l
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
98.6%
Air
Freight
&
Logistics
1.4%
a
SF
Holding
Co.
Ltd.,
A
..................................
China
734,700
$
5,917,231
Automobile
Components
1.2%
Minth
Group
Ltd.
......................................
China
1,586,910
4,816,509
Automobiles
1.8%
a
BYD
Co.
Ltd.,
A
.......................................
China
86,000
3,205,327
BYD
Co.
Ltd.,
H
......................................
China
127,000
3,735,828
Geely
Automobile
Holdings
Ltd.
...........................
China
565,135
728,241
7,669,396
Banks
5.5%
a
China
Merchants
Bank
Co.
Ltd.,
A
.........................
China
1,573,900
7,841,526
China
Merchants
Bank
Co.
Ltd.,
H
.........................
China
2,004,448
10,178,563
a
Ping
An
Bank
Co.
Ltd.,
A
................................
China
1,494,600
2,724,662
b
Postal
Savings
Bank
of
China
Co.
Ltd.,
H,
144A,
Reg
S
.........
China
3,329,649
1,974,657
22,719,408
Beverages
6.5%
China
Resources
Beer
Holdings
Co.
Ltd.
....................
China
928,706
7,460,628
a
Kweichow
Moutai
Co.
Ltd.,
A
.............................
China
37,445
9,895,561
a
Luzhou
Laojiao
Co.
Ltd.,
A
...............................
China
166,856
6,164,610
a
Wuliangye
Yibin
Co.
Ltd.,
A
..............................
China
126,100
3,604,223
27,125,022
Biotechnology
2.2%
c
BeiGene
Ltd.
.........................................
China
112,569
1,873,668
b,c
InnoCare
Pharma
Ltd.,
144A,
Reg
S
.......................
China
1,418,000
1,511,947
b,c
Innovent
Biologics,
Inc.,
144A,
Reg
S
......................
China
630,172
2,826,625
a
Jinyu
Bio-Technology
Co.
Ltd.,
A
..........................
China
1,722,700
2,978,641
9,190,881
Broadline
Retail
9.4%
c
Alibaba
Group
Holding
Ltd.
..............................
China
2,216,738
28,075,907
JD.com,
Inc.,
A
.......................................
China
513,312
11,208,711
39,284,618
Capital
Markets
2.1%
a
East
Money
Information
Co.
Ltd.,
A
........................
China
1,626,272
4,745,499
Hong
Kong
Exchanges
&
Clearing
Ltd.
.....................
Hong
Kong
90,257
4,000,591
8,746,090
Chemicals
3.3%
a
Guangzhou
Tinci
Materials
Technology
Co.
Ltd.,
A
.............
China
1,640,180
10,034,173
a
Jiangsu
Yangnong
Chemical
Co.
Ltd.,
A
....................
China
269,600
3,813,143
13,847,316
Construction
Materials
2.6%
a
Beijing
Oriental
Yuhong
Waterproof
Technology
Co.
Ltd.,
A
......
China
1,777,718
8,651,036
a,c
Keshun
Waterproof
Technologies
Co.
Ltd.,
A
.................
China
1,261,900
2,163,256
10,814,292
Consumer
Staples
Distribution
&
Retail
0.9%
a
Laobaixing
Pharmacy
Chain
JSC,
A
.......................
China
703,268
3,836,581
Containers
&
Packaging
1.1%
a
Zhejiang
Jiemei
Electronic
&
Technology
Co.
Ltd.,
A
...........
China
1,142,600
4,766,436