 286,500 | 2,379 |
| | Transcosmos Inc. | 102,596 | 2,359 |
| | Musashi Seimitsu Industry Co. Ltd. | 203,430 | 2,348 |
| | Tsubakimoto Chain Co. | 108,564 | 2,324 |
| | Makino Milling Machine Co. Ltd. | 74,380 | 2,298 |
| *,1 | W-Scope Corp. | 177,600 | 2,295 |
| | Hankyu Hanshin REIT Inc. | 2,208 | 2,292 |
| | Takeuchi Manufacturing Co. Ltd. | 113,300 | 2,285 |
| | Okamura Corp. | 246,547 | 2,270 |
| | Star Asia Investment Corp. | 5,944 | 2,269 |
| | Kumiai Chemical Industry Co. Ltd. | 344,350 | 2,263 |
| | Ichigo Office REIT Investment Corp. | 4,005 | 2,262 |
| | Taikisha Ltd. | 95,388 | 2,251 |
| | Jaccs Co. Ltd. | 92,300 | 2,238 |
| | Seiren Co. Ltd. | 142,300 | 2,229 |
| | Nisshin Oillio Group Ltd. | 103,052 | 2,210 |
| | SOSiLA Logistics REIT Inc. | 2,291 | 2,196 |
| | Toyobo Co. Ltd. | 313,600 | 2,191 |
| | Earth Corp. | 63,243 | 2,189 |
| * | Atom Corp. | 409,857 | 2,177 |
| | Nichiha Corp. | 114,900 | 2,176 |
| | Seiko Holdings Corp. | 100,558 | 2,130 |
| | Autobacs Seven Co. Ltd. | 222,600 | 2,117 |
| | Hosiden Corp. | 200,467 | 2,114 |
| | Wacom Co. Ltd. | 486,536 | 2,111 |
| | KYORIN Holdings Inc. | 170,500 | 2,110 |
| | Nippon Light Metal Holdings Co. Ltd. | 216,496 | 2,110 |
| | eGuarantee Inc. | 130,400 | 2,106 |
| | Nojima Corp. | 251,800 | 2,097 |
| | Hokuriku Electric Power Co. | 625,200 | 2,093 |
| | Nichicon Corp. | 221,683 | 2,087 |
| | eRex Co. Ltd. | 123,300 | 2,087 |
| | Dip Corp. | 74,500 | 2,086 |
| | Sumitomo Mitsui Construction Co. Ltd. | 709,046 | 2,083 |
| | Max Co. Ltd. | 146,100 | 2,082 |
| | Nippn Corp. | 195,829 | 2,061 |
| | Create SD Holdings Co. Ltd. | 96,518 | 2,056 |
| | | Shares | Market
Value•
($000) |
| | Fukuyama Transporting Co. Ltd. | 93,200 | 2,033 |
| | ZERIA Pharmaceutical Co. Ltd. | 136,340 | 2,031 |
| | Nippon Paper Industries Co. Ltd. | 347,000 | 2,020 |
| | Hogy Medical Co. Ltd. | 91,022 | 2,019 |
| | Ohsho Food Service Corp. | 47,274 | 2,016 |
| | Raito Kogyo Co. Ltd. | 147,300 | 2,009 |
| | en japan Inc. | 115,600 | 2,008 |
| | Kiyo Bank Ltd. | 208,110 | 2,004 |
| | Sanki Engineering Co. Ltd. | 184,467 | 1,997 |
| | Mirai Corp. | 6,200 | 1,997 |
| | Kato Sangyo Co. Ltd. | 85,400 | 1,996 |
| | Taiyo Holdings Co. Ltd. | 112,700 | 1,988 |
| | Kissei Pharmaceutical Co. Ltd. | 112,400 | 1,985 |
| | Komeri Co. Ltd. | 113,800 | 1,985 |
| | Hokkaido Electric Power Co. Inc. | 651,000 | 1,981 |
| | Nihon Parkerizing Co. Ltd. | 304,661 | 1,981 |
| | Trusco Nakayama Corp. | 147,600 | 1,977 |
| *,1 | HIS Co. Ltd. | 142,400 | 1,973 |
| | Totetsu Kogyo Co. Ltd. | 118,700 | 1,971 |
| *,1 | euglena Co. Ltd. | 329,100 | 1,970 |
| | KOMEDA Holdings Co. Ltd. | 117,600 | 1,964 |
| | Itochu Advance Logistics Investment Corp. | 2,004 | 1,960 |
| | San-A Co. Ltd. | 66,944 | 1,953 |
| | Maruha Nichiro Corp. | 125,900 | 1,941 |
| | Sangetsu Corp. | 182,520 | 1,933 |
| | Zojirushi Corp. | 191,700 | 1,933 |
| | MOS Food Services Inc. | 89,858 | 1,906 |
| *,1 | Raksul Inc. | 96,600 | 1,900 |
| | Tokai Rika Co. Ltd. | 181,700 | 1,896 |
| | Nomura Co. Ltd. | 259,500 | 1,895 |
| | Mitsubishi Pencil Co. Ltd. | 194,600 | 1,894 |
| | Idec Corp. | 88,400 | 1,893 |
| | Mochida Pharmaceutical Co. Ltd. | 82,000 | 1,888 |
| | Japan Securities Finance Co. Ltd. | 311,941 | 1,869 |
| | Kohnan Shoji Co. Ltd. | 89,200 | 1,868 |
| | UT Group Co. Ltd. | 114,500 | 1,866 |
| | Ichibanya Co. Ltd. | 60,268 | 1,860 |
| | Nippon Steel Trading Corp. | 54,049 | 1,860 |
| | Aichi Financial Group Inc. | 144,834 | 1,851 |
| | Kaga Electronics Co. Ltd. | 62,400 | 1,849 |
| | Strike Co. Ltd. | 58,914 | 1,816 |
| | Suruga Bank Ltd. | 683,400 | 1,810 |
| | Showa Sangyo Co. Ltd. | 105,800 | 1,798 |
| | Topre Corp. | 226,200 | 1,789 |
| | Meidensha Corp. | 134,187 | 1,785 |
| | Shibuya Corp. | 102,200 | 1,764 |
| 1 | Toho Titanium Co. Ltd. | 117,000 | 1,763 |
| | Chudenko Corp. | 127,600 | 1,761 |
| | Nagawa Co. Ltd. | 35,200 | 1,757 |
| | Simplex Holdings Inc. | 110,200 | 1,757 |
| | Nikkiso Co. Ltd. | 262,161 | 1,747 |
| | Toyo Ink SC Holdings Co. Ltd. | 135,554 | 1,745 |
| | Kameda Seika Co. Ltd. | 56,200 | 1,737 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Rorze Corp. | 34,500 | 1,734 |
| | C Uyemura & Co. Ltd. | 37,900 | 1,733 |
| | Fuso Chemical Co. Ltd. | 76,700 | 1,732 |
| | Senshu Ikeda Holdings Inc. | 1,202,200 | 1,723 |
| | Nippon Densetsu Kogyo Co. Ltd. | 153,903 | 1,722 |
| 1 | OSAKA Titanium Technologies Co. Ltd. | 71,800 | 1,718 |
| 1 | Oki Electric Industry Co. Ltd. | 346,106 | 1,716 |
| | Saizeriya Co. Ltd. | 91,721 | 1,711 |
| | United Super Markets Holdings Inc. | 242,650 | 1,709 |
| 1 | Change Inc. | 127,900 | 1,708 |
| | Nitto Boseki Co. Ltd. | 114,811 | 1,702 |
| | Arcs Co. Ltd. | 127,600 | 1,701 |
| | Starts Corp. Inc. | 96,215 | 1,699 |
| | Tokyotokeiba Co. Ltd. | 60,900 | 1,696 |
| | Noritake Co. Ltd. | 60,800 | 1,688 |
| | Hyakugo Bank Ltd. | 762,400 | 1,688 |
| | Daihen Corp. | 65,351 | 1,685 |
| | Osaka Soda Co. Ltd. | 69,100 | 1,679 |
| | BML Inc. | 74,200 | 1,677 |
| | Organo Corp. | 97,200 | 1,677 |
| | T Hasegawa Co. Ltd. | 78,600 | 1,672 |
| | Daiho Corp. | 58,900 | 1,670 |
| | Tokai Tokyo Financial Holdings Inc. | 725,900 | 1,664 |
| | Megmilk Snow Brand Co. Ltd. | 152,600 | 1,662 |
| | Riken Keiki Co. Ltd. | 60,400 | 1,661 |
| | Financial Products Group Co. Ltd. | 212,500 | 1,661 |
| | Aeon Delight Co. Ltd. | 83,000 | 1,659 |
| | Mitsui-Soko Holdings Co. Ltd. | 79,452 | 1,656 |
| | Shinmaywa Industries Ltd. | 242,568 | 1,654 |
| | SAMTY Co. Ltd. | 103,400 | 1,634 |
| | Ai Holdings Corp. | 109,900 | 1,627 |
| 1 | Aruhi Corp. | 172,926 | 1,625 |
| | Yodogawa Steel Works Ltd. | 99,733 | 1,621 |
| | Optex Group Co. Ltd. | 117,600 | 1,619 |
| | Ichigo Inc. | 717,600 | 1,615 |
| | Nitto Kogyo Corp. | 97,488 | 1,613 |
| | Base Co. Ltd. | 56,200 | 1,613 |
| | Digital Arts Inc. | 38,300 | 1,610 |
| * | Leopalace21 Corp. | 842,400 | 1,603 |
| 1 | JINS Holdings Inc. | 53,200 | 1,600 |
| | Japan Wool Textile Co. Ltd. | 237,989 | 1,595 |
| | Morita Holdings Corp. | 185,766 | 1,593 |
| | Fuji Seal International Inc. | 135,900 | 1,592 |
| | Nachi-Fujikoshi Corp. | 60,651 | 1,589 |
| | Toyo Construction Co. Ltd. | 262,900 | 1,589 |
| | Mitsuboshi Belting Ltd. | 74,400 | 1,583 |
| | Awa Bank Ltd. | 124,900 | 1,570 |
| | Towa Pharmaceutical Co. Ltd. | 103,982 | 1,565 |
| | One REIT Inc. | 935 | 1,558 |
| | SKY Perfect JSAT Holdings Inc. | 442,900 | 1,551 |
| | Nagaileben Co. Ltd. | 112,400 | 1,543 |
| | UACJ Corp. | 108,485 | 1,543 |
| | Plenus Co. Ltd. | 86,800 | 1,538 |
| | Yokogawa Bridge Holdings Corp. | 115,400 | 1,534 |
| | Adastria Co. Ltd. | 112,800 | 1,532 |
| | Shizuoka Gas Co. Ltd. | 208,300 | 1,526 |
| | | Shares | Market
Value•
($000) |
| | Kanamoto Co. Ltd. | 105,500 | 1,523 |
| | Iino Kaiun Kaisha Ltd. | 305,836 | 1,522 |
| | Valor Holdings Co. Ltd. | 131,600 | 1,522 |
| | Tamura Corp. | 305,000 | 1,517 |
| | Health Care & Medical Investment Corp. | 1,100 | 1,513 |
| | Nishimatsuya Chain Co. Ltd. | 164,900 | 1,512 |
| 1 | Kura Sushi Inc. | 64,300 | 1,504 |
| | Ogaki Kyoritsu Bank Ltd. | 127,374 | 1,504 |
| | Koa Corp. | 104,300 | 1,502 |
| | Nippon Signal Co. Ltd. | 221,616 | 1,502 |
| | Yamazen Corp. | 241,600 | 1,502 |
| | Nissha Co. Ltd. | 127,360 | 1,499 |
| | United Arrows Ltd. | 110,167 | 1,497 |
| * | Nippon Sheet Glass Co. Ltd. | 400,500 | 1,494 |
| | Kitz Corp. | 251,648 | 1,492 |
| | Takara Standard Co. Ltd. | 173,599 | 1,491 |
| | Gree Inc. | 264,700 | 1,488 |
| | Arata Corp. | 53,859 | 1,487 |
| | Shibaura Machine Co. Ltd. | 76,600 | 1,487 |
| | Elecom Co. Ltd. | 160,300 | 1,485 |
| | Aeon Hokkaido Corp. | 187,800 | 1,484 |
| | Nanto Bank Ltd. | 103,200 | 1,479 |
| | Premium Group Co. Ltd. | 124,700 | 1,478 |
| | Tri Chemical Laboratories Inc. | 98,576 | 1,474 |
| | Yuasa Trading Co. Ltd. | 59,100 | 1,471 |
| | Tsubaki Nakashima Co. Ltd. | 177,300 | 1,469 |
| | San-Ai Oil Co. Ltd. | 177,200 | 1,464 |
| | Eizo Corp. | 60,156 | 1,463 |
| | Shima Seiki Manufacturing Ltd. | 104,500 | 1,458 |
| | Japan Lifeline Co. Ltd. | 216,000 | 1,457 |
| *,1 | giftee Inc. | 95,104 | 1,452 |
| | Mitsubishi Logisnext Co. Ltd. | 281,600 | 1,451 |
| | Tokyu Construction Co. Ltd. | 344,700 | 1,447 |
| *,1 | Remixpoint Inc. | 441,602 | 1,446 |
| | Maeda Kosen Co. Ltd. | 71,100 | 1,444 |
| * | Chiyoda Corp. | 579,700 | 1,436 |
| | FULLCAST Holdings Co. Ltd. | 71,446 | 1,429 |
| | Heiwado Co. Ltd. | 112,700 | 1,426 |
| | Token Corp. | 26,886 | 1,417 |
| | North Pacific Bank Ltd. | 889,500 | 1,413 |
| | Fuji Co. Ltd. | 114,000 | 1,410 |
| | Argo Graphics Inc. | 53,900 | 1,404 |
| | Hioki EE Corp. | 29,400 | 1,403 |
| | Tocalo Co. Ltd. | 175,400 | 1,401 |
| | Gunze Ltd. | 54,507 | 1,400 |
| | Nitta Corp. | 72,100 | 1,399 |
| | Insource Co. Ltd. | 69,200 | 1,397 |
| | Okasan Securities Group Inc. | 586,500 | 1,395 |
| | Monogatari Corp. | 30,240 | 1,385 |
| | Raiznext Corp. | 164,900 | 1,381 |
| | MARUKA FURUSATO Corp. | 55,600 | 1,381 |
| | Eiken Chemical Co. Ltd. | 111,500 | 1,377 |
| | Prima Meat Packers Ltd. | 103,788 | 1,373 |
| | Cybozu Inc. | 107,400 | 1,372 |
| | Tokyo Kiraboshi Financial Group Inc. | 94,866 | 1,361 |
| | Ryosan Co. Ltd. | 76,557 | 1,354 |
| | | Shares | Market
Value•
($000) |
| | Takara Leben Real Estate Investment Corp. | 1,980 | 1,350 |
| | Bunka Shutter Co. Ltd. | 187,100 | 1,345 |
| | Avex Inc. | 119,900 | 1,344 |
| | Star Micronics Co. Ltd. | 117,098 | 1,341 |
| | Oyo Corp. | 88,200 | 1,339 |
| 1 | Snow Peak Inc. | 101,600 | 1,337 |
| | Prestige International Inc. | 276,500 | 1,336 |
| | Yokowo Co. Ltd. | 97,737 | 1,332 |
| | Comture Corp. | 81,300 | 1,323 |
| | Restar Holdings Corp. | 93,200 | 1,322 |
| | Mandom Corp. | 130,454 | 1,320 |
| | Nissin Electric Co. Ltd. | 142,200 | 1,320 |
| | MCJ Co. Ltd. | 209,000 | 1,320 |
| | KYB Corp. | 60,000 | 1,313 |
| | Future Corp. | 116,600 | 1,309 |
| | Intage Holdings Inc. | 118,800 | 1,307 |
| | Shin Nippon Biomedical Laboratories Ltd. | 71,400 | 1,307 |
| | Toyo Tanso Co. Ltd. | 52,210 | 1,307 |
| | Toho Bank Ltd. | 947,664 | 1,306 |
| | Starts Proceed Investment Corp. | 819 | 1,305 |
| | Yamagata Bank Ltd. | 189,385 | 1,300 |
| | TRE Holdings Corp. | 120,400 | 1,299 |
| 1 | Okinawa Financial Group Inc. | 93,544 | 1,296 |
| | Kanematsu Electronics Ltd. | 43,600 | 1,295 |
| | Aoyama Trading Co. Ltd. | 185,500 | 1,294 |
| | JCU Corp. | 68,400 | 1,294 |
| | Onward Holdings Co. Ltd. | 618,856 | 1,290 |
| | FCC Co. Ltd. | 131,843 | 1,282 |
| | Mitsuuroko Group Holdings Co. Ltd. | 185,600 | 1,278 |
| 1 | Shoei Foods Corp. | 46,300 | 1,278 |
| | Meiko Electronics Co. Ltd. | 72,057 | 1,277 |
| | LITALICO Inc. | 60,400 | 1,276 |
| | Roland Corp. | 44,900 | 1,274 |
| | Belc Co. Ltd. | 33,200 | 1,270 |
| | Yellow Hat Ltd. | 105,800 | 1,268 |
| | Maxell Ltd. | 152,700 | 1,267 |
| | Yonex Co. Ltd. | 135,100 | 1,252 |
| | Keiyo Bank Ltd. | 355,900 | 1,250 |
| | PHC Holdings Corp. | 120,300 | 1,249 |
| | Taihei Dengyo Kaisha Ltd. | 56,500 | 1,247 |
| | Hamakyorex Co. Ltd. | 55,800 | 1,246 |
| | Noritz Corp. | 121,387 | 1,246 |
| | Noritsu Koki Co. Ltd. | ��� 69,100 | 1,244 |
| | KeePer Technical Laboratory Co. Ltd. | 44,936 | 1,239 |
| | Mitsubishi Shokuhin Co. Ltd. | 60,900 | 1,233 |
| | Geo Holdings Corp. | 94,200 | 1,232 |
| | S Foods Inc. | 66,600 | 1,219 |
| | Daikyonishikawa Corp. | 302,300 | 1,219 |
| | Ryobi Ltd. | 137,287 | 1,217 |
| | S-Pool Inc. | 189,860 | 1,212 |
| | Bank of Nagoya Ltd. | 59,112 | 1,211 |
| | Ricoh Leasing Co. Ltd. | 49,606 | 1,211 |
| | J Trust Co. Ltd. | 275,100 | 1,208 |
| | Riso Kagaku Corp. | 75,684 | 1,202 |
| | Saibu Gas Holdings Co. Ltd. | 103,673 | 1,202 |
| | Wakita & Co. Ltd. | 152,200 | 1,202 |
| 1 | Kisoji Co. Ltd. | 81,160 | 1,201 |
| | Ringer Hut Co. Ltd. | 81,300 | 1,197 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | COLOPL Inc. | 253,600 | 1,194 |
| | Samty Residential Investment Corp. | 1,473 | 1,190 |
| | Procrea Holdings Inc. | 84,361 | 1,188 |
| | Sekisui Jushi Corp. | 103,600 | 1,186 |
| | Pacific Industrial Co. Ltd. | 168,300 | 1,185 |
| | Aida Engineering Ltd. | 203,806 | 1,184 |
| | Hiday Hidaka Corp. | 93,919 | 1,178 |
| *,1 | M&A Capital Partners Co. Ltd. | 46,300 | 1,178 |
| | SBS Holdings Inc. | 60,100 | 1,170 |
| | Itochu Enex Co. Ltd. | 169,300 | 1,165 |
| | Zuken Inc. | 51,700 | 1,165 |
| | Axial Retailing Inc. | 51,130 | 1,164 |
| | Nishio Rent All Co. Ltd. | 57,800 | 1,162 |
| | Nippon Ceramic Co. Ltd. | 66,800 | 1,161 |
| | Musashino Bank Ltd. | 100,300 | 1,158 |
| | Japan Pulp & Paper Co. Ltd. | 37,500 | 1,157 |
| * | Japan Display Inc. | 3,442,400 | 1,153 |
| | Macromill Inc. | 154,200 | 1,149 |
| | RS Technologies Co. Ltd. | 22,900 | 1,136 |
| | Okinawa Electric Power Co. Inc. | 163,608 | 1,135 |
| | Giken Ltd. | 52,500 | 1,131 |
| | Anicom Holdings Inc. | 282,500 | 1,129 |
| | Management Solutions Co. Ltd. | 57,236 | 1,128 |
| | Bell System24 Holdings Inc. | 121,200 | 1,126 |
| | Fukushima Galilei Co. Ltd. | 40,900 | 1,125 |
| | Nippon Koei Co. Ltd. | 50,300 | 1,125 |
| | Nissan Shatai Co. Ltd. | 195,200 | 1,124 |
| *,1 | Oisix ra daichi Inc. | 99,618 | 1,124 |
| | Tsugami Corp. | 149,900 | 1,123 |
| | Tsurumi Manufacturing Co. Ltd. | 75,500 | 1,122 |
| | TOMONY Holdings Inc. | 516,500 | 1,122 |
| | Okamoto Industries Inc. | 44,900 | 1,120 |
| | Koshidaka Holdings Co. Ltd. | 149,008 | 1,120 |
| | Unipres Corp. | 191,480 | 1,119 |
| | Maruzen Showa Unyu Co. Ltd. | 54,800 | 1,118 |
| * | SRE Holdings Corp. | 44,096 | 1,117 |
| | Furukawa Co. Ltd. | 127,298 | 1,116 |
| | Keihanshin Building Co. Ltd. | 125,700 | 1,116 |
| | PAL GROUP Holdings Co. Ltd. | 78,000 | 1,114 |
| | GLOBERIDE Inc. | 71,000 | 1,110 |
| | Nippon Kanzai Co. Ltd. | 64,900 | 1,103 |
| | Sakata INX Corp. | 154,100 | 1,103 |
| | Curves Holdings Co. Ltd. | 189,608 | 1,102 |
| | Micronics Japan Co. Ltd. | 118,800 | 1,098 |
| | Shin-Etsu Polymer Co. Ltd. | 131,200 | 1,094 |
| | Bando Chemical Industries Ltd. | 153,400 | 1,090 |
| | Weathernews Inc. | 20,800 | 1,083 |
| | Nippon Denko Co. Ltd. | 472,990 | 1,079 |
| | Konoike Transport Co. Ltd. | 102,400 | 1,078 |
| | Konishi Co. Ltd. | 92,100 | 1,076 |
| 1 | Trancom Co. Ltd. | 21,000 | 1,076 |
| | Broadleaf Co. Ltd. | 293,400 | 1,075 |
| | | Shares | Market
Value•
($000) |
| | Infocom Corp. | 74,740 | 1,073 |
| | Hyakujushi Bank Ltd. | 95,600 | 1,072 |
| | Sankei Real Estate Inc. | 1,706 | 1,071 |
| | Piolax Inc. | 85,500 | 1,063 |
| | Bank of Iwate Ltd. | 87,724 | 1,058 |
| | Life Corp. | 71,000 | 1,058 |
| | Doutor Nichires Holdings Co. Ltd. | 94,737 | 1,057 |
| | Sato Holdings Corp. | 85,100 | 1,050 |
| | Fujicco Co. Ltd. | 81,405 | 1,041 |
| | Fujimori Kogyo Co. Ltd. | 49,700 | 1,038 |
| | Oiles Corp. | 103,108 | 1,036 |
| | Nippon Seiki Co. Ltd. | 203,532 | 1,035 |
| | Sanyo Denki Co. Ltd. | 27,900 | 1,021 |
| | Hakuto Co. Ltd. | 39,600 | 1,020 |
| | METAWATER Co. Ltd. | 79,600 | 1,019 |
| | IDOM Inc. | 203,300 | 1,018 |
| | EM Systems Co. Ltd. | 153,600 | 1,016 |
| | Kyokuto Kaihatsu Kogyo Co. Ltd. | 109,200 | 1,015 |
| | Sakai Moving Service Co. Ltd. | 32,100 | 1,015 |
| *,1 | Istyle Inc. | 307,700 | 1,013 |
| | Sanyo Special Steel Co. Ltd. | 78,870 | 1,012 |
| | VT Holdings Co. Ltd. | 311,800 | 1,010 |
| | Shikoku Chemicals Corp. | 115,700 | 1,007 |
| | Chugoku Marine Paints Ltd. | 163,100 | 1,002 |
| | Chofu Seisakusho Co. Ltd. | 73,300 | 1,001 |
| | Futaba Corp. | 247,332 | 1,001 |
| | Takasago International Corp. | 53,200 | 1,000 |
| | Mitsubishi Research Institute Inc. | 28,400 | 992 |
| | Tosei REIT Investment Corp. | 1,071 | 988 |
| | Sodick Co. Ltd. | 188,378 | 979 |
| | Midac Holdings Co. Ltd. | 39,410 | 979 |
| 1 | KFC Holdings Japan Ltd. | 52,200 | 977 |
| | Towa Corp. | 80,465 | 971 |
| | Tosei Corp. | 101,600 | 969 |
| | Relia Inc. | 144,100 | 967 |
| | ESPEC Corp. | 75,408 | 967 |
| | Tanseisha Co. Ltd. | 179,400 | 967 |
| | Exedy Corp. | 82,300 | 965 |
| | Nippon Yakin Kogyo Co. Ltd. | 50,779 | 965 |
| | Valqua Ltd. | 54,400 | 962 |
| | WingArc1st Inc. | 59,900 | 961 |
| | Toa Corp. | 58,700 | 960 |
| | Tokyo Electron Device Ltd. | 20,300 | 958 |
| * | Nippon Chemi-Con Corp. | 76,181 | 958 |
| | Uchida Yoko Co. Ltd. | 31,300 | 955 |
| | TechMatrix Corp. | 83,900 | 953 |
| | Hokuto Corp. | 73,724 | 952 |
| | Megachips Corp. | 55,581 | 951 |
| | Siix Corp. | 123,200 | 950 |
| | Asahi Diamond Industrial Co. Ltd. | 189,322 | 946 |
| | Kanto Denka Kogyo Co. Ltd. | 146,900 | 937 |
| | Arcland Sakamoto Co. Ltd. | 94,300 | 935 |
| | DyDo Group Holdings Inc. | 30,644 | 935 |
| 1 | Sanyo Electric Railway Co. Ltd. | 61,384 | 934 |
| | | Shares | Market
Value•
($000) |
| | Torii Pharmaceutical Co. Ltd. | 46,000 | 933 |
| | Sintokogio Ltd. | 201,500 | 930 |
| | Yokorei Co. Ltd. | 153,200 | 929 |
| | TOC Co. Ltd. | 178,046 | 925 |
| | Mizuno Corp. | 53,856 | 922 |
| | Alconix Corp. | 99,614 | 916 |
| | Hirata Corp. | 31,311 | 916 |
| | Fujibo Holdings Inc. | 40,400 | 915 |
| | Nippon Carbon Co. Ltd. | 32,100 | 909 |
| 1 | Link And Motivation Inc. | 150,500 | 909 |
| | Mitani Sekisan Co. Ltd. | 35,300 | 908 |
| | San ju San Financial Group Inc. | 92,752 | 907 |
| | Sumitomo Densetsu Co. Ltd. | 51,400 | 904 |
| | Genky DrugStores Co. Ltd. | 35,500 | 904 |
| | Sinanen Holdings Co. Ltd. | 33,000 | 902 |
| | ValueCommerce Co. Ltd. | 61,800 | 902 |
| | Pasona Group Inc. | 65,500 | 901 |
| | SWCC Showa Holdings Co. Ltd. | 74,700 | 897 |
| | Elan Corp. | 116,700 | 896 |
| | Katakura Industries Co. Ltd. | 65,192 | 892 |
| | Seikagaku Corp. | 146,241 | 892 |
| | Ki-Star Real Estate Co. Ltd. | 28,700 | 890 |
| | Daiki Aluminium Industry Co. Ltd. | 102,930 | 886 |
| | Nittetsu Mining Co. Ltd. | 44,400 | 883 |
| | Daiichi Jitsugyo Co. Ltd. | 33,500 | 880 |
| | Yondoshi Holdings Inc. | 76,800 | 879 |
| | Joshin Denki Co. Ltd. | 68,226 | 878 |
| | Press Kogyo Co. Ltd. | 313,200 | 876 |
| | Tamron Co. Ltd. | 39,400 | 875 |
| | TSI Holdings Co. Ltd. | 288,900 | 874 |
| | YAMABIKO Corp. | 113,400 | 873 |
| | Mori Trust Hotel REIT Inc. | 920 | 873 |
| | Tsukishima Kikai Co. Ltd. | 128,700 | 872 |
| | Sanyo Chemical Industries Ltd. | 30,754 | 871 |
| | Sala Corp. | 163,300 | 866 |
| | Komori Corp. | 158,900 | 865 |
| | Retail Partners Co. Ltd. | 104,800 | 863 |
| | Solasto Corp. | 143,100 | 862 |
| | Nohmi Bosai Ltd. | 79,700 | 860 |
| | Osaka Organic Chemical Industry Ltd. | 63,900 | 854 |
| | Kyokuyo Co. Ltd. | 35,100 | 853 |
| | Nippon Parking Development Co. Ltd. | 491,400 | 853 |
| | Nippon Pillar Packing Co. Ltd. | 51,800 | 849 |
| | Senshu Electric Co. Ltd. | 46,882 | 849 |
| | Belluna Co. Ltd. | 175,900 | 848 |
| | Hibiya Engineering Ltd. | 65,900 | 843 |
| | T-Gaia Corp. | 75,600 | 841 |
| 1 | Fujio Food Group Inc. | 89,500 | 841 |
| | Union Tool Co. | 34,800 | 838 |
| | Usen-Next Holdings Co. Ltd. | 54,600 | 837 |
| | Ryoyo Electro Corp. | 53,942 | 832 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | NS United Kaiun Kaisha Ltd. | 33,400 | 831 |
| | Teikoku Sen-I Co. Ltd. | 77,484 | 830 |
| | Hosokawa Micron Corp. | 45,600 | 827 |
| * | Matsuya Co. Ltd. | 121,700 | 827 |
| | Key Coffee Inc. | 59,293 | 824 |
| | Tokai Corp. | 64,900 | 824 |
| | Roland DG Corp. | 38,400 | 823 |
| | Miyazaki Bank Ltd. | 54,893 | 823 |
| 1 | Pharma Foods International Co. Ltd. | 93,016 | 822 |
| | Doshisha Co. Ltd. | 80,800 | 821 |
| | Daiwa Industries Ltd. | 97,600 | 818 |
| | Matsuyafoods Holdings Co. Ltd. | 29,700 | 812 |
| | m-up Holdings Inc. | 76,700 | 810 |
| * | Kappa Create Co. Ltd. | 85,588 | 809 |
| | Mimasu Semiconductor Industry Co. Ltd. | 52,200 | 807 |
| * | Modec Inc. | 73,888 | 804 |
| | Daito Pharmaceutical Co. Ltd. | 46,500 | 800 |
| | ESCON Japan REIT Investment Corp. | 1,027 | 796 |
| | Yorozu Corp. | 136,976 | 795 |
| | Direct Marketing MiX Inc. | 69,900 | 790 |
| | Sun Frontier Fudousan Co. Ltd. | 101,800 | 786 |
| | Arcland Service Holdings Co. Ltd. | 53,400 | 783 |
| | Nihon Nohyaku Co. Ltd. | 126,500 | 781 |
| | Meisei Industrial Co. Ltd. | 164,700 | 781 |
| | Shinko Shoji Co. Ltd. | 116,800 | 780 |
| | Starzen Co. Ltd. | 56,200 | 779 |
| | Topy Industries Ltd. | 72,579 | 776 |
| | ES-Con Japan Ltd. | 142,000 | 774 |
| *,1 | Sourcenext Corp. | 385,400 | 773 |
| | Tachi-S Co. Ltd. | 103,200 | 765 |
| 1 | Marudai Food Co. Ltd. | 80,818 | 762 |
| | Mitsui DM Sugar Holdings Co. Ltd. | 59,600 | 761 |
| | Tachibana Eletech Co. Ltd. | 68,534 | 761 |
| | J-Oil Mills Inc. | 71,200 | 757 |
| | Zenrin Co. Ltd. | 128,650 | 757 |
| | ARTERIA Networks Corp. | 93,500 | 755 |
| | Daiken Corp. | 56,300 | 754 |
| | Sinfonia Technology Co. Ltd. | 82,900 | 754 |
| | Sinko Industries Ltd. | 71,641 | 746 |
| | Computer Engineering & Consulting Ltd. | 71,070 | 745 |
| | I'll Inc. | 59,700 | 743 |
| | Qol Holdings Co. Ltd. | 89,799 | 741 |
| | Carta Holdings Inc. | 64,500 | 739 |
| 1 | Tama Home Co. Ltd. | 47,000 | 737 |
| | Yamanashi Chuo Bank Ltd. | 107,117 | 734 |
| 1 | YA-MAN Ltd. | 97,600 | 732 |
| | ASAHI YUKIZAI Corp. | 45,511 | 731 |
| | Riken Vitamin Co. Ltd. | 57,700 | 731 |
| | Ehime Bank Ltd. | 126,800 | 729 |
| | Ishihara Sangyo Kaisha Ltd. | 105,400 | 726 |
| 1 | Nippon Fine Chemical Co. Ltd. | 51,600 | 724 |
| | Nippon Thompson Co. Ltd. | 202,100 | 721 |
| | | Shares | Market
Value•
($000) |
| | Takamatsu Construction Group Co. Ltd. | 54,800 | 715 |
| | Nichireki Co. Ltd. | 81,500 | 715 |
| * | Vision Inc. | 84,065 | 711 |
| | Enplas Corp. | 25,953 | 709 |
| | TV Asahi Holdings Corp. | 75,600 | 708 |
| | Takara Leben Co. Ltd. | 260,500 | 700 |
| | Gakken Holdings Co. Ltd. | 104,700 | 690 |
| | Riso Kyoiku Co. Ltd. | 332,800 | 688 |
| | Obara Group Inc. | 29,540 | 685 |
| | Shibaura Mechatronics Corp. | 10,400 | 683 |
| 1 | Rock Field Co. Ltd. | 70,168 | 681 |
| | Nippon Road Co. Ltd. | 16,500 | 679 |
| 1 | IR Japan Holdings Ltd. | 46,000 | 673 |
| | Poletowin Pitcrew Holdings Inc. | 105,500 | 671 |
| | MEC Co. Ltd. | 42,000 | 671 |
| | Halows Co. Ltd. | 33,300 | 669 |
| | Asanuma Corp. | 36,300 | 668 |
| 1 | Airtrip Corp. | 40,018 | 667 |
| | Ines Corp. | 65,500 | 666 |
| | Kurabo Industries Ltd. | 47,500 | 665 |
| | Inageya Co. Ltd. | 87,600 | 663 |
| | Pacific Metals Co. Ltd. | 53,608 | 662 |
| | JAC Recruitment Co. Ltd. | 38,700 | 658 |
| | Sagami Holdings Corp. | 80,196 | 657 |
| | Pack Corp. | 41,500 | 656 |
| | AOKI Holdings Inc. | 135,504 | 655 |
| | Kyoei Steel Ltd. | 74,012 | 654 |
| | Komatsu Matere Co. Ltd. | 119,200 | 653 |
| * | Mitsui E&S Holdings Co. Ltd. | 231,900 | 651 |
| | Keiyo Co. Ltd. | 106,300 | 648 |
| | Sumitomo Seika Chemicals Co. Ltd. | 32,300 | 645 |
| | Akita Bank Ltd. | 60,300 | 644 |
| | TPR Co. Ltd. | 75,929 | 637 |
| | Teikoku Electric Manufacturing Co. Ltd. | 47,700 | 634 |
| | JVCKenwood Corp. | 436,740 | 634 |
| | Sanshin Electronics Co. Ltd. | 48,800 | 632 |
| * | Jamco Corp. | 56,400 | 631 |
| | Torishima Pump Manufacturing Co. Ltd. | 72,800 | 631 |
| | Happinet Corp. | 45,800 | 630 |
| | Toho Zinc Co. Ltd. | 43,978 | 629 |
| | Pressance Corp. | 61,148 | 627 |
| | Sakai Chemical Industry Co. Ltd. | 47,409 | 626 |
| | Hoosiers Holdings | 118,700 | 624 |
| 1 | Alpen Co. Ltd. | 45,900 | 624 |
| | Tokushu Tokai Paper Co. Ltd. | 31,300 | 616 |
| | Toyo Corp. | 70,017 | 611 |
| | Onoken Co. Ltd. | 63,100 | 610 |
| | Neturen Co. Ltd. | 135,300 | 608 |
| | Softcreate Holdings Corp. | 26,739 | 608 |
| | St. Marc Holdings Co. Ltd. | 55,600 | 607 |
| | V Technology Co. Ltd. | 32,100 | 604 |
| | Marusan Securities Co. Ltd. | 214,855 | 599 |
| | Cawachi Ltd. | 42,900 | 594 |
| | Aichi Steel Corp. | 42,302 | 592 |
| | | Shares | Market
Value•
($000) |
| | Tochigi Bank Ltd. | 290,312 | 591 |
| | Kansai Super Market Ltd. | 62,800 | 590 |
| | Futaba Industrial Co. Ltd. | 234,800 | 589 |
| | HI-LEX Corp. | 82,500 | 587 |
| * | Atrae Inc. | 56,816 | 586 |
| | Okabe Co. Ltd. | 123,535 | 584 |
| | GMO GlobalSign Holdings KK | 18,778 | 584 |
| 1 | V-Cube Inc. | 86,165 | 584 |
| | Sumitomo Riko Co. Ltd. | 147,700 | 582 |
| | SB Technology Corp. | 39,800 | 579 |
| | Bank of the Ryukyus Ltd. | 108,867 | 570 |
| * | Nichi-iko Pharmaceutical Co. Ltd. | 182,000 | 570 |
| | Warabeya Nichiyo Holdings Co. Ltd. | 48,000 | 568 |
| | Daikokutenbussan Co. Ltd. | 18,600 | 567 |
| | Tenma Corp. | 40,600 | 564 |
| | Oita Bank Ltd. | 46,407 | 563 |
| | Nichiden Corp. | 47,500 | 562 |
| | CMK Corp. | 155,200 | 559 |
| | Inui Global Logistics Co. Ltd. | 43,808 | 559 |
| | G-7 Holdings Inc. | 58,200 | 557 |
| | Shikoku Bank Ltd. | 94,940 | 554 |
| | Shin Nippon Air Technologies Co. Ltd. | 43,300 | 553 |
| | Towa Bank Ltd. | 157,700 | 551 |
| | Vector Inc. | 74,100 | 551 |
| | Fixstars Corp. | 72,200 | 546 |
| | SIGMAXYZ Holdings Inc. | 68,000 | 546 |
| | gremz Inc. | 46,800 | 541 |
| | Raccoon Holdings Inc. | 65,162 | 539 |
| | Fukui Bank Ltd. | 58,855 | 538 |
| | Maxvalu Tokai Co. Ltd. | 28,400 | 535 |
| | Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 45,103 | 534 |
| | Eagle Industry Co. Ltd. | 71,700 | 532 |
| | Anest Iwata Corp. | 88,700 | 532 |
| | YAKUODO Holdings Co. Ltd. | 28,300 | 530 |
| | Dai-Dan Co. Ltd. | 37,100 | 529 |
| | Canon Electronics Inc. | 49,794 | 526 |
| | Alpha Systems Inc. | 18,200 | 525 |
| | Chilled & Frozen Logistics Holdings Co. Ltd. | 64,600 | 524 |
| | Matsuda Sangyo Co. Ltd. | 34,700 | 518 |
| | K&O Energy Group Inc. | 37,200 | 518 |
| *,1 | Open Door Inc. | 43,200 | 518 |
| | Goldcrest Co. Ltd. | 43,980 | 516 |
| * | PIA Corp. | 23,100 | 516 |
| | Miroku Jyoho Service Co. Ltd. | 51,200 | 514 |
| | Nissei ASB Machine Co. Ltd. | 20,600 | 514 |
| | Sparx Group Co. Ltd. | 50,920 | 513 |
| | Xebio Holdings Co. Ltd. | 75,308 | 511 |
| | Kitanotatsujin Corp. | 263,000 | 510 |
| | Media Do Co. Ltd. | 35,721 | 509 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Shindengen Electric Manufacturing Co. Ltd. | 20,500 | 506 |
| | Toyo Kanetsu KK | 30,600 | 506 |
| | Avant Corp. | 50,900 | 505 |
| | FIDEA Holdings Co. Ltd. | 57,620 | 502 |
| | Oriental Shiraishi Corp. | 275,894 | 497 |
| | DKK Co. Ltd. | 30,780 | 496 |
| | Fujiya Co. Ltd. | 28,900 | 496 |
| | Mie Kotsu Group Holdings Inc. | 142,500 | 493 |
| | G-Tekt Corp. | 54,500 | 487 |
| | Japan Transcity Corp. | 145,592 | 484 |
| | Sanei Architecture Planning Co. Ltd. | 45,800 | 477 |
| * | Fujita Kanko Inc. | 22,400 | 476 |
| | Yurtec Corp. | 99,400 | 476 |
| * | MedPeer Inc. | 46,300 | 476 |
| | Denyo Co. Ltd. | 48,400 | 474 |
| | Furuno Electric Co. Ltd. | 65,700 | 474 |
| | Kurimoto Ltd. | 43,400 | 474 |
| | Itochu-Shokuhin Co. Ltd. | 14,400 | 472 |
| | Aiphone Co. Ltd. | 34,800 | 468 |
| | Chiyoda Integre Co. Ltd. | 30,300 | 467 |
| | Chubu Shiryo Co. Ltd. | 68,600 | 467 |
| | Riken Technos Corp. | 132,700 | 460 |
| | Medical Data Vision Co. Ltd. | 61,800 | 460 |
| | Vital KSK Holdings Inc. | 90,700 | 456 |
| | Toenec Corp. | 19,200 | 454 |
| | Fukuda Corp. | 13,900 | 453 |
| | Elematec Corp. | 43,300 | 451 |
| | Proto Corp. | 57,600 | 451 |
| | Kamei Corp. | 60,500 | 450 |
| | Icom Inc. | 26,700 | 449 |
| * | Net Protections Holdings Inc. | 153,100 | 449 |
| | Nakayama Steel Works Ltd. | 103,400 | 442 |
| | Okuwa Co. Ltd. | 71,500 | 442 |
| * | Akebono Brake Industry Co. Ltd. | 375,983 | 440 |
| *,1 | Taiko Pharmaceutical Co. Ltd. | 119,237 | 440 |
| | ASKA Pharmaceutical Holdings Co. Ltd. | 55,900 | 440 |
| | World Co. Ltd. | 46,800 | 439 |
| | CI Takiron Corp. | 126,900 | 438 |
| | Stella Chemifa Corp. | 24,200 | 434 |
| | Taki Chemical Co. Ltd. | 12,300 | 434 |
| | Tekken Corp. | 36,600 | 434 |
| | Osaki Electric Co. Ltd. | 122,800 | 431 |
| | Ichikoh Industries Ltd. | 148,566 | 424 |
| | World Holdings Co. Ltd. | 24,000 | 421 |
| * | KLab Inc. | 135,560 | 421 |
| | Rheon Automatic Machinery Co. Ltd. | 53,615 | 420 |
| | Fukui Computer Holdings Inc. | 17,900 | 418 |
| | JDC Corp. | 108,400 | 418 |
| | Tonami Holdings Co. Ltd. | 17,600 | 417 |
| | Chori Co. Ltd. | 31,600 | 414 |
| * | Kintetsu Department Store Co. Ltd. | 24,500 | 414 |
| | Shinwa Co. Ltd. | 30,900 | 413 |
| | SRA Holdings | 19,100 | 412 |
| | Daido Metal Co. Ltd. | 119,200 | 410 |
| | | Shares | Market
Value•
($000) |
| | Nagatanien Holdings Co. Ltd. | 30,400 | 409 |
| | JM Holdings Co. Ltd. | 35,700 | 407 |
| | Aisan Industry Co. Ltd. | 85,100 | 403 |
| | BRONCO BILLY Co. Ltd. | 24,200 | 402 |
| | ZIGExN Co. Ltd. | 162,900 | 401 |
| | Marvelous Inc. | 88,000 | 399 |
| | Kenko Mayonnaise Co. Ltd. | 35,300 | 398 |
| | Ryoden Corp. | 35,500 | 396 |
| | Kanagawa Chuo Kotsu Co. Ltd. | 17,700 | 395 |
| | Optorun Co. Ltd. | 27,700 | 393 |
| 1 | Aeon Fantasy Co. Ltd. | 19,800 | 392 |
| | Ichiyoshi Securities Co. Ltd. | 96,700 | 392 |
| | Nichiban Co. Ltd. | 34,300 | 392 |
| | Tayca Corp. | 46,232 | 391 |
| *,1 | KNT-CT Holdings Co. Ltd. | 35,800 | 389 |
| | Hochiki Corp. | 40,100 | 384 |
| | Shibusawa Warehouse Co. Ltd. | 27,909 | 384 |
| | Kanaden Corp. | 53,000 | 383 |
| | LEC Inc. | 64,548 | 381 |
| | Achilles Corp. | 40,900 | 377 |
| | CTS Co. Ltd. | 69,742 | 376 |
| | CMIC Holdings Co. Ltd. | 33,300 | 376 |
| | Kamakura Shinsho Ltd. | 69,600 | 375 |
| | Fudo Tetra Corp. | 37,620 | 374 |
| | Aichi Corp. | 69,900 | 371 |
| | Sumida Corp. | 56,109 | 371 |
| | Mitsuba Corp. | 136,724 | 361 |
| | France Bed Holdings Co. Ltd. | 57,600 | 360 |
| | Studio Alice Co. Ltd. | 25,700 | 359 |
| * | WATAMI Co. Ltd. | 59,400 | 359 |
| | Nissin Sugar Co. Ltd. | 31,325 | 358 |
| | WDB Holdings Co. Ltd. | 20,712 | 357 |
| | Advan Group Co. Ltd. | 60,400 | 356 |
| | Nissin Corp. | 27,400 | 355 |
| | Hokkaido Gas Co. Ltd. | 30,800 | 353 |
| | Feed One Co. Ltd. | 77,820 | 351 |
| | CAC Holdings Corp. | 34,600 | 350 |
| | Kyodo Printing Co. Ltd. | 20,600 | 350 |
| | Melco Holdings Inc. | 16,600 | 349 |
| | Takaoka Toko Co. Ltd. | 28,300 | 349 |
| | Kyosan Electric Manufacturing Co. Ltd. | 129,100 | 348 |
| | Taisei Lamick Co. Ltd. | 17,100 | 345 |
| | CONEXIO Corp. | 44,800 | 343 |
| | Riken Corp. | 22,400 | 341 |
| | Yahagi Construction Co. Ltd. | 67,700 | 341 |
| | Shinnihon Corp. | 69,800 | 340 |
| | Yukiguni Maitake Co. Ltd. | 47,500 | 340 |
| | Honeys Holdings Co. Ltd. | 41,790 | 339 |
| | Iseki & Co. Ltd. | 40,887 | 338 |
| | Hodogaya Chemical Co. Ltd. | 17,500 | 337 |
| | Tokyo Energy & Systems Inc. | 54,100 | 336 |
| | Bank of Saga Ltd. | 32,100 | 335 |
| | Cosel Co. Ltd. | 58,400 | 335 |
| | FAN Communications Inc. | 111,900 | 334 |
| | Tess Holdings Co. Ltd. | 48,400 | 332 |
| | Dai Nippon Toryo Co. Ltd. | 67,000 | 331 |
| | | Shares | Market
Value•
($000) |
| | Moriroku Holdings Co. Ltd. | 29,100 | 331 |
| | Krosaki Harima Corp. | 10,600 | 329 |
| | Furukawa Battery Co. Ltd. | 46,455 | 328 |
| | Amuse Inc. | 26,700 | 324 |
| | Nippon Beet Sugar Manufacturing Co. Ltd. | 29,200 | 322 |
| | Japan Best Rescue System Co. Ltd. | 59,965 | 322 |
| | Central Security Patrols Co. Ltd. | 18,595 | 321 |
| | Sankyo Seiko Co. Ltd. | 101,197 | 321 |
| | Tosho Co. Ltd. | 41,800 | 320 |
| | Chiyoda Co. Ltd. | 64,200 | 317 |
| | Digital Holdings Inc. | 40,945 | 316 |
| | Fuji Pharma Co. Ltd. | 43,800 | 315 |
| 1 | Ministop Co. Ltd. | 33,100 | 314 |
| * | Optim Corp. | 51,838 | 314 |
| | Koatsu Gas Kogyo Co. Ltd. | 73,900 | 313 |
| | JP-Holdings Inc. | 155,400 | 312 |
| | Rokko Butter Co. Ltd. | 33,000 | 312 |
| | Nihon Chouzai Co. Ltd. | 34,900 | 310 |
| | Toa Corp. (XTKS) | 58,900 | 308 |
| | Kyokuto Securities Co. Ltd. | 73,300 | 308 |
| | Hisaka Works Ltd. | 54,100 | 307 |
| | Mars Group Holdings Corp. | 25,000 | 306 |
| | Enigmo Inc. | 83,000 | 306 |
| | ST Corp. | 30,300 | 305 |
| | Ubicom Holdings Inc. | 18,700 | 305 |
| | Godo Steel Ltd. | 26,400 | 303 |
| | JSP Corp. | 30,700 | 300 |
| | Hito Communications Holdings Inc. | 26,766 | 300 |
| | Nitto Kohki Co. Ltd. | 28,100 | 298 |
| | Tomoku Co. Ltd. | 29,100 | 294 |
| | NEC Capital Solutions Ltd. | 20,400 | 293 |
| | Maezawa Kyuso Industries Co. Ltd. | 47,000 | 290 |
| | Arakawa Chemical Industries Ltd. | 44,600 | 284 |
| | Seika Corp. | 25,800 | 284 |
| | Artnature Inc. | 54,800 | 284 |
| | Cleanup Corp. | 69,300 | 283 |
| | Kawada Technologies Inc. | 11,500 | 280 |
| | Sanoh Industrial Co. Ltd. | 60,600 | 276 |
| | DKS Co. Ltd. | 22,000 | 274 |
| | Fuso Pharmaceutical Industries Ltd. | 19,700 | 273 |
| | Tatsuta Electric Wire and Cable Co. Ltd. | 92,400 | 273 |
| | Nippon Coke & Engineering Co. Ltd. | 494,700 | 269 |
| * | Gurunavi Inc. | 93,300 | 268 |
| | Corona Corp. Class A | 46,600 | 264 |
| | Sankyo Tateyama Inc. | 72,000 | 263 |
| 1 | Kojima Co. Ltd. | 63,300 | 262 |
| | Okura Industrial Co. Ltd. | 20,700 | 261 |
| | Yushin Precision Equipment Co. Ltd. | 55,200 | 261 |
| * | Unitika Ltd. | 140,200 | 258 |
| | Japan Medical Dynamic Marketing Inc. | 32,118 | 256 |
| | Tsutsumi Jewelry Co. Ltd. | 18,200 | 255 |
| | Asahi Co. Ltd. | 29,300 | 255 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Airport Facilities Co. Ltd. | 70,700 | 254 |
| 1 | Ebase Co. Ltd. | 68,800 | 254 |
| 1 | Central Sports Co. Ltd. | 15,675 | 253 |
| | Pronexus Inc. | 39,035 | 251 |
| * | BrainPad Inc. | 41,157 | 250 |
| | Hokkan Holdings Ltd. | 28,200 | 248 |
| | Nippon Sharyo Ltd. | 18,500 | 246 |
| | Shimizu Bank Ltd. | 25,000 | 240 |
| 1 | MTI Ltd. | 70,000 | 239 |
| | Kanamic Network Co. Ltd. | 56,600 | 236 |
| | Sekisui Kasei Co. Ltd. | 90,300 | 235 |
| * | TerraSky Co. Ltd. | 14,210 | 234 |
| | Nihon Tokushu Toryo Co. Ltd. | 40,500 | 232 |
| *,1 | FDK Corp. | 36,714 | 222 |
| | Osaka Steel Co. Ltd. | 31,000 | 222 |
| | Nippon Rietec Co. Ltd. | 43,100 | 218 |
| | Akatsuki Inc. | 14,200 | 206 |
| | Tv Tokyo Holdings Corp. | 16,000 | 205 |
| 1 | Fibergate Inc. | 33,349 | 205 |
| | Chuo Spring Co. Ltd. | 43,600 | 203 |
| 1 | Ohara Inc. | 24,388 | 199 |
| | Tokyo Rakutenchi Co. Ltd. | 6,900 | 197 |
| | I-PEX Inc. | 22,900 | 197 |
| * | COOKPAD Inc. | 137,800 | 192 |
| | Tokyo Individualized Educational Institute Inc. | 55,312 | 191 |
| * | Kourakuen Holdings Corp. | 26,400 | 190 |
| | Nihon Trim Co. Ltd. | 11,900 | 187 |
| *,1 | Gunosy Inc. | 42,000 | 184 |
| | Inaba Seisakusho Co. Ltd. | 19,800 | 183 |
| 1 | Daisyo Corp. | 25,700 | 178 |
| | Taiho Kogyo Co. Ltd. | 37,900 | 176 |
| | Wowow Inc. | 20,400 | 172 |
| | Nisso Corp. | 44,600 | 169 |
| * | RPA Holdings Inc. | 86,600 | 168 |
| | Gecoss Corp. | 29,900 | 160 |
| | Shimojima Co. Ltd. | 22,700 | 160 |
| | Oro Co. Ltd. | 13,967 | 157 |
| | Takamiya Co. Ltd. | 56,000 | 153 |
| 1 | CHIMNEY Co. Ltd. | 20,000 | 148 |
| | Yamashin-Filter Corp. | 51,900 | 145 |
| | Linical Co. Ltd. | 28,300 | 141 |
| * | Right On Co. Ltd. | 28,800 | 118 |
| | Robot Home Inc. | 94,100 | 110 |
| | LIFULL Co. Ltd. | 6,700 | 7 |
| | | | 1,140,392 |
| Kuwait (0.2%) |
| | National Industries Group Holding SAK | 6,369,229 | 4,811 |
| | Boursa Kuwait Securities Co. KPSC | 370,151 | 2,711 |
| * | Warba Bank KSCP | 3,449,822 | 2,682 |
| * | National Real Estate Co. KPSC | 3,524,623 | 1,595 |
| | Qurain Petrochemical Industries Co. | 1,911,641 | 1,556 |
| | Kuwait Projects Co. Holding KSCP | 3,229,318 | 1,232 |
| | Kuwait International Bank KSCP | 2,008,241 | 1,225 |
| | Jazeera Airways Co. KSCP | 225,860 | 1,218 |
| | Alimtiaz Investment Group KSC | 3,634,723 | 877 |
| | | Shares | Market
Value•
($000) |
| | Integrated Holding Co. KCSC | 652,260 | 686 |
| | | | 18,593 |
| Malaysia (0.8%) |
| | Inari Amertron Bhd. | 9,854,400 | 5,201 |
| | TIME dotCom Bhd. | 3,460,300 | 3,331 |
| | My EG Services Bhd. | 16,898,500 | 3,164 |
| | Carlsberg Brewery Malaysia Bhd. | 562,400 | 2,650 |
| | Bursa Malaysia Bhd. | 1,921,254 | 2,621 |
| | Sunway REIT | 7,979,800 | 2,365 |
| | ViTrox Corp. Bhd. | 1,499,100 | 2,255 |
| | D&O Green Technologies Bhd. | 2,660,300 | 2,190 |
| | Yinson Holdings Bhd. | 4,605,940 | 2,066 |
| | Genting Plantations Bhd. | 1,533,373 | 1,985 |
| | Frontken Corp. Bhd. | 3,814,650 | 1,985 |
| | Sunway Bhd. | 5,829,688 | 1,973 |
| | Axis REIT | 4,620,500 | 1,827 |
| | Pentamaster Corp. Bhd. | 2,192,950 | 1,806 |
| | VS Industry Bhd. | 9,834,450 | 1,759 |
| | Mega First Corp. Bhd. | 2,267,200 | 1,573 |
| | Scientex Bhd. | 2,154,600 | 1,486 |
| | Malaysian Pacific Industries Bhd. | 290,400 | 1,479 |
| | KPJ Healthcare Bhd. | 8,448,400 | 1,466 |
| | Dagang NeXchange Bhd | 8,658,600 | 1,393 |
| | UMW Holdings Bhd | 1,926,300 | 1,369 |
| | PMB Technology Bhd | 1,551,087 | 1,325 |
| | BerMaz Auto Bhd. | 3,093,040 | 1,294 |
| | Kossan Rubber Industries Bhd. | 4,840,600 | 1,282 |
| | CTOS Digital Bhd. | 4,154,300 | 1,239 |
| | United Plantations BHD | 398,500 | 1,201 |
| | Berjaya Sports Toto Bhd. | 2,817,340 | 1,081 |
| | UWC Bhd. | 1,315,500 | 1,034 |
| | Malaysia Building Society Bhd. | 8,234,300 | 1,027 |
| * | Bumi Armada Bhd. | 12,390,100 | 1,023 |
| * | Greatech Technology Bhd. | 1,450,400 | 1,002 |
| | AEON Credit Service M Bhd. | 354,700 | 974 |
| | Padini Holdings Bhd. | 1,330,200 | 952 |
| | Supermax Corporation Bhd. | 4,617,800 | 943 |
| | DRB-Hicom Bhd. | 3,156,427 | 895 |
| * | Berjaya Corp. Bhd. | 12,046,863 | 598 |
| * | Hong Seng Consolidated Bhd. | 12,118,400 | 563 |
| 2 | Lotte Chemical Titan Holding Bhd. | 1,843,705 | 511 |
| | Syarikat Takaful Malaysia Keluarga Bhd. | 717,300 | 501 |
| | Malaysian Resources Corp. Bhd. | 7,777,538 | 494 |
| * | Velesto Energy Bhd. | 18,647,080 | 475 |
| * | Leong Hup International Bhd. | 3,994,900 | 385 |
| | SP Setia Bhd. Group | 3,599,100 | 365 |
| | Cahya Mata Sarawak Bhd. | 1,862,300 | 331 |
| | WCT Holdings Bhd. | 2,548,151 | 197 |
| * | UEM Sunrise Bhd. | 4,211,200 | 183 |
| * | Sunway Bhd. Warrants Exp. 10/3/24 | 385,748 | 22 |
| | | Shares | Market
Value•
($000) |
| * | Velesto Energy Bhd. Warrants Exp. 10/18/24 | 2,470,020 | 16 |
| * | Malaysian Resources Corp. Bhd. Warrants Exp. 10/29/27 | 430,554 | 5 |
| * | Serba Dinamik Holdings Bhd. Warrants Exp. 12/5/24 | 878,820 | 2 |
| | | | 65,864 |
| Mexico (0.4%) |
| | Corp. Inmobiliaria Vesta SAB de CV | 2,259,742 | 4,911 |
| | PLA Administradora Industrial S de RL de CV | 3,175,413 | 4,449 |
| 2 | Macquarie Mexico Real Estate Management SA de CV | 2,928,502 | 3,895 |
| | Gentera SAB de CV | 3,508,025 | 3,605 |
| * | Alsea SAB de CV | 1,792,900 | 3,438 |
| | Bolsa Mexicana de Valores SAB de CV | 1,751,566 | 3,190 |
| | La Comer SAB de CV | 1,656,407 | 3,077 |
| | Genomma Lab Internacional SAB de CV Class B | 3,066,480 | 2,363 |
| *,2 | Nemak SAB de CV | 7,274,787 | 1,997 |
| *,2 | Grupo Traxion SAB de CV | 1,243,781 | 1,454 |
| | Grupo Rotoplas SAB de CV | 503,563 | 762 |
| * | Axtel SAB de CV | 4,677,908 | 328 |
| | | | 33,469 |
| Netherlands (1.0%) |
| | Arcadis NV | 263,905 | 8,956 |
| *,1 | Galapagos NV | 174,796 | 7,972 |
| | SBM Offshore NV | 550,688 | 7,453 |
| *,2 | Intertrust NV | 331,337 | 6,536 |
| | Corbion NV | 211,916 | 5,643 |
| * | Fugro NV | 396,858 | 5,155 |
| | TKH Group NV GDR | 145,742 | 5,154 |
| *,1,2 | Basic-Fit NV | 187,943 | 4,734 |
| | APERAM SA | 168,077 | 4,389 |
| | Eurocommercial Properties NV | 194,454 | 4,276 |
| *,2 | Alfen Beheer BV | 39,993 | 4,242 |
| | AMG Advanced Metallurgical Group NV | 118,923 | 3,716 |
| 2 | Flow Traders | 94,349 | 2,270 |
| 1 | PostNL NV | 1,424,229 | 2,230 |
| * | Koninklijke BAM Groep NV | 915,183 | 1,997 |
| * | TomTom NV | 252,202 | 1,971 |
| | Sligro Food Group NV | 127,438 | 1,849 |
| | Wereldhave NV | 137,172 | 1,680 |
| | Majorel Group Luxembourg SA | 77,171 | 1,580 |
| | NSI NV | 65,075 | 1,556 |
| | Vastned Retail NV | 58,458 | 1,187 |
| | Brunel International NV | 53,114 | 489 |
| *,1 | Ebusco Holding NV | 29,362 | 452 |
| 2 | B&S Group Sarl | 62,297 | 326 |
| *,3 | SNS Reaal | 96,364 | — |
| | | | 85,813 |
| New Zealand (0.6%) |
| | Chorus Ltd. | 1,614,761 | 7,796 |
| | Goodman Property Trust | 4,066,511 | 4,890 |
| | Summerset Group Holdings Ltd. | 860,870 | 4,844 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Freightways Ltd. | 613,012 | 3,683 |
| | Precinct Properties New Zealand Ltd. | 4,581,866 | 3,287 |
| 1 | Genesis Energy Ltd. | 1,815,846 | 2,986 |
| | Vital Healthcare Property Trust | 1,679,887 | 2,283 |
| | Vector Ltd. | 923,349 | 2,201 |
| | Skellerup Holdings Ltd. | 653,132 | 2,010 |
| | Argosy Property Ltd. | 2,877,228 | 1,983 |
| * | Pushpay Holdings Ltd. | 2,734,258 | 1,983 |
| | Arvida Group Ltd. | 2,638,869 | 1,932 |
| | Stride Property Group | 1,831,757 | 1,703 |
| | Heartland Group Holdings Ltd. | 1,563,135 | 1,553 |
| | KMD Brands Ltd. | 2,145,832 | 1,347 |
| | Oceania Healthcare Ltd. | 2,309,829 | 1,154 |
| * | Tourism Holdings Ltd. | 512,402 | 1,099 |
| | Scales Corp. Ltd. | 358,946 | 988 |
| * | Synlait Milk Ltd. | 446,695 | 809 |
| | SKY Network Television Ltd. | 585,806 | 739 |
| * | Serko Ltd. | 350,400 | 606 |
| * | Vista Group International Ltd. | 652,698 | 585 |
| * | Pacific Edge Ltd. | 2,330,729 | 582 |
| | Restaurant Brands New Zealand Ltd. | 97,735 | 406 |
| | | | 51,449 |
| Norway (1.4%) |
| | Storebrand ASA | 1,711,641 | 13,315 |
| | Bakkafrost P/F | 185,058 | 9,256 |
| | Subsea 7 SA | 833,249 | 8,313 |
| | SpareBank 1 SR-Bank ASA | 662,779 | 6,749 |
| *,1 | NEL ASA | 5,338,109 | 6,525 |
| | TGS ASA | 434,394 | 5,914 |
| | Frontline Ltd. | 449,080 | 5,612 |
| | SpareBank 1 SMN | 464,936 | 5,019 |
| | Borregaard ASA | 367,904 | 4,947 |
| | Atea ASA | 323,581 | 3,601 |
| 2 | Elkem ASA | 1,008,087 | 3,349 |
| | Veidekke ASA | 397,412 | 3,305 |
| | Aker Solutions ASA | 847,975 | 3,238 |
| | FLEX LNG Ltd. | 102,390 | 3,180 |
| 2 | Scatec ASA | 440,050 | 3,117 |
| | Wallenius Wilhelmsen ASA | 362,682 | 2,579 |
| | DNO ASA | 1,949,620 | 2,536 |
| * | Kahoot! ASA | 1,167,351 | 2,489 |
| *,2 | Crayon Group Holding ASA | 291,366 | 2,416 |
| | Austevoll Seafood ASA | 325,269 | 2,410 |
| 2 | BW LPG Ltd. | 282,177 | 2,283 |
| | Hafnia Ltd. | 436,812 | 2,250 |
| | Bonheur ASA | 73,932 | 2,104 |
| | MPC Container Ships ASA | 1,270,811 | 2,005 |
| | Stolt-Nielsen Ltd. | 82,200 | 1,971 |
| 2 | Entra ASA | 203,154 | 1,852 |
| | Grieg Seafood ASA | 204,778 | 1,418 |
| * | Aker Carbon Capture ASA | 1,208,109 | 1,359 |
| | Sparebank 1 Oestlandet | 109,075 | 1,179 |
| | BW Offshore Ltd. | 372,352 | 946 |
| * | Aker Horizons Holding ASA | 727,349 | 914 |
| | Arendals Fossekompani A/S | 39,107 | 894 |
| * | Hexagon Composites ASA | 372,527 | 856 |
| | | Shares | Market
Value•
($000) |
| * | Norway Royal Salmon ASA | 48,396 | 615 |
| * | BW Energy Ltd. | 227,245 | 573 |
| | | | 119,089 |
| Pakistan (0.1%) |
| * | Lucky Cement Ltd. | 819,896 | 1,805 |
| | Hub Power Co. Ltd. | 4,660,104 | 1,396 |
| | Engro Corp. Ltd. | 1,203,707 | 1,283 |
| | MCB Bank Ltd. | 1,860,210 | 1,026 |
| | Pakistan Oilfields Ltd. | 508,586 | 890 |
| | Pakistan State Oil Co. Ltd. | 1,297,746 | 826 |
| * | TRG Pakistan | 1,551,968 | 774 |
| | Engro Fertilizers Ltd. | 2,089,103 | 766 |
| | Millat Tractors Ltd. | 181,185 | 551 |
| | Searle Co. Ltd. | 1,478,655 | 500 |
| | Bank Alfalah Ltd. | 3,170,379 | 447 |
| | United Bank Ltd. | 845,938 | 411 |
| | Nishat Mills Ltd. | 556,805 | 154 |
| | National Bank of Pakistan | 310,500 | 36 |
| | | | 10,865 |
| Philippines (0.2%) |
| | Security Bank Corp. | 1,766,879 | 2,646 |
| | Wilcon Depot Inc. | 4,810,000 | 2,445 |
| | Robinsons Retail Holdings Inc. | 2,203,980 | 2,045 |
| | Robinson's Land Corp. | 7,295,297 | 1,877 |
| | Century Pacific Food Inc. | 3,302,900 | 1,357 |
| | Manila Water Co. Inc. | 4,341,285 | 1,226 |
| | AREIT Inc. | 2,236,100 | 1,200 |
| | RL Commercial REIT Inc. | 12,358,200 | 1,078 |
| | D&L Industries Inc. | 7,925,400 | 1,077 |
| | Nickel Asia Corp. | 9,826,874 | 823 |
| | First Gen Corp. | 1,848,087 | 497 |
| | Filinvest Land Inc. | 26,483,400 | 357 |
| * | Cebu Air Inc. | 519,080 | 325 |
| | Vista Land & Lifescapes Inc. | 4,390,298 | 131 |
| | | | 17,084 |
| Poland (0.5%) |
| 1 | CD Projekt SA | 233,712 | 6,210 |
| | KRUK SA | 63,331 | 3,688 |
| | Orange Polska SA | 2,636,536 | 3,324 |
| | Asseco Poland SA | 209,726 | 3,018 |
| * | PGE Polska Grupa Energetyczna SA | 2,583,435 | 2,945 |
| | Cyfrowy Polsat SA | 763,490 | 2,859 |
| * | mBank SA | 48,347 | 2,706 |
| *,1 | Alior Bank SA | 368,602 | 2,266 |
| * | Bank Millennium SA | 1,985,804 | 1,809 |
| | Bank Handlowy w Warszawie SA | 121,020 | 1,566 |
| *,1 | Jastrzebska Spolka Weglowa SA | 180,097 | 1,562 |
| * | Tauron Polska Energia SA | 3,702,507 | 1,502 |
| *,1 | CCC SA | 163,276 | 1,259 |
| * | Grupa Azoty SA | 152,994 | 1,048 |
| * | AmRest Holdings SE | 235,679 | 906 |
| * | Enea SA | 706,697 | 771 |
| * | Ciech SA | 82,917 | 581 |
| | Kernel Holding SA | 162,269 | 562 |
| | Warsaw Stock Exchange | 75,126 | 508 |
| *,3 | CAPITEA SA | 103,234 | 81 |
| | | | 39,171 |
| | | Shares | Market
Value•
($000) |
| Portugal (0.3%) |
| | Banco Comercial Portugues SA Class R | 28,543,164 | 4,067 |
| | REN - Redes Energeticas Nacionais SGPS SA | 1,427,205 | 3,694 |
| | Navigator Co. SA | 905,736 | 3,451 |
| | Sonae SGPS SA | 3,297,595 | 3,167 |
| | NOS SGPS SA | 704,396 | 2,759 |
| 1 | CTT-Correios de Portugal SA | 549,417 | 1,696 |
| * | Greenvolt-Energias Renovaveis SA | 216,068 | 1,660 |
| | Altri SGPS SA | 267,201 | 1,487 |
| | Corticeira Amorim SGPS SA | 119,968 | 1,159 |
| | Semapa-Sociedade de Investimento e Gestao | 49,025 | 623 |
| | | | 23,763 |
| Qatar (0.1%) |
| | Al Meera Consumer Goods Co. QSC | 361,902 | 1,740 |
| * | Gulf International Services QSC | 3,401,641 | 1,698 |
| | Medicare Group | 707,808 | 1,353 |
| | | | 4,791 |
| Romania (0.0%) |
| | Teraplast SA | 3,866,662 | 399 |
| Russia (0.0%) |
| *,3 | Mechel PJSC Preference Shares | 434,330 | — |
| 2,3 | Detsky Mir PJSC | 2,390,633 | — |
| 3 | OGK-2 PJSC | 54,519,850 | — |
| *,3 | TGC-1 PJSC | 2,060,900,000 | — |
| *,3 | Mechel PJSC | 477,169 | — |
| 3 | Rosseti Lenenergo PJSC Preference Shares | 305,131 | — |
| *,3 | LSR Group PJSC Class A | 66,793 | — |
| *,3 | ENEL RUSSIA PJSC | 24,682,000 | — |
| 3 | Samolet Group | 30,568 | — |
| 3 | Novorossiysk Commercial Sea Port PJSC | 16,380,500 | — |
| 3 | Bank St. Petersburg PJSC | 642,145 | — |
| 3 | IDGC of Centre and Volga Region PJSC | 236,900,000 | — |
| 3 | Cherkizovo Group PJSC | 13,969 | — |
| | | | — |
| Saudi Arabia (0.5%) |
| | Al Hammadi Co. for Development and Investment | 288,041 | 3,445 |
| | Aldrees Petroleum and Transport Services Co. | 131,207 | 2,533 |
| | Leejam Sports Co. JSC | 102,000 | 2,146 |
| | Jadwa REIT Saudi Fund | 601,231 | 2,095 |
| | Arabian Cement Co. | 192,884 | 1,929 |
| | Astra Industrial Group | 131,699 | 1,928 |
| | National Gas & Industrialization Co. | 133,708 | 1,910 |
| * | Saudi Real Estate Co. | 550,452 | 1,843 |
| | Arriyadh Development Co. | 323,773 | 1,748 |
| | Eastern Province Cement Co. | 143,559 | 1,690 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Saudi Ceramic Co. | 147,491 | 1,625 |
| | United International Transportation Co. | 125,377 | 1,526 |
| | National Medical Care Co. | 79,266 | 1,476 |
| | City Cement Co. | 254,398 | 1,375 |
| *,1 | National Agriculture Development Co. | 191,579 | 1,329 |
| * | Middle East Healthcare Co. | 149,659 | 1,287 |
| | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 177,466 | 1,251 |
| | Saudi Chemical Co. Holding | 153,343 | 1,198 |
| * | Saudi Public Transport Co. | 241,736 | 1,088 |
| | Bawan Co. | 106,912 | 1,068 |
| * | Aseer Trading Tourism & Manufacturing Co. | 311,090 | 1,051 |
| | Najran Cement Co. | 308,805 | 1,043 |
| | Northern Region Cement Co. | 324,699 | 1,013 |
| * | Methanol Chemicals Co. | 123,062 | 1,008 |
| * | Dur Hospitality Co. | 162,788 | 922 |
| * | Fawaz Abdulaziz Al Hokair & Co. | 171,223 | 788 |
| * | Herfy Food Services Co. | 70,644 | 737 |
| | Tabuk Cement Co. | 121,859 | 566 |
| * | Al Jouf Cement Co. | 169,563 | 522 |
| | Hail Cement Co. | 138,594 | 470 |
| * | Zamil Industrial Investment Co. | 92,227 | 439 |
| * | Mediterranean & Gulf Insurance & Reinsurance Co. | 154,570 | 398 |
| | | | 43,447 |
| Singapore (0.8%) |
| | Frasers Centrepoint Trust | 3,838,208 | 5,641 |
| | Keppel Infrastructure Trust | 13,029,146 | 4,876 |
| | ESR-REIT | 18,892,884 | 4,535 |
| | Parkway Life REIT | 1,397,281 | 3,947 |
| | Lendlease Global Commercial REIT | 6,667,619 | 3,300 |
| | Raffles Medical Group Ltd. | 3,459,584 | 3,251 |
| | Haw Par Corp. Ltd. | 472,700 | 3,156 |
| | CapitaLand China Trust | 3,928,899 | 2,692 |
| | CDL Hospitality Trusts | 3,171,642 | 2,599 |
| | SPH REIT | 4,393,200 | 2,529 |
| | Ascendas India Trust | 2,917,700 | 2,309 |
| | AEM Holdings Ltd. | 1,013,500 | 2,298 |
| | Manulife US REIT | 5,923,088 | 2,163 |
| | First Resources Ltd. | 1,898,529 | 1,995 |
| | Starhill Global REIT | 5,205,308 | 1,895 |
| | OUE Commercial REIT | 7,810,309 | 1,793 |
| | Sheng Siong Group Ltd. | 1,611,200 | 1,777 |
| | AIMS APAC REIT | 1,972,800 | 1,714 |
| | Cromwell European REIT | 1,077,840 | 1,672 |
| | Keppel Pacific Oak US REIT | 3,092,700 | 1,670 |
| | iFAST Corp. Ltd. | 529,800 | 1,518 |
| | Far East Hospitality Trust | 3,654,700 | 1,484 |
| | Digital Core REIT Management Private Ltd. | 2,506,600 | 1,253 |
| | Prime US REIT | 2,331,469 | 1,096 |
| | | Shares | Market
Value•
($000) |
| | Thomson Medical Group Ltd. | 19,788,100 | 1,076 |
| | UMS Holdings Ltd. | 1,697,700 | 1,074 |
| | Sabana Industrial REIT | 3,672,100 | 1,064 |
| | Hour Glass Ltd. | 761,200 | 1,049 |
| | Nanofilm Technologies International Ltd. | 642,000 | 790 |
| | Riverstone Holdings Ltd. | 1,877,000 | 715 |
| | First REIT | 3,903,172 | 663 |
| | Silverlake Axis Ltd. | 2,343,207 | 537 |
| | Bumitama Agri Ltd. | 925,300 | 388 |
| * | COSCO Shipping International Singapore Co. Ltd. | 3,208,700 | 367 |
| * | Yoma Strategic Holdings Ltd. | 4,687,430 | 275 |
| *,3 | Best World International Ltd. | 154,381 | 148 |
| *,1,3 | Ezra Holdings Ltd. | 4,500,399 | 35 |
| *,3 | Eagle Hospitality Trust | 2,004,300 | — |
| | | | 69,344 |
| South Africa (0.8%) |
| | Thungela Resources Ltd. | 449,195 | 7,061 |
| | Barloworld Ltd. | 658,450 | 3,685 |
| | Motus Holdings Ltd. | 539,365 | 3,405 |
| | Omnia Holdings Ltd. | 688,550 | 2,701 |
| | Hyprop Investments Ltd. | 1,305,209 | 2,632 |
| * | Fortress REIT Ltd. Class B | 11,177,083 | 2,575 |
| | Vukile Property Fund Ltd. | 3,326,314 | 2,439 |
| | Super Group Ltd. | 1,620,454 | 2,294 |
| | Equites Property Fund Ltd. | 2,621,910 | 2,241 |
| | KAP Industrial Holdings Ltd. | 8,506,545 | 2,139 |
| | AECI Ltd. | 403,932 | 2,032 |
| * | Telkom SA SOC Ltd. | 1,012,105 | 2,010 |
| | Ninety One Ltd. | 784,022 | 1,844 |
| | MAS Real Estate Inc. | 1,659,697 | 1,820 |
| | Advtech Ltd. | 1,813,847 | 1,759 |
| | JSE Ltd. | 305,311 | 1,687 |
| | DataTec Ltd. | 703,518 | 1,582 |
| *,1 | Steinhoff International Holdings NV | 15,349,777 | 1,579 |
| | Astral Foods Ltd. | 144,318 | 1,386 |
| | Coronation Fund Managers Ltd. | 767,259 | 1,370 |
| | Reunert Ltd. | 536,295 | 1,348 |
| * | Massmart Holdings Ltd. | 360,186 | 1,199 |
| | Investec Property Fund Ltd. | 2,118,501 | 1,179 |
| | Sun International Ltd. | 620,914 | 1,117 |
| | SA Corporate Real Estate Ltd. | 8,506,936 | 1,059 |
| | Tsogo Sun Gaming Ltd. | 1,672,033 | 1,048 |
| | DRDGOLD Ltd. | 1,830,127 | 945 |
| * | Wilson Bayly Holmes-Ovcon Ltd. | 177,953 | 935 |
| | Raubex Group Ltd. | 585,842 | 914 |
| | Attacq Ltd. | 2,449,091 | 910 |
| 1 | Curro Holdings Ltd. | 1,881,911 | 865 |
| | Cashbuild Ltd. | 72,253 | 755 |
| | Adcock Ingram Holdings Ltd. | 261,519 | 680 |
| | Emira Property Fund Ltd. | 1,147,647 | 657 |
| *,1 | Brait plc | 2,526,220 | 599 |
| | | Shares | Market
Value•
($000) |
| * | Blue Label Telecoms Ltd. | 1,834,502 | 515 |
| | Alexander Forbes Group Holdings Ltd. | 1,818,457 | 491 |
| | | | 63,457 |
| South Korea (3.9%) |
| 1 | Ecopro Co. Ltd. | 63,979 | 6,351 |
| *,1 | Hyundai Rotem Co. Ltd. | 260,312 | 4,442 |
| | Meritz Fire & Marine Insurance Co. Ltd. | 194,979 | 4,297 |
| 1 | JYP Entertainment Corp. | 104,821 | 4,075 |
| | DB HiTek Co. Ltd. | 131,119 | 4,059 |
| | Hansol Chemical Co. Ltd. | 30,977 | 4,023 |
| | Youngone Corp. | 115,869 | 3,841 |
| * | CosmoAM&T Co. Ltd. | 77,582 | 3,643 |
| 1 | LEENO Industrial Inc. | 34,484 | 3,304 |
| 1 | SM Entertainment Co. Ltd. | 66,298 | 3,302 |
| 1 | CS Wind Corp. | 73,963 | 3,047 |
| 1 | KIWOOM Securities Co. Ltd. | 49,563 | 2,804 |
| 1 | LIG Nex1 Co. Ltd. | 39,188 | 2,794 |
| | JB Financial Group Co. Ltd. | 527,867 | 2,658 |
| 1 | WONIK IPS Co. Ltd. | 135,120 | 2,601 |
| | Meritz Securities Co. Ltd. | 979,229 | 2,539 |
| *,1 | HLB Life Science Co. Ltd. | 293,954 | 2,498 |
| 1 | Hyosung Advanced Materials Corp. | 11,100 | 2,480 |
| | LS Electric Co. Ltd. | 63,077 | 2,431 |
| 1 | Soulbrain Co. Ltd. | 16,546 | 2,372 |
| 1 | Daejoo Electronic Materials Co. Ltd. | 37,457 | 2,356 |
| 1 | Dongjin Semichem Co. Ltd. | 111,354 | 2,343 |
| | LX International Corp. | 81,234 | 2,314 |
| | Daeduck Electronics Co. Ltd. | 130,982 | 2,255 |
| | Kolon Industries Inc. | 73,594 | 2,241 |
| 1 | Chunbo Co. Ltd. | 14,404 | 2,203 |
| | People & Technology Inc. | 68,018 | 2,197 |
| | SFA Engineering Corp. | 79,986 | 2,138 |
| *,1 | Doosan Fuel Cell Co. Ltd. | 109,241 | 2,085 |
| *,1 | Naturecell Co. Ltd. | 167,352 | 2,026 |
| | Hyosung TNC Corp. | 11,054 | 2,025 |
| | Daishin Securities Co. Ltd. | 204,104 | 1,997 |
| 1 | LX Semicon Co. Ltd. | 34,204 | 1,984 |
| 1 | Koh Young Technology Inc. | 235,153 | 1,967 |
| *,1 | KMW Co. Ltd. | 118,726 | 1,967 |
| 1 | Daewoong Pharmaceutical Co. Ltd. | 17,340 | 1,963 |
| *,1 | Hyundai Bioscience Co. Ltd. | 128,517 | 1,929 |
| * | STCUBE | 147,557 | 1,922 |
| 1 | ST Pharm Co. Ltd. | 32,631 | 1,904 |
| *,1 | Hugel Inc. | 24,029 | 1,882 |
| * | Hyundai Electric & Energy System Co. Ltd. | 77,538 | 1,867 |
| 1 | Com2uSCorp | 36,461 | 1,814 |
| *,1 | Chabiotech Co. Ltd. | 185,502 | 1,714 |
| | MegaStudyEdu Co. Ltd. | 28,244 | 1,697 |
| | Humasis Co. Ltd. | 115,052 | 1,690 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| 1 | Hanwha Systems Co. Ltd. | 213,834 | 1,673 |
| | Advanced Nano Products Co. Ltd. | 25,697 | 1,672 |
| 1 | Chong Kun Dang Pharmaceutical Corp. | 28,042 | 1,652 |
| | Samchully Co. Ltd. | 8,419 | 1,648 |
| 1 | BH Co. Ltd. | 97,020 | 1,637 |
| *,1 | LegoChem Biosciences Inc. | 68,124 | 1,620 |
| * | SOLUM Co. Ltd. | 132,157 | 1,597 |
| | Hyosung Corp. | 32,643 | 1,568 |
| 1 | KEPCO Engineering & Construction Co. Inc. | 45,024 | 1,567 |
| 1 | Dongkuk Steel Mill Co. Ltd. | 194,314 | 1,557 |
| | Foosung Co. Ltd. | 178,473 | 1,548 |
| 1 | SIMMTECH Co. Ltd. | 62,353 | 1,542 |
| | Hyundai Elevator Co. Ltd. | 86,482 | 1,528 |
| 1 | AfreecaTV Co. Ltd. | 27,415 | 1,526 |
| | Hanmi Semiconductor Co. Ltd. | 182,808 | 1,509 |
| 1 | Eo Technics Co. Ltd. | 33,027 | 1,508 |
| 1 | Huchems Fine Chemical Corp. | 102,832 | 1,501 |
| | Douzone Bizon Co. Ltd. | 69,933 | 1,495 |
| * | Pharmicell Co. Ltd. | 208,676 | 1,490 |
| * | Enchem Co. Ltd. | 28,053 | 1,462 |
| *,1 | Hana Tour Service Inc. | 41,798 | 1,461 |
| * | Bioneer Corp. | 77,925 | 1,453 |
| | Korean Reinsurance Co. | 281,109 | 1,449 |
| | Hyundai Autoever Corp. | 17,258 | 1,431 |
| | Ecopro HN Co. Ltd. | 39,145 | 1,415 |
| * | Creative & Innovative System | 154,863 | 1,415 |
| * | Hanall Biopharma Co. Ltd. | 141,915 | 1,410 |
| | HK inno N Corp. | 54,569 | 1,389 |
| | Hyundai Construction Equipment Co. Ltd. | 45,482 | 1,370 |
| | Innocean Worldwide Inc. | 48,321 | 1,361 |
| *,1 | ABLBio Inc. | 95,206 | 1,335 |
| | NICE Information Service Co. Ltd. | 144,592 | 1,317 |
| | Shinhan Alpha REIT Co. Ltd. | 258,835 | 1,317 |
| * | GeneOne Life Science Inc. | 252,996 | 1,310 |
| *,1 | Taihan Electric Wire Co. Ltd. | 1,243,971 | 1,307 |
| | ESR Kendall Square REIT Co. Ltd. | 515,539 | 1,288 |
| | Park Systems Corp. | 16,737 | 1,286 |
| | Kolmar Korea Co. Ltd. | 53,096 | 1,274 |
| | Poongsan Corp. | 67,837 | 1,241 |
| 1 | Seoul Semiconductor Co. Ltd. | 164,714 | 1,206 |
| | JR Global REIT | 407,952 | 1,206 |
| 1 | YG Entertainment Inc. | 40,142 | 1,201 |
| * | Myoung Shin Industrial Co. Ltd. | 99,468 | 1,201 |
| | Dentium Co. Ltd. | 22,147 | 1,184 |
| 1 | DongKook Pharmaceutical Co. Ltd. | 107,222 | 1,180 |
| * | Genexine Inc. | 75,245 | 1,180 |
| *,1 | Kumho Tire Co. Inc. | 543,922 | 1,176 |
| *,1 | GemVax & Kael Co. Ltd. | 131,691 | 1,144 |
| | | Shares | Market
Value•
($000) |
| *,1 | Sam Chun Dang Pharm Co. Ltd. | 53,123 | 1,137 |
| | Daou Technology Inc. | 88,954 | 1,129 |
| *,1 | Oscotec Inc. | 88,444 | 1,128 |
| | LOTTE REIT Co. Ltd. | 447,337 | 1,127 |
| 1 | Taekwang Industrial Co. Ltd. | 2,276 | 1,122 |
| * | Studio Dragon Corp. | 23,277 | 1,115 |
| | Dawonsys Co. Ltd. | 92,523 | 1,108 |
| *,1 | NKMax Co. Ltd. | 116,441 | 1,091 |
| | Green Cross Holdings Corp. | 89,255 | 1,085 |
| 1 | Doosan Co. Ltd. | 19,953 | 1,081 |
| * | CJ CGV Co. Ltd. | 113,493 | 1,073 |
| * | Neowiz | 42,069 | 1,063 |
| 1 | SL Corp. | 49,368 | 1,062 |
| * | SAM KANG M&T Co. Ltd. | 74,318 | 1,054 |
| * | HLB Therapeutics Co. Ltd. | 111,045 | 1,053 |
| 1 | Daewoong Co. Ltd. | 72,559 | 1,050 |
| *,1 | Duk San Neolux Co. Ltd. | 38,777 | 1,042 |
| | Hyundai Greenfood Co. Ltd. | 225,953 | 1,031 |
| 1 | DoubleUGames Co. Ltd. | 30,675 | 1,031 |
| | IS Dongseo Co. Ltd. | 46,175 | 1,020 |
| 1 | Cosmax Inc. | 31,688 | 1,017 |
| | Intellian Technologies Inc. | 23,227 | 1,016 |
| | PharmaResearch Co. Ltd. | 23,518 | 1,013 |
| 1 | PI Advanced Materials Co. Ltd. | 48,541 | 1,008 |
| | HAESUNG DS Co. Ltd. | 37,801 | 1,005 |
| * | NEPES Corp. | 78,189 | 999 |
| | Korea Petrochemical Ind Co. Ltd. | 12,024 | 997 |
| 1 | RFHIC Corp. | 67,588 | 996 |
| | Hyundai Home Shopping Network Corp. | 31,675 | 995 |
| | Tokai Carbon Korea Co. Ltd. | 13,998 | 995 |
| | Youlchon Chemical Co. Ltd. | 43,156 | 987 |
| * | Amicogen Inc. | 73,746 | 982 |
| 1 | Posco ICT Co. Ltd. | 242,051 | 972 |
| 1 | Innox Advanced Materials Co. Ltd. | 50,248 | 962 |
| | SK REIT Co. Ltd. | 307,816 | 960 |
| | Medytox Inc. | 12,904 | 951 |
| | Ahnlab Inc. | 21,444 | 937 |
| * | Eubiologics Co. Ltd. | 128,626 | 936 |
| | Jusung Engineering Co. Ltd. | 116,480 | 933 |
| * | Eoflow Co. Ltd. | 82,704 | 932 |
| * | Vaxcell-Bio Therapeutics Co. Ltd. | 36,514 | 927 |
| | GC Cell Corp. | 28,572 | 904 |
| *,1 | MedPacto Inc. | 55,851 | 902 |
| 1 | S&S Tech Corp. | 51,794 | 901 |
| * | LX Holdings Corp. | 146,966 | 895 |
| * | Asiana Airlines Inc. | 121,767 | 883 |
| | Korea Electric Terminal Co. Ltd. | 24,245 | 881 |
| | Handsome Co. Ltd. | 49,758 | 875 |
| 1 | SK Discovery Co. Ltd. | 42,004 | 875 |
| *,1 | Helixmith Co. Ltd. | 98,875 | 866 |
| * | Wysiwyg Studios Co. Ltd. | 81,578 | 865 |
| | TK Corp. | 74,663 | 857 |
| | | Shares | Market
Value•
($000) |
| * | Hana Micron Inc. | 130,994 | 857 |
| * | Hyosung Heavy Industries Corp. | 21,024 | 845 |
| | Han Kuk Carbon Co. | 108,255 | 841 |
| *,1 | NHN KCP Corp. | 95,298 | 837 |
| 1 | Hankook & Co. Co. Ltd. | 92,671 | 835 |
| | Samyang Holdings Corp. | 19,246 | 835 |
| 1 | Harim Holdings Co. Ltd. | 169,108 | 834 |
| 1 | Partron Co. Ltd. | 143,341 | 824 |
| 3 | Unid Co. Ltd. | 15,264 | 824 |
| * | SFA Semicon Co. Ltd. | 272,456 | 823 |
| | Lutronic Corp. | 64,805 | 823 |
| 1 | Tesna Inc. | 43,910 | 821 |
| | Daesang Corp. | 55,838 | 820 |
| | Young Poong Corp. | 1,847 | 816 |
| * | TY Holdings Co. Ltd. | 109,293 | 808 |
| 1 | Youngone Holdings Co. Ltd. | 20,975 | 796 |
| | GOLFZON Co. Ltd. | 9,827 | 794 |
| * | Next Science Co. Ltd. | 142,176 | 794 |
| | KCC Glass Corp. | 29,250 | 793 |
| *,1 | Cellivery Therapeutics Inc. | 90,702 | 790 |
| | Hanjin Transportation Co. Ltd. | 58,263 | 789 |
| * | Danal Co. Ltd. | 190,982 | 774 |
| 1 | L&C Bio Co. Ltd. | 48,115 | 757 |
| | i-SENS Inc. | 30,977 | 751 |
| | Eugene Technology Co. Ltd. | 49,569 | 748 |
| | Mcnex Co. Ltd. | 38,455 | 739 |
| | INTOPS Co. Ltd. | 37,767 | 737 |
| | Sebang Global Battery Co. Ltd. | 26,911 | 735 |
| *,1 | iNtRON Biotechnology Inc. | 118,350 | 733 |
| *,1 | Lotte Tour Development Co. Ltd. | 114,177 | 722 |
| | Songwon Industrial Co. Ltd. | 59,532 | 719 |
| *,1 | Binex Co. Ltd. | 91,844 | 717 |
| | Bukwang Pharmaceutical Co. Ltd. | 134,499 | 712 |
| 1 | Shinsegae International Inc. | 42,245 | 697 |
| | SK Gas Ltd. | 8,613 | 689 |
| | Dong-A Socio Holdings Co. Ltd. | 9,560 | 684 |
| | HDC Hyundai Development Co-Engineering & Construction Class E | 97,638 | 684 |
| | Dongwon Industries Co. Ltd. | 4,119 | 665 |
| | Lotte Rental Co. Ltd. | 32,073 | 665 |
| | Zinus Inc. | 30,200 | 663 |
| | Hanwha Investment & Securities Co. Ltd. | 383,737 | 661 |
| | JW Pharmaceutical Corp. | 50,117 | 658 |
| * | Shinsung E&G Co. Ltd. | 491,246 | 651 |
| | Vieworks Co. Ltd. | 26,371 | 640 |
| *,1 | Hancom Inc. | 69,354 | 636 |
| * | BNC Korea Co. Ltd. | 170,404 | 633 |
| * | Korea Line Corp. | 455,846 | 629 |
| 1 | NICE Holdings Co. Ltd. | 72,461 | ��� 628 |
| | Boryung Pharmaceutical Co. Ltd. | 84,761 | 624 |
| | SNT Motiv Co. Ltd. | 19,992 | 619 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | SK Securities Co. Ltd. | 1,337,369 | 615 |
| | Seojin System Co. Ltd. | 59,562 | 613 |
| * | Hanwha General Insurance Co. Ltd. | 235,537 | 608 |
| * | Yungjin Pharmaceutical Co. Ltd. | 316,309 | 603 |
| | Lotte Confectionery Co. Ltd. | 6,602 | 602 |
| | Samwha Capacitor Co. Ltd. | 26,759 | 601 |
| | Orion Holdings Corp. | 59,754 | 599 |
| | Sangsangin Co. Ltd. | 129,559 | 588 |
| | Korea Asset In Trust Co. Ltd. | 288,833 | 588 |
| *,1 | Komipharm International Co. Ltd. | 116,807 | 587 |
| * | Webzen Inc. | 55,962 | 586 |
| | Dong-A ST Co. Ltd. | 15,223 | 582 |
| | Hansae Co. Ltd. | 56,311 | 582 |
| *,1 | Ananti Inc. | 154,821 | 574 |
| | Sung Kwang Bend Co. Ltd. | 58,703 | 572 |
| *,1 | CMG Pharmaceutical Co. Ltd. | 383,090 | 570 |
| * | AbClon Inc. | 50,930 | 567 |
| *,1 | Mezzion Pharma Co. Ltd. | 61,131 | 561 |
| 1 | TES Co. Ltd. | 49,761 | 554 |
| | Ilyang Pharmaceutical Co. Ltd. | 44,081 | 549 |
| * | Sambu Engineering & Construction Co. Ltd. | 565,614 | 541 |
| * | HJ Shipbuilding & Construction Co. Ltd. | 219,677 | 540 |
| * | Hyosung Chemical Corp. | 7,601 | 540 |
| *,1 | Kuk-il Paper Manufacturing Co. Ltd. | 305,865 | 537 |
| | HDC Holdings Co. Ltd. | 136,690 | 524 |
| | Nature Holdings Co. Ltd. | 27,859 | 524 |
| | Korea Real Estate Investment & Trust Co. Ltd. | 546,836 | 523 |
| *,1 | Medipost Co. Ltd. | 51,638 | 521 |
| * | Com2uS Holdings Corp. | 17,138 | 518 |
| | Nexen Tire Corp. | 93,392 | 505 |
| * | Modetour Network Inc. | 47,716 | 503 |
| *,1 | Grand Korea Leisure Co. Ltd. | 50,231 | 500 |
| | LF Corp. | 47,710 | 497 |
| *,1 | CrystalGenomics Inc. | 207,711 | 496 |
| *,1 | Insun ENT Co. Ltd. | 77,948 | 490 |
| * | DIO Corp. | 35,057 | 488 |
| | Hankook Shell Oil Co. Ltd. | 2,786 | 487 |
| | iMarketKorea Inc. | 67,204 | 486 |
| 1 | KUMHOE&C Co. Ltd. | 113,346 | 481 |
| 1 | OptoElectronics Solutions Co. Ltd. | 42,683 | 474 |
| * | Giantstep Inc. | 39,469 | 473 |
| * | OliX Pharmaceuticals Inc. | 33,958 | 471 |
| 1 | Hanil Cement Co. Ltd. | 59,370 | 470 |
| | Daea TI Co. Ltd. | 234,869 | 469 |
| 1 | Korea United Pharm Inc. | 28,052 | 468 |
| | ENF Technology Co. Ltd. | 29,094 | 466 |
| | Tongyang Inc. | 667,833 | 464 |
| | | Shares | Market
Value•
($000) |
| 1 | Sungwoo Hitech Co. Ltd. | 127,257 | 462 |
| | Yuanta Securities Korea Co. Ltd. | 263,543 | 444 |
| 1 | InBody Co. Ltd. | 30,586 | 440 |
| * | Solid Inc. | 146,704 | 435 |
| * | UniTest Inc. | 48,683 | 435 |
| | Halla Holdings Corp. | 19,666 | 434 |
| | Namyang Dairy Products Co. Ltd. | 1,683 | 429 |
| 1 | KH Vatec Co. Ltd. | 50,386 | 428 |
| | Huons Co. Ltd. | 19,429 | 426 |
| | Hansol Paper Co. Ltd. | 43,926 | 420 |
| | Namhae Chemical Corp. | 64,980 | 416 |
| | Samyang Corp. | 15,975 | 416 |
| | Seah Besteel Corp. | 35,155 | 413 |
| | Gradiant Corp. | 41,274 | 395 |
| | LX Hausys Ltd. | 17,333 | 391 |
| | KISWIRE Ltd. | 30,974 | 390 |
| *,1 | Samsung Pharmaceutical Co. Ltd. | 202,583 | 386 |
| | KT Skylife Co. Ltd. | 67,335 | 386 |
| * | Inscobee Inc. | 354,014 | 380 |
| | Binggrae Co. Ltd. | 14,447 | 378 |
| | Advanced Process Systems Corp. | 31,225 | 377 |
| 1 | ITM Semiconductor Co. Ltd. | 18,203 | 375 |
| 1 | Eusu Holdings Co. Ltd. | 75,588 | 366 |
| | Mirae Asset Life Insurance Co. Ltd. | 196,948 | 366 |
| | Kolon Corp. | 23,081 | 365 |
| | Seobu T&D | 74,449 | 350 |
| | Kwang Dong Pharmaceutical Co. Ltd. | 83,083 | 344 |
| | KC Co. Ltd. | 31,238 | 339 |
| | KTB Investment & Securities Co. Ltd. | 154,806 | 336 |
| | Tongyang Life Insurance Co. Ltd. | 92,674 | 333 |
| * | Peptron Inc. | 59,471 | 331 |
| | E1 Corp. | 10,695 | 321 |
| | HS Industries Co. Ltd. | 121,990 | 321 |
| * | Dongsung Pharmaceutical Co. Ltd. | 66,487 | 313 |
| * | Cellid Co. Ltd. | 29,914 | 313 |
| | SPC Samlip Co. Ltd. | 6,279 | 310 |
| | Chongkundang Holdings Corp. | 8,288 | 305 |
| *,1 | Eutilex Co. Ltd. | 59,166 | 302 |
| 1 | Cuckoo Homesys Co. Ltd. | 14,684 | 296 |
| | Jeil Pharmaceutical Co. Ltd. | 23,196 | 290 |
| | Hyundai Corp. | 25,414 | 289 |
| | Humedix Co. Ltd. | 19,600 | 289 |
| | CJ Freshway Corp. | 12,744 | 285 |
| | LG HelloVision Co. Ltd. | 89,011 | 283 |
| * | Homecast Co. Ltd. | 97,786 | 282 |
| *,1 | KH Feelux Co. Ltd. | 411,461 | 281 |
| | Dongwon F&B Co. Ltd. | 3,059 | 277 |
| | Maeil Dairies Co. Ltd. | 8,362 | 276 |
| * | Namsun Aluminum Co. Ltd. | 189,182 | 276 |
| | KC Tech Co. Ltd. | 25,990 | 275 |
| 1 | Soulbrain Holdings Co. Ltd. | 16,872 | 273 |
| | Hyundai Bioland Co. Ltd. | 29,899 | 254 |
| | | Shares | Market
Value•
($000) |
| | Eugene Investment & Securities Co. Ltd. | 155,434 | 250 |
| * | Wonik Holdings Co. Ltd. | 104,194 | 243 |
| * | Hansol Technics Co. Ltd. | 66,760 | 243 |
| | LOTTE Himart Co. Ltd. | 26,231 | 243 |
| 1 | Woongjin Thinkbig Co. Ltd. | 152,463 | 243 |
| | KISCO Corp. | 59,444 | 243 |
| | Daeduck Co. Ltd. | 56,872 | 241 |
| | Toptec Co. Ltd. | 50,666 | 240 |
| | Sindoh Co. Ltd. | 10,491 | 237 |
| | Dae Han Flour Mills Co. Ltd. | 2,609 | 236 |
| | Huons Global Co. Ltd. | 18,780 | 233 |
| * | Enzychem Lifesciences Corp. | 171,227 | 229 |
| * | Aprogen pharmaceuticals Inc. | 579,812 | 225 |
| | Hanil Holdings Co. Ltd. | 30,794 | 218 |
| | Cuckoo Holdings Co. Ltd. | 18,165 | 207 |
| | Hansol Holdings Co. Ltd. | 93,150 | 206 |
| * | Interflex Co. Ltd. | 28,626 | 205 |
| | BGF Co. Ltd. | 88,189 | 202 |
| | ICD Co. Ltd. | 33,810 | 201 |
| | DB Financial Investment Co. Ltd. | 68,332 | 193 |
| | Sam Young Electronics Co. Ltd. | 27,627 | 190 |
| | Kyobo Securities Co. Ltd. | 50,102 | 183 |
| | Lock&Lock Co. Ltd. | 42,729 | 183 |
| *,1 | Telcon RF Pharmaceutical Inc. | 240,257 | 178 |
| | Kolmar Korea Holdings Co. Ltd. | 18,175 | 176 |
| * | CUROCOM Co. Ltd. | 299,868 | 168 |
| | Daishin Securities Co. Ltd. Preference Shares | 17,529 | 162 |
| | Taeyoung Engineering & Construction Co. Ltd. | 53,202 | 157 |
| | Byucksan Corp. | 112,419 | 153 |
| * | Cafe24 Corp. | 20,750 | 147 |
| | Hyundai Livart Furniture Co. Ltd. | 23,620 | 139 |
| * | Able C&C Co. Ltd. | 41,281 | 127 |
| * | Ace Technologies Corp. | 28,633 | 99 |
| | Aekyung Industrial Co. Ltd. | 10,505 | 81 |
| * | Osteogenic Core Technologies Rights Exp. 11/8/22 | 17,974 | 44 |
| * | Anterogen Co. Ltd. | 574 | 6 |
| | | | 325,028 |
| Spain (1.3%) |
| | Banco de Sabadell SA | 20,430,496 | 16,075 |
| | Viscofan SA | 141,912 | 8,450 |
| | Acerinox SA | 753,587 | 6,604 |
| | CIE Automotive SA | 204,062 | 5,198 |
| | Grupo Catalana Occidente SA | 184,383 | 5,008 |
| | Cia de Distribucion Integral Logista Holdings SA | 222,471 | 4,601 |
| | Vidrala SA | 59,176 | 4,523 |
| | Faes Farma SA | 1,107,766 | 4,181 |
| | Ebro Foods SA | 267,060 | 4,164 |
| 2 | Unicaja Banco SA | 4,542,684 | 4,027 |
| | Indra Sistemas SA | 445,348 | 3,983 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Sacyr SA (XMAD) | 1,457,698 | 3,576 |
| | Laboratorios Farmaceuticos Rovi SA | 77,608 | 3,530 |
| * | Solaria Energia y Medio Ambiente SA | 221,787 | 3,508 |
| | Applus Services SA | 537,001 | 3,171 |
| | Pharma Mar SA | 51,465 | 3,084 |
| | Almirall SA | 269,090 | 2,507 |
| | Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 2,441,963 | 2,289 |
| | Corp. Financiera Alba SA | 51,464 | 2,288 |
| 2 | Gestamp Automocion SA | 574,942 | 2,025 |
| | Construcciones y Auxiliar de Ferrocarriles SA | 68,667 | 1,793 |
| * | Melia Hotels International SA | 375,208 | 1,744 |
| | Ence Energia y Celulosa SA | 479,048 | 1,641 |
| 2 | Global Dominion Access SA | 404,732 | 1,485 |
| | Prosegur Cia de Seguridad SA | 793,011 | 1,477 |
| 2 | Neinor Homes SA | 154,864 | 1,238 |
| | Fomento de Construcciones y Contratas SA | 139,835 | 1,165 |
| *,1 | Tecnicas Reunidas SA | 128,578 | 918 |
| 2 | Aedas Homes SA | 67,761 | 879 |
| | Atresmedia Corp. de Medios de Comunicacion SA | 293,153 | 846 |
| 2 | Prosegur Cash SA | 1,197,502 | 722 |
| | Lar Espana Real Estate Socimi SA | 183,405 | 715 |
| * | Distribuidora Internacional de Alimentacion SA | 56,097,194 | 681 |
| * | Mediaset Espana Comunicacion SA | 187,825 | 584 |
| *,1 | NH Hotel Group SA (XMAD) | 69,008 | 184 |
| *,1,3 | Let's Gowex SA | 31,105 | — |
| | | | 108,864 |
| Sweden (3.7%) |
| | BillerudKorsnas AB | 770,156 | 9,942 |
| | Hexatronic Group AB | 724,272 | 9,802 |
| | AAK AB | 625,760 | 9,122 |
| | Avanza Bank Holding AB | 456,343 | 9,103 |
| | Hexpol AB | 906,295 | 8,945 |
| | SSAB AB Class B | 1,838,749 | 8,544 |
| | AddTech AB Class B | 682,553 | 8,247 |
| | Loomis AB Class B | 273,035 | 7,645 |
| | Nordnet AB publ | 611,084 | 7,570 |
| 2 | Thule Group AB | 374,943 | 7,387 |
| 2 | Bravida Holding AB | 760,494 | 7,125 |
| | SSAB AB Class A | 1,425,623 | 6,857 |
| 2 | Dometic Group AB | 1,190,639 | 6,817 |
| | Fabege AB | 936,487 | 6,799 |
| | Elekta AB Class B | 1,273,952 | 6,475 |
| | Sectra AB | 478,632 | 6,345 |
| | Wihlborgs Fastigheter AB | 942,939 | 6,177 |
| | Lagercrantz Group AB Class B | 712,941 | 6,107 |
| *,2 | Sinch AB | 2,178,857 | 5,116 |
| * | Nordic Entertainment Group AB Class B | 274,801 | 5,017 |
| | AFRY AB | 361,005 | 4,848 |
| | | Shares | Market
Value•
($000) |
| | Hufvudstaden AB Class A | 382,057 | 4,553 |
| | Wallenstam AB Class B | 1,195,859 | 4,219 |
| 1 | Samhallsbyggnadsbolaget i Norden AB Class D | 2,555,961 | 4,203 |
| * | Pandox AB Class B | 342,018 | 4,188 |
| | Biotage AB | 250,258 | 4,108 |
| | Mycronic AB | 254,948 | 4,001 |
| | JM AB | 262,593 | 3,954 |
| | Bure Equity AB | 202,927 | 3,916 |
| | Nyfosa AB | 645,671 | 3,859 |
| | Storskogen Group AB Class B | 5,233,973 | 3,822 |
| | Peab AB Class B | 718,575 | 3,728 |
| | AddLife AB Class B | 398,605 | 3,726 |
| | Catena AB | 108,929 | 3,699 |
| | AddNode Group AB | 424,845 | 3,696 |
| | Intrum AB | 276,763 | 3,482 |
| | Instalco AB | 838,133 | 3,362 |
| | Arjo AB Class B | 828,532 | 3,305 |
| | Vitec Software Group AB Class B | 89,750 | 3,293 |
| | Betsson AB Class B | 445,588 | 3,240 |
| | Modern Times Group MTG AB Shares B | 429,633 | 3,221 |
| * | Stillfront Group AB | 1,651,929 | 3,215 |
| | Electrolux Professional AB Class B | 838,086 | 3,164 |
| 2 | Munters Group AB | 388,771 | 3,033 |
| | NCC AB Class B | 342,942 | 2,858 |
| | Nolato AB Class B | 677,409 | 2,857 |
| | Ratos AB Class B | 758,755 | 2,840 |
| | Bilia AB Class A | 267,055 | 2,829 |
| | Granges AB | 396,048 | 2,676 |
| | Hemnet Group AB | 214,649 | 2,667 |
| | Mips AB | 81,154 | 2,625 |
| * | Truecaller AB Class B | 713,834 | 2,613 |
| | Medicover AB Class B | 210,738 | 2,610 |
| | HMS Networks AB | 101,301 | 2,606 |
| | Lindab International AB | 243,742 | 2,593 |
| | Cibus Nordic Real Estate AB | 169,758 | 2,319 |
| | Concentric AB | 138,968 | 2,302 |
| | Atrium Ljungberg AB Class B | 166,254 | 2,223 |
| | Dios Fastigheter AB | 329,376 | 2,163 |
| | Beijer Alma AB | 151,600 | 2,120 |
| * | Cint Group AB | 399,883 | 2,106 |
| * | Sdiptech AB Class B | 102,331 | 1,973 |
| | Bufab AB | 102,366 | 1,935 |
| | Troax Group AB | 118,542 | 1,759 |
| * | Camurus AB | 75,213 | 1,745 |
| | INVISIO AB | 114,736 | 1,703 |
| *,1,2 | Boozt AB | 216,702 | 1,580 |
| | NP3 Fastigheter AB | 96,897 | 1,540 |
| | Corem Property Group AB Class B | 2,339,972 | 1,457 |
| *,1,2 | Scandic Hotels Group AB | 455,948 | 1,446 |
| | Cloetta AB Class B | 780,193 | 1,426 |
| | SkiStar AB | 144,107 | 1,379 |
| | Systemair AB | 257,490 | 1,362 |
| | Mekonomen AB | 141,608 | 1,338 |
| | Platzer Fastigheter Holding AB Class B | 197,599 | 1,225 |
| 2 | Resurs Holding AB | 560,084 | 1,217 |
| | Investment AB Oresund | 109,365 | 1,135 |
| | Fagerhult AB | 269,618 | 1,075 |
| | Bonava AB Class B | 358,403 | 1,048 |
| | Clas Ohlson AB Class B | 151,490 | 1,012 |
| | | Shares | Market
Value•
($000) |
| *,2 | Attendo AB | 445,597 | 920 |
| | Corem Property Group AB Preference Shares | 42,814 | 838 |
| | Nobia AB | 473,587 | 789 |
| *,1 | BICO Group AB Class B | 185,965 | 713 |
| | Volati AB | 76,267 | 698 |
| * | Collector Bank AB | 278,993 | 682 |
| * | BHG Group AB | 270,575 | 453 |
| 1 | NCC AB Class A | 15,132 | 162 |
| *,3 | Ow Bunker A/S | 24,023 | — |
| | | | 314,594 |
| Switzerland (2.8%) |
| 2 | Galenica AG | 174,896 | 12,566 |
| | Siegfried Holding AG (Registered) | 14,807 | 8,814 |
| | Bucher Industries AG (Registered) | 23,470 | 7,913 |
| | Allreal Holding AG (Registered) | 53,592 | 7,677 |
| | Cembra Money Bank AG | 105,517 | 7,652 |
| * | Dufry AG (Registered) | 225,287 | 7,432 |
| *,1 | Idorsia Ltd. | 465,850 | 7,212 |
| | Mobimo Holding AG (Registered) | 25,583 | 5,967 |
| | Inficon Holding AG (Registered) | 7,340 | 5,836 |
| | Vontobel Holding AG (Registered) | 101,825 | 5,730 |
| | Valiant Holding AG (Registered) | 57,551 | 5,637 |
| 1 | Stadler Rail AG | 191,455 | 5,634 |
| | Huber + Suhner AG (Registered) | 63,230 | 5,632 |
| | SFS Group AG | 60,480 | 5,469 |
| | Landis+Gyr Group AG | 93,863 | 5,409 |
| * | ams-OSRAM AG | 853,486 | 4,831 |
| | Burckhardt Compression Holding AG | 11,086 | 4,796 |
| | Daetwyler Holding AG (Bearer) | 26,722 | 4,742 |
| | St. Galler Kantonalbank AG (Registered) | 9,887 | 4,655 |
| *,1 | Meyer Burger Technology AG | 9,601,929 | 4,600 |
| | Softwareone Holding AG | 394,759 | 4,443 |
| | Comet Holding AG (Registered) | 27,850 | 4,434 |
| | OC Oerlikon Corp. AG (Registered) | 685,569 | 4,428 |
| | Forbo Holding AG (Registered) | 3,532 | 4,276 |
| | Interroll Holding AG (Registered) | 1,990 | 4,192 |
| | Sulzer AG (Registered) | 61,470 | 4,100 |
| * | Dottikon Es Holding AG (Registered) | 16,249 | 3,770 |
| | Swissquote Group Holding SA (Registered) | 31,199 | 3,696 |
| * | Aryzta AG | 3,509,163 | 3,597 |
| *,2 | Sensirion Holding AG | 38,708 | 3,522 |
| | Kardex Holding AG (Registered) | 22,384 | 3,423 |
| | dormakaba Holding AG | 10,741 | 3,409 |
| | VZ Holding AG | 48,975 | 3,378 |
| | Komax Holding AG (Registered) | 13,303 | 3,122 |
| | LEM Holding SA (Registered) | 1,689 | 2,812 |
| | Bystronic AG | 4,790 | 2,751 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Intershop Holding AG | 4,376 | 2,661 |
| | u-blox Holding AG | 24,326 | 2,491 |
| | Schweiter Technologies AG (Bearer) | 3,545 | 2,375 |
| | EFG International AG | 286,125 | 2,342 |
| | SKAN Group AG | 38,155 | 2,314 |
| | Zehnder Group AG | 39,614 | 2,133 |
| | COSMO Pharmaceuticals NV | 36,242 | 2,117 |
| *,1 | Basilea Pharmaceutica AG (Registered) | 45,650 | 2,100 |
| * | Implenia AG (Registered) | 53,654 | 2,014 |
| | Bossard Holding AG (Registered) Class A | 10,109 | 2,007 |
| 2 | Medacta Group SA | 20,747 | 1,866 |
| | Ypsomed Holding AG (Registered) | 11,442 | 1,840 |
| | Bell Food Group AG (Registered) | 7,287 | 1,777 |
| | Arbonia AG | 144,505 | 1,756 |
| 2 | PolyPeptide Group AG | 56,543 | 1,644 |
| | ALSO Holding AG (Registered) | 9,962 | 1,566 |
| | Leonteq AG | 38,512 | 1,554 |
| 2 | Medmix AG | 84,452 | 1,487 |
| | TX Group AG | 9,779 | 1,359 |
| | Vetropack Holding AG Class A (Registered) | 41,360 | 1,322 |
| *,2 | Medartis Holding AG | 16,684 | 1,296 |
| | Hiag Immobilien Holding AG | 13,143 | 1,058 |
| | Autoneum Holding AG | 10,444 | 999 |
| *,2 | Montana Aerospace AG | 75,878 | 870 |
| | Rieter Holding AG (Registered) | 9,566 | 797 |
| * | Zur Rose Group AG | 25,940 | 701 |
| | Bobst Group SA (Registered) | 10,589 | 651 |
| * | Swiss Steel Holding AG | 2,492,596 | 561 |
| | VP Bank AG Class A | 6,295 | 546 |
| | APG SGA SA | 2,801 | 457 |
| | | | 234,218 |
| Taiwan (6.9%) |
| | Chroma ATE Inc. | 1,446,040 | 7,895 |
| * | Tatung Co. Ltd. | 8,055,584 | 7,811 |
| | WPG Holdings Ltd. | 5,399,137 | 7,351 |
| | TA Chen Stainless Pipe | 5,723,072 | 6,687 |
| | Lotes Co. Ltd. | 258,703 | 6,209 |
| | Macronix International Co. Ltd. | 6,579,386 | 6,062 |
| | Highwealth Construction Corp. | 4,604,289 | 5,917 |
| | Sinbon Electronics Co. Ltd. | 746,066 | 5,794 |
| | Lien Hwa Industrial Holdings Corp. | 3,912,681 | 5,642 |
| | Phison Electronics Corp. | 594,962 | 5,437 |
| | Compeq Manufacturing Co. Ltd. | 3,953,471 | 5,341 |
| | Gigabyte Technology Co. Ltd. | 1,825,271 | 5,211 |
| | Simplo Technology Co. Ltd. | 654,631 | 5,202 |
| | Elite Material Co. Ltd. | 1,100,519 | 4,978 |
| | Makalot Industrial Co. Ltd. | 801,795 | 4,965 |
| | Alchip Technologies Ltd. | 247,000 | 4,946 |
| | Ruentex Industries Ltd. | 2,887,349 | 4,932 |
| | | Shares | Market
Value•
($000) |
| | Tripod Technology Corp. | 1,784,327 | 4,930 |
| | Global Unichip Corp. | 326,649 | 4,914 |
| | Merida Industry Co. Ltd. | 888,055 | 4,839 |
| | Radiant Opto-Electronics Corp. | 1,585,147 | 4,830 |
| | Taichung Commercial Bank Co. Ltd. | 11,712,120 | 4,555 |
| | King Yuan Electronics Co. Ltd. | 4,034,963 | 4,082 |
| | China Petrochemical Development Corp. | 14,039,620 | 4,082 |
| | Bizlink Holding Inc. | 519,651 | 3,963 |
| | Poya International Co. Ltd. | 305,547 | 3,884 |
| | YFY Inc. | 4,839,000 | 3,830 |
| | International Games System Co. Ltd. | 346,426 | 3,772 |
| | Jentech Precision Industrial Co. Ltd. | 346,156 | 3,753 |
| | Qisda Corp. | 4,931,000 | 3,748 |
| | IBF Financial Holdings Co. Ltd. | 10,732,969 | 3,693 |
| | Union Bank Of Taiwan | 7,853,000 | 3,686 |
| | CTCI Corp. | 2,494,667 | 3,628 |
| | Chipbond Technology Corp. | 2,146,852 | 3,618 |
| | Tung Ho Steel Enterprise Corp. | 2,252,350 | 3,447 |
| | Yulon Finance Corp. | 813,349 | 3,436 |
| | Faraday Technology Corp. | 763,000 | 3,341 |
| | FLEXium Interconnect Inc. | 1,155,140 | 3,272 |
| | King's Town Bank Co. Ltd. | 3,419,193 | 3,254 |
| | Tong Hsing Electronic Industries Ltd. | 595,572 | 3,184 |
| | Kinsus Interconnect Technology Corp. | 979,282 | 3,156 |
| * | United Renewable Energy Co. Ltd. | 4,835,129 | 3,143 |
| | Great Wall Enterprise Co. Ltd. | 2,491,686 | 3,106 |
| | HannStar Display Corp. | 8,725,810 | 3,092 |
| | Gold Circuit Electronics Ltd. | 1,166,652 | 3,088 |
| | King Slide Works Co. Ltd. | 233,675 | 3,032 |
| | Episil Technologies Inc. | 1,111,101 | 2,986 |
| | Asia Vital Components Co. Ltd. | 946,337 | 2,984 |
| | Microbio Co. Ltd. | 1,749,310 | 2,938 |
| | Wisdom Marine Lines Co. Ltd. | 1,811,241 | 2,929 |
| | Taiwan Surface Mounting Technology Corp. | 1,125,530 | 2,846 |
| | Cheng Loong Corp. | 3,460,920 | 2,810 |
| | Shinkong Synthetic Fibers Corp. | 5,611,416 | 2,808 |
| | Goldsun Building Materials Co. Ltd. | 3,975,402 | 2,789 |
| | Fusheng Precision Co. Ltd. | 490,000 | 2,756 |
| * | Nan Kang Rubber Tire Co. Ltd. | 2,585,107 | 2,736 |
| | Mitac Holdings Corp. | 3,232,617 | 2,713 |
| | Wistron NeWeb Corp. | 1,044,495 | 2,708 |
| | WT Microelectronics Co. Ltd. | 1,434,377 | 2,591 |
| | Topco Scientific Co. Ltd. | 559,793 | 2,590 |
| | | Shares | Market
Value•
($000) |
| | Elan Microelectronics Corp. | 1,024,545 | 2,572 |
| | Taiwan Hon Chuan Enterprise Co. Ltd. | 987,401 | 2,552 |
| | United Integrated Services Co. Ltd. | 557,200 | 2,501 |
| | Wafer Works Corp. | 2,025,363 | 2,498 |
| | Chung-Hsin Electric & Machinery Manufacturing Corp. | 1,630,625 | 2,494 |
| | Via Technologies Inc. | 1,262,000 | 2,492 |
| | Feng Hsin Steel Co. Ltd. | 1,427,000 | 2,489 |
| | Tong Yang Industry Co. Ltd. | 1,778,919 | 2,489 |
| | ITEQ Corp. | 1,467,870 | 2,488 |
| | Sanyang Motor Co. Ltd. | 2,186,037 | 2,459 |
| | Pan Jit International Inc. | 1,423,000 | 2,420 |
| | TXC Corp. | 1,016,877 | 2,400 |
| | Coretronic Corp. | 1,501,000 | 2,323 |
| | Hota Industrial Manufacturing Co. Ltd. | 994,317 | 2,300 |
| | Ardentec Corp. | 1,768,851 | 2,291 |
| * | EirGenix Inc. | 726,855 | 2,287 |
| | Huaku Development Co. Ltd. | 851,499 | 2,274 |
| | AP Memory Technology Corp. | 486,154 | 2,264 |
| | Kinpo Electronics | 5,113,196 | 2,237 |
| | Charoen Pokphand Enterprise | 950,400 | 2,231 |
| | Kenda Rubber Industrial Co. Ltd. | 2,354,000 | 2,229 |
| | Yieh Phui Enterprise Co. Ltd. | 5,015,755 | 2,218 |
| | Far Eastern Department Stores Ltd. | 3,855,043 | 2,152 |
| | USI Corp. | 3,427,784 | 2,149 |
| | TSRC Corp. | 2,615,046 | 2,143 |
| | Sigurd Microelectronics Corp. | 1,467,822 | 2,113 |
| | ChipMOS Technologies Inc. | 2,118,494 | 2,081 |
| | Tainan Spinning Co. Ltd. | 4,104,674 | 2,058 |
| | Standard Foods Taiwan Ltd. | 1,709,708 | 2,049 |
| | Taiwan Semiconductor Co. Ltd. | 863,000 | 2,002 |
| | Clevo Co. | 2,097,944 | 1,999 |
| | Primax Electronics Ltd. | 1,185,000 | 1,985 |
| | TTY Biopharm Co. Ltd. | 828,987 | 1,926 |
| | Sercomm Corp. | 820,000 | 1,916 |
| | Grand Pacific Petrochemical | 3,531,928 | 1,904 |
| | XinTec Inc. | 635,000 | 1,880 |
| | Center Laboratories Inc. | 1,385,662 | 1,871 |
| | Nuvoton Technology Corp. | 585,000 | 1,849 |
| | Chung Hung Steel Corp. | 3,011,000 | 1,835 |
| | China Steel Chemical Corp. | 568,853 | 1,815 |
| | General Interface Solution Holding Ltd. | 752,000 | 1,811 |
| | International CSRC Investment Holdings Co. | 3,049,997 | 1,786 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Farglory Land Development Co. Ltd. | 1,065,854 | 1,759 |
| | Fitipower Integrated Technology Inc. | 548,226 | 1,759 |
| | Merry Electronics Co. Ltd. | 713,307 | 1,738 |
| | O-Bank Co. Ltd. | 7,046,000 | 1,733 |
| | Sitronix Technology Corp. | 337,282 | 1,726 |
| * | Medigen Vaccine Biologics Corp. | 850,544 | 1,697 |
| | Fulgent Sun International Holding Co. Ltd. | 401,270 | 1,696 |
| | Elite Semiconductor Microelectronics Technology Inc. | 876,000 | 1,686 |
| | Grape King Bio Ltd. | 445,000 | 1,676 |
| | Wah Lee Industrial Corp. | 673,500 | 1,675 |
| | Arcadyan Technology Corp. | 600,737 | 1,675 |
| | Andes Technology Corp. | 141,000 | 1,622 |
| | President Securities Corp. | 3,513,526 | 1,595 |
| | Solar Applied Materials Technology Corp. | 1,857,691 | 1,593 |
| | Hotai Finance Co. Ltd. | 545,000 | 1,589 |
| * | TSEC Corp. | 1,534,471 | 1,589 |
| | Chong Hong Construction Co. Ltd. | 719,493 | 1,587 |
| | Getac Holdings Corp. | 1,303,000 | 1,573 |
| | Greatek Electronics Inc. | 1,092,000 | 1,572 |
| | Sporton International Inc. | 247,159 | 1,547 |
| | SDI Corp. | 560,000 | 1,544 |
| | Everlight Electronics Co. Ltd. | 1,446,725 | 1,534 |
| | Lotus Pharmaceutical Co. Ltd. | 318,000 | 1,519 |
| | Brighton-Best International Taiwan Inc. | 1,445,000 | 1,500 |
| | Continental Holdings Corp. | 1,732,000 | 1,497 |
| | FocalTech Systems Co. Ltd. | 706,258 | 1,495 |
| | Chicony Power Technology Co. Ltd. | 689,000 | 1,493 |
| | Evergreen International Storage & Transport Corp. | 1,853,502 | 1,489 |
| | Allied Supreme Corp. | 184,000 | 1,481 |
| | Supreme Electronics Co. Ltd. | 1,436,250 | 1,474 |
| | Cheng Uei Precision Industry Co. Ltd. | 1,404,000 | 1,461 |
| | TCI Co. Ltd. | 437,067 | 1,456 |
| | Raydium Semiconductor Corp. | 201,000 | 1,447 |
| | Sinon Corp. | 1,293,000 | 1,420 |
| | Chang Wah Electromaterials Inc. | 1,501,000 | 1,419 |
| | Foxsemicon Integrated Technology Inc. | 274,400 | 1,416 |
| | ADATA Technology Co. Ltd. | 847,915 | 1,415 |
| | Oriental Union Chemical Corp. | 2,704,000 | 1,414 |
| | Universal Vision Biotechnology Co. Ltd. | 183,750 | 1,405 |
| | | Shares | Market
Value•
($000) |
| | Nantex Industry Co. Ltd. | 1,337,000 | 1,403 |
| * | Adimmune Corp. | 1,375,343 | 1,401 |
| | Cleanaway Co. Ltd. | 268,000 | 1,387 |
| | Prince Housing & Development Corp. | 4,334,183 | 1,384 |
| | OptoTech Corp. | 1,399,406 | 1,369 |
| | Century Iron & Steel Industrial Co. Ltd. | 574,000 | 1,368 |
| | Hu Lane Associate Inc. | 302,500 | 1,367 |
| | Gudeng Precision Industrial Co. Ltd. | 202,511 | 1,356 |
| | Kinik Co. | 430,000 | 1,354 |
| | Taiwan Paiho Ltd. | 893,183 | 1,349 |
| * | Taiwan TEA Corp. | 2,108,293 | 1,343 |
| | Shin Zu Shing Co. Ltd. | 550,224 | 1,328 |
| | Holy Stone Enterprise Co. Ltd. | 490,769 | 1,327 |
| | Ton Yi Industrial Corp. | 2,580,000 | 1,326 |
| | Longchen Paper & Packaging Co. Ltd. | 2,878,868 | 1,324 |
| | Test Research Inc. | 705,371 | 1,314 |
| | Formosa International Hotels Corp. | 235,841 | 1,308 |
| | Pan-International Industrial Corp. | 1,314,595 | 1,294 |
| | Ennoconn Corp. | 225,432 | 1,289 |
| | Asia Optical Co. Inc. | 723,000 | 1,282 |
| | TaiDoc Technology Corp. | 243,000 | 1,281 |
| | Pegavision Corp. | 146,000 | 1,275 |
| | Taiwan Mask Corp. | 684,540 | 1,246 |
| * | Asia Pacific Telecom Co. Ltd. | 6,322,891 | 1,241 |
| | Taiwan Sakura Corp. | 683,000 | ���1,240 |
| * | Career Technology MFG. Co. Ltd. | 1,659,584 | 1,237 |
| | BES Engineering Corp. | 4,974,468 | 1,232 |
| * | Shihlin Paper Corp. | 825,578 | 1,225 |
| | Asia Polymer Corp. | 1,586,151 | 1,221 |
| * | TaiMed Biologics Inc. | 698,000 | 1,218 |
| | Topkey Corp. | 228,000 | 1,218 |
| | Taiwan Cogeneration Corp. | 1,340,903 | 1,217 |
| | UPC Technology Corp. | 3,211,065 | 1,213 |
| | Shiny Chemical Industrial Co. Ltd. | 388,250 | 1,208 |
| | Gloria Material Technology Corp. | 1,364,023 | 1,200 |
| * | Unitech Printed Circuit Board Corp. | 2,209,714 | 1,196 |
| | Taiwan Union Technology Corp. | 878,000 | 1,192 |
| | Systex Corp. | 580,000 | 1,191 |
| * | UPI Semiconductor Corp. | 165,000 | 1,182 |
| | Holtek Semiconductor Inc. | 570,279 | 1,171 |
| | Jih Sun Financial Holdings Co. Ltd. | 3,150,235 | 1,144 |
| | Innodisk Corp. | 223,556 | 1,143 |
| | AcBel Polytech Inc. | 1,329,000 | 1,133 |
| | Visual Photonics Epitaxy Co. Ltd. | 627,455 | 1,120 |
| | Silicon Integrated Systems Corp. | 2,365,508 | 1,111 |
| | YC INOX Co. Ltd. | 1,410,750 | 1,107 |
| | Cub Elecparts Inc. | 256,969 | 1,106 |
| | Advanced Wireless Semiconductor Co. | 578,192 | 1,105 |
| | Depo Auto Parts Ind Co. Ltd. | 531,313 | 1,093 |
| | Tung Thih Electronic Co. Ltd. | 260,000 | 1,078 |
| | | Shares | Market
Value•
($000) |
| | Chang Wah Technology Co. Ltd. | 1,190,000 | 1,068 |
| | Cathay Real Estate Development Co. Ltd. | 2,372,000 | 1,067 |
| | Hung Sheng Construction Ltd. | 1,385,620 | 1,059 |
| | Global Mixed Mode Technology Inc. | 264,199 | 1,053 |
| * | China Man-Made Fiber Corp. | 4,370,384 | 1,047 |
| * | Phihong Technology Co. Ltd. | 947,618 | 1,046 |
| | YungShin Global Holding Corp. | 860,697 | 1,038 |
| | Thinking Electronic Industrial Co. Ltd. | 285,000 | 1,037 |
| | Ta Ya Electric Wire & Cable | 2,025,971 | 1,037 |
| | Gourmet Master Co. Ltd. | 340,789 | 1,035 |
| | Pixart Imaging Inc. | 412,920 | 1,032 |
| | Aten International Co. Ltd. | 440,260 | 1,032 |
| | St. Shine Optical Co. Ltd. | 156,419 | 1,023 |
| | Kindom Development Co. Ltd. | 1,354,900 | 1,012 |
| | Acter Group Corp. Ltd. | 344,962 | 1,006 |
| | Sunplus Technology Co. Ltd. | 1,445,000 | 1,005 |
| | Apex International Co. Ltd. | 656,000 | 1,002 |
| | Shinkong Insurance Co. Ltd. | 730,000 | 997 |
| | Sunny Friend Environmental Technology Co. Ltd. | 239,000 | 997 |
| | Hsin Kuang Steel Co. Ltd. | 939,569 | 994 |
| | Etron Technology Inc. | 923,396 | 992 |
| | Lealea Enterprise Co. Ltd. | 3,044,849 | 981 |
| | Advanced International Multitech Co. Ltd. | 337,000 | 970 |
| | Sampo Corp. | 1,329,048 | 968 |
| | Sinyi Realty Inc. | 1,104,465 | 960 |
| | Unizyx Holding Corp. | 1,207,250 | 959 |
| | Sunonwealth Electric Machine Industry Co. Ltd. | 761,000 | 947 |
| | Kung Long Batteries Industrial Co. Ltd. | 224,000 | 941 |
| | China General Plastics Corp. | 1,520,717 | 931 |
| | Co-Tech Development Corp. | 690,000 | 931 |
| | Chief Telecom Inc. | 108,000 | 931 |
| * | First Steamship Co. Ltd. | 3,746,850 | 929 |
| | Chin-Poon Industrial Co. Ltd. | 1,089,072 | 927 |
| | Orient Semiconductor Electronics Ltd. | 1,830,197 | 917 |
| | Dynapack International Technology Corp. | 430,299 | 912 |
| | RichWave Technology Corp. | 307,569 | 906 |
| | TPK Holding Co. Ltd. | 1,023,000 | 903 |
| | Advanced Ceramic X Corp. | 190,000 | 903 |
| | Posiflex Technology Inc. | 253,822 | 902 |
| | Gemtek Technology Corp. | 1,108,115 | 896 |
| * | Ambassador Hotel | 924,000 | 894 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| 1 | China Metal Products | 1,076,515 | 894 |
| | Nichidenbo Corp. | 606,000 | 893 |
| | PharmaEngine Inc. | 304,102 | 893 |
| | AURAS Technology Co. Ltd. | 240,000 | 891 |
| | Xxentria Technology Materials Corp. | 504,776 | 888 |
| | Marketech International Corp. | 292,000 | 882 |
| | Chlitina Holding Ltd. | 192,750 | 881 |
| | Flytech Technology Co. Ltd. | 447,845 | 879 |
| * | Mercuries Life Insurance Co. Ltd. | 5,156,905 | 876 |
| | Hannstar Board Corp. | 976,438 | 869 |
| | Actron Technology Corp. | 206,000 | 862 |
| | Federal Corp. | 1,494,505 | 860 |
| | Chunghwa Precision Test Tech Co. Ltd. | 73,000 | 858 |
| | Mercuries & Associates Holding Ltd. | 1,954,968 | 857 |
| | Wei Chuan Foods Corp. | 1,508,835 | 854 |
| | Chia Hsin Cement Corp. | 1,726,000 | 848 |
| | Namchow Holdings Co. Ltd. | 631,000 | 848 |
| | Adlink Technology Inc. | 546,127 | 846 |
| | LandMark Optoelectronics Corp. | 293,600 | 842 |
| * | RDC Semiconductor Co. Ltd. | 195,000 | 841 |
| | Lung Yen Life Service Corp. | 766,000 | 838 |
| | China Bills Finance Corp. | 1,893,000 | 834 |
| | Taiwan PCB Techvest Co. Ltd. | 821,102 | 830 |
| | D-Link Corp. | 1,839,774 | 828 |
| | ScinoPharm Taiwan Ltd. | 1,118,891 | 825 |
| | Motech Industries Inc. | 1,123,928 | 823 |
| | Ho Tung Chemical Corp. | 3,303,362 | 822 |
| | KMC Kuei Meng International Inc. | 188,000 | 813 |
| | Elite Advanced Laser Corp. | 746,607 | 812 |
| * | Wowprime Corp. | 206,761 | 800 |
| | CyberTAN Technology Inc. | 1,181,571 | 798 |
| | ITE Technology Inc. | 432,418 | 796 |
| * | CSBC Corp. Taiwan | 1,721,956 | 785 |
| | Alpha Networks Inc. | 944,599 | 784 |
| | Soft-World International Corp. | 351,520 | 781 |
| | Bank of Kaohsiung Co. Ltd. | 2,048,426 | 780 |
| | Johnson Health Tech Co. Ltd. | 345,283 | 773 |
| | Gamania Digital Entertainment Co. Ltd. | 464,000 | 772 |
| | Huang Hsiang Construction Corp. | 631,051 | 771 |
| | Everlight Chemical Industrial Corp. | 1,390,649 | 747 |
| | Darfon Electronics Corp. | 633,000 | 742 |
| | Genesys Logic Inc. | 286,000 | 737 |
| | Firich Enterprises Co. Ltd. | 942,539 | 733 |
| | | Shares | Market
Value•
($000) |
| | Taiflex Scientific Co. Ltd. | 588,594 | 733 |
| | Weltrend Semiconductor | 553,753 | 729 |
| | Swancor Holding Co. Ltd. | 263,000 | 726 |
| | Anpec Electronics Corp. | 222,000 | 724 |
| | Syncmold Enterprise Corp. | 394,750 | 722 |
| | IEI Integration Corp. | 439,716 | 721 |
| | Formosan Rubber Group Inc. | 1,173,089 | 720 |
| | Sonix Technology Co. Ltd. | 505,000 | 718 |
| | Altek Corp. | 679,250 | 704 |
| | Zeng Hsing Industrial Co. Ltd. | 209,000 | 697 |
| | Quanta Storage Inc. | 591,000 | 692 |
| | CMC Magnetics Corp. | 3,438,758 | 691 |
| | Dimerco Express Corp. | 358,792 | 688 |
| | Bioteque Corp. | 207,000 | 687 |
| | T3EX Global Holdings Corp. | 366,000 | 687 |
| | AmTRAN Technology Co. Ltd. | 2,393,126 | 686 |
| | Chung Hwa Pulp Corp. | 1,328,135 | 685 |
| | Rich Development Co. Ltd. | 2,645,000 | 671 |
| | ASROCK Inc. | 219,000 | 663 |
| | Global Brands Manufacture Ltd. | 819,361 | 654 |
| | VIA Labs Inc. | 123,000 | 644 |
| | Radium Life Tech Co. Ltd. | 2,284,910 | 643 |
| | Amazing Microelectronic Corp. | 250,000 | 638 |
| | Chun Yuan Steel Industry Co. Ltd. | 1,358,000 | 624 |
| * | Shining Building Business Co. Ltd. | 2,176,675 | 612 |
| | Kuo Yang Construction Co. Ltd. | 1,099,000 | 611 |
| | Sincere Navigation Corp. | 1,094,970 | 598 |
| * | Gigastorage Corp. | 1,158,742 | 587 |
| * | Tanvex BioPharma Inc. | 634,103 | 579 |
| * | Li Peng Enterprise Co. Ltd. | 2,365,915 | 568 |
| * | Foresee Pharmaceuticals Co. Ltd. | 248,000 | 564 |
| | 91APP Inc. | 228,555 | 563 |
| | Sensortek Technology Corp. | 92,000 | 561 |
| | Kaimei Electronic Corp. | 344,800 | 553 |
| | Taiwan Styrene Monomer | 1,435,579 | 550 |
| | Ultra Chip Inc. | 229,000 | 548 |
| | Dynamic Holding Co. Ltd. | 1,071,004 | 538 |
| | Speed Tech Corp. | 345,000 | 536 |
| | China Chemical & Pharmaceutical Co. Ltd. | 852,000 | 534 |
| * | Elitegroup Computer Systems Co. Ltd. | 828,647 | 526 |
| | PChome Online Inc. | 333,082 | 518 |
| | AGV Products Corp. | 1,780,425 | 511 |
| * | Hong Pu Real Estate Development Co. Ltd. | 731,195 | 499 |
| | KEE TAI Properties Co. Ltd. | 1,468,740 | 496 |
| | | Shares | Market
Value•
($000) |
| | HannsTouch Solution Inc. | 1,703,329 | 486 |
| | Lingsen Precision Industries Ltd. | 1,209,000 | 482 |
| * | Taigen Biopharmaceuticals Holdings Ltd. | 1,088,723 | 479 |
| | Taiyen Biotech Co. Ltd. | 511,877 | 476 |
| | FSP Technology Inc. | 409,428 | 469 |
| | Tyntek Corp. | 990,250 | 466 |
| | Rexon Industrial Corp. Ltd. | 534,000 | 466 |
| | Fittech Co. Ltd. | 190,647 | 465 |
| | China Electric Manufacturing Corp. | 1,067,980 | 458 |
| | Ability Enterprise Co. Ltd. | 705,099 | 438 |
| | Savior Lifetec Corp. | 865,728 | 433 |
| | Infortrend Technology Inc. | 786,885 | 420 |
| | Kuo Toong International Co. Ltd. | 683,662 | 410 |
| * | Ritek Corp. | 1,890,048 | 410 |
| | Ichia Technologies Inc. | 717,000 | 396 |
| | TYC Brother Industrial Co. Ltd. | 497,710 | 387 |
| | CHC Healthcare Group | 313,727 | 384 |
| | Yeong Guan Energy Technology Group Co. Ltd. | 248,776 | 383 |
| | L&K Engineering Co. Ltd. | 430,000 | 382 |
| | Rechi Precision Co. Ltd. | 735,668 | 361 |
| | WUS Printed Circuit Co. Ltd. | 511,555 | 359 |
| * | Darwin Precisions Corp. | 1,331,000 | 354 |
| | Egis Technology Inc. | 198,000 | 344 |
| | Senao International Co. Ltd. | 365,000 | 337 |
| * | Medigen Biotechnology Corp. | 355,680 | 328 |
| | Iron Force Industrial Co. Ltd. | 149,000 | 328 |
| * | Brogent Technologies Inc. | 96,293 | 325 |
| | Cyberlink Corp. | 116,076 | 324 |
| | Dyaco International Inc. | 293,000 | 323 |
| | Nidec Chaun-Choung Technology Corp. | 103,000 | 321 |
| | Nan Liu Enterprise Co. Ltd. | 148,000 | 321 |
| | Machvision Inc. | 88,157 | 319 |
| | TA-I Technology Co. Ltd. | 238,500 | 306 |
| * | Li Cheng Enterprise Co. Ltd. | 426,892 | 304 |
| | Toung Loong Textile Manufacturing | 355,980 | 292 |
| | Sheng Yu Steel Co. Ltd. | 402,000 | 290 |
| | Shin Foong Specialty & Applied Materials Co. Ltd. | 181,469 | 289 |
| | Basso Industry Corp. | 239,000 | 286 |
| | Test Rite International Co. Ltd. | 429,647 | 269 |
| | Jess-Link Products Co. Ltd. | 246,100 | 268 |
| * | ALI Corp. | 475,281 | 263 |
| * | Gigasolar Materials Corp. | 82,922 | 246 |
| * | Globe Union Industrial Corp. | 655,675 | 241 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Tong-Tai Machine & Tool Co. Ltd. | 577,429 | 238 |
| * | Newmax Technology Co. Ltd. | 265,000 | 229 |
| * | Zinwell Corp. | 425,099 | 218 |
| | GeneReach Biotechnology Corp. | 129,906 | 205 |
| *,3 | Roo Hsing Co. Ltd. | 2,084,000 | 189 |
| *,3 | Taiwan Land Development Corp. | 159,840 | — |
| *,3 | Pihsiang Machinery Manufacturing Co. Ltd. | 191,000 | — |
| *,3 | Unity Opto Technology Co. Ltd. | 1,203,000 | — |
| *,3 | Xpec Entertainment Inc. | 125,457 | — |
| *,3 | Pharmally International Holding Co. Ltd. | 126,271 | — |
| | | | 583,276 |
| Thailand (1.7%) |
| | Thonburi Healthcare Group PCL | 3,309,100 | 5,875 |
| | Tisco Financial Group PCL | 1,769,350 | 4,466 |
| | Kiatnakin Bank PCL | 2,124,405 | 4,080 |
| | JMT Network Services PCL Class F | 2,291,423 | 3,921 |
| 1 | CPN Retail Growth Leasehold REIT | 7,779,800 | 3,780 |
| 1 | Com7 PCL Class F | 4,386,100 | 3,488 |
| | Bangchak Corp. PCL | 3,957,800 | 3,181 |
| 1 | KCE Electronics PCL | 2,783,300 | 3,082 |
| | Ngern Tid Lor PCL | 4,476,284 | 3,064 |
| | Forth Corp. PCL | 2,143,900 | 2,985 |
| 1 | Siam Global House PCL | 5,538,746 | 2,931 |
| | Ramkhamhaeng Hospital PCL | 1,974,157 | 2,880 |
| | Jasmine Broadband Internet Infrastructure Fund Class F | 13,730,163 | 2,870 |
| * | Beyond Securities PCL | 7,722,600 | 2,828 |
| *,1 | Central Plaza Hotel PCL | 2,054,490 | 2,747 |
| 1 | Thanachart Capital PCL | 2,574,495 | 2,707 |
| | WHA Corp. PCL | 25,801,792 | 2,672 |
| | Singer Thailand PCL | 2,687,900 | 2,567 |
| 1 | Jay Mart PCL | 2,029,000 | 2,414 |
| 1 | Bangkok Commercial Asset Management PCL (XBKK) | 5,739,900 | 2,307 |
| 1 | CH Karnchang PCL | 3,509,800 | 2,143 |
| 1 | Gunkul Engineering PCL | 15,335,983 | 2,081 |
| | Dhipaya Group Holdings PCL | 1,458,100 | 2,079 |
| | Supalai PCL | 3,721,950 | 2,054 |
| | Vibhavadi Medical Center PCL | 27,059,800 | 2,035 |
| 1 | Esso Thailand PCL | 5,107,800 | 1,950 |
| | Hana Microelectronics PCL | 2,060,746 | 1,890 |
| | CK Power PCL | 14,184,031 | 1,845 |
| | Chularat Hospital PCL Class F | 19,133,260 | 1,780 |
| | Star Petroleum Refining PCL | 5,349,700 | 1,681 |
| 1 | Bangkok Chain Hospital PCL | 3,426,148 | 1,667 |
| 1 | Sansiri PCL | 48,198,200 | 1,660 |
| 1 | Mega Lifesciences PCL | 1,360,400 | 1,583 |
| 1 | Dohome PCL (XBKK) | 4,628,100 | 1,568 |
| | | Shares | Market
Value•
($000) |
| 1 | TOA Paint Thailand PCL | 1,868,000 | 1,548 |
| | TPI Polene PCL | 33,191,600 | 1,544 |
| 1 | VGI PCL | 16,119,661 | 1,544 |
| * | Jasmine Technology Solution PCL | 1,188,600 | 1,507 |
| | AP Thailand PCL | 5,797,456 | 1,494 |
| | Amata Corp. PCL | 2,895,597 | 1,485 |
| 1 | Sri Trang Agro-Industry PCL | 2,924,123 | 1,478 |
| | AEON Thana Sinsap Thailand PCL | 343,700 | 1,477 |
| | Thailand Future Fund | 7,495,000 | 1,448 |
| 1 | Sino-Thai Engineering & Construction PCL | 4,484,615 | 1,382 |
| 1 | Thai Vegetable Oil PCL | 1,715,010 | 1,283 |
| 1 | Quality Houses PCL | 22,402,133 | 1,271 |
| | BTS Rail Mass Transit Growth Infrastructure Fund Class F | 11,578,476 | 1,205 |
| 1 | Thoresen Thai Agencies PCL | 5,739,841 | 1,135 |
| | Tipco Asphalt PCL | 2,394,300 | 1,076 |
| *,1 | Plan B Media Pcl Class F | 5,705,972 | 1,059 |
| * | STARK Corp. PCL | 12,454,200 | 1,048 |
| 1 | TTW PCL | 4,580,300 | 1,045 |
| | Thaifoods Group PCL Class F | 7,088,700 | 1,045 |
| *,1 | Bangkok Airways PCL | 2,850,900 | 1,012 |
| *,1 | Jasmine International PCL | 15,223,288 | 969 |
| 1 | Bangkok Land PCL | 36,507,200 | 969 |
| | TQM Corp. PCL | 977,300 | 965 |
| 1 | Ratchthani Leasing PCL | 7,699,250 | 907 |
| 1 | Banpu Power PCL | 2,314,100 | 907 |
| * | Central Plaza Hotel PCL NVDR | 670,400 | 896 |
| 1 | BEC World PCL | 3,418,100 | 866 |
| | MK Restaurants Group PCL | 560,100 | 859 |
| | Super Energy Corp. PCL | 44,967,100 | 828 |
| | Major Cineplex Group PCL | 1,702,844 | 815 |
| | GFPT PCL | 2,027,500 | 783 |
| 1 | TPI Polene Power PCL | 8,314,100 | 734 |
| | Thaicom PCL | 2,413,540 | 729 |
| | MBK PCL | 1,464,876 | 724 |
| | PTG Energy PCL | 1,922,507 | 703 |
| * | Kerry Express Thailand PCL | 1,519,400 | 703 |
| 1 | Pruksa Holding PCL | 2,202,900 | 696 |
| | North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT Class F | 3,786,000 | 672 |
| *,1 | U City PCL Class F | 15,504,548 | 657 |
| 1 | BCPG PCL | 2,569,637 | 645 |
| *,1 | Italian-Thai Development PCL | 11,390,210 | 578 |
| 1 | Tisco Financial Group PCL NDVR | 225,450 | 569 |
| | SPCG PCL | 1,561,900 | 563 |
| | AP Thailand PCL NVDR | 2,127,300 | 548 |
| 1 | LPN Development PCL | 5,027,811 | 547 |
| 1 | Workpoint Entertainment PCL | 1,010,000 | 481 |
| | Origin Property PCL Class F | 1,778,650 | 477 |
| | Taokaenoi Food & Marketing PCL Class F | 2,339,100 | 430 |
| 1 | Precious Shipping PCL | 1,234,000 | 427 |
| | | Shares | Market
Value•
($000) |
| 1 | Precious Shipping pcl NVDR | 1,095,000 | 379 |
| *,1 | Samart Corp. PCL | 1,963,421 | 294 |
| | Supalai pcl NVDR | 518,650 | 286 |
| | Pruksa Real Estate PCL | 1,063,290 | 251 |
| * | Unique Engineering & Construction PCL | 1,936,200 | 228 |
| | VGI PCL NVDR | 2,351,570 | 225 |
| *,3 | Thai Airways International PCL | 3,045,000 | 204 |
| | IMPACT Growth REIT | 536,860 | 169 |
| | Sino-Thai Engineering & Construction PCL NVDR | 423,000 | 130 |
| *,1 | Italian-Thai Development PCL NVDR | 2,448,500 | 124 |
| 1 | TTW PCL NVDR | 490,400 | 112 |
| *,3 | Singer Thailand PCL Rights Exp. 11/25/22 | 1,876,239 | 88 |
| * | VGI PCL Warrants Exp. 5/23/27 (XBKK) | 4,948,352 | 22 |
| * | VGI PCL Warrants Exp. 5/23/27 | 542,670 | 2 |
| | | | 140,108 |
| Turkey (0.2%) |
| * | ODAS Elektrik Uretim ve Sanayi Ticaret AS | 3,969,529 | 1,634 |
| | Bera Holding A/S | 1,121,349 | 1,381 |
| 2 | Mavi Giyim Sanayi Ve Ticaret A/S Class B | 252,710 | 1,184 |
| | Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 916,215 | 1,163 |
| * | NET Holding A/S | 949,838 | 741 |
| | Logo Yazilim Sanayi Ve Ticaret A/S | 261,021 | 737 |
| | Tat Gida Sanayi A/S | 479,856 | 730 |
| | Cimsa Cimento Sanayi VE Ticaret A/S | 166,106 | 684 |
| * | Turkiye Sinai Kalkinma Bankasi A/S | 3,893,103 | 630 |
| * | Sekerbank Turk A/S | 4,561,578 | 498 |
| | Kervan Gida Sanayi Ve Ticaret A/S | 486,356 | 488 |
| * | Ulker Biskuvi Sanayi A/S | 342,702 | 484 |
| * | Zorlu Enerji Elektrik Uretim A/S | 1,906,470 | 484 |
| * | Ipek Dogal Enerji Kaynaklari Arastirma Ve Uretim A/S | 314,777 | 463 |
| * | Albaraka Turk Katilim Bankasi A/S | 3,557,069 | 438 |
| | Kartonsan Karton Sanayi ve Ticaret A/S | 85,173 | 426 |
| | Polisan Holding A/S | 796,121 | 419 |
| * | Is Finansal Kiralama A/S | 888,308 | 406 |
| * | Konya Cimento Sanayii A/S | 2,641 | 342 |
| | Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S | 302,098 | 329 |
| | Akcansa Cimento A/S | 122,435 | 289 |
| * | Aksigorta A/S | 623,878 | 87 |
| * | Aksigorta As Rights Exp. 11/10/22 | ��� 623,878 | 86 |
| * | Hektas Ticaret TAS | 1 | — |
| *,3 | Asya Katilim Bankasi A/S | 975,452 | — |
| | | | 14,123 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| United Arab Emirates (0.1%) |
| | GFH Financial Group BSC | 12,280,264 | 2,975 |
| | AL Yah Satellite Communications Co-Pjsc-Yah Sat | 3,726,467 | 2,779 |
| | Sharjah Islamic Bank | 4,286,001 | 2,287 |
| * | RAK Properties PJSC | 3,464,889 | 698 |
| *,3 | Arabtec Holding PJSC | 2,033,180 | 293 |
| *,3 | Drake & Scull International PJSC | 1,238,097 | 125 |
| | | | 9,157 |
| United Kingdom (9.1%) |
| | Beazley plc | 2,179,719 | 15,633 |
| | Spectris plc | 398,003 | 13,794 |
| | IG Group Holdings plc | 1,432,508 | 13,066 |
| | Diploma plc | 439,288 | 12,495 |
| | Investec plc | 2,379,074 | 11,923 |
| | Man Group plc | 4,677,089 | 11,635 |
| | Inchcape plc | 1,362,603 | 11,624 |
| | Harbour Energy plc | 2,670,608 | 11,590 |
| | Tritax Big Box REIT plc | 6,927,424 | 11,139 |
| | Rotork plc | 3,098,296 | 9,081 |
| | Games Workshop Group plc | 120,494 | 8,845 |
| | Drax Group plc | 1,441,812 | 8,610 |
| * | Marks & Spencer Group plc | 7,077,851 | 8,572 |
| | QinetiQ Group plc | 2,032,928 | 8,379 |
| | Greggs plc | 361,350 | 8,377 |
| * | Indivior plc | 441,306 | 8,359 |
| | Energean plc | 492,629 | 8,097 |
| | Britvic plc | 967,810 | 8,083 |
| | Mediclinic International plc | 1,420,690 | 8,082 |
| | Serco Group plc | 4,286,486 | 8,017 |
| | Big Yellow Group plc | 614,315 | 7,905 |
| | Balfour Beatty plc | 2,286,008 | 7,832 |
| | Safestore Holdings plc | 745,425 | 7,723 |
| | LXI REIT plc | 5,449,541 | 7,608 |
| | Micro Focus International plc | 1,267,659 | 7,559 |
| *,2 | Watches of Switzerland Group plc | 832,838 | 7,426 |
| | LondonMetric Property plc | 3,446,966 | 7,392 |
| | Plus500 Ltd. | 345,037 | 7,138 |
| | Hays plc | 5,618,730 | 7,084 |
| * | Oxford Nanopore Technologies plc | 2,324,657 | 7,003 |
| | Virgin Money UK plc | 4,488,462 | 6,996 |
| | Genus plc | 239,260 | 6,992 |
| | Travis Perkins plc | 737,465 | 6,951 |
| | Grainger plc | 2,651,244 | 6,893 |
| | Assura plc | 10,571,874 | 6,774 |
| * | Playtech plc | 1,114,151 | 6,620 |
| * | SSP Group plc | 2,834,952 | 6,592 |
| | Cranswick plc | 192,850 | 6,584 |
| | Spirent Communications plc | 2,189,615 | 6,500 |
| | OSB Group plc | 1,362,602 | 6,494 |
| | Euromoney Institutional Investor plc | 387,268 | 6,431 |
| *,2 | Network International Holdings plc | 1,702,085 | 6,374 |
| *,2 | Trainline plc | 1,664,852 | 6,336 |
| | Grafton Group plc | 791,362 | 6,265 |
| | Close Brothers Group plc | 550,356 | 6,200 |
| * | WH Smith plc | 455,431 | 6,157 |
| | | Shares | Market
Value•
($000) |
| | Primary Health Properties plc | 4,736,083 | 6,034 |
| | TP ICAP Group plc | 2,827,651 | 5,964 |
| | Softcat plc | 459,818 | 5,908 |
| | Great Portland Estates plc | 994,256 | 5,861 |
| | Future plc | 417,510 | 5,851 |
| | Victrex plc | 306,375 | 5,819 |
| | Telecom Plus plc | 239,198 | 5,815 |
| | Computacenter plc | 279,511 | 5,799 |
| | Pets at Home Group plc | 1,723,040 | 5,697 |
| 1 | Vistry Group plc | 795,898 | 5,507 |
| | Pagegroup plc | 1,129,613 | 5,449 |
| 2 | Quilter plc | 4,908,299 | 5,441 |
| * | Carnival plc | 660,099 | 5,245 |
| | Lancashire Holdings Ltd. | 905,267 | 5,138 |
| * | Darktrace plc | 1,250,499 | 5,119 |
| | Supermarket Income REIT plc | 4,338,827 | 5,101 |
| * | Frasers Group plc | 637,842 | 4,733 |
| | Rathbones Group plc | 218,708 | 4,701 |
| | Savills plc | 481,043 | 4,545 |
| *,2 | Deliveroo plc Class A | 4,528,365 | 4,535 |
| | Paragon Banking Group plc | 918,944 | 4,496 |
| *,2 | Countryside Partnerships plc | 1,834,687 | 4,470 |
| | Shaftesbury plc | 1,004,929 | 4,220 |
| | Oxford Instruments plc | 192,446 | 4,209 |
| | Domino's Pizza Group plc | 1,609,181 | 4,162 |
| * | John Wood Group plc | 2,543,716 | 4,090 |
| | Mitie Group plc | 4,952,950 | 4,066 |
| | Dunelm Group plc | ���407,429 | 4,044 |
| | Ashmore Group plc | 1,705,235 | 4,038 |
| * | IWG plc | 2,654,255 | 4,012 |
| | Centamin plc | 3,925,239 | 3,990 |
| | Moneysupermarket.com Group plc | 1,887,120 | 3,970 |
| | Redrow plc | 823,136 | 3,961 |
| | Diversified Energy Co. plc | 2,742,723 | 3,960 |
| * | Helios Towers plc | 2,745,243 | 3,944 |
| | AJ Bell plc | 1,048,480 | 3,900 |
| * | National Express Group plc | 1,994,082 | 3,866 |
| | Bodycote plc | 677,549 | 3,854 |
| * | S4 Capital plc | 1,889,281 | 3,806 |
| 2 | Biffa plc | 801,880 | 3,774 |
| 2 | JTC plc | 468,836 | 3,772 |
| | Coats Group plc | 5,198,030 | 3,606 |
| | Ninety One plc | 1,515,268 | 3,524 |
| | Chemring Group plc | 1,015,588 | 3,521 |
| 1 | Hammerson plc | 15,978,770 | 3,503 |
| * | Ascential plc | 1,553,533 | 3,422 |
| | Capital & Counties Properties plc | 2,767,272 | 3,394 |
| | Redde Northgate plc | 886,694 | 3,391 |
| * | Capricorn Energy plc | 1,183,364 | 3,361 |
| | Bank of Georgia Group plc | 136,014 | 3,319 |
| | Sirius Real Estate Ltd. | 4,026,346 | 3,257 |
| | Hill & Smith Holdings plc | 287,227 | 3,247 |
| | Firstgroup plc | 2,656,258 | 3,189 |
| | IntegraFin Holdings plc | 1,100,832 | 3,176 |
| | Premier Foods plc | 2,655,191 | 3,156 |
| | Kainos Group plc | 215,223 | 3,056 |
| | Vesuvius plc | 749,623 | 2,912 |
| * | Babcock International Group plc | 919,658 | 2,905 |
| | | Shares | Market
Value•
($000) |
| | Morgan Advanced Materials plc | 1,024,017 | 2,885 |
| | Clarkson plc | 89,638 | 2,837 |
| | Essentra plc | 1,081,795 | 2,785 |
| | TBC Bank Group plc | 128,162 | 2,767 |
| | Currys plc | 3,609,474 | 2,696 |
| | NCC Group plc | 1,167,079 | 2,669 |
| * | C&C Group plc | 1,422,083 | 2,668 |
| * | Auction Technology Group plc | 311,235 | 2,664 |
| | Home REIT plc | 2,645,040 | 2,551 |
| | Morgan Sindall Group plc | 144,475 | 2,549 |
| | Workspace Group plc | 543,516 | 2,548 |
| *,2 | Spire Healthcare Group plc | 1,022,317 | 2,540 |
| 2 | Ibstock plc | 1,399,796 | 2,496 |
| *,1 | Tullow Oil plc | 5,297,896 | 2,462 |
| | Just Group plc | 3,684,989 | 2,448 |
| | Genuit Group plc | 830,361 | 2,427 |
| | Marshalls plc | 826,284 | 2,391 |
| | Volution Group plc | 669,760 | 2,371 |
| | IP Group plc | 3,498,504 | 2,358 |
| 2 | Petershill Partners plc | 1,027,905 | 2,333 |
| | Liontrust Asset Management plc | 234,479 | 2,297 |
| | Senior plc | 1,515,406 | 2,261 |
| | FDM Group Holdings plc | 309,334 | 2,232 |
| 2 | Bridgepoint Group plc (Registered) | 971,306 | 2,220 |
| * | Elementis plc | 2,078,511 | 2,197 |
| | Rhi Magnesita NV | 102,483 | 2,178 |
| | Bytes Technology Group plc (XLON) | 524,252 | 2,159 |
| * | Molten Ventures plc | 583,237 | 2,138 |
| | Crest Nicholson Holdings plc | 879,125 | 2,038 |
| | Picton Property Income Ltd. | 2,009,749 | 1,982 |
| 2 | ContourGlobal plc | 682,753 | 1,976 |
| *,1 | THG plc Class B | 3,196,033 | 1,949 |
| *,2 | Wizz Air Holdings plc | 97,348 | 1,908 |
| | UK Commercial Property REIT Ltd. | 2,686,029 | 1,881 |
| | Jupiter Fund Management plc | 1,573,756 | 1,872 |
| | Keller Group plc | 258,442 | 1,860 |
| * | Petrofac Ltd. (XLON) | 1,505,419 | 1,859 |
| | BMO Commercial Property Trust Ltd. | 1,901,721 | 1,822 |
| | Synthomer plc | 1,398,715 | 1,810 |
| 2 | TI Fluid Systems plc Class B | 1,115,735 | 1,772 |
| | Hilton Food Group plc | 250,818 | 1,758 |
| | Provident Financial plc | 926,295 | 1,736 |
| *,2 | Aston Martin Lagonda Global Holdings plc | 1,376,837 | 1,664 |
| * | J D Wetherspoon plc | 313,899 | 1,629 |
| | Halfords Group plc | 787,144 | 1,589 |
| | PZ Cussons plc | 683,343 | 1,567 |
| * | Capita plc | 5,606,533 | 1,560 |
| | AG Barr plc | 295,150 | 1,521 |
| * | Greencore Group plc | 1,907,702 | 1,469 |
| * | ASOS plc | 226,192 | 1,456 |
| * | Moonpig Group plc | 925,803 | 1,455 |
| * | PureTech Health plc | 528,571 | 1,403 |
| | Helical plc | 365,614 | 1,383 |
| *,2 | Trustpilot Group plc | 1,101,875 | 1,370 |
| | Wickes Group plc | 935,465 | 1,362 |
| | 888 Holdings plc | 1,230,130 | 1,309 |
| * | Mitchells & Butlers plc | 942,208 | 1,256 |
| | Avon Protection plc | 104,320 | 1,243 |
FTSE All-World ex-US Small-Cap Index Fund
| | | Shares | Market
Value•
($000) |
| | Ferrexpo plc | 1,055,941 | 1,238 |
| | Devro plc | 585,311 | 1,201 |
| | XP Power Ltd. | 57,545 | 1,157 |
| 2 | CMC Markets plc | 398,002 | 1,120 |
| * | Restaurant Group plc | 2,787,196 | 1,016 |
| | Bytes Technology Group plc | 236,220 | 1,003 |
| * | Alphawave IP Group plc | 741,490 | 959 |
| * | Marston's plc | 2,388,858 | 957 |
| * | Oxford Biomedica plc | 245,425 | 908 |
| | CLS Holdings plc | 546,560 | 897 |
| * | SIG plc | 2,362,092 | 845 |
| *,1 | AO World plc | 1,463,656 | 751 |
| | Hochschild Mining plc | 1,078,021 | 659 |
| 2 | Alfa Financial Software Holdings plc | 326,255 | 565 |
| 2 | Bakkavor Group plc | 532,913 | 556 |
| * | Rank Group plc | 759,962 | 457 |
| *,2,3 | Finablr plc | 496,892 | — |
| *,3 | Carillion plc | 961,048 | — |
| | | | 766,910 |
Total Common Stocks
(Cost $10,394,883) | 8,348,330 |
| | | Shares | Market
Value•
($000) |
| Temporary Cash Investments (4.7%) |
| Money Market Fund (4.7%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $397,850) | 3,980,108 | 397,931 |
| Total Investments (103.8%) (Cost $10,792,733) | 8,746,261 |
| Other Assets and Liabilities—Net (-3.8%) | (324,183) |
| Net Assets (100%) | 8,422,078 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $336,879,000. |
| 2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $360,193,000, representing 4.3% of net assets. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $370,765,000 was received for securities on loan, of which $368,659,000 is held in Vanguard Market Liquidity Fund and $2,106,000 is held in cash. |
| | ADR—American Depositary Receipt. |
| | GDR—Global Depositary Receipt. |
| | NVDR—Non-Voting Depository Receipt. |
| | REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| E-mini Russell 2000 Index | December 2022 | 134 | 12,415 | 423 |
| MSCI EAFE Index | December 2022 | 418 | 36,698 | (1,197) |
| MSCI Emerging Markets Index | December 2022 | 425 | 18,139 | (1,186) |
| S&P TSX 60 Index | December 2022 | 53 | 9,163 | (119) |
| | | | | (2,079) |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| Bank of America, N.A. | 12/21/22 | CAD | 13,423 | USD | 10,158 | — | (298) |
| Bank of America, N.A. | 12/21/22 | INR | 330,310 | USD | 4,101 | — | (128) |
| Goldman Sachs International | 12/21/22 | JPY | 1,134,194 | USD | 7,683 | — | (2) |
| Bank of Montreal | 12/21/22 | USD | 6,426 | AUD | 9,478 | 353 | — |
| Bank of America, N.A. | 12/21/22 | USD | 4,747 | CAD | 6,473 | — | (7) |
| Bank of America, N.A. | 12/21/22 | USD | 1,196 | CHF | 1,166 | 24 | — |
| Bank of Montreal | 12/21/22 | USD | 9,825 | EUR | 9,849 | 48 | — |
| Bank of America, N.A. | 12/21/22 | USD | 3,657 | GBP | 3,163 | 22 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 11,108 | JPY | 1,590,010 | 341 | — |
FTSE All-World ex-US Small-Cap Index Fund
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | | Receive | Deliver | | |
| Bank of Montreal | 12/21/22 | USD | 6,846 | JPY | 965,395 | 309 | — |
| BNP Paribas | 12/21/22 | USD | 8,039 | TWD | 247,525 | 323 | — |
| | | | | | | 1,420 | (435) |
| AUD—Australian dollar. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| EUR—euro. |
| GBP—British pound. |
| INR—Indian rupee. |
| JPY—Japanese yen. |
| TWD—Taiwanese dollar. |
| USD—U.S. dollar. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $794,000 in connection with open forward currency contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Small-Cap Index Fund
Statement of Assets and Liabilities
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $10,394,883) | 8,348,330 |
| Affiliated Issuers (Cost $397,850) | 397,931 |
| Total Investments in Securities | 8,746,261 |
| Investment in Vanguard | 326 |
| Cash | 18,487 |
| Cash Collateral Pledged—Futures Contracts | 4,700 |
| Foreign Currency, at Value (Cost $16,027) | 15,521 |
| Receivables for Investment Securities Sold | 1,297 |
| Receivables for Accrued Income | 27,988 |
| Receivables for Capital Shares Issued | 685 |
| Unrealized Appreciation—Forward Currency Contracts | 1,420 |
| Total Assets | 8,816,685 |
| Liabilities | |
| Payables for Investment Securities Purchased | 18,736 |
| Collateral for Securities on Loan | 370,765 |
| Payables for Capital Shares Redeemed | 309 |
| Payables to Vanguard | 503 |
| Variation Margin Payable—Futures Contracts | 599 |
| Unrealized Depreciation—Forward Currency Contracts | 435 |
| Deferred Foreign Capital Gains Taxes | 3,260 |
| Total Liabilities | 394,607 |
| Net Assets | 8,422,078 |
| 1 Includes $336,879 of securities on loan. | |
| At October 31, 2022, net assets consisted of: | |
| | |
| Paid-in Capital | 10,560,334 |
| Total Distributable Earnings (Loss) | (2,138,256) |
| Net Assets | 8,422,078 |
| |
| ETF Shares—Net Assets | |
Applicable to 71,698,625 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 6,881,683 |
| Net Asset Value Per Share—ETF Shares | $95.98 |
| |
| Admiral Shares—Net Assets | |
Applicable to 49,562,116 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 1,174,368 |
| Net Asset Value Per Share—Admiral Shares | $23.69 |
| |
| Institutional Shares—Net Assets | |
Applicable to 1,995,489 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 366,027 |
| Net Asset Value Per Share—Institutional Shares | $183.43 |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Small-Cap Index Fund
Statement of Operations
|
| | | Year Ended
October 31, 2022 |
| | | ($000) |
| Investment Income | | |
| Income | | |
| Dividends1 | | 272,416 |
| Interest2 | | 423 |
| Securities Lending—Net | | 11,983 |
| Total Income | | 284,822 |
| Expenses | | |
| The Vanguard Group—Note B | | |
| Investment Advisory Services | | 1,032 |
Management and Administrative—
ETF Shares | | 2,811 |
Management and Administrative—
Admiral Shares | | 1,758 |
Management and Administrative—
Institutional Shares | | 300 |
Marketing and Distribution—
ETF Shares | | 358 |
Marketing and Distribution—
Admiral Shares | | 77 |
Marketing and Distribution—
Institutional Shares | | 17 |
| Custodian Fees | | 1,413 |
| Auditing Fees | | 38 |
| Shareholders’ Reports—ETF Shares | | 595 |
| Shareholders’ Reports—Admiral Shares | | 36 |
| Shareholders’ Reports—Institutional Shares | | — |
| Trustees’ Fees and Expenses | | 4 |
| Other Expenses | | 324 |
| Total Expenses | | 8,763 |
| Expenses Paid Indirectly | | (21) |
| Net Expenses | | 8,742 |
| Net Investment Income | | 276,080 |
| Realized Net Gain (Loss) | | |
| Investment Securities Sold2,3,4 | | 143,661 |
| Futures Contracts | | (28,691) |
| Forward Currency Contracts | | 7,076 |
| Foreign Currencies | | (10,227) |
| Realized Net Gain (Loss) | | 111,819 |
| Change in Unrealized Appreciation (Depreciation) | | |
| Investment Securities2,5 | | (3,762,184) |
| Futures Contracts | | (2,190) |
| Forward Currency Contracts | | 399 |
| Foreign Currencies | | (1,399) |
| Change in Unrealized Appreciation (Depreciation) | | (3,765,374) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | | (3,377,475) |
| | | |
| 1 | Dividends are net of foreign withholding taxes of $33,796,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $385,000, ($108,000), $2,000, and $62,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | Realized gain (loss) is net of foreign capital gain taxes of $7,585,000. |
| 4 | Includes $179,906,000 of net gain (loss) resulting from in-kind redemptions. |
| 5 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($9,506,000). |
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 276,080 | 208,699 |
| Realized Net Gain (Loss) | 111,819 | 284,018 |
| Change in Unrealized Appreciation (Depreciation) | (3,765,374) | 2,057,706 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (3,377,475) | 2,550,423 |
| Distributions | | |
| ETF Shares | (221,750) | (175,182) |
| Admiral Shares | (34,781) | (33,891) |
| Institutional Shares | (8,913) | (8,930) |
| Total Distributions | (265,444) | (218,003) |
| Capital Share Transactions | | |
| ETF Shares | (51,783) | 3,273,463 |
| Admiral Shares | 91,571 | 90,043 |
| Institutional Shares | 104,477 | 42,985 |
| Net Increase (Decrease) from Capital Share Transactions | 144,265 | 3,406,491 |
| Total Increase (Decrease) | (3,498,654) | 5,738,911 |
| Net Assets | | |
| Beginning of Period | 11,920,732 | 6,181,821 |
| End of Period | 8,422,078 | 11,920,732 |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Small-Cap Index Fund
| ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $137.63 | $102.74 | $105.96 | $100.93 | $116.30 |
| Investment Operations | | | | | |
| Net Investment Income1 | 3.157 | 2.770 | 2.177 | 2.871 | 3.019 |
| Net Realized and Unrealized Gain (Loss) on Investments | (41.764) | 35.250 | (2.905) | 5.156 | (15.269) |
| Total from Investment Operations | (38.607) | 38.020 | (.728) | 8.027 | (12.250) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (3.043) | (3.130) | (2.492) | (2.997) | (3.120) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (3.043) | (3.130) | (2.492) | (2.997) | (3.120) |
| Net Asset Value, End of Period | $95.98 | $137.63 | $102.74 | $105.96 | $100.93 |
| Total Return | -28.52% | 37.35% | -0.81% | 8.28% | -10.87% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $6,882 | $9,941 | $4,814 | $5,400 | $5,009 |
| Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.11% | 0.11% | 0.12% |
| Ratio of Net Investment Income to Average Net Assets | 2.72% | 2.10% | 2.17% | 2.80% | 2.60% |
| Portfolio Turnover Rate3 | 18% | 17% | 22% | 17% | 15% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| Admiral Shares | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, | February 7,
20191 to
October 31,
2019 |
| 2022 | 2021 | 2020 | |
| Net Asset Value, Beginning of Period | $33.98 | $25.37 | $26.16 | $25.00 |
| Investment Operations | | | | |
| Net Investment Income2 | .758 | .626 | .524 | .572 |
| Net Realized and Unrealized Gain (Loss) on Investments | (10.319) | 8.739 | (.711) | .935 |
| Total from Investment Operations | (9.561) | 9.365 | (.187) | 1.507 |
| Distributions | | | | |
| Dividends from Net Investment Income | (.729) | (.755) | (.603) | (.347) |
| Distributions from Realized Capital Gains | — | — | — | — |
| Total Distributions | (.729) | (.755) | (.603) | (.347) |
| Net Asset Value, End of Period | $23.69 | $33.98 | $25.37 | $26.16 |
| Total Return3 | -28.61% | 37.22% | -0.84% | 6.08% |
| Ratios/Supplemental Data | | | | |
| Net Assets, End of Period (Millions) | $1,174 | $1,585 | $1,110 | $981 |
| Ratio of Total Expenses to Average Net Assets | 0.16%4 | 0.16% | 0.16% | 0.16%5 |
| Ratio of Net Investment Income to Average Net Assets | 2.65% | 1.94% | 2.12% | 3.07%5 |
| Portfolio Turnover Rate6 | 18% | 17% | 22% | 17%7 |
| 1 | Inception. |
| 2 | Calculated based on average shares outstanding. |
| 3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.16%. |
| 5 | Annualized. |
| 6 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
| 7 | Reflects the fund’s portfolio turnover for the fiscal year ended October 31, 2019. |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Small-Cap Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $262.99 | $196.33 | $202.46 | $192.87 | $222.24 |
| Investment Operations | | | | | |
| Net Investment Income1 | 6.071 | 4.974 | 4.111 | 5.500 | 5.748 |
| Net Realized and Unrealized Gain (Loss) on Investments | (79.906) | 67.622 | (5.479) | 9.824 | (29.138) |
| Total from Investment Operations | (73.835) | 72.596 | (1.368) | 15.324 | (23.390) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (5.725) | (5.936) | (4.762) | (5.734) | (5.980) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (5.725) | (5.936) | (4.762) | (5.734) | (5.980) |
| Net Asset Value, End of Period | $183.43 | $262.99 | $196.33 | $202.46 | $192.87 |
| Total Return | -28.55% | 37.29% | -0.81% | 8.26% | -10.85% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $366 | $395 | $258 | $242 | $203 |
| Ratio of Total Expenses to Average Net Assets | 0.11%2 | 0.11% | 0.11% | 0.11% | 0.11% |
| Ratio of Net Investment Income to Average Net Assets | 2.76% | 1.99% | 2.13% | 2.81% | 2.61% |
| Portfolio Turnover Rate3 | 18% | 17% | 22% | 17% | 15% |
| 1 | Calculated based on average shares outstanding. |
| 2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.11%. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
FTSE All-World ex-US Small-Cap Index Fund
Notes to Financial Statements
Vanguard FTSE All-World ex-US Small-Cap Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
FTSE All-World ex-US Small-Cap Index Fund
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates.
The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the
FTSE All-World ex-US Small-Cap Index Fund
committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund's understanding of the applicable countries' tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and other expenses, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $326,000, representing less than 0.01% of the fund’s net assets and 0.13% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
| C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $21,000 (an annual rate of less than 0.01% of average net assets). |
| D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
FTSE All-World ex-US Small-Cap Index Fund
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks—North and South America | 1,594,544 | 11,725 | — | 1,606,269 |
| Common Stocks—Other | 37,441 | 6,691,181 | 13,439 | 6,742,061 |
| Temporary Cash Investments | 397,931 | — | — | 397,931 |
| Total | 2,029,916 | 6,702,906 | 13,439 | 8,746,261 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 423 | — | — | 423 |
| Forward Currency Contracts | — | 1,420 | — | 1,420 |
| Total | 423 | 1,420 | — | 1,843 |
| Liabilities | | | | |
| Futures Contracts1 | 2,502 | — | — | 2,502 |
| Forward Currency Contracts | — | 435 | — | 435 |
| Total | 2,502 | 435 | — | 2,937 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
| E. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 423 | — | 423 |
| Unrealized Appreciation—Forward Currency Contracts | — | 1,420 | 1,420 |
| Total Assets | 423 | 1,420 | 1,843 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 2,502 | — | 2,502 |
| Unrealized Depreciation—Forward Currency Contracts | — | 435 | 435 |
| Total Liabilities | 2,502 | 435 | 2,937 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (28,691) | — | (28,691) |
| Forward Currency Contracts | — | 7,076 | 7,076 |
| Realized Net Gain (Loss) on Derivatives | (28,691) | 7,076 | (21,615) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | (2,190) | — | (2,190) |
| Forward Currency Contracts | — | 399 | 399 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | (2,190) | 399 | (1,791) |
FTSE All-World ex-US Small-Cap Index Fund
| F. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable in-kind redemptions, foreign currency transactions, passive foreign investment companies, and tax expense on capital gains were reclassified between the following accounts: |
| | Amount
($000) |
| Paid-in Capital | 164,858 |
| Total Distributable Earnings (Loss) | (164,858) |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 132,691 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (133,509) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (2,139,187) |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 265,444 | 218,003 |
| Long-Term Capital Gains | — | — |
| Total | 265,444 | 218,003 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 10,880,740 |
| Gross Unrealized Appreciation | 835,630 |
| Gross Unrealized Depreciation | (2,969,905) |
| Net Unrealized Appreciation (Depreciation) | (2,134,275) |
| G. | During the year ended October 31, 2022, the fund purchased $2,631,207,000 of investment securities and sold $2,341,655,000 of investment securities, other than temporary cash investments. Purchases and sales include $435,130,000 and $568,589,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
| H. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| ETF Shares | | | | | |
| Issued | 673,248 | 5,673 | | 3,295,921 | 25,570 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | (725,031) | (6,200) | | (22,458) | (200) |
| Net Increase (Decrease)—ETF Shares | (51,783) | (527) | | 3,273,463 | 25,370 |
FTSE All-World ex-US Small-Cap Index Fund
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Admiral Shares | | | | | |
| Issued | 356,838 | 12,315 | | 340,644 | 10,647 |
| Issued in Lieu of Cash Distributions | 28,773 | 945 | | 28,511 | 920 |
| Redeemed | (294,040) | (10,348) | | (279,112) | (8,662) |
| Net Increase (Decrease)—Admiral Shares | 91,571 | 2,912 | | 90,043 | 2,905 |
| Institutional Shares | | | | | |
| Issued | 202,970 | 949 | | 157,920 | 642 |
| Issued in Lieu of Cash Distributions | 8,566 | 37 | | 8,704 | 36 |
| Redeemed | (107,059) | (493) | | (123,639) | (490) |
| Net Increase (Decrease)—Institutional Shares | 104,477 | 493 | | 42,985 | 188 |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Vanguard International Equity Index Funds and Shareholders of Vanguard FTSE All-World ex-US Index Fund and Vanguard FTSE All-World ex-US Small-Cap Index Fund
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Vanguard FTSE All-World ex-US Index Fund and Vanguard FTSE All-World ex-US Small-Cap Index Fund (two of the funds constituting Vanguard International Equity Index Funds, hereafter collectively referred to as the "Funds") as of October 31, 2022, the related statements of operations for the year ended October 31, 2022, the statements of changes in net assets for each of the two years in the period ended October 31, 2022 including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2022, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended October 31, 2022 and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 15, 2022
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
Tax information (unaudited) for Vanguard FTSE All-World ex-US Index Fund
The fund hereby designates $1,160,726,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $491,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $1,725,502,000 and foreign taxes paid of $131,097,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
Tax information (unaudited) for Vanguard FTSE All-World Ex-US Small-Cap Index Fund
The fund hereby designates $131,012,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $127,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $305,081,000 and foreign taxes paid of $40,139,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 206 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Member of the board of governors of the Investment Company Institute and the board of governors of FINRA. Trustee and vice chair of The Shipley School.
Independent Trustees
Tara Bunch
Born in 1962. Trustee since November 2021. Principal occupation(s) during the past five years and other experience: head of global operations at Airbnb (2020–present). Vice president of AppleCare (2012–2020). Member of the board of directors of Out & Equal (2002–2006), the advisory board of the University of California, Berkeley School of Engineering (2020–present), and the advisory board of Santa Clara University’s Leavey School of Business (2018–present).
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Member of the board of directors of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra. Trustee of the University of Rochester.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services). Director of the V Foundation. Member of the advisory council for the College of Arts and Letters at the University of Notre Dame. Chairman of the board of Saint Anselm College.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: adjunct professor of finance at the University of Notre Dame (2020–present). Chief investment officer (retired 2020) and vice president (retired 2020) of the University of Notre Dame. Assistant professor (retired June 2020) of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee. Member of the board of Catholic Investment Services, Inc. (investment advisors), the board of superintendence of the Institute for the Works of Religion, and the board of directors of Paxos Trust Company (finance).
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chief executive officer of Purposeful (advisory firm for CEOs and C-level executives; 2021–present). Board chair (2020), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of Individual Life and Disability of the Guardian Life Insurance Company of America. Member of the board of the Economic Club of New York. Trustee of the Partnership for New York City
(business leadership), Chief Executives for Corporate Purpose, and the NewYork-Presbyterian Hospital.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board (2018–present) of RIT Capital Partners (investment firm). Member of the investment committee of Partners Health
Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Colin W. Brown Distinguished Professor of the Practice of Law (2021–present), professor (2020–present), Distinguished Fellow of the Global Financial Markets Center (2020–present), and Rubenstein Fellow (2017–2020) at Duke University. Trustee (2017–present) of Amherst College and member of Amherst College Investment Committee (2019–present). Member of the Regenerative Crisis Response Committee (2020–present).
David A. Thomas
Born in 1956. Trustee since July 2021. Principal occupation(s) during the past five years and other experience: president of Morehouse College (2018–present). Professor of business administration, emeritus at Harvard University (2017–2018). Dean (2011–2016) and professor of management (2016–2017) at the Georgetown University McDonough School of Business. Director of DTE Energy Company (2013–present). Trustee of Common Fund (2019–present).
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth
1 Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
College (2001–2013). Member of the BMW Group Mobility Council.
Executive Officers
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2021–present) and treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Special assistant to the President of the United States (2015).
Ashley Grim
Born in 1984. Principal occupation(s) during the past five years and other experience: treasurer (February 2022–present) of each of the investment companies served by Vanguard. Fund transfer agent controller (2019–2022) and director of Audit Services (2017–2019) at Vanguard. Senior manager (2015–2017) at PriceWaterhouseCoopers (audit and assurance, consulting, and tax services).
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express. Nonexecutive director of the board of National Grid (energy).
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
| Matthew Benchener | Thomas M. Rampulla |
| Joseph Brennan | Karin A. Risi |
| Mortimer J. Buckley | Anne E. Robinson |
| Gregory Davis | Michael Rollings |
| John James | Nitin Tandon |
| Chris D. Mclsaac | Lauren Valente |
Connect with Vanguard®>vanguard.com
Fund Information > 800-662-7447
Direct Investor Account Services > 800-662-2739
Institutional Investor Services > 800-523-1036
Text Telephone for People Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
All comparative mutual fund data are from Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
Source for Bloomberg indexes: Bloomberg Index Services Limited. Copyright 2022, Bloomberg. All rights reserved.
© 2022 The Vanguard Group, Inc.
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Q7700 122022
Annual Report | October 31, 2022
Vanguard Global ex-U.S. Real Estate Index Fund
Contents
Your Fund’s Performance at a Glance
| 1 |
About Your Fund’s Expenses
| 2 |
Performance Summary
| 4 |
Financial Statements
| 7 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
| • | The 12 months ended October 31, 2022, were a volatile, challenging period for financial markets. For the period, Vanguard Global ex-U.S. Real Estate Index Fund returned –31.15% for ETF Shares (based on net asset value), –31.39% for Admiral Shares, and –31.44% for Institutional Shares. The fund’s benchmark returned –31.36%. |
| • | The economic backdrop deteriorated as inflation soared to multidecade highs, fueled in part by higher energy and food prices in the wake of Russia’s invasion of Ukraine. Then price increases broadened to other categories of goods and services, adding to concerns that inflation would remain stubbornly high. That prompted aggressive tightening by many central banks to bring inflation back in check and increased fears of a recession. |
| • | The rising interest rate environment held back the performance of real estate investment trusts (REITs) as well as real estate management and development companies. |
| • | By region, the Pacific region and Europe were the biggest laggards. Emerging markets, North America, and the Middle East held up better. |
Market Barometer
| | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | One Year | Three Years | Five Years |
| Stocks | | | |
| Russell 1000 Index (Large-caps) | -16.38% | 9.99% | 10.19% |
| Russell 2000 Index (Small-caps) | -18.54 | 7.05 | 5.56 |
| Russell 3000 Index (Broad U.S. market) | -16.52 | 9.79 | 9.87 |
| FTSE All-World ex US Index (International) | -24.20 | -1.16 | -0.18 |
| Bonds | | | |
Bloomberg U.S. Aggregate Float Adjusted Index
(Broad taxable market) | -15.69% | -3.73% | -0.50% |
Bloomberg Municipal Bond Index
(Broad tax-exempt market) | -11.98 | -2.18 | 0.37 |
| FTSE Three-Month U.S. Treasury Bill Index | 0.88 | 0.59 | 1.15 |
| CPI | | | |
| Consumer Price Index | 7.75% | 5.01% | 3.85% |
Fund returns are adjusted to reflect the 0.25% fee on purchases and redemptions of fund shares. The fees do not apply to the ETF shares.
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
| • | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
| • | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Actual Fund Return | | | |
| Global ex-U.S. Real Estate Index Fund | | | |
| ETF Shares | $1,000.00 | $765.40 | $0.53 |
| Admiral™ Shares | 1,000.00 | 766.10 | 0.53 |
| Institutional Shares | 1,000.00 | 765.50 | 0.49 |
| Based on Hypothetical 5% Yearly Return | | | |
| Global ex-U.S. Real Estate Index Fund | | | |
| ETF Shares | $1,000.00 | $1,024.60 | $0.61 |
| Admiral Shares | 1,000.00 | 1,024.60 | 0.61 |
| Institutional Shares | 1,000.00 | 1,024.65 | 0.56 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.12% for ETF Shares, 0.12% for Admiral Shares, and 0.11% for Institutional Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (184/365).
Global ex-U.S. Real Estate Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
 | Global ex-U.S. Real Estate Index Fund ETF Shares Net Asset Value | -31.15% | -4.65% | 0.87% | $10,902 |
| | Global ex-U.S. Real Estate Index Fund ETF Shares Market Price | -31.24 | -4.72 | 0.81 | 10,840 |
 | S&P Global ex-U.S. Property Index | -31.36 | -4.97 | 0.51 | 10,519 |
 | MSCI All Country World Index ex USA | -24.73 | -0.60 | 3.27 | 13,796 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| Global ex-U.S. Real Estate Index Fund Admiral Shares | -31.39% | -4.70% | 0.85% | $10,882 |
| S&P Global ex-U.S. Property Index | -31.36 | -4.97 | 0.51 | 10,519 |
Vanguard fund returns are adjusted to reflect the 0.25% fee on purchases and redemptions. The fees do not apply to the ETF Shares.
See Financial Highlights for dividend and capital gains information.
Global ex-U.S. Real Estate Index Fund
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| Global ex-U.S. Real Estate Index Fund Institutional Shares | -31.44% | -4.72% | 0.85% | $5,442,605 |
| S&P Global ex-U.S. Property Index | -31.36 | -4.97 | 0.51 | 5,259,450 |
Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022
| | One
Year | Five
Years | Ten
Years |
| Global ex-U.S. Real Estate Index Fund ETF Shares Market Price | -31.24% | -21.48% | 8.40% |
| Global ex-U.S. Real Estate Index Fund ETF Shares Net Asset Value | -31.15 | -21.17 | 9.02 |
| S&P Global ex-U.S. Property Index | -31.36 | -22.49 | 5.19 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
Vanguard fund returns are adjusted to reflect the 0.25% fee on purchases and redemptions. The fees do not apply to the ETF Shares.
Global ex-U.S. Real Estate Index Fund
| Japan | 24.5% |
| Australia | 10.5 |
| Hong Kong | 9.4 |
| United Kingdom | 7.7 |
| Singapore | 6.8 |
| China | 5.8 |
| Germany | 3.6 |
| Canada | 3.2 |
| Sweden | 3.1 |
| France | 2.6 |
| Israel | 2.3 |
| Switzerland | 2.0 |
| India | 2.0 |
| Belgium | 1.8 |
| United Arab Emirates | 1.6 |
| South Africa | 1.5 |
| Philippines | 1.4 |
| Taiwan | 1.2 |
| Mexico | 1.2 |
| Thailand | 1.1 |
| Saudi Arabia | 1.0 |
| Other | 5.7 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
Global ex-U.S. Real Estate Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | Shares | Market
Value•
($000) |
| Common Stocks (99.4%) |
| Australia (10.5%) |
| | Goodman Group | 8,139,117 | 88,559 |
| | Scentre Group | 24,845,428 | 46,238 |
| | Stockland | 11,406,069 | 26,281 |
| | Dexus (XASX) | 5,149,923 | 25,663 |
| | GPT Group | 9,170,929 | 25,344 |
| | Mirvac Group | 18,889,216 | 25,028 |
| | Vicinity Centres | 18,536,350 | 23,109 |
| | Charter Hall Group | 2,265,117 | 18,802 |
| | Lendlease Corp. Ltd. | 3,290,621 | 18,298 |
| | Shopping Centres Australasia Property Group | 5,352,565 | 9,323 |
| | Charter Hall Long Wale REIT | 3,115,829 | 8,688 |
| | National Storage REIT | 5,154,946 | 8,626 |
| | Charter Hall Retail REIT | 2,476,957 | 6,378 |
| | HomeCo Daily Needs REIT | 7,429,145 | 6,079 |
| | BWP Trust | 2,304,191 | 6,027 |
| | Waypoint REIT Ltd. | 3,403,170 | 5,942 |
| | Lifestyle Communities Ltd. | 465,951 | 5,231 |
| | Centuria Industrial REIT | 2,580,860 | 5,015 |
| | Ingenia Communities Group | 1,758,269 | 4,412 |
| | Arena REIT | 1,663,013 | 4,188 |
| | Centuria Capital Group | 3,320,603 | 3,578 |
| 1 | Charter Hall Social Infrastructure REIT | 1,588,963 | 3,529 |
| | Abacus Property Group | 1,966,895 | 3,526 |
| | Cromwell Property Group | 6,736,349 | 3,021 |
| | Rural Funds Group | 1,838,893 | 3,000 |
| | Growthpoint Properties Australia Ltd. | 1,404,836 | 2,991 |
| | Home Consortium Ltd. | 933,323 | 2,853 |
| | Centuria Office REIT | 2,060,667 | 1,985 |
| | Hotel Property Investments | 932,712 | 1,853 |
| | Dexus Industria REIT | 1,004,705 | 1,703 |
| | GDI Property Group | 2,370,647 | 1,197 |
| 1 | HealthCo REIT | 1,247,312 | 1,126 |
| 1 | Ram Essential Services Prope | 1,737,657 | 819 |
| | Cedar Woods Properties Ltd. | 305,114 | 771 |
| | | | 399,183 |
| | | Shares | Market
Value•
($000) |
| Austria (0.3%) |
| | CA Immobilien Anlagen AG | 218,743 | 6,909 |
| | S IMMO AG (XWBO) | 101,831 | 2,290 |
| *,1 | IMMOFINANZ AG | 152,965 | 1,803 |
| *,2 | S IMMO AG Rights Exp. 8/11/23 | 103,034 | — |
| | | | 11,002 |
| Belgium (1.8%) |
| | Warehouses De Pauw CVA | 677,266 | 17,383 |
| | Aedifica SA | 190,241 | 14,508 |
| | Cofinimmo SA | 143,981 | 11,941 |
| | Shurgard Self Storage SA | 118,551 | 5,162 |
| | Montea NV | 58,961 | 4,022 |
| | VGP NV | 50,219 | 3,808 |
| | Retail Estates NV | 53,863 | 3,172 |
| | Xior Student Housing NV | 98,943 | 2,779 |
| | Intervest Offices & Warehouses NV | 114,086 | 2,473 |
| 1 | Care Property Invest NV | 132,320 | 2,150 |
| | Immobel SA | 19,917 | 815 |
| | | | 68,213 |
| Brazil (0.7%) |
| | BR Malls Participacoes SA | 3,345,171 | 6,573 |
| | Multiplan Empreendimentos Imobiliarios SA | 1,277,988 | 6,522 |
| | Iguatemi SA (BVMF) | 975,995 | 4,142 |
| | Aliansce Sonae Shopping Centers SA | 653,441 | 2,749 |
| | JHSF Participacoes SA | 1,468,001 | 2,086 |
| | LOG Commercial Properties e Participacoes SA | 202,469 | 892 |
| | Terra Santa Propriedades Agricolas SA | 153,096 | 887 |
| | BR Properties SA | 638,965 | 768 |
| | Lavvi Empreendimentos Imobiliarios Ltda | 404,659 | 496 |
| * | Iguatemi SA Pref Preference | 118,065 | 215 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| 3 | Mitre Realty Empreendimentos E Participacoes LTDA | 11,500 | 12 |
| | Iguatemi SA | 60 | — |
| | | | 25,342 |
| Canada (3.2%) |
| | Canadian Apartment Properties REIT | 404,692 | 12,533 |
| | Tricon Capital Group Inc. | 1,306,233 | 11,007 |
| | RioCan REIT | 711,834 | 10,142 |
| | Granite REIT | 152,874 | 7,812 |
| 1 | Choice Properties REIT | 769,317 | 7,392 |
| 1 | SmartCentres REIT | 338,823 | 6,640 |
| | First Capital REIT | 502,059 | 5,841 |
| | Allied Properties REIT | 300,270 | 5,817 |
| | Summit Industrial Income REIT | 443,315 | 5,665 |
| 1 | H&R REIT | 625,567 | 5,147 |
| | Dream Industrial REIT | 596,347 | 4,793 |
| 1 | NorthWest Healthcare Properties REIT | 558,401 | 4,402 |
| 1 | Boardwalk REIT | 108,088 | 3,846 |
| 1 | Killam Apartment REIT | 272,883 | 3,163 |
| 1 | CT REIT | 250,763 | 2,853 |
| 1 | InterRent REIT | 330,374 | 2,782 |
| 1 | Crombie REIT | 246,430 | 2,697 |
| | Primaris REIT | 236,289 | 2,433 |
| 1 | DREAM Unlimited Corp. Class A | 107,765 | 1,966 |
| 1 | Artis REIT | 271,287 | 1,902 |
| | Morguard Corp. | 20,823 | 1,712 |
| 1 | Slate Grocery REIT | 135,252 | 1,406 |
| 1 | Dream Office REIT | 110,090 | 1,245 |
| | BSR REIT | 87,821 | 1,238 |
| 1 | Morguard North American Residential REIT | 90,641 | 1,058 |
| 1 | True North Commercial REIT | 212,327 | 962 |
| 1,3 | Minto Apartment REIT | 91,209 | 893 |
| 1 | Nexus Industrial REIT | 136,577 | 888 |
| 1 | Automotive Properties REIT | 90,739 | 794 |
| 1 | Slate Office REIT | 186,323 | 636 |
| 1 | PRO REIT | 137,891 | 593 |
| 1 | BTB REIT | 195,711 | 481 |
| 1 | European Residential REIT | 201,601 | 416 |
| 1 | Inovalis REIT | 70,190 | 219 |
| | | | 121,374 |
| Chile (0.2%) |
| | Parque Arauco SA | 3,265,872 | 2,767 |
| | Cencosud Shopping SA | 2,293,281 | 2,506 |
| | Plaza SA | 1,407,640 | 1,205 |
| | | | 6,478 |
| China (5.8%) |
| | China Resources Land Ltd. | 13,640,446 | 42,678 |
| | China Overseas Land & Investment Ltd. | 17,803,710 | 34,021 |
| | Wharf Holdings Ltd. | 5,852,652 | 16,759 |
| | China Vanke Co. Ltd. Class H | 8,777,783 | 11,265 |
| 3 | Longfor Group Holdings Ltd. | 7,856,508 | 10,011 |
| | | Shares | Market
Value•
($000) |
| | Poly Developments and Holdings Group Co. Ltd. Class A | 4,600,385 | 8,741 |
| | China Vanke Co. Ltd. Class A | 3,961,510 | 7,343 |
| | China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 2,974,137 | 5,362 |
| | Yuexiu Property Co. Ltd. | 5,933,218 | 5,063 |
| 1 | Country Garden Holdings Co. | 36,222,163 | 4,669 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 5,309,708 | 3,948 |
| | C&D International Investment Group Ltd. | 2,513,000 | 3,899 |
| | Greentown China Holdings Ltd. | 3,739,314 | 3,568 |
| | China Jinmao Holdings Group Ltd. | 25,521,054 | 3,381 |
| 1 | Hopson Development Holdings Ltd. | 3,504,378 | 2,809 |
| | Gemdale Corp. Class A | 1,735,761 | 1,868 |
| | Yuexiu REIT | 10,739,576 | 1,847 |
| | China Overseas Grand Oceans Group Ltd. | 6,359,079 | 1,796 |
| * | Seazen Holdings Co. Ltd. Class A | 863,953 | 1,564 |
| | Shui On Land Ltd. | 17,012,538 | 1,560 |
| | Shenzhen Investment Ltd. | 11,098,201 | 1,512 |
| | Poly Property Group Co. Ltd. | 9,511,048 | 1,490 |
| | Gemdale Properties & Investment Corp. Ltd. | 27,160,000 | 1,488 |
| | Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 1,184,718 | 1,455 |
| *,1,2 | China Evergrande Group | 8,834,921 | 1,393 |
| * | SOHO China Ltd. | 9,062,545 | 1,329 |
| 1 | Agile Group Holdings Ltd. | 6,903,409 | 1,313 |
| 1 | Radiance Holdings Group Co. Ltd. | 3,112,000 | 1,286 |
| *,1 | Seazen Group Ltd. | 7,792,666 | 1,252 |
| 1,2 | CIFI Holdings Group Co. Ltd. | 19,265,776 | 1,247 |
| 2 | Shimao Group Holdings Ltd. | 6,178,164 | 1,181 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 1,343,331 | 1,159 |
| | Shanghai Lingang Holdings Corp. Ltd. Class A | 723,863 | 1,138 |
| 1 | Guangzhou R&F Properties Co. Ltd. Class H | 7,873,813 | 1,074 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A | 832,343 | 1,041 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| 3 | Red Star Macalline Group Corp. Ltd. Class H | 4,050,036 | 1,024 |
| | Sino-Ocean Group Holding Ltd. | 14,870,329 | 986 |
| | Tianjin Guangyu Development Co. Ltd. Class A | 539,371 | 977 |
| 3 | Midea Real Estate Holding Ltd. | 1,365,016 | 954 |
| 1 | China South City Holdings Ltd. | 19,968,111 | 953 |
| | Huafa Industrial Co. Ltd. Zhuhai Class A | 801,406 | 939 |
| | Shanghai Wanye Enterprises Co. Ltd. Class A | 363,466 | 936 |
| | Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 594,227 | 917 |
| | Shanghai Lingang Holdings Corp. Ltd. Class B | 999,873 | 888 |
| *,1,3 | Redco Properties Group Ltd. | 3,606,000 | 767 |
| | Financial Street Holdings Co. Ltd. Class A | 1,152,751 | 733 |
| | Beijing Capital Development Co. Ltd. Class A | 983,750 | 688 |
| *,1,2 | China Aoyuan Group Ltd. | 6,084,000 | 686 |
| 1 | China Merchants Commercial REIT | 2,799,000 | 606 |
| * | GR Properties Ltd. | 4,710,000 | 599 |
| *,1,2 | Nam Tai Property Inc. | 134,535 | 567 |
| | Nanjing Gaoke Co. Ltd. | 664,495 | 566 |
| | Powerlong Real Estate Holdings Ltd. | 6,751,139 | 551 |
| | Kwg Group Holdings Ltd. | 5,670,658 | 549 |
| * | Grandjoy Holdings Group Co. Ltd. Class A | 1,268,199 | 548 |
| | Shanghai Shibei Hi-Tech Co. Ltd. Class B | 2,181,859 | 547 |
| | Gree Real Estate Co. Ltd. Class A | 710,337 | 546 |
| *,1 | Ganglong China Property Group Ltd. | 2,020,000 | 527 |
| | China SCE Group Holdings Ltd. | 10,145,766 | 524 |
| *,1 | LVGEM China Real Estate Investment Co. Ltd. | 5,380,000 | 514 |
| * | Jinke Properties Group Co. Ltd. Class A | 2,080,895 | 507 |
| | Suning Universal Co. Ltd. Class A | 1,173,847 | 486 |
| *,1 | Yincheng International Holding Co. Ltd. | 2,682,000 | 472 |
| | China World Trade Center Co. Ltd. Class A | 247,759 | 462 |
| * | RiseSun Real Estate Development Co. Ltd. Class A | 1,661,687 | 457 |
| | | Shares | Market
Value•
($000) |
| * | Joy City Property Ltd. | 17,165,500 | 444 |
| * | Datang Group Holdings Ltd. | 2,466,000 | 439 |
| | Beijing North Star Co. Ltd. Class H | 4,634,000 | 437 |
| * | Shenzhen New Nanshan Holding Group Co. Ltd. Class A | 1,042,729 | 433 |
| * | Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 1,464,622 | 410 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 285,065 | 396 |
| * | Shanghai Shimao Co. Ltd. Class A | 1,296,424 | 389 |
| * | Greattown Holdings Ltd. Class A | 887,331 | 383 |
| | China-Singapore Suzhou Industrial Park Development Group Co. Ltd. Class A | 354,088 | 379 |
| * | Yango Group Co. Ltd. Class A | 1,591,019 | 367 |
| | Lushang Health Industry Development Co. Ltd. Class A | 390,870 | 350 |
| | Red Star Macalline Group Corp. Ltd. Class A | 533,012 | 309 |
| 1 | Dexin China Holdings Co. Ltd. | 3,477,000 | 302 |
| * | Guangdong Highsun Group Co. Ltd. | 976,703 | 293 |
| | Hefei Urban Construction Development Co. Ltd. Class A | 314,465 | 268 |
| *,1 | Redsun Properties Group Ltd. | 4,511,000 | 259 |
| *,1 | Zhenro Properties Group Ltd. | 9,660,000 | 257 |
| *,1 | Yuzhou Group Holdings Co. Ltd. | 9,828,383 | 256 |
| *,1 | Jiayuan International Group Ltd. | 15,434,000 | 247 |
| 1 | Times China Holdings Ltd. | 3,697,000 | 231 |
| * | Zhong An Group Ltd. | 9,653,000 | 227 |
| | Logan Group Co. Ltd. | 4,944,984 | 201 |
| | Road King Infrastructure Ltd. | 654,593 | 187 |
| *,1,2 | Jingrui Holdings Ltd. | 2,333,000 | 175 |
| | Greenland Hong Kong Holdings Ltd. | 3,378,000 | 174 |
| *,1,2 | Fantasia Holdings Group Co. Ltd. | 6,671,943 | 170 |
| * | Zhongliang Holdings Group Co. Ltd. | 3,463,000 | 150 |
| 2 | Kaisa Group Holdings Ltd. | 6,019,944 | 130 |
| 1 | Central China Real Estate Ltd. | 4,464,000 | 117 |
| *,2 | Sunac China Holdings Ltd. | 15,857,136 | 101 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | Beijing North Star Co. Ltd. Class A | 401,173 | 100 |
| * | Zhuguang Holdings Group Co. Ltd. | 938,000 | 77 |
| *,2 | Yida China Holdings Ltd. | 4,082,000 | 62 |
| * | Sanxun Holdings Group Ltd. | 667,700 | 16 |
| * | Sunkwan Properties Group Ltd. | 3,360,000 | 15 |
| | DaFa Properties Group Ltd. | 449,970 | 5 |
| * | Leading Holdings Group Ltd. | 133,000 | 4 |
| *,2 | Sinic Holdings Group Co. Ltd. Class H | 2,979,000 | — |
| *,2 | Zhongan Group Rights | 50,803 | — |
| | | | 220,746 |
| Denmark (0.0%) |
| 1 | VIB Vermoegen AG | 52,984 | 1,015 |
| Egypt (0.1%) |
| | Talaat Moustafa Group | 4,743,988 | 1,623 |
| * | Medinet Nasr Housing | 5,803,521 | 664 |
| | Heliopolis Housing | 1,831,963 | 444 |
| | Palm Hills Developments SAE | 5,882,371 | 360 |
| | | | 3,091 |
| Finland (0.3%) |
| | Kojamo OYJ | 852,690 | 11,098 |
| 1 | Citycon OYJ | 386,997 | 2,411 |
| | | | 13,509 |
| France (2.6%) |
| *,1 | Unibail-Rodamco-Westfield | 510,953 | 24,147 |
| | Gecina SA | 260,604 | 23,234 |
| | Klepierre SA | 933,586 | 18,764 |
| | Covivio | 222,188 | 11,896 |
| | ICADE | 153,169 | 5,698 |
| | Nexity SA | 239,604 | 4,799 |
| | Carmila SA | 274,396 | 3,839 |
| | Mercialys SA | 368,112 | 3,188 |
| | Altarea SCA | 22,380 | 2,981 |
| | | | 98,546 |
| Germany (3.6%) |
| | Vonovia SE | 3,808,351 | 84,205 |
| | LEG Immobilien SE (XETR) | 354,086 | 23,117 |
| | Aroundtown SA | 4,397,710 | 8,717 |
| | TAG Immobilien AG | 840,557 | 5,264 |
| | Deutsche Wohnen SE | 247,369 | 4,990 |
| | Grand City Properties SA | 371,037 | 3,609 |
| | Hamborner REIT AG | 338,712 | 2,416 |
| 3 | Instone Real Estate Group SE | 221,852 | 1,615 |
| | DIC Asset AG | 181,982 | 1,255 |
| 1 | Deutsche EuroShop AG (XETR) | 47,332 | 1,014 |
| *,1,3 | ADLER Group SA | 354,733 | 526 |
| | alstria office REIT AG | 42,008 | 372 |
| | | | 137,100 |
| Greece (0.1%) |
| * | LAMDA Development SA | 397,966 | 2,411 |
| | | Shares | Market
Value•
($000) |
| Hong Kong (9.3%) |
| | Sun Hung Kai Properties Ltd. | 7,212,441 | 77,507 |
| | Link REIT | 10,114,889 | 59,785 |
| | CK Asset Holdings Ltd. | 9,422,113 | 52,091 |
| | Wharf Real Estate Investment Co. Ltd. | 7,402,652 | 29,167 |
| | Hongkong Land Holdings Ltd. | 5,184,012 | 19,958 |
| 3 | ESR Cayman Ltd. | 11,694,400 | 19,943 |
| | Sino Land Co. Ltd. | 15,482,022 | 16,532 |
| | Henderson Land Development Co. Ltd. | 6,244,936 | 15,289 |
| | New World Development Co. Ltd. | 6,624,000 | 13,549 |
| | Hang Lung Properties Ltd. | 8,802,932 | 11,074 |
| | Swire Properties Ltd. | 5,021,200 | 9,650 |
| | Hysan Development Co. Ltd. | 2,837,655 | 6,185 |
| | Fortune REIT | 6,899,861 | 4,404 |
| | Kerry Properties Ltd. | 2,781,832 | 4,401 |
| | Hang Lung Group Ltd. | 3,328,103 | 4,317 |
| | Champion REIT | 9,133,512 | 2,734 |
| | K Wah International Holdings Ltd. | 6,546,338 | 1,833 |
| | Sunlight REIT | 4,731,400 | 1,505 |
| * | Shun Tak Holdings Ltd. | 10,864,000 | 1,411 |
| | Far East Consortium International Ltd. | 6,235,400 | 1,405 |
| | Prosperity REIT | 5,873,649 | 1,243 |
| 1 | SF REIT | 2,484,000 | 858 |
| *,1 | Zensun Enterprises Ltd. | 2,573,000 | 380 |
| | | | 355,221 |
| India (2.0%) |
| | DLF Ltd. | 2,961,412 | 13,803 |
| | Embassy Office Parks REIT | 2,905,868 | 12,098 |
| * | Godrej Properties Ltd. | 560,806 | 8,557 |
| | Phoenix Mills Ltd. | 454,502 | 7,843 |
| | Oberoi Realty Ltd. | 558,556 | 6,252 |
| * | Macrotech Developers Ltd. | 416,416 | 4,987 |
| 3 | Mindspace Business Parks REIT | 1,055,592 | 4,529 |
| | Brigade Enterprises Ltd. | 619,908 | 3,746 |
| | Prestige Estates Projects Ltd. | 673,824 | 3,604 |
| 3 | Brookfield India Real Estate Trust | 740,043 | 2,823 |
| * | Indiabulls Real Estate Ltd. | 2,277,727 | 2,144 |
| | Mahindra Lifespace Developers Ltd. | 363,972 | 1,767 |
| | Sobha Ltd. | 173,615 | 1,317 |
| | Sunteck Realty Ltd. | 226,816 | 1,068 |
| | NESCO Ltd. | 106,453 | 743 |
| * | Hemisphere Properties India Ltd. | 393,544 | 453 |
| | | | 75,734 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| Indonesia (0.3%) |
| | Ciputra Development Tbk PT | 41,647,291 | 2,509 |
| * | Bumi Serpong Damai Tbk PT | 41,421,627 | 2,470 |
| | Pakuwon Jati Tbk PT | 70,919,128 | 1,993 |
| | Summarecon Agung Tbk PT | 51,350,781 | 1,949 |
| * | Lippo Karawaci Tbk PT | 157,819,049 | 1,012 |
| * | Alam Sutera Realty Tbk PT | 51,430,197 | 574 |
| | Puradelta Lestari Tbk PT | 42,960,000 | 501 |
| * | Mega Manunggal Property Tbk PT | 11,717,800 | 356 |
| * | Pollux Properti Indonesia Tbk PT | 7,928,400 | 153 |
| *,2 | Armidian Karyatama Tbk PT | 34,315,100 | 110 |
| *,2 | Hanson International Tbk PT | 444,252,900 | — |
| * | Kawasan Industri Jababeka Tbk PT | 0 | — |
| | | | 11,627 |
| Ireland (0.1%) |
| | Irish Residential Properties REIT plc | 2,066,272 | 2,234 |
| Israel (2.3%) |
| | Azrieli Group Ltd. | 173,785 | 12,875 |
| | Mivne Real Estate KD Ltd. | 2,858,778 | 8,888 |
| | Alony Hetz Properties & Investments Ltd. | 719,001 | 8,433 |
| | Melisron Ltd. | 109,112 | 8,095 |
| | Big Shopping Centers Ltd. | 56,230 | 6,305 |
| | Amot Investments Ltd. | 1,034,723 | 6,259 |
| * | Airport City Ltd. | 309,223 | 5,120 |
| | REIT 1 Ltd. | 885,022 | 4,644 |
| | Mega Or Holdings Ltd. | 108,359 | 3,151 |
| | Sella Capital Real Estate Ltd. | 1,037,243 | 2,667 |
| | Summit Real Estate Holdings Ltd. | 167,769 | 2,338 |
| | YH Dimri Construction & Development Ltd. | 33,321 | 2,026 |
| | Blue Square Real Estate Ltd. | 25,716 | 1,708 |
| | Israel Canada T.R Ltd. | 585,889 | 1,689 |
| | Menivim- The New REIT Ltd. | 3,295,692 | 1,670 |
| | Isras Investment Co. Ltd. | 7,750 | 1,459 |
| | Electra Real Estate Ltd. | 108,679 | 1,334 |
| | G City Ltd. | 382,941 | 1,236 |
| | Africa Israel Residences Ltd. | 29,681 | 1,191 |
| | Israel Land Development - Urban Renewal Ltd. | 87,248 | 1,134 |
| | Gav-Yam Lands Corp. Ltd. | 133,509 | 1,132 |
| | Aura Investments Ltd. | 601,585 | 1,063 |
| * | Property & Building Corp. Ltd. | 12,877 | 954 |
| | IES Holdings Ltd. | 12,812 | 895 |
| | | Shares | Market
Value•
($000) |
| | Prashkovsky Investments and Construction Ltd. | 35,350 | 849 |
| | AFI Properties Ltd. | 25,403 | 762 |
| | Norstar Holdings Inc. | 97,037 | 504 |
| | | | 88,381 |
| Italy (0.0%) |
| | Immobiliare Grande Distribuzione SIIQ SpA | 257,911 | 743 |
| Japan (24.3%) |
| | Mitsui Fudosan Co. Ltd. | 4,565,557 | 87,423 |
| | Mitsubishi Estate Co. Ltd. | 6,326,745 | 79,561 |
| | Daiwa House Industry Co. Ltd. | 3,188,074 | 64,231 |
| | Sumitomo Realty & Development Co. Ltd. | 2,278,967 | 52,266 |
| | Nippon Building Fund Inc. | 8,147 | 36,215 |
| | Daito Trust Construction Co. Ltd. | 329,525 | 32,631 |
| | Japan Real Estate Investment Corp. | 6,631 | 27,786 |
| | Nippon Prologis REIT Inc. | 12,783 | 26,822 |
| | Nomura Real Estate Master Fund Inc. | 22,591 | 25,773 |
| | Japan Metropolitan Fund Investment | 33,481 | 24,666 |
| | GLP J-REIT | 21,517 | 22,315 |
| | Hulic Co. Ltd. | 2,860,337 | 20,778 |
| | Daiwa House REIT Investment Corp. | 10,226 | 20,639 |
| | Orix JREIT Inc. | 13,213 | 17,727 |
| | United Urban Investment Corp. | 14,914 | 15,779 |
| | Advance Residence Investment Corp. | 6,629 | 15,433 |
| | Tokyu Fudosan Holdings Corp. | 2,887,544 | 14,650 |
| | Tokyo Tatemono Co. Ltd. | 998,783 | 13,736 |
| | Japan Prime Realty Investment Corp. | 4,770 | 12,955 |
| | Nomura Real Estate Holdings Inc. | 550,229 | 12,437 |
| | Sekisui House REIT Inc. | 21,217 | 11,433 |
| | Japan Hotel REIT Investment Corp. | 21,401 | 11,275 |
| | Industrial & Infrastructure Fund Investment Corp. | 9,917 | 10,474 |
| | Activia Properties Inc. | 3,508 | 10,391 |
| | Nippon Accommodations Fund Inc. | 2,413 | 10,275 |
| | Japan Logistics Fund Inc. | 4,476 | 9,590 |
| | Kenedix Office Investment Corp. | 4,110 | 9,363 |
| | Invincible Investment Corp. | 29,203 | 9,167 |
| | LaSalle Logiport REIT | 8,541 | 9,116 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | AEON REIT Investment Corp. | 8,120 | 8,742 |
| | Frontier Real Estate Investment Corp. | 2,461 | 8,688 |
| | Mitsui Fudosan Logistics Park Inc. | 2,615 | 8,676 |
| | Mori Hills REIT Investment Corp. | 7,789 | 8,532 |
| | Daiwa Securities Living Investments Corp. | 10,564 | 8,200 |
| | Kenedix Residential Next Investment Corp. | 5,005 | 7,338 |
| | Hulic REIT Inc. | 6,132 | 7,183 |
| | Comforia Residential REIT Inc. | 3,121 | 6,626 |
| | Daiwa Office Investment Corp. | 1,392 | 6,576 |
| | NTT UD REIT Investment Corp. | 6,706 | 6,570 |
| | Mitsubishi Estate Logistics REIT Investment Corp. | 2,158 | 6,387 |
| | Tokyu REIT Inc. | 4,441 | 6,326 |
| | Hoshino Resorts REIT Inc. | 1,228 | 5,829 |
| | Japan Excellent Inc. | 6,073 | 5,616 |
| | Katitas Co. Ltd. | 240,892 | 5,391 |
| | NIPPON REIT Investment Corp. | 2,148 | 5,303 |
| | Kenedix Retail REIT Corp. | 2,781 | 4,999 |
| | Aeon Mall Co. Ltd. | 456,083 | 4,962 |
| | Heiwa Real Estate REIT Inc. | 4,632 | 4,802 |
| | Mori Trust Sogo REIT Inc. | 4,648 | 4,638 |
| | Heiwa Real Estate Co. Ltd. | 154,032 | 4,271 |
| | Fukuoka REIT Corp. | 3,497 | 4,082 |
| | Ichigo Office REIT Investment Corp. | 7,217 | 4,076 |
| | CRE Logistics REIT Inc. | 2,712 | 3,731 |
| | Global One Real Estate Investment Corp. | 4,576 | 3,532 |
| | Hankyu Hanshin REIT Inc. | 3,324 | 3,451 |
| | Star Asia Investment Corp. | 8,571 | 3,271 |
| | SOSiLA Logistics REIT Inc. | 3,261 | 3,126 |
| | SAMTY Co. Ltd. | 191,900 | 3,033 |
| | Starts Corp. Inc. | 159,400 | 2,816 |
| | Samty Residential Investment Corp. | 3,450 | 2,786 |
| | Mirai Corp. | 8,432 | 2,716 |
| | Itochu Advance Logistics Investment Corp. | 2,700 | 2,640 |
| | Ichigo Inc. | 1,164,000 | 2,620 |
| | Health Care & Medical Investment Corp. | 1,735 | 2,386 |
| | One REIT Inc. | 1,283 | 2,138 |
| | Keihanshin Building Co. Ltd. | 211,800 | 1,881 |
| | Takara Leben Real Estate Investment Corp. | 2,748 | 1,873 |
| | | Shares | Market
Value•
($000) |
| 1 | Starts Proceed Investment Corp. | 1,061 | 1,691 |
| * | Leopalace21 Corp. | 858,550 | 1,634 |
| *,1 | TKP Corp. | 77,600 | 1,572 |
| | Mori Trust Hotel REIT Inc. | 1,520 | 1,442 |
| | Sankei Real Estate Inc. | 2,236 | 1,403 |
| 1 | Tosei REIT Investment Corp. | 1,450 | 1,337 |
| | ESCON Japan REIT Investment Corp. | 1,645 | 1,274 |
| | Tosei Corp. | 132,800 | 1,267 |
| *,1 | SRE Holdings Corp. | 47,500 | 1,203 |
| | TOC Co. Ltd. | 228,529 | 1,188 |
| | Takara Leben Co. Ltd. | 402,452 | 1,082 |
| | Sun Frontier Fudousan Co. Ltd. | 129,500 | 1,000 |
| | Xymax REIT Investment Corp. | 1,141 | 944 |
| | Ichigo Hotel REIT Investment Corp. | 1,191 | 857 |
| | Marimo Regional Revitalization REIT Inc. | 855 | 790 |
| | Goldcrest Co. Ltd. | 65,040 | 763 |
| | Nippon Commercial Development Co. Ltd. | 54,800 | 755 |
| | JSB Co. Ltd. | 27,200 | 704 |
| | Tokaido REIT Inc. | 780 | 637 |
| 1 | CRE Inc. | �� 68,700 | 628 |
| | Arealink Co. Ltd. | 41,700 | 529 |
| | Dear Life Co. Ltd. | 123,100 | 516 |
| | Ooedo Onsen REIT Investment Corp. | 1,090 | 504 |
| | Star Mica Holdings Co. Ltd. | 53,100 | 500 |
| | Japan Property Management Center Co. Ltd. | 63,200 | 432 |
| | Nisshin Group Holdings Co. Ltd. | 135,100 | 391 |
| | | | 925,763 |
| Kuwait (0.4%) |
| | Mabanee Co. KPSC | 2,862,870 | 8,055 |
| * | National Real Estate Co. KPSC | 5,238,654 | 2,370 |
| | Commercial Real Estate Co. KSC | 7,105,260 | 2,280 |
| | Kuwait Real Estate Co. KSC | 2,652,281 | 941 |
| * | Al Mazaya Holding Co. KSCP | 3,054,462 | 487 |
| | | | 14,133 |
| Malaysia (0.4%) |
| | Sunway REIT | 8,863,934 | 2,627 |
| | IGB REIT | 7,762,000 | 2,577 |
| | Axis REIT | 6,451,500 | 2,551 |
| | IOI Properties Group Bhd. | 8,452,900 | 1,842 |
| | Sime Darby Property Bhd. | 14,365,000 | 1,382 |
| | Matrix Concepts Holdings Bhd. | 4,348,242 | 1,304 |
| | UOA Development Bhd. | 3,390,500 | 1,120 |
| | Pavilion REIT | 3,525,300 | 925 |
| | Mah Sing Group Bhd. | 7,378,625 | 798 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | SP Setia Bhd. Group | 7,839,800 | 794 |
| | Eco World Development Group Bhd. (XKLS) | 6,019,900 | 771 |
| * | UEM Sunrise Bhd. | 5,522,965 | 240 |
| * | Eastern & Oriental Bhd. | 1,867,600 | 161 |
| * | Eco World International Bhd. | 1,213,500 | 68 |
| | YTL Hospitality REIT | 154,800 | 28 |
| * | Eco World Development Group Bhd. Warrants Exp. 4/12/29 | 1,186,080 | 16 |
| | | | 17,204 |
| Mexico (1.2%) |
| | Fibra Uno Administracion SA de CV | 13,719,085 | 16,009 |
| | Prologis Property Mexico SA de CV | 2,817,868 | 7,236 |
| | Corp. Inmobiliaria Vesta SAB de CV | 3,173,650 | 6,897 |
| | PLA Administradora Industrial S de RL de CV | 3,702,808 | 5,188 |
| | Concentradora Fibra Danhos SA de CV | 4,025,209 | 4,978 |
| 3 | Macquarie Mexico Real Estate Management SA de CV | 3,467,990 | 4,612 |
| | | | 44,920 |
| Netherlands (0.4%) |
| | Eurocommercial Properties NV | 204,185 | 4,490 |
| 3 | CTP NV | 352,821 | 3,659 |
| | Wereldhave NV | 194,059 | 2,377 |
| | NSI NV | 85,611 | 2,047 |
| | Vastned Retail NV | 86,691 | 1,760 |
| * | Argo Properties NV | 58,116 | 1,216 |
| | | | 15,549 |
| New Zealand (0.6%) |
| | Goodman Property Trust | 5,029,498 | 6,048 |
| | Precinct Properties New Zealand Ltd. | 6,457,592 | 4,633 |
| | Kiwi Property Group Ltd. | 7,517,635 | 3,947 |
| | Vital Healthcare Property Trust | 2,238,813 | 3,043 |
| | Argosy Property Ltd. | 4,052,594 | 2,793 |
| | Stride Property Group | 2,587,139 | 2,406 |
| | | | 22,870 |
| Norway (0.1%) |
| 3 | Entra ASA | 592,177 | 5,398 |
| Philippines (1.4%) |
| | SM Prime Holdings Inc. | 55,279,007 | 30,189 |
| | Ayala Land Inc. | 28,223,660 | 12,525 |
| | Robinson's Land Corp. | 9,025,072 | 2,322 |
| | Megaworld Corp. | 49,835,100 | 1,798 |
| | AREIT Inc. | 2,896,520 | 1,555 |
| | RL Commercial REIT Inc. | 17,521,000 | 1,529 |
| | MREIT Inc. | 4,579,500 | 994 |
| | Filinvest REIT Corp. | 8,816,100 | 867 |
| | Filinvest Land Inc. | 41,931,000 | 564 |
| | | Shares | Market
Value•
($000) |
| | Citicore Energy REIT Corp. | 11,617,000 | 400 |
| | DoubleDragon Properties Corp. | 2,895,700 | 281 |
| | Vista Land & Lifescapes Inc. | 8,568,303 | 256 |
| | DDMP REIT Inc. | 7,572,000 | 157 |
| | | | 53,437 |
| Qatar (0.4%) |
| | Barwa Real Estate Co. | 9,104,604 | 8,496 |
| | United Development Co. QSC | 8,328,565 | 3,276 |
| * | Ezdan Holding Group QSC | 7,646,142 | 2,528 |
| | | | 14,300 |
| Russia (0.0%) |
| 2 | Etalon Group plc GDR (Registered) | 993,429 | — |
| 2 | INGRAD PJSC | 43,530 | — |
| | | | — |
| Saudi Arabia (1.0%) |
| * | Dar Al Arkan Real Estate Development Co. | 2,542,571 | 9,097 |
| * | Emaar Economic City | 2,668,712 | 6,814 |
| | Arabian Centres Co. Ltd. | 776,408 | 4,034 |
| | Jadwa REIT Saudi Fund | 837,518 | 2,918 |
| | Arriyadh Development Co. | 420,500 | 2,271 |
| * | Saudi Real Estate Co. | 629,190 | 2,107 |
| | Riyad REIT Fund | 579,408 | 1,684 |
| | Al Rajhi REIT | 565,669 | 1,514 |
| | Derayah REIT | 485,784 | 1,357 |
| | Sedco Capital REIT Fund | 425,723 | 1,202 |
| | Alandalus Property Co. | 215,047 | 909 |
| | Musharaka Real Estate Income Fund | 352,128 | 840 |
| | Alkhabeer REIT | 335,702 | 695 |
| | Alahli REIT Fund 1 | 207,105 | 606 |
| | Swicorp Wabel REIT | 399,185 | 544 |
| | Al Maather REIT Fund | 195,300 | 468 |
| | | | 37,060 |
| Singapore (6.8%) |
| | CapitaLand Integrated Commercial Trust | 24,078,268 | 31,956 |
| | Ascendas REIT | 16,070,384 | 29,733 |
| | Capitaland Investment Ltd. | 11,733,238 | 24,953 |
| | Mapletree Logistics Trust | 15,418,923 | 16,549 |
| | Mapletree Industrial Trust | 9,527,291 | 14,814 |
| | City Developments Ltd. | 2,424,290 | 13,071 |
| | Mapletree Commercial Trust | 11,027,441 | 12,375 |
| | Frasers Logistics & Commercial Trust | 13,759,552 | 10,694 |
| | Suntec REIT | 10,728,027 | 9,784 |
| | UOL Group Ltd. | 2,216,378 | 9,681 |
| | Keppel DC REIT | 6,336,124 | 7,875 |
| | Frasers Centrepoint Trust | 5,133,140 | 7,544 |
| | ESR-REIT | 26,849,261 | 6,445 |
| | Ascott Residence Trust | 9,454,522 | 6,374 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | Keppel REIT | 9,468,415 | 5,986 |
| | Parkway Life REIT | 1,851,997 | 5,231 |
| | Lendlease Global Commercial REIT | 8,926,489 | 4,418 |
| | CapitaLand China Trust | 5,606,508 | 3,842 |
| | CDL Hospitality Trusts | 4,023,499 | 3,297 |
| | Manulife US REIT | 8,541,610 | 3,119 |
| | SPH REIT | 5,095,200 | 2,933 |
| | Ascendas India Trust | 3,666,200 | 2,901 |
| | OUE Commercial REIT | 11,734,167 | 2,694 |
| | Cromwell European REIT | 1,721,866 | 2,671 |
| | Starhill Global REIT | 6,778,168 | 2,468 |
| | AIMS APAC REIT | 2,532,976 | 2,200 |
| | Far East Hospitality Trust | 5,002,792 | 2,031 |
| | Keppel Pacific Oak US REIT | 3,692,100 | 1,994 |
| | Yanlord Land Group Ltd. | 2,708,304 | 1,655 |
| | Prime US REIT | 2,928,700 | 1,377 |
| | Hong Fok Corp. Ltd. | 1,972,000 | 1,296 |
| | Sasseur REIT | 2,536,200 | 1,273 |
| | Chip Eng Seng Corp. Ltd. | 2,404,900 | 1,223 |
| | Daiwa House Logistics Trust | 2,657,800 | 1,051 |
| | First REIT | 5,805,726 | 986 |
| | Digital Core REIT Management Private Ltd. | 1,609,800 | 804 |
| | EC World REIT | 1,211,300 | 407 |
| | Tuan Sing Holdings Ltd. | 571,300 | 123 |
| *,2 | Eagle Hospitality Trust | 2,602,300 | — |
| | | | 257,828 |
| South Africa (1.5%) |
| 1 | Growthpoint Properties Ltd. | 16,432,085 | 11,588 |
| | NEPI Rockcastle NV | 2,216,074 | 11,138 |
| | Redefine Properties Ltd. | 32,099,057 | 7,138 |
| | Resilient REIT Ltd. | 1,618,845 | 4,509 |
| 1 | Hyprop Investments Ltd. | 1,649,243 | 3,325 |
| * | Fortress REIT Ltd. Class A | 5,806,129 | 3,268 |
| | Vukile Property Fund Ltd. | 4,395,599 | 3,222 |
| 1 | Equites Property Fund Ltd. | 3,745,784 | 3,201 |
| | Investec Property Fund Ltd. | 2,915,034 | 1,622 |
| | Stor-Age Property REIT Ltd. | 2,262,755 | 1,612 |
| | SA Corporate Real Estate Ltd. | 11,941,594 | 1,487 |
| | Attacq Ltd. | 3,542,312 | 1,317 |
| | Fairvest Ltd. | 6,359,432 | 1,115 |
| | Emira Property Fund Ltd. | 1,613,983 | 924 |
| * | Fortress REIT Ltd. Class B | 3,998,207 | 921 |
| | | | 56,387 |
| South Korea (0.4%) |
| | JR Global REIT | 710,270 | 2,100 |
| | ESR Kendall Square REIT Co. Ltd. | 767,403 | 1,917 |
| | | Shares | Market
Value•
($000) |
| | LOTTE REIT Co. Ltd. | 583,698 | 1,470 |
| | Shinhan Alpha REIT Co. Ltd. | 285,910 | 1,455 |
| | Mirae Asset Maps Asia Pacific Real Estate 1 Investment | 453,304 | 1,267 |
| | SK REIT Co. Ltd. | 362,467 | 1,131 |
| | Korea Real Estate Investment & Trust Co. Ltd. | 686,985 | 658 |
| | Koramco Energy Plus REIT | 190,811 | 593 |
| | D&D Platform REIT Co. Ltd. | 254,263 | 558 |
| 1 | SK D&D Co. Ltd. | 37,982 | 549 |
| | IGIS Value Plus REIT Co. Ltd. | 174,001 | 543 |
| | Dongwon Development Co. Ltd. | 183,880 | 459 |
| | E KOCREF CR-REIT Co. Ltd. | 111,378 | 403 |
| | NH All One REIT Co. Ltd | 192,075 | 398 |
| | Shinhan Seobu T&D REIT Co. Ltd. | 135,816 | 334 |
| | | | 13,835 |
| Spain (0.6%) |
| | Merlin Properties Socimi SA | 1,591,129 | 13,487 |
| | Inmobiliaria Colonial Socimi SA | 1,411,776 | 7,446 |
| | Lar Espana Real Estate Socimi SA | 274,857 | 1,071 |
| 3 | Aedas Homes SA | 76,548 | 993 |
| 1,3 | Metrovacesa SA | 93,619 | 662 |
| | | | 23,659 |
| Sweden (3.1%) |
| | Sagax AB Class B | 892,788 | 16,452 |
| | Castellum AB | 1,374,843 | 15,720 |
| * | Fastighets AB Balder Class B | 3,025,943 | 11,358 |
| | Fabege AB | 1,282,962 | 9,314 |
| | Wihlborgs Fastigheter AB | 1,280,763 | 8,391 |
| 1 | Samhallsbyggnadsbolaget i Norden AB | 5,239,757 | 7,199 |
| | Wallenstam AB Class B | 2,009,520 | 7,090 |
| | Hufvudstaden AB Class A | 563,259 | 6,712 |
| | Catena AB | 158,516 | 5,384 |
| * | Pandox AB Class B | 427,320 | 5,233 |
| | Nyfosa AB | 741,003 | 4,428 |
| | Atrium Ljungberg AB Class B | 247,222 | 3,306 |
| | Cibus Nordic Real Estate AB | 218,007 | 2,978 |
| | Dios Fastigheter AB | 435,957 | 2,863 |
| | NP3 Fastigheter AB | 136,502 | 2,169 |
| | Platzer Fastigheter Holding AB Class B | 305,989 | 1,897 |
| | Corem Property Group AB Class B | 2,709,132 | 1,686 |
| 1 | Akelius Residential Property AB Class D | 964,224 | 1,668 |
| | Sagax AB Class D | 540,722 | 1,302 |
| 1 | Samhallsbyggnadsbolaget i Norden AB Class D | 643,241 | 1,058 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | Heba Fastighets AB | 313,880 | 896 |
| * | Klarabo Sverige AB | 367,573 | 618 |
| * | K-fast Holding AB Class B | 292,266 | 601 |
| * | Logistea AB Class B | 291,604 | 315 |
| | Corem Property Group AB | 18,131 | 287 |
| | | | 118,925 |
| Switzerland (2.0%) |
| | Swiss Prime Site AG (Registered) | 366,755 | 29,594 |
| | PSP Swiss Property AG (Registered) | 219,187 | 23,416 |
| | Allreal Holding AG (Registered) | 73,556 | 10,537 |
| | Mobimo Holding AG (Registered) | 34,722 | 8,099 |
| | Intershop Holding AG | 5,853 | 3,560 |
| 1 | Peach Property Group AG | 50,194 | 1,068 |
| | | | 76,274 |
| Taiwan (1.2%) |
| | Ruentex Development Co. Ltd. | 9,861,870 | 12,106 |
| | Highwealth Construction Corp. | 6,926,991 | 8,902 |
| | Huaku Development Co. Ltd. | 1,050,854 | 2,807 |
| | Chong Hong Construction Co. Ltd. | 1,064,297 | 2,348 |
| | Prince Housing & Development Corp. | 5,219,478 | 1,667 |
| | Farglory Land Development Co. Ltd. | 969,631 | 1,600 |
| | Kindom Development Co. Ltd. | 1,750,900 | 1,307 |
| | Hung Sheng Construction Ltd. | 1,611,520 | 1,232 |
| | Sakura Development Co. Ltd. | 1,248,524 | 1,219 |
| * | Delpha Construction Co. Ltd. | 2,093,000 | 1,188 |
| | Advancetek Enterprise Co. Ltd. | 1,265,000 | 1,133 |
| | Cathay Real Estate Development Co. Ltd. | 2,261,100 | 1,017 |
| | Da-Li Development Co. Ltd. | 1,162,000 | 949 |
| | ZongTai Real Estate Development Co. Ltd. | 853,032 | 778 |
| | I-Sunny Construction & Development Co. Ltd. | 308,550 | 759 |
| * | Hong Pu Real Estate Development Co. Ltd. | 994,194 | 678 |
| | Radium Life Tech Co. Ltd. | 2,391,000 | 672 |
| | KEE TAI Properties Co. Ltd. | 1,987,869 | 671 |
| | Kuo Yang Construction Co. Ltd. | 1,176,802 | 654 |
| | Huang Hsiang Construction Corp. | 500,000 | 611 |
| | | Shares | Market
Value•
($000) |
| * | Shining Building Business Co. Ltd. | 2,110,869 | 594 |
| | Yungshin Construction & Development Co. Ltd. | 310,000 | 576 |
| * | King's Town Construction Co. Ltd. | 541,000 | 573 |
| | Yea Shin International Development Co. Ltd. | 806,248 | 553 |
| | GTM Holdings Corp. | 556,000 | 416 |
| | Chung Lien Co. Ltd. | 243,000 | 370 |
| | Hung Ching Development & Construction Co. Ltd. | 461,000 | 296 |
| *,2 | Taiwan Land Development Corp. | 2,224,000 | — |
| | | | 45,676 |
| Thailand (1.1%) |
| | Central Pattana PCL | 6,428,000 | 11,630 |
| | CPN Retail Growth Leasehold REIT | 9,371,335 | 4,553 |
| | Land & Houses PCL (Registered) | 17,372,000 | 4,198 |
| | WHA Corp. PCL | 35,167,386 | 3,642 |
| | Supalai PCL | 3,572,881 | 1,972 |
| | Frasers Property THA | 7,340,500 | 1,929 |
| | WHA Premium Growth Freehold & Leasehold REIT Class F | 7,104,596 | 1,886 |
| | Amata Corp. PCL | 2,616,623 | 1,342 |
| | Origin Property PCL Class F | 4,717,098 | 1,264 |
| 1 | Quality Houses PCL | 20,203,400 | 1,146 |
| | AP Thailand PCL | 4,413,520 | 1,137 |
| | Bangkok Land PCL | 40,544,595 | 1,076 |
| 1 | IMPACT Growth REIT | 3,143,500 | 991 |
| 1 | Sansiri PCL | 26,781,125 | 923 |
| | Pruksa Holding PCL | 2,794,900 | 883 |
| | SC Asset Corp. PCL | 7,678,040 | 759 |
| | Pruksa Real Estate PCL | 3,024,500 | 715 |
| | Hemaraj Leasehold REIT | 3,303,000 | 620 |
| *,1 | Singha Estate PCL | 11,885,200 | 565 |
| * | U City PCL Class F | 12,398,024 | 525 |
| | Noble Development PCL | 2,930,528 | 351 |
| * | MBK PCL Warrants Exp. 11/15/23 | 127,968 | 60 |
| | Sansiri PCL NDVR | 1,135,675 | 39 |
| 1 | SC Asset Corp. PCL NVDR | 251,197 | 25 |
| * | Noble Development PCL Warrants Exp. 1/12/24 | 783,375 | 7 |
| * | WHA Premium Growth Freehold & Leasehold | 432,669 | 1 |
| | | | 42,239 |
| Turkey (0.2%) |
| | Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 9,330,942 | 2,212 |
| | Yeni Gimat Gayrimenkul Ortakligi A/S | 913,641 | 1,340 |
Global ex-U.S. Real Estate Index Fund
| | | Shares | Market
Value•
($000) |
| | Ziraat Gayrimenkul Yatirim Ortakligi A/S | 4,274,290 | 1,004 |
| * | Is Gayrimenkul Yatirim Ortakligi A/S | 2,230,836 | 913 |
| * | Sinpas Gayrimenkul Yatirim Ortakligi A/S | 3,085,022 | 897 |
| * | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 258,327 | 299 |
| | | | 6,665 |
| United Arab Emirates (1.5%) |
| | Emaar Properties PJSC | 19,215,438 | 31,720 |
| | Aldar Properties PJSC | 17,331,113 | 20,386 |
| * | Emaar Development PJSC | 4,030,586 | 4,694 |
| * | RAK Properties PJSC | 4,722,537 | 951 |
| * | Deyaar Development PJSC | 5,290,195 | 707 |
| * | Manazel PJSC | 6,155,112 | 675 |
| | | | 59,133 |
| United Kingdom (7.6%) |
| | Segro plc | 5,787,752 | 52,090 |
| | Land Securities Group plc | 3,600,045 | 23,540 |
| | UNITE Group plc | 1,918,436 | 19,597 |
| | British Land Co. plc | 4,488,957 | 18,831 |
| | Tritax Big Box REIT plc | 8,958,697 | 14,405 |
| | Derwent London plc | 538,163 | 13,319 |
| | LXI REIT plc | 8,203,801 | 11,452 |
| | Big Yellow Group plc | 833,578 | 10,726 |
| | Safestore Holdings plc | 1,010,737 | 10,472 |
| | LondonMetric Property plc | 4,703,849 | 10,087 |
| | Grainger plc | 3,534,182 | 9,189 |
| | Assura plc | 14,159,312 | 9,072 |
| | Primary Health Properties plc | 6,377,564 | 8,126 |
| | Great Portland Estates plc | 1,215,423 | 7,165 |
| 1 | Supermarket Income REIT plc | 5,931,042 | 6,973 |
| | Shaftesbury plc | 1,379,591 | 5,794 |
| | Capital & Counties Properties plc | 4,076,139 | 4,999 |
| | Sirius Real Estate Ltd. | 5,617,399 | 4,545 |
| 1 | Hammerson plc | 16,985,492 | 3,724 |
| | BMO Commercial Property Trust Ltd. | 3,825,886 | 3,664 |
| | Home REIT plc | 3,793,850 | 3,659 |
| | Urban Logistics REIT plc | 2,258,147 | 3,403 |
| | Workspace Group plc | 660,636 | 3,097 |
| | UK Commercial Property REIT Ltd. | 4,108,376 | 2,877 |
| | Warehouse Reit plc | 2,031,404 | 2,793 |
| | Empiric Student Property REIT plc | 2,900,081 | 2,726 |
| | PRS REIT plc | 2,638,490 | 2,664 |
| | Picton Property Income Ltd. | 2,619,711 | 2,583 |
| | | Shares | Market
Value•
($000) |
| | Impact Healthcare REIT plc (XLON) | 1,928,255 | 2,312 |
| | Custodian REIT plc | 2,100,483 | 2,133 |
| | Civitas Social Housing REIT plc | 2,963,951 | 2,026 |
| | Helical plc | 513,555 | 1,943 |
| 3 | Regional REIT Ltd. | 2,083,118 | 1,595 |
| | CLS Holdings plc | 900,260 | 1,477 |
| | Phoenix Spree Deutschland Ltd. | 478,951 | 1,451 |
| | Schroder REIT Ltd. | 2,733,764 | 1,422 |
| 3 | Triple Point Social Housing REIT plc | 1,771,696 | 1,342 |
| | Standard Life Investment Property Income Trust REIT Ltd. | 1,955,800 | 1,241 |
| | NewRiver REIT plc | 1,493,637 | 1,199 |
| | AEW UK REIT plc | 763,464 | 778 |
| | Ediston Property Investment Co. plc | 1,001,069 | 764 |
| | | | 291,255 |
| Total Common Stocks (Cost $5,447,625) | 3,784,460 |
| Temporary Cash Investments (2.3%) |
| Money Market Fund (2.3%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117% (Cost $88,427) | 884,595 | 88,442 |
| Total Investments (101.7%) (Cost $5,536,052) | 3,872,902 |
| Other Assets and Liabilities—Net (-1.7%) | (65,522) |
| Net Assets (100%) | 3,807,380 |
| Cost is in $000. |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $82,703,000. |
| 2 | Security value determined using significant unobservable inputs. |
| 3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $61,358,000, representing 1.6% of net assets. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $91,416,000 was received for securities on loan, of which $87,720,000 is held in Vanguard Market Liquidity Fund and $3,696,000 is held in cash. |
| GDR—Global Depositary Receipt. |
| NVDR—Non-Voting Depository Receipt. |
| REIT—Real Estate Investment Trust. |
Global ex-U.S. Real Estate Index Fund
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts | | | | |
| MSCI EAFE Index | December 2022 | 152 | 13,345 | 201 |
| MSCI Emerging Markets Index | December 2022 | 200 | 8,536 | (613) |
| Topix Index | December 2022 | 17 | 2,202 | 62 |
| | | | | (350) |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
Depreciation
($000) |
| Counterparty | Receive | Deliver |
| Bank of America, N.A. | 12/21/22 | INR | 76,148 | USD | 945 | — | (30) |
| Standard Chartered Bank | 12/21/22 | SGD | 4,220 | USD | 2,980 | 2 | — |
| Bank of Montreal | 12/21/22 | USD | 1,184 | AUD | 1,746 | 65 | — |
| UBS AG | 12/21/22 | USD | 631 | CAD | 829 | 22 | — |
| Bank of America, N.A. | 12/21/22 | USD | 2,051 | CHF | 2,000 | 40 | — |
| Bank of Montreal | 12/21/22 | USD | 3,639 | EUR | 3,648 | 18 | — |
| Bank of America, N.A. | 12/21/22 | USD | 2,022 | GBP | 1,749 | 12 | — |
| Standard Chartered Bank | 12/21/22 | USD | 2,661 | HKD | 20,849 | 3 | — |
| Bank of Montreal | 12/21/22 | USD | 4,076 | JPY | 574,670 | 184 | — |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 3,857 | JPY | 552,884 | 113 | — |
| JPMorgan Chase Bank, N.A. | 12/21/22 | USD | 4,020 | SGD | 5,660 | 20 | — |
| Goldman Sachs International | 12/21/22 | USD | 125 | ZAR | 2,190 | 7 | — |
| | | | | | | 486 | (30) |
| AUD—Australian dollar. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| EUR—euro. |
| GBP—British pound. |
| HKD—Hong Kong dollar. |
| INR—Indian rupee. |
| JPY—Japanese yen. |
| SGD—Singapore dollar. |
| USD—U.S. dollar. |
| ZAR—South African rand. |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
Statement of Assets and Liabilities
|
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $5,447,625) | 3,784,460 |
| Affiliated Issuers (Cost $88,427) | 88,442 |
| Total Investments in Securities | 3,872,902 |
| Investment in Vanguard | 157 |
| Cash | 5,635 |
| Cash Collateral Pledged—Futures Contracts | 1,187 |
| Cash Collateral Pledged—Forward Currency Contracts | 780 |
| Foreign Currency, at Value (Cost $2,607) | 2,638 |
| Receivables for Investment Securities Sold | 111 |
| Receivables for Accrued Income | 19,243 |
| Receivables for Capital Shares Issued | 60 |
| Unrealized Appreciation—Forward Currency Contracts | 486 |
| Total Assets | 3,903,199 |
| Liabilities | |
| Payables for Investment Securities Purchased | 2,021 |
| Collateral for Securities on Loan | 91,416 |
| Payables for Capital Shares Redeemed | 443 |
| Payables to Vanguard | 200 |
| Variation Margin Payable—Futures Contracts | 122 |
| Unrealized Depreciation—Forward Currency Contracts | 30 |
| Deferred Foreign Capital Gains Taxes | 1,587 |
| Total Liabilities | 95,819 |
| Net Assets | 3,807,380 |
| 1 Includes $82,703 of securities on loan. | |
Global ex-U.S. Real Estate Index Fund
Statement of Assets and Liabilities (continued)
|
| At October 31, 2022, net assets consisted of: | |
| ($000s, except shares and per-share amounts) | Amount |
| Paid-in Capital | 6,330,179 |
| Total Distributable Earnings (Loss) | (2,522,799) |
| Net Assets | 3,807,380 |
| |
| ETF Shares—Net Assets | |
Applicable to 89,571,471 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 3,354,661 |
| Net Asset Value Per Share—ETF Shares | $37.45 |
| |
| Admiral Shares—Net Assets | |
Applicable to 13,755,027 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 312,671 |
| Net Asset Value Per Share—Admiral Shares | $22.73 |
| |
| Institutional Shares—Net Assets | |
Applicable to 1,852,025 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 140,048 |
| Net Asset Value Per Share—Institutional Shares | $75.62 |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
|
| | Year Ended
October 31, 2022 |
| | ($000) |
| Investment Income | |
| Income | |
| Dividends—Unaffiliated Issuers1 | 174,436 |
| Dividends—Affiliated Issuers | 528 |
| Interest—Unaffiliated Issuers | 12 |
| Interest—Affiliated Issuers | 43 |
| Securities Lending—Net | 3,661 |
| Total Income | 178,680 |
| Expenses | |
| The Vanguard Group—Note B | |
| Investment Advisory Services | 516 |
| Management and Administrative—ETF Shares | 3,860 |
| Management and Administrative—Admiral Shares | 387 |
| Management and Administrative—Institutional Shares | 151 |
| Marketing and Distribution—ETF Shares | 133 |
| Marketing and Distribution—Admiral Shares | 21 |
| Marketing and Distribution—Institutional Shares | 5 |
| Custodian Fees | 519 |
| Auditing Fees | 35 |
| Shareholders’ Reports—ETF Shares | 262 |
| Shareholders’ Reports—Admiral Shares | 10 |
| Shareholders’ Reports—Institutional Shares | — |
| Trustees’ Fees and Expenses | 2 |
| Other Expenses | 50 |
| Total Expenses | 5,951 |
| Net Investment Income | 172,729 |
| Realized Net Gain (Loss) | |
| Capital Gains Distributions Received – Affiliated Issuers | — |
| Investment Securities Sold—Unaffiliated Issuers2,3 | (214,311) |
| Investment Securities Sold—Affiliated Issuers | 2,671 |
| Futures Contracts | (11,136) |
| Forward Currency Contracts | 1,425 |
| Foreign Currencies | (4,139) |
| Realized Net Gain (Loss) | (225,490) |
Global ex-U.S. Real Estate Index Fund
| Statement of Operations (continued) |
| | Year Ended
October 31, 2022 |
| | ($000) |
| Change in Unrealized Appreciation (Depreciation) | |
| Investment Securities—Unaffiliated Issuers4 | (1,698,101) |
| Investment Securities—Affiliated Issuers | (6,560) |
| Futures Contracts | 504 |
| Forward Currency Contracts | 608 |
| Foreign Currencies | (1,281) |
| Change in Unrealized Appreciation (Depreciation) | (1,704,830) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (1,757,591) |
| 1 | Dividends are net of foreign withholding taxes of $17,342,000. |
| 2 | Realized gain (loss) is net of foreign capital gain taxes of $83,000. |
| 3 | Includes $9,757,000 of net gain (loss) resulting from in-kind redemptions. |
| 4 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($842,000). |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| | | |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 172,729 | 220,531 |
| Realized Net Gain (Loss) | (225,490) | 79,646 |
| Change in Unrealized Appreciation (Depreciation) | (1,704,830) | 874,972 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (1,757,591) | 1,175,149 |
| Distributions | | |
| ETF Shares | (254,915) | (99,846) |
| Admiral Shares | (25,162) | (9,656) |
| Institutional Shares | (10,731) | (5,091) |
| Total Distributions | (290,808) | (114,593) |
| Capital Share Transactions | | |
| ETF Shares | 81,681 | (70,397) |
| Admiral Shares | (10,341) | (13,827) |
| Institutional Shares | 1,732 | (38,740) |
| Net Increase (Decrease) from Capital Share Transactions | 73,072 | (122,964) |
| Total Increase (Decrease) | (1,975,327) | 937,592 |
| Net Assets | | |
| Beginning of Period | 5,782,707 | 4,845,115 |
| End of Period | 3,807,380 | 5,782,707 |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
| ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $57.39 | $47.04 | $60.79 | $52.99 | $59.49 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.679 | 2.145 | 1.761 | 2.033 | 2.672 |
| Net Realized and Unrealized Gain (Loss) on Investments | (18.724) | 9.312 | (11.864) | 7.969 | (6.240) |
| Total from Investment Operations | (17.045) | 11.457 | (10.103) | 10.002 | (3.568) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (2.895) | (1.107) | (3.647) | 2.202 | (2.932) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (2.895) | (1.107) | (3.647) | 2.202 | (2.932) |
| Net Asset Value, End of Period | $37.45 | $57.39 | $47.04 | $60.79 | $52.99 |
| Total Return | -31.15% | 24.47% | -17.71% | 19.47% | -6.42% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $3,355 | $5,071 | $4,219 | $5,945 | $5,270 |
| Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| Ratio of Net Investment Income to Average Net Assets | 3.48% | 3.80% | 3.44% | 3.54% | 4.51% |
| Portfolio Turnover Rate2 | 10% | 7% | 11% | 7% | 7% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
| Admiral Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $34.80 | $28.51 | $36.84 | $32.11 | $36.05 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.017 | 1.302 | 1.079 | 1.236 | 1.620 |
| Net Realized and Unrealized Gain (Loss) on Investments | (11.332) | 5.656 | (7.199) | 4.828 | (3.784) |
| Total from Investment Operations | (10.315) | 6.958 | (6.120) | 6.064 | (2.164) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.755) | (.668) | (2.210) | 1.334 | (1.776) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.755) | (.668) | (2.210) | 1.334 | (1.776) |
| Net Asset Value, End of Period | $22.73 | $34.80 | $28.51 | $36.84 | $32.11 |
| Total Return2 | -31.06% | 24.48% | -17.71% | 19.46% | -6.43% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $313 | $499 | $421 | $617 | $475 |
| Ratio of Total Expenses to Average Net Assets | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| Ratio of Net Investment Income to Average Net Assets | 3.47% | 3.80% | 3.49% | 3.55% | 4.51% |
| Portfolio Turnover Rate3 | 10% | 7% | 11% | 7% | 7% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees. |
| 3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $115.86 | $94.98 | $122.73 | $106.98 | $120.11 |
| Investment Operations | | | | | |
| Net Investment Income1 | 3.391 | 4.376 | 3.646 | 4.143 | 5.543 |
| Net Realized and Unrealized Gain (Loss) on Investments | (37.785)2 | 18.763 | (24.030) | 16.064 | (12.740) |
| Total from Investment Operations | (34.394) | 23.139 | (20.384) | 20.207 | (7.197) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (5.846) | (2.259) | (7.366) | 4.457 | (5.933) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (5.846) | (2.259) | (7.366) | 4.457 | (5.933) |
| Net Asset Value, End of Period | $75.62 | $115.86 | $94.98 | $122.73 | $106.98 |
| Total Return3 | -31.10% | 24.44% | -17.71% | 19.46% | -6.42% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $140 | $213 | $205 | $232 | $115 |
| Ratio of Total Expenses to Average Net Assets | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% |
| Ratio of Net Investment Income to Average Net Assets | 3.48% | 3.84% | 3.55% | 3.57% | 4.52% |
| Portfolio Turnover Rate4 | 10% | 7% | 11% | 7% | 7% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Includes increases from purchase and redemption fees of $0.01. |
| 3 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Global ex-U.S. Real Estate Index Fund
Notes to Financial Statements
Vanguard Global ex-U.S. Real Estate Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. The fund offers three classes of shares: ETF Shares, Admiral Shares, and Institutional Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on Nasdaq; they can be purchased and sold through a broker.
Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia’s invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
| A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The
Global ex-U.S. Real Estate Index Fund
clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 2% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
Global ex-U.S. Real Estate Index Fund
6. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
7. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
8. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
Global ex-U.S. Real Estate Index Fund
9. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold. Fees assessed on capital share transactions are credited to paid-in capital.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund's understanding of the applicable countries' tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and other expenses, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
| B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $157,000, representing less than 0.01% of the fund’s net assets and 0.06% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
| C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
Global ex-U.S. Real Estate Index Fund
The following table summarizes the market value of the fund’s investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks—North and South America | 191,636 | 6,478 | — | 198,114 |
| Common Stocks—Other | — | 3,580,524 | 5,822 | 3,586,346 |
| Temporary Cash Investments | 88,442 | — | — | 88,442 |
| Total | 280,078 | 3,587,002 | 5,822 | 3,872,902 |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Futures Contracts1 | 263 | — | — | 263 |
| Forward Currency Contracts | — | 486 | — | 486 |
| Total | 263 | 486 | — | 749 |
| Liabilities | | | | |
| Futures Contracts1 | 613 | — | — | 613 |
| Forward Currency Contracts | — | 30 | — | 30 |
| Total | 613 | 30 | — | 643 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
| D. | At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows: |
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Futures Contracts1 | 263 | — | 263 |
| Unrealized Appreciation—Forward Currency Contracts | — | 486 | 486 |
| Total Assets | 263 | 486 | 749 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 613 | — | 613 |
| Unrealized Depreciation—Forward Currency Contracts | — | 30 | 30 |
| Total Liabilities | 613 | 30 | 643 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Global ex-U.S. Real Estate Index Fund
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (11,136) | — | (11,136) |
| Forward Currency Contracts | — | 1,425 | 1,425 |
| Realized Net Gain (Loss) on Derivatives | (11,136) | 1,425 | (9,711) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | 504 | — | 504 |
| Forward Currency Contracts | — | 608 | 608 |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | 504 | 608 | 1,112 |
| E. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for applicable in-kind redemptions, foreign currency transactions, passive foreign investment companies, and tax expense on capital gains were reclassified between the following accounts: |
| | Amount
($000) |
| Paid-in Capital | (3,185) |
| Total Distributable Earnings (Loss) | 3,185 |
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | — |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (788,813) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (1,733,986) |
Global ex-U.S. Real Estate Index Fund
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 290,808 | 114,593 |
| Long-Term Capital Gains | — | — |
| Total | 290,808 | 114,593 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 5,604,091 |
| Gross Unrealized Appreciation | 139,264 |
| Gross Unrealized Depreciation | (1,870,367) |
| Net Unrealized Appreciation (Depreciation) | (1,731,103) |
| F. | During the year ended October 31, 2022, the fund purchased $680,051,000 of investment securities and sold $690,941,000 of investment securities, other than temporary cash investments. Purchases and sales include $164,291,000 and $100,526,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
| G. | Capital share transactions for each class of shares were: |
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| ETF Shares | | | | | |
| Issued1 | 192,647 | 3,818 | | 561,742 | 9,958 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed2 | (110,966) | (2,600) | | (632,139) | (11,300) |
| Net Increase (Decrease)—ETF Shares | 81,681 | 1,218 | | (70,397) | (1,342) |
| Admiral Shares | | | | | |
| Issued1 | 80,760 | 2,822 | | 79,528 | 2,366 |
| Issued in Lieu of Cash Distributions | 19,717 | 624 | | 7,547 | 223 |
| Redeemed2 | (110,818) | (4,043) | | (100,902) | (2,990) |
| Net Increase (Decrease)—Admiral Shares | (10,341) | (597) | | (13,827) | (401) |
Global ex-U.S. Real Estate Index Fund
| | Year Ended October 31, | |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Institutional Shares | | | | | |
| Issued1 | 4 | — | | 19,957 | 186 |
| Issued in Lieu of Cash Distributions | 1,728 | 16 | | 1,747 | 15 |
| Redeemed2 | — | — | | (60,444) | (524) |
| Net Increase (Decrease)—Institutional Shares | 1,732 | 16 | | (38,740) | (323) |
| 1 | Includes purchase fees for fiscal 2022 and 2021 of $254,000 and $253,000, respectively (fund totals). |
| 2 | Net of redemption fees for fiscal 2022 and 2021 of $326,000 and $253,000, respectively (fund totals). |
| H. | Transactions during the period in affiliated underlying Vanguard funds were as follows: |
| | | Current Period Transactions | |
| | Oct. 31,
2021
Market
Value
($000) | Purchases
at Cost
($000) | Proceeds
from
Securities
Sold
($000) | Realized
Net
Gain
(Loss)
($000) | Change in
Unrealized
App. (Dep.)
($000) | Income
($000) | Capital Gain
Distributions
Received
($000) | Oct. 31,
2022
Market
Value
($000) |
| Vanguard Market Liquidity Fund | 191,399 | NA1 | NA1 | (32) | 9 | 43 | — | 88,442 |
| Vanguard Real Estate ETF | 28,276 | 10,133 | 34,543 | 2,703 | (6,569) | 528 | — | — |
| Total | 219,675 | 10,133 | 34,543 | 2,671 | (6,560) | 571 | — | 88,442 |
| 1 | Not applicable—purchases and sales are for temporary cash investment purposes. |
| I. | Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements. |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Vanguard International Equity Index Funds and Shareholders of Vanguard Global ex-U.S. Real Estate Index Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Vanguard Global ex-U.S. Real Estate Index Fund (one of the funds constituting Vanguard International Equity Index Funds, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 16, 2022
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
Tax information (unaudited)
The fund hereby designates $28,906,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $13,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $191,210,000 and foreign taxes paid of $15,461,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
The S&P Global ex-U.S. Property Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by Vanguard. Standard & Poor’s®, and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The trademarks have been licensed to SPDJI and have been sublicensed for use for certain purposes by Vanguard. Vanguard Global ex-U.S. Real Estate Index Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices make no representation or warranty, express or implied, to the owners of the Vanguard Global ex-U.S. Real Estate Index Fund or any member of the public regarding the advisability of investing in securities generally or in Vanguard Global ex-U.S. Real Estate Index Fund particularly or the ability of the S&P Global ex-U.S. Property Index to track general market performance. S&P Dow Jones Indices’ only relationship to Vanguard with respect to the S& P Global ex-U.S. Property Index is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P Global ex-U.S. Property Index is determined, composed and calculated by S&P Dow Jones Indices without regard to Vanguard or the Vanguard Global ex-U.S. Real Estate Index Fund. S&P Dow Jones Indices have no obligation to take the needs of Vanguard or the owners of Vanguard Global ex-U.S. Real Estate Index Fund into consideration in determining, composing or calculating the S&P Global ex-U.S. Property Index. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of Vanguard Global ex-U.S. Real Estate Index Fund or the timing of the issuance or sale of Vanguard Global ex-U.S. Real Estate Index Fund or in the determination or calculation of the equation by which Vanguard Global ex-U.S. Real Estate Index Fund is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of Vanguard Global ex-U.S. Real Estate Index Fund. There is no assurance that investment products based on the S& P Global ex-U.S. Property Index will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P GLOBAL EX-U.S. PROPERTY INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY VANGUARD, OWNERS OF THE VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P GLOBAL EX-U.S. PROPERTY INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND VANGUARD, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 206 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Member of the board of governors of the Investment Company Institute and the board of governors of FINRA. Trustee and vice chair of The Shipley School.
Independent Trustees
Tara Bunch
Born in 1962. Trustee since November 2021. Principal occupation(s) during the past five years and other experience: head of global operations at Airbnb (2020–present). Vice president of AppleCare (2012–2020). Member of the board of directors of Out & Equal (2002–2006), the advisory board of the University of California, Berkeley School of Engineering (2020–present), and the advisory board
of Santa Clara University’s Leavey School of Business (2018–present).
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Member of the board of directors of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra. Trustee of the University of Rochester.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services). Director of the V Foundation. Member of the advisory council for the College of
1 Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
Arts and Letters at the University of Notre Dame. Chairman of the board of Saint Anselm College.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: adjunct professor of finance at the University of Notre Dame (2020–present). Chief investment officer (retired 2020) and vice president (retired 2020) of the University of Notre Dame. Assistant professor (retired June 2020) of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee. Member of the board of Catholic Investment Services, Inc. (investment advisors), the board of superintendence of the Institute for the Works of Religion, and the board of directors of Paxos Trust Company (finance).
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chief executive officer of Purposeful (advisory firm for CEOs and C-level executives; 2021–present). Board chair (2020), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of Individual Life and Disability of the Guardian Life Insurance Company of America. Member of the board of the Economic Club of New York. Trustee of the Partnership for New York City (business leadership), Chief Executives for Corporate Purpose, and the NewYork-Presbyterian Hospital.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board (2018–present) of RIT Capital Partners (investment
firm). Member of the investment committee of Partners Health Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Colin W. Brown Distinguished Professor of the Practice of Law (2021–present), professor (2020–present), Distinguished Fellow of the Global Financial Markets Center (2020–present), and Rubenstein Fellow (2017–2020) at Duke University. Trustee (2017–present) of Amherst College and member of Amherst College Investment Committee (2019–present). Member of the Regenerative Crisis Response Committee (2020–present).
David A. Thomas
Born in 1956. Trustee since July 2021. Principal occupation(s) during the past five years and other experience: president of Morehouse College (2018–present). Professor of business administration, emeritus at Harvard University (2017–2018). Dean (2011–2016) and professor of management (2016–2017) at the Georgetown University McDonough School of Business. Director of DTE Energy Company (2013–present). Trustee of Common Fund (2019–present).
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth College (2001–2013). Member of the BMW Group Mobility Council.
Executive Officers
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2021–present) and treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Special assistant to the President of the United States (2015).
Ashley Grim
Born in 1984. Principal occupation(s) during the past five years and other experience: treasurer (February 2022–present) of each of the investment companies served by Vanguard. Fund transfer agent controller (2019–2022) and director of Audit Services (2017–2019) at Vanguard. Senior manager (2015–2017) at PriceWaterhouseCoopers (audit and assurance, consulting, and tax services).
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express. Nonexecutive director of the board of National Grid (energy).
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
| Matthew Benchener | Thomas M. Rampulla |
| Joseph Brennan | Karin A. Risi |
| Mortimer J. Buckley | Anne E. Robinson |
| Gregory Davis | Michael Rollings |
| John James | Nitin Tandon |
| Chris D. Mclsaac | Lauren Valente |
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Vanguard Marketing Corporation, Distributor.
Q7380 122022
Annual Report | October 31, 2022
Vanguard Emerging Markets Stock Index Fund
Contents
Your Fund’s Performance at a Glance
| 1 |
About Your Fund's Expenses
| 2 |
Performance Summary
| 4 |
Financial Statements
| 7 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
Your Fund’s Performance at a Glance
| • | The 12 months ended October 31, 2022, were a volatile, challenging period for financial markets. Returns for Vanguard Emerging Markets Stock Index Fund ranged from –27.83% for Investor Shares to –27.68% for ETF Shares (based on net asset value). The fund slightly outpaced the –27.87 return of its target index. |
| • | The economic backdrop deteriorated as inflation soared to multidecade highs, fueled in part by higher energy and food prices in the wake of Russia’s invasion of Ukraine. Then price increases broadened to other categories of goods and services, adding to concerns that inflation would remain stubbornly high. That prompted aggressive tightening by many central banks to bring inflation back in check and increased fears of a recession. |
| • | All 11 industry sectors posted negative returns. Technology and consumer discretionary, the largest and third-largest sectors by weight, saw the steepest declines; both returned about –42%. |
| • | While some emerging markets posted modest gains, most had double-digit declines. The two largest country weightings in the index—China and Taiwan—had returns of about –46% and –33%, respectively. |
Market Barometer
| | Average Annual Total Returns
Periods Ended October 31, 2022 |
| | One Year | Three Years | Five Years |
| Stocks | | | |
| Russell 1000 Index (Large-caps) | -16.38% | 9.99% | 10.19% |
| Russell 2000 Index (Small-caps) | -18.54 | 7.05 | 5.56 |
| Russell 3000 Index (Broad U.S. market) | -16.52 | 9.79 | 9.87 |
| FTSE All-World ex US Index (International) | -24.20 | -1.16 | -0.18 |
| Bonds | | | |
Bloomberg U.S. Aggregate Float Adjusted Index
(Broad taxable market) | -15.69% | -3.73% | -0.50% |
Bloomberg Municipal Bond Index
(Broad tax-exempt market) | -11.98 | -2.18 | 0.37 |
| FTSE Three-Month U.S. Treasury Bill Index | 0.88 | 0.59 | 1.15 |
| CPI | | | |
| Consumer Price Index | 7.75% | 5.01% | 3.85% |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund‘s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
| • | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
| • | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
| Six Months Ended October 31, 2022 | | | |
| | Beginning
Account Value
4/30/2022 | Ending
Account Value
10/31/2022 | Expenses
Paid During
Period |
| Based on Actual Fund Return |
| Emerging Markets Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $ 828.30 | $ 1.34 |
| FTSE Emerging Markets ETF Shares | 1,000.00 | 828.80 | 0.37 |
| Admiral™ Shares | 1,000.00 | 828.50 | 0.65 |
| Institutional Shares | 1,000.00 | 828.80 | 0.46 |
| Institutional Plus Shares | 1,000.00 | 828.90 | 0.37 |
| Based on Hypothetical 5% Yearly Return |
| Emerging Markets Stock Index Fund | | | |
| Investor Shares | $1,000.00 | $ 1,023.74 | $ 1.48 |
| FTSE Emerging Markets ETF Shares | 1,000.00 | 1,024.80 | 0.41 |
| Admiral Shares | 1,000.00 | 1,024.50 | 0.71 |
| Institutional Shares | 1,000.00 | 1,024.70 | 0.51 |
| Institutional Plus Shares | 1,000.00 | 1,024.80 | 0.41 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.29% for Investor Shares, 0.08% for FTSE Emerging Markets ETF Shares, 0.14% for Admiral Shares, 0.10% for Institutional Shares, and 0.08% for Institutional Plus Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (184/365).
Emerging Markets Stock Index Fund
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Cumulative Performance: October 31, 2012, Through October 31, 2022
Initial Investment of $10,000
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
 | Emerging Markets Stock Index Fund Investor Shares | -27.83% | -2.03% | 0.94% | $ 10,986 |
 | Spliced Emerging Markets Index | -27.87 | -1.72 | 1.18 | 11,246 |
 | FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
Spliced Emerging Markets Index: Select Emerging Markets Index through August 23, 2006; MSCI Emerging Markets Index through January 9, 2013; FTSE Emerging Transition Index through June 27, 2013; FTSE Emerging Index through November 1, 2015; FTSE Emerging Markets All Cap China A Transition Index through September 18, 2016; and FTSE Emerging Markets All Cap China A Inclusion Index thereafter. Benchmark returns are adjusted for withholding taxes.
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
FTSE Emerging Markets
ETF Shares Net Asset Value | -27.68% | -1.83% | 1.14% | $ 11,203 |
FTSE Emerging Markets
ETF Shares Market Price | -27.66 | -1.85 | 1.21 | 11,279 |
| Spliced Emerging Markets Index | -27.87 | -1.72 | 1.18 | 11,246 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $10,000
Investment |
| Emerging Markets Stock Index Fund Admiral Shares | -27.76% | -1.89% | 1.11% | $ 11,162 |
| Spliced Emerging Markets Index | -27.87 | -1.72 | 1.18 | 11,246 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 14,336 |
See Financial Highlights for dividend and capital gains information.
Emerging Markets Stock Index Fund
| | | Average Annual Total Returns
Periods Ended October 31, 2022 | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $5,000,000
Investment |
| Emerging Markets Stock Index Fund Institutional Shares | -27.70% | -1.85% | 1.14% | $ 5,601,187 |
| Spliced Emerging Markets Index | -27.87 | -1.72 | 1.18 | 5,622,843 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 7,167,958 |
| | | | |
| | | One
Year | Five
Years | Ten
Years | Final Value
of a $100,000,000
Investment |
| Emerging Markets Stock Index Fund Institutional Plus Shares | -27.70% | -1.83% | 1.16% | $ 112,266,910 |
| Spliced Emerging Markets Index | -27.87 | -1.72 | 1.18 | 112,456,860 |
| FTSE Global All Cap ex US Index | -24.65 | -0.30 | 3.67 | 143,359,150 |
| Cumulative Returns of ETF Shares: October 31, 2012, Through October 31, 2022 |
| | One
Year | Five
Years | Ten
Years |
| FTSE Emerging Markets ETF Shares Market Price | -27.66% | -8.91% | 12.79% |
FTSE Emerging Markets
ETF Shares Net Asset Value | -27.68 | -8.83 | 12.03 |
| Spliced Emerging Markets Index | -27.87 | -8.32 | 12.46 |
For the ETF Shares, the market price is determined by the midpoint of the bid-offer spread as of the closing time of the New York Stock Exchange (generally 4 p.m., Eastern time). The net asset value is also determined as of the NYSE closing time. For more information about how the ETF Shares’ market prices have compared with their net asset value, visit vanguard.com, select your ETF, click on Price, and then scroll down to the Premium/Discount chart. The ETF premium/discount chart there shows the percentage and days on which the ETF Shares’ market price was above or below the NAV.
Emerging Markets Stock Index Fund
| |
| China | 28.9% |
| India | 19.7 |
| Taiwan | 15.7 |
| Brazil | 7.6 |
| Saudi Arabia | 5.5 |
| South Africa | 4.0 |
| Thailand | 3.1 |
| Mexico | 3.0 |
| Indonesia | 2.5 |
| Malaysia | 2.0 |
| United Arab Emirates | 1.8 |
| Qatar | 1.4 |
| Kuwait | 1.1 |
| Other | 3.7 |
The table reflects the fund’s investments, except for short-term investments and derivatives.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
Emerging Markets Stock Index Fund
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
| | | | | | Shares | Market
Value•
($000) |
| Common Stocks (98.7%) |
| Brazil (7.5%) |
| | Vale SA | 53,535,940 | 695,744 |
| | Petroleo Brasileiro SA | 60,497,070 | 389,533 |
| | Petroleo Brasileiro SA Preference Shares | 59,887,606 | 345,610 |
| * | Itau Unibanco Holding SA Preference Shares | 52,863,870 | 311,114 |
| | B3 SA - Brasil Bolsa Balcao | 83,738,935 | 243,816 |
| | Banco Bradesco SA Preference Shares | 60,972,057 | 234,422 |
| | Ambev SA | 60,148,954 | 186,310 |
| | Centrais Eletricas Brasileiras SA | 17,630,660 | 170,043 |
| | WEG SA | 20,458,409 | 159,532 |
| | Localiza Rent a Car SA | 10,523,461 | 143,708 |
| | Itausa SA Preference Shares | 65,513,118 | 136,214 |
| | Suzano SA | 10,005,425 | 103,047 |
| | JBS SA | 18,621,417 | 89,980 |
| * | Banco BTG Pactual SA | 15,965,184 | 89,446 |
| | Itau Unibanco Holding SA ADR | 15,330,645 | 89,224 |
| | Banco do Brasil SA | 11,833,939 | 84,811 |
| *,1 | Hapvida Participacoes e Investimentos SA | 55,288,437 | 83,487 |
| * | Lojas Renner SA | 13,459,587 | 80,515 |
| | Raia Drogasil SA | 14,797,944 | 75,372 |
| | Rumo SA | 17,419,295 | 74,661 |
| | Equatorial Energia SA | 12,791,898 | 74,367 |
| | Banco Bradesco SA | 22,991,525 | 74,064 |
| | Gerdau SA Preference Shares | 12,893,533 | 64,274 |
| * | Petro Rio SA | 9,269,164 | 63,505 |
| * | Hypera SA | 5,566,649 | 54,756 |
| | Vibra Energia SA | 15,426,600 | 54,503 |
| | BB Seguridade Participacoes SA | 9,376,786 | 53,895 |
| | Cosan SA | 16,472,226 | 53,765 |
| | Telefonica Brasil SA | 6,064,120 | 48,497 |
| * | Eneva SA | 16,806,786 | 46,137 |
| | Klabin SA | 10,454,348 | 43,756 |
| | Cia Energetica de Minas Gerais Preference Shares | 19,332,527 | 42,554 |
| 1 | Rede D'Or Sao Luiz SA | 6,570,141 | 40,918 |
| * | TOTVS SA | 6,178,355 | 39,662 |
| | CCR SA | 15,548,385 | 39,010 |
| | Petroleo Brasileiro SA ADR | 3,350,547 | 38,565 |
| | Natura & Co. Holding SA | 13,262,210 | 38,384 |
| * | Cia de Saneamento Basico do Estado de Sao Paulo | 3,289,709 | 38,275 |
| * | Magazine Luiza SA | 42,006,032 | 36,350 |
| | Sendas Distribuidora SA | 9,088,707 | 34,873 |
| | Banco Bradesco SA ADR | 8,943,326 | 33,894 |
| | Energisa SA | 3,498,244 | 32,839 |
| | Ultrapar Participacoes SA | 11,420,134 | 29,647 |
| * | Americanas SA | 9,091,065 | 27,350 |
| * | BRF SA | 11,053,963 | 26,878 |
| | Centrais Eletricas Brasileiras SA Preference Shares | 2,555,309 | 26,377 |
| * | Sul America SA | 5,606,961 | 25,877 |
| | Atacadao SA | 6,497,375 | 24,478 |
| * | TIM SA | 9,563,022 | 24,438 |
| | Transmissora Alianca de Energia Eletrica SA | 3,111,247 | 24,207 |
| | BR Malls Participacoes SA | 11,465,812 | 22,530 |
| | Metalurgica Gerdau SA Preference Shares | 9,924,174 | 21,614 |
| * | Embraer SA | 8,019,709 | 21,348 |
| * | 3R Petroleum Oleo E Gas SA | 2,346,747 | 21,125 |
| | | | | | Shares | Market
Value•
($000) |
| * | Multiplan Empreendimentos Imobiliarios SA | 3,862,900 | 19,713 |
| | Engie Brasil Energia SA | 2,499,216 | 19,460 |
| * | Itau Unibanco Holding SA | 3,797,712 | 18,689 |
| * | Cielo SA | 16,150,286 | 18,603 |
| | Kinea Indice de Precos FII | 993,546 | 18,330 |
| | Arezzo Industria e Comercio SA | 900,592 | 18,219 |
| | CPFL Energia SA | 2,631,947 | 18,047 |
| 2 | Banco Santander Brasil SA ADR | 3,101,965 | 17,681 |
| | Santos Brasil Participacoes SA | 9,976,886 | 17,576 |
| | Grupo De Moda Soma SA | 6,222,120 | 17,538 |
| | Bradespar SA Preference Shares | 3,567,484 | 16,582 |
| | EDP - Energias do Brasil SA | 3,706,270 | 16,553 |
| 2 | Cia Paranaense de Energia ADR | 2,331,328 | 16,482 |
| * | Cogna Educacao | 25,651,420 | 16,338 |
| * | Cia de Saneamento Basico do Estado de Sao Paulo ADR | 1,410,933 | 16,310 |
| 1 | GPS Participacoes e Empreendimentos SA | 5,880,528 | 15,733 |
| | Tres Tentos Agroindustrial SA | 6,056,500 | 14,867 |
| * | M Dias Branco SA | 1,734,445 | 14,606 |
| | Auren Energia SA | 5,045,886 | 14,575 |
| | Unipar Carbocloro SA Preference Shares Class B | 680,473 | 14,068 |
| | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 3,842,378 | 13,836 |
| | Cia Siderurgica Nacional SA | 5,802,002 | 13,793 |
| | Raizen SA Preference Shares | 16,353,205 | 13,582 |
| | Alpargatas SA Preference Shares | 3,154,934 | 13,413 |
| * | Via SA | 21,520,573 | 13,040 |
| | YDUQS Participacoes SA | 4,123,520 | 12,876 |
| | Cia de Transmissao de Energia Eletrica Paulista Preference Shares | 2,644,806 | 12,544 |
| *,1 | Locaweb Servicos de Internet SA | 5,908,194 | 12,502 |
| | Cia Paranaense de Energia Preference Shares | 8,709,705 | 12,477 |
| | Cia de Saneamento do Parana | 3,330,830 | 12,342 |
| * | Azul SA Preference Shares | 3,875,592 | 12,102 |
| | Fleury SA | 3,355,731 | 12,083 |
| | SLC Agricola SA | 1,344,358 | 11,959 |
| | Braskem SA Preference Shares Class A | 1,808,229 | 11,800 |
| | Sao Martinho SA | 2,234,907 | 11,669 |
| | Porto Seguro SA | 2,573,696 | 11,579 |
| | FII Iridium | 592,403 | 11,440 |
| | CSHG Logistica FI Imobiliario | 350,492 | 11,222 |
| | Kinea Rendimentos Imobiliarios FII | 549,626 | 10,815 |
| | Banco Santander Brasil SA | 1,874,327 | 10,806 |
| | Caixa Seguridade Participacoes SA | 6,283,200 | 10,728 |
| | Petroreconcavo SA | 1,693,800 | 10,283 |
| | Usinas Siderurgicas de Minas Gerais SA Usiminas Preference Shares Class A | 7,290,759 | 10,205 |
| | Neoenergia SA | 3,142,659 | 10,093 |
| | Minerva SA | 3,750,157 | 9,932 |
| | Marfrig Global Foods SA | 4,745,977 | 9,831 |
| | Kinea Renda Imobiliaria FII | 339,410 | ���9,712 |
| | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 2,845,927 | 8,881 |
| | Alupar Investimento SA | 1,605,267 | 8,785 |
| | SIMPAR SA | 4,098,800 | 8,594 |
| | Gerdau SA ADR | 1,667,173 | 8,303 |
| | MRV Engenharia e Participacoes SA | 4,106,053 | 8,092 |
| | Omega Energia SA | 3,841,517 | 7,995 |
| | XP Log FII | 375,000 | 7,851 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Cia de Saneamento de Minas Gerais-COPASA | 2,639,470 | 7,849 |
| | Dexco SA | 4,170,108 | 7,823 |
| * | Cia Brasileira de Distribuicao | 1,817,883 | 7,760 |
| * | Grupo Mateus SA | 5,441,108 | 7,690 |
| | Pet Center Comercio e Participacoes SA | 4,503,425 | 7,637 |
| * | Log-in Logistica Intermodal SA | 1,045,500 | 7,574 |
| | Aliansce Sonae Shopping Centers SA | 1,788,722 | 7,525 |
| | Banco Pan SA Preference Shares | 4,999,391 | 7,481 |
| | Sendas Distribuidora SA ADR | 371,679 | 7,080 |
| | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 997,000 | 7,049 |
| | Banco do Estado do Rio Grande do Sul SA Preference Shares Class B | 2,991,742 | 6,759 |
| | Grendene SA | 4,797,397 | 6,743 |
| | Cia Energetica de Minas Gerais ADR | 3,055,900 | 6,692 |
| | Vivara Participacoes SA | 1,270,700 | 6,595 |
| | AES Brasil Energia SA | 3,437,604 | 6,588 |
| | Odontoprev SA | 4,035,370 | 6,468 |
| 2 | Cia Siderurgica Nacional SA ADR | 2,628,802 | 6,335 |
| | JHSF Participacoes SA | 4,370,400 | 6,210 |
| | Ez Tec Empreendimentos e Participacoes SA | 1,435,978 | 5,791 |
| * | Infracommerce CXAAS SA | 5,104,387 | 5,712 |
| * | Anima Holding SA | 4,283,775 | 5,681 |
| | Light SA | 5,091,452 | 5,599 |
| | Cia Ferro Ligas da Bahia - FERBASA Preference Shares | 550,672 | 5,591 |
| * | Gol Linhas Aereas Inteligentes SA Preference Shares | 2,969,605 | 5,525 |
| 2 | Centrais Eletricas Brasileiras SA ADR | 575,036 | 5,503 |
| * | Tupy SA | 958,992 | 5,484 |
| * | Embraer SA ADR | 518,513 | 5,481 |
| | BrasilAgro - Co. Brasileira de Propriedades Agricolas | 930,786 | 5,417 |
| * | Smartfit Escola de Ginastica e Danca SA | 1,521,000 | 5,103 |
| | Movida Participacoes SA | 1,886,350 | 4,974 |
| | Iochpe Maxion SA | 1,789,849 | 4,927 |
| 2 | Braskem SA Class A ADR | 375,062 | 4,850 |
| | Randon SA Implementos e Participacoes Preference Shares | 2,515,734 | 4,841 |
| | CSN Mineracao SA | 7,474,814 | 4,775 |
| | Grupo SBF SA | 1,292,568 | 4,739 |
| * | Zamp SA | 3,092,911 | 4,599 |
| | CM Hospitalar SA | 1,237,300 | 4,573 |
| * | Diagnosticos da America SA | 1,153,565 | 4,473 |
| * | CVC Brasil Operadora e Agencia de Viagens SA | 3,219,162 | 4,468 |
| * | Marcopolo SA Preference Shares | 7,929,831 | 4,421 |
| | Cia Energetica de Minas Gerais | 1,300,200 | 4,352 |
| * | TIM SA ADR | 325,230 | 4,147 |
| | Ambipar Participacoes e Empreendimentos SA | 659,848 | 3,994 |
| | Blau Farmaceutica SA | 609,500 | 3,992 |
| | Cia Brasileira de Aluminio | 1,801,785 | 3,851 |
| | Qualicorp Consultoria e Corretora de Seguros SA | 2,491,484 | 3,801 |
| | Direcional Engenharia SA | 1,140,143 | 3,777 |
| | Fras-Le SA | 1,379,772 | 3,732 |
| | Camil Alimentos SA | 1,742,100 | 3,443 |
| | BR Properties SA | 2,816,674 | 3,386 |
| | Enauta Participacoes SA | 1,124,630 | 3,318 |
| 2 | Centrais Eletricas Brasileiras SA ADR (XNYS) | 313,592 | 3,312 |
| | Boa Vista Servicos SA | 2,662,860 | 3,248 |
| * | Oncoclinicas do Brasil Servicos Medicos SA | 2,062,600 | 3,154 |
| | Armac Locacao Logistica E Servicos SA | 984,150 | 3,071 |
| * | Hidrovias do Brasil SA | 5,523,700 | 3,016 |
| | Hospital Mater Dei SA | 1,667,026 | 2,969 |
| | Cia Paranaense de Energia | 2,165,400 | 2,939 |
| * | EcoRodovias Infraestrutura e Logistica SA | 2,764,571 | 2,911 |
| | | | | | Shares | Market
Value•
($000) |
| | Instituto Hermes Pardini SA | 625,360 | 2,815 |
| | LOG Commercial Properties e Participacoes SA | 620,218 | 2,733 |
| | Mahle-Metal Leve SA | 525,673 | 2,629 |
| * | Lojas Quero Quero SA | 2,219,561 | 2,595 |
| * | Empreendimentos Pague Menos SA | 2,110,700 | 2,533 |
| | Taurus Armas SA Preference Shares | 877,400 | 2,529 |
| | Vulcabras Azaleia SA | 930,500 | 2,506 |
| | Multilaser Industrial SA | 2,292,200 | ��� 2,312 |
| | Wilson Sons Holdings Brasil SA | 1,047,800 | 2,302 |
| * | Guararapes Confeccoes SA | 1,179,860 | 2,225 |
| | Usinas Siderurgicas de Minas Gerais SA Usiminas | 1,472,000 | 2,106 |
| | Iguatemi SA | 713,752 | 1,991 |
| | Even Construtora e Incorporadora SA | 1,539,310 | 1,967 |
| | Wiz Solucoes e Corretagem de Seguros SA | 1,191,824 | 1,797 |
| *,1 | Meliuz SA | 6,617,450 | 1,537 |
| | Bradespar SA | 355,201 | 1,527 |
| *,2 | Cia Brasileira de Distribuicao ADR | 354,344 | 1,492 |
| * | IRB Brasil Resseguros SA | 7,308,462 | 1,330 |
| * | Sequoia Logistica e Transportes SA | 1,057,600 | 956 |
| | Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA | 2,455,464 | 879 |
| * | Localiza Rent a Car SA | 32,286 | 441 |
| * | Iguatemi SA Preference Shares | 199,636 | 363 |
| *,2 | Getnet Adquirencia e Servicos para Meios de Pagamento SA ADR | 104,991 | 192 |
| * | Fleury SA Rights Exp. 11/21/22 | 746,214 | 188 |
| | Vale SA Class B ADR | 13,650 | 177 |
| | FII Hectare Ce | 2,492 | 49 |
| * | Omega Energia SA Rights Exp. 11/7/22 | 509,904 | 2 |
| *,3 | Oi SA ADR | 1 | — |
| | | | | | | 6,193,407 |
| Chile (0.7%) |
| | Sociedad Quimica y Minera de Chile SA Preference Shares Class B | 1,613,607 | 153,229 |
| | Banco de Chile | 601,278,561 | 55,055 |
| | Empresas Copec SA | 6,703,708 | 46,217 |
| | Sociedad Quimica y Minera de Chile SA ADR | 295,671 | 27,698 |
| | Empresas CMPC SA | 16,522,355 | 26,221 |
| | Cencosud SA | 18,233,290 | 24,512 |
| | Enel Americas SA | 221,694,816 | 21,967 |
| | Falabella SA | 10,899,060 | 21,287 |
| | Banco Santander Chile | 586,589,795 | 21,031 |
| | Banco de Credito e Inversiones SA | 738,259 | 20,570 |
| | Cia Sud Americana de Vapores SA | 243,134,133 | 16,886 |
| | Sociedad Quimica y Minera de Chile SA Class A | 203,218 | 16,550 |
| | Enel Chile SA | 329,956,141 | 11,613 |
| | Quinenco SA | 3,729,286 | 9,912 |
| | Colbun SA | 100,182,068 | 9,832 |
| | Cia Cervecerias Unidas SA | 1,779,660 | 9,768 |
| | Banco Santander Chile ADR | 647,638 | 9,345 |
| | Embotelladora Andina SA Preference Shares Class B | 5,197,180 | 9,079 |
| | Itau CorpBanca Chile SA | 4,467,724,882 | 8,708 |
| | Aguas Andinas SA Class A | 37,741,645 | 7,961 |
| | Parque Arauco SA | 9,346,811 | 7,919 |
| | Cencosud Shopping SA | 6,728,870 | 7,353 |
| | Empresa Nacional de Telecomunicaciones SA | 1,887,709 | 5,899 |
| | CAP SA | 1,015,255 | 5,427 |
| | SMU SA | 41,628,312 | 4,236 |
| * | Engie Energia Chile SA | 6,987,554 | 4,102 |
| | Enel Americas SA ADR | 771,420 | 3,822 |
| | Vina Concha y Toro SA | 3,167,079 | 3,581 |
| | Plaza SA | 4,153,663 | 3,557 |
| | Inversiones Aguas Metropolitanas SA | 6,741,307 | 3,216 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | SONDA SA | 7,171,699 | 2,526 |
| | Ripley Corp. SA | 14,756,935 | 2,424 |
| | Inversiones La Construccion SA | 449,396 | 1,406 |
| 2 | Enel Chile SA ADR | 317,278 | 536 |
| | | | | | | 583,445 |
| China (28.5%) |
| | Tencent Holdings Ltd. | 82,722,444 | 2,173,681 |
| * | Alibaba Group Holding Ltd. | 207,458,660 | 1,612,972 |
| *,1 | Meituan Class B | 56,610,382 | 906,363 |
| | China Construction Bank Corp. Class H | 1,285,617,103 | 682,262 |
| | JD.com Inc. Class A | 32,600,343 | 593,669 |
| | Industrial & Commercial Bank of China Ltd. Class H | 1,101,162,614 | 478,087 |
| | Bank of China Ltd. Class H | 1,050,269,735 | 338,268 |
| | Ping An Insurance Group Co. of China Ltd. Class H | 82,470,313 | 330,161 |
| * | Baidu Inc. Class A | 30,916,615 | 296,398 |
| * | Pinduoduo Inc. ADR | 5,118,690 | 280,658 |
| | NetEase Inc. | 25,186,711 | 279,453 |
| | BYD Co. Ltd. Class H | 11,209,656 | 251,132 |
| *,1 | Xiaomi Corp. Class B | 201,946,000 | 226,800 |
| *,1 | Wuxi Biologics Cayman Inc. | 49,443,066 | 222,476 |
| | Yum China Holdings Inc. (XHKG) | 5,191,250 | 210,136 |
| | China Merchants Bank Co. Ltd. Class H | 56,381,295 | 184,587 |
| * | NIO Inc. ADR | 18,228,403 | 176,269 |
| * | Trip.com Group Ltd. ADR | 7,329,545 | 165,868 |
| | Li Ning Co. Ltd. | 31,342,074 | 162,130 |
| | China Petroleum & Chemical Corp. Class H | 367,704,822 | 145,731 |
| | ANTA Sports Products Ltd. | 15,657,205 | 137,652 |
| * | China Mengniu Dairy Co. Ltd. | 42,498,920 | 136,045 |
| | Kweichow Moutai Co. Ltd. Class A | 694,164 | 128,666 |
| | China Shenhua Energy Co. Ltd. Class H | 46,673,360 | 122,604 |
| 1 | Nongfu Spring Co. Ltd. Class H | 24,141,200 | 121,259 |
| | China Resources Land Ltd. | 38,006,325 | 118,914 |
| | CSPC Pharmaceutical Group Ltd. | 115,424,529 | 118,560 |
| *,1 | Kuaishou Technology | 26,662,800 | 110,114 |
| | Agricultural Bank of China Ltd. Class H | 385,519,343 | 110,040 |
| * | BeiGene Ltd. | 8,455,900 | 109,034 |
| | China Life Insurance Co. Ltd. Class H | 96,464,734 | 105,191 |
| | PetroChina Co. Ltd. Class H | 274,930,227 | 105,168 |
| 2 | ZTO Express Cayman Inc. | 6,148,684 | 104,615 |
| | ENN Energy Holdings Ltd. | 10,482,455 | 104,217 |
| | China Resources Beer Holdings Co. Ltd. | 21,732,124 | 102,544 |
| | China Overseas Land & Investment Ltd. | 52,883,841 | 101,057 |
| * | Li Auto Inc. ADR | 7,021,296 | 95,630 |
| * | KE Holdings Inc. ADR | 8,810,156 | 89,687 |
| | Kweichow Moutai Co. Ltd. Class A (XSHG) | 472,576 | 87,594 |
| | PICC Property & Casualty Co. Ltd. Class H | 93,232,207 | 85,989 |
| | Haier Smart Home Co. Ltd. Class H | 32,686,255 | 81,813 |
| | H World Group Ltd. ADR (XNGS) | 3,003,638 | 81,339 |
| | Geely Automobile Holdings Ltd. | 74,377,743 | 80,044 |
| | Sunny Optical Technology Group Co. Ltd. | 8,977,875 | 77,802 |
| | Yankuang Energy Group Co. Ltd. Class H | 26,346,023 | 74,072 |
| | Shenzhou International Group Holdings Ltd. | 10,435,341 | 72,453 |
| | Zijin Mining Group Co. Ltd. Class H | 74,803,097 | 71,350 |
| 1 | Postal Savings Bank of China Co. Ltd. Class H | 151,709,010 | 70,357 |
| | China Pacific Insurance Group Co. Ltd. Class H | 41,761,392 | 67,319 |
| | Sino Biopharmaceutical Ltd. | 134,363,444 | 65,198 |
| *,1 | Innovent Biologics Inc. | 18,254,320 | 64,632 |
| 2 | COSCO SHIPPING Holdings Co. Ltd. Class H | 58,790,105 | 63,356 |
| | CITIC Ltd. | 67,757,026 | 60,632 |
| 1 | China Tower Corp. Ltd. Class H | 646,580,936 | 58,499 |
| | Xinyi Solar Holdings Ltd. | 58,596,000 | 58,174 |
| * | Kingdee International Software Group Co. Ltd. | 35,388,284 | 57,988 |
| | CITIC Securities Co. Ltd. Class H | 37,730,438 | 56,375 |
| *,1 | JD Health International Inc. | 10,126,490 | 55,555 |
| | | | | | Shares | Market
Value•
($000) |
| | Great Wall Motor Co. Ltd. Class H | 49,583,875 | 54,166 |
| | China Longyuan Power Group Corp. Ltd. Class H | 46,212,493 | 52,806 |
| | Bank of Communications Co. Ltd. Class H | 102,229,609 | 49,880 |
| | Contemporary Amperex Technology Co. Ltd. Class A | 964,244 | 49,485 |
| | Ping An Insurance Group Co. of China Ltd. Class A | 9,891,000 | 49,109 |
| | Tsingtao Brewery Co. Ltd. | 6,919,786 | 48,446 |
| * | XPeng Inc. Class A ADR | 7,292,817 | 48,278 |
| | Wuliangye Yibin Co. Ltd. Class A (XSHE) | 2,577,798 | 47,248 |
| * | New Oriental Education & Technology Group Inc. ADR | 1,910,125 | 45,346 |
| | Shandong Weigao Group Medical Polymer Co. Ltd. Class H | 32,250,244 | 44,434 |
| | Anhui Conch Cement Co. Ltd. Class H | 16,593,635 | 42,711 |
| * | Full Truck Alliance Co. Ltd. ADR | 8,782,560 | 41,805 |
| | China CITIC Bank Corp. Ltd. Class H | 108,342,476 | 40,841 |
| * | Vipshop Holdings Ltd. ADR | 5,671,595 | 39,531 |
| | Tingyi Cayman Islands Holding Corp. | 24,934,000 | 38,974 |
| | China Resources Power Holdings Co. Ltd. | 26,079,149 | 37,895 |
| | Hengan International Group Co. Ltd. | 9,636,526 | 37,363 |
| | China National Building Material Co. Ltd. Class H | 62,827,473 | 36,482 |
| | Kingsoft Corp. Ltd. | 11,956,878 | 36,207 |
| | China Tourism Group Duty Free Corp. Ltd. Class A | 1,637,422 | 35,980 |
| | China Gas Holdings Ltd. | 40,266,693 | 35,736 |
| | Zhuzhou CRRC Times Electric Co. Ltd. | 8,135,879 | 35,298 |
| | Zhongsheng Group Holdings Ltd. | 9,085,406 | 34,482 |
| * | Daqo New Energy Corp. ADR | 771,217 | 33,926 |
| * | Genscript Biotech Corp. | 13,318,320 | 33,673 |
| | China Vanke Co. Ltd. Class H | 26,171,500 | 33,587 |
| 1 | CGN Power Co. Ltd. Class H | 165,569,514 | 33,539 |
| | Sinopharm Group Co. Ltd. Class H | 17,636,225 | 33,458 |
| | BYD Co. Ltd. Class A (XSHE) | 984,548 | 33,336 |
| | WuXi AppTec Co. Ltd. Class A (XSSC) | 3,171,506 | 33,237 |
| 1 | China International Capital Corp. Ltd. Class H | 23,766,340 | 33,029 |
| | Wanhua Chemical Group Co. Ltd. Class A | 2,970,567 | 32,784 |
| 1 | Longfor Group Holdings Ltd. | 25,435,601 | 32,410 |
| | People's Insurance Co. Group of China Ltd. Class H | 116,536,422 | 32,206 |
| | China Oilfield Services Ltd. Class H | 28,608,348 | 32,205 |
| | Industrial & Commercial Bank of China Ltd. Class A (XSSC) | 56,556,776 | 32,194 |
| | Contemporary Amperex Technology Co. Ltd. Class A (XSHE) | 623,400 | 31,993 |
| *,1 | JD Logistics Inc. | 22,614,646 | 31,615 |
| | China Resources Gas Group Ltd. | 12,301,505 | 31,506 |
| 1 | China Feihe Ltd. | 54,424,000 | 31,351 |
| | LONGi Green Energy Technology Co. Ltd. Class A | 4,739,341 | 31,299 |
| * | Bilibili Inc. | 3,498,941 | 31,180 |
| | Guangzhou Automobile Group Co. Ltd. Class H | 51,054,820 | 31,113 |
| | BYD Electronic International Co. Ltd. | 10,677,029 | 31,027 |
| * | Tencent Music Entertainment Group ADR | 8,506,237 | 30,708 |
| | China Yangtze Power Co. Ltd. Class A | 10,968,598 | 30,525 |
| | Kunlun Energy Co. Ltd. | 50,960,541 | 30,458 |
| | China Conch Venture Holdings Ltd. | 20,599,518 | 30,382 |
| | China Merchants Bank Co. Ltd. Class A (XSSC) | 8,163,249 | 30,118 |
| | Yangzijiang Shipbuilding Holdings Ltd. | 35,482,498 | 30,079 |
| | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A | 668,171 | 29,869 |
| 2 | China Minsheng Banking Corp. Ltd. Class H | 102,012,594 | 29,627 |
| | China Railway Group Ltd. Class H | 67,030,604 | 29,146 |
| * | TAL Education Group ADR | 6,091,497 | 28,691 |
| | China Yangtze Power Co. Ltd. Class A (XSHG) | 10,284,791 | 28,622 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | BYD Co. Ltd. Class A (XSEC) | 842,669 | 28,532 |
| * | Zai Lab Ltd. ADR | 1,265,372 | 28,192 |
| | Haitong Securities Co. Ltd. Class H | 57,378,870 | 28,048 |
| | Industrial Bank Co. Ltd. Class A | 13,592,165 | 28,038 |
| | Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A (XSHG) | 878,326 | 28,017 |
| * | Alibaba Health Information Technology Ltd. | 65,412,112 | 27,683 |
| *,1,2 | Akeso Inc. Class B | 6,737,000 | 27,035 |
| | China Merchants Bank Co. Ltd. Class A (XSHG) | 7,295,229 | 26,915 |
| | Fuyao Glass Industry Group Co. Ltd. Class A (XSHG) | 5,662,132 | 25,946 |
| 1,2 | Smoore International Holdings Ltd. | 24,348,000 | 25,918 |
| | Foshan Haitian Flavouring & Food Co. Ltd. Class A | 3,119,455 | 25,567 |
| | Shanghai Baosight Software Co. Ltd. Class B | 8,451,772 | 25,492 |
| | Guangdong Investment Ltd. | 40,258,021 | 25,382 |
| | Kingboard Holdings Ltd. | 10,065,608 | 24,849 |
| | Sungrow Power Supply Co. Ltd. Class A | 1,380,992 | 24,812 |
| | Anhui Gujing Distillery Co. Ltd. Class B | 2,050,308 | 24,184 |
| | China Merchants Port Holdings Co. Ltd. | 20,564,671 | 24,110 |
| | Agricultural Bank of China Ltd. Class A (XSSC) | 63,521,395 | 24,036 |
| | Yum China Holdings Inc. | 579,219 | 23,951 |
| * | Tongcheng Travel Holdings Ltd. | 15,330,800 | 23,930 |
| * | Canadian Solar Inc. | 697,856 | 23,657 |
| *,2 | JinkoSolar Holding Co. Ltd. ADR | 496,355 | 23,567 |
| | Muyuan Foods Co. Ltd. Class A (XSHE) | 3,651,331 | 23,522 |
| 1 | China Resources Mixc Lifestyle Services Ltd. | 8,023,800 | 23,497 |
| 1 | Ganfeng Lithium Group Co. Ltd. Class H | 3,437,240 | 23,248 |
| | Shenzhen Inovance Technology Co. Ltd. Class A | 2,494,228 | 22,852 |
| | Aier Eye Hospital Group Co. Ltd. Class A | 6,595,557 | 22,382 |
| | Luxshare Precision Industry Co. Ltd. Class A (XSHE) | 5,739,683 | 22,332 |
| | China State Construction International Holdings Ltd. | 24,672,728 | 22,195 |
| | Country Garden Services Holdings Co. Ltd. | 25,388,331 | 22,190 |
| | China Coal Energy Co. Ltd. Class H | 29,976,653 | 22,045 |
| | GF Securities Co. Ltd. Class A | 11,725,255 | 21,954 |
| | China Power International Development Ltd. | 75,466,063 | 21,809 |
| *,1,2 | Haidilao International Holding Ltd. | 14,664,000 | 21,774 |
| | China Hongqiao Group Ltd. | 30,491,500 | 21,580 |
| * | Chinasoft International Ltd. | 32,399,155 | 21,467 |
| | Weichai Power Co. Ltd. Class H | 22,363,294 | 21,421 |
| 1 | Yadea Group Holdings Ltd. | 13,696,000 | 20,912 |
| | Shenzhen Mindray Bio-Medical Electronics Co. Ltd. Class A (XSHE) | 466,287 | 20,844 |
| | New China Life Insurance Co. Ltd. Class H | 13,078,312 | 20,769 |
| | Jiangsu Hengrui Medicine Co. Ltd. Class A | 3,740,743 | 20,648 |
| 1 | WuXi AppTec Co. Ltd. Class H | 2,567,619 | 20,608 |
| *,2 | Huaneng Power International Inc. Class H | 57,574,822 | 20,602 |
| | Luzhou Laojiao Co. Ltd. Class A (XSHE) | 960,199 | 20,597 |
| 1 | Hansoh Pharmaceutical Group Co. Ltd. | 13,249,000 | 20,481 |
| | China Galaxy Securities Co. Ltd. Class H | 54,679,875 | 20,475 |
| | Inner Mongolia Yitai Coal Co. Ltd. Class B | 14,402,796 | 20,380 |
| | Jiangxi Copper Co. Ltd. Class H | 18,589,722 | 20,314 |
| * | Kanzhun Ltd. ADR | 1,857,847 | 20,306 |
| *,1,2 | Hygeia Healthcare Holdings Co. Ltd. | 4,685,484 | 20,293 |
| | Eve Energy Co. Ltd. Class A | 1,767,538 | 20,171 |
| *,1,2 | Haichang Ocean Park Holdings Ltd. | 22,476,000 | 19,904 |
| | Agricultural Bank of China Ltd. Class A (XSHG) | 52,073,300 | 19,704 |
| * | COSCO SHIPPING Energy Transportation Co. Ltd. Class H | 26,828,261 | 19,543 |
| | Shanghai Pudong Development Bank Co. Ltd. Class A | 21,433,031 | 19,535 |
| | Autohome Inc. ADR | 741,445 | 19,367 |
| *,1,2 | ZhongAn Online P&C Insurance Co. Ltd. Class H | 10,375,193 | 19,340 |
| | | | | | Shares | Market
Value•
($000) |
| | Tongwei Co. Ltd. Class A | 3,228,085 | 19,302 |
| | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A (XSHE) | 1,063,741 | 19,076 |
| | TravelSky Technology Ltd. Class H | 13,056,867 | 18,986 |
| | Wuliangye Yibin Co. Ltd. Class A | 1,030,862 | 18,894 |
| | Ping An Bank Co. Ltd. Class A (XSHE) | 13,170,704 | 18,696 |
| | China Medical System Holdings Ltd. | 17,008,584 | 18,590 |
| | China State Construction Engineering Corp. Ltd. Class A | 28,516,970 | 18,544 |
| | Minth Group Ltd. | 9,373,006 | 18,482 |
| | China Three Gorges Renewables Group Co. Ltd. Class A | 23,926,300 | 18,303 |
| | Fosun International Ltd. | 29,881,125 | 18,260 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class H | 7,199,109 | 18,180 |
| | Beijing Enterprises Holdings Ltd. | 7,139,267 | 18,112 |
| *,1,2 | Koolearn Technology Holding Ltd. | 3,715,500 | 18,103 |
| | 360 DigiTech Inc. ADR | 1,774,197 | 18,026 |
| | SF Holding Co. Ltd. Class A | 2,690,979 | 17,825 |
| 1,2 | China Merchants Securities Co. Ltd. Class H | 19,207,456 | 17,811 |
| | Aluminum Corp. of China Ltd. Class H | 62,433,237 | 17,799 |
| 2 | Shanghai Fudan Microelectronics Group Co. Ltd. Class H | 4,095,000 | 17,712 |
| | ZTE Corp. Class H | 9,919,439 | 17,695 |
| 1 | Huatai Securities Co. Ltd. Class H | 18,068,608 | 17,694 |
| 2 | Country Garden Holdings Co. Ltd. | 137,047,469 | 17,664 |
| | Chongqing Zhifei Biological Products Co. Ltd. Class A | 1,493,651 | 17,470 |
| * | Chindata Group Holdings Ltd. ADR | 3,282,698 | 17,431 |
| | Dongfeng Motor Group Co. Ltd. Class H | 38,423,430 | 17,383 |
| | East Money Information Co. Ltd. Class A | 8,029,043 | 17,212 |
| | CRRC Corp. Ltd. Class H | 56,291,000 | 17,068 |
| | Bank of Communications Co. Ltd. Class A (XSSC) | 27,951,539 | 17,056 |
| | Beijing-Shanghai High Speed Railway Co. Ltd. Class A | 27,440,642 | 16,789 |
| *,2 | Air China Ltd. Class H | 23,895,808 | 16,630 |
| | China Everbright Environment Group Ltd. | 49,978,203 | 16,625 |
| | PetroChina Co. Ltd. Class A | 25,360,969 | 16,616 |
| | JA Solar Technology Co. Ltd. Class A (XSHE) | 1,927,240 | 16,549 |
| | CMOC Group Ltd. Class H | 50,978,171 | 16,413 |
| | Beijing Kingsoft Office Software Inc. Class A (XSHG) | 410,349 | 16,391 |
| | Bank of China Ltd. Class A (XSSC) | 39,685,200 | 16,374 |
| * | Tianqi Lithium Corp. Class A (XSHE) | 1,252,687 | 16,361 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class H | 11,899,426 | 16,127 |
| | Haitian International Holdings Ltd. | 8,040,180 | 16,098 |
| | Bosideng International Holdings Ltd. | 37,091,764 | 16,020 |
| | JOYY Inc. ADR | 627,298 | 15,827 |
| 1 | China Resources Pharmaceutical Group Ltd. | 23,311,626 | 15,726 |
| | Poly Developments & Holdings Group Co. Ltd. Class A | 8,102,570 | 15,396 |
| 2 | Flat Glass Group Co. Ltd. Class H | 6,536,000 | 15,331 |
| 1,2 | 3SBio Inc. | 21,679,086 | 15,310 |
| *,2 | China Southern Airlines Co. Ltd. Class H | 29,427,638 | 15,192 |
| | LONGi Green Energy Technology Co. Ltd. Class A (XSHG) | 2,297,021 | 15,170 |
| | CRRC Corp. Ltd. Class A | 23,269,989 | 15,156 |
| *,1 | China Literature Ltd. | 5,568,364 | 15,023 |
| | Lufax Holding Ltd. ADR | 9,448,491 | 15,023 |
| 2 | Yuexiu Property Co. Ltd. | 17,545,332 | 14,972 |
| | Bank of Ningbo Co. Ltd. Class A (XSHE) | 4,560,377 | 14,884 |
| | Ganfeng Lithium Group Co. Ltd. Class A (XSHE) | 1,374,030 | 14,876 |
| | AviChina Industry & Technology Co. Ltd. Class H | 33,799,476 | 14,803 |
| | China Traditional Chinese Medicine Holdings Co. Ltd. | 34,054,802 | 14,720 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Far East Horizon Ltd. | 18,956,130 | 14,638 |
| 2 | Xtep International Holdings Ltd. | 15,753,291 | 14,439 |
| | Hangzhou Tigermed Consulting Co. Ltd. Class A | 1,251,034 | 14,296 |
| * | GDS Holdings Ltd. Class A | 12,641,844 | 14,110 |
| | China Taiping Insurance Holdings Co. Ltd. | 20,296,200 | 14,056 |
| | Shandong Gold Mining Co. Ltd. Class A (XSSC) | 5,903,446 | 14,039 |
| | Zijin Mining Group Co. Ltd. Class A (XSSC) | 12,755,600 | 13,877 |
| | Haier Smart Home Co. Ltd. Class A (XSSC) | 4,850,507 | 13,844 |
| | Shaanxi Coal Industry Co. Ltd. Class A (XSHG) | 5,067,134 | 13,772 |
| | Inner Mongolia Yili Industrial Group Co. Ltd. Class A | 3,964,892 | 13,738 |
| 1,2 | Jiumaojiu International Holdings Ltd. | 8,741,000 | 13,738 |
| | Jiangsu Expressway Co. Ltd. Class H | 19,426,976 | 13,703 |
| * | Beijing Capital International Airport Co. Ltd. Class H | 25,146,447 | 13,618 |
| | Dongyue Group Ltd. | 15,670,339 | 13,600 |
| *,2 | Microport Scientific Corp. | 6,427,143 | 13,579 |
| * | Qinghai Salt Lake Industry Co. Ltd. Class A | 4,588,367 | 13,550 |
| | COSCO SHIPPING Ports Ltd. | 27,357,359 | 13,491 |
| | Tsingtao Brewery Co. Ltd. Class A (XSHG) | 1,201,551 | 13,490 |
| *,1 | Hua Hong Semiconductor Ltd. | 5,682,606 | 13,311 |
| | Hollysys Automation Technologies Ltd. | 834,850 | 13,308 |
| | China Vanke Co. Ltd. Class A (XSHE) | 7,134,297 | 13,224 |
| | Unigroup Guoxin Microelectronics Co. Ltd. Class A (XSHE) | 583,369 | 13,145 |
| | Guotai Junan Securities Co. Ltd. Class A (XSHG) | 7,178,500 | 13,036 |
| | Huatai Securities Co. Ltd. Class A (XSSC) | 7,927,031 | 13,022 |
| | Nine Dragons Paper Holdings Ltd. | 21,824,910 | 12,935 |
| | China Shenhua Energy Co. Ltd. Class A (XSHG) | 3,351,530 | 12,858 |
| | SF Holding Co. Ltd. Class A (XSHE) | 1,941,124 | 12,858 |
| | NAURA Technology Group Co. Ltd. Class A (XSHE) | 353,300 | 12,827 |
| 1,2 | Pop Mart International Group Ltd. | 9,873,800 | 12,801 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class B | 17,172,573 | 12,767 |
| | Zhejiang Expressway Co. Ltd. Class H | 20,581,477 | 12,759 |
| | CSC Financial Co. Ltd. Class A | 3,917,310 | 12,712 |
| *,1,2 | Remegen Co. Ltd. Class H | 2,008,000 | 12,636 |
| 1 | Topsports International Holdings Ltd. | 24,991,000 | 12,601 |
| * | RLX Technology Inc. ADR | 9,930,784 | 12,413 |
| | China Shenhua Energy Co. Ltd. Class A (XSSC) | 3,198,248 | 12,270 |
| *,2 | Zhaojin Mining Industry Co. Ltd. Class H | 14,887,167 | 12,266 |
| 2 | Shenzhen International Holdings Ltd. | 18,167,978 | 12,221 |
| | Jiangsu Hengrui Medicine Co. Ltd. Class A (XSHG) | 2,189,399 | 12,085 |
| 1 | Dali Foods Group Co. Ltd. | 29,317,548 | 12,068 |
| | Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. Class A | 1,224,592 | 11,986 |
| | Industrial Bank Co. Ltd. Class A (XSHG) | 5,785,401 | 11,934 |
| 1 | CSC Financial Co. Ltd. Class H | 16,335,500 | 11,843 |
| | China United Network Communications Ltd. Class A | 25,513,444 | 11,760 |
| 2 | China Jinmao Holdings Group Ltd. | 88,655,771 | 11,746 |
| | Chongqing Changan Automobile Co. Ltd. Class B | 27,030,511 | 11,718 |
| | China CITIC Bank Corp. Ltd. Class A (XSSC) | 19,512,466 | 11,582 |
| | Kingboard Laminates Holdings Ltd. | 14,496,799 | 11,581 |
| | China Petroleum & Chemical Corp. Class A | 20,639,101 | 11,531 |
| | Beijing Enterprises Water Group Ltd. | 54,776,691 | 11,508 |
| 1,2 | CanSino Biologics Inc. Class H | 1,234,800 | 11,480 |
| | Greentown China Holdings Ltd. | 12,021,719 | 11,470 |
| | NARI Technology Co. Ltd. Class A (XSHG) | 3,404,770 | 11,436 |
| | Zijin Mining Group Co. Ltd. Class A (XSHG) | 10,475,800 | 11,397 |
| | China Overseas Property Holdings Ltd. | 17,992,311 | 11,324 |
| | | | | | Shares | Market
Value•
($000) |
| *,1 | Keymed Biosciences Inc. | 1,977,500 | 11,323 |
| | China Cinda Asset Management Co. Ltd. Class H | 121,279,276 | 11,266 |
| | BOE Varitronix Ltd. | 7,525,813 | 11,160 |
| * | Weibo Corp. ADR | 983,457 | 11,133 |
| | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A | 352,606 | 11,022 |
| | Yunnan Energy New Material Co. Ltd. (XSHE) | 543,035 | 11,013 |
| | Fufeng Group Ltd. | 21,196,495 | 10,992 |
| | China Resources Cement Holdings Ltd. | 30,347,076 | 10,969 |
| | China Everbright Bank Co. Ltd. Class H | 41,714,956 | 10,786 |
| * | Yihai International Holding Ltd. | 6,532,648 | 10,765 |
| | Foxconn Industrial Internet Co. Ltd. Class A | 9,484,900 | 10,674 |
| | Suzhou Maxwell Technologies Co. Ltd. Class A | 162,116 | 10,667 |
| | China CSSC Holdings Ltd. Class A | 2,886,329 | 10,518 |
| | Sany Heavy Equipment International Holdings Co. Ltd. | 12,821,954 | 10,515 |
| | China Lesso Group Holdings Ltd. | 12,952,317 | 10,513 |
| | BOE Technology Group Co. Ltd. Class B (XSHE) | 24,046,999 | 10,388 |
| *,1,2 | Shanghai Junshi Biosciences Co. Ltd. Class H | 2,958,200 | 10,332 |
| | China Everbright Bank Co. Ltd. Class A (XSSC) | 27,600,494 | 10,297 |
| | SAIC Motor Corp. Ltd. Class A | 5,447,413 | 10,283 |
| | Jinko Solar Co. Ltd. Class A | 4,578,344 | 10,250 |
| 2 | Xinte Energy Co. Ltd. Class H | 5,241,200 | 10,225 |
| 1,2 | Jinxin Fertility Group Ltd. | 20,625,500 | 10,167 |
| | China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A (XSHE) | 5,633,030 | 10,155 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class H | 33,403,539 | 10,125 |
| *,2 | Golden Solar New Energy Technology Holdings Ltd. | 10,120,000 | 10,106 |
| * | Lifetech Scientific Corp. | 31,957,059 | 10,028 |
| *,1 | InnoCare Pharma Ltd. | 8,492,000 | 9,921 |
| | Uni-President China Holdings Ltd. | 13,385,000 | 9,885 |
| *,1,2 | Ping An Healthcare & Technology Co. Ltd. | 5,316,695 | 9,834 |
| | Shaanxi Coal Industry Co. Ltd. Class A | 3,605,683 | 9,800 |
| | C&D International Investment Group Ltd. | 6,299,000 | 9,774 |
| *,1,2 | New Horizon Health Ltd. | 4,368,000 | 9,745 |
| | Yihai Kerry Arawana Holdings Co. Ltd. Class A | 1,836,363 | 9,647 |
| | Hello Group Inc. ADR | 2,045,724 | 9,615 |
| | NARI Technology Co. Ltd. Class A | 2,846,961 | 9,562 |
| | Orient Securities Co. Ltd. Class A (XSSC) | 8,907,177 | 9,501 |
| 1 | Fuyao Glass Industry Group Co. Ltd. Class H | 2,650,000 | 9,497 |
| | China Water Affairs Group Ltd. | 13,386,149 | 9,481 |
| *,2 | China Eastern Airlines Corp. Ltd. Class H | 28,721,558 | 9,477 |
| | China Communications Services Corp. Ltd. Class H | 33,834,821 | 9,441 |
| | AECC Aviation Power Co. Ltd. Class A | 1,407,766 | 9,414 |
| | Trina Solar Co. Ltd. Class A (XSHG) | 1,030,914 | 9,407 |
| *,1,2 | Weimob Inc. | 26,609,000 | 9,355 |
| | Shenwan Hongyuan Group Co. Ltd. Class A (XSHE) | 17,517,981 | 9,346 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class H | 10,758,290 | 9,322 |
| | Citic Pacific Special Steel Group Co. Ltd. Class A (XSHE) | 4,224,654 | 9,320 |
| | Inner Mongolia ERDOS Resources Co. Ltd. Class A | 4,869,110 | 9,307 |
| | WuXi AppTec Co. Ltd. Class A (XSHG) | 886,346 | 9,289 |
| * | Shanghai International Airport Co. Ltd. Class A | 1,269,362 | 9,288 |
| | FinVolution Group ADR | 2,140,019 | 9,288 |
| | East Money Information Co. Ltd. Class A (XSHE) | 4,329,443 | 9,281 |
| | Bank of Nanjing Co. Ltd. Class A | 6,529,668 | 9,245 |
| 2 | China Suntien Green Energy Corp. Ltd. Class H | 24,277,823 | 9,207 |
| | Imeik Technology Development Co. Ltd. Class A (XSHE) | 156,160 | 9,020 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Huayou Cobalt Co. Ltd. Class A (XSHG) | 1,202,288 | 8,999 |
| | Trina Solar Co. Ltd. Class A | 985,942 | 8,998 |
| | Ningbo Deye Technology Co. Ltd. Class A (XSHG) | 200,354 | 8,993 |
| 2 | Tianneng Power International Ltd. | 9,326,156 | 8,973 |
| | CITIC Securities Co. Ltd. Class A (XSSC) | 3,800,980 | 8,971 |
| | Luzhou Laojiao Co. Ltd. Class A | 418,100 | 8,969 |
| * | Ginlong Technologies Co. Ltd. Class A | 348,275 | 8,930 |
| 1 | China Railway Signal & Communication Corp. Ltd. Class H | 31,153,798 | 8,880 |
| * | iQIYI Inc. ADR | 4,382,927 | 8,854 |
| | Pharmaron Beijing Co. Ltd. Class A (XSEC) | 1,240,006 | 8,810 |
| | Grand Pharmaceutical Group Ltd. | 20,574,710 | 8,804 |
| * | Advanced Micro-Fabrication Equipment Inc. China Class A | 576,844 | 8,763 |
| | Huadong Medicine Co. Ltd. Class A (XSHE) | 1,557,247 | 8,762 |
| | Daqin Railway Co. Ltd. Class A | 9,835,760 | 8,638 |
| | Muyuan Foods Co. Ltd. Class A | 1,338,367 | 8,622 |
| | TCL Zhonghuan Renewable Energy Technology Co. Ltd. Class A (XSHE) | 1,584,800 | 8,592 |
| | CIMC Enric Holdings Ltd. | 8,797,019 | 8,575 |
| | China Datang Corp. Renewable Power Co. Ltd. Class H | 31,736,000 | 8,566 |
| | Lao Feng Xiang Co. Ltd. Class B | 3,031,352 | 8,501 |
| | Guangdong Haid Group Co. Ltd. Class A (XSHE) | 1,070,667 | 8,477 |
| | SSY Group Ltd. | 20,337,775 | 8,422 |
| *,2 | Differ Group Auto Ltd. | 42,058,000 | 8,411 |
| * | Shanghai Aiko Solar Energy Co. Ltd. Class A | 1,727,300 | 8,348 |
| | Jiangsu Hengli Hydraulic Co. Ltd. Class A | 1,101,739 | 8,330 |
| | Shanxi Xinghuacun Fen Wine Factory Co. Ltd. Class A | 259,520 | 8,278 |
| | China Northern Rare Earth Group High-Tech Co. Ltd. Class A | 2,484,440 | 8,276 |
| | Beijing United Information Technology Co. Ltd. Class A | 486,020 | 8,267 |
| | Montage Technology Co. Ltd. Class A | 1,066,099 | 8,263 |
| | Yunnan Baiyao Group Co. Ltd. Class A (XSHE) | 1,101,229 | 8,238 |
| 2 | Sinotruk Hong Kong Ltd. | 9,191,467 | 8,194 |
| | China Meidong Auto Holdings Ltd. | 6,194,521 | 8,136 |
| | China Energy Engineering Corp. Ltd. | 25,780,298 | 8,090 |
| | China Zhenhua Group Science & Technology Co. Ltd. Class A (XSHE) | 432,542 | 8,007 |
| 2 | Hopson Development Holdings Ltd. | 9,987,049 | 8,006 |
| | CITIC Securities Co. Ltd. Class A (XSHG) | 3,382,863 | 7,984 |
| 2 | Dongfang Electric Corp. Ltd. Class H | 5,225,813 | 7,882 |
| | Walvax Biotechnology Co. Ltd. Class A | 1,484,157 | 7,840 |
| | China National Nuclear Power Co. Ltd. Class A (XSHG) | 9,441,847 | 7,815 |
| * | Yangzijiang Financial Holding Ltd. | 35,555,698 | 7,786 |
| | China Minsheng Banking Corp. Ltd. Class A (XSSC) | 17,167,854 | 7,766 |
| | TCL Zhonghuan Renewable Energy Technology Co. Ltd. Class A | 1,429,400 | 7,750 |
| 2 | COSCO SHIPPING Development Co. Ltd. Class H | 66,772,529 | 7,739 |
| *,2,3 | China Evergrande Group | 48,775,057 | 7,689 |
| | Sinopec Engineering Group Co. Ltd. Class H | 21,432,064 | 7,664 |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class B | 4,192,192 | 7,659 |
| | Henan Shuanghui Investment & Development Co. Ltd. Class A (XSHE) | 2,445,776 | 7,639 |
| | Wingtech Technology Co. Ltd. Class A | 1,159,831 | 7,608 |
| * | Shanghai Electric Group Co. Ltd. Class H | 38,897,315 | 7,575 |
| | Guangzhou Tinci Materials Technology Co. Ltd. Class A (XSHE) | 1,288,458 | 7,507 |
| | Bank of Shanghai Co. Ltd. Class A (XSHG) | 9,736,861 | 7,450 |
| | Zhongyu Energy Holdings Ltd. | 9,985,000 | 7,431 |
| | | | | | Shares | Market
Value•
($000) |
| 2 | China International Marine Containers Group Co. Ltd. Class H | 11,663,366 | 7,424 |
| | Baoshan Iron & Steel Co. Ltd. Class A (XSHG) | 11,232,494 | 7,416 |
| | Sany Heavy Industry Co. Ltd. Class A (XSHG) | 3,996,579 | 7,416 |
| | CSG Holding Co. Ltd. Class B | 19,365,573 | 7,415 |
| 1,2 | Simcere Pharmaceutical Group Ltd. | 6,633,000 | 7,361 |
| | Sany Heavy Industry Co. Ltd. Class A | 3,956,664 | 7,342 |
| 2 | Poly Property Services Co. Ltd. Class H | 1,979,800 | 7,323 |
| | BOE Technology Group Co. Ltd. Class A (XSHE) | 15,937,654 | 7,311 |
| | Metallurgical Corp. of China Ltd. Class H | 45,755,885 | 7,286 |
| | AECC Aviation Power Co. Ltd. Class A (XSHG) | 1,087,613 | 7,276 |
| | Yonyou Network Technology Co. Ltd. Class A | 2,164,585 | 7,272 |
| 1,2 | Blue Moon Group Holdings Ltd. | 12,260,000 | 7,233 |
| | Inner Mongolia Yili Industrial Group Co. Ltd. Class A (XSHG) | 2,076,762 | 7,196 |
| | Digital China Holdings Ltd. | 18,155,894 | 7,191 |
| | China State Construction Engineering Corp. Ltd. Class A (XSHG) | 11,054,560 | 7,191 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class H | 54,804,131 | 7,189 |
| | Hundsun Technologies Inc. Class A | 1,254,280 | 7,183 |
| | Weichai Power Co. Ltd. Class A (XSHE) | 5,641,378 | 7,041 |
| | Ping An Bank Co. Ltd. Class A | 4,950,500 | 7,027 |
| 2 | Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H | 21,772,532 | 7,017 |
| | StarPower Semiconductor Ltd. Class A (XSHG) | 137,300 | 7,013 |
| | Western Superconducting Technologies Co. Ltd. Class A | 438,623 | 7,010 |
| | Skyworth Group Ltd. | 19,047,212 | 6,987 |
| | Hangzhou Steam Turbine Power Group Co. Ltd. Class B | 5,096,887 | 6,965 |
| | Sinotrans Ltd. Class H | 28,566,836 | 6,956 |
| *,2 | Vnet Group Inc. ADR | 1,659,520 | 6,953 |
| | Chaozhou Three-Circle Group Co. Ltd. Class A | 1,783,608 | 6,945 |
| | Shougang Fushan Resources Group Ltd. | 25,598,000 | 6,934 |
| *,2 | Alibaba Pictures Group Ltd. | 186,929,250 | 6,909 |
| | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. Class A | 923,079 | 6,904 |
| | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. Class A (XSHG) | 219,475 | 6,860 |
| | China Construction Bank Corp. Class A (XSSC) | 9,364,110 | 6,855 |
| | PAX Global Technology Ltd. | 8,704,436 | 6,841 |
| 1 | BAIC Motor Corp. Ltd. Class H | 30,835,593 | 6,831 |
| | Power Construction Corp. of China Ltd. Class A | 7,062,608 | 6,825 |
| | GoerTek Inc. Class A (XSHE) | 2,299,204 | 6,825 |
| | Ningbo Orient Wires & Cables Co. Ltd. Class A | 645,799 | 6,817 |
| | Shenzhen Expressway Corp. Ltd. Class H | 9,487,170 | 6,811 |
| | Fu Shou Yuan International Group Ltd. | 13,609,913 | 6,799 |
| | SG Micro Corp. Class A | 330,741 | 6,798 |
| | Huaxia Bank Co. Ltd. Class A | 10,286,640 | 6,758 |
| | Sanan Optoelectronics Co. Ltd. Class A (XSSC) | 2,840,742 | 6,731 |
| *,2 | Canaan Inc. ADR | 2,306,390 | 6,689 |
| | China Education Group Holdings Ltd. | 11,386,724 | 6,667 |
| | SDIC Power Holdings Co. Ltd. Class A | 4,812,507 | 6,657 |
| | ZTE Corp. Class A (XSEC) | 2,176,074 | 6,629 |
| 2 | Huadian Power International Corp. Ltd. Class H | 21,811,909 | 6,551 |
| | Yealink Network Technology Corp. Ltd. Class A (XSHE) | 691,917 | 6,549 |
| | China Life Insurance Co. Ltd. Class A | 1,788,390 | 6,525 |
| | Ninestar Corp. Class A | 830,840 | 6,522 |
| 2 | Jinke Smart Services Group Co. Ltd. Class H | 4,420,200 | 6,487 |
| | SAIC Motor Corp. Ltd. Class A (XSHG) | 3,428,865 | 6,473 |
| | Shenzhen Transsion Holdings Co. Ltd. Class A | 754,936 | 6,453 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | China Resources Microelectronics Ltd. Class A | 928,506 | 6,448 |
| | Iflytek Co. Ltd. Class A (XSHE) | 1,338,959 | 6,444 |
| * | COFCO Joycome Foods Ltd. | 30,649,000 | 6,437 |
| 2 | China Risun Group Ltd. | 18,238,000 | 6,434 |
| * | Air China Ltd. Class A (XSHG) | 4,814,714 | 6,395 |
| | Bank of Beijing Co. Ltd. Class A | 11,518,773 | 6,380 |
| * | China Southern Airlines Co. Ltd. Class A | 7,124,155 | 6,330 |
| | Lens Technology Co. Ltd. Class A | 4,624,054 | 6,328 |
| | Focus Media Information Technology Co. Ltd. Class A (XSHE) | 10,249,831 | 6,307 |
| | Shanghai Industrial Holdings Ltd. | 6,448,289 | 6,292 |
| | Inner Mongolia BaoTou Steel Union Co. Ltd. Class A | 26,036,625 | 6,286 |
| | China Everbright Ltd. | 11,862,100 | 6,254 |
| | Everbright Securities Co. Ltd. Class A (XSSC) | 3,223,310 | 6,218 |
| | China Merchants Energy Shipping Co. Ltd. Class A (XSHG) | 6,459,623 | 6,194 |
| 2 | Shoucheng Holdings Ltd. | 34,013,211 | 6,191 |
| | Will Semiconductor Co. Ltd. Shanghai Class A (XSHG) | 612,495 | 6,173 |
| *,1,2 | Luye Pharma Group Ltd. | 25,349,956 | 6,162 |
| * | Noah Holdings Ltd. ADR | 469,310 | 6,157 |
| | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A | 342,609 | 6,144 |
| * | GD Power Development Co. Ltd. Class A | 10,121,115 | 6,065 |
| | TBEA Co. Ltd. Class A | 2,160,758 | 6,055 |
| | Anhui Conch Cement Co. Ltd. Class A (XSHG) | 1,804,757 | 6,015 |
| | Changchun High & New Technology Industry Group Inc. Class A (XSHE) | 270,268 | 6,014 |
| *,1,2 | Alphamab Oncology | 8,512,000 | 5,985 |
| * | Datang International Power Generation Co. Ltd. Class H | 47,002,046 | 5,981 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class H | 2,675,825 | 5,969 |
| | Fuyao Glass Industry Group Co. Ltd. Class A (XSSC) | 1,297,713 | 5,947 |
| | China Yongda Automobiles Services Holdings Ltd. | 13,150,652 | 5,899 |
| | Lepu Medical Technology Beijing Co. Ltd. Class A | 1,700,192 | 5,895 |
| | Poly Developments & Holdings Group Co. Ltd. Class A (XSHG) | 3,092,252 | 5,876 |
| | Anhui Gujing Distillery Co. Ltd. Class A | 216,881 | 5,873 |
| | Foshan Haitian Flavouring & Food Co. Ltd. Class A (XSHG) | 713,920 | 5,851 |
| | Tongwei Co. Ltd. Class A (XSHG) | 975,800 | 5,835 |
| 1 | Legend Holdings Corp. Class H | 6,933,114 | 5,828 |
| | Vinda International Holdings Ltd. | 3,080,000 | 5,776 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class B | 4,026,863 | 5,769 |
| *,1 | Zhou Hei Ya International Holdings Co. Ltd. | 13,053,404 | 5,749 |
| * | Sohu.com Ltd. ADR | 405,166 | 5,737 |
| | Maxscend Microelectronics Co. Ltd. Class A | 453,197 | 5,736 |
| | Yankuang Energy Group Co. Ltd. Class A (XSSC) | 1,031,200 | 5,735 |
| | MINISO Group Holding Ltd. ADR | 1,123,961 | 5,732 |
| | NetDragon Websoft Holdings Ltd. | 3,405,138 | 5,718 |
| | Xinyi Energy Holdings Ltd. | 22,430,000 | 5,713 |
| | Anhui Conch Cement Co. Ltd. Class A (XSSC) | 1,712,561 | 5,709 |
| | Jiangsu Pacific Quartz Co. Ltd. Class A | 318,710 | 5,695 |
| | ZTE Corp. Class A (XSHE) | 1,857,365 | 5,658 |
| | Yanlord Land Group Ltd. | 9,249,260 | 5,653 |
| | Concord New Energy Group Ltd. | 73,924,071 | 5,648 |
| 1,2 | Angelalign Technology Inc. | 636,193 | 5,613 |
| | Suzhou Dongshan Precision Manufacturing Co. Ltd. Class A | 1,619,700 | 5,608 |
| * | China Conch Environment Protection Holdings Ltd. | 19,004,018 | 5,603 |
| | Ningbo Tuopu Group Co. Ltd. Class A | 627,718 | 5,578 |
| | | | | | Shares | Market
Value•
($000) |
| | Guanghui Energy Co. Ltd. Class A | 3,956,412 | 5,575 |
| *,2 | Gushengtang Holdings Ltd. | 1,316,700 | 5,575 |
| | TCL Technology Group Corp. Class A (XSHE) | 10,334,722 | 5,551 |
| 1 | Guotai Junan Securities Co. Ltd. Class H | 5,474,936 | 5,531 |
| | Weichai Power Co. Ltd. Class A (XSEC) | 4,423,500 | 5,521 |
| | China National Chemical Engineering Co. Ltd. Class A | 5,677,522 | 5,515 |
| 1 | AK Medical Holdings Ltd. | 5,285,000 | 5,494 |
| | Shanghai Pudong Development Bank Co. Ltd. Class A (XSHG) | 6,018,977 | 5,486 |
| *,2 | Yeahka Ltd. | 2,395,200 | 5,461 |
| | Chongqing Brewery Co. Ltd. Class A | 455,751 | 5,454 |
| | Wuxi Shangji Automation Co. Ltd. Class A | 323,960 | 5,445 |
| | 360 Security Technology Inc. Class A | 5,601,095 | 5,442 |
| | Sinomine Resource Group Co. Ltd. Class A | 441,980 | 5,440 |
| | Shenwan Hongyuan Group Co. Ltd. Class A | 10,186,674 | 5,435 |
| | China Pacific Insurance Group Co. Ltd. Class A (XSHG) | 2,074,093 | 5,414 |
| 1 | Hangzhou Tigermed Consulting Co. Ltd. Class H | 797,000 | 5,413 |
| | Shenzhen Dynanonic Co. Ltd. Class A | 152,820 | 5,408 |
| 1,2 | A-Living Smart City Services Co. Ltd. | 9,460,413 | 5,368 |
| | Bank of Ningbo Co. Ltd. Class A | 1,630,770 | 5,323 |
| | Hangzhou First Applied Material Co. Ltd. Class A (XSHG) | 600,788 | 5,315 |
| | Pylon Technologies Co. Ltd. Class A | 125,285 | 5,302 |
| | Shanghai Putailai New Energy Technology Co. Ltd. Class A | 772,530 | 5,288 |
| 1,2 | Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class H | 2,496,159 | 5,280 |
| | Sichuan Road & Bridge Group Co. Ltd. Class A | 3,398,595 | 5,251 |
| | Hengli Petrochemical Co. Ltd. Class A (XSHG) | 2,481,850 | 5,230 |
| | Yifeng Pharmacy Chain Co. Ltd. Class A | 676,160 | 5,204 |
| | Sunwoda Electronic Co. Ltd. Class A | 1,630,380 | 5,199 |
| | Dongfang Electric Corp. Ltd. Class A (XSSC) | 1,632,091 | 5,199 |
| * | Shanghai International Airport Co. Ltd. Class A (XSHG) | 709,726 | 5,192 |
| | Hisense Home Appliances Group Co. Ltd. Class A (XSHE) | 3,530,027 | 5,191 |
| | Shede Spirits Co. Ltd. Class A | 323,552 | 5,191 |
| *,2 | China Ruyi Holdings Ltd. | 32,990,709 | 5,175 |
| 2 | Greentown Service Group Co. Ltd. | 12,645,893 | 5,174 |
| *,2 | XD Inc. | 2,973,200 | 5,161 |
| *,1,2 | Kintor Pharmaceutical Ltd. | 3,250,500 | 5,156 |
| | Hoymiles Power Electronics Inc. Class A | 43,001 | 5,150 |
| | China National Nuclear Power Co. Ltd. Class A | 6,213,776 | 5,143 |
| | Shandong Hualu Hengsheng Chemical Co. Ltd. Class A (XSHG) | 1,426,263 | 5,125 |
| | Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. Class A | 296,786 | 5,106 |
| | Jiangsu Zhongtian Technology Co. Ltd. Class A | 1,692,264 | 5,102 |
| * | Topchoice Medical Corp. Class A | 302,579 | 5,097 |
| * | Pangang Group Vanadium Titanium & Resources Co. Ltd. Class A | 8,199,400 | 5,088 |
| * | China Common Rich Renewable Energy Investments Ltd. | 206,154,000 | 5,084 |
| | Shanghai International Port Group Co. Ltd. Class A | 7,164,734 | 5,082 |
| *,1,2 | Microport Cardioflow Medtech Corp. | 16,601,000 | 5,043 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A (XSHG) | 1,115,500 | 5,030 |
| | Anjoy Foods Group Co. Ltd. Class A | 272,798 | 5,030 |
| *,1,2 | Peijia Medical Ltd. | 6,036,000 | 5,000 |
| | NAURA Technology Group Co. Ltd. Class A | 137,400 | 4,989 |
| | China Reinsurance Group Corp. Class H | 94,101,940 | 4,975 |
| 2 | Tiangong International Co. Ltd. | 17,907,224 | 4,971 |
| | Aluminum Corp. of China Ltd. Class A | 9,376,800 | 4,971 |
| | YongXing Special Materials Technology Co. Ltd. Class A (XSHE) | 308,468 | 4,928 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Weifu High-Technology Group Co. Ltd. Class B | 3,239,449 | 4,920 |
| | China National Software & Service Co. Ltd. Class A (XSSC) | 494,434 | 4,919 |
| * | Hainan Meilan International Airport Co. Ltd. | 3,161,000 | 4,909 |
| *,1,2 | Venus MedTech Hangzhou Inc. Class H | 3,983,500 | 4,906 |
| | China CSSC Holdings Ltd. Class A (XSHG) | 1,341,500 | 4,888 |
| * | Fushun Special Steel Co. Ltd. Class A | 1,960,890 | 4,882 |
| | Xinjiang Daqo New Energy Co. Ltd. Class A | 697,728 | 4,871 |
| * | New Hope Liuhe Co. Ltd. Class A (XSHE) | 2,745,724 | 4,867 |
| * | National Silicon Industry Group Co. Ltd. Class A | 1,744,270 | 4,859 |
| | Chongqing Changan Automobile Co. Ltd. Class A (XSEC) | 3,131,504 | 4,846 |
| | Shandong Nanshan Aluminum Co. Ltd. Class A | 11,453,713 | 4,846 |
| | Chengxin Lithium Group Co. Ltd. Class A | 812,074 | 4,833 |
| | Shanxi Meijin Energy Co. Ltd. Class A | 4,006,823 | 4,814 |
| *,2 | Seazen Group Ltd. | 29,856,101 | 4,796 |
| | Founder Securities Co. Ltd. Class A | 5,520,913 | 4,795 |
| | Chongqing Changan Automobile Co. Ltd. Class A (XSHE) | 3,097,198 | 4,793 |
| | Bank of Hangzhou Co. Ltd. Class A | 2,885,351 | 4,787 |
| * | Yunnan Yuntianhua Co. Ltd. Class A | 1,731,800 | 4,786 |
| | China BlueChemical Ltd. Class H | 25,064,568 | 4,784 |
| | Bloomage Biotechnology Corp. Ltd. Class A | 327,308 | 4,774 |
| * | Seres Group Co. Ltd. Class A | 759,128 | 4,769 |
| 2 | Sihuan Pharmaceutical Holdings Group Ltd. | 55,781,595 | 4,755 |
| *,2 | Helens International Holdings Co. Ltd. | 4,928,500 | 4,735 |
| | Unigroup Guoxin Microelectronics Co. Ltd. Class A | 209,902 | 4,730 |
| | Canvest Environmental Protection Group Co. Ltd. | 7,672,840 | 4,724 |
| | Hangzhou Chang Chuan Technology Co. Ltd. Class A | 574,075 | 4,710 |
| | China Overseas Grand Oceans Group Ltd. | 16,625,142 | 4,697 |
| | Zhejiang NHU Co. Ltd. Class A (XSSC) | 1,906,094 | 4,678 |
| *,2 | Yatsen Holding Ltd. ADR | 4,138,932 | 4,677 |
| | Bethel Automotive Safety Systems Co. Ltd. Class A | 390,920 | 4,676 |
| | Guotai Junan Securities Co. Ltd. Class A (XSSC) | 2,573,068 | 4,673 |
| *,1,2 | Linklogis Inc. Class B | 13,351,500 | 4,662 |
| | Suzhou TA&A Ultra Clean Technology Co. Ltd. Class A | 547,750 | 4,653 |
| | Angang Steel Co. Ltd. Class H | 22,388,652 | 4,645 |
| | Hengtong Optic-electric Co. Ltd. Class A | 1,733,305 | 4,637 |
| | Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A | 1,111,784 | 4,633 |
| * | Wintime Energy Co. Ltd. Class A | 21,641,900 | 4,629 |
| | Jiangsu Zhongtian Technology Co. Ltd. Class A (XSHG) | 1,534,400 | 4,626 |
| | Shanghai RAAS Blood Products Co. Ltd. Class A | 6,204,699 | 4,622 |
| | China Oriental Group Co. Ltd. | 33,219,736 | 4,611 |
| | Ningbo Ronbay New Energy Technology Co. Ltd. Class A | 425,820 | 4,605 |
| | China Everbright Bank Co. Ltd. Class A (XSHG) | 12,300,000 | 4,589 |
| | Huizhou Desay Sv Automotive Co. Ltd. Class A (XSHE) | 321,700 | 4,569 |
| | Shenzhen Investment Ltd. | 33,465,262 | 4,560 |
| | Bank of Communications Co. Ltd. Class A (XSHG) | 7,470,900 | 4,559 |
| 1 | Shandong Gold Mining Co. Ltd. Class H | 2,865,950 | 4,555 |
| 2 | China Nonferrous Mining Corp. Ltd. | 12,570,000 | 4,554 |
| | Anhui Expressway Co. Ltd. Class H | 7,116,097 | 4,548 |
| | China Railway Group Ltd. Class A (XSHG) | 6,639,029 | 4,542 |
| | China Jushi Co. Ltd. Class A | 2,826,619 | 4,538 |
| | Beijing Tongrentang Co. Ltd. Class A (XSSC) | 677,294 | 4,531 |
| | Zangge Mining Co. Ltd. Class A | 1,209,800 | 4,514 |
| | | | | | Shares | Market
Value•
($000) |
| | GigaDevice Semiconductor Inc. Class A | 398,089 | 4,499 |
| | YTO Express Group Co. Ltd. Class A | 1,732,100 | 4,482 |
| | BOE Technology Group Co. Ltd. Class A (XSEC) | 9,725,100 | 4,461 |
| | Shenzhen SC New Energy Technology Corp. Class A (XSHE) | 239,070 | 4,461 |
| | Haohua Chemical Science & Technology Co. Ltd. | 757,270 | 4,454 |
| | Shanghai Fosun Pharmaceutical Group Co. Ltd. Class A (XSSC) | 982,699 | 4,432 |
| | Hoshine Silicon Industry Co. Ltd. Class A | 338,200 | 4,429 |
| 1 | Genertec Universal Medical Group Co. Ltd. | 10,591,668 | 4,427 |
| | Bank of Beijing Co. Ltd. Class A (XSHG) | 7,990,662 | 4,426 |
| | Hubei Feilihua Quartz Glass Co. Ltd. Class A | 479,224 | 4,424 |
| | Tong Ren Tang Technologies Co. Ltd. Class H | 8,619,132 | 4,423 |
| | Tsingtao Brewery Co. Ltd. Class A (XSSC) | 391,986 | 4,401 |
| | Shanghai Chlor-Alkali Chemical Co. Ltd. Class B | 7,128,890 | 4,398 |
| | Yuexiu REIT | 25,568,690 | 4,396 |
| 1 | AsiaInfo Technologies Ltd. | 3,666,000 | 4,380 |
| | Gemdale Properties & Investment Corp. Ltd. | 79,762,000 | 4,370 |
| | Zhejiang Juhua Co. Ltd. Class A | 2,022,362 | 4,356 |
| | Bank of Jiangsu Co. Ltd. Class A | 4,582,387 | 4,348 |
| | Livzon Pharmaceutical Group Inc. Class A (XSHE) | 898,081 | 4,345 |
| | Sun Art Retail Group Ltd. | 27,282,500 | 4,341 |
| | Livzon Pharmaceutical Group Inc. Class H | 1,656,853 | 4,337 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class B | 6,706,137 | 4,324 |
| | Bank of Hangzhou Co. Ltd. Class A (XSHG) | 2,605,828 | 4,324 |
| * | Industrial Securities Co. Ltd. Class A | 5,763,904 | 4,319 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class A (XSHG) | 1,786,485 | 4,310 |
| *,1,2 | Ascentage Pharma Group International | 2,159,700 | 4,300 |
| | Beijing Tongrentang Co. Ltd. Class A (XSHG) | 641,800 | 4,294 |
| * | GD Power Development Co. Ltd. Class A (XSHG) | 7,153,216 | 4,287 |
| | Iflytek Co. Ltd. Class A | 888,950 | 4,278 |
| 2 | Poly Property Group Co. Ltd. | 27,257,038 | 4,271 |
| | Baoshan Iron & Steel Co. Ltd. Class A | 6,462,184 | 4,267 |
| | Zhejiang Supcon Technology Co. Ltd. Class A | 320,398 | 4,249 |
| | LB Group Co. Ltd. Class A (XSHE) | 2,000,307 | 4,222 |
| | Huayu Automotive Systems Co. Ltd. Class A | 1,830,816 | 4,208 |
| | AECC Aero-Engine Control Co. Ltd. Class A | 1,020,000 | 4,202 |
| | Jiangsu GoodWe Power Supply Technology Co. Ltd. Class A (XSHG) | 91,321 | 4,201 |
| | Beijing Jingneng Clean Energy Co. Ltd. Class H | 22,589,531 | 4,199 |
| | Bank of Nanjing Co. Ltd. Class A (XSHG) | 2,953,576 | 4,181 |
| * | Shandong Chenming Paper Holdings Ltd. Class B | 14,688,346 | 4,177 |
| | CGN New Energy Holdings Co. Ltd. | 15,546,000 | 4,176 |
| * | Jiangxi Special Electric Motor Co. Ltd. Class A | 1,593,147 | 4,168 |
| * | Towngas Smart Energy Co. Ltd. | 11,891,000 | 4,165 |
| | Shenzhen Salubris Pharmaceuticals Co. Ltd. Class A | 976,653 | 4,146 |
| | Mango Excellent Media Co. Ltd. Class A (XSHE) | 1,372,130 | 4,137 |
| | Wuhan Guide Infrared Co. Ltd. Class A (XSHE) | 2,592,395 | 4,136 |
| | Joinn Laboratories China Co. Ltd. Class A | 524,232 | 4,113 |
| *,3 | China Zhongwang Holdings Ltd. | 19,211,219 | 4,112 |
| | Shanxi Coal International Energy Group Co. Ltd. Class A | 1,901,600 | 4,093 |
| * | Wens Foodstuffs Group Co. Ltd. Class A | 1,663,742 | 4,089 |
| * | Huaneng Power International Inc. Class A (XSSC) | 4,445,997 | 4,086 |
| | TBEA Co. Ltd. Class A (XSHG) | 1,454,069 | 4,075 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class B | 4,704,958 | 4,061 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Sichuan Kelun Pharmaceutical Co. Ltd. Class A (XSHE) | 1,194,312 | 4,060 |
| | Bank of Chongqing Co. Ltd. Class H | 8,943,066 | 4,057 |
| * | Kuang-Chi Technologies Co. Ltd. Class A (XSHE) | 1,703,004 | 4,043 |
| | Shanghai Zhenhua Heavy Industries Co. Ltd. Class B | 16,888,846 | 4,039 |
| | Jiangsu King's Luck Brewery JSC Ltd. Class A | 781,815 | 4,009 |
| | Shenzhen Overseas Chinese Town Co. Ltd. Class A (XSHE) | 6,934,221 | 4,005 |
| | China Minsheng Banking Corp. Ltd. Class A (XSHG) | 8,847,460 | 4,002 |
| | China Railway Group Ltd. Class A (XSSC) | 5,847,514 | 4,002 |
| | China Resources Medical Holdings Co. Ltd. | 8,342,289 | 3,985 |
| | Ningbo Shanshan Co. Ltd. Class A | 1,617,618 | 3,984 |
| | Songcheng Performance Development Co. Ltd. Class A | 2,512,551 | 3,969 |
| * | Chifeng Jilong Gold Mining Co. Ltd. Class A | 1,530,688 | 3,969 |
| | Guangdong Haid Group Co. Ltd. Class A | 501,059 | 3,967 |
| | Shanxi Coking Coal Energy Group Co. Ltd. Class A (XSHE) | 2,539,745 | 3,959 |
| | Shanghai Bairun Investment Holding Group Co. Ltd. Class A | 944,824 | 3,953 |
| | China Greatwall Technology Group Co. Ltd. Class A (XSHE) | 2,581,088 | 3,951 |
| | China Tourism Group Duty Free Corp. Ltd. Class A (XSHG) | 179,700 | 3,949 |
| | iRay Technology Co. Ltd. Class A | 55,809 | 3,947 |
| * | Guangzhou Baiyun International Airport Co. Ltd. Class A (XSHG) | 2,069,847 | 3,944 |
| | Ninestar Corp. Class A (XSHE) | 498,987 | 3,917 |
| 2,3 | Shimao Group Holdings Ltd. | 20,458,923 | 3,910 |
| | Ming Yang Smart Energy Group Ltd. Class A | 1,136,006 | 3,888 |
| | Huaibei Mining Holdings Co. Ltd. Class A | 2,175,100 | 3,878 |
| | COSCO SHIPPING Holdings Co. Ltd. Class A | 2,515,538 | 3,877 |
| | Ningxia Baofeng Energy Group Co. Ltd. Class A | 2,463,800 | 3,875 |
| * | SOHO China Ltd. | 26,396,030 | 3,869 |
| | Meihua Holdings Group Co. Ltd. Class A | 3,094,000 | 3,850 |
| | Beijing Easpring Material Technology Co. Ltd. Class A | 470,600 | 3,824 |
| | Yunnan Energy New Material Co. Ltd. | 187,200 | 3,797 |
| | Sinopec Kantons Holdings Ltd. | 14,042,976 | 3,792 |
| | Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A | 1,641,502 | 3,782 |
| | Yuexiu Transport Infrastructure Ltd. | 9,658,501 | 3,781 |
| *,1,2,3 | Evergrande Property Services Group Ltd. | 59,237,000 | 3,773 |
| * | Skshu Paint Co. Ltd. Class A | 315,048 | 3,762 |
| | New China Life Insurance Co. Ltd. Class A (XSSC) | 1,168,286 | 3,756 |
| | Shanghai Mechanical & Electrical Industry Co. Ltd. Class B | 3,636,957 | 3,750 |
| | Shandong Gold Mining Co. Ltd. Class A (XSHG) | 1,571,280 | 3,737 |
| | By-health Co. Ltd. Class A | 1,553,906 | 3,737 |
| | Lonking Holdings Ltd. | 27,155,868 | 3,736 |
| * | Kingsoft Cloud Holdings Ltd. ADR | 1,474,073 | 3,729 |
| * | China Rare Earth Resources & Technology Co. Ltd. Class A | 936,700 | 3,709 |
| *,2 | Agile Group Holdings Ltd. | 19,461,226 | 3,702 |
| 2,3 | CIFI Holdings Group Co. Ltd. | 57,199,330 | 3,702 |
| | Sichuan Chuantou Energy Co. Ltd. Class A (XSHG) | 2,433,016 | 3,685 |
| | Tianshui Huatian Technology Co. Ltd. Class A | 3,048,819 | 3,682 |
| | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A (XSHG) | 356,490 | 3,680 |
| | China Vanke Co. Ltd. Class A (XSEC) | 1,977,298 | 3,665 |
| 2 | Ming Yuan Cloud Group Holdings Ltd. | 7,932,000 | 3,653 |
| | | | | | Shares | Market
Value•
($000) |
| | Yonyou Network Technology Co. Ltd. Class A (XSHG) | 1,084,641 | 3,645 |
| | ENN Natural Gas Co. Ltd. Class A | 1,709,231 | 3,641 |
| | Shanghai Putailai New Energy Technology Co. Ltd. Class A (XSHG) | 530,690 | 3,633 |
| | Yintai Gold Co. Ltd. Class A (XSHE) | 1,843,853 | 3,631 |
| * | Youngy Co. Ltd. Class A | 239,500 | 3,628 |
| 2 | China Modern Dairy Holdings Ltd. | 35,493,299 | 3,613 |
| | Shanghai Friendess Electronic Technology Corp. Ltd. Class A | 127,745 | 3,607 |
| | Pharmaron Beijing Co. Ltd. Class A (XSHE) | 506,466 | 3,598 |
| | Xiamen Faratronic Co. Ltd. Class A | 148,115 | 3,586 |
| | Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. Class A | 6,717,200 | 3,581 |
| * | Shanghai Electric Group Co. Ltd. Class A (XSHG) | 6,708,393 | 3,575 |
| | Zhejiang Jiuzhou Pharmaceutical Co. Ltd. Class A | 731,570 | 3,566 |
| | Hangzhou Silan Microelectronics Co. Ltd. Class A | 823,870 | 3,555 |
| | Sanan Optoelectronics Co. Ltd. Class A (XSHG) | 1,500,200 | 3,554 |
| * | Zhejiang Century Huatong Group Co. Ltd. Class A | 6,973,302 | 3,539 |
| * | Xiangtan Electric Manufacturing Co. Ltd. Class A | 1,127,053 | 3,534 |
| | Dajin Heavy Industry Co. Ltd. Class A | 538,200 | 3,532 |
| * | Sichuan New Energy Power Co. Ltd. | 1,366,478 | 3,530 |
| | Guosen Securities Co. Ltd. Class A (XSHE) | 2,965,341 | 3,510 |
| | Jiangsu Yoke Technology Co. Ltd. Class A (XSHE) | 434,400 | 3,498 |
| | Sieyuan Electric Co. Ltd. Class A | 758,700 | 3,484 |
| | Daqin Railway Co. Ltd. Class A (XSHG) | 3,964,820 | 3,482 |
| | Ingenic Semiconductor Co. Ltd. Class A | 372,616 | 3,469 |
| * | Beijing Dabeinong Technology Group Co. Ltd. Class A (XSHE) | 2,750,387 | 3,459 |
| | AIMA Technology Group Co. Ltd. Class A | 421,369 | 3,452 |
| | Hongfa Technology Co. Ltd. Class A (XSHG) | 729,168 | 3,437 |
| | Shan Xi Hua Yang Group New Energy Co. Ltd. Class A | 1,483,075 | 3,434 |
| *,1,2 | Mobvista Inc. | 6,641,000 | 3,420 |
| * | Hainan Drinda New Energy Technology Co. Ltd. Class A | 130,100 | 3,416 |
| | Shenzhen Kstar Science & Technology Co. Ltd. Class A | 497,504 | 3,415 |
| * | TCL Electronics Holdings Ltd. | 8,928,329 | 3,411 |
| | Huadian Power International Corp. Ltd. Class A (XSSC) | 4,570,891 | 3,411 |
| | Liaoning Port Co. Ltd. Class A | 15,634,408 | 3,408 |
| | Dazhong Transportation Group Co. Ltd. Class B | 14,483,176 | 3,405 |
| * | Fujian Kuncai Material Technology Co. Ltd. Class A | 427,100 | 3,402 |
| | Gemdale Corp. Class A | 3,158,608 | 3,400 |
| | Lee & Man Paper Manufacturing Ltd. | 11,211,000 | 3,399 |
| | Jiangsu Eastern Shenghong Co. Ltd. Class A (XSHE) | 2,012,600 | 3,394 |
| | Yangzhou Yangjie Electronic Technology Co. Ltd. Class A | 480,947 | 3,384 |
| | Hangzhou Oxygen Plant Group Co. Ltd. | 586,150 | 3,378 |
| * | Lingyi iTech Guangdong Co. Class A (XSHE) | 5,198,300 | 3,372 |
| | Gongniu Group Co. Ltd. Class A | 205,153 | 3,369 |
| | Inspur Electronic Information Industry Co. Ltd. Class A (XSHE) | 1,065,310 | 3,363 |
| | Xiamen C & D Inc. Class A (XSHG) | 2,041,900 | 3,357 |
| * | BAIC BluePark New Energy Technology Co. Ltd. Class A | 4,066,512 | 3,356 |
| *,2 | Cosmopolitan International Holdings Ltd. | 21,916,000 | 3,349 |
| *,2 | Li Auto Inc. Class A | 486,845 | 3,344 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Gotion High-tech Co. Ltd. Class A | 806,600 | 3,335 |
| | Yunnan Baiyao Group Co. Ltd. Class A | 445,330 | 3,331 |
| | Shenzhen Capchem Technology Co. Ltd. Class A | 669,420 | 3,319 |
| | Luxshare Precision Industry Co. Ltd. Class A | 851,486 | 3,313 |
| | Beijing Tiantan Biological Products Corp. Ltd. Class A | 1,164,418 | 3,312 |
| | JiuGui Liquor Co. Ltd. Class A (XSHE) | 236,200 | 3,308 |
| | Zhejiang Dahua Technology Co. Ltd. Class A (XSHE) | 2,081,892 | 3,305 |
| | Ningbo Zhoushan Port Co. Ltd. Class A | 6,931,463 | 3,299 |
| | AVIC Electromechanical Systems Co. Ltd. Class A (XSHE) | 2,057,022 | 3,298 |
| | Hundsun Technologies Inc. Class A (XSHG) | 575,359 | 3,295 |
| | Xiamen Tungsten Co. Ltd. Class A | 1,195,359 | 3,290 |
| 2 | Kangji Medical Holdings Ltd. | 4,062,500 | 3,281 |
| | Sunresin New Materials Co. Ltd. Class A | 312,499 | 3,276 |
| | Wuxi Autowell Technology Co. Ltd. Class A | 75,037 | 3,274 |
| | Wuhan DR Laser Technology Corp. Ltd. Class A | 146,688 | 3,267 |
| | Heilongjiang Agriculture Co. Ltd. Class A | 1,726,271 | 3,266 |
| | Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A (XSHG) | 194,117 | 3,261 |
| | Longshine Technology Group Co. Ltd. Class A (XSHE) | 917,625 | 3,246 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A (XSSC) | 872,491 | 3,223 |
| | Hangzhou Binjiang Real Estate Group Co. Ltd. Class A | 2,617,717 | 3,214 |
| | 3peak Inc. Class A | 90,605 | 3,193 |
| | Huaxin Cement Co. Ltd. Class H | 3,686,500 | 3,183 |
| | China Green Electricity Investment of Tianjin Co. Ltd. Class A | 1,755,200 | 3,180 |
| *,2,3 | China Dili Group | 38,445,940 | 3,173 |
| * | Nanjing Tanker Corp. Class A | 4,944,900 | 3,171 |
| | Metallurgical Corp. of China Ltd. Class A (XSSC) | 8,007,833 | 3,166 |
| | Hithink RoyalFlush Information Network Co. Ltd. Class A (XSHE) | 270,828 | 3,166 |
| | Gotion High-tech Co. Ltd. Class A (XSHE) | 764,769 | 3,162 |
| | Zhongjin Gold Corp. Ltd. Class A (XSSC) | 3,094,133 | 3,161 |
| * | Spring Airlines Co. Ltd. Class A (XSSC) | 472,836 | 3,153 |
| | China Northern Rare Earth Group High-Tech Co. Ltd. Class A (XSHG) | 945,500 | 3,148 |
| | Andon Health Co. Ltd. Class A | 465,756 | 3,147 |
| | Sonoscape Medical Corp. Class A | 401,567 | 3,144 |
| | Guanghui Energy Co. Ltd. Class A (XSHG) | 2,225,403 | 3,135 |
| | Zoomlion Heavy Industry Science & Technology Co. Ltd. Class A (XSHE) | 4,269,291 | 3,134 |
| | Shanghai Jinjiang International Hotels Co. Ltd. Class A | 418,124 | 3,131 |
| | Zhejiang Weixing New Building Materials Co. Ltd. Class A (XSEC) | 1,310,729 | 3,129 |
| | SDIC Power Holdings Co. Ltd. Class A (XSHG) | 2,257,300 | 3,123 |
| | Shenzhen SED Industry Co. Ltd. Class A | 1,070,400 | 3,120 |
| 2 | Guangzhou R&F Properties Co. Ltd. Class H | 22,811,936 | 3,112 |
| | Maanshan Iron & Steel Co. Ltd. Class A (XSSC) | 8,991,992 | 3,112 |
| | CMOC Group Ltd. Class A (XSHG) | 5,460,600 | 3,108 |
| | Apeloa Pharmaceutical Co. Ltd. Class A | 1,088,221 | 3,104 |
| | Shenzhen Kangtai Biological Products Co. Ltd. Class A (XSHE) | 727,040 | 3,103 |
| | Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. Class A | 196,600 | 3,087 |
| | Yunnan Botanee Bio-Technology Group Co. Ltd. Class A (XSHE) | 157,500 | 3,087 |
| * | Amlogic Shanghai Co. Ltd. Class A | 392,642 | 3,086 |
| | Caitong Securities Co. Ltd. Class A | 3,136,565 | 3,079 |
| * | Harbin Electric Co. Ltd. Class H | 9,081,875 | 3,066 |
| | | | | | Shares | Market
Value•
($000) |
| | Sinofibers Technology Co. Ltd. Class A | 403,400 | 3,057 |
| * | Risen Energy Co. Ltd. Class A | 898,500 | 3,044 |
| | Haitong Securities Co. Ltd. Class A (XSHG) | 2,619,100 | 3,033 |
| | Jiangsu Eastern Shenghong Co. Ltd. Class A | 1,796,263 | 3,029 |
| 2 | Comba Telecom Systems Holdings Ltd. | 21,568,130 | 3,024 |
| | Huaneng Lancang River Hydropower Inc. Class A | 3,454,700 | 3,020 |
| | Hengdian Group DMEGC Magnetics Co. Ltd. Class A (XSHE) | 1,241,400 | 3,017 |
| *,1,2 | Yidu Tech Inc. | 5,913,100 | 3,001 |
| | Guangzhou Tinci Materials Technology Co. Ltd. Class A | 511,820 | 2,982 |
| * | Everdisplay Optronics Shanghai Co. Ltd. Class A | 8,176,646 | 2,982 |
| | Shengyi Technology Co. Ltd. Class A | 1,562,060 | 2,973 |
| | GRG Banking Equipment Co. Ltd. Class A | 2,300,350 | 2,970 |
| 1 | Joinn Laboratories China Co. Ltd. Class H | 916,160 | 2,970 |
| | Jiangsu Cnano Technology Co. Ltd. Class A | 226,386 | 2,966 |
| | Bank of Changsha Co. Ltd. Class A | 3,355,488 | 2,964 |
| | CMOC Group Ltd. Class A (XSSC) | 5,201,011 | 2,962 |
| | GF Securities Co. Ltd. Class H | 2,908,000 | 2,959 |
| *,1,2 | Ocumension Therapeutics | 3,205,215 | 2,954 |
| | Ovctek China Inc. Class A (XSHE) | 723,242 | 2,945 |
| | Xiamen Xiangyu Co. Ltd. Class A | 2,173,328 | 2,945 |
| | Power Construction Corp. of China Ltd. Class A (XSHG) | 3,044,102 | 2,943 |
| | BBMG Corp. Class H | 28,480,781 | 2,938 |
| | Tongkun Group Co. Ltd. Class A | 1,765,399 | 2,937 |
| | Xi'an Triangle Defense Co. Ltd. Class A | 458,339 | 2,936 |
| | Avary Holding Shenzhen Co. Ltd. Class A (XSHE) | 718,384 | 2,935 |
| | Eastroc Beverage Group Co. Ltd. Class A | 137,951 | 2,932 |
| | JCET Group Co. Ltd. Class A (XSHG) | 885,051 | 2,924 |
| | Changjiang Securities Co. Ltd. Class A (XSHE) | 4,061,524 | 2,908 |
| | Qingdao Haier Biomedical Co. Ltd. Class A | 274,959 | 2,907 |
| | Hithink RoyalFlush Information Network Co. Ltd. Class A | 248,559 | 2,906 |
| | Beijing Shiji Information Technology Co. Ltd. Class A (XSHE) | 1,672,286 | 2,904 |
| | Jiangsu Dingsheng New Energy Materials Co. Ltd. Class A | 431,300 | 2,899 |
| | Youngor Group Co. Ltd. Class A | 3,513,572 | 2,881 |
| | AVIC Industry-Finance Holdings Co. Ltd. Class A | 6,912,445 | 2,874 |
| | Levima Advanced Materials Corp. Class A | 639,500 | 2,871 |
| | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. Class A (XSHG) | 776,605 | 2,869 |
| | Hualan Biological Engineering Inc. Class A (XSHE) | 1,178,775 | 2,868 |
| | Guangdong HEC Technology Holding Co. Ltd. Class A (XSHG) | 2,244,191 | 2,862 |
| | Shanxi Taigang Stainless Steel Co. Ltd. Class A | 5,254,700 | 2,855 |
| * | Dada Nexus Ltd. ADR | 922,324 | 2,850 |
| | Nanjing Securities Co. Ltd. Class A | 2,619,750 | 2,849 |
| | Zhejiang Sanhua Intelligent Controls Co. Ltd. Class A | 976,814 | 2,846 |
| | Shenzhen Senior Technology Material Co. Ltd. Class A | 1,120,128 | 2,845 |
| 1,2 | Hope Education Group Co. Ltd. | 46,036,000 | 2,844 |
| | Shaanxi Huaqin Technology Industry Co. Ltd. Class A | 61,994 | 2,841 |
| | Consun Pharmaceutical Group Ltd. | 7,577,000 | 2,838 |
| | Ming Yang Smart Energy Group Ltd. Class A (XSHG) | 828,600 | 2,836 |
| | Sichuan Chuantou Energy Co. Ltd. Class A | 1,870,661 | 2,834 |
| | China Coal Energy Co. Ltd. Class A (XSSC) | 2,344,794 | 2,831 |
| | Tianjin Chase Sun Pharmaceutical Co. Ltd. Class A | 2,920,805 | 2,828 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Riyue Heavy Industry Co. Ltd. Class A | 930,460 | 2,823 |
| | Shanghai Rural Commercial Bank Co. Ltd. Class A | 3,874,000 | 2,820 |
| | People's Insurance Co. Group of China Ltd. Class A | 4,238,699 | 2,820 |
| | Anhui Honglu Steel Construction Group Co. Ltd. Class A | 602,299 | 2,818 |
| * | Zhejiang Zheneng Electric Power Co. Ltd. Class A (XSHG) | 6,142,762 | 2,813 |
| | Satellite Chemical Co. Ltd. Class A (XSEC) | 1,650,688 | 2,808 |
| | Aisino Corp. Class A | 1,818,119 | 2,807 |
| | Sinocare Inc. Class A | 543,300 | 2,799 |
| | Tongling Nonferrous Metals Group Co. Ltd. Class A (XSHE) | 8,082,400 | 2,798 |
| * | I-Mab ADR | 754,085 | 2,798 |
| | GCL Energy Technology Co. Ltd. | 1,499,000 | 2,797 |
| | New China Life Insurance Co. Ltd. Class A (XSHG) | 869,000 | 2,795 |
| | Ecovacs Robotics Co. Ltd. Class A (XSHG) | 347,387 | 2,787 |
| *,2 | Zhuguang Holdings Group Co. Ltd. | 34,095,000 | 2,784 |
| | Rongsheng Petrochemical Co. Ltd. Class A (XSHE) | 1,892,544 | 2,781 |
| * | Tibet Mineral Development Co. Class A | 522,300 | 2,774 |
| * | Seazen Holdings Co. Ltd. Class A (XSHG) | 1,532,273 | 2,774 |
| * | New Hope Liuhe Co. Ltd. Class A | 1,562,521 | 2,770 |
| | Guangdong Hongda Holdings Group Co. Ltd. Class A | 740,258 | 2,769 |
| | Luoyang Xinqianglian Slewing Bearing Co. Ltd. Class A | 288,082 | 2,766 |
| | Raytron Technology Co. Ltd. Class A | 423,045 | 2,762 |
| | Bank of Shanghai Co. Ltd. Class A | 3,607,933 | 2,761 |
| *,2 | GOME Retail Holdings Ltd. | 169,020,708 | 2,758 |
| | Shanghai Lingang Holdings Corp. Ltd. Class A | 1,753,021 | 2,757 |
| | State Grid Yingda Co. Ltd. Class A (XSHG) | 4,170,801 | 2,754 |
| *,2 | CMGE Technology Group Ltd. | 17,572,000 | 2,754 |
| | Hengyi Petrochemical Co. Ltd. Class A | 2,988,100 | 2,748 |
| | Beijing Huafeng Test & Control Technology Co. Ltd. Class A | 75,564 | 2,745 |
| | Kingfa Sci & Tech Co. Ltd. Class A (XSHG) | 2,062,400 | 2,741 |
| | Sangfor Technologies Inc. Class A | 158,382 | 2,733 |
| | Inner Mongolia BaoTou Steel Union Co. Ltd. Class A (XSHG) | 11,321,540 | 2,732 |
| | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A (XSHE) | 3,088,732 | 2,732 |
| | Hubei Xingfa Chemicals Group Co. Ltd. Class A | 703,250 | 2,730 |
| | Shenzhen Kedali Industry Co. Ltd. Class A | 216,700 | 2,729 |
| | Zhejiang Cfmoto Power Co. Ltd. Class A | 148,000 | 2,723 |
| | Asymchem Laboratories Tianjin Co. Ltd. Class A (XSHE) | 139,406 | 2,721 |
| | Titan Wind Energy Suzhou Co. Ltd. Class A | 1,685,972 | 2,718 |
| | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A (XSHE) | 421,687 | 2,717 |
| 1,2 | Xiabuxiabu Catering Management China Holdings Co. Ltd. | 5,261,509 | 2,716 |
| | Huatai Securities Co. Ltd. Class A (XSHG) | 1,651,600 | 2,713 |
| | Huayu Automotive Systems Co. Ltd. Class A (XSHG) | 1,178,377 | 2,709 |
| | XCMG Construction Machinery Co. Ltd. Class A | 4,260,700 | 2,705 |
| | Shenzhen Energy Group Co. Ltd. Class A (XSHE) | 3,449,070 | 2,698 |
| | Shandong Himile Mechanical Science & Technology Co. Ltd. Class A | 775,957 | 2,695 |
| | Kunshan Dongwei Technology Co. Ltd. Class A | 133,051 | 2,692 |
| | Baoji Titanium Industry Co. Ltd. Class A | 467,500 | 2,690 |
| | China Film Co. Ltd. Class A | 1,840,805 | 2,689 |
| | Haitong Securities Co. Ltd. Class A (XSSC) | 2,320,517 | 2,687 |
| | Hubei Dinglong Co. Ltd. Class A | 930,908 | 2,684 |
| | | | | | Shares | Market
Value•
($000) |
| * | New Oriental Education & Technology Group Inc. | 1,145,800 | 2,683 |
| | Hunan Changyuan Lico Co. Ltd. Class A | 1,294,560 | 2,683 |
| * | China Zheshang Bank Co. Ltd. Class A | 7,086,700 | 2,681 |
| | Sichuan Hebang Biotechnology Co. Ltd. Class A | 6,765,963 | 2,678 |
| | JCET Group Co. Ltd. Class A | 810,044 | 2,676 |
| | Nantong Jianghai Capacitor Co. Ltd. Class A (XSHE) | 770,148 | 2,674 |
| | Sino-Ocean Group Holding Ltd. | 40,254,589 | 2,669 |
| | Huangshan Tourism Development Co. Ltd. Class B | 3,809,153 | 2,665 |
| | Yunnan Aluminium Co. Ltd. Class A | 2,118,152 | 2,665 |
| | Keda Industrial Group Co. Ltd. Class A (XSHG) | 1,246,500 | 2,663 |
| | Xinjiang Goldwind Science & Technology Co. Ltd. Class A (XSHE) | 1,850,726 | 2,654 |
| | China Automotive Engineering Research Institute Co. Ltd. Class A | 1,024,441 | 2,646 |
| | Autohome Inc. Class A | 395,268 | 2,643 |
| | Beijing Enlight Media Co. Ltd. Class A | 2,857,603 | 2,639 |
| | Weihai Guangwei Composites Co. Ltd. Class A (XSHE) | 248,048 | 2,639 |
| | Sinoma Science & Technology Co. Ltd. Class A (XSHE) | 1,072,739 | 2,635 |
| * | China Eastern Airlines Corp. Ltd. Class A (XSSC) | 3,992,926 | 2,633 |
| | CECEP Wind-Power Corp. Class A | 4,471,516 | 2,629 |
| | Foxconn Industrial Internet Co. Ltd. Class A (XSHG) | 2,330,600 | 2,623 |
| | Jiangsu Haili Wind Power Equipment Technology Co. Ltd. Class A | 180,760 | 2,623 |
| | Luxi Chemical Group Co. Ltd. Class A | 1,678,308 | 2,619 |
| | GoerTek Inc. Class A | 880,828 | 2,615 |
| | Thunder Software Technology Co. Ltd. Class A (XSHE) | 193,027 | 2,615 |
| * | Shandong Yulong Gold Co. Ltd. Class A | 800,400 | 2,613 |
| | Zhejiang NHU Co. Ltd. Class A | 1,062,792 | 2,609 |
| | Zhejiang Longsheng Group Co. Ltd. Class A | 2,103,550 | 2,606 |
| | Everbright Securities Co. Ltd. Class A (XSHG) | 1,350,600 | 2,606 |
| 1 | China New Higher Education Group Ltd. | 11,365,000 | 2,606 |
| *,1,2 | Redco Properties Group Ltd. | 12,241,640 | 2,604 |
| | AVICOPTER plc Class A | 431,702 | 2,602 |
| | AVIC Electromechanical Systems Co. Ltd. Class A | 1,620,145 | 2,598 |
| | Kingsemi Co. Ltd. Class A | 75,778 | 2,598 |
| | GigaDevice Semiconductor Inc. Class A (XSHG) | 229,390 | 2,593 |
| * | Sichuan Development Lomon Co. Ltd. Class A | 1,699,600 | 2,593 |
| * | Vantone Neo Development Group Co. Ltd. | 2,028,010 | 2,591 |
| | Zhejiang Chint Electrics Co. Ltd. Class A (XSHG) | 741,458 | 2,587 |
| | Kehua Data Co. Ltd. Class A | 440,300 | 2,579 |
| * | Chongqing Taiji Industry Group Co. Ltd. Class A | 574,700 | 2,578 |
| | Suplet Power Co. Ltd. Class A | 356,729 | 2,573 |
| | West China Cement Ltd. | 28,426,438 | 2,571 |
| | Winning Health Technology Group Co. Ltd. Class A | 1,933,768 | 2,571 |
| | Henan Shenhuo Coal & Power Co. Ltd. Class A (XSHE) | 1,335,500 | 2,569 |
| 1 | Red Star Macalline Group Corp. Ltd. Class H | 10,158,170 | 2,567 |
| | Guoyuan Securities Co. Ltd. Class A (XSHE) | 2,989,442 | 2,561 |
| * | Asia - Potash International Investment Guangzhou Co. Ltd. Class A | 731,750 | 2,554 |
| | Shenergy Co. Ltd. Class A (XSHG) | 3,536,068 | 2,553 |
| * | China First Heavy Industries Co. Ltd. Class A | 6,516,775 | 2,547 |
| 1 | Pharmaron Beijing Co. Ltd. Class H | 755,249 | 2,547 |
| | Hebei Hengshui Laobaigan Liquor Co. Ltd. Class A | 871,400 | 2,540 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Supor Co. Ltd. Class A | 462,619 | 2,540 |
| | Hebei Sinopack Electronic Technology Co. Ltd. Class A | 175,673 | 2,538 |
| | Shanghai Medicilon Inc. Class A | 83,512 | 2,536 |
| | China National Accord Medicines Corp. Ltd. Class B | 1,183,887 | 2,535 |
| | GEM Co. Ltd. Class A | 2,485,886 | 2,535 |
| | Dongfang Electric Corp. Ltd. Class A (XSHG) | 795,900 | 2,535 |
| * | LexinFintech Holdings Ltd. ADR | 1,863,326 | 2,534 |
| | Beijing Roborock Technology Co. Ltd. Class A | 78,397 | 2,534 |
| * | Zibo Qixiang Tengda Chemical Co. Ltd. Class A | 2,701,406 | 2,525 |
| | Micro-Tech Nanjing Co. Ltd. Class A | 186,368 | 2,524 |
| | Guolian Securities Co. Ltd. Class A | 1,966,900 | 2,522 |
| | Ningbo Xusheng Auto Technology Co. Ltd. Class A | 535,074 | 2,521 |
| | Joincare Pharmaceutical Group Industry Co. Ltd. Class A | 1,571,541 | 2,518 |
| | China Baoan Group Co. Ltd. Class A (XSHE) | 1,584,916 | 2,514 |
| *,1,2 | CStone Pharmaceuticals | 5,822,500 | 2,508 |
| | Sinolink Securities Co. Ltd. Class A | 2,313,400 | 2,507 |
| * | Xi'an Bright Laser Technologies Co. Ltd. Class A | 111,241 | 2,495 |
| *,1,2 | China Renaissance Holdings Ltd. | 3,288,200 | 2,493 |
| | Yangling Metron New Material Inc. Class A | 366,100 | 2,491 |
| | Huaxia Bank Co. Ltd. Class A (XSHG) | 3,790,591 | 2,490 |
| | Satellite Chemical Co. Ltd. Class A | 1,460,074 | 2,485 |
| | Guangdong Zhongsheng Pharmaceutical Co. Ltd. Class A | 852,417 | 2,483 |
| * | Qi An Xin Technology Group Inc. Class A | 288,086 | 2,483 |
| * | China Eastern Airlines Corp. Ltd. Class A (XSHG) | 3,761,600 | 2,481 |
| | China Merchants Securities Co. Ltd. Class A (XSHG) | 1,444,460 | 2,481 |
| * | GCL System Integration Technology Co. Ltd. Class A | 5,533,825 | 2,481 |
| | China Shineway Pharmaceutical Group Ltd. | 4,122,885 | 2,478 |
| * | Hi Sun Technology China Ltd. | 24,876,186 | 2,477 |
| | Shandong Weifang Rainbow Chemical Co. Ltd. Class A | 199,600 | 2,462 |
| | Oppein Home Group Inc. Class A | 220,397 | 2,462 |
| | Shanghai Fudan Microelectronics Group Co. Ltd. Class A | 190,956 | 2,461 |
| | China Foods Ltd. | 9,653,153 | 2,460 |
| | Shanxi Lu'an Environmental Energy Development Co. Ltd. Class A (XSHG) | 1,066,800 | 2,458 |
| | China Great Wall Securities Co. Ltd. Class A (XSHE) | 2,214,000 | 2,458 |
| | Jingjin Equipment Inc. Class A | 575,626 | 2,446 |
| * | Sinopec Oilfield Service Corp. Class A (XSHG) | 9,698,700 | 2,444 |
| * | Fangda Carbon New Material Co. Ltd. Class A | 2,963,392 | 2,443 |
| | Huaxin Cement Co. Ltd. Class A (XSSC) | 1,326,804 | 2,440 |
| | Chongqing Rural Commercial Bank Co. Ltd. Class A | 5,094,200 | 2,437 |
| | Guangdong Kinlong Hardware Products Co. Ltd. Class A | 223,750 | 2,434 |
| | SooChow Securities Co. Ltd. Class A | 2,704,898 | 2,431 |
| | Gaona Aero Material Co. Ltd. Class A (XSHE) | 331,600 | 2,431 |
| | Zhejiang China Commodities City Group Co. Ltd. Class A | 4,221,531 | 2,426 |
| | Yantai Jereh Oilfield Services Group Co. Ltd. Class A (XSHE) | 586,842 | 2,420 |
| | Shanghai Haixin Group Co. Class B | 7,814,763 | 2,419 |
| | Tofflon Science & Technology Group Co. Ltd. Class A | 622,854 | 2,416 |
| | Angel Yeast Co. Ltd. Class A (XSHG) | 484,793 | 2,411 |
| | Shanghai Wanye Enterprises Co. Ltd. Class A | 935,196 | 2,408 |
| 2 | China Kepei Education Group Ltd. | 9,782,000 | 2,405 |
| | China Pacific Insurance Group Co. Ltd. Class A (XSSC) | 920,827 | 2,404 |
| | | | | | Shares | Market
Value•
($000) |
| | Chongqing Fuling Zhacai Group Co. Ltd. Class A | 778,459 | 2,404 |
| | NavInfo Co. Ltd. Class A (XSHE) | 1,474,200 | 2,398 |
| * | Shuangliang Eco-Energy Systems Co. Ltd. Class A (XSSC) | 1,202,860 | 2,393 |
| *,3 | China Huiyuan Juice Group Ltd. | 9,298,137 | 2,393 |
| * | Huaneng Power International Inc. Class A (XSHG) | 2,599,994 | 2,390 |
| | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A (XSHE) | 535,915 | 2,389 |
| | Xingda International Holdings Ltd. | 12,233,093 | 2,370 |
| * | Sinofert Holdings Ltd. | 23,790,032 | 2,363 |
| | Qingdao Gaoce Technology Co. Ltd. Class A | 199,382 | 2,361 |
| | YTO Express Group Co. Ltd. Class A (XSHG) | 911,106 | 2,358 |
| | Changchun High & New Technology Industry Group Inc. Class A | 105,950 | 2,357 |
| | Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A (XSHE) | 849,296 | 2,354 |
| | State Grid Information & Communication Co. Ltd. | 1,141,900 | 2,346 |
| | Quectel Wireless Solutions Co. Ltd. Class A | 165,950 | 2,344 |
| * | Guangshen Railway Co. Ltd. Class H | 17,995,093 | 2,341 |
| | CNOOC Energy Technology & Services Ltd. Class A | 5,988,500 | 2,336 |
| * | Guangdong Electric Power Development Co. Ltd. Class B | 9,152,628 | 2,334 |
| | Tianfeng Securities Co. Ltd. Class A (XSHG) | 6,154,760 | 2,334 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class B | 2,808,544 | 2,330 |
| | Westone Information Industry Inc. Class A (XSHE) | 466,379 | 2,326 |
| | Industrial & Commercial Bank of China Ltd. Class A (XSHG) | 4,078,600 | 2,322 |
| | Bank of Guiyang Co. Ltd. Class A | 3,247,127 | 2,320 |
| *,1,2 | Meitu Inc. | 26,762,436 | 2,317 |
| | Shanghai Bailian Group Co. Ltd. Class B | 3,514,156 | 2,316 |
| | Anhui Jianghuai Automobile Group Corp. Ltd. Class A (XSHG) | 1,311,701 | 2,314 |
| | Jointown Pharmaceutical Group Co. Ltd. Class A | 1,340,895 | 2,312 |
| | Hangzhou Lion Electronics Co. Ltd. Class A (XSSC) | 392,873 | 2,312 |
| | Jinduicheng Molybdenum Co. Ltd. Class A (XSSC) | 2,011,640 | 2,311 |
| | Humanwell Healthcare Group Co. Ltd. Class A (XSHG) | 839,200 | 2,310 |
| | Hoshine Silicon Industry Co. Ltd. Class A (XSHG) | 176,320 | 2,309 |
| | Xinhua Winshare Publishing & Media Co. Ltd. Class A (XSHG) | 1,796,153 | 2,307 |
| | Jiangsu Yangnong Chemical Co. Ltd. Class A | 182,100 | 2,306 |
| | KBC Corp. Ltd. Class A | 68,146 | 2,306 |
| | Beijing New Building Materials plc Class A | 846,297 | 2,304 |
| | Shanghai Pret Composites Co. Ltd. Class A | 1,003,062 | 2,301 |
| * | DBAPP Security Ltd. Class A | 81,099 | 2,301 |
| * | Xinhu Zhongbao Co. Ltd. Class A (XSSC) | 6,695,254 | 2,300 |
| | Shanghai Huace Navigation Technology Ltd. Class A | 526,540 | 2,295 |
| | Dongxing Securities Co. Ltd. Class A (XSHG) | 2,151,801 | 2,294 |
| | 37 Interactive Entertainment Network Technology Group Co. Ltd. Class A (XSHE) | 1,152,267 | 2,293 |
| | Oriental Pearl Group Co. Ltd. Class A (XSHG) | 2,764,996 | 2,289 |
| | Yonghui Superstores Co. Ltd. Class A | 5,589,740 | 2,287 |
| | C&D Property Management Group Co. Ltd. | 6,127,000 | 2,287 |
| | Shui On Land Ltd. | 24,922,500 | 2,286 |
| | SPIC Industry-Finance Holdings Co. Ltd. Class A | 4,054,888 | 2,286 |
| | China Lilang Ltd. | 5,284,865 | 2,284 |
| | China Hainan Rubber Industry Group Co. Ltd. Class A | 4,107,000 | 2,278 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | IKD Co. Ltd. Class A | 876,400 | 2,277 |
| | Shinghwa Advanced Material Group Co. Ltd. Class A | 171,000 | 2,276 |
| | Suzhou Nanomicro Technology Co. Ltd. Class A | 289,463 | 2,273 |
| | CECEP Solar Energy Co. Ltd. Class A (XSHE) | 2,436,430 | 2,265 |
| 2 | CIFI Ever Sunshine Services Group Ltd. | 10,268,000 | 2,264 |
| | BBMG Corp. Class A (XSSC) | 7,076,779 | 2,263 |
| * | Roshow Technology Co. Ltd. Class A | 1,598,800 | 2,262 |
| | Beijing Shougang Co. Ltd. Class A | 4,822,961 | 2,258 |
| | Jiangxi Copper Co. Ltd. Class A | 1,066,444 | 2,254 |
| | North Industries Group Red Arrow Co. Ltd. Class A | 796,743 | 2,249 |
| | Anhui Jinhe Industrial Co. Ltd. Class A | 498,800 | 2,248 |
| * | Jolywood Suzhou Sunwatt Co. Ltd. Class A | 1,067,710 | 2,247 |
| *,2,3 | Fire Rock Holdings Ltd. | 31,479,500 | 2,246 |
| | Eastern Air Logistics Co. Ltd. Class A | 1,069,791 | 2,244 |
| | Digital China Group Co. Ltd. Class A | 611,901 | 2,243 |
| | First Capital Securities Co. Ltd. Class A | 2,937,900 | 2,241 |
| | Focus Media Information Technology Co. Ltd. Class A | 3,634,217 | 2,236 |
| | Anji Microelectronics Technology Shanghai Co. Ltd. Class A | 72,895 | 2,228 |
| *,1,2 | YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H | 4,010,164 | 2,222 |
| | GEM Co. Ltd. Class A (XSHE) | 2,179,354 | 2,222 |
| | Jafron Biomedical Co. Ltd. Class A (XSHE) | 510,690 | 2,219 |
| * | CETC Acoustic-Optic-Electronic Technology Inc. | 1,121,700 | 2,219 |
| | Shandong Hualu Hengsheng Chemical Co. Ltd. Class A | 617,400 | 2,218 |
| * | Zhejiang Narada Power Source Co. Ltd. Class A | 879,962 | 2,213 |
| | Beijing Yanjing Brewery Co. Ltd. Class A (XSHE) | 1,888,480 | 2,209 |
| | Shenzhen Fastprint Circuit Tech Co. Ltd. Class A | 1,369,800 | 2,209 |
| | Jilin Aodong Pharmaceutical Group Co. Ltd. Class A | 1,162,746 | 2,204 |
| | Zhejiang Huayou Cobalt Co. Ltd. Class A | 294,021 | 2,199 |
| | Thunder Software Technology Co. Ltd. Class A | 162,200 | 2,197 |
| | Shandong Pharmaceutical Glass Co. Ltd. Class A | 580,232 | 2,195 |
| | Lianhe Chemical Technology Co. Ltd. Class A | 853,200 | 2,193 |
| | Leader Harmonious Drive Systems Co. Ltd. Class A | 138,410 | 2,193 |
| * | Meinian Onehealth Healthcare Holdings Co. Ltd. Class A | 3,730,400 | 2,183 |
| | Hangzhou Silan Microelectronics Co. Ltd. Class A (XSHG) | 505,200 | 2,180 |
| * | HUYA Inc. ADR | 1,163,443 | 2,176 |
| | Shanghai MicroPort Endovascular MedTech Group Co. Ltd. Class A | 70,949 | 2,172 |
| | APT Medical Inc. Class A | 45,976 | 2,164 |
| | Jiangsu Azure Corp. | 1,053,150 | 2,163 |
| | Milkyway Chemical Supply Chain Service Co. Ltd. Class A | 137,000 | 2,159 |
| | Anhui Guangxin Agrochemical Co. Ltd. Class A | 530,740 | 2,158 |
| | China Coal Energy Co. Ltd. Class A (XSHG) | 1,786,300 | 2,157 |
| | Shandong Iron & Steel Co. Ltd. Class A | 10,991,608 | 2,157 |
| | XTC New Energy Materials Xiamen Co. Ltd. Class A | 181,063 | 2,153 |
| * | Kaishan Group Co. Ltd. Class A | 934,508 | 2,143 |
| | Dian Diagnostics Group Co. Ltd. Class A | 561,937 | 2,143 |
| 1,2 | Medlive Technology Co. Ltd. | 2,477,500 | 2,138 |
| | Sichuan Swellfun Co. Ltd. Class A (XSHG) | 274,775 | 2,137 |
| | Shanghai Huayi Group Co. Ltd. Class B | 3,631,343 | 2,136 |
| * | Elion Energy Co. Ltd. Class A | 3,447,450 | 2,136 |
| | | | | | Shares | Market
Value•
($000) |
| | Shanghai International Port Group Co. Ltd. Class A (XSHG) | 3,013,800 | 2,136 |
| | Shenzhen Sunlord Electronics Co. Ltd. Class A (XSHE) | 725,578 | 2,131 |
| | Beijing New Building Materials plc Class A (XSHE) | 778,200 | 2,119 |
| *,2 | Zhihu Inc. ADR | 2,141,061 | 2,118 |
| | Harbin Boshi Automation Co. Ltd. Class A | 1,008,732 | 2,115 |
| * | Bohai Leasing Co. Ltd. Class A | 7,007,000 | 2,112 |
| | ZWSOFT Co. Ltd. Guangzhou Class A | 68,321 | 2,112 |
| | Anhui Anke Biotechnology Group Co. Ltd. Class A | 1,553,449 | 2,109 |
| | Health & Happiness H&H International Holdings Ltd. | 2,235,951 | 2,108 |
| | Zhejiang HangKe Technology Inc. Co. Class A | 306,945 | 2,108 |
| | China Meheco Co. Ltd. Class A (XSHG) | 1,217,580 | 2,105 |
| *,2 | Q Technology Group Co. Ltd. | 5,321,424 | 2,101 |
| | Lizhong Sitong Light Alloys Group Co. Ltd. Class A | 549,579 | 2,101 |
| *,2,3 | China Aoyuan Group Ltd. | 18,610,071 | 2,098 |
| | China Railway Hi-tech Industry Co. Ltd. Class A | 2,058,665 | 2,095 |
| | Wencan Group Co. Ltd. Class A | 229,786 | 2,094 |
| | Shanxi Lanhua Sci-Tech Venture Co. Ltd. Class A | 1,100,500 | 2,092 |
| 2 | Tian Lun Gas Holdings Ltd. | 5,837,000 | 2,089 |
| | XCMG Construction Machinery Co. Ltd. Class A (XSHE) | 3,280,815 | 2,083 |
| *,2,3 | National Agricultural Holdings Ltd. | 13,680,292 | 2,074 |
| * | Saturday Co. Ltd. Class A | 897,804 | 2,073 |
| | China Merchants Shekou Industrial Zone Holdings Co. Ltd. Class A | 1,149,360 | 2,072 |
| | Sailun Group Co. Ltd. Class A (XSHG) | 1,737,560 | 2,070 |
| | Founder Securities Co. Ltd. Class A (XSHG) | 2,383,190 | 2,070 |
| | Eyebright Medical Technology Beijing Co. Ltd. Class A | 74,820 | 2,067 |
| * | Guangdong Create Century Intelligent Equipment Group Corp. Ltd. | 1,448,300 | 2,065 |
| | Taiji Computer Corp. Ltd. Class A | 556,906 | 2,064 |
| | JNBY Design Ltd. | 2,616,500 | 2,061 |
| | Jiangsu Provincial Agricultural Reclamation & Development Corp. | 1,191,892 | 2,061 |
| | Ningbo Tuopu Group Co. Ltd. Class A (XSHG) | 231,855 | 2,060 |
| | SDIC Capital Co. Ltd. Class A | 2,601,024 | 2,057 |
| *,1,2 | Maoyan Entertainment | 3,526,400 | 2,057 |
| | Hangzhou Robam Appliances Co. Ltd. Class A (XSHE) | 731,804 | 2,057 |
| * | Shanghai Milkground Food Tech Co. Ltd. Class A | 535,843 | 2,057 |
| * | Antong Holdings Co. Ltd. Class A | 4,305,231 | 2,055 |
| | Guangdong Fenghua Advanced Technology Holding Co. Ltd. Class A | 1,091,595 | 2,055 |
| | Yunnan Copper Co. Ltd. Class A | 1,359,300 | 2,053 |
| | Jiangsu Xinquan Automotive Trim Co. Ltd. Class A | 406,600 | 2,052 |
| * | Jiangsu Hoperun Software Co. Ltd. Class A | 760,746 | 2,049 |
| | Shanghai Hanbell Precise Machinery Co. Ltd. Class A | 560,880 | 2,048 |
| | Hubei Energy Group Co. Ltd. Class A (XSHE) | 3,564,555 | 2,047 |
| | Great Wall Motor Co. Ltd. Class A | 511,738 | 2,046 |
| * | DouYu International Holdings Ltd. ADR | 2,041,762 | 2,042 |
| | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A | 744,387 | 2,040 |
| | Shanxi Coking Coal Energy Group Co. Ltd. Class A | 1,304,920 | 2,034 |
| | Huizhou Desay Sv Automotive Co. Ltd. Class A | 142,900 | 2,030 |
| | Beijing Balance Medical Technology Co. Ltd. Class A | 109,036 | 2,027 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhuzhou Hongda Electronics Corp. Ltd. Class A (XSHE) | 332,126 | 2,019 |
| | Beijing Tongtech Co. Ltd. Class A | 559,680 | 2,018 |
| * | Ningbo Joyson Electronic Corp. Class A (XSHG) | 955,826 | 2,011 |
| | China XD Electric Co. Ltd. Class A (XSSC) | 3,385,707 | 2,011 |
| 3 | Nuode New Materials Co. Ltd. Class A | 1,516,200 | 2,008 |
| | Beijing Bei Mo Gao Ke Friction Material Co. Ltd. Class A | 281,658 | 2,008 |
| | Zhuhai Huafa Properties Co. Ltd. Class A | 1,712,126 | 2,007 |
| | Xianhe Co. Ltd. Class A | 601,745 | 2,007 |
| | WUS Printed Circuit Kunshan Co. Ltd. Class A (XSHE) | 1,344,614 | 2,004 |
| | Shijiazhuang Yiling Pharmaceutical Co. Ltd. Class A (XSHE) | 480,685 | 2,003 |
| | Guosen Securities Co. Ltd. Class A | 1,690,321 | 2,001 |
| | Sichuan Yahua Industrial Group Co. Ltd. Class A (XSHE) | 545,100 | 2,001 |
| | COFCO Biotechnology Co. Ltd. Class A | 1,807,600 | 1,998 |
| | China Merchants Expressway Network & Technology Holdings Co. Ltd. Class A | 1,918,830 | 1,994 |
| | Southwest Securities Co. Ltd. Class A | 3,922,781 | 1,992 |
| | Beijing Jingyuntong Technology Co. Ltd. Class A | 2,014,403 | 1,991 |
| | Chengdu Xingrong Environment Co. Ltd. Class A | 3,004,200 | 1,986 |
| | Guangzhou Great Power Energy & Technology Co. Ltd. Class A (XSHE) | 229,000 | 1,982 |
| | Inner Mongolia Dian Tou Energy Corp. Ltd. Class A | 1,168,509 | 1,980 |
| | Beijing Sinnet Technology Co. Ltd. Class A | 1,664,946 | 1,978 |
| | Wuxi NCE Power Co. Ltd. Class A | 177,184 | 1,975 |
| | China Tungsten & Hightech Materials Co. Ltd. Class A | 997,660 | 1,971 |
| 2 | Beijing Chunlizhengda Medical Instruments Co. Ltd. Class H | 1,281,750 | 1,968 |
| | Oriental Energy Co. Ltd. Class A | 1,745,621 | 1,968 |
| | Fujian Sunner Development Co. Ltd. Class A (XSHE) | 652,847 | 1,965 |
| * | China Railway Materials Co. Ltd. Class A | 5,596,500 | 1,963 |
| | Jinneng Holding Shanxi Coal Industry Co. Ltd. Class A (XSHG) | 1,061,535 | 1,959 |
| | China Kings Resources Group Co. Ltd. Class A | 311,282 | 1,959 |
| *,2 | China High Speed Transmission Equipment Group Co. Ltd. | 4,814,934 | 1,957 |
| | Liaoning Cheng Da Co. Ltd. Class A (XSSC) | 1,157,220 | 1,953 |
| | Qingdao TGOOD Electric Co. Ltd. Class A | 947,216 | 1,948 |
| | Shandong Denghai Seeds Co. Ltd. Class A (XSHE) | 683,618 | 1,948 |
| | Shenzhen Airport Co. Ltd. Class A | 2,247,484 | 1,946 |
| | Hesteel Co. Ltd. Class A | 6,546,383 | 1,945 |
| 1,2 | Midea Real Estate Holding Ltd. | 2,775,600 | 1,940 |
| | Zhongtai Securities Co. Ltd. Class A | 2,215,700 | 1,936 |
| | Shenghe Resources Holding Co. Ltd. Class A (XSHG) | 1,051,830 | 1,933 |
| | China National Gold Group Gold Jewellery Co. Ltd. Class A | 1,327,400 | 1,928 |
| | Orient Securities Co. Ltd. Class A (XSHG) | 1,806,104 | 1,926 |
| * | China Grand Automotive Services Group Co. Ltd. Class A (XSSC) | 6,816,940 | 1,925 |
| | Wuchan Zhongda Group Co. Ltd. Class A | 3,360,100 | 1,922 |
| * | Flat Glass Group Co. Ltd. Class A | 408,700 | 1,921 |
| | Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A | 5,071,155 | 1,920 |
| * | Rising Nonferrous Metals Share Co. Ltd. Class A | 322,720 | 1,913 |
| | Sunflower Pharmaceutical Group Co. Ltd. Class A | 604,108 | 1,913 |
| | China Resources Boya Bio-pharmaceutical Group Co. Ltd. Class A | 464,100 | 1,912 |
| | | | | | Shares | Market
Value•
($000) |
| * | Industrial Securities Co. Ltd. Class A (XSHG) | 2,552,147 | 1,912 |
| * | Shanghai Aerospace Automobile Electromechanical Co. Ltd. Class A | 1,444,129 | 1,911 |
| | Zhongjin Gold Corp. Ltd. Class A (XSHG) | 1,866,050 | 1,906 |
| | Western Securities Co. Ltd. Class A (XSHE) | 2,321,451 | 1,902 |
| | China Railway Construction Heavy Industry Corp. Ltd. Class A | 3,550,329 | 1,902 |
| * | Wanda Film Holding Co. Ltd. Class A (XSEC) | 1,373,150 | 1,900 |
| | Offshore Oil Engineering Co. Ltd. Class A | 2,941,170 | 1,894 |
| | Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A | 923,910 | 1,894 |
| * | Guocheng Mining Co. Ltd. Class A | 870,800 | 1,891 |
| | East Group Co. Ltd. Class A | 1,984,000 | 1,890 |
| | Jiangsu King's Luck Brewery JSC Ltd. Class A (XSHG) | 368,662 | 1,890 |
| * | IRICO Display Devices Co. Ltd. Class A | 3,444,901 | 1,883 |
| * | Beiqi Foton Motor Co. Ltd. Class A (XSHG) | 5,405,876 | 1,882 |
| | Neusoft Corp. Class A | 1,243,366 | 1,882 |
| * | Spring Airlines Co. Ltd. Class A (XSHG) | 282,200 | 1,882 |
| | Jiangsu Jiejie Microelectronics Co. Ltd. Class A | 739,641 | 1,882 |
| * | KWG Group Holdings Ltd. | 19,386,297 | 1,876 |
| | INESA Intelligent Tech Inc. Class B | 4,064,822 | 1,873 |
| | Porton Pharma Solutions Ltd. Class A (XSEC) | 321,250 | 1,873 |
| | Sinoma International Engineering Co. Class A | 1,595,522 | 1,872 |
| | Henan Mingtai Al Industrial Co. Ltd. Class A | 949,276 | 1,872 |
| | Shanxi Securities Co. Ltd. Class A (XSHE) | 2,641,910 | 1,870 |
| | Shanghai Flyco Electrical Appliance Co. Ltd. Class A | 171,600 | 1,869 |
| | Yunnan Chihong Zinc&Germanium Co. Ltd. Class A (XSHG) | 2,851,638 | 1,867 |
| | Yixintang Pharmaceutical Group Co. Ltd. Class A | 490,554 | 1,867 |
| | Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd. Class A | 1,183,731 | 1,865 |
| | Zhejiang Huahai Pharmaceutical Co. Ltd. Class A (XSHG) | 679,970 | 1,864 |
| * | STO Express Co. Ltd. Class A (XSHE) | 1,212,376 | 1,864 |
| | Wangfujing Group Co. Ltd. Class A (XSHG) | 672,251 | 1,862 |
| 1,2 | China East Education Holdings Ltd. | 5,908,000 | 1,861 |
| 2 | Central China Securities Co. Ltd. Class H | 15,354,000 | 1,858 |
| | Chacha Food Co. Ltd. Class A | 305,721 | 1,856 |
| | CETC Potevio Science & Technology Co. Ltd. Class A | 638,200 | 1,851 |
| | Xi'An Shaangu Power Co. Ltd. Class A (XSSC) | 1,038,126 | 1,851 |
| | Wolong Electric Group Co. Ltd. Class A | 1,084,833 | 1,850 |
| * | Jiangsu Akcome Science & Technology Co. Ltd. Class A | 4,404,621 | 1,850 |
| | China Enterprise Co. Ltd. Class A (XSHG) | 5,568,635 | 1,844 |
| | PharmaBlock Sciences Nanjing Inc. Class A (XSHE) | 152,414 | 1,840 |
| | Shandong Sun Paper Industry JSC Ltd. Class A (XSHE) | 1,277,100 | 1,839 |
| | Perfect World Co. Ltd. Class A | 1,178,410 | 1,838 |
| * | Shanghai Electric Power Co. Ltd. Class A | 1,459,223 | 1,838 |
| | Haisco Pharmaceutical Group Co. Ltd. Class A | 598,264 | 1,838 |
| | Jiangsu Broadcasting Cable Information Network Corp. Ltd. Class A | 4,690,850 | 1,836 |
| * | Siasun Robot & Automation Co. Ltd. Class A | 1,499,651 | 1,833 |
| | Huaxi Securities Co. Ltd. Class A (XSHE) | 1,816,000 | 1,831 |
| | Goke Microelectronics Co. Ltd. Class A | 176,849 | 1,831 |
| | Huafon Chemical Co. Ltd. Class A (XSHE) | 1,999,101 | 1,827 |
| * | Hang Zhou Great Star Industrial Co. Ltd. Class A (XSHE) | 692,700 | 1,827 |
| | Shenzhen Desay Battery Technology Co. Class A (XSHE) | 267,380 | 1,825 |
| | Henan Shuanghui Investment & Development Co. Ltd. Class A | 582,809 | 1,820 |
| | Shenzhen Topband Co. Ltd. Class A | 1,179,400 | 1,820 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Tianneng Battery Group Co. Ltd. Class A | 324,087 | 1,820 |
| *,2 | Ausnutria Dairy Corp. Ltd. | 3,861,000 | 1,818 |
| *,2 | Shandong Hi-Speed New Energy Group Ltd. | 268,597,198 | 1,814 |
| | Infore Environment Technology Group Co. Ltd. Class A (XSHE) | 2,836,726 | 1,814 |
| | Yunda Holding Co. Ltd. Class A (XSHE) | 998,503 | 1,808 |
| | TCL Technology Group Corp. Class A | 3,365,000 | 1,807 |
| * | Anhui Golden Seed Winery Co. Ltd. Class A | 659,801 | 1,807 |
| | Humanwell Healthcare Group Co. Ltd. Class A | 656,207 | 1,807 |
| | Sichuan Expressway Co. Ltd. Class H | 8,745,276 | 1,806 |
| | Electric Connector Technology Co. Ltd. Class A | 358,005 | 1,806 |
| | Chengtun Mining Group Co. Ltd. Class A | 2,370,362 | 1,805 |
| | Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. Class A | 482,625 | 1,797 |
| | Shandong Linglong Tyre Co. Ltd. Class A | 798,791 | 1,796 |
| * | FIH Mobile Ltd. | 21,996,000 | 1,794 |
| *,1,2 | Ascletis Pharma Inc. | 6,103,000 | 1,794 |
| | Weihai Guangwei Composites Co. Ltd. Class A | 168,500 | 1,793 |
| | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A (XSHG) | 802,256 | 1,792 |
| *,1,2 | Shimao Services Holdings Ltd. | 11,145,000 | 1,790 |
| | Zhefu Holding Group Co. Ltd. Class A | 3,328,400 | 1,788 |
| | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSHG) | 1,991,001 | 1,787 |
| | China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A (XSHE) | 2,258,900 | 1,786 |
| | Intco Medical Technology Co. Ltd. Class A | 609,870 | 1,780 |
| | Daan Gene Co. Ltd. Class A (XSHE) | 726,179 | 1,776 |
| | Sineng Electric Co. Ltd. Class A | 202,500 | 1,776 |
| | Sinochem International Corp. Class A (XSSC) | 1,871,806 | 1,775 |
| | Hangzhou Iron & Steel Co. Class A | 3,220,086 | 1,775 |
| | CNSIG Inner Mongolia Chemical Industry Co. Ltd. | 952,045 | 1,772 |
| | Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A | 1,043,125 | 1,770 |
| | Guangdong Xinbao Electrical Appliances Holdings Co. Ltd. Class A | 804,713 | 1,765 |
| | Lier Chemical Co. Ltd. Class A | 706,221 | 1,764 |
| | Asymchem Laboratories Tianjin Co. Ltd. Class A | 90,199 | 1,761 |
| | DHC Software Co. Ltd. Class A (XSHE) | 2,080,100 | 1,761 |
| | Guangxi Guiguan Electric Power Co. Ltd. Class A | 2,050,466 | 1,760 |
| | DaShenLin Pharmaceutical Group Co. Ltd. Class A | 352,496 | 1,757 |
| *,2 | EHang Holdings Ltd. ADR | 468,060 | 1,755 |
| | China National Medicines Corp. Ltd. Class A | 488,252 | 1,754 |
| | Hunan Valin Steel Co. Ltd. Class A | 3,195,400 | 1,753 |
| | Tianma Microelectronics Co. Ltd. Class A (XSHE) | 1,438,805 | 1,745 |
| | Zhejiang Yongtai Technology Co. Ltd. Class A (XSHE) | 580,426 | 1,742 |
| | Bank of Chengdu Co. Ltd. Class A (XSHG) | 930,600 | 1,739 |
| | Jason Furniture Hangzhou Co. Ltd. Class A (XSHG) | 419,013 | 1,738 |
| 1,2 | Shanghai Haohai Biological Technology Co. Ltd. Class H | 518,100 | 1,737 |
| | Henan Liliang Diamond Co. Ltd. Class A | 104,200 | 1,737 |
| | Glarun Technology Co. Ltd. Class A | 871,649 | 1,736 |
| | Chinalin Securities Co. Ltd. Class A | 924,427 | 1,734 |
| | Hangcha Group Co. Ltd. Class A | 769,580 | 1,734 |
| | SooChow Securities Co. Ltd. Class A (XSHG) | 1,928,121 | 1,733 |
| * | Greenland Holdings Corp. Ltd. Class A (XSHG) | 4,809,744 | 1,732 |
| | Nanjing Iron & Steel Co. Ltd. Class A | 4,130,700 | 1,729 |
| * | Guangdong Electric Power Development Co. Ltd. Class A | 2,888,500 | 1,728 |
| | Zhejiang Hailiang Co. Ltd. Class A (XSHE) | 1,087,716 | 1,728 |
| | | | | | Shares | Market
Value•
($000) |
| | Qingdao Sentury Tire Co. Ltd. Class A | 485,500 | 1,728 |
| * | Farasis Energy Gan Zhou Co. Ltd. Class A | 506,551 | 1,727 |
| | Tian Di Science & Technology Co. Ltd. Class A | 2,566,939 | 1,726 |
| | Shanghai Zhonggu Logistics Co. Ltd. Class A | 940,400 | 1,724 |
| | Laobaixing Pharmacy Chain JSC Class A | 356,932 | 1,721 |
| | Eastern Communications Co. Ltd. Class A (XSSC) | 1,312,062 | 1,719 |
| | Anhui Yingjia Distillery Co. Ltd. Class A | 265,743 | 1,718 |
| | Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSSC) | 3,487,528 | 1,714 |
| | China Energy Engineering Corp. Ltd. Class H | 17,041,259 | 1,714 |
| * | Shenzhen Hymson Laser Intelligent Equipments Co. Ltd. Class A | 165,875 | 1,714 |
| | Zhejiang Weiming Environment Protection Co. Ltd. Class A (XSSC) | 661,179 | 1,713 |
| | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. Class A | 382,600 | 1,706 |
| * | Hunan Corun New Energy Co. Ltd. Class A | 1,484,230 | 1,706 |
| | B-Soft Co. Ltd. Class A | 1,485,966 | 1,706 |
| | Do-Fluoride New Materials Co. Ltd. Class A (XSHE) | 398,450 | 1,704 |
| 1,2 | Sunac Services Holdings Ltd. | 9,683,903 | 1,704 |
| | Hangjin Technology Co. Ltd. Class A | 424,000 | 1,702 |
| | Red Avenue New Materials Group Co. Ltd. Class A (XSHG) | 345,100 | 1,702 |
| | Shaanxi International Trust Co. Ltd. Class A | 4,298,980 | 1,696 |
| | Shenzhen Yinghe Technology Co. Ltd. Class A | 620,560 | 1,695 |
| | Jiangsu Nata Opto-electronic Material Co. Ltd. Class A | 377,780 | 1,694 |
| | Shenzhen Hopewind Electric Co. Ltd. Class A | 427,900 | 1,691 |
| | Yintai Gold Co. Ltd. Class A | 857,780 | 1,689 |
| | Shan Xi Hua Yang Group New Energy Co. Ltd. Class A (XSHG) | 729,300 | 1,689 |
| | Sanquan Food Co. Ltd. Class A | 873,620 | 1,685 |
| | Westone Information Industry Inc. Class A | 337,394 | 1,683 |
| * | Hubei Yihua Chemical Industry Co. Ltd. Class A | 867,400 | 1,678 |
| | Yunnan Tin Co. Ltd. Class A | 1,073,299 | 1,677 |
| | Shanghai Yuyuan Tourist Mart Group Co. Ltd. | 1,943,285 | 1,672 |
| | Tangshan Jidong Cement Co. Ltd. Class A | 1,605,300 | 1,672 |
| | Guangdong Jia Yuan Technology Shares Co. Ltd. Class A | 234,325 | 1,672 |
| * | Lecron Industrial Development Group Co. Ltd. Class A | 1,128,300 | 1,670 |
| | Ningbo Sanxing Medical Electric Co. Ltd. Class A | 882,336 | 1,666 |
| * | TongFu Microelectronics Co. Ltd. Class A (XSHE) | 644,588 | 1,664 |
| | CNHTC Jinan Truck Co. Ltd. Class A | 1,070,339 | 1,663 |
| | Beijing Originwater Technology Co. Ltd. Class A | 2,574,399 | 1,662 |
| | Zhejiang Chint Electrics Co. Ltd. Class A | 476,188 | 1,661 |
| | Shanghai Huafon Aluminium Corp. Class A | 830,700 | 1,660 |
| | Shanxi Coking Co. Ltd. Class A | 2,255,474 | 1,659 |
| | JA Solar Technology Co. Ltd. Class A | 193,060 | 1,658 |
| | Chengdu Kanghua Biological Products Co. Ltd. Class A | 118,050 | 1,657 |
| | Pingdingshan Tianan Coal Mining Co. Ltd. Class A | 1,092,253 | 1,654 |
| | ENN Natural Gas Co. Ltd. Class A (XSHG) | 776,269 | 1,654 |
| | Ningbo Boway Alloy Material Co. Ltd. Class A | 744,770 | 1,653 |
| | CPMC Holdings Ltd. | 3,405,319 | 1,650 |
| | Wasu Media Holding Co. Ltd. Class A | 1,757,500 | 1,650 |
| | Sai Micro Electronics Inc. Class A | 693,440 | 1,648 |
| * | Jinlei Technology Co. Ltd. | 253,900 | 1,648 |
| * | Lifan Technology Group Co. Ltd. Class A | 2,815,200 | 1,641 |
| | China Tianying Inc. Class A | 2,471,620 | 1,635 |
| * | Niu Technologies ADR | 623,168 | 1,633 |
| | Unisplendour Corp. Ltd. Class A (XSHE) | 693,297 | 1,631 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhuzhou Kibing Group Co. Ltd. Class A | 1,513,014 | 1,630 |
| | Jiangsu ToLand Alloy Co. Ltd. Class A | 219,500 | 1,630 |
| | China Jushi Co. Ltd. Class A (XSHG) | 1,014,839 | 1,629 |
| * | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A (XSHE) | 4,554,460 | 1,626 |
| | Shanghai Fullhan Microelectronics Co. Ltd. Class A | 228,782 | 1,626 |
| * | Sinomach Heavy Equipment Group Co. Ltd. Class A | 3,903,600 | 1,626 |
| * | China Express Airlines Co. Ltd. Class A | 1,118,500 | 1,624 |
| | Fujian Funeng Co. Ltd. Class A (XSHG) | 1,105,261 | 1,623 |
| | Fiberhome Telecommunication Technologies Co. Ltd. Class A | 856,438 | 1,621 |
| | Bafang Electric Suzhou Co. Ltd. Class A | 101,489 | 1,621 |
| | Anhui Jiangnan Chemical Industry Co. Ltd. Class A | 2,445,840 | 1,617 |
| | China South Publishing & Media Group Co. Ltd. Class A | 1,234,249 | 1,614 |
| | Sichuan Road & Bridge Group Co. Ltd. Class A (XSHG) | 1,041,337 | 1,610 |
| | Hongta Securities Co. Ltd. Class A | 1,638,780 | 1,609 |
| | China South City Holdings Ltd. | 33,621,258 | 1,605 |
| | Shennan Circuits Co. Ltd. Class A | 155,817 | 1,605 |
| | Tianjin Pharmaceutical Da Re Tang Group Corp. Ltd. Class A | 422,329 | 1,603 |
| | Suzhou Oriental Semiconductor Co. Ltd. Class A | 41,187 | 1,602 |
| | Nanjing Yunhai Special Metals Co. Ltd. Class A | 616,934 | 1,601 |
| | Tianshan Aluminum Group Co. Ltd. Class A | 1,863,065 | 1,596 |
| * | Tianqi Lithium Corp. Class A (XSEC) | 122,153 | 1,595 |
| * | TongFu Microelectronics Co. Ltd. Class A | 617,991 | 1,595 |
| | Western Mining Co. Ltd. Class A (XSHG) | 1,223,700 | 1,595 |
| | TDG Holdings Co. Ltd. Class A | 940,100 | 1,593 |
| | Guangdong Lyric Robot Automation Co. Ltd. Class A | 62,110 | 1,593 |
| | Tonghua Dongbao Pharmaceutical Co. Ltd. Class A (XSSC) | 1,314,348 | 1,592 |
| | Jiangyin Hengrun Heavy Industries Co. Ltd. Class A | 426,010 | 1,589 |
| | Chengdu CORPRO Technology Co. Ltd. Class A | 390,400 | 1,588 |
| * | Shanghai DZH Ltd. Class A | 1,945,300 | 1,588 |
| | Caida Securities Co. Ltd. Class A | 1,598,300 | 1,583 |
| | Wuxi Paike New Materials Technology Co. Ltd. Class A | 70,300 | 1,583 |
| | Shenzhen YUTO Packaging Technology Co. Ltd. Class A | 354,360 | 1,582 |
| | OPT Machine Vision Tech Co. Ltd. Class A | 86,420 | 1,582 |
| | Zoomlion Heavy Industry Science & Technology Co. Ltd. Class A (XSEC) | 2,152,700 | 1,580 |
| * | Sanwei Holding Group Co. Ltd. Class A | 693,030 | 1,576 |
| | Henan Shenhuo Coal & Power Co. Ltd. Class A | 818,700 | 1,575 |
| * | CHN Energy Changyuan Electric Power Co. Ltd. Class A | 2,599,294 | 1,574 |
| * | Kingnet Network Co. Ltd. Class A | 1,947,732 | 1,572 |
| | Cathay Biotech Inc. Class A | 178,529 | 1,571 |
| | Hangzhou Dptech Technologies Co. Ltd. Class A | 676,947 | 1,570 |
| | Pingdingshan Tianan Coal Mining Co. Ltd. Class A (XSHG) | 1,035,882 | 1,569 |
| | TangShan Port Group Co. Ltd. Class A | 4,553,335 | 1,568 |
| | Jiangsu Lopal Tech Co. Ltd. Class A (XSHG) | 412,501 | 1,566 |
| | Sichuan Expressway Co. Ltd. Class A (XSSC) | 3,088,510 | 1,565 |
| *,1,2 | China Yuhua Education Corp. Ltd. | 14,221,676 | 1,559 |
| | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A (XSHG) | 288,300 | 1,555 |
| | Guangdong Golden Dragon Development Inc. Class A (XSHE) | 892,900 | 1,554 |
| | | | | | Shares | Market
Value•
($000) |
| | Shanghai Yuyuan Tourist Mart Group Co. Ltd. (XSHG) | 1,806,254 | 1,554 |
| | Fibocom Wireless Inc. Class A | 604,455 | 1,554 |
| | Metallurgical Corp. of China Ltd. Class A (XSHG) | 3,920,400 | 1,550 |
| | Yantai Tayho Advanced Materials Co. Ltd. Class A | 668,261 | 1,546 |
| | Arctech Solar Holding Co. Ltd. Class A | 109,549 | 1,545 |
| | Guangzhou Wondfo Biotech Co. Ltd. Class A | 372,118 | 1,539 |
| * | Bank of Zhengzhou Co. Ltd. Class A | 4,923,958 | 1,538 |
| | Zhejiang Dingli Machinery Co. Ltd. Class A | 249,400 | 1,538 |
| | Anhui Huaheng Biotechnology Co. Ltd. Class A | 78,469 | 1,538 |
| | ORG Technology Co. Ltd. Class A | 2,362,407 | 1,536 |
| | Will Semiconductor Co. Ltd. Shanghai Class A | 152,325 | 1,535 |
| | BTG Hotels Group Co. Ltd. Class A | 514,100 | 1,532 |
| | Xiamen Amoytop Biotech Co. Ltd. Class A | 282,218 | 1,529 |
| | Xinyangfeng Agricultural Technology Co. Ltd. Class A (XSHE) | 1,008,156 | 1,526 |
| | CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A (XSHE) | 1,664,745 | 1,526 |
| *,2 | Youdao Inc. ADR | 449,765 | 1,525 |
| | HLA Group Corp. Ltd. (XSSC) | 2,598,579 | 1,524 |
| | CETC Digital Technology Co. Ltd. Class A | 526,968 | 1,524 |
| | Ecovacs Robotics Co. Ltd. Class A | 189,700 | 1,523 |
| | Haier Smart Home Co. Ltd. Class A (XSHG) | 532,200 | 1,519 |
| * | Beijing Dabeinong Technology Group Co. Ltd. Class A | 1,206,300 | 1,517 |
| | Sino Biological Inc. Class A | 110,770 | 1,516 |
| | Hefei Meiya Optoelectronic Technology Inc. Class A (XSHE) | 465,465 | 1,515 |
| * | Tuya Inc. ADR | 1,693,554 | 1,513 |
| | China Resources Double Crane Pharmaceutical Co. Ltd. Class A (XSHG) | 613,542 | 1,511 |
| | Dong-E-E-Jiao Co. Ltd. Class A (XSHE) | 293,067 | 1,508 |
| | China CITIC Bank Corp. Ltd. Class A (XSHG) | 2,539,850 | 1,508 |
| | Shenzhen Kaifa Technology Co. Ltd. Class A (XSHE) | 958,400 | 1,503 |
| 2 | First Tractor Co. Ltd. Class H | 3,729,706 | 1,500 |
| * | JS Corrugating Machinery Co. Ltd. Class A | 532,900 | 1,500 |
| | China Fangda Group Co. Ltd. Class B | 5,436,112 | 1,496 |
| | Victory Giant Technology Huizhou Co. Ltd. Class A | 812,000 | 1,496 |
| * | GuangYuYuan Chinese Herbal Medicine Co. Ltd. Class A | 417,840 | 1,491 |
| | Zhejiang Construction Investment Group Co. Ltd. Class A | 545,100 | 1,491 |
| | BTG Hotels Group Co. Ltd. Class A (XSHG) | 499,726 | 1,489 |
| | Hunan Zhongke Electric Co. Ltd. Class A (XSHE) | 561,600 | 1,488 |
| | Bluefocus Intelligent Communications Group Co. Ltd. Class A | 2,294,419 | 1,483 |
| | C&S Paper Co. Ltd. Class A (XSHE) | 1,152,090 | 1,481 |
| * | Beijing Jingneng Power Co. Ltd. Class A (XSSC) | 3,443,903 | 1,480 |
| | BOC International China Co. Ltd. Class A | 1,019,327 | 1,478 |
| | Shandong WIT Dyne Health Co. Ltd. Class A | 227,050 | 1,476 |
| | Yusys Technologies Co. Ltd. Class A | 618,780 | 1,476 |
| | Chongqing Fuling Electric Power Industrial Co. Ltd. Class A | 871,536 | 1,476 |
| | G-bits Network Technology Xiamen Co. Ltd. Class A (XSHG) | 42,200 | 1,475 |
| *,1,2 | Viva Biotech Holdings | 9,715,500 | 1,472 |
| | Bank of Chongqing Co. Ltd. Class A | 1,626,217 | 1,471 |
| | Beijing Gehua CATV Network Co. Ltd. Class A | 1,339,400 | 1,470 |
| | Shanghai Datun Energy Resources Co. Ltd. Class A | 745,100 | 1,469 |
| * | Shandong Sinobioway Biomedicine Co. Ltd. Class A | 631,460 | 1,469 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Biem.L.Fdlkk Garment Co. Ltd. Class A | 489,664 | 1,469 |
| * | Great Chinasoft Technology Co. Ltd. Class A | 941,500 | 1,465 |
| * | Ningbo Jifeng Auto Parts Co. Ltd. Class A | 923,600 | 1,465 |
| * | Focused Photonics Hangzhou Inc. Class A | 276,196 | 1,463 |
| | Hunan Valin Steel Co. Ltd. Class A (XSHE) | 2,658,600 | 1,458 |
| | Suzhou Good-Ark Electronics Co. Ltd. Class A | 837,100 | 1,458 |
| | Shanghai Industrial Urban Development Group Ltd. | 25,690,162 | 1,455 |
| | Yunnan Aluminium Co. Ltd. Class A (XSHE) | 1,157,000 | 1,455 |
| | Jiangsu Yangnong Chemical Co. Ltd. Class A (XSHG) | 114,900 | 1,455 |
| * | Zhongtian Financial Group Co. Ltd. Class A | 7,563,775 | 1,452 |
| | Shanghai Zhenhua Heavy Industries Co. Ltd. Class A | 3,305,740 | 1,451 |
| | Shanghai Foreign Service Holding Group Co. Ltd. (XSHG) | 2,151,600 | 1,451 |
| | Sinopec Shanghai Petrochemical Co. Ltd. Class A | 3,447,940 | 1,449 |
| | Universal Scientific Industrial Shanghai Co. Ltd. Class A | 606,052 | 1,449 |
| | SDIC Capital Co. Ltd. Class A (XSHG) | 1,831,904 | 1,449 |
| * | Keshun Waterproof Technologies Co. Ltd. Class A | 1,101,860 | 1,447 |
| | Shandong Hi-Speed Road & Bridge Co. Ltd. Class A | 1,506,900 | 1,447 |
| | Daan Gene Co. Ltd. Class A | 591,344 | 1,446 |
| | Shanghai Construction Group Co. Ltd. Class A | 4,103,782 | 1,446 |
| | Shanghai Jahwa United Co. Ltd. Class A | 378,925 | 1,445 |
| * | Lakala Payment Co. Ltd. Class A | 718,400 | 1,445 |
| | Guizhou Zhenhua E-chem Inc. Class A | 206,463 | 1,444 |
| | Shenzhen H&T Intelligent Control Co. Ltd. Class A (XSHE) | 708,842 | 1,436 |
| | Hangzhou Lion Electronics Co. Ltd. Class A (XSHG) | 244,052 | 1,436 |
| | Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A (XSHG) | 2,920,501 | 1,435 |
| | Foran Energy Group Co. Ltd. | 933,470 | 1,434 |
| | Shanghai Belling Co. Ltd. Class A | 575,144 | 1,432 |
| | China National Software & Service Co. Ltd. Class A (XSHG) | 143,780 | 1,431 |
| | Anhui Jianghuai Automobile Group Corp. Ltd. Class A (XSSC) | 810,628 | 1,430 |
| | Beijing E-Hualu Information Technology Co. Ltd. Class A | 634,529 | 1,429 |
| | Shanghai Liangxin Electrical Co. Ltd. Class A | 925,872 | 1,429 |
| | Angel Yeast Co. Ltd. Class A | 286,988 | 1,427 |
| | Sichuan Yahua Industrial Group Co. Ltd. Class A | 388,400 | 1,426 |
| | Hubei Xingfa Chemicals Group Co. Ltd. Class A (XSHG) | 367,200 | 1,426 |
| | Shanghai Haohai Biological Technology Co. Ltd. Class A | 131,582 | 1,424 |
| | Fujian Sunner Development Co. Ltd. Class A | 472,967 | 1,423 |
| | Zhejiang Weixing Industrial Development Co. Ltd. Class A | 1,095,952 | 1,422 |
| | Jiangxi Jovo Energy Co. Ltd. Class A | 457,600 | 1,419 |
| | Dong-E-E-Jiao Co. Ltd. Class A | 275,700 | 1,418 |
| | Zhongshan Public Utilities Group Co. Ltd. Class A (XSHE) | 1,593,736 | 1,418 |
| | Sealand Securities Co. Ltd. Class A (XSHE) | 3,177,265 | 1,417 |
| * | China Dongxiang Group Co. Ltd. | 47,656,360 | 1,415 |
| * | Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A (XSHE) | 361,179 | 1,415 |
| | Yantai Jereh Oilfield Services Group Co. Ltd. Class A | 342,082 | 1,411 |
| | Xiamen Faratronic Co. Ltd. Class A (XSHG) | 58,248 | 1,410 |
| | Beijing Capital Development Co. Ltd. Class A | 2,014,531 | 1,409 |
| | Sunstone Development Co. Ltd. Class A | 373,000 | 1,408 |
| | | | | | Shares | Market
Value•
($000) |
| | Qianhe Condiment & Food Co. Ltd. Class A (XSHG) | 656,006 | 1,406 |
| * | Jihua Group Corp. Ltd. Class A | 3,491,500 | 1,405 |
| | Jiangsu Boqian New Materials Stock Co. Ltd. Class A | 217,300 | 1,405 |
| | Shanghai Shibei Hi-Tech Co. Ltd. Class B | 5,596,869 | 1,404 |
| | Beijing Shunxin Agriculture Co. Ltd. Class A (XSHE) | 499,354 | 1,403 |
| | Shenzhen Yan Tian Port Holding Co. Ltd. Class A | 2,244,251 | 1,403 |
| | Yonghui Superstores Co. Ltd. Class A (XSHG) | 3,424,195 | 1,401 |
| | Xinxiang Richful Lube Additive Co. Ltd. Class A (XSHE) | 70,500 | 1,401 |
| | Huadian Power International Corp. Ltd. Class A (XSHG) | 1,876,717 | 1,400 |
| | Hualan Biological Engineering Inc. Class A | 574,478 | 1,398 |
| | Huaan Securities Co. Ltd. Class A (XSHG) | 2,312,221 | 1,398 |
| | Northeast Securities Co. Ltd. Class A (XSHE) | 1,604,558 | 1,397 |
| | Zhejiang Ausun Pharmaceutical Co. Ltd. Class A | 389,536 | 1,396 |
| | Wuhu Token Science Co. Ltd. Class A (XSHE) | 1,627,300 | 1,395 |
| | Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A (XSHE) | 792,819 | 1,394 |
| | Guangzhou Haige Communications Group Inc. Co. Class A (XSHE) | 1,201,147 | 1,393 |
| | Chinese Universe Publishing & Media Group Co. Ltd. Class A | 1,190,036 | 1,393 |
| | Yunnan Chihong Zinc&Germanium Co. Ltd. Class A (XSSC) | 2,126,424 | 1,392 |
| * | Pang Da Automobile Trade Co. Ltd. Class A | 9,653,200 | 1,392 |
| * | NYOCOR Co. Ltd. Class A | 1,483,800 | 1,392 |
| | Shenzhen Kangtai Biological Products Co. Ltd. Class A | 325,920 | 1,391 |
| | Shanghai Tunnel Engineering Co. Ltd. Class A | 1,945,380 | 1,389 |
| | Shenzhen Tagen Group Co. Ltd. Class A | 1,970,094 | 1,388 |
| | Anhui Truchum Advanced Materials & Technology Co. Ltd. Class A | �� 1,374,513 | 1,386 |
| | Beijing Strong Biotechnologies Inc. Class A | 565,885 | 1,384 |
| | Jade Bird Fire Co. Ltd. Class A | 404,593 | 1,382 |
| * | Tongdao Liepin Group | 1,587,800 | 1,381 |
| | Yantai Eddie Precision Machinery Co. Ltd. Class A (XSHG) | 709,199 | 1,381 |
| | Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Class A | 231,660 | 1,380 |
| | LianChuang Electronic Technology Co. Ltd. Class A (XSHE) | 747,661 | 1,380 |
| | Shinva Medical Instrument Co. Ltd. Class A | 366,248 | 1,380 |
| | Rongsheng Petrochemical Co. Ltd. Class A | 938,504 | 1,379 |
| | Shanghai M&G Stationery Inc. Class A (XSHG) | 249,275 | 1,379 |
| | Jinko Power Technology Co. Ltd. Class A | 2,169,800 | 1,378 |
| | Zhongji Innolight Co. Ltd. Class A | 342,986 | 1,377 |
| | Top Resource Conservation & Environment Corp. Class A | 847,100 | 1,377 |
| * | Zhejiang Zheneng Electric Power Co. Ltd. Class A (XSSC) | 3,004,652 | 1,376 |
| | Guangdong Hongtu Technology Holdings Co. Ltd. Class A | 448,700 | 1,376 |
| | Jason Furniture Hangzhou Co. Ltd. Class A | 331,500 | 1,375 |
| | China Merchants Property Operation & Service Co. Ltd. Class A (XSHE) | 744,416 | 1,374 |
| | Western Mining Co. Ltd. Class A | 1,053,500 | 1,373 |
| | All Winner Technology Co. Ltd. Class A | 512,430 | 1,373 |
| | Unisplendour Corp. Ltd. Class A | 580,826 | 1,367 |
| | Kailuan Energy Chemical Co. Ltd. Class A (XSHG) | 1,477,669 | 1,367 |
| | Lao Feng Xiang Co. Ltd. Class A | 258,900 | 1,364 |
| | Sinotrans Ltd. Class A (XSHG) | 2,797,395 | 1,363 |
| | Shandong Dongyue Organosilicon Material Co. Ltd. Class A | 799,300 | 1,362 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | China Animal Husbandry Industry Co. Ltd. Class A (XSHG) | 748,498 | 1,360 |
| | Joyoung Co. Ltd. Class A | 682,392 | 1,360 |
| | Nanjing Gaoke Co. Ltd. Class A (XSSC) | 1,597,551 | 1,360 |
| | Topsec Technologies Group Inc. Class A (XSHE) | 879,332 | 1,359 |
| * | Yuan Longping High-tech Agriculture Co. Ltd. Class A | 683,200 | 1,358 |
| | Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A (XSHE) | 1,479,817 | 1,357 |
| | Zhejiang Crystal-Optech Co. Ltd. Class A (XSHE) | 819,994 | 1,357 |
| | Winner Medical Co. Ltd. Class A | 149,861 | 1,354 |
| * | Gansu Jiu Steel Group Hongxing Iron & Steel Co. Ltd. Class A | 6,449,000 | 1,353 |
| | Leyard Optoelectronic Co. Ltd. Class A | 1,748,173 | 1,352 |
| | Chengdu Wintrue Holding Co. Ltd. Class A | 868,170 | 1,352 |
| | Kunlun Tech Co. Ltd. Class A | 755,856 | 1,351 |
| | COFCO Sugar Holding Co. Ltd. Class A | 1,487,749 | 1,351 |
| * | Datang International Power Generation Co. Ltd. Class A | 3,482,700 | 1,351 |
| | Angang Steel Co. Ltd. Class A | 4,001,702 | 1,350 |
| | NanJi E-Commerce Co. Ltd. Class A | 2,206,043 | 1,349 |
| | Guizhou Panjiang Refined Coal Co. Ltd. Class A (XSHG) | 1,466,300 | 1,348 |
| * | Grandjoy Holdings Group Co. Ltd. Class A (XSHE) | 3,113,300 | 1,346 |
| | Konfoong Materials International Co. Ltd. Class A (XSHE) | 111,476 | 1,346 |
| | Shenzhen Megmeet Electrical Co. Ltd. Class A (XSHE) | 386,775 | 1,346 |
| | Yankershop Food Co. Ltd. Class A | 112,100 | 1,346 |
| | Arcsoft Corp. Ltd. Class A | 390,648 | 1,346 |
| | FAW Jiefang Group Co. Ltd. Class A | 1,405,500 | 1,342 |
| | Do-Fluoride New Materials Co. Ltd. Class A | 313,600 | 1,341 |
| | Sichuan Hexie Shuangma Co. Ltd. Class A (XSHE) | 484,900 | 1,341 |
| | Guangzhou Great Power Energy & Technology Co. Ltd. Class A | 154,649 | 1,339 |
| * | Jiangsu Kanion Pharmaceutical Co. Ltd. Class A (XSHG) | 505,566 | 1,332 |
| | Jiangsu Shuangxing Color Plastic New Materials Co. Ltd. Class A | 824,285 | 1,331 |
| | Beijing Wandong Medical Technology Co. Ltd. Class A | 476,723 | 1,330 |
| | Chengdu Fusen Noble-House Industrial Co. Ltd. Class A | 815,521 | 1,330 |
| *,2 | Gaotu Techedu Inc. ADR | 2,011,059 | 1,329 |
| * | Zhongmin Energy Co. Ltd. Class A | 1,855,427 | 1,329 |
| * | Pacific Securities Co. Ltd. Class A (XSSC) | 3,822,620 | 1,328 |
| * | GalaxyCore Inc. Class A | 576,266 | 1,325 |
| | Guangxi Liugong Machinery Co. Ltd. Class A | 1,652,461 | 1,323 |
| | Hengtong Optic-electric Co. Ltd. Class A (XSHG) | 494,260 | 1,322 |
| | QuakeSafe Technologies Co. Ltd. | 226,550 | 1,320 |
| * | Hongda Xingye Co. Ltd. Class A | 2,931,800 | 1,319 |
| | Mango Excellent Media Co. Ltd. Class A | 436,899 | 1,317 |
| | Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A | 853,196 | 1,316 |
| | Archermind Technology Nanjing Co. Ltd. Class A | 150,070 | 1,316 |
| | Dongguan Development Holdings Co. Ltd. Class A | 1,091,801 | 1,313 |
| | Yutong Bus Co. Ltd. Class A (XSSC) | 1,347,414 | 1,312 |
| *,2 | LVGEM China Real Estate Investment Co. Ltd. | 13,724,000 | 1,312 |
| | Beijing BDStar Navigation Co. Ltd. Class A (XSHE) | 339,651 | 1,310 |
| | Xiangcai Co. Ltd. Class A | 1,488,900 | 1,310 |
| | Shanghai Daimay Automotive Interior Co. Ltd. Class A | 607,279 | 1,309 |
| | | | | | Shares | Market
Value•
($000) |
| | Hisense Visual Technology Co. Ltd. Class A (XSHG) | 788,700 | 1,308 |
| | YGSOFT Inc. Class A (XSHE) | 1,431,258 | 1,307 |
| | Sichuan Changhong Electric Co. Ltd. Class A (XSHG) | 3,659,100 | 1,306 |
| * | Mianyang Fulin Precision Co. Ltd. (XSHE) | 676,200 | 1,306 |
| | Lihuayi Weiyuan Chemical Co. Ltd. Class A | 463,100 | 1,306 |
| | Chengdu RML Technology Co. Ltd. Class A | 113,827 | 1,305 |
| | Piesat Information Technology Co. Ltd. Class A | 105,450 | 1,304 |
| | Gree Real Estate Co. Ltd. Class A | 1,695,100 | 1,303 |
| | Zhejiang Dahua Technology Co. Ltd. Class A | 820,521 | 1,302 |
| * | Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A (XSEC) | 1,411,966 | 1,302 |
| | Wuxi Taiji Industry Co. Ltd. Class A | 1,770,531 | 1,300 |
| | Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A (XSHE) | 163,780 | 1,300 |
| | Zhejiang Windey Co. Ltd. Class A | 526,560 | 1,300 |
| | Sichuan Swellfun Co. Ltd. Class A | 167,033 | 1,299 |
| | Xi'An Shaangu Power Co. Ltd. Class A (XSHG) | 728,545 | 1,299 |
| | Anhui Zhongding Sealing Parts Co. Ltd. Class A (XSHE) | 644,765 | 1,296 |
| | Sailun Group Co. Ltd. Class A | 1,085,915 | 1,294 |
| | Huafon Chemical Co. Ltd. Class A | 1,414,100 | 1,293 |
| 1,2 | China Everbright Greentech Ltd. | 7,923,814 | 1,292 |
| | North China Pharmaceutical Co. Ltd. Class A | 1,585,460 | 1,288 |
| | China Baoan Group Co. Ltd. Class A | 811,820 | 1,287 |
| | Western Securities Co. Ltd. Class A | 1,569,968 | 1,286 |
| | Vats Liquor Chain Store Management JSC Ltd. Class A | 428,658 | 1,284 |
| | Appotronics Corp. Ltd. Class A | 421,869 | 1,284 |
| | Zhejiang Conba Pharmaceutical Co. Ltd. Class A (XSHG) | 2,236,157 | 1,283 |
| * | Wonders Information Co. Ltd. Class A | 1,073,100 | 1,281 |
| | JCHX Mining Management Co. Ltd. Class A (XSHG) | 439,296 | 1,281 |
| | Han's Laser Technology Industry Group Co. Ltd. Class A (XSHE) | 367,400 | 1,279 |
| | Hainan Poly Pharm Co. Ltd. Class A (XSHE) | 352,626 | 1,279 |
| * | Delixi New Energy Technology Co. Ltd. Class A | 135,300 | 1,278 |
| | Shengyi Technology Co. Ltd. Class A (XSHG) | 671,118 | 1,277 |
| | Guangdong Great River Smarter Logistics Co. Ltd. Class A | 434,798 | 1,276 |
| | Jiangsu Linyang Energy Co. Ltd. Class A | 1,258,325 | 1,275 |
| | Guangzhou Zhujiang Brewery Co. Ltd. Class A (XSHE) | 1,435,600 | 1,275 |
| | Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A | 2,409,400 | 1,273 |
| | Beijing SuperMap Software Co. Ltd. Class A | 490,500 | 1,273 |
| | Rockchip Electronics Co. Ltd. | 141,900 | 1,273 |
| * | Offcn Education Technology Co. Ltd. Class A | 2,129,576 | 1,273 |
| | Jinyuan EP Co. Ltd. Class A | 703,896 | 1,272 |
| | Shandong Jinjing Science & Technology Co. Ltd. Class A (XSSC) | 1,158,896 | 1,272 |
| | Xiamen C & D Inc. Class A | 772,400 | 1,271 |
| | Zhejiang Xianju Pharmaceutical Co. Ltd. Class A | 898,950 | 1,269 |
| | Bestechnic Shanghai Co. Ltd. Class A | 80,426 | 1,269 |
| | Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A | 345,976 | 1,267 |
| | Shanghai AJ Group Co. Ltd. Class A | 1,776,098 | 1,267 |
| | Nanjing Xinjiekou Department Store Co. Ltd. Class A (XSSC) | 1,107,100 | 1,267 |
| * | Zhongnongfa Seed Industry Group Co. Ltd. Class A | 943,400 | 1,267 |
| | Shenzhen Changhong Technology Co. Ltd. Class A | 485,400 | 1,266 |
| | Shenzhen Sunline Tech Co. Ltd. Class A | 692,152 | 1,265 |
| | Jizhong Energy Resources Co. Ltd. Class A | 1,519,400 | 1,264 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | CanSino Biologics Inc. Class A | 48,634 | 1,264 |
| | Sinomach Automobile Co. Ltd. Class A | 1,218,000 | 1,264 |
| | Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A (XSEC) | 698,539 | 1,261 |
| | China Wafer Level CSP Co. Ltd. Class A (XSHG) | 455,347 | 1,261 |
| | China Coal Xinji Energy Co. Ltd. Class A | 2,203,900 | 1,259 |
| | CNGR Advanced Material Co. Ltd. Class A (XSHE) | 127,000 | 1,259 |
| | Moon Environment Technology Co. Ltd. Class A | 795,284 | 1,254 |
| | Beijing Dahao Technology Corp. Ltd. Class A | 563,787 | 1,253 |
| * | Sinocelltech Group Ltd. Class A | 167,420 | 1,253 |
| * | Jinneng Holding Shanxi Electric Power Co. Ltd. | 2,698,046 | 1,251 |
| | Beijing Haohua Energy Resource Co. Ltd. Class A | 1,424,760 | 1,249 |
| | Jiangxi Ganyue Expressway Co. Ltd. Class A | 2,901,500 | 1,248 |
| * | Zhejiang Qianjiang Motorcycle Co. Ltd. Class A | 473,849 | 1,247 |
| | Han's Laser Technology Industry Group Co. Ltd. Class A | 357,723 | 1,245 |
| | Shandong Jincheng Pharmaceutical Group Co. Ltd. Class A | 379,500 | 1,244 |
| | Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A (XSHE) | 1,622,754 | 1,242 |
| | Anhui Yingliu Electromechanical Co. Ltd. Class A (XSHG) | 472,360 | 1,241 |
| | Tianjin Port Co. Ltd. Class A (XSHG) | 2,315,508 | 1,239 |
| | Guangdong Hybribio Biotech Co. Ltd. Class A | 442,947 | 1,239 |
| | Shanghai Awinic Technology Co. Ltd. Class A | 110,732 | 1,239 |
| | Huagong Tech Co. Ltd. Class A (XSHE) | 536,500 | 1,237 |
| *,3 | HC SemiTek Corp. Class A | 1,212,450 | 1,237 |
| | Foryou Corp. | 254,000 | 1,236 |
| | Jiangsu Shagang Co. Ltd. Class A | 2,315,785 | 1,235 |
| | Eoptolink Technology Inc. Ltd. Class A (XSHE) | 347,812 | 1,235 |
| | Beijing Tianyishangjia New Material Corp. Ltd. Class A | 427,125 | 1,234 |
| | China Galaxy Securities Co. Ltd. Class A | 995,320 | 1,233 |
| * | Zhejiang Jinke Tom Culture Industry Co. Ltd. Class A | 2,951,245 | 1,231 |
| | Chongqing Pharscin Pharmaceutical Co. Ltd. Class A | 337,000 | 1,231 |
| | Luoxin Pharmaceuticals Group Stock Co. Ltd. Class A | 1,171,610 | 1,230 |
| | China CAMC Engineering Co. Ltd. Class A | 1,168,000 | 1,229 |
| | Sinoma Science & Technology Co. Ltd. Class A | 500,100 | 1,228 |
| *,2 | XPeng Inc. Class A | 383,531 | 1,228 |
| * | Zhejiang Jinggong Science & Technology Co. Ltd. Class A | 327,900 | 1,225 |
| | Shenzhen Woer Heat-Shrinkable Material Co. Ltd. Class A | 1,390,724 | 1,223 |
| | Shenzhen Leaguer Co. Ltd. Class A | 1,145,721 | 1,222 |
| | First Tractor Co. Ltd. Class A (XSSC) | 828,289 | 1,221 |
| | Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A (XSHG) | 1,120,400 | 1,221 |
| | Shanghai Shyndec Pharmaceutical Co. Ltd. Class A | 986,738 | 1,219 |
| 1 | Qingdao Port International Co. Ltd. Class H | 2,903,915 | 1,218 |
| | China Harmony Auto Holding Ltd. | 10,751,000 | 1,218 |
| | Zhejiang Longsheng Group Co. Ltd. Class A (XSSC) | 983,700 | 1,218 |
| | Tongyu Heavy Industry Co. Ltd. Class A | 3,501,757 | 1,216 |
| | Wuxi Huaguang Environment & Energy Group Co. Ltd. Class A | 929,331 | 1,210 |
| | Changchun BCHT Biotechnology Co. Ltd. Class A | 133,043 | 1,209 |
| | Hunan Gold Corp. Ltd. Class A (XSHE) | 665,040 | 1,207 |
| | Wuhan Jingce Electronic Group Co. Ltd. Class A | 171,276 | 1,206 |
| | | | | | Shares | Market
Value•
($000) |
| | Zhende Medical Co. Ltd. Class A | 189,800 | 1,206 |
| | Shandong Bohui Paper Industrial Co. Ltd. Class A | 1,345,900 | 1,205 |
| | Shandong Sun Paper Industry JSC Ltd. Class A | 835,800 | 1,204 |
| | Porton Pharma Solutions Ltd. Class A (XSHE) | 206,500 | 1,204 |
| | Xinxing Ductile Iron Pipes Co. Ltd. Class A | 2,524,400 | 1,201 |
| | BrightGene Bio-Medical Technology Co. Ltd. Class A | 414,069 | 1,201 |
| * | Shanghai Electric Group Co. Ltd. Class A (XSSC) | 2,251,267 | 1,200 |
| * | Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A (XSHE) | 1,986,905 | 1,200 |
| | Wuxi Rural Commercial Bank Co. Ltd. Class A | 1,810,900 | 1,199 |
| | Accelink Technologies Co. Ltd. Class A (XSHE) | 513,948 | 1,198 |
| * | Beijing Compass Technology Development Co. Ltd. Class A | 196,800 | 1,198 |
| | Tibet Rhodiola Pharmaceutical Holding Co. Class A | 234,317 | 1,196 |
| | Shenyang Xingqi Pharmaceutical Co. Ltd. Class A | 83,302 | 1,195 |
| | Shenzhen Gas Corp. Ltd. Class A | 1,333,087 | 1,194 |
| | Shanghai Chinafortune Co. Ltd. Class A | 812,561 | 1,194 |
| | Hangzhou Honghua Digital Technology Stock Co. Ltd. Class A | 52,138 | 1,192 |
| | Central China Securities Co. Ltd. Class A (XSSC) | 2,405,400 | 1,189 |
| * | UTour Group Co. Ltd. Class A | 1,245,025 | 1,188 |
| | Zhongji Innolight Co. Ltd. Class A (XSHE) | 295,537 | 1,187 |
| | Keda Industrial Group Co. Ltd. Class A | 554,600 | 1,186 |
| | China World Trade Center Co. Ltd. Class A | 635,535 | 1,185 |
| | Gemdale Corp. Class A (XSHG) | 1,101,700 | 1,185 |
| | Amoy Diagnostics Co. Ltd. Class A | 368,460 | 1,185 |
| | Hainan Haide Capital Management Co. Ltd. Class A | 604,977 | 1,184 |
| | PCI Technology Group Co. Ltd. Class A (XSHG) | 1,516,958 | 1,182 |
| | Zhejiang Orient Gene Biotech Co. Ltd. Class A (XSHG) | 104,594 | 1,181 |
| * | Jilin Electric Power Co. Ltd. Class A (XSHE) | 1,452,680 | 1,179 |
| | Jiangsu Hengshun Vinegar Industry Co. Ltd. Class A | 856,902 | 1,178 |
| | Shenghe Resources Holding Co. Ltd. Class A | 641,200 | 1,177 |
| * | Fujian Aonong Biological Technology Group Inc. Ltd. Class A (XSHG) | 670,750 | 1,176 |
| | Zhejiang Sanmei Chemical Industry Co. Ltd. Class A | 368,500 | 1,176 |
| | Beijing Tiantan Biological Products Corp. Ltd. Class A (XSHG) | 412,933 | 1,174 |
| | Jiangsu Guotai International Group Co. Ltd. | 1,057,871 | 1,173 |
| | Citic Pacific Special Steel Group Co. Ltd. Class A | 531,045 | 1,172 |
| 2 | Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. Class H | 3,561,772 | 1,171 |
| * | Hybio Pharmaceutical Co. Ltd. Class A (XSEC) | 815,691 | 1,170 |
| * | Tsinghua Tongfang Co. Ltd. Class A (XSHG) | 1,923,200 | 1,170 |
| | COFCO Capital Holdings Co. Ltd. Class A (XSHE) | 1,446,657 | 1,170 |
| | Newland Digital Technology Co. Ltd. Class A (XSHE) | 618,095 | 1,168 |
| | Easyhome New Retail Group Co. Ltd. Class A | 2,402,000 | 1,168 |
| | Shenzhen Huaqiang Industry Co. Ltd. Class A | 782,836 | 1,168 |
| | Bluestar Adisseo Co. Class A | 1,009,941 | 1,167 |
| * | Jiangsu Zongyi Co. Ltd. Class A | 1,224,100 | 1,167 |
| | Jiangsu Financial Leasing Co. Ltd. Class A | 1,645,707 | 1,167 |
| | Shanghai M&G Stationery Inc. Class A | 210,300 | 1,164 |
| | PhiChem Corp. Class A | 498,100 | 1,164 |
| * | Orient Group Inc. Class A | 3,391,900 | 1,164 |
| * | An Hui Wenergy Co. Ltd. Class A (XSHE) | 1,824,144 | 1,163 |
| | Rizhao Port Co. Ltd. Class A | 3,208,600 | 1,163 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zheshang Securities Co. Ltd. Class A (XSHG) | 832,600 | 1,163 |
| | Suzhou TFC Optical Communication Co. Ltd. Class A (XSHE) | 299,880 | 1,162 |
| * | Suzhou Zelgen Biopharmaceutical Co. Ltd. Class A | 203,275 | 1,162 |
| | Ganzhou Teng Yuan Cobalt New Material Co. Ltd. Class A | 125,880 | 1,162 |
| | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A | 499,500 | 1,161 |
| * | Zhejiang Wanliyang Co. Ltd. Class A (XSEC) | 1,126,200 | 1,161 |
| | Fujian Apex Software Co. Ltd. Class A | 183,700 | 1,160 |
| | Pacific Shuanglin Bio-pharmacy Co. Ltd. (XSHE) | 465,203 | 1,159 |
| * | Shandong Longda Meishi Co. Ltd. Class A | 904,000 | 1,159 |
| | China SCE Group Holdings Ltd. | 22,336,301 | 1,154 |
| | Tibet Urban Development & Investment Co. Ltd. Class A (XSHG) | 488,170 | 1,153 |
| | Nantong Jiangshan Agrochemical & Chemical LLC Class A | 206,284 | 1,153 |
| | Shanghai Hiuv New Materials Co. Ltd. Class A | 63,916 | 1,152 |
| | Shanghai Environment Group Co. Ltd. Class A | 955,007 | 1,149 |
| | Bank of Suzhou Co. Ltd. Class A | 1,219,570 | 1,149 |
| * | Tibet Summit Resources Co. Ltd. Class A (XSHG) | 399,825 | 1,148 |
| | Chengdu XGimi Technology Co. Ltd. Class A | 50,158 | 1,143 |
| | NSFOCUS Technologies Group Co. Ltd. Class A | 736,318 | 1,140 |
| | Hengli Petrochemical Co. Ltd. Class A | 541,200 | 1,140 |
| | Zhejiang Orient Financial Holdings Group Co. Ltd. Class A (XSEC) | 2,273,294 | 1,139 |
| | Guangxi Wuzhou Zhongheng Group Co. Ltd. Class A | 3,064,100 | 1,139 |
| | Guizhou Xinbang Pharmaceutical Co. Ltd. Class A | 1,609,931 | 1,138 |
| * | Shenzhen MTC Co. Ltd. Class A (XSHE) | 2,400,755 | 1,137 |
| | Tongling Jingda Special Magnet Wire Co. Ltd. Class A | 1,946,363 | 1,137 |
| * | Vcanbio Cell & Gene Engineering Corp. Ltd. Class A | 440,200 | 1,136 |
| | Wangfujing Group Co. Ltd. Class A (XSSC) | 409,042 | 1,133 |
| | Xinjiang Zhongtai Chemical Co. Ltd. Class A | 1,403,800 | 1,132 |
| | Fujian Expressway Development Co. Ltd. Class A | 3,044,400 | 1,132 |
| | Grinm Advanced Materials Co. Ltd. Class A | 623,800 | 1,130 |
| * | Cheng De Lolo Co. Ltd. Class A (XSHE) | 1,096,852 | 1,130 |
| | Center International Group Co. Ltd. Class A | 288,200 | 1,130 |
| | CNNC Hua Yuan Titanium Dioxide Co. Ltd. Class A | 1,230,910 | 1,128 |
| | Guangzhou Development Group Inc. Class A (XSHG) | 1,503,400 | 1,128 |
| | Xinjiang Xintai Natural Gas Co. Ltd. Class A | 401,640 | 1,128 |
| | KPC Pharmaceuticals Inc. Class A | 523,308 | 1,127 |
| | CGN Power Co. Ltd. Class A | 3,113,500 | 1,127 |
| | Jiangsu Phoenix Publishing & Media Corp. Ltd. Class A (XSSC) | 1,130,306 | 1,126 |
| | Grandblue Environment Co. Ltd. Class A | 458,060 | 1,125 |
| | Xinjiang Tianshan Cement Co. Ltd. Class A (XSHE) | 1,061,720 | 1,124 |
| * | Shenzhen Chipscreen Biosciences Co. Ltd. Class A | 355,488 | 1,124 |
| | Shandong Xinhua Pharmaceutical Co. Ltd. Class A | 457,342 | 1,122 |
| | Leshan Giantstar Farming & Husbandry Corp. Ltd. Class A | 423,600 | 1,120 |
| | Anhui Kouzi Distillery Co. Ltd. Class A | 201,427 | 1,119 |
| * | Zhongtong Bus Co. Ltd. | 607,400 | 1,119 |
| | Central China Management Co. Ltd. | 16,221,685 | 1,118 |
| | Hesteel Co. Ltd. Class A (XSHE) | 3,757,200 | 1,116 |
| | NavInfo Co. Ltd. Class A | 684,887 | 1,114 |
| | | | | | Shares | Market
Value•
($000) |
| | Anhui Zhongding Sealing Parts Co. Ltd. Class A | 553,800 | 1,114 |
| | Shenzhen FRD Science & Technology Co. Ltd. | 465,019 | 1,114 |
| | Lancy Co. Ltd. Class A | 430,900 | 1,114 |
| | Red Avenue New Materials Group Co. Ltd. Class A | 225,600 | 1,112 |
| | Jinhong Gas Co. Ltd. Class A | 362,709 | 1,112 |
| | Beijing Ultrapower Software Co. Ltd. Class A | 1,853,768 | 1,111 |
| | Jinghua Pharmaceutical Group Co. Ltd. Class A | 613,171 | 1,111 |
| * | China Aluminum International Engineering Corp. Ltd. Class A | 2,145,700 | 1,111 |
| | Hubei Energy Group Co. Ltd. Class A | 1,930,290 | 1,109 |
| * | Jiangxi Ganneng Co. Ltd. Class A | 992,742 | 1,109 |
| * | Yifan Pharmaceutical Co. Ltd. Class A (XSHE) | 740,302 | 1,109 |
| | Shanghai Titan Scientific Co. Ltd. Class A | 49,505 | 1,109 |
| | Shenzhen Sunway Communication Co. Ltd. Class A | 481,625 | 1,108 |
| | China Merchants Energy Shipping Co. Ltd. Class A (XSSC) | 1,153,980 | 1,107 |
| * | Huaihe Energy Group Co. Ltd. Class A | 3,346,600 | 1,104 |
| * | OneConnect Financial Technology Co. Ltd. ADR | 1,736,712 | 1,104 |
| | Yueyang Forest & Paper Co. Ltd. Class A (XSHG) | 1,497,780 | 1,103 |
| | Qingling Motors Co. Ltd. Class H | 9,812,072 | 1,102 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class H | 3,277,266 | 1,102 |
| | Shanying International Holding Co. Ltd. Class A | 3,457,725 | 1,100 |
| * | COSCO SHIPPING Energy Transportation Co. Ltd. Class A (XSHG) | 473,300 | 1,100 |
| * | Shenzhen Neptunus Bioengineering Co. Ltd. Class A | 2,438,150 | 1,100 |
| * | Shandong Xinchao Energy Corp. Ltd. Class A (XSHG) | 3,400,300 | 1,099 |
| | Shanghai Zhangjiang High-Tech Park Development Co. Ltd. Class A (XSHG) | 711,600 | 1,098 |
| * | Seazen Holdings Co. Ltd. Class A | 606,000 | 1,097 |
| | Asian Star Anchor Chain Co. Ltd. Jiangsu Class A | 858,650 | 1,097 |
| | Juewei Food Co. Ltd. Class A (XSHG) | 168,760 | 1,095 |
| | Jizhong Energy Resources Co. Ltd. Class A (XSHE) | 1,315,107 | 1,094 |
| | Shenzhen Sunway Communication Co. Ltd. Class A (XSHE) | 475,324 | 1,094 |
| * | China Reform Health Management & Services Group Co. Ltd. Class A (XSHE) | 771,892 | 1,093 |
| | ShaanXi Provincial Natural Gas Co. Ltd. Class A | 1,054,500 | 1,093 |
| | Guangzhou GRG Metrology & Test Co. Ltd. Class A | 466,500 | 1,093 |
| | Suzhou Everbright Photonics Co. Ltd. Class A | 82,288 | 1,093 |
| | Maanshan Iron & Steel Co. Ltd. Class A (XSHG) | 3,155,000 | 1,092 |
| | Zhejiang Daily Digital Culture Group Co. Ltd. Class A | 1,239,287 | 1,092 |
| | Jiang Su Suyan Jingshen Co. Ltd. Class A | 761,500 | 1,092 |
| * | Baoding Tianwei Baobian Electric Co. Ltd. Class A | 1,751,501 | 1,091 |
| | Shanghai Haoyuan Chemexpress Co. Ltd. Class A | 73,866 | 1,091 |
| | Beibuwan Port Co. Ltd. Class A | 1,122,600 | 1,091 |
| | MLS Co. Ltd. Class A | 952,800 | 1,090 |
| * | Verisilicon Microelectronics Shanghai Co. Ltd. Class A | 154,641 | 1,090 |
| | Xuji Electric Co. Ltd. Class A | 446,000 | 1,088 |
| * | Yuan Longping High-tech Agriculture Co. Ltd. Class A (XSHE) | 547,439 | 1,088 |
| * | Top Energy Co. Ltd. Shanxi Class A | 1,237,044 | 1,088 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Jiangsu Suzhou Rural Commercial Bank Co. Ltd. Class A | 1,774,500 | 1,088 |
| | Guangdong Baolihua New Energy Stock Co. Ltd. Class A (XSHE) | 1,475,460 | 1,087 |
| | Yunnan Energy Investment Co. Ltd. Class A | 751,155 | 1,087 |
| | Xilinmen Furniture Co. Ltd. Class A | 357,900 | 1,086 |
| * | ABA Chemicals Corp. Class A | 726,200 | 1,086 |
| | Tasly Pharmaceutical Group Co. Ltd. Class A (XSHG) | 712,242 | 1,085 |
| | Cinda Real Estate Co. Ltd. Class A (XSSC) | 1,919,213 | 1,084 |
| | Shanghai Tianchen Co. Ltd. Class A | 728,338 | 1,084 |
| | Shenzhen YUTO Packaging Technology Co. Ltd. Class A (XSHE) | 242,539 | 1,083 |
| | Xuji Electric Co. Ltd. Class A (XSHE) | 443,400 | 1,082 |
| * | Shandong Chenming Paper Holdings Ltd. Class A (XSHE) | 1,677,550 | 1,082 |
| | Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. Class A (XSSC) | 1,344,100 | 1,081 |
| | Shanghai Electric Wind Power Group Co. Ltd. Class A | 1,238,529 | 1,081 |
| | Giantec Semiconductor Corp. Class A | 80,472 | 1,080 |
| *,1,2 | Archosaur Games Inc. | 3,751,000 | 1,079 |
| | Addsino Co. Ltd. Class A | 749,900 | 1,078 |
| | Xiamen ITG Group Corp. Ltd. Class A | 1,262,574 | 1,078 |
| * | Zhejiang Huatong Meat Products Co. Ltd. Class A | 514,700 | 1,077 |
| | Chongqing Sanfeng Environment Group Corp. Ltd. Class A | 1,214,900 | 1,076 |
| | Addsino Co. Ltd. Class A (XSHE) | 748,000 | 1,075 |
| | Hainan Strait Shipping Co. Ltd. Class A (XSHE) | 1,677,780 | 1,075 |
| | Fujian Star-net Communication Co. Ltd. Class A (XSHE) | 369,581 | 1,075 |
| | KingClean Electric Co. Ltd. Class A | 238,900 | 1,074 |
| * | Hytera Communications Corp. Ltd. Class A (XSHE) | 1,486,765 | 1,074 |
| | Konfoong Materials International Co. Ltd. Class A | 88,900 | 1,073 |
| | Anhui Construction Engineering Group Co. Ltd. Class A | 1,699,609 | 1,072 |
| | Zhefu Holding Group Co. Ltd. Class A (XSHE) | 1,995,490 | 1,072 |
| | China Sports Industry Group Co. Ltd. Class A | 908,800 | 1,072 |
| | Shenzhen Fine Made Electronics Group Co. Ltd. Class A (XSHE) | 192,100 | 1,072 |
| | ADAMA Ltd. Class A | 915,100 | 1,070 |
| * | OFILM Group Co. Ltd. Class A (XSHE) | 1,662,925 | 1,068 |
| * | Nations Technologies Inc. Class A | 521,400 | 1,067 |
| | Qingdao Hanhe Cable Co. Ltd. Class A | 1,571,104 | 1,067 |
| * | HyUnion Holding Co. Ltd. Class A (XSHE) | 1,013,582 | 1,067 |
| | Xiamen Kingdomway Group Co. Class A (XSHE) | 462,900 | 1,067 |
| | Financial Street Holdings Co. Ltd. Class A (XSHE) | 1,676,851 | 1,066 |
| | Sino-Platinum Metals Co. Ltd. Class A | 517,718 | 1,065 |
| | Guangdong No. 2 Hydropower Engineering Co. Ltd. Class A | 1,185,800 | 1,065 |
| | Beijing Sifang Automation Co. Ltd. Class A (XSSC) | 530,039 | 1,064 |
| | Shaanxi Construction Engineering Group Corp. Ltd. Class A (XSHG) | 1,889,590 | 1,063 |
| | HLA Group Corp. Ltd. (XSHG) | 1,812,931 | 1,063 |
| | Baiyin Nonferrous Group Co. Ltd. Class A | 3,084,400 | 1,063 |
| | Keboda Technology Co. Ltd. Class A | 129,581 | 1,063 |
| | CTS International Logistics Corp. Ltd. Class A | 692,380 | 1,061 |
| | Tangshan Sunfar Silicon Industry Co. Ltd. Class A | 201,400 | 1,061 |
| | Autobio Diagnostics Co. Ltd. Class A | 103,610 | 1,058 |
| | INESA Intelligent Tech Inc. Class A | 1,133,790 | 1,058 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class A (XSHG) | 1,293,916 | 1,058 |
| | | | | | Shares | Market
Value•
($000) |
| | Gaona Aero Material Co. Ltd. Class A | 144,300 | 1,058 |
| | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A (XSHE) | 118,600 | 1,057 |
| * | Shanghai Yizhong Pharmaceutical Co. Ltd. Class A | 101,527 | 1,057 |
| * | Ourpalm Co. Ltd. Class A | 2,633,461 | 1,056 |
| * | Beijing Jetsen Technology Co. Ltd. Class A | 1,742,123 | 1,053 |
| * | Shanghai Electric Power Co. Ltd. Class A (XSHG) | 836,400 | 1,053 |
| | Ningbo Yongxin Optics Co. Ltd. | 78,100 | 1,053 |
| * | Jilin Electric Power Co. Ltd. Class A | 1,294,200 | 1,051 |
| | Zhejiang Tianyu Pharmaceutical Co. Ltd. Class A | 330,880 | 1,050 |
| | Shandong Head Group Co. Ltd. Class A | 319,700 | 1,050 |
| * | Chongqing Iron & Steel Co. Ltd. Class A (XSHG) | 5,006,188 | 1,046 |
| | Tasly Pharmaceutical Group Co. Ltd. Class A (XSSC) | 686,014 | 1,045 |
| | Zhejiang JIULI Hi-tech Metals Co. Ltd. Class A (XSSC) | 449,450 | 1,045 |
| * | Wanda Film Holding Co. Ltd. Class A (XSHE) | 755,300 | 1,045 |
| | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A | 636,798 | 1,044 |
| | KWG Living Group Holdings Ltd. | 11,074,047 | 1,043 |
| | Hefei Meiya Optoelectronic Technology Inc. Class A | 320,005 | 1,042 |
| | JiuGui Liquor Co. Ltd. Class A | 74,400 | 1,042 |
| | Yibin Tianyuan Group Co. Ltd. Class A | 1,118,558 | 1,041 |
| * | Guosheng Financial Holding Inc. Class A (XSHE) | 1,012,873 | 1,040 |
| | Hongfa Technology Co. Ltd. Class A | 219,730 | 1,036 |
| | Bank of Qingdao Co. Ltd. Class A (XSHE) | 2,453,590 | 1,036 |
| | ZheJiang Dali Technology Co. Ltd. Class A | 552,794 | 1,034 |
| | Wanxiang Qianchao Co. Ltd. Class A | 1,516,900 | 1,032 |
| | Bright Dairy & Food Co. Ltd. Class A | 794,000 | 1,031 |
| | China National Accord Medicines Corp. Ltd. Class A | 238,147 | 1,031 |
| * | Chengzhi Co. Ltd. Class A | 842,000 | 1,030 |
| | Hubei Jumpcan Pharmaceutical Co. Ltd. Class A | 230,447 | 1,030 |
| | Zhejiang Juhua Co. Ltd. Class A (XSSC) | 478,140 | 1,030 |
| * | Aotecar New Energy Technology Co. Ltd. Class A | 2,987,100 | 1,030 |
| * | Shanghai Guijiu Co. Ltd. Class A | 320,500 | 1,029 |
| * | Tech-Bank Food Co. Ltd. Class A (XSHE) | 1,236,974 | 1,027 |
| * | Luoyang Glass Co. Ltd. Class A | 385,300 | 1,025 |
| | Xinjiang Tianshan Cement Co. Ltd. Class A | 965,400 | 1,022 |
| | Chongqing Department Store Co. Ltd. Class A | 374,760 | 1,022 |
| | Camel Group Co. Ltd. Class A | 872,471 | 1,021 |
| | Hangzhou Onechance Tech Corp. Class A | 262,325 | 1,021 |
| | Xinxiang Richful Lube Additive Co. Ltd. Class A (XSEC) | 51,374 | 1,021 |
| | Tangshan Sanyou Chemical Industries Co. Ltd. Class A | 1,304,852 | 1,019 |
| | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A | 522,821 | 1,019 |
| * | Minmetals Development Co. Ltd. Class A (XSHG) | 922,286 | 1,019 |
| * | Guizhou Broadcasting & TV Information Network Co. Ltd. Class A | 748,600 | 1,019 |
| * | Ningxia Western Venture Industrial Co. Ltd. Class A | 1,478,651 | 1,017 |
| | Befar Group Co. Ltd. Class A (XSHG) | 1,479,242 | 1,017 |
| | Zhejiang Jiecang Linear Motion Technology Co. Ltd. Class A | 297,909 | 1,017 |
| | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A (XSHE) | 426,300 | 1,016 |
| | Sichuan EM Technology Co. Ltd. Class A (XSHG) | 698,750 | 1,015 |
| | Ningbo Shanshan Co. Ltd. Class A (XSHG) | 411,840 | 1,014 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhongfu Information Inc. Class A | 301,200 | 1,014 |
| | Luolai Lifestyle Technology Co. Ltd. Class A | 784,283 | 1,012 |
| | Jiangsu Jiangyin Rural Commercial Bank Co. Ltd. Class A | 1,984,439 | 1,011 |
| * | Hang Zhou Great Star Industrial Co. Ltd. Class A | 382,900 | 1,010 |
| | Norinco International Cooperation Ltd. Class A | 939,308 | 1,008 |
| * | Inner Mongolia Xingye Mining Co. Ltd. Class A (XSHE) | 1,276,772 | 1,007 |
| * | Ningxia Zhongyin Cashmere Co. Ltd. Class A | 4,093,100 | 1,006 |
| | Truking Technology Ltd. Class A (XSHE) | 435,300 | 1,003 |
| * | Pengxin International Mining Co. Ltd. Class A | 2,456,000 | 1,002 |
| | Bear Electric Appliance Co. Ltd. Class A | 127,600 | 1,002 |
| * | Beijing Thunisoft Corp. Ltd. Class A | 1,030,720 | 1,001 |
| | Guangdong Dowstone Technology Co. Ltd. Class A | 509,500 | 1,000 |
| | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. Class A (XSHG) | 799,750 | 1,000 |
| | FAWER Automotive Parts Co. Ltd. Class A | 1,597,545 | 999 |
| * | Shenzhen Invt Electric Co. Ltd. Class A | 844,252 | 999 |
| | Jiangsu Phoenix Publishing & Media Corp. Ltd. Class A (XSHG) | 1,002,301 | 998 |
| | HeiLongJiang ZBD Pharmaceutical Co. Ltd. Class A | 578,600 | 996 |
| * | Bestway Marine & Energy Technology Co. Ltd. Class A | 1,738,650 | 995 |
| | China Zhenhua Group Science & Technology Co. Ltd. Class A | 53,700 | 994 |
| | CITIC Heavy Industries Co. Ltd. Class A (XSHG) | 2,056,652 | 993 |
| | Jilin Sino-Microelectronics Co. Ltd. Class A | 1,034,310 | 988 |
| | Changjiang Securities Co. Ltd. Class A | 1,377,986 | 987 |
| | Jiangsu Hongdou Industrial Co. Ltd. Class A (XSHG) | 1,515,822 | 985 |
| | Zhejiang Wanma Co. Ltd. Class A (XSHG) | 793,972 | 985 |
| | Beyondsoft Corp. Class A | 638,200 | 984 |
| | Winall Hi-Tech Seed Co. Ltd. Class A (XSHE) | 485,550 | 984 |
| * | Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A (XSHE) | 649,037 | 983 |
| | Shandong Buchang Pharmaceuticals Co. Ltd. Class A | 373,422 | 983 |
| * | Guangshen Railway Co. Ltd. Class A (XSSC) | 3,727,334 | 981 |
| * | Yantai Zhenghai Magnetic Material Co. Ltd. Class A (XSHE) | 582,654 | 981 |
| | Maccura Biotechnology Co. Ltd. Class A | 366,530 | 980 |
| | Cangzhou Dahua Co. Ltd. Class A | 417,700 | 980 |
| | Zhejiang Huace Film & Television Co. Ltd. Class A | 1,700,924 | 979 |
| | Inspur Electronic Information Industry Co. Ltd. Class A | 310,040 | 979 |
| | Shenzhen Topraysolar Co. Ltd. Class A | 1,427,758 | 979 |
| | Yechiu Metal Recycling China Ltd. Class A | 2,176,400 | 978 |
| | ZhongMan Petroleum & Natural Gas Group Corp. Ltd. | 382,700 | 976 |
| | China National Medicines Corp. Ltd. Class A (XSHG) | 270,986 | 974 |
| * | Beijing Sinohytec Co. Ltd. Class A | 85,889 | 973 |
| | Shandong Hi-speed Co. Ltd. Class A | 1,290,554 | 972 |
| * | Qingdao Zhongzi Zhongcheng Group Co. Ltd. Class A | 723,006 | 972 |
| | Hunan Aihua Group Co. Ltd. Class A (XSHG) | 293,306 | 972 |
| | Valiant Co. Ltd. Class A (XSHE) | 510,250 | 971 |
| | Guangzhou Haige Communications Group Inc. Co. Class A | 835,700 | 969 |
| | Guangxi Guiguan Electric Power Co. Ltd. Class A (XSHG) | 1,128,790 | 969 |
| | Shenzhen Fortune Trend Technology Co. Ltd. Class A | 78,442 | 969 |
| * | Hengdian Entertainment Co. Ltd. Class A (XSHG) | 597,900 | 969 |
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Tiantie Industry Co. Ltd. Class A | 671,478 | 968 |
| * | Blivex Technology Co. Ltd. Class A | 4,172,796 | 967 |
| | Ningbo Yunsheng Co. Ltd. Class A (XSSC) | 708,831 | 966 |
| | Wushang Group Co. Ltd. Class A | 745,977 | 966 |
| | Wuhan Guide Infrared Co. Ltd. Class A | 604,563 | 964 |
| | Sino Wealth Electronic Ltd. Class A (XSHE) | 225,258 | 964 |
| | Guangdong Advertising Group Co. Ltd. Class A | 1,672,622 | 962 |
| | Wangsu Science & Technology Co. Ltd. Class A (XSHE) | 1,301,019 | 962 |
| | Sichuan Jiuyuan Yinhai Software Co. Ltd. Class A | 403,091 | 961 |
| | Hangxiao Steel Structure Co. Ltd. Class A (XSHG) | 1,786,435 | 959 |
| | Zhuzhou Times New Material Technology Co. Ltd. Class A | 802,800 | 958 |
| * | PNC Process Systems Co. Ltd. Class A | 178,300 | 958 |
| | Jiuzhitang Co. Ltd. Class A | 803,900 | 957 |
| | Shenzhen SC New Energy Technology Corp. Class A | 51,300 | 957 |
| | CQ Pharmaceutical Holding Co. Ltd. Class A (XSHE) | 1,366,500 | 957 |
| | China Southern Power Grid Energy Storage Co. Ltd. Class A | 477,927 | 957 |
| | Kuangda Technology Group Co. Ltd. Class A | 1,463,584 | 957 |
| | Hangzhou Sunrise Technology Co. Ltd. Class A | 524,066 | 955 |
| * | Baosheng Science & Technology Innovation Co. Ltd. Class A (XSSC) | 1,225,155 | 954 |
| | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class A (XSHE) | 489,180 | 953 |
| | Anhui Hengyuan Coal Industry & Electricity Power Co. Ltd. Class A (XSSC) | 885,031 | 952 |
| | Jiangsu Changhai Composite Materials Co. Ltd. Class A | 469,128 | 952 |
| | Chongqing Road & Bridge Co. Ltd. Class A | 1,338,000 | 951 |
| | Guizhou Chanhen Chemical Corp. Class A | 330,300 | 949 |
| * | Far East Smarter Energy Co. Ltd. Class A (XSHG) | 1,229,560 | 948 |
| | JSTI Group Class A | 1,199,857 | 947 |
| * | Hainan Development Holdings Nanhai Co. Ltd. Class A | 703,200 | 946 |
| | Huali Industrial Group Co. Ltd. Class A (XSHE) | 170,000 | 946 |
| | Cangzhou Mingzhu Plastic Co. Ltd. Class A | 1,498,197 | 946 |
| | Xinxiang Tuoxin Pharmaceutical Co. Ltd. Class A | 91,600 | 945 |
| | Xinjiang Communications Construction Group Co. Ltd. Class A | 576,600 | 944 |
| * | Shengda Resources Co. Ltd. Class A | 713,800 | 943 |
| | Xinhuanet Co. Ltd. Class A | 452,800 | 943 |
| | Qiming Information Technology Co. Ltd. Class A | 534,874 | 942 |
| * | Client Service International Inc. Class A | 432,967 | 942 |
| | Hangzhou Shunwang Technology Co. Ltd. Class A | 680,200 | 939 |
| | Sun Create Electronics Co. Ltd. Class A | 234,520 | 939 |
| | Qinghai Huzhu TianYouDe Highland Barley Spirit Co. Ltd. Class A | 525,800 | 937 |
| | China Resources Double Crane Pharmaceutical Co. Ltd. Class A | 380,251 | 936 |
| | Beijing Shougang Co. Ltd. Class A (XSHE) | 1,993,600 | 934 |
| | Hangzhou Haoyue Personal Care Co. Ltd. Class A | 163,895 | 934 |
| | Shenergy Co. Ltd. Class A (XSSC) | 1,292,291 | 933 |
| * | Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A (XSHE) | 684,944 | 933 |
| | Suofeiya Home Collection Co. Ltd. Class A | 486,978 | 933 |
| | Zhejiang Shuanghuan Driveline Co. Ltd. Class A | 239,080 | 931 |
| | Wuchan Zhongda Group Co. Ltd. Class A (XSHG) | 1,626,115 | 930 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Shenzhen Click Technology Co. Ltd. Class A | 420,000 | 930 |
| | Chengdu Leejun Industrial Co. Ltd. Class A | 1,022,161 | 929 |
| | Shanxi Securities Co. Ltd. Class A | 1,309,410 | 927 |
| | Guangdong Meiyan Jixiang Hydropower Co. Ltd. Class A | 2,581,100 | 927 |
| | Edifier Technology Co. Ltd. Class A | 835,300 | 927 |
| | Gan & Lee Pharmaceuticals Co. Ltd. Class A | 191,000 | 927 |
| | DBG Technology Co. Ltd. Class A | 709,280 | 926 |
| * | Yango Group Co. Ltd. Class A | 4,010,183 | 925 |
| | Jiangsu Guomao Reducer Co. Ltd. Class A | 345,492 | 925 |
| | Fangda Special Steel Technology Co. Ltd. Class A | 1,181,177 | 924 |
| | Guangdong Vanward New Electric Co. Ltd. Class A | 727,140 | 924 |
| | Guoyuan Securities Co. Ltd. Class A | 1,075,657 | 922 |
| | People.cn Co. Ltd. Class A | 703,681 | 921 |
| | Minmetals Capital Co. Ltd. Class A | 1,506,360 | 920 |
| | Jiangsu Asia-Pacific Light Alloy Technology Co. Ltd. Class A | 1,305,666 | 920 |
| | Anhui Huilong Agricultural Means of Production Co. Ltd. Class A | 830,450 | 919 |
| | Jinneng Holding Shanxi Coal Industry Co. Ltd. Class A (XSSC) | 497,400 | 918 |
| | Xinyu Iron & Steel Co. Ltd. Class A (XSHG) | 1,870,600 | 917 |
| * | Luoniushan Co. Ltd. Class A (XSHE) | 1,057,707 | 915 |
| | Changzhou Qianhong Biopharma Co. Ltd. Class A (XSHE) | 1,146,300 | 915 |
| | Jinyu Bio-Technology Co. Ltd. Class A (XSSC) | 803,254 | 914 |
| | Shanghai Huayi Group Co. Ltd. Class A (XSHG) | 1,096,976 | 913 |
| * | Cambricon Technologies Corp. Ltd. Class A | 101,642 | 913 |
| | Zhejiang Guyuelongshan Shaoxing Wine Co. Ltd. Class A (XSHG) | 764,190 | 912 |
| | Caitong Securities Co. Ltd. Class A (XSHG) | 929,500 | 912 |
| | China XD Electric Co. Ltd. Class A (XSHG) | 1,531,400 | 910 |
| | Sinosoft Co. Ltd. Class A | 214,340 | 910 |
| | Jiangsu Changshu Rural Commercial Bank Co. Ltd. Class A | 944,900 | 908 |
| | Shenzhen Microgate Technology Co. Ltd. Class A | 822,600 | 908 |
| | Shanghai Jin Jiang Online Network Service Co. Ltd. | 1,448,425 | 907 |
| * | Shandong Xinchao Energy Corp. Ltd. Class A (XSSC) | 2,802,816 | 906 |
| | Suning Universal Co. Ltd. Class A (XSHE) | 2,183,210 | 905 |
| | Shenma Industry Co. Ltd. Class A | 939,904 | 904 |
| | Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A | 214,433 | 902 |
| | Eastcompeace Technology Co. Ltd. Class A | 460,242 | 901 |
| | Shanghai Kaibao Pharmaceutical Co. Ltd. Class A | 1,150,408 | 900 |
| | Wanxiang Qianchao Co. Ltd. Class A (XSHE) | 1,320,379 | 899 |
| | CTS International Logistics Corp. Ltd. Class A (XSHG) | 586,282 | 898 |
| | Eternal Asia Supply Chain Management Ltd. Class A | 1,250,700 | 897 |
| * | Xinhu Zhongbao Co. Ltd. Class A (XSHG) | 2,611,000 | 897 |
| | 360 Security Technology Inc. Class A (XSHG) | 923,000 | 897 |
| * | New Guomai Digital Culture Co. Ltd. Class A | 733,200 | 896 |
| | Telling Telecommunication Holding Co. Ltd. Class A | 737,100 | 895 |
| | Jiangxi Wannianqing Cement Co. Ltd. Class A | 828,724 | 895 |
| * | Toread Holdings Group Co. Ltd. Class A | 884,800 | 895 |
| | Sichuan Jiuzhou Electric Co. Ltd. Class A | 817,200 | 894 |
| | Nanjing Hanrui Cobalt Co. Ltd. Class A (XSHE) | 162,400 | 893 |
| * | Jiangsu Guoxin Corp. Ltd. Class A | 1,130,100 | 892 |
| | China Railway Signal & Communication Corp. Ltd. Class A | 1,435,734 | 892 |
| | | | | | Shares | Market
Value•
($000) |
| * | Jinke Properties Group Co. Ltd. Class A (XSHE) | 3,657,625 | 891 |
| * | YaGuang Technology Group Co. Ltd. | 1,047,200 | 889 |
| | Huagong Tech Co. Ltd. Class A | 385,000 | 888 |
| | Xinjiang Joinworld Co. Ltd. Class A (XSSC) | 799,308 | 888 |
| | Espressif Systems Shanghai Co. Ltd. Class A | 75,282 | 888 |
| | Hebei Yangyuan Zhihui Beverage Co. Ltd. Class A | 352,352 | 887 |
| | Shanghai Jahwa United Co. Ltd. Class A (XSHG) | 232,700 | 887 |
| | Tangshan Jidong Cement Co. Ltd. Class A (XSHE) | 851,877 | 887 |
| | Beijing Kingsoft Office Software Inc. Class A | 22,199 | 887 |
| | Zhejiang Gongdong Medical Technology Co. Ltd. Class A | 60,300 | 886 |
| * | Baotailong New Materials Co. Ltd. Class A | 1,890,100 | 885 |
| | Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A (XSHE) | 440,350 | 882 |
| | Yantai Dongcheng Pharmaceutical Co. Ltd. Class A | 369,361 | 880 |
| | Qingdao Eastsoft Communication Technology Co. Ltd. Class A | 475,500 | 880 |
| * | Tunghsu Optoelectronic Technology Co. Ltd. Class A (XSHE) | 3,465,608 | 880 |
| | Guangzhou Restaurant Group Co. Ltd. Class A (XSHG) | 315,241 | 880 |
| | Wuxi Boton Technology Co. Ltd. Class A | 480,204 | 879 |
| | Loncin Motor Co. Ltd. Class A (XSSC) | 1,237,500 | 878 |
| * | Lingyi iTech Guangdong Co. Class A | 1,352,100 | 877 |
| | Sichuan Hexie Shuangma Co. Ltd. Class A | 316,512 | 876 |
| | Edan Instruments Inc. Class A | 517,400 | 876 |
| | Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A | 98,084 | 875 |
| * | Insigma Technology Co. Ltd. Class A | 1,008,500 | 874 |
| | Sichuan Teway Food Group Co. Ltd. Class A | 226,750 | 873 |
| | Henan Zhongyuan Expressway Co. Ltd. Class A | 2,397,600 | 873 |
| | Beijing Yanjing Brewery Co. Ltd. Class A | 744,900 | 872 |
| | Yealink Network Technology Corp. Ltd. Class A | 92,159 | 872 |
| | Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd. Class A (XSHG) | 234,200 | 872 |
| | Zhejiang Runtu Co. Ltd. Class A | 868,351 | 872 |
| | Zhejiang Hisun Pharmaceutical Co. Ltd. Class A (XSHG) | 591,700 | 870 |
| * | Tellhow Sci-Tech Co. Ltd. Class A | 983,884 | 870 |
| | JL Mag Rare-Earth Co. Ltd. Class A (XSHE) | 204,800 | 869 |
| | Jenkem Technology Co. Ltd. Class A (XSHG) | 38,565 | 868 |
| | Shanghai Zijiang Enterprise Group Co. Ltd. Class A | 1,265,015 | 866 |
| | Shaanxi Construction Engineering Group Corp. Ltd. Class A | 1,539,035 | 866 |
| * | Shenzhen Everwin Precision Technology Co. Ltd. Class A | 534,933 | 865 |
| | Skyworth Digital Co. Ltd. Class A (XSHE) | 423,200 | 865 |
| | Shenzhen Expressway Corp. Ltd. (XSHG) | 768,900 | 864 |
| | Luxin Venture Capital Group Co. Ltd. Class A (XSHG) | 532,800 | 864 |
| * | Shenzhen Zhengtong Electronics Co. Ltd. Class A | 587,200 | 864 |
| * | Shanghai Runda Medical Technology Co. Ltd. Class A | 580,320 | 864 |
| | Changzhou Xingyu Automotive Lighting Systems Co. Ltd. Class A | 51,401 | 863 |
| | Beijing eGOVA Co. Ltd. Class A (XSEC) | 312,103 | 863 |
| * | Yunnan Lincang Xinyuan Germanium Industrial Co. Ltd. Class A | 626,595 | 862 |
| | Ningxia Jiaze New Energy Co. Ltd. Class A | 1,633,000 | 862 |
| | Shantui Construction Machinery Co. Ltd. Class A | 1,528,135 | 862 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Guangdong Tapai Group Co. Ltd. Class A (XSHE) | 931,036 | 861 |
| * | Polaris Bay Group Co. Ltd. Class A (XSHG) | 916,098 | 860 |
| * | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A (XSHE) | 999,275 | 859 |
| * | Innuovo Technology Co. Ltd. Class A (XSHE) | 960,755 | 858 |
| * | Talkweb Information System Co. Ltd. Class A (XSHE) | 844,649 | 858 |
| | Shandong Dawn Polymer Co. Ltd. Class A | 359,200 | 857 |
| | City Development Environment Co. Ltd. | 654,680 | 855 |
| | Hunan TV & Broadcast Intermediary Co. Ltd. Class A | 1,329,500 | 855 |
| | Shanghai Shibei Hi-Tech Co. Ltd. Class A | 1,294,230 | 855 |
| | Ningbo Huaxiang Electronic Co. Ltd. Class A | 439,100 | 854 |
| * | Henan Ancai Hi-Tech Co. Ltd. Class A | 1,024,750 | 854 |
| | Guangzhou Port Co. Ltd. Class A | 2,060,800 | 854 |
| *,3 | MCC Meili Cloud Computing Industry Investment Co. Ltd. Class A | 672,428 | 853 |
| | Zhejiang Hailide New Material Co. Ltd. Class A | 1,186,917 | 853 |
| * | Anhui Tatfook Technology Co. Ltd. Class A | 741,800 | 850 |
| | Anhui Expressway Co. Ltd. Class A | 920,500 | 849 |
| * | Gohigh Networks Co. Ltd. Class A | 1,148,740 | 848 |
| * | Beijing VRV Software Corp. Ltd. Class A (XSHE) | 1,292,200 | 847 |
| | Guangzhou Kingmed Diagnostics Group Co. Ltd. Class A | 81,900 | 846 |
| | Hisense Home Appliances Group Co. Ltd. Class A (XSEC) | 574,900 | 845 |
| | Stanley Agricultural Group Co. Ltd. Class A | 1,085,928 | 845 |
| | Beijing GeoEnviron Engineering & Technology Inc. Class A | 658,356 | 844 |
| | Anhui Sierte Fertilizer Industry Ltd. Co. Class A | 798,125 | 843 |
| | Jinxi Axle Co. Ltd. Class A | 1,657,200 | 842 |
| | Zhejiang Hangmin Co. Ltd. Class A (XSHG) | 870,745 | 842 |
| | Shenzhen Gas Corp. Ltd. Class A (XSHG) | 939,116 | 841 |
| | Wuhan Fingu Electronic Technology Co. Ltd. Class A | 641,863 | 841 |
| * | Henan Hengxing Science & Technology Co. Ltd. Class A | 1,425,295 | 840 |
| | Jinduicheng Molybdenum Co. Ltd. Class A (XSHG) | 731,500 | 840 |
| | Huaming Power Equipment Co. Ltd. Class A | 758,043 | 838 |
| | Sichuan Anning Iron & Titanium Co. Ltd. Class A | 182,413 | 837 |
| | Luyang Energy-Saving Materials Co. Ltd. (XSHE) | 305,671 | 836 |
| | Jiangsu Changqing Agrochemical Co. Ltd. Class A | 862,109 | 836 |
| | Shenzhen Suntak Circuit Technology Co. Ltd. Class A | 572,400 | 835 |
| | Zhejiang Hisun Pharmaceutical Co. Ltd. Class A (XSSC) | 568,100 | 835 |
| | Guangdong Aofei Data Technology Co. Ltd. Class A | 653,257 | 835 |
| | Zhejiang Dingli Machinery Co. Ltd. Class A (XSHG) | 134,848 | 832 |
| | Southwest Securities Co. Ltd. Class A (XSHG) | 1,636,906 | 831 |
| | Huangshan Novel Co. Ltd. Class A | 769,699 | 831 |
| | Xizi Clean Energy Equipment Manufacturing Co. Ltd. Class A | 348,018 | 830 |
| * | Fujian Snowman Co. Ltd. Class A | 724,468 | 830 |
| | Lushang Health Industry Development Co. Ltd. Class A | 925,879 | 828 |
| | Jack Technology Co. Ltd. Class A | 309,475 | 828 |
| * | OFILM Group Co. Ltd. Class A | 1,288,200 | 827 |
| | Ligao Foods Co. Ltd. Class A (XSHE) | 81,320 | 823 |
| | Shanghai Mechanical & Electrical Industry Co. Ltd. Class A (XSHG) | 524,750 | 822 |
| | Autobio Diagnostics Co. Ltd. Class A (XSHG) | 80,470 | 822 |
| | | | | | Shares | Market
Value•
($000) |
| | Anhui Xinhua Media Co. Ltd. Class A | 1,299,982 | 822 |
| | Longhua Technology Group Luoyang Co. Ltd. Class A | 864,300 | 821 |
| * | Shuangliang Eco-Energy Systems Co. Ltd. Class A (XSHG) | 412,005 | 820 |
| | BBMG Corp. Class A (XSHG) | 2,563,314 | 820 |
| | Suzhou Anjie Technology Co. Ltd. Class A (XSHE) | 462,649 | 820 |
| | Shanghai Baosteel Packaging Co. Ltd. Class A | 894,100 | 820 |
| * | Juneyao Airlines Co. Ltd. Class A | 435,330 | 817 |
| | Sansteel Minguang Co. Ltd. Fujian Class A (XSHE) | 1,418,556 | 817 |
| * | Shenzhen Das Intellitech Co. Ltd. Class A (XSHE) | 1,832,196 | 817 |
| | Nanjing Securities Co. Ltd. Class A (XSHG) | 751,560 | 817 |
| | Renhe Pharmacy Co. Ltd. Class A (XSHE) | 941,747 | 816 |
| | China Union Holdings Ltd. Class A | 1,594,400 | 816 |
| | Sumavision Technologies Co. Ltd. Class A (XSHE) | 1,200,500 | 816 |
| | Sealand Securities Co. Ltd. Class A | 1,828,130 | 815 |
| | CGN Nuclear Technology Development Co. Ltd. Class A (XSHE) | 809,829 | 814 |
| | Wangsu Science & Technology Co. Ltd. Class A | 1,098,938 | 813 |
| | Hangjin Technology Co. Ltd. Class A (XSHE) | 202,350 | 812 |
| | Beijing Aosaikang Pharmaceutical Co. Ltd. Class A | 729,946 | 812 |
| * | INKON Life Technology Co. Ltd. Class A | 587,200 | 811 |
| | Shenzhen Jinjia Group Co. Ltd. Class A (XSHE) | 821,000 | 810 |
| | Chengdu Kanghong Pharmaceutical Group Co. Ltd. Class A | 334,750 | 810 |
| | AECC Aero-Engine Control Co. Ltd. Class A (XSHE) | 196,500 | 809 |
| * | Beijing Global Safety Technology Co. Ltd. Class A | 250,939 | 808 |
| | Shanghai Bailian Group Co. Ltd. Class A (XSHG) | 582,700 | 806 |
| * | Guosheng Financial Holding Inc. Class A | 782,219 | 803 |
| | Lu Thai Textile Co. Ltd. Class B | 1,343,093 | 801 |
| | Shandong Humon Smelting Co. Ltd. Class A | 629,700 | 800 |
| | North Electro-Optic Co. Ltd. Class A | 494,561 | 800 |
| | Yijiahe Technology Co. Ltd. Class A | 167,000 | 800 |
| 2 | Yuzhou Group Holdings Co. Ltd. | 30,691,570 | 799 |
| * | China Fortune Land Development Co. Ltd. Class A (XSSC) | 2,655,465 | 799 |
| | Luenmei Quantum Co. Ltd. Class A (XSHG) | 934,180 | 798 |
| * | Guoguang Electric Co. Ltd. Class A | 480,600 | 798 |
| * | Greenland Holdings Corp. Ltd. Class A | 2,211,132 | 796 |
| | Shandong Hi-speed Co. Ltd. Class A (XSHG) | 1,057,400 | 796 |
| | Black Peony Group Co. Ltd. Class A | 806,287 | 796 |
| * | Visionox Technology Inc. Class A (XSHE) | 980,850 | 795 |
| * | Jiajiayue Group Co. Ltd. Class A | 603,492 | 795 |
| | Autel Intelligent Technology Corp. Ltd. Class A | 145,673 | 794 |
| | Foshan Electrical & Lighting Co. Ltd. Class B | 2,535,261 | 791 |
| | Guangdong Guanhao High-Tech Co. Ltd. Class A | 1,698,100 | 790 |
| * | RiseSun Real Estate Development Co. Ltd. Class A (XSHE) | 2,871,785 | 789 |
| | Zhejiang Meida Industrial Co. Ltd. Class A (XSEC) | 572,800 | 789 |
| | Beijing Ctrowell Technology Corp. Ltd. Class A | 692,300 | 789 |
| * | Beijing Join-Cheer Software Co. Ltd. Class A | 774,680 | 788 |
| | Shandong Sunway Chemical Group Co. Ltd. Class A | 880,300 | 788 |
| | Long Yuan Construction Group Co. Ltd. Class A (XSSC) | 1,061,024 | 787 |
| * | Zhuhai Orbita Aerospace Science & Technology Co. Ltd. Class A | 754,808 | 786 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Fujian Qingshan Paper Industry Co. Ltd. Class A | 2,584,790 | 785 |
| * | Jiangxi Zhengbang Technology Co. Ltd. Class A | 1,634,398 | 784 |
| * | Henan Yuneng Holdings Co. Ltd. Class A | 1,133,000 | 784 |
| | Chow Tai Seng Jewellery Co. Ltd. Class A | 515,325 | 782 |
| | Hubei Biocause Pharmaceutical Co. Ltd. Class A | 1,977,200 | 781 |
| * | Datang Huayin Electric Power Co. Ltd. Class A | 1,392,000 | 781 |
| | Hunan Gold Corp. Ltd. Class A | 429,800 | 780 |
| * | Pacific Securities Co. Ltd. Class A (XSHG) | 2,246,635 | 780 |
| * | YanTai Shuangta Food Co. Ltd. Class A (XSHE) | 1,051,000 | 780 |
| | Sino GeoPhysical Co. Ltd. Class A | 319,165 | 780 |
| | Beijing Sanlian Hope Shin-Gosen Technical Service Co. Ltd. Class A | 345,642 | 779 |
| | Shandong Huatai Paper Industry Shareholding Co. Ltd. Class A | 1,135,592 | 778 |
| | Shanghai Ganglian E-Commerce Holdings Co. Ltd. Class A | 289,694 | 778 |
| | Beijing Urban Construction Investment & Development Co. Ltd. Class A (XSHG) | 1,706,976 | 777 |
| * | Zhewen Interactive Group Co. Ltd. Class A | 1,219,700 | 777 |
| | Grandblue Environment Co. Ltd. Class A (XSHG) | 316,000 | 776 |
| | Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd. Class A | 1,120,686 | 776 |
| | Xinjiang Zhongtai Chemical Co. Ltd. Class A (XSHE) | 961,315 | 775 |
| | Gansu Shangfeng Cement Co. Ltd. Class A | 564,480 | 775 |
| | Chengdu Hongqi Chain Co. Ltd. Class A | 1,222,800 | 774 |
| | Chongqing Three Gorges Water Conservancy & Electric Power Co. Ltd. Class A | 709,758 | 773 |
| | Jafron Biomedical Co. Ltd. Class A | 177,470 | 771 |
| | DeHua TB New Decoration Materials Co. Ltd. Class A | 760,550 | 771 |
| * | Shenzhen Everwin Precision Technology Co. Ltd. Class A (XSHE) | 476,479 | 771 |
| | Guangdong Topstar Technology Co. Ltd. Class A | 356,240 | 770 |
| | Changchun Faway Automobile Components Co. Ltd. Class A | 660,868 | 770 |
| | Shanghai Jinfeng Wine Co. Ltd. Class A | 986,045 | 769 |
| | Zhejiang Crystal-Optech Co. Ltd. Class A | 464,298 | 768 |
| | DongFeng Automobile Co. Ltd. Class A | 1,021,612 | 767 |
| * | Gosuncn Technology Group Co. Ltd. Class A | 1,697,592 | 766 |
| | Financial Street Holdings Co. Ltd. Class A | 1,203,460 | 765 |
| | Shanghai Construction Group Co. Ltd. Class A (XSHG) | 2,169,991 | 765 |
| | Guilin Sanjin Pharmaceutical Co. Ltd. Class A | 385,200 | 765 |
| | Shanghai Kinetic Medical Co. Ltd. Class A | 707,843 | 765 |
| | Tianjin Teda Co. Ltd. Class A | 1,439,243 | 764 |
| | Nanjing Pharmaceutical Co. Ltd. Class A | 1,083,262 | 764 |
| * | Mesnac Co. Ltd. Class A | 860,489 | 761 |
| * | Shenzhen MTC Co. Ltd. Class A | 1,603,800 | 760 |
| | Shandong New Beiyang Information Technology Co. Ltd. Class A | 721,300 | 760 |
| * | Jinzhou Jixiang Molybdenum Co. Ltd. Class A | 380,789 | 760 |
| | Gansu Yasheng Industrial Group Co. Ltd. Class A | 1,840,800 | 759 |
| * | Focused Photonics Hangzhou Inc. Class A (XSHE) | 143,400 | 759 |
| | Northeast Pharmaceutical Group Co. Ltd. Class A | 1,064,270 | 758 |
| | Shandong Lukang Pharma Class A | 867,190 | 758 |
| | Zhuhai Port Co. Ltd. Class A | 1,050,000 | 758 |
| * | Royal Group Co. Ltd. Class A | 810,478 | 757 |
| | Hangzhou Weiguang Electronic Co. Ltd. Class A | 202,020 | 757 |
| | | | | | Shares | Market
Value•
($000) |
| | Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A | 642,481 | 757 |
| * | Hengbao Co. Ltd. Class A | 671,300 | 756 |
| | Guangdong Guanghua Sci-Tech Co. Ltd. Class A | 315,542 | 756 |
| *,3 | Liaoning Energy Industry Co. Ltd. | 1,472,900 | 755 |
| | Changjiang Publishing & Media Co. Ltd. Class A | 1,099,100 | 755 |
| | Triangle Tyre Co. Ltd. Class A | 455,000 | 755 |
| * | Hainan Haiyao Co. Ltd. Class A | 1,301,400 | 754 |
| | Shanghai SMI Holding Co. Ltd. Class A (XSHG) | 1,545,945 | 754 |
| | Newcapec Electronics Co. Ltd. Class A | 488,335 | 754 |
| * | Greatoo Intelligent Equipment Inc. | 2,052,300 | 753 |
| * | Wellhope Foods Co. Ltd. Class A | 482,801 | 752 |
| * | Leo Group Co. Ltd. Class A (XSHE) | 3,199,811 | 752 |
| | Zhongyuan Environment-Protection Co. Ltd. Class A | 923,568 | 751 |
| | Xinhua Winshare Publishing & Media Co. Ltd. Class A (XSSC) | 582,670 | 749 |
| | Hubei Jumpcan Pharmaceutical Co. Ltd. Class A (XSHG) | 167,500 | 749 |
| * | Hainan Haiqi Transportation Group Co. Ltd. Class A | 264,700 | 749 |
| | Offshore Oil Engineering Co. Ltd. Class A (XSHG) | 1,162,500 | 748 |
| | Shenzhen Laibao Hi-tech Co. Ltd. Class A | 702,487 | 748 |
| | Liuzhou Iron & Steel Co. Ltd. Class A | 1,612,600 | 748 |
| | Hisense Visual Technology Co. Ltd. Class A (XSSC) | 450,162 | 747 |
| | State Grid Yingda Co. Ltd. Class A (XSSC) | 1,131,046 | 747 |
| | Sinosteel Engineering & Technology Co. Ltd. Class A | 1,040,200 | 747 |
| * | Hand Enterprise Solutions Co. Ltd. Class A | 607,000 | 746 |
| | Yunnan Tin Co. Ltd. Class A (XSHE) | 476,300 | 744 |
| * | Jointo Energy Investment Co. Ltd. Hebei Class A (XSHE) | 1,058,144 | 744 |
| | Eternal Asia Supply Chain Management Ltd. Class A (XSHE) | 1,037,500 | 744 |
| | CMST Development Co. Ltd. Class A | 1,180,131 | 743 |
| * | Hiconics Eco-energy Technology Co. Ltd. Class A | 1,066,400 | 743 |
| * | QuantumCTek Co. Ltd. Class A | 48,132 | 743 |
| * | Chongqing Iron & Steel Co. Ltd. Class A | 3,550,536 | 742 |
| | Shenzhen Agricultural Products Group Co. Ltd. Class A (XSHE) | 1,056,629 | 742 |
| | Shenzhen Goodix Technology Co. Ltd. Class A (XSHG) | 111,347 | 742 |
| | Hongrun Construction Group Co. Ltd. Class A | 1,089,346 | 740 |
| | Three's Co. Media Group Co. Ltd. Class A | 77,436 | 740 |
| *,3 | Kaisa Group Holdings Ltd. | 34,138,886 | 739 |
| | Guomai Technologies Inc. Class A (XSHE) | 680,179 | 739 |
| * | Beijing Bohui Innovation Biotechnology Group Co. Ltd. Class A | 865,369 | 739 |
| | Shenzhen Centralcon Investment Holding Co. Ltd. Class A | 753,044 | 738 |
| | Jiangsu Rainbow Heavy Industries Co. Ltd. Class A | 933,236 | 738 |
| * | Beijing Urban-Rural Commercial Group Co. Ltd. Class A | 300,848 | 737 |
| | Xiamen Port Development Co. Ltd. Class A | 739,716 | 737 |
| | Zhejiang Starry Pharmaceutical Co. Ltd. Class A | 308,140 | 736 |
| | Wuhan Keqian Biology Co. Ltd. Class A | 222,593 | 736 |
| | Beijing Capital Eco-Environment Protection Group Co. Ltd. Class A (XSHG) | 1,937,520 | 734 |
| * | Shenzhen Deren Electronic Co. Ltd. Class A | 561,151 | 734 |
| * | Shanghai Hile Bio-Technology Co. Ltd. Class A | 539,541 | 733 |
| | Fortune Ng Fung Food Hebei Co. Ltd. Class A | 930,674 | 732 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Beijing Science Sun Pharmaceutical Co. Ltd. Class A | 453,922 | 732 |
| | Shanghai Highly Group Co. Ltd. Class B | 1,595,207 | 731 |
| | Huapont Life Sciences Co. Ltd. Class A | 1,014,901 | 731 |
| * | Mianyang Fulin Precision Co. Ltd. | 378,200 | 731 |
| | Beijing SDL Technology Co. Ltd. Class A | 660,800 | 730 |
| * | Hunan Er-Kang Pharmaceutical Co. Ltd. Class A | 1,676,979 | 730 |
| | Guizhou Tyre Co. Ltd. Class A | 1,253,971 | 729 |
| * | Kuang-Chi Technologies Co. Ltd. Class A | 306,600 | 728 |
| | Hubei Chutian Smart Communication Co. Ltd. Class A | 1,737,600 | 728 |
| | Changjiang & Jinggong Steel Building Group Co. Ltd. Class A (XSSC) | 1,281,797 | 728 |
| | Zhejiang Medicine Co. Ltd. Class A (XSEC) | 463,550 | 727 |
| | Weihai Guangtai Airport Equipment Co. Ltd. Class A | 527,943 | 727 |
| | Tongkun Group Co. Ltd. Class A (XSHG) | 437,100 | 727 |
| * | Advanced Technology & Materials Co. Ltd. Class A | 659,300 | 725 |
| | Hengdian Group DMEGC Magnetics Co. Ltd. Class A | 298,300 | 725 |
| | Orient International Enterprise Ltd. Class A | 757,400 | 725 |
| | Xinzhi Group Co. Ltd. Class A | 382,400 | 725 |
| | Nanjing Quanxin Cable Technology Co. Ltd. Class A | 295,630 | 725 |
| | Tianma Microelectronics Co. Ltd. Class A | 596,600 | 724 |
| * | Shenzhen Center Power Tech Co. Ltd. Class A (XSHE) | 281,850 | 723 |
| | Inmyshow Digital Technology Group Co. Ltd. | 877,257 | 723 |
| | WUS Printed Circuit Kunshan Co. Ltd. Class A | 482,790 | 720 |
| | Anyang Iron & Steel Inc. Class A | 2,716,980 | 720 |
| | Jinzhou Port Co. Ltd. Class B | 2,857,215 | 719 |
| * | Beijing UniStrong Science & Technology Co. Ltd. Class A | 758,400 | 719 |
| | Guangxi LiuYao Group Co. Ltd. Class A (XSHG) | 292,566 | 719 |
| | China Oil HBP Science & Technology Co. Ltd. Class A | 1,445,600 | 717 |
| | Jiangsu Nata Opto-electronic Material Co. Ltd. Class A (XSHE) | 159,900 | 717 |
| | Qingdao East Steel Tower Stock Co. Ltd. Class A | 652,400 | 717 |
| * | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A (XSHE) | 1,220,832 | 716 |
| * | Sinodata Co. Ltd. Class A | 329,635 | 716 |
| | Xinjiang Xuefeng Sci-Tech Group Co. Ltd. Class A | 649,200 | 716 |
| | Shenzhen Kinwong Electronic Co. Ltd. Class A (XSHG) | 256,784 | 716 |
| | Guangdong HEC Technology Holding Co. Ltd. Class A | 560,960 | 715 |
| | Zhejiang Yongtai Technology Co. Ltd. Class A | 238,187 | 715 |
| | Motic Xiamen Electric Group Co. Ltd. Class A | 486,429 | 714 |
| * | Shenzhen Infinova Ltd. Class A | 1,076,307 | 713 |
| | Anhui Heli Co. Ltd. Class A (XSSC) | 382,675 | 713 |
| * | Hongli Zhihui Group Co. Ltd. Class A | 716,500 | 713 |
| * | CSG Smart Science&Technology Co. Ltd. Class A | 756,395 | 712 |
| * | Taiyuan Heavy Industry Co. Ltd. Class A (XSSC) | 2,206,513 | 711 |
| | Shenzhen Fuanna Bedding & Furnishing Co. Ltd. Class A | 784,540 | 709 |
| * | Greattown Holdings Ltd. Class A (XSHG) | 1,641,600 | 708 |
| * | Shaanxi Fenghuo Electronics Co. Ltd. Class A | 634,029 | 708 |
| * | Ningbo Joyson Electronic Corp. Class A | 335,840 | 707 |
| | Xinxiang Chemical Fiber Co. Ltd. Class A | 1,663,349 | 707 |
| | Jiangsu Changbao Steeltube Co. Ltd. Class A | 816,700 | 707 |
| | Shenzhen Heungkong Holding Co. Ltd. Class A (XSSC) | 3,067,468 | 706 |
| | | | | | Shares | Market
Value•
($000) |
| * | Saurer Intelligent Technology Co. Ltd. Class A | 1,774,600 | 705 |
| * | Blue Sail Medical Co. Ltd. Class A (XSHE) | 625,000 | 705 |
| | Shanghai Yaoji Technology Co. Ltd. Class A | 386,659 | 705 |
| | Jin Tong Ling Technology Group Co. Ltd. Class A | 1,321,100 | 705 |
| | Guangzhou Hengyun Enterprises Holdings Ltd. Class A | 821,731 | 704 |
| * | Staidson Beijing Biopharmaceuticals Co. Ltd. Class A | 474,719 | 703 |
| | Hexing Electrical Co. Ltd. Class A | 291,668 | 702 |
| | Kunlun Tech Co. Ltd. Class A (XSHE) | 392,631 | 702 |
| | Newland Digital Technology Co. Ltd. Class A | 371,178 | 701 |
| | Guangdong Shaoneng Group Co. Ltd. Class A | 1,112,040 | 701 |
| * | Phenix Optical Co. Ltd. Class A | 275,600 | 701 |
| | Huapont Life Sciences Co. Ltd. Class A (XSHE) | 971,200 | 699 |
| | Shandong Humon Smelting Co. Ltd. Class A (XSHE) | 550,100 | 699 |
| | AVICOPTER plc Class A (XSHG) | 115,800 | 698 |
| | Jiangsu Lianyungang Port Co. Ltd. Class A | 1,211,925 | 698 |
| | Hanwei Electronics Group Corp. Class A | 274,002 | 698 |
| | Jangho Group Co. Ltd. Class A (XSSC) | 616,507 | 696 |
| | Contec Medical Systems Co. Ltd. Class A | 211,100 | 696 |
| * | Beijing Watertek Information Technology Co. Ltd. Class A | 1,600,000 | 695 |
| * | Far East Smarter Energy Co. Ltd. Class A (XSSC) | 901,200 | 695 |
| * | China Nonferrous Metal Industry's Foreign Engineering & Construction Co. Ltd. Class A (XSHE) | 1,132,500 | 694 |
| | Solareast Holdings Co. Ltd. Class A | 775,159 | 694 |
| | Shanghai AtHub Co. Ltd. Class A (XSHG) | 194,320 | 694 |
| | Kunming Yunnei Power Co. Ltd. Class A | 1,904,354 | 693 |
| | Chongqing Zaisheng Technology Corp. Ltd. Class A | 971,936 | 693 |
| | Ningbo Huaxiang Electronic Co. Ltd. Class A (XSHE) | 354,700 | 690 |
| * | Beijing Orient National Communication Science & Technology Co. Ltd. Class A | 574,927 | 689 |
| | DHC Software Co. Ltd. Class A | 813,800 | 689 |
| | Yankuang Energy Group Co. Ltd. Class A (XSHG) | 123,865 | 689 |
| | China International Marine Containers Group Co. Ltd. Class A (XSHE) | 755,160 | 688 |
| * | 263 Network Communications Co. Ltd. Class A (XSHE) | 1,156,660 | 686 |
| | Hubei Biocause Pharmaceutical Co. Ltd. Class A (XSHE) | 1,733,900 | 685 |
| * | Xinjiang Ba Yi Iron & Steel Co. Ltd. Class A | 1,433,500 | 685 |
| * | Suzhou Electrical Apparatus Science Academy Co. Ltd. Class A | 884,800 | 685 |
| * | Shenzhen SDG Information Co. Ltd. Class A | 784,994 | 684 |
| | Youngor Group Co. Ltd. Class A (XSHG) | 832,608 | 683 |
| * | Sichuan Hongda Co. Ltd. Class A | 1,907,200 | 683 |
| | Dongjiang Environmental Co. Ltd. Class A | 946,666 | 682 |
| | Nanjing Hanrui Cobalt Co. Ltd. Class A | 123,800 | 681 |
| * | Sinopec Oilfield Service Corp. Class A (XSSC) | 2,703,200 | 681 |
| | Cachet Pharmaceutical Co. Ltd. Class A | 373,743 | 681 |
| | Jinneng Science&Technology Co. Ltd. Class A (XSHG) | 553,455 | 681 |
| * | Beijing Centergate Technologies Holding Co. Ltd. Class A | 773,948 | 680 |
| | China Merchants Port Group Co. Ltd. Class A | 356,900 | 680 |
| | Sanchuan Wisdom Technology Co. Ltd. Class A | 967,300 | 679 |
| * | JinJian Cereals Industry Co. Ltd. Class A | 650,200 | 678 |
| * | Deppon Logistics Co. Ltd. Class A | 286,900 | 678 |
| | Pou Sheng International Holdings Ltd. | 13,448,000 | 677 |
| | Guangdong Goworld Co. Ltd. Class A | 521,444 | 677 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | China CYTS Tours Holding Co. Ltd. Class A (XSHG) | 458,000 | 677 |
| * | Montnets Cloud Technology Group Co. Ltd. Class A (XSHE) | 437,000 | 676 |
| | Yunnan Copper Co. Ltd. Class A (XSHE) | 447,200 | 675 |
| | Lingyuan Iron & Steel Co. Ltd. Class A | 2,397,170 | 675 |
| * | Whirlpool China Co. Ltd. Class A | 738,250 | 675 |
| * | Shenzhen Bauing Construction Holding Group Co. Ltd. Class A (XSHE) | 1,084,024 | 675 |
| * | Xi'an Tian He Defense Technology Co. Ltd. Class A | 475,200 | 674 |
| | Guodian Nanjing Automation Co. Ltd. Class A | 687,800 | 672 |
| * | CASIN Real Estate Development Group Co. Ltd. Class A | 1,059,201 | 671 |
| | Chongqing Zongshen Power Machinery Co. Ltd. Class A (XSHE) | 760,800 | 671 |
| | Guangdong Guanghong Holdings Co. Ltd. Class A | 720,203 | 671 |
| | Haining China Leather Market Co. Ltd. Class A | 1,252,410 | 671 |
| | Nanjing Iron & Steel Co. Ltd. Class A (XSHG) | 1,601,500 | 670 |
| | Jiangsu Linyang Energy Co. Ltd. Class A (XSHG) | 661,600 | 670 |
| * | Air China Ltd. Class A (XSSC) | 503,438 | 669 |
| * | Zhejiang Jingu Co. Ltd. Class A | 779,060 | 669 |
| | Jiangsu Sunshine Co. Ltd. Class A | 1,785,755 | 668 |
| | Anhui Genuine New Materials Co. Ltd. Class A | 452,620 | 668 |
| * | Jiangsu Lihua Animal Husbandry Stock Co. Ltd. Class A | 133,300 | 667 |
| | Shanxi Blue Flame Holding Co. Ltd. Class A | 577,896 | 666 |
| | Sinotrans Ltd. Class A (XSSC) | 1,367,100 | 666 |
| * | Wuxi Huadong Heavy Machinery Co. Ltd. Class A | 1,022,158 | 666 |
| *,2 | Times China Holdings Ltd. | 10,648,884 | 665 |
| * | Kingsignal Technology Co. Ltd. Class A | 620,360 | 665 |
| | People.cn Co. Ltd. Class A (XSHG) | 508,213 | 665 |
| | Qingdao Rural Commercial Bank Corp. Class A | 1,751,800 | 665 |
| | Time Publishing & Media Co. Ltd. Class A | 473,200 | 664 |
| | Shanghai Bailian Group Co. Ltd. Class A (XSSC) | 479,788 | 664 |
| | Zhongshan Broad Ocean Motor Co. Ltd. Class A (XSHE) | 893,700 | 663 |
| | Jiangsu Amer New Material Co. Ltd. Class A | 358,000 | 663 |
| * | Sinopec Oilfield Service Corp. Class H | 11,052,608 | 662 |
| | Shanghai Kelai Mechatronics Engineering Co. Ltd. Class A | 231,500 | 662 |
| | Henan Pinggao Electric Co. Ltd. Class A (XSSC) | 672,114 | 661 |
| | Shaanxi Construction Machinery Co. Ltd. Class A | 1,066,910 | 660 |
| | Beijing Sanyuan Foods Co. Ltd. Class A | 1,155,178 | 659 |
| | Fangda Special Steel Technology Co. Ltd. Class A (XSHG) | 842,878 | 659 |
| | Gansu Qilianshan Cement Group Co. Ltd. Class A | 497,350 | 658 |
| | Qinhuangdao Port Co. Ltd. Class A | 1,824,400 | 657 |
| | Huaan Securities Co. Ltd. Class A (XSSC) | 1,086,020 | 657 |
| * | Heilongjiang Interchina Water Treatment Co. Ltd. Class A | 1,993,124 | 657 |
| | Dongxing Securities Co. Ltd. Class A | 615,613 | 656 |
| | Tonghua Dongbao Pharmaceutical Co. Ltd. Class A (XSHG) | 541,421 | 656 |
| | COSCO SHIPPING Development Co. Ltd. Class A (XSHG) | 1,959,100 | 656 |
| | Puyang Refractories Group Co. Ltd. Class A | 1,231,481 | 656 |
| | Foshan Nationstar Optoelectronics Co. Ltd. Class A | 589,283 | 656 |
| * | Shunfa Hengye Corp. Class A (XSHE) | 1,413,801 | 654 |
| | Jiangsu Hongdou Industrial Co. Ltd. Class A (XSSC) | 1,008,153 | 654 |
| | | | | | Shares | Market
Value•
($000) |
| * | Leo Group Co. Ltd. Class A | 2,776,300 | 653 |
| * | Hunan Friendship & Apollo Commercial Co. Ltd. Class A | 1,433,100 | 653 |
| | Beijing GeoEnviron Engineering & Technology Inc. Class A (XSHG) | 509,184 | 653 |
| | AUCMA Co. Ltd. Class A | 881,301 | 652 |
| *,3 | Guangdong Chaohua Technology Co. Ltd. Class A | 850,488 | 652 |
| | Toly Bread Co. Ltd. Class A (XSHG) | 421,973 | 652 |
| | Daheng New Epoch Technology Inc. Class A | 376,900 | 651 |
| | Songz Automobile Air Conditioning Co. Ltd. Class A | 575,000 | 650 |
| | Shanghai Pharmaceuticals Holding Co. Ltd. Class A (XSSC) | 269,000 | 649 |
| | Henan Pinggao Electric Co. Ltd. Class A (XSHG) | 660,500 | 649 |
| * | Tongding Interconnection Information Co. Ltd. Class A (XSHE) | 858,300 | 649 |
| | Shanghai Bright Power Semiconductor Co. Ltd. Class A (XSHG) | 46,870 | 649 |
| | Shenzhen Properties & Resources Development Group Ltd. Class A | 511,552 | 647 |
| | Guangdong Shirongzhaoye Co. Ltd. Class A (XSHE) | 916,961 | 647 |
| | Beijing Aerospace Changfeng Co. Ltd. Class A | 431,387 | 646 |
| | Bank of China Ltd. Class A (XSHG) | 1,564,597 | 646 |
| * | Inspur Software Co. Ltd. Class A | 329,798 | 645 |
| * | Tangrenshen Group Co. Ltd. Class A (XSHE) | 666,950 | 645 |
| | Guangzhou Development Group Inc. Class A (XSSC) | 858,971 | 645 |
| | Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A | 209,380 | 644 |
| | Opple Lighting Co. Ltd. Class A | 298,600 | 644 |
| | Xinjiang Joinworld Co. Ltd. Class A (XSHG) | 580,008 | 644 |
| * | Jiangnan Mould & Plastic Technology Co. Ltd. Class A | 887,900 | 643 |
| * | Guangshen Railway Co. Ltd. Class A (XSHG) | 2,437,700 | 642 |
| | Wenfeng Great World Chain Development Corp. Class A (XSHG) | 1,864,700 | 642 |
| | Digiwin Software Co. Ltd. Class A | 272,194 | 642 |
| | Shanghai Maling Aquarius Co. Ltd. Class A | 695,898 | 641 |
| * | Anhui Sinonet & Xonglong Science & Technology Co. Ltd. Class A | 671,702 | 640 |
| | Shandong Xiantan Co. Ltd. Class A (XSHE) | 520,942 | 640 |
| | Shenzhen New Industries Biomedical Engineering Co. Ltd. Class A | 80,296 | 637 |
| | Guangzhou Guangri Stock Co. Ltd. Class A | 728,000 | 635 |
| | Hangzhou First Applied Material Co. Ltd. Class A | 71,680 | 634 |
| * | Xining Special Steel Co. Ltd. Class A | 1,512,200 | 634 |
| | North Huajin Chemical Industries Co. Ltd. Class A (XSHE) | 687,903 | 633 |
| | Laobaixing Pharmacy Chain JSC Class A (XSHG) | 131,261 | 633 |
| | Xiamen Comfort Science & Technology Group Co. Ltd. Class A | 564,300 | 632 |
| | Tibet Urban Development & Investment Co. Ltd. Class A (XSSC) | 267,344 | 631 |
| | M-Grass Ecology & Environment Group Co. Ltd. Class A | 1,463,420 | 630 |
| * | Kunwu Jiuding Investment Holdings Co. Ltd. Class A (XSHG) | 319,099 | 630 |
| | Zhejiang Yasha Decoration Co. Ltd. Class A (XSHE) | 1,071,760 | 630 |
| | Chongqing Port Co. Ltd. Class A | 1,210,600 | 629 |
| | Anker Innovations Technology Co. Ltd. Class A | 84,600 | 628 |
| | Zhejiang Communications Technology Co. Ltd. | 887,400 | 627 |
| | Sichuan Meifeng Chemical IND Class A | 591,151 | 626 |
| * | Hubei Broadcasting & Television Information Network Co. Ltd. Class A | 823,300 | 626 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | IReader Technology Co. Ltd. Class A (XSHG) | 319,400 | 626 |
| | CCS Supply Chain Management Co. Ltd. Class A | 853,540 | 626 |
| | Shenzhen Kaifa Technology Co. Ltd. Class A | 398,300 | 625 |
| * | Shenyang Jinbei Automotive Co. Ltd. Class A | 1,097,901 | 625 |
| | Lingyun Industrial Corp. Ltd. Class A (XSSC) | 569,692 | 624 |
| * | ChangjiangRunfa Health Industry Co. Ltd. Class A | 1,006,830 | 623 |
| * | Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A (XSHE) | 681,807 | 622 |
| | Anhui Heli Co. Ltd. Class A (XSHG) | 333,240 | 621 |
| | AVIC Industry-Finance Holdings Co. Ltd. Class A (XSHG) | 1,493,800 | 621 |
| | Guangxi Yuegui Guangye Holding Co. Ltd. Class A | 719,556 | 621 |
| * | Infund Holding Co. Ltd. | 1,027,334 | 621 |
| * | Holitech Technology Co. Ltd. Class A (XSHE) | 1,706,396 | 621 |
| | China Publishing & Media Co. Ltd. Class A | 1,075,300 | 621 |
| * | Jiangsu Yinhe Electronics Co. Ltd. Class A | 946,533 | 620 |
| | Ningbo Zhenyu Technology Co. Ltd. Class A | 53,080 | 620 |
| | Eastern Communications Co. Ltd. Class A (XSHG) | 472,200 | 619 |
| | Yutong Bus Co. Ltd. Class A (XSHG) | 635,800 | 619 |
| | China Greatwall Technology Group Co. Ltd. Class A | 403,800 | 618 |
| * | Wuhan Raycus Fiber Laser Technologies Co. Ltd. Class A | 157,879 | 618 |
| | Triumph Science & Technology Co. Ltd. Class A (XSHG) | 465,200 | 618 |
| | Zhejiang Semir Garment Co. Ltd. Class A | 1,005,620 | 618 |
| | CSSC Science & Technology Co. Ltd. Class A (XSHG) | 375,000 | 617 |
| * | Wuhan P&S Information Technology Co. Ltd. Class A (XSHE) | 1,031,500 | 617 |
| | Beijing Haixin Energy Technology Co. Ltd. Class A | 1,120,179 | 615 |
| | G-bits Network Technology Xiamen Co. Ltd. Class A | 17,600 | 615 |
| | Kingfa Sci & Tech Co. Ltd. Class A | 462,923 | 615 |
| | Changhong Meiling Co. Ltd. Class A | 1,078,628 | 614 |
| * | Jiangxi Zhengbang Technology Co. Ltd. Class A (XSHE) | 1,279,608 | 614 |
| * | Juneyao Airlines Co. Ltd. Class A (XSHG) | 326,939 | 614 |
| | Guangzhou Restaurant Group Co. Ltd. Class A | 219,520 | 613 |
| * | Beijing Orient National Communication Science & Technology Co. Ltd. Class A (XSHE) | 511,595 | 613 |
| | Beijing North Star Co. Ltd. Class A | 2,453,915 | 612 |
| | Jiangxi Huangshanghuang Group Food Co. Ltd. Class A | 462,301 | 612 |
| * | Shenzhen Sinovatio Technology Co. Ltd. Class A | 153,216 | 611 |
| | Chongyi Zhangyuan Tungsten Industry Co. Ltd. Class A | 679,000 | 611 |
| *,2 | Zhenro Properties Group Ltd. | 22,929,508 | 610 |
| | Jiangsu Guotai International Group Co. Ltd. (XSHE) | 550,290 | 610 |
| | Ningxia Building Materials Group Co. Ltd. Class A (XSSC) | 388,388 | 609 |
| | Zhejiang Medicine Co. Ltd. Class A | 387,800 | 608 |
| | Qianjiang Water Resources Development Co. Ltd. Class A | 363,551 | 608 |
| | ZhongYeDa Electric Co. Ltd. Class A | 501,400 | 608 |
| | Focus Technology Co. Ltd. Class A | 310,120 | 608 |
| | EIT Environmental Development Group Co. Ltd. Class A | 287,918 | 608 |
| | Double Medical Technology Inc. Class A | 109,500 | 608 |
| | Guangxi Wuzhou Communications Co. Ltd. Class A | 1,300,890 | 608 |
| | | | | | Shares | Market
Value•
($000) |
| * | Markor International Home Furnishings Co. Ltd. Class A | 1,715,635 | 607 |
| | Guangzhou Pearl River Piano Group Co. Ltd. Class A | 781,331 | 607 |
| * | Huludao Zinc Industry Co. Class A | 1,526,300 | 605 |
| * | Qinghai Spring Medicinal Resources Technology Co. Ltd. Class A | 501,881 | 605 |
| * | Suzhou Chunxing Precision Mechanical Co. Ltd. Class A (XSHE) | 781,900 | 605 |
| * | Guangdong Orient Zirconic Ind Sci & Tech Co. Ltd. Class A | 775,900 | 604 |
| | Xinxing Ductile Iron Pipes Co. Ltd. Class A (XSHE) | 1,266,700 | 603 |
| | Dare Power Dekor Home Co. Ltd. Class A | 562,739 | 603 |
| | KPC Pharmaceuticals Inc. Class A (XSHG) | 280,088 | 603 |
| | MLS Co. Ltd. Class A (XSHE) | 527,400 | 603 |
| | Era Co. Ltd. Class A | 1,005,259 | 602 |
| | Zhejiang Yankon Group Co. Ltd. Class A | 1,406,275 | 600 |
| * | Fujian Septwolves Industry Co. Ltd. Class A | 824,109 | 599 |
| | Fujian Rongji Software Co. Ltd. Class A | 609,300 | 599 |
| | Chongqing Water Group Co. Ltd. Class A (XSHG) | 860,600 | 599 |
| | Medicalsystem Biotechnology Co. Ltd. Class A | 346,583 | 599 |
| | Vatti Corp. Ltd. Class A (XSHE) | 768,748 | 598 |
| | Bank of Xi'an Co. Ltd. Class A | 1,337,600 | 598 |
| | Monalisa Group Co. Ltd. Class A | 349,604 | 598 |
| * | Shenzhen Minkave Technology Co. Ltd. Class A | 602,150 | 597 |
| | Shenzhen Sunmoon Microelectronics Co. Ltd. Class A | 87,671 | 597 |
| | Zhejiang Fuchunjiang Environmental Thermoelectric Co. Ltd. Class A | 1,020,200 | 596 |
| 1,2 | Shenwan Hongyuan Group Co. Ltd. Class H | 3,645,600 | 595 |
| * | Shenzhen Comix Group Co. Ltd. Class A | 612,400 | 595 |
| | Ningbo Peacebird Fashion Co. Ltd. Class A | 276,031 | 594 |
| * | Nanfang Zhongjin Environment Co. Ltd. Class A | 1,775,883 | 594 |
| | Hainan Expressway Co. Ltd. Class A | 1,056,400 | 593 |
| * | Jiangsu Zhongnan Construction Group Co. Ltd. Class A (XSHE) | 2,118,077 | 593 |
| | Beijing Zhong Ke San Huan High-Tech Co. Ltd. Class A | 335,800 | 592 |
| | China West Construction Group Co. Ltd. Class A | 649,000 | 592 |
| | Shenzhen Expressway Corp. Ltd. Class A (XSSC) | 526,804 | 592 |
| | Beijing SL Pharmaceutical Co. Ltd. Class A (XSHE) | 518,850 | 592 |
| | Sichuan Hebang Biotechnology Co. Ltd. Class A (XSHG) | 1,495,340 | 592 |
| | Hangzhou Electronic Soul Network Technology Co. Ltd. Class A | 216,164 | 592 |
| * | Guizhou Salvage Pharmaceutical Co. Ltd. Class A | 1,556,500 | 591 |
| * | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A (XSHE) | 1,116,230 | 591 |
| | Huafu Fashion Co. Ltd. (XSHE) | 1,425,310 | 591 |
| | Beijing Teamsun Technology Co. Ltd. Class A (XSSC) | 788,986 | 589 |
| * | Toyou Feiji Electronics Co. Ltd. Class A | 518,435 | 589 |
| | Jiangsu Huahong Technology Stock Co. Ltd. Class A | 296,073 | 589 |
| | Goldenmax International Group Ltd. Class A (XSHE) | 538,100 | 588 |
| | Citic Offshore Helicopter Co. Ltd. Class A | 604,400 | 587 |
| * | Beijing Lier High-temperature Materials Co. Ltd. Class A | 1,242,571 | 587 |
| | ENC Digital Technology Co. Ltd. Class A | 482,090 | 587 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Zhongcheng Packing Material Co. Ltd. Class A | 856,121 | 585 |
| * | Wutong Holding Group Co. Ltd. Class A | 1,355,722 | 585 |
| * | Hwa Create Co. Ltd. Class A | 583,500 | 585 |
| | Beijing Haixin Energy Technology Co. Ltd. Class A (XSHE) | 1,062,828 | 583 |
| * | China Nonferrous Metal Industry's Foreign Engineering & Construction Co. Ltd. Class A | 948,820 | 582 |
| | Realcan Pharmaceutical Group Co. Ltd. Class A (XSHE) | 1,015,910 | 582 |
| | Wuhan Jingce Electronic Group Co. Ltd. Class A (XSHE) | 82,677 | 582 |
| * | Wondershare Technology Group Co. Ltd. Class A | 138,084 | 582 |
| * | Feitian Technologies Co. Ltd. Class A | 392,500 | 581 |
| | Guangdong Provincial Expressway Development Co. Ltd. Class A | 602,600 | 580 |
| | PKU Healthcare Corp. Ltd. Class A | 560,500 | 580 |
| * | Xiamen Jihong Technology Co. Ltd. Class A | 336,100 | 580 |
| | Shandong Publishing & Media Co. Ltd. Class A | 711,600 | 579 |
| | Shenzhen Aisidi Co. Ltd. Class A (XSHE) | 422,520 | 579 |
| * | Wellhope Foods Co. Ltd. Class A (XSHG) | 371,300 | 579 |
| * | ChemPartner PharmaTech Co. Ltd. Class A | 422,377 | 577 |
| | Poly Union Chemical Holding Group Co. Ltd. Class A | 454,501 | 577 |
| | Guangdong Marubi Biotechnology Co. Ltd. Class A | 148,329 | 577 |
| | Beijing SL Pharmaceutical Co. Ltd. Class A | 505,196 | 576 |
| | Changshu Fengfan Power Equipment Co. Ltd. Class A (XSSC) | 845,828 | 576 |
| | Tongling Nonferrous Metals Group Co. Ltd. Class A | 1,660,400 | 575 |
| | Zhejiang China Light & Textile Industrial City Group Co. Ltd. Class A (XSHG) | 1,055,320 | 575 |
| | Baoxiniao Holding Co. Ltd. Class A | 1,203,300 | 574 |
| | Huadong Medicine Co. Ltd. Class A | 101,900 | 573 |
| | Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Class A (XSHE) | 1,082,550 | 572 |
| * | Zhejiang Huamei Holding Co. Ltd. Class A | 979,100 | 570 |
| | Tungkong Inc. Class A | 556,076 | 570 |
| | China Wuyi Co. Ltd. Class A | 1,611,511 | 569 |
| * | Sinopec Oilfield Equipment Corp. Class A | 719,342 | 569 |
| | Jinling Pharmaceutical Co. Ltd. Class A | 508,831 | 568 |
| | Tibet Tianlu Co. Ltd. Class A | 927,949 | 568 |
| | East China Engineering Science & Technology Co. Ltd. Class A | 454,900 | 568 |
| * | Jishi Media Co. Ltd. Class A | 2,400,700 | 568 |
| * | Surfilter Network Technology Co. Ltd. Class A | 617,768 | 568 |
| | Tianfeng Securities Co. Ltd. Class A | 1,491,900 | 566 |
| | Shanghai Dazhong Public Utilities Group Co. Ltd. Class A (XSHG) | 1,437,500 | 566 |
| | Huabao Flavours & Fragrances Co. Ltd. Class A (XSHE) | 179,900 | 566 |
| 1 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd. Class H | 903,000 | 566 |
| | Juewei Food Co. Ltd. Class A | 87,160 | 565 |
| | Dlg Exhibitions & Events Corp. Ltd. Class A | 552,100 | 565 |
| | Sansteel Minguang Co. Ltd. Fujian Class A | 978,600 | 564 |
| | China Harzone Industry Corp. Ltd. Class A | 593,522 | 564 |
| | Tengda Construction Group Co. Ltd. Class A | 1,637,499 | 564 |
| * | Huayi Brothers Media Corp. Class A (XSHE) | 1,994,200 | 564 |
| * | China TransInfo Technology Co. Ltd. Class A | 459,400 | 563 |
| * | Sunward Intelligent Equipment Co. Ltd. Class A | 669,120 | 563 |
| | FAW Jiefang Group Co. Ltd. | 589,943 | 563 |
| | Zhengzhou Coal Mining Machinery Group Co. Ltd. Class A (XSHG) | 332,200 | 563 |
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Asia-Pacific Mechanical & Electronic Co. Ltd. Class A | 552,800 | 563 |
| | Enjoyor Technology Co. Ltd. Class A (XSEC) | 602,900 | 563 |
| | Mayinglong Pharmaceutical Group Co. Ltd. Class A (XSHG) | 179,100 | 562 |
| | CSSC Science & Technology Co. Ltd. Class A | 340,900 | 561 |
| * | AECC Aero Science & Technology Co. Ltd. Class A (XSHG) | 221,200 | 561 |
| | Zhejiang China Commodities City Group Co. Ltd. Class A (XSHG) | 976,000 | 561 |
| | Bank of Chengdu Co. Ltd. Class A | 300,000 | 560 |
| | Bros Eastern Co. Ltd. Class A (XSHG) | 778,810 | 560 |
| | Luyang Energy-Saving Materials Co. Ltd. (XSEC) | 204,100 | 559 |
| | Shenzhen Energy Group Co. Ltd. Class A | 713,200 | 558 |
| | 5I5J Holding Group Co. Ltd. Class A | 1,773,003 | 558 |
| * | Shandong Minhe Animal Husbandry Co. Ltd. Class A (XSHE) | 254,283 | 558 |
| | Guizhou Guihang Automotive Components Co. Ltd. Class A | 215,284 | 557 |
| * | Duolun Technology Corp. Ltd. Class A | 587,777 | 557 |
| | Valiant Co. Ltd. Class A | 292,400 | 556 |
| | SPIC Industry-Finance Holdings Co. Ltd. Class A (XSHE) | 986,256 | 556 |
| * | Guangdong Highsun Group Co. Ltd. Class A | 1,848,180 | 555 |
| * | Shanghai Shunho New Materials Technology Co. Ltd. Class A | 1,023,800 | 555 |
| | VanJee Technology Co. Ltd. Class A | 201,160 | 555 |
| * | Guangdong Zhengye Technology Co. Ltd. Class A | 374,236 | 555 |
| | Shenzhen Jinjia Group Co. Ltd. Class A | 561,336 | 554 |
| | Beijing Forever Technology Co. Ltd. Class A (XSHE) | 439,194 | 554 |
| | Hefei Department Store Group Co. Ltd. Class A | 932,417 | 553 |
| | BGI Genomics Co. Ltd. Class A (XSHE) | 72,800 | 553 |
| | Shanghai Jinqiao Export Processing Zone Development Co. Ltd. Class A | 398,657 | 553 |
| * | Advanced Technology & Materials Co. Ltd. Class A (XSHE) | 501,000 | 551 |
| * | Vtron Group Co. Ltd. Class A | 864,723 | 551 |
| | Jangho Group Co. Ltd. Class A (XSHG) | 488,200 | 551 |
| * | Nanjing Kangni Mechanical & Electrical Co. Ltd. Class A | 926,835 | 551 |
| * | Xiamen King Long Motor Group Co. Ltd. Class A | 676,646 | 550 |
| | Merit Interactive Co. Ltd. Class A | 384,848 | 549 |
| | Jiangsu Yunyi Electric Co. Ltd. Class A | 878,840 | 548 |
| * | Xinlun New Materials Co. Ltd. | 1,033,500 | 548 |
| * | Pengdu Agriculture & Animal Husbandry Co. Ltd. Class A | 1,531,000 | 547 |
| | Sunyard Technology Co. Ltd. | 483,327 | 547 |
| * | Henan Huanghe Whirlwind Co. Ltd. Class A (XSHG) | 764,600 | 546 |
| | Shanghai Yimin Commerce Group Co. Ltd. Class A | 1,247,000 | 546 |
| * | Harbin Pharmaceutical Group Co. Ltd. Class A (XSSC) | 1,447,577 | 545 |
| * | Langold Real Estate Co. Ltd. Class A | 1,962,979 | 545 |
| 2 | Greenland Hong Kong Holdings Ltd. | 10,544,314 | 544 |
| * | China CYTS Tours Holding Co. Ltd. Class A (XSSC) | 367,868 | 544 |
| | Zhuhai Huajin Capital Co. Ltd. Class A | 381,017 | 544 |
| * | Hubei Century Network Technology Co. Ltd. Class A | 258,500 | 544 |
| | Pacific Shuanglin Bio-pharmacy Co. Ltd. | 218,200 | 544 |
| | First Capital Securities Co. Ltd. Class A (XSHE) | 711,520 | 543 |
| | Beijing Water Business Doctor Co. Ltd. Class A (XSHE) | 494,900 | 542 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Zhejiang Yonggui Electric Equipment Co. Ltd. Class A | 330,670 | 540 |
| * | Aoyuan Beauty Valley Technology Co. Ltd. Class A | 751,700 | 539 |
| | Shandong Wohua Pharmaceutical Co. Ltd. Class A | 568,140 | 539 |
| * | Montnets Cloud Technology Group Co. Ltd. Class A | 348,000 | 538 |
| * | Huatian Hotel Group Co. Ltd. Class A | 1,001,500 | 538 |
| | Skyworth Digital Co. Ltd. Class A | 262,900 | 537 |
| | Tianjin Pharmaceutical Da Re Tang Group Corp. Ltd. Class A (XSHG) | 141,500 | 537 |
| | Everbright Jiabao Co. Ltd. Class A | 1,502,708 | 536 |
| | Hubei Jiuzhiyang Infrared System Co. Ltd. Class A | 151,237 | 536 |
| *,2 | Shandong Chenming Paper Holdings Ltd. Class H | 1,892,282 | 535 |
| | Anhui Guofeng New Materials Co. Ltd. Class A | 716,800 | 535 |
| | FIYTA Precision Technology Co. Ltd. Class A | 420,085 | 535 |
| | Beijing Sifang Automation Co. Ltd. Class A (XSHG) | 266,300 | 535 |
| * | Tus Environmental Science & Technology Development Co. Ltd. Class A | 1,229,382 | 532 |
| | Konka Group Co. Ltd. Class A | 793,800 | 530 |
| | Guangdong Ellington Electronics Technology Co. Ltd. Class A (XSSC) | 562,164 | 530 |
| | CMST Development Co. Ltd. Class A (XSHG) | 842,000 | 530 |
| | Sunvim Group Co. Ltd. Class A | 909,600 | 530 |
| | Shanghai Baosight Software Co. Ltd. Class A | 91,050 | 530 |
| | Jiangling Motors Corp. Ltd. Class B | 635,970 | 528 |
| | Beijing BDStar Navigation Co. Ltd. Class A | 136,800 | 528 |
| | Shanghai Pudong Construction Co. Ltd. Class A | 575,741 | 528 |
| | First Tractor Co. Ltd. Class A (XSHG) | 357,900 | 528 |
| | Shenzhen Ysstech Info-tech Co. Ltd. Class A (XSHE) | 455,175 | 528 |
| * | Hainan Mining Co. Ltd. Class A (XSHG) | 586,500 | 528 |
| * | Suzhou Jinfu Technology Co. Ltd. Class A | 1,089,400 | 526 |
| | Canny Elevator Co. Ltd. Class A (XSHE) | 578,496 | 526 |
| | Loncin Motor Co. Ltd. Class A (XSHG) | 741,350 | 526 |
| | PharmaBlock Sciences Nanjing Inc. Class A | 43,491 | 525 |
| | Shandong Shengli Co. Class A | 973,577 | 525 |
| | Central China Securities Co. Ltd. Class A (XSHG) | 1,063,100 | 525 |
| * | Tsinghua Tongfang Co. Ltd. Class A (XSSC) | 863,708 | 525 |
| * | Grand Industrial Holding Group Co. Ltd. | 460,000 | 525 |
| * | Shanghai Fudan Forward S & T Co. Ltd. Class A (XSHG) | 663,450 | 523 |
| | Chengdu CORPRO Technology Co. Ltd. Class A (XSHE) | 128,600 | 523 |
| | Jointown Pharmaceutical Group Co. Ltd. Class A (XSHG) | 303,520 | 523 |
| | Chimin Health Management Co. Ltd. Class A | 428,400 | 523 |
| | Jiangsu Xiuqiang Glasswork Co. Ltd. Class A | 590,500 | 522 |
| | Leyard Optoelectronic Co. Ltd. Class A (XSHE) | 674,766 | 522 |
| | Beijing Electronic Zone High-tech Group Co. Ltd. Class A | 1,024,969 | 521 |
| * | Genimous Technology Co. Ltd. Class A (XSHE) | 691,035 | 521 |
| * | China TransInfo Technology Co. Ltd. Class A (XSHE) | 425,300 | 521 |
| | Zhejiang Vie Science & Technology Co. Ltd. Class A | 460,400 | 521 |
| * | Shenzhen Mason Technologies Co. Ltd. Class A | 848,500 | 521 |
| * | Zhejiang Jingxing Paper JSC Ltd. Class A | 1,126,300 | 520 |
| * | JC Finance & Tax Interconnect Holdings Ltd. Class A (XSHE) | 475,040 | 520 |
| | Xiangyu Medical Co. Ltd. Class A | 107,228 | 520 |
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Hailiang Co. Ltd. Class A | 325,700 | 517 |
| | Jiangsu Huaxicun Co. Ltd. Class A (XSHE) | 704,200 | 517 |
| * | Shanghai Shimao Co. Ltd. Class A | 1,719,612 | 516 |
| * | Jiangsu Etern Co. Ltd. Class A (XSHG) | 1,035,970 | 516 |
| * | Youzu Interactive Co. Ltd. Class A | 485,916 | 516 |
| | Yabao Pharmaceutical Group Co. Ltd. Class A (XSSC) | 623,083 | 516 |
| | Huaxin Cement Co. Ltd. Class A (XSHG) | 279,360 | 514 |
| | Shandong Denghai Seeds Co. Ltd. Class A | 180,500 | 514 |
| | Dalian Huarui Heavy Industry Group Co. Ltd. Class A (XSHE) | 683,920 | 513 |
| | Tianjin Tianyao Pharmaceutical Co. Ltd. Class A | 829,500 | 512 |
| | Shanghai ShenTong Metro Co. Ltd. Class A | 465,976 | 512 |
| | Tibet Cheezheng Tibetan Medicine Co. Ltd. Class A | 157,047 | 512 |
| | Xinhua Winshare Publishing & Media Co. Ltd. Class H | 846,524 | 511 |
| | Sinochem International Corp. Class A (XSHG) | 539,110 | 511 |
| * | Cultural Investment Holdings Co. Ltd. Class A | 1,818,329 | 511 |
| | Huizhou Speed Wireless Technology Co. Ltd. Class A | 443,300 | 511 |
| | Anhui Yingliu Electromechanical Co. Ltd. Class A (XSSC) | 194,320 | 511 |
| | Huali Industrial Group Co. Ltd. Class A | 91,900 | 511 |
| | FSPG Hi-Tech Co. Ltd. Class A | 885,500 | 510 |
| | Liaoning Cheng Da Co. Ltd. Class A (XSHG) | 302,200 | 510 |
| | Xiamen Intretech Inc. Class A | 215,390 | 509 |
| * | Yifan Pharmaceutical Co. Ltd. Class A | 339,300 | 508 |
| * | Hubei Fuxing Science & Technology Co. Ltd. Class A | 987,200 | 508 |
| * | Jiangsu Sihuan Bioengineering Co. Ltd. Class A | 1,119,200 | 508 |
| | Shanghai Tunnel Engineering Co. Ltd. Class A (XSHG) | 711,300 | 508 |
| * | Changchun Gas Co. Ltd. Class A | 741,500 | 507 |
| | Bright Dairy & Food Co. Ltd. Class A (XSHG) | 389,800 | 506 |
| | Beijing Shiji Information Technology Co. Ltd. Class A | 290,970 | 505 |
| * | Zhongbai Holdings Group Co. Ltd. Class A | 794,489 | 505 |
| | North Huajin Chemical Industries Co. Ltd. Class A | 546,600 | 503 |
| | Zhejiang Jiemei Electronic & Technology Co. Ltd. Class A (XSEC) | 163,554 | 503 |
| * | Shenyang Chemical Co. Ltd. Class A | 944,000 | 502 |
| | Chengdu Huasun Technology Group Inc. Ltd. Class A | 742,471 | 501 |
| * | Shenzhen Sea Star Technology Co. Ltd. Class A | 588,500 | 501 |
| | China Merchants Property Operation & Service Co. Ltd. Class A | 271,200 | 501 |
| | Chengdu ALD Aviation Manufacturing Corp. Class A | 131,300 | 501 |
| | Baida Group Co. Ltd. Class A | 439,100 | 500 |
| | Ningbo Ligong Environment & Energy Technology Co. Ltd. Class A | 408,869 | 500 |
| | Jiangsu Gian Technology Co. Ltd. Class A (XSHE) | 125,760 | 500 |
| * | Hanwang Technology Co. Ltd. Class A | 231,900 | 499 |
| | Guangzhou Hangxin Aviation Technology Co. Ltd. Class A | 279,400 | 497 |
| | Ningbo Zhoushan Port Co. Ltd. Class A (XSHG) | 1,042,200 | 496 |
| | CITIC Press Corp. Class A | 192,900 | 496 |
| | Digital China Information Service Co. Ltd. Class A (XSHE) | 311,643 | 495 |
| | Hainan Strait Shipping Co. Ltd. Class A | 770,950 | 494 |
| | Sanjiang Shopping Club Co. Ltd. Class A | 448,200 | 494 |
| | Changzheng Engineering Co. Ltd. Class A (XSHG) | 290,030 | 494 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Beijing Orient Landscape & Environment Co. Ltd. Class A | 1,777,055 | 494 |
| | Gansu Jingyuan Coal Industry & Electricity Power Co. Ltd. Class A | 1,143,986 | 493 |
| * | Alpha Group Class A (XSHE) | 827,701 | 493 |
| * | Jilin Yatai Group Co. Ltd. Class A (XSSC) | 1,597,167 | 493 |
| * | Tangrenshen Group Co. Ltd. Class A | 508,700 | 492 |
| * | Fuan Pharmaceutical Group Co. Ltd. Class A (XSHE) | 990,200 | 492 |
| * | Huayuan Property Co. Ltd. Class A (XSSC) | 2,201,505 | 492 |
| | Maoye Commercial Co. Ltd. Class A (XSSC) | 1,154,811 | 491 |
| * | Hunan Mendale Hometextile Co. Ltd. Class A | 762,754 | 491 |
| | Dosilicon Co. Ltd. Class A | 115,487 | 491 |
| | Shantou Dongfeng Printing Co. Ltd. Class A | 837,600 | 490 |
| | Anhui Huamao Textile Co. Class A | 1,074,064 | 489 |
| | Guangzhou Yuexiu Financial Holdings Group Co. Ltd. Class A | 638,329 | 488 |
| * | China High Speed Railway Technology Co. Ltd. Class A | 1,584,100 | 488 |
| | BGI Genomics Co. Ltd. Class A | 64,249 | 488 |
| | Ningbo Sanxing Medical Electric Co. Ltd. Class A (XSHG) | 258,500 | 488 |
| | Changshu Tianyin Electromechanical Co. Ltd. Class A | 412,893 | 488 |
| * | Hangzhou Century Co. Ltd. Class A | 822,400 | 487 |
| * | GCL New Energy Holdings Ltd. | 7,209,498 | 487 |
| | Tianjin Lisheng Pharmaceutical Co. Ltd. Class A | 154,800 | 486 |
| | Shaanxi Broadcast & TV Network Intermediary Group Co. Ltd. Class A | 693,700 | 485 |
| * | Beijing WKW Automotive Parts Co. Ltd. Class A | 1,023,576 | 485 |
| | Hangzhou Cable Co. Ltd. Class A | 652,000 | 485 |
| | Shenzhen Textile Holdings Co. Ltd. Class A | 444,475 | 483 |
| | Dashang Co. Ltd. Class A (XSHG) | 224,200 | 481 |
| * | HPGC Renmintongtai Pharmaceutical Corp. Class A (XSHG) | 550,134 | 481 |
| * | Huafon Microfibre Shanghai Technology Co. Ltd. (XSHE) | 932,955 | 480 |
| | Henan Taloph Pharmaceutical Stock Co. Ltd. Class A | 622,730 | 479 |
| | Xiamen Tungsten Co. Ltd. Class A (XSHG) | 174,200 | 479 |
| | Shandong Homey Aquatic Development Co. Ltd. Class A | 1,478,298 | 479 |
| * | Rendong Holdings Co. Ltd. | 522,865 | 479 |
| | Wuhu Token Science Co. Ltd. Class A | 557,783 | 478 |
| | Sinolink Securities Co. Ltd. Class A (XSHG) | 441,000 | 478 |
| * | Zhongfu Straits Pingtan Development Co. Ltd. Class A | 1,368,344 | 477 |
| | Joeone Co. Ltd. Class A | 502,277 | 477 |
| * | Gem-Year Industrial Co. Ltd. Class A (XSSC) | 746,111 | 476 |
| | Huaren Pharmaceutical Co. Ltd. Class A (XSEC) | 856,972 | 476 |
| | Sino Wealth Electronic Ltd. Class A | 111,109 | 476 |
| | Guangdong South New Media Co. Ltd. Class A (XSHE) | 109,080 | 476 |
| | Hanyu Group Joint-Stock Co. Ltd. Class A | 532,400 | 476 |
| | Fujian Star-net Communication Co. Ltd. Class A | 163,400 | 475 |
| * | Henan Huanghe Whirlwind Co. Ltd. Class A (XSSC) | 664,380 | 475 |
| * | Guangxi Radio & Television Information Network Corp. Ltd. Class A | 1,141,600 | 475 |
| | Beijing Shunxin Agriculture Co. Ltd. Class A | 168,792 | 474 |
| * | Create Technology & Science Co. Ltd. Class A | 385,756 | 474 |
| * | Xiwang Foodstuffs Co. Ltd. Class A (XSHE) | 940,740 | 474 |
| | Nanjing Xinlian Electronics Co. Ltd. Class A | 855,041 | 474 |
| * | Integrated Electronic Systems Lab Co. Ltd. Class A | 550,069 | 474 |
| | | | | | Shares | Market
Value•
($000) |
| | Goldcard Smart Group Co. Ltd. (XSHE) | 353,600 | 474 |
| | Cinda Real Estate Co. Ltd. Class A (XSHG) | 837,122 | 473 |
| | Henan Yuguang Gold & Lead Co. Ltd. Class A (XSHG) | 710,800 | 473 |
| | Anhui Korrun Co. Ltd. Class A | 251,860 | 473 |
| * | Lander Sports Development Co. Ltd. Class A | 1,172,450 | 472 |
| | Joincare Pharmaceutical Group Industry Co. Ltd. Class A (XSHG) | 294,624 | 472 |
| | Fiberhome Telecommunication Technologies Co. Ltd. Class A (XSHG) | 249,100 | 472 |
| | China South Publishing & Media Group Co. Ltd. Class A (XSHG) | 361,000 | 472 |
| * | Tunghsu Azure Renewable Energy Co. Ltd. Class A (XSEC) | 928,500 | 471 |
| | Shanghai 2345 Network Holding Group Co. Ltd. Class A (XSHE) | 1,658,514 | 471 |
| * | Shanghai Guangdian Electric Group Co. Ltd. Class A | 1,006,700 | 471 |
| * | Beijing Baination Pictures Co. Ltd. Class A | 847,100 | 471 |
| | Mayinglong Pharmaceutical Group Co. Ltd. Class A | 149,726 | 470 |
| | Shenzhen Gongjin Electronics Co. Ltd. Class A | 384,348 | 470 |
| * | Shenzhen Infogem Technologies Co. Ltd. Class A | 350,400 | 468 |
| | Tianjin Port Co. Ltd. Class A (XSSC) | 875,263 | 468 |
| | Shanghai Industrial Development Co. Ltd. Class A (XSSC) | 1,162,392 | 468 |
| | Wuhan Yangtze Communications Industry Group Co. Ltd. Class A | 201,960 | 468 |
| * | Tech-Bank Food Co. Ltd. Class A | 562,280 | 467 |
| * | Guangdong Delian Group Co. Ltd. Class A | 675,035 | 467 |
| | Huadian Heavy Industries Co. Ltd. Class A (XSSC) | 604,909 | 467 |
| | Bright Real Estate Group Co. Ltd. Class A (XSSC) | 1,679,474 | 466 |
| * | Shaanxi Aerospace Power Hi-Tech Co. Ltd. Class A (XSHG) | 368,800 | 465 |
| | Guangzhou Zhiguang Electric Co. Ltd. Class A | 377,400 | 465 |
| | Zhuhai Bojay Electronics Co. Ltd. Class A | 95,100 | 465 |
| * | Beiqi Foton Motor Co. Ltd. Class A (XSSC) | 1,333,709 | 464 |
| | Bros Eastern Co. Ltd. Class A (XSSC) | 644,479 | 464 |
| | Vontron Technology Co. Ltd. Class A | 423,300 | 463 |
| | Shenzhen Batian Ecotypic Engineering Co. Ltd. Class A (XSHE) | 651,251 | 463 |
| * | Tianjin Futong Information Science & Technology Co. Ltd. Class A | 1,174,500 | 462 |
| * | Myhome Real Estate Development Group Co. Ltd. Class A | 2,630,400 | 462 |
| | Northeast Securities Co. Ltd. Class A | 528,100 | 460 |
| | Guangzhou Zhiguang Electric Co. Ltd. Class A (XSHE) | 372,300 | 459 |
| * | EGing Photovoltaic Technology Co. Ltd. Class A (XSSC) | 579,174 | 459 |
| * | Jilin Yatai Group Co. Ltd. Class A (XSHG) | 1,484,000 | 458 |
| * | Shenzhen Glory Medical Co. Ltd. Class A | 766,022 | �� 458 |
| * | Global Infotech Co. Ltd. Class A | 388,600 | 457 |
| | Jiangling Motors Corp. Ltd. Class A (XSHE) | 234,298 | 456 |
| * | Guangdong Taiantang Pharmaceutical Co. Ltd. Class A | 895,378 | 456 |
| | Bestore Co. Ltd. Class A | 118,400 | 456 |
| | Better Life Commercial Chain Share Co. Ltd. Class A (XSHE) | 672,220 | 454 |
| | Beijing eGOVA Co. Ltd. Class A (XSHE) | 164,241 | 454 |
| * | Eastone Century Technology Co. Ltd. Class A | 843,315 | 453 |
| * | China Zhonghua Geotechnical Engineering Group Co. Ltd. Class A | 1,154,200 | 453 |
| | Guangdong Zhongnan Iron & Steel Co. Ltd. Class A | 1,225,100 | 452 |
| | Sufa Technology Industry Co. Ltd. CNNC Class A | 328,659 | 452 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Shanghai Zhezhong Group Co. Ltd. Class A | 251,700 | 452 |
| * | Beijing Philisense Technology Co. Ltd. Class A (XSHE) | 878,600 | 452 |
| | Wolong Real Estate Group Co. Ltd. Class A (XSSC) | 662,901 | 452 |
| * | Tibet Summit Resources Co. Ltd. Class A | 157,132 | 451 |
| | Yotrio Group Co. Ltd. Class A (XSHE) | 994,750 | 451 |
| | Visual China Group Co. Ltd. Class A (XSHE) | 323,812 | 450 |
| * | Tunghsu Optoelectronic Technology Co. Ltd. Class A (XSEC) | 1,767,600 | 449 |
| | Nanjing Chixia Development Co. Ltd. Class A | 947,000 | 448 |
| * | Pubang Landscape Architecture Co. Ltd. Class A | 1,835,497 | 448 |
| * | Berry Genomics Co. Ltd. Class A (XSHE) | 257,298 | 447 |
| | Emei Shan Tourism Co. Ltd. Class A | 478,100 | 447 |
| * | Fujian Dongbai Group Co. Ltd. Class A | 876,300 | 447 |
| | Der Future Science & Technology Holding Group Co. Ltd. Class A | 609,840 | 447 |
| | Southern Publishing & Media Co. Ltd. Class A | 445,500 | 447 |
| | Streamax Technology Co. Ltd. Class A | 145,100 | 447 |
| | Haoxiangni Health Food Co. Ltd. Class A | 506,788 | 446 |
| | Ningbo Shuanglin Auto Parts Co. Ltd. Class A | 406,900 | 446 |
| | Beijing Beilu Pharmaceutical Co. Ltd. Class A | 471,900 | 446 |
| | LianChuang Electronic Technology Co. Ltd. Class A | 241,900 | 446 |
| | Guizhou Gas Group Corp. Ltd. Class A (XSHG) | 434,972 | 445 |
| * | Zhejiang Wanfeng Auto Wheel Co. Ltd. Class A | 481,800 | 444 |
| | Western Region Gold Co. Ltd. Class A | 274,400 | 444 |
| | Guangxi Nanning Waterworks Co. Ltd. Class A | 631,800 | 444 |
| | Nanjing Gaoke Co. Ltd. Class A (XSHG) | 520,128 | 443 |
| * | Sundy Land Investment Co. Ltd. Class A | 1,281,700 | 443 |
| * | Chang Jiang Shipping Group Phoenix Co. Ltd. Class A | 993,900 | 443 |
| | China Construction Bank Corp. Class A (XSHG) | 604,100 | 442 |
| | Beken Corp. Class A | 122,587 | 442 |
| | Beijing Forever Technology Co. Ltd. Class A (XSEC) | 349,700 | 441 |
| | Guangdong Guangzhou Daily Media Co. Ltd. Class A | 840,200 | 441 |
| | Shenzhen Topway Video Communication Co. Ltd. Class A | 579,700 | 440 |
| | Hangzhou Advance Gearbox Group Co. Ltd. Class A | 389,709 | 440 |
| | Betta Pharmaceuticals Co. Ltd. Class A | 70,200 | 439 |
| | Chongqing Yukaifa Co. Ltd. Class A | 930,100 | 439 |
| | Shenzhen Kingdom Sci-Tech Co. Ltd. Class A (XSHG) | 268,000 | 439 |
| * | Chengdu Xinzhu Road&Bridge Machinery Co. Ltd. Class A | 614,114 | 439 |
| | Jiangsu Zijin Rural Commercial Bank Co. Ltd. Class A | 1,266,300 | 439 |
| | Zhejiang Conba Pharmaceutical Co. Ltd. Class A (XSSC) | 763,061 | 438 |
| * | Chengzhi Co. Ltd. Class A (XSHE) | 357,628 | 438 |
| | SPIC Yuanda Environmental-Protection Co. Ltd. Class A | 570,600 | 438 |
| | Jiangsu Expressway Co. Ltd. Class A (XSHG) | 428,998 | 438 |
| * | Shandong Meichen Ecology & Environment Co. Ltd. Class A | 1,379,220 | 438 |
| * | Genimous Technology Co. Ltd. Class A | 579,300 | 437 |
| | Grinm Advanced Materials Co. Ltd. Class A (XSHG) | 241,500 | 437 |
| * | Guizhou Yibai Pharmaceutical Co. Ltd. Class A (XSHG) | 569,700 | 437 |
| | Suzhou New District Hi-Tech Industrial Co. Ltd. Class A (XSSC) | 734,406 | 437 |
| * | Guizhou Bailing Group Pharmaceutical Co. Ltd. Class A | 478,500 | 436 |
| | | | | | Shares | Market
Value•
($000) |
| * | Shenzhen Infogem Technologies Co. Ltd. Class A (XSHE) | 326,680 | 436 |
| | Beijing Jiaxun Feihong Electrical Co. Ltd. Class A | 611,600 | 436 |
| | Shanghai 2345 Network Holding Group Co. Ltd. Class A | 1,533,513 | 435 |
| | Chongqing Water Group Co. Ltd. Class A | 623,550 | 434 |
| * | Simei Media Co. Ltd. Class A | 769,200 | 433 |
| | Glarun Technology Co. Ltd. Class A (XSHG) | 217,058 | 432 |
| * | Oceanwide Holdings Co. Ltd. Class A (XSHE) | 2,790,994 | 432 |
| | Tianjin 712 Communication & Broadcasting Co. Ltd. Class A | 80,000 | 431 |
| * | Fangda Carbon New Material Co. Ltd. Class A (XSHG) | 522,917 | 431 |
| * | Yunnan Coal & Energy Co. Ltd. Class A | 922,500 | 431 |
| | Hongbaoli Group Corp. Ltd. Class A | 714,859 | 430 |
| * | Zhejiang Founder Motor Co. Ltd. Class A | 418,986 | 430 |
| | Hunan Zhongke Electric Co. Ltd. Class A | 162,400 | 430 |
| * | New Huadu Technology Co. Ltd. Class A | 595,500 | 429 |
| | Rongan Property Co. Ltd. Class A (XSEC) | 1,194,572 | 428 |
| | Nanjing Sciyon Wisdom Technology Group Co. Ltd. Class A | 208,346 | 428 |
| | Universal Scientific Industrial Shanghai Co. Ltd. Class A (XSHG) | 178,938 | 428 |
| | Sichuan Tianyi Comheart Telecom Co. Ltd. Class A (XSHE) | 185,900 | 428 |
| | Bank of Qingdao Co. Ltd. Class A | 1,008,280 | 426 |
| | China Railway Tielong Container Logistics Co. Ltd. Class A | 597,800 | 426 |
| * | Sichuan Haite High-tech Co. Ltd. Class A | 346,300 | 425 |
| | Sinoma International Engineering Co. Class A (XSHG) | 361,650 | 425 |
| | Hebei Huijin Group Co. Ltd. Class A | 485,900 | 425 |
| * | Henan Rebecca Hair Products Co. Ltd. Class A | 1,267,320 | 424 |
| | Shenzhen Goodix Technology Co. Ltd. Class A | 63,456 | 423 |
| * | Rastar Group Class A | 1,078,500 | 422 |
| | Guangxi Guidong Electric Power Co. Ltd. Class A (XSHG) | 1,062,000 | 421 |
| | LB Group Co. Ltd. Class A | 199,000 | 420 |
| * | Wisesoft Co. Ltd. Class A | 231,865 | 420 |
| * | Shanghai Metersbonwe Fashion & Accessories Co. Ltd. Class A | 1,828,400 | 420 |
| | Jinhui Liquor Co. Ltd. Class A (XSHG) | 152,800 | 420 |
| | 37 Interactive Entertainment Network Technology Group Co. Ltd. Class A | 210,300 | 419 |
| | Shanghai SMI Holding Co. Ltd. Class A (XSSC) | 858,852 | 419 |
| * | Lanzhou LS Heavy Equipment Co. Ltd. Class A (XSSC) | 489,203 | 416 |
| | Shanghai STEP Electric Corp. Class A | 494,600 | 415 |
| | Shenzhen Guangju Energy Co. Ltd. Class A | 396,188 | 414 |
| * | ChangYuan Technology Group Ltd. (XSHG) | 607,060 | 413 |
| * | Doushen Beijing Education & Technology Inc. Class A | 866,539 | 411 |
| | Shanxi Guoxin Energy Corp. Ltd. Class A | 729,426 | 411 |
| * | Ligeance Aerospace Technology Co. Ltd. Class A (XSHE) | 390,466 | 411 |
| | Shenzhen Jieshun Science & Technology Industry Co. Ltd. Class A (XSHE) | 386,900 | 411 |
| * | Beijing Jetsen Technology Co. Ltd. Class A (XSHE) | 680,212 | 411 |
| * | Talkweb Information System Co. Ltd. Class A | 405,107 | 411 |
| | Triumph Science & Technology Co. Ltd. Class A (XSSC) | 309,550 | 411 |
| *,2 | Ronshine China Holdings Ltd. | 7,406,808 | 410 |
| * | ChangYuan Technology Group Ltd. (XSSC) | 602,283 | 410 |
| * | KraussMaffei Co. Ltd. Class A | 431,434 | 410 |
| | ZYNP Corp. Class A | 522,900 | 410 |
| | Hangzhou Jiebai Group Co. Ltd. Class A (XSSC) | 490,657 | 409 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Hunan Jingfeng Pharmaceutical Co. Ltd. Class A | 892,853 | 409 |
| * | Bank of Zhengzhou Co. Ltd. Class A (XSHE) | 1,305,469 | 408 |
| | Transfar Zhilian Co. Ltd. Class A | 597,325 | 405 |
| | Tianjin Capital Environmental Protection Group Co. Ltd. Class A (XSSC) | 495,361 | 405 |
| | Gansu Qilianshan Cement Group Co. Ltd. Class A (XSHG) | 306,100 | 405 |
| * | Hongbo Co. Ltd. Class A | 456,950 | 405 |
| | Xinfengming Group Co. Ltd. Class A (XSHG) | 362,796 | 404 |
| | Qingdao Citymedia Co. Ltd. Class A | 496,400 | 403 |
| | Zhongshan Broad Ocean Motor Co. Ltd. Class A | 542,300 | 402 |
| | CECEP Solar Energy Co. Ltd. Class A | 432,400 | 402 |
| | Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. Class A (XSHG) | 500,150 | 402 |
| | Zhejiang Communications Technology Co. Ltd. (XSHE) | 568,700 | 402 |
| * | Hand Enterprise Solutions Co. Ltd. Class A (XSHE) | 327,100 | 402 |
| * | Shenzhen Rapoo Technology Co. Ltd. Class A | 246,590 | 401 |
| | Shandong Xiantan Co. Ltd. Class A (XSEC) | 326,550 | 401 |
| | CITIC Heavy Industries Co. Ltd. Class A (XSSC) | 831,227 | 401 |
| * | Inner Mongolia Xingye Mining Co. Ltd. Class A | 503,000 | 397 |
| | Sanlux Co. Ltd. Class A | 648,400 | 396 |
| * | Ningbo Cixing Co. Ltd. Class A | 598,800 | 396 |
| | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. Class A | 176,991 | 395 |
| | Bestsun Energy Co. Ltd. Class A (XSHG) | 686,600 | 394 |
| | Dongfeng Electronic Technology Co. Ltd. Class A (XSHG) | 282,500 | 393 |
| * | Beijing Dinghan Technology Group Co. Ltd. | 523,300 | 393 |
| | Zhejiang Xinan Chemical Industrial Group Co. Ltd. Class A (XSHG) | 191,240 | 392 |
| | Ningbo David Medical Device Co. Ltd. Class A (XSEC) | 182,500 | 392 |
| | Fulongma Group Co. Ltd. Class A (XSHG) | 321,020 | 388 |
| | Aerospace Hi-Tech Holdings Grp Ltd. Class A | 330,130 | 387 |
| | Digital China Information Service Co. Ltd. Class A | 243,900 | �� 387 |
| * | Sou Yu Te Group Co. Ltd. Class A | 2,415,182 | 386 |
| | Zhuzhou Kibing Group Co. Ltd. Class A (XSHG) | 357,700 | 386 |
| * | LingNan Eco&Culture-Tourism Co. Ltd. Class A (XSHE) | 1,091,911 | 386 |
| | Yueyang Forest & Paper Co. Ltd. Class A (XSSC) | 523,380 | 385 |
| | Xuchang Yuandong Drive Shaft Co. Ltd. Class A | 595,600 | 384 |
| | Yotrio Group Co. Ltd. Class A | 844,600 | 383 |
| | Beijing Water Business Doctor Co. Ltd. Class A | 349,774 | 383 |
| | Harbin Hatou Investment Co. Ltd. Class A | 623,100 | 383 |
| | StarPower Semiconductor Ltd. Class A | 7,500 | 383 |
| | Aerospace Hi-Tech Holdings Grp Ltd. Class A (XSHE) | 326,020 | 382 |
| * | YLZ Information Technology Co. Ltd. Class A | 444,300 | 382 |
| * | Citychamp Dartong Co. Ltd. Class A (XSSC) | 925,633 | 382 |
| | Qingdao Doublestar Co. Ltd. Class A | 748,900 | 381 |
| | Marssenger Kitchenware Co. Ltd. Class A | 126,300 | 381 |
| * | Shijiazhuang Changshan BeiMing Technology Co. Ltd. Class A | 442,000 | 380 |
| * | China Grand Automotive Services Group Co. Ltd. Class A (XSHG) | 1,344,270 | 380 |
| * | Shenzhen World Union Group Inc. Class A (XSHE) | 1,106,550 | 380 |
| * | Holitech Technology Co. Ltd. Class A | 1,039,700 | 379 |
| | Northern United Publishing & Media Group Co. Ltd. Class A | 517,800 | 379 |
| | | | | | Shares | Market
Value•
($000) |
| | China Bester Group Telecom Co. Ltd. Class A (XSHG) | 262,845 | 379 |
| | Zhejiang Red Dragonfly Footwear Co. Ltd. Class A | 566,581 | 378 |
| | Ningbo Peacebird Fashion Co. Ltd. Class A (XSHG) | 175,698 | 378 |
| * | Xingmin Intelligent Transportation Systems Group Co. Ltd. Class A | 595,626 | 377 |
| * | Shanghai Junshi Biosciences Co. Ltd. Class A | 38,639 | 377 |
| | Jinneng Science&Technology Co. Ltd. Class A | 305,200 | 376 |
| | Zhejiang Orient Gene Biotech Co. Ltd. Class A | 33,304 | 376 |
| * | Guangzhou Baiyun International Airport Co. Ltd. Class A (XSSC) | 196,466 | 375 |
| | Shanying International Holding Co. Ltd. Class A (XSHG) | 1,176,000 | 374 |
| | MYS Group Co. Ltd. Class A (XSHE) | 789,767 | 374 |
| | Shenzhen Gongjin Electronics Co. Ltd. Class A (XSHG) | 306,240 | 374 |
| * | Shenzhen New Nanshan Holding Group Co. Ltd. Class A (XSHE) | 898,744 | 373 |
| | Shanghai Sinyang Semiconductor Materials Co. Ltd. Class A (XSHE) | 88,500 | 372 |
| * | Sichuan Haite High-tech Co. Ltd. Class A (XSHE) | 302,880 | 371 |
| | Maanshan Iron & Steel Co. Ltd. Class H | 2,306,000 | 370 |
| | Winall Hi-Tech Seed Co. Ltd. Class A | 182,400 | 370 |
| * | Guizhou Zhongyida Co. Ltd. Class A | 210,300 | 370 |
| | Sichuan Kelun Pharmaceutical Co. Ltd. Class A | 108,400 | 369 |
| | Guizhou Gas Group Corp. Ltd. Class A | 360,400 | 369 |
| | Unilumin Group Co. Ltd. Class A (XSHE) | 443,838 | 368 |
| | Rainbow Digital Commercial Co. Ltd. Class A | 537,099 | 368 |
| * | H&R Century Union Corp. Class A | 709,000 | 367 |
| | Deluxe Family Co. Ltd. Class A (XSHG) | 1,061,600 | 367 |
| | China Animal Husbandry Industry Co. Ltd. Class A (XSSC) | 201,768 | 367 |
| | Central China Land Media Co. Ltd. Class A | 374,700 | 366 |
| * | Macrolink Culturaltainment Development Co. Ltd. Class A (XSHE) | 1,056,632 | 366 |
| | Shanghai Xinhua Media Co. Ltd. Class A | 787,200 | 366 |
| * | Shanghai Shimao Co. Ltd. Class A (XSHG) | 1,219,830 | 366 |
| | Oriental Pearl Group Co. Ltd. Class A (XSSC) | 438,393 | 363 |
| | Fujian Longxi Bearing Group Co. Ltd. Class A | 366,699 | 363 |
| | Shenzhen Overseas Chinese Town Co. Ltd. Class A | 627,000 | 362 |
| | Changzhou Tronly New Electronic Materials Co. Ltd. Class A | 325,700 | 361 |
| | Yunnan Botanee Bio-Technology Group Co. Ltd. Class A | 18,400 | 361 |
| * | Jiangsu Zhongnan Construction Group Co. Ltd. Class A | 1,287,637 | 360 |
| | Jiangxi Lianchuang Optoelectronic Science & Technology Co. Ltd. Class A (XSHG) | 98,300 | 360 |
| | Suzhou TFC Optical Communication Co. Ltd. Class A | 93,000 | 360 |
| | Zheshang Securities Co. Ltd. Class A | 257,100 | 359 |
| | Dalian Huarui Heavy Industry Group Co. Ltd. Class A | 478,000 | 359 |
| * | Guang Dong Tloong Technology Group Co. Ltd. Class A | 723,970 | 359 |
| | Konka Group Co. Ltd. Class A (XSHE) | 535,900 | 358 |
| | China Wafer Level CSP Co. Ltd. Class A | 129,292 | 358 |
| | Jinhui Liquor Co. Ltd. Class A | 130,000 | 358 |
| * | Sunward Intelligent Equipment Co. Ltd. Class A (XSHE) | 424,600 | 357 |
| | Shenzhen H&T Intelligent Control Co. Ltd. Class A | 175,700 | 356 |
| | Shanghai Belling Co. Ltd. Class A (XSHG) | 143,000 | 356 |
| | Shenzhen Tellus Holding Co. Ltd. Class A (XSHE) | 159,510 | 356 |
| | Unilumin Group Co. Ltd. Class A | 428,200 | 355 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Shenzhen Ysstech Info-tech Co. Ltd. Class A | 305,400 | 354 |
| * | Guangzhou Pearl River Development Group Co. Ltd. Class A | 783,820 | 353 |
| | Ligao Foods Co. Ltd. Class A | 34,600 | 351 |
| * | Strait Innovation Internet Co. Ltd. Class A | 640,698 | 349 |
| | Jiangsu Jiangnan High Polymer Fiber Co. Ltd. Class A (XSSC) | 1,274,005 | 349 |
| | Yunda Holding Co. Ltd. Class A | 192,166 | 348 |
| | Three Squirrels Inc. Class A | 149,540 | 347 |
| * | Liaoning Shenhua Holdings Co. Ltd. | 1,326,800 | 346 |
| * | Jiangmen Kanhoo Industry Co. Ltd. Class A | 214,117 | 346 |
| | Dongfeng Electronic Technology Co. Ltd. Class A (XSSC) | 248,888 | 346 |
| | Zhuzhou Qianjin Pharmaceutical Co. Ltd. Class A (XSSC) | 252,760 | 345 |
| * | STO Express Co. Ltd. Class A | 223,899 | 344 |
| | China Meheco Co. Ltd. Class A | 198,184 | 343 |
| | Shanghai Xujiahui Commercial Co. Ltd. Class A | 342,500 | 343 |
| | Shanghai New World Co. Ltd. Class A (XSHG) | 398,500 | 342 |
| | Tangshan Sanyou Chemical Industries Co. Ltd. Class A (XSHG) | 435,200 | 340 |
| | Metro Land Corp. Ltd. Class A | 561,500 | 339 |
| | Shanghai DragonNet Technology Co. Ltd. Class A | 300,901 | 338 |
| * | Shenzhen World Union Group Inc. Class A | 978,805 | 336 |
| * | China Television Media Ltd. Class A | 310,000 | 336 |
| | Changjiang & Jinggong Steel Building Group Co. Ltd. Class A (XSHG) | 590,400 | 335 |
| | Wuxi Commercial Mansion Grand Orient Co. Ltd. Class A (XSHG) | 558,122 | 335 |
| | Guangzhou Shangpin Home Collection Co. Ltd. Class A (XSHE) | 134,315 | 335 |
| | Zhejiang China Light & Textile Industrial City Group Co. Ltd. Class A (XSSC) | 615,704 | 335 |
| | Hangzhou Zhongheng Electric Co. Ltd. Class A (XSHE) | 325,667 | 333 |
| * | JiangSu WuZhong Pharmaceutical Development Co. Ltd. Class A (XSSC) | 359,939 | 333 |
| | Tianjin Benefo Tejing Electric Co. Ltd. Class A (XSSC) | 602,466 | 333 |
| | Betta Pharmaceuticals Co. Ltd. Class A (XSHE) | 53,200 | 333 |
| | Guangdong Baolihua New Energy Stock Co. Ltd. Class A | 451,000 | 332 |
| * | Kunshan Kersen Science & Technology Co. Ltd. Class A | 345,300 | 332 |
| * | Xiangxue Pharmaceutical Co. Ltd. Class A | 460,600 | 332 |
| | Renhe Pharmacy Co. Ltd. Class A | 381,501 | 331 |
| * | JiangSu WuZhong Pharmaceutical Development Co. Ltd. Class A (XSHG) | 358,400 | 331 |
| * | Zhejiang NetSun Co. Ltd. Class A (XSEC) | 184,600 | 331 |
| | Longmaster Information & Technology Co. Ltd. Class A (XSEC) | 246,300 | 331 |
| | Suning Universal Co. Ltd. Class A | 796,549 | 330 |
| | Guangzhou Holike Creative Home Co. Ltd. Class A (XSHG) | 220,658 | 330 |
| | Jiangsu SINOJIT Wind Energy Technology Co. Ltd. Class A (XSSC) | 566,627 | 329 |
| * | Shandong Chenming Paper Holdings Ltd. Class A (XSEC) | 509,141 | 328 |
| | Eoptolink Technology Inc. Ltd. Class A | 92,445 | 328 |
| | Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd. Class A | 50,700 | 327 |
| * | Jinke Properties Group Co. Ltd. Class A | 1,338,788 | 326 |
| | Zhuhai Huafa Properties Co. Ltd. Class A (XSHG) | 276,840 | 325 |
| | Shenzhen Agricultural Products Group Co. Ltd. Class A | 461,800 | 324 |
| | Fujian Funeng Co. Ltd. Class A | 220,488 | 324 |
| | Fujian Cement Inc. Class A | 472,320 | 324 |
| | | | | | Shares | Market
Value•
($000) |
| * | Shanghai Lonyer Fuels Co. Ltd. Class A | 326,300 | 323 |
| | China World Trade Center Co. Ltd. Class A (XSHG) | 172,500 | 322 |
| | China Railway Tielong Container Logistics Co. Ltd. Class A (XSHG) | 450,150 | 321 |
| | Huadian Heavy Industries Co. Ltd. Class A (XSHG) | 414,676 | 320 |
| | Shandong Dongyue Organosilicon Material Co. Ltd. Class A (XSHE) | 187,500 | 320 |
| * | Jiangsu Kanion Pharmaceutical Co. Ltd. Class A (XSSC) | 121,218 | 319 |
| * | Qingdao Kingking Applied Chemistry Co. Ltd. Class A | 680,270 | 319 |
| | Inner Mongolia Yuan Xing Energy Co. Ltd. Class A | 359,400 | 318 |
| | Shanghai New Huang Pu Industrial Group Co. Ltd. Class A (XSHG) | 474,480 | 318 |
| | Suzhou New District Hi-Tech Industrial Co. Ltd. Class A (XSHG) | 534,800 | 318 |
| | Topsec Technologies Group Inc. Class A | 205,200 | 317 |
| | Ningbo Yunsheng Co. Ltd. Class A (XSHG) | 232,740 | 317 |
| | Western Region Gold Co. Ltd. Class A (XSHG) | 194,400 | 315 |
| | CNGR Advanced Material Co. Ltd. Class A | 31,700 | 315 |
| | Xiamen Kingdomway Group Co. Class A | 136,200 | 314 |
| | Shenzhen Megmeet Electrical Co. Ltd. Class A | 90,300 | 314 |
| | Guomai Technologies Inc. Class A | 287,886 | 313 |
| | Shanghai Rongtai Health Technology Corp. Ltd. Class A | 120,900 | 313 |
| * | Tangel Culture Co. Ltd. Class A | 745,400 | 313 |
| | Telling Telecommunication Holding Co. Ltd. Class A (XSHE) | 257,000 | 312 |
| | Shenzhen Suntak Circuit Technology Co. Ltd. Class A (XSHE) | 213,000 | 311 |
| * | Shanghai Jiao Yun Co. Ltd. Class A (XSSC) | 643,190 | 311 |
| | Hangzhou Robam Appliances Co. Ltd. Class A | 110,300 | 310 |
| * | China Quanjude Group Co. Ltd. Class A | 278,800 | 310 |
| | Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A | 506,160 | 309 |
| | Beijing Urban Construction Investment & Development Co. Ltd. Class A (XSSC) | 678,255 | 309 |
| | Ovctek China Inc. Class A | 75,740 | 308 |
| | Wolong Electric Group Co. Ltd. Class A (XSHG) | 180,200 | 307 |
| | Tian Di Science & Technology Co. Ltd. Class A (XSHG) | 456,100 | 307 |
| | Jinyu Bio-Technology Co. Ltd. Class A (XSHG) | 268,996 | 306 |
| * | Huafon Microfibre Shanghai Technology Co. Ltd. | 593,346 | 305 |
| | Sino-Platinum Metals Co. Ltd. Class A (XSHG) | 148,298 | 305 |
| | Thinkingdom Media Group Ltd. Class A | 124,581 | 305 |
| * | Wuxi Hodgen Technology Co. Ltd. Class A | 416,100 | 304 |
| * | Tunghsu Azure Renewable Energy Co. Ltd. Class A (XSHE) | 597,100 | 303 |
| | Befar Group Co. Ltd. Class A (XSSC) | 439,492 | 302 |
| | Shandong Jinjing Science & Technology Co. Ltd. Class A (XSHG) | 275,100 | 302 |
| * | Jiangsu Yueda Investment Co. Ltd. Class A (XSSC) | 486,700 | 302 |
| | CNPC Capital Co. Ltd. Class A | 490,091 | 302 |
| | Luenmei Quantum Co. Ltd. Class A | 351,842 | 301 |
| | Neway Valve Suzhou Co. Ltd. Class A (XSHG) | 251,288 | 301 |
| | Beijing Capital Development Co. Ltd. Class A (XSHG) | 428,652 | 300 |
| * | Shaanxi Aerospace Power Hi-Tech Co. Ltd. Class A (XSSC) | 236,600 | 298 |
| | Shanghai Maling Aquarius Co. Ltd. Class A (XSHG) | 323,200 | 298 |
| | Jiangsu General Science Technology Co. Ltd. Class A | 612,840 | 298 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Fujian Green Pine Co. Ltd. Class A | 355,400 | 298 |
| | MYS Group Co. Ltd. Class A (XSEC) | 628,125 | 297 |
| | Xiamen ITG Group Corp. Ltd. Class A (XSHG) | 348,100 | 297 |
| | Duzhe Publishing & Media Co. Ltd. Class A | 442,500 | 294 |
| | Weifu High-Technology Group Co. Ltd. Class A | 124,100 | 293 |
| | Guangdong Zhongnan Iron & Steel Co. Ltd. Class A (XSHE) | 794,400 | 293 |
| | Guangdong South New Media Co. Ltd. Class A | 67,212 | 293 |
| *,3 | Sunac China Holdings Ltd. | 45,814,020 | 292 |
| | Shanghai Dazhong Public Utilities Group Co. Ltd. Class A | 742,600 | 292 |
| | Tongyu Communication Inc. Class A (XSHE) | 182,475 | 292 |
| * | Beijing Hualian Department Store Co. Ltd. Class A (XSHE) | 1,344,700 | 291 |
| | Rongan Property Co. Ltd. Class A (XSHE) | 814,200 | 291 |
| | Zhejiang Aokang Shoes Co. Ltd. Class A | 359,876 | 291 |
| | Lucky Film Co. Class A (XSHG) | 309,500 | 289 |
| | Shanghai Shenda Co. Ltd. Class A (XSHG) | 623,500 | 289 |
| | Shanghai Chinafortune Co. Ltd. Class A (XSHG) | 196,700 | 289 |
| | Hexing Electrical Co. Ltd. Class A (XSHG) | 120,021 | 289 |
| * | Shandong Yisheng Livestock & Poultry Breeding Co. Ltd. Class A | 210,700 | 287 |
| * | Hainan Ruize New Building Material Co. Ltd. Class A (XSHE) | 766,704 | 287 |
| | Dashang Co. Ltd. Class A (XSSC) | 132,900 | 285 |
| | Shanxi Blue Flame Holding Co. Ltd. Class A (XSHE) | 246,440 | 284 |
| * | Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A (XSHE) | 833,200 | 282 |
| | Visual China Group Co. Ltd. Class A | 202,419 | 281 |
| | Shenzhen Batian Ecotypic Engineering Co. Ltd. Class A (XSEC) | 395,100 | 281 |
| | Sichuan Changhong Electric Co. Ltd. Class A (XSSC) | 787,438 | 281 |
| | Zhejiang Jingxin Pharmaceutical Co. Ltd. Class A | 155,280 | 280 |
| | JCHX Mining Management Co. Ltd. Class A (XSSC) | 96,073 | 280 |
| | Sansure Biotech Inc. Class A | 80,076 | 280 |
| * | Harbin Pharmaceutical Group Co. Ltd. Class A (XSHG) | 739,354 | 279 |
| * | Shenzhen Silver Basis Technology Co. Ltd. Class A | 355,546 | 278 |
| | Inmyshow Digital Technology Group Co. Ltd. (XSHG) | 338,000 | 278 |
| * | Citychamp Dartong Co. Ltd. Class A (XSHG) | 668,700 | 276 |
| * | Ligeance Aerospace Technology Co. Ltd. Class A (XSEC) | 262,000 | 276 |
| | Giant Network Group Co. Ltd. Class A | 259,300 | 276 |
| | Zhejiang Wanma Co. Ltd. Class A | 221,800 | 275 |
| * | JC Finance & Tax Interconnect Holdings Ltd. Class A (XSEC) | 250,100 | 274 |
| * | Guangdong Huatie Tongda High-speed Railway Equipment Corp. Class A | 515,756 | 273 |
| | Shenzhen Noposion Agrochemicals Co. Ltd. Class A (XSHE) | 383,200 | 272 |
| | Xinfengming Group Co. Ltd. Class A | 243,655 | 271 |
| | Shanghai New World Co. Ltd. Class A (XSSC) | 314,400 | 270 |
| | Luxin Venture Capital Group Co. Ltd. Class A (XSSC) | 165,708 | 269 |
| *,3 | Colour Life Services Group Co. Ltd. | 3,390,570 | 268 |
| * | Jiangsu Phoenix Property Investment Co. Ltd. Class A (XSSC) | 533,520 | 268 |
| | Suzhou Anjie Technology Co. Ltd. Class A | 150,460 | 267 |
| * | Sichuan Languang Development Co. Ltd. Class A (XSHG) | 1,707,860 | 267 |
| | Tianjin Benefo Tejing Electric Co. Ltd. Class A (XSHG) | 481,300 | 266 |
| | | | | | Shares | Market
Value•
($000) |
| * | Shenzhen Hongtao Group Co. Ltd. Class A | 1,043,260 | 266 |
| | Shenzhen Jieshun Science & Technology Industry Co. Ltd. Class A | 249,626 | 265 |
| | Ganfeng Lithium Group Co. Ltd. Class A | 24,360 | 264 |
| | Qinhuangdao Port Co. Ltd. Class A (XSHG) | 729,500 | 263 |
| * | AECC Aero Science & Technology Co. Ltd. Class A (XSSC) | 103,600 | 263 |
| | Henan Yuguang Gold & Lead Co. Ltd. Class A | 391,300 | 260 |
| | Shenzhen Aisidi Co. Ltd. Class A | 188,800 | 259 |
| * | Jiangsu Yueda Investment Co. Ltd. Class A (XSHG) | 417,600 | 259 |
| | Jiangsu SINOJIT Wind Energy Technology Co. Ltd. Class A (XSHG) | 441,600 | 256 |
| | YongXing Special Materials Technology Co. Ltd. Class A | 15,900 | 254 |
| * | Beijing Philisense Technology Co. Ltd. Class A | 492,033 | 253 |
| * | An Hui Wenergy Co. Ltd. Class A | 395,790 | 252 |
| | Bestsun Energy Co. Ltd. Class A (XSSC) | 436,100 | 251 |
| | Maoye Commercial Co. Ltd. Class A (XSHG) | 591,102 | 251 |
| * | Beijing Hualian Department Store Co. Ltd. Class A (XSEC) | 1,155,081 | 250 |
| | Shanghai AtHub Co. Ltd. Class A | 69,580 | 249 |
| * | Shenzhen Anche Technologies Co. Ltd. Class A (XSHE) | 150,000 | 249 |
| * | Macrolink Culturaltainment Development Co. Ltd. Class A (XSEC) | 718,242 | 248 |
| | Zhuzhou Hongda Electronics Corp. Ltd. Class A | 40,800 | 248 |
| * | China Fortune Land Development Co. Ltd. Class A (XSHG) | 824,578 | 248 |
| | COSCO SHIPPING Development Co. Ltd. Class A (XSSC) | 730,576 | 245 |
| * | Visionox Technology Inc. Class A | 300,796 | 244 |
| * | Guangdong Dongfang Precision Science & Technology Co. Ltd. Class A | 414,800 | 243 |
| | Shenzhen Kinwong Electronic Co. Ltd. Class A | 86,772 | 242 |
| | Realcan Pharmaceutical Group Co. Ltd. Class A | 420,100 | 241 |
| * | China High Speed Railway Technology Co. Ltd. Class A (XSHE) | 782,197 | 241 |
| | Xiamen International Airport Co. Ltd. Class A (XSHG) | 122,000 | 241 |
| | Shenzhen Noposion Agrochemicals Co. Ltd. Class A (XSEC) | 338,500 | 240 |
| | Hangzhou Jiebai Group Co. Ltd. Class A (XSHG) | 287,900 | 240 |
| * | Chongqing Dima Industry Co. Ltd. Class A (XSHG) | 868,700 | 240 |
| | Jiangsu GoodWe Power Supply Technology Co. Ltd. Class A | 5,199 | 239 |
| * | Greattown Holdings Ltd. Class A | 546,421 | 236 |
| * | RiseSun Real Estate Development Co. Ltd. Class A | 855,744 | 235 |
| | Jiangsu Expressway Co. Ltd. Class A (XSSC) | 228,800 | 234 |
| | CSG Holding Co. Ltd. Class A | 249,200 | 234 |
| | Sansure Biotech Inc. Class A (XSHG) | 66,779 | 234 |
| | Zhejiang Weixing New Building Materials Co. Ltd. Class A | 97,600 | 233 |
| | Zhejiang Guyuelongshan Shaoxing Wine Co. Ltd. Class A (XSSC) | 195,598 | 233 |
| * | Lanzhou LS Heavy Equipment Co. Ltd. Class A (XSHG) | 274,385 | 233 |
| | Bengang Steel Plates Co. Ltd. Class B | 1,215,011 | 232 |
| | Hisense Home Appliances Group Co. Ltd. | 280,000 | 232 |
| | Hangzhou Zhongheng Electric Co. Ltd. Class A (XSEC) | 225,600 | 231 |
| * | Suzhou Chunxing Precision Mechanical Co. Ltd. Class A (XSEC) | 293,600 | 227 |
| | IReader Technology Co. Ltd. Class A | 115,394 | 226 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Shenzhen New Nanshan Holding Group Co. Ltd. Class A | 540,800 | 225 |
| | CQ Pharmaceutical Holding Co. Ltd. Class A | 321,900 | 225 |
| | Yabao Pharmaceutical Group Co. Ltd. Class A (XSHG) | 270,400 | 224 |
| | Black Peony Group Co. Ltd. Class A (XSHG) | 225,400 | 223 |
| | Camel Group Co. Ltd. Class A (XSHG) | 190,580 | 223 |
| | China Petroleum Engineering Corp. | 584,100 | 221 |
| | Beijing Bashi Media Co. Ltd. Class A (XSSC) | 439,434 | 220 |
| | Jiangsu Gian Technology Co. Ltd. Class A (XSEC) | 55,008 | 219 |
| | Guizhou Panjiang Refined Coal Co. Ltd. Class A | 237,600 | 218 |
| | Chengtun Mining Group Co. Ltd. Class A (XSHG) | 286,400 | 218 |
| | Xinyu Iron & Steel Co. Ltd. Class A | 443,400 | 217 |
| | Accelink Technologies Co. Ltd. Class A | 92,200 | 215 |
| * | Chongqing Dima Industry Co. Ltd. Class A | 778,307 | 215 |
| * | EGing Photovoltaic Technology Co. Ltd. Class A (XSHG) | 271,800 | 215 |
| * | Suzhou Gold Mantis Construction Decoration Co. Ltd. Class A | 353,100 | 213 |
| | Qianhe Condiment & Food Co. Ltd. Class A | 99,504 | 213 |
| | Truking Technology Ltd. Class A (XSEC) | 92,500 | 213 |
| | Xinyangfeng Agricultural Technology Co. Ltd. Class A | 139,800 | 212 |
| | Jenkem Technology Co. Ltd. Class A | 9,368 | 211 |
| * | Kunwu Jiuding Investment Holdings Co. Ltd. Class A (XSSC) | 106,168 | 210 |
| | Zhuzhou Qianjin Pharmaceutical Co. Ltd. Class A (XSHG) | 153,960 | 210 |
| | Gree Real Estate Co. Ltd. Class A (XSHG) | 271,320 | 209 |
| | Shanghai Pudong Construction Co. Ltd. Class A (XSHG) | 227,783 | 209 |
| | Long Yuan Construction Group Co. Ltd. Class A (XSHG) | 281,700 | 209 |
| * | Jiangsu Phoenix Property Investment Co. Ltd. Class A (XSHG) | 409,000 | 206 |
| | Longshine Technology Group Co. Ltd. Class A | 58,000 | 205 |
| | Lucky Film Co. Class A (XSSC) | 219,191 | 205 |
| | Anker Innovations Technology Co. Ltd. Class A (XSHE) | 27,600 | 205 |
| * | Tongding Interconnection Information Co. Ltd. Class A (XSEC) | 268,000 | 203 |
| | Beijing Teamsun Technology Co. Ltd. Class A (XSHG) | 271,420 | 203 |
| | Ningbo David Medical Device Co. Ltd. Class A (XSHE) | 94,800 | 203 |
| * | Alpha Group Class A | 339,300 | 202 |
| | Ningxia Building Materials Group Co. Ltd. Class A (XSHG) | 129,000 | 202 |
| | Huaren Pharmaceutical Co. Ltd. Class A (XSHE) | 363,900 | 202 |
| | Guangdong Anjubao Digital Technology Co. Ltd. Class A | 298,900 | 200 |
| | Guangdong Golden Dragon Development Inc. Class A | 114,600 | 199 |
| | Shanghai Shenda Co. Ltd. Class A (XSSC) | 427,300 | 198 |
| * | Taiyuan Heavy Industry Co. Ltd. Class A (XSHG) | 613,100 | 198 |
| | Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd. Class A (XSHE) | 324,720 | 198 |
| | China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd. Class A | 250,600 | 198 |
| | Shanghai New Huang Pu Industrial Group Co. Ltd. Class A (XSSC) | 294,716 | 197 |
| * | Genetron Holdings Ltd. ADR | 241,913 | 197 |
| 1,2 | Orient Securities Co. Ltd. Class H | 524,000 | 196 |
| | Lingyun Industrial Corp. Ltd. Class A (XSHG) | 178,724 | 196 |
| * | Zhejiang Wanliyang Co. Ltd. Class A | 186,300 | 192 |
| | | | | | Shares | Market
Value•
($000) |
| | Wolong Real Estate Group Co. Ltd. Class A (XSHG) | 280,100 | 191 |
| | Nanjing Xinjiekou Department Store Co. Ltd. Class A (XSHG) | 162,400 | 186 |
| * | Yantai Zhenghai Magnetic Material Co. Ltd. Class A | 109,800 | 185 |
| | Sichuan EM Technology Co. Ltd. Class A (XSSC) | 127,140 | 185 |
| * | LingNan Eco&Culture-Tourism Co. Ltd. Class A (XSEC) | 521,400 | 184 |
| | China Harzone Industry Corp. Ltd. Class A (XSHE) | 192,543 | 183 |
| | Beijing Bashi Media Co. Ltd. Class A (XSHG) | 362,236 | 182 |
| * | Guizhou Yibai Pharmaceutical Co. Ltd. Class A (XSSC) | 237,100 | 182 |
| | Changzhou Tronly New Electronic Materials Co. Ltd. Class A (XSHE) | 164,114 | 182 |
| | Changshu Fengfan Power Equipment Co. Ltd. Class A (XSHG) | 263,500 | 179 |
| | Avary Holding Shenzhen Co. Ltd. Class A | 43,500 | 178 |
| | Red Star Macalline Group Corp. Ltd. Class A | 305,030 | 177 |
| * | Baosheng Science & Technology Innovation Co. Ltd. Class A (XSHG) | 226,569 | 176 |
| | Wuxi Commercial Mansion Grand Orient Co. Ltd. Class A (XSSC) | 291,225 | 175 |
| | Hangxiao Steel Structure Co. Ltd. Class A | 324,200 | 174 |
| * | Kunshan Kersen Science & Technology Co. Ltd. Class A (XSHG) | 177,968 | 171 |
| | Hainan Poly Pharm Co. Ltd. Class A | 46,824 | 170 |
| | Canny Elevator Co. Ltd. Class A | 185,877 | 169 |
| *,3 | Fantasia Holdings Group Co. Ltd. | 6,583,520 | 168 |
| | Xiamen International Airport Co. Ltd. Class A (XSSC) | 84,970 | 168 |
| | Jiangsu Lopal Tech Co. Ltd. Class A (XSSC) | 43,800 | 166 |
| | Chongqing Zongshen Power Machinery Co. Ltd. Class A | 187,500 | 165 |
| | Jiangsu Yoke Technology Co. Ltd. Class A | 20,100 | 162 |
| * | Hytera Communications Corp. Ltd. Class A | 219,500 | 159 |
| | Shenzhen Desay Battery Technology Co. Class A | 23,345 | 159 |
| | YGSOFT Inc. Class A | 173,738 | 159 |
| * | Grandjoy Holdings Group Co. Ltd. Class A | 359,500 | 155 |
| | Nantong Jianghai Capacitor Co. Ltd. Class A | 44,660 | 155 |
| | Deluxe Family Co. Ltd. Class A (XSSC) | 437,436 | 151 |
| | Wuxi Taiji Industry Co. Ltd. Class A (XSHG) | 204,420 | 150 |
| | Shanghai Zijiang Enterprise Group Co. Ltd. Class A (XSHG) | 217,600 | 149 |
| * | Guangdong Shenglu Telecommunication Tech Co. Ltd. Class A (XSEC) | 98,000 | 148 |
| | Zhejiang Orient Financial Holdings Group Co. Ltd. Class A | 290,550 | 146 |
| | Foshan Electrical & Lighting Co. Ltd. Class A | 211,200 | 146 |
| | Shenzhen Tellus Holding Co. Ltd. Class A (XSEC) | 64,297 | 144 |
| | Shanghai Industrial Development Co. Ltd. Class A (XSHG) | 357,890 | 144 |
| | Sichuan Expressway Co. Ltd. Class A (XSHG) | 284,100 | 144 |
| | Huaxi Securities Co. Ltd. Class A | 142,200 | 143 |
| * | Shanghai Jiao Yun Co. Ltd. Class A (XSHG) | 293,500 | 142 |
| * | Innuovo Technology Co. Ltd. Class A | 158,700 | 142 |
| | Shang Gong Group Co. Ltd. Class B | 389,814 | 141 |
| | Hunan Aihua Group Co. Ltd. Class A | 42,200 | 140 |
| * | Hainan Mining Co. Ltd. Class A (XSSC) | 153,262 | 138 |
| | Zhejiang Hangmin Co. Ltd. Class A (XSSC) | 141,939 | 137 |
| | Changzhou Qianhong Biopharma Co. Ltd. Class A (XSEC) | 171,350 | 137 |
| | Shanghai Bright Power Semiconductor Co. Ltd. Class A | 9,837 | 136 |
| | Goldenmax International Group Ltd. Class A | 123,800 | 135 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | TangShan Port Group Co. Ltd. Class A (XSHG) | 391,248 | 135 |
| * | Jilin Zixin Pharmaceutical Industrial Co. Ltd. Class A (XSEC) | 393,700 | 133 |
| | Huabao Flavours & Fragrances Co. Ltd. Class A | 42,321 | 133 |
| | CECEP Wind-Power Corp. Class A (XSHG) | 225,800 | 133 |
| * | Shenzhen Bauing Construction Holding Group Co. Ltd. Class A (XSEC) | 207,400 | 129 |
| * | Shandong Minhe Animal Husbandry Co. Ltd. Class A (XSEC) | 58,900 | 129 |
| | Shenzhen Fine Made Electronics Group Co. Ltd. Class A | 23,100 | 129 |
| | China Great Wall Securities Co. Ltd. Class A | 115,600 | 128 |
| * | Fujian Aonong Biological Technology Group Inc. Ltd. Class A (XSSC) | 72,280 | 127 |
| | Guangxi Guidong Electric Power Co. Ltd. Class A (XSSC) | 321,240 | 127 |
| * | Hunan Er-Kang Pharmaceutical Co. Ltd. Class A (XSHE) | 291,100 | 127 |
| * | Shunfa Hengye Corp. Class A (XSEC) | 271,120 | 125 |
| * | Gem-Year Industrial Co. Ltd. Class A (XSHG) | 196,000 | 125 |
| | Yantai Eddie Precision Machinery Co. Ltd. Class A | 63,560 | 124 |
| | JL Mag Rare-Earth Co. Ltd. Class A | 29,120 | 124 |
| *,2 | BEST Inc. ADR | 210,387 | 124 |
| | Jiangsu Jiangnan High Polymer Fiber Co. Ltd. Class A (XSHG) | 448,520 | 123 |
| | Yantai Changyu Pioneer Wine Co. Ltd. Class A | 32,500 | 121 |
| * | Oceanwide Holdings Co. Ltd. Class A | 767,000 | 119 |
| | Huafu Fashion Co. Ltd. | 278,500 | 116 |
| | Guangzhou Shangpin Home Collection Co. Ltd. Class A | 46,662 | 116 |
| * | Hybio Pharmaceutical Co. Ltd. Class A (XSHE) | 80,700 | 116 |
| * | Minmetals Development Co. Ltd. Class A (XSSC) | 104,800 | 116 |
| | Guangxi LiuYao Group Co. Ltd. Class A (XSSC) | 46,620 | 115 |
| * | 263 Network Communications Co. Ltd. Class A (XSEC) | 194,200 | 115 |
| * | Berry Genomics Co. Ltd. Class A | 65,305 | 114 |
| | Sichuan Tianyi Comheart Telecom Co. Ltd. Class A (XSEC) | 49,700 | 114 |
| | Shenzhen Sunlord Electronics Co. Ltd. Class A | 38,500 | 113 |
| | Shanghai Foreign Service Holding Group Co. Ltd. (XSSC) | 168,000 | 113 |
| | Kailuan Energy Chemical Co. Ltd. Class A (XSSC) | 121,600 | 112 |
| | Longmaster Information & Technology Co. Ltd. Class A (XSHE) | 82,600 | 111 |
| * | Polaris Bay Group Co. Ltd. Class A (XSSC) | 118,400 | 111 |
| | Shanghai Tongji Science & Technology Industrial Co. Ltd. Class A (XSHG) | 93,600 | 110 |
| | CGN Nuclear Technology Development Co. Ltd. Class A | 108,598 | 109 |
| * | Beijing Jingneng Power Co. Ltd. Class A (XSHG) | 252,800 | 109 |
| | China Enterprise Co. Ltd. Class A (XSSC) | 325,000 | 108 |
| | Bright Real Estate Group Co. Ltd. Class A (XSHG) | 388,531 | 108 |
| | Eastern Communications Co. Ltd. Class B | 259,500 | 106 |
| | PCI Technology Group Co. Ltd. Class A | 135,900 | 106 |
| | Guangzhou Zhujiang Brewery Co. Ltd. Class A | 119,859 | 106 |
| | Shenzhen Heungkong Holding Co. Ltd. Class A (XSHG) | 454,350 | 105 |
| | Jinzhou Port Co. Ltd. Class A | 267,100 | 105 |
| | Guangdong Tapai Group Co. Ltd. Class A | 110,900 | 103 |
| * | Jointo Energy Investment Co. Ltd. Hebei Class A | 145,900 | 103 |
| * | Fuan Pharmaceutical Group Co. Ltd. Class A (XSEC) | 206,900 | 103 |
| | | | | | Shares | Market
Value•
($000) |
| * | China Reform Health Management & Services Group Co. Ltd. Class A (XSEC) | 70,600 | 100 |
| * | Blue Sail Medical Co. Ltd. Class A | 87,564 | 99 |
| * | Huayuan Property Co. Ltd. Class A (XSHG) | 440,570 | 99 |
| * | Jiangsu Etern Co. Ltd. Class A (XSSC) | 195,000 | 97 |
| | Anhui Hengyuan Coal Industry & Electricity Power Co. Ltd. Class A (XSHG) | 89,440 | 96 |
| | Guangdong Ellington Electronics Technology Co. Ltd. Class A (XSHG) | 101,000 | 95 |
| | C&S Paper Co. Ltd. Class A | 72,800 | 94 |
| | Sumavision Technologies Co. Ltd. Class A | 135,700 | 92 |
| * | HyUnion Holding Co. Ltd. Class A | 87,800 | 92 |
| | Tongyu Communication Inc. Class A (XSEC) | 55,500 | 89 |
| | Imeik Technology Development Co. Ltd. Class A | 1,500 | 87 |
| * | Hainan Ruize New Building Material Co. Ltd. Class A (XSEC) | 219,000 | 82 |
| * | Zhejiang NetSun Co. Ltd. Class A (XSHE) | 45,000 | 81 |
| | Zhejiang Yasha Decoration Co. Ltd. Class A | 138,500 | 81 |
| | Jiangsu Nhwa Pharmaceutical Co. Ltd. Class A | 29,000 | 80 |
| * | Sichuan Languang Development Co. Ltd. Class A | 484,272 | 76 |
| | China Bester Group Telecom Co. Ltd. Class A (XSSC) | 52,000 | 75 |
| | Guangdong Dowstone Technology Co. Ltd. Class A (XSHE) | 36,700 | 72 |
| | Jiangsu Huaxicun Co. Ltd. Class A | 95,200 | 70 |
| | Zhejiang Garden Bio-Chemical High-tech Co. Ltd. Class A | 34,100 | 68 |
| * | YanTai Shuangta Food Co. Ltd. Class A | 90,500 | 67 |
| | Infore Environment Technology Group Co. Ltd. Class A | 105,300 | 67 |
| | Better Life Commercial Chain Share Co. Ltd. Class A | 94,200 | 64 |
| * | Wuhan P&S Information Technology Co. Ltd. Class A | 105,700 | 63 |
| | COFCO Capital Holdings Co. Ltd. Class A | 78,200 | 63 |
| | Jiangling Motors Corp. Ltd. Class A | 31,900 | 62 |
| | Zhejiang Hisoar Pharmaceutical Co. Ltd. Class A | 67,400 | 62 |
| | Beijing North Star Co. Ltd. Class A (XSHG) | 247,700 | 62 |
| | COSCO SHIPPING Specialized Carriers Co. Ltd. Class A (XSSC) | 67,400 | 61 |
| * | HPGC Renmintongtai Pharmaceutical Corp. Class A (XSSC) | 69,000 | 60 |
| | Neway Valve Suzhou Co. Ltd. Class A (XSSC) | 48,721 | 58 |
| | Anhui Kouzi Distillery Co. Ltd. Class A (XSHG) | 10,400 | 58 |
| | Vatti Corp. Ltd. Class A | 73,700 | 57 |
| | Ningbo Deye Technology Co. Ltd. Class A | 1,260 | 57 |
| | Wenfeng Great World Chain Development Corp. Class A (XSSC) | 163,313 | 56 |
| * | Huayi Brothers Media Corp. Class A (XSEC) | 195,302 | 55 |
| | Toly Bread Co. Ltd. Class A | 35,476 | 55 |
| * | Xiwang Foodstuffs Co. Ltd. Class A (XSEC) | 106,164 | 54 |
| | Enjoyor Technology Co. Ltd. Class A (XSHE) | 56,200 | 53 |
| | Changzheng Engineering Co. Ltd. Class A (XSSC) | 30,316 | 52 |
| | Guangdong Shirongzhaoye Co. Ltd. Class A (XSEC) | 70,056 | 49 |
| * | Beijing VRV Software Corp. Ltd. Class A | 73,500 | 48 |
| | Goldcard Smart Group Co. Ltd. (XSEC) | 35,510 | 48 |
| | Zhongshan Public Utilities Group Co. Ltd. Class A | 52,100 | 46 |
| * | Shenzhen Center Power Tech Co. Ltd. Class A | 17,600 | 45 |
| | Fulongma Group Co. Ltd. Class A | 34,300 | 41 |
| * | Cheng De Lolo Co. Ltd. Class A | 36,020 | 37 |
| * | Luoniushan Co. Ltd. Class A | 40,200 | 35 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Zhejiang Weiming Environment Protection Co. Ltd. Class A | 13,520 | 35 |
| | Zhejiang Meida Industrial Co. Ltd. Class A | 24,400 | 34 |
| * | Shenzhen Das Intellitech Co. Ltd. Class A | 71,600 | 32 |
| * | Shenzhen Anche Technologies Co. Ltd. Class A | 18,400 | 31 |
| | Shanghai Haixin Group Co. Class A | 32,500 | 31 |
| | Guangzhou Holike Creative Home Co. Ltd. Class A (XSSC) | 14,800 | 22 |
| | Times Neighborhood Holdings Ltd. | 403,701 | 18 |
| | China International Marine Containers Group Co. Ltd. Class A (XSEC) | 17,250 | 16 |
| * | Shanghai Fudan Forward S & T Co. Ltd. Class A (XSSC) | 10,910 | 9 |
| * | Hengdian Entertainment Co. Ltd. Class A (XSSC) | 722 | 1 |
| *,2,3 | Midas Holdings Ltd. | 202,000 | — |
| *,1,3 | Tianhe Chemicals Group Ltd. | 57,304,542 | — |
| *,3 | China Huishan Dairy Holdings Co. Ltd. | 70,679,103 | — |
| *,3 | China Fiber Optic Network System Group Ltd. | 17,564,000 | — |
| *,3 | Shenwu Environmental Technology Co. Ltd. | 616,265 | — |
| *,3 | Hua Han Health Industry Holdings Ltd. | 13,993,028 | — |
| | H World Group Ltd. | 70 | — |
| *,3 | CT Environmental Group Ltd. | 38,490,600 | — |
| *,3 | Kangmei Pharmaceutical Co. Ltd. | 676,212 | — |
| | | | | | | 23,684,929 |
| Colombia (0.2%) |
| | Bancolombia SA ADR | 1,586,256 | 40,243 |
| | Interconexion Electrica SA ESP | 6,032,207 | 23,536 |
| | Ecopetrol SA | 43,961,433 | 21,808 |
| | Bancolombia SA | 2,684,798 | 19,299 |
| | Grupo de Inversiones Suramericana SA | 1,381,773 | 11,138 |
| 2 | Ecopetrol SA ADR | 1,096,009 | 10,807 |
| | Bancolombia SA Preference Shares | 1,283,917 | 8,124 |
| | Banco Davivienda SA Preference Shares | 1,377,216 | 7,250 |
| | Grupo Aval Acciones y Valores SA Preference Shares | 47,711,519 | 5,217 |
| | Cementos Argos SA | 6,606,721 | 4,455 |
| | Grupo de Inversiones Suramericana SA Preference Shares | 1,167,879 | 3,230 |
| *,3 | BAC Holding International Corp. | 60,778,264 | 2,418 |
| | Grupo Aval Acciones y Valores SA ADR | 406,251 | 902 |
| | | | | | | 158,427 |
| Cyprus (0.0%) |
| * | Sunrisemezz plc | 1,109,312 | 90 |
| Czech Republic (0.1%) |
| | CEZ A/S | 2,190,592 | 71,590 |
| | Komercni Banka A/S | 1,049,837 | 30,068 |
| 1 | Moneta Money Bank A/S | 4,504,834 | 13,140 |
| | Philip Morris CR A/S | 6,097 | 4,080 |
| | Colt CZ Group SE | 19,267 | 428 |
| | | | | | | 119,306 |
| Egypt (0.1%) |
| | Commercial International Bank Egypt SAE | 30,855,560 | 41,361 |
| | Egypt Kuwait Holding Co. SAE | 8,937,569 | 9,817 |
| * | Egyptian Financial Group-Hermes Holding Co. | 14,561,726 | 8,064 |
| | Eastern Co. SAE | 13,529,138 | 6,663 |
| * | Fawry for Banking & Payment Technology Services SAE | 35,636,374 | 5,795 |
| | Talaat Moustafa Group | 14,061,132 | 4,810 |
| | Telecom Egypt Co. | 4,931,977 | 3,739 |
| * | ElSewedy Electric Co. | 10,308,046 | 3,631 |
| | Egypt Kuwait Holding Co. SAE (XCAI) | 1,519,670 | 1,758 |
| * | Medinet Nasr Housing | 14,230,342 | 1,629 |
| | | | | | | 87,267 |
| | | | | | Shares | Market
Value•
($000) |
| Greece (0.4%) |
| | Hellenic Telecommunications Organization SA | 2,988,878 | 46,939 |
| * | Eurobank Ergasias Services & Holdings SA | 35,309,377 | 34,858 |
| | OPAP SA | 2,579,510 | 31,607 |
| * | National Bank of Greece SA | 7,564,036 | 27,407 |
| * | Alpha Services & Holdings SA | 29,265,040 | 27,102 |
| | Mytilineos SA | 1,433,928 | 24,044 |
| | JUMBO SA | 1,538,889 | 21,858 |
| * | Public Power Corp. SA | 2,905,852 | 18,342 |
| | Terna Energy SA | 707,213 | 13,143 |
| | Motor Oil Hellas Corinth Refineries SA | 748,688 | 12,868 |
| * | Piraeus Financial Holdings SA | 7,765,187 | 9,573 |
| * | GEK Terna Holding Real Estate Construction SA | 771,604 | 7,345 |
| * | LAMDA Development SA | 949,434 | 5,752 |
| | HELLENIQ ENERGY HOLDINGS SA | 758,665 | 5,187 |
| | Athens Water Supply & Sewage Co. SA | 523,607 | 3,728 |
| | Viohalco SA | 838,041 | 3,146 |
| | Autohellas Tourist & Trading SA | 274,468 | 3,068 |
| | Sarantis SA | 436,033 | 2,733 |
| | Holding Co. ADMIE IPTO SA | 1,577,580 | 2,613 |
| | Hellenic Exchanges - Athens Stock Exchange SA | 817,635 | 2,531 |
| * | Aegean Airlines SA | 437,310 | 2,161 |
| * | Ellaktor SA | 1,174,012 | 2,015 |
| | Fourlis Holdings SA | 595,885 | 1,560 |
| | Quest Holdings SA | 370,977 | 1,479 |
| * | Galaxy Cosmos Mezz plc | 1,083,890 | 175 |
| *,3 | FF Group | 397,542 | — |
| | | | | | | 311,234 |
| Hong Kong (0.0%) |
| *,3 | Real Nutriceutical Group Ltd. | 1,315,000 | 34 |
| *,3 | Tech Pro Technology Development Ltd. | 122,060,000 | — |
| *,3 | SMI Holdings Group Ltd. | 18,314,748 | — |
| | | | | | | 34 |
| Hungary (0.2%) |
| | OTP Bank Nyrt. | 3,166,306 | 69,076 |
| | Richter Gedeon Nyrt. | 1,927,951 | 38,136 |
| | MOL Hungarian Oil & Gas plc | 4,947,637 | 29,706 |
| | Magyar Telekom Telecommunications plc | 5,266,697 | 3,782 |
| * | Opus Global Nyrt. | 3,119,542 | 896 |
| | | | | | | 141,596 |
| Iceland (0.0%) |
| | Marel hf | 2,383,963 | 8,345 |
| 1 | Arion Banki hf | 5,444,000 | 6,095 |
| | Islandsbanki hf | 3,653,813 | 3,240 |
| | Hagar hf | 4,329,400 | 2,162 |
| | Eimskipafelag Islands hf | 564,321 | 2,138 |
| * | Kvika banki hf | 15,542,553 | 2,060 |
| | Siminn hf | 24,555,000 | 1,929 |
| | Festi hf | 1,246,369 | 1,639 |
| | Reitir fasteignafelag hf | 2,446,507 | 1,559 |
| * | Origo hf | 1,755,181 | 1,010 |
| * | Icelandair Group hf | 69,957,172 | 910 |
| | Vatryggingafelag Islands hf | 3,944,604 | 493 |
| | Sjova-Almennar Tryggingar hf | 1,604,176 | 376 |
| | | | | | | 31,956 |
| India (19.4%) |
| | Reliance Industries Ltd. | 46,328,896 | 1,429,561 |
| | Infosys Ltd. | 48,958,953 | 912,500 |
| | Housing Development Finance Corp. Ltd. | 24,169,661 | 722,643 |
| | Tata Consultancy Services Ltd. | 14,066,487 | 542,855 |
| | Hindustan Unilever Ltd. | 12,221,904 | 377,090 |
| | Axis Bank Ltd. | 31,344,778 | 343,742 |
| | Bharti Airtel Ltd. | ��� 32,342,040 | 325,257 |
| | Bajaj Finance Ltd. | 3,249,578 | 280,894 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | ICICI Bank Ltd. | 21,576,513 | 237,241 |
| | Asian Paints Ltd. | 6,221,832 | 234,209 |
| | Larsen & Toubro Ltd. | 9,496,327 | 232,500 |
| | Maruti Suzuki India Ltd. | 1,821,511 | 210,003 |
| | Mahindra & Mahindra Ltd. | 12,685,256 | 207,037 |
| | Titan Co. Ltd. | 5,754,638 | 192,021 |
| | HCL Technologies Ltd. | 14,959,489 | 188,320 |
| | Sun Pharmaceutical Industries Ltd. | 14,992,874 | 184,214 |
| | ITC Ltd. | 40,830,552 | 172,155 |
| | Adani Total Gas Ltd. | 3,826,330 | 166,525 |
| | Adani Enterprises Ltd. | 3,710,338 | 150,170 |
| * | Adani Transmission Ltd. | 3,490,507 | 141,350 |
| | State Bank of India | 20,147,273 | 139,914 |
| * | Adani Green Energy Ltd. | 5,484,585 | 139,450 |
| | Tata Steel Ltd. | 112,347,648 | 137,796 |
| | NTPC Ltd. | 61,324,009 | 128,371 |
| | UltraTech Cement Ltd. | 1,576,339 | 128,059 |
| | Nestle India Ltd. | 495,777 | 122,085 |
| | Power Grid Corp. of India Ltd. | 43,361,742 | 119,638 |
| | JSW Steel Ltd. | 13,833,044 | 112,707 |
| | Grasim Industries Ltd. | 5,295,907 | 110,392 |
| | Bajaj Finserv Ltd. | 5,382,350 | 109,832 |
| | Adani Ports & Special Economic Zone Ltd. | 10,932,056 | 108,853 |
| | Tech Mahindra Ltd. | 8,350,633 | 107,397 |
| *,1 | Avenue Supermarts Ltd. | 2,053,549 | 107,254 |
| | Cipla Ltd. | 7,060,185 | 99,612 |
| * | Tata Motors Ltd. | 19,805,533 | 99,163 |
| | Hindalco Industries Ltd. | 19,451,169 | 95,293 |
| | Eicher Motors Ltd. | 1,914,757 | 89,215 |
| 1 | SBI Life Insurance Co. Ltd. | 5,798,831 | 88,863 |
| 1 | HDFC Life Insurance Co. Ltd. | 13,375,823 | 87,413 |
| | Oil & Natural Gas Corp. Ltd. | 50,763,879 | 82,003 |
| | Tata Consumer Products Ltd. | 8,371,927 | 77,961 |
| | Coal India Ltd. | 26,143,501 | 77,609 |
| | Divi's Laboratories Ltd. | 1,760,432 | 76,791 |
| | Apollo Hospitals Enterprise Ltd. | 1,374,873 | 75,073 |
| | Britannia Industries Ltd. | 1,643,677 | 74,842 |
| | Pidilite Industries Ltd. | 2,110,850 | 66,010 |
| | Wipro Ltd. | 13,976,299 | 65,401 |
| | UPL Ltd. | 7,304,127 | 64,482 |
| | Tata Power Co. Ltd. | 22,937,785 | 62,708 |
| | Ambuja Cements Ltd. | 9,515,654 | 61,318 |
| | Dr Reddy's Laboratories Ltd. | 1,131,706 | 60,916 |
| | SRF Ltd. | 1,960,946 | 60,690 |
| | Bharat Electronics Ltd. | 46,054,661 | 59,434 |
| | Hero MotoCorp Ltd. | 1,798,963 | 58,229 |
| | Vedanta Ltd. | 16,953,437 | 57,448 |
| * | Max Healthcare Institute Ltd. | 10,415,752 | 57,418 |
| * | Adani Power Ltd. | 13,349,654 | 54,124 |
| | Dabur India Ltd. | 7,982,174 | 53,518 |
| | Shree Cement Ltd. | 186,795 | 51,366 |
| * | Godrej Consumer Products Ltd. | 5,040,016 | 50,525 |
| | Bharat Petroleum Corp. Ltd. | 13,745,098 | 50,462 |
| | Info Edge India Ltd. | 1,055,596 | 50,023 |
| | Havells India Ltd. | 3,330,129 | 48,997 |
| * | Tata Motors Ltd. Class A | 17,089,468 | 48,630 |
| | Page Industries Ltd. | 80,535 | 48,449 |
| | Cholamandalam Investment & Finance Co. Ltd. | 5,560,825 | 47,698 |
| * | Zomato Ltd. | 62,401,612 | 47,595 |
| 1 | ICICI Lombard General Insurance Co. Ltd. | 3,320,439 | 46,958 |
| | Indian Hotels Co. Ltd. Class A | 11,587,754 | 46,750 |
| | Trent Ltd. | 2,523,711 | 46,614 |
| | Indian Oil Corp. Ltd. | 56,354,826 | 46,478 |
| | Marico Ltd. | 7,196,477 | 45,656 |
| | Tube Investments of India Ltd. | 1,353,324 | 44,841 |
| | Siemens Ltd. | 1,239,828 | 43,865 |
| | | | | | Shares | Market
Value•
($000) |
| * | United Spirits Ltd. | 3,988,056 | 43,205 |
| | Bajaj Auto Ltd. | 953,242 | 42,327 |
| | MRF Ltd. | 37,395 | 41,020 |
| | Shriram Transport Finance Co. Ltd. | 2,748,651 | 40,877 |
| | Tata Elxsi Ltd. | 474,504 | 40,108 |
| | SBI Cards & Payment Services Ltd. | 3,986,179 | 39,832 |
| | DLF Ltd. | 8,537,369 | 39,792 |
| | PI Industries Ltd. | 1,013,481 | 39,701 |
| | GAIL India Ltd. | 35,939,988 | 39,617 |
| | TVS Motor Co. Ltd. | 2,779,020 | 38,514 |
| | Jubilant Foodworks Ltd. | 5,016,351 | 37,005 |
| | Ashok Leyland Ltd. | 19,878,902 | 36,848 |
| | Container Corp. of India Ltd. | 3,815,302 | 36,822 |
| | Colgate-Palmolive India Ltd. | 1,855,281 | 36,610 |
| | Zee Entertainment Enterprises Ltd. Class B | 11,461,970 | 36,413 |
| | Varun Beverages Ltd. | 2,808,440 | 35,636 |
| | Hindustan Aeronautics Ltd. | 1,161,698 | 35,471 |
| 1 | Larsen & Toubro Infotech Ltd. | 614,495 | 35,203 |
| | Bharat Forge Ltd. | 3,484,590 | 35,154 |
| | Crompton Greaves Consumer Electricals Ltd. | 7,975,075 | 34,920 |
| | Embassy Office Parks REIT | 8,365,230 | 34,827 |
| | Federal Bank Ltd. | 21,789,388 | 34,653 |
| | ACC Ltd. | 1,190,920 | 34,433 |
| | Voltas Ltd. | 3,169,319 | 33,581 |
| | Indian Railway Catering & Tourism Corp. Ltd. | 3,620,259 | 32,480 |
| * | Yes Bank Ltd. | 172,677,424 | 32,467 |
| 1 | ICICI Prudential Life Insurance Co. Ltd. | 5,286,120 | 32,463 |
| *,1 | Bandhan Bank Ltd. | 10,914,752 | 31,519 |
| | State Bank of India GDR | 454,766 | 31,255 |
| 1 | AU Small Finance Bank Ltd. | 4,342,016 | 30,931 |
| | Tata Chemicals Ltd. | 2,253,807 | 30,879 |
| | Cummins India Ltd. | 1,888,732 | 30,754 |
| | Jindal Steel & Power Ltd. | 5,514,020 | 30,640 |
| | Astral Ltd. | 1,240,841 | 30,473 |
| | Bajaj Holdings & Investment Ltd. | 372,025 | 29,948 |
| | Persistent Systems Ltd. | 666,573 | 29,743 |
| | Mphasis Ltd. | 1,236,049 | 29,550 |
| *,1 | InterGlobe Aviation Ltd. | 1,361,528 | 29,381 |
| * | CG Power & Industrial Solutions Ltd. | 9,275,873 | 29,203 |
| | Dr Reddy's Laboratories Ltd. ADR | 534,293 | 29,017 |
| | Deepak Nitrite Ltd. | 1,034,217 | 28,963 |
| * | Max Financial Services Ltd. | 3,349,812 | 28,702 |
| * | IDFC First Bank Ltd. | 42,301,885 | 28,692 |
| | APL Apollo Tubes Ltd. | 2,143,135 | 27,989 |
| | Lupin Ltd. | 3,298,564 | 27,863 |
| 1 | Laurus Labs Ltd. | 5,011,494 | 27,541 |
| | ABB India Ltd. | 741,603 | 27,320 |
| | Indus Towers Ltd. | 12,079,668 | 27,099 |
| | Dixon Technologies India Ltd. | 495,802 | 27,090 |
| | Torrent Pharmaceuticals Ltd. | 1,344,540 | 26,828 |
| | Navin Fluorine International Ltd. | 480,004 | 26,423 |
| | Balkrishna Industries Ltd. | 1,108,201 | 26,307 |
| | Bank of Baroda | 14,553,052 | 25,992 |
| | Petronet LNG Ltd. | 10,369,325 | 25,759 |
| | Indraprastha Gas Ltd. | 4,837,067 | 25,065 |
| | Hindustan Petroleum Corp. Ltd. | 9,563,215 | 24,729 |
| | Mindtree Ltd. | 594,603 | 24,453 |
| | Bosch Ltd. | 120,851 | 24,095 |
| | Tata Communications Ltd. | 1,583,658 | 24,088 |
| | Berger Paints India Ltd. | 3,374,090 | 23,925 |
| | Aurobindo Pharma Ltd. | 3,652,952 | 23,749 |
| | Samvardhana Motherson International Ltd. | 30,383,824 | 23,686 |
| | Supreme Industries Ltd. | 898,531 | 23,605 |
| 1 | HDFC Asset Management Co. Ltd. | 931,546 | 23,379 |
| | Atul Ltd. | 229,279 | 23,208 |
| * | Fortis Healthcare Ltd. | 6,876,783 | 23,062 |
| | Coforge Ltd. | 495,239 | 22,782 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Motherson Sumi Wiring India Ltd. | 21,582,151 | 22,723 |
| * | Aditya Birla Fashion & Retail Ltd. | 5,256,268 | 22,484 |
| | Gujarat Fluorochemicals Ltd. | 489,668 | 22,430 |
| | LIC Housing Finance Ltd. | 4,572,567 | 22,412 |
| | Aarti Industries Ltd. | 2,636,919 | 22,294 |
| | Power Finance Corp. Ltd. | 15,842,745 | 22,072 |
| | Dalmia Bharat Ltd. | 1,137,621 | 22,036 |
| | JSW Energy Ltd. | 5,289,640 | 21,580 |
| | REC Ltd. | 17,192,452 | 21,302 |
| | Biocon Ltd. | 6,336,036 | 20,672 |
| | Ipca Laboratories Ltd. | 1,874,294 | 20,507 |
| | Mahindra & Mahindra Financial Services Ltd. | 8,242,702 | 20,134 |
| 1 | Sona Blw Precision Forgings Ltd. | 3,568,335 | 20,099 |
| | IIFL Finance Ltd. | 3,874,472 | 19,667 |
| | KPIT Technologies Ltd. | 2,275,664 | 19,521 |
| | United Breweries Ltd. | 959,919 | 19,186 |
| | Steel Authority of India Ltd. | 20,104,500 | 19,124 |
| | Schaeffler India Ltd. | 569,968 | 18,979 |
| | Bata India Ltd. | 856,135 | 18,928 |
| * | Godrej Properties Ltd. | 1,208,856 | 18,446 |
| | Muthoot Finance Ltd. | 1,461,557 | 18,442 |
| | Oberoi Realty Ltd. | 1,647,211 | 18,436 |
| | Torrent Power Ltd. | 3,018,790 | 18,409 |
| | Zydus Lifesciences Ltd. | 3,485,624 | 18,266 |
| | Apollo Tyres Ltd. | 5,108,535 | 17,959 |
| | Canara Bank | 5,087,200 | 17,874 |
| | Coromandel International Ltd. | 1,533,857 | 17,831 |
| | Piramal Enterprises Ltd. | 1,734,223 | 17,822 |
| * | Adani Wilmar Ltd. | 2,175,110 | 17,684 |
| | Phoenix Mills Ltd. | 1,020,990 | 17,619 |
| | AIA Engineering Ltd. | 541,896 | 17,573 |
| | Gujarat Gas Ltd. | 2,782,897 | 17,457 |
| | IDFC Ltd. | 18,365,904 | 17,204 |
| | Elgi Equipments Ltd. | 2,927,142 | 17,147 |
| | SKF India Ltd. | 321,216 | 17,085 |
| | Emami Ltd. | 2,954,556 | 16,927 |
| | Sundram Fasteners Ltd. | 1,481,022 | 16,763 |
| | NMDC Ltd. | 13,872,583 | 16,712 |
| | Grindwell Norton Ltd. | 656,544 | 16,679 |
| | NHPC Ltd. | 31,821,307 | 16,383 |
| | Bharat Heavy Electricals Ltd. | 18,212,354 | 16,297 |
| | Wipro Ltd. ADR | 3,406,938 | 16,013 |
| | Rajesh Exports Ltd. | 1,913,900 | 15,992 |
| | Carborundum Universal Ltd. | 1,545,087 | 15,820 |
| 1 | L&T Technology Services Ltd. | 367,022 | 15,702 |
| | Ramco Cements Ltd. | 1,767,069 | 15,419 |
| * | GMR Airports Infrastructure Ltd. | 33,970,651 | 15,383 |
| | Computer Age Management Services Ltd. | 498,118 | 15,354 |
| | UNO Minda Ltd. | 2,363,196 | 15,334 |
| | Kajaria Ceramics Ltd. | 1,158,602 | 15,158 |
| 1 | Dr Lal PathLabs Ltd. | 489,191 | 15,154 |
| | JK Cement Ltd. | 456,010 | 14,971 |
| * | PVR Ltd. | 694,018 | 14,901 |
| | KEI Industries Ltd. | 756,002 | 14,766 |
| | Honeywell Automation India Ltd. | 30,649 | 14,568 |
| | Solar Industries India Ltd. | 304,798 | 14,352 |
| | Radico Khaitan Ltd. | 1,124,508 | 14,176 |
| | Deepak Fertilisers & Petrochemicals Corp. Ltd. | 1,185,274 | 13,846 |
| | Thermax Ltd. | 519,616 | 13,637 |
| | Alkem Laboratories Ltd. | 342,763 | 13,069 |
| *,1 | Macrotech Developers Ltd. | 1,072,936 | 12,850 |
| | Angel One Ltd. | 653,145 | 12,655 |
| | Exide Industries Ltd. | 6,281,558 | 12,585 |
| | Blue Star Ltd. | 840,421 | 12,569 |
| | Lakshmi Machine Works Ltd. | 80,394 | 12,517 |
| | Timken India Ltd. | 342,024 | 12,403 |
| | Pfizer Ltd. | 234,236 | 12,383 |
| | | | | | Shares | Market
Value•
($000) |
| | Polycab India Ltd. | 364,155 | 12,228 |
| | L&T Finance Holdings Ltd. | 12,407,267 | 12,165 |
| 1 | Syngene International Ltd. | 1,590,339 | 12,134 |
| | Redington Ltd. | 7,152,441 | 11,816 |
| | Relaxo Footwears Ltd. | 1,006,743 | 11,764 |
| * | Vodafone Idea Ltd. | 112,835,072 | 11,675 |
| | City Union Bank Ltd. | 5,169,672 | 11,616 |
| * | FSN E-Commerce Ventures Ltd. | 832,386 | 11,605 |
| | JB Chemicals & Pharmaceuticals Ltd. | 481,388 | 11,482 |
| | Escorts Kubota Ltd. | 461,499 | 11,355 |
| | Oracle Financial Services Software Ltd. | 318,553 | 11,211 |
| | IIFL Wealth Management Ltd. | 521,938 | 11,187 |
| | Hindustan Zinc Ltd. | 3,253,777 | 11,151 |
| | Linde India Ltd. | 299,640 | 11,124 |
| | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 1,293,968 | 11,106 |
| * | 3M India Ltd. | 39,299 | 11,066 |
| | Kansai Nerolac Paints Ltd. | 1,882,199 | 11,061 |
| | HFCL Ltd. | 11,015,484 | 11,021 |
| | Poonawalla Fincorp Ltd. | 2,892,789 | 11,006 |
| | Amara Raja Batteries Ltd. | 1,751,735 | 10,860 |
| | Cyient Ltd. | ��� 1,198,388 | 10,860 |
| *,1 | Aster DM Healthcare Ltd. | 3,623,467 | 10,831 |
| | Central Depository Services India Ltd. | 729,202 | 10,791 |
| | National Aluminium Co. Ltd. | 12,632,266 | 10,710 |
| | Gujarat State Petronet Ltd. | 3,890,405 | 10,645 |
| | Castrol India Ltd. | 7,082,043 | 10,635 |
| | Oil India Ltd. | 4,557,681 | 10,610 |
| * | Piramal Pharma Ltd. | 5,308,348 | 10,575 |
| | EID Parry India Ltd. | 1,389,926 | 10,405 |
| | Brigade Enterprises Ltd. | 1,721,088 | 10,400 |
| | Cholamandalam Financial Holdings Ltd. | 1,366,734 | 10,367 |
| 1 | Indian Energy Exchange Ltd. | 6,104,884 | 10,326 |
| * | PB Fintech Ltd. | 2,190,245 | 10,231 |
| | Glenmark Pharmaceuticals Ltd. | 2,090,711 | 10,221 |
| * | Suzlon Energy Ltd. | 105,536,735 | 10,144 |
| | Bayer CropScience Ltd. | 178,252 | 10,078 |
| | Union Bank of India Ltd. | 15,393,610 | 10,040 |
| | GlaxoSmithKline Pharmaceuticals Ltd. | 602,796 | 10,031 |
| *,1 | RBL Bank Ltd. | 6,119,816 | 9,999 |
| * | EIH Ltd. | 4,265,232 | 9,992 |
| | Ratnamani Metals & Tubes Ltd. | 398,054 | 9,918 |
| * | One 97 Communications Ltd. | 1,259,817 | 9,726 |
| | UTI Asset Management Co. Ltd. | 1,143,356 | 9,700 |
| * | Star Health & Allied Insurance Co. Ltd. | 1,123,916 | 9,689 |
| | Narayana Hrudayalaya Ltd. | 1,012,129 | 9,678 |
| * | Aavas Financiers Ltd. | 392,776 | 9,592 |
| | Chambal Fertilisers & Chemicals Ltd. | 2,409,688 | 9,508 |
| | Manappuram Finance Ltd. | 7,442,870 | 9,472 |
| | Asahi India Glass Ltd. | 1,270,111 | 9,465 |
| | Great Eastern Shipping Co. Ltd. | 1,404,227 | 9,445 |
| | Happiest Minds Technologies Ltd. | 798,486 | 9,368 |
| * | Aditya Birla Capital Ltd. | 6,577,605 | 9,302 |
| | IRB Infrastructure Developers Ltd. | 3,182,011 | 8,992 |
| | VIP Industries Ltd. | 993,027 | 8,979 |
| | India Cements Ltd. | 3,062,225 | 8,927 |
| | Natco Pharma Ltd. | 1,227,542 | 8,909 |
| | Hatsun Agro Product Ltd. | 761,499 | 8,815 |
| | Sanofi India Ltd. | 129,448 | 8,774 |
| | KEC International Ltd. | 1,641,463 | 8,736 |
| | DCM Shriram Ltd. | 691,720 | 8,731 |
| | Sun TV Network Ltd. | 1,367,335 | 8,641 |
| | Praj Industries Ltd. | 1,717,183 | 8,581 |
| * | Tata Teleservices Maharashtra Ltd. | 6,933,566 | 8,539 |
| | Vinati Organics Ltd. | 369,073 | 8,508 |
| | Granules India Ltd. | 1,886,754 | 8,501 |
| | Indian Bank | 2,766,485 | 8,492 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Whirlpool of India Ltd. | 440,947 | 8,399 |
| | Mahanagar Gas Ltd. | 804,150 | 8,376 |
| | Ajanta Pharma Ltd. | 535,187 | 8,371 |
| | CESC Ltd. | 9,009,520 | 8,361 |
| | CRISIL Ltd. | 230,082 | 8,344 |
| | Bajaj Electricals Ltd. | 584,646 | 8,257 |
| | Sonata Software Ltd. | 1,303,538 | 8,244 |
| * | Affle India Ltd. | 588,985 | 8,216 |
| | Can Fin Homes Ltd. | 1,294,708 | 8,209 |
| | Prestige Estates Projects Ltd. | 1,530,339 | 8,185 |
| | Punjab National Bank | 15,822,011 | 8,156 |
| | Sumitomo Chemical India Ltd. | 1,342,393 | 7,992 |
| * | Westlife Development Ltd. | 881,235 | 7,972 |
| 1 | Eris Lifesciences Ltd. | 881,391 | 7,859 |
| 1 | Brookfield India Real Estate Trust | 2,051,752 | 7,826 |
| * | Indiabulls Housing Finance Ltd. | 4,964,175 | 7,767 |
| | Balaji Amines Ltd. | 210,887 | 7,706 |
| | KPR Mill Ltd. | 1,151,870 | 7,689 |
| | Century Textiles & Industries Ltd. | 720,405 | 7,467 |
| 1 | Endurance Technologies Ltd. | 455,977 | 7,467 |
| *,1 | Lemon Tree Hotels Ltd. | 7,260,450 | 7,402 |
| 1 | Mindspace Business Parks REIT | 1,720,215 | 7,381 |
| 1 | Nippon Life India Asset Management Ltd. | 2,247,447 | 7,349 |
| | Trident Ltd. | 17,079,476 | 7,269 |
| | Tanla Platforms Ltd. | 806,080 | 7,229 |
| | Raymond Ltd. | 497,296 | 7,198 |
| | Karur Vysya Bank Ltd. | 5,714,010 | 7,191 |
| 1 | Metropolis Healthcare Ltd. | 349,798 | 7,152 |
| | Shriram City Union Finance Ltd. | 323,664 | 7,130 |
| 1 | Indian Railway Finance Corp. Ltd. | 25,942,207 | 7,098 |
| * | Aptus Value Housing Finance India Ltd. | 1,852,023 | 7,075 |
| | Birlasoft Ltd. | 2,148,170 | 7,034 |
| | GHCL Ltd. | 893,432 | 6,982 |
| * | Reliance Power Ltd. | 35,672,087 | 6,952 |
| | Aegis Logistics Ltd. | 1,840,885 | 6,920 |
| | Suven Pharmaceuticals Ltd. | 1,433,717 | 6,905 |
| * | Nuvoco Vistas Corp. Ltd. | 1,437,355 | 6,888 |
| * | CreditAccess Grameen Ltd. | 581,210 | 6,855 |
| *,1 | Tejas Networks Ltd. | 820,277 | 6,814 |
| * | Shree Renuka Sugars Ltd. | 10,223,444 | 6,681 |
| * | Amber Enterprises India Ltd. | 266,685 | 6,663 |
| | Gillette India Ltd. | 107,150 | 6,659 |
| | BSE Ltd. | 932,831 | 6,656 |
| | Jubilant Ingrevia Ltd. | 1,066,305 | 6,642 |
| | Intellect Design Arena Ltd. | 1,267,012 | 6,614 |
| | V-Guard Industries Ltd. | 2,130,172 | 6,594 |
| | Fine Organic Industries Ltd. | 94,651 | 6,566 |
| | TTK Prestige Ltd. | 581,279 | 6,537 |
| | Mahindra Lifespace Developers Ltd. | 1,343,956 | 6,524 |
| | Alkyl Amines Chemicals | 181,607 | 6,482 |
| | Finolex Industries Ltd. | 3,996,396 | 6,480 |
| | Finolex Cables Ltd. | 1,025,587 | 6,460 |
| *,3 | NMDC Ltd. | 13,872,583 | 6,452 |
| | Balrampur Chini Mills Ltd. | 1,678,182 | 6,410 |
| 1 | IndiaMart InterMesh Ltd. | 114,824 | 6,379 |
| | KRBL Ltd. | 1,315,111 | 6,349 |
| *,1 | Krishna Institute of Medical Sciences Ltd. | 352,859 | 6,331 |
| | Vardhman Textiles Ltd. | 1,548,369 | 6,303 |
| | Zydus Wellnes Ltd. | 296,101 | 6,294 |
| | Century Plyboards India Ltd. | 861,789 | 6,241 |
| 1 | Quess Corp. Ltd. | 926,801 | 6,192 |
| * | Sheela Foam Ltd. | 182,976 | 6,139 |
| | NCC Ltd. | 6,735,003 | 6,081 |
| * | Indiabulls Real Estate Ltd. | 6,450,458 | 6,071 |
| | Clean Science & Technology Ltd. | 317,658 | 6,044 |
| | Poly Medicure Ltd. | 542,344 | 6,040 |
| | Orient Electric Ltd. | 1,819,996 | 5,914 |
| | | | | | Shares | Market
Value•
($000) |
| * | Godrej Industries Ltd. | 1,137,796 | 5,908 |
| | Blue Dart Express Ltd. | 64,412 | 5,907 |
| | Mahindra CIE Automotive Ltd. | 1,610,299 | 5,853 |
| | Vedant Fashions Ltd. | 328,908 | 5,763 |
| 1 | ICICI Securities Ltd. | 922,560 | 5,756 |
| | Ceat Ltd. | 305,539 | 5,697 |
| | JK Lakshmi Cement Ltd. | 849,264 | 5,674 |
| | Rain Industries Ltd. | 2,795,700 | 5,664 |
| | Brightcom Group Ltd. | 13,921,281 | 5,566 |
| | Route Mobile Ltd. | 350,582 | 5,556 |
| | BASF India Ltd. | 158,969 | 5,515 |
| * | Devyani International Ltd. | 2,309,236 | 5,408 |
| | GMM Pfaudler Ltd. | 241,681 | 5,392 |
| | Mastek Ltd. | 263,321 | 5,378 |
| | Edelweiss Financial Services Ltd. | 7,417,210 | 5,190 |
| | eClerx Services Ltd. | 322,174 | 5,144 |
| | Sterlite Technologies Ltd. | 2,576,629 | 5,128 |
| | KNR Constructions Ltd. | 1,897,934 | 5,115 |
| | Saregama India Ltd. | 1,096,302 | 4,966 |
| | Firstsource Solutions Ltd. | 3,955,143 | 4,963 |
| | Welspun Corp. Ltd. | 1,847,989 | 4,961 |
| | PNC Infratech Ltd. | 1,580,037 | 4,930 |
| * | TeamLease Services Ltd. | 138,036 | 4,852 |
| | Motilal Oswal Financial Services Ltd. | 585,290 | 4,848 |
| | Sobha Ltd. | 637,368 | 4,836 |
| | V-Mart Retail Ltd. | 132,584 | 4,821 |
| 1 | Godrej Agrovet Ltd. | 791,625 | 4,792 |
| | Jubilant Pharmova Ltd. Class A | 1,071,585 | 4,749 |
| | Bank of India | 6,454,154 | 4,701 |
| | Hitachi Energy India Ltd. | 120,340 | 4,602 |
| * | Inox Leisure Ltd. | 737,197 | 4,574 |
| | Infibeam Avenues Ltd. | 20,670,948 | 4,420 |
| | Zensar Technologies Ltd. | 1,624,365 | 4,388 |
| *,1 | PNB Housing Finance Ltd. | 805,946 | 4,287 |
| | Alembic Pharmaceuticals Ltd. | 637,088 | 4,237 |
| | Welspun India Ltd. | 4,420,223 | 4,187 |
| | CCL Products India Ltd. | 685,327 | 4,150 |
| * | Chemplast Sanmar Ltd. | 909,011 | 4,120 |
| | Avanti Feeds Ltd. | 769,471 | 4,107 |
| | JM Financial Ltd. | 4,955,348 | 4,098 |
| | NIIT Ltd. | 1,211,073 | 4,086 |
| | Birla Corp. Ltd. | 363,833 | 4,060 |
| | Graphite India Ltd. | 942,482 | 4,018 |
| | Rallis India Ltd. | 1,467,012 | 4,016 |
| | Akzo Nobel India Ltd. | 152,844 | 3,941 |
| | Gujarat Pipavav Port Ltd. | 3,786,523 | 3,927 |
| | Vaibhav Global Ltd. | 921,513 | 3,923 |
| | Procter & Gamble Health Ltd. | 79,771 | 3,888 |
| | Gateway Distriparks Ltd. | 4,393,559 | 3,858 |
| | EPL Ltd. | 2,059,740 | 3,827 |
| | Multi Commodity Exchange of India Ltd. | 200,180 | 3,718 |
| | Polyplex Corp. Ltd. | 175,891 | 3,573 |
| | Bombay Burmah Trading Co. | 330,138 | 3,485 |
| * | Borosil Renewables Ltd. | 509,225 | 3,471 |
| | AstraZeneca Pharma India Ltd. | 86,982 | 3,467 |
| * | Dhani Services Ltd. | 4,913,544 | 3,393 |
| 1 | New India Assurance Co. Ltd. | 3,069,765 | 3,296 |
| | NBCC India Ltd. | 8,335,179 | 3,271 |
| * | Alok Industries Ltd. | 17,303,475 | 3,245 |
| * | Sun Pharma Advanced Research Co. Ltd. | 989,174 | 3,085 |
| | Vakrangee Ltd. | 8,100,992 | 3,083 |
| | Nocil Ltd. | 1,040,487 | 3,051 |
| * | Strides Pharma Science Ltd. | 814,234 | 3,048 |
| *,3 | Aarti Industries Ltd. | 659,230 | 3,020 |
| | Engineers India Ltd. | 3,412,427 | 2,896 |
| | DCB Bank Ltd. | 2,196,202 | 2,864 |
| | Garware Technical Fibres Ltd. | 67,272 | 2,849 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Equitas Holdings Ltd. | 2,281,453 | 2,783 |
| | PTC India Ltd. | 3,182,766 | 2,774 |
| * | South Indian Bank Ltd. | 16,642,948 | 2,756 |
| | HEG Ltd. | 210,458 | 2,688 |
| * | TV18 Broadcast Ltd. | 6,183,849 | 2,615 |
| | Karnataka Bank Ltd. | 2,159,488 | 2,521 |
| | Bajaj Consumer Care Ltd. | 1,222,767 | 2,355 |
| | Galaxy Surfactants Ltd. | 66,981 | 2,354 |
| * | Restaurant Brands Asia Ltd. | 1,581,257 | 2,325 |
| | Symphony Ltd. | 226,591 | 2,295 |
| * | Medplus Health Services Ltd. | 311,309 | 2,231 |
| | ZF Commercial Vehicle Control Systems India Ltd. | 17,911 | 2,217 |
| | Kaveri Seed Co. Ltd. | 354,789 | 2,086 |
| * | Just Dial Ltd. | 260,331 | 1,982 |
| * | Hindustan Construction Co. Ltd. | 11,466,715 | 1,954 |
| 1 | General Insurance Corp. of India | 1,298,747 | 1,942 |
| | Care Ratings Ltd. | 324,331 | 1,919 |
| * | Mangalore Refinery & Petrochemicals Ltd. | 2,789,185 | 1,821 |
| | Jindal Saw Ltd. | 1,754,285 | 1,652 |
| * | Wockhardt Ltd. | 559,562 | 1,580 |
| * | IFCI Ltd. | 11,789,491 | 1,455 |
| 1 | Dilip Buildcon Ltd. | 520,988 | 1,357 |
| * | Future Retail Ltd. | 1,615,590 | 61 |
| * | Future Consumer Ltd. | 1,685,121 | 35 |
| | | | | | | 16,121,201 |
| Indonesia (2.4%) |
| | Bank Central Asia Tbk. PT | 753,997,450 | 426,218 |
| | Bank Rakyat Indonesia Persero Tbk. PT | 895,869,960 | 267,268 |
| | Telkom Indonesia Persero Tbk. PT | 639,719,952 | 179,666 |
| | Bank Mandiri Persero Tbk. PT | 255,389,575 | 172,529 |
| | Astra International Tbk. PT | 278,480,581 | 119,003 |
| | Bank Negara Indonesia Persero Tbk. PT | 102,704,376 | 61,924 |
| | Sumber Alfaria Trijaya Tbk. PT | 254,552,300 | 45,998 |
| | Adaro Energy Indonesia Tbk. PT | 177,072,779 | 45,175 |
| | United Tractors Tbk. PT | 20,997,327 | 43,434 |
| | Elang Mahkota Teknologi Tbk. PT | 414,884,200 | 41,130 |
| | Charoen Pokphand Indonesia Tbk. PT | 101,060,223 | 36,104 |
| | Kalbe Farma Tbk. PT | 262,613,384 | 34,535 |
| | Sarana Menara Nusantara Tbk. PT | 351,808,000 | 26,042 |
| | Indofood Sukses Makmur Tbk. PT | 61,291,908 | 25,360 |
| | Unilever Indonesia Tbk. PT | 79,075,955 | 23,526 |
| | Indah Kiat Pulp & Paper Tbk. PT | 36,802,368 | 22,647 |
| | Semen Indonesia Persero Tbk. PT | 40,153,210 | 20,483 |
| | Indofood CBP Sukses Makmur Tbk. PT | 31,691,147 | 19,781 |
| | Perusahaan Gas Negara Tbk. PT | 147,084,679 | 18,637 |
| | Barito Pacific Tbk. PT | 344,770,150 | 18,241 |
| | Indo Tambangraya Megah Tbk. PT | 5,584,080 | 16,086 |
| | Indocement Tunggal Prakarsa Tbk. PT | 25,383,301 | 15,099 |
| | Dayamitra Telekomunikasi Tbk. PT | 323,691,800 | 14,808 |
| | Bukit Asam Tbk. PT | 56,735,644 | 14,209 |
| | Mitra Keluarga Karyasehat Tbk. PT | 79,256,600 | 14,039 |
| | Aneka Tambang Tbk. | 118,061,210 | 13,975 |
| | Medikaloka Hermina Tbk. PT | 127,987,100 | 12,232 |
| | Ciputra Development Tbk. PT | 194,191,350 | 11,701 |
| * | Vale Indonesia Tbk. PT | 27,821,647 | 11,621 |
| | AKR Corporindo Tbk. PT | 113,939,925 | 11,406 |
| | Gudang Garam Tbk. PT | 6,382,430 | 9,863 |
| | Medco Energi Internasional Tbk. PT | 126,589,542 | 9,390 |
| | Pakuwon Jati Tbk. PT | 323,574,367 | 9,091 |
| | Panin Financial Tbk. PT | 218,288,331 | 8,891 |
| | Pabrik Kertas Tjiwi Kimia Tbk. PT | 17,697,400 | 8,865 |
| | Japfa Comfeed Indonesia Tbk. PT | 97,994,800 | 8,707 |
| | Tower Bersama Infrastructure Tbk. PT | 53,175,288 | 8,397 |
| | XL Axiata Tbk. PT | 51,370,098 | 8,304 |
| | Avia Avian Tbk. PT | 163,653,500 | 8,236 |
| | Bank Pan Indonesia Tbk. PT | 53,376,500 | 8,223 |
| | | | | | Shares | Market
Value•
($000) |
| | BFI Finance Indonesia Tbk. PT | 115,408,900 | 8,191 |
| | Matahari Department Store Tbk. PT | 26,835,767 | 8,032 |
| * | Mitra Adiperkasa Tbk. PT | 103,222,426 | 7,982 |
| | Hanjaya Mandala Sampoerna Tbk. PT | 123,349,574 | 7,956 |
| * | Waskita Karya Persero Tbk. PT | 255,000,319 | 7,865 |
| * | Bumi Serpong Damai Tbk. PT | 128,620,001 | 7,670 |
| | Mayora Indah Tbk. PT | 48,853,900 | 7,509 |
| | Indosat Tbk. PT | 15,840,000 | 6,874 |
| * | Jasa Marga Persero Tbk. PT | 30,445,604 | 6,657 |
| | Summarecon Agung Tbk. PT | 173,101,008 | 6,570 |
| * | Smartfren Telecom Tbk. PT | 1,315,671,600 | 6,567 |
| * | MNC Digital Entertainment Tbk. PT | 20,222,800 | 6,510 |
| | Bank BTPN Syariah Tbk. PT | 31,867,700 | 6,030 |
| | Surya Citra Media Tbk. PT | 399,524,655 | 5,993 |
| * | Bank Neo Commerce Tbk. PT | 96,638,600 | 5,514 |
| | Bank Tabungan Negara Persero Tbk. PT | 50,224,738 | 4,981 |
| * | Media Nusantara Citra Tbk. PT | 72,254,124 | 3,802 |
| | Bank Syariah Indonesia Tbk. PT | 40,014,287 | 3,592 |
| | Ace Hardware Indonesia Tbk. PT | 99,097,756 | 3,587 |
| * | Bank Bukopin Tbk. PT | 379,082,900 | 3,293 |
| | Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk. PT | 35,865,541 | 3,162 |
| | Timah Tbk. PT | 35,634,874 | 3,099 |
| | Astra Agro Lestari Tbk. PT | 5,626,213 | 3,067 |
| * | Lippo Karawaci Tbk. PT | 429,906,288 | 2,756 |
| | Perusahaan Perkebunan London Sumatra Indonesia Tbk. PT | 37,618,295 | 2,725 |
| * | Wijaya Karya Persero Tbk. PT | 41,029,470 | 2,396 |
| * | Bank Raya Indonesia Tbk. PT | 59,313,593 | 2,265 |
| | Industri Jamu Dan Farmasi Sido Muncul Tbk. PT | 44,742,600 | 2,124 |
| * | Global Mediacom Tbk. PT | 106,920,903 | 2,055 |
| | Bank Danamon Indonesia Tbk. PT | 8,925,000 | 1,947 |
| * | Alam Sutera Realty Tbk. PT | 164,634,154 | 1,836 |
| * | PP Persero Tbk. PT | 32,052,095 | 1,809 |
| *,3 | Trada Alam Minera Tbk. PT | 487,603,966 | 1,563 |
| | Ramayana Lestari Sentosa Tbk. PT | 39,045,066 | 1,440 |
| * | Krakatau Steel Persero Tbk. PT | 51,028,346 | 1,229 |
| * | Surya Semesta Internusa Tbk. PT | 51,470,798 | 1,070 |
| * | Adhi Karya Persero Tbk. PT | 24,013,406 | 855 |
| *,3 | Sigmagold Inti Perkasa Tbk. PT | 14,934,100 | 48 |
| * | Adhi Karya Persero Tbk. PT Rights Exp. 11/8/22 | 47,506,278 | 9 |
| | | | | | | 2,031,474 |
| Kuwait (1.1%) |
| | National Bank of Kuwait SAKP | 98,639,852 | 343,278 |
| | Kuwait Finance House KSCP | 108,807,479 | 284,566 |
| | Mobile Telecommunications Co. KSCP | 29,767,602 | 57,537 |
| | Agility Public Warehousing Co. KSC | 20,964,714 | 53,085 |
| | Boubyan Bank KSCP | 15,967,578 | 42,461 |
| | Gulf Bank KSCP | 24,848,222 | 27,501 |
| | Mabanee Co. KPSC | 8,529,379 | 23,997 |
| | National Industries Group Holding SAK | 23,606,424 | 17,833 |
| | Humansoft Holding Co. KSC | 1,297,914 | 14,089 |
| | Boubyan Petrochemicals Co. KSCP | 5,460,396 | 14,055 |
| * | Warba Bank KSCP | 13,268,939 | 10,316 |
| | Boursa Kuwait Securities Co. KPSC | 1,369,581 | 10,030 |
| | Burgan Bank SAK | 12,477,689 | 8,780 |
| | Qurain Petrochemical Industries Co. | 7,207,142 | 5,866 |
| | Kuwait International Bank KSCP | 8,220,803 | 5,014 |
| * | National Real Estate Co. KPSC | 10,205,256 | 4,618 |
| | Kuwait Projects Co. Holding KSCP | 11,956,831 | 4,561 |
| | Jazeera Airways Co. KSCP | 712,461 | 3,841 |
| | Alimtiaz Investment Group KSC | 13,047,976 | 3,149 |
| | Integrated Holding Co. KCSC | 2,276,334 | 2,394 |
| | | | | | | 936,971 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| Malaysia (2.0%) |
| | Public Bank Bhd. | 195,938,890 | 185,299 |
| | Malayan Banking Bhd. | 97,983,712 | 177,993 |
| | CIMB Group Holdings Bhd. | 91,656,508 | 107,066 |
| | Tenaga Nasional Bhd. | 44,326,751 | 78,938 |
| | Petronas Chemicals Group Bhd. | 39,193,112 | 72,257 |
| | Sime Darby Plantation Bhd. | 49,553,879 | 46,136 |
| | Press Metal Aluminium Holdings Bhd. | 48,711,640 | 44,841 |
| | Hong Leong Bank Bhd. | 8,750,672 | 39,225 |
| | IOI Corp. Bhd. | 43,733,590 | 37,742 |
| | Axiata Group Bhd. | 62,216,049 | 37,442 |
| | IHH Healthcare Bhd. | 29,625,755 | 37,292 |
| | MISC Bhd. | 24,183,396 | 37,007 |
| | DiGi.Com Bhd. | 43,036,233 | 34,520 |
| | PPB Group Bhd. | 9,296,360 | 32,827 |
| | Genting Bhd. | 31,659,124 | 29,751 |
| | Petronas Gas Bhd. | 7,851,463 | 28,396 |
| | RHB Bank Bhd. | 22,755,600 | 27,557 |
| | Kuala Lumpur Kepong Bhd. | 5,947,792 | 27,231 |
| | Gamuda Bhd. | 31,444,217 | 25,584 |
| | AMMB Holdings Bhd. | 29,137,845 | 25,213 |
| | Dialog Group Bhd. | 56,594,060 | 24,664 |
| | Nestle Malaysia Bhd. | 852,057 | 23,967 |
| | Sime Darby Bhd. | 49,138,636 | 23,398 |
| | Genting Malaysia Bhd. | 39,232,137 | 22,759 |
| | Maxis Bhd. | 27,800,360 | 22,629 |
| | Inari Amertron Bhd. | 37,768,400 | 19,934 |
| | Telekom Malaysia Bhd. | 15,816,378 | 18,602 |
| | QL Resources Bhd. | 15,405,630 | 16,689 |
| | Petronas Dagangan Bhd. | 3,630,907 | 16,662 |
| * | Malaysia Airports Holdings Bhd. | 12,280,930 | 15,528 |
| | IJM Corp. Bhd. | 43,039,734 | 14,829 |
| | TIME dotCom Bhd. | 13,922,700 | 13,403 |
| | Hong Leong Financial Group Bhd. | 3,204,341 | 12,946 |
| | Alliance Bank Malaysia Bhd. | 15,590,517 | 12,197 |
| | Top Glove Corp. Bhd. | 71,943,090 | 12,109 |
| | My EG Services Bhd. | 64,292,800 | 12,036 |
| 1 | MR DIY Group M Bhd. | 27,656,750 | 11,824 |
| | Hartalega Holdings Bhd. | 23,115,210 | 10,553 |
| | Bursa Malaysia Bhd. | 7,435,600 | 10,144 |
| | Carlsberg Brewery Malaysia Bhd. | 2,058,700 | 9,699 |
| | ViTrox Corp. Bhd. | 5,706,908 | 8,586 |
| | D&O Green Technologies Bhd. | 10,222,000 | 8,413 |
| | Sunway REIT | 27,802,200 | 8,240 |
| | Yinson Holdings Bhd. | 18,199,540 | 8,162 |
| * | YTL Corp. Bhd. | 65,016,350 | 7,769 |
| | Sunway Bhd. | 22,030,245 | 7,457 |
| | Westports Holdings Bhd. | 10,339,001 | 7,333 |
| | Pentamaster Corp. Bhd. | 8,761,550 | 7,215 |
| | Frontken Corp. Bhd. | 13,697,650 | 7,129 |
| | Genting Plantations Bhd. | 5,489,500 | 7,106 |
| | Axis REIT | 17,629,900 | 6,971 |
| | Fraser & Neave Holdings Bhd. | 1,474,400 | 6,401 |
| | VS Industry Bhd. | 35,667,000 | 6,381 |
| | Mega First Corp. Bhd. | 8,692,900 | 6,033 |
| | Malaysian Pacific Industries Bhd. | 1,183,600 | 6,028 |
| | KPJ Healthcare Bhd. | 32,898,600 | 5,710 |
| | Scientex Bhd. | 7,935,900 | 5,472 |
| | Kossan Rubber Industries Bhd. | 18,289,400 | 4,843 |
| | CTOS Digital Bhd. | 16,057,700 | 4,788 |
| | Supermax Corp. Bhd. | 23,402,429 | 4,778 |
| | Bermaz Auto Bhd. | 11,061,300 | 4,629 |
| | Dagang NeXchange Bhd. | 27,312,000 | 4,395 |
| | PMB Technology Bhd. | 5,076,438 | 4,337 |
| | British American Tobacco Malaysia Bhd. | 1,933,234 | 4,302 |
| | Sports Toto Bhd. | 11,014,471 | 4,227 |
| * | Bumi Armada Bhd. | 50,375,928 | 4,160 |
| | | | | | Shares | Market
Value•
($000) |
| | Malaysia Building Society Bhd. | 31,546,900 | 3,936 |
| | AEON Credit Service M Bhd. | 1,407,100 | 3,865 |
| * | Greatech Technology Bhd. | 5,370,700 | 3,710 |
| | Padini Holdings Bhd. | 4,938,237 | 3,534 |
| | DRB-Hicom Bhd. | 12,096,400 | 3,431 |
| | UWC Bhd. | 4,332,800 | 3,405 |
| | UMW Holdings Bhd. | 4,642,472 | 3,298 |
| | Astro Malaysia Holdings Bhd. | 22,582,973 | 3,224 |
| | Syarikat Takaful Malaysia Keluarga Bhd. | 3,705,600 | 2,588 |
| * | Berjaya Corp. Bhd. | 46,389,396 | 2,303 |
| | FGV Holdings Bhd. | 8,148,300 | 2,275 |
| * | Hong Seng Consolidated Bhd. | 47,908,800 | 2,227 |
| 1 | Lotte Chemical Titan Holding Bhd. | 7,770,147 | 2,155 |
| | Malaysian Resources Corp. Bhd. | 29,404,100 | 1,868 |
| | SP Setia Bhd. Group | 17,561,845 | 1,779 |
| * | Leong Hup International Bhd. | 16,617,600 | 1,600 |
| | Cahya Mata Sarawak Bhd. | 7,274,600 | 1,292 |
| * | Velesto Energy Bhd. | 50,233,127 | 1,279 |
| | WCT Holdings Bhd. | 11,980,664 | 925 |
| * | UEM Sunrise Bhd. | 17,439,200 | 757 |
| | United Plantations Bhd. | 249,900 | 753 |
| * | Sunway Bhd. Warrants Exp. 10/3/24 | 3,473,743 | 202 |
| * | Velesto Energy Bhd. Warrants Exp. 10/18/24 | 20,487,189 | 130 |
| * | Malaysian Resources Corp. Bhd. Warrants Exp. 10/29/27 | 3,624,441 | 46 |
| * | Serba Dinamik Holdings Bhd. Warrants Exp. 12/5/24 | 4,443,960 | 9 |
| | | | | | | 1,668,345 |
| Mexico (3.0%) |
| | America Movil SAB de CV | 393,672,956 | 372,552 |
| | Grupo Financiero Banorte SAB de CV | 39,758,098 | 323,174 |
| | Wal-Mart de Mexico SAB de CV | 70,964,237 | 274,108 |
| | Fomento Economico Mexicano SAB de CV | 25,085,710 | 180,081 |
| | Grupo Mexico SAB de CV Class B | 43,537,143 | 157,839 |
| | Grupo Bimbo SAB de CV Class A | 30,533,842 | 118,218 |
| * | Cemex SAB de CV | 201,869,517 | 78,453 |
| | Grupo Aeroportuario del Pacifico SAB de CV Class B | 4,746,558 | 73,523 |
| | Grupo Aeroportuario del Sureste SAB de CV Class B | 2,769,291 | 64,812 |
| * | Grupo Financiero Inbursa SAB de CV | �� 27,629,761 | 50,998 |
| | Arca Continental SAB de CV | 6,092,515 | 49,904 |
| | Fibra Uno Administracion SA de CV | 39,539,802 | 46,139 |
| | Coca-Cola Femsa SAB de CV | 7,244,324 | 45,635 |
| | Grupo Elektra SAB de CV | 867,008 | 43,503 |
| | Grupo Televisa SAB | 32,947,911 | 34,955 |
| | Alfa SAB de CV Class A | 49,908,156 | 33,124 |
| | Gruma SAB de CV Class B | 2,691,497 | 31,221 |
| | Grupo Aeroportuario del Centro Norte SAB de CV Class B | 3,815,968 | 30,400 |
| 1 | Banco del Bajio SA | 9,912,218 | 27,956 |
| | Grupo Comercial Chedraui SA de CV | 6,429,071 | 25,914 |
| | Grupo Carso SAB de CV | 6,189,042 | 24,940 |
| | Regional SAB de CV | 3,289,708 | 22,990 |
| | Promotora y Operadora de Infraestructura SAB de CV | 3,027,549 | 22,774 |
| | Orbia Advance Corp. SAB de CV | 13,368,075 | 22,569 |
| | Prologis Property Mexico SA de CV | 8,229,264 | 21,133 |
| | Corp. Inmobiliaria Vesta SAB de CV | 8,986,812 | 19,531 |
| | Industrias Penoles SAB de CV | 1,709,822 | 19,396 |
| | Operadora De Sites Mexicanos SAB de CV | 17,129,767 | 18,640 |
| | Kimberly-Clark de Mexico SAB de CV Class A | 11,466,462 | 18,091 |
| | Becle SAB de CV | 7,407,518 | 15,669 |
| | PLA Administradora Industrial S de RL de CV | 10,792,821 | 15,122 |
| | Gentera SAB de CV | 14,099,344 | 14,489 |
| * | Alsea SAB de CV | 7,414,217 | 14,216 |
| | El Puerto de Liverpool SAB de CV | 2,749,446 | 14,093 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | GCC SAB de CV | 2,244,407 | 13,936 |
| 1 | FIBRA Macquarie Mexico | 10,037,651 | 13,349 |
| | La Comer SAB de CV | 6,780,867 | 12,595 |
| | Bolsa Mexicana de Valores SAB de CV | 6,601,375 | 12,021 |
| * | Controladora Vuela Cia de Aviacion SAB de CV Class A | 12,801,277 | 10,880 |
| | Qualitas Controladora SAB de CV | 2,343,852 | 9,210 |
| | Industrias Bachoco SAB de CV Class B | 2,186,439 | 8,929 |
| | Megacable Holdings SAB de CV | 4,163,386 | 8,744 |
| *,1 | Nemak SAB de CV | 29,179,252 | 8,012 |
| | Genomma Lab Internacional SAB de CV Class B | 10,374,368 | 7,996 |
| | Alpek SAB de CV Class A | 5,055,420 | 7,086 |
| *,1 | Grupo Traxion SAB de CV | 5,180,034 | 6,055 |
| * | Sitios Latinoamerica SAB de CV | 19,683,647 | 5,742 |
| | Concentradora Fibra Danhos SA de CV | 3,159,946 | 3,907 |
| * | Grupo Rotoplas SAB de CV | 2,442,148 | 3,698 |
| * | Axtel SAB de CV | 18,070,586 | 1,268 |
| *,3 | Empresas ICA SAB de CV | 104,678 | 8 |
| | | | | | | 2,459,598 |
| Pakistan (0.1%) |
| * | Lucky Cement Ltd. | 2,843,253 | 6,259 |
| | Engro Corp. Ltd. | 4,434,856 | 4,728 |
| | Hub Power Co. Ltd. | 14,191,423 | 4,250 |
| | Fauji Fertilizer Co. Ltd. | 8,590,184 | 4,017 |
| | MCB Bank Ltd. | 7,081,977 | 3,908 |
| * | TRG Pakistan | 6,408,908 | 3,197 |
| | Habib Bank Ltd. | 9,964,461 | 3,151 |
| | Pakistan Oilfields Ltd. | 1,716,826 | 3,005 |
| | Pakistan State Oil Co. Ltd. | 4,463,131 | 2,840 |
| | Engro Fertilizers Ltd. | 7,544,967 | 2,765 |
| | Oil & Gas Development Co. Ltd. | 8,185,935 | 2,601 |
| | Millat Tractors Ltd. | 807,908 | 2,456 |
| | Pakistan Petroleum Ltd. | 8,830,645 | 2,064 |
| | United Bank Ltd. | 4,180,361 | 2,033 |
| | Bank Alfalah Ltd. | 14,144,886 | 1,994 |
| | Nishat Mills Ltd. | 2,814,900 | 776 |
| | Searle Co. Ltd. | 2,294,010 | 775 |
| | DG Khan Cement Co. Ltd. | 2,948,024 | 697 |
| * | National Bank of Pakistan | 2,010,700 | 236 |
| | | | | | | 51,752 |
| Philippines (0.8%) |
| | SM Prime Holdings Inc. | 146,608,778 | 80,066 |
| | BDO Unibank Inc. | 27,171,119 | 60,059 |
| | Ayala Land Inc. | 109,089,727 | 48,413 |
| | International Container Terminal Services Inc. | 15,152,651 | 45,423 |
| | Ayala Corp. | 3,886,665 | 45,104 |
| | Bank of the Philippine Islands | 24,821,808 | 41,280 |
| | PLDT Inc. | 1,273,159 | 35,903 |
| | JG Summit Holdings Inc. | 41,385,268 | 30,980 |
| | Universal Robina Corp. | 12,167,651 | 25,742 |
| | Jollibee Foods Corp. | 5,848,099 | 23,459 |
| | Metropolitan Bank & Trust Co. | 25,271,085 | 22,688 |
| 1 | Monde Nissin Corp. | 95,134,200 | 19,286 |
| | Manila Electric Co. | 3,650,483 | 19,033 |
| | Globe Telecom Inc. | 454,949 | 18,341 |
| | Aboitiz Power Corp. | 21,745,229 | 11,912 |
| | Metro Pacific Investments Corp. | 162,194,379 | 10,262 |
| | Wilcon Depot Inc. | 19,617,400 | 9,970 |
| | GT Capital Holdings Inc. | 1,393,812 | 9,966 |
| | Semirara Mining & Power Corp. Class A | 16,332,428 | 9,930 |
| * | Emperador Inc. | 28,790,300 | 9,742 |
| | Security Bank Corp. | 6,359,014 | 9,521 |
| | ACEN Corp. | 86,048,445 | 9,356 |
| | DMCI Holdings Inc. | 54,780,197 | 9,030 |
| | Alliance Global Group Inc. | 52,835,967 | 8,242 |
| | San Miguel Corp. | 4,914,350 | 8,168 |
| | | | | | Shares | Market
Value•
($000) |
| | Robinsons Retail Holdings Inc. | 8,254,361 | 7,660 |
| | Robinsons Land Corp. | 28,157,907 | 7,245 |
| | Puregold Price Club Inc. | 13,874,392 | 7,199 |
| * | Converge Information & Communications Technology Solutions Inc. | 30,436,500 | 6,519 |
| | Century Pacific Food Inc. | 14,272,587 | 5,864 |
| * | Bloomberry Resorts Corp. | 47,719,249 | 5,802 |
| | Megaworld Corp. | 155,917,303 | 5,625 |
| | LT Group Inc. | 36,723,850 | 5,134 |
| | AREIT Inc. | 8,285,000 | 4,447 |
| | Manila Water Co. Inc. | 15,509,628 | 4,382 |
| | RL Commercial REIT Inc. | 47,742,300 | 4,166 |
| | D&L Industries Inc. | 28,594,290 | 3,884 |
| | San Miguel Food & Beverage Inc. | 5,845,110 | 3,696 |
| | Nickel Asia Corp. | 25,227,403 | 2,113 |
| | Filinvest Land Inc. | 130,641,000 | 1,759 |
| * | Cebu Air Inc. | 2,618,253 | 1,638 |
| | First Gen Corp. | 4,977,785 | 1,339 |
| | Vista Land & Lifescapes Inc. | 22,409,982 | 669 |
| | SM Investments Corp. | 4,200 | 60 |
| | | | | | | 701,077 |
| Poland (0.0%) |
| *,3 | CAPITEA SA | 245,053 | 192 |
| Qatar (1.4%) |
| | Qatar National Bank QPSC | 61,330,773 | 335,826 |
| | Qatar Islamic Bank SAQ | 25,342,475 | 169,577 |
| | Industries Qatar QSC | 21,912,810 | 94,861 |
| | Masraf Al Rayan QSC | 85,873,534 | 90,479 |
| | Commercial Bank PSQC | 46,813,532 | 80,919 |
| | Qatar International Islamic Bank QSC | 15,369,068 | 48,817 |
| | Qatar Gas Transport Co. Ltd. | 38,096,103 | 42,891 |
| | Qatar Fuel QSC | 7,497,948 | 39,282 |
| | Mesaieed Petrochemical Holding Co. | 61,030,633 | 38,064 |
| | Qatar Electricity & Water Co. QSC | 6,420,284 | 32,608 |
| | Ooredoo QPSC | 11,761,358 | 31,532 |
| | Barwa Real Estate Co. | 27,093,170 | 25,281 |
| | Qatar Navigation QSC | 7,368,841 | 20,752 |
| | Qatar Aluminum Manufacturing Co. | 38,356,153 | 17,066 |
| | Doha Bank QPSC | 26,967,507 | 16,330 |
| | Qatar Insurance Co. SAQ | 22,981,305 | 13,624 |
| | Vodafone Qatar QSC | 24,124,870 | 11,091 |
| | United Development Co. QSC | 24,774,497 | 9,745 |
| * | Ezdan Holding Group QSC | 21,879,021 | 7,235 |
| | Al Meera Consumer Goods Co. QSC | 1,401,854 | 6,741 |
| * | Gulf International Services QSC | 12,852,813 | 6,416 |
| | Medicare Group | 2,224,414 | 4,252 |
| | | | | | | 1,143,389 |
| Romania (0.1%) |
| | Banca Transilvania SA | 7,979,799 | 27,324 |
| | OMV Petrom SA | 195,844,627 | 17,817 |
| | Societatea Nationala Nuclearelectrica SA | 714,504 | 5,784 |
| | One United Properties SA | 15,158,966 | 3,763 |
| * | MED Life SA | 1,065,273 | 3,509 |
| * | OMV Petrom SA Rights | 19,883,101 | 1,809 |
| | Teraplast SA | 14,845,960 | 1,530 |
| | | | | | | 61,536 |
| Russia (0.0%) |
| *,3 | VTB Bank PJSC | 68,488,233,072 | �� 11 |
| *,3 | TGC-1 PJSC | 10,414,590,345 | 2 |
| *,3 | Federal Grid Co. Unified Energy System PJSC | 2,998,064,717 | 1 |
| *,3 | Sberbank of Russia PJSC | 143,624,072 | — |
| *,3 | Mechel PJSC ADR | 164,675 | — |
| 3 | Mobile TeleSystems PJSC ADR | 6,274,359 | — |
| *,3 | Surgutneftegas PJSC ADR | 4,940,427 | — |
| *,3 | Sistema PJSFC GDR | 1,934,593 | — |
| 3 | Novatek PJSC GDR | 430,453 | — |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| 3 | Novolipetsk Steel PJSC GDR | 1,169,516 | — |
| 3 | Unipro PJSC | 184,755,198 | — |
| 3 | Severstal PAO GDR | 206,805 | — |
| 3 | Magnit PJSC GDR | 3,182,533 | — |
| 3 | PhosAgro PJSC | 21,153 | — |
| *,3 | Mechel PJSC Preference Shares | 899,940 | — |
| 3 | OGK-2 PJSC | 302,841,880 | — |
| *,3 | Polyus PJSC | 126,939 | — |
| 3 | Raspadskaya OJSC | 910,080 | — |
| 3 | RusHydro PJSC | 1,589,805,418 | — |
| *,3 | Aeroflot PJSC | 13,873,019 | — |
| 3 | Rostelecom PJSC | 12,224,708 | — |
| *,3 | Mechel PJSC | 3,089,565 | — |
| 3 | Tatneft PJSC | 10,830,010 | — |
| 3 | Rosseti Lenenergo PJSC Preference Shares | 1,406,706 | — |
| 3 | Novolipetsk Steel PJSC | 4,708,197 | — |
| 3 | Magnit PJSC | 406,795 | — |
| 3 | Novatek PJSC | 10,678,557 | — |
| 3 | Gazprom PJSC | 147,246,629 | — |
| 3 | Mosenergo PJSC | 120,668,554 | — |
| 3 | Transneft PJSC Preference Shares | 21,565 | — |
| 3 | LUKOIL PJSC | 5,378,966 | — |
| 3 | M.Video PJSC | 630,702 | — |
| 3 | Rosneft Oil Co. PJSC | 16,338,334 | — |
| 3 | Magnitogorsk Iron & Steel Works PJSC | 29,365,277 | — |
| 3 | Tatneft PJSC Preference Shares | 855,515 | — |
| 3 | MMC Norilsk Nickel PJSC | 415,474 | — |
| *,3 | ROSSETI PJSC | 386,181,584 | — |
| 3 | Inter RAO UES PJSC | 504,248,670 | — |
| *,3 | Enel Russia PJSC | 126,293,000 | — |
| 3 | Bashneft PJSC Preference Shares | 236,470 | — |
| 3 | Severstal PAO | 2,474,213 | — |
| 3 | Surgutneftegas PJSC | 41,925,149 | — |
| 3 | Surgutneftegas PJSC Preference Shares | 116,012,123 | — |
| 3 | Alrosa PJSC | 35,072,120 | — |
| *,3 | Moscow Exchange MICEX-RTS PJSC | 20,861,798 | — |
| 1,3 | Detsky Mir PJSC | 8,079,751 | — |
| 3 | MMC Norilsk Nickel PJSC ADR | 2,819,529 | — |
| *,3 | Polyus PJSC GDR | 523,471 | — |
| 3 | Tatneft PJSC ADR | 1,881,548 | �� — |
| *,3 | LSR Group PJSC Class A | 322,692 | — |
| 3 | United Co. RUSAL International PJSC | 36,072,060 | — |
| *,3 | Credit Bank of Moscow PJSC | 180,568,640 | — |
| *,3 | Sovcomflot PJSC | 4,516,141 | — |
| 3 | Novorossiysk Commercial Sea Port PJSC | 28,049,569 | — |
| *,3 | Cherkizovo Group PJSC | 16,179 | — |
| 3 | Samolet Group | 106,994 | — |
| 3 | Bank St. Petersburg PJSC | 3,060,330 | — |
| 3 | IDGC of Centre & Volga Region PJSC | 313,271,828 | — |
| 1,3 | Segezha Group PJSC | 18,427,200 | — |
| 3 | PhosAgro PJSC GDR | 1,442,083 | — |
| *,3 | PhosAgro PJSC (Registered) GDR | 9,288 | — |
| | | | | | | 14 |
| Saudi Arabia (5.4%) |
| * | Al Rajhi Bank | 27,027,728 | 612,877 |
| | Saudi National Bank | 29,966,104 | 473,621 |
| 1 | Saudi Arabian Oil Co. | 38,513,059 | 357,421 |
| | Saudi Basic Industries Corp. | 12,398,082 | 291,113 |
| | Saudi Telecom Co. | 24,758,072 | 265,996 |
| * | Saudi Arabian Mining Co. | 11,150,117 | 248,182 |
| | Riyad Bank | 20,281,388 | 193,837 |
| | Saudi British Bank | 13,817,894 | 160,061 |
| | SABIC Agri-Nutrients Co. | 3,220,249 | 136,062 |
| | Alinma Bank | 13,543,886 | 135,113 |
| | Banque Saudi Fransi | 8,109,768 | 93,222 |
| * | Bank AlBilad | 6,775,829 | 91,503 |
| | ACWA Power Co. | 1,840,714 | 85,208 |
| | | | | | Shares | Market
Value•
($000) |
| | Arab National Bank | 9,196,591 | 78,969 |
| | Saudi Electricity Co. | 10,736,197 | 77,091 |
| | Dr Sulaiman Al Habib Medical Services Group Co. | 1,273,899 | 76,845 |
| | Sahara International Petrochemical Co. | 4,967,634 | 53,481 |
| | Almarai Co. JSC | 3,480,547 | 52,122 |
| | Etihad Etisalat Co. | 5,229,504 | 50,912 |
| | Yanbu National Petrochemical Co. | 3,802,080 | 45,206 |
| | Bupa Arabia for Cooperative Insurance Co. | 793,564 | 40,758 |
| | Mouwasat Medical Services Co. | 661,047 | 38,482 |
| | Jarir Marketing Co. | 813,704 | 35,493 |
| * | Saudi Kayan Petrochemical Co. | 10,119,497 | 35,449 |
| | Bank Al-Jazira | 5,560,261 | 34,594 |
| | Saudi Investment Bank | 6,791,800 | 32,763 |
| | Saudi Industrial Investment Group | 5,092,025 | 30,421 |
| | Elm Co. | 331,547 | 29,139 |
| | Saudi Tadawul Group Holding Co. | 501,739 | 28,962 |
| | Nahdi Medical Co. | 541,377 | 28,507 |
| | Savola Group | 3,616,395 | 28,175 |
| * | Dar Al Arkan Real Estate Development Co. | 7,301,811 | 26,124 |
| * | Saudi Research & Media Group | 448,187 | 24,008 |
| | Arabian Internet & Communications Services Co. | 353,267 | 23,300 |
| * | Mobile Telecommunications Co. Saudi Arabia | 6,182,637 | 21,354 |
| * | Rabigh Refining & Petrochemical Co. | 5,739,674 | 20,808 |
| | Advanced Petrochemical Co. | 1,761,619 | 20,734 |
| | Dallah Healthcare Co. | 475,371 | 20,266 |
| * | Co. for Cooperative Insurance | 852,484 | 19,212 |
| | Abdullah Al Othaim Markets Co. | 615,231 | 18,586 |
| * | National Industrialization Co. | 4,498,728 | 15,994 |
| * | Emaar Economic City | 5,966,486 | 15,235 |
| | Saudi Cement Co. | 1,039,721 | 14,747 |
| | Southern Province Cement Co. | 956,826 | 13,946 |
| | Saudia Dairy & Foodstuff Co. | 222,326 | 13,899 |
| | Al Hammadi Holding | 1,121,252 | 13,412 |
| | Qassim Cement Co. | 624,181 | 12,523 |
| | Yanbu Cement Co. | 1,095,384 | 12,150 |
| * | Saudi Airlines Catering Co. | 566,340 | 11,662 |
| | Arabian Centres Co. Ltd. | 2,195,743 | 11,409 |
| | United Electronics Co. | 532,017 | 10,823 |
| * | Yamama Cement Co. | 1,374,507 | 10,746 |
| * | Seera Group Holding | 2,061,531 | 10,464 |
| | Aldrees Petroleum & Transport Services Co. | 512,164 | 9,886 |
| * | Saudi Ground Services Co. | 1,246,232 | 8,628 |
| | Leejam Sports Co. JSC | 360,267 | 7,581 |
| | National Gas & Industrialization Co. | 516,985 | 7,387 |
| | Astra Industrial Group | 491,756 | 7,200 |
| | Jadwa REIT Saudi Fund | 2,057,857 | 7,170 |
| | Arabian Cement Co. | 702,458 | 7,024 |
| | BinDawood Holding Co. | 404,769 | 6,890 |
| | Eastern Province Cement Co. | 581,536 | 6,847 |
| | Arriyadh Development Co. | 1,206,312 | 6,514 |
| | Saudi Ceramic Co. | 551,809 | 6,079 |
| * | Saudi Real Estate Co. | 1,804,679 | 6,042 |
| | United International Transportation Co. | 476,695 | 5,802 |
| | Saudi Pharmaceutical Industries & Medical Appliances Corp. | 817,122 | 5,759 |
| | National Medical Care Co. | 303,331 | 5,647 |
| | City Cement Co. | 932,741 | 5,041 |
| * | Middle East Healthcare Co. | 571,694 | 4,917 |
| * | National Agriculture Development Co. | 701,654 | 4,869 |
| | Saudi Chemical Co. Holding | 581,771 | 4,543 |
| | Bawan Co. | 411,190 | 4,107 |
| | Najran Cement Co. | 1,174,558 | 3,968 |
| * | Saudi Public Transport Co. | 847,900 | 3,815 |
| | Northern Region Cement Co. | 1,207,116 | 3,765 |
| * | Methanol Chemicals Co. | 449,731 | 3,683 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Dur Hospitality Co. | 589,267 | 3,339 |
| | Tabuk Cement Co. | 643,569 | 2,991 |
| * | Sinad Holding Co. | 844,387 | 2,852 |
| * | Herfy Food Services Co. | 266,997 | 2,784 |
| | Hail Cement Co. | 690,163 | 2,339 |
| * | Fawaz Abdulaziz Al Hokair & Co. | 501,563 | 2,309 |
| * | Al Jouf Cement Co. | 736,779 | 2,270 |
| * | Zamil Industrial Investment Co. | 413,316 | 1,967 |
| * | Mediterranean & Gulf Cooperative Insurance & Reinsurance Co. | 736,529 | 1,896 |
| | | | | | | 4,468,898 |
| South Africa (4.0%) |
| | Naspers Ltd. | 2,929,829 | 302,012 |
| 2 | FirstRand Ltd. | 68,265,191 | 238,654 |
| | MTN Group Ltd. | 24,786,272 | 175,176 |
| | Standard Bank Group Ltd. | 18,250,604 | 170,374 |
| | Sasol Ltd. | 7,684,525 | 129,177 |
| | Absa Group Ltd. | 11,437,407 | 124,201 |
| 2 | Capitec Bank Holdings Ltd. | 1,168,501 | 120,995 |
| | Impala Platinum Holdings Ltd. | 11,257,004 | 115,257 |
| | Gold Fields Ltd. | 12,108,210 | 96,996 |
| | Sibanye Stillwater Ltd. | 38,593,288 | 90,394 |
| | Shoprite Holdings Ltd. | 6,683,257 | 85,068 |
| | AngloGold Ashanti Ltd. | 5,767,895 | 75,327 |
| | Bid Corp. Ltd. | 4,576,888 | 73,652 |
| | Sanlam Ltd. | 24,050,037 | 70,104 |
| 2 | Nedbank Group Ltd. | 5,777,146 | 68,394 |
| | Anglo American Platinum Ltd. | 777,312 | 61,894 |
| | Clicks Group Ltd. | 3,365,267 | 57,016 |
| | Vodacom Group Ltd. | 8,170,905 | 55,656 |
| | Bidvest Group Ltd. | 4,667,022 | 53,924 |
| | Remgro Ltd. | 6,982,110 | 51,947 |
| * | Northam Platinum Holdings Ltd. | 5,189,224 | 48,546 |
| * | Discovery Ltd. | 7,192,431 | 47,044 |
| | Woolworths Holdings Ltd. | 12,937,380 | 44,365 |
| | Aspen Pharmacare Holdings Ltd. | 5,079,098 | 41,780 |
| | Exxaro Resources Ltd. | 3,328,920 | 37,095 |
| | Old Mutual Ltd. | 61,828,908 | 35,096 |
| | Mr Price Group Ltd. | 3,552,579 | 34,193 |
| 2 | Growthpoint Properties Ltd. | 46,204,469 | 32,583 |
| | NEPI Rockcastle NV | 6,429,433 | 32,315 |
| | MultiChoice Group | 4,780,730 | 31,246 |
| 1 | Pepkor Holdings Ltd. | 24,910,020 | 30,786 |
| | Reinet Investments SCA | 1,898,997 | 30,453 |
| | Foschini Group Ltd. | 4,437,398 | 27,744 |
| | Thungela Resources Ltd. | 1,697,189 | 26,678 |
| * | Sappi Ltd. | 7,838,920 | 24,150 |
| | SPAR Group Ltd. | 2,654,577 | 22,503 |
| | Tiger Brands Ltd. | 2,176,387 | 22,021 |
| | Life Healthcare Group Holdings Ltd. | 19,465,825 | 20,918 |
| | African Rainbow Minerals Ltd. | 1,484,832 | 20,910 |
| | Harmony Gold Mining Co. Ltd. | 7,511,178 | 20,803 |
| | Redefine Properties Ltd. | 90,178,829 | 20,052 |
| | Investec Ltd. | 3,932,515 | 19,335 |
| 2 | AVI Ltd. | 4,590,490 | 18,387 |
| | Netcare Ltd. | 20,321,281 | 17,284 |
| | Transaction Capital Ltd. | 7,683,334 | 17,175 |
| | Momentum Metropolitan Holdings | 17,805,268 | 16,632 |
| | Rand Merchant Investment Holdings Ltd. | 10,549,359 | 16,341 |
| | Pick n Pay Stores Ltd. | 4,804,189 | 15,443 |
| | Truworths International Ltd. | 5,317,803 | 15,134 |
| | Barloworld Ltd. | 2,586,139 | 14,473 |
| | Kumba Iron Ore Ltd. | 759,342 | 14,285 |
| | Motus Holdings Ltd. | 2,094,954 | 13,227 |
| | Resilient REIT Ltd. | 4,246,170 | 11,826 |
| * | Distell Group Holdings Ltd. | 1,089,035 | 10,290 |
| * | Fortress REIT Ltd. Class A (XJSE) | 17,095,056 | 9,622 |
| | | | | | Shares | Market
Value•
($000) |
| * | Hyprop Investments Ltd. | 4,771,452 | 9,621 |
| 1 | Dis-Chem Pharmacies Ltd. | 5,123,447 | 9,365 |
| | Vukile Property Fund Ltd. | 12,438,715 | 9,119 |
| | Omnia Holdings Ltd. | 2,312,016 | 9,071 |
| 2 | Equites Property Fund Ltd. | 10,171,051 | 8,692 |
| | Royal Bafokeng Platinum Ltd. | 1,070,398 | 8,609 |
| | KAP Industrial Holdings Ltd. | 34,065,686 | 8,567 |
| | Santam Ltd. | 567,708 | 7,854 |
| * | Telkom SA SOC Ltd. | 3,947,849 | 7,841 |
| | AECI Ltd. | 1,458,308 | 7,336 |
| | Advtech Ltd. | 7,166,372 | 6,949 |
| 2 | Super Group Ltd. | 4,892,799 | 6,925 |
| | MAS plc | 6,286,610 | 6,894 |
| | JSE Ltd. | 1,180,013 | 6,520 |
| | Coronation Fund Managers Ltd. | 3,458,853 | 6,174 |
| *,2 | Steinhoff International Holdings NV (XJSE) | 59,618,298 | 6,135 |
| | Ninety One Ltd. | 2,536,628 | 5,965 |
| | DataTec Ltd. | 2,618,464 | 5,888 |
| | Reunert Ltd. | 2,232,027 | 5,609 |
| | Astral Foods Ltd. | 540,538 | 5,190 |
| | Sun International Ltd. | 2,679,164 | 4,821 |
| * | Massmart Holdings Ltd. | 1,360,236 | 4,530 |
| | Tsogo Sun Gaming Ltd. | 7,167,095 | 4,494 |
| 2 | SA Corporate Real Estate Ltd. | 34,506,381 | 4,298 |
| | Investec Property Fund Ltd. | 7,527,582 | 4,190 |
| * | Wilson Bayly Holmes-Ovcon Ltd. | 715,404 | 3,758 |
| | Attacq Ltd. | 9,912,267 | 3,684 |
| | Raubex Group Ltd. | 2,286,937 | 3,569 |
| | Cashbuild Ltd. | 318,801 | 3,330 |
| 2 | Curro Holdings Ltd. | 6,991,600 | 3,214 |
| | DRDGOLD Ltd. | 5,809,115 | 2,999 |
| 2 | Brait plc | 10,744,448 | 2,549 |
| | Emira Property Fund Ltd. | 4,134,976 | 2,367 |
| * | Blue Label Telecoms Ltd. | 7,863,048 | 2,209 |
| * | Fortress REIT Ltd. Class B (XJSE) | 9,457,421 | 2,179 |
| | Adcock Ingram Holdings Ltd. | 793,015 | 2,061 |
| | Alexander Forbes Group Holdings Ltd. | 5,178,601 | 1,397 |
| * | Steinhoff International Holdings NV (XETR) | 1,075,902 | 107 |
| | | | | | | 3,281,033 |
| Taiwan (15.5%) |
| | Taiwan Semiconductor Manufacturing Co. Ltd. | 276,549,285 | 3,324,733 |
| | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 10,953,253 | 674,173 |
| | Hon Hai Precision Industry Co. Ltd. | 164,301,761 | 521,835 |
| | MediaTek Inc. | 20,487,630 | 373,453 |
| | Delta Electronics Inc. | 29,779,356 | 236,949 |
| | Nan Ya Plastics Corp. | 77,779,819 | 164,803 |
| | Fubon Financial Holding Co. Ltd. | 101,336,584 | 160,065 |
| | CTBC Financial Holding Co. Ltd. | 249,967,062 | 157,913 |
| | Mega Financial Holding Co. Ltd. | 153,872,915 | 142,555 |
| | China Steel Corp. | 170,220,308 | 141,695 |
| | Uni-President Enterprises Corp. | 66,241,868 | 134,521 |
| | E.Sun Financial Holding Co. Ltd. | 186,892,037 | 134,313 |
| | Cathay Financial Holding Co. Ltd. | 113,528,826 | 132,864 |
| | Formosa Plastics Corp. | 51,411,057 | 132,456 |
| | Chunghwa Telecom Co. Ltd. | 35,331,663 | 121,821 |
| | ASE Technology Holding Co. Ltd. | 46,712,723 | 115,341 |
| * | United Microelectronics Corp. | 91,954,270 | 110,571 |
| | First Financial Holding Co. Ltd. | 144,026,303 | 110,483 |
| | Taiwan Cooperative Financial Holding Co. Ltd. | 139,508,451 | 108,093 |
| | Formosa Chemicals & Fibre Corp. | 47,208,449 | 101,757 |
| | Yuanta Financial Holding Co. Ltd. | 165,137,276 | 100,834 |
| | Hua Nan Financial Holdings Co. Ltd. | 140,456,172 | 91,629 |
| | Chailease Holding Co. Ltd. | 19,003,100 | 87,655 |
| | Largan Precision Co. Ltd. | 1,412,076 | 80,788 |
| | China Development Financial Holding Corp. | 221,378,303 | 80,554 |
| | Hotai Motor Co. Ltd. | 4,412,154 | 79,827 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | E Ink Holdings Inc. | 12,302,440 | 78,172 |
| | Quanta Computer Inc. | 36,638,200 | 77,604 |
| | Taiwan Cement Corp. | 81,895,692 | 76,792 |
| | SinoPac Financial Holdings Co. Ltd. | 147,169,894 | 73,431 |
| | Asustek Computer Inc. | 9,681,937 | 70,787 |
| | Taiwan Mobile Co. Ltd. | 23,904,941 | 70,486 |
| | Unimicron Technology Corp. | 17,342,979 | 66,638 |
| | Shanghai Commercial & Savings Bank Ltd. | 45,256,350 | 65,138 |
| | President Chain Store Corp. | 7,754,449 | 64,478 |
| | Taishin Financial Holding Co. Ltd. | 156,564,197 | 64,253 |
| *,2 | United Microelectronics Corp. ADR | 10,463,758 | 62,050 |
| | Yageo Corp. | 5,284,924 | 59,915 |
| | Chunghwa Telecom Co. Ltd. ADR | 1,723,397 | 59,302 |
| | Lite-On Technology Corp. | 29,361,084 | 58,142 |
| | Accton Technology Corp. | 7,329,610 | 55,118 |
| | Far Eastern New Century Corp. | 54,400,963 | 54,222 |
| | Walsin Lihwa Corp. | 47,410,707 | 52,444 |
| | Realtek Semiconductor Corp. | 6,537,959 | 51,540 |
| | Pegatron Corp. | 28,182,213 | 51,519 |
| | Advantech Co. Ltd. | 5,681,361 | 51,471 |
| | Silergy Corp. | 4,460,560 | 51,438 |
| | Catcher Technology Co. Ltd. | 9,628,956 | 50,582 |
| | Airtac International Group | 2,160,830 | 49,447 |
| | Far EasTone Telecommunications Co. Ltd. | 22,164,035 | 48,597 |
| | Formosa Petrochemical Corp. | 18,722,977 | 48,173 |
| | Chang Hwa Commercial Bank Ltd. | 92,045,686 | 47,368 |
| | Evergreen Marine Corp. Taiwan Ltd. | 11,005,958 | 46,823 |
| | Shin Kong Financial Holding Co. Ltd. | 184,696,288 | 45,790 |
| | Yang Ming Marine Transport Corp. | 24,090,725 | 44,848 |
| | Novatek Microelectronics Corp. | 5,667,560 | 42,228 |
| | Ruentex Development Co. Ltd. | 32,396,667 | 39,767 |
| | Asia Cement Corp. | 33,826,510 | 39,113 |
| | Compal Electronics Inc. | 56,647,900 | 37,052 |
| | AUO Corp. | 70,354,039 | 36,717 |
| | Voltronic Power Technology Corp. | 897,325 | 36,381 |
| | Eclat Textile Co. Ltd. | 2,756,209 | 36,169 |
| | Powerchip Semiconductor Manufacturing Corp. | 37,813,000 | 35,996 |
| | Globalwafers Co. Ltd. | 2,907,810 | 32,230 |
| | Micro-Star International Co. Ltd. | 9,456,200 | 32,030 |
| | Wistron Corp. | 39,396,535 | 31,808 |
| | eMemory Technology Inc. | 955,100 | 31,671 |
| | Inventec Corp. | 41,820,966 | 31,627 |
| | Pou Chen Corp. | 37,382,021 | 31,558 |
| | Synnex Technology International Corp. | 18,750,800 | 30,528 |
| | Feng TAY Enterprise Co. Ltd. | 6,124,132 | 30,414 |
| | Innolux Corp. | 81,848,536 | 30,016 |
| * | Tatung Co. Ltd. | 30,700,819 | 29,767 |
| | Chroma ATE Inc. | 5,443,280 | 29,718 |
| * | Oneness Biotech Co. Ltd. | 4,121,000 | 29,098 |
| | Zhen Ding Technology Holding Ltd. | 8,724,710 | 28,594 |
| | Sino-American Silicon Products Inc. | 7,327,742 | 28,102 |
| | WPG Holdings Ltd. | 20,473,720 | 27,876 |
| | Taiwan Business Bank | 74,082,270 | 27,426 |
| | Acer Inc. | 39,193,897 | 26,818 |
| | Wiwynn Corp. | 1,196,280 | 26,799 |
| | Wan Hai Lines Ltd. | 12,663,646 | 26,511 |
| | Giant Manufacturing Co. Ltd. | 4,130,423 | 26,285 |
| | TA Chen Stainless Pipe | 21,957,102 | 25,656 |
| | Cheng Shin Rubber Industry Co. Ltd. | 25,440,095 | 25,453 |
| | Vanguard International Semiconductor Corp. | 12,332,640 | 25,321 |
| | Taiwan High Speed Rail Corp. | 28,975,912 | 25,243 |
| | Eva Airways Corp. | 34,275,760 | 24,751 |
| | Winbond Electronics Corp. | 40,287,452 | 24,284 |
| | Teco Electric & Machinery Co. Ltd. | 27,140,320 | 23,972 |
| | Lotes Co. Ltd. | 978,737 | 23,489 |
| | Macronix International Co. Ltd. | 24,580,737 | 22,646 |
| | | | | | Shares | Market
Value•
($000) |
| | Sinbon Electronics Co. Ltd. | 2,889,475 | 22,439 |
| | Highwealth Construction Corp. | 17,083,679 | 21,954 |
| | ASPEED Technology Inc. | 420,011 | 21,774 |
| | Powertech Technology Inc. | 9,392,550 | 21,692 |
| | Lien Hwa Industrial Holdings Corp. | 14,957,218 | 21,567 |
| | Foxconn Technology Co. Ltd. | 15,113,663 | 21,156 |
| | Chicony Electronics Co. Ltd. | 8,428,458 | 20,910 |
| | Win Semiconductors Corp. | 5,532,519 | 20,875 |
| | Compeq Manufacturing Co. Ltd. | 15,229,760 | 20,574 |
| | Hiwin Technologies Corp. | 3,915,308 | 20,116 |
| | Phison Electronics Corp. | 2,190,080 | 20,015 |
| | Gigabyte Technology Co. Ltd. | 6,784,850 | 19,372 |
| | Simplo Technology Co. Ltd. | 2,400,310 | 19,072 |
| | Alchip Technologies Ltd. | 950,463 | 19,034 |
| | Tripod Technology Corp. | 6,818,040 | 18,839 |
| | Nanya Technology Corp. | 11,103,878 | 18,719 |
| | Radiant Opto-Electronics Corp. | 6,120,751 | 18,649 |
| | Merida Industry Co. Ltd. | 3,393,526 | 18,492 |
| | Elite Material Co. Ltd. | 4,075,156 | 18,433 |
| | Parade Technologies Ltd. | 972,290 | 18,310 |
| | Global Unichip Corp. | 1,204,960 | 18,126 |
| | Makalot Industrial Co. Ltd. | 2,884,808 | 17,864 |
| | Taichung Commercial Bank Co. Ltd. | 45,641,961 | 17,751 |
| | Ruentex Industries Ltd. | 10,252,961 | 17,515 |
| | Taiwan Fertilizer Co. Ltd. | 10,326,186 | 16,742 |
| | Walsin Technology Corp. | 6,629,521 | 16,182 |
| * | HTC Corp. | 10,002,301 | 15,601 |
| | King Yuan Electronics Co. Ltd. | 15,284,280 | 15,464 |
| | International Games System Co. Ltd. | 1,375,600 | 14,977 |
| | Bizlink Holding Inc. | 1,955,128 | 14,910 |
| | China Petrochemical Development Corp. | 50,864,041 | 14,788 |
| | Nien Made Enterprise Co. Ltd. | 1,914,560 | 14,762 |
| | Qisda Corp. | 19,071,620 | 14,498 |
| | CTCI Corp. | 9,902,510 | 14,400 |
| | YFY Inc. | 18,017,703 | 14,262 |
| | IBF Financial Holdings Co. Ltd. | 41,102,863 | 14,143 |
| | Taiwan Glass Industry Corp. | 22,274,290 | 14,069 |
| | Chipbond Technology Corp. | 8,332,630 | 14,043 |
| | Jentech Precision Industrial Co. Ltd. | 1,281,283 | 13,890 |
| | Poya International Co. Ltd. | 1,085,717 | 13,799 |
| | Yulon Finance Corp. | 3,161,896 | 13,359 |
| | Faraday Technology Corp. | 2,972,000 | 13,016 |
| | Tung Ho Steel Enterprise Corp. | 8,421,602 | 12,888 |
| | China Airlines Ltd. | 24,117,146 | 12,625 |
| | Union Bank of Taiwan | 26,766,000 | 12,562 |
| | King's Town Bank Co. Ltd. | 13,180,184 | 12,544 |
| | Eternal Materials Co. Ltd. | 13,534,298 | 12,541 |
| | Nan Ya Printed Circuit Board Corp. | 1,886,521 | 12,308 |
| | Great Wall Enterprise Co. Ltd. | 9,622,626 | 11,997 |
| | Kinsus Interconnect Technology Corp. | 3,676,530 | 11,847 |
| | Tong Hsing Electronic Industries Ltd. | 2,167,453 | 11,589 |
| * | United Renewable Energy Co. Ltd. | 17,742,629 | 11,533 |
| | Asia Vital Components Co. Ltd. | 3,655,890 | 11,529 |
| * | FLEXium Interconnect Inc. | 4,068,990 | 11,527 |
| | King Slide Works Co. Ltd. | 883,000 | 11,457 |
| | Formosa Taffeta Co. Ltd. | 14,328,632 | 11,394 |
| | momo.com Inc. | 761,120 | 11,356 |
| | Gold Circuit Electronics Ltd. | 4,252,481 | 11,254 |
| | Taiwan Secom Co. Ltd. | 3,925,876 | 11,247 |
| | Episil Technologies Inc. | 4,179,189 | 11,231 |
| | Far Eastern International Bank | 34,082,639 | 11,195 |
| | HannStar Display Corp. | 31,188,193 | 11,050 |
| | ENNOSTAR Inc. | 8,697,726 | 11,048 |
| | Goldsun Building Materials Co. Ltd. | 15,635,415 | 10,971 |
| | Wisdom Marine Lines Co. Ltd. | 6,725,155 | 10,877 |
| | Genius Electronic Optical Co. Ltd. | 1,163,299 | 10,795 |
| | Yulon Motor Co. Ltd. | 7,522,444 | 10,627 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Cheng Loong Corp. | 12,998,230 | 10,555 |
| | Microbio Co. Ltd. | 6,274,872 | 10,539 |
| | Shinkong Synthetic Fibers Corp. | 21,042,400 | 10,530 |
| | Mitac Holdings Corp. | 12,439,901 | 10,440 |
| | Wistron NeWeb Corp. | 3,979,787 | 10,319 |
| | WT Microelectronics Co. Ltd. | 5,709,651 | 10,313 |
| * | Nan Kang Rubber Tire Co. Ltd. | 9,721,390 | 10,288 |
| | Taiwan Surface Mounting Technology Corp. | 4,020,110 | 10,166 |
| | Topco Scientific Co. Ltd. | 2,195,342 | 10,159 |
| | Taiwan Hon Chuan Enterprise Co. Ltd. | 3,799,650 | 9,819 |
| | Elan Microelectronics Corp. | 3,908,870 | 9,813 |
| | Via Technologies Inc. | 4,878,620 | 9,634 |
| | ASMedia Technology Inc. | 528,857 | 9,494 |
| | United Integrated Services Co. Ltd. | 2,114,800 | 9,491 |
| | Feng Hsin Steel Co. Ltd. | 5,423,200 | 9,457 |
| | Sanyang Motor Co. Ltd. | 8,399,330 | 9,450 |
| | Tong Yang Industry Co. Ltd. | 6,625,350 | 9,271 |
| | Fusheng Precision Co. Ltd. | 1,641,920 | 9,234 |
| | TXC Corp. | 3,888,630 | 9,178 |
| * | EirGenix Inc. | 2,869,868 | 9,029 |
| | Pan Jit International Inc. | 5,284,740 | 8,987 |
| | Huaku Development Co. Ltd. | 3,285,200 | 8,775 |
| | Wafer Works Corp. | 7,068,103 | 8,718 |
| | AUO Corp. ADR | 1,226,600 | 8,709 |
| | Capital Securities Corp. | 28,054,773 | 8,691 |
| | Chung-Hsin Electric & Machinery Manufacturing Corp. | 5,659,000 | 8,656 |
| | Ardentec Corp. | 6,581,522 | 8,524 |
| | Sigurd Microelectronics Corp. | 5,824,546 | 8,384 |
| | AP Memory Technology Corp. | 1,789,120 | 8,331 |
| | TSRC Corp. | 10,123,940 | 8,295 |
| | Charoen Pokphand Enterprise | 3,527,343 | 8,282 |
| | Kenda Rubber Industrial Co. Ltd. | 8,733,000 | 8,269 |
| | Far Eastern Department Stores Ltd. | 14,737,878 | 8,228 |
| | Kinpo Electronics | 18,605,670 | 8,139 |
| | Yieh Phui Enterprise Co. Ltd. | 18,409,574 | 8,139 |
| | Tainan Spinning Co. Ltd. | 15,993,000 | 8,019 |
| | Transcend Information Inc. | 3,995,069 | 7,976 |
| | Coretronic Corp. | 5,151,900 | 7,972 |
| | Clevo Co. | 8,329,000 | 7,938 |
| | Taiwan Semiconductor Co. Ltd. | 3,384,290 | 7,851 |
| | USI Corp. | 12,366,861 | 7,755 |
| | ChipMOS Technologies Inc. | 7,888,148 | 7,747 |
| | Primax Electronics Ltd. | 4,596,940 | 7,701 |
| | Sercomm Corp. | 3,286,600 | 7,681 |
| | Standard Foods Corp. | 6,276,603 | 7,522 |
| | Hota Industrial Manufacturing Co. Ltd. | 3,205,178 | 7,413 |
| | Chung Hung Steel Corp. | 12,031,000 | 7,331 |
| | Center Laboratories Inc. | 5,293,239 | 7,146 |
| | Nuvoton Technology Corp. | 2,252,000 | 7,119 |
| | Sinon Corp. | 6,402,000 | 7,032 |
| | Merry Electronics Co. Ltd. | 2,879,999 | 7,017 |
| | Sitronix Technology Corp. | 1,369,070 | 7,005 |
| | International CSRC Investment Holdings Co. | 11,821,270 | 6,922 |
| | TTY Biopharm Co. Ltd. | 2,973,160 | 6,906 |
| | China Steel Chemical Corp. | 2,137,000 | 6,818 |
| | Hotai Finance Co. Ltd. | 2,308,000 | 6,730 |
| | Farglory Land Development Co. Ltd. | 4,048,550 | 6,680 |
| | Fitipower Integrated Technology Inc. | 2,080,375 | 6,676 |
| | General Interface Solution Holding Ltd. | 2,754,070 | 6,634 |
| | Arcadyan Technology Corp. | 2,376,219 | 6,627 |
| | XinTec Inc. | 2,233,225 | 6,612 |
| | U-Ming Marine Transport Corp. | 6,056,108 | 6,596 |
| | Grand Pacific Petrochemical | 12,073,304 | 6,508 |
| | O-Bank Co. Ltd. | 26,340,453 | 6,478 |
| | Fulgent Sun International Holding Co. Ltd. | 1,532,893 | 6,477 |
| | Cheng Uei Precision Industry Co. Ltd. | 6,133,673 | 6,383 |
| | | | | | Shares | Market
Value•
($000) |
| | Wah Lee Industrial Corp. | 2,566,194 | 6,383 |
| | Elite Semiconductor Microelectronics Technology Inc. | 3,315,000 | 6,381 |
| * | Medigen Vaccine Biologics Corp. | 3,153,930 | 6,292 |
| * | TSEC Corp. | 6,007,474 | 6,220 |
| | Andes Technology Corp. | 530,000 | 6,098 |
| | SDI Corp. | 2,195,236 | 6,052 |
| | Getac Holdings Corp. | 4,991,420 | 6,024 |
| | President Securities Corp. | 13,193,241 | 5,989 |
| | Supreme Electronics Co. Ltd. | 5,819,375 | 5,973 |
| | Sporton International Inc. | 948,631 | 5,938 |
| | Cleanaway Co. Ltd. | 1,146,000 | 5,933 |
| | Everlight Electronics Co. Ltd. | 5,590,410 | 5,929 |
| | Grape King Bio Ltd. | 1,569,529 | 5,913 |
| | Foxsemicon Integrated Technology Inc. | 1,144,642 | 5,907 |
| * | Lotus Pharmaceutical Co. Ltd. | 1,229,000 | 5,871 |
| | Greatek Electronics Inc. | 4,053,000 | 5,835 |
| | Advanced Energy Solution Holding Co. Ltd. | 334,000 | 5,805 |
| | Chong Hong Construction Co. Ltd. | 2,613,000 | 5,765 |
| | Continental Holdings Corp. | 6,550,000 | 5,662 |
| | ADATA Technology Co. Ltd. | 3,349,000 | 5,587 |
| | Gudeng Precision Industrial Co. Ltd. | 833,517 | 5,581 |
| | Evergreen International Storage & Transport Corp. | 6,927,000 | 5,565 |
| * | Taiwan TEA Corp. | 8,730,000 | 5,560 |
| | Longchen Paper & Packaging Co. Ltd. | 12,087,606 | 5,558 |
| | Solar Applied Materials Technology Corp. | 6,463,607 | 5,543 |
| | Universal Vision Biotechnology Co. Ltd. | 724,500 | 5,541 |
| | Topkey Corp. | 1,023,000 | 5,465 |
| | Chang Wah Electromaterials Inc. | 5,780,000 | 5,464 |
| | Taiwan-Asia Semiconductor Corp. | 5,570,987 | 5,449 |
| | FocalTech Systems Co. Ltd. | 2,568,482 | 5,435 |
| | Chicony Power Technology Co. Ltd. | 2,506,000 | 5,430 |
| | Oriental Union Chemical Corp. | 10,266,582 | 5,370 |
| | Kinik Co. | 1,688,000 | 5,316 |
| | Taiwan Paiho Ltd. | 3,515,140 | 5,311 |
| | Ton Yi Industrial Corp. | 10,330,000 | 5,310 |
| | Holy Stone Enterprise Co. Ltd. | 1,959,793 | 5,301 |
| | Century Iron & Steel Industrial Co. Ltd. | 2,225,000 | 5,301 |
| | Asia Optical Co. Inc. | 2,969,260 | 5,265 |
| | Nantex Industry Co. Ltd. | 4,955,000 | 5,200 |
| | Test Research Inc. | 2,789,660 | 5,197 |
| | Pan-International Industrial Corp. | 5,271,000 | 5,190 |
| | Allied Supreme Corp. | 633,000 | 5,095 |
| | Cub Elecparts Inc. | 1,169,309 | 5,030 |
| | Prince Housing & Development Corp. | 15,547,270 | 4,966 |
| | AcBel Polytech Inc. | 5,800,000 | 4,946 |
| | Taiwan Sakura Corp. | 2,723,000 | 4,945 |
| | Taiwan Mask Corp. | 2,701,272 | 4,917 |
| | Taiwan Cogeneration Corp. | 5,401,850 | 4,901 |
| | Hu Lane Associate Inc. | 1,078,300 | 4,871 |
| | ITEQ Corp. | 2,855,357 | 4,839 |
| | TCI Co. Ltd. | 1,450,549 | 4,831 |
| * | Shihlin Paper Corp. | 3,253,433 | 4,826 |
| | Pegavision Corp. | 552,000 | 4,819 |
| | UPI Semiconductor Corp. | 672,000 | 4,812 |
| | BES Engineering Corp. | 19,381,000 | 4,798 |
| | China Man-Made Fiber Corp. | 20,023,016 | 4,796 |
| | TaiDoc Technology Corp. | 910,000 | 4,796 |
| | UPC Technology Corp. | 12,648,041 | 4,779 |
| | Shin Zu Shing Co. Ltd. | 1,974,853 | 4,766 |
| | Ennoconn Corp. | 831,758 | 4,756 |
| | Gloria Material Technology Corp. | 5,366,640 | 4,721 |
| * | Unitech Printed Circuit Board Corp. | 8,701,731 | 4,710 |
| * | Adimmune Corp. | 4,581,825 | 4,668 |
| | Taiwan Union Technology Corp. | 3,428,052 | 4,654 |
| | Formosa International Hotels Corp. | 831,000 | 4,610 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Visual Photonics Epitaxy Co. Ltd. | 2,554,960 | 4,562 |
| * | TaiMed Biologics Inc. | 2,576,090 | 4,494 |
| | Ta Ya Electric Wire & Cable | 8,623,110 | 4,412 |
| | Shiny Chemical Industrial Co. Ltd. | 1,418,000 | 4,411 |
| | China Motor Corp. | 3,406,844 | 4,409 |
| | Jih Sun Financial Holdings Co. Ltd. | 12,099,116 | 4,392 |
| * | Phihong Technology Co. Ltd. | 3,949,000 | 4,360 |
| * | OBI Pharma Inc. | 2,134,881 | 4,319 |
| | Raydium Semiconductor Corp. | 594,000 | 4,276 |
| | Asia Polymer Corp. | 5,519,340 | 4,247 |
| * | Asia Pacific Telecom Co. Ltd. | 21,607,352 | 4,239 |
| | St. Shine Optical Co. Ltd. | 648,000 | 4,237 |
| | Chang Wah Technology Co. Ltd. | 4,712,500 | 4,231 |
| | YC INOX Co. Ltd. | 5,299,800 | 4,159 |
| * | Career Technology MFG. Co. Ltd. | 5,544,721 | 4,134 |
| | Systex Corp. | 2,013,000 | 4,132 |
| | Sunplus Technology Co. Ltd. | 5,884,000 | 4,094 |
| | Chin-Poon Industrial Co. Ltd. | 4,806,890 | 4,093 |
| | TPK Holding Co. Ltd. | 4,633,288 | 4,089 |
| | Innodisk Corp. | 798,106 | 4,081 |
| | Dynapack International Technology Corp. | 1,908,000 | 4,046 |
| | Holtek Semiconductor Inc. | 1,965,483 | 4,036 |
| | Silicon Integrated Systems Corp. | 8,579,400 | 4,029 |
| | Thinking Electronic Industrial Co. Ltd. | 1,106,000 | 4,023 |
| | Pixart Imaging Inc. | 1,606,680 | 4,016 |
| | Apex International Co. Ltd. | 2,619,000 | 4,000 |
| | Acter Group Corp. Ltd. | 1,368,832 | 3,991 |
| | Lealea Enterprise Co. Ltd. | 12,335,930 | 3,974 |
| | Advanced International Multitech Co. Ltd. | 1,373,000 | 3,951 |
| | Formosa Sumco Technology Corp. | 875,000 | 3,934 |
| | Co-Tech Development Corp. | 2,905,000 | 3,922 |
| | Cathay Real Estate Development Co. Ltd. | 8,571,984 | 3,855 |
| | Hannstar Board Corp. | 4,328,685 | 3,851 |
| | Aten International Co. Ltd. | 1,629,740 | 3,822 |
| | Hung Sheng Construction Ltd. | 4,971,464 | 3,800 |
| | Gemtek Technology Corp. | 4,684,000 | 3,789 |
| | Etron Technology Inc. | 3,484,803 | 3,745 |
| | Sunny Friend Environmental Technology Co. Ltd. | 896,000 | 3,737 |
| | Hsin Kuang Steel Co. Ltd. | 3,518,000 | 3,722 |
| | Nichidenbo Corp. | 2,519,460 | 3,713 |
| | Depo Auto Parts Ind Co. Ltd. | 1,799,000 | 3,701 |
| * | Mercuries Life Insurance Co. Ltd. | 21,589,694 | 3,668 |
| | Advanced Wireless Semiconductor Co. | 1,917,266 | 3,665 |
| | Darfon Electronics Corp. | 3,123,000 | 3,660 |
| | Taiwan PCB Techvest Co. Ltd. | 3,578,000 | 3,615 |
| | Federal Corp. | 6,273,040 | 3,612 |
| | Tung Thih Electronic Co. Ltd. | 871,000 | 3,611 |
| | Global Mixed Mode Technology Inc. | 902,000 | 3,595 |
| | China General Plastics Corp. | 5,855,926 | 3,583 |
| | Kung Long Batteries Industrial Co. Ltd. | 852,000 | 3,580 |
| | AURAS Technology Co. Ltd. | 961,000 | 3,568 |
| | Sunonwealth Electric Machine Industry Co. Ltd. | 2,866,000 | 3,566 |
| | Kindom Development Co. Ltd. | 4,771,600 | 3,563 |
| | KMC Kuei Meng International Inc. | 816,000 | 3,530 |
| | Chief Telecom Inc. | 408,000 | 3,518 |
| | YungShin Global Holding Corp. | 2,884,000 | 3,479 |
| | Flytech Technology Co. Ltd. | 1,757,650 | 3,448 |
| | Xxentria Technology Materials Corp. | 1,955,000 | 3,437 |
| | Marketech International Corp. | 1,135,000 | 3,428 |
| | Sampo Corp. | 4,666,800 | 3,400 |
| | Sinyi Realty Inc. | 3,879,000 | 3,373 |
| * | Ambassador Hotel | 3,471,000 | 3,359 |
| | Orient Semiconductor Electronics Ltd. | 6,664,792 | 3,340 |
| | Unizyx Holding Corp. | 4,203,819 | 3,339 |
| * | D-Link Corp. | 7,378,400 | 3,321 |
| | | | | | Shares | Market
Value•
($000) |
| | RichWave Technology Corp. | 1,121,736 | 3,304 |
| | Mercuries & Associates Holding Ltd. | 7,446,552 | 3,266 |
| | PharmaEngine Inc. | 1,112,457 | 3,266 |
| | Lung Yen Life Service Corp. | 2,978,000 | 3,260 |
| | Advanced Ceramic X Corp. | 683,105 | 3,246 |
| | Actron Technology Corp. | 774,000 | 3,240 |
| * | CSBC Corp. Taiwan | 7,095,119 | 3,233 |
| | Johnson Health Tech Co. Ltd. | 1,439,000 | 3,220 |
| * | RDC Semiconductor Co. Ltd. | 741,000 | 3,196 |
| | Chlitina Holding Ltd. | 696,000 | 3,181 |
| | ITE Technology Inc. | 1,727,000 | 3,178 |
| * | Wowprime Corp. | 821,000 | 3,178 |
| | Gourmet Master Co. Ltd. | 1,040,469 | 3,158 |
| | Ho Tung Chemical Corp. | 12,634,459 | 3,144 |
| | Chia Hsin Cement Corp. | 6,370,000 | 3,128 |
| | Wei Chuan Foods Corp. | 5,516,600 | 3,121 |
| | Brighton-Best International Taiwan Inc. | 2,969,000 | 3,083 |
| | Radium Life Tech Co. Ltd. | 10,880,760 | 3,061 |
| | Everlight Chemical Industrial Corp. | 5,648,200 | 3,033 |
| | Namchow Holdings Co. Ltd. | 2,255,000 | 3,029 |
| | Adlink Technology Inc. | 1,932,895 | 2,994 |
| | Altek Corp. | 2,882,000 | 2,988 |
| | Motech Industries Inc. | 4,072,897 | 2,983 |
| | CyberTAN Technology Inc. | 4,414,000 | 2,979 |
| | AmTRAN Technology Co. Ltd. | 10,286,343 | 2,951 |
| | Soft-World International Corp. | 1,304,653 | 2,897 |
| | Weltrend Semiconductor | 2,187,567 | 2,878 |
| | Gamania Digital Entertainment Co. Ltd. | 1,723,916 | 2,870 |
| | China Metal Products | 3,441,000 | 2,859 |
| | Dimerco Express Corp. | 1,472,199 | 2,824 |
| | Chunghwa Precision Test Tech Co. Ltd. | 240,153 | 2,823 |
| | Posiflex Technology Inc. | 787,764 | 2,801 |
| | Bank of Kaohsiung Co. Ltd. | 7,331,676 | 2,793 |
| | LandMark Optoelectronics Corp. | 968,470 | 2,779 |
| | Syncmold Enterprise Corp. | 1,515,500 | 2,774 |
| | Sonix Technology Co. Ltd. | 1,948,000 | 2,770 |
| | Genesys Logic Inc. | 1,073,000 | 2,764 |
| | ScinoPharm Taiwan Ltd. | 3,739,576 | 2,758 |
| | T3EX Global Holdings Corp. | 1,457,000 | 2,736 |
| | IEI Integration Corp. | 1,657,920 | 2,719 |
| | Anpec Electronics Corp. | 834,000 | �� 2,718 |
| | Chung Hwa Pulp Corp. | 5,252,000 | 2,708 |
| | Huang Hsiang Construction Corp. | 2,207,000 | 2,696 |
| | Bioteque Corp. | 812,475 | 2,695 |
| * | First Steamship Co. Ltd. | 10,829,968 | 2,684 |
| * | CMC Magnetics Corp. | 13,248,313 | 2,661 |
| | Swancor Holding Co. Ltd. | 953,000 | 2,631 |
| | Alpha Networks Inc. | 3,150,772 | 2,613 |
| | Taiwan Styrene Monomer | 6,803,050 | 2,605 |
| | Chun Yuan Steel Industry Co. Ltd. | 5,583,000 | 2,567 |
| * | Shining Building Business Co. Ltd. | 9,003,638 | 2,532 |
| | Kuo Yang Construction Co. Ltd. | 4,552,900 | 2,532 |
| | Formosan Rubber Group Inc. | 4,084,135 | 2,507 |
| | Firich Enterprises Co. Ltd. | 3,194,354 | 2,483 |
| | Global Brands Manufacture Ltd. | 3,108,680 | 2,481 |
| | ASROCK Inc. | 816,000 | 2,470 |
| | Taiflex Scientific Co. Ltd. | 1,971,920 | 2,457 |
| | Quanta Storage Inc. | 2,078,000 | 2,433 |
| | Amazing Microelectronic Corp. | 948,000 | 2,419 |
| * | Li Peng Enterprise Co. Ltd. | 9,936,000 | 2,385 |
| | Zeng Hsing Industrial Co. Ltd. | 710,000 | 2,367 |
| | Sincere Navigation Corp. | 4,255,240 | 2,323 |
| * | Gigastorage Corp. | 4,475,259 | 2,268 |
| | Speed Tech Corp. | 1,460,000 | 2,267 |
| * | Tanvex BioPharma Inc. | 2,458,621 | 2,243 |
| | Rich Development Co. Ltd. | 8,788,000 | 2,230 |
| | China Chemical & Pharmaceutical Co. Ltd. | 3,501,000 | 2,192 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | 91APP Inc. | 887,243 | 2,187 |
| | Kaimei Electronic Corp. | 1,332,000 | 2,136 |
| * | Elitegroup Computer Systems Co. Ltd. | 3,293,000 | 2,090 |
| | Ultra Chip Inc. | 866,000 | 2,073 |
| | Sensortek Technology Corp. | 336,000 | 2,049 |
| | Ichia Technologies Inc. | 3,652,000 | 2,019 |
| | KEE TAI Properties Co. Ltd. | 5,952,000 | 2,011 |
| | HannsTouch Solution Inc. | 7,036,115 | 2,006 |
| | Tyntek Corp. | 4,262,000 | 2,004 |
| | Elite Advanced Laser Corp. | 1,828,349 | 1,987 |
| | PChome Online Inc. | 1,257,873 | 1,956 |
| | Lingsen Precision Industries Ltd. | 4,849,000 | 1,932 |
| * | Ritek Corp. | 8,822,489 | 1,915 |
| | Fittech Co. Ltd. | 778,491 | 1,901 |
| | TYC Brother Industrial Co. Ltd. | 2,422,000 | 1,884 |
| | Rechi Precision Co. Ltd. | 3,808,000 | 1,870 |
| | Dynamic Holding Co. Ltd. | 3,705,533 | 1,863 |
| | VIA Labs Inc. | 354,000 | 1,854 |
| * | Hong Pu Real Estate Development Co. Ltd. | 2,711,000 | 1,850 |
| | Kuo Toong International Co. Ltd. | 2,995,514 | 1,796 |
| | Yulon Nissan Motor Co. Ltd. | 322,188 | 1,789 |
| | CHC Healthcare Group | 1,457,899 | 1,785 |
| | Yeong Guan Energy Technology Group Co. Ltd. | 1,154,180 | 1,776 |
| | FSP Technology Inc. | 1,548,120 | 1,773 |
| * | Taigen Biopharmaceuticals Holdings Ltd. | 4,011,820 | 1,764 |
| | Infortrend Technology Inc. | 3,282,000 | 1,752 |
| | Shinkong Insurance Co. Ltd. | 1,270,000 | 1,735 |
| | TA-I Technology Co. Ltd. | 1,349,750 | 1,729 |
| | L&K Engineering Co. Ltd. | 1,886,000 | 1,676 |
| | China Electric Manufacturing Corp. | 3,879,180 | 1,662 |
| 1 | Taiwan Cement Corp. GDR | 352,205 | 1,655 |
| | Machvision Inc. | 456,306 | 1,651 |
| | Ability Enterprise Co. Ltd. | 2,621,491 | 1,629 |
| * | Savior Lifetec Corp. | 3,248,325 | 1,626 |
| * | Foresee Pharmaceuticals Co. Ltd. | 714,000 | 1,625 |
| | Egis Technology Inc. | 934,100 | 1,623 |
| * | Brogent Technologies Inc. | 475,792 | 1,607 |
| | Cyberlink Corp. | 566,674 | 1,584 |
| * | Darwin Precisions Corp. | 5,857,900 | 1,558 |
| | Iron Force Industrial Co. Ltd. | 704,000 | 1,548 |
| | Basso Industry Corp. | 1,277,000 | 1,528 |
| | Rexon Industrial Corp. Ltd. | 1,749,525 | 1,528 |
| | Nidec Chaun-Choung Technology Corp. | 488,000 | 1,520 |
| | Nan Liu Enterprise Co. Ltd. | 673,000 | 1,461 |
| | AGV Products Corp. | 5,064,370 | 1,452 |
| * | Gigasolar Materials Corp. | 477,152 | 1,418 |
| | WUS Printed Circuit Co. Ltd. | 2,013,156 | 1,415 |
| | Jess-Link Products Co. Ltd. | 1,279,750 | 1,393 |
| * | Medigen Biotechnology Corp. | 1,470,000 | 1,355 |
| | Test Rite International Co. Ltd. | 2,162,528 | 1,354 |
| | Dyaco International Inc. | 1,212,000 | 1,338 |
| | Taiyen Biotech Co. Ltd. | 1,420,000 | 1,321 |
| * | Globe Union Industrial Corp. | 3,543,000 | 1,302 |
| | Tong-Tai Machine & Tool Co. Ltd. | 2,993,000 | 1,234 |
| * | Zinwell Corp. | 2,356,000 | 1,207 |
| * | ALI Corp. | 2,167,275 | 1,201 |
| * | Li Cheng Enterprise Co. Ltd. | 1,650,996 | 1,174 |
| * | Newmax Technology Co. Ltd. | 1,301,000 | 1,126 |
| | Shin Foong Specialty & Applied Materials Co. Ltd. | 696,200 | 1,108 |
| | Sheng Yu Steel Co. Ltd. | 1,532,000 | 1,105 |
| | Toung Loong Textile Manufacturing | 1,179,120 | 968 |
| | Senao International Co. Ltd. | 1,011,175 | 932 |
| *,3 | Roo Hsing Co. Ltd. | 10,143,000 | 919 |
| | GeneReach Biotechnology Corp. | 482,421 | 760 |
| *,3 | E-Ton Solar Tech Co. Ltd. | 843,673 | 157 |
| *,3 | Taiwan Land Development Corp. | 573,970 | — |
| | | | | | Shares | Market
Value•
($000) |
| *,3 | Unity Opto Technology Co. Ltd. | 5,295,000 | — |
| *,3 | Pihsiang Machinery Manufacturing Co. Ltd. | 2,219,000 | — |
| *,3 | XPEC Entertainment Inc. | 988,965 | — |
| *,3 | Green Energy Technology Inc. | 2,819,000 | — |
| *,3 | Pharmally International Holding Co. Ltd. | 612,856 | — |
| *,3 | Ya Hsin Industrial Co. Ltd. | 5,306,018 | — |
| | China Development Financial Holding Corp. Preference Shares | 1,001 | — |
| *,3 | Mercuries Life Insurance Co. Ltd. Rights Exp. 11/3/22 | 5,572,430 | — |
| *,3 | Zeng Hsing Industrial Co. Ltd. Rights Exp. 11/11/22 | 52,778 | — |
| * | Shanghai Comm & Savings Bank Trust Department Rights Exp. 12/8/22 | 3,317,585 | — |
| | | | | | | 12,893,971 |
| Thailand (3.1%) |
| | PTT PCL (Foreign) | 198,803,515 | 188,141 |
| | CP ALL PCL (Foreign) | 82,936,321 | 130,817 |
| * | Airports of Thailand PCL (Foreign) | 56,510,344 | 109,929 |
| | Bangkok Dusit Medical Services PCL (Foreign) | 123,311,345 | 95,708 |
| | PTT Exploration & Production PCL (Foreign) | 19,043,584 | 91,052 |
| | Advanced Info Service PCL (Foreign) | 15,575,106 | 78,265 |
| | Gulf Energy Development PCL (Foreign) | 54,740,815 | 72,752 |
| | Central Pattana PCL (Foreign) | 38,465,724 | 69,593 |
| | Kasikornbank PCL (Foreign) | 17,675,835 | 68,012 |
| | Delta Electronics Thailand PCL (Foreign) | 4,240,500 | 64,840 |
| | Siam Cement PCL NVDR | 6,822,296 | 58,101 |
| | SCB X PCL (Foreign) | 20,142,590 | 56,277 |
| | Energy Absolute PCL (Foreign) | 20,336,796 | 51,772 |
| | Charoen Pokphand Foods PCL (Foreign) | 69,368,917 | 46,121 |
| 2 | Central Retail Corp. PCL (Foreign) | 38,539,300 | 42,532 |
| * | Minor International PCL (Foreign) | 54,821,921 | 40,724 |
| | Bumrungrad Hospital PCL (Foreign) | 6,629,974 | 39,521 |
| | Intouch Holdings PCL (Foreign) | 19,175,700 | 36,301 |
| | PTT Global Chemical PCL (Foreign) | 28,963,279 | 33,184 |
| | Indorama Ventures PCL (Foreign) | 29,670,135 | 32,879 |
| | Krung Thai Bank PCL (Foreign) | 67,692,796 | 31,192 |
| | Home Product Center PCL (Foreign) | 74,974,584 | 28,811 |
| | Siam Cement PCL (Foreign) | 3,258,988 | 27,755 |
| 2 | Banpu PCL (Foreign) | 83,224,473 | 27,357 |
| 2 | Krungthai Card PCL (Foreign) | 17,976,731 | 26,970 |
| | Bangkok Bank PCL NVDR | 6,967,300 | 26,681 |
| | Bangkok Expressway & Metro PCL (Foreign) | 106,460,722 | 26,304 |
| | BTS Group Holdings PCL (Foreign) | 116,595,835 | 25,419 |
| | Digital Telecommunications Infrastructure Fund | 69,352,113 | 24,584 |
| 2 | SCG Packaging PCL (Foreign) | 17,752,700 | 24,279 |
| | Thai Oil PCL (Foreign) | 16,433,206 | 23,629 |
| | Land & Houses PCL NVDR | 90,722,380 | 21,926 |
| | PTT Oil & Retail Business PCL (Foreign) | 34,002,600 | 21,558 |
| 2 | Thonburi Healthcare Group PCL (Foreign) | 11,353,970 | 20,157 |
| | TMBThanachart Bank PCL (Foreign) | 561,907,100 | 20,108 |
| | True Corp. PCL (Foreign) | 140,513,288 | 18,338 |
| | Thai Union Group PCL (Foreign) | 38,682,179 | 18,307 |
| 2 | Siam Makro PCL (Foreign) | 17,367,357 | 16,456 |
| 2 | Electricity Generating PCL (Foreign) | 3,669,911 | 16,454 |
| | Asset World Corp. PCL (Foreign) | 102,215,100 | 16,415 |
| | Ratch Group PCL NVDR | 15,068,202 | 16,221 |
| | Global Power Synergy PCL (Foreign) | 9,839,740 | 16,037 |
| | Kiatnakin Phatra Bank PCL (Foreign) | 8,179,170 | 15,709 |
| 2 | JMT Network Services PCL (Foreign) | 8,543,364 | 14,621 |
| 2 | Kasikornbank PCL NVDR | 3,630,275 | 13,968 |
| *,2 | Central Plaza Hotel PCL (Foreign) | 10,185,413 | 13,620 |
| | Bangchak Corp. PCL (Foreign) | 16,456,566 | 13,225 |
| | Osotspa PCL (Foreign) | 18,899,800 | 13,176 |
| | Tisco Financial Group PCL (Foreign) | 5,127,268 | 12,941 |
| 2 | Com7 PCL (Foreign) | 16,238,500 | 12,914 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| | Berli Jucker PCL (Foreign) | 14,211,190 | 12,761 |
| | Forth Corp. PCL (Foreign) | 8,755,400 | 12,192 |
| 2 | CPN Retail Growth Leasehold REIT | 24,955,500 | 12,125 |
| 2 | Siam Global House PCL (Foreign) | 22,722,386 | 12,023 |
| 2 | KCE Electronics PCL (Foreign) | 10,823,714 | 11,986 |
| 2 | IRPC PCL (Foreign) | 143,569,814 | 11,866 |
| 2 | WHA Corp. PCL (Foreign) | 109,360,906 | 11,325 |
| 2 | Thanachart Capital PCL (Foreign) | 10,647,856 | 11,195 |
| 2 | Carabao Group PCL (Foreign) | 4,680,805 | 11,114 |
| | Jasmine Broadband Internet Infrastructure Fund | 53,094,637 | 11,099 |
| 2 | Total Access Communication PCL NVDR | 9,083,845 | 10,759 |
| | Ngern Tid Lor PCL (Foreign) | 15,492,223 | 10,606 |
| *,2 | Beyond Securities PCL (Foreign) | 28,466,000 | 10,423 |
| 2 | Srisawad Corp. PCL (Foreign) | 9,027,403 | 9,746 |
| | Supalai PCL (Foreign) | 17,181,885 | 9,482 |
| | Bangkok Bank PCL (Foreign) | 2,465,641 | 9,442 |
| 2 | Bangkok Commercial Asset Management PCL (Foreign) | 22,935,000 | 9,219 |
| 2 | Jay Mart PCL (Foreign) | 7,732,100 | 9,197 |
| | Krung Thai Bank PCL NVDR | 19,542,000 | 9,005 |
| 2 | Muangthai Capital PCL (Foreign) | 9,374,345 | 8,945 |
| | Singer Thailand PCL (Foreign) | 9,143,500 | 8,732 |
| 2 | B Grimm Power PCL (Foreign) | 9,498,647 | 8,423 |
| | Esso Thailand PCL (Foreign) | 21,836,873 | 8,338 |
| 2 | Tisco Financial Group PCL NVDR | 3,244,993 | 8,190 |
| 2 | CH Karnchang PCL (Foreign) | 13,398,163 | 8,182 |
| | AP Thailand PCL (Foreign) | 31,641,842 | 8,151 |
| 2 | Mega Lifesciences PCL (Foreign) | 6,484,800 | 7,544 |
| 2 | Hana Microelectronics PCL (Foreign) | 8,018,683 | 7,355 |
| 2 | Dhipaya Group Holdings PCL (Foreign) | 5,137,000 | 7,324 |
| 2 | Gunkul Engineering PCL (Foreign) | 53,680,066 | 7,285 |
| 2 | VGI PCL (Foreign) | 75,386,269 | 7,218 |
| 2 | CK Power PCL (Foreign) | 52,946,472 | 6,888 |
| 2 | Bangkok Chain Hospital PCL (Foreign) | 13,811,645 | 6,719 |
| 2 | Ramkhamhaeng Hospital PCL (Foreign) | 4,572,863 | 6,671 |
| 2 | Sansiri PCL (Foreign) | 190,757,106 | 6,572 |
| | Chularat Hospital PCL (Foreign) | 70,197,346 | 6,531 |
| 2 | Vibhavadi Medical Center PCL (Foreign) | 83,918,200 | 6,310 |
| 2 | Amata Corp. PCL (Foreign) | 11,634,623 | 5,969 |
| | Star Petroleum Refining PCL (Foreign) | 18,469,768 | 5,803 |
| 2 | Sino-Thai Engineering & Construction PCL (Foreign) | 18,776,163 | 5,787 |
| 2 | TOA Paint Thailand PCL (Foreign) | 6,826,034 | 5,658 |
| | Thailand Future Fund | 28,884,000 | 5,580 |
| | AEON Thana Sinsap Thailand PCL (Foreign) | 1,272,500 | 5,468 |
| 2 | Sri Trang Agro-Industry PCL (Foreign) | 10,596,661 | 5,355 |
| | Land & Houses PCL (Foreign) | 22,011,600 | 5,320 |
| 2 | Dohome PCL (Foreign) | 15,680,380 | 5,314 |
| *,2 | Jasmine Technology Solution PCL (Foreign) | 4,115,092 | 5,218 |
| | TPI Polene PCL (Foreign) | 110,912,061 | 5,159 |
| 2 | Bangkok Life Assurance PCL (Foreign) | 5,581,991 | 4,799 |
| 2 | Quality Houses PCL (Foreign) | 83,576,851 | 4,740 |
| 2 | Siam City Cement PCL (Foreign) | 1,154,106 | 4,577 |
| 2 | Bangkok Land PCL (Foreign) | 170,463,378 | 4,523 |
| 2 | Thai Vegetable Oil PCL (Foreign) | 5,955,191 | 4,457 |
| | Tipco Asphalt PCL (Foreign) | 9,492,030 | 4,264 |
| 2 | TQM Alpha PCL (Foreign) | 4,312,700 | 4,258 |
| 2 | Thoresen Thai Agencies PCL (Foreign) | 21,092,187 | 4,171 |
| | Major Cineplex Group PCL (Foreign) | 8,632,997 | 4,132 |
| * | BTS Rail Mass Transit Growth Infrastructure Fund | 38,833,573 | 4,042 |
| *,2 | Plan B Media PCL (Foreign) | 21,229,660 | 3,939 |
| 2 | Sri Trang Gloves Thailand PCL (Foreign) | 13,212,600 | 3,860 |
| * | STARK Corp. PCL (Foreign) | 45,439,200 | 3,822 |
| 2 | TTW PCL (Foreign) | 16,630,834 | 3,795 |
| 2 | Energy Absolute PCL NVDR | 1,464,300 | 3,728 |
| | | | | | Shares | Market
Value•
($000) |
| *,2 | Bangkok Airways PCL (Foreign) | 10,185,024 | 3,614 |
| 2 | Thaifoods Group PCL (Foreign) | 24,111,275 | 3,553 |
| 2 | BEC World PCL (Foreign) | 13,950,527 | 3,534 |
| 2 | Super Energy Corp. PCL (Foreign) | 187,324,419 | 3,448 |
| 2 | Precious Shipping PCL (Foreign) | 9,584,963 | 3,317 |
| *,2 | Jasmine International PCL (Foreign) | 51,082,655 | 3,250 |
| 2 | Banpu Power PCL (Foreign) | 7,956,139 | 3,118 |
| | Ratchthani Leasing PCL (Foreign) | 26,155,350 | 3,083 |
| | MK Restaurants Group PCL (Foreign) | 1,889,900 | 2,897 |
| *,2 | Kerry Express Thailand PCL (Foreign) | 6,070,500 | 2,808 |
| | Pruksa Real Estate PCL (Foreign) | 11,775,000 | 2,784 |
| | MBK PCL (Foreign) | 5,532,337 | 2,735 |
| | Pruksa Holding PCL (Foreign) | 8,560,530 | 2,706 |
| *,2 | Italian-Thai Development PCL (Foreign) | 53,232,231 | 2,702 |
| | GFPT PCL (Foreign) | 6,838,096 | 2,642 |
| 2 | TPI Polene Power PCL (Foreign) | 28,678,800 | 2,532 |
| 2 | Thaicom PCL (Foreign) | 8,311,185 | 2,511 |
| | North Bangkok Power Plant Block 1 Infrastructure Fund - EGAT | 13,856,100 | 2,458 |
| 2 | BCPG PCL (Foreign) | 9,515,142 | 2,389 |
| 2 | PTG Energy PCL (Foreign) | 6,034,746 | 2,207 |
| | SCB X PCL NVDR | 786,320 | 2,197 |
| *,2 | U City plc (Foreign) | 49,579,369 | 2,100 |
| 2 | Origin Property PCL (Foreign) | 7,239,219 | 1,940 |
| 2 | SPCG PCL (Foreign) | 5,307,404 | 1,913 |
| 2 | Workpoint Entertainment PCL (Foreign) | 3,546,534 | 1,687 |
| 2 | Ratch Group PCL (Foreign) | 1,475,056 | 1,588 |
| | Taokaenoi Food & Marketing PCL (Foreign) | 8,379,781 | 1,542 |
| 2 | Bangkok Life Assurance PCL NVDR | 1,757,900 | 1,511 |
| | Intouch Holdings PCL NVDR | 793,300 | 1,502 |
| 2 | LPN Development PCL (Foreign) | 12,879,597 | 1,402 |
| *,2,3 | Thai Airways International PCL (Foreign) | 14,720,268 | 984 |
| *,2 | Samart Corp. PCL (Foreign) | 6,186,920 | 927 |
| * | Unique Engineering & Construction PCL (Foreign) | 7,464,209 | 880 |
| | IMPACT Growth REIT | 1,866,958 | 589 |
| *,3 | Thai Union Group PCL Rights Exp. 12/31/22 | 1,096,862 | 507 |
| *,3 | Singer Thailand PCL Rights Exp. 12/31/23 | 6,382,451 | 300 |
| 2 | Maybank Securities Thailand PCL (Foreign) | 563,800 | 166 |
| * | VGI PCL Warrants Exp. 5/23/27 | 18,209,185 | 81 |
| | | | | | | 2,556,438 |
| Turkey (0.9%) |
| | BIM Birlesik Magazalar A/S | 6,078,544 | 43,765 |
| * | Turk Hava Yollari AO | 7,650,617 | 41,641 |
| | Turkiye Sise ve Cam Fabrikalari A/S | 19,995,808 | 35,654 |
| * | Turkiye Petrol Rafinerileri A/S | 1,738,861 | 35,226 |
| | KOC Holding A/S | 11,760,338 | 35,082 |
| | Akbank TAS | 42,594,995 | 33,485 |
| * | Sasa Polyester Sanayi A/S | 4,719,695 | 30,398 |
| | Eregli Demir ve Celik Fabrikalari TAS | 18,698,898 | 29,799 |
| * | Hektas Ticaret TAS | 16,296,876 | 25,057 |
| | Enka Insaat ve Sanayi A/S | 24,208,191 | 24,384 |
| | Turkcell Iletisim Hizmetleri A/S | 16,438,997 | 22,690 |
| | Haci Omer Sabanci Holding A/S | 12,403,500 | 22,338 |
| | Turkiye Is Bankasi A/S Class C | 43,205,649 | 21,644 |
| | Yapi ve Kredi Bankasi A/S | 37,271,545 | 18,455 |
| | Ford Otomotiv Sanayi A/S | 862,391 | 16,831 |
| | Aksa Enerji Uretim A/S Class B | 6,507,465 | 14,475 |
| | Aselsan Elektronik Sanayi ve Ticaret A/S | 8,288,041 | 14,349 |
| * | Petkim Petrokimya Holding A/S | 17,344,017 | 12,407 |
| | Turkiye Garanti Bankasi A/S | 8,165,597 | 10,318 |
| * | TAV Havalimanlari Holding A/S | 2,406,332 | 10,135 |
| * | Penta Teknoloji Urunleri Dagitim Ticaret A/S Class B | 2,734,020 | 9,841 |
| | Arcelik A/S | 2,170,012 | 9,171 |
| * | Gubre Fabrikalari TAS | 1,128,001 | 8,837 |
| | Tofas Turk Otomobil Fabrikasi A/S | 1,662,668 | 8,773 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| * | Pegasus Hava Tasimaciligi A/S | 491,165 | 8,448 |
| * | Migros Ticaret A/S | 1,284,862 | 8,355 |
| | Coca-Cola Icecek A/S | 904,485 | 8,354 |
| * | ODAS Elektrik Uretim ve Sanayi Ticaret A/S | 20,017,145 | 8,241 |
| | AG Anadolu Grubu Holding A/S | 1,743,478 | 8,057 |
| * | Can2 Termik A/S | 934,350 | 7,177 |
| | Anadolu Efes Biracilik ve Malt Sanayii A/S Class B | 2,780,551 | 7,155 |
| | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S | 10,944,282 | 7,033 |
| | Koza Altin Isletmeleri A/S | 641,510 | 6,710 |
| | Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 26,384,682 | 6,256 |
| * | Turkiye Vakiflar Bankasi TAO | 13,256,245 | 6,099 |
| | Alarko Holding A/S | 1,736,437 | 5,993 |
| | Aksa Akrilik Kimya Sanayii A/S | 1,561,875 | 5,845 |
| | Bera Holding A/S | 4,293,652 | 5,288 |
| 1 | Mavi Giyim Sanayi ve Ticaret A/S Class B | 1,045,702 | 4,898 |
| | Turk Telekomunikasyon A/S | 7,267,484 | 4,843 |
| * | Sok Marketler Ticaret A/S | 3,697,717 | 4,697 |
| | Tekfen Holding A/S | 2,596,075 | 4,604 |
| * | Koza Anadolu Metal Madencilik Isletmeleri A/S | 2,599,321 | 4,450 |
| | Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 3,326,306 | 4,223 |
| | Dogan Sirketler Grubu Holding A/S | 13,114,112 | 4,195 |
| | Nuh Cimento Sanayi A/S | 858,026 | 4,035 |
| * | Oyak Cimento Fabrikalari A/S | 4,343,489 | 3,922 |
| * | Turkiye Halk Bankasi A/S | 8,729,722 | 3,866 |
| | Borusan Yatirim ve Pazarlama A/S | 93,833 | 3,745 |
| | Turk Traktor ve Ziraat Makineleri A/S | 178,642 | 3,652 |
| *,1 | MLP Saglik Hizmetleri A/S Class B | 1,023,742 | 3,583 |
| 1 | Enerjisa Enerji A/S | 3,242,255 | 3,573 |
| | Is Yatirim Menkul Degerler A/S | 1,742,875 | 3,383 |
| | Dogus Otomotiv Servis ve Ticaret A/S | 485,898 | 3,202 |
| | Iskenderun Demir ve Celik A/S | 2,148,212 | 2,939 |
| * | Sinpas Gayrimenkul Yatirim Ortakligi A/S | 10,098,849 | 2,935 |
| | EGE Endustri ve Ticaret A/S | 16,393 | 2,908 |
| | Otokar Otomotiv ve Savunma Sanayi A/S | 101,255 | 2,878 |
| * | Ulker Biskuvi Sanayi A/S | 2,029,950 | 2,869 |
| | Ziraat Gayrimenkul Yatirim Ortakligi A/S | 11,709,568 | 2,750 |
| * | Turkiye Sinai Kalkinma Bankasi A/S | 15,918,812 | 2,575 |
| | Vestel Elektronik Sanayi ve Ticaret A/S | 1,015,165 | 2,516 |
| | Kordsa Teknik Tekstil A/S | 726,453 | 2,505 |
| | Cimsa Cimento Sanayi ve Ticaret A/S | 592,153 | 2,439 |
| * | Is Gayrimenkul Yatirim Ortakligi A/S | 5,953,887 | 2,438 |
| | Logo Yazilim Sanayi ve Ticaret A/S | 789,523 | 2,230 |
| | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A/S | 2,076,227 | 2,218 |
| * | NET Holding A/S | 2,825,096 | 2,204 |
| * | Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim A/S | 1,456,375 | 2,140 |
| | Kervan Gida Sanayi ve Ticaret A/S Class B | 2,101,510 | 2,110 |
| * | Zorlu Enerji Elektrik Uretim A/S | 8,186,588 | 2,079 |
| | Aygaz A/S | 609,265 | 1,929 |
| | Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class A | 3,430,733 | 1,779 |
| | Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A/S | 1,820,022 | 1,682 |
| * | Konya Cimento Sanayii A/S | 12,348 | 1,597 |
| * | Is Finansal Kiralama A/S | 3,435,914 | 1,569 |
| | Tat Gida Sanayi A/S | 1,010,468 | 1,538 |
| * | Kizilbuk Gayrimenkul Yatirim Ortakligi A/S | 1,263,712 | 1,462 |
| * | Albaraka Turk Katilim Bankasi A/S | 11,590,694 | 1,426 |
| | Yatas Yatak ve Yorgan Sanayi ve Ticaret A/S | 1,176,728 | 1,282 |
| | Akcansa Cimento A/S | 526,035 | 1,243 |
| | Kartonsan Karton Sanayi ve Ticaret A/S | 241,482 | 1,207 |
| | Brisa Bridgestone Sabanci Sanayi ve Ticaret A/S | 464,497 | 1,177 |
| | Polisan Holding A/S | 2,142,054 | 1,128 |
| | | | | | Shares | Market
Value•
($000) |
| * | Torunlar Gayrimenkul Yatirim Ortakligi A/S | 1,647,539 | 1,054 |
| * | Sekerbank Turk A/S | 7,920,336 | 864 |
| * | Aksigorta A/S | 3,716,396 | 518 |
| * | Aksigorta A/S Rights Exp. 11/10/22 | 3,716,396 | 513 |
| *,3 | Asya Katilim Bankasi A/S | 6,317,442 | — |
| | | | | | | 763,338 |
| United Arab Emirates (1.8%) |
| | Emirates Telecommunications Group Co. PJSC | 47,999,241 | 337,342 |
| | First Abu Dhabi Bank PJSC | 60,965,327 | 297,313 |
| * | Alpha Dhabi Holding PJSC | 18,530,138 | 123,618 |
| | Abu Dhabi Commercial Bank PJSC | 38,368,471 | 98,767 |
| | Emaar Properties PJSC | 55,556,206 | 91,710 |
| | Dubai Islamic Bank PJSC | 40,556,085 | 64,252 |
| | Aldar Properties PJSC | 49,143,672 | 57,806 |
| | Abu Dhabi Islamic Bank PJSC | 20,326,362 | 52,592 |
| * | Multiply Group | 47,286,578 | 50,988 |
| | Abu Dhabi National Oil Co. for Distribution PJSC | 40,150,221 | 49,344 |
| | Dubai Electricity & Water Authority PJSC | 46,723,253 | 31,048 |
| * | Q Holding PJSC | 27,462,831 | 29,577 |
| | Fertiglobe plc | 16,125,894 | 22,339 |
| | ADNOC Drilling Co. PJSC | 22,464,409 | 20,482 |
| | Borouge plc | 26,264,153 | 19,434 |
| * | Abu Dhabi Ports Co. PJSC | 12,219,283 | 18,879 |
| | Air Arabia PJSC | 32,565,474 | 18,087 |
| | Dubai Investments PJSC | 29,397,697 | 17,446 |
| * | Emaar Development PJSC | 11,427,478 | 13,308 |
| | Dana Gas PJSC | 47,605,978 | 12,187 |
| | GFH Financial Group BSC | 48,382,637 | 11,723 |
| | AL Yah Satellite Communications Co-PJSC-Yah Sat | 13,336,666 | 9,945 |
| | Dubai Financial Market PJSC | 23,062,394 | 8,870 |
| * | Apex Investment Co. PSC | 6,797,601 | 7,099 |
| * | AL Seer Marine Supplies & Equipment Co. LLC | 2,683,501 | 6,611 |
| | Sharjah Islamic Bank | 9,690,660 | 5,170 |
| | Aramex PJSC | 4,112,293 | 4,067 |
| * | RAK Properties PJSC | 14,727,997 | 2,965 |
| *,3 | Arabtec Holding PJSC | 10,929,061 | 1,577 |
| *,3 | Drake & Scull International PJSC | 4,230,859 | 426 |
| | | | | | | 1,484,972 |
Total Common Stocks
(Cost $83,582,378) | 81,935,890 |
Emerging Markets Stock Index Fund
| | | | | | Shares | Market
Value•
($000) |
| Temporary Cash Investments (2.7%) |
| Money Market Fund (2.7%) |
| 4,5 | Vanguard Market Liquidity Fund, 3.117%
(Cost $2,272,734) | 22,737,195 | 2,273,265 |
Total Investments (101.4%)
(Cost $85,855,112) | | 84,209,155 |
| Other Assets and Liabilities—Net (-1.4%) | | (1,196,278) |
| Net Assets (100%) | | 83,012,877 |
| • | See Note A in Notes to Financial Statements. |
| * | Non-income-producing security. |
| 1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2022, the aggregate value was $4,143,035,000, representing 5.0% of net assets. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $895,376,000. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $992,988,000 was received for securities on loan. |
| | ADR—American Depositary Receipt. |
| | GDR—Global Depositary Receipt. |
| | NVDR—Non-Voting Depositary Receipt. |
| | REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
| Futures Contracts |
| | | | ($000) |
| | Expiration | Number of
Long (Short)
Contracts | Notional
Amount | Value and
Unrealized
Appreciation
(Depreciation) |
| Long Futures Contracts |
| MSCI Emerging Market Index | December 2022 | 16,729 | 713,994 | (71,614) |
| Forward Currency Contracts |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
(Depreciation)
($000) |
| Counterparty | | Receive | | Deliver | |
| State Street Bank & Trust Co. | 12/21/22 | BRL | 515,926 | USD | 94,855 | 3,958 | — |
| UBS AG | 12/21/22 | HKD | 659,819 | USD | 84,206 | — | (95) |
| BNP Paribas | 12/21/22 | INR | 17,620,262 | USD | 219,046 | — | (7,080) |
| HSBC Bank plc | 12/21/22 | INR | 9,076,649 | USD | 112,714 | — | (3,525) |
| Citibank, N.A. | 12/21/22 | INR | 8,854,403 | USD | 109,764 | — | (3,248) |
| UBS AG | 12/21/22 | INR | 8,720,702 | USD | 108,618 | — | (3,711) |
| State Street Bank & Trust Co. | 12/21/22 | TWD | 1,685,013 | USD | 54,976 | — | (2,457) |
| Standard Chartered Bank | 12/21/22 | TWD | 285,147 | USD | 8,934 | — | (46) |
| BNP Paribas | 12/21/22 | TWD | 285,147 | USD | 8,926 | — | (39) |
| Citibank, N.A. | 12/21/22 | TWD | 280,891 | USD | 8,801 | — | (46) |
| HSBC Bank plc | 12/21/22 | USD | 96,348 | BRL | 515,926 | — | (2,465) |
| UBS AG | 12/21/22 | USD | 85,079 | HKD | 666,659 | 96 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 22,168 | HKD | 173,733 | 22 | — |
Emerging Markets Stock Index Fund
| Forward Currency Contracts (continued) |
| | Contract
Settlement
Date | Contract Amount (000) | Unrealized
Appreciation
($000) | Unrealized
(Depreciation)
($000) |
| Counterparty | | Receive | | Deliver |
| Royal Bank of Canada | 12/21/22 | USD | 16,206 | HKD | 126,983 | 19 | — |
| Morgan Stanley Capital Services LLC | 12/21/22 | USD | 10,919 | HKD | 85,570 | 11 | — |
| State Street Bank & Trust Co. | 12/21/22 | USD | 55,542 | TWD | 1,702,371 | 2,482 | — |
| Bank of America, N.A. | 12/21/22 | USD | 27,659 | TWD | 851,185 | 1,129 | — |
| HSBC Bank plc | 12/21/22 | USD | 27,631 | TWD | 851,185 | 1,102 | — |
| | | | | | | 8,819 | (22,712) |
| BRL—Brazilian real. |
| HKD—Hong Kong dollar. |
| INR—Indian rupee. |
| TWD—Taiwanese dollar. |
| USD—U.S. dollar. |
| Over-the-Counter Total Return Swaps |
| Reference Entity | Termination
Date | Counterparty | Notional
Amount
($000) | Floating
Interest
Rate
Received
(Paid)1
(%) | Value and
Unrealized
Appreciation
($000) | Value and
Unrealized
(Depreciation)
($000) |
| AUO Corp. | 8/31/23 | BANA | 9,261 | 0.728 | — | (866) |
| China Airlines Ltd. | 8/31/23 | BANA | 7,953 | 9.428 | — | (33) |
| Contemporary Amperex Technology Co. Ltd. Class A | 8/31/23 | BANA | 36,747 | (1.571) | — | (3,572) |
| Evergreen Marine Corp. Taiwan Ltd. | 2/16/23 | GSI | 14,173 | (1.658) | — | (354) |
| FTSE China A Stock Connect CNY All Cap Index | 6/16/23 | BANA | 191,216 | 1.178 | — | (18,371) |
| Innolux Corp. | 8/31/23 | BANA | 11,520 | (1.072) | 122 | — |
| IRB Brasil Resseguros SA | 2/28/23 | BANA | 1,729 | 6.926 | — | (173) |
| Nan Ya Printed Circuit Board Corp. | 8/31/23 | BANA | 5,953 | 3.926 | 629 | — |
| Novatek Microelectronics Corp. | 2/16/23 | GSI | 17,116 | (1.408) | — | (668) |
| United Microelectronics Corp. | 8/31/23 | BANA | 22,520 | (0.824) | 1,734 | — |
| | | | | | 2,485 | (24,037) |
| 1 | Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. |
| | BANA—Bank of America, N.A. |
| | GSI—Goldman Sachs International. |
At October 31, 2022, the counterparties had deposited in segregated accounts securities with a value of $1,295,000 and cash of $270,000 in connection with open forward currency contracts and over-the-counter swap contracts.
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
Statement of Assets and Liabilities
|
| ($000s, except shares and per-share amounts) | Amount |
| Assets | |
| Investments in Securities, at Value1 | |
| Unaffiliated Issuers (Cost $83,582,378) | 81,935,890 |
| Affiliated Issuers (Cost $2,272,734) | 2,273,265 |
| Total Investments in Securities | 84,209,155 |
| Investment in Vanguard | 3,449 |
| Foreign Currency, at Value (Cost $256,904) | 249,203 |
| Cash Collateral Pledged—Futures Contracts | 36,470 |
| Cash Collateral Pledged—Over-the-Counter Swap Contracts and Forward Currency Contracts | 30,165 |
| Receivables for Investment Securities Sold | 24,847 |
| Receivables for Accrued Income | 52,633 |
| Receivables for Capital Shares Issued | 72,413 |
| Unrealized Appreciation—Forward Currency Contracts | 8,819 |
| Unrealized Appreciation—Over-the-Counter Swap Contracts | 2,485 |
| Other Assets | 2,774 |
| Total Assets | 84,692,413 |
| Liabilities | |
| Due to Custodian | 20,205 |
| Payables for Investment Securities Purchased | 4,610 |
| Collateral for Securities on Loan | 992,988 |
| Payables for Capital Shares Redeemed | 21,482 |
| Payables to Vanguard | 3,359 |
| Variation Margin Payable—Futures Contracts | 2,177 |
| Unrealized Depreciation—Forward Currency Contracts | 22,712 |
| Unrealized Depreciation—Over-the-Counter Swap Contracts | 24,037 |
| Deferred Foreign Capital Gains Taxes | 587,966 |
| Total Liabilities | 1,679,536 |
| Net Assets | 83,012,877 |
| 1 Includes $895,376 of securities on loan. | |
Emerging Markets Stock Index Fund
Statement of Assets and Liabilities (continued)
|
At October 31, 2022, net assets consisted of: |
|
| ($000s, except shares and per-share amounts) | Amount |
| Paid-in Capital | 102,794,104 |
| Total Distributable Earnings (Loss) | (19,781,227) |
| Net Assets | 83,012,877 |
| |
| Investor Shares—Net Assets | |
Applicable to 4,118,808 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 92,242 |
| Net Asset Value Per Share—Investor Shares | $22.40 |
| |
| ETF Shares—Net Assets | |
Applicable to 1,721,074,204 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 60,831,619 |
| Net Asset Value Per Share—ETF Shares | $35.35 |
| |
| Admiral Shares—Net Assets | |
Applicable to 435,569,344 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 12,802,604 |
| Net Asset Value Per Share—Admiral Shares | $29.39 |
| |
| Institutional Shares—Net Assets | |
Applicable to 255,702,527 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 5,714,878 |
| Net Asset Value Per Share—Institutional Shares | $22.35 |
| |
| Institutional Plus Shares—Net Assets | |
Applicable to 48,039,125 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) | 3,571,534 |
| Net Asset Value Per Share—Institutional Plus Shares | $74.35 |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
|
| | Year Ended
October 31, 2022 |
| | ($000) |
| Investment Income | |
| Income | |
| Dividends 1 | 3,257,536 |
| Interest 2 | 11,868 |
| Securities Lending—Net | 41,157 |
| Total Income | 3,310,561 |
| Expenses | |
| The Vanguard Group—Note B | |
| Investment Advisory Services | 2,374 |
| Management and Administrative—Investor Shares | 212 |
| Management and Administrative—ETF Shares | 38,857 |
| Management and Administrative—Admiral Shares | 17,276 |
| Management and Administrative—Institutional Shares | 4,974 |
| Management and Administrative—Institutional Plus Shares | 2,270 |
| Marketing and Distribution—Investor Shares | 10 |
| Marketing and Distribution—ETF Shares | 2,363 |
| Marketing and Distribution—Admiral Shares | 861 |
| Marketing and Distribution—Institutional Shares | 291 |
| Marketing and Distribution—Institutional Plus Shares | 128 |
| Custodian Fees | 19,533 |
| Auditing Fees | 50 |
| Shareholders’ Reports and Proxy Fees—Investor Shares | 17 |
| Shareholders’ Reports and Proxy Fees—ETF Shares | 2,617 |
| Shareholders’ Reports and Proxy Fees—Admiral Shares | 351 |
| Shareholders’ Reports and Proxy Fees—Institutional Shares | 114 |
| Shareholders’ Reports and Proxy Fees—Institutional Plus Shares | 41 |
| Trustees’ Fees and Expenses | 39 |
| Other Expenses | 178 |
| Total Expenses | 92,556 |
| Expenses Paid Indirectly | (164) |
| Net Expenses | 92,392 |
| Net Investment Income | 3,218,169 |
| Realized Net Gain (Loss) | |
| Investment Securities Sold2 | (2,971,994) |
| Futures Contracts | (245,051) |
| Swap Contracts | (120,430) |
| Forward Currency Contracts | (10,155) |
| Foreign Currencies | (55,001) |
| Realized Net Gain (Loss) | (3,402,631) |
| Change in Unrealized Appreciation (Depreciation) | |
| Investment Securities2,3 | (31,518,776) |
| Futures Contracts | (53,838) |
| Swap Contracts | (30,996) |
| Forward Currency Contracts | (7,077) |
| Foreign Currencies | (6,917) |
| Change in Unrealized Appreciation (Depreciation) | (31,617,604) |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (31,802,066) |
| 1 | Dividends are net of foreign withholding taxes of $369,098,000. |
| 2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $11,868,000, ($867,000), $28,000, and $255,000, respectively. Purchases and sales are for temporary cash investment purposes. |
| 3 | The change in unrealized appreciation (depreciation) is net of the change in deferred foreign capital gains taxes of ($71,740,000). |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
Statement of Changes in Net Assets
|
| | Year Ended October 31, |
| | 2022
($000) | 2021
($000) |
| Increase (Decrease) in Net Assets | | |
| Operations | | |
| Net Investment Income | 3,218,169 | 2,474,937 |
| Realized Net Gain (Loss) | (3,402,631) | (1,040,862) |
| Change in Unrealized Appreciation (Depreciation) | (31,617,604) | 13,625,797 |
| Net Increase (Decrease) in Net Assets Resulting from Operations | (31,802,066) | 15,059,872 |
| Distributions | | |
| Investor Shares | (3,797) | (3,538) |
| ETF Shares | (2,431,621) | (1,706,366) |
| Admiral Shares | (504,530) | (377,206) |
| Institutional Shares | (222,936) | (172,185) |
| Institutional Plus Shares | (135,332) | (114,136) |
| Total Distributions | (3,298,216) | (2,373,431) |
| Capital Share Transactions | | |
| Investor Shares | (38,699) | (14,102) |
| ETF Shares | 6,537,746 | 9,871,776 |
| Admiral Shares | 543,331 | 997,818 |
| Institutional Shares | 301,370 | 225,108 |
| Institutional Plus Shares | (95,757) | (275,630) |
| Net Increase (Decrease) from Capital Share Transactions | 7,247,991 | 10,804,970 |
| Total Increase (Decrease) | (27,852,291) | 23,491,411 |
| Net Assets | | |
| Beginning of Period | 110,865,168 | 87,373,757 |
| End of Period | 83,012,877 | 110,865,168 |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
| Investor Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $32.02 | $27.86 | $26.59 | $24.02 | $28.16 |
| Investment Operations | | | | | |
| Net Investment Income1 | .805 | .670 | .528 | .643 2 | .663 |
| Net Realized and Unrealized Gain (Loss) on Investments | (9.574) | 4.133 | 1.456 | 2.601 | (4.187) |
| Total from Investment Operations | (8.769) | 4.803 | 1.984 | 3.244 | (3.524) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (.851) | (.643) | (.714) | (.674) | (.616) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (.851) | (.643) | (.714) | (.674) | (.616) |
| Net Asset Value, End of Period | $22.40 | $32.02 | $27.86 | $26.59 | $24.02 |
| Total Return3 | -27.83% | 17.23% | 7.55% | 13.66% | -12.73% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $92 | $171 | $162 | $239 | $1,283 |
| Ratio of Total Expenses to Average Net Assets | 0.29% 4 | 0.29% | 0.29% | 0.29% | 0.29% |
| Ratio of Net Investment Income to Average Net Assets | 2.85% | 2.05% | 2.02% | 2.48% 2 | 2.36% |
| Portfolio Turnover Rate5 | 7% | 9% | 10% | 9% | 11% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Net investment income per share and the ratio of net investment income to average net assets include $.171 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
| 3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.29%. |
| 5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
| FTSE Emerging Markets ETF Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $50.55 | $43.98 | $41.99 | $37.91 | $44.47 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.410 | 1.186 | .954 | 1.393 2 | 1.126 |
| Net Realized and Unrealized Gain (Loss) on Investments | (15.163) | 6.506 | 2.249 | 3.826 | (6.636) |
| Total from Investment Operations | (13.753) | 7.692 | 3.203 | 5.219 | (5.510) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.447) | (1.122) | (1.213) | (1.139) | (1.050) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.447) | (1.122) | (1.213) | (1.139) | (1.050) |
| Net Asset Value, End of Period | $35.35 | $50.55 | $43.98 | $41.99 | $37.91 |
| Total Return | -27.68% | 17.51% | 7.77% | 13.95% | -12.64% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $60,832 | $80,116 | $61,434 | $63,089 | $53,765 |
| Ratio of Total Expenses to Average Net Assets | 0.08% 3 | 0.08% | 0.10% | 0.10% | 0.12% |
| Ratio of Net Investment Income to Average Net Assets | 3.19% | 2.29% | 2.31% | 3.40% 2 | 2.53% |
| Portfolio Turnover Rate4 | 7% | 9% | 10% | 9% | 11% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Net investment income per share and the ratio of net investment income to average net assets include $.271 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
| Admiral Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $42.04 | $36.57 | $34.91 | $31.53 | $36.99 |
| Investment Operations | | | | | |
| Net Investment Income1 | 1.145 | .949 | .784 | 1.154 2 | .944 |
| Net Realized and Unrealized Gain (Loss) on Investments | (12.617) | 5.432 | 1.870 | 3.155 | (5.531) |
| Total from Investment Operations | (11.472) | 6.381 | 2.654 | 4.309 | (4.587) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (1.178) | (.911) | (.994) | (.929) | (.873) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (1.178) | (.911) | (.994) | (.929) | (.873) |
| Net Asset Value, End of Period | $29.39 | $42.04 | $36.57 | $34.91 | $31.53 |
| Total Return3 | -27.76% | 17.44% | 7.72% | 13.83% | -12.64% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $12,803 | $17,690 | $14,541 | $14,383 | $11,632 |
| Ratio of Total Expenses to Average Net Assets | 0.14% 4 | 0.14% | 0.14% | 0.14% | 0.14% |
| Ratio of Net Investment Income to Average Net Assets | 3.11% | 2.21% | 2.28% | 3.38% 2 | 2.51% |
| Portfolio Turnover Rate5 | 7% | 9% | 10% | 9% | 11% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Net investment income per share and the ratio of net investment income to average net assets include $.225 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
| 3 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
| 4 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%. |
| 5 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
| Institutional Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $31.96 | $27.81 | $26.55 | $23.98 | $28.13 |
| Investment Operations | | | | | |
| Net Investment Income1 | .882 | .736 | .611 | .888 2 | .721 |
| Net Realized and Unrealized Gain (Loss) on Investments | (9.585) | 4.120 | 1.415 | 2.401 | (4.198) |
| Total from Investment Operations | (8.703) | 4.856 | 2.026 | 3.289 | (3.477) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (.907) | (.706) | (.766) | (.719) | (.673) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (.907) | (.706) | (.766) | (.719) | (.673) |
| Net Asset Value, End of Period | $22.35 | $31.96 | $27.81 | $26.55 | $23.98 |
| Total Return | -27.70% | 17.45% | 7.76% | 13.88% | -12.60% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $5,715 | $7,791 | $6,592 | $6,309 | $5,142 |
| Ratio of Total Expenses to Average Net Assets | 0.10% 3 | 0.10% | 0.10% | 0.10% | 0.10% |
| Ratio of Net Investment Income to Average Net Assets | 3.15% | 2.25% | 2.34% | 3.43% 2 | 2.55% |
| Portfolio Turnover Rate4 | 7% | 9% | 10% | 9% | 11% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Net investment income per share and the ratio of net investment income to average net assets include $.171 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
| Institutional Plus Shares | | | | | |
For a Share Outstanding
Throughout Each Period | Year Ended October 31, |
| 2022 | 2021 | 2020 | 2019 | 2018 |
| Net Asset Value, Beginning of Period | $106.33 | $92.51 | $88.32 | $79.77 | $93.57 |
| Investment Operations | | | | | |
| Net Investment Income1 | 2.931 | 2.412 | 2.123 | 3.102 2 | 2.182 |
| Net Realized and Unrealized Gain (Loss) on Investments | (31.875) | 13.779 | 4.635 | 7.869 | (13.725) |
| Total from Investment Operations | (28.944) | 16.191 | 6.758 | 10.971 | (11.543) |
| Distributions | | | | | |
| Dividends from Net Investment Income | (3.036) | (2.371) | (2.568) | (2.421) | (2.257) |
| Distributions from Realized Capital Gains | — | — | — | — | — |
| Total Distributions | (3.036) | (2.371) | (2.568) | (2.421) | (2.257) |
| Net Asset Value, End of Period | $74.35 | $106.33 | $92.51 | $88.32 | $79.77 |
| Total Return | -27.70% | 17.49% | 7.78% | 13.93% | -12.58% |
| Ratios/Supplemental Data | | | | | |
| Net Assets, End of Period (Millions) | $3,572 | $5,097 | $4,645 | $2,784 | $1,973 |
| Ratio of Total Expenses to Average Net Assets | 0.08% 3 | 0.08% | 0.08% | 0.08% | 0.08% |
| Ratio of Net Investment Income to Average Net Assets | 3.14% | 2.22% | 2.45% | 3.59% 2 | 2.57% |
| Portfolio Turnover Rate4 | 7% | 9% | 10% | 9% | 11% |
| 1 | Calculated based on average shares outstanding. |
| 2 | Net investment income per share and the ratio of net investment income to average net assets include $.571 and 0.66%, respectively, resulting from a special dividend from Naspers Ltd. in September 2019. |
| 3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
| 4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
See accompanying Notes, which are an integral part of the Financial Statements.
Emerging Markets Stock Index Fund
Notes to Financial Statements
Vanguard Emerging Markets Stock Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers five classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, and Institutional Plus Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares, known as Vanguard FTSE Emerging Markets ETF Shares, are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
The fund invests in securities of foreign issuers, which may subject it to investment risks not normally associated with investing in securities of U.S. corporations. Further, at October 31, 2022, the fund had a concentration of its investments in securities issued in China, and the performance of such investments may be impacted by the country’s social, political, and economic conditions. Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia's invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund's investments and fund performance.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
2. Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
3. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
Emerging Markets Stock Index Fund
During the year ended October 31, 2022, the fund’s average investments in long and short futures contracts represented 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
4. Forward Currency Contracts: The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates.
The fund’s risks in using these contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Forward currency contracts are valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on forward currency contracts.
During the year ended October 31, 2022, the fund’s average investment in forward currency contracts represented 1% of net assets, based on the average of the notional amounts at each quarter-end during the period.
5. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Emerging Markets Stock Index Fund
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
During the year ended October 31, 2022, the fund’s average amounts of investments in total return swaps represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
6. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
7. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
8. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
9. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions
Emerging Markets Stock Index Fund
of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the year ended October 31, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
10. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Taxes on foreign dividends and capital gains have been provided for in accordance with the fund’s understanding of the applicable countries’ tax rules and rates. Deferred foreign capital gains tax, if any, is accrued daily based upon net unrealized gains. The fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union countries. These filings are subject to various administrative and judicial proceedings within these countries. Amounts related to these reclaims are recorded when there are no significant uncertainties as to the ultimate resolution of proceedings, the likelihood of receipt of these reclaims, and the potential timing of payment. Such tax reclaims and related professional fees, if any, are included in dividend income and other expenses, respectively.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses), shareholder reporting, and the proxy. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At October 31, 2022, the fund had contributed to Vanguard capital in the amount of $3,449,000, representing less than 0.01% of the fund’s net assets and 1.38% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the year ended October 31, 2022, custodian fee offset arrangements reduced the fund’s expenses by $164,000 (an annual rate of less than 0.01% of average net assets).
D. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
Emerging Markets Stock Index Fund
The following table summarizes the market value of the fund's investments and derivatives as of October 31, 2022, based on the inputs used to value them:
| | Level 1
($000) | Level 2
($000) | Level 3
($000) | Total
($000) |
| Investments | | | | |
| Assets | | | | |
| Common Stocks—North and South America | 8,846,144 | 546,307 | 2,426 | 9,394,877 |
| Common Stocks—Other | 2,340,330 | 70,142,348 | 58,335 | 72,541,013 |
| Temporary Cash Investments | 2,273,265 | — | — | 2,273,265 |
| Total | 13,459,739 | 70,688,655 | 60,761 | 84,209,155 |
| | | | |
| Derivative Financial Instruments | | | | |
| Assets | | | | |
| Forward Currency Contracts | — | 8,819 | — | 8,819 |
| Swap Contracts | — | 2,485 | — | 2,485 |
| Total | — | 11,304 | — | 11,304 |
| Liabilities | | | | |
| Futures Contracts1 | 71,614 | — | — | 71,614 |
| Forward Currency Contracts | — | 22,712 | — | 22,712 |
| Swap Contracts | — | 24,037 | — | 24,037 |
| Total | 71,614 | 46,749 | — | 118,363 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. At October 31, 2022, the fair values of derivatives were reflected in the Statement of Assets and Liabilities as follows:
| Statement of Assets and Liabilities | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Unrealized Appreciation—Forward Currency Contracts | — | 8,819 | 8,819 |
| Unrealized Appreciation—Over-the-Counter Swap Contracts | 2,485 | — | 2,485 |
| Total Assets | 2,485 | 8,819 | 11,304 |
| | | | |
| Unrealized Depreciation—Futures Contracts1 | 71,614 | — | 71,614 |
| Unrealized Depreciation—Forward Currency Contracts | — | 22,712 | 22,712 |
| Unrealized Depreciation—Over-the-Counter Swap Contracts | 24,037 | — | 24,037 |
| Total Liabilities | 95,651 | 22,712 | 118,363 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
Realized net gain (loss) and the change in unrealized appreciation (depreciation) on derivatives for the year ended October 31, 2022, were:
| Realized Net Gain (Loss) on Derivatives | Equity
Contracts
($000) | Foreign
Exchange
Contracts
($000) | Total
($000) |
| Futures Contracts | (245,051) | — | (245,051) |
| Swap Contracts | (120,430) | — | (120,430) |
| Forward Currency Contracts | — | (10,155) | (10,155) |
| Realized Net Gain (Loss) on Derivatives | (365,481) | (10,155) | (375,636) |
| |
| Change in Unrealized Appreciation (Depreciation) on Derivatives |
| Futures Contracts | (53,838) | — | (53,838) |
| Swap Contracts | (30,996) | — | (30,996) |
| Forward Currency Contracts | — | (7,077) | (7,077) |
| Change in Unrealized Appreciation (Depreciation) on Derivatives | (84,834) | (7,077) | (91,911) |
F. Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end,
Emerging Markets Stock Index Fund
permanent differences primarily attributable to the accounting for applicable foreign currency transactions, passive foreign investment companies, and swap agreements were reclassified between the individual components of total distributable earnings (loss).
Temporary differences between book-basis and tax-basis components of total distributable earnings (loss) arise when certain items of income, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. The differences are primarily related to the deferral of losses from wash sales; the recognition of unrealized gains or losses from certain derivative contracts; the recognition of unrealized gains from passive foreign investment companies; and the classification of securities for tax purposes. As of period end, the tax-basis components of total distributable earnings (loss) are detailed in the table as follows:
| | Amount
($000) |
| Undistributed Ordinary Income | 1,187,820 |
| Undistributed Long-Term Gains | — |
| Capital Loss Carryforwards | (17,501,863) |
| Qualified Late-Year Losses | — |
| Net Unrealized Gains (Losses) | (3,467,184) |
The tax character of distributions paid was as follows:
| | Year Ended October 31, |
| | 2022
Amount
($000) | 2021
Amount
($000) |
| Ordinary Income* | 3,298,216 | 2,373,431 |
| Long-Term Capital Gains | — | — |
| Total | 3,298,216 | 2,373,431 |
| * | Includes short-term capital gains, if any. |
As of October 31, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount
($000) |
| Tax Cost | 87,080,812 |
| Gross Unrealized Appreciation | 23,792,992 |
| Gross Unrealized Depreciation | (26,662,472) |
| Net Unrealized Appreciation (Depreciation) | (2,869,480) |
G. During the year ended October 31, 2022, the fund purchased $14,242,306,000 of investment securities and sold $7,399,697,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,156,869,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
H. Capital share transactions for each class of shares were:
| | Year Ended October 31, |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| Investor Shares | | | | | |
| Issued | 12,088 | 419 | | 35,281 | 1,072 |
| Issued in Lieu of Cash Distributions | 3,797 | 139 | | 3,538 | 109 |
| Redeemed | (54,584) | (1,793) | | (52,921) | (1,649) |
| Net Increase (Decrease)—Investor Shares | (38,699) | (1,235) | | (14,102) | (468) |
Emerging Markets Stock Index Fund
| | Year Ended October 31, |
| | 2022 | | 2021 |
| | Amount
($000) | Shares
(000) | | Amount
($000) | Shares
(000) |
| ETF Shares | | | | | |
| Issued | 6,537,746 | 136,280 | | 9,871,776 | 187,928 |
| Issued in Lieu of Cash Distributions | — | — | | — | — |
| Redeemed | — | — | | — | — |
| Net Increase (Decrease)—ETF Shares | 6,537,746 | 136,280 | | 9,871,776 | 187,928 |
| Admiral Shares | | | | | |
| Issued | 3,799,048 | 103,966 | | 3,864,155 | 89,841 |
| Issued in Lieu of Cash Distributions | 438,481 | 12,301 | | 329,698 | 7,748 |
| Redeemed | (3,694,198) | (101,539) | | (3,196,035) | (74,341) |
| Net Increase (Decrease)—Admiral Shares | 543,331 | 14,728 | | 997,818 | 23,248 |
| Institutional Shares | | | | | |
| Issued | 1,934,463 | 70,512 | | 2,271,838 | 69,396 |
| Issued in Lieu of Cash Distributions | 211,947 | 7,832 | | 161,913 | 5,003 |
| Redeemed | (1,845,040) | (66,381) | | (2,208,643) | (67,714) |
| Net Increase (Decrease)—Institutional Shares | 301,370 | 11,963 | | 225,108 | 6,685 |
| Institutional Plus Shares | | | | | |
| Issued | 1,208,329 | 12,753 | | 963,871 | 8,971 |
| Issued in Lieu of Cash Distributions | 126,507 | 1,403 | | 106,546 | 991 |
| Redeemed | (1,430,593) | (14,052) | | (1,346,047) | (12,234) |
| Net Increase (Decrease)—Institutional Plus Shares | (95,757) | 104 | | (275,630) | (2,272) |
I. Management has determined that no events or transactions occurred subsequent to October 31, 2022, that would require recognition or disclosure in these financial statements.
Report of Independent Registered
Public Accounting Firm
To the Board of Trustees of Vanguard International Equity Index Funds and Shareholders of Vanguard Emerging Markets Stock Index Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Vanguard Emerging Markets Stock Index Fund (one of the funds constituting Vanguard International Equity Index Funds, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 16, 2022
We have served as the auditor of one or more investment companies in The Vanguard Group of Funds since 1975.
Tax information (unaudited)
The fund hereby designates $1,200,142,000, or if subsequently determined to be different, the maximum amount allowable by law, as qualified dividend income for individual shareholders for the fiscal year.
The fund hereby designates $4,098,000, or if subsequently determined to be different, the maximum amount allowable by law, of interest earned from obligations of the U.S. government which is generally exempt from state income tax.
The fund designates to shareholders foreign source income of $3,626,923,000 and foreign taxes paid of $346,598,000, or if subsequently determined to be different, the maximum amounts allowable by law. Shareholders will receive more detailed information with their Form 1099-DIV to determine the calendar-year amounts to be included on their tax returns.
London Stock Exchange Group companies include FTSE International Limited (“FTSE”), Frank Russell Company (“Russell”), MTS Next Limited (“MTS”), and FTSE TMX Global Debt Capital Markets Inc. (“FTSE TMX”). All rights reserved. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under license. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of their licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the Indices or the fitness or suitability of the Indices for any particular purpose to which they might be put. The London Stock Exchange Group companies do not provide investment advice and nothing in this document should be taken as constituting financial or investment advice. The London Stock Exchange Group companies make no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the London Stock Exchange Group companies. Distribution of the London Stock Exchange Group companies’ index values and the use of their indexes to create financial products require a license with FTSE, FTSE TMX, MTS and/or Russell and/or its licensors.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the fund. Your fund’s trustees also serve on the board of directors of The Vanguard Group, Inc., which is owned by the Vanguard funds and provides services to them.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished backgrounds in business, academia, and public service. Each of the trustees and executive officers oversees 206 Vanguard funds.
Information for each trustee and executive officer of the fund appears below. That information, as well as the Vanguard fund count, is as of the date on the cover of this fund report. The mailing address of the trustees and officers is P.O. Box 876, Valley Forge, PA 19482. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at vanguard.com.
Interested Trustee1
Mortimer J. Buckley
Born in 1969. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chairman of the board (2019–present) of Vanguard and of each of the investment companies served by Vanguard; chief executive officer (2018–present) of Vanguard; chief executive officer, president, and trustee (2018–present) of each of the investment companies served by Vanguard; president and director (2017–present) of Vanguard; and president (2018–present) of Vanguard Marketing Corporation. Chief investment officer (2013–2017), managing director (2002–2017), head of the Retail Investor Group (2006–2012), and chief information officer (2001–2006) of Vanguard. Member of the board of governors of the Investment Company Institute and the board of governors of FINRA. Trustee and vice chair of The Shipley School.
Independent Trustees
Tara Bunch
Born in 1962. Trustee since November 2021. Principal occupation(s) during the past five years and other experience: head of global operations at Airbnb (2020–present). Vice president of AppleCare (2012–2020). Member of the board of directors of Out & Equal (2002–2006), the advisory board of the University of California, Berkeley School of Engineering (2020–present), and the advisory board of Santa Clara University’s Leavey School of Business (2018–present).
Emerson U. Fullwood
Born in 1948. Trustee since January 2008. Principal occupation(s) during the past five years and other experience: executive chief staff and marketing officer for North America and corporate vice president (retired 2008) of Xerox Corporation (document management products and services). Former president of the Worldwide Channels Group, Latin America, and Worldwide Customer Service and executive chief staff officer of Developing Markets of Xerox. Executive in residence and 2009–2010 Distinguished Minett Professor at the Rochester Institute of Technology. Member of the board of directors of the University of Rochester Medical Center, the Monroe Community College Foundation, the United Way of Rochester, North Carolina A&T University, Roberts Wesleyan College, and the Rochester Philharmonic Orchestra. Trustee of the University of Rochester.
F. Joseph Loughrey
Born in 1949. Trustee since October 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2009) and vice chairman of the board (2008–2009) of Cummins Inc. (industrial machinery). Chairman of the board of Hillenbrand, Inc. (specialized consumer services). Director of the V Foundation. Member of the advisory council for the College of Arts and Letters at the University of Notre Dame. Chairman of the board of Saint Anselm College.
Mark Loughridge
Born in 1953. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: senior vice president and chief financial officer (retired 2013) of IBM (information technology services). Fiduciary member of IBM’s Retirement Plan Committee (2004–2013), senior vice president and general
manager (2002–2004) of IBM Global Financing, vice president and controller (1998–2002) of IBM, and a variety of other prior management roles at IBM. Member of the Council on Chicago Booth.
Scott C. Malpass
Born in 1962. Trustee since March 2012. Principal occupation(s) during the past five years and other experience: adjunct professor of finance at the University of Notre Dame (2020–present). Chief investment officer (retired 2020) and vice president (retired 2020) of the University of Notre Dame. Assistant professor (retired June 2020) of finance at the Mendoza College of Business, University of Notre Dame, and member of the Notre Dame 403(b) Investment Committee. Member of the board of Catholic Investment Services, Inc. (investment advisors), the board of superintendence of the Institute for the Works of Religion, and the board of directors of Paxos Trust Company (finance).
Deanna Mulligan
Born in 1963. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: chief executive officer of Purposeful (advisory firm for CEOs and C-level executives; 2021–present). Board chair (2020), chief executive officer (2011–2020), and president (2010–2019) of The Guardian Life Insurance Company of America. Chief operating officer (2010–2011) and executive vice president (2008–2010) of Individual Life and Disability of the Guardian Life Insurance Company of America. Member of the board of the Economic Club of New York. Trustee of the Partnership for New York City (business leadership), Chief Executives for Corporate Purpose, and the NewYork-Presbyterian Hospital.
André F. Perold
Born in 1952. Trustee since December 2004. Principal occupation(s) during the past five years and other experience: George Gund Professor of Finance and Banking, Emeritus at the Harvard Business School (retired 2011). Chief investment officer and co-managing partner of HighVista Strategies (private investment firm). Member of the board (2018–present) of RIT Capital Partners (investment firm). Member of the investment committee of Partners Health Care System.
Sarah Bloom Raskin
Born in 1961. Trustee since January 2018. Principal occupation(s) during the past five years and other experience: deputy secretary (2014–2017) of the United States Department of the Treasury. Governor (2010–2014) of the Federal Reserve Board. Commissioner (2007–2010) of financial regulation for the State of Maryland. Colin W. Brown Distinguished Professor of the Practice of Law (2021–present), professor (2020–present), Distinguished Fellow of the Global Financial Markets Center (2020–present), and Rubenstein Fellow (2017–2020) at Duke University. Trustee (2017–present) of Amherst College and member of Amherst College Investment Committee (2019–present). Member of the Regenerative Crisis Response Committee (2020–present).
David A. Thomas
Born in 1956. Trustee since July 2021. Principal occupation(s) during the past five years and other experience: president of Morehouse College (2018–present). Professor of business administration, emeritus at Harvard University (2017–2018). Dean (2011–2016) and professor of management (2016–2017) at the Georgetown University McDonough School of Business. Director of DTE Energy Company (2013–present). Trustee of Common Fund (2019–present).
1 Mr. Buckley is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
Peter F. Volanakis
Born in 1955. Trustee since July 2009. Principal occupation(s) during the past five years and other experience: president and chief operating officer (retired 2010) of Corning Incorporated (communications equipment) and director of Corning Incorporated (2000–2010) and Dow Corning (2001–2010). Director (2012) of SPX Corporation (multi-industry manufacturing). Overseer of the Amos Tuck School of Business Administration, Dartmouth College (2001–2013). Member of the BMW Group Mobility Council.
Executive Officers
Christine M. Buchanan
Born in 1970. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief financial officer (2021–present) and treasurer (2017–present) of each of the investment companies served by Vanguard. Partner (2005–2017) at KPMG (audit, tax, and advisory services).
John Galloway
Born in 1973. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Investment stewardship officer (September 2020–present) of each of the investment companies served by Vanguard. Head of Investor Advocacy (February 2020–present) and head of Marketing Strategy and Planning (2017–2020) at Vanguard. Special assistant to the President of the United States (2015).
Ashley Grim
Born in 1984. Principal occupation(s) during the past five years and other experience: treasurer (February 2022–present) of each of the investment companies served by Vanguard. Fund transfer agent controller (2019–2022) and director of Audit Services (2017–2019) at Vanguard. Senior manager (2015–2017) at PriceWaterhouseCoopers (audit and assurance, consulting, and tax services).
Peter Mahoney
Born in 1974. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Controller (2015–present) of each of the
investment companies served by Vanguard. Head of International Fund Services (2008–2014) at Vanguard.
Anne E. Robinson
Born in 1970. Principal occupation(s) during the past five years and other experience: general counsel (2016–present) of Vanguard. Secretary (2016–present) of Vanguard and of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Managing director and general counsel of Global Cards and Consumer Services (2014–2016) at Citigroup. Counsel (2003–2014) at American Express. Nonexecutive director of the board of National Grid (energy).
Michael Rollings
Born in 1963. Principal occupation(s) during the past five years and other experience: finance director (2017–present) and treasurer (2017) of each of the investment companies served by Vanguard. Managing director (2016–present) of Vanguard. Chief financial officer (2016–present) of Vanguard. Director (2016–present) of Vanguard Marketing Corporation. Executive vice president and chief financial officer (2006–2016) of MassMutual Financial Group.
John E. Schadl
Born in 1972. Principal occupation(s) during the past five years and other experience: principal of Vanguard. Chief compliance officer (2019–present) of Vanguard and of each of the investment companies served by Vanguard. Assistant vice president (2019–present) of Vanguard Marketing Corporation.
Vanguard Senior Management Team
| Matthew Benchener | Thomas M. Rampulla |
| Joseph Brennan | Karin A. Risi |
| Mortimer J. Buckley | Anne E. Robinson |
| Gregory Davis | Michael Rollings |
| John James | Nitin Tandon |
| Chris D. McIsaac | Lauren Valente |
Connect with Vanguard®>vanguard.com
Fund Information > 800-662-7447
Direct Investor Account Services > 800-662-2739
Institutional Investor Services > 800-523-1036
Text Telephone for People
Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
All comparative mutual fund data are from Morningstar, Inc., unless otherwise noted.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
Source for Bloomberg indexes: Bloomberg Index Services Limited. Copyright 2022, Bloomberg. All rights reserved.
© 2022 The Vanguard Group, Inc.
All rights reserved.
U.S. Patent No. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Q5330 122022
Item 2: Code of Ethics.
The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Code of Ethics was amended during the reporting period covered by this report to make certain technical, non-material changes.
Item 3: Audit Committee Financial Expert.
All members of the Audit Committee have been determined by the Registrant’s Board of Trustees to be Audit Committee Financial Experts and to be independent: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Audit Fees of the Registrant.
Fiscal Year Ended October 31, 2022: $294,000
Fiscal Year Ended October 31, 2021: $418,000
Aggregate Audit Fees of Registered Investment Companies in the Vanguard Group.
Fiscal Year Ended October 31, 2022: $10,494,508
Fiscal Year Ended October 31, 2021: $11,244,694
Includes fees billed in connection with audits of the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(b) Audit-Related Fees.
Fiscal Year Ended October 31, 2022: $2,757,764
Fiscal Year Ended October 31, 2021: $2,955,181
Includes fees billed in connection with assurance and related services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(c) Tax Fees.
Fiscal Year Ended October 31, 2022: $5,202,689
Fiscal Year Ended October 31, 2021: $2,047,574
Includes fees billed in connection with tax compliance, planning, and advice services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(d) All Other Fees.
Fiscal Year Ended October 31, 2022: $298,000
Fiscal Year Ended October 31, 2021: $280,000
Includes fees billed for services related to tax reported information provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(e) (1) Pre-Approval Policies. The policy of the Registrant’s Audit Committee is to consider, and, if appropriate, approve before the principal accountant is engaged for such services, all specific audit and non-audit services provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant. In making a determination, the Audit Committee considers whether the services are consistent with maintaining the principal accountant’s independence.
In the event of a contingency situation in which the principal accountant is needed to provide services in between scheduled Audit Committee meetings, the Chairman of the Audit Committee would be called on to consider and, if appropriate, pre-approve audit or permitted non-audit services in an amount sufficient to complete services through the next Audit Committee meeting, and to determine if such services would be consistent with maintaining the accountant’s independence. At the next scheduled Audit Committee meeting, services and fees would be presented to the Audit Committee for formal consideration, and, if appropriate, approval by the entire Audit Committee. The Audit Committee would again consider whether such services and fees are consistent with maintaining the principal accountant’s independence.
The Registrant’s Audit Committee is informed at least annually of all audit and non-audit services provided by the principal accountant to the Vanguard complex, whether such services are provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., or other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant.
(2) No percentage of the principal accountant’s fees or services were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) For the most recent fiscal year, over 50% of the hours worked under the principal accountant’s engagement were not performed by persons other than full-time, permanent employees of the principal accountant.
(g) Aggregate Non-Audit Fees.
Fiscal Year Ended October 31, 2022: $5,500,689
Fiscal Year Ended October 31, 2021: $2,327,574
Includes fees billed for non-audit services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(h) For the most recent fiscal year, the Audit Committee has determined that the provision of all non-audit services was consistent with maintaining the principal accountant’s independence.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in rule 10A-3 under the Securities Exchange Act of 1934 (“Exchange Act”). The Registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Registrant’s audit committee members are: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 6: Investments.
Not applicable. The complete schedule of investments is included as part of the report to shareholders filed under Item 1 of this Form.
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: Purchase 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.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in the Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
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.
| | VANGUARD INTERNATIONAL EQUITY INDEX FUNDS |
| | | |
| BY: | /s/ MORTIMER J. BUCKLEY* | |
| | MORTIMER J. BUCKLEY | |
| | CHIEF EXECUTIVE OFFICER | |
Date: December 19, 2022
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.
| | VANGUARD INTERNATIONAL EQUITY INDEX FUNDS |
| | | |
| BY: | /s/ MORTIMER J. BUCKLEY* | |
| | MORTIMER J. BUCKLEY | |
| | CHIEF EXECUTIVE OFFICER | |
Date: December 19, 2022
| | VANGUARD INTERNATIONAL EQUITY INDEX FUNDS |
| | | |
| BY: | /s/ CHRISTINE BUCHANAN* | |
| | CHRISTINE BUCHANAN | |
| | CHIEF FINANCIAL OFFICER | |
Date: December 19, 2022
| * By: | /s/ Anne E. Robinson | |
Anne E. Robinson, pursuant to a Power of Attorney filed on October 11, 2022 (see File Number 333-11763), Incorporated by Reference.
