NPORT-EX 3 NPORT_DFAN_55624608_0123.htm
The U.S. Large Cap Value Series
SCHEDULE OF INVESTMENTS
January 31, 2023
(Unaudited)
    
      Shares   Value†
COMMON STOCKS — (97.9%)
COMMUNICATION SERVICES — (8.2%)
 
Activision Blizzard, Inc.
  911,090   $69,762,161
 
AT&T, Inc.
  19,723,621   401,770,160
# *
Charter Communications, Inc., Class A
  796   305,911
 
Comcast Corp., Class A
  13,738,104   540,594,392
# *
DISH Network Corp., Class A
  110,428   1,589,059
 
Electronic Arts, Inc.
  9,653   1,242,148
#
Fox Corp., Class A
  1,008,994   34,245,256
 
Fox Corp., Class B
  397,338   12,595,615
 
Interpublic Group of Cos., Inc.
  974,877   35,544,016
# *
Liberty Broadband Corp., Class A
  27,366   2,452,541
*
Liberty Broadband Corp., Class C
  199,990   17,955,102
# *
Liberty Media Corp.-Liberty Formula One, Class A
  39,281   2,501,414
# *
Liberty Media Corp.-Liberty Formula One, Class C
  78,309   5,544,277
*
Liberty Media Corp.-Liberty SiriusXM, Class A
  156,619   6,361,864
*
Liberty Media Corp.-Liberty SiriusXM, Class C
  357,358   14,401,527
#
Lumen Technologies, Inc.
  4,018,696   21,098,154
# *
Madison Square Garden Entertainment Corp.
  8,266   432,229
*
Meta Platforms, Inc., Class A
  977,197   145,573,037
 
News Corp., Class A
  577,757   11,705,357
#
News Corp., Class B
  64,856   1,325,657
#
Paramount Global, Class B
  1,489,752   34,502,656
*
Take-Two Interactive Software, Inc.
  24,929   2,822,711
*
T-Mobile U.S., Inc.
  1,545,488   230,756,813
 
Verizon Communications, Inc.
  11,373,951   472,815,143
*
Walt Disney Co.
  1,947,638   211,299,247
*
Warner Bros Discovery, Inc.
  2,770,276   41,055,490
TOTAL COMMUNICATION SERVICES
      2,320,251,937
CONSUMER DISCRETIONARY — (5.6%)
 
Advance Auto Parts, Inc.
  260,009   39,594,170
*
Aptiv PLC
  231,684   26,201,144
 
Aramark
  803,405   35,775,625
 
Autoliv, Inc.
  269,146   24,793,729
 
BorgWarner, Inc.
  1,102,997   52,149,698
*
Capri Holdings Ltd.
  26,730   1,777,278
# *
CarMax, Inc.
  385,771   27,177,567
#
Dick's Sporting Goods, Inc.
  20,800   2,719,808
*
Dollar Tree, Inc.
  622,764   93,526,697
#
DR Horton, Inc.
  2,494,501   246,182,304
 
eBay, Inc.
  266,481   13,190,809
 
Ford Motor Co.
  7,869,237   106,313,392
#
Garmin Ltd.
  536,870   53,085,706
 
General Motors Co.
  4,532,565   178,220,456
 
Gentex Corp.
  994,834   29,357,551
 
Genuine Parts Co.
  7,025   1,178,935
#
Hasbro, Inc.
  65,998   3,905,102
# *
Hyatt Hotels Corp., Class A
  127,405   13,902,434
 
Lear Corp.
  317,608   46,300,894
#
Lennar Corp., Class A
  1,099,280   112,566,272
#
Lennar Corp., Class B
  37,985   3,280,385
#
Lithia Motors, Inc.
  2,694   709,061
 
LKQ Corp.
  1,699,192   100,184,360
#
MGM Resorts International
  1,566,881   64,884,542
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
CONSUMER DISCRETIONARY — (Continued)
*
Mohawk Industries, Inc.
  347,126   $41,675,948
#
Penske Automotive Group, Inc.
  60,642   7,751,260
 
PulteGroup, Inc.
  1,956,203   111,288,389
# *
Qurate Retail, Inc., Class A
  63,525   163,894
#
Ralph Lauren Corp.
  233,423   28,909,439
# *
Royal Caribbean Cruises Ltd.
  572,051   37,148,992
#
Tapestry, Inc.
  358,209   16,323,584
#
Whirlpool Corp.
  476,476   74,134,901
TOTAL CONSUMER DISCRETIONARY
      1,594,374,326
CONSUMER STAPLES — (4.9%)
 
Archer-Daniels-Midland Co.
  1,129,118   93,547,426
# *
BellRing Brands, Inc.
  100,936   2,862,545
 
Bunge Ltd.
  584,509   57,924,842
 
Campbell Soup Co.
  75,598   3,925,804
 
Casey's General Stores, Inc.
  700   165,137
 
Conagra Brands, Inc.
  711,380   26,456,222
 
Constellation Brands, Inc., Class A
  303,632   70,296,881
*
Darling Ingredients, Inc.
  500,847   33,201,148
 
General Mills, Inc.
  2,002,753   156,935,725
 
Hormel Foods Corp.
  256,007   11,599,677
 
Ingredion, Inc.
  6,180   635,304
 
J M Smucker Co.
  640,719   97,901,863
 
Keurig Dr Pepper, Inc.
  148,220   5,229,202
 
Kroger Co.
  3,346,505   149,354,518
#
McCormick & Co., Inc.
  34,185   2,567,977
#
Molson Coors Beverage Co., Class B
  450,930   23,709,899
 
Mondelez International, Inc., Class A
  2,373,367   155,313,137
*
Performance Food Group Co.
  34,200   2,097,144
# *
Pilgrim's Pride Corp.
  6,211   150,803
*
Post Holdings, Inc.
  50,664   4,810,547
#
Seaboard Corp.
  13   50,967
 
Tyson Foods, Inc., Class A
  1,698,335   111,665,526
# *
U.S. Foods Holding Corp.
  808,080   30,812,090
 
Walgreens Boots Alliance, Inc.
  971,954   35,826,224
 
Walmart, Inc.
  2,215,042   318,678,093
TOTAL CONSUMER STAPLES
      1,395,718,701
ENERGY — (15.0%)
# *
Antero Resources Corp.
  543,816   15,683,653
 
Baker Hughes Co.
  95,536   3,032,313
#
Chesapeake Energy Corp.
  198,413   17,206,375
 
Chevron Corp.
  4,902,962   853,213,447
 
ConocoPhillips
  5,185,429   631,948,232
 
Coterra Energy, Inc.
  973,521   24,367,231
 
Devon Energy Corp.
  761,239   48,140,754
 
Diamondback Energy, Inc.
  197,360   28,838,243
 
EOG Resources, Inc.
  1,168,138   154,486,251
#
EQT Corp.
  356,304   11,640,452
 
Exxon Mobil Corp.
  10,969,289   1,272,547,217
 
Halliburton Co.
  1,279,480   52,740,166
 
Hess Corp.
  839,430   126,048,809
 
HF Sinclair Corp.
  253,216   14,407,990
 
Kinder Morgan, Inc.
  4,324,626   79,140,656
 
Marathon Oil Corp.
  1,253,145   34,423,893
 
Marathon Petroleum Corp.
  1,358,505   174,595,063
 
Occidental Petroleum Corp.
  1,487,423   96,370,136
 
ONEOK, Inc.
  676,852   46,350,825
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
ENERGY — (Continued)
 
Ovintiv, Inc.
  158,193   $7,787,841
 
Phillips 66
  744,812   74,682,299
 
Pioneer Natural Resources Co.
  481,859   110,996,221
 
Schlumberger Ltd.
  2,012,506   114,672,592
 
Targa Resources Corp.
  369,927   27,751,924
 
Valero Energy Corp.
  900,872   126,149,106
*
Vitesse Energy, Inc.
  35,597   568,128
 
Williams Cos., Inc.
  3,720,143   119,937,410
TOTAL ENERGY
      4,267,727,227
FINANCIALS — (20.3%)
 
Aflac, Inc.
  1,547,828   113,765,358
 
Allstate Corp.
  759,470   97,569,111
#
Ally Financial, Inc.
  2,648,489   86,049,408
 
American Financial Group, Inc.
  296,963   42,343,954
 
American International Group, Inc.
  1,389,809   87,863,725
 
Apollo Global Management, Inc.
  140,437   9,940,131
*
Arch Capital Group Ltd.
  521,287   33,544,818
 
Assurant, Inc.
  224,836   29,811,005
 
Axis Capital Holdings Ltd.
  3,443   215,429
 
Bank of America Corp.
  8,769,713   311,149,417
 
Bank of New York Mellon Corp.
  2,360,323   119,361,534
*
Berkshire Hathaway, Inc., Class B
  1,859,637   579,314,118
 
BOK Financial Corp.
  6,114   614,457
 
Capital One Financial Corp.
  1,590,611   189,282,709
 
Charles Schwab Corp.
  3,700   286,454
 
Chubb Ltd.
  586,765   133,483,170
#
Cincinnati Financial Corp.
  11,885   1,344,788
 
Citigroup, Inc.
  3,688,797   192,628,979
#
Citizens Financial Group, Inc.
  922,786   39,975,090
#
CNA Financial Corp.
  187,747   8,178,259
#
Comerica, Inc.
  154,602   11,333,873
 
Discover Financial Services
  1,807   210,931
 
East West Bancorp, Inc.
  107,578   8,447,025
 
Equitable Holdings, Inc.
  10,374   332,694
 
Everest Re Group Ltd.
  88,971   31,112,269
#
F&G Annuities & Life, Inc.
  8,261   177,281
 
Fidelity National Financial, Inc.
  121,493   5,349,337
 
Fifth Third Bancorp
  3,458,014   125,491,328
#
First Citizens BancShares, Inc., Class A
  3,992   3,104,499
 
First Horizon Corp.
  75,600   1,869,588
#
Franklin Resources, Inc.
  271,081   8,457,727
 
Globe Life, Inc.
  11,967   1,446,212
#
Goldman Sachs Group, Inc.
  943,791   345,248,186
 
Hartford Financial Services Group, Inc.
  2,136,542   165,817,025
#
Huntington Bancshares, Inc.
  3,221,658   48,872,552
 
Jefferies Financial Group, Inc.
  302,462   11,880,707
 
JPMorgan Chase & Co.
  7,608,558   1,064,893,778
 
KeyCorp
  3,701,040   71,022,958
 
Lincoln National Corp.
  138,066   4,891,678
 
Loews Corp.
  817,710   50,272,811
 
M&T Bank Corp.
  213,565   33,316,140
*
Markel Corp.
  3,473   4,893,388
 
MetLife, Inc.
  456,228   33,313,769
 
Morgan Stanley
  3,174,676   308,991,215
 
Northern Trust Corp.
  100,620   9,757,121
 
Old Republic International Corp.
  745,739   19,680,052
 
PNC Financial Services Group, Inc.
  578,982   95,780,992
#
Principal Financial Group, Inc.
  1,433,986   132,715,404
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
FINANCIALS — (Continued)
#
Prosperity Bancshares, Inc.
  10,200   $773,772
 
Prudential Financial, Inc.
  517,661   54,323,345
 
Raymond James Financial, Inc.
  2,229   251,364
 
Regions Financial Corp.
  5,559,337   130,866,793
 
Reinsurance Group of America, Inc.
  12,100   1,836,417
 
RenaissanceRe Holdings Ltd.
  3,923   767,692
 
Signature Bank
  400   51,580
 
State Street Corp.
  577,262   52,721,338
 
Synchrony Financial
  1,227,307   45,078,986
 
Synovus Financial Corp.
  13,039   546,986
 
Travelers Cos., Inc.
  1,016,670   194,305,970
 
Truist Financial Corp.
  2,880,479   142,266,858
 
U.S. Bancorp
  2,101,419   104,650,666
 
Unum Group
  30,296   1,273,341
 
W R Berkley Corp.
  6,265   439,427
 
Webster Financial Corp.
  51,100   2,690,415
 
Wells Fargo & Co.
  6,446,522   302,148,486
 
Zions Bancorp NA
  733,294   38,981,909
TOTAL FINANCIALS
      5,749,377,799
HEALTH CARE — (15.4%)
 
AbbVie, Inc.
  6,116   903,639
 
Baxter International, Inc.
  771,310   35,241,154
 
Becton Dickinson & Co.
  268,042   67,605,553
*
Biogen, Inc.
  507,315   147,577,934
*
Bio-Rad Laboratories, Inc., Class A
  28,517   13,330,557
*
Boston Scientific Corp.
  50,481   2,334,746
 
Bristol-Myers Squibb Co.
  2,696,576   195,906,246
*
Catalent, Inc.
  154,991   8,299,768
*
Centene Corp.
  751,586   57,300,917
*
Charles River Laboratories International, Inc.
  2,300   559,475
 
Cigna Corp.
  998,289   316,128,178
 
Cooper Cos., Inc.
  16,950   5,914,364
 
CVS Health Corp.
  3,233,170   285,230,257
 
Danaher Corp.
  936,418   247,570,191
*
DaVita, Inc.
  46,798   3,855,687
 
Elevance Health, Inc.
  688,153   344,069,619
#
Embecta Corp.
  43,883   1,158,072
# *
Envista Holdings Corp.
  11,130   433,959
*
GE HealthCare Technologies, Inc.
  398,647   27,713,939
 
Gilead Sciences, Inc.
  2,211,205   185,608,548
# *
Henry Schein, Inc.
  212,239   18,284,390
*
Hologic, Inc.
  384,054   31,250,474
 
Humana, Inc.
  441,277   225,801,441
*
Incyte Corp.
  57,883   4,928,159
*
Jazz Pharmaceuticals PLC
  215,487   33,758,193
 
Laboratory Corp. of America Holdings
  661,405   166,753,429
 
McKesson Corp.
  122,974   46,567,794
 
Medtronic PLC
  2,002,037   167,550,477
 
Merck & Co., Inc.
  32,135   3,451,620
*
Moderna, Inc.
  578,620   101,871,837
 
PerkinElmer, Inc.
  120,811   16,615,137
 
Pfizer, Inc.
  17,021,900   751,687,104
#
Quest Diagnostics, Inc.
  907,567   134,755,548
*
Regeneron Pharmaceuticals, Inc.
  157,922   119,779,099
 
STERIS PLC
  208,557   43,069,106
*
Syneos Health, Inc.
  13,905   499,468
 
Thermo Fisher Scientific, Inc.
  640,073   365,052,834
*
United Therapeutics Corp.
  91,266   24,018,473
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
HEALTH CARE — (Continued)
 
Universal Health Services, Inc., Class B
  450,326   $66,742,817
*
Vertex Pharmaceuticals, Inc.
  98,963   31,974,945
 
Viatris, Inc.
  2,860,265   34,780,822
 
Zimmer Biomet Holdings, Inc.
  365,895   46,593,069
TOTAL HEALTH CARE
      4,382,529,039
INDUSTRIALS — (11.6%)
 
AECOM
  513,326   44,797,960
 
AGCO Corp.
  253,428   35,006,010
 
AMETEK, Inc.
  157,969   22,892,867
 
Arcosa, Inc.
  75,166   4,455,089
# *
Builders FirstSource, Inc.
  589,989   47,022,123
*
CACI International, Inc., Class A
  2,200   677,798
 
Carlisle Cos., Inc.
  315,528   79,153,354
 
Carrier Global Corp.
  2,075,473   94,496,286
 
CSX Corp.
  864,128   26,718,838
 
Cummins, Inc.
  542,409   135,352,742
 
Deere & Co.
  1,688   713,754
 
Dover Corp.
  413,060   62,714,900
 
Eaton Corp. PLC
  948,408   153,841,262
 
FedEx Corp.
  569,614   110,425,370
 
Fortive Corp.
  269,682   18,346,466
 
Fortune Brands Innovations, Inc.
  519,705   33,526,170
 
General Dynamics Corp.
  428,065   99,764,829
 
General Electric Co.
  1,195,941   96,249,332
# *
GXO Logistics, Inc.
  655,800   34,318,014
 
Howmet Aerospace, Inc.
  1,388,729   56,507,383
 
Hubbell, Inc.
  31,089   7,116,583
 
Huntington Ingalls Industries, Inc.
  41,674   9,190,784
 
Ingersoll Rand, Inc.
  795,802   44,564,912
 
Jacobs Solutions, Inc.
  284,566   35,158,129
 
Johnson Controls International PLC
  1,557,033   108,322,786
 
L3Harris Technologies, Inc.
  243,736   52,359,367
 
Leidos Holdings, Inc.
  695,305   68,723,946
 
ManpowerGroup, Inc.
  2,452   213,716
 
Masterbrand, Inc.
  519,705   4,781,286
 
MDU Resources Group, Inc.
  20,335   628,555
*
Middleby Corp.
  49,207   7,649,228
 
Norfolk Southern Corp.
  780,147   191,767,934
 
Northrop Grumman Corp.
  96,806   43,372,960
 
nVent Electric PLC
  13,164   523,269
 
Oshkosh Corp.
  2,394   241,267
 
Otis Worldwide Corp.
  1,224,040   100,652,809
 
Owens Corning
  520,448   50,301,299
 
PACCAR, Inc.
  1,377,619   150,587,533
 
Parker-Hannifin Corp.
  389,870   127,097,620
 
Pentair PLC
  1,017,055   56,324,506
 
Quanta Services, Inc.
  679,004   103,337,619
 
Raytheon Technologies Corp.
  1,645,634   164,316,555
 
Regal Rexnord Corp.
  41,600   5,790,720
 
Republic Services, Inc.
  1,829,777   228,392,765
#
Sensata Technologies Holding PLC
  669,936   34,066,246
 
Snap-on, Inc.
  313,561   77,992,027
 
Southwest Airlines Co.
  1,425,158   50,977,902
#
Stanley Black & Decker, Inc.
  576,859   51,519,277
# *
Sunrun, Inc.
  36,102   948,761
 
Textron, Inc.
  1,250,411   91,092,441
 
Trane Technologies PLC
  315,207   56,459,878
 
TransUnion
  86,859   6,232,133
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
INDUSTRIALS — (Continued)
#
U-Haul Holding Co.
  84,288   $5,649,825
 
U-Haul Holding Co.
  758,592   46,873,400
*
United Airlines Holdings, Inc.
  230,778   11,298,891
*
United Rentals, Inc.
  245,310   108,169,444
 
Westinghouse Air Brake Technologies Corp.
  313,561   32,550,767
TOTAL INDUSTRIALS
      3,292,227,687
INFORMATION TECHNOLOGY — (7.7%)
*
Advanced Micro Devices, Inc.
  477,783   35,905,392
*
Akamai Technologies, Inc.
  121,238   10,784,120
#
Amdocs Ltd.
  718,388   66,041,409
 
Analog Devices, Inc.
  620,247   106,353,753
*
Arrow Electronics, Inc.
  388,892   45,690,921
#
Avnet, Inc.
  5,178   237,567
*
Cerence, Inc.
  658   16,134
*
Ciena Corp.
  76,253   3,966,681
 
Cognizant Technology Solutions Corp., Class A
  1,994,361   133,123,597
 
Concentrix Corp.
  93,788   13,300,076
 
Corning, Inc.
  3,991,170   138,134,394
 
Dolby Laboratories, Inc., Class A
  16,857   1,341,143
*
DXC Technology Co.
  324,844   9,332,768
 
Fidelity National Information Services, Inc.
  665,494   49,938,670
# *
First Solar, Inc.
  93,364   16,581,446
*
Fiserv, Inc.
  547,458   58,402,819
# *
Flex Ltd.
  1,338,622   31,256,824
 
Global Payments, Inc.
  247,994   27,953,884
 
Hewlett Packard Enterprise Co.
  6,265,120   101,056,386
 
HP, Inc.
  9,328,511   271,832,810
 
Intel Corp.
  9,614,462   271,704,696
 
International Business Machines Corp.
  102,847   13,856,576
#
Jabil, Inc.
  224,226   17,630,890
 
Juniper Networks, Inc.
  922,810   29,806,763
*
Kyndryl Holdings, Inc.
  59,502   796,732
 
Marvell Technology, Inc.
  1,003,660   43,307,929
 
Microchip Technology, Inc.
  2,564   199,018
 
Micron Technology, Inc.
  3,670,413   221,325,904
#
MKS Instruments, Inc.
  1,502   153,685
*
ON Semiconductor Corp.
  691,788   50,811,829
*
PayPal Holdings, Inc.
  178,531   14,548,491
*
Qorvo, Inc.
  511,928   55,626,096
 
Roper Technologies, Inc.
  14,446   6,164,830
*
Salesforce, Inc.
  633,045   106,332,569
 
Skyworks Solutions, Inc.
  309,482   33,940,891
 
SS&C Technologies Holdings, Inc.
  382,266   23,069,753
 
TD SYNNEX Corp.
  93,788   9,580,444
 
TE Connectivity Ltd.
  984,671   125,200,918
*
Teledyne Technologies, Inc.
  30,642   13,000,175
*
Western Digital Corp.
  887,149   38,990,199
TOTAL INFORMATION TECHNOLOGY
      2,197,299,182
MATERIALS — (8.5%)
 
Air Products & Chemicals, Inc.
  334,631   107,252,582
 
Albemarle Corp.
  489,084   137,652,692
 
Amcor PLC
  1,177,510   14,200,771
# *
Arconic Corp.
  21,469   504,736
 
Ball Corp.
  644   37,507
 
Celanese Corp.
  56,404   6,948,973
 
CF Industries Holdings, Inc.
  607,999   51,497,515
The U.S. Large Cap Value Series
CONTINUED
      Shares   Value†
MATERIALS — (Continued)
# *
Cleveland-Cliffs, Inc.
  409,416   $8,741,032
 
Corteva, Inc.
  1,046,714   67,460,717
 
Dow, Inc.
  2,737,901   162,494,424
 
DuPont de Nemours, Inc.
  544,663   40,277,829
 
Eastman Chemical Co.
  811,350   71,536,730
 
FMC Corp.
  25,480   3,392,152
 
Freeport-McMoRan, Inc.
  4,809,107   214,582,354
#
Huntsman Corp.
  8,221   260,524
 
International Flavors & Fragrances, Inc.
  367,438   41,322,077
#
International Paper Co.
  2,073,880   86,729,662
 
Linde PLC
  775,637   256,689,309
 
LyondellBasell Industries NV, Class A
  1,189,605   115,022,907
 
Martin Marietta Materials, Inc.
  193,622   69,634,216
 
Mosaic Co.
  838,015   41,515,263
 
Newmont Corp.
  2,114,647   111,928,266
 
Nucor Corp.
  1,985,067   335,516,024
#
Packaging Corp. of America
  118,167   16,862,431
 
PPG Industries, Inc.
  2,452   319,594
 
Reliance Steel & Aluminum Co.
  434,112   98,738,774
#
Royal Gold, Inc.
  6,364   808,419
 
Sonoco Products Co.
  14,629   893,978
 
Steel Dynamics, Inc.
  1,686,863   203,503,152
#
Sylvamo Corp.
  130,611   6,207,941
 
Valvoline, Inc.
  139,743   5,122,978
 
Vulcan Materials Co.
  428,297   78,519,689
#
Westlake Corp.
  370,962   45,535,586
 
WestRock Co.
  591,672   23,217,209
TOTAL MATERIALS
      2,424,928,013
REAL ESTATE — (0.5%)
*
CBRE Group, Inc., Class A
  995,226   85,101,775
*
Jones Lang LaSalle, Inc.
  216,488   40,022,137
TOTAL REAL ESTATE
      125,123,912
UTILITIES — (0.2%)
 
NRG Energy, Inc.
  1,165,655   39,888,714
 
Vistra Corp.
  1,080,745   24,921,980
TOTAL UTILITIES
      64,810,694
TOTAL COMMON STOCKS

Cost ($15,985,461,968)
      27,814,368,517
    
         
TEMPORARY CASH INVESTMENTS — (0.8%)
 
State Street Institutional U.S. Government Money Market Fund 4.180%
  211,151,250 211,151,250
SECURITIES LENDING COLLATERAL — (1.3%)
@ §
The DFA Short Term Investment Fund
  32,580,865 376,895,446
TOTAL INVESTMENTS — (100.0%)  
(Cost $16,573,465,131)^^
    $28,402,415,213
    
† See Security Valuation Note within the Notes to Schedules of Investments.
# Total or Partial Securities on Loan.
* Non-Income Producing Securities.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
The U.S. Large Cap Value Series
CONTINUED
As of January 31, 2023, The U.S. Large Cap Value Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
S&P 500® Emini Index
  970   03/17/23   $196,149,672   $198,365,001   $2,215,329
Total Futures Contracts
          $196,149,672   $198,365,001   $2,215,329
Summary of the Series' investments as of January 31, 2023, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Communication Services
$2,320,251,937   —   —   $2,320,251,937
Consumer Discretionary
1,594,374,326   —   —   1,594,374,326
Consumer Staples
1,395,718,701   —   —   1,395,718,701
Energy
4,267,727,227   —   —   4,267,727,227
Financials
5,749,377,799   —   —   5,749,377,799
Health Care
4,382,529,039   —   —   4,382,529,039
Industrials
3,292,227,687   —   —   3,292,227,687
Information Technology
2,197,299,182   —   —   2,197,299,182
Materials
2,424,928,013   —   —   2,424,928,013
Real Estate
125,123,912   —   —   125,123,912
Utilities
64,810,694   —   —   64,810,694
Temporary Cash Investments
211,151,250   —   —   211,151,250
Securities Lending Collateral
—   $376,895,446   —   376,895,446
Futures Contracts**
2,215,329   —   —   2,215,329
TOTAL
$28,027,735,096   $376,895,446   —   $28,404,630,542
** Valued at the unrealized appreciation/(depreciation) on the investment.
The DFA International Value Series
SCHEDULE OF INVESTMENTS
January 31, 2023
(Unaudited)
      Shares   Value»
COMMON STOCKS — (97.2%)
AUSTRALIA — (7.5%)
*
Allkem Ltd.
  18,002   $167,129
*
AMP Ltd.
  2,083,483   1,976,404
 
Ampol Ltd.
  37,110   804,763
 
Ansell Ltd.
  68,828   1,375,566
 
Aurizon Holdings Ltd.
  8,111,517   21,201,550
#
Australia & New Zealand Banking Group Ltd.
  7,347,638   130,761,430
 
Bank of Queensland Ltd.
  1,687,416   8,344,018
 
Beach Energy Ltd.
  7,293,526   7,837,524
#
Bendigo & Adelaide Bank Ltd.
  1,066,408   7,601,790
 
BlueScope Steel Ltd.
  3,217,376   43,873,684
 
Boral Ltd.
  1   2
 
Challenger Ltd.
  782,323   4,010,783
 
Cleanaway Waste Management Ltd.
  6,684,980   12,953,172
 
Downer EDI Ltd.
  1,598,814   4,278,512
 
Evolution Mining Ltd.
  4,135,415   9,397,335
 
Fortescue Metals Group Ltd.
  121,803   1,923,946
 
Harvey Norman Holdings Ltd.
  2,695,782   8,558,404
#
IGO Ltd.
  185,805   1,931,493
 
Incitec Pivot Ltd.
  7,095,295   17,349,485
 
Lendlease Corp. Ltd.
  1,303,875   7,961,858
 
National Australia Bank Ltd.
  5,228,713   117,981,356
#
New Hope Corp. Ltd.
  534,238   2,214,100
 
Newcrest Mining Ltd.
  1,789,020   28,425,908
 
Nine Entertainment Co. Holdings Ltd.
  1,462,623   2,116,166
 
Northern Star Resources Ltd.
  1,646,740   14,673,310
 
Orica Ltd.
  708,934   7,439,237
 
Origin Energy Ltd.
  3,364,446   17,863,760
 
OZ Minerals Ltd.
  779,352   15,436,507
 
Premier Investments Ltd.
  19,252   380,694
 
QBE Insurance Group Ltd.
  976,946   9,531,979
 
Qube Holdings Ltd.
  905,253   1,968,452
 
Rio Tinto Ltd.
  500,543   44,917,355
 
Santos Ltd.
  9,204,868   46,989,670
 
Seven Group Holdings Ltd.
  186,936   3,008,684
 
Sonic Healthcare Ltd.
  116,979   2,620,043
 
South32 Ltd.
  13,513,440   43,363,666
 
Suncorp Group Ltd.
  3,892,309   34,600,065
 
TPG Telecom Ltd.
  450,905   1,541,998
Ω
Viva Energy Group Ltd.
  3,127,514   6,465,907
 
Westpac Banking Corp.
  6,919,852   116,432,518
 
Whitehaven Coal Ltd.
  5,022,173   29,862,527
#
Woodside Energy Group Ltd.
  3,456,203   89,494,478
 
Worley Ltd.
  905,249   9,937,516
#
Yancoal Australia Ltd.
  41,805   174,065
TOTAL AUSTRALIA
      939,748,809
AUSTRIA — (0.1%)
 
Erste Group Bank AG
  239,423   9,084,698
*
Raiffeisen Bank International AG
  24,847   447,051
TOTAL AUSTRIA
      9,531,749
BELGIUM — (0.7%)
 
Ageas SA
  382,351   18,667,127
 
KBC Group NV
  557,629   41,302,059
The DFA International Value Series
CONTINUED
      Shares   Value»
BELGIUM — (Continued)
 
Solvay SA
  209,383   $24,399,713
 
UCB SA
  14,206   1,166,378
TOTAL BELGIUM
      85,535,277
CANADA — (9.5%)
#
Agnico Eagle Mines Ltd.
  607,528   34,313,181
 
AltaGas Ltd.
  424,078   7,929,849
 
ARC Resources Ltd.
  1,055,555   12,264,763
 
Bank of Montreal
  1,333,134   134,166,597
#
Bank of Nova Scotia
  2,546,098   137,822,728
 
Barrick Gold Corp.
  2,476,558   48,417,670
 
Canadian Imperial Bank of Commerce
  1,943,976   88,728,022
#
Cenovus Energy, Inc.
  1,089,694   21,771,697
#
Endeavour Mining PLC
  791,919   18,658,946
#
Fairfax Financial Holdings Ltd.
  97,836   64,770,807
 
First Quantum Minerals Ltd.
  1,712,520   39,732,055
 
Great-West Lifeco, Inc.
  464,849   12,329,128
 
iA Financial Corp., Inc.
  322,981   19,936,439
 
IGM Financial, Inc.
  17,720   553,088
 
Imperial Oil Ltd.
  385,121   21,089,226
#
Kinross Gold Corp.
  4,622,914   21,506,774
 
Lundin Mining Corp.
  2,996,201   22,676,145
#
Magna International, Inc.
  752,818   48,888,001
#
Manulife Financial Corp.
  2,453,743   48,578,017
*
MEG Energy Corp.
  514,104   8,496,597
#
Nutrien Ltd.
  1,029,036   85,193,874
 
Onex Corp.
  183,522   9,485,407
 
Sun Life Financial, Inc.
  131,778   6,619,209
 
Suncor Energy, Inc.
  3,330,441   115,616,400
#
Teck Resources Ltd.,Class B
  2,053,944   88,935,649
 
Tourmaline Oil Corp.
  564,266   26,297,497
 
West Fraser Timber Co. Ltd.
  247,686   21,536,616
#
Whitecap Resources, Inc.
  1,979,132   16,495,866
TOTAL CANADA
      1,182,810,248
CHINA — (0.0%)
Ω
BOC Aviation Ltd.
  220,100   1,832,982
DENMARK — (2.0%)
 
AP Moller - Maersk AS, Class A
  6,364   13,561,362
 
AP Moller - Maersk AS, Class B
  7,912   17,210,907
 
Carlsberg AS, Class B
  349,092   49,557,664
 
Chr Hansen Holding AS
  158,680   11,716,124
 
Danske Bank AS
  945,349   19,694,991
*
Demant AS
  108,509   3,071,532
 
DSV AS
  379,252   62,739,670
*
Genmab AS
  20,848   8,170,257
 
Rockwool AS, Class B
  7,247   2,077,803
 
ROCKWOOL AS, Class A
  91   26,070
 
Tryg AS
  336,476   7,721,483
 
Vestas Wind Systems AS
  1,868,044   54,661,946
TOTAL DENMARK
      250,209,809
FINLAND — (1.1%)
 
Nokia Oyj
  4,351,573   20,633,052
#
Nokia Oyj, Sponsored ADR
  1,331,054   6,335,817
 
Nordea Bank Abp
  4,650,797   54,403,725
 
Stora Enso Oyj, Class R
  1,696,368   24,250,208
The DFA International Value Series
CONTINUED
      Shares   Value»
FINLAND — (Continued)
 
UPM-Kymmene Oyj
  700,891   $25,404,646
TOTAL FINLAND
      131,027,448
FRANCE — (10.7%)
*
Accor SA
  268,063   8,700,780
#
Alstom SA
  339,734   10,102,047
Ω
Amundi SA
  62,742   4,107,717
 
Arkema SA
  235,866   23,866,747
 
AXA SA
  2,528,587   78,889,440
 
BNP Paribas SA
  1,819,966   124,998,691
 
Bollore SE
  1,793,750   10,036,701
#
Bouygues SA
  1,023,747   33,726,258
 
Carrefour SA
  2,495,917   47,474,754
 
Cie de Saint-Gobain
  1,784,858   102,506,474
 
Cie Generale des Etablissements Michelin SCA
  2,521,000   79,713,531
 
Credit Agricole SA
  1,088,951   13,112,314
 
Eiffage SA
  259,883   27,758,249
 
Electricite de France SA
  117,821   1,547,585
 
Engie SA
  3,701,762   52,564,516
 
Eurazeo SE
  21,491   1,507,533
*
Faurecia SE
  61,470   1,210,925
 
Orange SA
  7,137,374   75,533,049
*
Publicis Groupe SA
  702,589   49,560,366
*
Renault SA
  540,715   21,985,171
*
Rexel SA
  319,588   7,070,054
 
Sanofi
  633,405   62,025,820
 
Societe Generale SA
  2,080,067   61,916,461
#
TotalEnergies SE
  6,840,726   422,898,853
 
Vinci SA
  24,438   2,761,238
 
Vivendi SE
  324,425   3,484,251
* Ω
Worldline SA
  40,901   1,855,510
TOTAL FRANCE
      1,330,915,035
GERMANY — (6.4%)
 
BASF SE
  1,843,128   105,676,521
 
Bayer AG
  1,164,134   72,461,445
 
Bayerische Motoren Werke AG
  963,571   98,153,810
*
Commerzbank AG
  4,359,162   49,831,471
 
Continental AG
  255,898   17,967,931
Ω
Covestro AG
  638,137   29,382,697
*
Daimler Truck Holding AG
  1,284,137   43,151,650
#
Deutsche Bank AG
  3,421,901   45,718,576
*
Deutsche Lufthansa AG
  524,114   5,552,836
Ω
DWS Group GmbH & Co. KGaA
  18,748   674,348
 
E.ON SE
  400,807   4,369,963
 
Evonik Industries AG
  449,221   9,985,527
 
Fresenius Medical Care AG & Co. KGaA
  334,517   12,562,675
 
Fresenius SE & Co. KGaA
  862,748   25,003,176
 
HeidelbergCement AG
  448,245   30,757,410
 
Mercedes-Benz Group AG
  2,636,283   196,171,161
#
RTL Group SA
  3,228   156,626
# *
Siemens Energy AG
  453,468   9,481,475
*
Talanx AG
  152,426   7,540,627
 
Telefonica Deutschland Holding AG
  4,563,070   13,439,938
 
Volkswagen AG
  111,321   19,485,642
TOTAL GERMANY
      797,525,505
The DFA International Value Series
CONTINUED
      Shares   Value»
HONG KONG — (2.2%)
 
BOC Hong Kong Holdings Ltd.
  6,049,000   $21,140,572
# *
Cathay Pacific Airways Ltd.
  7,360,999   7,336,062
 
CK Asset Holdings Ltd.
  4,895,803   31,301,361
 
CK Hutchison Holdings Ltd.
  7,469,484   47,535,431
 
CK Infrastructure Holdings Ltd.
  743,000   4,133,719
Ω
ESR Group Ltd.
  39,000   78,081
 
Hang Lung Properties Ltd.
  6,065,000   11,435,830
 
Hang Seng Bank Ltd.
  290,300   4,834,428
 
Henderson Land Development Co. Ltd.
  2,671,485   9,868,452
 
HKT Trust & HKT Ltd.
  1,300,000   1,703,229
 
MTR Corp. Ltd.
  2,970,433   15,896,293
 
New World Development Co. Ltd.
  4,946,042   14,783,238
#
Sino Land Co. Ltd.
  12,032,808   15,636,360
 
Sun Hung Kai Properties Ltd.
  3,517,920   49,889,806
 
Swire Pacific Ltd., Class A
  1,084,500   9,938,238
 
Swire Pacific Ltd., Class B
  2,672,500   3,695,780
Ω
WH Group Ltd.
  30,841,696   18,994,302
 
Xinyi Glass Holdings Ltd.
  1,224,000   2,606,051
TOTAL HONG KONG
      270,807,233
IRELAND — (0.5%)
 
AIB Group PLC
  383,191   1,609,628
 
Bank of Ireland Group PLC
  651,381   6,959,253
 
CRH PLC
  293,793   13,726,757
#
CRH PLC, Sponsored ADR
  728,717   34,307,996
# *,*
Flutter Entertainment PLC
  39,961   6,200,916
TOTAL IRELAND
      62,804,550
ISRAEL — (0.5%)
 
Bank Hapoalim BM
  1,986,735   17,881,718
 
Bank Leumi Le-Israel BM
  493,637   4,362,459
*
Delek Group Ltd.
  28,611   3,106,408
 
Harel Insurance Investments & Financial Services Ltd.
  600,083   5,805,042
 
Israel Discount Bank Ltd., Class A
  2,720,329   13,913,704
*
Migdal Insurance & Financial Holdings Ltd.
  261,123   321,862
 
Phoenix Holdings Ltd.
  796,823   8,569,538
*
Teva Pharmaceutical Industries Ltd., Sponsored ADR
  1,196,765   12,613,903
TOTAL ISRAEL
      66,574,634
ITALY — (2.1%)
 
Eni SpA
  2,257,253   34,735,121
 
Intesa Sanpaolo SpA
  22,968,102   60,389,336
 
Mediobanca Banca di Credito Finanziario SpA
  517,341   5,561,389
 
Stellantis NV
  3,233,234   50,829,637
#
Stellantis NV
  1,905,996   29,962,257
*
Telecom Italia SpA, Sponsored ADR
  1,610,365   4,653,955
 
UniCredit SpA
  4,159,978   81,249,097
TOTAL ITALY
      267,380,792
JAPAN — (19.0%)
 
Acom Co. Ltd.
  117,400   292,659
 
AEON Financial Service Co. Ltd.
  37,200   377,078
 
AGC, Inc.
  895,500   32,995,420
 
Air Water, Inc.
  37,000   452,697
 
Aisin Corp.
  609,000   17,767,884
 
Alfresa Holdings Corp.
  202,200   2,530,936
 
Alps Alpine Co. Ltd.
  388,778   3,983,414
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Amada Co. Ltd.
  907,100   $8,148,266
#
Aozora Bank Ltd.
  253,300   5,064,530
 
Asahi Group Holdings Ltd.
  147,200   4,860,874
 
Asahi Kasei Corp.
  3,020,700   22,889,751
 
Bank of Kyoto Ltd.
  113,679   5,289,274
 
Bridgestone Corp.
  583,700   21,791,383
 
Brother Industries Ltd.
  498,800   7,747,498
 
Canon Marketing Japan, Inc.
  158,500   3,762,067
 
Canon, Inc.
  601,800   13,355,352
 
Chiba Bank Ltd.
  1,064,000   8,050,653
 
Coca-Cola Bottlers Japan Holdings, Inc.
  205,857   2,167,441
 
COMSYS Holdings Corp.
  23,300   444,387
 
Concordia Financial Group Ltd.
  2,530,100   11,118,176
 
Cosmo Energy Holdings Co. Ltd.
  273,700   7,675,634
 
Credit Saison Co. Ltd.
  393,600   5,156,737
 
Dai Nippon Printing Co. Ltd.
  457,000   10,789,606
 
Daicel Corp.
  457,800   3,377,780
 
Dai-ichi Life Holdings, Inc.
  1,226,047   28,766,451
 
Daiwa House Industry Co. Ltd.
  444,500   10,674,673
 
Daiwa Securities Group, Inc.
  3,723,000   17,569,200
 
Denka Co. Ltd.
  234,800   4,870,840
 
DIC Corp.
  246,600   4,584,794
 
Dowa Holdings Co. Ltd.
  195,100   6,811,555
 
Ebara Corp.
  13,400   568,958
 
ENEOS Holdings, Inc.
  8,814,203   31,556,577
 
Ezaki Glico Co. Ltd.
  8,100   226,345
 
Fuji Media Holdings, Inc.
  30,600   258,450
 
FUJIFILM Holdings Corp.
  24,800   1,312,444
 
Fujikura Ltd.
  47,500   361,065
 
Fukuoka Financial Group, Inc.
  386,600   8,919,485
 
Hachijuni Bank Ltd.
  244,000   1,059,782
 
Hankyu Hanshin Holdings, Inc.
  581,700   17,289,538
 
Haseko Corp.
  510,100   5,901,432
*
Hino Motors Ltd.
  840,100   3,593,560
 
Hitachi Construction Machinery Co. Ltd.
  230,800   5,443,029
 
Hitachi Ltd.
  228,200   11,967,367
 
Honda Motor Co. Ltd.
  3,522,000   87,121,993
 
House Foods Group, Inc.
  2,800   59,739
 
Hulic Co. Ltd.
  28,500   234,264
 
Idemitsu Kosan Co. Ltd.
  602,938   15,073,913
 
Iida Group Holdings Co. Ltd.
  674,550   11,245,057
 
Inpex Corp.
  2,704,683   29,720,785
 
Isetan Mitsukoshi Holdings Ltd.
  549,300   5,976,783
 
Isuzu Motors Ltd.
  1,471,000   18,601,295
 
ITOCHU Corp.
  598,500   19,344,608
 
Iwatani Corp.
  82,400   3,551,538
 
J Front Retailing Co. Ltd.
  712,300   6,633,994
#
Japan Post Bank Co. Ltd.
  56,300   500,218
 
Japan Post Holdings Co. Ltd.
  1,397,610   12,270,259
 
Japan Post Insurance Co. Ltd.
  134,400   2,397,691
 
JFE Holdings, Inc.
  1,387,295   18,292,385
 
JGC Holdings Corp.
  257,700   3,366,092
 
JTEKT Corp.
  572,800   4,246,335
 
Kajima Corp.
  855,600   10,507,860
 
Kamigumi Co. Ltd.
  342,200   7,000,212
 
Kaneka Corp.
  231,308   6,072,857
 
Kawasaki Heavy Industries Ltd.
  677,300   15,498,390
#
Kawasaki Kisen Kaisha Ltd.
  101,100   2,111,055
 
Kewpie Corp.
  7,000   121,873
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Kinden Corp.
  222,800   $2,553,632
 
Kobe Steel Ltd.
  60,200   324,329
 
Koito Manufacturing Co. Ltd.
  62,800   1,059,321
 
Kokuyo Co. Ltd.
  20,200   288,035
 
Komatsu Ltd.
  1,070,600   26,309,417
 
Konica Minolta, Inc.
  239,100   1,002,019
 
K's Holdings Corp.
  403,300   3,565,543
 
Kuraray Co. Ltd.
  1,408,691   11,659,805
 
Kyocera Corp.
  179,600   9,319,696
 
Lixil Corp.
  961,800   16,604,303
 
Mabuchi Motor Co. Ltd.
  73,100   2,093,607
 
Makita Corp.
  122,700   3,268,339
 
Marubeni Corp.
  2,948,900   36,178,803
 
Maruichi Steel Tube Ltd.
  15,500   333,750
 
Mazda Motor Corp.
  1,045,000   8,318,186
 
Mebuki Financial Group, Inc.
  1,302,120   3,391,783
 
Medipal Holdings Corp.
  329,250   4,395,811
 
Mitsubishi Chemical Group Corp.
  3,775,900   21,188,256
 
Mitsubishi Corp.
  2,030,200   67,983,180
 
Mitsubishi Electric Corp.
  2,250,900   24,806,609
 
Mitsubishi Estate Co. Ltd.
  84,800   1,089,944
 
Mitsubishi Gas Chemical Co., Inc.
  727,100   10,624,756
 
Mitsubishi HC Capital, Inc.
  2,653,300   13,542,832
 
Mitsubishi Heavy Industries Ltd.
  724,500   28,407,615
 
Mitsubishi Logistics Corp.
  89,600   2,092,283
 
Mitsubishi Materials Corp.
  79,200   1,360,400
# *
Mitsubishi Motors Corp.
  1,740,000   6,704,049
#
Mitsubishi UFJ Financial Group, Inc., Sponsored ADR
  1,968,045   14,504,492
 
Mitsubishi UFJ Financial Group, Inc.
  10,193,750   74,668,003
 
Mitsui & Co. Ltd., Sponsored ADR
  10,334   6,102,227
 
Mitsui & Co. Ltd.
  1,590,000   46,909,343
 
Mitsui Chemicals, Inc.
  823,660   19,387,736
 
Mitsui Fudosan Co. Ltd.
  941,100   17,639,642
#
Mitsui OSK Lines Ltd.
  885,300   21,972,007
 
Mizuho Financial Group, Inc.
  2,369,480   37,012,342
 
MS&AD Insurance Group Holdings, Inc.
  445,453   14,287,332
 
Nagase & Co. Ltd.
  21,700   350,180
 
NEC Corp.
  780,910   28,212,412
 
NGK Insulators Ltd.
  296,700   4,106,710
 
NGK Spark Plug Co. Ltd.
  315,000   6,155,451
 
NH Foods Ltd.
  317,767   9,540,034
 
Nikon Corp.
  695,200   6,863,992
 
Nippon Electric Glass Co. Ltd.
  131,500   2,442,006
 
Nippon Express Holdings, Inc.
  308,324   17,892,867
 
Nippon Shokubai Co. Ltd.
  64,300   2,722,148
 
Nippon Steel Corp.
  1,185,793   24,681,951
#
Nippon Yusen KK
  709,500   16,878,190
 
Nissan Motor Co. Ltd.
  4,749,500   17,064,665
 
Nisshin Seifun Group, Inc.
  188,500   2,361,055
 
Nomura Holdings, Inc.
  3,219,302   12,847,687
 
Nomura Real Estate Holdings, Inc.
  521,500   11,494,092
 
NSK Ltd.
  1,027,500   5,779,031
 
Obayashi Corp.
  2,272,082   17,623,910
 
Oji Holdings Corp.
  3,568,100   14,746,061
 
ORIX Corp.
  2,089,800   36,744,913
 
Otsuka Holdings Co. Ltd.
  128,400   4,119,124
 
Panasonic Holdings Corp.
  3,734,599   34,632,312
 
Resona Holdings, Inc.
  2,821,139   15,611,404
 
Resonac Holdings Corp.
  515,700   8,813,614
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
#
Ricoh Co. Ltd.
  1,414,100   $10,977,116
 
Rinnai Corp.
  12,700   1,002,411
 
Rohm Co. Ltd.
  93,500   7,492,294
 
Sankyo Co. Ltd.
  30,300   1,223,866
 
SBI Holdings, Inc.
  249,899   5,297,682
 
SBI Shinsei Bank Ltd.
  61,300   1,130,636
 
Seiko Epson Corp.
  794,400   12,319,553
 
Seino Holdings Co. Ltd.
  437,400   4,368,304
 
Sekisui Chemical Co. Ltd.
  206,700   2,895,513
#
Sekisui House Ltd.
  1,537,800   29,063,281
 
Shimamura Co. Ltd.
  61,300   5,756,724
 
Shimizu Corp.
  936,400   5,249,172
 
Shizuoka Financial Group, Inc.
  851,000   7,209,360
 
SoftBank Group Corp.
  371,900   17,606,510
 
Sohgo Security Services Co. Ltd.
  15,800   435,004
 
Sojitz Corp.
  681,440   13,510,440
 
Sompo Holdings, Inc.
  441,156   18,991,275
 
Stanley Electric Co. Ltd.
  335,400   7,218,226
 
Subaru Corp.
  1,069,484   17,573,371
 
Sumitomo Chemical Co. Ltd.
  7,919,600   30,400,426
 
Sumitomo Corp.
  1,312,600   23,561,077
 
Sumitomo Electric Industries Ltd.
  2,834,000   34,053,798
 
Sumitomo Forestry Co. Ltd.
  598,600   11,192,323
 
Sumitomo Heavy Industries Ltd.
  487,894   10,849,423
 
Sumitomo Metal Mining Co. Ltd.
  584,364   23,727,064
 
Sumitomo Mitsui Financial Group, Inc.
  1,282,500   55,738,815
 
Sumitomo Mitsui Trust Holdings, Inc.
  467,344   17,024,689
 
Sumitomo Pharma Co. Ltd.
  333,431   2,344,308
#
Sumitomo Realty & Development Co. Ltd.
  378,500   9,226,743
#
Sumitomo Rubber Industries Ltd.
  756,200   6,713,368
 
Suzuken Co. Ltd.
  85,000   2,238,738
 
Suzuki Motor Corp.
  425,800   15,964,172
 
T&D Holdings, Inc.
  47,500   760,297
 
Taiheiyo Cement Corp.
  130,700   2,252,410
 
Taisei Corp.
  215,600   7,442,936
 
Taisho Pharmaceutical Holdings Co. Ltd.
  38,900   1,636,355
 
Takeda Pharmaceutical Co. Ltd.
  2,595,871   81,607,352
 
TBS Holdings, Inc.
  70,800   826,549
 
TDK Corp.
  337,600   12,061,185
 
Teijin Ltd.
  818,590   8,405,550
 
THK Co. Ltd.
  92,400   1,960,944
 
Toda Corp.
  537,800   2,933,421
 
Tokai Carbon Co. Ltd.
  40,000   345,106
 
Tokyo Century Corp.
  100,200   3,523,147
 
Tokyo Tatemono Co. Ltd.
  870,300   10,789,551
 
Tokyu Fudosan Holdings Corp.
  2,556,700   12,973,288
 
Toppan, Inc.
  599,800   9,664,081
 
Toray Industries, Inc.
  2,976,000   18,284,687
 
Tosoh Corp.
  1,241,700   16,245,671
 
Toyo Seikan Group Holdings Ltd.
  416,349   5,404,574
 
Toyo Tire Corp.
  52,000   622,100
 
Toyoda Gosei Co. Ltd.
  272,500   4,524,609
 
Toyota Boshoku Corp.
  47,400   703,031
 
Toyota Industries Corp.
  155,700   9,477,867
 
Toyota Motor Corp.
  10,862,850   159,528,694
 
Toyota Tsusho Corp.
  586,400   24,829,437
 
Tsumura & Co.
  24,700   528,137
 
Yamada Holdings Co. Ltd.
  1,918,800   6,967,101
 
Yamaha Motor Co. Ltd.
  893,600   22,009,978
The DFA International Value Series
CONTINUED
      Shares   Value»
JAPAN — (Continued)
 
Yamato Kogyo Co. Ltd.
  54,200   $2,054,269
 
Yamazaki Baking Co. Ltd.
  325,600   3,809,428
 
Yokohama Rubber Co. Ltd.
  563,500   9,257,650
#
Z Holdings Corp.
  1,456,300   4,237,423
 
Zeon Corp.
  404,300   3,976,903
TOTAL JAPAN
      2,366,406,887
NETHERLANDS — (3.9%)
Ω
ABN AMRO Bank NV, CVA
  509,108   8,449,944
 
Aegon NV
  3,153,912   17,396,319
 
Aegon NV, Class NY
  413,726   2,267,219
 
Akzo Nobel NV
  420,445   31,316,806
 
ArcelorMittal SA
  652,213   20,233,544
#
ArcelorMittal SA
  931,574   28,822,903
 
ASR Nederland NV
  413,400   19,566,838
 
Coca-Cola Europacific Partners PLC
  84,349   4,722,461
 
Heineken NV
  169,387   16,928,350
 
ING Groep NV
  4,971,616   71,990,295
#
JDE Peet's NV
  256,784   7,696,570
 
Koninklijke Ahold Delhaize NV
  4,054,901   121,026,487
 
Koninklijke DSM NV
  327,831   42,159,718
 
Koninklijke KPN NV
  4,007,248   13,700,152
 
Koninklijke Philips NV
  991,539   17,119,368
 
Koninklijke Philips NV
  33,022   565,337
 
NN Group NV
  695,023   30,197,412
*
OCI NV
  84,204   2,866,342
 
Randstad NV
  338,457   21,694,532
 
Stellantis NV
  208,034   3,270,295
TOTAL NETHERLANDS
      481,990,892
NEW ZEALAND — (0.2%)
*
Auckland International Airport Ltd.
  1,979,607   10,894,840
 
Chorus Ltd.
  297,294   1,608,848
 
EBOS Group Ltd.
  218,773   6,098,698
 
Fletcher Building Ltd.
  1,485,793   4,892,640
#
Fonterra Co-operative Group Ltd.
  293,628   613,967
 
Ryman Healthcare Ltd.
  193,320   863,397
 
Summerset Group Holdings Ltd.
  437,306   2,769,433
TOTAL NEW ZEALAND
      27,741,823
NORWAY — (0.9%)
*
Adevinta ASA
  53,248   456,486
#
Aker ASA, Class A
  9,016   651,921
 
Austevoll Seafood ASA
  164,785   1,632,467
 
DNB Bank ASA
  1,885,402   35,256,199
* Ω
Elkem ASA
  809,310   2,866,731
#
Frontline PLC
  84,273   1,161,227
#
Golden Ocean Group Ltd.
  787,356   7,532,386
 
Norsk Hydro ASA
  2,813,185   22,808,876
 
Orkla ASA
  313,001   2,336,777
 
Schibsted ASA, Class A
  22,101   482,661
 
Schibsted ASA, Class B
  20,602   430,683
 
SpareBank 1 SR-Bank ASA
  329,406   3,819,229
 
Storebrand ASA
  1,260,839   10,976,314
 
Subsea 7 SA
  453,890   5,656,412
 
Wallenius Wilhelmsen ASA
  587,212   5,572,687
The DFA International Value Series
CONTINUED
      Shares   Value»
NORWAY — (Continued)
 
Yara International ASA
  290,501   $12,907,332
TOTAL NORWAY
      114,548,388
PORTUGAL — (0.1%)
*
Banco Espirito Santo SA
  2,631,973   0
 
EDP Renovaveis SA
  398,808   8,674,505
 
Galp Energia SGPS SA
  553,452   7,575,675
TOTAL PORTUGAL
      16,250,180
SINGAPORE — (1.0%)
 
City Developments Ltd.
  1,511,600   9,593,865
 
Frasers Property Ltd.
  492,700   341,394
 
Hongkong Land Holdings Ltd.
  2,134,200   10,433,619
 
Keppel Corp. Ltd.
  6,323,200   36,507,995
 
Olam Group Ltd.
  399,410   485,617
 
Oversea-Chinese Banking Corp. Ltd.
  2,424,400   23,953,915
 
Singapore Airlines Ltd.
  3,794,200   17,156,860
 
Singapore Land Group Ltd.
  679,570   1,166,218
 
UOL Group Ltd.
  1,698,674   9,063,388
 
Wilmar International Ltd.
  6,663,900   20,718,201
 
Yangzijiang Shipbuilding Holdings Ltd.
  66,800   65,855
TOTAL SINGAPORE
      129,486,927
SPAIN — (2.1%)
 
Banco Bilbao Vizcaya Argentaria SA
  7,144,740   50,468,816
 
Banco Bilbao Vizcaya Argentaria SA, Sponsored ADR
  1,225,868   8,654,628
 
Banco Santander SA
  31,583,925   110,383,901
 
Banco Santander SA, Sponsored ADR
  219,342   756,730
 
CaixaBank SA
  3,327,631   14,764,564
 
Repsol SA
  4,381,555   71,975,078
TOTAL SPAIN
      257,003,717
SWEDEN — (2.7%)
 
Billerud AB
  671,128   7,796,650
*
Boliden AB
  1,135,291   50,948,429
 
Bure Equity AB
  93,101   2,345,048
Ω
Dometic Group AB
  248,482   1,565,949
#
Electrolux AB, Class B
  418,405   5,926,224
 
Essity AB, Class B
  75,549   1,973,652
 
Getinge AB, Class B
  79,109   1,782,134
 
Holmen AB, Class A
  5,562   233,768
 
Holmen AB, Class B
  176,174   7,266,397
 
Husqvarna AB, Class B
  602,705   5,127,745
 
Intrum AB
  9,288   120,201
 
Loomis AB
  117,332   3,489,150
*
Millicom International Cellular SA, SDR
  349,452   5,987,280
*
Pandox AB
  106,891   1,471,666
 
Peab AB, Class B
  334,177   2,085,413
 
Saab AB, Class B
  158,640   6,494,480
 
Securitas AB, Class B
  531,310   4,863,376
# * Ω
Sinch AB
  19,715   81,501
 
Skandinaviska Enskilda Banken AB, Class A
  2,605,519   31,541,915
 
Skandinaviska Enskilda Banken AB, Class C
  14,462   194,778
 
Skanska AB, Class B
  856,373   15,115,067
 
SKF AB, Class B
  1,179,544   20,875,917
 
SSAB AB, Class A
  729,061   5,211,060
 
SSAB AB, Class B
  2,046,233   13,944,389
The DFA International Value Series
CONTINUED
      Shares   Value»
SWEDEN — (Continued)
#
Svenska Cellulosa AB SCA, Class A
  34,534   $480,827
 
Svenska Cellulosa AB SCA, Class B
  581,885   8,080,250
 
Svenska Handelsbanken AB, Class A
  1,224,329   12,767,323
#
Svenska Handelsbanken AB, Class B
  37,204   467,659
#
Swedbank AB, Class A
  973,315   18,723,091
 
Tele2 AB, Class B
  109,932   949,431
 
Telefonaktiebolaget LM Ericsson, Class B
  1,607,463   9,324,026
 
Telia Co. AB
  6,786,020   17,525,850
 
Trelleborg AB, Class B
  788,808   19,723,732
 
Volvo AB, Class A
  268,270   5,572,967
 
Volvo AB, Class B
  2,261,068   44,867,514
TOTAL SWEDEN
      334,924,859
SWITZERLAND — (9.4%)
 
ABB Ltd.
  708,359   24,661,980
 
Alcon, Inc.
  571,377   43,097,152
 
Baloise Holding AG
  105,344   17,326,231
 
Barry Callebaut AG
  484   1,011,237
 
Cie Financiere Richemont SA, Class A
  922,306   142,180,116
*
Credit Suisse Group AG
  257,594   887,381
 
Credit Suisse Group AG, Sponsored ADR
  133,383   468,174
*
Holcim AG
  1,372,633   81,950,655
*
Julius Baer Group Ltd.
  716,015   45,928,291
 
Novartis AG, Sponsored ADR
  1,596,183   144,646,104
 
Novartis AG
  1,706,093   154,246,223
*
SIG Group AG
  479,021   11,872,996
 
Swatch Group AG
  47,812   17,311,220
 
Swatch Group AG
  123,912   8,141,966
 
Swiss Life Holding AG
  69,548   41,161,822
*
Swiss Prime Site AG
  120,516   10,738,968
 
Swiss Re AG
  399,672   41,850,015
 
Swisscom AG
  94,854   56,045,013
# *,*
UBS Group AG
  7,263,744   155,188,733
 
Zurich Insurance Group AG
  348,909   172,545,440
TOTAL SWITZERLAND
      1,171,259,717
UNITED KINGDOM — (14.6%)
 
3i Group PLC
  899,988   17,558,522
 
abrdn PLC
  1,691,534   4,455,219
 
Airtel Africa PLC
  31,927   46,092
 
Anglo American PLC
  1,293,497   55,789,012
 
Associated British Foods PLC
  371,994   8,539,199
 
Aviva PLC
  9,753,485   55,008,171
 
Barclays PLC, Sponsored ADR
  7,035,082   65,285,561
 
Barclays PLC
  191,609   440,469
 
Barratt Developments PLC
  1,021,479   5,805,807
 
Bellway PLC
  17,101   447,287
 
Berkeley Group Holdings PLC
  7,801   399,471
 
BP PLC, Sponsored ADR
  2,242,651   81,251,246
 
BP PLC
  7,690,578   46,452,995
 
British American Tobacco PLC, Sponsored ADR
  838,885   32,288,684
 
British American Tobacco PLC
  3,024,009   115,921,745
 
BT Group PLC
  22,408,140   34,524,071
 
DS Smith PLC
  2,580,437   11,296,915
*
Glencore PLC
  23,897,614   160,039,499
*
Haleon PLC
  1,685,911   6,756,086
 
HSBC Holdings PLC
  13,535,003   99,730,583
#
HSBC Holdings PLC, Sponsored ADR
  2,324,211   85,856,354
The DFA International Value Series
CONTINUED
      Shares   Value»
UNITED KINGDOM — (Continued)
 
Investec PLC
  1,183,350   $7,568,059
 
J Sainsbury PLC
  7,868,098   25,516,869
 
Johnson Matthey PLC
  31,950   892,452
 
Kingfisher PLC
  7,975,671   27,515,406
 
Lloyds Banking Group PLC
  164,752,825   107,220,376
#
Lloyds Banking Group PLC, ADR
  1,844,768   4,777,949
 
M&G PLC
  2,956,890   7,384,298
 
Melrose Industries PLC
  4,376,981   7,717,349
 
NatWest Group PLC
  5,527,507   21,087,752
#
NatWest Group PLC, Sponsored ADR
  637,445   4,927,450
 
Pearson PLC
  309,149   3,525,590
 
Pearson PLC, Sponsored ADR
  1,015,920   11,479,896
 
Shell PLC
  307,658   9,032,149
 
Shell PLC, ADR
  9,015,405   530,195,968
 
Standard Chartered PLC
  5,983,569   50,259,666
 
Taylor Wimpey PLC
  1,897,348   2,752,902
 
Tesco PLC
  12,704,903   38,615,024
 
Vodafone Group PLC
  51,300,878   59,191,608
 
Vodafone Group PLC, Sponsored ADR
  1,760,686   20,388,747
TOTAL UNITED KINGDOM
      1,827,942,498
TOTAL COMMON STOCKS
      12,124,259,959
PREFERRED STOCKS — (0.8%)
GERMANY — (0.8%)
 
Bayerische Motoren Werke AG
  152,008   14,401,061
 
Porsche Automobil Holding SE
  307,547   18,390,288
 
Volkswagen AG
  489,153   67,840,955
TOTAL GERMANY
      100,632,304
TOTAL INVESTMENT SECURITIES

(Cost $10,458,498,697)
      12,224,892,263
    
        Value†
SECURITIES LENDING COLLATERAL — (2.0%)
@ §
The DFA Short Term Investment Fund
  21,877,461 253,078,465
TOTAL INVESTMENTS — (100.0%)  
(Cost $10,711,551,544)^^
    $12,477,970,728
    
ADR American Depositary Receipt
SA Special Assessment
    
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
* Non-Income Producing Securities.
# Total or Partial Securities on Loan.
Ω Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited.
† See Security Valuation Note within the Notes to Schedules of Investments.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
The DFA International Value Series
CONTINUED
As of January 31, 2023, The DFA International Value Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
S&P 500® Emini Index
  543   03/17/23   $107,800,545   $111,043,500   $3,242,955
Total Futures Contracts
          $107,800,545   $111,043,500   $3,242,955
Summary of the Series' investments as of January 31, 2023, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Australia
—   $939,748,809   —   $939,748,809
Austria
—   9,531,749   —   9,531,749
Belgium
—   85,535,277   —   85,535,277
Canada
$1,182,810,248   —   —   1,182,810,248
China
—   1,832,982   —   1,832,982
Denmark
—   250,209,809   —   250,209,809
Finland
6,335,817   124,691,631   —   131,027,448
France
—   1,330,915,035   —   1,330,915,035
Germany
19,842,915   777,682,590   —   797,525,505
Hong Kong
—   270,807,233   —   270,807,233
Ireland
34,307,996   28,496,554   —   62,804,550
Israel
12,613,903   53,960,731   —   66,574,634
Italy
34,616,212   232,764,580   —   267,380,792
Japan
20,606,719   2,345,800,168   —   2,366,406,887
Netherlands
34,925,754   447,065,138   —   481,990,892
New Zealand
—   27,741,823   —   27,741,823
Norway
1,161,227   113,387,161   —   114,548,388
Portugal
—   16,250,180   —   16,250,180
Singapore
—   129,486,927   —   129,486,927
Spain
9,411,358   247,592,359   —   257,003,717
Sweden
—   334,924,859   —   334,924,859
Switzerland
177,060,665   994,199,052   —   1,171,259,717
United Kingdom
836,451,855   991,490,643   —   1,827,942,498
Preferred Stocks              
Germany
—   100,632,304   —   100,632,304
Securities Lending Collateral
—   253,078,465   —   253,078,465
Futures Contracts**
3,242,955   —   —   3,242,955
TOTAL
$2,373,387,624   $10,107,826,059   —   $12,481,213,683
** Valued at the unrealized appreciation/(depreciation) on the investment.
The Emerging Markets Series
SCHEDULE OF INVESTMENTS
January 31, 2023
(Unaudited)
      Shares   Value»
COMMON STOCKS — (98.0%)
BRAZIL — (4.0%)
 
Ambev SA, ADR
  1,642,569   $4,369,234
 
Atacadao SA
  384,789   1,246,928
 
B3 SA - Brasil Bolsa Balcao
  2,272,571   5,801,966
 
Banco Bradesco SA
  755,221   1,877,527
 
Banco BTG Pactual SA
  643,764   2,741,796
 
Banco do Brasil SA
  396,250   3,176,994
 
Banco Santander Brasil SA
  145,083   827,404
 
BB Seguridade Participacoes SA
  353,143   2,628,242
 
Braskem SA, ADR, Class A
  57,171   527,688
 
Caixa Seguridade Participacoes SA
  263,495   451,071
 
CCR SA
  1,740,006   4,030,981
 
Centrais Eletricas Brasileiras SA
  369,541   2,959,211
 
Cia de Saneamento Basico do Estado de Sao Paulo
  163,344   1,791,015
 
Cia de Saneamento Basico do Estado de Sao Paulo, ADR
  40,965   451,025
 
Cia Energetica de Minas Gerais
  215,832   707,493
 
Cia Paranaense de Energia
  140,700   190,693
 
Cia Paranaense de Energia, Sponsored ADR
  17,400   130,326
 
Cia Paranaense de Energia
  39,800   294,876
#
Cia Siderurgica Nacional SA, Sponsored ADR
  545,056   2,005,806
 
Cia Siderurgica Nacional SA
  517,465   1,885,843
 
Cosan SA
  881,695   2,900,598
 
CPFL Energia SA
  123,300   808,349
 
Energisa SA
  228,135   1,898,766
*
Eneva SA
  273,981   647,671
 
Engie Brasil Energia SA
  59,376   460,265
 
Equatorial Energia SA
  949,986   5,243,703
 
Gerdau SA, Sponsored ADR
  905,703   5,887,070
* Ω
Hapvida Participacoes e Investimentos SA
  2,926,706   2,969,198
 
Hypera SA
  258,691   2,364,569
 
Itau Unibanco Holding SA
  217,203   922,074
 
JBS SA
  926,800   3,666,084
 
Klabin SA
  1,174,814   4,475,879
 
Localiza Rent a Car SA
  230,159   2,684,576
 
Localiza Rent a Car SA
  1,005   11,722
 
Lojas Renner SA
  659,267   2,809,122
*
Magazine Luiza SA
  1,501,902   1,310,684
 
Natura & Co. Holding SA
  928,510   2,661,352
 
Neoenergia SA
  95,100   282,136
*
Petro Rio SA
  582,205   4,828,483
 
Petroleo Brasileiro SA, Sponsored ADR
  511,889   5,282,694
 
Petroleo Brasileiro SA, Sponsored ADR
  227,883   2,643,443
 
Petroleo Brasileiro SA
  2,733,556   15,864,027
 
Porto Seguro SA
  149,774   764,168
 
Raia Drogasil SA
  443,885   2,171,200
Ω
Rede D'Or Sao Luiz SA
  83,300   523,466
 
Rumo SA
  600,806   2,175,367
 
Sendas Distribuidora SA
  848,688   3,285,212
 
Suzano SA
  522,207   4,769,126
 
Suzano SA, Sponsored ADR
  5,490   50,397
 
Telefonica Brasil SA
  217,562   1,792,337
 
TIM SA
  1,144,280   2,657,656
 
TOTVS SA
  323,491   1,916,233
 
Ultrapar Participacoes SA
  204,563   531,526
#
Vale SA, Sponsored ADR
  332,416   6,209,540
 
Vale SA
  2,364,713   44,025,961
The Emerging Markets Series
CONTINUED
      Shares   Value»
BRAZIL — (Continued)
 
Vibra Energia SA
  1,182,031   $3,832,758
 
WEG SA
  630,066   4,746,316
TOTAL BRAZIL
      188,169,847
CHILE — (0.5%)
 
Banco de Chile, ADR
  105,420   2,316,084
 
Banco de Credito e Inversiones SA
  44,205   1,332,700
#
Banco Santander Chile, ADR
  78,503   1,327,486
 
Banco Santander Chile
  557,071   23,426
 
CAP SA
  1,845   17,041
 
Cencosud SA
  1,442,234   2,591,389
 
Cencosud Shopping SA
  333,351   502,327
 
Cia Cervecerias Unidas SA
  28,160   216,674
#
Cia Cervecerias Unidas SA, Sponsored ADR
  22,534   351,756
 
Cia Sud Americana de Vapores SA
  15,213,678   1,322,423
 
Embotelladora Andina SA, ADR, Class B
  13,701   209,077
 
Empresas CMPC SA
  935,741   1,609,096
 
Empresas COPEC SA
  227,255   1,714,129
 
Enel Americas SA
  2,544,781   337,026
 
Enel Chile SA
  3,126,426   147,272
 
Falabella SA
  330,135   767,515
 
Itau CorpBanca Chile SA
  31,276,064   71,188
 
Plaza SA
  176,521   239,187
#
Sociedad Quimica y Minera de Chile SA, Sponsored ADR
  89,320   8,712,273
TOTAL CHILE
      23,808,069
CHINA — (29.2%)
 
360 Security Technology, Inc., Class A
  409,600   425,750
 
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A
  189,863   575,715
 
ADAMA Ltd., Class A
  84,400   119,451
 
Addsino Co. Ltd., Class A
  92,500   145,314
 
AECC Aero-Engine Control Co. Ltd., Class A
  68,057   262,681
 
AECC Aviation Power Co. Ltd., Class A
  79,700   536,974
 
Agricultural Bank of China Ltd., Class H
  14,534,000   5,231,267
 
Aier Eye Hospital Group Co. Ltd., Class A
  293,917   1,435,555
*
Air China Ltd., Class H
  630,000   562,201
*
Alibaba Group Holding Ltd., Sponsored ADR
  835,875   92,113,425
*
Alibaba Group Holding Ltd.
  714,100   9,817,918
*
Alibaba Health Information Technology Ltd.
  2,566,000   2,291,732
 
Aluminum Corp. of China Ltd., Class H
  7,864,000   4,202,473
*
Amlogic Shanghai Co. Ltd., Class A
  30,504   351,530
 
Angel Yeast Co. Ltd., Class A
  49,300   304,256
 
Anhui Anke Biotechnology Group Co. Ltd., Class A
  18,000   30,298
 
Anhui Conch Cement Co. Ltd., Class H
  1,881,000   7,141,069
 
Anhui Guangxin Agrochemical Co. Ltd., Class A
  70,220   329,730
 
Anhui Gujing Distillery Co. Ltd., Class A
  11,716   483,510
 
Anhui Honglu Steel Construction Group Co. Ltd., Class A
  68,664   339,373
 
Anhui Jinhe Industrial Co. Ltd., Class A
  65,100   322,129
 
Anhui Kouzi Distillery Co. Ltd., Class A
  52,300   432,832
 
Anhui Yingjia Distillery Co. Ltd., Class A
  38,000   369,749
 
Anhui Zhongding Sealing Parts Co. Ltd., Class A
  106,800   257,744
 
Anjoy Foods Group Co. Ltd., Class A
  14,400   340,465
 
Anker Innovations Technology Co. Ltd., Class A
  19,400   189,571
 
ANTA Sports Products Ltd.
  612,400   9,289,254
 
Apeloa Pharmaceutical Co. Ltd., Class A
  136,420   491,723
*
Asia - Potash International Investment Guangzhou Co. Ltd., Class A
  86,674   373,089
 
Asymchem Laboratories Tianjin Co. Ltd., Class A
  17,770   422,235
 
Avary Holding Shenzhen Co. Ltd., Class A
  123,976   531,044
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
AVIC Industry-Finance Holdings Co. Ltd., Class A
  327,700   $254,676
 
AVICOPTER PLC, Class A
  22,704   162,371
*
Baidu, Inc., Sponsored ADR
  25,812   3,476,360
*
Baidu, Inc., Class A
  1,330,750   22,369,957
 
Bank of Beijing Co. Ltd., Class A
  697,408   439,236
 
Bank of Changsha Co. Ltd., Class A
  401,784   408,788
 
Bank of Chengdu Co. Ltd., Class A
  190,950   411,515
 
Bank of China Ltd., Class H
  43,912,181   16,715,812
 
Bank of Communications Co. Ltd., Class H
  4,936,515   3,051,254
 
Bank of Guiyang Co. Ltd., Class A
  486,023   401,466
 
Bank of Hangzhou Co. Ltd., Class A
  242,404   468,140
 
Bank of Jiangsu Co. Ltd., Class A
  657,870   724,357
 
Bank of Nanjing Co. Ltd., Class A
  454,780   700,001
 
Bank of Ningbo Co. Ltd., Class A
  275,742   1,343,453
 
Bank of Shanghai Co. Ltd., Class A
  458,383   406,925
 
Bank of Suzhou Co. Ltd., Class A
  415,260   481,033
 
Baoshan Iron & Steel Co. Ltd., Class A
  745,700   683,533
*
BeiGene Ltd.
  226,000   4,442,146
 
Beijing Bei Mo Gao Ke Friction Material Co. Ltd., Class A
  24,020   181,388
 
Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A
  818,160   354,284
*
Beijing Compass Technology Development Co. Ltd., Class A
  27,300   237,964
*
Beijing Dabeinong Technology Group Co. Ltd., Class A
  202,052   274,836
 
Beijing Dahao Technology Corp. Ltd., Class A
  26,100   71,870
 
Beijing Easpring Material Technology Co. Ltd., Class A
  24,700   247,810
 
Beijing Enlight Media Co. Ltd., Class A
  258,706   314,955
 
Beijing GeoEnviron Engineering & Technology, Inc., Class A
  88,140   138,956
 
Beijing Huafeng Test & Control Technology Co. Ltd., Class A
  6,116   249,973
 
Beijing Jingyuntong Technology Co. Ltd., Class A
  167,900   177,389
 
Beijing Kingsoft Office Software, Inc., Class A
  7,538   314,678
 
Beijing New Building Materials PLC, Class A
  144,903   614,392
 
Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A
  132,362   729,341
 
Beijing Originwater Technology Co. Ltd., Class A
  424,847   308,822
 
Beijing Shiji Information Technology Co. Ltd., Class A
  93,560   237,333
 
Beijing Shougang Co. Ltd., Class A
  441,600   258,213
 
Beijing Shunxin Agriculture Co. Ltd., Class A
  48,400   194,992
 
Beijing Sinnet Technology Co. Ltd., Class A
  116,888   155,475
 
Beijing Tiantan Biological Products Corp. Ltd., Class A
  77,216   270,727
 
Beijing Tongrentang Co. Ltd., Class A
  36,400   254,615
 
Beijing United Information Technology Co. Ltd., Class A
  20,155   289,663
 
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A
  23,700   471,573
 
Beijing Yanjing Brewery Co. Ltd., Class A
  184,800   308,324
 
Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd., Class A
  17,400   269,573
 
Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A
  82,575   187,662
 
Beijing-Shanghai High Speed Railway Co. Ltd., Class A
  1,062,900   775,553
 
Bethel Automotive Safety Systems Co. Ltd., Class A
  9,700   124,682
 
Betta Pharmaceuticals Co. Ltd., Class A
  24,206   215,711
 
BGI Genomics Co. Ltd., Class A
  34,100   275,352
*
Bilibili, Inc., Class Z
  45,160   1,127,046
 
Bloomage Biotechnology Corp. Ltd., Class A
  6,559   121,355
 
BOC International China Co. Ltd., Class A
  89,700   150,053
 
BOE Technology Group Co. Ltd., Class A
  1,654,300   977,142
 
Bosideng International Holdings Ltd.
  3,360,000   1,872,450
 
Bright Dairy & Food Co. Ltd., Class A
  24,800   39,220
 
BTG Hotels Group Co. Ltd., Class A
  92,300   319,402
 
BYD Co. Ltd., Class H
  403,886   12,790,077
 
BYD Electronic International Co. Ltd.
  1,259,000   4,363,886
 
By-health Co. Ltd., Class A
  124,793   426,876
 
Caitong Securities Co. Ltd., Class A
  338,190   391,915
 
CECEP Solar Energy Co. Ltd., Class A
  327,700   372,848
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
CECEP Wind-Power Corp., Class A
  495,560   $292,815
 
Centre Testing International Group Co. Ltd., Class A
  27,300   96,142
 
CETC Cyberspace Security Technology Co. Ltd., Class A
  33,300   169,937
Ω
CGN Power Co. Ltd., Class H
  4,899,000   1,144,695
 
Changchun High & New Technology Industry Group, Inc., Class A
  20,900   624,095
 
Changjiang Securities Co. Ltd., Class A
  435,670   371,777
 
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A
  9,700   194,883
 
Chaozhou Three-Circle Group Co. Ltd., Class A
  121,305   600,368
 
Chengdu CORPRO Technology Co. Ltd., Class A
  9,300   39,013
 
Chengdu Kanghong Pharmaceutical Group Co. Ltd., Class A
  15,800   40,748
 
Chengtun Mining Group Co. Ltd., Class A
  308,000   288,511
 
Chengxin Lithium Group Co. Ltd., Class A
  43,229   274,952
*
Chifeng Jilong Gold Mining Co. Ltd., Class A
  53,800   159,328
 
China Automotive Engineering Research Institute Co. Ltd., Class A
  72,700   210,199
 
China Baoan Group Co. Ltd., Class A
  146,334   272,341
 
China Cinda Asset Management Co. Ltd., Class H
  7,009,000   995,128
 
China CITIC Bank Corp. Ltd., Class H
  9,190,928   4,434,163
 
China Coal Energy Co. Ltd., Class H
  3,825,777   3,070,100
 
China Construction Bank Corp., Class H
  59,766,590   38,686,362
 
China CSSC Holdings Ltd., Class A
  45,800   161,227
# *
China Eastern Airlines Corp. Ltd., Class H
  1,516,000   608,396
 
China Energy Engineering Corp. Ltd., Class A
  2,502,824   872,227
 
China Energy Engineering Corp. Ltd., Class H
  1,632,000   211,023
 
China Everbright Bank Co. Ltd., Class H
  3,836,000   1,224,508
Ω
China Feihe Ltd.
  5,746,000   5,512,931
 
China Galaxy Securities Co. Ltd., Class H
  5,155,500   2,779,092
 
China Gas Holdings Ltd.
  3,311,600   5,155,560
 
China Great Wall Securities Co. Ltd., Class A
  196,900   266,386
 
China Greatwall Technology Group Co. Ltd., Class A
  182,800   330,237
 
China Green Electricity Investment of Tianjin Co. Ltd., Class A
  101,800   202,734
 
China Hongqiao Group Ltd.
  4,665,000   5,425,974
Ω
China International Capital Corp. Ltd., Class H
  1,813,600   4,052,718
 
China International Marine Containers Group Co. Ltd., Class H
  1,018,230   782,028
 
China Jushi Co. Ltd., Class A
  477,798   1,045,979
 
China Kings Resources Group Co. Ltd., Class A
  32,040   198,623
 
China Life Insurance Co. Ltd., Class H
  2,475,000   4,555,910
 
China Longyuan Power Group Corp. Ltd., Class H
  1,404,000   1,938,138
 
China Meheco Co. Ltd., Class A
  69,411   156,589
 
China Mengniu Dairy Co. Ltd.
  2,701,000   13,029,279
 
China Merchants Bank Co. Ltd., Class H
  2,884,554   18,709,584
 
China Merchants Energy Shipping Co. Ltd., Class A
  607,440   576,317
 
China Merchants Port Holdings Co. Ltd.
  394,271   552,699
 
China Merchants Property Operation & Service Co. Ltd., Class A
  64,100   156,549
Ω
China Merchants Securities Co. Ltd., Class H
  486,460   531,731
 
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A
  325,873   717,745
#
China Minsheng Banking Corp. Ltd., Class H
  4,818,600   1,801,560
 
China National Building Material Co. Ltd., Class H
  9,142,000   8,388,300
 
China National Nuclear Power Co. Ltd., Class A
  1,023,390   917,111
 
China Northern Rare Earth Group High-Tech Co. Ltd., Class A
  144,800   624,818
 
China Oilfield Services Ltd., Class H
  1,960,000   2,375,585
 
China Overseas Land & Investment Ltd.
  4,285,000   11,570,657
 
China Pacific Insurance Group Co. Ltd., Class H
  2,487,400   6,839,021
 
China Petroleum & Chemical Corp., Class H
  17,726,800   9,571,927
 
China Power International Development Ltd.
  740,000   318,131
 
China Railway Group Ltd., Class H
  4,311,000   2,351,797
Ω
China Railway Signal & Communication Corp. Ltd., Class H
  1,920,000   654,280
*
China Rare Earth Resources & Technology Co. Ltd., Class A
  36,891   226,134
 
China Resources Beer Holdings Co. Ltd.
  859,611   6,471,390
 
China Resources Boya Bio-pharmaceutical Group Co. Ltd., Class A
  32,400   174,020
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
China Resources Cement Holdings Ltd.
  3,616,000   $2,091,219
 
China Resources Double Crane Pharmaceutical Co. Ltd., Class A
  99,800   272,377
 
China Resources Gas Group Ltd.
  1,798,000   7,561,015
 
China Resources Land Ltd.
  4,798,666   22,997,864
 
China Resources Microelectronics Ltd., Class A
  28,998   236,571
Ω
China Resources Mixc Lifestyle Services Ltd.
  248,800   1,433,500
 
China Resources Power Holdings Co. Ltd.
  1,598,517   3,329,632
 
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A
  68,058   490,276
 
China Shenhua Energy Co. Ltd., Class H
  2,649,500   8,246,885
 
China South Publishing & Media Group Co. Ltd., Class A
  99,400   145,080
*
China Southern Airlines Co. Ltd., Class H
  1,594,000   1,058,842
 
China Southern Power Grid Energy Efficiency & Clean Energy Co. Ltd.,Class A
  171,400   170,009
 
China State Construction Engineering Corp. Ltd., Class A
  1,756,100   1,443,168
 
China Tourism Group Duty Free Corp. Ltd., Class A
  54,300   1,719,339
Ω
China Tower Corp. Ltd., Class H
  67,974,000   7,723,263
 
China Tungsten & Hightech Materials Co. Ltd., Class A
  102,100   248,713
 
China Vanke Co. Ltd., Class H
  2,181,320   4,409,538
 
China Yangtze Power Co. Ltd., Class A
  748,847   2,306,447
 
China Zhenhua Group Science & Technology Co. Ltd., Class A
  21,800   366,996
# *
China Zheshang Bank Co. Ltd., Class H
  82,000   29,932
 
Chongqing Brewery Co. Ltd., Class A
  21,500   384,027
 
Chongqing Changan Automobile Co. Ltd., Class A
  260,130   547,668
 
Chongqing Fuling Zhacai Group Co. Ltd., Class A
  47,200   186,739
 
Chongqing Rural Commercial Bank Co. Ltd., Class H
  2,634,000   951,526
 
Chongqing Zhifei Biological Products Co. Ltd., Class A
  83,314   1,211,726
 
CITIC Ltd.
  4,725,000   5,529,065
 
CITIC Securities Co. Ltd., Class H
  1,996,800   4,568,307
 
CMOC Group Ltd., Class H
  5,673,966   3,284,112
 
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A
  209,235   231,495
 
CNOOC Energy Technology & Services Ltd., Class A
  597,700   283,332
 
CNSIG Inner Mongolia Chemical Industry Co. Ltd.
  102,400   242,724
 
COFCO Biotechnology Co. Ltd., Class A
  114,467   147,480
 
Contemporary Amperex Technology Co. Ltd., Class A
  70,420   4,884,724
# *
COSCO SHIPPING Energy Transportation Co. Ltd., Class H
  940,000   885,572
 
COSCO SHIPPING Holdings Co. Ltd., Class H
  4,410,299   4,574,715
 
Country Garden Holdings Co. Ltd.
  5,569,067   2,089,687
 
Country Garden Services Holdings Co. Ltd.
  1,129,492   3,053,537
Ω
CSC Financial Co. Ltd., Class H
  1,140,500   1,182,605
 
CSG Holding Co. Ltd., Class A
  313,839   337,546
 
CSPC Pharmaceutical Group Ltd.
  12,323,200   14,050,945
 
Daan Gene Co. Ltd., Class A
  171,580   404,745
Ω
Dali Foods Group Co. Ltd.
  4,344,000   1,937,117
 
Daqin Railway Co. Ltd., Class A
  883,060   876,727
 
DaShenLin Pharmaceutical Group Co. Ltd., Class A
  78,510   443,018
*
Datang International Power Generation Co. Ltd., Class H
  1,784,000   305,647
*
Deppon Logistics Co. Ltd., Class A
  78,900   250,862
 
DHC Software Co. Ltd., Class A
  290,300   266,788
 
Dian Diagnostics Group Co. Ltd., Class A
  67,701   268,798
 
Do-Fluoride Chemicals Co. Ltd., Class A
  82,709   452,505
 
Dong-E-E-Jiao Co. Ltd., Class A
  42,611   278,165
 
Dongfang Electric Corp. Ltd., Class H
  305,200   545,100
 
Dongfeng Motor Group Co. Ltd., Class H
  1,426,000   850,205
 
Dongxing Securities Co. Ltd., Class A
  323,718   401,367
 
East Group Co. Ltd., Class A
  152,100   167,737
 
East Money Information Co. Ltd., Class A
  453,728   1,520,401
 
Ecovacs Robotics Co. Ltd., Class A
  28,300   366,527
 
Electric Connector Technology Co. Ltd., Class A
  28,200   163,235
 
ENN Energy Holdings Ltd.
  363,800   5,481,273
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
ENN Natural Gas Co. Ltd., Class A
  245,000   $655,718
 
Eternal Asia Supply Chain Management Ltd., Class A
  113,500   108,021
 
Eve Energy Co. Ltd., Class A
  38,105   500,556
# Ω
Everbright Securities Co. Ltd., Class H
  412,600   309,167
*
Fangda Carbon New Material Co. Ltd., Class A
  374,324   365,609
 
FAW Jiefang Group Co. Ltd.
  112,300   137,137
 
Fiberhome Telecommunication Technologies Co. Ltd., Class A
  49,300   102,771
 
Financial Street Holdings Co. Ltd., Class A
  180,200   139,945
 
First Capital Securities Co. Ltd., Class A
  320,000   285,032
 
Flat Glass Group Co. Ltd., Class H
  406,000   1,271,115
 
Focus Media Information Technology Co. Ltd., Class A
  727,597   750,857
 
Foryou Corp.
  16,200   93,832
 
Foshan Haitian Flavouring & Food Co. Ltd., Class A
  158,223   1,864,154
 
Fosun International Ltd.
  3,010,722   2,795,291
 
Founder Securities Co. Ltd., Class A
  411,200   423,609
 
Foxconn Industrial Internet Co. Ltd., Class A
  389,600   549,744
 
Fujian Funeng Co. Ltd., Class A
  116,900   216,002
 
Fujian Sunner Development Co. Ltd., Class A
  77,263   281,470
*
Fulin Precision Co Ltd, Class A
  62,463   146,142
Ω
Fuyao Glass Industry Group Co. Ltd., Class H
  754,800   3,714,792
# Ω
Ganfeng Lithium Group Co. Ltd., Class H
  176,399   1,611,084
 
Gaona Aero Material Co. Ltd., Class A
  17,800   118,730
 
G-bits Network Technology Xiamen Co. Ltd., Class A
  8,400   440,715
 
GCL Energy Technology Co. Ltd.
  130,300   215,060
*
GCL System Integration Technology Co. Ltd., Class A
  241,200   115,948
*
GCL Technology Holdings Ltd.
  20,189,000   5,590,923
*
GD Power Development Co. Ltd., Class A
  524,300   308,737
 
Geely Automobile Holdings Ltd.
  5,793,000   9,397,980
 
GEM Co. Ltd., Class A
  188,176   223,143
 
Gemdale Corp., Class A
  343,800   503,530
*
Genscript Biotech Corp.
  48,000   163,461
 
GF Securities Co. Ltd., Class H
  1,027,600   1,682,766
 
Giant Network Group Co. Ltd., Class A
  85,600   122,955
 
GigaDevice Semiconductor, Inc., Class A
  25,674   437,986
*
Ginlong Technologies Co. Ltd., Class A
  18,825   513,080
 
Glarun Technology Co. Ltd., Class A
  69,600   178,312
 
GoerTek, Inc., Class A
  238,700   733,856
 
Gongniu Group Co. Ltd., Class A
  4,200   94,347
 
GoodWe Technologies Co. Ltd., Class A
  3,252   196,805
 
Gotion High-tech Co. Ltd., Class A
  73,700   355,990
 
Grandblue Environment Co. Ltd., Class A
  40,300   108,656
 
Great Wall Motor Co. Ltd., Class H
  2,023,500   2,857,084
 
Gree Electric Appliances, Inc. of Zhuhai, Class A
  160,333   824,000
 
GRG Banking Equipment Co. Ltd., Class A
  142,000   214,308
*
Guangdong Create Century Intelligent Equipment Group Corp. Ltd., Class A
  127,900   170,921
 
Guangdong Haid Group Co. Ltd., Class A
  55,800   515,441
 
Guangdong HEC Technology Holding Co. Ltd., Class A
  204,200   292,240
 
Guangdong Hongda Holdings Group Co. Ltd., Class A
  61,700   286,295
 
Guangdong Investment Ltd.
  2,600,000   2,824,689
 
Guangdong Kinlong Hardware Products Co. Ltd., Class A
  13,200   194,438
 
Guangdong Xinbao Electrical Appliances Holdings Co. Ltd., Class A
  59,500   160,697
 
Guangdong Zhongsheng Pharmaceutical Co. Ltd., Class A
  21,500   74,960
 
Guanghui Energy Co. Ltd., Class A
  422,000   641,332
 
Guangxi Guiguan Electric Power Co. Ltd., Class A
  34,400   28,450
 
Guangzhou Automobile Group Co. Ltd., Class H
  2,485,162   1,787,904
 
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H
  218,000   636,725
 
Guangzhou Great Power Energy & Technology Co. Ltd., Class A
  13,400   151,376
 
Guangzhou Haige Communications Group, Inc. Co., Class A
  222,052   288,842
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A
  48,901   $610,766
 
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A
  34,000   317,801
 
Guangzhou Tinci Materials Technology Co. Ltd., Class A
  74,340   543,477
 
Guangzhou Wondfo Biotech Co. Ltd., Class A
  47,700   225,507
 
Guangzhou Yuexiu Capital Holdings Group Co. Ltd., Class A
  261,404   256,977
 
Guangzhou Zhujiang Brewery Co. Ltd., Class A
  26,000   30,553
 
Guizhou Panjiang Refined Coal Co. Ltd., Class A
  246,900   258,479
*
Guocheng Mining Co. Ltd., Class A
  44,900   117,371
 
Guosen Securities Co. Ltd., Class A
  186,700   259,931
Ω
Guotai Junan Securities Co. Ltd., Class H
  369,800   453,216
 
Guoyuan Securities Co. Ltd., Class A
  308,740   325,359
#
H World Group Ltd., ADR
  102,031   4,844,432
 
H World Group Ltd.
  5,500   26,150
 
Haier Smart Home Co. Ltd., Class A
  258,200   986,750
 
Haier Smart Home Co. Ltd., Class H
  2,610,000   9,625,988
 
Haitong Securities Co. Ltd., Class H
  2,434,800   1,679,586
*
Hang Zhou Great Star Industrial Co. Ltd., Class A
  73,900   236,931
 
Hangjin Technology Co. Ltd., Class A
  47,700   234,032
 
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A
  235,800   371,720
 
Hangzhou Chang Chuan Technology Co. Ltd., Class A
  14,494   93,035
 
Hangzhou First Applied Material Co. Ltd., Class A
  45,311   505,942
 
Hangzhou Lion Electronics Co. Ltd., Class A
  36,668   253,953
 
Hangzhou Oxygen Plant Group Co. Ltd., Class A
  54,900   313,179
 
Hangzhou Robam Appliances Co. Ltd., Class A
  80,121   357,082
 
Hangzhou Silan Microelectronics Co. Ltd., Class A
  70,122   368,567
 
Hangzhou Tigermed Consulting Co. Ltd., Class A
  12,100   209,174
Ω
Hangzhou Tigermed Consulting Co. Ltd., Class H
  95,600   1,254,049
 
Han's Laser Technology Industry Group Co. Ltd., Class A
  158,517   658,876
Ω
Hansoh Pharmaceutical Group Co. Ltd.
  866,000   1,772,451
 
Haohua Chemical Science & Technology Co. Ltd., Class A
  15,000   100,478
 
Hebei Hengshui Laobaigan Liquor Co. Ltd., Class A
  43,600   191,121
 
Hefei Meiya Optoelectronic Technology, Inc., Class A
  84,295   342,793
 
Heilongjiang Agriculture Co. Ltd., Class A
  174,805   366,475
 
Henan Shenhuo Coal & Power Co. Ltd., Class A
  211,900   552,678
 
Henan Shuanghui Investment & Development Co. Ltd., Class A
  195,129   737,939
 
Hengan International Group Co. Ltd.
  1,126,500   5,541,656
 
Hengdian Group DMEGC Magnetics Co. Ltd., Class A
  119,121   394,045
 
Hengli Petrochemical Co. Ltd., Class A
  403,700   1,049,622
 
Hengtong Optic-electric Co. Ltd., Class A
  125,000   287,733
 
Hengyi Petrochemical Co. Ltd., Class A
  413,588   478,781
 
Hesteel Co. Ltd., Class A
  1,383,853   494,867
 
Hithink RoyalFlush Information Network Co. Ltd., Class A
  25,781   452,729
 
Hongfa Technology Co. Ltd., Class A
  60,890   338,627
 
Hongta Securities Co. Ltd., Class A
  96,320   116,713
#
Huadian Power International Corp. Ltd., Class H
  288,000   115,286
 
Huadong Medicine Co. Ltd., Class A
  70,000   492,612
 
Huafon Chemical Co. Ltd., Class A
  485,983   547,769
 
Huagong Tech Co. Ltd., Class A
  60,800   169,384
 
Huaibei Mining Holdings Co. Ltd., Class A
  247,300   492,889
 
Hualan Biological Engineering, Inc., Class A
  139,800   462,924
*
Huaneng Power International, Inc., Class H
  2,302,000   1,123,927
Ω
Huatai Securities Co. Ltd., Class H
  1,361,000   1,762,248
 
Huaxi Securities Co. Ltd., Class A
  293,600   355,983
 
Huaxia Bank Co. Ltd., Class A
  644,456   497,791
 
Huaxin Cement Co. Ltd., Class A
  206,300   500,204
 
Huayu Automotive Systems Co. Ltd., Class A
  153,600   415,645
 
Hubei Biocause Pharmaceutical Co. Ltd., Class A
  297,745   146,344
 
Hubei Dinglong Co. Ltd., Class A
  44,900   152,434
 
Hubei Energy Group Co. Ltd., Class A
  199,271   125,611
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Hubei Feilihua Quartz Glass Co. Ltd., Class A
  12,600   $97,162
 
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A
  101,848   441,512
 
Hubei Xingfa Chemicals Group Co. Ltd., Class A
  112,400   542,755
 
Huizhou Desay Sv Automotive Co. Ltd., Class A
  16,600   324,064
 
Humanwell Healthcare Group Co. Ltd., Class A
  141,200   556,438
 
Hunan Gold Corp. Ltd., Class A
  99,000   231,092
 
Hunan Valin Steel Co. Ltd., Class A
  933,000   687,488
 
Hundsun Technologies, Inc., Class A
  41,729   292,600
 
Iflytek Co. Ltd., Class A
  70,100   422,241
 
IKD Co. Ltd., Class A
  20,000   70,600
 
Imeik Technology Development Co. Ltd., Class A
  3,800   336,030
 
Industrial & Commercial Bank of China Ltd., Class H
  30,774,185   16,461,688
 
Industrial Bank Co. Ltd., Class A
  643,039   1,682,845
 
Industrial Securities Co. Ltd., Class A
  652,548   668,626
 
Infore Environment Technology Group Co. Ltd., Class A
  82,224   59,514
 
Ingenic Semiconductor Co. Ltd., Class A
  18,000   208,421
 
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A
  1,386,020   420,067
 
Inner Mongolia Dian Tou Energy Corp. Ltd., Class A
  299,500   586,349
 
Inner Mongolia ERDOS Resources Co. Ltd., Class A
  145,040   360,996
 
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A
  810,103   532,362
 
Inner Mongolia Yili Industrial Group Co. Ltd., Class A
  318,000   1,536,492
 
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A
  575,900   766,442
* Ω
Innovent Biologics, Inc.
  133,500   727,101
 
Inspur Electronic Information Industry Co. Ltd., Class A
  77,684   273,331
 
Intco Medical Technology Co. Ltd., Class A
  80,942   300,151
 
JA Solar Technology Co. Ltd., Class A
  75,003   734,973
 
Jade Bird Fire Co. Ltd., Class A
  6,300   30,770
 
Jafron Biomedical Co. Ltd., Class A
  39,965   200,178
 
Jason Furniture Hangzhou Co. Ltd., Class A
  67,080   424,689
 
JCET Group Co. Ltd., Class A
  185,200   734,726
* Ω
JD Health International, Inc.
  332,200   2,758,699
 
JD.com, Inc., ADR
  124,763   7,427,141
 
JD.com, Inc., Class A
  501,921   14,903,717
 
Jiangsu Azure Corp., Class A
  75,000   169,322
 
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A
  310,469   339,805
 
Jiangsu Eastern Shenghong Co. Ltd., Class A
  138,440   321,398
 
Jiangsu Expressway Co. Ltd., Class H
  1,020,000   1,004,578
 
Jiangsu Guotai International Group Co. Ltd., Class A
  123,263   162,019
*
Jiangsu Guoxin Corp. Ltd., Class A
  88,700   80,903
 
Jiangsu Hengli Hydraulic Co. Ltd., Class A
  58,186   564,886
 
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A
  159,955   1,002,007
 
Jiangsu Jiejie Microelectronics Co. Ltd., Class A
  51,900   166,519
 
Jiangsu King's Luck Brewery JSC Ltd., Class A
  56,412   484,165
*
Jiangsu Lihua Animal Husbandry Stock Co. Ltd., Class A
  24,653   137,953
 
Jiangsu Linyang Energy Co. Ltd., Class A
  178,367   237,606
 
Jiangsu Nata Opto-electronic Material Co. Ltd., Class A
  26,990   125,348
 
Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A
  45,100   159,081
 
Jiangsu Provincial Agricultural Reclamation & Development Corp.
  157,000   291,809
 
Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A
  157,300   339,599
 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A
  56,690   1,478,880
 
Jiangsu Yangnong Chemical Co. Ltd., Class A
  29,505   483,167
 
Jiangsu Yoke Technology Co. Ltd., Class A
  12,862   99,668
 
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A
  84,400   375,472
 
Jiangsu Zhongtian Technology Co. Ltd., Class A
  133,900   325,533
 
Jiangxi Copper Co. Ltd., Class H
  1,321,000   2,274,833
 
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A
  67,500   156,585
*
Jilin Electric Power Co. Ltd., Class A
  127,000   113,934
 
Jingjin Equipment, Inc., Class A
  50,780   227,436
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
JiuGui Liquor Co. Ltd., Class A
  11,500   $240,298
 
Jizhong Energy Resources Co. Ltd., Class A
  453,000   442,771
 
JL Mag Rare-Earth Co. Ltd., Class A
  46,600   233,998
 
Joincare Pharmaceutical Group Industry Co. Ltd., Class A
  194,455   339,247
 
Joinn Laboratories China Co. Ltd., Class A
  16,296   154,033
 
Jointown Pharmaceutical Group Co. Ltd., Class A
  197,667   397,291
 
Jonjee Hi-Tech Industrial & Commercial Holding Co. Ltd., Class A
  50,300   270,091
 
Juewei Food Co. Ltd., Class A
  18,944   149,888
*
Juneyao Airlines Co. Ltd., Class A
  70,540   159,677
*
Kaishan Group Co. Ltd., Class A
  65,100   155,909
 
KBC Corp. Ltd., Class A
  6,057   223,303
 
Keboda Technology Co. Ltd., Class A
  4,000   39,055
 
Kehua Data Co. Ltd., Class A
  34,200   256,658
 
KingClean Electric Co. Ltd., Class A
  17,100   78,889
*
Kingdee International Software Group Co. Ltd.
  533,000   1,163,278
 
Kingsoft Corp. Ltd.
  541,000   1,991,983
 
Konfoong Materials International Co. Ltd., Class A
  9,500   101,065
* Ω
Koolearn Technology Holding Ltd.
  13,000   105,589
 
Kuang-Chi Technologies Co. Ltd., Class A
  51,300   140,006
 
Kunlun Energy Co. Ltd.
  6,412,000   5,056,855
 
Kunlun Tech Co. Ltd., Class A
  52,600   128,306
 
Kweichow Moutai Co. Ltd., Class A
  55,993   15,351,596
 
KWG Living Group Holdings Ltd.
  258,250   60,661
 
Lao Feng Xiang Co. Ltd., Class A
  26,700   190,782
 
Laobaixing Pharmacy Chain JSC, Class A
  62,190   364,386
 
LB Group Co. Ltd., Class A
  223,200   690,784
 
Lenovo Group Ltd.
  13,043,278   10,461,607
 
Lens Technology Co. Ltd., Class A
  316,800   625,622
 
Lepu Medical Technology Beijing Co. Ltd., Class A
  120,977   400,339
 
Levima Advanced Materials Corp., Class A
  27,200   158,434
 
Leyard Optoelectronic Co. Ltd., Class A
  105,400   95,484
# *
Li Auto, Inc., ADR
  128,166   3,191,333
# *
Li Auto, Inc., Class A
  135,900   1,662,903
 
Li Ning Co. Ltd.
  1,311,000   12,960,106
 
Lianhe Chemical Technology Co. Ltd., Class A
  65,200   169,642
 
Lier Chemical Co. Ltd., Class A
  74,940   209,955
*
Lingyi iTech Guangdong Co., Class A
  556,018   443,063
 
Lizhong Sitong Light Alloys Group Co. Ltd., Class A
  40,800   169,682
Ω
Longfor Group Holdings Ltd.
  2,916,000   9,634,787
 
LONGi Green Energy Technology Co. Ltd., Class A
  335,888   2,407,790
 
Longshine Technology Group Co. Ltd., Class A
  89,002   330,255
 
Luenmei Quantum Co. Ltd., Class A
  120,500   117,395
 
Luoyang Xinqianglian Slewing Bearing Co. Ltd., Class A
  8,160   77,003
 
Luxi Chemical Group Co. Ltd., Class A
  305,700   609,019
 
Luxshare Precision Industry Co. Ltd., Class A
  308,224   1,492,651
 
Luzhou Laojiao Co. Ltd., Class A
  66,129   2,330,708
 
Mango Excellent Media Co. Ltd., Class A
  179,192   812,002
 
Maxscend Microelectronics Co. Ltd., Class A
  25,100   499,940
*
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A
  287,557   272,039
* Ω
Meituan, Class B
  1,414,140   31,614,339
 
Metallurgical Corp. of China Ltd., Class H
  4,641,000   1,049,649
 
Midea Group Co. Ltd., Class A
  479,784   3,937,393
 
Milkyway Chemical Supply Chain Service Co. Ltd., Class A
  13,700   243,909
 
Ming Yang Smart Energy Group Ltd., Class A
  120,504   498,687
 
Montage Technology Co. Ltd., Class A
  27,314   224,883
 
Muyuan Foods Co. Ltd., Class A
  134,987   999,631
 
Nanjing Iron & Steel Co. Ltd., Class A
  670,400   344,854
 
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A
  99,146   279,658
 
Nanjing Yunhai Special Metals Co. Ltd., Class A
  60,200   198,550
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
Nantong Jianghai Capacitor Co. Ltd., Class A
  48,864   $181,286
 
NARI Technology Co. Ltd., Class A
  191,352   749,848
 
NAURA Technology Group Co. Ltd., Class A
  10,700   373,505
 
NavInfo Co. Ltd., Class A
  105,850   188,607
 
NetEase, Inc., ADR
  193,704   17,164,111
 
NetEase, Inc.
  159,100   2,822,770
 
New China Life Insurance Co. Ltd., Class H
  1,010,500   2,710,121
*
New Hope Liuhe Co. Ltd., Class A
  159,700   310,405
 
Ninestar Corp., Class A
  44,351   337,607
 
Ningbo Haitian Precision Machinery Co. Ltd., Class A
  22,600   99,233
*
Ningbo Joyson Electronic Corp., Class A
  126,400   299,927
 
Ningbo Orient Wires & Cables Co. Ltd., Class A
  31,142   297,069
 
Ningbo Ronbay New Energy Technology Co. Ltd., Class A
  19,771   231,747
 
Ningbo Sanxing Medical Electric Co. Ltd., Class A
  108,100   235,292
 
Ningbo Tuopu Group Co. Ltd., Class A
  43,648   462,461
 
Ningbo Xusheng Group Co. Ltd., Class A
  26,000   156,613
 
Ningbo Zhoushan Port Co. Ltd., Class A
  224,800   122,366
 
Ningxia Baofeng Energy Group Co. Ltd., Class A
  320,300   636,567
# *
NIO, Inc., ADR
  368,459   4,447,300
 
North Industries Group Red Arrow Co. Ltd., Class A
  63,400   215,594
*
Offcn Education Technology Co. Ltd., Class A
  80,212   73,118
 
Offshore Oil Engineering Co. Ltd., Class A
  310,100   306,310
*
OFILM Group Co. Ltd., Class A
  159,800   119,541
 
Oppein Home Group, Inc., Class A
  25,795   481,224
 
Orient Overseas International Ltd.
  137,500   2,285,640
Ω
Orient Securities Co. Ltd., Class H
  1,012,800   598,048
 
Ovctek China, Inc., Class A
  28,452   156,600
*
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A
  470,200   363,274
*
Pengdu Agriculture & Animal Husbandry Co. Ltd., Class A
  600,300   252,008
 
People's Insurance Co. Group of China Ltd. , Class H
  7,590,000   2,558,776
 
Perfect World Co. Ltd., Class A
  141,585   295,319
 
PetroChina Co. Ltd., Class H
  15,548,000   8,317,402
 
PharmaBlock Sciences Nanjing, Inc., Class A
  3,300   40,951
Ω
Pharmaron Beijing Co. Ltd., Class H
  172,950   1,267,709
 
PICC Property & Casualty Co. Ltd., Class H
  7,201,198   6,770,219
*
Pinduoduo, Inc., ADR
  122,979   12,049,482
 
Ping An Bank Co. Ltd., Class A
  722,500   1,610,434
 
Ping An Insurance Group Co. of China Ltd., Class H
  3,966,500   30,810,589
 
Pingdingshan Tianan Coal Mining Co. Ltd., Class A
  360,800   603,275
 
Poly Developments & Holdings Group Co. Ltd., Class A
  448,683   1,045,521
# Ω
Postal Savings Bank of China Co. Ltd., Class H
  4,462,000   3,036,423
 
Power Construction Corp. of China Ltd., Class A
  583,011   607,364
 
Proya Cosmetics Co. Ltd., Class A
  21,980   537,894
 
Qingdao Haier Biomedical Co. Ltd., Class A
  8,024   86,326
# Ω
Qingdao Port International Co. Ltd., Class H
  69,000   34,285
 
Qingdao Rural Commercial Bank Corp., Class A
  691,706   302,525
 
Qingdao Sentury Tire Co. Ltd., Class A
  43,800   192,199
 
Qingdao TGOOD Electric Co. Ltd., Class A
  78,000   197,196
 
Quectel Wireless Solutions Co. Ltd., Class A
  13,090   216,708
 
Raytron Technology Co. Ltd., Class A
  17,317   113,469
 
Red Avenue New Materials Group Co. Ltd., Class A
  23,300   115,839
*
Risen Energy Co. Ltd., Class A
  59,604   301,033
 
Riyue Heavy Industry Co. Ltd., Class A
  76,100   271,234
 
Rockchip Electronics Co. Ltd., Class A
  18,100   203,433
 
Rongsheng Petrochemical Co. Ltd., Class A
  567,694   1,115,983
*
Roshow Technology Co. Ltd., Class A
  125,900   166,565
 
SAIC Motor Corp. Ltd., Class A
  236,045   526,574
 
Sailun Group Co. Ltd., Class A
  221,600   329,301
 
Sanan Optoelectronics Co. Ltd., Class A
  114,600   321,199
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
Sangfor Technologies, Inc., Class A
  11,300   $253,406
 
Sanquan Food Co. Ltd., Class A
  82,800   211,698
 
Sany Heavy Industry Co. Ltd., Class A
  286,434   745,143
 
Satellite Chemical Co. Ltd., Class A
  345,661   908,607
 
SDIC Power Holdings Co. Ltd., Class A
  251,000   392,119
 
Sealand Securities Co. Ltd., Class A
  328,190   172,387
*
Seazen Holdings Co. Ltd., Class A
  173,200   547,754
 
SF Holding Co. Ltd., Class A
  151,261   1,320,249
 
SG Micro Corp., Class A
  12,050   318,902
 
Shaanxi Coal Industry Co. Ltd., Class A
  694,700   2,014,564
 
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A
  260,300   606,759
 
Shandong Buchang Pharmaceuticals Co. Ltd., Class A
  91,300   259,746
 
Shandong Denghai Seeds Co. Ltd., Class A
  35,800   110,003
 
Shandong Dongyue Organosilicon Material Co. Ltd., Class A
  106,300   205,933
Ω
Shandong Gold Mining Co. Ltd., Class H
  547,250   1,055,414
 
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A
  70,200   274,360
 
Shandong Hi-speed Co. Ltd., Class A
  111,700   98,357
 
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A
  139,650   700,469
 
Shandong Linglong Tyre Co. Ltd., Class A
  130,200   425,903
 
Shandong Nanshan Aluminum Co. Ltd., Class A
  910,010   488,172
 
Shandong Pharmaceutical Glass Co. Ltd., Class A
  39,500   169,409
 
Shandong Sun Paper Industry JSC Ltd., Class A
  230,150   381,311
 
Shandong Weigao Group Medical Polymer Co. Ltd., Class H
  3,392,800   5,640,122
 
Shanghai Bairun Investment Holding Group Co. Ltd., Class A
  34,836   187,777
 
Shanghai Baosight Software Co. Ltd., Class A
  62,166   461,251
 
Shanghai Construction Group Co. Ltd., Class A
  770,676   300,281
*
Shanghai Electric Group Co. Ltd., Class H
  2,990,000   706,889
*
Shanghai Electric Power Co. Ltd., Class A
  119,200   178,287
 
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H
  350,000   1,128,551
 
Shanghai Fudan Microelectronics Group Co. Ltd., Class H
  135,000   562,726
*
Shanghai International Airport Co. Ltd., Class A
  28,100   252,444
 
Shanghai International Port Group Co. Ltd., Class A
  334,000   264,236
 
Shanghai Jinjiang International Hotels Co. Ltd., Class A
  44,100   376,584
# * Ω
Shanghai Junshi Biosciences Co. Ltd., Class H
  64,000   309,852
 
Shanghai Liangxin Electrical Co. Ltd., Class A
  50,500   108,578
 
Shanghai Lingang Holdings Corp. Ltd., Class A
  144,260   263,340
 
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A
  103,420   155,791
 
Shanghai M&G Stationery, Inc., Class A
  45,969   365,951
 
Shanghai Pharmaceuticals Holding Co. Ltd., Class H
  1,000,000   1,763,195
 
Shanghai Pudong Development Bank Co. Ltd., Class A
  882,471   964,257
 
Shanghai Putailai New Energy Technology Co. Ltd., Class A
  46,522   381,993
 
Shanghai RAAS Blood Products Co. Ltd., Class A
  400,600   368,800
 
Shanghai Tunnel Engineering Co. Ltd., Class A
  354,700   284,594
 
Shanghai Wanye Enterprises Co. Ltd., Class A
  56,200   156,429
 
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A
  252,259   295,910
 
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A
  181,800   341,732
 
Shanxi Coking Coal Energy Group Co. Ltd., Class A
  547,530   956,818
 
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A
  324,730   954,180
 
Shanxi Meijin Energy Co. Ltd., Class A
  464,717   663,827
 
Shanxi Securities Co. Ltd., Class A
  216,280   190,013
 
Shanxi Taigang Stainless Steel Co. Ltd., Class A
  538,600   367,155
 
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A
  55,507   2,403,094
 
Shenghe Resources Holding Co. Ltd., Class A
  151,600   369,914
 
Shengyi Technology Co. Ltd., Class A
  162,200   388,757
 
Shennan Circuits Co. Ltd., Class A
  25,382   287,688
Ω
Shenwan Hongyuan Group Co. Ltd., Class H
  2,064,000   419,103
 
Shenzhen Capchem Technology Co. Ltd., Class A
  58,240   423,697
 
Shenzhen Dynanonic Co. Ltd., Class A
  6,440   257,343
 
Shenzhen Energy Group Co. Ltd., Class A
  235,019   215,698
The Emerging Markets Series
CONTINUED
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CHINA — (Continued)
 
Shenzhen Fastprint Circuit Tech Co. Ltd., Class A
  104,800   $167,743
 
Shenzhen Gas Corp. Ltd., Class A
  150,500   160,109
 
Shenzhen Inovance Technology Co. Ltd., Class A
  92,000   973,484
 
Shenzhen Kaifa Technology Co. Ltd., Class A
  86,300   149,022
 
Shenzhen Kangtai Biological Products Co. Ltd., Class A
  58,040   316,760
 
Shenzhen Kedali Industry Co. Ltd., Class A
  17,166   384,612
 
Shenzhen Kinwong Electronic Co. Ltd., Class A
  62,764   203,257
 
Shenzhen Kstar Science & Technology Co. Ltd., Class A
  23,000   198,451
 
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A
  49,673   2,455,844
*
Shenzhen MTC Co. Ltd., Class A
  192,700   112,727
 
Shenzhen Overseas Chinese Town Co. Ltd., Class A
  626,380   499,159
 
Shenzhen Salubris Pharmaceuticals Co. Ltd., Class A
  35,500   190,733
 
Shenzhen SC New Energy Technology Corp., Class A
  12,566   230,195
 
Shenzhen SED Industry Co. Ltd., Class A
  30,800   123,328
 
Shenzhen Senior Technology Material Co. Ltd., Class A
  75,301   260,758
 
Shenzhen Sunlord Electronics Co. Ltd., Class A
  92,900   395,567
 
Shenzhen Sunway Communication Co. Ltd., Class A
  27,400   71,178
 
Shenzhen Transsion Holdings Co. Ltd., Class A
  45,412   576,316
 
Shenzhen YUTO Packaging Technology Co. Ltd., Class A
  93,271   434,993
 
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A
  360,714   237,950
 
Shenzhou International Group Holdings Ltd.
  351,100   4,421,618
 
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A
  70,456   303,600
 
Shinghwa Advanced Material Group Co. Ltd., Class A
  16,300   250,031
 
Sichuan Chuantou Energy Co. Ltd., Class A
  149,500   277,414
*
Sichuan Development Lomon Co. Ltd., Class A
  181,500   309,298
 
Sichuan Hebang Biotechnology Co. Ltd., Class A
  1,595,900   761,174
 
Sichuan Hexie Shuangma Co. Ltd., Class A
  36,500   141,928
 
Sichuan Kelun Pharmaceutical Co. Ltd., Class A
  129,301   521,038
*
Sichuan New Energy Power Co. Ltd.
  86,800   255,258
 
Sichuan Road & Bridge Group Co. Ltd., Class A
  398,000   692,090
 
Sichuan Swellfun Co. Ltd., Class A
  23,700   287,170
 
Sichuan Teway Food Group Co. Ltd., Class A
  6,000   23,552
 
Sichuan Yahua Industrial Group Co. Ltd., Class A
  86,900   333,255
 
Sieyuan Electric Co. Ltd., Class A
  63,100   407,891
 
Sino Biopharmaceutical Ltd.
  12,922,500   7,519,441
 
Sinocare, Inc., Class A
  10,000   54,028
 
Sinofibers Technology Co. Ltd., Class A
  17,400   148,165
 
Sinolink Securities Co. Ltd., Class A
  232,100   340,057
 
Sinoma International Engineering Co., Class A
  299,800   406,998
 
Sinoma Science & Technology Co. Ltd., Class A
  190,294   701,781
 
Sinomine Resource Group Co. Ltd., Class A
  5,100   68,040
 
Sinopharm Group Co. Ltd., Class H
  2,426,400   5,947,087
*
Skshu Paint Co. Ltd., Class A
  7,648   140,634
 
Skyworth Digital Co. Ltd., Class A
  76,793   174,041
# Ω
Smoore International Holdings Ltd.
  2,445,000   3,685,756
 
Songcheng Performance Development Co. Ltd., Class A
  85,200   183,920
 
SooChow Securities Co. Ltd., Class A
  334,850   353,069
 
Southwest Securities Co. Ltd., Class A
  707,636   419,285
*
Spring Airlines Co. Ltd., Class A
  48,500   433,816
 
State Grid Information & Communication Co. Ltd., Class A
  75,800   190,540
*
STO Express Co. Ltd., Class A
  94,000   145,807
 
Sunflower Pharmaceutical Group Co. Ltd., Class A
  21,500   80,877
 
Sungrow Power Supply Co. Ltd., Class A
  31,600   611,816
 
Sunny Optical Technology Group Co. Ltd.
  719,500   9,711,191
 
Sunresin New Materials Co. Ltd., Class A
  16,350   211,969
 
Sunwoda Electronic Co. Ltd., Class A
  74,600   261,226
 
Suofeiya Home Collection Co. Ltd., Class A
  27,570   85,766
 
Suplet Power Co. Ltd., Class A
  26,600   157,289
 
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A
  152,400   647,673
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Suzhou Maxwell Technologies Co. Ltd., Class A
  3,476   $228,976
 
Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A
  31,900   301,079
 
Taiji Computer Corp. Ltd., Class A
  7,000   38,409
 
Tangshan Jidong Cement Co. Ltd., Class A
  321,700   414,222
 
TangShan Port Group Co. Ltd., Class A
  531,500   224,502
 
TBEA Co. Ltd., Class A
  217,400   687,878
 
TCL Technology Group Corp., Class A
  917,180   572,019
 
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A
  112,100   707,022
 
Tencent Holdings Ltd.
  3,556,400   173,299,494
*
Tencent Music Entertainment Group, ADR
  730,433   6,128,333
 
Thunder Software Technology Co. Ltd., Class A
  13,300   217,124
 
Tian Di Science & Technology Co. Ltd., Class A
  466,820   369,362
 
Tianjin 712 Communication & Broadcasting Co. Ltd., Class A
  28,400   148,918
 
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A
  193,100   178,906
 
Tianjin Pharmaceutical Da Re Tang Group Corp. Ltd., Class A
  30,300   144,383
 
Tianma Microelectronics Co. Ltd., Class A
  161,455   225,942
 
Tianshan Aluminum Group Co. Ltd., Class A
  216,300   289,650
 
Tianshui Huatian Technology Co. Ltd., Class A
  305,000   404,246
*
Tibet Summit Resources Co. Ltd., Class A
  86,100   309,614
 
Tingyi Cayman Islands Holding Corp.
  2,448,000   4,072,523
 
Titan Wind Energy Suzhou Co. Ltd., Class A
  124,100   300,589
 
Tofflon Science & Technology Group Co. Ltd., Class A
  65,800   267,972
 
Toly Bread Co. Ltd., Class A
  151,865   376,766
*
TongFu Microelectronics Co. Ltd., Class A
  167,000   455,360
 
Tongkun Group Co. Ltd., Class A
  157,809   367,886
 
Tongling Nonferrous Metals Group Co. Ltd., Class A
  1,010,500   524,764
 
Tongwei Co. Ltd., Class A
  209,300   1,312,837
*
Topchoice Medical Corp., Class A
  13,300   320,874
Ω
Topsports International Holdings Ltd.
  796,000   750,041
 
Transfar Zhilian Co. Ltd., Class A
  287,626   257,744
 
TravelSky Technology Ltd., Class H
  183,000   380,375
 
Trina Solar Co. Ltd., Class A
  26,178   278,027
*
Trip.com Group Ltd., ADR
  329,607   12,116,353
*
Trip.com Group Ltd.
  99,700   3,667,506
 
Tsingtao Brewery Co. Ltd., Class H
  370,000   3,572,289
 
Unigroup Guoxin Microelectronics Co. Ltd., Class A
  37,799   705,931
 
Unisplendour Corp. Ltd., Class A
  164,160   560,772
 
Universal Scientific Industrial Shanghai Co. Ltd., Class A
  110,389   275,949
 
Valiant Co. Ltd., Class A
  56,000   145,931
*
Vipshop Holdings Ltd., ADR
  720,998   11,153,839
 
Walvax Biotechnology Co. Ltd., Class A
  27,700   164,414
 
Wanhua Chemical Group Co. Ltd., Class A
  203,200   2,915,298
 
Want Want China Holdings Ltd.
  6,370,000   4,148,781
 
Wanxiang Qianchao Co. Ltd., Class A
  189,000   147,363
 
Weichai Power Co. Ltd., Class H
  2,550,800   3,851,929
 
Weifu High-Technology Group Co. Ltd., Class A
  52,714   145,870
 
Weihai Guangwei Composites Co. Ltd., Class A
  20,829   222,923
 
Wens Foodstuffs Group Co. Ltd., Class A
  164,980   492,831
 
Western Securities Co. Ltd., Class A
  471,900   465,000
 
Western Superconducting Technologies Co. Ltd., Class A
  14,442   210,851
 
Wharf Holdings Ltd.
  995,000   2,592,107
 
Will Semiconductor Co. Ltd., Class A
  41,921   587,997
 
Wingtech Technology Co. Ltd., Class A
  47,900   417,031
 
Winner Medical Co. Ltd., Class A
  5,100   54,399
 
Winning Health Technology Group Co. Ltd., Class A
  166,200   267,213
 
Wolong Electric Group Co. Ltd., Class A
  143,200   288,660
 
Wuchan Zhongda Group Co. Ltd., Class A
  615,250   447,334
 
Wuhan DR Laser Technology Corp. Ltd., Class A
  3,460   72,915
 
Wuhan Guide Infrared Co. Ltd., Class A
  106,841   186,793
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Wuhu Token Science Co. Ltd., Class A
  200,630   $195,413
 
Wuliangye Yibin Co. Ltd., Class A
  174,006   5,414,487
 
WUS Printed Circuit Kunshan Co. Ltd., Class A
  159,200   301,057
Ω
WuXi AppTec Co. Ltd., Class H
  162,260   2,108,411
* Ω
Wuxi Biologics Cayman, Inc.
  1,311,500   10,951,550
 
Wuxi Lead Intelligent Equipment Co. Ltd., Class A
  17,680   121,549
 
Wuxi NCE Power Co. Ltd., Class A
  14,040   184,657
 
Wuxi Shangji Automation Co. Ltd., Class A
  27,080   460,166
 
XCMG Construction Machinery Co. Ltd., Class A
  472,203   407,735
 
Xiamen C & D, Inc., Class A
  153,900   303,022
 
Xiamen Faratronic Co. Ltd., Class A
  12,100   322,171
 
Xiamen ITG Group Corp. Ltd., Class A
  163,430   188,716
 
Xiamen Tungsten Co. Ltd., Class A
  107,480   353,997
 
Xiamen Xiangyu Co. Ltd., Class A
  213,900   348,922
 
Xi'an Triangle Defense Co. Ltd., Class A
  32,400   187,539
 
Xianhe Co. Ltd., Class A
  39,900   189,167
* Ω
Xiaomi Corp., Class B
  11,267,400   18,639,084
 
Xinfengming Group Co. Ltd., Class A
  153,500   284,122
#
Xinjiang Goldwind Science & Technology Co. Ltd., Class H
  921,559   941,545
 
Xinjiang Tianshan Cement Co. Ltd., Class A
  90,800   122,109
 
Xinjiang Zhongtai Chemical Co. Ltd., Class A
  216,200   245,800
 
Xinxiang Richful Lube Additive Co. Ltd., Class A
  5,500   105,739
 
Xinxing Ductile Iron Pipes Co. Ltd., Class A
  244,900   139,231
 
Xinyangfeng Agricultural Technology Co. Ltd., Class A
  105,900   197,983
 
Xinyi Solar Holdings Ltd.
  6,479,103   8,429,073
 
Xuji Electric Co. Ltd., Class A
  90,600   302,859
Ω
Yadea Group Holdings Ltd.
  526,000   1,199,205
 
Yangling Metron New Material, Inc., Class A
  27,640   222,726
 
Yangzhou Yangjie Electronic Technology Co. Ltd., Class A
  52,200   442,321
 
Yankuang Energy Group Co. Ltd., Class H
  1,754,000   5,640,951
 
Yantai Changyu Pioneer Wine Co. Ltd., Class A
  8,400   37,773
 
Yantai Jereh Oilfield Services Group Co. Ltd., Class A
  56,455   271,673
 
Yealink Network Technology Corp. Ltd., Class A
  41,840   379,466
 
Yifeng Pharmacy Chain Co. Ltd., Class A
  36,334   305,824
 
Yintai Gold Co. Ltd., Class A
  195,817   362,838
 
Yixintang Pharmaceutical Group Co. Ltd., Class A
  44,500   200,765
 
YongXing Special Materials Technology Co. Ltd., Class A
  17,100   288,690
 
Yonyou Network Technology Co. Ltd., Class A
  83,500   304,145
 
Youngor Group Co. Ltd., Class A
  340,604   326,705
*
Youngy Co. Ltd., Class A
  10,200   172,823
 
YTO Express Group Co. Ltd., Class A
  174,400   542,990
*
Yuan Longping High-tech Agriculture Co. Ltd., Class A
  80,100   203,984
 
Yum China Holdings, Inc.
  312,758   19,269,020
 
Yunda Holding Co. Ltd., Class A
  227,590   499,262
 
Yunnan Aluminium Co. Ltd., Class A
  373,200   747,798
 
Yunnan Baiyao Group Co. Ltd., Class A
  54,740   466,322
 
Yunnan Copper Co. Ltd., Class A
  308,200   603,778
 
Yunnan Energy New Material Co. Ltd., Class A
  30,462   707,376
 
Yunnan Tin Co. Ltd., Class A
  202,000   456,629
 
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A
  25,050   1,155,733
 
Zhefu Holding Group Co. Ltd., Class A
  607,423   371,083
*
Zhejiang Century Huatong Group Co. Ltd., Class A
  458,400   270,228
 
Zhejiang Cfmoto Power Co. Ltd., Class A
  1,200   21,964
 
Zhejiang China Commodities City Group Co. Ltd., Class A
  538,079   407,227
 
Zhejiang Chint Electrics Co. Ltd., Class A
  125,484   599,634
 
Zhejiang Crystal-Optech Co. Ltd., Class A
  92,800   174,619
 
Zhejiang Dahua Technology Co. Ltd., Class A
  239,713   450,674
 
Zhejiang Dingli Machinery Co. Ltd., Class A
  46,470   376,419
 
Zhejiang Hailiang Co. Ltd., Class A
  143,800   266,076
The Emerging Markets Series
CONTINUED
      Shares   Value»
CHINA — (Continued)
 
Zhejiang HangKe Technology, Inc.Co., Class A
  17,887   $134,092
 
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A
  59,640   189,500
 
Zhejiang Huayou Cobalt Co. Ltd., Class A
  42,881   419,603
 
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A
  54,000   552,319
 
Zhejiang JIULI Hi-tech Metals Co. Ltd., Class A
  80,500   203,754
 
Zhejiang Juhua Co. Ltd., Class A
  126,000   309,646
 
Zhejiang Longsheng Group Co. Ltd., Class A
  316,700   471,577
*
Zhejiang Narada Power Source Co. Ltd., Class A
  56,700   199,791
 
Zhejiang NHU Co. Ltd., Class A
  264,988   765,446
 
Zhejiang Supor Co. Ltd., Class A
  47,603   364,803
 
Zhejiang Weiming Environment Protection Co. Ltd., Class A
  104,103   300,421
 
Zhejiang Weixing New Building Materials Co. Ltd., Class A
  62,534   211,957
 
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A
  19,300   161,360
 
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A
  177,154   431,421
 
Zhejiang Yongtai Technology Co. Ltd., Class A
  60,300   218,648
 
Zheshang Securities Co. Ltd., Class A
  270,063   426,963
 
Zhongji Innolight Co. Ltd., Class A
  55,527   239,986
 
Zhongjin Gold Corp. Ltd., Class A
  428,700   549,842
 
Zhongsheng Group Holdings Ltd.
  1,088,500   6,158,936
 
Zhuzhou CRRC Times Electric Co. Ltd.
  588,600   3,135,676
 
Zhuzhou Hongda Electronics Corp. Ltd., Class A
  42,700   302,727
 
Zhuzhou Kibing Group Co. Ltd., Class A
  272,501   485,897
*
Zibo Qixiang Tengda Chemical Co. Ltd., Class A
  379,560   408,346
 
Zijin Mining Group Co. Ltd., Class H
  5,099,000   8,434,005
 
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H
  1,859,600   1,034,464
 
ZTE Corp., Class H
  1,020,685   2,464,982
 
ZTO Express Cayman, Inc., ADR
  290,097   8,270,665
 
ZTO Express Cayman, Inc.
  8,950   254,812
TOTAL CHINA
      1,378,356,488
COLOMBIA — (0.1%)
*
BAC Holding International Corp.
  1,290,635   56,861
 
Banco de Bogota SA
  23,788   180,460
 
Bancolombia SA, Sponsored ADR
  39,205   1,185,951
 
Bancolombia SA
  108,694   977,520
 
Ecopetrol SA
  2,140,333   1,223,501
 
Grupo Argos SA
  352,289   706,612
 
Grupo Energia Bogota SA ESP
  442,522   148,802
 
Interconexion Electrica SA ESP
  148,848   606,994
TOTAL COLOMBIA
      5,086,701
CZECH REPUBLIC — (0.2%)
 
CEZ AS
  106,811   4,338,892
 
Komercni Banka AS
  71,546   2,414,777
Ω
Moneta Money Bank AS
  450,001   1,661,307
TOTAL CZECH REPUBLIC
      8,414,976
EGYPT — (0.1%)
 
Commercial International Bank Egypt SAE,GDR
  1,268,802   2,057,690
GREECE — (0.4%)
*
Alpha Services & Holdings SA
  1,298,257   1,768,855
*
Eurobank Ergasias Services & Holdings SA, Class A
  1,373,666   1,863,887
* ††
FF Group
  12,618   0
 
Hellenic Energy Holdings SA
  63,899   539,423
 
Hellenic Telecommunications Organization SA
  136,397   2,150,195
 
JUMBO SA
  96,587   1,734,480
 
Motor Oil Hellas Corinth Refineries SA
  88,858   2,171,493
The Emerging Markets Series
CONTINUED
      Shares   Value»
GREECE — (Continued)
 
Mytilineos SA
  67,692   $1,751,197
*
National Bank of Greece SA
  286,179   1,360,687
 
OPAP SA
  113,020   1,697,068
*
Piraeus Financial Holdings SA
  215,062   445,410
*
Public Power Corp. SA
  74,534   593,797
 
Terna Energy SA
  52,871   1,152,608
TOTAL GREECE
      17,229,100
HONG KONG — (0.0%)
* ††
China Common Rich Renewable Energy Investments Ltd.
  5,416,000   0
HUNGARY — (0.2%)
 
MOL Hungarian Oil & Gas PLC
  832,401   6,220,642
 
OTP Bank Nyrt
  98,803   2,977,081
 
Richter Gedeon Nyrt
  86,739   1,958,688
TOTAL HUNGARY
      11,156,411
INDIA — (14.9%)
 
Aarti Industries Ltd.
  231,928   1,531,857
*
Aarti Pharmalabs Ltd.
  57,982   193,807
 
ABB India Ltd.
  42,105   1,470,716
 
ACC Ltd.
  82,171   1,985,333
 
Adani Enterprises Ltd.
  123,531   4,465,892
*
Adani Green Energy Ltd.
  89,876   1,348,790
 
Adani Ports & Special Economic Zone Ltd.
  377,815   2,840,928
*
Adani Power Ltd.
  716,345   1,966,903
 
Adani Total Gas Ltd.
  110,330   2,850,267
*
Adani Transmission Ltd.
  188,230   4,064,381
*
Aditya Birla Capital Ltd.
  494,383   855,743
 
Alkem Laboratories Ltd.
  25,214   929,746
 
Ambuja Cements Ltd.
  527,875   2,608,034
 
APL Apollo Tubes Ltd.
  18,784   265,235
 
Apollo Hospitals Enterprise Ltd.
  77,348   4,049,770
 
Ashok Leyland Ltd.
  1,078,208   1,976,574
 
Asian Paints Ltd.
  220,693   7,381,142
 
Astral Ltd.
  101,565   2,563,230
 
Atul Ltd.
  2,391   209,295
Ω
AU Small Finance Bank Ltd.
  166,635   1,269,606
 
Aurobindo Pharma Ltd.
  292,903   1,467,513
* Ω
Avenue Supermarts Ltd.
  53,575   2,306,651
 
Axis Bank Ltd.
  1,326,166   14,174,512
 
Bajaj Auto Ltd.
  60,754   2,848,204
 
Bajaj Finance Ltd.
  131,798   9,523,587
 
Bajaj Finserv Ltd.
  159,010   2,622,991
 
Bajaj Holdings & Investment Ltd.
  39,612   2,855,959
 
Balkrishna Industries Ltd.
  110,491   3,007,238
* Ω
Bandhan Bank Ltd.
  603,569   1,810,545
 
Bank of Baroda
  970,898   2,010,278
 
Bank of India
  120,198   123,328
 
Berger Paints India Ltd.
  194,217   1,314,934
 
Bharat Electronics Ltd.
  4,884,542   5,704,313
 
Bharat Forge Ltd.
  271,888   2,920,641
 
Bharat Petroleum Corp. Ltd.
  416,189   1,749,618
 
Bharti Airtel Ltd.
  1,469,776   13,861,858
 
Biocon Ltd.
  396,886   1,146,429
 
Bosch Ltd.
  4,746   995,492
 
Britannia Industries Ltd.
  54,714   2,896,615
 
Canara Bank
  364,746   1,363,591
The Emerging Markets Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
*
CG Power & Industrial Solutions Ltd.
  279,481   $1,033,255
 
Cholamandalam Investment & Finance Co. Ltd.
  510,483   4,437,356
 
Cipla Ltd.
  490,971   6,132,646
 
Coal India Ltd.
  649,232   1,791,299
 
Colgate-Palmolive India Ltd.
  122,914   2,191,403
 
Container Corp. of India Ltd.
  293,158   2,266,923
 
Coromandel International Ltd.
  60,562   664,599
 
Cummins India Ltd.
  81,546   1,434,582
 
Dabur India Ltd.
  338,762   2,305,816
 
Dalmia Bharat Ltd.
  44,184   954,751
 
Deepak Nitrite Ltd.
  86,786   1,997,250
 
Divi's Laboratories Ltd.
  72,911   2,969,463
 
Dixon Technologies India Ltd.
  2,979   97,989
 
DLF Ltd.
  478,113   2,089,077
 
Dr Reddy's Laboratories Ltd., ADR
  102,286   5,502,987
 
Dr Reddy's Laboratories Ltd.
  32,476   1,728,645
 
Eicher Motors Ltd.
  86,505   3,472,499
 
Federal Bank Ltd.
  142,671   235,513
 
GAIL India Ltd.
  2,656,382   3,109,687
 
GAIL India Ltd., GDR
  153,552   1,078,241
 
GlaxoSmithKline Pharmaceuticals Ltd.
  32,553   495,986
*
Godrej Consumer Products Ltd.
  229,531   2,570,789
*
Godrej Properties Ltd.
  90,173   1,309,656
 
Grasim Industries Ltd.
  235,894   4,597,757
 
Gujarat Fluorochemicals Ltd.
  13,111   444,689
 
Gujarat Gas Ltd.
  139,066   778,610
 
Havells India Ltd.
  137,674   1,997,292
 
HCL Technologies Ltd.
  649,423   8,966,057
Ω
HDFC Asset Management Co. Ltd.
  57,914   1,347,001
 
HDFC Bank Ltd.
  1,512,827   29,813,063
Ω
HDFC Life Insurance Co. Ltd.
  302,310   2,144,782
 
Hero MotoCorp Ltd.
  151,940   5,149,765
 
Hindalco Industries Ltd.
  2,190,616   12,660,938
 
Hindustan Aeronautics Ltd.
  73,506   2,308,174
 
Hindustan Petroleum Corp. Ltd.
  547,972   1,598,600
 
Hindustan Unilever Ltd.
  440,646   13,902,009
 
Honeywell Automation India Ltd.
  1,476   711,632
 
Housing Development Finance Corp. Ltd.
  698,934   22,550,980
 
ICICI Bank Ltd., Sponsored ADR
  649,989   13,539,260
 
ICICI Bank Ltd.
  1,390,129   14,275,639
Ω
ICICI Lombard General Insurance Co. Ltd.
  157,840   2,195,732
Ω
ICICI Prudential Life Insurance Co. Ltd.
  181,663   1,008,043
*
IDFC First Bank Ltd.
  3,037,968   2,177,780
 
Indian Bank
  63,224   237,010
 
Indian Hotels Co. Ltd.
  484,337   1,793,112
 
Indian Oil Corp. Ltd.
  1,227,595   1,230,244
*
Indian Overseas Bank
  1,569,149   550,616
 
Indian Railway Catering & Tourism Corp. Ltd.
  293,699   2,299,082
Ω
Indian Railway Finance Corp. Ltd.
  1,082,517   439,841
 
Indraprastha Gas Ltd.
  248,390   1,297,865
 
Indus Towers Ltd.
  1,085,308   2,033,959
 
IndusInd Bank Ltd.
  317,938   4,227,723
 
Info Edge India Ltd.
  53,431   2,416,570
 
Infosys Ltd., Sponsored ADR
  429,715   8,078,642
 
Infosys Ltd.
  1,779,532   33,523,467
* Ω
InterGlobe Aviation Ltd.
  44,288   1,150,242
 
Ipca Laboratories Ltd.
  58,404   608,657
 
ITC Ltd.
  1,903,270   8,219,620
 
Jindal Steel & Power Ltd.
  801,679   5,764,906
The Emerging Markets Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
JSW Energy Ltd.
  334,893   $977,344
 
JSW Steel Ltd.
  1,184,282   10,447,996
 
Jubilant Foodworks Ltd.
  480,298   2,882,868
 
Kansai Nerolac Paints Ltd.
  97,971   506,526
 
Kotak Mahindra Bank Ltd.
  406,367   8,647,619
Ω
L&T Technology Services Ltd.
  25,917   1,062,242
 
Larsen & Toubro Ltd.
  390,209   10,141,580
Ω
Laurus Labs Ltd.
  243,160   985,072
 
Linde India Ltd.
  3,040   123,745
Ω
LTIMindtree Ltd.
  60,639   3,257,912
 
Lupin Ltd.
  226,834   2,047,734
 
Mahindra & Mahindra Financial Services Ltd.
  105,726   301,557
 
Mahindra & Mahindra Ltd.
  905,189   15,281,503
 
Marico Ltd.
  535,354   3,265,475
 
Maruti Suzuki India Ltd.
  41,842   4,563,678
*
Max Financial Services Ltd.
  76,570   781,135
*
Max Healthcare Institute Ltd.
  223,862   1,220,051
 
Motherson Sumi Wiring India Ltd.
  1,855,705   1,175,404
 
Mphasis Ltd.
  110,209   2,812,325
 
MRF Ltd.
  2,139   2,383,192
 
Muthoot Finance Ltd.
  242,710   3,117,402
 
Nestle India Ltd.
  20,232   4,709,990
 
NHPC Ltd.
  1,327,907   715,815
 
NMDC Ltd.
  1,251,805   1,901,280
††
Nmdc Steel Ltd.
  1,251,805   441,187
 
NTPC Ltd.
  1,541,570   3,223,112
 
Oberoi Realty Ltd.
  101,713   1,021,872
 
Oil & Natural Gas Corp. Ltd.
  877,424   1,563,445
 
Oil India Ltd.
  1   3
 
Oracle Financial Services Software Ltd.
  32,810   1,224,560
 
Page Industries Ltd.
  7,482   3,676,976
 
Persistent Systems Ltd.
  53,578   3,083,926
 
Petronet LNG Ltd.
  1,564,099   4,175,062
 
PI Industries Ltd.
  68,216   2,520,674
 
Pidilite Industries Ltd.
  83,120   2,322,405
*
Piramal Pharma Ltd.
  470,376   602,316
 
Polycab India Ltd.
  32,740   1,176,065
 
Power Finance Corp. Ltd.
  2,196,312   3,821,615
 
Power Grid Corp. of India Ltd.
  1,428,971   3,815,755
 
Procter & Gamble Hygiene & Health Care Ltd.
  10,172   1,776,507
 
Punjab National Bank
  1,966,565   1,297,163
 
REC Ltd.
  1,685,443   2,515,064
 
Relaxo Footwears Ltd.
  18,573   187,663
 
Reliance Industries Ltd.
  1,374,995   39,712,193
 
Samvardhana Motherson International Ltd.
  1,988,257   1,838,305
 
SBI Cards & Payment Services Ltd.
  110,720   982,740
Ω
SBI Life Insurance Co. Ltd.
  140,554   2,099,047
 
Schaeffler India Ltd.
  19,777   652,485
 
Shree Cement Ltd.
  5,296   1,538,012
 
Shriram Finance Ltd.
  254,074   4,018,776
 
Siemens Ltd.
  25,712   928,436
 
Solar Industries India Ltd.
  13,045   639,302
 
SRF Ltd.
  145,407   3,893,970
 
State Bank of India
  933,814   6,381,090
 
State Bank of India, GDR
  3,115   211,820
 
Steel Authority of India Ltd.
  2,218,861   2,475,264
 
Sun Pharmaceutical Industries Ltd.
  573,982   7,285,348
 
Sundaram Finance Holdings Ltd.
  40,687   44,269
 
Sundaram Finance Ltd.
  964   26,718
The Emerging Markets Series
CONTINUED
      Shares   Value»
INDIA — (Continued)
 
Supreme Industries Ltd.
  16,517   $509,617
 
Tata Chemicals Ltd.
  90,622   1,084,010
 
Tata Communications Ltd.
  108,655   1,647,338
 
Tata Consultancy Services Ltd.
  551,248   22,750,664
 
Tata Consumer Products Ltd.
  544,677   4,866,898
 
Tata Elxsi Ltd.
  32,921   2,683,599
*
Tata Motors Ltd.
  2,190,397   12,182,371
 
Tata Power Co. Ltd.
  876,822   2,291,554
 
Tata Steel Ltd.
  11,675,250   17,180,244
 
Tech Mahindra Ltd.
  590,572   7,382,176
 
Thermax Ltd.
  1,412   33,188
 
Titan Co. Ltd.
  181,344   5,302,256
 
Torrent Pharmaceuticals Ltd.
  146,574   2,731,926
 
Trent Ltd.
  121,514   1,791,530
 
Tube Investments of India Ltd.
  57,757   1,842,559
 
TVS Motor Co. Ltd.
  213,326   2,720,611
 
UltraTech Cement Ltd.
  66,806   5,797,029
 
Union Bank of India Ltd.
  739,695   716,385
 
United Breweries Ltd.
  45,973   896,242
*
United Spirits Ltd.
  259,011   2,441,783
 
UNO Minda Ltd.
  96,341   575,982
 
UPL Ltd.
  1,035,734   9,601,979
 
Varun Beverages Ltd.
  187,056   2,635,569
 
Vedanta Ltd.
  1,321,724   5,405,371
*
Vodafone Idea Ltd.
  7,119,524   623,932
 
Voltas Ltd.
  162,390   1,595,240
 
Wipro Ltd.
  857,062   4,195,738
 
Zee Entertainment Enterprises Ltd.
  7,924   22,039
 
Zydus Lifesciences Ltd.
  310,331   1,632,751
TOTAL INDIA
      703,064,488
INDONESIA — (1.9%)
 
Adaro Energy Indonesia Tbk PT
  26,638,800   5,278,352
*
Allo Bank Indonesia Tbk PT
  285,800   33,924
 
Aneka Tambang Tbk PT
  6,078,600   941,873
 
Astra International Tbk PT
  16,277,210   6,539,399
 
Bank Central Asia Tbk PT
  24,137,600   13,698,304
*
Bank Jago Tbk PT
  1,898,900   408,856
 
Bank Mandiri Persero Tbk PT
  10,486,334   6,987,422
 
Bank Negara Indonesia Persero Tbk PT
  5,902,722   3,618,314
 
Bank Pan Indonesia Tbk PT
  558,900   58,935
 
Bank Rakyat Indonesia Persero Tbk PT
  31,428,776   9,638,194
 
Bank Syariah Indonesia Tbk PT
  5,884,623   525,390
 
Barito Pacific Tbk PT
  14,033,596   773,896
 
Bukit Asam Tbk PT
  7,340,300   1,668,782
*
Bumi Resources Tbk PT
  40,759,600   416,483
*
Capital Financial Indonesia Tbk PT
  3,491,300   170,011
 
Charoen Pokphand Indonesia Tbk PT
  4,930,800   1,918,217
 
Elang Mahkota Teknologi Tbk PT
  8,468,400   613,467
 
Gudang Garam Tbk PT
  458,300   703,456
 
Indah Kiat Pulp & Paper Tbk PT
  3,417,500   1,904,469
 
Indo Tambangraya Megah Tbk PT
  699,900   1,693,114
 
Indocement Tunggal Prakarsa Tbk PT
  1,530,800   1,023,852
 
Indofood CBP Sukses Makmur Tbk PT
  1,193,300   804,625
 
Indofood Sukses Makmur Tbk PT
  5,902,700   2,652,671
 
Indosat Tbk PT
  968,600   395,081
 
Kalbe Farma Tbk PT
  15,646,700   2,154,229
 
Mayora Indah Tbk PT
  2,611,225   413,327
*
Merdeka Copper Gold Tbk PT
  3,606,495   1,142,178
The Emerging Markets Series
CONTINUED
      Shares   Value»
INDONESIA — (Continued)
 
Mitra Keluarga Karyasehat Tbk PT
  4,337,300   $865,863
*
MNC Digital Entertainment Tbk PT
  169,100   51,125
 
Perusahaan Gas Negara Tbk PT
  9,214,200   953,772
 
Sarana Menara Nusantara Tbk PT
  22,264,500   1,667,519
 
Semen Indonesia Persero Tbk PT
  4,306,129   2,133,112
 
Sinar Mas Agro Resources & Technology Tbk PT
  1,019,900   350,622
 
Sumber Alfaria Trijaya Tbk PT
  10,728,700   2,028,071
 
Telkom Indonesia Persero Tbk PT
  22,978,700   5,938,445
 
Tower Bersama Infrastructure Tbk PT
  2,421,400   339,846
 
Transcoal Pacific Tbk PT
  870,200   487,537
 
Unilever Indonesia Tbk PT
  4,594,500   1,430,183
 
United Tractors Tbk PT
  3,132,496   5,142,795
*
Vale Indonesia Tbk PT
  2,498,500   1,245,981
 
XL Axiata Tbk PT
  8,075,839   1,243,819
TOTAL INDONESIA
      90,055,511
KUWAIT — (0.0%)
 
Boubyan Bank KSCP
  12,325   31,656
 
Kuwait Finance House KSCP
  42,910   117,519
 
National Bank of Kuwait SAKP
  12,655   45,479
TOTAL KUWAIT
      194,654
MALAYSIA — (1.7%)
 
Alliance Bank Malaysia Bhd
  754,000   635,474
 
AMMB Holdings Bhd
  2,079,659   1,993,248
 
Axiata Group Bhd
  1,981,532   1,411,722
 
Batu Kawan Bhd
  120,100   642,666
#
BIMB Holdings Bhd
  844,655   485,279
 
Bursa Malaysia Bhd
  349,100   549,411
#
Carlsberg Brewery Malaysia Bhd, Class B
  142,900   789,644
 
CIMB Group Holdings Bhd
  2,948,870   3,982,899
 
D&O Green Technologies Bhd
  461,100   515,105
 
Dialog Group Bhd
  2,206,018   1,349,046
 
DiGi.Com Bhd
  1,985,320   1,963,480
 
FGV Holdings Bhd
  168,700   53,032
 
Fraser & Neave Holdings Bhd
  135,400   788,876
 
Gamuda Bhd
  2,068,727   1,904,661
 
Genting Bhd
  1,808,100   2,104,354
 
Genting Malaysia Bhd
  2,150,900   1,436,051
 
Genting Plantations Bhd
  294,500   419,437
*
Greatech Technology Bhd
  10,600   12,822
 
HAP Seng Consolidated Bhd
  744,200   1,292,373
 
Hartalega Holdings Bhd
  3,107,000   1,176,825
#
Heineken Malaysia Bhd
  142,000   933,217
 
Hong Leong Bank Bhd
  259,166   1,248,501
 
Hong Leong Financial Group Bhd
  274,783   1,192,381
 
IHH Healthcare Bhd
  744,900   1,035,658
 
IJM Corp. Bhd
  1,900,700   696,249
 
Inari Amertron Bhd
  2,621,400   1,606,638
 
IOI Corp. Bhd
  1,534,905   1,377,297
 
IOI Properties Group Bhd
  1,450,429   374,478
 
Kuala Lumpur Kepong Bhd
  392,146   1,972,777
 
Malayan Banking Bhd
  2,464,719   5,055,109
*
Malaysia Airports Holdings Bhd
  574,941   953,063
 
Malaysian Pacific Industries Bhd
  77,600   610,393
#
Maxis Bhd
  1,355,100   1,260,564
 
MISC Bhd
  629,598   1,081,380
Ω
MR DIY Group M Bhd
  526,850   235,330
The Emerging Markets Series
CONTINUED
      Shares   Value»
MALAYSIA — (Continued)
 
My EG Services Bhd
  5,751,538   $1,232,407
 
Nestle Malaysia Bhd
  43,200   1,369,494
#
Petronas Chemicals Group Bhd
  1,202,900   2,360,618
 
Petronas Dagangan Bhd
  165,700   847,286
 
Petronas Gas Bhd
  360,800   1,424,104
 
PPB Group Bhd
  495,880   2,047,706
 
Press Metal Aluminium Holdings Bhd
  1,958,700   2,389,148
 
Public Bank Bhd
  8,022,870   7,986,107
 
QL Resources Bhd
  932,285   1,282,777
 
RHB Bank Bhd
  1,681,678   2,270,218
 
Scientex Bhd
  251,200   208,269
 
Sime Darby Bhd
  4,048,561   2,198,627
 
Sime Darby Plantation Bhd
  1,349,221   1,371,793
 
Sunway Bhd
  2,164,182   818,459
 
Telekom Malaysia Bhd
  517,329   634,622
 
Tenaga Nasional Bhd
  985,950   2,178,756
 
TIME dotCom Bhd
  1,084,700   1,339,008
#
Top Glove Corp. Bhd
  5,149,500   1,006,365
#
United Plantations Bhd
  124,500   452,818
 
ViTrox Corp. Bhd
  248,800   459,833
 
Westports Holdings Bhd
  732,200   648,408
 
Yinson Holdings Bhd
  1,557,840   983,421
 
YTL Corp. Bhd
  6,697,612   889,232
TOTAL MALAYSIA
      79,538,916
MEXICO — (2.4%)
 
Alfa SAB de CV, Class A
  6,288,589   4,551,842
 
America Movil SAB de CV
  16,406,002   17,128,701
 
Arca Continental SAB de CV
  344,314   3,037,124
 
Becle SAB de CV
  199,974   484,683
*
Cemex SAB de CV
  11,428,443   6,081,251
*
Cemex SAB de CV, Sponsored ADR
  27,210   145,301
 
Coca-Cola Femsa SAB de CV, Sponsored ADR
  3,923   298,854
 
Coca-Cola Femsa SAB de CV
  415,925   3,164,524
 
El Puerto de Liverpool SAB de CV, Class C1
  158,233   1,003,572
 
Fomento Economico Mexicano SAB de CV
  748,304   6,551,758
 
Gruma SAB de CV, Class B
  252,563   3,663,072
#
Grupo Aeroportuario del Pacifico SAB de CV, ADR
  7,588   1,309,461
 
Grupo Aeroportuario del Pacifico SAB de CV, Class B
  217,297   3,742,648
 
Grupo Aeroportuario del Sureste SAB de CV, ADR
  10,751   2,924,272
 
Grupo Aeroportuario del Sureste SAB de CV, Class B
  2,990   81,017
#
Grupo Bimbo SAB de CV, Class A
  736,154   3,654,870
 
Grupo Carso SAB de CV
  427,581   2,145,796
#
Grupo Elektra SAB de CV
  38,882   2,131,123
 
Grupo Financiero Banorte SAB de CV, Class O
  1,935,066   16,030,923
# *
Grupo Financiero Inbursa SAB de CV, Class O
  1,993,100   4,299,393
 
Grupo Mexico SAB de CV, Class B
  2,030,191   9,029,420
# *
Industrias Penoles SAB de CV
  183,600   2,595,390
 
Kimberly-Clark de Mexico SAB de CV, Class A
  1,548,097   2,947,308
 
Orbia Advance Corp. SAB de CV
  2,169,379   4,322,514
 
Organizacion Soriana SAB de CV, Class B
  368,700   598,167
# *
Sitios Latinoamerica SAB de CV
  873,129   402,009
 
Wal-Mart de Mexico SAB de CV
  2,505,757   9,787,230
TOTAL MEXICO
      112,112,223
PERU — (0.1%)
 
Cementos Pacasmayo SAA, ADR
  16,712   89,249
#
Cia de Minas Buenaventura SAA, ADR
  53,274   430,986
The Emerging Markets Series
CONTINUED
      Shares   Value»
PERU — (Continued)
 
Credicorp Ltd.
  34,826   $4,677,132
TOTAL PERU
      5,197,367
PHILIPPINES — (0.7%)
 
Aboitiz Equity Ventures, Inc.
  786,220   820,811
 
Aboitiz Power Corp.
  1,315,100   872,892
 
ACEN Corp.
  3,253,506   418,544
 
Ayala Corp.
  111,872   1,454,877
 
Ayala Land, Inc.
  2,940,018   1,585,734
 
Bank of the Philippine Islands
  1,458,742   2,808,815
 
BDO Unibank, Inc.
  1,864,754   4,205,832
*
Converge Information & Communications Technology Solutions, Inc.
  95,300   30,616
 
DMCI Holdings, Inc.
  858,800   173,387
*
Emperador, Inc.
  1,290,100   484,364
* ††
Fwbc Holdings, Inc.
  2,006,957   0
 
Globe Telecom, Inc.
  21,677   803,830
 
International Container Terminal Services, Inc.
  610,640   2,321,372
 
JG Summit Holdings, Inc.
  2,389,619   2,350,431
 
Jollibee Foods Corp.
  289,280   1,262,183
 
Manila Electric Co.
  109,980   565,814
 
Metro Pacific Investments Corp.
  2,759,700   204,312
 
Metropolitan Bank & Trust Co.
  2,772,648   2,913,062
 
PLDT, Inc., Sponsored ADR
  9,088   232,653
 
PLDT, Inc.
  86,285   2,138,404
 
San Miguel Corp.
  1,213,110   2,221,019
 
San Miguel Food & Beverage, Inc.
  85,800   72,622
 
Semirara Mining & Power Corp.
  448,000   263,328
 
SM Investments Corp.
  102,383   1,731,317
 
SM Prime Holdings, Inc.
  4,214,410   2,855,594
 
Union Bank of the Philippines
  9,477   16,790
 
Universal Robina Corp.
  587,130   1,483,201
 
Wilcon Depot, Inc.
  257,700   150,953
TOTAL PHILIPPINES
      34,442,757
POLAND — (0.7%)
* Ω
Allegro.eu SA
  105,206   732,291
 
Asseco Poland SA
  45,345   798,015
 
Bank Handlowy w Warszawie SA
  20,625   385,967
*
Bank Millennium SA
  172,491   205,327
 
Bank Polska Kasa Opieki SA
  91,994   1,965,843
 
Budimex SA
  5,409   347,868
#
CD Projekt SA
  34,129   1,101,302
 
Cyfrowy Polsat SA
  274,891   1,167,243
* Ω
Dino Polska SA
  30,321   2,746,921
 
Grupa Kety SA
  916   105,737
 
ING Bank Slaski SA
  21,579   861,531
 
Inter Cars SA
  538   56,437
*
Jastrzebska Spolka Weglowa SA
  24,609   384,253
 
KGHM Polska Miedz SA
  94,182   3,079,101
 
KRUK SA
  4,331   351,911
 
LPP SA
  737   1,726,342
*
mBank SA
  14,717   1,084,981
 
Orange Polska SA
  653,211   1,054,533
* Ω
Pepco Group NV
  10,771   104,462
*
PGE Polska Grupa Energetyczna SA
  642,822   1,113,104
 
Polski Koncern Naftowy Orlen SA
  537,177   8,068,194
 
Powszechna Kasa Oszczednosci Bank Polski SA
  357,644   2,667,489
 
Powszechny Zaklad Ubezpieczen SA
  323,904   2,753,178
The Emerging Markets Series
CONTINUED
      Shares   Value»
POLAND — (Continued)
 
Santander Bank Polska SA
  18,161   $1,207,410
TOTAL POLAND
      34,069,440
QATAR — (0.8%)
 
Barwa Real Estate Co.
  193,431   151,298
 
Commercial Bank PSQC
  1,098,896   1,816,645
 
Industries Qatar QSC
  800,630   3,101,959
 
Masraf Al Rayan QSC
  4,010,504   3,019,606
 
Mesaieed Petrochemical Holding Co.
  3,448,812   2,045,960
 
Ooredoo QPSC
  1,353,316   3,325,299
 
Qatar Electricity & Water Co. QSC
  382,308   1,868,833
 
Qatar Fuel QSC
  331,230   1,627,723
 
Qatar Gas Transport Co. Ltd.
  3,740,749   3,915,182
 
Qatar International Islamic Bank QSC
  559,434   1,589,158
 
Qatar Islamic Bank SAQ
  661,998   3,583,769
 
Qatar National Bank QPSC
  2,678,365   13,276,636
 
Qatar Navigation QSC
  12,068   31,585
TOTAL QATAR
      39,353,653
RUSSIA — (0.0%)
* ††
Gazprom PJSC,Sponsored ADR
  1,293,312   0
* ††
Lukoil PJSC, Sponsored ADR
  128,002   0
* ††
Magnitogorsk Iron & Steel Works PJSC, GDR
  172,148   0
* ††
MMC Norilsk Nickel PJSC,ADR
  205,087   0
* ††
Mobile TeleSystems PJSC, ADR
  294,338   0
* ††
Novatek PJSC,GDR
  15,415   0
* ††
Novolipetsk Steel PJSC,GDR
  60,064   0
* ††
PhosAgro PJSC
  582   0
* ††
PhosAgro PJSC,GDR
  90,265   0
* ††
Polyus PJSC,GDR
  20,177   0
* ††
Rosneft Oil Co. PJSC,GDR
  275,526   0
* ††
Rostelecom PJSC,Sponsored ADR
  88,099   0
* ††
RusHydro PJSC,ADR
  808,023   0
* ††
Sberbank of Russia PJSC, Sponsored ADR
  948,237   0
* ††
Severstal PAO,GDR
  67,875   0
* ††
Tatneft PJSC,Sponsored ADR
  122,269   0
* ††
VK Co. Ltd., GDR
  9,666   0
* ††
VTB Bank PJSC,GDR
  1,705,908   0
* ††
X5 Retail Group NV, GDR
  81,764   0
SAUDI ARABIA — (3.7%)
 
Abdullah Al Othaim Markets Co.
  53,471   1,504,213
 
ACWA Power Co.
  7,673   311,502
 
Advanced Petrochemical Co.
  123,833   1,561,739
*
Al Rajhi Bank
  1,034,714   22,713,260
 
Alinma Bank
  765,866   6,747,304
 
Almarai Co. JSC
  156,279   2,316,029
 
Arab National Bank
  505,332   3,735,918
 
Arabian Centres Co. Ltd.
  97,202   520,379
 
Arabian Internet & Communications Services Co.
  9,014   610,374
*
Bank AlBilad
  351,153   4,216,827
 
Bank Al-Jazira
  473,561   2,458,239
 
Banque Saudi Fransi
  482,012   5,270,733
 
Bupa Arabia for Cooperative Insurance Co.
  58,283   2,431,567
*
Dar Al Arkan Real Estate Development Co.
  584,678   1,956,782
 
Dr Sulaiman Al Habib Medical Services Group Co.
  40,198   2,512,493
*
Emaar Economic City
  18,540   40,578
 
Etihad Etisalat Co.
  825,705   7,800,601
The Emerging Markets Series
CONTINUED
      Shares   Value»
SAUDI ARABIA — (Continued)
 
Jarir Marketing Co.
  72,474   $2,913,057
*
Mobile Telecommunications Co. Saudi Arabia
  664,405   1,859,324
 
Mouwasat Medical Services Co.
  52,804   2,907,068
*
Rabigh Refining & Petrochemical Co.
  642,224   1,922,262
 
Riyad Bank
  967,941   7,983,957
 
SABIC Agri-Nutrients Co.
  153,306   5,620,987
 
Sahara International Petrochemical Co.
  631,355   6,281,536
*
Saudi Arabian Mining Co.
  512,286   10,136,777
Ω
Saudi Arabian Oil Co.
  1,160,958   10,242,538
 
Saudi Basic Industries Corp.
  442,004   10,968,601
 
Saudi British Bank
  712,216   6,900,919
 
Saudi Electricity Co.
  366,509   2,258,419
 
Saudi Industrial Investment Group
  411,617   2,734,974
 
Saudi Investment Bank
  413,525   1,986,629
*
Saudi Kayan Petrochemical Co.
  1,067,829   3,806,650
 
Saudi National Bank
  901,579   11,413,607
*
Saudi Research & Media Group
  42,250   2,118,287
 
Saudi Telecom Co.
  976,121   9,633,525
 
Savola Group
  305,124   2,448,295
 
Yanbu National Petrochemical Co.
  267,708   3,172,339
TOTAL SAUDI ARABIA
      174,018,289
SOUTH AFRICA — (3.5%)
 
Absa Group Ltd.
  681,046   7,826,790
 
African Rainbow Minerals Ltd.
  104,112   1,707,277
 
Anglo American Platinum Ltd.
  30,706   2,283,638
 
AngloGold Ashanti Ltd., Sponsored ADR
  343,442   7,219,151
 
Aspen Pharmacare Holdings Ltd.
  422,830   3,689,073
 
Bid Corp. Ltd.
  190,968   3,942,480
 
Bidvest Group Ltd.
  372,608   4,811,930
 
Capitec Bank Holdings Ltd.
  41,839   4,321,394
 
Clicks Group Ltd.
  277,963   4,242,802
*
Discovery Ltd.
  488,952   3,889,191
 
Exxaro Resources Ltd.
  326,361   4,095,780
 
FirstRand Ltd.
  3,036,277   11,281,585
 
Gold Fields Ltd., Sponsored ADR
  642,316   7,348,095
 
Impala Platinum Holdings Ltd.
  665,337   7,715,133
 
Investec Ltd.
  262,805   1,669,332
 
Kumba Iron Ore Ltd.
  44,362   1,358,366
 
Mr Price Group Ltd.
  256,073   2,423,275
 
MTN Group Ltd.
  1,292,967   10,944,469
 
MultiChoice Group
  451,725   3,118,870
 
Naspers Ltd., Class N
  52,455   10,141,589
 
Nedbank Group Ltd.
  487,764   6,321,810
 
NEPI Rockcastle NV
  348,853   2,167,530
 
Ninety One Ltd.
  225,714   557,863
*
Northam Platinum Holdings Ltd.
  303,245   2,974,162
 
Old Mutual Ltd.
  6,452,294   4,398,390
Ω
Pepkor Holdings Ltd.
  1,868,475   2,208,636
 
Sanlam Ltd.
  1,479,776   4,795,404
 
Sasol Ltd., Sponsored ADR
  487,780   8,936,130
 
Shoprite Holdings Ltd.
  295,830   4,095,222
 
Sibanye Stillwater Ltd.
  2,439,984   6,449,490
#
Sibanye Stillwater Ltd., ADR
  234,817   2,526,631
 
Standard Bank Group Ltd.
  688,647   6,871,120
 
Vodacom Group Ltd.
  315,489   2,217,210
 
Woolworths Holdings Ltd.
  1,130,428   4,903,267
TOTAL SOUTH AFRICA
      163,453,085
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (12.0%)
# *
Alteogen, Inc.
  18,172   $547,530
 
Amorepacific Corp.
  8,972   1,066,471
#
Amorepacific Group
  32,258   1,079,925
 
BGF retail Co. Ltd.
  9,471   1,435,521
 
BNK Financial Group, Inc.
  332,888   1,920,399
 
Caregen Co. Ltd.
  975   114,937
#
Celltrion Healthcare Co. Ltd.
  28,780   1,346,917
*
Celltrion Pharm, Inc.
  11,963   624,519
 
Celltrion, Inc.
  46,059   6,078,922
 
Cheil Worldwide, Inc.
  69,463   1,241,356
 
Chunbo Co. Ltd.
  2,789   543,372
#
CJ CheilJedang Corp.
  8,194   2,298,906
 
CJ Corp.
  24,910   1,669,925
 
CJ ENM Co. Ltd.
  20,351   1,780,283
# *
CJ Logistics Corp.
  12,469   916,005
*
CosmoAM&T Co. Ltd.
  12,486   604,403
 
Coway Co. Ltd.
  56,244   2,550,573
 
CS Wind Corp.
  16,801   879,271
 
Daeduck Electronics Co. Ltd.
  12,770   224,252
 
Daejoo Electronic Materials Co. Ltd.
  3,936   276,498
*
Daesung Holdings Co. Ltd.
  2,439   236,728
*
Daewoo Engineering & Construction Co. Ltd.
  313,837   1,227,358
# *
Daewoo Shipbuilding & Marine Engineering Co. Ltd.
  31,106   587,469
 
Daewoong Co. Ltd.
  1,530   27,608
 
Daewoong Pharmaceutical Co. Ltd.
  732   90,822
 
DB HiTek Co. Ltd.
  45,779   1,698,164
 
DB Insurance Co. Ltd.
  79,077   4,214,116
 
DL E&C Co. Ltd.
  57,621   1,790,294
#
DL Holdings Co. Ltd.
  17,437   867,527
*
Dongjin Semichem Co. Ltd.
  30,624   839,699
 
Dongkuk Steel Mill Co. Ltd.
  41,126   458,756
#
Dongsuh Cos., Inc.
  23,600   401,426
*
Dongwha Enterprise Co. Ltd.
  922   40,210
 
Dongwon Systems Corp.
  1,506   53,776
 
Doosan Bobcat, Inc.
  59,853   1,698,521
*
Doosan Enerbility Co. Ltd.
  182,057   2,489,575
# *
Doosan Fuel Cell Co. Ltd.
  28,267   769,949
 
Douzone Bizon Co. Ltd.
  12,968   370,651
#
Ecopro BM Co. Ltd.
  19,332   1,578,390
#
Ecopro Co. Ltd.
  10,539   1,060,820
*
E-MART, Inc.
  20,339   1,728,540
 
F&F Co. Ltd.
  6,380   791,461
#
Fila Holdings Corp.
  50,748   1,602,873
 
Foosung Co. Ltd.
  47,363   492,685
#
Green Cross Corp.
  4,063   427,238
 
GS Engineering & Construction Corp.
  80,479   1,534,811
*
GS Holdings Corp.
  85,332   3,066,220
 
GS Retail Co. Ltd.
  58,202   1,367,861
 
Hana Financial Group, Inc.
  322,527   12,813,100
*
Hanjin Kal Corp.
  7,798   259,731
 
Hankook Tire & Technology Co. Ltd.
  82,943   2,188,849
#
Hanmi Pharm Co. Ltd.
  4,366   912,138
#
Hanmi Science Co. Ltd.
  7,766   190,718
 
Hanon Systems
  115,792   863,831
 
Hansol Chemical Co. Ltd.
  9,131   1,574,417
 
Hanwha Aerospace Co. Ltd.
  27,102   1,777,568
 
Hanwha Corp.
  56,544   1,305,178
*
Hanwha Life Insurance Co. Ltd.
  349,192   779,972
*
Hanwha Solutions Corp.
  53,323   1,976,110
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
HD Hyundai Co. Ltd.
  45,829   $2,278,127
 
Hite Jinro Co. Ltd.
  24,304   520,894
 
HL Mando Co. Ltd.
  37,987   1,381,608
*
HLB, Inc.
  72,164   1,795,604
#
HMM Co. Ltd.
  398,652   7,089,461
 
Hotel Shilla Co. Ltd.
  28,318   1,829,999
*
Hugel, Inc.
  2,731   315,392
*
HYBE Co. Ltd.
  4,789   753,466
 
Hyosung Advanced Materials Corp.
  2,410   754,601
#
Hyosung Corp.
  9,034   518,765
 
Hyosung TNC Corp.
  672   227,311
 
Hyundai Autoever Corp.
  3,735   342,235
 
Hyundai Department Store Co. Ltd.
  6,109   306,495
# *
Hyundai Doosan Infracore Co. Ltd.
  147,699   936,323
 
Hyundai Elevator Co. Ltd.
  15,545   377,561
 
Hyundai Engineering & Construction Co. Ltd.
  84,807   2,636,596
 
Hyundai Glovis Co. Ltd.
  23,148   3,132,671
 
Hyundai Marine & Fire Insurance Co. Ltd.
  92,738   2,334,817
*
Hyundai Mipo Dockyard Co. Ltd.
  15,813   1,038,447
 
Hyundai Mobis Co. Ltd.
  40,679   6,801,816
 
Hyundai Motor Co.
  59,619   8,127,344
*
Hyundai Rotem Co. Ltd.
  47,080   1,060,401
 
Hyundai Steel Co.
  127,563   3,563,238
 
Hyundai Wia Corp.
  16,610   726,206
 
Iljin Materials Co. Ltd.
  12,480   641,725
*
Industrial Bank of Korea
  288,314   2,406,327
 
JB Financial Group Co. Ltd.
  85,283   704,628
 
JYP Entertainment Corp.
  24,714   1,465,116
*
Kakao Corp.
  86,689   4,363,689
*
Kakao Games Corp.
  18,687   710,438
*
Kangwon Land, Inc.
  32,321   619,331
 
KB Financial Group, Inc.
  189,787   8,649,033
 
KB Financial Group, Inc., ADR
  13,649   625,534
 
KCC Corp.
  4,724   910,185
 
KEPCO Engineering & Construction Co., Inc.
  6,591   353,757
 
KEPCO Plant Service & Engineering Co. Ltd.
  13,138   370,688
 
Kia Corp.
  144,165   7,854,385
 
KIWOOM Securities Co. Ltd.
  24,961   2,001,486
*
KMW Co. Ltd.
  13,691   302,184
 
Kolon Industries, Inc.
  19,334   720,068
 
Korea Aerospace Industries Ltd.
  25,553   1,002,687
# *
Korea Electric Power Corp., Sponsored ADR
  25,248   202,489
*
Korea Electric Power Corp.
  92,178   1,488,235
 
Korea Gas Corp.
  24,489   665,095
 
Korea Investment Holdings Co. Ltd.
  51,532   2,629,662
*
Korea Shipbuilding & Offshore Engineering Co. Ltd.
  38,502   2,500,615
 
Korea Zinc Co. Ltd.
  3,555   1,565,745
*
Korean Air Lines Co. Ltd.
  165,436   3,273,352
*
KT Corp., Sponsored ADR
  82,100   1,174,851
*
KT&G Corp.
  54,538   4,090,978
 
Kumho Petrochemical Co. Ltd.
  35,567   4,277,824
 
L&F Co. Ltd.
  6,967   1,176,160
#
LEENO Industrial, Inc.
  10,832   1,512,159
 
LG Chem Ltd.
  19,251   10,865,319
 
LG Corp.
  73,098   4,922,726
# *
LG Display Co. Ltd., ADR
  327,393   1,833,401
*
LG Display Co. Ltd.
  254,096   2,829,400
 
LG Electronics, Inc.
  157,679   12,920,146
 
LG H&H Co. Ltd.
  3,661   2,219,513
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
LG Innotek Co. Ltd.
  8,880   $1,978,366
 
LG Uplus Corp.
  394,844   3,570,669
 
LIG Nex1 Co. Ltd.
  4,208   277,091
#
Lotte Chemical Corp.
  18,445   2,663,035
 
Lotte Chilsung Beverage Co. Ltd.
  2,724   354,356
 
Lotte Corp.
  34,062   897,810
 
LOTTE Fine Chemical Co. Ltd.
  27,002   1,261,296
 
Lotte Shopping Co. Ltd.
  12,790   980,175
 
LS Corp.
  19,269   1,107,603
 
LS Electric Co. Ltd.
  17,507   761,622
 
LX International Corp.
  39,692   1,136,244
 
LX Semicon Co. Ltd.
  11,384   748,565
 
Macquarie Korea Infrastructure Fund
  224,952   2,177,167
#
Meritz Financial Group, Inc.
  23,186   811,909
#
Meritz Fire & Marine Insurance Co. Ltd.
  19,083   799,385
 
Meritz Securities Co. Ltd.
  357,209   1,864,710
 
Mirae Asset Securities Co. Ltd.
  333,586   1,851,858
 
NAVER Corp.
  38,269   6,357,461
 
NCSoft Corp.
  5,915   2,189,326
# Ω
Netmarble Corp.
  17,597   876,485
 
NH Investment & Securities Co. Ltd.
  177,468   1,329,730
 
NongShim Co. Ltd.
  2,906   810,261
# *
OCI Co. Ltd.
  30,830   2,264,168
 
Orion Corp.
  12,205   1,235,440
*
Osstem Implant Co. Ltd.
  7,119   1,082,946
 
Ottogi Corp.
  1,618   625,625
 
Pan Ocean Co. Ltd.
  499,545   2,460,767
*
Paradise Co. Ltd.
  24,370   358,114
*
Pearl Abyss Corp.
  18,229   675,643
#
POSCO Chemical Co. Ltd.
  8,327   1,526,334
#
POSCO Holdings, Inc.
  43,296   10,638,983
 
Posco International Corp.
  94,648   1,812,276
 
S-1 Corp.
  18,026   843,413
 
Samchully Co. Ltd.
  571   226,581
* Ω
Samsung Biologics Co. Ltd.
  5,311   3,429,207
 
Samsung C&T Corp.
  34,701   3,351,494
 
Samsung Card Co. Ltd.
  26,138   644,504
 
Samsung Electro-Mechanics Co. Ltd.
  36,362   4,246,826
 
Samsung Electronics Co. Ltd.
  3,140,501   156,429,074
*
Samsung Engineering Co. Ltd.
  88,657   1,871,022
 
Samsung Fire & Marine Insurance Co. Ltd.
  40,945   6,751,277
*
Samsung Heavy Industries Co. Ltd.
  317,207   1,499,054
 
Samsung Life Insurance Co. Ltd.
  63,894   3,678,515
 
Samsung SDI Co. Ltd.
  19,354   10,846,022
 
Samsung SDS Co. Ltd.
  19,448   1,983,227
 
Samsung Securities Co. Ltd.
  74,696   2,033,348
 
Seegene, Inc.
  36,564   816,104
 
Seoul City Gas Co. Ltd.
  439   169,715
 
SFA Engineering Corp.
  10,979   334,438
 
Shinhan Financial Group Co. Ltd.
  380,795   12,876,359
#
Shinhan Financial Group Co. Ltd., ADR
  46,849   1,593,803
*
Shinsegae, Inc.
  10,056   1,898,083
*
SK Biopharmaceuticals Co. Ltd.
  8,586   506,766
 
SK Chemicals Co. Ltd.
  6,497   443,954
 
SK Hynix, Inc.
  390,989   28,285,641
*
SK Innovation Co. Ltd.
  74,347   9,881,899
 
SK Networks Co. Ltd.
  242,361   801,908
 
SK Telecom Co. Ltd.
  55,517   2,103,822
 
SK, Inc.
  40,728   6,588,057
The Emerging Markets Series
CONTINUED
      Shares   Value»
SOUTH KOREA — (Continued)
 
SKC Co. Ltd.
  12,904   $1,005,949
#
SL Corp.
  10,180   213,495
 
SM Entertainment Co. Ltd.
  9,331   671,246
#
S-Oil Corp.
  33,599   2,423,769
 
Solus Advanced Materials Co. Ltd.
  5,507   177,656
 
Soulbrain Co. Ltd.
  4,534   865,777
#
Ssangyong C&E Co. Ltd.
  107,296   502,631
 
ST Pharm Co. Ltd.
  3,410   226,509
*
Studio Dragon Corp.
  9,633   632,801
*
Taihan Electric Wire Co. Ltd.
  275,870   360,586
 
Tokai Carbon Korea Co. Ltd.
  1,652   140,700
 
WONIK IPS Co. Ltd.
  21,433   541,705
 
Woori Financial Group, Inc.
  563,198   5,874,609
 
Youngone Corp.
  33,033   1,174,755
#
Yuhan Corp.
  30,188   1,284,964
TOTAL SOUTH KOREA
      563,770,139
TAIWAN — (16.4%)
 
Accton Technology Corp.
  390,000   3,187,187
 
Acer, Inc.
  3,398,811   2,837,491
#
Advanced Energy Solution Holding Co. Ltd.
  18,000   476,952
 
Advantech Co. Ltd.
  159,190   1,820,294
#
Airtac International Group
  59,602   2,038,339
 
Alchip Technologies Ltd.
  52,000   1,479,205
 
ASE Technology Holding Co. Ltd., ADR
  27,294   196,519
#
ASE Technology Holding Co. Ltd.
  2,936,782   9,908,825
 
Asia Cement Corp.
  2,725,758   3,840,036
 
ASMedia Technology, Inc.
  20,000   602,550
#
ASPEED Technology, Inc.
  30,300   2,145,799
 
Asustek Computer, Inc.
  627,180   5,712,628
 
AUO Corp.
  7,868,498   4,424,602
 
Catcher Technology Co. Ltd.
  760,429   4,521,993
 
Cathay Financial Holding Co. Ltd.
  4,347,393   6,189,301
 
Chailease Holding Co. Ltd.
  1,317,016   9,925,217
 
Chang Hwa Commercial Bank Ltd.
  4,327,777   2,543,264
 
Cheng Shin Rubber Industry Co. Ltd.
  2,224,965   2,567,483
 
Chicony Electronics Co. Ltd.
  810,497   2,350,492
 
China Airlines Ltd.
  6,027,536   3,931,976
 
China Development Financial Holding Corp.
  13,853,045   6,119,985
 
China Steel Corp.
  11,906,932   12,600,354
 
Chipbond Technology Corp.
  939,000   1,902,298
 
Chroma ATE, Inc.
  317,000   1,967,208
 
Chung Hung Steel Corp.
  940,000   914,612
 
Chunghwa Telecom Co. Ltd., Sponsored ADR
  111,161   4,118,515
 
Chunghwa Telecom Co. Ltd.
  683,000   2,552,451
 
Compal Electronics, Inc.
  5,016,541   3,786,909
 
Compeq Manufacturing Co. Ltd.
  859,000   1,314,486
#
CTBC Financial Holding Co. Ltd.
  16,024,175   12,252,478
 
Delta Electronics, Inc.
  743,486   7,209,928
#
E Ink Holdings, Inc.
  270,000   1,566,749
#
E.Sun Financial Holding Co. Ltd.
  9,531,922   7,807,003
 
Eclat Textile Co. Ltd.
  142,402   2,374,879
 
Elite Material Co. Ltd.
  288,000   1,749,228
 
eMemory Technology, Inc.
  64,000   3,509,018
 
Eternal Materials Co. Ltd.
  768,161   833,166
 
Eva Airways Corp.
  4,130,758   4,031,027
 
Evergreen Marine Corp. Taiwan Ltd.
  1,404,289   7,174,145
 
Far Eastern International Bank
  488,111   190,780
 
Far Eastern New Century Corp.
  3,183,085   3,478,904
The Emerging Markets Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
 
Far EasTone Telecommunications Co. Ltd.
  1,525,000   $3,392,398
 
Faraday Technology Corp.
  122,000   697,854
 
Farglory Land Development Co. Ltd.
  48,000   93,486
 
Feng TAY Enterprise Co. Ltd.
  301,559   1,991,079
 
First Financial Holding Co. Ltd.
  8,470,665   7,388,039
 
Formosa Chemicals & Fibre Corp.
  3,067,518   7,393,629
#
Formosa Petrochemical Corp.
  487,000   1,364,952
 
Formosa Plastics Corp.
  1,714,153   5,109,664
 
Formosa Sumco Technology Corp.
  91,000   476,760
 
Formosa Taffeta Co. Ltd.
  699,000   632,552
 
Foxconn Technology Co. Ltd.
  1,025,627   1,860,128
 
Fubon Financial Holding Co. Ltd.
  3,783,631   7,620,545
 
Genius Electronic Optical Co. Ltd.
  112,695   1,389,044
 
Giant Manufacturing Co. Ltd.
  408,810   2,806,798
 
Gigabyte Technology Co. Ltd.
  662,000   2,570,974
#
Global Unichip Corp.
  76,000   2,005,902
 
Globalwafers Co. Ltd.
  208,000   3,649,371
 
Highwealth Construction Corp.
  1,091,971   1,497,953
 
Hiwin Technologies Corp.
  382,291   2,858,351
 
Hon Hai Precision Industry Co. Ltd.
  5,647,322   18,832,302
 
Hotai Finance Co. Ltd.
  113,000   398,794
 
Hotai Motor Co. Ltd.
  126,000   2,766,346
*
HTC Corp.
  191,000   390,940
 
Hua Nan Financial Holdings Co. Ltd.
  6,943,500   5,282,758
 
Innolux Corp.
  10,807,863   4,421,835
 
International Games System Co. Ltd.
  146,000   2,415,412
#
Inventec Corp.
  2,595,550   2,188,032
 
King Yuan Electronics Co. Ltd.
  1,629,000   2,090,017
 
King's Town Bank Co. Ltd.
  329,000   380,389
#
Kinsus Interconnect Technology Corp.
  315,000   1,196,481
 
Largan Precision Co. Ltd.
  74,860   5,342,111
 
Lien Hwa Industrial Holdings Corp.
  866,061   1,502,558
 
Lite-On Technology Corp.
  2,591,410   5,758,364
 
Lotes Co. Ltd.
  60,139   1,528,793
 
Lotus Pharmaceutical Co. Ltd.
  16,000   127,776
#
Macronix International Co. Ltd.
  2,734,074   3,286,126
 
Makalot Industrial Co. Ltd.
  238,000   1,737,550
 
MediaTek, Inc.
  759,995   18,362,206
#
Mega Financial Holding Co. Ltd.
  8,514,028   9,091,382
#
Merida Industry Co. Ltd.
  207,287   1,261,316
 
Micro-Star International Co. Ltd.
  878,000   3,856,445
 
momo.com, Inc.
  63,000   1,676,528
 
Nan Ya Plastics Corp.
  2,002,599   5,039,795
#
Nan Ya Printed Circuit Board Corp.
  393,000   3,227,151
#
Nanya Technology Corp.
  1,356,010   2,633,947
 
Nien Made Enterprise Co. Ltd.
  164,000   1,709,342
 
Novatek Microelectronics Corp.
  839,000   9,990,698
#
Nuvoton Technology Corp.
  171,000   747,431
# *
Oneness Biotech Co. Ltd.
  141,000   1,270,708
#
Parade Technologies Ltd.
  84,000   2,597,589
 
Pegatron Corp.
  1,911,345   4,120,181
*
PharmaEssentia Corp.
  91,869   1,503,223
 
Phison Electronics Corp.
  152,000   1,892,202
*
Polaris Group
  142,000   485,191
 
Pou Chen Corp.
  2,506,487   2,875,794
 
Powerchip Semiconductor Manufacturing Corp.
  4,114,000   4,745,189
#
Powertech Technology, Inc.
  1,216,819   3,401,102
#
President Chain Store Corp.
  347,831   3,133,118
 
Qisda Corp.
  1,617,000   1,531,198
The Emerging Markets Series
CONTINUED
      Shares   Value»
TAIWAN — (Continued)
 
Quanta Computer, Inc.
  2,513,000   $6,276,187
 
Radiant Opto-Electronics Corp.
  584,000   2,001,954
 
Realtek Semiconductor Corp.
  722,950   7,763,673
 
Ruentex Development Co. Ltd.
  1,568,224   2,348,567
 
Ruentex Industries Ltd.
  715,214   1,602,516
 
Shanghai Commercial & Savings Bank Ltd.
  2,982,718   4,635,566
 
Shin Kong Financial Holding Co. Ltd.
  13,710,712   4,117,517
 
Silergy Corp.
  135,000   2,747,176
 
Simplo Technology Co. Ltd.
  216,000   2,139,892
 
Sinbon Electronics Co. Ltd.
  178,000   1,710,174
 
Sino-American Silicon Products, Inc.
  758,000   4,139,152
#
SinoPac Financial Holdings Co. Ltd.
  9,173,549   5,299,772
 
Standard Foods Corp.
  426,418   589,837
 
Synnex Technology International Corp.
  1,370,343   2,769,448
#
TA Chen Stainless Pipe
  2,019,823   3,034,266
 
Taichung Commercial Bank Co. Ltd.
  3,341,796   1,462,196
 
Taishin Financial Holding Co. Ltd.
  10,372,425   5,638,144
 
Taiwan Business Bank
  7,257,274   3,237,430
 
Taiwan Cement Corp.
  5,147,701   6,235,220
 
Taiwan Cooperative Financial Holding Co. Ltd.
  7,034,365   6,216,055
 
Taiwan FamilyMart Co. Ltd.
  48,000   322,274
 
Taiwan Fertilizer Co. Ltd.
  723,000   1,347,973
 
Taiwan Glass Industry Corp.
  1,363,375   1,066,064
 
Taiwan High Speed Rail Corp.
  1,193,000   1,162,283
 
Taiwan Mobile Co. Ltd.
  904,300   2,853,248
 
Taiwan Secom Co. Ltd.
  247,670   830,628
 
Taiwan Semiconductor Manufacturing Co. Ltd.
  13,416,808   236,763,479
*
Tatung Co. Ltd.
  1,748,000   1,997,609
 
Teco Electric & Machinery Co. Ltd.
  1,902,000   1,825,019
 
Tong Hsing Electronic Industries Ltd.
  29,700   227,941
#
Tripod Technology Corp.
  623,870   2,063,927
 
Tung Ho Steel Enterprise Corp.
  321,040   620,453
 
U-Ming Marine Transport Corp.
  289,000   489,512
 
Unimicron Technology Corp.
  1,828,000   8,416,101
 
Union Bank Of Taiwan
  315,000   169,962
 
Uni-President Enterprises Corp.
  4,367,033   9,810,920
#
United Microelectronics Corp.
  7,299,000   11,944,405
 
Vanguard International Semiconductor Corp.
  1,550,000   5,209,927
 
Voltronic Power Technology Corp.
  75,224   3,806,653
 
Walsin Lihwa Corp.
  2,857,818   5,201,974
 
Walsin Technology Corp.
  395,000   1,192,690
 
Wan Hai Lines Ltd.
  1,145,747   2,919,923
 
Win Semiconductors Corp.
  416,034   2,682,511
 
Winbond Electronics Corp.
  4,548,407   3,295,134
* ††
Wintek Corp.
  604,760   0
 
Wisdom Marine Lines Co. Ltd.
  390,000   793,882
 
Wistron Corp.
  4,067,699   4,279,148
 
Wiwynn Corp.
  80,000   2,009,411
 
WPG Holdings Ltd.
  1,859,039   2,963,585
 
WT Microelectronics Co. Ltd.
  87,000   190,286
 
Yageo Corp.
  316,055   5,736,690
 
Yang Ming Marine Transport Corp.
  2,364,000   4,965,246
#
YFY, Inc.
  1,334,000   1,150,431
 
Yuanta Financial Holding Co. Ltd.
  8,782,849   6,604,319
 
Yulon Finance Corp.
  370,476   2,067,038
 
Yulon Motor Co. Ltd.
  354,000   981,287
 
Zhen Ding Technology Holding Ltd.
  971,700   3,588,132
TOTAL TAIWAN
      773,266,882
The Emerging Markets Series
CONTINUED
      Shares   Value»
THAILAND — (2.5%)
 
Advanced Info Service PCL
  733,300   $4,342,931
 
AEON Thana Sinsap Thailand PCL
  149,100   901,104
*
Airports of Thailand PCL
  1,898,400   4,270,106
 
Asset World Corp. PCL
  5,732,900   1,033,346
 
B Grimm Power PCL
  486,900   593,691
 
Bangchak Corp. PCL
  1,934,400   2,138,915
 
Bangkok Bank PCL
  529,400   2,541,954
 
Bangkok Bank PCL, NVDR
  126,700   608,360
 
Bangkok Chain Hospital PCL
  2,177,500   1,438,034
 
Bangkok Commercial Asset Management PCL
  1,838,500   885,554
 
Bangkok Dusit Medical Services PCL, Class F
  4,406,100   3,970,963
 
Bangkok Expressway & Metro PCL
  3,479,999   1,022,599
 
Bangkok Life Assurance PCL, NVDR
  618,200   547,784
 
Banpu PCL
  8,790,166   3,088,941
 
Banpu Power PCL
  669,100   350,664
 
Berli Jucker PCL
  1,097,400   1,263,290
*
Beyond Securities PCL
  723,900   260,964
 
BTS Group Holdings PCL
  5,069,500   1,297,706
 
Bumrungrad Hospital PCL
  251,300   1,651,987
 
Carabao Group PCL, Class F
  163,600   510,476
 
Central Pattana PCL
  882,500   1,904,821
*
Central Plaza Hotel PCL
  364,500   574,190
 
Central Retail Corp. PCL
  1,073,050   1,381,540
 
CH Karnchang PCL
  1,238,600   847,996
 
Charoen Pokphand Foods PCL
  2,600,700   1,859,331
 
Chularat Hospital PCL, Class F
  5,820,200   705,265
 
CK Power PCL
  1,368,200   187,345
 
Com7 PCL, Class F
  1,409,200   1,334,065
 
CP ALL PCL
  2,280,200   4,593,557
 
Delta Electronics Thailand PCL
  115,000   3,135,414
 
Dohome PCL
  829,600   341,792
 
Electricity Generating PCL
  120,500   635,171
 
Energy Absolute PCL
  698,900   1,831,410
 
Esso Thailand PCL
  1,807,500   509,232
 
Forth Corp. PCL
  260,000   340,654
 
Global Power Synergy PCL, Class F
  282,900   589,196
 
Gulf Energy Development PCL
  1,161,100   1,890,613
 
Gunkul Engineering PCL
  5,933,900   895,208
 
Hana Microelectronics PCL
  388,400   711,851
 
Home Product Center PCL
  3,733,413   1,617,322
 
Indorama Ventures PCL
  1,401,500   1,719,502
 
Intouch Holdings PCL, Class F
  356,100   784,801
 
IRPC PCL
  17,968,000   1,665,619
 
Jay Mart PCL
  380,000   428,809
 
JMT Network Services PCL
  248,053   402,025
 
Kasikornbank PCL
  121,700   534,580
 
Kasikornbank PCL, NVDR
  5,500   24,159
 
KCE Electronics PCL
  1,036,100   1,718,463
 
Kiatnakin Phatra Bank PCL
  304,700   629,984
 
Krung Thai Bank PCL
  1,429,987   758,097
 
Krungthai Card PCL
  619,200   1,059,824
 
Land & Houses PCL
  6,942,300   2,082,059
 
Mega Lifesciences PCL
  434,200   687,275
*
Minor International PCL
  2,018,183   2,032,856
 
MK Restaurants Group PCL
  299,100   514,206
 
Muangthai Capital PCL
  986,600   1,120,797
 
Ngern Tid Lor PCL
  463,100   389,307
 
Osotspa PCL
  947,200   803,441
*
PSG Corp. PCL
  2,151,600   81,475
The Emerging Markets Series
CONTINUED
      Shares   Value»
THAILAND — (Continued)
 
PTT Exploration & Production PCL
  1,189,455   $6,179,689
 
PTT Global Chemical PCL
  1,414,872   2,110,950
 
PTT Oil & Retail Business PCL
  1,182,200   802,220
 
PTT PCL
  6,973,400   7,024,100
 
Ramkhamhaeng Hospital PCL, Class F
  28,200   46,559
 
Ratch Group PCL
  487,100   623,447
 
SCB X PCL
  355,366   1,119,602
 
SCG Packaging PCL
  664,300   1,051,490
 
Siam Cement PCL
  347,900   3,541,181
 
Siam City Cement PCL
  136,389   659,014
 
Siam Global House PCL
  1,544,492   973,203
 
Singer Thailand PCL
  215,000   179,112
 
Sri Trang Agro-Industry PCL
  1,139,508   755,990
 
Sri Trang Gloves Thailand PCL
  1,197,400   377,248
 
Srisawad Corp. PCL
  762,872   1,230,625
 
Star Petroleum Refining PCL
  2,954,000   1,029,112
*
STARK Corp. PCL
  3,710,200   334,941
 
Supalai PCL
  1,627,800   1,193,358
 
Thai Oil PCL
  1,979,917   3,463,805
 
Thai Union Group PCL, Class F
  3,062,540   1,484,418
 
Thanachart Capital PCL
  288,600   373,755
 
Thonburi Healthcare Group PCL
  463,300   968,425
 
Tisco Financial Group PCL
  239,500   743,676
 
TMBThanachart Bank PCL
  24,924,697   1,109,946
 
TOA Paint Thailand PCL
  590,800   608,519
 
Total Access Communication PCL
  389,000   583,323
 
True Corp. PCL
  17,144,931   2,524,216
 
TTW PCL
  1,054,700   301,936
 
VGI PCL
  3,956,670   589,725
 
Vibhavadi Medical Center PCL
  746,200   61,486
 
WHA Corp. PCL
  8,501,900   973,559
TOTAL THAILAND
      119,061,251
TURKEY — (0.7%)
 
Akbank TAS
  4,370,785   3,960,278
#
Aksa Akrilik Kimya Sanayii AS
  70,213   289,425
#
Aksa Enerji Uretim AS
  237,721   449,233
 
Alarko Holding AS
  21,140   78,319
 
Anadolu Efes Biracilik Ve Malt Sanayii AS
  233,645   649,308
#
Arcelik AS
  76,332   436,286
 
Aselsan Elektronik Sanayi Ve Ticaret AS
  194,514   588,550
#
BIM Birlesik Magazalar AS
  283,141   1,877,483
 
Borusan Yatirim ve Pazarlama AS
  2,256   109,211
*
Can2 Termik AS
  1,635   8,546
 
Coca-Cola Icecek AS
  53,405   520,858
 
Dogus Otomotiv Servis ve Ticaret AS
  14,856   125,749
# Ω
Enerjisa Enerji AS
  87,431   153,882
 
Enka Insaat ve Sanayi AS
  775,859   1,227,561
#
Eregli Demir ve Celik Fabrikalari TAS
  701,327   1,423,474
#
Ford Otomotiv Sanayi AS
  45,341   1,233,226
*
Girisim Elektrik Taahhut Ticaret Ve Sanayi AS
  6,211   81,048
# *
Gubre Fabrikalari TAS
  17,401   255,712
*
Hektas Ticaret TAS
  770,209   1,292,105
 
KOC Holding AS
  446,849   1,821,836
 
Kontrolmatik Enerji Ve Muhendislik AS
  13,100   99,351
#
Koza Altin Isletmeleri AS
  22,016   651,798
*
Migros Ticaret AS
  18,380   134,958
 
Otokar Otomotiv Ve Savunma Sanayi AS
  7,991   424,909
# *
Oyak Cimento Fabrikalari AS
  119,573   136,861
The Emerging Markets Series
CONTINUED
      Shares   Value»
TURKEY — (Continued)
*
Pegasus Hava Tasimaciligi AS
  35,848   $944,135
# *
Petkim Petrokimya Holding AS
  1,033,711   900,638
*
Sasa Polyester Sanayi AS
  225,819   1,211,283
*
TAV Havalimanlari Holding AS
  190,894   837,519
 
Tofas Turk Otomobil Fabrikasi AS
  84,552   712,003
*
Turk Hava Yollari AO
  306,328   2,245,881
#
Turk Telekomunikasyon AS
  467,239   511,758
 
Turk Traktor ve Ziraat Makineleri AS
  8,055   246,883
 
Turkcell Iletisim Hizmetleri AS
  972,496   1,885,106
# *
Turkiye Halk Bankasi AS
  384,954   215,762
 
Turkiye Is Bankasi AS, Class C
  2,062,210   1,196,106
# *
Turkiye Petrol Rafinerileri AS
  73,386   2,314,083
 
Turkiye Sise ve Cam Fabrikalari AS
  582,052   1,228,968
# *
Turkiye Vakiflar Bankasi TAO, Class D
  1,127,127   567,523
 
Yapi ve Kredi Bankasi AS
  4,098,669   1,987,547
TOTAL TURKEY
      35,035,162
UNITED ARAB EMIRATES — (1.3%)
 
Abu Dhabi Commercial Bank PJSC
  2,414,977   5,529,377
 
Abu Dhabi Islamic Bank PJSC
  1,919,986   4,935,024
 
Abu Dhabi National Oil Co. for Distribution PJSC
  2,078,002   2,492,740
 
Aldar Properties PJSC
  3,907,903   4,654,071
 
Dubai Islamic Bank PJSC
  4,462,522   6,764,921
 
Emaar Properties PJSC
  5,424,689   8,242,900
 
Emirates Integrated Telecommunications Co. PJSC
  207,413   291,710
 
Emirates NBD Bank PJSC
  1,333,945   4,712,368
 
Emirates Telecommunications Group Co. PJSC
  1,754,520   12,293,164
 
Fertiglobe PLC
  485,311   529,412
 
First Abu Dhabi Bank PJSC
  2,034,758   7,547,693
*
International Holding Co. PJSC
  24,261   2,644,223
TOTAL UNITED ARAB EMIRATES
      60,637,603
UNITED STATES — (0.0%)
 
Sempra Energy
  9,588   1,416,776
TOTAL COMMON STOCKS
      4,622,967,478
PREFERRED STOCKS — (1.0%)
BRAZIL — (1.0%)
 
Banco Bradesco SA
  2,373,138   6,554,261
 
Braskem SA Class A
  82,539   379,338
 
Centrais Eletricas Brasileiras SA Class B
  103,746   867,973
 
Cia de Transmissao de Energia Eletrica Paulista
  122,300   550,992
 
Cia Energetica de Minas Gerais
  1,094,369   2,470,592
 
Cia Paranaense de Energia
  1,292,740   1,978,723
 
Gerdau SA
  653,216   4,212,968
 
Itau Unibanco Holding SA
  2,317,176   11,562,372
 
Petroleo Brasileiro SA
  2,952,047   15,160,622
TOTAL BRAZIL
      43,737,841
CHILE — (0.0%)
 
Embotelladora Andina SA Class B
  379,126   941,258
COLOMBIA — (0.0%)
 
Banco Davivienda SA
  41,304   225,583
 
Grupo Aval Acciones y Valores SA
  2,232,179   273,942
The Emerging Markets Series
CONTINUED
      Shares   Value»
 
COLOMBIA — (Continued)
 
Grupo de Inversiones Suramericana SA
  84,488   $222,212
TOTAL COLOMBIA
      721,737
SOUTH KOREA — (0.0%)
 
Hanwha Solutions Corp.
  456   12,831
TOTAL PREFERRED STOCKS
      45,413,667
RIGHTS/WARRANTS — (0.0%)
MALAYSIA — (0.0%)
*
Yinson Holdings Bhd Warrants 06/21/25
  174,274   30,028
TOTAL INVESTMENT SECURITIES

(Cost $2,919,907,154)
      4,668,411,173
    
        Value†
SECURITIES LENDING COLLATERAL — (1.0%)
@ §
The DFA Short Term Investment Fund
  4,170,084 48,239,528
TOTAL INVESTMENTS — (100.0%)  
(Cost $2,968,142,221)^^
    $4,716,650,701
    
ADR American Depositary Receipt
CP Certificate Participation
GDR Global Depositary Receipt
SA Special Assessment
    
» Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments.
# Total or Partial Securities on Loan.
* Non-Income Producing Securities.
Ω Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Fund’s Liquidity Guidelines. The liquidity determination is unaudited.
†† Security valued using significant unobservable inputs (Level 3).
† See Security Valuation Note within the Notes to Schedules of Investments.
@ Security purchased with cash collateral received from Securities on Loan.
§ Affiliated Fund.
^^ See Federal Tax Cost Note within the Notes to Schedules of Investments.
As of January 31, 2023, The Emerging Markets Series had entered into the following outstanding futures contracts:
Description   Number of
Contracts 		  Expiration
Date 		  Notional
Value 		  Market
Value 		  Unrealized
Appreciation
(Depreciation)
Long Position Contracts:                    
E-Mini MSCI Emerging Markets Index
  630   03/17/23   $30,981,504   $32,904,900   $1,923,396
Total Futures Contracts
          $30,981,504   $32,904,900   $1,923,396
Summary of the Series' investments as of January 31, 2023, based on their valuation inputs, is as follows (see Security Valuation Note):
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Common Stocks              
Brazil
$188,158,125   $11,722   —   $188,169,847
Chile
12,916,676   10,891,393   —   23,808,069
China
201,651,794   1,176,704,694   —   1,378,356,488
The Emerging Markets Series
CONTINUED
  Investments in Securities (Market Value)
  Level 1   Level 2   Level 3   Total
Colombia
$5,029,840   $56,861   —   $5,086,701
Czech Republic
—   8,414,976   —   8,414,976
Egypt
2,497   2,055,193   —   2,057,690
Greece
—   17,229,100   —   17,229,100
Hungary
—   11,156,411   —   11,156,411
India
27,526,516   675,096,785   $441,187   703,064,488
Indonesia
—   90,055,511   —   90,055,511
Kuwait
162,998   31,656   —   194,654
Malaysia
—   79,538,916   —   79,538,916
Mexico
112,112,223   —   —   112,112,223
Peru
5,197,367   —   —   5,197,367
Philippines
232,653   34,210,104   —   34,442,757
Poland
—   34,069,440   —   34,069,440
Qatar
—   39,353,653   —   39,353,653
Saudi Arabia
—   174,018,289   —   174,018,289
South Africa
26,030,007   137,423,078   —   163,453,085
South Korea
5,430,078   558,340,061   —   563,770,139
Taiwan
4,315,034   768,951,848   —   773,266,882
Thailand
116,120,526   2,940,725   —   119,061,251
Turkey
—   35,035,162   —   35,035,162
United Arab Emirates
—   60,637,603   —   60,637,603
United States
—   1,416,776   —   1,416,776
Preferred Stocks              
Brazil
43,737,841   —   —   43,737,841
Chile
—   941,258   —   941,258
Colombia
721,737   —   —   721,737
South Korea
—   12,831   —   12,831
Rights/Warrants              
Malaysia
—   30,028   —   30,028
Securities Lending Collateral
—   48,239,528   —   48,239,528
Futures Contracts**
1,923,396   —   —   1,923,396
TOTAL
$751,269,308   $3,966,863,602   $441,187^   $4,718,574,097
** Valued at the unrealized appreciation/(depreciation) on the investment.
    
^ A reconciliation of Level 3 investments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period in relation to net assets.
ORGANIZATION
The DFA Investment Trust Company (the "Trust") is an open-end management investment company registered under the Investment Company Act of 1940 (the "1940 Act"). The Trust’s advisor is Dimensional Fund Advisors LP (the "Advisor"). At January 31, 2023, the Trust consisted of ten operational portfolios, of which three (the "Series") are included in this document and are "Master Funds" in a master-feeder structure.
SECURITY VALUATION
The Series use a fair value hierarchy, which prioritizes the inputs-to-valuation techniques used to measure fair value into three broad levels described below:
•    Level 1 - inputs are quoted prices in active markets for identical securities (including equity securities, open-end investment companies and futures contracts)
•    Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
•    Level 3 - significant unobservable inputs (including the Series' own assumptions in determining the fair value of investments)
Securities held by the Domestic Equity Portfolio (The U.S. Large Cap Value Series) and the International Equity Portfolios (The DFA International Value Seriesand The Emerging Markets Series) including over-the-counter securities, are valued at the last quoted sale price of the day. International equity securities are subject to a fair value factor, as described later in this note. Securities held by the Domestic Equity Portfolios and the International Equity Portfolios that are listed on Nasdaq are valued at the Nasdaq Official Closing Price ("NOCP"). If there is no last reported sale price or NOCP for the day, the Domestic Equity Portfolios and the International Equity Portfolios value the securities within the range of the most recent quoted bid and ask prices. Price information on listed securities is taken from the exchange where the security is primarily traded. Generally, securities issued by open-end management investment companies are valued using their respective net asset values or public offering prices, as appropriate, for purchase orders placed at the close of the New York Stock Exchange ("NYSE"). These securities are generally categorized as Level 1 in the hierarchy.
Securities for which no market quotations are readily available (including restricted securities), or for which market quotations have become unreliable, are valued in good faith at fair value in accordance with Rule 2a-5 under the 1940 Act pursuant to procedures approved by the Board of Trustees of the Trust. Fair value pricing may also be used if events that have a significant effect on the value of an investment (as determined in the discretion of the Advisor) occur before the net asset value of the Series is calculated. When fair value pricing is used, the prices of securities used by the Series may differ from the quoted or published prices for the same securities on their primary markets or exchanges. These securities are generally categorized as Level 2 or Level 3 in the hierarchy.
The International Equity Portfolios will also apply a fair value price in the circumstances described below. Generally, trading in foreign securities markets is completed each day at various times prior to the close of the NYSE. For example, trading in the Japanese securities markets is completed each day at the close of the Tokyo Stock Exchange (normally, 2:00 a.m. ET), which is fourteen hours before the close of the NYSE (normally, 4:00 p.m. ET) and the time that the net asset values of the International Equity Portfolios are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the International Equity Portfolios price their shares at the close of the NYSE, the International Equity Portfolios will fair value their foreign investments when it is determined that the market quotations for the foreign investments are either unreliable or not readily available. The fair value prices will attempt to reflect the impact of the U.S. financial markets’ perceptions and trading activities on the International Equity Portfolios’ foreign investments since the last closing prices of the foreign investments were calculated on their primary foreign securities markets or exchanges. For these purposes, the Advisor has determined that movements in relevant indices or other appropriate market indicators, after the close of the Tokyo Stock Exchange or the London Stock Exchange, demonstrate that market quotations may be unreliable. Fair valuation of portfolio securities may occur on a daily basis. The fair value pricing by the International Equity Portfolios uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When an International Equity Portfolio uses fair value pricing, the values assigned to the International Equity Portfolio’s foreign investments may not be the quoted or published prices of the investments on their primary markets or exchanges. These securities are generally categorized as Level 2 in the hierarchy.
Futures contracts held by the Series are valued using the settlement price established each day on the exchange on which they are traded. These valuations are generally categorized as Level 1 in the hierarchy.
Over-the-counter derivative contracts, which include forward currency contracts, do not require material subjectivity as pricing inputs are observed from quoted markets and are categorized as Level 2 in the hierarchy.
A summary of the inputs used to value the Series' investments by each major security type, industry and/or country is disclosed previously in this note. A valuation hierarchy table has been included at the end of the Schedule of Investments. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
FINANCIAL INSTRUMENTS
In accordance with the Series' investment objectives and policies, the Series may invest in certain financial instruments that have off-balance sheet risk in excess of the amounts recognized in the financial statements and concentrations of credit and market risk. These instruments and their significant corresponding risks are described below:
1.    FOREIGN MARKET RISKS: Investments in foreign markets may involve certain considerations and risks not typically associated with investments in the United States of America, including the possibility of future political and economic developments and the level of foreign governmental supervision and regulation of foreign securities markets. These markets are generally smaller, less liquid and more volatile than the major securities markets in the United States of America. Consequently, acquisition and disposition of international securities held by the Series may be inhibited.
Derivative Financial Instruments
Summarized below are the specific types of derivative instruments used by the Series.
2.    FUTURES CONTRACTS: The Series may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Series. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum “initial margin” requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as “variation margin” and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series records a realized gain or loss, which is presented in the Statements of Operations as a net realized gain or loss on futures, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Risks may arise upon entrance into futures contracts from potential imperfect price correlations between the futures contracts and the underlying securities or indices, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Series could lose more than the initial margin requirements. Entering into stock index futures subjects the Series to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At January 31, 2023, the total cost of securities for federal income tax purposes was:
  Federal
Tax Cost
The U.S. Large Cap Value Series
$16,548,903
The DFA International Value Series
10,740,187
The Emerging Markets Series
3,015,951
RECENTLY ISSUED ACCOUNTING STANDARDS AND REGULATIONS
In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In January 2021, the FASB issued ASU No. 2021-01, with further amendments to Topic 848. The
amendments in the ASUs provide optional temporary accounting recognition and financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the LIBOR and other interbank-offered based reference rates as of the end of 2021 and 2023. The ASUs were effective for certain reference rate-related contract modifications that occured during the period March 12, 2020 through December 31, 2022. Management has reviewed the requirements and believes the adoption of these ASUs will not have a material impact on the Series' financial statements.
In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the “Derivatives Rule”) imposes limits on the amount of derivatives contracts the Series could enter, eliminates the asset segregation framework previously used by the Series to comply with Section 18 of the 1940 Act, and requires funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Series began complying with the Derivatives Rule on August 19, 2022.
On December 3, 2020, the SEC adopted new Rule 2a-5 (the "Valuation Rule”) under the 1940 Act, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good faith fair value determination and permits a Board to designate fair value determinations to a fund’s investment adviser. Further, the SEC rescinded previously issued guidance on related issues. The Valuation Rule became effective on March 8, 2021 and the Series began complying with the Valuation Rule on August 1, 2022.
OTHER
The Series and the Trust are subject to claims and suits that arise from time to time in the ordinary course of business (for example, claw back litigation against former shareholders of portfolio companies that filed for bankruptcy, such as the now ended litigation involving The Tribune Company and the ongoing litigation involving Nine West). Although management currently believes that resolving claims against the Series and the Trust, individually or in aggregate, will not have a material adverse impact on the Series’ and the Trust’s financial position, results of operations, or cash flows, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.
SUBSEQUENT EVENT EVALUATIONS
On March 10 and March 12, 2023, Federal Deposit Insurance Corporation (FDIC) named itself as the receiver of two banking institutions, Silicon Valley Bank (SVB) and Signature Bank (SB) respectively. As of March 10, 2023 the Series did not have material exposure to SVB or SB. The reported valuations as of January 31, 2023 may be impacted by current market conditions. Management is currently evaluating the effect on the Series.