Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—98.0%
|
|
|
|
Australia—3.5%
|
|
148,200
|
|
Sonic Healthcare Ltd.
|
$3,314,033
|
|
|
Canada—16.3%
|
|
120,075
|
|
Canadian Utilities Ltd., Class A
|
3,337,246
|
84,117
|
|
Emera, Inc.
|
3,349,381
|
97,925
|
|
Pembina Pipeline Corp.
|
3,474,532
|
42,960
|
|
TC Energy Corp.
|
1,851,037
|
152,467
|
|
TELUS Corp.
|
3,285,664
|
|
|
TOTAL
|
15,297,860
|
|
|
Finland—11.1%
|
|
91,320
|
|
Elisa Communications Oyj
|
5,205,873
|
212,200
|
|
Nordea Bank Abp
|
2,474,603
|
74,950
|
|
UPM - Kymmene Oyj
|
2,718,135
|
|
|
TOTAL
|
10,398,611
|
|
|
France—7.7%
|
|
7,000
|
|
Sanofi
|
687,864
|
139,236
|
|
Scor SA
|
3,436,711
|
49,775
|
|
TotalEnergies SE
|
3,092,374
|
|
|
TOTAL
|
7,216,949
|
|
|
Germany—24.9%
|
|
18,825
|
|
Allianz SE
|
4,490,931
|
30,875
|
|
Bayer AG
|
1,915,081
|
80,100
|
|
Deutsche Post AG
|
3,430,977
|
84,950
|
|
Deutsche Telekom AG, Class REG
|
1,889,943
|
225,750
|
|
E.On AG
|
2,452,886
|
20,483
|
|
Muenchener Rueckversicherungs-Gesellschaft AG
|
7,377,136
|
12,000
|
|
Siemens AG
|
1,864,381
|
|
|
TOTAL
|
23,421,335
|
|
|
Italy—9.6%
|
|
238,203
|
|
Enel SpA
|
1,402,061
|
443,502
|
|
Italgas SpA
|
2,592,381
|
544,725
|
|
Snam Rete Gas SpA
|
2,776,275
|
286,797
|
|
Terna SpA
|
2,275,733
|
|
|
TOTAL
|
9,046,450
|
|
|
Mexico—5.8%
|
|
2,864,150
|
|
Kimberly-Clark de Mexico
|
5,452,844
|
|
|
Netherlands—7.9%
|
|
108,750
|
|
Koninklijke Ahold NV
|
3,240,860
|
1,223,950
|
|
Koninklijke KPN NV
|
4,181,504
|
|
|
TOTAL
|
7,422,364
|
|
|
Norway—6.0%
|
|
517,150
|
|
Orkla ASA
|
3,862,503
|
168,275
|
|
Telenor ASA
|
1,760,612
|
|
|
TOTAL
|
5,623,115
|
|
|
Spain—3.2%
|
|
258,151
|
|
Iberdrola SA
|
3,018,786
|
Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—continued
|
|
|
|
United Kingdom—2.0%
|
|
37,200
|
|
Unilever PLC
|
$1,900,503
|
|
|
TOTAL COMMON STOCKS
(IDENTIFIED COST $86,330,859)
|
92,112,850
|
|
|
TOTAL INVESTMENTS—98.0%
(IDENTIFIED COST $86,330,859)
|
92,112,850
|
|
|
OTHER ASSETS AND LIABILITIES - NET—2.0%1
|
1,843,405
|
|
|
TOTAL NET ASSETS—100%
|
$93,956,255
|
Valuation Inputs
|
|
|
|
|
|
Level 1—
Quoted
Prices
|
Level 2—
Other
Significant
Observable
Inputs
|
Level 3—
Significant
Unobservable
Inputs
|
Total
|
Equity Securities:
|
|
|
|
|
Common Stocks
|
|
|
|
|
International
|
$20,750,704
|
$71,362,146
|
$—
|
$92,112,850
|
TOTAL SECURITIES
|
$20,750,704
|
$71,362,146
|
$—
|
$92,112,850
|