Quarterly Holdings Report
for
Strategic Advisers® International Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general publicMay 31, 2021
Schedule of Investments May 31, 2021 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 47.0% | |||
| Shares | Value | ||
| COMMUNICATION SERVICES - 1.8% | |||
| Diversified Telecommunication Services - 0.4% | |||
| Cellnex Telecom SA (a) | 137,475 | $8,350,342 | |
| Hellenic Telecommunications Organization SA | 364,720 | 6,513,478 | |
| Koninklijke KPN NV | 2,051,399 | 6,857,501 | |
| KT Corp. | 164,909 | 5,006,055 | |
| Liberty Global PLC Class C (b) | 449,300 | 12,229,946 | |
| Nippon Telegraph & Telephone Corp. | 1,195,000 | 32,360,945 | |
| Nippon Telegraph & Telephone Corp. sponsored ADR | 48,568 | 1,314,250 | |
| NOS SGPS | 151,972 | 548,925 | |
| Orange SA | 653,614 | 8,341,001 | |
| Telecom Italia SpA (Risparmio Shares) | 7,680,092 | 4,393,351 | |
| Telefonica Deutschland Holding AG | 548,970 | 1,512,268 | |
| 87,428,062 | |||
| Entertainment - 0.4% | |||
| Akatsuki, Inc. | 8,800 | 285,628 | |
| Amuse, Inc. | 7,200 | 142,250 | |
| CTS Eventim AG | 51,718 | 3,563,315 | |
| Klab, Inc. (b) | 68,200 | 430,926 | |
| Konami Holdings Corp. | 30,600 | 1,974,757 | |
| NetEase, Inc. | 358,675 | 8,425,628 | |
| NetEase, Inc. ADR | 171,564 | 20,232,543 | |
| Nintendo Co. Ltd. | 36,500 | 22,601,375 | |
| Nintendo Co. Ltd. ADR | 51,623 | 3,991,490 | |
| Sea Ltd. ADR (b) | 40,081 | 10,150,112 | |
| Square Enix Holdings Co. Ltd. | 164,600 | 8,856,794 | |
| Tencent Music Entertainment Group ADR (b) | 120,152 | 1,891,192 | |
| Toei Co. Ltd. | 4,900 | 1,015,824 | |
| Ubisoft Entertainment SA (b) | 126,500 | 9,201,120 | |
| 92,762,954 | |||
| Interactive Media & Services - 0.5% | |||
| Baidu.com, Inc. sponsored ADR (b) | 12,551 | 2,463,385 | |
| Bengo4.Com, Inc. (b) | 16,200 | 1,302,372 | |
| carsales.com Ltd. | 220,740 | 3,311,478 | |
| Info Edge India Ltd. (b) | 34,221 | 2,108,043 | |
| Kakao Corp. | 67,018 | 7,339,625 | |
| NAVER Corp. | 61,014 | 19,608,083 | |
| Scout24 AG (a) | 100,445 | 8,179,726 | |
| SEEK Ltd. | 131,747 | 3,152,539 | |
| Tencent Holdings Ltd. | 481,400 | 37,636,290 | |
| Trustpilot Group PLC (a)(b) | 420,871 | 1,791,837 | |
| Yandex NV Series A (b) | 89,037 | 6,013,559 | |
| Z Holdings Corp. | 1,170,900 | 5,585,113 | |
| 98,492,050 | |||
| Media - 0.2% | |||
| CyberAgent, Inc. | 592,400 | 11,781,122 | |
| Eutelsat Communications | 171,546 | 2,160,951 | |
| Hakuhodo DY Holdings, Inc. | 132,500 | 2,266,741 | |
| Informa PLC (b) | 1,080,869 | 8,344,499 | |
| Mediaset SpA | 109,336 | 390,656 | |
| Publicis Groupe SA | 43,796 | 2,964,090 | |
| SES SA (France) (depositary receipt) | 62,583 | 521,397 | |
| Stroer Out-of-Home Media AG | 65,599 | 5,455,639 | |
| Telenet Group Holding NV | 3,389 | 132,082 | |
| WPP PLC | 967,893 | 13,370,080 | |
| WPP PLC ADR | 50,688 | 3,507,103 | |
| 50,894,360 | |||
| Wireless Telecommunication Services - 0.3% | |||
| Advanced Info Service PCL (For. Reg.) | 976,100 | 5,278,749 | |
| KDDI Corp. | 438,300 | 14,941,086 | |
| SoftBank Group Corp. | 253,000 | 19,271,716 | |
| Tele2 AB (B Shares) | 143,690 | 1,958,744 | |
| Vodafone Group PLC sponsored ADR (c) | 738,680 | 13,643,420 | |
| 55,093,715 | |||
| TOTAL COMMUNICATION SERVICES | 384,671,141 | ||
| CONSUMER DISCRETIONARY - 4.5% | |||
| Auto Components - 0.6% | |||
| Aisin Seiki Co. Ltd. | 46,000 | 2,016,570 | |
| Autoliv, Inc. (depositary receipt) | 70,131 | 7,414,969 | |
| Bridgestone Corp. | 181,600 | 8,043,507 | |
| Compagnie Generale des Etablissements Michelin SCA Series B (c) | 60,742 | 9,283,734 | |
| Continental AG | 84,398 | 12,513,639 | |
| Continental AG sponsored ADR | 6,765 | 101,001 | |
| DENSO Corp. | 109,900 | 7,501,519 | |
| Eagle Industry Co. Ltd. | 41,300 | 430,917 | |
| Faurecia SA | 62,376 | 3,431,266 | |
| JTEKT Corp. | 73,600 | 784,931 | |
| Koito Manufacturing Co. Ltd. | 192,500 | 12,759,139 | |
| Magna International, Inc. Class A | 180,958 | 18,202,565 | |
| Musashi Seimitsu Industry Co. Ltd. | 44,100 | 898,582 | |
| NGK Spark Plug Co. Ltd. | 12,100 | 193,120 | |
| Piolax, Inc. | 61,900 | 831,833 | |
| Pirelli & C. SpA (a) | 259,275 | 1,530,277 | |
| Shoei Co. Ltd. | 12,200 | 445,969 | |
| Stanley Electric Co. Ltd. | 213,200 | 6,434,725 | |
| Sumitomo Rubber Industries Ltd. | 251,900 | 3,261,272 | |
| Toyoda Gosei Co. Ltd. | 11,100 | 284,587 | |
| Toyota Industries Corp. | 392,800 | 34,189,175 | |
| TPR Co. Ltd. | 19,100 | 261,194 | |
| Valeo SA | 348,127 | 11,466,379 | |
| Yorozu Corp. | 17,400 | 194,856 | |
| 142,475,726 | |||
| Automobiles - 0.3% | |||
| Honda Motor Co. Ltd. | 417,900 | 13,060,043 | |
| Honda Motor Co. Ltd. sponsored ADR (c) | 50,139 | 1,567,345 | |
| Isuzu Motors Ltd. | 121,900 | 1,649,050 | |
| Mazda Motor Corp. | 322,300 | 2,823,312 | |
| Mitsubishi Motors Corp. of Japan (b) | 711,500 | 1,986,394 | |
| Nissan Motor Co. Ltd. (b) | 752,100 | 3,783,117 | |
| Nissan Motor Co. Ltd. sponsored ADR (b)(c) | 68,800 | 696,944 | |
| Renault SA | 73,638 | 3,064,352 | |
| Stellantis NV | 435,627 | 8,541,041 | |
| Suzuki Motor Corp. | 164,600 | 7,182,833 | |
| Toyota Motor Corp. | 271,700 | 22,548,077 | |
| Yamaha Motor Co. Ltd. | 314,100 | 9,220,637 | |
| 76,123,145 | |||
| Distributors - 0.1% | |||
| B&S Group SARL (a) | 89,741 | 970,685 | |
| Inchcape PLC | 937,729 | 10,413,339 | |
| 11,384,024 | |||
| Diversified Consumer Services - 0.0% | |||
| AcadeMedia AB (a) | 41,851 | 400,158 | |
| Offcn Education Technology Co. A Shares | 458,800 | 1,801,801 | |
| TAL Education Group ADR (b) | 92,443 | 3,694,947 | |
| 5,896,906 | |||
| Hotels, Restaurants & Leisure - 0.6% | |||
| Accor SA (b) | 65,333 | 2,606,813 | |
| Aristocrat Leisure Ltd. | 288,110 | 9,308,379 | |
| Autogrill SpA (b)(c) | 276,343 | 2,374,407 | |
| Betsson AB (B Shares) | 104,477 | 929,758 | |
| Collins Foods Ltd. | 106,613 | 1,026,528 | |
| Compass Group PLC (b) | 2,007,413 | 45,759,981 | |
| Entain PLC (b) | 429,700 | 10,058,795 | |
| Evolution Gaming Group AB (a) | 66,032 | 12,320,344 | |
| Flutter Entertainment PLC | 47,017 | 8,814,264 | |
| Food & Life Companies Ltd. (c) | 71,300 | 3,180,862 | |
| Greggs PLC (b) | 42,384 | 1,498,318 | |
| Marston's PLC (b) | 673,775 | 873,478 | |
| Matsuyafoods Holdings Co. Ltd. | 8,500 | 269,313 | |
| Melia Hotels International SA (b) | 263,982 | 2,216,048 | |
| Resorttrust, Inc. | 42,500 | 679,474 | |
| Sands China Ltd. (b) | 3,816,400 | 17,481,609 | |
| Trainline PLC (a)(b) | 381,278 | 1,536,698 | |
| Yum China Holdings, Inc. | 134,667 | 9,108,876 | |
| 130,043,945 | |||
| Household Durables - 0.5% | |||
| Barratt Developments PLC | 544,900 | 5,849,202 | |
| Casio Computer Co. Ltd. | 135,200 | 2,361,202 | |
| Crest Nicholson PLC (b) | 75,968 | 493,985 | |
| Crompton Greaves Consumer Electricals Ltd. | 415,728 | 2,261,737 | |
| Electrolux AB (B Shares) | 116,509 | 3,319,549 | |
| Forbo Holding AG (Reg.) | 163 | 326,906 | |
| Iida Group Holdings Co. Ltd. | 9,800 | 264,908 | |
| Nikon Corp. (c) | 541,200 | 5,650,251 | |
| Panasonic Corp. | 849,200 | 9,644,930 | |
| Persimmon PLC | 524,757 | 23,532,801 | |
| Pressance Corp. | 14,600 | 229,830 | |
| Rinnai Corp. | 16,200 | 1,613,584 | |
| Sekisui House Ltd. | 121,800 | 2,563,395 | |
| Sony Group Corp. | 490,800 | 48,803,488 | |
| Sony Group Corp. sponsored ADR | 49,059 | 4,886,767 | |
| 111,802,535 | |||
| Internet & Direct Marketing Retail - 0.5% | |||
| Alibaba Group Holding Ltd. (b) | 551,916 | 14,761,277 | |
| Alibaba Group Holding Ltd. sponsored ADR (b) | 19,438 | 4,158,954 | |
| Allegro.eu SA (a)(b) | 221,415 | 3,523,127 | |
| ASKUL Corp. | 31,200 | 503,075 | |
| ASOS PLC (b) | 190,388 | 13,177,124 | |
| Boohoo.Com PLC (b) | 468,798 | 2,124,286 | |
| Coupang, Inc. Class A (b)(c) | 41,013 | 1,672,920 | |
| HelloFresh AG (b) | 75,413 | 6,827,287 | |
| JD.com, Inc. Class A | 160,400 | 5,914,719 | |
| Meituan Class B (a)(b) | 175,100 | 5,983,394 | |
| MercadoLibre, Inc. (b) | 4,866 | 6,611,288 | |
| Naspers Ltd. Class N | 33,060 | 7,287,316 | |
| Ocado Group PLC (b) | 91,039 | 2,440,550 | |
| Rakuten Group, Inc. | 1,377,700 | 15,957,069 | |
| THG PLC | 200,448 | 1,732,397 | |
| Zalando SE (a)(b) | 170,124 | 18,202,340 | |
| ZOZO, Inc. | 83,400 | 2,855,046 | |
| 113,732,169 | |||
| Leisure Products - 0.1% | |||
| Sega Sammy Holdings, Inc. | 560,200 | 7,201,734 | |
| SHIMANO, Inc. | 15,500 | 3,535,781 | |
| Thule Group AB (a) | 53,347 | 2,500,274 | |
| Yamaha Corp. | 106,100 | 6,391,475 | |
| 19,629,264 | |||
| Multiline Retail - 0.1% | |||
| H2O Retailing Corp. | 62,100 | 505,462 | |
| Magazine Luiza SA | 936,900 | 3,640,314 | |
| Marks & Spencer Group PLC (b) | 737,812 | 1,731,847 | |
| Next PLC (b) | 82,108 | 9,505,993 | |
| 15,383,616 | |||
| Specialty Retail - 0.3% | |||
| Clas Ohlson AB (B Shares) (b) | 92,394 | 1,048,649 | |
| DCM Holdings Co. Ltd. | 66,500 | 616,352 | |
| Geo Holdings Corp. | 79,500 | 799,813 | |
| H&M Hennes & Mauritz AB (B Shares) | 234,746 | 6,073,491 | |
| Hornbach Holding AG & Co. KGaA | 7,144 | 797,561 | |
| JD Sports Fashion PLC | 138,885 | 1,862,976 | |
| Kingfisher PLC | 5,106,285 | 25,914,649 | |
| Mekonomen AB | 79,475 | 1,490,129 | |
| Nitori Holdings Co. Ltd. | 5,444 | 943,970 | |
| USS Co. Ltd. | 43,600 | 770,498 | |
| WH Smith PLC (b) | 635,969 | 15,604,837 | |
| Yamada Holdings Co. Ltd. | 132,700 | 648,790 | |
| 56,571,715 | |||
| Textiles, Apparel & Luxury Goods - 1.4% | |||
| adidas AG | 75,203 | 27,452,280 | |
| Asics Corp. | 33,800 | 812,419 | |
| Brunello Cucinelli SpA | 40,160 | 2,400,662 | |
| Burberry Group PLC | 165,981 | 5,031,389 | |
| Canada Goose Holdings, Inc. (b)(c) | 79,020 | 3,186,877 | |
| Compagnie Financiere Richemont SA: | |||
| warrants 11/22/23 (b) | 562,417 | 362,648 | |
| Series A | 630,845 | 76,421,017 | |
| Essilor International SA (c) | 177,601 | 30,879,341 | |
| Essilor International SA rights (b)(d) | 177,601 | 233,902 | |
| Gildan Activewear, Inc. | 4,727 | 170,995 | |
| Hermes International SCA | 4,382 | 6,113,113 | |
| Hugo Boss AG | 20,096 | 1,142,963 | |
| Kering SA | 31,287 | 28,568,916 | |
| Li Ning Co. Ltd. | 1,050,000 | 9,659,962 | |
| lululemon athletica, Inc. (b) | 27,092 | 8,754,238 | |
| LVMH Moet Hennessy Louis Vuitton SE | 80,863 | 64,773,919 | |
| Moncler SpA | 217,305 | 15,380,170 | |
| Pandora A/S | 21,052 | 2,852,180 | |
| Puma AG | 80,477 | 9,207,277 | |
| Samsonite International SA (a)(b) | 1,750,200 | 3,324,092 | |
| Seiren Co. Ltd. | 23,100 | 428,833 | |
| Swatch Group AG (Bearer) | 13,741 | 4,980,062 | |
| Swatch Group AG (Bearer) (Reg.) | 86,127 | 5,965,216 | |
| TSI Holdings Co. Ltd. | 14,600 | 40,543 | |
| 308,143,014 | |||
| TOTAL CONSUMER DISCRETIONARY | 991,186,059 | ||
| CONSUMER STAPLES - 5.4% | |||
| Beverages - 1.3% | |||
| Anadolu Efes Biracilik Ve Malt Sanayii A/S | 81,064 | 217,855 | |
| Anheuser-Busch InBev SA NV | 193,632 | 14,663,052 | |
| Anheuser-Busch InBev SA NV ADR (c) | 53,463 | 4,050,892 | |
| Carabao Group PCL | 386,400 | 1,625,971 | |
| Coca-Cola European Partners PLC | 58,500 | 3,540,420 | |
| Davide Campari Milano NV | 189,258 | 2,431,380 | |
| Diageo PLC | 1,854,980 | 89,453,576 | |
| Heineken Holding NV | 184,496 | 18,673,643 | |
| Heineken NV (Bearer) (c) | 225,113 | 26,940,809 | |
| ITO EN Ltd. | 371,100 | 21,083,116 | |
| Kirin Holdings Co. Ltd. | 1,076,200 | 21,748,374 | |
| Kweichow Moutai Co. Ltd. (A Shares) | 14,807 | 5,184,915 | |
| Pernod Ricard SA | 343,586 | 75,920,254 | |
| Royal Unibrew A/S | 24,686 | 3,192,316 | |
| Treasury Wine Estates Ltd. | 1,312 | 11,874 | |
| 288,738,447 | |||
| Food & Staples Retailing - 0.4% | |||
| Carrefour SA (c) | 304,441 | 6,199,885 | |
| Casino Guichard Perrachon SA (b)(c) | 131,236 | 4,240,947 | |
| Cawachi Ltd. | 10,400 | 213,899 | |
| Colruyt NV | 54,076 | 3,294,511 | |
| G-7 Holdings, Inc. | 13,300 | 371,749 | |
| Heiwado Co. Ltd. | 57,100 | 1,230,014 | |
| J Sainsbury PLC | 185,458 | 699,040 | |
| LIFE Corp. | 9,100 | 278,795 | |
| Matsumotokiyoshi Holdings Co. Ltd. | 120,800 | 5,251,696 | |
| Metcash Ltd. | 207,601 | 563,339 | |
| Ministop Co. Ltd. | 21,100 | 260,112 | |
| Okuwa Co. Ltd. | 33,300 | 341,686 | |
| San-A Co. Ltd. | 12,200 | 475,404 | |
| Seven & i Holdings Co. Ltd. | 863,900 | 38,020,146 | |
| Sugi Holdings Co. Ltd. | 67,400 | 5,314,189 | |
| Tesco PLC | 5,010,152 | 15,858,453 | |
| United Super Markets Holdings, Inc. | 14,300 | 142,824 | |
| Welcia Holdings Co. Ltd. | 102,300 | 3,152,779 | |
| Yokohama Reito Co. Ltd. | 97,400 | 782,144 | |
| Zur Rose Group AG (b) | 5,107 | 1,919,028 | |
| 88,610,640 | |||
| Food Products - 1.7% | |||
| Barry Callebaut AG | 3,048 | 6,939,749 | |
| Chacha Food Co. Ltd. (A Shares) | 226,000 | 1,854,233 | |
| Danone SA | 802,386 | 57,197,844 | |
| Ezaki Glico Co. Ltd. | 194,800 | 7,502,199 | |
| Foshan Haitian Flavouring & Food Co. Ltd. (A Shares) | 207,870 | 4,433,607 | |
| Itoham Yonekyu Holdings, Inc. | 127,800 | 831,948 | |
| Kerry Group PLC Class A | 104,662 | 14,179,701 | |
| La Doria SpA | 41,028 | 885,559 | |
| Lindt & Spruengli AG | 3 | 300,500 | |
| Lindt & Spruengli AG (participation certificate) | 659 | 6,220,022 | |
| Mowi ASA | 487,800 | 12,698,082 | |
| Nestle SA: | |||
| (Reg. S) | 1,723,827 | 212,923,987 | |
| sponsored ADR | 43,942 | 5,434,307 | |
| Nippon Suisan Kaisha Co. Ltd. | 118,400 | 552,051 | |
| Nissin Food Holdings Co. Ltd. | 65,800 | 4,780,662 | |
| Orior AG | 9,536 | 878,860 | |
| Riken Vitamin Co. Ltd. | 26,600 | 357,460 | |
| Rock Field Co. Ltd. | 60,400 | 873,266 | |
| Ros Agro PLC unit | 3,171 | 40,649 | |
| Schouw & Co. | 2,142 | 238,851 | |
| Toyo Suisan Kaisha Ltd. | 452,500 | 18,456,776 | |
| Wilmar International Ltd. | 2,782,000 | 10,076,204 | |
| 367,656,517 | |||
| Household Products - 0.4% | |||
| Colgate-Palmolive Co. | 296,472 | 24,838,424 | |
| Essity AB (B Shares) | 211,900 | 7,338,793 | |
| Lion Corp. | 251,700 | 4,438,866 | |
| Reckitt Benckiser Group PLC | 577,154 | 52,058,436 | |
| 88,674,519 | |||
| Personal Products - 1.3% | |||
| Kao Corp. | 716,300 | 43,976,146 | |
| Kobayashi Pharmaceutical Co. Ltd. | 254,900 | 22,627,350 | |
| Kose Corp. | 37,700 | 6,034,197 | |
| L'Oreal SA | 191,729 | 86,799,520 | |
| Ontex Group NV (b) | 54,305 | 731,756 | |
| Pola Orbis Holdings, Inc. | 113,300 | 2,962,604 | |
| Proya Cosmetics Co. Ltd. (A Shares) | 85,000 | 2,235,247 | |
| Rohto Pharmaceutical Co. Ltd. | 532,800 | 13,238,141 | |
| Shiseido Co. Ltd. | 500 | 36,131 | |
| Unilever PLC | 1,560,023 | 93,505,751 | |
| 272,146,843 | |||
| Tobacco - 0.3% | |||
| British American Tobacco PLC: | |||
| (United Kingdom) | 1,086,665 | 41,853,195 | |
| sponsored ADR | 128,500 | 4,969,095 | |
| Imperial Brands PLC | 441,100 | 10,015,793 | |
| Japan Tobacco, Inc. | 417,100 | 8,285,810 | |
| Swedish Match Co. AB | 516,740 | 4,791,457 | |
| 69,915,350 | |||
| TOTAL CONSUMER STAPLES | 1,175,742,316 | ||
| ENERGY - 1.5% | |||
| Energy Equipment & Services - 0.1% | |||
| CGG SA (b) | 24,483 | 25,969 | |
| Core Laboratories NV (c) | 97,800 | 4,088,040 | |
| Petrofac Ltd. (b) | 34,029 | 64,277 | |
| Tenaris SA | 575,666 | 6,573,512 | |
| Tenaris SA sponsored ADR | 273,391 | 6,263,388 | |
| WorleyParsons Ltd. | 887,786 | 7,254,579 | |
| 24,269,765 | |||
| Oil, Gas & Consumable Fuels - 1.4% | |||
| BP PLC | 7,511,427 | 32,721,702 | |
| BP PLC sponsored ADR | 420,168 | 11,021,007 | |
| Cairn Energy PLC | 1,895,042 | 4,372,881 | |
| Enauta Participacoes SA | 64,900 | 192,644 | |
| ENEOS Holdings, Inc. | 1,032,500 | 4,264,083 | |
| Eni SpA | 2,832,920 | 34,805,296 | |
| Eni SpA sponsored ADR | 4,900 | 120,344 | |
| Equinor ASA | 663,417 | 14,412,244 | |
| Galp Energia SGPS SA Class B | 829,301 | 10,401,129 | |
| Gazprom OAO | 1,590,780 | 5,684,859 | |
| Gazprom OAO sponsored ADR (Reg. S) | 75,103 | 533,532 | |
| Idemitsu Kosan Co. Ltd. | 311,600 | 7,396,161 | |
| INPEX Corp. | 534,400 | 3,648,658 | |
| Japan Petroleum Exploration Co. Ltd. | 18,600 | 335,642 | |
| Lukoil PJSC | 42,793 | 3,473,510 | |
| Lundin Petroleum AB | 92,700 | 3,180,365 | |
| Neste Oyj | 191,498 | 12,633,553 | |
| Oil Search Ltd. ADR | 1,754,918 | 5,032,663 | |
| OMV AG | 123,777 | 7,187,756 | |
| PAO NOVATEK | 83,199 | 1,652,163 | |
| Reliance Industries Ltd. | 24,740 | 393,507 | |
| Reliance Industries Ltd. | 624,027 | 18,047,933 | |
| Repsol SA | 539,539 | 7,218,038 | |
| Rosneft Oil Co. OJSC | 420,640 | 3,003,997 | |
| Royal Dutch Shell PLC | 72,464 | 1,323,726 | |
| Royal Dutch Shell PLC: | |||
| Class B sponsored ADR | 552,369 | 20,062,042 | |
| Class B (United Kingdom) | 177,103 | 3,219,953 | |
| rights (b)(d) | 177,103 | 31,083 | |
| rights (b) | 72,464 | 12,718 | |
| Santos Ltd. | 2,019,600 | 10,711,538 | |
| Tatneft PAO sponsored ADR | 17,564 | 705,370 | |
| TC Energy Corp. | 147,328 | 7,525,856 | |
| Total SA | 1,524,504 | 71,104,039 | |
| 306,429,992 | |||
| TOTAL ENERGY | 330,699,757 | ||
| FINANCIALS - 6.6% | |||
| Banks - 2.9% | |||
| AIB Group PLC | 7,163,899 | 23,919,214 | |
| Alpha Bank AE (b) | 222,577 | 292,076 | |
| Australia & New Zealand Banking Group Ltd. | 395,508 | 8,799,331 | |
| Banco Bilbao Vizcaya Argentaria SA | 4,456,099 | 27,831,978 | |
| Bank Ireland Group PLC | 1,998,036 | 12,962,207 | |
| Barclays PLC | 7,945,695 | 20,633,351 | |
| BNP Paribas SA (c) | 726,849 | 50,040,012 | |
| CaixaBank SA | 7,695,062 | 26,678,058 | |
| Chiba Bank Ltd. | 668,900 | 4,344,698 | |
| Close Brothers Group PLC | 147,847 | 3,443,098 | |
| Credicorp Ltd. (United States) | 14,759 | 2,028,920 | |
| Credit Bank of Moscow (b) | 1,801,800 | 164,332 | |
| DBS Group Holdings Ltd. | 1,034,300 | 23,783,034 | |
| DNB ASA | 850,966 | 18,992,402 | |
| Erste Group Bank AG | 176,985 | 7,338,028 | |
| Grupo Financiero Banorte S.A.B. de CV Series O | 1,287,189 | 8,801,845 | |
| HDFC Bank Ltd. (b) | 1,327,229 | 27,537,411 | |
| ING Groep NV (Certificaten Van Aandelen) | 3,956,051 | 55,357,439 | |
| Intesa Sanpaolo SpA | 2,240,025 | 6,576,650 | |
| Jyske Bank A/S (Reg.) (b) | 83,300 | 4,302,827 | |
| KBC Groep NV | 390,073 | 31,955,814 | |
| Lloyds Banking Group PLC | 22,116,229 | 15,638,446 | |
| Mebuki Financial Group, Inc. | 1,104,900 | 2,394,193 | |
| Mediobanca SpA (b) | 926,700 | 11,047,509 | |
| Mitsubishi UFJ Financial Group, Inc. | 3,944,600 | 22,654,386 | |
| National Bank of Canada | 221,816 | 17,311,214 | |
| NatWest Group PLC | 3,329,727 | 9,781,541 | |
| North Pacific Bank Ltd. | 983,500 | 2,265,448 | |
| PT Bank Central Asia Tbk | 6,264,900 | 13,902,508 | |
| PT Bank Mandiri (Persero) Tbk | 16,698,300 | 6,769,936 | |
| Raiffeisen International Bank-Holding AG | 29,903 | 713,624 | |
| Resona Holdings, Inc. | 164,100 | 705,931 | |
| Sberbank of Russia (Russia) | 3,241,260 | 13,697,566 | |
| Shiga Bank Ltd. | 8,600 | 159,496 | |
| Shinsei Bank Ltd. | 246,400 | 3,968,246 | |
| Shizuoka Bank Ltd. | 182,800 | 1,464,371 | |
| Standard Chartered PLC (United Kingdom) | 492,008 | 3,545,628 | |
| Sumitomo Mitsui Financial Group, Inc. | 1,100,900 | 40,249,596 | |
| Sumitomo Mitsui Trust Holdings, Inc. | 164,800 | 5,761,401 | |
| Svenska Handelsbanken AB (A Shares) | 906,797 | 10,368,561 | |
| Swedbank AB (A Shares) | 41,529 | 762,752 | |
| Sydbank A/S | 110,453 | 3,550,029 | |
| The Hachijuni Bank Ltd. | 656,200 | 2,276,253 | |
| The Yamanashi Chuo Bank Ltd. | 25,300 | 191,878 | |
| UniCredit SpA | 4,717,349 | 60,367,483 | |
| United Overseas Bank Ltd. | 533,100 | 10,593,473 | |
| 625,924,194 | |||
| Capital Markets - 1.2% | |||
| 3i Group PLC | 344,788 | 6,082,072 | |
| Amundi SA (a) | 20,100 | 1,788,073 | |
| Azimut Holding SpA | 19,977 | 492,578 | |
| B3 SA - Brasil Bolsa Balcao | 1,927,800 | 6,465,826 | |
| Brewin Dolphin Holding PLC | 214,846 | 1,038,180 | |
| Credit Suisse Group AG (c) | 2,967,444 | 32,424,351 | |
| Credit Suisse Group AG sponsored ADR (c) | 262,808 | 2,896,144 | |
| Daiwa Securities Group, Inc. | 451,700 | 2,612,911 | |
| Deutsche Bank AG (b) | 298,548 | 4,495,467 | |
| Deutsche Borse AG | 91,748 | 15,008,984 | |
| EQT AB | 11,724 | 426,653 | |
| Euronext NV (a)(c) | 294,305 | 31,295,228 | |
| Guosen Securities Co. Ltd. (A Shares) (b) | 590,600 | 1,056,299 | |
| Hong Kong Exchanges and Clearing Ltd. | 184,600 | 11,355,389 | |
| IG Group Holdings PLC | 168,600 | 2,050,533 | |
| Intermediate Capital Group PLC | 199,939 | 5,967,124 | |
| Julius Baer Group Ltd. | 292,130 | 19,848,582 | |
| Jupiter Fund Management PLC | 142,203 | 560,217 | |
| London Stock Exchange Group PLC | 107,186 | 11,501,226 | |
| Macquarie Group Ltd. | 287,803 | 33,828,112 | |
| Netwealth Group Ltd. | 161,351 | 1,797,370 | |
| Nomura Holdings, Inc. | 1,657,900 | 9,093,432 | |
| Partners Group Holding AG | 9,999 | 15,117,999 | |
| UBS Group AG | 2,822,815 | 46,115,916 | |
| XP, Inc. Class A (b) | 49,871 | 1,977,884 | |
| 265,296,550 | |||
| Consumer Finance - 0.0% | |||
| Credit Saison Co. Ltd. | 75,400 | 954,628 | |
| Gentera S.A.B. de CV (b) | 134,841 | 76,093 | |
| Hoist Finance AB (a)(b)(c) | 55,065 | 241,369 | |
| 1,272,090 | |||
| Diversified Financial Services - 0.4% | |||
| Banca Mediolanum S.p.A. | 1,656 | 16,018 | |
| Challenger Ltd. | 765,260 | 3,067,682 | |
| Element Fleet Management Corp. | 942,604 | 10,658,475 | |
| Eurazeo SA | 11,838 | 1,048,043 | |
| EXOR NV | 66,600 | 5,743,551 | |
| Groupe Bruxelles Lambert SA | 113,829 | 12,936,978 | |
| Hypoport AG (b) | 3,509 | 1,965,796 | |
| Industrivarden AB: | |||
| (A Shares) | 16,859 | 687,828 | |
| (C Shares) | 65,451 | 2,559,983 | |
| Investor AB (B Shares) | 872,836 | 20,070,451 | |
| L E Lundbergforetagen AB | 65,186 | 4,006,543 | |
| M&G PLC | 805,040 | 2,793,345 | |
| Mitsubishi UFJ Lease & Finance Co. Ltd. | 751,700 | 4,250,063 | |
| ORIX Corp. | 1,410,600 | 25,056,499 | |
| Shanghai AJ Group Co. Ltd. (A Shares) | 547,554 | 612,176 | |
| Sofina SA | 4,834 | 1,986,555 | |
| 97,459,986 | |||
| Insurance - 2.1% | |||
| AEGON NV | 593,247 | 2,812,421 | |
| AEGON NV (NY Reg.) | 223,414 | 1,054,514 | |
| AIA Group Ltd. | 4,255,000 | 56,788,564 | |
| Allianz SE | 52,600 | 13,967,154 | |
| Aon PLC | 85,652 | 21,701,647 | |
| Aviva PLC | 4,047,329 | 23,618,370 | |
| AXA SA | 1,793,739 | 49,935,175 | |
| Baloise Holdings AG | 7,260 | 1,209,865 | |
| Beazley PLC (b) | 390,891 | 1,667,527 | |
| CNP Assurances | 83,752 | 1,540,652 | |
| Coface SA | 124,507 | 1,518,301 | |
| Dai-ichi Mutual Life Insurance Co. | 165,300 | 3,458,097 | |
| Direct Line Insurance Group PLC | 865,025 | 3,649,655 | |
| Hiscox Ltd. (b) | 858,944 | 9,559,166 | |
| Manulife Financial Corp. | 167,232 | 3,495,149 | |
| MAPFRE SA (Reg.) (c) | 1,338,547 | 3,065,443 | |
| MS&AD Insurance Group Holdings, Inc. | 80,800 | 2,475,376 | |
| MS&AD Insurance Group Holdings, Inc. ADR | 5,200 | 80,132 | |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 92,166 | 26,535,711 | |
| NN Group NV | 175,435 | 8,921,057 | |
| NN Group NV rights (b)(c)(d) | 175,435 | 314,483 | |
| PICC Property & Casualty Co. Ltd. (H Shares) | 7,236,000 | 7,058,011 | |
| Ping An Insurance Group Co. of China Ltd. (H Shares) | 1,885,500 | 20,595,646 | |
| Prudential PLC | 1,217,845 | 25,912,597 | |
| Sampo Oyj (A Shares) | 313,073 | 14,904,569 | |
| Sompo Holdings, Inc. | 299,000 | 12,029,322 | |
| Storebrand ASA (A Shares) | 1,134,979 | 11,307,719 | |
| Sun Life Financial, Inc. | 304,408 | 16,396,530 | |
| Swiss Life Holding AG | 13,373 | 6,980,126 | |
| Swiss Re Ltd. | 124,376 | 12,040,758 | |
| T&D Holdings, Inc. | 156,200 | 2,124,735 | |
| Talanx AG | 109,900 | 4,653,090 | |
| Tokio Marine Holdings, Inc. | 441,000 | 20,669,399 | |
| Tokio Marine Holdings, Inc. ADR | 3,647 | 171,673 | |
| Wustenrot & Wurttembergische AG | 39,127 | 908,464 | |
| Zurich Insurance Group Ltd. | 133,053 | 55,962,227 | |
| 449,083,325 | |||
| Thrifts & Mortgage Finance - 0.0% | |||
| Housing Development Finance Corp. Ltd. | 215,757 | 7,570,262 | |
| TOTAL FINANCIALS | 1,446,606,407 | ||
| HEALTH CARE - 4.8% | |||
| Biotechnology - 0.0% | |||
| Genmab A/S (b) | 20,055 | 8,205,245 | |
| Vitrolife AB | 49,180 | 1,978,062 | |
| 10,183,307 | |||
| Health Care Equipment & Supplies - 1.2% | |||
| AK Medical Holdings Ltd. (a) | 416,000 | 742,924 | |
| Alcon, Inc. (Switzerland) | 281,878 | 19,692,289 | |
| ASAHI INTECC Co. Ltd. | 138,100 | 3,445,113 | |
| Carl Zeiss Meditec AG | 30,027 | 5,560,204 | |
| Coloplast A/S Series B | 31,755 | 5,039,146 | |
| Elekta AB (B Shares) (c) | 532,040 | 7,377,565 | |
| Hoya Corp. | 142,900 | 18,871,621 | |
| InMode Ltd. (b) | 27,953 | 2,386,068 | |
| Koninklijke Philips Electronics NV | 1,467,849 | 82,942,832 | |
| Koninklijke Philips Electronics NV: | |||
| rights 6/4/21 (b)(d) | 1,467,849 | 1,521,473 | |
| (depositary receipt) (NY Reg.) | 65,581 | 3,704,015 | |
| Medacta Group SA (a)(b) | 1,334 | 183,601 | |
| Nihon Kohden Corp. | 492,900 | 14,023,877 | |
| Olympus Corp. | 1,310,400 | 27,916,964 | |
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 63,200 | 4,808,476 | |
| Siemens Healthineers AG (a) | 187,674 | 10,596,174 | |
| Smith & Nephew PLC | 655,555 | 14,279,893 | |
| Straumann Holding AG | 6,891 | 10,801,901 | |
| Terumo Corp. | 641,100 | 24,750,470 | |
| Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 213,500 | 1,905,046 | |
| 260,549,652 | |||
| Health Care Providers & Services - 0.3% | |||
| Aier Eye Hospital Group Co. Ltd. (A Shares) | 493,300 | 6,498,169 | |
| Amplifon SpA | 68,306 | 3,214,383 | |
| CVS Group PLC (b) | 37,635 | 1,167,002 | |
| Dr Lal Pathlabs Ltd. (a) | 77,048 | 2,984,693 | |
| Estia Health Ltd. (b) | 51,256 | 99,573 | |
| Fresenius SE & Co. KGaA | 597,189 | 32,519,652 | |
| Notre Dame Intermedica Participacoes SA | 179,000 | 3,013,157 | |
| Spire Healthcare Group PLC (a) | 91,336 | 318,216 | |
| Topchoice Medical Corp. (b) | 86,300 | 4,747,693 | |
| 54,562,538 | |||
| Health Care Technology - 0.1% | |||
| Alibaba Health Information Technology Ltd. (b) | 830,000 | 2,055,509 | |
| CompuGroup Medical AG | 31,632 | 2,607,578 | |
| M3, Inc. | 151,300 | 10,163,773 | |
| Pro Medicus Ltd. | 53,217 | 1,862,945 | |
| 16,689,805 | |||
| Life Sciences Tools & Services - 0.4% | |||
| Bachem Holding AG (B Shares) | 1,168 | 642,108 | |
| Eurofins Scientific SA (b) | 75,383 | 8,078,439 | |
| Evotec OAI AG (b) | 138,814 | 6,127,818 | |
| Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 181,100 | 4,885,525 | |
| ICON PLC (b) | 43,582 | 9,751,908 | |
| Lonza Group AG | 22,155 | 14,322,301 | |
| QIAGEN NV (Germany) (b) | 242,908 | 12,058,879 | |
| Sartorius Stedim Biotech | 26,273 | 11,399,337 | |
| Siegfried Holding AG | 3,280 | 2,942,702 | |
| Tecan Group AG | 6,908 | 3,462,064 | |
| WuXi AppTec Co. Ltd. | 140,880 | 3,632,830 | |
| Wuxi Biologics (Cayman), Inc. (a)(b) | 804,500 | 11,939,734 | |
| 89,243,645 | |||
| Pharmaceuticals - 2.8% | |||
| Astellas Pharma, Inc. | 2,201,000 | 35,119,155 | |
| AstraZeneca PLC sponsored ADR (c) | 292,100 | 16,582,517 | |
| Bayer AG | 739,078 | 47,111,509 | |
| GlaxoSmithKline PLC | 193,752 | 3,695,592 | |
| GlaxoSmithKline PLC sponsored ADR (c) | 270,823 | 10,499,808 | |
| Ipca Laboratories Ltd. | 57,971 | 1,622,596 | |
| Ipsen SA | 53,082 | 5,544,844 | |
| Kyowa Hakko Kirin Co., Ltd. | 539,200 | 16,398,490 | |
| Novartis AG | 1,089,590 | 96,255,152 | |
| Novo Nordisk A/S Series B | 413,781 | 32,666,333 | |
| Ono Pharmaceutical Co. Ltd. | 25,900 | 592,468 | |
| Otsuka Holdings Co. Ltd. | 283,200 | 11,873,902 | |
| Roche Holding AG: | |||
| (participation certificate) | 428,171 | 149,881,970 | |
| sponsored ADR | 12,427 | 543,806 | |
| Sanofi SA | 1,008,271 | 107,878,266 | |
| Sanofi SA sponsored ADR | 14,066 | 751,546 | |
| Santen Pharmaceutical Co. Ltd. | 2,073,600 | 27,714,707 | |
| Takeda Pharmaceutical Co. Ltd. | 1,370,500 | 46,831,876 | |
| Takeda Pharmaceutical Co. Ltd. ADR (c) | 216,511 | 3,700,173 | |
| ZERIA Pharmaceutical Co. Ltd. | 11,100 | 213,440 | |
| 615,478,150 | |||
| TOTAL HEALTH CARE | 1,046,707,097 | ||
| INDUSTRIALS - 8.6% | |||
| Aerospace & Defense - 0.9% | |||
| Airbus Group NV (b) | 467,689 | 61,447,889 | |
| Dassault Aviation SA | 6,304 | 7,925,723 | |
| Leonardo SpA | 542,753 | 4,745,537 | |
| Meggitt PLC | 1,742,365 | 12,585,927 | |
| MTU Aero Engines AG | 93,922 | 24,441,381 | |
| Rolls-Royce Holdings PLC | 38,487,544 | 58,318,100 | |
| Safran SA | 157,941 | 23,905,655 | |
| Senior Engineering Group PLC | 325,958 | 735,507 | |
| Thales SA | 5,653 | 580,575 | |
| 194,686,294 | |||
| Air Freight & Logistics - 0.2% | |||
| Deutsche Post AG | 273,800 | 18,598,189 | |
| DSV Panalpina A/S | 110,392 | 26,945,409 | |
| InPost SA | 134,473 | 2,615,530 | |
| SG Holdings Co. Ltd. | 66,900 | 1,484,366 | |
| Yamato Holdings Co. Ltd. | 42,200 | 1,153,014 | |
| 50,796,508 | |||
| Airlines - 0.4% | |||
| Air Canada (b)(c) | 1,333,600 | 30,004,758 | |
| Finnair Oyj (b) | 76,406 | 66,433 | |
| InterGlobe Aviation Ltd. (a)(b) | 152,968 | 3,751,021 | |
| International Consolidated Airlines Group SA CDI (b) | 1,382,374 | 3,966,312 | |
| Japan Airlines Co. Ltd. (b) | 275,800 | 6,292,664 | |
| Ryanair Holdings PLC sponsored ADR (b) | 477,316 | 55,726,643 | |
| 99,807,831 | |||
| Building Products - 0.4% | |||
| AGC, Inc. | 49,700 | 2,172,741 | |
| AGC, Inc. ADR | 9,900 | 85,734 | |
| Aica Kogyo Co. Ltd. | 52,800 | 1,944,517 | |
| Belimo Holding AG (Reg.) | 5,060 | 2,151,695 | |
| Central Glass Co. Ltd. | 10,400 | 201,968 | |
| Compagnie de St. Gobain (c) | 133,387 | 8,953,855 | |
| Daikin Industries Ltd. | 215,100 | 43,014,987 | |
| Geberit AG (Reg.) | 23,918 | 17,384,756 | |
| Kingspan Group PLC (Ireland) | 96,225 | 9,164,377 | |
| LIXIL Group Corp. | 31,800 | 864,812 | |
| Nibe Industrier AB (B Shares) | 473,528 | 4,985,526 | |
| Takasago Thermal Engineering Co. Ltd. | 28,900 | 489,407 | |
| 91,414,375 | |||
| Commercial Services & Supplies - 0.3% | |||
| A-Living Services Co. Ltd. (H Shares) (a) | 648,000 | 3,151,954 | |
| Aggreko PLC | 90,090 | 1,102,078 | |
| Babcock International Group PLC (b) | 104,820 | 444,927 | |
| Befesa SA (a) | 10,884 | 776,441 | |
| Brambles Ltd. | 1,207,576 | 10,100,486 | |
| Country Garden Services Holdings Co. Ltd. | 437,000 | 4,434,247 | |
| ISS Holdings A/S (b) | 55,370 | 1,179,911 | |
| Nippon Kanzai Co. Ltd. | 42,500 | 916,670 | |
| Okamura Corp. | 38,100 | 487,719 | |
| Rentokil Initial PLC | 996,597 | 6,701,051 | |
| Ritchie Bros. Auctioneers, Inc. | 191,559 | 11,442,322 | |
| Secom Co. Ltd. | 264,900 | 20,937,960 | |
| Securitas AB (B Shares) | 123,088 | 2,017,338 | |
| Sohgo Security Services Co., Ltd. | 142,900 | 6,700,369 | |
| Tomra Systems ASA | 96,520 | 5,008,930 | |
| 75,402,403 | |||
| Construction & Engineering - 0.2% | |||
| Balfour Beatty PLC | 1,776,838 | 7,837,132 | |
| Hochtief AG | 27,009 | 2,279,180 | |
| Kajima Corp. | 112,300 | 1,557,977 | |
| Maeda Corp. | 19,500 | 174,343 | |
| Sumitomo Mitsui Construction Co. Ltd. | 59,700 | 258,726 | |
| Sweco AB (B Shares) (c) | 119,797 | 2,119,203 | |
| Taikisha Ltd. | 3,700 | 107,461 | |
| VINCI SA | 179,342 | 20,386,328 | |
| Voltas Ltd. | 133,523 | 1,844,306 | |
| Yokogawa Bridge Holdings Corp. | 3,900 | 71,193 | |
| 36,635,849 | |||
| Electrical Equipment - 1.2% | |||
| ABB Ltd. (Reg.) | 1,574,178 | 53,646,363 | |
| Ceres Power Holdings PLC (b) | 97,742 | 1,507,784 | |
| Daihen Corp. | 17,400 | 775,463 | |
| Havells India Ltd. | 159,448 | 2,241,254 | |
| Legrand SA | 641,471 | 67,304,086 | |
| Mitsubishi Electric Corp. | 1,007,200 | 15,702,663 | |
| Nippon Carbon Co. Ltd. | 7,900 | 312,159 | |
| Nissin Electric Co. Ltd. | 28,900 | 338,901 | |
| Prysmian SpA | 461,207 | 15,933,327 | |
| Schneider Electric SA | 615,930 | 98,031,222 | |
| Siemens Energy AG (b) | 389,000 | 12,390,441 | |
| Siemens Gamesa Renewable Energy SA | 143,200 | 4,734,090 | |
| Signify NV (a) | 35,373 | 2,186,112 | |
| 275,103,865 | |||
| Industrial Conglomerates - 0.8% | |||
| CK Hutchison Holdings Ltd. | 2,267,300 | 18,054,496 | |
| DCC PLC (United Kingdom) | 258,212 | 21,942,521 | |
| Jardine Matheson Holdings Ltd. | 2,100 | 136,206 | |
| Latour Investment AB (B Shares) | 118,171 | 4,004,422 | |
| Lifco AB | 150,010 | 3,344,635 | |
| Melrose Industries PLC | 6,436,153 | 15,774,187 | |
| Nolato AB (B Shares) | 265,350 | 2,768,806 | |
| Noritsu Koki Co. Ltd. | 35,700 | 763,828 | |
| Siemens AG | 554,185 | 90,962,662 | |
| Toshiba Corp. | 414,890 | 17,564,879 | |
| 175,316,642 | |||
| Machinery - 2.1% | |||
| Airtac International Group | 68,000 | 2,467,950 | |
| Alstom SA (b) | 264,987 | 14,952,852 | |
| Amada Co. Ltd. | 85,400 | 922,549 | |
| Andritz AG | 30,767 | 1,800,903 | |
| Atlas Copco AB (A Shares) | 349,306 | 21,368,526 | |
| Bodycote PLC | 61,153 | 751,994 | |
| CNH Industrial NV | 585,821 | 10,069,178 | |
| Electrolux Professional AB (b) | 125,363 | 858,987 | |
| Epiroc AB (A Shares) | 568,108 | 12,964,176 | |
| FANUC Corp. | 242,200 | 58,065,143 | |
| Furukawa Co. Ltd. | 15,900 | 184,138 | |
| GEA Group AG | 802,363 | 34,940,148 | |
| Georg Fischer AG (Reg.) | 77 | 110,770 | |
| Harmonic Drive Systems, Inc. | 39,700 | 2,179,551 | |
| Hino Motors Ltd. | 22,300 | 212,707 | |
| IMI PLC | 1,076,371 | 25,357,030 | |
| Kawasaki Heavy Industries Ltd. (b) | 183,200 | 4,450,086 | |
| KION Group AG | 172,157 | 18,314,891 | |
| Kitz Corp. | 42,200 | 290,849 | |
| Knorr-Bremse AG | 106,329 | 13,225,616 | |
| Kubota Corp. | 789,100 | 18,152,256 | |
| Misumi Group, Inc. | 104,300 | 3,385,346 | |
| Mitsubishi Heavy Industries Ltd. | 99,100 | 3,051,772 | |
| Mitsuboshi Belting Ltd. | 21,400 | 345,058 | |
| Morgan Advanced Materials PLC | 35,343 | 167,274 | |
| Nachi-Fujikoshi Corp. | 1,300 | 50,244 | |
| NGK Insulators Ltd. | 113,800 | 2,015,678 | |
| Nissei ASB Machine Co. Ltd. | 4,500 | 219,602 | |
| Nordson Corp. | 56,560 | 12,538,786 | |
| NSK Ltd. | 243,300 | 2,349,998 | |
| NTN Corp. (b) | 1,028,500 | 3,003,610 | |
| Rotork PLC | 1,061,049 | 5,083,539 | |
| Ryobi Ltd. (b) | 23,900 | 349,247 | |
| Schindler Holding AG (participation certificate) | 119,563 | 35,596,411 | |
| Shima Seiki Manufacturing Ltd. | 4,200 | 83,629 | |
| Sintokogio Ltd. | 45,100 | 311,247 | |
| SMC Corp. | 94,400 | 57,008,713 | |
| Spirax-Sarco Engineering PLC | 202,771 | 36,545,833 | |
| Sumitomo Heavy Industries Ltd. | 8,200 | 257,556 | |
| Techtronic Industries Co. Ltd. | 1,237,000 | 23,318,571 | |
| THK Co. Ltd. | 153,100 | 5,080,798 | |
| Tsugami Corp. | 7,200 | 109,539 | |
| VAT Group AG (a) | 12,734 | 3,887,445 | |
| Vesuvius PLC | 42,601 | 340,072 | |
| Volvo AB (B Shares) | 417,578 | 11,020,058 | |
| Wartsila Corp. | 253,635 | 3,428,537 | |
| 451,188,863 | |||
| Marine - 0.1% | |||
| A.P. Moller - Maersk A/S: | |||
| Series A | 568 | 1,500,521 | |
| Series B | 2,600 | 7,171,056 | |
| Atlas Corp. (c) | 28,905 | 401,201 | |
| DFDS A/S (b) | 6,012 | 354,911 | |
| Nippon Yusen KK | 133,500 | 5,438,962 | |
| 14,866,651 | |||
| Professional Services - 1.0% | |||
| 51job, Inc. sponsored ADR (b) | 62,104 | 4,451,615 | |
| Adecco SA (Reg.) | 39,840 | 2,763,775 | |
| AF Poyry AB (B Shares) | 35,848 | 1,227,720 | |
| Benefit One, Inc. | 93,500 | 2,647,471 | |
| Centre Testing International Group Co. Ltd. (A Shares) | 739,000 | 3,954,701 | |
| Experian PLC | 816,774 | 31,293,803 | |
| Intertek Group PLC | 297,094 | 22,885,585 | |
| McMillan Shakespeare Ltd. | 10,810 | 102,001 | |
| Nihon M&A Center, Inc. | 206,800 | 5,038,438 | |
| NOMURA Co. Ltd. | 40,800 | 332,462 | |
| Outsourcing, Inc. | 28,300 | 517,895 | |
| Persol Holdings Co. Ltd. | 284,100 | 5,556,032 | |
| Randstad NV | 45,964 | 3,581,646 | |
| Recruit Holdings Co. Ltd. | 237,200 | 12,157,933 | |
| RELX PLC: | |||
| (Euronext N.V.) | 451,297 | 11,821,177 | |
| (London Stock Exchange) | 565,718 | 14,764,204 | |
| SGS SA (Reg.) | 11,229 | 35,141,340 | |
| SR Teleperformance SA | 60,578 | 23,232,694 | |
| TechnoPro Holdings, Inc. | 142,300 | 10,325,770 | |
| Tinexta SpA | 7,992 | 269,765 | |
| Wolters Kluwer NV | 336,101 | 32,272,248 | |
| 224,338,275 | |||
| Road & Rail - 0.2% | |||
| Canadian National Railway Co. | 177,570 | 19,990,497 | |
| Central Japan Railway Co. | 42,500 | 6,356,954 | |
| Hankyu Hanshin Holdings, Inc. | 76,600 | 2,409,551 | |
| Nankai Electric Railway Co. Ltd. | 26,800 | 579,506 | |
| Nippon Express Co. Ltd. | 25,000 | 2,021,370 | |
| Nishi-Nippon Railroad Co. Ltd. | 37,500 | 935,836 | |
| Sixt AG (c) | 12,960 | 2,064,012 | |
| The Go-Ahead Group PLC (b) | 6,430 | 113,060 | |
| 34,470,786 | |||
| Trading Companies & Distributors - 0.6% | |||
| AddTech AB (B Shares) | 120,419 | 1,986,646 | |
| AerCap Holdings NV (b) | 8,600 | 507,400 | |
| Ashtead Group PLC | 640,171 | 46,769,512 | |
| Beijer Ref AB (B Shares) | 177,483 | 3,024,252 | |
| Bunzl PLC | 417,728 | 13,545,907 | |
| Diploma PLC | 69,352 | 2,840,427 | |
| Hanwa Co. Ltd. | 6,300 | 186,703 | |
| IMCD NV | 21,384 | 3,483,850 | |
| Indutrade AB | 192,476 | 5,092,270 | |
| Itochu Corp. | 108,000 | 3,256,854 | |
| Kanamoto Co. Ltd. | 5,700 | 143,441 | |
| Marubeni Corp. | 416,400 | 3,718,015 | |
| Mitsubishi Corp. | 414,700 | 11,338,902 | |
| Mitsui & Co. Ltd. | 203,100 | 4,492,262 | |
| MonotaRO Co. Ltd. | 181,900 | 4,256,230 | |
| Nagase & Co. Ltd. | 46,100 | 683,305 | |
| Rexel SA | 429,174 | 8,734,816 | |
| Sumitomo Corp. | 834,500 | 11,794,128 | |
| Toromont Industries Ltd. | 24,465 | 2,222,821 | |
| Toyota Tsusho Corp. | 16,800 | 766,035 | |
| 128,843,776 | |||
| Transportation Infrastructure - 0.2% | |||
| Aena SME SA (a)(b) | 157,337 | 27,436,639 | |
| Beijing Capital International Airport Co. Ltd. (H Shares) | 10,132,000 | 6,867,028 | |
| Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR (b) | 12,549 | 2,216,530 | |
| Kamigumi Co. Ltd. | 10,600 | 211,836 | |
| 36,732,033 | |||
| TOTAL INDUSTRIALS | 1,889,604,151 | ||
| INFORMATION TECHNOLOGY - 7.5% | |||
| Communications Equipment - 0.2% | |||
| Ericsson: | |||
| (B Shares) | 1,350,666 | 18,115,906 | |
| (B Shares) sponsored ADR | 335,795 | 4,509,727 | |
| Nokia Corp. (b) | 1,791,752 | 9,349,388 | |
| Nokia Corp. sponsored ADR (b)(c) | 281,500 | 1,452,540 | |
| 33,427,561 | |||
| Electronic Equipment & Components - 1.4% | |||
| ALSO Holding AG | 2,181 | 647,390 | |
| Enplas Corp. | 34,600 | 1,307,325 | |
| Halma PLC | 884,259 | 32,677,496 | |
| Hamamatsu Photonics K.K. | 142,800 | 8,762,890 | |
| Hexagon AB (B Shares) | 967,099 | 13,841,238 | |
| Hirose Electric Co. Ltd. | 160,290 | 23,014,279 | |
| Hitachi Ltd. | 979,180 | 51,592,180 | |
| Hitachi Ltd. sponsored ADR | 900 | 94,779 | |
| Keyence Corp. | 46,300 | 23,007,730 | |
| Kyocera Corp. | 310,800 | 19,105,774 | |
| Landis+Gyr Group AG | 4,573 | 333,506 | |
| Largan Precision Co. Ltd. | 40,000 | 4,203,532 | |
| Macnica Fuji Electronics Holdings, Inc. | 22,400 | 487,830 | |
| Murata Manufacturing Co. Ltd. | 612,400 | 46,387,697 | |
| Nippon Signal Co. Ltd. | 30,400 | 263,770 | |
| OMRON Corp. | 380,600 | 30,112,149 | |
| Renishaw PLC | 29,634 | 2,327,749 | |
| Ryoyo Electro Corp. | 18,300 | 440,859 | |
| Samsung SDI Co. Ltd. | 10,629 | 6,106,537 | |
| Shimadzu Corp. | 654,300 | 23,322,115 | |
| Softwareone Holding AG | 74,348 | 1,847,335 | |
| Spectris PLC | 310,399 | 14,148,948 | |
| Topcon Corp. | 125,700 | 2,011,932 | |
| Yokogawa Electric Corp. | 466,800 | 7,557,158 | |
| 313,602,198 | |||
| IT Services - 1.3% | |||
| Adyen BV (a)(b) | 7,925 | 18,342,122 | |
| Amadeus IT Holding SA Class A (b) | 1,403,366 | 105,892,879 | |
| BASE, Inc. (b)(c) | 128,400 | 1,996,697 | |
| Bechtle AG | 16,279 | 3,155,384 | |
| Capgemini SA | 76,600 | 14,343,086 | |
| CGI, Inc. Class A (b) | 24,300 | 2,172,420 | |
| DTS Corp. | 6,100 | 144,898 | |
| EPAM Systems, Inc. (b) | 25,228 | 12,048,893 | |
| Fujitsu Ltd. | 201,240 | 32,826,769 | |
| Globant SA (b) | 15,144 | 3,299,423 | |
| GMO Payment Gateway, Inc. | 23,900 | 2,872,308 | |
| Locaweb Servicos de Internet SA (a) | 807,888 | 4,058,274 | |
| Nomura Research Institute Ltd. | 852,300 | 27,236,974 | |
| NTT Data Corp. | 1,016,200 | 16,430,943 | |
| OBIC Co. Ltd. | 92,500 | 17,390,859 | |
| SHIFT, Inc. (b) | 15,800 | 2,202,376 | |
| Softcat PLC | 101,158 | 2,625,683 | |
| TIS, Inc. | 169,500 | 4,362,694 | |
| Wix.com Ltd. (b) | 67,847 | 17,630,721 | |
| Worldline SA (a)(b) | 54,046 | 5,201,992 | |
| 294,235,395 | |||
| Semiconductors & Semiconductor Equipment - 2.3% | |||
| Advantest Corp. | 44,500 | 3,905,551 | |
| ams AG (b) | 149,500 | 2,945,125 | |
| Analog Devices, Inc. | 163,241 | 26,869,469 | |
| ASMedia Technology, Inc. | 32,000 | 1,664,079 | |
| ASML Holding NV (Netherlands) | 172,146 | 116,300,179 | |
| BE Semiconductor Industries NV | 24,369 | 1,954,770 | |
| Broadcom, Inc. | 33,971 | 16,045,522 | |
| Disco Corp. | 26,600 | 8,137,297 | |
| GlobalWafers Co. Ltd. | 76,000 | 2,192,915 | |
| Infineon Technologies AG | 1,067,605 | 43,170,732 | |
| MediaTek, Inc. | 400,000 | 13,881,767 | |
| Megachips Corp. | 18,700 | 562,694 | |
| NAURA Technology Group Co. Ltd. | 86,200 | 2,533,184 | |
| NXP Semiconductors NV | 208,201 | 44,017,855 | |
| Renesas Electronics Corp. (b) | 823,500 | 8,839,682 | |
| ROHM Co. Ltd. | 20,800 | 1,958,137 | |
| Silergy Corp. | 17,000 | 2,145,643 | |
| SK Hynix, Inc. | 358,467 | 40,223,680 | |
| SMA Solar Technology AG | 28,736 | 1,604,228 | |
| Sumco Corp. | 20,300 | 468,717 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1,758,000 | 37,392,907 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 833,016 | 97,762,758 | |
| Texas Instruments, Inc. | 52,920 | 10,045,274 | |
| Tokyo Electron Ltd. | 49,600 | 21,761,946 | |
| 506,384,111 | |||
| Software - 1.4% | |||
| ANSYS, Inc. (b) | 94,014 | 31,771,091 | |
| Atlassian Corp. PLC (b) | 31,334 | 7,309,596 | |
| Avast PLC (a) | 644,588 | 4,308,553 | |
| Aveva Group PLC | 74,332 | 3,691,034 | |
| Cadence Design Systems, Inc. (b) | 502,928 | 63,866,827 | |
| Check Point Software Technologies Ltd. (b) | 119,000 | 13,920,620 | |
| Constellation Software, Inc. | 7,621 | 10,938,206 | |
| Dassault Systemes SA | 121,028 | 27,857,159 | |
| Descartes Systems Group, Inc. (Canada) (b) | 85,677 | 5,011,330 | |
| Enghouse Systems Ltd. | 32,311 | 1,420,234 | |
| Kinaxis, Inc. (b) | 16,815 | 1,906,781 | |
| Nemetschek Se | 26,864 | 2,003,559 | |
| Netcompany Group A/S (a) | 27,831 | 3,240,302 | |
| NICE Systems Ltd. sponsored ADR (b) | 10,783 | 2,397,708 | |
| Open Text Corp. | 55,650 | 2,614,437 | |
| Pexip Holding ASA | 146,879 | 1,303,171 | |
| Rakus Co. Ltd. | 105,900 | 1,969,807 | |
| Sage Group PLC | 275,091 | 2,563,336 | |
| SAP SE | 651,630 | 91,237,151 | |
| TeamViewer AG (a)(b) | 54,654 | 2,144,060 | |
| Temenos Group AG | 70,697 | 10,956,267 | |
| Topicus.Com, Inc. | 3,161 | 201,846 | |
| Weimob, Inc. (a)(b)(c) | 731,000 | 1,620,070 | |
| 294,253,145 | |||
| Technology Hardware, Storage & Peripherals - 0.9% | |||
| Brother Industries Ltd. | 170,700 | 3,658,468 | |
| Canon, Inc. | 115,700 | 2,759,766 | |
| Canon, Inc. sponsored ADR (c) | 118,708 | 2,835,934 | |
| Fujifilm Holdings Corp. | 42,500 | 2,926,131 | |
| Logitech International SA (Reg.) | 23,151 | 2,851,730 | |
| Ricoh Co. Ltd. | 286,500 | 3,414,831 | |
| Samsung Electronics Co. Ltd. | 2,417,522 | 173,830,331 | |
| Seiko Epson Corp. | 215,000 | 3,905,056 | |
| 196,182,247 | |||
| TOTAL INFORMATION TECHNOLOGY | 1,638,084,657 | ||
| MATERIALS - 4.3% | |||
| Chemicals - 2.7% | |||
| Air Liquide SA | 66,624 | 11,330,485 | |
| Air Water, Inc. | 90,700 | 1,545,042 | |
| Akzo Nobel NV | 505,499 | 64,478,657 | |
| Alpek SA de CV | 393,749 | 445,187 | |
| Alujain Corp. (b) | 29,990 | 463,814 | |
| Arkema SA (c) | 81,000 | 10,741,830 | |
| Asahi Kasei Corp. | 828,800 | 9,306,217 | |
| BASF AG | 752,434 | 61,602,537 | |
| Christian Hansen Holding A/S | 36,453 | 3,274,565 | |
| Clariant AG (Reg.) | 250,308 | 5,418,006 | |
| Covestro AG (a) | 169,239 | 11,825,488 | |
| Croda International PLC | 337,995 | 33,519,032 | |
| Daicel Chemical Industries Ltd. | 235,300 | 1,891,655 | |
| Denki Kagaku Kogyo KK | 206,760 | 7,878,138 | |
| Ems-Chemie Holding AG | 840 | 789,105 | |
| Evonik Industries AG | 211,730 | 7,608,982 | |
| Givaudan SA | 14,956 | 66,923,735 | |
| Johnson Matthey PLC | 294,170 | 12,716,177 | |
| JSR Corp. | 49,300 | 1,508,153 | |
| Kansai Paint Co. Ltd. | 757,700 | 20,578,314 | |
| Koninklijke DSM NV | 38,616 | 7,110,632 | |
| Kuraray Co. Ltd. | 419,100 | 4,433,408 | |
| Linde PLC | 43,700 | 13,136,220 | |
| Linde PLC | 113,436 | 34,167,394 | |
| Mitsubishi Chemical Holdings Corp. | 192,500 | 1,555,795 | |
| Mitsubishi Gas Chemical Co., Inc. | 12,200 | 288,130 | |
| Mitsui Chemicals, Inc. | 163,500 | 5,530,508 | |
| Nippon Sanso Holdings Corp. | 295,600 | 5,883,203 | |
| Nitto Denko Corp. | 194,000 | 15,309,734 | |
| Novozymes A/S Series B | 404,762 | 29,582,897 | |
| Orica Ltd. | 194,238 | 2,058,899 | |
| PhosAgro OJSC | 54,010 | 3,432,977 | |
| Pidilite Industries Ltd. (b) | 77,433 | 2,202,292 | |
| Shin-Etsu Chemical Co. Ltd. | 64,100 | 11,104,305 | |
| Sika AG | 165,273 | 53,302,610 | |
| Solvay SA Class A | 23,646 | 3,203,581 | |
| Sumitomo Chemical Co. Ltd. | 428,800 | 2,378,112 | |
| Symrise AG | 273,157 | 36,391,318 | |
| Teijin Ltd. | 128,400 | 2,113,064 | |
| Tessenderlo Group (b) | 4,094 | 173,986 | |
| Toray Industries, Inc. | 1,551,800 | 10,239,446 | |
| Tosoh Corp. | 99,400 | 1,767,374 | |
| Transfar Zhilian Co. Ltd. | 666,700 | 678,383 | |
| Umicore SA | 145,281 | 8,753,620 | |
| Yara International ASA | 191,174 | 10,195,337 | |
| 598,838,344 | |||
| Construction Materials - 0.2% | |||
| CSR Ltd. | 46,808 | 200,989 | |
| HeidelbergCement AG | 240,640 | 22,020,372 | |
| Holcim Ltd. | 53,190 | 3,188,443 | |
| James Hardie Industries PLC CDI | 200,134 | 6,544,698 | |
| RHI Magnesita NV | 8,059 | 508,943 | |
| Taiheiyo Cement Corp. | 33,600 | 781,379 | |
| 33,244,824 | |||
| Containers & Packaging - 0.1% | |||
| Amcor PLC unit | 527,087 | 6,196,553 | |
| Fuji Seal International, Inc. | 14,700 | 320,540 | |
| Sig Combibloc Group AG | 150,424 | 3,986,780 | |
| Smurfit Kappa Group PLC | 378,608 | 20,120,604 | |
| Toyo Seikan Group Holdings Ltd. | 56,800 | 774,283 | |
| 31,398,760 | |||
| Metals & Mining - 1.2% | |||
| Agnico Eagle Mines Ltd. (Canada) | 204,802 | 14,745,812 | |
| Alumina Ltd. | 471,129 | 619,245 | |
| Anglo American PLC (United Kingdom) | 87,735 | 3,894,844 | |
| Antofagasta PLC | 666,023 | 14,598,406 | |
| ArcelorMittal SA (Netherlands) | 707,334 | 22,853,486 | |
| BHP Group Ltd. | 646,371 | 23,941,960 | |
| BHP Group PLC | 634,090 | 19,120,736 | |
| BHP Group PLC ADR | 172,042 | 10,451,552 | |
| BlueScope Steel Ltd. | 184,930 | 3,046,561 | |
| Deterra Royalties Ltd. | 141,544 | 457,197 | |
| Evraz PLC | 38,032 | 344,133 | |
| Fangda Special Steel Technology Co. Ltd. (A Shares) | 161,600 | 232,691 | |
| Ferrexpo PLC | 109,178 | 694,131 | |
| Fortescue Metals Group Ltd. | 447,100 | 7,624,087 | |
| Franco-Nevada Corp. | 272,765 | 40,802,420 | |
| Glencore Xstrata PLC | 3,427,041 | 15,589,768 | |
| Godo Steel Ltd. | 43,200 | 661,953 | |
| Hitachi Metals Ltd. | 17,000 | 328,283 | |
| IGO Ltd. | 2,148,478 | 12,604,151 | |
| JFE Holdings, Inc. | 198,300 | 2,676,761 | |
| Maanshan Iron & Steel Co. Ltd. (A Shares) | 1,526,800 | 896,651 | |
| Mitsubishi Materials Corp. | 149,900 | 3,202,915 | |
| MMC Norilsk Nickel PJSC | 8,339 | 3,103,493 | |
| Nippon Steel & Sumitomo Metal Corp. | 62,800 | 1,195,682 | |
| Norsk Hydro ASA | 327,809 | 2,123,830 | |
| Novolipetsk Steel OJSC | 230,760 | 829,942 | |
| Polymetal International PLC | 15,711 | 377,755 | |
| Polyus PJSC | 5,783 | 1,252,325 | |
| Rio Tinto Ltd. | 145,990 | 13,845,125 | |
| Rio Tinto PLC | 136,644 | 11,751,143 | |
| Rio Tinto PLC sponsored ADR (c) | 72,725 | 6,358,347 | |
| Sandfire Resources NL | 68,739 | 379,415 | |
| South32 Ltd. | 3,254,279 | 7,526,171 | |
| St Barbara Ltd. | 144,925 | 211,714 | |
| Sumitomo Metal Mining Co. Ltd. | 179,700 | 8,024,881 | |
| Tokyo Steel Manufacturing Co. Ltd. | 85,500 | 907,661 | |
| Uacj Corp. | 7,800 | 170,722 | |
| Vale SA | 38,500 | 824,340 | |
| Vale SA sponsored ADR | 21,600 | 464,832 | |
| Voestalpine AG | 83,146 | 3,739,351 | |
| Wheaton Precious Metals Corp. | 196,299 | 9,416,437 | |
| 271,890,909 | |||
| Paper & Forest Products - 0.1% | |||
| Stora Enso Oyj (R Shares) | 490,977 | 8,750,321 | |
| West Fraser Timber Co. Ltd. | 21,465 | 1,651,742 | |
| 10,402,063 | |||
| TOTAL MATERIALS | 945,774,900 | ||
| REAL ESTATE - 0.8% | |||
| Equity Real Estate Investment Trusts (REITs) - 0.2% | |||
| Big Yellow Group PLC | 138,837 | 2,577,159 | |
| British Land Co. PLC | 1,512,900 | 10,949,863 | |
| Great Portland Estates PLC | 778,157 | 7,962,158 | |
| Scentre Group unit | 2,174,673 | 4,593,488 | |
| Segro PLC | 506,174 | 7,495,845 | |
| Warehouses de Pauw | 90,783 | 3,458,435 | |
| 37,036,948 | |||
| Real Estate Management & Development - 0.6% | |||
| CK Asset Holdings Ltd. | 1,382,100 | 9,402,889 | |
| Deutsche Wohnen AG (Bearer) | 483,678 | 30,812,256 | |
| ESR Cayman Ltd. (a)(b) | 1,915,000 | 6,119,393 | |
| Grand City Properties SA | 609,991 | 17,435,927 | |
| Hang Lung Group Ltd. | 205,000 | 507,686 | |
| Hongkong Land Holdings Ltd. | 92,300 | 452,270 | |
| LEG Immobilien AG (c) | 185,185 | 27,256,939 | |
| LEG Immobilien AG rights (b)(d) | 185,185 | 853,614 | |
| Lendlease Group unit | 819,300 | 7,806,556 | |
| Mitsui Fudosan Co. Ltd. | 559,800 | 13,258,934 | |
| Nomura Real Estate Holdings, Inc. | 24,600 | 647,504 | |
| Relo Group, Inc. | 35,100 | 700,178 | |
| Savills PLC | 80,248 | 1,351,802 | |
| Swire Pacific Ltd. (A Shares) | 28,000 | 217,913 | |
| TAG Immobilien AG | 314,811 | 9,896,846 | |
| Vonovia SE | 313,202 | 19,669,610 | |
| 146,390,317 | |||
| TOTAL REAL ESTATE | 183,427,265 | ||
| UTILITIES - 1.2% | |||
| Electric Utilities - 0.4% | |||
| Chubu Electric Power Co., Inc. | 507,800 | 6,060,192 | |
| Chugoku Electric Power Co., Inc. | 211,700 | 2,056,575 | |
| CLP Holdings Ltd. | 706,500 | 7,290,562 | |
| Enel SpA | 4,253,564 | 42,183,907 | |
| Iberdrola SA | 1,060,372 | 14,616,168 | |
| Kansai Electric Power Co., Inc. | 530,500 | 5,011,801 | |
| Kyushu Electric Power Co., Inc. | 252,700 | 2,068,351 | |
| Mosenergo PJSC | 1,381,000 | 44,361 | |
| ORSTED A/S (a) | 90,504 | 13,855,652 | |
| Shikoku Electric Power Co., Inc. | 33,700 | 229,197 | |
| Tauron Polska Energia SA (b) | 291,390 | 268,921 | |
| Tohoku Electric Power Co., Inc. | 69,900 | 570,859 | |
| Tokyo Electric Power Co., Inc. (b) | 111,700 | 349,647 | |
| 94,606,193 | |||
| Gas Utilities - 0.1% | |||
| APA Group unit | 718,691 | 5,102,698 | |
| Beijing Enterprises Holdings Ltd. | 846,500 | 2,955,862 | |
| China Resource Gas Group Ltd. | 1,192,000 | 7,387,700 | |
| Nippon Gas Co. Ltd. | 12,800 | 198,815 | |
| Osaka Gas Co. Ltd. | 282,900 | 5,412,260 | |
| Tokyo Gas Co. Ltd. | 293,600 | 5,814,468 | |
| 26,871,803 | |||
| Independent Power and Renewable Electricity Producers - 0.1% | |||
| Drax Group PLC | 45,073 | 278,761 | |
| EDP Renovaveis SA | 193,455 | 4,600,220 | |
| Electric Power Development Co. Ltd. | 271,400 | 3,842,373 | |
| Scatec Solar AS (a) | 72,066 | 1,943,188 | |
| Solaria Energia y Medio Ambiente SA (b) | 75,802 | 1,428,610 | |
| 12,093,152 | |||
| Multi-Utilities - 0.6% | |||
| A2A SpA | 319,412 | 667,420 | |
| Centrica PLC | 405,589 | 314,618 | |
| E.ON AG | 1,028,155 | 12,512,761 | |
| ENGIE (c) | 2,794,541 | 41,800,112 | |
| Iren SpA | 269,468 | 862,911 | |
| National Grid PLC | 840,949 | 11,224,952 | |
| RWE AG | 961,944 | 36,587,199 | |
| Veolia Environnement SA | 613,100 | 19,349,047 | |
| 123,319,020 | |||
| TOTAL UTILITIES | 256,890,168 | ||
| TOTAL COMMON STOCKS | |||
| (Cost $6,637,843,584) | 10,289,393,918 | ||
| Nonconvertible Preferred Stocks - 0.4% | |||
| CONSUMER DISCRETIONARY - 0.2% | |||
| Automobiles - 0.2% | |||
| Bayerische Motoren Werke AG (BMW) (non-vtg.) | 69,276 | 6,327,449 | |
| Hyundai Motor Co. | 6,336 | 625,649 | |
| Porsche Automobil Holding SE (Germany) | 52,448 | 5,834,959 | |
| Volkswagen AG | 104,204 | 28,737,235 | |
| 41,525,292 | |||
| CONSUMER STAPLES - 0.2% | |||
| Household Products - 0.2% | |||
| Henkel AG & Co. KGaA | 396,603 | 45,732,765 | |
| ENERGY - 0.0% | |||
| Oil, Gas & Consumable Fuels - 0.0% | |||
| Surgutneftegas OJSC | 706,300 | 447,249 | |
| FINANCIALS - 0.0% | |||
| Banks - 0.0% | |||
| Sberbank of Russia (Russia) | 180,210 | 715,967 | |
| Insurance - 0.0% | |||
| Samsung Fire & Marine Insurance Co. Ltd. | 567 | 82,965 | |
| TOTAL FINANCIALS | 798,932 | ||
| MATERIALS - 0.0% | |||
| Containers & Packaging - 0.0% | |||
| Klabin SA (PN) (non-vtg.) (b) | 921,500 | 908,822 | |
| Metals & Mining - 0.0% | |||
| Companhia Siderurgica Nacional SA (CSN) sponsored ADR | 43,811 | 373,708 | |
| Gerdau SA sponsored ADR | 68,300 | 426,875 | |
| 800,583 | |||
| TOTAL MATERIALS | 1,709,405 | ||
| UTILITIES - 0.0% | |||
| Electric Utilities - 0.0% | |||
| Companhia Energetica de Minas Gerais (CEMIG) (PN) | 254,066 | 667,864 | |
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
| (Cost $57,045,136) | 90,881,507 | ||
| Equity Funds - 48.5% | |||
| Diversified Emerging Markets Funds - 0.0% | |||
| Matthews Pacific Tiger Fund Investor Class | 19,976 | 727,519 | |
| Europe Stock Funds - 0.4% | |||
| WisdomTree Europe Hedged Equity ETF (c) | 1,131,853 | 85,941,598 | |
| Foreign Large Blend Funds - 12.4% | |||
| Artisan International Value Fund Investor Class | 19,418,342 | 899,651,776 | |
| Fidelity SAI International Index Fund (e) | 24,346,626 | 351,808,745 | |
| Fidelity SAI International Low Volatility Index Fund (e) | 898,983 | 10,365,275 | |
| Fidelity SAI International Quality Index Fund (e) | 206,696 | 2,889,604 | |
| Harbor International Fund Institutional Class | 9,619 | 472,595 | |
| Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class I | 28,053,450 | 496,546,058 | |
| Oakmark International Fund Investor Class | 31,064,062 | 949,939,029 | |
| TOTAL FOREIGN LARGE BLEND FUNDS | 2,711,673,082 | ||
| Foreign Large Growth Funds - 17.9% | |||
| American Funds EuroPacific Growth Fund Class F2 | 962,950 | 70,690,124 | |
| Fidelity Diversified International Fund (e) | 12,558,271 | 640,848,546 | |
| Fidelity International Discovery Fund (e) | 21,771,952 | 1,278,013,594 | |
| Fidelity Overseas Fund (e) | 9,663,607 | 632,966,263 | |
| Fidelity SAI International Momentum Index Fund (b)(e) | 350,583 | 4,873,104 | |
| Invesco Oppenheimer International Growth Fund Class R6 | 836,208 | 41,693,330 | |
| JOHCM International Select Fund Class II Shares | 18,710,591 | 593,125,729 | |
| WCM Focused International Growth Fund Investor Class | 24,274,057 | 646,660,880 | |
| TOTAL FOREIGN LARGE GROWTH FUNDS | 3,908,871,570 | ||
| Foreign Large Value Funds - 7.2% | |||
| Fidelity SAI International Value Index Fund (e) | 87,172,490 | 903,106,993 | |
| iShares MSCI EAFE Value ETF (c) | 2,278,820 | 122,851,186 | |
| Pear Tree Polaris Foreign Value Fund Institutional Shares | 21,924,646 | 557,543,748 | |
| TOTAL FOREIGN LARGE VALUE FUNDS | 1,583,501,927 | ||
| Foreign Small Mid Blend Funds - 1.9% | |||
| Fidelity International Small Cap Fund (e) | 1,734,127 | 60,590,381 | |
| iShares MSCI EAFE Small-Cap ETF (c) | 2,446,450 | 186,248,239 | |
| Oakmark International Small Cap Fund Investor Class | 2,797,030 | 57,786,630 | |
| Victory Trivalent International Small-Cap Fund Class I | 5,955,691 | 109,406,050 | |
| TOTAL FOREIGN SMALL MID BLEND FUNDS | 414,031,300 | ||
| Foreign Small Mid Growth Funds - 1.0% | |||
| Fidelity International Small Cap Opportunities Fund (e) | 3,206,204 | 84,739,985 | |
| Oberweis International Opportunities Institutional Fund | 1,770,695 | 31,961,047 | |
| T. Rowe Price International Discovery Fund | 1,006,218 | 98,840,832 | |
| Wasatch International Growth Fund Investor Class | 100 | 3,586 | |
| TOTAL FOREIGN SMALL MID GROWTH FUNDS | 215,545,450 | ||
| Foreign Small Mid Value Funds - 0.9% | |||
| Brandes International Small Cap Equity Fund Class A | 3,215,295 | 45,046,277 | |
| Segall Bryant & Hamill International Small Capital Fund Class A | 4,713,344 | 59,482,403 | |
| Transamerica International Small Cap Value Fund | 5,682,172 | 92,789,875 | |
| TOTAL FOREIGN SMALL MID VALUE FUNDS | 197,318,555 | ||
| Sector Funds - 0.0% | |||
| SPDR Dow Jones International Real Estate ETF (c) | 201,575 | 7,500,606 | |
| Other - 6.8% | |||
| Fidelity Advisor Japan Fund Class I (e) | 3,486,370 | 69,901,725 | |
| Fidelity Japan Smaller Companies Fund (e) | 6,966,190 | 123,371,228 | |
| iShares MSCI Australia ETF (c) | 4,610,307 | 123,279,609 | |
| iShares MSCI Japan ETF (c) | 17,039,153 | 1,168,545,113 | |
| Matthews Japan Fund Investor Class | 198 | 4,728 | |
| TOTAL OTHER | 1,485,102,403 | ||
| TOTAL EQUITY FUNDS | |||
| (Cost $6,806,928,884) | 10,610,214,010 | ||
| U.S. Treasury Obligations - 0.2% | |||
| U.S. Treasury Bills, yield at date of purchase 0% to 0.02% 6/17/21 to 8/26/21 (f) | |||
| (Cost $35,519,430) | 35,520,000 | 35,519,306 | |
| Money Market Funds - 10.4% | |||
| Fidelity Securities Lending Cash Central Fund 0.03% (g)(h) | 1,495,442,164 | 1,495,591,709 | |
| State Street Institutional U.S. Government Money Market Fund Premier Class 0.04% (i) | 790,238,762 | 790,238,762 | |
| TOTAL MONEY MARKET FUNDS | |||
| (Cost $2,285,830,471) | 2,285,830,471 | ||
| TOTAL INVESTMENT IN SECURITIES - 106.5% | |||
| (Cost $15,823,167,505) | 23,311,839,212 | ||
| NET OTHER ASSETS (LIABILITIES) - (6.5)% | (1,427,890,535) | ||
| NET ASSETS - 100% | $21,883,948,677 |
| 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 2021 | $157,578,600 | $(58,709) | $(58,709) |
| ICE E-mini MSCI EAFE Index Contracts (United States) | 3,672 | June 2021 | 429,385,320 | 14,330,176 | 14,330,176 |
| TOTAL FUTURES CONTRACTS | $14,271,467 |
The notional amount of futures purchased as a percentage of Net Assets is 2.7%
Security Type Abbreviations
ETF – Exchange-Traded Fund
Legend
(a) 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 $244,457,058 or 1.1% of net assets.
(b) Non-income producing
(c) Security or a portion of the security is on loan at period end.
(d) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(e) Affiliated Fund
(f) 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 $35,519,306.
(g) 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.
(h) Investment made with cash collateral received from securities on loan.
(i) 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 | $671,875 |
| Total | $671,875 |
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 | $69,518,224 | $-- | $-- | $-- | $-- | $383,501 | $69,901,725 |
| Fidelity Diversified International Fund | 631,176,275 | -- | 38,000,000 | -- | 16,688,668 | 30,983,603 | 640,848,546 |
| Fidelity International Discovery Fund | 1,206,053,461 | -- | 28,000,000 | -- | 11,674,040 | 88,286,093 | 1,278,013,594 |
| Fidelity International Small Cap Fund | 55,266,613 | -- | -- | -- | -- | 5,323,768 | 60,590,381 |
| Fidelity International Small Cap Opportunities Fund | 76,339,729 | -- | -- | -- | -- | 8,400,256 | 84,739,985 |
| Fidelity Japan Smaller Companies Fund | 119,888,133 | -- | -- | -- | -- | 3,483,095 | 123,371,228 |
| Fidelity Overseas Fund | 580,010,044 | -- | 10,000,000 | -- | 2,524,348 | 60,431,871 | 632,966,263 |
| Fidelity SAI International Index Fund | -- | 350,000,000 | -- | -- | -- | 1,808,745 | 351,808,745 |
| Fidelity SAI International Low Volatility Index Fund | 147,984,370 | -- | 140,000,000 | -- | 3,755,982 | (1,375,077) | 10,365,275 |
| Fidelity SAI International Momentum Index Fund | 24,583,116 | -- | 20,000,000 | -- | 4,318,725 | (4,028,737) | 4,873,104 |
| Fidelity SAI International Quality Index Fund | 17,608,498 | -- | 15,000,000 | -- | 3,082,408 | (2,801,302) | 2,889,604 |
| Fidelity SAI International Value Index Fund | -- | 855,000,000 | -- | -- | -- | 48,106,993 | 903,106,993 |
| Total | $2,928,428,463 | $1,205,000,000 | $251,000,000 | $-- | $42,044,171 | $239,002,809 | $4,163,475,443 |
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 Fund’s 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 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 open-end mutual 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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