0001145549-23-020502.txt : 20230330 0001145549-23-020502.hdr.sgml : 20230330 20230330140046 ACCESSION NUMBER: 0001145549-23-020502 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230330 DATE AS OF CHANGE: 20230330 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK INVESTMENT TRUST CENTRAL INDEX KEY: 0000022370 IRS NUMBER: 746035056 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-00560 FILM NUMBER: 23779510 BUSINESS ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 200 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-663-3000 MAIL ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 200 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN INVESTMENT TRUST /MA/ DATE OF NAME CHANGE: 19950131 FORMER COMPANY: FORMER CONFORMED NAME: TRANSAMERICA INVESTMENT TRUST DATE OF NAME CHANGE: 19950131 FORMER COMPANY: FORMER CONFORMED NAME: CRITERION INCOME TRUST DATE OF NAME CHANGE: 19890820 0000022370 S000049614 John Hancock Emerging Markets Equity Fund C000156914 Class A JEMQX C000156915 Class C JEMZX C000156916 Class I JEMMX C000156917 Class NAV C000156918 Class R2 JEMKX C000156919 Class R4 JEMNX C000156920 Class R6 JEMGX NPORT-P 1 primary_doc.xml NPORT-P false 0000022370 XXXXXXXX S000049614 C000156914 C000156915 C000156916 C000156917 C000156918 C000156919 C000156920 John Hancock Investment Trust 811-00560 0000022370 549300WRGYBW55IKGU23 200 Berkeley Street Boston 02116 617-312-0176 Emerging Markets Equity Fund S000049614 549300GGQMIPTV8LKT37 2023-10-31 2023-01-31 N 1917997665.830000000000 784382.980000000000 1917213282.850000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 320762.860000000000 N Reliance Industries Limited 5493003UOETFYRONLG31 RELIANCE INDUSTRIES LTD COMMON STOCK INR10. 609962907 1911657 NS 55211953.15 2.8798023487 Long EC CORP IN N 2 N N N Wuxi Biologics (Cayman) Inc. N/A WUXI BIOLOGICS CAYMAN INC COMMON STOCK USD.00001 967JXD907 4048000 NS 33802451.99 1.7631033695 Long EC CORP CN N 2 N N N Meituan N/A MEITUAN COMMON STOCK USD.00001 ACI14YZ22 1668890 NS 37309502.44 1.9460277463 Long EC CORP CN N 2 N N N China Tourism Group Duty Free Corp Limited N/A CHINA TOURISM GROUP DUTY FREE COMMON STOCK CNY1.0 BLB6P5900 311800 NS 9553720.87 0.4983128875 Long EC CORP CN N 2 N N N Tencent Holdings Limited N/A TENCENT HOLDINGS LTD COMMON STOCK HKD.00002 BMMV2K903 1474400 NS 71845918.93 3.7474139978 Long EC CORP CN N 2 N N N Saudi Tadawul Group Holding Company N/A SAUDI TADAWUL GROUP HOLDING CO COMMON STOCK BMZQ74901 409697 NS 17750972.57 0.9258736484 Long EC CORP SA N 2 N N N Jubilant FoodWorks Limited N/A JUBILANT FOODWORKS LTD COMMON STOCK INR2.0 BNVYT9901 1886992 NS 11326202.22 0.5907638092 Long EC CORP IN N 2 N N N Ping An Insurance (Group) Company of China Ltd. N/A PING AN INSURANCE GROUP CO OF COMMON STOCK CNY1.0 BP3R28903 2470250 NS 18726261.1 0.9767437597 Long EC CORP CN N 2 N N N Hong Kong Exchanges and Clearing Limited N/A HONG KONG EXCHANGES and CLEARING COMMON STOCK 626735906 819000 NS 36836646.74 1.9213640480 Long EC CORP HK N 2 N N N Alibaba Group Holding Limited 5493001NTNQJDH60PM02 ALIBABA GROUP HOLDING LTD COMMON STOCK USD.000003125 BK6YZP902 5539720 NS 76163776.77 3.9726293079 Long EC CORP CN N 2 N N N ICICI Bank Limited R7RX8ER1V4666J8D1I38 ICICI BANK LTD COMMON STOCK INR2.0 BSZ2BY900 2758869 NS 28331648.27 1.4777515117 Long EC CORP IN N 2 N N N Fomento Economico Mexicano S.A.B. de C.V. 549300A8MDWDJNMLV153 FOMENTO ECONOMICO MEXICANO SAB UNIT 224205906 1924700 NS 16851665.6 0.8789666622 Long EC CORP MX N 1 N N N Kotak Mahindra Bank Limited N/A KOTAK MAHINDRA BANK LTD COMMON STOCK INR5.0 613566900 699283 NS 14880987.42 0.7761779846 Long EC CORP IN N 2 N N N China Tourism Group Duty Free Corp Limited N/A CHINA INTERNATIONAL TRAVEL SER COMMON STOCK CNY1.0 BP3R46905 482278 NS 15270705.93 0.7965053271 Long EC CORP CN N 2 N N N Grupo Financiero Banorte S.A.B. de C.V. N/A GRUPO FINANCIERO BANORTE SAB D COMMON STOCK MXN3.5 242104909 4121700 NS 34145944.08 1.7810195864 Long EC CORP MX N 1 N N N WEG S.A. N/A WEG SA COMMON STOCK 294542907 3239000 NS 24399535.09 1.2726562719 Long EC CORP BR N 1 N N N JPMORGAN US TREASURY PLUS MONE JPMORGAN US TR PL MMKT-L N/A JPMORGAN US TREASURY PLUS MONE JPMORGAN US TR PL MMKT-L 4812C2734 49057557 NS USD 49057557 2.5587949676 Long STIV RF US N 1 N N N MercadoLibre Inc. N/A MERCADOLIBRE INC COMMON STOCK USD.001 58733R102 20123 NS USD 23779147.87 1.2402974715 Long EC CORP UY N 1 N N N Apollo Hospitals Enterprise Limited N/A APOLLO HOSPITALS ENTERPRISE LT COMMON STOCK INR5. 627358906 309300 NS 16194262.76 0.8446771627 Long EC CORP IN N 2 N N N LG Chem Ltd. N/A LG CHEM LTD COMMON STOCK KRW5000. 634691901 94570 NS 53375615.48 2.7840207429 Long EC CORP KR N 2 N N N MediaTek Inc. N/A MEDIATEK INC COMMON STOCK TWD10. 637248907 2160000 NS 52187698.26 2.7220601238 Long EC CORP TW N 2 N N N Publichnoe Aktcionernoe Obshchestvo Sberbank Rossii 549300WE6TAF5EEWQS81 SBERBANK OF RUSSIA PJSC ADR 80585Y308 558398 NS USD 126756.35 0.0066114892 Long EC CORP RU N 3 N N N Sea Limited N/A SEA LTD ADR 81141R100 231660 NS USD 14930487 0.7787598351 Long EC CORP SG N 1 N N N Hana Financial Group Inc. N/A HANA FINANCIAL GROUP INC COMMON STOCK KRW5000. B0RNRF908 934874 NS 37139960.94 1.9371846248 Long EC CORP KR N 2 N N N Hapvida Participacoes e Investimentos S.A. N/A HAPVIDA PARTICIPACOES E INVEST COMMON STOCK BF4J7N904 12805536 NS 12991452.51 0.6776216619 Long EC CORP BR N 1 N N N Xinyi Solar Holdings Limited N/A XINYI SOLAR HOLDINGS LTD COMMON STOCK HKD.1 BGQYNN907 18496103 NS 24062748.91 1.2550898288 Long EC CORP CN N 2 N N N Prosus N.V. N/A PROSUS NV COMMON STOCK EUR.05 BJDS7L900 369691 NS 29850675.62 1.5569825166 Long EC CORP NL N 2 N N N HDFC Bank Limited N/A HDFC BANK LTD COMMON STOCK INR1.0 BK1N46907 1853834 NS 36533267.73 1.9055400908 Long EC CORP IN N 2 N N N JD.com Inc. 549300HVTWB0GJZ16V92 JD.COM INC COMMON STOCK USD.00002 BKPQZT900 1041762 NS 30933430.46 1.6134579672 Long EC CORP CN N 2 N N N Wal-Mart de Mexico S.A.B. de C.V. N/A WAL-MART DE MEXICO SAB DE CV COMMON STOCK BW1YVH903 4917200 NS 19206078.44 1.0017705704 Long EC CORP MX N 1 N N N Credicorp Ltd. N/A CREDICORP LTD COMMON STOCK USD5.0 G2519Y108 168635 NS USD 22647680.5 1.1812812222 Long EC CORP PE N 1 N N N XP Inc. N/A XP INC COMMON STOCK G98239109 1068934 NS USD 19048403.88 0.9935464171 Long EC CORP BR N 1 N N N Housing Development Finance Corporation Limited N/A HOUSING DEVELOPMENT FINANCE CO COMMON STOCK INR2. 617190905 601365 NS 19402951.48 1.0120392788 Long EC CORP IN N 2 N N N Infosys Limited N/A INFOSYS LTD COMMON STOCK INR5. 620512905 1227660 NS 23127119.12 1.2062882793 Long EC CORP IN N 2 N N N Lenovo Group Limited N/A LENOVO GROUP LTD COMMON STOCK 621808906 26658000 NS 21381556.15 1.1152413944 Long EC CORP CN N 2 N N N Hindustan Unilever Limited 5493007IW5N37IKRPM32 HINDUSTAN UNILEVER LTD COMMON STOCK INR1.0 626167902 600375 NS 18941319.04 0.9879609749 Long EC CORP IN N 2 N N N Airtac International Group N/A AIRTAC INTERNATIONAL GROUP COMMON STOCK TWD10.0 ACI00D6U4 1005681 NS 34393467.23 1.7939301557 Long EC CORP CN N 2 N N N Ase Technology Holding Co. Ltd. N/A ASE TECHNOLOGY HOLDING CO LTD COMMON STOCK TWD10.0 ACI126S98 5432000 NS 18327805 0.9559606729 Long EC CORP TW N 2 N N N Trip.com Group Limited N/A TRIP.COM GROUP LTD COMMON STOCK USD.00125 BNYK8H903 511950 NS 18832311.87 0.9822752658 Long EC CORP CN N 2 N N N Kweichow Moutai Co. Ltd. N/A KWEICHOW MOUTAI CO LTD COMMON STOCK CNY1.0 BP3R2F907 78976 NS 21652860.35 1.1293923604 Long EC CORP CN N 2 N N N NARI Technology Co.Ltd. N/A NARI TECHNOLOGY CO LTD COMMON STOCK CNY1.0 BP3R44900 6853650 NS 26857314.58 1.4008516851 Long EC CORP CN N 2 N N N Tata Consumer Products Limited N/A TATA GLOBAL BEVERAGES LTD COMMON STOCK INR1. 612148908 2114282 NS 18891945.09 0.9853856772 Long EC CORP IN N 2 N N N SK hynix Inc. N/A SK HYNIX INC COMMON STOCK KRW5000. 645026907 527476 NS 38159667.41 1.9903715331 Long EC CORP KR N 2 N N N PT Bank Mandiri (Persero) Tbk 549300RSKQN4Z5ZSGH94 BANK MANDIRI PERSERO TBK PT COMMON STOCK IDR250.0 665104907 28993900 NS 19319682.26 1.0076960364 Long EC CORP ID N 2 N N N Samsung Electronics Co. Ltd. N/A SAMSUNG ELECTRONICS CO LTD PREFERENCE 677381907 2004478 NS 89949131.77 4.6916601598 Long EP CORP KR N 2 N N N Taiwan Semiconductor Manufacturing Company Limited N/A TAIWAN SEMICONDUCTOR MANUFACTU COMMON STOCK TWD10. 688910900 6122000 NS 108033692.43 5.6349334420 Long EC CORP TW N 2 N N N Universal Robina Corporation N/A UNIVERSAL ROBINA CORP COMMON STOCK PHP1. 691951909 4030310 NS 10181330.39 0.5310483962 Long EC CORP PH N 2 N N N China Resources Beer (Holdings) Company Limited N/A CHINA RESOURCES BEER HOLDIN COMMON STOCK 697245009 3788000 NS 28517133.04 1.4874262188 Long EC CORP HK N 2 N N N Yum China Holdings Inc. N/A YUM CHINA HOLDINGS INC COMMON STOCK USD.01 98850P109 443109 NS 26847084.63 1.4003181008 Long EC CORP CN N 2 N N N JD Health International Inc. N/A JD HEALTH INTERNATIONAL INC COMMON STOCK USD.0000005 ACI1T0T00 1108250 NS 9203283.03 0.4800343870 Long EC CORP CN N 2 N N N Itau Unibanco Holding S.A. N/A ITAU UNIBANCO HOLDING SA PREFERENCE B037HR904 5150300 NS 25699249.26 1.3404481124 Long EP CORP BR N 1 N N N Anglo American plc 549300S9XF92D1X8ME43 ANGLO AMERICAN PLC COMMON STOCK USD.54945 B1XZS8907 1849113 NS 79752873.52 4.1598331408 Long EC CORP GB N 2 N N N eMemory Technology Incorporation N/A EMEMORY TECHNOLOGY INC COMMON STOCK TWD10.0 B2PXYH902 615000 NS 33719474.03 1.7587753189 Long EC CORP TW N 2 N N N AIA Group Limited ZP5ILWVSYE4LJGMMVD57 AIA GROUP LTD COMMON STOCK B4TX8S909 5510400 NS 62309663.78 3.2500121055 Long EC CORP HK N 2 N N N Dino Polska Spolka Akcyjna N/A DINO POLSKA SA COMMON STOCK PLN.1 BD0YVN903 202573 NS 18352042.61 0.9572248833 Long EC CORP PL N 2 N N N Centre Testing International Group Co. Ltd. N/A CENTRE TESTING INTL GROUP-A BD5C7D905 4247808 NS 14959418.66 0.7802688826 Long EC CORP CN N 2 N N N Sungrow Power Supply Co.Ltd. N/A SUNGROW POWER SUPPLY CO LT-A BD5CGB909 1101046 NS 21317665.95 1.1119089431 Long EC CORP CN N 2 N N N Glodon Company Limited N/A GLODON CO LTD-A BD5CK0908 3248146 NS 31508523.47 1.6434542652 Long EC CORP CN N 2 N N N Kingdee International Software Group Company Limited N/A KINGDEE INTERNATIONAL SOFTWARE COMMON STOCK HKD.025 632758900 14775000 NS 32246603.99 1.6819518349 Long EC CORP CN N 2 N N N Capitec Bank Holdings Limited N/A CAPITEC BANK HOLDINGS LTD COMMON STOCK ZAR.01 644085904 171694 NS 17733635.15 0.9249693453 Long EC CORP ZA N 2 N N N PT Bank Negara Indonesia (Persero) Tbk 549300HZ8J3MLVXQ8F85 BANK NEGARA INDONESIA PERSERO COMMON STOCK IDR7500. 672712908 38597500 NS 23659912.04 1.2340782453 Long EC CORP ID N 2 N N N Techtronic Industries Company Limited N/A TECHTRONIC INDUSTRIES CO LTD COMMON STOCK B0190C903 2131500 NS 27478834.58 1.4332695703 Long EC CORP HK N 2 N N N Suzano S.A. N/A SUZANO SA COMMON STOCK NPV B02GKC904 1638300 NS 14961997.52 0.7804033935 Long EC CORP BR N 1 N N N Li Ning Company Limited N/A LI NING CO LTD COMMON STOCK HKD.1 B01JCK900 1775000 NS 17547053.99 0.9152374515 Long EC CORP CN N 2 N N N 2023-02-28 John Hancock Investment Trust /s/Salvatore Schiavone Salvatore Schiavone Treasurer XXXX NPORT-EX 2 edgar.htm
John Hancock
Emerging Markets Equity Fund
Quarterly portfolio holdings 1/31/2023

Fund’s investments  
As of 1-31-23 (unaudited)
        Shares Value
Common stocks 91.4%         $1,753,033,782
(Cost $1,594,645,204)          
Brazil 3.7%         71,401,390
Hapvida Participacoes e Investimentos S/A (A)(B)     12,805,536 12,991,453
Suzano SA     1,638,300 14,961,998
WEG SA     3,239,000 24,399,535
XP, Inc., Class A (B)     1,068,934 19,048,404
China 31.0%         594,415,661
Airtac International Group     1,005,681 34,393,467
Alibaba Group Holding, Ltd. (B)     5,539,720 76,163,777
Centre Testing International Group Company, Ltd., Class A     4,247,808 14,959,419
China Tourism Group Duty Free Corp., Ltd., Class A     482,278 15,270,706
China Tourism Group Duty Free Corp., Ltd., H Shares (A)(B)     311,800 9,553,721
Glodon Company, Ltd., Class A     3,248,146 31,508,523
JD Health International, Inc. (A)(B)     1,108,250 9,203,283
JD.com, Inc., Class A     1,041,762 30,933,430
Kingdee International Software Group Company, Ltd. (B)     14,775,000 32,246,604
Kweichow Moutai Company, Ltd., Class A     78,976 21,652,860
Lenovo Group, Ltd.     26,658,000 21,381,556
Li Ning Company, Ltd.     1,775,000 17,547,054
Meituan, Class B (A)(B)     1,668,890 37,309,502
NARI Technology Company, Ltd., Class A     6,853,650 26,857,315
Ping An Insurance Group Company of China, Ltd., Class A     2,470,250 18,726,261
Sungrow Power Supply Company, Ltd., Class A     1,101,046 21,317,666
Tencent Holdings, Ltd.     1,474,400 71,845,919
Trip.com Group, Ltd. (B)     511,950 18,832,312
WuXi Biologics Cayman, Inc. (A)(B)     4,048,000 33,802,452
Xinyi Solar Holdings, Ltd.     18,496,103 24,062,749
Yum China Holdings, Inc.     443,109 26,847,085
Hong Kong 8.1%         155,142,279
AIA Group, Ltd.     5,510,400 62,309,664
China Resources Beer Holdings Company, Ltd.     3,788,000 28,517,133
Hong Kong Exchanges & Clearing, Ltd.     819,000 36,836,647
Techtronic Industries Company, Ltd.     2,131,500 27,478,835
India 12.7%         242,841,655
Apollo Hospitals Enterprise, Ltd.     309,300 16,194,263
HDFC Bank, Ltd.     1,853,834 36,533,268
Hindustan Unilever, Ltd.     600,375 18,941,319
Housing Development Finance Corp., Ltd.     601,365 19,402,951
ICICI Bank, Ltd.     2,758,869 28,331,648
Infosys, Ltd.     1,227,660 23,127,119
Jubilant Foodworks, Ltd.     1,886,992 11,326,202
Kotak Mahindra Bank, Ltd.     699,283 14,880,987
Reliance Industries, Ltd.     1,911,657 55,211,953
Tata Consumer Products, Ltd.     2,114,282 18,891,945
Indonesia 2.2%         42,979,594
Bank Mandiri Persero Tbk PT     28,993,900 19,319,682
Bank Negara Indonesia Persero Tbk PT     38,597,500 23,659,912
Mexico 3.7%         70,203,688
Fomento Economico Mexicano SAB de CV     1,924,700 16,851,666
Grupo Financiero Banorte SAB de CV, Series O     4,121,700 34,145,944
2 JOHN HANCOCK EMERGING MARKETS EQUITY FUND |QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

        Shares Value
Mexico (continued)          
Wal-Mart de Mexico SAB de CV     4,917,200 $19,206,078
Netherlands 1.5%         29,850,676
Prosus NV (B)     369,691 29,850,676
Peru 1.2%         22,647,681
Credicorp, Ltd.     168,635 22,647,681
Philippines 0.5%         10,181,330
Universal Robina Corp.     4,030,310 10,181,330
Poland 1.0%         18,352,043
Dino Polska SA (A)(B)     202,573 18,352,043
Russia 0.0%         126,756
Sberbank of Russia PJSC, ADR (B)(C)     558,398 126,756
Saudi Arabia 0.9%         17,750,973
Saudi Tadawul Group Holding Company     409,697 17,750,973
Singapore 0.8%         14,930,487
Sea, Ltd., ADR (B)     231,660 14,930,487
South Africa 0.9%         17,733,635
Capitec Bank Holdings, Ltd.     171,694 17,733,635
South Korea 6.7%         128,675,243
Hana Financial Group, Inc.     934,874 37,139,961
LG Chem, Ltd. (B)     94,570 53,375,615
SK Hynix, Inc.     527,476 38,159,667
Taiwan 11.1%         212,268,669
ASE Technology Holding Company, Ltd.     5,432,000 18,327,805
eMemory Technology, Inc.     615,000 33,719,474
MediaTek, Inc.     2,160,000 52,187,698
Taiwan Semiconductor Manufacturing Company, Ltd.     6,122,000 108,033,692
United Kingdom 4.2%         79,752,874
Anglo American PLC     1,849,113 79,752,874
Uruguay 1.2%         23,779,148
MercadoLibre, Inc. (B)     20,123 23,779,148
Preferred securities 6.0%         $115,648,381
(Cost $91,892,466)          
Brazil 1.3%         25,699,249
Itau Unibanco Holding SA     5,150,300 25,699,249
South Korea 4.7%         89,949,132
Samsung Electronics Company, Ltd.     2,004,478 89,949,132
    
    Yield (%)   Shares Value
Short-term investments 2.6%       $49,057,557
(Cost $49,057,557)          
Short-term funds 2.6%         49,057,557
JPMorgan U.S. Treasury Plus Money Market Fund, Institutional Class 4.1414(D)   49,057,557 49,057,557
    
Total investments (Cost $1,735,595,227) 100.0%     $1,917,739,720
Other assets and liabilities, net 0.0%     116,480
Total net assets 100.0%         $1,917,856,200
    
SEE NOTES TO FUND’S INVESTMENTS QUARTERLY REPORT |JOHN HANCOCK EMERGING MARKETS EQUITY FUND 3

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
Security Abbreviations and Legend
ADR American Depositary Receipt
(A) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.
(B) Non-income producing security.
(C) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(D) The rate shown is the annualized seven-day yield as of 1-31-23.
The fund had the following sector composition as a percentage of net assets on 1-31-23:
Information technology 24.7%
Financials 22.6%
Consumer discretionary 15.9%
Consumer staples 8.0%
Materials 7.8%
Industrials 7.7%
Communication services 4.5%
Health care 3.3%
Energy 2.9%
Short-term investments and other 2.6%
TOTAL 100.0%
4 JOHN HANCOCK EMERGING MARKETS EQUITY FUND |QUARTERLY REPORT SEE NOTES TO FUND’S INVESTMENTS

Notes to Fund’s investments (unaudited)  
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Advisor’s Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund’s investments as of January 31, 2023, by major security category or type:
  Total
value at
1-31-23
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
         
Investments in securities:        
Assets        
Common stocks        
Brazil $71,401,390 $71,401,390
China 594,415,661 $594,415,661
Hong Kong 155,142,279 155,142,279
India 242,841,655 242,841,655
Indonesia 42,979,594 42,979,594
Mexico 70,203,688 70,203,688
Netherlands 29,850,676 29,850,676
Peru 22,647,681 22,647,681
Philippines 10,181,330 10,181,330
Poland 18,352,043 18,352,043
Russia 126,756 $126,756
Saudi Arabia 17,750,973 17,750,973
Singapore 14,930,487 14,930,487
South Africa 17,733,635 17,733,635
South Korea 128,675,243 128,675,243
Taiwan 212,268,669 212,268,669
United Kingdom 79,752,874 79,752,874
Uruguay 23,779,148 23,779,148
  | 5

  Total
value at
1-31-23
Level 1
quoted
price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
 (continued)        
Preferred securities        
Brazil $25,699,249 $25,699,249
South Korea 89,949,132 $89,949,132
Short-term investments 49,057,557 49,057,557
Total investments in securities $1,917,739,720 $277,719,200 $1,639,893,764 $126,756
For additional information on the fund’s significant accounting policies and risks, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.
6 |  
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