Quarterly Holdings Report
for
Strategic Advisers® International Fund
Offered exclusively to certain clients of Strategic Advisers LLC - not available for sale to the general publicMay 31, 2020
Schedule of Investments May 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 50.8% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 2.7% | |||
Diversified Telecommunication Services - 0.3% | |||
Deutsche Telekom AG | 300,259 | $4,712,155 | |
Hellenic Telecommunications Organization SA | 459,795 | 6,461,606 | |
Koninklijke KPN NV | 1,117,066 | 2,730,522 | |
KT Corp. | 142,441 | 2,806,889 | |
Nippon Telegraph & Telephone Corp. | 1,178,200 | 26,817,231 | |
Nippon Telegraph & Telephone Corp. sponsored ADR | 49,968 | 1,135,773 | |
NOS SGPS | 156,796 | 644,338 | |
Telecom Italia SpA | 1,301,248 | 483,047 | |
Telefonica SA | 693,610 | 3,247,963 | |
Telefonica SA sponsored ADR (a) | 36,396 | 173,245 | |
49,212,769 | |||
Entertainment - 0.4% | |||
Amuse, Inc. | 10,000 | 222,820 | |
Avex, Inc. | 47,900 | 423,281 | |
NetEase, Inc. ADR | 44,996 | 17,228,968 | |
Nintendo Co. Ltd. | 49,000 | 19,922,366 | |
Sea Ltd. ADR (a)(b) | 90,104 | 7,190,299 | |
Square Enix Holdings Co. Ltd. | 174,800 | 8,477,018 | |
Tencent Music Entertainment Group ADR (b) | 130,872 | 1,690,866 | |
Vivendi SA | 354,500 | 8,105,764 | |
63,261,382 | |||
Interactive Media & Services - 0.9% | |||
Alphabet, Inc. Class A (b) | 7,242 | 10,381,552 | |
Baidu.com, Inc. sponsored ADR (b) | 323,156 | 34,432,272 | |
Carsales.com Ltd. | 174,790 | 1,881,576 | |
Kakao Corp. | 23,456 | 5,016,156 | |
NAVER Corp. | 86,632 | 15,889,974 | |
realestate.com.au Ltd. | 3,730 | 249,792 | |
Scout24 AG (c) | 108,495 | 8,279,898 | |
SEEK Ltd. | 219,545 | 2,945,778 | |
Tencent Holdings Ltd. | 738,300 | 39,983,278 | |
Yahoo! Japan Corp. | 1,279,600 | 5,220,678 | |
Yandex NV Series A (b) | 117,632 | 4,732,335 | |
YY, Inc. ADR (b) | 74,455 | 4,545,478 | |
133,558,767 | |||
Media - 0.1% | |||
Altice Europe NV Class A (b) | 46,343 | 185,195 | |
Chinese Universe Publishing and Media Group Co. Ltd. (A Shares) | 20,754 | 32,975 | |
CyberAgent, Inc. | 141,800 | 7,139,636 | |
Informa PLC | 703,169 | 4,028,105 | |
Kadokawa Corp. | 10,100 | 165,953 | |
Publicis Groupe SA | 9,994 | 284,781 | |
Stroer Out-of-Home Media AG (a) | 56,542 | 4,089,104 | |
Telenet Group Holding NV | 2,812 | 115,057 | |
WPP PLC | 774,388 | 5,893,457 | |
21,934,263 | |||
Wireless Telecommunication Services - 1.0% | |||
Advanced Info Service PCL (For. Reg.) | 881,600 | 5,335,052 | |
China Mobile Ltd. | 1,172,400 | 8,289,739 | |
KDDI Corp. | 966,800 | 28,220,116 | |
Millicom International Cellular SA (depository receipt) | 4,828 | 116,005 | |
NTT DOCOMO, Inc. | 282,600 | 7,766,888 | |
SK Telecom Co. Ltd. | 109,349 | 19,195,638 | |
SoftBank Corp. | 4,300 | 54,465 | |
SoftBank Group Corp. | 476,300 | 21,755,372 | |
Tele2 AB (B Shares) | 518,890 | 6,900,140 | |
Vodafone Group PLC | 22,844,417 | 37,567,634 | |
Vodafone Group PLC sponsored ADR | 672,830 | 11,108,423 | |
146,309,472 | |||
TOTAL COMMUNICATION SERVICES | 414,276,653 | ||
CONSUMER DISCRETIONARY - 3.9% | |||
Auto Components - 0.4% | |||
Autoliv, Inc. (depositary receipt) | 66,819 | 4,182,503 | |
Continental AG | 17,252 | 1,706,096 | |
Continental AG sponsored ADR | 26,891 | 264,876 | |
DENSO Corp. | 95,700 | 3,686,180 | |
Eagle Industry Co. Ltd. | 17,600 | 123,703 | |
JTEKT Corp. | 73,600 | 593,059 | |
Koito Manufacturing Co. Ltd. | 254,000 | 10,751,634 | |
Kyb Corp. (b) | 2,000 | 39,594 | |
Magna International, Inc. Class A | 200,578 | 8,460,380 | |
Michelin CGDE Series B | 55,143 | 5,581,069 | |
Schaeffler AG | 11,564 | 88,573 | |
Stanley Electric Co. Ltd. | 203,400 | 4,939,539 | |
Sumitomo Rubber Industries Ltd. | 246,000 | 2,500,032 | |
Toyoda Gosei Co. Ltd. | 20,500 | 437,772 | |
Toyota Industries Corp. | 254,200 | 12,987,547 | |
TPR Co. Ltd. | 19,100 | 260,169 | |
Valeo SA | 61,458 | 1,511,105 | |
Yokohama Rubber Co. Ltd. | 2,800 | 42,242 | |
Yorozu Corp. | 17,400 | 187,157 | |
58,343,230 | |||
Automobiles - 0.3% | |||
Fiat Chrysler Automobiles NV (Italy) | 543,576 | 4,792,175 | |
Honda Motor Co. Ltd. | 269,800 | 7,025,216 | |
Kia Motors Corp. | 19,593 | 544,625 | |
Mitsubishi Motors Corp. of Japan | 165,400 | 466,240 | |
Nissan Motor Co. Ltd. | 203,900 | 772,725 | |
Nissan Motor Co. Ltd. sponsored ADR (a) | 30,600 | 232,254 | |
Peugeot Citroen SA | 263,890 | 3,750,983 | |
Renault SA | 15,566 | 349,123 | |
Suzuki Motor Corp. | 142,800 | 4,960,163 | |
Toyota Motor Corp. | 289,800 | 18,263,873 | |
Volkswagen AG | 21,026 | 3,323,603 | |
Yamaha Motor Co. Ltd. | 29,000 | 418,146 | |
44,899,126 | |||
Distributors - 0.0% | |||
Inchcape PLC | 1,109,800 | 6,859,868 | |
Diversified Consumer Services - 0.1% | |||
Offcn Education Technology Co. A Shares | 603,300 | 2,485,134 | |
TAL Education Group ADR (b) | 244,554 | 13,807,519 | |
16,292,653 | |||
Hotels, Restaurants & Leisure - 0.6% | |||
Aristocrat Leisure Ltd. | 394,725 | 6,767,034 | |
Carnival PLC | 62,858 | 830,128 | |
Carnival PLC sponsored ADR | 2,824 | 38,209 | |
Collins Foods Ltd. | 95,921 | 511,489 | |
Colowide Co. Ltd. (a) | 80,800 | 1,207,748 | |
Compass Group PLC | 2,959,476 | 43,384,144 | |
Create Restaurants Holdings, Inc. | 58,000 | 447,457 | |
Evolution Gaming Group AB (c) | 112,576 | 6,640,425 | |
Flight Centre Travel Group Ltd. | 81,842 | 713,537 | |
Gaming VC Holdings SA | 526,400 | 5,154,025 | |
Greggs PLC | 197,638 | 4,510,653 | |
InterContinental Hotel Group PLC | 29,974 | 1,438,574 | |
Melco Crown Entertainment Ltd. sponsored ADR | 86,328 | 1,383,838 | |
Paddy Power Betfair PLC (a) | 38,033 | 4,828,594 | |
Sands China Ltd. | 174,400 | 685,059 | |
Sushiro Global Holdings Ltd. (a) | 93,600 | 1,978,840 | |
The Restaurant Group PLC | 97,144 | 73,183 | |
TUI AG | 178,808 | 962,656 | |
Watami Co. Ltd. | 17,900 | 174,610 | |
Wolverhampton & Dudley Breweries PLC | 420,484 | 322,484 | |
Yum China Holdings, Inc. | 179,529 | 8,319,374 | |
90,372,061 | |||
Household Durables - 0.4% | |||
Barratt Developments PLC | 325,800 | 1,999,744 | |
Electrolux AB (B Shares) | 38,864 | 635,803 | |
Nikon Corp. | 22,700 | 208,382 | |
Panasonic Corp. | 1,278,200 | 11,451,263 | |
Persimmon PLC | 470,334 | 13,319,177 | |
Pressance Corp. | 9,900 | 118,695 | |
Sekisui Chemical Co. Ltd. | 58,900 | 821,962 | |
Sony Corp. | 537,700 | 34,824,610 | |
Starts Corp., Inc. | 11,400 | 231,605 | |
Sumitomo Forestry Co. Ltd. | 76,500 | 972,521 | |
Taylor Wimpey PLC | 309,446 | 548,790 | |
Token Corp. | 7,300 | 500,227 | |
65,632,779 | |||
Internet & Direct Marketing Retail - 0.5% | |||
Alibaba Group Holding Ltd. sponsored ADR (b) | 150,705 | 31,254,710 | |
ASKUL Corp. | 12,200 | 367,657 | |
ASOS PLC (b) | 202,482 | 7,491,955 | |
Boohoo.Com PLC (b) | 618,576 | 2,957,217 | |
HelloFresh AG (b) | 46,976 | 1,908,533 | |
Media Do Holdings Co. Ltd. | 9,000 | 359,266 | |
Meituan Dianping Class B (b) | 309,300 | 5,890,942 | |
MercadoLibre, Inc. (b) | 6,420 | 5,467,721 | |
Rakuten, Inc. | 1,636,400 | 14,809,462 | |
Trainline PLC (c) | 72,174 | 434,622 | |
Zalando SE (b)(c) | 112,685 | 7,610,231 | |
78,552,316 | |||
Leisure Products - 0.1% | |||
Sankyo Co. Ltd. (Gunma) | 15,900 | 409,129 | |
Sega Sammy Holdings, Inc. | 568,900 | 7,406,329 | |
Yamaha Corp. | 84,500 | 4,105,707 | |
11,921,165 | |||
Multiline Retail - 0.1% | |||
Debenhams PLC (b)(d) | 913,233 | 11 | |
J. Front Retailing Co. Ltd. | 99,200 | 841,652 | |
Lojas Renner SA | 177,770 | 1,284,229 | |
Magazine Luiza SA | 306,200 | 3,692,440 | |
Next PLC | 77,215 | 4,638,336 | |
10,456,668 | |||
Specialty Retail - 0.2% | |||
Adastria Co. Ltd. | 23,300 | 378,953 | |
EDION Corp. | 21,900 | 203,069 | |
Geo Holdings Corp. | 42,400 | 529,975 | |
H&M Hennes & Mauritz AB (B Shares) (a) | 187,497 | 2,851,555 | |
Hornbach Holding AG & Co. KGaA | 2,840 | 204,285 | |
Kingfisher PLC | 3,044,345 | 7,388,581 | |
Kingfisher PLC ADR | 61,868 | 295,110 | |
Mekonomen AB | 82,922 | 550,024 | |
Metro AG (b) | 50,996 | 150,238 | |
Nojima Co. Ltd. | 15,100 | 351,300 | |
Super Retail Group Ltd. | 116,935 | 652,383 | |
USS Co. Ltd. | 805,500 | 14,026,881 | |
WH Smith PLC | 395,745 | 5,195,360 | |
32,777,714 | |||
Textiles, Apparel & Luxury Goods - 1.2% | |||
adidas AG | 53,214 | 14,112,752 | |
Brunello Cucinelli SpA | 52,990 | 1,721,119 | |
Burberry Group PLC | 410,736 | 7,669,850 | |
Compagnie Financiere Richemont SA Series A | 696,184 | 40,921,511 | |
Essilor International SA | 201,818 | 26,266,214 | |
Hermes International SCA | 5,789 | 4,805,422 | |
Kering SA | 28,469 | 14,925,148 | |
Li Ning Co. Ltd. | 1,875,500 | 6,353,709 | |
lululemon athletica, Inc. (b) | 35,794 | 10,741,600 | |
LVMH Moet Hennessy Louis Vuitton SE | 107,750 | 45,203,856 | |
Moncler SpA | 237,258 | 8,809,668 | |
Pandora A/S | 8,124 | 403,711 | |
Puma AG | 114,755 | 8,175,492 | |
Samsonite International SA (c) | 2,078,700 | 1,978,545 | |
Seiko Holdings Corp. | 32,500 | 549,678 | |
Shenzhou International Group Holdings Ltd. | 291,000 | 3,501,723 | |
TSI Holdings Co. Ltd. | 18,300 | 78,396 | |
Yue Yuen Industrial (Holdings) Ltd. | 51,000 | 73,437 | |
196,291,831 | |||
TOTAL CONSUMER DISCRETIONARY | 612,399,411 | ||
CONSUMER STAPLES - 6.7% | |||
Beverages - 1.4% | |||
Anheuser-Busch InBev SA NV ADR (a) | 54,900 | 2,573,712 | |
Coca-Cola European Partners PLC | 110,106 | 4,150,996 | |
Coca-Cola HBC AG | 7,419 | 190,404 | |
Coca-Cola West Co. Ltd. | 44,200 | 877,074 | |
Diageo PLC | 2,290,348 | 79,910,001 | |
Heineken Holding NV | 140,596 | 11,564,683 | |
Heineken NV (Bearer) | 269,237 | 24,650,512 | |
ITO EN Ltd. | 470,300 | 26,950,290 | |
Kirin Holdings Co. Ltd. | 639,200 | 13,083,907 | |
Kweichow Moutai Co. Ltd. (A Shares) | 33,807 | 6,473,172 | |
Pernod Ricard SA | 265,695 | 41,320,356 | |
Royal Unibrew A/S | 27,863 | 2,228,160 | |
213,973,267 | |||
Food & Staples Retailing - 0.5% | |||
AEON Co. Ltd. | 4,300 | 95,035 | |
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 263,611 | 8,251,904 | |
Bim Birlesik Magazalar A/S JSC | 72,204 | 688,513 | |
Carrefour SA (a) | 720,891 | 10,927,073 | |
Coles Group Ltd. | 233,660 | 2,392,260 | |
J Sainsbury PLC | 590,676 | 1,415,201 | |
Magnit OJSC | 54,413 | 2,893,054 | |
Matsumotokiyoshi Holdings Co. Ltd. | 107,500 | 4,022,092 | |
Metro Wholesale & Food Specialist AG | 12,478 | 116,295 | |
Qol Holdings Co. Ltd. | 50,800 | 607,179 | |
Seven & i Holdings Co. Ltd. | 750,300 | 25,736,120 | |
Seven & i Holdings Co. Ltd. ADR | 4,000 | 68,300 | |
Sugi Holdings Co. Ltd. | 41,500 | 2,678,288 | |
Tesco PLC | 5,300,000 | 15,049,385 | |
Welcia Holdings Co. Ltd. | 54,200 | 4,548,287 | |
X5 Retail Group NV: | |||
GDR | 11,465 | 340,482 | |
GDR (Reg. S) | 3,371 | 98,973 | |
79,928,441 | |||
Food Products - 2.3% | |||
AarhusKarlshamn AB | 80,492 | 1,463,755 | |
Aryzta AG (b) | 1,279,495 | 665,156 | |
Associated British Foods PLC | 59,014 | 1,327,187 | |
Bakkafrost (b) | 25,595 | 1,592,982 | |
Danone SA | 856,423 | 58,922,297 | |
Ezaki Glico Co. Ltd. | 228,400 | 11,034,021 | |
Foshan Haitian Flavouring & Food Co. Ltd. (A Shares) | 210,000 | 3,380,714 | |
Itoham Yonekyu Holdings, Inc. | 17,400 | 108,100 | |
JBS SA | 38,600 | 158,919 | |
Kerry Group PLC Class A | 184,966 | 22,852,284 | |
Kikkoman Corp. | 5,700 | 286,467 | |
La Doria SpA | 17,325 | 202,317 | |
Lindt & Spruengli AG (participation certificate) | 228 | 1,898,815 | |
Mowi ASA | 419,900 | 7,907,075 | |
Nestle SA (Reg. S) | 1,806,329 | 196,125,885 | |
New Hampshire Foods Ltd. | 45,000 | 1,660,717 | |
Nissin Food Holdings Co. Ltd. | 73,000 | 6,092,077 | |
Orior AG | 5,675 | 436,629 | |
Tangrenshen Group Co. Ltd. (A Shares) | 125,900 | 150,644 | |
Toyo Suisan Kaisha Ltd. | 503,500 | 26,284,992 | |
Vitasoy International Holdings Ltd. | 296,000 | 1,104,862 | |
WH Group Ltd. (c) | 2,001,000 | 1,740,760 | |
WH Group Ltd. ADR | 4,700 | 81,240 | |
Wilmar International Ltd. | 2,153,200 | 6,065,781 | |
351,543,676 | |||
Household Products - 0.6% | |||
Colgate-Palmolive Co. | 411,056 | 29,731,680 | |
Essity AB Class B | 18,125 | 597,848 | |
Reckitt Benckiser Group PLC | 677,420 | 60,674,177 | |
Unicharm Corp. | 5,100 | 189,633 | |
91,193,338 | |||
Personal Products - 1.5% | |||
Beiersdorf AG | 16,493 | 1,725,717 | |
Kao Corp. | 695,400 | 55,757,094 | |
Kobayashi Pharmaceutical Co. Ltd. | 288,300 | 25,663,499 | |
Kose Corp. | 32,500 | 4,065,325 | |
L'Oreal SA | 236,889 | 69,482,268 | |
Mandom Corp. | 18,900 | 381,523 | |
Pola Orbis Holdings, Inc. | 85,000 | 1,652,001 | |
Rohto Pharmaceutical Co. Ltd. | 461,100 | 14,152,172 | |
Shiseido Co. Ltd. | 143,300 | 8,729,946 | |
Unilever NV | 149,716 | 7,737,010 | |
Unilever PLC | 864,968 | 46,443,258 | |
Unilever PLC sponsored ADR (a) | 87,787 | 4,744,887 | |
240,534,700 | |||
Tobacco - 0.4% | |||
British American Tobacco PLC (United Kingdom) | 1,206,075 | 47,833,465 | |
Imperial Brands PLC | 383,100 | 6,938,429 | |
Japan Tobacco, Inc. | 473,900 | 9,405,109 | |
Swedish Match Co. AB | 22,950 | 1,591,938 | |
65,768,941 | |||
TOTAL CONSUMER STAPLES | 1,042,942,363 | ||
ENERGY - 1.3% | |||
Energy Equipment & Services - 0.1% | |||
BW Offshore Ltd. | 45,973 | 151,529 | |
CGG SA (b) | 192,985 | 207,239 | |
Core Laboratories NV (a) | 115,015 | 2,325,603 | |
John Wood Group PLC | 86,681 | 205,806 | |
Petrofac Ltd. | 104,654 | 221,014 | |
Tenaris SA | 221,967 | 1,396,902 | |
Tenaris SA sponsored ADR | 38,509 | 487,524 | |
The Drilling Co. of 1972 A/S (b) | 74,100 | 1,612,177 | |
WorleyParsons Ltd. | 760,865 | 4,260,098 | |
10,867,892 | |||
Oil, Gas & Consumable Fuels - 1.2% | |||
BP PLC | 6,740,493 | 25,775,250 | |
BP PLC sponsored ADR | 121,160 | 2,803,642 | |
BW LPG Ltd. (c) | 20,015 | 66,464 | |
Cairn Energy PLC (b) | 2,884,841 | 4,460,599 | |
Eni SpA | 1,271,099 | 11,560,064 | |
EnQuest PLC (b) | 797,199 | 116,373 | |
Equinor ASA | 644,651 | 9,360,645 | |
Galp Energia SGPS SA Class B | 792,100 | 9,424,558 | |
Gazprom OAO | 3,119,820 | 8,929,583 | |
Gulf Keystone Petroleum Ltd. | 2,267 | 1,996 | |
Hindustan Petroleum Corp. Ltd. (b) | 151,255 | 389,216 | |
Idemitsu Kosan Co. Ltd. | 310,000 | 6,870,045 | |
INPEX Corp. | 534,400 | 3,720,905 | |
Japan Petroleum Exploration Co. Ltd. | 18,600 | 349,079 | |
JX Holdings, Inc. | 2,924,900 | 11,236,368 | |
Lukoil PJSC | 34,065 | 2,562,288 | |
Lundin Petroleum AB | 5,832 | 140,500 | |
Neste Oyj | 252,996 | 10,200,044 | |
Oil Search Ltd. ADR | 1,583,146 | 3,672,256 | |
OMV AG | 30,038 | 990,974 | |
Ovintiv, Inc. | 50,228 | 386,253 | |
Premier Oil PLC (a)(b) | 701,171 | 231,121 | |
Reliance Industries Ltd. | 412,307 | 7,986,011 | |
Reliance Industries Ltd. rights (b) | 27,487 | 80,710 | |
Repsol SA | 90,171 | 848,967 | |
Rosneft Oil Co. OJSC | 256,270 | 1,370,562 | |
Royal Dutch Shell PLC: | |||
Class A | 254,046 | 4,056,033 | |
Class B sponsored ADR | 228,100 | 6,943,364 | |
Class B (United Kingdom) | 177,103 | 2,703,808 | |
Santos Ltd. | 1,006,500 | 3,595,931 | |
TC Energy Corp. | 69,922 | 3,151,149 | |
Total SA | 1,094,385 | 41,499,949 | |
VERBIO Vereinigte BioEnergie AG | 9,444 | 93,197 | |
185,577,904 | |||
TOTAL ENERGY | 196,445,796 | ||
FINANCIALS - 6.3% | |||
Banks - 2.9% | |||
ABN AMRO Group NV GDR (c) | 128,030 | 1,018,700 | |
AIB Group PLC | 6,527,794 | 7,238,932 | |
Aozora Bank Ltd. | 35,500 | 659,011 | |
Australia & New Zealand Banking Group Ltd. | 411,110 | 4,892,836 | |
Banco Bilbao Vizcaya Argentaria SA | 4,150,944 | 12,784,307 | |
Barclays PLC | 22,467,543 | 32,118,454 | |
BNP Paribas SA | 1,432,248 | 51,540,045 | |
BNP Paribas SA ADR | 11,100 | 199,134 | |
CaixaBank SA | 5,757,159 | 10,709,709 | |
Canadian Imperial Bank of Commerce | 103,659 | 6,647,095 | |
Chiba Bank Ltd. | 742,900 | 3,526,958 | |
China Merchants Bank Co. Ltd. (H Shares) | 2,357,500 | 11,108,684 | |
Close Brothers Group PLC | 111,435 | 1,483,568 | |
Concordia Financial Group Ltd. | 85,400 | 278,741 | |
Credit Agricole SA | 78,212 | 686,636 | |
DBS Group Holdings Ltd. | 941,900 | 12,980,459 | |
DNB ASA | 791,227 | 10,798,545 | |
Erste Group Bank AG | 168,662 | 3,700,468 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 1,884,032 | 5,713,822 | |
HDFC Bank Ltd. | 1,042,865 | 13,206,886 | |
ING Groep NV: | |||
(Certificaten Van Aandelen) | 5,334,169 | 34,680,648 | |
sponsored ADR (a) | 376,623 | 2,402,855 | |
Intesa Sanpaolo SpA | 2,095,435 | 3,646,202 | |
Jyske Bank A/S (Reg.) (b) | 92,529 | 2,554,653 | |
KB Financial Group, Inc. | 27,839 | 763,642 | |
KBC Groep NV | 417,867 | 21,924,324 | |
Lloyds Banking Group PLC | 14,236,320 | 5,250,406 | |
Mebuki Financial Group, Inc. | 1,227,400 | 2,777,000 | |
Mediobanca SpA | 743,800 | 4,892,972 | |
Mitsubishi UFJ Financial Group, Inc. | 6,181,200 | 25,658,988 | |
Mitsubishi UFJ Financial Group, Inc. sponsored ADR | 72,005 | 300,261 | |
National Bank of Canada | 220,071 | 9,583,802 | |
North Pacific Bank Ltd. | 1,092,400 | 2,056,259 | |
PT Bank Central Asia Tbk | 8,251,700 | 14,656,510 | |
Resona Holdings, Inc. | 60,100 | 216,114 | |
Sberbank of Russia | 218,610 | 628,257 | |
Shinsei Bank Ltd. | 18,800 | 240,459 | |
Societe Generale Series A | 142,527 | 2,108,380 | |
Standard Chartered PLC (United Kingdom) | 411,356 | 1,871,563 | |
Sumitomo Mitsui Financial Group, Inc. | 1,095,800 | 31,802,668 | |
Sumitomo Mitsui Financial Group, Inc. ADR (a) | 90,441 | 520,940 | |
Sumitomo Mitsui Trust Holdings, Inc. | 155,200 | 4,591,583 | |
Svenska Handelsbanken AB (A Shares) (b) | 1,743,025 | 16,464,649 | |
Swedbank AB (A Shares) (b) | 360,867 | 4,532,030 | |
Sydbank A/S (b) | 122,689 | 2,139,473 | |
The Hachijuni Bank Ltd. | 728,800 | 2,689,623 | |
UniCredit SpA | 6,201,309 | 52,770,928 | |
United Overseas Bank Ltd. | 433,400 | 6,002,800 | |
449,020,979 | |||
Capital Markets - 1.3% | |||
3i Group PLC | 700,195 | 7,134,112 | |
BM&F BOVESPA SA | 557,300 | 4,757,044 | |
Brewin Dolphin Holding PLC | 186,156 | 643,727 | |
Brookfield Asset Management, Inc. (Canada) Class A | 253,431 | 7,957,165 | |
BT Investment Management Ltd. | 105,054 | 443,250 | |
Daiwa Securities Group, Inc. | 1,955,600 | 8,100,204 | |
Deutsche Borse AG | 71,378 | 11,718,583 | |
Euronext NV (c) | 336,046 | 30,924,010 | |
Hong Kong Exchanges and Clearing Ltd. | 313,900 | 11,047,211 | |
IG Group Holdings PLC | 211,147 | 1,994,864 | |
Intermediate Capital Group PLC | 387,293 | 6,074,497 | |
JAFCO Co. Ltd. | 18,300 | 614,270 | |
Julius Baer Group Ltd. | 420,756 | 18,108,513 | |
Jupiter Fund Management PLC | 142,203 | 439,403 | |
London Stock Exchange Group PLC | 113,522 | 11,323,025 | |
Macquarie Group Ltd. | 316,867 | 23,226,511 | |
Nomura Holdings, Inc. | 594,800 | 2,563,486 | |
Partners Group Holding AG | 11,152 | 9,211,009 | |
President Securities Corp. | 619,000 | 270,576 | |
Standard Life PLC | 499,887 | 1,594,642 | |
UBS Group AG | 3,539,759 | 37,907,588 | |
XP, Inc. Class A (b) | 37,216 | 1,129,878 | |
197,183,568 | |||
Consumer Finance - 0.0% | |||
AEON Financial Service Co. Ltd. | 34,700 | 390,293 | |
Credit Saison Co. Ltd. | 34,600 | 411,626 | |
Flexigroup Ltd. | 163,343 | 123,575 | |
Hoist Finance AB (b)(c) | 67,182 | 176,109 | |
JACCS Co. Ltd. | 5,400 | 94,536 | |
Provident Financial PLC | 28,792 | 69,694 | |
1,265,833 | |||
Diversified Financial Services - 0.3% | |||
Challenger Ltd. | 2,358,120 | 7,874,742 | |
Element Financial Corp. | 1,024,700 | 7,286,061 | |
EXOR NV | 55,800 | 3,001,651 | |
Groupe Bruxelles Lambert SA | 89,100 | 7,192,405 | |
Industrivarden AB (A Shares) | 4,699 | 105,026 | |
Investor AB: | |||
(A Shares) | 4,282 | 224,403 | |
(B Shares) | 193,770 | 10,302,813 | |
M&G PLC | 805,040 | 1,391,914 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 736,000 | 3,589,745 | |
ORIX Corp. | 990,100 | 13,119,318 | |
54,088,078 | |||
Insurance - 1.8% | |||
AEGON NV | 473,100 | 1,269,658 | |
AEGON NV (NY Reg.) (a) | 443,059 | 1,182,968 | |
AIA Group Ltd. | 5,002,400 | 41,048,606 | |
Allianz SE | 133,187 | 24,071,997 | |
Aon PLC | 105,639 | 20,805,601 | |
Aviva PLC | 7,918,294 | 24,424,272 | |
AXA SA | 938,587 | 17,222,048 | |
CNP Assurances | 97,156 | 1,019,703 | |
Coface SA | 54,573 | 310,769 | |
Dai-ichi Mutual Life Insurance Co. | 313,300 | 4,075,849 | |
Direct Line Insurance Group PLC | 696,885 | 2,277,288 | |
Fairfax Financial Holdings Ltd. (sub. vtg.) | 18,965 | 5,268,216 | |
Hiscox Ltd. | 1,450,893 | 13,266,879 | |
MAPFRE SA (Reg.) | 281,027 | 493,823 | |
MS&AD Insurance Group Holdings, Inc. | 39,300 | 1,153,364 | |
MS&AD Insurance Group Holdings, Inc. ADR | 5,200 | 76,596 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 65,180 | 14,863,582 | |
NKSJ Holdings, Inc. | 142,300 | 5,056,272 | |
NN Group NV | 76,892 | 2,360,204 | |
PICC Property & Casualty Co. Ltd. (H Shares) | 8,006,000 | 7,004,657 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 1,835,000 | 18,159,394 | |
Prudential PLC | 1,109,538 | 14,389,945 | |
Saga PLC | 297,511 | 76,278 | |
Sampo Oyj (A Shares) | 246,732 | 8,865,202 | |
Storebrand ASA (A Shares) | 1,042,912 | 5,354,704 | |
Sun Life Financial, Inc. (a) | 289,787 | 9,940,545 | |
T&D Holdings, Inc. | 148,800 | 1,342,505 | |
Talanx AG | 99,500 | 3,494,637 | |
Tokio Marine Holdings, Inc. | 226,100 | 9,786,590 | |
Tokio Marine Holdings, Inc. ADR | 3,484 | 151,380 | |
Tryg A/S | 52,862 | 1,478,371 | |
Unipol Gruppo SpA | 156,166 | 547,099 | |
Zurich Insurance Group Ltd. | 67,287 | 21,774,197 | |
282,613,199 | |||
Thrifts & Mortgage Finance - 0.0% | |||
Indiabulls Housing Finance Ltd. | 33,215 | 53,663 | |
TOTAL FINANCIALS | 984,225,320 | ||
HEALTH CARE - 6.5% | |||
Biotechnology - 0.2% | |||
Abcam PLC | 86,935 | 1,615,839 | |
Ascendis Pharma A/S sponsored ADR (b) | 19,834 | 2,885,649 | |
CSL Ltd. | 100,177 | 18,444,032 | |
Galapagos Genomics NV (b) | 8,386 | 1,701,256 | |
Galapagos Genomics NV sponsored ADR (a)(b) | 1,600 | 324,448 | |
Genmab A/S (b) | 34,009 | 10,432,908 | |
Genmab A/S ADR | 25,500 | 776,985 | |
GNI Group Ltd. (b) | 22,500 | 379,086 | |
Idorsia Ltd. (b) | 16,472 | 500,428 | |
Vitrolife AB | 64,973 | 1,330,828 | |
Zealand Pharma A/S (b) | 6,220 | 244,534 | |
38,635,993 | |||
Health Care Equipment & Supplies - 1.4% | |||
AK Medical Holdings Ltd. (c) | 532,000 | 1,640,703 | |
Alcon, Inc. (Switzerland) (b) | 185,695 | 11,947,189 | |
Arjo AB | 34,377 | 193,729 | |
ASAHI INTECC Co. Ltd. | 182,600 | 5,587,463 | |
Carl Zeiss Meditec AG | 29,087 | 2,973,727 | |
Coloplast A/S Series B | 41,912 | 7,021,586 | |
Eiken Chemical Co. Ltd. | 67,200 | 1,149,650 | |
Elekta AB (B Shares) (a) | 482,225 | 5,081,952 | |
Getinge AB (B Shares) | 70,367 | 1,297,554 | |
GN Store Nord A/S | 19,269 | 1,037,892 | |
Hogy Medical Co. Ltd. | 10,900 | 356,781 | |
Hoya Corp. | 157,800 | 14,793,064 | |
Koninklijke Philips Electronics NV | 926,026 | 42,099,889 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 51,536 | 2,342,827 | |
Medacta Group SA (b)(c) | 2,726 | 231,560 | |
Nihon Kohden Corp. | 516,800 | 17,227,465 | |
Olympus Corp. | 1,299,000 | 22,542,339 | |
Paramount Bed Holdings Co. Ltd. | 10,300 | 399,699 | |
PolyNovo Ltd. (b) | 171,140 | 313,702 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 64,100 | 2,503,917 | |
Siemens Healthineers AG (c) | 198,620 | 10,312,551 | |
Siemens Healthineers AG ADR | 3,000 | 77,580 | |
Smith & Nephew PLC | 453,255 | 9,247,097 | |
Sonova Holding AG Class B | 13,789 | 3,017,867 | |
Straumann Holding AG | 11,064 | 8,949,669 | |
Terumo Corp. | 1,157,000 | 45,380,963 | |
217,728,415 | |||
Health Care Providers & Services - 0.4% | |||
Aier Eye Hospital Group Co. Ltd. (A Shares) | 644,800 | 3,537,829 | |
Ambea AB (c) | 66,424 | 418,034 | |
Amplifon SpA | 90,241 | 2,499,292 | |
Estia Health Ltd. | 51,256 | 52,272 | |
Fresenius SE & Co. KGaA | 588,242 | 28,208,651 | |
Medipal Holdings Corp. | 140,000 | 2,774,167 | |
Notre Dame Intermedica Participacoes SA (b) | 234,000 | 2,731,893 | |
Orpea | 25,063 | 2,937,917 | |
Sinopharm Group Co. Ltd. (H Shares) | 1,896,021 | 4,682,639 | |
Sonic Healthcare Ltd. | 395,058 | 7,417,891 | |
Spire Healthcare Group PLC (c) | 91,336 | 107,160 | |
Suzuken Co. Ltd. | 5,000 | 181,511 | |
Topchoice Medical Corp. (b) | 130,500 | 2,594,184 | |
58,143,440 | |||
Health Care Technology - 0.0% | |||
M3, Inc. | 73,300 | 2,949,808 | |
Life Sciences Tools & Services - 0.4% | |||
Eurofins Scientific SA | 7,013 | 4,731,590 | |
Evotec OAI AG (a)(b) | 112,665 | 3,041,551 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 313,100 | 3,722,237 | |
ICON PLC (b) | 46,703 | 7,867,120 | |
Lonza Group AG | 38,549 | 19,036,294 | |
Samsung Biologics Co. Ltd. (b)(c) | 1,860 | 938,944 | |
Sartorius Stedim Biotech (b) | 24,018 | 6,499,996 | |
Siegfried Holding AG (b) | 2,717 | 1,126,575 | |
Tecan Group AG | 9,178 | 3,202,471 | |
WuXi AppTec Co. Ltd. | 133,200 | 1,987,572 | |
Wuxi Biologics (Cayman), Inc. (b)(c) | 156,000 | 2,463,515 | |
54,617,865 | |||
Pharmaceuticals - 4.1% | |||
Astellas Pharma, Inc. | 2,217,200 | 39,616,801 | |
AstraZeneca PLC: | |||
(United Kingdom) | 168,917 | 18,192,327 | |
sponsored ADR | 185,011 | 10,101,601 | |
Bausch Health Cos., Inc. (United States) (b) | 65,000 | 1,201,200 | |
Bayer AG | 1,025,322 | 70,090,599 | |
Bayer AG sponsored ADR | 92,531 | 1,582,271 | |
Chugai Pharmaceutical Co. Ltd. | 43,500 | 6,409,337 | |
Daiichi Sankyo Kabushiki Kaisha | 53,800 | 5,031,045 | |
GlaxoSmithKline PLC | 193,752 | 4,013,134 | |
GlaxoSmithKline PLC sponsored ADR | 317,174 | 13,295,934 | |
Ipca Laboratories Ltd. | 57,029 | 1,127,380 | |
Ipsen SA | 48,587 | 3,813,134 | |
Kyorin Holdings, Inc. | 400 | 8,646 | |
Kyowa Hakko Kirin Co., Ltd. | 573,900 | 15,549,500 | |
Merck KGaA ADR | 6,300 | 148,617 | |
Novartis AG | 1,005,609 | 87,544,268 | |
Novartis AG sponsored ADR | 40,479 | 3,539,079 | |
Novo Nordisk A/S: | |||
Series B | 926,233 | 60,672,597 | |
Series B sponsored ADR | 19,605 | 1,292,754 | |
Otsuka Holdings Co. Ltd. | 294,100 | 13,264,516 | |
Roche Holding AG: | |||
(participation certificate) | 372,189 | 129,194,906 | |
sponsored ADR | 27,388 | 1,187,270 | |
Sanofi SA | 458,678 | 44,865,498 | |
Sanofi SA sponsored ADR | 47,800 | 2,347,458 | |
Santen Pharmaceutical Co. Ltd. | 2,564,000 | 47,311,976 | |
Shionogi & Co. Ltd. | 76,600 | 4,542,452 | |
Takeda Pharmaceutical Co. Ltd. | 1,104,900 | 43,222,917 | |
Takeda Pharmaceutical Co. Ltd. ADR | 216,511 | 4,221,965 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (b) | 214,078 | 2,682,397 | |
UCB SA | 5,902 | 589,636 | |
636,661,215 | |||
TOTAL HEALTH CARE | 1,008,736,736 | ||
INDUSTRIALS - 8.7% | |||
Aerospace & Defense - 0.5% | |||
Airbus Group NV | 374,109 | 23,908,189 | |
Dassault Aviation SA | 3,800 | 3,235,352 | |
Leonardo SpA | 159,766 | 993,150 | |
Meggitt PLC | 1,562,220 | 5,344,277 | |
MTU Aero Engines Holdings AG | 65,273 | 10,498,917 | |
Rolls-Royce Holdings PLC | 5,907,315 | 20,134,872 | |
Safran SA | 188,004 | 18,115,845 | |
Senior Engineering Group PLC | 325,958 | 249,586 | |
82,480,188 | |||
Air Freight & Logistics - 0.3% | |||
Deutsche Post AG | 912,090 | 28,565,033 | |
DSV A/S | 124,572 | 13,134,029 | |
Kintetsu World Express, Inc. | 12,000 | 193,277 | |
41,892,339 | |||
Airlines - 0.4% | |||
Air France KLM (Reg.) (a)(b) | 1,395,742 | 6,294,982 | |
Deutsche Lufthansa AG (a) | 102,571 | 1,042,698 | |
International Consolidated Airlines Group SA CDI | 1,549,346 | 4,409,777 | |
Japan Airlines Co. Ltd. | 317,200 | 6,228,767 | |
Qantas Airways Ltd. | 235,008 | 625,012 | |
Ryanair Holdings PLC sponsored ADR (b) | 626,934 | 44,995,053 | |
63,596,289 | |||
Building Products - 0.5% | |||
Agc, Inc. | 49,700 | 1,405,582 | |
Agc, Inc. ADR | 9,900 | 55,836 | |
Belimo Holding AG (Reg.) | 338 | 2,540,799 | |
Central Glass Co. Ltd. | 10,400 | 189,398 | |
Compagnie de St. Gobain | 146,589 | 4,797,202 | |
Daikin Industries Ltd. | 253,200 | 37,282,496 | |
Geberit AG (Reg.) | 18,882 | 9,238,787 | |
Kingspan Group PLC (Ireland) | 126,968 | 7,829,263 | |
Nibe Industrier AB (B Shares) | 156,162 | 3,463,803 | |
Nichias Corp. | 2,500 | 57,606 | |
Sanwa Holdings Corp. | 78,200 | 670,006 | |
Toto Ltd. | 278,000 | 11,007,094 | |
78,537,872 | |||
Commercial Services & Supplies - 0.5% | |||
A-Living Services Co. Ltd. (H Shares) (c) | 462,000 | 2,498,250 | |
Aggreko PLC | 90,090 | 522,705 | |
AMA Group Ltd. | 201,831 | 85,427 | |
Babcock International Group PLC | 44,776 | 211,682 | |
Brambles Ltd. | 1,490,496 | 11,564,225 | |
Country Garden Services Holdings Co. Ltd. | 1,076,000 | 5,098,094 | |
DO & CO Restaurants & Catering AG | 3,869 | 214,674 | |
ISS Holdings A/S | 55,370 | 918,140 | |
Rentokil Initial PLC | 1,585,292 | 9,804,332 | |
Ritchie Bros. Auctioneers, Inc. | 191,501 | 8,288,154 | |
Secom Co. Ltd. | 292,400 | 25,307,261 | |
SG Fleet Group Ltd. | 74,291 | 85,915 | |
Shanks Group PLC | 496,053 | 143,354 | |
Sohgo Security Services Co., Ltd. | 163,500 | 8,035,143 | |
Tomra Systems ASA | 127,497 | 4,578,783 | |
Toppan Printing Co. Ltd. | 73,900 | 1,262,902 | |
78,619,041 | |||
Construction & Engineering - 0.1% | |||
ACS Actividades de Construccion y Servicios SA | 64,582 | 1,652,657 | |
Balfour Beatty PLC | 3,683,042 | 11,398,684 | |
Samsung Engineering Co. Ltd. (b) | 18,172 | 178,453 | |
VINCI SA | 44,677 | 4,168,149 | |
17,397,943 | |||
Electrical Equipment - 1.4% | |||
ABB Ltd. (Reg.) | 2,758,967 | 54,744,113 | |
Denyo Co. Ltd. | 12,000 | 213,640 | |
Legrand SA | 690,584 | 46,991,524 | |
Melrose Industries PLC | 7,458,497 | 10,606,747 | |
Mitsubishi Electric Corp. | 943,900 | 12,415,245 | |
Nexans SA | 14,913 | 607,207 | |
Ningbo Sanxing Medical Electric Co. Ltd. | 658,600 | 634,862 | |
Philips Lighting NV (c) | 35,373 | 755,081 | |
Prysmian SpA | 538,379 | 11,441,581 | |
Schneider Electric SA | 776,770 | 76,910,148 | |
Siemens Gamesa Renewable Energy SA (b) | 517,700 | 8,697,674 | |
TKH Group NV (depositary receipt) | 16,544 | 582,895 | |
224,600,717 | |||
Industrial Conglomerates - 0.8% | |||
CJ Corp. | 3,761 | 280,514 | |
CK Hutchison Holdings Ltd. | 2,387,500 | 14,699,548 | |
DCC PLC (United Kingdom) | 223,153 | 18,552,985 | |
Lifco AB | 39,638 | 2,420,966 | |
Nolato AB (B Shares) | 35,056 | 2,366,198 | |
Siemens AG | 682,675 | 75,268,149 | |
Toshiba Corp. | 432,490 | 11,806,301 | |
125,394,661 | |||
Machinery - 2.1% | |||
Aalberts Industries NV | 4,547 | 124,418 | |
Andritz AG | 12,954 | 485,167 | |
Atlas Copco AB (A Shares) | 468,028 | 18,512,828 | |
Bodycote PLC | 37,459 | 279,884 | |
China International Marine Containers Group Co. Ltd. | 259,220 | 255,325 | |
CNH Industrial NV | 181,133 | 1,096,216 | |
Duerr AG | 15,002 | 354,708 | |
Electrolux Professional AB (b) | 28,865 | 104,492 | |
Epiroc AB Class A | 477,060 | 5,340,010 | |
Fanuc Corp. | 267,900 | 47,873,353 | |
FLSmidth & Co. A/S | 18,955 | 515,147 | |
Furukawa Co. Ltd. | 6,000 | 62,089 | |
GEA Group AG | 787,966 | 23,432,722 | |
Glory Ltd. | 31,400 | 744,784 | |
Harmonic Drive Systems, Inc. | 52,400 | 3,022,189 | |
Hino Motors Ltd. | 84,300 | 569,843 | |
IHI Corp. | 10,200 | 146,505 | |
IMI PLC | 1,162,012 | 12,915,763 | |
Kawasaki Heavy Industries Ltd. | 54,900 | 868,463 | |
KION Group AG | 148,879 | 8,296,209 | |
Kitz Corp. | 59,300 | 394,802 | |
Knorr-Bremse AG | 53,128 | 5,613,215 | |
Komatsu Ltd. | 559,400 | 11,311,868 | |
Kubota Corp. | 1,102,100 | 14,812,870 | |
Misumi Group, Inc. | 134,300 | 3,564,065 | |
Mitsubishi Heavy Industries Ltd. | 99,100 | 2,561,466 | |
Mitsuboshi Belting Ltd. | 14,100 | 214,027 | |
Morgan Advanced Materials PLC | 35,343 | 92,972 | |
Nachi-Fujikoshi Corp. | 5,000 | 161,111 | |
Nordson Corp. | 65,067 | 12,255,369 | |
Noritake Co. Ltd. | 1,100 | 37,433 | |
Rotork PLC | 691,289 | 2,269,246 | |
Ryobi Ltd. | 14,000 | 181,872 | |
Schindler Holding AG (participation certificate) | 92,053 | 21,352,697 | |
Sintokogio Ltd. | 37,400 | 273,620 | |
SMC Corp. | 91,200 | 45,978,432 | |
Spirax-Sarco Engineering PLC | 290,578 | 35,419,860 | |
Star Micronics Co. Ltd. | 42,700 | 509,969 | |
Sunonwealth Electric Machine Industry Co. Ltd. | 54,000 | 96,580 | |
Techtronic Industries Co. Ltd. | 1,712,000 | 14,935,294 | |
THK Co. Ltd. | 244,800 | 6,355,788 | |
Tongyu Heavy Industry Co. Ltd. (A Shares) | 1,756,300 | 465,082 | |
VAT Group AG (c) | 16,822 | 3,029,289 | |
Vesuvius PLC | 32,206 | 146,449 | |
Volvo AB (B Shares) | 853,743 | 12,073,298 | |
Wartsila Corp. | 501,375 | 3,909,216 | |
323,016,005 | |||
Marine - 0.0% | |||
A.P. Moller - Maersk A/S Series B | 6,800 | 6,704,278 | |
Nippon Yusen KK | 48,700 | 701,294 | |
7,405,572 | |||
Professional Services - 1.3% | |||
51job, Inc. sponsored ADR (b) | 77,110 | 4,972,824 | |
Adecco SA (Reg.) | 40,159 | 1,931,004 | |
ALS Ltd. | 181,447 | 864,746 | |
BayCurrent Consulting, Inc. | 2,600 | 182,503 | |
Benefit One, Inc. | 123,500 | 2,695,711 | |
Centre Testing International Group Co. Ltd. (A Shares) | 1,438,500 | 3,648,023 | |
Experian PLC | 1,015,044 | 35,600,134 | |
Experian PLC ADR | 11,200 | 391,888 | |
Intertek Group PLC | 342,998 | 23,323,555 | |
McMillan Shakespeare Ltd. | 17,175 | 98,911 | |
Meitec Corp. | 27,900 | 1,345,264 | |
Nihon M&A Center, Inc. | 137,300 | 5,512,625 | |
NOMURA Co. Ltd. | 14,800 | 133,940 | |
Persol Holdings Co., Ltd. | 548,700 | 7,250,197 | |
Recruit Holdings Co. Ltd. | 250,900 | 8,642,738 | |
RELX PLC: | |||
(Euronext N.V.) | 264,184 | 6,096,822 | |
(London Stock Exchange) | 1,263,515 | 29,234,863 | |
SGS SA (Reg.) | 10,652 | 24,974,277 | |
SR Teleperformance SA | 49,419 | 11,690,146 | |
TechnoPro Holdings, Inc. | 127,700 | 7,637,489 | |
Thomson Reuters Corp. | 60,326 | 4,040,574 | |
Tinexta SpA | 14,097 | 180,895 | |
United Technology Holdings Co. Ltd. | 34,200 | 640,586 | |
Wolters Kluwer NV | 241,978 | 19,253,798 | |
World Holdings Co. Ltd. | 6,100 | 102,096 | |
200,445,609 | |||
Road & Rail - 0.2% | |||
Canadian National Railway Co. | 135,806 | 11,698,145 | |
Central Japan Railway Co. | 55,200 | 9,460,279 | |
East Japan Railway Co. | 46,300 | 3,636,529 | |
Hankyu Hanshin Holdings, Inc. | 57,900 | 2,136,789 | |
Seibu Holdings, Inc. | 114,400 | 1,493,581 | |
The Go-Ahead Group PLC | 6,430 | 86,557 | |
Tobu Railway Co. Ltd. | 34,300 | 1,214,947 | |
Tokyu Corp. | 54,600 | 864,730 | |
West Japan Railway Co. | 39,200 | 2,526,582 | |
33,118,139 | |||
Trading Companies & Distributors - 0.4% | |||
AerCap Holdings NV (b) | 8,600 | 277,264 | |
Ashtead Group PLC | 464,163 | 13,717,664 | |
Bunzl PLC | 321,032 | 7,479,492 | |
Daiichi Jitsugyo Co. Ltd. | 1,100 | 38,504 | |
Imcd NV | 25,357 | 2,387,474 | |
Indutrade AB | 66,860 | 2,548,791 | |
Marubeni Corp. | 647,500 | 3,141,887 | |
Mitsubishi Corp. | 242,700 | 5,659,887 | |
MonotaRO Co. Ltd. | 119,800 | 4,348,992 | |
Rexel SA | 522,988 | 5,273,651 | |
Sojitz Corp. | 156,600 | 364,473 | |
Sumitomo Corp. | 571,000 | 6,880,038 | |
Toromont Industries Ltd. | 32,324 | 1,559,328 | |
Toyota Tsusho Corp. | 54,300 | 1,374,556 | |
55,052,001 | |||
Transportation Infrastructure - 0.2% | |||
Aena Sme SA (b)(c) | 85,193 | 12,123,680 | |
Airports of Thailand PCL (For. Reg.) | 905,800 | 1,765,470 | |
Astm SpA | 9,663 | 198,439 | |
Atlantia SpA | 93,950 | 1,544,514 | |
Beijing Capital International Airport Co. Ltd. (H Shares) | 8,166,000 | 5,116,013 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 12,201 | 1,264,878 | |
Guangxi Wuzhou Communications Co. Ltd. (A Shares) | 1,396,997 | 671,365 | |
Sydney Airport unit | 305,719 | 1,192,095 | |
23,876,454 | |||
TOTAL INDUSTRIALS | 1,355,432,830 | ||
INFORMATION TECHNOLOGY - 8.3% | |||
Communications Equipment - 0.1% | |||
Ericsson (B Shares) | 1,106,625 | 10,133,750 | |
Nokia Corp. | 151,985 | 604,383 | |
Nokia Corp. sponsored ADR (a) | 379,000 | 1,497,050 | |
12,235,183 | |||
Electronic Equipment & Components - 1.8% | |||
Alps Electric Co. Ltd. | 120,500 | 1,454,782 | |
Comet Holding AG | 59 | 7,214 | |
Daeduck Electronics Co. Ltd. (b) | 22,772 | 171,139 | |
Daeduck Electronics Co. Ltd. | 13,174 | 71,422 | |
Daiwabo Holdings Co. Ltd. | 27,400 | 1,836,914 | |
Electrocomponents PLC | 25,229 | 198,008 | |
Enplas Corp. | 6,600 | 140,819 | |
Halma PLC | 1,076,397 | 30,973,862 | |
Hamamatsu Photonics K.K. | 141,800 | 6,416,468 | |
Hexagon AB (B Shares) (b) | 255,917 | 14,047,182 | |
Hexing Electrical Co. Ltd. (A Shares) | 252,090 | 516,030 | |
Hirose Electric Co. Ltd. | 186,490 | 22,255,332 | |
Hitachi Ltd. | 1,177,380 | 37,719,393 | |
Hitachi Ltd. sponsored ADR | 978 | 64,450 | |
Hosiden Corp. | 13,800 | 120,284 | |
Ibiden Co. Ltd. | 9,300 | 245,942 | |
Ingenico SA | 10,093 | 1,391,504 | |
Keyence Corp. | 53,500 | 22,001,252 | |
Kyocera Corp. | 366,100 | 19,794,419 | |
Landis+Gyr Group AG | 12,879 | 846,281 | |
Largan Precision Co. Ltd. | 35,000 | 4,478,795 | |
LG Innotek Co. Ltd. | 4,148 | 496,555 | |
Murata Manufacturing Co. Ltd. | 456,200 | 25,660,243 | |
NAURA Technology Group Co. Ltd. | 113,300 | 2,412,918 | |
Oki Electric Industry Co. Ltd. | 62,800 | 620,750 | |
OMRON Corp. | 595,800 | 39,445,612 | |
Optex Group Co. Ltd. | 8,000 | 107,933 | |
Renishaw PLC | 39,152 | 1,861,580 | |
Samsung SDI Co. Ltd. | 19,153 | 5,580,430 | |
Sanshin Electronic Co. Ltd. | 10,900 | 167,171 | |
Shenzhen Aisidi Co. Ltd. (A Shares) | 422,800 | 424,148 | |
Shimadzu Corp. | 690,100 | 18,653,081 | |
Spectris PLC | 343,376 | 10,873,138 | |
TDK Corp. | 35,300 | 3,299,402 | |
Topcon Corp. | 18,500 | 162,108 | |
Victory Giant Technology Huizhou Co. Ltd. (A Shares) | 242,674 | 728,983 | |
Xiamen Faratronic Co. Ltd. (A Shares) | 104,167 | 781,116 | |
Yokogawa Electric Corp. | 375,600 | 5,405,269 | |
281,431,929 | |||
IT Services - 1.6% | |||
Adyen BV (b)(c) | 9,727 | 12,773,391 | |
Amadeus IT Holding SA Class A | 1,276,301 | 66,739,573 | |
Capgemini SA | 89,388 | 9,138,636 | |
Computershare Ltd. | 211,133 | 1,843,572 | |
EPAM Systems, Inc. (b) | 40,220 | 9,276,341 | |
Fujitsu Ltd. | 181,740 | 18,705,679 | |
GMO Payment Gateway, Inc. | 31,600 | 3,554,249 | |
Ines Corp. | 15,500 | 201,502 | |
iomart Group PLC | 22,044 | 91,202 | |
IT Holdings Corp. | 222,600 | 4,741,177 | |
Link Administration Holdings Ltd. | 102,343 | 276,278 | |
NEC Corp. | 45,900 | 2,057,828 | |
Nomura Research Institute Ltd. | 1,655,800 | 43,726,815 | |
NS Solutions Corp. | 48,200 | 1,319,360 | |
NTT Data Corp. | 542,500 | 6,262,808 | |
OBIC Co. Ltd. | 125,800 | 21,790,013 | |
Softcat PLC | 133,644 | 1,891,477 | |
Visa, Inc. Class A | 39,660 | 7,743,218 | |
Wirecard AG (a) | 15,690 | 1,646,922 | |
Wix.com Ltd. (b) | 95,288 | 21,185,381 | |
Worldline SA (b)(c) | 98,414 | 7,332,488 | |
242,297,910 | |||
Semiconductors & Semiconductor Equipment - 2.2% | |||
Advantest Corp. | 35,000 | 1,726,552 | |
Analog Devices, Inc. | 223,440 | 25,237,548 | |
ASML Holding NV (Netherlands) | 180,261 | 59,049,846 | |
BE Semiconductor Industries NV | 16,666 | 634,923 | |
Broadcom, Inc. | 32,543 | 9,478,800 | |
Dialog Semiconductor PLC (b) | 28,517 | 1,124,396 | |
Disco Corp. | 51,800 | 11,556,475 | |
GlobalWafers Co. Ltd. | 166,000 | 2,002,369 | |
Infineon Technologies AG | 2,607,858 | 54,967,736 | |
MediaTek, Inc. | 744,000 | 11,494,277 | |
Megachips Corp. | 30,900 | 549,263 | |
Melexis NV | 19,440 | 1,274,262 | |
Mitsui High-Tec, Inc. | 28,000 | 363,225 | |
NXP Semiconductors NV | 339,393 | 32,615,667 | |
Renesas Electronics Corp. (b) | 597,500 | 3,097,061 | |
Risen Energy Co. Ltd. (A Shares) | 238,400 | 416,192 | |
Rorze Corp. | 26,100 | 1,179,818 | |
Silergy Corp. | 97,000 | 5,243,418 | |
Silicon Motion Technology Corp. sponsored ADR | 105,758 | 4,766,513 | |
Siltronic AG | 28,175 | 2,742,875 | |
STMicroelectronics NV: | |||
(Italy) | 166,014 | 4,150,595 | |
(NY Shares) unit (a) | 72,798 | 1,809,030 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,749,000 | 17,034,280 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,350,650 | 67,978,215 | |
Texas Instruments, Inc. | 93,249 | 11,072,386 | |
Tokyo Electron Ltd. | 52,700 | 10,506,282 | |
Tower Semiconductor Ltd. (b) | 28,351 | 582,037 | |
Will Semiconductor Ltd. | 52,833 | 1,358,938 | |
344,012,979 | |||
Software - 1.9% | |||
Altium Ltd. | 30,790 | 763,253 | |
ANSYS, Inc. (b) | 111,482 | 31,549,406 | |
Atlassian Corp. PLC (b) | 41,383 | 7,668,270 | |
Avast PLC (c) | 839,448 | 5,214,693 | |
Aveva Group PLC | 103,124 | 5,206,401 | |
Beijing SuperMap Software Co. Ltd. (A Shares) | 66,100 | 210,138 | |
Cadence Design Systems, Inc. (b) | 735,147 | 67,111,570 | |
Check Point Software Technologies Ltd. (b) | 39,898 | 4,375,614 | |
Constellation Software, Inc. | 7,303 | 8,301,663 | |
CyberArk Software Ltd. (b) | 24,945 | 2,588,792 | |
Dassault Systemes SA | 187,084 | 31,618,153 | |
Descartes Systems Group, Inc. (Canada) (b) | 95,169 | 4,537,091 | |
Enghouse Systems Ltd. | 42,868 | 1,863,109 | |
Globant SA (b) | 20,008 | 2,805,322 | |
Kinaxis, Inc. (b) | 22,312 | 2,880,944 | |
Micro Focus International PLC | 912,505 | 4,495,156 | |
Micro Focus International PLC sponsored ADR | 8,300 | 40,670 | |
Netcompany Group A/S (b)(c) | 36,259 | 2,200,869 | |
NICE Systems Ltd. sponsored ADR (b) | 51 | 9,493 | |
Sage Group PLC | 275,091 | 2,347,585 | |
SAP SE | 720,624 | 91,967,687 | |
SAP SE sponsored ADR | 19,700 | 2,523,570 | |
Shenzhen Ysstech Information-tech Co. Ltd. (A Shares) | 452,877 | 522,215 | |
Sichuan Jiuyuan Yinhai Software Co. Ltd. | 40,311 | 215,301 | |
TeamViewer AG (b) | 114,806 | 5,831,036 | |
Temenos Group AG | 43,637 | 6,655,799 | |
WiseTech Global Ltd. | 240,196 | 3,264,493 | |
296,768,293 | |||
Technology Hardware, Storage & Peripherals - 0.7% | |||
Brother Industries Ltd. | 38,300 | 720,578 | |
Canon, Inc. | 197,800 | 4,061,742 | |
Konica Minolta, Inc. | 85,400 | 315,959 | |
Logitech International SA (Reg.) | 85,076 | 5,013,628 | |
Ricoh Co. Ltd. | 68,200 | 503,382 | |
Samsung Electronics Co. Ltd. | 2,369,179 | 97,486,000 | |
Seiko Epson Corp. | 215,000 | 2,420,233 | |
110,521,522 | |||
TOTAL INFORMATION TECHNOLOGY | 1,287,267,816 | ||
MATERIALS - 4.2% | |||
Chemicals - 2.8% | |||
Air Liquide SA | 64,577 | 8,781,174 | |
Akzo Nobel NV | 454,059 | 37,286,316 | |
Arkema SA | 97,900 | 8,515,686 | |
Asahi Kasei Corp. | 784,800 | 6,237,414 | |
BASF AG | 924,273 | 50,306,150 | |
Christian Hansen Holding A/S | 48,159 | 4,655,864 | |
Chugoku Marine Paints Ltd. | 34,300 | 260,164 | |
Covestro AG (c) | 187,832 | 6,941,062 | |
Croda International PLC | 377,762 | 24,213,222 | |
Denki Kagaku Kogyo KK | 176,360 | 4,315,583 | |
Evonik Industries AG | 34,168 | 840,109 | |
Givaudan SA | 19,183 | 68,750,053 | |
Incitec Pivot Ltd. | 813,999 | 1,090,568 | |
Johnson Matthey PLC | 617,092 | 16,103,355 | |
Kaneka Corp. | 14,100 | 375,625 | |
Kansai Paint Co. Ltd. | 637,000 | 13,183,588 | |
Koninklijke DSM NV rights 5/27/20 (b)(e) | 6,160 | 11,146 | |
Linde PLC | 29,300 | 5,928,562 | |
Linde PLC (a) | 240,270 | 48,208,142 | |
Mitsubishi Gas Chemical Co., Inc. | 140,500 | 2,089,684 | |
Nissan Chemical Corp. | 26,200 | 1,155,186 | |
Nitto Denko Corp. | 234,700 | 12,687,663 | |
Novozymes A/S Series B | 385,259 | 21,020,960 | |
Nutrien Ltd. | 23,515 | 799,510 | |
Pidilite Industries Ltd. | 101,229 | 1,966,069 | |
Shin-Etsu Chemical Co. Ltd. | 67,800 | 7,940,262 | |
Shin-Etsu Chemical Co. Ltd. ADR | 2,200 | 64,152 | |
Sika AG | 196,959 | 33,835,602 | |
Symrise AG | 353,102 | 38,875,650 | |
Taiyo Nippon Sanso Corp. | 25,200 | 423,408 | |
Tokuyama Corp. | 14,900 | 355,903 | |
Tosoh Corp. | 79,900 | 1,109,835 | |
Umicore SA | 148,967 | 6,619,354 | |
Victrex PLC | 31,063 | 781,834 | |
435,728,855 | |||
Construction Materials - 0.1% | |||
Boral Ltd. | 127,491 | 264,285 | |
CSR Ltd. | 232,781 | 631,502 | |
HeidelbergCement AG | 215,500 | 10,779,568 | |
HeidelbergCement AG ADR | 26,260 | 260,315 | |
James Hardie Industries PLC CDI | 296,481 | 5,128,224 | |
Taiheiyo Cement Corp. | 90,400 | 2,134,997 | |
Xinjiang Tianshan Cement Co. Ltd. (A Shares) | 521,000 | 903,707 | |
20,102,598 | |||
Containers & Packaging - 0.1% | |||
Amcor PLC unit | 498,652 | 4,945,762 | |
Klabin SA unit | 40,100 | 148,112 | |
Sig Combibloc Group AG | 121,131 | 2,022,628 | |
Smurfit Kappa Group PLC | 345,808 | 11,231,866 | |
Toyo Seikan Group Holdings Ltd. | 56,800 | 603,577 | |
18,951,945 | |||
Metals & Mining - 1.1% | |||
Agnico Eagle Mines Ltd. (Canada) | 141,456 | 9,050,266 | |
Alacer Gold Corp. (b) | 68,100 | 424,373 | |
Alumina Ltd. | 1,503,305 | 1,488,012 | |
Anglo American PLC (United Kingdom) | 70,409 | 1,478,759 | |
Antofagasta PLC | 574,157 | 6,214,411 | |
ArcelorMittal SA (Netherlands) | 949,467 | 9,069,290 | |
B2Gold Corp. | 405,580 | 2,235,793 | |
BHP Billiton Ltd. | 405,054 | 9,533,290 | |
BHP Billiton Ltd. sponsored ADR (a) | 177,995 | 8,383,565 | |
BHP Billiton PLC | 572,710 | 11,262,825 | |
BHP Billiton PLC ADR | 251,526 | 9,910,124 | |
Boliden AB | 24,212 | 524,708 | |
Centamin PLC | 165,433 | 339,563 | |
Constellium NV (b) | 6,226 | 51,115 | |
Equinox Gold Corp. (b) | 223,579 | 2,052,539 | |
Ferrexpo PLC | 108,337 | 235,348 | |
First Majestic Silver Corp. (a)(b) | 118,800 | 1,189,188 | |
Fortescue Metals Group Ltd. | 315,329 | 2,921,537 | |
Fortuna Mines, Inc. (b) | 246,945 | 1,108,783 | |
Franco-Nevada Corp. | 169,221 | 23,752,515 | |
Glencore Xstrata PLC | 3,291,641 | 6,216,443 | |
Godo Steel Ltd. | 27,900 | 551,300 | |
Gold Road Resources Ltd. (b) | 966,851 | 1,166,463 | |
Granges AB | 44,772 | 356,844 | |
Iluka Resources Ltd. | 136,369 | 747,171 | |
Independence Group NL | 1,904,258 | 6,371,802 | |
Kinross Gold Corp. (b) | 362,000 | 2,371,100 | |
Mitsubishi Materials Corp. | 46,500 | 1,057,671 | |
MMC Norilsk Nickel PJSC | 8,339 | 2,636,418 | |
Newcrest Mining Ltd. | 79,443 | 1,609,748 | |
Northern Star Resources Ltd. | 155,462 | 1,533,623 | |
Osisko Gold Royalties Ltd. | 68,400 | 678,610 | |
Outokumpu Oyj (A Shares) (b) | 62,924 | 188,103 | |
Perseus Mining Ltd. (Australia) (b) | 985,116 | 850,335 | |
Pretium Resources, Inc. (b) | 39,000 | 340,080 | |
Ramelius Resources Ltd. | 482,177 | 564,048 | |
Regis Resources Ltd. | 433,804 | 1,561,421 | |
Resolute Mng Ltd. (b) | 1,469,489 | 1,116,616 | |
Rio Tinto Ltd. | 166,762 | 10,381,897 | |
Rio Tinto PLC | 264,517 | 14,345,931 | |
Rio Tinto PLC sponsored ADR | 86,539 | 4,666,183 | |
Sandfire Resources NL | 219,823 | 641,771 | |
Saracen Mineral Holdings Ltd. (b) | 415,129 | 1,413,959 | |
Silver Lake Resources Ltd. (b) | 193,800 | 282,898 | |
South32 Ltd. | 2,911,720 | 3,681,478 | |
SSR Mining, Inc. (b) | 26,459 | 508,868 | |
Uacj Corp. | 9,800 | 180,834 | |
Vale SA (b) | 77,900 | 773,701 | |
Voestalpine AG | 14,432 | 280,915 | |
Westgold Resources Ltd. (b) | 680,510 | 1,061,410 | |
Xinyu Iron & Steel Co. Ltd. | 596,200 | 340,817 | |
Yamana Gold, Inc. | 203,600 | 1,091,296 | |
170,795,758 | |||
Paper & Forest Products - 0.1% | |||
Stora Enso Oyj (R Shares) (a) | 613,073 | 7,502,972 | |
TOTAL MATERIALS | 653,082,128 | ||
REAL ESTATE - 1.1% | |||
Equity Real Estate Investment Trusts (REITs) - 0.2% | |||
Big Yellow Group PLC | 183,317 | 2,263,965 | |
British Land Co. PLC | 1,480,700 | 7,504,894 | |
Covivio | 11,317 | 661,412 | |
Goodman Group unit | 420,350 | 4,306,433 | |
Great Portland Estates PLC | 537,462 | 4,321,114 | |
Scentre Group unit | 2,105,343 | 3,129,396 | |
Segro PLC | 668,729 | 6,934,091 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit | 20,862 | 1,104,630 | |
Warehouses de Pauw | 85,638 | 2,253,456 | |
32,479,391 | |||
Real Estate Management & Development - 0.9% | |||
Aroundtown SA | 313,879 | 1,721,898 | |
Cheung Kong Property Holdings Ltd. | 1,230,100 | 6,756,392 | |
Deutsche Wohnen AG (Bearer) | 610,097 | 27,238,519 | |
Fabege AB | 144,837 | 1,752,330 | |
Grand City Properties SA | 752,328 | 17,019,780 | |
Hang Lung Group Ltd. | 205,000 | 393,797 | |
Hongkong Land Holdings Ltd. | 82,000 | 308,320 | |
IWG PLC | 127,221 | 464,755 | |
Kerry Properties Ltd. | 39,000 | 92,754 | |
LEG Immobilien AG (a) | 206,428 | 25,682,617 | |
Lendlease Group unit | 742,400 | 6,398,368 | |
Mitsui Fudosan Co. Ltd. | 482,300 | 9,273,022 | |
Savills PLC | 159,048 | 1,695,142 | |
Swire Pacific Ltd. (A Shares) | 28,000 | 147,316 | |
TAG Immobilien AG | 310,231 | 7,190,486 | |
Vonovia SE | 469,052 | 26,960,353 | |
133,095,849 | |||
TOTAL REAL ESTATE | 165,575,240 | ||
UTILITIES - 1.1% | |||
Electric Utilities - 0.5% | |||
Chubu Electric Power Co., Inc. | 201,900 | 2,716,463 | |
CLP Holdings Ltd. | 1,025,000 | 10,061,136 | |
EDF SA | 92,711 | 818,783 | |
Endesa SA | 39,864 | 944,760 | |
Enel SpA | 1,539,367 | 11,901,963 | |
Enel SpA ADR (a) | 27,500 | 210,650 | |
Fortum Corp. | 95,500 | 1,825,488 | |
Iberdrola SA | 1,600,116 | 17,325,225 | |
Kansai Electric Power Co., Inc. | 188,600 | 1,877,343 | |
Kyushu Electric Power Co., Inc. | 38,800 | 322,359 | |
Mosenergo PJSC | 1,381,000 | 39,825 | |
ORSTED A/S (c) | 139,074 | 16,295,008 | |
Scottish & Southern Energy PLC | 297,569 | 4,573,671 | |
Tokyo Electric Power Co., Inc. (b) | 415,900 | 1,399,895 | |
70,312,569 | |||
Gas Utilities - 0.2% | |||
APA Group unit | 1,000,502 | 7,742,530 | |
Beijing Enterprises Holdings Ltd. | 846,500 | 2,826,010 | |
China Resource Gas Group Ltd. | 1,030,000 | 5,642,590 | |
Gas Natural SDG SA | 132,576 | 2,456,936 | |
Rubis SCA | 34,587 | 1,647,073 | |
Snam Rete Gas SpA | 321,178 | 1,491,695 | |
21,806,834 | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
Drax Group PLC | 70,014 | 181,927 | |
Electric Power Development Co. Ltd. | 238,100 | 4,488,454 | |
Uniper SE | 15,292 | 476,994 | |
Unipro PJSC | 10,761,000 | 418,706 | |
5,566,081 | |||
Multi-Utilities - 0.4% | |||
Centrica PLC | 405,589 | 184,007 | |
ENGIE | 2,558,139 | 30,199,808 | |
National Grid PLC | 597,076 | 6,828,221 | |
RWE AG | 172,131 | 5,692,095 | |
Veolia Environnement SA | 1,004,680 | 22,123,008 | |
65,027,139 | |||
Water Utilities - 0.0% | |||
Companhia de Saneamento de Minas Gerais | 1,600 | 17,300 | |
TOTAL UTILITIES | 162,729,923 | ||
TOTAL COMMON STOCKS | |||
(Cost $6,729,685,547) | 7,883,114,216 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
COMMUNICATION SERVICES - 0.0% | |||
Diversified Telecommunication Services - 0.0% | |||
Telecom Italia SpA (Risparmio Shares) | 6,476,914 | 2,493,387 | |
CONSUMER DISCRETIONARY - 0.4% | |||
Automobiles - 0.4% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 34,906 | 1,603,368 | |
Porsche Automobil Holding SE (Germany) | 52,448 | 2,883,381 | |
Volkswagen AG | 361,058 | 53,104,997 | |
57,591,746 | |||
Multiline Retail - 0.0% | |||
Lojas Americanas SA (PN) | 139,800 | 740,091 | |
TOTAL CONSUMER DISCRETIONARY | 58,331,837 | ||
CONSUMER STAPLES - 0.3% | |||
Household Products - 0.3% | |||
Henkel AG & Co. KGaA | 440,011 | 39,211,498 | |
ENERGY - 0.0% | |||
Oil, Gas & Consumable Fuels - 0.0% | |||
Tatneft PAO | 31,786 | 230,004 | |
FINANCIALS - 0.0% | |||
Banks - 0.0% | |||
Sberbank of Russia | 78,780 | 203,383 | |
MATERIALS - 0.0% | |||
Metals & Mining - 0.0% | |||
Bradespar SA (PN) | 71,600 | 472,968 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $95,420,334) | 100,943,077 | ||
Equity Funds - 45.6% | |||
Diversified Emerging Markets Funds - 0.0% | |||
Matthews Pacific Tiger Fund Investor Class | 19,976 | 497,398 | |
Europe Stock Funds - 0.5% | |||
WisdomTree Europe Hedged Equity ETF (a) | 1,427,995 | 83,751,907 | |
Foreign Large Blend Funds - 12.7% | |||
Artisan International Value Fund Investor Class | 18,659,455 | 556,424,942 | |
Fidelity SAI International Index Fund (f) | 24,975,149 | 265,236,080 | |
Fidelity SAI International Low Volatility Index Fund (f) | 23,071,018 | 226,788,106 | |
Fidelity SAI International Quality Index Fund (f) | 2,600,000 | 27,430,000 | |
Harbor International Fund Institutional Class | 9,619 | 327,248 | |
Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class I | 30,129,380 | 400,118,171 | |
Oakmark International Fund Investor Class | 27,255,734 | 491,693,442 | |
TOTAL FOREIGN LARGE BLEND FUNDS | 1,968,017,989 | ||
Foreign Large Growth Funds - 21.2% | |||
American Funds EuroPacific Growth Fund Class F2 | 959,673 | 47,964,446 | |
Fidelity Diversified International Fund (f) | 15,697,774 | 590,393,262 | |
Fidelity International Discovery Fund (f) | 23,351,192 | 980,049,512 | |
Fidelity Overseas Fund (f) | 11,153,313 | 532,347,642 | |
Fidelity SAI International Momentum Index Fund (f) | 3,100,000 | 32,271,000 | |
Invesco Oppenheimer International Growth Fund Class R6 | 1,359,560 | 55,524,414 | |
JOHCM International Select Fund Class II Shares | 19,906,901 | 481,348,869 | |
WCM Focused International Growth Fund Investor Class | 30,510,745 | 563,228,358 | |
TOTAL FOREIGN LARGE GROWTH FUNDS | 3,283,127,503 | ||
Foreign Large Value Funds - 2.3% | |||
iShares MSCI EAFE Value ETF (a) | 2,485,485 | 97,331,593 | |
Pear Tree Polaris Foreign Value Fund Institutional Shares | 15,452,822 | 261,307,227 | |
TOTAL FOREIGN LARGE VALUE FUNDS | 358,638,820 | ||
Foreign Small Mid Blend Funds - 0.6% | |||
iShares MSCI EAFE Small-Cap ETF (a) | 580,453 | 30,816,250 | |
Oakmark International Small Cap Fund Investor Class | 427,605 | 5,327,956 | |
Victory Trivalent International Small-Cap Fund Class I | 4,159,555 | 51,911,244 | |
TOTAL FOREIGN SMALL MID BLEND FUNDS | 88,055,450 | ||
Foreign Small Mid Growth Funds - 0.7% | |||
Fidelity International Small Cap Opportunities Fund (f) | 3,020,626 | 57,210,660 | |
Oberweis International Opportunities Institutional Fund | 1,079,873 | 11,543,842 | |
T. Rowe Price International Discovery Fund | 591,105 | 40,242,415 | |
Wasatch International Growth Fund Investor Class | 90 | 2,738 | |
TOTAL FOREIGN SMALL MID GROWTH FUNDS | 108,999,655 | ||
Foreign Small Mid Value Funds - 0.6% | |||
Brandes International Small Cap Equity Fund Class A | 1,002,963 | 8,414,861 | |
Segall Bryant & Hamill International Small Capital Fund Class A | 3,348,575 | 29,634,892 | |
Transamerica International Small Cap Value Fund | 4,606,780 | 51,365,601 | |
TOTAL FOREIGN SMALL MID VALUE FUNDS | 89,415,354 | ||
Sector Funds - 0.0% | |||
SPDR Dow Jones International Real Estate ETF (a) | 201,575 | 5,803,344 | |
Other - 7.0% | |||
Fidelity Advisor Japan Fund Class I (f) | 3,419,044 | 52,995,184 | |
Fidelity Japan Smaller Companies Fund (f) | 6,854,892 | 107,416,151 | |
iShares MSCI Australia ETF (a) | 5,048,907 | 91,183,260 | |
iShares MSCI Japan ETF (a) | 15,136,363 | 838,705,874 | |
Matthews Japan Fund Investor Class | 179 | 3,745 | |
TOTAL OTHER | 1,090,304,214 | ||
TOTAL EQUITY FUNDS | |||
(Cost $5,935,554,956) | 7,076,611,634 | ||
U.S. Treasury Obligations - 0.3% | |||
U.S. Treasury Bills, yield at date of purchase 0.12% 8/13/20 (g) | |||
(Cost $39,990,672) | 40,000,000 | 39,988,949 | |
Money Market Funds - 5.5% | |||
Fidelity Securities Lending Cash Central Fund 0.10% (h)(i) | 452,137,211 | 452,182,425 | |
State Street Institutional U.S. Government Money Market Fund Premier Class .12% (j) | 400,617,957 | 400,617,957 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $852,800,382) | 852,800,382 | ||
TOTAL INVESTMENT IN SECURITIES - 102.9% | |||
(Cost $13,653,451,891) | 15,953,458,258 | ||
NET OTHER ASSETS (LIABILITIES) - (2.9)% | (444,049,932) | ||
NET ASSETS - 100% | $15,509,408,326 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME Nikkei 225 Index Contracts (United States) | 1,086 | June 2020 | $119,215,650 | $6,910,895 | $6,910,895 |
ICE E-mini MSCI EAFE Index Contracts (United States) | 1,050 | June 2020 | 90,756,750 | 14,659,444 | 14,659,444 |
TOTAL FUTURES CONTRACTS | $21,570,339 |
The notional amount of futures purchased as a percentage of Net Assets is 1.4%
Security Type Abbreviations
ETF – Exchange-Traded Fund
Legend
(a) Security or a portion of the security is on loan at period end.
(b) Non-income producing
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $144,146,042 or 0.9% of net assets.
(d) Level 3 security
(e) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(f) Affiliated Fund
(g) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $18,118,993.
(h) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(i) Includes investment made with cash collateral received from securities on loan.
(j) The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Securities Lending Cash Central Fund | $552,181 |
Total | $552,181 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
Fidelity Advisor Japan Fund Class I | $49,986,426 | $-- | $-- | $-- | $-- | $3,008,758 | $52,995,184 |
Fidelity Diversified International Fund | 620,718,700 | -- | 25,509,605 | -- | (629,257) | (4,186,576) | 590,393,262 |
Fidelity International Discovery Fund | 1,006,340,643 | -- | 27,331,727 | -- | (6,288,114) | 7,328,710 | 980,049,512 |
Fidelity International Small Cap Opportunities Fund | 53,216,114 | 2,398,088 | -- | -- | -- | 1,596,458 | 57,210,660 |
Fidelity Japan Smaller Companies Fund | 101,109,651 | -- | -- | -- | -- | 6,306,500 | 107,416,151 |
Fidelity Overseas Fund | 510,264,292 | 29,500,000 | 5,466,344 | -- | (1,606,791) | (343,515) | 532,347,642 |
Fidelity SAI International Index Fund | -- | 350,000,000 | 125,000,000 | -- | 11,446,390 | 28,789,690 | 265,236,080 |
Fidelity SAI International Low Volatility Index Fund | 154,908,004 | 81,000,000 | -- | -- | -- | (9,119,898) | 226,788,106 |
Fidelity SAI International Momentum Index Fund | -- | 31,000,000 | -- | -- | -- | 1,271,000 | 32,271,000 |
Fidelity SAI International Quality Index Fund | -- | 26,000,000 | -- | -- | -- | 1,430,000 | 27,430,000 |
Total | $2,496,543,830 | $519,898,088 | $183,307,676 | $-- | $2,922,228 | $36,081,127 | $2,872,137,597 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Funds valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
ETFs are valued at their last sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
If an unaffiliated Underlying Fund's net asset value is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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