Wilshire Mutual Funds NPORT-P Wilshire International Equity Fund (Sep 2023 report)

WILSHIRE MUTUAL FUNDS, INC.
WILSHIRE INTERNATIONAL EQUITY FUND	September 30, 2023 (Unaudited)
SCHEDULE OF INVESTMENTS

		Shares		Value
COMMON STOCKS - 77.6%
Australia - 2.5%
Accent Group Ltd.		82,209	$	103,607
Allkem Ltd. (a)		7,913		59,623
Aristocrat Leisure Ltd.		169		4,435
Atlassian Corp. - Class A (a)		8,110		1,634,246
Beach Energy Ltd.		75,714		80,017
BHP Group Ltd.		9,330		264,558
BlueScope Steel Ltd.		1,240		15,486
Cochlear Ltd.		1,454	��	238,344
Computershare Ltd.		8,333		139,392
Emeco Holdings Ltd.		57,028		23,100
EVT Ltd.		3,703		26,131
FleetPartners Group Ltd. (a)		24,816		43,713
Grange Resources Ltd.		108,811		32,734
Growthpoint Properties Australia Ltd.		35,276		50,197
IDP Education Ltd.		7,376		101,149
Insurance Australia Group Ltd.		25,229		92,171
JB Hi-Fi Ltd.		2,436		70,519
Lendlease Corp. Ltd.		23,092		106,886
Medibank Pvt Ltd.		103,784		229,412
Neuren Pharmaceuticals Ltd. (a)		4,660		32,917
New Hope Corp. Ltd.		5,864		23,900
Nick Scali Ltd.		2,593		18,448
Nine Entertainment Co. Holdings Ltd.		28,252		37,165
Northern Star Resources Ltd.		20,450		136,897
OceanaGold Corp.		9,311		18,235
Orica Ltd.		1,253		12,582
Perenti Ltd. (a)		187,542		130,056
Perseus Mining Ltd.		130,475		136,932
Pro Medicus Ltd.		1,066		57,007
QBE Insurance Group Ltd.		22,038		222,868
Ramelius Resources Ltd.		68,055		62,276
Ridley Corp. Ltd.		124,712		183,986
Sandfire Resources Ltd. (a)		10,159		40,068
Seven Group Holdings Ltd.		7,566		151,861
Seven West Media Ltd. (a)		71,252		14,431
Sigma Healthcare Ltd.		300,241		133,030
Super Retail Group Ltd.		6,143		47,306
Technology One Ltd.		17,464		173,710
The Lottery Corp. Ltd.		1,241		3,759
Ventia Services Group Pty Ltd.		109,104		197,386
Wesfarmers Ltd.		560		19,025
Woolworths Group Ltd.		1,641		39,537
Yancoal Australia Ltd.		7,717		25,640
				5,234,742
Austria - 0.2%
ANDRITZ AG		1,666		83,846
Eurotelesites AG (a)		5,419		23,719
Porr Ag		7,196		89,229
Telekom Austria AG		21,676		151,038
Wienerberger AG		1,124		28,479
				376,311
Belgium - 0.1%
Bekaert SA		2,509		112,130
Melexis NV		1,442		124,091
Tessenderlo Group SA		660		19,046
X-Fab Silicon Foundries SE (a)(b)		1,736		17,914
				273,181
Bermuda - 0.6%
Arch Capital Group Ltd. (a)		17,280		1,377,389
Brazil - 0.9%
Aliansce Sonae Shopping Centers SA		14,200		63,873
Ambev SA		381,300		995,246
Banco do Brasil SA		33,800		317,723
BB Seguridade Participacoes SA		1,200		7,468
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		1,600		19,509
Cia de Saneamento do Parana		14,900		67,704
Engie Brasil Energia SA		1,700		14,022
Raia Drogasil SA		9,800		��             53,830
Rumo SA		27,600		125,685
Ultrapar Participacoes SA		26,100		97,514
Vale SA		300		4,028
WEG SA		15,600		112,782
				1,879,384
Britain - 8.6%
4imprint Group PLC		2,191		139,186
Ashtead Group PLC		358		21,760
AstraZeneca PLC		12,763		1,717,614
Aviva PLC - Class B (a)		77,570		366,775
BAE Systems PLC		116,653		1,416,044
Barclays PLC		257,194		498,133
Big Yellow Group PLC		7,633		87,060
Bloomsbury Publishing PLC		3,510		17,104
Bodycote PLC		6,725		53,489
British American Tobacco PLC		4,537		142,427
CentralNic Group PLC		21,207		34,276
Centrica PLC		23,531		44,177
Coca-Cola Europacific Partners PLC		69		4,311
Compass Group PLC		40,366		983,392
Domino's Pizza Group PLC		20,420		93,649
Dowlais Group PLC		13,411		17,529
Drax Group PLC		7,577		40,535
Dunelm Group PLC		1,619		20,677
Ferguson PLC		8,250		1,356,520
Frasers Group PLC (a)		4,620		45,397
Future PLC		2,042		21,966
Games Workshop Group PLC		789		101,675
Global Ship Lease, Inc. - Class A		3,639		66,739
Halfords Group PLC		8,053		19,468
Harbour Energy PLC		5,443		17,043
Howden Joinery Group PLC		19,606		175,191
HSBC Holdings PLC		202,544		1,586,746
hVIVO PLC		127,701		31,421
IMI PLC		9,256		176,043
Imperial Brands PLC		5,896		119,730
Indivior PLC (a)		1,497		32,381
InterContinental Hotels Group PLC		2,511		185,118
J D Wetherspoon PLC (a)		4,751		40,037
J Sainsbury PLC		317,399		976,529
Johnson Service Group PLC		47,396		77,785
Lancashire Holdings Ltd.		9,652		69,511
LondonMetric Property PLC		8,779		18,368
Man Group PLC		61,064		165,913
Marks & Spencer Group PLC (a)		33,022		95,005
Mitchells & Butlers PLC (a)		26,000		71,730
NatWest Group PLC		153,590		439,477
OSB Group PLC		19,208		76,625
Oxford Instruments PLC		1,481		39,353
Pagegroup PLC		6,798		34,743
Paragon Banking Group PLC		10,686		64,027
Persimmon PLC		760		9,950
Pets at Home Group PLC		8,577		34,908
Reckitt Benckiser Group PLC		7,175		507,063
Rightmove PLC		7,105		48,426
Rolls-Royce Holdings PLC (a)		66,456		178,147
Serco Group PLC		67,048		121,574
Shaftesbury Capital PLC		64,018		89,180
Shell PLC		18,426		585,030
Shell PLC		50,460		1,626,511
Smith & Nephew PLC		290		3,605
Spirent Communications PLC		17,144		28,750
Standard Chartered PLC		82,285		760,478
Stolt-Nielsen Ltd.		954		27,638
Target Healthcare REIT PLC		158,085		146,070
Tesco PLC		322,832		1,038,028
Travis Perkins (a)		70,583		722,985
Unilever PLC		891		43,969
Virgin Money UK PLC		43,361		89,030
Vodafone Group PLC		160,196		149,590
Volution Group PLC		8,993		39,523
Watches of Switzerland Group PLC (a)(b)		4,302		27,912
Wise PLC - Class A (a)		5,699		47,345
YouGov PLC		3,106		28,388
				18,156,779
Canada - 4.8%
ADENTRA, Inc.		949		21,436
AGF Mangement Ltd. - Class B		5,091		26,800
Air Canada (a)		1,800		25,683
Alimentation Couche-Tard, Inc.		1,800		91,415
Barrick Gold Corp.		9,900		143,808
Boardwalk Real Estate Investment Trust		4,623		227,397
Bombardier, Inc. - Class B (a)		1,621		56,522
Boston Pizza Royalties Income Fund		1,101		12,289
Brookfield Asset Management Ltd. - Class A		12,700		423,193
Brookfield Corp.		400		12,507
BRP, Inc.		800		60,554
Cameco Corp.		900		35,709
Canadian Natural Resources Ltd.		200		12,934
Canadian Pacific Kansas City Ltd. (c)		33,590		2,499,432
CCL Industries, Inc. - Class B		1,100		46,170
Cenovus Energy, Inc.		5,400		112,433
CES Energy Solutions Corp.		7,502		21,265
CGI, Inc. (a)		2,500		246,420
CI Financial Corp.		16,010		182,230
Dollarama, Inc.		600		41,339
Doman Building Materials Group Ltd.		11,166		60,670
Enerplus Corp.		2,586		45,504
EQB, Inc.		776		43,078
Fairfax Financial Holdings Ltd.		174		142,040
Finning International, Inc.		3,834		113,079
First Quantum Minerals Ltd.		100		2,363
George Weston Ltd.		350		38,815
Gibson Energy, Inc. (c)		3,222		46,091
Hudbay Minerals, Inc.		4,114		20,021
iA Financial Corp., Inc.		2,749		172,439
IAMGOLD Corp. (a)		13,464		29,044
Imperial Oil Ltd.		2,500		153,985
International Petroleum Corp. (a)		17,781		169,268
Killam Apartment Real Estate Investment Trust		4,276		54,841
Kinross Gold Corp.		31,900		145,379
Magna International, Inc.		12,832		687,680
MDA Ltd. (a)		7,153		60,721
North American Construction Group Ltd.		6,136		132,952
Obsidian Energy Ltd. (a)		7,633		62,829
Onex Corp.		600		35,264
Pan American Silver Corp.		4,800		69,478
Parex Resources, Inc.		10,797		202,625
Parkland Corp. (a)		3,800		111,153
Resolute Forest Products (a)(d)(e)		1,388		–
Russel Metals, Inc.		784		21,946
Shopify, Inc. - Class A (a)		500		27,292
Silvercorp Metals, Inc.		11,339		26,380
Stantec, Inc.		1,751		113,614
Stella-Jones, Inc.		4,995		240,216
Sun Life Financial, Inc.		2,600		126,856
Suncor Energy, Inc.		1,800		61,902
TFI International, Inc.		300		38,529
Thomson Reuters Corp.		8,999		1,100,883
TMX Group Ltd.		900		19,342
Torex Gold Resources, Inc. (a)		2,784		28,962
Trican Well Service Ltd.		39,751		136,089
Vermilion Energy, Inc.		1,431		20,934
Wajax Corp.		1,421		29,440
Waste Connections, Inc.		7,790		1,046,197
WSP Global, Inc.		1,600		225,820
				10,163,257
Chile - 0.1%
Cia Sud Americana de Vapores SA		100,425		6,023
Enel Americas SA (a)		491,859		56,456
Enel Chile SA		827,884		50,307
				112,786
China - 3.3%
Agile Group Holdings Ltd. (a)		142,000		16,803
Alibaba Group Holding Ltd. (a)		121,848		1,321,002
ANTA Sports Products Ltd.		12,300		137,281
AustAsia Group Ltd. (a)		18,440		4,139
Autohome, Inc. - ADR		143		4,340
Baidu, Inc. - ADR (a)		3,345		449,401
Baidu, Inc. - Class A (a)		18,000		303,420
Bairong, Inc. (a)(b)		10,000		12,996
Bank of Jiangsu Co. Ltd. - Class A		19,400		19,050
Beijing Jingneng Clean Energy Co. Ltd. - Class H		80,000		16,596
Binjiang Service Group Co. Ltd.		7,500		16,611
BYD Co. Ltd. - Class A		1,800		58,402
BYD Co. Ltd. - Class H		4,500		138,516
Central China Management Co. Ltd.		194,000		8,721
Chaoju Eye Care Holdings Ltd.		31,000		16,297
China BlueChemical Ltd. - Class H		132,000		32,591
China Construction Bank Corp. - Class H		267,000		150,445
China Datang Corp. Renewable Power Co. Ltd. - Class H		126,000		29,901
China Galaxy Securities Co. Ltd. - Class H		138,800		71,257
China Merchants Bank Co. Ltd. - Class H		50,500		209,523
China Pacific Insurance Group Co. Ltd. - Class H		12,200		30,306
China Petroleum & Chemical Corp. - Class H		204,000		111,057
China XLX Fertiliser Ltd.		33,000		16,518
COSCO SHIPPING Holdings Co. Ltd. - Class A		5,900		7,931
E-Commodities Holdings Ltd.		132,000		24,304
Excellence Commercial Property & Facilities Management Group Ltd.		56,000		14,417
FinVolution Group - ADR		8,182		40,746
First Tractor Co. Ltd. - Class H		70,000		35,636
Fu Shou Yuan International Group Ltd.		42,000		29,279
Fufeng Group Ltd.		127,000		71,667
GF Securities Co. Ltd. - Class H		289,400		386,708
Haier Smart Home Co. Ltd. - Class H		77,000		240,860
Hello Group, Inc. - ADR		4,340		30,293
Hubei Jumpcan Pharmaceutical Co. Ltd. - Class A		2,000		7,489
Industrial & Commercial Bank of China Ltd. - Class H		��                12,100		5,829
JD.com, Inc. - Class A		4,141		60,189
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. - Class A		3,700		66,178
KE Holdings, Inc. - ADR		4,675		72,556
Kingsoft Corp. Ltd.		9,200		33,116
Kweichow Moutai Co. Ltd. - Class A		600		148,861
LexinFintech Holdings Ltd. - ADR		21,932		48,470
Li Auto, Inc. - Class A (a)		14,334		256,356
LONGi Green Energy Technology Co. Ltd. - Class A		4,888		18,276
Meituan - Class B (a)(b)		408		5,923
NetDragon Websoft Holdings Ltd.		9,500		17,560
NetEase, Inc.		1,900		38,144
PetroChina Co. Ltd. - Class H		252,000		189,175
PICC Property & Casualty Co. Ltd. - Class H		180,000		230,184
Seazen Group Ltd. (a)		180,000		32,758
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. - Class A		2,178		72,182
Shenzhen SC New Energy Technology Corp. - Class A		600		6,239
Sinopec Engineering Group Co. Ltd. - Class H		200,500		90,206
TBEA Co. Ltd. - Class A		650		1,319
Tencent Holdings Ltd.		10,880		421,655
Tencent Music Entertainment Group - ADR (a)		15,884		101,340
The People's Insurance Co. Group of China Ltd. - Class H		17,000		6,072
Tianqi Lithium Corp. - Class A		2,300		17,298
Tongcheng Travel Holdings Ltd. (a)		25,200		55,140
Tongwei Co. Ltd. - Class A		11,300		49,905
Trip.com Group Ltd. (a)		1,920		67,740
Unisplendour Corp. Ltd. - Class A (a)		6,300		20,327
Vipshop Holdings Ltd. - ADR (a)		8,165		130,722
Weichai Power Co. Ltd. - Class H		364,000		493,892
Wuliangye Yibin Co. Ltd. - Class A		500		10,798
XPeng, Inc. - Class A (a)		9,946		91,849
YongXing Special Materials Technology Co. Ltd. - Class A		900		5,588
Yuexiu Services Group Ltd.		124,500		46,469
				6,976,819
Colombia - 0.0% (f)
Interconexion Electrica SA ESP		108		395
Czech Republic - 0.0% (f)
CEZ AS		924		39,259
Denmark - 3.0%
ALK-Abello A/S (a)		9,349		104,761
AP Moller - Maersk A/S - Class A		87		154,354
AP Moller - Maersk A/S - Class B		138		248,691
Bavarian Nordic A/S (a)		780		17,504
Carlsberg AS - Class B		64		8,065
D/S Norden A/S		3,264		181,724
Danske Bank A/S		18,049		420,412
Dfds A/S		582		19,202
DSV A/S		6,380		1,189,432
H Lundbeck A/S		14,822		79,932
H Lundbeck A/S - Class A		4,773		22,550
ISS A/S		2,218		34,038
Jyske Bank A/S (a)		470		34,345
NKT A/S (a)		420		21,968
Novo Nordisk A/S - Class B		41,448		3,770,352
Per Aarsleff Holding A/S		605		27,698
				6,335,028
Egypt - 0.1%
Abou Kir Fertilizers & Chemical Industries		26,954		58,444
Egypt Kuwait Holding Co. SAE		43,770		56,517
				114,961
Finland - 1.0%
Incap Oyj (a)		2,110		18,893
Kemira Oyj		3,618		56,312
Nokia Oyj		337,064		1,267,672
Nordea Bank Abp		50,739		557,562
Valmet Oyj		1,398		31,893
Wartsila OYJ Abp		11,685		132,453
				2,064,785
France - 5.8%
Accor SA		24,574		827,410
Amundi SA (b)		22,727		1,274,645
AXA SA		797		23,607
Bureau Veritas SA		3,911		96,882
Capgemini SE		691		119,984
Catana Group		7,520		47,525
Cie de Saint-Gobain		1,882		112,748
Cie Generale des Etablissements Michelin SCA		46,215		1,416,481
Dassault Aviation SA		502		94,424
Dassault Systemes SE		5,304		197,196
Edenred SE		811		50,672
Elis SA		4,094		72,047
Engie SA		14,218		218,010
Equasens		255		19,633
Eurazeo SE		1,535		91,441
Hammerson (a)		121,066		37,013
Hermes International SCA		138		250,869
Jacquet Metals SACA		893		15,168
Kering SA		321		145,946
La Francaise des Jeux SAEM (b)		3,556		115,482
L'Oreal SA		123		50,939
LVMH Moet Hennessy Louis Vuitton SE		2,055		1,550,347
Mersen SA		1,384		55,325
Publicis Groupe SA		3,915		295,648
Rexel SA		69,047		1,545,339
Rubis SCA		793		17,766
Safran SA		3		469
Sanofi		12,898		1,383,984
Schneider Electric SE		9,420		1,553,007
SCOR SE		526		16,386
SEB SA		592		55,240
Societe BIC SA		2,685		177,143
Sopra Steria Group SACA		280		57,789
Thales SA		287		40,270
TotalEnergies SE		1,089		71,664
Verallia SA (b)		3,952		155,394
				12,253,893
Georgia - 0.0% (f)
TBC Bank Group PLC		1,222		44,327
Germany - 3.3%
Allianz SE		27		6,438
Amadeus Fire AG		453		53,541
Atoss Software AG		938		194,171
BASF SE		28,858		1,309,935
Bayer AG		14,071		675,829
Bayerische Motoren Werke AG		885		90,146
Cliq Digital AG		2,490		49,387
Covestro AG (a)(b)		18,864		1,018,205
CTS Eventim AG & Co. KGaA		1,583		90,091
Daimler Truck Holding AG		32,780		1,136,826
Deutsche Lufthansa AG (a)		7,052		56,026
Evotec SE (a)		2,963		59,218
Fresenius Medical Care AG & Co. KGaA		19,413		838,467
Gerresheimer AG		374		39,293
Hornbach Holding AG & Co. KGaA		260		16,613
HUGO BOSS AG		1,610		101,926
Infineon Technologies AG		1,021		33,861
K+S AG		1,865		33,895
Krones AG		1,547		159,480
MBB SE		234		18,809
Mensch und Maschine Software SE		391		18,972
Mercedes-Benz Group AG		1,499		104,409
MTU Aero Engines AG		445		80,851
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		211		82,317
PVA TePla AG (a)		3,720		60,504
Rational AG		159		100,664
Siemens AG		2,050		293,895
Suedzucker AG		1,711		25,467
SUESS MicroTec SE		6,121		141,649
Wacker Neuson SE		2,520		51,397
				6,942,282
Greece - 0.1%
Aegean Airlines SA (a)		2,638		29,206
Alpha Services and Holdings SA (a)		21,828		28,972
Danaos Corp.		496		32,845
FF Group (a)(e)		2,880		–
Hellenic Telecommunications Organization SA		2,608		38,105
JUMBO SA		258		7,097
OPAP SA		274		4,593
Piraeus Financial Holdings SA (a)		10,718		31,773
Public Power Corp. SA (a)		785		7,878
				180,469
Hong Kong - 1.4%
AIA Group Ltd.		4,000		32,356
Beijing Enterprises Holdings Ltd.		22,500		77,519
Brilliance China Automotive Holdings Ltd.		648,000		319,285
China Overseas Land & Investment Ltd.		441,500		907,132
China Taiping Insurance Holdings Co. Ltd.		37,400		37,020
China Traditional Chinese Medicine Holdings Co. Ltd.		26,000		12,107
Cowell e Holdings, Inc. (a)		10,000		19,905
First Pacific Co. Ltd.		330,000		130,351
Futu Holdings Ltd. - ADR (a)		1,125		65,036
Galaxy Entertainment Group Ltd.		126,000		753,684
Geely Automobile Holdings Ltd.		40,000		47,075
Gemdale Properties & Investment Corp. Ltd.		1,008,000		41,500
Hong Kong Exchanges & Clearing Ltd.		1,000		37,282
JS Global Lifestyle Co. Ltd. (b)		235,500		38,972
Man Wah Holdings Ltd.		50,800		35,397
New World Development Co. Ltd.		2,000		3,881
Sinofert Holdings Ltd.		476,000		55,650
Skyworth Group Ltd.		76,000		28,446
Tam Jai International Co. Ltd.		115,000		19,803
The Bank of East Asia Ltd.		29,400		36,375
The United Laboratories International Holdings Ltd.		148,000		149,720
Theme International Holdings Ltd. (a)		300,000		24,764
United Energy Group Ltd.		140,000		20,555
Yue Yuen Industrial Holdings Ltd.		26,000		29,795
				2,923,610
Hungary - 0.2%
OTP Bank Nyrt		��           11,994		432,769
India - 2.5%
Aarti Drugs Ltd.		6,286		40,919
Ajanta Pharma Ltd.		4,568		99,066
Alembic Pharmaceuticals Ltd.		2,195		20,747
Ashok Leyland Ltd.		26,427		56,235
Bank of Baroda		12,009		30,939
BEML Ltd.		2,031		56,565
Bharat Petroleum Corp. Ltd.		18,012		75,148
Birlasoft Ltd.		3,405		19,812
Britannia Industries Ltd.		283		15,463
Can Fin Homes Ltd.		2,761		25,358
Caplin Point Laboratories Ltd.		7,681		95,200
Chennai Petroleum Corp. Ltd.		4,302		26,523
CMS Info Systems Ltd.		9,571		40,232
Coal India Ltd.		31,290		111,153
Coforge Ltd.		858		52,633
Finolex Cables Ltd.		2,836		37,899
GHCL Ltd.		7,847		58,130
Godawari Power and Ispat Ltd.		18,279		138,797
Gujarat Pipavav Port Ltd.		20,780		31,072
HCL Technologies Ltd.		12,811		190,042
ICICI Bank Ltd. - ADR		55,090		1,273,681
IDFC First Bank Ltd. (a)		18,319		21,064
Indian Oil Corp. Ltd.		41,391		45,368
Indo Count Industries Ltd.		6,848		18,422
Indoco Remedies Ltd.		8,529		34,791
Indraprastha Gas Ltd.		8,642		47,277
ITC Ltd.		14,278		76,441
JSW Steel Ltd.		5,586		52,338
Kaveri Seed Co. Ltd.		2,956		21,415
Kirloskar Ferrous Industries Ltd.		5,485		31,675
Kotak Mahindra Bank Ltd.		9,564		199,934
KPIT Technologies Ltd.		5,135		71,147
LIC Housing Finance Ltd.		3,983		22,294
Mahindra & Mahindra Ltd.		9,586		179,354
Motilal Oswal Financial Services Ltd.		3,711		39,294
Narayana Hrudayalaya Ltd.		3,551		46,442
NMDC Steel Ltd. (a)		32,328		20,041
NTPC Ltd.		11,567		34,167
Oil & Natural Gas Corp. Ltd.		57,052		131,570
Oil India Ltd.		7,170		25,747
Petronet LNG Ltd.		25,721		74,226
PTC India Ltd.		123,062		196,539
Rainbow Children's Medicare Ltd.		2,395		29,656
Route Mobile Ltd.		4,923		94,214
Sarda Energy & Minerals Ltd.		18,540		49,110
Shivalik Bimetal Controls Ltd.		2,999		19,225
Shriram Finance Ltd.		808		18,589
Shyam Metalics & Energy Ltd.		9,650		51,170
Siemens Ltd.		912		40,367
Sonata Software Ltd.		8,423		107,224
State Bank of India		9,529		68,623
Syngene International Ltd. (b)		2,202		21,285
Tata Communications Ltd.		5,422		126,037
Tata Consultancy Services Ltd.		7,645		324,294
Tata Motors Ltd.		20,671		156,710
The Great Eastern Shipping Co. Ltd.		10,282		104,929
The Karur Vysya Bank Ltd.		84,183		135,549
UltraTech Cement Ltd.		1,088		107,964
WNS Holdings Ltd. - ADR (a)		904		61,888
				5,401,994
Indonesia - 0.3%
Adaro Energy Indonesia Tbk PT		148,800		27,402
Astra International Tbk PT		332,000		133,579
Bank Central Asia Tbk PT		2,200		1,255
Bank Mandiri Persero Tbk PT		120,500		46,977
Bank Negara Indonesia Persero Tbk PT		136,600		91,221
Ciputra Development Tbk PT		689,500		45,497
Dharma Satya Nusantara Tbk PT		1,626,400		64,197
Indofood Sukses Makmur Tbk PT		53,100		22,745
Industri Jamu Dan Farmasi Sido Muncul Tbk PT		953,500		36,401
Semen Indonesia Persero Tbk PT		113,600		47,287
Summarecon Agung Tbk PT		460,700		17,118
Triputra Agro Persada PT		898,100		33,414
United Tractors Tbk PT		57,900		105,714
Vale Indonesia Tbk PT		10,500		3,834
				676,641
Ireland - 2.4%
Accenture PLC - Class A		3,520		1,081,027
Bank of Ireland Group PLC		49,804		489,056
Experian PLC		33,844		1,105,662
Glenveagh Properties PLC (a)(b)		101,278		106,622
ICON PLC (a)		8,150		2,006,938
James Hardie Industries PLC - CDI (a)		6,651		173,547
Keywords Studios PLC		1,040		19,606
PDD Holdings, Inc. - ADR (a)		534		52,369
				5,034,827
Israel - 0.3%
Africa Israel Residences Ltd.		1,909		99,213
Electra Real Estate Ltd.		1,383		13,285
Inmode Ltd. (a)		1,904		57,996
Isras Investment Co. Ltd.		878		163,840
Ituran Location and Control Ltd.		2,682		80,192
Nova Ltd. (a)		710		79,832
Perion Network Ltd. (a)		1,120		34,306
Plus500 Ltd.		3,485		58,406
				587,070
Italy - 2.3%
Anima Holding SpA (b)		10,594		44,377
Assicurazioni Generali SpA		9,654		197,287
Azimut Holding SpA		1,311		28,589
Banca Monte dei Paschi di Siena SpA (a)		12,252		31,143
Banco BPM SpA		36,870		175,887
Buzzi SpA		2,400		65,732
Carel Industries SpA (b)		1,465		35,116
Danieli & C Officine Meccaniche SpA		1,380		28,795
Enel SpA		119,693		734,464
Ferrari NV		7,422		2,187,382
Intesa Sanpaolo SpA		171,166		439,862
Iren SpA		11,747		22,649
Iveco Group NV (a)		7,463		69,667
Leonardo SpA		11,408		164,408
Lottomatica Group Spa (a)		2,046		19,049
Moncler SpA		77		4,470
OVS SpA (b)		19,825		41,261
Reply SpA		388		36,424
Sanlorenzo SpA		1,028		38,567
Sesa SpA		150		15,723
SOL SpA		2,487		70,411
UniCredit SpA		9,615		230,080
Webuild SpA		74,991		133,223
				4,814,566
Japan - 9.8%
Advantest Corp.		31,200		867,331
Air Water, Inc.		1,400		17,441
ANA Holdings, Inc. (a)(c)		3,100		64,962
AOKI Holdings, Inc.		16,500		111,561
Aoyama Trading Co. Ltd.		9,700		108,377
Argo Graphics, Inc.		2,000		44,389
Astellas Pharma, Inc.		2,400		33,150
Avex, Inc.		4,400		42,469
BayCurrent Consulting, Inc.		2,400		80,192
Bell System24 Holdings, Inc.		5,700		60,199
Bushiroad, Inc.		5,300		19,929
Canon, Inc.		18,700		451,857
Chiyoda Corp. (a)		28,600		72,445
Chubu Electric Power Co., Inc.		14,900		190,602
CMIC Holdings Co. Ltd.		6,500		74,869
Credit Saison Co. Ltd.		1,600		25,363
Daihatsu Diesel Manufacturing Co. Ltd.		24,300		142,084
Dai-ichi Life Holdings, Inc.		1,100		22,886
Daishinku Corp.		10,500		54,066
Disco Corp.		500		91,819
DMG Mori Co. Ltd.		3,900		66,304
Doutor Nichires Holdings Co. Ltd.		6,200		96,632
Eiken Chemical Co. Ltd.		11,600		105,985
Electric Power Development Co. Ltd.		7,400		119,741
ENEOS Holdings, Inc.		14,700		57,990
Ferrotec Holdings Corp.		3,800		73,106
FreakOut Holdings, Inc. (a)		5,100		32,114
Fukuoka Financial Group, Inc.		16,300		388,678
Fukuyama Transporting Co. Ltd.		1,800		47,293
H.U. Group Holdings, Inc.		3,100		52,660
Hanwa Co. Ltd.		1,200		38,067
Heiwa Corp.		7,800		111,896
Hisamitsu Pharmaceutical Co., Inc.		1,000		36,409
Hitachi Zosen Corp.		5,800		32,537
Hokko Chemical Industry Co. Ltd.		2,900		18,460
Honda Motor Co. Ltd.		60,600		681,401
Horiba Ltd.		1,900		102,815
HS Holdings Co. Ltd.		9,000		59,449
Idemitsu Kosan Co. Ltd.		1,000		22,997
IDOM, Inc.		12,100		58,812
Inpex Corp.		5,500		82,541
ISB Corp.		4,100		39,557
Isuzu Motors Ltd.		16,900		212,412
J Trust Co. Ltd.		14,600		46,547
Jaccs Co. Ltd.		2,100		72,468
Japan Airlines Co. Ltd.		1,000		19,450
Japan Post Bank Co. Ltd.		14,300		124,240
Japan Post Holdings Co. Ltd.		10,000		79,945
Japan Tobacco, Inc.		5,000		115,066
JFE Holdings, Inc.		6,300		92,573
Juroku Financial Group, Inc.		2,900		72,381
Kawasaki Heavy Industries Ltd.		5,900		142,788
KDDI Corp.		500		15,306
Keyence Corp.		2,880		1,070,413
Komatsu Ltd.		39,300		1,062,068
Konoike Transport Co. Ltd.		3,100		40,092
Kumiai Chemical Industry Co. Ltd.		6,700		49,348
Kurabo Industries Ltd.		2,200		35,894
Kuraray Co. Ltd.		2,700		31,988
Kureha Corp.		2,400		133,538
Look Holdings, Inc.		2,100		28,223
Macnica Holdings, Inc.		2,600		122,113
Mandom Corp.		4,100		37,845
Marubeni Corp.		10,400		162,080
Maruzen Showa Unyu Co. Ltd.		2,600		65,808
Matsuda Sangyo Co. Ltd.		8,800		139,468
Mazda Motor Corp.		22,500		255,099
MCJ Co. Ltd.		4,500		33,772
Megmilk Snow Brand Co. Ltd.		12,700		194,796
MINEBEA MITSUMI, Inc.		31,800		518,695
Miroku Jyoho Service Co. Ltd.		7,200		79,299
Mitsubishi Corp.		5,700		271,552
Mitsubishi Heavy Industries Ltd.		3,200		179,284
Mitsubishi Motors Corp.		62,800		273,340
Mitsubishi Shokuhin Co. Ltd.		6,700		174,732
Mitsubishi UFJ Financial Group, Inc.		20,100		170,487
Mitsui & Co. Ltd.		1,400		50,742
Mitsui Matsushima Holdings Co. Ltd.		3,000		55,233
Mizuho Financial Group, Inc.		22,400		379,421
MS&AD Insurance Group Holdings, Inc.		2,500		91,438
MTG Co. Ltd.		4,300		44,228
Namura Shipbuilding Co. Ltd.		5,200		29,964
NEC Corp.		6,200		342,449
NET One Systems Co. Ltd.		4,900		92,987
Nexon Co. Ltd.		6,700		118,943
Nikkiso Co. Ltd.		4,900		33,219
NIPPON EXPRESS HOLDINGS, Inc.		1,100		57,395
Nippon Paper Industries Co. Ltd. (a)		2,300		20,736
NIPPON REIT Investment Corp.		11		26,272
Nippon Sanso Holdings Corp.		2,600		61,622
Nippon Telegraph & Telephone Corp.		30,000		35,433
Nippon Thompson Co. Ltd.		5,400		20,002
Nipro Corp.		5,100		41,242
Nishi-Nippon Financial Holdings, Inc.		1,300		14,779
Nissan Motor Co. Ltd.		21,700		95,719
Nissui Corp.		22,400		109,640
Nitto Denko Corp.		600		39,334
NS United Kaiun Kaisha Ltd.		1,800		47,279
NTT UD REIT Investment Corp.		22		20,325
OKUMA Corp.		1,100		48,351
Ono Pharmaceutical Co. Ltd.		5,600		107,407
Oriental Shiraishi Corp.		53,200		117,035
Otsuka Corp.		400		16,937
Outsourcing, Inc.		2,500		19,296
Pacific Industrial Co. Ltd.		2,200		21,074
Persol Holdings Co. Ltd.		26,000		42,298
Pressance Corp.		12,500		153,160
Prestige International, Inc.		10,800		44,509
Recruit Holdings Co. Ltd.		6,700		206,323
Renesas Electronics Corp. (a)		11,400		174,905
Resona Holdings, Inc.		148,300		819,617
Round One Corp.		10,200		38,198
Sakata INX Corp.		3,800		32,726
San ju San Financial Group, Inc.		3,900		48,260
San-Ai Obbli Co. Ltd.		1,900		20,161
Sanko Gosei Ltd.		18,700		88,745
Sanyo Shokai Ltd.		3,700		49,393
SCREEN Holdings Co. Ltd.		1,200		58,262
SCSK Corp.		5,500		95,936
Senshu Electric Co. Ltd.		700		16,501
Shibaura Machine Co. Ltd.		3,100		85,288
Shimizu Corp.		11,300		78,561
Shionogi & Co. Ltd.		3,500		156,504
SoftBank Corp.		7,600		85,949
SOSiLA Logistics REIT, Inc.		30		24,786
Subaru Corp.		37,500		728,461
SUMCO Corp.		1,300		16,907
Sumitomo Corp.		20,000		398,971
Sumitomo Mitsui Financial Group, Inc.		8,900		436,306
Sun Frontier Fudousan Co. Ltd.		10,400		104,734
T&D Holdings, Inc.		3,600		59,101
Takara Holdings, Inc.		8,800		70,674
Takara Leben Real Estate Investment Corp.		144		93,553
Takasago International Corp.		2,500		50,322
Takeda Pharmaceutical Co. Ltd.		15,500		481,367
The 77 Bank Ltd.		3,300		69,703
The Bank of Iwate Ltd.		1,200		20,947
The Hyakugo Bank Ltd.		5,600		20,069
The Oita Bank Ltd.		2,200		39,989
The Shiga Bank Ltd.		2,100		48,997
Tokai Carbon Co. Ltd.		14,400		112,745
Tokyo Gas Co. Ltd.		14,000		318,145
Tokyo Steel Manufacturing Co. Ltd.		9,200		104,776
Tokyotokeiba Co. Ltd.		1,000		26,885
Tokyu Fudosan Holdings Corp.		22,400		137,652
Tokyu REIT, Inc.		295		360,370
Topre Corp.		2,000		22,688
Toray Industries, Inc.		114,900		597,655
Tosoh Corp.		2,800		35,912
Toyo Engineering Corp. (a)		10,800		49,473
Toyota Motor Corp.		9,800		176,099
Toyota Tsusho Corp.		1,300		76,405
Traders Holdings Co. Ltd.		5,800		26,291
United Arrows Ltd.		1,600		20,962
Universal Entertainment Corp.		6,900		101,683
Valor Holdings Co. Ltd.		2,300		33,643
WingArc1st, Inc.		1,300		22,337
Xebio Holdings Co. Ltd.		7,200		48,158
Yokogawa Electric Corp.		8,400		162,206
Yorozu Corp.		3,100		19,627
Z Holdings Corp.		30,000		83,756
ZERIA Pharmaceutical Co. Ltd.		5,000		74,195
				20,754,893
Jersey - 0.0% (f)
Centamin PLC		31,921		32,509
Luxembourg - 0.5%
ArcelorMittal SA		40,748		1,019,103
Tenaris SA		6,166		97,429
				1,116,532
Malaysia - 0.2%
Bumi Armada Bhd (a)		708,900		84,486
Frencken Group Ltd.		61,700		50,202
Genting Bhd		2,700		2,396
Heineken Malaysia Bhd		28,800		149,137
Hong Leong Financial Group Bhd		1,100		4,147
MISC Bhd		48,900		73,716
My EG Services Bhd		121,900		20,612
Sime Darby Property Bhd		239,400		35,368
SP Setia Bhd Group		222,200		48,543
UMW Holdings Bhd		43,600		44,289
				512,896
Mauritius - 0.0% (f)
Capital Ltd.		76,573		79,680
Mexico - 0.3%
Alfa SAB de CV - Class A		38,300		24,966
Arca Continental SAB de CV		17,400		158,520
Cemex SAB de CV (a)		74,100		48,259
Coca-Cola Femsa SAB de CV		3,810		29,759
Controladora Vuela Cia de Aviacion SAB de CV - Class A (a)		88,700		59,854
FIBRA Macquarie Mexico (b)		25,200		42,310
Fomento Economico Mexicano SAB de CV		2,200		23,983
GCC SAB de CV		5,500		51,779
Grupo Aeroportuario del Sureste SAB de CV - Class B		5,765		141,268
Grupo Mexico SAB de CV - Class B		700		3,308
Nemak SAB de CV (a)(b)		217,500		42,059
Orbia Advance Corp SAB de CV		4,600		9,550
Promotora y Operadora de Infraestructura SAB de CV		8,555		76,221
				711,836
Netherlands - 4.0%
Adyen NV (a)(b)		1,392		1,031,844
ASM International NV		3,320		1,386,429
ASML Holding NV		1,348		791,598
ASML Holding NV - ADR		1,980		1,165,547
Eurocommercial Properties NV		2,013		44,591
ING Groep NV		95,053		1,255,672
Koninklijke Heijmans NV - CVA		3,472		39,200
Koninklijke Philips NV (a)		52,513		1,046,557
NN Group NV		3,993		127,963
Prosus NV		795		23,428
Randstad NV		25,240		1,391,274
Signify NV (b)		1,849		49,476
Wolters Kluwer NV		916		110,933
				8,464,512
New Zealand - 0.1%
Air New Zealand Ltd.		312,671		136,694
Summerset Group Holdings Ltd.		8,448		51,627
Xero Ltd. (a)		791		57,341
				245,662
Norway - 0.4%
Aker Solutions ASA		6,365		25,687
Austevoll Seafood ASA		4,927		34,596
BW Offshore Ltd.		14,183		32,627
DNB Bank ASA		18,767		377,993
Equinor ASA		224		7,344
Europris ASA (b)		5,428		30,279
Grieg Seafood ASA		2,532		18,508
Hoegh Autoliners ASA		13,580		97,600
Norske Skog ASA (a)(b)		13,916		60,145
Protector Forsikring ASA		1,260		20,478
Rana Gruber ASA		12,433		68,620
Wallenius Wilhelmsen ASA		2,409		19,044
				792,921
Peru - 0.0% (f)
Cia de Minas Buenaventura SAA - ADR		1,388		11,826
Credicorp Ltd.		30		3,839
				15,665
Philippines - 0.2%
BDO Unibank, Inc.		60,092		150,750
Bloomberry Resorts Corp. (a)		492,900		87,959
Megaworld Corp.		526,000		18,760
Robinsons Land Corp.		260,500		69,910
				327,379
Poland - 0.1%
Ciech SA		2,020		24,955
mBank SA (a)		376		33,863
PGE Polska Grupa Energetyczna SA (a)		34,845		59,598
Powszechna Kasa Oszczednosci Bank Polski SA		2,229		17,616
Powszechny Zaklad Ubezpieczen SA		6,900		65,287
Tauron Polska Energia SA (a)		104,819		85,991
				287,310
Portugal - 0.1%
Banco Comercial Portugues SA - Class R (a)		252,997		69,415
Jeronimo Martins SGPS SA		1,474		33,081
Sonae SGPS SA		108,213		105,034
				207,530
Russia - 0.0% (f)
Novolipetsk Steel PJSC (a)(d)(e)		46,050		–
PhosAgro PJSC - GDR (a)(d)(e)		5,089		–
Sberbank of Russia PJSC (d)(e)		29,200		–
Severstal PAO (a)(d)(e)		608		–
Surgutneftegas PJSC (d)(e)		168,940		–
Tatneft PJSC (d)(e)		19,624		–
				–
Saudi Arabia - 0.1%
Arab National Bank		3,396		21,719
Bawan Co.		9,620		84,392
Etihad Etisalat Co.		3,280		38,993
National Medical Care Co.		938		30,703
Saudi Awwal Bank		1,936		17,809
Saudi Telecom Co.		2,993		30,012
				223,628
Singapore - 0.5%
Best World International Ltd. (a)		14,200		17,427
BW Energy Ltd. (a)		13,061		33,380
DBS Group Holdings Ltd.		15,000		368,317
First Resources Ltd.		30,500		34,056
Jardine Cycle & Carriage Ltd.		700		16,300
Jiutian Chemical Group Ltd.		733,900		17,171
Lendlease Global Commercial REIT		547,800		218,159
Oversea-Chinese Banking Corp. Ltd.		14,400		134,488
Raffles Medical Group Ltd.		45,300		41,384
Singapore Airlines Ltd.		46,100		217,704
United Overseas Bank Ltd.		1,600		33,308
				1,131,694
South Africa - 0.4%
DRDGOLD Ltd. - ADR (c)		2,513		20,858
Fortress Real Estate Investments Ltd. (a)		193,200		131,205
Fortress Real Estate Investments Ltd. - Class B (a)		166,666		53,470
Gold Fields Ltd.		6,750		73,366
Harmony Gold Mining Co. Ltd.		10,230		38,492
Impala Platinum Holdings Ltd.		752		3,911
Investec PLC		27,052		157,740
JSE Ltd.		4,150		20,145
Momentum Metropolitan Holdings		128,403		133,692
MTN Group Ltd.		2,449		14,558
Old Mutual Ltd.		101,562		64,747
Reunert Ltd.		6,086		19,327
Sappi Ltd.		9,664		22,519
Vukile Property Fund Ltd.		117,487		81,040
				835,070
South Korea - 2.1%
AfreecaTV Co. Ltd.		477		29,500
Asia Paper Manufacturing Co. Ltd.		728		20,738
BNK Financial Group, Inc.		8,451		42,837
DB HiTek Co. Ltd.		2,458		88,827
DB Insurance Co. Ltd.		2,234		147,955
DGB Financial Group, Inc.		4,019		23,398
Dongjin Semichem Co. Ltd.		1,841		45,803
Dongwon Systems Corp.		1,212		26,936
Doosan Bobcat, Inc.		2,004		75,302
Eo Technics Co. Ltd.		544		56,960
F&F Holdings Co. Ltd.		995		12,014
GOLFZON Co. Ltd.		366		25,525
Hanmi Pharm Co. Ltd.		231		51,012
Hanon Systems		4,010		27,983
Hanwha Life Insurance Co. Ltd. (a)		33,298		70,422
HD Hyundai Co. Ltd.		137		6,719
HD Hyundai Infracore Co. Ltd.		5,084		40,006
HMM Co. Ltd.		8,918		107,443
Humedix Co. Ltd.		1,909		51,520
Hwa Shin Co. Ltd.		3,070		29,129
Hyundai Marine & Fire Insurance Co. Ltd.		2,394		57,558
Hyundai Motor Co.		1,031		145,954
JB Financial Group Co. Ltd.		20,466		150,997
Jeisys Medical, Inc. (a)		12,419		110,129
Jin Air Co. Ltd. (a)		3,641		32,523
KB Financial Group, Inc.		6,530		268,582
KCC Corp.		355		64,711
KG Chemical Corp.		2,830		14,996
Kia Corp.		6,068		364,204
KIWOOM Securities Co. Ltd.		1,905		133,206
KoMiCo Ltd.		1,190		43,068
Korea Investment Holdings Co. Ltd.		1,417		55,734
Korean Air Lines Co. Ltd.		6,436		103,695
Kyung Dong Navien Co. Ltd.		1,955		62,576
LF Corp.		2,819		29,773
LG Uplus Corp.		2,552		19,588
LIG Nex1 Co. Ltd.		351		22,857
Mgame Corp. (a)		6,202		29,774
NH Investment & Securities Co. Ltd.		5,400		40,887
OCI Co. Ltd. (a)		72		6,501
OCI Holdings Co. Ltd.		877		63,147
Orion Corp.		966		91,825
Paik Kwang Industrial Co. Ltd. (d)(e)		5,691		33,212
Samsung C&T Corp.		290		23,075
Samsung Card Co. Ltd.		875		19,740
Samsung Electronics Co. Ltd.		16,733		847,777
Samsung Securities Co. Ltd.		2,280		62,067
Sangsin Energy Display Precision Co. Ltd.		4,032		45,540
Shinhan Financial Group Co. Ltd.		19,280		509,100
SL Corp.		1,921		46,392
Vitzrocell Co. Ltd.		2,648		38,028
Youngone Corp.		753		26,947
				4,544,192
Spain - 0.9%
Acciona SA		399		50,733
Amadeus IT Group SA		1,779		107,209
Banco Bilbao Vizcaya Argentaria SA		3,296		26,838
Banco de Sabadell SA		53,294		61,731
CaixaBank SA		178,942		715,744
Endesa SA		855		17,378
Gestamp Automocion SA (b)		13,099		54,626
Grifols SA (a)		2,059		26,659
Iberdrola SA		41,664		465,196
Industria de Diseno Textil SA		8,363		311,265
Laboratorios Farmaceuticos Rovi SA		1,695		91,847
Prosegur Cia de Seguridad SA		9,848		15,891
				1,945,117
Sweden - 1.9%
Assa Abloy AB - Class B		12,829		279,490
Atlas Copco AB - Class A		58,979		790,193
Atlas Copco AB - Class B		32,051		374,429
Betsson AB - Class B		13,745		151,221
BioGaia AB - Class B		1,709		15,753
Camurus AB (a)		776		22,062
Castellum AB		12,555		127,950
Evolution AB (b)		11,990		1,208,207
Fortnox AB		14,069		74,850
G5 Entertainment AB		1,113		16,091
H & M Hennes & Mauritz AB - Class B		449		6,384
Hemnet Group AB		5,512		97,271
HMS Networks AB		922		33,560
Hoist Finance AB (a)(b)		7,368		18,410
Inwido AB		2,126		21,352
Modern Times Group MTG AB - Class B (a)		4,711		31,759
NCAB Group AB		6,877		33,800
Nordic Waterproofing Holding AB		2,182		32,463
Nyfosa AB		5,550		29,733
Sectra AB - Class B		7,633		90,080
Skandinaviska Enskilda Banken AB - Class A		15,577		185,539
SkiStar AB		1,675		17,115
Sweco AB (a)		3,272		30,447
Thule Group AB (b)		711		18,565
Transtema Group AB (a)		10,415		14,480
Trelleborg AB - Class B		4,493		111,494
Volvo AB - Class A		7,279		151,387
Volvo AB - Class B		1,513		31,145
Volvo Car AB - Class B (a)		8,676		35,061
				4,050,291
Switzerland - 4.7%
ABB Ltd.		13		465
Alcon, Inc.		4,059		313,658
Basilea Pharmaceutica AG (a)		686		30,695
Belimo Holding AG (a)		59		27,965
Cie Financiere Richemont SA		196		23,881
Coca-Cola HBC AG		8,059		220,573
Comet Holding AG		241		53,611
dormakaba Holding AG		69		33,915
DSM-Firmenich AG		108		9,123
Ferrexpo PLC (a)		7,905		7,320
Georg Fischer AG		659		36,967
Glencore PLC		4,334		24,785
Inficon Holding AG		69		84,160
Julius Baer Group Ltd.		16,807		1,077,091
LEM Holding SA		42		93,785
Lonza Group AG		1,260		582,935
Mobilezone Holding AG		2,003		29,848
Nestle SA		16,077		1,815,437
Novartis AG		7,933		809,514
Partners Group Holding AG		78		87,769
Roche Holding AG		5,862		1,598,949
SFS Group AG		310		33,894
Sika AG		5,440		1,378,807
Swiss Prime Site AG		47		4,301
Swiss Re AG		4,966		509,752
Swissquote Group Holding SA		137		25,009
Temenos AG		1,660		116,432
UBS Group AG		34,498		852,713
				9,883,354
Taiwan - 3.1%
Accton Technology Corp.		20,000		305,484
Adlink Technology, Inc.		16,000		30,523
Advanced International Multitech Co. Ltd.		15,000		32,736
Advantech Co. Ltd.		6,599		70,842
Ardentec Corp.		60,000		116,869
Asia Vital Components Co. Ltd.		3,000		31,787
Asustek Computer, Inc.		12,000		136,623
Chicony Power Technology Co. Ltd.		49,000		173,685
China Man-Made Fiber Corp. (a)		281,000		68,197
Chroma ATE, Inc.		5,000		42,856
Compal Electronics, Inc.		108,000		103,157
CTBC Financial Holding Co. Ltd.		109,000		82,876
Delta Electronics, Inc.		2,000		20,107
Depo Auto Parts Ind Co. Ltd.		40,000		166,203
Elitegroup Computer Systems Co. Ltd.		26,000		23,902
Eva Airways Corp.		64,000		58,985
Far Eastern Department Stores Ltd.		279,000		204,055
Far EasTone Telecommunications Co. Ltd.		23,000		51,783
Fitipower Integrated Technology, Inc.		5,200		44,794
Formosa Advanced Technologies Co. Ltd.		39,000		46,585
Formosa International Hotels Corp.		5,000		33,147
Getac Holdings Corp.		87,000		209,331
Global Brands Manufacture Ltd.		60,000		115,448
Globalwafers Co. Ltd.		3,000		42,194
Hon Hai Precision Industry Co. Ltd.		373,961		1,205,528
Innodisk Corp.		2,040		18,858
International Games System Co. Ltd.		4,000		80,853
ITE Technology, Inc.		21,000		102,601
King Yuan Electronics Co. Ltd.		35,000		82,574
L&K Engineering Co. Ltd.		16,000		58,312
Liton Technology Corp.		32,366		36,070
Lotes Co. Ltd.		4,000		102,078
Micro-Star International Co. Ltd.		24,000		122,085
Nan Pao Resins Chemical Co. Ltd.		19,000		122,139
Nan Ya Printed Circuit Board Corp.		3,000		24,802
Novatek Microelectronics Corp.		5,000		65,601
Pan German Universal Motors Ltd.		2,000		19,052
Quanta Computer, Inc.		17,000		126,652
Sanyang Motor Co. Ltd.		33,000		79,542
Sitronix Technology Corp.		3,000		25,976
Standard Chemical & Pharmaceutical Co. Ltd.		38,000		77,824
TaiDoc Technology Corp.		8,000		36,838
Taiwan Semiconductor Manufacturing Co. Ltd.		94,600		1,535,177
Ton Yi Industrial Corp.		81,000		41,413
Topkey Corp.		3,000		15,482
United Integrated Services Co. Ltd.		11,000		77,478
Voltronic Power Technology Corp.		1,000		49,101
Wan Hai Lines Ltd.		25,000		37,442
Wiwynn Corp.		3,000		139,412
				6,495,059
Thailand - 0.4%
Amata Corp. PCL		51,100		34,146
Electricity Generating PCL - NVDR		1,100		3,659
Ichitan Group PCL		282,000		129,828
Krung Thai Bank PCL - NVDR		62,700		32,688
Ngern Tid Lor PCL (a)		53,900		30,699
PTT Exploration & Production PCL - NVDR		40,000		186,920
Sappe PCL		24,500		54,723
SCB X PCL		135,300		398,515
				871,178
Turkey - 0.3%
Akbank TAS		291,697		354,249
BIM Birlesik Magazalar AS		644		6,420
Haci Omer Sabanci Holding AS		12,015		26,000
Migros Ticaret AS		8,495		113,192
MLP Saglik Hizmetleri AS (a)(b)		6,525		33,863
Sok Marketler Ticaret AS		26,189		55,475
Turkcell Iletisim Hizmetleri AS (a)		47,020		91,331
Turkiye Is Bankasi AS - Class C		6,921		6,468
Turkiye Petrol Rafinerileri AS		8,127		46,814
				733,812
United Arab Emirates - 0.4%
Abu Dhabi Commercial Bank PJSC		181,484		427,486
Abu Dhabi Islamic Bank PJSC		51,461		157,719
Emirates NBD Bank PJSC		28,106		136,238
Orascom Construction PLC		6,316		28,823
				750,266
United States - 2.7%
Aon PLC - Class A		5,390		1,747,546
EPAM Systems, Inc. (a)		2,840		726,160
International Game Technology PLC		1,275		38,658
Linde PLC		2,640		983,004
Mettler-Toledo International, Inc. (a)		690		764,568
Primo Water Corp.		3,532		48,784
Southern Copper Corp.		640		48,186
STERIS PLC		5,780		1,268,248
				5,625,154
Uraguay - 0.4%
MercadoLibre, Inc. (a)		730		925,552
Vietnam - 0.2%
Vietnam Dairy Products JSC		149,900		457,599
Total Common Stocks  (Cost $146,583,593)				164,418,815
PREFERRED STOCKS - 1.0%
Brazil - 0.5%
Cia de Ferro Ligas da Bahia FERBASA		10,400		104,195
Cia de Saneamento do Parana		211,600		192,381
Cia Energetica de Minas Gerais		104,900		258,360
Gol Linhas Aereas Inteligentes SA		35,300		46,350
Itau Unibanco Holding SA		51,921		280,649
Metalurgica Gerdau SA		19,400		42,995
Petroleo Brasileiro SA		5,300		36,356
				961,286
Chile - 0.0% (f)
Sociedad Quimica y Minera de Chile SA - Class B		57		3,390
Columbia - 0.0% (f)
Bancolombia SA		2,997		19,943
Germany - 0.4%
Bayerische Motoren Werke AG		1,812		169,181
Schaeffler AG		12,440		71,731
Volkswagen AG		5,940		683,910
				924,822
Russia - 0.0% (f)
Surgutneftegas PJSC (d)(e)		270,800		–
South Korea - 0.1%
Hyundai Motor Co.		1,280		100,436
Hyundai Motor Co.		792		61,674
				162,110
Total Preferred Stocks (Cost $2,942,433)				2,071,551
		Par Value
U.S. TREASURY OBLIGATIONS - 1.1%
U.S. Treasury Notes - 1.1%
0.250%, due 06/15/24	$	250,000		240,976
0.750%, due 11/15/24		60,000		56,972
5.000%, due 08/31/25		123,000		122,750
5.000%, due 09/30/25		141,000		140,868
0.250%, due 10/31/25		59,000		53,478
4.125%, due 06/15/26		122,000		119,732
4.625%, due 09/15/26		251,000		249,745
0.875%, due 09/30/26		236,000		210,593
1.250%, due 11/30/26		361,000		323,885
1.500%, due 01/31/27		18,900		17,016
2.750%, due 04/30/27		1,000		935
3.250%, due 06/30/27		2,600		2,470
4.375%, due 08/31/28		124,000		122,760
4.625%, due 09/30/28		180,000		180,084
1.625%, due 05/15/31		288,000		233,775
2.750%, due 08/15/32		18,500		16,020
4.125%, due 11/15/32		141,400		136,385
3.875%, due 08/15/33		185,000		174,825
Total U.S. Treasury Obligations (Cost $2,556,495)				2,403,269
AGENCY MORTGAGE-BACKED OBLIGATIONS INTEREST-ONLY STRIPS - 0.1%
Freddie Mac Multifamily Structured Pass Through Certificates
Series K-1501, 0.365%, due 04/25/30, Callable: 02/25/30 (g)		2,647,942		50,273
Series K-110, 1.696%, due 04/25/30, Callable: 02/25/30 (g)		497,122		40,734
Series K-118, 0.958%, due 09/25/30, Callable: 06/25/30 (g)		993,670		50,031
Total Agency Mortgage-Backed Obligations Interest-Only Strips  (Cost $107,759)				141,038
NON-AGENCY MORTGAGE-BACKED OBLIGATIONS - 2.6%
Alen 2021-ACEN Mortgage Trust
Series 2021-ACEN, 7.699%, due 04/15/34 (1 Month SOFR Rate + 2.364%) (b)(h)		200,000		149,700
BBCMS 2018-TALL Mortgage Trust
Series 2018-TALL, 6.254%, due 03/15/37 (1 Month SOFR Rate + 0.919%) (b)(h)		200,000		185,000
BBCMS 2021-AGW Mortgage Trust
Series 2021-AGW, 6.698%, due 06/15/36, Callable: 06/15/24 (1 Month SOFR Rate + 1.364%) (b)(h)		100,000		92,204
BX Commercial Mortgage Trust 2020-VKNG
Series 2020-VKNG, 6.849%, due 10/15/37 (1 Month SOFR Rate + 1.514%) (b)(h)		70,000		68,828
BX Trust 2022-LBA6
Series 2022-LBA6, 6.335%, due 01/15/39 (1 Month SOFR Rate + 1.000%) (b)(h)		200,000		195,499
BX Trust 2022-PSB
Series 2022-PSB, 7.786%, due 08/15/39 (1 Month SOFR Rate + 2.451%) (b)(h)		178,524		178,412
CIM Trust 2021-J3
Series 2021-J3, 2.500%, due 06/25/51, Callable: 04/25/45 (b)(g)		515,690		378,851
COLT 2021-2 Mortgage Loan Trust
Series 2021-2, 0.924%, due 08/25/66, Callable: 10/25/23 (b)(g)		223,940		160,695
Deephaven Residential Mortgage Trust 2022-2
Series 2022-2, 4.300%, due 03/25/67, Callable: 04/25/25 (b)(g)		334,496		304,707
Great Wolf Trust 2019-WOLF
Series 2019-WOLF, 6.482%, due 12/15/36 (1 Month SOFR Rate + 1.148%) (b)(h)		106,000		105,470
GS Mortgage Securities Corp II
Series C, 5.505%, due 09/10/38 (b)(g)		150,000		143,329
GS Mortgage Securities Corp Trust 2018-HART
Series 2018-HART, 6.483%, due 10/15/31 (1 Month SOFR Rate + 1.143%) (b)		131,604		130,524
GS Mortgage-Backed Securities Trust 2021-PJ10
Series 2021-PJ10, 2.500%, due 03/25/52, Callable: 10/25/47 (b)(g)		411,381		345,272
GS Mortgage-Backed Securities Trust 2023-PJ4
Series 2023-PJ4, 6.000%, due 01/25/54, Callable: 04/25/36 (b)(g)		295,060		286,969
GSCG Trust 2019-600C
Series 2019-600C, 2.936%, due 09/06/34 (b)(g)		200,000		151,275
JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON
Series A, 3.884%, due 01/05/34 (b)		150,000		148,593
JP Morgan Mortgage Trust 2017-2
Series 2017-2, 3.500%, due 05/25/47, Callable: 06/25/28 (b)(g)		54,475		46,073
JP Morgan Mortgage Trust 2018-5
Series 2018-5, 3.500%, due 10/25/48, Callable: 03/25/28 (b)(g)		106,035		89,636
JP Morgan Mortgage Trust 2019-1
Series 2019-1, 4.000%, due 05/25/49, Callable: 10/25/23 (b)(g)		9,996		8,907
JP Morgan Mortgage Trust 2019-INV3
Series 2019-INV3, 3.500%, due 05/25/50, Callable: 03/25/31 (b)(g)		108,938		93,286
JP Morgan Mortgage Trust 2020-2
Series 2020-2, 3.500%, due 07/25/50, Callable: 02/25/29 (b)(g)		67,582		56,441
JP Morgan Mortgage Trust 2021-7
Series TR, 2.500%, due 11/25/51, Callable: 01/25/47 (b)(g)		246,136		181,131
JP Morgan Mortgage Trust 2021-14
Series 2021-14, 2.500%, due 05/25/52, Callable: 10/25/45 (b)(g)		213,878		161,269
JP Morgan Mortgage Trust 2022-5
Series 2022-5, 2.500%, due 09/25/52, Callable: 10/25/43 (b)(g)		369,203		271,465
JP Morgan Mortgage Trust 2022-6
Series 2022-6, 3.000%, due 11/25/52, Callable: 04/25/46 (b)(g)		183,601		144,693
JP Morgan Mortgage Trust 2023-2
Series 2023-2, 5.000%, due 07/25/53, Callable: 07/25/42 (b)(g)		90,218		83,719
JP Morgan Trust 2015-3
Series 2015-3, 3.500%, due 05/25/45, Callable: 10/25/23 (b)(g)		55,891		48,456
Morgan Stanley Capital I Trust 2016-BNK2
Series C, 3.884%, due 11/15/49, Callable: 11/15/26 (g)		200,000		150,489
Provident Funding Mortgage Trust 2021-J1
Series FLT, 2.000%, due 10/25/51, Callable: 02/25/43 (b)(g)		200,000		104,568
PSMC 2020-3 Trust
Series 2020-3, 3.000%, due 11/25/50, Callable: 07/25/45 (b)(g)		64,872		53,319
Sequoia Mortgage Trust 2013-3
Series 2013-3, 2.500%, due 03/25/43, Callable: 03/25/25 (g)		77,206		62,864
Sequoia Mortgage Trust 2019-CH2
Series 2019-CH2, 4.500%, due 08/25/49, Callable: 11/25/23 (b)(g)		1,337		1,293
Sequoia Mortgage Trust 2019-CH3
Series 2019-CH3, 4.000%, due 09/25/49, Callable: 02/25/35 (b)(g)		5,743		5,157
Sequoia Mortgage Trust 2020-4
Series 2020-4, 2.500%, due 11/25/50, Callable: 01/25/47 (b)(g)		200,000		128,857
Sequoia Mortgage Trust 2021-1
Series A-7, 2.500%, due 03/25/51, Callable: 08/25/46 (b)(g)		400,000		244,675
SLG Office Trust 2021-OVA
Series 2021-OVA, 2.585%, due 07/15/41 (b)		220,000		170,982
Wells Fargo Commercial Mortgage Trust 2021-FCMT
Series A, 6.649%, due 05/15/31 (1 Month SOFR Rate + 1.314%) (b)(h)		100,000		95,728
Wells Fargo Mortgage Backed Securities 2020-RR1 Trust
Series A-1, 3.000%, due 05/25/50, Callable: 12/25/27 (b)(g)		92,746		75,643
WFRBS Commercial Mortgage Trust 2014-C21
Series 2014-C21, 4.213%, due 08/15/47, Callable: 08/15/24 (g)		207,000		191,189
Total Non-Agency Mortgage-Backed Obligations (Cost $6,555,283)				5,495,168
NON-AGENCY MORTGAGE-BACKED OBLIGATION INTEREST-ONLY STRIPS - 0.1%
BANK 2020-BNK30
Series 2020-BNK30, 1.302%, due 12/15/53 (g)		968,256		62,158
Benchmark 2020-B19 Mortgage Trust
Series 2020-B19, 1.766%, due 09/15/53, Callable: 10/15/30 (g)		990,741		67,844
DBJPM 20-C9 Mortgage Trust
Series 2020-C9, 1.706%, due 09/15/53, Callable: 06/15/30 (g)		785,022		46,208
Total Non-Agency Mortgage-Backed Obligations Interest-Only Strips (Cost $273,488)				176,210
ASSET-BACKED SECURITIES - 1.8%
ACHV ABS TRUST 2023-1PL
Series 2023-1PL, 6.420%, due 03/18/30, Callable: Currently (b)		15,525		15,530
American Airlines 2015-2 Class AA Pass Through Trust
Series 2015-2, 3.600%, due 03/22/29		83,812		77,023
American Airlines 2016-1 Class AA Pass Through Trust
Series 2016-1, 3.575%, due 01/15/28		7,336		6,729
American Airlines 2016-2 Class AA Pass Through Trust
Series 2016-2, 3.200%, due 06/15/28		32,759		29,455
AmeriCredit Automobile Receivables Trust 2021-2
Series TR, 1.010%, due 01/19/27, Callable: 10/18/25		100,000		92,082
Beacon Container Finance II LLC
Series NT, 2.250%, due 10/22/46, Callable: 11/20/23 (b)		80,833		68,938
Carmax Auto Owner Trust 2023-3
Series B, 5.470%, due 02/15/29, Callable: 10/15/26		150,000		148,052
CLI Funding VIII LLC
Series LLC, 2.720%, due 01/18/47, Callable: 01/18/24 (b)		64,360		54,491
CNH Equipment Trust 2023-A
Series 2023-A, 4.770%, due 10/15/30, Callable: 08/15/27		300,000		291,451
Commonbond Student Loan Trust 2018-C-GS
Series A-1, 3.870%, due 02/25/46, Callable: Currently (b)		79,864		76,138
FedEx Corp 2020-1 Class AA Pass Through Trust
Series 2020-1AA, 1.875%, due 02/20/34		225,008		178,298
GM Financial Consumer Automobile Receivables Trust 2023-1
Series B, 5.030%, due 09/18/28, Callable: 10/16/26		200,000		194,334
Harley-Davidson Motorcycle Trust 2023-B
Series A-4, 5.780%, due 04/15/31, Callable: 05/15/27		150,000		149,552
Kubota Credit Owner Trust 2023-1
Series A-3, 5.020%, due 06/15/27, Callable: 11/15/26 (b)		100,000		98,489
Laurel Road Prime Student Loan Trust 2020-A
Series 1.40000, 1.400%, due 11/25/50, Callable: 10/25/28 (b)		135,418		119,238
Loanpal Solar Loan 2020-2 Ltd.
Series A, 2.750%, due 07/20/47, Callable: 05/20/36 (b)		190,948		145,290
Marlette Funding Trust 2021-1
Series C, 1.410%, due 06/16/31, Callable: 03/15/25 (b)		131,656		129,987
Mosaic Solar Loan Trust 2020-2
Series 2020-2, 1.440%, due 08/20/46, Callable: 09/20/30 (b)		77,618		63,256
Mosaic Solar Loans 2017-2 LLC
Series 2017-2, 3.820%, due 06/22/43, Callable: 06/20/29 (b)		266,000		239,863
Navient Private Education Refi Loan Trust 2020-G
Series A, 1.170%, due 09/16/69, Callable: 07/15/27 (b)		96,334		84,774
Navient Private Education Refi Loan Trust 2021-A
Series A, 0.840%, due 05/15/69, Callable: 04/15/28 (b)		59,346		51,209
Navient Private Education Refi Loan Trust 2023-A
Series A, 5.510%, due 10/15/71, Callable: 10/15/32 (b)		191,549		188,902
OneMain Financial Issuance Trust 2023-1
Series A, 5.500%, due 06/14/38, Callable: 06/14/28 (b)		150,000		146,093
Oscar US Funding XII LLC
Series 2021-12, 1.000%, due 04/10/28, Callable: 02/10/25 (b)		200,000		188,962
PFS Financing Corp.
Series 2021-A, 0.710%, due 04/15/26, Callable: Currently (b)		100,000		97,230
Santander Consumer Auto Receivables Trust 2021-A
Series 2021-A, 1.030%, due 11/16/26, Callable: 09/15/25 (b)		150,000		139,170
Santander Drive Auto Receivables Trust 2021-2
Series C, 0.900%, due 06/15/26, Callable: 03/15/25		35,297		34,974
SMB Private Education Loan Trust 2020-PTB
Series 1.60000, 1.600%, due 09/15/54, Callable: Currently (b)		185,901		161,885
SoFi Consumer Loan Program 2023-1S Trust
Series 2023-1S, 5.810%, due 05/15/31, Callable: 10/15/25 (b)		54,288		54,209
Sofi Professional Loan Program 2018-B Trust
Series 3.34000, 3.340%, due 08/25/47, Callable: 09/25/25 (b)		43,574		42,170
Sunnova Helios IV Issuer LLC
Series A, 2.980%, due 06/20/47, Callable: 06/20/27 (b)		213,808		188,226
Vivint Solar Financing VII LLC
Series LLC, 2.210%, due 07/31/51 (b)		174,101		136,772
Volvo Financial Equipment LLC Series 2020-1
Series A-4, 0.600%, due 03/15/28, Callable: 06/15/24 (b)		150,000		146,118
Total Asset-Backed Securities  (Cost $4,183,230)				3,838,890
COLLATERALIZED LOAN OBLIGATIONS - 2.1%
AB BSL CLO 4 Ltd.
Series 2023-4, 7.416%, due 04/20/36, Callable: 04/20/25 (3 Month SOFR Rate + 2.000%) (b)(h)		250,000		250,451
Apidos CLO XXIII
Series XXIII, 6.875%, due 04/15/33, Callable: 10/15/23 (3 Month SOFR Rate + 1.482%) (b)(h)		400,000		398,008
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd.
Series B, 7.049%, due 05/15/36, Callable: 12/15/23 (1 Month SOFR Rate + 1.714%) (b)(h)		450,000		436,017
Betony CLO 2 Ltd.
Series 2018, 6.732%, due 04/30/31, Callable: 10/30/23 (3 Month SOFR Rate + 1.342%) (b)(h)		245,781		245,349
CARLYLE US CLO 2021-1 Ltd.
Series LTD, 6.795%, due 04/15/34, Callable: 10/15/23 (3 Month SOFR Rate + 1.402%) (b)(h)		250,000		248,504
Madison Park Funding XXI Ltd.
Series FLT, 7.055%, due 10/15/32, Callable: 10/15/23 (3 Month SOFR Rate + 1.662%) (b)(h)		250,000		246,901
Marble Point CLO XIV Ltd.
Series FLT, 6.957%, due 01/20/32, Callable: 10/20/23 (3 Month SOFR Rate + 1.542%) (b)(h)		490,000		487,189
MF1 2021-FL7 Ltd.
Series 2021-FL7, 7.499%, due 10/16/36, Callable: 10/16/23 (1 Month SOFR Rate + 2.164%) (b)(d)(h)		200,000		190,000
Neuberger Berman Loan Advisers CLO 34 Ltd.
Series FLT, 6.656%, due 01/20/35, Callable: 10/20/23 (3 Month SOFR Rate + 1.240%) (b)(h)		250,000		248,378
Oaktree CLO 2019-1 Ltd.
Series 2019-1R, 6.784%, due 04/22/30, Callable: 10/22/23 (3 Month SOFR Rate + 1.372%) (b)(h)		250,000		247,783
Octagon Investment Partners 48 Ltd.
Series A-R, 6.827%, due 10/20/34, Callable: 10/20/23 (3 Month SOFR Rate + 1.412%) (b)(h)		400,000		396,126
Palmer Square CLO 2019-1 Ltd.
Series 2019-1R, 6.781%, due 11/14/34, Callable: 11/14/23 (3 Month SOFR Rate + 1.412%) (b)(h)		250,000		249,222
Ready Capital Mortgage Financing 2021-FL5 LLC
Series 2021-FL5, 7.189%, due 04/25/38, Callable: 03/25/24 (1 Month SOFR Rate + 1.864%) (b)(h)		400,000		391,173
TCI-Symphony CLO 2016-1 Ltd.
Series FLT, 6.675%, due 10/13/32, Callable: 10/13/23 (3 Month SOFR Rate + 1.282%) (b)(h)		500,000		497,019
Total Collateralized Loan Obligations  (Cost $4,574,083)				4,532,120
CORPORATE BONDS - 4.3%
Bermuda - 0.0% (f)
Triton Container International Ltd.
2.050%, due 04/15/26, Callable: 03/15/26 (b)		114,000		101,824
Britain - 0.2%
HSBC Holdings PLC
2.206%, due 08/17/29, Callable: 08/17/28 (SOFR Rate + 1.285%) (h)		200,000		164,949
Royalty Pharma PLC
1.200%, due 09/02/25, Callable: 08/02/25		64,000		58,075
1.750%, due 09/02/27, Callable: 07/02/27		178,000		151,864
2.200%, due 09/02/30, Callable: 06/02/30		70,000		54,390
				429,278
Canada - 0.2%
Enbridge, Inc.
1.600%, due 10/04/26, Callable: 09/04/26		114,000		101,287
Nutrien Ltd.
5.950%, due 11/07/25		98,000		97,946
Royal Bank of Canada
1.200%, due 04/27/26		91,000		81,158
The Bank of Nova Scotia
2.700%, due 08/03/26		111,000		102,019
				382,410
France - 0.1%
BNP Paribas SA
2.819%, due 11/19/25, Callable: 11/19/24 (3 Month SOFR Rate + 1.373%) (b)(h)		200,000		191,927
Japan - 0.0% (f)
Sumitomo Mitsui Trust Bank Ltd.
2.800%, due 03/10/27 (b)		71,000		64,300
United States - 3.8%
AbbVie, Inc.
3.800%, due 03/15/25, Callable: 12/15/24		128,000		124,320
Amazon.com, Inc.
1.500%, due 06/03/30, Callable: 03/03/30		108,000		85,286
Ameren Illinois Co.
3.800%, due 05/15/28, Callable: 02/15/28		80,000		75,188
American Express Co.
2.250%, due 03/04/25, Callable: 02/01/25		69,000		65,559
American Honda Finance Corp.
1.200%, due 07/08/25		74,000		68,508
American International Group, Inc.
3.900%, due 04/01/26, Callable: 01/01/26		30,000		28,651
Amgen, Inc.
3.200%, due 11/02/27, Callable: 08/02/27		117,000		107,347
Apple, Inc.
1.200%, due 02/08/28, Callable: 12/08/27		91,000		77,553
AT&T, Inc.
2.250%, due 02/01/32, Callable: 11/01/31		146,000		109,582
Bank of America Corp.
4.000%, due 01/22/25		75,000		73,048
0.976%, due 04/22/25, Callable: 04/22/24 (SOFR Rate + 0.690%) (h)		196,000		189,930
1.734%, due 07/22/27, Callable: 07/22/26 (SOFR Rate + 0.960%) (h)		325,000		287,548
3.593%, due 07/21/28, Callable: 07/21/27 (3 Month SOFR Rate + 1.632%) (h)		49,000		44,736
3.419%, due 12/20/28, Callable: 12/20/27 (3 Month SOFR Rate + 1.302%) (h)		18,000		16,064
2.592%, due 04/29/31, Callable: 04/29/30 (SOFR Rate + 2.150%) (h)		177,000		142,379
Blackstone Holdings Finance Co. LLC
1.625%, due 08/05/28, Callable: 06/05/28 (b)		104,000		85,212
2.500%, due 01/10/30, Callable: 10/10/29 (b)		44,000		35,554
Broadcom, Inc.
3.459%, due 09/15/26, Callable: 07/15/26		71,000		66,584
2.450%, due 02/15/31, Callable: 11/15/30 (b)		62,000		48,272
Capital One Financial Corp.
1.878%, due 11/02/27, Callable: 11/02/26 (SOFR + 0.855%) (h)		97,000		84,531
Carrier Global Corp.
2.722%, due 02/15/30, Callable: 11/15/29		145,000		121,013
Caterpillar Financial Services Corp.
3.250%, due 12/01/24		95,000		92,566
Citigroup, Inc.
0.981%, due 05/01/25, Callable: 05/01/24 (SOFR Rate + 0.669%) (h)		137,000		132,310
CVS Health Corp.
3.875%, due 07/20/25, Callable: 04/20/25		247,000		238,649
1.750%, due 08/21/30, Callable: 05/21/30		146,000		112,110
Duke Energy Corp.
3.150%, due 08/15/27, Callable: 05/15/27		143,000		130,586
Ecolab, Inc.
4.800%, due 03/24/30, Callable: 12/24/29		64,000		62,239
Entergy Corp.
0.900%, due 09/15/25, Callable: 08/15/25		101,000		91,721
Enterprise Products Operating LLC
2.800%, due 01/31/30, Callable: 10/31/29		73,000		61,907
Equinix, Inc.
1.250%, due 07/15/25, Callable: 06/15/25		133,000		122,324
2.900%, due 11/18/26, Callable: 09/18/26		73,000		67,008
Fidelity National Information Services, Inc.
4.700%, due 07/15/27, Callable: 06/15/27		104,000		100,942
Fiserv, Inc.
3.850%, due 06/01/25, Callable: 03/01/25		55,000		53,225
5.450%, due 03/02/28, Callable: 02/02/28		101,000		100,177
Global Payments, Inc.
1.200%, due 03/01/26, Callable: 02/01/26		61,000		54,416
HCA, Inc.
4.125%, due 06/15/29, Callable: 03/15/29		103,000		93,086
Intel Corp.
3.700%, due 07/29/25, Callable: 04/29/25		34,000		32,907
JPMorgan Chase & Co.
1.470%, due 09/22/27, Callable: 09/22/26 (SOFR Rate + 0.765%) (h)		165,000		144,360
2.947%, due 02/24/28, Callable: 02/24/27 (SOFR Rate + 1.170%) (h)		81,000		73,426
2.069%, due 06/01/29, Callable: 06/01/28 (SOFR Rate + 1.015%) (h)		54,000		45,503
1.953%, due 02/04/32, Callable: 02/04/31 (SOFR Rate + 1.065%) (h)		20,000		15,229
2.580%, due 04/22/32, Callable: 04/22/31 (3 Month SOFR Rate + 1.250%) (h)		73,000		57,881
Keurig Dr Pepper, Inc.
4.417%, due 05/25/25, Callable: 03/25/25		17,000		16,640
Kinder Morgan, Inc.
1.750%, due 11/15/26, Callable: 10/15/26		76,000		67,640
Kite Realty Group LP
4.000%, due 10/01/26, Callable: 07/01/26		78,000		70,926
Lowe's Cos., Inc.
3.350%, due 04/01/27, Callable: 03/01/27		71,000		66,092
Meta Platforms, Inc.
3.500%, due 08/15/27, Callable: 07/15/27		20,000		18,861
3.850%, due 08/15/32, Callable: 05/15/32		29,000		25,642
Morgan Stanley
1.164%, due 10/21/25, Callable: 10/21/24 (SOFR Rate + 0.560%) (h)		101,000		95,099
2.188%, due 04/28/26, Callable: 04/28/25 (SOFR Rate + 1.990%) (h)		235,000		220,776
1.593%, due 05/04/27, Callable: 05/04/26 (SOFR Rate + 0.879%) (h)		183,000		161,888
1.512%, due 07/20/27, Callable: 07/20/26 (SOFR Rate + 0.858%) (h)		122,000		107,419
2.239%, due 07/21/32, Callable: 07/21/31 (SOFR Rate + 1.178%) (h)		37,000		27,903
6.342%, due 10/18/33, Callable: 10/18/32 (SOFR Rate + 2.560%) (h)		105,000		105,616
5.297%, due 04/20/37, Callable: 04/20/32 (SOFR Rate + 2.620%) (h)		9,000		8,043
5.948%, due 01/19/38, Callable: 01/19/33 (5 Year CMT Rate + 2.430%) (h)		2,000		1,877
MPLX LP
4.875%, due 12/01/24, Callable: 09/01/24		74,000		73,005
2.650%, due 08/15/30, Callable: 05/15/30		32,000		25,869
Nestle Holdings, Inc.
5.250%, due 03/13/26 (b)		150,000		149,651
NextEra Energy Capital Holdings, Inc.
4.625%, due 07/15/27, Callable: 06/15/27		103,000		99,324
Nucor Corp.
4.300%, due 05/23/27, Callable: 04/23/27		69,000		66,190
Oracle Corp.
3.250%, due 11/15/27, Callable: 08/15/27		109,000		99,170
2.950%, due 04/01/30, Callable: 01/01/30		211,000		178,028
O'Reilly Automotive, Inc.
3.600%, due 09/01/27, Callable: 06/01/27		146,000		136,218
Ovintiv, Inc.
5.375%, due 01/01/26, Callable: 10/01/25		101,000		99,485
Parker-Hannifin Corp.
4.250%, due 09/15/27, Callable: 08/15/27		102,000		97,360
PepsiCo, Inc.
2.625%, due 07/29/29, Callable: 04/29/29		84,000		73,655
Phillips 66
0.900%, due 02/15/24, Callable: 10/16/23		71,000		69,683
Plains All American Pipeline LP
4.650%, due 10/15/25, Callable: 07/15/25		101,000		98,122
PPG Industries, Inc.
1.200%, due 03/15/26, Callable: 02/15/26		113,000		101,509
Realty Income Corp.
3.250%, due 01/15/31, Callable: 10/15/30		120,000		100,977
Ross Stores, Inc.
4.600%, due 04/15/25, Callable: 03/15/25		120,000		117,649
RTX Corp.
3.200%, due 03/15/24, Callable: 01/15/24		92,000		90,810
Sabine Pass Liquefaction LLC
5.000%, due 03/15/27, Callable: 09/15/26		57,000		55,279
Sierra Pacific Power Co.
2.600%, due 05/01/26, Callable: 02/01/26		128,000		118,904
Southwestern Electric Power Co.
1.650%, due 03/15/26, Callable: 02/15/26		91,000		82,531
Steel Dynamics, Inc.
1.650%, due 10/15/27, Callable: 08/15/27		73,000		62,300
The AES Corp.
1.375%, due 01/15/26, Callable: 12/15/25		71,000		63,714
The Boeing Co.
4.875%, due 05/01/25, Callable: 04/01/25		75,000		73,746
The Goldman Sachs Group, Inc.
0.855%, due 02/12/26, Callable: 02/12/25 (SOFR Rate + 0.609%) (h)		91,000		84,172
The Home Depot, Inc.
1.500%, due 09/15/28, Callable: 07/15/28		103,000		86,529
The Walt Disney Co.
2.000%, due 09/01/29, Callable: 06/01/29		72,000		59,525
T-Mobile USA, Inc.
2.250%, due 02/15/26, Callable: 10/10/23		126,000		115,986
3.750%, due 04/15/27, Callable: 02/15/27		57,000		53,219
Trans-Allegheny Interstate Line Co.
3.850%, due 06/01/25, Callable: 03/01/25 (b)		108,000		104,341
United Airlines 2014-2 Class A Pass Through Trust
Series A, 3.750%, due 09/03/26		-		-
US Bancorp
4.548%, due 07/22/28, Callable: 07/22/27 (SOFR Rate + 1.660%) (h)		42,000		39,409
Verizon Communications, Inc.
2.100%, due 03/22/28, Callable: 01/22/28		73,000		62,564
2.355%, due 03/15/32, Callable: 12/15/31		160,000		121,736
Vmware, Inc.
1.000%, due 08/15/24, Callable: 10/10/23		95,000		91,005
Walmart, Inc.
1.050%, due 09/17/26, Callable: 08/17/26		105,000		93,647
WEC Energy Group, Inc.
5.150%, due 10/01/27, Callable: 09/01/27		66,000		65,021
Wells Fargo & Co.
2.164%, due 02/11/26, Callable: 02/11/25 (3 Month SOFR Rate + 1.012%)  (h)		40,000		37,783
4.540%, due 08/15/26, Callable: 08/15/25 (SOFR Rate + 1.560%)  (h)		48,000		46,591
3.526%, due 03/24/28, Callable: 03/24/27 (SOFR Rate + 1.510%)  (h)		44,000		40,252
				8,048,818
Total Corporate Bonds (Cost $10,059,020)				9,218,557
AFFILIATED REGISTERED INVESTMENT COMPANIES - 3.2%
Voya VACS Series EMHCD Fund		128		1,252
Voya VACS Series HYB Fund		89,535		884,611
Voya VACS Series SC Fund		586,359		5,928,085
Total Affiliated Registered Investment Companies  (Cost $7,185,336)				6,813,948
Total Investments at Value - 93.9% (Cost $185,020,720)				199,109,566
Other Assets in Excess of Liabilities - 6.1%				12,830,041
Net Assets - 100.0%			$	211,939,607

Percentages are stated as a percent of net assets.
(a)	Non-income producing security.
(b)	Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other ‘‘qualified institutional buyers.’’ As of September 30, 2023, the value of these investments was $18,546,655, or 8.8% of total net assets.
(c)	This security or a partial position of this security is on loan at September 30, 2023. The total fair value of securities on loan at September 30, 2023 was $2,598,658.
(d)	Illiquid security. The total value of such securities is $223,212 as of September 30, 2023, representing 0.1% of net assets.
(e)	Level 3 security. Security has been valued at fair value by the valuation designee. The total value of such securities is $33,212 as of September 30, 2023, representing 0.0% of net assets.
(f)	Represents less than 0.1%
(g)	Variable rate security. The coupon is based on an underlying pool of loans. The rate listed is as of September 30,2023.
(h)	Variable rate security based on a reference index and spread. The rate listed is as of September 30, 2023.
The Accompanying Footnotes are an Integral Part of this Schedule of Investments.

WILSHIRE INTERNATIONAL EQUITY FUND

SCHEDULE OF FUTURES CONTRACTS

September 30, 2023 (Unaudited)

						Value/
				Notional		Unrealized
FUTURES CONTRACTS SOLD SHORT	Contracts		Expiration Date	Amount		Appreciation
2-Year U.S. Treasury Note Future		6	12/29/2023	$	1,196,192	$	2,942
5-Year U.S. Treasury Note Future		29	12/29/2023		2,832,985		26,226
10-Year U.S. Treasury Note Future		13	12/19/2023		1,264,750		26,684
U.S. Treasury Long Bond Future		11	12/19/2023		1,022,048		68,984
Ultra 10-Year U.S. Treasury Bond Future		8	12/19/2023		728,012		26,921
Ultra Long-Term U.S. Treasury Bond Future		6	12/19/2023		437,319		52,314
Total Futures Contracts Sold Short				$	7,481,306	$	204,071
The average monthly notional amount of futures contracts sold short for Wilshire International Equity Fund during the nine months
ended September 30, 2023 was $7,971,664.

WILSHIRE INTERNATIONAL EQUITY FUND
SCHEDULE OF TOTAL RETURN SWAPS
September 30, 2023 (Unaudited)
		Pay/Receive
		Total Return							Value/
	Reference	on Reference	Financing	Maturity	Payment			Notional	Unrealized
Counterparty	Entity	Entity	Rate	Date	Frequency	Shares		Amount	Appreciation
Goldman Sachs Bank, USA	MSCI Emerging Markets Total Return Index	Receive	(U.S. Federal Funds Rate + 0.200%)	12/04/2023	At Maturity	25,623	$	12,680,925	$               1,179,779
Morgan Stanley Capital	MSCI EAFE Total Return Index	Receive	(U.S. Federal Funds Rate + 0.070%)	12/04/2023	Monthly	4,336		30,565,956	4,830,901
Total Return Swaps									$               6,010,680

The average monthly notional amount of total return swaps for Wilshire International Equity Fund during the nine months ended September 30, 2023 was $44,259,063.

WILSHIRE INTERNATIONAL EQUITY FUND

NOTES TO SCHEDULE OF INVESTMENTS

September 30, 2023 (Unaudited)

1. Securities Valuation

 Securities listed or traded on U.S. exchanges, including options, futures, swaptions and swap contracts, are valued at the last sales price on the exchange where they are principally traded. In the absence of a current quotation, a security is valued at the mean between the last bid and asked prices on that exchange. Securities quoted on the National Association of Securities Dealers Automatic Quotation (NASDAQ) System, for which there have been sales, are valued at the NASDAQ official closing price. If there are no such sales, a security is valued at the mean between the last bid and ask prices. Securities traded over-the-counter (other than on NASDAQ) are valued at the last current sale price; and if there are no such sales, a security is valued at the mean between the last bid and ask prices. Debt securities are typically valued at an evaluated bid price by a third-party pricing agent employing methodologies that utilize actual market transactions, broker-supplied valuations, or other inputs designed to identify the market value for such securities. Third-party pricing agents often utilize proprietary models that are subjective and require the use of judgment and the application of various assumptions including, but not limited to, interest rates, prepayment speeds, and default rate assumptions. Debt securities that have a remaining maturity of 60 days or less are valued at prices supplied by the Portfolios’ pricing agent for such securities, if available. Otherwise such securities are valued at amortized cost if the Pricing Committee of Wilshire Advisors LLC (the “Adviser”) it approximates fair value. Equity securities primarily traded on a foreign exchange are typically valued daily at a price as provided by an independent pricing service, which is an estimate of the fair value price.

Foreign currency contracts, including forward contracts, are valued at the applicable translation rates as supplied by the third-party pricing vendor. In the event market quotations are not readily available, such securities are valued at fair value according to procedures adopted by the Board of Directors (the “Board”) or as determined in good faith by the Adviser’s Pricing Committee, whose members include at least two representatives of the Adviser, one of whom is an officer of the Company. The Adviser has been named the valuation designee to implement the daily pricing and fair valuation procedures of the Portfolios. Fair value is defined as the amount the owner of a security might reasonably expect to receive upon a current sale. Securities whose value does not reflect fair value because a significant valuation event has occurred may be valued at fair value by the Pricing Committee in accordance with the Company’s valuation procedures. Significant events may include, but are not limited to, the following: significant fluctuations in domestic markets, foreign markets or foreign currencies; occurrences not directly tied to the securities markets such as natural disasters, armed conflicts or significant governmental actions; and major announcements affecting a single issuer or an entire market or market sector. The value of fair valued securities may be different from the last sale price (or the mean between the last bid and asked prices), and there is no guarantee that a fair valued security will be sold at the price at which a Portfolio is carrying the security.

Wilshire International Equity Fund uses a third-party pricing agent who provides a daily fair value for foreign securities. In the event that the Adviser believes that the fair values provided are not reliable, the Adviser may request that a meeting of the Pricing Committee be held.

In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the Portfolios disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The guidance establishes three levels of the fair value hierarchy as follows:

● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Portfolios have the ability to access at the measurement date;
● Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, etc.); and
● Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. During the period ended September 30, 2023, there have been no significant changes to the Portfolio's fair value methodologies.

The following is a summary of the inputs used to value the Portfolio's investments as of September 30, 2023:

Wilshire International Equity Fund	Level 1		Level 2		Level 3			Total
Common Stocks . . . . . . . . . . . . . . . . . . . . . . .
Australia . . . . . . . . . . . . . . . . . . . . . . .	$	1,652,481	$	3,582,261	$	-		$	5,234,742
Austria . . . . . . . . . . . . . . . . . . . . . . .		23,719		352,592		-			376,311
Belgium . . . . . . . . . . . . . . . . . . . . . . .		-		273,181		-			273,181
Bermuda . . . . . . . . . . . . . . . . . . . . . . .		1,377,389		-		-			1,377,389
Brazil . . . . . . . . . . . . . . . . . . . . . . .		1,879,384		-		-			1,879,384
Britain . . . . . . . . . . . . . . . . . . . . . . .		71,050		18,085,729		-			18,156,779
Canada . . . . . . . . . . . . . . . . . . . . . . .		10,163,257		-		-	*		10,163,257
Chile . . . . . . . . . . . . . . . . . . . . . . .		112,786		-		-			112,786
China . . . . . . . . . . . . . . . . . . . . . . .		877,868		6,098,951		-			6,976,819
Colombia . . . . . . . . . . . . . . . . . . . . . . .		395		-		-			395
Czech Republic . . . . . . . . . . . . . . . . . . . . . . .		-		39,259		-			39,259
Denmark . . . . . . . . . . . . . . . . . . . . . . .		-		6,335,028		-			6,335,028
Egypt . . . . . . . . . . . . . . . . . . . . . . .		58,444		56,517		-			114,961
Finland . . . . . . . . . . . . . . . . . . . . . . .		-		2,064,785		-			2,064,785
France . . . . . . . . . . . . . . . . . . . . . . .		-		12,253,893		-			12,253,893
Georgia . . . . . . . . . . . . . . . . . . . . . . .		-		44,327		-			44,327
Germany . . . . . . . . . . . . . . . . . . . . . . .		49,387		6,892,895		-			6,942,282
Greece . . . . . . . . . . . . . . . . . . . . . . .		32,845		147,624		-	*		180,469
Hong Kong . . . . . . . . . . . . . . . . . . . . . . .		65,036		2,858,574		-			2,923,610
Hungary . . . . . . . . . . . . . . . . . . . . . . .		-		432,769		-			432,769
India . . . . . . . . . . . . . . . . . . . . . . .		1,335,569		4,066,425		-			5,401,994
Indonesia . . . . . . . . . . . . . . . . . . . . . . .		-		676,641		-			676,641
Ireland . . . . . . . . . . . . . . . . . . . . . . .		3,140,334		1,894,493		-			5,034,827
Israel . . . . . . . . . . . . . . . . . . . . . . .		252,326		334,744		-			587,070
Italy . . . . . . . . . . . . . . . . . . . . . . .		-		4,814,566		-			4,814,566
Japan . . . . . . . . . . . . . . . . . . . . . . .		481,367		20,273,526		-			20,754,893
Jersey . . . . . . . . . . . . . . . . . . . . . . .		-		32,509		-			32,509
Luxembourg . . . . . . . . . . . . . . . . . . . . . . .		-		1,116,532		-			1,116,532
Malaysia . . . . . . . . . . . . . . . . . . . . . . .		-		512,896		-			512,896
Mauritius . . . . . . . . . . . . . . . . . . . . . . .		-		79,680		-			79,680
Mexico . . . . . . . . . . . . . . . . . . . . . . .		711,836		-		-			711,836
Netherlands . . . . . . . . . . . . . . . . . . . . . . .		1,165,547		7,298,965		-			8,464,512
New Zealand . . . . . . . . . . . . . . . . . . . . . . .		-		245,662		-			245,662
Norway . . . . . . . . . . . . . . . . . . . . . . .		-		792,921		-			792,921
Peru . . . . . . . . . . . . . . . . . . . . . . .		15,665		-		-			15,665
Philippines . . . . . . . . . . . . . . . . . . . . . . .		-		327,379		-			327,379
Poland . . . . . . . . . . . . . . . . . . . . . . .		-		287,310		-			287,310
Portugal . . . . . . . . . . . . . . . . . . . . . . .		-		207,530		-			207,530
Russia . . . . . . . . . . . . . . . . . . . . . . .		-		-		-	*		-
Saudi Arabia . . . . . . . . . . . . . . . . . . . . . . .		-		223,628		-			223,628
Singapore . . . . . . . . . . . . . . . . . . . . . . .		-		1,131,694		-			1,131,694
South Africa . . . . . . . . . . . . . . . . . . . . . . .		20,858		814,212		-			835,070
South Korea . . . . . . . . . . . . . . . . . . . . . . .		-		4,510,980		33,212			4,544,192
Spain . . . . . . . . . . . . . . . . . . . . . . .		-		1,945,117		-			1,945,117
Sweden . . . . . . . . . . . . . . . . . . . . . . .		-		4,050,291		-			4,050,291
Switzerland . . . . . . . . . . . . . . . . . . . . . . .		-		9,883,354		-			9,883,354
Taiwan . . . . . . . . . . . . . . . . . . . . . . .		-		6,495,059		-			6,495,059
Thailand . . . . . . . . . . . . . . . . . . . . . . .		-		871,178		-			871,178
Turkey . . . . . . . . . . . . . . . . . . . . . . .		-		733,812		-			733,812
United Arab Emirates . . . . . . . . . . . . . . . . . . . . . . .		28,823		721,443		-			750,266
United States . . . . . . . . . . . . . . . . . . . . . . .		5,625,154		-		-			5,625,154
Uraguay . . . . . . . . . . . . . . . . . . . . . . .		925,552		-		-			925,552
Vietnam . . . . . . . . . . . . . . . . . . . . . . .		-		457,599		-			457,599
Total Common Stocks . . . . . . . . . . . . . . . . . . . . . . .		30,067,072		134,318,531		33,212			164,418,815
Preferred Stocks . . . . . . . . . . . . . . . . . . . . . . .
Brazil . . . . . . . . . . . . . . . . . . . . . . .	$	961,286	$	-	$	-		$	961,286
Chile . . . . . . . . . . . . . . . . . . . . . . .		3,390		-		-			3,390
Colombia . . . . . . . . . . . . . . . . . . . . . . .		19,943		-		-			19,943
Germany . . . . . . . . . . . . . . . . . . . . . . .		-		924,822		-			924,822
Russia . . . . . . . . . . . . . . . . . . . . . . .		-		-		-	*		-
South Korea . . . . . . . . . . . . . . . . . . . . . . .		-		162,110		-			162,110
Total Preferred Stocks . . . . . . . . . . . . . . . . . . . . . . .		984,619		1,086,932		-			2,071,551
U.S. Treasury Obligations . . . . . . . . . . . . . . . .	$	-	$	2,403,269	$	-		$	2,403,269
Agency Mortgage-Backed Obligations
Interest-Only Strips . . . . . . . . . . . . . . . . . .		-		141,038		-			141,038
Non-Agency Mortgage-Backed Obligations . .		-		5,495,168		-			5,495,168
Non-Agency Mortgage-Backed Obligations
Interest-Only Strips . . . . . . . . . . . . . . . . . .		-		176,210		-			176,210
Asset-Backed Securities . . . . . . . . . . . . . . . . .		-		3,838,890		-			3,838,890
Collateralized Loan Obligations . . . . . . . . . . . .		-		4,532,120		-			4,532,120
Corporate Bonds . . . . . . . . . . . . . . . . . . . . . .		-		9,218,557		-			9,218,557
Affiliated Registered Investment Companies . .		6,813,948		-		-			6,813,948
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	37,865,639	$	161,210,715	$	33,212		$	199,109,566
Other Financial Instruments**
Asset
Unrealized appreciation on futures contracts	$	204,071	$	-	$	-		$	204,071
Unrealized appreciation on swap contracts		-		6,010,680		-			6,010,680
Total Assets . . . .  . . .	$	204,071	$	6,010,680	$	-		$	6,214,751
* Includes securities that have been fair valued at $0.
** Other financial instruments are derivative financial instruments not reflected in the Schedules of Investments,
such as futures contracts, swap contracts and forward foreign currency contracts. These contracts are valued
at the unrealized appreciation (depreciation) on the instrument.
Refer to the Fund's Schedule of Investments for a listing of the securities by industry or sector type. Wilshire International Equity Fund held common stocks and preferred stocks that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) totaling $33,212 and $0, respectively. A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments, is only presented when a Portfolio has over 1% of Level 3 investments.

2. Affiliated Investments

Due to Voya managing a portion of Wilshire International Equity Fund during the nine months ended September 30, 2023, certain securities held by the Portfolio are considered

affiliated investments. Purchases and sales of shares of affiliated registered investment companies by Wilshire International Equity Fund during the nine months ended

September 30, 2023 and the value of such investments as of September 30, 2023 were as follows:

Fund	Value as of December 31, 2022		Purchases		Proceeds from Sales			Realized Loss			Change in Unrealized Appreciation (Depreciation)			Value as of September 30, 2023		Income Distribution		Long-Term Capital Gain Distribution
Voya Investment Grade Credit Fund - Class P . .	$	526,708	$	6,354	$	(547,268	)	$	(64,918	)	$	79,124		$	-	$	5,371	$	-
Voya VACS Series EMHCD Fund		680,559		10,817		(698,441	)		(192,511	)		200,828			1,252		4,612		-
Voya VACS Series HYB Fund		836,093		50,703		-			-			(2,185	)		884,611		51,930		-
Voya VACS Series SC Fund		5,536,981		214,342		-			-			176,762			5,928,085		212,382		-
	$	7,580,341	$	282,216	$	(1,245,709	)	$	(257,429	)	$	454,529		$	6,813,948	$	274,295	$	-