Avantis International Large Cap Value ETF - Schedule of Investments | ||
MAY 31, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.3% | ||||||||
Australia — 6.5% | ||||||||
Allkem Ltd.(1) | 21,321 | 205,984 | ||||||
ANZ Group Holdings Ltd. | 57,758 | 859,125 | ||||||
Aurizon Holdings Ltd. | 212,507 | 491,884 | ||||||
Bank of Queensland Ltd. | 31 | 110 | ||||||
Bendigo & Adelaide Bank Ltd. | 4,675 | 26,092 | ||||||
BHP Group Ltd., ADR(2) | 68,231 | 3,745,882 | ||||||
BlueScope Steel Ltd. | 55,794 | 672,883 | ||||||
Brambles Ltd. | 98,408 | 878,628 | ||||||
Evolution Mining Ltd. | 247,893 | 558,863 | ||||||
Fortescue Metals Group Ltd. | 81,481 | 1,020,261 | ||||||
Harvey Norman Holdings Ltd. | 75,483 | 165,311 | ||||||
National Australia Bank Ltd. | 42 | 707 | ||||||
New Hope Corp. Ltd. | 97,540 | 292,700 | ||||||
Pilbara Minerals Ltd. | 167,175 | 479,249 | ||||||
Rio Tinto Ltd. | 14,833 | 1,033,623 | ||||||
Santos Ltd. | 243,858 | 1,154,357 | ||||||
Sonic Healthcare Ltd. | 3,427 | 78,380 | ||||||
South32 Ltd. | 293,733 | 750,943 | ||||||
Telstra Group Ltd. | 80,951 | 229,565 | ||||||
Viva Energy Group Ltd. | 53,869 | 110,971 | ||||||
Whitehaven Coal Ltd. | 124,508 | 458,814 | ||||||
Woodside Energy Group Ltd. | 21,385 | 473,186 | ||||||
Woodside Energy Group Ltd., ADR(2) | 9,725 | 214,728 | ||||||
13,902,246 | ||||||||
Austria — 0.2% | ||||||||
Erste Group Bank AG | 7,558 | 245,523 | ||||||
OMV AG | 3,634 | 162,326 | ||||||
Raiffeisen Bank International AG(1) | 8,548 | 125,691 | ||||||
voestalpine AG | 254 | 7,887 | ||||||
541,427 | ||||||||
Belgium — 1.1% | ||||||||
Ageas SA | 3,331 | 133,261 | ||||||
Bekaert SA | 791 | 33,894 | ||||||
Deme Group NV | 376 | 48,030 | ||||||
Etablissements Franz Colruyt NV(2) | 3,450 | 114,299 | ||||||
Euronav NV | 1,294 | 20,515 | ||||||
KBC Ancora | 3,959 | 189,636 | ||||||
KBC Group NV | 7,643 | 502,139 | ||||||
Melexis NV | 1,186 | 108,352 | ||||||
Proximus SADP | 6,876 | 53,370 | ||||||
Solvay SA | 4,623 | 483,681 | ||||||
UCB SA | 3,479 | 303,827 | ||||||
Umicore SA | 11,846 | 329,317 | ||||||
2,320,321 | ||||||||
Canada — 9.5% | ||||||||
ARC Resources Ltd. | 49,395 | 595,287 | ||||||
Bank of Montreal | 15,387 | 1,283,327 | ||||||
Bank of Nova Scotia | 29,091 | 1,405,154 | ||||||
Barrick Gold Corp., (Toronto)(2) | 676 | 11,423 |
Canadian Imperial Bank of Commerce | 26,279 | 1,083,488 | ||||||
Canadian Natural Resources Ltd. | 29,732 | 1,601,695 | ||||||
Cenovus Energy, Inc. | 43,640 | 697,276 | ||||||
Element Fleet Management Corp. | 1,325 | 20,097 | ||||||
Empire Co. Ltd., Class A | 1,852 | 47,231 | ||||||
Fairfax Financial Holdings Ltd. | 400 | 287,110 | ||||||
First Quantum Minerals Ltd. | 34,886 | 730,871 | ||||||
Great-West Lifeco, Inc.(2) | 12,181 | 344,837 | ||||||
iA Financial Corp., Inc. | 9,908 | 631,484 | ||||||
Imperial Oil Ltd.(2) | 9,023 | 409,574 | ||||||
Keyera Corp. | 7,842 | 175,037 | ||||||
Kinross Gold Corp. | 101,419 | 478,145 | ||||||
Loblaw Cos. Ltd. | 87 | 7,607 | ||||||
Lundin Mining Corp. | 54,331 | 379,817 | ||||||
Magna International, Inc. | 14,520 | 702,522 | ||||||
Manulife Financial Corp. | 74,545 | 1,381,073 | ||||||
MEG Energy Corp.(1) | 27,407 | 414,083 | ||||||
National Bank of Canada | 14,167 | 1,015,641 | ||||||
Northland Power, Inc.(2) | 12,933 | 283,716 | ||||||
Nutrien Ltd. | 12,395 | 653,032 | ||||||
Onex Corp. | 278 | 12,588 | ||||||
Royal Bank of Canada | 21,649 | 1,936,529 | ||||||
Suncor Energy, Inc. | 42,537 | 1,191,663 | ||||||
Teck Resources Ltd., Class B | 22,828 | 891,091 | ||||||
Toronto-Dominion Bank | 577 | 32,661 | ||||||
Tourmaline Oil Corp. | 18,906 | 790,361 | ||||||
West Fraser Timber Co. Ltd. | 4,410 | 297,606 | ||||||
Whitecap Resources, Inc.(2) | 62,000 | 424,295 | ||||||
20,216,321 | ||||||||
Denmark — 0.7% | ||||||||
AP Moller - Maersk A/S, A Shares | 15 | 25,234 | ||||||
AP Moller - Maersk A/S, B Shares | 23 | 38,709 | ||||||
Jyske Bank A/S(1) | 36 | 2,482 | ||||||
Novo Nordisk A/S, ADR | 8,141 | 1,306,305 | ||||||
Vestas Wind Systems A/S(1) | 1,339 | 38,138 | ||||||
1,410,868 | ||||||||
Finland — 1.2% | ||||||||
Cargotec Oyj, B Shares | 3,576 | 191,328 | ||||||
Huhtamaki Oyj | 3,500 | 114,518 | ||||||
Kesko Oyj, B Shares | 20,886 | 395,434 | ||||||
Kone Oyj, B Shares | 7,044 | 358,318 | ||||||
Metsa Board Oyj, Class B(2) | 9,419 | 75,784 | ||||||
Neste Oyj | 163 | 6,159 | ||||||
Nokia Oyj, ADR | 6,976 | 27,974 | ||||||
Orion Oyj, Class B | 4,088 | 173,341 | ||||||
Outokumpu Oyj(2) | 24,067 | 131,743 | ||||||
Sampo Oyj, A Shares | 17,548 | 807,563 | ||||||
Stora Enso Oyj, R Shares | 29,770 | 377,671 | ||||||
2,659,833 | ||||||||
France — 8.5% | ||||||||
Aeroports de Paris | 1,203 | 183,358 | ||||||
Airbus SE | 6,838 | 898,002 | ||||||
ALD SA | 8,476 | 91,474 | ||||||
ArcelorMittal SA, NY Shares(2) | 22,146 | 552,543 | ||||||
AXA SA | 33,604 | 952,696 |
BNP Paribas SA | 5,859 | 340,632 | ||||||
Bouygues SA | 1,573 | 50,469 | ||||||
Carrefour SA(2) | 22,916 | 421,755 | ||||||
Cie de Saint-Gobain | 20,481 | 1,137,402 | ||||||
Cie Generale des Etablissements Michelin SCA | 23,528 | 671,379 | ||||||
Dassault Aviation SA | 1,428 | 242,219 | ||||||
Eiffage SA | 5,267 | 562,477 | ||||||
Eramet SA | 133 | 11,573 | ||||||
Eurazeo SE | 321 | 21,956 | ||||||
Gaztransport Et Technigaz SA | 1,463 | 146,320 | ||||||
Getlink SE | 11,977 | 203,786 | ||||||
Ipsen SA | 2,443 | 283,250 | ||||||
JCDecaux SE(1) | 1,890 | 38,430 | ||||||
Kering SA | 1,777 | 950,094 | ||||||
La Francaise des Jeux SAEM | 7,249 | 280,255 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 1,704 | 1,489,855 | ||||||
Neoen SA | 263 | 7,905 | ||||||
Nexans SA | 1,773 | 136,855 | ||||||
Orange SA, ADR(2) | 67,892 | 816,741 | ||||||
Renault SA | 13,793 | 463,274 | ||||||
Safran SA | 6,499 | 943,945 | ||||||
SES SA(2) | 2,585 | 15,350 | ||||||
Societe Generale SA(2) | 25,987 | 604,989 | ||||||
STMicroelectronics NV, NY Shares | 31,633 | 1,374,138 | ||||||
Thales SA | 24 | 3,345 | ||||||
TOTAL SE, ADR | 41,231 | 2,321,305 | ||||||
Ubisoft Entertainment SA(1) | 5,223 | 148,557 | ||||||
Valeo SA | 14,620 | 281,346 | ||||||
Verallia SA | 348 | 12,097 | ||||||
Vinci SA | 14,048 | 1,600,306 | ||||||
18,260,078 | ||||||||
Germany — 9.6% | ||||||||
Allianz SE | 8,995 | 1,926,266 | ||||||
Aurubis AG | 181 | 13,886 | ||||||
BASF SE | 27,629 | 1,313,984 | ||||||
Bayerische Motoren Werke AG | 12,178 | 1,328,075 | ||||||
Bayerische Motoren Werke AG, Preference Shares | 2,116 | 217,844 | ||||||
Commerzbank AG | 30,500 | 308,526 | ||||||
Continental AG | 4,173 | 278,538 | ||||||
Covestro AG(1) | 1,410 | 54,451 | ||||||
Daimler Truck Holding AG | 27,786 | 843,351 | ||||||
Deutsche Bank AG | 73,618 | 745,750 | ||||||
Deutsche Boerse AG | 16 | 2,767 | ||||||
Deutsche Lufthansa AG(1) | 73,470 | 722,941 | ||||||
Deutsche Post AG | 34,408 | 1,551,589 | ||||||
Deutsche Telekom AG | 79,830 | 1,771,073 | ||||||
Dr. Ing. h.c. F. Porsche AG, Preference Shares | 3,036 | 377,999 | ||||||
Encavis AG(1) | 11,467 | 185,979 | ||||||
Fielmann AG | 1,165 | 58,465 | ||||||
Fraport AG Frankfurt Airport Services Worldwide(1) | 2,027 | 103,448 | ||||||
Hannover Rueck SE | 3,426 | 734,376 | ||||||
HelloFresh SE(1) | 10,245 | 244,811 | ||||||
HUGO BOSS AG | 6,187 | 421,421 | ||||||
Infineon Technologies AG | 58,540 | 2,179,386 | ||||||
KION Group AG | 443 | 15,548 |
Knorr-Bremse AG | 4,555 | 312,512 | ||||||
Krones AG | 1,047 | 117,336 | ||||||
Mercedes-Benz Group AG | 26,628 | 1,990,537 | ||||||
MTU Aero Engines AG | 4,145 | 958,877 | ||||||
Schaeffler AG, Preference Shares | 14,809 | 90,601 | ||||||
Sixt SE | 1,332 | 146,543 | ||||||
Sixt SE, Preference Shares | 1,429 | 102,079 | ||||||
Telefonica Deutschland Holding AG | 116,165 | 327,524 | ||||||
VERBIO Vereinigte BioEnergie AG | 1,603 | 57,171 | ||||||
Volkswagen AG | 832 | 125,909 | ||||||
Volkswagen AG, Preference Shares | 5,543 | 694,436 | ||||||
Wacker Chemie AG | 784 | 104,429 | ||||||
20,428,428 | ||||||||
Hong Kong — 2.5% | ||||||||
AIA Group Ltd. | 165,600 | 1,591,945 | ||||||
ASMPT Ltd. | 22,100 | 188,087 | ||||||
Bank of East Asia Ltd. | 86,000 | 107,690 | ||||||
BOC Hong Kong Holdings Ltd. | 77,000 | 228,509 | ||||||
CK Asset Holdings Ltd. | 63,500 | 342,275 | ||||||
CK Hutchison Holdings Ltd. | 56,000 | 337,606 | ||||||
Hang Lung Group Ltd. | 35,000 | 52,134 | ||||||
Hang Lung Properties Ltd. | 112,000 | 177,384 | ||||||
Henderson Land Development Co. Ltd. | 50,000 | 158,643 | ||||||
Hongkong Land Holdings Ltd. | 27,300 | 117,016 | ||||||
Hysan Development Co. Ltd. | 33,000 | 83,672 | ||||||
Jardine Matheson Holdings Ltd. | 7,100 | 340,452 | ||||||
Kerry Properties Ltd. | 32,000 | 69,877 | ||||||
Man Wah Holdings Ltd. | 176,000 | 115,396 | ||||||
MTR Corp. Ltd. | 28,500 | 131,189 | ||||||
New World Development Co. Ltd. | 108,000 | 258,017 | ||||||
NWS Holdings Ltd. | 49,000 | 40,398 | ||||||
Pacific Basin Shipping Ltd. | 217,000 | 63,402 | ||||||
Sino Land Co. Ltd. | 124,000 | 161,291 | ||||||
SITC International Holdings Co. Ltd. | 90,000 | 156,349 | ||||||
Swire Pacific Ltd., Class A | 20,000 | 133,537 | ||||||
United Energy Group Ltd. | 376,000 | 50,440 | ||||||
WH Group Ltd. | 450,000 | 235,257 | ||||||
Xinyi Glass Holdings Ltd. | 145,000 | 214,543 | ||||||
5,355,109 | ||||||||
Ireland — 0.7% | ||||||||
AIB Group PLC | 108,476 | 448,432 | ||||||
Bank of Ireland Group PLC | 1,289 | 12,181 | ||||||
CRH PLC | 10,140 | 479,851 | ||||||
Glanbia PLC | 19,302 | 279,702 | ||||||
Kingspan Group PLC | 32 | 2,130 | ||||||
Smurfit Kappa Group PLC | 5,763 | 205,337 | ||||||
1,427,633 | ||||||||
Israel — 0.6% | ||||||||
Bank Hapoalim BM | 38,454 | 309,552 | ||||||
Bank Leumi Le-Israel BM | 35,374 | 248,072 | ||||||
Delek Group Ltd. | 312 | 35,534 | ||||||
First International Bank of Israel Ltd. | 1,842 | 69,431 | ||||||
ICL Group Ltd. | 23,039 | 125,447 | ||||||
Israel Corp. Ltd. | 186 | 48,734 | ||||||
Israel Discount Bank Ltd., A Shares | 30,314 | 146,041 |
Mizrahi Tefahot Bank Ltd. | 4,774 | 153,174 | ||||||
Strauss Group Ltd.(1) | 110 | 2,548 | ||||||
ZIM Integrated Shipping Services Ltd. | 4,849 | 61,728 | ||||||
1,200,261 | ||||||||
Italy — 2.9% | ||||||||
Azimut Holding SpA | 3,922 | 78,298 | ||||||
Banca Popolare di Sondrio SpA | 630 | 2,368 | ||||||
BPER Banca | 57 | 146 | ||||||
Brunello Cucinelli SpA | 4,433 | 384,387 | ||||||
CNH Industrial NV | 5,164 | 66,097 | ||||||
De' Longhi SpA | 6 | 118 | ||||||
Eni SpA, ADR(2) | 45,712 | 1,214,111 | ||||||
ERG SpA | 1,732 | 47,661 | ||||||
Intesa Sanpaolo SpA | 330,855 | 768,395 | ||||||
Leonardo SpA | 301 | 3,239 | ||||||
Poste Italiane SpA | 53,156 | 552,546 | ||||||
Salvatore Ferragamo SpA(2) | 6,366 | 102,973 | ||||||
Stellantis NV(2) | 88,082 | 1,342,232 | ||||||
UniCredit SpA | 89,984 | 1,735,096 | ||||||
6,297,667 | ||||||||
Japan — 20.8% | ||||||||
Aeon Co. Ltd. | 21,400 | 423,241 | ||||||
Aeon Mall Co. Ltd. | 1,500 | 18,909 | ||||||
AGC, Inc. | 11,900 | 433,450 | ||||||
Air Water, Inc. | 13,200 | 172,938 | ||||||
Aisin Corp. | 5,600 | 160,688 | ||||||
Alfresa Holdings Corp. | 12,500 | 187,186 | ||||||
Amada Co. Ltd. | 1,300 | 12,400 | ||||||
Asahi Kasei Corp. | 4,700 | 31,875 | ||||||
Asics Corp. | 600 | 16,028 | ||||||
BIPROGY, Inc. | 400 | 9,648 | ||||||
Bridgestone Corp. | 10,700 | 434,996 | ||||||
Canon Marketing Japan, Inc. | 700 | 17,239 | ||||||
Chugai Pharmaceutical Co. Ltd. | 1,100 | 29,605 | ||||||
Cosmo Energy Holdings Co. Ltd. | 7,700 | 215,768 | ||||||
Credit Saison Co. Ltd. | 14,600 | 200,359 | ||||||
CyberAgent, Inc. | 1,200 | 8,495 | ||||||
Dai-ichi Life Holdings, Inc. | 34,700 | 593,500 | ||||||
Daito Trust Construction Co. Ltd. | 1,200 | 113,971 | ||||||
Daiwa Securities Group, Inc. | 1,600 | 7,256 | ||||||
Disco Corp. | 300 | 43,640 | ||||||
Ebara Corp. | 5,900 | 263,268 | ||||||
Electric Power Development Co. Ltd. | 12,600 | 185,519 | ||||||
FP Corp. | 100 | 2,047 | ||||||
Fuji Electric Co. Ltd. | 7,500 | 314,601 | ||||||
Fujitsu Ltd. | 6,300 | 799,218 | ||||||
Fukuoka Financial Group, Inc. | 2,500 | 46,336 | ||||||
Hakuhodo DY Holdings, Inc. | 20,800 | 217,618 | ||||||
Hino Motors Ltd.(1) | 4,100 | 18,191 | ||||||
Hitachi Construction Machinery Co. Ltd. | 3,100 | 76,430 | ||||||
Hitachi Ltd. | 24,100 | 1,387,015 | ||||||
Honda Motor Co. Ltd., ADR | 41,202 | 1,170,549 | ||||||
Horiba Ltd. | 3,200 | 175,145 | ||||||
Hulic Co. Ltd. | 27,100 | 225,770 | ||||||
Ibiden Co. Ltd. | 10,600 | 577,079 |
IHI Corp. | 11,800 | 272,061 | ||||||
Inpex Corp. | 51,500 | 541,134 | ||||||
Internet Initiative Japan, Inc. | 7,200 | 141,714 | ||||||
Isuzu Motors Ltd. | 15,900 | 184,421 | ||||||
ITOCHU Corp. | 31,800 | 1,073,503 | ||||||
Iwatani Corp. | 3,500 | 165,539 | ||||||
J Front Retailing Co. Ltd. | 23,300 | 227,888 | ||||||
Japan Airlines Co. Ltd. | 6,600 | 126,127 | ||||||
Japan Post Holdings Co. Ltd. | 95,100 | 670,563 | ||||||
Japan Post Insurance Co. Ltd. | 12,200 | 182,868 | ||||||
JFE Holdings, Inc. | 35,900 | 443,535 | ||||||
JGC Holdings Corp. | 18,400 | 223,539 | ||||||
JSR Corp. | 500 | 12,037 | ||||||
JTEKT Corp. | 20,600 | 171,097 | ||||||
Kawasaki Heavy Industries Ltd. | 14,700 | 307,084 | ||||||
KDDI Corp. | 40,000 | 1,233,260 | ||||||
Keikyu Corp. | 9,500 | 89,337 | ||||||
Kintetsu Group Holdings Co. Ltd. | 6,400 | 211,703 | ||||||
Kobe Steel Ltd. | 31,200 | 246,622 | ||||||
Kuraray Co. Ltd. | 17,300 | 163,198 | ||||||
Lawson, Inc. | 3,700 | 161,402 | ||||||
Marubeni Corp. | 73,000 | 1,040,341 | ||||||
Marui Group Co. Ltd. | 12,700 | 212,712 | ||||||
Mazda Motor Corp. | 51,700 | 438,590 | ||||||
MEIJI Holdings Co. Ltd. | 2,000 | 44,879 | ||||||
MINEBEA MITSUMI, Inc. | 15,200 | 292,176 | ||||||
Mitsubishi Chemical Group Corp. | 65,100 | 364,878 | ||||||
Mitsubishi Corp. | 42,300 | 1,691,154 | ||||||
Mitsubishi HC Capital, Inc. | 47,800 | 259,293 | ||||||
Mitsubishi Heavy Industries Ltd. | 16,800 | 708,143 | ||||||
Mitsubishi Motors Corp. | 57,400 | 188,059 | ||||||
Mitsubishi UFJ Financial Group, Inc., ADR | 320 | 2,115 | ||||||
Mitsui Chemicals, Inc. | 11,900 | 299,953 | ||||||
Miura Co. Ltd. | 6,300 | 167,036 | ||||||
MS&AD Insurance Group Holdings, Inc. | 9,400 | 322,102 | ||||||
NEC Corp. | 11,900 | 558,476 | ||||||
NGK Insulators Ltd. | 5,100 | 61,454 | ||||||
Nifco, Inc. | 5,900 | 157,484 | ||||||
NIPPON EXPRESS HOLDINGS, Inc. | 5,200 | 291,565 | ||||||
Nippon Steel Corp. | 36,400 | 708,684 | ||||||
Nippon Telegraph & Telephone Corp. | 27,200 | 772,771 | ||||||
Nippon Yusen KK | 26,800 | 570,353 | ||||||
Nissan Motor Co. Ltd. | 118,300 | 440,591 | ||||||
Niterra Co. Ltd. | 10,800 | 199,501 | ||||||
Nitto Denko Corp. | 6,000 | 426,632 | ||||||
NS Solutions Corp. | 1,900 | 54,987 | ||||||
NSK Ltd. | 29,700 | 179,533 | ||||||
Obayashi Corp. | 46,200 | 371,792 | ||||||
Odakyu Electric Railway Co. Ltd. | 12,100 | 176,163 | ||||||
Oji Holdings Corp. | 61,000 | 234,744 | ||||||
Ono Pharmaceutical Co. Ltd. | 12,400 | 231,869 | ||||||
ORIX Corp., ADR | 8,035 | 678,154 | ||||||
Persol Holdings Co. Ltd. | 5,900 | 111,256 | ||||||
Rakuten Group, Inc. | 1,300 | 5,361 | ||||||
Resonac Holdings Corp. | 1,300 | 19,830 |
Sanwa Holdings Corp. | 16,500 | 191,884 | ||||||
SBI Holdings, Inc. | 19,600 | 366,403 | ||||||
SCREEN Holdings Co. Ltd. | 3,300 | 344,155 | ||||||
SCSK Corp. | 7,400 | 117,030 | ||||||
Seiko Epson Corp. | 12,000 | 181,983 | ||||||
Sekisui Chemical Co. Ltd. | 7,000 | 96,483 | ||||||
SG Holdings Co. Ltd. | 11,700 | 171,646 | ||||||
Sharp Corp.(1) | 17,600 | 100,835 | ||||||
Shimizu Corp. | 41,000 | 248,302 | ||||||
Shin-Etsu Chemical Co. Ltd. | 45,100 | 1,388,463 | ||||||
Shinko Electric Industries Co. Ltd. | 4,400 | 156,265 | ||||||
Sohgo Security Services Co. Ltd. | 2,300 | 64,813 | ||||||
Sojitz Corp. | 18,120 | 362,296 | ||||||
Sompo Holdings, Inc. | 500 | 20,326 | ||||||
Sony Group Corp., ADR | 28,576 | 2,677,571 | ||||||
Subaru Corp. | 29,300 | 502,559 | ||||||
Sugi Holdings Co. Ltd. | 2,300 | 95,449 | ||||||
SUMCO Corp. | 28,400 | 404,255 | ||||||
Sumitomo Chemical Co. Ltd. | 600 | 1,787 | ||||||
Sumitomo Mitsui Financial Group, Inc., ADR(2) | 172,059 | 1,386,796 | ||||||
Sumitomo Realty & Development Co. Ltd. | 200 | 4,823 | ||||||
Sundrug Co. Ltd. | 4,900 | 139,382 | ||||||
Suntory Beverage & Food Ltd. | 2,400 | 88,276 | ||||||
Taisei Corp. | 12,800 | 406,726 | ||||||
Takashimaya Co. Ltd. | 13,800 | 185,367 | ||||||
TDK Corp. | 19,800 | 755,358 | ||||||
THK Co. Ltd. | 9,600 | 202,085 | ||||||
TIS, Inc. | 100 | 2,799 | ||||||
Tokio Marine Holdings, Inc. | 6,300 | 141,037 | ||||||
Tokyo Century Corp. | 800 | 28,104 | ||||||
Tokyo Electron Ltd. | 6,600 | 897,636 | ||||||
Tokyo Tatemono Co. Ltd. | 2,000 | 24,635 | ||||||
Toppan, Inc. | 15,000 | 320,437 | ||||||
Toray Industries, Inc. | 17,400 | 91,785 | ||||||
Tosoh Corp. | 6,800 | 78,118 | ||||||
Toyota Boshoku Corp. | 7,100 | 115,544 | ||||||
Toyota Motor Corp., ADR(2) | 23,003 | 3,131,398 | ||||||
Toyota Tsusho Corp. | 10,800 | 474,390 | ||||||
Trend Micro, Inc. | 5,600 | 266,303 | ||||||
Yamada Holdings Co. Ltd. | 500 | 1,482 | ||||||
Yamaha Motor Co. Ltd. | 17,500 | 430,543 | ||||||
Zenkoku Hosho Co. Ltd. | 2,500 | 89,315 | ||||||
44,476,085 | ||||||||
Netherlands — 2.4% | ||||||||
ABN AMRO Bank NV, CVA | 11,067 | 161,685 | ||||||
Adyen NV(1) | 309 | 506,093 | ||||||
Aegon NV, NY Shares | 18,970 | 82,140 | ||||||
AerCap Holdings NV(1) | 4,075 | 232,601 | ||||||
ASML Holding NV, NY Shares | 2,450 | 1,771,179 | ||||||
ASR Nederland NV | 4,136 | 176,263 | ||||||
BE Semiconductor Industries NV | 12 | 1,327 | ||||||
DSM-Firmenich AG(1) | 2,518 | 280,023 | ||||||
ING Groep NV, ADR | 50,737 | 622,543 | ||||||
Koninklijke Ahold Delhaize NV | 21,944 | 695,676 | ||||||
Koninklijke KPN NV | 64,773 | 222,835 |
NN Group NV | 4,964 | 179,087 | ||||||
OCI NV | 3,931 | 87,251 | ||||||
Universal Music Group NV | 6,737 | 133,642 | ||||||
5,152,345 | ||||||||
New Zealand — 0.2% | ||||||||
Air New Zealand Ltd.(1) | 45,759 | 21,348 | ||||||
Chorus Ltd. | 20,172 | 99,380 | ||||||
Fletcher Building Ltd. | 31,907 | 96,268 | ||||||
Ryman Healthcare Ltd.(2) | 10,143 | 38,705 | ||||||
Spark New Zealand Ltd. | 34,977 | 108,562 | ||||||
Summerset Group Holdings Ltd. | 3,958 | 21,734 | ||||||
385,997 | ||||||||
Norway — 0.9% | ||||||||
DNB Bank ASA | 5,643 | 94,531 | ||||||
Equinor ASA, ADR(2) | 36,348 | 920,695 | ||||||
Hafnia Ltd. | 16,650 | 78,807 | ||||||
Norsk Hydro ASA | 89,009 | 538,712 | ||||||
Schibsted ASA, B Shares | 3,842 | 69,339 | ||||||
Schibsted ASA, Class A | 3,255 | 61,706 | ||||||
TGS ASA | 26 | 357 | ||||||
Wallenius Wilhelmsen ASA | 9,540 | 56,090 | ||||||
Yara International ASA | 4,126 | 154,184 | ||||||
1,974,421 | ||||||||
Portugal — 0.3% | ||||||||
Banco Comercial Portugues SA, R Shares | 382,092 | 84,173 | ||||||
EDP Renovaveis SA | 60 | 1,193 | ||||||
Galp Energia SGPS SA | 30,164 | 319,434 | ||||||
Jeronimo Martins SGPS SA | 7,120 | 172,065 | ||||||
NOS SGPS SA | 902 | 3,331 | ||||||
Sonae SGPS SA | 17,904 | 17,274 | ||||||
597,470 | ||||||||
Singapore — 1.3% | ||||||||
City Developments Ltd. | 6,300 | 31,436 | ||||||
DBS Group Holdings Ltd. | 5,000 | 111,950 | ||||||
Golden Agri-Resources Ltd. | 466,900 | 91,385 | ||||||
Jardine Cycle & Carriage Ltd. | 3,900 | 93,221 | ||||||
Keppel Corp. Ltd. | 87,900 | 409,892 | ||||||
Olam Group Ltd. | 65,200 | 68,328 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 73,700 | 668,095 | ||||||
Seatrium Ltd.(1) | 10,615 | 964 | ||||||
Singapore Airlines Ltd.(2) | 72,400 | 343,048 | ||||||
Singapore Exchange Ltd. | 1,000 | 6,857 | ||||||
Singapore Telecommunications Ltd. | 1,600 | 2,943 | ||||||
United Overseas Bank Ltd. | 28,400 | 586,769 | ||||||
UOL Group Ltd. | 24,200 | 113,660 | ||||||
Yangzijiang Financial Holding Ltd.(2) | 10,200 | 2,522 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 219,100 | 199,262 | ||||||
2,730,332 | ||||||||
Spain — 3.4% | ||||||||
ACS Actividades de Construccion y Servicios SA | 28,002 | 934,453 | ||||||
Aena SME SA | 3,182 | 499,280 | ||||||
Banco Bilbao Vizcaya Argentaria SA, ADR(2) | 312,164 | 2,035,309 | ||||||
Banco Santander SA, ADR(2) | 533,756 | 1,713,357 | ||||||
Mapfre SA(2) | 3,867 | 7,614 | ||||||
Repsol SA | 155,205 | 2,103,406 | ||||||
7,293,419 | ||||||||
Sweden — 2.8% | ||||||||
Atlas Copco AB, A Shares | 435 | 6,363 | ||||||
Atlas Copco AB, B Shares | 912 | 11,518 | ||||||
Avanza Bank Holding AB(2) | 13,628 | 282,984 | ||||||
Axfood AB | 204 | 4,398 | ||||||
Billerud AB(2) | 648 | 5,078 | ||||||
Boliden AB | 16,980 | 518,769 | ||||||
H & M Hennes & Mauritz AB, B Shares(2) | 34,482 | 430,826 | ||||||
Loomis AB | 2,387 | 65,888 | ||||||
Nordea Bank Abp | 83,725 | 826,474 | ||||||
Nordnet AB publ | 12,980 | 182,014 | ||||||
Paradox Interactive AB | 3,471 | 84,710 | ||||||
Saab AB, B Shares | 5,485 | 299,072 | ||||||
Sandvik AB | 27,343 | 482,038 | ||||||
Sinch AB(1)(2) | 62,534 | 131,031 | ||||||
Skanska AB, B Shares | 21,775 | 287,702 | ||||||
SSAB AB, A Shares | 2,299 | 14,743 | ||||||
SSAB AB, B Shares(2) | 2,266 | 14,053 | ||||||
Swedbank AB, A Shares | 37,953 | 583,084 | ||||||
Telefonaktiebolaget LM Ericsson, ADR | 79,795 | 411,742 | ||||||
Telia Co. AB | 96,315 | 224,595 | ||||||
Trelleborg AB, B Shares | 6,519 | 162,362 | ||||||
Volvo AB, A Shares | 5,714 | 110,349 | ||||||
Volvo AB, B Shares | 43,015 | 794,984 | ||||||
Volvo Car AB, Class B(1)(2) | 22,145 | 76,445 | ||||||
6,011,222 | ||||||||
Switzerland — 6.3% | ||||||||
Baloise Holding AG | 391 | 60,111 | ||||||
Cie Financiere Richemont SA, Class A | 11,269 | 1,794,199 | ||||||
DKSH Holding AG | 735 | 52,995 | ||||||
EFG International AG(1) | 5,956 | 57,812 | ||||||
Helvetia Holding AG | 1,699 | 241,751 | ||||||
Holcim AG(1) | 167 | 10,318 | ||||||
Inficon Holding AG | 9 | 10,011 | ||||||
Julius Baer Group Ltd. | 4,480 | 275,133 | ||||||
Kuehne + Nagel International AG | 2,164 | 616,937 | ||||||
Novartis AG, ADR | 18,743 | 1,804,014 | ||||||
OC Oerlikon Corp. AG | 400 | 1,945 | ||||||
Partners Group Holding AG | 936 | 846,179 | ||||||
Roche Holding AG | 8,617 | 2,744,591 | ||||||
Roche Holding AG, Bearer Shares | 347 | 117,466 | ||||||
Schindler Holding AG | 21 | 4,224 | ||||||
Schindler Holding AG, Bearer Participation Certificate | 32 | 6,651 | ||||||
Stadler Rail AG | 2,831 | 107,836 | ||||||
Straumann Holding AG | 15 | 2,204 | ||||||
Sulzer AG | 159 | 12,483 | ||||||
Swatch Group AG | 342 | 19,222 | ||||||
Swatch Group AG, Bearer Shares | 213 | 63,479 | ||||||
Swiss Life Holding AG | 1,089 | 630,063 | ||||||
Swisscom AG | 1,220 | 772,866 | ||||||
UBS Group AG | 59,576 | 1,126,582 | ||||||
VAT Group AG | 1,482 | 612,648 | ||||||
Vontobel Holding AG | 1,527 | 97,937 | ||||||
Zurich Insurance Group AG | 2,881 | 1,348,832 | ||||||
13,438,489 | ||||||||
United Kingdom — 16.9% | ||||||||
3i Group PLC | 105,924 | 2,584,012 | ||||||
Admiral Group PLC | 20,540 | 594,978 | ||||||
Anglo American PLC | 6,485 | 178,651 | ||||||
Antofagasta PLC | 14,558 | 242,233 | ||||||
Ashtead Group PLC | 38,370 | 2,343,392 | ||||||
AstraZeneca PLC, ADR | 1 | 73 | ||||||
Barclays PLC, ADR | 329,287 | 2,476,238 | ||||||
BP PLC, ADR | 148,983 | 5,022,217 | ||||||
BT Group PLC | 882,499 | 1,612,094 | ||||||
Burberry Group PLC | 51,799 | 1,389,170 | ||||||
Coca-Cola HBC AG(1) | 20,981 | 623,311 | ||||||
Glencore PLC | 312,192 | 1,596,597 | ||||||
GSK PLC, ADR | 88,961 | 2,989,090 | ||||||
Haleon PLC, ADR(2) | 768 | 6,175 | ||||||
Hargreaves Lansdown PLC | 20,588 | 205,550 | ||||||
Howden Joinery Group PLC | 81,830 | 668,957 | ||||||
Inchcape PLC | 28,621 | 271,420 | ||||||
International Distributions Services PLC | 33,343 | 81,845 | ||||||
J Sainsbury PLC | 87,516 | 294,933 | ||||||
JD Sports Fashion PLC | 381,447 | 723,708 | ||||||
Legal & General Group PLC | 19,907 | 56,583 | ||||||
Lloyds Banking Group PLC, ADR | 553,763 | 1,201,666 | ||||||
Marks & Spencer Group PLC(1) | 62,177 | 138,410 | ||||||
NatWest Group PLC, ADR(2) | 18,329 | 118,589 | ||||||
Next PLC | 15,557 | 1,230,824 | ||||||
Rightmove PLC | 88,514 | 578,084 | ||||||
Rio Tinto PLC, ADR | 32,520 | 1,920,306 | ||||||
Shell PLC, ADR | 92,194 | 5,162,864 | ||||||
Taylor Wimpey PLC | 469,207 | 668,307 | ||||||
Vodafone Group PLC, ADR | 126,743 | 1,201,524 | ||||||
36,181,801 | ||||||||
TOTAL COMMON STOCKS (Cost $208,846,578) | 212,261,773 | |||||||
SHORT-TERM INVESTMENTS — 3.8% | ||||||||
Money Market Funds — 3.8% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 81,839 | 81,839 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 8,120,612 | 8,120,612 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $8,202,451) | 8,202,451 | |||||||
TOTAL INVESTMENT SECURITIES — 103.1% (Cost $217,049,029) | 220,464,224 | |||||||
OTHER ASSETS AND LIABILITIES — (3.1)% | (6,728,873) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 213,735,351 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Financials | 23.8% | ||||
Industrials | 17.2% | ||||
Consumer Discretionary | 13.6% | ||||
Energy | 13.0% | ||||
Materials | 12.3% | ||||
Information Technology | 5.6% | ||||
Communication Services | 5.4% | ||||
Health Care | 4.8% | ||||
Consumer Staples | 2.2% | ||||
Real Estate | 1.1% | ||||
Utilities | 0.3% | ||||
Short-Term Investments | 3.8% | ||||
Other Assets and Liabilities | (3.1)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | – | American Depositary Receipt | ||||||
CVA | – | Certificaten Van Aandelen |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | $ | 3,960,610 | $ | 9,941,636 | — | ||||||
Denmark | 1,306,305 | 104,563 | — | ||||||||
Finland | 27,974 | 2,631,859 | — | ||||||||
France | 5,064,727 | 13,195,351 | — | ||||||||
Germany | 745,750 | 19,682,678 | — | ||||||||
Israel | 61,728 | 1,138,533 | — | ||||||||
Italy | 1,214,111 | 5,083,556 | — | ||||||||
Japan | 9,046,583 | 35,429,502 | — | ||||||||
Netherlands | 2,708,463 | 2,443,882 | — | ||||||||
Norway | 920,695 | 1,053,726 | — | ||||||||
Spain | 3,748,666 | 3,544,753 | — | ||||||||
Sweden | 411,742 | 5,599,480 | — | ||||||||
Switzerland | 2,930,596 | 10,507,893 | — | ||||||||
United Kingdom | 20,098,742 | 16,083,059 | — | ||||||||
Other Countries | — | 33,574,610 | — | ||||||||
Short-Term Investments | 8,202,451 | — | — | ||||||||
$ | 60,449,143 | $ | 160,015,081 | — |