Quality Diversified International ETF - Schedule of Investments | ||
MAY 31, 2024 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 98.6% | ||||||||
Australia — 3.8% | ||||||||
Aristocrat Leisure Ltd. | 45,423 | 1,365,479 | ||||||
BHP Group Ltd. | 9,537 | 283,843 | ||||||
BlueScope Steel Ltd. | 19,033 | 268,592 | ||||||
CAR Group Ltd. | 11,823 | 276,073 | ||||||
Cochlear Ltd. | 5,349 | 1,152,667 | ||||||
Computershare Ltd. | 16,790 | 296,763 | ||||||
Fortescue Ltd. | 93,012 | 1,537,038 | ||||||
Northern Star Resources Ltd. | 40,769 | 389,762 | ||||||
Orica Ltd. | 28,619 | 350,219 | ||||||
Origin Energy Ltd. | 100,355 | 682,957 | ||||||
Pilbara Minerals Ltd.(1) | 105,531 | 268,658 | ||||||
Pro Medicus Ltd. | 4,485 | 360,867 | ||||||
REA Group Ltd.(1) | 9,267 | 1,158,911 | ||||||
Seven Group Holdings Ltd.(1) | 23,529 | 616,727 | ||||||
Xero Ltd.(2) | 4,263 | 387,056 | ||||||
9,395,612 | ||||||||
Austria — 1.5% | ||||||||
ANDRITZ AG | 4,951 | 297,356 | ||||||
Erste Group Bank AG | 25,928 | 1,274,107 | ||||||
OMV AG | 20,735 | 1,047,915 | ||||||
Raiffeisen Bank International AG | 29,818 | 551,482 | ||||||
Verbund AG | 3,910 | 321,038 | ||||||
voestalpine AG | 10,007 | 292,895 | ||||||
3,784,793 | ||||||||
Belgium — 1.0% | ||||||||
Ageas SA | 6,442 | 321,377 | ||||||
Anheuser-Busch InBev SA | 4,701 | 296,593 | ||||||
Groupe Bruxelles Lambert NV | 3,641 | 279,217 | ||||||
KBC Group NV | 17,733 | 1,295,052 | ||||||
Lotus Bakeries NV | 29 | 307,717 | ||||||
2,499,956 | ||||||||
Canada — 8.4% | ||||||||
Alimentation Couche-Tard, Inc. | 4,565 | 266,441 | ||||||
ARC Resources Ltd.(1) | 20,338 | 384,840 | ||||||
Bank of Nova Scotia | 11,459 | 542,452 | ||||||
BCE, Inc. | 7,351 | 251,443 | ||||||
Brookfield Asset Management Ltd., Class A(1) | 6,956 | 272,953 | ||||||
Canadian Natural Resources Ltd. | 15,576 | 1,196,528 | ||||||
CGI, Inc.(2) | 2,583 | 255,069 | ||||||
Constellation Software, Inc. | 626 | 1,741,230 | ||||||
Dollarama, Inc. | 11,665 | 1,104,065 | ||||||
Enbridge, Inc.(1) | 40,294 | 1,473,165 | ||||||
Fairfax Financial Holdings Ltd. | 1,022 | 1,150,493 | ||||||
Gildan Activewear, Inc. | 7,844 | 300,190 | ||||||
Imperial Oil Ltd.(1) | 16,861 | 1,191,323 | ||||||
Kinross Gold Corp. | 55,779 | 453,483 | ||||||
Loblaw Cos. Ltd. | 4,130 | 479,679 | ||||||
Manulife Financial Corp. | 85,629 | 2,224,048 | ||||||
MEG Energy Corp.(2) | 14,956 | 324,699 |
Nutrien Ltd. | 23,881 | 1,399,665 | ||||||
Onex Corp. | 3,886 | 275,480 | ||||||
Quebecor, Inc., Class B(1) | 11,845 | 249,858 | ||||||
Stantec, Inc. | 14,243 | 1,149,514 | ||||||
TFI International, Inc. | 1,915 | 253,316 | ||||||
Thomson Reuters Corp. | 15,320 | 2,636,725 | ||||||
Tourmaline Oil Corp. | 8,497 | 421,499 | ||||||
Wheaton Precious Metals Corp. | 6,881 | 379,212 | ||||||
WSP Global, Inc. | 1,782 | 268,029 | ||||||
20,645,399 | ||||||||
China — 2.4% | ||||||||
Alibaba Health Information Technology Ltd.(1)(2) | 596,000 | 251,216 | ||||||
ANTA Sports Products Ltd. | 80,200 | 859,158 | ||||||
Bosideng International Holdings Ltd. | 1,406,000 | 813,541 | ||||||
BYD Electronic International Co. Ltd. | 8,000 | 34,752 | ||||||
China Resources Mixc Lifestyle Services Ltd. | 98,600 | 344,718 | ||||||
JD Health International, Inc.(2) | 65,900 | 221,638 | ||||||
KE Holdings, Inc., ADR | 52,219 | 886,156 | ||||||
Li Auto, Inc., ADR(1)(2) | 15,466 | 313,187 | ||||||
NetEase, Inc., ADR | 280 | 24,928 | ||||||
New Oriental Education & Technology Group, Inc., ADR(2) | 3,793 | 303,175 | ||||||
Nongfu Spring Co. Ltd., H Shares(1) | 187,400 | 997,825 | ||||||
PDD Holdings, Inc., ADR(2) | 5,695 | 852,997 | ||||||
5,903,291 | ||||||||
Denmark — 3.5% | ||||||||
AP Moller - Maersk AS, B Shares | 615 | 1,118,181 | ||||||
Danske Bank AS | 44,998 | 1,383,312 | ||||||
Genmab AS(2) | 2,311 | 652,300 | ||||||
Novo Nordisk AS, Class B | 38,779 | 5,254,092 | ||||||
Pandora AS | 1,947 | 319,815 | ||||||
8,727,700 | ||||||||
Finland — 0.4% | ||||||||
Fortum OYJ | 21,868 | 334,120 | ||||||
Nordea Bank Abp | 22,470 | 276,229 | ||||||
Wartsila OYJ Abp | 21,166 | 443,794 | ||||||
1,054,143 | ||||||||
France — 10.3% | ||||||||
Accor SA(2) | 7,349 | 320,611 | ||||||
Air Liquide SA | 1,341 | 264,008 | ||||||
ArcelorMittal SA | 37,102 | 978,846 | ||||||
Arkema SA | 2,804 | 287,343 | ||||||
Bureau Veritas SA | 10,867 | 327,284 | ||||||
Cie de Saint-Gobain SA | 8,325 | 735,025 | ||||||
Cie Generale des Etablissements Michelin SCA(1) | 7,665 | 310,854 | ||||||
Credit Agricole SA(1) | 40,856 | 664,763 | ||||||
Dassault Aviation SA | 1,430 | 310,358 | ||||||
Edenred SE | 20,252 | 944,989 | ||||||
Eiffage SA | 2,506 | 277,264 | ||||||
Elis SA | 26,068 | 662,760 | ||||||
Engie SA | 147,228 | 2,494,278 | ||||||
Gaztransport Et Technigaz SA | 2,048 | 298,772 | ||||||
Hermes International SCA | 1,062 | 2,520,783 | ||||||
Ipsen SA | 4,028 | 528,414 | ||||||
La Francaise des Jeux SAEM | 29,447 | 1,060,107 | ||||||
L'Oreal SA | 5,981 | 2,952,222 |
LVMH Moet Hennessy Louis Vuitton SE | 1,221 | 976,486 | ||||||
Orange SA(1) | 23,814 | 278,068 | ||||||
Publicis Groupe SA | 7,876 | 884,670 | ||||||
Rexel SA | 23,125 | 702,766 | ||||||
Safran SA | 1,539 | 360,442 | ||||||
Sanofi SA | 29,688 | 2,906,513 | ||||||
Schneider Electric SE | 1,246 | 310,852 | ||||||
SCOR SE | 8,962 | 259,024 | ||||||
Sodexo SA | 7,829 | 729,178 | ||||||
Sopra Steria Group | 1,067 | 253,594 | ||||||
SPIE SA | 8,710 | 360,304 | ||||||
STMicroelectronics NV(1) | 6,050 | 254,765 | ||||||
TotalEnergies SE | 4,281 | 313,645 | ||||||
Vinci SA | 2,129 | 265,682 | ||||||
Vivendi SE | 50,785 | 559,245 | ||||||
25,353,915 | ||||||||
Germany — 4.7% | ||||||||
BASF SE | 5,653 | 299,194 | ||||||
Bechtle AG(2) | 5,304 | 258,889 | ||||||
Brenntag SE | 3,215 | 231,595 | ||||||
Carl Zeiss Meditec AG, Bearer Shares | 2,530 | 234,039 | ||||||
CTS Eventim AG & Co. KGaA | 3,965 | 343,971 | ||||||
DHL Group | 6,267 | 263,843 | ||||||
E.ON SE | 21,386 | 286,404 | ||||||
Evonik Industries AG | 36,885 | 812,522 | ||||||
Fresenius Medical Care AG | 29,744 | 1,268,710 | ||||||
Fresenius SE & Co. KGaA(2) | 61,019 | 1,946,890 | ||||||
Hannover Rueck SE | 7,949 | 1,976,190 | ||||||
Heidelberg Materials AG | 6,147 | 644,656 | ||||||
Henkel AG & Co. KGaA | 4,045 | 324,126 | ||||||
HOCHTIEF AG | 2,434 | 265,663 | ||||||
Mercedes-Benz Group AG | 3,429 | 248,867 | ||||||
Nemetschek SE | 2,969 | 272,836 | ||||||
Qiagen NV(2) | 6,384 | 276,172 | ||||||
Rational AG | 343 | 292,705 | ||||||
SAP SE | 1,865 | 340,098 | ||||||
Scout24 SE | 4,352 | 327,372 | ||||||
Siemens AG | 1,643 | 316,673 | ||||||
Talanx AG | 3,967 | 316,434 | ||||||
11,547,849 | ||||||||
Hong Kong — 0.2% | ||||||||
PRADA SpA | 46,100 | 382,551 | ||||||
Ireland — 0.6% | ||||||||
AIB Group PLC | 61,143 | 347,945 | ||||||
Bank of Ireland Group PLC | 31,361 | 360,434 | ||||||
Kingspan Group PLC | 3,138 | 302,309 | ||||||
Ryanair Holdings PLC, ADR | 2,993 | 364,068 | ||||||
1,374,756 | ||||||||
Israel — 1.0% | ||||||||
Bank Leumi Le-Israel BM | 35,088 | 291,931 | ||||||
ICL Group Ltd. | 91,487 | 432,712 | ||||||
Israel Discount Bank Ltd., A Shares | 54,577 | 280,699 | ||||||
Monday.com Ltd.(2) | 1,416 | 319,889 | ||||||
Nice Ltd.(2) | 1,152 | 212,722 |
Teva Pharmaceutical Industries Ltd.(2) | 34,003 | 572,530 | ||||||
Wix.com Ltd.(2) | 2,363 | 380,679 | ||||||
2,491,162 | ||||||||
Italy — 4.6% | ||||||||
A2A SpA | 326,750 | 688,292 | ||||||
Banco BPM SpA | 114,913 | 829,094 | ||||||
Brunello Cucinelli SpA | 2,559 | 258,473 | ||||||
Buzzi SpA | 17,292 | 731,083 | ||||||
Enel SpA | 56,787 | 412,314 | ||||||
Ferrari NV | 6,148 | 2,526,828 | ||||||
Hera SpA | 81,997 | 302,667 | ||||||
Intesa Sanpaolo SpA | 107,116 | 421,955 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 35,226 | 557,544 | ||||||
Moncler SpA | 4,595 | 306,622 | ||||||
Pirelli & C SpA | 48,083 | 319,714 | ||||||
Prysmian SpA | 6,857 | 450,983 | ||||||
Recordati Industria Chimica e Farmaceutica SpA | 5,482 | 289,356 | ||||||
Stellantis NV | 75,797 | 1,679,360 | ||||||
Tenaris SA | 15,958 | 263,664 | ||||||
UniCredit SpA | 29,558 | 1,176,781 | ||||||
11,214,730 | ||||||||
Japan — 19.5% | ||||||||
Aisin Corp. | 16,600 | 619,497 | ||||||
Ajinomoto Co., Inc. | 7,400 | 264,569 | ||||||
Asahi Intecc Co. Ltd. | 14,400 | 208,090 | ||||||
Asahi Kasei Corp. | 39,500 | 257,422 | ||||||
Asics Corp. | 6,900 | 383,305 | ||||||
Astellas Pharma, Inc. | 24,700 | 242,494 | ||||||
Capcom Co. Ltd. | 35,400 | 655,099 | ||||||
Chubu Electric Power Co., Inc. | 22,000 | 303,947 | ||||||
Chugai Pharmaceutical Co. Ltd. | 9,100 | 276,874 | ||||||
Daiichi Sankyo Co. Ltd. | 44,500 | 1,570,809 | ||||||
Daiwa Securities Group, Inc. | 45,300 | 356,056 | ||||||
Denso Corp. | 150,500 | 2,445,706 | ||||||
Dentsu Group, Inc. | 9,900 | 262,070 | ||||||
Disco Corp. | 800 | 314,687 | ||||||
Ebara Corp. | 6,900 | 504,616 | ||||||
Fast Retailing Co. Ltd. | 900 | 231,145 | ||||||
Fuji Electric Co. Ltd. | 8,800 | 524,979 | ||||||
Fujitsu Ltd. | 18,200 | 263,554 | ||||||
GMO Payment Gateway, Inc. | 4,100 | 177,039 | ||||||
Hikari Tsushin, Inc. | 1,600 | 262,625 | ||||||
Hitachi Ltd. | 3,700 | 381,054 | ||||||
Honda Motor Co. Ltd. | 26,900 | 304,608 | ||||||
Hoshizaki Corp. | 8,000 | 287,288 | ||||||
Hoya Corp. | 5,900 | 718,225 | ||||||
Inpex Corp. | 21,200 | 327,111 | ||||||
Isuzu Motors Ltd. | 123,700 | 1,657,819 | ||||||
ITOCHU Corp.(1) | 16,600 | 783,630 | ||||||
Japan Airlines Co. Ltd. | 15,100 | 253,756 | ||||||
Japan Tobacco, Inc. | 89,400 | 2,536,521 | ||||||
KDDI Corp. | 43,300 | 1,193,121 | ||||||
Kirin Holdings Co. Ltd. | 19,700 | 272,056 | ||||||
Komatsu Ltd. | 10,400 | 305,667 | ||||||
Konami Group Corp. | 4,100 | 287,352 |
Kyocera Corp. | 20,400 | 231,252 | ||||||
Lasertec Corp. | 1,000 | 257,116 | ||||||
Makita Corp. | 10,900 | 321,403 | ||||||
Marubeni Corp. | 105,500 | 2,066,274 | ||||||
Mazda Motor Corp. | 54,200 | 571,418 | ||||||
McDonald's Holdings Co. Japan Ltd. | 5,900 | 241,678 | ||||||
MEIJI Holdings Co. Ltd. | 12,100 | 271,006 | ||||||
Mitsubishi Chemical Group Corp. | 47,600 | 252,098 | ||||||
Mitsubishi Corp. | 144,400 | 3,047,763 | ||||||
Mitsubishi Electric Corp. | 19,500 | 338,858 | ||||||
Mitsubishi Heavy Industries Ltd. | 56,200 | 491,624 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 31,000 | 329,272 | ||||||
Mitsui & Co. Ltd. | 19,900 | 1,013,192 | ||||||
NEC Corp. | 4,800 | 357,301 | ||||||
Nexon Co. Ltd. | 25,800 | 443,140 | ||||||
NIPPON EXPRESS HOLDINGS, Inc. | 5,000 | 246,417 | ||||||
Nippon Sanso Holdings Corp. | 10,300 | 305,256 | ||||||
Nippon Yusen KK | 12,900 | 408,996 | ||||||
Nissin Foods Holdings Co. Ltd. | 19,400 | 489,668 | ||||||
Niterra Co. Ltd. | 11,300 | 340,564 | ||||||
Obayashi Corp. | 31,300 | 364,378 | ||||||
Ono Pharmaceutical Co. Ltd. | 16,300 | 236,038 | ||||||
Oriental Land Co. Ltd. | 60,900 | 1,702,560 | ||||||
ORIX Corp. | 14,300 | 311,855 | ||||||
Otsuka Corp. | 12,900 | 244,936 | ||||||
Otsuka Holdings Co. Ltd. | 13,700 | 565,611 | ||||||
Pan Pacific International Holdings Corp. | 12,000 | 310,405 | ||||||
Panasonic Holdings Corp. | 29,200 | 257,919 | ||||||
Recruit Holdings Co. Ltd. | 8,300 | 419,000 | ||||||
Ricoh Co. Ltd. | 32,900 | 295,443 | ||||||
Rohto Pharmaceutical Co. Ltd. | 13,900 | 245,058 | ||||||
SBI Holdings, Inc. | 20,800 | 538,705 | ||||||
SCREEN Holdings Co. Ltd. | 7,100 | 679,151 | ||||||
SCSK Corp. | 17,200 | 326,031 | ||||||
Seiko Epson Corp. | 24,600 | 397,484 | ||||||
Shin-Etsu Chemical Co. Ltd. | 63,600 | 2,374,096 | ||||||
Sojitz Corp. | 44,400 | 1,161,585 | ||||||
Sony Group Corp. | 3,100 | 254,512 | ||||||
Subaru Corp. | 29,600 | 661,699 | ||||||
Sumitomo Corp. | 12,500 | 325,281 | ||||||
Sumitomo Forestry Co. Ltd. | 19,600 | 678,632 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 4,900 | 320,701 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 13,400 | 311,544 | ||||||
Suntory Beverage & Food Ltd. | 8,000 | 293,846 | ||||||
TDK Corp. | 5,500 | 276,240 | ||||||
Terumo Corp. | 14,400 | 245,289 | ||||||
Tokyo Gas Co. Ltd. | 25,900 | 581,750 | ||||||
Toyo Suisan Kaisha Ltd. | 5,800 | 418,150 | ||||||
Toyota Tsusho Corp. | 10,200 | 622,903 | ||||||
Trend Micro, Inc. | 5,300 | 239,869 | ||||||
Unicharm Corp. | 8,200 | 264,626 | ||||||
Yokogawa Electric Corp. | 13,800 | 355,445 | ||||||
Zensho Holdings Co. Ltd. | 6,300 | 248,057 | ||||||
47,985,886 | ||||||||
Netherlands — 5.7% | ||||||||
Aalberts NV | 6,652 | 318,284 | ||||||
Adyen NV(2) | 540 | 700,263 | ||||||
Akzo Nobel NV | 3,891 | 272,925 | ||||||
Arcadis NV | 9,440 | 619,456 | ||||||
ASM International NV | 462 | 325,114 | ||||||
ASML Holding NV | 1,556 | 1,488,734 | ||||||
BE Semiconductor Industries NV(1) | 1,567 | 233,119 | ||||||
Coca-Cola Europacific Partners PLC | 4,983 | 367,297 | ||||||
ING Groep NV | 161,074 | 2,877,644 | ||||||
Koninklijke Ahold Delhaize NV | 78,151 | 2,423,698 | ||||||
Koninklijke Philips NV(2) | 14,116 | 385,577 | ||||||
NN Group NV(1) | 22,711 | 1,059,675 | ||||||
Randstad NV | 20,478 | 1,082,299 | ||||||
Universal Music Group NV(1) | 46,650 | 1,453,785 | ||||||
Wolters Kluwer NV | 2,056 | 327,910 | ||||||
13,935,780 | ||||||||
Norway — 1.9% | ||||||||
DNB Bank ASA | 13,620 | 266,701 | ||||||
Equinor ASA | 48,952 | 1,420,965 | ||||||
Kongsberg Gruppen ASA | 9,361 | 804,836 | ||||||
Mowi ASA | 14,639 | 263,247 | ||||||
Salmar ASA | 4,853 | 296,343 | ||||||
Telenor ASA | 24,884 | 289,922 | ||||||
Yara International ASA | 45,125 | 1,403,182 | ||||||
4,745,196 | ||||||||
Portugal — 0.5% | ||||||||
Galp Energia SGPS SA | 18,003 | 378,587 | ||||||
Jeronimo Martins SGPS SA | 40,596 | 910,761 | ||||||
1,289,348 | ||||||||
Singapore — 1.3% | ||||||||
Genting Singapore Ltd. | 1,763,800 | 1,189,697 | ||||||
Grab Holdings Ltd., Class A(2) | 92,367 | 338,987 | ||||||
Jardine Cycle & Carriage Ltd. | 61,900 | 1,183,639 | ||||||
Singapore Airlines Ltd.(1) | 59,800 | 300,287 | ||||||
United Overseas Bank Ltd. | 13,000 | 296,427 | ||||||
3,309,037 | ||||||||
South Korea — 0.8% | ||||||||
Celltrion, Inc. | 2,168 | 276,748 | ||||||
Hanmi Semiconductor Co. Ltd. | 5,570 | 655,626 | ||||||
Hanwha Aerospace Co. Ltd. | 2,516 | 375,246 | ||||||
Kia Corp. | 8,610 | 734,917 | ||||||
2,042,537 | ||||||||
Spain — 4.1% | ||||||||
ACS Actividades de Construccion y Servicios SA | 6,880 | 308,036 | ||||||
Aena SME SA | 6,472 | 1,265,681 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 178,912 | 1,941,438 | ||||||
Banco de Sabadell SA | 427,340 | 902,666 | ||||||
Banco Santander SA | 123,503 | 651,324 | ||||||
Bankinter SA | 48,605 | 429,339 | ||||||
Endesa SA | 15,178 | 302,298 | ||||||
Ferrovial SE(1) | 7,559 | 298,737 | ||||||
Industria de Diseno Textil SA | 20,672 | 982,986 | ||||||
Redeia Corp. SA | 17,183 | 309,666 | ||||||
Telefonica SA | 557,101 | 2,603,501 | ||||||
9,995,672 | ||||||||
Sweden — 3.9% | ||||||||
AddTech AB, B Shares | 13,715 | 324,965 | ||||||
Alfa Laval AB | 7,533 | 350,086 | ||||||
Assa Abloy AB, Class B | 45,789 | 1,345,603 | ||||||
Atlas Copco AB, A Shares | 18,768 | 361,552 | ||||||
Castellum AB(2) | 22,808 | 284,838 | ||||||
Epiroc AB, A Shares | 15,641 | 328,306 | ||||||
Essity AB, B Shares | 97,451 | 2,503,745 | ||||||
H & M Hennes & Mauritz AB, B Shares(1) | 20,149 | 356,279 | ||||||
Lifco AB, B Shares | 12,018 | 319,384 | ||||||
Saab AB, Class B | 22,532 | 546,913 | ||||||
SKF AB, B Shares | 16,078 | 353,238 | ||||||
SSAB AB, B Shares | 111,791 | 649,522 | ||||||
Svenska Handelsbanken AB, A Shares | 65,422 | 615,661 | ||||||
Swedbank AB, A Shares | 15,575 | 324,292 | ||||||
Swedish Orphan Biovitrum AB(2) | 11,531 | 310,063 | ||||||
Tele2 AB, B Shares(1) | 32,584 | 318,667 | ||||||
Volvo AB, B Shares | 11,353 | 305,565 | ||||||
9,598,679 | ||||||||
Switzerland — 4.2% | ||||||||
Alcon, Inc. | 3,371 | 300,457 | ||||||
Belimo Holding AG | 596 | 277,727 | ||||||
Flughafen Zurich AG | 1,338 | 285,279 | ||||||
Logitech International SA | 7,427 | 743,364 | ||||||
Novartis AG | 35,424 | 3,666,311 | ||||||
Partners Group Holding AG | 920 | 1,238,161 | ||||||
PSP Swiss Property AG | 2,143 | 269,613 | ||||||
Roche Holding AG | 10,255 | 2,618,273 | ||||||
Straumann Holding AG | 3,900 | 510,555 | ||||||
Swiss Prime Site AG | 2,852 | 264,155 | ||||||
Temenos AG | 4,510 | 291,199 | ||||||
10,465,094 | ||||||||
Taiwan — 1.7% | ||||||||
Accton Technology Corp. | 41,000 | 641,992 | ||||||
Asia Vital Components Co. Ltd. | 10,000 | 237,366 | ||||||
Elite Material Co. Ltd. | 22,000 | 278,830 | ||||||
Gigabyte Technology Co. Ltd. | 31,000 | 306,410 | ||||||
Global Unichip Corp. | 2,000 | 90,601 | ||||||
MediaTek, Inc. | 26,000 | 995,646 | ||||||
Quanta Computer, Inc. | 81,000 | 688,207 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 33,000 | 845,062 | ||||||
4,084,114 | ||||||||
United Kingdom — 11.5% | ||||||||
3i Group PLC | 67,970 | 2,504,486 | ||||||
Aviva PLC | 48,359 | 297,026 | ||||||
BAE Systems PLC | 38,646 | 688,131 | ||||||
Barratt Developments PLC | 46,264 | 299,997 | ||||||
Beazley PLC | 37,561 | 332,121 | ||||||
BP PLC | 46,846 | 293,044 | ||||||
British American Tobacco PLC | 10,490 | 324,401 | ||||||
BT Group PLC(1) | 206,642 | 345,967 | ||||||
Bunzl PLC | 6,843 | 257,264 | ||||||
Burberry Group PLC | 16,796 | 222,785 | ||||||
Centrica PLC | 347,586 | 630,907 | ||||||
Coca-Cola HBC AG(2) | 28,026 | 951,071 | ||||||
Compass Group PLC | 42,474 | 1,192,509 | ||||||
ConvaTec Group PLC | 92,422 | 294,652 |
CRH PLC | 26,403 | 2,158,709 | ||||||
DCC PLC | 3,841 | 280,505 | ||||||
Diploma PLC | 6,835 | 358,288 | ||||||
Evraz PLC(2)(3) | 199,959 | 25 | ||||||
Glencore PLC | 64,843 | 399,672 | ||||||
GSK PLC | 61,502 | 1,379,982 | ||||||
Hikma Pharmaceuticals PLC | 24,271 | 600,066 | ||||||
Hiscox Ltd. | 19,762 | 289,617 | ||||||
Howden Joinery Group PLC | 52,894 | 616,893 | ||||||
IMI PLC | 13,029 | 311,412 | ||||||
InterContinental Hotels Group PLC | 11,645 | 1,182,535 | ||||||
J Sainsbury PLC | 88,179 | 312,634 | ||||||
JD Sports Fashion PLC | 183,069 | 300,888 | ||||||
Kingfisher PLC | 94,699 | 320,595 | ||||||
Marks & Spencer Group PLC | 94,562 | 365,835 | ||||||
Mondi PLC | 15,320 | 305,408 | ||||||
NatWest Group PLC | 136,207 | 550,998 | ||||||
Next PLC | 5,261 | 630,110 | ||||||
Pearson PLC | 22,467 | 273,160 | ||||||
RELX PLC | 8,337 | 365,718 | ||||||
Rightmove PLC | 39,520 | 271,302 | ||||||
Rio Tinto PLC | 26,895 | 1,893,338 | ||||||
Rolls-Royce Holdings PLC(2) | 60,668 | 354,354 | ||||||
Shell PLC | 90,958 | 3,306,429 | ||||||
Smith & Nephew PLC | 20,740 | 262,434 | ||||||
Taylor Wimpey PLC | 160,378 | 303,629 | ||||||
Tesco PLC | 77,417 | 307,957 | ||||||
Unilever PLC | 5,580 | 305,578 | ||||||
Vodafone Group PLC | 312,266 | 301,899 | ||||||
Whitbread PLC | 6,533 | 247,744 | ||||||
Wise PLC, Class A(2) | 27,785 | 291,966 | ||||||
WPP PLC | 78,318 | 819,760 | ||||||
28,303,801 | ||||||||
United States — 1.1% | ||||||||
Autoliv, Inc. | 8,399 | 1,071,461 | ||||||
Coupang, Inc.(2) | 1,650 | 37,521 | ||||||
Flex Ltd.(2) | 10,070 | 333,619 | ||||||
Janus Henderson Group PLC | 8,770 | 293,795 | ||||||
Noble Corp. PLC | 6,779 | 314,952 | ||||||
NXP Semiconductors NV | 1,289 | 350,737 | ||||||
Waste Connections, Inc. | 1,882 | 309,250 | ||||||
2,711,335 | ||||||||
TOTAL COMMON STOCKS (Cost $205,565,882) | 242,842,336 | |||||||
WARRANTS — 0.0% | ||||||||
Canada — 0.0% | ||||||||
Constellation Software, Inc.(2) (Cost $—) | 966 | 7 | ||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||
Money Market Funds — 1.8% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 2,158,013 | 2,158,013 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(4) | 2,195,100 | 2,195,100 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,353,113) | 4,353,113 | |||||||
TOTAL INVESTMENT SECURITIES — 100.4% (Cost $209,918,995) | 247,195,456 | |||||||
OTHER ASSETS AND LIABILITIES — (0.4)% | (885,943) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 246,309,513 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Industrials | 17.7% | ||||
Consumer Discretionary | 15.5% | ||||
Financials | 14.8% | ||||
Health Care | 12.2% | ||||
Consumer Staples | 8.3% | ||||
Materials | 8.3% | ||||
Information Technology | 7.1% | ||||
Communication Services | 5.5% | ||||
Energy | 5.3% | ||||
Utilities | 3.1% | ||||
Real Estate | 0.8% | ||||
Short-Term Investments | 1.8% | ||||
Other Assets and Liabilities | (0.4)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | – | American Depositary Receipt |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Canada | $ | 5,695,544 | $ | 14,949,855 | — | ||||||
China | 2,380,443 | 3,522,848 | — | ||||||||
Germany | 276,172 | 11,271,677 | — | ||||||||
Ireland | 364,068 | 1,010,688 | — | ||||||||
Israel | 700,568 | 1,790,594 | — | ||||||||
Italy | 2,526,828 | 8,687,902 | — | ||||||||
Netherlands | 367,297 | 13,568,483 | — | ||||||||
Singapore | 338,987 | 2,970,050 | — | ||||||||
Switzerland | 300,457 | 10,164,637 | — | ||||||||
United Kingdom | 2,158,709 | 26,145,092 | — | ||||||||
United States | 2,711,335 | — | — | ||||||||
Other Countries | — | 130,940,102 | — | ||||||||
Warrants | — | 7 | — | ||||||||
Short-Term Investments | 4,353,113 | — | — | ||||||||
$ | 22,173,521 | $ | 225,021,935 | — |