SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of March 31, 2021
(As a percentage of total investments (excluding short-term money market investment)) (Unaudited)
Sector | Percentage | |||
Government | 59.3 | % | ||
Commercial Paper | 15.6 | % | ||
Financial | 8.5 | % | ||
Energy | 3.8 | % | ||
Technology | 3.5 | % | ||
Consumer, Non-cyclical | 3.2 | % | ||
Consumer, Cyclical | 2.5 | % | ||
Industrial | 1.2 | % | ||
Communications | 1.0 | % | ||
Basic Materials | 0.7 | % | ||
Certificates of Deposits | 0.6 | % | ||
Utilities | 0.1 | % | ||
|
| |||
100.0 | % |
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
Forward Foreign Currency Exchange Contracts sold outstanding as of March 31, 2021
Settlement Date | Currency Purchased | Currency Sold | Counterparty | Total Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
04/07/21 | USD | 2,737,823 | AUD | 3,609,880 | Australia and New Zealand Banking Group | $ | 2,741,905 | $ | | $ | (4,082 | ) | ||||||||||||||||||
04/07/21 | USD | 64,851,638 | AUD | 85,144,846 | State Street Bank and Trust Co. | 64,672,255 | 179,383 | | ||||||||||||||||||||||
04/09/21 | USD | 50,504,745 | GBP | 36,882,656 | Bank of America N.A. | 50,846,873 | | (342,129 | ) | |||||||||||||||||||||
04/12/21 | USD | 89,496,409 | EUR | 73,867,678 | State Street Bank and Trust Co. | 86,635,390 | 2,861,019 | | ||||||||||||||||||||||
04/13/21 | USD | 29,483,750 | SEK | 244,946,371 | State Street Bank and Trust Co. | 28,048,847 | 1,434,903 | | ||||||||||||||||||||||
04/14/21 | USD | 13,358,653 | NOK | 113,402,218 | State Street Bank and Trust Co. | 13,258,657 | 99,996 | | ||||||||||||||||||||||
04/15/21 | USD | 72,454,503 | EUR | 59,989,848 | State Street Bank and Trust Co. | 70,363,214 | 2,091,289 | | ||||||||||||||||||||||
04/21/21 | USD | 89,258,940 | EUR | 73,467,589 | State Street Bank and Trust Co. | 86,182,238 | 3,076,703 | | ||||||||||||||||||||||
04/27/21 | USD | 516,068 | CAD | 648,587 | Bank of America N.A. | 516,132 | | (64 | ) | |||||||||||||||||||||
04/27/21 | USD | 124,862,155 | CAD | 155,652,588 | State Street Bank and Trust Co. | 123,865,129 | 997,026 | | ||||||||||||||||||||||
04/27/21 | USD | 444,285 | CAD | 558,572 | State Street Bank and Trust Co. | 444,500 | | (215 | ) | |||||||||||||||||||||
05/18/21 | USD | 47,212,460 | GBP | 34,300,208 | HSBC Bank USA | 47,292,455 | | (79,996 | ) | |||||||||||||||||||||
06/09/21 | USD | 12,615,030 | SGD | 16,995,710 | State Street Bank and Trust Co. | 12,630,329 | | (15,299 | ) | |||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
$10,740,317 | $ | (441,784 | ) | |||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
Forward Foreign Currency Exchange Contracts purchased outstanding as of March 31, 2021 | ||||||||||||||||||||||||||||||
Settlement Date | Currency Purchased | Currency Sold | Counterparty | Total Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
04/09/21 | GBP | 5,036,382 | USD | 6,893,901 | State Street Bank and Trust Co. | $ | 6,943,217 | $ | 49,315 | $ | | |||||||||||||||||||
04/09/21 | GBP | 1,044,343 | USD | 1,451,593 | State Street Bank and Trust Co. | 1,439,744 | | (11,850 | ) | |||||||||||||||||||||
04/12/21 | EUR | 5,166,440 | USD | 6,059,278 | Australia and New Zealand Banking Group | 6,059,437 | 159 | | ||||||||||||||||||||||
04/12/21 | EUR | 20,076,234 | USD | 24,023,889 | State Street Bank and Trust Co. | 23,546,325 | | (477,564 | ) | |||||||||||||||||||||
04/13/21 | SEK | 7,382,470 | USD | 845,713 | HSBC Bank USA | 845,368 | | (345 | ) | |||||||||||||||||||||
04/13/21 | SEK | 15,104,893 | USD | 1,730,366 | Morgan Stanley & Co., Inc. | 1,729,664 | | (703 | ) | |||||||||||||||||||||
04/13/21 | SEK | 109,496,678 | USD | 12,942,309 | State Street Bank and Trust Co. | 12,538,482 | | (403,828 | ) | |||||||||||||||||||||
04/15/21 | EUR | 11,928,322 | USD | 13,985,588 | Australia and New Zealand Banking Group | 13,990,952 | 5,364 | | ||||||||||||||||||||||
04/15/21 | EUR | 2,052,882 | USD | 2,417,737 | Australia and New Zealand Banking Group | 2,407,864 | | (9,873 | ) | |||||||||||||||||||||
04/15/21 | EUR | 2,039,744 | USD | 2,437,434 | State Street Bank and Trust Co. | 2,392,454 | | (44,980 | ) | |||||||||||||||||||||
04/21/21 | EUR | 24,780,161 | USD | 29,585,738 | State Street Bank and Trust Co. | 29,068,734 | | (517,005 | ) | |||||||||||||||||||||
05/18/21 | GBP | 1,523,264 | USD | 2,100,149 | Bank of America N.A. | 2,100,247 | 97 | | ||||||||||||||||||||||
06/09/21 | SGD | 7,999,595 | USD | 5,941,207 | State Street Bank and Trust Co. | 5,944,883 | 3,676 | | ||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
$ | 58,612 | $ | (1,466,147 | ) | ||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
Total | $10,798,929 | $ | (1,907,931 | ) | ||||||||||||||||||||||||||
|
|
|
|
The accompanying notes are an integral part of these portfolio of investments.
Country Weightings as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
United States | 22.3 | % | ||
Canada | 20.4 | % | ||
Supranational | 14.2 | % | ||
Australia | 7.8 | % | ||
France | 7.4 | % | ||
Germany | 6.8 | % | ||
Switzerland | 3.6 | % | ||
Sweden | 3.6 | % | ||
Netherlands | 3.4 | % | ||
Others | 10.5 | % | ||
|
| |||
100.0 | % |
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Information Technology | 29.3 | % | ||
Consumer Discretionary | 14.1 | % | ||
Health Care | 12.5 | % | ||
Financials | 11.9 | % | ||
Industrials | 10.5 | % | ||
Communication Services | 9.2 | % | ||
Consumer Staples | 6.4 | % | ||
Utilities | 2.7 | % | ||
Materials | 2.4 | % | ||
Energy | 1.0 | % | ||
|
| |||
100.0 | % |
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Financials | 22.7 | % | ||
Health Care | 15.1 | % | ||
Industrials | 13.4 | % | ||
Communication Services | 11.2 | % | ||
Information Technology | 10.5 | % | ||
Consumer Discretionary | 7.4 | % | ||
Materials | 7.2 | % | ||
Energy | 7.0 | % | ||
Consumer Staples | 5.2 | % | ||
Utilities | 0.3 | % | ||
|
| |||
100.0 | % |
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Industrials | 22.1 | % | ||
Financials | 19.6 | % | ||
Consumer Discretionary | 16.9 | % | ||
Information Technology | 13.4 | % | ||
Health Care | 9.6 | % | ||
Materials | 6.4 | % | ||
Consumer Staples | 4.2 | % | ||
Utilities | 3.2 | % | ||
Communication Services | 2.4 | % | ||
Energy | 2.2 | % | ||
|
| |||
100.0 | % |
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of March 31, 2021
(As a percentage of net assets) (Unaudited)
Industry | Percentage | |||
Commercial Banks | 18.5 | % | ||
Automobiles | 10.9 | % | ||
Oil, Gas & Consumable Fuels | 10.4 | % | ||
Insurance | 8.5 | % | ||
Chemicals | 5.4 | % | ||
Metals & Mining | 4.5 | % | ||
Auto Components | 3.2 | % | ||
Pharmaceuticals | 3.0 | % | ||
Real Estate Management & Development | 2.3 | % | ||
Capital Markets | 2.3 | % |
Country Weightings as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
Japan | 22.4 | % | ||
United Kingdom | 13.4 | % | ||
France | 10.4 | % | ||
Germany | 9.1 | % | ||
Canada | 8.6 | % | ||
Switzerland | 8.5 | % | ||
Australia | 6.0 | % | ||
Netherlands | 5.8 | % | ||
Sweden | 2.9 | % | ||
Other | 12.9 | % | ||
|
| |||
100.0 | % |
SA International Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of March 31, 2021
(As a percentage of net assets) (Unaudited)
Industry | Percentage | |||
Commercial Banks | 19.1 | % | ||
Oil, Gas & Consumable Fuels | 9.0 | % | ||
Metals & Mining | 8.3 | % | ||
Real Estate Management & Development | 6.4 | % | ||
Electronic Equipment, Instruments & Components | 4.6 | % | ||
Insurance | 3.9 | % | ||
Automobiles | 3.7 | % | ||
Computers & Peripherals | 3.6 | % | ||
Chemicals | 2.7 | % | ||
Semiconductors & Semiconductor Equipment | 2.6 | % |
Country Weightings as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
China | 36.2 | % | ||
Taiwan | 16.8 | % | ||
Korea | 15.3 | % | ||
India | 11.1 | % | ||
Brazil | 4.4 | % | ||
South Africa | 4.0 | % | ||
Thailand | 2.3 | % | ||
Mexico | 2.1 | % | ||
Malaysia | 1.7 | % | ||
Other | 6.1 | % | ||
|
| |||
100.0 | % |
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanyinging notes are an integral part of these portfolio of investments.
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited) (Continued)
The accompanyinging notes are an integral part of these portfolio of investments.
Portfolio Sectors as of March 31, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Specialized REITs | 27.6 | % | ||
Residential REITs | 14.9 | % | ||
Diversified REITs | 13.7 | % | ||
Retail REITs | 11.1 | % | ||
Industrial REITs | 10.5 | % | ||
Health Care REITs | 9.8 | % | ||
Office REITs | 8.4 | % | ||
Hotels & Resorts REITs | 4.0 | % | ||
|
| |||
100.0 | % |
SA Worldwide Moderate Growth Fund
PORTFOLIO OF INVESTMENTS AS OF MARCH 31, 2021 (Unaudited)
The accompanyinging notes are an integral part of these portfolio of investments.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited)
Security Valuation Domestic equity securities listed on an exchange or stock market for which market quotations are readily available are valued according to the official closing price, if any, or at their last reported sale price on the exchange or stock market where the security is primarily traded, or in the absence of such reported prices, at the mean between the most recent quoted bid and asked prices. Domestic equity securities traded on the over-the-counter markets are valued at the mean between the most recent quoted bid and asked prices in the absence of an official closing price or last reported sale price.
Foreign equity securities traded on a foreign exchange or over-the-counter markets are generally valued at the most recent quoted bid price in the absence of an official closing price or last reported sale price. Foreign securities quoted in foreign currencies are translated into U.S. dollars using prevailing exchange rates.
Fixed income investments are generally valued based on prices received from independent pricing services. In determining the value of a fixed income investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures.
Shares of registered open-end investment companies are valued at the investment companys net asset value. Forward currency contracts are valued based on prices received from independent pricing services. Securities for which market quotations are not readily available, or for which available quotations appear not to accurately reflect the current value of an investment, are valued at fair value as determined in good faith by a pricing committee (the Pricing Committee) (or its designee) appointed by the Board of Trustees of the Trust (the Board or the Trustees) pursuant to procedures approved by the Board.
Certain Funds hold securities traded in foreign markets. Foreign securities are valued at the latest market price in the foreign market. However, if events occurring after the close of the foreign market (but before the close of regular trading on the New York Stock Exchange) are believed to materially affect the value of those securities, such securities may be valued at fair value as determined in good faith by the Pricing Committee (or its designee). Any determinations of fair value made by the Pricing Committee (or its designee) are presented to the Board for ratification.
Valuation of securities by the DFA Portfolio and the Series in which it invests is discussed in the Selected Financial Statements of DFA Investment Dimensions Group Inc. Notes to Financial Statements, and Selected Financial Statements of the DFA Investment Trust Company Notes to Financial Statements, which are included elsewhere in this report.
Fair Value Measurement The Board has adopted procedures to fair value securities and other assets of each Fund when market prices are not readily available or do not accurately reflect their current market value. The Board has designated the responsibility for applying these fair valuation methods to the Pricing Committee (or its designee). For example, a Fund may fair value an asset when it is delisted or trading is halted or suspended; when it has not been traded for an extended period of time; when its primary pricing source is unavailable or other data calls the primary sources reliability into question; or when its primary trading market is closed during regular U.S. market hours. Each Fund makes fair valuation determinations in accordance with the Trusts Procedures for Valuing Securities and Assets, as amended. The Pricing Committee (or its designee) may consider various factors, including unobservable market inputs when arriving at fair value. The Pricing Committee (or its designee) may use, but is not limited to, techniques such as review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book value, and other relevant information when determining fair value. The Pricing Committee regularly reviews these inputs and assumptions when reviewing fair valuations of investments held by
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
the Funds. Fair value pricing involves subjective judgement and it is possible that the fair value determined for an asset is materially different than the value that could be realized upon the sale of that asset. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The Funds value their investments based on a three-level hierarchy of inputs that establishes classification of fair value measurements for disclosure purposes. If inputs used to measure a financial instrument fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. The three-level hierarchy of inputs is summarized in the three broad levels below.
Level 1 unadjusted quoted prices in active markets for identical investments.
Level 2 significant observable inputs other than quoted prices within Level 1 (including quoted prices for similar investments, interest rates, yield curves, foreign exchange rates, put or call provisions, credit risk and default rates for similar securities).
Level 3 significant unobservable inputs to the extent that observable inputs are not available (including the Pricing Committees own assumptions used to determine the fair value of investments).
The tables below provide a summary of the inputs as of March 31, 2021, in valuing each Funds investments:
Investments in Securities | ||||||||||||||||
Description | Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total Balance as of March 31, 2021 | ||||||||||||
Assets |
| |||||||||||||||
SA U.S. Fixed Income Fund |
| |||||||||||||||
Yankee Corporate Bonds and Notes | $ | | $ | 14,012,599 | $ | | $ | 14,012,599 | ||||||||
Corporate Bonds and Notes | | 212,424,141 | | 212,424,141 | ||||||||||||
U.S. Government & Agency Obligations | | 147,919,632 | | 147,919,632 | ||||||||||||
Short-Term Investments | 2,508,847 | 151,042,992 | | 153,551,839 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 2,508,847 | $ | 525,399,364 | $ | | $ | 527,908,211 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Global Fixed Income Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Bonds and Notes | $ | | $ | 695,954,886 | $ | | $ | 695,954,886 | ||||||||
Short-Term Investments | 54,689,019 | | | 54,689,019 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts | | 10,798,929 | | 10,798,929 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 54,689,019 | $ | 706,753,815 | $ | | $ | 761,442,834 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities |
| |||||||||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts | $ | | $ | (1,907,931 | ) | $ | | $ | (1,907,931 | ) | ||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
Investments in Securities | ||||||||||||||||
Description | Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total Balance as of March 31, 2021 | ||||||||||||
SA U.S. Core Market Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 614,248,087 | $ | | $ | | $ | 614,248,087 | ||||||||
Preferred Stocks | 10,978 | | | 10,978 | ||||||||||||
Mutual Funds | 25,227,861 | | | 25,227,861 | ||||||||||||
Short-Term Investments | 1,916,839 | | | 1,916,839 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 641,403,765 | $ | | $ | $ | 641,403,765 | |||||||||
|
|
|
|
|
|
|
| |||||||||
SA U.S. Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 596,068,405 | $ | | $ | | $ | 596,068,405 | ||||||||
Short-Term Investments | 467,463 | | | 467,463 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 596,535,868 | $ | | $ | | $ | 596,535,868 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA U.S. Small Company Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 430,961,209 | $ | 73,243 | $ | 33,041 | | $ | 431,067,493 | |||||||
Preferred Stocks | 205,910 | | | 205,910 | ||||||||||||
Rights and Warrants | | | 640 | | 640 | |||||||||||
Short-Term Investments | 2,652,636 | | | 2,652,636 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 433,819,755 | $ | 73,243 | $ | 33,681 | $ | 433,926,679 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA International Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 625,963,142 | $ | 453,093 | $ | 0 | | $ | 626,416,235 | |||||||
Preferred Stocks | 11,894,912 | | | 11,894,912 | ||||||||||||
Rights and Warrants | 47,445 | | | 47,445 | ||||||||||||
Short-Term Investments | 43,217,331 | | | 43,217,331 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 681,122,830 | $ | 453,093 | $ | 0 | $ | 681,575,923 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA International Small Company Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Mutual Funds | $ | 323,940,406 | $ | | $ | | $ | 323,940,406 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 323,940,406 | $ | | $ | | $ | 323,940,406 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Emerging Markets Value Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 210,469,997 | $ | 192,308 | | $ | 0 | | $ | 210,662,305 | ||||||
Preferred Stocks | 1,968,873 | | | 1,968,873 | ||||||||||||
Short-Term Investments | 4,508,310 | | | 4,508,310 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 216,947,180 | $ | 192,308 | $ | 0 | $ | 217,139,488 | ||||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
Investments in Securities | ||||||||||||||||
Description | Unadjusted Quoted Prices in Active Markets for Identical Investments (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total Balance as of March 31, 2021 | ||||||||||||
SA Real Estate Securities Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Common Stocks | $ | 171,987,725 | $ | | $ | 2,446 | $ | 171,990,171 | ||||||||
Short-Term Investments | 764,548 | | | 764,548 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 172,752,273 | $ | | $ | 2,446 | $ | 172,754,719 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Worldwide Moderate Growth Fund |
| |||||||||||||||
Assets |
| |||||||||||||||
Mutual Funds | $ | 27,028,403 | $ | | $ | | $ | 27,028,403 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 27,028,403 | $ | | $ | | $ | 27,028,403 | ||||||||
|
|
|
|
|
|
|
|
| Contains securities with a market value of zero. |
Transfers between investment valuation levels may occur as the markets fluctuate and/or the availability of data used in an investments valuation changes.
Securities Lending The Funds may lend any of their securities held by State Street Bank and Trust Company (State Street) as custodian to certain qualified broker-dealers, banks and other institutions, except those securities which Buckingham Strategic Partners, LLC (the Adviser) specifically identifies as not being available. Any gain or loss in the fair price of the securities loaned that might occur and any interest or dividends declared during the term of the loan would accrue to the account of the Funds. Risks of delay in recovery of the securities or even loss of rights in the collateral may occur should the borrower of the securities fail financially. Risks may also arise to the extent that the value of the collateral decreases below the value of the securities loaned.
Upon entering into a securities lending transaction, a Fund maintains cash or other securities as collateral in an amount equal to or exceeding 100% of the current fair value of the loaned securities with respect to securities of the U.S. government or its agencies or instrumentalities, a loan of sovereign debt issued by non-U.S. governments, or a loan of non-U.S. corporate debt, 102% of the current fair value of the loaned securities with respect to other U.S. securities and 105% of the current fair value of the loaned securities with respect to foreign equity securities. The fair value of the loaned security is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral is returned by the Fund, on the next business day. Any cash received as collateral is generally invested by State Street, acting in its capacity as securities lending agent (the Agent), in the State Street Navigator Securities Lending Government Money Market Portfolio, which is a money market fund registered under the 1940 Act. A portion of the income received on the collateral is rebated to the borrower of the securities, and the remainder is split between the Agent and each respective Fund.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
As of March 31, 2021, the following Funds had securities on loan, which were collateralized by short-term investments. The value of securities on loan and the value of the related collateral were as follows:
Value of Securities | Value of Cash Collateral | Value of Non-Cash Collateral* | Total Collateral (Including Calculated Mark) | |||||||||||||
SA Global Fixed Income Fund | $ | 50,990,366 | $ | 51,523,480 | $ | 632,101 | $ | 52,155,581 | ||||||||
SA U.S Core Market Fund | $ | 2,595,901 | $ | 110,450 | $ | 2,556,673 | $ | 2,667,123 | ||||||||
SA U.S. Value Fund | $ | 121,478 | $ | | $ | 124,431 | $ | 124,431 | ||||||||
SA U.S. Small Company Fund | $ | 12,005,431 | $ | 2,652,636 | $ | 9,593,476 | $ | 12,246,112 | ||||||||
SA International Value Fund | $ | 77,123,355 | $ | 42,617,256 | $ | 38,001,995 | $ | 80,619,251 | ||||||||
SA Emerging Markets Value Fund | $ | 7,780,114 | $ | 4,174,377 | $ | 3,986,285 | $ | 8,160,662 | ||||||||
SA Real Estate Securities Fund | $ | 3,500,167 | $ | | $ | 3,603,386 | $ | 3,603,386 |
* | The Funds cannot repledge or resell this collateral. The non-cash collateral is comprised of U.S. government securities. |
The following table provides increased transparency about the types of collateral pledged for securities lending transactions that are accounted for as secured borrowing. Non-cash collateral is not reflected in the table because the Funds cannot repledge or resell this collateral.
Remaining Contractual Maturity of the Agreements As of March 31, 2021 | ||||||||||||||||||||
Securities Lending Transaction (1) | Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||||
SA Global Fixed Income Fund |
| |||||||||||||||||||
Government Money Market | $ | 51,523,480 | $ | | $ | | $ | | $ | 51,523,480 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 51,523,480 | $ | | $ | | $ | | $ | 51,523,480 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 51,523,480 | ||||||||||||||||||
|
| |||||||||||||||||||
SA U.S. Core Market Fund |
| |||||||||||||||||||
Government Money Market | $ | 110,450 | $ | | $ | | $ | | $ | 110,450 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 110,450 | $ | | $ | | $ | | $ | 110,450 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 110,450 | ||||||||||||||||||
|
| |||||||||||||||||||
SA U.S. Small Company Fund |
| |||||||||||||||||||
Government Money Market | $ | 2,652,636 | $ | | $ | | $ | | $ | 2,652,636 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 2,652,636 | $ | | $ | | $ | | $ | 2,652,636 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 2,652,636 | ||||||||||||||||||
|
| |||||||||||||||||||
SA International Value Fund |
| |||||||||||||||||||
Government Money Market | $ | 42,617,256 | $ | | $ | | $ | | $ | 42,617,256 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 42,617,256 | $ | | $ | | $ | | $ | 42,617,256 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions | $ | 42,617,256 | ||||||||||||||||||
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
Remaining Contractual Maturity of the Agreements As of March 31, 2021 | ||||||||||||||||||||
Securities Lending Transaction (1) | Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||||
SA Emerging Markets Value Fund |
| |||||||||||||||||||
Government Money Market | $ | 4,174,377 | $ | | $ | | $ | | $ | 4,174,377 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 4,174,377 | $ | | $ | | $ | | $ | 4,174,377 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 4,174,377 | |||||||||||||||||
|
|
(1) | Amounts represent the payable for cash collateral received on securities on loan. This will generally be in the Overnight and Continuous column as the securities are typically callable on demand. The payable will be allocated into categories of securities based on the market value of the securities on loan. |
Foreign Currency Translation and Foreign Investments The books and records of the Funds are maintained in U.S. dollars. The value of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign currency exchange rates prevailing at the end of the period. Purchases and sales of investment securities are translated at contractual currency exchange rates established at the time of the trade. Income and expenses are translated at prevailing exchange rates on the respective dates of such transactions.
The results of operations resulting from changes in foreign exchange rates on investments are not reported separately from fluctuations arising from changes in market prices of securities held. All such fluctuations are included with net realized and unrealized gain or loss on investments. Reported net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Funds books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at period-end, resulting from changes in exchange rates.
Investing in foreign securities may involve certain sovereign and other risks, in addition to the credit and market risks normally associated with domestic securities. Investments in foreign securities are subject to fluctuations in currency exchange rates, which may negatively affect the value of a Funds portfolio. Additional risks may include exposure to less developed or less efficient trading markets; social, political or economic instability; nationalization of assets, currency controls or redenomination; changes in tax policy; high transaction costs; settlement, custodial or other operation risks; and less stringent accounting, auditing, financial reporting, and legal standards and practices. As a result, foreign securities can fluctuate more widely in price, and may also be less liquid, than comparable U.S. securities.
Forward Foreign Currency Exchange Contracts Each Fund that may invest in foreign securities may enter into forward foreign currency exchange contracts. A forward foreign currency exchange contract is an agreement between two parties to buy or sell currency at a set price on a future date. By entering into a forward contract for the purchase or sale for a fixed amount of dollars of the amount of foreign currency involved in an underlying security transaction, a Fund may be able to protect itself against a possible loss resulting from an adverse change in the relationship between the U.S. dollar and the applicable foreign currency during the period between the date the security is purchased or sold and the date on which payment is made or received.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS March 31, 2021 (Unaudited) (Continued)
The market value of a contract will fluctuate with changes in currency exchange rates. The contract is marked-to-market daily using the 4:00 PM Eastern Time pricing for the forward currency exchange rate, and the change in market value is recorded as unrealized appreciation (depreciation) on foreign currency and forward currency transactions in a funds statement of assets and liabilities. When the contract is closed, a realized gain or loss is recognized, which is 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, and recorded as realized gain (loss) on foreign currency and forward currency transactions in a funds statement of operations.
Forward foreign currency exchange contracts may involve risks from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar
Federal Income Tax At March 31, 2021, the aggregate cost of investment securities, aggregate gross unrealized appreciation (depreciation) and net unrealized appreciation (depreciation) for all securities as computed on a federal income tax basis for each Fund were as follows:
Cost | Unrealized Appreciation | Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | |||||||||||||
SA U.S. Fixed Income Fund | $ | 526,772,884 | $ | 1,159,869 | $ | (24,542 | ) | $ | 1,135,327 | |||||||
SA Global Fixed Income Fund | 729,752,960 | 22,448,543 | (1,557,598 | ) | 20,890,945 | |||||||||||
SA U.S. Core Market Fund | 128,067,694 | 513,489,977 | (153,906 | ) | 513,336,071 | |||||||||||
SA U.S. Value Fund | 341,511,554 | 271,004,701 | (15,980,387 | ) | 255,024,314 | |||||||||||
SA U.S. Small Company Fund | 232,319,770 | 216,402,788 | (14,795,879 | ) | 201,606,909 | |||||||||||
SA International Value Fund | 574,734,736 | 147,653,206 | (40,812,019 | ) | 106,841,187 | |||||||||||
SA International Small Company Fund | 166,236,425 | 157,703,981 | | 157,703,981 | ||||||||||||
SA Emerging Markets Value Fund | 181,915,838 | 54,737,267 | (19,513,617 | ) | 35,223,650 | |||||||||||
SA Real Estate Securities Fund | 97,478,261 | 79,540,433 | (4,263,975 | ) | 75,276,458 | |||||||||||
SA Worldwide Moderate Growth | 22,577,731 | 4,501,645 | (50,973 | ) | 4,450,672 |
DFA INVESTMENT DIMENSIONS GROUP INC.
INTERNATIONAL SMALL COMPANY PORTFOLIO
SCHEDULE OF INVESTMENTS
March 31, 2021
(Unaudited)
Value | ||||
AFFILIATED INVESTMENT COMPANIES (99.3%) |
| |||
Investment in The Continental Small Company Series of | $ | 5,108,748,111 | ||
Investment in The Japanese Small Company Series of | 2,649,907,196 | |||
Investment in The United Kingdom Small Company Series of | 1,940,026,126 | |||
Investment in The Asia Pacific Small Company Series of | 1,423,080,172 | |||
Investment in The Canadian Small Company Series of | 1,306,422,004 | |||
|
| |||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES | $ | 12,428,183,609 | ||
|
|
Shares | ||||||||
TEMPORARY CASH INVESTMENTS (0.7%) |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.036% | 93,557,635 | 93,557,635 | ||||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | $ | 12,521,741,244 | ||||||
|
|
As of March 31, 2021, International Small Company Portfolio 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 | 350 | 06/18/21 | $ | 68,806,136 | $ | 69,429,500 | $ | 623,364 | ||||||||||||
|
|
|
|
|
| |||||||||||||||
Total Futures Contracts | $ | 68,806,136 | $ | 69,429,500 | $ | 623,364 | ||||||||||||||
|
|
|
|
|
|
Summary of the Portfolios investments as of March 31, 2019, based on their valuation inputs, is as follows (See Security Valuation Note):
Investments in Securities (Market Value) | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Affiliated Investment Companies | $ | 12,428,183,609 | | | $ | 12,428,183,609 | ||||||||||
Temporary Cash Investments | 93,557,635 | | | 93,557,635 | ||||||||||||
Futures Contracts** | 623,364 | | | 623,364 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 12,522,364,608 | | | $ | 12,522,364,608 | ||||||||||
|
|
|
|
|
|
|
|
** | Valued at the unrealized appreciation/(depreciation) on the investment. |
ORGANIZATION
DFA Investment Dimensions Group Inc. (the Fund) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At March 31, 2021, the Fund consisted of one hundred and six operational portfolios, of which one, International Small Company Portfolio (the Portfolio) is included in this document. The Funds investment advisor is Dimensional Fund Advisors LP (the Advisor). The Portfolio is a Fund-of-Funds, which generally allocates its assets among the five series (the Underlying Funds) of The DFA Investment Trust Company, which is also advised by the Advisor. The Schedules of Investments for the Underlying Funds have been included in this document.
SECURITY VALUATION
The International Small Company Portfolio invests in the five Underlying Funds indicated on its Schedule of Investments.
The Portfolio uses 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 Portfolios own assumptions in determining the fair value of investments) |
Shares held by the International Small Company Portfolio in other investment companies (such as the Underlying Funds) are valued at their respective daily net asset values as reported by their administrator. The Portfolios investments in the Underlying Funds reflect its proportionate interest in the net assets of such corresponding Underlying Fund. These valuations are classified as Level 1 in the hierarchy.
Futures contracts held by the Portfolio 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.
A summary of the inputs used to value the Portfolios 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 for the Portfolio. The methodology or inputs used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
DERIVATIVE FINANCIAL INSTRUMENTS
Summarized below are the specific types of derivative instruments used by the Portfolio.
1. FUTURES CONTRACTS: The Portfolio may purchase or sell futures contracts and options on futures contracts for equity securities and indices to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolio, however, does not intend to sell futures contracts to establish short positions in individual securities. Upon entering into a futures contract, the Portfolio 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 Portfolio as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Portfolio records a realized gain or loss, which is presented in the Statement 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, from the possibility of an illiquid secondary market for these instruments and from the possibility that the Portfolio could lose more than the initial margin requirements. The Portfolio entering into stock index futures is subject to equity price risk from those futures contracts. Counterparty credit risk related to exchange-traded futures is minimal because the exchanges clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At March 31, 2021, the total cost of securities for federal income tax purposes was $9,785,925.
RECENTLY ISSUED ACCOUNTING STANDARDS
In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Funds adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of October 31, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.
In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurements (ASU 2018-13). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Portfolios early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of October 31, 2020.
On July 27, 2017, the head of the United Kingdoms Financial Conduct Authority announced the intention to phase out the use of London Interbank Offered Rate (LIBOR) by the end of 2021. In the interim, there remains uncertainty regarding the impact the transition to replacement rates may have on the value of LIBOR-based investments. In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the LIBOR and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.
CORONAVIRUS (COVID-19) PANDEMIC
The continued worldwide spread of novel coronavirus (COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. If market expectations regarding the impact of COVID-19 worsen, or if expected returns change because investors demand higher returns to invest in these uncertain times, there may be a detrimental impact on returns in the near term.
SUBSEQUENT EVENT EVALUATIONS
On November 12, 2020, President Trump issued an Executive Order titled Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the Order). The Order prohibits U.S. entities from participating in certain types of transactions involving securities of Chinese companies known to be associated with the Chinese military. Management is currently evaluating the Orders effect on the Portfolio.
THE JAPANESE SMALL COMPANY SERIES
SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS
March 31, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (93.3%) |
| |||||||||
COMMUNICATION SERVICES (2.7%) |
| |||||||||
# | Aeria, Inc. | 15,800 | $ | 89,827 | ||||||
# | Akatsuki, Inc. | 30,200 | 1,225,390 | |||||||
* | AlphaPolis Co., Ltd. | 10,700 | 317,989 | |||||||
Amuse, Inc. | 11,000 | 253,406 | ||||||||
# | AOI TYO Holdings, Inc. | 139,131 | 890,076 | |||||||
ARTERIA Networks Corp. | 14,500 | 215,522 | ||||||||
Asahi Broadcasting Group Holdings Corp. | 54,000 | 355,005 | ||||||||
# | Asahi Net, Inc. | 102,300 | 748,620 | |||||||
Ateam, Inc. | 77,600 | 1,206,038 | ||||||||
* | Atrae, Inc. | 66,000 | 1,024,722 | |||||||
# | Avex, Inc. | 239,800 | 2,967,274 | |||||||
#* | Broadmedia Corp. | 55,200 | 44,467 | |||||||
Broccoli Co., Ltd. | 2,900 | 39,546 | ||||||||
Carta Holdings, Inc. | 8,700 | 120,830 | ||||||||
# | Ceres, Inc. | 24,900 | 1,056,956 | |||||||
# | Daiichikosho Co., Ltd. | 65,400 | 2,540,797 | |||||||
DeNA Co., Ltd. | 115,900 | 2,267,084 | ||||||||
Digital Holdings, Inc. | 4,900 | 88,969 | ||||||||
Dip Corp. | 177,300 | 4,664,528 | ||||||||
* | Drecom Co., Ltd. | 22,600 | 161,987 | |||||||
* | eBook Initiative Japan Co., Ltd. | 14,200 | 346,233 | |||||||
# | Extreme Co., Ltd. | 17,300 | 227,014 | |||||||
# | Faith, Inc. | 56,010 | 406,720 | |||||||
FAN Communications, Inc. | 300,200 | 1,119,806 | ||||||||
# | Fibergate, Inc. | 19,700 | 331,176 | |||||||
Freebit Co., Ltd. | 55,300 | 501,549 | ||||||||
#* | GA Technologies Co., Ltd. | 2,400 | 48,065 | |||||||
# | Gakken Holdings Co., Ltd. | 121,800 | 1,607,042 | |||||||
Gree, Inc. | 730,600 | 3,699,159 | ||||||||
Gumi, Inc. | 32,700 | 269,355 | ||||||||
GungHo Online Entertainment, Inc. | 122,800 | 2,432,870 | ||||||||
Imagica Group, Inc. | 105,100 | 513,257 | ||||||||
Imagineer Co., Ltd. | 1,600 | 18,144 | ||||||||
Intage Holdings, Inc. | 224,700 | 2,645,459 | ||||||||
Internet Initiative Japan, Inc. | 252,800 | 5,947,858 | ||||||||
#* | IPS, Inc. | 10,900 | 281,468 | |||||||
ITmedia, Inc. | 30,000 | 507,257 | ||||||||
* | Itokuro, Inc. | 52,400 | 579,183 | |||||||
# | J-Stream, Inc. | 9,500 | 411,619 | |||||||
Kadokawa Corp. | 88,516 | 3,445,257 | ||||||||
* | KLab, Inc. | 141,900 | 1,036,943 | |||||||
LIFULL Co., Ltd. | 327,500 | 1,220,491 | ||||||||
Macromill, Inc. | 239,900 | 2,082,906 | ||||||||
MarkLines Co., Ltd. | 67,000 | 1,517,348 | ||||||||
Marvelous, Inc. | 197,300 | 1,537,428 | ||||||||
Members Co., Ltd. | 45,500 | 1,030,097 | ||||||||
Mixi, Inc. | 229,900 | 5,764,173 | ||||||||
#* | Mobile Factory, Inc. | 10,500 | 144,204 | |||||||
# | MTI, Ltd. | 131,000 | 959,241 | |||||||
* | Mynet, Inc. | 3,500 | 27,180 | |||||||
Okinawa Cellular Telephone Co. | 80,100 | 3,679,797 | ||||||||
# | Orchestra Holdings, Inc. | 3,000 | 84,571 | |||||||
#* | PR Times, Inc. | 11,900 | 382,197 | |||||||
Proto Corp. | 155,200 | 1,646,543 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
COMMUNICATION SERVICES (Continued) | ||||||||||
Septeni Holdings Co., Ltd. | 85,300 | $ | 376,426 | |||||||
* | Shobunsha Holdings, Inc. | 217,400 | 941,156 | |||||||
SKY Perfect JSAT Holdings, Inc. | 878,700 | 3,910,289 | ||||||||
# | SoldOut, Inc. | 6,300 | 91,228 | |||||||
Tohokushinsha Film Corp. | 90,500 | 600,104 | ||||||||
# | Tokyu Recreation Co., Ltd. | 19,200 | 834,416 | |||||||
# | Tow Co., Ltd. | 263,700 | 766,181 | |||||||
TV Asahi Holdings Corp. | 32,600 | 614,377 | ||||||||
Tv Tokyo Holdings Corp. | 88,500 | 1,911,685 | ||||||||
Usen-Next Holdings Co., Ltd. | 52,500 | 982,710 | ||||||||
ValueCommerce Co., Ltd. | 102,100 | 3,325,969 | ||||||||
# | V-Cube, Inc. | 80,700 | 1,946,554 | |||||||
* | Vector, Inc. | 192,300 | 2,260,465 | |||||||
* | Vision, Inc. | 121,300 | 1,215,995 | |||||||
Wowow, Inc. | 35,500 | 902,258 | ||||||||
Zenrin Co., Ltd. | 231,150 | 2,775,389 | ||||||||
|
| |||||||||
TOTAL COMMUNICATION SERVICES | 90,185,845 | |||||||||
|
| |||||||||
CONSUMER DISCRETIONARY (14.0%) | ||||||||||
Adastria Co., Ltd. | 165,140 | 3,034,962 | ||||||||
Adventure, Inc. | 8,800 | 434,098 | ||||||||
Aeon Fantasy Co., Ltd. | 48,932 | 1,076,039 | ||||||||
* | Ahresty Corp. | 152,700 | 667,539 | |||||||
#* | Aigan Co., Ltd. | 60,800 | 127,067 | |||||||
Ainavo Holdings Co., Ltd. | 5,600 | 57,345 | ||||||||
Aisan Industry Co., Ltd. | 215,700 | 1,311,059 | ||||||||
* | Akebono Brake Industry Co., Ltd. | 225,300 | 399,892 | |||||||
# | Alleanza Holdings Co., Ltd. | 80,800 | 972,442 | |||||||
Alpen Co., Ltd. | 107,200 | 2,303,028 | ||||||||
Alpha Corp. | 41,000 | 455,574 | ||||||||
# | Amiyaki Tei Co., Ltd. | 28,200 | 757,049 | |||||||
# | AOKI Holdings, Inc. | 246,900 | 1,380,375 | |||||||
#* | Aoyama Trading Co., Ltd. | 275,000 | 2,063,573 | |||||||
# | Arata Corp. | 87,100 | 3,865,946 | |||||||
Arcland Sakamoto Co., Ltd. | 89,600 | 1,378,776 | ||||||||
Arcland Service Holdings Co., Ltd. | 77,100 | 1,522,683 | ||||||||
Asahi Co., Ltd. | 102,000 | 1,479,511 | ||||||||
# | Asante, Inc. | 43,400 | 705,606 | |||||||
Ashimori Industry Co., Ltd. | 29,499 | 281,347 | ||||||||
ASKUL Corp. | 64,400 | 2,466,155 | ||||||||
# | Asti Corp. | 19,400 | 360,789 | |||||||
# | Atom Corp. | 648,000 | 4,485,508 | |||||||
Atsugi Co., Ltd. | 103,500 | 520,638 | ||||||||
Aucnet, Inc. | 28,200 | 349,603 | ||||||||
Autobacs Seven Co., Ltd. | 459,900 | 6,244,829 | ||||||||
# | Avantia Co., Ltd. | 74,800 | 613,932 | |||||||
# | Baroque Japan, Ltd. | 91,600 | 652,203 | |||||||
#* | Beaglee, Inc. | 35,300 | 480,987 | |||||||
# | Beauty Garage, Inc. | 18,600 | 646,742 | |||||||
Beenos, Inc. | 7,100 | 187,491 | ||||||||
# | Belluna Co., Ltd. | 340,500 | 4,005,730 | |||||||
Benesse Holdings, Inc. | 106,900 | 2,251,877 | ||||||||
Bic Camera, Inc. | 208,500 | 2,342,581 | ||||||||
# | Bookoff Group Holdings, Ltd. | 66,600 | 599,687 | |||||||
# | Can Do Co., Ltd. | 60,900 | 1,107,364 | |||||||
Central Automotive Products, Ltd. | 81,900 | 2,058,273 | ||||||||
# | Central Sports Co., Ltd. | 45,100 | 1,021,226 | |||||||
# | Chieru Co., Ltd. | 1,900 | 27,390 | |||||||
Chiyoda Co., Ltd. | 113,500 | 1,018,279 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
Chofu Seisakusho Co., Ltd. | 128,900 | $ | 2,535,997 | |||||||
# | Chuo Spring Co., Ltd. | 76,000 | 688,098 | |||||||
Cleanup Corp. | 139,400 | 685,319 | ||||||||
# | Colowide Co., Ltd. | 113,800 | 1,956,082 | |||||||
Corona Corp. | 99,000 | 853,042 | ||||||||
#* | Create Restaurants Holdings, Inc. | 558,900 | 4,370,541 | |||||||
Curves Holdings Co., Ltd. | 253,600 | 2,311,119 | ||||||||
Daido Metal Co., Ltd. | 256,600 | 1,365,851 | ||||||||
# | Daidoh, Ltd. | 97,800 | 166,983 | |||||||
Daikoku Denki Co., Ltd. | 56,400 | 524,079 | ||||||||
# | Daikyonishikawa Corp. | 255,500 | 1,793,705 | |||||||
Dainichi Co., Ltd. | 65,200 | 512,397 | ||||||||
Daisyo Corp. | 4,400 | 38,909 | ||||||||
DCM Holdings Co., Ltd. | 713,300 | 7,471,790 | ||||||||
* | Descente, Ltd. | 2,400 | 40,892 | |||||||
Doshisha Co., Ltd. | 158,100 | 2,676,103 | ||||||||
Doutor Nichires Holdings Co., Ltd. | 179,486 | 2,791,793 | ||||||||
# | Dynic Corp. | 36,400 | 273,381 | |||||||
Eagle Industry Co., Ltd. | 165,900 | 1,789,514 | ||||||||
EAT& Holdings Co, Ltd. | 33,000 | 584,333 | ||||||||
# | EDION Corp. | 514,500 | 5,767,864 | |||||||
Enigmo, Inc. | 147,600 | 1,850,631 | ||||||||
ES-Con Japan, Ltd. | 179,200 | 1,274,856 | ||||||||
# | Eslead Corp. | 45,200 | 688,374 | |||||||
ESTELLE Holdings Co., Ltd. | 12,600 | 75,898 | ||||||||
Exedy Corp. | 178,100 | 2,698,624 | ||||||||
FCC Co., Ltd. | 225,300 | 3,794,672 | ||||||||
Felissimo Corp. | 17,800 | 223,659 | ||||||||
Fields Corp. | 23,100 | 120,623 | ||||||||
Fine Sinter Co., Ltd. | 10,300 | 159,666 | ||||||||
First Juken Co., Ltd. | 42,500 | 536,268 | ||||||||
First-corp, Inc. | 45,300 | 307,715 | ||||||||
# | FJ Next Co., Ltd. | 100,900 | 1,024,757 | |||||||
Foster Electric Co., Ltd. | 131,900 | 1,561,865 | ||||||||
France Bed Holdings Co., Ltd. | 153,900 | 1,348,551 | ||||||||
F-Tech, Inc. | 85,300 | 580,551 | ||||||||
# | Fuji Co., Ltd. | 118,700 | 2,307,673 | |||||||
Fuji Corp. | 36,400 | 842,966 | ||||||||
# | Fuji Corp., Ltd. | 168,200 | 1,127,775 | |||||||
Fuji Kyuko Co., Ltd. | 12,500 | 664,545 | ||||||||
Fujibo Holdings, Inc. | 63,300 | 2,293,707 | ||||||||
Fujikura Composites, Inc. | 127,100 | 699,746 | ||||||||
# | Fujio Food Group, Inc. | 30,900 | 381,513 | |||||||
Fujishoji Co., Ltd. | 51,200 | 419,632 | ||||||||
FuKoKu Co., Ltd. | 66,400 | 489,672 | ||||||||
* | Funai Electric Co., Ltd. | 130,700 | 1,087,860 | |||||||
# | Furukawa Battery Co., Ltd. (The) | 88,000 | 1,365,207 | |||||||
# | Furyu Corp. | 100,400 | 977,053 | |||||||
Futaba Industrial Co., Ltd. | 346,800 | 1,863,331 | ||||||||
# | Gakkyusha Co., Ltd. | 49,300 | 593,069 | |||||||
# | Genki Sushi Co., Ltd. | 29,900 | 714,345 | |||||||
Geo Holdings Corp. | 216,200 | 2,324,628 | ||||||||
#* | Gfoot Co., Ltd. | 87,000 | 319,308 | |||||||
GLOBERIDE, Inc. | 53,899 | 2,086,668 | ||||||||
#* | Gokurakuyu Holdings Co., Ltd. | 47,400 | 147,802 | |||||||
Golf Digest Online, Inc. | 61,600 | 721,769 | ||||||||
# | GSI Creos Corp. | 63,184 | 729,763 | |||||||
G-Tekt Corp. | 147,400 | 2,009,150 | ||||||||
# | Gunze, Ltd. | 103,400 | 3,885,326 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
H2O Retailing Corp. | 402,400 | $ | 3,342,206 | |||||||
Hagihara Industries, Inc. | 79,000 | 1,042,262 | ||||||||
* | Hakuyosha Co., Ltd. | 12,900 | 277,664 | |||||||
# | Hamee Corp. | 36,100 | 535,165 | |||||||
# | Handsman Co., Ltd. | 39,600 | 615,093 | |||||||
Happinet Corp. | 100,700 | 1,399,011 | ||||||||
# | Harada Industry Co., Ltd. | 23,300 | 190,839 | |||||||
Hard Off Corp. Co., Ltd. | 58,800 | 442,957 | ||||||||
# | Haruyama Holdings, Inc. | 54,800 | 337,989 | |||||||
Heian Ceremony Service Co., Ltd. | 8,300 | 66,165 | ||||||||
Heiwa Corp. | 77,200 | 1,261,040 | ||||||||
Hiday Hidaka Corp. | 14,797 | 240,546 | ||||||||
HI-LEX Corp. | 115,600 | 1,832,268 | ||||||||
# | Himaraya Co., Ltd. | 32,100 | 287,879 | |||||||
Hinokiya Group Co., Ltd. | 700 | 15,929 | ||||||||
#* | Hiramatsu, Inc. | 104,300 | 148,177 | |||||||
* | HIS Co., Ltd. | 105,900 | 2,128,234 | |||||||
H-One Co., Ltd. | 136,000 | 986,859 | ||||||||
Honeys Holdings Co., Ltd. | 114,040 | 1,117,590 | ||||||||
Hoosiers Holdings | 266,100 | 1,774,882 | ||||||||
#* | Hotland Co., Ltd. | 41,100 | 478,869 | |||||||
House Do Co., Ltd. | 28,700 | 301,520 | ||||||||
* | I K K, Inc. | 4,200 | 26,778 | |||||||
IBJ, Inc. | 86,800 | 748,869 | ||||||||
Ichibanya Co., Ltd. | 96,058 | 4,189,112 | ||||||||
Ichikoh Industries, Ltd. | 162,000 | 1,116,187 | ||||||||
IDOM, Inc. | 399,100 | 2,610,228 | ||||||||
IJTT Co., Ltd. | 143,880 | 799,325 | ||||||||
# | Imasen Electric Industrial | 30,100 | 213,082 | |||||||
Izuhakone Railway Co., Ltd. | 300 | 0 | ||||||||
J Front Retailing Co., Ltd. | 17,600 | 167,890 | ||||||||
# | Janome Sewing Machine Co., Ltd. | 104,900 | 792,868 | |||||||
# | Japan Best Rescue System Co., Ltd. | 114,400 | 876,067 | |||||||
Japan Wool Textile Co., Ltd. (The) | 350,400 | 3,266,233 | ||||||||
# | JFLA Holdings, Inc. | 106,300 | 350,787 | |||||||
# | JINS Holdings, Inc. | 82,900 | 5,911,521 | |||||||
# | Joban Kosan Co., Ltd. | 42,799 | 559,763 | |||||||
# | Joshin Denki Co., Ltd. | 109,800 | 3,141,673 | |||||||
Joyful Honda Co., Ltd. | 15,000 | 194,791 | ||||||||
JP-Holdings, Inc. | 339,700 | 876,258 | ||||||||
JVCKenwood Corp. | 747,400 | 1,488,045 | ||||||||
# | Kasai Kogyo Co., Ltd. | 159,200 | 654,646 | |||||||
Kawai Musical Instruments Manufacturing Co., Ltd. | 34,000 | 1,077,525 | ||||||||
# | Keiyo Co., Ltd. | 245,000 | 1,625,070 | |||||||
KeyHolder, Inc. | 2,100 | 19,257 | ||||||||
# | KFC Holdings Japan, Ltd. | 69,400 | 1,865,065 | |||||||
King Co., Ltd. | 54,100 | 285,601 | ||||||||
# | Kintetsu Department Store Co., Ltd. | 53,900 | 1,585,783 | |||||||
Ki-Star Real Estate Co., Ltd. | 50,600 | 1,849,846 | ||||||||
Kohnan Shoji Co., Ltd. | 152,700 | 4,400,157 | ||||||||
Kojima Co., Ltd. | 189,400 | 1,211,623 | ||||||||
# | Komatsu Matere Co., Ltd. | 209,500 | 1,843,673 | |||||||
KOMEDA Holdings Co., Ltd. | 306,800 | 5,595,843 | ||||||||
Komehyo Holdings Co., Ltd. | 39,800 | 386,691 | ||||||||
Komeri Co., Ltd. | 210,400 | 5,867,737 | ||||||||
# | Konaka Co., Ltd. | 163,506 | 491,789 | |||||||
Koshidaka Holdings Co., Ltd. | 188,000 | 1,014,215 | ||||||||
* | Kourakuen Holdings Corp. | 9,200 | 142,439 | |||||||
# | KU Holdings Co., Ltd. | 115,500 | 1,016,051 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
Kura Sushi, Inc. | 19,300 | $ | 1,300,214 | |||||||
Kurabo Industries, Ltd. | 121,000 | 2,098,530 | ||||||||
Kushikatsu Tanaka Holdings Co. | 8,000 | 134,187 | ||||||||
* | KYB Corp. | 133,400 | 3,653,257 | |||||||
LEC, Inc. | 156,800 | 1,791,435 | ||||||||
* | Litalico, Inc. | 42,200 | 1,568,327 | |||||||
#* | Locondo, Inc. | 20,800 | 420,336 | |||||||
Look Holdings, Inc. | 24,200 | 265,893 | ||||||||
Mamiya-Op Co., Ltd. | 25,100 | 174,418 | ||||||||
Mars Group Holdings Corp. | 83,200 | 1,242,798 | ||||||||
Maruzen CHI Holdings Co., Ltd. | 106,300 | 373,923 | ||||||||
Matsuoka Corp. | 2,500 | 43,545 | ||||||||
# | Matsuyafoods Holdings Co., Ltd. | 56,700 | 1,794,200 | |||||||
Media Do Co., Ltd. | 32,700 | 1,945,662 | ||||||||
# | Meiko Network Japan Co., Ltd. | 134,900 | 728,364 | |||||||
Meiwa Estate Co., Ltd. | 78,000 | 498,914 | ||||||||
Mikuni Corp. | 154,900 | 445,779 | ||||||||
* | Mitsuba Corp. | 209,590 | 1,287,920 | |||||||
# | Mizuno Corp. | 119,700 | 2,356,998 | |||||||
Monogatari Corp. (The) | 62,600 | 4,076,756 | ||||||||
Morito Co., Ltd. | 105,900 | 618,379 | ||||||||
# | MrMax Holdings, Ltd. | 158,200 | 1,029,488 | |||||||
Murakami Corp. | 30,200 | 875,886 | ||||||||
Musashi Seimitsu Industry Co., Ltd. | 306,100 | 5,248,421 | ||||||||
# | Nafco Co., Ltd. | 50,300 | 973,636 | |||||||
Nagase Brothers, Inc. | 200 | 9,852 | ||||||||
Nagawa Co., Ltd. | 44,300 | 3,570,904 | ||||||||
# | Nakayamafuku Co., Ltd. | 74,400 | 331,497 | |||||||
New Art Holdings Co., Ltd. | 8,934 | 89,275 | ||||||||
Nextage Co., Ltd. | 193,700 | 3,312,130 | ||||||||
NHK Spring Co., Ltd. | 619,000 | 4,658,396 | ||||||||
# | Nichirin Co., Ltd. | 61,160 | 988,510 | |||||||
Nihon House Holdings Co., Ltd. | 283,600 | 870,499 | ||||||||
Nihon Plast Co., Ltd. | 107,800 | 604,421 | ||||||||
Nihon Tokushu Toryo Co., Ltd. | 79,400 | 773,981 | ||||||||
Nikki Co., Ltd. | 2,100 | 34,626 | ||||||||
# | Nippon Felt Co., Ltd. | 84,000 | 344,094 | |||||||
# | Nippon Piston Ring Co., Ltd. | 46,000 | 484,665 | |||||||
Nippon Seiki Co., Ltd. | 326,900 | 3,801,086 | ||||||||
Nishikawa Rubber Co., Ltd. | 32,400 | 441,477 | ||||||||
Nishimatsuya Chain Co., Ltd. | 254,500 | 3,850,042 | ||||||||
# | Nissan Shatai Co., Ltd. | 500,500 | 3,608,959 | |||||||
# | Nissan Tokyo Sales Holdings Co., Ltd. | 166,400 | 390,168 | |||||||
Nittan Valve Co., Ltd. | 93,500 | 187,736 | ||||||||
Nojima Corp. | 199,700 | 5,085,827 | ||||||||
NOK Corp. | 38,500 | 524,394 | ||||||||
# | Ohashi Technica, Inc. | 66,800 | 949,383 | |||||||
# | Ohsho Food Service Corp. | 84,200 | 4,432,605 | |||||||
* | Oisix ra daichi, Inc. | 74,800 | 1,975,948 | |||||||
Onward Holdings Co., Ltd. | 625,700 | 1,766,338 | ||||||||
# | Ozu Corp. | 19,000 | 346,082 | |||||||
Pacific Industrial Co., Ltd. | 286,700 | 3,306,511 | ||||||||
* | PAL GROUP Holdings Co., Ltd. | 135,300 | 1,876,297 | |||||||
PAPYLESS Co., Ltd. | 33,000 | 641,506 | ||||||||
# | Paris Miki Holdings, Inc. | 131,400 | 344,775 | |||||||
# | PC Depot Corp. | 183,381 | 821,945 | |||||||
People Co., Ltd. | 14,600 | 134,977 | ||||||||
Piolax, Inc. | 198,100 | 2,915,168 | ||||||||
Plenus Co., Ltd. | 54,000 | 923,421 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
Press Kogyo Co., Ltd. | 629,500 | $ | 1,899,924 | |||||||
# | Pressance Corp. | 92,900 | 1,421,344 | |||||||
* | QB Net Holdings Co., Ltd. | 18,200 | 272,030 | |||||||
# | Raccoon Holdings, Inc. | 90,200 | 2,219,234 | |||||||
Regal Corp. | 1,500 | 27,825 | ||||||||
# | Renaissance, Inc. | 74,700 | 793,250 | |||||||
Resorttrust, Inc. | 440,600 | 7,381,733 | ||||||||
Rhythm Co., Ltd. | 46,900 | 384,739 | ||||||||
# | Riberesute Corp. | 46,100 | 358,906 | |||||||
# | Ride On Express Holdings Co., Ltd. | 46,900 | 716,152 | |||||||
#* | Right On Co., Ltd. | 100,725 | 634,616 | |||||||
# | Riken Corp. | 59,500 | 1,347,008 | |||||||
Riso Kyoiku Co., Ltd. | 626,300 | 1,918,830 | ||||||||
Round One Corp. | 144,000 | 1,622,168 | ||||||||
* | Royal Holdings Co., Ltd. | 7,000 | 126,793 | |||||||
# | Sacs Bar Holdings, Inc. | 125,350 | 686,064 | |||||||
Saizeriya Co., Ltd. | 191,100 | 3,931,290 | ||||||||
# | Sakai Ovex Co., Ltd. | 31,499 | 855,442 | |||||||
San Holdings, Inc. | 61,300 | 612,596 | ||||||||
* | Sanden Holdings Corp. | 16,100 | 58,410 | |||||||
Sanei Architecture Planning Co., Ltd. | 55,200 | 881,898 | ||||||||
Sangetsu Corp. | 306,650 | 4,657,821 | ||||||||
Sankyo Co., Ltd. | 85,600 | 2,270,097 | ||||||||
# | Sankyo Seiko Co., Ltd. | 248,900 | 1,238,907 | |||||||
# | Sanoh Industrial Co., Ltd. | 157,800 | 1,850,001 | |||||||
Sanyei Corp. | 4,300 | 83,190 | ||||||||
# | Sanyo Electric Railway Co., Ltd. | 112,598 | 1,922,487 | |||||||
* | Sanyo Shokai, Ltd. | 65,899 | 472,253 | |||||||
# | Scroll Corp. | 182,600 | 1,798,885 | |||||||
# | Seiko Holdings Corp. | 165,881 | 2,820,237 | |||||||
# | Seiren Co., Ltd. | 305,700 | 5,389,624 | |||||||
* | Senshukai Co., Ltd. | 174,600 | 590,039 | |||||||
* | Shidax Corp. | 137,200 | 372,685 | |||||||
# | Shikibo, Ltd. | 65,500 | 589,106 | |||||||
# | Shimojima Co., Ltd. | 46,100 | 537,339 | |||||||
Shoei Co., Ltd. | 153,500 | 6,341,521 | ||||||||
* | Silver Life Co., Ltd. | 2,000 | 38,507 | |||||||
# | Snow Peak, Inc. | 65,500 | 2,039,809 | |||||||
# | SNT Corp. | 197,100 | 517,177 | |||||||
# | Soft99 Corp. | 83,400 | 974,382 | |||||||
Sotoh Co., Ltd. | 47,400 | 353,162 | ||||||||
# | Space Value Holdings Co., Ltd. | 199,500 | 1,436,036 | |||||||
SPK Corp. | 45,400 | 530,504 | ||||||||
#* | SRS Holdings Co., Ltd. | 47,600 | 369,751 | |||||||
# | St Marc Holdings Co., Ltd. | 100,800 | 1,569,136 | |||||||
Step Co., Ltd. | 61,500 | 872,721 | ||||||||
Studio Alice Co., Ltd. | 52,700 | 998,379 | ||||||||
Suminoe Textile Co., Ltd. | 32,800 | 673,117 | ||||||||
Sumitomo Riko Co., Ltd. | 254,600 | 1,644,953 | ||||||||
# | Suncall Corp. | 129,600 | 567,451 | |||||||
# | Syuppin Co., Ltd. | 124,400 | 1,153,372 | |||||||
T RAD Co., Ltd. | 37,900 | 700,632 | ||||||||
Tachikawa Corp. | 69,800 | 871,605 | ||||||||
# | Tachi-S Co., Ltd. | 198,640 | 2,158,263 | |||||||
# | Taiho Kogyo Co., Ltd. | 113,300 | 1,097,405 | |||||||
Takashimaya Co., Ltd. | 701,000 | 7,505,249 | ||||||||
Take And Give Needs Co., Ltd. | 65,910 | 571,780 | ||||||||
Takihyo Co., Ltd. | 30,600 | 519,200 | ||||||||
Tama Home Co., Ltd. | 91,000 | 1,809,770 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
Tamron Co., Ltd. | 106,900 | $ | 2,086,281 | |||||||
# | Tbk Co., Ltd. | 155,300 | 633,431 | |||||||
# | Tear Corp. | 60,900 | 271,479 | |||||||
Temairazu, Inc. | 5,400 | 258,706 | ||||||||
Tenpos Holdings Co., Ltd. | 17,700 | 384,071 | ||||||||
T-Gaia Corp. | 132,300 | 2,296,020 | ||||||||
# | Tigers Polymer Corp. | 79,800 | 344,903 | |||||||
Toa Corp. | 161,700 | 1,409,886 | ||||||||
Toabo Corp. | 45,799 | 200,173 | ||||||||
Tokai Rika Co., Ltd. | 322,000 | 5,476,245 | ||||||||
Token Corp. | 47,650 | 4,654,877 | ||||||||
* | Tokyo Base Co., Ltd. | 106,600 | 679,198 | |||||||
Tokyo Individualized Educational Institute, Inc. | 78,300 | 437,875 | ||||||||
Tokyo Radiator Manufacturing Co., Ltd. | 24,300 | 129,835 | ||||||||
Tokyotokeiba Co., Ltd. | 76,000 | 3,844,839 | ||||||||
Tomy Co., Ltd. | 565,593 | 5,150,651 | ||||||||
Topre Corp. | 227,500 | 3,219,336 | ||||||||
# | Toridoll Holdings Corp. | 288,200 | 4,331,058 | |||||||
#* | Torikizoku Holdings Co., Ltd. | 27,900 | 415,697 | |||||||
Tosho Co., Ltd. | 96,100 | 1,626,988 | ||||||||
Toyo Tire Corp. | 157,600 | 2,799,461 | ||||||||
TPR Co., Ltd. | 157,300 | 2,289,356 | ||||||||
Treasure Factory Co., Ltd. | 10,300 | 102,047 | ||||||||
TS Tech Co., Ltd. | 275,386 | 4,114,650 | ||||||||
* | TSI Holdings Co., Ltd. | 333,495 | 968,890 | |||||||
#* | Tsukada Global Holdings, Inc. | 86,100 | 262,869 | |||||||
# | Tsukamoto Corp. Co., Ltd. | 18,100 | 247,206 | |||||||
Tsutsumi Jewelry Co., Ltd. | 41,500 | 815,817 | ||||||||
Unipres Corp. | 242,900 | 2,341,297 | ||||||||
United Arrows, Ltd. | 137,000 | 2,614,065 | ||||||||
* | Unitika, Ltd. | 265,600 | 989,490 | |||||||
* | Universal Entertainment Corp. | 56,800 | 1,387,433 | |||||||
* | Village Vanguard Co., Ltd. | 35,500 | 312,437 | |||||||
VT Holdings Co., Ltd. | 536,700 | 2,167,460 | ||||||||
Wacoal Holdings Corp. | 271,900 | 6,044,357 | ||||||||
# | Waseda Academy Co., Ltd. | 30,400 | 250,502 | |||||||
Watts Co., Ltd. | 52,100 | 430,313 | ||||||||
Weds Co., Ltd. | 14,500 | 69,638 | ||||||||
World Co., Ltd. | 25,300 | 338,369 | ||||||||
Xebio Holdings Co., Ltd. | 158,600 | 1,343,824 | ||||||||
#* | Yachiyo Industry Co., Ltd. | 40,800 | 235,873 | |||||||
# | Yagi & Co., Ltd. | 18,600 | 242,761 | |||||||
# | Yamato International, Inc. | 100,500 | 315,217 | |||||||
# | Yasunaga Corp. | 53,200 | 636,109 | |||||||
Yellow Hat, Ltd. | 225,100 | 3,857,411 | ||||||||
Yondoshi Holdings, Inc. | 106,520 | 1,854,713 | ||||||||
Yorozu Corp. | 135,600 | 1,638,944 | ||||||||
Yossix Co., Ltd. | 1,600 | 30,945 | ||||||||
Yutaka Giken Co., Ltd. | 8,700 | 155,842 | ||||||||
|
| |||||||||
TOTAL CONSUMER DISCRETIONARY | 470,408,248 | |||||||||
|
| |||||||||
CONSUMER STAPLES (7.1%) | ||||||||||
# | Aeon Hokkaido Corp. | 196,000 | 2,149,356 | |||||||
AFC-HD AMS Life Science Co., Ltd. | 48,300 | 529,500 | ||||||||
Ain Holdings, Inc. | 31,400 | 2,030,395 | ||||||||
# | Albis Co., Ltd. | 38,700 | 861,894 | |||||||
Arcs Co., Ltd. | 274,400 | 5,938,476 | ||||||||
# | Artnature, Inc. | 116,400 | 742,462 | |||||||
Axial Retailing, Inc. | 105,200 | 4,585,284 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER STAPLES (Continued) |
| |||||||||
Belc Co., Ltd. | 67,800 | $ | 3,782,800 | |||||||
# | Bourbon Corp. | 50,700 | 1,008,745 | |||||||
# | Bull-Dog Sauce Co., Ltd. | 3,000 | 73,247 | |||||||
Cawachi, Ltd. | 55,400 | 1,443,338 | ||||||||
#* | CBON COSMETICS Co., Ltd. | 10,800 | 199,745 | |||||||
Chubu Shiryo Co., Ltd. | 153,500 | 1,993,309 | ||||||||
Chuo Gyorui Co., Ltd. | 9,800 | 260,335 | ||||||||
# | cocokara fine, Inc. | 127,060 | 9,785,909 | |||||||
Como Co., Ltd. | 2,600 | 61,049 | ||||||||
# | Cota Co., Ltd. | 100,366 | 1,428,216 | |||||||
Create SD Holdings Co., Ltd. | 68,700 | 2,237,647 | ||||||||
Daikokutenbussan Co., Ltd. | 35,500 | 2,336,221 | ||||||||
Delica Foods Holdings Co., Ltd. | 66,400 | 402,170 | ||||||||
# | DyDo Group Holdings, Inc. | 58,800 | 2,830,752 | |||||||
Earth Corp. | 43,800 | 2,638,900 | ||||||||
Ebara Foods Industry, Inc. | 27,900 | 682,509 | ||||||||
Ecos Co., Ltd. | 43,100 | 761,287 | ||||||||
# | Ensuiko Sugar Refining Co., Ltd. | 86,200 | 202,381 | |||||||
# | Feed One Co., Ltd. | 155,448 | 1,286,296 | |||||||
* | First Baking Co., Ltd. | 12,000 | 105,675 | |||||||
# | Fujicco Co., Ltd. | 125,300 | 2,209,234 | |||||||
Fujiya Co., Ltd. | 67,800 | 1,391,393 | ||||||||
G-7 Holdings, Inc. | 69,600 | 1,663,155 | ||||||||
Genky DrugStores Co., Ltd. | 49,800 | 1,721,362 | ||||||||
# | HABA Laboratories, Inc. | 15,000 | 618,221 | |||||||
Hagoromo Foods Corp. | 17,900 | 511,961 | ||||||||
# | Halows Co., Ltd. | 51,800 | 1,361,881 | |||||||
Hayashikane Sangyo Co., Ltd. | 29,400 | 174,526 | ||||||||
Heiwado Co., Ltd. | 194,900 | 3,960,125 | ||||||||
Hokkaido Coca-Cola Bottling Co., Ltd. | 18,699 | 686,337 | ||||||||
# | Hokuto Corp. | 135,500 | 2,555,264 | |||||||
Ichimasa Kamaboko Co., Ltd. | 37,500 | 438,057 | ||||||||
Imuraya Group Co., Ltd. | 60,500 | 1,389,600 | ||||||||
# | Inageya Co., Ltd. | 8,200 | 122,858 | |||||||
Itochu-Shokuhin Co., Ltd. | 35,100 | 1,741,108 | ||||||||
Itoham Yonekyu Holdings, Inc. | 366,500 | 2,418,064 | ||||||||
Iwatsuka Confectionery Co., Ltd. | 7,700 | 300,422 | ||||||||
JM Holdings Co., Ltd. | 71,100 | 1,464,922 | ||||||||
J-Oil Mills, Inc. | 128,200 | 2,309,624 | ||||||||
# | Kadoya Sesame Mills, Inc. | 15,600 | 593,306 | |||||||
Kakiyasu Honten Co., Ltd. | 52,800 | 1,260,749 | ||||||||
# | Kameda Seika Co., Ltd. | 83,900 | 3,655,955 | |||||||
Kaneko Seeds Co., Ltd. | 41,300 | 606,470 | ||||||||
# | Kansai Super Market, Ltd. | 89,900 | 913,233 | |||||||
Kato Sangyo Co., Ltd. | 159,400 | 5,145,921 | ||||||||
# | Kenko Mayonnaise Co., Ltd. | 79,700 | 1,361,295 | |||||||
# | Key Coffee, Inc. | 4,900 | 94,166 | |||||||
Kitanotatsujin Corp. | 258,100 | 1,489,535 | ||||||||
KOIKE YA, Inc. | 300 | 13,645 | ||||||||
# | Kotobuki Spirits Co., Ltd. | 30,200 | 1,964,506 | |||||||
# | Kyokuyo Co., Ltd. | 63,799 | 1,761,610 | |||||||
# | Lacto Japan Co., Ltd. | 32,000 | 818,574 | |||||||
Life Corp. | 44,500 | 1,359,237 | ||||||||
Mandom Corp. | 19,100 | 361,163 | ||||||||
Marudai Food Co., Ltd. | 136,300 | 2,114,964 | ||||||||
# | Maruha Nichiro Corp. | 197,607 | 4,685,323 | |||||||
Maxvalu Tokai Co., Ltd. | 45,200 | 1,060,147 | ||||||||
# | Medical System Network Co., Ltd. | 161,200 | 1,038,926 | |||||||
# | Megmilk Snow Brand Co., Ltd. | 277,400 | 5,629,734 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER STAPLES (Continued) |
| |||||||||
# | Meito Sangyo Co., Ltd. | 57,500 | $ | 785,118 | ||||||
Milbon Co., Ltd. | 154,752 | 8,506,047 | ||||||||
Ministop Co., Ltd. | 90,500 | 1,192,643 | ||||||||
Mitsubishi Shokuhin Co., Ltd. | 106,600 | 2,985,219 | ||||||||
Mitsui Sugar Co., Ltd. | 104,670 | 1,856,082 | ||||||||
Miyoshi Oil & Fat Co., Ltd. | 42,900 | 501,728 | ||||||||
Morinaga & Co., Ltd. | 53,700 | 1,921,472 | ||||||||
Morinaga Milk Industry Co., Ltd. | 82,500 | 4,332,378 | ||||||||
Morozoff, Ltd. | 18,900 | 993,153 | ||||||||
Nagatanien Holdings Co., Ltd. | 76,300 | 1,609,678 | ||||||||
Nakamuraya Co., Ltd. | 28,400 | 997,207 | ||||||||
Natori Co., Ltd. | 64,300 | 1,140,608 | ||||||||
Nichimo Co., Ltd. | 17,000 | 326,448 | ||||||||
Nihon Chouzai Co., Ltd. | 68,420 | 1,104,473 | ||||||||
# | Niitaka Co., Ltd. | 2,860 | 68,439 | |||||||
# | Nippn Corp. | 376,800 | 5,644,170 | |||||||
Nippon Beet Sugar Manufacturing Co., Ltd. | 67,100 | 995,002 | ||||||||
Nippon Suisan Kaisha, Ltd. | 1,794,300 | 8,625,860 | ||||||||
Nishimoto Co., Ltd. | 13,300 | 393,428 | ||||||||
Nisshin Oillio Group, Ltd. (The) | 171,400 | 5,054,880 | ||||||||
Nissin Sugar Co., Ltd. | 104,400 | 1,731,246 | ||||||||
Nitto Fuji Flour Milling Co., Ltd. | 8,100 | 558,434 | ||||||||
Noevir Holdings Co., Ltd. | 54,300 | 2,466,841 | ||||||||
Oenon Holdings, Inc. | 317,700 | 1,175,330 | ||||||||
# | OIE Sangyo Co., Ltd. | 22,000 | 280,002 | |||||||
Okuwa Co., Ltd. | 153,500 | 1,681,072 | ||||||||
# | Olympic Group Corp. | 52,200 | 402,675 | |||||||
OUG Holdings, Inc. | 19,800 | 533,186 | ||||||||
Pickles Corp. | 24,200 | 760,742 | ||||||||
Prima Meat Packers, Ltd. | 172,000 | 5,431,318 | ||||||||
Qol Holdings Co., Ltd. | 162,300 | 2,286,769 | ||||||||
# | Retail Partners Co., Ltd. | 107,600 | 1,353,743 | |||||||
# | Riken Vitamin Co., Ltd. | 150,100 | 1,852,672 | |||||||
Rock Field Co., Ltd. | 94,800 | 1,446,043 | ||||||||
Rokko Butter Co., Ltd. | 82,400 | 1,259,987 | ||||||||
# | S Foods, Inc. | 116,762 | 4,000,288 | |||||||
# | S&B Foods, Inc. | 42,798 | 1,879,688 | |||||||
# | Sagami Rubber Industries Co., Ltd. | 57,700 | 586,724 | |||||||
Sakata Seed Corp. | 10,300 | 381,310 | ||||||||
# | San-A Co., Ltd. | 114,500 | 4,771,234 | |||||||
Sapporo Holdings, Ltd. | 314,800 | 6,531,979 | ||||||||
Sato Foods Co., Ltd. | 800 | 35,713 | ||||||||
Satudora Holdings Co., Ltd. | 1,300 | 26,256 | ||||||||
Shinobu Foods Products Co., Ltd. | 1,600 | 8,630 | ||||||||
Shoei Foods Corp. | 68,000 | 2,794,479 | ||||||||
# | Showa Sangyo Co., Ltd. | 115,200 | 3,231,882 | |||||||
# | Soiken Holdings, Inc. | 24,200 | 123,322 | |||||||
ST Corp. | 18,900 | 333,996 | ||||||||
Starzen Co., Ltd. | 90,600 | 1,989,399 | ||||||||
* | Toho Co., Ltd. | 49,900 | 851,580 | |||||||
# | Torigoe Co., Ltd. (The) | 94,500 | 714,893 | |||||||
# | Toyo Sugar Refining Co., Ltd. | 14,500 | 159,067 | |||||||
# | Transaction Co., Ltd. | 89,700 | 1,062,167 | |||||||
United Super Markets Holdings, Inc. | 365,600 | 3,854,555 | ||||||||
Valor Holdings Co., Ltd. | 237,700 | 5,351,533 | ||||||||
Warabeya Nichiyo Holdings Co., Ltd. | 84,860 | 1,295,907 | ||||||||
# | Watahan & Co., Ltd. | 97,400 | 1,146,794 | |||||||
Yaizu Suisankagaku Industry Co., Ltd. | 62,100 | 563,573 | ||||||||
YAKUODO Holdings Co., Ltd. | 70,500 | 1,780,802 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER STAPLES (Continued) |
| |||||||||
Yamami Co. | 1,200 | $ | 23,063 | |||||||
YA-MAN, Ltd. | 149,500 | 2,127,971 | ||||||||
Yamatane Corp. | 61,600 | 846,848 | ||||||||
# | Yamaya Corp. | 25,000 | 554,812 | |||||||
# | Yamazawa Co., Ltd. | 11,800 | 185,740 | |||||||
Yokohama Reito Co., Ltd. | 325,000 | 2,684,498 | ||||||||
# | Yomeishu Seizo Co., Ltd. | 48,700 | 838,688 | |||||||
* | Yoshimura Food Holdings KK | 5,300 | 47,536 | |||||||
# | Yuasa Funashoku Co., Ltd. | 14,300 | 387,448 | |||||||
Yutaka Foods Corp. | 3,900 | 66,577 | ||||||||
|
| |||||||||
TOTAL CONSUMER STAPLES | 236,817,516 | |||||||||
|
| |||||||||
ENERGY (1.0%) |
| |||||||||
BP Castrol K.K. | 44,100 | 536,137 | ||||||||
# | Cosmo Energy Holdings Co., Ltd. | 344,800 | 8,234,075 | |||||||
Fuji Kosan Co., Ltd. | 4,400 | 48,588 | ||||||||
* | Fuji Oil Co., Ltd. | 292,200 | 608,603 | |||||||
Itochu Enex Co., Ltd. | 351,400 | 3,472,932 | ||||||||
Japan Oil Transportation Co., Ltd. | 15,500 | 381,220 | ||||||||
Japan Petroleum Exploration Co., Ltd. | 230,100 | 4,278,124 | ||||||||
# | Mitsuuroko Group Holdings Co., Ltd. | 205,200 | 2,520,301 | |||||||
Modec, Inc. | 128,800 | 2,641,644 | ||||||||
Nippon Coke & Engineering Co., Ltd. | 978,100 | 1,010,578 | ||||||||
Sala Corp. | 324,100 | 1,798,239 | ||||||||
# | San-Ai Oil Co., Ltd. | 397,800 | 4,731,054 | |||||||
# | Sinanen Holdings Co., Ltd. | 47,500 | 1,307,786 | |||||||
# | Toa Oil Co., Ltd. | 46,200 | 1,185,312 | |||||||
Toyo Kanetsu K.K. | 48,700 | 1,195,948 | ||||||||
|
| |||||||||
TOTAL ENERGY | 33,950,541 | |||||||||
|
| |||||||||
FINANCIALS (8.5%) |
| |||||||||
77 Bank, Ltd. (The) | 366,652 | 5,169,418 | ||||||||
# | Advance Create Co., Ltd. | 63,400 | 617,942 | |||||||
Aichi Bank, Ltd. (The) | 49,700 | 1,356,428 | ||||||||
* | Aiful Corp. | 1,614,500 | 4,680,527 | |||||||
# | Aizawa Securities Co., Ltd. | 216,100 | 1,961,605 | |||||||
Akatsuki Corp. | 118,100 | 416,057 | ||||||||
Akita Bank, Ltd. (The) | 93,540 | 1,239,071 | ||||||||
Anicom Holdings, Inc. | 17,700 | 161,306 | ||||||||
Aomori Bank, Ltd. (The) | 125,800 | 2,871,846 | ||||||||
# | Aozora Bank, Ltd. | 58,800 | 1,348,212 | |||||||
* | Aruhi Corp. | 14,700 | 240,033 | |||||||
# | Asax Co., Ltd. | 9,300 | 60,126 | |||||||
# | Awa Bank, Ltd. (The) | 244,200 | 5,504,508 | |||||||
Bank of Iwate, Ltd. (The) | 92,600 | 2,000,423 | ||||||||
# | Bank of Kochi, Ltd. (The) | 54,300 | 416,804 | |||||||
# | Bank of Nagoya, Ltd. (The) | 76,330 | 2,174,320 | |||||||
Bank of Okinawa, Ltd. (The) | 146,260 | 4,035,191 | ||||||||
Bank of Saga, Ltd. (The) | 84,120 | 1,122,585 | ||||||||
Bank of the Ryukyus, Ltd. | 237,880 | 1,678,055 | ||||||||
# | Bank of Toyama, Ltd. (The) | 14,500 | 418,086 | |||||||
Casa, Inc. | 3,200 | 28,944 | ||||||||
Chiba Kogyo Bank, Ltd. (The) | 285,900 | 768,080 | ||||||||
Chugoku Bank, Ltd. (The) | 559,500 | 4,730,979 | ||||||||
Chukyo Bank, Ltd. (The) | 70,400 | 1,118,615 | ||||||||
Credit Saison Co., Ltd. | 218,300 | 2,631,235 | ||||||||
# | Daishi Hokuetsu Financial Group, Inc. | 273,200 | 6,448,354 | |||||||
Daito Bank, Ltd. (The) | 62,600 | 397,111 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FINANCIALS (Continued) |
| |||||||||
* | Dream Incubator, Inc. | 900 | $ | 9,481 | ||||||
# | eGuarantee, Inc. | 178,100 | 3,361,164 | |||||||
Ehime Bank, Ltd. (The) | 216,700 | 2,007,894 | ||||||||
# | Entrust, Inc. | 28,900 | 178,955 | |||||||
FIDEA Holdings Co., Ltd. | 1,258,300 | 1,558,677 | ||||||||
Financial Products Group Co., Ltd. | 220,000 | 1,441,292 | ||||||||
# | First Bank of Toyama, Ltd. (The) | 294,300 | 836,040 | |||||||
First Brothers Co., Ltd. | 31,900 | 296,493 | ||||||||
# | Fukui Bank, Ltd. (The) | 149,100 | 2,643,149 | |||||||
Fukushima Bank, Ltd. (The) | 17,200 | 40,947 | ||||||||
Fuyo General Lease Co., Ltd. | 115,400 | 7,954,762 | ||||||||
GCA Corp. | 125,600 | 964,006 | ||||||||
# | GMO Financial Holdings, Inc. | 252,300 | 2,079,675 | |||||||
# | Gunma Bank, Ltd. (The) | 1,786,640 | 6,408,648 | |||||||
Hachijuni Bank, Ltd. (The) | 765,000 | 2,785,678 | ||||||||
# | Hirogin Holdings, Inc. | 1,301,600 | 7,962,410 | |||||||
# | Hirose Tusyo, Inc. | 20,800 | 408,934 | |||||||
Hokkoku Bank, Ltd. (The) | 153,300 | 3,912,727 | ||||||||
Hokuhoku Financial Group, Inc. | 834,800 | 7,757,460 | ||||||||
# | Hyakugo Bank, Ltd. (The) | 1,446,009 | 4,363,078 | |||||||
Hyakujushi Bank, Ltd. (The) | 155,600 | 2,378,308 | ||||||||
Ichiyoshi Securities Co., Ltd. | 219,700 | 1,222,429 | ||||||||
# | IwaiCosmo Holdings, Inc. | 121,900 | 1,949,744 | |||||||
Iyo Bank, Ltd. (The) | 916,018 | 5,497,349 | ||||||||
#* | J Trust Co., Ltd. | 335,100 | 707,383 | |||||||
Jaccs Co., Ltd. | 138,700 | 2,848,980 | ||||||||
# | Jafco Group Co., Ltd. | 204,100 | 12,189,959 | |||||||
* | Japan Asia Investment Co., Ltd. | 93,300 | 227,206 | |||||||
Japan Investment Adviser Co., Ltd. | 70,300 | 1,070,017 | ||||||||
Japan Securities Finance Co., Ltd. | 611,800 | 4,413,062 | ||||||||
# | Jimoto Holdings, Inc. | 102,850 | 738,568 | |||||||
Juroku Bank, Ltd. (The) | 194,300 | 3,881,690 | ||||||||
Keiyo Bank, Ltd. (The) | 724,800 | 3,003,194 | ||||||||
Kita-Nippon Bank, Ltd. (The) | 50,206 | 908,440 | ||||||||
Kiyo Bank, Ltd. (The) | 434,090 | 6,503,025 | ||||||||
Kyokuto Securities Co., Ltd. | 146,800 | 1,156,049 | ||||||||
Kyushu Financial Group, Inc. | 1,291,727 | 5,545,878 | ||||||||
# | Kyushu Leasing Service Co., Ltd. | 34,000 | 213,562 | |||||||
* | M&A Capital Partners Co., Ltd. | 82,500 | 4,117,067 | |||||||
# | Marusan Securities Co., Ltd. | 363,500 | 2,116,149 | |||||||
# | Matsui Securities Co., Ltd. | 149,000 | 1,214,726 | |||||||
# | Mercuria Investment Co., Ltd. | 70,500 | 510,555 | |||||||
# | Michinoku Bank, Ltd. (The) | 277,998 | 2,730,860 | |||||||
# | Minkabu The Infonoid, Inc. | 21,700 | 866,317 | |||||||
# | Mito Securities Co., Ltd. | 359,500 | 1,048,694 | |||||||
Miyazaki Bank, Ltd. (The) | 108,900 | 2,300,531 | ||||||||
# | Mizuho Leasing Co., Ltd. | 189,600 | 5,700,295 | |||||||
# | Monex Group, Inc. | 1,007,400 | 8,562,988 | |||||||
# | Money Partners Group Co., Ltd. | 149,100 | 349,653 | |||||||
Mortgage Service Japan, Ltd. | 5,600 | 59,582 | ||||||||
Musashino Bank, Ltd. (The) | 206,800 | 3,417,388 | ||||||||
Nagano Bank, Ltd. (The) | 51,899 | 650,947 | ||||||||
Nanto Bank, Ltd. (The) | 193,100 | 3,441,256 | ||||||||
NEC Capital Solutions, Ltd. | 55,100 | 1,010,054 | ||||||||
NFC Holdings, Inc. | 4,200 | 85,312 | ||||||||
Nishi-Nippon Financial Holdings, Inc. | 848,600 | 6,096,013 | ||||||||
# | North Pacific Bank, Ltd. | 1,842,500 | 5,329,627 | |||||||
#* | OAK Capital Corp. | 319,800 | 288,959 | |||||||
Ogaki Kyoritsu Bank, Ltd. (The) | 239,400 | 4,821,132 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FINANCIALS (Continued) |
| |||||||||
Oita Bank, Ltd. (The) | 89,099 | $ | 1,735,987 | |||||||
# | Okasan Securities Group, Inc. | 1,076,200 | 4,394,772 | |||||||
Orient Corp. | 296,400 | 413,147 | ||||||||
Premium Group Co., Ltd. | 11,400 | 248,834 | ||||||||
Resona Holdings, Inc. | 419,421 | 1,761,780 | ||||||||
Ricoh Leasing Co., Ltd. | 93,200 | 2,926,145 | ||||||||
San ju San Financial Group, Inc. | 126,510 | 1,592,386 | ||||||||
San-In Godo Bank, Ltd. (The) | 980,700 | 4,974,242 | ||||||||
# | Sawada Holdings Co., Ltd. | 152,200 | 1,040,666 | |||||||
# | Senshu Ikeda Holdings, Inc. | 1,375,518 | 2,212,728 | |||||||
Shiga Bank, Ltd. (The) | 304,000 | 6,585,907 | ||||||||
Shikoku Bank, Ltd. (The) | 265,100 | 1,872,960 | ||||||||
Shimizu Bank, Ltd. (The) | 54,600 | 836,340 | ||||||||
# | Sparx Group Co., Ltd. | 604,900 | 1,635,076 | |||||||
Strike Co., Ltd. | 47,700 | 1,907,985 | ||||||||
Suruga Bank, Ltd. | 241,800 | 933,591 | ||||||||
# | Taiko Bank, Ltd. (The) | 41,800 | 568,247 | |||||||
Tochigi Bank, Ltd. (The) | 610,200 | 1,047,185 | ||||||||
# | Toho Bank, Ltd. (The) | 1,298,700 | 2,886,756 | |||||||
Tohoku Bank, Ltd. (The) | 64,700 | 668,536 | ||||||||
Tokai Tokyo Financial Holdings, Inc. | 1,290,200 | 4,732,043 | ||||||||
# | Tokyo Kiraboshi Financial Group, Inc. | 170,738 | 2,162,645 | |||||||
# | Tomato Bank, Ltd. | 54,500 | 561,972 | |||||||
TOMONY Holdings, Inc. | 954,550 | 2,797,738 | ||||||||
Tottori Bank, Ltd. (The) | 57,700 | 595,343 | ||||||||
Towa Bank, Ltd. (The) | 184,000 | 1,144,783 | ||||||||
# | Toyo Securities Co., Ltd. | 378,800 | 664,986 | |||||||
#* | Traders Holdings Co., Ltd. | 13,720 | 47,593 | |||||||
# | Tsukuba Bank, Ltd. | 402,600 | 669,031 | |||||||
Yamagata Bank, Ltd. (The) | 181,000 | 1,860,895 | ||||||||
Yamaguchi Financial Group, Inc. | 1,109,872 | 7,377,296 | ||||||||
Yamanashi Chuo Bank, Ltd. (The) | 180,400 | 1,499,663 | ||||||||
|
| |||||||||
TOTAL FINANCIALS | 284,097,537 | |||||||||
|
| |||||||||
HEALTH CARE (4.2%) |
| |||||||||
# | Advantage Risk Management Co., Ltd. | 38,800 | 261,230 | |||||||
ASKA Pharmaceutical Co., Ltd. | 161,700 | 2,137,989 | ||||||||
# | Biofermin Pharmaceutical Co., Ltd. | 28,700 | 740,443 | |||||||
BML, Inc. | 152,200 | 5,269,812 | ||||||||
# | Carenet, Inc. | 25,600 | 1,121,828 | |||||||
CE Holdings Co., Ltd. | 3,400 | 17,307 | ||||||||
Charm Care Corp. KK | 57,500 | 695,303 | ||||||||
CMIC Holdings Co., Ltd. | 60,600 | 844,296 | ||||||||
Create Medic Co., Ltd. | 38,700 | 350,688 | ||||||||
Daiken Medical Co., Ltd. | 111,400 | 613,967 | ||||||||
Daito Pharmaceutical Co., Ltd. | 77,380 | 2,517,528 | ||||||||
# | Dvx, Inc. | 44,300 | 426,368 | |||||||
Eiken Chemical Co., Ltd. | 198,100 | 3,876,575 | ||||||||
Elan Corp. | 172,200 | 2,189,818 | ||||||||
EM Systems Co., Ltd. | 241,300 | 1,851,444 | ||||||||
EPS Holdings, Inc. | 196,700 | 2,011,624 | ||||||||
FALCO HOLDINGS Co., Ltd. | 53,300 | 844,424 | ||||||||
FINDEX, Inc. | 94,500 | 930,619 | ||||||||
Fuji Pharma Co., Ltd. | 99,100 | 1,142,488 | ||||||||
Fukuda Denshi Co., Ltd. | 57,200 | 4,348,645 | ||||||||
Fuso Pharmaceutical Industries, Ltd. | 45,600 | 1,049,603 | ||||||||
# | H.U. Group Holdings, Inc. | 336,700 | 11,315,980 | |||||||
Hogy Medical Co., Ltd. | 84,200 | 2,568,896 | ||||||||
# | Irom Group Co., Ltd. | 31,800 | 703,937 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HEALTH CARE (Continued) |
| |||||||||
Iwaki & Co., Ltd. | 156,700 | $ | 915,939 | |||||||
#* | Japan Animal Referral Medical Center Co., Ltd. | 9,600 | 180,690 | |||||||
* | Japan Hospice Holdings, Inc. | 1,100 | 26,955 | |||||||
Japan Lifeline Co., Ltd. | 387,300 | 4,915,260 | ||||||||
# | Japan Medical Dynamic Marketing, Inc. | 99,300 | 2,037,970 | |||||||
Jeol, Ltd. | 211,800 | 8,436,422 | ||||||||
# | JMS Co., Ltd. | 96,557 | 854,822 | |||||||
Kaken Pharmaceutical Co., Ltd. | 53,800 | 2,108,033 | ||||||||
Kanamic Network Co., Ltd. | 106,000 | 712,124 | ||||||||
Kissei Pharmaceutical Co., Ltd. | 171,000 | 3,790,952 | ||||||||
# | KYORIN Holdings, Inc. | 256,000 | 4,462,893 | |||||||
# | Linical Co., Ltd. | 75,200 | 534,812 | |||||||
Medical Data Vision Co., Ltd. | 152,500 | 2,959,617 | ||||||||
Medikit Co., Ltd. | 2,000 | 58,954 | ||||||||
# | Medius Holdings Co., Ltd. | 67,100 | 569,191 | |||||||
* | MedPeer, Inc. | 700 | 41,499 | |||||||
# | Menicon Co., Ltd. | 44,400 | 2,625,316 | |||||||
# | Mizuho Medy Co., Ltd. | 22,400 | 744,497 | |||||||
Mochida Pharmaceutical Co., Ltd. | 12,698 | 492,828 | ||||||||
Nakanishi, Inc. | 166,000 | 3,460,423 | ||||||||
# | Nichi-iko Pharmaceutical Co., Ltd. | 325,550 | 2,932,198 | |||||||
Nippon Chemiphar Co., Ltd. | 13,400 | 318,549 | ||||||||
# | Nipro Corp. | 561,700 | 6,798,512 | |||||||
Nissui Pharmaceutical Co., Ltd. | 78,000 | 701,795 | ||||||||
Paramount Bed Holdings Co., Ltd. | 268,800 | 5,729,010 | ||||||||
# | Rion Co., Ltd. | 52,100 | 1,415,674 | |||||||
Sawai Pharmaceutical Co., Ltd. | 78,700 | 3,770,634 | ||||||||
# | Seed Co., Ltd. | 72,900 | 521,459 | |||||||
Seikagaku Corp. | 248,900 | 2,329,466 | ||||||||
# | Shin Nippon Biomedical Laboratories, Ltd. | 41,600 | 263,363 | |||||||
Shofu, Inc. | 69,200 | 1,241,791 | ||||||||
# | Software Service, Inc. | 19,700 | 1,931,761 | |||||||
Solasto Corp. | 318,000 | 4,110,670 | ||||||||
# | St-Care Holding Corp. | 87,200 | 1,022,970 | |||||||
# | Taiko Pharmaceutical Co., Ltd. | 55,900 | 631,061 | |||||||
Techno Medica Co., Ltd. | 13,800 | 206,194 | ||||||||
Toho Holdings Co., Ltd. | 292,000 | 5,367,062 | ||||||||
Tokai Corp. | 139,800 | 3,051,015 | ||||||||
Torii Pharmaceutical Co., Ltd. | 96,100 | 2,609,172 | ||||||||
# | Towa Pharmaceutical Co., Ltd. | 175,400 | 3,876,013 | |||||||
# | UNIMAT Retirement Community Co., Ltd. | 9,329 | 117,638 | |||||||
# | Value HR Co., Ltd. | 46,400 | 686,150 | |||||||
Vital KSK Holdings, Inc. | 272,800 | 1,946,015 | ||||||||
#* | Wakamoto Pharmaceutical Co., Ltd. | 112,300 | 435,102 | |||||||
# | WIN-Partners Co., Ltd. | 113,300 | 1,078,933 | |||||||
ZERIA Pharmaceutical Co., Ltd. | 4,100 | 77,989 | ||||||||
|
| |||||||||
TOTAL HEALTH CARE | 140,930,205 | |||||||||
|
| |||||||||
INDUSTRIALS (28.8%) |
| |||||||||
# | A&A Material Corp. | 26,000 | 260,824 | |||||||
# | Abist Co., Ltd. | 19,600 | 551,597 | |||||||
Advan Co., Ltd. | 149,900 | 1,380,473 | ||||||||
Advanex, Inc. | 17,999 | 264,662 | ||||||||
Aeon Delight Co., Ltd. | 90,100 | 2,629,665 | ||||||||
Aichi Corp. | 239,900 | 1,932,583 | ||||||||
Aida Engineering, Ltd. | 315,900 | 2,839,699 | ||||||||
Ajis Co., Ltd. | 28,900 | 1,001,776 | ||||||||
Alconix Corp. | 151,600 | 2,271,175 | ||||||||
Alinco, Inc. | 80,500 | 716,029 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
# | Alps Logistics Co., Ltd. | 111,600 | $ | 958,443 | ||||||
Altech Co., Ltd. | 10,900 | 34,527 | ||||||||
Altech Corp. | 114,470 | 2,273,051 | ||||||||
Anest Iwata Corp. | 216,200 | 2,022,723 | ||||||||
Asahi Diamond Industrial Co., Ltd. | 342,600 | 1,647,419 | ||||||||
# | Asahi Kogyosha Co., Ltd. | 25,700 | 708,707 | |||||||
# | Asanuma Corp. | 44,000 | 1,780,646 | |||||||
# | Asukanet Co., Ltd. | 56,500 | 573,519 | |||||||
Bando Chemical Industries, Ltd. | 215,300 | 1,455,543 | ||||||||
Bell System24 Holdings, Inc. | 218,600 | 3,745,270 | ||||||||
# | BeNEXT Group, Inc. | 305,997 | 4,890,573 | |||||||
# | Br Holdings Corp. | 188,100 | 1,004,623 | |||||||
# | Bunka Shutter Co., Ltd. | 366,000 | 3,489,055 | |||||||
Canare Electric Co., Ltd. | 20,300 | 331,053 | ||||||||
Career Design Center Co., Ltd. | 23,900 | 230,415 | ||||||||
Central Glass Co., Ltd. | 229,300 | 4,887,946 | ||||||||
Central Security Patrols Co., Ltd. | 53,000 | 1,634,904 | ||||||||
# | Chilled & Frozen Logistics Holdings Co., Ltd., Class H | 108,700 | 1,779,354 | |||||||
Chiyoda Integre Co., Ltd. | 71,700 | 1,232,171 | ||||||||
Chodai Co., Ltd. | 6,800 | 110,046 | ||||||||
Chori Co., Ltd. | 73,000 | 1,113,455 | ||||||||
Chudenko Corp. | 202,600 | 4,320,984 | ||||||||
# | Chugai Ro Co., Ltd. | 36,600 | 701,900 | |||||||
# | Chuo Warehouse Co., Ltd. | 21,000 | 214,763 | |||||||
CKD Corp. | 56,600 | 1,185,352 | ||||||||
CMC Corp. | 14,600 | 295,503 | ||||||||
Comany, Inc. | 4,700 | 45,774 | ||||||||
Cosel Co., Ltd. | 164,300 | 1,626,758 | ||||||||
Creek & River Co., Ltd. | 57,400 | 744,985 | ||||||||
CTI Engineering Co., Ltd. | 72,000 | 1,641,709 | ||||||||
CTS Co., Ltd. | 166,400 | 1,288,666 | ||||||||
Dai-Dan Co., Ltd. | 99,100 | 2,657,784 | ||||||||
Daido Kogyo Co., Ltd. | 46,500 | 406,494 | ||||||||
Daihatsu Diesel Manufacturing Co., Ltd. | 122,100 | 553,355 | ||||||||
Daihen Corp. | 133,400 | 5,883,642 | ||||||||
Daiho Corp. | 99,500 | 3,480,599 | ||||||||
Dai-Ichi Cutter Kogyo K.K. | 44,000 | 588,574 | ||||||||
Daiichi Jitsugyo Co., Ltd. | 54,700 | 2,068,855 | ||||||||
Daiichi Kensetsu Corp. | 31,000 | 543,038 | ||||||||
Daiki Axis Co., Ltd. | 41,900 | 364,530 | ||||||||
Daiohs Corp. | 22,100 | 199,055 | ||||||||
# | Daiseki Co., Ltd. | 243,963 | 8,860,419 | |||||||
Daiseki Eco. Solution Co., Ltd. | 11,759 | 96,041 | ||||||||
Daisue Construction Co., Ltd. | 48,200 | 415,586 | ||||||||
Daiwa Industries, Ltd. | 216,200 | 2,161,388 | ||||||||
Denyo Co., Ltd. | 108,700 | 2,051,317 | ||||||||
# | DMG Mori Co., Ltd. | 673,200 | 11,063,135 | |||||||
DMW Corp. | 4,800 | 160,973 | ||||||||
Duskin Co., Ltd. | 285,100 | 7,182,926 | ||||||||
Ebara Jitsugyo Co., Ltd. | 36,200 | 1,674,384 | ||||||||
Eidai Co., Ltd. | 184,700 | 497,839 | ||||||||
EJ Holdings, Inc. | 4,200 | 40,238 | ||||||||
Endo Lighting Corp. | 33,400 | 205,588 | ||||||||
en-japan, Inc. | 58,600 | 1,817,464 | ||||||||
Enshu, Ltd. | 26,199 | 231,626 | ||||||||
EPCO Co., Ltd. | 20,200 | 180,799 | ||||||||
ERI Holdings Co., Ltd. | 1,500 | 8,203 | ||||||||
* | Escrow Agent Japan, Inc. | 136,700 | 374,082 | |||||||
F&M Co., Ltd. | 41,700 | 579,654 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
* | FDK Corp. | 47,198 | $ | 600,144 | ||||||
# | Freund Corp. | 75,600 | 537,228 | |||||||
Fudo Tetra Corp. | 109,680 | 1,907,535 | ||||||||
Fuji Corp. | 248,600 | 6,381,971 | ||||||||
# | Fuji Die Co., Ltd. | 55,300 | 345,176 | |||||||
Fuji Furukawa Engineering & Construction Co., Ltd. | 1,200 | 26,997 | ||||||||
* | Fujikura, Ltd. | 1,545,600 | 7,609,149 | |||||||
Fujimak Corp. | 12,600 | 85,388 | ||||||||
Fujisash Co., Ltd. | 573,900 | 414,373 | ||||||||
Fujitec Co., Ltd. | 264,100 | 5,640,495 | ||||||||
Fukuda Corp. | 59,200 | 2,828,295 | ||||||||
Fukushima Galilei Co., Ltd. | 84,100 | 3,324,543 | ||||||||
Fukuvi Chemical Industry Co., Ltd. | 10,600 | 50,552 | ||||||||
Fukuyama Transporting Co., Ltd. | 21,357 | 881,800 | ||||||||
FULLCAST Holdings Co., Ltd. | 133,200 | 2,415,387 | ||||||||
Funai Soken Holdings, Inc. | 249,470 | 4,849,479 | ||||||||
Furukawa Co., Ltd. | 204,200 | 2,467,931 | ||||||||
# | Furukawa Electric Co., Ltd. | 401,200 | 10,792,379 | |||||||
Furusato Industries, Ltd. | 65,000 | 802,397 | ||||||||
# | Futaba Corp. | 233,600 | 2,056,274 | |||||||
Gecoss Corp. | 95,900 | 835,179 | ||||||||
Giken, Ltd. | 82,700 | 3,730,016 | ||||||||
Glory, Ltd. | 278,555 | 6,002,232 | ||||||||
Grace Technology, Inc. | 108,600 | 2,844,885 | ||||||||
# | gremz, Inc. | 14,800 | 255,434 | |||||||
# | GS Yuasa Corp. | 318,683 | 8,675,727 | |||||||
Hamakyorex Co., Ltd. | 109,500 | 3,217,911 | ||||||||
Hanwa Co., Ltd. | 232,200 | 7,144,936 | ||||||||
# | Hashimoto Sogyo Holdings Co., Ltd. | 4,070 | 100,456 | |||||||
# | Hazama Ando Corp. | 1,302,400 | 10,000,232 | |||||||
Helios Techno Holding Co., Ltd. | 109,800 | 429,512 | ||||||||
Hibiya Engineering, Ltd. | 122,300 | 2,147,433 | ||||||||
Hirakawa Hewtech Corp. | 70,800 | 874,815 | ||||||||
# | Hirano Tecseed Co., Ltd. | 64,200 | 1,687,886 | |||||||
Hirata Corp. | 5,900 | 367,297 | ||||||||
Hisaka Works, Ltd. | 127,300 | 977,305 | ||||||||
# | Hitachi Zosen Corp. | 1,071,679 | 8,681,161 | |||||||
Hito Communications Holdings, Inc. | 43,900 | 835,935 | ||||||||
Hokuetsu Industries Co., Ltd. | 140,700 | 1,378,172 | ||||||||
Hokuriku Electrical Construction Co., Ltd. | 74,200 | 824,264 | ||||||||
# | Hosokawa Micron Corp. | 45,600 | 2,769,530 | |||||||
# | Howa Machinery, Ltd. | 62,700 | 491,940 | |||||||
# | Ichikawa Co., Ltd. | 1,000 | 12,722 | |||||||
# | Ichiken Co., Ltd. | 33,600 | 622,312 | |||||||
Ichinen Holdings Co., Ltd. | 137,500 | 1,678,732 | ||||||||
Idec Corp. | 204,800 | 3,294,652 | ||||||||
# | Ihara Science Corp. | 52,200 | 802,063 | |||||||
Iino Kaiun Kaisha, Ltd. | 573,100 | 2,747,809 | ||||||||
Inaba Denki Sangyo Co., Ltd. | 347,600 | 8,400,737 | ||||||||
Inaba Seisakusho Co., Ltd. | 62,800 | 851,610 | ||||||||
Inabata & Co., Ltd. | 296,500 | 4,447,749 | ||||||||
Insource Co., Ltd. | 112,750 | 2,361,405 | ||||||||
# | Inui Global Logistics Co., Ltd. | 81,480 | 782,564 | |||||||
* | Iseki & Co., Ltd. | 124,500 | 1,858,342 | |||||||
# | Ishii Iron Works Co., Ltd. | 11,000 | 298,137 | |||||||
Isolite Insulating Products Co., Ltd. | 48,000 | 282,137 | ||||||||
Itoki Corp. | 228,600 | 864,552 | ||||||||
# | Iwaki Co., Ltd. | 41,000 | 335,092 | |||||||
# | Iwasaki Electric Co., Ltd. | 39,400 | 556,281 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
JAC Recruitment Co., Ltd. | 100,900 | $ | 1,595,931 | |||||||
# | Jalux, Inc. | 38,600 | 571,070 | |||||||
Jamco Corp. | 69,800 | 639,108 | ||||||||
# | Japan Asia Group, Ltd. | 176,800 | 1,564,544 | |||||||
Japan Elevator Service Holdings Co., Ltd. | 286,800 | 6,180,423 | ||||||||
Japan Foundation Engineering Co., Ltd. | 128,800 | 590,251 | ||||||||
# | Japan Pulp & Paper Co., Ltd. | 77,600 | 2,562,375 | |||||||
Japan Steel Works, Ltd. (The) | 389,300 | 9,274,157 | ||||||||
Japan Transcity Corp. | 251,200 | 1,275,506 | ||||||||
JDC Corp. | 15,000 | 83,405 | ||||||||
# | JK Holdings Co., Ltd. | 94,440 | 749,871 | |||||||
Juki Corp. | 185,300 | 1,490,918 | ||||||||
Kamei Corp. | 154,500 | 1,737,297 | ||||||||
Kanaden Corp. | 118,500 | 1,300,959 | ||||||||
Kanagawa Chuo Kotsu Co., Ltd. | 42,800 | 1,459,207 | ||||||||
Kaname Kogyo Co., Ltd. | 1,300 | 10,868 | ||||||||
Kanamoto Co., Ltd. | 205,200 | 5,352,762 | ||||||||
Kandenko Co., Ltd. | 400,000 | 3,504,934 | ||||||||
Kanematsu Corp. | 521,625 | 7,014,534 | ||||||||
# | Katakura Industries Co., Ltd. | 152,600 | 2,006,898 | |||||||
Kato Works Co., Ltd. | 63,300 | 659,850 | ||||||||
Kawada Technologies, Inc. | 34,100 | 1,453,338 | ||||||||
Kawagishi Bridge Works Co., Ltd. | 8,700 | 243,553 | ||||||||
Kawanishi Warehouse Co., Ltd. | 1,700 | 18,962 | ||||||||
Kawasaki Kinkai Kisen Kaisha, Ltd. | 7,899 | 194,465 | ||||||||
#* | Kawasaki Kisen Kaisha, Ltd. | 257,700 | 5,926,725 | |||||||
# | Kawata Manufacturing Co., Ltd. | 25,100 | 205,232 | |||||||
Keihin Co., Ltd. | 15,700 | 198,577 | ||||||||
KFC, Ltd. | 8,700 | 165,123 | ||||||||
# | Kimura Chemical Plants Co., Ltd. | 107,500 | 738,339 | |||||||
Kimura Unity Co., Ltd. | 23,500 | 256,836 | ||||||||
King Jim Co., Ltd. | 43,500 | 373,939 | ||||||||
#* | Kinki Sharyo Co., Ltd. (The) | 16,599 | 199,682 | |||||||
Kintetsu World Express, Inc. | 244,200 | 6,347,463 | ||||||||
Kitagawa Corp. | 53,300 | 763,168 | ||||||||
Kitano Construction Corp. | 25,672 | 588,526 | ||||||||
Kito Corp. | 135,400 | 2,239,478 | ||||||||
Kitz Corp. | 475,900 | 2,762,378 | ||||||||
#* | Kobe Electric Railway Co., Ltd. | 37,299 | 1,236,688 | |||||||
# | Kobelco Eco-Solutions Co., Ltd. | 21,399 | 488,053 | |||||||
Koike Sanso Kogyo Co., Ltd. | 12,600 | 263,237 | ||||||||
Kokusai Co., Ltd. | 51,600 | 340,266 | ||||||||
Kokuyo Co., Ltd. | 314,825 | 4,884,781 | ||||||||
# | KOMAIHALTEC, Inc. | 20,300 | 403,594 | |||||||
Komatsu Wall Industry Co., Ltd. | 49,300 | 898,755 | ||||||||
# | Komori Corp. | 317,900 | 2,156,645 | |||||||
# | Kondotec, Inc. | 123,800 | 1,195,459 | |||||||
Konoike Transport Co., Ltd. | 179,700 | 1,966,998 | ||||||||
* | Kosaido Co., Ltd. | 212,900 | 1,977,303 | |||||||
Kozo Keikaku Engineering, Inc. | 20,700 | 535,153 | ||||||||
KRS Corp. | 37,800 | 570,823 | ||||||||
Kumagai Gumi Co., Ltd. | 239,400 | 6,494,935 | ||||||||
Kyodo Printing Co., Ltd. | 48,900 | 1,319,105 | ||||||||
# | Kyokuto Boeki Kaisha, Ltd. | 39,700 | 537,238 | |||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 208,800 | 3,123,929 | ||||||||
Kyoritsu Printing Co., Ltd. | 179,200 | 227,049 | ||||||||
Kyudenko Corp. | 31,600 | 1,208,373 | ||||||||
Like Co., Ltd. | 63,200 | 1,153,125 | ||||||||
Link And Motivation, Inc. | 210,200 | 1,145,870 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
Lonseal Corp. | 13,900 | $ | 188,689 | |||||||
Maeda Corp. | 914,100 | 7,894,292 | ||||||||
Maeda Kosen Co., Ltd. | 121,000 | 3,647,779 | ||||||||
Maeda Road Construction Co., Ltd. | 127,100 | 2,464,110 | ||||||||
Maezawa Industries, Inc. | 25,300 | 145,160 | ||||||||
# | Maezawa Kasei Industries Co., Ltd. | 85,100 | 783,905 | |||||||
Maezawa Kyuso Industries Co., Ltd. | 128,400 | 1,328,517 | ||||||||
Makino Milling Machine Co., Ltd. | 151,200 | 5,937,617 | ||||||||
* | Management Solutions Co., Ltd. | 1,000 | 19,317 | |||||||
Marufuji Sheet Piling Co., Ltd. | 11,800 | 226,806 | ||||||||
Maruka Corp. | 36,400 | 663,507 | ||||||||
Marumae Co., Ltd. | 28,300 | 344,498 | ||||||||
# | Maruyama Manufacturing Co., Inc. | 18,800 | 299,420 | |||||||
Maruzen Co., Ltd. | 65,800 | 1,175,065 | ||||||||
Maruzen Showa Unyu Co., Ltd. | 80,000 | 2,349,973 | ||||||||
# | Matching Service Japan Co., Ltd. | 52,000 | 533,886 | |||||||
Matsuda Sangyo Co., Ltd. | 95,282 | 1,758,481 | ||||||||
# | Matsui Construction Co., Ltd. | 125,500 | 850,557 | |||||||
Max Co., Ltd. | 167,600 | 2,482,123 | ||||||||
Meidensha Corp. | 227,210 | 4,958,912 | ||||||||
Meiji Electric Industries Co., Ltd. | 52,500 | 707,984 | ||||||||
# | Meiji Shipping Co., Ltd. | 102,500 | 457,042 | |||||||
Meisei Industrial Co., Ltd. | 268,800 | 1,883,525 | ||||||||
Meitec Corp. | 169,000 | 9,348,416 | ||||||||
# | Meiwa Corp. | 145,600 | 647,038 | |||||||
Mesco, Inc. | 29,800 | 276,234 | ||||||||
METAWATER Co., Ltd. | 153,600 | 3,074,270 | ||||||||
# | Mie Kotsu Group Holdings, Inc. | 359,200 | 1,656,403 | |||||||
Mirai Industry Co., Ltd. | 2,900 | 47,764 | ||||||||
Mirait Holdings Corp. | 524,835 | 8,661,418 | ||||||||
Mitani Corp. | 73,800 | 4,590,973 | ||||||||
# | Mitani Sangyo Co., Ltd. | 145,000 | 562,890 | |||||||
# | Mitsubishi Kakoki Kaisha, Ltd. | 39,700 | 1,015,224 | |||||||
# | Mitsubishi Logisnext Co., Ltd. | 179,200 | 2,100,727 | |||||||
Mitsubishi Pencil Co., Ltd. | 89,700 | 1,298,357 | ||||||||
Mitsuboshi Belting, Ltd. | 163,400 | 2,633,539 | ||||||||
* | Mitsui E&S Holdings Co., Ltd. | 448,900 | 2,270,508 | |||||||
Mitsui Matsushima Holdings Co., Ltd. | 65,700 | 592,366 | ||||||||
Mitsui-Soko Holdings Co., Ltd. | 137,800 | 2,705,897 | ||||||||
Mitsumura Printing Co., Ltd. | 6,300 | 103,810 | ||||||||
Miyaji Engineering Group, Inc. | 39,417 | 844,964 | ||||||||
# | Mori-Gumi Co., Ltd. | 69,500 | 207,477 | |||||||
# | Morita Holdings Corp. | 211,100 | 3,407,253 | |||||||
Musashi Co., Ltd. | 5,000 | 90,970 | ||||||||
# | NAC Co., Ltd. | 61,300 | 529,037 | |||||||
Nachi-Fujikoshi Corp. | 87,400 | 3,811,229 | ||||||||
Nadex Co., Ltd. | 40,600 | 273,239 | ||||||||
Nagase & Co., Ltd. | 418,400 | 6,552,948 | ||||||||
Naigai Trans Line, Ltd. | 40,500 | 522,991 | ||||||||
Nakabayashi Co., Ltd. | 113,400 | 631,083 | ||||||||
Nakakita Seisakusho Co., Ltd. | 3,700 | 91,765 | ||||||||
Nakamoto Packs Co., Ltd. | 33,300 | 502,496 | ||||||||
Nakanishi Manufacturing Co., Ltd. | 5,700 | 55,793 | ||||||||
# | Nakano Corp. | 107,000 | 383,628 | |||||||
Namura Shipbuilding Co., Ltd. | 286,828 | 577,093 | ||||||||
Narasaki Sangyo Co., Ltd. | 25,400 | 472,244 | ||||||||
* | Nice Corp. | 32,400 | 551,642 | |||||||
Nichias Corp. | 392,400 | 9,949,469 | ||||||||
# | Nichiban Co., Ltd. | 65,900 | 1,140,145 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
Nichiden Corp. | 98,900 | $ | 1,957,546 | |||||||
Nichiha Corp. | 166,380 | 4,851,052 | ||||||||
# | Nichireki Co., Ltd. | 167,400 | 2,392,095 | |||||||
Nihon Dengi Co., Ltd. | 30,200 | 1,092,664 | ||||||||
Nihon Flush Co., Ltd. | 120,900 | 1,483,957 | ||||||||
# | Nikkato Corp. | 53,000 | 364,209 | |||||||
Nikkiso Co., Ltd. | 316,800 | 3,230,702 | ||||||||
Nikko Co., Ltd. | 164,000 | 1,084,370 | ||||||||
Nikkon Holdings Co., Ltd. | 385,300 | 7,752,179 | ||||||||
Nippi, Inc. | 11,900 | 406,943 | ||||||||
Nippon Air Conditioning Services Co., Ltd. | 183,100 | 1,237,620 | ||||||||
Nippon Aqua Co., Ltd. | 27,600 | 153,465 | ||||||||
Nippon Carbon Co., Ltd. | 60,400 | 2,538,089 | ||||||||
Nippon Concept Corp. | 37,000 | 595,688 | ||||||||
# | Nippon Densetsu Kogyo Co., Ltd. | 244,200 | 4,279,930 | |||||||
# | Nippon Dry-Chemical Co., Ltd. | 5,100 | 78,516 | |||||||
# | Nippon Filcon Co., Ltd. | 15,700 | 74,249 | |||||||
Nippon Hume Corp. | 139,300 | 963,976 | ||||||||
# | Nippon Kanzai Co., Ltd. | 12,900 | 254,346 | |||||||
Nippon Koei Co., Ltd. | 78,800 | 2,238,899 | ||||||||
Nippon Parking Development Co., Ltd., Class C | 1,271,000 | 1,758,485 | ||||||||
# | Nippon Rietec Co., Ltd. | 12,600 | 231,651 | |||||||
Nippon Road Co., Ltd. (The) | 46,100 | 3,427,226 | ||||||||
Nippon Seisen Co., Ltd. | 21,300 | 683,251 | ||||||||
* | Nippon Sharyo, Ltd. | 45,399 | 1,022,500 | |||||||
* | Nippon Sheet Glass Co., Ltd. | 8,300 | 42,628 | |||||||
Nippon Steel Trading Corp. | 99,460 | 3,655,432 | ||||||||
# | Nippon Thompson Co., Ltd. | 382,500 | 2,294,232 | |||||||
Nippon Tungsten Co., Ltd. | 6,699 | 109,708 | ||||||||
# | Nishimatsu Construction Co., Ltd. | 345,000 | 8,756,759 | |||||||
# | Nishi-Nippon Railroad Co., Ltd. | 132,600 | 3,547,323 | |||||||
Nishio Rent All Co., Ltd. | 123,800 | 3,355,946 | ||||||||
Nissei ASB Machine Co., Ltd. | 52,500 | 2,498,409 | ||||||||
Nissei Corp. | 38,900 | 371,626 | ||||||||
Nissei Plastic Industrial Co., Ltd. | 127,000 | 1,172,749 | ||||||||
Nisshinbo Holdings, Inc. | 908,180 | 6,772,133 | ||||||||
Nissin Corp. | 95,000 | 1,250,755 | ||||||||
Nissin Electric Co., Ltd. | 333,100 | 3,755,337 | ||||||||
Nisso Corp. | 3,800 | 29,618 | ||||||||
Nitta Corp. | 136,400 | 3,251,160 | ||||||||
# | Nitto Boseki Co., Ltd. | 14,500 | 528,506 | |||||||
Nitto Kogyo Corp. | 178,200 | 3,271,721 | ||||||||
Nitto Kohki Co., Ltd. | 66,900 | 1,162,858 | ||||||||
Nitto Seiko Co., Ltd. | 180,900 | 961,630 | ||||||||
# | Nittoc Construction Co., Ltd. | 132,600 | 994,569 | |||||||
NJS Co., Ltd. | 36,800 | 688,569 | ||||||||
Noda Corp. | 145,500 | 1,000,834 | ||||||||
# | Nomura Co., Ltd. | 505,600 | 4,192,576 | |||||||
Noritake Co., Ltd. | 59,600 | 1,914,888 | ||||||||
Noritsu Koki Co., Ltd. | 123,900 | 2,979,820 | ||||||||
Noritz Corp. | 196,500 | 3,135,456 | ||||||||
# | NS Tool Co., Ltd. | 107,000 | 1,613,023 | |||||||
NS United Kaiun Kaisha, Ltd. | 58,700 | 1,002,618 | ||||||||
* | NTN Corp. | 2,736,400 | 8,465,438 | |||||||
# | Obara Group, Inc. | 78,500 | 2,682,314 | |||||||
# | Ochi Holdings Co., Ltd. | 8,900 | 105,999 | |||||||
# | Odawara Engineering Co., Ltd. | 4,900 | 139,680 | |||||||
# | Ohba Co., Ltd. | 76,500 | 566,993 | |||||||
Ohmoto Gumi Co., Ltd. | 4,100 | 213,488 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
# | Oiles Corp. | 145,770 | $ | 2,236,071 | ||||||
Okabe Co., Ltd. | 258,200 | 1,822,104 | ||||||||
# | Okada Aiyon Corp. | 42,800 | 506,105 | |||||||
# | Okamoto Machine Tool Works, Ltd. | 21,699 | 619,564 | |||||||
# | Okamura Corp. | 381,500 | 4,484,147 | |||||||
OKUMA Corp. | 137,100 | 7,871,221 | ||||||||
Okumura Corp. | 182,380 | 4,849,444 | ||||||||
Onoken Co., Ltd. | 111,900 | 1,397,494 | ||||||||
Organo Corp. | 41,500 | 2,491,443 | ||||||||
# | Oriental Consultants Holdings Co., Ltd. | 6,100 | 136,197 | |||||||
# | Origin Co., Ltd. | 27,600 | 361,455 | |||||||
# | OSG Corp. | 396,200 | 7,071,122 | |||||||
OSJB Holdings Corp. | 826,500 | 2,209,474 | ||||||||
Outsourcing, Inc. | 732,300 | 11,883,230 | ||||||||
Oyo Corp. | 129,300 | 1,511,121 | ||||||||
# | Paraca, Inc. | 35,900 | 544,972 | |||||||
Parker Corp. | 34,000 | 155,583 | ||||||||
# | Pasco Corp. | 11,200 | 150,809 | |||||||
Pasona Group, Inc. | 133,000 | 2,250,010 | ||||||||
Pegasus Sewing Machine Manufacturing Co., Ltd. | 139,900 | 580,878 | ||||||||
Penta-Ocean Construction Co., Ltd. | 1,176,000 | 9,242,167 | ||||||||
* | Phil Co., Inc. | 5,700 | 116,030 | |||||||
Pilot Corp. | 79,900 | 2,554,096 | ||||||||
Prestige International, Inc. | 662,200 | 4,931,234 | ||||||||
# | Pronexus, Inc. | 108,700 | 1,193,943 | |||||||
* | Prored Partners Co., Ltd. | 7,900 | 221,710 | |||||||
# | PS Mitsubishi Construction Co., Ltd. | 213,300 | 1,296,535 | |||||||
# | Punch Industry Co., Ltd. | 105,700 | 581,946 | |||||||
Quick Co., Ltd. | 71,300 | 796,792 | ||||||||
Raito Kogyo Co., Ltd. | 301,300 | 5,129,443 | ||||||||
Raiznext Corp. | 304,500 | 3,289,206 | ||||||||
# | Rasa Corp. | 63,200 | 537,904 | |||||||
Relia, Inc. | 248,100 | 3,216,635 | ||||||||
Rheon Automatic Machinery Co., Ltd. | 120,500 | 1,280,848 | ||||||||
# | Rix Corp. | 17,300 | 242,894 | |||||||
#* | Rozetta Corp. | 22,800 | 503,455 | |||||||
* | Ryobi, Ltd. | 153,140 | 2,305,821 | |||||||
S LINE Co., Ltd. | 23,800 | 195,465 | ||||||||
Sakai Heavy Industries, Ltd. | 24,000 | 487,911 | ||||||||
Sakai Moving Service Co., Ltd. | 74,500 | 3,341,451 | ||||||||
#* | Sanix, Inc. | 146,200 | 424,254 | |||||||
Sanki Engineering Co., Ltd. | 285,300 | 3,739,179 | ||||||||
Sanko Gosei, Ltd. | 121,900 | 500,402 | ||||||||
Sanko Metal Industrial Co., Ltd. | 16,200 | 445,120 | ||||||||
Sankyo Tateyama, Inc. | 142,900 | 1,064,804 | ||||||||
# | Sanoyas Holdings Corp. | 151,100 | 220,295 | |||||||
# | Sansei Technologies, Inc. | 78,400 | 559,228 | |||||||
Sansha Electric Manufacturing Co., Ltd. | 64,300 | 475,506 | ||||||||
Sanyo Denki Co., Ltd. | 44,100 | 2,353,315 | ||||||||
Sanyo Engineering & Construction, Inc. | 60,200 | 387,350 | ||||||||
Sanyo Industries, Ltd. | 9,900 | 165,538 | ||||||||
# | Sanyo Trading Co., Ltd. | 140,000 | 1,459,332 | |||||||
# | Sata Construction Co., Ltd. | 89,399 | 362,520 | |||||||
Sato Holdings Corp. | 184,700 | 4,822,930 | ||||||||
# | Sato Shoji Corp. | 86,800 | 852,871 | |||||||
# | Sawafuji Electric Co., Ltd. | 1,900 | 40,938 | |||||||
SBS Holdings, Inc. | 122,400 | 3,069,351 | ||||||||
# | SEC Carbon, Ltd. | 10,900 | 732,312 | |||||||
# | Secom Joshinetsu Co., Ltd. | 30,800 | 1,017,377 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
# | Seibu Electric & Machinery Co., Ltd. | 10,300 | $ | 116,262 | ||||||
Seika Corp. | 61,700 | 864,293 | ||||||||
Seikitokyu Kogyo Co., Ltd. | 191,330 | 1,611,713 | ||||||||
Seiwa Electric Manufacturing Co., Ltd. | 1,700 | 9,433 | ||||||||
Sekisui Jushi Corp. | 215,100 | 4,082,509 | ||||||||
# | Senko Group Holdings Co., Ltd. | 715,500 | 6,783,256 | |||||||
Senshu Electric Co., Ltd. | 51,200 | 1,667,836 | ||||||||
Shibaura Machine Co., Ltd. | 135,500 | 3,427,653 | ||||||||
Shibusawa Warehouse Co., Ltd. (The) | 61,600 | 1,261,378 | ||||||||
Shibuya Corp. | 96,600 | 3,098,455 | ||||||||
Shima Seiki Manufacturing, Ltd. | 172,300 | 4,001,103 | ||||||||
# | Shin Nippon Air Technologies Co., Ltd. | 94,480 | 2,057,120 | |||||||
# | Shin-Keisei Electric Railway Co., Ltd. | 39,399 | 791,394 | |||||||
# | Shinki Bus Co., Ltd. | 1,900 | 55,138 | |||||||
Shinmaywa Industries, Ltd. | 413,700 | 3,823,415 | ||||||||
Shinnihon Corp. | 180,600 | 1,442,344 | ||||||||
Shinsho Corp. | 31,800 | 647,670 | ||||||||
Shinwa Co., Ltd. | 62,300 | 1,226,912 | ||||||||
#* | Shoko Co., Ltd. | 25,700 | 185,250 | |||||||
# | SIGMAXYZ, Inc. | 87,500 | 1,476,006 | |||||||
Sinfonia Technology Co., Ltd. | 142,400 | 1,697,437 | ||||||||
# | Sinko Industries, Ltd. | 127,700 | 2,515,180 | |||||||
Sintokogio, Ltd. | 284,600 | 1,989,726 | ||||||||
Soda Nikka Co., Ltd. | 109,200 | 566,727 | ||||||||
Sodick Co., Ltd. | 211,200 | 1,972,124 | ||||||||
Space Co., Ltd. | 95,062 | 846,796 | ||||||||
S-Pool, Inc. | 301,000 | 3,103,436 | ||||||||
Star Micronics Co., Ltd. | 240,200 | 3,589,177 | ||||||||
Subaru Enterprise Co., Ltd. | 6,300 | 463,080 | ||||||||
# | Sugimoto & Co., Ltd. | 63,900 | 1,369,348 | |||||||
# | Sumiseki Holdings, Inc. | 363,100 | 404,043 | |||||||
Sumitomo Densetsu Co., Ltd. | 111,200 | 2,421,234 | ||||||||
Sumitomo Mitsui Construction Co., Ltd. | 1,006,140 | 4,534,681 | ||||||||
* | Sumitomo Precision Products Co., Ltd. | 18,184 | 389,880 | |||||||
Sumitomo Warehouse Co., Ltd. (The) | 399,600 | 5,317,719 | ||||||||
Suzumo Machinery Co., Ltd. | 2,200 | 34,554 | ||||||||
SWCC Showa Holdings Co., Ltd. | 98,700 | 1,457,844 | ||||||||
# | Tacmina Corp. | 14,700 | 177,671 | |||||||
# | Tadano, Ltd. | 640,100 | 6,869,994 | |||||||
Taihei Dengyo Kaisha, Ltd. | 97,000 | 2,318,632 | ||||||||
# | Taiheiyo Kouhatsu, Inc. | 43,500 | 302,165 | |||||||
Taikisha, Ltd. | 169,500 | 4,652,533 | ||||||||
Taisei Oncho Co., Ltd. | 14,200 | 258,949 | ||||||||
# | Takadakiko Co., Ltd. | 7,500 | 190,927 | |||||||
Takamatsu Construction Group Co., Ltd. | 106,800 | 2,080,634 | ||||||||
Takamatsu Machinery Co., Ltd. | 41,800 | 283,079 | ||||||||
# | Takamiya Co., Ltd. | 128,600 | 713,074 | |||||||
# | Takano Co., Ltd. | 52,400 | 289,525 | |||||||
Takaoka Toko Co., Ltd. | 59,620 | 852,128 | ||||||||
Takara & Co., Ltd. | 25,555 | 426,741 | ||||||||
Takara Standard Co., Ltd. | 225,000 | 3,393,967 | ||||||||
Takasago Thermal Engineering Co., Ltd. | 290,500 | 4,530,737 | ||||||||
Takashima & Co., Ltd. | 25,200 | 404,876 | ||||||||
Takeei Corp. | 130,100 | 1,520,768 | ||||||||
Takeuchi Manufacturing Co., Ltd. | 230,900 | 6,458,969 | ||||||||
Takigami Steel Construction Co., Ltd. (The) | 5,300 | 274,535 | ||||||||
Takisawa Machine Tool Co., Ltd. | 41,700 | 430,254 | ||||||||
Takuma Co., Ltd. | 102,600 | 2,228,396 | ||||||||
Tanabe Consulting Co., Ltd. | 1,200 | 15,558 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
# | Tanabe Engineering Corp. | 39,500 | $ | 314,401 | ||||||
Tanseisha Co., Ltd. | 243,549 | 1,947,820 | ||||||||
# | Tatsuta Electric Wire and Cable Co., Ltd. | 287,400 | 1,636,457 | |||||||
TECHNO ASSOCIE Co., Ltd. | 50,100 | 477,607 | ||||||||
# | Techno Ryowa, Ltd. | 68,690 | 541,810 | |||||||
# | Techno Smart Corp. | 49,500 | 619,255 | |||||||
Teikoku Electric Manufacturing Co., Ltd. | 111,000 | 1,328,029 | ||||||||
Teikoku Sen-I Co., Ltd. | 108,500 | 2,201,746 | ||||||||
Tekken Corp. | 84,200 | 1,503,153 | ||||||||
Tenox Corp. | 22,500 | 180,473 | ||||||||
Teraoka Seisakusho Co., Ltd. | 76,000 | 271,463 | ||||||||
Terasaki Electric Co., Ltd. | 24,400 | 275,754 | ||||||||
# | Toa Corp. | 103,400 | 2,284,654 | |||||||
TOA ROAD Corp. | 27,300 | 1,045,285 | ||||||||
Toba, Inc. | 9,800 | 228,182 | ||||||||
Tobishima Corp. | 126,570 | 1,376,734 | ||||||||
Tocalo Co., Ltd. | 389,800 | 5,117,932 | ||||||||
# | Toda Corp. | 256,100 | 1,878,974 | |||||||
Toenec Corp. | 53,500 | 1,894,534 | ||||||||
Togami Electric Manufacturing Co., Ltd. | 17,800 | 296,755 | ||||||||
TOKAI Holdings Corp. | 634,900 | 5,493,772 | ||||||||
Tokai Lease Co., Ltd. | 18,800 | 236,128 | ||||||||
Tokyo Energy & Systems, Inc. | 154,000 | 1,275,717 | ||||||||
# | Tokyo Keiki, Inc. | 69,022 | 590,098 | |||||||
# | Tokyo Sangyo Co., Ltd. | 130,800 | 764,650 | |||||||
Tokyu Construction Co., Ltd. | 551,700 | 3,003,412 | ||||||||
Toli Corp. | 277,100 | 626,276 | ||||||||
# | Tomoe Corp. | 155,100 | 562,833 | |||||||
Tomoe Engineering Co., Ltd. | 51,100 | 1,003,438 | ||||||||
Tonami Holdings Co., Ltd. | 37,200 | 1,813,679 | ||||||||
Toppan Forms Co., Ltd. | 326,500 | 3,302,492 | ||||||||
# | Torishima Pump Manufacturing Co., Ltd. | 130,700 | 1,026,743 | |||||||
TORQ Inc | 7,900 | 18,834 | ||||||||
# | Totech Corp. | 49,200 | 1,291,315 | |||||||
Totetsu Kogyo Co., Ltd. | 159,600 | 3,819,560 | ||||||||
Totoku Electric Co., Ltd. | 17,700 | 415,955 | ||||||||
# | Toyo Construction Co., Ltd. | 524,200 | 2,720,420 | |||||||
Toyo Denki Seizo K.K. | 35,450 | 419,681 | ||||||||
* | Toyo Engineering Corp. | 205,878 | 1,456,462 | |||||||
# | Toyo Logistics Co., Ltd. | 85,100 | 266,406 | |||||||
Toyo Machinery & Metal Co., Ltd. | 97,300 | 440,007 | ||||||||
Toyo Tanso Co., Ltd. | 75,600 | 1,468,954 | ||||||||
# | Toyo Wharf & Warehouse Co., Ltd. | 36,000 | 513,169 | |||||||
Trancom Co., Ltd. | 49,100 | 3,922,311 | ||||||||
# | Trinity Industrial Corp. | 36,000 | 276,362 | |||||||
# | Trusco Nakayama Corp. | 171,500 | 4,549,606 | |||||||
Tsubaki Nakashima Co., Ltd. | 277,100 | 4,258,487 | ||||||||
Tsubakimoto Chain Co. | 172,140 | 4,749,999 | ||||||||
# | Tsubakimoto Kogyo Co., Ltd. | 28,800 | 989,645 | |||||||
* | Tsudakoma Corp. | 17,698 | 148,694 | |||||||
Tsugami Corp. | 268,700 | 4,051,787 | ||||||||
# | Tsukishima Kikai Co., Ltd. | 187,700 | 2,179,860 | |||||||
Tsurumi Manufacturing Co., Ltd. | 128,400 | 2,108,729 | ||||||||
Uchida Yoko Co., Ltd. | 51,600 | 2,303,764 | ||||||||
# | Ueki Corp. | 60,800 | 853,098 | |||||||
Union Tool Co. | 45,500 | 1,451,084 | ||||||||
UPR Corp. | 700 | 20,438 | ||||||||
# | Ushio, Inc. | 660,300 | 8,729,494 | |||||||
* | UT Group Co., Ltd. | 169,800 | 5,603,822 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
Utoc Corp. | 102,200 | $ | 458,624 | |||||||
Waida Manufacturing Co., Ltd. | 5,100 | 51,387 | ||||||||
Wakachiku Construction Co., Ltd. | 79,300 | 982,848 | ||||||||
Wakita & Co., Ltd. | 253,000 | 2,286,709 | ||||||||
WDB Holdings Co., Ltd. | 63,200 | 1,482,962 | ||||||||
Weathernews, Inc. | 34,300 | 1,634,595 | ||||||||
# | Welbe, Inc. | 5,300 | 72,758 | |||||||
Will Group, Inc. | 99,600 | 1,031,864 | ||||||||
World Holdings Co., Ltd. | 39,600 | 1,027,799 | ||||||||
Yahagi Construction Co., Ltd. | 181,400 | 1,378,063 | ||||||||
YAMABIKO Corp. | 228,128 | 2,536,312 | ||||||||
# | YAMADA Consulting Group Co., Ltd. | 72,700 | 787,819 | |||||||
# | Yamashina Corp. | 224,200 | 160,414 | |||||||
# | Yamato Corp. | 110,500 | 673,438 | |||||||
# | Yamaura Corp. | 9,900 | 82,659 | |||||||
Yamazen Corp. | 390,200 | 3,680,726 | ||||||||
Yasuda Logistics Corp. | 102,000 | 896,025 | ||||||||
Yokogawa Bridge Holdings Corp. | 204,100 | 3,783,308 | ||||||||
# | Yondenko Corp. | 26,560 | 736,873 | |||||||
# | Yuasa Trading Co., Ltd. | 118,200 | 3,340,622 | |||||||
Yuken Kogyo Co., Ltd. | 20,500 | 318,047 | ||||||||
Yurtec Corp. | 264,600 | 1,948,384 | ||||||||
Zaoh Co., Ltd. | 23,400 | 299,915 | ||||||||
# | Zenitaka Corp. (The) | 19,200 | 893,469 | |||||||
Zuiko Corp. | 90,400 | 861,177 | ||||||||
|
| |||||||||
TOTAL INDUSTRIALS | 965,823,240 | |||||||||
|
| |||||||||
INFORMATION TECHNOLOGY (12.8%) |
| |||||||||
# | A&D Co., Ltd. | 124,300 | 1,403,495 | |||||||
* | Access Co., Ltd. | 87,800 | 662,690 | |||||||
# | Ad-sol Nissin Corp. | 43,000 | 1,109,565 | |||||||
Adtec Plasma Technology Co., Ltd. | 2,200 | 28,318 | ||||||||
* | Advanced Media, Inc. | 7,300 | 54,458 | |||||||
# | AGS Corp. | 13,000 | 99,015 | |||||||
Ai Holdings Corp. | 248,100 | 4,930,744 | ||||||||
Aichi Tokei Denki Co., Ltd. | 17,900 | 703,259 | ||||||||
Aiphone Co., Ltd. | 63,500 | 1,061,420 | ||||||||
# | Alpha Systems, Inc. | 45,620 | 1,484,973 | |||||||
Amano Corp. | 127,500 | 3,101,420 | ||||||||
AOI Electronics Co., Ltd. | 27,700 | 577,701 | ||||||||
Argo Graphics, Inc. | 105,800 | 3,042,606 | ||||||||
# | Arisawa Manufacturing Co., Ltd. | 207,800 | 1,881,423 | |||||||
Artiza Networks, Inc. | 6,200 | 109,313 | ||||||||
ArtSpark Holdings, Inc. | 33,700 | 630,397 | ||||||||
Asahi Intelligence Service Co., Ltd. | 1,300 | 14,508 | ||||||||
Ascentech KK | 1,700 | 25,359 | ||||||||
Atled Corp. | 1,400 | 28,893 | ||||||||
Avant Corp. | 100,300 | 1,504,676 | ||||||||
# | Axell Corp. | 27,900 | 249,553 | |||||||
# | Azia Co., Ltd. | 14,300 | 225,472 | |||||||
* | BrainPad, Inc. | 7,200 | 357,833 | |||||||
# | Broadband Tower, Inc. | 105,600 | 266,204 | |||||||
Broadleaf Co., Ltd. | 606,400 | 2,983,250 | ||||||||
# | Business Brain Showa-Ota, Inc. | 29,000 | 506,994 | |||||||
Business Engineering Corp. | 800 | 25,141 | ||||||||
CAC Holdings Corp. | 75,200 | 979,439 | ||||||||
Canon Electronics, Inc. | 126,200 | 1,967,877 | ||||||||
CDS Co., Ltd. | 15,300 | 207,859 | ||||||||
#* | Change, Inc. | 2,400 | 77,685 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
# | Chino Corp. | 46,300 | $ | 608,788 | ||||||
# | Citizen Watch Co., Ltd. | 1,795,100 | 6,150,998 | |||||||
CMK Corp. | 310,300 | 1,349,094 | ||||||||
Computer Engineering & Consulting, Ltd. | 164,800 | 2,146,439 | ||||||||
Computer Institute of Japan, Ltd. | 94,700 | 775,574 | ||||||||
Comture Corp. | 138,200 | 3,348,449 | ||||||||
CONEXIO Corp. | 95,500 | 1,198,408 | ||||||||
# | Core Corp. | 45,800 | 626,707 | |||||||
# | Cresco, Ltd. | 83,000 | 1,212,238 | |||||||
* | CRI Middleware Co., Ltd. | 2,300 | 37,074 | |||||||
# | Cube System, Inc. | 60,600 | 646,192 | |||||||
Cyber Com Co., Ltd. | 10,600 | 151,475 | ||||||||
Cyberlinks Co., Ltd. | 1,500 | 22,455 | ||||||||
Cybernet Systems Co., Ltd. | 57,700 | 458,725 | ||||||||
# | Cybozu, Inc. | 115,500 | 2,337,256 | |||||||
# | Daiko Denshi Tsushin, Ltd. | 37,200 | 189,026 | |||||||
Daishinku Corp. | 42,399 | 951,860 | ||||||||
Daitron Co., Ltd. | 58,200 | 949,613 | ||||||||
Daiwabo Holdings Co., Ltd. | 587,500 | 8,946,132 | ||||||||
Dawn Corp. | 3,200 | 94,337 | ||||||||
# | Densan System Co., Ltd. | 39,200 | 1,149,885 | |||||||
Dexerials Corp. | 357,200 | 6,124,022 | ||||||||
Digital Arts, Inc. | 71,800 | 6,315,716 | ||||||||
Digital Garage, Inc. | 110,100 | 4,496,616 | ||||||||
# | Digital Hearts Holdings Co., Ltd. | 87,100 | 1,281,410 | |||||||
Digital Information Technologies Corp. | 40,000 | 831,631 | ||||||||
DKK Co., Ltd. | 61,700 | 1,517,677 | ||||||||
# | DKK-Toa Corp. | 28,300 | 209,758 | |||||||
# | Double Standard, Inc. | 14,000 | 524,020 | |||||||
DTS Corp. | 262,800 | 6,010,443 | ||||||||
# | Ebase Co., Ltd. | 63,000 | 540,148 | |||||||
Edulab, Inc. | 6,200 | 462,210 | ||||||||
E-Guardian, Inc. | 51,100 | 1,337,503 | ||||||||
# | Eizo Corp. | 106,700 | 4,035,013 | |||||||
Elecom Co., Ltd. | 132,800 | 2,952,033 | ||||||||
Elematec Corp. | 116,842 | 1,076,153 | ||||||||
Enomoto Co., Ltd. | 30,200 | 569,215 | ||||||||
# | Enplas Corp. | 57,200 | 2,143,884 | |||||||
ESPEC Corp. | 119,800 | 2,005,453 | ||||||||
Fenwal Controls of Japan, Ltd. | 20,500 | 289,883 | ||||||||
# | Ferrotec Holdings Corp. | 239,200 | 4,806,702 | |||||||
#* | FFRI Security, Inc. | 22,500 | 448,552 | |||||||
# | Fixstars Corp. | 97,100 | 909,783 | |||||||
# | Focus Systems Corp. | 30,900 | 276,301 | |||||||
# | Forval Corp. | 51,100 | 404,353 | |||||||
FTGroup Co., Ltd. | 51,000 | 654,269 | ||||||||
Fuji Soft, Inc. | 100,200 | 5,201,719 | ||||||||
Fukui Computer Holdings, Inc. | 53,500 | 1,920,673 | ||||||||
Furuno Electric Co., Ltd. | 157,500 | 1,559,441 | ||||||||
# | Furuya Metal Co., Ltd. | 7,600 | 484,109 | |||||||
Future Corp. | 143,400 | 2,597,109 | ||||||||
Future Innovation Group, Inc. | 11,900 | 29,523 | ||||||||
# | Gig Works, Inc. | 9,600 | 91,687 | |||||||
# | GL Sciences, Inc. | 45,000 | 1,016,450 | |||||||
# | Glosel Co., Ltd. | 113,200 | 454,366 | |||||||
# | GMO GlobalSign Holdings K.K. | 19,300 | 1,189,608 | |||||||
# | GMO Pepabo, Inc. | 7,300 | 526,496 | |||||||
Hagiwara Electric Holdings Co., Ltd. | 49,500 | 1,175,977 | ||||||||
Hakuto Co., Ltd. | 87,300 | 1,011,282 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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INFORMATION TECHNOLOGY (Continued) |
| |||||||||
Hibino Corp. | 26,900 | $ | 395,785 | |||||||
Himacs, Ltd. | 960 | 10,786 | ||||||||
Hioki EE Corp. | 67,100 | 2,607,688 | ||||||||
Hochiki Corp. | 88,900 | 1,101,834 | ||||||||
# | Hokuriku Electric Industry Co., Ltd. | 46,800 | 405,461 | |||||||
# | Holon Co., Ltd. | 2,100 | 92,284 | |||||||
# | Honda Tsushin Kogyo Co., Ltd. | 107,100 | 507,108 | |||||||
Hosiden Corp. | 343,500 | 3,595,022 | ||||||||
# | Icom, Inc. | 61,500 | 1,536,020 | |||||||
# | ID Holdings Corp. | 52,100 | 601,398 | |||||||
Ikegami Tsushinki Co., Ltd. | 32,799 | 263,958 | ||||||||
# | Ines Corp. | 126,600 | 1,523,432 | |||||||
# | I-Net Corp. | 74,290 | 1,024,307 | |||||||
Infocom Corp. | 108,100 | 2,760,406 | ||||||||
Infomart Corp. | 235,600 | 2,036,696 | ||||||||
Information Services International-Dentsu, Ltd. | 148,000 | 5,255,220 | ||||||||
# | Innotech Corp. | 101,900 | 1,224,783 | |||||||
Intelligent Wave, Inc. | 36,600 | 231,853 | ||||||||
Inter Action Corp. | 27,600 | 584,667 | ||||||||
I-O Data Device, Inc. | 50,700 | 482,810 | ||||||||
I-PEX, Inc. | 38,100 | 698,568 | ||||||||
# | Iriso Electronics Co., Ltd. | 132,500 | 5,931,346 | |||||||
# | ISB Corp. | 23,100 | 262,806 | |||||||
Itfor, Inc. | 164,700 | 1,239,485 | ||||||||
* | Iwatsu Electric Co., Ltd. | 54,900 | 447,252 | |||||||
Japan Aviation Electronics Industry, Ltd. | 301,700 | 4,911,492 | ||||||||
Japan Cash Machine Co., Ltd. | 141,800 | 784,401 | ||||||||
* | Japan Display, Inc. | 1,005,500 | 436,377 | |||||||
# | Japan Electronic Materials Corp. | 51,800 | 894,823 | |||||||
Japan Material Co., Ltd. | 417,100 | 4,950,465 | ||||||||
# | Jastec Co., Ltd. | 68,200 | 744,196 | |||||||
# | JBCC Holdings, Inc. | 88,800 | 1,191,723 | |||||||
JFE Systems, Inc. | 6,200 | 104,254 | ||||||||
#* | JIG-SAW, Inc. | 17,300 | 2,266,945 | |||||||
Kaga Electronics Co., Ltd. | 108,800 | 2,445,711 | ||||||||
Kanematsu Electronics, Ltd. | 79,200 | 2,673,527 | ||||||||
KEL Corp. | 27,900 | 232,672 | ||||||||
Koa Corp. | 172,100 | 2,443,690 | ||||||||
Konica Minolta, Inc. | 47,900 | 260,879 | ||||||||
KSK Co., Ltd. | 3,000 | 63,688 | ||||||||
Kyoden Co., Ltd. | 116,100 | 332,186 | ||||||||
Kyosan Electric Manufacturing Co., Ltd. | 268,600 | 1,002,440 | ||||||||
Kyowa Electronic Instruments Co., Ltd. | 129,800 | 510,650 | ||||||||
LAC Co., Ltd. | 100,100 | 972,157 | ||||||||
Lecip Holdings Corp. | 10,900 | 58,404 | ||||||||
Macnica Fuji Electronics Holdings, Inc. | 328,350 | 6,579,107 | ||||||||
# | Marubun Corp. | 112,200 | 538,669 | |||||||
Maruwa Co., Ltd. | 56,500 | 5,811,711 | ||||||||
* | Maxell Holdings, Ltd. | 306,100 | 3,879,468 | |||||||
MCJ Co., Ltd. | 420,800 | 3,669,592 | ||||||||
# | Megachips Corp. | 105,500 | 3,376,550 | |||||||
Meiko Electronics Co., Ltd. | 135,300 | 3,292,287 | ||||||||
Melco Holdings, Inc. | 18,600 | 650,065 | ||||||||
Micronics Japan Co., Ltd. | 18,200 | 278,075 | ||||||||
* | Mimaki Engineering Co., Ltd. | 113,200 | 643,661 | |||||||
Mimasu Semiconductor Industry Co., Ltd. | 107,881 | 2,666,060 | ||||||||
Miraial Co., Ltd. | 39,500 | 454,482 | ||||||||
# | Miroku Jyoho Service Co., Ltd. | 112,800 | 2,106,584 | |||||||
Mitachi Co., Ltd. | 7,900 | 48,846 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
# | Mitsubishi Research Institute, Inc. | 53,500 | $ | 1,995,004 | ||||||
Mitsui High-Tec, Inc. | 130,600 | 5,482,066 | ||||||||
m-up Holdings, Inc. | 13,200 | 351,603 | ||||||||
Mutoh Holdings Co., Ltd. | 9,300 | 137,469 | ||||||||
Nagano Keiki Co., Ltd. | 85,300 | 757,749 | ||||||||
Nakayo, Inc. | 73,100 | 1,015,774 | ||||||||
# | NF Holdings Corp. | 25,900 | 477,980 | |||||||
# | Nichicon Corp. | 317,300 | 3,229,136 | |||||||
Nihon Denkei Co., Ltd. | 31,800 | 392,964 | ||||||||
* | Nippon Chemi-Con Corp. | 83,600 | 1,473,345 | |||||||
# | Nippon Computer Dynamics Co., Ltd. | 36,200 | 220,719 | |||||||
Nippon Electric Glass Co., Ltd. | 431,236 | 10,023,913 | ||||||||
# | Nippon Information Development Co., Ltd. | 12,600 | 159,089 | |||||||
# | Nippon Kodoshi Corp. | 51,600 | 1,458,724 | |||||||
Nippon Signal Co., Ltd. | 317,300 | 2,818,340 | ||||||||
Nippon Systemware Co., Ltd. | 46,200 | 872,690 | ||||||||
Nissha Co., Ltd. | 232,800 | 2,892,298 | ||||||||
Nohmi Bosai, Ltd. | 146,200 | 2,847,686 | ||||||||
# | NPC, Inc. | 30,900 | 219,133 | |||||||
NSD Co., Ltd. | 508,160 | 8,478,289 | ||||||||
# | Ohara, Inc. | 35,900 | 548,771 | |||||||
#* | Okaya Electric Industries Co., Ltd. | 77,800 | 279,245 | |||||||
# | Oki Electric Industry Co., Ltd. | 548,300 | 5,712,188 | |||||||
ONO Sokki Co., Ltd. | 32,200 | 162,104 | ||||||||
Optex Group Co., Ltd. | 191,620 | 2,861,262 | ||||||||
* | Optim Corp. | 32,000 | 864,187 | |||||||
Optorun Co., Ltd. | 46,600 | 1,161,218 | ||||||||
Oro Co., Ltd. | 18,400 | 635,809 | ||||||||
Osaki Electric Co., Ltd. | 281,800 | 1,554,354 | ||||||||
# | Oval Corp. | 35,600 | 92,797 | |||||||
# | Paltek Corp. | 38,500 | 182,574 | |||||||
# | PCA Corp. | 4,700 | 181,007 | |||||||
# | PCI Holdings, Inc. | 30,800 | 404,649 | |||||||
# | Poletowin Pitcrew Holdings, Inc. | 189,900 | 2,368,699 | |||||||
# | Pro-Ship, Inc. | 41,700 | 504,432 | |||||||
Restar Holdings Corp. | 130,000 | 2,398,984 | ||||||||
* | Ricksoft Co., Ltd. | 2,000 | 66,460 | |||||||
Riken Keiki Co., Ltd. | 94,800 | 2,363,034 | ||||||||
# | Riso Kagaku Corp. | 131,200 | 1,747,392 | |||||||
Roland DG Corp. | 82,600 | 1,354,437 | ||||||||
Rorze Corp. | 54,400 | 3,864,491 | ||||||||
RS Technologies Co., Ltd. | 21,100 | 1,223,766 | ||||||||
# | Ryoden Corp. | 96,700 | 1,442,275 | |||||||
Ryosan Co., Ltd. | 144,100 | 2,947,172 | ||||||||
# | Ryoyo Electro Corp. | 7,300 | 176,401 | |||||||
Saison Information Systems Co., Ltd. | 24,800 | 480,358 | ||||||||
Sakura Internet, Inc. | 122,900 | 871,056 | ||||||||
# | Sanken Electric Co., Ltd. | 152,400 | 7,173,273 | |||||||
Sanshin Electronics Co., Ltd. | 121,500 | 2,204,650 | ||||||||
Santec Corp. | 3,000 | 48,900 | ||||||||
# | Satori Electric Co., Ltd. | 79,180 | 573,988 | |||||||
* | Saxa Holdings, Inc. | 30,600 | 443,568 | |||||||
# | SB Technology Corp. | 61,300 | 1,784,325 | |||||||
# | Scala, Inc. | 83,700 | 565,490 | |||||||
Segue Group Co., Ltd. | 1,900 | 22,260 | ||||||||
# | Seikoh Giken Co., Ltd. | 22,300 | 484,829 | |||||||
# | SEMITEC Corp. | 5,500 | 241,810 | |||||||
# | SERAKU Co., Ltd. | 8,300 | 146,591 | |||||||
Shibaura Electronics Co., Ltd. | 52,600 | 1,744,735 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
# | Shibaura Mechatronics Corp. | 24,100 | $ | 1,213,563 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 45,600 | 1,343,339 | ||||||||
Shinko Shoji Co., Ltd. | 266,500 | 1,929,005 | ||||||||
# | Shizuki Electric Co., Inc. | 121,600 | 665,800 | |||||||
Showa Shinku Co., Ltd. | 24,400 | 389,797 | ||||||||
Sigma Koki Co., Ltd. | 27,000 | 348,793 | ||||||||
Siix Corp. | 203,600 | 3,009,521 | ||||||||
SK-Electronics Co., Ltd. | 47,300 | 545,386 | ||||||||
#* | Smaregi, Inc. | 2,000 | 103,229 | |||||||
# | SMK Corp. | 32,699 | 839,109 | |||||||
# | Softcreate Holdings Corp. | 50,000 | 1,136,220 | |||||||
Soliton Systems K.K. | 36,600 | 551,798 | ||||||||
Solxyz Co., Ltd. | 1,800 | 15,091 | ||||||||
SRA Holdings | 72,100 | 1,769,991 | ||||||||
Sumida Corp. | 176,449 | 1,728,994 | ||||||||
Sun-Wa Technos Corp. | 79,800 | 780,616 | ||||||||
Suzuden Corp. | 1,200 | 14,067 | ||||||||
Suzuki Co., Ltd. | 67,100 | 662,528 | ||||||||
System D, Inc. | 1,100 | 15,447 | ||||||||
# | System Information Co., Ltd. | 54,800 | 523,007 | |||||||
System Research Co., Ltd. | 27,200 | 512,336 | ||||||||
System Support, Inc. | 3,200 | 45,657 | ||||||||
Systems Engineering Consultants Co., Ltd. | 2,100 | 53,089 | ||||||||
Systena Corp. | 312,400 | 6,267,470 | ||||||||
# | Tachibana Eletech Co., Ltd. | 110,760 | 1,617,841 | |||||||
# | Takachiho Koheki Co., Ltd. | 38,500 | 391,194 | |||||||
# | TAKEBISHI Corp. | 52,200 | 710,286 | |||||||
# | Tamagawa Holdings Co., Ltd. | 7,500 | 122,381 | |||||||
Tamura Corp. | 467,400 | 2,165,867 | ||||||||
Tazmo Co., Ltd. | 16,300 | 285,406 | ||||||||
# | TDC Soft, Inc. | 95,200 | 878,608 | |||||||
* | TeamSpirit, Inc. | 1,300 | 24,327 | |||||||
TechMatrix Corp. | 233,600 | 4,174,894 | ||||||||
# | Techno Horizon Co., Ltd. | 56,700 | 607,138 | |||||||
Tecnos Japan, Inc. | 8,800 | 55,156 | ||||||||
Teikoku Tsushin Kogyo Co., Ltd. | 51,500 | 512,124 | ||||||||
Terilogy Co., Ltd. | 22,900 | 127,036 | ||||||||
TKC Corp. | 181,200 | 5,772,202 | ||||||||
Tobila Systems, Inc. | 1,600 | 20,935 | ||||||||
Toho System Science Co., Ltd. | 2,700 | 23,555 | ||||||||
Tokyo Electron Device, Ltd. | 43,800 | 1,546,729 | ||||||||
Tokyo Seimitsu Co., Ltd. | 257,200 | 11,766,642 | ||||||||
# | Tomen Devices Corp. | 15,300 | 556,646 | |||||||
Topcon Corp. | 691,700 | 8,415,284 | ||||||||
Torex Semiconductor, Ltd. | 52,900 | 812,104 | ||||||||
Toshiba TEC Corp. | 49,300 | 1,809,740 | ||||||||
Toukei Computer Co., Ltd. | 6,210 | 255,597 | ||||||||
Towa Corp. | 134,700 | 2,615,310 | ||||||||
Toyo Corp. | 149,600 | 1,450,234 | ||||||||
Transcosmos, Inc. | 30,500 | 825,055 | ||||||||
Tri Chemical Laboratories, Inc. | 125,600 | 4,018,448 | ||||||||
# | Tsuzuki Denki Co., Ltd. | 42,800 | 642,349 | |||||||
# | Ubicom Holdings, Inc. | 12,500 | 349,083 | |||||||
ULS Group, Inc. | 1,000 | 28,738 | ||||||||
Ulvac, Inc. | 264,700 | 11,178,533 | ||||||||
#* | Uniden Holdings Corp. | 41,500 | 968,367 | |||||||
UNITED, Inc. | 24,200 | 305,314 | ||||||||
* | User Local, Inc. | 2,300 | 96,055 | |||||||
# | V Technology Co., Ltd. | 57,500 | 2,841,599 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
VINX Corp. | 13,200 | $ | 132,096 | |||||||
# | Wacom Co., Ltd. | 927,100 | 6,247,974 | |||||||
Wellnet Corp. | 10,100 | 51,069 | ||||||||
# | YAC Holdings Co., Ltd. | 62,600 | 553,900 | |||||||
# | Yamaichi Electronics Co., Ltd. | 144,700 | 1,966,381 | |||||||
# | Yashima Denki Co., Ltd. | 119,500 | 1,077,151 | |||||||
YE DIGITAL Corp. | 7,100 | 44,531 | ||||||||
Yokowo Co., Ltd. | 95,500 | 2,348,500 | ||||||||
Zuken, Inc. | 1,900 | 48,620 | ||||||||
|
| |||||||||
TOTAL INFORMATION TECHNOLOGY | 429,322,629 | |||||||||
|
| |||||||||
MATERIALS (11.1%) |
| |||||||||
Achilles Corp. | 92,400 | 1,241,137 | ||||||||
ADEKA Corp. | 604,300 | 11,878,267 | ||||||||
Agro-Kanesho Co., Ltd. | 1,300 | 19,164 | ||||||||
Aichi Steel Corp. | 66,400 | 2,231,090 | ||||||||
Arakawa Chemical Industries, Ltd. | 110,100 | 1,314,116 | ||||||||
Araya Industrial Co., Ltd. | 19,600 | 310,294 | ||||||||
# | Asahi Holdings, Inc. | 455,700 | 8,753,534 | |||||||
Asahi Printing Co., Ltd. | 25,700 | 217,070 | ||||||||
Asahi Yukizai Corp. | 86,600 | 1,175,577 | ||||||||
Asahipen Corp. | 2,100 | 38,051 | ||||||||
Asia Pile Holdings Corp. | 210,800 | 1,018,929 | ||||||||
C Uyemura & Co., Ltd. | 35,900 | 2,559,426 | ||||||||
Carlit Holdings Co., Ltd. | 122,800 | 814,314 | ||||||||
Chuetsu Pulp & Paper Co., Ltd. | 49,900 | 571,999 | ||||||||
Chugoku Marine Paints, Ltd. | 355,300 | 3,202,334 | ||||||||
CI Takiron Corp. | 291,200 | 1,789,313 | ||||||||
# | CK-San-Etsu Co., Ltd. | 21,200 | 798,747 | |||||||
Dai Nippon Toryo Co., Ltd. | 131,600 | 1,081,540 | ||||||||
Daido Steel Co., Ltd. | 155,000 | 7,191,299 | ||||||||
# | Daiichi Kigenso Kagaku-Kogyo Co., Ltd. | 127,500 | 1,508,200 | |||||||
Daiken Corp. | 78,100 | 1,557,120 | ||||||||
Daiki Aluminium Industry Co., Ltd. | 180,300 | 1,752,396 | ||||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 84,300 | 1,884,542 | ||||||||
Daito Chemix Corp. | 2,900 | 28,838 | ||||||||
DKS Co., Ltd. | 47,800 | 1,590,795 | ||||||||
Dowa Holdings Co., Ltd. | 116,905 | 4,877,878 | ||||||||
Dynapac Co., Ltd. | 8,500 | 111,021 | ||||||||
Fuji Seal International, Inc. | 191,300 | 4,284,820 | ||||||||
Fujikura Kasei Co., Ltd. | 167,500 | 806,951 | ||||||||
Fujimori Kogyo Co., Ltd. | 107,900 | 4,400,146 | ||||||||
Fuso Chemical Co., Ltd. | 122,500 | 4,509,807 | ||||||||
Geostr Corp. | 57,100 | 221,300 | ||||||||
Godo Steel, Ltd. | 60,000 | 1,181,047 | ||||||||
Gun-Ei Chemical Industry Co., Ltd. | 29,900 | 683,266 | ||||||||
Hakudo Co., Ltd. | 43,900 | 707,552 | ||||||||
# | Harima Chemicals Group, Inc. | 96,100 | 820,598 | |||||||
Hodogaya Chemical Co., Ltd. | 39,100 | 1,710,235 | ||||||||
# | Hokkan Holdings, Ltd. | 56,100 | 741,639 | |||||||
Hokko Chemical Industry Co., Ltd. | 120,700 | 1,280,202 | ||||||||
# | Hokuetsu Corp. | 772,899 | 3,625,297 | |||||||
Honshu Chemical Industry Co., Ltd. | 25,800 | 425,381 | ||||||||
Ise Chemicals Corp. | 13,000 | 396,623 | ||||||||
# | Ishihara Chemical Co., Ltd. | 35,500 | 724,916 | |||||||
Ishihara Sangyo Kaisha, Ltd. | 207,750 | 1,713,641 | ||||||||
* | Ishizuka Glass Co., Ltd. | 12,900 | 233,171 | |||||||
# | JCU Corp. | 139,300 | 5,263,225 | |||||||
# | JSP Corp. | 81,100 | 1,364,411 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
Kaneka Corp. | 87,200 | $ | 3,588,588 | |||||||
Kanto Denka Kogyo Co., Ltd. | 279,100 | 2,261,707 | ||||||||
Katakura & Co-op Agri Corp. | 21,500 | 246,673 | ||||||||
KeePer Technical Laboratory Co., Ltd. | 99,000 | 2,216,822 | ||||||||
KH Neochem Co., Ltd. | 216,800 | 5,489,682 | ||||||||
# | Kimoto Co., Ltd. | 222,300 | 432,621 | |||||||
Koatsu Gas Kogyo Co., Ltd. | 202,193 | 1,345,315 | ||||||||
* | Kobe Steel, Ltd. | 1,747,900 | 11,848,585 | |||||||
Kohsoku Corp. | 70,200 | 945,833 | ||||||||
Konishi Co., Ltd. | 216,600 | 3,517,028 | ||||||||
Konoshima Chemical Co., Ltd. | 31,600 | 455,391 | ||||||||
Krosaki Harima Corp. | 30,400 | 1,347,415 | ||||||||
Kumiai Chemical Industry Co., Ltd. | 205,287 | 1,866,243 | ||||||||
# | Kunimine Industries Co., Ltd. | 40,400 | 467,567 | |||||||
Kureha Corp. | 104,150 | 7,205,011 | ||||||||
Kurimoto, Ltd. | 59,300 | 939,052 | ||||||||
Kuriyama Holdings Corp. | 78,000 | 497,848 | ||||||||
Kyoei Steel, Ltd. | 135,500 | 2,033,623 | ||||||||
# | Kyowa Leather Cloth Co., Ltd. | 81,300 | 553,929 | |||||||
Lintec Corp. | 265,600 | 6,015,744 | ||||||||
Maruichi Steel Tube, Ltd. | 86,600 | 1,979,585 | ||||||||
MEC Co., Ltd. | 100,400 | 2,193,142 | ||||||||
# | Mitani Sekisan Co., Ltd. | 67,400 | 2,440,365 | |||||||
Mitsubishi Paper Mills, Ltd. | 277,700 | 950,830 | ||||||||
* | Mitsubishi Steel Manufacturing Co., Ltd. | 53,500 | 424,077 | |||||||
Mitsui Mining & Smelting Co., Ltd. | 379,600 | 13,209,602 | ||||||||
# | Molitec Steel Co., Ltd. | 83,100 | 327,328 | |||||||
# | MORESCO Corp. | 39,800 | 406,910 | |||||||
Mory Industries, Inc. | 34,700 | 831,164 | ||||||||
Nakayama Steel Works, Ltd. | 169,700 | 669,861 | ||||||||
Neturen Co., Ltd. | 222,100 | 1,225,213 | ||||||||
# | New Japan Chemical Co., Ltd. | 117,500 | 311,445 | |||||||
Nicca Chemical Co., Ltd. | 45,700 | 379,896 | ||||||||
# | Nichia Steel Works, Ltd. | 138,600 | 412,881 | |||||||
# | Nihon Kagaku Sangyo Co., Ltd. | 83,100 | 945,650 | |||||||
Nihon Nohyaku Co., Ltd. | 243,500 | 1,198,207 | ||||||||
Nihon Parkerizing Co., Ltd. | 517,500 | 5,598,989 | ||||||||
# | Nihon Yamamura Glass Co., Ltd. | 67,600 | 626,113 | |||||||
# | Nippon Carbide Industries Co., Inc. | 46,200 | 561,060 | |||||||
Nippon Chemical Industrial Co., Ltd. | 42,600 | 1,148,524 | ||||||||
# | Nippon Concrete Industries Co., Ltd. | 293,100 | 1,092,350 | |||||||
Nippon Denko Co., Ltd. | 767,314 | 2,396,546 | ||||||||
# | Nippon Fine Chemical Co., Ltd. | 79,200 | 1,074,125 | |||||||
Nippon Kayaku Co., Ltd. | 310,700 | 3,004,741 | ||||||||
Nippon Light Metal Holdings Co., Ltd. | 360,090 | 7,230,978 | ||||||||
# | Nippon Paper Industries Co., Ltd. | 450,400 | 5,402,582 | |||||||
# | Nippon Pillar Packing Co., Ltd. | 134,200 | 2,264,305 | |||||||
Nippon Soda Co., Ltd. | 155,000 | 4,898,138 | ||||||||
Nippon Yakin Kogyo Co., Ltd. | 89,749 | 1,670,628 | ||||||||
Nitta Gelatin, Inc. | 85,500 | 518,598 | ||||||||
Nittetsu Mining Co., Ltd. | 35,200 | 2,171,196 | ||||||||
Nozawa Corp. | 47,500 | 310,760 | ||||||||
Oat Agrio Co., Ltd. | 18,000 | 244,919 | ||||||||
Okamoto Industries, Inc. | 69,900 | 2,658,044 | ||||||||
Okura Industrial Co., Ltd. | 55,200 | 1,029,788 | ||||||||
Osaka Organic Chemical Industry, Ltd. | 95,200 | 3,205,720 | ||||||||
Osaka Soda Co., Ltd. | 94,699 | 2,257,566 | ||||||||
Osaka Steel Co., Ltd. | 89,300 | 1,149,882 | ||||||||
# | OSAKA Titanium Technologies Co., Ltd. | 127,500 | 1,108,489 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
# | Pacific Metals Co., Ltd. | 100,899 | $ | 1,966,088 | ||||||
Pack Corp. (The) | 84,400 | 2,305,032 | ||||||||
Rasa Industries, Ltd. | 45,700 | 874,350 | ||||||||
Rengo Co., Ltd. | 74,600 | 648,793 | ||||||||
Riken Technos Corp. | 227,500 | 1,062,415 | ||||||||
Sakai Chemical Industry Co., Ltd. | 103,800 | 1,973,788 | ||||||||
Sakata INX Corp. | 286,300 | 2,759,893 | ||||||||
Sanyo Chemical Industries, Ltd. | 94,900 | 4,809,233 | ||||||||
* | Sanyo Special Steel Co., Ltd. | 123,960 | 1,832,350 | |||||||
Seiko PMC Corp. | 67,900 | 500,763 | ||||||||
Sekisui Kasei Co., Ltd. | 150,000 | 809,149 | ||||||||
Shikoku Chemicals Corp. | 232,000 | 2,657,486 | ||||||||
Shinagawa Refractories Co., Ltd. | 37,800 | 986,594 | ||||||||
Shin-Etsu Polymer Co., Ltd. | 291,000 | 2,612,517 | ||||||||
SK Kaken Co., Ltd. | 1,100 | 383,997 | ||||||||
Soken Chemical & Engineering Co., Ltd. | 49,300 | 975,059 | ||||||||
# | Stella Chemifa Corp. | 67,200 | 1,940,793 | |||||||
Sumitomo Bakelite Co., Ltd. | 163,900 | 6,721,828 | ||||||||
# | Sumitomo Osaka Cement Co., Ltd. | 225,099 | 7,169,680 | |||||||
Sumitomo Seika Chemicals Co., Ltd. | 56,400 | 2,061,016 | ||||||||
T Hasegawa Co., Ltd. | 204,200 | 3,905,985 | ||||||||
T&K Toka Co., Ltd. | 136,300 | 1,052,811 | ||||||||
Taisei Lamick Co., Ltd. | 42,300 | 1,093,134 | ||||||||
Taiyo Holdings Co., Ltd. | 117,500 | 6,417,538 | ||||||||
# | Takasago International Corp. | 88,600 | 2,107,777 | |||||||
Takemoto Yohki Co., Ltd. | 35,000 | 278,679 | ||||||||
# | Taoka Chemical Co., Ltd. | 4,700 | 576,333 | |||||||
Tayca Corp. | 103,900 | 1,398,488 | ||||||||
# | Tenma Corp. | 117,300 | 2,360,077 | |||||||
# | Titan Kogyo, Ltd. | 5,100 | 93,110 | |||||||
Toagosei Co., Ltd. | 747,000 | 8,766,850 | ||||||||
* | Toda Kogyo Corp. | 21,500 | 421,098 | |||||||
Toho Acetylene Co., Ltd. | 12,700 | 154,020 | ||||||||
Toho Chemical Industry Co., Ltd. | 47,000 | 215,298 | ||||||||
# | Toho Titanium Co., Ltd. | 220,900 | 1,989,619 | |||||||
#* | Toho Zinc Co., Ltd. | 89,899 | 1,951,822 | |||||||
Tohoku Steel Co., Ltd. | 16,300 | 242,585 | ||||||||
# | Tokushu Tokai Paper Co., Ltd. | 64,558 | 2,843,539 | |||||||
Tokuyama Corp. | 385,498 | 9,753,742 | ||||||||
Tokyo Printing Ink Manufacturing Co., Ltd. | 10,200 | 199,059 | ||||||||
#* | Tokyo Rope Manufacturing Co., Ltd. | 22,078 | 245,131 | |||||||
# | Tokyo Steel Manufacturing Co., Ltd. | 609,400 | 4,670,755 | |||||||
# | Tokyo Tekko Co., Ltd. | 63,100 | 1,077,813 | |||||||
#* | Tomoegawa Co., Ltd. | 29,600 | 224,731 | |||||||
# | Tomoku Co., Ltd. | 70,600 | 1,181,747 | |||||||
* | Topy Industries, Ltd. | 89,400 | 1,128,495 | |||||||
# | Toyo Gosei Co., Ltd. | 31,100 | 3,927,709 | |||||||
Toyo Ink SC Holdings Co., Ltd. | 242,300 | 4,454,784 | ||||||||
# | Toyo Seikan Group Holdings, Ltd. | 61,300 | 729,650 | |||||||
Toyobo Co., Ltd. | 531,900 | 6,862,081 | ||||||||
TYK Corp. | 148,500 | 450,036 | ||||||||
UACJ Corp. | 211,841 | 5,121,625 | ||||||||
Ube Industries, Ltd. | 314,700 | 6,714,150 | ||||||||
Valqua, Ltd. | 105,599 | 2,039,002 | ||||||||
Vertex Corp. | 45,998 | 1,131,161 | ||||||||
# | Wavelock Holdings Co., Ltd. | 30,900 | 207,545 | |||||||
Wood One Co., Ltd. | 45,600 | 523,264 | ||||||||
Yamato Kogyo Co., Ltd. | 217,100 | 6,458,367 | ||||||||
Yodogawa Steel Works, Ltd. | 144,500 | 3,207,424 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
Yotai Refractories Co., Ltd. | 118,000 | $ | 1,096,991 | |||||||
Yushiro Chemical Industry Co., Ltd. | 67,000 | 697,531 | ||||||||
|
| |||||||||
TOTAL MATERIALS | 370,438,473 | |||||||||
|
| |||||||||
REAL ESTATE (1.6%) |
| |||||||||
AD Works Group Co., Ltd. | 194,879 | 290,847 | ||||||||
Airport Facilities Co., Ltd. | 138,870 | 737,345 | ||||||||
Anabuki Kosan, Inc. | 12,900 | 232,188 | ||||||||
# | Aoyama Zaisan Networks Co., Ltd. | 43,700 | 633,267 | |||||||
Apaman Co., Ltd. | 71,700 | 386,040 | ||||||||
Ardepro Co., Ltd. | 70,700 | 38,451 | ||||||||
Arealink Co., Ltd. | 29,600 | 310,586 | ||||||||
# | B-Lot Co., Ltd. | 40,000 | 254,066 | |||||||
Cosmos Initia Co., Ltd. | 94,400 | 381,213 | ||||||||
CRE, Inc. | 3,400 | 41,193 | ||||||||
Daibiru Corp. | 314,900 | 4,073,846 | ||||||||
Dear Life Co., Ltd. | 132,800 | 545,979 | ||||||||
Goldcrest Co., Ltd. | 103,270 | 1,585,720 | ||||||||
# | Good Com Asset Co., Ltd. | 22,800 | 292,320 | |||||||
Grandy House Corp. | 95,600 | 418,159 | ||||||||
Heiwa Real Estate Co., Ltd. | 229,400 | 7,176,965 | ||||||||
Ichigo, Inc. | 1,187,800 | 3,524,730 | ||||||||
* | Japan Asset Marketing Co., Ltd. | 1,296,000 | 1,370,390 | |||||||
Japan Corporate Housing Service, Inc. | 11,700 | 107,869 | ||||||||
# | Japan Property Management Center Co., Ltd. | 83,400 | 976,865 | |||||||
JSB Co., Ltd. | 7,400 | 220,760 | ||||||||
Katitas Co., Ltd. | 73,100 | 2,042,850 | ||||||||
Keihanshin Building Co., Ltd. | 216,700 | 2,918,194 | ||||||||
* | Miyakoshi Holdings, Inc. | 3,000 | 25,046 | |||||||
Mugen Estate Co., Ltd. | 64,200 | 300,422 | ||||||||
Nippon Commercial Development Co., Ltd. | 82,300 | 1,279,222 | ||||||||
# | Nisshin Group Holdings Co., Ltd. | 210,700 | 931,078 | |||||||
Prospect Co., Ltd. | 2,912,000 | 947,044 | ||||||||
# | Raysum Co., Ltd. | 97,800 | 798,519 | |||||||
SAMTY Co., Ltd. | 145,350 | 2,670,134 | ||||||||
Sankyo Frontier Co., Ltd. | 23,100 | 815,732 | ||||||||
Sansei Landic Co., Ltd. | 29,100 | 226,886 | ||||||||
Shinoken Group Co., Ltd. | 112,600 | 1,292,252 | ||||||||
Star Mica Holdings Co., Ltd. | 84,400 | 927,411 | ||||||||
Starts Corp., Inc. | 225,500 | 5,931,704 | ||||||||
Sun Frontier Fudousan Co., Ltd. | 204,700 | 1,794,318 | ||||||||
Takara Leben Co., Ltd. | 547,800 | 1,851,057 | ||||||||
TOC Co., Ltd. | 325,750 | 2,325,645 | ||||||||
Tokyo Rakutenchi Co., Ltd. | 19,000 | 828,743 | ||||||||
# | Tokyo Theatres Co., Inc. | 47,099 | 541,241 | |||||||
Tosei Corp. | 202,900 | 2,055,441 | ||||||||
Urbanet Corp. Co., Ltd. | 81,400 | 233,458 | ||||||||
Yoshicon Co., Ltd. | 3,100 | 29,521 | ||||||||
|
| |||||||||
TOTAL REAL ESTATE | 54,364,717 | |||||||||
|
| |||||||||
UTILITIES (1.5%) |
| |||||||||
# | EF-ON, Inc. | 88,520 | 882,407 | |||||||
# | eRex Co., Ltd. | 142,500 | 2,386,019 | |||||||
Hiroshima Gas Co., Ltd. | 322,200 | 1,211,613 | ||||||||
Hokkaido Electric Power Co., Inc. | 1,093,200 | 4,999,208 | ||||||||
# | Hokkaido Gas Co., Ltd. | 98,500 | 1,427,798 | |||||||
# | Hokuriku Electric Power Co. | 911,200 | 6,245,066 | |||||||
# | Hokuriku Gas Co., Ltd. | 10,100 | 288,345 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
UTILITIES (Continued) |
| |||||||||
K&O Energy Group, Inc. | 100,400 | $ | 1,332,929 | |||||||
Nippon Gas Co., Ltd. | 611,100 | 10,644,532 | ||||||||
# | Okinawa Electric Power Co., Inc. (The) | 303,716 | 4,261,094 | |||||||
# | Saibu Gas Co., Ltd. | 223,700 | 6,414,221 | |||||||
Shikoku Electric Power Co., Inc. | 460,200 | 3,582,704 | ||||||||
Shizuoka Gas Co., Ltd. | 339,500 | 3,056,639 | ||||||||
# | Toell Co., Ltd. | 57,500 | 485,754 | |||||||
West Holdings Corp. | 133,003 | 4,162,967 | ||||||||
|
| |||||||||
TOTAL UTILITIES | 51,381,296 | |||||||||
|
| |||||||||
TOTAL COMMON STOCKS | 3,127,720,247 | |||||||||
|
|
Value | ||||||||||
SECURITIES LENDING COLLATERAL (6.7%) |
| |||||||||
@§ | The DFA Short Term Investment Fund | 19,307,486 | 223,387,612 | |||||||
|
| |||||||||
TOTAL INVESTMENTS (100.0%) |
| |||||||||
(Cost $2,765,742,576)^^ | $ | 3,351,107,859 | ||||||||
|
|
Summary of the Series investments as of March 31, 2021, 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 | | $ | 90,185,845 | | $ | 90,185,845 | ||||||||||
Consumer Discretionary | | 470,408,248 | | 470,408,248 | ||||||||||||
Consumer Staples | | 236,817,516 | | 236,817,516 | ||||||||||||
Energy | | 33,950,541 | | 33,950,541 | ||||||||||||
Financials | | 284,097,537 | | 284,097,537 | ||||||||||||
Health Care | | 140,930,205 | | 140,930,205 | ||||||||||||
Industrials | | 965,823,240 | | 965,823,240 | ||||||||||||
Information Technology | | 429,322,629 | | 429,322,629 | ||||||||||||
Materials | | 370,438,473 | | 370,438,473 | ||||||||||||
Real Estate | | 54,364,717 | | 54,364,717 | ||||||||||||
Utilities | | 51,381,296 | | 51,381,296 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Lending Collateral | | 223,387,612 | | 223,387,612 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | | $ | 3,351,107,859 | | $ | 3,351,107,859 | ||||||||||
|
|
|
|
|
|
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS
March 31, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (98.7%) |
| |||||||||
AUSTRALIA (58.6%) |
| |||||||||
* | 3P Learning, Ltd. | 93,233 | $ | 91,296 | ||||||
# | 5G Networks, Ltd. | 35,296 | 31,503 | |||||||
* | A2B Australia, Ltd. | 267,268 | 244,661 | |||||||
Accent Group, Ltd. | 2,095,327 | 3,596,395 | ||||||||
# | Adairs, Ltd. | 643,521 | 1,867,377 | |||||||
Adbri, Ltd. | 2,564,728 | 6,792,300 | ||||||||
#* | Advance NanoTek, Ltd. | 4,230 | 13,185 | |||||||
* | Ainsworth Game Technology, Ltd. | 399,992 | 246,164 | |||||||
#* | Alkane Resources, Ltd. | 2,214,509 | 1,164,974 | |||||||
* | Alliance Aviation Services, Ltd. | 149,763 | 447,671 | |||||||
ALS, Ltd. | 1,933,329 | 14,294,949 | ||||||||
Altium, Ltd. | 165,829 | 3,351,574 | ||||||||
#* | Altura Mining, Ltd. | 1,171,741 | 23,362 | |||||||
Alumina, Ltd. | 5,128,836 | 6,814,777 | ||||||||
#* | AMA Group, Ltd. | 2,283,100 | 967,028 | |||||||
* | Amaysim Australia, Ltd. | 1,851,450 | 295,430 | |||||||
AMP, Ltd. | 1,092,335 | 1,053,167 | ||||||||
Ansell, Ltd. | 534,625 | 15,982,562 | ||||||||
APN Property Group, Ltd. | 59,773 | 24,306 | ||||||||
Appen, Ltd. | 144,558 | 1,749,119 | ||||||||
* | Arafura Resources, Ltd. | 1,591,642 | 199,994 | |||||||
ARB Corp., Ltd. | 533,754 | 14,032,185 | ||||||||
#* | Ardent Leisure Group, Ltd. | 2,770,378 | 1,959,349 | |||||||
Asaleo Care, Ltd. | 1,167,762 | 1,241,801 | ||||||||
AUB Group, Ltd. | 478,705 | 7,008,994 | ||||||||
# | Aurelia Metals, Ltd. | 5,287,455 | 1,491,358 | |||||||
Austal, Ltd. | 2,278,005 | 3,889,983 | ||||||||
* | Australian Agricultural Co., Ltd. | 3,439,805 | 3,137,100 | |||||||
# | Australian Ethical Investment, Ltd. | 22,322 | 120,501 | |||||||
Australian Finance Group, Ltd. | 1,604,223 | 3,218,226 | ||||||||
Australian Pharmaceutical Industries, Ltd. | 2,800,625 | 2,724,568 | ||||||||
#* | Australian Strategic Materials, Ltd. | 442,903 | 1,596,769 | |||||||
Australian Strategic Materials, Ltd. | 50,401 | 181,074 | ||||||||
Australian Vintage, Ltd. | 4,317,004 | 2,376,330 | ||||||||
Auswide Bank, Ltd. | 112,639 | 570,232 | ||||||||
# | Ava Risk Group, Ltd. | 27,751 | 9,520 | |||||||
# | AVJennings, Ltd. | 7,058,528 | 2,898,354 | |||||||
#* | AVZ Minerals, Ltd. | 1,847,793 | 275,199 | |||||||
* | Axsesstoday, Ltd. | 1,687 | 5 | |||||||
Baby Bunting Group, Ltd. | 429,435 | 1,818,959 | ||||||||
Bank of Queensland, Ltd. | 3,982,680 | 26,239,954 | ||||||||
* | Bannerman Resources, Ltd. | 189,736 | 17,361 | |||||||
Bapcor, Ltd. | 2,252,217 | 12,874,558 | ||||||||
Base Resources, Ltd. | 393,323 | 89,666 | ||||||||
Beach Energy, Ltd. | 7,499,201 | 9,805,889 | ||||||||
Bega Cheese, Ltd. | 2,143,926 | 10,350,531 | ||||||||
Bell Financial Group, Ltd. | 122,493 | 166,941 | ||||||||
Bendigo & Adelaide Bank, Ltd. | 2,114,458 | 16,194,679 | ||||||||
* | Berkeley Energia, Ltd. | 27,600 | 12,264 | |||||||
# | Bingo Industries, Ltd. | 1,091,685 | 2,516,379 | |||||||
# | Blackmores, Ltd. | 97,147 | 5,899,797 | |||||||
# | Bravura Solutions, Ltd. | 1,664,952 | 3,241,363 | |||||||
Breville Group, Ltd. | 821,653 | 16,914,132 | ||||||||
Brickworks, Ltd. | 512,139 | 8,133,744 | ||||||||
BWX, Ltd. | 587,374 | 2,065,341 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
* | Byron Energy, Ltd. | 89,192 | $ | 8,494 | ||||||
Capitol Health, Ltd. | 3,495,372 | 917,664 | ||||||||
# | Cardno, Ltd. | 1,127,842 | 524,348 | |||||||
#* | Carnarvon Petroleum, Ltd. | 3,381,086 | 669,528 | |||||||
Carsales.com, Ltd. | 1,191,399 | 16,201,977 | ||||||||
# | Cash Converters International, Ltd. | 2,766,362 | 483,295 | |||||||
#* | Catapult Group International, Ltd. | 401,552 | 579,195 | |||||||
CDS Technologies, Ltd. | 13,276 | 0 | ||||||||
Cedar Woods Properties, Ltd. | 422,690 | 2,169,725 | ||||||||
* | Central Petroleum, Ltd. | 299,384 | 31,876 | |||||||
Centrebet Litigation | 81,336 | 0 | ||||||||
Centrebet Litigation Claim | 81,336 | 0 | ||||||||
# | Challenger, Ltd. | 2,246,123 | 10,944,179 | |||||||
* | Champion Iron, Ltd. | 428,652 | 1,794,730 | |||||||
#* | City Chic Collective, Ltd. | 187,917 | 570,020 | |||||||
Class, Ltd. | 386,717 | 491,328 | ||||||||
* | Clean Seas Seafood, Ltd. | 87,730 | 44,740 | |||||||
* | Clean TeQ Holdings, Ltd. | 8,692 | 19,212 | |||||||
Cleanaway Waste Management, Ltd. | 7,046,328 | 11,830,248 | ||||||||
Clinuvel Pharmaceuticals, Ltd. | 108,279 | 2,232,133 | ||||||||
# | Clover Corp., Ltd. | 365,203 | 511,868 | |||||||
Codan, Ltd. | 670,501 | 7,885,262 | ||||||||
#* | Collection House, Ltd. | 2,084,920 | 356,310 | |||||||
Collins Foods, Ltd. | 745,683 | 5,922,708 | ||||||||
#* | Cooper Energy, Ltd. | 11,837,413 | 2,435,044 | |||||||
#* | Corporate Travel Management, Ltd. | 650,080 | 9,733,223 | |||||||
Costa Group Holdings, Ltd. | 2,640,354 | 9,530,593 | ||||||||
# | Credit Corp. Group, Ltd. | 495,925 | 12,397,026 | |||||||
CSR, Ltd. | 3,273,096 | 14,408,813 | ||||||||
#* | Dacian Gold, Ltd. | 687,075 | 172,548 | |||||||
Data#3, Ltd. | 962,073 | 3,811,577 | ||||||||
* | Decmil Group, Ltd. | 424,759 | 195,093 | |||||||
Deterra Royalties, Ltd. | 1,655,501 | 4,948,928 | ||||||||
# | Dicker Data, Ltd. | 231,853 | 1,796,103 | |||||||
* | Domain Holdings Australia, Ltd. | 1,576,647 | 5,054,252 | |||||||
Downer EDI, Ltd. | 2,782,821 | 10,890,623 | ||||||||
# | Eagers Automotive, Ltd. | 775,292 | 8,283,269 | |||||||
#* | Eclipx Group, Ltd. | 2,008,091 | 2,986,261 | |||||||
# | Elanor Investor Group | 87,848 | 100,236 | |||||||
Elders, Ltd. | 1,232,076 | 11,658,782 | ||||||||
#* | Electro Optic Systems Holdings, Ltd. | 497,236 | 1,975,956 | |||||||
#* | Emeco Holdings, Ltd. | 1,441,745 | 1,044,486 | |||||||
#* | EML Payments, Ltd. | 16,229 | 60,981 | |||||||
Enero Group, Ltd. | 10,609 | 26,391 | ||||||||
EQT Holdings, Ltd. | 99,023 | 1,808,315 | ||||||||
* | Estia Health, Ltd. | 1,663,088 | 2,723,285 | |||||||
Euroz, Ltd. | 116,329 | 137,400 | ||||||||
# | EVENT Hospitality and Entertainment, Ltd. | 546,035 | 4,774,671 | |||||||
* | FAR, Ltd. | 12,771,552 | 39,773 | |||||||
Finbar Group, Ltd. | 203,868 | 129,475 | ||||||||
Fleetwood, Ltd. | 347,465 | 682,593 | ||||||||
#* | Flight Centre Travel Group, Ltd. | 581,094 | 7,986,894 | |||||||
* | Fluence Corp., Ltd. | 116,395 | 18,546 | |||||||
#* | Freedom Foods Group, Ltd. | 362,595 | 129,402 | |||||||
# | G8 Education, Ltd. | 5,316,355 | 4,196,397 | |||||||
#* | Galaxy Resources, Ltd. | 3,083,972 | 5,964,609 | |||||||
#* | Genex Power, Ltd. | 298,371 | 48,857 | |||||||
Genex Power, Ltd. | 164,104 | 0 | ||||||||
Genex Power, Ltd. | 252,576 | 41,247 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Genworth Mortgage Insurance Australia, Ltd. | 1,475,090 | $ | 2,875,099 | |||||||
* | Geopacific Resources, Ltd. | 14,236 | 3,142 | |||||||
Geopacific Resources, Ltd. | 19,080 | 4,203 | ||||||||
Gold Road Resources, Ltd. | 3,183,092 | 2,668,229 | ||||||||
GR Engineering Services, Ltd. | 55,230 | 51,333 | ||||||||
GrainCorp, Ltd., Class A | 1,547,172 | 6,189,014 | ||||||||
Grange Resources, Ltd. | 524,857 | 191,673 | ||||||||
* | Greenland Minerals, Ltd. | 1,692,337 | 225,323 | |||||||
GTN, Ltd. | 15,394 | 5,132 | ||||||||
GUD Holdings, Ltd. | 860,592 | 7,668,802 | ||||||||
GWA Group, Ltd. | 1,782,472 | 3,879,657 | ||||||||
Hansen Technologies, Ltd. | 1,293,047 | 5,345,721 | ||||||||
Healius, Ltd. | 4,144,191 | 12,891,936 | ||||||||
# | Helloworld Travel, Ltd. | 51,370 | 84,270 | |||||||
* | Highfield Resources, Ltd. | 160,730 | 87,639 | |||||||
* | Horizon Oil, Ltd. | 714,889 | 45,156 | |||||||
* | Hot Chili, Ltd. | 971,208 | 29,673 | |||||||
HT&E, Ltd. | 1,686,962 | 2,231,633 | ||||||||
# | HUB24, Ltd. | 281,179 | 4,452,688 | |||||||
#* | Humm Group, Ltd. | 2,755,893 | 2,021,480 | |||||||
* | IDM International, Ltd. | 958 | 0 | |||||||
IDP Education, Ltd. | 13,647 | 248,319 | ||||||||
IGO, Ltd. | 3,925,542 | 18,824,535 | ||||||||
Iluka Resources, Ltd. | 1,655,501 | 9,118,523 | ||||||||
* | Image Resources NL | 332,933 | 48,219 | |||||||
Imdex, Ltd. | 2,381,029 | 2,946,293 | ||||||||
#* | ImpediMed, Ltd. | 417,437 | 39,700 | |||||||
* | Incitec Pivot, Ltd. | 4,974,729 | 11,007,106 | |||||||
Infomedia, Ltd. | 2,776,535 | 3,171,172 | ||||||||
# | Inghams Group, Ltd. | 2,191,759 | 5,566,210 | |||||||
* | Intega Group, Ltd. | 1,127,842 | 340,853 | |||||||
Integral Diagnostics, Ltd. | 311,931 | 1,126,696 | ||||||||
# | Integrated Research, Ltd. | 611,969 | 1,082,067 | |||||||
# | InvoCare, Ltd. | 1,056,358 | 9,018,874 | |||||||
* | ioneer, Ltd. | 361,132 | 93,609 | |||||||
IOOF Holdings, Ltd. | 3,815,495 | 10,223,313 | ||||||||
IPH, Ltd. | 1,243,670 | 6,279,130 | ||||||||
IRESS, Ltd. | 1,225,060 | 8,581,572 | ||||||||
IVE Group, Ltd. | 513,788 | 553,970 | ||||||||
Japara Healthcare, Ltd. | 1,594,623 | 898,149 | ||||||||
JB Hi-Fi, Ltd. | 91,817 | 3,623,784 | ||||||||
Johns Lyng Group, Ltd. | 414,722 | 1,216,045 | ||||||||
Jumbo Interactive, Ltd. | 208,843 | 2,018,513 | ||||||||
Jupiter Mines, Ltd. | 4,784,049 | 1,144,740 | ||||||||
#* | Karoon Energy, Ltd. | 3,390,788 | 2,792,055 | |||||||
#* | Kingsgate Consolidated, Ltd. | 1,132,755 | 735,957 | |||||||
Kogan.com, Ltd. | 292,389 | 2,678,353 | ||||||||
Lednium Technology Pty, Ltd. | 195,019 | 0 | ||||||||
Lifestyle Communities, Ltd. | 132,875 | 1,391,958 | ||||||||
Link Administration Holdings, Ltd. | 1,812,772 | 7,098,696 | ||||||||
#* | Livetiles, Ltd. | 344,818 | 56,604 | |||||||
# | Lovisa Holdings, Ltd. | 152,650 | 1,669,862 | |||||||
* | Lynas Rare Earths, Ltd. | 5,868,035 | 27,639,412 | |||||||
MACA, Ltd. | 1,622,774 | 1,265,357 | ||||||||
Macmahon Holdings, Ltd. | 5,344,671 | 813,874 | ||||||||
* | Macquarie Telecom Group, Ltd. | 1,458 | 52,619 | |||||||
* | Mayne Pharma Group, Ltd. | 9,518,774 | 2,538,253 | |||||||
McMillan Shakespeare, Ltd. | 490,350 | 4,075,994 | ||||||||
# | McPhersons, Ltd. | 653,702 | 713,954 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Medusa Mining, Ltd. | 475,938 | $ | 282,176 | |||||||
#* | Mesoblast, Ltd. | 1,561,474 | 2,585,823 | |||||||
#* | Metals X, Ltd. | 3,565,919 | 569,531 | |||||||
Metcash, Ltd. | 7,963,936 | 22,348,119 | ||||||||
# | Michael Hill International, Ltd. | 1,490,263 | 717,967 | |||||||
* | Millennium Minerals, Ltd. | 1,065,474 | 0 | |||||||
Mineral Resources, Ltd. | 853,620 | 24,779,397 | ||||||||
* | MMA Offshore, Ltd. | 1,249,410 | 309,265 | |||||||
# | MNF Group, Ltd. | 196,094 | 773,018 | |||||||
# | Moelis Australia, Ltd. | 76,325 | 293,869 | |||||||
Monadelphous Group, Ltd. | 566,488 | 4,505,800 | ||||||||
Monash IVF Group, Ltd. | 1,738,681 | 1,045,308 | ||||||||
# | Money3 Corp., Ltd. | 926,438 | 2,052,180 | |||||||
* | Morning Star Gold NL | 332,749 | 0 | |||||||
# | Mortgage Choice, Ltd. | 792,577 | 1,157,592 | |||||||
Motorcycle Holdings, Ltd. | 19,615 | 36,830 | ||||||||
Mount Gibson Iron, Ltd. | 3,756,776 | 2,176,331 | ||||||||
#* | Myanmar Metals, Ltd. | 494,858 | 26,311 | |||||||
#* | Myer Holdings, Ltd. | 3,707,181 | 905,344 | |||||||
MyState, Ltd. | 549,554 | 1,825,417 | ||||||||
* | Nanosonics, Ltd. | 158,101 | 687,416 | |||||||
Navigator Global Investments, Ltd. | 864,297 | 972,578 | ||||||||
* | nearmap, Ltd. | 1,938,623 | 2,992,956 | |||||||
#* | Neometals, Ltd. | 626,513 | 176,686 | |||||||
Netwealth Group, Ltd. | 406,590 | 4,182,853 | ||||||||
# | New Energy Solar, Ltd. | 201,504 | 119,476 | |||||||
# | New Hope Corp., Ltd. | 2,234,532 | 2,417,771 | |||||||
* | NEXTDC, Ltd. | 1,024,875 | 8,162,762 | |||||||
nib holdings, Ltd. | 3,098,293 | 12,349,231 | ||||||||
Nick Scali, Ltd. | 400,543 | 3,039,670 | ||||||||
Nickel Mines, Ltd. | 602,916 | 563,234 | ||||||||
Nine Entertainment Co. Holdings, Ltd. | 9,297,395 | 19,647,943 | ||||||||
Northern Star Resources, Ltd. | 451,498 | 3,270,526 | ||||||||
NRW Holdings, Ltd. | 2,939,598 | 4,420,374 | ||||||||
* | Nufarm, Ltd. | 1,868,539 | 7,560,394 | |||||||
Objective Corp., Ltd. | 6,233 | 60,452 | ||||||||
OFX Group, Ltd. | 1,813,799 | 1,518,306 | ||||||||
* | Oklo Resources, Ltd. | 202,639 | 22,308 | |||||||
# | OM Holdings, Ltd. | 342,290 | 174,335 | |||||||
Omni Bridgeway, Ltd. | 2,382,146 | 6,381,302 | ||||||||
#* | oOh!media, Ltd. | 3,082,993 | 4,102,807 | |||||||
* | Ora Banda Mining, Ltd. | 674,394 | 125,788 | |||||||
* | Orocobre, Ltd. | 166,529 | 605,439 | |||||||
Orora, Ltd. | 6,339,374 | 14,680,354 | ||||||||
Over the Wire Holdings, Ltd. | 16,080 | 52,352 | ||||||||
OZ Minerals, Ltd. | 2,162,237 | 37,714,628 | ||||||||
Pacific Current Group, Ltd. | 259,417 | 1,069,079 | ||||||||
# | Pacific Smiles Group, Ltd. | 272,678 | 518,975 | |||||||
Pact Group Holdings, Ltd. | 1,422,949 | 3,811,917 | ||||||||
#* | Paladin Energy, Ltd. | 1,591,886 | 449,816 | |||||||
* | Panoramic Resources, Ltd. | 10,316,364 | 1,064,422 | |||||||
#* | Pantoro, Ltd. | 1,023,926 | 147,679 | |||||||
#* | Peak Resources, Ltd. | 224,220 | 14,860 | |||||||
Peet, Ltd. | 928,220 | 810,525 | ||||||||
Pendal Group, Ltd. | 1,950,282 | 9,652,076 | ||||||||
People Infrastructure, Ltd. | 40,407 | 114,849 | ||||||||
Perenti Global, Ltd. | 4,835,224 | 3,749,447 | ||||||||
# | Perpetual, Ltd. | 405,248 | 10,202,303 | |||||||
#* | Perseus Mining, Ltd. | 9,066,296 | 7,411,668 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Platinum Asset Management, Ltd. | 2,013,396 | $ | 7,669,803 | |||||||
* | Poseidon Nickel, Ltd. | 643,832 | 27,976 | |||||||
PPK Group, Ltd. | 17,813 | 72,421 | ||||||||
#* | Praemium, Ltd. | 1,152,591 | 557,757 | |||||||
Premier Investments, Ltd. | 622,552 | 12,351,659 | ||||||||
# | Pro Medicus, Ltd. | 300,101 | 9,460,220 | |||||||
Probiotec, Ltd. | 7,178 | 11,739 | ||||||||
Propel Funeral Partners, Ltd. | 58,013 | 135,923 | ||||||||
PSC Insurance Group, Ltd. | 91,885 | 229,369 | ||||||||
PWR Holdings, Ltd. | 208,570 | 909,213 | ||||||||
QANTM Intellectual Property, Ltd. | 15,371 | 11,988 | ||||||||
Qube Holdings, Ltd. | 669,320 | 1,527,980 | ||||||||
* | Quickstep Holdings, Ltd. | 134,452 | 6,346 | |||||||
Ramelius Resources, Ltd. | 4,758,357 | 5,357,340 | ||||||||
* | ReadyTech Holdings, Ltd. | 8,492 | 11,954 | |||||||
# | Reckon, Ltd. | 391,834 | 234,213 | |||||||
#* | Red 5, Ltd. | 6,878,068 | 812,045 | |||||||
* | Redbubble, Ltd. | 126,785 | 485,345 | |||||||
Redcape Hotel Group | 111,772 | 84,079 | ||||||||
# | Regis Healthcare, Ltd. | 863,552 | 1,355,002 | |||||||
# | Regis Resources, Ltd. | 3,283,753 | 7,266,284 | |||||||
#* | Reject Shop, Ltd. (The) | 109,654 | 525,684 | |||||||
Reliance Worldwide Corp., Ltd. | 4,342,033 | 14,869,653 | ||||||||
# | Resimac Group, Ltd. | 12,006 | 19,749 | |||||||
#* | Resolute Mining, Ltd. | 8,007,059 | 2,688,078 | |||||||
* | Retail Food Group, Ltd. | 3,048,355 | 169,557 | |||||||
# | Rhipe, Ltd. | 298,914 | 355,145 | |||||||
Ridley Corp., Ltd. | 1,862,695 | 1,702,775 | ||||||||
* | RPMGlobal Holdings, Ltd. | 220,542 | 230,968 | |||||||
* | Salmat, Ltd. | 667,137 | 0 | |||||||
Sandfire Resources, Ltd. | 1,249,475 | 5,094,519 | ||||||||
SeaLink Travel Group, Ltd. | 369,244 | 2,573,221 | ||||||||
Select Harvests, Ltd. | 880,705 | 4,189,622 | ||||||||
# | Senex Energy, Ltd. | 1,196,550 | 2,643,713 | |||||||
# | Servcorp, Ltd. | 342,954 | 861,168 | |||||||
# | Service Stream, Ltd. | 2,572,185 | 2,089,325 | |||||||
#* | Seven West Media, Ltd. | 2,765,037 | 991,778 | |||||||
SG Fleet Group, Ltd. | 393,656 | 771,424 | ||||||||
Shaver Shop Group, Ltd. | 399,193 | 341,985 | ||||||||
* | Sigma Healthcare, Ltd. | 6,192,917 | 3,200,067 | |||||||
* | Silver Lake Resources, Ltd. | 6,142,732 | 7,008,217 | |||||||
* | Silver Mines, Ltd. | 345,904 | 55,449 | |||||||
Sims, Ltd. | 1,162,937 | 13,191,541 | ||||||||
SmartGroup Corp., Ltd. | 674,100 | 3,254,795 | ||||||||
* | SomnoMed, Ltd. | 25,160 | 38,278 | |||||||
Southern Cross Electrical Engineering, Ltd. | 75,077 | 28,748 | ||||||||
* | Southern Cross Media Group, Ltd. | 1,320,693 | 2,088,559 | |||||||
Spark Infrastructure Group | 11,933,662 | 19,721,643 | ||||||||
#* | SpeedCast International Ltd. | 1,497,915 | 0 | |||||||
* | Spirit Technology Solutions, Ltd. | 64,859 | 18,285 | |||||||
# | SRG Global, Ltd. | 330,321 | 114,328 | |||||||
St Barbara, Ltd. | 5,328,067 | 7,985,542 | ||||||||
* | Star Entertainment Grp, Ltd. (The) | 3,693,648 | 10,690,310 | |||||||
Steadfast Group, Ltd. | 5,683,479 | 16,512,402 | ||||||||
#* | Strike Energy, Ltd. | 2,573,361 | 616,245 | |||||||
Sunland Group, Ltd. | 1,211,896 | 2,164,036 | ||||||||
Super Retail Group, Ltd. | 1,139,326 | 10,235,953 | ||||||||
#* | Superloop, Ltd. | 762,929 | 534,671 | |||||||
#* | Syrah Resources, Ltd. | 2,676,718 | 2,141,970 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
# | Tassal Group, Ltd. | 1,531,815 | $ | 3,891,591 | ||||||
Technology One, Ltd. | 1,748,272 | 12,463,619 | ||||||||
#* | Temple & Webster Group, Ltd. | 138,534 | 962,068 | |||||||
* | Tiger Resources, Ltd. | 9,447,997 | 1,435 | |||||||
Tribune Resources, Ltd. | 14,725 | 59,660 | ||||||||
United Malt Grp, Ltd. | 1,771,214 | 5,486,469 | ||||||||
Virgin Australia Holdings, Ltd. | 7,648,897 | 0 | ||||||||
Virtus Health, Ltd. | 553,707 | 2,553,597 | ||||||||
Vita Group, Ltd. | 503,915 | 333,934 | ||||||||
Viva Energy Group, Ltd. | 3,832,748 | 4,912,630 | ||||||||
#* | Vmoto, Ltd. | 267,457 | 90,863 | |||||||
* | Vocus Group, Ltd. | 4,091,642 | 17,003,398 | |||||||
#* | Wagners Holding Co., Ltd. | 122,838 | 178,291 | |||||||
#* | Webjet, Ltd. | 2,056,935 | 8,771,395 | |||||||
Western Areas, Ltd. | 2,254,139 | 3,525,087 | ||||||||
#* | Westgold Resources, Ltd. | 2,414,524 | 3,670,299 | |||||||
* | Whitehaven Coal, Ltd. | 4,887,743 | 6,586,910 | |||||||
* | WPP AUNZ, Ltd. | 1,788,160 | 885,971 | |||||||
|
| |||||||||
TOTAL AUSTRALIA | 1,119,436,643 | |||||||||
|
| |||||||||
CHINA (0.2%) |
| |||||||||
#* | FIH Mobile, Ltd. | 26,034,000 | 3,689,892 | |||||||
TK Group Holdings, Ltd. | 1,482,000 | 570,576 | ||||||||
|
| |||||||||
TOTAL CHINA | 4,260,468 | |||||||||
|
| |||||||||
HONG KONG (22.1%) |
| |||||||||
* | Aceso Life Science Group, Ltd. | 18,044,400 | 529,100 | |||||||
Aeon Credit Service Asia Co., Ltd. | 986,000 | 693,504 | ||||||||
Allied Group, Ltd. | 13,040,000 | 5,378,951 | ||||||||
APAC Resources, Ltd. | 3,766,513 | 574,232 | ||||||||
#* | Apollo Future Mobility Group, Ltd. | 8,436,000 | 542,925 | |||||||
#* | Applied Development Holdings, Ltd. | 13,430,000 | 229,786 | |||||||
* | Arts Optical International Hldgs, Ltd. | 614,000 | 59,467 | |||||||
Asia Financial Holdings, Ltd. | 2,404,908 | 1,236,928 | ||||||||
* | Asia Standard Hotel Group, Ltd. | 4,961,654 | 146,303 | |||||||
* | Asia Standard International Group, Ltd. | 13,222,917 | 1,858,743 | |||||||
Asiasec Properties, Ltd. | 1,737,000 | 263,654 | ||||||||
ASM Pacific Technology, Ltd. | 911,000 | 11,658,702 | ||||||||
Associated International Hotels, Ltd. | 952,000 | 1,779,509 | ||||||||
Automated Systems Holdings, Ltd. | 340,400 | 77,381 | ||||||||
Bel Global Resources Holdings, Ltd. | 2,576,000 | 0 | ||||||||
Best Mart 360 Holdings, Ltd. | 882,000 | 216,077 | ||||||||
BOC Aviation, Ltd. | 292,000 | 2,841,741 | ||||||||
BOCOM International Holdings Co., Ltd. | 943,000 | 193,192 | ||||||||
BOE Varitronix, Ltd. | 3,807,293 | 1,668,860 | ||||||||
Bright Smart Securities & Commodities Group, Ltd. | 1,644,000 | 451,143 | ||||||||
Brightoil Petroleum Holdings, Ltd. | 9,034,000 | 326,889 | ||||||||
Build King Holdings, Ltd. | 440,000 | 61,902 | ||||||||
* | Burwill Holdings, Ltd. | 37,300,960 | 63,815 | |||||||
# | Cafe de Coral Holdings, Ltd. | 3,090,000 | 6,716,180 | |||||||
* | Cathay Pacific Airways, Ltd. | 189,000 | 176,847 | |||||||
Century City International Holdings, Ltd. | 7,111,460 | 384,461 | ||||||||
# | CGN Mining Co., Ltd. | 5,570,000 | 374,762 | |||||||
Chen Hsong Holdings | 1,296,000 | 404,137 | ||||||||
Cheuk Nang Holdings, Ltd. | 771,714 | 283,534 | ||||||||
Chevalier International Holdings, Ltd. | 820,989 | 1,040,076 | ||||||||
* | China Baoli Technologies Holdings, Ltd. | 1,147,500 | 2,613 | |||||||
* | China Best Group Holding, Ltd. | 849,999 | 40,053 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
* | China Display Optoelectronics Technology Holdings, Ltd. | 6,384,000 | $ | 407,185 | ||||||
* | China Energy Development Holdings, Ltd. | 59,474,000 | 771,905 | |||||||
China Motor Bus Co., Ltd. | 71,600 | 922,581 | ||||||||
* | China Solar Energy Holdings, Ltd. | 1,669,500 | 7,248 | |||||||
#* | China Star Entertainment, Ltd. | 11,170,000 | 2,046,516 | |||||||
* | China Strategic Holdings, Ltd. | 80,821,250 | 1,444,139 | |||||||
* | China Tonghai International Financial, Ltd. | 1,300,000 | 41,513 | |||||||
Chinese Estates Holdings, Ltd. | 3,108,500 | 1,621,029 | ||||||||
Chinney Investments, Ltd. | 1,180,000 | 249,262 | ||||||||
Chong Hing Bank, Ltd. | 244,000 | 309,597 | ||||||||
Chow Sang Sang Holdings International, Ltd. | 2,417,000 | 3,741,373 | ||||||||
Chuangs China Investments, Ltd. | 8,811,407 | 501,162 | ||||||||
Chuangs Consortium International, Ltd. | 7,519,043 | 1,027,860 | ||||||||
CITIC Telecom International Holdings, Ltd. | 13,794,125 | 4,886,434 | ||||||||
# | CK Life Sciences Intl Holdings, Inc. | 18,634,000 | 1,973,319 | |||||||
# | CMBC Capital Holdings, Ltd. | 17,640,000 | 240,007 | |||||||
CNQC International Holdings, Ltd. | 4,052,500 | 406,673 | ||||||||
CNT Group, Ltd. | 7,979,264 | 387,208 | ||||||||
# | Convenience Retail Asia, Ltd. | 1,026,000 | 96,449 | |||||||
#* | Convoy Global Holdings, Ltd. | 38,622,000 | 155,499 | |||||||
Crystal International Group, Ltd. | 38,000 | 19,588 | ||||||||
# | CSI Properties, Ltd. | 47,866,383 | 1,540,743 | |||||||
Dah Sing Banking Group, Ltd. | 3,977,516 | 4,501,715 | ||||||||
Dah Sing Financial Holdings, Ltd. | 1,509,744 | 4,981,469 | ||||||||
Dickson Concepts International, Ltd. | 1,620,500 | 863,386 | ||||||||
#* | Digital Domain Holdings, Ltd. | 2,310,000 | 26,462 | |||||||
* | Dingyi Group Investment, Ltd. | 300,000 | 3,394 | |||||||
Dynamic Holdings, Ltd. | 96,000 | 165,384 | ||||||||
Eagle Nice International Holdings, Ltd. | 2,194,000 | 1,334,885 | ||||||||
EcoGreen International Group, Ltd. | 1,994,640 | 417,282 | ||||||||
* | Emperor Capital Group, Ltd. | 31,611,000 | 590,997 | |||||||
Emperor Entertainment Hotel, Ltd. | 4,840,000 | 661,447 | ||||||||
Emperor International Holdings, Ltd. | 10,584,753 | 1,511,524 | ||||||||
* | Emperor Watch & Jewellery, Ltd. | 34,460,000 | 625,990 | |||||||
* | Energy International Investments Holdings, Ltd. | 1,960,000 | 19,049 | |||||||
* | ENM Holdings, Ltd. | 16,260,000 | 1,217,324 | |||||||
* | Esprit Holdings, Ltd. | 11,506,550 | 1,143,127 | |||||||
* | Eternity Investment, Ltd. | 820,000 | 27,488 | |||||||
Ezcom Holdings, Ltd. | 72,576 | 0 | ||||||||
# | Fairwood Holdings, Ltd. | 826,100 | 1,811,557 | |||||||
Far East Consortium International, Ltd. | 12,296,827 | 4,655,812 | ||||||||
First Pacific Co., Ltd. | 15,728,000 | 5,200,012 | ||||||||
* | First Shanghai Investments, Ltd. | 5,568,000 | 252,130 | |||||||
Fosun Tourism Group | 25,200 | 35,492 | ||||||||
Fountain SET Holdings, Ltd. | 6,594,000 | 899,695 | ||||||||
Four Seas Mercantile Holdings, Ltd. | 610,000 | 203,691 | ||||||||
* | Freeman Fintech Corp, Ltd. | 13,680,000 | 29,739 | |||||||
FSE Services Group, Ltd. | 91,000 | 55,551 | ||||||||
GDH Guangnan Holdings., Ltd. | 2,083,600 | 177,146 | ||||||||
* | Genting Hong Kong, Ltd. | 2,702,000 | 212,314 | |||||||
Get Nice Financial Group, Ltd. | 2,438,600 | 308,411 | ||||||||
Giordano International, Ltd. | 8,494,000 | 1,701,568 | ||||||||
Glorious Sun Enterprises, Ltd. | 3,932,000 | 420,769 | ||||||||
* | Gold Peak Industries Holdings, Ltd. | 3,029,642 | 265,423 | |||||||
Golden Resources Development International, Ltd. | 4,082,500 | 330,774 | ||||||||
* | Good Resources Holdings, Ltd. | 6,860,000 | 56,298 | |||||||
* | Goodbaby International Holdings, Ltd. | 6,163,000 | 1,137,740 | |||||||
Great Eagle Holdings, Ltd. | 1,068,349 | 3,711,873 | ||||||||
#* | Greater Bay Area Investments Group Holdings, Ltd. | 18,640,000 | 23,977 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
* | Greentech Technology International, Ltd. | 8,860,000 | $ | 118,333 | ||||||
* | G-Resources Group, Ltd. | 191,781,600 | 1,189,800 | |||||||
Guoco Group, Ltd. | 2,000 | 24,583 | ||||||||
Guotai Junan International Holdings, Ltd. | 31,755,797 | 5,864,347 | ||||||||
Haitong International Securities Group, Ltd. | 21,115,400 | 6,751,816 | ||||||||
Hang Lung Group, Ltd. | 2,564,000 | 6,499,484 | ||||||||
Hanison Construction Holdings, Ltd. | 2,713,649 | 433,748 | ||||||||
* | Hans Energy Co., Ltd. | 352,000 | 15,448 | |||||||
# | Harbour Centre Development, Ltd. | 935,500 | 944,509 | |||||||
HKBN, Ltd. | 3,773,500 | 5,496,383 | ||||||||
HKR International, Ltd. | 7,149,369 | 2,969,633 | ||||||||
Hon Kwok Land Investment Co., Ltd. | 388,800 | 147,965 | ||||||||
Hong Kong Ferry Holdings Co., Ltd. | 1,007,300 | 779,981 | ||||||||
Hongkong & Shanghai Hotels, Ltd. (The) | 3,648,489 | 3,633,992 | ||||||||
Hongkong Chinese, Ltd. | 5,038,000 | 441,216 | ||||||||
Honma Golf, Ltd. | 1,060,000 | 767,388 | ||||||||
Hsin Chong Group Holdings, Ltd. | 10,243,403 | 86,437 | ||||||||
Hung Hing Printing Group, Ltd. | 3,040,000 | 532,399 | ||||||||
Hutchison Telecommunications Hong Kong Holdings, Ltd. | 13,164,000 | 2,510,273 | ||||||||
* | Hypebeast, Ltd. | 2,320,000 | 263,623 | |||||||
Hysan Development Co., Ltd. | 2,192,000 | 8,577,642 | ||||||||
#* | I-CABLE Communications, Ltd. | 4,080,000 | 34,222 | |||||||
IGG, Inc. | 9,421,000 | 12,179,534 | ||||||||
* | Imagi International Holdings, Ltd. | 2,220,984 | 388,094 | |||||||
International Housewares Retail Co., Ltd. | 2,042,000 | 694,165 | ||||||||
IPE Group, Ltd. | 3,345,000 | 305,106 | ||||||||
* | IRC, Ltd. | 37,862,266 | 940,189 | |||||||
* | IT, Ltd. | 5,060,532 | 1,874,126 | |||||||
# | ITC Properties Group, Ltd. | 6,505,292 | 964,267 | |||||||
Jacobson Pharma Corp., Ltd. | 3,616,000 | 447,067 | ||||||||
* | JBM Healthcare, Ltd. | 452,000 | 77,910 | |||||||
Johnson Electric Holdings, Ltd. | 2,863,992 | 7,724,420 | ||||||||
K Wah International Holdings, Ltd. | 1,588,000 | 824,996 | ||||||||
* | Kader Holdings Co., Ltd. | 378,000 | 19,285 | |||||||
Kam Hing International Holdings, Ltd. | 1,270,000 | 63,611 | ||||||||
Karrie International Holdings, Ltd. | 2,440,000 | 471,669 | ||||||||
Keck Seng Investments Hong Kong, Ltd. | 912,600 | 362,421 | ||||||||
Kerry Logistics Network, Ltd. | 4,063,500 | 12,183,204 | ||||||||
Kerry Properties, Ltd. | 1,944,000 | 6,286,969 | ||||||||
Kingmaker Footwear Holdings, Ltd. | 1,878,955 | 217,953 | ||||||||
Kowloon Development Co., Ltd. | 3,133,000 | 3,448,631 | ||||||||
* | Kwoon Chung Bus Holdings, Ltd. | 44,000 | 13,225 | |||||||
* | Lai Sun Development Co., Ltd. | 1,976,896 | 1,632,101 | |||||||
* | Lai Sun Garment International, Ltd. | 665,530 | 503,389 | |||||||
Lam Soon Hong Kong, Ltd. | 325,310 | 662,142 | ||||||||
* | Landing International Development, Ltd. | 6,932,800 | 277,423 | |||||||
Landsea Green Properties Co., Ltd. | 3,016,000 | 192,095 | ||||||||
Langham Hospitality Investments and Langham Hospitality Investments, Ltd. | 3,960,750 | 607,761 | ||||||||
* | Lifestyle International Holdings, Ltd. | 3,713,000 | 3,243,774 | |||||||
Lippo China Resources, Ltd. | 17,982,000 | 342,875 | ||||||||
Lippo, Ltd. | 1,161,700 | 330,403 | ||||||||
Liu Chong Hing Investment, Ltd. | 1,531,200 | 1,453,138 | ||||||||
LOccitane International SA | 2,278,500 | 6,378,782 | ||||||||
Luk Fook Holdings International, Ltd. | 3,704,000 | 10,216,403 | ||||||||
Lung Kee Bermuda Holdings | 1,521,875 | 606,823 | ||||||||
Magnificent Hotel Investment, Ltd. | 13,170,000 | 189,787 | ||||||||
Man Wah Holdings, Ltd. | 7,668,400 | 15,949,323 | ||||||||
* | Mason Group Holdings, Ltd. | 111,713,399 | 581,595 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
Matrix Holdings, Ltd. | 1,067,414 | $ | 274,839 | |||||||
MECOM Power and Construction, Ltd. | 1,716,000 | 1,025,717 | ||||||||
Melbourne Enterprises, Ltd. | 39,500 | 799,660 | ||||||||
Melco International Development, Ltd. | 2,383,000 | 4,864,433 | ||||||||
MGM China Holdings, Ltd. | 150,800 | 268,139 | ||||||||
#* | MH Development, Ltd. | 3,238,000 | 90,591 | |||||||
* | Midland Holdings, Ltd. | 3,239,987 | 400,240 | |||||||
Ming Fai International Holdings, Ltd. | 1,728,000 | 155,610 | ||||||||
Miramar Hotel & Investment | 1,144,000 | 2,144,833 | ||||||||
Modern Dental Group, Ltd. | 2,865,000 | 740,665 | ||||||||
NagaCorp., Ltd. | 674,000 | 799,066 | ||||||||
# | Nameson Holdings, Ltd. | 7,744,000 | 459,777 | |||||||
Nanyang Holdings, Ltd. | 133,500 | 696,507 | ||||||||
National Electronics Hldgs | 2,668,600 | 362,153 | ||||||||
* | National United Resources Holdings, Ltd. | 18,280,000 | 62,547 | |||||||
* | Neo-Neon Holdings, Ltd. | 2,315,500 | 143,514 | |||||||
#* | NewOcean Energy Holdings, Ltd. | 7,246,000 | 576,411 | |||||||
# | Nissin Foods Co., Ltd. | 904,000 | 689,714 | |||||||
NWS Holdings, Ltd. | 5,148,000 | 5,457,529 | ||||||||
Oriental Watch Holdings | 2,669,120 | 902,200 | ||||||||
#* | Oshidori International Holdings, Ltd. | 20,024,400 | 1,657,185 | |||||||
Pacific Andes International Holdings, Ltd. | 19,435,067 | 68,499 | ||||||||
Pacific Basin Shipping, Ltd. | 33,421,000 | 9,051,210 | ||||||||
* | Pacific Century Premium Developments, Ltd. | 354,240 | 34,771 | |||||||
Pacific Textiles Holdings, Ltd. | 8,088,000 | 5,184,732 | ||||||||
Pak Fah Yeow International, Ltd. | 5,000 | 1,176 | ||||||||
Paliburg Holdings, Ltd. | 3,180,830 | 844,267 | ||||||||
* | Paradise Entertainment, Ltd. | 3,672,000 | 482,010 | |||||||
* | PC Partner Group, Ltd. | 1,932,000 | 973,018 | |||||||
# | PCCW, Ltd. | 10,624,545 | 6,000,015 | |||||||
# | Peace Mark Holdings, Ltd. | 2,479,870 | 0 | |||||||
* | Pegasus International Holdings, Ltd. | 100,000 | 10,612 | |||||||
# | Pentamaster International, Ltd. | 736,000 | 168,914 | |||||||
Perfect Shape Medical, Ltd. | 3,452,000 | 1,976,320 | ||||||||
Pico Far East Holdings, Ltd. | 5,214,000 | 829,760 | ||||||||
* | Planetree International Development, Ltd. | 76,000 | 8,086 | |||||||
Playmates Holdings, Ltd. | 7,082,000 | 794,073 | ||||||||
Plover Bay Technologies, Ltd. | 2,032,000 | 361,505 | ||||||||
Pokfulam Development Co., Ltd. | 130,000 | 199,033 | ||||||||
Polytec Asset Holdings, Ltd. | 21,978,136 | 4,105,132 | ||||||||
* | PT International Development Co., Ltd. | 8,345,150 | 402,866 | |||||||
Public Financial Holdings, Ltd. | 2,880,000 | 809,033 | ||||||||
* | PYI Corp., Ltd. | 4,005,194 | 197,146 | |||||||
PYXIS Group, Ltd. | 1,936,000 | 0 | ||||||||
Regal Hotels International Holdings, Ltd. | 2,953,800 | 1,170,754 | ||||||||
Regina Miracle International Holdings, Ltd. | 1,983,000 | 590,863 | ||||||||
* | Renco Holdings Group, Ltd. | 103,000 | 2,694 | |||||||
#* | Sa Sa International Holdings, Ltd. | 5,060,961 | 1,163,973 | |||||||
Safety Godown Co., Ltd. | 1,200,000 | 527,236 | ||||||||
* | Samsonite International SA | 5,346,000 | 10,396,602 | |||||||
SAS Dragon Holdings, Ltd. | 2,182,000 | 801,103 | ||||||||
SEA Holdings, Ltd. | 1,711,523 | 1,708,055 | ||||||||
#* | Shangri-La Asia, Ltd. | 2,748,000 | 2,748,995 | |||||||
# | Shenwan Hongyuan HK, Ltd. | 3,701,250 | 490,951 | |||||||
Shun Ho Property Investments, Ltd. | 1,254,757 | 209,608 | ||||||||
Shun Tak Holdings, Ltd. | 11,755,419 | 3,608,288 | ||||||||
* | Sincere Watch Hong Kong, Ltd. | 4,450,000 | 39,623 | |||||||
Sing Pao Media Enterprises | 250,511 | 0 | ||||||||
* | Sing Tao News Corp., Ltd. | 1,974,000 | 229,388 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (Continued) |
| |||||||||
# | Singamas Container Holdings, Ltd. | 9,506,000 | $ | 734,316 | ||||||
SITC International Holdings Co., Ltd. | 6,142,000 | 20,903,104 | ||||||||
SmarTone Telecommunications Holdings, Ltd. | 2,175,481 | 1,271,051 | ||||||||
* | Solomon Systech International, Ltd. | 10,960,000 | 636,385 | |||||||
Soundwill Holdings, Ltd. | 600,500 | 651,110 | ||||||||
* | South China Holdings Co., Ltd. | 17,774,502 | 266,349 | |||||||
Stella International Holdings, Ltd. | 2,620,000 | 3,313,876 | ||||||||
* | Success Universe Group, Ltd. | 1,392,000 | 25,251 | |||||||
#* | Summit Ascent Holdings, Ltd. | 7,556,000 | 838,986 | |||||||
Sun Hung Kai & Co., Ltd. | 5,271,429 | 2,686,812 | ||||||||
SUNeVision Holdings, Ltd. | 2,464,000 | 2,552,927 | ||||||||
TAI Cheung Holdings, Ltd. | 2,345,000 | 1,498,966 | ||||||||
Tai Sang Land Development, Ltd. | 798,910 | 438,623 | ||||||||
# | Tan Chong International, Ltd. | 1,176,000 | 310,003 | |||||||
# | Tao Heung Holdings, Ltd. | 1,396,000 | 171,411 | |||||||
Television Broadcasts, Ltd. | 2,131,700 | 2,222,907 | ||||||||
* | Termbray Industries International Holdings, Ltd. | 1,314,900 | 52,179 | |||||||
Texwinca Holdings, Ltd. | 4,950,000 | 1,136,683 | ||||||||
* | Theme International Holdings, Ltd. | 5,990,000 | 349,706 | |||||||
Tian Teck Land, Ltd. | 1,024,000 | 693,238 | ||||||||
* | TOM Group, Ltd. | 532,000 | 29,184 | |||||||
#* | Town Health International Medical Group, Ltd. | 4,980,115 | 243,429 | |||||||
Tradelink Electronic Commerce, Ltd. | 6,206,000 | 919,773 | ||||||||
Transport International Holdings, Ltd. | 1,590,602 | 3,173,629 | ||||||||
Union Medical Healthcare, Ltd. | 1,377,097 | 1,203,744 | ||||||||
United Laboratories International Holdings, Ltd. (The) | 6,644,000 | 4,921,034 | ||||||||
* | Universal Technologies Holdings, Ltd. | 1,730,000 | 56,980 | |||||||
Untrade CW Group Holdings | 1,361,500 | 7,583 | ||||||||
Untrade Gold Fin Holdings | 9,580,000 | 0 | ||||||||
Untrade Master Glory GP | 972,981 | 6,108 | ||||||||
* | Up Energy Development Group, Ltd. | 3,929,000 | 12,231 | |||||||
Value Partners Group, Ltd. | 5,237,000 | 3,577,330 | ||||||||
Vanke Overseas Investment Holding Co., Ltd. | 16,000 | 5,541 | ||||||||
Vedan International Holdings, Ltd. | 3,576,000 | 368,452 | ||||||||
Vitasoy International Holdings, Ltd. | 2,549,000 | 9,811,494 | ||||||||
# | VPower Group International Holdings, Ltd. | 1,815,000 | 421,166 | |||||||
VSTECS Holdings, Ltd. | 6,665,600 | 6,079,548 | ||||||||
VTech Holdings, Ltd. | 1,438,200 | 12,956,282 | ||||||||
Wai Kee Holdings, Ltd. | 7,038,738 | 3,831,141 | ||||||||
Wang On Group, Ltd. | 41,740,000 | 354,920 | ||||||||
* | Wealthking Investments, Ltd. | 8,104,000 | 908,911 | |||||||
Wing On Co. International, Ltd. | 759,000 | 1,677,935 | ||||||||
Wing Tai Properties, Ltd. | 2,187,331 | 1,210,614 | ||||||||
* | YGM Trading, Ltd. | 274,000 | 79,918 | |||||||
YT Realty Group, Ltd. | 3,088,124 | 676,938 | ||||||||
YTO Express Holdings, Ltd. | 424,000 | 303,076 | ||||||||
Yue Yuen Industrial Holdings, Ltd. | 2,152,500 | 5,383,001 | ||||||||
#* | Yunfeng Financial Group, Ltd. | 612,000 | 232,395 | |||||||
# | Zensun Enterprises, Ltd. | 2,770,000 | 169,357 | |||||||
* | Zhaobangji Properties Holdings, Ltd. | 856,000 | 82,620 | |||||||
|
| |||||||||
TOTAL HONG KONG | 421,611,388 | |||||||||
|
| |||||||||
NEW ZEALAND (6.6%) |
| |||||||||
#* | AFT Pharmaceuticals, Ltd. | 3,642 | 12,604 | |||||||
* | Air New Zealand, Ltd. | 275,554 | 329,561 | |||||||
# | Arvida Group, Ltd. | 824,120 | 950,040 | |||||||
Briscoe Group, Ltd. | 23,531 | 91,512 | ||||||||
Chorus, Ltd. | 3,018,063 | 14,929,824 | ||||||||
Colonial Motor Co., Ltd. (The) | 144,588 | 899,097 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
NEW ZEALAND (Continued) |
| |||||||||
#* | Comvita, Ltd. | 44,950 | $ | 98,607 | ||||||
Delegat Group, Ltd. | 2,191 | 21,930 | ||||||||
#* | Eroad, Ltd. | 24,092 | 74,922 | |||||||
Fletcher Building, Ltd. | 459,102 | 2,274,724 | ||||||||
Freightways, Ltd. | 984,862 | 7,780,653 | ||||||||
# | Genesis Energy, Ltd. | 1,887,239 | 4,604,118 | |||||||
#* | Gentrack Group, Ltd. | 71,302 | 75,723 | |||||||
# | Hallenstein Glasson Holdings, Ltd. | 326,057 | 1,704,789 | |||||||
Heartland Group Holdings, Ltd. | 2,062,108 | 2,521,559 | ||||||||
Infratil, Ltd. | 3,887,656 | 19,378,001 | ||||||||
# | Investore Property, Ltd. | 551,549 | 794,068 | |||||||
* | Kathmandu Holdings, Ltd. | 2,598,560 | 2,417,675 | |||||||
Mainfreight, Ltd. | 284,087 | 13,783,834 | ||||||||
* | Millennium & Copthorne Hotels New Zealand, Ltd. | 386,829 | 621,074 | |||||||
Napier Port Holdings, Ltd. | 4,374 | 10,364 | ||||||||
#* | NEW Zealand King Salmon Investments, Ltd. | 63,420 | 66,685 | |||||||
#* | New Zealand Refining Co., Ltd. (The) | 965,490 | 316,917 | |||||||
* | NZME, Ltd. | 945,851 | 540,190 | |||||||
# | NZX, Ltd. | 1,472,663 | 2,162,924 | |||||||
Oceania Healthcare, Ltd. | 731,257 | 654,120 | ||||||||
#* | Pacific Edge, Ltd. | 690,799 | 487,921 | |||||||
PGG Wrightson, Ltd. | 120,785 | 290,391 | ||||||||
* | Plexure Group, Ltd. | 27,580 | 16,585 | |||||||
Port of Tauranga, Ltd. | 80,685 | 434,961 | ||||||||
#* | Pushpay Holdings, Ltd. | 2,872,279 | 4,180,606 | |||||||
* | Rakon, Ltd. | 10,547 | 6,928 | |||||||
* | Restaurant Brands New Zealand, Ltd. | 171,783 | 1,596,653 | |||||||
Richina Pacific, Ltd. | 274,180 | 0 | ||||||||
# | Sanford, Ltd. | 394,135 | 1,291,576 | |||||||
Scales Corp., Ltd. | 462,215 | 1,499,986 | ||||||||
* | Scott Technology, Ltd. | 47,518 | 66,706 | |||||||
* | Serko, Ltd. | 77,482 | 378,850 | |||||||
Skellerup Holdings, Ltd. | 806,301 | 2,401,883 | ||||||||
* | SKY Network Television, Ltd. | 2,934,721 | 356,665 | |||||||
SKYCITY Entertainment Group, Ltd. | 5,101,527 | 12,416,485 | ||||||||
Steel & Tube Holdings, Ltd. | 575,667 | 406,675 | ||||||||
Summerset Group Holdings, Ltd. | 1,386,567 | 11,774,678 | ||||||||
* | Synlait Milk, Ltd. | 449,820 | 1,071,506 | |||||||
#* | Tourism Holdings, Ltd. | 712,961 | 1,246,950 | |||||||
* | TOWER, Ltd. | 2,517,777 | 1,441,801 | |||||||
# | Trustpower, Ltd. | 252,846 | 1,454,026 | |||||||
# | Turners Automotive Group, Ltd. | 66,610 | 159,246 | |||||||
Vector, Ltd. | 120,602 | 341,335 | ||||||||
* | Vista Group International, Ltd. | 458,004 | 705,552 | |||||||
Warehouse Group, Ltd. (The) | 360,516 | 951,653 | ||||||||
* | Z Energy, Ltd. | 1,809,064 | 3,579,748 | |||||||
|
| |||||||||
TOTAL NEW ZEALAND | 125,674,881 | |||||||||
|
| |||||||||
SINGAPORE (11.2%) |
| |||||||||
* | Abterra, Ltd. | 230,320 | 1,250 | |||||||
Accordia Golf Trust | 5,267,200 | 83,401 | ||||||||
AEM Holdings, Ltd. | 798,900 | 2,467,541 | ||||||||
# | Amara Holdings, Ltd. | 974,800 | 291,576 | |||||||
Ascendas India Trust | 5,731,200 | 6,314,541 | ||||||||
# | Avarga, Ltd. | 2,722,000 | 638,624 | |||||||
#* | Banyan Tree Holdings, Ltd. | 783,400 | 195,325 | |||||||
# | Best World International, Ltd. | 2,911,550 | 547,160 | |||||||
* | Bonvests Holdings, Ltd. | 950,000 | 677,868 | |||||||
Boustead Singapore, Ltd. | 2,320,982 | 1,745,076 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SINGAPORE (Continued) |
| |||||||||
Bukit Sembawang Estates, Ltd. | 1,236,103 | $ | 4,434,665 | |||||||
Bund Center Investment, Ltd. | 659,825 | 260,203 | ||||||||
# | Centurion Corp., Ltd. | 1,405,100 | 360,629 | |||||||
China Aviation Oil Singapore Corp., Ltd. | 2,708,399 | 2,278,726 | ||||||||
China Sunsine Chemical Holdings, Ltd. | 3,917,000 | 1,530,938 | ||||||||
Chip Eng Seng Corp., Ltd. | 3,894,900 | 1,419,658 | ||||||||
Chuan Hup Holdings, Ltd. | 3,937,600 | 643,604 | ||||||||
Civmec, Ltd. | 162,700 | 67,835 | ||||||||
ComfortDelGro Corp., Ltd. | 10,328,200 | 13,163,226 | ||||||||
#* | COSCO Shipping International Singapore Co., Ltd. | 7,065,000 | 1,474,743 | |||||||
#* | Creative Technology, Ltd. | 321,100 | 607,798 | |||||||
CSE Global, Ltd. | 2,713,000 | 1,049,829 | ||||||||
# | Del Monte Pacific, Ltd. | 2,230,164 | 439,158 | |||||||
Delfi, Ltd. | 979,700 | 584,578 | ||||||||
DMX Technologies Group, Ltd. | 2,096,000 | 0 | ||||||||
#* | Ezion Holdings, Ltd. | 9,845,878 | 59,286 | |||||||
#* | Ezra Holdings, Ltd. | 8,161,986 | 12,499 | |||||||
# | Far East Orchard, Ltd. | 1,249,303 | 1,040,021 | |||||||
# | First Resources, Ltd. | 5,615,400 | 5,810,703 | |||||||
# | First Sponsor Group, Ltd. | 484,728 | 504,027 | |||||||
# | Food Empire Holdings, Ltd. | 1,473,700 | 1,030,579 | |||||||
#* | Fragrance Group, Ltd. | 6,077,000 | 522,097 | |||||||
Fraser and Neave, Ltd. | 241,400 | 260,490 | ||||||||
Frasers Property, Ltd. | 93,500 | 83,499 | ||||||||
Frencken Group, Ltd. | 2,124,300 | 2,425,309 | ||||||||
# | Fu Yu Corp., Ltd. | 3,824,600 | 852,858 | |||||||
* | Gallant Venture, Ltd. | 5,262,600 | 540,301 | |||||||
* | Geo Energy Resources, Ltd. | 3,837,000 | 485,415 | |||||||
# | GK Goh Holdings, Ltd. | 1,484,065 | 1,070,935 | |||||||
Golden Agri-Resources, Ltd. | 38,086,600 | 5,966,108 | ||||||||
* | Golden Energy & Resources, Ltd. | 603,700 | 65,660 | |||||||
* | GP Industries, Ltd. | 1,376,409 | 577,168 | |||||||
# | GuocoLand, Ltd. | 1,932,314 | 2,416,145 | |||||||
#* | Halcyon Agri Corp., Ltd. | 1,635,533 | 340,368 | |||||||
# | Hanwell Holdings, Ltd. | 1,765,919 | 537,664 | |||||||
# | Haw Par Corp., Ltd. | 385,000 | 3,767,180 | |||||||
# | Hiap Hoe, Ltd. | 498,000 | 248,050 | |||||||
Ho Bee Land, Ltd. | 1,656,200 | 3,129,895 | ||||||||
Hong Fok Corp., Ltd. | 3,566,294 | 2,349,247 | ||||||||
Hong Fok Land, Ltd. | 1,210,000 | 0 | ||||||||
Hong Leong Asia, Ltd. | 2,025,000 | 1,156,445 | ||||||||
Hong Leong Finance, Ltd. | 1,002,000 | 1,841,241 | ||||||||
Hotel Grand Central, Ltd. | 1,660,083 | 1,333,742 | ||||||||
Hour Glass, Ltd. (The) | 1,879,432 | 1,321,269 | ||||||||
HRnetgroup, Ltd. | 130,100 | 64,893 | ||||||||
Hutchison Port Holdings Trust | 25,256,400 | 5,698,450 | ||||||||
Hwa Hong Corp., Ltd. | 2,123,500 | 465,350 | ||||||||
#* | Hyflux, Ltd. | 3,707,700 | 458,088 | |||||||
iFAST Corp., Ltd. | 956,000 | 4,379,886 | ||||||||
* | Indofood Agri Resources, Ltd. | 3,097,300 | 713,804 | |||||||
# | ISDN Holdings, Ltd. | 374,200 | 168,719 | |||||||
Japfa, Ltd. | 3,244,210 | 2,209,613 | ||||||||
# | Jurong Technologies Industrial Corp., Ltd. | 2,227,680 | 0 | |||||||
# | k1 Ventures, Ltd. | 1,005,220 | 0 | |||||||
Keppel Infrastructure Trust | 19,465,946 | 7,963,659 | ||||||||
Koufu Group, Ltd. | 172,700 | 87,357 | ||||||||
KSH Holdings, Ltd. | 1,278,300 | 332,561 | ||||||||
#* | Lian Beng Group, Ltd. | 2,957,600 | 1,110,740 | |||||||
# | Low Keng Huat Singapore, Ltd. | 949,800 | 293,267 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SINGAPORE (Continued) |
| |||||||||
#* | Mandarin Oriental International, Ltd. | 1,497,700 | $ | 2,669,291 | ||||||
Metro Holdings, Ltd. | 3,069,792 | 1,735,320 | ||||||||
Mewah International, Inc. | 89,000 | 26,102 | ||||||||
# | Micro-Mechanics Holdings, Ltd. | 84,500 | 200,638 | |||||||
#* | Midas Holdings, Ltd. | 8,576,553 | 229,524 | |||||||
#* | mm2 Asia, Ltd. | 3,521,000 | 155,048 | |||||||
NetLink NBN Trust | 4,453,100 | 3,130,620 | ||||||||
# | NSL, Ltd. | 409,900 | 271,157 | |||||||
#* | Oceanus Group, Ltd. | 8,888,300 | 256,004 | |||||||
OUE, Ltd. | 2,207,800 | 2,053,264 | ||||||||
# | Oxley Holdings, Ltd. | 8,016,663 | 1,494,566 | |||||||
Pan-United Corp., Ltd. | 2,435,750 | 554,041 | ||||||||
# | Q&M Dental Group Singapore, Ltd. | 2,102,100 | 1,001,448 | |||||||
# | QAF, Ltd. | 1,665,280 | 1,213,202 | |||||||
#* | Raffles Education Corp., Ltd. | 3,856,223 | 415,309 | |||||||
Raffles Medical Group, Ltd. | 7,832,632 | 6,528,125 | ||||||||
Riverstone Holdings, Ltd. | 2,862,600 | 2,622,731 | ||||||||
# | Roxy-Pacific Holdings, Ltd. | 505,740 | 131,613 | |||||||
#* | SATS, Ltd. | 1,492,200 | 4,833,086 | |||||||
# | SBS Transit, Ltd. | 855,500 | 1,999,062 | |||||||
Sembcorp Industries, Ltd. | 7,106,600 | 9,741,082 | ||||||||
#* | Sembcorp Marine, Ltd. | 44,540,812 | 5,647,664 | |||||||
# | Sheng Siong Group, Ltd. | 5,499,100 | 6,299,540 | |||||||
SHS Holdings, Ltd. | 2,175,300 | 261,686 | ||||||||
# | SIA Engineering Co., Ltd. | 2,031,100 | 3,284,049 | |||||||
# | SIIC Environment Holdings, Ltd. | 5,890,920 | 898,628 | |||||||
Sinarmas Land, Ltd. | 7,118,701 | 1,220,864 | ||||||||
Sing Holdings, Ltd. | 1,579,500 | 487,954 | ||||||||
Sing Investments & Finance, Ltd. | 350,675 | 364,966 | ||||||||
Singapore Post, Ltd. | 12,106,600 | 6,311,695 | ||||||||
# | Singapore Press Holdings, Ltd. | 7,633,400 | 8,699,835 | |||||||
Singapore Reinsurance Corp., Ltd. | 1,514,530 | 394,297 | ||||||||
Singapore Shipping Corp., Ltd. | 1,640,700 | 324,089 | ||||||||
# | Stamford Land Corp., Ltd. | 3,297,700 | 969,544 | |||||||
StarHub, Ltd. | 5,997,300 | 5,715,571 | ||||||||
Straco Corp., Ltd. | 130,000 | 56,078 | ||||||||
Straits Trading Co., Ltd. | 54,500 | 114,843 | ||||||||
Sunningdale Tech, Ltd. | 1,295,460 | 1,588,990 | ||||||||
#* | Swiber Holdings, Ltd. | 2,895,250 | 43,907 | |||||||
# | Tuan Sing Holdings, Ltd. | 5,503,116 | 1,476,404 | |||||||
# | UMS Holdings, Ltd. | 2,839,175 | 2,816,760 | |||||||
# | United Industrial Corp., Ltd. | 141,069 | 274,876 | |||||||
United Overseas Insurance, Ltd. | 181,850 | 980,439 | ||||||||
UOB-Kay Hian Holdings, Ltd. | 2,318,060 | 2,831,150 | ||||||||
# | Valuetronics Holdings, Ltd. | 3,079,850 | 1,387,924 | |||||||
Vicom, Ltd. | 568,400 | 921,962 | ||||||||
# | Wee Hur Holdings, Ltd. | 2,769,000 | 430,512 | |||||||
Wing Tai Holdings, Ltd. | 4,165,367 | 5,947,891 | ||||||||
# | Yangzijiang Shipbuilding Holdings, Ltd. | 8,286,100 | 7,905,865 | |||||||
# | Yeo Hiap Seng, Ltd. | 223,731 | 148,415 | |||||||
|
| |||||||||
TOTAL SINGAPORE | 214,040,171 | |||||||||
|
| |||||||||
TOTAL COMMON STOCKS | 1,885,023,551 | |||||||||
|
| |||||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||||
AUSTRALIA (0.0%) |
| |||||||||
* | Australian Strategic Materials, Ltd. Warrant 04/16/21 | 31,635 | 0 | |||||||
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HONG KONG (0.0%) |
| |||||||||
* | Esprit Holdings, Ltd. Warrant 04/14/21 | 5,753,275 | $ | 25,902 | ||||||
|
| |||||||||
SINGAPORE (0.0%) |
| |||||||||
#* | Ezion Holdings, Ltd. Warrants 04/16/23 | 5,659,201 | 0 | |||||||
* | First Sponsor Group, Ltd. Warrants 03/21/29 | 121,181 | 29,728 | |||||||
* | mm2 Asia, Ltd. Warrant 04/08/21 | 3,521,000 | 15,705 | |||||||
|
| |||||||||
TOTAL SINGAPORE | 45,433 | |||||||||
|
| |||||||||
TOTAL RIGHTS/WARRANTS | 71,335 | |||||||||
|
| |||||||||
TOTAL INVESTMENT SECURITIES | 1,885,094,886 | |||||||||
|
| |||||||||
Value | ||||||||||
SECURITIES LENDING COLLATERAL (1.3%) |
| |||||||||
@§ | The DFA Short Term Investment Fund | 2,088,032 | 24,158,534 | |||||||
|
| |||||||||
TOTAL INVESTMENTS (100.0%) |
| $ | 1,909,253,420 | |||||||
|
|
Summary of the Series investments as of March 31, 2021, 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 | $ | 597,843 | $ | 1,118,838,800 | | $ | 1,119,436,643 | |||||||||
China | | 4,260,468 | | 4,260,468 | ||||||||||||
Hong Kong | 345,316 | 421,266,072 | | 421,611,388 | ||||||||||||
New Zealand | | 125,674,881 | | 125,674,881 | ||||||||||||
Singapore | | 214,040,171 | | 214,040,171 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Hong Kong | | 25,902 | | 25,902 | ||||||||||||
Singapore | | 45,433 | | 45,433 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Lending Collateral | | 24,158,534 | | 24,158,534 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 943,159 | $ | 1,908,310,261 | | $ | 1,909,253,420 | |||||||||
|
|
|
|
|
|
|
|
THE UNITED KINGDOM SMALL COMPANY SERIES
SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS
March 31, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (98.4%) |
| |||||||||
COMMUNICATION SERVICES (2.6%) |
| |||||||||
* | 4imprint Group P.L.C. | 151,995 | $ | 5,131,404 | ||||||
* | Ascential P.L.C. | 566,257 | 2,628,836 | |||||||
Bloomsbury Publishing P.L.C. | 262,372 | 1,032,815 | ||||||||
#* | Centaur Media P.L.C. | 254,249 | 138,418 | |||||||
#* | Cineworld Group P.L.C. | 3,566,962 | 4,741,687 | |||||||
Daily Mail & General Trust P.L.C., Class A | 1,013,252 | 12,654,746 | ||||||||
Euromoney Institutional Investor P.L.C. | 678,928 | 8,924,271 | ||||||||
* | Frontier Developments P.L.C. | 25,825 | 969,452 | |||||||
Future P.L.C. | 133,861 | 3,534,159 | ||||||||
Gamma Communications P.L.C. | 72,623 | 1,641,592 | ||||||||
#* | Hyve Group P.L.C. | 1,300,796 | 2,149,102 | |||||||
* | Kin & Carta P.L.C. | 615,086 | 1,504,541 | |||||||
* | Next Fifteen Communications Group P.L.C. | 21,318 | 199,167 | |||||||
* | Reach P.L.C. | 2,111,014 | 6,282,095 | |||||||
* | STV Group P.L.C. | 4,918 | 23,596 | |||||||
|
| |||||||||
TOTAL COMMUNICATION SERVICES | 51,555,881 | |||||||||
|
| |||||||||
CONSUMER DISCRETIONARY (19.8%) |
| |||||||||
888 Holdings P.L.C. | 1,923,050 | 10,463,631 | ||||||||
* | AO World P.L.C. | 149,170 | 606,385 | |||||||
Bellway P.L.C. | 502,596 | 23,573,111 | ||||||||
* | Card Factory P.L.C. | 837,076 | 826,009 | |||||||
* | Coats Group P.L.C. | 2,324,447 | 1,823,519 | |||||||
* | Countryside Properties P.L.C. | 2,813,575 | 19,672,144 | |||||||
* | Crest Nicholson Holdings P.L.C. | 1,771,568 | 9,945,437 | |||||||
# | Debenhams P.L.C. | 6,862,458 | 0 | |||||||
#* | DFS Furniture P.L.C. | 1,199,370 | 4,506,430 | |||||||
#* | Dignity P.L.C. | 201,819 | 1,830,865 | |||||||
* | Dixons Carphone P.L.C. | 4,761,380 | 9,382,618 | |||||||
Dominos Pizza Group P.L.C. | 3,370,017 | 16,121,714 | ||||||||
Dunelm Group P.L.C. | 629,959 | 11,283,463 | ||||||||
* | Frasers Group P.L.C. | 1,412,209 | 8,966,799 | |||||||
* | Fuller Smith & Turner P.L.C., Class A | 145,156 | 1,721,128 | |||||||
Games Workshop Group P.L.C. | 194,756 | 26,757,268 | ||||||||
Gamesys Group P.L.C. | 420,215 | 11,189,691 | ||||||||
* | Greggs P.L.C. | 617,131 | 19,101,996 | |||||||
* | Gym Group P.L.C. (The) | 819,655 | 2,659,589 | |||||||
* | Halfords Group P.L.C. | 1,274,323 | 6,673,969 | |||||||
* | Headlam Group P.L.C. | 483,420 | 3,015,808 | |||||||
Henry Boot P.L.C. | 520,199 | 1,900,229 | ||||||||
* | Hollywood Bowl Group P.L.C. | 244,388 | 775,415 | |||||||
* | Hostelworld Group P.L.C. | 154,128 | 165,666 | |||||||
* | Inchcape P.L.C. | 2,472,981 | 25,657,194 | |||||||
* | J D Wetherspoon P.L.C. | 502,787 | 9,410,502 | |||||||
* | Joules Group P.L.C. | 3,586 | 10,487 | |||||||
* | Lookers P.L.C. | 1,317,719 | 962,612 | |||||||
* | Marks & Spencer Group P.L.C. | 6,447,927 | 13,402,506 | |||||||
* | Marstons P.L.C. | 4,154,820 | 5,632,979 | |||||||
* | Mitchells & Butlers P.L.C. | 2,031,189 | 9,023,778 | |||||||
MJ Gleeson P.L.C. | 228,782 | 2,650,559 | ||||||||
Moneysupermarket.com Group P.L.C. | 3,293,217 | 12,107,592 | ||||||||
* | Motorpoint group P.L.C. | 48,046 | 172,406 | |||||||
#* | N Brown Group P.L.C. | 992,550 | 897,756 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||||
* | On the Beach Group P.L.C. | 754,984 | $ | 4,232,318 | ||||||
* | Pendragon P.L.C. | 3,844,114 | 884,952 | |||||||
Pets at Home Group P.L.C. | 3,218,903 | 18,354,480 | ||||||||
* | Photo-Me International P.L.C. | 1,345,982 | 1,054,938 | |||||||
* | Playtech P.L.C. | 2,005,632 | 12,220,361 | |||||||
#* | PPHE Hotel Group, Ltd. | 12,871 | 266,796 | |||||||
* | Rank Group P.L.C. | 956,436 | 2,476,899 | |||||||
Redrow P.L.C. | 1,433,942 | 12,414,863 | ||||||||
#* | Restaurant Group P.L.C. (The) | 569,302 | 961,480 | |||||||
* | Sportech P.L.C. | 408,363 | 151,152 | |||||||
* | SSP Group P.L.C. | 2,708,721 | 13,897,948 | |||||||
* | Studio Retail Group P.L.C. | 211,086 | 770,335 | |||||||
#* | Superdry P.L.C. | 286,415 | 1,002,933 | |||||||
#* | Ted Baker P.L.C. | 100,022 | 155,250 | |||||||
* | TEN Entertainment Group P.L.C. | 5,930 | 18,798 | |||||||
# | Thomas Cook Group P.L.C. | 6,366,734 | 0 | |||||||
TI Fluid Systems P.L.C. | 114,543 | 425,835 | ||||||||
* | Topps Tiles P.L.C. | 773,408 | 737,113 | |||||||
TUI AG | 185,770 | 938,559 | ||||||||
* | Vertu Motors P.L.C. | 812,199 | 453,710 | |||||||
Vistry Group P.L.C. | 952,828 | 14,308,372 | ||||||||
* | Vitec Group P.L.C. (The) | 208,551 | 3,291,278 | |||||||
Vivo Energy P.L.C. | 276,363 | 369,819 | ||||||||
* | Watches of Switzerland Group P.L.C. | 45,254 | 411,912 | |||||||
* | WH Smith P.L.C. | 637,672 | 15,799,058 | |||||||
* | William Hill P.L.C. | 4,503,782 | 16,887,373 | |||||||
* | Young & Cos Brewery P.L.C., Class A | 839 | 16,820 | |||||||
|
| |||||||||
TOTAL CONSUMER DISCRETIONARY | 395,394,607 | |||||||||
|
| |||||||||
CONSUMER STAPLES (6.2%) |
| |||||||||
* | A.G. Barr P.L.C. | 725,645 | 4,895,895 | |||||||
Anglo-Eastern Plantations P.L.C. | 118,624 | 995,650 | ||||||||
* | Bakkavor Group P.L.C. | 102,612 | 166,458 | |||||||
Britvic P.L.C. | 1,585,438 | 18,253,552 | ||||||||
* | C&C Group P.L.C. | 544,330 | 2,103,877 | |||||||
Carrs Group P.L.C. | 349,511 | 645,250 | ||||||||
Cranswick P.L.C. | 379,875 | 19,019,456 | ||||||||
Devro P.L.C. | 1,090,025 | 2,899,680 | ||||||||
Fevertree Drinks P.L.C. | 610,255 | 17,980,676 | ||||||||
#* | Greencore Group P.L.C. | 3,440,003 | 7,433,917 | |||||||
Hilton Food Group P.L.C. | 275,615 | 4,060,639 | ||||||||
McBride P.L.C. | 853,865 | 983,900 | ||||||||
* | Naked Wines P.L.C. | 221,368 | 2,290,063 | |||||||
Nichols P.L.C. | 2,884 | 51,581 | ||||||||
* | Premier Foods P.L.C. | 4,304,508 | 5,644,745 | |||||||
PZ Cussons P.L.C. | 1,705,648 | 6,266,195 | ||||||||
Stock Spirits Group P.L.C. | 1,171,278 | 4,510,074 | ||||||||
Tate & Lyle P.L.C. | 2,442,033 | 25,762,884 | ||||||||
|
| |||||||||
TOTAL CONSUMER STAPLES | 123,964,492 | |||||||||
|
| |||||||||
ENERGY (2.0%) |
| |||||||||
# | Afren P.L.C. | 5,446,344 | 0 | |||||||
Cairn Energy P.L.C. | 3,196,867 | 7,503,467 | ||||||||
Diversified Gas & Oil P.L.C. | 770,970 | 1,179,859 | ||||||||
* | EnQuest P.L.C. | 9,216,228 | 2,250,865 | |||||||
# | Genel Energy P.L.C. | 785,321 | 1,883,715 | |||||||
* | Gulf Keystone Petroleum, Ltd. | 1,319,637 | 3,249,112 | |||||||
Hunting P.L.C. | 907,515 | 3,207,218 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ENERGY (Continued) |
| |||||||||
#* | Hurricane Energy P.L.C. | 1,417,074 | $ | 60,571 | ||||||
* | John Wood Group P.L.C. | 3,598,973 | 13,417,912 | |||||||
* | Lamprell P.L.C. | 1,263,369 | 1,017,096 | |||||||
#* | Petrofac, Ltd. | 838,017 | 1,104,597 | |||||||
* | Pharos Energy P.L.C. | 866,829 | 273,000 | |||||||
#* | Premier Oil P.L.C. | 5,196,268 | 1,603,508 | |||||||
#* | Rockhopper Exploration P.L.C. | 217,956 | 33,059 | |||||||
Serica Energy P.L.C. | 76,162 | 118,207 | ||||||||
#* | Tullow Oil P.L.C. | 4,881,892 | 3,172,805 | |||||||
|
| |||||||||
TOTAL ENERGY | 40,074,991 | |||||||||
|
| |||||||||
FINANCIALS (14.1%) |
| |||||||||
AJ Bell P.L.C. | 20,938 | 121,011 | ||||||||
* | Allied Minds P.L.C. | 148,232 | 45,933 | |||||||
* | Arrow Global Group P.L.C. | 940,076 | 3,950,371 | |||||||
# | Ashmore Group P.L.C. | 2,148,411 | 11,586,620 | |||||||
* | Bank of Georgia Group P.L.C. | 261,039 | 3,958,451 | |||||||
* | Beazley P.L.C. | 2,964,842 | 14,370,606 | |||||||
Brewin Dolphin Holdings P.L.C. | 2,110,552 | 9,031,162 | ||||||||
Brooks Macdonald Group P.L.C. | 628 | 18,671 | ||||||||
* | Burford Capital, Ltd. | 702,282 | 6,081,227 | |||||||
Charles Stanley Group P.L.C. | 124,654 | 520,539 | ||||||||
Chesnara P.L.C. | 842,577 | 3,311,705 | ||||||||
City of London Investment Group P.L.C. | 5,500 | 39,287 | ||||||||
Close Brothers Group P.L.C. | 965,466 | 20,634,869 | ||||||||
CMC Markets P.L.C. | 727,392 | 4,836,544 | ||||||||
* | Georgia Capital P.L.C. | 47,516 | 378,906 | |||||||
* | Hiscox, Ltd. | 1,222,491 | 14,477,025 | |||||||
IG Group Holdings P.L.C. | 2,392,373 | 29,707,237 | ||||||||
Impax Asset Management Group P.L.C. | 8,787 | 94,000 | ||||||||
IntegraFin Holdings P.L.C. | 53,777 | 375,820 | ||||||||
* | International Personal Finance P.L.C. | 795,785 | 1,150,714 | |||||||
Investec P.L.C. | 879,947 | 2,659,964 | ||||||||
* | IP Group P.L.C. | 4,041,081 | 6,916,485 | |||||||
JTC P.L.C. | 6,063 | 51,618 | ||||||||
Jupiter Fund Management P.L.C. | 2,905,722 | 11,158,557 | ||||||||
* | Just Group P.L.C. | 6,494,276 | 9,038,264 | |||||||
Lancashire Holdings, Ltd. | 1,430,682 | 12,687,421 | ||||||||
Liontrust Asset Management P.L.C. | 22,620 | 442,972 | ||||||||
Man Group P.L.C. | 9,633,505 | 21,377,864 | ||||||||
Numis Corp. P.L.C. | 262,221 | 1,363,008 | ||||||||
* | OSB Group P.L.C. | 684,217 | 4,019,125 | |||||||
Paragon Banking Group P.L.C. | 1,954,677 | 12,331,538 | ||||||||
Plus500, Ltd. | 533,955 | 10,307,188 | ||||||||
Polar Capital Holdings P.L.C. | 83,297 | 798,970 | ||||||||
* | Provident Financial P.L.C. | 1,003,022 | 3,000,702 | |||||||
Quilter P.L.C. | 10,292,590 | 22,669,923 | ||||||||
Rathbone Brothers P.L.C. | 323,270 | 7,842,615 | ||||||||
River & Mercantile Group P.L.C. | 10,512 | 31,277 | ||||||||
S&U P.L.C. | 24,162 | 748,940 | ||||||||
Sabre Insurance Group P.L.C. | 88,381 | 307,980 | ||||||||
* | Saga P.L.C. | 432,293 | 2,024,252 | |||||||
Sanne Group P.L.C. | 20,968 | 189,214 | ||||||||
* | TBC Bank Group P.L.C. | 23,192 | 314,695 | |||||||
TP ICAP Group P.L.C. | 4,442,995 | 14,914,751 | ||||||||
#* | Virgin Money UK P.L.C. | 4,146,169 | 10,807,404 | |||||||
Waterloo Investment Holdings, Ltd | 4,000 | 0 | ||||||||
|
| |||||||||
TOTAL FINANCIALS | 280,695,425 | |||||||||
|
|
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HEALTH CARE (3.1%) |
| |||||||||
Advanced Medical Solutions Group P.L.C | 141,508 | $ | 455,731 | |||||||
Alliance Pharma P.L.C. | 1,594,283 | 2,065,539 | ||||||||
CareTech Holdings P.L.C. | 260,873 | 1,934,375 | ||||||||
#* | Circassia Group P.L.C. | 202,629 | 82,165 | |||||||
Clinigen Group P.L.C. | 229,356 | 2,452,122 | ||||||||
ConvaTec Group P.L.C. | 1,076,276 | 2,909,256 | ||||||||
* | CVS Group P.L.C. | 366,703 | 9,480,985 | |||||||
EKF Diagnostics Holdings P.L.C. | 43,005 | 46,261 | ||||||||
EMIS Group P.L.C. | 273,584 | 4,149,785 | ||||||||
Genus P.L.C. | 8,494 | 568,794 | ||||||||
* | Indivior P.L.C. | 2,150,059 | 3,764,105 | |||||||
Integrated Diagnostics Holdings P.L.C. | 1,261,482 | 1,330,612 | ||||||||
* | Mediclinic International P.L.C. | 2,438,263 | 9,612,566 | |||||||
* | PureTech Health P.L.C. | 81,299 | 447,769 | |||||||
* | Spire Healthcare Group P.L.C. | 1,733,464 | 3,995,615 | |||||||
UDG Healthcare P.L.C. | 1,115,754 | 12,082,034 | ||||||||
* | Vectura Group P.L.C. | 4,085,018 | 6,509,265 | |||||||
|
| |||||||||
TOTAL HEALTH CARE | 61,886,979 | |||||||||
|
| |||||||||
INDUSTRIALS (31.4%) |
| |||||||||
Aggreko P.L.C. | 1,306,953 | 15,790,585 | ||||||||
Air Partner P.L.C. | 253,425 | 235,527 | ||||||||
Avon Rubber P.L.C. | 188,841 | 8,220,449 | ||||||||
#* | Babcock International Group P.L.C. | 2,966,254 | 9,347,634 | |||||||
* | Balfour Beatty P.L.C. | 4,538,052 | 18,466,542 | |||||||
Begbies Traynor Group P.L.C. | 44,955 | 73,161 | ||||||||
* | Biffa P.L.C. | 1,196,429 | 4,384,159 | |||||||
Bodycote P.L.C. | 1,256,928 | 14,320,330 | ||||||||
* | Braemar Shipping Services P.L.C. | 91,109 | 251,158 | |||||||
Chemring Group P.L.C. | 1,806,230 | 6,622,849 | ||||||||
Clarkson P.L.C. | 191,385 | 7,260,622 | ||||||||
Clipper Logistics P.L.C. | 198,686 | 1,621,273 | ||||||||
* | Costain Group P.L.C. | 237,261 | 188,827 | |||||||
* | De La Rue P.L.C. | 449,522 | 1,280,331 | |||||||
* | Dialight P.L.C. | 89,929 | 323,378 | |||||||
Diploma P.L.C. | 650,354 | 22,866,108 | ||||||||
DiscoverIE Group P.L.C. | 498,854 | 4,608,714 | ||||||||
Electrocomponents P.L.C. | 1,667,511 | 22,835,432 | ||||||||
#* | Esken, Ltd. | 1,517,493 | 714,747 | |||||||
* | Firstgroup P.L.C. | 7,153,685 | 9,073,957 | |||||||
* | G4S P.L.C. | 9,287,044 | 31,369,965 | |||||||
Galliford Try Holdings P.L.C. | 463,722 | 811,593 | ||||||||
* | Go-Ahead Group P.L.C. (The) | 276,719 | 5,191,333 | |||||||
Goodwin P.L.C. | 383 | 15,574 | ||||||||
Grafton Group P.L.C. | 1,582,491 | 22,336,400 | ||||||||
* | Hays P.L.C. | 8,263,185 | 17,025,357 | |||||||
* | Howden Joinery Group P.L.C. | 580,448 | 5,865,204 | |||||||
IMI P.L.C. | 1,740,984 | 32,004,364 | ||||||||
Industrial and Commercial Holding Group, Ltd. | 5,000 | 0 | ||||||||
# | Interserve P.L.C. | 629,566 | 0 | |||||||
James Fisher & Sons P.L.C. | 316,172 | 4,627,551 | ||||||||
James Halstead P.L.C. | 8,111 | 55,692 | ||||||||
* | JET2 P.L.C. | 403,306 | 7,045,731 | |||||||
John Laing Group P.L.C. | 2,506,978 | 10,825,937 | ||||||||
* | John Menzies P.L.C. | 380,804 | 1,732,352 | |||||||
* | Johnson Service Group P.L.C. | 198,324 | 405,851 | |||||||
Keller Group P.L.C. | 465,858 | 5,160,969 | ||||||||
* | Kier Group P.L.C. | 773,329 | 960,830 | |||||||
Luceco P.L.C. | 249,615 | 936,366 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INDUSTRIALS (Continued) |
| |||||||||
* | Mears Group P.L.C. | 670,193 | $ | 1,792,064 | ||||||
* | Meggitt P.L.C. | 2,977,030 | 19,575,938 | |||||||
* | Mitie Group P.L.C. | 6,831,237 | 5,929,979 | |||||||
Morgan Advanced Materials P.L.C. | 1,867,655 | 8,013,696 | ||||||||
Morgan Sindall Group P.L.C. | 240,008 | 5,841,514 | ||||||||
* | National Express Group P.L.C. | 2,738,577 | 11,622,225 | |||||||
* | Norcros P.L.C. | 131,163 | 484,717 | |||||||
* | Pagegroup P.L.C. | 2,063,842 | 13,388,777 | |||||||
PayPoint P.L.C. | 409,596 | 3,333,121 | ||||||||
* | Polypipe Group P.L.C. | 1,352,535 | 10,351,011 | |||||||
Porvair P.L.C. | 18,060 | 135,966 | ||||||||
QinetiQ Group P.L.C. | 3,744,786 | 16,316,717 | ||||||||
Redde Northgate P.L.C. | 1,996,988 | 8,483,977 | ||||||||
Renew Holdings P.L.C. | 27,213 | 211,581 | ||||||||
* | Renewi P.L.C. | 5,097,968 | 3,355,404 | |||||||
Ricardo P.L.C. | 291,046 | 1,725,921 | ||||||||
Robert Walters P.L.C. | 392,744 | 3,302,043 | ||||||||
Rotork P.L.C. | 5,397,898 | 26,531,054 | ||||||||
* | Royal Mail P.L.C. | 5,014,011 | 34,896,231 | |||||||
* | RPS Group P.L.C. | 940,773 | 1,218,423 | |||||||
RWS Holdings P.L.C. | 641,629 | 5,386,626 | ||||||||
* | Senior P.L.C. | 2,283,856 | 3,485,556 | |||||||
* | Serco Group P.L.C. | 1,035,024 | 1,960,897 | |||||||
Severfield P.L.C. | 1,090,941 | 1,178,744 | ||||||||
* | SIG P.L.C. | 4,775,670 | 2,516,988 | |||||||
* | Signature Aviation P.L.C. | 5,396,257 | 30,055,300 | |||||||
Smart Metering Systems P.L.C. | 424,453 | 4,860,688 | ||||||||
* | Speedy Hire P.L.C. | 3,123,066 | 2,864,566 | |||||||
* | Stagecoach Group P.L.C. | 2,510,475 | 3,478,261 | |||||||
* | SThree P.L.C. | 766,760 | 4,075,048 | |||||||
T Clarke P.L.C. | 64,142 | 97,482 | ||||||||
* | Travis Perkins P.L.C. | 1,545,039 | 32,850,466 | |||||||
* | Trifast P.L.C. | 524,611 | 1,085,452 | |||||||
* | Tyman P.L.C. | 935,887 | 4,806,850 | |||||||
Ultra Electronics Holdings P.L.C. | 576,077 | 16,115,039 | ||||||||
Vesuvius P.L.C. | 1,467,384 | 10,909,819 | ||||||||
Volex P.L.C. | 341,719 | 1,586,756 | ||||||||
Volution Group P.L.C. | 383,473 | 2,087,776 | ||||||||
Vp P.L.C. | 156,511 | 1,755,514 | ||||||||
* | Weir Group P.L.C (The) | 487,503 | 11,948,820 | |||||||
Wilmington P.L.C. | 334,384 | 899,195 | ||||||||
Wincanton P.L.C. | 636,980 | 3,412,856 | ||||||||
XP Power, Ltd. | 101,307 | 6,561,201 | ||||||||
|
| |||||||||
TOTAL INDUSTRIALS | 625,347,111 | |||||||||
|
| |||||||||
INFORMATION TECHNOLOGY (6.9%) |
| |||||||||
* | Capita P.L.C. | 7,411,267 | 4,452,008 | |||||||
Computacenter P.L.C. | 537,371 | 17,555,010 | ||||||||
dotdigital group P.L.C. | 54,013 | 124,338 | ||||||||
* | Equiniti Group P.L.C. | 2,329,628 | 4,150,641 | |||||||
FDM Group Holdings P.L.C. | 381,786 | 5,291,568 | ||||||||
* | First Derivatives P.L.C. | 15,666 | 573,342 | |||||||
IDOX P.L.C. | 79,223 | 68,804 | ||||||||
iomart Group P.L.C. | 182,629 | 788,630 | ||||||||
#* | IQE P.L.C. | 761,262 | 616,124 | |||||||
Kainos Group P.L.C. | 391,260 | 8,044,216 | ||||||||
Learning Technologies Group P.L.C. | 77,035 | 159,344 | ||||||||
Micro Focus International P.L.C. | 625,598 | 4,779,121 | ||||||||
# | NCC Group P.L.C. | 1,665,557 | 5,921,221 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
Oxford Instruments P.L.C. | 343,175 | $ | 9,008,031 | |||||||
Renishaw P.L.C. | 106,065 | 9,364,591 | ||||||||
RM P.L.C. | 351,353 | 1,082,355 | ||||||||
Softcat P.L.C. | 755,673 | 18,883,931 | ||||||||
Spectris P.L.C. | 649,656 | 29,799,830 | ||||||||
Spirent Communications P.L.C. | 3,988,309 | 13,110,746 | ||||||||
Strix Group P.L.C. | 206,915 | 768,113 | ||||||||
* | Telit Communications P.L.C. | 143,592 | 412,706 | |||||||
Trellus Health, Ltd. | 1,632 | 0 | ||||||||
* | TT Electronics P.L.C. | 1,053,269 | 3,339,048 | |||||||
#* | Xaar P.L.C. | 223,245 | 440,787 | |||||||
|
| |||||||||
TOTAL INFORMATION TECHNOLOGY | 138,734,505 | |||||||||
|
| |||||||||
MATERIALS (6.9%) |
| |||||||||
* | Accsys Technologies P.L.C. | 9,505 | 21,620 | |||||||
Anglo Pacific Group P.L.C. | 1,065,073 | 1,919,615 | ||||||||
Castings P.L.C. | 165,113 | 855,096 | ||||||||
Centamin P.L.C. | 7,348,995 | 10,533,461 | ||||||||
Central Asia Metals P.L.C. | 507,903 | 1,750,984 | ||||||||
* | Elementis P.L.C. | 2,934,605 | 5,075,932 | |||||||
* | Essentra P.L.C. | 1,625,038 | 6,494,941 | |||||||
Ferrexpo P.L.C. | 1,920,094 | 9,914,581 | ||||||||
#* | Forterra P.L.C. | 1,374,279 | 5,432,545 | |||||||
* | Gem Diamonds, Ltd. | 384,962 | 354,608 | |||||||
Hill & Smith Holdings P.L.C. | 536,254 | 10,880,026 | ||||||||
Hochschild Mining P.L.C. | 1,698,439 | 4,583,229 | ||||||||
* | Ibstock P.L.C. | 2,582,634 | 7,838,084 | |||||||
KAZ Minerals P.L.C. | 1,557,504 | 18,611,640 | ||||||||
* | Marshalls P.L.C. | 1,419,950 | 13,397,029 | |||||||
Pan African Resources P.L.C. | 515,630 | 112,945 | ||||||||
* | Petropavlovsk P.L.C. | 838,033 | 275,484 | |||||||
Rhi Magnesita NV | 106,971 | 6,219,556 | ||||||||
* | Scapa Group P.L.C. | 89,332 | 264,085 | |||||||
* | SolGold P.L.C. | 386,507 | 117,755 | |||||||
Synthomer P.L.C. | 2,272,816 | 14,535,787 | ||||||||
Victrex P.L.C. | 561,893 | 17,115,074 | ||||||||
Zotefoams P.L.C. | 98,053 | 583,476 | ||||||||
|
| |||||||||
TOTAL MATERIALS | 136,887,553 | |||||||||
|
| |||||||||
REAL ESTATE (3.9%) |
| |||||||||
CLS Holdings P.L.C. | 684,455 | 2,161,026 | ||||||||
* | Foxtons Group P.L.C. | 1,164,669 | 1,021,246 | |||||||
Grainger P.L.C. | 4,422,116 | 16,261,613 | ||||||||
Helical P.L.C. | 783,105 | 4,462,917 | ||||||||
* | IWG P.L.C. | 4,022,124 | 18,883,723 | |||||||
* | LSL Property Services P.L.C. | 429,575 | 1,805,523 | |||||||
* | Purplebricks Group P.L.C. | 65,365 | 83,760 | |||||||
* | Raven Property Group, Ltd. | 871,934 | 354,505 | |||||||
* | Savills P.L.C. | 960,490 | 15,125,186 | |||||||
St. Modwen Properties P.L.C. | 2,692,487 | 15,027,905 | ||||||||
* | U & I Group P.L.C. | 729,169 | 936,835 | |||||||
# | Watkin Jones P.L.C. | 521,040 | 1,531,640 | |||||||
|
| |||||||||
TOTAL REAL ESTATE | 77,655,879 | |||||||||
|
| |||||||||
UTILITIES (1.5%) |
| |||||||||
* | Centrica P.L.C. | 12,213,519 | 9,117,919 | |||||||
ContourGlobal P.L.C. | 68,127 | 191,938 | ||||||||
Drax Group P.L.C. | 2,382,905 | 13,809,301 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
UTILITIES (Continued) |
| |||||||||
Telecom Plus P.L.C. | 413,592 | $ | 7,240,894 | |||||||
|
| |||||||||
TOTAL UTILITIES | 30,360,052 | |||||||||
|
| |||||||||
TOTAL COMMON STOCKS | 1,962,557,475 | |||||||||
|
| |||||||||
Value | ||||||||||
SECURITIES LENDING COLLATERAL (1.6%) |
| |||||||||
@§ | The DFA Short Term Investment Fund | 2,681,989 | 31,030,615 | |||||||
|
| |||||||||
TOTAL INVESTMENTS (100.0%) |
| $ | 1,993,588,090 | |||||||
|
|
Summary of the Series investments as of March 31, 2021, 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 | | $ | 51,555,881 | | $ | 51,555,881 | ||||||||||
Consumer Discretionary | | 395,394,607 | | 395,394,607 | ||||||||||||
Consumer Staples | | 123,964,492 | | 123,964,492 | ||||||||||||
Energy | | 40,074,991 | | 40,074,991 | ||||||||||||
Financials | | 280,695,425 | | 280,695,425 | ||||||||||||
Health Care | | 61,886,979 | | 61,886,979 | ||||||||||||
Industrials | | 625,347,111 | | 625,347,111 | ||||||||||||
Information Technology | | 138,734,505 | | 138,734,505 | ||||||||||||
Materials | | 136,887,553 | | 136,887,553 | ||||||||||||
Real Estate | | 77,655,879 | | 77,655,879 | ||||||||||||
Utilities | | 30,360,052 | | 30,360,052 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Lending Collateral | | 31,030,615 | | 31,030,615 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | | $ | 1,993,588,090 | | $ | 1,993,588,090 | ||||||||||
|
|
|
|
|
|
|
|
THE CONTINENTAL SMALL COMPANY SERIES
SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS
March 31, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (94.0%) |
| |||||||||
AUSTRIA (3.7%) |
| |||||||||
Agrana Beteiligungs AG | 83,141 | $ | 1,711,658 | |||||||
ANDRITZ AG | 477,958 | 21,481,584 | ||||||||
# | AT&S Austria Technologie & Systemtechnik AG | 181,572 | 6,510,853 | |||||||
Atrium European Real Estate, Ltd. | 1,024,565 | 3,335,910 | ||||||||
BAWAG Group AG | 20,798 | 1,072,781 | ||||||||
CA Immobilien Anlagen AG | 497,492 | 21,066,978 | ||||||||
#* | DO & CO AG | 47,356 | 3,823,455 | |||||||
EVN AG | 235,387 | 5,064,151 | ||||||||
#* | FACC AG | 144,102 | 1,533,951 | |||||||
* | Flughafen Wien AG | 30,811 | 1,054,395 | |||||||
* | IMMOFINANZ AG | 670,468 | 13,677,835 | |||||||
Josef Manner & Co. AG | 870 | 105,047 | ||||||||
#* | Kapsch TrafficCom AG | 29,728 | 519,712 | |||||||
#* | Lenzing AG | 87,183 | 11,181,758 | |||||||
Mayr Melnhof Karton AG | 56,619 | 11,643,257 | ||||||||
Oberbank AG | 28,996 | 2,917,384 | ||||||||
# | Oesterreichische Post AG | 242,639 | 10,617,616 | |||||||
Palfinger AG | 98,449 | 3,840,617 | ||||||||
#* | POLYTEC Holding AG | 102,244 | 1,284,596 | |||||||
* | Porr AG | 74,767 | 1,366,942 | |||||||
* | Raiffeisen Bank International AG | 198,943 | 4,367,362 | |||||||
# | Rosenbauer International AG | 21,100 | 1,222,298 | |||||||
S IMMO AG | 346,922 | 8,718,757 | ||||||||
Schoeller-Bleckmann Oilfield Equipment AG | 68,314 | 3,063,131 | ||||||||
* | Semperit AG Holding | 69,672 | 3,099,477 | |||||||
Strabag SE | 107,575 | 3,801,176 | ||||||||
Telekom Austria AG | 1,099,338 | 8,663,762 | ||||||||
UBM Development AG | 21,002 | 933,739 | ||||||||
UNIQA Insurance Group AG | 993,126 | 7,452,063 | ||||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 303,240 | 7,859,867 | ||||||||
voestalpine AG | 640,995 | 26,545,374 | ||||||||
Wienerberger AG | 617,965 | 22,593,792 | ||||||||
Zumtobel Group AG | 159,065 | 1,462,297 | ||||||||
|
| |||||||||
TOTAL AUSTRIA | 223,593,575 | |||||||||
|
| |||||||||
BELGIUM (3.4%) |
| |||||||||
Ackermans & van Haaren NV | 171,330 | 27,235,938 | ||||||||
* | AGFA-Gevaert NV | 1,318,062 | 6,119,052 | |||||||
Atenor | 22,537 | 1,501,282 | ||||||||
Banque Nationale de Belgique | 87 | 186,722 | ||||||||
Barco NV | 456,527 | 10,708,860 | ||||||||
Bekaert SA | 249,535 | 10,434,376 | ||||||||
#* | Biocartis Group NV | 227,423 | 1,192,610 | |||||||
* | bpost SA | 618,441 | 5,906,663 | |||||||
#* | Celyad Oncology SA | 42,190 | 299,269 | |||||||
* | Cie dEntreprises CFE | 49,587 | 4,984,206 | |||||||
* | Deceuninck NV | 435,935 | 1,523,319 | |||||||
Dieteren SA | 194,540 | 19,024,051 | ||||||||
Econocom Group SA | 727,792 | 2,851,484 | ||||||||
# | Elia Group SA | 132,252 | 14,564,646 | |||||||
Etablissements Franz Colruyt NV | 1,697 | 101,171 | ||||||||
Euronav NV | 1,353,879 | 12,392,619 | ||||||||
* | EVS Broadcast Equipment SA | 69,287 | 1,462,541 | |||||||
#* | Exmar NV | 145,690 | 609,020 | |||||||
Fagron | 291,162 | 6,460,826 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
BELGIUM (Continued) |
| |||||||||
Gimv NV | 110,540 | $ | 6,609,742 | |||||||
# | Immobel SA | 22,042 | 1,669,962 | |||||||
# | Ion Beam Applications | 125,553 | 2,415,786 | |||||||
* | Jensen-Group NV | 20,961 | 647,840 | |||||||
#* | Kinepolis Group NV | 92,310 | 4,780,439 | |||||||
Lotus Bakeries NV | 1,758 | 9,296,395 | ||||||||
#* | MDxHealth | 69,016 | 93,308 | |||||||
Melexis NV | 111,148 | 11,757,045 | ||||||||
#* | Ontex Group NV | 360,468 | 3,796,340 | |||||||
Orange Belgium SA | 184,054 | 4,941,864 | ||||||||
#* | Oxurion NV | 128,049 | 373,069 | |||||||
# | Picanol | 26,368 | 2,330,139 | |||||||
Proximus SADP | 193,630 | 4,212,984 | ||||||||
Recticel SA | 272,024 | 3,961,061 | ||||||||
Resilux | 5,788 | 1,113,367 | ||||||||
* | Roularta Media Group NV | 19,318 | 325,070 | |||||||
# | Shurgard Self Storage SA | 10,845 | 493,937 | |||||||
* | Sipef NV | 36,491 | 1,967,561 | |||||||
Telenet Group Holding NV | 181,801 | 7,369,284 | ||||||||
TER Beke SA | 3,565 | 475,783 | ||||||||
* | Tessenderlo Group SA | 208,770 | 9,163,931 | |||||||
Van de Velde NV | 38,938 | 1,143,440 | ||||||||
VGP NV | 4,100 | 655,742 | ||||||||
Viohalco SA | 498,361 | 2,896,964 | ||||||||
|
| |||||||||
TOTAL BELGIUM | 210,049,708 | |||||||||
|
| |||||||||
DENMARK (5.2%) |
| |||||||||
* | ALK-Abello A.S. | 43,541 | 16,533,826 | |||||||
Alm Brand A.S. | 554,009 | 6,500,306 | ||||||||
#* | Bang & Olufsen A.S. | 614,019 | 2,926,866 | |||||||
* | BankNordik P/F | 10,800 | 265,656 | |||||||
* | Bavarian Nordic A.S. | 276,592 | 12,468,359 | |||||||
* | Brodrene Hartmann A.S. | 16,148 | 1,328,775 | |||||||
# | cBrain A/S | 625 | 20,796 | |||||||
Chemometec A/S | 3,914 | 370,178 | ||||||||
* | Columbus A.S. | 381,353 | 924,732 | |||||||
D/S Norden A.S. | 193,229 | 4,474,416 | ||||||||
* | Dfds A.S. | 288,567 | 14,755,434 | |||||||
* | Djurslands Bank A.S. | 6,458 | 315,607 | |||||||
* | Drilling Co. of 1972 A.S. (The) | 67,501 | 2,676,129 | |||||||
# | FLSmidth & Co. A.S. | 250,483 | 9,596,134 | |||||||
# | Fluegger Group A.S. | 4,198 | 490,531 | |||||||
GronlandsBANKEN A.S. | 1,125 | 108,156 | ||||||||
H Lundbeck A.S. | 21,136 | 721,718 | ||||||||
* | H+H International A.S., Class B | 111,938 | 2,881,337 | |||||||
* | Harboes Bryggeri A.S., Class B | 9,576 | 107,189 | |||||||
* | ISS A.S. | 521,164 | 9,713,000 | |||||||
* | Jeudan A.S. | 38,740 | 1,522,673 | |||||||
* | Jyske Bank A.S. | 431,986 | 20,614,102 | |||||||
Lan & Spar Bank | 4,981 | 400,378 | ||||||||
* | Matas A.S. | 239,471 | 3,136,227 | |||||||
# | Netcompany Group A.S. | 12,638 | 1,203,724 | |||||||
* | Nilfisk Holding A.S. | 153,943 | 4,694,645 | |||||||
* | NKT A.S. | 269,569 | 11,710,565 | |||||||
# | NNIT A.S. | 69,757 | 1,169,829 | |||||||
Pandora A.S. | 192,255 | 20,561,552 | ||||||||
* | Parken Sport & Entertainment A.S. | 18,593 | 219,742 | |||||||
Per Aarsleff Holding A.S. | 131,712 | 5,720,046 | ||||||||
Ringkjoebing Landbobank A.S. | 192,088 | 18,764,387 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
DENMARK (Continued) |
| |||||||||
* | Roblon A.S., Class B | 973 | $ | 28,991 | ||||||
Rockwool International A.S., Class A | 730 | 273,158 | ||||||||
Rockwool International A.S., Class B | 11,400 | 4,798,217 | ||||||||
Royal Unibrew A.S. | 327,792 | 34,265,285 | ||||||||
# | RTX A.S. | 54,444 | 1,657,625 | |||||||
Scandinavian Tobacco Group A.S., Class A | 388,052 | 7,448,657 | ||||||||
Schouw & Co., A.S. | 89,926 | 9,406,006 | ||||||||
# | SimCorp A.S. | 260,025 | 32,195,339 | |||||||
Solar A.S., Class B | 38,054 | 2,872,433 | ||||||||
* | Spar Nord Bank A.S. | 596,853 | 6,370,491 | |||||||
Sydbank A.S. | 471,338 | 12,698,635 | ||||||||
#* | Tivoli A.S. | 9,878 | 1,164,595 | |||||||
# | Topdanmark A.S. | 437,897 | 19,972,371 | |||||||
# | TORM P.L.C. | 189,104 | 1,722,175 | |||||||
United International Enterprises, Ltd. | 10,336 | 2,715,214 | ||||||||
* | Vestjysk Bank A.S. | 1,931,528 | 1,041,666 | |||||||
* | Zealand Pharma A.S. | 183,481 | 5,804,389 | |||||||
|
| |||||||||
TOTAL DENMARK | 321,332,262 | |||||||||
|
| |||||||||
FINLAND (6.0%) |
| |||||||||
Aktia Bank Oyj | 324,379 | 3,744,621 | ||||||||
# | Alandsbanken Abp, Class B | 20,869 | 653,429 | |||||||
Alma Media Oyj | 129,772 | 1,370,233 | ||||||||
# | Altia Oyj | 12,029 | 150,040 | |||||||
Apetit Oyj | 19,668 | 307,792 | ||||||||
Aspo Oyj | 103,690 | 1,079,190 | ||||||||
Atria Oyj | 89,419 | 1,240,072 | ||||||||
* | BasWare Oyj | 51,269 | 2,203,459 | |||||||
#* | Bittium Oyj | 204,447 | 1,584,327 | |||||||
# | Cargotec Oyj, Class B | 284,301 | 15,384,700 | |||||||
# | Caverion Oyj | 646,986 | 3,924,055 | |||||||
# | Citycon Oyj | 477,252 | 3,970,647 | |||||||
Digia Oyj | 75,945 | 670,067 | ||||||||
# | Enento Group Oyj | 1,665 | 68,546 | |||||||
#* | Finnair Oyj | 4,731,016 | 3,934,431 | |||||||
Fiskars Oyj Abp | 211,905 | 3,944,237 | ||||||||
F-Secure Oyj | 647,558 | 3,067,477 | ||||||||
* | Glaston Oyj ABP | 9,217 | 9,182 | |||||||
Harvia Oyj | 664 | 23,995 | ||||||||
* | HKScan Oyj, Class A | 234,984 | 631,278 | |||||||
Huhtamaki Oyj | 652,963 | 29,546,881 | ||||||||
Ilkka-Yhtyma Oyj | 58,887 | 356,895 | ||||||||
Kamux Corp. | 2,121 | 32,536 | ||||||||
Kemira Oyj | 734,431 | 11,282,150 | ||||||||
Kojamo Oyj | 205,926 | 4,034,033 | ||||||||
Konecranes Oyj | 464,401 | 20,697,296 | ||||||||
# | Lassila & Tikanoja Oyj | 209,178 | 3,427,526 | |||||||
#* | Lehto Group Oyj | 159,853 | 330,935 | |||||||
Marimekko Oyj | 247 | 14,015 | ||||||||
Metsa Board Oyj | 1,300,465 | 14,160,155 | ||||||||
Metso Outotec Oyj | 2,828,773 | 31,539,751 | ||||||||
Neles Oyj | 667,333 | 8,472,255 | ||||||||
Nokian Renkaat Oyj | 561,685 | 20,345,493 | ||||||||
Olvi Oyj, Class A | 95,688 | 5,463,209 | ||||||||
Oriola Oyj, Class A | 6,054 | 15,617 | ||||||||
# | Oriola Oyj, Class B | 880,807 | 2,118,221 | |||||||
# | Orion Oyj, Class A | 143,951 | 6,188,587 | |||||||
# | Orion Oyj, Class B | 515,971 | 20,673,261 | |||||||
#* | Outokumpu Oyj | 2,215,229 | 12,835,525 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FINLAND (Continued) |
| |||||||||
* | Pihlajalinna Oyj | 77,064 | $ | 1,048,389 | ||||||
# | Ponsse Oyj | 71,199 | 3,153,658 | |||||||
* | QT Group Oyj | 56,327 | 5,902,512 | |||||||
Raisio Oyj, Class V | 947,762 | 4,350,984 | ||||||||
* | Rapala VMC Oyj | 113,078 | 944,461 | |||||||
Raute Oyj, Class A | 2,644 | 70,648 | ||||||||
# | Revenio Group Oyj | 129,671 | 7,699,100 | |||||||
Sanoma Oyj | 730,928 | 12,277,577 | ||||||||
Teleste Oyj | 52,966 | 319,216 | ||||||||
Terveystalo Oyj | 24,688 | 342,660 | ||||||||
TietoEVRY Oyj | 439,754 | 13,626,648 | ||||||||
* | Tikkurila Oyj | 240,104 | 9,532,268 | |||||||
Tokmanni Group Corp. | 313,447 | 7,345,933 | ||||||||
Uponor Oyj | 387,896 | 8,609,569 | ||||||||
Vaisala Oyj, Class A | 120,241 | 4,492,893 | ||||||||
# | Valmet Oyj | 889,683 | 32,393,982 | |||||||
#* | Viking Line Abp | 7,869 | 137,380 | |||||||
# | Wartsila Oyj Abp | 731,015 | 7,663,107 | |||||||
# | YIT Oyj | 1,240,508 | 6,594,873 | |||||||
|
| |||||||||
TOTAL FINLAND | 366,001,977 | |||||||||
|
| |||||||||
FRANCE (9.8%) |
| |||||||||
ABC arbitrage | 84,953 | 722,433 | ||||||||
#* | Akka Technologies | 78,596 | 2,050,389 | |||||||
AKWEL | 61,489 | 2,153,938 | ||||||||
Albioma SA | 191,797 | 9,399,771 | ||||||||
ALD SA | 21,119 | 308,893 | ||||||||
Altamir | 136,094 | 3,765,641 | ||||||||
* | Alten SA | 164,730 | 19,326,802 | |||||||
#* | Amplitude Surgical SAS | 19,526 | 51,478 | |||||||
Assystem SA | 60,928 | 1,835,704 | ||||||||
* | Ateme SA | 490 | 8,791 | |||||||
Aubay | 41,374 | 2,090,533 | ||||||||
* | Axway Software SA | 38,973 | 1,229,241 | |||||||
# | Bastide le Confort Medical | 18,680 | 1,071,663 | |||||||
* | Beneteau SA | 236,902 | 3,319,999 | |||||||
* | Bigben Interactive | 94,289 | 2,180,839 | |||||||
Boiron SA | 37,981 | 1,593,515 | ||||||||
Bonduelle SCA | 93,424 | 2,340,867 | ||||||||
# | Bourbon Corp. | 28,851 | 0 | |||||||
Burelle SA | 1,134 | 1,201,552 | ||||||||
#* | Casino Guichard Perrachon SA | 271,603 | 9,048,228 | |||||||
#* | Catering International Services | 14,124 | 198,742 | |||||||
* | Cegedim SA | 32,518 | 915,214 | |||||||
* | CGG SA | 4,294,730 | 5,150,520 | |||||||
# | Chargeurs SA | 125,784 | 3,408,241 | |||||||
* | Cie des Alpes | 68,915 | 1,770,020 | |||||||
Cie Plastic Omnium SA | 397,771 | 14,557,259 | ||||||||
* | Coface SA | 666,148 | 7,360,173 | |||||||
* | Derichebourg SA | 674,728 | 5,521,758 | |||||||
Electricite de Strasbourg SA | 21,112 | 2,896,807 | ||||||||
# | Elior Group SA | 577,567 | 4,280,045 | |||||||
* | Elis SA | 1,122,246 | 18,317,199 | |||||||
* | Eramet SA | 50,163 | 3,556,242 | |||||||
* | Erytech Pharma SA | 3,609 | 25,564 | |||||||
* | Esso SA Francaise | 6,184 | 84,913 | |||||||
* | Etablissements Maurel et Prom SA | 294,902 | 693,543 | |||||||
Euronext NV | 223,445 | 22,489,674 | ||||||||
# | Eutelsat Communications SA | 1,232,764 | 14,996,821 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FRANCE (Continued) |
| |||||||||
* | Exel Industries, Class A | 10,459 | $ | 821,743 | ||||||
* | Faurecia SE | 308,936 | 16,438,902 | |||||||
Fleury Michon SA | 5,329 | 127,529 | ||||||||
* | Fnac Darty SA | 121,981 | 7,480,085 | |||||||
* | Gaumont SA | 10,956 | 1,417,262 | |||||||
Gaztransport Et Technigaz SA | 130,815 | 10,422,406 | ||||||||
# | GEA | 2,433 | 299,701 | |||||||
#* | GL Events | 58,364 | 965,283 | |||||||
* | Groupe Crit | 22,187 | 1,820,564 | |||||||
Groupe Gorge SA | 4,320 | 82,245 | ||||||||
* | Groupe SFPI | 21,754 | 43,178 | |||||||
Guerbet | 38,504 | 1,495,593 | ||||||||
Haulotte Group SA | 73,020 | 517,581 | ||||||||
* | HEXAOM | 15,908 | 817,067 | |||||||
* | ID Logistics Group | 14,640 | 3,915,181 | |||||||
# | Imerys SA | 208,694 | 10,149,730 | |||||||
#* | Innate Pharma SA | 15,558 | 67,997 | |||||||
IPSOS | 248,613 | 9,379,637 | ||||||||
# | Jacquet Metals SA | 87,314 | 2,029,391 | |||||||
* | JCDecaux SA | 165,865 | 4,181,406 | |||||||
Kaufman & Broad SA | 122,744 | 5,301,087 | ||||||||
* | Korian SA | 466,206 | 16,179,751 | |||||||
#* | Lagardere SCA | 603,838 | 15,855,430 | |||||||
Laurent-Perrier | 13,890 | 1,293,428 | ||||||||
Lectra | 166,120 | 5,492,601 | ||||||||
Linedata Services | 14,505 | 595,653 | ||||||||
* | LISI | 114,546 | 3,337,806 | |||||||
LNA Sante SA | 33,206 | 1,783,740 | ||||||||
* | Maisons du Monde SA | 280,214 | 6,197,622 | |||||||
Manitou BF SA | 66,010 | 2,213,517 | ||||||||
Manutan International | 15,102 | 1,256,264 | ||||||||
* | Mersen SA | 115,668 | 4,025,750 | |||||||
#* | METabolic EXplorer SA | 142,767 | 889,198 | |||||||
* | Metropole Television SA | 242,637 | 5,181,755 | |||||||
#* | Neoen SA | 27,987 | 1,403,001 | |||||||
* | Nexans SA | 198,725 | 17,583,834 | |||||||
Nexity SA | 297,674 | 14,669,744 | ||||||||
#* | Nicox | 145,865 | 728,092 | |||||||
* | NRJ Group | 85,587 | 653,657 | |||||||
#* | Oeneo SA | 128,172 | 1,669,075 | |||||||
* | OL Groupe SA | 10,735 | 29,565 | |||||||
#* | Onxeo SA | 88,887 | 75,075 | |||||||
#* | Onxeo SA | 48,958 | 41,712 | |||||||
* | Orpea SA | 17,320 | 2,005,627 | |||||||
Pharmagest Interactive | 436 | 48,720 | ||||||||
* | Pierre Et Vacances SA | 781 | 10,663 | |||||||
* | Plastivaloire | 14,341 | 135,821 | |||||||
Quadient SA | 207,325 | 4,977,053 | ||||||||
#* | Rallye SA | 36,059 | 307,564 | |||||||
#* | Recylex SA | 102,008 | 41,450 | |||||||
* | Rexel SA | 2,073,563 | 41,044,383 | |||||||
# | Robertet SA | 2,749 | 2,983,659 | |||||||
* | Rothschild & Co. | 116,118 | 4,194,638 | |||||||
Rubis SCA | 510,543 | 24,161,526 | ||||||||
Samse SA | 7,930 | 1,617,814 | ||||||||
* | Savencia SA | 33,976 | 2,899,925 | |||||||
* | SCOR SE | 263,872 | 8,988,268 | |||||||
Seche Environnement SA | 18,630 | 1,115,649 | ||||||||
SES SA | 1,000,143 | 7,934,177 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
FRANCE (Continued) |
| |||||||||
Societe BIC SA | 174,241 | $ | 10,199,173 | |||||||
* | Societe des Bains de Mer et du Cercle des Etrangers a Monaco | 56,151 | 4,177,407 | |||||||
* | Societe Marseillaise du Tunnel Prado-Carenage SA | 5,211 | 107,989 | |||||||
Societe pour lInformatique Industrielle | 41,811 | 1,245,036 | ||||||||
* | SOITEC | 131,953 | 26,935,223 | |||||||
#* | Solocal Group | 681,417 | 2,294,234 | |||||||
Somfy SA | 90,725 | 15,166,119 | ||||||||
* | Sopra Steria Group | 108,873 | 18,192,485 | |||||||
* | SPIE SA | 839,574 | 20,085,084 | |||||||
#* | SRP Groupe SA | 56,827 | 198,239 | |||||||
Stef SA | 25,714 | 2,702,665 | ||||||||
Sword Group | 33,570 | 1,506,635 | ||||||||
* | Synergie SE | 67,143 | 2,553,299 | |||||||
* | Tarkett SA | 202,726 | 3,233,682 | |||||||
* | Television Francaise 1 | 427,799 | 3,890,350 | |||||||
# | TFF Group | 9,347 | 329,655 | |||||||
Thermador Groupe | 37,127 | 3,370,330 | ||||||||
# | Tikehau Capital SCA | 14,886 | 441,739 | |||||||
Total Gabon | 3,883 | 644,021 | ||||||||
Trigano SA | 53,337 | 9,969,192 | ||||||||
* | Union Financiere de France BQE SA | 18,515 | 430,245 | |||||||
#* | Vallourec SA | 49,247 | 1,671,649 | |||||||
* | Valneva SE | 69,195 | 859,097 | |||||||
Verallia SASU | 28,437 | 1,024,434 | ||||||||
Vetoquinol SA | 16,496 | 1,905,538 | ||||||||
Vicat SA | 126,485 | 6,138,191 | ||||||||
VIEL & Cie SA | 156,945 | 1,085,684 | ||||||||
Vilmorin & Cie SA | 35,656 | 2,531,463 | ||||||||
* | Virbac SA | 21,378 | 5,500,753 | |||||||
* | Vranken-Pommery Monopole SA | 16,787 | 352,242 | |||||||
* | Wavestone | 1,222 | 49,287 | |||||||
* | X-Fab Silicon Foundries SE | 5,875 | 50,575 | |||||||
* | Xilam Animation S.A. | 197 | 10,965 | |||||||
* | XPO Logistics Europe SADIR | 33 | 11,596 | |||||||
|
| |||||||||
TOTAL FRANCE | 600,184,063 | |||||||||
|
| |||||||||
GERMANY (15.3%) |
| |||||||||
1&1 Drillisch AG | 195,276 | 5,486,867 | ||||||||
7C Solarparken AG | 31,077 | 148,604 | ||||||||
* | Aareal Bank AG | 462,545 | 13,130,476 | |||||||
Adesso SE | 597 | 76,042 | ||||||||
* | ADLER Group SA | 84,233 | 2,306,844 | |||||||
* | ADVA Optical Networking SE | 355,643 | 4,221,990 | |||||||
* | AIXTRON SE | 484,849 | 11,020,437 | |||||||
All for One Group SE | 4,222 | 308,934 | ||||||||
# | Allgeier SE | 46,117 | 1,325,104 | |||||||
* | Amadeus Fire AG | 2,066 | 302,555 | |||||||
Atoss Software AG | 5,654 | 1,072,452 | ||||||||
Aurubis AG | 290,148 | 24,046,491 | ||||||||
Basler AG | 30,321 | 3,491,468 | ||||||||
#* | Bauer AG | 71,621 | 988,322 | |||||||
BayWa AG | 105,190 | 4,639,974 | ||||||||
BayWa AG | 124 | 5,741 | ||||||||
Bechtle AG | 32,696 | 6,133,624 | ||||||||
Befesa SA | 8,592 | 575,719 | ||||||||
Bertrandt AG | 36,691 | 1,999,380 | ||||||||
bet-at-home.com AG | 20,877 | 1,122,023 | ||||||||
* | Bijou Brigitte AG | 22,688 | 641,423 | |||||||
Bilfinger SE | 193,165 | 7,069,153 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
* | Borussia Dortmund GmbH & Co. KGaA | 530,026 | $ | 3,374,122 | ||||||
CANCOM SE | 203,056 | 11,709,944 | ||||||||
* | CECONOMY AG | 1,044,271 | 6,047,968 | |||||||
* | CENIT AG | 54,144 | 851,386 | |||||||
Cewe Stiftung & Co. KGAA | 43,389 | 6,127,807 | ||||||||
* | Commerzbank AG | 2,926,710 | 17,960,089 | |||||||
CompuGroup Medical SE & Co. KgaA | 185,429 | 15,672,081 | ||||||||
#* | Corestate Capital Holding SA | 77,099 | 1,280,489 | |||||||
CropEnergies AG | 177,529 | 2,489,738 | ||||||||
* | CTS Eventim AG & Co. KGaA | 349,410 | 20,291,073 | |||||||
Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen | 11,455 | 647,805 | ||||||||
Dermapharm Holding SE | 26,807 | 1,917,293 | ||||||||
Deutsche Beteiligungs AG | 92,778 | 4,185,457 | ||||||||
* | Deutsche EuroShop AG | 320,657 | 6,682,746 | |||||||
* | Deutsche Lufthansa AG | 65,367 | 866,982 | |||||||
* | Deutsche Pfandbriefbank AG | 1,030,684 | 12,005,783 | |||||||
* | Deutz AG | 1,015,496 | 7,593,683 | |||||||
* | Dialog Semiconductor P.L.C. | 544,240 | 41,032,970 | |||||||
DIC Asset AG | 384,623 | 6,662,674 | ||||||||
DMG Mori AG | 12,442 | 614,604 | ||||||||
Dr Hoenle AG | 35,520 | 1,981,888 | ||||||||
Draegerwerk AG & Co. KGaA | 20,476 | 1,552,867 | ||||||||
# | Duerr AG | 407,164 | 16,952,702 | |||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 103,812 | 8,287,984 | ||||||||
* | EDAG Engineering Group AG | 51,353 | 541,296 | |||||||
Elmos Semiconductor SE | 34,207 | 1,438,348 | ||||||||
* | ElringKlinger AG | 186,329 | 2,735,816 | |||||||
# | Encavis AG | 159,054 | 3,014,719 | |||||||
Energiekontor AG | 2,624 | 179,184 | ||||||||
#* | Evotec SE | 78,410 | 2,825,105 | |||||||
Fabasoft AG | 509 | 24,112 | ||||||||
* | Ferratum Oyj | 39,731 | 293,868 | |||||||
* | Fielmann AG | 118,208 | 9,431,338 | |||||||
First Sensor AG | 23,426 | 1,115,532 | ||||||||
* | Flatex AG | 18,537 | 1,717,951 | |||||||
FORTEC Elektronik AG | 372 | 7,850 | ||||||||
* | Francotyp-Postalia Holding AG, Class A | 55,619 | 202,303 | |||||||
* | Fraport AG Frankfurt Airport Services Worldwide | 76,050 | 4,620,524 | |||||||
Freenet AG | 930,432 | 22,288,840 | ||||||||
Fuchs Petrolub SE | 108,436 | 4,364,841 | ||||||||
GEA Group AG | 847,030 | 34,741,565 | ||||||||
Gerresheimer AG | 242,136 | 24,048,308 | ||||||||
Gesco AG | 55,404 | 1,546,839 | ||||||||
GFT Technologies SE | 123,639 | 2,293,437 | ||||||||
Grand City Properties SA | 803,479 | 20,125,336 | ||||||||
* | H&R GmbH & Co. KGaA | 71,674 | 512,871 | |||||||
Hamburger Hafen und Logistik AG | 188,498 | 4,176,154 | ||||||||
Hawesko Holding AG | 52 | 2,823 | ||||||||
#* | Heidelberger Druckmaschinen AG | 1,340,269 | 1,806,818 | |||||||
* | Hella GmbH & Co KGaA | 241,744 | 13,574,756 | |||||||
* | Highlight Communications AG | 98,406 | 456,453 | |||||||
Hochtief AG | 8,694 | 778,354 | ||||||||
* | HolidayCheck Group AG | 325,440 | 849,383 | |||||||
Hornbach Baumarkt AG | 51,444 | 2,163,640 | ||||||||
Hornbach Holding AG & Co. KGaA | 39,996 | 3,906,066 | ||||||||
Hugo Boss AG | 382,229 | 15,019,334 | ||||||||
* | Hypoport SE | 3,088 | 1,637,779 | |||||||
Indus Holding AG | 134,558 | 5,587,308 | ||||||||
* | Instone Real Estate Group AG | 7,571 | 208,145 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
IVU Traffic Technologies AG | 50,948 | $ | 1,105,024 | |||||||
Jenoptik AG | 383,317 | 11,520,621 | ||||||||
* | JOST Werke AG | 5,660 | 357,873 | |||||||
K+S AG | 1,185,372 | 11,794,294 | ||||||||
* | Kloeckner & Co. SE | 463,926 | 5,842,669 | |||||||
#* | Koenig & Bauer AG | 93,035 | 2,774,131 | |||||||
Krones AG | 113,425 | 9,214,052 | ||||||||
KSB SE & Co. KGaA | 3,326 | 1,178,209 | ||||||||
KWS Saat SE & Co., KGaA | 80,774 | 6,995,376 | ||||||||
Lanxess AG | 597,294 | 44,083,134 | ||||||||
Leifheit AG | 60,321 | 3,196,629 | ||||||||
#* | Leoni AG | 185,404 | 2,325,947 | |||||||
# | LPKF Laser & Electronics AG | 88,339 | 2,470,932 | |||||||
#* | Manz AG | 28,275 | 1,757,288 | |||||||
* | Mediclin AG | 88,966 | 450,543 | |||||||
#* | Medigene AG | 116,971 | 535,146 | |||||||
METRO AG | 553,216 | 5,842,337 | ||||||||
MLP SE | 377,507 | 3,111,968 | ||||||||
* | Nagarro SE | 46,117 | 5,063,756 | |||||||
Nemetschek SE | 44,616 | 2,848,017 | ||||||||
New Work SE | 20,199 | 5,242,334 | ||||||||
# | Nexus AG | 88,367 | 5,679,955 | |||||||
* | Nordex SE | 508,398 | 16,312,695 | |||||||
Norma Group SE | 231,101 | 10,970,284 | ||||||||
#* | OHB SE | 37,995 | 1,573,468 | |||||||
Patrizia AG | 349,841 | 8,856,572 | ||||||||
Pfeiffer Vacuum Technology AG | 48,322 | 8,784,884 | ||||||||
PNE AG | 493,007 | 4,275,002 | ||||||||
* | Progress-Werk Oberkirch AG | 8,558 | 264,981 | |||||||
* | ProSiebenSat.1 Media SE | 1,254,182 | 25,613,007 | |||||||
PSI Software AG | 50,850 | 1,599,382 | ||||||||
* | PVA TePla AG | 3,771 | 115,668 | |||||||
q.beyond AG | 768,941 | 1,706,150 | ||||||||
* | R Stahl AG | 14,952 | 438,583 | |||||||
Rheinmetall AG | 313,337 | 31,779,676 | ||||||||
* | RTL Group SA | 27,994 | 1,641,647 | |||||||
#* | S&T AG | 335,113 | 8,336,757 | |||||||
* | SAF-Holland SE | 320,332 | 4,668,419 | |||||||
* | Salzgitter AG | 262,490 | 8,196,959 | |||||||
#* | Schaltbau Holding AG | 33,065 | 1,299,771 | |||||||
Schloss Wachenheim AG | 8,017 | 151,340 | ||||||||
# | Secunet Security Networks AG | 6,313 | 2,003,391 | |||||||
#* | SGL Carbon SE | 298,485 | 2,115,237 | |||||||
#* | Siltronic AG | 146,283 | 23,587,585 | |||||||
* | Sixt SE | 95,154 | 12,582,235 | |||||||
* | SMA Solar Technology AG | 69,928 | 4,113,597 | |||||||
#* | SNP Schneider-Neureither & Partner SE | 2,373 | 161,793 | |||||||
Softing AG | 14,914 | 91,049 | ||||||||
Software AG | 359,622 | 15,149,837 | ||||||||
Stabilus SA | 173,972 | 12,264,313 | ||||||||
STRATEC SE | 24,591 | 3,321,697 | ||||||||
Stroeer SE & Co. KGaA | 198,823 | 16,199,627 | ||||||||
Suedzucker AG | 522,404 | 8,854,936 | ||||||||
* | SUESS MicroTec SE | 134,313 | 4,193,984 | |||||||
* | Surteco Group SE | 46,502 | 1,394,293 | |||||||
* | Syzygy AG | 2,030 | 13,947 | |||||||
TAG Immobilien AG | 954,559 | 27,246,880 | ||||||||
* | Takkt AG | 209,522 | 3,171,699 | |||||||
#* | Technotrans SE | 46,673 | 1,399,839 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
#* | Tele Columbus AG | 327,138 | $ | 1,239,140 | ||||||
# | Telefonica Deutschland Holding AG | 1,092,787 | 3,205,665 | |||||||
* | Thyssenkrupp AG | 499,402 | 6,670,017 | |||||||
Traffic Systems SE | 36,351 | 1,487,334 | ||||||||
* | va-Q-tec AG | 869 | 32,203 | |||||||
# | VERBIO Vereinigte BioEnergie AG | 157,195 | 6,769,486 | |||||||
* | Vossloh AG | 66,029 | 3,286,900 | |||||||
Wacker Chemie AG | 86,247 | 12,270,386 | ||||||||
* | Wacker Neuson SE | 218,897 | 5,240,937 | |||||||
* | Washtec AG | 77,520 | 4,455,832 | |||||||
Wuestenrot & Wuerttembergische AG | 113,328 | 2,362,910 | ||||||||
Zeal Network SE | 53,361 | 2,744,793 | ||||||||
* | zooplus AG | 4,165 | 1,189,745 | |||||||
|
| |||||||||
TOTAL GERMANY | 933,937,521 | |||||||||
|
| |||||||||
GREECE (0.0%) |
| |||||||||
Alfa Alfa Energy SA | 3,810 | 0 | ||||||||
Babis Vovos International Construction SA | 21,073 | 0 | ||||||||
* | Neorion Holdings SA | 14,991 | 0 | |||||||
|
| |||||||||
TOTAL GREECE | 0 | |||||||||
|
| |||||||||
IRELAND (0.8%) |
| |||||||||
#* | AIB Group P.L.C. | 538,900 | 1,413,788 | |||||||
* | Bank of Ireland Group P.L.C. | 4,480,331 | 22,125,075 | |||||||
* | Cairn Homes P.L.C | 1,682,438 | 2,106,555 | |||||||
#* | Datalex P.L.C. | 107,125 | 61,843 | |||||||
* | FBD Holdings P.L.C. | 125,459 | 1,016,417 | |||||||
* | FBD Holdings P.L.C. | 17,353 | 141,873 | |||||||
Glanbia P.L.C. | 346,148 | 5,137,311 | ||||||||
Glanbia P.L.C. | 700,613 | 10,358,449 | ||||||||
* | Irish Continental Group P.L.C. | 586,653 | 3,036,778 | |||||||
* | Irish Continental Group P.L.C. | 234,200 | 1,174,689 | |||||||
* | Permanent TSB Group Holdings P.L.C. | 229,967 | 291,397 | |||||||
|
| |||||||||
TOTAL IRELAND | 46,864,175 | |||||||||
|
| |||||||||
ISRAEL (3.2%) |
| |||||||||
Adgar Investment and Development, Ltd. | 39,391 | 70,112 | ||||||||
# | Afcon Holdings, Ltd. | 3,064 | 135,656 | |||||||
#* | AFI Properties, Ltd. | 109,219 | 3,816,594 | |||||||
# | Africa Israel Residences, Ltd. | 2,237 | 106,415 | |||||||
* | Airport City, Ltd. | 287,717 | 4,044,768 | |||||||
Albaad Massuot Yitzhak, Ltd. | 2,031 | 44,767 | ||||||||
* | Allot, Ltd. | 188,324 | 2,947,025 | |||||||
#* | Alrov Properties and Lodgings, Ltd. | 49,397 | 2,312,238 | |||||||
# | Arad, Ltd. | 18,409 | 264,572 | |||||||
# | Ashtrom Group, Ltd. | 222,875 | 4,186,106 | |||||||
Atreyu Capital Markets, Ltd. | 2,819 | 41,761 | ||||||||
AudioCodes, Ltd. | 49,870 | 1,349,517 | ||||||||
#* | Avgol Industries 1953, Ltd. | 468,925 | 396,515 | |||||||
#* | Azorim-Investment Development & Construction Co., Ltd. | 511,227 | 1,861,164 | |||||||
#* | Bet Shemesh Engines Holdings 1997, Ltd. | 21,702 | 459,850 | |||||||
* | Big Shopping Centers, Ltd. | 33,343 | 3,597,803 | |||||||
Blue Square Real Estate, Ltd. | 36,428 | 2,525,985 | ||||||||
* | Brack Capital Properties NV | 18,347 | 1,562,068 | |||||||
#* | Brainsway, Ltd. | 54,222 | 244,371 | |||||||
#* | Camtek, Ltd. | 113,800 | 3,278,610 | |||||||
Carasso Motors, Ltd. | 127,286 | 612,395 | ||||||||
* | Cellcom Israel, Ltd. | 495,333 | 1,854,885 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ISRAEL (Continued) |
| |||||||||
#* | Ceragon Networks, Ltd. | 266,244 | $ | 1,003,740 | ||||||
* | Clal Insurance Enterprises Holdings, Ltd. | 308,932 | 5,088,733 | |||||||
#* | Compugen, Ltd. | 120,052 | 977,426 | |||||||
Danel Adir Yeoshua, Ltd. | 21,947 | 3,601,063 | ||||||||
Delek Automotive Systems, Ltd. | 226,353 | 2,767,442 | ||||||||
#* | Delek Group, Ltd. | 7,609 | 383,393 | |||||||
Delta-Galil Industries, Ltd. | 70,358 | 1,738,500 | ||||||||
Dor Alon Energy in Israel 1988, Ltd. | 15,057 | 352,496 | ||||||||
Duniec Brothers, Ltd. | 304 | 10,672 | ||||||||
# | Electra Consumer Products 1970, Ltd. | 53,953 | 2,331,416 | |||||||
# | Electra Real Estate, Ltd. | 24,849 | 201,439 | |||||||
Electra, Ltd. | 12,063 | 6,292,661 | ||||||||
* | Ellomay Capital, Ltd. | 291 | 9,290 | |||||||
#* | Enlight Renewable Energy, Ltd. | 2,350,621 | 4,406,138 | |||||||
#* | Equital, Ltd. | 117,510 | 2,854,941 | |||||||
* | FMS Enterprises Migun, Ltd. | 19,186 | 534,444 | |||||||
# | Formula Systems 1985, Ltd. | 62,881 | 5,562,023 | |||||||
# | Fox Wizel, Ltd. | 57,376 | 6,554,067 | |||||||
# | Gev-Yam Land Corp., Ltd. | 667,282 | 5,321,496 | |||||||
Gilat Satellite Networks, Ltd. | 225,761 | 2,360,709 | ||||||||
# | Hadera Paper, Ltd. | 21,885 | 1,407,153 | |||||||
#* | Hamlet Israel-Canada, Ltd. | 32,585 | 622,830 | |||||||
Harel Insurance Investments & Financial Services, Ltd. | 867,528 | 8,772,800 | ||||||||
# | Hilan, Ltd. | 100,860 | 4,783,355 | |||||||
# | IDI Insurance Co., Ltd. | 44,734 | 1,696,313 | |||||||
IES Holdings, Ltd. | 322 | 22,042 | ||||||||
# | Inrom Construction Industries, Ltd. | 359,755 | 1,776,968 | |||||||
Isracard, Ltd. | 3,448 | 11,856 | ||||||||
# | Israel Canada T.R, Ltd. | 131,507 | 374,487 | |||||||
# | Israel Land DevelopmentUrban Renewal, Ltd. | 41,747 | 464,549 | |||||||
Isras Investment Co., Ltd. | 5,655 | 1,089,719 | ||||||||
* | Issta Lines, Ltd. | 12,135 | 213,957 | |||||||
#* | Kamada, Ltd. | 212,977 | 1,302,558 | |||||||
Kenon Holdings, Ltd. | 124,381 | 3,785,238 | ||||||||
# | Kerur Holdings, Ltd. | 31,762 | 937,034 | |||||||
Klil Industries, Ltd. | 5,696 | 580,124 | ||||||||
# | Magic Software Enterprises, Ltd. | 133,913 | 2,080,495 | |||||||
# | MalamTeam, Ltd. | 3,720 | 105,025 | |||||||
Matrix IT, Ltd. | 221,443 | 5,311,180 | ||||||||
Maytronics, Ltd. | 285,819 | 5,198,754 | ||||||||
# | Mediterranean Towers, Ltd. | 407,515 | 1,132,493 | |||||||
# | Mega Or Holdings, Ltd. | 81,523 | 2,407,645 | |||||||
#* | Mehadrin, Ltd. | 3,072 | 132,382 | |||||||
# | Meitav Dash Investments, Ltd. | 125,156 | 642,425 | |||||||
Menora Mivtachim Holdings, Ltd. | 183,680 | 3,810,765 | ||||||||
* | Migdal Insurance & Financial Holdings, Ltd. | 2,542,729 | 2,945,621 | |||||||
* | Minrav Holdings, Ltd. | 263 | 55,632 | |||||||
# | Mivne Real Estate KD, Ltd. | 698,650 | 1,719,790 | |||||||
* | Mivtach Shamir Holdings, Ltd. | 24,697 | 757,895 | |||||||
Mizrahi Tefahot Bank, Ltd. | 1 | 27 | ||||||||
#* | Naphtha Israel Petroleum Corp., Ltd. | 244,337 | 1,126,577 | |||||||
Nawi Brothers, Ltd. | 116,369 | 764,726 | ||||||||
Neto ME Holdings, Ltd. | 9,545 | 465,609 | ||||||||
#* | Nova Measuring Instruments, Ltd. | 162,077 | 14,224,977 | |||||||
NR Spuntech Industries, Ltd. | 76,176 | 201,551 | ||||||||
* | Oil Refineries, Ltd. | 9,609,294 | 2,230,649 | |||||||
# | One Software Technologies, Ltd. | 2,082 | 271,266 | |||||||
#* | OPC Energy, Ltd. | 57,888 | 591,026 | |||||||
#* | Partner Communications Co., Ltd. | 806,477 | 3,907,086 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ISRAEL (Continued) |
| |||||||||
# | Paz Oil Co., Ltd. | 60,870 | $ | 5,587,826 | ||||||
* | Perion Network, Ltd. | 31,361 | 541,054 | |||||||
* | Phoenix Holdings, Ltd. (The) | 595,683 | 5,228,132 | |||||||
# | Plasson Industries, Ltd. | 20,585 | 978,973 | |||||||
* | Pluristem Therapeutics, Inc. | 3,536 | 15,913 | |||||||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 51,193 | 3,328,582 | ||||||||
Scope Metals Group, Ltd. | 47,147 | 1,175,511 | ||||||||
* | Shikun & Binui, Ltd. | 422,330 | 2,447,618 | |||||||
Shufersal, Ltd. | 399,279 | 3,284,990 | ||||||||
* | Summit Real Estate Holdings, Ltd. | 215,385 | 3,171,783 | |||||||
* | Suny Cellular Communication, Ltd. | 473,129 | 153,060 | |||||||
Tadiran Holdings, Ltd. | 15,407 | 1,619,892 | ||||||||
YH Dimri Construction & Development, Ltd. | 10,844 | 593,425 | ||||||||
|
| |||||||||
TOTAL ISRAEL | 194,116,604 | |||||||||
|
| |||||||||
ITALY (8.2%) |
| |||||||||
A2A SpA | 9,873,712 | 17,971,151 | ||||||||
ACEA SpA | 377,888 | 8,259,096 | ||||||||
#* | Aeffe SpA | 156,636 | 202,090 | |||||||
#* | Amplifon SpA | 106,318 | 3,956,160 | |||||||
Anima Holding SpA | 2,104,654 | 10,833,479 | ||||||||
#* | Aquafil SpA | 77,554 | 474,728 | |||||||
* | Arnoldo Mondadori Editore SpA | 904,095 | 1,652,269 | |||||||
Ascopiave SpA | 474,229 | 2,170,821 | ||||||||
#* | Autogrill SpA | 871,040 | 7,208,518 | |||||||
* | Autostrade Meridionali SpA | 3,917 | 120,835 | |||||||
* | Avio SpA | 104,775 | 1,507,718 | |||||||
Azimut Holding SpA | 742,592 | 16,916,335 | ||||||||
* | B&C Speakers SpA | 16,806 | 226,610 | |||||||
#* | Banca Carige SpA | 148,412 | 48,732 | |||||||
* | Banca Farmafactoring SpA | 754,049 | 5,540,878 | |||||||
* | Banca Generali SpA | 362,225 | 12,746,386 | |||||||
* | Banca IFIS SpA | 151,590 | 2,000,030 | |||||||
* | Banca Mediolanum SpA | 142,358 | 1,342,900 | |||||||
#* | Banca Monte dei Paschi di Siena SpA | 213,039 | 285,504 | |||||||
* | Banca Popolare di Sondrio SCPA | 2,843,111 | 9,511,390 | |||||||
* | Banca Profilo SpA | 1,711,765 | 486,741 | |||||||
#* | Banca Sistema SpA | 379,814 | 966,182 | |||||||
#* | Banco BPM SpA | 10,026,255 | 28,599,717 | |||||||
* | Banco di Desio e della Brianza SpA | 238,796 | 769,468 | |||||||
BasicNet SpA | 10,343 | 50,802 | ||||||||
Be Shaping The Future SpA | 533,191 | 963,788 | ||||||||
* | Biesse SpA | 58,060 | 1,664,416 | |||||||
* | BPER Banca | 6,140,387 | 13,496,829 | |||||||
* | Brunello Cucinelli SpA | 234,739 | 10,095,340 | |||||||
Buzzi Unicem SpA | 566,127 | 14,705,139 | ||||||||
* | Cairo Communication SpA | 229,086 | 423,344 | |||||||
Carel Industries SpA | 6,786 | 138,178 | ||||||||
#* | Carraro SpA | 102,068 | 289,545 | |||||||
Cementir Holding NV | 333,699 | 3,424,836 | ||||||||
* | Cerved Group SpA | 1,348,374 | 14,912,925 | |||||||
* | CIR SpA-Compagnie Industriali | 5,326,857 | 2,964,728 | |||||||
* | Credito Emiliano SpA | 539,334 | 3,148,025 | |||||||
* | Credito Valtellinese SpA | 391,012 | 5,588,683 | |||||||
* | dAmico International Shipping SA | 1,821,713 | 238,394 | |||||||
Danieli & C Officine Meccaniche SpA | 43,085 | 659,868 | ||||||||
Danieli & C Officine Meccaniche SpA | 102,606 | 2,579,974 | ||||||||
De Longhi SpA | 387,895 | 15,666,957 | ||||||||
DeA Capital SpA | 679,797 | 1,151,521 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ITALY (Continued) |
| |||||||||
* | Elica SpA | 166,709 | $ | 660,540 | ||||||
* | Emak SpA | 388,913 | 601,061 | |||||||
ERG SpA | 343,497 | 10,212,025 | ||||||||
* | Esprinet SpA | 221,349 | 2,790,728 | |||||||
#* | Eurotech SpA | 216,751 | 1,310,684 | |||||||
# | Fiera Milano SpA | 107,924 | 438,401 | |||||||
#* | Fila SpA | 142,640 | 1,689,083 | |||||||
#* | Fincantieri SpA | 3,504,948 | 2,873,527 | |||||||
# | Finmatica SpA | 5,960 | 0 | |||||||
* | FNM SpA | 1,412,345 | 1,040,114 | |||||||
* | Freni Brembo SpA | 816,977 | 10,169,421 | |||||||
#* | Gefran SpA | 35,925 | 304,863 | |||||||
#* | Geox SpA | 494,420 | 475,686 | |||||||
Gruppo MutuiOnline SpA | 164,315 | 8,657,877 | ||||||||
#* | Guala Closures SpA | 56,729 | 562,770 | |||||||
Hera SpA | 4,939,246 | 18,939,453 | ||||||||
* | Illimity Bank SpA | 43,783 | 491,144 | |||||||
* | IMMSI SpA | 965,549 | 521,796 | |||||||
#* | Intek Group SpA | 1,885,608 | 751,830 | |||||||
Interpump Group SpA | 130,995 | 6,602,092 | ||||||||
Iren SpA | 4,259,847 | 11,781,346 | ||||||||
Italgas SpA | 3,402,703 | 22,097,472 | ||||||||
Italmobiliare SpA | 76,176 | 2,562,986 | ||||||||
* | IVS Group SA | 58,424 | 388,786 | |||||||
* | Juventus Football Club SpA | 2,997,765 | 2,759,472 | |||||||
La Doria SpA | 86,202 | 1,818,459 | ||||||||
Leonardo SpA | 996,204 | 8,058,956 | ||||||||
LU-VE SpA | 5,064 | 88,502 | ||||||||
#* | Maire Tecnimont SpA | 977,846 | 2,872,522 | |||||||
#* | Mariella Burani Fashion Group S.p.A. | 22,744 | 0 | |||||||
* | Mediaset SpA | 3,709,525 | 10,664,604 | |||||||
* | Mediobanca Banca di Credito Finanziario SpA | 164,882 | 1,827,098 | |||||||
#* | Mondo TV SpA | 38,811 | 61,609 | |||||||
Openjobmetis SpA agenzia per il lavoro | 63,025 | 635,516 | ||||||||
#* | OVS SpA | 1,107,354 | 1,743,453 | |||||||
Piaggio & C SpA | 1,243,896 | 4,716,891 | ||||||||
* | Pirelli & C SpA | 2,304,139 | 13,507,922 | |||||||
#* | Prima Industrie SpA | 32,067 | 843,516 | |||||||
Prysmian SpA | 521,713 | 16,940,076 | ||||||||
RAI Way SpA | 581,655 | 3,282,020 | ||||||||
Reno de Medici SpA | 1,173,753 | 1,570,201 | ||||||||
Reply SpA | 147,531 | 18,670,779 | ||||||||
* | Rizzoli Corriere Della Sera Mediagroup SpA | 956,821 | 801,247 | |||||||
Sabaf SpA | 49,948 | 1,365,169 | ||||||||
#* | Safilo Group SpA | 233,748 | 249,439 | |||||||
# | Saipem SpA | 3,688,367 | 10,048,467 | |||||||
#* | Saras SpA | 3,470,844 | 2,351,645 | |||||||
Servizi Italia SpA | 62,874 | 169,005 | ||||||||
* | Sesa SpA | 50,391 | 6,154,633 | |||||||
#* | Societa Cattolica di Assicurazioni SC | 779,964 | 4,575,589 | |||||||
* | Sogefi SpA | 332,859 | 517,602 | |||||||
SOL SpA | 162,544 | 3,193,765 | ||||||||
Tamburi Investment Partners SpA | 801,679 | 7,121,759 | ||||||||
* | Technogym SpA | 631,612 | 7,334,570 | |||||||
# | Tenaris SA | 297,746 | 3,366,900 | |||||||
* | Tinexta S.p.A. | 122,766 | 3,253,087 | |||||||
#* | Tiscali SpA | 2,577,711 | 83,054 | |||||||
* | Tods SpA | 60,475 | 1,975,491 | |||||||
* | TXT e-solutions SpA | 43,931 | 382,262 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ITALY (Continued) |
| |||||||||
* | Unieuro SpA | 66,937 | $ | 1,698,026 | ||||||
* | Unipol Gruppo SpA | 3,109,522 | 17,320,381 | |||||||
# | UnipolSai Assicurazioni SpA | 242,919 | 729,690 | |||||||
# | Webuild SpA | 1,282,257 | 2,682,176 | |||||||
Zignago Vetro SpA | 181,037 | 3,436,855 | ||||||||
|
| |||||||||
TOTAL ITALY | 500,757,123 | |||||||||
|
| |||||||||
NETHERLANDS (6.9%) |
| |||||||||
Aalberts NV | 691,302 | 34,961,599 | ||||||||
* | Accell Group NV | 144,227 | 6,650,644 | |||||||
#* | AFC Ajax NV | 13,955 | 258,931 | |||||||
AMG Advanced Metallurgical Group NV | 184,488 | 7,388,778 | ||||||||
Amsterdam Commodities NV | 119,479 | 2,990,937 | ||||||||
APERAM SA | 341,294 | 15,344,048 | ||||||||
* | Arcadis NV | 526,518 | 21,435,438 | |||||||
ASR Nederland NV | 873,857 | 39,057,045 | ||||||||
* | Avantium N.V. | 1,640 | 11,437 | |||||||
* | Basic-Fit NV | 181,929 | 6,992,430 | |||||||
BE Semiconductor Industries NV | 476,805 | 39,828,820 | ||||||||
#* | Beter Bed Holding NV | 10,924 | 66,962 | |||||||
* | Boskalis Westminster | 600,774 | 19,301,175 | |||||||
* | Brunel International NV | 155,477 | 2,004,768 | |||||||
Corbion NV | 416,939 | 23,132,980 | ||||||||
Flow Traders | 223,910 | 9,365,880 | ||||||||
ForFarmers NV | 214,677 | 1,480,436 | ||||||||
#* | Fugro NV | 478,984 | 5,011,961 | |||||||
* | GrandVision NV | 173,216 | 5,343,072 | |||||||
* | Heijmans NV | 146,628 | 2,437,668 | |||||||
* | Hunter Douglas NV | 25,613 | 2,018,379 | |||||||
IMCD NV | 357,089 | 49,503,612 | ||||||||
* | Intertrust NV | 466,539 | 7,723,204 | |||||||
* | Kendrion NV | 96,440 | 2,473,785 | |||||||
* | Koninklijke BAM Groep NV | 1,732,479 | 4,381,393 | |||||||
#* | Lucas Bols NV | 23,064 | 297,350 | |||||||
Nedap N.V. | 33,400 | 2,411,447 | ||||||||
* | OCI NV | 327,478 | 7,062,724 | |||||||
Ordina NV | 625,125 | 2,426,881 | ||||||||
* | PostNL NV | 3,372,376 | 16,347,639 | |||||||
# | SBM Offshore NV | 1,193,312 | 21,828,000 | |||||||
* | SIF Holding NV | 34,182 | 647,947 | |||||||
* | Signify NV | 780,137 | 40,124,918 | |||||||
* | Sligro Food Group NV | 166,461 | 4,444,926 | |||||||
# | SNS NV | 705,718 | 0 | |||||||
TKH Group NV | 267,721 | 12,817,266 | ||||||||
* | TomTom NV | 483,754 | 4,464,684 | |||||||
* | Van Lanschot Kempen NV | 78,301 | 2,189,736 | |||||||
|
| |||||||||
TOTAL NETHERLANDS | 424,228,900 | |||||||||
|
| |||||||||
NORWAY (2.4%) |
| |||||||||
ABG Sundal Collier Holding ASA | 2,446,501 | 2,542,500 | ||||||||
AF Gruppen ASA | 68,590 | 1,411,226 | ||||||||
* | Akastor ASA | 797,680 | 567,089 | |||||||
#* | Aker Solutions ASA | 1,573,806 | 2,710,600 | |||||||
# | American Shipping Co. ASA | 236,690 | 849,699 | |||||||
#* | ArcticZymes Technologies ASA | 6,045 | 51,529 | |||||||
# | Arendals Fossekompani A.S. | 2,250 | 71,174 | |||||||
* | Asetek A/S | 2,229 | 21,898 | |||||||
Atea ASA | 529,509 | 8,998,247 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
NORWAY (Continued) |
| |||||||||
#* | Atlantic Sapphire ASA | 29,091 | $ | 410,054 | ||||||
Austevoll Seafood ASA | 437,677 | 5,313,192 | ||||||||
# | Avance Gas Holding, Ltd. | 393,737 | 2,192,167 | |||||||
#* | Axactor SE | 900,429 | 962,820 | |||||||
* | B2Holding ASA | 1,390,160 | 1,427,022 | |||||||
Bonheur ASA | 146,347 | 3,868,800 | ||||||||
#* | Borr Drilling Ltd. | 65,386 | 64,856 | |||||||
Borregaard ASA | 725,237 | 15,796,412 | ||||||||
Bouvet ASA | 623 | 45,956 | ||||||||
* | BW Energy, Ltd. | 205,065 | 642,561 | |||||||
BW LPG, Ltd. | 662,186 | 4,546,742 | ||||||||
BW Offshore, Ltd. | 759,145 | 3,139,060 | ||||||||
* | Crayon Group Holding ASA | 3,751 | 58,954 | |||||||
#* | DNO ASA | 3,329,878 | 3,646,788 | |||||||
Elkem ASA | 24,828 | 108,172 | ||||||||
Europris ASA | 1,186,781 | 7,111,051 | ||||||||
Fjordkraft Holding ASA | 2,390 | 19,501 | ||||||||
FLEX LNG, Ltd. | 193,381 | 1,679,192 | ||||||||
# | Frontline, Ltd. | 521,533 | 3,824,139 | |||||||
Golden Ocean Group, Ltd. | 197,708 | 1,373,226 | ||||||||
#* | Grieg Seafood ASA | 346,230 | 3,427,487 | |||||||
#* | Hexagon Composites ASA | 640,597 | 3,561,162 | |||||||
Hoegh LNG Holdings, Ltd. | 173,599 | 475,320 | ||||||||
* | IDEX Biometrics ASA | 560,544 | 170,582 | |||||||
Itera ASA | 10,713 | 18,395 | ||||||||
Kitron ASA | 10,967 | 28,273 | ||||||||
* | Kongsberg Automotive ASA | 1,743,947 | 580,935 | |||||||
Medistim ASA | 255 | 7,593 | ||||||||
#* | Nordic Nanovector ASA | 328,770 | 925,171 | |||||||
#* | Nordic Semiconductor ASA | 707,590 | 12,683,611 | |||||||
Norway Royal Salmon ASA | 92,975 | 2,213,663 | ||||||||
* | Norwegian Finans Holding ASA | 672,342 | 7,569,324 | |||||||
Norwegian Property ASA | 50,689 | 84,684 | ||||||||
* | NRC Group ASA | 6,559 | 13,207 | |||||||
# | Ocean Yield ASA | 377,896 | 1,301,876 | |||||||
* | Odfjell Drilling, Ltd. | 586,600 | 1,401,898 | |||||||
* | Odfjell SE, Class A | 137,586 | 452,767 | |||||||
* | Olav Thon Eiendomsselskap ASA | 118,760 | 2,273,337 | |||||||
#* | Otello Corp. ASA | 571,363 | 2,046,778 | |||||||
* | Panoro Energy ASA | 51,126 | 123,957 | |||||||
Pareto Bank ASA | 2,965 | 16,388 | ||||||||
#* | PGS ASA | 1,907,777 | 1,369,209 | |||||||
* | PhotoCure ASA | 22,827 | 363,587 | |||||||
#* | Protector Forsikring ASA | 438,078 | 4,589,222 | |||||||
* | REC Silicon ASA | 1,473,908 | 3,311,736 | |||||||
Sbanken ASA | 486,979 | 4,693,150 | ||||||||
Selvaag Bolig ASA | 309,083 | 2,279,237 | ||||||||
* | Solon Eiendom ASA | 56,855 | 246,167 | |||||||
SpareBank 1 SR-Bank ASA | 8,727 | 107,261 | ||||||||
Stolt-Nielsen, Ltd. | 195,297 | 2,887,792 | ||||||||
#* | Subsea 7 SA | 135,523 | 1,361,529 | |||||||
TGS NOPEC Geophysical Co. ASA | 35,570 | 565,375 | ||||||||
Treasure ASA | 314,079 | 640,025 | ||||||||
Veidekke ASA | 712,897 | 9,896,418 | ||||||||
* | Wallenius Wilhelmsen ASA | 401,589 | 1,304,275 | |||||||
Wilh Wilhelmsen Holding ASA, Class A | 68,304 | 1,463,204 | ||||||||
* | XXL ASA | 631,470 | 1,380,713 | |||||||
|
| |||||||||
TOTAL NORWAY | 149,289,935 | |||||||||
|
|
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
PORTUGAL (0.7%) |
| |||||||||
Altri SGPS SA | 537,332 | $ | 4,104,772 | |||||||
#* | Banco Comercial Portugues SA, Class R | 46,385,547 | 6,308,669 | |||||||
Banco Espirito Santo SA | 4,777,921 | 0 | ||||||||
Corticeira Amorim SGPS SA | 12,093 | 143,332 | ||||||||
* | CTT-Correios de Portugal SA | 665,115 | 2,626,662 | |||||||
Galp Energia SGPS SA | 51,035 | 591,610 | ||||||||
* | Ibersol SGPS SA | 35,043 | 223,836 | |||||||
#* | Mota-Engil SGPS SA | 641,747 | 1,059,097 | |||||||
# | Navigator Co. SA (The) | 1,820,852 | 5,949,632 | |||||||
NOS SGPS SA | 1,704,809 | 6,204,211 | ||||||||
#* | Novabase SGPS SA | 72,649 | 321,119 | |||||||
RENRedes Energeticas Nacionais SGPS SA | 3,006,659 | 8,390,997 | ||||||||
Semapa-Sociedade de Investimento e Gestao | 166,209 | 2,295,119 | ||||||||
Sonae SGPS SA | 6,383,870 | 5,819,144 | ||||||||
|
| |||||||||
TOTAL PORTUGAL | 44,038,200 | |||||||||
|
| |||||||||
SPAIN (5.5%) |
| |||||||||
Acciona SA | 130,597 | 21,944,689 | ||||||||
Acerinox SA | 1,140,518 | 14,939,442 | ||||||||
#* | Adveo Group International SA | 84,445 | 9,002 | |||||||
Alantra Partners SA | 70,405 | 1,155,775 | ||||||||
Almirall SA | 424,745 | 6,440,941 | ||||||||
#* | Amper SA | 5,396,257 | 1,328,199 | |||||||
* | Applus Services SA | 911,014 | 9,460,211 | |||||||
#* | Atresmedia Corp. de Medios de Comunicacion SA | 512,148 | 2,112,810 | |||||||
* | Azkoyen SA | 67,253 | 464,546 | |||||||
Banco de Sabadell SA | 25,441,031 | 13,641,945 | ||||||||
Bankinter SA | 3,802,314 | 26,460,397 | ||||||||
CaixaBank SA | 4,339,354 | 13,472,759 | ||||||||
#* | Caja de Ahorros del Mediterraneo | 116,412 | 0 | |||||||
Cia de Distribucion Integral Logista Holdings SA | 357,479 | 7,093,026 | ||||||||
CIE Automotive SA | 424,373 | 11,132,602 | ||||||||
Construcciones y Auxiliar de Ferrocarriles SA | 129,621 | 5,940,288 | ||||||||
* | Distribuidora Internacional de Alimentacion SA | 207,031 | 29,167 | |||||||
Ebro Foods SA | 531,944 | 10,982,165 | ||||||||
#* | eDreams ODIGEO SA | 424,956 | 2,345,197 | |||||||
Elecnor SA | 200,108 | 2,474,906 | ||||||||
Enagas SA | 625,236 | 13,611,921 | ||||||||
* | Ence Energia y Celulosa SA | 988,129 | 4,933,926 | |||||||
Ercros SA | 643,000 | 1,933,692 | ||||||||
Euskaltel SA | 548,865 | 7,144,095 | ||||||||
Faes Farma SA | 2,022,017 | 8,664,787 | ||||||||
Fluidra SA | 324,873 | 9,300,874 | ||||||||
Fomento de Construcciones y Contratas SA | 348,032 | 4,110,241 | ||||||||
* | Gestamp Automocion SA | 387,621 | 1,968,298 | |||||||
Global Dominion Access SA | 695,411 | 3,509,204 | ||||||||
Grupo Catalana Occidente SA | 271,298 | 10,810,974 | ||||||||
# | Grupo Empresarial San Jose SA | 151,317 | 1,112,629 | |||||||
#* | Grupo Ezentis SA | 1,629,459 | 817,471 | |||||||
Iberpapel Gestion SA | 47,911 | 1,071,133 | ||||||||
#* | Indra Sistemas SA | 856,710 | 7,545,624 | |||||||
Laboratorios Farmaceuticos Rovi SA | 72,954 | 3,931,659 | ||||||||
* | Liberbank SA | 12,317,710 | 4,414,212 | |||||||
Mapfre SA | 633,456 | 1,319,824 | ||||||||
* | Mediaset Espana Comunicacion SA | 1,072,499 | 6,394,327 | |||||||
* | Melia Hotels International SA | 706,277 | 5,276,731 | |||||||
* | Metrovacesa S.A. | 18,415 | 160,184 | |||||||
Miquel y Costas & Miquel SA | 142,055 | 2,568,347 | ||||||||
Neinor Homes SA | 29,907 | 368,669 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SPAIN (Continued) |
| |||||||||
#* | Obrascon Huarte Lain SA | 905,725 | $ | 673,505 | ||||||
# | Pharma Mar SA | 79,333 | 9,224,595 | |||||||
Prim SA | 39,523 | 481,980 | ||||||||
* | Promotora de Informaciones SA, Class A | 1,752,528 | 2,004,733 | |||||||
Prosegur Cash SA | 73,463 | 67,076 | ||||||||
# | Prosegur Cia de Seguridad SA | 1,584,655 | 5,046,057 | |||||||
#* | Quabit Inmobiliaria SA | 576,617 | 265,827 | |||||||
* | Realia Business SA | 1,667,905 | 1,357,425 | |||||||
* | Renta 4 Banco SA | 442 | 4,146 | |||||||
# | Sacyr SA | 2,889,691 | 7,412,050 | |||||||
#* | Solaria Energia y Medio Ambiente SA | 395,783 | 8,394,157 | |||||||
* | Solarpack Corp. Tecnologica SA | 707 | 17,367 | |||||||
* | Talgo SA | 587,102 | 2,950,110 | |||||||
#* | Tecnicas Reunidas SA | 188,993 | 2,768,086 | |||||||
* | Tubacex SA | 692,872 | 1,463,909 | |||||||
* | Unicaja Banco SA | 2,633,759 | 2,650,635 | |||||||
Vidrala SA | 123,414 | 13,573,585 | ||||||||
Viscofan SA | 280,336 | 19,376,679 | ||||||||
* | Vocento SA | 352,577 | 448,854 | |||||||
Zardoya Otis SA | 1,131,276 | 7,238,354 | ||||||||
|
| |||||||||
TOTAL SPAIN | 337,816,019 | |||||||||
|
| |||||||||
SWEDEN (8.7%) |
| |||||||||
AcadeMedia AB | 415,939 | 3,891,396 | ||||||||
* | Adapteo Oyj | 280,480 | 3,601,522 | |||||||
AddLife AB, Class B | 242,271 | 4,352,301 | ||||||||
* | AddNode Group AB | 84,843 | 2,545,796 | |||||||
AddTech AB, Class B | 1,058,674 | 15,757,464 | ||||||||
* | AF Poyry AB | 595,413 | 17,626,389 | |||||||
Alimak Group AB | 253,043 | 4,059,281 | ||||||||
* | Ambea AB | 92,436 | 767,078 | |||||||
* | Annehem Fastigheter AB, Class B | 126,142 | 388,343 | |||||||
* | Arise AB | 55,606 | 316,569 | |||||||
Arjo AB, Class B | 1,029,592 | 7,665,182 | ||||||||
Atrium Ljungberg AB, Class B | 244,368 | 4,375,437 | ||||||||
* | Attendo AB | 686,389 | 3,898,557 | |||||||
Avanza Bank Holding AB | 409,511 | 12,715,967 | ||||||||
* | Balco Group AB | 979 | 9,537 | |||||||
Beijer Alma AB | 282,919 | 5,167,946 | ||||||||
* | Beijer Electronics Group AB | 93,898 | 503,489 | |||||||
Bergman & Beving AB | 193,579 | 2,688,331 | ||||||||
Besqab AB | 21,962 | 359,068 | ||||||||
Betsson AB | 928,684 | 8,615,130 | ||||||||
* | Better Collective A/S | 13,659 | 334,202 | |||||||
* | BHG Group AB | 144,894 | 2,412,569 | |||||||
* | Bilia AB, Class A | 653,084 | 9,667,279 | |||||||
BillerudKorsnas AB | 100,759 | 1,874,125 | ||||||||
BioGaia AB, Class B | 122,544 | 5,750,136 | ||||||||
* | Biotage AB | 390,521 | 6,883,819 | |||||||
* | Bjorn Borg AB | 13,009 | 33,784 | |||||||
* | Bonava AB, Class B | 466,945 | 5,414,201 | |||||||
* | Boozt AB | 90,604 | 1,885,333 | |||||||
Bravida Holding AB | 978,791 | 13,486,807 | ||||||||
* | Bufab AB | 215,726 | 5,309,342 | |||||||
* | Bulten AB | 117,488 | 1,405,445 | |||||||
Bure Equity AB | 450,981 | 15,494,791 | ||||||||
* | Byggmax Group AB | 356,302 | 3,107,846 | |||||||
* | Calliditas Therapeutics AB, Class B | 23,655 | 330,088 | |||||||
* | Catella AB | 11,889 | 37,011 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWEDEN (Continued) |
| |||||||||
Catena AB | 152,830 | $ | 6,735,659 | |||||||
* | Catena Media P.L.C. | 51,578 | 279,771 | |||||||
* | Cavotec SA | 79,682 | 201,049 | |||||||
* | Cellavision AB | 7,826 | 290,093 | |||||||
* | Clas Ohlson AB, Class B | 155,907 | 1,670,821 | |||||||
Cloetta AB, Class B | 1,667,395 | 4,880,705 | ||||||||
* | Collector AB | 134,446 | 412,643 | |||||||
Concentric AB | 355,701 | 7,036,104 | ||||||||
* | Coor Service Management Holding AB | 270,442 | 2,197,736 | |||||||
Dios Fastigheter AB | 801,318 | 6,588,947 | ||||||||
* | Dometic Group AB | 25,003 | 363,432 | |||||||
* | Doro AB | 155,569 | 1,050,780 | |||||||
* | Duni AB | 220,953 | 2,655,103 | |||||||
# | Dustin Group AB | 436,502 | 4,456,877 | |||||||
Eastnine AB | 126,421 | 1,822,555 | ||||||||
* | Elanders AB, Class B | 54,920 | 1,080,625 | |||||||
* | Electrolux Professional AB, Class B | 101,500 | 526,591 | |||||||
#* | Eltel AB | 206,068 | 631,966 | |||||||
* | Enea AB | 102,697 | 2,674,513 | |||||||
#* | Eolus Vind AB, Class B | 22,356 | 523,637 | |||||||
eWork Group AB | 32,666 | 370,667 | ||||||||
* | Fagerhult AB | 293,570 | 1,690,013 | |||||||
FastPartner AB, Class A | 1,130 | 10,935 | ||||||||
#* | Fenix Outdoor International AG | 19,372 | 2,612,504 | |||||||
Ferronordic AB | 1,301 | 30,396 | ||||||||
* | Fingerprint Cards AB, Class B | 634,700 | 2,116,202 | |||||||
G5 Entertainment AB | 7,823 | 445,486 | ||||||||
* | GARO AB | 238 | 15,951 | |||||||
* | GHP Specialty Care AB | 8,362 | 24,300 | |||||||
* | Granges AB | 793,999 | 10,324,215 | |||||||
* | Haldex AB | 319,054 | 1,691,172 | |||||||
Heba Fastighets AB, Class B | 134,907 | 1,784,233 | ||||||||
* | Hexatronic Group AB | 16,073 | 204,408 | |||||||
Hexpol AB | 80,229 | 905,979 | ||||||||
* | HMS Networks AB | 120,248 | 3,799,910 | |||||||
#* | Hoist Finance AB | 461,349 | 2,018,716 | |||||||
* | Humana AB | 108,330 | 909,664 | |||||||
* | IAR Systems Group AB | 1,213 | 18,374 | |||||||
Instalco AB | 55,550 | 2,033,954 | ||||||||
#* | International Petroleum Corp. | 61,606 | 200,036 | |||||||
Intrum AB | 82,680 | 2,655,031 | ||||||||
INVISIO AB | 555 | 13,253 | ||||||||
* | Inwido AB | 457,409 | 7,544,919 | |||||||
# | JM AB | 497,581 | 16,832,053 | |||||||
Karnov Group AB | 11,908 | 71,192 | ||||||||
* | Kindred Group P.L.C. | 1,227,634 | 21,571,947 | |||||||
Klovern AB, Class B | 4,943,184 | 8,618,545 | ||||||||
* | KNOW IT AB | 200,518 | 6,241,248 | |||||||
Kungsleden AB | 1,438,162 | 15,030,273 | ||||||||
Lagercrantz Group AB, Class B | 1,394,313 | 12,625,091 | ||||||||
LeoVegas AB | 159,635 | 936,068 | ||||||||
Lime Technologies AB | 4,993 | 208,137 | ||||||||
Lindab International AB | 609,567 | 12,333,465 | ||||||||
Loomis AB | 353,378 | 10,737,030 | ||||||||
* | Medcap AB | 3,296 | 78,545 | |||||||
* | Medicover AB, Class B | 38,704 | 829,493 | |||||||
* | Mekonomen AB | 277,209 | 4,101,099 | |||||||
Midsona AB, Class B | 2,661 | 25,217 | ||||||||
MIPS AB | 17,916 | 1,283,206 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWEDEN (Continued) |
| |||||||||
* | Modern Times Group MTG AB, Class B | 412,810 | $ | 5,985,462 | ||||||
* | Momentum Group AB, Class B | 144,169 | 2,559,044 | |||||||
* | Munters Group AB | 1,207 | 10,016 | |||||||
Mycronic AB | 437,340 | 10,273,070 | ||||||||
NCC AB, Class B | 236,798 | 3,997,090 | ||||||||
* | Nederman Holding AB | 30,189 | 504,971 | |||||||
#* | Nelly Group AB | 70,318 | 272,061 | |||||||
* | Net Insight AB, Class B | 1,178,944 | 351,227 | |||||||
* | New Wave Group AB, Class B | 426,925 | 3,417,787 | |||||||
* | Nobia AB | 852,732 | 6,504,342 | |||||||
* | Nobina AB | 732,991 | 6,147,885 | |||||||
* | Nolato AB, Class B | 159,009 | 14,159,864 | |||||||
* | Nordic Entertainment Group AB, Class B | 70,640 | 3,141,229 | |||||||
* | Nordic Waterproofing Holding AB | 66,975 | 1,288,889 | |||||||
NP3 Fastigheter AB | 152,387 | 2,426,373 | ||||||||
* | Nyfosa AB | 1,249,698 | 12,848,723 | |||||||
* | OEM International AB, Class B | 47,898 | 1,863,384 | |||||||
* | Pandox AB | 345,074 | 5,844,718 | |||||||
* | Peab AB, Class B | 744,929 | 9,009,932 | |||||||
Platzer Fastigheter Holding AB, Class B | 250,352 | 2,973,795 | ||||||||
# | Pricer AB, Class B | 892,974 | 3,527,851 | |||||||
Proact IT Group AB | 61,875 | 2,073,914 | ||||||||
* | Qliro AB | 70,318 | 377,543 | |||||||
# | Ratos AB, Class B | 1,526,547 | 8,299,591 | |||||||
* | RaySearch Laboratories AB | 157,470 | 1,614,746 | |||||||
* | Resurs Holding AB | 670,656 | 3,668,548 | |||||||
* | Rottneros AB | 672,020 | 791,160 | |||||||
#* | SAS AB | 8,865,842 | 2,043,337 | |||||||
* | Scandi Standard AB | 397,762 | 2,885,635 | |||||||
#* | Scandic Hotels Group AB | 183,625 | 756,440 | |||||||
Sectra AB, Class B | 115,969 | 7,282,630 | ||||||||
* | Semcon AB | 118,592 | 1,356,375 | |||||||
* | Sensys Gatso Group AB | 2,498,845 | 385,892 | |||||||
#* | SkiStar AB | 321,068 | 4,394,373 | |||||||
* | Systemair AB | 90,209 | 2,429,566 | |||||||
Tethys Oil AB | 54,710 | 406,300 | ||||||||
Troax Group AB | 214,262 | 5,959,152 | ||||||||
* | VBG Group AB, Class B | 26,732 | 517,607 | |||||||
Vitec Software Group AB, Class B | 13,721 | 589,661 | ||||||||
Wihlborgs Fastigheter AB | 796,443 | 15,111,707 | ||||||||
|
| |||||||||
TOTAL SWEDEN | 529,805,985 | |||||||||
|
| |||||||||
SWITZERLAND (14.2%) |
| |||||||||
Allreal Holding AG | 115,683 | 23,304,516 | ||||||||
ALSO Holding AG | 44,564 | 12,810,540 | ||||||||
* | ams AG | 1,057,314 | 21,051,882 | |||||||
* | APG SGA SA | 8,640 | 1,995,526 | |||||||
* | Arbonia AG | 343,677 | 6,107,286 | |||||||
* | Aryzta AG | 6,038,912 | 6,672,533 | |||||||
* | Ascom Holding AG | 156,857 | 2,411,990 | |||||||
* | Autoneum Holding AG | 21,144 | 3,970,513 | |||||||
Bachem Holding AG, Class B | 4,373 | 1,872,427 | ||||||||
Baloise Holding AG | 1,875 | 318,847 | ||||||||
Banque Cantonale de Geneve | 9,528 | 1,622,775 | ||||||||
* | Banque Cantonale du Jura SA | 4,071 | 232,548 | |||||||
Banque Cantonale Vaudoise | 62,952 | 6,142,433 | ||||||||
Belimo Holding AG | 3,028 | 24,481,202 | ||||||||
Bell Food Group AG | 14,524 | 4,347,425 | ||||||||
Bellevue Group AG | 57,974 | 2,386,305 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWITZERLAND (Continued) |
| |||||||||
Berner Kantonalbank AG | 28,933 | $ | 6,521,806 | |||||||
BKW AG | 153,128 | 16,670,729 | ||||||||
Bobst Group SA | 65,642 | 4,345,659 | ||||||||
Bossard Holding AG, Class A | 43,180 | 9,473,798 | ||||||||
Bucher Industries AG | 54,197 | 27,617,062 | ||||||||
Burckhardt Compression Holding AG | 541 | 180,108 | ||||||||
Burkhalter Holding AG | 28,978 | 2,239,721 | ||||||||
* | Calida Holding AG | 32,749 | 1,268,336 | |||||||
#* | Carlo Gavazzi Holding AG | 2,982 | 606,541 | |||||||
Cembra Money Bank AG | 187,433 | 20,655,417 | ||||||||
# | Cicor Technologies, Ltd. | 14,897 | 815,816 | |||||||
Cie Financiere Tradition SA | 10,661 | 1,347,825 | ||||||||
# | Clariant AG | 301,120 | 6,075,692 | |||||||
Coltene Holding AG | 25,850 | 3,304,044 | ||||||||
Comet Holding AG | 850 | 195,018 | ||||||||
Conzzeta AG | 9,616 | 11,902,765 | ||||||||
* | COSMO Pharmaceuticals NV | 235 | 20,665 | |||||||
Daetwyler Holding AG | 12,039 | 3,585,081 | ||||||||
DKSH Holding AG | 225,777 | 17,336,014 | ||||||||
dormakaba Holding AG | 24,057 | 16,432,672 | ||||||||
#* | Dottikon Es Holding AG | 1,430 | 277,302 | |||||||
#* | Dufry AG | 399,735 | 27,274,045 | |||||||
EFG International AG | 675,982 | 5,184,618 | ||||||||
Emmi AG | 15,057 | 15,209,187 | ||||||||
Energiedienst Holding AG | 83,637 | 3,396,480 | ||||||||
#* | Evolva Holding SA | 3,349,123 | 721,187 | |||||||
* | Feintool International Holding AG | 16,000 | 1,210,297 | |||||||
* | Flughafen Zurich AG | 126,351 | 20,788,334 | |||||||
Forbo Holding AG | 8,604 | 15,618,073 | ||||||||
Galenica AG | 39,604 | 2,469,333 | ||||||||
* | GAM Holding AG | 1,195,762 | 3,155,753 | |||||||
Georg Fischer AG | 31,470 | 42,057,561 | ||||||||
Gurit Holding AG | 3,022 | 7,665,553 | ||||||||
Helvetia Holding AG | 224,235 | 26,322,447 | ||||||||
* | Hiag Immobilien Holding AG | 20,030 | 2,307,553 | |||||||
#* | HOCHDORF Holding AG | 6,697 | 427,216 | |||||||
Huber & Suhner AG | 94,378 | 7,313,059 | ||||||||
Hypothekarbank Lenzburg AG | 6 | 27,438 | ||||||||
Implenia AG | 120,182 | 3,313,938 | ||||||||
* | Ina Invest Holding AG | 25,352 | 508,062 | |||||||
Inficon Holding AG | 14,229 | 14,958,893 | ||||||||
Interroll Holding AG | 4,787 | 16,936,459 | ||||||||
Intershop Holding AG | 10,283 | 6,789,367 | ||||||||
Investis Holding SA | 3,673 | 357,093 | ||||||||
* | Jungfraubahn Holding AG | 17,432 | 2,715,118 | |||||||
Kardex Holding AG | 47,102 | 9,627,823 | ||||||||
* | Komax Holding AG | 20,789 | 5,030,126 | |||||||
# | Kudelski SA | 217,692 | 1,007,937 | |||||||
Landis & Gyr Group AG | 34,693 | 2,333,961 | ||||||||
#* | Lastminute.com NV | 23,689 | 938,812 | |||||||
LEM Holding SA | 3,808 | 7,355,531 | ||||||||
Liechtensteinische Landesbank AG | 63,994 | 3,647,361 | ||||||||
Luzerner Kantonalbank AG | 20,110 | 9,199,938 | ||||||||
#* | Meier Tobler Group AG | 45,826 | 782,610 | |||||||
Metall Zug AG | 1,082 | 2,318,159 | ||||||||
#* | Meyer Burger Technology AG | 2,931,882 | 1,344,354 | |||||||
* | Mikron Holding AG | 8,692 | 56,135 | |||||||
Mobilezone Holding AG | 279,877 | 3,653,280 | ||||||||
Mobimo Holding AG | 55,872 | 17,057,360 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
SWITZERLAND (Continued) |
| |||||||||
OC Oerlikon Corp. AG | 1,609,083 | $ | 18,622,863 | |||||||
* | Orascom Development Holding AG | 93,520 | 1,041,767 | |||||||
# | Orell Fuessli AG | 5,028 | 595,926 | |||||||
Orior AG | 37,151 | 3,282,842 | ||||||||
* | Peach Property Group AG | 556 | 29,231 | |||||||
Phoenix Mecano AG | 4,472 | 2,170,011 | ||||||||
Plazza AG, Class A | 7,122 | 2,419,834 | ||||||||
PSP Swiss Property AG | 326,804 | 39,813,879 | ||||||||
Rieter Holding AG | 20,000 | 2,692,805 | ||||||||
Romande Energie Holding SA | 2,625 | 3,405,189 | ||||||||
# | Schaffner Holding AG | 3,363 | 846,416 | |||||||
Schweiter Technologies AG | 7,099 | 11,723,018 | ||||||||
# | Schweizerische Nationalbank | 23 | 130,885 | |||||||
* | Sensirion Holding AG | 229 | 15,343 | |||||||
SFS Group AG | 124,609 | 15,506,564 | ||||||||
Siegfried Holding AG | 30,001 | 24,720,948 | ||||||||
SIG Combibloc Group AG | 302,634 | 6,992,376 | ||||||||
Softwareone Holding AG | 56,780 | 1,461,431 | ||||||||
St Galler Kantonalbank AG | 17,241 | 7,776,775 | ||||||||
Sulzer AG | 136,230 | 15,344,884 | ||||||||
Swiss Prime Site AG | 55,059 | 5,082,934 | ||||||||
#* | Swiss Steel Holding AG | 3,310,891 | 920,124 | |||||||
Swissquote Group Holding SA | 77,115 | 9,947,687 | ||||||||
Thurgauer Kantonalbank | 3,152 | 353,700 | ||||||||
#* | Tornos Holding AG | 26,632 | 205,137 | |||||||
TX Group AG | 17,190 | 1,375,881 | ||||||||
u-blox Holding AG | 42,416 | 2,748,243 | ||||||||
Valiant Holding AG | 106,532 | 11,089,432 | ||||||||
* | Valora Holding AG | 27,553 | 5,837,153 | |||||||
VAT Group AG | 195,701 | 54,780,636 | ||||||||
Vaudoise Assurances Holding SA | 6,710 | 3,419,523 | ||||||||
* | Vetropack Holding AG | 64,600 | 4,056,456 | |||||||
* | Von Roll Holding AG | 378,198 | 335,074 | |||||||
Vontobel Holding AG | 223,125 | 17,029,835 | ||||||||
VP Bank AG | 24,056 | 2,909,580 | ||||||||
VZ Holding AG | 90,005 | 7,450,023 | ||||||||
* | V-ZUG Holding AG | 10,820 | 1,275,010 | |||||||
Walliser Kantonalbank | 18,991 | 2,122,091 | ||||||||
Warteck Invest AG | 27 | 65,994 | ||||||||
Ypsomed Holding AG | 7,722 | 1,294,092 | ||||||||
Zehnder Group AG | 82,191 | 6,552,811 | ||||||||
Zug Estates Holding AG, Class B | 1,178 | 2,448,988 | ||||||||
Zuger Kantonalbank AG | 700 | 5,032,929 | ||||||||
|
| |||||||||
TOTAL SWITZERLAND | 866,607,590 | |||||||||
|
| |||||||||
UNITED STATES (0.0%) |
| |||||||||
#* | Arko Corp. | 135,431 | 1,346,595 | |||||||
|
| |||||||||
TOTAL COMMON STOCKS | 5,749,970,232 | |||||||||
|
| |||||||||
PREFERRED STOCKS (0.9%) |
| |||||||||
GERMANY (0.9%) |
| |||||||||
Biotest AG | 99,466 | 3,520,282 | ||||||||
Draegerwerk AG & Co. KGaA | 60,431 | 4,863,713 | ||||||||
Fuchs Petrolub SE | 284,114 | 13,614,534 | ||||||||
Jungheinrich AG | 366,703 | 17,649,303 | ||||||||
Sixt SE | 116,451 | 9,103,483 | ||||||||
STO SE & Co. KGaA | 13,696 | 2,538,931 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
GERMANY (Continued) |
| |||||||||
Villeroy & Boch AG | 49,772 | $ | 930,951 | |||||||
|
| |||||||||
TOTAL GERMANY |
| 52,221,197 | ||||||||
|
| |||||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||||
NORWAY (0.0%) |
| |||||||||
* | Nordic Nanovector A.S. | 15,774 | 2,232 | |||||||
|
| |||||||||
TOTAL INVESTMENT SECURITIES | 5,802,193,661 | |||||||||
|
| |||||||||
Value | ||||||||||
SECURITIES LENDING COLLATERAL (5.1%) |
| |||||||||
@ § | The DFA Short Term Investment Fund | 27,020,554 | 312,627,808 | |||||||
|
| |||||||||
TOTAL INVESTMENTS (100.0%) |
| |||||||||
(Cost $4,500,599,776) | $ | 6,114,821,469 | ||||||||
|
|
Summary of the Series investments as of March 31, 2021, 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 | ||||||||||||||||
Austria | | $ | 223,593,575 | | $ | 223,593,575 | ||||||||||
Belgium | | 210,049,708 | | 210,049,708 | ||||||||||||
Denmark | | 321,332,262 | | 321,332,262 | ||||||||||||
Finland | | 366,001,977 | | 366,001,977 | ||||||||||||
France | | 600,184,063 | | 600,184,063 | ||||||||||||
Germany | $ | 24,826,725 | 909,110,796 | | 933,937,521 | |||||||||||
Ireland | | 46,864,175 | | 46,864,175 | ||||||||||||
Israel | 1,003,740 | 193,112,864 | | 194,116,604 | ||||||||||||
Italy | | 500,757,123 | | 500,757,123 | ||||||||||||
Netherlands | | 424,228,900 | | 424,228,900 | ||||||||||||
Norway | | 149,289,935 | | 149,289,935 | ||||||||||||
Portugal | | 44,038,200 | | 44,038,200 | ||||||||||||
Spain | | 337,816,019 | | 337,816,019 | ||||||||||||
Sweden | | 529,805,985 | | 529,805,985 | ||||||||||||
Switzerland | | 866,607,590 | | 866,607,590 | ||||||||||||
United States | | 1,346,595 | | 1,346,595 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Germany | | 52,221,197 | | 52,221,197 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Norway | | 2,232 | | 2,232 | ||||||||||||
Securities Lending Collateral | | 312,627,808 | | 312,627,808 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 25,830,465 | $ | 6,088,991,004 | | $ | 6,114,821,469 | |||||||||
|
|
|
|
|
|
|
|
THE CANADIAN SMALL COMPANY SERIES
SUMMARY SCHEDULE OF PORTFOLIO HOLDINGS
March 31, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (82.9%) |
| |||||||||
COMMUNICATION SERVICES (1.2%) |
| |||||||||
* | AcuityAds Holdings, Inc. | 6,000 | $ | 77,393 | ||||||
* | Aimia, Inc. | 805,975 | 3,315,740 | |||||||
* | Cineplex, Inc. | 38,046 | 360,570 | |||||||
# | Cogeco Communications, Inc. | 55,312 | 5,193,615 | |||||||
Cogeco, Inc. | 27,419 | 2,115,280 | ||||||||
Corus Entertainment, Inc., Class B | 982,181 | 4,470,499 | ||||||||
#* | MDF Commerce, Inc. | 21,970 | 206,641 | |||||||
Quebecor, Inc., Class B | 13,600 | 365,134 | ||||||||
* | TeraGo, Inc. | 2,400 | 10,580 | |||||||
#* | WildBrain, Ltd. | 664,663 | 1,502,063 | |||||||
# | Yellow Pages, Ltd. | 105,820 | 1,033,191 | |||||||
|
| |||||||||
TOTAL COMMUNICATION SERVICES | 18,650,706 | |||||||||
|
| |||||||||
CONSUMER DISCRETIONARY (5.8%) |
| |||||||||
* | Aritzia, Inc. | 427,638 | 9,936,365 | |||||||
AutoCanada, Inc. | 139,673 | 3,400,966 | ||||||||
BMTC Group, Inc. | 20,581 | 195,214 | ||||||||
BRP, Inc. | 112,524 | 9,757,094 | ||||||||
BRP, Inc. | 4,149 | 360,631 | ||||||||
#* | Canada Goose Holdings, Inc. | 30,280 | 1,188,599 | |||||||
* | Canada Goose Holdings, Inc. | 174,608 | 6,853,364 | |||||||
* | Dorel Industries, Inc., Class B | 82,829 | 836,397 | |||||||
Exco Technologies, Ltd. | 164,124 | 1,388,269 | ||||||||
Gamehost, Inc. | 83,699 | 470,212 | ||||||||
Gildan Activewear, Inc. | 73,531 | 2,254,461 | ||||||||
* | Great Canadian Gaming Corp. | 428,062 | 14,738,794 | |||||||
* | Intertain Group, Ltd. (The) | 70,628 | 665,400 | |||||||
Leons Furniture, Ltd. | 171,679 | 3,140,686 | ||||||||
Linamar Corp. | 216,634 | 12,771,873 | ||||||||
Martinrea International, Inc. | 518,668 | 5,064,102 | ||||||||
#* | MTY Food Group, Inc. | 81,415 | 3,734,819 | |||||||
# | Park Lawn Corp. | 121,994 | 3,195,705 | |||||||
Pizza Pizza Royalty Corp. | 156,674 | 1,295,331 | ||||||||
#* | Points International, Ltd. | 50,316 | 760,726 | |||||||
* | Points International, Ltd. | 11,831 | 177,583 | |||||||
# | Pollard Banknote, Ltd. | 25,700 | 1,055,649 | |||||||
Recipe Unlimited Corp. | 76,777 | 1,242,044 | ||||||||
* | Reitmans Canada, Ltd., Class A | 125,155 | 42,824 | |||||||
# | Sleep Country Canada Holdings, Inc. | 160,435 | 4,054,600 | |||||||
* | Spin Master Corp. | 109,740 | 3,064,197 | |||||||
Uni-Select, Inc. | 193,659 | 1,397,698 | ||||||||
Zenith Capital Corp. | 111,820 | 50,638 | ||||||||
|
| |||||||||
TOTAL CONSUMER DISCRETIONARY | 93,094,241 | |||||||||
|
| |||||||||
CONSUMER STAPLES (4.5%) |
| |||||||||
* | Alcanna, Inc. | 125,550 | 774,260 | |||||||
Andrew Peller, Ltd., Class A | 168,200 | 1,449,515 | ||||||||
Corby Spirit and Wine, Ltd. | 87,267 | 1,220,085 | ||||||||
# | High Liner Foods, Inc. | 89,880 | 961,238 | |||||||
# | Jamieson Wellness, Inc. | 275,646 | 8,065,174 | |||||||
KP Tissue, Inc. | 45,700 | 396,379 | ||||||||
Lassonde Industries, Inc., Class A | 17,800 | 2,436,222 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
CONSUMER STAPLES (Continued) |
| |||||||||
Maple Leaf Foods, Inc. | 355,793 | $ | 8,111,299 | |||||||
* | Mav Beauty Brands, Inc. | 7,000 | 30,914 | |||||||
# | North West Co., Inc. (The) | 319,480 | 9,281,622 | |||||||
# | Premium Brands Holdings Corp. | 182,482 | 17,387,121 | |||||||
Primo Water Corp. | 96,682 | 1,572,049 | ||||||||
Primo Water Corp. | 813,424 | 13,249,614 | ||||||||
# | Rogers Sugar, Inc. | 712,254 | 3,105,874 | |||||||
* | SunOpta, Inc. | 291,540 | 4,310,347 | |||||||
#* | Village Farms International, Inc. | 21,817 | 288,359 | |||||||
* | Village Farms International, Inc. | 20,293 | 268,476 | |||||||
|
| |||||||||
TOTAL CONSUMER STAPLES | 72,908,548 | |||||||||
|
| |||||||||
ENERGY (15.6%) |
| |||||||||
#* | Advantage Oil & Gas, Ltd. | 918,066 | 1,731,373 | |||||||
#* | Africa Oil Corp. | 1,333,299 | 1,241,314 | |||||||
# | ARC Resources, Ltd. | 2,215,726 | 13,611,367 | |||||||
#* | Athabasca Oil Corp. | 2,177,410 | 918,300 | |||||||
* | Baytex Energy Corp. | 1 | 1 | |||||||
# | Birchcliff Energy, Ltd. | 1,289,021 | 2,677,126 | |||||||
Cameco Corp. | 209,026 | 3,466,302 | ||||||||
Cameco Corp. | 1,119,182 | 18,589,613 | ||||||||
# | Canacol Energy, Ltd. | 930,761 | 2,666,302 | |||||||
# | Cardinal Energy, Ltd. | 245,096 | 510,982 | |||||||
# | CES Energy Solutions Corp. | 1,207,291 | 1,546,700 | |||||||
Computer Modelling Group, Ltd. | 464,145 | 2,123,684 | ||||||||
# | Crescent Point Energy Corp. | 2,370,438 | 9,883,898 | |||||||
#* | Crew Energy, Inc. | 384,876 | 361,386 | |||||||
#* | Denison Mines Corp. | 2,613,375 | 2,848,988 | |||||||
# | Enerflex, Ltd. | 448,285 | 2,892,967 | |||||||
#* | Energy Fuels, Inc. | 347,960 | 1,982,487 | |||||||
# | Enerplus Corp. | 1,046,075 | 5,252,434 | |||||||
# | Ensign Energy Services, Inc. | 617,495 | 550,326 | |||||||
#* | Fission Uranium Corp. | 1,962,000 | 811,841 | |||||||
# | Freehold Royalties, Ltd. | 447,473 | 2,581,507 | |||||||
# | Frontera Energy Corp. | 244,929 | 1,249,300 | |||||||
* | Gasfrac Energy Services, Inc. | 91,560 | 0 | |||||||
# | Gibson Energy, Inc. | 940,791 | 16,671,772 | |||||||
#* | Gran Tierra Energy, Inc. | 1,826,935 | 1,279,305 | |||||||
# | Inter Pipeline, Ltd. | 885,858 | 12,667,198 | |||||||
#* | Kelt Exploration, Ltd. | 773,541 | 1,637,319 | |||||||
# | Keyera Corp. | 700,274 | 14,554,911 | |||||||
* | Lightstream Resources, Ltd. | 687,816 | 0 | |||||||
#* | MEG Energy Corp. | 2,470,617 | 12,818,034 | |||||||
# | North American Construction Group, Ltd. | 118,644 | 1,278,300 | |||||||
North American Construction Group, Ltd. | 9,342 | 100,427 | ||||||||
#* | NuVista Energy, Ltd. | 1,093,750 | 2,062,694 | |||||||
* | Obsidian Energy, Ltd. | 1 | 1 | |||||||
Ovintiv, Inc. | 218,932 | 5,221,128 | ||||||||
#* | Paramount Resources, Ltd., Class A | 332,422 | 2,690,168 | |||||||
* | Parex Resources, Inc. | 786,291 | 14,021,470 | |||||||
Parkland Corp. | 453,150 | 13,615,775 | ||||||||
Pason Systems, Inc. | 379,526 | 2,681,778 | ||||||||
# | Peyto Exploration & Development Corp. | 789,824 | 3,349,854 | |||||||
PHX Energy Services Corp. | 74,028 | 162,582 | ||||||||
Pinnacle Renewable Energy, Inc. | 43,606 | 391,056 | ||||||||
# | PrairieSky Royalty, Ltd. | 1,029,307 | 11,098,202 | |||||||
* | Precision Drilling Corp. | 67,041 | 1,448,363 | |||||||
* | Pulse Seismic, Inc. | 38,716 | 48,984 | |||||||
#* | Questerre Energy Corp., Class A | 797,460 | 117,395 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
ENERGY (Continued) |
| |||||||||
Secure Energy Services, Inc. | 723,755 | $ | 2,090,579 | |||||||
* | Seven Generations Energy, Ltd., Class A | 1,263,073 | 8,543,105 | |||||||
# | ShawCor, Ltd. | 320,715 | 1,355,134 | |||||||
* | Storm Resources, Ltd. | 5,600 | 12,165 | |||||||
# | Surge Energy, Inc. | 202,365 | 98,228 | |||||||
* | Tamarack Valley Energy, Ltd. | 1,151,040 | 2,170,737 | |||||||
TerraVest Industries, Inc. | 3,700 | 49,286 | ||||||||
* | Tervita Corp. | 46,832 | 171,794 | |||||||
# | Tidewater Midstream and Infrastructure, Ltd. | 1,197,800 | 981,725 | |||||||
* | Total Energy Services, Inc. | 208,963 | 651,815 | |||||||
* | Touchstone Exploration, Inc. | 51,500 | 70,486 | |||||||
Tourmaline Oil Corp. | 1,134,044 | 21,585,368 | ||||||||
* | TransGlobe Energy Corp. | 266,887 | 420,495 | |||||||
#* | Trican Well Service, Ltd. | 1,170,524 | 1,928,054 | |||||||
# | Vermilion Energy, Inc. | 524,924 | 3,813,604 | |||||||
Vermilion Energy, Inc. | 33,463 | 243,611 | ||||||||
# | Whitecap Resources, Inc. | 2,520,529 | 11,071,315 | |||||||
#* | Yangarra Resources, Ltd. | 323,471 | 288,285 | |||||||
|
| |||||||||
TOTAL ENERGY | 250,960,700 | |||||||||
|
| |||||||||
FINANCIALS (10.2%) |
| |||||||||
AGF Management, Ltd., Class B | 292,248 | 1,741,814 | ||||||||
# | Alaris Equity Partners Income | 173,725 | 2,198,001 | |||||||
Canaccord Genuity Group, Inc. | 444,384 | 4,066,536 | ||||||||
# | Canadian Western Bank | 456,902 | 11,630,695 | |||||||
# | Chesswood Group, Ltd. | 56,542 | 422,479 | |||||||
CI Financial Corp. | 753,001 | 10,875,283 | ||||||||
Clairvest Group, Inc. | 1,900 | 97,895 | ||||||||
ECN Capital Corp. | 2,488,693 | 15,506,061 | ||||||||
E-L Financial Corp., Ltd. | 7,178 | 5,283,401 | ||||||||
# | Element Fleet Management Corp. | 1,736,203 | 18,996,412 | |||||||
# | Equitable Group, Inc. | 53,142 | 5,336,612 | |||||||
# | Fiera Capital Corp. | 302,075 | 2,396,505 | |||||||
Firm Capital Mortgage Investment Corp. | 185,919 | 2,078,588 | ||||||||
First National Financial Corp. | 53,893 | 2,121,927 | ||||||||
# | goeasy, Ltd. | 39,839 | 3,966,147 | |||||||
#* | GoldMoney, Inc. | 125,000 | 309,342 | |||||||
Guardian Capital Group, Ltd., Class A | 88,614 | 2,080,141 | ||||||||
* | Home Capital Group, Inc. | 303,217 | 7,438,673 | |||||||
iA Financial Corp., Inc. | 346,166 | 18,821,933 | ||||||||
Kingsway Financial Services, Inc. | 13,070 | 60,777 | ||||||||
# | Laurentian Bank of Canada | 412,090 | 13,126,413 | |||||||
Onex Corp. | 212,069 | 13,189,554 | ||||||||
# | RF Capital Group, Inc. | 173,928 | 292,025 | |||||||
Sagen MI Canada Inc. | 57,858 | 2,000,422 | ||||||||
# | Sprott, Inc. | 121,492 | 4,615,271 | |||||||
Timbercreek Financial Corp. | 506,740 | 3,560,527 | ||||||||
TMX Group, Ltd. | 75,380 | 7,833,114 | ||||||||
* | Trisura Group, Ltd. | 31,411 | 2,974,634 | |||||||
|
| |||||||||
TOTAL FINANCIALS | 163,021,182 | |||||||||
|
| |||||||||
HEALTH CARE (0.9%) |
| |||||||||
* | CRH Medical Corp. | 307,088 | 1,214,472 | |||||||
#* | Cronos Group, Inc. | 252,095 | 2,384,819 | |||||||
# | Extendicare, Inc. | 498,639 | 3,055,240 | |||||||
HLS Therapeutics, Inc. | 5,300 | 82,239 | ||||||||
* | Knight Therapeutics, Inc. | 808,695 | 3,494,242 | |||||||
# | Medical Facilities Corp. | 157,139 | 910,298 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
HEALTH CARE (Continued) |
| |||||||||
* | Organigram Holdings, Inc. | 11,400 | $ | 39,461 | ||||||
# | Sienna Senior Living, Inc. | 282,531 | 3,219,419 | |||||||
* | Viemed Healthcare Inc. | 33,425 | 338,261 | |||||||
|
| |||||||||
TOTAL HEALTH CARE | 14,738,451 | |||||||||
|
| |||||||||
INDUSTRIALS (12.3%) |
| |||||||||
Aecon Group, Inc. | 270,661 | 4,184,725 | ||||||||
# | AG Growth International, Inc. | 136,123 | 4,807,145 | |||||||
#* | Air Canada | 85,511 | 1,779,353 | |||||||
# | Algoma Central Corp. | 48,800 | 667,908 | |||||||
* | ATS Automation Tooling Systems, Inc. | 441,354 | 9,296,284 | |||||||
# | Badger Daylighting, Ltd. | 143,356 | 4,890,325 | |||||||
Bird Construction, Inc. | 255,438 | 1,819,185 | ||||||||
#* | Black Diamond Group, Ltd. | 237,417 | 655,556 | |||||||
CAE, Inc. | 29,055 | 827,777 | ||||||||
Calian Group, Ltd. | 39,603 | 1,804,147 | ||||||||
CanWel Building Materials Group, Ltd. | 337,453 | 2,416,708 | ||||||||
# | Cargojet, Inc. | 6,253 | 807,263 | |||||||
Cervus Equipment Corp. | 47,197 | 593,765 | ||||||||
Dexterra Group, Inc. | 163,443 | 760,834 | ||||||||
#* | DIRTT Environmental Solutions | 273,168 | 839,046 | |||||||
Exchange Income Corp. | 56,748 | 1,817,092 | ||||||||
Finning International, Inc. | 885,513 | 22,520,089 | ||||||||
* | GDI Integrated Facility Services, Inc. | 12,500 | 525,483 | |||||||
Hardwoods Distribution, Inc. | 15,802 | 397,974 | ||||||||
* | Heroux-Devtek, Inc. | 239,845 | 3,273,129 | |||||||
#* | IBI Group, Inc. | 113,900 | 922,656 | |||||||
K-Bro Linen, Inc. | 57,753 | 1,926,938 | ||||||||
Magellan Aerospace Corp. | 112,778 | 925,682 | ||||||||
# | Morneau Shepell, Inc. | 401,948 | 10,590,036 | |||||||
# | Mullen Group, Ltd. | 376,027 | 3,644,473 | |||||||
# | NFI Group, Inc. | 265,623 | 5,914,006 | |||||||
* | Patriot One Technologies, Inc. | 120,000 | 45,357 | |||||||
Richelieu Hardware, Ltd. | 361,973 | 11,895,826 | ||||||||
Ritchie Bros Auctioneers, Inc. | 49,913 | 2,922,406 | ||||||||
Russel Metals, Inc. | 339,623 | 6,753,544 | ||||||||
# | Savaria Corp. | 184,973 | 2,580,231 | |||||||
# | SNC-Lavalin Group, Inc. | 485,756 | 10,397,737 | |||||||
# | Stantec, Inc. | 507,094 | 21,708,966 | |||||||
TFI International, Inc. | 424,407 | 31,812,795 | ||||||||
# | Toromont Industries, Ltd. | 125,548 | 9,609,662 | |||||||
# | Transcontinental, Inc., Class A | 346,473 | 6,098,498 | |||||||
# | Wajax Corp. | 99,180 | 1,566,582 | |||||||
# | Westshore Terminals Investment Corp. | 203,386 | 3,139,722 | |||||||
|
| |||||||||
TOTAL INDUSTRIALS | 197,138,905 | |||||||||
|
| |||||||||
INFORMATION TECHNOLOGY (4.3%) |
| |||||||||
# | Absolute Software Corp. | 303,292 | 4,211,383 | |||||||
* | BlackBerry, Ltd. | 977,994 | 8,202,480 | |||||||
#* | BlackBerry, Ltd. | 1,540,551 | 12,986,845 | |||||||
* | Celestica, Inc. | 36,408 | 304,735 | |||||||
* | Celestica, Inc. | 575,408 | 4,807,658 | |||||||
* | Descartes Systems Group, Inc. (The) | 19,744 | 1,204,562 | |||||||
* | Descartes Systems Group, Inc. (The) | 9,588 | 584,005 | |||||||
Enghouse Systems, Ltd. | 263,395 | 12,217,152 | ||||||||
# | Evertz Technologies, Ltd. | 146,939 | 1,700,082 | |||||||
* | EXFO, Inc. | 60,487 | 258,948 | |||||||
* | Kinaxis, Inc. | 141,544 | 16,518,535 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||||
* | Photon Control, Inc. | 447,494 | $ | 897,338 | ||||||
Quarterhill, Inc. | 575,556 | 1,177,034 | ||||||||
#* | Sierra Wireless, Inc. | 241,452 | 3,552,517 | |||||||
Vecima Networks, Inc. | 6,059 | 71,091 | ||||||||
|
| |||||||||
TOTAL INFORMATION TECHNOLOGY | 68,694,365 | |||||||||
|
| |||||||||
MATERIALS (18.6%) |
| |||||||||
#* | 5N Plus, Inc. | 414,065 | 1,515,635 | |||||||
Acadian Timber Corp. | 65,067 | 1,009,634 | ||||||||
AirBoss of America Corp. | 76,006 | 2,434,345 | ||||||||
Alamos Gold, Inc., Class A | 2,007,719 | 15,688,546 | ||||||||
# | Altius Minerals Corp. | 169,012 | 2,018,676 | |||||||
#* | Americas Gold & Silver Corp. | 86,596 | 196,387 | |||||||
* | Amerigo Resources, Ltd. | 18,200 | 13,179 | |||||||
* | Argonaut Gold, Inc. | 1,555,539 | 2,846,933 | |||||||
B2Gold Corp. | 130,208 | 561,196 | ||||||||
* | Canfor Corp. | 245,098 | 5,076,710 | |||||||
Canfor Pulp Products, Inc. | 138,951 | 984,057 | ||||||||
* | Capstone Mining Corp. | 2,456,528 | 8,092,644 | |||||||
# | Cascades, Inc. | 430,569 | 5,389,393 | |||||||
Centerra Gold, Inc. | 1,270,606 | 11,243,050 | ||||||||
#* | China Gold International Resources Corp., Ltd. | 1,488,085 | 4,002,329 | |||||||
#* | Copper Mountain Mining Corp. | 690,855 | 1,709,683 | |||||||
Dundee Precious Metals, Inc. | 810,500 | 4,946,714 | ||||||||
#* | Eldorado Gold Corp. | 664,263 | 7,178,077 | |||||||
* | Eldorado Gold Corp. | 111,244 | 1,200,323 | |||||||
# | Endeavour Mining Corp. | 966,160 | 19,473,893 | |||||||
#* | Endeavour Silver Corp. | 360,197 | 1,782,785 | |||||||
* | ERO Copper Corp. | 105,067 | 1,808,386 | |||||||
#* | First Majestic Silver Corp. | 606,133 | 9,453,499 | |||||||
#* | First Mining Gold Corp. | 749,400 | 214,676 | |||||||
#* | Fortuna Silver Mines, Inc. | 574,492 | 3,725,718 | |||||||
* | Fortuna Silver Mines, Inc. | 437,641 | 2,831,537 | |||||||
#* | Galiano Gold, Inc. | 696,057 | 792,044 | |||||||
* | GoGold Resources, Inc. | 40,000 | 74,799 | |||||||
* | Gold Standard Ventures Corp. | 10,700 | 6,386 | |||||||
#* | Golden Star Resources, Ltd. | 374,657 | 1,106,053 | |||||||
* | Great Panther Mining, Ltd. | 17,600 | 13,865 | |||||||
* | Hanfeng Evergreen, Inc. | 45,837 | 0 | |||||||
Hudbay Minerals, Inc. | 45,055 | 309,528 | ||||||||
# | Hudbay Minerals, Inc. | 1,003,501 | 6,867,278 | |||||||
* | IAMGOLD Corp. | 2,197,656 | 6,540,331 | |||||||
* | IAMGOLD Corp. | 599,837 | 1,787,514 | |||||||
#* | Imperial Metals Corp. | 346,592 | 1,238,321 | |||||||
* | Interfor Corp. | 299,241 | 6,738,697 | |||||||
Intertape Polymer Group, Inc. | 203,244 | 4,528,393 | ||||||||
#* | Ivanhoe Mines, Ltd., Class A | 2,911,597 | 14,990,079 | |||||||
# | Labrador Iron Ore Royalty Corp. | 289,259 | 8,523,324 | |||||||
* | Largo Resources, Ltd. | 57,371 | 794,348 | |||||||
#* | Lucara Diamond Corp. | 1,564,773 | 896,504 | |||||||
#* | Lundin Gold, Inc. | 86,276 | 675,544 | |||||||
Lundin Mining Corp. | 459,834 | 4,731,164 | ||||||||
#* | MAG Silver Corp. | 9,800 | 147,542 | |||||||
#* | Major Drilling Group International, Inc. | 441,505 | 2,371,416 | |||||||
* | Mandalay Resources Corp. | 464 | 719 | |||||||
#* | Marathon Gold Corp. | 147,500 | 261,737 | |||||||
# | Methanex Corp. | 140,382 | 5,179,847 | |||||||
Methanex Corp. | 55,254 | 2,033,347 | ||||||||
#* | New Gold, Inc. | 3,469,405 | 5,355,809 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
MATERIALS (Continued) |
| |||||||||
#* | Northern Dynasty Minerals, Ltd. | 76,877 | $ | 49,551 | ||||||
#* | OceanaGold Corp. | 3,272,419 | 4,869,439 | |||||||
* | Orbite Technologies, Inc. | 73,500 | 0 | |||||||
# | Osisko Gold Royalties, Ltd. | 548,849 | 6,044,458 | |||||||
#* | Osisko Mining, Inc. | 219,488 | 513,483 | |||||||
Pan American Silver Corp. | 42,818 | 1,285,825 | ||||||||
* | PolyMet Mining Corp. | 64,208 | 203,349 | |||||||
#* | Premier Gold Mines, Ltd. | 998,349 | 2,208,491 | |||||||
#* | Pretium Resources, Inc. | 293,903 | 3,047,774 | |||||||
* | Pretium Resources, Inc. | 455,178 | 4,723,101 | |||||||
* | Roxgold, Inc. | 1,208,860 | 1,490,995 | |||||||
* | Sabina Gold & Silver Corp. | 1,421,714 | 2,047,666 | |||||||
* | Sandstorm Gold, Ltd. | 792,058 | 5,376,187 | |||||||
* | Seabridge Gold, Inc. | 61,595 | 995,460 | |||||||
# | SSR Mining, Inc. | 1,130,996 | 16,172,511 | |||||||
Stelco Holdings, Inc. | 37,984 | 851,444 | ||||||||
# | Stella-Jones, Inc. | 207,304 | 8,409,611 | |||||||
* | Taseko Mines, Ltd. | 1,204,804 | 2,061,215 | |||||||
#* | Torex Gold Resources, Inc. | 381,514 | 4,817,878 | |||||||
#* | Trevali Mining Corp. | 2,559,289 | 397,120 | |||||||
* | Turquoise Hill Resources, Ltd. | 6,045 | 97,264 | |||||||
#* | Turquoise Hill Resources, Ltd. | 224,833 | 3,621,093 | |||||||
* | Wesdome Gold Mines, Ltd. | 637,024 | 4,227,564 | |||||||
West Fraser Timber Co., Ltd. | 160,144 | 11,521,115 | ||||||||
West Fraser Timber Co., Ltd. | 0 | 13 | ||||||||
# | Western Forest Products, Inc. | 1,866,235 | 2,687,901 | |||||||
# | Winpak, Ltd. | 124,683 | 4,471,602 | |||||||
Yamana Gold, Inc. | 3,304,447 | 14,356,872 | ||||||||
|
| |||||||||
TOTAL MATERIALS | 297,911,576 | |||||||||
|
| |||||||||
REAL ESTATE (3.0%) |
| |||||||||
# | Altus Group, Ltd. | 261,893 | 12,595,538 | |||||||
Bridgemarq Real Estate Services | 53,069 | 692,975 | ||||||||
Colliers International Group, Inc. | 165,544 | 16,265,913 | ||||||||
Colliers International Group, Inc. | 4,163 | 408,973 | ||||||||
DREAM Unlimited Corp., Class A | 246,187 | 4,429,289 | ||||||||
Information Services Corp. | 17,674 | 345,829 | ||||||||
# | Invesque, Inc. | 191,266 | 545,108 | |||||||
* | Mainstreet Equity Corp. | 31,349 | 2,006,117 | |||||||
Melcor Developments, Ltd. | 55,340 | 524,028 | ||||||||
Morguard Corp. | 21,982 | 2,046,546 | ||||||||
* | Real Matters, Inc. | 341,820 | 3,889,573 | |||||||
Tricon Residential, Inc. | 467,907 | 4,788,163 | ||||||||
|
| |||||||||
TOTAL REAL ESTATE | 48,538,052 | |||||||||
|
| |||||||||
UTILITIES (6.5%) |
| |||||||||
AltaGas, Ltd. | 678,375 | 11,303,551 | ||||||||
Atco, Ltd., Class I | 131,759 | 4,374,143 | ||||||||
# | Boralex, Inc., Class A | 549,954 | 17,294,646 | |||||||
# | Capital Power Corp. | 771,649 | 22,350,620 | |||||||
# | Innergex Renewable Energy, Inc. | 604,787 | 10,573,063 | |||||||
* | Just Energy Group, Inc. | 4,926 | 4,729 | |||||||
* | Maxim Power Corp. | 66,734 | 126,384 | |||||||
# | Polaris Infrastructure, Inc. | 115,463 | 1,966,188 | |||||||
# | Superior Plus Corp. | 781,510 | 8,843,059 | |||||||
# | TransAlta Corp. | 1,784,708 | 16,899,837 | |||||||
TransAlta Corp. | 16,789 | 158,824 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
UTILITIES (Continued) |
| |||||||||
# | TransAlta Renewables, Inc. | 614,934 | $ | 10,065,403 | ||||||
|
| |||||||||
TOTAL UTILITIES | 103,960,447 | |||||||||
|
| |||||||||
TOTAL COMMON STOCKS | 1,329,617,173 | |||||||||
|
| |||||||||
RIGHTS/WARRANTS (0.1%) |
| |||||||||
ENERGY (0.0%) |
| |||||||||
* | Cenovus Energy, Inc. Warrants 01/01/26 | 41,142 | 163,691 | |||||||
|
| |||||||||
MATERIALS (0.1%) |
| |||||||||
* | Pan American Silver Corp. Rights 02/22/29 | 1,876,416 | 1,632,482 | |||||||
|
| |||||||||
TOTAL RIGHTS/WARRANTS | 1,796,173 | |||||||||
|
| |||||||||
TOTAL INVESTMENT SECURITIES | 1,331,413,346 | |||||||||
|
| |||||||||
Value | ||||||||||
SECURITIES LENDING COLLATERAL (17.0%) |
| |||||||||
@§ | The DFA Short Term Investment Fund | 23,493,974 | 271,825,278 | |||||||
|
| |||||||||
TOTAL INVESTMENTS (100.0%) |
| |||||||||
(Cost $1,274,413,566)^^ | $ | 1,603,238,624 | ||||||||
|
|
Summary of the Series investments as of March 31, 2021, 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 | $ | 18,650,706 | | | $ | 18,650,706 | ||||||||||
Consumer Discretionary | 92,378,203 | $ | 716,038 | | 93,094,241 | |||||||||||
Consumer Staples | 72,908,548 | | | 72,908,548 | ||||||||||||
Energy | 250,960,700 | | | 250,960,700 | ||||||||||||
Financials | 163,021,182 | | | 163,021,182 | ||||||||||||
Health Care | 14,738,451 | | | 14,738,451 | ||||||||||||
Industrials | 197,138,905 | | | 197,138,905 | ||||||||||||
Information Technology | 68,694,365 | | | 68,694,365 | ||||||||||||
Materials | 297,911,576 | | | 297,911,576 | ||||||||||||
Real Estate | 48,538,052 | | | 48,538,052 | ||||||||||||
Utilities | 103,955,718 | 4,729 | | 103,960,447 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Energy | | 163,691 | | 163,691 | ||||||||||||
Materials | | 1,632,482 | | 1,632,482 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Lending Collateral | | 271,825,278 | | 271,825,278 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 1,328,896,406 | $ | 274,342,218 | | $ | 1,603,238,624 | |||||||||
|
|
|
|
|
|
|
|
ORGANIZATION
The DFA Investment Trust Company (the Trust) is an open-end management investment company registered under the Investment Company Act of 1940, whose shares are generally offered to institutional investors, retirement plans and clients of registered investment advisors. At March 31, 2021, the Trust consisted of eleven operational investment portfolios, of which five The Japanese Small Company Series, The Asia Pacific Small Company Series, The United Kingdom Small Company Series, The Continental Small Company Series and The Canadian Small Company Series (collectively, the Series), are included in this document.
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 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 Series 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 Series 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 procedures adopted 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 Dimensional Fund Advisors LP) 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 in the hierarchy.
The Series 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 Series are computed. Due to the time differences between the closings of the relevant foreign securities exchanges and the time the Series price their shares at the close of the NYSE, the Series 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 Series 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 Board of Trustees of the Series 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 Series uses data furnished by an independent pricing service (and that data draws upon, among other information, the market values of foreign investments). When a Series uses fair value pricing, the values assigned to the Series 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 adjust market exposure based on actual or expected cash inflows to or outflows from the Series. The Series, however, do not intend to sell futures contracts to establish short positions in individual securities. 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 record 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 exchanges clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default.
FEDERAL TAX COST
At March 31, 2021, the total cost of securities for federal income tax purposes was:
Federal Tax Cost | Unrealized Appreciation | Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
The Japanese Small Company Series | $ | 2,832,803 | | | | |||||||||||
The Asia Pacific Small Company Series | 1,674,747 | | | | ||||||||||||
The United Kingdom Small Company Series | 1,603,615 | | | | ||||||||||||
The Continental Small Company Series | 4,532,864 | | | | ||||||||||||
The Canadian Small Company Series | 1,300,419 | | | |
RECENTLY ISSUED ACCOUNTING STANDARDS
In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08 which changes the amortization period for a callable debt security from the maturity date to the earliest call date. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. The Trusts adoption of ASU 2017-08 disclosure requirements are reflected within these financial statements prepared as of October 31, 2020 and management has concluded that the change in accounting principle does not materially impact the financial statement amounts.
In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurements (ASU 2018-13). This update makes certain removals from, changes to and additions to existing disclosure requirements for fair value measurement. ASU 2018-13 does not change fair value measurements already required or permitted by existing standards. ASU 2018-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Series early adoption of all of the ASU 2018-13 disclosure requirements are reflected within these financial statements prepared as of October 31, 2020.
On July 27, 2017, the head of the United Kingdoms Financial Conduct Authority announced the intention to phase out the use of London Interbank Offered Rate (LIBOR) by the end of 2021. In the interim, there remains uncertainty regarding the impact the transition to replacement rates may have on the value of LIBOR-based investments. In March 2020, the FASB issued ASU 2020-04 which provides optional guidance to ease the potential accounting burden associated with transitioning away from the LIBOR and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. At this time, management is evaluating implications of these changes on the financial statements.
CORONAVIRUS (COVID-19) PANDEMIC
The continued worldwide spread of novel coronavirus (COVID-19) and its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business forecasts, and the associated impact on domestic and international equity markets and fixed income yields, has caused uncertainty for the global economy and financial markets. If market expectations regarding the impact of COVID-19 worsen, or if expected returns change because investors demand higher returns to invest in these uncertain times, there may be a detrimental impact on returns in the near term.
SUBSEQUENT EVENT EVALUATIONS
On November 12, 2020, President Trump issued an Executive Order titled Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies (the Order). The Order prohibits U.S. entities from participating in certain types of transactions involving securities of Chinese companies known to be associated with the Chinese military. Management is currently evaluating the Orders effect on the Series.