The U.S. Large Cap Value
Series
SCHEDULE OF INVESTMENTS
July 31, 2022
(Unaudited)
Shares | Value† | ||||
COMMON STOCKS — (98.3%) | |||||
COMMUNICATION SERVICES — (7.9%) | |||||
Activision Blizzard, Inc. | 914,042 | $73,077,658 | |||
AT&T, Inc. | 21,707,840 | 407,673,235 | |||
# * | Charter Communications, Inc., Class A | 796 | 343,952 | ||
Comcast Corp., Class A | 13,782,625 | 517,124,090 | |||
# * | DISH Network Corp., Class A | 655,458 | 11,385,306 | ||
Electronic Arts, Inc. | 14,953 | 1,962,282 | |||
# | Fox Corp., Class A | 1,012,263 | 33,516,028 | ||
Fox Corp., Class B | 398,625 | 12,317,513 | |||
Interpublic Group of Cos., Inc. | 975,627 | 29,141,979 | |||
# * | Liberty Broadband Corp., Class A | 27,366 | 2,953,612 | ||
* | Liberty Broadband Corp., Class C | 255,397 | 27,820,395 | ||
# * | Liberty Media Corp.-Liberty Formula One, Class A | 39,281 | 2,435,029 | ||
# * | Liberty Media Corp.-Liberty Formula One, Class C | 78,562 | 5,324,147 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class A | 157,126 | 6,261,471 | ||
* | Liberty Media Corp.-Liberty SiriusXM, Class C | 358,516 | 14,276,107 | ||
# | Lumen Technologies, Inc. | 6,413,688 | 69,845,062 | ||
# * | Madison Square Garden Entertainment Corp. | 8,266 | 481,329 | ||
News Corp., Class A | 579,629 | 9,934,841 | |||
News Corp., Class B | 64,856 | 1,120,712 | |||
Omnicom Group, Inc. | 60,652 | 4,235,936 | |||
# | Paramount Global, Class A | 2,909 | 78,659 | ||
# | Paramount Global, Class B | 1,966,931 | 46,517,918 | ||
* | Take-Two Interactive Software, Inc. | 426 | 56,543 | ||
* | T-Mobile U.S., Inc. | 1,375,885 | 196,834,108 | ||
Verizon Communications, Inc. | 8,304,400 | 383,580,236 | |||
* | Walt Disney Co. | 1,959,364 | 207,888,520 | ||
* | Warner Bros Discovery, Inc. | 7,788,847 | 116,832,705 | ||
TOTAL COMMUNICATION SERVICES | 2,183,019,373 | ||||
CONSUMER DISCRETIONARY — (5.8%) | |||||
Advance Auto Parts, Inc. | 260,851 | 50,505,971 | |||
* | Aptiv PLC | 232,008 | 24,335,319 | ||
Aramark | 806,008 | 26,920,667 | |||
# | Autoliv, Inc. | 270,018 | 23,221,548 | ||
BorgWarner, Inc. | 1,106,571 | 42,558,721 | |||
* | Capri Holdings Ltd. | 26,730 | 1,301,216 | ||
# * | CarMax, Inc. | 376,371 | 37,463,969 | ||
# * | Carnival Corp. | 1,380,879 | 12,510,764 | ||
# | Dick's Sporting Goods, Inc. | 20,800 | 1,946,672 | ||
# * | Dollar Tree, Inc. | 570,583 | 94,351,605 | ||
DR Horton, Inc. | 2,564,114 | 200,077,815 | |||
eBay, Inc. | 1,567,485 | 76,226,796 | |||
Ford Motor Co. | 7,664,173 | 112,586,701 | |||
# | Garmin Ltd. | 539,512 | 52,667,161 | ||
* | General Motors Co. | 4,580,910 | 166,103,797 | ||
Gentex Corp. | 998,057 | 28,165,169 | |||
Genuine Parts Co. | 7,025 | 1,073,912 | |||
Hasbro, Inc. | 36,378 | 2,863,676 | |||
* | Hyatt Hotels Corp., Class A | 135,848 | 11,241,422 | ||
Lear Corp. | 354,145 | 53,525,475 | |||
Lennar Corp., Class A | 1,101,303 | 93,610,755 | |||
Lennar Corp., Class B | 37,985 | 2,578,422 | |||
# | Lithia Motors, Inc. | 108,700 | 28,835,936 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
CONSUMER DISCRETIONARY — (Continued) | |||||
LKQ Corp. | 1,704,698 | $93,485,638 | |||
MGM Resorts International | 1,571,958 | 51,450,185 | |||
* | Mohawk Industries, Inc. | 519,973 | 66,806,131 | ||
# | Newell Brands, Inc. | 423,698 | 8,562,937 | ||
PulteGroup, Inc. | 2,158,563 | 94,156,518 | |||
Qurate Retail, Inc., Class A | 63,525 | 173,423 | |||
# | Ralph Lauren Corp. | 234,179 | 23,097,075 | ||
# * | Royal Caribbean Cruises Ltd. | 573,904 | 22,215,824 | ||
Tapestry, Inc. | 359,369 | 12,085,580 | |||
# | Whirlpool Corp. | 486,520 | 84,104,712 | ||
TOTAL CONSUMER DISCRETIONARY | 1,600,811,512 | ||||
CONSUMER STAPLES — (6.3%) | |||||
Archer-Daniels-Midland Co. | 1,132,777 | 93,759,952 | |||
# * | BellRing Brands, Inc. | 100,936 | 2,436,595 | ||
Bunge Ltd. | 586,403 | 54,142,589 | |||
# | Campbell Soup Co. | 75,842 | 3,742,803 | ||
Conagra Brands, Inc. | 713,685 | 24,415,164 | |||
Constellation Brands, Inc., Class A | 304,615 | 75,029,721 | |||
* | Darling Ingredients, Inc. | 496,900 | 34,425,232 | ||
General Mills, Inc. | 2,009,243 | 150,271,284 | |||
Hormel Foods Corp. | 256,836 | 12,672,288 | |||
Ingredion, Inc. | 6,180 | 562,256 | |||
J M Smucker Co. | 656,528 | 86,871,785 | |||
Keurig Dr Pepper, Inc. | 148,700 | 5,760,638 | |||
Kraft Heinz Co. | 921,270 | 33,930,374 | |||
Kroger Co. | 3,344,736 | 155,329,540 | |||
McCormick & Co., Inc. | 34,185 | 2,986,060 | |||
# | Molson Coors Beverage Co., Class B | 452,391 | 27,030,362 | ||
Mondelez International, Inc., Class A | 3,220,563 | 206,244,855 | |||
# * | Pilgrim's Pride Corp. | 6,211 | 194,839 | ||
* | Post Holdings, Inc. | 79,616 | 6,921,815 | ||
# | Seaboard Corp. | 13 | 52,788 | ||
Tyson Foods, Inc., Class A | 1,703,838 | 149,954,782 | |||
* | U.S. Foods Holding Corp. | 810,698 | 25,536,987 | ||
Walgreens Boots Alliance, Inc. | 2,588,255 | 102,546,663 | |||
Walmart, Inc. | 3,565,991 | 470,889,112 | |||
TOTAL CONSUMER STAPLES | 1,725,708,484 | ||||
ENERGY — (13.4%) | |||||
Baker Hughes Co. | 1,064,164 | 27,338,373 | |||
Cabot Oil & Gas Corp. | 966,249 | 29,557,557 | |||
Chevron Corp. | 4,446,899 | 728,313,118 | |||
ConocoPhillips | 5,239,620 | 510,496,176 | |||
# | Continental Resources, Inc. | 7,637 | 526,113 | ||
Devon Energy Corp. | 767,116 | 48,213,241 | |||
Diamondback Energy, Inc. | 7,337 | 939,283 | |||
EOG Resources, Inc. | 1,171,923 | 130,341,276 | |||
Exxon Mobil Corp. | 10,375,424 | 1,005,689,848 | |||
Halliburton Co. | 1,791,236 | 52,483,215 | |||
Hess Corp. | 1,026,523 | 115,453,042 | |||
HF Sinclair Corp. | 392 | 18,745 | |||
Kinder Morgan, Inc. | 4,353,789 | 78,324,664 | |||
Marathon Oil Corp. | 1,065,085 | 26,414,108 | |||
Marathon Petroleum Corp. | 1,362,907 | 124,924,056 | |||
NOV, Inc. | 23,459 | 436,572 | |||
Occidental Petroleum Corp. | 2,402,869 | 157,988,637 | |||
ONEOK, Inc. | 1,043,234 | 62,322,799 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
ENERGY — (Continued) | |||||
Phillips 66 | 938,504 | $83,526,856 | |||
Pioneer Natural Resources Co. | 483,420 | 114,546,369 | |||
Schlumberger NV | 3,067,826 | 113,601,597 | |||
Targa Resources Corp. | 438,261 | 30,288,218 | |||
Valero Energy Corp. | 903,791 | 100,112,929 | |||
Williams Cos., Inc. | 3,732,198 | 127,230,630 | |||
TOTAL ENERGY | 3,669,087,422 | ||||
FINANCIALS — (18.9%) | |||||
Aflac, Inc. | 1,552,844 | 88,977,961 | |||
* | Alleghany Corp. | 32,173 | 26,944,244 | ||
Allstate Corp. | 879,506 | 102,875,817 | |||
Ally Financial, Inc. | 2,802,841 | 92,689,952 | |||
American Financial Group, Inc. | 324,322 | 43,355,365 | |||
American International Group, Inc. | 1,394,312 | 72,183,532 | |||
Apollo Global Management, Inc. | 140,892 | 8,044,933 | |||
* | Arch Capital Group Ltd. | 522,976 | 23,220,134 | ||
Assurant, Inc. | 225,564 | 39,649,640 | |||
Axis Capital Holdings Ltd. | 3,443 | 173,837 | |||
Bank of America Corp. | 8,461,139 | 286,071,076 | |||
Bank of New York Mellon Corp. | 2,367,972 | 102,912,063 | |||
* | Berkshire Hathaway, Inc., Class B | 1,865,663 | 560,818,298 | ||
BOK Financial Corp. | 6,114 | 538,215 | |||
Capital One Financial Corp. | 1,429,435 | 156,994,846 | |||
Charles Schwab Corp. | 3,700 | 255,485 | |||
Chubb Ltd. | 588,566 | 111,027,090 | |||
Citigroup, Inc. | 4,208,258 | 218,408,590 | |||
Citizens Financial Group, Inc. | 925,776 | 35,151,715 | |||
CNA Financial Corp. | 188,355 | 7,990,019 | |||
Comerica, Inc. | 155,103 | 12,062,360 | |||
East West Bancorp, Inc. | 105,524 | 7,574,513 | |||
Equitable Holdings, Inc. | 10,374 | 294,933 | |||
Everest Re Group Ltd. | 89,259 | 23,327,840 | |||
Fidelity National Financial, Inc. | 82,088 | 3,280,237 | |||
Fifth Third Bancorp | 3,707,890 | 126,513,207 | |||
First Horizon Corp. | 75,600 | 1,690,416 | |||
# | Franklin Resources, Inc. | 55,372 | 1,519,961 | ||
Goldman Sachs Group, Inc. | 1,053,078 | 351,085,674 | |||
Hartford Financial Services Group, Inc. | 2,242,221 | 144,555,988 | |||
Huntington Bancshares, Inc. | 3,232,098 | 42,954,582 | |||
Invesco Ltd. | 245,316 | 4,351,906 | |||
Jefferies Financial Group, Inc. | 303,442 | 9,883,106 | |||
JPMorgan Chase & Co. | 7,238,916 | 835,081,350 | |||
KeyCorp | 3,705,439 | 67,809,534 | |||
Lincoln National Corp. | 389,439 | 19,993,798 | |||
Loews Corp. | 912,236 | 53,137,747 | |||
M&T Bank Corp. | 214,257 | 38,019,905 | |||
* | Markel Corp. | 1,271 | 1,648,665 | ||
MetLife, Inc. | 948,349 | 59,983,074 | |||
Morgan Stanley | 2,996,101 | 252,571,314 | |||
Northern Trust Corp. | 7,507 | 749,048 | |||
Old Republic International Corp. | 748,155 | 17,409,567 | |||
PNC Financial Services Group, Inc. | 612,680 | 101,668,119 | |||
# | Principal Financial Group, Inc. | 1,613,709 | 108,021,680 | ||
Prosperity Bancshares, Inc. | 10,200 | 755,718 | |||
Prudential Financial, Inc. | 588,581 | 58,852,214 | |||
Raymond James Financial, Inc. | 2,229 | 219,490 | |||
Regions Financial Corp. | 5,577,353 | 118,128,337 | |||
Reinsurance Group of America, Inc. | 761 | 88,109 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
FINANCIALS — (Continued) | |||||
RenaissanceRe Holdings Ltd. | 3,923 | $507,283 | |||
Signature Bank | 400 | 74,228 | |||
State Street Corp. | 482,583 | 34,282,696 | |||
Synchrony Financial | 1,231,284 | 41,223,388 | |||
Synovus Financial Corp. | 13,039 | 526,515 | |||
Travelers Cos., Inc. | 1,125,528 | 178,621,294 | |||
# | Truist Financial Corp. | 2,889,813 | 145,848,862 | ||
U.S. Bancorp | 1,397,004 | 65,938,589 | |||
Unum Group | 30,296 | 975,228 | |||
Wells Fargo & Co. | 5,634,518 | 247,186,305 | |||
WR Berkley Corp. | 49,857 | 3,117,558 | |||
Zions Bancorp NA | 744,970 | 40,638,114 | |||
TOTAL FINANCIALS | 5,200,455,264 | ||||
HEALTH CARE — (16.5%) | |||||
Abbott Laboratories | 136,878 | 14,897,802 | |||
AbbVie, Inc. | 6,916 | 992,515 | |||
Anthem, Inc. | 786,917 | 375,438,101 | |||
Baxter International, Inc. | 706,909 | 41,467,282 | |||
Becton Dickinson & Co. | 221,382 | 54,085,836 | |||
* | Biogen, Inc. | 485,515 | 104,414,856 | ||
* | Bio-Rad Laboratories, Inc., Class A | 28,609 | 16,114,305 | ||
* | Boston Scientific Corp. | 50,481 | 2,072,245 | ||
Bristol-Myers Squibb Co. | 4,561,315 | 336,533,821 | |||
* | Catalent, Inc. | 24,420 | 2,761,902 | ||
* | Centene Corp. | 1,087,849 | 101,137,322 | ||
* | Change Healthcare, Inc. | 290,410 | 7,048,251 | ||
Cigna Corp. | 1,001,524 | 275,779,649 | |||
Cooper Cos., Inc. | 6,954 | 2,273,958 | |||
CVS Health Corp. | 3,028,918 | 289,806,874 | |||
Danaher Corp. | 939,452 | 273,822,074 | |||
* | DaVita, Inc. | 117,775 | 9,911,944 | ||
DENTSPLY SIRONA, Inc. | 322,766 | 11,671,219 | |||
* | Elanco Animal Health, Inc. | 80,232 | 1,625,500 | ||
# * | Embecta Corp. | 43,883 | 1,291,477 | ||
# * | Envista Holdings Corp. | 11,130 | 452,435 | ||
Gilead Sciences, Inc. | 2,089,863 | 124,869,314 | |||
* | Henry Schein, Inc. | 212,926 | 16,784,957 | ||
* | Hologic, Inc. | 134,359 | 9,590,545 | ||
Humana, Inc. | 442,707 | 213,384,774 | |||
* | Jazz Pharmaceuticals PLC | 216,185 | 33,737,831 | ||
Laboratory Corp. of America Holdings | 714,303 | 187,283,104 | |||
McKesson Corp. | 123,372 | 42,141,408 | |||
Medtronic PLC | 1,794,733 | 166,048,697 | |||
Merck & Co., Inc. | 54,711 | 4,887,881 | |||
# | PerkinElmer, Inc. | 121,202 | 18,564,510 | ||
Perrigo Co. PLC | 16,298 | 682,397 | |||
Pfizer, Inc. | 17,075,357 | 862,476,282 | |||
Quest Diagnostics, Inc. | 947,931 | 129,458,937 | |||
* | Regeneron Pharmaceuticals, Inc. | 147,015 | 85,517,155 | ||
STERIS PLC | 209,232 | 47,213,201 | |||
* | Syneos Health, Inc. | 13,905 | 1,100,442 | ||
# | Teleflex, Inc. | 400 | 96,184 | ||
Thermo Fisher Scientific, Inc. | 758,947 | 454,161,474 | |||
* | United Therapeutics Corp. | 40,188 | 9,286,241 | ||
UnitedHealth Group, Inc. | 5,974 | 3,239,939 | |||
Universal Health Services, Inc., Class B | 541,236 | 60,872,813 | |||
* | Vertex Pharmaceuticals, Inc. | 181,623 | 50,928,905 | ||
Viatris, Inc. | 3,416,293 | 33,103,879 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
HEALTH CARE — (Continued) | |||||
Zimmer Biomet Holdings, Inc. | 367,080 | $40,521,961 | |||
# * | Zimvie, Inc. | 36,708 | 712,869 | ||
TOTAL HEALTH CARE | 4,520,265,068 | ||||
INDUSTRIALS — (12.2%) | |||||
AECOM | 514,989 | 37,079,208 | |||
AGCO Corp. | 370,490 | 40,353,771 | |||
* | Alaska Air Group, Inc. | 3,970 | 175,990 | ||
AMERCO | 84,561 | 45,416,022 | |||
AMETEK, Inc. | 193,136 | 23,852,296 | |||
Arcosa, Inc. | 75,409 | 3,888,088 | |||
* | Builders FirstSource, Inc. | 591,900 | 40,249,200 | ||
* | CACI International, Inc., Class A | 2,200 | 665,038 | ||
Carlisle Cos., Inc. | 344,730 | 102,074,553 | |||
Carrier Global Corp. | 2,108,684 | 85,464,962 | |||
CSX Corp. | 1,802,425 | 58,272,400 | |||
Cummins, Inc. | 544,166 | 120,429,377 | |||
Deere & Co. | 1,688 | 579,288 | |||
* | Delta Air Lines, Inc. | 20,719 | 658,864 | ||
Dover Corp. | 414,398 | 55,396,725 | |||
Eaton Corp. PLC | 1,000,813 | 148,510,641 | |||
Emerson Electric Co. | 244,394 | 22,012,568 | |||
FedEx Corp. | 952,980 | 222,130,108 | |||
# * | Fluor Corp. | 363 | 9,224 | ||
Fortive Corp. | 270,555 | 17,437,270 | |||
Fortune Brands Home & Security, Inc. | 521,389 | 36,330,385 | |||
General Dynamics Corp. | 429,452 | 97,343,885 | |||
General Electric Co. | 666,263 | 49,243,498 | |||
* | GXO Logistics, Inc. | 767,987 | 36,863,376 | ||
Howmet Aerospace, Inc. | 1,598,924 | 59,368,048 | |||
# | Hubbell, Inc. | 31,189 | 6,831,015 | ||
Huntington Ingalls Industries, Inc. | 720 | 156,125 | |||
Ingersoll Rand, Inc. | 798,380 | 39,759,324 | |||
Jacobs Engineering Group, Inc. | 285,488 | 39,197,502 | |||
# * | JetBlue Airways Corp. | 59,076 | 497,420 | ||
Johnson Controls International PLC | 1,549,925 | 83,556,457 | |||
L3Harris Technologies, Inc. | 251,935 | 60,456,842 | |||
Leidos Holdings, Inc. | 736,625 | 78,818,875 | |||
ManpowerGroup, Inc. | 2,452 | 192,261 | |||
# * | MasTec, Inc. | 895 | 70,642 | ||
MDU Resources Group, Inc. | 20,335 | 580,971 | |||
# * | Middleby Corp. | 62,449 | 9,035,746 | ||
Nielsen Holdings PLC | 122,626 | 2,936,893 | |||
Norfolk Southern Corp. | 782,675 | 196,584,480 | |||
Northrop Grumman Corp. | 131,418 | 62,936,080 | |||
nVent Electric PLC | 13,164 | 464,821 | |||
# | Oshkosh Corp. | 2,394 | 206,123 | ||
Otis Worldwide Corp. | 1,228,006 | 95,993,229 | |||
Owens Corning | 522,134 | 48,422,707 | |||
PACCAR, Inc. | 1,006,846 | 92,146,546 | |||
Parker-Hannifin Corp. | 391,133 | 113,072,639 | |||
Pentair PLC | 1,022,156 | 49,973,207 | |||
Quanta Services, Inc. | 681,204 | 94,503,431 | |||
Raytheon Technologies Corp. | 1,985,308 | 185,050,559 | |||
Republic Services, Inc. | 1,835,706 | 254,538,994 | |||
Sensata Technologies Holding PLC | 672,107 | 29,888,598 | |||
Snap-on, Inc. | 314,577 | 70,480,977 | |||
* | Southwest Airlines Co. | 1,308,526 | 49,881,011 | ||
Stanley Black & Decker, Inc. | 768,993 | 74,846,089 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
INDUSTRIALS — (Continued) | |||||
Textron, Inc. | 1,423,066 | $93,410,052 | |||
Trane Technologies PLC | 504,559 | 74,165,127 | |||
* | United Airlines Holdings, Inc. | 715,389 | 26,290,546 | ||
* | United Rentals, Inc. | 246,104 | 79,410,378 | ||
Westinghouse Air Brake Technologies Corp. | 314,577 | 29,403,512 | |||
TOTAL INDUSTRIALS | 3,347,563,964 | ||||
INFORMATION TECHNOLOGY — (8.8%) | |||||
* | Advanced Micro Devices, Inc. | 209,151 | 19,758,495 | ||
* | Akamai Technologies, Inc. | 143,163 | 13,775,144 | ||
Amdocs Ltd. | 720,716 | 62,745,535 | |||
Analog Devices, Inc. | 607,683 | 104,497,169 | |||
* | Arrow Electronics, Inc. | 390,152 | 50,005,782 | ||
Avnet, Inc. | 5,178 | 247,871 | |||
# * | Cerence, Inc. | 658 | 18,536 | ||
* | Ciena Corp. | 76,500 | 3,947,400 | ||
Cisco Systems, Inc. | 270,002 | 12,249,991 | |||
Cognizant Technology Solutions Corp., Class A | 1,614,854 | 109,745,478 | |||
Concentrix Corp. | 94,091 | 12,585,612 | |||
Corning, Inc. | 4,000,592 | 147,061,762 | |||
Dolby Laboratories, Inc., Class A | 16,857 | 1,304,732 | |||
* | DXC Technology Co. | 784,579 | 24,792,696 | ||
* | F5, Inc. | 108 | 18,075 | ||
Fidelity National Information Services, Inc. | 801,387 | 81,869,696 | |||
* | First Solar, Inc. | 1,083 | 107,401 | ||
* | Fiserv, Inc. | 500,034 | 52,843,593 | ||
# * | Flex Ltd. | 1,342,960 | 22,561,728 | ||
Global Payments, Inc. | 246,990 | 30,211,817 | |||
Hewlett Packard Enterprise Co. | 7,368,951 | 104,933,862 | |||
# | HP, Inc. | 9,358,742 | 312,488,395 | ||
Intel Corp. | 12,597,551 | 457,417,077 | |||
International Business Machines Corp. | 195,195 | 25,529,554 | |||
* | IPG Photonics Corp. | 3,170 | 337,859 | ||
Jabil, Inc. | 219,735 | 13,039,075 | |||
Juniper Networks, Inc. | 926,500 | 25,969,795 | |||
* | Kyndryl Holdings, Inc. | 59,502 | 622,986 | ||
Marvell Technology, Inc. | 1,006,912 | 56,064,860 | |||
Microchip Technology, Inc. | 2,564 | 176,557 | |||
Micron Technology, Inc. | 3,804,631 | 235,354,474 | |||
MKS Instruments, Inc. | 1,502 | 177,536 | |||
* | ON Semiconductor Corp. | 1,267,892 | 84,669,828 | ||
* | Qorvo, Inc. | 523,064 | 54,435,270 | ||
Roper Technologies, Inc. | 9,729 | 4,248,362 | |||
* | Salesforce, Inc. | 187,908 | 34,578,830 | ||
Skyworks Solutions, Inc. | 308,879 | 33,630,745 | |||
SS&C Technologies Holdings, Inc. | 383,504 | 22,691,932 | |||
TD SYNNEX Corp. | 94,091 | 9,448,618 | |||
TE Connectivity Ltd. | 987,862 | 132,106,785 | |||
* | Teledyne Technologies, Inc. | 5,448 | 2,132,347 | ||
Vontier Corp. | 23,227 | 599,257 | |||
* | Western Digital Corp. | 1,180,996 | 57,986,904 | ||
Xerox Holdings Corp. | 31,592 | 541,171 | |||
TOTAL INFORMATION TECHNOLOGY | 2,419,530,592 | ||||
MATERIALS — (7.8%) | |||||
Air Products & Chemicals, Inc. | 379,320 | 94,158,604 | |||
# | Albemarle Corp. | 500,961 | 122,389,782 | ||
Alcoa Corp. | 150,835 | 7,675,993 |
The U.S. Large Cap Value Series
CONTINUED
Shares | Value† | ||||
MATERIALS — (Continued) | |||||
Amcor PLC | 1,181,325 | $15,298,159 | |||
# * | Arconic Corp. | 21,469 | 648,578 | ||
Ball Corp. | 644 | 47,282 | |||
Celanese Corp. | 78,858 | 9,266,604 | |||
CF Industries Holdings, Inc. | 609,969 | 58,245,940 | |||
# * | Cleveland-Cliffs, Inc. | 44,668 | 791,070 | ||
Corteva, Inc. | 1,073,383 | 61,773,192 | |||
Dow, Inc. | 2,441,852 | 129,930,945 | |||
DuPont de Nemours, Inc. | 674,802 | 41,318,126 | |||
Eastman Chemical Co. | 841,060 | 80,682,886 | |||
FMC Corp. | 25,480 | 2,830,828 | |||
Freeport-McMoRan, Inc. | 5,156,455 | 162,686,155 | |||
Huntsman Corp. | 8,221 | 238,080 | |||
International Flavors & Fragrances, Inc. | 429,686 | 53,302,548 | |||
# | International Paper Co. | 2,080,600 | 88,987,262 | ||
Linde PLC | 829,880 | 250,623,760 | |||
LyondellBasell Industries NV, Class A | 984,348 | 87,725,094 | |||
Martin Marietta Materials, Inc. | 235,605 | 82,951,808 | |||
Mosaic Co. | 661,903 | 34,855,812 | |||
Newmont Corp. | 2,121,499 | 96,061,475 | |||
# | Nucor Corp. | 1,991,500 | 270,445,700 | ||
Packaging Corp. of America | 118,549 | 16,669,175 | |||
PPG Industries, Inc. | 2,452 | 317,019 | |||
Reliance Steel & Aluminum Co. | 435,518 | 82,857,300 | |||
Royal Gold, Inc. | 6,364 | 666,756 | |||
Sonoco Products Co. | 14,629 | 928,795 | |||
Steel Dynamics, Inc. | 1,692,329 | 131,798,583 | |||
Sylvamo Corp. | 191,403 | 7,510,654 | |||
Valvoline, Inc. | 251,732 | 8,110,805 | |||
Vulcan Materials Co. | 442,249 | 73,117,027 | |||
Westlake Corp. | 372,164 | 36,226,444 | |||
WestRock Co. | 593,589 | 25,144,430 | |||
TOTAL MATERIALS | 2,136,282,671 | ||||
REAL ESTATE — (0.4%) | |||||
* | CBRE Group, Inc., Class A | 936,959 | 80,222,430 | ||
# * | Howard Hughes Corp. | 4,513 | 319,926 | ||
* | Jones Lang LaSalle, Inc. | 217,189 | 41,411,427 | ||
# * | Zillow Group, Inc., Class C | 6,600 | 230,208 | ||
TOTAL REAL ESTATE | 122,183,991 | ||||
UTILITIES — (0.3%) | |||||
NRG Energy, Inc. | 1,169,432 | 44,146,058 | |||
# | Vistra Corp. | 1,084,247 | 28,027,785 | ||
TOTAL UTILITIES | 72,173,843 | ||||
TOTAL COMMON STOCKS Cost ($16,773,643,167) | 26,997,082,184 |
TEMPORARY CASH INVESTMENTS — (0.7%) | ||||
State Street Institutional U.S. Government Money Market Fund 1.880% | 195,657,242 | 195,657,242 | ||
SECURITIES LENDING COLLATERAL — (1.0%) | ||||
@ § | The DFA Short Term Investment Fund | 22,441,936 | 259,585,876 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $17,228,824,804)^^ | $27,452,325,302 |
The U.S. Large Cap Value Series
CONTINUED
† | See Security Valuation Note within the Notes to Schedules of Investments. |
# | Total or Partial Securities on Loan. |
* | Non-Income Producing Securities. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2022, The U.S. Large
Cap Value Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
S&P 500® Emini Index | 882 | 09/16/22 | $179,820,286 | $182,287,350 | $2,467,064 | |||||
Total Futures Contracts | $179,820,286 | $182,287,350 | $2,467,064 |
Summary of the Series' investments
as of July 31, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Communication Services | $2,183,019,373 | — | — | $2,183,019,373 | |||
Consumer Discretionary | 1,600,811,512 | — | — | 1,600,811,512 | |||
Consumer Staples | 1,725,708,484 | — | — | 1,725,708,484 | |||
Energy | 3,669,087,422 | — | — | 3,669,087,422 | |||
Financials | 5,200,455,264 | — | — | 5,200,455,264 | |||
Health Care | 4,520,265,068 | — | — | 4,520,265,068 | |||
Industrials | 3,347,563,964 | — | — | 3,347,563,964 | |||
Information Technology | 2,419,530,592 | — | — | 2,419,530,592 | |||
Materials | 2,136,282,671 | — | — | 2,136,282,671 | |||
Real Estate | 122,183,991 | — | — | 122,183,991 | |||
Utilities | 72,173,843 | — | — | 72,173,843 | |||
Temporary Cash Investments | 195,657,242 | — | — | 195,657,242 | |||
Securities Lending Collateral | — | $259,585,876 | — | 259,585,876 | |||
Futures Contracts** | 2,467,064 | — | — | 2,467,064 | |||
TOTAL | $27,195,206,490 | $259,585,876 | — | $27,454,792,366 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
The DFA International Value
Series
SCHEDULE OF INVESTMENTS
July 31, 2022
(Unaudited)
Shares | Value» | ||||
COMMON STOCKS — (95.7%) | |||||
AUSTRALIA — (7.3%) | |||||
* | AMP Ltd. | 2,083,483 | $1,595,551 | ||
Ansell Ltd. | 38,888 | 713,970 | |||
Aurizon Holdings Ltd. | 8,111,517 | 22,957,990 | |||
Australia & New Zealand Banking Group Ltd. | 6,888,410 | 111,325,390 | |||
Australia & New Zealand Banking Group Ltd. | 459,228 | 7,347,756 | |||
Bank of Queensland Ltd. | 1,687,416 | 8,936,886 | |||
Beach Energy Ltd. | 2,253,826 | 2,904,550 | |||
# | Bendigo & Adelaide Bank Ltd. | 907,070 | 6,582,273 | ||
BlueScope Steel Ltd. | 3,217,376 | 37,792,517 | |||
Challenger Ltd. | 562,114 | 2,776,709 | |||
Cleanaway Waste Management Ltd. | 6,259,807 | 12,059,454 | |||
Downer EDI Ltd. | 2,494,087 | 9,709,870 | |||
Evolution Mining Ltd. | 2,550,344 | 4,711,195 | |||
Fortescue Metals Group Ltd. | 240,333 | 3,092,739 | |||
Harvey Norman Holdings Ltd. | 2,695,782 | 7,866,663 | |||
IGO Ltd. | 379,319 | 2,972,281 | |||
Incitec Pivot Ltd. | 7,095,295 | 18,077,704 | |||
Lendlease Corp. Ltd. | 1,303,875 | 9,446,101 | |||
* | Lottery Corp. Ltd. | 2,668,586 | 8,465,019 | ||
National Australia Bank Ltd. | 5,345,044 | 115,434,287 | |||
New Hope Corp. Ltd. | 376,962 | 1,167,858 | |||
Newcrest Mining Ltd. | 1,623,135 | 21,873,784 | |||
Nine Entertainment Co. Holdings Ltd. | 1,196,908 | 1,746,252 | |||
# | Northern Star Resources Ltd. | 658,564 | 3,619,223 | ||
Orica Ltd. | 597,823 | 7,085,535 | |||
Origin Energy Ltd. | 3,515,673 | 14,760,074 | |||
OZ Minerals Ltd. | 730,524 | 9,756,327 | |||
Premier Investments Ltd. | 19,252 | 286,348 | |||
QBE Insurance Group Ltd. | 976,946 | 7,899,315 | |||
Qube Holdings Ltd. | 608,346 | 1,183,313 | |||
Rio Tinto Ltd. | 222,838 | 15,439,163 | |||
Santos Ltd. | 9,204,868 | 47,850,400 | |||
Seven Group Holdings Ltd. | 186,936 | 2,316,107 | |||
# | Sims Ltd. | 221,717 | 2,305,635 | ||
Sonic Healthcare Ltd. | 112,263 | 2,703,463 | |||
South32 Ltd. | 13,197,658 | 35,971,723 | |||
Suncorp Group Ltd. | 3,668,708 | 28,972,844 | |||
Tabcorp Holdings Ltd. | 2,668,586 | 1,861,549 | |||
TPG Telecom Ltd. | 417,594 | 1,863,324 | |||
Ω | Viva Energy Group Ltd. | 1,204,327 | 2,262,413 | ||
# | Westpac Banking Corp. | 7,869,029 | 119,161,818 | ||
Whitehaven Coal Ltd. | 5,022,173 | 22,112,023 | |||
# | Woodside Energy Group Ltd. | 3,298,650 | 74,485,096 | ||
# | Worley Ltd. | 905,249 | 9,136,040 | ||
# | Yancoal Australia Ltd. | 41,805 | 146,753 | ||
TOTAL AUSTRALIA | 830,735,285 | ||||
AUSTRIA — (0.1%) | |||||
Erste Group Bank AG | 238,396 | 6,043,976 | |||
Raiffeisen Bank International AG | 24,847 | 301,015 | |||
TOTAL AUSTRIA | 6,344,991 | ||||
BELGIUM — (0.5%) | |||||
Ageas SA | 382,351 | 16,687,822 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
BELGIUM — (Continued) | |||||
KBC Group NV | 557,629 | $29,206,913 | |||
Solvay SA | 174,855 | 15,358,026 | |||
TOTAL BELGIUM | 61,252,761 | ||||
CANADA — (10.0%) | |||||
Agnico Eagle Mines Ltd. | 512,449 | 22,030,183 | |||
AltaGas Ltd. | 424,078 | 9,448,241 | |||
ARC Resources Ltd. | 1,583,042 | 22,202,518 | |||
# | Bank of Montreal | 1,333,115 | 134,269,522 | ||
# | Bank of Nova Scotia | 2,141,607 | 130,517,260 | ||
# | Barrick Gold Corp. | 2,761,104 | 43,468,008 | ||
Canadian Imperial Bank of Commerce | 1,943,976 | 98,342,328 | |||
# | Canadian Natural Resources Ltd. | 1,952,622 | 107,785,455 | ||
Cenovus Energy, Inc. | 1,090,034 | 20,786,473 | |||
# | Endeavour Mining PLC | 682,116 | 13,455,351 | ||
Fairfax Financial Holdings Ltd. | 97,836 | 52,701,787 | |||
First Quantum Minerals Ltd. | 1,697,220 | 31,013,973 | |||
Great-West Lifeco, Inc. | 202,161 | 4,912,928 | |||
iA Financial Corp., Inc. | 262,656 | 14,452,182 | |||
# | Imperial Oil Ltd. | 577,813 | 27,719,123 | ||
# | Kinross Gold Corp. | 4,622,914 | 15,848,341 | ||
Lundin Mining Corp. | 2,996,201 | 16,893,187 | |||
# | Magna International, Inc. | 288,365 | 18,414,989 | ||
# | Manulife Financial Corp. | 2,426,806 | 44,450,719 | ||
* | MEG Energy Corp. | 90,475 | 1,245,617 | ||
Nutrien Ltd. | 944,511 | 80,906,795 | |||
Onex Corp. | 153,916 | 8,226,161 | |||
# | Saputo, Inc. | 46,660 | 1,152,517 | ||
SSR Mining, Inc. | 88,038 | 1,449,106 | |||
Sun Life Financial, Inc. | 122,322 | 5,680,634 | |||
Suncor Energy, Inc. | 3,006,941 | 102,053,673 | |||
* | Teck Resources Ltd.,Class B | 1,584,701 | 46,574,399 | ||
# | Tourmaline Oil Corp. | 613,849 | 38,459,338 | ||
* | Turquoise Hill Resources Ltd. | 55,248 | 1,444,183 | ||
West Fraser Timber Co. Ltd. | 244,389 | 22,880,635 | |||
# | Whitecap Resources, Inc. | 1,256,786 | 9,608,321 | ||
TOTAL CANADA | 1,148,393,947 | ||||
DENMARK — (2.0%) | |||||
AP Moller - Maersk AS, Class A | 5,970 | 15,993,480 | |||
AP Moller - Maersk AS, Class B | 7,872 | 21,493,182 | |||
Carlsberg AS, Class B | 341,080 | 44,115,931 | |||
# | Chr Hansen Holding AS | 91,099 | 5,962,686 | ||
# | Danske Bank AS | 945,349 | 13,220,042 | ||
* | Demant AS | 45,830 | 1,745,927 | ||
DSV AS | 338,415 | 57,023,232 | |||
* | Genmab AS | 17,930 | 6,379,851 | ||
H Lundbeck AS | 48,468 | 239,559 | |||
H Lundbeck AS, Class A | 3,091 | 14,737 | |||
Rockwool International AS, Class A | 91 | 22,425 | |||
Rockwool International AS, Class B | 19,106 | 4,734,448 | |||
Tryg AS | 307,601 | 7,013,716 | |||
# | Vestas Wind Systems AS | 1,836,721 | 48,275,869 | ||
TOTAL DENMARK | 226,235,085 | ||||
FINLAND — (1.0%) | |||||
Nokia Oyj | 4,351,573 | 22,665,516 | |||
# | Nokia Oyj, Sponsored ADR | 1,331,054 | 6,894,860 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
FINLAND — (Continued) | |||||
Nordea Bank Abp | 3,879,482 | $38,248,285 | |||
Stora Enso Oyj, Class R | 1,523,286 | 23,558,665 | |||
UPM-Kymmene Oyj | 657,805 | 20,845,682 | |||
TOTAL FINLAND | 112,213,008 | ||||
FRANCE — (9.4%) | |||||
* | Accor SA | 178,038 | 4,619,891 | ||
# | Alstom SA | 40,414 | 960,467 | ||
Ω | Amundi SA | 30,138 | 1,636,337 | ||
Arkema SA | 235,866 | 22,344,894 | |||
AXA SA | 1,974,356 | 45,494,116 | |||
BNP Paribas SA | 1,819,966 | 85,988,460 | |||
Bollore SE | 1,793,750 | 9,056,391 | |||
Bouygues SA | 1,023,747 | 30,947,597 | |||
# | Carrefour SA | 2,495,917 | 42,535,525 | ||
Cie de Saint-Gobain | 1,784,858 | 83,227,605 | |||
Cie Generale des Etablissements Michelin SCA | 2,521,000 | 70,549,086 | |||
Credit Agricole SA | 1,088,951 | 10,033,409 | |||
Eiffage SA | 259,883 | 24,387,156 | |||
Electricite de France SA | 1,300,906 | 15,798,526 | |||
Engie SA | 3,701,762 | 45,799,449 | |||
EssilorLuxottica SA | 19,074 | 2,990,466 | |||
Eurazeo SE | 21,491 | 1,535,049 | |||
* | Euroapi SA | 29,687 | 500,818 | ||
* | Faurecia SE | 61,470 | 1,115,489 | ||
Orange SA | 5,978,647 | 61,092,395 | |||
Publicis Groupe SA | 579,425 | 30,834,299 | |||
* | Renault SA | 402,126 | 11,888,604 | ||
Rexel SA | 157,875 | 2,805,824 | |||
# | Sanofi | 682,839 | 67,856,115 | ||
Societe Generale SA | 2,080,067 | 46,606,793 | |||
# | TotalEnergies SE | 6,840,726 | 349,406,182 | ||
Vinci SA | 24,438 | 2,342,596 | |||
Vivendi SE | 324,425 | 3,079,874 | |||
* Ω | Worldline SA | 40,901 | 1,805,293 | ||
TOTAL FRANCE | 1,077,238,706 | ||||
GERMANY — (6.1%) | |||||
Allianz SE | 470,627 | 85,468,727 | |||
# | BASF SE | 1,589,288 | 70,826,896 | ||
Bayer AG | 880,173 | 51,340,699 | |||
Bayerische Motoren Werke AG | 1,003,964 | 82,037,237 | |||
* | Commerzbank AG | 3,669,535 | 25,140,458 | ||
# | Continental AG | 238,662 | 17,002,555 | ||
Ω | Covestro AG | 587,231 | 19,804,588 | ||
# * | Daimler Truck Holding AG | 1,284,137 | 35,088,987 | ||
Deutsche Bank AG | 3,421,901 | 29,876,403 | |||
Evonik Industries AG | 411,203 | 8,770,831 | |||
Fresenius Medical Care AG & Co. KGaA | 334,517 | 12,401,707 | |||
Fresenius SE & Co. KGaA | 1,084,765 | 27,758,004 | |||
HeidelbergCement AG | 448,245 | 22,832,256 | |||
K+S AG | 120,623 | 2,543,484 | |||
# | KION Group AG | 16,287 | 742,893 | ||
Mercedes-Benz Group AG | 2,636,283 | 155,472,105 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 7,068 | 1,602,358 | |||
# * | Siemens Energy AG | 410,242 | 6,817,191 | ||
* | Talanx AG | 162,600 | 5,935,832 | ||
# | Telefonica Deutschland Holding AG | 4,463,614 | 11,867,095 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
GERMANY — (Continued) | |||||
Uniper SE | 74,438 | $497,350 | |||
Volkswagen AG | 111,321 | 22,049,083 | |||
TOTAL GERMANY | 695,876,739 | ||||
HONG KONG — (2.5%) | |||||
Bank of East Asia Ltd. | 502,600 | 638,786 | |||
Ω | BOC Aviation Ltd. | 526,800 | 4,483,390 | ||
BOC Hong Kong Holdings Ltd. | 6,049,000 | 21,881,136 | |||
# * | Cathay Pacific Airways Ltd. | 6,724,999 | 6,966,953 | ||
CK Asset Holdings Ltd. | 4,895,803 | 34,660,949 | |||
CK Hutchison Holdings Ltd. | 7,579,984 | 50,280,131 | |||
CK Infrastructure Holdings Ltd. | 743,000 | 4,659,185 | |||
Hang Lung Properties Ltd. | 6,065,000 | 11,065,557 | |||
Hang Seng Bank Ltd. | 368,300 | 5,940,906 | |||
Henderson Land Development Co. Ltd. | 2,620,485 | 9,122,290 | |||
HKT Trust & HKT Ltd. | 2,244,000 | 3,144,102 | |||
MTR Corp. Ltd. | 2,745,433 | 14,538,453 | |||
New World Development Co. Ltd. | 4,946,042 | 16,539,054 | |||
Orient Overseas International Ltd. | 131,500 | 4,582,870 | |||
Sino Land Co. Ltd. | 11,469,651 | 17,042,032 | |||
Sun Hung Kai Properties Ltd. | 3,517,920 | 41,993,870 | |||
Swire Pacific Ltd., Class A | 1,289,500 | 7,343,858 | |||
Swire Pacific Ltd., Class B | 2,730,000 | 2,570,589 | |||
Ω | WH Group Ltd. | 29,832,696 | 22,593,402 | ||
Xinyi Glass Holdings Ltd. | 1,059,000 | 2,088,701 | |||
TOTAL HONG KONG | 282,136,214 | ||||
IRELAND — (0.4%) | |||||
AIB Group PLC | 129,076 | 293,602 | |||
Bank of Ireland Group PLC | 485,903 | 2,783,135 | |||
CRH PLC | 293,793 | 11,274,054 | |||
# | CRH PLC, Sponsored ADR | 590,941 | 22,804,413 | ||
# *,* | Flutter Entertainment PLC | 39,960 | 4,016,130 | ||
TOTAL IRELAND | 41,171,334 | ||||
ISRAEL — (0.5%) | |||||
Bank Hapoalim BM | 1,986,735 | 18,516,378 | |||
Bank Leumi Le-Israel BM | 493,637 | 4,799,933 | |||
Harel Insurance Investments & Financial Services Ltd. | 390,507 | 3,992,981 | |||
Israel Discount Bank Ltd., Class A | 2,210,527 | 12,568,744 | |||
Phoenix Holdings Ltd. | 766,276 | 8,188,129 | |||
* | Teva Pharmaceutical Industries Ltd., Sponsored ADR | 1,209,716 | 11,347,136 | ||
TOTAL ISRAEL | 59,413,301 | ||||
ITALY — (1.7%) | |||||
Eni SpA | 2,863,752 | 34,423,957 | |||
# | Intesa Sanpaolo SpA | 24,372,617 | 43,281,095 | ||
Mediobanca Banca di Credito Finanziario SpA | 724,864 | 6,216,948 | |||
Stellantis NV | 3,193,828 | 45,864,175 | |||
# | Stellantis NV | 723,503 | 10,403,973 | ||
* | Telecom Italia SpA | 63,812,045 | 14,157,302 | ||
* | Telecom Italia SpA | 6,225,918 | 1,303,202 | ||
Telecom Italia SpA, Sponsored ADR | 1,712,869 | 3,759,748 | |||
UniCredit SpA | 3,981,409 | 39,374,883 | |||
UnipolSai Assicurazioni SpA | 466,197 | 1,055,580 | |||
TOTAL ITALY | 199,840,863 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (20.0%) | |||||
Acom Co. Ltd. | 117,400 | $293,698 | |||
AEON Financial Service Co. Ltd. | 24,400 | 267,131 | |||
AGC, Inc. | 895,500 | 32,643,863 | |||
Air Water, Inc. | 37,000 | 498,127 | |||
Aisin Corp. | 609,000 | 18,086,437 | |||
Alfresa Holdings Corp. | 202,200 | 2,698,539 | |||
Alps Alpine Co. Ltd. | 501,600 | 5,220,390 | |||
Amada Co. Ltd. | 907,100 | 7,321,844 | |||
Aozora Bank Ltd. | 253,300 | 5,295,094 | |||
Asahi Group Holdings Ltd. | 50,400 | 1,752,224 | |||
Asahi Kasei Corp. | 1,946,100 | 15,612,400 | |||
Bank of Kyoto Ltd. | 113,679 | 4,836,523 | |||
Bridgestone Corp. | 601,100 | 23,446,419 | |||
Brother Industries Ltd. | 466,700 | 8,741,959 | |||
Canon Marketing Japan, Inc. | 158,500 | 3,722,213 | |||
Canon, Inc. | 652,000 | 15,424,898 | |||
Chiba Bank Ltd. | 1,064,000 | 5,901,854 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 205,857 | 2,346,975 | |||
COMSYS Holdings Corp. | 23,300 | 468,103 | |||
Concordia Financial Group Ltd. | 2,530,100 | 8,607,394 | |||
Cosmo Energy Holdings Co. Ltd. | 273,700 | 8,301,416 | |||
Credit Saison Co. Ltd. | 393,600 | 5,026,088 | |||
Dai Nippon Printing Co. Ltd. | 457,000 | 10,084,769 | |||
Daicel Corp. | 786,900 | 5,005,719 | |||
Dai-ichi Life Holdings, Inc. | 1,076,847 | 18,731,622 | |||
# | Daio Paper Corp. | 71,600 | 766,655 | ||
Daiwa House Industry Co. Ltd. | 426,400 | 10,535,521 | |||
Daiwa Securities Group, Inc. | 3,723,000 | 17,186,205 | |||
DeNA Co. Ltd. | 29,600 | 437,225 | |||
Denka Co. Ltd. | 234,800 | 6,088,034 | |||
DIC Corp. | 308,000 | 5,695,975 | |||
Dowa Holdings Co. Ltd. | 189,000 | 6,854,407 | |||
Ebara Corp. | 13,400 | 524,933 | |||
ENEOS Holdings, Inc. | 8,814,203 | 34,096,881 | |||
Ezaki Glico Co. Ltd. | 8,100 | 236,664 | |||
Fuji Media Holdings, Inc. | 57,000 | 496,146 | |||
FUJIFILM Holdings Corp. | 24,800 | 1,416,626 | |||
Fukuoka Financial Group, Inc. | 386,600 | 6,852,373 | |||
Hankyu Hanshin Holdings, Inc. | 581,700 | 16,873,213 | |||
Haseko Corp. | 510,100 | 6,210,168 | |||
Hino Motors Ltd. | 774,900 | 4,027,320 | |||
Hitachi Construction Machinery Co. Ltd. | 137,600 | 3,035,712 | |||
Hitachi Ltd. | 595,600 | 30,154,064 | |||
Honda Motor Co. Ltd. | 3,522,000 | 90,258,919 | |||
House Foods Group, Inc. | 2,800 | 60,204 | |||
Hulic Co. Ltd. | 28,500 | 228,573 | |||
Idemitsu Kosan Co. Ltd. | 602,938 | 15,679,283 | |||
IHI Corp. | 83,100 | 2,191,156 | |||
Iida Group Holdings Co. Ltd. | 674,550 | 11,044,011 | |||
Inpex Corp. | 2,704,683 | 31,000,461 | |||
Isetan Mitsukoshi Holdings Ltd. | 549,300 | 4,397,719 | |||
Isuzu Motors Ltd. | 1,471,000 | 16,134,812 | |||
# | ITOCHU Corp. | 658,700 | 19,174,534 | ||
Iwatani Corp. | 75,500 | 3,164,713 | |||
J Front Retailing Co. Ltd. | 712,300 | 5,996,507 | |||
Japan Post Holdings Co. Ltd. | 1,170,410 | 8,426,754 | |||
Japan Post Insurance Co. Ltd. | 97,800 | 1,581,216 | |||
JFE Holdings, Inc. | 1,257,295 | 14,175,809 | |||
JGC Holdings Corp. | 257,700 | 3,169,299 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
JTEKT Corp. | 572,800 | $4,247,271 | |||
Kajima Corp. | 751,700 | 8,581,183 | |||
Kamigumi Co. Ltd. | 342,200 | 6,958,436 | |||
Kaneka Corp. | 231,308 | 6,267,322 | |||
Kawasaki Heavy Industries Ltd. | 677,300 | 13,302,525 | |||
Kawasaki Kisen Kaisha Ltd. | 33,700 | 2,485,024 | |||
Kewpie Corp. | 7,000 | 121,598 | |||
Kinden Corp. | 222,800 | 2,630,442 | |||
Kobe Steel Ltd. | 60,200 | 279,861 | |||
Kokuyo Co. Ltd. | 20,200 | 269,351 | |||
Komatsu Ltd. | 561,800 | 12,987,901 | |||
Konica Minolta, Inc. | 5,300 | 18,799 | |||
K's Holdings Corp. | 403,300 | 4,072,385 | |||
Kuraray Co. Ltd. | 1,508,500 | 12,141,984 | |||
Kyocera Corp. | 179,600 | 9,983,760 | |||
Lixil Corp. | 961,800 | 19,904,677 | |||
Mabuchi Motor Co. Ltd. | 73,100 | 2,095,067 | |||
Marubeni Corp. | 2,948,900 | 27,431,452 | |||
Maruichi Steel Tube Ltd. | 15,500 | 343,080 | |||
Mazda Motor Corp. | 1,379,100 | 11,625,220 | |||
Mebuki Financial Group, Inc. | 1,302,120 | 2,627,080 | |||
Medipal Holdings Corp. | 329,250 | 4,967,528 | |||
Mitsubishi Chemical Holdings Corp. | 3,555,700 | 19,995,573 | |||
Mitsubishi Corp. | 1,817,600 | 54,017,758 | |||
Mitsubishi Electric Corp. | 1,660,300 | 17,523,182 | |||
Mitsubishi Estate Co. Ltd. | 84,800 | 1,259,416 | |||
Mitsubishi Gas Chemical Co., Inc. | 727,100 | 10,568,856 | |||
Mitsubishi HC Capital, Inc. | 2,653,300 | 12,857,628 | |||
Mitsubishi Heavy Industries Ltd. | 724,500 | 26,902,467 | |||
Mitsubishi Logistics Corp. | 89,600 | 2,404,164 | |||
Mitsubishi Materials Corp. | 97,200 | 1,470,567 | |||
* | Mitsubishi Motors Corp. | 1,740,000 | 6,062,674 | ||
Mitsubishi UFJ Financial Group, Inc., Sponsored ADR | 1,968,045 | 11,158,815 | |||
Mitsubishi UFJ Financial Group, Inc. | 10,193,750 | 57,436,600 | |||
Mitsui & Co. Ltd., Sponsored ADR | 10,506 | 4,641,866 | |||
Mitsui & Co. Ltd. | 1,295,000 | 28,570,630 | |||
Mitsui Chemicals, Inc. | 823,660 | 17,349,767 | |||
Mitsui Fudosan Co. Ltd. | 940,400 | 21,017,388 | |||
# | Mitsui OSK Lines Ltd. | 885,300 | 24,275,725 | ||
Mizuho Financial Group, Inc. | 2,369,480 | 28,259,303 | |||
Morinaga Milk Industry Co. Ltd. | 2,700 | 99,557 | |||
MS&AD Insurance Group Holdings, Inc. | 445,453 | 14,446,636 | |||
Nagase & Co. Ltd. | 21,700 | 326,403 | |||
NEC Corp. | 780,910 | 28,826,851 | |||
NGK Insulators Ltd. | 241,400 | 3,530,771 | |||
NGK Spark Plug Co. Ltd. | 315,000 | 6,168,470 | |||
NH Foods Ltd. | 317,767 | 9,627,283 | |||
Nikon Corp. | 695,200 | 8,006,303 | |||
Nippon Electric Glass Co. Ltd. | 131,500 | 2,618,149 | |||
Nippon Express Holdings, Inc. | 308,324 | 18,424,012 | |||
Nippon Shokubai Co. Ltd. | 84,400 | 3,303,508 | |||
Nippon Steel Corp. | 1,079,293 | 16,060,127 | |||
Nippon Yusen KK | 201,900 | 15,859,510 | |||
Nissan Motor Co. Ltd. | 4,749,500 | 18,061,688 | |||
Nisshin Seifun Group, Inc. | 188,500 | 2,320,330 | |||
Nomura Holdings, Inc. | 3,219,302 | 12,283,283 | |||
Nomura Real Estate Holdings, Inc. | 521,500 | 12,651,257 | |||
NSK Ltd. | 1,027,500 | 5,754,102 | |||
Obayashi Corp. | 2,342,282 | 17,226,164 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
Oji Holdings Corp. | 3,568,100 | $14,875,960 | |||
ORIX Corp. | 2,086,100 | 37,178,097 | |||
Otsuka Holdings Co. Ltd. | 146,200 | 5,222,695 | |||
Panasonic Corp. | 2,850,600 | 23,534,939 | |||
Resona Holdings, Inc. | 2,821,139 | 10,963,643 | |||
# | Ricoh Co. Ltd. | 1,414,100 | 11,373,691 | ||
Rinnai Corp. | 12,700 | 965,561 | |||
Rohm Co. Ltd. | 93,500 | 6,938,692 | |||
Sankyo Co. Ltd. | 30,300 | 952,952 | |||
Seiko Epson Corp. | 701,700 | 10,541,410 | |||
Seino Holdings Co. Ltd. | 437,400 | 3,628,019 | |||
Sekisui Chemical Co. Ltd. | 206,700 | 2,908,158 | |||
# | Sekisui House Ltd. | 1,397,300 | 24,748,133 | ||
Seven & I Holdings Co. Ltd. | 546,400 | 22,271,377 | |||
Shimamura Co. Ltd. | 61,300 | 5,878,270 | |||
Shimizu Corp. | 995,300 | 5,641,999 | |||
Shizuoka Bank Ltd. | 851,000 | 5,149,755 | |||
Showa Denko KK | 438,500 | 7,353,883 | |||
SoftBank Group Corp. | 1,265,580 | 53,162,934 | |||
Sohgo Security Services Co. Ltd. | 15,800 | 442,778 | |||
Sojitz Corp. | 666,340 | 10,126,088 | |||
Sompo Holdings, Inc. | 490,056 | 21,871,790 | |||
Stanley Electric Co. Ltd. | 335,400 | 5,893,760 | |||
Subaru Corp. | 969,784 | 16,875,119 | |||
Sumitomo Chemical Co. Ltd. | 8,266,400 | 32,486,373 | |||
Sumitomo Corp. | 1,110,400 | 15,612,171 | |||
Sumitomo Dainippon Pharma Co. Ltd. | 330,631 | 2,589,325 | |||
Sumitomo Electric Industries Ltd. | 2,834,000 | 31,595,663 | |||
Sumitomo Forestry Co. Ltd. | 598,600 | 9,294,173 | |||
Sumitomo Heavy Industries Ltd. | 524,600 | 12,002,766 | |||
Sumitomo Metal Mining Co. Ltd. | 316,464 | 9,950,832 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,282,500 | 40,234,706 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 464,844 | 15,269,762 | |||
# | Sumitomo Realty & Development Co. Ltd. | 273,800 | 7,560,456 | ||
Sumitomo Rubber Industries Ltd. | 756,200 | 6,818,186 | |||
Suzuken Co. Ltd. | 80,200 | 2,216,643 | |||
Suzuki Motor Corp. | 428,500 | 14,045,943 | |||
T&D Holdings, Inc. | 1,301,400 | 14,729,296 | |||
Taiheiyo Cement Corp. | 165,700 | 2,486,010 | |||
Taisei Corp. | 163,500 | 5,216,762 | |||
Taisho Pharmaceutical Holdings Co. Ltd. | 35,800 | 1,425,479 | |||
Takeda Pharmaceutical Co. Ltd. | 2,595,871 | 76,163,353 | |||
TBS Holdings, Inc. | 70,800 | 906,659 | |||
TDK Corp. | 328,000 | 10,330,244 | |||
Teijin Ltd. | 855,090 | 9,060,479 | |||
THK Co. Ltd. | 68,800 | 1,459,629 | |||
Toda Corp. | 717,800 | 3,850,168 | |||
Tokai Carbon Co. Ltd. | 40,000 | 323,387 | |||
Tokio Marine Holdings, Inc. | 123,519 | 7,230,792 | |||
Tokyo Century Corp. | 100,200 | 3,543,582 | |||
Tokyo Tatemono Co. Ltd. | 870,300 | 12,817,143 | |||
Tokyu Fudosan Holdings Corp. | 2,556,700 | 13,854,625 | |||
Toppan, Inc. | 599,800 | 10,205,867 | |||
Toray Industries, Inc. | 2,709,300 | 14,839,750 | |||
Tosoh Corp. | 1,241,700 | 16,185,805 | |||
Toyo Seikan Group Holdings Ltd. | 416,349 | 4,794,507 | |||
Toyo Suisan Kaisha Ltd. | 1,900 | 80,727 | |||
Toyo Tire Corp. | 52,000 | 698,885 | |||
Toyoda Gosei Co. Ltd. | 272,500 | 4,300,375 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
JAPAN — (Continued) | |||||
Toyota Boshoku Corp. | 47,400 | $700,922 | |||
Toyota Industries Corp. | 159,400 | 9,705,779 | |||
Toyota Motor Corp. | 12,080,750 | 196,082,941 | |||
Toyota Tsusho Corp. | 584,300 | 19,941,831 | |||
Tsumura & Co. | 24,700 | 579,532 | |||
Tsuruha Holdings, Inc. | 17,100 | 974,246 | |||
UBE Corp. | 460,500 | 7,210,261 | |||
Yamada Holdings Co. Ltd. | 1,918,800 | 6,927,599 | |||
Yamaha Motor Co. Ltd. | 854,100 | 16,498,761 | |||
Yamato Kogyo Co. Ltd. | 2,700 | 92,329 | |||
Yamazaki Baking Co. Ltd. | 325,600 | 3,931,145 | |||
Yokohama Rubber Co. Ltd. | 563,500 | 8,253,823 | |||
Z Holdings Corp. | 1,394,000 | 4,926,728 | |||
Zeon Corp. | 404,300 | 4,105,342 | |||
TOTAL JAPAN | 2,285,827,985 | ||||
NETHERLANDS — (3.6%) | |||||
Ω | ABN AMRO Bank NV | 572,088 | 5,834,092 | ||
Aegon NV | 3,080,566 | 13,530,476 | |||
Aegon NV | 413,726 | 1,820,394 | |||
Akzo Nobel NV | 229,839 | 15,468,253 | |||
ArcelorMittal SA | 652,213 | 16,092,652 | |||
ArcelorMittal SA | 920,067 | 22,624,450 | |||
ASR Nederland NV | 322,376 | 13,474,486 | |||
Coca-Cola Europacific Partners PLC | 84,349 | 4,579,632 | |||
# | Heineken NV | 169,387 | 16,699,323 | ||
ING Groep NV | 4,722,058 | 45,869,241 | |||
JDE Peet's NV | 159,274 | 4,619,328 | |||
Koninklijke Ahold Delhaize NV | 4,054,901 | 111,666,808 | |||
Koninklijke DSM NV | 296,177 | 47,432,466 | |||
# | Koninklijke KPN NV | 4,007,248 | 13,219,873 | ||
Koninklijke Philips NV | 991,539 | 20,521,138 | |||
Koninklijke Philips NV | 33,022 | 684,876 | |||
NN Group NV | 678,296 | 31,827,272 | |||
OCI NV | 84,204 | 2,923,280 | |||
Randstad NV | 338,457 | 17,106,625 | |||
Ω | Signify NV | 9,094 | 295,355 | ||
TOTAL NETHERLANDS | 406,290,020 | ||||
NEW ZEALAND — (0.2%) | |||||
* | Auckland International Airport Ltd. | 1,979,607 | 9,295,631 | ||
Chorus Ltd. | 297,294 | 1,496,254 | |||
EBOS Group Ltd. | 225,352 | 5,599,642 | |||
Fletcher Building Ltd. | 1,485,793 | 4,834,099 | |||
# | Fonterra Co-operative Group Ltd. | 293,628 | 559,052 | ||
# | Ryman Healthcare Ltd. | 152,311 | 890,895 | ||
Summerset Group Holdings Ltd. | 356,360 | 2,402,313 | |||
TOTAL NEW ZEALAND | 25,077,886 | ||||
NORWAY — (0.9%) | |||||
Adevinta ASA | 27,986 | 212,816 | |||
Austevoll Seafood ASA | 164,785 | 2,029,953 | |||
DNB Bank ASA | 1,885,402 | 37,191,003 | |||
Ω | Elkem ASA | 637,508 | 2,612,103 | ||
# * | Frontline Ltd. | 84,273 | 802,725 | ||
Golden Ocean Group Ltd. | 740,046 | 8,170,931 | |||
Norsk Hydro ASA | 2,813,185 | 19,059,977 | |||
Orkla ASA | 344,624 | 2,974,888 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
NORWAY — (Continued) | |||||
Schibsted ASA, Class A | 9,681 | $181,959 | |||
Schibsted ASA, Class B | 5,526 | 99,405 | |||
SpareBank 1 SR-Bank ASA | 329,406 | 3,895,011 | |||
Storebrand ASA | 1,260,839 | 10,604,972 | |||
Subsea 7 SA | 453,890 | 4,090,719 | |||
Wallenius Wilhelmsen ASA | 558,074 | 3,741,157 | |||
Yara International ASA | 285,618 | 12,172,281 | |||
TOTAL NORWAY | 107,839,900 | ||||
PORTUGAL — (0.1%) | |||||
†† | Banco Espirito Santo SA | 2,631,973 | 0 | ||
# | EDP Renovaveis SA | 398,808 | 10,372,709 | ||
Galp Energia SGPS SA | 54,599 | 576,324 | |||
TOTAL PORTUGAL | 10,949,033 | ||||
SINGAPORE — (1.0%) | |||||
City Developments Ltd. | 1,395,500 | 7,840,245 | |||
Frasers Property Ltd. | 492,700 | 375,064 | |||
Genting Singapore Ltd. | 473,400 | 276,483 | |||
Golden Agri-Resources Ltd. | 40,500 | 7,626 | |||
Hongkong Land Holdings Ltd. | 2,134,200 | 11,093,700 | |||
Jardine Cycle & Carriage Ltd. | 130,900 | 2,656,893 | |||
Keppel Corp. Ltd. | 6,501,200 | 32,481,184 | |||
Olam Group Ltd. | 399,410 | 470,415 | |||
Oversea-Chinese Banking Corp. Ltd. | 1,818,100 | 15,407,847 | |||
* | Singapore Airlines Ltd. | 3,794,200 | 15,010,423 | ||
Singapore Land Group Ltd. | 1,020,270 | 1,830,566 | |||
UOL Group Ltd. | 1,698,674 | 9,177,729 | |||
Wilmar International Ltd. | 5,864,700 | 17,089,186 | |||
Yangzijiang Shipbuilding Holdings Ltd. | 8,876,100 | 5,984,312 | |||
TOTAL SINGAPORE | 119,701,673 | ||||
SPAIN — (1.6%) | |||||
Banco Bilbao Vizcaya Argentaria SA | 7,144,740 | 32,377,599 | |||
Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR | 943,992 | 4,285,724 | |||
Banco Santander SA | 37,487,854 | 93,789,750 | |||
CaixaBank SA | 2,040,302 | 6,126,484 | |||
Repsol SA | 4,020,637 | 50,090,117 | |||
TOTAL SPAIN | 186,669,674 | ||||
SWEDEN — (2.6%) | |||||
BillerudKorsnas AB | 542,040 | 6,991,532 | |||
Boliden AB | 1,135,291 | 37,940,139 | |||
Bure Equity AB | 114,977 | 3,060,800 | |||
Ω | Dometic Group AB | 380,509 | 2,580,504 | ||
# | Electrolux AB, Class B | 67,659 | 975,901 | ||
Essity AB, Class B | 97,665 | 2,486,070 | |||
Getinge AB, Class B | 79,109 | 1,785,167 | |||
Holmen AB, Class A | 5,562 | 233,516 | |||
Holmen AB, Class B | 197,104 | 8,099,383 | |||
# | Husqvarna AB, Class B | 256,475 | 2,044,037 | ||
# | Intrum AB | 146,882 | 3,137,394 | ||
Loomis AB | 17,123 | 482,839 | |||
* | Millicom International Cellular SA, SDR | 310,681 | 4,885,169 | ||
* | Pandox AB | 106,891 | 1,567,575 | ||
Peab AB, Class B | 716,387 | 4,887,503 | |||
Saab AB, Class B | 105,049 | 3,800,001 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
SWEDEN — (Continued) | |||||
# | Securitas AB, Class B | 531,310 | $5,372,775 | ||
Skandinaviska Enskilda Banken AB, Class A | 2,605,519 | 28,226,699 | |||
# | Skandinaviska Enskilda Banken AB, Class C | 14,462 | 178,813 | ||
Skanska AB, Class B | 698,815 | 11,921,750 | |||
SKF AB, Class B | 1,179,544 | 19,851,062 | |||
SSAB AB, Class A | 729,061 | 3,528,201 | |||
SSAB AB, Class B | 2,046,233 | 9,388,506 | |||
Svenska Cellulosa AB SCA, Class A | 34,534 | 510,078 | |||
Svenska Cellulosa AB SCA, Class B | 581,885 | 8,506,913 | |||
Svenska Handelsbanken AB, Class A | 1,224,329 | 11,009,057 | |||
# | Svenska Handelsbanken AB, Class B | 37,204 | 386,567 | ||
# | Swedbank AB, Class A | 973,315 | 13,480,563 | ||
Tele2 AB, Class B | 580,670 | 6,633,362 | |||
Telefonaktiebolaget LM Ericsson, Class B | 1,113,229 | 8,467,491 | |||
# | Telia Co. AB | 6,786,020 | 25,069,911 | ||
Trelleborg AB, Class B | 724,479 | 17,800,839 | |||
Volvo AB, Class A | 268,270 | 4,998,816 | |||
Volvo AB, Class B | 2,261,068 | 40,595,266 | |||
TOTAL SWEDEN | 300,884,199 | ||||
SWITZERLAND — (9.1%) | |||||
ABB Ltd. | 912,685 | 27,745,259 | |||
Adecco Group AG | 273,776 | 9,644,308 | |||
Alcon, Inc. | 561,848 | 44,180,874 | |||
Baloise Holding AG | 105,344 | 16,784,361 | |||
Barry Callebaut AG | 484 | 1,072,381 | |||
Cie Financiere Richemont SA, Class A | 910,327 | 109,764,954 | |||
Credit Suisse Group AG | 1,363,427 | 7,930,463 | |||
# | Credit Suisse Group AG, Sponsored ADR | 1,195,011 | 6,931,064 | ||
Holcim Ltd. | 1,372,633 | 64,344,055 | |||
Julius Baer Group Ltd. | 716,015 | 37,025,168 | |||
Novartis AG, Sponsored ADR | 1,587,470 | 136,252,550 | |||
Novartis AG | 1,706,093 | 146,603,940 | |||
SIG Group AG | 479,021 | 12,496,847 | |||
Swatch Group AG | 47,812 | 12,728,358 | |||
Swatch Group AG | 123,912 | 6,188,003 | |||
Swiss Life Holding AG | 69,548 | 36,842,097 | |||
Swiss Prime Site AG | 120,516 | 10,974,619 | |||
Swiss Re AG | 399,672 | 29,990,107 | |||
Swisscom AG | 82,048 | 44,358,211 | |||
# | UBS Group AG | 7,263,744 | 118,568,163 | ||
* | Vifor Pharma AG | 55,433 | 9,706,149 | ||
Zurich Insurance Group AG | 344,357 | 150,321,585 | |||
TOTAL SWITZERLAND | 1,040,453,516 | ||||
UNITED KINGDOM — (15.1%) | |||||
3i Group PLC | 198,335 | 3,081,679 | |||
Abrdn Plc | 1,691,534 | 3,429,453 | |||
Ω | Airtel Africa PLC | 31,927 | 61,715 | ||
Anglo American PLC | 1,391,761 | 50,304,991 | |||
Associated British Foods PLC | 179,332 | 3,662,922 | |||
Aviva PLC | 10,576,653 | 51,220,864 | |||
# | Barclays PLC, Sponsored ADR | 7,035,082 | 54,803,289 | ||
Barclays PLC | 191,609 | 367,039 | |||
Barratt Developments PLC | 1,021,479 | 6,263,398 | |||
Bellway PLC | 134,536 | 4,020,480 | |||
BP PLC, Sponsored ADR | 4,418,588 | 129,818,115 | |||
BP PLC | 7,690,578 | 37,639,686 |
The DFA International Value Series
CONTINUED
Shares | Value» | ||||
UNITED KINGDOM — (Continued) | |||||
British American Tobacco PLC, Sponsored ADR | 838,885 | $32,859,125 | |||
British American Tobacco PLC | 3,024,009 | 118,491,656 | |||
BT Group PLC | 22,408,140 | 44,240,899 | |||
DS Smith PLC | 2,344,995 | 8,358,949 | |||
Glencore PLC | 23,897,614 | 135,444,485 | |||
HSBC Holdings PLC | 13,535,003 | 84,782,675 | |||
# | HSBC Holdings PLC, Sponsored ADR | 2,324,211 | 72,980,225 | ||
Investec PLC | 1,183,350 | 6,401,518 | |||
J Sainsbury PLC | 7,868,098 | 21,224,748 | |||
Johnson Matthey PLC | 31,950 | 835,316 | |||
Kingfisher PLC | 7,975,671 | 25,233,993 | |||
Lloyds Banking Group PLC | 164,752,825 | 91,216,734 | |||
# | Lloyds Banking Group PLC, ADR | 1,844,768 | 4,076,937 | ||
M&G PLC | 2,956,890 | 7,707,731 | |||
* | Marks & Spencer Group PLC | 1,591,554 | 2,759,242 | ||
Melrose Industries PLC | 4,376,981 | 8,615,907 | |||
Natwest Group PLC | 5,175,515 | 15,719,365 | |||
# | Natwest Group PLC, Sponsored ADR | 686,481 | 4,269,912 | ||
Pearson PLC | 309,149 | 2,861,252 | |||
Pearson PLC, Sponsored ADR | 1,015,920 | 9,407,419 | |||
Phoenix Group Holdings PLC | 710,707 | 5,599,390 | |||
Royal Mail PLC | 1,820,199 | 6,290,234 | |||
Shell PLC | 307,658 | 8,207,181 | |||
# | Shell PLC, Sponsored ADR | 9,015,405 | 481,242,319 | ||
Standard Chartered PLC | 4,622,099 | 31,858,690 | |||
Taylor Wimpey PLC | 1,406,831 | 2,189,702 | |||
Tesco PLC | 6,706,353 | 21,508,183 | |||
Vodafone Group PLC | 58,351,986 | 85,990,822 | |||
# | Vodafone Group PLC, Sponsored ADR | 2,609,023 | 38,509,184 | ||
# | WPP PLC, Sponsored ADR | 42,036 | 2,268,263 | ||
TOTAL UNITED KINGDOM | 1,725,825,687 | ||||
TOTAL COMMON STOCKS | 10,950,371,807 | ||||
PREFERRED STOCKS — (1.1%) | |||||
GERMANY — (1.1%) | |||||
Bayerische Motoren Werke AG | 152,008 | 11,541,222 | |||
Porsche Automobil Holding SE | 307,547 | 22,260,778 | |||
Volkswagen AG | 601,156 | 84,997,352 | |||
TOTAL GERMANY | 118,799,352 | ||||
TOTAL INVESTMENT SECURITIES (Cost $10,724,445,324) | 11,069,171,159 |
Value† | ||||
SECURITIES LENDING COLLATERAL — (3.2%) | ||||
@ § | The DFA Short Term Investment Fund | 32,028,807 | 370,477,205 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $11,094,902,981)^^ | $11,439,648,364 |
ADR | American Depositary Receipt |
SA | Special Assessment |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
Ω | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited. |
†† | Security valued using significant unobservable inputs (Level 3). |
The DFA International Value Series
CONTINUED
† | See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2022, The DFA
International Value Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
S&P 500® Emini Index | 642 | 09/16/22 | $125,013,501 | $132,685,350 | $7,671,849 | |||||
Total Futures Contracts | $125,013,501 | $132,685,350 | $7,671,849 |
Summary of the Series' investments
as of July 31, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Australia | $8,465,019 | $822,270,266 | — | $830,735,285 | |||
Austria | — | 6,344,991 | — | 6,344,991 | |||
Belgium | — | 61,252,761 | — | 61,252,761 | |||
Canada | 1,148,393,947 | — | — | 1,148,393,947 | |||
Denmark | 254,296 | 225,980,789 | — | 226,235,085 | |||
Finland | 6,894,860 | 105,318,148 | — | 112,213,008 | |||
France | 500,818 | 1,076,737,888 | — | 1,077,238,706 | |||
Germany | 12,917,174 | 682,959,565 | — | 695,876,739 | |||
Hong Kong | — | 282,136,214 | — | 282,136,214 | |||
Ireland | 22,804,413 | 18,366,921 | — | 41,171,334 | |||
Israel | 11,347,136 | 48,066,165 | — | 59,413,301 | |||
Italy | 14,163,721 | 185,677,142 | — | 199,840,863 | |||
Japan | 15,800,681 | 2,270,027,304 | — | 2,285,827,985 | |||
Netherlands | 25,129,720 | 381,160,300 | — | 406,290,020 | |||
New Zealand | — | 25,077,886 | — | 25,077,886 | |||
Norway | — | 107,839,900 | — | 107,839,900 | |||
Portugal | — | 10,949,033 | — | 10,949,033 | |||
Singapore | — | 119,701,673 | — | 119,701,673 | |||
Spain | 4,285,724 | 182,383,950 | — | 186,669,674 | |||
Sweden | — | 300,884,199 | — | 300,884,199 | |||
Switzerland | 168,156,193 | 872,297,323 | — | 1,040,453,516 | |||
United Kingdom | 830,234,788 | 895,590,899 | — | 1,725,825,687 | |||
Preferred Stocks | |||||||
Germany | — | 118,799,352 | — | 118,799,352 | |||
Securities Lending Collateral | — | 370,477,205 | — | 370,477,205 | |||
Futures Contracts** | 7,671,849 | — | — | 7,671,849 | |||
TOTAL | $2,277,020,339 | $9,170,299,874 | — | $11,447,320,213 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
The Emerging Markets Series
SCHEDULE OF INVESTMENTS
July 31, 2022
(Unaudited)
Shares | Value» | ||||
COMMON STOCKS — (97.5%) | |||||
BRAZIL — (3.8%) | |||||
Ambev SA, ADR | 1,642,569 | $4,632,045 | |||
Atacadao SA | 384,789 | 1,385,481 | |||
B3 SA - Brasil Bolsa Balcao | 2,518,071 | 5,397,153 | |||
Banco Bradesco SA | 755,221 | 2,112,067 | |||
Banco BTG Pactual SA | 541,804 | 2,359,221 | |||
Banco do Brasil SA | 396,250 | 2,754,704 | |||
Banco Santander Brasil SA | 214,624 | 1,173,482 | |||
BB Seguridade Participacoes SA | 353,143 | 1,978,627 | |||
Braskem SA, Sponsored ADR | 57,171 | 814,115 | |||
* | BRF SA | 873,661 | 2,694,890 | ||
CCR SA | 1,291,886 | 3,243,385 | |||
Centrais Eletricas Brasileiras SA | 244,933 | 2,168,567 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 288,020 | 2,486,588 | |||
# | Cia de Saneamento Basico do Estado de Sao Paulo, ADR | 40,965 | 351,070 | ||
Cia Energetica de Minas Gerais | 215,832 | 709,554 | |||
Cia Paranaense de Energia | 55,700 | 69,651 | |||
Cia Paranaense de Energia, Sponsored ADR | 17,400 | 114,492 | |||
Cia Paranaense de Energia | 39,800 | 265,149 | |||
# | Cia Siderurgica Nacional SA, Sponsored ADR | 545,056 | 1,575,212 | ||
Cia Siderurgica Nacional SA | 517,465 | 1,471,156 | |||
Cosan SA | 440,000 | 1,587,677 | |||
CPFL Energia SA | 146,500 | 929,835 | |||
Energisa SA | 228,135 | 1,941,800 | |||
* | Eneva SA | 273,981 | 805,406 | ||
Engie Brasil Energia SA | 116,476 | 997,703 | |||
Equatorial Energia SA | 966,386 | 4,633,856 | |||
Gerdau SA, Sponsored ADR | 750,154 | 3,540,727 | |||
Getnet Adquirencia e Servicos para Meios de Pagamento SA | 53,656 | 46,873 | |||
Ω | Hapvida Participacoes e Investimentos SA | 1,562,209 | 1,859,881 | ||
Hypera SA | 368,936 | 3,036,854 | |||
Inter & Co., Inc., BDR | 33,874 | 102,327 | |||
Itau Unibanco Holding SA | 217,203 | 851,332 | |||
JBS SA | 874,000 | 5,395,249 | |||
Klabin SA | 1,043,990 | 4,021,322 | |||
Localiza Rent a Car SA | 229,414 | 2,554,365 | |||
Lojas Renner SA | 659,267 | 3,222,370 | |||
* | Magazine Luiza SA | 1,102,502 | 549,749 | ||
Natura & Co. Holding SA | 680,001 | 2,047,586 | |||
Neoenergia SA | 95,100 | 272,208 | |||
* | Petro Rio SA | 551,205 | 2,580,195 | ||
Petroleo Brasileiro SA, Sponsored ADR | 511,889 | 6,721,102 | |||
Petroleo Brasileiro SA, Sponsored ADR | 227,883 | 3,254,169 | |||
Petroleo Brasileiro SA | 2,733,556 | 19,526,532 | |||
Porto Seguro SA | 149,774 | 533,201 | |||
Raia Drogasil SA | 443,885 | 1,799,870 | |||
Ω | Rede D'Or Sao Luiz SA | 23,500 | 147,111 | ||
Rumo SA | 1,052,024 | 3,566,321 | |||
Sendas Distribuidora SA | 848,688 | 2,599,815 | |||
Suzano SA | 450,507 | 4,204,593 | |||
# | Suzano SA, Sponsored ADR | 10,979 | 102,653 | ||
Telefonica Brasil SA | 248,062 | 2,138,259 | |||
TIM SA | 1,144,280 | 2,784,346 | |||
TOTVS SA | 323,491 | 1,648,684 | |||
Ultrapar Participacoes SA | 204,563 | 501,711 | |||
Vale SA, Sponsored ADR | 332,416 | 4,474,326 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
BRAZIL — (Continued) | |||||
Vale SA | 2,602,113 | $35,078,052 | |||
Vibra Energia SA | 871,221 | 2,803,546 | |||
WEG SA | 591,966 | 3,208,041 | |||
TOTAL BRAZIL | 173,826,256 | ||||
CHILE — (0.5%) | |||||
Banco de Chile, ADR | 111,649 | 2,114,638 | |||
Banco de Credito e Inversiones SA | 44,964 | 1,356,654 | |||
Banco Santander Chile, ADR | 78,503 | 1,227,787 | |||
CAP SA | 95,505 | 874,012 | |||
Cencosud SA | 2,002,798 | 2,736,039 | |||
Cencosud Shopping SA | 323,343 | 349,846 | |||
Cia Cervecerias Unidas SA | 25,688 | 148,238 | |||
Cia Cervecerias Unidas SA, Sponsored ADR | 22,534 | 260,042 | |||
Cia Sud Americana de Vapores SA | 15,213,678 | 1,646,137 | |||
Embotelladora Andina SA, ADR, Class B | 20,985 | 240,068 | |||
Empresa Nacional de Telecomunicaciones SA | 125,159 | 413,896 | |||
Empresas CMPC SA | 922,978 | 1,568,172 | |||
Empresas COPEC SA | 227,255 | 1,861,216 | |||
Falabella SA | 319,590 | 712,880 | |||
Itau CorpBanca Chile SA | 31,276,064 | 67,578 | |||
Plaza SA | 176,521 | 150,643 | |||
Sociedad Quimica y Minera de Chile SA, Sponsored ADR | 89,320 | 8,786,408 | |||
TOTAL CHILE | 24,514,254 | ||||
CHINA — (28.3%) | |||||
360 Security Technology, Inc., Class A | 409,600 | 449,585 | |||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A | 189,863 | 551,928 | |||
ADAMA Ltd., Class A | 43,600 | 70,180 | |||
Addsino Co. Ltd., Class A | 72,300 | 122,679 | |||
AECC Aero-Engine Control Co. Ltd., Class A | 68,057 | 276,037 | |||
AECC Aviation Power Co. Ltd., Class A | 79,700 | 589,547 | |||
Agile Group Holdings Ltd. | 2,346,000 | 768,733 | |||
Agricultural Bank of China Ltd., Class H | 14,534,000 | 4,793,633 | |||
Aier Eye Hospital Group Co. Ltd., Class A | 293,917 | 1,328,392 | |||
* | Air China Ltd., Class H | 1,158,000 | 908,897 | ||
* | Alibaba Group Holding Ltd., Sponsored ADR | 854,378 | 76,355,762 | ||
* | Alibaba Group Holding Ltd. | 714,100 | 8,028,961 | ||
* | Alibaba Health Information Technology Ltd. | 2,422,000 | 1,454,406 | ||
All Winner Technology Co. Ltd., Class A | 18,600 | 69,380 | |||
# | Aluminum Corp. of China Ltd., ADR | 6,024 | 55,963 | ||
Aluminum Corp. of China Ltd., Class H | 7,864,000 | 2,880,204 | |||
* | Amlogic Shanghai Co. Ltd., Class A | 16,876 | 212,140 | ||
Angel Yeast Co. Ltd., Class A | 49,300 | 325,118 | |||
Anhui Conch Cement Co. Ltd., Class H | 1,881,000 | 7,442,513 | |||
Anhui Guangxin Agrochemical Co. Ltd., Class A | 61,420 | 240,998 | |||
Anhui Gujing Distillery Co. Ltd., Class A | 11,716 | 371,601 | |||
Anhui Honglu Steel Construction Group Co. Ltd., Class A | 68,664 | 305,610 | |||
Anhui Jinhe Industrial Co. Ltd., Class A | 50,800 | 306,134 | |||
Anhui Kouzi Distillery Co. Ltd., Class A | 71,000 | 528,362 | |||
Anhui Yingjia Distillery Co. Ltd., Class A | 38,000 | 307,946 | |||
Anhui Zhongding Sealing Parts Co. Ltd., Class A | 96,800 | 325,406 | |||
Anjoy Foods Group Co. Ltd., Class A | 14,400 | 314,347 | |||
Anker Innovations Technology Co. Ltd., Class A | 19,400 | 212,130 | |||
ANTA Sports Products Ltd. | 612,400 | 6,743,047 | |||
Apeloa Pharmaceutical Co. Ltd., Class A | 136,420 | 390,713 | |||
* | Asia - Potash International Investment Guangzhou Co. Ltd., Class A | 47,574 | 246,164 | ||
Asymchem Laboratories Tianjin Co. Ltd., Class A | 10,780 | 264,040 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
CHINA — (Continued) | |||||
Avary Holding Shenzhen Co. Ltd., Class A | 140,276 | $641,262 | |||
AVIC Electromechanical Systems Co. Ltd., Class A | 155,700 | 273,512 | |||
AVIC Industry-Finance Holdings Co. Ltd., Class A | 327,700 | 158,765 | |||
AVICOPTER PLC, Class A | 22,704 | 147,604 | |||
Bafang Electric Suzhou Co. Ltd., Class A | 6,600 | 171,667 | |||
# * | Baidu, Inc., Sponsored ADR | 25,812 | 3,525,145 | ||
* | Baidu, Inc., Class A | 783,900 | 13,549,239 | ||
Bank of Beijing Co. Ltd., Class A | 697,408 | 431,999 | |||
Bank of Changsha Co. Ltd., Class A | 436,484 | 479,899 | |||
Bank of Chengdu Co. Ltd., Class A | 157,850 | 361,432 | |||
Bank of China Ltd., Class H | 43,912,181 | 15,614,520 | |||
Bank of Communications Co. Ltd., Class H | 6,088,515 | 3,623,964 | |||
Bank of Guiyang Co. Ltd., Class A | 471,595 | 392,280 | |||
Bank of Hangzhou Co. Ltd., Class A | 242,404 | 515,075 | |||
Bank of Jiangsu Co. Ltd., Class A | 742,270 | 794,386 | |||
Bank of Nanjing Co. Ltd., Class A | 454,780 | 698,387 | |||
Bank of Ningbo Co. Ltd., Class A | 317,342 | 1,472,475 | |||
Bank of Shanghai Co. Ltd., Class A | 458,383 | 405,876 | |||
Bank of Suzhou Co. Ltd., Class A | 312,960 | 298,069 | |||
Baoshan Iron & Steel Co. Ltd., Class A | 1,014,500 | 855,781 | |||
# * | BeiGene Ltd., ADR | 741 | 124,547 | ||
* | BeiGene Ltd. | 255,700 | 3,289,171 | ||
Beijing Bei Mo Gao Ke Friction Material Co. Ltd., Class A | 24,020 | 216,827 | |||
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A | 818,160 | 357,603 | |||
* | Beijing Compass Technology Development Co. Ltd., Class A | 23,700 | 184,780 | ||
* | Beijing Dabeinong Technology Group Co. Ltd., Class A | 202,052 | 217,860 | ||
Beijing Dahao Technology Corp. Ltd., Class A | 26,100 | 83,240 | |||
Beijing Easpring Material Technology Co. Ltd., Class A | 24,700 | 352,378 | |||
Beijing Enlight Media Co. Ltd., Class A | 258,706 | 321,305 | |||
Beijing GeoEnviron Engineering & Technology, Inc., Class A | 64,440 | 125,003 | |||
Beijing Huafeng Test & Control Technology Co. Ltd., Class A | 4,133 | 195,043 | |||
* | Beijing Jingyuntong Technology Co. Ltd., Class A | 100,200 | 135,219 | ||
Beijing Kingsoft Office Software, Inc., Class A | 6,588 | 171,452 | |||
Beijing New Building Materials PLC, Class A | 118,403 | 506,244 | |||
Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A | 132,362 | 795,098 | |||
Beijing Originwater Technology Co. Ltd., Class A | 293,800 | 242,850 | |||
Beijing Roborock Technology Co. Ltd., Class A | 5,493 | 265,944 | |||
Beijing Shiji Information Technology Co. Ltd., Class A | 93,560 | 197,796 | |||
Beijing Shougang Co. Ltd., Class A | 257,300 | 161,706 | |||
Beijing Shunxin Agriculture Co. Ltd., Class A | 48,400 | 168,887 | |||
Beijing Sinnet Technology Co. Ltd., Class A | 116,888 | 166,769 | |||
Beijing Tiantan Biological Products Corp. Ltd., Class A | 77,216 | 229,568 | |||
Beijing Tongrentang Co. Ltd., Class A | 36,400 | 254,701 | |||
Beijing United Information Technology Co. Ltd., Class A | 20,155 | 274,975 | |||
Beijing Yanjing Brewery Co. Ltd., Class A | 26,600 | 32,778 | |||
Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd., Class A | 17,400 | 307,723 | |||
Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A | 82,575 | 260,573 | |||
Beijing-Shanghai High Speed Railway Co. Ltd., Class A | 1,062,900 | 733,624 | |||
Bethel Automotive Safety Systems Co. Ltd., Class A | 19,400 | 306,442 | |||
Betta Pharmaceuticals Co. Ltd., Class A | 24,206 | 179,980 | |||
BGI Genomics Co. Ltd., Class A | 34,100 | 314,045 | |||
* | Bilibili, Inc., Class Z | 152,700 | 3,732,477 | ||
Bloomage Biotechnology Corp. Ltd., Class A | 6,559 | 155,348 | |||
BOC International China Co. Ltd., Class A | 89,700 | 168,172 | |||
BOE Technology Group Co. Ltd., Class A | 2,001,800 | 1,156,820 | |||
Bosideng International Holdings Ltd. | 3,214,000 | 1,875,847 | |||
Boya Bio-pharmaceutical Group Co. Ltd., Class A | 27,200 | 133,505 | |||
Bright Dairy & Food Co. Ltd., Class A | 24,800 | 44,557 | |||
BTG Hotels Group Co. Ltd., Class A | 75,200 | 233,552 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
CHINA — (Continued) | |||||
BYD Co. Ltd., Class H | 403,886 | $14,776,562 | |||
# | BYD Electronic International Co. Ltd. | 1,340,000 | 3,442,723 | ||
By-health Co. Ltd., Class A | 124,793 | 342,620 | |||
Caitong Securities Co. Ltd., Class A | 547,690 | 593,049 | |||
* | CECEP Solar Energy Co. Ltd., Class A | 241,000 | 319,601 | ||
CECEP Wind-Power Corp., Class A | 381,200 | 308,841 | |||
Centre Testing International Group Co. Ltd., Class A | 27,300 | 83,387 | |||
Ω | CGN Power Co. Ltd., Class H | 4,899,000 | 1,129,628 | ||
Changchun High & New Technology Industry Group, Inc., Class A | 20,900 | 602,695 | |||
Changjiang Securities Co. Ltd., Class A | 435,670 | 351,967 | |||
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A | 9,700 | 253,521 | |||
Chaozhou Three-Circle Group Co. Ltd., Class A | 139,705 | 557,334 | |||
Chengdu Wintrue Holding Co. Ltd., Class A | 54,300 | 117,188 | |||
Chengtun Mining Group Co. Ltd., Class A | 308,000 | 360,774 | |||
Chengxin Lithium Group Co. Ltd., Class A | 36,329 | 306,526 | |||
* | Chifeng Jilong Gold Mining Co. Ltd., Class A | 107,700 | 292,153 | ||
China Baoan Group Co. Ltd., Class A | 146,334 | 309,785 | |||
China Cinda Asset Management Co. Ltd., Class H | 7,009,000 | 965,499 | |||
China CITIC Bank Corp. Ltd., Class H | 9,190,928 | 3,841,625 | |||
China Coal Energy Co. Ltd., Class H | 3,825,777 | 2,976,175 | |||
†† | China Common Rich Renewable Energy Investments Ltd. | 5,416,000 | 646,824 | ||
* | China Conch Environment Protection Holdings Ltd. | 1,045,000 | 827,461 | ||
China Conch Venture Holdings Ltd. | 1,669,000 | 3,235,668 | |||
China Construction Bank Corp., Class H | 59,766,590 | 38,167,552 | |||
China CSSC Holdings Ltd., Class A | 45,800 | 158,853 | |||
* | China Eastern Airlines Corp. Ltd., ADR | 11,068 | 200,508 | ||
* | China Eastern Airlines Corp. Ltd., Class H | 1,516,000 | 552,372 | ||
* | China Energy Engineering Corp Ltd | 2,502,823 | 851,973 | ||
China Energy Engineering Corp. Ltd., Class H | 1,632,000 | 216,392 | |||
China Everbright Bank Co. Ltd., Class H | 3,983,000 | 1,207,982 | |||
Ω | China Feihe Ltd. | 5,367,000 | 4,712,625 | ||
China Galaxy Securities Co. Ltd., Class H | 5,155,500 | 2,549,538 | |||
China Gas Holdings Ltd. | 5,895,400 | 9,062,084 | |||
China Great Wall Securities Co. Ltd., Class A | 196,900 | 263,293 | |||
China Greatwall Technology Group Co. Ltd., Class A | 182,800 | 262,677 | |||
China Hongqiao Group Ltd. | 4,665,000 | 4,861,277 | |||
Ω | China International Capital Corp. Ltd., Class H | 1,813,600 | 3,334,713 | ||
China International Marine Containers Group Co. Ltd., Class H | 1,018,230 | 985,421 | |||
China Jushi Co. Ltd., Class A | 317,369 | 704,748 | |||
# | China Life Insurance Co. Ltd., ADR | 347,413 | 2,595,175 | ||
China Life Insurance Co. Ltd., Class H | 1,945,000 | 2,896,921 | |||
* Ω | China Literature Ltd. | 329,600 | 1,298,980 | ||
China Longyuan Power Group Corp. Ltd., Class H | 1,404,000 | 2,255,610 | |||
China Meheco Co. Ltd., Class A | 69,411 | 149,720 | |||
China Mengniu Dairy Co. Ltd. | 1,853,000 | 8,609,025 | |||
China Merchants Bank Co. Ltd., Class H | 2,789,554 | 15,072,791 | |||
China Merchants Energy Shipping Co. Ltd., Class A | 607,440 | 624,279 | |||
China Merchants Port Holdings Co. Ltd. | 394,271 | 635,899 | |||
China Merchants Property Operation & Service Co. Ltd., Class A | 64,100 | 155,838 | |||
Ω | China Merchants Securities Co. Ltd., Class H | 520,660 | 482,433 | ||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | 325,873 | 663,087 | |||
* | China Minmetals Rare Earth Co. Ltd., Class A | 20,691 | 87,509 | ||
# | China Minsheng Banking Corp. Ltd., Class H | 4,818,600 | 1,571,564 | ||
China Molybdenum Co. Ltd., Class H | 5,202,966 | 2,554,332 | |||
China National Building Material Co. Ltd., Class H | 10,352,000 | 10,390,551 | |||
China National Nuclear Power Co. Ltd., Class A | 1,023,390 | 938,424 | |||
China Northern Rare Earth Group High-Tech Co. Ltd., Class A | 139,600 | 651,593 | |||
China Oilfield Services Ltd., Class H | 2,312,000 | 2,129,759 | |||
China Overseas Land & Investment Ltd. | 5,474,500 | 15,128,337 |
The Emerging Markets Series
CONTINUED
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CHINA — (Continued) | |||||
China Pacific Insurance Group Co. Ltd., Class H | 2,832,600 | $6,050,502 | |||
China Petroleum & Chemical Corp., ADR | 52,089 | 2,444,523 | |||
China Petroleum & Chemical Corp., Class H | 12,896,800 | 6,080,276 | |||
China Power International Development Ltd. | 740,000 | 419,194 | |||
China Railway Group Ltd., Class H | 4,311,000 | 2,566,315 | |||
Ω | China Railway Signal & Communication Corp. Ltd., Class H | 1,920,000 | 613,805 | ||
China Resources Beer Holdings Co. Ltd. | 859,611 | 5,929,348 | |||
China Resources Cement Holdings Ltd. | 4,938,000 | 3,037,360 | |||
China Resources Gas Group Ltd. | 1,798,000 | 7,545,183 | |||
China Resources Land Ltd. | 4,798,666 | 20,040,568 | |||
China Resources Microelectronics Ltd., Class A | 28,998 | 218,493 | |||
China Resources Power Holdings Co. Ltd. | 1,598,517 | 3,009,595 | |||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 68,058 | 366,372 | |||
China Shenhua Energy Co. Ltd., Class H | 2,649,500 | 7,488,386 | |||
China South Publishing & Media Group Co. Ltd., Class A | 35,800 | 47,390 | |||
* | China Southern Airlines Co. Ltd., Sponsored ADR | 6,512 | 179,210 | ||
* | China Southern Airlines Co. Ltd., Class H | 1,716,000 | 929,338 | ||
China Southern Power Grid Energy Efficiency & Clean Energy Co. Ltd., Class A | 113,000 | 116,438 | |||
China Southern Power Grid Energy Efficiency&Clean Energy Co. Ltd., Class A | 58,400 | 60,224 | |||
China State Construction Engineering Corp. Ltd., Class A | 1,922,400 | 1,438,296 | |||
China Suntien Green Energy Corp. Ltd., Class H | 673,000 | 330,106 | |||
China Taiping Insurance Holdings Co. Ltd. | 1,285,906 | 1,355,957 | |||
China Tourism Group Duty Free Corp. Ltd., Class A | 91,500 | 2,858,003 | |||
Ω | China Tower Corp. Ltd., Class H | 65,984,000 | 8,489,013 | ||
* | China Tungsten & Hightech Materials Co. Ltd., Class A | 62,600 | 164,783 | ||
China Vanke Co. Ltd., Class H | 2,747,520 | 5,225,993 | |||
China Yangtze Power Co. Ltd., Class A | 748,847 | 2,657,117 | |||
China Zhenhua Group Science & Technology Co. Ltd., Class A | 21,800 | 383,613 | |||
* | China Zheshang Bank Co. Ltd., Class H | 82,000 | 38,299 | ||
Chongqing Brewery Co. Ltd., Class A | 21,500 | 392,381 | |||
Chongqing Changan Automobile Co. Ltd., Class A | 260,130 | 710,732 | |||
Chongqing Fuling Zhacai Group Co. Ltd., Class A | 47,200 | 209,065 | |||
Chongqing Rural Commercial Bank Co. Ltd., Class H | 2,634,000 | 916,589 | |||
Chongqing Zhifei Biological Products Co. Ltd., Class A | 83,314 | 1,231,120 | |||
CITIC Ltd. | 4,725,000 | 5,110,480 | |||
CITIC Securities Co. Ltd., Class H | 2,373,300 | 4,879,943 | |||
CNHTC Jinan Truck Co. Ltd., Class A | 22,900 | 44,508 | |||
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A | 209,235 | 308,587 | |||
CNOOC Energy Technology & Services Ltd., Class A | 597,700 | 226,705 | |||
CNSIG Inner Mongolia Chemical Industry Co. Ltd. | 102,400 | 309,065 | |||
COFCO Biotechnology Co. Ltd., Class A | 114,467 | 147,764 | |||
* | Contemporary Amperex Technology Co. Ltd., Class A | 70,420 | 5,350,663 | ||
* | COSCO SHIPPING Energy Transportation Co. Ltd., Class H | 936,000 | 643,577 | ||
COSCO SHIPPING Holdings Co. Ltd., Class H | 4,131,799 | 6,198,863 | |||
# | Country Garden Holdings Co. Ltd. | 14,264,067 | 5,516,190 | ||
Country Garden Services Holdings Co. Ltd. | 2,694,492 | 6,008,837 | |||
Ω | CSC Financial Co. Ltd., Class H | 1,027,500 | 960,060 | ||
CSPC Pharmaceutical Group Ltd. | 12,921,200 | 14,148,124 | |||
Daan Gene Co. Ltd., Class A | 171,580 | 478,647 | |||
Ω | Dali Foods Group Co. Ltd. | 4,344,000 | 2,068,329 | ||
Dalian Huarui Heavy Industry Group Co. Ltd., Class A | 75,700 | 90,151 | |||
Daqin Railway Co. Ltd., Class A | 883,060 | 793,410 | |||
DaShenLin Pharmaceutical Group Co. Ltd., Class A | 126,810 | 606,897 | |||
Datang International Power Generation Co. Ltd., Class H | 1,784,000 | 330,099 | |||
DHC Software Co. Ltd., Class A | 290,300 | 266,884 | |||
Dian Diagnostics Group Co. Ltd., Class A | 58,501 | 266,672 | |||
Do-Fluoride Chemicals Co. Ltd., Class A | 45,609 | 330,094 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
CHINA — (Continued) | |||||
Dong-E-E-Jiao Co. Ltd., Class A | 42,611 | $226,632 | |||
Dongfang Electric Corp. Ltd., Class H | 305,200 | 385,837 | |||
Dongfeng Motor Group Co. Ltd., Class H | 1,426,000 | 985,358 | |||
Dongxing Securities Co. Ltd., Class A | 323,718 | 394,931 | |||
East Group Co. Ltd., Class A | 103,600 | 134,718 | |||
East Money Information Co. Ltd., Class A | 396,828 | 1,314,363 | |||
Ecovacs Robotics Co. Ltd., Class A | 24,200 | 333,166 | |||
Electric Connector Technology Co. Ltd., Class A | 23,700 | 168,412 | |||
ENN Energy Holdings Ltd. | 398,100 | 6,494,042 | |||
ENN Natural Gas Co. Ltd., Class A | 245,000 | 628,035 | |||
Eternal Asia Supply Chain Management Ltd., Class A | 113,500 | 109,461 | |||
Eve Energy Co. Ltd., Class A | 38,105 | 535,369 | |||
# Ω | Everbright Securities Co. Ltd., Class H | 442,400 | 281,556 | ||
* | Fangda Carbon New Material Co. Ltd., Class A | 374,324 | 393,342 | ||
Fangda Special Steel Technology Co. Ltd., Class A | 289,000 | 288,007 | |||
FAW Jiefang Group Co. Ltd., Class A | 112,300 | 145,239 | |||
Fiberhome Telecommunication Technologies Co. Ltd., Class A | 49,300 | 105,819 | |||
Financial Street Holdings Co. Ltd., Class A | 180,200 | 153,456 | |||
First Capital Securities Co. Ltd., Class A | 320,000 | 290,482 | |||
# * | Flat Glass Group Co. Ltd., Class H | 396,000 | 1,435,363 | ||
Focus Media Information Technology Co. Ltd., Class A | 727,597 | 639,317 | |||
Foryou Corp. | 12,900 | 110,421 | |||
Foshan Haitian Flavouring & Food Co. Ltd., Class A | 158,223 | 1,944,181 | |||
Fosun International Ltd. | 3,138,722 | 2,472,885 | |||
Founder Securities Co. Ltd., Class A | 411,200 | 401,548 | |||
Foxconn Industrial Internet Co. Ltd., Class A | 201,400 | 300,777 | |||
Fujian Funeng Co. Ltd., Class A | 103,000 | 180,773 | |||
Fujian Sunner Development Co. Ltd., Class A | 77,263 | 227,108 | |||
Ω | Fuyao Glass Industry Group Co. Ltd., Class H | 754,800 | 3,661,511 | ||
Gan & Lee Pharmaceuticals Co. Ltd., Class A | 30,040 | 182,053 | |||
# Ω | Ganfeng Lithium Co. Ltd., Class H | 176,399 | 1,595,046 | ||
Gansu Shangfeng Cement Co. Ltd., Class A | 17,160 | 37,611 | |||
Gaona Aero Material Co. Ltd., Class A | 17,800 | 129,777 | |||
G-bits Network Technology Xiamen Co. Ltd., Class A | 7,300 | 385,281 | |||
GCL Energy Technology Co. Ltd. | 130,300 | 336,613 | |||
* | GCL System Integration Technology Co. Ltd., Class A | 241,200 | 158,419 | ||
* | GCL Technology Holdings Ltd. | 20,189,000 | 8,835,362 | ||
* | GD Power Development Co. Ltd., Class A | 446,700 | 252,999 | ||
# * | GDS Holdings Ltd., ADR | 33,715 | 933,231 | ||
* | GDS Holdings Ltd., Class A | 399,000 | 1,366,643 | ||
Geely Automobile Holdings Ltd. | 5,772,000 | 11,445,263 | |||
GEM Co. Ltd., Class A | 169,076 | 245,478 | |||
Gemdale Corp., Class A | 343,800 | 598,203 | |||
* | Genscript Biotech Corp. | 470,000 | 1,701,701 | ||
GF Securities Co. Ltd., Class H | 1,068,800 | 1,414,860 | |||
Giant Network Group Co. Ltd., Class A | 85,600 | 106,674 | |||
Gigadevice Semiconductor Beijing, Inc., Class A | 12,574 | 221,667 | |||
Ginlong Technologies Co. Ltd., Class A | 18,825 | 642,212 | |||
Glarun Technology Co. Ltd., Class A | 69,600 | 166,312 | |||
GoerTek, Inc., Class A | 198,500 | 938,631 | |||
Gongniu Group Co. Ltd., Class A | 4,200 | 91,439 | |||
Gotion High-tech Co. Ltd., Class A | 68,900 | 400,607 | |||
Grandblue Environment Co. Ltd., Class A | 40,300 | 125,711 | |||
Great Wall Motor Co. Ltd., Class H | 1,852,500 | 2,936,795 | |||
Gree Electric Appliances, Inc. of Zhuhai, Class A | 160,333 | 792,460 | |||
Greenland Holdings Corp. Ltd., Class A | 429,847 | 226,613 | |||
GRG Banking Equipment Co. Ltd., Class A | 284,000 | 387,997 | |||
* | Guangdong Create Century Intelligent Equipment Group Corp. Ltd., Class A | 92,800 | 164,262 |
The Emerging Markets Series
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Guangdong Haid Group Co. Ltd., Class A | 55,800 | $544,466 | |||
* | Guangdong HEC Technology Holding Co. Ltd., Class A | 204,200 | 350,789 | ||
Guangdong Hongda Holdings Group Co. Ltd., Class A | 46,600 | 209,053 | |||
Guangdong Investment Ltd. | 2,600,000 | 2,532,726 | |||
Guangdong Kinlong Hardware Products Co. Ltd., Class A | 31,500 | 376,590 | |||
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A | 59,500 | 201,297 | |||
Guanghui Energy Co. Ltd., Class A | 422,000 | 611,130 | |||
Guangxi Guiguan Electric Power Co. Ltd., Class A | 34,400 | 32,009 | |||
Guangzhou Automobile Group Co. Ltd., Class H | 2,287,162 | 2,146,849 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H | 208,000 | 549,481 | |||
Guangzhou Great Power Energy & Technology Co. Ltd., Class A | 13,400 | 148,935 | |||
Guangzhou Haige Communications Group, Inc. Co., Class A | 222,052 | 295,132 | |||
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A | 40,301 | 416,562 | |||
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A | 34,000 | 343,547 | |||
Guangzhou Tinci Materials Technology Co. Ltd., Class A | 74,340 | 578,988 | |||
Guangzhou Wondfo Biotech Co. Ltd., Class A | 47,700 | 265,427 | |||
Guangzhou Yuexiu Financial Holdings Group Co. Ltd., Class A | 261,404 | 248,712 | |||
Guizhou Panjiang Refined Coal Co. Ltd., Class A | 217,400 | 273,446 | |||
Guocheng Mining Co. Ltd., Class A | 44,900 | 126,513 | |||
Guosen Securities Co. Ltd., Class A | 186,700 | 255,523 | |||
Ω | Guotai Junan Securities Co. Ltd., Class H | 474,400 | 563,931 | ||
Guoyuan Securities Co. Ltd., Class A | 512,240 | 492,146 | |||
Haier Smart Home Co. Ltd., Class A | 258,200 | 951,385 | |||
Haier Smart Home Co. Ltd., Class H | 2,621,600 | 8,390,452 | |||
Haitong Securities Co. Ltd., Class H | 2,434,800 | 1,630,709 | |||
* | Hang Zhou Great Star Industrial Co. Ltd., Class A | 73,900 | 212,660 | ||
Hangjin Technology Co. Ltd., Class A | 47,700 | 223,632 | |||
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A | 235,800 | 333,788 | |||
Hangzhou Chang Chuan Technology Co. Ltd., Class A | 14,494 | 108,628 | |||
Hangzhou First Applied Material Co. Ltd., Class A | 45,311 | 470,623 | |||
Hangzhou Lion Electronics Co. Ltd., Class A | 14,184 | 119,871 | |||
Hangzhou Oxygen Plant Group Co. Ltd., Class A | 93,100 | 533,549 | |||
Hangzhou Robam Appliances Co. Ltd., Class A | 67,421 | 283,458 | |||
Hangzhou Silan Microelectronics Co. Ltd., Class A | 56,822 | 352,029 | |||
Hangzhou Tigermed Consulting Co. Ltd., Class A | 12,100 | 183,506 | |||
Ω | Hangzhou Tigermed Consulting Co. Ltd., Class H | 95,600 | 992,956 | ||
Han's Laser Technology Industry Group Co. Ltd., Class A | 128,617 | 607,476 | |||
Ω | Hansoh Pharmaceutical Group Co. Ltd. | 888,000 | 1,730,794 | ||
Haohua Chemical Science & Technology Co. Ltd., Class A | 30,000 | 195,001 | |||
Hebei Hengshui Laobaigan Liquor Co. Ltd., Class A | 15,600 | 60,188 | |||
Hefei Meiya Optoelectronic Technology, Inc., Class A | 84,295 | 272,651 | |||
Heilongjiang Agriculture Co. Ltd., Class A | 174,805 | 364,487 | |||
Henan Shenhuo Coal & Power Co. Ltd., Class A | 211,900 | 453,014 | |||
Henan Shuanghui Investment & Development Co. Ltd., Class A | 195,129 | 777,792 | |||
Hengan International Group Co. Ltd. | 1,126,500 | 5,452,501 | |||
Hengdian Group DMEGC Magnetics Co. Ltd., Class A | 96,321 | 353,421 | |||
Hengli Petrochemical Co. Ltd., Class A | 403,700 | 1,211,304 | |||
Hengtong Optic-electric Co. Ltd., Class A | 125,000 | 290,813 | |||
Hengyi Petrochemical Co. Ltd., Class A | 347,388 | 482,925 | |||
Hesteel Co. Ltd., Class A | 990,453 | 410,943 | |||
Hithink RoyalFlush Information Network Co. Ltd., Class A | 31,881 | 408,174 | |||
Hongfa Technology Co. Ltd., Class A | 60,890 | 371,628 | |||
Hongta Securities Co. Ltd., Class A | 96,320 | 126,317 | |||
Huaan Securities Co. Ltd., Class A | 249,210 | 160,513 | |||
Huadong Medicine Co. Ltd., Class A | 70,000 | 468,430 | |||
Huafon Chemical Co. Ltd., Class A | 485,983 | 549,111 | |||
Huagong Tech Co. Ltd., Class A | 60,800 | 199,616 | |||
Huaibei Mining Holdings Co. Ltd., Class A | 247,300 | 478,588 | |||
Hualan Biological Engineering, Inc., Class A | 139,800 | 415,946 |
The Emerging Markets Series
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* | Huaneng Power International, Inc., Class H | 1,882,000 | $899,806 | ||
Ω | Huatai Securities Co. Ltd., Class H | 1,361,000 | 1,795,310 | ||
Huaxi Securities Co. Ltd., Class A | 159,100 | 175,875 | |||
Huaxia Bank Co. Ltd., Class A | 644,456 | 490,114 | |||
Huaxin Cement Co. Ltd., Class A | 206,300 | 550,124 | |||
Huayu Automotive Systems Co. Ltd., Class A | 153,600 | 500,270 | |||
Huazhu Group Ltd., ADR | 102,031 | 3,912,889 | |||
Hubei Biocause Pharmaceutical Co. Ltd., Class A | 297,745 | 148,377 | |||
Hubei Dinglong Co. Ltd., Class A | 44,900 | 140,091 | |||
Hubei Energy Group Co. Ltd., Class A | 199,271 | 147,567 | |||
Hubei Feilihua Quartz Glass Co. Ltd., Class A | 25,200 | 180,857 | |||
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | 59,400 | 213,924 | |||
Hubei Xingfa Chemicals Group Co. Ltd., Class A | 112,400 | 622,851 | |||
Huizhou Desay Sv Automotive Co. Ltd., Class A | 16,600 | 482,303 | |||
Humanwell Healthcare Group Co. Ltd., Class A | 141,200 | 368,345 | |||
Hunan Valin Steel Co. Ltd., Class A | 933,000 | 630,655 | |||
Hunan Zhongke Electric Co. Ltd., Class A | 35,100 | 150,423 | |||
Hundsun Technologies, Inc., Class A | 48,792 | 307,992 | |||
Iflytek Co. Ltd., Class A | 70,100 | 438,256 | |||
Imeik Technology Development Co. Ltd., Class A | 3,800 | 331,169 | |||
Industrial & Commercial Bank of China Ltd., Class H | 30,774,185 | 16,269,931 | |||
Industrial Bank Co. Ltd., Class A | 643,039 | 1,698,720 | |||
Industrial Securities Co. Ltd., Class A | 501,960 | 482,203 | |||
Infore Environment Technology Group Co. Ltd., Class A | 82,224 | 62,212 | |||
Ingenic Semiconductor Co. Ltd., Class A | 18,000 | 238,484 | |||
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A | 1,386,020 | 465,736 | |||
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A | 194,800 | 386,122 | |||
Inner Mongolia ERDOS Resources Co. Ltd., Class A | 145,040 | 393,190 | |||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A | 810,103 | 547,499 | |||
Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 318,000 | 1,691,778 | |||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A | 312,300 | 424,105 | |||
Inspur Electronic Information Industry Co. Ltd., Class A | 69,984 | 252,630 | |||
Intco Medical Technology Co. Ltd., Class A | 89,442 | 305,634 | |||
JA Solar Technology Co. Ltd., Class A | 71,103 | 821,223 | |||
Jafron Biomedical Co. Ltd., Class A | 28,865 | 189,906 | |||
Jason Furniture Hangzhou Co. Ltd., Class A | 67,080 | 460,400 | |||
JCET Group Co. Ltd., Class A | 185,200 | 694,837 | |||
* Ω | JD Health International, Inc. | 125,350 | 950,783 | ||
# | JD.com, Inc., ADR | 124,763 | 7,423,398 | ||
JD.com, Inc., Class A | 426,721 | 12,730,173 | |||
* | Jiangsu Akcome Science & Technology Co. Ltd., Class A | 250,900 | 149,663 | ||
Jiangsu Azure Corp., Class A | 75,000 | 217,873 | |||
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A | 138,369 | 158,780 | |||
Jiangsu Eastern Shenghong Co. Ltd., Class A | 138,440 | 406,043 | |||
Jiangsu Expressway Co. Ltd., Class H | 1,020,000 | 890,116 | |||
Jiangsu GoodWe Power Supply Technology Co. Ltd., Class A | 3,252 | 166,017 | |||
Jiangsu Guotai International Group Co. Ltd., Class A | 123,263 | 178,896 | |||
Jiangsu Guoxin Corp., Ltd., Class A | 88,700 | 89,773 | |||
Jiangsu Hengli Hydraulic Co. Ltd., Class A | 70,098 | 542,726 | |||
Jiangsu Hengrui Medicine Co. Ltd., Class A | 159,955 | 839,022 | |||
* | Jiangsu Hoperun Software Co., Ltd., Class A | 32,000 | 96,862 | ||
Jiangsu Jiejie Microelectronics Co. Ltd., Class A | 51,900 | 174,773 | |||
Jiangsu King's Luck Brewery JSC Ltd., Class A | 85,912 | 558,617 | |||
Jiangsu Linyang Energy Co. Ltd., Class A | 126,467 | 180,650 | |||
Jiangsu Nata Opto-electronic Material Co. Ltd., Class A | 26,990 | 124,109 | |||
Jiangsu Provincial Agricultural Reclamation & Development Corp | 92,100 | 180,504 | |||
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A | 90,900 | 374,576 | |||
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A | 56,690 | 1,391,598 |
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Jiangsu Yangnong Chemical Co. Ltd., Class A | 29,505 | $504,030 | |||
Jiangsu Yoke Technology Co. Ltd., Class A | 25,862 | 195,183 | |||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | 84,400 | 337,788 | |||
* | Jiangsu Zhongtian Technology Co. Ltd., Class A | 93,400 | 319,706 | ||
Jiangxi Copper Co. Ltd., Class H | 1,535,000 | 1,880,377 | |||
* | Jiangxi Zhengbang Technology Co. Ltd., Class A | 114,400 | 103,256 | ||
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A | 9,000 | 19,330 | |||
* | Jilin Electric Power Co. Ltd., Class A | 127,000 | 137,975 | ||
Jingjin Equipment, Inc., Class A | 50,780 | 250,492 | |||
JiuGui Liquor Co. Ltd., Class A | 11,500 | 251,981 | |||
Jizhong Energy Resources Co. Ltd., Class A | 315,100 | 314,782 | |||
JL Mag Rare-Earth Co. Ltd., Class A | 20,300 | 139,770 | |||
Joincare Pharmaceutical Group Industry Co. Ltd., Class A | 194,455 | 318,592 | |||
Joinn Laboratories China Co. Ltd., Class A | 8,140 | 133,902 | |||
Jointown Pharmaceutical Group Co. Ltd., Class A | 227,867 | 383,687 | |||
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd., Class A | 45,900 | 236,697 | |||
Juewei Food Co. Ltd., Class A | 25,544 | 198,381 | |||
* | Juneyao Airlines Co. Ltd., Class A | 70,540 | 156,106 | ||
KBC Corp. Ltd., Class A | 6,057 | 322,375 | |||
Keboda Technology Co. Ltd., Class A | 8,000 | 84,966 | |||
Kehua Data Co. Ltd., Class A | 26,700 | 155,648 | |||
* | Kingdee International Software Group Co. Ltd. | 1,154,000 | 2,491,627 | ||
Kingfa Sci & Tech Co. Ltd., Class A | 240,687 | 360,733 | |||
Kingsoft Corp. Ltd. | 895,000 | 2,988,368 | |||
Konfoong Materials International Co. Ltd., Class A | 9,500 | 104,706 | |||
* | Kuang-Chi Technologies Co. Ltd., Class A | 102,600 | 274,329 | ||
Kunlun Energy Co. Ltd. | 6,030,000 | 4,439,088 | |||
Kunlun Tech Co. Ltd., Class A | 52,600 | 112,151 | |||
Kweichow Moutai Co. Ltd., Class A | 55,993 | 15,776,094 | |||
KWG Living Group Holdings Ltd. | 421,250 | 85,924 | |||
Lao Feng Xiang Co. Ltd., Class A | 26,700 | 151,120 | |||
LB Group Co. Ltd., Class A | 223,200 | 675,131 | |||
Lenovo Group Ltd. | 11,803,278 | 11,446,757 | |||
Lens Technology Co. Ltd., Class A | 316,800 | 513,420 | |||
Lepu Medical Technology Beijing Co. Ltd., Class A | 180,977 | 481,792 | |||
Levima Advanced Materials Corp., Class A | 27,200 | 194,999 | |||
Leyard Optoelectronic Co. Ltd., Class A | 105,400 | 100,934 | |||
# * | Li Auto, Inc., ADR | 128,166 | 4,208,971 | ||
Li Ning Co. Ltd. | 1,311,000 | 10,634,348 | |||
LianChuang Electronic Technology Co., Ltd., Class A | 29,700 | 78,015 | |||
Lier Chemical Co. Ltd., Class A | 74,940 | 249,961 | |||
* | Lingyi iTech Guangdong Co., Class A | 556,018 | 424,983 | ||
Lizhong Sitong Light Alloys Group Co. Ltd., Class A | 40,800 | 234,703 | |||
Ω | Longfor Group Holdings Ltd. | 2,447,500 | 8,177,995 | ||
LONGi Green Energy Technology Co. Ltd., Class A | 335,888 | 3,077,506 | |||
Longshine Technology Group Co. Ltd., Class A | 57,108 | 261,009 | |||
Luenmei Quantum Co. Ltd., Class A | 120,500 | 133,264 | |||
Luoyang Xinqianglian Slewing Bearing Co. Ltd., Class A | 14,560 | 208,715 | |||
Luxi Chemical Group Co. Ltd., Class A | 293,600 | 614,560 | |||
Luxshare Precision Industry Co. Ltd., Class A | 308,224 | 1,554,603 | |||
Luzhou Laojiao Co. Ltd., Class A | 73,529 | 2,427,528 | |||
Mango Excellent Media Co. Ltd., Class A | 157,092 | 733,032 | |||
Maxscend Microelectronics Co., Ltd., Class A | 22,900 | 327,726 | |||
* | Meinian Onehealth Healthcare Holdings Co. Ltd., Class A | 287,557 | 216,349 | ||
* Ω | Meituan, Class B | 1,133,000 | 25,416,984 | ||
Metallurgical Corp. of China Ltd., Class H | 4,740,000 | 991,110 | |||
* | Mianyang Fulin Precision Co. Ltd., Class A | 53,863 | 165,730 | ||
Midea Group Co. Ltd., Class A | 479,784 | 3,921,396 | |||
Milkyway Chemical Supply Chain Service Co. Ltd., Class A | 11,800 | 257,442 |
The Emerging Markets Series
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Ming Yang Smart Energy Group Ltd., Class A | 108,304 | $482,276 | |||
Montage Technology Co. Ltd., Class A | 27,314 | 232,465 | |||
Muyuan Foods Co. Ltd., Class A | 134,987 | 1,197,382 | |||
Nanjing Hanrui Cobalt Co. Ltd., Class A | 31,547 | 252,294 | |||
Nanjing Iron & Steel Co. Ltd., Class A | 670,400 | 303,968 | |||
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A | 115,510 | 320,709 | |||
Nanjing Securities Co. Ltd., Class A | 248,900 | 295,418 | |||
Nanjing Yunhai Special Metals Co. Ltd., Class A | 60,200 | 241,769 | |||
Nantong Jianghai Capacitor Co. Ltd., Class A | 48,864 | 197,325 | |||
NARI Technology Co. Ltd., Class A | 249,552 | 1,082,848 | |||
* | National Silicon Industry Group Co. Ltd., Class A | 86,293 | 259,361 | ||
NAURA Technology Group Co. Ltd., Class A | 10,700 | 404,263 | |||
NavInfo Co. Ltd., Class A | 92,650 | 192,391 | |||
NetEase, Inc., ADR | 193,704 | 18,010,598 | |||
NetEase, Inc. | 37,100 | 694,021 | |||
New China Life Insurance Co. Ltd., Class H | 1,181,500 | 2,815,546 | |||
* | New Hope Liuhe Co. Ltd., Class A | 159,700 | 377,702 | ||
Nine Dragons Paper Holdings Ltd. | 523,000 | 431,341 | |||
Ninestar Corp., Class A | 71,051 | 529,998 | |||
* | Ningbo Joyson Electronic Corp., Class A | 126,400 | 405,683 | ||
Ningbo Orient Wires & Cables Co. Ltd., Class A | 31,142 | 369,925 | |||
Ningbo Ronbay New Energy Technology Co. Ltd., Class A | 11,016 | 227,871 | |||
Ningbo Sanxing Medical Electric Co. Ltd., Class A | 65,300 | 121,256 | |||
Ningbo Tuopu Group Co. Ltd., Class A | 43,648 | 600,120 | |||
Ningbo Xusheng Auto Technology Co. Ltd., Class A | 26,000 | 167,451 | |||
Ningbo Zhoushan Port Co. Ltd., Class A | 449,700 | 261,264 | |||
Ningxia Baofeng Energy Group Co. Ltd., Class A | 320,300 | 640,628 | |||
* | NIO, Inc., ADR | 368,459 | 7,269,696 | ||
North Industries Group Red Arrow Co. Ltd., Class A | 55,100 | 268,655 | |||
* | Offcn Education Technology Co. Ltd., Class A | 80,212 | 60,455 | ||
Offshore Oil Engineering Co. Ltd., Class A | 310,100 | 194,610 | |||
* | OFILM Group Co. Ltd., Class A | 214,300 | 192,741 | ||
Oppein Home Group, Inc., Class A | 24,595 | 439,800 | |||
Ω | Orient Securities Co. Ltd., Class H | 1,012,800 | 485,890 | ||
Ovctek China, Inc., Class A | 44,452 | 315,297 | |||
* | Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A | 470,200 | 517,562 | ||
* | Pengdu Agriculture & Animal Husbandry Co. Ltd., Class A | 600,300 | 328,491 | ||
People's Insurance Co. Group of China Ltd. , Class H | 7,590,000 | 2,272,496 | |||
Perfect World Co. Ltd., Class A | 141,585 | 313,260 | |||
PetroChina Co. Ltd., ADR | 79,439 | 3,706,624 | |||
PetroChina Co. Ltd., Class H | 10,762,000 | 5,025,418 | |||
PharmaBlock Sciences Nanjing, Inc., Class A | 3,300 | 40,653 | |||
Ω | Pharmaron Beijing Co. Ltd., Class H | 135,150 | 1,099,521 | ||
PICC Property & Casualty Co. Ltd., Class H | 7,201,198 | 7,391,969 | |||
* | Pinduoduo, Inc., ADR | 122,979 | 6,027,201 | ||
Ping An Bank Co. Ltd., Class A | 608,900 | 1,148,065 | |||
Ping An Insurance Group Co. of China Ltd., Class H | 4,860,000 | 28,562,407 | |||
Pingdingshan Tianan Coal Mining Co. Ltd., Class A | 231,800 | 411,856 | |||
Poly Developments & Holdings Group Co. Ltd., Class A | 448,683 | 1,109,771 | |||
# Ω | Postal Savings Bank of China Co. Ltd., Class H | 4,462,000 | 2,952,167 | ||
Power Construction Corp. of China Ltd., Class A | 583,011 | 628,231 | |||
Proya Cosmetics Co. Ltd., Class A | 21,980 | 575,336 | |||
Qingdao Haier Biomedical Co. Ltd., Class A | 3,428 | 35,406 | |||
# Ω | Qingdao Port International Co. Ltd., Class H | 69,000 | 32,732 | ||
Qingdao Rural Commercial Bank Corp., Class A | 510,606 | 235,257 | |||
Qingdao Sentury Tire Co. Ltd., Class A | 43,800 | 239,807 | |||
Qingdao TGOOD Electric Co. Ltd., Class A | 78,000 | 220,455 | |||
Quectel Wireless Solutions Co. Ltd., Class A | 9,590 | 223,670 | |||
Red Avenue New Materials Group Co. Ltd., Class A | 18,300 | 78,752 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
* | Risen Energy Co. Ltd., Class A | 48,004 | $251,730 | ||
Riyue Heavy Industry Co. Ltd., Class A | 76,100 | 283,520 | |||
Rockchip Electronics Co. Ltd., Class A | 18,100 | 254,299 | |||
Rongsheng Petrochemical Co. Ltd., Class A | 530,694 | 1,127,667 | |||
* | Roshow Technology Co., Ltd., Class A | 75,800 | 158,201 | ||
SAIC Motor Corp. Ltd., Class A | 236,045 | 568,540 | |||
Sailun Group Co. Ltd., Class A | 195,400 | 344,799 | |||
Sanan Optoelectronics Co. Ltd., Class A | 114,600 | 377,696 | |||
Sangfor Technologies, Inc., Class A | 11,300 | 161,915 | |||
Sanquan Food Co. Ltd., Class A | 82,800 | 208,635 | |||
Sansure Biotech, Inc., Class A | 55,890 | 242,258 | |||
Sany Heavy Industry Co. Ltd., Class A | 323,734 | 819,291 | |||
Satellite Chemical Co. Ltd., Class A | 217,044 | 730,764 | |||
SDIC Power Holdings Co. Ltd., Class A | 251,000 | 385,164 | |||
Sealand Securities Co. Ltd., Class A | 328,190 | 169,285 | |||
* | Seazen Holdings Co. Ltd., Class A | 173,200 | 538,263 | ||
SF Holding Co. Ltd., Class A | 151,261 | 1,120,508 | |||
SG Micro Corp., Class A | 12,050 | 288,221 | |||
Shaanxi Coal Industry Co. Ltd., Class A | 694,700 | 1,970,575 | |||
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A | 260,300 | 824,759 | |||
Shandong Buchang Pharmaceuticals Co. Ltd., Class A | 20,500 | 57,691 | |||
Shandong Denghai Seeds Co. Ltd., Class A | 6,000 | 18,122 | |||
Shandong Dongyue Organosilicon Material Co. Ltd., Class A | 106,300 | 262,686 | |||
# Ω | Shandong Gold Mining Co. Ltd., Class H | 464,750 | 809,259 | ||
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A | 45,800 | 150,626 | |||
Shandong Hi-speed Co. Ltd., Class A | 111,700 | 86,830 | |||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 157,050 | 666,284 | |||
Shandong Linglong Tyre Co. Ltd., Class A | 130,200 | 555,973 | |||
Shandong Nanshan Aluminum Co. Ltd., Class A | 910,010 | 473,772 | |||
Shandong Shida Shenghua Chemical Group Co. Ltd., Class A | 15,100 | 309,852 | |||
Shandong Sun Paper Industry JSC Ltd., Class A | 357,850 | 624,332 | |||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 3,303,200 | 4,131,842 | |||
Shanghai Bairun Investment Holding Group Co. Ltd., Class A | 34,836 | 139,857 | |||
Shanghai Baosight Software Co. Ltd., Class A | 62,166 | 371,580 | |||
Shanghai Construction Group Co. Ltd., Class A | 673,776 | 293,119 | |||
* | Shanghai Electric Group Co. Ltd., Class H | 3,240,000 | 810,866 | ||
* | Shanghai Electric Power Co. Ltd., Class A | 119,200 | 171,395 | ||
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H | 336,500 | 1,219,457 | |||
Shanghai Fullhan Microelectronics Co., Ltd., Class A | 14,100 | 151,499 | |||
* | Shanghai International Airport Co. Ltd., Class A | 28,100 | 215,356 | ||
Shanghai International Port Group Co. Ltd., Class A | 334,000 | 272,060 | |||
Shanghai Jinjiang International Hotels Co. Ltd., Class A | 44,100 | 405,090 | |||
* Ω | Shanghai Junshi Biosciences Co. Ltd., Class H | 64,000 | 268,434 | ||
* | Shanghai Liangxin Electrical Co. Ltd., Class A | 50,500 | 119,791 | ||
Shanghai Lingang Holdings Corp. Ltd., Class A | 144,260 | 261,183 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A | 103,420 | 151,979 | |||
Shanghai M&G Stationery, Inc., Class A | 51,069 | 344,278 | |||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 1,000,000 | 1,505,914 | |||
Shanghai Pudong Development Bank Co. Ltd., Class A | 882,471 | 951,680 | |||
Shanghai Putailai New Energy Technology Co. Ltd., Class A | 46,522 | 489,527 | |||
Shanghai RAAS Blood Products Co. Ltd., Class A | 400,600 | 343,410 | |||
Shanghai Tunnel Engineering Co. Ltd., Class A | 193,000 | 156,565 | |||
Shanghai Wanye Enterprises Co. Ltd., Class A | 56,200 | 200,967 | |||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A | 252,259 | 312,774 | |||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A | 181,800 | 314,091 | |||
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 558,030 | 971,002 | |||
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A | 324,730 | 663,934 | |||
Shanxi Meijin Energy Co. Ltd., Class A | 523,517 | 885,236 | |||
Shanxi Securities Co. Ltd., Class A | 216,280 | 175,370 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A | 538,600 | $396,523 | |||
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 55,507 | 2,259,019 | |||
Shenghe Resources Holding Co. Ltd., Class A | 140,400 | 433,240 | |||
Shengyi Technology Co. Ltd., Class A | 162,200 | 383,093 | |||
Shennan Circuits Co. Ltd., Class A | 25,382 | 327,036 | |||
Ω | Shenwan Hongyuan Group Co. Ltd., Class H | 2,064,000 | 386,589 | ||
Shenzhen Capchem Technology Co. Ltd., Class A | 49,440 | 326,364 | |||
Shenzhen Dynanonic Co. Ltd., Class A | 5,040 | 268,643 | |||
Shenzhen Energy Group Co. Ltd., Class A | 235,019 | 223,369 | |||
Shenzhen Fastprint Circuit Tech Co. Ltd., Class A | 104,800 | 199,945 | |||
Shenzhen Gas Corp. Ltd., Class A | 150,500 | 160,014 | |||
Shenzhen Inovance Technology Co. Ltd., Class A | 92,000 | 903,626 | |||
Shenzhen Kaifa Technology Co. Ltd., Class A | 66,000 | 115,236 | |||
Shenzhen Kangtai Biological Products Co. Ltd., Class A | 58,040 | 287,770 | |||
Shenzhen Kedali Industry Co. Ltd., Class A | 7,866 | 169,624 | |||
Shenzhen Kinwong Electronic Co. Ltd., Class A | 62,764 | 207,965 | |||
Shenzhen Kstar Science & Technology Co. Ltd., Class A | 23,000 | 121,501 | |||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 49,673 | 2,138,171 | |||
* | Shenzhen MTC Co. Ltd., Class A | 192,700 | 111,864 | ||
Shenzhen Overseas Chinese Town Co. Ltd., Class A | 626,380 | 520,114 | |||
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A | 71,100 | 253,695 | |||
Shenzhen SC New Energy Technology Corp., Class A | 12,566 | 249,073 | |||
Shenzhen SED Industry Co. Ltd., Class A | 30,800 | 68,265 | |||
Shenzhen Senior Technology Material Co. Ltd., Class A | 43,901 | 186,391 | |||
Shenzhen Sunlord Electronics Co. Ltd., Class A | 92,900 | 340,300 | |||
Shenzhen Transsion Holdings Co. Ltd., Class A | 57,077 | 601,966 | |||
Shenzhen Yinghe Technology Co. Ltd., Class A | 29,900 | 132,205 | |||
Shenzhen YUTO Packaging Technology Co. Ltd., Class A | 93,271 | 378,177 | |||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A | 217,814 | 144,399 | |||
Shenzhou International Group Holdings Ltd. | 805,100 | 8,468,171 | |||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 55,863 | 183,893 | |||
Sichuan Chuantou Energy Co. Ltd., Class A | 149,500 | 276,930 | |||
* | Sichuan Development Lomon Co. Ltd., Class A | 167,000 | 356,435 | ||
Sichuan Hebang Biotechnology Co. Ltd., Class A | 841,100 | 485,042 | |||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A | 129,301 | 422,936 | |||
Sichuan Road & Bridge Co. Ltd., Class A | 573,200 | 860,953 | |||
Sichuan Shuangma Cement Co. Ltd., Class A | 36,500 | 114,727 | |||
Sichuan Swellfun Co. Ltd., Class A | 23,700 | 251,402 | |||
Sichuan Yahua Industrial Group Co. Ltd., Class A | 80,400 | 348,831 | |||
Sieyuan Electric Co. Ltd., Class A | 58,600 | 385,792 | |||
Sino Biopharmaceutical Ltd. | 12,922,500 | 7,491,726 | |||
Sino Wealth Electronic Ltd., Class A | 7,810 | 50,914 | |||
Sinofibers Technology Co. Ltd., Class A | 17,400 | 122,746 | |||
Sinolink Securities Co. Ltd., Class A | 232,100 | 293,099 | |||
Sinoma International Engineering Co., Class A | 129,700 | 189,879 | |||
Sinoma Science & Technology Co. Ltd., Class A | 190,294 | 817,309 | |||
Sinopharm Group Co. Ltd., Class H | 2,426,400 | 5,559,334 | |||
* | Skshu Paint Co. Ltd., Class A | 7,648 | 120,449 | ||
Skyworth Digital Co. Ltd., Class A | 64,493 | 176,422 | |||
# Ω | Smoore International Holdings Ltd. | 1,278,000 | 2,951,444 | ||
Songcheng Performance Development Co. Ltd., Class A | 170,500 | 324,316 | |||
SooChow Securities Co. Ltd., Class A | 334,850 | 328,575 | |||
Southwest Securities Co. Ltd., Class A | 779,936 | 442,911 | |||
* | Spring Airlines Co. Ltd., Class A | 48,500 | 374,969 | ||
State Grid Information & Communication Co. Ltd., Class A | 75,800 | 189,299 | |||
* | STO Express Co. Ltd., Class A | 94,000 | 166,667 | ||
Sungrow Power Supply Co. Ltd., Class A | 31,600 | 582,354 | |||
Sunny Optical Technology Group Co. Ltd. | 638,700 | 8,640,716 | |||
Sunresin New Materials Co. Ltd., Class A | 16,350 | 157,137 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Sunwoda Electronic Co. Ltd., Class A | 74,600 | $318,752 | |||
Suofeiya Home Collection Co. Ltd., Class A | 27,570 | 72,880 | |||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A | 209,200 | 830,793 | |||
Suzhou Maxwell Technologies Co. Ltd., Class A | 3,476 | 244,476 | |||
Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A | 31,900 | 369,979 | |||
Tangshan Jidong Cement Co. Ltd., Class A | 155,000 | 222,333 | |||
TangShan Port Group Co. Ltd., Class A | 363,700 | 141,050 | |||
TBEA Co. Ltd., Class A | 217,400 | 807,468 | |||
TCL Technology Group Corp., Class A | 1,321,080 | 871,927 | |||
Tencent Holdings Ltd. | 3,556,400 | 137,450,633 | |||
* | Tencent Music Entertainment Group, ADR | 730,433 | 3,075,123 | ||
Thunder Software Technology Co. Ltd., Class A | 13,300 | 281,536 | |||
Tian Di Science & Technology Co. Ltd., Class A | 254,000 | 190,068 | |||
Tianjin 712 Communication & Broadcasting Co. Ltd., Class A | 56,900 | 260,992 | |||
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A | 159,600 | 149,325 | |||
Tianjin Guangyu Development Co. Ltd., Class A | 88,700 | 171,304 | |||
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A | 91,300 | 690,304 | |||
Tianma Microelectronics Co. Ltd., Class A | 161,455 | 233,383 | |||
Tianshan Aluminum Group Co. Ltd., Class A | 216,300 | 234,654 | |||
Tianshui Huatian Technology Co. Ltd., Class A | 305,000 | 401,796 | |||
* | Tibet Summit Resources Co. Ltd., Class A | 69,400 | 296,492 | ||
Tingyi Cayman Islands Holding Corp. | 2,810,000 | 4,625,785 | |||
Titan Wind Energy Suzhou Co. Ltd., Class A | 124,100 | 328,570 | |||
Tofflon Science & Technology Group Co. Ltd., Class A | 65,800 | 276,022 | |||
Toly Bread Co. Ltd., Class A | 97,965 | 204,114 | |||
* | TongFu Microelectronics Co. Ltd., Class A | 167,000 | 409,873 | ||
Tongkun Group Co. Ltd., Class A | 157,809 | 338,419 | |||
Tongling Nonferrous Metals Group Co. Ltd., Class A | 1,091,500 | 492,218 | |||
Tongwei Co. Ltd., Class A | 209,300 | 1,673,825 | |||
* | Topchoice Medical Corp., Class A | 13,300 | 289,953 | ||
Ω | Topsports International Holdings Ltd. | 979,000 | 816,593 | ||
Transfar Zhilian Co. Ltd., Class A | 287,626 | 244,819 | |||
TravelSky Technology Ltd., Class H | 183,000 | 303,292 | |||
Trina Solar Co. Ltd., Class A | 26,178 | 323,626 | |||
* | Trip.com Group Ltd., ADR | 425,202 | 10,961,708 | ||
* | Trip.com Group Ltd. | 99,700 | 2,570,342 | ||
Tsingtao Brewery Co. Ltd., Class H | 430,000 | 4,200,278 | |||
* | Unigroup Guoxin Microelectronics Co. Ltd., Class A | 27,000 | 846,314 | ||
Unisplendour Corp. Ltd., Class A | 164,160 | 453,177 | |||
Universal Scientific Industrial Shanghai Co. Ltd., Class A | 110,389 | 292,940 | |||
Valiant Co. Ltd., Class A | 56,000 | 150,798 | |||
* | Vipshop Holdings Ltd., ADR | 720,998 | 6,604,342 | ||
Walvax Biotechnology Co. Ltd., Class A | 55,500 | 358,279 | |||
Wanhua Chemical Group Co. Ltd., Class A | 203,200 | 2,528,625 | |||
Want Want China Holdings Ltd. | 6,370,000 | 5,184,159 | |||
Wanxiang Qianchao Co. Ltd., Class A | 189,000 | 185,006 | |||
* | Weibo Corp., Sponsored ADR | 106,850 | 2,053,657 | ||
Weichai Power Co. Ltd., Class H | 2,877,800 | 4,114,359 | |||
Weifu High-Technology Group Co. Ltd., Class A | 39,514 | 114,576 | |||
Weihai Guangwei Composites Co. Ltd., Class A | 20,829 | 217,059 | |||
* | Wens Foodstuffs Group Co. Ltd., Class A | 229,780 | 820,962 | ||
Western Securities Co. Ltd., Class A | 340,300 | 321,938 | |||
Western Superconducting Technologies Co. Ltd., Class A | 14,442 | 214,699 | |||
Westone Information Industry, Inc., Class A | 19,900 | 129,809 | |||
Wharf Holdings Ltd. | 958,000 | 3,503,305 | |||
Will Semiconductor Co. Ltd., Class A | 54,421 | 852,148 | |||
Wingtech Technology Co. Ltd., Class A | 32,700 | 333,821 | |||
Winning Health Technology Group Co. Ltd., Class A | 183,700 | 216,382 | |||
Wolong Electric Group Co. Ltd., Class A | 101,600 | 222,155 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Wuchan Zhongda Group Co. Ltd., Class A | 615,250 | $438,898 | |||
Wuhan DR Laser Technology Corp. Ltd., Class A | 3,460 | 115,634 | |||
Wuhan Guide Infrared Co. Ltd., Class A | 173,741 | 321,097 | |||
Wuhu Token Science Co. Ltd., Class A | 200,630 | 214,226 | |||
Wuliangye Yibin Co. Ltd., Class A | 174,006 | 4,614,374 | |||
WUS Printed Circuit Kunshan Co. Ltd., Class A | 106,100 | 191,069 | |||
Ω | WuXi AppTec Co. Ltd., Class H | 126,660 | 1,534,382 | ||
* Ω | Wuxi Biologics Cayman, Inc. | 989,000 | 9,466,821 | ||
Wuxi Lead Intelligent Equipment Co. Ltd., Class A | 17,680 | 156,641 | |||
Wuxi NCE Power Co. Ltd., Class A | 8,540 | 159,757 | |||
Wuxi Shangji Automation Co. Ltd., Class A | 27,080 | 658,016 | |||
* | XCMG Construction Machinery Co. Ltd., Class A | 472,203 | 392,563 | ||
Xiamen C & D, Inc., Class A | 153,900 | 256,668 | |||
Xiamen Faratronic Co. Ltd., Class A | 12,100 | 375,520 | |||
Xiamen Intretech, Inc., Class A | 78,460 | 234,438 | |||
Xiamen ITG Group Corp. Ltd., Class A | 163,430 | 168,334 | |||
Xiamen Tungsten Co. Ltd., Class A | 107,480 | 429,459 | |||
Xiamen Xiangyu Co. Ltd., Class A | 166,500 | 205,763 | |||
Xi'an Triangle Defense Co. Ltd., Class A | 24,800 | 170,014 | |||
Xianhe Co. Ltd., Class A | 39,900 | 160,570 | |||
* Ω | Xiaomi Corp., Class B | 14,516,800 | 22,831,809 | ||
Xinfengming Group Co. Ltd., Class A | 153,500 | 227,839 | |||
Xinjiang Goldwind Science & Technology Co. Ltd., Class H | 803,559 | 1,435,556 | |||
Xinjiang Zhongtai Chemical Co. Ltd., Class A | 224,500 | 246,870 | |||
Xinxing Ductile Iron Pipes Co. Ltd., Class A | 244,900 | 160,246 | |||
Xinyangfeng Agricultural Technology Co. Ltd., Class A | 86,500 | 215,325 | |||
Xinyi Solar Holdings Ltd. | 5,483,103 | 9,314,752 | |||
Xinyu Iron & Steel Co. Ltd., Class A | 246,100 | 164,354 | |||
Xuji Electric Co. Ltd., Class A | 53,000 | 174,745 | |||
Yadea Group Holdings Ltd. | 460,000 | 992,051 | |||
Yangling Metron New Material, Inc., Class A | 10,840 | 123,261 | |||
Yangzhou Yangjie Electronic Technology Co. Ltd., Class A | 16,700 | 155,376 | |||
# | Yankuang Energy Group Co. Ltd., Class H | 2,234,000 | 6,980,826 | ||
Yantai Eddie Precision Machinery Co. Ltd., Class A | 68,061 | 193,136 | |||
Yantai Jereh Oilfield Services Group Co. Ltd., Class A | 56,455 | 301,164 | |||
Yealink Network Technology Corp. Ltd., Class A | 41,840 | 471,912 | |||
* | Yifan Pharmaceutical Co. Ltd., Class A | 86,600 | 154,280 | ||
Yifeng Pharmacy Chain Co. Ltd., Class A | 58,834 | 452,350 | |||
Yintai Gold Co. Ltd., Class A | 343,617 | 554,111 | |||
YongXing Special Materials Technology Co. Ltd., Class A | 17,100 | 363,978 | |||
Yonyou Network Technology Co. Ltd., Class A | 83,500 | 259,084 | |||
Youngor Group Co. Ltd., Class A | 340,604 | 329,820 | |||
* | Youngy Co., Ltd., Class A | 900 | 17,504 | ||
YTO Express Group Co. Ltd., Class A | 238,200 | 683,843 | |||
* | Yuan Longping High-tech Agriculture Co. Ltd., Class A | 80,100 | 177,491 | ||
Yum China Holdings, Inc. | 465,321 | 22,665,786 | |||
Yunda Holding Co. Ltd., Class A | 217,790 | 585,443 | |||
Yunnan Aluminium Co. Ltd., Class A | 373,200 | 557,756 | |||
Yunnan Baiyao Group Co. Ltd., Class A | 54,740 | 448,532 | |||
Yunnan Copper Co. Ltd., Class A | 131,200 | 224,480 | |||
Yunnan Energy New Material Co. Ltd., Class A | 26,985 | 857,830 | |||
Yunnan Tin Co. Ltd., Class A | 179,800 | 401,982 | |||
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | 25,050 | 1,101,040 | |||
Zhefu Holding Group Co. Ltd., Class A | 607,423 | 425,016 | |||
* | Zhejiang Century Huatong Group Co. Ltd., Class A | 458,400 | 305,462 | ||
Zhejiang China Commodities City Group Co. Ltd., Class A | 334,979 | 263,434 | |||
Zhejiang Chint Electrics Co. Ltd., Class A | 98,684 | 538,599 | |||
Zhejiang Dahua Technology Co. Ltd., Class A | 297,413 | 654,778 | |||
Zhejiang Dingli Machinery Co. Ltd., Class A | 46,470 | 295,355 |
The Emerging Markets Series
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CHINA — (Continued) | |||||
Zhejiang Hailiang Co. Ltd., Class A | 120,700 | $215,778 | |||
Zhejiang HangKe Technology, Inc. Co., Class A | 17,887 | 198,787 | |||
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A | 99,240 | 301,006 | |||
Zhejiang Huayou Cobalt Co. Ltd., Class A | 42,881 | 537,097 | |||
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A | 54,000 | 587,226 | |||
Zhejiang Juhua Co. Ltd., Class A | 126,000 | 324,004 | |||
Zhejiang Longsheng Group Co. Ltd., Class A | 316,700 | 466,687 | |||
Zhejiang Narada Power Source Co. Ltd., Class A | 34,400 | 93,639 | |||
Zhejiang NHU Co. Ltd., Class A | 188,088 | 575,831 | |||
Zhejiang Supor Co. Ltd., Class A | 47,603 | 331,846 | |||
Zhejiang Weiming Environment Protection Co. Ltd., Class A | 60,303 | 263,195 | |||
Zhejiang Weixing New Building Materials Co. Ltd., Class A | 94,834 | 277,065 | |||
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A | 35,300 | 239,540 | |||
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A | 131,340 | 379,867 | |||
Zhejiang Yongtai Technology Co. Ltd., Class A | 60,300 | 275,667 | |||
* | Zheshang Securities Co. Ltd., Class A | 270,063 | 429,657 | ||
Zhongji Innolight Co. Ltd., Class A | 55,527 | 270,575 | |||
Zhongjin Gold Corp. Ltd., Class A | 428,700 | 461,033 | |||
Zhongsheng Group Holdings Ltd. | 866,000 | 4,957,792 | |||
Zhuzhou CRRC Times Electric Co. | 588,600 | 2,527,656 | |||
Zhuzhou Hongda Electronics Corp. Ltd., Class A | 39,100 | 303,861 | |||
Zhuzhou Kibing Group Co. Ltd., Class A | 352,001 | 599,333 | |||
* | Zibo Qixiang Tengda Chemical Co. Ltd., Class A | 348,460 | 389,439 | ||
Zijin Mining Group Co. Ltd., Class H | 6,065,000 | 7,107,035 | |||
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H | 1,859,600 | 966,815 | |||
ZTE Corp., Class H | 1,138,285 | 2,449,522 | |||
# | ZTO Express Cayman, Inc., ADR | 392,753 | 10,050,549 | ||
ZTO Express Cayman, Inc. | 400 | 10,226 | |||
TOTAL CHINA | 1,308,333,741 | ||||
COLOMBIA — (0.2%) | |||||
* | BAC Holding International Corp. | 7,858,220 | 494,919 | ||
Banco de Bogota SA | 37,157 | 359,696 | |||
Bancolombia SA, Sponsored ADR | 47,013 | 1,361,967 | |||
Bancolombia SA | 117,273 | 984,524 | |||
* | Corp. Financiera Colombiana SA | 5,064 | 23,153 | ||
# | Ecopetrol SA, Sponsored ADR | 1,787 | 19,192 | ||
Ecopetrol SA | 2,348,250 | 1,248,894 | |||
Grupo Argos SA | 364,730 | 1,029,446 | |||
Grupo Aval Acciones y Valores SA, ADR | 10,320 | 36,842 | |||
Grupo Energia Bogota SA ESP | 542,617 | 240,615 | |||
Interconexion Electrica SA ESP | 240,308 | 1,154,734 | |||
TOTAL COLOMBIA | 6,953,982 | ||||
CZECH REPUBLIC — (0.2%) | |||||
CEZ AS | 119,036 | 5,409,376 | |||
Komercni Banka AS | 66,488 | 1,679,913 | |||
Ω | Moneta Money Bank AS | 421,608 | 1,404,546 | ||
TOTAL CZECH REPUBLIC | 8,493,835 | ||||
EGYPT — (0.0%) | |||||
Commercial International Bank Egypt SAE,GDR | 1,006,033 | 1,848,690 | |||
GREECE — (0.3%) | |||||
* | Alpha Services & Holdings SA | 1,449,220 | 1,288,116 | ||
* | Eurobank Ergasias Services & Holdings SA, Class A | 1,373,666 | 1,265,383 | ||
* †† | FF Group | 12,618 | 11,607 | ||
Hellenic Petroleum Holdings SA | 63,899 | 410,964 |
The Emerging Markets Series
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GREECE — (Continued) | |||||
Hellenic Telecommunications Organization SA | 158,506 | $2,729,149 | |||
JUMBO SA | 89,024 | 1,380,298 | |||
* | LAMDA Development SA | 7,667 | 45,557 | ||
Motor Oil Hellas Corinth Refineries SA | 78,420 | 1,359,279 | |||
Mytilineos SA | 73,295 | 1,133,633 | |||
* | National Bank of Greece SA | 290,272 | 909,364 | ||
OPAP SA | 106,757 | 1,479,045 | |||
* | Piraeus Financial Holdings SA | 199,036 | 181,382 | ||
* | Public Power Corp. SA | 51,502 | 305,514 | ||
Terna Energy SA | 49,394 | 888,553 | |||
TOTAL GREECE | 13,387,844 | ||||
HUNGARY — (0.2%) | |||||
MOL Hungarian Oil & Gas PLC | 855,073 | 6,295,411 | |||
# | OTP Bank Nyrt | 103,748 | 2,141,814 | ||
# | Richter Gedeon Nyrt | 79,025 | 1,616,475 | ||
TOTAL HUNGARY | 10,053,700 | ||||
INDIA — (15.8%) | |||||
Aarti Industries Ltd. | 231,928 | 2,293,584 | |||
ABB India Ltd. | 32,467 | 1,122,779 | |||
ACC Ltd. | 99,618 | 2,806,463 | |||
Adani Enterprises Ltd. | 134,677 | 4,376,320 | |||
* | Adani Green Energy Ltd. | 107,369 | 2,942,079 | ||
Adani Ports & Special Economic Zone Ltd. | 474,086 | 4,584,192 | |||
* | Adani Power Ltd. | 748,312 | 2,973,928 | ||
Adani Total Gas Ltd. | 85,365 | 3,396,143 | |||
* | Adani Transmission Ltd. | 248,226 | 9,847,324 | ||
* | Aditya Birla Capital Ltd. | 391,081 | 526,535 | ||
Alkem Laboratories Ltd. | 32,239 | 1,314,697 | |||
Ambuja Cements Ltd. | 553,446 | 2,625,514 | |||
Apollo Hospitals Enterprise Ltd. | 70,201 | 3,733,742 | |||
Ashok Leyland Ltd. | 1,315,356 | 2,470,852 | |||
Asian Paints Ltd. | 220,693 | 9,318,106 | |||
Astral Ltd. | 76,548 | 1,761,815 | |||
Atul Ltd. | 2,391 | 269,339 | |||
Ω | AU Small Finance Bank Ltd. | 174,230 | 1,305,114 | ||
Aurobindo Pharma Ltd. | 570,247 | 3,940,623 | |||
* Ω | Avenue Supermarts Ltd. | 53,575 | 2,879,639 | ||
Axis Bank Ltd. | 1,825,351 | 16,765,164 | |||
Bajaj Auto Ltd. | 60,754 | 3,006,018 | |||
Bajaj Finance Ltd. | 105,376 | 9,640,441 | |||
Bajaj Finserv Ltd. | 15,901 | 3,028,239 | |||
Bajaj Holdings & Investment Ltd. | 51,034 | 3,339,441 | |||
Balkrishna Industries Ltd. | 115,271 | 3,360,276 | |||
Ω | Bandhan Bank Ltd. | 603,569 | 2,116,694 | ||
Bank of Baroda | 1,179,654 | 1,741,089 | |||
Berger Paints India Ltd. | 182,780 | 1,442,998 | |||
Bharat Electronics Ltd. | 2,181,001 | 7,581,394 | |||
Bharat Forge Ltd. | 269,138 | 2,489,363 | |||
Bharat Petroleum Corp. Ltd. | 408,182 | 1,702,962 | |||
* | Bharti Airtel Ltd. | 1,493,167 | 12,804,265 | ||
Biocon Ltd. | 396,886 | 1,544,236 | |||
Bosch Ltd. | 5,993 | 1,294,646 | |||
Britannia Industries Ltd. | 50,555 | 2,488,726 | |||
Canara Bank | 364,746 | 1,027,609 | |||
Cholamandalam Investment & Finance Co. Ltd. | 602,596 | 5,393,899 | |||
Cipla Ltd. | 657,406 | 8,139,989 |
The Emerging Markets Series
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INDIA — (Continued) | |||||
Coal India Ltd. | 649,232 | $1,740,498 | |||
Coforge Ltd. | 20,972 | 1,050,918 | |||
Colgate-Palmolive India Ltd. | 122,914 | 2,465,651 | |||
Container Corp. of India Ltd. | 271,569 | 2,440,713 | |||
Coromandel International Ltd. | 37,118 | 480,986 | |||
CRISIL Ltd. | 667 | 26,403 | |||
Crompton Greaves Consumer Electricals Ltd. | 170,496 | 851,047 | |||
Cummins India Ltd. | 39,532 | 613,527 | |||
Dabur India Ltd. | 338,762 | 2,497,915 | |||
Dalmia Bharat Ltd. | 44,184 | 894,907 | |||
Deepak Nitrite Ltd. | 75,806 | 1,840,149 | |||
Divi's Laboratories Ltd. | 61,792 | 2,993,879 | |||
Dixon Technologies India Ltd. | 2,979 | 139,638 | |||
DLF Ltd. | 530,091 | 2,580,246 | |||
Dr Reddy's Laboratories Ltd., ADR | 94,746 | 4,879,419 | |||
Dr Reddy's Laboratories Ltd. | 30,604 | 1,583,829 | |||
Edelweiss Financial Services Ltd. | 37,563 | 27,696 | |||
Eicher Motors Ltd. | 93,424 | 3,643,267 | |||
GAIL India Ltd. | 1,382,920 | 2,562,900 | |||
GAIL India Ltd., GDR | 102,368 | 1,143,118 | |||
GlaxoSmithKline Pharmaceuticals Ltd. | 32,553 | 579,109 | |||
* | Godrej Consumer Products Ltd. | 300,634 | 3,240,318 | ||
* | Godrej Properties Ltd. | 75,574 | 1,448,929 | ||
Grasim Industries Ltd. | 280,292 | 5,588,802 | |||
Gujarat Fluorochemicals Ltd. | 6,906 | 292,326 | |||
Gujarat Gas Ltd. | 139,066 | 786,419 | |||
Havells India Ltd. | 137,674 | 2,177,492 | |||
HCL Technologies Ltd. | 708,997 | 8,522,804 | |||
Ω | HDFC Asset Management Co. Ltd. | 43,474 | 1,069,709 | ||
HDFC Bank Ltd. | 1,512,827 | 27,668,205 | |||
Ω | HDFC Life Insurance Co. Ltd. | 224,114 | 1,572,415 | ||
Hero MotoCorp Ltd. | 174,353 | 6,200,612 | |||
Hindalco Industries Ltd. | 2,222,008 | 11,721,704 | |||
Hindustan Aeronautics Ltd. | 69,228 | 1,773,540 | |||
Hindustan Petroleum Corp. Ltd. | 614,890 | 1,867,660 | |||
Hindustan Unilever Ltd. | 440,646 | 14,689,060 | |||
Hitachi Energy India Ltd. | 8,507 | 347,788 | |||
Honeywell Automation India Ltd. | 1,758 | 891,055 | |||
Housing Development Finance Corp. Ltd. | 698,934 | 21,191,650 | |||
ICICI Bank Ltd., Sponsored ADR | 649,989 | 13,506,761 | |||
ICICI Bank Ltd. | 1,390,129 | 14,460,158 | |||
Ω | ICICI Lombard General Insurance Co. Ltd. | 132,332 | 2,049,742 | ||
Ω | ICICI Prudential Life Insurance Co. Ltd. | 160,487 | 1,128,116 | ||
* | IDFC First Bank Ltd. | 2,392,328 | 1,134,153 | ||
Indian Hotels Co. Ltd. | 373,713 | 1,244,420 | |||
Indian Oil Corp. Ltd. | 1,397,934 | 1,284,057 | |||
* | Indian Overseas Bank | 1,569,149 | 344,173 | ||
Indian Railway Catering & Tourism Corp. Ltd. | 286,116 | 2,318,559 | |||
Indraprastha Gas Ltd. | 248,390 | 1,087,556 | |||
Indus Towers Ltd. | 1,056,099 | 2,974,355 | |||
IndusInd Bank Ltd. | 317,938 | 4,196,335 | |||
Info Edge India Ltd. | 41,683 | 2,287,986 | |||
# | Infosys Ltd., Sponsored ADR | 500,328 | 9,751,393 | ||
Infosys Ltd. | 1,779,532 | 34,824,350 | |||
* Ω | InterGlobe Aviation Ltd. | 51,183 | 1,213,048 | ||
Ipca Laboratories Ltd. | 58,404 | 742,206 | |||
ITC Ltd. | 1,903,270 | 7,319,343 | |||
Jindal Steel & Power Ltd. | 801,679 | 3,936,682 | |||
JSW Energy Ltd. | 276,086 | 835,240 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
INDIA — (Continued) | |||||
JSW Steel Ltd. | 1,441,825 | $11,510,025 | |||
Jubilant Foodworks Ltd. | 480,298 | 3,361,483 | |||
Kansai Nerolac Paints Ltd. | 142,647 | 723,227 | |||
Kotak Mahindra Bank Ltd. | 406,367 | 9,351,384 | |||
Ω | L&T Technology Services Ltd. | 29,195 | 1,298,922 | ||
Ω | Larsen & Toubro Infotech Ltd. | 33,134 | 1,985,133 | ||
Larsen & Toubro Ltd. | 379,664 | 8,682,186 | |||
Ω | Laurus Labs Ltd. | 355,427 | 2,345,828 | ||
Linde India Ltd. | 2,782 | 128,532 | |||
Lupin Ltd. | 303,782 | 2,465,645 | |||
Mahindra & Mahindra Ltd. | 905,189 | 13,335,423 | |||
Marico Ltd. | 535,354 | 3,515,968 | |||
Maruti Suzuki India Ltd. | 47,016 | 5,227,401 | |||
* | Max Financial Services Ltd. | 154,648 | 1,676,861 | ||
* | Max Healthcare Institute Ltd. | 223,862 | 1,040,864 | ||
Minda Industries Ltd. | 69,006 | 445,421 | |||
Mindtree Ltd. | 77,849 | 3,371,035 | |||
Motherson Sumi Systems Ltd. | 1,325,504 | 2,144,452 | |||
* | Motherson Sumi Wiring India Ltd. | 1,325,505 | 1,291,185 | ||
Mphasis Ltd. | 132,029 | 3,869,553 | |||
MRF Ltd. | 2,316 | 2,447,310 | |||
Muthoot Finance Ltd. | 242,710 | 3,289,232 | |||
Nestle India Ltd. | 20,232 | 4,952,399 | |||
NHPC Ltd. | 1,014,981 | 439,737 | |||
NMDC Ltd. | 1,251,805 | 1,707,764 | |||
NTPC Ltd. | 1,541,570 | 2,979,409 | |||
Oberoi Realty Ltd. | 70,466 | 812,709 | |||
Oil & Natural Gas Corp. Ltd. | 877,425 | 1,490,061 | |||
Oil India Ltd. | 7,538 | 18,135 | |||
Oracle Financial Services Software Ltd. | 32,810 | 1,306,817 | |||
Page Industries Ltd. | 8,044 | 4,990,660 | |||
Persistent Systems Ltd. | 35,395 | 1,625,141 | |||
Petronet LNG Ltd. | 1,564,099 | 4,342,290 | |||
PI Industries Ltd. | 68,216 | 2,662,493 | |||
Pidilite Industries Ltd. | 87,949 | 2,728,327 | |||
Piramal Enterprises Ltd. | 117,594 | 2,641,900 | |||
Power Finance Corp. Ltd. | 1,995,257 | 2,929,581 | |||
Power Grid Corp. of India Ltd. | 1,622,745 | 4,398,601 | |||
Procter & Gamble Hygiene & Health Care Ltd. | 10,621 | 1,937,964 | |||
Punjab National Bank | 1,966,565 | 781,824 | |||
REC Ltd. | 1,264,082 | 2,095,760 | |||
Relaxo Footwears Ltd. | 18,573 | 231,259 | |||
Reliance Industries Ltd. | 1,404,995 | 44,644,850 | |||
SBI Cards & Payment Services Ltd. | 79,899 | 947,061 | |||
Ω | SBI Life Insurance Co. Ltd. | 128,749 | 2,108,464 | ||
Schaeffler India Ltd. | 5,333 | 186,709 | |||
Shree Cement Ltd. | 10,021 | 2,591,713 | |||
Shriram Transport Finance Co. Ltd. | 272,491 | 4,777,501 | |||
Siemens Ltd. | 33,599 | 1,148,103 | |||
Solar Industries India Ltd. | 351 | 12,202 | |||
SRF Ltd. | 139,566 | 4,292,662 | |||
State Bank of India | 933,814 | 6,249,266 | |||
State Bank of India, GDR | 3,115 | 207,459 | |||
Steel Authority of India Ltd. | 2,218,861 | 2,167,959 | |||
Sun Pharmaceutical Industries Ltd. | 598,582 | 7,142,446 | |||
Sundaram Finance Holdings Ltd. | 40,687 | 40,560 | |||
Sundaram Finance Ltd. | 964 | 25,052 | |||
Supreme Industries Ltd. | 12,166 | 289,840 | |||
Tata Communications Ltd. | 108,655 | 1,437,697 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
INDIA — (Continued) | |||||
Tata Consultancy Services Ltd. | 572,990 | $23,968,199 | |||
Tata Consumer Products Ltd. | 546,708 | 5,609,595 | |||
Tata Elxsi Ltd. | 32,921 | 3,628,901 | |||
# * | Tata Motors Ltd., Sponsored ADR | 47,265 | 1,347,998 | ||
* | Tata Motors Ltd. | 2,234,196 | 12,737,717 | ||
Tata Power Co. Ltd. | 649,413 | 1,829,450 | |||
Tata Steel Ltd. | 11,675,250 | 15,920,334 | |||
* | Tata Teleservices Maharashtra Ltd. | 108,469 | 147,803 | ||
Tech Mahindra Ltd. | 590,572 | 7,863,191 | |||
Titan Co. Ltd. | 173,905 | 5,185,680 | |||
Torrent Pharmaceuticals Ltd. | 152,170 | 2,932,581 | |||
Trent Ltd. | 76,260 | 1,223,665 | |||
Trident Ltd. | 28,354 | 14,250 | |||
Tube Investments of India Ltd. | 25,314 | 666,230 | |||
TVS Motor Co. Ltd. | 218,731 | 2,504,534 | |||
UltraTech Cement Ltd. | 51,308 | 4,243,210 | |||
Union Bank of India Ltd. | 187,791 | 91,086 | |||
United Breweries Ltd. | 45,973 | 946,076 | |||
* | United Spirits Ltd. | 259,011 | 2,552,513 | ||
UPL Ltd. | 1,057,811 | 9,907,824 | |||
Varun Beverages Ltd. | 249,699 | 2,785,578 | |||
Vedanta Ltd. | 1,416,252 | 4,561,537 | |||
* | Vodafone Idea Ltd. | 7,119,524 | 785,591 | ||
Voltas Ltd. | 180,374 | 2,286,874 | |||
Wipro Ltd. | 857,062 | 4,575,820 | |||
Zee Entertainment Enterprises Ltd. | 7,924 | 24,673 | |||
Zydus Lifesciences Ltd. | 310,331 | 1,360,452 | |||
TOTAL INDIA | 732,671,980 | ||||
INDONESIA — (2.1%) | |||||
Adaro Energy Tbk PT | 26,638,800 | 5,849,299 | |||
* | Allo Bank Indonesia Tbk PT | 285,800 | 68,062 | ||
Aneka Tambang Tbk | 7,413,500 | 979,333 | |||
Astra International Tbk PT | 15,659,710 | 6,688,230 | |||
Bank Central Asia Tbk PT | 30,668,300 | 15,250,116 | |||
* | Bank Jago Tbk PT | 1,322,500 | 945,069 | ||
Bank Mandiri Persero Tbk PT | 9,252,634 | 5,179,238 | |||
Bank Negara Indonesia Persero Tbk PT | 5,902,722 | 3,132,666 | |||
Bank Rakyat Indonesia Persero Tbk PT | 29,651,176 | 8,752,814 | |||
Bank Syariah Indonesia Tbk PT | 4,252,400 | 469,347 | |||
Barito Pacific Tbk PT | 17,543,900 | 1,065,719 | |||
Bukit Asam Tbk PT | 7,087,600 | 2,057,713 | |||
Charoen Pokphand Indonesia Tbk PT | 6,444,800 | 2,433,957 | |||
* | Elang Mahkota Teknologi Tbk PT | 8,468,400 | 1,073,429 | ||
Gudang Garam Tbk PT | 590,900 | 1,109,526 | |||
Indah Kiat Pulp & Paper Tbk PT | 4,368,100 | 2,239,965 | |||
Indo Tambangraya Megah Tbk PT | 637,600 | 1,703,905 | |||
Indocement Tunggal Prakarsa Tbk PT | 1,530,800 | 961,233 | |||
Indofood CBP Sukses Makmur Tbk PT | 1,378,300 | 820,400 | |||
Indofood Sukses Makmur Tbk PT | 6,718,900 | 3,081,626 | |||
Indosat Tbk PT | 968,600 | 436,475 | |||
* | Jasa Marga Persero Tbk PT | 653,413 | 156,953 | ||
Kalbe Farma Tbk PT | 29,662,500 | 3,241,301 | |||
Mayora Indah Tbk PT | 4,520,025 | 536,455 | |||
* | Merdeka Copper Gold Tbk PT | 5,807,095 | 1,593,747 | ||
Mitra Keluarga Karyasehat Tbk PT | 4,337,300 | 728,434 | |||
MNC Studios International Tbk PT | 169,100 | 65,832 | |||
Perusahaan Gas Negara Tbk PT | 9,214,200 | 1,046,128 | |||
Sarana Menara Nusantara Tbk PT | 29,874,100 | 2,367,208 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
INDONESIA — (Continued) | |||||
Semen Indonesia Persero Tbk PT | 3,768,500 | $1,660,570 | |||
Sinar Mas Agro Resources & Technology Tbk PT | 1,019,900 | 320,003 | |||
* | Smartfren Telecom Tbk PT | 100,723,200 | 665,716 | ||
Sumber Alfaria Trijaya Tbk PT | 11,117,200 | 1,407,398 | |||
Telkom Indonesia Persero Tbk PT | 22,978,700 | 6,563,177 | |||
Tower Bersama Infrastructure Tbk PT | 10,079,400 | 2,089,712 | |||
* | Transcoal Pacific Tbk PT | 993,300 | 706,510 | ||
Unilever Indonesia Tbk PT | 4,594,500 | 1,399,019 | |||
United Tractors Tbk PT | 3,132,496 | 6,845,793 | |||
* | Vale Indonesia Tbk PT | 2,888,500 | 1,192,309 | ||
XL Axiata Tbk PT | 6,670,600 | 1,067,770 | |||
TOTAL INDONESIA | 97,952,157 | ||||
MALAYSIA — (1.6%) | |||||
Alliance Bank Malaysia Bhd | 382,100 | 299,048 | |||
AMMB Holdings Bhd | 1,984,459 | 1,741,188 | |||
Astro Malaysia Holdings Bhd | 566,000 | 113,887 | |||
Axiata Group Bhd | 1,981,532 | 1,277,851 | |||
Batu Kawan Bhd | 112,600 | 587,387 | |||
# | BIMB Holdings Bhd | 963,955 | 582,961 | ||
Bursa Malaysia Bhd | 325,200 | 477,285 | |||
Carlsberg Brewery Malaysia Bhd, Class B | 139,000 | 703,766 | |||
CIMB Group Holdings Bhd | 2,885,948 | 3,381,074 | |||
D&O Green Technologies Bhd | 461,100 | 424,866 | |||
# | Dialog Group Bhd | 1,641,318 | 816,007 | ||
DiGi.Com Bhd | 2,053,220 | 1,676,730 | |||
FGV Holdings Bhd | 168,700 | 56,848 | |||
Fraser & Neave Holdings Bhd | 131,800 | 643,056 | |||
Gamuda Bhd | 2,160,470 | 1,822,664 | |||
Genting Bhd | 1,808,100 | 1,924,690 | |||
Genting Malaysia Bhd | 2,150,900 | 1,414,155 | |||
Genting Plantations Bhd | 277,300 | 402,790 | |||
* | Greatech Technology Bhd | 29,700 | 26,239 | ||
HAP Seng Consolidated Bhd | 827,500 | 1,405,637 | |||
Hartalega Holdings Bhd | 1,940,300 | 1,194,958 | |||
# | Heineken Malaysia Bhd | 135,700 | 692,737 | ||
Hong Leong Bank Bhd | 259,166 | 1,222,871 | |||
Hong Leong Financial Group Bhd | 354,683 | 1,554,238 | |||
* | Hong Seng Consolidated Bhd | 108,800 | 14,950 | ||
IHH Healthcare Bhd | 652,800 | 938,644 | |||
IJM Corp. Bhd | 1,900,700 | 756,778 | |||
Inari Amertron Bhd | 2,395,300 | 1,547,627 | |||
IOI Corp. Bhd | 1,311,605 | 1,187,792 | |||
IOI Properties Group Bhd | 1,450,429 | 324,465 | |||
Kuala Lumpur Kepong Bhd | 313,146 | 1,542,378 | |||
Ω | Lotte Chemical Titan Holding Bhd | 640,600 | 274,996 | ||
Malayan Banking Bhd | 2,444,302 | 4,868,353 | |||
* | Malaysia Airports Holdings Bhd | 886,741 | 1,245,816 | ||
Malaysian Pacific Industries Bhd | 67,400 | 492,444 | |||
Maxis Bhd | 1,355,100 | 1,118,483 | |||
MISC Bhd | 629,598 | 1,021,036 | |||
Ω | MR DIY Group M Bhd | 268,050 | 133,923 | ||
# | My EG Services Bhd | 5,206,634 | 908,835 | ||
Nestle Malaysia Bhd | 43,200 | 1,308,125 | |||
Petronas Chemicals Group Bhd | 1,202,900 | 2,402,968 | |||
Petronas Dagangan Bhd | 165,700 | 834,712 | |||
Petronas Gas Bhd | 397,700 | 1,532,746 | |||
PPB Group Bhd | 458,980 | 1,679,300 | |||
Press Metal Aluminium Holdings Bhd | 1,853,900 | 2,028,864 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
MALAYSIA — (Continued) | |||||
Public Bank Bhd | 8,022,870 | $8,370,301 | |||
QL Resources Bhd | 885,085 | 1,053,800 | |||
RHB Bank Bhd | 1,664,929 | 2,201,925 | |||
Scientex Bhd | 238,300 | 183,765 | |||
Sime Darby Bhd | 4,489,961 | 2,365,641 | |||
Sime Darby Plantation Bhd | 1,196,321 | 1,172,302 | |||
# | Sunway Bhd | 2,102,182 | 789,441 | ||
Telekom Malaysia Bhd | 508,864 | 650,381 | |||
Tenaga Nasional Bhd | 985,950 | 1,830,127 | |||
TIME dotCom Bhd | 816,400 | 843,011 | |||
Top Glove Corp. Bhd | 7,118,900 | 1,545,183 | |||
United Plantations Bhd | 104,500 | 335,966 | |||
ViTrox Corp. Bhd | 235,600 | 408,310 | |||
Westports Holdings Bhd | 699,000 | 550,196 | |||
# | Yinson Holdings Bhd | 1,423,240 | 672,550 | ||
# | YTL Corp. Bhd | 6,697,612 | 858,686 | ||
TOTAL MALAYSIA | 74,437,753 | ||||
MEXICO — (2.2%) | |||||
Alfa SAB de CV, Class A | 8,597,258 | 5,908,493 | |||
# | America Movil SAB de CV | 17,462,580 | 16,592,685 | ||
Arca Continental SAB de CV | 368,914 | 2,550,394 | |||
Becle SAB de CV | 199,974 | 453,303 | |||
* | Cemex SAB de CV | 11,428,443 | 4,591,447 | ||
* | Cemex SAB de CV, Sponsored ADR | 27,210 | 109,112 | ||
Coca-Cola Femsa SAB de CV, Sponsored ADR | 3,923 | 236,282 | |||
Coca-Cola Femsa SAB de CV | 415,925 | 2,512,015 | |||
El Puerto de Liverpool SAB de CV, Class C1 | 142,691 | 640,956 | |||
Fomento Economico Mexicano SAB de CV | 748,304 | 4,644,253 | |||
# | Gruma SAB de CV, Class B | 258,404 | 3,211,559 | ||
# | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 3,551 | 479,527 | ||
Grupo Aeroportuario del Pacifico SAB de CV, Class B | 157,571 | 2,132,973 | |||
Grupo Aeroportuario del Sureste SAB de CV, ADR | 10,474 | 1,967,122 | |||
Grupo Aeroportuario del Sureste SAB de CV, Class B | 2,990 | 56,212 | |||
Grupo Bimbo SAB de CV, Class A | 1,029,131 | 3,642,383 | |||
# | Grupo Carso SAB de CV | 546,371 | 2,130,755 | ||
# | Grupo Elektra SAB de CV | 55,933 | 3,284,203 | ||
Grupo Financiero Banorte SAB de CV, Class O | 1,360,662 | 7,754,615 | |||
# * | Grupo Financiero Inbursa SAB de CV, Class O | 2,089,210 | 3,860,614 | ||
Grupo Mexico SAB de CV, Class B | 2,339,361 | 9,271,147 | |||
# | Grupo Televisa SAB, Sponsored ADR | 110,095 | 860,943 | ||
Grupo Televisa SAB | 3,073,396 | 4,821,427 | |||
Industrias Penoles SAB de CV | 201,567 | 2,035,198 | |||
# | Kimberly-Clark de Mexico SAB de CV, Class A | 1,548,097 | 2,285,827 | ||
Orbia Advance Corp. SAB de CV | 2,213,800 | 4,902,060 | |||
Organizacion Soriana SAB de CV, Class B | 429,713 | 476,393 | |||
# | Wal-Mart de Mexico SAB de CV | 2,505,757 | 9,109,497 | ||
TOTAL MEXICO | 100,521,395 | ||||
PERU — (0.1%) | |||||
* | Aenza SAA, Sponsored ADR | 42,218 | 45,595 | ||
Cementos Pacasmayo SAA, ADR | 16,712 | 84,230 | |||
# | Cia de Minas Buenaventura SAA, ADR | 58,246 | 316,858 | ||
Credicorp Ltd. | 39,029 | 5,050,353 | |||
TOTAL PERU | 5,497,036 | ||||
PHILIPPINES — (0.8%) | |||||
Aboitiz Equity Ventures, Inc. | 1,141,010 | 1,180,739 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
PHILIPPINES — (Continued) | |||||
Aboitiz Power Corp. | 1,370,000 | $811,954 | |||
AC Energy Corp. | 2,855,306 | 434,197 | |||
Ayala Corp. | 114,302 | 1,287,312 | |||
Ayala Land, Inc. | 3,255,718 | 1,494,164 | |||
Bank of the Philippine Islands | 1,507,742 | 2,544,913 | |||
BDO Unibank, Inc. | 1,553,962 | 3,373,191 | |||
DMCI Holdings, Inc. | 113,000 | 19,487 | |||
Emperador, Inc. | 1,390,700 | 476,153 | |||
* †† | Fwbc Holdings, Inc. | 2,006,957 | 0 | ||
Globe Telecom, Inc. | 17,215 | 644,113 | |||
GT Capital Holdings, Inc. | 45,746 | 376,563 | |||
International Container Terminal Services, Inc. | 623,010 | 2,194,844 | |||
JG Summit Holdings, Inc. | 2,588,029 | 2,417,518 | |||
Jollibee Foods Corp. | 340,410 | 1,242,929 | |||
Manila Electric Co. | 109,980 | 678,824 | |||
Metro Pacific Investments Corp. | 5,864,700 | 392,701 | |||
Metropolitan Bank & Trust Co. | 2,721,908 | 2,400,916 | |||
PLDT, Inc., Sponsored ADR | 34,739 | 1,064,056 | |||
PLDT, Inc. | 102,335 | 3,088,002 | |||
San Miguel Corp. | 1,246,280 | 2,385,479 | |||
San Miguel Food & Beverage, Inc. | 85,800 | 68,434 | |||
Semirara Mining & Power Corp. | 140,700 | 106,020 | |||
SM Investments Corp. | 102,383 | 1,441,683 | |||
SM Prime Holdings, Inc. | 4,214,410 | 2,800,789 | |||
Union Bank of the Philippines | 2,107 | 3,087 | |||
Universal Robina Corp. | 775,650 | 1,561,997 | |||
Wilcon Depot, Inc. | 236,600 | 118,772 | |||
TOTAL PHILIPPINES | 34,608,837 | ||||
POLAND — (0.7%) | |||||
# * Ω | Allegro.eu SA | 64,248 | 349,439 | ||
Asseco Poland SA | 39,329 | 612,819 | |||
Bank Handlowy w Warszawie SA | 15,729 | 199,668 | |||
* | Bank Millennium SA | 96,342 | 76,953 | ||
Bank Polska Kasa Opieki SA | 130,480 | 2,066,555 | |||
Budimex SA | 2,953 | 161,303 | |||
CD Projekt SA | 42,277 | 831,384 | |||
Cyfrowy Polsat SA | 249,518 | 1,075,487 | |||
* Ω | Dino Polska SA | 30,321 | 2,370,791 | ||
* | Enea SA | 11,499 | 23,480 | ||
Grupa Lotos SA | 166,766 | 2,919,889 | |||
ING Bank Slaski SA | 21,579 | 808,743 | |||
Inter Cars SA | 114 | 10,104 | |||
# * | Jastrzebska Spolka Weglowa SA | 9,986 | 108,851 | ||
KGHM Polska Miedz SA | 118,972 | 2,982,358 | |||
LPP SA | 578 | 1,238,339 | |||
* | mBank SA | 19,152 | 916,134 | ||
Orange Polska SA | 653,211 | 847,644 | |||
* | PGE Polska Grupa Energetyczna SA | 750,189 | 1,677,215 | ||
Polski Koncern Naftowy Orlen SA | 274,268 | 4,480,148 | |||
* | Polskie Gornictwo Naftowe i Gazownictwo SA | 904,182 | 1,351,119 | ||
* | Powszechna Kasa Oszczednosci Bank Polski SA | 336,889 | 1,906,620 | ||
Powszechny Zaklad Ubezpieczen SA | 318,619 | 2,087,215 | |||
Santander Bank Polska SA | 18,512 | 939,971 | |||
TOTAL POLAND | 30,042,229 | ||||
QATAR — (0.9%) | |||||
Commercial Bank PSQC | 971,778 | 1,957,897 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
QATAR — (Continued) | |||||
Industries Qatar QSC | 701,060 | $3,300,733 | |||
Masraf Al Rayan QSC | 3,286,012 | 3,977,979 | |||
Mesaieed Petrochemical Holding Co. | 3,448,812 | 2,593,270 | |||
Ooredoo QPSC | 1,353,316 | 3,471,718 | |||
Qatar Electricity & Water Co. QSC | 382,308 | 1,946,727 | |||
Qatar Fuel QSC | 306,698 | 1,504,417 | |||
Qatar Gas Transport Co. Ltd. | 3,816,139 | 4,297,636 | |||
Qatar International Islamic Bank QSC | 519,046 | 1,693,062 | |||
Qatar Islamic Bank SAQ | 741,196 | 5,243,679 | |||
Qatar National Bank QPSC | 2,466,222 | 13,660,270 | |||
TOTAL QATAR | 43,647,388 | ||||
RUSSIA — (0.0%) | |||||
* †† | Gazprom PJSC,Sponsored ADR | 1,293,312 | 0 | ||
* †† | Lukoil PJSC, Sponsored ADR | 128,002 | 0 | ||
* †† | Magnitogorsk Iron & Steel Works PJSC, GDR | 172,148 | 0 | ||
* †† | MMC Norilsk Nickel PJSC,ADR | 205,087 | 0 | ||
* †† | Mobile TeleSystems PJSC, ADR | 294,338 | 0 | ||
* †† | Novatek PJSC,GDR | 15,415 | 0 | ||
* †† | Novolipetsk Steel PJSC,GDR | 60,064 | 0 | ||
* †† | PhosAgro PJSC | 582 | 0 | ||
* †† | PhosAgro PJSC,GDR | 90,265 | 0 | ||
* †† | Polyus PJSC,GDR | 20,177 | 0 | ||
* †† | Rosneft Oil Co. PJSC,GDR | 275,526 | 0 | ||
* †† | Rostelecom PJSC,Sponsored ADR | 88,099 | 0 | ||
* †† | RusHydro PJSC,ADR | 808,023 | 0 | ||
* †† | Sberbank of Russia PJSC, Sponsored ADR | 948,237 | 0 | ||
* †† | Severstal PAO,GDR | 67,875 | 0 | ||
* †† | Tatneft PJSC,Sponsored ADR | 122,269 | 0 | ||
* †† | VK Co. Ltd., GDR | 9,666 | 0 | ||
* †† | VTB Bank PJSC,GDR | 1,705,908 | 0 | ||
* †† | X5 Retail Group NV, GDR | 81,764 | 0 | ||
SAUDI ARABIA — (4.3%) | |||||
Abdullah Al Othaim Markets Co. | 53,471 | 1,663,112 | |||
Advanced Petrochemical Co. | 178,010 | 2,334,490 | |||
Al Rajhi Bank | 1,085,108 | 26,145,812 | |||
Alinma Bank | 667,091 | 6,805,844 | |||
Almarai Co. JSC | 151,226 | 2,109,412 | |||
Arab National Bank | 471,307 | 3,897,939 | |||
Arabian Centres Co. Ltd. | 120,619 | 642,817 | |||
* | Bank AlBilad | 326,895 | 4,329,611 | ||
Bank Al-Jazira | 473,561 | 3,336,731 | |||
Banque Saudi Fransi | 470,724 | 6,452,666 | |||
Bupa Arabia for Cooperative Insurance Co. | 61,640 | 2,646,910 | |||
* | Dar Al Arkan Real Estate Development Co. | 584,678 | 1,974,692 | ||
Dr Sulaiman Al Habib Medical Services Group Co. | 35,414 | 1,943,069 | |||
* | Emaar Economic City | 186,198 | 504,731 | ||
Etihad Etisalat Co. | 943,798 | 9,529,640 | |||
Jarir Marketing Co. | 73,421 | 3,199,086 | |||
* | Mobile Telecommunications Co. Saudi Arabia | 1,069,332 | 3,360,864 | ||
Mouwasat Medical Services Co. | 52,804 | 3,476,828 | |||
* | National Industrialization Co. | 358,846 | 1,591,901 | ||
* | Rabigh Refining & Petrochemical Co. | 649,687 | 3,227,570 | ||
Riyad Bank | 944,253 | 9,194,611 | |||
SABIC Agri-Nutrients Co. | 127,747 | 4,558,761 | |||
Sahara International Petrochemical Co. | 606,937 | 7,746,330 | |||
* | Saudi Arabian Mining Co. | 512,286 | 7,789,785 | ||
Saudi Arabian Oil Co. | 496,587 | 5,307,233 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SAUDI ARABIA — (Continued) | |||||
Saudi Basic Industries Corp. | 442,004 | $11,776,461 | |||
Saudi British Bank | 712,216 | 8,017,922 | |||
Saudi Electricity Co. | 366,509 | 2,425,501 | |||
Saudi Industrial Investment Group | 463,238 | 3,458,230 | |||
Saudi Investment Bank | 413,525 | 2,318,027 | |||
* | Saudi Kayan Petrochemical Co. | 1,562,459 | 6,350,859 | ||
Saudi National Bank | 945,913 | 17,756,432 | |||
* | Saudi Research & Media Group | 46,206 | 2,389,918 | ||
Saudi Telecom Co. | 403,000 | 10,836,104 | |||
Savola Group | 305,124 | 2,714,267 | |||
Southern Province Cement Co. | 85,438 | 1,335,803 | |||
Yanbu National Petrochemical Co. | 267,708 | 3,559,504 | |||
TOTAL SAUDI ARABIA | 196,709,473 | ||||
SOUTH AFRICA — (3.5%) | |||||
Absa Group Ltd. | 822,531 | 8,428,878 | |||
African Rainbow Minerals Ltd. | 18,080 | 254,830 | |||
Anglo American Platinum Ltd. | 30,706 | 2,355,474 | |||
AngloGold Ashanti Ltd., Sponsored ADR | 416,896 | 6,132,540 | |||
Aspen Pharmacare Holdings Ltd. | 422,830 | 3,705,778 | |||
Bid Corp. Ltd. | 156,888 | 2,894,092 | |||
Bidvest Group Ltd. | 364,485 | 4,692,903 | |||
Capitec Bank Holdings Ltd. | 41,839 | 5,028,033 | |||
Clicks Group Ltd. | 277,963 | 4,693,981 | |||
* | Discovery Ltd. | 488,952 | 3,778,394 | ||
Exxaro Resources Ltd. | 326,361 | 3,966,991 | |||
FirstRand Ltd. | 2,693,023 | 10,652,987 | |||
# | Gold Fields Ltd., Sponsored ADR | 696,548 | 6,408,242 | ||
Impala Platinum Holdings Ltd. | 780,393 | 8,652,618 | |||
Investec Ltd. | 262,805 | 1,404,193 | |||
Kumba Iron Ore Ltd. | 34,502 | 1,028,184 | |||
Mr Price Group Ltd. | 256,073 | 2,788,134 | |||
MTN Group Ltd. | 1,917,696 | 16,094,809 | |||
MultiChoice Group | 429,429 | 3,077,635 | |||
Naspers Ltd., Class N | 44,930 | 6,347,998 | |||
Nedbank Group Ltd. | 493,445 | 6,450,188 | |||
NEPI Rockcastle PLC | 331,326 | 1,827,670 | |||
Ninety One Ltd. | 225,714 | 551,196 | |||
* | Northam Platinum Holdings Ltd. | 303,245 | 3,217,712 | ||
# | Old Mutual Ltd. | 7,858,201 | 5,359,974 | ||
Ω | Pepkor Holdings Ltd. | 655,044 | 796,934 | ||
Sanlam Ltd. | 1,640,210 | 5,386,715 | |||
# * | Sasol Ltd., Sponsored ADR | 532,788 | 11,209,859 | ||
Shoprite Holdings Ltd. | 295,830 | 4,002,579 | |||
Sibanye Stillwater Ltd. | 2,317,163 | 5,692,200 | |||
# | Sibanye Stillwater Ltd., ADR | 214,816 | 2,135,271 | ||
Standard Bank Group Ltd. | 763,379 | 7,354,509 | |||
Vodacom Group Ltd. | 315,489 | 2,621,274 | |||
Woolworths Holdings Ltd. | 1,130,428 | 3,605,477 | |||
TOTAL SOUTH AFRICA | 162,598,252 | ||||
SOUTH KOREA — (11.7%) | |||||
* | Alteogen, Inc. | 15,144 | 763,647 | ||
Amorepacific Corp. | 9,896 | 984,845 | |||
Amorepacific Group | 32,258 | 917,948 | |||
BGF retail Co. Ltd. | 9,471 | 1,319,431 | |||
BNK Financial Group, Inc. | 332,888 | 1,741,843 | |||
Celltrion Healthcare Co. Ltd. | 27,674 | 1,545,384 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH KOREA — (Continued) | |||||
* | Celltrion Pharm, Inc. | 11,394 | $744,055 | ||
Celltrion, Inc. | 41,152 | 6,024,877 | |||
Cheil Worldwide, Inc. | 69,463 | 1,219,762 | |||
# | Chunbo Co. Ltd. | 2,514 | 458,727 | ||
CJ CheilJedang Corp. | 8,824 | 2,659,677 | |||
CJ Corp. | 23,149 | 1,422,473 | |||
CJ ENM Co. Ltd. | 15,033 | 1,179,184 | |||
* | CJ Logistics Corp. | 12,076 | 1,083,788 | ||
Com2uSCorp | 2,949 | 175,091 | |||
* | CosmoAM&T Co. Ltd. | 11,478 | 475,658 | ||
Coway Co. Ltd. | 56,244 | 2,774,592 | |||
CS Wind Corp. | 16,801 | 721,305 | |||
Daeduck Electronics Co. Ltd. | 12,770 | 281,062 | |||
* | Daewoo Engineering & Construction Co. Ltd. | 255,894 | 1,036,677 | ||
# * | Daewoo Shipbuilding & Marine Engineering Co. Ltd. | 31,106 | 477,464 | ||
Daewoong Co. Ltd. | 1,530 | 33,301 | |||
Daewoong Pharmaceutical Co. Ltd. | 611 | 86,457 | |||
DB HiTek Co. Ltd. | 43,177 | 1,503,243 | |||
DB Insurance Co. Ltd. | 108,717 | 5,059,711 | |||
# | DL E&C Co. Ltd. | 57,621 | 1,803,557 | ||
# | DL Holdings Co. Ltd. | 17,437 | 873,839 | ||
# | Dongjin Semichem Co. Ltd. | 23,898 | 656,644 | ||
Dongkuk Steel Mill Co. Ltd. | 41,126 | 421,794 | |||
Dongsuh Cos., Inc. | 23,600 | 460,204 | |||
* | Dongwha Enterprise Co. Ltd. | 922 | 46,965 | ||
Dongwon Systems Corp. | 531 | 22,285 | |||
Doosan Bobcat, Inc. | 59,853 | 1,437,650 | |||
* | Doosan Enerbility | 503,665 | 7,307,144 | ||
# * | Doosan Fuel Cell Co. Ltd. | 28,267 | 719,776 | ||
Douzone Bizon Co. Ltd. | 12,968 | 321,956 | |||
# | Ecopro BM Co. Ltd. | 19,332 | 1,787,681 | ||
Ecopro Co. Ltd. | 10,233 | 706,895 | |||
E-MART, Inc. | 19,906 | 1,734,805 | |||
Fila Holdings Corp. | 68,044 | 1,595,667 | |||
Foosung Co. Ltd. | 45,505 | 651,213 | |||
Green Cross Corp. | 4,063 | 541,732 | |||
GS Engineering & Construction Corp. | 80,479 | 1,850,158 | |||
GS Holdings Corp. | 66,891 | 2,144,153 | |||
GS Retail Co. Ltd. | 60,832 | 1,151,721 | |||
Hana Financial Group, Inc. | 337,861 | 9,681,909 | |||
* | Hanjin Kal Corp. | 6,881 | 317,756 | ||
Hankook Tire & Technology Co. Ltd. | 92,419 | 2,477,348 | |||
Hanmi Pharm Co. Ltd. | 3,574 | 851,781 | |||
Hanmi Science Co. Ltd. | 7,614 | 240,247 | |||
# | Hanon Systems | 115,792 | 950,438 | ||
# | Hansol Chemical Co. Ltd. | 9,131 | 1,546,093 | ||
# | Hanssem Co. Ltd. | 6,585 | 291,655 | ||
# | Hanwha Aerospace Co. Ltd. | 44,162 | 2,199,798 | ||
# | Hanwha Corp. | 56,544 | 1,202,192 | ||
* | Hanwha Life Insurance Co. Ltd. | 349,192 | 620,574 | ||
* | Hanwha Solutions Corp. | 106,218 | 3,588,611 | ||
HD Hyundai Co. Ltd. | 50,425 | 2,211,108 | |||
Hite Jinro Co. Ltd. | 24,304 | 566,581 | |||
* | HLB, Inc. | 63,504 | 2,059,050 | ||
# | HMM Co. Ltd. | 329,706 | 6,330,474 | ||
Hotel Shilla Co. Ltd. | 24,176 | 1,339,081 | |||
* | Hugel, Inc. | 2,731 | 282,800 | ||
* | HYBE Co. Ltd. | 3,791 | 514,787 | ||
Hyosung Advanced Materials Corp. | 2,410 | 732,248 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH KOREA — (Continued) | |||||
Hyosung Corp. | 9,034 | $534,111 | |||
Hyosung TNC Corp. | 2,049 | 545,303 | |||
Hyundai Autoever Corp. | 3,482 | 337,807 | |||
Hyundai Department Store Co. Ltd. | 6,109 | 313,787 | |||
# * | Hyundai Doosan Infracore Co. Ltd. | 223,139 | 959,580 | ||
Hyundai Elevator Co. Ltd. | 15,545 | 337,284 | |||
Hyundai Engineering & Construction Co. Ltd. | 84,807 | 2,757,618 | |||
Hyundai Glovis Co. Ltd. | 19,151 | 2,687,891 | |||
Hyundai Marine & Fire Insurance Co. Ltd. | 127,359 | 3,217,199 | |||
* | Hyundai Mipo Dockyard Co. Ltd. | 15,813 | 1,097,355 | ||
Hyundai Mobis Co. Ltd. | 30,916 | 5,441,435 | |||
Hyundai Motor Co. | 59,619 | 9,015,177 | |||
# * | Hyundai Rotem Co. Ltd. | 47,080 | 964,592 | ||
Hyundai Steel Co. | 101,051 | 2,658,055 | |||
# | Hyundai Wia Corp. | 16,610 | 874,174 | ||
# | Iljin Materials Co. Ltd. | 12,480 | 709,330 | ||
Industrial Bank of Korea | 314,491 | 2,276,069 | |||
JB Financial Group Co. Ltd. | 41,512 | 238,640 | |||
JYP Entertainment Corp. | 19,986 | 857,180 | |||
Kakao Corp. | 86,689 | 5,005,967 | |||
# * | Kakao Games Corp. | 13,055 | 511,755 | ||
* | Kangwon Land, Inc. | 26,156 | 522,826 | ||
KB Financial Group, Inc. | 209,982 | 7,809,625 | |||
* | KB Financial Group, Inc., ADR | 30,584 | 1,134,055 | ||
KCC Corp. | 4,724 | 1,062,208 | |||
KCC Glass Corp. | 1,839 | 67,961 | |||
KEPCO Engineering & Construction Co., Inc. | 4,509 | 228,400 | |||
KEPCO Plant Service & Engineering Co. Ltd. | 12,026 | 355,112 | |||
KG Dongbu Steel | 19,170 | 181,980 | |||
Kia Corp. | 144,165 | 9,025,793 | |||
KIWOOM Securities Co. Ltd. | 35,015 | 2,280,073 | |||
* | KMW Co. Ltd. | 13,691 | 335,622 | ||
Kolon Industries, Inc. | 14,644 | 618,229 | |||
Korea Aerospace Industries Ltd. | 31,128 | 1,368,990 | |||
* | Korea Electric Power Corp., Sponsored ADR | 54,229 | 467,454 | ||
* | Korea Electric Power Corp. | 92,178 | 1,587,573 | ||
Korea Gas Corp. | 24,489 | 702,029 | |||
Korea Investment Holdings Co. Ltd. | 62,842 | 3,057,803 | |||
* | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 39,696 | 2,594,040 | ||
Korea Zinc Co. Ltd. | 4,721 | 1,735,603 | |||
* | Korean Air Lines Co. Ltd. | 153,072 | 2,990,900 | ||
KT Corp., Sponsored ADR | 82,100 | 1,182,240 | |||
KT&G Corp. | 71,621 | 4,514,201 | |||
# | Kumho Petrochemical Co. Ltd. | 35,567 | 3,552,935 | ||
* | L&F Co. Ltd. | 8,283 | 1,465,721 | ||
# | LEENO Industrial, Inc. | 10,832 | 1,100,818 | ||
LG Chem Ltd. | 21,330 | 9,934,541 | |||
LG Corp. | 73,098 | 4,562,465 | |||
# | LG Display Co. Ltd., ADR | 327,393 | 1,941,440 | ||
# | LG Display Co. Ltd. | 221,348 | 2,616,846 | ||
LG Electronics, Inc. | 157,679 | 11,501,474 | |||
LG Household & Health Care Ltd. | 5,486 | 3,297,247 | |||
LG Innotek Co. Ltd. | 9,241 | 2,590,988 | |||
LG Uplus Corp. | 446,951 | 4,306,862 | |||
LIG Nex1 Co. Ltd. | 4,208 | 286,283 | |||
Lotte Chemical Corp. | 17,322 | 2,356,785 | |||
# | Lotte Chilsung Beverage Co. Ltd. | 2,724 | 372,405 | ||
Lotte Corp. | 29,812 | 858,043 | |||
# | LOTTE Fine Chemical Co. Ltd. | 13,755 | 697,755 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH KOREA — (Continued) | |||||
Lotte Shopping Co. Ltd. | 12,790 | $940,946 | |||
LS Corp. | 19,269 | 874,458 | |||
LS Electric Co. Ltd. | 17,507 | 782,591 | |||
LX Semicon Co. Ltd. | 10,340 | 795,612 | |||
Macquarie Korea Infrastructure Fund | 218,569 | 2,188,742 | |||
Mando Corp. | 42,546 | 1,880,812 | |||
# | Meritz Financial Group, Inc. | 62,223 | 1,256,863 | ||
Meritz Fire & Marine Insurance Co. Ltd. | 47,853 | 1,272,080 | |||
# | Meritz Securities Co. Ltd. | 397,797 | 1,484,726 | ||
Mirae Asset Securities Co. Ltd. | 333,586 | 1,695,237 | |||
NAVER Corp. | 36,928 | 7,387,124 | |||
NCSoft Corp. | 5,915 | 1,699,316 | |||
# Ω | Netmarble Corp. | 11,868 | 660,032 | ||
NH Investment & Securities Co. Ltd. | 177,468 | 1,360,491 | |||
NongShim Co. Ltd. | 2,665 | 573,595 | |||
# | OCI Co. Ltd. | 26,618 | 2,519,505 | ||
Orion Corp. | 19,068 | 1,476,203 | |||
Osstem Implant Co. Ltd. | 7,119 | 608,819 | |||
Ottogi Corp. | 1,318 | 455,845 | |||
Pan Ocean Co. Ltd. | 365,699 | 1,591,863 | |||
# * | Pearl Abyss Corp. | 18,229 | 750,997 | ||
# | POSCO Chemical Co. Ltd. | 10,158 | 1,030,950 | ||
POSCO Holdings, Inc. | 48,345 | 9,028,807 | |||
# | Posco International Corp. | 84,360 | 1,338,216 | ||
S-1 Corp. | 18,026 | 884,641 | |||
* Ω | Samsung Biologics Co. Ltd. | 5,071 | 3,377,624 | ||
Samsung C&T Corp. | 40,508 | 3,760,528 | |||
Samsung Card Co. Ltd. | 26,138 | 645,001 | |||
Samsung Electro-Mechanics Co. Ltd. | 51,069 | 5,623,685 | |||
Samsung Electronics Co. Ltd. | 3,140,501 | 148,656,059 | |||
* | Samsung Engineering Co. Ltd. | 125,475 | 1,899,246 | ||
Samsung Fire & Marine Insurance Co. Ltd. | 40,945 | 6,220,442 | |||
* | Samsung Heavy Industries Co. Ltd. | 482,742 | 2,092,787 | ||
Samsung Life Insurance Co. Ltd. | 59,066 | 2,761,149 | |||
Samsung SDI Co. Ltd. | 19,354 | 8,507,042 | |||
Samsung SDS Co. Ltd. | 21,777 | 2,284,135 | |||
Samsung Securities Co. Ltd. | 74,696 | 2,014,776 | |||
# | Seegene, Inc. | 39,238 | 1,203,488 | ||
SFA Engineering Corp. | 3,472 | 113,258 | |||
Shinhan Financial Group Co. Ltd. | 380,795 | 10,486,804 | |||
Shinhan Financial Group Co. Ltd., ADR | 46,849 | 1,288,816 | |||
Shinsegae, Inc. | 10,056 | 1,694,910 | |||
* | SK Biopharmaceuticals Co. Ltd. | 12,316 | 740,448 | ||
SK Chemicals Co. Ltd. | 16,043 | 1,300,613 | |||
SK Hynix, Inc. | 372,004 | 28,122,310 | |||
* | SK Innovation Co. Ltd. | 42,542 | 6,163,124 | ||
SK Networks Co. Ltd. | 242,361 | 811,501 | |||
SK Telecom Co. Ltd. | 14,597 | 602,497 | |||
SK, Inc. | 42,871 | 7,271,784 | |||
SKC Co. Ltd. | 11,449 | 1,203,384 | |||
SL Corp. | 9,361 | 226,400 | |||
SM Entertainment Co. Ltd. | 8,908 | 475,834 | |||
S-Oil Corp. | 33,286 | 2,372,471 | |||
Solus Advanced Materials Co. Ltd. | 5,507 | 177,894 | |||
Soulbrain Co. Ltd. | 4,534 | 815,515 | |||
# | Ssangyong C&E Co. Ltd. | 107,296 | 551,560 | ||
ST Pharm Co. Ltd. | 2,275 | 158,642 | |||
* | Studio Dragon Corp. | 9,633 | 567,594 | ||
# * | Taihan Electric Wire Co. Ltd. | 170,351 | 231,576 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
SOUTH KOREA — (Continued) | |||||
Tokai Carbon Korea Co. Ltd. | 1,652 | $163,327 | |||
Wemade Co. Ltd. | 8,431 | 386,431 | |||
WONIK IPS Co. Ltd. | 21,433 | 522,460 | |||
Woori Financial Group, Inc. | 563,198 | 5,168,291 | |||
Youngone Corp. | 18,847 | 586,492 | |||
# | Yuhan Corp. | 28,751 | 1,279,992 | ||
TOTAL SOUTH KOREA | 542,604,567 | ||||
TAIWAN — (16.4%) | |||||
Accton Technology Corp. | 390,000 | 3,254,891 | |||
# | Acer, Inc. | 4,172,811 | 3,166,028 | ||
Advanced Energy Solution Holding Co. Ltd. | 18,000 | 644,969 | |||
# | Advantech Co. Ltd. | 175,190 | 2,015,434 | ||
# | Airtac International Group | 159,602 | 4,374,966 | ||
# | Alchip Technologies Ltd. | 68,000 | 1,616,013 | ||
ASE Technology Holding Co. Ltd., ADR | 27,294 | 160,763 | |||
ASE Technology Holding Co. Ltd. | 3,304,782 | 9,630,271 | |||
Asia Cement Corp. | 2,725,758 | 3,782,280 | |||
# | ASMedia Technology, Inc. | 20,000 | 655,813 | ||
# | ASPEED Technology, Inc. | 25,300 | 1,632,955 | ||
# | Asustek Computer, Inc. | 631,180 | 5,954,318 | ||
# | AU Optronics Corp. | 11,326,873 | 5,086,213 | ||
Catcher Technology Co. Ltd. | 783,429 | 4,474,499 | |||
Cathay Financial Holding Co. Ltd. | 3,827,340 | 5,838,821 | |||
Chailease Holding Co. Ltd. | 1,317,016 | 9,366,307 | |||
# | Chang Hwa Commercial Bank Ltd. | 4,537,403 | 2,701,732 | ||
Cheng Shin Rubber Industry Co. Ltd. | 2,224,965 | 2,640,470 | |||
Chicony Electronics Co. Ltd. | 818,497 | 2,170,572 | |||
China Airlines Ltd. | 6,027,536 | 4,605,748 | |||
# | China Development Financial Holding Corp. | 13,783,045 | 5,966,554 | ||
# | China Steel Corp. | 11,906,932 | 11,086,144 | ||
# | Chipbond Technology Corp. | 986,000 | 1,807,085 | ||
Chroma ATE, Inc. | 390,000 | 2,251,693 | |||
# | Chung Hung Steel Corp. | 940,000 | 796,261 | ||
Chunghwa Telecom Co. Ltd., Sponsored ADR | 117,361 | 4,714,391 | |||
Chunghwa Telecom Co. Ltd. | 683,000 | 2,771,354 | |||
# | Compal Electronics, Inc. | 5,218,541 | 3,985,288 | ||
# | Compeq Manufacturing Co. Ltd. | 810,000 | 1,327,521 | ||
# | CTBC Financial Holding Co. Ltd. | 16,024,175 | 12,310,888 | ||
Delta Electronics, Inc. | 1,134,486 | 9,866,759 | |||
E Ink Holdings, Inc. | 270,000 | 1,776,272 | |||
E.Sun Financial Holding Co. Ltd. | 9,531,922 | 8,786,409 | |||
# | Eclat Textile Co. Ltd. | 183,402 | 2,507,570 | ||
# | Elan Microelectronics Corp. | 333,000 | 1,212,793 | ||
# | Elite Material Co. Ltd. | 288,000 | 1,612,513 | ||
eMemory Technology, Inc. | 64,000 | 2,544,162 | |||
# | Eternal Materials Co. Ltd. | 808,591 | 869,591 | ||
* | Eva Airways Corp. | 3,439,758 | 3,946,789 | ||
Evergreen Marine Corp. Taiwan Ltd. | 2,618,222 | 8,413,338 | |||
Far Eastern International Bank | 432,098 | 163,467 | |||
Far Eastern New Century Corp. | 3,222,085 | 3,278,282 | |||
Far EasTone Telecommunications Co. Ltd. | 1,489,000 | 3,754,175 | |||
# | Faraday Technology Corp. | 122,000 | 643,553 | ||
Farglory Land Development Co. Ltd. | 48,000 | 101,119 | |||
Feng TAY Enterprise Co. Ltd. | 352,559 | 1,975,078 | |||
# | First Financial Holding Co. Ltd. | 9,129,084 | 8,246,147 | ||
Formosa Chemicals & Fibre Corp. | 3,269,518 | 7,664,784 | |||
# | Formosa Petrochemical Corp. | 462,000 | 1,306,489 | ||
# | Formosa Plastics Corp. | 2,047,153 | 6,314,097 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
TAIWAN — (Continued) | |||||
Formosa Sumco Technology Corp. | 85,000 | $491,311 | |||
# | Formosa Taffeta Co. Ltd. | 699,000 | 605,884 | ||
Foxconn Technology Co. Ltd. | 1,025,627 | 1,692,325 | |||
Fubon Financial Holding Co. Ltd. | 3,401,554 | 6,389,521 | |||
# | Genius Electronic Optical Co. Ltd. | 130,695 | 1,736,074 | ||
# | Giant Manufacturing Co. Ltd. | 394,506 | 3,227,764 | ||
# | Gigabyte Technology Co. Ltd. | 662,000 | 2,045,502 | ||
Global Unichip Corp. | 76,000 | 1,293,269 | |||
Globalwafers Co. Ltd. | 273,000 | 4,135,493 | |||
HannStar Display Corp. | 1,611,000 | 528,494 | |||
# | Highwealth Construction Corp. | 909,841 | 1,380,435 | ||
Hiwin Technologies Corp. | 374,853 | 2,709,712 | |||
Hon Hai Precision Industry Co. Ltd. | 5,794,322 | 21,176,771 | |||
Hotai Finance Co. Ltd. | 42,000 | 144,975 | |||
Hotai Motor Co. Ltd. | 288,000 | 5,832,845 | |||
Hua Nan Financial Holdings Co. Ltd. | 7,179,401 | 5,554,098 | |||
# | Innolux Corp. | 13,509,241 | 4,678,672 | ||
# | International Games System Co. Ltd. | 146,000 | 1,730,441 | ||
# | Inventec Corp. | 2,864,550 | 2,275,145 | ||
# | King Yuan Electronics Co. Ltd. | 1,629,000 | 2,148,945 | ||
King's Town Bank Co. Ltd. | 329,000 | 383,691 | |||
# | Kinsus Interconnect Technology Corp. | 315,000 | 1,444,792 | ||
# | Largan Precision Co. Ltd. | 74,860 | 5,250,883 | ||
Lien Hwa Industrial Holdings Corp. | 839,106 | 1,683,926 | |||
Lite-On Technology Corp. | 2,650,410 | 5,815,509 | |||
# | Lotes Co. Ltd. | 76,139 | 1,786,114 | ||
Macronix International Co. Ltd. | 2,734,074 | 2,997,717 | |||
Makalot Industrial Co. Ltd. | 272,000 | 1,288,954 | |||
MediaTek, Inc. | 799,995 | 18,431,947 | |||
# * | Medigen Vaccine Biologics Corp. | 31,000 | 213,239 | ||
# | Mega Financial Holding Co. Ltd. | 8,306,369 | 9,839,833 | ||
# | Merida Industry Co. Ltd. | 207,287 | 1,600,545 | ||
# | Micro-Star International Co. Ltd. | 1,037,000 | 4,105,377 | ||
# | momo.com, Inc. | 63,000 | 1,726,901 | ||
Nan Ya Plastics Corp. | 2,602,599 | 5,865,253 | |||
# | Nan Ya Printed Circuit Board Corp. | 277,000 | 2,244,185 | ||
# | Nanya Technology Corp. | 1,356,010 | 2,382,291 | ||
Nien Made Enterprise Co. Ltd. | 254,000 | 2,439,903 | |||
# | Novatek Microelectronics Corp. | 839,000 | 7,474,476 | ||
# | Nuvoton Technology Corp. | 171,000 | 689,850 | ||
* | Oneness Biotech Co. Ltd. | 191,000 | 1,204,181 | ||
Parade Technologies Ltd. | 59,000 | 2,221,843 | |||
# | Pegatron Corp. | 2,363,345 | 4,919,978 | ||
* | PharmaEssentia Corp. | 88,000 | 1,672,767 | ||
Phison Electronics Corp. | 149,000 | 1,461,583 | |||
Pou Chen Corp. | 2,710,487 | 2,433,709 | |||
# | Powerchip Semiconductor Manufacturing Corp. | 3,154,000 | 3,738,592 | ||
Powertech Technology, Inc. | 1,292,819 | 3,705,730 | |||
# | President Chain Store Corp. | 347,831 | 3,288,878 | ||
Qisda Corp. | 1,617,000 | 1,549,652 | |||
Quanta Computer, Inc. | 2,513,000 | 7,134,246 | |||
# | Radiant Opto-Electronics Corp. | 649,000 | 2,031,171 | ||
# | Realtek Semiconductor Corp. | 574,950 | 6,611,774 | ||
Ruentex Development Co. Ltd. | 1,237,483 | 2,273,630 | |||
# | Ruentex Industries Ltd. | 509,741 | 1,055,624 | ||
Shanghai Commercial & Savings Bank Ltd. | 3,011,000 | 5,054,603 | |||
Shin Kong Financial Holding Co. Ltd. | 13,710,712 | 3,919,195 | |||
Silergy Corp. | 124,000 | 2,320,581 | |||
# | Simplo Technology Co. Ltd. | 260,000 | 2,298,038 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
TAIWAN — (Continued) | |||||
# | Sinbon Electronics Co. Ltd. | 190,000 | $1,764,568 | ||
# | Sino-American Silicon Products, Inc. | 758,000 | 3,616,325 | ||
# | SinoPac Financial Holdings Co. Ltd. | 10,092,623 | 5,716,265 | ||
Standard Foods Corp. | 442,418 | 632,946 | |||
Synnex Technology International Corp. | 1,370,343 | 2,542,219 | |||
# | TA Chen Stainless Pipe | 2,000,823 | 2,345,707 | ||
# | Taichung Commercial Bank Co. Ltd. | 2,793,446 | 1,243,826 | ||
# | Taishin Financial Holding Co. Ltd. | 9,624,036 | 5,066,109 | ||
# | Taiwan Business Bank | 6,998,336 | 2,904,638 | ||
Taiwan Cement Corp. | 5,147,701 | 6,680,011 | |||
# | Taiwan Cooperative Financial Holding Co. Ltd. | 7,860,549 | 7,206,835 | ||
# | Taiwan FamilyMart Co. Ltd. | 48,000 | 300,053 | ||
Taiwan Fertilizer Co. Ltd. | 650,000 | 1,394,043 | |||
Taiwan Glass Industry Corp. | 1,402,375 | 834,780 | |||
Taiwan High Speed Rail Corp. | 1,713,000 | 1,674,115 | |||
Taiwan Mobile Co. Ltd. | 1,308,300 | 4,439,697 | |||
Taiwan Secom Co. Ltd. | 335,670 | 1,151,980 | |||
# | Taiwan Semiconductor Manufacturing Co. Ltd. | 12,971,808 | 222,460,865 | ||
* | Tatung Co. Ltd. | 1,748,000 | 2,039,825 | ||
Teco Electric & Machinery Co. Ltd. | 1,902,000 | 1,871,821 | |||
Tong Hsing Electronic Industries Ltd. | 33,000 | 216,918 | |||
Tripod Technology Corp. | 623,870 | 2,140,559 | |||
Tung Ho Steel Enterprise Corp. | 321,040 | 556,965 | |||
U-Ming Marine Transport Corp. | 289,000 | 406,208 | |||
# | Unimicron Technology Corp. | 736,000 | 3,926,337 | ||
# | Uni-President Enterprises Corp. | 4,631,033 | 10,902,069 | ||
# | United Microelectronics Corp. | 6,727,000 | 9,049,557 | ||
# | Vanguard International Semiconductor Corp. | 1,550,000 | 3,733,235 | ||
Voltronic Power Technology Corp. | 75,224 | 3,694,794 | |||
Walsin Lihwa Corp. | 2,671,000 | 3,038,624 | |||
Walsin Technology Corp. | 395,000 | 1,350,291 | |||
Wan Hai Lines Ltd. | 942,747 | 3,387,499 | |||
# | Win Semiconductors Corp. | 416,034 | 2,210,012 | ||
Winbond Electronics Corp. | 4,548,407 | 3,541,032 | |||
†† | Wintek Corp. | 604,760 | 6,930 | ||
Wisdom Marine Lines Co. Ltd. | 390,000 | 895,380 | |||
Wistron Corp. | 4,067,699 | 3,608,146 | |||
# | Wiwynn Corp. | 75,000 | 1,855,239 | ||
WPG Holdings Ltd. | 1,859,039 | 3,123,495 | |||
WT Microelectronics Co. Ltd. | 87,000 | 201,577 | |||
# | Yageo Corp. | 377,682 | 4,360,737 | ||
Yang Ming Marine Transport Corp. | 2,345,000 | 7,072,019 | |||
# | YFY, Inc. | 1,334,000 | 1,076,261 | ||
* | Yieh Phui Enterprise Co. Ltd. | 499,000 | 273,028 | ||
# | Yuanta Financial Holding Co. Ltd. | 9,048,398 | 6,065,125 | ||
Yulon Finance Corp. | 336,609 | 2,015,779 | |||
Yulon Motor Co. Ltd. | 19,000 | 29,149 | |||
# | Zhen Ding Technology Holding Ltd. | 971,700 | 3,680,463 | ||
TOTAL TAIWAN | 760,416,522 | ||||
THAILAND — (2.2%) | |||||
Advanced Info Service PCL | 733,300 | 4,004,165 | |||
AEON Thana Sinsap Thailand PCL | 143,100 | 645,330 | |||
* | Airports of Thailand PCL | 1,898,400 | 3,622,999 | ||
Asset World Corp. PCL | 5,732,900 | 778,715 | |||
B Grimm Power PCL | 326,700 | 337,262 | |||
Bangchak Corp. PCL | 1,721,700 | 1,379,792 | |||
Bangkok Bank PCL | 462,200 | 1,663,719 | |||
Bangkok Bank PCL, NVDR | 126,700 | 456,065 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
THAILAND — (Continued) | |||||
Bangkok Chain Hospital PCL | 2,893,600 | $1,595,764 | |||
Bangkok Commercial Asset Management PCL | 1,737,200 | 797,573 | |||
Bangkok Dusit Medical Services PCL, Class F | 4,406,100 | 3,201,934 | |||
Bangkok Expressway & Metro PCL | 3,479,999 | 822,494 | |||
Bangkok Life Assurance PCL, NVDR | 494,900 | 510,899 | |||
Banpu PCL | 8,234,566 | 2,997,641 | |||
Banpu Power PCL | 669,100 | 274,475 | |||
Berli Jucker PCL | 1,097,400 | 968,908 | |||
* | Beyond Securities PCL | 91,100 | 28,708 | ||
BTS Group Holdings PCL | 4,536,300 | 1,059,826 | |||
Bumrungrad Hospital PCL | 171,300 | 846,960 | |||
Carabao Group PCL, Class F | 163,600 | 500,000 | |||
Central Pattana PCL | 882,500 | 1,522,378 | |||
* | Central Plaza Hotel PCL | 315,800 | 360,326 | ||
Central Retail Corp. PCL | 1,073,050 | 1,064,013 | |||
Charoen Pokphand Foods PCL | 2,571,400 | 1,763,864 | |||
Chularat Hospital PCL, Class F | 5,351,800 | 543,758 | |||
CK Power PCL | 1,368,200 | 198,855 | |||
Com7 PCL, Class F | 1,312,700 | 1,087,676 | |||
CP ALL PCL | 2,280,200 | 3,794,139 | |||
Delta Electronics Thailand PCL | 115,000 | 1,480,848 | |||
Dohome PCL | 773,400 | 338,271 | |||
Electricity Generating PCL | 120,500 | 605,610 | |||
Energy Absolute PCL | 823,900 | 1,852,152 | |||
* | Esso Thailand PCL | 1,330,000 | 382,994 | ||
Forth Corp. PCL | 116,000 | 140,234 | |||
Global Power Synergy PCL, Class F | 282,900 | 520,687 | |||
Gulf Energy Development PCL | 1,161,100 | 1,490,409 | |||
Gunkul Engineering PCL | 5,933,900 | 870,499 | |||
Hana Microelectronics PCL | 33,600 | 41,760 | |||
Home Product Center PCL | 3,733,413 | 1,348,938 | |||
Indorama Ventures PCL | 1,401,500 | 1,665,733 | |||
Intouch Holdings PCL, Class F | 356,100 | 677,180 | |||
IRPC PCL | 22,011,000 | 1,949,358 | |||
* | Jasmine Technology Solution PCL | 87,000 | 1,304,645 | ||
Jay Mart PCL | 238,900 | 309,901 | |||
JMT Network Services PCL, Class F | 248,053 | 503,721 | |||
Kasikornbank PCL | 121,700 | 482,700 | |||
Kasikornbank PCL, NVDR | 5,500 | 21,815 | |||
KCE Electronics PCL | 986,100 | 1,681,004 | |||
Kiatnakin Phatra Bank PCL | 327,800 | 585,516 | |||
Krung Thai Bank PCL | 1,429,987 | 617,680 | |||
Krungthai Card PCL | 556,600 | 865,671 | |||
Land & Houses PCL | 6,942,300 | 1,603,085 | |||
Mega Lifesciences PCL | 422,100 | 559,016 | |||
* | Minor International PCL | 1,133,983 | 1,032,014 | ||
MK Restaurants Group PCL | 309,800 | 429,226 | |||
Muangthai Capital PCL | 754,100 | 988,463 | |||
Osotspa PCL | 1,097,300 | 931,557 | |||
* | PSG Corp. PCL | 1,285,200 | 35,264 | ||
PTT Exploration & Production PCL | 1,189,455 | 5,250,922 | |||
PTT Global Chemical PCL | 1,336,772 | 1,606,959 | |||
PTT PCL | 6,782,700 | 6,403,119 | |||
Ramkhamhaeng Hospital PCL, Class F | 14,300 | 20,881 | |||
Ratch Group PCL | 676,900 | 703,380 | |||
Regional Container Lines PCL | 611,000 | 622,453 | |||
SCB X PCL | 355,366 | 979,887 | |||
SCG Packaging PCL | 753,600 | 1,044,108 | |||
Siam Cement PCL, NVDR | 54,900 | 556,308 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
THAILAND — (Continued) | |||||
Siam Cement PCL | 370,900 | $3,758,373 | |||
Siam City Cement PCL | 94,089 | 388,523 | |||
Siam Global House PCL | 1,544,492 | 788,820 | |||
Singer Thailand PCL | 118,200 | 133,260 | |||
Sri Trang Agro-Industry PCL | 1,620,108 | 955,076 | |||
Sri Trang Gloves Thailand PCL | 1,188,400 | 526,241 | |||
Srisawad Corp. PCL | 1,031,672 | 1,394,341 | |||
Star Petroleum Refining PCL | 2,666,000 | 847,384 | |||
* | STARK Corp. PCL | 2,102,900 | 246,795 | ||
Supalai PCL | 1,364,700 | 719,239 | |||
Thai Oil PCL | 1,530,300 | 2,130,613 | |||
Thai Union Group PCL, Class F | 4,515,940 | 1,999,723 | |||
Thanachart Capital PCL | 240,800 | 246,949 | |||
Thonburi Healthcare Group PCL | 455,000 | 800,360 | |||
Tisco Financial Group PCL | 309,700 | 744,592 | |||
TMBThanachart Bank PCL | 25,424,697 | 828,841 | |||
TOA Paint Thailand PCL | 655,100 | 489,412 | |||
Total Access Communication PCL | 772,800 | 965,738 | |||
True Corp. PCL | 17,144,931 | 2,207,742 | |||
TTW PCL | 1,054,700 | 297,986 | |||
VGI PCL | 3,334,370 | 394,943 | |||
WHA Corp. PCL | 8,082,200 | 658,696 | |||
TOTAL THAILAND | 100,855,853 | ||||
TURKEY — (0.4%) | |||||
# | Akbank TAS | 3,164,956 | 1,532,177 | ||
Aksa Akrilik Kimya Sanayii AS | 41,592 | 136,800 | |||
# | Aksa Enerji Uretim AS | 237,721 | 400,879 | ||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 233,645 | 480,099 | |||
# | Arcelik AS | 76,332 | 277,123 | ||
Aselsan Elektronik Sanayi Ve Ticaret AS | 276,008 | 342,361 | |||
BIM Birlesik Magazalar AS | 283,141 | 1,459,363 | |||
Borusan Yatirim ve Pazarlama AS | 2,256 | 50,257 | |||
Brisa Bridgestone Sabanci Sanayi ve Ticaret AS | 10,590 | 22,157 | |||
Coca-Cola Icecek AS | 53,405 | 433,315 | |||
Dogus Otomotiv Servis ve Ticaret AS | 9,274 | 43,928 | |||
# Ω | Enerjisa Enerji AS | 87,431 | 74,028 | ||
Enka Insaat ve Sanayi AS | 775,859 | 809,440 | |||
# | Eregli Demir ve Celik Fabrikalari TAS | 968,005 | 1,499,459 | ||
Ford Otomotiv Sanayi AS | 45,341 | 771,333 | |||
* | Gubre Fabrikalari TAS | 17,401 | 86,757 | ||
# * | Hektas Ticaret TAS | 95,144 | 175,031 | ||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A | 194,015 | 91,943 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class B | 106,371 | 50,177 | |||
# | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D | 924,114 | 553,520 | ||
KOC Holding AS | 394,102 | 814,604 | |||
# | Koza Altin Isletmeleri AS | 22,016 | 199,032 | ||
* | Koza Anadolu Metal Madencilik Isletmeleri AS | 251,025 | 398,658 | ||
Otokar Otomotiv Ve Savunma Sanayi AS | 12,650 | 338,649 | |||
* | Oyak Cimento Fabrikalari AS | 119,573 | 84,398 | ||
* | Pegasus Hava Tasimaciligi AS | 35,848 | 335,471 | ||
# * | Petkim Petrokimya Holding AS | 1,742,334 | 867,952 | ||
# * | Sasa Polyester Sanayi AS | 263,986 | 658,144 | ||
# * | TAV Havalimanlari Holding AS | 190,894 | 599,816 | ||
Tofas Turk Otomobil Fabrikasi AS | 74,286 | 306,719 | |||
* | Turk Hava Yollari AO | 306,328 | 861,675 | ||
# | Turk Telekomunikasyon AS | 467,239 | 236,809 | ||
Turk Traktor ve Ziraat Makineleri AS | 7,711 | 102,573 | |||
# | Turkcell Iletisim Hizmetleri AS | 972,496 | 924,018 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
TURKEY — (Continued) | |||||
# * | Turkiye Halk Bankasi AS | 384,954 | $104,860 | ||
Turkiye Is Bankasi AS, Class C | 2,062,210 | 604,446 | |||
# * | Turkiye Petrol Rafinerileri AS | 64,525 | 966,539 | ||
# | Turkiye Sise ve Cam Fabrikalari AS | 729,541 | 891,478 | ||
# * | Turkiye Vakiflar Bankasi TAO, Class D | 822,870 | 179,709 | ||
Vestel Beyaz Esya Sanayi ve Ticaret AS | 296,319 | 139,013 | |||
# | Yapi ve Kredi Bankasi AS | 3,271,613 | 870,812 | ||
TOTAL TURKEY | 19,775,522 | ||||
UNITED ARAB EMIRATES — (1.3%) | |||||
Abu Dhabi Commercial Bank PJSC | 2,287,939 | 5,686,811 | |||
Abu Dhabi Islamic Bank PJSC | 1,950,220 | 4,833,085 | |||
Abu Dhabi National Oil Co. for Distribution PJSC | 1,813,595 | 2,114,811 | |||
Aldar Properties PJSC | 3,907,903 | 5,220,630 | |||
Dubai Islamic Bank PJSC | 3,667,354 | 5,876,954 | |||
Emaar Properties PJSC | 4,073,329 | 6,112,814 | |||
Emirates Integrated Telecommunications Co. PJSC | 207,413 | 345,997 | |||
Emirates NBD Bank PJSC | 1,182,223 | 4,449,415 | |||
Emirates Telecommunications Group Co. PJSC | 1,616,568 | 12,268,828 | |||
First Abu Dhabi Bank PJSC | 2,034,757 | 10,768,943 | |||
* | International Holding Co. PJSC | 24,261 | 1,953,457 | ||
TOTAL UNITED ARAB EMIRATES | 59,631,745 | ||||
UNITED STATES — (0.0%) | |||||
Sempra Energy | 9,788 | 1,603,210 | |||
TOTAL COMMON STOCKS | 4,510,986,221 | ||||
PREFERRED STOCKS — (0.9%) | |||||
BRAZIL — (0.9%) | |||||
Alpargatas SASeries D | 117,103 | 497,690 | |||
Banco Bradesco SA | 2,373,138 | 7,994,394 | |||
Braskem SA Class A | 48,439 | 343,485 | |||
Centrais Eletricas Brasileiras SA Class B | 103,746 | 949,015 | |||
Cia de Transmissao de Energia Eletrica Paulista | 122,300 | 538,687 | |||
Cia Energetica de Minas Gerais | 1,094,369 | 2,377,361 | |||
Cia Paranaense de Energia | 1,024,326 | 1,383,823 | |||
Gerdau SA | 653,216 | 3,088,008 | |||
Itau Unibanco Holding SA | 2,317,176 | 10,578,013 | |||
Petroleo Brasileiro SA | 2,024,507 | 13,362,114 | |||
TOTAL BRAZIL | 41,112,590 | ||||
CHILE — (0.0%) | |||||
Embotelladora Andina SA Class B | 481,833 | 874,261 | |||
COLOMBIA — (0.0%) | |||||
Banco Davivienda SA | 49,344 | 352,441 | |||
Grupo Argos SA | 23,167 | 41,611 | |||
Grupo Aval Acciones y Valores SA | 3,354,204 | 578,986 | |||
Grupo de Inversiones Suramericana SA | 84,488 | 303,502 | |||
TOTAL COLOMBIA | 1,276,540 | ||||
SOUTH KOREA — (0.0%) | |||||
Hyundai Engineering & Construction Co. Ltd. | 1,442 | 77,544 |
The Emerging Markets Series
CONTINUED
Shares | Value» | ||||
TAIWAN — (0.0%) | |||||
China Development Financial Holding Corp. | 1,176,143 | $333,212 | |||
TOTAL PREFERRED STOCKS | 43,674,147 | ||||
RIGHTS/WARRANTS — (0.0%) | |||||
MALAYSIA — (0.0%) | |||||
* | Yinson Holdings Bhd | 174,274 | 17,230 | ||
TAIWAN — (0.0%) | |||||
* | Hiwin Technologies Corp. | 11,439 | 21,205 | ||
* | Walsin Lihwa Corp. | 186,820 | 5,615 | ||
* | Yulon Finance Corp. | 27,926 | 26,582 | ||
TOTAL TAIWAN | 53,402 | ||||
THAILAND — (0.0%) | |||||
* | VGI PCL | 70 | 0 | ||
TOTAL RIGHTS/WARRANTS | 70,632 | ||||
TOTAL INVESTMENT SECURITIES (Cost $3,064,589,656) | 4,554,731,000 |
Value† | ||||
SECURITIES LENDING COLLATERAL — (1.6%) | ||||
@ § | The DFA Short Term Investment Fund | 6,249,364 | 72,286,393 | |
TOTAL INVESTMENTS — (100.0%) | ||||
(Cost $3,136,875,883)^^ | $4,627,017,393 |
ADR | American Depositary Receipt |
CP | Certificate Participation |
GDR | Global Depositary Receipt |
SA | Special Assessment |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. |
* | Non-Income Producing Securities. |
# | Total or Partial Securities on Loan. |
Ω | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited. |
†† | Security valued using significant unobservable inputs (Level 3). |
† | See Security Valuation Note within the Notes to Schedules of Investments. |
@ | Security purchased with cash collateral received from Securities on Loan. |
§ | Affiliated Fund. |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. |
As of July 31, 2022, The Emerging
Markets Series had entered into the following outstanding futures contracts:
Description | Number of Contracts | Expiration Date | Notional Value | Market Value | Unrealized Appreciation (Depreciation) | |||||
Long Position Contracts: | ||||||||||
E-Mini MSCI Emerging Markets Index | 650 | 09/16/22 | $33,628,020 | $32,451,250 | $(1,176,770) | |||||
Total Futures Contracts | $33,628,020 | $32,451,250 | $(1,176,770) |
The Emerging Markets Series
CONTINUED
Summary of the Series' investments
as of July 31, 2022, based on their valuation inputs, is as follows (see Security Valuation Note):
Investments in Securities (Market Value) | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Common Stocks | |||||||
Brazil | $173,826,256 | — | — | $173,826,256 | |||
Chile | 12,628,943 | $11,885,311 | — | 24,514,254 | |||
China | 192,384,606 | 1,115,302,311 | $646,824 | 1,308,333,741 | |||
Colombia | 6,953,982 | — | — | 6,953,982 | |||
Czech Republic | — | 8,493,835 | — | 8,493,835 | |||
Egypt | 1,884 | 1,846,806 | — | 1,848,690 | |||
Greece | — | 13,376,237 | 11,607 | 13,387,844 | |||
Hungary | — | 10,053,700 | — | 10,053,700 | |||
India | 29,693,030 | 702,978,950 | — | 732,671,980 | |||
Indonesia | — | 97,952,157 | — | 97,952,157 | |||
Malaysia | — | 74,437,753 | — | 74,437,753 | |||
Mexico | 100,521,395 | — | — | 100,521,395 | |||
Peru | 5,497,036 | — | — | 5,497,036 | |||
Philippines | 1,064,056 | 33,544,781 | — | 34,608,837 | |||
Poland | — | 30,042,229 | — | 30,042,229 | |||
Qatar | — | 43,647,388 | — | 43,647,388 | |||
Saudi Arabia | — | 196,709,473 | — | 196,709,473 | |||
South Africa | 25,885,912 | 136,712,340 | — | 162,598,252 | |||
South Korea | 6,014,005 | 536,590,562 | — | 542,604,567 | |||
Taiwan | 4,875,154 | 755,534,438 | 6,930 | 760,416,522 | |||
Thailand | 98,353,208 | 2,502,645 | — | 100,855,853 | |||
Turkey | — | 19,775,522 | — | 19,775,522 | |||
United Arab Emirates | — | 59,631,745 | — | 59,631,745 | |||
United States | — | 1,603,210 | — | 1,603,210 | |||
Preferred Stocks | |||||||
Brazil | 41,112,590 | — | — | 41,112,590 | |||
Chile | — | 874,261 | — | 874,261 | |||
Colombia | 1,276,540 | — | — | 1,276,540 | |||
South Korea | — | 77,544 | — | 77,544 | |||
Taiwan | — | 333,212 | — | 333,212 | |||
Rights/Warrants | |||||||
Malaysia | — | 17,230 | — | 17,230 | |||
Taiwan | — | 53,402 | — | 53,402 | |||
Securities Lending Collateral | — | 72,286,393 | — | 72,286,393 | |||
Futures Contracts** | (1,176,770) | — | — | (1,176,770) | |||
TOTAL | $698,911,827 | $3,926,263,435 | $665,361^ | $4,625,840,623 | |||
** Valued at the unrealized appreciation/(depreciation) on the investment. |
^ | A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets. |
ORGANIZATION
The DFA Investment Trust Company
(the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940. The Trust’s advisor is Dimensional Fund Advisors LP (the "Advisor"). At July 31, 2022, the Trust
consisted of ten operational portfolios, of which three (the "Series") are included in this document and are "Master Funds" in a master-feeder structure.
SECURITY VALUATION
The Series use a fair value
hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:
• | Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts) |
• | 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 Series' own assumptions in determining the fair value of investments) |
Securities held by the Domestic
Equity Portfolio (The U.S. Large Cap Value Series) and the International Equity Portfolios (The DFA International Value Series and The Emerging Markets Series) including over-the-counter securities, are valued at the
last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity
Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity
Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally,
securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock
Exchange (NYSE). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market
quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with procedures adopted by the Board of
Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Advisor) occur before the net asset value of
the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges.
These securities are generally categorized as Level 2 or Level 3 in the hierarchy.
The International Equity
Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example,
trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the
time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity
Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are
either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity
Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Board of Trustees of the
Fund has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be
unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws
upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign
investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the
Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative
contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to
value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The
methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series'
investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit
and market risk. These instruments and their significant corresponding risks are described below:
1. FOREIGN MARKET RISKS:
Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic
developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the
United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific
types of derivative instruments used by the Series:
2. FUTURES CONTRACTS: The
Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the
Series. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on
which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as
“variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is
presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance
into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and
from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit
risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At July 31, 2022, the total cost of
securities for federal income tax purposes was:
Federal Tax Cost | |
The U.S. Large Cap Value Series | $17,209,170 |
The DFA International Value Series | 11,166,734 |
The Emerging Markets Series | 3,166,319 |
RECENTLY ISSUED ACCOUNTING STANDARDS
AND REGULATIONS
In March 2020, the Financial
Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January
2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The
amendments in the ASUs provide optional
temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference
rates as of the end of 2021 and 2023. The ASUs are effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management has reviewed the
requirements and believes the adoption of these ASUs will not have a material impact on the Series financial statements.
In October 2020, the SEC adopted
new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the “Derivatives Rule”) imposes limits on the amount of derivatives contracts the Series could enter,
eliminate the asset segregation framework currently used by the Series to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and
maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Series are required to comply on August 19, 2022. Management is
currently evaluating the effect, if any, the Derivatives Rule will have on the Series.
On December 3, 2020, the SEC
adopted new Rule 2a-5 (the "Valuation Rule”) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good
faith fair value determination and permits a Board to designate fair value determinations to a fund’s investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The
Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Series.
OTHER
The Series and the Trust are
subject to claims and suits that arise from time to time in the ordinary course of business (for example, claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as the
now ended litigation involving The Tribune Company and the ongoing litigation involving Nine West). Although management currently believes that resolving claims against the Series and the Trust, individually or in
aggregate, will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and
management’s view of these matters may change in the future.
SUBSEQUENT EVENT EVALUATIONS
Management has evaluated the
impact of all subsequent events on the Series through the date on which the financial statements were issued and has determined that there are no subsequent events requiring recognition or disclosure in the financial
statements.