Vanguard® European Stock Index Fund
Schedule of Investments (unaudited)
As of January 31, 2024
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%) | |||
Austria (0.5%) | |||
Erste Group Bank AG | 631,090 | 27,186 | |
OMV AG | 293,157 | 13,049 | |
Verbund AG | 135,716 | 11,036 | |
ANDRITZ AG | 142,175 | 8,753 | |
1 | BAWAG Group AG | 164,160 | 8,452 |
Wienerberger AG | 217,130 | 7,358 | |
voestalpine AG | 229,810 | 6,837 | |
Raiffeisen Bank International AG | 264,005 | 5,504 | |
2 | Telekom Austria AG | 279,307 | 2,431 |
2 | Mayr Melnhof Karton AG | 17,435 | 2,311 |
2 | CA Immobilien Anlagen AG | 70,292 | 2,308 |
Oesterreichische Post AG | 67,454 | 2,283 | |
Vienna Insurance Group AG Wiener Versicherung Gruppe | 79,287 | 2,241 | |
EVN AG | 73,234 | 2,024 | |
DO & Co. AG | 14,482 | 2,020 | |
UNIQA Insurance Group AG | 226,873 | 1,904 | |
*,2 | IMMOFINANZ AG | 64,207 | 1,524 |
*,2 | Lenzing AG | 39,093 | 1,302 |
Strabag SE | 26,454 | 1,239 | |
2 | AT&S Austria Technologie & Systemtechnik AG | 50,366 | 1,217 |
Schoeller-Bleckmann Oilfield Equipment AG | 21,496 | 1,021 | |
Palfinger AG | 26,903 | 696 | |
Porr AG | 38,632 | 542 | |
2 | Flughafen Wien AG | 9,319 | 505 |
Agrana Beteiligungs AG | 23,831 | 362 | |
* | Eurotelesites AG | 74,043 | 311 |
*,2 | S IMMO AG (XWBO) | 9,861 | 159 |
114,575 | |||
Belgium (1.6%) | |||
Anheuser-Busch InBev SA | 1,780,594 | 110,143 | |
* | Argenx SE | 121,675 | 45,948 |
KBC Group NV | 506,210 | 33,021 | |
UCB SA | 249,337 | 23,454 | |
Ageas SA | 339,893 | 14,606 | |
Groupe Bruxelles Lambert NV | 176,699 | 13,396 | |
* | Syensqo SA | 142,860 | 12,736 |
Warehouses De Pauw CVA | 344,170 | 10,069 | |
Umicore SA | 421,487 | 9,587 | |
Elia Group SA | 77,694 | 9,355 | |
D'ieteren Group | 46,116 | 9,316 | |
Sofina SA | 35,470 | 8,483 | |
Ackermans & van Haaren NV | 45,597 | 7,624 |
Shares | Market Value ($000) | ||
Lotus Bakeries NV | 832 | 7,089 | |
Aedifica SA | 97,487 | 6,353 | |
Cofinimmo SA | 70,288 | 5,108 | |
Colruyt Group NV | 99,587 | 4,550 | |
Solvay SA | 142,828 | 3,906 | |
Euronav NV | 217,269 | 3,825 | |
Melexis NV | 40,805 | 3,496 | |
Bekaert SA | 69,208 | 3,376 | |
KBC Ancora | 70,955 | 3,268 | |
Montea NV | 33,751 | 2,897 | |
Proximus SADP | 285,657 | 2,711 | |
VGP NV | 21,149 | 2,481 | |
Shurgard Self Storage Ltd. (XBRU) | 52,085 | 2,416 | |
Barco NV | 144,049 | 2,393 | |
Fagron | 120,676 | 2,173 | |
Gimv NV | 40,618 | 1,894 | |
Xior Student Housing NV | 61,767 | 1,850 | |
Deme Group NV | 14,100 | 1,770 | |
Retail Estates NV | 24,750 | 1,621 | |
Tessenderlo Group SA | 45,462 | 1,302 | |
Kinepolis Group NV | 29,228 | 1,294 | |
* | Ontex Group NV | 130,997 | 1,035 |
bpost SA | 198,764 | 812 | |
Van de Velde NV | 11,216 | 400 | |
* | AGFA-Gevaert NV | 237,075 | 322 |
Wereldhave Belgium Comm VA | 5,519 | 282 | |
376,362 | |||
Canada (0.0%) | |||
* | International Petroleum Corp. | 25,582 | 282 |
Denmark (5.1%) | |||
Novo Nordisk A/S Class B | 6,438,146 | 735,909 | |
DSV A/S | 357,918 | 64,035 | |
* | Vestas Wind Systems A/S | 2,070,379 | 58,374 |
Novozymes A/S Class B | 732,593 | 37,539 | |
* | Genmab A/S | 134,336 | 37,147 |
Danske Bank A/S | 1,363,754 | 36,619 | |
Coloplast A/S Class B | 255,521 | 29,454 | |
Pandora A/S | 166,087 | 24,268 | |
Carlsberg A/S Class B | 187,550 | 24,132 | |
1 | Orsted A/S | 387,914 | 21,865 |
AP Moller - Maersk A/S Class B | 9,821 | 18,108 | |
Tryg A/S | 717,952 | 15,346 | |
AP Moller - Maersk A/S Class A | 5,766 | 10,455 | |
Ringkjoebing Landbobank A/S | 55,708 | 8,979 | |
* | Demant A/S | 196,014 | 8,879 |
* | Zealand Pharma A/S | 119,320 | 8,151 |
* | NKT A/S | 110,628 | 7,713 |
Jyske Bank A/S (Registered) | 95,458 | 7,312 | |
* | GN Store Nord A/S | 298,564 | 7,041 |
Royal Unibrew A/S | 101,357 | 6,640 | |
* | Ambu A/S Class B | 375,991 | 6,237 |
ISS A/S | 312,461 | 5,912 | |
Sydbank A/S | 116,422 | 5,167 | |
ROCKWOOL A/S Class B | 18,040 | 4,918 | |
FLSmidth & Co. A/S | 115,974 | 4,761 | |
* | ALK-Abello A/S | 269,630 | 4,351 |
Topdanmark A/S | 87,073 | 3,862 |
Shares | Market Value ($000) | ||
Alm Brand A/S | 1,779,874 | 3,231 | |
*,2 | Bavarian Nordic A/S | 127,681 | 2,933 |
Spar Nord Bank A/S | 163,606 | 2,784 | |
*,1 | Netcompany Group A/S | 69,252 | 2,762 |
H Lundbeck A/S | 516,316 | 2,615 | |
D/S Norden A/S | 45,837 | 2,466 | |
Dfds A/S | 67,052 | 2,272 | |
Torm plc Class A | 60,240 | 2,117 | |
Schouw & Co. A/S | 26,017 | 2,080 | |
1 | Scandinavian Tobacco Group A/S | 114,244 | 2,052 |
Chemometec A/S | 32,118 | 1,737 | |
* | NTG Nordic Transport Group A/S | 33,157 | 1,488 |
H Lundbeck A/S Shares A | 124,066 | 547 | |
1,232,258 | |||
Finland (1.7%) | |||
Nordea Bank Abp | 5,654,691 | 69,688 | |
UPM-Kymmene OYJ | 1,094,822 | 39,821 | |
Nokia OYJ | 10,629,141 | 38,427 | |
Sampo OYJ Class A | 917,021 | 38,382 | |
Kone OYJ Class B | 670,005 | 33,166 | |
Neste OYJ | 856,158 | 29,516 | |
Nordea Bank Abp (XHEL) | 1,374,524 | 16,937 | |
Stora Enso OYJ Class R | 1,181,887 | 15,039 | |
Wartsila OYJ Abp | 1,001,044 | 14,767 | |
Elisa OYJ | 293,686 | 13,381 | |
Metso OYJ | 1,317,458 | 13,167 | |
Fortum OYJ | 898,644 | 12,285 | |
Kesko OYJ Class B | 558,053 | 10,899 | |
Orion OYJ Class B | 215,946 | 9,942 | |
Valmet OYJ | 340,250 | 9,630 | |
Huhtamaki OYJ | 190,008 | 7,457 | |
Konecranes OYJ | 147,244 | 6,324 | |
Cargotec OYJ Class B | 90,687 | 5,156 | |
* | Mandatum OYJ | 974,267 | 4,399 |
Kemira OYJ | 231,257 | 4,328 | |
TietoEVRY OYJ (XHEL) | 178,127 | 4,134 | |
Kojamo OYJ | 340,100 | 4,032 | |
Outokumpu OYJ | 741,969 | 3,167 | |
Metsa Board OYJ Class B | 350,282 | 2,821 | |
* | QT Group OYJ | 39,969 | 2,819 |
Nokian Renkaat OYJ | 250,965 | 2,262 | |
Tokmanni Group Corp. | 97,457 | 1,671 | |
1 | Terveystalo OYJ | 155,064 | 1,307 |
Revenio Group OYJ | 46,738 | 1,283 | |
Sanoma OYJ | 152,769 | 1,138 | |
TietoEVRY OYJ | 38,768 | 895 | |
Citycon OYJ | 149,151 | 780 | |
YIT OYJ | 346,487 | 738 | |
* | Finnair OYJ | 18,055,829 | 690 |
Raisio OYJ Class V | 239,697 | 528 | |
F-Secure OYJ | 228,927 | 478 | |
421,454 | |||
France (16.8%) | |||
LVMH Moet Hennessy Louis Vuitton SE | 508,931 | 423,461 | |
TotalEnergies SE | 4,520,255 | 293,254 | |
Sanofi SA | 2,239,295 | 224,255 | |
Schneider Electric SE | 1,097,834 | 215,670 |
Shares | Market Value ($000) | ||
Airbus SE | 1,204,630 | 191,881 | |
L'Oreal SA Loyalty Shares | 347,343 | 166,223 | |
Hermes International SCA | 70,307 | 148,324 | |
BNP Paribas SA | 2,139,616 | 143,748 | |
Air Liquide SA Loyalty Shares | 754,646 | 141,219 | |
Safran SA | 700,870 | 130,859 | |
Vinci SA | 1,019,159 | 128,743 | |
EssilorLuxottica SA | 626,448 | 122,767 | |
AXA SA | 3,656,846 | 122,743 | |
Danone SA | 1,282,771 | 85,463 | |
Capgemini SE | 331,333 | 73,662 | |
Dassault Systemes SE | 1,376,264 | 71,343 | |
Pernod Ricard SA | 416,963 | 68,376 | |
Cie de Saint-Gobain SA | 942,834 | 66,665 | |
L'Oreal SA (XPAR) | 128,513 | 61,500 | |
Kering SA | 147,656 | 60,653 | |
STMicroelectronics NV | 1,339,928 | 58,833 | |
Air Liquide SA (XPAR) | 302,024 | 56,519 | |
Legrand SA | 529,208 | 51,289 | |
Cie Generale des Etablissements Michelin SCA | 1,440,377 | 47,824 | |
Publicis Groupe SA | 470,641 | 47,155 | |
Orange SA | 3,941,541 | 46,873 | |
Veolia Environnement SA | 1,308,617 | 42,640 | |
Societe Generale SA | 1,529,711 | 39,321 | |
Engie SA Loyalty Shares | 2,342,346 | 37,413 | |
Credit Agricole SA | 2,262,492 | 32,410 | |
Edenred SE | 511,774 | 30,567 | |
Thales SA | 200,740 | 29,359 | |
Carrefour SA | 1,105,021 | 18,865 | |
Teleperformance SE | 119,257 | 18,625 | |
Engie SA (XPAR) | 1,148,205 | 18,340 | |
Eiffage SA | 160,328 | 16,775 | |
Bouygues SA | 435,445 | 15,951 | |
Bureau Veritas SA | 588,178 | 15,645 | |
Eurofins Scientific SE | 252,608 | 15,211 | |
* | Unibail-Rodamco-Westfield | 212,206 | 15,195 |
Accor SA | 378,636 | 14,954 | |
Renault SA | 393,597 | 14,823 | |
1 | Euronext NV | 166,842 | 14,675 |
Vivendi SE | 1,274,715 | 14,365 | |
Sartorius Stedim Biotech | 49,164 | 13,247 | |
Rexel SA | 490,610 | 13,067 | |
Arkema SA | 118,439 | 12,890 | |
Getlink SE | 725,941 | 12,509 | |
Bollore SE | 1,793,046 | 11,843 | |
Gecina SA | 105,866 | 11,676 | |
Sodexo SA ACT Loyalty Shares | 103,308 | 11,654 | |
Klepierre SA | 424,269 | 10,985 | |
Gaztransport Et Technigaz SA | 71,371 | 10,006 | |
BioMerieux | 87,861 | 9,456 | |
SCOR SE | 311,489 | 9,292 | |
Alten SA | 59,802 | 9,247 | |
Aeroports de Paris SA | 66,411 | 8,886 | |
Dassault Aviation SA | 46,681 | 8,842 | |
SPIE SA | 261,440 | 8,648 | |
1 | La Francaise des Jeux SAEM | 205,555 | 8,332 |
Ipsen SA | 70,409 | 8,118 | |
1 | Amundi SA | 116,299 | 7,866 |
Shares | Market Value ($000) | ||
Elis SA | 355,736 | 7,822 | |
2 | Alstom SA | 582,972 | 7,352 |
* | SOITEC | 50,719 | 7,330 |
Sopra Steria Group SACA | 29,141 | 6,835 | |
*,1 | Worldline SA | 501,090 | 6,774 |
Technip Energies NV | 277,308 | 5,740 | |
Nexans SA | 62,069 | 5,649 | |
Valeo SE | 424,462 | 5,540 | |
Eurazeo SE Prime DE Fidelite | 64,872 | 5,526 | |
Covivio SA | 110,053 | 5,329 | |
Sodexo SA (XPAR) | 46,159 | 5,207 | |
IPSOS SA | 78,574 | 5,157 | |
1 | Verallia SA | 142,374 | 5,021 |
Wendel SE | 55,246 | 5,009 | |
Rubis SCA | 191,102 | 4,832 | |
* | Vallourec SACA | 336,809 | 4,818 |
* | Ubisoft Entertainment SA | 212,696 | 4,692 |
* | Forvia SE | 269,948 | 4,640 |
Remy Cointreau SA | 45,001 | 4,560 | |
SES SA | 731,502 | 4,488 | |
SEB SA Loyalty Shares | 33,834 | 4,131 | |
1 | Neoen SA | 138,837 | 4,014 |
Societe BIC SA | 49,031 | 3,393 | |
Virbac SACA | 8,716 | 3,145 | |
* | JCDecaux SE | 148,786 | 3,090 |
* | Air France-KLM | 231,249 | 2,948 |
Coface SA | 215,183 | 2,908 | |
1 | ALD SA | 398,613 | 2,657 |
Imerys SA | 79,554 | 2,646 | |
Trigano SA | 16,425 | 2,587 | |
Eurazeo SE (XPAR) | 28,487 | 2,427 | |
*,2 | SES-imagotag SA | 15,878 | 2,358 |
ICADE | 65,908 | 2,231 | |
Sodexo SA (Loyalty Line 2025) | 19,189 | 2,165 | |
Mercialys SA | 182,719 | 2,079 | |
Interparfums SA | 38,999 | 2,063 | |
Carmila SA | 115,402 | 2,051 | |
* | ID Logistics Group SACA | 5,391 | 1,920 |
Metropole Television SA | 135,198 | 1,917 | |
Television Francaise 1 SA | 215,075 | 1,892 | |
* | Engie SA | 112,536 | 1,797 |
ARGAN SA | 19,822 | 1,758 | |
SEB SA (XPAR) | 12,496 | 1,526 | |
Quadient SA | 70,409 | 1,492 | |
Nexity SA | 85,803 | 1,430 | |
Eramet SA | 19,672 | 1,355 | |
Cie Plastic Omnium SE | 110,928 | 1,271 | |
Mersen SA | 34,271 | 1,243 | |
Vicat SACA | 31,825 | 1,238 | |
* | Sodexo Prime De Fidelite 2027 | 10,378 | 1,171 |
PEUGEOT INVEST | 10,713 | 1,156 | |
Cie de L'Odet SE | 685 | 1,112 | |
*,1 | X-Fab Silicon Foundries SE | 112,259 | 1,079 |
Antin Infrastructure Partners SA | 57,885 | 1,064 | |
*,2 | Eutelsat Communications SACA | 279,935 | 1,021 |
Derichebourg SA | 197,251 | 1,018 | |
* | Forvia SE (XPAR) | 55,022 | 956 |
Vetoquinol SA | 8,138 | 937 |
Shares | Market Value ($000) | ||
Beneteau SACA | 76,261 | 914 | |
*,2 | Atos SE | 194,372 | 830 |
*,2 | Valneva SE | 201,863 | 823 |
Altarea SCA | 8,807 | 771 | |
* | CGG SA | 1,482,887 | 711 |
Etablissements Maurel et Prom SA | 115,518 | 685 | |
* | Voltalia SA (Registered) | 79,990 | 684 |
*,1 | Elior Group SA | 236,074 | 682 |
* | Euroapi SA | 99,172 | 663 |
2 | Lagardere SA | 32,498 | 652 |
*,2 | OVH Groupe SAS | 59,906 | 640 |
Fnac Darty SA | 22,091 | 590 | |
Lisi SA | 24,669 | 581 | |
Manitou BF SA | 25,620 | 574 | |
GL Events SACA | 25,678 | 554 | |
Jacquet Metals SACA | 26,881 | 525 | |
* | Eurazeo SE | 6,056 | 516 |
Boiron SA | 11,262 | 487 | |
Equasens | 8,146 | 469 | |
2 | Clariane SE | 151,452 | 383 |
* | Believe SA | 30,059 | 355 |
Bonduelle SCA | 33,016 | 351 | |
*,1 | SMCP SA | 83,507 | 244 |
1 | Maisons du Monde SA | 33,748 | 163 |
*,1 | Aramis Group SAS | 36,824 | 157 |
Lisi SA (XPAR) | 5,131 | 121 | |
*,2 | Casino Guichard Perrachon SA | 51,458 | 34 |
4,042,726 | |||
Germany (11.9%) | |||
SAP SE | 2,256,621 | 390,952 | |
Siemens AG (Registered) | 1,533,490 | 274,531 | |
Allianz SE (Registered) | 817,531 | 218,425 | |
Deutsche Telekom AG (Registered) | 6,962,891 | 170,924 | |
Mercedes-Benz Group AG | 1,767,903 | 119,356 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 280,149 | 119,265 | |
Infineon Technologies AG | 2,681,274 | 97,751 | |
Deutsche Post AG | 1,939,050 | 92,869 | |
BASF SE | 1,830,282 | 87,495 | |
Deutsche Boerse AG | 378,265 | 75,328 | |
Bayerische Motoren Werke AG (XETR) | 635,748 | 66,152 | |
adidas AG | 339,609 | 64,114 | |
Bayer AG (Registered) | 2,022,742 | 62,941 | |
E.ON SE | 4,555,994 | 61,639 | |
RWE AG | 1,465,094 | 54,100 | |
Deutsche Bank AG (Registered) | 4,094,067 | 52,886 | |
Vonovia SE | 1,432,837 | 44,636 | |
Merck KGaA | 266,044 | 43,651 | |
Daimler Truck Holding AG | 1,085,296 | 38,785 | |
1 | Siemens Healthineers AG | 569,886 | 31,715 |
Rheinmetall AG | 89,375 | 31,297 | |
Beiersdorf AG | 205,039 | 30,005 | |
Hannover Rueck SE | 123,616 | 29,633 | |
Symrise AG | 268,086 | 27,659 | |
Heidelberg Materials AG | 286,517 | 26,458 | |
MTU Aero Engines AG | 110,340 | 25,371 | |
Commerzbank AG | 2,135,706 | 24,526 | |
Brenntag SE | 273,253 | 24,158 |
Shares | Market Value ($000) | ||
Fresenius SE & Co. KGaA | 847,717 | 23,798 | |
*,1 | Covestro AG | 391,520 | 20,674 |
Continental AG | 222,801 | 18,201 | |
* | Siemens Energy AG | 1,112,322 | 16,526 |
Fresenius Medical Care AG | 418,621 | 16,180 | |
GEA Group AG | 353,519 | 14,158 | |
Henkel AG & Co. KGaA (XTER) | 206,185 | 14,101 | |
* | LEG Immobilien SE (XETR) | 152,446 | 12,650 |
1 | Scout24 SE | 153,152 | 11,277 |
Nemetschek SE | 111,106 | 10,252 | |
* | Deutsche Lufthansa AG (Registered) | 1,231,964 | 10,244 |
*,1 | Delivery Hero SE | 405,544 | 9,201 |
*,1 | Zalando SE | 447,698 | 8,939 |
Bechtle AG | 168,672 | 8,746 | |
Knorr-Bremse AG | 135,622 | 8,377 | |
Volkswagen AG | 58,700 | 8,287 | |
Puma SE | 204,709 | 8,238 | |
CTS Eventim AG & Co. KGaA | 120,381 | 8,147 | |
AIXTRON SE | 218,706 | 8,140 | |
Carl Zeiss Meditec AG (Bearer) | 75,736 | 7,983 | |
Evonik Industries AG | 424,146 | 7,803 | |
Talanx AG | 109,506 | 7,683 | |
Rational AG | 9,858 | 7,573 | |
HUGO BOSS AG | 116,260 | 7,261 | |
Gerresheimer AG | 71,143 | 7,253 | |
Freenet AG | 245,896 | 6,795 | |
KION Group AG | 147,995 | 6,752 | |
thyssenkrupp AG | 1,013,581 | 6,255 | |
K&S AG (Registered) | 385,975 | 5,414 | |
* | Evotec SE | 322,360 | 4,931 |
HOCHTIEF AG | 44,011 | 4,722 | |
LANXESS AG | 176,868 | 4,722 | |
Aurubis AG | 61,692 | 4,438 | |
* | TAG Immobilien AG | 314,883 | 4,407 |
* | HelloFresh SE | 331,255 | 4,381 |
United Internet AG (Registered) | 167,080 | 4,380 | |
* | Fraport AG Frankfurt Airport Services Worldwide | 74,161 | 4,353 |
2 | Siltronic AG | 42,756 | 4,019 |
*,1 | TeamViewer SE | 275,545 | 3,950 |
Stroeer SE & Co. KGaA | 64,535 | 3,789 | |
Krones AG | 29,892 | 3,704 | |
Stabilus SE | 50,282 | 3,523 | |
1 | DWS Group GmbH & Co. KGaA | 85,350 | 3,490 |
Wacker Chemie AG | 30,862 | 3,346 | |
Jenoptik AG | 106,199 | 3,317 | |
Hensoldt AG | 107,294 | 3,221 | |
* | Encavis AG | 227,917 | 3,173 |
* | Aroundtown SA | 1,409,629 | 3,145 |
Sixt SE (XETR) | 31,193 | 3,040 | |
RTL Group SA | 77,991 | 2,997 | |
*,2 | MorphoSys AG | 70,154 | 2,938 |
*,2 | Nordex SE | 284,043 | 2,898 |
1 | Befesa SA | 81,281 | 2,856 |
Hella GmbH & Co. KGaA | 29,970 | 2,654 | |
Fielmann Group AG | 49,749 | 2,589 | |
Traton SE | 102,267 | 2,498 | |
Deutsche Wohnen SE | 99,730 | 2,422 | |
2 | ProSiebenSat.1 Media SE | 339,698 | 2,390 |
Shares | Market Value ($000) | ||
FUCHS SE | 67,284 | 2,386 | |
CANCOM SE | 73,430 | 2,331 | |
Duerr AG | 99,393 | 2,272 | |
*,1 | Redcare Pharmacy NV | 16,304 | 2,269 |
Atoss Software AG | 8,203 | 2,248 | |
Bilfinger SE | 52,207 | 2,213 | |
Salzgitter AG | 78,140 | 2,179 | |
CompuGroup Medical SE & Co. KGaA | 48,528 | 2,081 | |
Kontron AG | 86,152 | 1,998 | |
* | Grand City Properties SA | 200,788 | 1,949 |
* | flatexDEGIRO AG | 171,835 | 1,879 |
* | Hypoport SE | 8,813 | 1,872 |
1&1 AG | 94,376 | 1,864 | |
* | METRO AG | 264,002 | 1,779 |
*,2 | Nagarro SE | 17,970 | 1,756 |
Suedzucker AG | 119,876 | 1,690 | |
Deutz AG | 269,955 | 1,631 | |
* | Vitesco Technologies Group AG (XETR) | 18,627 | 1,628 |
* | Synlab AG | 150,897 | 1,622 |
1,2 | Deutsche Pfandbriefbank AG | 250,700 | 1,509 |
Eckert & Ziegler Strahlen- und Medizintechnik AG | 29,577 | 1,471 | |
Dermapharm Holding SE | 34,478 | 1,467 | |
Hornbach Holding AG & Co. KGaA | 18,880 | 1,356 | |
Sartorius AG | 4,580 | 1,333 | |
GRENKE AG | 53,699 | 1,300 | |
GFT Technologies SE | 35,017 | 1,238 | |
2 | PNE AG | 84,910 | 1,224 |
Elmos Semiconductor SE | 17,312 | 1,209 | |
KWS Saat SE & Co. KGaA | 21,302 | 1,196 | |
Energiekontor AG | 14,273 | 1,166 | |
* | Ionos SE | 51,174 | 1,082 |
Norma Group SE | 65,009 | 1,057 | |
*,1 | Thyssenkrupp Nucera AG & Co. KGaA | 63,283 | 1,032 |
Takkt AG | 70,508 | 1,030 | |
Indus Holding AG | 42,189 | 1,017 | |
BayWa AG | 30,533 | 981 | |
* | CECONOMY AG | 391,940 | 952 |
Wacker Neuson SE | 49,485 | 917 | |
Deutsche Beteiligungs AG | 30,425 | 915 | |
Kloeckner & Co. SE | 126,176 | 913 | |
* | SMA Solar Technology AG | 17,742 | 910 |
2 | Verbio Vereinigte Bioenergie AG | 41,154 | 900 |
*,2 | Hamburger Hafen und Logistik AG | 49,306 | 880 |
* | Varta AG | 44,745 | 841 |
Vossloh AG | 18,514 | 821 | |
* | Adtran Networks SE | 37,575 | 812 |
*,1,2 | Auto1 Group SE | 186,278 | 775 |
PATRIZIA SE | 88,965 | 759 | |
Adesso SE | 7,496 | 752 | |
STRATEC SE | 15,045 | 687 | |
*,2 | SGL Carbon SE | 102,731 | 650 |
Software AG | 15,157 | 633 | |
Wuestenrot & Wuerttembergische AG | 39,063 | 566 | |
Secunet Security Networks AG | 3,101 | 555 | |
Deutsche EuroShop AG | 25,499 | 549 | |
CropEnergies AG | 43,635 | 543 | |
Bertrandt AG | 10,031 | 537 | |
Telefonica Deutschland Holding AG | 184,706 | 468 |
Shares | Market Value ($000) | ||
*,2 | About You Holding SE | 104,223 | 459 |
New Work SE | 5,928 | 394 | |
ElringKlinger AG | 64,810 | 357 | |
Basler AG | 24,731 | 259 | |
Draegerwerk AG & Co. KGaA (XETR) | 5,293 | 240 | |
2 | BRANICKS Group AG | 91,026 | 209 |
2 | Hamburger Hafen und Logistik AG (XETR) | 2,594 | 47 |
2,872,438 | |||
Ireland (0.4%) | |||
Kerry Group plc Class A | 317,465 | 28,297 | |
Kingspan Group plc | 310,456 | 25,214 | |
Bank of Ireland Group plc | 2,182,838 | 20,074 | |
AIB Group plc | 2,856,690 | 12,548 | |
Glanbia plc (XDUB) | 365,644 | 6,548 | |
Dalata Hotel Group plc | 453,954 | 2,356 | |
*,3 | Irish Bank Resolution Corp. Ltd. | 2,503,596 | — |
95,037 | |||
Italy (4.3%) | |||
Enel SpA | 15,978,774 | 109,029 | |
UniCredit SpA | 3,560,072 | 104,282 | |
Intesa Sanpaolo SpA | 31,935,310 | 98,402 | |
Ferrari NV | 243,363 | 84,870 | |
Eni SpA | 4,406,558 | 70,246 | |
Stellantis NV | 2,705,163 | 59,586 | |
Assicurazioni Generali SpA | 2,557,089 | 57,041 | |
Stellantis NV (XNYS) | 1,684,979 | 37,126 | |
Moncler SpA | 420,463 | 25,865 | |
Prysmian SpA | 562,060 | 24,736 | |
Terna - Rete Elettrica Nazionale | 2,893,227 | 24,396 | |
Snam SpA | 4,685,706 | 22,885 | |
FinecoBank Banca Fineco SpA | 1,253,180 | 18,069 | |
Mediobanca Banca di Credito Finanziario SpA | 1,327,067 | 17,576 | |
Tenaris SA | 959,648 | 15,157 | |
Banco BPM SpA | 2,807,473 | 15,147 | |
Leonardo SpA | 819,504 | 14,304 | |
*,1 | Nexi SpA | 1,701,826 | 13,054 |
Recordati Industria Chimica e Farmaceutica SpA | 200,460 | 11,064 | |
Davide Campari-Milano NV | 1,085,273 | 10,995 | |
1 | Poste Italiane SpA | 932,469 | 10,111 |
1 | Infrastrutture Wireless Italiane SpA | 725,531 | 8,773 |
Amplifon SpA | 263,648 | 8,605 | |
Interpump Group SpA | 163,082 | 8,061 | |
BPER Banca | 2,170,281 | 7,828 | |
*,2 | Telecom Italia SpA (MTAA) | 25,809,855 | 7,772 |
Brunello Cucinelli SpA | 69,584 | 6,898 | |
Reply SpA | 46,641 | 6,395 | |
A2A SpA | 3,173,739 | 6,292 | |
Azimut Holding SpA | 217,781 | 6,071 | |
Buzzi SpA | 175,756 | 5,974 | |
Italgas SpA | 1,002,193 | 5,714 | |
Banca Popolare di Sondrio SpA | 746,919 | 5,675 | |
Hera SpA | 1,597,676 | 5,628 | |
1 | Pirelli & C SpA | 1,012,584 | 5,488 |
Unipol Gruppo SpA | 870,722 | 5,407 | |
* | Banca Monte dei Paschi di Siena SpA | 1,520,519 | 5,337 |
Banca Mediolanum SpA | 500,041 | 5,117 | |
De' Longhi SpA | 141,225 | 4,574 |
Shares | Market Value ($000) | ||
* | Iveco Group NV | 407,357 | 4,347 |
Banca Generali SpA | 110,422 | 4,210 | |
DiaSorin SpA | 43,287 | 3,981 | |
1 | BFF Bank SpA | 359,935 | 3,890 |
ERG SpA | 112,855 | 3,309 | |
Brembo SpA | 263,529 | 3,246 | |
* | Saipem SpA | 2,166,931 | 3,108 |
1 | Technogym SpA | 278,302 | 2,756 |
Iren SpA | 1,312,360 | 2,754 | |
1 | Carel Industries SpA | 99,694 | 2,414 |
UnipolSai Assicurazioni SpA | 871,402 | 2,306 | |
Saras SpA | 1,288,447 | 2,181 | |
SOL SpA | 75,020 | 2,159 | |
Tamburi Investment Partners SpA | 207,398 | 2,025 | |
Sesa SpA | 14,863 | 2,017 | |
1 | Anima Holding SpA | 442,714 | 1,998 |
1 | Enav SpA | 535,769 | 1,983 |
Salvatore Ferragamo SpA | 133,770 | 1,706 | |
Maire Tecnimont SpA | 319,931 | 1,663 | |
* | Lottomatica Group SpA | 137,806 | 1,599 |
ACEA SpA | 91,665 | 1,447 | |
Credito Emiliano SpA | 158,952 | 1,445 | |
Ariston Holding NV | 207,366 | 1,361 | |
Webuild SpA (MTAA) | 624,007 | 1,313 | |
Sanlorenzo SpA | 27,224 | 1,299 | |
Piaggio & C SpA | 360,455 | 1,198 | |
Gruppo MutuiOnline SpA | 33,760 | 1,165 | |
Salcef Group SpA | 45,427 | 1,155 | |
1 | RAI Way SpA | 197,780 | 1,081 |
Cementir Holding NV | 96,642 | 1,036 | |
El.En. SpA | 103,881 | 1,025 | |
MFE-MediaForEurope NV Class A | 372,350 | 949 | |
*,1 | GVS SpA | 146,092 | 932 |
Italmobiliare SpA | 28,560 | 851 | |
Banca IFIS SpA | 48,132 | 833 | |
Danieli & C Officine Meccaniche SpA (MTAA) | 23,105 | 784 | |
Tinexta SpA | 36,381 | 769 | |
Arnoldo Mondadori Editore SpA | 275,792 | 707 | |
* | Tod's SpA | 16,683 | 612 |
MARR SpA | 48,294 | 587 | |
Zignago Vetro SpA | 39,960 | 584 | |
*,2 | Fincantieri SpA | 998,849 | 529 |
*,2 | Juventus Football Club SpA | 201,917 | 490 |
Biesse SpA | 29,449 | 387 | |
Alerion Cleanpower SpA | 12,215 | 338 | |
MFE-MediaForEurope NV Class B | 92,308 | 333 | |
1,2 | doValue SpA | 105,372 | 279 |
Datalogic SpA | 35,409 | 231 | |
Rizzoli Corriere Della Sera Mediagroup SpA | 257,486 | 210 | |
1,037,132 | |||
Netherlands (7.1%) | |||
ASML Holding NV | 811,321 | 703,893 | |
ING Groep NV | 7,417,130 | 105,386 | |
Prosus NV | 3,115,811 | 92,156 | |
*,1 | Adyen NV | 60,583 | 75,982 |
Wolters Kluwer NV | 504,990 | 74,444 | |
Heineken NV | 575,897 | 57,933 | |
Koninklijke Ahold Delhaize NV | 1,997,056 | 56,164 |
Shares | Market Value ($000) | ||
ASM International NV | 96,097 | 53,260 | |
Universal Music Group NV | 1,541,864 | 45,451 | |
DSM-Firmenich AG | 356,442 | 37,687 | |
Koninklijke Philips NV | 1,608,963 | 34,038 | |
ArcelorMittal SA | 1,022,826 | 28,169 | |
Akzo Nobel NV | 350,086 | 26,891 | |
NN Group NV | 572,206 | 23,454 | |
BE Semiconductor Industries NV | 155,625 | 23,387 | |
Koninklijke KPN NV | 6,808,595 | 23,161 | |
Heineken Holding NV | 268,963 | 22,568 | |
Aegon Ltd. | 3,484,165 | 20,555 | |
EXOR NV | 206,828 | 20,011 | |
* | Qiagen NV | 444,602 | 19,290 |
IMCD NV | 117,292 | 17,903 | |
ASR Nederland NV | 300,257 | 14,150 | |
Randstad NV | 225,514 | 12,823 | |
1 | ABN AMRO Bank NV | 785,048 | 11,554 |
Arcadis NV | 147,453 | 8,095 | |
Aalberts NV | 197,557 | 7,856 | |
1 | Signify NV | 256,835 | 7,701 |
* | InPost SA | 419,625 | 6,303 |
JDE Peet's NV | 246,602 | 6,087 | |
*,1 | Just Eat Takeaway.com NV | 399,358 | 6,030 |
OCI NV | 198,015 | 5,656 | |
Allfunds Group plc | 692,151 | 4,962 | |
* | Fugro NV | 227,511 | 4,200 |
Koninklijke Vopak NV | 133,145 | 4,159 | |
SBM Offshore NV | 325,539 | 4,144 | |
*,2 | Galapagos NV | 99,538 | 3,734 |
1 | CTP NV | 210,843 | 3,598 |
TKH Group NV | 83,585 | 3,366 | |
*,1,2 | Basic-Fit NV | 105,944 | 3,068 |
*,1,2 | Alfen NV | 44,267 | 2,677 |
APERAM SA | 86,448 | 2,664 | |
Van Lanschot Kempen NV | 79,571 | 2,396 | |
Corbion NV | 120,857 | 2,340 | |
Eurocommercial Properties NV | 87,414 | 1,958 | |
Koninklijke BAM Groep NV | 546,063 | 1,508 | |
AMG Critical Materials NV | 64,738 | 1,374 | |
Wereldhave NV | 81,847 | 1,226 | |
Sligro Food Group NV | 68,817 | 1,069 | |
PostNL NV | 695,056 | 1,013 | |
Flow Traders Ltd. | 55,811 | 1,001 | |
* | TomTom NV | 143,215 | 970 |
NSI NV | 37,750 | 807 | |
Vastned Retail NV | 35,638 | 787 | |
Brunel International NV | 44,248 | 492 | |
1 | B&S Group Sarl | 44,036 | 178 |
*,2 | Ebusco Holding NV | 11,113 | 48 |
1,701,777 | |||
Norway (1.3%) | |||
Equinor ASA | 1,828,290 | 52,320 | |
DNB Bank ASA | 2,077,035 | 40,377 | |
Aker BP ASA | 629,766 | 16,715 | |
Mowi ASA | 910,226 | 16,384 | |
Norsk Hydro ASA | 2,729,981 | 15,999 | |
Telenor ASA | 1,287,461 | 14,264 | |
Orkla ASA | 1,571,892 | 12,313 |
Shares | Market Value ($000) | ||
Yara International ASA | 333,225 | 11,014 | |
Kongsberg Gruppen ASA | 152,905 | 7,793 | |
Storebrand ASA | 848,992 | 7,633 | |
Salmar ASA | 129,332 | 7,179 | |
Subsea 7 SA | 484,315 | 6,528 | |
* | Adevinta ASA | 566,494 | 6,062 |
Bakkafrost P/F | 104,236 | 5,821 | |
Schibsted ASA Class B | 201,681 | 5,778 | |
Gjensidige Forsikring ASA | 346,674 | 5,576 | |
TOMRA Systems ASA | 479,573 | 4,817 | |
Schibsted ASA Class A | 153,826 | 4,719 | |
SpareBank 1 SR-Bank ASA | 369,370 | 4,479 | |
SpareBank 1 SMN | 299,538 | 4,078 | |
* | Nordic Semiconductor ASA | 383,758 | 3,853 |
Hafnia Ltd. | 499,596 | 3,633 | |
Borregaard ASA | 204,380 | 3,476 | |
Var Energi ASA | 1,146,856 | 3,327 | |
Aker ASA Class A | 49,964 | 2,969 | |
2 | Borr Drilling Ltd. | 443,127 | 2,745 |
*,1 | AutoStore Holdings Ltd. | 1,468,525 | 2,681 |
TGS ASA | 271,440 | 2,643 | |
Protector Forsikring ASA | 138,348 | 2,479 | |
1 | Europris ASA | 328,259 | 2,460 |
Atea ASA | 172,708 | 2,302 | |
Leroy Seafood Group ASA | 571,571 | 2,296 | |
1 | BW LPG Ltd. | 172,911 | 2,128 |
Wallenius Wilhelmsen ASA | 208,163 | 2,024 | |
Aker Solutions ASA | 534,387 | 1,982 | |
Hoegh Autoliners ASA | 185,880 | 1,867 | |
FLEX LNG Ltd. | 60,610 | 1,805 | |
1 | Scatec ASA | 242,575 | 1,804 |
Veidekke ASA | 194,007 | 1,770 | |
* | NEL ASA | 3,467,664 | 1,731 |
Stolt-Nielsen Ltd. | 44,490 | 1,663 | |
DNO ASA | 1,775,754 | 1,556 | |
1 | Entra ASA | 142,006 | 1,550 |
*,1,2 | Crayon Group Holding ASA | 165,364 | 1,390 |
Austevoll Seafood ASA | 175,455 | 1,272 | |
1 | Elkem ASA | 570,977 | 1,185 |
MPC Container Ships ASA | 762,386 | 1,146 | |
Wilh Wilhelmsen Holding ASA Class A | 26,525 | 926 | |
Sparebank 1 Oestlandet | 71,718 | 834 | |
Grieg Seafood ASA | 119,956 | 753 | |
* | Aker Carbon Capture ASA | 720,659 | 711 |
Hexagon Composites ASA | 255,344 | 571 | |
Bonheur ASA | 25,802 | 531 | |
BW Offshore Ltd. | 185,747 | 425 | |
* | BW Energy Ltd. | 159,375 | 418 |
* | Aker Horizons ASA | 110,570 | 46 |
314,801 | |||
Poland (0.6%) | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 1,754,576 | 22,262 | |
ORLEN SA | 1,184,398 | 18,468 | |
Powszechny Zaklad Ubezpieczen SA | 1,155,649 | 13,914 | |
Bank Polska Kasa Opieki SA | 321,591 | 12,370 | |
*,1 | Dino Polska SA | 98,730 | 10,656 |
LPP SA | 2,266 | 8,807 | |
Santander Bank Polska SA | 68,845 | 8,338 |
Shares | Market Value ($000) | ||
KGHM Polska Miedz SA | 280,298 | 7,809 | |
*,1 | Allegro.eu SA | 1,015,180 | 7,664 |
KRUK SA | 36,030 | 4,079 | |
* | PGE Polska Grupa Energetyczna SA | 1,822,563 | 3,838 |
* | Alior Bank SA | 188,748 | 3,550 |
CD Projekt SA | 134,528 | 3,512 | |
* | mBank SA | 26,197 | 3,482 |
Grupa Kety SA | 19,754 | 3,360 | |
Orange Polska SA | 1,349,698 | 2,883 | |
* | Bank Millennium SA | 1,230,855 | 2,577 |
Asseco Poland SA | 106,834 | 1,946 | |
* | Tauron Polska Energia SA | 1,913,191 | 1,749 |
Bank Handlowy w Warszawie SA | 66,663 | 1,720 | |
* | Pepco Group NV | 301,700 | 1,652 |
* | CCC SA | 94,763 | 1,377 |
* | Enea SA | 510,927 | 1,215 |
*,2 | Jastrzebska Spolka Weglowa SA | 107,661 | 1,160 |
* | AmRest Holdings SE | 158,064 | 1,039 |
*,2 | Cyfrowy Polsat SA | 283,697 | 768 |
Warsaw Stock Exchange | 56,564 | 619 | |
*,2 | Grupa Azoty SA | 98,572 | 588 |
151,402 | |||
Portugal (0.3%) | |||
EDP - Energias de Portugal SA | 6,194,737 | 27,631 | |
Galp Energia SGPS SA | 1,026,551 | 16,160 | |
Jeronimo Martins SGPS SA | 564,363 | 12,836 | |
EDP Renovaveis SA | 603,732 | 9,776 | |
* | Banco Comercial Portugues SA Class R | 17,708,104 | 5,151 |
Navigator Co. SA | 515,057 | 2,122 | |
REN - Redes Energeticas Nacionais SGPS SA | 799,525 | 1,964 | |
Sonae SGPS SA | 1,853,436 | 1,792 | |
NOS SGPS SA | 374,738 | 1,327 | |
*,2 | Greenvolt-Energias Renovaveis SA | 136,142 | 1,187 |
CTT-Correios de Portugal SA | 192,544 | 764 | |
Altri SGPS SA | 155,733 | 759 | |
Corticeira Amorim SGPS SA | 71,056 | 726 | |
Semapa-Sociedade de Investimento e Gestao | 31,069 | 481 | |
Mota-Engil SGPS SA | 75,689 | 434 | |
83,110 | |||
Spain (4.0%) | |||
Iberdrola SA (XMAD) | 12,237,128 | 147,347 | |
Banco Santander SA | 32,951,625 | 132,434 | |
Banco Bilbao Vizcaya Argentaria SA | 12,301,246 | 115,133 | |
Industria de Diseno Textil SA | 2,159,393 | 92,330 | |
Amadeus IT Group SA | 926,152 | 64,905 | |
1 | Cellnex Telecom SA | 1,152,378 | 44,340 |
Telefonica SA | 10,322,933 | 42,002 | |
Ferrovial SE | 1,062,761 | 40,529 | |
Repsol SA | 2,643,647 | 39,042 | |
CaixaBank SA | 7,783,230 | 33,188 | |
1 | Aena SME SA | 144,761 | 25,609 |
ACS Actividades de Construccion y Servicios SA | 489,517 | 19,317 | |
Redeia Corp. SA | 888,019 | 14,777 | |
Banco de Sabadell SA | 10,763,577 | 13,970 | |
Endesa SA | 653,272 | 12,943 | |
Bankinter SA | 1,402,487 | 8,659 | |
Enagas SA | 509,195 | 8,290 |
Shares | Market Value ($000) | ||
Naturgy Energy Group SA | 280,762 | 7,560 | |
* | Grifols SA | 687,505 | 7,489 |
Merlin Properties Socimi SA | 690,631 | 7,033 | |
Acciona SA | 46,936 | 6,071 | |
Fluidra SA | 278,142 | 6,021 | |
Vidrala SA (XMAD) | 47,189 | 4,730 | |
Viscofan SA | 78,987 | 4,624 | |
Indra Sistemas SA | 255,439 | 4,535 | |
Mapfre SA | 2,011,016 | 4,428 | |
Acerinox SA | 399,627 | 4,219 | |
Inmobiliaria Colonial Socimi SA | 659,141 | 3,963 | |
Cia de Distribucion Integral Logista Holdings SA | 127,139 | 3,596 | |
Applus Services SA | 266,345 | 3,219 | |
1 | Unicaja Banco SA | 3,201,050 | 3,061 |
Corp. ACCIONA Energias Renovables SA | 117,132 | 3,044 | |
Laboratorios Farmaceuticos Rovi SA | 43,187 | 2,979 | |
* | Iberdrola SA | 211,553 | 2,555 |
* | Solaria Energia y Medio Ambiente SA | 165,130 | 2,438 |
CIE Automotive SA | 87,822 | 2,317 | |
Sacyr SA (XMAD) | 661,494 | 2,181 | |
Faes Farma SA | 644,239 | 2,117 | |
Construcciones y Auxiliar de Ferrocarriles SA | 52,140 | 1,874 | |
Ebro Foods SA | 107,596 | 1,788 | |
Almirall SA | 168,989 | 1,603 | |
* | Melia Hotels International SA | 222,518 | 1,506 |
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 1,423,834 | 1,488 | |
Pharma Mar SA | 28,201 | 1,177 | |
Fomento de Construcciones y Contratas SA | 82,922 | 1,137 | |
1 | Gestamp Automocion SA | 316,369 | 1,049 |
1 | Global Dominion Access SA | 231,389 | 894 |
Prosegur Cia de Seguridad SA | 449,141 | 850 | |
Ence Energia y Celulosa SA | 264,868 | 837 | |
Lar Espana Real Estate Socimi SA | 119,999 | 805 | |
* | Tecnicas Reunidas SA | 95,248 | 800 |
Atresmedia Corp. de Medios de Comunicacion SA | 181,320 | 729 | |
1 | Neinor Homes SA | 54,956 | 620 |
1 | Prosegur Cash SA | 801,745 | 436 |
* | Distribuidora Internacional de Alimentacion SA | 27,678,993 | 359 |
*,2 | NH Hotel Group SA | 51,716 | 238 |
* | Sacyr SA | 13,275 | 44 |
961,229 | |||
Sweden (5.4%) | |||
Atlas Copco AB Class A | 5,164,812 | 82,427 | |
Investor AB Class B | 3,407,641 | 80,232 | |
Volvo AB Class B | 3,033,958 | 72,710 | |
Assa Abloy AB Class B | 2,000,046 | 54,853 | |
Hexagon AB Class B | 4,349,450 | 47,468 | |
Skandinaviska Enskilda Banken AB Class A | 3,318,394 | 47,128 | |
Sandvik AB | 2,212,347 | 46,494 | |
1 | Evolution AB | 377,839 | 44,118 |
Atlas Copco AB Class B | 3,146,706 | 43,575 | |
Swedbank AB Class A | 2,072,127 | 42,226 | |
Telefonaktiebolaget LM Ericsson Class B | 6,006,816 | 33,299 | |
Svenska Handelsbanken AB Class A | 3,049,035 | 32,870 | |
Essity AB Class B | 1,255,266 | 29,478 | |
Alfa Laval AB | 636,180 | 23,343 | |
EQT AB | 860,830 | 23,115 | |
Epiroc AB Class A | 1,287,806 | 22,754 |
Shares | Market Value ($000) | ||
Investor AB Class A (XSTO) | 883,080 | 20,595 | |
Nibe Industrier AB Class B | 2,991,617 | 17,875 | |
H & M Hennes & Mauritz AB Class B | 1,238,228 | 17,470 | |
Svenska Cellulosa AB SCA Class B | 1,218,955 | 16,595 | |
SKF AB Class B | 794,440 | 15,655 | |
Boliden AB | 561,112 | 14,893 | |
Trelleborg AB Class B | 447,151 | 13,610 | |
Indutrade AB | 549,643 | 13,353 | |
Telia Co. AB | 5,074,741 | 13,089 | |
Skanska AB Class B | 732,261 | 12,697 | |
Saab AB Class B | 188,389 | 12,131 | |
Volvo AB Class A | 491,749 | 12,090 | |
Epiroc AB Class B | 767,560 | 11,968 | |
* | Swedish Orphan Biovitrum AB | 413,553 | 11,608 |
* | Castellum AB | 878,181 | 11,306 |
Lifco AB Class B | 464,578 | 11,209 | |
Beijer Ref AB | 800,304 | 10,896 | |
SSAB AB Class B | 1,405,333 | 10,735 | |
Getinge AB Class B | 457,663 | 9,783 | |
Industrivarden AB Class C | 308,446 | 9,694 | |
Securitas AB Class B | 993,531 | 9,651 | |
Tele2 AB Class B | 1,131,822 | 9,650 | |
AddTech AB Class B | 459,333 | 9,476 | |
Sagax AB Class B | 364,553 | 8,859 | |
* | Fastighets AB Balder Class B | 1,280,498 | 8,499 |
Industrivarden AB Class A | 257,803 | 8,116 | |
AAK AB | 359,470 | 8,102 | |
L E Lundbergforetagen AB Class B | 152,532 | 7,953 | |
Investment AB Latour Class B | 293,632 | 7,385 | |
Holmen AB Class B | 164,345 | 6,477 | |
Hexpol AB | 513,275 | 5,875 | |
Sectra AB Class B | 306,692 | 5,713 | |
Axfood AB | 221,636 | 5,600 | |
Fortnox AB | 1,015,042 | 5,596 | |
Nordnet AB publ | 353,748 | 5,566 | |
Husqvarna AB Class B | 708,718 | 5,513 | |
* | Kinnevik AB Class B | 498,440 | 5,355 |
Elekta AB Class B | 706,788 | 5,333 | |
1 | Dometic Group AB | 658,814 | 5,243 |
Lagercrantz Group AB Class B | 400,769 | 5,240 | |
Avanza Bank Holding AB | 254,968 | 5,122 | |
1 | Thule Group AB | 200,113 | 5,092 |
Sweco AB Class B | 415,469 | 4,870 | |
Wihlborgs Fastigheter AB | 542,754 | 4,852 | |
Fabege AB | 514,035 | 4,814 | |
Hemnet Group AB | 165,603 | 4,471 | |
1 | Munters Group AB | 268,836 | 4,291 |
* | Electrolux AB Class B | 439,842 | 4,114 |
Loomis AB | 145,644 | 3,987 | |
Mycronic AB | 139,790 | 3,888 | |
*,1 | Sinch AB | 1,265,355 | 3,886 |
Billerud Aktiebolag | 434,942 | 3,868 | |
Vitec Software Group AB Class B | 69,280 | 3,848 | |
* | Embracer Group AB | 1,827,064 | 3,487 |
SSAB AB Class A | 446,178 | 3,471 | |
* | Volvo Car AB Class B | 1,310,539 | 3,417 |
Wallenstam AB Class B | 678,238 | 3,405 | |
Nyfosa AB | 372,702 | 3,334 |
Shares | Market Value ($000) | ||
Bure Equity AB | 112,033 | 3,200 | |
1 | Bravida Holding AB | 416,217 | 3,156 |
Catena AB | 67,255 | 2,868 | |
Hufvudstaden AB Class A | 218,953 | 2,831 | |
AFRY AB | 198,681 | 2,744 | |
Lindab International AB | 142,174 | 2,700 | |
Betsson AB Class B | 241,696 | 2,630 | |
Alleima AB | 387,110 | 2,570 | |
HMS Networks AB | 57,381 | 2,524 | |
Pandox AB | 179,797 | 2,465 | |
Electrolux Professional AB Class B | 463,639 | 2,463 | |
AddLife AB Class B | 221,184 | 2,384 | |
AddNode Group AB | 257,766 | 2,309 | |
Vitrolife AB | 135,313 | 2,228 | |
Bufab AB | 61,563 | 2,180 | |
Granges AB | 219,363 | 2,175 | |
NCC AB Class B | 168,639 | 2,154 | |
Medicover AB Class B | 129,864 | 2,142 | |
Arjo AB Class B | 452,763 | 2,119 | |
JM AB | 129,661 | 2,111 | |
* | Camurus AB | 41,365 | 2,051 |
Storskogen Group AB Class B | 2,831,774 | 1,955 | |
Peab AB Class B | 389,875 | 1,925 | |
Instalco AB | 479,502 | 1,917 | |
Atrium Ljungberg AB Class B | 92,900 | 1,856 | |
Bilia AB Class A | 150,269 | 1,817 | |
Mips AB | 54,370 | 1,806 | |
Nolato AB Class B | 360,882 | 1,748 | |
Troax Group AB | 80,074 | 1,740 | |
* | Sdiptech AB Class B | 65,482 | 1,625 |
Beijer Alma AB | 89,241 | 1,572 | |
Biotage AB | 109,526 | 1,557 | |
* | Modern Times Group MTG AB Class B | 195,487 | 1,496 |
*,1 | BioArctic AB | 67,773 | 1,470 |
Dios Fastigheter AB | 188,061 | 1,459 | |
* | OX2 AB | 301,573 | 1,435 |
Corem Property Group AB Class B | 1,402,836 | 1,413 | |
*,1 | Boozt AB | 116,343 | 1,359 |
Ratos AB Class B | 410,340 | 1,353 | |
Cibus Nordic Real Estate AB publ | 112,378 | 1,324 | |
*,1 | Scandic Hotels Group AB | 277,926 | 1,280 |
NCAB Group AB | 197,775 | 1,279 | |
INVISIO AB | 65,594 | 1,273 | |
NP3 Fastigheter AB | 58,073 | 1,144 | |
Skandinaviska Enskilda Banken AB Class C | 76,596 | 1,117 | |
SkiStar AB | 86,202 | 1,083 | |
Clas Ohlson AB Class B | 75,620 | 1,076 | |
*,2 | Truecaller AB Class B | 345,012 | 1,020 |
Systemair AB | 138,551 | 995 | |
2 | Samhallsbyggnadsbolaget i Norden AB | 2,155,244 | 988 |
2 | Svenska Handelsbanken AB Class B | 71,881 | 961 |
* | Stillfront Group AB | 926,204 | 960 |
Platzer Fastigheter Holding AB Class B | 116,428 | 948 | |
2 | Intrum AB | 157,524 | 931 |
Fagerhult Group AB | 143,577 | 914 | |
MEKO AB | 86,889 | 880 | |
*,1 | Attendo AB | 223,141 | 873 |
Cloetta AB Class B | 414,583 | 746 |
Shares | Market Value ($000) | ||
Hexatronic Group AB | 349,825 | 734 | |
Investment AB Oresund | 63,679 | 684 | |
* | Norion Bank AB | 165,924 | 657 |
Sagax AB Class D | 222,835 | 606 | |
Volati AB | 40,524 | 443 | |
1 | Resurs Holding AB | 298,397 | 410 |
2 | Samhallsbyggnadsbolaget i Norden AB Class D | 391,652 | 217 |
Telefonaktiebolaget LM Ericsson Class A | 20,593 | 113 | |
NCC AB Class A | 2,341 | 30 | |
*,2 | Viaplay Group AB | 40,498 | 9 |
Husqvarna AB Class A | 386 | 3 | |
1,311,966 | |||
Switzerland (14.2%) | |||
Nestle SA (Registered) | 5,495,689 | 626,237 | |
Novartis AG (Registered) | 4,257,314 | 440,265 | |
Roche Holding AG | 1,425,316 | 405,811 | |
UBS Group AG (Registered) | 6,198,031 | 185,523 | |
Cie Financiere Richemont SA Class A (Registered) | 1,054,605 | 156,645 | |
Zurich Insurance Group AG | 295,081 | 149,928 | |
ABB Ltd. (Registered) | 3,077,071 | 130,196 | |
Sika AG (Registered) | 299,684 | 82,730 | |
Holcim AG | 1,068,148 | 81,584 | |
Alcon Inc. | 1,012,004 | 76,179 | |
Lonza Group AG (Registered) | 152,606 | 74,610 | |
Givaudan SA (Registered) | 16,365 | 68,054 | |
Swiss Re AG | 593,805 | 67,991 | |
Partners Group Holding AG | 45,335 | 61,165 | |
Swiss Life Holding AG (Registered) | 60,653 | 43,557 | |
Geberit AG (Registered) | 68,346 | 39,342 | |
Kuehne & Nagel International AG (Registered) | 102,447 | 34,717 | |
Straumann Holding AG (Registered) | 219,626 | 33,361 | |
Sonova Holding AG (Registered) | 104,229 | 33,311 | |
Swisscom AG (Registered) | 52,296 | 31,288 | |
* | Sandoz Group AG | 887,418 | 30,434 |
SGS SA (Registered) | 298,376 | 27,572 | |
Chocoladefabriken Lindt & Spruengli AG (Registered) | 217 | 27,507 | |
Logitech International SA (Registered) | 323,853 | 27,150 | |
Chocoladefabriken Lindt & Spruengli AG | 1,968 | 25,011 | |
1 | VAT Group AG | 52,877 | 24,616 |
Julius Baer Group Ltd. | 421,419 | 22,943 | |
Schindler Holding AG (XSWX) | 83,881 | 20,894 | |
Roche Holding AG (Bearer) | 59,580 | 18,048 | |
Swiss Prime Site AG (Registered) | 156,202 | 15,821 | |
Swatch Group AG (Bearer) | 63,283 | 14,856 | |
Baloise Holding AG (Registered) | 92,850 | 14,832 | |
SIG Group AG | 679,358 | 14,220 | |
Adecco Group AG (Registered) | 327,595 | 14,166 | |
Temenos AG (Registered) | 124,266 | 12,647 | |
PSP Swiss Property AG (Registered) | 92,711 | 12,340 | |
Georg Fischer AG (Registered) | 168,885 | 11,303 | |
EMS-Chemie Holding AG (Registered) | 14,540 | 10,976 | |
Barry Callebaut AG (Registered) | 7,336 | 10,715 | |
Helvetia Holding AG (Registered) | 71,644 | 10,347 | |
Tecan Group AG (Registered) | 26,055 | 9,946 | |
Schindler Holding AG (Registered) | 39,078 | 9,302 | |
1 | Galenica AG | 100,384 | 8,852 |
Belimo Holding AG (Registered) | 18,923 | 8,824 | |
Siegfried Holding AG (Registered) | 8,338 | 8,306 |
Shares | Market Value ($000) | ||
* | Avolta AG | 216,106 | 8,256 |
Flughafen Zurich AG (Registered) | 38,885 | 8,023 | |
Banque Cantonale Vaudoise (Registered) | 57,704 | 7,388 | |
Accelleron Industries AG | 191,584 | 6,131 | |
Inficon Holding AG (Registered) | 3,962 | 6,014 | |
Clariant AG (Registered) | 462,515 | 5,921 | |
BKW AG | 37,093 | 5,893 | |
Bucher Industries AG (Registered) | 13,183 | 5,584 | |
Allreal Holding AG (Registered) | 29,664 | 5,276 | |
DKSH Holding AG | 72,606 | 5,081 | |
Comet Holding AG (Registered) | 15,127 | 4,988 | |
Softwareone Holding AG | 247,619 | 4,641 | |
Cembra Money Bank AG | 60,020 | 4,628 | |
Emmi AG (Registered) | 4,365 | 4,573 | |
* | ams-OSRAM AG | 1,914,936 | 4,482 |
Swissquote Group Holding SA (Registered) | 17,797 | 4,467 | |
Bachem Holding AG | 64,564 | 4,322 | |
Mobimo Holding AG (Registered) | 14,624 | 4,320 | |
SFS Group AG | 35,651 | 4,280 | |
Swatch Group AG (Registered) | 87,014 | 3,959 | |
Valiant Holding AG (Registered) | 32,170 | 3,853 | |
Vontobel Holding AG (Registered) | 56,479 | 3,720 | |
Burckhardt Compression Holding AG | 6,424 | 3,594 | |
Landis & Gyr Group AG | 43,439 | 3,562 | |
Stadler Rail AG | 108,279 | 3,456 | |
Sulzer AG (Registered) | 35,107 | 3,391 | |
* | Aryzta AG | 1,878,477 | 3,372 |
Interroll Holding AG (Registered) | 1,129 | 3,298 | |
St Galler Kantonalbank AG (Registered) | 5,696 | 3,296 | |
VZ Holding AG | 27,349 | 3,222 | |
dormakaba Holding AG | 6,209 | 3,110 | |
Kardex Holding AG (Registered) | 12,204 | 3,100 | |
Daetwyler Holding AG | 15,018 | 3,054 | |
Huber and Suhner AG (Registered) | 34,900 | 2,503 | |
Ypsomed Holding AG (Registered) | 7,002 | 2,472 | |
EFG International AG | 186,639 | 2,397 | |
LEM Holding SA (Registered) | 976 | 2,227 | |
Forbo Holding AG (Registered) | 1,892 | 2,225 | |
SKAN Group AG | 22,493 | 1,985 | |
1 | Medacta Group SA | 12,976 | 1,942 |
Komax Holding AG (Registered) | 9,580 | 1,842 | |
*,1 | Sensirion Holding AG | 21,386 | 1,780 |
* | DocMorris AG | 17,580 | 1,640 |
Intershop Holding AG | 2,259 | 1,621 | |
OC Oerlikon Corp. AG (Registered) | 371,812 | 1,620 | |
ALSO Holding AG (Registered) | 5,313 | 1,555 | |
u-blox Holding AG | 13,756 | 1,356 | |
COSMO Pharmaceuticals NV | 17,795 | 1,319 | |
Bystronic AG | 2,621 | 1,313 | |
Bossard Holding AG (Registered) Class A | 5,323 | 1,274 | |
Arbonia AG | 109,949 | 1,273 | |
Vetropack Holding AG (Registered) | 27,088 | 1,178 | |
Implenia AG (Registered) | 33,151 | 1,177 | |
Bell Food Group AG (Registered) | 3,952 | 1,159 | |
* | Autoneum Holding AG | 7,538 | 1,120 |
Zehnder Group AG | 18,697 | 1,114 | |
Schweiter Technologies AG | 1,897 | 1,041 | |
1 | Medmix AG | 49,381 | 986 |
Shares | Market Value ($000) | ||
* | Basilea Pharmaceutica AG (Registered) | 24,749 | 970 |
*,2 | Meyer Burger Technology AG | 7,380,564 | 949 |
PIERER Mobility AG | 17,817 | 941 | |
*,1 | Montana Aerospace AG | 46,039 | 899 |
Leonteq AG | 21,350 | 794 | |
Hiag Immobilien Holding AG | 8,914 | 783 | |
*,1 | Medartis Holding AG | 8,072 | 704 |
Rieter Holding AG (Registered) | 6,486 | 682 | |
Investis Holding SA | 5,528 | 633 | |
*,1 | PolyPeptide Group AG | 31,834 | 584 |
VP Bank AG Class A | 4,892 | 527 | |
APG SGA SA | 2,162 | 474 | |
*,2 | Idorsia Ltd. | 252,174 | 450 |
* | Aryzta AG (XSWX) | 24,200 | 43 |
3,435,929 | |||
United Kingdom (23.5%) | |||
AstraZeneca plc | 3,040,013 | 403,035 | |
Shell plc (XETR) | 12,409,924 | 384,737 | |
HSBC Holdings plc | 40,076,639 | 312,907 | |
Unilever plc (XLON) | 5,156,904 | 250,936 | |
BP plc | 34,317,277 | 200,427 | |
Diageo plc | 4,547,059 | 164,230 | |
GSK plc | 8,276,471 | 163,690 | |
RELX plc | 3,900,042 | 160,971 | |
Rio Tinto plc | 2,240,945 | 155,117 | |
British American Tobacco plc | 4,576,197 | 134,923 | |
Glencore plc | 25,349,955 | 134,126 | |
Reckitt Benckiser Group plc | 1,473,507 | 106,536 | |
London Stock Exchange Group plc | 928,332 | 105,007 | |
CRH plc (SGMX) | 1,451,974 | 103,005 | |
National Grid plc | 7,556,689 | 100,648 | |
Compass Group plc | 3,518,106 | 96,902 | |
BAE Systems plc | 6,271,366 | 93,421 | |
Ferguson plc | 421,930 | 78,895 | |
Experian plc | 1,885,528 | 78,480 | |
* | Flutter Entertainment plc (XLON) | 362,865 | 74,480 |
Lloyds Banking Group plc | 130,529,354 | 69,971 | |
* | Rolls-Royce Holdings plc | 17,223,538 | 65,388 |
3i Group plc | 1,960,250 | 61,366 | |
Anglo American plc | 2,483,323 | 59,197 | |
Ashtead Group plc | 897,744 | 58,705 | |
Prudential plc (XLON) | 5,662,911 | 58,173 | |
Barclays plc | 30,918,387 | 57,456 | |
Tesco plc | 14,539,867 | 52,687 | |
Haleon plc | 11,941,980 | 48,506 | |
SSE plc | 2,243,518 | 47,782 | |
Imperial Brands plc | 1,832,162 | 43,981 | |
Legal & General Group plc | 12,209,609 | 39,271 | |
Vodafone Group plc | 44,964,251 | 38,226 | |
Shell plc | 1,191,185 | 37,282 | |
Standard Chartered plc | 4,519,868 | 34,159 | |
InterContinental Hotels Group plc | 339,351 | 32,155 | |
NatWest Group plc | 11,296,507 | 31,880 | |
Sage Group plc | 2,108,136 | 31,386 | |
Aviva plc | 5,612,226 | 30,635 | |
Bunzl plc | 694,516 | 28,225 | |
Informa plc | 2,857,614 | 28,066 | |
Segro plc | 2,512,948 | 27,909 |
Shares | Market Value ($000) | ||
Rentokil Initial plc | 5,176,555 | 26,658 | |
Next plc | 249,612 | 26,648 | |
Smith & Nephew plc | 1,795,112 | 25,105 | |
Halma plc | 778,815 | 21,557 | |
WPP plc | 2,140,165 | 20,696 | |
Associated British Foods plc | 691,364 | 20,478 | |
Melrose Industries plc (XLON) | 2,746,597 | 20,472 | |
Admiral Group plc | 630,241 | 20,040 | |
Smurfit Kappa Group plc | 534,221 | 19,890 | |
Centrica plc | 11,247,414 | 19,684 | |
Spirax-Sarco Engineering plc | 151,344 | 19,048 | |
United Utilities Group plc | 1,405,811 | 18,935 | |
Intertek Group plc | 332,249 | 18,859 | |
BT Group plc | 12,973,746 | 18,380 | |
Pearson plc | 1,469,931 | 18,033 | |
Whitbread plc | 395,293 | 17,918 | |
Severn Trent plc | 543,164 | 17,854 | |
Croda International plc | 287,535 | 17,403 | |
1 | Auto Trader Group plc | 1,841,647 | 16,943 |
Mondi plc | 904,745 | 16,213 | |
Entain plc | 1,308,565 | 15,939 | |
* | Wise plc Class A | 1,544,526 | 15,754 |
Antofagasta plc | 714,509 | 15,573 | |
DCC plc | 203,671 | 14,807 | |
Smiths Group plc | 715,858 | 14,671 | |
Barratt Developments plc | 2,014,807 | 13,732 | |
Taylor Wimpey plc | 7,204,238 | 13,450 | |
Berkeley Group Holdings plc | 215,019 | 13,020 | |
Intermediate Capital Group plc | 572,775 | 12,913 | |
Land Securities Group plc | 1,512,456 | 12,751 | |
M&G plc | 4,487,396 | 12,688 | |
Marks & Spencer Group plc | 4,035,206 | 12,607 | |
B&M European Value Retail SA | 1,920,430 | 12,586 | |
Weir Group plc | 531,470 | 12,216 | |
J Sainsbury plc | 3,576,589 | 12,211 | |
Burberry Group plc | 734,535 | 12,099 | |
Persimmon plc | 656,512 | 12,092 | |
Coca-Cola HBC AG | 405,207 | 11,912 | |
Rightmove plc | 1,671,749 | 11,831 | |
IMI plc | 530,552 | 11,253 | |
Diploma plc | 267,607 | 11,031 | |
Howden Joinery Group plc | 1,086,557 | 11,003 | |
Kingfisher plc | 3,920,751 | 10,901 | |
1 | ConvaTec Group plc | 3,338,156 | 10,159 |
Spectris plc | 210,354 | 9,793 | |
RS Group plc | 970,533 | 9,617 | |
Phoenix Group Holdings plc | 1,500,704 | 9,581 | |
DS Smith plc | 2,627,323 | 9,368 | |
Beazley plc | 1,357,256 | 9,343 | |
St. James's Place plc | 1,115,994 | 9,187 | |
British Land Co. plc | 1,899,323 | 9,129 | |
UNITE Group plc | 714,211 | 9,125 | |
Hiscox Ltd. | 687,392 | 9,022 | |
Vistry Group plc | 708,167 | 8,958 | |
Schroders plc | 1,720,161 | 8,801 | |
Bellway plc | 249,239 | 8,684 | |
* | Ocado Group plc | 1,241,693 | 8,505 |
Games Workshop Group plc | 67,135 | 8,409 |
Shares | Market Value ($000) | ||
Tritax Big Box REIT plc | 3,932,682 | 8,233 | |
Investec plc | 1,262,595 | 8,220 | |
2 | Abrdn plc | 3,853,446 | 8,198 |
Hikma Pharmaceuticals plc | 331,242 | 8,081 | |
Johnson Matthey plc | 370,778 | 7,622 | |
JD Sports Fashion plc | 5,089,786 | 7,521 | |
Hargreaves Lansdown plc | 775,914 | 7,487 | |
Man Group plc | 2,406,764 | 7,196 | |
Greggs plc | 207,142 | 6,978 | |
Rotork plc | 1,756,481 | 6,924 | |
IG Group Holdings plc | 746,549 | 6,709 | |
Endeavour Mining plc | 374,912 | 6,660 | |
Inchcape plc | 767,505 | 6,609 | |
Tate & Lyle plc | 822,028 | 6,486 | |
* | TUI AG | 913,617 | 6,294 |
Derwent London plc | 227,542 | 6,133 | |
Britvic plc | 527,476 | 5,879 | |
ITV plc | 7,670,749 | 5,810 | |
* | Direct Line Insurance Group plc | 2,684,779 | 5,729 |
Cranswick plc | 110,014 | 5,607 | |
Big Yellow Group plc | 386,877 | 5,594 | |
* | easyJet plc | 765,655 | 5,360 |
Grafton Group plc GDR | 431,199 | 5,299 | |
LondonMetric Property plc | 2,165,274 | 5,291 | |
Computacenter plc | 143,229 | 5,233 | |
Drax Group plc | 795,364 | 5,123 | |
Grainger plc | 1,507,758 | 5,007 | |
Serco Group plc | 2,268,198 | 4,950 | |
* | International Distributions Services plc | 1,384,230 | 4,840 |
QinetiQ Group plc | 1,058,331 | 4,780 | |
Pennon Group plc | 534,833 | 4,762 | |
Balfour Beatty plc | 1,131,488 | 4,758 | |
Shaftesbury Capital plc | 2,784,582 | 4,691 | |
Virgin Money UK plc | 2,359,127 | 4,659 | |
* | SSP Group plc | 1,632,674 | 4,647 |
Softcat plc | 254,228 | 4,640 | |
Harbour Energy plc | 1,308,643 | 4,599 | |
OSB Group plc | 807,366 | 4,594 | |
Safestore Holdings plc | 438,963 | 4,571 | |
* | Carnival plc | 299,394 | 4,498 |
* | Indivior plc | 256,586 | 4,497 |
*,1 | Network International Holdings plc | 914,517 | 4,485 |
Travis Perkins plc | 436,171 | 4,351 | |
* | International Consolidated Airlines Group SA | 2,278,765 | 4,254 |
Redrow plc | 552,477 | 4,197 | |
LXI REIT plc | 3,063,273 | 4,085 | |
Hays plc | 3,256,373 | 4,052 | |
*,1 | Trainline plc | 950,720 | 3,978 |
Paragon Banking Group plc | 444,004 | 3,955 | |
4imprint Group plc | 57,098 | 3,915 | |
WH Smith plc | 255,073 | 3,898 | |
Genus plc | 134,170 | 3,897 | |
Hill & Smith plc | 164,370 | 3,891 | |
TP ICAP Group plc | 1,622,684 | 3,845 | |
Lancashire Holdings Ltd. | 496,345 | 3,814 | |
TBC Bank Group plc | 103,415 | 3,814 | |
1 | Quilter plc | 2,798,981 | 3,717 |
Pagegroup plc | 636,874 | 3,700 |
Shares | Market Value ($000) | ||
Domino's Pizza Group plc | 826,632 | 3,651 | |
* | Darktrace plc | 832,725 | 3,611 |
Plus500 Ltd. | 159,158 | 3,600 | |
Mitie Group plc | 2,757,878 | 3,593 | |
* | IWG plc | 1,501,805 | 3,559 |
Bank of Georgia Group plc | 73,485 | 3,525 | |
* | Playtech plc | 626,614 | 3,516 |
Pets at Home Group plc | 986,074 | 3,492 | |
*,1 | Deliveroo plc | 2,351,442 | 3,491 |
Savills plc | 272,178 | 3,477 | |
* | Ascential plc | 899,867 | 3,466 |
Moneysupermarket.com Group plc | 1,072,256 | 3,460 | |
Bytes Technology Group plc (XLON) | 415,811 | 3,452 | |
Assura plc | 6,071,117 | 3,416 | |
Primary Health Properties plc | 2,749,283 | 3,373 | |
Energean plc | 280,675 | 3,372 | |
Dunelm Group plc | 234,693 | 3,233 | |
1 | Airtel Africa plc | 2,234,351 | 3,173 |
Dowlais Group plc | 2,772,635 | 3,167 | |
Bodycote plc | 388,030 | 3,129 | |
Oxford Instruments plc | 110,214 | 3,081 | |
1 | JTC plc | 305,914 | 3,075 |
Victrex plc | 177,787 | 3,061 | |
Renishaw plc | 69,093 | 3,056 | |
Babcock International Group plc | 515,282 | 2,945 | |
Coats Group plc | 3,218,611 | 2,924 | |
Centamin plc | 2,350,621 | 2,864 | |
Firstgroup plc | 1,351,613 | 2,846 | |
Sirius Real Estate Ltd. | 2,416,879 | 2,776 | |
Kainos Group plc | 191,075 | 2,773 | |
* | John Wood Group plc | 1,381,384 | 2,739 |
Hammerson plc | 7,892,042 | 2,693 | |
Supermarket Income REIT plc | 2,581,206 | 2,644 | |
Genuit Group plc | 488,703 | 2,614 | |
Vesuvius plc | 434,052 | 2,613 | |
* | Frasers Group plc | 255,057 | 2,610 |
Telecom Plus plc | 141,164 | 2,594 | |
Chemring Group plc | 583,712 | 2,594 | |
Rathbones Group plc | 121,651 | 2,545 | |
Fresnillo plc | 375,341 | 2,511 | |
* | Oxford Nanopore Technologies plc | 1,234,840 | 2,506 |
Ashmore Group plc | 934,139 | 2,500 | |
Morgan Sindall Group plc | 87,380 | 2,499 | |
AJ Bell plc | 596,267 | 2,384 | |
Clarkson plc | 52,821 | 2,378 | |
Premier Foods plc | 1,314,005 | 2,356 | |
Great Portland Estates plc | 441,938 | 2,325 | |
Just Group plc | 2,134,394 | 2,300 | |
*,1 | Watches of Switzerland Group plc | 476,667 | 2,245 |
* | Elementis plc | 1,222,847 | 2,192 |
IntegraFin Holdings plc | 586,575 | 2,188 | |
Future plc | 244,005 | 2,187 | |
Volution Group plc | 387,513 | 2,122 | |
Close Brothers Group plc | 306,203 | 2,105 | |
Redde Northgate plc | 465,007 | 2,088 | |
* | J D Wetherspoon plc | 188,453 | 2,003 |
Morgan Advanced Materials plc | 578,359 | 1,981 | |
Workspace Group plc | 292,909 | 1,927 |
Shares | Market Value ($000) | ||
1 | Spire Healthcare Group plc | 588,119 | 1,763 |
Spirent Communications plc | 1,163,206 | 1,735 | |
1 | Bridgepoint Group plc | 508,042 | 1,730 |
Senior plc | 861,960 | 1,726 | |
* | Mitchells & Butlers plc | 523,869 | 1,720 |
* | THG plc | 1,995,304 | 1,664 |
Marshalls plc | 466,368 | 1,655 | |
Rhi Magnesita NV | 38,325 | 1,623 | |
Hilton Food Group plc | 161,901 | 1,606 | |
Keller Group plc | 144,241 | 1,598 | |
C&C Group plc | 816,471 | 1,585 | |
*,1 | Trustpilot Group plc | 696,587 | 1,583 |
* | Helios Towers plc | 1,548,435 | 1,548 |
Ninety One plc | 681,498 | 1,518 | |
1 | Ibstock plc | 764,292 | 1,479 |
*,1 | Aston Martin Lagonda Global Holdings plc | 598,142 | 1,443 |
Dr. Martens plc | 1,239,755 | 1,396 | |
Crest Nicholson Holdings plc | 515,917 | 1,363 | |
* | PureTech Health plc | 539,847 | 1,354 |
1 | Petershill Partners plc | 592,800 | 1,321 |
* | Greencore Group plc | 1,022,045 | 1,319 |
IP Group plc | 1,977,521 | 1,307 | |
AG Barr plc | 179,275 | 1,288 | |
UK Commercial Property REIT Ltd. | 1,587,959 | 1,286 | |
Essentra plc | 580,521 | 1,272 | |
* | Auction Technology Group plc | 181,418 | 1,252 |
* | Currys plc | 1,992,481 | 1,246 |
* | Moonpig Group plc | 559,661 | 1,184 |
Mobico Group plc | 1,086,601 | 1,176 | |
1 | TI Fluid Systems plc | 641,028 | 1,162 |
Diversified Energy Co. plc | 95,363 | 1,100 | |
Balanced Commercial Property Trust Ltd. | 1,131,519 | 1,085 | |
FDM Group Holdings plc | 178,062 | 1,045 | |
Wickes Group plc | 523,578 | 1,039 | |
Liontrust Asset Management plc | 126,119 | 995 | |
Halfords Group plc | 435,608 | 985 | |
* | Molten Ventures plc | 308,759 | 935 |
Picton Property Income Ltd. | 1,082,395 | 918 | |
* | Tullow Oil plc | 2,338,339 | 917 |
* | Alphawave IP Group plc | 557,772 | 915 |
NCC Group plc | 571,930 | 877 | |
Jupiter Fund Management plc | 853,132 | 854 | |
* | Hochschild Mining plc | 621,174 | 817 |
* | Capita plc | 3,365,870 | 809 |
PZ Cussons plc | 468,555 | 791 | |
Vanquis Banking Group plc | 524,330 | 784 | |
* | AO World plc | 662,009 | 761 |
* | 888 Holdings plc | 771,040 | 751 |
*,3 | Home REIT plc | 1,529,958 | 738 |
Breedon Group plc | 155,306 | 711 | |
Ferrexpo plc | 572,784 | 631 | |
*,2 | ASOS plc | 133,276 | 622 |
* | SIG plc | 1,396,110 | 579 |
* | S4 Capital plc | 951,543 | 531 |
Helical plc | 200,315 | 518 | |
* | Synthomer plc | 247,571 | 494 |
CLS Holdings plc | 369,531 | 460 | |
* | Oxford Biomedica plc | 169,598 | 390 |
Shares | Market Value ($000) | ||
1 | CMC Markets plc | 216,958 | 373 |
* | Rank Group plc | 413,342 | 367 |
Ithaca Energy plc | 211,798 | 366 | |
1 | Bakkavor Group plc | 301,819 | 364 |
2 | XP Power Ltd. | 14,134 | 251 |
Capricorn Energy plc | 112,023 | 206 | |
*,2 | Petrofac Ltd. | 424,224 | 164 |
*,3 | Evraz plc | 1,326,266 | — |
*,3 | NMC Health plc | 157,105 | — |
*,1,3 | Finablr plc | 304,209 | — |
*,3 | Carillion plc | 1,000,411 | — |
5,661,676 | |||
United States (0.0%) | |||
* | Seadrill Ltd. | 103,586 | 4,459 |
Gen Digital Inc. | 45 | 1 | |
4,460 | |||
Total Common Stocks (Cost $24,993,700) | 23,818,614 | ||
Preferred Stocks (0.5%) | |||
Volkswagen AG Preference Shares | 414,169 | 53,268 | |
Henkel AG & Co. KGaA Preference Shares | 334,958 | 25,677 | |
Sartorius AG Preference Shares | 50,193 | 18,311 | |
Bayerische Motoren Werke AG Preference Shares | 116,998 | 11,432 | |
FUCHS SE Preference Shares | 139,260 | 6,104 | |
* | Grifols SA Preference Shares Class B (XMAD) | 500,058 | 4,016 |
* | Telecom Italia SpA Preference Shares | 8,523,074 | 2,683 |
Sixt SE Preference Shares | 28,476 | 1,950 | |
Danieli & C Officine Meccaniche SpA Preference Shares | 76,411 | 1,855 | |
Draegerwerk AG & Co. KGaA Preference Shares | 18,698 | 961 | |
Corem Property Group AB Preference Shares | 23,227 | 465 | |
Total Preferred Stocks (Cost $185,037) | 126,722 | ||
Rights (0.0%) | |||
*,3 | AHL Strom-Munksjo OYJ | 19,422 | 375 |
* | ACS Actividades de Construccion y Servicios SA Exp. 2/2/24 | 490,837 | 225 |
Total Rights (Cost $538) | 600 | ||
Warrant (0.0%) | |||
*,2,3 | Webuild SpA Exp. 8/2/30 (Cost $—) | 61,413 | 57 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.5%) | |||
Money Market Fund (0.5%) | |||
4,5 | Vanguard Market Liquidity Fund, 5.410% (Cost $122,593) | 1,226,175 | 122,605 |
Total Investments (99.7%) (Cost $25,301,868) | 24,068,598 | ||
Other Assets and Liabilities—Net (0.3%) | 63,939 | ||
Net Assets (100%) | 24,132,537 | ||
Cost is in $000. |
* | 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 January 31, 2024, the aggregate value was $630,888,000, representing 2.6% of net assets. |
2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $52,383,000. |
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 $61,559,000 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 | ||||
Euro Stoxx 50 Index | March 2024 | 419 | 21,124 | 625 |
FTSE 100 Index | March 2024 | 115 | 11,118 | 57 |
MSCI Europe Index | March 2024 | 5,117 | 174,884 | 4,335 |
5,017 |
Forward Currency Contracts | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized Depreciation ($000) | ||||
Counterparty | Receive | Deliver | |||||
Toronto-Dominion Bank | 3/20/24 | CHF | 7,838 | USD | 9,297 | — | (164) |
Toronto-Dominion Bank | 3/20/24 | EUR | 76,270 | USD | 82,698 | — | (97) |
State Street Bank & Trust Co. | 3/20/24 | EUR | 52,207 | USD | 56,664 | — | (124) |
BNP Paribas | 3/20/24 | EUR | 33,232 | USD | 36,088 | — | (98) |
Royal Bank of Canada | 3/20/24 | EUR | 22,150 | USD | 23,961 | 27 | — |
State Street Bank & Trust Co. | 3/20/24 | EUR | 22,150 | USD | 23,958 | 30 | — |
HSBC Bank plc | 3/20/24 | EUR | 21,716 | USD | 23,510 | 9 | — |
Barclays Bank plc | 3/20/24 | EUR | 12,064 | USD | 13,102 | — | (36) |
Toronto-Dominion Bank | 3/20/24 | GBP | 33,782 | USD | 42,561 | 268 | — |
State Street Bank & Trust Co. | 3/20/24 | GBP | 6,143 | USD | 7,810 | — | (23) |
JPMorgan Chase Bank, N.A. | 3/20/24 | GBP | 3,816 | USD | 4,818 | 19 | — |
Toronto-Dominion Bank | 3/20/24 | USD | 76,845 | CHF | 66,606 | — | (760) |
Forward Currency Contracts (continued) | |||||||
Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized Depreciation ($000) | ||||
Counterparty | Receive | Deliver | |||||
Royal Bank of Canada | 3/20/24 | USD | 10,987 | DKK | 75,552 | 5 | — |
Toronto-Dominion Bank | 3/20/24 | USD | 73,193 | EUR | 66,920 | 719 | — |
Barclays Bank plc | 3/20/24 | USD | 9,307 | EUR | 8,531 | 68 | — |
Citibank, N.A. | 3/20/24 | USD | 6,067 | EUR | 5,525 | 84 | — |
Toronto-Dominion Bank | 3/20/24 | USD | 46,476 | GBP | 36,653 | 7 | — |
State Street Bank & Trust Co. | 3/20/24 | USD | 11,238 | GBP | 8,943 | — | (100) |
Toronto-Dominion Bank | 3/20/24 | USD | 3,804 | NOK | 41,679 | — | (163) |
UBS AG | 3/20/24 | USD | 15,058 | SEK | 156,853 | — | (45) |
1,236 | (1,610) |
CHF—Swiss franc. |
DKK—Danish krone. |
EUR—euro. |
GBP—British pound. |
NOK—Norwegian krone. |
SEK—Swedish krona. |
USD—U.S. dollar. |
A. 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.
B. 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).
C. 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. Fluctuations in the value of the contracts are recorded as an asset (liability).
D. 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. Risks associated with these types of forward currency 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. Fluctuations in the value of the contracts are recorded as an asset (liability).
E. 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 January 31, 2024, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | — | 23,817,876 | 738 | 23,818,614 |
Preferred Stocks | — | 126,722 | — | 126,722 |
Rights | — | 225 | 375 | 600 |
Warrant | — | — | 57 | 57 |
Temporary Cash Investments | 122,605 | — | — | 122,605 |
Total | 122,605 | 23,944,823 | 1,170 | 24,068,598 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 5,017 | — | — | 5,017 |
Forward Currency Contracts | — | 1,236 | — | 1,236 |
Total | 5,017 | 1,236 | — | 6,253 |
Liabilities | ||||
Forward Currency Contracts | — | 1,610 | — | 1,610 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |