Vanguard® Developed Markets Index Fund
Schedule of Investments
(unaudited)
As of March 31, 2024
The fund files its complete schedule
of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are
available on the SEC’s website at www.sec.gov.
| Shares | Market Value ($000) | ||
| Common Stocks (98.5%) | |||
| Australia (6.5%) | |||
| BHP Group Ltd. | 41,637,304 | 1,203,899 | |
| Commonwealth Bank of Australia | 13,956,535 | 1,094,742 | |
| CSL Ltd. | 3,983,854 | 747,480 | |
| National Australia Bank Ltd. | 25,970,060 | 588,016 | |
| Westpac Banking Corp. | 28,877,473 | 491,152 | |
| ANZ Group Holdings Ltd. | 24,849,330 | 476,265 | |
| Wesfarmers Ltd. | 9,364,030 | 417,400 | |
| Macquarie Group Ltd. | 3,006,299 | 391,052 | |
| Goodman Group | 15,265,924 | 336,267 | |
| Woodside Energy Group Ltd. | 15,640,136 | 311,745 | |
| Rio Tinto Ltd. | 3,071,685 | 243,785 | |
| Transurban Group | 25,470,042 | 220,956 | |
| Fortescue Ltd. | 13,155,710 | 220,161 | |
| Woolworths Group Ltd. | 10,083,090 | 217,956 | |
| Aristocrat Leisure Ltd. | 5,362,348 | 150,151 | |
| QBE Insurance Group Ltd. | 12,336,249 | 145,823 | |
| * | James Hardie Industries plc GDR | 3,601,361 | 144,751 |
| Santos Ltd. | 26,858,156 | 135,980 | |
| Brambles Ltd. | 11,500,047 | 121,028 | |
| Coles Group Ltd. | 10,759,237 | 118,774 | |
| Cochlear Ltd. | 530,450 | 116,662 | |
| Amcor plc GDR | 11,978,676 | 112,662 | |
| Suncorp Group Ltd. | 10,479,542 | 111,858 | |
| * | Xero Ltd. | 1,237,619 | 107,462 |
| Scentre Group | 42,903,492 | 94,753 | |
| Northern Star Resources Ltd. | 9,304,517 | 87,793 | |
| Origin Energy Ltd. | 14,218,329 | 85,292 | |
| Computershare Ltd. (XASX) | 4,946,241 | 84,249 | |
| Telstra Group Ltd. | 33,467,488 | 84,185 | |
| Insurance Australia Group Ltd. | 19,874,800 | 82,904 | |
| WiseTech Global Ltd. | 1,329,687 | 81,328 | |
| Sonic Healthcare Ltd. | 3,929,102 | 75,293 | |
| South32 Ltd. | 37,738,998 | 73,641 | |
| CAR Group Ltd. | 2,980,645 | 70,063 | |
| ASX Ltd. | 1,600,332 | 69,235 | |
| Mineral Resources Ltd. | 1,410,730 | 65,089 | |
| Stockland | 19,738,431 | 62,371 | |
| Lottery Corp. Ltd. | 18,388,333 | 61,667 | |
| Pilbara Minerals Ltd. | 23,755,110 | 59,280 | |
| APA Group | 10,605,922 | 58,131 | |
| BlueScope Steel Ltd. | 3,671,033 | 57,096 | |
| Medibank Pvt Ltd. | 22,758,690 | 55,762 | |
| Shares | Market Value ($000) | ||
| Treasury Wine Estates Ltd. | 6,715,509 | 54,474 | |
| Ramsay Health Care Ltd. | 1,449,120 | 53,348 | |
| Ampol Ltd. | 1,970,801 | 51,123 | |
| REA Group Ltd. | 416,825 | 50,364 | |
| Mirvac Group | 32,622,685 | 50,141 | |
| * | NEXTDC Ltd. | 4,233,342 | 49,038 |
| GPT Group | 15,921,763 | 47,383 | |
| SEEK Ltd. | 2,896,572 | 47,233 | |
| Orica Ltd. | 3,956,607 | 47,061 | |
| Dexus | 8,902,577 | 45,871 | |
| Washington H Soul Pattinson & Co. Ltd. | 2,012,664 | 44,062 | |
| Vicinity Ltd. | 31,019,807 | 43,057 | |
| Altium Ltd. | 971,858 | 41,282 | |
| Endeavour Group Ltd. | 11,346,043 | 40,737 | |
| Aurizon Holdings Ltd. | 14,642,329 | 38,179 | |
| JB Hi-Fi Ltd. | 902,565 | 37,784 | |
| Evolution Mining Ltd. | 15,356,609 | 35,891 | |
| Charter Hall Group | 3,887,265 | 34,813 | |
| Steadfast Group Ltd. | 9,015,625 | 34,544 | |
| ALS Ltd. | 3,996,461 | 34,171 | |
| Worley Ltd. | 3,113,952 | 33,989 | |
| Atlas Arteria Ltd. | 9,409,558 | 32,674 | |
| Cleanaway Waste Management Ltd. | 18,333,959 | 32,485 | |
| Reece Ltd. | 1,761,954 | 32,261 | |
| Bendigo & Adelaide Bank Ltd. | 4,690,398 | 31,328 | |
| Seven Group Holdings Ltd. | 1,171,586 | 31,133 | |
| Qube Holdings Ltd. | 13,868,665 | 30,814 | |
| Incitec Pivot Ltd. | 16,029,861 | 30,190 | |
| * | Lynas Rare Earths Ltd. | 7,722,164 | 28,502 |
| Pro Medicus Ltd. | 420,861 | 28,459 | |
| IDP Education Ltd. | 2,309,728 | 26,962 | |
| AGL Energy Ltd. | 4,947,116 | 26,904 | |
| Whitehaven Coal Ltd. | 5,763,098 | 26,652 | |
| Technology One Ltd. | 2,310,984 | 25,543 | |
| * | Qantas Airways Ltd. | 6,998,122 | 24,844 |
| Reliance Worldwide Corp. Ltd. | 6,492,794 | 24,363 | |
| Lendlease Corp. Ltd. | 5,657,217 | 23,697 | |
| IGO Ltd. | 5,118,070 | 23,581 | |
| CSR Ltd. | 3,961,649 | 22,774 | |
| Bank of Queensland Ltd. | 5,525,500 | 22,764 | |
| 1 | Viva Energy Group Ltd. | 9,022,219 | 21,769 |
| * | Paladin Energy Ltd. | 24,213,622 | 21,573 |
| * | Sandfire Resources Ltd. | 3,724,170 | 21,571 |
| Breville Group Ltd. | 1,176,785 | 21,083 | |
| Metcash Ltd. | 8,176,231 | 20,838 | |
| nib holdings Ltd. | 3,999,758 | 20,487 | |
| Orora Ltd. | 11,119,850 | 19,705 | |
| * | Alumina Ltd. | 20,885,556 | 19,354 |
| * | Telix Pharmaceuticals Ltd. | 2,260,971 | 18,975 |
| Downer EDI Ltd. | 5,550,062 | 18,456 | |
| Champion Iron Ltd. | 3,818,942 | 18,437 | |
| 2 | Flight Centre Travel Group Ltd. | 1,287,687 | 18,317 |
| * | Webjet Ltd. | 3,106,770 | 17,864 |
| AMP Ltd. | 22,981,115 | 17,531 | |
| Beach Energy Ltd. | 14,580,704 | 17,487 | |
| 2 | ARB Corp. Ltd. | 631,699 | 17,017 |
| Challenger Ltd. | 3,673,331 | 17,016 | |
| Ansell Ltd. | 1,050,186 | 16,818 |
| Shares | Market Value ($000) | ||
| Ventia Services Group Pty. Ltd. | 6,618,077 | 16,608 | |
| Iluka Resources Ltd. | 3,472,227 | 16,320 | |
| Harvey Norman Holdings Ltd. | 4,858,001 | 16,303 | |
| National Storage REIT | 10,217,152 | 15,970 | |
| Perseus Mining Ltd. | 11,278,072 | 15,815 | |
| Perpetual Ltd. | 930,182 | 15,204 | |
| Region RE Ltd. | 9,580,893 | 14,919 | |
| AUB Group Ltd. | 762,020 | 14,768 | |
| Domino's Pizza Enterprises Ltd. | 519,418 | 14,675 | |
| Eagers Automotive Ltd. | 1,585,599 | 14,631 | |
| Premier Investments Ltd. | 675,697 | 14,445 | |
| Super Retail Group Ltd. | 1,340,699 | 14,069 | |
| Charter Hall Long Wale REIT | 5,566,927 | 13,849 | |
| HUB24 Ltd. | 471,875 | 13,034 | |
| Nine Entertainment Co. Holdings Ltd. | 11,623,627 | 12,947 | |
| New Hope Corp. Ltd. | 4,260,083 | 12,906 | |
| *,1 | Life360 Inc. GDR | 1,463,806 | 12,484 |
| * | Neuren Pharmaceuticals Ltd. | 888,501 | 12,280 |
| * | Megaport Ltd. | 1,250,008 | 12,202 |
| HomeCo Daily Needs REIT | 14,303,757 | 11,832 | |
| Bapcor Ltd. | 2,837,621 | 11,667 | |
| Nufarm Ltd. | 3,191,203 | 11,442 | |
| Nickel Industries Ltd. | 21,572,185 | 11,378 | |
| Ramelius Resources Ltd. | 9,290,983 | 11,277 | |
| Deterra Royalties Ltd. | 3,502,708 | 11,255 | |
| Sigma Healthcare Ltd. | 13,312,036 | 11,238 | |
| * | Boral Ltd. | 2,744,134 | 10,942 |
| * | Bellevue Gold Ltd. | 8,851,670 | 10,886 |
| Sims Ltd. | 1,311,511 | 10,866 | |
| * | Genesis Minerals Ltd. | 8,683,150 | 10,503 |
| Ingenia Communities Group | 3,068,050 | 10,450 | |
| * | De Grey Mining Ltd. | 12,612,138 | 10,407 |
| Corporate Travel Management Ltd. | 940,008 | 10,397 | |
| Centuria Industrial REIT | 4,434,868 | 10,230 | |
| Charter Hall Retail REIT | 4,149,079 | 10,030 | |
| * | Boss Energy Ltd. | 3,207,283 | 9,959 |
| *,2 | Liontown Resources Ltd. | 13,021,430 | 9,915 |
| Lovisa Holdings Ltd. | 454,194 | 9,875 | |
| GrainCorp Ltd. Class A | 1,830,844 | 9,829 | |
| * | PEXA Group Ltd. | 1,112,155 | 9,819 |
| BWP Trust | 4,110,992 | 9,671 | |
| * | Karoon Energy Ltd. | 6,704,203 | 9,471 |
| Netwealth Group Ltd. | 684,697 | 9,415 | |
| HMC Capital Ltd. | 1,998,872 | 9,359 | |
| Brickworks Ltd. | 499,118 | 9,264 | |
| Tabcorp Holdings Ltd. | 18,817,641 | 9,260 | |
| 2 | Yancoal Australia Ltd. | 2,695,198 | 9,202 |
| Lifestyle Communities Ltd. | 901,110 | 9,197 | |
| Gold Road Resources Ltd. | 8,893,386 | 9,171 | |
| Waypoint REIT Ltd. | 5,481,555 | 9,106 | |
| GUD Holdings Ltd. | 1,162,404 | 8,934 | |
| TPG Telecom Ltd. | 3,029,173 | 8,900 | |
| Insignia Financial Ltd. | 5,365,161 | 8,817 | |
| * | Capricorn Metals Ltd. | 2,513,259 | 8,430 |
| * | Audinate Group Ltd. | 601,866 | 8,210 |
| * | IRESS Ltd. | 1,499,990 | 8,103 |
| * | Star Entertainment Group Ltd. | 21,341,050 | 7,987 |
| Arena REIT | 3,034,509 | 7,849 |
| Shares | Market Value ($000) | ||
| 2 | GQG Partners Inc. GDR | 5,373,325 | 7,848 |
| * | Temple & Webster Group Ltd. | 907,066 | 7,758 |
| Elders Ltd. | 1,255,985 | 7,676 | |
| IPH Ltd. | 1,863,039 | 7,658 | |
| *,3 | Regis Resources Ltd. | 5,809,478 | 7,636 |
| * | Adbri Ltd. | 3,719,446 | 7,591 |
| *,2 | PolyNovo Ltd. | 5,058,835 | 7,215 |
| Inghams Group Ltd. | 3,077,548 | 7,200 | |
| Magellan Financial Group Ltd. | 1,116,717 | 7,195 | |
| EVT Ltd. | 872,052 | 7,059 | |
| Codan Ltd. | 989,600 | 7,010 | |
| * | Zip Co. Ltd. | 7,727,774 | 6,995 |
| Monadelphous Group Ltd. | 733,931 | 6,780 | |
| Bega Cheese Ltd. | 2,488,024 | 6,779 | |
| * | West African Resources Ltd. | 8,650,170 | 6,773 |
| NRW Holdings Ltd. | 3,532,875 | 6,740 | |
| Centuria Capital Group | 5,888,002 | 6,710 | |
| * | Red 5 Ltd. | 26,035,012 | 6,457 |
| Helia Group Ltd. | 2,524,934 | 6,433 | |
| *,2 | SiteMinder Ltd. | 1,753,401 | 6,432 |
| Johns Lyng Group Ltd. | 1,533,330 | 6,407 | |
| Data#3 Ltd. | 1,173,086 | 6,329 | |
| Imdex Ltd. | 4,170,230 | 6,327 | |
| McMillan Shakespeare Ltd. | 491,148 | 6,280 | |
| Pinnacle Investment Management Group Ltd. | 794,622 | 6,017 | |
| * | Emerald Resources NL | 3,123,895 | 5,972 |
| Kelsian Group Ltd. | 1,584,089 | 5,962 | |
| Link Administration Holdings Ltd. | 4,043,932 | 5,879 | |
| Collins Foods Ltd. | 879,979 | 5,815 | |
| * | Silver Lake Resources Ltd. | 7,135,636 | 5,770 |
| Credit Corp. Group Ltd. | 467,990 | 5,638 | |
| Westgold Resources Ltd. | 3,283,263 | 5,617 | |
| * | Macquarie Technology Group Ltd. | 105,113 | 5,451 |
| * | Silex Systems Ltd. | 1,598,300 | 5,342 |
| * | Deep Yellow Ltd. | 6,138,222 | 5,337 |
| G8 Education Ltd. | 6,783,306 | 5,304 | |
| * | MMA Offshore Ltd. | 3,033,446 | 5,162 |
| * | Fleetpartners Group Ltd. | 2,034,352 | 4,986 |
| 1 | Coronado Global Resources Inc. GDR | 6,061,534 | 4,934 |
| Charter Hall Social Infrastructure REIT | 2,783,722 | 4,913 | |
| Perenti Ltd. | 7,621,781 | 4,867 | |
| * | Resolute Mining Ltd. | 17,338,696 | 4,863 |
| *,2 | Healius Ltd. | 5,585,411 | 4,820 |
| Jumbo Interactive Ltd. | 423,379 | 4,731 | |
| * | Aussie Broadband Ltd. | 1,965,616 | 4,583 |
| SmartGroup Corp. Ltd. | 708,274 | 4,485 | |
| * | Cettire Ltd. | 1,677,776 | 4,429 |
| 2 | Vulcan Steel Ltd. | 803,169 | 4,414 |
| Domain Holdings Australia Ltd. | 2,050,898 | 4,382 | |
| Hansen Technologies Ltd. | 1,361,527 | 4,322 | |
| oOh!media Ltd. | 3,653,218 | 4,237 | |
| Stanmore Resources Ltd. | 1,964,207 | 4,127 | |
| Rural Funds Group | 2,992,728 | 4,076 | |
| Growthpoint Properties Australia Ltd. | 2,374,821 | 3,930 | |
| Nick Scali Ltd. | 391,260 | 3,925 | |
| *,2 | Imugene Ltd. | 56,608,722 | 3,874 |
| * | Strike Energy Ltd. | 22,738,078 | 3,849 |
| PWR Holdings Ltd. | 511,775 | 3,847 |
| Shares | Market Value ($000) | ||
| Service Stream Ltd. | 4,680,299 | 3,814 | |
| GWA Group Ltd. | 2,129,216 | 3,719 | |
| Austal Ltd. | 2,576,033 | 3,687 | |
| * | Azure Minerals Ltd. | 1,538,933 | 3,654 |
| * | Alpha HPA Ltd. | 6,363,375 | 3,652 |
| Myer Holdings Ltd. | 6,873,960 | 3,649 | |
| Dexus Industria REIT | 1,808,204 | 3,639 | |
| * | Judo Capital Holdings Ltd. | 4,179,950 | 3,624 |
| Clinuvel Pharmaceuticals Ltd. | 385,745 | 3,609 | |
| Accent Group Ltd. | 2,708,169 | 3,583 | |
| Infomedia Ltd. | 3,069,687 | 3,562 | |
| Abacus Storage King | 4,282,758 | 3,487 | |
| * | Kogan.com Ltd. | 673,496 | 3,463 |
| Hotel Property Investments Ltd. | 1,568,050 | 3,453 | |
| Ridley Corp. Ltd. | 2,102,447 | 3,413 | |
| *,2 | Tietto Minerals Ltd. | 8,492,013 | 3,406 |
| * | Nanosonics Ltd. | 1,891,996 | 3,389 |
| Cromwell Property Group | 11,792,264 | 3,342 | |
| *,2 | Wildcat Resources Ltd. | 7,808,375 | 3,313 |
| Abacus Group | 4,025,443 | 3,278 | |
| *,2 | Weebit Nano Ltd. | 1,470,107 | 3,209 |
| Centuria Office REIT | 3,679,836 | 3,201 | |
| * | Cooper Energy Ltd. | 21,962,848 | 3,159 |
| * | Mayne Pharma Group Ltd. | 657,999 | 3,103 |
| *,2 | Superloop Ltd. | 3,512,306 | 3,089 |
| Platinum Asset Management Ltd. | 4,300,991 | 3,028 | |
| Dicker Data Ltd. | 426,127 | 2,990 | |
| Australian Ethical Investment Ltd. | 918,810 | 2,953 | |
| HealthCo REIT | 3,568,475 | 2,953 | |
| * | Select Harvests Ltd. | 985,337 | 2,857 |
| Regis Healthcare Ltd. | 1,075,702 | 2,811 | |
| *,2 | Mesoblast Ltd. | 7,568,668 | 2,736 |
| * | Bravura Solutions Ltd. | 2,957,875 | 2,697 |
| *,2 | Arafura Rare Earths Ltd. | 19,958,321 | 2,668 |
| * | Opthea Ltd. | 5,486,548 | 2,644 |
| 2,3 | APM Human Services International Ltd. | 2,417,789 | 2,586 |
| * | Latin Resources Ltd. | 21,422,707 | 2,580 |
| *,3 | Leo Lithium Ltd. | 7,547,085 | 2,484 |
| *,3 | AVZ Minerals Ltd. | 18,520,485 | 2,353 |
| * | Nuix Ltd. | 1,599,437 | 2,324 |
| *,2 | Vulcan Energy Resources Ltd. | 1,237,180 | 2,314 |
| Navigator Global Investments Ltd. (XASX) | 2,156,261 | 2,307 | |
| * | Omni Bridgeway Ltd. | 2,325,195 | 2,294 |
| * | Australian Agricultural Co. Ltd. | 2,585,056 | 2,292 |
| *,2 | EML Payments Ltd. | 2,593,475 | 2,079 |
| Emeco Holdings Ltd. | 4,381,967 | 2,030 | |
| MyState Ltd. | 843,776 | 2,012 | |
| *,2 | Chalice Mining Ltd. | 2,777,185 | 1,953 |
| * | OFX Group Ltd. | 1,832,194 | 1,945 |
| *,2 | Syrah Resources Ltd. | 6,003,764 | 1,938 |
| Integral Diagnostics Ltd. | 1,303,918 | 1,913 | |
| *,2 | Carnarvon Energy Ltd. | 14,823,690 | 1,834 |
| SG Fleet Group Ltd. | 925,050 | 1,778 | |
| 2 | Australian Clinical Labs Ltd. | 1,001,538 | 1,755 |
| * | Tyro Payments Ltd. | 2,593,788 | 1,739 |
| *,2 | ioneer Ltd. | 16,526,891 | 1,723 |
| Australian Finance Group Ltd. | 1,615,937 | 1,716 | |
| *,2 | Sayona Mining Ltd. | 66,319,965 | 1,688 |
| Shares | Market Value ($000) | ||
| * | Mount Gibson Iron Ltd. | 5,773,933 | 1,615 |
| *,2 | Core Lithium Ltd. | 15,963,741 | 1,611 |
| Baby Bunting Group Ltd. | 1,085,195 | 1,484 | |
| * | Alkane Resources Ltd. | 3,626,578 | 1,479 |
| * | Aurelia Metals Ltd. | 14,557,973 | 1,469 |
| Cedar Woods Properties Ltd. | 460,080 | 1,439 | |
| GDI Property Group Partnership | 3,577,001 | 1,434 | |
| * | Coast Entertainment Holdings Ltd. | 4,029,997 | 1,392 |
| *,2 | BrainChip Holdings Ltd. | 6,871,365 | 1,388 |
| * | Calix Ltd. | 1,325,630 | 1,264 |
| *,2 | Fineos Corp. Ltd. GDR | 1,133,495 | 1,248 |
| Southern Cross Media Group Ltd. | 1,891,003 | 1,177 | |
| Jupiter Mines Ltd. | 7,668,459 | 1,124 | |
| *,2 | Praemium Ltd. | 3,716,078 | 1,066 |
| 2 | Humm Group Ltd. | 3,207,318 | 1,044 |
| *,2 | Novonix Ltd. | 1,768,371 | 987 |
| Solvar Ltd. | 1,338,328 | 935 | |
| * | Seven West Media Ltd. | 7,289,604 | 903 |
| PointsBet Holdings Ltd. | 1,642,457 | 883 | |
| *,2 | Argosy Minerals Ltd. | 9,847,470 | 866 |
| *,2 | Australian Strategic Materials Ltd. | 911,613 | 820 |
| *,2 | 29Metals Ltd. | 3,013,058 | 737 |
| 2 | St Barbara Ltd. | 6,363,871 | 725 |
| *,2 | Lake Resources NL | 10,707,296 | 461 |
| *,3 | Firefinch Ltd. | 8,031,301 | 314 |
| * | Jervois Global Ltd. | 7,869,443 | 128 |
| * | Paradigm Biopharmaceuticals Ltd. | 514,433 | 115 |
| * | Neometals Ltd. | 1,059,845 | 90 |
| * | Andromeda Metals Ltd. | 2,041,253 | 28 |
| 12,500,749 | |||
| Austria (0.2%) | |||
| Erste Group Bank AG | 2,537,977 | 113,112 | |
| OMV AG | 1,174,231 | 55,615 | |
| 1 | BAWAG Group AG | 633,373 | 40,087 |
| 2 | Verbund AG | 546,879 | 39,955 |
| 2 | ANDRITZ AG | 573,565 | 35,748 |
| Wienerberger AG | 875,027 | 31,874 | |
| voestalpine AG | 915,314 | 25,677 | |
| 2 | Raiffeisen Bank International AG | 1,065,617 | 21,210 |
| 2 | CA Immobilien Anlagen AG | 283,658 | 9,999 |
| Vienna Insurance Group AG Wiener Versicherung Gruppe | 318,429 | 9,923 | |
| 2 | Oesterreichische Post AG | 271,560 | 9,273 |
| DO & CO AG | 60,504 | 9,026 | |
| 2 | Mayr Melnhof Karton AG | 71,858 | 8,957 |
| 2 | EVN AG | 300,000 | 7,928 |
| UNIQA Insurance Group AG | 914,985 | 7,903 | |
| * | IMMOFINANZ AG | 265,134 | 6,458 |
| Telekom Austria AG | 739,940 | 6,184 | |
| *,2 | Lenzing AG | 160,681 | 5,553 |
| Schoeller-Bleckmann Oilfield Equipment AG | 93,533 | 4,470 | |
| Strabag SE | 100,614 | 4,238 | |
| 2 | AT&S Austria Technologie & Systemtechnik AG | 202,757 | 4,230 |
| Palfinger AG | 109,397 | 2,722 | |
| Porr AG | 136,532 | 2,091 | |
| Agrana Beteiligungs AG | 84,876 | 1,282 | |
| * | Eurotelesites AG | 273,661 | 1,094 |
| Shares | Market Value ($000) | ||
| *,2 | S IMMO AG (XWBO) | 41,656 | 792 |
| 465,401 | |||
| Belgium (0.9%) | |||
| Anheuser-Busch InBev SA | 8,318,298 | 506,368 | |
| * | Argenx SE | 489,107 | 192,842 |
| KBC Group NV | 2,030,854 | 152,257 | |
| UCB SA | 1,000,662 | 123,528 | |
| Ageas SA | 1,363,111 | 63,147 | |
| * | Syensqo SA | 587,526 | 55,671 |
| Groupe Bruxelles Lambert NV | 709,675 | 53,650 | |
| D'ieteren Group | 185,140 | 41,046 | |
| Warehouses De Pauw CVA | 1,378,998 | 39,322 | |
| Umicore SA | 1,683,413 | 36,294 | |
| Elia Group SA | 309,812 | 33,443 | |
| Ackermans & van Haaren NV | 182,792 | 31,958 | |
| Lotus Bakeries NV | 3,301 | 31,870 | |
| Sofina SA | 141,537 | 31,739 | |
| Aedifica SA | 387,120 | 23,779 | |
| Cofinimmo SA | 307,092 | 20,064 | |
| Colruyt Group NV | 399,416 | 18,464 | |
| Azelis Group NV | 855,595 | 18,072 | |
| Solvay SA | 572,426 | 15,622 | |
| Bekaert SA | 295,054 | 15,129 | |
| KBC Ancora | 298,670 | 14,554 | |
| Melexis NV | 167,648 | 13,576 | |
| Montea NV | 149,595 | 13,465 | |
| Shurgard Self Storage Ltd. (XBRU) | 254,534 | 11,354 | |
| Proximus SADP | 1,253,570 | 10,138 | |
| Barco NV | 587,023 | 9,672 | |
| VGP NV | 82,697 | 9,466 | |
| Deme Group NV | 58,318 | 9,330 | |
| Fagron | 472,363 | 9,000 | |
| Xior Student Housing NV | 278,408 | 8,404 | |
| Gimv NV | 172,227 | 8,274 | |
| Retail Estates NV | 99,391 | 6,975 | |
| Kinepolis Group NV | 111,662 | 5,124 | |
| Tessenderlo Group SA | 186,422 | 4,877 | |
| * | Ontex Group NV | 509,156 | 4,305 |
| 2 | Euronav NV | 202,920 | 3,362 |
| bpost SA | 803,846 | 3,004 | |
| 1,649,145 | |||
| Canada (9.4%) | |||
| Royal Bank of Canada | 11,606,394 | 1,170,622 | |
| 2 | Toronto-Dominion Bank | 14,682,619 | 886,128 |
| * | Shopify Inc. Class A | 9,385,205 | 724,044 |
| Canadian Pacific Kansas City Ltd. | 7,683,430 | 677,444 | |
| 2 | Canadian Natural Resources Ltd. | 8,844,402 | 674,683 |
| Enbridge Inc. | 17,483,211 | 631,799 | |
| Canadian National Railway Co. | 4,731,621 | 623,070 | |
| Bank of Montreal | 5,965,908 | 582,475 | |
| Brookfield Corp. | 12,423,332 | 519,844 | |
| 2 | Bank of Nova Scotia | 9,975,240 | 516,013 |
| Constellation Software Inc. | 163,823 | 447,488 | |
| Suncor Energy Inc. | 10,756,251 | 396,962 | |
| 2 | Canadian Imperial Bank of Commerce | 7,478,962 | 379,152 |
| Manulife Financial Corp. | 15,042,379 | 375,685 | |
| Waste Connections Inc. | 2,124,482 | 365,234 | |
| Shares | Market Value ($000) | ||
| Alimentation Couche-Tard Inc. | 6,103,515 | 348,354 | |
| 2 | TC Energy Corp. | 8,515,598 | 342,246 |
| Sun Life Financial Inc. | 4,850,062 | 264,640 | |
| Barrick Gold Corp. | 14,516,336 | 241,448 | |
| Intact Financial Corp. | 1,475,543 | 239,695 | |
| National Bank of Canada | 2,777,549 | 233,884 | |
| Agnico Eagle Mines Ltd. | 3,787,984 | 225,872 | |
| Nutrien Ltd. | 4,093,344 | 222,383 | |
| Cenovus Energy Inc. | 10,794,066 | 215,794 | |
| Restaurant Brands International Inc. | 2,546,690 | 202,242 | |
| 2 | Thomson Reuters Corp. | 1,278,236 | 198,924 |
| Fairfax Financial Holdings Ltd. | 178,727 | 192,654 | |
| Franco-Nevada Corp. | 1,575,581 | 187,737 | |
| * | CGI Inc. | 1,693,427 | 186,826 |
| Wheaton Precious Metals Corp. | 3,735,868 | 175,961 | |
| Teck Resources Ltd. Class B | 3,746,510 | 171,484 | |
| Dollarama Inc. | 2,213,189 | 168,601 | |
| WSP Global Inc. | 969,886 | 161,649 | |
| Pembina Pipeline Corp. | 4,544,674 | 160,408 | |
| Fortis Inc. (XTSE) | 4,007,673 | 158,348 | |
| Cameco Corp. | 3,574,125 | 154,728 | |
| Loblaw Cos. Ltd. | 1,215,071 | 134,644 | |
| 2 | Tourmaline Oil Corp. | 2,642,095 | 123,527 |
| 2 | Power Corp. of Canada | 4,312,614 | 120,921 |
| Magna International Inc. | 2,202,487 | 119,982 | |
| RB Global Inc. | 1,495,348 | 113,894 | |
| TFI International Inc. | 661,206 | 105,438 | |
| 2 | Brookfield Asset Management Ltd. Class A | 2,238,207 | 94,019 |
| 2 | Imperial Oil Ltd. | 1,347,390 | 92,936 |
| Metro Inc. | 1,719,323 | 92,303 | |
| ARC Resources Ltd. | 4,931,656 | 87,925 | |
| Open Text Corp. | 2,210,082 | 85,757 | |
| BCE Inc. | 2,512,935 | 85,394 | |
| Emera Inc. | 2,348,681 | 82,656 | |
| Stantec Inc. | 941,920 | 78,202 | |
| 1 | Hydro One Ltd. | 2,612,353 | 76,179 |
| George Weston Ltd. | 542,460 | 73,290 | |
| 2 | Great-West Lifeco Inc. | 2,244,144 | 71,770 |
| Toromont Industries Ltd. | 667,915 | 64,274 | |
| TELUS Corp. | 4,007,887 | 64,118 | |
| * | Descartes Systems Group Inc. | 699,548 | 63,987 |
| Kinross Gold Corp. | 10,150,100 | 62,270 | |
| TMX Group Ltd. | 2,284,505 | 60,260 | |
| SNC-Lavalin Group Inc. | 1,451,289 | 59,357 | |
| *,2 | Ivanhoe Mines Ltd. Class A | 4,885,181 | 58,281 |
| First Quantum Minerals Ltd. | 5,400,103 | 58,045 | |
| GFL Environmental Inc. | 1,674,170 | 57,732 | |
| Lundin Mining Corp. | 5,632,223 | 57,630 | |
| West Fraser Timber Co. Ltd. | 623,063 | 53,799 | |
| Element Fleet Management Corp. | 3,250,337 | 52,527 | |
| FirstService Corp. | 316,538 | 52,404 | |
| * | MEG Energy Corp. | 2,262,353 | 51,943 |
| Gildan Activewear Inc. | 1,385,630 | 51,423 | |
| iA Financial Corp. Inc. | 825,336 | 51,273 | |
| 2 | AltaGas Ltd. | 2,316,891 | 51,177 |
| * | CAE Inc. | 2,430,090 | 50,179 |
| Keyera Corp. | 1,884,516 | 48,541 | |
| Alamos Gold Inc. Class A | 3,265,835 | 48,148 |
| Shares | Market Value ($000) | ||
| 2 | Canadian Apartment Properties REIT | 1,377,500 | 47,278 |
| Pan American Silver Corp. | 2,985,412 | 45,005 | |
| * | Celestica Inc. | 966,059 | 43,405 |
| Canadian Tire Corp. Ltd. Class A | 427,792 | 42,667 | |
| 2 | Crescent Point Energy Corp. | 4,929,592 | 40,323 |
| Onex Corp. | 537,505 | 40,265 | |
| Saputo Inc. | 2,011,916 | 39,583 | |
| 2 | Whitecap Resources Inc. | 4,921,456 | 37,241 |
| Boyd Group Services Inc. | 176,080 | 37,230 | |
| Parkland Corp. | 1,126,625 | 35,881 | |
| 2 | Algonquin Power & Utilities Corp. | 5,648,120 | 35,693 |
| 2 | Brookfield Infrastructure Corp. Class A | 977,415 | 35,213 |
| Finning International Inc. | 1,194,893 | 35,118 | |
| 2 | Northland Power Inc. | 2,096,943 | 34,259 |
| 2 | PrairieSky Royalty Ltd. | 1,747,942 | 34,235 |
| 2 | RioCan REIT | 2,480,868 | 33,828 |
| Enerplus Corp. | 1,676,777 | 32,940 | |
| Colliers International Group Inc. | 257,662 | 31,495 | |
| * | Bombardier Inc. Class B | 702,097 | 30,141 |
| * | NexGen Energy Ltd. | 3,638,690 | 28,286 |
| Granite REIT | 492,669 | 28,119 | |
| * | Bausch Health Cos. Inc. | 2,631,485 | 27,878 |
| B2Gold Corp. | 10,633,611 | 27,869 | |
| Stella-Jones Inc. | 475,338 | 27,723 | |
| Capital Power Corp. | 982,471 | 27,714 | |
| Brookfield Renewable Corp. Class A (XTSE) | 1,096,414 | 26,905 | |
| * | Kinaxis Inc. | 230,139 | 26,165 |
| 2 | Osisko Gold Royalties Ltd. | 1,518,618 | 24,923 |
| 2 | Methanex Corp. | 555,924 | 24,777 |
| Primo Water Corp. | 1,289,017 | 23,467 | |
| * | Capstone Copper Corp. | 3,624,329 | 23,064 |
| Tricon Residential Inc. | 1,994,562 | 22,235 | |
| * | ATS Corp. | 653,153 | 21,978 |
| * | Eldorado Gold Corp. | 1,522,710 | 21,404 |
| 2 | Choice Properties REIT | 2,103,185 | 21,396 |
| * | Air Canada | 1,444,719 | 20,915 |
| * | Aritzia Inc. | 739,015 | 20,405 |
| Dream Industrial REIT | 2,092,488 | 20,360 | |
| 2 | First Capital REIT | 1,743,316 | 20,219 |
| 2 | Gibson Energy Inc. | 1,176,847 | 20,035 |
| Premium Brands Holdings Corp. | 306,257 | 20,009 | |
| Baytex Energy Corp. | 5,445,674 | 19,659 | |
| Definity Financial Corp. | 607,052 | 19,334 | |
| Boardwalk REIT | 331,185 | 19,090 | |
| Linamar Corp. | 349,473 | 18,576 | |
| 2 | SmartCentres REIT | 1,077,639 | 18,481 |
| BRP Inc. | 272,794 | 18,316 | |
| Chartwell Retirement Residences | 1,964,508 | 17,926 | |
| 2 | IGM Financial Inc. | 674,147 | 17,384 |
| Atco Ltd. Class I | 608,391 | 16,937 | |
| Russel Metals Inc. | 497,867 | 16,566 | |
| 2 | Vermilion Energy Inc. | 1,326,006 | 16,485 |
| 1 | Nuvei Corp. | 516,339 | 16,322 |
| Canadian Western Bank | 775,298 | 16,141 | |
| * | Lightspeed Commerce Inc. | 1,144,255 | 16,092 |
| CI Financial Corp. | 1,184,274 | 15,143 | |
| TransAlta Corp. | 2,288,367 | 14,681 | |
| H&R REIT | 2,117,484 | 14,460 |
| Shares | Market Value ($000) | ||
| * | Equinox Gold Corp. | 2,377,526 | 14,340 |
| Boralex Inc. Class A | 669,669 | 14,149 | |
| Allied Properties REIT | 1,058,769 | 13,812 | |
| 2 | First Majestic Silver Corp. | 2,349,962 | 13,792 |
| Hudbay Minerals Inc. | 1,960,535 | 13,721 | |
| Parex Resources Inc. | 854,511 | 13,651 | |
| * | IAMGOLD Corp. | 3,951,289 | 13,185 |
| OceanaGold Corp. | 5,778,195 | 13,053 | |
| Paramount Resources Ltd. Class A | 632,343 | 12,833 | |
| * | Shopify Inc. Class A (XTSE) | 165,520 | 12,773 |
| Topaz Energy Corp. | 756,871 | 12,460 | |
| *,2 | BlackBerry Ltd. | 4,330,849 | 11,862 |
| Stelco Holdings Inc. | 354,259 | 11,683 | |
| North West Co. Inc. | 390,309 | 11,310 | |
| Lundin Gold Inc. | 800,639 | 11,254 | |
| 2 | Superior Plus Corp. | 1,462,173 | 10,892 |
| * | Torex Gold Resources Inc. | 707,194 | 10,410 |
| 2 | Centerra Gold Inc. | 1,759,684 | 10,393 |
| Maple Leaf Foods Inc. | 611,915 | 10,033 | |
| Quebecor Inc. Class B | 422,343 | 9,257 | |
| Enghouse Systems Ltd. | 365,151 | 8,230 | |
| Primaris REIT | 775,979 | 7,992 | |
| 2 | Winpak Ltd. | 254,989 | 7,631 |
| Mullen Group Ltd. | 708,819 | 7,598 | |
| SSR Mining Inc. | 1,696,381 | 7,552 | |
| 2 | Innergex Renewable Energy Inc. | 1,272,123 | 7,504 |
| Laurentian Bank of Canada | 362,620 | 7,501 | |
| 2 | Transcontinental Inc. Class A | 603,118 | 6,550 |
| 2 | NorthWest Healthcare Properties REIT | 1,768,402 | 6,123 |
| * | Canfor Corp. | 480,977 | 6,075 |
| 2 | Westshore Terminals Investment Corp. | 317,612 | 6,007 |
| * | Novagold Resources Inc. | 1,951,050 | 5,833 |
| 2 | Cargojet Inc. | 69,188 | 5,716 |
| *,2 | Ballard Power Systems Inc. | 2,046,132 | 5,695 |
| Cascades Inc. | 770,337 | 5,624 | |
| *,2 | Lithium Americas Corp. | 810,861 | 5,447 |
| *,2 | Cronos Group Inc. | 1,626,883 | 4,264 |
| *,2 | Lithium Americas Argentina Corp. | 782,056 | 4,209 |
| First National Financial Corp. | 143,083 | 3,974 | |
| Cogeco Communications Inc. | 86,496 | 3,836 | |
| GFL Environmental Inc. (XTSE) | 96,301 | 3,322 | |
| 18,081,511 | |||
| Denmark (2.8%) | |||
| Novo Nordisk A/S Class B | 25,590,895 | 3,282,630 | |
| DSV A/S | 1,439,012 | 233,918 | |
| * | Vestas Wind Systems A/S | 8,322,851 | 232,154 |
| Novozymes A/S Class B | 2,878,921 | 169,343 | |
| Danske Bank A/S | 5,480,528 | 164,506 | |
| * | Genmab A/S | 539,946 | 161,891 |
| Coloplast A/S Class B | 1,026,738 | 138,627 | |
| Pandora A/S | 685,190 | 110,594 | |
| Carlsberg A/S Class B | 759,874 | 104,061 | |
| *,1 | Orsted A/S | 1,559,152 | 87,124 |
| Tryg A/S | 2,810,950 | 57,946 | |
| * | Zealand Pharma A/S | 485,486 | 48,087 |
| AP Moller - Maersk A/S Class B | 32,665 | 42,590 | |
| * | Demant A/S | 784,843 | 39,009 |
| Ringkjoebing Landbobank A/S | 220,972 | 38,744 | |
| Shares | Market Value ($000) | ||
| * | NKT A/S | 444,328 | 36,758 |
| Jyske Bank A/S (Registered) | 382,024 | 32,360 | |
| * | GN Store Nord A/S | 1,202,965 | 31,817 |
| AP Moller - Maersk A/S Class A | 22,907 | 29,351 | |
| Royal Unibrew A/S | 407,626 | 26,972 | |
| * | Ambu A/S Class B | 1,499,525 | 24,679 |
| Sydbank A/S | 468,349 | 24,280 | |
| * | ROCKWOOL A/S Class B | 72,126 | 23,731 |
| *,2 | FLSmidth & Co. A/S | 469,233 | 23,441 |
| ISS A/S | 1,270,765 | 23,152 | |
| * | ALK-Abello A/S | 1,085,479 | 19,578 |
| Topdanmark A/S | 356,471 | 15,233 | |
| Alm Brand A/S | 7,077,369 | 13,494 | |
| * | Bavarian Nordic A/S | 515,155 | 11,540 |
| *,1 | Netcompany Group A/S | 272,565 | 11,267 |
| Spar Nord Bank A/S | 641,892 | 10,714 | |
| H Lundbeck A/S | 2,142,531 | 10,319 | |
| Torm plc Class A | 263,333 | 8,946 | |
| 1 | Scandinavian Tobacco Group A/S | 461,284 | 8,251 |
| Chemometec A/S | 130,226 | 8,021 | |
| Schouw & Co. A/S | 100,627 | 7,756 | |
| Dfds A/S | 263,303 | 7,654 | |
| D/S Norden A/S | 178,430 | 7,292 | |
| * | NTG Nordic Transport Group A/S | 135,395 | 5,520 |
| H Lundbeck A/S Shares A | 452,035 | 1,877 | |
| 5,335,227 | |||
| Finland (0.8%) | |||
| Nordea Bank Abp (XHEL) | 27,590,429 | 311,901 | |
| Sampo OYJ Class A | 3,686,602 | 157,256 | |
| Nokia OYJ | 43,219,349 | 153,346 | |
| UPM-Kymmene OYJ | 4,407,631 | 146,848 | |
| Kone OYJ Class B | 2,695,592 | 125,580 | |
| Neste OYJ | 3,441,245 | 93,310 | |
| Stora Enso OYJ Class R | 4,748,487 | 66,033 | |
| Metso OYJ | 5,277,111 | 62,686 | |
| Wartsila OYJ Abp | 4,008,832 | 60,924 | |
| Elisa OYJ | 1,175,875 | 52,424 | |
| Fortum OYJ | 3,605,210 | 44,511 | |
| Kesko OYJ Class B | 2,237,220 | 41,823 | |
| Valmet OYJ | 1,363,039 | 35,881 | |
| Orion OYJ Class B | 862,605 | 32,155 | |
| Huhtamaki OYJ | 766,531 | 32,103 | |
| Konecranes OYJ | 587,942 | 30,518 | |
| * | Cargotec OYJ Class B | 362,403 | 25,268 |
| TietoEVRY OYJ (XHEL) | 882,104 | 18,666 | |
| Kemira OYJ | 942,120 | 17,810 | |
| * | Mandatum OYJ | 3,874,195 | 17,298 |
| * | Kojamo OYJ | 1,319,570 | 15,638 |
| *,2 | QT Group OYJ | 163,177 | 13,466 |
| Outokumpu OYJ | 3,016,156 | 13,120 | |
| Metsa Board OYJ Class B | 1,428,426 | 10,822 | |
| Nokian Renkaat OYJ | 1,023,200 | 9,638 | |
| Tokmanni Group Corp. | 397,281 | 6,506 | |
| * | Revenio Group OYJ | 191,357 | 5,258 |
| 1 | Terveystalo OYJ | 630,482 | 5,126 |
| Sanoma OYJ | 608,672 | 4,468 | |
| Citycon OYJ | 744,080 | 3,071 | |
| YIT OYJ | 1,275,049 | 2,677 | |
| Shares | Market Value ($000) | ||
| * | Finnair OYJ | 671,130 | 2,123 |
| F-Secure OYJ | 848,223 | 1,716 | |
| 1,619,970 | |||
| France (9.0%) | |||
| LVMH Moet Hennessy Louis Vuitton SE | 2,046,428 | 1,841,368 | |
| TotalEnergies SE | 17,054,489 | 1,173,168 | |
| Schneider Electric SE | 4,413,345 | 997,753 | |
| Airbus SE | 4,843,637 | 892,337 | |
| Sanofi SA | 9,003,685 | 875,918 | |
| Hermes International SCA | 282,733 | 722,603 | |
| Safran SA | 2,817,640 | 638,116 | |
| BNP Paribas SA | 8,475,910 | 603,441 | |
| EssilorLuxottica SA | 2,518,377 | 569,686 | |
| AXA SA | 14,703,282 | 552,193 | |
| L'Oreal SA Loyalty Shares | 1,160,730 | 549,689 | |
| Vinci SA | 4,040,631 | 518,528 | |
| Air Liquide SA Loyalty Shares | 2,460,525 | 511,909 | |
| Danone SA | 5,156,368 | 333,333 | |
| Capgemini SE | 1,332,250 | 306,565 | |
| Cie de Saint-Gobain SA | 3,790,949 | 294,230 | |
| L'Oreal SA (XPAR) | 603,459 | 285,781 | |
| Air Liquide SA (XPAR) | 1,354,657 | 281,834 | |
| Pernod Ricard SA | 1,675,474 | 271,233 | |
| Dassault Systemes SE | 5,536,281 | 245,075 | |
| Kering SA | 593,735 | 235,169 | |
| STMicroelectronics NV | 5,387,957 | 231,888 | |
| Legrand SA | 2,102,071 | 222,602 | |
| Cie Generale des Etablissements Michelin SCA | 5,792,720 | 221,996 | |
| Publicis Groupe SA | 1,891,772 | 206,242 | |
| Orange SA | 15,842,809 | 186,312 | |
| Veolia Environnement SA | 5,144,904 | 167,373 | |
| Societe Generale SA | 6,012,616 | 161,096 | |
| Thales SA | 807,255 | 137,621 | |
| Engie SA Loyalty Shares | 7,993,858 | 133,956 | |
| Credit Agricole SA | 8,283,051 | 123,566 | |
| Edenred SE | 2,062,296 | 110,116 | |
| Engie SA (XPAR) | 5,134,248 | 86,036 | |
| Renault SA | 1,583,320 | 79,895 | |
| Carrefour SA | 4,431,986 | 76,028 | |
| Eiffage SA | 645,623 | 73,273 | |
| Bureau Veritas SA | 2,359,208 | 72,035 | |
| L'Oreal SA | 148,958 | 70,542 | |
| * | Unibail-Rodamco-Westfield | 849,376 | 68,329 |
| Eurofins Scientific SE | 1,071,474 | 68,253 | |
| Accor SA | 1,458,273 | 68,082 | |
| 1 | Euronext NV | 672,232 | 63,976 |
| Bouygues SA | 1,498,306 | 61,168 | |
| * | Sartorius Stedim Biotech | 209,504 | 59,756 |
| Vivendi SE | 5,137,612 | 55,989 | |
| Air Liquide SA PF 2025 | 256,252 | 53,313 | |
| Rexel SA | 1,966,436 | 53,119 | |
| Arkema SA | 475,906 | 50,103 | |
| Getlink SE | 2,911,965 | 49,580 | |
| Teleperformance SE | 496,851 | 48,261 | |
| Bollore SE | 7,204,402 | 48,134 | |
| Klepierre SA | 1,696,640 | 43,918 | |
| Gecina SA | 428,421 | 43,761 | |
| SCOR SE | 1,246,818 | 43,162 | |
| Shares | Market Value ($000) | ||
| Gaztransport Et Technigaz SA | 287,073 | 42,921 | |
| SPIE SA | 1,113,889 | 41,872 | |
| Dassault Aviation SA | 187,043 | 41,181 | |
| BioMerieux | 355,092 | 39,164 | |
| * | Air Liquide SA | 176,841 | 36,792 |
| Aeroports de Paris SA | 266,072 | 36,482 | |
| 2 | Alstom SA | 2,394,192 | 36,460 |
| Alten SA | 243,321 | 35,512 | |
| Ipsen SA | 283,632 | 33,751 | |
| 1 | La Francaise des Jeux SAEM | 825,062 | 33,628 |
| 1 | Amundi SA | 473,459 | 32,520 |
| Elis SA | 1,429,698 | 32,495 | |
| Sodexo SA ACT Loyalty Shares | 372,569 | 31,938 | |
| Technip Energies NV | 1,139,390 | 28,823 | |
| Sopra Steria Group | 117,890 | 28,570 | |
| Rubis SCA | 777,752 | 27,459 | |
| Nexans SA | 250,817 | 26,221 | |
| * | Vallourec SACA | 1,354,441 | 25,158 |
| *,1 | Worldline SA | 2,017,503 | 24,960 |
| Valeo SE | 1,832,048 | 22,905 | |
| Wendel SE | 224,165 | 22,878 | |
| Covivio SA | 438,768 | 22,616 | |
| 1 | Verallia SA | 575,301 | 22,367 |
| IPSOS SA | 311,248 | 21,943 | |
| * | Pluxee NV | 720,853 | 21,309 |
| * | SOITEC | 205,689 | 21,241 |
| Sodexo SA (XPAR) | 237,605 | 20,368 | |
| SES SA | 2,971,501 | 19,806 | |
| * | Forvia SE | 1,304,126 | 19,759 |
| Remy Cointreau SA | 187,500 | 18,933 | |
| Eurazeo SE Prime DE Fidelite | 209,581 | 18,364 | |
| * | Ubisoft Entertainment SA | 851,137 | 17,903 |
| SEB SA Loyalty Shares | 126,015 | 16,123 | |
| 1 | Neoen SA | 561,370 | 15,892 |
| Societe BIC SA | 198,237 | 14,165 | |
| Engie SA PF 2025 | 834,909 | 13,991 | |
| Coface SA | 872,776 | 13,796 | |
| Virbac SACA | 35,660 | 13,326 | |
| Trigano SA | 66,240 | 11,651 | |
| * | JCDecaux SE | 599,669 | 11,641 |
| 1 | ALD SA | 1,617,263 | 11,433 |
| Imerys SA | 323,965 | 11,037 | |
| Eurazeo SE (XPAR) | 125,863 | 11,029 | |
| *,2 | Air France-KLM | 961,803 | 10,707 |
| *,2 | VusionGroup | 64,604 | 9,932 |
| SEB SA (XPAR) | 77,139 | 9,869 | |
| Mercialys SA | 781,278 | 9,101 | |
| Interparfums SA | 157,826 | 8,892 | |
| * | Engie SA | 522,401 | 8,754 |
| * | ID Logistics Group SACA | 21,448 | 8,183 |
| Carmila SA | 468,294 | 8,145 | |
| Metropole Television SA | 535,779 | 7,987 | |
| Television Francaise 1 SA | 871,546 | 7,961 | |
| ICADE | 268,714 | 7,279 | |
| ARGAN SA | 80,044 | 7,244 | |
| Cie Plastic Omnium SE | 457,991 | 5,964 | |
| Eramet SA | 77,842 | 5,913 | |
| *,2 | Eutelsat Communications SACA | 1,350,953 | 5,887 |
| Shares | Market Value ($000) | ||
| Quadient SA | 278,247 | 5,723 | |
| PEUGEOT INVEST | 43,061 | 5,439 | |
| 2 | Mersen SA | 137,054 | 5,397 |
| Vicat SACA | 125,298 | 4,943 | |
| Beneteau SACA | 297,303 | 4,381 | |
| Eurazeo SE PF 2025 | 49,881 | 4,371 | |
| * | Exclusive Networks SA | 183,015 | 4,342 |
| Derichebourg SA | 753,479 | 3,581 | |
| 2 | Nexity SA | 345,436 | 3,532 |
| Vetoquinol SA | 32,350 | 3,475 | |
| Sodexo Inc. (Prime Fidelite 2026) | 39,000 | 3,343 | |
| Antin Infrastructure Partners SA | 227,793 | 3,303 | |
| *,1 | X-Fab Silicon Foundries SE | 429,254 | 3,247 |
| Sodexo Prime De Fidelite 2027 | 37,444 | 3,210 | |
| *,2 | Valneva SE | 800,972 | 3,136 |
| Manitou BF SA | 102,096 | 2,795 | |
| Etablissements Maurel et Prom SA | 461,428 | 2,790 | |
| Fnac Darty SA | 87,396 | 2,738 | |
| Altarea SCA | 32,343 | 2,735 | |
| Lagardere SA | 119,252 | 2,721 | |
| * | CGG SA | 5,889,141 | 2,552 |
| *,1,2 | Elior Group SA | 933,414 | 2,495 |
| * | OVH Groupe SAS | 229,158 | 2,392 |
| * | Believe SA | 117,028 | 2,141 |
| * | Voltalia SA (Registered) | 296,467 | 2,098 |
| GL Events SACA | 99,788 | 2,056 | |
| Jacquet Metals SACA | 100,866 | 2,006 | |
| LISI SA | 77,336 | 1,973 | |
| Sodexo SA (Loyalty Line 2025) | 22,289 | 1,911 | |
| * | Euroapi SA | 587,716 | 1,772 |
| *,2 | Atos SE | 790,128 | 1,611 |
| Equasens | 28,095 | 1,554 | |
| Boiron SA | 29,894 | 1,085 | |
| Sodexo SA Loyalty Shares 2025 | 11,102 | 952 | |
| LISI SA (XPAR) | 34,651 | 884 | |
| Bonduelle SCA | 104,031 | 843 | |
| * | Eurazeo SE | 8,870 | 777 |
| *,1 | Aramis Group SAS | 146,609 | 532 |
| * | LISI | 3,517 | 90 |
| 17,216,537 | |||
| Germany (6.6%) | |||
| SAP SE | 9,074,909 | 1,767,056 | |
| Siemens AG (Registered) | 6,165,779 | 1,177,287 | |
| Allianz SE (Registered) | 3,231,105 | 968,417 | |
| Deutsche Telekom AG (Registered) | 26,724,889 | 648,733 | |
| Mercedes-Benz Group AG | 7,109,205 | 566,155 | |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | 1,126,584 | 549,931 | |
| BASF SE | 7,356,905 | 420,402 | |
| Infineon Technologies AG | 10,781,415 | 366,628 | |
| Deutsche Post AG | 8,209,301 | 353,799 | |
| Deutsche Boerse AG | 1,520,734 | 311,431 | |
| adidas AG | 1,365,517 | 305,096 | |
| Bayerische Motoren Werke AG (XETR) | 2,555,504 | 294,851 | |
| Deutsche Bank AG (Registered) | 16,824,757 | 264,994 | |
| E.ON SE | 18,324,434 | 255,111 | |
| Bayer AG (Registered) | 8,133,666 | 249,090 | |
| Daimler Truck Holding AG | 4,427,266 | 224,351 | |
| Shares | Market Value ($000) | ||
| Rheinmetall AG | 359,131 | 201,983 | |
| RWE AG | 5,889,305 | 200,161 | |
| Merck KGaA | 1,069,411 | 188,575 | |
| Vonovia SE | 5,758,858 | 170,184 | |
| *,1 | Siemens Healthineers AG | 2,289,851 | 140,042 |
| Hannover Rueck SE | 496,471 | 135,947 | |
| Symrise AG | 1,077,352 | 128,971 | |
| Heidelberg Materials AG | 1,153,706 | 127,002 | |
| Beiersdorf AG | 823,907 | 119,958 | |
| Commerzbank AG | 8,606,278 | 118,286 | |
| MTU Aero Engines AG | 444,741 | 112,798 | |
| Brenntag SE | 1,098,949 | 92,620 | |
| Fresenius SE & Co. KGaA | 3,403,638 | 91,785 | |
| *,1 | Covestro AG | 1,519,695 | 83,127 |
| * | Siemens Energy AG | 4,460,258 | 81,862 |
| * | Qiagen NV | 1,767,274 | 75,529 |
| Fresenius Medical Care AG | 1,680,918 | 64,589 | |
| Continental AG | 893,630 | 64,507 | |
| GEA Group AG | 1,428,248 | 60,386 | |
| Henkel AG & Co. KGaA (XTER) | 828,209 | 59,675 | |
| * | LEG Immobilien SE (XETR) | 612,879 | 52,641 |
| *,1 | Zalando SE | 1,804,564 | 51,602 |
| *,1 | Delivery Hero SE | 1,630,981 | 46,637 |
| 1 | Scout24 SE | 613,372 | 46,210 |
| Nemetschek SE | 446,484 | 44,194 | |
| CTS Eventim AG & Co. KGaA | 486,977 | 43,298 | |
| Knorr-Bremse AG | 546,208 | 41,312 | |
| * | Deutsche Lufthansa AG (Registered) | 4,956,938 | 38,958 |
| Carl Zeiss Meditec AG (Bearer) | 303,021 | 37,825 | |
| Puma SE | 824,899 | 37,332 | |
| Volkswagen AG | 237,206 | 36,235 | |
| Bechtle AG | 675,658 | 35,711 | |
| Talanx AG | 450,048 | 35,651 | |
| Rational AG | 39,446 | 33,987 | |
| Evonik Industries AG | 1,694,741 | 33,522 | |
| Gerresheimer AG | 285,195 | 32,105 | |
| KION Group AG | 593,686 | 31,230 | |
| Freenet AG | 985,253 | 27,727 | |
| HUGO BOSS AG | 467,497 | 27,554 | |
| AIXTRON SE | 880,487 | 23,248 | |
| 2 | K&S AG (Registered) | 1,486,267 | 23,195 |
| *,2 | MorphoSys AG | 311,270 | 22,604 |
| 2 | Hensoldt AG | 479,342 | 22,492 |
| thyssenkrupp AG | 4,066,203 | 21,813 | |
| HOCHTIEF AG | 176,583 | 20,519 | |
| * | Evotec SE | 1,297,582 | 20,223 |
| LANXESS AG | 715,776 | 19,158 | |
| *,1 | TeamViewer SE | 1,202,087 | 17,914 |
| Aurubis AG | 250,602 | 17,625 | |
| * | TAG Immobilien AG | 1,254,426 | 17,144 |
| * | Encavis AG | 908,064 | 16,505 |
| Krones AG | 120,708 | 15,980 | |
| Stroeer SE & Co. KGaA | 258,676 | 15,744 | |
| * | Fraport AG Frankfurt Airport Services Worldwide | 295,204 | 15,558 |
| 2 | Siltronic AG | 171,154 | 15,186 |
| 1 | DWS Group GmbH & Co. KGaA | 341,932 | 15,057 |
| *,2 | Nordex SE | 1,147,776 | 15,052 |
| United Internet AG (Registered) | 664,883 | 14,963 |
| Shares | Market Value ($000) | ||
| Traton SE | 414,676 | 14,916 | |
| Wacker Chemie AG | 124,778 | 14,074 | |
| Jenoptik AG | 423,173 | 13,145 | |
| Stabilus SE | 204,070 | 12,994 | |
| Schott Pharma AG & Co. KGaA | 288,248 | 12,332 | |
| *,2 | Aroundtown SA | 5,695,326 | 12,006 |
| 1 | Befesa SA | 334,580 | 11,501 |
| Sixt SE (XETR) | 110,565 | 11,024 | |
| 2 | RTL Group SA | 322,851 | 10,893 |
| *,1 | Redcare Pharmacy NV | 66,231 | 10,841 |
| FUCHS SE | 270,116 | 10,608 | |
| Bilfinger SE | 213,789 | 9,985 | |
| 2 | ProSiebenSat.1 Media SE | 1,378,328 | 9,680 |
| * | HelloFresh SE | 1,335,503 | 9,526 |
| Duerr AG | 407,959 | 9,427 | |
| * | Grand City Properties SA | 817,965 | 9,355 |
| Atoss Software AG | 31,611 | 9,345 | |
| CANCOM SE | 310,447 | 9,258 | |
| Fielmann Group AG | 200,713 | 9,220 | |
| * | Hypoport SE | 35,317 | 8,983 |
| Deutsche Wohnen SE | 407,400 | 8,351 | |
| Salzgitter AG | 318,520 | 8,320 | |
| * | flatexDEGIRO AG | 697,657 | 7,815 |
| 2 | Kontron AG | 342,628 | 7,557 |
| Suedzucker AG | 484,628 | 6,947 | |
| Deutz AG | 1,053,794 | 6,687 | |
| 1&1 AG | 379,092 | 6,544 | |
| * | Synlab AG | 601,008 | 6,441 |
| CompuGroup Medical SE & Co. KGaA | 196,499 | 6,047 | |
| *,2 | Nagarro SE | 69,492 | 5,977 |
| METRO AG | 1,082,414 | 5,890 | |
| Hornbach Holding AG & Co. KGaA | 72,253 | 5,805 | |
| GRENKE AG | 217,278 | 5,675 | |
| Elmos Semiconductor SE | 70,802 | 5,644 | |
| * | Sartorius AG | 18,725 | 5,548 |
| 1,2 | Deutsche Pfandbriefbank AG | 997,324 | 5,325 |
| 2 | PNE AG | 353,596 | 5,113 |
| Dermapharm Holding SE | 142,263 | 5,011 | |
| Norma Group SE | 266,803 | 4,952 | |
| Eckert & Ziegler Strahlen- und Medizintechnik AG | 118,609 | 4,798 | |
| Indus Holding AG | 161,704 | 4,631 | |
| * | Ionos SE | 200,465 | 4,607 |
| KWS Saat SE & Co. KGaA | 82,882 | 4,432 | |
| Telefonica Deutschland Holding AG | 1,723,852 | 4,380 | |
| * | SMA Solar Technology AG | 72,437 | 4,183 |
| GFT Technologies SE | 138,192 | 4,022 | |
| Takkt AG | 274,058 | 3,956 | |
| Energiekontor AG | 55,115 | 3,809 | |
| Wacker Neuson SE | 205,040 | 3,796 | |
| *,1 | Thyssenkrupp Nucera AG & Co. KGaA | 244,380 | 3,780 |
| 2 | Verbio SE | 164,506 | 3,740 |
| Kloeckner & Co. SE | 496,206 | 3,614 | |
| Vossloh AG | 72,140 | 3,555 | |
| *,1,2 | Auto1 Group SE | 750,533 | 3,544 |
| Adesso SE | 29,706 | 3,499 | |
| * | Hamburger Hafen und Logistik AG | 188,640 | 3,375 |
| Deutsche Beteiligungs AG | 118,282 | 3,290 | |
| * | Adtran Networks SE | 146,114 | 3,146 |
| Shares | Market Value ($000) | ||
| BayWa AG | 115,836 | 3,144 | |
| PATRIZIA SE | 333,930 | 3,102 | |
| *,2 | SGL Carbon SE | 404,770 | 3,037 |
| * | CECONOMY AG | 1,478,120 | 2,965 |
| *,2 | Varta AG | 176,558 | 2,818 |
| * | Vitesco Technologies Group AG (XETR) | 37,744 | 2,621 |
| STRATEC SE | 57,344 | 2,487 | |
| Wuestenrot & Wuerttembergische AG | 154,294 | 2,216 | |
| Deutsche EuroShop AG | 101,385 | 2,079 | |
| 2 | Secunet Security Networks AG | 10,672 | 1,847 |
| *,2 | About You Holding SE | 380,329 | 1,763 |
| 2 | New Work SE | 21,461 | 1,559 |
| ElringKlinger AG | 229,017 | 1,500 | |
| Basler AG | 114,873 | 1,339 | |
| Draegerwerk AG & Co. KGaA (XETR) | 24,155 | 1,182 | |
| Synlab AG (XETR) | 40,089 | 474 | |
| Hamburger Hafen und Logistik AG (XTER) | 9,928 | 179 | |
| 12,572,261 | |||
| Hong Kong (1.6%) | |||
| AIA Group Ltd. | 93,743,756 | 630,574 | |
| Hong Kong Exchanges & Clearing Ltd. | 10,499,299 | 305,931 | |
| Techtronic Industries Co. Ltd. | 10,849,712 | 147,424 | |
| Sun Hung Kai Properties Ltd. | 11,755,503 | 113,554 | |
| CLP Holdings Ltd. | 13,588,221 | 108,383 | |
| CK Hutchison Holdings Ltd. | 22,004,514 | 105,900 | |
| Link REIT | 21,120,537 | 90,954 | |
| Galaxy Entertainment Group Ltd. | 17,873,879 | 89,853 | |
| BOC Hong Kong Holdings Ltd. | 29,726,439 | 79,705 | |
| Lenovo Group Ltd. | 63,670,312 | 73,769 | |
| Hong Kong & China Gas Co. Ltd. | 90,061,076 | 68,263 | |
| Power Assets Holdings Ltd. | 11,310,073 | 66,261 | |
| Hang Seng Bank Ltd. | 6,003,015 | 65,803 | |
| CK Asset Holdings Ltd. | 15,907,301 | 65,549 | |
| Jardine Matheson Holdings Ltd. | 1,628,924 | 60,761 | |
| * | Sands China Ltd. | 19,858,942 | 56,027 |
| 1 | WH Group Ltd. | 64,589,417 | 42,634 |
| Wharf Real Estate Investment Co. Ltd. | 12,826,940 | 41,763 | |
| 1 | Samsonite International SA | 10,784,099 | 40,860 |
| MTR Corp. Ltd. | 11,978,336 | 39,576 | |
| PRADA SpA | 4,221,449 | 33,494 | |
| ASMPT Ltd. | 2,555,101 | 32,142 | |
| Henderson Land Development Co. Ltd. | 10,736,969 | 30,661 | |
| Sino Land Co. Ltd. | 29,261,785 | 30,421 | |
| CK Infrastructure Holdings Ltd. | 4,893,059 | 28,658 | |
| Swire Pacific Ltd. Class A | 3,417,894 | 28,137 | |
| Hongkong Land Holdings Ltd. | 9,116,208 | 27,991 | |
| Wharf Holdings Ltd. | 7,871,898 | 25,878 | |
| 1 | ESR Group Ltd. | 22,587,554 | 24,200 |
| Chow Tai Fook Jewellery Group Ltd. | 14,551,112 | 21,489 | |
| 1 | Budweiser Brewing Co. APAC Ltd. | 13,993,563 | 20,640 |
| SITC International Holdings Co. Ltd. | 10,575,736 | 19,335 | |
| AAC Technologies Holdings Inc. | 5,565,831 | 18,692 | |
| Xinyi Glass Holdings Ltd. | 17,543,536 | 18,618 | |
| Swire Properties Ltd. | 8,699,400 | 18,299 | |
| PCCW Ltd. | 34,439,641 | 17,037 | |
| Hang Lung Properties Ltd. | 14,999,093 | 15,424 | |
| Bank of East Asia Ltd. | 11,841,304 | 14,110 | |
| * | HUTCHMED China Ltd. | 4,043,545 | 13,843 |
| Shares | Market Value ($000) | ||
| L'Occitane International SA | 3,299,067 | 13,353 | |
| 1 | BOC Aviation Ltd. | 1,728,967 | 13,338 |
| Orient Overseas International Ltd. | 1,079,527 | 12,922 | |
| New World Development Co. Ltd. | 11,608,367 | 12,273 | |
| Pacific Basin Shipping Ltd. | 39,520,261 | 11,443 | |
| * | Wynn Macau Ltd. | 12,151,116 | 10,860 |
| Swire Pacific Ltd. Class B | 7,974,458 | 10,401 | |
| * | MGM China Holdings Ltd. | 6,158,409 | 10,298 |
| First Pacific Co. Ltd. | 19,016,433 | 9,581 | |
| 2 | Cathay Pacific Airways Ltd. | 8,275,453 | 9,406 |
| United Laboratories International Holdings Ltd. | 8,025,064 | 9,194 | |
| Kerry Properties Ltd. | 4,936,279 | 9,043 | |
| Man Wah Holdings Ltd. | 12,618,703 | 8,918 | |
| VTech Holdings Ltd. | 1,367,519 | 8,294 | |
| Hang Lung Group Ltd. | 7,167,993 | 8,257 | |
| Hysan Development Co. Ltd. | 5,082,079 | 8,199 | |
| Yue Yuen Industrial Holdings Ltd. | 5,802,866 | 8,156 | |
| * | MMG Ltd. | 20,291,153 | 7,981 |
| Luk Fook Holdings International Ltd. | 2,805,653 | 7,691 | |
| *,2 | SJM Holdings Ltd. | 19,239,247 | 5,881 |
| * | Shangri-La Asia Ltd. | 9,252,314 | 5,798 |
| Stella International Holdings Ltd. | 3,563,948 | 5,680 | |
| Vitasoy International Holdings Ltd. | 6,613,174 | 5,672 | |
| NWS Holdings Ltd. | 6,723,458 | 5,586 | |
| Fortune REIT | 11,350,182 | 5,527 | |
| DFI Retail Group Holdings Ltd. | 2,511,605 | 5,401 | |
| * | NagaCorp Ltd. | 11,075,386 | 4,845 |
| *,2 | Cowell e Holdings Inc. | 1,949,722 | 4,671 |
| * | CGN Mining Co. Ltd. | 20,385,000 | 4,516 |
| 2 | United Energy Group Ltd. | 60,833,098 | 4,360 |
| Jinchuan Group International Resources Co. Ltd. | 40,655,802 | 4,269 | |
| Johnson Electric Holdings Ltd. | 2,987,627 | 4,142 | |
| CITIC Telecom International Holdings Ltd. | 12,526,932 | 4,050 | |
| * | Melco International Development Ltd. | 6,279,627 | 3,944 |
| China Travel International Investment Hong Kong Ltd. | 22,338,609 | 3,744 | |
| Dah Sing Financial Holdings Ltd. | 1,480,507 | 3,403 | |
| Champion REIT | 16,207,036 | 3,337 | |
| * | Theme International Holdings Ltd. | 40,418,893 | 3,205 |
| Nexteer Automotive Group Ltd. | 6,552,777 | 3,087 | |
| * | IGG Inc. | 6,720,344 | 2,838 |
| VSTECS Holdings Ltd. | 5,256,750 | 2,817 | |
| Cafe de Coral Holdings Ltd. | 2,676,597 | 2,742 | |
| *,1,2 | Everest Medicines Ltd. | 900,509 | 2,708 |
| Giordano International Ltd. | 9,795,774 | 2,578 | |
| *,2 | Vobile Group Ltd. | 12,422,230 | 2,560 |
| HKBN Ltd. | 6,774,993 | 2,537 | |
| Kerry Logistics Network Ltd. | 2,241,505 | 2,445 | |
| * | Mongolian Mining Corp. | 2,058,000 | 2,394 |
| * | Super Hi International Holding Ltd. | 1,318,000 | 2,385 |
| *,1 | FIT Hon Teng Ltd. | 9,029,481 | 2,311 |
| K Wah International Holdings Ltd. | 9,839,489 | 2,252 | |
| Dah Sing Banking Group Ltd. | 3,151,623 | 2,244 | |
| 2 | Huabao International Holdings Ltd. | 7,673,172 | 2,235 |
| Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 1,883,616 | 2,157 | |
| *,2 | Realord Group Holdings Ltd. | 3,007,595 | 2,098 |
| Chow Sang Sang Holdings International Ltd. | 1,848,991 | 1,963 | |
| SUNeVision Holdings Ltd. | 5,896,962 | 1,923 | |
| Sunlight REIT | 8,844,663 | 1,832 |
| Shares | Market Value ($000) | ||
| 1 | Js Global Lifestyle Co. Ltd. | 9,656,125 | 1,778 |
| Value Partners Group Ltd. | 7,179,044 | 1,643 | |
| *,2 | C-Mer Eye Care Holdings Ltd. | 4,287,601 | 1,552 |
| Prosperity REIT | 8,962,983 | 1,489 | |
| SmarTone Telecommunications Holdings Ltd. | 2,943,409 | 1,440 | |
| Hutchison Telecommunications Hong Kong Holdings Ltd. | 10,340,014 | 1,335 | |
| * | Texhong International Group Ltd. | 2,429,358 | 1,330 |
| Guotai Junan International Holdings Ltd. | 19,081,503 | 1,295 | |
| LK Technology Holdings Ltd. | 3,012,966 | 1,234 | |
| Far East Consortium International Ltd. | 9,219,460 | 1,202 | |
| Truly International Holdings Ltd. | 11,368,294 | 1,105 | |
| CITIC Resources Holdings Ltd. | 19,533,284 | 1,025 | |
| *,1,2 | Frontage Holdings Corp. | 5,280,348 | 973 |
| * | Shun Tak Holdings Ltd. | 10,039,763 | 963 |
| *,2 | Sa Sa International Holdings Ltd. | 8,676,035 | 921 |
| *,2 | Television Broadcasts Ltd. | 2,268,705 | 894 |
| Asia Cement China Holdings Corp. | 3,484,794 | 892 | |
| *,2 | Powerlong Real Estate Holdings Ltd. | 11,003,943 | 859 |
| * | Hong Kong Technology Venture Co. Ltd. | 4,101,959 | 855 |
| Singamas Container Holdings Ltd. | 10,297,574 | 737 | |
| 1 | IMAX China Holding Inc. | 830,321 | 729 |
| *,1 | Fosun Tourism Group | 1,540,200 | 701 |
| *,1,2 | Jacobio Pharmaceuticals Group Co. Ltd. | 2,918,512 | 605 |
| *,1,2 | Sirnaomics Ltd. | 544,587 | 586 |
| 2 | EC Healthcare | 3,003,207 | 504 |
| * | OCI International Holdings Ltd. | 6,170,519 | 487 |
| *,2 | Kingkey Financial International Holdings Ltd. | 27,348,529 | 245 |
| * | Esprit Holdings Ltd. | 15,284,718 | 223 |
| * | Apollo Future Mobility Group Ltd. | 1,970,761 | 128 |
| * | Renze Harvest International Ltd. | 6,372,121 | 85 |
| Texwinca Holdings Ltd. | 734,702 | 69 | |
| * | CMBC Capital Holdings Ltd. | 300,901 | 12 |
| * | Chinese Estates Holdings Ltd. | 71,717 | 9 |
| *,3 | Convoy Inc. | 62,200,399 | — |
| 3,086,263 | |||
| Ireland (0.2%) | |||
| Kingspan Group plc | 1,251,213 | 113,956 | |
| Kerry Group plc Class A | 1,258,839 | 107,865 | |
| Bank of Ireland Group plc | 8,760,966 | 89,406 | |
| AIB Group plc | 12,846,427 | 65,214 | |
| Glanbia plc (XDUB) | 1,463,681 | 28,871 | |
| Dalata Hotel Group plc | 1,804,791 | 8,773 | |
| *,3 | Irish Bank Resolution Corp. Ltd. | 257,065 | — |
| 414,085 | |||
| Israel (0.6%) | |||
| * | Nice Ltd. | 526,784 | 137,091 |
| * | Teva Pharmaceutical Industries Ltd. | 9,209,364 | 129,908 |
| Bank Leumi Le-Israel BM | 12,538,901 | 104,229 | |
| Bank Hapoalim BM | 11,056,360 | 103,614 | |
| Israel Discount Bank Ltd. Class A | 10,229,341 | 52,902 | |
| Mizrahi Tefahot Bank Ltd. | 1,130,722 | 42,390 | |
| Elbit Systems Ltd. | 202,122 | 42,213 | |
| * | Nova Ltd. | 236,969 | 41,888 |
| ICL Group Ltd. | 5,952,426 | 31,547 | |
| * | Tower Semiconductor Ltd. | 911,390 | 29,823 |
| Azrieli Group Ltd. | 301,514 | 21,756 | |
| Bezeq The Israeli Telecommunication Corp. Ltd. | 16,889,312 | 21,702 | |
| Shares | Market Value ($000) | ||
| * | Camtek Ltd. | 223,868 | 18,606 |
| First International Bank of Israel Ltd. | 430,333 | 17,906 | |
| * | Enlight Renewable Energy Ltd. | 957,336 | 16,011 |
| * | Shufersal Ltd. | 2,199,540 | 15,422 |
| Melisron Ltd. | 207,321 | 15,330 | |
| Phoenix Holdings Ltd. | 1,362,258 | 13,588 | |
| Mivne Real Estate KD Ltd. | 5,180,967 | 12,782 | |
| * | Big Shopping Centers Ltd. | 114,236 | 12,662 |
| * | Clal Insurance Enterprises Holdings Ltd. | 563,133 | 10,363 |
| Alony Hetz Properties & Investments Ltd. | 1,284,859 | 9,432 | |
| * | Harel Insurance Investments & Financial Services Ltd. | 934,235 | 8,982 |
| * | Airport City Ltd. | 553,490 | 8,873 |
| Paz Oil Co. Ltd. | 81,258 | 8,682 | |
| Amot Investments Ltd. | 1,798,017 | 8,511 | |
| Delek Group Ltd. | 64,218 | 8,405 | |
| * | Israel Corp. Ltd. | 30,197 | 8,224 |
| Energix-Renewable Energies Ltd. | 2,159,048 | 7,900 | |
| * | Perion Network Ltd. | 349,466 | 7,869 |
| * | Strauss Group Ltd. | 412,344 | 7,773 |
| Sapiens International Corp. NV | 248,442 | 7,772 | |
| Hilan Ltd. | 120,938 | 7,684 | |
| REIT 1 Ltd. | 1,578,672 | 6,833 | |
| * | Fattal Holdings 1998 Ltd. | 52,952 | 6,789 |
| * | Shapir Engineering and Industry Ltd. | 1,178,769 | 6,729 |
| Oil Refineries Ltd. | 19,797,254 | 6,570 | |
| * | Shikun & Binui Ltd. | 2,646,166 | 6,553 |
| Electra Ltd. | 14,845 | 6,400 | |
| Formula Systems 1985 Ltd. | 79,672 | 6,377 | |
| Isracard Ltd. | 1,556,945 | 6,347 | |
| FIBI Holdings Ltd. | 140,620 | 6,270 | |
| Matrix IT Ltd. | 264,072 | 5,820 | |
| Fox Wizel Ltd. | 57,491 | 5,373 | |
| Menora Mivtachim Holdings Ltd. | 194,870 | 5,235 | |
| * | OPC Energy Ltd. | 714,373 | 5,067 |
| * | Israel Canada T.R Ltd. | 1,258,116 | 5,010 |
| One Software Technologies Ltd. | 338,200 | 5,003 | |
| Migdal Insurance & Financial Holdings Ltd. | 3,377,723 | 4,666 | |
| * | Ashtrom Group Ltd. | 310,858 | 4,598 |
| * | Equital Ltd. | 142,932 | 4,548 |
| Kenon Holdings Ltd. | 168,434 | 4,411 | |
| Mega Or Holdings Ltd. | 158,861 | 4,242 | |
| Summit Real Estate Holdings Ltd. | 322,469 | 4,085 | |
| Sella Capital Real Estate Ltd. | 1,748,986 | 3,757 | |
| * | Partner Communications Co. Ltd. | 849,749 | 3,702 |
| Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 60,758 | 3,651 | |
| Maytronics Ltd. | 354,998 | 3,533 | |
| Danel Adir Yeoshua Ltd. | 39,737 | 3,395 | |
| Delta Galil Ltd. | 73,913 | 3,252 | |
| * | Cellcom Israel Ltd. | 730,759 | 3,137 |
| AudioCodes Ltd. | 205,002 | 2,701 | |
| Elco Ltd. | 74,858 | 2,631 | |
| * | G City Ltd. | 788,317 | 2,444 |
| Delek Automotive Systems Ltd. | 380,565 | 2,315 | |
| * | AFI Properties Ltd. | 45,562 | 2,097 |
| Ashdod Refinery Ltd. | 78,560 | 1,870 | |
| Gav-Yam Lands Corp. Ltd. | 234,429 | 1,786 | |
| * | Kamada Ltd. | 312,393 | 1,767 |
| Shares | Market Value ($000) | ||
| IDI Insurance Co. Ltd. | 56,572 | 1,653 | |
| 1,152,457 | |||
| Italy (2.5%) | |||
| UniCredit SpA | 13,734,256 | 521,617 | |
| Stellantis NV | 17,651,348 | 501,458 | |
| Intesa Sanpaolo SpA | 133,526,115 | 484,771 | |
| Ferrari NV | 978,642 | 426,723 | |
| Enel SpA | 64,236,762 | 424,059 | |
| Eni SpA | 17,440,487 | 276,153 | |
| Assicurazioni Generali SpA | 10,281,572 | 260,262 | |
| Moncler SpA | 1,690,121 | 126,118 | |
| Prysmian SpA | 2,256,371 | 117,679 | |
| Terna - Rete Elettrica Nazionale | 11,642,955 | 96,237 | |
| Snam SpA | 18,826,955 | 88,895 | |
| Leonardo SpA | 3,308,394 | 83,119 | |
| Mediobanca Banca di Credito Finanziario SpA | 5,321,978 | 79,305 | |
| FinecoBank Banca Fineco SpA | 5,052,340 | 75,668 | |
| Banco BPM SpA | 11,327,076 | 75,362 | |
| Tenaris SA | 3,803,084 | 75,192 | |
| 1 | Poste Italiane SpA | 3,747,155 | 46,930 |
| Recordati Industria Chimica e Farmaceutica SpA | 803,481 | 44,366 | |
| *,1 | Nexi SpA | 6,834,742 | 43,304 |
| BPER Banca | 8,773,201 | 41,483 | |
| Davide Campari-Milano NV | 3,938,712 | 39,584 | |
| Amplifon SpA | 1,067,365 | 38,908 | |
| 1 | Infrastrutture Wireless Italiane SpA | 2,935,865 | 33,316 |
| Brunello Cucinelli SpA | 281,395 | 32,160 | |
| Interpump Group SpA | 658,339 | 32,085 | |
| * | Banca Monte dei Paschi di Siena SpA | 7,010,976 | 31,797 |
| Unipol Gruppo SpA | 3,547,336 | 29,726 | |
| Buzzi SpA | 710,970 | 27,922 | |
| Reply SpA | 188,135 | 26,623 | |
| 1 | Pirelli & C SpA | 4,042,781 | 24,754 |
| Azimut Holding SpA | 883,882 | 24,029 | |
| * | Iveco Group NV | 1,597,282 | 23,795 |
| Italgas SpA | 4,061,555 | 23,662 | |
| A2A SpA | 12,720,174 | 22,947 | |
| Hera SpA | 6,364,384 | 22,426 | |
| Banca Popolare di Sondrio SpA | 2,993,318 | 22,401 | |
| Banca Mediolanum SpA | 2,000,948 | 21,992 | |
| *,2 | Telecom Italia SpA (MTAA) | 89,059,786 | 21,620 |
| * | Saipem SpA | 8,787,527 | 21,466 |
| De' Longhi SpA | 570,030 | 19,713 | |
| 1 | BFF Bank SpA | 1,449,582 | 19,407 |
| Banca Generali SpA | 448,993 | 17,841 | |
| DiaSorin SpA | 175,559 | 16,942 | |
| Brembo SpA | 1,204,086 | 15,408 | |
| ERG SpA | 453,587 | 11,388 | |
| 1 | Technogym SpA | 1,113,691 | 11,050 |
| Iren SpA | 5,328,731 | 10,901 | |
| * | Technoprobe SpA | 1,199,135 | 10,886 |
| SOL SpA | 297,297 | 10,649 | |
| Maire Tecnimont SpA | 1,320,070 | 10,353 | |
| UnipolSai Assicurazioni SpA | 3,475,647 | 10,069 | |
| Saras SpA | 5,013,357 | 9,583 | |
| Tamburi Investment Partners SpA | 846,393 | 9,086 | |
| 1 | Carel Industries SpA | 408,662 | 8,973 |
| 1 | Enav SpA | 2,128,844 | 8,904 |
| Shares | Market Value ($000) | ||
| * | Lottomatica Group SpA | 728,985 | 8,739 |
| 1 | Anima Holding SpA | 1,758,466 | 8,359 |
| Sesa SpA | 59,631 | 6,593 | |
| Webuild SpA (MTAA) | 2,647,106 | 6,403 | |
| Credito Emiliano SpA | 632,893 | 6,333 | |
| Salvatore Ferragamo SpA | 520,251 | 6,330 | |
| ACEA SpA | 349,989 | 6,203 | |
| MFE-MediaForEurope NV Class A | 2,147,169 | 5,575 | |
| El.En. SpA | 414,863 | 5,244 | |
| Gruppo MutuiOnline SpA | 129,031 | 5,210 | |
| Sanlorenzo SpA | 110,552 | 5,032 | |
| Ariston Holding NV | 829,378 | 4,660 | |
| Salcef Group SpA | 177,007 | 4,370 | |
| Piaggio & C SpA | 1,357,885 | 4,294 | |
| Italmobiliare SpA | 113,727 | 4,245 | |
| 1 | RAI Way SpA | 754,177 | 4,227 |
| Cementir Holding NV | 360,165 | 4,077 | |
| *,1 | GVS SpA | 572,233 | 3,734 |
| Banca IFIS SpA | 186,827 | 3,660 | |
| * | Tod's SpA | 70,552 | 3,272 |
| 2 | Danieli & C Officine Meccaniche SpA (MTAA) | 89,621 | 3,182 |
| 2 | Tinexta SpA | 149,401 | 3,062 |
| *,2 | Juventus Football Club SpA | 1,137,881 | 2,784 |
| *,2 | Fincantieri SpA | 3,772,544 | 2,769 |
| Arnoldo Mondadori Editore SpA | 966,191 | 2,426 | |
| MARR SpA | 180,958 | 2,299 | |
| Zignago Vetro SpA | 150,650 | 2,155 | |
| Biesse SpA | 101,247 | 1,354 | |
| Alerion Cleanpower SpA | 46,878 | 965 | |
| Datalogic SpA | 134,038 | 830 | |
| Rizzoli Corriere Della Sera Mediagroup SpA | 899,703 | 766 | |
| 4,740,219 | |||
| Japan (21.8%) | |||
| Toyota Motor Corp. | 98,800,278 | 2,497,172 | |
| Tokyo Electron Ltd. | 3,631,281 | 945,764 | |
| Mitsubishi UFJ Financial Group Inc. | 92,042,078 | 936,445 | |
| Sony Group Corp. | 10,201,248 | 874,764 | |
| Keyence Corp. | 1,610,845 | 747,852 | |
| Mitsubishi Corp. | 31,293,654 | 723,234 | |
| Shin-Etsu Chemical Co. Ltd. | 15,770,020 | 691,703 | |
| Hitachi Ltd. | 7,319,137 | 668,826 | |
| Sumitomo Mitsui Financial Group Inc. | 10,367,498 | 606,216 | |
| Mitsui & Co. Ltd. | 12,043,565 | 563,055 | |
| Recruit Holdings Co. Ltd. | 11,789,207 | 517,626 | |
| Daiichi Sankyo Co. Ltd. | 15,546,009 | 494,656 | |
| Honda Motor Co. Ltd. | 39,676,330 | 490,942 | |
| Tokio Marine Holdings Inc. | 15,327,261 | 480,452 | |
| SoftBank Group Corp. | 8,008,056 | 475,561 | |
| ITOCHU Corp. | 10,958,819 | 470,786 | |
| Nintendo Co. Ltd. | 8,615,590 | 470,106 | |
| Mizuho Financial Group Inc. | 20,977,478 | 414,836 | |
| Fast Retailing Co. Ltd. | 1,274,932 | 395,007 | |
| KDDI Corp. | 12,780,313 | 377,872 | |
| Hoya Corp. | 2,828,428 | 353,754 | |
| Takeda Pharmaceutical Co. Ltd. | 12,579,032 | 349,872 | |
| Denso Corp. | 16,969,160 | 324,988 | |
| Daikin Industries Ltd. | 2,192,965 | 299,429 | |
| Softbank Corp. | 22,728,091 | 292,623 | |
| Shares | Market Value ($000) | ||
| Oriental Land Co. Ltd. | 8,926,690 | 285,973 | |
| Seven & i Holdings Co. Ltd. | 19,093,054 | 278,298 | |
| Nippon Telegraph & Telephone Corp. | 232,043,875 | 276,388 | |
| Advantest Corp. | 6,091,684 | 270,610 | |
| Mitsubishi Electric Corp. | 16,069,914 | 268,993 | |
| Japan Tobacco Inc. | 9,801,596 | 261,329 | |
| Murata Manufacturing Co. Ltd. | 13,910,515 | 260,160 | |
| SMC Corp. | 460,012 | 259,520 | |
| Disco Corp. | 690,369 | 252,353 | |
| Mitsui Fudosan Co. Ltd. | 22,144,095 | 238,746 | |
| Fujitsu Ltd. | 14,702,790 | 235,303 | |
| Marubeni Corp. | 13,470,403 | 233,303 | |
| Canon Inc. | 7,770,647 | 231,527 | |
| Komatsu Ltd. | 7,573,243 | 224,098 | |
| FANUC Corp. | 7,888,290 | 220,055 | |
| Sumitomo Corp. | 9,055,378 | 218,125 | |
| Terumo Corp. | 11,842,272 | 216,698 | |
| Mitsubishi Heavy Industries Ltd. | 23,631,590 | 214,181 | |
| Renesas Electronics Corp. | 11,980,787 | 213,505 | |
| ORIX Corp. | 9,609,588 | 210,178 | |
| Chugai Pharmaceutical Co. Ltd. | 5,377,752 | 205,513 | |
| Bridgestone Corp. | 4,635,930 | 205,463 | |
| Lasertec Corp. | 709,461 | 202,218 | |
| FUJIFILM Holdings Corp. | 8,788,446 | 197,341 | |
| MS&AD Insurance Group Holdings Inc. | 11,040,192 | 194,943 | |
| Dai-ichi Life Holdings Inc. | 7,635,650 | 194,744 | |
| Central Japan Railway Co. | 7,489,130 | 185,995 | |
| Nidec Corp. | 4,276,826 | 177,357 | |
| East Japan Railway Co. | 8,943,321 | 171,579 | |
| Suzuki Motor Corp. | 14,957,836 | 170,778 | |
| Panasonic Holdings Corp. | 17,631,104 | 168,267 | |
| Otsuka Holdings Co. Ltd. | 3,968,601 | 164,849 | |
| Mitsubishi Estate Co. Ltd. | 8,957,216 | 163,433 | |
| 2 | Nippon Steel Corp. | 6,748,601 | 162,402 |
| Astellas Pharma Inc. | 14,873,738 | 159,785 | |
| Sompo Holdings Inc. | 7,573,263 | 158,736 | |
| Nomura Holdings Inc. | 24,748,424 | 158,403 | |
| NEC Corp. | 2,119,722 | 154,751 | |
| Daiwa House Industry Co. Ltd. | 4,982,819 | 148,316 | |
| Japan Post Holdings Co. Ltd. | 14,574,730 | 146,842 | |
| TDK Corp. | 2,974,070 | 146,051 | |
| Ajinomoto Co. Inc. | 3,779,951 | 141,157 | |
| Kao Corp. | 3,752,743 | 140,233 | |
| Aeon Co. Ltd. | 5,872,198 | 139,300 | |
| Toyota Industries Corp. | 1,321,943 | 138,316 | |
| Asahi Group Holdings Ltd. | 3,747,415 | 137,605 | |
| Olympus Corp. | 9,296,877 | 133,859 | |
| Kyocera Corp. | 9,902,912 | 132,809 | |
| Japan Post Bank Co. Ltd. | 11,951,429 | 128,422 | |
| Kubota Corp. | 8,076,950 | 126,725 | |
| Toyota Tsusho Corp. | 1,840,013 | 126,355 | |
| Sumitomo Mitsui Trust Holdings Inc. | 5,855,960 | 126,176 | |
| Secom Co. Ltd. | 1,696,502 | 123,086 | |
| Sumitomo Realty & Development Co. Ltd. | 3,263,388 | 121,592 | |
| Japan Exchange Group Inc. | 4,317,852 | 116,951 | |
| Subaru Corp. | 4,980,179 | 112,790 | |
| Resona Holdings Inc. | 18,209,117 | 112,249 | |
| ENEOS Holdings Inc. | 23,205,524 | 111,801 |
| Shares | Market Value ($000) | ||
| Inpex Corp. | 7,060,963 | 107,335 | |
| Nitto Denko Corp. | 1,167,024 | 106,715 | |
| Shionogi & Co. Ltd. | 2,031,197 | 103,798 | |
| Sekisui House Ltd. | 4,529,082 | 103,162 | |
| Nippon Yusen KK | 3,705,899 | 101,742 | |
| Unicharm Corp. | 3,190,162 | 101,563 | |
| Nomura Research Institute Ltd. | 3,441,337 | 97,213 | |
| Kikkoman Corp. | 7,524,000 | 96,567 | |
| Sumitomo Electric Industries Ltd. | 6,220,639 | 96,391 | |
| Shimano Inc. | 629,862 | 93,701 | |
| Nitori Holdings Co. Ltd. | 618,137 | 93,680 | |
| Yaskawa Electric Corp. | 2,131,009 | 90,727 | |
| Eisai Co. Ltd. | 2,187,162 | 90,087 | |
| Bandai Namco Holdings Inc. | 4,840,246 | 89,811 | |
| 2 | Daiwa Securities Group Inc. | 11,594,016 | 88,211 |
| Shiseido Co. Ltd. | 3,211,402 | 88,122 | |
| Pan Pacific International Holdings Corp. | 3,307,438 | 87,653 | |
| Kansai Electric Power Co. Inc. | 6,001,599 | 85,636 | |
| Kirin Holdings Co. Ltd. | 6,128,100 | 85,219 | |
| SCREEN Holdings Co. Ltd. | 655,244 | 84,956 | |
| Sysmex Corp. | 4,707,870 | 84,011 | |
| Mitsui OSK Lines Ltd. | 2,751,310 | 83,933 | |
| Obic Co. Ltd. | 550,821 | 83,202 | |
| NTT Data Group Corp. | 5,202,392 | 82,707 | |
| JFE Holdings Inc. | 4,867,411 | 80,671 | |
| West Japan Railway Co. | 3,814,310 | 79,491 | |
| * | Tokyo Electric Power Co. Holdings Inc. | 12,846,957 | 78,085 |
| Chubu Electric Power Co. Inc. | 5,776,881 | 75,539 | |
| Asahi Kasei Corp. | 10,210,608 | 74,877 | |
| Osaka Gas Co. Ltd. | 3,257,476 | 73,280 | |
| Kajima Corp. | 3,500,769 | 71,852 | |
| T&D Holdings Inc. | 4,108,334 | 71,420 | |
| Fuji Electric Co. Ltd. | 1,035,511 | 69,487 | |
| Tokyo Gas Co. Ltd. | 3,029,578 | 68,871 | |
| Ebara Corp. | 754,040 | 68,625 | |
| Yamaha Motor Co. Ltd. | 7,355,709 | 67,758 | |
| Asics Corp. | 1,408,140 | 66,660 | |
| MINEBEA MITSUMI Inc. | 3,381,298 | 66,324 | |
| Obayashi Corp. | 5,558,734 | 66,096 | |
| * | Rakuten Group Inc. | 11,477,610 | 65,148 |
| Mitsubishi Chemical Group Corp. | 10,540,594 | 64,237 | |
| Isuzu Motors Ltd. | 4,748,255 | 64,184 | |
| 2 | Nissan Motor Co. Ltd. | 15,972,529 | 63,291 |
| Idemitsu Kosan Co. Ltd. | 9,173,525 | 62,895 | |
| Shimadzu Corp. | 2,217,854 | 61,776 | |
| Dai Nippon Printing Co. Ltd. | 1,973,129 | 60,428 | |
| Nippon Paint Holdings Co. Ltd. | 8,387,081 | 60,363 | |
| Toray Industries Inc. | 12,530,607 | 60,170 | |
| Tokyu Corp. | 4,896,457 | 59,623 | |
| Sumitomo Metal Mining Co. Ltd. | 1,957,695 | 58,457 | |
| Aisin Corp. | 1,428,747 | 58,383 | |
| Makita Corp. | 2,017,137 | 57,328 | |
| Daifuku Co. Ltd. | 2,347,263 | 56,263 | |
| Ono Pharmaceutical Co. Ltd. | 3,389,506 | 55,537 | |
| Capcom Co. Ltd. | 2,927,834 | 54,850 | |
| LY Corp. | 21,571,210 | 54,639 | |
| Mazda Motor Corp. | 4,709,128 | 54,577 | |
| TOPPAN Holdings Inc. | 2,174,072 | 54,497 |
| Shares | Market Value ($000) | ||
| Daito Trust Construction Co. Ltd. | 474,750 | 54,161 | |
| Omron Corp. | 1,500,425 | 53,726 | |
| Konami Group Corp. | 783,947 | 53,402 | |
| SBI Holdings Inc. | 2,018,406 | 52,943 | |
| AGC Inc. | 1,456,473 | 52,844 | |
| Hankyu Hanshin Holdings Inc. | 1,795,741 | 51,522 | |
| Taisei Corp. | 1,408,561 | 51,341 | |
| Nippon Building Fund Inc. | 12,598 | 50,393 | |
| M3 Inc. | 3,478,307 | 50,057 | |
| Yakult Honsha Co. Ltd. | 2,403,850 | 49,131 | |
| Sojitz Corp. | 1,827,022 | 48,195 | |
| MatsukiyoCocokara & Co. | 3,000,173 | 48,173 | |
| Niterra Co. Ltd. | 1,446,476 | 48,023 | |
| Nexon Co. Ltd. | 2,868,715 | 47,682 | |
| Trend Micro Inc. | 933,292 | 47,399 | |
| Dentsu Group Inc. | 1,704,492 | 47,328 | |
| Sekisui Chemical Co. Ltd. | 3,232,735 | 47,297 | |
| Nippon Sanso Holdings Corp. | 1,493,401 | 46,857 | |
| Isetan Mitsukoshi Holdings Ltd. | 2,882,740 | 46,787 | |
| 2 | Kawasaki Kisen Kaisha Ltd. | 3,473,814 | 46,713 |
| Mitsubishi HC Capital Inc. (XTKS) | 6,675,641 | 46,560 | |
| MEIJI Holdings Co. Ltd. | 2,127,074 | 46,440 | |
| Keisei Electric Railway Co. Ltd. | 1,139,958 | 46,357 | |
| Nissin Foods Holdings Co. Ltd. | 1,665,637 | 45,918 | |
| Chiba Bank Ltd. | 5,500,514 | 45,771 | |
| Toyo Suisan Kaisha Ltd. | 745,237 | 45,568 | |
| Yokogawa Electric Corp. | 1,955,689 | 45,038 | |
| Concordia Financial Group Ltd. | 8,943,235 | 44,951 | |
| SG Holdings Co. Ltd. | 3,471,271 | 43,960 | |
| SUMCO Corp. | 2,768,721 | 43,776 | |
| Kintetsu Group Holdings Co. Ltd. | 1,480,610 | 43,125 | |
| Rohm Co. Ltd. | 2,665,980 | 42,759 | |
| Kyoto Financial Group Inc. | 2,347,060 | 42,357 | |
| Ricoh Co. Ltd. | 4,715,806 | 41,899 | |
| Tobu Railway Co. Ltd. | 1,660,727 | 41,526 | |
| 2 | JSR Corp. | 1,440,350 | 41,227 |
| Mitsui Chemicals Inc. | 1,400,584 | 41,087 | |
| Nissan Chemical Corp. | 1,072,202 | 40,611 | |
| TIS Inc. | 1,878,003 | 40,294 | |
| Socionext Inc. | 1,468,890 | 40,123 | |
| Tokyu Fudosan Holdings Corp. | 4,946,997 | 39,969 | |
| Ibiden Co. Ltd. | 887,483 | 39,747 | |
| Kawasaki Heavy Industries Ltd. | 1,209,107 | 39,728 | |
| Japan Real Estate Investment Corp. | 11,026 | 39,306 | |
| Hikari Tsushin Inc. | 203,979 | 38,363 | |
| Shizuoka Financial Group Inc. | 4,026,163 | 38,311 | |
| Kurita Water Industries Ltd. | 904,684 | 37,508 | |
| Seiko Epson Corp. | 2,141,185 | 37,455 | |
| Hamamatsu Photonics KK | 1,050,297 | 37,030 | |
| Kyowa Kirin Co. Ltd. | 2,056,901 | 37,006 | |
| Kobe Steel Ltd. | 2,721,654 | 36,933 | |
| Nomura Real Estate Master Fund Inc. | 37,034 | 36,621 | |
| Sumitomo Forestry Co. Ltd. | 1,153,621 | 36,383 | |
| Nippon Prologis REIT Inc. | 20,370 | 36,287 | |
| KDX Realty Investment Corp. | 34,115 | 36,261 | |
| Odakyu Electric Railway Co. Ltd. | 2,613,381 | 36,025 | |
| Otsuka Corp. | 1,693,478 | 35,933 | |
| Brother Industries Ltd. | 1,921,080 | 35,629 |
| Shares | Market Value ($000) | ||
| Fukuoka Financial Group Inc. | 1,322,042 | 35,292 | |
| Japan Metropolitan Fund Investment | 56,621 | 35,280 | |
| Hulic Co. Ltd. | 3,408,502 | 35,006 | |
| Suntory Beverage & Food Ltd. | 1,034,017 | 34,976 | |
| Resonac Holdings Corp. | 1,473,068 | 34,315 | |
| Kyushu Electric Power Co. Inc. | 3,820,489 | 34,310 | |
| Hoshizaki Corp. | 931,825 | 33,999 | |
| Cosmo Energy Holdings Co. Ltd. | 672,723 | 33,784 | |
| 2 | TOTO Ltd. | 1,194,525 | 33,489 |
| Horiba Ltd. | 318,035 | 33,041 | |
| Fujikura Ltd. | 2,188,166 | 32,341 | |
| Yamato Holdings Co. Ltd. | 2,244,481 | 32,304 | |
| GLP J-Reit | 38,348 | 32,136 | |
| Ryohin Keikaku Co. Ltd. | 1,952,481 | 31,953 | |
| McDonald's Holdings Co. Japan Ltd. | 709,400 | 31,900 | |
| MISUMI Group Inc. | 2,275,450 | 31,699 | |
| Amada Co. Ltd. | 2,763,857 | 31,652 | |
| Daiwa House REIT Investment Corp. | 18,439 | 31,542 | |
| Tosoh Corp. | 2,303,011 | 31,295 | |
| Rohto Pharmaceutical Co. Ltd. | 1,598,314 | 31,055 | |
| Zensho Holdings Co. Ltd. | 735,056 | 30,567 | |
| Tohoku Electric Power Co. Inc. | 3,886,958 | 30,466 | |
| Oji Holdings Corp. | 7,299,081 | 30,301 | |
| Toho Co. Ltd. | 907,471 | 30,133 | |
| Shimizu Corp. | 4,664,131 | 30,120 | |
| Sanrio Co. Ltd. | 1,560,066 | 30,022 | |
| Japan Post Insurance Co. Ltd. | 1,560,422 | 29,828 | |
| Kuraray Co. Ltd. | 2,760,770 | 29,572 | |
| Sumitomo Heavy Industries Ltd. | 932,908 | 29,377 | |
| Yokohama Rubber Co. Ltd. | 1,086,419 | 29,304 | |
| Nisshin Seifun Group Inc. | 2,114,219 | 29,130 | |
| Skylark Holdings Co. Ltd. | 1,814,278 | 28,749 | |
| Kobe Bussan Co. Ltd. | 1,162,074 | 28,475 | |
| Azbil Corp. | 1,022,908 | 28,300 | |
| 2 | IHI Corp. | 1,057,890 | 28,279 |
| Asahi Intecc Co. Ltd. | 1,611,695 | 28,237 | |
| NIPPON EXPRESS HOLDINGS Inc. | 552,097 | 28,182 | |
| Sanwa Holdings Corp. | 1,606,031 | 28,081 | |
| USS Co. Ltd. | 3,337,062 | 27,588 | |
| Tokyo Tatemono Co. Ltd. | 1,631,532 | 27,558 | |
| Credit Saison Co. Ltd. | 1,333,853 | 27,513 | |
| Tokyo Ohka Kogyo Co. Ltd. | 899,547 | 27,284 | |
| NGK Insulators Ltd. | 2,024,987 | 27,229 | |
| NH Foods Ltd. | 812,222 | 27,196 | |
| ANA Holdings Inc. | 1,300,188 | 27,173 | |
| Lawson Inc. | 397,538 | 27,159 | |
| Kyushu Railway Co. | 1,189,377 | 27,142 | |
| Sumitomo Chemical Co. Ltd. | 12,498,911 | 27,081 | |
| 2 | Yamaha Corp. | 1,247,818 | 26,934 |
| Seibu Holdings Inc. | 1,711,152 | 26,746 | |
| Lixil Corp. | 2,145,168 | 26,438 | |
| Hitachi Construction Machinery Co. Ltd. | 873,518 | 26,355 | |
| Haseko Corp. | 2,115,462 | 26,178 | |
| Keio Corp. | 952,727 | 26,087 | |
| Mebuki Financial Group Inc. | 7,872,631 | 25,867 | |
| Ulvac Inc. | 397,438 | 25,572 | |
| Yamazaki Baking Co. Ltd. | 987,655 | 25,513 | |
| Mitsubishi Gas Chemical Co. Inc. | 1,520,410 | 25,505 |
| Shares | Market Value ($000) | ||
| Nikon Corp. | 2,514,798 | 25,456 | |
| Nomura Real Estate Holdings Inc. | 890,117 | 25,147 | |
| CyberAgent Inc. | 3,445,937 | 25,061 | |
| Invincible Investment Corp. | 55,667 | 25,004 | |
| United Urban Investment Corp. | 24,317 | 24,738 | |
| 2 | Hirose Electric Co. Ltd. | 240,704 | 24,735 |
| NOF Corp. | 1,805,103 | 24,721 | |
| Square Enix Holdings Co. Ltd. | 640,614 | 24,706 | |
| Advance Residence Investment Corp. | 11,004 | 24,365 | |
| Koito Manufacturing Co. Ltd. | 1,807,474 | 24,364 | |
| Santen Pharmaceutical Co. Ltd. | 2,470,602 | 24,297 | |
| Medipal Holdings Corp. | 1,575,856 | 24,116 | |
| Hachijuni Bank Ltd. | 3,562,949 | 24,056 | |
| Marui Group Co. Ltd. | 1,500,528 | 24,051 | |
| 2 | Taiyo Yuden Co. Ltd. | 1,011,948 | 23,957 |
| Tokyo Seimitsu Co. Ltd. | 307,699 | 23,904 | |
| Orix JREIT Inc. | 21,673 | 23,584 | |
| THK Co. Ltd. | 989,786 | 23,271 | |
| MonotaRO Co. Ltd. | 1,926,115 | 23,185 | |
| Air Water Inc. | 1,470,295 | 23,005 | |
| Nichirei Corp. | 852,640 | 22,932 | |
| Japan Airlines Co. Ltd. | 1,203,948 | 22,860 | |
| 2 | J Front Retailing Co. Ltd. | 2,038,908 | 22,650 |
| Iwatani Corp. | 418,682 | 22,581 | |
| DMG Mori Co. Ltd. | 852,381 | 22,534 | |
| Nagoya Railroad Co. Ltd. | 1,610,432 | 22,532 | |
| Kyushu Financial Group Inc. | 3,029,728 | 22,375 | |
| Japan Airport Terminal Co. Ltd. | 565,996 | 22,366 | |
| ZOZO Inc. | 900,829 | 22,358 | |
| Electric Power Development Co. Ltd. | 1,357,123 | 22,280 | |
| SCSK Corp. | 1,190,408 | 22,127 | |
| Kansai Paint Co. Ltd. | 1,533,673 | 21,967 | |
| GMO Payment Gateway Inc. | 337,650 | 21,868 | |
| BayCurrent Consulting Inc. | 1,112,076 | 21,859 | |
| Taiheiyo Cement Corp. | 936,503 | 21,569 | |
| Tsuruha Holdings Inc. | 302,254 | 21,568 | |
| Tokyo Century Corp. | 2,050,096 | 21,351 | |
| COMSYS Holdings Corp. | 884,144 | 20,719 | |
| Shimamura Co. Ltd. | 361,596 | 20,615 | |
| Sapporo Holdings Ltd. | 516,899 | 20,614 | |
| Oracle Corp. Japan | 268,970 | 20,227 | |
| Shinko Electric Industries Co. Ltd. | 541,659 | 20,219 | |
| Japan Hotel REIT Investment Corp. | 38,414 | 20,143 | |
| Persol Holdings Co. Ltd. | 14,356,470 | 20,081 | |
| Toyo Seikan Group Holdings Ltd. | 1,264,842 | 19,914 | |
| NSK Ltd. | 3,465,079 | 19,772 | |
| Daicel Corp. | 1,980,799 | 19,553 | |
| Rinnai Corp. | 844,281 | 19,380 | |
| Suzuken Co. Ltd. | 633,556 | 19,314 | |
| Mitsubishi Materials Corp. | 1,027,011 | 19,313 | |
| Open House Group Co. Ltd. | 584,737 | 18,912 | |
| Chugoku Electric Power Co. Inc. | 2,498,181 | 18,834 | |
| Keikyu Corp. | 2,045,564 | 18,810 | |
| Macnica Holdings Inc. | 379,933 | 18,624 | |
| Goldwin Inc. | 291,826 | 18,581 | |
| Alfresa Holdings Corp. | 1,272,040 | 18,485 | |
| Nankai Electric Railway Co. Ltd. | 899,065 | 18,468 | |
| Sumitomo Rubber Industries Ltd. | 1,495,258 | 18,433 |
| Shares | Market Value ($000) | ||
| Lion Corp. | 2,031,654 | 18,162 | |
| Sekisui House REIT Inc. | 33,792 | 18,126 | |
| Keihan Holdings Co. Ltd. | 806,829 | 17,900 | |
| TechnoPro Holdings Inc. | 891,630 | 17,858 | |
| JTEKT Corp. | 1,871,831 | 17,704 | |
| Takashimaya Co. Ltd. | 1,106,037 | 17,660 | |
| Kinden Corp. | 1,011,872 | 17,636 | |
| Hakuhodo DY Holdings Inc. | 1,945,029 | 17,532 | |
| Industrial & Infrastructure Fund Investment Corp. | 19,131 | 17,371 | |
| Stanley Electric Co. Ltd. | 975,401 | 17,268 | |
| EXEO Group Inc. | 1,618,688 | 17,200 | |
| ADEKA Corp. | 810,240 | 17,108 | |
| JGC Holdings Corp. | 1,741,157 | 17,072 | |
| 2 | Mitsubishi Motors Corp. | 5,177,447 | 17,025 |
| Iyogin Holdings Inc. | 2,192,660 | 16,966 | |
| Nifco Inc. | 674,167 | 16,964 | |
| Coca-Cola Bottlers Japan Holdings Inc. | 1,150,120 | 16,963 | |
| Sundrug Co. Ltd. | 544,537 | 16,905 | |
| Mitsubishi Logistics Corp. | 520,676 | 16,856 | |
| Nippon Accommodations Fund Inc. | 3,880 | 16,745 | |
| Daido Steel Co. Ltd. | 1,440,355 | 16,691 | |
| Japan Prime Realty Investment Corp. | 7,498 | 16,631 | |
| Kamigumi Co. Ltd. | 752,105 | 16,575 | |
| Internet Initiative Japan Inc. | 886,724 | 16,557 | |
| Gunma Bank Ltd. | 2,914,297 | 16,546 | |
| * | Money Forward Inc. | 370,623 | 16,533 |
| Activia Properties Inc. | 6,047 | 16,443 | |
| Yamaguchi Financial Group Inc. | 1,616,810 | 16,424 | |
| Nippon Electric Glass Co. Ltd. | 640,970 | 16,372 | |
| Hirogin Holdings Inc. | 2,279,392 | 16,360 | |
| Dexerials Corp. | 373,647 | 16,287 | |
| Sankyo Co. Ltd. | 1,476,570 | 16,130 | |
| Toho Gas Co. Ltd. | 727,953 | 16,117 | |
| Nihon Kohden Corp. | 605,003 | 16,065 | |
| Food & Life Cos. Ltd. | 836,989 | 16,063 | |
| Kewpie Corp. | 863,171 | 16,004 | |
| Toyo Tire Corp. | 839,267 | 15,859 | |
| Sumitomo Bakelite Co. Ltd. | 525,754 | 15,844 | |
| Sega Sammy Holdings Inc. | 1,276,619 | 15,769 | |
| BIPROGY Inc. | 530,378 | 15,763 | |
| LaSalle Logiport REIT | 15,372 | 15,751 | |
| Nabtesco Corp. | 936,022 | 15,692 | |
| SHO-BOND Holdings Co. Ltd. | 373,234 | 15,690 | |
| Yamato Kogyo Co. Ltd. | 274,854 | 15,634 | |
| 2 | Aozora Bank Ltd. | 963,500 | 15,609 |
| 77 Bank Ltd. | 583,944 | 15,575 | |
| Kobayashi Pharmaceutical Co. Ltd. | 479,504 | 15,559 | |
| 2 | Fujitec Co. Ltd. | 618,834 | 15,398 |
| Takasago Thermal Engineering Co. Ltd. | 480,701 | 15,302 | |
| Miura Co. Ltd. | 785,864 | 15,230 | |
| GS Yuasa Corp. | 729,895 | 15,212 | |
| Kagome Co. Ltd. | 626,346 | 15,183 | |
| INFRONEER Holdings Inc. | 1,580,591 | 15,170 | |
| Nissui Corp. | 2,385,901 | 14,959 | |
| Kose Corp. | 277,246 | 14,857 | |
| Sohgo Security Services Co. Ltd. | 2,725,835 | 14,801 | |
| Zenkoku Hosho Co. Ltd. | 413,043 | 14,797 | |
| 2 | Iida Group Holdings Co. Ltd. | 1,142,738 | 14,789 |
| Shares | Market Value ($000) | ||
| Mabuchi Motor Co. Ltd. | 810,168 | 14,779 | |
| Casio Computer Co. Ltd. | 1,709,466 | 14,764 | |
| Micronics Japan Co. Ltd. | 266,705 | 14,638 | |
| Sugi Holdings Co. Ltd. | 853,140 | 14,570 | |
| Nishi-Nippon Financial Holdings Inc. | 1,160,227 | 14,506 | |
| Nippon Gas Co. Ltd. | 861,111 | 14,503 | |
| Jeol Ltd. | 349,536 | 14,480 | |
| UBE Corp. | 808,574 | 14,404 | |
| Seino Holdings Co. Ltd. | 1,043,990 | 14,329 | |
| Sankyu Inc. | 414,806 | 14,277 | |
| * | SHIFT Inc. | 89,446 | 14,255 |
| * | Rakuten Bank Ltd. | 708,300 | 14,135 |
| Teijin Ltd. | 1,538,966 | 13,978 | |
| Mitsui Fudosan Logistics Park Inc. | 4,635 | 13,949 | |
| Maruwa Co. Ltd. | 66,629 | 13,943 | |
| Welcia Holdings Co. Ltd. | 816,584 | 13,885 | |
| Fuyo General Lease Co. Ltd. | 155,715 | 13,853 | |
| Mitsui Mining & Smelting Co. Ltd. | 450,720 | 13,814 | |
| 2 | Fuji Soft Inc. | 346,874 | 13,753 |
| 2 | Hokuetsu Corp. | 1,114,754 | 13,717 |
| Cosmos Pharmaceutical Corp. | 144,554 | 13,708 | |
| Nagase & Co. Ltd. | 815,189 | 13,701 | |
| Yamada Holdings Co. Ltd. | 4,717,100 | 13,665 | |
| Japan Logistics Fund Inc. | 7,452 | 13,577 | |
| Amano Corp. | 532,048 | 13,558 | |
| Tsumura & Co. | 542,042 | 13,494 | |
| Nihon M&A Center Holdings Inc. | 2,114,584 | 13,462 | |
| AEON REIT Investment Corp. | 14,584 | 13,394 | |
| Kyudenko Corp. | 322,301 | 13,371 | |
| Tomy Co. Ltd. | 721,704 | 13,180 | |
| Rengo Co. Ltd. | 1,726,570 | 13,162 | |
| Calbee Inc. | 580,521 | 13,085 | |
| Maruichi Steel Tube Ltd. | 489,127 | 13,060 | |
| 2 | Towa Corp. | 196,215 | 13,025 |
| Alps Alpine Co. Ltd. | 1,654,037 | 13,004 | |
| Dowa Holdings Co. Ltd. | 376,047 | 12,995 | |
| Toda Corp. | 1,923,610 | 12,869 | |
| DIC Corp. | 673,347 | 12,857 | |
| 2 | Hisamitsu Pharmaceutical Co. Inc. | 494,963 | 12,829 |
| Kadokawa Corp. | 728,644 | 12,803 | |
| 2 | Koei Tecmo Holdings Co. Ltd. | 1,197,348 | 12,760 |
| NHK Spring Co. Ltd. | 1,273,838 | 12,656 | |
| Sawai Group Holdings Co. Ltd. | 323,601 | 12,652 | |
| Hokuhoku Financial Group Inc. | 998,595 | 12,647 | |
| Kokuyo Co. Ltd. | 772,354 | 12,630 | |
| Nippon Shinyaku Co. Ltd. | 425,312 | 12,628 | |
| Mizuho Leasing Co. Ltd. | 1,706,200 | 12,576 | |
| * | Park24 Co. Ltd. | 1,057,242 | 12,485 |
| Frontier Real Estate Investment Corp. | 4,063 | 12,299 | |
| Daiwabo Holdings Co. Ltd. | 733,231 | 12,275 | |
| Kaneka Corp. | 492,944 | 12,266 | |
| Comforia Residential REIT Inc. | 5,668 | 12,252 | |
| Konica Minolta Inc. | 3,740,237 | 12,240 | |
| MEITEC Group Holdings Inc. | 632,749 | 12,234 | |
| ABC-Mart Inc. | 645,155 | 12,229 | |
| Fuji Corp. | 690,800 | 12,211 | |
| Nichias Corp. | 452,574 | 12,093 | |
| Morinaga Milk Industry Co. Ltd. | 589,750 | 12,065 |
| Shares | Market Value ($000) | ||
| Mori Hills REIT Investment Corp. | 13,228 | 12,041 | |
| * | Mercari Inc. | 941,530 | 12,035 |
| Hanwa Co. Ltd. | 306,322 | 11,955 | |
| Toyoda Gosei Co. Ltd. | 541,474 | 11,943 | |
| House Foods Group Inc. | 585,948 | 11,924 | |
| Hitachi Zosen Corp. | 1,360,745 | 11,892 | |
| Penta-Ocean Construction Co. Ltd. | 2,344,251 | 11,768 | |
| Yoshinoya Holdings Co. Ltd. | 527,351 | 11,760 | |
| 2 | Chugin Financial Group Inc. | 1,370,082 | 11,679 |
| Sotetsu Holdings Inc. | 649,425 | 11,605 | |
| Kanematsu Corp. | 677,806 | 11,569 | |
| Ezaki Glico Co. Ltd. | 411,916 | 11,498 | |
| Japan Steel Works Ltd. | 515,273 | 11,498 | |
| Ito En Ltd. | 467,912 | 11,445 | |
| Kakaku.com Inc. | 942,506 | 11,434 | |
| Nippon Kayaku Co. Ltd. | 1,332,298 | 11,429 | |
| OKUMA Corp. | 238,701 | 11,353 | |
| Takeuchi Manufacturing Co. Ltd. | 281,898 | 11,300 | |
| NET One Systems Co. Ltd. | 641,352 | 11,284 | |
| NOK Corp. | 820,318 | 11,273 | |
| Rorze Corp. | 79,472 | 11,227 | |
| 2 | Citizen Watch Co. Ltd. | 1,680,817 | 11,076 |
| Denka Co. Ltd. | 708,697 | 11,050 | |
| Daiwa Securities Living Investments Corp. | 15,893 | 11,042 | |
| NSD Co. Ltd. | 570,605 | 11,034 | |
| OBIC Business Consultants Co. Ltd. | 233,856 | 11,000 | |
| Toho Holdings Co. Ltd. | 459,035 | 10,909 | |
| Morinaga & Co. Ltd. | 635,204 | 10,903 | |
| Osaka Soda Co. Ltd. | 171,473 | 10,898 | |
| Fujimi Inc. | 474,905 | 10,897 | |
| Furukawa Electric Co. Ltd. | 514,937 | 10,870 | |
| Canon Marketing Japan Inc. | 368,038 | 10,843 | |
| Hulic REIT Inc. | 10,614 | 10,795 | |
| Japan Petroleum Exploration Co. Ltd. | 236,565 | 10,755 | |
| Yaoko Co. Ltd. | 178,678 | 10,744 | |
| Tokai Carbon Co. Ltd. | 1,618,214 | 10,723 | |
| Rakus Co. Ltd. | 789,165 | 10,707 | |
| Organo Corp. | 215,588 | 10,691 | |
| Mitsui High-Tec Inc. | 188,135 | 10,687 | |
| Harmonic Drive Systems Inc. | 397,308 | 10,587 | |
| Shiga Bank Ltd. | 378,311 | 10,458 | |
| Ushio Inc. | 816,180 | 10,436 | |
| 2 | Seven Bank Ltd. | 5,376,023 | 10,426 |
| Aica Kogyo Co. Ltd. | 423,775 | 10,368 | |
| 2 | Takara Holdings Inc. | 1,438,396 | 10,361 |
| OSG Corp. | 716,989 | 10,328 | |
| Tokuyama Corp. | 589,529 | 10,323 | |
| Nishi-Nippon Railroad Co. Ltd. | 628,460 | 10,252 | |
| Inaba Denki Sangyo Co. Ltd. | 441,408 | 10,243 | |
| Nippon Shokubai Co. Ltd. | 1,047,892 | 10,233 | |
| Daishi Hokuetsu Financial Group Inc. | 345,842 | 10,176 | |
| Mitsubishi Estate Logistics REIT Investment Corp. | 3,993 | 10,167 | |
| Taisho Pharmaceutical Holdings Co. Ltd. | 179,001 | 10,146 | |
| Zeon Corp. | 1,158,441 | 10,091 | |
| Bic Camera Inc. | 1,190,259 | 10,083 | |
| Daihen Corp. | 161,534 | 10,082 | |
| Sangetsu Corp. | 461,041 | 10,077 | |
| Mori Trust REIT Inc. | 20,832 | 10,040 |
| Shares | Market Value ($000) | ||
| TS Tech Co. Ltd. | 787,390 | 10,012 | |
| Hazama Ando Corp. | 1,285,401 | 10,011 | |
| K's Holdings Corp. | 1,158,343 | 9,961 | |
| San-In Godo Bank Ltd. | 1,261,412 | 9,903 | |
| Shikoku Electric Power Co. Inc. | 1,264,523 | 9,882 | |
| Toagosei Co. Ltd. | 941,596 | 9,866 | |
| Topcon Corp. | 852,923 | 9,860 | |
| Kotobuki Spirits Co. Ltd. | 779,345 | 9,797 | |
| Kandenko Co. Ltd. | 854,072 | 9,750 | |
| * | Sharp Corp. | 1,733,994 | 9,657 |
| CKD Corp. | 481,552 | 9,655 | |
| NTT UD REIT Investment Corp. | 11,793 | 9,611 | |
| 2 | Workman Co. Ltd. | 364,900 | 9,608 |
| 2 | Toridoll Holdings Corp. | 351,676 | 9,604 |
| 2 | Mitsui E&S Co. Ltd. | 757,569 | 9,564 |
| Japan Elevator Service Holdings Co. Ltd. | 582,457 | 9,511 | |
| Okumura Corp. | 283,677 | 9,423 | |
| NEC Networks & System Integration Corp. | 555,844 | 9,254 | |
| Resorttrust Inc. | 535,520 | 9,163 | |
| Nikkon Holdings Co. Ltd. | 473,578 | 9,140 | |
| Kyoritsu Maintenance Co. Ltd. | 398,188 | 9,117 | |
| Nakanishi Inc. | 578,102 | 9,072 | |
| Suruga Bank Ltd. | 1,530,804 | 8,918 | |
| Daiseki Co. Ltd. | 363,039 | 8,863 | |
| 2 | Aeon Mall Co. Ltd. | 750,841 | 8,853 |
| Nisshinbo Holdings Inc. | 1,098,891 | 8,833 | |
| AEON Financial Service Co. Ltd. | 967,249 | 8,819 | |
| Ship Healthcare Holdings Inc. | 638,045 | 8,813 | |
| Juroku Financial Group Inc. | 283,694 | 8,812 | |
| Daiwa Office Investment Corp. | 2,255 | 8,780 | |
| Anritsu Corp. | 1,082,128 | 8,759 | |
| Tsubakimoto Chain Co. | 259,286 | 8,735 | |
| Okasan Securities Group Inc. | 1,628,148 | 8,712 | |
| Japan Excellent Inc. | 10,072 | 8,655 | |
| Mirait One Corp. | 701,772 | 8,650 | |
| Toyota Boshoku Corp. | 502,595 | 8,565 | |
| 2 | Monex Group Inc. | 1,424,241 | 8,483 |
| Pigeon Corp. | 876,382 | 8,444 | |
| GMO internet group Inc. | 465,456 | 8,434 | |
| 2 | Nitto Boseki Co. Ltd. | 216,823 | 8,422 |
| 2 | Nomura Micro Science Co. Ltd. | 238,800 | 8,407 |
| H2O Retailing Corp. | 655,984 | 8,386 | |
| SKY Perfect JSAT Holdings Inc. | 1,228,876 | 8,377 | |
| NS Solutions Corp. | 255,340 | 8,332 | |
| 2 | Colowide Co. Ltd. | 586,344 | 8,327 |
| Okamura Corp. | 563,639 | 8,308 | |
| Daiichikosho Co. Ltd. | 654,686 | 8,289 | |
| Acom Co. Ltd. | 3,111,225 | 8,283 | |
| Nippon Soda Co. Ltd. | 206,775 | 8,279 | |
| Tadano Ltd. | 963,867 | 8,244 | |
| NIPPON REIT Investment Corp. | 3,514 | 8,240 | |
| Ain Holdings Inc. | 228,565 | 8,232 | |
| Lintec Corp. | 398,912 | 8,224 | |
| 2 | Toei Animation Co. Ltd. | 409,000 | 8,214 |
| Wacoal Holdings Corp. | 333,771 | 8,153 | |
| Kusuri no Aoki Holdings Co. Ltd. | 391,806 | 8,076 | |
| Seria Co. Ltd. | 408,352 | 8,072 | |
| Tokyu REIT Inc. | 7,521 | 8,002 |
| Shares | Market Value ($000) | ||
| Heiwa Real Estate REIT Inc. | 8,469 | 7,954 | |
| 2 | Fuji Kyuko Co. Ltd. | 307,158 | 7,943 |
| Hoshino Resorts REIT Inc. | 2,069 | 7,907 | |
| Hokkaido Electric Power Co. Inc. | 1,444,236 | 7,899 | |
| DTS Corp. | 302,002 | 7,894 | |
| Kureha Corp. | 431,412 | 7,780 | |
| Round One Corp. | 1,479,841 | 7,662 | |
| Fancl Corp. | 574,489 | 7,649 | |
| Arcs Co. Ltd. | 368,768 | 7,616 | |
| Jaccs Co. Ltd. | 209,323 | 7,604 | |
| Taikisha Ltd. | 242,324 | 7,571 | |
| * | M&A Research Institute Holdings Inc. | 169,213 | 7,556 |
| ARE Holdings Inc. | 594,326 | 7,550 | |
| JVCKenwood Corp. | 1,226,273 | 7,546 | |
| Glory Ltd. | 399,772 | 7,545 | |
| Nipro Corp. | 949,933 | 7,540 | |
| TBS Holdings Inc. | 270,662 | 7,540 | |
| Izumi Co. Ltd. | 328,281 | 7,531 | |
| Pilot Corp. | 288,424 | 7,496 | |
| Japan Material Co. Ltd. | 465,688 | 7,443 | |
| * | Hino Motors Ltd. | 2,217,807 | 7,432 |
| * | Sansan Inc. | 645,395 | 7,416 |
| Ferrotec Holdings Corp. | 378,642 | 7,367 | |
| NTN Corp. | 3,531,339 | 7,361 | |
| Hokuriku Electric Power Co. | 1,381,113 | 7,336 | |
| Takuma Co. Ltd. | 588,839 | 7,313 | |
| Kumagai Gumi Co. Ltd. | 268,050 | 7,306 | |
| Hyakugo Bank Ltd. | 1,725,174 | 7,302 | |
| * | Sosei Group Corp. | 672,200 | 7,207 |
| Relo Group Inc. | 881,281 | 7,174 | |
| Aiful Corp. | 2,385,047 | 7,171 | |
| SMS Co. Ltd. | 416,489 | 7,163 | |
| Sumitomo Warehouse Co. Ltd. | 424,458 | 7,147 | |
| Tri Chemical Laboratories Inc. | 218,059 | 7,147 | |
| Tokai Tokyo Financial Holdings Inc. | 1,791,404 | 7,146 | |
| H.U. Group Holdings Inc. | 438,553 | 7,142 | |
| Japan Securities Finance Co. Ltd. | 646,038 | 7,140 | |
| Riken Keiki Co. Ltd. | 281,718 | 7,100 | |
| Heiwa Real Estate Co. Ltd. | 269,905 | 7,084 | |
| Kissei Pharmaceutical Co. Ltd. | 302,658 | 7,080 | |
| Sanken Electric Co. Ltd. | 160,338 | 7,032 | |
| Star Asia Investment Corp. | 18,243 | 7,032 | |
| Monogatari Corp. | 228,962 | 7,030 | |
| DCM Holdings Co. Ltd. | 724,939 | 7,012 | |
| Saizeriya Co. Ltd. | 205,127 | 7,008 | |
| Descente Ltd. | 310,572 | 7,003 | |
| 2 | DeNA Co. Ltd. | 703,205 | 6,953 |
| Makino Milling Machine Co. Ltd. | 166,033 | 6,906 | |
| Toei Co. Ltd. | 271,730 | 6,895 | |
| * | PeptiDream Inc. | 733,143 | 6,883 |
| PALTAC Corp. | 258,719 | 6,879 | |
| Duskin Co. Ltd. | 320,594 | 6,838 | |
| * | Appier Group Inc. | 658,200 | 6,824 |
| As One Corp. | 388,906 | 6,805 | |
| Tokyo Steel Manufacturing Co. Ltd. | 618,315 | 6,780 | |
| Yodogawa Steel Works Ltd. | 223,171 | 6,755 | |
| FP Corp. | 370,838 | 6,733 | |
| Sumitomo Osaka Cement Co. Ltd. | 268,862 | 6,726 |
| Shares | Market Value ($000) | ||
| Aichi Financial Group Inc. | 384,985 | 6,721 | |
| Fukuoka REIT Corp. | 5,866 | 6,698 | |
| Joyful Honda Co. Ltd. | 465,349 | 6,693 | |
| Financial Partners Group Co. Ltd. | 472,208 | 6,645 | |
| 2 | Tokyo Electron Device Ltd. | 145,467 | 6,618 |
| Inabata & Co. Ltd. | 314,035 | 6,611 | |
| UACJ Corp. | 231,098 | 6,611 | |
| 2 | EDION Corp. | 656,168 | 6,605 |
| North Pacific Bank Ltd. | 2,256,042 | 6,580 | |
| Mani Inc. | 502,492 | 6,574 | |
| Leopalace21 Corp. | 1,943,540 | 6,549 | |
| 2 | Seiren Co. Ltd. | 358,969 | 6,531 |
| Tokyo Kiraboshi Financial Group Inc. | 210,240 | 6,523 | |
| Mitsubishi Logisnext Co. Ltd. | 536,513 | 6,521 | |
| Tokai Rika Co. Ltd. | 376,741 | 6,465 | |
| Digital Garage Inc. | 295,252 | 6,423 | |
| Nishimatsu Construction Co. Ltd. | 222,698 | 6,402 | |
| Mizuno Corp. | 153,261 | 6,400 | |
| San-Ai Obbli Co. Ltd. | 465,787 | 6,348 | |
| Shoei Co. Ltd. | 419,972 | 6,348 | |
| Global One Real Estate Investment Corp. | 8,813 | 6,339 | |
| Senko Group Holdings Co. Ltd. | 844,965 | 6,331 | |
| 3 | Ryosan Co. Ltd. | 198,737 | 6,328 |
| Nippn Corp. | 412,119 | 6,326 | |
| Sakata Seed Corp. | 257,093 | 6,307 | |
| Kato Sangyo Co. Ltd. | 209,421 | 6,285 | |
| Open Up Group Inc. | 460,046 | 6,241 | |
| Nisshin Oillio Group Ltd. | 185,573 | 6,221 | |
| Toyo Tanso Co. Ltd. | 115,878 | 6,176 | |
| Kaga Electronics Co. Ltd. | 144,607 | 6,148 | |
| JMDC Inc. | 252,900 | 6,127 | |
| TOKAI Holdings Corp. | 938,387 | 6,117 | |
| Nippon Light Metal Holdings Co. Ltd. | 514,298 | 6,103 | |
| Dentsu Soken Inc. | 186,690 | 6,098 | |
| Megmilk Snow Brand Co. Ltd. | 343,594 | 6,098 | |
| Meidensha Corp. | 323,839 | 6,095 | |
| Kaken Pharmaceutical Co. Ltd. | 268,006 | 6,058 | |
| Nippon Paper Industries Co. Ltd. | 780,947 | 6,043 | |
| 2 | Sakura Internet Inc. | 148,500 | 6,029 |
| Kiyo Bank Ltd. | 490,027 | 6,022 | |
| C Uyemura & Co. Ltd. | 88,300 | 6,014 | |
| Seiko Group Corp. | 222,365 | 5,992 | |
| Taiyo Holdings Co. Ltd. | 271,759 | 5,988 | |
| Japan Aviation Electronics Industry Ltd. | 364,266 | 5,982 | |
| Max Co. Ltd. | 282,084 | 5,957 | |
| SWCC Corp. | 237,151 | 5,931 | |
| Nihon Parkerizing Co. Ltd. | 736,326 | 5,930 | |
| PAL GROUP Holdings Co. Ltd. | 346,580 | 5,895 | |
| Nojima Corp. | 527,484 | 5,884 | |
| Noritake Co. Ltd. | 211,296 | 5,878 | |
| Fuji Oil Holdings Inc. | 372,065 | 5,830 | |
| Kitz Corp. | 649,361 | 5,825 | |
| Pola Orbis Holdings Inc. | 606,787 | 5,807 | |
| Topre Corp. | 341,408 | 5,803 | |
| 2 | Fujitsu General Ltd. | 467,601 | 5,789 |
| 2 | Namura Shipbuilding Co. Ltd. | 435,200 | 5,776 |
| Nextage Co. Ltd. | 304,683 | 5,770 | |
| TKC Corp. | 234,812 | 5,764 |
| Shares | Market Value ($000) | ||
| Toyo Ink SC Holdings Co. Ltd. | 295,515 | 5,735 | |
| Senshu Ikeda Holdings Inc. | 2,207,968 | 5,735 | |
| Create Restaurants Holdings Inc. | 839,118 | 5,724 | |
| Hokkoku Financial Holdings Inc. | 173,053 | 5,701 | |
| Mitsubishi Pencil Co. Ltd. | 339,876 | 5,696 | |
| Meiko Electronics Co. Ltd. | 160,405 | 5,695 | |
| Nishimatsuya Chain Co. Ltd. | 357,875 | 5,690 | |
| Iino Kaiun Kaisha Ltd. | 678,579 | 5,663 | |
| Nitto Kogyo Corp. | 205,401 | 5,651 | |
| Royal Holdings Co. Ltd. | 345,580 | 5,649 | |
| Heiwa Corp. | 431,718 | 5,646 | |
| Funai Soken Holdings Inc. | 340,232 | 5,593 | |
| ARCLANDS Corp. | 475,013 | 5,549 | |
| Paramount Bed Holdings Co. Ltd. | 326,038 | 5,536 | |
| Fukuyama Transporting Co. Ltd. | 232,931 | 5,511 | |
| *,2 | Atom Corp. | 911,840 | 5,490 |
| Maruha Nichiro Corp. | 280,388 | 5,487 | |
| Mixi Inc. | 316,183 | 5,472 | |
| Valor Holdings Co. Ltd. | 334,135 | 5,461 | |
| Adastria Co. Ltd. | 214,897 | 5,459 | |
| Eizo Corp. | 159,777 | 5,446 | |
| FP Partner Inc. | 127,823 | 5,443 | |
| 2 | Shochiku Co. Ltd. | 83,214 | 5,442 |
| KYB Corp. | 159,766 | 5,421 | |
| Bunka Shutter Co. Ltd. | 480,978 | 5,409 | |
| Awa Bank Ltd. | 293,999 | 5,405 | |
| Daiei Kankyo Co. Ltd. | 308,200 | 5,403 | |
| Itoham Yonekyu Holdings Inc. | 204,602 | 5,375 | |
| Trusco Nakayama Corp. | 316,084 | 5,359 | |
| Mitsui-Soko Holdings Co. Ltd. | 173,367 | 5,357 | |
| Fukuda Denshi Co. Ltd. | 116,882 | 5,347 | |
| Ichibanya Co. Ltd. | 674,230 | 5,339 | |
| Kohnan Shoji Co. Ltd. | 184,847 | 5,331 | |
| * | Medley Inc. | 179,100 | 5,324 |
| Hankyu Hanshin REIT Inc. | 5,729 | 5,316 | |
| Katitas Co. Ltd. | 407,163 | 5,305 | |
| Chugoku Marine Paints Ltd. | 359,874 | 5,294 | |
| UT Group Co. Ltd. | 224,366 | 5,268 | |
| Nippon Pillar Packing Co. Ltd. | 128,949 | 5,242 | |
| Daio Paper Corp. | 676,327 | 5,240 | |
| Toyobo Co. Ltd. | 712,115 | 5,238 | |
| Autobacs Seven Co. Ltd. | 499,763 | 5,220 | |
| Hosiden Corp. | 406,790 | 5,180 | |
| Musashino Bank Ltd. | 267,163 | 5,175 | |
| Nichiha Corp. | 228,443 | 5,164 | |
| 2 | Oki Electric Industry Co. Ltd. | 675,497 | 5,164 |
| Showa Sangyo Co. Ltd. | 224,057 | 5,126 | |
| Amvis Holdings Inc. | 303,315 | 5,098 | |
| Raiznext Corp. | 370,200 | 5,097 | |
| Ichigo Office REIT Investment Corp. | 9,367 | 5,085 | |
| 2 | SBI Sumishin Net Bank Ltd. | 348,300 | 5,067 |
| JAFCO Group Co. Ltd. | 409,313 | 5,062 | |
| Nanto Bank Ltd. | 249,131 | 5,035 | |
| Exedy Corp. | 250,460 | 5,021 | |
| Ariake Japan Co. Ltd. | 144,130 | 5,010 | |
| Sanki Engineering Co. Ltd. | 358,966 | 4,994 | |
| Kura Sushi Inc. | 161,130 | 4,985 | |
| Justsystems Corp. | 283,460 | 4,975 |
| Shares | Market Value ($000) | ||
| 2 | Mitsuboshi Belting Ltd. | 161,861 | 4,973 |
| Ichigo Inc. | 1,719,816 | 4,963 | |
| Toyo Construction Co. Ltd. | 577,940 | 4,954 | |
| Tocalo Co. Ltd. | 420,403 | 4,932 | |
| SOSiLA Logistics REIT Inc. | 6,094 | 4,914 | |
| CRE Logistics REIT Inc. | 4,913 | 4,888 | |
| 2 | Komeri Co. Ltd. | 213,503 | 4,868 |
| Mitsubishi Shokuhin Co. Ltd. | 132,212 | 4,863 | |
| Starts Corp. Inc. | 233,037 | 4,849 | |
| * | PKSHA Technology Inc. | 134,766 | 4,848 |
| JCU Corp. | 189,636 | 4,825 | |
| KOMEDA Holdings Co. Ltd. | 269,506 | 4,801 | |
| Takara Standard Co. Ltd. | 374,237 | 4,739 | |
| Gunze Ltd. | 131,806 | 4,729 | |
| Ai Holdings Corp. | 292,482 | 4,708 | |
| Fuso Chemical Co. Ltd. | 153,974 | 4,701 | |
| Bank of Nagoya Ltd. | 109,344 | 4,682 | |
| ASKUL Corp. | 321,502 | 4,681 | |
| Raito Kogyo Co. Ltd. | 350,905 | 4,671 | |
| Yokogawa Bridge Holdings Corp. | 242,071 | 4,669 | |
| Yamazen Corp. | 527,744 | 4,664 | |
| Advance Logistics Investment Corp. | 5,787 | 4,640 | |
| Matsui Securities Co. Ltd. | 848,672 | 4,633 | |
| Npr Riken Corp. | 225,626 | 4,608 | |
| Shibaura Machine Co. Ltd. | 190,448 | 4,604 | |
| Yuasa Trading Co. Ltd. | 131,011 | 4,578 | |
| Tamron Co. Ltd. | 102,841 | 4,571 | |
| Infomart Corp. | 1,664,612 | 4,547 | |
| Mirai Corp. | 14,955 | 4,542 | |
| Ohsho Food Service Corp. | 88,688 | 4,526 | |
| Ogaki Kyoritsu Bank Ltd. | 312,940 | 4,518 | |
| Simplex Holdings Inc. | 244,505 | 4,514 | |
| MCJ Co. Ltd. | 508,526 | 4,507 | |
| Totetsu Kogyo Co. Ltd. | 227,139 | 4,484 | |
| 2 | MOS Food Services Inc. | 197,569 | 4,482 |
| Japan Wool Textile Co. Ltd. | 463,927 | 4,457 | |
| Fuji Seal International Inc. | 339,530 | 4,451 | |
| San-A Co. Ltd. | 142,935 | 4,429 | |
| Noevir Holdings Co. Ltd. | 128,884 | 4,426 | |
| KH Neochem Co. Ltd. | 291,945 | 4,421 | |
| * | Anycolor Inc. | 255,500 | 4,397 |
| Wacom Co. Ltd. | 1,012,135 | 4,344 | |
| Menicon Co. Ltd. | 422,577 | 4,343 | |
| Usen-Next Holdings Co. Ltd. | 126,044 | 4,319 | |
| Fuji Media Holdings Inc. | 356,233 | 4,315 | |
| Arata Corp. | 202,386 | 4,303 | |
| *,2 | HIS Co. Ltd. | 341,944 | 4,299 |
| Ryobi Ltd. | 215,311 | 4,282 | |
| Okinawa Cellular Telephone Co. | 181,163 | 4,271 | |
| TOMONY Holdings Inc. | 1,547,704 | 4,267 | |
| Kyorin Pharmaceutical Co. Ltd. | 350,706 | 4,217 | |
| Riso Kagaku Corp. | 207,178 | 4,216 | |
| Toa Corp. | 524,164 | 4,203 | |
| Sinfonia Technology Co. Ltd. | 205,075 | 4,200 | |
| Nichicon Corp. | 495,415 | 4,184 | |
| Restar Holdings Corp. | 206,727 | 4,143 | |
| Kumiai Chemical Industry Co. Ltd. | 757,116 | 4,141 | |
| Mochida Pharmaceutical Co. Ltd. | 194,362 | 4,113 |
| Shares | Market Value ($000) | ||
| Towa Pharmaceutical Co. Ltd. | 211,962 | 4,109 | |
| Konishi Co. Ltd. | 402,388 | 4,091 | |
| en japan Inc. | 232,404 | 4,085 | |
| Musashi Seimitsu Industry Co. Ltd. | 365,167 | 4,078 | |
| Sakata INX Corp. | 390,348 | 4,064 | |
| GungHo Online Entertainment Inc. | 253,818 | 4,062 | |
| Japan Lifeline Co. Ltd. | 508,419 | 4,056 | |
| Bando Chemical Industries Ltd. | 326,585 | 4,054 | |
| FCC Co. Ltd. | 275,847 | 4,016 | |
| ZERIA Pharmaceutical Co. Ltd. | 286,618 | 4,015 | |
| Aoyama Trading Co. Ltd. | 362,272 | 4,012 | |
| Premium Group Co. Ltd. | 296,300 | 4,010 | |
| SAMTY Co. Ltd. | 218,885 | 3,999 | |
| Systena Corp. | 2,251,398 | 3,997 | |
| Tsurumi Manufacturing Co. Ltd. | 161,446 | 3,997 | |
| Token Corp. | 57,356 | 3,995 | |
| Kanamoto Co. Ltd. | 223,937 | 3,994 | |
| Keiyo Bank Ltd. | 794,578 | 3,976 | |
| Transcosmos Inc. | 194,861 | 3,976 | |
| 2 | Kyokuto Kaihatsu Kogyo Co. Ltd. | 234,567 | 3,974 |
| Pacific Industrial Co. Ltd. | 357,341 | 3,967 | |
| AZ-COM Maruwa Holdings Inc. | 442,882 | 3,966 | |
| Life Corp. | 154,402 | 3,961 | |
| 2 | Nagawa Co. Ltd. | 78,253 | 3,941 |
| Totech Corp. | 196,200 | 3,898 | |
| Valqua Ltd. | 116,273 | 3,894 | |
| Chudenko Corp. | 196,146 | 3,893 | |
| Hyakujushi Bank Ltd. | 200,998 | 3,877 | |
| Nitta Corp. | 147,400 | 3,860 | |
| Toshiba TEC Corp. | 192,988 | 3,846 | |
| Elecom Co. Ltd. | 373,848 | 3,840 | |
| Maeda Kosen Co. Ltd. | 160,277 | 3,840 | |
| Ricoh Leasing Co. Ltd. | 110,053 | 3,834 | |
| Nippon Densetsu Kogyo Co. Ltd. | 276,755 | 3,833 | |
| Nippon Seiki Co. Ltd. | 377,950 | 3,825 | |
| Itochu Enex Co. Ltd. | 370,174 | 3,812 | |
| Hiday Hidaka Corp. | 214,885 | 3,806 | |
| Shibuya Corp. | 164,721 | 3,792 | |
| Create SD Holdings Co. Ltd. | 174,004 | 3,790 | |
| Taihei Dengyo Kaisha Ltd. | 124,040 | 3,784 | |
| Sinko Industries Ltd. | 149,638 | 3,783 | |
| Nikkiso Co. Ltd. | 459,086 | 3,752 | |
| Futaba Industrial Co. Ltd. | 479,228 | 3,729 | |
| Maruzen Showa Unyu Co. Ltd. | 120,246 | 3,686 | |
| Dai-Dan Co. Ltd. | 231,892 | 3,686 | |
| Nagaileben Co. Ltd. | 233,981 | 3,674 | |
| 2 | Sumiseki Holdings Inc. | 380,800 | 3,671 |
| Strike Co. Ltd. | 114,306 | 3,660 | |
| Wakita & Co. Ltd. | 346,068 | 3,655 | |
| * | Sumitomo Pharma Co. Ltd. | 1,392,701 | 3,650 |
| Nomura Co. Ltd. | 611,857 | 3,650 | |
| Itoki Corp. | 317,500 | 3,649 | |
| 2 | Toyo Gosei Co. Ltd. | 56,694 | 3,634 |
| Nichireki Co. Ltd. | 219,102 | 3,620 | |
| Furuya Metal Co. Ltd. | 48,700 | 3,615 | |
| Hirata Corp. | 69,974 | 3,611 | |
| Hogy Medical Co. Ltd. | 146,308 | 3,606 | |
| Shinmaywa Industries Ltd. | 440,711 | 3,589 |
| Shares | Market Value ($000) | ||
| Takara Leben Real Estate Investment Corp. | 5,337 | 3,584 | |
| Central Automotive Products Ltd. | 93,900 | 3,579 | |
| Central Glass Co. Ltd. | 189,690 | 3,578 | |
| Idec Corp. | 201,371 | 3,559 | |
| Nissan Shatai Co. Ltd. | 517,241 | 3,557 | |
| Okamoto Industries Inc. | 109,278 | 3,555 | |
| Tosei Corp. | 223,802 | 3,549 | |
| Fukushima Galilei Co. Ltd. | 89,843 | 3,538 | |
| 2 | Nippon Yakin Kogyo Co. Ltd. | 110,137 | 3,515 |
| Hioki EE Corp. | 73,612 | 3,488 | |
| YAMABIKO Corp. | 262,354 | 3,483 | |
| JINS Holdings Inc. | 122,934 | 3,482 | |
| Noritsu Koki Co. Ltd. | 165,179 | 3,478 | |
| T Hasegawa Co. Ltd. | 172,126 | 3,472 | |
| Morita Holdings Corp. | 318,646 | 3,452 | |
| Sekisui Jushi Corp. | 221,923 | 3,445 | |
| Toho Bank Ltd. | 1,452,082 | 3,442 | |
| Optex Group Co. Ltd. | 263,587 | 3,437 | |
| TPR Co. Ltd. | 220,475 | 3,436 | |
| Fujimori Kogyo Co. Ltd. | 120,820 | 3,420 | |
| Prima Meat Packers Ltd. | 227,379 | 3,407 | |
| Mitani Sekisan Co. Ltd. | 85,437 | 3,400 | |
| Senshu Electric Co. Ltd. | 102,518 | 3,383 | |
| 2 | Tokyotokeiba Co. Ltd. | 114,182 | 3,380 |
| West Holdings Corp. | 178,100 | 3,378 | |
| Aeon Delight Co. Ltd. | 145,262 | 3,373 | |
| Modec Inc. | 166,317 | 3,364 | |
| Marusan Securities Co. Ltd. | 473,519 | 3,360 | |
| One REIT Inc. | 1,917 | 3,354 | |
| 2 | Tsuburaya Fields Holdings Inc. | 286,158 | 3,323 |
| Roland DG Corp. | 92,906 | 3,320 | |
| 2 | Yamae Group Holdings Co. Ltd. | 181,100 | 3,314 |
| 2 | Kisoji Co. Ltd. | 194,219 | 3,309 |
| Zojirushi Corp. | 348,253 | 3,309 | |
| ASAHI YUKIZAI Corp. | 95,087 | 3,307 | |
| Retail Partners Co. Ltd. | 268,335 | 3,300 | |
| Belc Co. Ltd. | 71,902 | 3,298 | |
| 2 | Ringer Hut Co. Ltd. | 216,341 | 3,298 |
| Eiken Chemical Co. Ltd. | 252,934 | 3,293 | |
| Nippon Signal Company Ltd. | 483,241 | 3,291 | |
| Sanyo Denki Co. Ltd. | 70,396 | 3,291 | |
| Mitsuuroko Group Holdings Co. Ltd. | 351,614 | 3,288 | |
| Plus Alpha Consulting Co. Ltd. | 205,253 | 3,288 | |
| * | Chiyoda Corp. | 1,234,364 | 3,278 |
| Tama Home Co. Ltd. | 110,433 | 3,274 | |
| Sumitomo Mitsui Construction Co. Ltd. | 1,162,916 | 3,272 | |
| 2 | KFC Holdings Japan Ltd. | 112,981 | 3,266 |
| Nishio Holdings Co. Ltd. | 127,685 | 3,265 | |
| Star Micronics Co. Ltd. | 266,620 | 3,265 | |
| Argo Graphics Inc. | 116,001 | 3,262 | |
| Chilled & Frozen Logistics Holdings Co. Ltd. | 159,384 | 3,245 | |
| Earth Corp. | 115,435 | 3,243 | |
| ESPEC Corp. | 163,272 | 3,240 | |
| Megachips Corp. | 126,365 | 3,227 | |
| Orient Corp. | 455,869 | 3,225 | |
| Zuken Inc. | 109,866 | 3,223 | |
| Piolax Inc. | 183,781 | 3,222 | |
| Konoike Transport Co. Ltd. | 230,760 | 3,222 |
| Shares | Market Value ($000) | ||
| Prestige International Inc. | 713,611 | 3,219 | |
| S Foods Inc. | 144,388 | 3,216 | |
| Sintokogio Ltd. | 384,346 | 3,209 | |
| Future Corp. | 290,876 | 3,205 | |
| 2 | Hakuto Co. Ltd. | 86,757 | 3,200 |
| Vital KSK Holdings Inc. | 388,215 | 3,191 | |
| Torishima Pump Manufacturing Co. Ltd. | 170,794 | 3,187 | |
| Uchida Yoko Co. Ltd. | 69,665 | 3,184 | |
| Heiwado Co. Ltd. | 237,492 | 3,177 | |
| 2 | Oiles Corp. | 216,166 | 3,174 |
| 2 | Sun Corp. | 140,200 | 3,173 |
| Maxell Ltd. | 302,591 | 3,171 | |
| * | Outsourcing Inc. | 274,171 | 3,167 |
| KeePer Technical Laboratory Co. Ltd. | 95,833 | 3,150 | |
| Iriso Electronics Co. Ltd. | 157,133 | 3,148 | |
| Shoei Foods Corp. | 101,264 | 3,146 | |
| Milbon Co. Ltd. | 149,419 | 3,142 | |
| Fuji Co. Ltd. | 256,818 | 3,135 | |
| Nittetsu Mining Co. Ltd. | 97,176 | 3,134 | |
| Onward Holdings Co. Ltd. | 881,370 | 3,128 | |
| Ishihara Sangyo Kaisha Ltd. | 272,197 | 3,116 | |
| Kosaido Holdings Co. Ltd. | 718,500 | 3,116 | |
| Press Kogyo Co. Ltd. | 668,639 | 3,114 | |
| Nachi-Fujikoshi Corp. | 135,926 | 3,110 | |
| Hamakyorex Co. Ltd. | 122,409 | 3,105 | |
| Siix Corp. | 271,574 | 3,100 | |
| Integrated Design & Engineering Holdings Co. Ltd. | 108,304 | 3,091 | |
| Furuno Electric Co. Ltd. | 190,538 | 3,082 | |
| Tachibana Eletech Co. Ltd. | 144,106 | 3,074 | |
| Hosokawa Micron Corp. | 97,586 | 3,072 | |
| Yellow Hat Ltd. | 234,633 | 3,071 | |
| eGuarantee Inc. | 258,975 | 3,071 | |
| Noritz Corp. | 267,790 | 3,067 | |
| Roland Corp. | 100,518 | 3,067 | |
| 2 | Kameda Seika Co. Ltd. | 109,130 | 3,062 |
| Daiichi Jitsugyo Co. Ltd. | 218,169 | 3,059 | |
| Genky DrugStores Co. Ltd. | 70,460 | 3,040 | |
| Mitsuba Corp. | 280,625 | 3,039 | |
| Nissha Co. Ltd. | 304,332 | 3,031 | |
| Mirai Industry Co. Ltd. | 104,800 | 3,028 | |
| Infocom Corp. | 170,765 | 3,017 | |
| *,2 | RENOVA Inc. | 366,079 | 3,008 |
| 2 | Shibaura Mechatronics Corp. | 70,800 | 3,002 |
| Shizuoka Gas Co. Ltd. | 479,172 | 2,996 | |
| Axial Retailing Inc. | 441,276 | 2,995 | |
| WingArc1st Inc. | 148,748 | 2,995 | |
| United Super Markets Holdings Inc. | 454,101 | 2,993 | |
| IDOM Inc. | 430,895 | 2,973 | |
| * | Fujita Kanko Inc. | 61,727 | 2,972 |
| Yurtec Corp. | 303,457 | 2,971 | |
| Krosaki Harima Corp. | 127,560 | 2,964 | |
| 2,3 | Ryoyo Electro Corp. | 116,053 | 2,955 |
| TSI Holdings Co. Ltd. | 568,349 | 2,952 | |
| Aisan Industry Co. Ltd. | 262,983 | 2,937 | |
| Furukawa Co. Ltd. | 243,916 | 2,932 | |
| Kurabo Industries Ltd. | 127,038 | 2,922 | |
| I'll Inc. | 145,985 | 2,914 | |
| Starts Proceed Investment Corp. | 2,086 | 2,913 |
| Shares | Market Value ($000) | ||
| BML Inc. | 150,830 | 2,906 | |
| Procrea Holdings Inc. | 236,436 | 2,902 | |
| Dip Corp. | 158,289 | 2,894 | |
| Tokyu Construction Co. Ltd. | 525,366 | 2,870 | |
| Bell System24 Holdings Inc. | 276,303 | 2,870 | |
| Shin-Etsu Polymer Co. Ltd. | 281,625 | 2,867 | |
| CTI Engineering Co. Ltd. | 83,800 | 2,845 | |
| Tachi-S Co. Ltd. | 216,032 | 2,844 | |
| Godo Steel Ltd. | 74,951 | 2,843 | |
| SIGMAXYZ Holdings Inc. | 254,692 | 2,841 | |
| * | Raksul Inc. | 392,992 | 2,811 |
| Meisei Industrial Co. Ltd. | 322,723 | 2,807 | |
| Okinawa Electric Power Co. Inc. | 369,863 | 2,807 | |
| 2 | Joshin Denki Co. Ltd. | 183,808 | 2,800 |
| TOA ROAD Corp. | 338,460 | 2,790 | |
| Doutor Nichires Holdings Co. Ltd. | 205,376 | 2,787 | |
| MEC Co. Ltd. | 103,894 | 2,781 | |
| Nippon Carbon Co. Ltd. | 79,388 | 2,780 | |
| Yamanashi Chuo Bank Ltd. | 221,527 | 2,746 | |
| Sato Holdings Corp. | 179,358 | 2,743 | |
| Shikoku Kasei Holdings Corp. | 234,615 | 2,740 | |
| San ju San Financial Group Inc. | 198,247 | 2,734 | |
| Nohmi Bosai Ltd. | 182,281 | 2,725 | |
| United Arrows Ltd. | 211,136 | 2,724 | |
| Kyoei Steel Ltd. | 173,832 | 2,719 | |
| 2 | Toho Titanium Co. Ltd. | 260,844 | 2,710 |
| Komori Corp. | 332,650 | 2,707 | |
| Pasona Group Inc. | 145,892 | 2,684 | |
| *,2 | euglena Co. Ltd. | 669,925 | 2,683 |
| Sanyo Special Steel Co. Ltd. | 180,983 | 2,673 | |
| Osaka Organic Chemical Industry Ltd. | 126,562 | 2,669 | |
| Mitsui DM Sugar Holdings Co. Ltd. | 129,584 | 2,668 | |
| Keihanshin Building Co. Ltd. | 261,962 | 2,665 | |
| Eagle Industry Co. Ltd. | 220,049 | 2,657 | |
| JCR Pharmaceuticals Co. Ltd. | 467,149 | 2,652 | |
| Sun Frontier Fudousan Co. Ltd. | 214,357 | 2,651 | |
| Torii Pharmaceutical Co. Ltd. | 96,984 | 2,640 | |
| Hibiya Engineering Ltd. | 134,652 | 2,622 | |
| Sumitomo Riko Co. Ltd. | 295,709 | 2,616 | |
| Curves Holdings Co. Ltd. | 496,045 | 2,614 | |
| Tosei REIT Investment Corp. | 2,757 | 2,606 | |
| ASKA Pharmaceutical Holdings Co. Ltd. | 177,205 | 2,591 | |
| Altech Corp. | 142,500 | 2,582 | |
| 2 | Enplas Corp. | 53,690 | 2,580 |
| 2 | Shinagawa Refractories Co. Ltd. | 205,044 | 2,577 |
| Canon Electronics Inc. | 158,603 | 2,570 | |
| Tsugami Corp. | 337,407 | 2,566 | |
| Tsukishima Holdings Co. Ltd. | 273,806 | 2,565 | |
| Asanuma Corp. | 97,400 | 2,565 | |
| 2 | OSAKA Titanium Technologies Co. Ltd. | 148,280 | 2,561 |
| METAWATER Co. Ltd. | 173,835 | 2,559 | |
| Okinawa Financial Group Inc. | 148,498 | 2,556 | |
| JBCC Holdings Inc. | 116,700 | 2,551 | |
| Daikokutenbussan Co. Ltd. | 39,968 | 2,550 | |
| 2 | Aeon Hokkaido Corp. | 410,422 | 2,543 |
| Aida Engineering Ltd. | 431,540 | 2,531 | |
| * | Vision Inc. | 312,607 | 2,531 |
| Bank of the Ryukyus Ltd. | 321,305 | 2,526 |
| Shares | Market Value ($000) | ||
| Shin Nippon Air Technologies Co. Ltd. | 113,853 | 2,524 | |
| Sumitomo Densetsu Co. Ltd. | 113,058 | 2,520 | |
| 2 | Matsuyafoods Holdings Co. Ltd. | 67,483 | 2,512 |
| * | Nippon Sheet Glass Co. Ltd. | 732,543 | 2,502 |
| Takasago International Corp. | 109,991 | 2,499 | |
| Health Care & Medical Investment Corp. | 2,801 | 2,496 | |
| Obara Group Inc. | 99,192 | 2,494 | |
| Kamei Corp. | 182,592 | 2,488 | |
| Fixstars Corp. | 163,650 | 2,482 | |
| Hokuetsu Industries Co. Ltd. | 188,600 | 2,475 | |
| Nippon Kanzai Holdings Co. Ltd. | 146,541 | 2,464 | |
| Fujibo Holdings Inc. | 85,248 | 2,461 | |
| Topy Industries Ltd. | 137,851 | 2,459 | |
| Mandom Corp. | 278,641 | 2,458 | |
| Chofu Seisakusho Co. Ltd. | 171,862 | 2,450 | |
| Asahi Diamond Industrial Co. Ltd. | 387,374 | 2,448 | |
| Anicom Holdings Inc. | 644,480 | 2,443 | |
| Geo Holdings Corp. | 194,348 | 2,440 | |
| Chubu Steel Plate Co. Ltd. | 140,000 | 2,439 | |
| Nafco Co. Ltd. | 142,900 | 2,439 | |
| Sinanen Holdings Co. Ltd. | 74,106 | 2,435 | |
| Teikoku Sen-I Co. Ltd. | 159,631 | 2,433 | |
| Kanto Denka Kogyo Co. Ltd. | 364,372 | 2,428 | |
| Samty Residential Investment Corp. | 3,422 | 2,421 | |
| NS United Kaiun Kaisha Ltd. | 77,227 | 2,413 | |
| Sala Corp. | 440,300 | 2,406 | |
| RS Technologies Co. Ltd. | 119,730 | 2,402 | |
| Aichi Steel Corp. | 94,185 | 2,401 | |
| Mimasu Semiconductor Industry Co. Ltd. | 118,073 | 2,401 | |
| 2 | Seikitokyu Kogyo Co. Ltd. | 193,700 | 2,399 |
| 2 | Septeni Holdings Co. Ltd. | 787,300 | 2,395 |
| GLOBERIDE Inc. | 179,731 | 2,391 | |
| Oita Bank Ltd. | 119,222 | 2,381 | |
| Nissin Corp. | 125,854 | 2,379 | |
| VT Holdings Co. Ltd. | 670,377 | 2,373 | |
| Happinet Corp. | 118,020 | 2,370 | |
| G-Tekt Corp. | 169,201 | 2,368 | |
| K&O Energy Group Inc. | 112,452 | 2,363 | |
| Doshisha Co. Ltd. | 170,936 | 2,358 | |
| Tenma Corp. | 157,361 | 2,356 | |
| Miyazaki Bank Ltd. | 123,729 | 2,355 | |
| Fukui Bank Ltd. | 183,695 | 2,354 | |
| TV Asahi Holdings Corp. | 169,603 | 2,341 | |
| Saibu Gas Holdings Co. Ltd. | 186,537 | 2,338 | |
| Takara Bio Inc. | 362,523 | 2,337 | |
| Transaction Co. Ltd. | 155,200 | 2,335 | |
| Tamura Corp. | 593,561 | 2,334 | |
| Oriental Shiraishi Corp. | 891,876 | 2,331 | |
| Broadleaf Co. Ltd. | 671,428 | 2,328 | |
| Comture Corp. | 178,149 | 2,325 | |
| DyDo Group Holdings Inc. | 128,798 | 2,324 | |
| Nippon Thompson Co. Ltd. | 548,692 | 2,322 | |
| Cybozu Inc. | 199,532 | 2,321 | |
| ES-Con Japan Ltd. | 344,951 | 2,317 | |
| Digital Arts Inc. | 80,685 | 2,315 | |
| Nippon Ceramic Co. Ltd. | 129,415 | 2,315 | |
| Kawada Technologies Inc. | 107,301 | 2,315 | |
| Starzen Co. Ltd. | 123,860 | 2,314 |
| Shares | Market Value ($000) | ||
| HI-LEX Corp. | 205,491 | 2,312 | |
| SBS Holdings Inc. | 135,093 | 2,309 | |
| TechMatrix Corp. | 191,558 | 2,304 | |
| J Trust Co. Ltd. | 785,585 | 2,290 | |
| JAC Recruitment Co. Ltd. | 438,956 | 2,289 | |
| Pack Corp. | 91,967 | 2,285 | |
| Mars Group Holdings Corp. | 105,596 | 2,284 | |
| Sakai Moving Service Co. Ltd. | 135,812 | 2,283 | |
| Trancom Co. Ltd. | 56,799 | 2,278 | |
| Japan Pulp & Paper Co. Ltd. | 66,063 | 2,261 | |
| Unipres Corp. | 294,005 | 2,260 | |
| Sanyo Chemical Industries Ltd. | 81,020 | 2,259 | |
| Nissei ASB Machine Co. Ltd. | 65,720 | 2,250 | |
| 2 | Change Holdings Inc. | 264,289 | 2,242 |
| Universal Entertainment Corp. | 175,726 | 2,236 | |
| Koshidaka Holdings Co. Ltd. | 361,716 | 2,235 | |
| Lifedrink Co. Inc. | 68,799 | 2,233 | |
| Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 113,640 | 2,220 | |
| Oyo Corp. | 152,303 | 2,216 | |
| Shikoku Bank Ltd. | 278,542 | 2,216 | |
| Union Tool Co. | 75,041 | 2,203 | |
| Sumitomo Seika Chemicals Co. Ltd. | 65,978 | 2,202 | |
| Yokorei Co. Ltd. | 323,168 | 2,201 | |
| 2 | Takamatsu Construction Group Co. Ltd. | 117,882 | 2,196 |
| 2 | PHC Holdings Corp. | 269,398 | 2,196 |
| 2 | Komehyo Holdings Co. Ltd. | 86,100 | 2,192 |
| Fujicco Co. Ltd. | 174,244 | 2,187 | |
| Koa Corp. | 224,807 | 2,186 | |
| Anest Iwata Corp. | 244,865 | 2,182 | |
| Mirarth Holdings Inc. | 659,545 | 2,172 | |
| *,2 | SRE Holdings Corp. | 77,664 | 2,170 |
| Daiwa Industries Ltd. | 205,518 | 2,169 | |
| Shinnihon Corp. | 197,448 | 2,162 | |
| Daikyonishikawa Corp. | 421,988 | 2,162 | |
| Matsuya Co. Ltd. | 305,147 | 2,161 | |
| T-Gaia Corp. | 160,311 | 2,156 | |
| Avex Inc. | 252,491 | 2,139 | |
| Sumida Corp. | 266,273 | 2,135 | |
| Bank of Iwate Ltd. | 125,573 | 2,129 | |
| JM Holdings Co. Ltd. | 117,219 | 2,127 | |
| Yonex Co. Ltd. | 290,159 | 2,122 | |
| Sankei Real Estate Inc. | 3,606 | 2,115 | |
| Halows Co. Ltd. | 71,294 | 2,107 | |
| Riken Technos Corp. | 320,819 | 2,100 | |
| Goldcrest Co. Ltd. | 124,753 | 2,093 | |
| Tokai Corp. | 146,368 | 2,085 | |
| 2 | Daikoku Denki Co. Ltd. | 78,300 | 2,083 |
| Toenec Corp. | 54,823 | 2,083 | |
| AOKI Holdings Inc. | 281,025 | 2,079 | |
| Tekken Corp. | 115,988 | 2,066 | |
| Teikoku Electric Manufacturing Co. Ltd. | 123,368 | 2,064 | |
| Riken Vitamin Co. Ltd. | 124,218 | 2,061 | |
| 2 | Benefit One Inc. | 143,855 | 2,058 |
| France Bed Holdings Co. Ltd. | 244,175 | 2,056 | |
| Ehime Bank Ltd. | 275,670 | 2,049 | |
| Qol Holdings Co. Ltd. | 178,671 | 2,047 | |
| ESCON Japan REIT Investment Corp. | 2,523 | 2,045 | |
| Alconix Corp. | 214,329 | 2,036 |
| Shares | Market Value ($000) | ||
| Hokuto Corp. | 167,812 | 2,031 | |
| Yondoshi Holdings Inc. | 165,159 | 2,026 | |
| Itochu-Shokuhin Co. Ltd. | 42,613 | 2,024 | |
| Kurimoto Ltd. | 77,344 | 2,022 | |
| Insource Co. Ltd. | 334,980 | 2,015 | |
| *,2 | Kappa Create Co. Ltd. | 189,239 | 2,014 |
| TRE Holdings Corp. | 252,681 | 2,014 | |
| Shima Seiki Manufacturing Ltd. | 218,507 | 2,002 | |
| Tanseisha Co. Ltd. | 344,879 | 2,000 | |
| * | Fujio Food Group Inc. | 216,873 | 1,996 |
| Katakura Industries Co. Ltd. | 156,210 | 1,981 | |
| Aiphone Co. Ltd. | 98,445 | 1,977 | |
| Fukuda Corp. | 53,135 | 1,969 | |
| Computer Engineering & Consulting Ltd. | 191,104 | 1,954 | |
| Sparx Group Co. Ltd. | 156,987 | 1,951 | |
| Akatsuki Inc. | 116,402 | 1,947 | |
| World Co. Ltd. | 138,847 | 1,921 | |
| Yamagata Bank Ltd. | 247,206 | 1,915 | |
| Kyokuyo Co. Ltd. | 78,016 | 1,910 | |
| Yahagi Construction Co. Ltd. | 186,629 | 1,910 | |
| Raysum Co. Ltd. | 83,900 | 1,908 | |
| LITALICO Inc. | 137,552 | 1,907 | |
| Onoken Co. Ltd. | 154,159 | 1,906 | |
| * | Snow Peak Inc. | 230,946 | 1,905 |
| Nippon Fine Chemical Co. Ltd. | 113,601 | 1,904 | |
| Warabeya Nichiyo Holdings Co. Ltd. | 105,096 | 1,903 | |
| J-Oil Mills Inc. | 148,119 | 1,897 | |
| Ryoden Corp. | 105,576 | 1,867 | |
| Denyo Co. Ltd. | 120,017 | 1,865 | |
| GMO Financial Holdings Inc. | 355,600 | 1,853 | |
| Tochigi Bank Ltd. | 766,033 | 1,851 | |
| 2 | Nichiden Corp. | 105,183 | 1,849 |
| Nippon Denko Co. Ltd. | 873,427 | 1,835 | |
| Chori Co. Ltd. | 82,072 | 1,833 | |
| Kyokuto Securities Co. Ltd. | 171,859 | 1,812 | |
| Gree Inc. | 568,194 | 1,808 | |
| Mie Kotsu Group Holdings Inc. | 442,137 | 1,797 | |
| Management Solutions Co. Ltd. | 128,165 | 1,797 | |
| Genki Sushi Co. Ltd. | 85,440 | 1,795 | |
| Base Co. Ltd. | 77,106 | 1,792 | |
| Neturen Co. Ltd. | 243,419 | 1,778 | |
| Japan Transcity Corp. | 405,488 | 1,778 | |
| 2 | Pressance Corp. | 151,870 | 1,777 |
| Yokowo Co. Ltd. | 174,224 | 1,772 | |
| Toyo Kanetsu KK | 59,571 | 1,753 | |
| 2 | Daiki Aluminium Industry Co. Ltd. | 216,180 | 1,753 |
| Carta Holdings Inc. | 168,789 | 1,749 | |
| Mitsubishi Research Institute Inc. | 53,179 | 1,743 | |
| Sanyo Electric Railway Co. Ltd. | 126,920 | 1,742 | |
| MARUKA FURUSATO Corp. | 119,379 | 1,742 | |
| Ines Corp. | 169,350 | 1,741 | |
| Seika Corp. | 70,164 | 1,740 | |
| Marudai Food Co. Ltd. | 162,443 | 1,737 | |
| KPP Group Holdings Co. Ltd. | 353,200 | 1,734 | |
| Akita Bank Ltd. | 126,125 | 1,725 | |
| 2 | Key Coffee Inc. | 130,419 | 1,725 |
| Nippon Road Co. Ltd. | 138,460 | 1,722 | |
| Stella Chemifa Corp. | 70,695 | 1,714 |
| Shares | Market Value ($000) | ||
| JSB Co. Ltd. | 91,000 | 1,710 | |
| Icom Inc. | 75,868 | 1,706 | |
| gremz Inc. | 120,155 | 1,704 | |
| Shinko Shoji Co. Ltd. | 216,046 | 1,702 | |
| Cosel Co. Ltd. | 170,165 | 1,701 | |
| Sodick Co. Ltd. | 356,787 | 1,698 | |
| Miroku Jyoho Service Co. Ltd. | 143,048 | 1,693 | |
| BRONCO BILLY Co. Ltd. | 69,362 | 1,693 | |
| Tsubaki Nakashima Co. Ltd. | 307,976 | 1,689 | |
| Proto Corp. | 181,232 | 1,685 | |
| Rock Field Co. Ltd. | 148,605 | 1,679 | |
| Wellneo Sugar Co. Ltd. | 109,647 | 1,675 | |
| Link & Motivation Inc. | 466,159 | 1,674 | |
| Matsuda Sangyo Co. Ltd. | 102,737 | 1,668 | |
| Chubu Shiryo Co. Ltd. | 211,910 | 1,661 | |
| ZIGExN Co. Ltd. | 417,130 | 1,661 | |
| Avant Group Corp. | 194,500 | 1,658 | |
| Taki Chemical Co. Ltd. | 66,767 | 1,648 | |
| JP-Holdings Inc. | 466,003 | 1,644 | |
| SRA Holdings | 62,823 | 1,640 | |
| TOC Co. Ltd. | 356,412 | 1,638 | |
| Shinwa Co. Ltd. | 90,412 | 1,637 | |
| Sagami Holdings Corp. | 166,467 | 1,634 | |
| Rheon Automatic Machinery Co. Ltd. | 158,842 | 1,628 | |
| Daito Pharmaceutical Co. Ltd. | 105,400 | 1,626 | |
| Advan Group Co. Ltd. | 212,632 | 1,618 | |
| *,2 | Istyle Inc. | 468,567 | 1,611 |
| FIDEA Holdings Co. Ltd. | 153,055 | 1,607 | |
| Vector Inc. | 207,090 | 1,606 | |
| Dai Nippon Toryo Co. Ltd. | 206,205 | 1,597 | |
| CMK Corp. | 391,039 | 1,593 | |
| M&A Capital Partners Co. Ltd. | 107,370 | 1,593 | |
| * | Oisix ra daichi Inc. | 186,059 | 1,590 |
| Nittoku Co. Ltd. | 121,700 | 1,588 | |
| Elematec Corp. | 124,883 | 1,579 | |
| Gakken Holdings Co. Ltd. | 256,474 | 1,575 | |
| Weathernews Inc. | 46,484 | 1,569 | |
| Hochiki Corp. | 109,276 | 1,569 | |
| NEC Capital Solutions Ltd. | 61,730 | 1,569 | |
| Okabe Co. Ltd. | 303,587 | 1,565 | |
| Toyo Corp. | 153,649 | 1,556 | |
| St. Marc Holdings Co. Ltd. | 110,569 | 1,554 | |
| Ichikoh Industries Ltd. | 429,094 | 1,547 | |
| 2 | Arisawa Manufacturing Co. Ltd. | 207,500 | 1,546 |
| Giken Ltd. | 112,789 | 1,545 | |
| 2 | Abalance Corp. | 89,900 | 1,545 |
| Hokkaido Gas Co. Ltd. | 92,386 | 1,544 | |
| Softcreate Holdings Corp. | 125,666 | 1,543 | |
| Cawachi Ltd. | 88,031 | 1,537 | |
| Chiyoda Integre Co. Ltd. | 83,747 | 1,535 | |
| * | Nippon Chemi-Con Corp. | 161,872 | 1,533 |
| Nihon Nohyaku Co. Ltd. | 287,263 | 1,523 | |
| 2 | Belluna Co. Ltd. | 373,488 | 1,517 |
| COLOPL Inc. | 371,626 | 1,515 | |
| Daido Metal Co. Ltd. | 341,156 | 1,514 | |
| Alpen Co. Ltd. | 113,991 | 1,512 | |
| 2 | Shin Nippon Biomedical Laboratories Ltd. | 148,621 | 1,508 |
| Nippon Parking Development Co. Ltd. | 1,126,331 | 1,507 |
| Shares | Market Value ($000) | ||
| Honeys Holdings Co. Ltd. | 131,390 | 1,505 | |
| Tonami Holdings Co. Ltd. | 49,874 | 1,503 | |
| Ki-Star Real Estate Co. Ltd. | 60,371 | 1,496 | |
| Towa Bank Ltd. | 314,177 | 1,492 | |
| 2 | JSP Corp. | 99,924 | 1,490 |
| LEC Inc. | 195,753 | 1,488 | |
| Aichi Corp. | 208,984 | 1,482 | |
| DKS Co. Ltd. | 62,542 | 1,479 | |
| Elan Corp. | 243,586 | 1,476 | |
| CI Takiron Corp. | 331,500 | 1,474 | |
| Koatsu Gas Kogyo Co. Ltd. | 248,189 | 1,472 | |
| 2 | YA-MAN Ltd. | 222,248 | 1,462 |
| Tokushu Tokai Paper Co. Ltd. | 55,106 | 1,448 | |
| * | giftee Inc. | 162,630 | 1,444 |
| Shibusawa Warehouse Co. Ltd. | 71,880 | 1,439 | |
| Hoosiers Holdings Co. Ltd. | 198,137 | 1,439 | |
| *,2 | W-Scope Corp. | 397,880 | 1,437 |
| YAKUODO Holdings Co. Ltd. | 82,672 | 1,437 | |
| Bank of Saga Ltd. | 102,957 | 1,436 | |
| Toa Corp. (XTKS) | 186,191 | 1,426 | |
| FULLCAST Holdings Co. Ltd. | 148,718 | 1,422 | |
| Sakai Chemical Industry Co. Ltd. | 112,092 | 1,422 | |
| Seikagaku Corp. | 280,759 | 1,409 | |
| Fuji Pharma Co. Ltd. | 129,413 | 1,394 | |
| Fujiya Co. Ltd. | 84,299 | 1,390 | |
| Zenrin Co. Ltd. | 246,063 | 1,385 | |
| Macromill Inc. | 269,181 | 1,378 | |
| Okura Industrial Co. Ltd. | 66,897 | 1,366 | |
| 2 | Gamecard-Joyco Holdings Inc. | 77,700 | 1,362 |
| Osaki Electric Co. Ltd. | 300,930 | 1,349 | |
| Ichiyoshi Securities Co. Ltd. | 243,646 | 1,344 | |
| Tomoku Co. Ltd. | 77,305 | 1,344 | |
| Moriroku Holdings Co. Ltd. | 78,303 | 1,344 | |
| Takaoka Toko Co. Ltd. | 79,640 | 1,337 | |
| * | Tatsuta Electric Wire & Cable Co. Ltd. | 288,163 | 1,331 |
| Hodogaya Chemical Co. Ltd. | 56,018 | 1,327 | |
| 2 | Daiho Corp. | 57,965 | 1,324 |
| m-up Holdings Inc. | 169,100 | 1,309 | |
| Nagatanien Holdings Co. Ltd. | 88,086 | 1,298 | |
| Nichiban Co. Ltd. | 100,009 | 1,292 | |
| Tayca Corp. | 128,554 | 1,292 | |
| Sanoh Industrial Co. Ltd. | 170,665 | 1,288 | |
| Feed One Co. Ltd. | 200,035 | 1,284 | |
| Solasto Corp. | 357,442 | 1,284 | |
| Sankyo Tateyama Inc. | 205,761 | 1,282 | |
| G-7 Holdings Inc. | 134,959 | 1,278 | |
| Osaka Steel Co. Ltd. | 88,526 | 1,277 | |
| Kyodo Printing Co. Ltd. | 56,296 | 1,275 | |
| Inageya Co. Ltd. | 136,834 | 1,264 | |
| EM Systems Co. Ltd. | 265,349 | 1,250 | |
| Marvelous Inc. | 271,295 | 1,244 | |
| Kyosan Electric Manufacturing Co. Ltd. | 363,004 | 1,243 | |
| Okuwa Co. Ltd. | 198,244 | 1,242 | |
| *,2 | Demae-Can Co. Ltd. | 573,600 | 1,239 |
| 2 | Kansai Food Market Ltd. | 106,166 | 1,238 |
| Kenko Mayonnaise Co. Ltd. | 93,001 | 1,236 | |
| 2 | eRex Co. Ltd. | 269,621 | 1,231 |
| CTS Co. Ltd. | 233,828 | 1,221 |
| Shares | Market Value ($000) | ||
| *,2 | PIA Corp. | 57,053 | 1,205 |
| 2 | Pharma Foods International Co. Ltd. | 189,650 | 1,194 |
| Riso Kyoiku Co. Ltd. | 819,422 | 1,193 | |
| Nihon Tokushu Toryo Co. Ltd. | 123,720 | 1,188 | |
| Shindengen Electric Manufacturing Co. Ltd. | 59,058 | 1,185 | |
| World Holdings Co. Ltd. | 70,135 | 1,185 | |
| Studio Alice Co. Ltd. | 86,834 | 1,183 | |
| Tokyo Energy & Systems Inc. | 145,980 | 1,183 | |
| Achilles Corp. | 115,946 | 1,175 | |
| Sankyo Seiko Co. Ltd. | 236,436 | 1,173 | |
| Kintetsu Department Store Co. Ltd. | 74,618 | 1,168 | |
| Komatsu Matere Co. Ltd. | 228,964 | 1,165 | |
| Fudo Tetra Corp. | 85,007 | 1,150 | |
| Kanaden Corp. | 114,806 | 1,148 | |
| Futaba Corp. | 333,811 | 1,142 | |
| Maxvalu Tokai Co. Ltd. | 55,665 | 1,134 | |
| Nippon Beet Sugar Manufacturing Co. Ltd. | 82,970 | 1,133 | |
| WDB Holdings Co. Ltd. | 74,162 | 1,129 | |
| DKK Co. Ltd. | 79,428 | 1,123 | |
| Intage Holdings Inc. | 107,076 | 1,119 | |
| 2 | Takatori Corp. | 39,671 | 1,112 |
| Nitto Kohki Co. Ltd. | 86,600 | 1,109 | |
| Xebio Holdings Co. Ltd. | 173,333 | 1,106 | |
| BrainPad Inc. | 122,930 | 1,095 | |
| Ebase Co. Ltd. | 228,612 | 1,093 | |
| Maezawa Kyuso Industries Co. Ltd. | 131,454 | 1,090 | |
| Central Security Patrols Co. Ltd. | 62,215 | 1,087 | |
| SB Technology Corp. | 78,834 | 1,087 | |
| V Technology Co. Ltd. | 65,653 | 1,078 | |
| Optorun Co. Ltd. | 79,205 | 1,078 | |
| Asahi Co. Ltd. | 122,110 | 1,073 | |
| Nihon Chouzai Co. Ltd. | 103,730 | 1,072 | |
| Pronexus Inc. | 132,644 | 1,068 | |
| Alpha Systems Inc. | 49,538 | 1,063 | |
| Kojima Co. Ltd. | 193,855 | 1,047 | |
| CAC Holdings Corp. | 84,413 | 1,044 | |
| Yukiguni Maitake Co. Ltd. | 149,269 | 1,041 | |
| Hisaka Works Ltd. | 152,459 | 1,026 | |
| 2 | Ministop Co. Ltd. | 101,283 | 1,013 |
| JDC Corp. | 288,219 | 1,013 | |
| * | Optim Corp. | 146,893 | 1,005 |
| *,2 | Sourcenext Corp. | 623,888 | 1,001 |
| WATAMI Co. Ltd. | 156,258 | 1,000 | |
| *,2 | Pacific Metals Co. Ltd. | 111,658 | 998 |
| Kanagawa Chuo Kotsu Co. Ltd. | 47,971 | 997 | |
| ST Corp. | 97,818 | 994 | |
| Central Sports Co. Ltd. | 59,929 | 989 | |
| Chiyoda Co. Ltd. | 167,035 | 979 | |
| Nippon Rietec Co. Ltd. | 108,697 | 966 | |
| Yorozu Corp. | 149,914 | 957 | |
| 2 | Remixpoint Inc. | 915,438 | 955 |
| Hokkan Holdings Ltd. | 77,129 | 953 | |
| Artnature Inc. | 186,500 | 951 | |
| MTI Ltd. | 194,175 | 949 | |
| Inaba Seisakusho Co. Ltd. | 78,213 | 935 | |
| * | Gurunavi Inc. | 469,296 | 927 |
| Midac Holdings Co. Ltd. | 88,256 | 926 | |
| Oro Co. Ltd. | 53,222 | 922 |
| Shares | Market Value ($000) | ||
| Nihon Trim Co. Ltd. | 37,019 | 919 | |
| 2 | Airtrip Corp. | 85,009 | 916 |
| Yamashin-Filter Corp. | 300,744 | 915 | |
| S-Pool Inc. | 436,825 | 907 | |
| Melco Holdings Inc. | 37,690 | 901 | |
| Nippon Sharyo Ltd. | 57,131 | 896 | |
| Taisei Lamick Co. Ltd. | 45,721 | 891 | |
| Tv Tokyo Holdings Corp. | 45,183 | 885 | |
| Arakawa Chemical Industries Ltd. | 114,549 | 879 | |
| 2 | Shimojima Co. Ltd. | 95,372 | 874 |
| Chuo Spring Co. Ltd. | 125,980 | 872 | |
| 2 | Nippon Coke & Engineering Co. Ltd. | 1,013,050 | 866 |
| Nisso Holdings Co. Ltd. | 157,507 | 859 | |
| Fukui Computer Holdings Inc. | 49,444 | 845 | |
| Rokko Butter Co. Ltd. | 91,786 | 845 | |
| Iseki & Co. Ltd. | 123,029 | 833 | |
| 2 | Nakayama Steel Works Ltd. | 133,863 | 830 |
| 2 | Aeon Fantasy Co. Ltd. | 52,673 | 828 |
| ValueCommerce Co. Ltd. | 115,611 | 817 | |
| *,2 | Kourakuen Holdings Corp. | 90,163 | 809 |
| Shimizu Bank Ltd. | 75,898 | 805 | |
| Toho Zinc Co. Ltd. | 108,446 | 790 | |
| *,2 | Japan Display Inc. | 4,984,772 | 790 |
| Airport Facilities Co. Ltd. | 195,162 | 787 | |
| 2 | SBI ARUHI Corp. | 126,295 | 783 |
| Tsutsumi Jewelry Co. Ltd. | 56,370 | 772 | |
| I-PEX Inc. | 63,542 | 766 | |
| * | KNT-CT Holdings Co. Ltd. | 84,869 | 760 |
| 2 | Fuso Pharmaceutical Industries Ltd. | 51,742 | 747 |
| Sanshin Electronics Co. Ltd. | 52,811 | 747 | |
| GMO GlobalSign Holdings KK | 37,641 | 746 | |
| Gecoss Corp. | 95,935 | 728 | |
| Digital Holdings Inc. | 99,939 | 724 | |
| Taiho Kogyo Co. Ltd. | 117,011 | 722 | |
| Amuse Inc. | 71,194 | 720 | |
| Furukawa Battery Co. Ltd. | 107,297 | 718 | |
| Pole To Win Holdings Inc. | 211,751 | 716 | |
| Tess Holdings Co. Ltd. | 231,161 | 707 | |
| Yushin Precision Equipment Co. Ltd. | 156,000 | 706 | |
| Cleanup Corp. | 135,488 | 703 | |
| 2 | Inui Global Logistics Co. Ltd. | 98,653 | 695 |
| FAN Communications Inc. | 253,644 | 670 | |
| 2 | Kitanotatsujin Corp. | 496,610 | 658 |
| Hito Communications Holdings Inc. | 85,380 | 655 | |
| 2 | IR Japan Holdings Ltd. | 75,174 | 655 |
| Kamakura Shinsho Ltd. | 133,163 | 631 | |
| Corona Corp. | 97,486 | 619 | |
| *,2 | Jamco Corp. | 71,580 | 577 |
| 2 | Tosho Co. Ltd. | 121,563 | 573 |
| Daisyo Corp. | 67,791 | 552 | |
| Sekisui Kasei Co. Ltd. | 166,741 | 552 | |
| *,2 | TerraSky Co. Ltd. | 57,646 | 545 |
| Fibergate Inc. | 70,741 | 537 | |
| * | FDK Corp. | 109,288 | 536 |
| LIFULL Co. Ltd. | 478,903 | 533 | |
| Ohara Inc. | 61,097 | 532 | |
| Takamiya Co. Ltd. | 136,908 | 526 | |
| * | Gunosy Inc. | 102,774 | 526 |
| Shares | Market Value ($000) | ||
| MedPeer Inc. | 113,695 | 522 | |
| *,2 | Open Door Inc. | 94,896 | 512 |
| *,2 | CHIMNEY Co. Ltd. | 53,904 | 488 |
| Tokyo Individualized Educational Institute Inc. | 169,837 | 483 | |
| * | Net Protections Holdings Inc. | 322,800 | 473 |
| Medical Data Vision Co. Ltd. | 116,903 | 463 | |
| Kanamic Network Co. Ltd. | 129,606 | 453 | |
| Japan Medical Dynamic Marketing Inc. | 88,564 | 424 | |
| Media Do Co. Ltd. | 42,088 | 417 | |
| Ubicom Holdings Inc. | 47,071 | 395 | |
| * | Atrae Inc. | 125,093 | 366 |
| Direct Marketing MiX Inc. | 170,483 | 355 | |
| * | RPA Holdings Inc. | 191,370 | 350 |
| 2 | Tokyo Rakutenchi Co. Ltd. | 7,350 | 325 |
| Wowow Inc. | 35,634 | 266 | |
| Robot Home Inc. | 224,508 | 241 | |
| * | Right On Co. Ltd. | 62,111 | 171 |
| 41,742,899 | |||
| Netherlands (3.9%) | |||
| ASML Holding NV | 3,262,239 | 3,162,613 | |
| ING Groep NV | 27,877,500 | 458,955 | |
| *,1 | Adyen NV | 243,565 | 411,415 |
| Prosus NV | 12,529,072 | 392,165 | |
| Wolters Kluwer NV | 2,030,392 | 317,939 | |
| ASM International NV | 386,364 | 236,610 | |
| Koninklijke Ahold Delhaize NV | 7,826,436 | 234,181 | |
| Heineken NV | 2,312,534 | 222,946 | |
| Universal Music Group NV | 6,198,531 | 186,268 | |
| DSM-Firmenich AG | 1,432,400 | 162,910 | |
| Koninklijke Philips NV | 6,469,283 | 129,476 | |
| ArcelorMittal SA | 4,105,259 | 112,842 | |
| NN Group NV | 2,299,436 | 106,154 | |
| Akzo Nobel NV | 1,410,259 | 105,371 | |
| Koninklijke KPN NV | 27,365,170 | 102,357 | |
| BE Semiconductor Industries NV | 627,134 | 96,063 | |
| EXOR NV | 831,481 | 92,532 | |
| Heineken Holding NV | 1,081,498 | 87,281 | |
| Aegon Ltd. | 14,019,613 | 85,531 | |
| IMCD NV | 470,975 | 82,896 | |
| 1 | ABN AMRO Bank NV GDR | 3,631,760 | 62,148 |
| ASR Nederland NV | 1,206,719 | 59,141 | |
| Randstad NV | 880,440 | 46,492 | |
| Aalberts NV | 796,120 | 38,277 | |
| Arcadis NV | 597,766 | 36,607 | |
| 1 | Signify NV | 1,034,062 | 31,833 |
| * | InPost SA | 1,683,573 | 25,930 |
| *,1 | Just Eat Takeaway.com NV | 1,602,306 | 23,680 |
| * | Fugro NV | 923,922 | 22,648 |
| OCI NV | 796,307 | 21,826 | |
| JDE Peet's NV | 999,232 | 20,989 | |
| Koninklijke Vopak NV | 539,594 | 20,810 | |
| SBM Offshore NV | 1,301,523 | 20,788 | |
| Allfunds Group plc | 2,775,561 | 20,017 | |
| 1 | CTP NV | 850,530 | 15,173 |
| TKH Group NV | 339,577 | 14,476 | |
| *,2 | Galapagos NV | 401,237 | 12,854 |
| APERAM SA | 357,342 | 11,296 | |
| Van Lanschot Kempen NV | 315,994 | 10,747 | |
| Shares | Market Value ($000) | ||
| Corbion NV | 489,916 | 10,474 | |
| *,1,2 | Alfen NV | 180,326 | 9,715 |
| *,1,2 | Basic-Fit NV | 435,520 | 9,714 |
| Koninklijke BAM Groep NV | 2,245,281 | 8,513 | |
| Eurocommercial Properties NV | 365,568 | 8,344 | |
| AMG Critical Materials NV | 260,986 | 5,927 | |
| Wereldhave NV | 363,346 | 5,656 | |
| Flow Traders Ltd. | 276,055 | 5,444 | |
| * | TomTom NV | 562,747 | 4,496 |
| Sligro Food Group NV | 274,380 | 4,152 | |
| 2 | PostNL NV | 2,944,630 | 4,010 |
| Vastned Retail NV | 139,291 | 3,372 | |
| NSI NV | 160,773 | 3,299 | |
| 2 | Brunel International NV | 161,212 | 1,771 |
| 1 | B&S Group SARL | 205,314 | 815 |
| 7,387,939 | |||
| New Zealand (0.3%) | |||
| Fisher & Paykel Healthcare Corp. Ltd. | 4,729,299 | 72,456 | |
| Auckland International Airport Ltd. | 10,839,443 | 54,098 | |
| Infratil Ltd. | 6,853,597 | 44,591 | |
| Spark New Zealand Ltd. | 15,000,692 | 42,708 | |
| Meridian Energy Ltd. | 10,260,850 | 36,236 | |
| Contact Energy Ltd. | 6,491,195 | 33,569 | |
| Mainfreight Ltd. | 665,116 | 27,695 | |
| EBOS Group Ltd. | 1,317,254 | 26,940 | |
| *,2 | a2 Milk Co. Ltd. | 5,898,549 | 23,906 |
| Mercury NZ Ltd. | 5,670,435 | 23,452 | |
| Fletcher Building Ltd. | 6,463,291 | 15,889 | |
| * | Ryman Healthcare Ltd. | 4,968,654 | 13,506 |
| Summerset Group Holdings Ltd. | 1,916,955 | 13,059 | |
| Goodman Property Trust | 9,051,453 | 12,331 | |
| SKYCITY Entertainment Group Ltd. | 6,327,901 | 7,873 | |
| Precinct Properties Group | 10,742,741 | 7,799 | |
| Freightways Group Ltd. | 1,399,153 | 7,401 | |
| Kiwi Property Group Ltd. | 13,653,644 | 6,856 | |
| Genesis Energy Ltd. | 4,297,630 | 6,320 | |
| Vital Healthcare Property Trust | 4,247,167 | 5,663 | |
| Vector Ltd. | 2,041,748 | 4,724 | |
| Argosy Property Ltd. | 6,787,968 | 4,566 | |
| Air New Zealand Ltd. | 12,311,716 | 4,449 | |
| Stride Property Group | 3,959,151 | 3,197 | |
| Oceania Healthcare Ltd. | 5,565,484 | 2,098 | |
| SKY Network Television Ltd. | 1,159,530 | 1,959 | |
| Scales Corp. Ltd. | 924,236 | 1,850 | |
| *,3 | Synlait Milk Ltd. | 714,990 | 321 |
| Chorus Ltd. | 7,389 | 34 | |
| 505,546 | |||
| Norway (0.7%) | |||
| Equinor ASA | 7,199,889 | 193,061 | |
| DNB Bank ASA | 8,341,317 | 165,805 | |
| Mowi ASA | 3,657,418 | 67,182 | |
| Aker BP ASA | 2,528,047 | 63,407 | |
| Norsk Hydro ASA | 10,990,332 | 60,396 | |
| Telenor ASA | 5,187,514 | 57,724 | |
| Orkla ASA | 6,280,105 | 44,355 | |
| Yara International ASA | 1,348,349 | 42,755 | |
| Kongsberg Gruppen ASA | 611,941 | 42,253 | |
| Shares | Market Value ($000) | ||
| Salmar ASA | 524,641 | 34,625 | |
| Storebrand ASA | 3,387,916 | 31,307 | |
| Subsea 7 SA | 1,953,234 | 31,242 | |
| TOMRA Systems ASA | 1,936,268 | 30,308 | |
| Bakkafrost P/F | 420,841 | 27,017 | |
| Frontline plc | 1,180,916 | 26,820 | |
| Schibsted ASA Class A | 777,263 | 24,873 | |
| * | Adevinta ASA | 2,229,453 | 23,384 |
| Var Energi ASA | 6,439,243 | 21,335 | |
| Gjensidige Forsikring ASA | 1,399,109 | 20,307 | |
| Schibsted ASA Class B | 648,673 | 19,693 | |
| SpareBank 1 SR-Bank ASA | 1,520,362 | 19,122 | |
| *,1 | AutoStore Holdings Ltd. | 8,877,809 | 16,421 |
| Borregaard ASA | 819,681 | 14,299 | |
| Hafnia Ltd. | 2,024,176 | 13,965 | |
| SpareBank 1 SMN | 1,042,000 | 13,264 | |
| Golden Ocean Group Ltd. | 1,005,483 | 12,654 | |
| * | Nordic Semiconductor ASA | 1,543,180 | 12,277 |
| TGS ASA | 1,078,295 | 11,889 | |
| Protector Forsikring ASA | 557,345 | 11,674 | |
| Borr Drilling Ltd. | 1,805,033 | 11,590 | |
| Aker ASA Class A | 197,755 | 11,362 | |
| Leroy Seafood Group ASA | 2,310,615 | 10,187 | |
| 1 | Europris ASA | 1,365,549 | 9,834 |
| Veidekke ASA | 890,789 | 9,682 | |
| * | Cadeler A/S | 1,660,685 | 8,135 |
| Atea ASA | 667,711 | 7,994 | |
| 1 | BW LPG Ltd. | 692,964 | 7,731 |
| Aker Solutions ASA | 2,153,893 | 7,726 | |
| Hoegh Autoliners ASA | 902,916 | 7,707 | |
| Wallenius Wilhelmsen ASA | 848,276 | 6,939 | |
| Stolt-Nielsen Ltd. | 185,793 | 6,857 | |
| 1 | Scatec ASA | 967,200 | 6,438 |
| DNO ASA | 7,062,281 | 6,397 | |
| *,2 | NEL ASA | 13,766,400 | 6,137 |
| 1 | Entra ASA | 575,266 | 5,980 |
| FLEX LNG Ltd. | 238,794 | 5,959 | |
| Austevoll Seafood ASA | 739,531 | 5,818 | |
| *,1 | Crayon Group Holding ASA | 671,946 | 4,936 |
| 1 | Elkem ASA | 2,450,285 | 4,829 |
| MPC Container Ships ASA | 3,028,372 | 3,509 | |
| Wilh Wilhelmsen Holding ASA Class A | 106,585 | 3,431 | |
| Grieg Seafood ASA | 455,078 | 2,851 | |
| Bonheur ASA | 84,147 | 1,860 | |
| BW Offshore Ltd. | 702,984 | 1,757 | |
| Hexagon Composites ASA | 996,007 | 1,725 | |
| * | Aker Carbon Capture ASA | 2,683,301 | 1,437 |
| * | BW Energy Ltd. | 583,196 | 1,432 |
| 1,323,654 | |||
| Poland (0.3%) | |||
| Powszechna Kasa Oszczednosci Bank Polski SA | 7,053,771 | 104,661 | |
| ORLEN SA | 4,774,010 | 77,758 | |
| Bank Polska Kasa Opieki SA | 1,294,805 | 58,841 | |
| Powszechny Zaklad Ubezpieczen SA | 4,645,323 | 56,737 | |
| Santander Bank Polska SA | 274,978 | 39,155 | |
| *,1 | Dino Polska SA | 397,539 | 38,566 |
| LPP SA | 9,182 | 35,144 | |
| *,1 | Allegro.eu SA | 4,111,976 | 34,051 |
| Shares | Market Value ($000) | ||
| KGHM Polska Miedz SA | 1,132,902 | 32,355 | |
| * | mBank SA | 106,459 | 19,707 |
| * | Alior Bank SA | 760,418 | 18,617 |
| Budimex SA | 104,873 | 18,375 | |
| KRUK SA | 144,299 | 15,977 | |
| 2 | CD Projekt SA | 534,391 | 15,636 |
| Grupa Kety SA | 80,607 | 15,334 | |
| * | PGE Polska Grupa Energetyczna SA | 7,230,187 | 13,026 |
| * | Bank Millennium SA | 4,976,139 | 12,843 |
| Orange Polska SA | 5,459,620 | 11,072 | |
| Asseco Poland SA | 433,188 | 8,403 | |
| Benefit Systems SA | 11,738 | 8,306 | |
| 2 | Bank Handlowy w Warszawie SA | 267,364 | 7,264 |
| *,2 | CCC SA | 372,383 | 6,656 |
| * | Tauron Polska Energia SA | 7,761,198 | 5,945 |
| * | Pepco Group NV | 1,209,769 | 5,452 |
| * | Enea SA | 2,080,712 | 4,876 |
| *,2 | Jastrzebska Spolka Weglowa SA | 415,290 | 3,860 |
| * | AmRest Holdings SE | 579,611 | 3,537 |
| *,2 | Cyfrowy Polsat SA | 1,220,416 | 3,280 |
| Warsaw Stock Exchange | 213,298 | 2,261 | |
| *,2 | Grupa Azoty SA | 372,022 | 2,076 |
| 679,771 | |||
| Portugal (0.2%) | |||
| EDP - Energias de Portugal SA | 24,907,126 | 97,178 | |
| Galp Energia SGPS SA | 3,588,265 | 59,322 | |
| Jeronimo Martins SGPS SA | 2,277,380 | 45,184 | |
| EDP Renovaveis SA | 2,443,973 | 33,097 | |
| * | Banco Comercial Portugues SA Class R | 63,532,103 | 21,432 |
| Navigator Co. SA | 2,077,681 | 9,085 | |
| REN - Redes Energeticas Nacionais SGPS SA | 3,128,233 | 7,430 | |
| Sonae SGPS SA | 7,312,464 | 6,940 | |
| NOS SGPS SA | 1,599,545 | 6,256 | |
| *,2 | Greenvolt-Energias Renovaveis SA | 533,246 | 4,696 |
| Mota-Engil SGPS SA | 687,487 | 3,571 | |
| CTT-Correios de Portugal SA | 738,537 | 3,291 | |
| Altri SGPS SA | 578,010 | 3,259 | |
| Corticeira Amorim SGPS SA | 261,808 | 2,776 | |
| Semapa-Sociedade de Investimento e Gestao | 116,733 | 1,877 | |
| 305,394 | |||
| Singapore (1.0%) | |||
| DBS Group Holdings Ltd. | 15,000,538 | 400,332 | |
| Oversea-Chinese Banking Corp. Ltd. | 29,040,131 | 290,165 | |
| United Overseas Bank Ltd. | 10,041,549 | 218,303 | |
| Singapore Telecommunications Ltd. | 62,187,493 | 116,870 | |
| Keppel Ltd. | 11,477,273 | 62,368 | |
| CapitaLand Integrated Commercial Trust | 41,979,737 | 61,553 | |
| CapitaLand Ascendas REIT | 29,501,428 | 60,516 | |
| Singapore Airlines Ltd. | 11,351,453 | 53,800 | |
| Singapore Exchange Ltd. | 6,781,469 | 46,279 | |
| Wilmar International Ltd. | 17,248,600 | 43,814 | |
| Capitaland Investment Ltd. | 20,833,430 | 41,341 | |
| Singapore Technologies Engineering Ltd. | 12,537,080 | 37,327 | |
| Genting Singapore Ltd. | 47,983,428 | 31,469 | |
| Sembcorp Industries Ltd. | 7,515,913 | 30,046 | |
| Mapletree Logistics Trust | 27,164,302 | 29,370 | |
| Mapletree Industrial Trust | 16,303,949 | 28,252 | |
| Shares | Market Value ($000) | ||
| Thai Beverage PCL | 67,248,900 | 24,403 | |
| Venture Corp. Ltd. | 2,200,336 | 23,256 | |
| * | Seatrium Ltd. | 334,803,907 | 19,567 |
| Frasers Logistics & Commercial Trust | 23,810,634 | 18,687 | |
| Mapletree Pan Asia Commercial Trust | 19,117,182 | 18,120 | |
| ComfortDelGro Corp. Ltd. | 16,959,759 | 17,581 | |
| UOL Group Ltd. | 4,094,058 | 17,430 | |
| City Developments Ltd. | 3,833,389 | 16,606 | |
| NetLink NBN Trust | 24,384,344 | 15,440 | |
| Jardine Cycle & Carriage Ltd. | 823,918 | 14,752 | |
| Frasers Centrepoint Trust | 8,967,183 | 14,544 | |
| CapitaLand Ascott Trust | 20,507,586 | 14,348 | |
| * | SATS Ltd. | 7,338,303 | 14,132 |
| Suntec REIT | 17,469,981 | 13,972 | |
| Keppel DC REIT | 10,514,372 | 13,467 | |
| Keppel REIT | 20,015,072 | 12,896 | |
| Keppel Infrastructure Trust | 33,038,081 | 12,111 | |
| ESR-LOGOS REIT | 50,314,057 | 10,990 | |
| Golden Agri-Resources Ltd. | 45,183,300 | 9,037 | |
| Parkway Life REIT | 3,217,066 | 8,338 | |
| Olam Group Ltd. | 9,564,310 | 7,936 | |
| Sheng Siong Group Ltd. | 5,757,973 | 6,525 | |
| iFAST Corp. Ltd. | 1,321,069 | 6,519 | |
| Capitaland India Trust | 8,118,294 | 6,313 | |
| Lendlease Global Commercial REIT | 14,441,767 | 6,202 | |
| Raffles Medical Group Ltd. | 7,668,994 | 5,908 | |
| PARAGON REIT | 8,903,493 | 5,506 | |
| CDL Hospitality Trusts | 6,976,712 | 5,270 | |
| 2 | CapitaLand China Trust | 9,663,248 | 5,261 |
| Hutchison Port Holdings Trust | 41,695,924 | 5,248 | |
| AIMS APAC REIT | 5,433,913 | 5,150 | |
| Starhill Global REIT | 12,478,870 | 4,436 | |
| StarHub Ltd. | 5,038,374 | 4,403 | |
| First Resources Ltd. | 4,088,332 | 4,148 | |
| Cromwell European REIT | 2,640,526 | 3,930 | |
| Singapore Post Ltd. | 12,343,168 | 3,840 | |
| UMS Holdings Ltd. | 3,771,192 | 3,770 | |
| Digital Core REIT Management Pte. Ltd. | 6,191,170 | 3,714 | |
| Far East Hospitality Trust | 7,781,059 | 3,688 | |
| OUE REIT | 17,747,835 | 3,679 | |
| AEM Holdings Ltd. | 2,177,330 | 3,532 | |
| SIA Engineering Co. Ltd. | 1,849,016 | 3,095 | |
| Riverstone Holdings Ltd. | 4,632,573 | 2,917 | |
| First REIT | 9,128,516 | 1,758 | |
| Bumitama Agri Ltd. | 2,741,008 | 1,391 | |
| Keppel Pacific Oak US REIT | 7,131,557 | 1,084 | |
| * | Manulife US REIT | 13,166,219 | 1,014 |
| Silverlake Axis Ltd. | 6,045,926 | 985 | |
| *,2 | COSCO Shipping International Singapore Co. Ltd. | 7,561,216 | 812 |
| Prime US REIT | 5,871,564 | 799 | |
| Nanofilm Technologies International Ltd. | 1,506,479 | 797 | |
| *,2,3 | Ezra Holdings Ltd. | 9,329,900 | 76 |
| *,3 | Eagle Hospitality Trust | 4,532,200 | — |
| 1,981,188 | |||
| South Korea (4.5%) | |||
| Samsung Electronics Co. Ltd. (XKRX) | 39,387,642 | 2,410,802 | |
| SK Hynix Inc. | 4,453,599 | 589,992 | |
| Hyundai Motor Co. | 1,135,713 | 199,850 | |
| Shares | Market Value ($000) | ||
| POSCO Holdings Inc. | 617,485 | 193,414 | |
| Celltrion Inc. | 1,380,191 | 188,474 | |
| Kia Corp. | 2,014,194 | 167,398 | |
| NAVER Corp. | 1,185,091 | 164,642 | |
| KB Financial Group Inc. | 3,147,482 | 164,480 | |
| Samsung SDI Co. Ltd. (XKRX) | 431,751 | 153,122 | |
| Shinhan Financial Group Co. Ltd. | 4,067,915 | 143,496 | |
| LG Chem Ltd. (XKRX) | 389,859 | 127,603 | |
| Hyundai Mobis Co. Ltd. | 551,553 | 107,077 | |
| Kakao Corp. | 2,498,179 | 100,978 | |
| *,2 | LG Energy Solution Ltd. | 328,931 | 97,989 |
| Hana Financial Group Inc. | 2,164,664 | 94,764 | |
| *,1 | Samsung Biologics Co. Ltd. | 145,747 | 90,207 |
| Samsung C&T Corp. | 689,747 | 82,024 | |
| 2 | Ecopro BM Co. Ltd. | 376,702 | 77,754 |
| 2 | Ecopro Co. Ltd. | 157,675 | 77,037 |
| * | HLB Inc. | 883,174 | 71,916 |
| LG Electronics Inc. (XKRX) | 881,518 | 63,368 | |
| Samsung Fire & Marine Insurance Co. Ltd. | 265,403 | 60,950 | |
| Woori Financial Group Inc. | 5,428,181 | 58,881 | |
| KT&G Corp. | 822,791 | 57,267 | |
| 2 | POSCO Future M Co. Ltd. | 234,403 | 52,711 |
| Samsung Electro-Mechanics Co. Ltd. | 457,257 | 50,948 | |
| LG Corp. | 730,301 | 47,506 | |
| * | SK Square Co. Ltd. | 783,122 | 45,810 |
| * | Doosan Enerbility Co. Ltd. | 3,497,188 | 45,475 |
| Meritz Financial Group Inc. | 731,136 | 44,457 | |
| * | Krafton Inc. | 236,727 | 43,964 |
| Hanwha Aerospace Co. Ltd. | 284,490 | 43,882 | |
| Samsung Life Insurance Co. Ltd. | 609,480 | 43,236 | |
| * | SK Innovation Co. Ltd. | 490,518 | 43,206 |
| * | Alteogen Inc. | 279,991 | 43,173 |
| SK Inc. | 292,086 | 39,622 | |
| KakaoBank Corp. | 1,763,954 | 36,841 | |
| Samsung SDS Co. Ltd. | 298,774 | 36,303 | |
| Hanmi Semiconductor Co. Ltd. | 364,699 | 36,291 | |
| Korea Electric Power Corp. | 2,101,892 | 34,563 | |
| * | Samsung Heavy Industries Co. Ltd. | 5,357,832 | 34,318 |
| * | Korea Shipbuilding & Offshore Engineering Co. Ltd. | 353,779 | 31,610 |
| Korea Zinc Co. Ltd. | 88,120 | 29,739 | |
| HYBE Co. Ltd. | 170,146 | 28,946 | |
| HMM Co. Ltd. | 2,398,908 | 28,060 | |
| L&F Co. Ltd. | 203,510 | 26,646 | |
| DB Insurance Co. Ltd. | 365,931 | 26,175 | |
| Yuhan Corp. | 453,460 | 26,071 | |
| Korean Air Lines Co. Ltd. | 1,510,826 | 24,325 | |
| * | Samsung Engineering Co. Ltd. | 1,291,983 | 24,200 |
| Hankook Tire & Technology Co. Ltd. | 601,964 | 24,188 | |
| HD Hyundai Electric Co Ltd. | 179,936 | 23,940 | |
| * | Kum Yang Co. Ltd. | 280,345 | 23,521 |
| Industrial Bank of Korea | 2,264,612 | 23,489 | |
| LG H&H Co. Ltd. (XKRX) | 77,999 | 22,407 | |
| * | CosmoAM&T Co. Ltd. | 182,325 | 21,987 |
| Amorepacific Corp. | 243,342 | 21,910 | |
| Korea Aerospace Industries Ltd. | 575,505 | 21,541 | |
| * | LG Display Co. Ltd. | 2,673,408 | 21,017 |
| Hyundai Glovis Co. Ltd. | 152,239 | 20,433 | |
| NCSoft Corp. | 130,453 | 19,956 |
| Shares | Market Value ($000) | ||
| S-Oil Corp. | 337,280 | 19,535 | |
| Coway Co. Ltd. | 465,129 | 19,442 | |
| HD Hyundai Co. Ltd. | 346,556 | 17,735 | |
| Hanwha Solutions Corp. | 853,916 | 17,535 | |
| LG Innotek Co. Ltd. | 115,246 | 16,921 | |
| Hyundai Steel Co. | 687,892 | 16,260 | |
| Doosan Bobcat Inc. | 404,905 | 16,246 | |
| Hanmi Pharm Co. Ltd. | 63,364 | 16,101 | |
| * | SK Biopharmaceuticals Co. Ltd. | 230,889 | 15,865 |
| Samsung Securities Co. Ltd. | 519,901 | 15,721 | |
| 2 | Posco DX Co. Ltd. | 433,008 | 15,630 |
| Korea Investment Holdings Co. Ltd. | 314,816 | 15,586 | |
| Hyundai Rotem Co. Ltd. | 594,771 | 15,206 | |
| Hyundai Engineering & Construction Co. Ltd. | 593,815 | 14,684 | |
| Posco International Corp. | 371,373 | 14,680 | |
| LEENO Industrial Inc. | 74,742 | 14,353 | |
| Kumho Petrochemical Co. Ltd. | 135,081 | 14,092 | |
| * | Hyundai Heavy Industries Co. Ltd. | 154,952 | 13,658 |
| CJ CheilJedang Corp. (XKRX) | 62,766 | 13,616 | |
| * | Celltrion Pharm Inc. | 174,605 | 13,450 |
| BNK Financial Group Inc. | 2,260,598 | 13,392 | |
| Lotte Chemical Corp. | 149,757 | 13,351 | |
| *,2 | SKC Co. Ltd. | 149,769 | 13,310 |
| GS Holdings Corp. | 369,684 | 13,304 | |
| Mirae Asset Securities Co. Ltd. | 2,149,644 | 12,978 | |
| IsuPetasys Co. Ltd. | 386,423 | 12,900 | |
| LG Uplus Corp. | 1,726,395 | 12,885 | |
| * | Hanwha Ocean Co. Ltd. | 595,742 | 12,139 |
| Orion Corp.Republic of Korea | 176,935 | 12,073 | |
| Fila Holdings Corp. | 420,772 | 11,983 | |
| LS Corp. | 140,137 | 11,882 | |
| JYP Entertainment Corp. | 222,349 | 11,719 | |
| 2 | LIG Nex1 Co. Ltd. | 89,028 | 11,694 |
| * | LegoChem Biosciences Inc. | 211,826 | 11,652 |
| * | Sam Chun Dang Pharm Co. Ltd. | 113,727 | 11,603 |
| Hotel Shilla Co. Ltd. | 254,643 | 11,461 | |
| 2 | Hanjin Kal Corp. | 259,187 | 11,434 |
| *,1 | SK IE Technology Co. Ltd. | 210,387 | 11,427 |
| JB Financial Group Co. Ltd. | 1,175,103 | 11,395 | |
| * | HLB Life Science Co. Ltd. | 694,172 | 11,032 |
| Hyundai Marine & Fire Insurance Co. Ltd. | 477,026 | 10,926 | |
| Hyosung Heavy Industries Corp. | 52,857 | 10,885 | |
| * | Enchem Co. Ltd. | 60,303 | 10,592 |
| HPSP Co. Ltd. | 265,107 | 10,532 | |
| Kangwon Land Inc. | 859,103 | 10,475 | |
| Hansol Chemical Co. Ltd. | 66,921 | 9,989 | |
| NH Investment & Securities Co. Ltd. | 1,110,578 | 9,734 | |
| KIWOOM Securities Co. Ltd. | 105,864 | 9,698 | |
| 2 | Eo Technics Co. Ltd. | 67,551 | 9,644 |
| * | CJ Corp. | 105,960 | 9,612 |
| Shinsung Delta Tech Co. Ltd. | 118,155 | 9,495 | |
| LS Electric Co. Ltd. | 125,051 | 9,136 | |
| * | SK Bioscience Co. Ltd. | 195,018 | 8,947 |
| * | Rainbow Robotics | 64,392 | 8,886 |
| OCI Holdings Co. Ltd. | 125,743 | 8,784 | |
| DB HiTek Co. Ltd. | 268,186 | 8,747 | |
| Hanwha Corp. (XKRX) | 408,321 | 8,554 | |
| * | Hanall Biopharma Co. Ltd. | 302,069 | 8,545 |
| Shares | Market Value ($000) | ||
| Dongjin Semichem Co. Ltd. | 239,567 | 8,302 | |
| * | ISU Specialty Chemical | 30,620 | 8,295 |
| *,1 | Netmarble Corp. | 176,975 | 8,292 |
| DGB Financial Group Inc. | 1,266,372 | 8,189 | |
| * | E-MART Inc. | 158,999 | 8,068 |
| Cheil Worldwide Inc. | 574,463 | 7,967 | |
| * | Hyundai Mipo Dockyard Co. Ltd. | 164,582 | 7,675 |
| 2 | WONIK IPS Co. Ltd. | 281,744 | 7,641 |
| * | Lunit Inc. | 174,978 | 7,633 |
| Jusung Engineering Co. Ltd. | 272,969 | 7,544 | |
| Soulbrain Co. Ltd. | 33,878 | 7,371 | |
| NongShim Co. Ltd. | 26,395 | 7,303 | |
| Youngone Corp. | 241,864 | 7,276 | |
| DL E&C Co. Ltd. | 265,814 | 7,267 | |
| Hyundai Doosan Infracore Co. Ltd. | 1,125,670 | 7,168 | |
| Shinsegae Inc. | 56,544 | 7,153 | |
| 2 | Koh Young Technology Inc. | 490,406 | 7,109 |
| S-1 Corp. | 156,083 | 7,088 | |
| Samsung Card Co. Ltd. | 244,167 | 6,973 | |
| F&F Co. Ltd. | 130,275 | 6,942 | |
| HL Mando Co. Ltd. | 265,029 | 6,717 | |
| Hanmi Science Co. Ltd. | 202,149 | 6,669 | |
| Lotte Energy Materials Corp. | 179,353 | 6,655 | |
| KCC Corp. | 33,685 | 6,624 | |
| 2 | ISC Co. Ltd. | 88,864 | 6,572 |
| * | Hugel Inc. | 44,882 | 6,434 |
| Advanced Nano Products Co. Ltd. | 64,830 | 6,365 | |
| Hanwha Life Insurance Co. Ltd. | 2,940,622 | 6,341 | |
| Pan Ocean Co. Ltd. | 2,001,330 | 6,331 | |
| 2 | Hana Micron Inc. | 293,861 | 6,321 |
| Hyosung Advanced Materials Corp. | 24,893 | 6,313 | |
| CS Wind Corp. | 163,299 | 6,303 | |
| * | SOLUM Co. Ltd. | 343,094 | 6,291 |
| Hanwha Systems Co. Ltd. | 490,541 | 6,276 | |
| Wemade Co. Ltd. | 139,402 | 6,267 | |
| * | Cosmochemical Co. Ltd. | 224,296 | 6,257 |
| TCC Steel | 138,328 | 6,211 | |
| * | HLB Therapeutics Co. Ltd. | 560,652 | 6,108 |
| Hyundai Autoever Corp. | 54,737 | 5,998 | |
| CJ Logistics Corp. | 67,262 | 5,982 | |
| * | Pearl Abyss Corp. | 265,095 | 5,969 |
| * | Kakao Games Corp. | 342,001 | 5,935 |
| Hanon Systems | 1,327,072 | 5,898 | |
| Poongsan Corp. | 157,767 | 5,897 | |
| SM Entertainment Co. Ltd. | 92,412 | 5,864 | |
| Korean Reinsurance Co. | 946,512 | 5,846 | |
| Hyosung TNC Corp. | 25,375 | 5,817 | |
| AfreecaTV Co. Ltd. | 63,579 | 5,817 | |
| BGF retail Co. Ltd. | 66,875 | 5,809 | |
| * | Lake Materials Co. Ltd. | 304,400 | 5,744 |
| GS Engineering & Construction Corp. | 503,207 | 5,674 | |
| * | Oscotec Inc. | 270,781 | 5,668 |
| Cosmax Inc. | 62,480 | 5,630 | |
| * | Hyundai Wia Corp. | 131,048 | 5,541 |
| Ecopro HN Co. Ltd. | 89,701 | 5,519 | |
| Daejoo Electronic Materials Co. Ltd. | 78,643 | 5,470 | |
| 2 | Hyundai Elevator Co. Ltd. | 177,383 | 5,460 |
| Dentium Co. Ltd. | 54,303 | 5,441 |
| Shares | Market Value ($000) | ||
| LX Semicon Co. Ltd. | 90,524 | 5,392 | |
| Classys Inc. | 204,246 | 5,391 | |
| *,2 | W Scope Chungju Plant Co. Ltd. | 179,983 | 5,373 |
| Chong Kun Dang Pharmaceutical Corp. | 63,076 | 5,324 | |
| 2 | Samyang Foods Co. Ltd. | 33,434 | 5,270 |
| * | Doosan Co. Ltd. | 46,510 | 5,230 |
| *,2 | Chabiotech Co. Ltd. | 356,382 | 5,105 |
| KEPCO Engineering & Construction Co. Inc. | 102,854 | 5,069 | |
| * | CJ ENM Co. Ltd. | 86,395 | 5,031 |
| Lotte Shopping Co. Ltd. | 91,331 | 4,990 | |
| * | Kakaopay Corp. | 170,687 | 4,938 |
| HDC Hyundai Development Co-Engineering & Construction | 370,222 | 4,935 | |
| * | Kumho Tire Co. Inc. | 1,111,966 | 4,933 |
| ST Pharm Co. Ltd. | 73,156 | 4,908 | |
| Green Cross Corp. | 51,956 | 4,831 | |
| GS Retail Co. Ltd. | 314,950 | 4,783 | |
| Daeduck Electronics Co. Ltd. | 267,329 | 4,747 | |
| KEPCO Plant Service & Engineering Co. Ltd. | 175,128 | 4,725 | |
| 2 | Kolmar Korea Co. Ltd. | 132,422 | 4,674 |
| People & Technology Inc. | 147,731 | 4,632 | |
| * | Hyundai Bioscience Co. Ltd. | 295,942 | 4,620 |
| * | Daewoo Engineering & Construction Co. Ltd. | 1,636,794 | 4,537 |
| Medytox Inc. | 40,653 | 4,453 | |
| Douzone Bizon Co. Ltd. | 140,873 | 4,391 | |
| * | Synopex Inc. | 637,257 | 4,386 |
| Lotte Corp. | 211,856 | 4,381 | |
| S&S Tech Corp. | 129,012 | 4,319 | |
| Hyundai Department Store Co. Ltd. | 111,940 | 4,316 | |
| LOTTE Fine Chemical Co. Ltd. | 122,347 | 4,308 | |
| Kolon Industries Inc. | 152,272 | 4,300 | |
| * | Hana Tour Service Inc. | 89,707 | 4,280 |
| Hyundai Construction Equipment Co. Ltd. | 98,326 | 4,277 | |
| * | Creative & Innovative System | 437,132 | 4,274 |
| Sam-A Aluminum Co. Ltd. | 67,066 | 4,253 | |
| * | Korea Gas Corp. | 208,714 | 4,224 |
| 2 | SK Networks Co. Ltd. | 926,325 | 4,211 |
| SK REITs Co. Ltd. | 1,382,168 | 4,198 | |
| AMOREPACIFIC Group | 207,673 | 4,182 | |
| Park Systems Corp. | 36,972 | 4,174 | |
| * | Mezzion Pharma Co. Ltd. | 138,868 | 4,129 |
| Hyosung Corp. | 87,992 | 4,068 | |
| * | Bioneer Corp. | 179,812 | 4,038 |
| DL Holdings Co. Ltd. | 103,048 | 4,012 | |
| Paradise Co. Ltd. | 372,930 | 3,964 | |
| Seegene Inc. | 213,655 | 3,908 | |
| *,2 | Doosan Fuel Cell Co. Ltd. | 252,522 | 3,861 |
| * | ABLBio Inc. | 206,885 | 3,845 |
| SK Chemicals Co. Ltd. | 81,503 | 3,829 | |
| Hite Jinro Co. Ltd. | 246,363 | 3,750 | |
| PharmaResearch Co. Ltd. | 50,655 | 3,735 | |
| Sebang Global Battery Co. Ltd. | 62,788 | 3,670 | |
| LX International Corp. | 185,031 | 3,650 | |
| Daewoong Pharmaceutical Co. Ltd. | 40,163 | 3,644 | |
| *,2 | Taihan Electric Wire Co. Ltd. | 468,838 | 3,574 |
| Ottogi Corp. | 12,042 | 3,565 | |
| 2 | SIMMTECH Co. Ltd. | 153,694 | 3,519 |
| Eugene Technology Co. Ltd. | 105,937 | 3,350 | |
| HAESUNG DS Co. Ltd. | 87,196 | 3,304 |
| Shares | Market Value ($000) | ||
| ESR Kendall Square REIT Co. Ltd. | 1,007,813 | 3,299 | |
| HK inno N Corp. | 116,264 | 3,285 | |
| Dongsuh Cos. Inc. | 254,360 | 3,241 | |
| * | Shin Poong Pharmaceutical Co. Ltd. | 273,693 | 3,217 |
| Peptron Inc. | 151,513 | 3,191 | |
| * | KMW Co. Ltd. | 247,844 | 3,107 |
| NEXTIN Inc. | 59,653 | 3,096 | |
| Daou Technology Inc. | 196,567 | 3,095 | |
| Innocean Worldwide Inc. | 185,190 | 3,079 | |
| SL Corp. | 129,169 | 3,053 | |
| Green Cross Holdings Corp. | 233,167 | 3,006 | |
| * | Fadu Inc. | 241,234 | 2,997 |
| * | Doosan Tesna Inc. | 79,967 | 2,996 |
| Solus Advanced Materials Co. Ltd. | 228,324 | 2,977 | |
| YG Entertainment Inc. | 86,996 | 2,974 | |
| Tokai Carbon Korea Co. Ltd. | 34,135 | 2,945 | |
| SD Biosensor Inc. | 334,620 | 2,942 | |
| 2 | Youlchon Chemical Co. Ltd. | 105,108 | 2,937 |
| * | Posco M-Tech Co. Ltd. | 168,706 | 2,881 |
| * | Naturecell Co. Ltd. | 393,193 | 2,879 |
| * | Seojin System Co. Ltd. | 151,543 | 2,847 |
| JW Pharmaceutical Corp. | 114,506 | 2,827 | |
| Lotte Chilsung Beverage Co. Ltd. | 29,711 | 2,823 | |
| JR Global REIT | 907,788 | 2,811 | |
| SK Discovery Co. Ltd. | 84,272 | 2,801 | |
| * | Duk San Neolux Co. Ltd. | 99,290 | 2,801 |
| DoubleUGames Co. Ltd. | 88,577 | 2,788 | |
| Youngone Holdings Co. Ltd. | 42,817 | 2,747 | |
| * | SFA Semicon Co. Ltd. | 596,135 | 2,681 |
| * | Sungeel Hitech Co. Ltd. | 39,447 | 2,680 |
| Hankook & Co. Co. Ltd. | 222,287 | 2,669 | |
| DongKook Pharmaceutical Co. Ltd. | 210,088 | 2,665 | |
| Shinhan Alpha REIT Co. Ltd. | 533,710 | 2,663 | |
| Korea Electric Terminal Co. Ltd. | 57,570 | 2,650 | |
| * | Hanwha Investment & Securities Co. Ltd. | 884,332 | 2,637 |
| Jeisys Medical Inc. | 432,544 | 2,601 | |
| * | Eubiologics Co. Ltd. | 288,124 | 2,596 |
| Myoung Shin Industrial Co. Ltd. | 223,623 | 2,594 | |
| 2 | Taekwang Industrial Co. Ltd. | 4,459 | 2,544 |
| Daishin Securities Co. Ltd. | 217,239 | 2,540 | |
| Intellian Technologies Inc. | 57,678 | 2,530 | |
| TKG Huchems Co. Ltd. | 169,309 | 2,522 | |
| BH Co. Ltd. | 199,511 | 2,508 | |
| Sungwoo Hitech Co. Ltd. | 354,206 | 2,490 | |
| OCI Co. Ltd. | 39,002 | 2,487 | |
| * | Asiana Airlines Inc. | 297,936 | 2,458 |
| 2 | Foosung Co. Ltd. | 413,437 | 2,449 |
| * | Amicogen Inc. | 405,229 | 2,435 |
| NHN Corp. | 128,990 | 2,419 | |
| SFA Engineering Corp. | 126,528 | 2,404 | |
| *,2 | GemVax & Kael Co. Ltd. | 273,794 | 2,391 |
| Samyang Holdings Corp. | 44,789 | 2,376 | |
| Com2uSCorp | 74,763 | 2,356 | |
| * | BNC Korea Co. Ltd. | 409,466 | 2,356 |
| Daewoong Co. Ltd. | 152,538 | 2,348 | |
| 2 | Ahnlab Inc. | 47,034 | 2,335 |
| Korea Petrochemical Ind Co. Ltd. | 23,692 | 2,331 | |
| *,2 | Dawonsys Co. Ltd. | 226,056 | 2,288 |
| Shares | Market Value ($000) | ||
| KC Tech Co. Ltd. | 72,604 | 2,288 | |
| Dong-A Socio Holdings Co. Ltd. | 26,159 | 2,285 | |
| Hyundai Home Shopping Network Corp. | 58,812 | 2,280 | |
| LOTTE REIT Co. Ltd. | 944,160 | 2,276 | |
| MegaStudyEdu Co. Ltd. | 54,395 | 2,276 | |
| IS Dongseo Co. Ltd. | 103,633 | 2,270 | |
| KCC Glass Corp. | 74,109 | 2,268 | |
| * | Binex Co. Ltd. | 188,103 | 2,260 |
| Boryung | 229,689 | 2,254 | |
| Dongkuk Steel Mill Co. Ltd. | 261,947 | 2,242 | |
| Innox Advanced Materials Co. Ltd. | 102,772 | 2,240 | |
| * | SK oceanplant Co. Ltd. | 227,391 | 2,235 |
| Daesang Corp. | 153,429 | 2,234 | |
| Seoul Semiconductor Co. Ltd. | 291,480 | 2,214 | |
| 2 | GC Cell Corp. | 71,515 | 2,210 |
| SK Gas Ltd. | 19,649 | 2,196 | |
| Hanwha General Insurance Co. Ltd. | 640,267 | 2,164 | |
| *,2 | Lotte Tour Development Co. Ltd. | 298,302 | 2,158 |
| Hancom Inc. | 134,647 | 2,156 | |
| Chunbo Co. Ltd. | 32,978 | 2,151 | |
| * | Jeju Air Co. Ltd. | 257,856 | 2,149 |
| Hanjin Transportation Co. Ltd. | 125,610 | 2,143 | |
| INTOPS Co. Ltd. | 93,623 | 2,124 | |
| * | Shinsung E&G Co. Ltd. | 1,285,227 | 2,113 |
| Han Kuk Carbon Co. Ltd. | 260,169 | 2,078 | |
| i-SENS Inc. | 139,123 | 2,070 | |
| * | CJ CGV Co. Ltd. | 496,330 | 2,050 |
| Partron Co. Ltd. | 349,986 | 2,048 | |
| Soulbrain Holdings Co. Ltd. | 46,034 | 2,045 | |
| Hanssem Co. Ltd. | 55,645 | 2,026 | |
| Dong-A ST Co. Ltd. | 36,449 | 2,024 | |
| * | HLB Global Co. Ltd. | 318,524 | 2,002 |
| Caregen Co. Ltd. | 116,592 | 1,975 | |
| NICE Information Service Co. Ltd. | 254,952 | 1,935 | |
| * | Pharmicell Co. Ltd. | 411,857 | 1,912 |
| * | Vaxcell-Bio Therapeutics Co. Ltd. | 121,364 | 1,853 |
| Mcnex Co. Ltd. | 98,169 | 1,849 | |
| SNT Motiv Co. Ltd. | 55,100 | 1,840 | |
| Lotte Wellfood Co. Ltd. | 20,027 | 1,825 | |
| * | Sambu Engineering & Construction Co. Ltd. | 1,226,698 | 1,817 |
| Unid Co. Ltd. | 29,949 | 1,809 | |
| LX Holdings Corp. | 347,614 | 1,805 | |
| Lotte Rental Co. Ltd. | 87,338 | 1,801 | |
| *,2 | Nexon Games Co. Ltd. | 174,329 | 1,797 |
| * | Genexine Inc. | 264,221 | 1,775 |
| Solid Inc. | 380,681 | 1,775 | |
| Harim Holdings Co. Ltd. | 354,252 | 1,773 | |
| InBody Co. Ltd. | 79,017 | 1,733 | |
| * | MedPacto Inc. | 176,623 | 1,726 |
| Binggrae Co. Ltd. | 42,426 | 1,716 | |
| *,2 | NEPES Corp. | 134,920 | 1,711 |
| *,2 | Ananti Inc. | 356,731 | 1,701 |
| Orion Holdings Corp. | 161,210 | 1,693 | |
| * | Studio Dragon Corp. | 49,538 | 1,690 |
| 2 | PI Advanced Materials Co. Ltd. | 102,816 | 1,677 |
| NHN KCP Corp. | 181,462 | 1,675 | |
| * | STCUBE | 354,654 | 1,673 |
| L&C Bio Co. Ltd. | 95,248 | 1,666 |
| Shares | Market Value ($000) | ||
| Handsome Co. Ltd. | 110,768 | 1,646 | |
| Nexen Tire Corp. | 264,890 | 1,638 | |
| HDC Holdings Co. Ltd. | 269,923 | 1,627 | |
| 2 | RFHIC Corp. | 129,772 | 1,625 |
| TES Co. Ltd. | 108,066 | 1,623 | |
| 2 | Yunsung F&C Co. Ltd. | 25,961 | 1,615 |
| Namyang Dairy Products Co. Ltd. | 3,679 | 1,599 | |
| LF Corp. | 139,267 | 1,593 | |
| * | AbClon Inc. | 109,361 | 1,585 |
| * | Korea Line Corp. | 1,113,049 | 1,584 |
| Eugene Investment & Securities Co. Ltd. | 501,710 | 1,577 | |
| * | CrystalGenomics Invites Co. Ltd. | 584,877 | 1,573 |
| Webzen Inc. | 128,051 | 1,570 | |
| 2 | Modetour Network Inc. | 132,995 | 1,566 |
| Hansae Co. Ltd. | 103,851 | 1,541 | |
| Advanced Process Systems Corp. | 95,643 | 1,537 | |
| KH Vatec Co. Ltd. | 127,475 | 1,530 | |
| * | Il Dong Pharmaceutical Co. Ltd. | 126,493 | 1,509 |
| Neowiz | 90,712 | 1,492 | |
| Seah Besteel Holdings Corp. | 88,195 | 1,485 | |
| * | Bukwang Pharmaceutical Co. Ltd. | 278,657 | 1,469 |
| * | DIO Corp. | 89,992 | 1,460 |
| 2 | Young Poong Corp. | 4,090 | 1,449 |
| UniTest Inc. | 120,023 | 1,449 | |
| * | Enplus Co. Ltd. | 565,401 | 1,437 |
| * | Cafe24 Corp. | 106,899 | 1,424 |
| 2 | Grand Korea Leisure Co. Ltd. | 148,062 | 1,418 |
| Seobu T&D | 257,981 | 1,415 | |
| Huons Co. Ltd. | 53,584 | 1,411 | |
| 2 | GOLFZON Co. Ltd. | 22,441 | 1,410 |
| LX Hausys Ltd. | 46,419 | 1,362 | |
| Samwha Capacitor Co. Ltd. | 54,799 | 1,357 | |
| * | Humasis Co. Ltd. | 945,724 | 1,353 |
| 2 | ENF Technology Co. Ltd. | 70,120 | 1,350 |
| * | CMG Pharmaceutical Co. Ltd. | 793,520 | 1,348 |
| HL Holdings Corp. | 52,319 | 1,315 | |
| Hyundai Green Food | 147,261 | 1,302 | |
| *,2 | Insun ENT Co. Ltd. | 254,463 | 1,292 |
| *,2 | Wysiwyg Studios Co. Ltd. | 698,692 | 1,287 |
| * | Danal Co. Ltd. | 417,314 | 1,283 |
| * | Daea TI Co. Ltd. | 552,193 | 1,268 |
| Kwang Dong Pharmaceutical Co. Ltd. | 229,423 | 1,258 | |
| KISWIRE Ltd. | 79,825 | 1,258 | |
| Songwon Industrial Co. Ltd. | 120,402 | 1,236 | |
| NICE Holdings Co. Ltd. | 139,018 | 1,235 | |
| Dongwon Industries Co. Ltd. | 41,589 | 1,227 | |
| SK Securities Co. Ltd. | 2,674,850 | 1,223 | |
| Yuanta Securities Korea Co. Ltd. | 605,566 | 1,219 | |
| Korea United Pharm Inc. | 68,666 | 1,219 | |
| * | Samsung Pharmaceutical Co. Ltd. | 890,563 | 1,200 |
| Hanil Cement Co. Ltd. | 128,948 | 1,197 | |
| Samchully Co. Ltd. | 16,920 | 1,192 | |
| *,2 | Helixmith Co. Ltd. | 331,746 | 1,154 |
| * | Medipost Co. Ltd. | 213,447 | 1,128 |
| Huons Global Co. Ltd. | 64,945 | 1,117 | |
| Vieworks Co. Ltd. | 52,535 | 1,115 | |
| 2 | Shinsegae International Inc. | 83,670 | 1,109 |
| 2 | iNtRON Biotechnology Inc. | 201,678 | 1,107 |
| Shares | Market Value ($000) | ||
| Ilyang Pharmaceutical Co. Ltd. | 103,650 | 1,106 | |
| Daeduck Co. Ltd. | 229,972 | 1,104 | |
| *,2 | OliX Pharmaceuticals Inc. | 91,013 | 1,093 |
| Dongwon F&B Co. Ltd. | 43,782 | 1,091 | |
| * | Com2uS Holdings Corp. | 41,091 | 1,090 |
| * | Tongyang Life Insurance Co. Ltd. | 249,987 | 1,082 |
| Sung Kwang Bend Co. Ltd. | 129,374 | 1,077 | |
| * | GeneOne Life Science Inc. | 549,945 | 1,060 |
| Tongyang Inc. | 1,450,596 | 1,056 | |
| iMarketKorea Inc. | 166,520 | 1,055 | |
| TK Corp. | 113,213 | 1,045 | |
| * | Komipharm International Co. Ltd. | 296,964 | 1,033 |
| E1 Corp. | 20,673 | 1,030 | |
| * | Namsun Aluminum Co. Ltd. | 723,447 | 1,029 |
| KISCO Corp. | 148,646 | 1,026 | |
| KC Co. Ltd. | 55,206 | 1,010 | |
| Korea Asset In Trust Co. Ltd. | 429,889 | 1,006 | |
| * | Yungjin Pharmaceutical Co. Ltd. | 628,483 | 1,004 |
| Hankook Shell Oil Co. Ltd. | 5,336 | 1,003 | |
| Humedix Co. Ltd. | 46,672 | 1,001 | |
| 2 | Zinus Inc. | 96,361 | 1,001 |
| Chongkundang Holdings Corp. | 21,069 | 995 | |
| Gradiant Corp. | 84,141 | 979 | |
| * | Interflex Co. Ltd. | 94,228 | 975 |
| Samyang Corp. | 24,474 | 971 | |
| Daol Investment & Securities Co. Ltd. | 384,150 | 970 | |
| Hansol Technics Co. Ltd. | 205,189 | 958 | |
| Hyundai GF Holdings | 292,102 | 940 | |
| *,2,3 | Cellivery Therapeutics Inc. | 189,478 | 940 |
| Hansol Paper Co. Ltd. | 122,002 | 938 | |
| * | Hanwha Galleria Corp. | 880,756 | 931 |
| Namhae Chemical Corp. | 164,723 | 900 | |
| Toptec Co. Ltd. | 146,200 | 895 | |
| * | Wonik Holdings Co. Ltd. | 282,074 | 831 |
| Korea Real Estate Investment & Trust Co. Ltd. | 1,080,367 | 828 | |
| *,2 | Sangsangin Co. Ltd. | 288,645 | 818 |
| * | Hyosung Chemical Corp. | 17,591 | 810 |
| HS Industries Co. Ltd. | 313,182 | 805 | |
| Jeil Pharmaceutical Co. Ltd. | 63,980 | 798 | |
| SPC Samlip Co. Ltd. | 18,028 | 770 | |
| *,3 | NKMax Co. Ltd. | 512,594 | 769 |
| Hyundai Corp. | 58,136 | 768 | |
| 2 | Nature Holdings Co. Ltd. | 67,977 | 758 |
| Able C&C Co. Ltd. | 150,097 | 749 | |
| * | ITM Semiconductor Co. Ltd. | 48,634 | 749 |
| Daehan Flour Mill Co. Ltd. | 7,283 | 717 | |
| * | KUMHOE&C Co. Ltd. | 211,991 | 704 |
| Cuckoo Homesys Co. Ltd. | 41,570 | 700 | |
| * | Inscobee Inc. | 756,988 | 686 |
| Dongkuk CM Co. Ltd. | 139,242 | 667 | |
| * | Ace Technologies Corp. | 419,131 | 665 |
| Maeil Dairies Co. Ltd. | 21,677 | 659 | |
| Woongjin Thinkbig Co. Ltd. | 374,697 | 657 | |
| * | Enzychem Lifesciences Corp. | 466,542 | 653 |
| Kolon Corp. | 50,498 | 644 | |
| Aekyung Industrial Co. Ltd. | 46,914 | 635 | |
| LOTTE Himart Co. Ltd. | 82,729 | 595 | |
| CJ Freshway Corp. | 33,406 | 583 |
| Shares | Market Value ($000) | ||
| * | HJ Shipbuilding & Construction Co. Ltd. | 211,327 | 516 |
| Eusu Holdings Co. Ltd. | 100,578 | 423 | |
| *,2,3 | Kuk-il Paper Manufacturing Co. Ltd. | 665,811 | 396 |
| Hyundai Bioland Co. Ltd. | 55,449 | 365 | |
| * | Dongsung Pharmaceutical Co. Ltd. | 84,494 | 348 |
| LG HelloVision Co. Ltd. | 123,948 | 325 | |
| * | Homecast Co. Ltd. | 136,388 | 280 |
| Cuckoo Holdings Co. Ltd. | 19,959 | 273 | |
| Hansol Holdings Co. Ltd. | 119,945 | 272 | |
| * | Telcon RF Pharmaceutical Inc. | 445,609 | 267 |
| * | Giantstep Inc. | 32,439 | 248 |
| ICD Co. Ltd. | 39,317 | 229 | |
| OptoElectronics Solutions Co. Ltd. | 22,366 | 225 | |
| DB Financial Investment Co. Ltd. | 61,803 | 196 | |
| * | Eoflow Co. Ltd. | 16,521 | 57 |
| BGF Co. Ltd. | 11,097 | 31 | |
| 8,534,940 | |||
| Spain (2.2%) | |||
| Banco Santander SA | 132,480,433 | 647,091 | |
| Iberdrola SA (XMAD) | 48,513,184 | 602,551 | |
| Banco Bilbao Vizcaya Argentaria SA | 48,294,173 | 575,111 | |
| Industria de Diseno Textil SA | 8,683,133 | 437,250 | |
| Amadeus IT Group SA | 3,675,923 | 235,982 | |
| Telefonica SA | 42,104,774 | 185,945 | |
| Ferrovial SE | 4,344,621 | 172,011 | |
| Repsol SA | 10,068,780 | 168,060 | |
| 1 | Cellnex Telecom SA | 4,632,803 | 163,884 |
| CaixaBank SA | 31,285,752 | 151,816 | |
| 1 | Aena SME SA | 582,039 | 114,635 |
| ACS Actividades de Construccion y Servicios SA | 1,990,880 | 83,375 | |
| Banco de Sabadell SA | 43,462,721 | 68,375 | |
| Redeia Corp. SA | 3,569,734 | 60,975 | |
| Endesa SA | 2,617,903 | 48,540 | |
| Bankinter SA | 5,313,819 | 38,934 | |
| Enagas SA | 2,052,747 | 30,495 | |
| Merlin Properties Socimi SA | 2,749,549 | 29,582 | |
| Fluidra SA | 1,127,886 | 26,691 | |
| Naturgy Energy Group SA | 1,134,642 | 24,625 | |
| *,2 | Grifols SA | 2,585,126 | 23,253 |
| Acciona SA | 190,053 | 23,130 | |
| 2 | Indra Sistemas SA | 1,021,985 | 21,180 |
| Mapfre SA | 8,205,553 | 20,745 | |
| Viscofan SA | 322,096 | 20,475 | |
| Vidrala SA (XMAD) | 189,082 | 19,630 | |
| Acerinox SA | 1,609,462 | 17,675 | |
| 1 | Unicaja Banco SA | 12,762,911 | 15,815 |
| Inmobiliaria Colonial Socimi SA | 2,630,898 | 15,587 | |
| Laboratorios Farmaceuticos Rovi SA | 175,649 | 15,328 | |
| Cia de Distribucion Integral Logista Holdings SA | 518,434 | 14,489 | |
| Applus Services SA | 1,079,953 | 13,317 | |
| 2 | Corp. ACCIONA Energias Renovables SA | 471,917 | 10,283 |
| CIE Automotive SA | 355,184 | 10,187 | |
| Sacyr SA | 2,745,407 | 10,140 | |
| Faes Farma SA | 2,586,303 | 8,779 | |
| Construcciones y Auxiliar de Ferrocarriles SA | 220,758 | 8,051 | |
| * | Solaria Energia y Medio Ambiente SA | 682,861 | 7,450 |
| * | Melia Hotels International SA | 867,621 | 7,012 |
| Almirall SA | 687,365 | 6,130 | |
| Shares | Market Value ($000) | ||
| Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 5,696,371 | 5,695 | |
| 2 | Fomento de Construcciones y Contratas SA | 363,688 | 4,956 |
| 1 | Gestamp Automocion SA | 1,253,477 | 4,025 |
| * | Lar Espana Real Estate Socimi SA | 469,769 | 3,665 |
| Ence Energia y Celulosa SA | 1,003,676 | 3,495 | |
| Atresmedia Corp. de Medios de Comunicacion SA | 704,979 | 3,374 | |
| Pharma Mar SA | 99,294 | 3,075 | |
| 1 | Global Dominion Access SA | 825,572 | 3,003 |
| * | Tecnicas Reunidas SA | 352,688 | 2,863 |
| 1 | Neinor Homes SA | 208,181 | 2,283 |
| 2 | Prosegur Cia de Seguridad SA | 1,150,688 | 1,903 |
| 1 | Prosegur Cash SA | 3,053,987 | 1,579 |
| * | Distribuidora Internacional de Alimentacion SA | 102,880,236 | 1,398 |
| *,2 | NH Hotel Group SA | 198,590 | 908 |
| 4,196,806 | |||
| Sweden (2.9%) | |||
| Atlas Copco AB Class A | 20,978,735 | 354,300 | |
| Investor AB Class B | 13,463,128 | 337,848 | |
| Volvo AB Class B | 12,223,507 | 331,275 | |
| Assa Abloy AB Class B | 8,038,040 | 230,678 | |
| Hexagon AB Class B | 17,476,569 | 206,589 | |
| Sandvik AB | 8,901,219 | 197,614 | |
| 1 | Evolution AB | 1,518,973 | 188,662 |
| Atlas Copco AB Class B | 12,396,133 | 183,090 | |
| Swedbank AB Class A | 8,328,493 | 165,302 | |
| EQT AB | 5,216,071 | 165,138 | |
| Skandinaviska Enskilda Banken AB Class A | 10,410,614 | 141,038 | |
| Telefonaktiebolaget LM Ericsson Class B | 24,167,100 | 129,974 | |
| Svenska Handelsbanken AB Class A | 12,009,671 | 121,418 | |
| Essity AB Class B | 5,040,751 | 119,739 | |
| Alfa Laval AB | 2,558,772 | 100,545 | |
| Epiroc AB Class A | 5,150,750 | 96,693 | |
| Investor AB Class A (XSTO) | 3,790,454 | 94,258 | |
| H & M Hennes & Mauritz AB Class B | 4,970,408 | 81,048 | |
| Svenska Cellulosa AB SCA Class B | 4,882,087 | 75,057 | |
| Saab AB Class B | 761,630 | 67,749 | |
| SKF AB Class B | 3,185,528 | 65,032 | |
| Trelleborg AB Class B | 1,768,541 | 63,239 | |
| Boliden AB | 2,265,323 | 62,903 | |
| * | Indutrade AB | 2,204,117 | 60,033 |
| Nibe Industrier AB Class B | 12,009,167 | 59,054 | |
| Volvo AB Class A | 1,953,781 | 53,801 | |
| Epiroc AB Class B | 3,173,539 | 53,744 | |
| Skanska AB Class B | 2,947,643 | 52,493 | |
| Telia Co. AB | 20,371,341 | 52,211 | |
| Lifco AB Class B | 1,877,572 | 49,032 | |
| 2 | Beijer Ref AB | 3,208,417 | 47,638 |
| Industrivarden AB Class A | 1,372,465 | 47,199 | |
| Sagax AB Class B | 1,763,189 | 46,513 | |
| * | Castellum AB | 3,531,362 | 46,443 |
| * | Swedish Orphan Biovitrum AB | 1,790,418 | 44,689 |
| AddTech AB Class B | 1,842,277 | 41,912 | |
| Securitas AB Class B | 4,010,208 | 41,341 | |
| * | Fastighets AB Balder Class B | 5,161,283 | 37,912 |
| Tele2 AB Class B | 4,536,902 | 37,255 | |
| Getinge AB Class B | 1,848,194 | 37,173 | |
| SSAB AB Class B | 4,910,580 | 36,258 | |
| AAK AB | 1,436,718 | 34,141 | |
| Shares | Market Value ($000) | ||
| Industrivarden AB Class C | 988,080 | 33,977 | |
| L E Lundbergforetagen AB Class B | 607,275 | 32,871 | |
| Investment AB Latour Class B | 1,178,917 | 30,992 | |
| * | Holmen AB Class B | 660,109 | 26,853 |
| Nordnet AB publ | 1,411,611 | 25,901 | |
| Axfood AB | 890,288 | 25,879 | |
| Fortnox AB | 4,083,970 | 25,512 | |
| Hexpol AB | 2,037,627 | 24,881 | |
| Husqvarna AB Class B | 2,860,154 | 24,474 | |
| 1 | Thule Group AB | 804,745 | 24,259 |
| Lagercrantz Group AB Class B | 1,582,054 | 24,184 | |
| Sectra AB Class B | 1,247,173 | 24,132 | |
| * | Kinnevik AB Class B | 1,991,429 | 22,335 |
| 2 | Avanza Bank Holding AB | 1,033,610 | 22,282 |
| Mycronic AB | 621,964 | 21,933 | |
| Elekta AB Class B | 2,851,441 | 21,493 | |
| 1 | Dometic Group AB | 2,648,280 | 21,403 |
| Hemnet Group AB | 664,001 | 20,317 | |
| Wihlborgs Fastigheter AB | 2,190,189 | 20,294 | |
| *,2 | Volvo Car AB Class B | 5,276,624 | 19,977 |
| Fabege AB | 2,068,386 | 19,340 | |
| 1 | Munters Group AB | 1,076,335 | 19,307 |
| Sweco AB Class B | 1,679,570 | 18,895 | |
| SSAB AB Class A | 2,324,169 | 17,174 | |
| Loomis AB | 584,610 | 16,317 | |
| *,2 | Embracer Group AB | 7,315,309 | 15,936 |
| * | Electrolux AB Class B | 1,778,898 | 15,884 |
| Billerud Aktiebolag | 1,750,094 | 15,705 | |
| 1 | Bravida Holding AB | 1,693,930 | 14,857 |
| Nyfosa AB | 1,498,448 | 14,779 | |
| Vitec Software Group AB Class B | 280,791 | 14,585 | |
| Bure Equity AB | 454,339 | 14,561 | |
| Catena AB | 275,868 | 13,479 | |
| Wallenstam AB Class B | 2,739,017 | 13,389 | |
| AFRY AB | 808,968 | 12,916 | |
| *,1 | Sinch AB | 5,124,055 | 12,844 |
| Pandox AB | 741,278 | 12,440 | |
| * | Camurus AB | 259,117 | 12,282 |
| Electrolux Professional AB Class B | 1,874,540 | 12,259 | |
| Lindab International AB | 567,812 | 12,208 | |
| JM AB | 534,984 | 10,939 | |
| AddNode Group AB | 1,007,963 | 10,769 | |
| Hufvudstaden AB Class A | 880,287 | 10,690 | |
| Alleima AB | 1,539,107 | 10,388 | |
| Vitrolife AB | 540,159 | 10,140 | |
| 2 | HMS Networks AB | 232,505 | 10,070 |
| Peab AB Class B | 1,585,624 | 9,967 | |
| 2 | NCAB Group AB | 1,476,915 | 9,670 |
| Granges AB | 881,691 | 9,538 | |
| Bufab AB | 242,743 | 9,521 | |
| AddLife AB Class B | 902,663 | 9,440 | |
| Betsson AB Class B | 948,151 | 9,382 | |
| NCC AB Class B | 633,107 | 8,713 | |
| Arjo AB Class B | 1,823,247 | 8,707 | |
| Instalco AB | 1,974,512 | 7,797 | |
| Biotage AB | 454,865 | 7,726 | |
| Bilia AB Class A | 584,676 | 7,493 | |
| Troax Group AB | 317,633 | 7,305 |
| Shares | Market Value ($000) | ||
| Atrium Ljungberg AB Class B | 368,497 | 7,200 | |
| Mips AB | 213,974 | 7,010 | |
| * | Better Collective A/S | 257,048 | 6,904 |
| Beijer Alma AB | 375,284 | 6,781 | |
| 2 | Svenska Handelsbanken AB Class B | 511,623 | 6,472 |
| * | Sdiptech AB Class B | 263,609 | 6,416 |
| Nolato AB Class B | 1,428,718 | 6,384 | |
| *,1,2 | Scandic Hotels Group AB | 1,078,729 | 6,305 |
| INVISIO AB | 274,759 | 6,247 | |
| Dios Fastigheter AB | 767,483 | 6,175 | |
| *,1 | Boozt AB | 462,474 | 6,067 |
| Corem Property Group AB Class B | 5,921,021 | 6,031 | |
| Storskogen Group AB Class B | 11,162,344 | 5,941 | |
| Cibus Nordic Real Estate AB publ | 451,868 | 5,922 | |
| * | Modern Times Group MTG AB Class B | 748,151 | 5,842 |
| * | OX2 AB | 1,227,776 | 5,659 |
| *,1,2 | BioArctic AB | 273,164 | 5,496 |
| Ratos AB Class B | 1,620,316 | 5,325 | |
| NP3 Fastigheter AB | 251,222 | 5,185 | |
| SkiStar AB | 341,438 | 5,147 | |
| Medicover AB Class B | 390,149 | 5,026 | |
| 2 | Hexatronic Group AB | 1,512,761 | 4,649 |
| * | Truecaller AB Class B | 1,358,884 | 4,154 |
| Clas Ohlson AB Class B | 297,106 | 4,022 | |
| Fagerhult Group AB | 560,933 | 3,873 | |
| Systemair AB | 538,414 | 3,842 | |
| MEKO AB | 331,726 | 3,737 | |
| Platzer Fastigheter Holding AB Class B | 425,726 | 3,660 | |
| 2 | Samhallsbyggnadsbolaget i Norden AB | 8,634,564 | 3,410 |
| * | Stillfront Group AB | 3,600,022 | 3,203 |
| 1 | Attendo AB | 832,069 | 3,171 |
| Investment AB Oresund | 257,730 | 2,826 | |
| * | Norion Bank AB | 644,209 | 2,809 |
| Sagax AB Class D | 998,132 | 2,788 | |
| Cloetta AB Class B | 1,628,089 | 2,767 | |
| Volati AB | 158,191 | 1,845 | |
| 1 | Resurs Holding AB | 1,180,554 | 1,715 |
| 2 | Intrum AB | 638,164 | 1,493 |
| 2 | Samhallsbyggnadsbolaget i Norden AB Class D | 1,571,172 | 814 |
| Skandinaviska Enskilda Banken AB Class C | 40,760 | 577 | |
| Svenska Cellulosa AB SCA Class A | 31,965 | 491 | |
| NCC AB Class A | 27,527 | 384 | |
| 5,603,157 | |||
| Switzerland (7.2%) | |||
| Nestle SA (Registered) | 22,099,438 | 2,348,064 | |
| Novartis AG (Registered) | 17,118,384 | 1,658,059 | |
| Roche Holding AG | 5,731,133 | 1,463,266 | |
| UBS Group AG (Registered) | 24,919,261 | 767,287 | |
| Cie Financiere Richemont SA Class A (Registered) | 4,391,298 | 668,533 | |
| Zurich Insurance Group AG | 1,187,113 | 641,296 | |
| ABB Ltd. (Registered) | 12,368,757 | 573,790 | |
| Holcim AG | 4,293,990 | 389,021 | |
| Sika AG (Registered) | 1,255,347 | 373,529 | |
| Lonza Group AG (Registered) | 595,919 | 356,120 | |
| Alcon Inc. | 4,069,145 | 336,565 | |
| Swiss Re AG | 2,388,616 | 307,259 | |
| Givaudan SA (Registered) | 65,711 | 292,528 | |
| Partners Group Holding AG | 182,206 | 260,279 | |
| Shares | Market Value ($000) | ||
| Swiss Life Holding AG (Registered) | 244,029 | 171,160 | |
| Geberit AG (Registered) | 265,001 | 156,611 | |
| Straumann Holding AG (Registered) | 882,729 | 140,846 | |
| * | Swisscom AG (Registered) | 210,337 | 128,738 |
| Sonova Holding AG (Registered) | 418,820 | 121,287 | |
| *,2 | SGS SA (Registered) | 1,198,474 | 116,351 |
| Kuehne & Nagel International AG (Registered) | 411,511 | 114,490 | |
| Logitech International SA (Registered) | 1,273,620 | 114,128 | |
| 1 | VAT Group AG | 212,242 | 109,643 |
| * | Sandoz Group AG | 3,568,141 | 107,707 |
| Chocoladefabriken Lindt & Spruengli AG (Registered) | 843 | 101,699 | |
| Julius Baer Group Ltd. | 1,692,602 | 98,168 | |
| Chocoladefabriken Lindt & Spruengli AG Ptg. Ctf. | 8,162 | 97,689 | |
| Schindler Holding AG (XSWX) | 336,120 | 84,607 | |
| Roche Holding AG (Bearer) | 239,577 | 64,605 | |
| SIG Group AG | 2,730,132 | 60,539 | |
| Swiss Prime Site AG (Registered) | 625,633 | 59,014 | |
| Baloise Holding AG (Registered) | 373,001 | 58,489 | |
| Swatch Group AG (Bearer) | 241,340 | 56,300 | |
| Adecco Group AG (Registered) | 1,314,138 | 51,990 | |
| Georg Fischer AG (Registered) | 677,039 | 50,213 | |
| PSP Swiss Property AG (Registered) | 373,599 | 48,975 | |
| EMS-Chemie Holding AG (Registered) | 58,535 | 44,862 | |
| Tecan Group AG (Registered) | 104,908 | 43,467 | |
| Barry Callebaut AG (Registered) | 29,476 | 42,817 | |
| Helvetia Holding AG (Registered) | 288,490 | 39,774 | |
| Schindler Holding AG (Registered) | 157,532 | 38,439 | |
| Belimo Holding AG (Registered) | 76,204 | 37,400 | |
| * | Avolta AG | 885,103 | 36,853 |
| Temenos AG (Registered) | 500,869 | 35,827 | |
| Flughafen Zurich AG (Registered) | 157,064 | 35,665 | |
| Siegfried Holding AG (Registered) | 33,597 | 34,306 | |
| 1 | Galenica AG | 400,610 | 33,429 |
| Accelleron Industries AG | 778,011 | 29,142 | |
| Banque Cantonale Vaudoise (Registered) | 233,621 | 27,179 | |
| Clariant AG (Registered) | 1,871,161 | 25,317 | |
| 2 | Bachem Holding AG | 257,764 | 24,684 |
| Bucher Industries AG (Registered) | 53,343 | 23,457 | |
| Inficon Holding AG (Registered) | 15,958 | 23,288 | |
| BKW AG | 148,482 | 22,817 | |
| Comet Holding AG (Registered) | 61,499 | 21,395 | |
| Allreal Holding AG (Registered) | 119,932 | 20,597 | |
| Cembra Money Bank AG | 243,699 | 20,412 | |
| Swissquote Group Holding SA (Registered) | 72,226 | 20,249 | |
| DKSH Holding AG | 294,368 | 20,041 | |
| SFS Group AG | 145,203 | 19,092 | |
| Swatch Group AG (Registered) | 417,911 | 18,950 | |
| Softwareone Holding AG | 1,006,085 | 18,554 | |
| Sulzer AG (Registered) | 143,956 | 17,519 | |
| Emmi AG (Registered) | 17,438 | 17,302 | |
| Mobimo Holding AG (Registered) | 58,781 | 16,898 | |
| Burckhardt Compression Holding AG | 26,051 | 16,334 | |
| Valiant Holding AG (Registered) | 130,642 | 15,328 | |
| 2 | Interroll Holding AG (Registered) | 4,514 | 15,001 |
| * | Aryzta AG | 7,795,064 | 14,154 |
| 2 | Stadler Rail AG | 438,048 | 13,966 |
| Vontobel Holding AG (Registered) | 226,537 | 13,736 | |
| Landis & Gyr Group AG | 178,611 | 13,709 |
| Shares | Market Value ($000) | ||
| Kardex Holding AG (Registered) | 48,280 | 13,554 | |
| VZ Holding AG | 110,114 | 13,435 | |
| dormakaba Holding AG | 25,129 | 13,216 | |
| St Galler Kantonalbank AG (Registered) | 23,387 | 12,602 | |
| Daetwyler Holding AG | 60,932 | 12,553 | |
| 2 | Huber and Suhner AG (Registered) | 140,792 | 11,888 |
| Ypsomed Holding AG (Registered) | 28,416 | 11,353 | |
| Forbo Holding AG (Registered) | 7,631 | 9,745 | |
| EFG International AG | 737,708 | 9,237 | |
| * | ams-OSRAM AG | 7,661,895 | 8,875 |
| SKAN Group AG | 88,068 | 8,335 | |
| 2 | Komax Holding AG (Registered) | 38,754 | 7,511 |
| LEM Holding SA (Registered) | 3,867 | 7,318 | |
| *,2 | DocMorris AG | 70,232 | 7,032 |
| 1 | Medacta Group SA | 50,161 | 6,815 |
| 2 | OC Oerlikon Corp. AG (Registered) | 1,513,339 | 6,671 |
| COSMO Pharmaceuticals NV | 82,144 | 6,489 | |
| Intershop Holding AG | 8,889 | 6,389 | |
| *,1 | Sensirion Holding AG | 83,507 | 6,174 |
| Arbonia AG | 447,607 | 5,984 | |
| Bystronic AG | 10,850 | 5,738 | |
| ALSO Holding AG (Registered) | 21,588 | 5,603 | |
| u-blox Holding AG | 56,027 | 5,397 | |
| Bossard Holding AG (Registered) Class A | 21,471 | 5,204 | |
| *,2 | Autoneum Holding AG | 28,926 | 5,179 |
| * | Zehnder Group AG | 76,425 | 5,064 |
| Implenia AG (Registered) | 129,355 | 4,688 | |
| Bell Food Group AG (Registered) | 15,453 | 4,631 | |
| Schweiter Technologies AG | 7,618 | 4,289 | |
| *,1 | PolyPeptide Group AG | 122,022 | 4,106 |
| * | Basilea Pharmaceutica AG (Registered) | 97,194 | 4,058 |
| Vetropack Holding AG (Registered) | 101,952 | 3,681 | |
| Rieter Holding AG (Registered) | 25,100 | 3,625 | |
| *,1 | Medartis Holding AG | 36,258 | 3,599 |
| 2 | PIERER Mobility AG | 71,061 | 3,587 |
| *,1 | Montana Aerospace AG | 186,587 | 3,501 |
| 1 | Medmix AG | 196,470 | 3,486 |
| *,2 | Idorsia Ltd. | 958,060 | 3,011 |
| 2 | Leonteq AG | 84,283 | 2,538 |
| Investis Holding SA | 22,336 | 2,407 | |
| APG SGA SA | 8,401 | 2,058 | |
| VP Bank AG Class A | 19,068 | 1,986 | |
| *,2 | Meyer Burger Technology AG | 70,975,749 | 1,966 |
| 13,735,383 | |||
| United Kingdom (12.4%) | |||
| Shell plc | 53,759,488 | 1,783,711 | |
| AstraZeneca plc | 12,223,679 | 1,642,175 | |
| HSBC Holdings plc | 158,112,674 | 1,235,939 | |
| Unilever plc (XLON) | 20,524,816 | 1,030,383 | |
| BP plc | 137,985,635 | 865,642 | |
| GSK plc | 33,276,580 | 714,461 | |
| RELX plc | 15,681,616 | 676,276 | |
| Diageo plc | 18,276,483 | 676,270 | |
| Rio Tinto plc | 9,010,280 | 569,674 | |
| Glencore plc | 100,362,397 | 550,744 | |
| British American Tobacco plc | 16,589,628 | 503,513 | |
| CRH plc (SGMX) | 5,717,876 | 493,510 | |
| London Stock Exchange Group plc | 3,863,092 | 462,235 | |
| Shares | Market Value ($000) | ||
| BAE Systems plc | 25,215,995 | 429,817 | |
| Compass Group plc | 14,149,403 | 415,039 | |
| National Grid plc | 30,744,513 | 414,251 | |
| * | Rolls-Royce Holdings plc | 69,247,067 | 372,574 |
| Ferguson plc | 1,695,723 | 371,015 | |
| Lloyds Banking Group plc | 524,708,582 | 343,157 | |
| Reckitt Benckiser Group plc | 5,925,736 | 337,797 | |
| Experian plc | 7,580,447 | 330,302 | |
| * | Flutter Entertainment plc | 1,459,096 | 290,847 |
| Barclays plc | 124,284,211 | 288,047 | |
| 3i Group plc | 7,877,045 | 279,300 | |
| Ashtead Group plc | 3,609,056 | 257,070 | |
| Anglo American plc | 9,983,925 | 246,032 | |
| Haleon plc | 54,555,946 | 228,632 | |
| Tesco plc | 57,559,976 | 215,589 | |
| Prudential plc (XLON) | 22,771,202 | 213,561 | |
| SSE plc | 9,021,462 | 188,079 | |
| Imperial Brands plc | 7,261,556 | 162,329 | |
| Vodafone Group plc | 180,809,502 | 160,364 | |
| Legal & General Group plc | 49,086,200 | 157,698 | |
| Standard Chartered plc | 18,173,014 | 154,066 | |
| NatWest Group plc | 44,618,757 | 149,443 | |
| InterContinental Hotels Group plc | 1,364,510 | 141,789 | |
| Aviva plc | 22,586,092 | 141,721 | |
| Sage Group plc | 8,481,506 | 135,552 | |
| Segro plc | 11,024,065 | 125,691 | |
| Rentokil Initial plc | 20,852,795 | 123,981 | |
| Informa plc | 11,292,049 | 118,476 | |
| Next plc | 1,003,743 | 117,001 | |
| Bunzl plc | 2,789,270 | 107,324 | |
| Smurfit Kappa Group plc | 2,154,599 | 98,474 | |
| Halma plc | 3,133,491 | 93,567 | |
| Melrose Industries plc (XLON) | 10,882,476 | 92,402 | |
| Admiral Group plc | 2,535,898 | 90,881 | |
| Smith & Nephew plc | 7,226,189 | 90,465 | |
| Associated British Foods plc | 2,779,734 | 87,703 | |
| Intertek Group plc | 1,334,827 | 84,024 | |
| WPP plc | 8,598,492 | 81,489 | |
| Spirax-Sarco Engineering plc | 608,214 | 77,168 | |
| Pearson plc | 5,728,160 | 75,425 | |
| Antofagasta plc | 2,864,416 | 73,575 | |
| United Utilities Group plc | 5,646,636 | 73,370 | |
| * | Wise plc Class A | 6,206,563 | 72,551 |
| BT Group plc | 52,104,262 | 72,110 | |
| Centrica plc | 44,567,242 | 71,845 | |
| Croda International plc | 1,151,650 | 71,259 | |
| Whitbread plc | 1,636,511 | 68,419 | |
| Severn Trent plc | 2,182,085 | 68,088 | |
| 1 | Auto Trader Group plc | 7,314,695 | 64,595 |
| Mondi plc | 3,641,863 | 64,145 | |
| Smiths Group plc | 2,874,079 | 59,575 | |
| Intermediate Capital Group plc | 2,299,244 | 59,554 | |
| DCC plc | 816,927 | 59,436 | |
| B&M European Value Retail SA | 8,278,276 | 57,069 | |
| Weir Group plc | 2,141,492 | 54,703 | |
| Marks & Spencer Group plc | 16,268,114 | 54,480 | |
| DS Smith plc | 10,599,425 | 53,020 | |
| Entain plc | 5,250,181 | 52,686 |
| Shares | Market Value ($000) | ||
| Berkeley Group Holdings plc | 861,976 | 51,788 | |
| Coca-Cola HBC AG | 1,626,140 | 51,386 | |
| Land Securities Group plc | 6,108,573 | 50,737 | |
| Diploma plc | 1,078,727 | 50,669 | |
| Taylor Wimpey plc | 29,027,979 | 50,186 | |
| M&G plc | 17,992,692 | 50,080 | |
| Howden Joinery Group plc | 4,348,289 | 49,776 | |
| J Sainsbury plc | 14,311,056 | 48,864 | |
| 1 | ConvaTec Group plc | 13,499,772 | 48,769 |
| Kingfisher plc | 15,472,495 | 48,696 | |
| IMI plc | 2,122,115 | 48,615 | |
| Barratt Developments plc | 8,095,253 | 48,588 | |
| Beazley plc | 5,480,512 | 46,085 | |
| Rightmove plc | 6,588,219 | 45,665 | |
| Burberry Group plc | 2,947,033 | 45,079 | |
| Vistry Group plc | 2,843,303 | 44,149 | |
| Hiscox Ltd. | 2,777,394 | 43,510 | |
| Persimmon plc | 2,624,048 | 43,508 | |
| Phoenix Group Holdings plc | 6,077,216 | 42,434 | |
| LondonMetric Property plc | 15,637,062 | 40,128 | |
| British Land Co. plc | 7,653,493 | 38,183 | |
| RS Group plc | 3,907,393 | 35,827 | |
| UNITE Group plc | 2,868,791 | 35,488 | |
| Spectris plc | 842,368 | 35,051 | |
| JD Sports Fashion plc | 20,406,090 | 34,667 | |
| Games Workshop Group plc | 271,006 | 34,346 | |
| Investec plc | 5,078,172 | 34,045 | |
| Johnson Matthey plc | 1,486,467 | 33,592 | |
| Bellway plc | 998,806 | 33,506 | |
| Schroders plc | 6,969,911 | 33,113 | |
| Man Group plc | 9,735,264 | 32,843 | |
| Hikma Pharmaceuticals plc | 1,332,748 | 32,240 | |
| Tritax Big Box REIT plc | 15,794,198 | 31,401 | |
| *,2 | TUI AG | 3,701,788 | 30,488 |
| Endeavour Mining plc | 1,500,778 | 30,454 | |
| Greggs plc | 830,608 | 30,129 | |
| * | International Consolidated Airlines Group SA | 13,399,575 | 29,880 |
| Rotork plc | 7,080,504 | 29,400 | |
| Hargreaves Lansdown plc | 3,130,894 | 29,058 | |
| * | Ocado Group plc | 5,015,454 | 28,763 |
| ITV plc | 30,791,087 | 28,735 | |
| Inchcape plc | 3,099,130 | 28,374 | |
| IG Group Holdings plc | 2,920,858 | 26,950 | |
| Abrdn plc | 15,057,007 | 26,822 | |
| * | Direct Line Insurance Group plc | 10,861,091 | 26,730 |
| St. James's Place plc | 4,480,415 | 26,285 | |
| Tate & Lyle plc | 3,339,254 | 26,006 | |
| Virgin Money UK plc | 9,366,216 | 25,290 | |
| Derwent London plc | 913,998 | 25,045 | |
| Cranswick plc | 443,899 | 22,972 | |
| easyJet plc | 3,077,350 | 22,151 | |
| * | Indivior plc | 1,020,470 | 21,808 |
| Serco Group plc | 9,003,855 | 21,558 | |
| Balfour Beatty plc | 4,458,327 | 21,511 | |
| Grafton Group plc GDR | 1,681,588 | 21,259 | |
| Britvic plc | 2,039,877 | 21,127 | |
| Big Yellow Group plc | 1,555,878 | 20,875 | |
| Softcat plc | 1,020,695 | 20,504 |
| Shares | Market Value ($000) | ||
| Shaftesbury Capital plc | 11,285,972 | 20,486 | |
| Drax Group plc | 3,190,456 | 20,243 | |
| Grainger plc | 6,084,733 | 19,787 | |
| Computacenter plc | 580,497 | 19,736 | |
| QinetiQ Group plc | 4,263,754 | 19,641 | |
| Pennon Group plc | 2,377,315 | 19,414 | |
| Redrow plc | 2,219,044 | 18,610 | |
| Bank of Georgia Group plc | 292,276 | 18,599 | |
| Harbour Energy plc | 5,319,236 | 18,525 | |
| * | Darktrace plc | 3,335,296 | 18,410 |
| TP ICAP Group plc | 6,460,163 | 18,364 | |
| *,1 | Network International Holdings plc | 3,695,582 | 18,329 |
| 4imprint Group plc | 229,538 | 18,325 | |
| SSP Group plc | 6,494,472 | 17,933 | |
| * | Carnival plc | 1,201,634 | 17,516 |
| *,1 | Trainline plc | 3,742,533 | 17,488 |
| WH Smith plc | 1,031,063 | 17,171 | |
| TBC Bank Group plc | 416,172 | 16,882 | |
| Safestore Holdings plc | 1,754,137 | 16,737 | |
| Hill & Smith plc | 660,233 | 16,309 | |
| Travis Perkins plc | 1,760,071 | 16,201 | |
| Energean plc | 1,166,326 | 16,094 | |
| * | International Distributions Services plc | 5,562,029 | 16,077 |
| Lancashire Holdings Ltd. | 2,001,982 | 15,616 | |
| Hays plc | 13,055,910 | 15,588 | |
| OSB Group plc | 3,257,773 | 15,563 | |
| Paragon Banking Group plc | 1,752,115 | 15,276 | |
| 1 | Quilter plc | 11,264,615 | 15,241 |
| *,1 | Deliveroo plc | 10,107,907 | 15,104 |
| Renishaw plc | 282,000 | 15,086 | |
| Savills plc | 1,100,952 | 14,834 | |
| * | Playtech plc | 2,539,712 | 14,782 |
| Plus500 Ltd. | 646,033 | 14,722 | |
| Pagegroup plc | 2,586,124 | 14,638 | |
| Mitie Group plc | 11,019,111 | 14,581 | |
| * | IWG plc | 5,900,541 | 14,349 |
| Domino's Pizza Group plc | 3,289,000 | 14,290 | |
| * | Ascential plc | 3,637,835 | 13,927 |
| Babcock International Group plc | 2,095,719 | 13,753 | |
| Centamin plc | 9,617,569 | 13,697 | |
| Sirius Real Estate Ltd. | 11,064,886 | 13,679 | |
| Bodycote plc | 1,552,148 | 13,604 | |
| Pets at Home Group plc | 3,983,579 | 13,501 | |
| Coats Group plc | 13,121,101 | 13,427 | |
| Dunelm Group plc | 932,995 | 13,369 | |
| Primary Health Properties plc | 10,811,839 | 12,821 | |
| Assura plc | 23,954,507 | 12,787 | |
| 1 | JTC plc | 1,223,611 | 12,700 |
| Firstgroup plc | 5,365,040 | 12,224 | |
| Genus plc | 545,174 | 12,127 | |
| Hammerson plc | 31,907,372 | 12,025 | |
| 1 | Airtel Africa plc | 8,927,764 | 11,937 |
| Breedon Group plc | 2,464,380 | 11,934 | |
| Victrex plc | 720,827 | 11,825 | |
| Moneysupermarket.com Group plc | 4,262,419 | 11,822 | |
| Telecom Plus plc | 572,601 | 11,782 | |
| Spirent Communications plc | 4,655,759 | 11,778 | |
| Oxford Instruments plc | 438,167 | 11,711 |
| Shares | Market Value ($000) | ||
| Just Group plc | 8,471,721 | 11,240 | |
| Vesuvius plc | 1,746,182 | 10,893 | |
| Dowlais Group plc | 11,053,435 | 10,888 | |
| * | Frasers Group plc | 1,042,323 | 10,696 |
| Bytes Technology Group plc (XLON) | 1,654,579 | 10,677 | |
| Genuit Group plc | 1,919,095 | 10,660 | |
| Chemring Group plc | 2,311,049 | 10,568 | |
| Clarkson plc | 205,385 | 10,402 | |
| Morgan Sindall Group plc | 352,002 | 10,308 | |
| Premier Foods plc | 5,369,023 | 10,112 | |
| Supermarket Income REIT plc | 10,258,029 | 10,054 | |
| Rathbones Group plc | 487,155 | 9,521 | |
| Ashmore Group plc | 3,792,294 | 9,387 | |
| Kainos Group plc | 765,570 | 9,362 | |
| AJ Bell plc | 2,421,478 | 9,215 | |
| * | John Wood Group plc | 5,521,075 | 9,210 |
| Fresnillo plc | 1,534,167 | 9,086 | |
| * | Elementis plc | 4,813,452 | 9,017 |
| Redde Northgate plc | 1,858,749 | 8,937 | |
| Volution Group plc | 1,574,245 | 8,614 | |
| Great Portland Estates plc | 1,750,107 | 8,582 | |
| *,1 | Watches of Switzerland Group plc | 1,889,862 | 8,548 |
| Morgan Advanced Materials plc | 2,311,856 | 8,308 | |
| IntegraFin Holdings plc | 2,337,177 | 8,183 | |
| Keller Group plc | 596,096 | 7,885 | |
| Senior plc | 3,514,491 | 7,846 | |
| * | Oxford Nanopore Technologies plc | 5,031,240 | 7,713 |
| Workspace Group plc | 1,174,710 | 7,604 | |
| * | Helios Towers plc | 6,321,225 | 7,530 |
| Future plc | 937,176 | 7,257 | |
| *,1 | Trustpilot Group plc | 2,812,592 | 7,050 |
| Hilton Food Group plc | 658,981 | 6,998 | |
| *,2 | THG plc | 7,846,641 | 6,841 |
| Rhi Magnesita NV | 153,114 | 6,814 | |
| 2 | C&C Group plc | 3,250,714 | 6,708 |
| 1 | Spire Healthcare Group plc | 2,281,880 | 6,674 |
| * | J D Wetherspoon plc | 717,584 | 6,650 |
| 1 | Bridgepoint Group plc | 2,032,143 | 6,650 |
| Close Brothers Group plc | 1,233,106 | 6,513 | |
| Marshalls plc | 1,871,388 | 6,480 | |
| 1 | Ibstock plc | 3,201,822 | 6,089 |
| * | Greencore Group plc | 4,042,339 | 6,078 |
| * | Currys plc | 7,920,851 | 6,071 |
| Ninety One plc | 2,783,802 | 5,996 | |
| * | Mitchells & Butlers plc | 2,080,362 | 5,925 |
| * | Auction Technology Group plc | 735,320 | 5,734 |
| *,2 | PureTech Health plc | 2,045,840 | 5,733 |
| 1 | Petershill Partners plc | 2,322,460 | 5,536 |
| Essentra plc | 2,416,967 | 5,369 | |
| Dr. Martens plc | 4,766,209 | 5,293 | |
| *,1 | Aston Martin Lagonda Global Holdings plc | 2,470,838 | 5,282 |
| UK Commercial Property REIT Ltd. | 5,894,634 | 5,199 | |
| * | Alphawave IP Group plc | 2,350,464 | 5,193 |
| AG Barr plc | 680,296 | 4,999 | |
| Crest Nicholson Holdings plc | 2,019,563 | 4,917 | |
| * | Moonpig Group plc | 2,303,951 | 4,917 |
| 1 | TI Fluid Systems plc | 2,661,039 | 4,841 |
| IP Group plc | 7,894,016 | 4,748 |
| Shares | Market Value ($000) | ||
| Balanced Commercial Property Trust Ltd. | 4,485,329 | 4,616 | |
| 2 | Diversified Energy Co. plc | 380,914 | 4,567 |
| Liontrust Asset Management plc | 517,975 | 4,394 | |
| * | Molten Ventures plc | 1,474,568 | 4,390 |
| * | Hochschild Mining plc | 2,607,510 | 4,180 |
| Wickes Group plc | 2,115,524 | 4,149 | |
| Jupiter Fund Management plc | 3,492,068 | 3,908 | |
| NCC Group plc | 2,474,454 | 3,882 | |
| Mobico Group plc | 4,406,658 | 3,868 | |
| *,2 | Tullow Oil plc | 9,441,853 | 3,700 |
| Picton Property Income Ltd. | 4,440,730 | 3,652 | |
| Halfords Group plc | 1,750,309 | 3,535 | |
| * | AO World plc | 2,780,707 | 3,530 |
| * | Synthomer plc | 974,099 | 3,205 |
| * | 888 Holdings plc | 2,878,434 | 3,197 |
| FDM Group Holdings plc | 708,608 | 3,078 | |
| *,3 | Home REIT plc | 5,987,549 | 2,875 |
| *,2 | ASOS plc | 554,242 | 2,674 |
| * | S4 Capital plc | 4,017,517 | 2,668 |
| 1 | CMC Markets plc | 830,180 | 2,279 |
| * | Capita plc | 13,392,925 | 2,230 |
| Helical plc | 832,796 | 2,185 | |
| PZ Cussons plc | 1,869,846 | 2,109 | |
| * | SIG plc | 5,396,840 | 1,990 |
| 1 | Bakkavor Group plc | 1,195,501 | 1,629 |
| Ithaca Energy plc | 916,760 | 1,540 | |
| * | Rank Group plc | 1,686,460 | 1,465 |
| Vanquis Banking Group plc | 2,166,612 | 1,443 | |
| CLS Holdings plc | 1,319,199 | 1,431 | |
| Ferrexpo plc | 2,332,309 | 1,285 | |
| *,3 | Evraz plc | 4,134,463 | — |
| *,3 | NMC Health plc | 510,606 | — |
| *,1,3 | Finablr plc | 1,120,022 | — |
| *,3 | Carillion plc | 2,500,529 | — |
| 23,704,575 | |||
| United States (0.0%) | |||
| * | Seadrill Ltd. | 385,389 | 19,328 |
| Gen Digital Inc. | 91 | 2 | |
| 19,330 | |||
| Total Common Stocks (Cost $148,446,350) | 188,554,407 | ||
| Preferred Stocks (0.5%) | |||
| Samsung Electronics Co. Ltd. Preference Shares | 6,808,853 | 339,845 | |
| Volkswagen AG Preference Shares | 1,664,608 | 220,767 | |
| Henkel AG & Co. KGaA Preference Shares | 1,345,627 | 108,156 | |
| *,2 | Sartorius AG Preference Shares | 203,765 | 80,917 |
| Bayerische Motoren Werke AG Preference Shares | 471,595 | 50,603 | |
| Hyundai Motor Co. Preference Shares (XKRX) | 286,767 | 33,421 | |
| FUCHS SE Preference Shares | 564,768 | 27,980 | |
| Hyundai Motor Co. Preference Shares | 182,503 | 21,443 | |
| * | Grifols SA Preference Shares Class B (XMAD) | 2,306,910 | 15,215 |
| LG Chem Ltd. Preference Shares | 63,121 | 14,083 | |
| * | Telecom Italia SpA Preference Shares | 49,745,961 | 12,233 |
| Sixt SE Preference Shares | 134,546 | 9,871 | |
| Danieli & C Officine Meccaniche SpA Preference Shares | 299,677 | 7,901 | |
| Samsung Fire & Marine Insurance Co. Ltd. (XKRX) Preference Shares | 31,697 | 5,508 | |
| LG Electronics Inc. Preference Shares | 153,165 | 5,277 | |
| Shares | Market Value ($000) | ||
| Draegerwerk AG & Co. KGaA Preference Shares | 71,214 | 3,916 | |
| Samsung SDI Co. Ltd. Preference Shares | 15,739 | 3,173 | |
| LG H&H Co. Ltd. Preference Shares | 21,708 | 2,740 | |
| Amorepacific Corp. (XKRX) Preference Shares | 90,788 | 2,464 | |
| Daishin Securities Co. Ltd. Preference Shares | 188,928 | 2,053 | |
| CJ CheilJedang Corp. Preference Shares | 18,855 | 1,936 | |
| Corem Property Group AB Preference Shares | 73,970 | 1,620 | |
| Hanwha Corp. Preference Shares | 140,238 | 1,581 | |
| Mirae Asset Securities Co. Ltd. (XKRX) Preference Shares | 229,377 | 638 | |
| Total Preferred Stocks (Cost $852,590) | 973,341 | ||
| Rights (0.0%) | |||
| *,3 | AHL Strom-Munksjo OYJ | 70,191 | 1,351 |
| * | Foosung Co. Ltd. Exp. 4/11/24 | 62,788 | 61 |
| * | Dawonsys Co. Ltd. Exp. 4/23/24 | 23,538 | 59 |
| Total Rights (Cost $1,129) | 1,471 | ||
| Warrants (0.0%) | |||
| *,2,3 | Webuild SpA Exp. 8/2/30 | 196,679 | 183 |
| *,2 | Paradigm Biopharmaceuticals Ltd. Exp. 11/30/24 | 127,344 | 4 |
| *,2 | PointsBet Holdings Ltd. Exp. 7/8/24 | 79,796 | — |
| *,3 | Constellation Software Inc. Exp. 3/31/40 | 152,472 | — |
| Total Warrants (Cost $—) | 187 | ||
| Temporary Cash Investments (1.9%) | |||
| Money Market Fund (1.9%) | |||
| 4,5 | Vanguard Market Liquidity Fund, 5.407% (Cost $3,525,686) | 35,266,586 | 3,525,953 |
| Total Investments (100.9%) (Cost $152,825,755) | 193,055,359 | ||
| Other Assets and Liabilities—Net (-0.9%) | (1,653,774) | ||
| Net Assets (100%) | 191,401,585 | ||
| Cost is in $000. | |||
| * | Non-income-producing security. |
| 1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2024, the aggregate value was $3,137,203,000, representing 1.6% of net assets. |
| 2 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,709,183,000. |
| 3 | Security value determined using significant unobservable inputs. |
| 4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 5 | Collateral of $2,932,743,000 was received for securities on loan. |
| GDR—Global Depositary Receipt. | |
| Ptg. Ctf.—Participating Certificates. | |
| REIT—Real Estate Investment Trust. |
Derivative Financial
Instruments Outstanding as of Period End
| Futures Contracts | ||||
| ($000) | ||||
| Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
| Long Futures Contracts | ||||
| E-mini S&P 500 Index | June 2024 | 377 | 100,065 | 563 |
| Euro Stoxx 50 Index | June 2024 | 10,532 | 573,235 | 12,929 |
| FTSE 100 Index | June 2024 | 2,954 | 297,824 | 9,308 |
| S&P ASX 200 Index | June 2024 | 1,828 | 236,784 | 6,307 |
| S&P TSX 60 Index | June 2024 | 1,166 | 230,936 | 3,476 |
| Topix Index | June 2024 | 2,578 | 471,731 | 13,608 |
| 46,191 | ||||
| Forward Currency Contracts | |||||||
| Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized Depreciation ($000) | ||||
| Counterparty | Receive | Deliver | |||||
| State Street Bank & Trust Co. | 6/20/24 | AUD | 147,787 | USD | 98,031 | — | (1,506) |
| UBS AG | 6/20/24 | AUD | 112,763 | USD | 73,731 | — | (82) |
| Morgan Stanley Capital Services Inc. | 6/20/24 | AUD | 21,602 | USD | 14,334 | — | (225) |
| Toronto-Dominion Bank | 6/20/24 | CAD | 262,543 | USD | 195,060 | — | (1,012) |
| Deutsche Bank AG | 6/20/24 | CHF | 74,560 | USD | 85,169 | — | (1,749) |
| State Street Bank & Trust Co. | 4/2/24 | CHF | 14,126 | USD | 15,598 | 69 | — |
| State Street Bank & Trust Co. | 4/3/24 | DKK | 70,000 | USD | 10,122 | 4 | — |
| BNP Paribas | 6/20/24 | EUR | 154,095 | USD | 169,184 | — | (2,393) |
| Morgan Stanley Capital Services Inc. | 6/20/24 | EUR | 154,095 | USD | 168,801 | — | (2,009) |
| Royal Bank of Canada | 6/20/24 | EUR | 151,795 | USD | 166,598 | — | (2,296) |
| Toronto-Dominion Bank | 6/20/24 | EUR | 32,616 | USD | 35,836 | — | (532) |
| UBS AG | 6/20/24 | GBP | 125,814 | USD | 160,768 | — | (1,905) |
| UBS AG | 6/20/24 | JPY | 44,029,679 | USD | 302,360 | — | (7,872) |
| BNP Paribas | 6/20/24 | JPY | 3,993,040 | USD | 27,434 | — | (727) |
| Toronto-Dominion Bank | 7/2/24 | JPY | 1,460,250 | USD | 9,906 | — | (122) |
| State Street Bank & Trust Co. | 6/20/24 | USD | 111,012 | CHF | 96,298 | 3,270 | — |
| UBS AG | 6/20/24 | USD | 110,856 | CHF | 96,298 | 3,115 | — |
| BNP Paribas | 6/20/24 | USD | 92,806 | CHF | 80,658 | 2,564 | — |
| JPMorgan Chase Bank, N.A. | 6/20/24 | USD | 28,063 | DKK | 190,400 | 410 | — |
| JPMorgan Chase Bank, N.A. | 6/20/24 | USD | 90,791 | EUR | 83,639 | 260 | — |
| Deutsche Bank AG | 6/20/24 | USD | 64,575 | EUR | 59,405 | 276 | — |
| JPMorgan Chase Bank, N.A. | 6/20/24 | USD | 18,123 | GBP | 14,344 | 11 | — |
| State Street Bank & Trust Co. | 6/20/24 | USD | 13,781 | HKD | 107,513 | 12 | — |
| State Street Bank & Trust Co. | 4/2/24 | USD | 1,353 | HKD | 10,586 | 1 | — |
| BNP Paribas | 6/20/24 | USD | 108,591 | JPY | 16,230,919 | 32 | — |
| JPMorgan Chase Bank, N.A. | 6/20/24 | USD | 67,944 | JPY | 10,151,923 | 45 | — |
| UBS AG | 6/20/24 | USD | 61,223 | JPY | 9,151,847 | 12 | — |
| Forward Currency Contracts (continued) | |||||||
| Contract Settlement Date | Contract Amount (000) | Unrealized Appreciation ($000) | Unrealized Depreciation ($000) | ||||
| Counterparty | Receive | Deliver | |||||
| State Street Bank & Trust Co. | 6/20/24 | USD | 26,840 | JPY | 4,012,138 | 5 | — |
| State Street Bank & Trust Co. | 6/20/24 | USD | 50,079 | KRW | 65,425,183 | 1,391 | — |
| Standard Chartered Bank | 6/20/24 | USD | 6,356 | KRW | 8,536,952 | 3 | — |
| State Street Bank & Trust Co. | 6/20/24 | USD | 15,062 | NOK | 157,024 | 570 | — |
| JPMorgan Chase Bank, N.A. | 4/2/24 | USD | 2,361 | NZD | 3,934 | 10 | — |
| Deutsche Bank AG | 6/20/24 | USD | 40,604 | SEK | 414,519 | 1,748 | — |
| HSBC Bank plc | 6/20/24 | USD | 6,228 | SGD | 8,251 | 95 | — |
| 13,903 | (22,430) | ||||||
| AUD—Australian dollar. |
| CAD—Canadian dollar. |
| CHF—Swiss franc. |
| DKK—Danish krone. |
| EUR—euro. |
| GBP—British pound. |
| HKD—Hong Kong dollar. |
| JPY—Japanese yen. |
| KRW—Korean won. |
| NOK—Norwegian krone. |
| NZD—New Zealand dollar. |
| SEK—Swedish krona. |
| SGD—Singapore dollar. |
| USD—U.S. dollar. |
| Over-the-Counter Total Return Swaps | ||||||
| Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid)1 (%) | Value and Unrealized Appreciation ($000) | Value and Unrealized (Depreciation) ($000) |
| Hanwha Ocean Co. | 7/31/24 | GSI | 5,076 | (3.824) | 7 | — |
| 1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
| GSI—Goldman Sachs International. |
At March 31, 2024, the
counterparties had deposited in segregated accounts securities with a value of $4,609,000 and cash of $500,000 in connection with open forward currency contracts and open over-the-counter swap contracts.
A. Security Valuation:
Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official
closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which
market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by
methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring
news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the
foreign markets close and the fund’s pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the
same securities. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Foreign Currency:
Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the
valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the
effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or
liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C. Futures Contracts: The fund
uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts
to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The
primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid
market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts
on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to
secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in
the Schedule of Investments.
Futures contracts are valued at
their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
D. Forward Currency Contracts:
The fund enters into forward currency contracts to protect the value of securities and related receivables and payables against changes in future foreign exchange rates. Risks associated with these types of forward
currency contracts include movement in the values of the foreign currencies relative to the U.S. dollar and the ability of the counterparties to fulfill their obligations under the contracts. The fund mitigates its
counterparty risk by entering into forward currency contracts only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its
counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or
rehypothecated. The master netting arrangements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate the forward currency contracts, determine the net amount owed
by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The forward currency contracts
contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the
time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of
collateral received or pledged is compared daily to the value of the forward currency contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and
settled within two business days.
Forward currency contracts are
valued at their quoted daily prices obtained from an independent third party, adjusted for currency risk based on the expiration date of each contract. Fluctuations in the value of the contracts are recorded as an
asset (liability).
E. Swap Contracts: The fund
has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the
referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in
respect of the selected referenced stock) over a
specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a
floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary
cash investments.
A risk associated with all types of
swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap
contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with
its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold,
or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance
with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty
may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount
would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily
to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on
market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are
made or the termination of the swap, at which time realized gain (loss) is recorded.
F. Various inputs may be used
to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not
necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant
unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the
market value of the fund’s investments and derivatives as of March 31, 2024, based on the inputs used to value them:
| Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
| Investments | ||||
| Assets | ||||
| Common Stocks | 18,166,965 | 170,357,409 | 30,033 | 188,554,407 |
| Preferred Stocks | — | 973,341 | — | 973,341 |
| Rights | 61 | 59 | 1,351 | 1,471 |
| Warrants | 4 | — | 183 | 187 |
| Temporary Cash Investments | 3,525,953 | — | — | 3,525,953 |
| Total | 21,692,983 | 171,330,809 | 31,567 | 193,055,359 |
| Derivative Financial Instruments | ||||
| Assets | ||||
| Futures Contracts1 | 46,191 | — | — | 46,191 |
| Forward Currency Contracts | — | 13,903 | — | 13,903 |
| Swap Contracts | — | 7 | — | 7 |
| Total | 46,191 | 13,910 | — | 60,101 |
| Liabilities | ||||
| Forward Currency Contracts | — | 22,430 | — | 22,430 |
| 1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |