SA U.S. Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
FACE AMOUNT | VALUE | |||||||
CORPORATE BONDS & NOTES 13.2% |
| |||||||
Basic Material 0.1% |
| |||||||
Westlake Chemical Corp., 3.600%, 7/15/22 | $ | 500,000 | $ | 508,402 | ||||
|
| |||||||
Communications 0.7% |
| |||||||
NTT Finance Corp., 0.583%, 3/01/24 ± | 3,500,000 | 3,495,882 | ||||||
ViacomCBS, Inc., 3.700%, 8/15/24 | 351,000 | 376,746 | ||||||
|
| |||||||
3,872,628 | ||||||||
|
| |||||||
Consumer, Cyclical 1.2% |
| |||||||
Daimler Finance North America LLC, 2.700%, 6/14/24 ± | 2,000,000 | 2,098,432 | ||||||
Marriott International, Inc., 3.600%, 4/15/24 | 2,750,000 | 2,930,750 | ||||||
Toyota Motor Corp., 0.681%, 3/25/24 | 1,000,000 | 1,001,369 | ||||||
|
| |||||||
6,030,551 | ||||||||
|
| |||||||
Consumer, Non-cyclical 0.4% |
| |||||||
Cigna Corp., 3.500%, 6/15/24 | 1,000,000 | 1,068,280 | ||||||
Gilead Sciences, Inc., 3.700%, 4/01/24 | 1,001,000 | 1,069,716 | ||||||
|
| |||||||
2,137,996 | ||||||||
|
| |||||||
Energy 0.2% |
| |||||||
Schlumberger Holdings Corp., 3.750%, 5/01/24 ± | 1,000,000 | 1,068,478 | ||||||
|
| |||||||
Financial 6.0% |
| |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.875%, 8/14/24 | 3,000,000 | 3,125,666 | ||||||
Canadian Imperial Bank of Commerce, 3.100%, 4/02/24 | 4,500,000 | 4,768,570 | ||||||
Citigroup, Inc., 3.750%, 6/16/24 | 3,000,000 | 3,242,286 | ||||||
Cooperatieve Rabobank UA, 2.625%, 7/22/24 ± | 2,000,000 | 2,099,350 | ||||||
Mitsubishi UFJ Financial Group, Inc., 3.407%, 3/07/24 | 3,946,000 | 4,201,580 | ||||||
Morgan Stanley, 3.875%, 4/29/24 | 4,800,000 | 5,178,653 | ||||||
Skandinaviska Enskilda Banken AB, 0.650%, 9/09/24 ± | 1,000,000 | 996,700 | ||||||
Sumitomo Mitsui Banking Corp., 3.400%, 7/11/24 | 1,000,000 | 1,071,874 | ||||||
Sumitomo Mitsui Financial Group, Inc., 2.696%, 7/16/24 | 1,966,000 | 2,065,315 | ||||||
Sumitomo Mitsui Trust Bank Ltd., 0.850%, 3/25/24 ± | 5,000,000 | 5,012,608 | ||||||
|
| |||||||
31,762,602 | ||||||||
|
| |||||||
Government 2.9% |
| |||||||
European Investment Bank, 0.375%, 7/24/24 | 10,000,000 | 9,963,114 | ||||||
Nordic Investment Bank, 0.375%, 9/20/24 | 2,250,000 | 2,237,311 | ||||||
Svensk Exportkredit AB, 0.625%, 10/07/24 | 3,000,000 | 2,998,564 | ||||||
|
| |||||||
15,198,989 | ||||||||
|
| |||||||
Industrial 0.9% |
| |||||||
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.450%, 7/01/24 ± | 1,750,000 | 1,866,128 | ||||||
Raytheon Technologies Corp., 3.200%, 3/15/24 | 2,695,000 | 2,856,174 | ||||||
|
| |||||||
4,722,302 | ||||||||
|
|
FACE AMOUNT | VALUE | |||||||
Technology 0.8% |
| |||||||
International Business Machines Corp., 3.000%, 5/15/24 | $ | 4,000,000 | $ | 4,243,621 | ||||
|
| |||||||
TOTAL CORPORATE BONDS & NOTES (Identified Cost $69,576,995) | 69,545,569 | |||||||
|
| |||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS 86.5% |
| |||||||
U.S. Treasury Securities 86.5% |
| |||||||
U.S. Treasury Note, 0.250%, 5/15/24 | 52,000,000 | 51,746,094 | ||||||
U.S. Treasury Note, 0.250%, 6/15/24 | 54,000,000 | 53,696,250 | ||||||
U.S. Treasury Note, 0.375%, 7/15/24 | 52,500,000 | 52,352,344 | ||||||
U.S. Treasury Note, 0.375%, 8/15/24 | 52,700,000 | 52,510,609 | ||||||
U.S. Treasury Note, 0.375%, 9/15/24 | 52,750,000 | 52,519,219 | ||||||
U.S. Treasury Note, 1.250%, 8/31/24 | 50,000,000 | 51,082,031 | ||||||
U.S. Treasury Note, 1.750%, 6/30/24 | 19,000,000 | 19,670,937 | ||||||
U.S. Treasury Note, 1.875%, 8/31/24 | 43,500,000 | 45,233,203 | ||||||
U.S. Treasury Note, 2.000%, 5/31/24 | 47,500,000 | 49,455,664 | ||||||
U.S. Treasury Note, 2.375%, 8/15/24 | 25,000,000 | 26,346,680 | ||||||
|
| |||||||
454,613,031 | ||||||||
|
| |||||||
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Identified Cost $455,681,290) | 454,613,031 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS 0.2% |
| |||||||
SHARES | ||||||||
Investment Company 0.2% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 952,189 | 952,189 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $952,189) | 952,189 | |||||||
|
| |||||||
Total Investments 99.9% (Identified Cost $526,210,474) | 525,110,789 | |||||||
Cash and Other Assets, Less |
| 542,472 | ||||||
|
| |||||||
Net Assets 100.0% | $ | 525,653,261 | ||||||
|
|
| See Note 1 |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2021 amounted to $16,637,578 or 3.17% of the net assets of the Fund. |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2021
(As a percentage of total investments (excluding short-term money market investment)) (Unaudited)
Sector | Percentage | |||
Government | 89.6 | % | ||
Financial | 6.1 | % | ||
Consumer, Cyclical | 1.2 | % | ||
Industrial | 0.9 | % | ||
Technology | 0.8 | % | ||
Communications | 0.7 | % | ||
Consumer, Non-cyclical | 0.4 | % | ||
Energy | 0.2 | % | ||
Basic Materials | 0.1 | % | ||
|
| |||
100.0 | % |
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
FACE AMOUNT | VALUE | |||||||||||
BONDS & NOTES 99.4% |
| |||||||||||
Australia 9.0% |
| |||||||||||
Australia & New Zealand Banking Group Ltd., (3-mo. Swap + 0.760%), 0.784%, 1/16/25 | AUD | 7,300,000 | $ | 5,351,777 | ||||||||
Australia Government Bond, 0.250%, 11/21/25 | AUD | 6,000,000 | 4,280,060 | |||||||||
Australia Government Bond, 4.250%, 4/21/26 | AUD | 5,200,000 | 4,362,804 | |||||||||
Commonwealth Bank of Australia, 1.125%, 6/15/26 @± | USD | 11,800,000 | 11,743,028 | |||||||||
National Australia Bank Ltd., (3-mo. Swap + 0.770%), 0.796%, 1/21/25 | AUD | 3,100,000 | 2,273,488 | |||||||||
National Australia Bank Ltd., (3-mo. Swap + 0.920%), 0.933%, 6/19/24 | AUD | 2,000,000 | 1,471,296 | |||||||||
National Australia Bank Ltd., 3.375%, 1/14/26 | USD | 4,500,000 | 4,926,129 | |||||||||
New South Wales Treasury Corp., 4.000%, 5/20/26 | AUD | 16,900,000 | 13,946,547 | |||||||||
Queensland Treasury Corp., 3.250%, 7/21/26 ± | AUD | 5,300,000 | 4,252,244 | |||||||||
South Australian Government Financing Authority, 3.000%, 7/20/26 | AUD | 3,500,000 | 2,774,580 | |||||||||
Treasury Corp. of Victoria, 0.500%, 11/20/25 | AUD | 4,000,000 | 2,862,245 | |||||||||
Westpac Banking Corp., (3-mo. Swap + 0.880%), 0.896%, 8/16/24 | AUD | 1,000,000 | 735,344 | |||||||||
Westpac Banking Corp., (3-mo. Swap + 0.950%), 0.966%, 11/16/23 | AUD | 100,000 | 73,457 | |||||||||
Westpac Banking Corp., 1.150%, 6/03/26 | USD | 6,500,000 | 6,492,165 | |||||||||
Westpac Banking Corp., (3-mo. Swap + 1.140%), 1.165%, 4/24/24 | AUD | 3,000,000 | 2,218,082 | |||||||||
Westpac Banking Corp., 2.850%, 5/13/26 @ | USD | 4,300,000 | 4,626,618 | |||||||||
Westpac Banking Corp., 4.125%, 6/04/26 | AUD | 2,300,000 | 1,875,848 | |||||||||
|
| |||||||||||
74,265,712 | ||||||||||||
|
| |||||||||||
Austria 0.9% |
| |||||||||||
Oesterreichische Kontrollbank AG, 0.500%, 2/02/26 | USD | 7,500,000 | 7,353,742 | |||||||||
|
| |||||||||||
Canada 19.3% |
| |||||||||||
Canada Government International Bond, 0.750%, 5/19/26 @ | USD | 24,600,000 | 24,368,827 | |||||||||
CPPIB Capital, Inc., 0.875%, 9/09/26 @± | USD | 19,300,000 | 19,116,724 | |||||||||
Ontario Teachers Finance Trust, 0.875%, 9/21/26 ± | USD | 12,100,000 | 11,931,669 | |||||||||
Province of Alberta Canada, 2.200%, 6/01/26 | CAD | 27,100,000 | 22,224,418 | |||||||||
Province of British Columbia Canada, 0.900%, 7/20/26 | USD | 15,300,000 | 15,196,832 | |||||||||
Province of British Columbia Canada, 2.300%, 6/18/26 | CAD | 4,000,000 | 3,305,050 | |||||||||
Province of Manitoba Canada, 2.550%, 6/02/26 | CAD | 5,500,000 | 4,578,483 |
FACE AMOUNT | VALUE | |||||||||||
Province of Ontario Canada, 0.625%, 1/21/26 | USD | 9,000,000 | $ | 8,860,304 | ||||||||
Province of Ontario Canada, 1.050%, 4/14/26 | USD | 10,500,000 | 10,505,137 | |||||||||
Province of Ontario Canada, 1.350%, 9/08/26 | CAD | 2,000,000 | 1,576,785 | |||||||||
Province of Ontario Canada, 2.400%, 6/02/26 | CAD | 4,000,000 | 3,309,815 | |||||||||
Province of Quebec Canada, 2.500%, 4/20/26 | USD | 2,235,000 | 2,385,005 | |||||||||
Province of Quebec Canada, 2.500%, 9/01/26 | CAD | 14,500,000 | 12,081,994 | |||||||||
PSP Capital, Inc., 0.900%, 6/15/26 | CAD | 4,800,000 | 3,718,708 | |||||||||
PSP Capital, Inc., 1.000%, 6/29/26 ± | USD | 4,693,000 | 4,683,941 | |||||||||
Toronto-Dominion Bank (The), 0.750%, 9/11/25 @ | USD | 500,000 | 493,622 | |||||||||
Toronto-Dominion Bank (The), 0.750%, 1/06/26 @ | USD | 2,500,000 | 2,460,415 | |||||||||
Toronto-Dominion Bank (The), (3-mo. Swap + 1.000%), 1.025%, 7/10/24 | AUD | 2,000,000 | 1,471,374 | |||||||||
Toronto-Dominion Bank (The), 1.128%, 12/09/25 | CAD | 6,100,000 | 4,720,815 | |||||||||
Toronto-Dominion Bank (The), 1.200%, 6/03/26 | USD | 2,938,000 | 2,929,837 | |||||||||
|
| |||||||||||
159,919,755 | ||||||||||||
|
| |||||||||||
Denmark 0.8% |
| |||||||||||
Kommunekredit, 0.500%, 1/28/26 | USD | 6,625,000 | 6,501,676 | |||||||||
|
| |||||||||||
Finland 1.3% |
| |||||||||||
Kuntarahoitus Oyj, 0.625%, 3/20/26 | USD | 11,200,000 | 11,024,032 | |||||||||
|
| |||||||||||
France 5.8% |
| |||||||||||
Agence Francaise de Developpement EPIC, 0.625%, 1/22/26 | USD | 6,200,000 | 6,101,854 | |||||||||
Caisse dAmortissement de la Dette Sociale, 0.625%, 2/18/26 ± | USD | 880,000 | 866,774 | |||||||||
Caisse dAmortissement de la Dette Sociale, 0.625%, 2/18/26 | USD | 9,050,000 | 8,917,130 | |||||||||
Dexia Credit Local SA, 1.125%, 4/09/26 ± | USD | 400,000 | 400,557 | |||||||||
Dexia Credit Local SA, 1.125%, 4/09/26 | USD | 16,640,000 | 16,663,151 | |||||||||
SFIL SA, 0.625%, 2/09/26 | USD | 15,200,000 | 14,940,500 | |||||||||
|
| |||||||||||
47,889,966 | ||||||||||||
|
| |||||||||||
Germany 5.1% |
| |||||||||||
Kreditanstalt fuer Wiederaufbau, 0.625%, 1/22/26 | USD | 8,500,000 | 8,396,943 | |||||||||
Kreditanstalt fuer Wiederaufbau, 0.750%, 2/19/26 | CAD | 1,600,000 | 1,238,187 | |||||||||
Kreditanstalt fuer Wiederaufbau, 1.625%, 4/03/24 | NOK | 19,000,000 | 2,193,616 | |||||||||
Landwirtschaftliche Rentenbank, 0.875%, 3/30/26 @ | USD | 9,500,000 | 9,463,947 | |||||||||
Landwirtschaftliche Rentenbank, 4.250%, 1/09/25 | AUD | 3,780,000 | 3,049,443 | |||||||||
Landwirtschaftliche Rentenbank, 4.750%, 5/06/26 | AUD | 1,100,000 | 929,150 | |||||||||
NRW Bank, 0.875%, 3/09/26 | USD | 5,200,000 | 5,171,627 | |||||||||
State of North Rhine-Westphalia Germany, 1.000%, 4/21/26 | USD | 11,600,000 | 11,592,488 | |||||||||
|
| |||||||||||
42,035,401 | ||||||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
FACE AMOUNT | VALUE | |||||||||||
BONDS & NOTES (Continued) |
| |||||||||||
Netherlands 2.6% |
| |||||||||||
BNG Bank NV, 0.500%, 11/24/25 | USD | 1,268,000 | $ | 1,248,540 | ||||||||
BNG Bank NV, 0.875%, 5/18/26 ± | USD | 13,800,000 | 13,723,557 | |||||||||
BNG Bank NV, 0.875%, 5/18/26 | USD | 4,676,000 | 4,651,823 | |||||||||
BNG Bank NV, 2.375%, 3/16/26 | USD | 1,000,000 | 1,060,628 | |||||||||
Shell International Finance BV, 2.875%, 5/10/26 | USD | 600,000 | 646,271 | |||||||||
|
| |||||||||||
21,330,819 | ||||||||||||
|
| |||||||||||
New Zealand 2.2% |
| |||||||||||
Bank of New Zealand, 1.000%, 3/03/26 ± | USD | 1,604,000 | 1,578,768 | |||||||||
New Zealand Government Bond, 0.500%, 5/15/24 | NZD | 2,800,000 | 1,897,497 | |||||||||
New Zealand Government Bond, 0.500%, 5/15/26 | NZD | 14,900,000 | 9,815,847 | |||||||||
New Zealand Local Government Funding Agency Bond, 2.250%, 4/15/24 | NZD | 6,800,000 | 4,771,129 | |||||||||
|
| |||||||||||
18,063,241 | ||||||||||||
|
| |||||||||||
Norway 0.6% |
| |||||||||||
Equinor ASA, 1.750%, 1/22/26 | USD | 1,900,000 | 1,946,706 | |||||||||
Kommunalbanken AS, 0.500%, 1/13/26 | USD | 3,000,000 | 2,944,320 | |||||||||
|
| |||||||||||
4,891,026 | ||||||||||||
|
| |||||||||||
Singapore 0.2% |
| |||||||||||
Singapore Government Bond, 2.125%, 6/01/26 | SGD | 1,800,000 | 1,398,321 | |||||||||
|
| |||||||||||
Supranational 16.0% |
| |||||||||||
African Development Bank, 0.875%, 3/23/26 @ | USD | 12,950,000 | 12,899,416 | |||||||||
African Development Bank, 0.875%, 7/22/26 | USD | 9,800,000 | 9,723,893 | |||||||||
African Development Bank, 4.500%, 6/02/26 | AUD | 1,500,000 | 1,255,307 | |||||||||
Asian Development Bank, 0.500%, 2/04/26 | USD | 2,500,000 | 2,453,524 | |||||||||
Asian Development Bank, 0.500%, 5/05/26 | AUD | 5,500,000 | 3,887,022 | |||||||||
Asian Development Bank, 1.000%, 4/14/26 | USD | 17,900,000 | 17,921,070 | |||||||||
Asian Infrastructure Investment Bank (The), 0.500%, 1/27/26 | USD | 16,579,000 | 16,243,695 | |||||||||
Asian Infrastructure Investment Bank (The), 1.000%, 5/06/26 | AUD | 2,400,000 | 1,733,718 | |||||||||
European Bank for Reconstruction & Development, 0.500%, 1/28/26 @ | USD | 23,353,000 | 22,937,582 | |||||||||
European Investment Bank, 0.375%, 3/26/26 | USD | 15,575,000 | 15,198,839 |
FACE AMOUNT | VALUE | |||||||||||
Inter-American Development Bank, 0.875%, 4/20/26 | USD | 12,700,000 | $ | 12,650,621 | ||||||||
Inter-American Development Bank, 2.750%, 10/30/25 | AUD | 300,000 | 233,249 | |||||||||
Inter-American Development Bank, 4.250%, 6/11/26 | AUD | 6,000,000 | 4,981,181 | |||||||||
Inter-American Development Bank, 4.400%, 1/26/26 | CAD | 554,000 | 495,289 | |||||||||
Inter-American Development Bank, 4.750%, 8/27/24 | AUD | 5,500,000 | 4,460,026 | |||||||||
Inter-American Investment Corp., 0.625%, 2/10/26 | USD | 315,000 | 309,454 | |||||||||
International Bank for Reconstruction & Development, 0.625%, 1/14/26 | CAD | 2,600,000 | 2,000,653 | |||||||||
International Bank for Reconstruction & Development, 1.750%, 11/06/24 | NOK | 2,000,000 | 231,570 | |||||||||
International Finance Corp., 3.200%, 7/22/26 | AUD | 1,800,000 | 1,434,219 | |||||||||
Nordic Investment Bank, 1.500%, 3/13/25 | NOK | 10,000,000 | 1,146,555 | |||||||||
Nordic Investment Bank, 1.875%, 4/10/24 | NOK | 4,000,000 | 464,313 | |||||||||
|
| |||||||||||
132,661,196 | ||||||||||||
|
| |||||||||||
Sweden 1.4% |
| |||||||||||
Skandinaviska Enskilda Banken AB, 0.850%, 9/02/25 ± | USD | 500,000 | 494,780 | |||||||||
Skandinaviska Enskilda Banken AB, 1.200%, 9/09/26 @± | USD | 11,150,000 | 11,058,068 | |||||||||
|
| |||||||||||
11,552,848 | ||||||||||||
|
| |||||||||||
United States 34.2% |
| |||||||||||
Amazon.com, Inc., 1.000%, 5/12/26 @ | USD | 15,398,000 | 15,390,197 | |||||||||
Apple, Inc., 0.700%, 2/08/26 @ | USD | 2,575,000 | 2,546,447 | |||||||||
Apple, Inc., 3.250%, 2/23/26 | USD | 1,192,000 | 1,296,802 | |||||||||
Berkshire Hathaway, Inc., 3.125%, 3/15/26 | USD | 1,888,000 | 2,049,193 | |||||||||
Chevron Corp., 2.954%, 5/16/26 | USD | 2,000,000 | 2,155,173 | |||||||||
Federal National Mortgage Association, 2.125%, 4/24/26 | USD | 750,000 | 789,767 | |||||||||
Merck & Co., Inc., 0.750%, 2/24/26 | USD | 4,900,000 | 4,836,498 | |||||||||
Microsoft Corp., 3.125%, 11/03/25 | USD | 5,000,000 | 5,423,512 | |||||||||
National Securities Clearing Corp., 0.750%, 12/07/25 ± | USD | 3,855,000 | 3,799,875 | |||||||||
National Securities Clearing Corp., 0.750%, 12/07/25 | USD | 1,000,000 | 985,700 | |||||||||
Nestle Holdings, Inc., 0.625%, 1/15/26 ± | USD | 5,352,000 | 5,236,618 | |||||||||
Procter & Gamble Co. (The), 1.000%, 4/23/26 | USD | 3,654,000 | 3,659,234 | |||||||||
Roche Holdings, Inc., 0.991%, 3/05/26 ± | USD | 1,300,000 | 1,288,019 | |||||||||
Roche Holdings, Inc., 2.625%, 5/15/26 ± | USD | 300,000 | 318,293 |
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
FACE AMOUNT | VALUE | |||||||||||
BONDS & NOTES (Continued) |
| |||||||||||
United States (Continued) | ||||||||||||
U.S. Treasury Note, 0.500%, 2/28/26 | USD | 8,500,000 | $ | 8,354,902 | ||||||||
U.S. Treasury Note, 0.750%, 3/31/26 | USD | 65,000,000 | 64,531,543 | |||||||||
U.S. Treasury Note, 0.750%, 4/30/26 | USD | 11,750,000 | 11,657,285 | |||||||||
U.S. Treasury Note, 0.750%, 5/31/26 | USD | 64,000,000 | 63,442,500 | |||||||||
U.S. Treasury Note, 1.625%, 5/15/26 | USD | 33,000,000 | 34,032,539 | |||||||||
U.S. Treasury Note, 2.125%, 5/31/26 | USD | 7,000,000 | 7,380,625 | |||||||||
U.S. Treasury Note, 2.250%, 3/31/26 | USD | 28,000,000 | 29,661,406 | |||||||||
U.S. Treasury Note, 2.375%, 4/30/26 | USD | 7,000,000 | 7,458,281 | |||||||||
Visa, Inc., 3.150%, 12/14/25 | USD | 1,000,000 | 1,084,487 | |||||||||
Walmart, Inc., 1.050%, 9/17/26 @ | USD | 6,000,000 | 5,992,373 | |||||||||
|
| |||||||||||
283,371,269 | ||||||||||||
|
| |||||||||||
TOTAL BONDS & NOTES (Identified Cost $828,109,020) | 822,259,004 | |||||||||||
|
|
SHARES | ||||||||||
SHORT-TERM INVESTMENTS 4.8% |
| |||||||||
Investment Company 0.1% | ||||||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 435,704 | 435,704 | ||||||||
|
| |||||||||
Collateral For Securities On Loan 4.7% |
| |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 39,684,178 | 39,684,178 | ||||||||
|
| |||||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $40,119,882) | 40,119,882 | |||||||||
|
| |||||||||
Total Investments 104.2% |
| 862,378,886 | ||||||||
Liabilities, Less Cash and Other Assets (4.2%) |
| (34,811,985 | ) | |||||||
|
| |||||||||
Net Assets 100.0% | $ | 827,566,901 | ||||||||
|
|
| See Note 1 |
| Floating rate or variable rate note. Rate shown is as of September 30, 2021. |
@ | A portion or all of the security were held on loan. As of September 30, 2021, the market value of the securities on loan was $51,692,022. |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2021 amounted to $90,492,916 or 10.93% of the net assets of the Fund. |
Key to abbreviations:
AUD Australian Dollar
CAD Canadian Dollar
NOK Norwegian Krone
NZD New Zealand Dollar
SGD Singapore Dollar
USD U.S. Dollar
The accompanying notes are an integral part of these portfolio of investments.
SA Global Fixed Income Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
Forward Foreign Currency Exchange Contracts sold outstanding as of September 30, 2021 | ||||||||||||||||||||||||||||||
Settlement | Currency Purchased | Currency Sold | Counterparty | Total Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
10/04/21 | USD | 9,912,831 | NZD | 14,314,909 | Morgan Stanley & Co., Inc. | $ | 9,882,295 | $ | 30,536 | $ | | |||||||||||||||||||
10/04/21 | USD | 6,853,305 | NZD | 9,636,243 | State Street Bank and Trust Co. | 6,652,377 | 200,928 | | ||||||||||||||||||||||
10/05/21 | USD | 1,416,688 | SGD | 1,927,205 | State Street Bank and Trust Co. | 1,419,356 | | (2,668 | ) | |||||||||||||||||||||
10/27/21 | USD | 50,933,818 | CAD | 64,235,113 | Citibank N.A. London | 50,712,691 | 221,127 | | ||||||||||||||||||||||
10/27/21 | USD | 4,170,615 | CAD | 5,266,073 | State Street Bank and Trust Co. | 4,157,488 | 13,127 | | ||||||||||||||||||||||
10/27/21 | USD | 18,871,642 | CAD | 24,070,406 | State Street Bank and Trust Co. | 19,003,238 | | (131,596 | ) | |||||||||||||||||||||
11/03/21 | USD | 72,177,221 | AUD | 98,640,439 | Morgan Stanley & Co., Inc. | 71,320,933 | 856,288 | | ||||||||||||||||||||||
11/03/21 | USD | 322,055 | AUD | 442,271 | State Street Bank and Trust Co. | 319,780 | 2,275 | | ||||||||||||||||||||||
11/09/21 | USD | 8,192,718 | NOK | 70,590,919 | HSBC Bank USA | 8,072,954 | 119,764 | | ||||||||||||||||||||||
11/16/21 | USD | 16,378,178 | NZD | 23,864,282 | Citibank N.A. London | 16,470,144 | | (91,966 | ) | |||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
$ | 1,444,045 | $ | (226,230 | ) | ||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
Forward Foreign Currency Exchange Contracts purchased outstanding as of September 30, 2021 | ||||||||||||||||||||||||||||||
Settlement | Currency Purchased | Currency Sold | Counterparty | Total Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||||||||||||||||||
10/04/21 | NZD | 23,951,152 | USD | 16,441,747 | Citibank N.A. London | $ | 16,534,673 | $ | 92,926 | $ | | |||||||||||||||||||
10/27/21 | CAD | 13,971,726 | USD | 11,017,730 | HSBC Bank USA | 11,030,476 | 12,746 | | ||||||||||||||||||||||
10/27/21 | CAD | 3,827,134 | USD | 3,030,326 | State Street Bank and Trust Co. | 3,021,466 | | (8,860 | ) | |||||||||||||||||||||
11/03/21 | AUD | 1,274,815 | USD | 925,456 | State Street Bank and Trust Co. | 921,743 | | (3,713 | ) | |||||||||||||||||||||
11/09/21 | NOK | 20,455,812 | USD | 2,380,288 | Bank of America N.A. | 2,339,378 | | (40,910 | ) | |||||||||||||||||||||
11/09/21 | NOK | 14,513,219 | USD | 1,676,050 | State Street Bank and Trust Co. | 1,659,767 | | (16,283 | ) | |||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
$ | 105,672 | $ | (69,766 | ) | ||||||||||||||||||||||||||
|
|
|
| |||||||||||||||||||||||||||
Total |
| $ | 1,549,717 | $ | (295,996 | ) | ||||||||||||||||||||||||
|
|
|
|
The accompanying notes are an integral part of these portfolio of investments.
Country weightings as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
United States | 34.5 | % | ||
Canada | 19.5 | % | ||
Supranational | 16.1 | % | ||
Australia | 9.0 | % | ||
France | 5.8 | % | ||
Germany | 5.1 | % | ||
Netherlands | 2.6 | % | ||
New Zealand | 2.2 | % | ||
Sweden | 1.4 | % | ||
Others | 3.8 | % | ||
|
| |||
100.0 | % |
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 95.6% |
| |||||||
Aerospace & Defense 1.5% |
| |||||||
Axon Enterprise, Inc. * | 500 | $ | 87,510 | |||||
Boeing Co. (The) * | 9,496 | 2,088,550 | ||||||
BWX Technologies, Inc. | 2,913 | 156,894 | ||||||
Curtiss-Wright Corp. | 847 | 106,875 | ||||||
General Dynamics Corp. | 4,545 | 890,956 | ||||||
HEICO Corp. | 574 | 75,693 | ||||||
HEICO Corp., Class A | 1,141 | 135,129 | ||||||
HEXCEL Corp. * | 778 | 46,205 | ||||||
Howmet Aerospace, Inc. | 1,946 | 60,715 | ||||||
Huntington Ingalls Industries, Inc. | 1,027 | 198,273 | ||||||
L3Harris Technologies, Inc. | 2,258 | 497,302 | ||||||
Lockheed Martin Corp. | 6,768 | 2,335,637 | ||||||
Northrop Grumman Corp. | 3,844 | 1,384,417 | ||||||
Raytheon Technologies Corp. | 14,657 | 1,259,916 | ||||||
Textron, Inc. | 4,852 | 338,718 | ||||||
TransDigm Group, Inc. * | 1,007 | 628,942 | ||||||
|
| |||||||
10,291,732 | ||||||||
|
| |||||||
Air Freight & Logistics 0.7% |
| |||||||
CH Robinson Worldwide, Inc. | 2,800 | 243,600 | ||||||
Expeditors International of Washington, Inc. | 3,525 | 419,933 | ||||||
FedEx Corp. | 5,009 | 1,098,424 | ||||||
GXO Logistics, Inc. * | 1,934 | 151,703 | ||||||
United Parcel Service, Inc., Class B | 15,874 | 2,890,655 | ||||||
|
| |||||||
4,804,315 | ||||||||
|
| |||||||
Airlines 0.2% |
| |||||||
Alaska Air Group, Inc. * | 3,201 | 187,578 | ||||||
American Airlines Group, Inc. * | 9,642 | 197,854 | ||||||
Delta Air Lines, Inc. * | 4,487 | 191,191 | ||||||
JetBlue Airways Corp. * | 3,600 | 55,044 | ||||||
Southwest Airlines Co. * | 5,800 | 298,294 | ||||||
United Airlines Holdings, Inc. * | 2,884 | 137,192 | ||||||
|
| |||||||
1,067,153 | ||||||||
|
| |||||||
Auto Components 0.2% |
| |||||||
Aptiv PLC * | 4,280 | 637,592 | ||||||
Autoliv, Inc. | 1,465 | 125,580 | ||||||
BorgWarner, Inc. | 3,685 | 159,229 | ||||||
Fox Factory Holding Corp. * | 422 | 60,996 | ||||||
Gentex Corp. | 5,624 | 185,479 | ||||||
Lear Corp. | 1,257 | 196,695 | ||||||
|
| |||||||
1,365,571 | ||||||||
|
| |||||||
Automobiles 1.4% |
| |||||||
Ford Motor Co. * | 38,192 | 540,799 | ||||||
General Motors Co. * | 19,500 | 1,027,845 | ||||||
Harley-Davidson, Inc. | 2,235 | 81,823 | ||||||
Tesla, Inc. * | 10,040 | 7,785,819 | ||||||
Thor Industries, Inc. | 1,179 | 144,734 | ||||||
|
| |||||||
9,581,020 | ||||||||
|
| |||||||
Beverages 1.5% |
| |||||||
Boston Beer Co., Inc. (The), Class A * | 216 | 110,106 | ||||||
Brown-Forman Corp., Class A | 1,202 | 75,329 | ||||||
Brown-Forman Corp., Class B | 8,000 | 536,080 | ||||||
Coca-Cola Co. (The) | 76,728 | 4,025,918 | ||||||
Constellation Brands, Inc., Class A | 2,222 | 468,153 | ||||||
Keurig Dr Pepper, Inc. | 3,375 | 115,290 | ||||||
Molson Coors Beverage Co., Class B | 1,400 | 64,932 | ||||||
Monster Beverage Corp. * | 6,606 | 586,811 | ||||||
PepsiCo, Inc. | 32,416 | 4,875,691 | ||||||
|
| |||||||
10,858,310 | ||||||||
|
| |||||||
Biotechnology 2.0% |
| |||||||
AbbVie, Inc. | 39,827 | 4,296,139 | ||||||
Acceleron Pharma, Inc. * | 200 | 34,420 |
SHARES | VALUE | |||||||
Alkermes PLC * | 1,119 | $ | 34,510 | |||||
Alnylam Pharmaceuticals, Inc. * | 1,198 | 226,194 | ||||||
Amgen, Inc. | 14,893 | 3,166,997 | ||||||
Biogen, Inc. * | 3,365 | 952,261 | ||||||
BioMarin Pharmaceutical, Inc. * | 1,169 | 90,352 | ||||||
Bridgebio Pharma, Inc. * | 861 | 40,355 | ||||||
CRISPR Therapeutics AG * | 204 | 22,834 | ||||||
Denali Therapeutics, Inc. * | 512 | 25,830 | ||||||
Exact Sciences Corp. *@ | 1,421 | 135,635 | ||||||
Exelixis, Inc. * | 3,578 | 75,639 | ||||||
Gilead Sciences, Inc. | 23,535 | 1,643,920 | ||||||
Halozyme Therapeutics, Inc. * | 2,100 | 85,428 | ||||||
Horizon Therapeutics PLC * | 1,910 | 209,221 | ||||||
Incyte Corp. * | 2,108 | 144,988 | ||||||
Intellia Therapeutics, Inc. * | 455 | 61,038 | ||||||
Moderna, Inc. * | 2,583 | 994,093 | ||||||
Natera, Inc. * | 408 | 45,468 | ||||||
Neurocrine Biosciences, Inc. * | 608 | 58,313 | ||||||
Novavax, Inc. * | 517 | 107,179 | ||||||
Regeneron Pharmaceuticals, Inc. * | 1,543 | 933,793 | ||||||
Seagen, Inc. * | 1,365 | 231,777 | ||||||
Twist Bioscience Corp. * | 200 | 21,394 | ||||||
United Therapeutics Corp. * | 835 | 154,124 | ||||||
Vertex Pharmaceuticals, Inc. * | 2,363 | 428,625 | ||||||
|
| |||||||
14,220,527 | ||||||||
|
| |||||||
Building Products 0.7% |
| |||||||
A.O. Smith Corp. | 3,112 | 190,050 | ||||||
Advanced Drainage Systems, Inc. | 1,220 | 131,967 | ||||||
Allegion PLC | 3,064 | 404,999 | ||||||
Armstrong World Industries, Inc. | 1,390 | 132,703 | ||||||
Builders FirstSource, Inc. * | 2,521 | 130,437 | ||||||
Carlisle Cos., Inc. | 1,113 | 221,253 | ||||||
Carrier Global Corp. | 15,513 | 802,953 | ||||||
Fortune Brands Home & Security, Inc. | 2,930 | 262,001 | ||||||
Johnson Controls International PLC | 4,323 | 294,310 | ||||||
Lennox International, Inc. | 835 | 245,632 | ||||||
Masco Corp. | 4,882 | 271,195 | ||||||
Owens Corning | 2,802 | 239,571 | ||||||
Resideo Technologies, Inc. * | 1,731 | 42,911 | ||||||
Simpson Manufacturing Co., Inc. | 1,080 | 115,528 | ||||||
Trane Technologies PLC | 4,386 | 757,243 | ||||||
Trex Co., Inc. * | 3,457 | 352,372 | ||||||
UFP Industries, Inc. | 812 | 55,200 | ||||||
|
| |||||||
4,650,325 | ||||||||
|
| |||||||
Capital Markets 2.8% |
| |||||||
Affiliated Managers Group, Inc. | 600 | 90,654 | ||||||
Ameriprise Financial, Inc. | 1,870 | 493,904 | ||||||
Ares Management Corp., Class A | 1,606 | 118,571 | ||||||
Artisan Partners Asset Management, Inc., Class A | 764 | 37,375 | ||||||
Bank of New York Mellon Corp. (The) | 9,097 | 471,588 | ||||||
BlackRock, Inc. | 1,720 | 1,442,495 | ||||||
Blackstone, Inc. | 6,683 | 777,500 | ||||||
Cboe Global Markets, Inc. | 2,123 | 262,955 | ||||||
Charles Schwab Corp. (The) | 14,444 | 1,052,101 | ||||||
CME Group, Inc. | 2,477 | 479,002 | ||||||
FactSet Research Systems, Inc. | 1,171 | 462,287 | ||||||
Franklin Resources, Inc. | 4,676 | 138,971 | ||||||
Goldman Sachs Group, Inc. (The) | 3,831 | 1,448,233 | ||||||
Hamilton Lane, Inc. Class A | 723 | 61,325 | ||||||
Houlihan Lokey, Inc. | 1,466 | 135,019 | ||||||
Interactive Brokers Group, Inc., Class A | 1,683 | 104,918 | ||||||
Intercontinental Exchange, Inc. | 6,705 | 769,868 | ||||||
Invesco Ltd. | 4,344 | 104,734 | ||||||
Janus Henderson Group PLC | 1,850 | 76,460 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Capital Markets (Continued) |
| |||||||
Jefferies Financial Group, Inc. | 1,620 | $ | 60,151 | |||||
KKR & Co., Inc. | 7,268 | 442,476 | ||||||
Lazard Ltd., Class A | 1,200 | 54,960 | ||||||
LPL Financial Holdings, Inc. | 2,331 | 365,407 | ||||||
MarketAxess Holdings, Inc. | 900 | 378,621 | ||||||
Moelis & Co., Class A | 1,252 | 77,461 | ||||||
Moodys Corp. | 4,462 | 1,584,501 | ||||||
Morgan Stanley | 22,401 | 2,179,841 | ||||||
Morningstar, Inc. | 500 | 129,515 | ||||||
MSCI, Inc. | 1,585 | 964,219 | ||||||
Nasdaq, Inc. | 1,912 | 369,054 | ||||||
Northern Trust Corp. | 3,260 | 351,461 | ||||||
Raymond James Financial, Inc. | 3,195 | 294,835 | ||||||
S&P Global, Inc. | 5,432 | 2,308,002 | ||||||
SEI Investments Co. | 3,132 | 185,728 | ||||||
State Street Corp. | 1,628 | 137,924 | ||||||
Stifel Financial Corp. | 2,529 | 171,871 | ||||||
T. Rowe Price Group, Inc. | 4,878 | 959,503 | ||||||
Tradeweb Markets, Inc., Class A | 683 | 55,173 | ||||||
Virtu Financial, Inc., Class A | 1,430 | 34,935 | ||||||
|
| |||||||
19,633,598 | ||||||||
|
| |||||||
Chemicals 1.5% |
| |||||||
Air Products & Chemicals, Inc. | 3,928 | 1,006,000 | ||||||
Albemarle Corp. | 956 | 209,335 | ||||||
Ashland Global Holdings, Inc. | 970 | 86,446 | ||||||
Avient Corp. | 700 | 32,445 | ||||||
Axalta Coating Systems Ltd. * | 1,231 | 35,933 | ||||||
Balchem Corp. | 893 | 129,548 | ||||||
Celanese Corp. | 1,968 | 296,460 | ||||||
CF Industries Holdings, Inc. | 2,192 | 122,358 | ||||||
Chemours Co. (The) | 1,100 | 31,966 | ||||||
Corteva, Inc. | 5,428 | 228,410 | ||||||
Dow, Inc. | 11,163 | 642,542 | ||||||
DuPont de Nemours, Inc. | 4,000 | 271,960 | ||||||
Eastman Chemical Co. | 2,600 | 261,924 | ||||||
Ecolab, Inc. | 4,800 | 1,001,376 | ||||||
Element Solutions, Inc. | 3,000 | 65,040 | ||||||
FMC Corp. | 1,937 | 177,352 | ||||||
Huntsman Corp. | 4,705 | 139,221 | ||||||
International Flavors & Fragrances, Inc. | 2,270 | 303,544 | ||||||
Linde PLC | 5,832 | 1,710,992 | ||||||
LyondellBasell Industries NV, Class A | 6,211 | 582,902 | ||||||
Mosaic Co. (The) | 4,606 | 164,526 | ||||||
Olin Corp. | 1,800 | 86,850 | ||||||
PPG Industries, Inc. | 4,454 | 636,967 | ||||||
RPM International, Inc. | 3,184 | 247,238 | ||||||
Scotts Miracle-Gro Co. (The) | 1,264 | 184,999 | ||||||
Sensient Technologies Corp. | 340 | 30,967 | ||||||
Sherwin Williams Co. (The) | 6,715 | 1,878,387 | ||||||
Valvoline, Inc. | 2,246 | 70,030 | ||||||
Westlake Chemical Corp. | 439 | 40,011 | ||||||
|
| |||||||
10,675,729 | ||||||||
|
| |||||||
Commercial Banks 2.8% |
| |||||||
Bank of America Corp. | 70,037 | 2,973,071 | ||||||
Bank OZK | 1,661 | 71,390 | ||||||
BankUnited, Inc. | 539 | 22,541 | ||||||
BOK Financial Corp. | 300 | 26,865 | ||||||
Citigroup, Inc. | 23,305 | 1,635,545 |
SHARES | VALUE | |||||||
Citizens Financial Group, Inc. | 454 | $ | 21,329 | |||||
Comerica, Inc. | 1,832 | 147,476 | ||||||
Commerce Bancshares, Inc. | 2,163 | 150,718 | ||||||
Community Bank System, Inc. | 932 | 63,767 | ||||||
Cullen/Frost Bankers, Inc. | 532 | 63,106 | ||||||
East West Bancorp, Inc. | 2,039 | 158,104 | ||||||
Fifth Third Bancorp | 7,840 | 332,730 | ||||||
First Citizens Bancshares, Inc., Class A | 112 | 94,435 | ||||||
First Financial Bankshares, Inc. | 3,094 | 142,169 | ||||||
First Horizon Corp. | 7,194 | 117,190 | ||||||
First Republic Bank | 1,987 | 383,253 | ||||||
Glacier Bancorp, Inc. | 1,306 | 72,287 | ||||||
Hancock Whitney Corp. | 1,078 | 50,795 | ||||||
Huntington Bancshares, Inc. | 7,352 | 113,662 | ||||||
JPMorgan Chase & Co. | 43,114 | 7,057,331 | ||||||
KeyCorp | 7,104 | 153,588 | ||||||
M&T Bank Corp. | 522 | 77,955 | ||||||
Pacific Premier Bancorp, Inc. | 1,030 | 42,683 | ||||||
PacWest Bancorp | 700 | 31,724 | ||||||
Pinnacle Financial Partners, Inc. | 300 | 28,224 | ||||||
PNC Financial Services Group, Inc. (The) | 3,193 | 624,679 | ||||||
Popular, Inc. | 2,182 | 169,476 | ||||||
Prosperity Bancshares, Inc. | 1,026 | 72,979 | ||||||
Regions Financial Corp. | 9,428 | 200,911 | ||||||
ServisFirst Bancshares, Inc. | 589 | 45,824 | ||||||
Signature Bank | 385 | 104,828 | ||||||
South State Corp. | 400 | 29,868 | ||||||
Sterling Bancorp | 2,564 | 63,997 | ||||||
SVB Financial Group * | 882 | 570,548 | ||||||
Synovus Financial Corp. | 1,811 | 79,485 | ||||||
Truist Financial Corp. | 9,532 | 559,052 | ||||||
UMB Financial Corp. | 590 | 57,059 | ||||||
Umpqua Holdings Corp. | 2,800 | 56,700 | ||||||
United Bankshares, Inc. | 778 | 28,304 | ||||||
US Bancorp | 20,010 | 1,189,394 | ||||||
Valley National Bancorp | 1,602 | 21,323 | ||||||
Webster Financial Corp. | 826 | 44,984 | ||||||
Wells Fargo & Co. | 31,501 | 1,461,961 | ||||||
Western Alliance Bancorp | 2,242 | 243,974 | ||||||
Wintrust Financial Corp. | 600 | 48,222 | ||||||
Zions Bancorp NA | 2,092 | 129,474 | ||||||
|
| |||||||
19,834,980 | ||||||||
|
| |||||||
Commercial Services & Supplies 0.6% |
| |||||||
Cintas Corp. | 2,086 | 794,057 | ||||||
Clean Harbors, Inc. * | 1,200 | 124,644 | ||||||
Copart, Inc. * | 4,707 | 652,955 | ||||||
IAA, Inc. * | 3,052 | 166,548 | ||||||
MSA Safety, Inc. | 600 | 87,420 | ||||||
Republic Services, Inc. | 4,657 | 559,119 | ||||||
Rollins, Inc. | 5,929 | 209,471 | ||||||
Stericycle, Inc. * | 1,544 | 104,946 | ||||||
Tetra Tech, Inc. | 1,092 | 163,079 | ||||||
UniFirst Corp. | 477 | 101,420 | ||||||
Waste Management, Inc. | 9,583 | 1,431,317 | ||||||
|
| |||||||
4,394,976 | ||||||||
|
| |||||||
Communications Equipment 0.7% |
| |||||||
Arista Networks, Inc. * | 798 | 274,225 | ||||||
Ciena Corp. * | 2,569 | 131,918 | ||||||
Cisco Systems, Inc. | 64,788 | 3,526,411 | ||||||
F5 Networks, Inc. * | 1,022 | 203,153 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Communications Equipment (Continued) |
| |||||||
Juniper Networks, Inc. | 4,954 | $ | 136,334 | |||||
Lumentum Holdings, Inc. *@ | 1,528 | 127,649 | ||||||
Motorola Solutions, Inc. | 2,888 | 670,940 | ||||||
Ubiquiti, Inc. | 275 | 82,135 | ||||||
Viavi Solutions, Inc. * | 1,500 | 23,610 | ||||||
|
| |||||||
5,176,375 | ||||||||
|
| |||||||
Computers & Peripherals 7.1% |
| |||||||
Apple, Inc. | 335,928 | 47,533,812 | ||||||
Dell Technologies, Inc., Class C * | 6,259 | 651,186 | ||||||
Hewlett Packard Enterprise Co. | 9,599 | 136,786 | ||||||
HP, Inc. | 20,589 | 563,315 | ||||||
NetApp, Inc. | 6,481 | 581,735 | ||||||
Seagate Technology Holdings PLC | 6,304 | 520,206 | ||||||
Western Digital Corp. * | 3,176 | 179,253 | ||||||
Xerox Holdings Corp. | 901 | 18,173 | ||||||
|
| |||||||
50,184,466 | ||||||||
|
| |||||||
Construction & Engineering 0.1% |
| |||||||
AECOM * | 1,355 | 85,568 | ||||||
API Group Corp. ±* | 1,855 | 37,749 | ||||||
EMCOR Group, Inc. | 1,400 | 161,532 | ||||||
MasTec, Inc. * | 1,700 | 146,676 | ||||||
Quanta Services, Inc. | 2,721 | 309,704 | ||||||
Valmont Industries, Inc. | 200 | 47,024 | ||||||
WillScot Mobile Mini Holdings Corp. * | 1,927 | 61,125 | ||||||
|
| |||||||
849,378 | ||||||||
|
| |||||||
Construction Materials 0.1% |
| |||||||
Eagle Materials, Inc. | 880 | 115,421 | ||||||
Martin Marietta Materials, Inc. | 664 | 226,875 | ||||||
Summit Materials, Inc., Class A * | 1,470 | 46,996 | ||||||
Vulcan Materials Co. | 1,851 | 313,115 | ||||||
|
| |||||||
702,407 | ||||||||
|
| |||||||
Consumer Finance 0.6% |
| |||||||
Ally Financial, Inc. | 4,715 | 240,701 | ||||||
American Express Co. | 12,759 | 2,137,515 | ||||||
Capital One Financial Corp. | 4,875 | 789,604 | ||||||
Credit Acceptance Corp. * | 284 | 166,225 | ||||||
Discover Financial Services | 6,077 | 746,560 | ||||||
Navient Corp. | 1,900 | 37,487 | ||||||
OneMain Holdings, Inc. | 900 | 49,797 | ||||||
SLM Corp. | 3,100 | 54,560 | ||||||
Synchrony Financial | 6,557 | 320,506 | ||||||
|
| |||||||
4,542,955 | ||||||||
|
| |||||||
Containers & Packaging 0.5% |
| |||||||
Amcor PLC | 13,861 | 160,649 | ||||||
AptarGroup, Inc. | 1,483 | 176,996 | ||||||
Avery Dennison Corp. | 2,232 | 462,493 | ||||||
Ball Corp. | 6,941 | 624,482 | ||||||
Berry Global Group, Inc. * | 3,918 | 238,528 | ||||||
Crown Holdings, Inc. | 3,693 | 372,181 | ||||||
Graphic Packaging Holding Co. | 6,877 | 130,938 | ||||||
International Paper Co. | 5,869 | 328,194 | ||||||
Packaging Corp. of America | 2,228 | 306,216 | ||||||
Sealed Air Corp. | 3,059 | 167,603 | ||||||
Silgan Holdings, Inc. | 2,057 | 78,906 | ||||||
Sonoco Products Co. | 1,933 | 115,168 | ||||||
WestRock Co. | 1,629 | 81,173 | ||||||
|
| |||||||
3,243,527 | ||||||||
|
| |||||||
Distributors 0.2% |
| |||||||
Genuine Parts Co. | 2,179 | 264,160 | ||||||
LKQ Corp. * | 5,410 | 272,231 | ||||||
Pool Corp. | 1,226 | 532,587 | ||||||
|
| |||||||
1,068,978 | ||||||||
|
|
SHARES | VALUE | |||||||
Diversified Consumer Services 0.1% |
| |||||||
Bright Horizons Family Solutions, Inc. * | 639 | $ | 89,089 | |||||
Chegg, Inc. *@ | 1,444 | 98,221 | ||||||
Frontdoor, Inc. * | 420 | 17,598 | ||||||
Grand Canyon Education, Inc. * | 834 | 73,359 | ||||||
Service Corp. International | 4,767 | 287,259 | ||||||
Terminix Global Holdings, Inc. * | 3,309 | 137,886 | ||||||
|
| |||||||
703,412 | ||||||||
|
| |||||||
Diversified Financial Services 0.7% |
| |||||||
Berkshire Hathaway, Inc., Class B * | 16,977 | 4,633,702 | ||||||
Equitable Holdings, Inc. | 5,987 | 177,455 | ||||||
Voya Financial, Inc. | 1,519 | 93,252 | ||||||
|
| |||||||
4,904,409 | ||||||||
|
| |||||||
Diversified Telecommunication Services 1.1% |
| |||||||
AT&T, Inc. | 80,502 | 2,174,359 | ||||||
Iridium Communications, Inc. * | 3,043 | 121,264 | ||||||
Lumen Technologies, Inc. | 12,123 | 150,204 | ||||||
Verizon Communications, Inc. | 99,340 | 5,365,353 | ||||||
|
| |||||||
7,811,180 | ||||||||
|
| |||||||
Electric Utilities 1.5% |
| |||||||
Alliant Energy Corp. | 4,621 | 258,684 | ||||||
American Electric Power Co., Inc. | 9,384 | 761,793 | ||||||
Avangrid, Inc. | 1,433 | 69,644 | ||||||
Duke Energy Corp. | 13,908 | 1,357,282 | ||||||
Edison International | 6,635 | 368,044 | ||||||
Entergy Corp. | 2,869 | 284,920 | ||||||
Evergy, Inc. | 3,652 | 227,154 | ||||||
Eversource Energy | 6,457 | 527,924 | ||||||
Exelon Corp. | 16,734 | 808,922 | ||||||
FirstEnergy Corp. | 8,176 | 291,229 | ||||||
Hawaiian Electric Industries, Inc. | 2,245 | 91,663 | ||||||
IDACORP, Inc. | 647 | 66,887 | ||||||
NextEra Energy, Inc. | 38,077 | 2,989,806 | ||||||
NRG Energy, Inc. | 6,256 | 255,433 | ||||||
OGE Energy Corp. | 3,314 | 109,229 | ||||||
PG&E Corp. * | 2,100 | 20,160 | ||||||
Pinnacle West Capital Corp. | 1,978 | 143,128 | ||||||
PNM Resources, Inc. | 2,100 | 103,908 | ||||||
Portland General Electric Co. | 1,411 | 66,303 | ||||||
PPL Corp. | 9,200 | 256,496 | ||||||
Southern Co. (The) | 19,320 | 1,197,260 | ||||||
Xcel Energy, Inc. | 9,222 | 576,375 | ||||||
|
| |||||||
10,832,244 | ||||||||
|
| |||||||
Electrical Equipment 0.6% |
| |||||||
Acuity Brands, Inc. | 1,000 | 173,370 | ||||||
AMETEK, Inc. | 3,933 | 487,731 | ||||||
Eaton Corp. PLC | 6,023 | 899,294 | ||||||
Emerson Electric Co. | 9,630 | 907,146 | ||||||
Generac Holdings, Inc. * | 1,183 | 483,457 | ||||||
Hubbell, Inc. | 1,149 | 207,590 | ||||||
nVent Electric PLC | 2,290 | 74,036 | ||||||
Plug Power, Inc. * | 670 | 17,112 | ||||||
Regal Beloit Corp. | 967 | 145,379 | ||||||
Rockwell Automation, Inc. | 3,233 | 950,631 | ||||||
Sensata Technologies Holding PLC * | 2,621 | 143,421 | ||||||
|
| |||||||
4,489,167 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components 0.7% |
| |||||||
Amphenol Corp., Class A | 12,045 | 882,055 | ||||||
Arrow Electronics, Inc. * | 830 | 93,201 | ||||||
Avnet, Inc. | 944 | 34,900 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Electronic Equipment, Instruments & Components (Continued) |
| |||||||
CDW Corp. | 3,882 | $ | 706,602 | |||||
Cognex Corp. | 1,711 | 137,256 | ||||||
Corning, Inc. | 8,949 | 326,549 | ||||||
Fabrinet * | 300 | 30,753 | ||||||
Flex Ltd. * | 7,316 | 129,347 | ||||||
II-VI, Inc. *@ | 900 | 53,424 | ||||||
IPG Photonics Corp. * | 471 | 74,606 | ||||||
Jabil, Inc. | 3,689 | 215,327 | ||||||
Keysight Technologies, Inc. * | 3,226 | 530,000 | ||||||
Littelfuse, Inc. | 380 | 103,843 | ||||||
National Instruments Corp. | 1,428 | 56,020 | ||||||
Novanta, Inc. * | 661 | 102,125 | ||||||
SYNNEX Corp. | 1,139 | 118,570 | ||||||
TE Connectivity Ltd. | 3,575 | 490,561 | ||||||
Teledyne Technologies, Inc. * | 799 | 343,234 | ||||||
Trimble, Inc. * | 2,830 | 232,768 | ||||||
Vontier Corp. | 2,967 | 99,691 | ||||||
Zebra Technologies Corp., Class A * | 919 | 473,671 | ||||||
|
| |||||||
5,234,503 | ||||||||
|
| |||||||
Energy Equipment & Services 0.1% |
| |||||||
Baker Hughes Co. | 3,464 | 85,665 | ||||||
ChampionX Corp. * | 1,200 | 26,832 | ||||||
Halliburton Co. | 8,047 | 173,976 | ||||||
NOV, Inc. * | 4,002 | 52,466 | ||||||
Schlumberger NV | 15,566 | 461,376 | ||||||
|
| |||||||
800,315 | ||||||||
|
| |||||||
Entertainment 1.4% |
| |||||||
Activision Blizzard, Inc. | 9,560 | 739,848 | ||||||
Electronic Arts, Inc. | 2,838 | 403,706 | ||||||
Liberty Media Corp-Liberty Formula One, Class A * | 315 | 14,821 | ||||||
Liberty Media Corp. - Liberty Formula One, Class C * | 2,102 | 108,064 | ||||||
Live Nation Entertainment, Inc. * | 2,466 | 224,727 | ||||||
Netflix, Inc. * | 6,961 | 4,248,577 | ||||||
Roku, Inc. * | 866 | 271,361 | ||||||
Spotify Technology SA * | 457 | 102,980 | ||||||
Take-Two Interactive Software, Inc. * | 1,964 | 302,593 | ||||||
Walt Disney Co. (The) * | 18,097 | 3,061,469 | ||||||
World Wrestling Entertainment, Inc., Class A | 849 | 47,765 | ||||||
Zynga, Inc., Class A * | 10,858 | 81,761 | ||||||
|
| |||||||
9,607,672 | ||||||||
|
| |||||||
Food & Staples Retailing 1.5% |
| |||||||
BJs Wholesale Club Holdings, Inc. * | 2,341 | 128,568 | ||||||
Caseys General Stores, Inc. | 986 | 185,812 | ||||||
Costco Wholesale Corp. | 8,735 | 3,925,072 | ||||||
Kroger Co. (The) | 17,571 | 710,395 | ||||||
Performance Food Group Co. * | 1,336 | 62,071 | ||||||
Sysco Corp. | 11,546 | 906,361 | ||||||
US Foods Holding Corp. * | 1,600 | 55,456 | ||||||
Walgreens Boots Alliance, Inc. | 7,503 | 353,016 | ||||||
Walmart, Inc. | 28,961 | 4,036,584 | ||||||
|
| |||||||
10,363,335 | ||||||||
|
| |||||||
Food Products 0.8% |
| |||||||
Archer-Daniels-Midland Co. | 4,142 | 248,561 | ||||||
Bunge Ltd. | 1,401 | 113,929 |
SHARES | VALUE | |||||||
Campbell Soup Co. | 4,243 | $ | 177,400 | |||||
Conagra Brands, Inc. | 5,411 | 183,271 | ||||||
Darling Ingredients, Inc. * | 4,810 | 345,839 | ||||||
Flowers Foods, Inc. | 3,652 | 86,297 | ||||||
Freshpet, Inc. * | 258 | 36,814 | ||||||
General Mills, Inc. | 12,261 | 733,453 | ||||||
Hershey Co. (The) | 3,183 | 538,723 | ||||||
Hormel Foods Corp. @ | 5,226 | 214,266 | ||||||
Ingredion, Inc. | 1,590 | 141,526 | ||||||
J.M. Smucker Co. (The) | 1,655 | 198,650 | ||||||
Kellogg Co. | 5,495 | 351,240 | ||||||
Kraft Heinz Co. (The) | 5,057 | 186,199 | ||||||
Lamb Weston Holdings, Inc. | 4,603 | 282,486 | ||||||
Lancaster Colony Corp. | 522 | 88,119 | ||||||
McCormick & Co., Inc. | 4,400 | 356,532 | ||||||
Mondelez International, Inc., Class A | 16,383 | 953,163 | ||||||
Pilgrims Pride Corp. * | 1,700 | 49,436 | ||||||
Post Holdings, Inc. * | 1,501 | 165,350 | ||||||
Sanderson Farms, Inc. | 247 | 46,485 | ||||||
Tyson Foods, Inc., Class A | 5,064 | 399,752 | ||||||
|
| |||||||
5,897,491 | ||||||||
|
| |||||||
Gas Utilities 0.1% |
| |||||||
Atmos Energy Corp. | 2,360 | 208,152 | ||||||
National Fuel Gas Co. | 1,600 | 84,032 | ||||||
Southwest Gas Holdings, Inc. | 1,343 | 89,820 | ||||||
UGI Corp. | 2,799 | 119,293 | ||||||
|
| |||||||
501,297 | ||||||||
|
| |||||||
Health Care Equipment & Supplies 2.6% |
| |||||||
Abbott Laboratories | 26,711 | 3,155,370 | ||||||
ABIOMED, Inc. * | 764 | 248,697 | ||||||
Align Technology, Inc. * | 912 | 606,872 | ||||||
Baxter International, Inc. | 8,028 | 645,692 | ||||||
Becton Dickinson & Co. | 3,279 | 806,044 | ||||||
Boston Scientific Corp. * | 10,979 | 476,379 | ||||||
CONMED Corp. | 289 | 37,810 | ||||||
Cooper Cos., Inc. (The) | 521 | 215,335 | ||||||
Danaher Corp. | 7,238 | 2,203,537 | ||||||
Dentsply Sirona, Inc. | 1,578 | 91,603 | ||||||
DexCom, Inc. * | 1,090 | 596,077 | ||||||
Edwards Lifesciences Corp. * | 9,300 | 1,052,853 | ||||||
Envista Holdings Corp. * | 2,222 | 92,902 | ||||||
Globus Medical, Inc., Class A * | 1,500 | 114,930 | ||||||
Hill-Rom Holdings, Inc. | 1,395 | 209,250 | ||||||
Hologic, Inc. * | 4,904 | 361,964 | ||||||
ICU Medical, Inc. * | 98 | 22,871 | ||||||
Idexx Laboratories, Inc. * | 2,400 | 1,492,560 | ||||||
Insulet Corp. * | 521 | 148,084 | ||||||
Integra LifeSciences Holdings Corp. * | 1,168 | 79,985 | ||||||
Intuitive Surgical, Inc. * | 1,335 | 1,327,190 | ||||||
LivaNova PLC * | 470 | 37,219 | ||||||
Masimo Corp. * | 787 | 213,049 | ||||||
Medtronic PLC | 9,595 | 1,202,733 | ||||||
Neogen Corp. * | 444 | 19,283 | ||||||
Novocure Ltd. * | 596 | 69,237 | ||||||
Penumbra, Inc. * | 389 | 103,669 | ||||||
ResMed, Inc. | 2,770 | 730,033 | ||||||
Shockwave Medical, Inc. * | 212 | 43,647 | ||||||
STAAR Surgical Co. * | 200 | 25,706 | ||||||
STERIS PLC | 1,118 | 228,385 | ||||||
Stryker Corp. | 4,861 | 1,281,943 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Health Care Equipment & Supplies (Continued) |
| |||||||
Teleflex, Inc. | 364 | $ | 137,064 | |||||
West Pharmaceutical Services, Inc. | 1,211 | 514,118 | ||||||
Zimmer Biomet Holdings, Inc. | 1,186 | 173,583 | ||||||
|
| |||||||
18,765,674 | ||||||||
|
| |||||||
Health Care Providers & Services 2.5% |
| |||||||
Acadia Healthcare Co., Inc. * | 1,169 | 74,559 | ||||||
Amedisys, Inc. * | 578 | 86,180 | ||||||
AmerisourceBergen Corp. | 2,652 | 316,781 | ||||||
AMN Healthcare Services, Inc. * | 400 | 45,900 | ||||||
Anthem, Inc. | 3,793 | 1,414,030 | ||||||
Cardinal Health, Inc. | 5,853 | 289,489 | ||||||
Centene Corp. * | 4,920 | 306,565 | ||||||
Chemed Corp. | 339 | 157,676 | ||||||
CIGNA Corp. | 5,748 | 1,150,520 | ||||||
CVS Health Corp. | 14,844 | 1,259,662 | ||||||
DaVita, Inc. * | 2,100 | 244,146 | ||||||
Encompass Health Corp. | 2,141 | 160,661 | ||||||
Ensign Group, Inc. (The) | 687 | 51,449 | ||||||
Guardant Health, Inc. * | 673 | 84,132 | ||||||
HCA Healthcare, Inc. | 6,078 | 1,475,252 | ||||||
HealthEquity, Inc. * | 844 | 54,657 | ||||||
Henry Schein, Inc. * | 3,048 | 232,136 | ||||||
Humana, Inc. | 2,612 | 1,016,460 | ||||||
Laboratory Corp. of America Holdings * | 1,685 | 474,226 | ||||||
LHC Group, Inc. * | 573 | 89,909 | ||||||
McKesson Corp. | 3,242 | 646,390 | ||||||
Molina Healthcare, Inc. * | 1,058 | 287,046 | ||||||
Premier, Inc., Class A | 1,383 | 53,605 | ||||||
Quest Diagnostics, Inc. | 2,455 | 356,736 | ||||||
R1 RCM, Inc. * | 1,861 | 40,961 | ||||||
Select Medical Holdings Corp. | 1,200 | 43,404 | ||||||
Tenet Healthcare Corp. * | 1,281 | 85,110 | ||||||
UnitedHealth Group, Inc. | 18,336 | 7,164,609 | ||||||
Universal Health Services, Inc., Class B | 2,001 | 276,878 | ||||||
|
| |||||||
17,939,129 | ||||||||
|
| |||||||
Health Care Technology 0.2% |
| |||||||
Cerner Corp. | 5,716 | 403,092 | ||||||
Change Healthcare, Inc. * | 7,084 | 148,339 | ||||||
Omnicell, Inc. * | 700 | 103,901 | ||||||
Teladoc Health, Inc. *@ | 659 | 83,568 | ||||||
Veeva Systems, Inc., Class A * | 1,900 | 547,523 | ||||||
|
| |||||||
1,286,423 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure 1.9% |
| |||||||
Aramark | 2,445 | 80,343 | ||||||
Booking Holdings, Inc. * | 746 | 1,770,907 | ||||||
Boyd Gaming Corp. * | 1,142 | 72,243 | ||||||
Caesars Entertainment, Inc. * | 978 | 109,810 | ||||||
Carnival Corp. * | 6,222 | 155,612 | ||||||
Chipotle Mexican Grill, Inc. * | 423 | 768,811 | ||||||
Choice Hotels International, Inc. | 1,000 | 126,370 | ||||||
Churchill Downs, Inc. | 450 | 108,036 | ||||||
Darden Restaurants, Inc. | 2,002 | 303,243 | ||||||
Dominos Pizza, Inc. | 810 | 386,338 | ||||||
Expedia Group, Inc. * | 1,275 | 208,972 | ||||||
Hilton Worldwide Holdings, Inc. * | 3,953 | 522,231 | ||||||
Hyatt Hotels Corp., Class A * | 300 | 23,130 | ||||||
Las Vegas Sands Corp. * | 3,185 | 116,571 | ||||||
Marriott International, Inc., Class A * | 6,242 | 924,378 | ||||||
Marriott Vacations Worldwide Corp. | 750 | 117,997 | ||||||
McDonalds Corp. | 12,813 | 3,089,342 | ||||||
MGM Resorts International | 3,426 | 147,832 |
SHARES | VALUE | |||||||
Norwegian Cruise Line Holdings Ltd. * | 4,116 | $ | 109,938 | |||||
Papa Johns International, Inc. | 400 | 50,796 | ||||||
Penn National Gaming, Inc. * | 1,762 | 127,675 | ||||||
Planet Fitness, Inc. Class A * | 1,743 | 136,913 | ||||||
Royal Caribbean Cruises Ltd. * | 2,550 | 226,822 | ||||||
Starbucks Corp. | 21,520 | 2,373,871 | ||||||
Texas Roadhouse, Inc. | 1,257 | 114,802 | ||||||
Travel + Leisure Co. | 1,170 | 63,800 | ||||||
Vail Resorts, Inc. * | 780 | 260,559 | ||||||
Wendys Co. (The) | 5,687 | 123,294 | ||||||
Wingstop, Inc. | 489 | 80,162 | ||||||
Wyndham Hotels & Resorts, Inc. | 1,765 | 136,240 | ||||||
Wynn Resorts Ltd. *@ | 1,565 | 132,634 | ||||||
Yum! Brands, Inc. | 5,539 | 677,475 | ||||||
|
| |||||||
13,647,147 | ||||||||
|
| |||||||
Household Durables 0.4% |
| |||||||
DR Horton, Inc. | 5,753 | 483,079 | ||||||
Garmin Ltd. | 2,389 | 371,394 | ||||||
Helen of Troy Ltd. * | 496 | 111,441 | ||||||
KB Home | 981 | 38,181 | ||||||
Leggett & Platt, Inc. | 3,378 | 151,470 | ||||||
Lennar Corp., B Shares | 72 | 5,587 | ||||||
Lennar Corp., Class A | 3,122 | 292,469 | ||||||
LGI Homes, Inc. * | 200 | 28,382 | ||||||
M.D.C. Holdings, Inc. | 774 | 36,161 | ||||||
Meritage Homes Corp. * | 900 | 87,300 | ||||||
Mohawk Industries, Inc. * | 600 | 106,440 | ||||||
Newell Brands, Inc. | 5,255 | 116,346 | ||||||
NVR, Inc. * | 68 | 325,997 | ||||||
PulteGroup, Inc. | 5,849 | 268,586 | ||||||
Sonos, Inc. * | 1,123 | 36,340 | ||||||
Tempur Sealy International, Inc. | 3,440 | 159,650 | ||||||
Toll Brothers, Inc. | 1,650 | 91,229 | ||||||
TopBuild Corp. * | 500 | 102,405 | ||||||
Whirlpool Corp. | 1,555 | 317,002 | ||||||
|
| |||||||
3,129,459 | ||||||||
|
| |||||||
Household Products 1.4% |
| |||||||
Church & Dwight Co., Inc. | 5,160 | 426,061 | ||||||
Clorox Co. (The) | 3,195 | 529,124 | ||||||
Colgate-Palmolive Co. | 18,122 | 1,369,661 | ||||||
Kimberly-Clark Corp. | 7,609 | 1,007,736 | ||||||
Procter & Gamble Co. (The) | 48,462 | 6,774,988 | ||||||
|
| |||||||
10,107,570 | ||||||||
|
| |||||||
Independent Power Producers & Energy Traders 0.1% |
| |||||||
AES Corp. (The) | 11,000 | 251,130 | ||||||
Clearway Energy, Inc., Class C | 2,400 | 72,648 | ||||||
Ormat Technologies, Inc. @ | 741 | 49,358 | ||||||
Vistra Corp. | 3,161 | 54,053 | ||||||
|
| |||||||
427,189 | ||||||||
|
| |||||||
Industrial Conglomerates 0.9% |
| |||||||
3M Co. | 14,194 | 2,489,911 | ||||||
General Electric Co. | 6,463 | 665,883 | ||||||
Honeywell International, Inc. | 12,821 | 2,721,642 | ||||||
Roper Technologies, Inc. | 1,844 | 822,664 | ||||||
|
| |||||||
6,700,100 | ||||||||
|
| |||||||
Insurance 1.7% |
| |||||||
Aflac, Inc. | 7,013 | 365,588 | ||||||
Alleghany Corp. * | 167 | 104,276 | ||||||
Allstate Corp. (The) | 5,625 | 716,119 | ||||||
American Financial Group, Inc. | 527 | 66,312 | ||||||
American International Group, Inc. | 4,355 | 239,046 | ||||||
Aon PLC, Class A | 5,786 | 1,653,465 | ||||||
Arch Capital Group Ltd. * | 4,493 | 171,543 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Insurance (Continued) |
| |||||||
Arthur J. Gallagher & Co. | 3,023 | $ | 449,369 | |||||
Assurant, Inc. | 1,143 | 180,308 | ||||||
Athene Holding Ltd., Class A * | 1,250 | 86,088 | ||||||
Axis Capital Holdings Ltd. | 1,300 | 59,852 | ||||||
Brighthouse Financial, Inc. * | 1,077 | 48,713 | ||||||
Brown & Brown, Inc. | 4,399 | 243,925 | ||||||
Chubb Ltd. | 3,380 | 586,362 | ||||||
Cincinnati Financial Corp. | 1,150 | 131,353 | ||||||
Enstar Group Ltd. * | 300 | 70,419 | ||||||
Erie Indemnity Co., Class A | 545 | 97,239 | ||||||
Everest Re Group Ltd. | 191 | 47,899 | ||||||
Fidelity National Financial, Inc. | 5,659 | 256,579 | ||||||
First American Financial Corp. | 2,790 | 187,069 | ||||||
Globe Life, Inc. | 1,141 | 101,583 | ||||||
Hanover Insurance Group, Inc. (The) | 696 | 90,216 | ||||||
Hartford Financial Services Group, Inc. (The) | 4,027 | 282,897 | ||||||
Kemper Corp. | 1,200 | 80,148 | ||||||
Kinsale Capital Group, Inc. | 257 | 41,557 | ||||||
Lincoln National Corp. | 2,031 | 139,631 | ||||||
Loews Corp. | 1,471 | 79,331 | ||||||
Markel Corp. * | 100 | 119,513 | ||||||
Marsh & McLennan Cos., Inc. | 9,000 | 1,362,870 | ||||||
MBIA, Inc. * | 3,900 | 50,115 | ||||||
MetLife, Inc. | 5,593 | 345,256 | ||||||
Old Republic International Corp. | 2,863 | 66,221 | ||||||
Primerica, Inc. | 1,066 | 163,770 | ||||||
Principal Financial Group, Inc. | 3,893 | 250,709 | ||||||
Progressive Corp. (The) | 11,708 | 1,058,286 | ||||||
Prudential Financial, Inc. | 2,761 | 290,457 | ||||||
Reinsurance Group of America, Inc. | 777 | 86,449 | ||||||
RenaissanceRe Holdings Ltd. | 783 | 109,150 | ||||||
RLI Corp. | 700 | 70,189 | ||||||
Selective Insurance Group, Inc. | 829 | 62,614 | ||||||
Travelers Companies, Inc. (The) | 5,274 | 801,701 | ||||||
Unum Group | 1,700 | 42,602 | ||||||
W. R. Berkley Corp. | 1,770 | 129,529 | ||||||
Willis Towers Watson PLC | 1,229 | 285,693 | ||||||
|
| |||||||
11,872,011 | ||||||||
|
| |||||||
Interactive Media & Services 5.6% |
| |||||||
Alphabet, Inc., Class A * | 4,521 | 12,086,984 | ||||||
Alphabet, Inc., Class C * | 4,424 | 11,791,331 | ||||||
Facebook, Inc., Class A * | 40,998 | 13,914,311 | ||||||
IAC/InterActiveCorp * | 189 | 24,625 | ||||||
Match Group, Inc. * | 3,467 | 544,284 | ||||||
Pinterest, Inc., Class A * | 2,822 | 143,781 | ||||||
Snap, Inc., Class A * | 7,149 | 528,097 | ||||||
Twitter, Inc. * | 5,999 | 362,280 | ||||||
Zillow Group, Inc., Class A * | 436 | 38,621 | ||||||
Zillow Group, Inc., Class C * | 1,159 | 102,154 | ||||||
|
| |||||||
39,536,468 | ||||||||
|
| |||||||
Internet & Catalog Retail 4.9% |
| |||||||
Amazon.com, Inc. * | 9,954 | 32,699,288 | ||||||
Chewy, Inc., Class A *@ | 1,664 | 113,335 | ||||||
eBay, Inc. | 19,478 | 1,357,032 | ||||||
Etsy, Inc. * | 2,669 | 555,045 | ||||||
Qurate Retail, Inc., Series A | 3,600 | 36,684 | ||||||
Stamps.com, Inc. * | 197 | 64,969 | ||||||
Wayfair, Inc., Class A *@ | 1,109 | 283,361 | ||||||
|
| |||||||
35,109,714 | ||||||||
|
|
SHARES | VALUE | |||||||
IT Services 5.6% |
| |||||||
Accenture PLC, Class A | 13,880 | $ | 4,440,490 | |||||
Akamai Technologies, Inc. * | 2,286 | 239,093 | ||||||
Alliance Data Systems Corp. | 738 | 74,457 | ||||||
Amdocs Ltd. | 2,698 | 204,266 | ||||||
Automatic Data Processing, Inc. | 10,297 | 2,058,576 | ||||||
Broadridge Financial Solutions, Inc. | 3,283 | 547,079 | ||||||
Cloudflare, Inc., Class A * | 1,734 | 195,335 | ||||||
Cognizant Technology Solutions Corp., Class A | 9,261 | 687,259 | ||||||
Concentrix Corp. * | 1,139 | 201,603 | ||||||
DXC Technology Co. * | 2,810 | 94,444 | ||||||
EPAM Systems, Inc. * | 781 | 445,545 | ||||||
Euronet Worldwide, Inc. * | 911 | 115,952 | ||||||
Fidelity National Information Services, Inc. | 5,983 | 728,011 | ||||||
Fiserv, Inc. * | 5,324 | 577,654 | ||||||
FleetCor Technologies, Inc. * | 1,630 | 425,870 | ||||||
Gartner, Inc. * | 1,713 | 520,546 | ||||||
Genpact Ltd. | 3,792 | 180,158 | ||||||
Global Payments, Inc. | 3,120 | 491,650 | ||||||
Globant SA * | 394 | 110,718 | ||||||
GoDaddy, Inc., Class A * | 2,437 | 169,859 | ||||||
International Business Machines Corp. | 20,148 | 2,799,162 | ||||||
Jack Henry & Associates, Inc. | 1,300 | 213,278 | ||||||
MasterCard, Inc., Class A | 24,512 | 8,522,332 | ||||||
Maximus, Inc. | 1,704 | 141,773 | ||||||
MongoDB, Inc. *@ | 284 | 133,909 | ||||||
Okta, Inc. * | 1,243 | 295,014 | ||||||
Paychex, Inc. | 6,767 | 760,949 | ||||||
PayPal Holdings, Inc. * | 15,005 | 3,904,451 | ||||||
Square, Inc., Class A * | 3,728 | 894,123 | ||||||
Twilio, Inc., Class A * | 1,065 | 339,788 | ||||||
VeriSign, Inc. * | 1,900 | 389,519 | ||||||
Visa, Inc., Class A | 39,160 | 8,722,890 | ||||||
Western Union Co. (The) | 6,874 | 138,992 | ||||||
WEX, Inc. * | 663 | 116,781 | ||||||
|
| |||||||
39,881,526 | ||||||||
|
| |||||||
Leisure Equipment & Products 0.1% |
| |||||||
Brunswick Corp. | 1,810 | 172,439 | ||||||
Hasbro, Inc. | 2,087 | 186,202 | ||||||
Mattel, Inc. * | 7,865 | 145,974 | ||||||
Peloton Interactive, Inc., Class A * | 1,347 | 117,256 | ||||||
Polaris, Inc. | 1,034 | 123,729 | ||||||
YETI Holdings, Inc. * | 1,669 | 143,017 | ||||||
|
| |||||||
888,617 | ||||||||
|
| |||||||
Life Sciences Tools & Services 1.3% |
| |||||||
10X Genomics, Inc., Class A * | 538 | 78,322 | ||||||
Agilent Technologies, Inc. | 4,258 | 670,763 | ||||||
Avantor, Inc. * | 9,845 | 402,660 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 290 | 216,326 | ||||||
Bio-Techne Corp. | 473 | 229,202 | ||||||
Bruker Corp. | 2,044 | 159,636 | ||||||
Charles River Laboratories International, Inc. * | 963 | 397,401 | ||||||
Illumina, Inc. * | 2,161 | 876,523 | ||||||
IQVIA Holdings, Inc. * | 2,790 | 668,317 | ||||||
Medpace Holdings, Inc. * | 500 | 94,640 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Life Sciences Tools & Services (Continued) |
| |||||||
Mettler-Toledo International, Inc. * | 659 | $ | 907,680 | |||||
PerkinElmer, Inc. | 2,006 | 347,620 | ||||||
Repligen Corp. * | 355 | 102,591 | ||||||
Syneos Health, Inc. * | 927 | 81,094 | ||||||
Thermo Fisher Scientific, Inc. | 5,908 | 3,375,418 | ||||||
Waters Corp. * | 1,391 | 497,004 | ||||||
|
| |||||||
9,105,197 | ||||||||
|
| |||||||
Machinery 2.1% |
| |||||||
AGCO Corp. | 1,297 | 158,921 | ||||||
Allison Transmission Holdings, Inc. | 3,084 | 108,927 | ||||||
Altra Industrial Motion Corp. | 700 | 38,745 | ||||||
Caterpillar, Inc. | 12,969 | 2,489,659 | ||||||
Chart Industries, Inc. * | 200 | 38,222 | ||||||
Colfax Corp. * | 1,693 | 77,709 | ||||||
Crane Co. | 1,115 | 105,713 | ||||||
Cummins, Inc. | 2,875 | 645,610 | ||||||
Deere & Co. | 7,430 | 2,489,570 | ||||||
Donaldson Co., Inc. | 3,404 | 195,424 | ||||||
Dover Corp. | 2,615 | 406,633 | ||||||
Evoqua Water Technologies Corp. * | 1,408 | 52,884 | ||||||
Flowserve Corp. | 1,775 | 61,539 | ||||||
Fortive Corp. | 3,548 | 250,382 | ||||||
Franklin Electric Co., Inc. | 300 | 23,955 | ||||||
Graco, Inc. | 3,370 | 235,799 | ||||||
IDEX Corp. | 1,322 | 273,588 | ||||||
Illinois Tool Works, Inc. | 8,306 | 1,716,269 | ||||||
Ingersoll Rand, Inc. * | 3,972 | 200,229 | ||||||
ITT, Inc. | 2,281 | 195,801 | ||||||
John Bean Technologies Corp. | 692 | 97,261 | ||||||
Lincoln Electric Holdings, Inc. | 1,491 | 192,026 | ||||||
Middleby Corp. (The) * | 1,300 | 221,663 | ||||||
Nordson Corp. | 1,155 | 275,063 | ||||||
Oshkosh Corp. | 1,700 | 174,029 | ||||||
Otis Worldwide Corp. | 6,236 | 513,098 | ||||||
PACCAR, Inc. | 7,238 | 571,223 | ||||||
Parker-Hannifin Corp. | 2,736 | 765,040 | ||||||
Pentair PLC | 1,862 | 135,237 | ||||||
RBC Bearings, Inc. * | 421 | 89,336 | ||||||
Rexnord Corp. | 1,200 | 77,148 | ||||||
Snap-On, Inc. | 1,143 | 238,830 | ||||||
Stanley Black & Decker, Inc. | 2,408 | 422,147 | ||||||
Timken Co., (The) | 1,644 | 107,550 | ||||||
Toro Co. (The) | 2,683 | 261,351 | ||||||
Watts Water Technologies, Inc., Class A | 400 | 67,236 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,144 | 98,624 | ||||||
Woodward, Inc. | 1,254 | 141,953 | ||||||
Xylem, Inc. | 2,724 | 336,904 | ||||||
|
| |||||||
14,551,298 | ||||||||
|
| |||||||
Media 1.2% |
| |||||||
Altice USA, Inc., Class A * | 4,348 | 90,091 | ||||||
Cable One, Inc. | 101 | 183,126 | ||||||
Charter Communications, Inc., Class A * | 2,672 | 1,944,040 | ||||||
Comcast Corp., Class A | 76,230 | 4,263,544 | ||||||
Discovery, Inc., Class A * | 3,611 | 91,647 | ||||||
Discovery, Inc., Class C * | 4,579 | 111,132 | ||||||
DISH Network Corp., Class A * | 3,186 | 138,464 | ||||||
Fox Corp. Class A | 3,686 | 147,845 | ||||||
Fox Corp. Class B | 696 | 25,836 | ||||||
Interpublic Group of Cos., Inc. (The) | 6,061 | 222,257 | ||||||
Liberty Broadband Corp., Class A * | 315 | 53,030 | ||||||
Liberty Broadband Corp., Class C * | 1,371 | 236,772 |
SHARES | VALUE | |||||||
Liberty Media Corp. - Liberty Siriusxm, Class A * | 1,263 | $ | 59,576 | |||||
Liberty Media Corp. - Liberty Siriusxm, Class C * | 1,178 | 55,920 | ||||||
New York Times Co. (The), Class A | 1,641 | 80,852 | ||||||
News Corp., Class A | 1,498 | 35,248 | ||||||
News Corp., Class B | 1,525 | 35,426 | ||||||
Nexstar Media Group, Inc. Class A | 900 | 136,764 | ||||||
Omnicom Group, Inc. | 4,831 | 350,054 | ||||||
Sirius XM Holdings, Inc. @ | 15,954 | 97,319 | ||||||
TEGNA, Inc. | 2,624 | 51,745 | ||||||
ViacomCBS, Inc. Class A | 616 | 25,915 | ||||||
ViacomCBS, Inc. Class B | 6,268 | 247,649 | ||||||
|
| |||||||
8,684,252 | ||||||||
|
| |||||||
Metals & Mining 0.4% |
| |||||||
Alcoa Corp. * | 2,296 | 112,366 | ||||||
Arconic Corp. * | 1,274 | 40,182 | ||||||
Cleveland-Cliffs, Inc. *@ | 6,262 | 124,050 | ||||||
Commercial Metals Co. | 1,475 | 44,928 | ||||||
Freeport-McMoRan, Inc. | 21,901 | 712,440 | ||||||
Newmont Corp. | 9,033 | 490,492 | ||||||
Nucor Corp. | 5,263 | 518,353 | ||||||
Reliance Steel & Aluminum Co. | 1,403 | 199,815 | ||||||
Royal Gold, Inc. | 1,115 | 106,471 | ||||||
Southern Copper Corp. | 1,769 | 99,312 | ||||||
Steel Dynamics, Inc. | 3,175 | 185,674 | ||||||
United States Steel Corp. @ | 3,845 | 84,475 | ||||||
|
| |||||||
2,718,558 | ||||||||
|
| |||||||
Multi-Utilities 0.7% |
| |||||||
Ameren Corp. | 3,328 | 269,568 | ||||||
Black Hills Corp. | 1,300 | 81,588 | ||||||
Centerpoint Energy, Inc. | 6,700 | 164,820 | ||||||
CMS Energy Corp. | 5,860 | 350,018 | ||||||
Consolidated Edison, Inc. | 6,130 | 444,977 | ||||||
Dominion Energy, Inc. | 15,228 | 1,111,948 | ||||||
DTE Energy Co. | 3,247 | 362,722 | ||||||
MDU Resources Group, Inc. | 3,960 | 117,493 | ||||||
NiSource, Inc. | 5,791 | 140,316 | ||||||
Public Service Enterprise Group, Inc. | 9,258 | 563,812 | ||||||
Sempra Energy | 4,736 | 599,104 | ||||||
WEC Energy Group, Inc. | 5,648 | 498,154 | ||||||
|
| |||||||
4,704,520 | ||||||||
|
| |||||||
Multiline Retail 0.7% |
| |||||||
Dollar General Corp. | 5,731 | 1,215,775 | ||||||
Dollar Tree, Inc. * | 2,486 | 237,960 | ||||||
Kohls Corp. | 2,335 | 109,955 | ||||||
Macys, Inc. | 4,200 | 94,920 | ||||||
Nordstrom, Inc. * | 2,349 | 62,131 | ||||||
Ollies Bargain Outlet Holdings, Inc. *@ | 742 | 44,728 | ||||||
Target Corp. | 13,538 | 3,097,088 | ||||||
|
| |||||||
4,862,557 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels 1.4% |
| |||||||
Antero Midstream Corp. | 3,600 | 37,512 | ||||||
Antero Resources Corp. * | 3,300 | 62,073 | ||||||
APA Corp. | 5,617 | 120,372 | ||||||
Cabot Oil & Gas Corp. | 5,500 | 119,680 | ||||||
Cheniere Energy, Inc. * | 5,431 | 530,446 | ||||||
Chesapeake Energy Corp. | 918 | 56,540 | ||||||
Chevron Corp. | 14,415 | 1,462,402 | ||||||
Cimarex Energy Co. | 778 | 67,842 | ||||||
ConocoPhillips | 14,759 | 1,000,217 | ||||||
Denbury, Inc. * | 336 | 23,604 | ||||||
Devon Energy Corp. | 4,834 | 171,655 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Oil, Gas & Consumable Fuels (Continued) |
| |||||||
Diamondback Energy, Inc. | 1,285 | $ | 121,651 | |||||
DTE Midstream LLC * | 1,623 | 75,047 | ||||||
EOG Resources, Inc. | 6,580 | 528,177 | ||||||
EQT Corp. * | 3,800 | 77,748 | ||||||
Equitrans Midstream Corp. | 4,957 | 50,264 | ||||||
Exxon Mobil Corp. | 34,657 | 2,038,525 | ||||||
Hess Corp. | 3,471 | 271,120 | ||||||
HollyFrontier Corp. | 2,161 | 71,594 | ||||||
Kinder Morgan, Inc. | 8,265 | 138,273 | ||||||
Marathon Oil Corp. | 8,798 | 120,269 | ||||||
Marathon Petroleum Corp. | 4,094 | 253,050 | ||||||
Occidental Petroleum Corp. | 12,148 | 359,338 | ||||||
ONEOK, Inc. | 6,698 | 388,417 | ||||||
Ovintiv, Inc. | 2,600 | 85,488 | ||||||
PDC Energy, Inc. | 985 | 46,679 | ||||||
Phillips 66 | 3,291 | 230,469 | ||||||
Pioneer Natural Resources Co. | 1,324 | 220,459 | ||||||
Range Resources Corp. * | 3,129 | 70,809 | ||||||
Targa Resources Corp. | 1,997 | 98,272 | ||||||
Texas Pacific Land Corp. | 58 | 70,143 | ||||||
Valero Energy Corp. | 4,073 | 287,432 | ||||||
Williams Cos., Inc. (The) | 13,491 | 349,956 | ||||||
|
| |||||||
9,605,523 | ||||||||
|
| |||||||
Paper & Forest Products 0.0% |
| |||||||
Louisiana-Pacific Corp. | 1,880 | 115,376 | ||||||
|
| |||||||
Personal Products 0.2% |
| |||||||
Estee Lauder Companies, Inc. (The), Class A | 5,286 | 1,585,430 | ||||||
Herbalife Nutriation Ltd. * | 2,876 | 121,885 | ||||||
|
| |||||||
1,707,315 | ||||||||
|
| |||||||
Pharmaceuticals 3.7% |
| |||||||
Bristol-Myers Squibb Co. | 33,566 | 1,986,100 | ||||||
Catalent, Inc. * | 2,337 | 310,985 | ||||||
Elanco Animal Health, | 4,517 | 144,047 | ||||||
Eli Lilly & Co. | 19,445 | 4,492,767 | ||||||
Jazz Pharmaceuticals PLC * | 1,092 | 142,189 | ||||||
Johnson & Johnson | 55,065 | 8,892,997 | ||||||
Merck & Co., Inc. | 52,291 | 3,927,577 | ||||||
Organon & Co. | 5,229 | 171,459 | ||||||
Perrigo Co. PLC | 1,790 | 84,721 | ||||||
Pfizer, Inc. | 81,270 | 3,495,423 | ||||||
Viatris, Inc. | 10,369 | 140,500 | ||||||
Zoetis, Inc. | 12,576 | 2,441,505 | ||||||
|
| |||||||
26,230,270 | ||||||||
|
| |||||||
Professional Services 0.5% |
| |||||||
ASGN, Inc. * | 677 | 76,596 | ||||||
Booz Allen Hamilton Holding Corp. | 3,549 | 281,613 | ||||||
CACI International, Inc., Class A * | 656 | 171,937 | ||||||
Clarivate PLC *@ | 2,100 | 45,990 | ||||||
CoStar Group, Inc. * | 2,890 | 248,713 | ||||||
Equifax, Inc. | 1,711 | 433,602 | ||||||
Exponent, Inc. | 799 | 90,407 | ||||||
FTI Consulting, Inc. * | 662 | 89,171 | ||||||
Insperity, Inc. | 400 | 44,296 | ||||||
Jacobs Engineering Group, Inc. | 1,338 | 177,325 | ||||||
KBR, Inc. | 2,987 | 117,688 | ||||||
Korn Ferry | 397 | 28,727 |
SHARES | VALUE | |||||||
Leidos Holdings, Inc. | 2,174 | $ | 208,987 | |||||
Manpowergroup, Inc. | 1,600 | 173,248 | ||||||
Nielsen Holdings PLC | 4,300 | 82,517 | ||||||
Robert Half International, Inc. | 2,642 | 265,072 | ||||||
Science Applications International Corp. | 1,371 | 117,303 | ||||||
TransUnion | 2,647 | 297,284 | ||||||
TriNet Group, Inc. * | 865 | 81,812 | ||||||
Upwork, Inc. * | 701 | 31,566 | ||||||
Verisk Analytics, Inc. | 3,573 | 715,565 | ||||||
|
| |||||||
3,779,419 | ||||||||
|
| |||||||
Real Estate Management & Development 0.1% |
| |||||||
CBRE Group, Inc., Class A * | 6,454 | 628,362 | ||||||
Jones Lang LaSalle, Inc. * | 1,100 | 272,899 | ||||||
Redfin Corp. *@ | 420 | 21,042 | ||||||
|
| |||||||
922,303 | ||||||||
|
| |||||||
Road & Rail 1.1% |
| |||||||
AMERCO | 236 | 152,463 | ||||||
Avis Budget Group, Inc. * | 673 | 78,411 | ||||||
CSX Corp. | 47,289 | 1,406,375 | ||||||
JB Hunt Transport Services, Inc. | 2,271 | 379,757 | ||||||
Kansas City Southern | 1,801 | 487,423 | ||||||
Knight-Swift Transportation Holdings, Inc. | 2,249 | 115,036 | ||||||
Landstar System, Inc. | 1,073 | 169,341 | ||||||
Lyft, Inc., Class A * | 1,612 | 86,387 | ||||||
Norfolk Southern Corp. | 4,620 | 1,105,335 | ||||||
Old Dominion Freight Line, Inc. | 1,937 | 553,943 | ||||||
Ryder System, Inc. | 682 | 56,408 | ||||||
Saia, Inc. * | 200 | 47,606 | ||||||
Uber Technologies, Inc. * | 3,224 | 144,435 | ||||||
Union Pacific Corp. | 15,875 | 3,111,659 | ||||||
XPO Logistics, Inc. * | 1,934 | 153,908 | ||||||
|
| |||||||
8,048,487 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment 6.0% |
| |||||||
Advanced Micro Devices, Inc. * | 18,265 | 1,879,468 | ||||||
Analog Devices, Inc. | 9,640 | 1,614,507 | ||||||
Applied Materials, Inc. | 22,341 | 2,875,957 | ||||||
Broadcom, Inc. | 9,251 | 4,486,087 | ||||||
Brooks Automation, Inc. | 1,100 | 112,585 | ||||||
Cirrus Logic, Inc. * | 1,237 | 101,867 | ||||||
CMC Materials, Inc. | 592 | 72,952 | ||||||
Diodes, Inc. * | 300 | 27,177 | ||||||
Enphase Energy, Inc. * | 1,883 | 282,394 | ||||||
Entegris, Inc. | 2,652 | 333,887 | ||||||
First Solar, Inc. * | 1,023 | 97,656 | ||||||
Intel Corp. | 80,950 | 4,313,016 | ||||||
KLA Corp. | 4,262 | 1,425,682 | ||||||
Kulicke & Soffa Industries, Inc. | 671 | 39,106 | ||||||
Lam Research Corp. | 3,733 | 2,124,637 | ||||||
Lattice Semiconductor | 1,742 | 112,620 | ||||||
Marvell Technology, Inc. | 6,428 | 387,673 | ||||||
Microchip Technology, Inc. | 4,306 | 660,928 | ||||||
Micron Technology, Inc. | 15,096 | 1,071,514 | ||||||
MKS Instruments, Inc. | 1,252 | 188,939 | ||||||
Monolithic Power Systems, Inc. | 706 | 342,184 | ||||||
NVIDIA Corp. | 43,332 | 8,976,657 | ||||||
ON Semiconductor Corp. * | 8,229 | 376,641 | ||||||
Power Integrations, Inc. | 1,146 | 113,443 | ||||||
Qorvo, Inc. * | 1,968 | 329,030 | ||||||
QUALCOMM, Inc. | 25,043 | 3,230,046 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Semiconductors & Semiconductor Equipment (Continued) |
| |||||||
Semtech Corp. * | 600 | $ | 46,782 | |||||
Silicon Laboratories, Inc. * | 600 | 84,096 | ||||||
Skyworks Solutions, Inc. | 3,226 | 531,580 | ||||||
SolarEdge Technologies, Inc. * | 455 | 120,675 | ||||||
Synaptics, Inc. * | 333 | 59,850 | ||||||
Teradyne, Inc. | 3,943 | 430,457 | ||||||
Texas Instruments, Inc. | 25,091 | 4,822,741 | ||||||
Universal Display Corp. | 786 | 134,375 | ||||||
Wolfspeed, Inc. *@ | 1,415 | 114,233 | ||||||
Xilinx, Inc. | 5,194 | 784,242 | ||||||
|
| |||||||
42,705,684 | ||||||||
|
| |||||||
Software 9.3% |
| |||||||
ACI Worldwide, Inc. * | 2,645 | 81,281 | ||||||
Adobe, Inc. * | 9,607 | 5,530,942 | ||||||
Alarm.com Holdings, Inc. * | 415 | 32,449 | ||||||
Alteryx, Inc., Class A * | 675 | 49,342 | ||||||
Anaplan, Inc. * | 700 | 42,623 | ||||||
ANSYS, Inc. * | 1,057 | 359,856 | ||||||
Appfolio, Inc., Class A *@ | 486 | 58,514 | ||||||
Aspen Technology, Inc. * | 2,199 | 270,037 | ||||||
Atlassian Corp. PLC, Class A * | 2,267 | 887,349 | ||||||
Autodesk, Inc. * | 4,961 | 1,414,728 | ||||||
Avalara, Inc. * | 621 | 108,532 | ||||||
Black Knight, Inc. * | 2,102 | 151,344 | ||||||
Cadence Design Systems, Inc. * | 5,300 | 802,632 | ||||||
CDK Global, Inc. | 3,162 | 134,543 | ||||||
Ceridian HCM Holding, Inc. * | 995 | 112,057 | ||||||
Citrix Systems, Inc. | 2,573 | 276,263 | ||||||
Cloudera, Inc. * | 2,900 | 46,313 | ||||||
Cognyte Software Ltd. * | 1,038 | 21,331 | ||||||
Coupa Software, Inc. * | 709 | 155,399 | ||||||
Crowdstrike Holdings, Inc., Class A * | 1,037 | 254,874 | ||||||
Datadog, Inc., Class A * | 1,407 | 198,879 | ||||||
DocuSign, Inc. * | 1,254 | 322,817 | ||||||
Dolby Laboratories, Inc., Class A | 938 | 82,544 | ||||||
Dropbox, Inc., Class A * | 4,089 | 119,481 | ||||||
Dynatrace, Inc. * | 1,268 | 89,990 | ||||||
Elastic NV * | 423 | 63,023 | ||||||
Envestnet, Inc. * | 1,085 | 87,060 | ||||||
Fair Isaac Corp. * | 850 | 338,240 | ||||||
Five9, Inc. * | 200 | 31,948 | ||||||
Fortinet, Inc. * | 3,130 | 914,085 | ||||||
Guidewire Software, Inc. * | 801 | 95,215 | ||||||
HubSpot, Inc. * | 406 | 274,493 | ||||||
Intuit, Inc. | 4,259 | 2,297,773 | ||||||
j2 Global, Inc. * | 1,013 | 138,396 | ||||||
Mandiant, Inc. * | 1,537 | 27,359 | ||||||
Manhattan Associates, Inc. * | 2,300 | 351,969 | ||||||
Microsoft Corp. | 130,116 | 36,682,303 | ||||||
NortonLifeLock, Inc. | 8,718 | 220,565 | ||||||
Nuance Communications, Inc. * | 4,400 | 242,176 | ||||||
Nutanix, Inc., Class A * | 2,911 | 109,745 | ||||||
Oracle Corp. | 48,638 | 4,237,829 | ||||||
Palo Alto Networks, Inc. * | 795 | 380,805 | ||||||
Paycom Software, Inc. * | 960 | 475,920 | ||||||
Paylocity Holding Corp. * | 668 | 187,307 | ||||||
Pegasystems, Inc. | 255 | 32,410 | ||||||
PTC, Inc. * | 1,445 | 173,097 | ||||||
Qualys, Inc. * | 503 | 55,979 | ||||||
RingCentral, Inc., Class A * | 628 | 136,590 | ||||||
Salesforce.com, Inc. * | 7,199 | 1,952,513 | ||||||
ServiceNow, Inc. * | 2,217 | 1,379,573 |
SHARES | VALUE | |||||||
Smartsheet, Inc., Class A * | 763 | $ | 52,510 | |||||
Splunk, Inc. * | 1,483 | 214,605 | ||||||
SS&C Technologies Holdings, Inc. | 3,246 | 225,272 | ||||||
Synopsys, Inc. * | 1,895 | 567,382 | ||||||
Teradata Corp. * | 1,500 | 86,025 | ||||||
Trade Desk, Inc. (The), Class A * | 4,830 | 339,549 | ||||||
Tyler Technologies, Inc. * | 424 | 194,468 | ||||||
VMware, Inc., Class A *@ | 1,259 | 187,213 | ||||||
Workday, Inc., Class A * | 1,272 | 317,860 | ||||||
Zendesk, Inc. * | 1,234 | 143,625 | ||||||
Zoom Video Communications, Inc., Class A * | 2,670 | 698,205 | ||||||
Zscaler, Inc. * | 617 | 161,790 | ||||||
|
| |||||||
65,678,997 | ||||||||
|
| |||||||
Specialty Retail 3.0% |
| |||||||
Aarons Co. Inc. (The) | 575 | 15,836 | ||||||
Advance Auto Parts, Inc. | 1,480 | 309,157 | ||||||
American Eagle Outfitters, Inc. @ | 1,673 | 43,163 | ||||||
AutoNation, Inc. * | 961 | 117,011 | ||||||
AutoZone, Inc. * | 433 | 735,230 | ||||||
Bath & Body Works, Inc. | 3,537 | 222,937 | ||||||
Best Buy Co., Inc. | 6,478 | 684,789 | ||||||
Burlington Stores, Inc. * | 1,171 | 332,060 | ||||||
Carmax, Inc. * | 3,409 | 436,216 | ||||||
Carvana Co. * | 614 | 185,146 | ||||||
Dicks Sporting Goods, Inc. @ | 1,695 | 203,010 | ||||||
Five Below, Inc. * | 1,000 | 176,810 | ||||||
Floor & Decor Holdings, Inc., Class A * | 1,000 | 120,790 | ||||||
Foot Locker, Inc. | 1,123 | 51,276 | ||||||
Gap, Inc. (The) | 2,801 | 63,583 | ||||||
Home Depot, Inc. (The) | 23,976 | 7,870,362 | ||||||
Lithia Motors, Inc. | 454 | 143,936 | ||||||
Lowes Cos., Inc. | 19,287 | 3,912,561 | ||||||
Murphy USA, Inc. | 1,116 | 186,662 | ||||||
National Vision Holdings, Inc. * | 862 | 48,936 | ||||||
OReilly Automotive, Inc. * | 1,415 | 864,650 | ||||||
Penske Automotive Group, Inc. @ | 1,318 | 132,591 | ||||||
Rent-A-Center, Inc. | 600 | 33,726 | ||||||
RH * | 220 | 146,720 | ||||||
Ross Stores, Inc. | 6,470 | 704,259 | ||||||
Signet Jewelers Ltd. | 600 | 47,376 | ||||||
TJX Cos., Inc. (The) | 27,206 | 1,795,052 | ||||||
Tractor Supply Co. | 3,469 | 702,854 | ||||||
Ulta Beauty, Inc. * | 984 | 355,145 | ||||||
Victorias Secret & Co. * | 1,179 | 65,152 | ||||||
Williams-Sonoma, Inc. | 2,400 | 425,592 | ||||||
|
| |||||||
21,132,588 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods 1.0% |
| |||||||
Capri Holdings Ltd. * | 1,938 | 93,818 | ||||||
Carters, Inc. | 934 | 90,822 | ||||||
Columbia Sportswear Co. | 858 | 82,231 | ||||||
Crocs, Inc. * | 1,471 | 211,059 | ||||||
Deckers Outdoor Corp. * | 473 | 170,375 | ||||||
Hanesbrands, Inc. | 8,404 | 144,213 | ||||||
Lululemon Athletica, Inc. * | 2,502 | 1,012,559 | ||||||
NIKE, Inc., Class B | 29,092 | 4,225,031 | ||||||
PVH Corp. * | 760 | 78,120 | ||||||
Ralph Lauren Corp. | 1,100 | 122,144 | ||||||
Skechers U.S.A., Inc., Class A * | 1,800 | 75,816 | ||||||
Tapestry, Inc. | 6,400 | 236,928 | ||||||
Under Armour, Inc., Class A * | 2,760 | 55,697 | ||||||
Under Armour, Inc., Class C * | 2,884 | 50,528 | ||||||
VF Corp. | 5,509 | 369,048 | ||||||
|
| |||||||
7,018,389 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Core Market Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Thrifts & Mortgage Finance 0.0% |
| |||||||
Essent Group Ltd. | 700 | $ | 30,807 | |||||
MGIC Investment Corp. | 4,400 | 65,824 | ||||||
New York Community Bancorp, Inc. | 6,032 | 77,632 | ||||||
Radian Group, Inc. | 1,400 | 31,808 | ||||||
TFS Financial Corp. | 1,093 | 20,832 | ||||||
|
| |||||||
226,903 | ||||||||
|
| |||||||
Tobacco 0.6% | ||||||||
Altria Group, Inc. | 46,398 | 2,112,037 | ||||||
Philip Morris International, Inc. | 24,607 | 2,332,498 | ||||||
|
| |||||||
4,444,535 | ||||||||
|
| |||||||
Trading Companies & Distributors 0.3% |
| |||||||
Fastenal Co. | 13,600 | 701,896 | ||||||
MSC Industrial Direct Co., Inc., Class A | 1,100 | 88,209 | ||||||
SiteOne Landscape Supply, Inc. * | 654 | 130,453 | ||||||
United Rentals, Inc. * | 2,064 | 724,319 | ||||||
Univar Solutions, Inc. * | 2,156 | 51,356 | ||||||
Watsco, Inc. | 474 | 125,430 | ||||||
WESCO International, Inc. * | 596 | 68,731 | ||||||
WW Grainger, Inc. | 1,176 | 462,239 | ||||||
|
| |||||||
2,352,633 | ||||||||
|
| |||||||
Water Utilities 0.1% | ||||||||
American Water Works Co., Inc. | 3,475 | 587,414 | ||||||
Essential Utilities, Inc. | 3,662 | 168,745 | ||||||
|
| |||||||
756,159 | ||||||||
|
| |||||||
Wireless Telecommunication Services 0.2% |
| |||||||
T-Mobile US, Inc. * | 9,433 | 1,205,160 | ||||||
|
| |||||||
TOTAL COMMON STOCKS | 678,138,497 | |||||||
|
| |||||||
PREFERRED STOCKS 0.0% |
| |||||||
Internet & Catalog Retail 0.0% |
| |||||||
Qurate Retail, Inc. 8.000% | 108 | 11,680 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS | 11,680 | |||||||
|
| |||||||
MUTUAL FUNDS 4.1% |
| |||||||
Other 4.1% | ||||||||
DFA U.S. Micro Cap Portfolio | 1,022,392 | 28,933,692 | ||||||
|
| |||||||
TOTAL MUTUAL FUNDS | 28,933,692 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS 0.3% |
| |||||||
Investment Company 0.2% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 1,623,371 | 1,623,371 | ||||||
|
| |||||||
Collateral For Securities On Loan 0.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 771,889 | 771,889 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS | 2,395,260 | |||||||
|
| |||||||
Total Investments 100.0% |
| 709,479,129 | ||||||
Liabilities, Less Cash and Other Assets 0.0% | (216,716 | ) | ||||||
|
| |||||||
Net Assets 100.0% | $709,262,413 | |||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $2,604,968. |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2021 amounted to $37,749 or 0.01% of the net assets of the Fund. |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Information Technology | 29.5 | % | ||
Consumer Discretionary | 13.9 | % | ||
Financials | 12.9 | % | ||
Health Care | 12.4 | % | ||
Communication Services | 9.5 | % | ||
Industrials | 9.3 | % | ||
Consumer Staples | 6.1 | % | ||
Materials | 2.5 | % | ||
Utilities | 2.4 | % | ||
Energy | 1.5 | % | ||
|
| |||
100.0 | % |
18
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.8% |
| |||||||
Aerospace & Defense 1.7% |
| |||||||
General Dynamics Corp. | 7,826 | $ | 1,534,131 | |||||
Howmet Aerospace, Inc. | 41,331 | 1,289,527 | ||||||
L3Harris Technologies, Inc. | 2,614 | 575,707 | ||||||
Northrop Grumman Corp. | 1,217 | 438,303 | ||||||
Raytheon Technologies Corp. | 43,320 | 3,723,787 | ||||||
Textron, Inc. | 38,330 | 2,675,817 | ||||||
|
| |||||||
10,237,272 | ||||||||
|
| |||||||
Air Freight & Logistics 0.9% |
| |||||||
FedEx Corp. | 19,292 | 4,230,543 | ||||||
GXO Logistics, Inc. * | 15,841 | 1,242,568 | ||||||
|
| |||||||
5,473,111 | ||||||||
|
| |||||||
Airlines 0.5% |
| |||||||
Alaska Air Group, Inc. * | 964 | 56,491 | ||||||
Delta Air Lines, Inc. * | 6,597 | 281,098 | ||||||
JetBlue Airways Corp. * | 17,035 | 260,465 | ||||||
Southwest Airlines Co. * | 29,712 | 1,528,088 | ||||||
United Airlines Holdings, Inc. * | 17,707 | 842,322 | ||||||
|
| |||||||
2,968,464 | ||||||||
|
| |||||||
Auto Components 0.8% |
| |||||||
Aptiv PLC * | 4,329 | 644,891 | ||||||
Autoliv, Inc. | 9,173 | 786,309 | ||||||
BorgWarner, Inc. | 24,241 | 1,047,454 | ||||||
Gentex Corp. | 25,695 | 847,421 | ||||||
Goodyear Tire & Rubber Co. (The) * | 2,391 | 42,321 | ||||||
Lear Corp. | 6,743 | 1,055,145 | ||||||
Veoneer, Inc. * | 334 | 11,376 | ||||||
|
| |||||||
4,434,917 | ||||||||
|
| |||||||
Automobiles 1.3% |
| |||||||
Ford Motor Co. * | 132,470 | 1,875,775 | ||||||
General Motors Co. * | 111,641 | 5,884,597 | ||||||
|
| |||||||
7,760,372 | ||||||||
|
| |||||||
Beverages 0.4% |
| |||||||
Constellation Brands, Inc., Class A | 8,399 | 1,769,585 | ||||||
Keurig Dr Pepper, Inc. | 2,705 | 92,403 | ||||||
Molson Coors Beverage Co., Class B | 10,592 | 491,257 | ||||||
|
| |||||||
2,353,245 | ||||||||
|
| |||||||
Biotechnology 1.0% |
| |||||||
AbbVie, Inc. | 738 | 79,608 | ||||||
Biogen, Inc. * | 5,743 | 1,625,212 | ||||||
Gilead Sciences, Inc. | 41,155 | 2,874,677 | ||||||
Regeneron Pharmaceuticals, Inc. * | 1,758 | 1,063,906 | ||||||
United Therapeutics Corp. * | 683 | 126,068 | ||||||
Vertex Pharmaceuticals, Inc. * | 908 | 164,702 | ||||||
|
| |||||||
5,934,173 | ||||||||
|
| |||||||
Building Products 1.9% |
| |||||||
Builders FirstSource, Inc. * | 4,081 | 211,151 | ||||||
Carlisle Cos., Inc. | 6,915 | 1,374,633 | ||||||
Carrier Global Corp. | 50,475 | 2,612,586 | ||||||
Fortune Brands Home & Security, Inc. | 11,027 | 986,034 | ||||||
Johnson Controls International PLC | 34,370 | 2,339,910 | ||||||
Owens Corning | 12,209 | 1,043,870 | ||||||
Trane Technologies PLC | 16,759 | 2,893,441 | ||||||
|
| |||||||
11,461,625 | ||||||||
|
| |||||||
Capital Markets 3.8% |
| |||||||
Bank of New York Mellon Corp. (The) | 54,802 | 2,840,936 | ||||||
Goldman Sachs Group, Inc. (The) | 23,927 | 9,045,124 | ||||||
Jefferies Financial Group, Inc. | 6,993 | 259,650 | ||||||
Morgan Stanley | 94,886 | 9,233,357 | ||||||
Northern Trust Corp. | 370 | 39,890 | ||||||
State Street Corp. | 10,112 | 856,688 | ||||||
|
| |||||||
22,275,645 | ||||||||
|
|
SHARES | VALUE | |||||||
Chemicals 3.8% |
| |||||||
Air Products & Chemicals, Inc. | 7,452 | $ | 1,908,532 | |||||
Albemarle Corp. | 9,985 | 2,186,415 | ||||||
Celanese Corp. | 4,202 | 632,989 | ||||||
CF Industries Holdings, Inc. | 25,378 | 1,416,600 | ||||||
Corteva, Inc. | 18,513 | 779,027 | ||||||
Dow, Inc. | 51,729 | 2,977,521 | ||||||
DuPont de Nemours, Inc. | 11,639 | 791,336 | ||||||
Eastman Chemical Co. | 19,429 | 1,957,277 | ||||||
FMC Corp. | 500 | 45,780 | ||||||
International Flavors & Fragrances, Inc. | 9,315 | 1,245,602 | ||||||
Linde PLC | 16,893 | 4,956,068 | ||||||
LyondellBasell Industries NV, Class A | 21,390 | 2,007,451 | ||||||
Mosaic Co. (The) | 2,922 | 104,374 | ||||||
PPG Industries, Inc. | 775 | 110,833 | ||||||
Valvoline, Inc. | 20,825 | 649,324 | ||||||
Westlake Chemical Corp. | 7,968 | 726,204 | ||||||
|
| |||||||
22,495,333 | ||||||||
|
| |||||||
Commercial Banks 10.6% |
| |||||||
Bank of America Corp. | 191,877 | 8,145,179 | ||||||
Citigroup, Inc. | 107,854 | 7,569,194 | ||||||
Citizens Financial Group, Inc. | 18,613 | 874,439 | ||||||
East West Bancorp, Inc. | 2,390 | 185,321 | ||||||
Fifth Third Bancorp | 86,881 | 3,687,230 | ||||||
Huntington Bancshares, Inc. | 133,410 | 2,062,519 | ||||||
JPMorgan Chase & Co. | 117,851 | 19,291,030 | ||||||
KeyCorp | 66,158 | 1,430,336 | ||||||
M&T Bank Corp. | 3,071 | 458,623 | ||||||
Peoples United Financial, Inc. | 5,834 | 101,920 | ||||||
PNC Financial Services Group, Inc. (The) | 21,675 | 4,240,497 | ||||||
Regions Financial Corp. | 127,643 | 2,720,072 | ||||||
Truist Financial Corp. | 64,730 | 3,796,414 | ||||||
US Bancorp | 22,217 | 1,320,578 | ||||||
Wells Fargo & Co. | 119,103 | 5,527,570 | ||||||
Zions Bancorp NA | 20,193 | 1,249,745 | ||||||
|
| |||||||
62,660,667 | ||||||||
|
| |||||||
Commercial Services & Supplies 0.7% |
| |||||||
Republic Services, Inc. | 36,633 | 4,398,158 | ||||||
|
| |||||||
Communications Equipment 0.1% |
| |||||||
Juniper Networks, Inc. | 28,774 | 791,860 | ||||||
|
| |||||||
Computers & Peripherals 1.5% |
| |||||||
Hewlett Packard Enterprise Co. | 168,468 | 2,400,669 | ||||||
HP, Inc. | 176,918 | 4,840,477 | ||||||
Western Digital Corp. * | 23,295 | 1,314,770 | ||||||
Xerox Holdings Corp. | 2,019 | 40,723 | ||||||
|
| |||||||
8,596,639 | ||||||||
|
| |||||||
Construction & Engineering 0.4% |
| |||||||
AECOM* | 11,462 | 723,825 | ||||||
Quanta Services, Inc. | 13,887 | 1,580,619 | ||||||
|
| |||||||
2,304,444 | ||||||||
|
| |||||||
Construction Materials 0.6% |
| |||||||
Martin Marietta Materials, Inc. | 4,728 | 1,615,463 | ||||||
Vulcan Materials Co. | 11,511 | 1,947,201 | ||||||
|
| |||||||
3,562,664 | ||||||||
|
| |||||||
Consumer Finance 1.8% |
| |||||||
Ally Financial, Inc. | 66,748 | 3,407,485 | ||||||
Capital One Financial Corp. | 34,312 | 5,557,515 | ||||||
Santander Consumer USA Holdings, Inc. | 15,524 | 647,351 | ||||||
Synchrony Financial | 25,544 | 1,248,591 | ||||||
|
| |||||||
10,860,942 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Containers & Packaging 0.7% |
| |||||||
Amcor PLC | 20,769 | $ | 240,713 | |||||
International Paper Co. | 44,343 | 2,479,661 | ||||||
Packaging Corp. of America | 2,898 | 398,301 | ||||||
Sonoco Products Co. | 611 | 36,403 | ||||||
WestRock Co. | 18,046 | 899,232 | ||||||
|
| |||||||
4,054,310 | ||||||||
|
| |||||||
Distributors 0.4% |
| |||||||
Genuine Parts Co. | 2,168 | 262,826 | ||||||
LKQ Corp. * | 37,512 | 1,887,604 | ||||||
|
| |||||||
2,150,430 | ||||||||
|
| |||||||
Diversified Consumer Services 0.0% |
| |||||||
Service Corp. International | 2,896 | 174,513 | ||||||
|
| |||||||
Diversified Financial Services 1.9% |
| |||||||
Berkshire Hathaway, Inc., Class B * | 40,817 | 11,140,592 | ||||||
Voya Financial, Inc. | 4,101 | 251,760 | ||||||
|
| |||||||
11,392,352 | ||||||||
|
| |||||||
Diversified Telecommunication Services 3.3% |
| |||||||
AT&T, Inc. | 480,855 | 12,987,894 | ||||||
Lumen Technologies, Inc. | 139,832 | 1,732,518 | ||||||
Verizon Communications, Inc. | 93,566 | 5,053,500 | ||||||
|
| |||||||
19,773,912 | ||||||||
|
| |||||||
Electric Utilities 0.2% |
| |||||||
NRG Energy, Inc. | 22,148 | 904,303 | ||||||
|
| |||||||
Electrical Equipment 1.0% |
| |||||||
AMETEK, Inc. | 5,351 | 663,578 | ||||||
Eaton Corp. PLC | 24,195 | 3,612,555 | ||||||
Emerson Electric Co. | 8,842 | 832,916 | ||||||
Hubbell, Inc. | 630 | 113,822 | ||||||
Sensata Technologies Holding PLC * | 14,040 | 768,269 | ||||||
|
| |||||||
5,991,140 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components 1.3% |
| |||||||
Arrow Electronics, Inc. * | 7,332 | 823,310 | ||||||
Corning, Inc. | 84,494 | 3,083,186 | ||||||
Flex Ltd. * | 31,420 | 555,506 | ||||||
Jabil, Inc. | 496 | 28,952 | ||||||
SYNNEX Corp. | 1,605 | 167,080 | ||||||
TE Connectivity Ltd. | 20,879 | 2,865,016 | ||||||
Vontier Corp. | 1,095 | 36,792 | ||||||
|
| |||||||
7,559,842 | ||||||||
|
| |||||||
Energy Equipment & Services 0.7% |
| |||||||
Baker Hughes Co. | 20,187 | 499,224 | ||||||
Halliburton Co. | 37,471 | 810,123 | ||||||
Schlumberger NV | 102,176 | 3,028,497 | ||||||
|
| |||||||
4,337,844 | ||||||||
|
| |||||||
Entertainment 1.6% |
| |||||||
Activision Blizzard, Inc. | 21,184 | 1,639,430 | ||||||
Electronic Arts, Inc. | 1,911 | 271,840 | ||||||
Liberty Media Corp-Liberty Formula One, Class A * | 1,097 | 51,614 | ||||||
Liberty Media Corp. - Liberty Formula One, Class C * | 2,194 | 112,793 | ||||||
Madison Square Garden Entertainment Corp. * | 443 | 32,193 | ||||||
Walt Disney Co. (The) * | 43,240 | 7,314,911 | ||||||
|
| |||||||
9,422,781 | ||||||||
|
|
SHARES | VALUE | |||||||
Food & Staples Retailing 2.7% |
| |||||||
Kroger Co. (The) | 62,007 | $ | 2,506,943 | |||||
US Foods Holding Corp. * | 20,840 | 722,314 | ||||||
Walgreens Boots Alliance, Inc. | 58,847 | 2,768,751 | ||||||
Walmart, Inc. | 71,004 | 9,896,538 | ||||||
|
| |||||||
15,894,546 | ||||||||
|
| |||||||
Food Products 2.9% |
| |||||||
Archer-Daniels-Midland Co. | 24,965 | 1,498,150 | ||||||
Bunge Ltd. | 12,845 | 1,044,555 | ||||||
Campbell Soup Co. | 1,176 | 49,169 | ||||||
Conagra Brands, Inc. | 19,827 | 671,540 | ||||||
Darling Ingredients, Inc. * | 3,600 | 258,840 | ||||||
General Mills, Inc. | 35,323 | 2,113,022 | ||||||
Hormel Foods Corp. | 5,728 | 234,848 | ||||||
J.M. Smucker Co. (The) | 18,272 | 2,193,188 | ||||||
Kraft Heinz Co. (The) | 22,320 | 821,822 | ||||||
McCormick & Co., Inc. | 1,921 | 155,659 | ||||||
Mondelez International, Inc., Class A | 68,798 | 4,002,668 | ||||||
Post Holdings, Inc. * | 8,176 | 900,668 | ||||||
Seaboard Corp. | 22 | 90,200 | ||||||
Tyson Foods, Inc., Class A | 41,844 | 3,303,165 | ||||||
|
| |||||||
17,337,494 | ||||||||
|
| |||||||
Health Care Equipment & Supplies 2.8% |
| |||||||
Abbott Laboratories | 5,886 | 695,313 | ||||||
Baxter International, Inc. | 14,838 | 1,193,420 | ||||||
Becton Dickinson & Co. | 3,788 | 931,166 | ||||||
Boston Scientific Corp. * | 7,514 | 326,033 | ||||||
Cooper Cos., Inc. (The) | 137 | 56,624 | ||||||
Danaher Corp. | 20,418 | 6,216,056 | ||||||
Envista Holdings Corp. * | 5,768 | 241,160 | ||||||
Hologic, Inc. * | 1,401 | 103,408 | ||||||
Medtronic PLC | 39,242 | 4,918,985 | ||||||
STERIS PLC | 3,637 | 742,966 | ||||||
Zimmer Biomet Holdings, Inc. | 8,154 | 1,193,419 | ||||||
|
| |||||||
16,618,550 | ||||||||
|
| |||||||
Health Care Providers & Services 6.2% |
| |||||||
Anthem, Inc. | 16,948 | 6,318,214 | ||||||
Centene Corp. * | 30,640 | 1,909,178 | ||||||
CIGNA Corp. | 25,444 | 5,092,871 | ||||||
CVS Health Corp. | 100,760 | 8,550,494 | ||||||
DaVita, Inc. * | 9,721 | 1,130,164 | ||||||
Henry Schein, Inc. * | 3,777 | 287,656 | ||||||
Humana, Inc. | 9,747 | 3,793,045 | ||||||
Laboratory Corp. of America Holdings * | 16,237 | 4,569,741 | ||||||
McKesson Corp. | 1,984 | 395,570 | ||||||
Quest Diagnostics, Inc. | 19,764 | 2,871,907 | ||||||
UnitedHealth Group, Inc. | 1,004 | 392,303 | ||||||
Universal Health Services, Inc., Class B | 10,322 | 1,428,255 | ||||||
|
| |||||||
36,739,398 | ||||||||
|
| |||||||
Health Care Technology 0.1% |
| |||||||
Cerner Corp. | 4,537 | 319,949 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure 0.7% |
| |||||||
Aramark | 21,546 | 708,002 | ||||||
Carnival Corp. * | 27,865 | 696,904 | ||||||
Hyatt Hotels Corp., Class A * | 3,874 | 298,685 | ||||||
MGM Resorts International | 30,154 | 1,301,145 | ||||||
Royal Caribbean Cruises Ltd. * | 13,617 | 1,211,232 | ||||||
|
| |||||||
4,215,968 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Household Durables 2.5% |
| |||||||
DR Horton, Inc. | 63,140 | $ | 5,301,866 | |||||
Garmin Ltd. | 12,982 | 2,018,182 | ||||||
Lennar Corp., B Shares | 573 | 44,459 | ||||||
Lennar Corp., Class A | 23,116 | 2,165,507 | ||||||
Mohawk Industries, Inc. * | 1,711 | 303,531 | ||||||
Newell Brands, Inc. | 11,135 | 246,529 | ||||||
PulteGroup, Inc. | 50,018 | 2,296,827 | ||||||
Toll Brothers, Inc. | 4,225 | 233,600 | ||||||
Whirlpool Corp. | 12,182 | 2,483,422 | ||||||
|
| |||||||
15,093,923 | ||||||||
|
| |||||||
Independent Power Producers & Energy Traders 0.1% |
| |||||||
Vistra Corp. | 25,467 | 435,486 | ||||||
|
| |||||||
Industrial Conglomerates 0.2% |
| |||||||
General Electric Co. | 10,991 | 1,132,403 | ||||||
Roper Technologies, Inc. | 366 | 163,283 | ||||||
|
| |||||||
1,295,686 | ||||||||
|
| |||||||
Insurance 4.5% |
| |||||||
Aflac, Inc. | 32,730 | 1,706,215 | ||||||
Alleghany Corp. * | 855 | 533,871 | ||||||
Allstate Corp. (The) | 16,938 | 2,156,377 | ||||||
American Financial Group, Inc. | 6,623 | 833,372 | ||||||
American International Group, Inc. | 29,118 | 1,598,287 | ||||||
Arch Capital Group Ltd. * | 11,691 | 446,362 | ||||||
Assurant, Inc. | 4,786 | 754,992 | ||||||
Athene Holding Ltd., Class A * | 1,982 | 136,500 | ||||||
Chubb Ltd. | 11,440 | 1,984,611 | ||||||
Cincinnati Financial Corp. | 370 | 42,261 | ||||||
CNA Financial Corp. | 4,467 | 187,435 | ||||||
Everest Re Group Ltd. | 2,445 | 613,157 | ||||||
Fidelity National Financial, Inc. | 1,515 | 68,690 | ||||||
Hartford Financial Services Group, Inc. (The) | 49,258 | 3,460,374 | ||||||
Lincoln National Corp. | 14,235 | 978,656 | ||||||
Loews Corp. | 18,402 | 992,420 | ||||||
Markel Corp. * | 116 | 138,635 | ||||||
MetLife, Inc. | 22,118 | 1,365,344 | ||||||
Old Republic International Corp. | 23,484 | 543,185 | ||||||
Principal Financial Group, Inc. | 32,419 | 2,087,784 | ||||||
Prudential Financial, Inc. | 13,723 | 1,443,660 | ||||||
Reinsurance Group of America, Inc. | 4,267 | 474,746 | ||||||
RenaissanceRe Holdings Ltd. | 2,534 | 353,240 | ||||||
Travelers Companies, Inc. (The) | 23,169 | 3,521,920 | ||||||
W. R. Berkley Corp. | 5,014 | 366,925 | ||||||
|
| |||||||
26,789,019 | ||||||||
|
| |||||||
IT Services 1.5% |
| |||||||
Akamai Technologies, Inc. * | 3,310 | 346,193 | ||||||
Amdocs Ltd. | 15,213 | 1,151,776 | ||||||
Cognizant Technology Solutions Corp., Class A | 21,948 | 1,628,761 | ||||||
Concentrix Corp. * | 1,605 | 284,085 | ||||||
DXC Technology Co. * | 20,249 | 680,569 | ||||||
Fidelity National Information Services, Inc. | 18,351 | 2,232,950 | ||||||
Fiserv, Inc. * | 12,529 | 1,359,396 | ||||||
Global Payments, Inc. | 3,897 | 614,089 | ||||||
International Business Machines Corp. | 4,948 | 687,426 | ||||||
|
| |||||||
8,985,245 | ||||||||
|
| |||||||
Life Sciences Tools & Services 1.8% |
| |||||||
Bio-Rad Laboratories, Inc., Class A * | 172 | 128,303 | ||||||
IQVIA Holdings, Inc. * | 2,786 | 667,359 | ||||||
PerkinElmer, Inc. | 3,201 | 554,701 | ||||||
Thermo Fisher Scientific, Inc. | 16,006 | 9,144,708 | ||||||
|
| |||||||
10,495,071 | ||||||||
|
|
SHARES | VALUE | |||||||
Machinery 3.1% |
| |||||||
AGCO Corp. | 8,548 | $ | 1,047,386 | |||||
Cummins, Inc. | 10,946 | 2,458,034 | ||||||
Dover Corp. | 8,822 | 1,371,821 | ||||||
Fortive Corp. | 7,311 | 515,937 | ||||||
Ingersoll Rand, Inc. * | 14,939 | 753,075 | ||||||
Oshkosh Corp. | 7,274 | 744,639 | ||||||
Otis Worldwide Corp. | 25,885 | 2,129,818 | ||||||
PACCAR, Inc. | 20,694 | 1,633,171 | ||||||
Parker-Hannifin Corp. | 6,950 | 1,943,359 | ||||||
Pentair PLC | 20,400 | 1,481,652 | ||||||
Snap-On, Inc. | 6,351 | 1,327,042 | ||||||
Stanley Black & Decker, Inc. | 14,985 | 2,627,020 | ||||||
Westinghouse Air Brake Technologies Corp. | 5,333 | 459,758 | ||||||
|
| |||||||
18,492,712 | ||||||||
|
| |||||||
Media 5.2% |
| |||||||
Charter Communications, Inc., Class A * | 8,995 | 6,544,402 | ||||||
Comcast Corp., Class A | 296,425 | 16,579,050 | ||||||
Discovery, Inc., Class A * | 21,200 | 538,056 | ||||||
Discovery, Inc., Class C * | 35,235 | 855,153 | ||||||
DISH Network Corp., Class A * | 12,654 | 549,943 | ||||||
Fox Corp. Class A | 24,883 | 998,057 | ||||||
Fox Corp. Class B | 11,841 | 439,538 | ||||||
Interpublic Group of Cos., Inc. (The) | 17,681 | 648,362 | ||||||
Liberty Broadband Corp., Class C * | 3,887 | 671,285 | ||||||
Liberty Media Corp. - Liberty Siriusxm, Class A * | 4,389 | 207,029 | ||||||
Liberty Media Corp. - Liberty Siriusxm, Class C * | 8,778 | 416,692 | ||||||
News Corp., Class A | 8,320 | 195,770 | ||||||
News Corp., Class B | 1,734 | 40,281 | ||||||
Omnicom Group, Inc. | 1,501 | 108,762 | ||||||
ViacomCBS, Inc. Class A | 900 | 37,863 | ||||||
ViacomCBS, Inc. Class B | 44,427 | 1,755,311 | ||||||
|
| |||||||
30,585,554 | ||||||||
|
| |||||||
Metals & Mining 2.4% |
| |||||||
Arconic Corp. * | 5,032 | 158,709 | ||||||
Cleveland-Cliffs, Inc. *@ | 9,779 | 193,722 | ||||||
Freeport-McMoRan, Inc. | 116,560 | 3,791,697 | ||||||
Newmont Corp. | 46,812 | 2,541,891 | ||||||
Nucor Corp. | 41,998 | 4,136,383 | ||||||
Reliance Steel & Aluminum Co. | 9,348 | 1,331,342 | ||||||
Royal Gold, Inc. | 1,245 | 118,885 | ||||||
Steel Dynamics, Inc. | 33,820 | 1,977,794 | ||||||
|
| |||||||
14,250,423 | ||||||||
|
| |||||||
Multi-Utilities 0.0% |
| |||||||
MDU Resources Group, Inc. | 5,121 | 151,940 | ||||||
Multiline Retail 0.2% |
| |||||||
Dollar Tree, Inc. * | 11,441 | 1,095,133 | ||||||
Kohls Corp. | 2,215 | 104,304 | ||||||
Target Corp. | 361 | 82,586 | ||||||
|
| |||||||
1,282,023 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels 6.7% |
| |||||||
Chevron Corp. | 52,095 | 5,285,038 | ||||||
ConocoPhillips | 106,289 | 7,203,206 | ||||||
Continental Resources, Inc. | 1,401 | 64,656 | ||||||
Devon Energy Corp. | 2,042 | 72,511 | ||||||
EOG Resources, Inc. | 23,992 | 1,925,838 | ||||||
Exxon Mobil Corp. | 138,682 | 8,157,275 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Oil, Gas & Consumable Fuels (Continued) |
| |||||||
Hess Corp. | 22,619 | $ | 1,766,770 | |||||
HollyFrontier Corp. | 471 | 15,604 | ||||||
Kinder Morgan, Inc. | 99,639 | 1,666,960 | ||||||
Marathon Petroleum Corp. | 46,958 | 2,902,474 | ||||||
Occidental Petroleum Corp. | 69,831 | 2,065,601 | ||||||
ONEOK, Inc. | 18,131 | 1,051,417 | ||||||
Phillips 66 | 21,987 | 1,539,750 | ||||||
Pioneer Natural Resources Co. | 11,504 | 1,915,531 | ||||||
Targa Resources Corp. | 3,005 | 147,876 | ||||||
Valero Energy Corp. | 30,369 | 2,143,140 | ||||||
Williams Cos., Inc. (The) | 63,850 | 1,656,269 | ||||||
|
| |||||||
39,579,916 | ||||||||
|
| |||||||
Personal Products 0.0% |
| |||||||
Coty, Inc., Class A * | 22,181 | 174,343 | ||||||
|
| |||||||
Pharmaceuticals 3.7% |
| |||||||
Bristol-Myers Squibb Co. | 79,049 | 4,677,329 | ||||||
Jazz Pharmaceuticals PLC * | 4,730 | 615,893 | ||||||
Perrigo Co. PLC | 1,356 | 64,180 | ||||||
Pfizer, Inc. | 364,201 | 15,664,285 | ||||||
Viatris, Inc. | 69,023 | 935,262 | ||||||
|
| |||||||
21,956,949 | ||||||||
|
| |||||||
Professional Services 0.6% |
| |||||||
Jacobs Engineering Group, Inc. | 8,552 | 1,133,397 | ||||||
Leidos Holdings, Inc. | 16,200 | 1,557,306 | ||||||
Manpowergroup, Inc. | 3,675 | 397,929 | ||||||
Nielsen Holdings PLC | 25,197 | 483,530 | ||||||
|
| |||||||
3,572,162 | ||||||||
|
| |||||||
Real Estate Management & Development 0.6% |
| |||||||
CBRE Group, Inc., Class A * | 19,100 | 1,859,576 | ||||||
Jones Lang LaSalle, Inc. * | 5,491 | 1,362,262 | ||||||
|
| |||||||
3,221,838 | ||||||||
|
| |||||||
Road & Rail 2.0% |
| |||||||
AMERCO | 2,003 | 1,293,998 | ||||||
CSX Corp. | 42,793 | 1,272,664 | ||||||
Kansas City Southern | 14,222 | 3,849,042 | ||||||
Norfolk Southern Corp. | 16,650 | 3,983,512 | ||||||
XPO Logistics, Inc. * | 15,841 | 1,260,627 | ||||||
|
| |||||||
11,659,843 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment 4.7% |
| |||||||
Analog Devices, Inc. | 10,368 | 1,736,433 | ||||||
Intel Corp. | 270,827 | 14,429,662 | ||||||
Lam Research Corp. | 109 | 62,037 | ||||||
Marvell Technology, Inc. | 18,929 | 1,141,608 | ||||||
Micron Technology, Inc. | 89,095 | 6,323,963 | ||||||
ON Semiconductor Corp. * | 41,142 | 1,883,069 | ||||||
Qorvo, Inc. * | 11,125 | 1,859,989 | ||||||
Skyworks Solutions, Inc. | 4,292 | 707,236 | ||||||
|
| |||||||
28,143,997 | ||||||||
|
| |||||||
Software 0.1% |
| |||||||
NortonLifeLock, Inc. | 3,129 | 79,164 | ||||||
SS&C Technologies Holdings, Inc. | 7,467 | 518,210 | ||||||
|
| |||||||
597,374 | ||||||||
|
| |||||||
Specialty Retail 0.4% |
| |||||||
Advance Auto Parts, Inc. | 4,932 | 1,030,246 | ||||||
Carmax, Inc. * | 8,119 | 1,038,907 |
SHARES | VALUE | |||||||
Gap, Inc. (The) | 8,944 | $ | 203,029 | |||||
Lithia Motors, Inc. | 400 | 126,816 | ||||||
|
| |||||||
2,398,998 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods 0.3% |
| |||||||
PVH Corp. * | 7,382 | 758,796 | ||||||
Ralph Lauren Corp. | 4,113 | 456,708 | ||||||
Tapestry, Inc. | 12,722 | 470,968 | ||||||
|
| |||||||
1,686,472 | ||||||||
Thrifts & Mortgage Finance 0.0% |
| |||||||
New York Community Bancorp, Inc. | 8,435 | 108,558 | ||||||
|
| |||||||
Trading Companies & Distributors 0.3% |
| |||||||
United Rentals, Inc. * | 5,460 | 1,916,078 | ||||||
|
| |||||||
Wireless Telecommunication Services 0.6% |
| |||||||
T-Mobile US, Inc. * | 29,534 | 3,773,264 | ||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 592,103,737 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS 0.2% |
| |||||||
Investment Company 0.2% |
| |||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 1,327,803 | 1,327,803 | ||||||
|
| |||||||
Collateral For Securities On Loan 0.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 100,450 | 100,450 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS |
| 1,428,253 | ||||||
|
| |||||||
Total Investments 100.0% |
| 593,531,990 | ||||||
Cash and Other Assets, Less Liabilities 0.0% | 189,081 | |||||||
|
| |||||||
Net Assets 100.0% |
| $ | 593,721,071 | |||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $194,259. |
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Financials | 23.2 | % | ||
Health Care | 15.6 | % | ||
Industrials | 13.5 | % | ||
Communication Services | 10.7 | % | ||
Information Technology | 9.2 | % | ||
Materials | 7.5 | % | ||
Energy | 7.4 | % | ||
Consumer Discretionary | 6.6 | % | ||
Consumer Staples | 6.0 | % | ||
Utilities | 0.3 | % | ||
|
| |||
100.0 | % |
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.8% |
| |||||||
Aerospace & Defense 1.3% |
| |||||||
AAR Corp. * | 4,090 | $ | 132,639 | |||||
Aerojet Rocketdyne Holdings, Inc. | 13,783 | 600,250 | ||||||
Aerovironment, Inc. * | 2,697 | 232,805 | ||||||
Astronics Corp. * | 2,252 | 31,663 | ||||||
Astronics Corp. Class B * | 693 | 9,841 | ||||||
Axon Enterprise, Inc. * | 4,947 | 865,824 | ||||||
BWX Technologies, Inc. | 3,927 | 211,508 | ||||||
CPI Aerostructures, Inc. * | 1,342 | 3,690 | ||||||
Curtiss-Wright Corp. | 2,577 | 325,166 | ||||||
Ducommun, Inc. * | 1,489 | 74,971 | ||||||
HEXCEL Corp. * | 5,671 | 336,801 | ||||||
Innovative Solutions & Support, Inc. | 3,248 | 23,223 | ||||||
Kaman Corp. | 3,031 | 108,116 | ||||||
Kratos Defense & Security Solutions, Inc. * | 11,721 | 261,496 | ||||||
Mercury Systems, Inc. * | 4,277 | 202,815 | ||||||
Moog, Inc., Class A | 3,236 | 246,680 | ||||||
National Presto Industries, Inc. | 972 | 79,782 | ||||||
Park Aerospace Corp. | 2,501 | 34,214 | ||||||
SIFCO Industries, Inc. * | 1,187 | 10,208 | ||||||
Textron, Inc. | 10,503 | 733,214 | ||||||
Vectrus, Inc. * | 1,947 | 97,895 | ||||||
|
| |||||||
4,622,801 | ||||||||
|
| |||||||
Air Freight & Logistics 0.3% |
| |||||||
Air Transport Services Group, Inc. * | 7,789 | 201,034 | ||||||
Atlas Air Worldwide Holdings, Inc. * | 3,175 | 259,334 | ||||||
Echo Global Logistics, Inc. * | 3,139 | 149,762 | ||||||
Forward Air Corp. | 3,327 | 276,207 | ||||||
HUB Group, Inc., Class A * | 4,420 | 303,875 | ||||||
Radiant Logistics, Inc. * | 6,146 | 39,273 | ||||||
|
| |||||||
1,229,485 | ||||||||
|
| |||||||
Airlines 0.5% |
| |||||||
Alaska Air Group, Inc. * | 7,723 | 452,568 | ||||||
Allegiant Travel Co. * | 2,046 | 399,952 | ||||||
American Airlines Group, Inc. * | 2,954 | 60,616 | ||||||
Hawaiian Holdings, Inc. * | 6,255 | 135,483 | ||||||
JetBlue Airways Corp. * | 18,686 | 285,709 | ||||||
Skywest, Inc. * | 6,354 | 313,507 | ||||||
Spirit Airlines, Inc. * | 3,315 | 85,991 | ||||||
|
| |||||||
1,733,826 | ||||||||
|
| |||||||
Auto Components 1.7% |
| |||||||
American Axle & Manufacturing Holdings, Inc. * | 11,103 | 97,817 | ||||||
Autoliv, Inc. | 5,490 | 470,603 | ||||||
BorgWarner, Inc. | 15,123 | 653,465 | ||||||
Cooper-Standard Holdings, Inc. * | 1,529 | 33,500 | ||||||
Dana, Inc. | 16,073 | 357,464 | ||||||
Dorman Products, Inc. * | 3,941 | 373,094 | ||||||
Fox Factory Holding Corp. * | 5,740 | 829,660 | ||||||
Gentex Corp. | 15,377 | 507,133 | ||||||
Gentherm, Inc. * | 4,234 | 342,658 | ||||||
Goodyear Tire & Rubber Co. (The) * | 21,163 | 374,585 | ||||||
Horizon Global Corp. * | 1,725 | 12,127 | ||||||
LCI Industries | 3,827 | 515,229 | ||||||
Lear Corp. | 4,020 | 629,050 | ||||||
Modine Manufacturing Co. * | 6,449 | 73,067 | ||||||
Motorcar Parts of America, Inc. * | 2,267 | 44,206 | ||||||
Patrick Industries, Inc. | 3,182 | 265,061 | ||||||
Standard Motor Products, Inc. | 3,061 | 133,796 | ||||||
Stoneridge, Inc. * | 3,762 | 76,707 | ||||||
Strattec Security Corp. * | 941 | 36,605 | ||||||
Tenneco, Inc. Class A * | 5,563 | 79,384 | ||||||
Visteon Corp. * | 3,231 | 304,974 | ||||||
|
| |||||||
6,210,185 | ||||||||
|
|
SHARES | VALUE | |||||||
Automobiles 0.2% |
| |||||||
Harley-Davidson, Inc. | 9,600 | $ | 351,456 | |||||
Thor Industries, Inc. | 1,091 | 133,931 | ||||||
Winnebago Industries, Inc. | 4,142 | 300,088 | ||||||
|
| |||||||
785,475 | ||||||||
|
| |||||||
Beverages 0.5% |
| |||||||
Boston Beer Co., Inc. (The), Class A * | 239 | 121,830 | ||||||
Celsius Holdings, Inc. * | 675 | 60,811 | ||||||
Coca-Cola Consolidated, Inc. | 1,082 | 426,503 | ||||||
MGP Ingredients, Inc. @ | 1,851 | 120,500 | ||||||
Molson Coors Beverage Co., Class B | 12,855 | 596,215 | ||||||
National Beverage Corp. | 8,395 | 440,653 | ||||||
|
| |||||||
1,766,512 | ||||||||
|
| |||||||
Biotechnology 3.2% |
| |||||||
Acadia Pharmaceuticals, Inc. * | 548 | 9,102 | ||||||
Acceleron Pharma, Inc. * | 4,629 | 796,651 | ||||||
Adverum Biotechnologies, Inc. *@ | 8,282 | 17,972 | ||||||
Agios Pharmaceuticals, Inc. *@ | 454 | 20,952 | ||||||
Akebia Therapeutics, Inc. * | 5,200 | 14,976 | ||||||
Akero Therapeutics, Inc. *@ | 1,300 | 29,055 | ||||||
Albireo Pharma, Inc. * | 1,018 | 31,762 | ||||||
Alkermes PLC * | 6,509 | 200,738 | ||||||
AnaptysBio, Inc. * | 1,482 | 40,192 | ||||||
Anika Therapeutics, Inc. * | 1,795 | 76,395 | ||||||
Applied Genetic Technologies Corp. * | 2,241 | 6,745 | ||||||
Applied Therapeutics, Inc. *@ | 564 | 9,362 | ||||||
Aravive, Inc. * | 1,937 | 7,206 | ||||||
Arcutis Biotherapeutics, Inc. * | 3,374 | 80,605 | ||||||
Arena Pharmaceuticals, Inc. * | 2,953 | 175,851 | ||||||
Avid Bioservices, Inc. * | 5,039 | 108,691 | ||||||
Beyondspring, Inc. * | 1,100 | 17,336 | ||||||
Biohaven Pharmaceutical Holding Co. Ltd. * | 2,020 | 280,598 | ||||||
Bluebird Bio, Inc. * | 4,024 | 76,899 | ||||||
Blueprint Medicines Corp. * | 779 | 80,089 | ||||||
Bridgebio Pharma, Inc. *@ | 11,537 | 540,739 | ||||||
Calithera Biosciences, Inc. * | 3,632 | 7,918 | ||||||
Catalyst Pharmaceuticals, Inc. * | 7,034 | 37,280 | ||||||
Celldex Therapeutics, Inc. * | 7 | 378 | ||||||
Chimerix, Inc. * | 11,001 | 68,096 | ||||||
Chinook Therapeutics, Inc. * | 1,563 | 19,944 | ||||||
Concert Pharmaceuticals, Inc. * | 4,026 | 13,165 | ||||||
Corvus Pharmaceuticals, Inc. *@ | 1,065 | 5,155 | ||||||
Crinetics Pharmaceuticals, Inc. * | 551 | 11,599 | ||||||
CRISPR Therapeutics AG * | 3,902 | 436,751 | ||||||
Deciphera Pharmaceuticals, Inc. * | 600 | 20,388 | ||||||
Denali Therapeutics, Inc. * | 7,124 | 359,406 | ||||||
Eagle Pharmaceuticals, Inc. * | 488 | 27,221 | ||||||
Editas Medicine, Inc. * | 2,552 | 104,836 | ||||||
Emergent BioSolutions, Inc. * | 6,556 | 328,259 | ||||||
Enanta Pharmaceuticals, Inc. * | 2,226 | 126,459 | ||||||
Exelixis, Inc. * | 24,103 | 509,537 | ||||||
Fate Therapeutics, Inc. * | 6,842 | 405,525 | ||||||
Frequency Therapeutics, Inc. *@ | 375 | 2,647 | ||||||
G1 Therapeutics, Inc. *@ | 2,450 | 32,879 | ||||||
Global Blood Therapeutics, Inc. * | 586 | 14,931 | ||||||
Halozyme Therapeutics, Inc. * | 10,812 | 439,832 | ||||||
Intellia Therapeutics, Inc. * | 5,480 | 735,142 | ||||||
Ironwood Pharmaceuticals, Inc. * | 11,743 | 153,364 | ||||||
IVERIC bio, Inc. * | 3,627 | 58,902 | ||||||
Karuna Therapeutics, Inc. * | 1,623 | 198,542 | ||||||
Krystal Biotech, Inc. * | 1,598 | 83,432 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Biotechnology (Continued) |
| |||||||
Ligand Pharmaceuticals, Inc. * | 1,727 | $ | 240,606 | |||||
MacroGenics, Inc. * | 3,231 | 67,657 | ||||||
Madrigal Pharmaceuticals, Inc. * | 145 | 11,570 | ||||||
Magenta Therapeutics, Inc. *@ | 2,028 | 14,764 | ||||||
MeiraGTx Holdings PLC * | 697 | 9,186 | ||||||
Merrimack Pharmaceuticals, Inc. * | 2,761 | 13,336 | ||||||
Mirati Therapeutics, Inc. * | 2,674 | 473,057 | ||||||
Morphic Holding, Inc. * | 2,220 | 125,741 | ||||||
Myriad Genetics, Inc. * | 8,130 | 262,518 | ||||||
Natera, Inc. * | 6,591 | 734,501 | ||||||
Neurocrine Biosciences, Inc. * | 7,426 | 712,228 | ||||||
Oncocyte Corp. * | 1,900 | 6,764 | ||||||
OPKO Health, Inc. *@ | 23,063 | 84,180 | ||||||
PDL BioPharma, Inc. *§ | 18,262 | 16,915 | ||||||
Protagonist Therapeutics, Inc. * | 3,199 | 56,686 | ||||||
Prothena Corp. PLC * | 1,041 | 74,150 | ||||||
REGENXBIO, Inc. * | 2,291 | 96,039 | ||||||
Replimune Group, Inc. * | 2,085 | 61,799 | ||||||
Rigel Pharmaceuticals, Inc. * | 3,870 | 14,048 | ||||||
Rocket Pharmaceuticals, Inc. * | 1,006 | 30,069 | ||||||
Rubius Therapeutics, Inc. * | 510 | 9,119 | ||||||
Sage Therapeutics, Inc. * | 662 | 29,333 | ||||||
Sangamo Therapeutics, Inc. * | 5,198 | 46,834 | ||||||
Spectrum Pharmaceuticals, Inc. *@ | 4,922 | 10,730 | ||||||
Spero Therapeutics, Inc. *@ | 800 | 14,728 | ||||||
SpringWorks Therapeutics, Inc. * | 3,101 | 196,727 | ||||||
Stoke Therapeutics, Inc. * | 478 | 12,160 | ||||||
Sutro Biopharma, Inc. * | 1,796 | 33,926 | ||||||
Syndax Pharmaceuticals, Inc. * | 5,678 | 108,507 | ||||||
Travere Therapeutics, Inc. * | 5,878 | 142,541 | ||||||
Twist Bioscience Corp. * | 611 | 65,359 | ||||||
Ultragenyx Pharmaceutical, Inc. * | 3,298 | 297,447 | ||||||
United Therapeutics Corp. * | 3,253 | 600,439 | ||||||
Vanda Pharmaceuticals, Inc. * | 2,350 | 40,279 | ||||||
Verastem, Inc. * | 9,653 | 29,731 | ||||||
Vericel Corp. *@ | 3,482 | 169,922 | ||||||
Viking Therapeutics, Inc. *@ | 1,800 | 11,304 | ||||||
Xencor, Inc. * | 1,697 | 55,424 | ||||||
Y-mAbs Therapeutics, Inc. * | 802 | 22,889 | ||||||
|
| |||||||
11,826,717 | ||||||||
|
| |||||||
Building Products 2.4% |
| |||||||
A.O. Smith Corp. | 8,970 | 547,798 | ||||||
AAON, Inc. | 7,440 | 486,130 | ||||||
Advanced Drainage Systems, Inc. | 9,026 | 976,342 | ||||||
American Woodmark Corp. * | 1,857 | 121,392 | ||||||
Apogee Enterprises, Inc. | 2,316 | 87,452 | ||||||
Armstrong Flooring, Inc. * | 3,460 | 10,830 | ||||||
Armstrong World Industries, Inc. | 5,723 | 546,375 | ||||||
Builders FirstSource, Inc. * | 25,775 | 1,333,598 | ||||||
Carlisle Cos., Inc. | 3,012 | 598,755 | ||||||
Cornerstone Building Brands, Inc. * | 3,775 | 55,153 | ||||||
CSW Industrials, Inc. | 1,174 | 149,920 | ||||||
Gibraltar Industries, Inc. * | 3,698 | 257,566 | ||||||
Griffon Corp. | 6,918 | 170,183 | ||||||
Insteel Industries, Inc. | 2,278 | 86,678 | ||||||
Lennox International, Inc. | 1,677 | 493,323 | ||||||
Masonite International Corp. * | 169 | 17,936 | ||||||
Owens Corning | 6,683 | 571,396 |
SHARES | VALUE | |||||||
PGT Innovations, Inc. * | 6,635 | $ | 126,729 | |||||
Quanex Building Products Corp. | 3,883 | 83,135 | ||||||
Simpson Manufacturing Co., Inc. | 4,885 | 522,548 | ||||||
Trex Co., Inc. * | 10,510 | 1,071,284 | ||||||
UFP Industries, Inc. | 7,021 | 477,288 | ||||||
|
| |||||||
8,791,811 | ||||||||
|
| |||||||
Capital Markets 2.6% |
| |||||||
Affiliated Managers Group, Inc. | 2,522 | 381,049 | ||||||
Artisan Partners Asset Management, Inc., Class A | 8,000 | 391,360 | ||||||
BGC Partners, Inc., Class A | 27,768 | 144,671 | ||||||
Blucora, Inc. * | 10,400 | 162,136 | ||||||
Brightsphere Investment Group, Inc. | 5,801 | 151,580 | ||||||
Cohen & Steers, Inc. | 5,680 | 475,814 | ||||||
Cowen, Inc. Class A | 3,442 | 118,095 | ||||||
Diamond Hill Investment Group, Inc. | 289 | 50,766 | ||||||
Donnelley Financial Solutions, Inc. * | 4,189 | 145,023 | ||||||
Evercore, Inc., Class A | 4,065 | 543,369 | ||||||
Federated Hermes, Inc. | 10,797 | 350,903 | ||||||
GAMCO Investors, Inc., Class A | 1,200 | 31,656 | ||||||
Greenhill & Co., Inc. | 2,413 | 35,278 | ||||||
Houlihan Lokey, Inc. | 1,002 | 92,284 | ||||||
Invesco Ltd. | 24,055 | 579,966 | ||||||
Janus Henderson Group PLC | 14,636 | 604,906 | ||||||
Jefferies Financial Group, Inc. | 21,621 | 802,788 | ||||||
Lazard Ltd., Class A | 6,742 | 308,784 | ||||||
LPL Financial Holdings, Inc. | 5,475 | 858,261 | ||||||
Manning & Napier, Inc. | 2,524 | 23,044 | ||||||
Moelis & Co., Class A | 3,389 | 209,677 | ||||||
Morningstar, Inc. | 2,847 | 737,458 | ||||||
Oppenheimer Holdings, Inc., Class A | 1,743 | 78,940 | ||||||
Piper Sandler Cos. | 2,274 | 314,858 | ||||||
PJT Partners, Inc., Class A | 597 | 47,229 | ||||||
Pzena Investment Management, Inc., Class A | 2,375 | 23,370 | ||||||
Safeguard Scientifics, Inc. * | 2,580 | 22,910 | ||||||
SEI Investments Co. | 4,432 | 262,818 | ||||||
Silvercrest Asset Management Group, Inc., Class A | 759 | 11,825 | ||||||
Stifel Financial Corp. | 15,160 | 1,030,274 | ||||||
Stonex Group, Inc. * | 2,437 | 160,598 | ||||||
Virtu Financial, Inc., Class A | 4,501 | 109,959 | ||||||
Virtus Investment Partners, Inc. | 969 | 300,700 | ||||||
Westwood Holdings Group, Inc. | 1,157 | 21,983 | ||||||
WisdomTree Investments, Inc. | 14,777 | 83,786 | ||||||
|
| |||||||
9,668,118 | ||||||||
|
| |||||||
Chemicals 2.9% |
| |||||||
Advanced Emissions Solutions, Inc. * | 2,266 | 14,480 | ||||||
AdvanSix, Inc. * | 3,198 | 127,120 | ||||||
American Vanguard Corp. | 3,554 | 53,488 | ||||||
Ashland Global Holdings, Inc. | 3,184 | 283,758 | ||||||
Avient Corp. | 10,014 | 464,149 | ||||||
Axalta Coating Systems Ltd. * | 16,030 | 467,916 | ||||||
Balchem Corp. | 3,741 | 542,707 | ||||||
Cabot Corp. | 5,869 | 294,154 | ||||||
CF Industries Holdings, Inc. | 11,672 | 651,531 | ||||||
Chase Corp. | 1,529 | 156,187 | ||||||
Chemours Co. (The) | 8,849 | 257,152 | ||||||
Core Molding Technologies, Inc. * | 1,500 | 17,265 | ||||||
Ecovyst, Inc. | 1,340 | 15,624 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Chemicals (Continued) |
| |||||||
Element Solutions, Inc. | 26,663 | $ | 578,054 | |||||
Ferro Corp. * | 10,936 | 222,438 | ||||||
FMC Corp. | 3,740 | 342,434 | ||||||
FutureFuel Corp. | 4,517 | 32,206 | ||||||
GCP Applied Technologies, Inc. * | 2,256 | 49,452 | ||||||
H.B. Fuller Co. | 6,101 | 393,881 | ||||||
Hawkins, Inc. | 2,648 | 92,362 | ||||||
Huntsman Corp. | 12,047 | 356,471 | ||||||
Ingevity Corp. * | 948 | 67,659 | ||||||
Innospec, Inc. | 2,704 | 227,731 | ||||||
Intrepid Potash, Inc. * | 1,589 | 49,100 | ||||||
Koppers Holdings, Inc. * | 2,308 | 72,148 | ||||||
Kraton Corp. * | 3,938 | 179,730 | ||||||
Kronos Worldwide, Inc. | 6,686 | 82,973 | ||||||
Livent Corp. *@ | 1,509 | 34,873 | ||||||
Minerals Technologies, Inc. | 3,887 | 271,468 | ||||||
Mosaic Co. (The) | 23,505 | 839,599 | ||||||
NewMarket Corp. | 504 | 170,740 | ||||||
Olin Corp. | 3,715 | 179,249 | ||||||
Quaker Chemical Corp. | 30 | 7,132 | ||||||
Rayonier Advanced Materials, Inc. * | 6,292 | 47,190 | ||||||
RPM International, Inc. | 6,495 | 504,337 | ||||||
Scotts Miracle-Gro Co. (The) | 3,576 | 523,383 | ||||||
Sensient Technologies Corp. | 5,068 | 461,593 | ||||||
Stepan Co. | 2,784 | 314,425 | ||||||
Trecora Resources * | 4,188 | 34,258 | ||||||
Tredegar Corp. | 3,412 | 41,558 | ||||||
Trinseo SA | 4,272 | 230,603 | ||||||
Tronox Holdings PLC Class A | 10,995 | 271,027 | ||||||
Valvoline, Inc. | 5,402 | 168,434 | ||||||
Westlake Chemical Corp. | 4,157 | 378,869 | ||||||
|
| |||||||
10,570,908 | ||||||||
|
| |||||||
Commercial Banks 9.0% |
| |||||||
1st Source Corp. | 3,089 | 145,924 | ||||||
Allegiance Bancshares, Inc. | 1,614 | 61,574 | ||||||
Altabancorp | 2,271 | 100,287 | ||||||
American National Bankshares, Inc. | 1,508 | 49,824 | ||||||
Ameris Bancorp | 7,632 | 395,948 | ||||||
AmeriServ Financial, Inc. | 4,400 | 17,204 | ||||||
Arrow Financial Corp. | 2,150 | 73,861 | ||||||
Associated Banc-Corp. | 16,715 | 358,035 | ||||||
Atlantic Capital Bancshares, Inc. * | 2,502 | 66,278 | ||||||
Atlantic Union Bankshares Corp. | 7,573 | 279,065 | ||||||
Banc of California, Inc. | 5,994 | 110,829 | ||||||
Bancfirst Corp. | 3,831 | 230,320 | ||||||
Bancorp, Inc. (The) * | 7,945 | 202,200 | ||||||
BancorpSouth Bank | 11,210 | 333,834 | ||||||
Bank of Hawaii Corp. | 3,456 | 283,980 | ||||||
Bank of Marin Bancorp | 1,580 | 59,645 | ||||||
Bank OZK | 3,630 | 156,017 | ||||||
BankFinancial Corp. | 2,474 | 28,402 | ||||||
BankUnited, Inc. | 3,310 | 138,424 | ||||||
Bankwell Financial Group, Inc. | 326 | 9,594 | ||||||
Banner Corp. | 4,107 | 226,748 | ||||||
Bar Harbor Bankshares | 2,089 | 58,596 | ||||||
BCB Bancorp, Inc. | 878 | 12,959 | ||||||
Berkshire Hills Bancorp, Inc. | 5,196 | 140,188 | ||||||
BOK Financial Corp. | 4,072 | 364,648 | ||||||
Brookline Bancorp, Inc. | 9,692 | 147,900 | ||||||
Bryn Mawr Bank Corp. | 2,363 | 108,580 | ||||||
C&F Financial Corp. | 466 | 24,749 | ||||||
Cadence BanCorp | 6,063 | 133,144 |
SHARES | VALUE | |||||||
Camden National Corp. | 1,756 | $ | 84,112 | |||||
Capital City Bank Group, Inc. | 1,890 | 46,759 | ||||||
Cathay General Bancorp | 7,778 | 321,931 | ||||||
Central Pacific Financial Corp. | 3,916 | 100,563 | ||||||
Central Valley Community Bancorp | 1,638 | 35,217 | ||||||
Century Bancorp, Inc., Class A | 462 | 53,241 | ||||||
CIT Group, Inc. | 6,260 | 325,207 | ||||||
Citizens & Northern Corp. | 852 | 21,522 | ||||||
Citizens Community Bancorp, Inc. | 400 | 5,560 | ||||||
City Holding Co. | 1,686 | 131,356 | ||||||
Civista Bancshares, Inc. | 270 | 6,272 | ||||||
CNB Financial Corp. | 2,264 | 55,106 | ||||||
Columbia Banking System, Inc. | 7,605 | 288,914 | ||||||
Comerica, Inc. | 7,707 | 620,414 | ||||||
Commerce Bancshares, Inc. | 7,778 | 541,971 | ||||||
Community Bank System, Inc. | 5,314 | 363,584 | ||||||
Community Trust Bancorp, Inc. | 2,206 | 92,873 | ||||||
Connectone Bancorp, Inc. | 4,989 | 149,720 | ||||||
Cullen/Frost Bankers, Inc. | 3,828 | 454,077 | ||||||
Customers Bancorp, Inc. * | 4,720 | 203,054 | ||||||
CVB Financial Corp. | 14,097 | 287,156 | ||||||
Dime Community Bancshares, Inc. | 4,795 | 156,605 | ||||||
Eagle Bancorp, Inc. | 3,707 | 213,153 | ||||||
East West Bancorp, Inc. | 9,740 | 755,240 | ||||||
Enterprise Bancorp, Inc. | 331 | 11,899 | ||||||
Enterprise Financial Services Corp. | 2,901 | 131,357 | ||||||
Equity Bancshares, Inc., Class A | 1,470 | 49,069 | ||||||
Farmers & Merchants Bancorp, Inc. | 1,205 | 26,992 | ||||||
Farmers National Banc Corp. | 3,991 | 62,699 | ||||||
FB Financial Corp. | 3,274 | 140,389 | ||||||
Financial Institutions, Inc. | 1,855 | 56,856 | ||||||
First Bancorp | 22,823 | 300,123 | ||||||
First Bancorp, Inc. (The) | 1,876 | 54,667 | ||||||
First Bancorp/Southern Pines NC | 3,300 | 141,933 | ||||||
First Busey Corp. | 6,171 | 151,992 | ||||||
First Business Financial Services, Inc. | 551 | 15,819 | ||||||
First Citizens Bancshares, Inc., Class A | 487 | 410,624 | ||||||
First Commonwealth Financial Corp. | 10,615 | 144,682 | ||||||
First Community Bankshares, Inc. | 1,982 | 62,869 | ||||||
First Financial Bancorp | 10,292 | 240,936 | ||||||
First Financial Bankshares, Inc. | 15,599 | 716,774 | ||||||
First Financial Corp. | 1,882 | 79,138 | ||||||
First Financial Northwest, Inc. | 2,239 | 36,652 | ||||||
First Foundation, Inc. | 4,921 | 129,422 | ||||||
First Hawaiian, Inc. | 1,200 | 35,220 | ||||||
First Horizon Corp. | 34,954 | 569,401 | ||||||
First Internet Bancorp | 1,284 | 40,035 | ||||||
First Interstate Bancsystem, Inc., Class A | 4,617 | 185,880 | ||||||
First Merchants Corp. | 5,921 | 247,735 | ||||||
First Mid Bancshares, Inc. | 500 | 20,530 | ||||||
First Midwest Bancorp, Inc. | 12,126 | 230,515 | ||||||
First of Long Island Corp. (The) | 2,295 | 47,277 | ||||||
Flushing Financial Corp. | 3,899 | 88,117 | ||||||
FNB Corp. | 21,678 | 251,898 | ||||||
Fulton Financial Corp. | 16,994 | 259,668 | ||||||
German American Bancorp, Inc. | 3,575 | 138,102 | ||||||
Glacier Bancorp, Inc. | 11,632 | 643,831 | ||||||
Great Southern Bancorp, Inc. | 1,501 | 82,270 | ||||||
Great Western Bancorp, Inc. | 1,271 | 41,613 | ||||||
Hancock Whitney Corp. | 6,503 | 306,421 | ||||||
Hanmi Financial Corp. | 3,586 | 71,935 | ||||||
Harborone Bancorp, Inc. | 7,533 | 105,763 | ||||||
Heartland Financial USA, Inc. | 4,766 | 229,149 | ||||||
Heritage Commerce Corp. | 6,526 | 75,897 | ||||||
Heritage Financial Corp. | 4,162 | 106,131 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Commercial Banks (Continued) |
| |||||||
Hilltop Holdings, Inc. | 7,627 | $ | 249,174 | |||||
Home Bancshares, Inc. | 13,006 | 306,031 | ||||||
HomeTrust Bancshares, Inc. | 2,255 | 63,095 | ||||||
Hope Bancorp, Inc. | 14,605 | 210,896 | ||||||
Horizon Bancorp, Inc. | 5,096 | 92,594 | ||||||
Howard Bancorp, Inc. * | 499 | 10,120 | ||||||
Independent Bank Corp. | 3,457 | 263,251 | ||||||
Independent Bank Group, Inc. | 2,187 | 155,365 | ||||||
International Bancshares Corp. | 6,435 | 267,953 | ||||||
Investors Bancorp, Inc. | 2,762 | 41,734 | ||||||
Lakeland Bancorp, Inc. | 6,732 | 118,685 | ||||||
Lakeland Financial Corp. | 3,146 | 224,121 | ||||||
Live Oak Bancshares, Inc. | 500 | 31,815 | ||||||
Macatawa Bank Corp. | 5,141 | 41,282 | ||||||
Mercantile Bank Corp. | 1,601 | 51,280 | ||||||
Midland States Bancorp, Inc. | 1,086 | 26,857 | ||||||
MidWestOne Financial Group, Inc. | 613 | 18,488 | ||||||
National Bank Holdings Corp., Class A | 3,376 | 136,661 | ||||||
NBT Bancorp, Inc. | 5,329 | 192,484 | ||||||
Nicolet Bankshares, Inc. * | 1,020 | 75,664 | ||||||
Northeast Bank | 896 | 30,213 | ||||||
Northrim Bancorp, Inc. | 1,100 | 46,761 | ||||||
OceanFirst Financial Corp. | 5,639 | 120,731 | ||||||
OFG Bancorp | 5,852 | 147,587 | ||||||
Old National Bancorp | 16,960 | 287,472 | ||||||
Old Second Bancorp, Inc. | 2,244 | 29,307 | ||||||
Pacific Mercantile Bancorp * | 2,500 | 23,025 | ||||||
Pacific Premier Bancorp, Inc. | 8,840 | 366,330 | ||||||
PacWest Bancorp | 6,102 | 276,543 | ||||||
Park National Corp. | 1,896 | 231,217 | ||||||
Peapack Gladstone Financial Corp. | 2,662 | 88,804 | ||||||
Penns Woods Bancorp, Inc. | 1,138 | 27,039 | ||||||
Peoples United Financial, Inc. | 36,390 | 635,733 | ||||||
Peoples Bancorp, Inc. | 3,204 | 101,278 | ||||||
Pinnacle Financial Partners, Inc. | 3,365 | 316,579 | ||||||
Popular, Inc. | 8,395 | 652,040 | ||||||
Preferred Bank | 1,869 | 124,625 | ||||||
Primis Financial Corp. | 2,721 | 39,346 | ||||||
Prosperity Bancshares, Inc. | 7,853 | 558,584 | ||||||
QCR Holdings, Inc. | 1,914 | 98,456 | ||||||
Renasant Corp. | 5,944 | 214,281 | ||||||
Republic Bancorp, Inc., Class A | 1,997 | 101,148 | ||||||
Republic First Bancorp, Inc. * | 3,546 | 10,922 | ||||||
S&T Bancorp, Inc. | 4,396 | 129,550 | ||||||
Sandy Spring Bancorp, Inc. | 4,982 | 228,275 | ||||||
Seacoast Banking Corp. of Florida | 5,003 | 169,151 | ||||||
Select Bancorp, Inc. * | 200 | 3,450 | ||||||
ServisFirst Bancshares, Inc. | 5,630 | 438,014 | ||||||
Sierra Bancorp | 2,000 | 48,560 | ||||||
Signature Bank | 3,788 | 1,031,397 | ||||||
Simmons First National Corp., Class A | 10,791 | 318,982 | ||||||
South State Corp. | 6,517 | 486,624 | ||||||
Southern First Bancshares, Inc. * | 923 | 49,381 | ||||||
Southside Bancshares, Inc. | 3,883 | 148,680 | ||||||
Sterling Bancorp | 18,261 | 455,795 | ||||||
Stock Yards Bancorp, Inc. | 2,936 | 172,196 | ||||||
Summit Financial Group, Inc. | 392 | 9,608 | ||||||
Synovus Financial Corp. | 9,560 | 419,588 | ||||||
Texas Capital Bancshares, Inc. * | 3,132 | 187,983 |
SHARES | VALUE | |||||||
Tompkins Financial Corp. | 1,817 | $ | 147,014 | |||||
Towne Bank | 5,809 | 180,718 | ||||||
Trico Bancshares | 3,218 | 139,661 | ||||||
TriState Capital Holdings, Inc. * | 3,129 | 66,178 | ||||||
Triumph Bancorp, Inc. * | 2,441 | 244,417 | ||||||
Trustmark Corp. | 7,470 | 240,683 | ||||||
UMB Financial Corp. | 4,960 | 479,682 | ||||||
Umpqua Holdings Corp. | 8,081 | 163,640 | ||||||
United Bankshares, Inc. | 12,088 | 439,761 | ||||||
United Community Banks, Inc. | 9,013 | 295,807 | ||||||
Univest Financial Corp | 3,363 | 92,113 | ||||||
Valley National Bancorp | 37,407 | 497,887 | ||||||
Veritex Holdings, Inc. | 3,570 | 140,515 | ||||||
Washington Trust Bancorp, Inc. | 2,001 | 106,013 | ||||||
Webster Financial Corp. | 3,015 | 164,197 | ||||||
WesBanco, Inc. | 7,161 | 244,047 | ||||||
West Bancorp, Inc. | 2,392 | 71,832 | ||||||
Westamerica Bancorp | 3,226 | 181,495 | ||||||
Western Alliance Bancorp | 5,446 | 592,634 | ||||||
Wintrust Financial Corp. | 4,936 | 396,706 | ||||||
Zions Bancorp NA | 10,151 | 628,245 | ||||||
|
| |||||||
33,290,694 | ||||||||
|
| |||||||
Commercial Services & Supplies 2.1% |
| |||||||
ABM Industries, Inc. | 8,128 | 365,841 | ||||||
ACCO Brands Corp. | 11,957 | 102,711 | ||||||
Brady Corp., Class A | 5,519 | 279,813 | ||||||
Brinks Co. (The) | 5,878 | 372,077 | ||||||
Casella Waste Systems, Inc., Class A * | 6,377 | 484,269 | ||||||
Ceco Environmental Corp. * | 4,211 | 29,646 | ||||||
Cimpress PLC * | 2,745 | 238,348 | ||||||
Clean Harbors, Inc. * | 6,066 | 630,076 | ||||||
Covanta Holding Corp. | 10,910 | 219,509 | ||||||
Deluxe Corp. | 4,708 | 168,970 | ||||||
Ennis, Inc. | 3,800 | 71,630 | ||||||
Harsco Corp. * | 6,802 | 115,294 | ||||||
Healthcare Services Group, Inc. | 5,978 | 149,390 | ||||||
Heritage-Crystal Clean, Inc. * | 3,229 | 93,577 | ||||||
Herman Miller, Inc. | 8,189 | 308,398 | ||||||
HNI Corp. | 5,339 | 196,048 | ||||||
IAA, Inc. * | 7,400 | 403,818 | ||||||
Interface, Inc. | 7,161 | 108,489 | ||||||
KAR Auction Services, Inc. * | 5,924 | 97,094 | ||||||
Kimball International, Inc., Class B | 5,056 | 56,627 | ||||||
Matthews International Corp., Class A | 4,072 | 141,258 | ||||||
MSA Safety, Inc. | 4,156 | 605,529 | ||||||
NL Industries, Inc. | 4,571 | 26,329 | ||||||
Pitney Bowes, Inc. | 4,177 | 30,116 | ||||||
Quad/Graphics, Inc. * | 4,591 | 19,512 | ||||||
SP Plus Corp. * | 2,555 | 78,362 | ||||||
Steelcase, Inc., Class A | 11,344 | 143,842 | ||||||
Stericycle, Inc. * | 4,797 | 326,052 | ||||||
Team, Inc. * | 4,062 | 12,227 | ||||||
Tetra Tech, Inc. | 6,783 | 1,012,973 | ||||||
UniFirst Corp. | 2,080 | 442,250 | ||||||
US Ecology, Inc. * | 4,572 | 147,904 | ||||||
Viad Corp. * | 2,501 | 113,570 | ||||||
Vidler Water Resouces, Inc. * | 2,070 | 23,557 | ||||||
Virco Manufacturing Corp. * | 2,494 | 8,604 | ||||||
VSE Corp. | 1,412 | 68,016 | ||||||
|
| |||||||
7,691,726 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Communications Equipment 1.2% |
| |||||||
ADTRAN, Inc. | 5,637 | $ | 105,750 | |||||
Applied Optoelectronics, Inc. * | 3,183 | 22,854 | ||||||
BK Technologies Corp. | 2,000 | 5,650 | ||||||
CalAmp Corp. * | 5,414 | 53,869 | ||||||
Calix, Inc. * | 1,031 | 50,962 | ||||||
Ciena Corp. * | 15,659 | 804,090 | ||||||
Clearfield, Inc. * | 2,380 | 105,077 | ||||||
CommScope Holding Co., Inc. * | 3,352 | 45,554 | ||||||
Communications Systems, Inc. *@ | 1,418 | 12,266 | ||||||
Comtech Telecommunications Corp. | 3,207 | 82,131 | ||||||
Digi International, Inc. * | 3,397 | 71,405 | ||||||
F5 Networks, Inc. * | 3,709 | 737,275 | ||||||
Harmonic, Inc. * | 10,330 | 90,388 | ||||||
Infinera Corp. *@ | 16,934 | 140,891 | ||||||
Juniper Networks, Inc. | 19,819 | 545,419 | ||||||
KVH Industries, Inc. * | 2,387 | 22,987 | ||||||
Lantronix, Inc. * | 1,100 | 6,402 | ||||||
Lumentum Holdings, Inc. *@ | 4,956 | 414,024 | ||||||
NETGEAR, Inc. * | 3,539 | 112,929 | ||||||
NetScout Systems, Inc. * | 8,182 | 220,505 | ||||||
Network-1 Technologies, Inc. | 1,343 | 3,984 | ||||||
Optical Cable Corp. * | 374 | 1,391 | ||||||
PC-Tel, Inc. * | 2,629 | 16,352 | ||||||
Ribbon Communications, Inc. * | 13,960 | 83,481 | ||||||
Tessco Technologies, Inc. * | 1,000 | 5,580 | ||||||
Viasat, Inc. * | 4,101 | 225,842 | ||||||
Viavi Solutions, Inc. * | 26,851 | 422,635 | ||||||
|
| |||||||
4,409,693 | ||||||||
|
| |||||||
Computers & Peripherals 0.2% |
| |||||||
AstroNova, Inc. * | 1,572 | 23,659 | ||||||
Avid Technology, Inc. * | 8,707 | 251,806 | ||||||
Intevac, Inc. * | 3,414 | 16,319 | ||||||
Pure Storage, Inc., Class A * | 4,687 | 117,925 | ||||||
Super Micro Computer, Inc. * | 1,663 | 60,816 | ||||||
Xerox Holdings Corp. | 15,230 | 307,189 | ||||||
|
| |||||||
777,714 | ||||||||
|
| |||||||
Construction & Engineering 1.7% |
| |||||||
AECOM* | 9,414 | 594,494 | ||||||
Ameresco, Inc., Class A * | 4,050 | 236,641 | ||||||
Arcosa, Inc. | 1,853 | 92,965 | ||||||
Argan, Inc. | 1,586 | 69,261 | ||||||
Comfort Systems USA, Inc. | 4,850 | 345,902 | ||||||
Dycom Industries, Inc. * | 4,084 | 290,944 | ||||||
EMCOR Group, Inc. | 6,268 | 723,202 | ||||||
Fluor Corp. *@ | 6,585 | 105,162 | ||||||
Granite Construction, Inc. | 5,317 | 210,287 | ||||||
Great Lakes Dredge & Dock Corp. * | 7,436 | 112,209 | ||||||
IES Holdings, Inc. * | 2,548 | 116,418 | ||||||
MasTec, Inc. * | 6,602 | 569,621 | ||||||
Matrix Service Co. * | 4,086 | 42,740 | ||||||
MYR Group, Inc. * | 2,760 | 274,620 | ||||||
Northwest Pipe Co. * | 1,211 | 28,701 | ||||||
NV5 Global, Inc. * | 1,843 | 181,664 | ||||||
Orion Group Holdings, Inc. * | 3,431 | 18,665 | ||||||
Primoris Services Corp. | 6,549 | 160,385 | ||||||
Quanta Services, Inc. | 8,024 | 913,292 | ||||||
Sterling Construction Co., Inc. * | 4,000 | 90,680 | ||||||
Tutor Perini Corp. * | 4,753 | 61,694 | ||||||
Valmont Industries, Inc. | 2,369 | 556,999 | ||||||
WillScot Mobile Mini Holdings Corp. * | 18,811 | 596,685 | ||||||
|
| |||||||
6,393,231 | ||||||||
|
|
SHARES | VALUE | |||||||
Construction Materials 0.1% |
| |||||||
Eagle Materials, Inc. | 1,439 | $ | 188,739 | |||||
Forterra, Inc. * | 1,512 | 35,623 | ||||||
Summit Materials, Inc., Class A * | 4,678 | 149,556 | ||||||
United States Lime & Minerals, Inc. | 949 | 114,639 | ||||||
|
| |||||||
488,557 | ||||||||
|
| |||||||
Consumer Finance 1.4% |
| |||||||
Ally Financial, Inc. | 5,340 | 272,607 | ||||||
Atlanticus Holdings Corp. * | 3,144 | 166,821 | ||||||
Consumer Portfolio Services, Inc. * | 4,988 | 29,180 | ||||||
Credit Acceptance Corp. * | 760 | 444,828 | ||||||
Encore Capital Group, Inc. * | 3,784 | 186,438 | ||||||
Enova International, Inc. * | 4,283 | 147,978 | ||||||
Ezcorp, Inc., Class A * | 5,994 | 45,374 | ||||||
FirstCash, Inc. | 4,847 | 424,112 | ||||||
Green Dot Corp., Class A * | 5,826 | 293,222 | ||||||
LendingClub Corp. * | 7,371 | 208,157 | ||||||
LendingTree, Inc. * | 1,371 | 191,707 | ||||||
Navient Corp. | 22,167 | 437,355 | ||||||
Nelnet, Inc., Class A | 3,245 | 257,134 | ||||||
OneMain Holdings, Inc. | 7,656 | 423,606 | ||||||
PRA Group, Inc. * | 5,417 | 228,272 | ||||||
PROG Holdings, Inc. | 8,919 | 374,687 | ||||||
Regional Management Corp. | 1,467 | 85,350 | ||||||
Santander Consumer USA Holdings, Inc. | 14,468 | 603,316 | ||||||
SLM Corp. | 14,278 | 251,293 | ||||||
World Acceptance Corp. * | 977 | 185,220 | ||||||
|
| |||||||
5,256,657 | ||||||||
|
| |||||||
Containers & Packaging 1.0% |
| |||||||
AptarGroup, Inc. | 4,035 | 481,577 | ||||||
Berry Global Group, Inc. * | 9,609 | 584,996 | ||||||
Crown Holdings, Inc. | 1,631 | 164,372 | ||||||
Graphic Packaging Holding Co. | 8,918 | 169,799 | ||||||
Greif, Inc., Class A | 2,910 | 187,986 | ||||||
Greif, Inc., Class B | 1,193 | 77,306 | ||||||
Myers Industries, Inc. | 4,361 | 85,345 | ||||||
Packaging Corp. of America | 1,324 | 181,971 | ||||||
Sealed Air Corp. | 10,816 | 592,609 | ||||||
Silgan Holdings, Inc. | 12,567 | 482,070 | ||||||
Sonoco Products Co. | 6,744 | 401,807 | ||||||
Trimas Corp. * | 5,754 | 186,199 | ||||||
UFP Technologies, Inc. * | 913 | 56,232 | ||||||
|
| |||||||
3,652,269 | ||||||||
|
| |||||||
Distributors 0.0% |
| |||||||
Weyco Group, Inc. | 1,043 | 23,634 | ||||||
|
| |||||||
Diversified Consumer Services 1.2% |
| |||||||
Adtalem Global Education, Inc. * | 5,934 | 224,364 | ||||||
American Public Education, Inc. * | 2,124 | 54,396 | ||||||
Bright Horizons Family Solutions, Inc. * | 3,373 | 470,264 | ||||||
Carriage Services, Inc. | 2,984 | 133,057 | ||||||
Chegg, Inc. *@ | 6,367 | 433,083 | ||||||
Frontdoor, Inc. * | 2,657 | 111,328 | ||||||
Graham Holdings Co., Class B | 462 | 272,192 | ||||||
Grand Canyon Education, Inc. * | 5,375 | 472,785 | ||||||
H&R Block, Inc. | 11,646 | 291,150 | ||||||
Houghton Mifflin Harcourt Co. * | 10,946 | 147,005 | ||||||
Laureate Education, Inc. Class A * | 2,699 | 45,856 | ||||||
Perdoceo Education Corp. * | 8,722 | 92,104 | ||||||
Service Corp. International | 10,864 | 654,665 | ||||||
Strategic Education, Inc. | 2,650 | 186,825 | ||||||
Stride, Inc. * | 4,584 | 164,749 | ||||||
Terminix Global Holdings, Inc. * | 9,365 | 390,239 | ||||||
Universal Technical Institute, Inc. * | 4,347 | 29,386 | ||||||
WW International, Inc. * | 5,647 | $ | 103,058 | |||||
|
| |||||||
4,276,506 | ||||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Diversified Financial Services 0.3% |
| |||||||
A-Mark Precious Metals, Inc. | 1,166 | $ | 69,983 | |||||
Cannae Holdings, Inc. * | 5,121 | 159,314 | ||||||
Equitable Holdings, Inc. | 2,089 | 61,918 | ||||||
Marlin Business Services Corp. | 3,196 | 71,047 | ||||||
Voya Financial, Inc. | 10,155 | 623,416 | ||||||
|
| |||||||
985,678 | ||||||||
|
| |||||||
Diversified Telecommunication Services 0.2% |
| |||||||
ATN International, Inc. | 2,105 | 98,619 | ||||||
Cogent Communications Holdings, Inc. | 5,536 | 392,170 | ||||||
Consolidated Communications Holdings, Inc. * | 7,487 | 68,806 | ||||||
IDT Corp., Class B * | 4,503 | 188,901 | ||||||
Iridium Communications, Inc. * | 1,819 | 72,487 | ||||||
|
| |||||||
820,983 | ||||||||
|
| |||||||
Electric Utilities 1.0% |
| |||||||
Allete, Inc. | 3,067 | 182,548 | ||||||
Genie Energy Ltd. Class B | 3,300 | 21,549 | ||||||
Hawaiian Electric Industries, Inc. | 7,162 | 292,424 | ||||||
IDACORP, Inc. | 2,837 | 293,289 | ||||||
MGE Energy, Inc. | 4,602 | 338,247 | ||||||
NRG Energy, Inc. | 14,356 | 586,155 | ||||||
OGE Energy Corp. | 10,049 | 331,215 | ||||||
Otter Tail Corp. | 4,597 | 257,294 | ||||||
Pinnacle West Capital Corp. | 5,960 | 431,266 | ||||||
PNM Resources, Inc. | 13,599 | 672,879 | ||||||
Portland General Electric Co. | 5,648 | 265,400 | ||||||
Via Renewables, Inc. @ | 2,000 | 20,380 | ||||||
|
| |||||||
3,692,646 | ||||||||
|
| |||||||
Electrical Equipment 1.3% |
| |||||||
Acuity Brands, Inc. | 1,828 | 316,920 | ||||||
Allied Motion Technologies, Inc. | 1,626 | 50,861 | ||||||
Atkore, Inc. * | 8,108 | 704,747 | ||||||
AZZ, Inc. | 3,104 | 165,133 | ||||||
Encore Wire Corp. | 2,341 | 221,997 | ||||||
EnerSys | 4,942 | 367,883 | ||||||
Hubbell, Inc. | 3,715 | 671,189 | ||||||
LSI Industries, Inc. | 3,137 | 24,312 | ||||||
nVent Electric PLC | 1,295 | 41,867 | ||||||
Powell Industries, Inc. | 1,380 | 33,907 | ||||||
Preformed Line Products Co. | 668 | 43,447 | ||||||
Regal Beloit Corp. | 4,416 | 663,901 | ||||||
Sensata Technologies Holding PLC * | 10,094 | 552,344 | ||||||
Sunrun, Inc. *@ | 6,232 | 274,208 | ||||||
Thermon Group Holdings, Inc. * | 3,577 | 61,918 | ||||||
TPI Composites, Inc. * | 564 | 19,035 | ||||||
Ultralife Corp. * | 2,441 | 17,258 | ||||||
Vicor Corp. * | 3,445 | 462,181 | ||||||
|
| |||||||
4,693,108 | ||||||||
|
| |||||||
Electronic Equipment, Instruments & Components 2.8% |
| |||||||
Advanced Energy Industries, Inc. | 4,399 | 386,012 | ||||||
Arlo Technologies, Inc. * | 10,925 | 70,029 | ||||||
Arrow Electronics, Inc. * | 7,416 | 832,743 | ||||||
Avnet, Inc. | 7,545 | 278,939 |
SHARES | VALUE | |||||||
Badger Meter, Inc. | 3,624 | $ | 366,531 | |||||
Bel Fuse, Inc., Class B | 1,421 | 17,663 | ||||||
Belden, Inc. | 4,896 | 285,241 | ||||||
Benchmark Electronics, Inc. | 4,604 | 122,973 | ||||||
Coherent, Inc. * | 520 | 130,047 | ||||||
CTS Corp. | 3,954 | 122,218 | ||||||
Daktronics, Inc. * | 4,902 | 26,618 | ||||||
ePlus, Inc. * | 1,918 | 196,806 | ||||||
Fabrinet * | 4,275 | 438,230 | ||||||
FARO Technologies, Inc. * | 2,298 | 151,231 | ||||||
Flex Ltd. * | 28,069 | 496,260 | ||||||
Frequency Electronics, Inc. * | 1,400 | 14,560 | ||||||
IEC Electronics Corp. * | 800 | 12,264 | ||||||
II-VI, Inc. *@ | 5,457 | 323,927 | ||||||
Insight Enterprises, Inc. * | 4,272 | 384,822 | ||||||
IPG Photonics Corp. * | 2,351 | 372,398 | ||||||
Itron, Inc. * | 4,490 | 339,579 | ||||||
Jabil, Inc. | 5,378 | 313,914 | ||||||
Key Tronic Corp. * | 1,700 | 11,050 | ||||||
Kimball Electronics, Inc. * | 4,014 | 103,441 | ||||||
Knowles Corp. * | 7,671 | 143,755 | ||||||
Littelfuse, Inc. | 1,865 | 509,649 | ||||||
Methode Electronics, Inc. | 5,400 | 227,070 | ||||||
NAPCO Security Technologies, Inc. * | 3,532 | 152,159 | ||||||
National Instruments Corp. | 7,611 | 298,579 | ||||||
nLight, Inc. * | 400 | 11,276 | ||||||
Novanta, Inc. * | 4,244 | 655,698 | ||||||
OSI Systems, Inc. * | 2,483 | 235,388 | ||||||
PAR Technology Corp. *@ | 1,843 | 113,363 | ||||||
PC Connection, Inc. | 3,188 | 140,368 | ||||||
Plexus Corp. * | 3,299 | 294,964 | ||||||
Richardson Electronics Ltd. | 1,505 | 14,583 | ||||||
Rogers Corp. * | 2,017 | 376,130 | ||||||
Sanmina Corp. * | 7,661 | 295,255 | ||||||
Scansource, Inc. * | 2,807 | 97,655 | ||||||
SYNNEX Corp. | 3,213 | 334,473 | ||||||
TTM Technologies, Inc. * | 12,102 | 152,122 | ||||||
Vishay Intertechnology, Inc. | 14,944 | 300,225 | ||||||
Vishay Precision Group, Inc. * | 1,694 | 58,900 | ||||||
Vontier Corp. | 423 | 14,213 | ||||||
Wayside Technology Group, Inc. | 315 | 8,496 | ||||||
|
| |||||||
10,231,817 | ||||||||
|
| |||||||
Energy Equipment & Services 0.4% | ||||||||
Archrock, Inc. | 14,737 | 121,580 | ||||||
Bristow Group, Inc. * | 1,138 | 36,223 | ||||||
Core Laboratories NV | 2,189 | 60,745 | ||||||
Dawson Geophysical Co. * | 2,775 | 6,910 | ||||||
DMC Global, Inc. * | 2,412 | 89,027 | ||||||
Dril-Quip, Inc. * | 3,044 | 76,648 | ||||||
Exterran Corp. * | 3,877 | 17,214 | ||||||
Geospace Technologies Corp. * | 1,646 | 15,719 | ||||||
Gulf Island Fabrication, Inc. * | 1,823 | 7,237 | ||||||
Helix Energy Solutions Group, Inc. * | 14,425 | 55,969 | ||||||
Helmerich & Payne, Inc. | 6,380 | 174,876 | ||||||
Nabors Industries Ltd. * | 763 | 73,614 | ||||||
Natural Gas Services Group, Inc. * | 2,179 | 22,618 | ||||||
NOV, Inc. * | 21,019 | 275,559 | ||||||
Oceaneering International, Inc. * | 8,090 | 107,759 | ||||||
Oil States International, Inc. * | 5,995 | 38,308 | ||||||
Patterson-UTI Energy, Inc. | 599 | 5,391 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Energy Equipment & Services (Continued) | ||||||||
SEACOR Marine Holdings, | 3,233 | $ | 14,969 | |||||
TechnipFMC PLC * | 5,694 | 42,876 | ||||||
U.S. Silica Holdings, Inc. * | 7,259 | 57,999 | ||||||
|
| |||||||
1,301,241 | ||||||||
|
| |||||||
Entertainment 0.5% |
| |||||||
Ballantyne Strong, Inc. * | 3,464 | 10,634 | ||||||
Cinemark Holdings, Inc. *@ | 1,868 | 35,884 | ||||||
Gaia, Inc. * | 1,407 | 13,338 | ||||||
IMAX Corp. * | 4,817 | 91,427 | ||||||
Liberty Media Corp-Liberty Formula One, Class A * | 1,700 | 79,985 | ||||||
Liberty Media Corp. - Liberty Braves, Class A * | 338 | 9,096 | ||||||
Liberty Media Corp. - Liberty Formula One, Class C * | 11,084 | 569,828 | ||||||
Lions Gate Entertainment Corp., Class A * | 4,059 | 57,597 | ||||||
Lions Gate Entertainment Corp., Class B * | 5,120 | 66,560 | ||||||
Madison Square Garden Entertainment Corp. * | 1,318 | 95,779 | ||||||
Marcus Corp. (The) *@ | 3,100 | 54,095 | ||||||
Reading International, Inc., Class A * | 3,044 | 15,403 | ||||||
World Wrestling Entertainment, Inc., Class A | 2,212 | 124,447 | ||||||
Zynga, Inc., Class A * | 62,503 | 470,648 | ||||||
|
| |||||||
1,694,721 | ||||||||
|
| |||||||
Food & Staples Retailing 0.7% |
| |||||||
Andersons, Inc. (The) | 4,055 | 125,016 | ||||||
BJs Wholesale Club Holdings, Inc. * | 1,541 | 84,632 | ||||||
Caseys General Stores, Inc. | 2,355 | 443,800 | ||||||
Chefs Warehouse Inc. (The) * | 4,636 | 150,994 | ||||||
Ingles Markets, Inc., Class A | 1,973 | 130,277 | ||||||
Natural Grocers by Vitamin Cottage, Inc. | 2,710 | 30,406 | ||||||
Performance Food Group Co. * | 9,263 | 430,359 | ||||||
PriceSmart, Inc. | 3,961 | 307,175 | ||||||
SpartanNash Co. | 4,477 | 98,046 | ||||||
Sprouts Farmers Market, Inc. * | 7,149 | 165,642 | ||||||
United Natural Foods, Inc. * | 4,623 | 223,846 | ||||||
US Foods Holding Corp. * | 11,021 | 381,988 | ||||||
Village Super Market, Inc., Class A | 1,435 | 31,111 | ||||||
Weis Markets, Inc. | 2,943 | 154,655 | ||||||
|
| |||||||
2,757,947 | ||||||||
|
| |||||||
Food Products 1.8% |
| |||||||
B&G Foods, Inc. @ | 8,145 | 243,454 | ||||||
Bunge Ltd. | 6,292 | 511,665 | ||||||
Cal-Maine Foods, Inc. | 5,021 | 181,559 | ||||||
Calavo Growers, Inc. | 2,725 | 104,204 | ||||||
Coffee Holding Co., Inc. * | 600 | 2,730 | ||||||
Darling Ingredients, Inc. * | 22,015 | 1,582,878 | ||||||
Farmer Bros. Co. * | 2,275 | 19,133 | ||||||
Flowers Foods, Inc. | 10,685 | 252,487 | ||||||
Fresh Del Monte Produce, Inc. | 5,410 | 174,310 | ||||||
Freshpet, Inc. * | 585 | 83,474 | ||||||
Hostess Brands, Inc. * | 4,664 | 81,014 | ||||||
Ingredion, Inc. | 3,754 | 334,144 | ||||||
J&J Snack Foods Corp. | 2,148 | 328,257 | ||||||
John B. Sanfilippo & Son, Inc. | 1,357 | 110,894 | ||||||
Lamb Weston Holdings, Inc. | 8,392 | 515,017 | ||||||
Lancaster Colony Corp. | 3,948 | 666,462 | ||||||
Landec Corp. * | 3,872 | 35,700 | ||||||
Lifeway Foods, Inc. * | 1,756 | 9,816 | ||||||
Limoneira Co. | 2,072 | 33,504 |
SHARES | VALUE | |||||||
Pilgrims Pride Corp. * | 5,624 | $ | 163,546 | |||||
Post Holdings, Inc. * | 4,776 | 526,124 | ||||||
Rocky Mountain Chocolate Factory, Inc. * | 1,260 | 9,324 | ||||||
Sanderson Farms, Inc. | 2,524 | 475,017 | ||||||
Seaboard Corp. | 42 | 172,200 | ||||||
Seneca Foods Corp., Class A * | 800 | 38,576 | ||||||
Tootsie Roll Industries, Inc. @ | 4,854 | 147,707 | ||||||
TreeHouse Foods, Inc. * | 225 | 8,973 | ||||||
|
| |||||||
6,812,169 | ||||||||
|
| |||||||
Gas Utilities 0.9% |
| |||||||
Atmos Energy Corp. | 6,041 | 532,816 | ||||||
Chesapeake Utilities Corp. | 2,272 | 272,754 | ||||||
National Fuel Gas Co. | 4,000 | 210,080 | ||||||
New Jersey Resources Corp. | 11,120 | 387,087 | ||||||
Northwest Natural Holding Co. | 3,354 | 154,250 | ||||||
ONE Gas, Inc. | 6,263 | 396,886 | ||||||
RGC Resources, Inc. | 600 | 13,590 | ||||||
South Jersey Industries, Inc. @ | 11,296 | 240,153 | ||||||
Southwest Gas Holdings, Inc. | 4,019 | 268,791 | ||||||
Spire, Inc. | 5,837 | 357,108 | ||||||
UGI Corp. | 10,146 | 432,423 | ||||||
|
| |||||||
3,265,938 | ||||||||
|
| |||||||
Health Care 0.0% |
| |||||||
Contra Aduro Biotech §* | 237 | 424 | ||||||
Contra Pfenex, Inc. §* | 2,903 | 408 | ||||||
|
| |||||||
832 | ||||||||
|
| |||||||
Health Care Equipment & Supplies 3.1% | ||||||||
Accuray, Inc. *@ | 10,241 | 40,452 | ||||||
Achillion Pharmaceuticals, Inc. §* | 23,152 | 25,178 | ||||||
Alphatec Holdings, Inc. * | 1,915 | 23,344 | ||||||
Angiodynamics, Inc. * | 4,953 | 128,481 | ||||||
Apyx Medical Corp. * | 1,030 | 14,265 | ||||||
AtriCure, Inc. * | 3,477 | 241,825 | ||||||
Atrion Corp. | 201 | 140,197 | ||||||
Avanos Medical, Inc. * | 5,588 | 174,346 | ||||||
Axogen, Inc. * | 2,479 | 39,168 | ||||||
Axonics, Inc. * | 2,988 | 194,489 | ||||||
Cardiovascular Systems, Inc. * | 2,885 | 94,715 | ||||||
CONMED Corp. | 2,494 | 326,290 | ||||||
CryoLife, Inc. * | 5,028 | 112,074 | ||||||
Cutera, Inc. *@ | 1,969 | 91,755 | ||||||
Dentsply Sirona, Inc. | 1,342 | 77,903 | ||||||
Electromed, Inc. * | 2,175 | 23,533 | ||||||
Envista Holdings Corp. * | 11,739 | 490,808 | ||||||
Fonar Corp. * | 1,282 | 19,820 | ||||||
Glaukos Corp. * | 2,946 | 141,909 | ||||||
Globus Medical, Inc., Class A * | 6,108 | 467,995 | ||||||
Haemonetics Corp. * | 5,641 | 398,198 | ||||||
Heska Corp. * | 1,113 | 287,755 | ||||||
Hill-Rom Holdings, Inc. | 5,167 | 775,050 | ||||||
ICU Medical, Inc. * | 1,721 | 401,647 | ||||||
Inogen, Inc. * | 2,495 | 107,509 | ||||||
Integer Holdings Corp. * | 3,352 | 299,468 | ||||||
Integra LifeSciences Holdings Corp. * | 6,371 | 436,286 | ||||||
IntriCon Corp. * | 1,000 | 18,160 | ||||||
Invacare Corp. * | 4,558 | 21,696 | ||||||
iRadimed Corp. * | 325 | 10,917 | ||||||
iRhythm Technologies, Inc. * | 101 | 5,915 | ||||||
Lantheus Holdings, Inc. * | 7,277 | 186,873 | ||||||
LeMaitre Vascular, Inc. | 3,413 | 181,196 | ||||||
LENSAR, Inc. * | 1,385 | 10,900 | ||||||
LivaNova PLC * | 5,101 | 403,948 | ||||||
Meridian Bioscience, Inc. * | 4,782 | 92,006 | ||||||
Merit Medical Systems, Inc. * | 5,761 | 413,640 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Health Care Equipment & Supplies (Continued) | ||||||||
Mesa Laboratories, Inc. | 188 | $ | 56,844 | |||||
Natus Medical, Inc. * | 4,076 | 102,226 | ||||||
Neogen Corp. * | 10,822 | 469,999 | ||||||
Nevro Corp. * | 822 | 95,664 | ||||||
NuVasive, Inc. * | 5,261 | 314,871 | ||||||
OraSure Technologies, Inc. * | 9,521 | 107,682 | ||||||
Orthofix Medical, Inc. * | 2,039 | 77,727 | ||||||
OrthoPediatrics Corp. * | 768 | 50,312 | ||||||
Penumbra, Inc. * | 2,823 | 752,329 | ||||||
Quidel Corp. * | 4,661 | 657,900 | ||||||
SeaSpine Holdings Corp. * | 2,964 | 46,624 | ||||||
Shockwave Medical, Inc. * | 2,116 | 435,642 | ||||||
SI-BONE, Inc. * | 1,793 | 38,406 | ||||||
STAAR Surgical Co. * | 3,622 | 465,536 | ||||||
Surgalign Holdings, Inc. * | 15,534 | 16,932 | ||||||
SurModics, Inc. * | 1,788 | 99,413 | ||||||
Tactile Systems Technology, Inc. * | 1,097 | 48,762 | ||||||
Tandem Diabetes Care, Inc. * | 3,113 | 371,630 | ||||||
TransMedics Group, Inc. * | 1,354 | 44,804 | ||||||
Utah Medical Products, Inc. | 630 | 58,489 | ||||||
Varex Imaging Corp. *@ | 2,200 | 62,040 | ||||||
ViewRay, Inc. * | 7,099 | 51,184 | ||||||
|
| |||||||
11,344,727 | ||||||||
|
| |||||||
Health Care Providers & Services 3.7% |
| |||||||
Acadia Healthcare Co., Inc. * | 6,699 | 427,262 | ||||||
Addus HomeCare Corp. * | 1,752 | 139,722 | ||||||
Amedisys, Inc. * | 3,317 | 494,565 | ||||||
AMN Healthcare Services, Inc. * | 6,127 | 703,073 | ||||||
Apollo Medical Holdings, Inc. *@ | 2,478 | 225,622 | ||||||
Brookdale Senior Living, Inc. * | 16,230 | 102,249 | ||||||
Chemed Corp. | 1,647 | 766,053 | ||||||
Community Health Systems, | 11,147 | 130,420 | ||||||
Corvel Corp. * | 2,837 | 528,306 | ||||||
Covetrus, Inc. * | 7,116 | 129,084 | ||||||
Cross Country Healthcare, Inc. * | 6,503 | 138,124 | ||||||
DaVita, Inc. * | 8,508 | 989,140 | ||||||
Encompass Health Corp. | 7,416 | 556,497 | ||||||
Ensign Group, Inc. (The) | 6,774 | 507,305 | ||||||
Enzo Biochem, Inc. * | 6,609 | 23,396 | ||||||
Guardant Health, Inc. * | 3,058 | 382,281 | ||||||
Hanger, Inc. * | 3,413 | 74,949 | ||||||
HealthEquity, Inc. * | 5,161 | 334,226 | ||||||
Henry Schein, Inc. * | 10,880 | 828,621 | ||||||
InfuSystem Holdings, Inc. * | 600 | 7,818 | ||||||
Joint Corp. (The) * | 1,139 | 111,645 | ||||||
LHC Group, Inc. * | 3,259 | 511,370 | ||||||
Magellan Health, Inc. * | 1,803 | 170,474 | ||||||
MEDNAX, Inc. * | 6,014 | 170,978 | ||||||
ModivCare, Inc. * | 1,383 | 251,180 | ||||||
National Healthcare Corp. | 1,882 | 131,702 | ||||||
National Research Corp. | 3,287 | 138,613 | ||||||
Option Care Health, Inc. * | 3,340 | 81,028 | ||||||
Owens & Minor, Inc. | 7,179 | 224,631 | ||||||
Patterson Cos., Inc. | 6,230 | 187,772 | ||||||
Pennant Group, Inc. (The) * | 4,970 | 139,607 | ||||||
PetIQ, Inc. *@ | 1,504 | 37,555 | ||||||
Premier, Inc., Class A | 3,891 | 150,815 | ||||||
Progyny, Inc. * | 7,065 | 395,640 |
SHARES | VALUE | |||||||
R1 RCM, Inc. * | 20,856 | $ | 459,041 | |||||
RadNet, Inc. * | 6,920 | 202,825 | ||||||
Select Medical Holdings Corp. | 17,678 | 639,413 | ||||||
Sharps Compliance Corp. * | 823 | 6,806 | ||||||
Star Equity Holdings, Inc. *@ | 210 | 571 | ||||||
Surgery Partners, Inc. * | 6,352 | 268,944 | ||||||
Tenet Healthcare Corp. * | 14,731 | 978,728 | ||||||
Tivity Health, Inc. * | 3,606 | 83,154 | ||||||
Triple-S Management Corp. * | 3,473 | 122,840 | ||||||
U.S. Physical Therapy, Inc. | 1,977 | 218,656 | ||||||
Universal Health Services, Inc., Class B | 3,730 | 516,120 | ||||||
|
| |||||||
13,688,821 | ||||||||
|
| |||||||
Health Care Technology 0.5% |
| |||||||
Allscripts Healthcare Solutions, Inc. * | 14,834 | 198,331 | ||||||
Computer Programs & Systems, Inc. | 1,636 | 58,012 | ||||||
Evolent Health, Inc., Class A * | 4,696 | 145,576 | ||||||
Health Catalyst, Inc. *@ | 1,300 | 65,013 | ||||||
HealthStream, Inc. * | 4,470 | 127,753 | ||||||
Inovalon Holdings, Inc., Class A * | 5,116 | 206,124 | ||||||
NextGen Healthcare, Inc. * | 6,391 | 90,113 | ||||||
Omnicell, Inc. * | 4,593 | 681,739 | ||||||
OptimizeRx Corp. * | 1,202 | 102,831 | ||||||
Simulations Plus, Inc. @ | 358 | 14,141 | ||||||
Vocera Communications, Inc. * | 2,061 | 94,311 | ||||||
|
| |||||||
1,783,944 | ||||||||
|
| |||||||
Hotels, Restaurants & Leisure 3.0% | ||||||||
Aramark | 13,415 | 440,817 | ||||||
Biglari Holdings, Inc., Class A * | 7 | 5,740 | ||||||
Biglari Holdings, Inc., Class B * | 74 | 12,714 | ||||||
BJs Restaurants, Inc. * | 2,751 | 114,882 | ||||||
Bloomin Brands, Inc. *@ | 10,297 | 257,425 | ||||||
Bluegreen Vacations Holding Corp. * | 417 | 10,759 | ||||||
Boyd Gaming Corp. * | 1,865 | 117,980 | ||||||
Brinker International, Inc. * | 5,679 | 278,555 | ||||||
Carrols Restaurant Group, Inc. | 8,916 | 32,633 | ||||||
Cheesecake Factory, Inc. (The) * | 5,580 | 262,260 | ||||||
Choice Hotels International, Inc. | 6,024 | 761,253 | ||||||
Churchill Downs, Inc. | 3,811 | 914,945 | ||||||
Chuys Holdings, Inc. * | 2,478 | 78,131 | ||||||
Cracker Barrel Old Country Store, Inc. | 2,678 | 374,492 | ||||||
Dave & Busters Entertainment, Inc. * | 5,571 | 213,536 | ||||||
Del Taco Restaurants, Inc. | 4,096 | 35,758 | ||||||
Dennys Corp. * | 4,694 | 76,700 | ||||||
Dover Motorsports, Inc. | 4,000 | 9,680 | ||||||
El Pollo Loco Holdings, Inc. * | 4,284 | 72,400 | ||||||
Everi Holdings, Inc. * | 4,400 | 106,392 | ||||||
Fiesta Restaurant Group, Inc. * | 4,058 | 44,476 | ||||||
Hilton Grand Vacations, Inc. * | 559 | 26,592 | ||||||
Hyatt Hotels Corp., Class A * | 574 | 44,255 | ||||||
International Game Technology PLC *@ | 969 | 25,504 | ||||||
Jack in the Box, Inc. | 3,000 | 291,990 | ||||||
Lindblad Expeditions Holdings, Inc. *@ | 1,858 | 27,108 | ||||||
Marriott Vacations Worldwide Corp. | 5,154 | 810,879 | ||||||
Monarch Casino & Resort, Inc. * | 1,490 | 99,815 | ||||||
Nathans Famous, Inc. | 794 | 48,569 | ||||||
Norwegian Cruise Line Holdings Ltd. * | 11,485 | 306,764 | ||||||
Papa Johns International, Inc. | 4,290 | 544,787 | ||||||
Penn National Gaming, Inc. * | 555 | 40,215 | ||||||
Planet Fitness, Inc. Class A * | 8,887 | 698,074 | ||||||
Playa Hotels & Resorts NV * | 1,000 | 8,290 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Hotels, Restaurants & Leisure (Continued) | ||||||||
Red Robin Gourmet Burgers, Inc. * | 1,717 | $ | 39,594 | |||||
Ruths Hospitality Group, Inc. * | 2,754 | 57,035 | ||||||
Scientific Games Corp., Class A * | 1,500 | 124,605 | ||||||
SeaWorld Entertainment, Inc. * | 3,316 | 183,441 | ||||||
Shake Shack, Inc., Class A * | 2,266 | 177,790 | ||||||
Texas Roadhouse, Inc. | 7,350 | 671,275 | ||||||
Travel + Leisure Co. | 3,148 | 171,660 | ||||||
Vail Resorts, Inc. * | 2,071 | 691,818 | ||||||
Wendys Co. (The) | 24,565 | 532,569 | ||||||
Wingstop, Inc. | 2,032 | 333,106 | ||||||
Wyndham Hotels & Resorts, Inc. | 5,481 | 423,078 | ||||||
Wynn Resorts Ltd. *@ | 4,478 | 379,511 | ||||||
|
| |||||||
10,979,852 | ||||||||
|
| |||||||
Household Durables 2.4% |
| |||||||
Bassett Furniture Industries, Inc. | 1,080 | 19,559 | ||||||
Beazer Homes USA, Inc. * | 1,643 | 28,342 | ||||||
Cavco Industries, Inc. * | 986 | 233,426 | ||||||
Century Communities, Inc. | 3,948 | 242,604 | ||||||
Ethan Allen Interiors, Inc. | 2,598 | 61,573 | ||||||
Flexsteel Industries, Inc. | 1,069 | 33,011 | ||||||
Green Brick Partners, Inc. * | 4,024 | 82,572 | ||||||
Hamilton Beach Brands Holding Co., Class A | 2,000 | 31,340 | ||||||
Helen of Troy Ltd. * | 2,629 | 590,684 | ||||||
Hooker Furniture Corp. | 1,742 | 47,016 | ||||||
Installed Building Products, Inc. | 3,587 | 384,347 | ||||||
iRobot Corp. * | 3,423 | 268,705 | ||||||
KB Home | 12,516 | 487,123 | ||||||
La-Z-Boy, Inc. | 5,127 | 165,243 | ||||||
Leggett & Platt, Inc. | 8,008 | 359,079 | ||||||
Lifetime Brands, Inc. | 3,200 | 58,208 | ||||||
M.D.C. Holdings, Inc. | 10,155 | 474,441 | ||||||
M/I Homes, Inc. * | 5,641 | 326,050 | ||||||
Meritage Homes Corp. * | 3,491 | 338,627 | ||||||
Mohawk Industries, Inc. * | 3,847 | 682,458 | ||||||
Newell Brands, Inc. | 27,926 | 618,282 | ||||||
Orleans Homebuilders, Inc. *@§ | 4,953 | | ||||||
Skyline Champion Corp. * | 2,566 | 154,114 | ||||||
Sonos, Inc. * | 902 | 29,189 | ||||||
Taylor Morrison Home Corp. * | 9,778 | 252,077 | ||||||
Tempur Sealy International, Inc. | 22,924 | 1,063,903 | ||||||
Toll Brothers, Inc. | 10,507 | 580,932 | ||||||
TopBuild Corp. * | 4,166 | 853,238 | ||||||
TRI Pointe Homes, Inc. * | 12,577 | 264,368 | ||||||
Tupperware Brands Corp. * | 773 | 16,326 | ||||||
Universal Electronics, Inc. * | 1,842 | 90,718 | ||||||
VOXX International Corp. * | 3,284 | 37,602 | ||||||
|
| |||||||
8,875,157 | ||||||||
|
| |||||||
Household Products 0.3% |
| |||||||
Central Garden & Pet Co. * | 1,247 | 59,856 | ||||||
Central Garden & Pet Co., Class A * | 5,043 | 216,849 | ||||||
Spectrum Brands Holdings, Inc. | 3,742 | 357,997 | ||||||
WD-40 Co. | 2,077 | 480,784 | ||||||
|
| |||||||
1,115,486 | ||||||||
|
| |||||||
Independent Power Producers & Energy Traders 0.4% |
| |||||||
Atlantica Sustainable Infrastructure PLC | 1,800 | 62,118 | ||||||
Brookfield Renewable Corp. Class A | 2,097 | 81,385 | ||||||
Clearway Energy, Inc., Class A | 4,442 | 125,264 | ||||||
Clearway Energy, Inc., Class C | 9,495 | 287,414 | ||||||
Ormat Technologies, Inc. @ | 5,451 | 363,091 | ||||||
Sunnova Energy International, Inc. *@ | 350 | 11,529 | ||||||
Vistra Corp. | 28,253 | 483,126 | ||||||
|
| |||||||
1,413,927 | ||||||||
|
|
SHARES | VALUE | |||||||
Industrial Conglomerates 0.0% |
| |||||||
Raven Industries, Inc. * | 3,069 | $ | 176,805 | |||||
|
| |||||||
Insurance 4.0% |
| |||||||
Alleghany Corp. * | 890 | 555,725 | ||||||
Ambac Financial Group, Inc. * | 4,434 | 63,495 | ||||||
American Equity Investment Life Holding Co. | 10,429 | 308,386 | ||||||
American Financial Group, Inc. | 4,216 | 530,499 | ||||||
American National Group, Inc. | 1,348 | 254,812 | ||||||
AMERISAFE, Inc. | 2,371 | 133,155 | ||||||
Argo Group International Holdings Ltd. | 3,856 | 201,360 | ||||||
Assurant, Inc. | 4,101 | 646,933 | ||||||
Assured Guaranty Ltd. | 4,657 | 217,994 | ||||||
Athene Holding Ltd., Class A * | 11,296 | 777,956 | ||||||
Axis Capital Holdings Ltd. | 4,830 | 222,373 | ||||||
Brighthouse Financial, Inc. * | 5,115 | 231,351 | ||||||
Citizens, Inc. *@ | 6,126 | 38,042 | ||||||
CNO Financial Group, Inc. | 11,441 | 269,321 | ||||||
Crawford & Co., Class A | 5,638 | 50,573 | ||||||
Crawford & Co., Class B | 3,345 | 29,971 | ||||||
Donegal Group, Inc., Class A | 3,630 | 52,599 | ||||||
eHealth, Inc. * | 3,214 | 130,167 | ||||||
Employers Holdings, Inc. | 3,481 | 137,465 | ||||||
Enstar Group Ltd. * | 1,195 | 280,502 | ||||||
Erie Indemnity Co., Class A | 1,600 | 285,472 | ||||||
Everest Re Group Ltd. | 2,558 | 641,495 | ||||||
FedNat Holding Co. | 3,068 | 7,578 | ||||||
Fidelity National Financial, Inc. | 12,902 | 584,977 | ||||||
First American Financial Corp. | 7,508 | 503,411 | ||||||
Genworth Financial, Inc., Class A * | 14,918 | 55,943 | ||||||
Global Indemnity Group LLC Class A | 2,287 | 61,177 | ||||||
Globe Life, Inc. | 5,598 | 498,390 | ||||||
Greenlight Capital Re Ltd., Class A * | 3,275 | 24,202 | ||||||
Hallmark Financial Services, Inc. * | 4,500 | 16,425 | ||||||
Hanover Insurance Group, Inc. (The) | 2,145 | 278,035 | ||||||
HCI Group, Inc. | 1,239 | 137,244 | ||||||
Heritage Insurance Holdings, Inc. | 3,869 | 26,348 | ||||||
Horace Mann Educators Corp. | 4,698 | 186,933 | ||||||
Independence Holding Co. | 2,081 | 103,197 | ||||||
Investors Title Co. | 279 | 50,945 | ||||||
James River Group Holdings Ltd. | 829 | 31,278 | ||||||
Kemper Corp. | 5,843 | 390,254 | ||||||
Kingstone Cos., Inc. | 2,759 | 18,265 | ||||||
Kinsale Capital Group, Inc. | 400 | 64,680 | ||||||
Lincoln National Corp. | 8,515 | 585,406 | ||||||
Maiden Holdings Ltd. * | 9,822 | 31,038 | ||||||
MBIA, Inc. * | 29,495 | 379,011 | ||||||
Mercury General Corp. | 5,391 | 300,117 | ||||||
Old Republic International Corp. | 20,327 | 470,164 | ||||||
Primerica, Inc. | 4,321 | 663,835 | ||||||
ProAssurance Corp. | 5,438 | 129,316 | ||||||
Reinsurance Group of America, Inc. | 3,019 | 335,894 | ||||||
RenaissanceRe Holdings Ltd. | 2,896 | 403,702 | ||||||
RLI Corp. | 5,024 | 503,756 | ||||||
Safety Insurance Group, Inc. | 1,656 | 131,238 | ||||||
Selective Insurance Group, Inc. | 6,440 | 486,413 | ||||||
State Auto Financial Corp. | 5,003 | 254,903 | ||||||
Stewart Information Services Corp. | 3,069 | 194,145 | ||||||
Trupanion, Inc. * | 157 | 12,194 | ||||||
Unico American Corp. * | 1,700 | 5,797 | ||||||
United Fire Group, Inc. | 2,400 | 55,440 | ||||||
United Insurance Holdings Corp. | 5,146 | 18,680 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Insurance (Continued) | ||||||||
Universal Insurance Holdings, Inc. | 4,293 | $ | 55,981 | |||||
Unum Group | 14,680 | 367,881 | ||||||
W. R. Berkley Corp. | 1,131 | 82,767 | ||||||
White Mountains Insurance Group Ltd. | 28 | 29,949 | ||||||
|
| |||||||
14,596,555 | ||||||||
|
| |||||||
Interactive Media & Services 0.1% |
| |||||||
ANGI, Inc. * | 2,836 | 34,996 | ||||||
Cargurus, Inc. * | 2,133 | 66,997 | ||||||
DHI Group, Inc. * | 8,881 | 42,274 | ||||||
Liberty TripAdvisor Holdings, Inc., Class A * | 2,959 | 9,143 | ||||||
QuinStreet, Inc. * | 5,180 | 90,961 | ||||||
Travelzoo * | 1,588 | 18,421 | ||||||
Yelp, Inc. * | 812 | 30,239 | ||||||
|
| |||||||
293,031 | ||||||||
|
| |||||||
Internet & Catalog Retail 0.3% |
| |||||||
1-800-Flowers.com, Inc., Class A * | 4,707 | 143,611 | ||||||
Liquidity Services, Inc. * | 4,207 | 90,913 | ||||||
PetMed Express, Inc. @ | 2,360 | 63,413 | ||||||
Qurate Retail, Inc., Series A | 15,608 | 159,046 | ||||||
Shutterstock, Inc. | 3,731 | 422,797 | ||||||
Stamps.com, Inc. * | 233 | 76,841 | ||||||
|
| |||||||
956,621 | ||||||||
|
| |||||||
IT Services 1.9% |
| |||||||
Alliance Data Systems Corp. | 2,224 | 224,379 | ||||||
Amdocs Ltd. | 4,489 | 339,862 | ||||||
BM Technologies, Inc. * | 823 | 7,325 | ||||||
Cass Information Systems, Inc. | 1,788 | 74,828 | ||||||
Computer Task Group, Inc. * | 4,027 | 32,135 | ||||||
Concentrix Corp. * | 3,341 | 591,357 | ||||||
Conduent, Inc. * | 3,934 | 25,925 | ||||||
CSG Systems International, Inc. | 4,225 | 203,645 | ||||||
DXC Technology Co. * | 10,737 | 360,871 | ||||||
Euronet Worldwide, Inc. * | 2,789 | 354,984 | ||||||
ExlService Holdings, Inc. * | 4,047 | 498,267 | ||||||
Genpact Ltd. | 12,745 | 605,515 | ||||||
Globant SA * | 1,651 | 463,948 | ||||||
GoDaddy, Inc., Class A * | 8,025 | 559,342 | ||||||
Hackett Group, Inc. (The) | 4,098 | 80,403 | ||||||
Limelight Networks, Inc. *@ | 15,146 | 36,047 | ||||||
Liveramp Holdings, Inc. * | 8,339 | 393,851 | ||||||
Maximus, Inc. | 2,874 | 239,117 | ||||||
MoneyGram International, Inc. * | 131 | 1,051 | ||||||
Perficient, Inc. * | 4,602 | 532,451 | ||||||
PFSweb, Inc. * | 3,727 | 48,078 | ||||||
ServiceSource International, Inc. * | 10,651 | 14,379 | ||||||
TTEC Holdings, Inc. | 6,311 | 590,268 | ||||||
Unisys Corp. * | 700 | 17,598 | ||||||
Western Union Co. (The) | 10,702 | 216,394 | ||||||
WEX, Inc. * | 2,575 | 453,561 | ||||||
|
| |||||||
6,965,581 | ||||||||
|
| |||||||
Leisure Equipment & Products 0.7% |
| |||||||
American Outdoor Brands, | 1,946 | 47,794 | ||||||
Brunswick Corp. | 4,070 | 387,749 | ||||||
Callaway Golf Co. * | 10,373 | 286,606 | ||||||
Clarus Corp. | 1,907 | 48,876 | ||||||
Escalade, Inc. | 1,950 | 36,875 |
SHARES | VALUE | |||||||
Johnson Outdoors, Inc., Class A | 1,000 | $ | 105,800 | |||||
Malibu Boats, Inc., Class A * | 2,764 | 193,425 | ||||||
Marine Products Corp. | 3,930 | 49,164 | ||||||
MasterCraft Boat Holdings, Inc. * | 2,852 | 71,528 | ||||||
Mattel, Inc. * | 16,916 | 313,961 | ||||||
Nautilus, Inc. *@ | 4,979 | 46,354 | ||||||
Polaris, Inc. | 3,530 | 422,400 | ||||||
Smith & Wesson Brands, Inc. | 7,099 | 147,375 | ||||||
Vista Outdoor, Inc. * | 4,383 | 176,679 | ||||||
YETI Holdings, Inc. * | 2,442 | 209,255 | ||||||
|
| |||||||
2,543,841 | ||||||||
|
| |||||||
Life Sciences Tools & Services 1.0% |
| |||||||
Adaptive Biotechnologies Corp. * | 200 | 6,798 | ||||||
Bruker Corp. | 11,719 | 915,254 | ||||||
Codexis, Inc. * | 4,499 | 104,647 | ||||||
Fluidigm Corp. * | 1,700 | 11,203 | ||||||
Harvard Bioscience, Inc. * | 10,123 | 70,659 | ||||||
Inotiv, Inc. *@ | 239 | 6,988 | ||||||
Medpace Holdings, Inc. * | 2,778 | 525,820 | ||||||
NeoGenomics, Inc. *@ | 6,214 | 299,763 | ||||||
Repligen Corp. * | 4,248 | 1,227,629 | ||||||
Syneos Health, Inc. * | 7,939 | 694,504 | ||||||
|
| |||||||
3,863,265 | ||||||||
|
| |||||||
Machinery 5.4% | ||||||||
AGCO Corp. | 4,642 | 568,784 | ||||||
Alamo Group, Inc. | 1,320 | 184,180 | ||||||
Albany International Corp., Class A | 3,587 | 275,733 | ||||||
Allison Transmission Holdings, Inc. | 7,391 | 261,050 | ||||||
Altra Industrial Motion Corp. | 2,666 | 147,563 | ||||||
Astec Industries, Inc. | 2,667 | 143,511 | ||||||
Barnes Group, Inc. | 5,589 | 233,229 | ||||||
Blue Bird Corp. * | 2,584 | 53,902 | ||||||
Chart Industries, Inc. * | 3,344 | 639,072 | ||||||
CIRCOR International, Inc. * | 2,600 | 85,826 | ||||||
Colfax Corp. * | 1,255 | 57,605 | ||||||
Columbus McKinnon Corp. | 3,112 | 150,465 | ||||||
Commercial Vehicle Group, Inc. * | 3,758 | 35,551 | ||||||
Crane Co. | 3,089 | 292,868 | ||||||
Donaldson Co., Inc. | 8,206 | 471,106 | ||||||
Douglas Dynamics, Inc. | 2,910 | 105,633 | ||||||
Eastern Co. (The) | 1,272 | 32,004 | ||||||
Enerpac Tool Group Corp. | 7,109 | 147,370 | ||||||
EnPro Industries, Inc. | 2,344 | 204,209 | ||||||
ESCO Technologies, Inc. | 2,646 | 203,742 | ||||||
Federal Signal Corp. | 7,025 | 271,306 | ||||||
Flowserve Corp. | 8,820 | 305,789 | ||||||
Franklin Electric Co., Inc. | 5,666 | 452,430 | ||||||
Gorman-Rupp Co. (The) | 3,803 | 136,185 | ||||||
Graco, Inc. | 10,654 | 745,460 | ||||||
Graham Corp. | 1,759 | 21,812 | ||||||
Greenbrier Cos., Inc. (The) | 3,984 | 171,272 | ||||||
Helios Technologies, Inc. | 4,609 | 378,445 | ||||||
Hurco Cos., Inc. | 1,000 | 32,260 | ||||||
Hyster-Yale Materials Handling, Inc. | 1,765 | 88,709 | ||||||
ITT, Inc. | 5,131 | 440,445 | ||||||
John Bean Technologies Corp. | 3,620 | 508,791 | ||||||
Kadant, Inc. | 1,660 | 338,806 | ||||||
Kennametal, Inc. | 6,340 | 217,018 | ||||||
LB Foster Co., Class A * | 2,165 | 33,536 | ||||||
Lincoln Electric Holdings, Inc. | 3,365 | 433,378 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Machinery {Continued) | ||||||||
Lindsay Corp. | 1,507 | $ | 228,748 | |||||
Lydall, Inc. * | 3,767 | 233,893 | ||||||
Manitex International, Inc. * | 1,300 | 9,334 | ||||||
Manitowoc Co., Inc. (The) * | 3,607 | 77,262 | ||||||
Meritor, Inc. * | 9,450 | 201,380 | ||||||
Middleby Corp. (The) * | 4,055 | 691,418 | ||||||
Miller Industries, Inc. | 1,261 | 42,924 | ||||||
Mueller Industries, Inc. | 6,958 | 285,974 | ||||||
Mueller Water Products, Inc., Class A | 17,526 | 266,746 | ||||||
NN, Inc. * | 5,264 | 27,636 | ||||||
Nordson Corp. | 2,976 | 708,734 | ||||||
Omega Flex, Inc. | 1,119 | 159,670 | ||||||
Oshkosh Corp. | 4,130 | 422,788 | ||||||
Park-Ohio Holdings Corp. | 2,182 | 55,685 | ||||||
Pentair PLC | 11,013 | 799,874 | ||||||
Perma-Pipe International Holdings, Inc. * | 1,900 | 14,744 | ||||||
Proto Labs, Inc. * | 2,997 | 199,600 | ||||||
RBC Bearings, Inc. * | 2,928 | 621,322 | ||||||
Rexnord Corp. | 14,150 | 909,703 | ||||||
Shyft Group, Inc. (The) | 5,720 | 217,417 | ||||||
Snap-On, Inc. | 1,600 | 334,320 | ||||||
SPX Corp. * | 5,735 | 306,536 | ||||||
SPX FLOW, Inc. | 4,360 | 318,716 | ||||||
Standex International Corp. | 1,639 | 162,113 | ||||||
Tennant Co. | 2,337 | 172,821 | ||||||
Terex Corp. | 7,895 | 332,380 | ||||||
Timken Co. (The) | 9,079 | 593,948 | ||||||
Titan International, Inc. * | 7,879 | 56,414 | ||||||
Toro Co. (The) | 7,421 | 722,880 | ||||||
Trinity Industries, Inc. | 4,908 | 133,350 | ||||||
Wabash National Corp. | 6,446 | 97,528 | ||||||
Watts Water Technologies, Inc., Class A | 3,585 | 602,603 | ||||||
Welbilt, Inc. * | 25,499 | 592,597 | ||||||
Woodward, Inc. | 4,322 | 489,250 | ||||||
|
| |||||||
19,959,353 | ||||||||
|
| |||||||
Marine 0.2% |
| |||||||
Costamare, Inc. | 5,728 | 88,727 | ||||||
Eagle Bulk Shipping, Inc. *@ | 436 | 21,983 | ||||||
Eneti, Inc. | 420 | 7,014 | ||||||
Kirby Corp. * | 4,368 | 209,489 | ||||||
Matson, Inc. | 5,291 | 427,037 | ||||||
|
| |||||||
754,250 | ||||||||
|
| |||||||
Media 1.4% |
| |||||||
Altice USA, Inc., Class A * | 8,066 | 167,128 | ||||||
AMC Networks, Inc., Class A * | 3,389 | 157,894 | ||||||
Cable One, Inc. | 397 | 719,813 | ||||||
Entravision Communications Corp., Class A | 12,528 | 88,949 | ||||||
EW Scripps Co. (The), Class A | 7,073 | 127,738 | ||||||
Gannett Co., Inc. * | 1 | 7 | ||||||
Gray Television, Inc. | 10,420 | 237,784 | ||||||
Hemisphere Media Group, Inc. * | 2,950 | 35,931 | ||||||
Interpublic Group of Cos., Inc. (The) | 16,227 | 595,044 | ||||||
John Wiley & Sons, Inc., Class A | 1,866 | 97,424 | ||||||
Meredith Corp. * | 6,621 | 368,790 | ||||||
New York Times Co. (The), Class A | 20,972 | 1,033,290 | ||||||
News Corp., Class A | 19,977 | 470,059 | ||||||
News Corp., Class B | 3,804 | 88,367 | ||||||
Nexstar Media Group, Inc. Class A | 4,189 | 636,560 | ||||||
Saga Communications, Inc., Class A | 664 | 15,106 | ||||||
Scholastic Corp. | 3,519 | 125,452 | ||||||
TechTarget, Inc. * | 4,017 | 331,081 | ||||||
|
| |||||||
5,296,417 | ||||||||
|
|
SHARES | VALUE | |||||||
Metals & Mining 1.8% |
| |||||||
Alcoa Corp. * | 15,179 | $ | 742,860 | |||||
Allegheny Technologies, Inc. * | 11,817 | 196,517 | ||||||
Ampco-Pittsburgh Corp. * | 1,498 | 7,041 | ||||||
Carpenter Technology Corp. | 4,542 | 148,705 | ||||||
Century Aluminum Co. * | 10,675 | 143,579 | ||||||
Cleveland-Cliffs, Inc. *@ | 21,519 | 426,291 | ||||||
Coeur Mining, Inc. * | 17,429 | 107,537 | ||||||
Commercial Metals Co. | 15,478 | 471,460 | ||||||
Compass Minerals International, Inc. | 3,215 | 207,046 | ||||||
Ferroglobe Representation & Warranty Insurance Trust §* | 24,025 | | ||||||
Fortitude Gold Corp. | 4,671 | 31,576 | ||||||
Friedman Industries, Inc. | 700 | 8,337 | ||||||
Haynes International, Inc. | 1,229 | 45,780 | ||||||
Hecla Mining Co. | 30,869 | 169,779 | ||||||
Kaiser Aluminum Corp. | 3,912 | 426,252 | ||||||
Materion Corp. | 2,319 | 159,176 | ||||||
Olympic Steel, Inc. | 1,200 | 29,232 | ||||||
Reliance Steel & Aluminum Co. | 7,110 | 1,012,606 | ||||||
Royal Gold, Inc. | 4,388 | 419,010 | ||||||
Ryerson Holding Corp. | 5,114 | 113,889 | ||||||
Schnitzer Steel Industries, Inc., Class A | 3,280 | 143,697 | ||||||
Steel Dynamics, Inc. | 14,567 | 851,878 | ||||||
SunCoke Energy, Inc. | 8,204 | 51,521 | ||||||
TimkenSteel Corp. * | 5,303 | 69,363 | ||||||
United States Steel Corp. @ | 12,381 | 272,011 | ||||||
Universal Stainless & Alloy Products, Inc. * | 1,092 | 11,313 | ||||||
Worthington Industries, Inc. | 5,308 | 279,732 | ||||||
|
| |||||||
6,546,188 | ||||||||
|
| |||||||
Multi-Utilities 0.6% |
| |||||||
Avista Corp. | 7,962 | 311,473 | ||||||
Black Hills Corp. | 7,085 | 444,655 | ||||||
Centerpoint Energy, Inc. | 19,945 | 490,647 | ||||||
MDU Resources Group, Inc. | 11,285 | 334,826 | ||||||
NiSource, Inc. | 17,851 | 432,530 | ||||||
NorthWestern Corp. | 4,148 | 237,680 | ||||||
Unitil Corp. | 1,923 | 82,266 | ||||||
|
| |||||||
2,334,077 | ||||||||
|
| |||||||
Multiline Retail 0.4% |
| |||||||
Big Lots, Inc. | 3,929 | 170,361 | ||||||
Dillards, Inc., Class A @ | 1,103 | 190,290 | ||||||
Kohls Corp. | 11,023 | 519,073 | ||||||
Macys, Inc. | 19,449 | 439,547 | ||||||
Nordstrom, Inc. * | 346 | 9,152 | ||||||
Ollies Bargain Outlet Holdings, Inc. *@ | 3,753 | 226,231 | ||||||
|
| |||||||
1,554,654 | ||||||||
|
| |||||||
Oil, Gas & Consumable Fuels 2.2% | ||||||||
Adams Resources & Energy, Inc. | 536 | 16,278 | ||||||
Antero Midstream Corp. | 1,022 | 10,649 | ||||||
APA Corp. | 12,500 | 267,875 | ||||||
Arch Resources, Inc. * | 1,314 | 121,873 | ||||||
Ardmore Shipping Corp. * | 1,612 | 6,690 | ||||||
Bonanza Creek Energy, Inc. @ | 1,752 | 83,921 | ||||||
Cabot Oil & Gas Corp. | 20,782 | 452,216 | ||||||
Chesapeake Energy Corp. | 198 | 12,195 | ||||||
Cimarex Energy Co. | 6,255 | 545,436 | ||||||
Clean Energy Fuels Corp. * | 20,279 | 165,274 | ||||||
CNX Resources Corp. * | 16,780 | 211,764 | ||||||
CONSOL Energy, Inc. * | 2,376 | 61,824 | ||||||
Continental Resources, Inc. | 4,981 | 229,873 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Oil, Gas & Consumable Fuels (Continued) |
| |||||||
CVR Energy, Inc. | 3,184 | $ | 53,045 | |||||
Delek US Holdings, Inc. | 7,082 | 127,264 | ||||||
Devon Energy Corp. | 15,670 | 556,442 | ||||||
DHT Holdings, Inc. | 16,250 | 106,112 | ||||||
Diamondback Energy, Inc. | 641 | 60,683 | ||||||
Dorian LPG Ltd. | 3,332 | 41,350 | ||||||
Earthstone Energy, Inc., | 3,602 | 33,138 | ||||||
EnLink Midstream LLC * | 22,969 | 156,649 | ||||||
EQT Corp. * | 16,054 | 328,465 | ||||||
Equitrans Midstream Corp. | 4,100 | 41,574 | ||||||
Evolution Petroleum Corp. | 5,356 | 30,422 | ||||||
Goodrich Petroleum Corp. * | 401 | 9,488 | ||||||
Green Plains, Inc. * | 5,096 | 166,384 | ||||||
HollyFrontier Corp. | 9,611 | 318,412 | ||||||
International Seaways, Inc. | 4,383 | 79,858 | ||||||
Magnolia Oil & Gas Corp., Class A | 1,028 | 18,288 | ||||||
Marathon Oil Corp. | 31,488 | 430,441 | ||||||
Matador Resources Co. | 12,875 | 489,765 | ||||||
Murphy Oil Corp. | 16,921 | 422,517 | ||||||
NACCO Industries, Inc., Class A | 1,000 | 29,840 | ||||||
Overseas Shipholding Group, Inc., Class A * | 11,837 | 24,621 | ||||||
Par Pacific Holdings, Inc. * | 4,135 | 65,002 | ||||||
PBF Energy, Inc., Class A * | 9,903 | 128,442 | ||||||
PDC Energy, Inc. | 8,838 | 418,833 | ||||||
Range Resources Corp. * | 8,409 | 190,296 | ||||||
Renewable Energy Group, Inc. * | 4,892 | 245,578 | ||||||
Rex American Resources Corp. * | 788 | 62,938 | ||||||
Scorpio Tankers, Inc. | 4,277 | 79,296 | ||||||
SFL Corp. Ltd. | 10,975 | 91,971 | ||||||
SilverBow Resources, Inc. * | 1,024 | 25,088 | ||||||
Southwestern Energy Co. * | 61,346 | 339,857 | ||||||
Talos Energy, Inc. * | 4,465 | 61,483 | ||||||
Targa Resources Corp. | 10,817 | 532,305 | ||||||
W&T Offshore, Inc. * | 8,474 | 31,523 | ||||||
World Fuel Services Corp. | 4,796 | 161,242 | ||||||
|
| |||||||
8,144,480 | ||||||||
|
| |||||||
Paper & Forest Products 0.5% |
| |||||||
Clearwater Paper Corp. * | 1,838 | 70,450 | ||||||
Domtar Corp. * | 6,303 | 343,766 | ||||||
Glatfelter Corp. | 6,141 | 86,588 | ||||||
Louisiana-Pacific Corp. | 13,348 | 819,167 | ||||||
Mercer International, Inc. | 7,857 | 91,063 | ||||||
Neenah, Inc. | 1,974 | 92,008 | ||||||
Resolute Forest Products, Inc. | 7,629 | 90,785 | ||||||
Schweitzer-Mauduit International, Inc. | 3,456 | 119,785 | ||||||
Verso Corp. Class A | 5,404 | 112,133 | ||||||
|
| |||||||
1,825,745 | ||||||||
|
| |||||||
Personal Products 0.6% |
| |||||||
Coty, Inc., Class A * | 43,703 | 343,506 | ||||||
Edgewell Personal Care Co. | 4,450 | 161,535 | ||||||
Herbalife Nutriation Ltd. * | 9,462 | 400,999 | ||||||
Inter Parfums, Inc. | 3,888 | 290,706 | ||||||
Medifast, Inc. | 1,590 | 306,298 | ||||||
Natural Alternatives International, Inc. * | 1,000 | 13,480 | ||||||
Natural Health Trends Corp. | 1,100 | 7,887 | ||||||
Natures Sunshine Products, Inc. | 1,700 | 24,905 | ||||||
Nu Skin Enterprises, Inc., Class A | 5,519 | 223,354 |
SHARES | VALUE | |||||||
United-Guardian, Inc. | 600 | $ | 8,508 | |||||
USANA Health Sciences, Inc. * | 2,862 | 263,876 | ||||||
|
| |||||||
2,045,054 | ||||||||
|
| |||||||
Pharmaceuticals 0.9% |
| |||||||
Amneal Pharmaceuticals, Inc. * | 7,273 | 38,838 | ||||||
Amphastar Pharmaceuticals, | 6,170 | 117,292 | ||||||
ANI Pharmaceuticals, Inc. * | 1,305 | 42,830 | ||||||
Antares Pharma, Inc. * | 9,163 | 33,353 | ||||||
Arvinas, Inc. * | 1,978 | 162,552 | ||||||
BioDelivery Sciences International, Inc. * | 5,900 | 21,299 | ||||||
Cara Therapeutics, Inc. * | 2,304 | 35,597 | ||||||
Collegium Pharmaceutical, Inc. * | 1,588 | 31,347 | ||||||
Corcept Therapeutics, Inc. * | 7,097 | 139,669 | ||||||
Cumberland Pharmaceuticals, Inc. * | 5,912 | 15,962 | ||||||
Endo International PLC * | 15,983 | 51,785 | ||||||
Innoviva, Inc. * | 5,963 | 99,642 | ||||||
Intra-Cellular Therapies, Inc. * | 4,163 | 155,197 | ||||||
Jazz Pharmaceuticals PLC * | 4,717 | 614,200 | ||||||
Lannett Co., Inc. *@ | 4,608 | 13,824 | ||||||
Marinus Pharmaceuticals, | 1,733 | 19,721 | ||||||
Nektar Therapeutics * | 7,979 | 143,303 | ||||||
NGM Biopharmaceuticals, Inc. * | 3,008 | 63,228 | ||||||
Organon & Co. | 2,040 | 66,892 | ||||||
Otonomy, Inc. * | 6,289 | 12,075 | ||||||
Pacira BioSciences, Inc. * | 2,517 | 140,952 | ||||||
Perrigo Co. PLC | 12,427 | 588,170 | ||||||
Phathom Pharmaceuticals, | 1,013 | 32,517 | ||||||
Phibro Animal Health Corp., Class A | 1,835 | 39,526 | ||||||
Prestige Consumer Healthcare, Inc. * | 6,078 | 341,037 | ||||||
Relmada Therapeutics, Inc. * | 400 | 10,484 | ||||||
Revance Therapeutics, Inc. * | 375 | 10,447 | ||||||
SIGA Technologies, Inc. * | 1,900 | 14,041 | ||||||
Supernus Pharmaceuticals, Inc. * | 6,608 | 176,235 | ||||||
Taro Pharmaceutical Industries Ltd. * | 782 | 49,759 | ||||||
Zogenix, Inc. * | 3,347 | 50,841 | ||||||
Zynerba Pharmaceuticals, | 1,626 | 6,894 | ||||||
|
| |||||||
3,339,509 | ||||||||
|
| |||||||
Professional Services 2.3% |
| |||||||
Acacia Research Corp. * | 7,978 | 54,171 | ||||||
ASGN, Inc. * | 5,882 | 665,489 | ||||||
Barrett Business Services, Inc. | 935 | 71,303 | ||||||
Booz Allen Hamilton Holding Corp. | 1,166 | 92,522 | ||||||
CACI International, Inc., | 2,530 | 663,113 | ||||||
CBIZ, Inc. * | 6,173 | 199,635 | ||||||
CRA International, Inc. | 1,016 | 100,929 | ||||||
Exponent, Inc. | 5,886 | 666,001 | ||||||
Forrester Research, Inc. * | 2,360 | 116,254 | ||||||
Franklin Covey Co. * | 2,254 | 91,941 | ||||||
FTI Consulting, Inc. * | 3,897 | 524,926 | ||||||
GP Strategies Corp. * | 3,068 | 63,508 | ||||||
Heidrick & Struggles International, Inc. | 2,394 | 106,844 | ||||||
Huron Consulting Group, Inc. * | 2,643 | 137,436 | ||||||
ICF International, Inc. | 2,232 | 199,295 | ||||||
Insperity, Inc. | 4,545 | 503,313 | ||||||
KBR, Inc. | 14,771 | 581,977 | ||||||
Kelly Services, Inc., Class A | 4,683 | 88,415 | ||||||
Kforce, Inc. | 3,597 | 214,525 | ||||||
Korn Ferry | 6,561 | 474,754 | ||||||
Manpowergroup, Inc. | 3,514 | 380,496 | ||||||
ManTech International Corp., Class A | 3,236 | 245,677 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Professional Services (Continued) |
| |||||||
Mastech Digital, Inc. * | 2,122 | $ | 36,095 | |||||
Mistras Group, Inc. * | 3,084 | 31,333 | ||||||
Nielsen Holdings PLC | 23,063 | 442,579 | ||||||
RCM Technologies, Inc. * | 2,995 | 18,210 | ||||||
Resources Connection, Inc. | 3,396 | 53,589 | ||||||
Robert Half International, Inc. | 7,950 | 797,624 | ||||||
Science Applications International Corp. | 2,559 | 218,948 | ||||||
TriNet Group, Inc. * | 7,418 | 701,594 | ||||||
TrueBlue, Inc. * | 4,197 | 113,655 | ||||||
|
| |||||||
8,656,151 | ||||||||
|
| |||||||
Real Estate Investment Trusts (REITs) 0.0% |
| |||||||
Contra Zagg, Inc. §* | 6,699 | 452 | ||||||
CTO Realty Growth, Inc. | 294 | 15,805 | ||||||
Indus Realty Trust, Inc. | 427 | 29,933 | ||||||
|
| |||||||
46,190 | ||||||||
|
| |||||||
Real Estate Management & Development 0.7% |
| |||||||
Forestar Group, Inc. * | 1,150 | 21,425 | ||||||
Howard Hughes Corp. (The) * | 3,042 | 267,118 | ||||||
Jones Lang LaSalle, Inc. * | 3,879 | 962,341 | ||||||
Kennedy-Wilson Holdings, Inc. | 13,722 | 287,064 | ||||||
Marcus & Millichap, Inc. * | 3,813 | 154,884 | ||||||
Maui Land & Pineapple Co., Inc. * | 2,324 | 24,077 | ||||||
Newmark Group, Inc., Class A | 24,049 | 344,141 | ||||||
Rafael Holdings, Inc., | 3,010 | 92,497 | ||||||
RE/MAX Holdings, Inc., Class A | 1,837 | 57,241 | ||||||
Realogy Holdings Corp. * | 5,347 | 93,786 | ||||||
RMR Group, Inc. (The) Class A | 1,159 | 38,769 | ||||||
St. Joe Co. (The) | 2,868 | 120,743 | ||||||
Stratus Properties, Inc. * | 313 | 10,091 | ||||||
Tejon Ranch Co. * | 2,949 | 52,374 | ||||||
|
| |||||||
2,526,551 | ||||||||
|
| |||||||
Road & Rail 1.4% |
| |||||||
AMERCO | 900 | 581,427 | ||||||
ArcBest Corp. | 3,093 | 252,915 | ||||||
Avis Budget Group, Inc. * | 12,196 | 1,420,956 | ||||||
Covenant Logistics Group, Inc. * | 1,911 | 52,839 | ||||||
Heartland Express, Inc. | 9,300 | 148,986 | ||||||
Knight-Swift Transportation Holdings, Inc. | 10,458 | 534,927 | ||||||
Landstar System, Inc. | 2,867 | 452,470 | ||||||
Marten Transport Ltd. | 11,163 | 175,148 | ||||||
P.A.M. Transportation Services, Inc. * | 3,046 | 137,009 | ||||||
Saia, Inc. * | 3,808 | 906,418 | ||||||
Schneider National, Inc., Class B | 1,500 | 34,110 | ||||||
Universal Logistics Holdings, Inc. | 2,551 | 51,224 | ||||||
USA Truck, Inc. * | 2,154 | 32,913 | ||||||
Werner Enterprises, Inc. | 7,749 | 343,048 | ||||||
Yellow Corp. * | 2,108 | 11,910 | ||||||
|
| |||||||
5,136,300 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment 3.6% |
| |||||||
ACM Research, Inc.,Class A * | 239 | 26,290 | ||||||
Alpha & Omega Semiconductor Ltd. * | 2,886 | 90,534 | ||||||
Ambarella, Inc. * | 1,615 | 251,520 | ||||||
Amkor Technology, Inc. | 33,211 | 828,614 | ||||||
Amtech Systems, Inc. * | 2,822 | 32,255 | ||||||
Axcelis Technologies, Inc. * | 3,944 | 185,486 | ||||||
AXT, Inc. * | 5,653 | 47,090 | ||||||
Brooks Automation, Inc. | 7,168 | 733,645 | ||||||
Ceva, Inc. * | 3,095 | 132,064 | ||||||
Cirrus Logic, Inc. * | 6,269 | 516,252 | ||||||
CMC Materials, Inc. | 3,366 | 414,792 | ||||||
Cohu, Inc. * | 5,714 | 182,505 |
SHARES | VALUE | |||||||
Cyberoptics Corp. * | 1,123 | $ | 39,956 | |||||
Diodes, Inc. * | 5,169 | 468,260 | ||||||
DSP Group, Inc. * | 2,555 | 55,980 | ||||||
First Solar, Inc. * | 8,994 | 858,567 | ||||||
FormFactor, Inc. * | 9,854 | 367,850 | ||||||
GSI Technology, Inc. * | 4,641 | 24,504 | ||||||
Kulicke & Soffa Industries, Inc. | 5,414 | 315,528 | ||||||
Lattice Semiconductor Corp. * | 15,739 | 1,017,526 | ||||||
MACOM Technology Solutions Holdings, Inc. * | 447 | 28,997 | ||||||
Magnachip Semiconductor Corp. * | 4,588 | 81,483 | ||||||
MaxLinear, Inc. * | 7,715 | 379,964 | ||||||
MKS Instruments, Inc. | 5,561 | 839,211 | ||||||
NeoPhotonics Corp. * | 5,402 | 47,051 | ||||||
NVE Corp. | 502 | 32,113 | ||||||
Onto Innovation, Inc. * | 4,376 | 316,166 | ||||||
PDF Solutions, Inc. * | 4,938 | 113,772 | ||||||
Photronics, Inc. * | 7,008 | 95,519 | ||||||
Pixelworks, Inc. * | 6,964 | 33,288 | ||||||
Power Integrations, Inc. | 7,955 | 787,465 | ||||||
Rambus, Inc. * | 14,241 | 316,150 | ||||||
Semtech Corp. * | 7,337 | 572,066 | ||||||
Silicon Laboratories, Inc. * | 3,982 | 558,117 | ||||||
Synaptics, Inc. * | 5,027 | 903,503 | ||||||
Ultra Clean Holdings, Inc. * | 5,102 | 217,345 | ||||||
Universal Display Corp. | 3,037 | 519,206 | ||||||
Veeco Instruments, Inc. * | 4,666 | 103,632 | ||||||
Wolfspeed, Inc. *@ | 10,030 | 809,722 | ||||||
|
| |||||||
13,343,988 | ||||||||
|
| |||||||
Software 3.4% |
| |||||||
ACI Worldwide, Inc. * | 13,538 | 416,023 | ||||||
Agilysys, Inc. * | 2,848 | 149,121 | ||||||
Alarm.com Holdings, Inc. * | 465 | 36,358 | ||||||
Altair Engineering, Inc., Class A *@ | 258 | 17,787 | ||||||
Alteryx, Inc., Class A * | 2,077 | 151,829 | ||||||
American Software, Inc., Class A | 4,461 | 105,949 | ||||||
Anaplan, Inc. * | 6,144 | 374,108 | ||||||
Appfolio, Inc., Class A *@ | 2,105 | 253,442 | ||||||
Appian Corp. *@ | 279 | 25,810 | ||||||
Asana, Inc., Class A * | 2,620 | 272,061 | ||||||
Aspen Technology, Inc. * | 4,750 | 583,300 | ||||||
Asure Software, Inc. * | 3,022 | 27,228 | ||||||
Avalara, Inc. * | 288 | 50,334 | ||||||
Aware, Inc. * | 4,900 | 20,041 | ||||||
Black Knight, Inc. * | 200 | 14,400 | ||||||
Blackbaud, Inc. * | 5,719 | 402,332 | ||||||
Blackline, Inc. * | 700 | 82,642 | ||||||
Bottomline Technologies de, Inc. * | 3,527 | 138,541 | ||||||
Bsquare Corp. * | 2,300 | 5,543 | ||||||
CDK Global, Inc. | 7,726 | 328,741 | ||||||
Cognyte Software Ltd. * | 8,163 | 167,750 | ||||||
Commvault Systems, Inc. * | 646 | 48,650 | ||||||
Dolby Laboratories, Inc., Class A | 2,281 | 200,728 | ||||||
Dropbox, Inc., Class A * | 9,814 | 286,765 | ||||||
Ebix, Inc. | 2,155 | 58,034 | ||||||
eGain Corp. * | 4,304 | 43,901 | ||||||
Elastic NV * | 3,540 | 527,425 | ||||||
Envestnet, Inc. * | 1,760 | 141,222 | ||||||
Five9, Inc. * | 3,484 | 556,534 | ||||||
Guidewire Software, Inc. * | 4,139 | 492,003 | ||||||
InterDigital, Inc. | 3,367 | 228,350 | ||||||
j2 Global, Inc. * | 2,996 | 409,313 | ||||||
Manhattan Associates, Inc. * | 3,948 | 604,162 | ||||||
Model N, Inc. *@ | 401 | 13,433 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Software (Continued) |
| |||||||
NCR Corp. * | 2,088 | $ | 80,931 | |||||
Nuance Communications, Inc. * | 4,707 | 259,073 | ||||||
Nutanix, Inc., Class A * | 7,213 | 271,930 | ||||||
OneSpan, Inc. * | 3,696 | 69,411 | ||||||
Paylocity Holding Corp. * | 3,577 | 1,002,991 | ||||||
Pegasystems, Inc. | 6,514 | 827,929 | ||||||
Progress Software Corp. | 5,072 | 249,492 | ||||||
QAD, Inc., Class A | 181 | 15,818 | ||||||
QAD, Inc., Class B | 960 | 83,664 | ||||||
Qualys, Inc. * | 4,157 | 462,633 | ||||||
Sailpoint Technologies Holdings, Inc. * | 770 | 33,018 | ||||||
Smartsheet, Inc., Class A * | 4,917 | 338,388 | ||||||
Teradata Corp. * | 5,855 | 335,784 | ||||||
Varonis Systems, Inc. * | 1,100 | 66,935 | ||||||
Verint Systems, Inc. *@ | 6,847 | 306,677 | ||||||
Vonage Holdings Corp. * | 25,008 | 403,129 | ||||||
Workiva, Inc. * | 959 | 135,181 | ||||||
Xperi Holding Corp. | 19,304 | 363,687 | ||||||
|
| |||||||
12,540,531 | ||||||||
|
| |||||||
Specialty Retail 3.9% |
| |||||||
Aarons Co. Inc. (The) | 4,459 | 122,801 | ||||||
Abercrombie & Fitch Co., Class A * | 6,739 | 253,589 | ||||||
Advance Auto Parts, Inc. | 3,935 | 821,982 | ||||||
Americas Car-Mart, Inc. * | 822 | 95,993 | ||||||
American Eagle Outfitters, Inc. @ | 24,435 | 630,423 | ||||||
Asbury Automotive Group, Inc. * | 2,545 | 500,703 | ||||||
AutoNation, Inc. * | 2,381 | 289,911 | ||||||
Barnes & Noble Education, Inc. * | 5,686 | 56,803 | ||||||
Bath & Body Works, Inc. | 1,927 | 121,459 | ||||||
Bed Bath & Beyond, Inc. * | 3,408 | 58,873 | ||||||
Boot Barn Holdings, Inc. * | 4,628 | 411,290 | ||||||
Buckle, Inc. (The) | 5,602 | 221,783 | ||||||
Build-A-Bear Workshop, Inc. * | 5,546 | 93,949 | ||||||
Caleres, Inc. | 5,778 | 128,387 | ||||||
Cato Corp. (The) Class A | 3,965 | 65,581 | ||||||
Childrens Place, Inc. (The) * | 2,091 | 157,369 | ||||||
Citi Trends, Inc. * | 1,763 | 128,629 | ||||||
Conns, Inc. * | 4,848 | 110,680 | ||||||
Designer Brands, Inc., | 5,596 | 77,952 | ||||||
Dicks Sporting Goods, Inc. @ | 8,312 | 995,528 | ||||||
Five Below, Inc. * | 5,697 | 1,007,287 | ||||||
Floor & Decor Holdings, Inc., Class A * | 4,489 | 542,226 | ||||||
Foot Locker, Inc. | 5,397 | 246,427 | ||||||
Gap, Inc. (The) | 22,289 | 505,960 | ||||||
Genesco, Inc. * | 2,209 | 127,526 | ||||||
Group 1 Automotive, Inc. | 2,105 | 395,488 | ||||||
Guess?, Inc. | 6,235 | 130,997 | ||||||
Haverty Furniture Cos., Inc. | 1,983 | 66,847 | ||||||
Hibbett, Inc. | 2,842 | 201,043 | ||||||
Lithia Motors, Inc. | 3,935 | 1,247,553 | ||||||
MarineMax, Inc. * | 3,014 | 146,239 | ||||||
Monro, Inc. | 4,081 | 234,698 | ||||||
Murphy USA, Inc. | 3,357 | 561,492 | ||||||
ODP Corp. (The) * | 4,006 | 160,881 | ||||||
Penske Automotive Group, | 1,742 | 175,245 | ||||||
Rent-A-Center, Inc. | 7,163 | 402,632 | ||||||
RH* | 540 | 360,131 | ||||||
Sally Beauty Holdings, Inc. * | 4,925 | 82,986 |
SHARES | VALUE | |||||||
Shoe Carnival, Inc. | 3,600 | $ | 116,712 | |||||
Signet Jewelers Ltd. | 8,028 | 633,891 | ||||||
Sleep Number Corp. * | 3,221 | 301,099 | ||||||
Sonic Automotive, Inc., Class A @ | 3,763 | 197,708 | ||||||
Sportsmans Warehouse Holdings, Inc. * | 7,232 | 127,283 | ||||||
Tillys, Inc., Class A | 3,349 | 46,920 | ||||||
TravelCenters of America, | 1,344 | 66,918 | ||||||
Urban Outfitters, Inc. * | 3,938 | 116,919 | ||||||
Victorias Secret & Co. * | 642 | 35,477 | ||||||
Williams-Sonoma, Inc. | 4,058 | 719,605 | ||||||
Winmark Corp. | 651 | 139,985 | ||||||
Zumiez, Inc. * | 3,142 | 124,926 | ||||||
|
| |||||||
14,566,786 | ||||||||
|
| |||||||
Textiles, Apparel & Luxury Goods 2.1% |
| |||||||
Capri Holdings Ltd. * | 8,276 | 400,641 | ||||||
Carters, Inc. | 1,367 | 132,927 | ||||||
Columbia Sportswear Co. | 4,507 | 431,951 | ||||||
Crocs, Inc. * | 10,840 | 1,555,323 | ||||||
Culp, Inc. | 2,004 | 25,812 | ||||||
Deckers Outdoor Corp. * | 3,768 | 1,357,234 | ||||||
Delta Apparel, Inc. * | 1,153 | 31,488 | ||||||
Fossil Group, Inc. * | 2,477 | 29,352 | ||||||
G-III Apparel Group Ltd. * | 5,807 | 164,338 | ||||||
Hanesbrands, Inc. | 22,273 | 382,205 | ||||||
Lakeland Industries, Inc. * | 1,669 | 35,049 | ||||||
Movado Group, Inc. | 2,220 | 69,908 | ||||||
Oxford Industries, Inc. | 1,892 | 170,602 | ||||||
PVH Corp. * | 4,448 | 457,210 | ||||||
Ralph Lauren Corp. | 2,279 | 253,060 | ||||||
Rocky Brands, Inc. | 1,000 | 47,610 | ||||||
Skechers U.S.A., Inc., | 6,530 | 275,044 | ||||||
Steven Madden Ltd. | 7,918 | 317,987 | ||||||
Superior Group of Cos., Inc. | 2,200 | 51,238 | ||||||
Tapestry, Inc. | 18,072 | 669,025 | ||||||
Under Armour, Inc., Class A * | 11,563 | 233,341 | ||||||
Under Armour, Inc., Class C * | 11,079 | 194,104 | ||||||
Unifi, Inc. * | 2,394 | 52,500 | ||||||
Vera Bradley, Inc. * | 5,091 | 47,906 | ||||||
Wolverine World Wide, Inc. | 9,990 | 298,102 | ||||||
|
| |||||||
7,683,957 | ||||||||
|
| |||||||
Thrifts & Mortgage Finance 1.3% |
| |||||||
Axos Financial, Inc. * | 7,155 | 368,769 | ||||||
Capitol Federal Financial, Inc. | 15,790 | 181,427 | ||||||
ESSA Bancorp, Inc. | 1,900 | 31,540 | ||||||
Essent Group Ltd. | 4,642 | 204,294 | ||||||
Federal Agricultural Mortgage Corp., Class C | 1,400 | 151,928 | ||||||
Flagstar Bancorp, Inc. | 5,793 | 294,168 | ||||||
FS Bancorp, Inc. | 962 | 33,295 | ||||||
Hingham Institution for Savings | 236 | 79,461 | ||||||
Home Bancorp, Inc. | 994 | 38,448 | ||||||
HomeStreet, Inc. | 2,447 | 100,694 | ||||||
Kearny Financial Corp. | 8,750 | 108,762 | ||||||
Meridian Bancorp, Inc. | 6,359 | 132,013 | ||||||
Meta Financial Group, Inc. | 3,897 | 204,515 | ||||||
MGIC Investment Corp. | 11,104 | 166,116 | ||||||
Mr Cooper Group, Inc. * | 4,998 | 205,768 | ||||||
New York Community Bancorp, Inc. | 27,709 | 356,615 | ||||||
NMI Holdings, Inc., Class A * | 7,878 | 178,122 | ||||||
Northfield Bancorp, Inc. | 6,311 | 108,297 |
The accompanying notes are an integral part of these portfolio of investments.
SA U.S. Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Thrifts & Mortgage Finance (Continued) |
| |||||||
Northwest Bancshares, Inc. | 14,644 | $ | 194,472 | |||||
Ocwen Financial Corp. * | 984 | 27,680 | ||||||
Premier Financial Corp. | 4,593 | 146,241 | ||||||
Provident Financial Holdings, Inc. | 1,124 | 19,198 | ||||||
Provident Financial Services, Inc. | 8,657 | 203,180 | ||||||
Radian Group, Inc. | 7,144 | 162,312 | ||||||
Riverview Bancorp, Inc. | 2,557 | 18,589 | ||||||
Southern Missouri Bancorp, Inc. | 686 | 30,795 | ||||||
Territorial Bancorp, Inc. | 1,557 | 39,517 | ||||||
Timberland Bancorp, Inc. | 921 | 26,663 | ||||||
TrustCo Bank Corp. | 2,134 | 68,224 | ||||||
Walker & Dunlop, Inc. | 4,099 | 465,236 | ||||||
Washington Federal, Inc. | 7,605 | 260,928 | ||||||
Waterstone Financial, Inc. | 2,966 | 60,773 | ||||||
Western New England Bancorp, Inc. | 3,161 | 26,963 | ||||||
WSFS Financial Corp. | 5,656 | 290,209 | ||||||
|
| |||||||
4,985,212 | ||||||||
|
| |||||||
Tobacco 0.1% | ||||||||
Turning Point Brands, Inc. | 1,280 | 61,120 | ||||||
Universal Corp. | 2,812 | 135,904 | ||||||
Vector Group Ltd. | 12,276 | 156,519 | ||||||
|
| |||||||
353,543 | ||||||||
|
| |||||||
Trading Companies & Distributors 1.6% |
| |||||||
Air Lease Corp. | 5,293 | 208,227 | ||||||
Applied Industrial Technologies, Inc. | 4,375 | 394,319 | ||||||
Beacon Roofing Supply, Inc. * | 8,318 | 397,268 | ||||||
Boise Cascade Co. | 4,352 | 234,921 | ||||||
CAI International, Inc. | 2,198 | 122,890 | ||||||
DXP Enterprises, Inc. * | 2,323 | 68,691 | ||||||
GATX Corp. | 4,127 | 369,614 | ||||||
Global Industrial Co. | 4,722 | 178,917 | ||||||
GMS, Inc. * | 2,900 | 127,020 | ||||||
H&E Equipment Services, Inc. | 4,346 | 150,850 | ||||||
Herc Holdings, Inc. * | 4,556 | 744,724 | ||||||
Huttig Building Products, Inc. * | 1,858 | 9,884 | ||||||
Lawson Products, Inc. * | 1,071 | 53,561 | ||||||
Mcgrath Rentcorp | 2,949 | 212,180 | ||||||
MRC Global, Inc. * | 7,395 | 54,279 | ||||||
MSC Industrial Direct Co., Inc., Class A | 936 | 75,058 | ||||||
NOW, Inc. * | 10,592 | 81,029 | ||||||
Rush Enterprises, Inc., Class A | 6,225 | 281,121 | ||||||
SiteOne Landscape Supply, | 185 | 36,902 | ||||||
Textainer Group Holdings Ltd. * | 6,109 | 213,265 | ||||||
Titan Machinery, Inc. * | 3,176 | 82,290 | ||||||
Triton International Ltd. | 7,787 | 405,235 | ||||||
Univar Solutions, Inc. * | 1,143 | 27,226 | ||||||
Veritiv Corp. * | 1,000 | 89,560 | ||||||
Watsco, Inc. | 1,919 | 507,806 | ||||||
WESCO International, Inc. * | 5,782 | 666,780 | ||||||
Willis Lease Finance Corp. * | 900 | 33,471 | ||||||
|
| |||||||
5,827,088 | ||||||||
|
| |||||||
Water Utilities 0.5% | ||||||||
American States Water Co. | 4,082 | 349,093 | ||||||
Artesian Resources Corp., Class A | 1,177 | 44,926 | ||||||
California Water Service Group | 6,297 | 371,082 | ||||||
Consolidated Water Co. Ltd. | 1,751 | 19,961 | ||||||
Essential Utilities, Inc. | 10,983 | 506,097 | ||||||
Middlesex Water Co. @ | 2,133 | 219,230 | ||||||
Pure Cycle Corp. * | 1,000 | 13,310 | ||||||
SJW Corp. | 3,301 | 218,064 | ||||||
York Water Co. (The) | 1,803 | 78,755 | ||||||
|
| |||||||
1,820,518 | ||||||||
|
|
SHARES | VALUE | |||||||
Wireless Telecommunication Services 0.1% |
| |||||||
Shenandoah Telecommunications Co. | 6,413 | $ | 202,522 | |||||
Spok Holdings, Inc. | 2,839 | 29,015 | ||||||
Telephone & Data Systems, Inc. | 10,010 | 195,195 | ||||||
United States Cellular Corp. * | 2,957 | 94,299 | ||||||
|
| |||||||
521,031 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS (Identified Cost $199,355,460) | 368,128,785 | |||||||
|
| |||||||
PREFERRED STOCKS 0.1% | ||||||||
Internet & Catalog Retail 0.0% | ||||||||
Qurate Retail, Inc. 8.000% | 374 | 40,448 | ||||||
|
| |||||||
Media 0.0% | ||||||||
Liberty Broadband Corp. 7.000% | 1,225 | 34,117 | ||||||
|
| |||||||
Trading Companies & Distributors 0.1% | ||||||||
WESCO International, Inc. 10.625%, (5-year CMT + 10.325%) | 4,390 | 137,758 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS (Identified Cost $168,077) | 212,323 | |||||||
|
| |||||||
RIGHTS & WARRANTS 0.0% |
| |||||||
Capital Markets 0.0% | ||||||||
Newsstar Financial, Inc. CVR §*¶ | 13,144 | | ||||||
|
| |||||||
Media 0.0% | ||||||||
Media General, Inc. CVR §*¶ | 3,965 | 168 | ||||||
|
| |||||||
Pharmaceuticals 0.0% | ||||||||
Elanco Animal Health, Inc. CVR §*¶ | 16,344 | | ||||||
|
| |||||||
Energy Equipment & Services 0.0% |
| |||||||
Nabors Industries Ltd. *@ | 341 | 1,991 | ||||||
|
| |||||||
TOTAL RIGHTS & WARRANTS (Identified Cost $412) | 2,159 | |||||||
|
| |||||||
SHORT-TERM INVESTMENTS 0.7% |
| |||||||
Investment Company 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 267,372 | 267,372 | ||||||
|
| |||||||
Collateral For Securities On Loan 0.6% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 2,327,905 | 2,327,905 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS (Identified Cost $2,595,277) | 2,595,277 | |||||||
|
| |||||||
Total Investments 100.6% (Identified Cost $202,119,226) | ||||||||
370,938,544 | ||||||||
Liabilities, Less Cash and Other |
| (2,201,180 | ) | |||||
|
| |||||||
Net Assets 100.0% | $ | 368,737,364 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $9,950,692. |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
¶ | Contingent value rights based on future performance. |
Key to abbreviations:
CVR Contingent Value Rights
CMT Constant Maturity Treasury
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Industrials | 20.6 | % | ||
Financials | 19.4 | % | ||
Consumer Discretionary | 15.9 | % | ||
Information Technology | 13.1 | % | ||
Health Care | 12.4 | % | ||
Materials | 6.3 | % | ||
Consumer Staples | 4.0 | % | ||
Utilities | 3.4 | % | ||
Energy | 2.6 | % | ||
Communication Services | 2.3 | % | ||
|
| |||
100.0 | % |
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 97.4% |
| |||||||
Australia 6.1% |
| |||||||
AMP Ltd. * | 276,963 | $ | 198,228 | |||||
Aurizon Holdings Ltd. | 202,076 | 553,684 | ||||||
Australia & New Zealand Banking Group Ltd. | 344,269 | 7,006,231 | ||||||
Bank of Queensland Ltd. | 37,699 | 255,102 | ||||||
Bendigo & Adelaide Bank Ltd. | 20,398 | 139,357 | ||||||
BlueScope Steel Ltd. | 163,249 | 2,419,427 | ||||||
Challenger Ltd. | 21,253 | 96,491 | ||||||
Cleanaway Waste Management Ltd. | 152,601 | 304,491 | ||||||
Crown Resorts Ltd. *@ | 25,077 | 173,680 | ||||||
Downer EDI Ltd. | 55,219 | 257,887 | ||||||
Harvey Norman Holdings Ltd. | 136,089 | 494,879 | ||||||
IGO Ltd. | 32,049 | 205,748 | ||||||
Incitec Pivot Ltd. | 234,863 | 499,195 | ||||||
Lendlease Corp. Ltd. | 43,821 | 343,732 | ||||||
National Australia Bank Ltd. | 323,012 | 6,498,902 | ||||||
Newcrest Mining Ltd. | 73,003 | 1,194,883 | ||||||
Oil Search Ltd. | 204,804 | 649,996 | ||||||
Orica Ltd. @ | 15,385 | 153,380 | ||||||
Origin Energy Ltd. | 168,307 | 575,535 | ||||||
OZ Minerals Ltd. | 6,895 | 112,206 | ||||||
Qube Holdings Ltd. | 59,914 | 142,939 | ||||||
Santos Ltd. | 319,417 | 1,655,714 | ||||||
South32 Ltd. | 674,463 | 1,721,238 | ||||||
Suncorp Group Ltd. | 186,999 | 1,697,997 | ||||||
Tabcorp Holdings Ltd. | 198,572 | 704,868 | ||||||
Treasury Wine Estates Ltd. | 6,883 | 61,753 | ||||||
Westpac Banking Corp. | 433,713 | 8,152,370 | ||||||
Woodside Petroleum Ltd. | 105,609 | 1,823,238 | ||||||
Worley Ltd. | 30,039 | 215,212 | ||||||
|
| |||||||
38,308,363 | ||||||||
|
| |||||||
Austria 0.1% |
| |||||||
Erste Group Bank AG | 7,953 | 350,622 | ||||||
|
| |||||||
Belgium 0.7% |
| |||||||
Ageas SA/NV | 21,755 | 1,079,060 | ||||||
KBC Group NV | 25,395 | 2,295,648 | ||||||
Solvay SA | 8,862 | 1,105,059 | ||||||
|
| |||||||
4,479,767 | ||||||||
|
| |||||||
Canada 8.8% |
| |||||||
AltaGas Ltd. | 24,518 | 483,740 | ||||||
Bank of Montreal @ | 79,335 | 7,912,079 | ||||||
Bank of Montreal | 4,532 | 452,449 | ||||||
Bank of Nova Scotia (The) | 88,567 | 5,449,527 | ||||||
Bank of Nova Scotia (The) | 28,504 | 1,754,438 | ||||||
Barrick Gold Corp. @ | 94,255 | 1,701,303 | ||||||
Barrick Gold Corp. | 12,943 | 233,702 | ||||||
Canadian Imperial Bank of Commerce | 15,004 | 1,669,945 | ||||||
Canadian Imperial Bank of Commerce @ | 48,274 | 5,373,941 | ||||||
Canadian Natural Resources Ltd. | 218,632 | 7,988,813 | ||||||
Cenovus Energy, Inc. @ | 63,057 | 634,353 | ||||||
Fairfax Financial Holdings Ltd. | 4,452 | 1,797,215 | ||||||
First Quantum Minerals Ltd. | 70,853 | 1,311,782 | ||||||
Great-West Lifeco, Inc. | 16,930 | 515,145 | ||||||
iA Financial Corp., Inc. | 5,614 | 318,508 | ||||||
Imperial Oil Ltd. @ | 33,555 | 1,058,996 | ||||||
Kinross Gold Corp. | 173,331 | 929,194 | ||||||
Lundin Mining Corp. | 146,222 | 1,051,699 | ||||||
Magna International, Inc. | 4,119 | 309,914 | ||||||
Manulife Financial Corp. @ | 155,621 | 2,994,148 | ||||||
Nutrien Ltd. | 44,540 | 2,887,528 | ||||||
Pembina Pipeline Corp. | 18,941 | 600,240 | ||||||
Suncor Energy, Inc. ¥ | 109,045 | 2,260,794 |
SHARES | VALUE | |||||||
Suncor Energy, Inc. | 38,945 | $ | 807,719 | |||||
Teck Resources Ltd., Class B | 64,723 | 1,612,250 | ||||||
Tilray, Inc., Class 2 *@ | 11,495 | 129,779 | ||||||
Toronto-Dominion Bank (The) | 9,602 | 635,172 | ||||||
Toronto-Dominion Bank (The) | 1,666 | 110,291 | ||||||
Tourmaline Oil Corp. @ | 33,562 | 1,172,524 | ||||||
West Fraser Timber Co. Ltd. | 12,066 | 1,016,265 | ||||||
|
| |||||||
55,173,453 | ||||||||
|
| |||||||
Denmark 2.2% |
| |||||||
AP MollerMaersk A/S, Class A | 246 | 634,159 | ||||||
AP MollerMaersk A/S, Class B | 297 | 804,259 | ||||||
Carlsberg A/S, Class B | 15,445 | 2,524,849 | ||||||
Danske Bank A/S | 41,578 | 702,357 | ||||||
Demant A/S * | 6,785 | 341,998 | ||||||
DSV A/S | 16,130 | 3,870,446 | ||||||
H Lundbeck A/S | 7,078 | 192,330 | ||||||
Pandora A/S | 771 | 93,673 | ||||||
Rockwool International A/S, B Shares | 1,147 | 492,031 | ||||||
Tryg A/S | 15,313 | 348,001 | ||||||
Vestas Wind Systems A/S | 90,218 | 3,618,557 | ||||||
|
| |||||||
13,622,660 | ||||||||
|
| |||||||
Finland 1.2% |
| |||||||
Fortum Oyj | 43,616 | 1,328,239 | ||||||
Nokia Oyj, ADR * | 291,727 | 1,589,912 | ||||||
Nordea Bank Abp | 224,183 | 2,919,349 | ||||||
Stora Enso Oyj, R Shares | 55,739 | 933,937 | ||||||
UPM-Kymmene Oyj | 12,159 | 432,531 | ||||||
|
| |||||||
7,203,968 | ||||||||
|
| |||||||
France 10.6% |
| |||||||
Amundi SA ± | 3,901 | 329,415 | ||||||
Arkema SA | 15,142 | 2,008,300 | ||||||
AXA SA | 104,397 | 2,912,557 | ||||||
BNP Paribas SA @ | 92,085 | 5,913,599 | ||||||
Bollore SA | 138,791 | 804,647 | ||||||
Bouygues SA | 55,128 | 2,292,485 | ||||||
Carrefour SA | 128,110 | 2,306,819 | ||||||
Cie de Saint-Gobain | 95,430 | 6,437,927 | ||||||
Cie Generale des Etablissements Michelin SCA | 33,973 | 5,226,028 | ||||||
CNP Assurances | 26,215 | 416,775 | ||||||
Credit Agricole SA | 62,747 | 868,271 | ||||||
Danone SA | 26,082 | 1,784,023 | ||||||
Eiffage SA | 5,767 | 585,720 | ||||||
Electricite de France SA | 87,244 | 1,100,533 | ||||||
Engie SA | 153,978 | 2,022,964 | ||||||
EssilorLuxottica SA | 5,060 | 970,037 | ||||||
Faurecia SE | 3,439 | 163,127 | ||||||
Orange SA | 322,578 | 3,494,452 | ||||||
Orpea SA | 1,216 | 141,841 | ||||||
Publicis Groupe SA | 29,669 | 2,002,226 | ||||||
Renault SA * | 21,069 | 754,001 | ||||||
Sanofi | 25,277 | 2,432,550 | ||||||
Societe Generale SA | 88,773 | 2,796,467 | ||||||
TotalEnergies SE @ | 357,966 | 17,139,553 | ||||||
Valeo SA | 9,323 | 261,883 | ||||||
Vinci SA | 6,767 | 706,646 | ||||||
Vivendi SE @ | 18,206 | 229,975 | ||||||
|
| |||||||
66,102,821 | ||||||||
|
| |||||||
Germany 6.7% |
| |||||||
Allianz SE | 30,142 | 6,802,835 | ||||||
BASF SE | 3,982 | 303,736 | ||||||
Bayer AG | 50,855 | 2,768,965 | ||||||
Bayerische Motoren Werke AG | 53,296 | 5,109,223 | ||||||
Commerzbank AG * | 53,244 | 354,941 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Germany (Continued) |
| |||||||
Continental AG * | 4,557 | $ | 500,358 | |||||
Covestro AG ± | 5,523 | 379,632 | ||||||
Daimler AG | 135,985 | 12,084,797 | ||||||
Deutsche Bank AG * | 46,122 | 589,710 | ||||||
Deutsche Bank AG * | 137,598 | 1,747,495 | ||||||
Evonik Industries AG | 10,688 | 337,615 | ||||||
Fresenius SE & Co. KGaA | 42,320 | 2,036,102 | ||||||
HeidelbergCement AG | 25,898 | 1,943,332 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 6,227 | 1,708,770 | ||||||
RWE AG | 56,278 | 1,991,543 | ||||||
Talanx AG * | 12,026 | 513,750 | ||||||
Telefonica Deutschland Holding AG | 207,880 | 591,881 | ||||||
Uniper SE | 2,277 | 95,084 | ||||||
Vitesco Technologies Group AG * | 911 | 53,842 | ||||||
Volkswagen AG | 6,122 | 1,900,500 | ||||||
|
| |||||||
41,814,111 | ||||||||
|
| |||||||
Hong Kong 2.0% |
| |||||||
BOC Aviation Ltd. ± | 47,800 | 400,347 | ||||||
BOC Hong Kong Holdings Ltd. | 285,000 | 860,347 | ||||||
Cathay Pacific Airways Ltd. *@ | 286,363 | 240,946 | ||||||
CK Asset Holdings Ltd. | 200,569 | 1,161,987 | ||||||
CK Hutchison Holdings Ltd. | 336,624 | 2,246,423 | ||||||
CK Infrastructure Holdings Ltd. | 24,000 | 134,110 | ||||||
Hang Lung Properties Ltd. | 239,000 | 545,258 | ||||||
Hang Seng Bank Ltd. | 10,300 | 176,768 | ||||||
Henderson Land Development Co. Ltd. | 133,684 | 512,607 | ||||||
HKT Trust & HKT Ltd. | 371,000 | 508,033 | ||||||
MTR Corp. Ltd. | 126,669 | 683,409 | ||||||
New World Development Co. Ltd. | 231,859 | 948,624 | ||||||
Orient Overseas International Ltd. | 12,000 | 208,410 | ||||||
Sino Land Co. Ltd. | 417,674 | 562,289 | ||||||
SJM Holdings Ltd. *@ | 7,000 | 4,766 | ||||||
Sun Hung Kai Properties Ltd. | 182,177 | 2,279,363 | ||||||
Swire Pacific Ltd., Class A | 29,500 | 175,454 | ||||||
Swire Pacific Ltd., Class B | 127,500 | 125,458 | ||||||
Tsim Sha Tsui Properties Ltd. | 14,907 | 44,043 | ||||||
WH Group Ltd. ± | 988,959 | 705,070 | ||||||
|
| |||||||
12,523,712 | ||||||||
|
| |||||||
Ireland 0.5% |
| |||||||
CRH PLC, ADR @ | 49,405 | 2,309,190 | ||||||
Flutter Entertainment PLC * | 2,213 | 438,602 | ||||||
Flutter Entertainment PLC * | 3,025 | 598,340 | ||||||
|
| |||||||
3,346,132 | ||||||||
|
| |||||||
Israel 0.4% |
| |||||||
Bank Hapoalim B.M. | 68,327 | 604,017 | ||||||
Bank Leumi Le-Israel BM | 81,999 | 699,190 | ||||||
Israel Discount Bank Ltd., Class A * | 110,933 | 589,080 | ||||||
Phoenix Holdings Ltd. (The) | 12,365 | 141,409 | ||||||
Teva Pharmaceutical Industries Ltd., ADR * | 47,500 | 462,650 | ||||||
|
| |||||||
2,496,346 | ||||||||
|
| |||||||
Italy 1.5% |
| |||||||
Eni SpA | 204,781 | 2,738,804 | ||||||
Intesa Sanpaolo SpA | 1,086,051 | 3,086,569 | ||||||
Mediobanca Banca di Credito Finanziario SpA * | 39,607 | 478,974 | ||||||
Telecom Italia SpA | 2,860,918 | 1,124,753 |
SHARES | VALUE | |||||||
UniCredit SpA | 163,283 | $ | 2,175,097 | |||||
|
| |||||||
9,604,197 | ||||||||
|
| |||||||
Japan 22.0% |
| |||||||
AGC, Inc. | 48,500 | 2,518,801 | ||||||
Air Water, Inc. | 4,900 | 78,941 | ||||||
Aisin Corp. | 22,500 | 822,813 | ||||||
Alfresa Holdings Corp. | 7,700 | 115,955 | ||||||
Alps Alpine Co. Ltd. | 27,500 | 300,957 | ||||||
Amada Co. Ltd. | 37,100 | 388,017 | ||||||
Aozora Bank Ltd. @ | 14,700 | 361,771 | ||||||
Asahi Kasei Corp. | 53,400 | 574,088 | ||||||
Bank of Kyoto Ltd. (The) @ | 8,000 | 370,906 | ||||||
Bridgestone Corp. | 31,600 | 1,506,533 | ||||||
Brother Industries Ltd. | 23,000 | 509,825 | ||||||
Canon Marketing Japan, Inc. | 12,000 | 280,767 | ||||||
Canon, Inc. | 42,600 | 1,048,972 | ||||||
Chiba Bank Ltd. (The) | 79,000 | 517,463 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. | 13,975 | 203,293 | ||||||
Concordia Financial Group Ltd. | 111,200 | 441,623 | ||||||
Dai Nippon Printing Co. Ltd. | 30,000 | 730,221 | ||||||
Dai-ichi Life Holdings, Inc. | 69,900 | 1,553,194 | ||||||
Daicel Corp. | 52,000 | 407,889 | ||||||
Daio Paper Corp. | 12,400 | 233,639 | ||||||
Daiwa House Industry Co. Ltd. | 28,400 | 954,109 | ||||||
Daiwa Securities Group, Inc. | 214,000 | 1,257,331 | ||||||
Denka Co. Ltd. | 16,200 | 572,047 | ||||||
DIC Corp. | 16,000 | 455,007 | ||||||
Dowa Holdings Co. Ltd. | 9,600 | 381,257 | ||||||
Ebara Corp. | 16,800 | 837,773 | ||||||
ENEOS Holdings, Inc. | 240,100 | 983,527 | ||||||
Ezaki Glico Co. Ltd. | 3,000 | 114,426 | ||||||
FUJIFILM Holdings Corp. | 6,200 | 536,968 | ||||||
Fukuoka Financial Group, Inc. @ | 18,000 | 325,244 | ||||||
Fukuyama Transporting Co. Ltd. | 4,300 | 188,544 | ||||||
Hankyu Hanshin Holdings, Inc. | 31,900 | 1,011,788 | ||||||
Haseko Corp. | 22,300 | 300,753 | ||||||
Hino Motors Ltd. | 25,900 | 244,583 | ||||||
Hitachi Ltd. | 26,800 | 1,598,922 | ||||||
Honda Motor Co. Ltd. | 185,900 | 5,771,009 | ||||||
Idemitsu Kosan Co. Ltd. | 27,500 | 727,930 | ||||||
IHI Corp. | 7,700 | 198,632 | ||||||
Iida Group Holdings Co. Ltd. | 36,900 | 955,199 | ||||||
Inpex Corp. | 144,500 | 1,137,356 | ||||||
Isuzu Motors Ltd. | 67,000 | 886,751 | ||||||
ITOCHU Corp. @ | 21,900 | 644,830 | ||||||
J. Front Retailing Co. Ltd. | 35,100 | 342,501 | ||||||
Japan Post Holdings Co. Ltd. | 71,600 | 607,695 | ||||||
JFE Holdings, Inc. | 34,100 | 519,949 | ||||||
JGC Holdings Corp. | 16,300 | 153,634 | ||||||
JTEKT Corp. | 43,200 | 379,618 | ||||||
Ks Holdings Corp. | 32,000 | 333,240 | ||||||
Kajima Corp. | 54,000 | 699,654 | ||||||
Kamigumi Co. Ltd. | 15,700 | 332,212 | ||||||
Kaneka Corp. | 16,000 | 674,963 | ||||||
Kawasaki Heavy Industries Ltd. @ | 32,800 | 768,315 | ||||||
Komatsu Ltd. | 13,200 | 319,637 | ||||||
Kuraray Co. Ltd. | 76,400 | 740,008 | ||||||
LIXIL Corp. | 38,200 | 1,117,220 | ||||||
Mabuchi Motor Co. Ltd. | 5,100 | 177,798 | ||||||
Marubeni Corp. | 203,100 | 1,702,978 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Japan (Continued) |
| |||||||
Mazda Motor Corp. * | 34,000 | $ | 298,163 | |||||
Mebuki Financial Group, Inc. | 83,070 | 183,613 | ||||||
Medipal Holdings Corp. | 25,300 | 479,426 | ||||||
Mitsubishi Chemical Holdings Corp. | 185,800 | 1,708,669 | ||||||
Mitsubishi Corp. | 105,400 | 3,348,708 | ||||||
Mitsubishi Electric Corp. | 82,600 | 1,155,561 | ||||||
Mitsubishi Gas Chemical Co., Inc. @ | 36,300 | 722,445 | ||||||
Mitsubishi Heavy Industries Ltd. | 42,400 | 1,152,052 | ||||||
Mitsubishi Logistics Corp. | 2,500 | 74,577 | ||||||
Mitsubishi Materials Corp. | 21,600 | 425,421 | ||||||
Mitsubishi Motors Corp. * | 81,500 | 224,812 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 206,400 | 1,220,096 | ||||||
Mitsubishi UFJ Financial Group, Inc., ADR @ | 464,844 | 2,756,525 | ||||||
Mitsui Chemicals, Inc. | 47,200 | 1,596,729 | ||||||
Mitsui Fudosan Co. Ltd. | 54,100 | 1,296,660 | ||||||
Mitsui OSK Lines Ltd. @ | 10,100 | 686,069 | ||||||
Mizuho Financial Group, Inc. | 116,640 | 1,660,596 | ||||||
MS&AD Insurance Group Holdings, Inc. | 24,728 | 834,524 | ||||||
NEC Corp. | 21,800 | 1,188,966 | ||||||
NGK Insulators Ltd. | 22,300 | 381,301 | ||||||
NGK Spark Plug Co. Ltd. | 10,600 | 166,865 | ||||||
NH Foods Ltd. | 15,533 | 590,364 | ||||||
Nikon Corp. | 26,900 | 302,125 | ||||||
Nippo Corp. | 11,000 | 396,828 | ||||||
Nippon Electric Glass Co. Ltd. | 11,500 | 274,338 | ||||||
Nippon Express Co. Ltd. | 15,900 | 1,102,907 | ||||||
Nippon Shokubai Co. Ltd. | 4,600 | 238,897 | ||||||
Nippon Steel Corp. | 60,327 | 1,102,521 | ||||||
Nissan Motor Co. Ltd. * | 261,500 | 1,320,717 | ||||||
Nitto Denko Corp. | 1,300 | 93,212 | ||||||
NOK Corp. | 14,900 | 176,318 | ||||||
Nomura Holdings, Inc. | 175,700 | 873,961 | ||||||
Nomura Real Estate Holdings, Inc. | 23,700 | 621,381 | ||||||
NSK Ltd. @ | 59,600 | 407,526 | ||||||
Obayashi Corp. | 113,200 | 944,901 | ||||||
Oji Holdings Corp. | 226,000 | 1,147,311 | ||||||
Otsuka Holdings Co. Ltd. | 13,300 | 572,057 | ||||||
Panasonic Corp. | 136,600 | 1,706,043 | ||||||
Rengo Co. Ltd. | 35,400 | 278,951 | ||||||
Resona Holdings, Inc. | 246,400 | 993,614 | ||||||
Rohm Co. Ltd. | 4,700 | 449,328 | ||||||
Seiko Epson Corp. | 8,700 | 176,587 | ||||||
Seino Holdings Co. Ltd. | 20,400 | 249,100 | ||||||
Sekisui Chemical Co. Ltd. | 16,000 | 277,030 | ||||||
Sekisui House Ltd. | 81,800 | 1,728,314 | ||||||
Seven & i Holdings Co. Ltd. | 58,200 | 2,659,122 | ||||||
Shimizu Corp. @ | 68,400 | 518,093 | ||||||
Shinsei Bank Ltd. @ | 18,500 | 311,505 | ||||||
Shizuoka Bank Ltd. (The) @ | 58,000 | 479,968 | ||||||
Showa Denko KK | 14,000 | 344,041 | ||||||
SoftBank Group Corp. | 61,300 | 3,569,109 | ||||||
Sojitz Corp. | 35,820 | 592,199 | ||||||
Sompo Holdings, Inc. | 37,143 | 1,628,959 | ||||||
Subaru Corp. | 39,300 | 733,951 | ||||||
Sumitomo Chemical Co. Ltd. | 471,000 | 2,475,718 | ||||||
Sumitomo Corp. | 59,000 | 838,389 | ||||||
Sumitomo Electric Industries Ltd. | 164,200 | 2,207,136 | ||||||
Sumitomo Forestry Co. Ltd. | 33,800 | 651,127 | ||||||
Sumitomo Heavy Industries Ltd. | 26,000 | 687,057 | ||||||
Sumitomo Metal Mining Co. Ltd. | 18,900 | 690,314 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 71,100 | 2,519,596 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 24,900 | 862,926 |
SHARES | VALUE | |||||||
Sumitomo Realty & Development Co. Ltd. | 17,600 | $ | 646,311 | |||||
Sumitomo Rubber Industries Ltd. | 42,800 | 547,618 | ||||||
Suzuken Co. Ltd. | 1,100 | 32,418 | ||||||
Suzuki Motor Corp. | 18,100 | 812,341 | ||||||
T&D Holdings, Inc. | 84,700 | 1,178,852 | ||||||
Taiheiyo Cement Corp. | 25,000 | 522,485 | ||||||
Taisei Corp. @ | 7,200 | 232,895 | ||||||
Takeda Pharmaceutical Co. Ltd. | 141,973 | 4,718,614 | ||||||
TDK Corp. | 7,800 | 283,490 | ||||||
Teijin Ltd. | 53,199 | 761,932 | ||||||
Toda Corp. | 28,000 | 197,996 | ||||||
Tokai Carbon Co. Ltd. | 21,300 | 275,783 | ||||||
Tokio Marine Holdings, Inc. | 26,100 | 1,411,996 | ||||||
Tokyo Tatemono Co. Ltd. | 37,600 | 599,330 | ||||||
Tokyu Fudosan Holdings Corp. | 132,300 | 820,226 | ||||||
Toray Industries, Inc. | 166,100 | 1,068,878 | ||||||
Tosoh Corp. | 58,300 | 1,065,476 | ||||||
Toyo Seikan Group Holdings Ltd. @ | 30,500 | 361,467 | ||||||
Toyoda Gosei Co. Ltd. | 15,300 | 308,901 | ||||||
Toyota Motor Corp. | 689,950 | 12,398,580 | ||||||
Toyota Motor Corp., ADR @ | 22,019 | 3,913,877 | ||||||
Toyota Tsusho Corp. | 32,500 | 1,388,539 | ||||||
Ube Industries Ltd. | 24,700 | 487,808 | ||||||
Yamada Holdings Co. Ltd. | 93,100 | 393,162 | ||||||
Yamaha Motor Co. Ltd. | 37,200 | 1,042,850 | ||||||
Yamazaki Baking Co. Ltd. | 3,400 | 59,449 | ||||||
Yokohama Rubber Co. Ltd. (The) | 27,600 | 499,699 | ||||||
Zeon Corp. | 28,500 | 404,600 | ||||||
|
| |||||||
137,709,968 | ||||||||
|
| |||||||
Netherlands 5.3% |
| |||||||
ABN AMRO Group NV, GDR *@± | 42,957 | 619,702 | ||||||
Aegon NV @ | 119,175 | 616,653 | ||||||
Akzo Nobel NV | 11,199 | 1,224,332 | ||||||
ArcelorMittal SA @ | 53,718 | 1,620,135 | ||||||
ArcelorMittal SA = | 1,708 | 52,350 | ||||||
Coca-Cola Europacific Partners PLC | 9,243 | 509,207 | ||||||
Heineken NV | 11,880 | 1,241,260 | ||||||
ING Groep NV @ | 253,754 | 3,694,187 | ||||||
Koninklijke Ahold Delhaize NV | 237,160 | 7,893,914 | ||||||
Koninklijke DSM NV | 23,982 | 4,798,917 | ||||||
Koninklijke KPN NV | 193,182 | 607,542 | ||||||
Koninklijke Philips NV ¢ | 33,065 | 1,468,454 | ||||||
Koninklijke Philips NV @ | 13,461 | 598,207 | ||||||
NN Group NV | 33,136 | 1,737,602 | ||||||
Randstad NV @ | 16,773 | 1,128,825 | ||||||
Stellantis NV | 260,776 | 4,990,798 | ||||||
Universal Music Group NV *@ | 18,206 | 487,470 | ||||||
|
| |||||||
33,289,555 | ||||||||
|
| |||||||
New Zealand 0.3% |
| |||||||
Auckland International Airport Ltd. * | 143,857 | 776,617 | ||||||
EBOS Group Ltd. @ | 14,665 | 357,377 | ||||||
Fletcher Building Ltd. | 49,614 | 245,922 | ||||||
Ryman Healthcare Ltd. @ | 16,629 | 173,345 | ||||||
Summerset Group Holdings Ltd. | 10,453 | 109,615 | ||||||
|
| |||||||
1,662,876 | ||||||||
|
| |||||||
Norway 1.1% |
| |||||||
Austevoll Seafood ASA | 4,118 | 48,850 | ||||||
DNB Bank ASA | 96,212 | 2,200,656 | ||||||
Equinor ASA | 52,956 | 1,348,775 | ||||||
Norsk Hydro ASA | 156,773 | 1,175,024 | ||||||
Schibsted ASA, Class A | 1,169 | 55,657 | ||||||
SpareBank 1 SR-Bank ASA | 25,719 | 357,464 | ||||||
Storebrand ASA | 56,200 | 537,972 | ||||||
Subsea 7 SA | 28,831 | 250,918 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Norway (Continued) |
| |||||||
Yara International ASA | 14,514 | $ | 721,072 | |||||
|
| |||||||
6,696,388 | ||||||||
|
| |||||||
Portugal 0.1% |
| |||||||
Banco Espirito Santo SA *§ | 414,564 | | ||||||
EDP Renovaveis SA | 27,349 | 678,579 | ||||||
Galp Energia SGPS SA | 8,250 | 93,653 | ||||||
|
| |||||||
772,232 | ||||||||
|
| |||||||
Singapore 0.9% |
| |||||||
Capitaland Investment Ltd. * | 184,100 | 460,996 | ||||||
City Developments Ltd. | 103,600 | 527,232 | ||||||
Frasers Property Ltd. | 23,300 | 19,391 | ||||||
Hongkong Land Holdings Ltd. | 101,200 | 485,760 | ||||||
Jardine Cycle & Carriage Ltd. | 12,500 | 178,413 | ||||||
Keppel Corp. Ltd. | 367,700 | 1,413,606 | ||||||
Olam International Ltd. | 94,300 | 122,233 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 60,649 | 513,672 | ||||||
Singapore Airlines Ltd. * | 301,449 | 1,116,724 | ||||||
United Overseas Bank Ltd. | 27,200 | 517,838 | ||||||
UOL Group Ltd. | 47,218 | 238,559 | ||||||
|
| |||||||
5,594,424 | ||||||||
|
| |||||||
Spain 2.2% |
| |||||||
Banco Bilbao Vizcaya Argentaria SA | 415,290 | 2,750,169 | ||||||
Banco Bilbao Vizcaya Argentaria SA, ADR *@ | 134,068 | 883,508 | ||||||
Banco Santander SA | 1,916,252 | 6,962,059 | ||||||
Banco Santander SA, ADR *@ | 210,864 | 763,328 | ||||||
CaixaBank SA | 63,253 | 196,654 | ||||||
Iberdrola SA | 73,162 | 735,945 | ||||||
Repsol SA | 136,751 | 1,789,665 | ||||||
|
| |||||||
14,081,328 | ||||||||
|
| |||||||
Sweden 2.8% |
| |||||||
BillerudKorsnas AB | 26,684 | 510,246 | ||||||
Boliden AB * | 68,429 | 2,206,605 | ||||||
Dometic Group AB ± | 22,074 | 334,852 | ||||||
Getinge AB, B Shares | 21,260 | 849,487 | ||||||
Holmen AB, B Shares | 11,612 | 512,130 | ||||||
Husqvarna AB, Class B | 21,106 | 253,265 | ||||||
ICA Gruppen AB @ | 15,599 | 716,481 | ||||||
Intrum AB | 3,087 | 84,136 | ||||||
Millicom International Cellular SA, SDR * | 8,745 | 317,758 | ||||||
Peab AB Class B | 14,364 | 149,146 | ||||||
Skandinaviska Enskilda Banken AB, Class A | 140,768 | 1,992,273 | ||||||
Skanska AB, B Shares | 17,619 | 444,178 | ||||||
SKF AB, B Shares | 64,782 | 1,536,227 | ||||||
SSAB AB, B Shares * | 21,908 | 94,270 | ||||||
Svenska Cellulosa AB SCA, A Shares | 244 | 3,802 | ||||||
Svenska Cellulosa AB SCA, B Shares | 33,674 | 524,666 | ||||||
Svenska Handelsbanken AB, A Shares | 66,999 | 752,461 | ||||||
Svenska Handelsbanken AB, B Shares | 1,918 | 23,574 | ||||||
Swedbank AB, A Shares | 38,879 | 787,404 | ||||||
Tele2 AB, B Shares @ | 24,727 | 366,764 | ||||||
Telia Co. AB | 343,398 | 1,417,031 | ||||||
Trelleborg AB, B Shares | 28,547 | 610,436 | ||||||
Volvo AB, A Shares | 21,144 | 480,150 |
SHARES | VALUE | |||||||
Volvo AB, B Shares | 104,968 | $ | 2,362,811 | |||||
|
| |||||||
17,330,153 | ||||||||
|
| |||||||
Switzerland 8.1% |
| |||||||
ABB Ltd. | 79,542 | 2,679,139 | ||||||
Adecco Group AG | 21,532 | 1,086,362 | ||||||
Alcon, Inc. µ | 31,115 | 2,538,746 | ||||||
Alcon, Inc. @ | 3,914 | 314,960 | ||||||
Baloise Holding AG | 6,063 | 925,763 | ||||||
Cie Financiere Richemont SA, Class A | 36,877 | 3,854,882 | ||||||
Clariant AG * | 5,547 | 104,905 | ||||||
Credit Suisse Group AG | 129,912 | 1,295,565 | ||||||
Credit Suisse Group AG, ADR @* | 6,288 | 62,000 | ||||||
Holcim Ltd. * | 72,351 | 3,504,398 | ||||||
Julius Baer Group Ltd. | 38,000 | 2,541,081 | ||||||
Novartis AG | 122,351 | 10,086,622 | ||||||
Novartis AG, ADR | 5,175 | 423,211 | ||||||
SIG Combibloc Group AG * | 7,052 | 188,568 | ||||||
Swatch Group AG (The) µ | 6,226 | 322,006 | ||||||
Swatch Group AG (The) µ | 1,834 | 483,124 | ||||||
Swiss Life Holding AG | 4,192 | 2,129,848 | ||||||
Swiss Prime Site AG | 1,574 | 154,368 | ||||||
Swiss Re AG | 27,273 | 2,345,253 | ||||||
Swisscom AG | 4,128 | 2,380,371 | ||||||
UBS Group AG | 364,408 | 5,865,250 | ||||||
Vifor Pharma AG | 3,119 | 406,630 | ||||||
Zurich Insurance Group AG | 17,812 | 7,331,598 | ||||||
|
| |||||||
51,024,650 | ||||||||
|
| |||||||
United Kingdom 13.8% |
| |||||||
Abrdn PLC | 202,084 | 695,968 | ||||||
Anglo American PLC | 83,810 | 2,961,474 | ||||||
Aviva PLC | 745,467 | 3,976,587 | ||||||
Barclays PLC, ADR @ | 330,258 | 3,408,263 | ||||||
Barratt Developments PLC | 10,701 | 95,220 | ||||||
BP PLC | 350,960 | 1,609,223 | ||||||
BP PLC, ADR | 347,274 | 9,490,998 | ||||||
British American Tobacco PLC | 183,504 | 6,438,477 | ||||||
British American Tobacco PLC, ADR @ | 2,004 | 70,701 | ||||||
BT Group PLC * | 1,280,249 | 2,756,562 | ||||||
Carnival PLC * | 4,769 | 108,081 | ||||||
DS Smith PLC | 96,352 | 536,046 | ||||||
Endeavour Mining PLC | 3,347 | 75,338 | ||||||
Glencore PLC * | 1,287,762 | 6,105,058 | ||||||
HSBC Holdings PLC, ADR | 199,089 | 5,206,177 | ||||||
J Sainsbury PLC | 422,622 | 1,625,184 | ||||||
Kingfisher PLC | 420,977 | 1,908,710 | ||||||
Lloyds Banking Group PLC | 8,264,877 | 5,186,080 | ||||||
Lloyds Banking Group PLC, ADR | 217,015 | 531,687 | ||||||
Melrose Industries PLC | 316,251 | 741,656 | ||||||
Natwest Group PLC | 105,541 | 319,821 | ||||||
Natwest Group PLC, ADR @ | 115,375 | 702,634 | ||||||
Pearson PLC | 17,918 | 171,848 | ||||||
Pearson PLC, ADR | 5,700 | 55,119 | ||||||
Phoenix Group Holdings PLC | 42,251 | 367,534 | ||||||
Royal Dutch Shell PLC, ADR, Class B | 460,830 | 20,400,944 | ||||||
Royal Mail PLC | 55,942 | 317,485 | ||||||
Standard Chartered PLC | 186,070 | 1,093,099 | ||||||
Tesco PLC | 225,464 | 769,501 | ||||||
Vodafone Group PLC | 3,881,420 | 5,925,393 | ||||||
WM Morrison Supermarkets PLC | 445,248 | 1,766,786 | ||||||
WPP PLC | 70,033 | 944,097 |
The accompanying notes are an integral part of these portfolio of investments.
SA International Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
United Kingdom (Continued) |
| |||||||
WPP PLC, ADR @ | 5,859 | $ | 392,787 | |||||
|
| |||||||
86,754,538 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 609,942,264 | ||||||
|
| |||||||
PREFERRED STOCKS 1.6% | ||||||||
Germany 1.5% | ||||||||
Bayerische Motoren Werke AG, 2.940% | 9,731 | 743,945 | ||||||
Porsche Automobil Holding SE, 2.610% | 17,284 | 1,720,598 | ||||||
Volkswagen AG, 2.540% | 31,732 | 7,117,579 | ||||||
|
| |||||||
9,582,122 | ||||||||
|
| |||||||
Italy 0.1% | ||||||||
Telecom Italia SpA, 6.890% | 711,381 | 288,328 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS |
| 9,870,450 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS 4.5% |
| |||||||
Investment Company 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 464,078 | 464,078 | ||||||
|
| |||||||
Collateral For Securities On Loan 4.4% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 27,777,682 | 27,777,682 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS |
| 28,241,760 | ||||||
|
| |||||||
Total Investments 103.5% |
| 648,054,474 | ||||||
Liabilities, Less Cash and Other Assets (3.5%) |
| (21,633,070 | ) | |||||
|
| |||||||
Net Assets 100.0% | $ | 626,421,404 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $55,335,069. |
¥ | Traded on the Canada, Toronto Stock Exchange. |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2021 amounted to $2,769,017 or 0.44% of the net assets of the Fund. |
= | Traded on the France, Euronext Paris Exchange. |
¢ | Traded on the Netherlands, Euronext Amsterdam Stock Market. |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
µ | Traded on the Switzerland, Swiss Exchange. |
Key to abbreviations:
ADR American Depository Receipt
GDR Global Depository Receipt
SDR Swedish Depository Receipt
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of September 30, 2021
(As a percentage of net assets) (Unaudited)
Industry | Percentage | |||
Commercial Banks | 19.6 | % | ||
Oil, Gas & Consumable Fuels | 12.2 | % | ||
Automobiles | 9.9 | % | ||
Insurance | 7.7 | % | ||
Metals & Mining | 4.8 | % | ||
Chemicals | 4.7 | % | ||
Pharmaceuticals | 3.5 | % | ||
Food & Staples Retailing | 2.9 | % | ||
Capital Markets | 2.4 | % | ||
Real Estate Management & Development | 2.2 | % |
Country weightings as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
Japan | 22.2 | % | ||
United Kingdom | 14.0 | % | ||
France | 10.7 | % | ||
Canada | 8.9 | % | ||
Germany | 8.3 | % | ||
Switzerland | 8.2 | % | ||
Australia | 6.2 | % | ||
Netherlands | 5.4 | % | ||
Sweden | 2.8 | % | ||
Others | 13.3 | % | ||
|
| |||
100.0 | % |
SA International Small Company Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
MUTUAL FUNDS 100.1% |
| |||||||
Other 100.1% |
| |||||||
DFA International Small Company Portfolio £ | 13,835,149 | $ | 313,781,171 | |||||
|
| |||||||
TOTAL MUTUAL FUNDS |
| 313,781,171 | ||||||
|
| |||||||
Total Investments 100.1% |
| 313,781,171 | ||||||
Liabilities, Less Cash and Other Assets (0.1%) |
| (170,842 | ) | |||||
|
| |||||||
Net Assets 100.0% | $ | 313,610,329 | ||||||
|
|
| See Note 1 |
£ | Please refer to the Portfolio of Investments of the DFA International Small Company Portfolio included elsewhere in this report. |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 98.5% |
| |||||||
Belgium 0.0% |
| |||||||
Titan Cement International SA * | 2,164 | $ | 36,096 | |||||
|
| |||||||
Brazil 3.1% |
| |||||||
Atacadao SA | 18,062 | 58,905 | ||||||
Banco Bradesco SA | 39,471 | 129,450 | ||||||
Banco Bradesco SA, ADR | 123,982 | 474,851 | ||||||
Banco do Brasil SA | 46,117 | 244,738 | ||||||
Banco Santander Brasil SA | 15,497 | 100,653 | ||||||
BrasilAgroCo. Brasileira de Propriedades Agricolas | 4,100 | 22,925 | ||||||
BRF SA * | 12,667 | 63,012 | ||||||
Camil Alimentos SA | 8,900 | 16,131 | ||||||
Cia Brasileira de Distribuicao | 6,625 | 31,314 | ||||||
Cia Siderurgica Nacional SA, ADR | 17,252 | 90,745 | ||||||
Cielo SA | 28,350 | 11,921 | ||||||
Construtora Tenda SA | 4,433 | 14,335 | ||||||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 12,146 | 40,147 | ||||||
Direcional Engenharia SA | 8,900 | 18,664 | ||||||
Enauta Participacoes SA | 13,118 | 33,242 | ||||||
Gerdau SA, ADR | 73,328 | 360,774 | ||||||
Hypera SA | 10,404 | 61,403 | ||||||
Iguatemi Empresa de Shopping Centers SA | 4,300 | 24,904 | ||||||
International Meal Co. Alimentacao SA * | 16,347 | 9,606 | ||||||
Iochpe Maxion SA * | 12,197 | 39,509 | ||||||
JBS SA | 64,351 | 438,046 | ||||||
JHSF Participacoes SA | 20,831 | 22,645 | ||||||
M Dias Branco SA | 4,368 | 26,501 | ||||||
MRV Engenharia e Participacoes SA | 16,100 | 36,335 | ||||||
Petrobras Distribuidora SA | 11,000 | 47,448 | ||||||
Petroleo Brasileiro SA | 294,300 | 1,521,286 | ||||||
Positivo Tecnologia SA | 9,100 | 17,128 | ||||||
TIM SA | 42,697 | 92,125 | ||||||
Tupy SA | 4,847 | 17,952 | ||||||
Ultrapar Participacoes SA | 26,011 | 70,404 | ||||||
Usinas Siderurgicas de Minas Gerais SA | 9,100 | 26,269 | ||||||
Vale SA | 184,739 | 2,586,329 | ||||||
|
| |||||||
6,749,697 | ||||||||
|
| |||||||
British Virgin Islands 0.0% |
| |||||||
AsiaInfo Technologies Ltd. ± | 21,200 | 35,076 | ||||||
C&D Property Management Group Co. Ltd. * | 18,000 | 9,850 | ||||||
|
| |||||||
44,926 | ||||||||
|
| |||||||
Cayman Islands 0.1% |
| |||||||
Bizlink Holding, Inc. | 2,000 | 16,044 | ||||||
DouYu International Holdings Ltd.,ADR * | 2,931 | 9,643 | ||||||
Fulgent Sun International Holding Co. Ltd. | 4,000 | 14,243 | ||||||
Gourmet Master Co. Ltd. | 5,000 | 26,202 | ||||||
Hello Group, Inc., ADR | 12,916 | 136,651 | ||||||
|
| |||||||
202,783 | ||||||||
|
| |||||||
Chile 0.4% |
| |||||||
CAP SA | 4,662 | 49,564 | ||||||
Cencosud SA | 120,649 | 233,322 | ||||||
Empresa Nacional de Telecomunicaciones SA | 13,467 | 56,041 | ||||||
Empresas CMPC SA | 54,329 | 102,386 | ||||||
Empresas COPEC SA | 19,032 | 157,974 | ||||||
Enel Americas SA, ADR | 15,425 | 90,236 | ||||||
Enel Chile SA, ADR | 4,332 | 10,440 | ||||||
Grupo Security SA | 123,808 | 19,836 | ||||||
Hortifrut SA | 6,080 | 6,553 | ||||||
Inversiones Aguas Metropolitanas SA | 40,036 | 20,739 | ||||||
PAZ Corp. SA | 9,073 | 3,357 |
SHARES | VALUE | |||||||
Ripley Corp. SA * | 71,991 | $ | 13,233 | |||||
Salfacorp SA | 43,600 | 16,777 | ||||||
Sigdo Koppers SA | 27,803 | 26,932 | ||||||
SMU SA | 147,411 | 15,054 | ||||||
Sociedad Matriz SAAM SA | 550,961 | 38,387 | ||||||
Socovesa SA | 38,881 | 5,474 | ||||||
SONDA SA | 26,216 | 11,317 | ||||||
|
| |||||||
877,622 | ||||||||
|
| |||||||
China 32.9% |
| |||||||
360 Security Technology, Inc., Class A * | 20,500 | 37,687 | ||||||
361 Degrees International Ltd. * | 71,000 | 34,293 | ||||||
3SBio, Inc. *±@ | 106,000 | 104,167 | ||||||
AAC Technologies Holdings, Inc. | 60,500 | 288,719 | ||||||
Accelink Technologies Co. Ltd. Class A | 9,200 | 31,890 | ||||||
Agile Group Holdings Ltd. | 131,091 | 122,593 | ||||||
Agricultural Bank of China Ltd., H Shares | 1,613,000 | 555,303 | ||||||
Air China Ltd., Class H * | 154,000 | 101,880 | ||||||
Alibaba Group Holding Ltd. * | 80,400 | 1,468,644 | ||||||
Aluminum Corp. of China Ltd., H Shares * | 290,000 | 219,419 | ||||||
Angang Steel Co. Ltd., H Shares @ | 142,999 | 88,173 | ||||||
Anhui Conch Cement Co. Ltd., H Shares | 117,500 | 633,940 | ||||||
Anhui Guangxin Agrochemical Co. Ltd., Class A | 2,200 | 11,105 | ||||||
Anhui Truchum Advanced Materials & Technology Co. Ltd., Class A | 13,800 | 21,590 | ||||||
Anhui Zhongding Sealing Parts Co. Ltd., Class A | 13,300 | 30,131 | ||||||
Anton Oilfield Services Group * | 226,000 | 14,516 | ||||||
Asia Cement China Holdings Corp. | 40,000 | 31,703 | ||||||
Atlas Corp. @ | 4,549 | 69,099 | ||||||
Ausnutria Dairy Corp. Ltd. @* | 41,000 | 42,345 | ||||||
Avary Holding Shenzhen Co. Ltd., Class A | 1,600 | 8,252 | ||||||
AviChina Industry & Technology Co. Ltd., H Shares | 254,000 | 160,531 | ||||||
BAIC Motor Corp. Ltd., H Shares ±@ | 145,000 | 50,291 | ||||||
Baidu, Inc., ADR * | 12,143 | 1,866,986 | ||||||
BAIOO Family Interactive Ltd. ± | 48,000 | 4,563 | ||||||
Bank of Beijing Co. Ltd., Class A | 98,400 | 66,390 | ||||||
Bank of Changsha Co. Ltd., Class A | 25,500 | 32,673 | ||||||
Bank of Chengdu Co. Ltd., Class A | 26,000 | 47,718 | ||||||
Bank of China Ltd., H Shares | 4,829,902 | 1,712,412 | ||||||
Bank of Chongqing Co. Ltd., H Shares | 46,500 | 25,864 | ||||||
Bank of Communications Co. Ltd., H Shares | 565,400 | 335,551 | ||||||
Bank of Hangzhou Co. Ltd., Class A | 21,100 | 48,749 | ||||||
Bank of Nanjing Co. Ltd., Class A | 61,300 | 85,848 | ||||||
Bank of Ningbo Co. Ltd., Class A | 16,800 | 91,381 | ||||||
Bank of Shanghai Co. Ltd., Class A | 68,500 | 77,487 | ||||||
Bank of Suzhou Co. Ltd., Class A | 20,200 | 21,287 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A | 124,500 | 167,614 | ||||||
BBMG Corp., H Shares | 184,000 | 31,436 | ||||||
Beijing Capital Co. Ltd., Class A | 48,000 | 27,557 | ||||||
Beijing Capital Development Co. Ltd., Class A | 12,200 | 9,855 | ||||||
Beijing Capital International Airport Co. Ltd., H Shares * | 190,000 | 112,028 | ||||||
Beijing Capital Land Ltd., H Shares *<> | 150,000 | 53,567 | ||||||
Beijing Dabeinong Technology Group Co. Ltd., Class A | 32,000 | 37,436 | ||||||
Beijing Energy International Holding Co. Ltd. * | 310,000 | 12,146 | ||||||
Beijing Enlight Media Co. Ltd., Class A | 11,300 | 17,347 | ||||||
Beijing Enterprises Holdings Ltd. | 46,000 | 184,067 | ||||||
Beijing Enterprises Water Group Ltd. | 448,000 | 176,100 | ||||||
Beijing GeoEnviron Engineering & Technology, Inc., Class A | 9,360 | 24,377 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Beijing North Star Co. Ltd., Class H | 100,000 | $ | 16,956 | |||||
Beijing Orient Landscape & Environment Co. Ltd., Class A * | 20,000 | 9,471 | ||||||
Beijing Orient National Communication Science & Technology Co. Ltd., Class A * | 8,200 | 11,573 | ||||||
Beijing Originwater Technology Co. Ltd., Class A | 18,000 | 21,643 | ||||||
Beijing Shiji Information Technology Co. Ltd., Class A | 3,220 | 12,696 | ||||||
Beijing Sinnet Technology Co. Ltd., Class A | 12,200 | 24,297 | ||||||
Beijing SL Pharmaceutical Co. Ltd., Class A | 8,900 | 13,731 | ||||||
Beijing Thunisoft Corp. Ltd., Class A | 4,400 | 7,558 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 15,000 | 19,693 | ||||||
Beijing Yanjing Brewery Co. Ltd., Class A | 9,600 | 9,731 | ||||||
Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A | 14,600 | 23,632 | ||||||
Blue Sail Medical Co. Ltd., Class A | 12,900 | 35,892 | ||||||
Bluefocus Intelligent Communications Group Co. Ltd., Class A | 23,100 | 20,090 | ||||||
BOE Technology Group Co. Ltd., Class A | 220,300 | 172,159 | ||||||
Bohai Leasing Co. Ltd., Class A * | 64,900 | 26,916 | ||||||
Bosideng International Holdings Ltd. @ | 178,000 | 126,675 | ||||||
Bright Dairy & Food Co. Ltd., Class A | 7,700 | 16,563 | ||||||
Brilliance China Automotive Holdings Ltd. *§ | 178,000 | 125,189 | ||||||
BTG Hotels Group Co. Ltd., Class A * | 5,700 | 19,229 | ||||||
BYD Electronic International Co. Ltd. @ | 64,000 | 225,675 | ||||||
C C Land Holdings Ltd. | 106,500 | 23,941 | ||||||
C&D International Investment Group Ltd. | 18,000 | 34,452 | ||||||
CA Cultural Technology Group Ltd. * | 28,000 | 9,783 | ||||||
Caitong Securities Co. Ltd., Class A | 11,900 | 19,907 | ||||||
CECEP Solar Energy Co. Ltd., Class A | 30,100 | 58,550 | ||||||
CECEP Wind-Power Corp., Class A | 37,700 | 46,030 | ||||||
Central China Management Co. Ltd. | 81,000 | 14,151 | ||||||
Central China Real Estate Ltd. | 81,000 | 15,608 | ||||||
CGN New Energy Holdings Co. Ltd. @ | 152,000 | 161,281 | ||||||
Changjiang Securities Co. Ltd., Class A | 39,900 | 47,234 | ||||||
Chaowei Power Holdings Ltd. | 71,000 | 20,339 | ||||||
Chengdu Wintrue Holding Co. Ltd., Class A | 8,900 | 22,298 | ||||||
Chengtun Mining Group Co. Ltd., Class A | 19,700 | 36,216 | ||||||
China Aircraft Leasing Group Holdings Ltd. | 16,000 | 10,482 | ||||||
China Aoyuan Group Ltd. | 103,000 | 54,380 | ||||||
China Baoan Group Co. Ltd., Class A | 15,500 | 46,005 | ||||||
China BlueChemical Ltd., H Shares | 192,000 | 70,539 | ||||||
China Cinda Asset Management Co. Ltd., Class H | 561,000 | 95,126 | ||||||
China Citic Bank Corp. Ltd., H Shares | 613,000 | 277,181 | ||||||
China Coal Energy Co. Ltd., H Shares | 158,000 | 120,763 | ||||||
China Communication Services Corp. Ltd., H Shares | 231,600 | 128,524 | ||||||
China Conch Venture Holdings Ltd. | 80,500 | 372,788 | ||||||
China Construction Bank Corp., H Shares | 6,499,810 | 4,659,033 | ||||||
China Development Bank Financial Leasing Co. Ltd., H Shares ± | 128,000 | 18,251 | ||||||
China Dongxiang Group Co. Ltd. | 389,000 | 42,475 | ||||||
China Eastern Airlines Corp. Ltd., ADR * | 403 | 7,697 | ||||||
China Eastern Airlines Corp. Ltd., H Shares * | 142,000 | 54,541 |
SHARES | VALUE | |||||||
China Education Group Holdings Ltd. @ | 30,000 | $ | 51,717 | |||||
China Energy Engineering Corp. <> | 88,674 | 41,441 | ||||||
China Energy Engineering Corp. Ltd., H Shares | 152,000 | 24,602 | ||||||
China Everbright Bank Co. Ltd., H Shares | 241,000 | 85,135 | ||||||
China Everbright Greentech Ltd. ±@ | 65,000 | 25,467 | ||||||
China Everbright Ltd. | 88,000 | 104,000 | ||||||
China Film Co. Ltd., Class A * | 10,100 | 21,084 | ||||||
China Foods Ltd. | 86,000 | 31,043 | ||||||
China Fortune Land Development Co. Ltd., Class A *<> | 19,211 | 11,921 | ||||||
China Galaxy Securities Co. Ltd., H Shares | 194,500 | 113,182 | ||||||
China Gas Holdings Ltd. | 211,800 | 625,770 | ||||||
China Grand Pharmaceutical and Healthcare Holdings Ltd., Class A | 68,000 | 54,245 | ||||||
China Great Wall Securities Co. Ltd., Class A | 8,500 | 15,574 | ||||||
China Harmony Auto Holding Ltd. | 62,000 | 32,734 | ||||||
China High Speed Transmission Equipment Group Co. Ltd. *@ | 44,000 | 36,965 | ||||||
China Hongqiao Group Ltd. | 162,500 | 209,162 | ||||||
China Huarong Asset Management Co. Ltd., Class H *±§ | 801,000 | 78,715 | ||||||
China International Capital Corp. Ltd., H Shares ± | 21,600 | 56,742 | ||||||
China International Marine Containers Group Co. Ltd., Class H | 49,640 | 104,832 | ||||||
China Jinmao Holdings Group Ltd. | 440,000 | 158,260 | ||||||
China Jushi Co. Ltd., Class A | 22,631 | 61,567 | ||||||
China Kepei Education Group Ltd. @ | 36,000 | 19,099 | ||||||
China Lesso Group Holdings Ltd. | 100,000 | 160,315 | ||||||
China Life Insurance Co. Ltd., Class H | 238,000 | 390,723 | ||||||
China Lilang Ltd. | 31,000 | 18,039 | ||||||
China Literature Ltd. *±@ | 16,600 | 126,665 | ||||||
China Lumena New Materials Corp. *§ | 5,599 | | ||||||
China Maple Leaf Educational Systems Ltd. *@ | 160,000 | 28,569 | ||||||
China Medical System Holdings Ltd. | 97,000 | 176,938 | ||||||
China Meheco Co. Ltd., Class A | 9,900 | 17,296 | ||||||
China Mengniu Dairy Co. Ltd. * | 21,000 | 135,285 | ||||||
China Merchants Bank Co. Ltd., H Shares | 247,500 | 1,972,777 | ||||||
China Merchants Energy Shipping Co. Ltd., Class A | 56,880 | 48,587 | ||||||
China Merchants Land Ltd. * | 118,000 | 13,491 | ||||||
China Merchants Port Holdings Co. Ltd. | 114,891 | 197,176 | ||||||
China Merchants Securities Co. Ltd., H Shares ± | 10,660 | 17,062 | ||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | 22,000 | 44,053 | ||||||
China Minsheng Banking Corp. Ltd., H Shares @ | 425,380 | 171,034 | ||||||
China Modern Dairy Holdings Ltd. @ | 290,000 | 55,134 | ||||||
China Molybdenum Co. Ltd., H Shares | 135,000 | 84,108 | ||||||
China National Accord Medicines Corp. Ltd., Class A | 5,200 | 28,003 | ||||||
China National Building Material Co. Ltd., H Shares | 418,850 | 567,101 | ||||||
China National Medicines Corp. Ltd., Class A | 2,900 | 13,158 | ||||||
China New Higher Education Group Ltd. ±@ | 74,000 | 34,411 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
China Oil & Gas Group Ltd. * | 200,000 | $ | 14,387 | |||||
China Oilfield Services Ltd., H Shares | 180,000 | 171,800 | ||||||
China Oriental Group Co. Ltd. | 122,000 | 37,769 | ||||||
China Overseas Grand Oceans Group Ltd. | 131,500 | 80,576 | ||||||
China Overseas Land & Investment Ltd. | 409,000 | 932,047 | ||||||
China Pacific Insurance Group Co. Ltd., H Shares | 203,200 | 604,276 | ||||||
China Petroleum & Chemical Corp., H Shares | 1,784,400 | 884,790 | ||||||
China Railway Group Ltd., H Shares | 326,000 | 162,484 | ||||||
China Railway Signal & Communication Corp. Ltd. H Shares ± | 77,000 | 27,893 | ||||||
China Reinsurance Group Corp., H Shares | 323,000 | 36,513 | ||||||
China Resources Cement Holdings Ltd. | 238,000 | 229,603 | ||||||
China Resources Double Crane Pharmaceutical Co. Ltd., Class A | 6,300 | 11,416 | ||||||
China Resources Gas Group Ltd. | 70,000 | 367,775 | ||||||
China Resources Land Ltd. | 366,000 | 1,544,462 | ||||||
China Resources Medical Holdings Co. Ltd. | 71,500 | 58,048 | ||||||
China Resources Pharmaceutical Group Ltd. ± | 134,500 | 66,173 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 7,900 | 34,572 | ||||||
China Risun Group Ltd. | 16,000 | 10,153 | ||||||
China Sanjiang Fine Chemicals Co. Ltd. | 44,000 | 15,430 | ||||||
China SCE Group Holdings Ltd. | 170,000 | 59,617 | ||||||
China Shanshui Cement Group Ltd. * | 53,000 | 13,753 | ||||||
China Shenhua Energy Co. Ltd., H Shares | 358,000 | 837,900 | ||||||
China Shineway Pharmaceutical Group Ltd. | 36,000 | 34,221 | ||||||
China South City Holdings Ltd. | 508,000 | 43,069 | ||||||
China South Publishing & Media Group Co. Ltd., Class A | 11,600 | 16,084 | ||||||
China Southern Airlines Co. Ltd., H Shares *@ | 170,000 | 96,087 | ||||||
China Taiping Insurance Holdings Co. Ltd. | 137,800 | 209,586 | ||||||
China Tianrui Group Cement Co. Ltd. * | 11,000 | 8,365 | ||||||
China Tower Corp. Ltd., Class H ± | 3,174,000 | 415,880 | ||||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 260,000 | 131,926 | ||||||
China TransInfo Technology Co. Ltd., Class A | 6,900 | 15,781 | ||||||
China Travel International Investment Hong Kong Ltd. * | 180,000 | 26,591 | ||||||
China Vanke Co. Ltd., Class H | 158,172 | 432,783 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 84,000 | 121,285 | ||||||
China Zhongwang Holdings Ltd. *@<> | 154,000 | 33,235 | ||||||
Chinasoft International Ltd. * | 108,000 | 190,899 | ||||||
Chinese Universe Publishing and Media Group Co. Ltd., Class A | 9,200 | 14,764 | ||||||
Chongqing Changan Automobile Co. Ltd., Class A | 17,500 | 45,225 | ||||||
Chongqing Department Store Co. Ltd., Class A | 2,400 | 8,947 | ||||||
Chongqing Rural Commercial Bank Co. Ltd., H Shares | 226,000 | 82,449 | ||||||
CIFI Holdings Group Co. Ltd. | 285,364 | 194,284 | ||||||
CIMC Enric Holdings Ltd. | 74,000 | 88,690 | ||||||
CITIC Ltd. | 417,000 | 444,606 | ||||||
CITIC Securities Co. Ltd., Class H | 64,000 | 163,111 | ||||||
Citychamp Watch & Jewellery Group Ltd. * | 62,000 | 10,991 | ||||||
CNHTC Jinan Truck Co. Ltd., Class A | 2,800 | 6,421 |
SHARES | VALUE | |||||||
CNNC Hua Yuan Titanium Dioxide Co. Ltd., Class A | 14,800 | $ | 33,003 | |||||
COFCO Biotechnology Co. Ltd., Class A | 15,100 | 23,624 | ||||||
Cogobuy Group *± | 40,000 | 12,949 | ||||||
Concord New Energy Group Ltd. | 420,000 | 52,873 | ||||||
Consun Pharmaceutical Group Ltd. | 23,000 | 10,459 | ||||||
COSCO SHIPPING Development Co. Ltd., H Shares | 324,200 | 64,551 | ||||||
COSCO SHIPPING Energy Transportation Co. Ltd., H Shares @ | 136,000 | 66,736 | ||||||
COSCO Shipping Holdings Co. Ltd., H Shares *@ | 89,699 | 137,579 | ||||||
COSCO SHIPPING Ports Ltd. | 152,431 | 131,976 | ||||||
Country Garden Holdings Co. Ltd. @ | 847,036 | 875,908 | ||||||
CP Pokphand Co. Ltd. <> | 444,000 | 54,754 | ||||||
CPMC Holdings Ltd. | 53,000 | 27,846 | ||||||
CSG Holding Co. Ltd., Class A | 19,500 | 30,206 | ||||||
CSPC Pharmaceutical Group Ltd. | 128,000 | 153,574 | ||||||
CTS International Logistics Corp. Ltd., Class A | 11,000 | 21,652 | ||||||
DaFa Properties Group Ltd. | 16,000 | 10,318 | ||||||
Dali Foods Group Co. Ltd. ± | 116,500 | 70,337 | ||||||
Daqin Railway Co. Ltd., Class A | 85,800 | 83,116 | ||||||
DBG Technology Co. Ltd.,Class A | 7,000 | 14,201 | ||||||
Dexin China Holdings Co. Ltd. * | 76,000 | 27,238 | ||||||
DHC Software Co. Ltd., Class A | 28,100 | 33,091 | ||||||
Digital China Holdings Ltd. | 62,000 | 34,088 | ||||||
Digital China Information Service Co. Ltd., Class A | 10,000 | 19,421 | ||||||
Dong-E-E-Jiao Co. Ltd., Class A | 3,300 | 17,884 | ||||||
Dongfang Electric Corp. Ltd. H Shares @ | 29,800 | 49,305 | ||||||
Dongfeng Motor Group Co. Ltd., H Shares | 150,000 | 133,917 | ||||||
Dongxing Securities Co. Ltd., Class A | 12,000 | 21,039 | ||||||
Dongyue Group Ltd. | 82,000 | 204,772 | ||||||
Dynagreen Environmental Protection Group Co. Ltd., Class H | 52,000 | 30,994 | ||||||
E-House China Enterprise Holdings Ltd. | 24,600 | 3,729 | ||||||
Essex Bio-technology Ltd. | 37,000 | 27,377 | ||||||
Everbright Securities Co. Ltd., Class H ±@ | 16,000 | 12,394 | ||||||
Fangda Carbon New Material Co. Ltd., Class A | 15,700 | 24,660 | ||||||
Fangda Special Steel Technology Co. Ltd., Class A | 19,000 | 23,198 | ||||||
Fantasia Holdings Group Co. Ltd. *<> | 142,500 | 10,251 | ||||||
Far East Horizon Ltd. | 200,000 | 202,964 | ||||||
FAW Jiefang Group Co. Ltd., Class A | 24,100 | 40,091 | ||||||
Fiberhome Telecommunication Technologies Co. Ltd., Class A | 5,800 | 15,833 | ||||||
FIH Mobile Ltd. *@ | 203,000 | 30,510 | ||||||
Financial Street Holdings Co. Ltd., Class A | 23,300 | 21,634 | ||||||
FinVolution Group, ADR @ | 11,439 | 64,516 | ||||||
Fosun International Ltd. | 200,500 | 243,908 | ||||||
Founder Securities Co. Ltd., Class A | 23,800 | 30,127 | ||||||
Fu Shou Yuan International Group Ltd. | 65,000 | 54,190 | ||||||
Fufeng Group Ltd. * | 153,000 | 54,245 | ||||||
Fujian Funeng Co. Ltd., Class A | 14,100 | 39,799 | ||||||
Fujian Star-net Communication Co. Ltd., Class A | 6,100 | 23,354 | ||||||
Fujian Sunner Development Co. Ltd., Class A | 9,000 | 30,083 | ||||||
Fuyao Glass Industry Group Co. Ltd., Class H ± | 13,200 | 70,624 | ||||||
Gansu Shangfeng Cement Co. Ltd., Class A | 5,200 | 15,233 | ||||||
GCL-Poly Energy Holdings Ltd. *§ | 1,351,000 | 257,717 | ||||||
GDS Holdings Ltd., Class A * | 7,100 | 50,619 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Geely Automobile Holdings Ltd. | 493,000 | $ | 1,415,420 | |||||
GEM Co. Ltd., Class A | 33,500 | 57,957 | ||||||
Gemdale Corp., Class A | 30,000 | 51,995 | ||||||
Gemdale Properties & Investment Corp. Ltd. | 442,000 | 47,694 | ||||||
Genertec Universal Medical Group Co. Ltd. ± | 75,500 | 59,161 | ||||||
GF Securities Co. Ltd., Class H | 75,800 | 132,230 | ||||||
Giant Network Group Co. Ltd., Class A | 9,400 | 15,128 | ||||||
Ginko International Co. Ltd. | 5,000 | 33,201 | ||||||
Glory Sun Financial Group Ltd. * | 356,000 | 11,387 | ||||||
Golden Eagle Retail Group Ltd. | 15,000 | 13,103 | ||||||
GOME Retail Holdings Ltd. *@ | 438,000 | 41,073 | ||||||
Gotion High-tech Co. Ltd., Class A * | 3,500 | 25,721 | ||||||
Grandjoy Holdings Group Co. Ltd., Class A * | 30,000 | 16,852 | ||||||
Great Wall Motor Co. Ltd., H Shares | 39,000 | 143,783 | ||||||
Greattown Holdings Ltd., Class A | 34,100 | 18,838 | ||||||
Greatview Aseptic Packaging Co. Ltd. | 88,000 | 32,782 | ||||||
Gree Electric Appliances, Inc., Class A | 6,600 | 39,577 | ||||||
Greenland Hong Kong Holdings Ltd. | 112,000 | 28,055 | ||||||
Greentown China Holdings Ltd. @ | 78,500 | 118,789 | ||||||
GRG Banking Equipment Co. Ltd., Class A | 23,600 | 35,826 | ||||||
Guangdong HEC Technology Holding Co. Ltd., Class A * | 28,100 | 37,005 | ||||||
Guangdong Huatie Tongda High-speed Railway Equipment Corp., Class A | 22,300 | 17,944 | ||||||
Guangdong Tapai Group Co. Ltd., Class A | 9,300 | 16,047 | ||||||
Guanghui Energy Co. Ltd., Class A * | 26,800 | 35,998 | ||||||
Guangxi Liugong Machinery Co. Ltd., Class A | 14,900 | 18,146 | ||||||
Guangxi Wuzhou Zhongheng Group Co. Ltd., Class A | 24,500 | 12,246 | ||||||
Guangzhou Automobile Group Co. Ltd., H Shares | 188,000 | 166,153 | ||||||
Guangzhou Baiyun International Airport Co. Ltd., Class A | 11,000 | 18,282 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H | 16,000 | 40,572 | ||||||
Guangzhou Haige Communications Group, Inc. Co., Class A | 22,300 | 35,337 | ||||||
Guangzhou R&F Properties Co. Ltd., H Shares @ | 202,800 | 155,787 | ||||||
Guangzhou Yuexiu Financial Holdings Group Co. Ltd., Class A | 13,365 | 17,476 | ||||||
Guizhou Panjiang Refined Coal Co. Ltd.,Class A | 9,269 | 13,540 | ||||||
Guosen Securities Co. Ltd., Class A | 22,400 | 40,972 | ||||||
Guosheng Financial Holding, Inc., Class A * | 14,131 | 20,009 | ||||||
Guotai Junan Securities Co. Ltd., H Shares *± | 29,000 | 41,798 | ||||||
Haier Smart Home Co. Ltd., Class A | 20,500 | 82,956 | ||||||
Haier Smart Home Co. Ltd., H Shares | 81,400 | 287,030 | ||||||
Hainan Meilan International Airport Co. Ltd., H Shares * | 4,000 | 16,751 | ||||||
Haitian International Holdings Ltd. | 44,000 | 135,934 | ||||||
Haitong Securities Co. Ltd., Class H | 169,600 | 155,337 | ||||||
Hang Zhou Great Star Industrial Co. Ltd., Class A * | 4,400 | 18,711 |
SHARES | VALUE | |||||||
Hangzhou Binjiang Real Estate Group Co. Ltd., Class A | 45,200 | $ | 30,776 | |||||
Harbin Electric Co. Ltd., H Shares | 54,000 | 25,666 | ||||||
Health & Happiness H&H International Holdings Ltd. | 18,500 | 44,107 | ||||||
Hebei Construction Group Corp. Ltd., Class H | 41,000 | 10,692 | ||||||
Heilongjiang Agriculture Co. Ltd., Class A | 8,000 | 18,755 | ||||||
Hengan International Group Co. Ltd. | 55,500 | 297,297 | ||||||
Hengdeli Holdings Ltd. * | 184,000 | 7,091 | ||||||
Hengdian Group DMEGC Magnetics Co. Ltd., Class A | 9,300 | 18,910 | ||||||
Hengli Petrochemical Co. Ltd., Class A | 19,900 | 80,189 | ||||||
Hengtong Optic-electric Co. Ltd., Class A | 9,680 | 20,672 | ||||||
Hengyi Petrochemical Co. Ltd., Class A | 25,000 | 44,490 | ||||||
Hesteel Co. Ltd., Class A | 65,500 | 28,178 | ||||||
Hi Sun Technology China Ltd. * | 138,000 | 22,691 | ||||||
Hisense Home Appliances Group Co. Ltd., Class H | 34,000 | 36,862 | ||||||
Holitech Technology Co. Ltd., Class A * | 35,900 | 18,888 | ||||||
Hongda Xingye Co. Ltd., Class A | 21,200 | 18,306 | ||||||
Hope Education Group Co. Ltd. ± | 120,000 | 17,881 | ||||||
Hopson Development Holdings Ltd. | 58,000 | 206,381 | ||||||
Hua Hong Semiconductor Ltd. *±@ | 32,000 | 166,070 | ||||||
Huaan Securities Co. Ltd., Class A | 23,372 | 19,386 | ||||||
Huadong Medicine Co. Ltd., Class A | 8,421 | 38,677 | ||||||
Huafa Industrial Co. Ltd. Zhuhai, Class A | 11,600 | 10,304 | ||||||
Huafon Microfibre Shanghai Technology Co. Ltd., Class T * | 25,700 | 19,686 | ||||||
Huagong Tech Co. Ltd., Class A | 6,200 | 28,025 | ||||||
Huapont Life Sciences Co. Ltd., Class A | 27,600 | 29,641 | ||||||
Huatai Securities Co. Ltd., Class H ± | 58,600 | 90,482 | ||||||
Huaxi Securities Co. Ltd., Class A | 12,600 | 18,757 | ||||||
Huaxia Bank Co. Ltd., Class A | 43,300 | 37,322 | ||||||
Huaxin Cement Co. Ltd., Class A | 7,000 | 22,152 | ||||||
Huayu Automotive Systems Co. Ltd., Class A | 17,500 | 61,798 | ||||||
Hubei Biocause Pharmaceutical Co. Ltd., Class A | 17,600 | 9,124 | ||||||
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A | 4,400 | 11,378 | ||||||
Hubei Xingfa Chemicals Group Co. Ltd., Class A | 9,400 | 65,240 | ||||||
Hunan Gold Corp. Ltd., Class A * | 15,800 | 28,509 | ||||||
Hunan Valin Steel Co. Ltd., Class A | 47,300 | 48,529 | ||||||
Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Class A | 12,000 | 28,207 | ||||||
Hytera Communications Corp. Ltd., Class A | 23,400 | 20,242 | ||||||
IMAX China Holding, Inc. ±@ | 6,300 | 9,242 | ||||||
Industrial & Commercial Bank of China Ltd., H Shares | 4,684,000 | 2,605,348 | ||||||
Industrial Bank Co. Ltd. Class A | 122,900 | 348,037 | ||||||
Industrial Securities Co. Ltd., Class A | 40,700 | 61,974 | ||||||
Infore Environment Technology Group Co. Ltd., Class A | 12,400 | 13,336 | ||||||
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A * | 169,960 | 83,374 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A | 55,300 | 48,949 | ||||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A * | 49,400 | 72,699 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
JD.com, Inc., Class A * | 17,850 | $ | 649,370 | |||||
Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A | 20,200 | 20,037 | ||||||
Jiangsu Eastern Shenghong Co. Ltd., Class A | 5,100 | 22,193 | ||||||
Jiangsu Guotai International Group Co. Ltd., Class A | 10,400 | 20,552 | ||||||
Jiangsu Jiangyin Rural Commercial Bank Co. Ltd., Class A | 34,700 | 20,566 | ||||||
Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A | 6,700 | 14,495 | ||||||
Jiangsu Provincial Agricultural Reclamation and Development Corp. | 11,200 | 17,661 | ||||||
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | 5,600 | 28,086 | ||||||
Jiangsu Zhangjiagang Rural Commercial Bank Co. Ltd., Class A | 23,200 | 20,392 | ||||||
Jiangsu Zhongnan Construction Group Co. Ltd., Class A | 13,900 | 9,572 | ||||||
Jiangsu Zhongtian Technology Co. Ltd., Class A | 18,600 | 26,193 | ||||||
Jiangxi Copper Co. Ltd., H Shares | 82,000 | 148,102 | ||||||
Jiangxi Zhengbang Technology Co. Ltd., Class A | 25,000 | 36,482 | ||||||
Jiaozuo Wanfang Aluminum Manufacturing Co. Ltd., Class A | 17,100 | 21,778 | ||||||
Jiayuan International Group Ltd. @ | 135,695 | 52,991 | ||||||
Jilin Aodong Pharmaceutical Group Co. Ltd., Class A | 7,300 | 19,023 | ||||||
Jingrui Holdings Ltd. * | 43,000 | 12,870 | ||||||
JinkoSolar Holding Co. Ltd., ADR *@ | 4,223 | 193,456 | ||||||
Jinneng Science&Technology Co. Ltd., Class A | 10,600 | 27,787 | ||||||
JNBY Design Ltd. | 16,500 | 28,699 | ||||||
Joincare Pharmaceutical Group Industry Co. Ltd., Class A | 18,700 | 32,931 | ||||||
Jointown Pharmaceutical Group Co. Ltd., Class A | 10,700 | 25,632 | ||||||
Joy City Property Ltd. | 226,000 | 12,193 | ||||||
JOYY, Inc., ADR @ | 4,334 | 237,633 | ||||||
Ju Teng International Holdings Ltd. | 56,000 | 10,431 | ||||||
Juneyao Airlines Co. Ltd., Class A | 9,700 | 22,606 | ||||||
Kaisa Group Holdings Ltd. * | 308,570 | 84,033 | ||||||
Kaisa Prosperity Holdings Ltd. * | 3,750 | 10,429 | ||||||
Kehua Data Co. Ltd., Class A | 3,500 | 18,101 | ||||||
Kingboard Holdings Ltd. | 71,500 | 323,762 | ||||||
Kingboard Laminates Holdings Ltd. | 103,000 | 170,417 | ||||||
Kingsoft Corp. Ltd. | 53,600 | 213,790 | ||||||
Kunlun Energy Co. Ltd. | 378,000 | 394,284 | ||||||
Kunlun Tech Co. Ltd., Class A | 5,800 | 15,213 | ||||||
KWG Group Holdings Ltd. | 130,000 | 127,083 | ||||||
KWG Living Group Holdings Ltd. | 65,000 | 48,095 | ||||||
Lao Feng Xiang Co. Ltd., Class A | 2,700 | 19,403 | ||||||
Lee & Man Paper Manufacturing Ltd. | 122,000 | 89,800 | ||||||
Lees Pharmaceutical Holdings Ltd. @ | 34,500 | 17,240 | ||||||
Legend Holdings Corp., H Shares ± | 38,400 | 74,485 | ||||||
Lenovo Group Ltd. | 632,000 | 679,522 | ||||||
Lens Technology Co. Ltd., Class A | 13,140 | 42,538 | ||||||
Leo Group Co. Ltd., Class A | 48,000 | 18,644 | ||||||
LexinFintech Holdings Ltd., ADR * | 6,213 | 36,595 | ||||||
Leyard Optoelectronic Co. Ltd., Class A | 20,300 | 32,545 | ||||||
LianChuang Electronic Technology Co. Ltd., Class A | 10,200 | 26,076 |
SHARES | VALUE | |||||||
Liaoning Cheng Da Co. Ltd., Class A | 5,800 | $ | 22,169 | |||||
Livzon Pharmaceutical Group, Inc., H Shares | 14,100 | 51,802 | ||||||
Logan Group Co. Ltd. | 96,000 | 100,382 | ||||||
Longfor Group Holdings Ltd. ± | 139,000 | 641,018 | ||||||
Longshine Technology Group Co. Ltd., Class A | 4,500 | 17,980 | ||||||
Lonking Holdings Ltd. | 158,000 | 47,696 | ||||||
Luenmei Quantum Co. Ltd., Class A | 13,300 | 19,244 | ||||||
Luolai Lifestyle Technology Co. Ltd., Class A | 5,300 | 9,415 | ||||||
Luoniushan Co. Ltd., Class A * | 16,000 | 17,158 | ||||||
Luxi Chemical Group Co. Ltd., Class A | 8,600 | 25,020 | ||||||
Luye Pharma Group Ltd. *±@ | 161,500 | 84,436 | ||||||
LVGEM China Real Estate Investment Co. Ltd. * | 72,000 | 16,926 | ||||||
Maanshan Iron & Steel Co. Ltd., H Shares | 38,000 | 17,329 | ||||||
Maoyan Entertainment *±@ | 6,200 | 7,534 | ||||||
Metallurgical Corp. of China Ltd., H Shares | 225,000 | 69,367 | ||||||
Mingfa Group International Co. Ltd. * | 91,000 | 5,143 | ||||||
Minth Group Ltd. | 60,000 | 205,019 | ||||||
MLS Co. Ltd., Class A | 20,000 | 47,848 | ||||||
MMG Ltd. * | 192,000 | 81,144 | ||||||
Mobvista, Inc. *± | 10,000 | 9,210 | ||||||
Nanjing Iron & Steel Co. Ltd., Class A | 36,600 | 22,542 | ||||||
Nanjing Xinjiekou Department Store Co. Ltd., Class A | 6,900 | 10,592 | ||||||
NARI Technology Co. Ltd., Class A | 29,206 | 162,297 | ||||||
NavInfo Co. Ltd., Class A * | 10,200 | 17,394 | ||||||
NetDragon Websoft Holdings Ltd. | 25,500 | 57,652 | ||||||
New China Life Insurance Co. Ltd., H Shares | 57,900 | 171,067 | ||||||
New Hope Liuhe Co. Ltd., Class A * | 35,615 | 81,347 | ||||||
Newland Digital Technology Co. Ltd., Class A | 10,000 | 23,785 | ||||||
Nexteer Automotive Group Ltd. | 69,000 | 71,263 | ||||||
Nine Dragons Paper Holdings Ltd. | 173,000 | 213,121 | ||||||
Ningbo Huaxiang Electronic Co. Ltd., Class A | 8,950 | 30,096 | ||||||
Ningbo Joyson Electronic Corp., Class A | 5,200 | 14,034 | ||||||
Ningbo Zhoushan Port Co. Ltd., Class A | 33,200 | 20,294 | ||||||
Northeast Securities Co. Ltd., Class A | 8,500 | 11,351 | ||||||
OFILM Group Co. Ltd., Class A | 20,800 | 27,037 | ||||||
ORG Technology Co. Ltd., Class A | 26,800 | 26,459 | ||||||
Orient Securities Co. Ltd., Class H ± | 52,400 | 51,157 | ||||||
Oriental Pearl Group Co. Ltd., Class A | 10,700 | 12,998 | ||||||
Ourpalm Co. Ltd., Class A * | 27,500 | 16,043 | ||||||
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A * | 61,900 | 45,883 | ||||||
PAX Global Technology Ltd. | 75,000 | 94,898 | ||||||
PCI Technology Group Co. Ltd., Class A | 15,600 | 19,481 | ||||||
Peoples Insurance Co. Group of China Ltd. (The), H Shares | 305,000 | 94,815 | ||||||
Perfect World Co. Ltd., Class A | 6,700 | 15,635 | ||||||
PetroChina Co. Ltd., H Shares | 2,160,000 | 1,023,861 | ||||||
PICC Property & Casualty Co. Ltd., H Shares | 494,000 | 479,110 | ||||||
Ping An Bank Co. Ltd., Class A | 108,500 | 301,046 | ||||||
Ping An Insurance Group Co. of China Ltd., Class H | 272,500 | 1,864,005 | ||||||
Pingdingshan Tianan Coal Mining Co. Ltd., Class A | 15,900 | 31,396 | ||||||
Poly Property Group Co. Ltd. | 186,000 | 48,981 | ||||||
Postal Savings Bank of China Co. Ltd., Class H ± | 595,000 | 411,207 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Pou Sheng International Holdings Ltd. * | 252,000 | $ | 42,730 | |||||
Powerlong Real Estate Holdings Ltd. | 143,000 | 107,461 | ||||||
Q Technology Group Co. Ltd. @ | 31,000 | 44,680 | ||||||
Qingdao Hanhe Cable Co. Ltd., Class A | 35,800 | 25,207 | ||||||
Qingling Motors Co. Ltd., Class H | 84,000 | 17,588 | ||||||
Qudian, Inc.,ADR * | 3,805 | 5,555 | ||||||
Red Star Macalline Group Corp. Ltd., H Shares *± | 35,700 | 20,774 | ||||||
Redco Properties Group Ltd. ±@ | 80,000 | 29,802 | ||||||
Redsun Properties Group Ltd. | 82,000 | 25,386 | ||||||
Renhe Pharmacy Co. Ltd., Class A | 19,700 | 25,394 | ||||||
RiseSun Real Estate Development Co. Ltd., Class A | 35,400 | 26,404 | ||||||
Ronshine China Holdings Ltd. * | 43,500 | 21,737 | ||||||
SAIC Motor Corp. Ltd., Class A | 29,700 | 87,692 | ||||||
Sailun Group Co. Ltd., Class A | 13,900 | 24,650 | ||||||
Sanan Optoelectronics Co. Ltd., Class A | 14,100 | 69,146 | ||||||
Sansteel Minguang Co. Ltd., Class A | 13,700 | 18,508 | ||||||
Sany Heavy Equipment International Holdings Co. Ltd. | 83,000 | 98,304 | ||||||
Sealand Securities Co. Ltd., Class A | 24,800 | 15,773 | ||||||
Seazen Group Ltd. * | 180,000 | 144,053 | ||||||
Seazen Holdings Co. Ltd., Class A | 13,800 | 79,612 | ||||||
Shaanxi Coal Industry Co. Ltd., Class A | 50,037 | 114,598 | ||||||
Shan Xi Hua Yang Group New Energy Co. Ltd., Class A | 20,800 | 39,494 | ||||||
Shandong Buchang Pharmaceuticals Co. Ltd., Class A | 9,200 | 26,253 | ||||||
Shandong Chenming Paper Holdings Ltd., H Shares @ | 35,250 | 20,241 | ||||||
Shandong Gold Mining Co. Ltd., H Shares ±@ | 34,750 | 61,513 | ||||||
Shandong Himile Mechanical Science & Technology Co. Ltd., Class A | 2,700 | 10,633 | ||||||
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 11,310 | 57,634 | ||||||
Shandong Humon Smelting Co. Ltd., Class A | 10,800 | 19,821 | ||||||
Shandong Linglong Tyre Co. Ltd., Class A | 7,700 | 42,014 | ||||||
Shandong Longda Meat Foodstuff Co. Ltd., Class A | 8,100 | 12,372 | ||||||
Shandong Nanshan Aluminum Co. Ltd., Class A | 37,900 | 25,630 | ||||||
Shandong Sun Paper Industry JSC Ltd., Class A | 16,800 | 31,093 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., H Shares | 188,000 | 336,169 | ||||||
Shandong Yisheng Livestock & Poultry Breeding Co. Ltd., Class A | 7,471 | 12,648 | ||||||
Shanghai AJ Group Co. Ltd., Class A | 16,900 | 18,307 | ||||||
Shanghai Electric Group Co. Ltd., H Shares | 166,000 | 52,031 | ||||||
Shanghai Environment Group Co. Ltd., Class A | 11,600 | 23,605 | ||||||
Shanghai Fosun Pharmaceutical Group Co. Ltd., H Shares @ | 26,000 | 133,763 | ||||||
Shanghai Fudan Microelectronics Group Co. Ltd., Class H * | 16,000 | 40,901 | ||||||
Shanghai Industrial Holdings Ltd. | 45,000 | 67,517 |
SHARES | VALUE | |||||||
Shanghai Industrial Urban Development Group Ltd. | 274,000 | $ | 23,934 | |||||
Shanghai International Airport Co. Ltd., Class A * | 2,300 | 15,749 | ||||||
Shanghai International Port Group Co. Ltd., Class A | 48,600 | 45,801 | ||||||
Shanghai Jahwa United Co. Ltd., Class A | 2,600 | 17,643 | ||||||
Shanghai Jin Jiang Capital Co. Ltd., Class H | 148,000 | 29,658 | ||||||
Shanghai Jinjiang International Hotels Co. Ltd., Class A | 1,300 | 9,143 | ||||||
Shanghai Lingang Holdings Corp. Ltd., Class A | 8,760 | 20,402 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A | 13,500 | 23,795 | ||||||
Shanghai Mechanical and Electrical Industry Co. Ltd., Class A | 7,100 | 16,349 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 63,600 | 123,529 | ||||||
Shanghai Pudong Development Bank Co. Ltd., Class A | 118,900 | 165,595 | ||||||
Shanghai RAAS Blood Products Co. Ltd., Class A | 37,200 | 39,260 | ||||||
Shanghai Shimao Co. Ltd., Class A | 23,100 | 12,654 | ||||||
Shanghai Sinyang Semiconductor Materials Co. Ltd., Class A | 3,000 | 19,419 | ||||||
Shanghai Tunnel Engineering Co. Ltd., Class A | 25,600 | 22,383 | ||||||
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A | 18,000 | 28,439 | ||||||
Shanghai Zhangjiang High-Tech Park Development Co. Ltd., Class A | 7,800 | 20,375 | ||||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 50,000 | 91,765 | ||||||
Shanxi Luan Environmental Energy Development Co. Ltd., Class A | 22,000 | 51,101 | ||||||
Shanxi Meijin Energy Co. Ltd., Class A * | 41,400 | 68,998 | ||||||
Shanxi Securities Co. Ltd., Class A | 24,700 | 25,074 | ||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A | 34,300 | 51,539 | ||||||
Shanying International Holding Co. Ltd., Class A | 37,500 | 19,846 | ||||||
Shenwan Hongyuan Group Co. Ltd., H Shares ± | 43,200 | 11,432 | ||||||
Shenzhen Agricultural Products Group Co. Ltd., Class A | 15,600 | 14,146 | ||||||
Shenzhen Airport Co. Ltd., Class A * | 16,200 | 18,576 | ||||||
Shenzhen Aisidi Co. Ltd., Class A | 14,200 | 22,106 | ||||||
Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class A | 4,900 | 11,753 | ||||||
Shenzhen International Holdings Ltd. | 107,733 | 138,668 | ||||||
Shenzhen Investment Ltd. | 323,060 | 81,339 | ||||||
Shenzhen Jinjia Group Co. Ltd., Class A | 15,600 | 25,541 | ||||||
Shenzhen Kinwong Electronic Co. Ltd., Class A | 2,300 | 8,688 | ||||||
Shenzhen MTC Co. Ltd., Class A * | 42,300 | 32,402 | ||||||
Shenzhen Neptunus Bioengineering Co. Ltd., Class A * | 28,200 | 13,877 | ||||||
Shenzhen Overseas Chinese Town Co. Ltd., Class A | 61,400 | 71,166 | ||||||
Shenzhen Tagen Group Co. Ltd., Class A | 25,000 | 21,510 | ||||||
Shenzhen World Union Group, Inc., Class A | 33,300 | 19,839 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Shenzhen Yinghe Technology Co. Ltd., Class A | 7,000 | $ | 26,658 | |||||
Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A | 31,900 | 25,324 | ||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 11,200 | 28,823 | ||||||
Shimao Group Holdings Ltd. | 131,000 | 239,967 | ||||||
Shoucheng Holdings Ltd. | 134,400 | 28,142 | ||||||
Shougang Fushan Resources Group Ltd. | 219,790 | 66,914 | ||||||
Shui On Land Ltd. | 280,000 | 42,083 | ||||||
Siasun Robot & Automation Co. Ltd., Class A * | 12,500 | 19,788 | ||||||
Sichuan Hebang Biotechnology Co. Ltd., Class A * | 84,300 | 51,268 | ||||||
Sichuan Kelun Pharmaceutical Co. Ltd., Class A | 12,500 | 34,760 | ||||||
Sichuan Languang Development Co. Ltd., Class A * | 32,900 | 10,081 | ||||||
Sieyuan Electric Co. Ltd., Class A | 4,300 | 26,324 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. @ | 328,000 | 69,943 | ||||||
Sino Biopharmaceutical Ltd. | 183,000 | 151,860 | ||||||
Sino-Ocean Group Holding Ltd. | 293,712 | 57,726 | ||||||
Sinofert Holdings Ltd. @* | 244,000 | 42,001 | ||||||
Sinolink Securities Co. Ltd., Class A | 11,700 | 20,676 | ||||||
Sinoma International Engineering Co., Class A | 14,600 | 25,756 | ||||||
Sinoma Science & Technology Co. Ltd., Class A | 11,000 | 60,259 | ||||||
Sinopec Engineering Group Co. Ltd., H Shares | 111,000 | 56,465 | ||||||
Sinopec Kantons Holdings Ltd. | 90,000 | 34,452 | ||||||
Sinopec Oilfield Service Corp., Class H * | 256,000 | 26,966 | ||||||
Sinopec Shanghai Petrochemical Co. Ltd., Class H | 248,000 | 60,529 | ||||||
Sinopharm Group Co. Ltd., H Shares | 140,400 | 366,121 | ||||||
Sinotrans Ltd., H Shares | 145,000 | 56,997 | ||||||
Sinotruk Hong Kong Ltd. | 67,000 | 99,838 | ||||||
Skyfame Realty Holdings Ltd. | 158,000 | 18,470 | ||||||
Skyworth Group Ltd. * | 156,114 | 46,927 | ||||||
SOHO China Ltd. * | 153,500 | 40,817 | ||||||
SooChow Securities Co. Ltd., Class A | 15,600 | 24,068 | ||||||
Spring Airlines Co. Ltd., Class A * | 2,300 | 19,426 | ||||||
SSY Group Ltd. | 124,000 | 67,060 | ||||||
Sun King Technology Group Ltd. * | 88,000 | 44,991 | ||||||
Sunac China Holdings Ltd. | 234,000 | 498,982 | ||||||
Sunac Services Holdings Ltd. *± | 7,528 | 15,569 | ||||||
Suning Universal Co. Ltd., Class A * | 32,100 | 23,843 | ||||||
Suning.com Co. Ltd., Class A * | 37,200 | 28,725 | ||||||
Sunward Intelligent Equipment Co. Ltd., Class A | 10,800 | 15,509 | ||||||
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A | 10,800 | 34,896 | ||||||
Suzhou Gold Mantis Construction Decoration Co. Ltd., Class A | 15,000 | 14,647 | ||||||
Tangshan Jidong Cement Co. Ltd., Class A | 10,000 | 19,916 | ||||||
TangShan Port Group Co. Ltd., Class A | 55,900 | 24,048 | ||||||
Tangshan Sanyou Chemical Industries Co. Ltd., Class A | 11,600 | 19,997 | ||||||
TBEA Co. Ltd., Class A | 13,000 | 48,784 | ||||||
TCL Electronics Holdings Ltd. * | 54,667 | 27,247 | ||||||
TCL Technology Group Corp., Class A | 28,300 | 27,415 | ||||||
Tech-Bank Food Co. Ltd., Class A | 23,240 | 21,434 |
SHARES | VALUE | |||||||
Tencent Music Entertainment Group, ADR * | 29,336 | $ | 212,686 | |||||
Tian Di Science & Technology Co. Ltd., Class A | 40,500 | 32,903 | ||||||
Tiangong International Co. Ltd. @ | 76,000 | 45,397 | ||||||
Tianjin Chase Sun Pharmaceutical Co. Ltd., Class A | 30,700 | 20,381 | ||||||
Tianjin Port Development Holdings Ltd. | 180,000 | 15,030 | ||||||
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A | 11,000 | 78,081 | ||||||
Tianneng Power International Ltd. @ | 74,000 | 82,891 | ||||||
Tianshui Huatian Technology Co. Ltd., Class A | 10,300 | 19,270 | ||||||
Times China Holdings Ltd. | 10,000 | 8,311 | ||||||
Tingyi Cayman Islands Holding Corp. | 154,000 | 286,451 | ||||||
Titan Wind Energy Suzhou Co. Ltd., Class A | 8,800 | 24,172 | ||||||
Tomson Group Ltd. | 24,000 | 5,889 | ||||||
Tong Ren Tang Technologies Co. Ltd., Class H | 41,000 | 30,758 | ||||||
Tongcheng-Elong Holdings Ltd. * | 49,200 | 118,945 | ||||||
Tongda Group Holdings Ltd. *@ | 510,000 | 16,051 | ||||||
Tonghua Dongbao Pharmaceutical Co. Ltd., Class A | 11,000 | 17,907 | ||||||
Tongkun Group Co. Ltd., Class A | 11,100 | 37,686 | ||||||
Tongling Nonferrous Metals Group Co. Ltd., Class A | 49,000 | 29,648 | ||||||
Tongyu Heavy Industry Co. Ltd., Class A | 40,800 | 22,982 | ||||||
Topsec Technologies Group, Inc., Class A | 7,000 | 17,332 | ||||||
Transfar Zhilian Co. Ltd., Class A | 27,553 | 35,517 | ||||||
TravelSky Technology Ltd., H Shares | 53,000 | 102,124 | ||||||
Trip.com Group Ltd., ADR * | 28,782 | 885,046 | ||||||
Truly International Holdings Ltd. | 120,000 | 34,684 | ||||||
Tsingtao Brewery Co. Ltd., Class H | 12,000 | 94,031 | ||||||
Tus Environmental Science And Technology Development Co. Ltd., Class A * | 23,000 | 18,579 | ||||||
Uni-President China Holdings Ltd. | 92,000 | 87,572 | ||||||
Unisplendour Corp. Ltd., Class A | 20,640 | 79,658 | ||||||
United Energy Group Ltd. | 412,000 | 52,925 | ||||||
Universal Scientific Industrial Shanghai Co. Ltd., Class A | 10,000 | 21,448 | ||||||
Untrade Hua Han Health § | 504,000 | | ||||||
Untrade Huiyuan Juice § | 84,500 | | ||||||
Vinda International Holdings Ltd. @ | 26,000 | 76,818 | ||||||
Viomi Technology Co. Ltd., ADR *@ | 2,471 | 11,268 | ||||||
Vipshop Holdings Ltd., ADR * | 25,121 | 279,848 | ||||||
Virscend Education Co. Ltd. ± | 29,000 | 1,844 | ||||||
Wangfujing Group Co. Ltd., Class A | 4,200 | 19,303 | ||||||
Wangsu Science & Technology Co. Ltd., Class A | 20,900 | 18,629 | ||||||
Want Want China Holdings Ltd. | 349,000 | 264,059 | ||||||
Wanxiang Qianchao Co. Ltd., Class A | 42,900 | 37,376 | ||||||
Wasion Holdings Ltd. | 48,000 | 16,217 | ||||||
Weibo Corp., ADR * | 1,188 | 56,418 | ||||||
Weichai Power Co. Ltd., H Shares | 151,000 | 313,846 | ||||||
Weifu High-Technology Group Co. Ltd., Class A | 5,600 | 17,921 | ||||||
Wellhope Foods Co. Ltd., Class A | 7,700 | 11,832 | ||||||
Wens Foodstuffs Group Co. Ltd., Class A | 47,100 | 105,466 | ||||||
West China Cement Ltd. | 198,000 | 36,880 | ||||||
Wharf Holdings Ltd. (The) | 70,000 | 232,445 | ||||||
Wingtech Technology Co. Ltd., Class A | 5,300 | 76,816 | ||||||
Wisdom Education International Holdings Co. Ltd. @ | 40,000 | 7,605 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
China (Continued) |
| |||||||
Wolong Electric Group Co. Ltd., Class A | 11,600 | $ | 23,856 | |||||
Wuchan Zhongda Group Co. Ltd., Class A | 29,100 | 29,180 | ||||||
Wuhan Department Store Group Co. Ltd., Class A | 12,600 | 20,785 | ||||||
Wuhu Token Science Co. Ltd., Class A | 16,000 | 18,347 | ||||||
Wuxi Taiji Industry Co. Ltd., Class A | 14,900 | 18,630 | ||||||
XCMG Construction Machinery Co. Ltd., Class A | 47,400 | 51,272 | ||||||
Xiamen C & D, Inc., Class A | 17,600 | 22,769 | ||||||
Xiamen Comfort Science & Technology Group Co. Ltd., Class A | 8,700 | 18,162 | ||||||
Xiamen International Port Co. Ltd., Class H | 94,000 | 10,385 | ||||||
Xiamen ITG Group Corp. Ltd., Class A | 17,300 | 20,882 | ||||||
Xiamen Tungsten Co. Ltd., Class A | 7,300 | 26,750 | ||||||
Xiamen Xiangyu Co. Ltd., Class A | 22,200 | 26,384 | ||||||
Xilinmen Furniture Co. Ltd., Class A | 5,200 | 19,514 | ||||||
Xinfengming Group Co. Ltd., Class A | 4,000 | 10,312 | ||||||
Xingda International Holdings Ltd. | 95,633 | 20,884 | ||||||
Xinhu Zhongbao Co. Ltd., Class A | 44,900 | 21,122 | ||||||
Xinhua Winshare Publishing and Media Co. Ltd., Class H | 36,000 | 27,192 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., H Shares | 47,800 | 100,701 | ||||||
Xinjiang Tianshan Cement Co. Ltd., Class A | 4,500 | 9,798 | ||||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A | 14,500 | 30,067 | ||||||
Xinxing Ductile Iron Pipes Co. Ltd., Class A | 18,100 | 12,184 | ||||||
Xinyangfeng Agricultural Technology Co. Ltd., Class A | 6,900 | 18,899 | ||||||
Xinyi Solar Holdings Ltd. | 266 | 545 | ||||||
Xinyu Iron & Steel Co. Ltd., Class A | 27,300 | 30,121 | ||||||
Xinyuan Real Estate Co. Ltd., ADR | 4,102 | 7,179 | ||||||
Xtep International Holdings Ltd. @ | 92,647 | 129,724 | ||||||
Xuji Electric Co. Ltd., Class A | 9,300 | 30,870 | ||||||
YaGuang Technology Group Co. Ltd., Class A * | 8,000 | 11,625 | ||||||
Yango Group Co. Ltd., Class A | 22,400 | 14,455 | ||||||
Yantai Changyu Pioneer Wine Co. Ltd., Class A | 3,700 | 18,597 | ||||||
Yantai Jereh Oilfield Services Group Co. Ltd., Class A | 7,300 | 54,698 | ||||||
Yanzhou Coal Mining Co. Ltd., H Shares | 186,000 | 352,185 | ||||||
YiChang HEC ChangJiang Pharmaceutical Co. Ltd., H Shares *±@ | 25,600 | 15,127 | ||||||
Yifan Pharmaceutical Co. Ltd., Class A | 7,200 | 17,481 | ||||||
Yintai Gold Co. Ltd., Class A | 31,600 | 41,516 | ||||||
Yiren Digital Ltd., ADR *@ | 6,796 | 20,456 | ||||||
Yixintang Pharmaceutical Group Co. Ltd., Class A | 2,800 | 13,051 | ||||||
Yonghui Superstores Co. Ltd., Class A | 58,500 | 35,487 | ||||||
Youngor Group Co. Ltd., Class A | 11,500 | 11,407 | ||||||
Youzu Interactive Co. Ltd., Class A * | 8,100 | 14,690 | ||||||
Yum China Holdings, Inc. | 14,761 | 857,762 | ||||||
Yunda Holding Co. Ltd., Class A | 23,700 | 70,600 | ||||||
Yunnan Aluminium Co. Ltd., Class A * | 18,200 | 41,767 | ||||||
Yunnan Baiyao Group Co. Ltd., Class A | 2,000 | 30,265 | ||||||
Yunnan Copper Co. Ltd., Class A | 8,100 | 18,025 | ||||||
Yunnan Tin Co. Ltd., Class A * | 14,600 | 42,498 | ||||||
Yutong Bus Co. Ltd., Class A | 13,300 | 23,319 |
SHARES | VALUE | |||||||
Yuzhou Group Holdings Co. Ltd. | 199,550 | $ | 29,479 | |||||
Zhaojin Mining Industry Co. Ltd., Class H @ | 120,000 | 84,474 | ||||||
Zhefu Holding Group Co. Ltd., Class A | 16,400 | 19,186 | ||||||
Zhejiang Century Huatong Group Co. Ltd., Class A * | 39,280 | 44,981 | ||||||
Zhejiang Chint Electrics Co. Ltd., Class A | 13,100 | 114,739 | ||||||
Zhejiang Crystal-Optech Co. Ltd., Class A | 12,400 | 27,939 | ||||||
Zhejiang Dahua Technology Co. Ltd., Class A | 19,700 | 72,311 | ||||||
Zhejiang Hailiang Co. Ltd., Class A | 19,700 | 34,692 | ||||||
Zhejiang Hisoar Pharmaceutical Co. Ltd., Class A | 12,700 | 14,917 | ||||||
Zhejiang Jiahua Energy Chemical Industry Co. Ltd. | 9,000 | 14,805 | ||||||
Zhejiang Juhua Co. Ltd., Class A | 7,900 | 18,252 | ||||||
Zhejiang Longsheng Group Co. Ltd., Class A | 19,300 | 40,379 | ||||||
Zhejiang Medicine Co. Ltd., Class A | 10,400 | 26,394 | ||||||
Zhejiang Narada Power Source Co. Ltd., Class A | 9,800 | 18,047 | ||||||
Zhejiang NHU Co. Ltd., Class A | 10,200 | 42,396 | ||||||
Zhejiang Orient Financial Holdings Group Co. Ltd., Class A | 17,420 | 11,484 | ||||||
Zhejiang Satellite Petrochemical Co. Ltd., Class A | 6,048 | 36,529 | ||||||
Zhejiang Semir Garment Co. Ltd., Class A | 21,700 | 25,655 | ||||||
Zhejiang Wanfeng Auto Wheel Co. Ltd., Class A | 24,800 | 21,683 | ||||||
Zhejiang Wanliyang Co. Ltd., Class A | 11,400 | 19,105 | ||||||
Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A | 10,700 | 52,141 | ||||||
Zhejiang Yasha Decoration Co. Ltd., Class A | 16,000 | 18,471 | ||||||
Zhengzhou Coal Mining Machinery Group Co. Ltd., H Shares @ | 21,400 | 22,267 | ||||||
Zhenro Properties Group Ltd. @ | 93,000 | 50,773 | ||||||
Zhongji Innolight Co. Ltd., Class A | 3,700 | 19,971 | ||||||
Zhongjin Gold Corp. Ltd., Class A | 32,000 | 41,448 | ||||||
Zhongshan Broad Ocean Motor Co. Ltd., Class A | 22,200 | 23,258 | ||||||
Zhongsheng Group Holdings Ltd. | 14,000 | 112,760 | ||||||
Zhongtian Financial Group Co. Ltd., Class A * | 38,300 | 16,121 | ||||||
Zhou Hei Ya International Holdings Co. Ltd. ±@* | 57,000 | 57,845 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd., Class H * | 43,800 | 202,271 | ||||||
Zhuzhou Kibing Group Co. Ltd., Class A | 10,500 | 28,159 | ||||||
Zibo Qixiang Tengda Chemical Co. Ltd., Class A | 22,120 | 41,555 | ||||||
Zoomlion Heavy Industry Science & Technology Co. Ltd., H Shares | 85,800 | 76,821 | ||||||
ZTE Corp., H Shares | 55,800 | 183,500 | ||||||
ZTO Express Cayman, Inc. | 1,700 | 52,848 | ||||||
ZTO Express Cayman, Inc., ADR | 15,793 | 484,213 | ||||||
|
| |||||||
70,810,435 | ||||||||
|
| |||||||
Colombia 0.1% |
| |||||||
Bancolombia SA, ADR | 755 | 26,138 | ||||||
Cementos Argos SA | 31,937 | 49,443 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Colombia (Continued) |
| |||||||
CEMEX Latam Holdings SA * | 13,000 | $ | 11,949 | |||||
Grupo Argos SA | 29,921 | 87,693 | ||||||
Grupo de Inversiones Suramericana SA | 22,033 | 123,827 | ||||||
|
| |||||||
299,050 | ||||||||
|
| |||||||
Czech Republic 0.1% |
| |||||||
CEZ, AS | 6,411 | 208,802 | ||||||
Komercni banka as * | 2,478 | 100,416 | ||||||
|
| |||||||
309,218 | ||||||||
|
| |||||||
Greece 0.3% |
| |||||||
Alpha Services & Holdings SA * | 81,255 | 103,063 | ||||||
Autohellas Tourist and Trading SA | 1,184 | 10,684 | ||||||
Bank of Greece | 859 | 16,577 | ||||||
Ellaktor SA * | 5,906 | 9,030 | ||||||
Eurobank Ergasias Services & Holdings SA * | 150,057 | 140,793 | ||||||
Fourlis Holdings SA * | 3,046 | 14,113 | ||||||
Hellenic Petroleum SA | 3,804 | 24,808 | ||||||
JUMBO SA | 762 | 12,454 | ||||||
Motor Oil Hellas Corinth Refineries SA * | 2,176 | 33,272 | ||||||
Mytilineos SA | 5,774 | 94,305 | ||||||
National Bank of Greece SA * | 33,402 | 93,633 | ||||||
Piraeus Financial Holdings SA * | 1,862 | 3,009 | ||||||
|
| |||||||
555,741 | ||||||||
|
| |||||||
Hong Kong 0.1% |
| |||||||
Untrade CTEG @§ | 98,000 | | ||||||
Yuexiu Property Co. Ltd. | 135,006 | 126,948 | ||||||
|
| |||||||
126,948 | ||||||||
|
| |||||||
Hungary 0.2% |
| |||||||
MOL Hungarian Oil & Gas PLC | 51,666 | 430,288 | ||||||
OTP Bank Nyrt * | 1,398 | 82,005 | ||||||
|
| |||||||
512,293 | ||||||||
|
| |||||||
India 14.0% |
| |||||||
ACC Ltd. | 5,165 | 156,646 | ||||||
Adani Enterprises Ltd. | 12,586 | 248,236 | ||||||
Adani Ports & Special Economic Zone Ltd. | 15,271 | 151,707 | ||||||
Adani Transmission Ltd. * | 664 | 13,889 | ||||||
Aditya Birla Capital Ltd. * | 44,000 | 66,865 | ||||||
Allcargo Logistics Ltd. | 2,958 | 10,700 | ||||||
Ambuja Cements Ltd. | 41,841 | 225,756 | ||||||
Apollo Tyres Ltd. | 31,532 | 95,963 | ||||||
Arvind Fashions Ltd. * | 5,200 | 19,055 | ||||||
Arvind Ltd. * | 13,452 | 17,126 | ||||||
Aster DM Healthcare Ltd. *± | 5,299 | 14,842 | ||||||
Aurobindo Pharma Ltd. | 25,561 | 249,489 | ||||||
Axis Bank Ltd. * | 92,879 | 959,603 | ||||||
Axis Bank Ltd., GDR * | 2,495 | 127,494 | ||||||
Bajaj Holdings & Investment Ltd. | 3,496 | 227,015 | ||||||
Balrampur Chini Mills Ltd. | 14,783 | 72,693 | ||||||
Bank of Baroda * | 66,538 | 73,281 | ||||||
Bharat Electronics Ltd. | 88,362 | 240,941 | ||||||
Bharat Heavy Electricals Ltd. * | 96,730 | 84,054 | ||||||
Bharti Airtel Ltd. | 28,408 | 263,499 | ||||||
Birla Corp. Ltd. | 3,237 | 62,710 | ||||||
Birlasoft Ltd. | 13,059 | 72,071 | ||||||
Brigade Enterprises Ltd. | 1,061 | 5,860 | ||||||
Camlin Fine Sciences Ltd. * | 4,352 | 10,788 | ||||||
Canara Bank * | 25,002 | 58,170 | ||||||
Ceat Ltd. | 3,536 | 63,215 | ||||||
Central Bank of India * | 45,284 | 13,422 | ||||||
Century Textiles & Industries Ltd. | 2,026 | 25,479 | ||||||
Chambal Fertilizers and Chemicals Ltd. | 14,403 | 65,304 |
SHARES | VALUE | |||||||
Cholamandalam Financial Holdings Ltd. | 5,137 | $ | 47,742 | |||||
Cipla Ltd. | 32,099 | 424,441 | ||||||
City Union Bank Ltd. | 9,864 | 20,963 | ||||||
Cochin Shipyard Ltd. ± | 3,997 | 19,547 | ||||||
Container Corp. Of India Ltd. | 7,508 | 71,269 | ||||||
Cyient Ltd. | 7,451 | 107,006 | ||||||
Dalmia Bharat Ltd. | 5,110 | 145,533 | ||||||
DCB Bank Ltd. * | 19,962 | 24,459 | ||||||
DCM Shriram Ltd. | 4,319 | 58,593 | ||||||
Deepak Fertilisers & Petrochemicals Corp. Ltd. | 1,839 | 10,093 | ||||||
Dilip Buildcon Ltd. ± | 2,860 | 21,885 | ||||||
Dishman Carbogen Amcis Ltd. * | 5,292 | 14,255 | ||||||
DLF Ltd. | 37,826 | 212,552 | ||||||
eClerx Services Ltd. | 1,042 | 30,532 | ||||||
Edelweiss Financial Services Ltd. | 37,825 | 40,384 | ||||||
EID Parry India Ltd. * | 7,288 | 41,223 | ||||||
Escorts Ltd. | 6,126 | 121,955 | ||||||
Exide Industries Ltd. | 26,178 | 62,881 | ||||||
Federal Bank Ltd. | 161,831 | 184,009 | ||||||
Finolex Cables Ltd. | 3,726 | 24,727 | ||||||
Finolex Industries Ltd. | 6,330 | 17,798 | ||||||
Firstsource Solutions Ltd. | 20,730 | 54,654 | ||||||
Fortis Healthcare Ltd. * | 28,405 | 100,739 | ||||||
GAIL India Ltd. | 175,583 | 375,400 | ||||||
Gateway Distriparks Ltd. | 6,284 | 19,895 | ||||||
General Insurance Corp. of India *± | 7,543 | 14,725 | ||||||
GHCL Ltd. | 4,240 | 25,379 | ||||||
Glenmark Pharmaceuticals Ltd. | 12,966 | 89,060 | ||||||
Godfrey Phillips India Ltd. | 794 | 12,719 | ||||||
Granules India Ltd. | 17,305 | 74,661 | ||||||
Grasim Industries Ltd. | 22,682 | 510,263 | ||||||
Great Eastern Shipping Co. Ltd. (The) | 8,516 | 41,887 | ||||||
Gujarat Alkalies & Chemicals Ltd. | 2,551 | 23,086 | ||||||
Gujarat Ambuja Exports Ltd. | 4,383 | 10,239 | ||||||
Gujarat Fluorochemicals Ltd. * | 4,451 | 114,832 | ||||||
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 4,596 | 26,903 | ||||||
Gujarat Pipavav Port Ltd. | 19,498 | 29,118 | ||||||
Gujarat State Fertilizers & Chemicals Ltd. | 4,938 | 8,635 | ||||||
Gujarat State Petronet Ltd. | 17,561 | 74,689 | ||||||
HFCL Ltd. | 69,784 | 67,596 | ||||||
Hindalco Industries Ltd. | 170,691 | 1,122,188 | ||||||
Hinduja Global Solutions Ltd. | 613 | 23,702 | ||||||
Hindustan Aeronautics Ltd. | 2,011 | 36,703 | ||||||
ICICI Bank Ltd. | 15,316 | 144,829 | ||||||
ICICI Bank Ltd., ADR @ | 93,780 | 1,769,629 | ||||||
IDFC First Bank Ltd. * | 81,058 | 52,089 | ||||||
IDFC Ltd. * | 48,080 | 35,593 | ||||||
IFCI Ltd. * | 68,818 | 12,377 | ||||||
IIFL Finance Ltd. | 11,597 | 44,652 | ||||||
IIFL Securities Ltd. | 25,376 | 33,161 | ||||||
IIFL Wealth Management Ltd. | 2,805 | 59,269 | ||||||
India Cements Ltd. (The) | 18,543 | 50,287 | ||||||
Indiabulls Housing Finance Ltd. | 31,451 | 98,301 | ||||||
Indian Bank | 2,394 | 4,528 | ||||||
Indian Overseas Bank * | 30,989 | 9,581 | ||||||
Indus Towers Ltd. | 24,381 | 100,756 | ||||||
Jindal Saw Ltd. | 14,261 | 21,864 | ||||||
Jindal Stainless Hisar Ltd. * | 5,205 | 20,125 | ||||||
Jindal Stainless Ltd. * | 8,731 | 19,073 | ||||||
Jindal Steel & Power Ltd. * | 46,366 | 242,675 | ||||||
JK Cement Ltd. | 419 | 17,555 | ||||||
JK Paper Ltd. | 3,033 | 9,378 | ||||||
JK Tyre & Industries Ltd. | 10,161 | 20,629 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
India (Continued) |
| |||||||
JM Financial Ltd. | 26,872 | $ | 33,378 | |||||
JSW Energy Ltd. | 46,779 | 247,043 | ||||||
JSW Steel Ltd. | 94,084 | 846,696 | ||||||
Jubilant Ingrevia Ltd. | 9,690 | 98,431 | ||||||
Jubilant Pharmova Ltd. | 9,690 | 81,375 | ||||||
Kalpataru Power Transmission Ltd. | 5,415 | 29,472 | ||||||
Karnataka Bank Ltd. (The) | 14,840 | 13,625 | ||||||
Kaveri Seed Co. Ltd. | 2,043 | 15,922 | ||||||
KEC International Ltd. | 2,756 | 16,467 | ||||||
KEI Industries Ltd. | 1,528 | 19,029 | ||||||
KPR Mill Ltd. | 6,160 | 35,403 | ||||||
KRBL Ltd. | 2,340 | 10,025 | ||||||
L&T Finance Holdings Ltd. * | 78,972 | 96,710 | ||||||
Larsen & Toubro Ltd. | 9,327 | 214,115 | ||||||
Larsen & Toubro Ltd., GDR | 28,978 | 672,290 | ||||||
Laurus Labs Ltd. ± | 14,785 | 123,176 | ||||||
LIC Housing Finance Ltd. | 20,180 | 116,074 | ||||||
Lupin Ltd. | 22,898 | 292,227 | ||||||
Maharashtra Scooters Ltd. | 198 | 12,484 | ||||||
Mahindra & Mahindra Financial Services Ltd. | 63,808 | 158,945 | ||||||
Mahindra & Mahindra Ltd. | 65,830 | 711,401 | ||||||
Mahindra CIE Automotive Ltd. * | 6,907 | 21,821 | ||||||
Manappuram Finance Ltd. | 34,315 | 78,313 | ||||||
Mphasis Ltd. | 4,569 | 191,556 | ||||||
MRF Ltd. | 148 | 158,513 | ||||||
Natco Pharma Ltd. | 2,129 | 25,527 | ||||||
National Aluminium Co. Ltd. | 68,435 | 86,065 | ||||||
NCC Ltd. | 30,074 | 33,304 | ||||||
NMDC Ltd. | 47,585 | 91,673 | ||||||
Oberoi Realty Ltd. * | 7,850 | 102,054 | ||||||
Orient Cement Ltd. | 6,133 | 13,133 | ||||||
Persistent Systems Ltd. | 4,699 | 235,813 | ||||||
Petronet LNG Ltd. | 41,964 | 135,004 | ||||||
Phillips Carbon Black Ltd. | 5,693 | 20,861 | ||||||
Phoenix Mills Ltd. (The) | 4,600 | 59,431 | ||||||
Piramal Enterprises Ltd. | 6,545 | 229,034 | ||||||
PNB Housing Finance Ltd. *± | 4,224 | 35,225 | ||||||
PNC Infratech Ltd. | 4,201 | 22,293 | ||||||
Power Finance Corp. Ltd. | 83,351 | 159,790 | ||||||
Prestige Estates Projects Ltd. | 14,610 | 96,249 | ||||||
PTC India Ltd. | 11,759 | 18,313 | ||||||
Punjab National Bank * | 115,447 | 62,290 | ||||||
Quess Corp. Ltd. ± | 2,433 | 29,992 | ||||||
Rain Industries Ltd. | 17,328 | 56,494 | ||||||
Rajesh Exports Ltd. | 7,411 | 58,757 | ||||||
Rashtriya Chemicals & Fertilizers Ltd. | 7,262 | 8,086 | ||||||
Raymond Ltd. * | 3,276 | 20,218 | ||||||
RBL Bank Ltd. *± | 23,980 | 61,446 | ||||||
REC Ltd. | 93,608 | 198,875 | ||||||
Redington India Ltd. | 57,900 | 109,205 | ||||||
Reliance Industries Ltd. | 212,262 | 7,180,491 | ||||||
Shilpa Medicare Ltd. | 2,237 | 16,771 | ||||||
Shipping Corp. of India Ltd. | 14,166 | 23,178 | ||||||
Shriram City Union Finance Ltd. | 2,635 | 71,885 | ||||||
Shriram Transport Finance Co. Ltd. | 15,545 | 272,104 | ||||||
Sobha Ltd. | 6,105 | 64,654 | ||||||
State Bank of India | 62,809 | 383,314 | ||||||
State Bank of India, GDR | 5,260 | 323,490 |
SHARES | VALUE | |||||||
Steel Authority of India Ltd. | 89,762 | $ | 137,254 | |||||
Strides Pharma Science Ltd. | 5,470 | 43,361 | ||||||
Sun Pharmaceutical Industries Ltd. | 38,050 | 419,215 | ||||||
Sun TV Network Ltd. | 5,489 | 37,322 | ||||||
Sundaram-Clayton Ltd. | 221 | 10,206 | ||||||
Sunteck Realty Ltd. | 5,951 | 38,763 | ||||||
Tata Chemicals Ltd. | 13,719 | 170,038 | ||||||
Tata Coffee Ltd. | 1,997 | 5,483 | ||||||
Tata Consumer Products Ltd. | 32,805 | 359,263 | ||||||
Tata Motors Ltd. * | 178,887 | 804,211 | ||||||
Tata Motors Ltd., ADR *@ | 2,406 | 53,918 | ||||||
Tata Steel BSL Ltd. * | 28,400 | 32,388 | ||||||
Tata Steel Ltd. | 31,314 | 542,308 | ||||||
Tata Steel Ltd., GDR | 4,314 | 75,064 | ||||||
Tube Investments of India Ltd. | 2,032 | 38,052 | ||||||
TV18 Broadcast Ltd. * | 55,772 | 28,439 | ||||||
Uflex Ltd. | 3,166 | 23,035 | ||||||
Union Bank of India * | 36,541 | 17,821 | ||||||
UPL Ltd. | 26,872 | 256,384 | ||||||
VA Tech Wabag Ltd. * | 2,558 | 11,507 | ||||||
Vardhman Textiles Ltd. | 1,633 | 40,700 | ||||||
Vedanta Ltd. | 4,356 | 16,928 | ||||||
Vedanta Ltd., ADR | 11,177 | 170,785 | ||||||
Welspun Corp. Ltd. | 11,246 | 22,014 | ||||||
Welspun India Ltd. | 31,063 | 70,619 | ||||||
Wipro Ltd. | 109,767 | 939,920 | ||||||
Wockhardt Ltd. * | 4,111 | 25,183 | ||||||
Yes Bank Ltd. * | 193,770 | 32,762 | ||||||
Zee Entertainment Enterprises Ltd. | 43,000 | 176,136 | ||||||
Zensar Technologies Ltd. | 5,610 | 35,953 | ||||||
|
| |||||||
30,255,686 | ||||||||
|
| |||||||
Indonesia 1.6% |
| |||||||
Adaro Energy Tbk PT | 1,844,400 | 226,805 | ||||||
AKR Corporindo Tbk PT | 184,700 | 56,265 | ||||||
Astra Agro Lestari Tbk PT | 61,744 | 42,169 | ||||||
Astra International Tbk PT | 1,370,000 | 526,463 | ||||||
Astra Otoparts Tbk PT | 19,600 | 1,397 | ||||||
Bank Mandiri Persero Tbk PT | 710,600 | 305,341 | ||||||
Bank Maybank Indonesia Tbk PT | 568,800 | 13,274 | ||||||
Bank Negara Indonesia Persero Tbk PT | 499,366 | 187,535 | ||||||
Bank Pan Indonesia Tbk PT * | 626,700 | 32,621 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 173,300 | 16,467 | ||||||
Bank Pembangunan Daerah Jawa Timur Tbk PT | 403,000 | 20,273 | ||||||
Bank Tabungan Negara Persero Tbk PT * | 405,590 | 40,240 | ||||||
BISI International Tbk PT | 94,000 | 6,666 | ||||||
Buana Lintas Lautan Tbk PT * | 1,041,300 | 19,789 | ||||||
Bukit Asam Tbk PT | 339,600 | 65,488 | ||||||
Bumi Serpong Damai Tbk PT * | 435,700 | 30,442 | ||||||
Ciputra Development Tbk PT | 924,577 | 60,400 | ||||||
Delta Dunia Makmur Tbk PT * | 589,400 | 13,590 | ||||||
Erajaya Swasembada Tbk PT | 1,042,500 | 44,067 | ||||||
Gudang Garam Tbk PT | 38,200 | 86,876 | ||||||
Hanson International Tbk PT *§ | 5,335,700 | | ||||||
Indah Kiat Pulp & Paper Tbk PT | 294,700 | 176,563 | ||||||
Indo Tambangraya Megah Tbk PT | 52,800 | 76,733 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 62,100 | 45,558 | ||||||
Indofood Sukses Makmur Tbk PT | 407,500 | 180,795 | ||||||
Japfa Comfeed Indonesia Tbk PT | 567,600 | 78,324 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Indonesia (Continued) |
| |||||||
Link Net Tbk PT | 34,800 | $ | 9,799 | |||||
Lippo Karawaci Tbk PT * | 3,192,872 | 34,132 | ||||||
Medco Energi Internasional Tbk PT * | 1,248,052 | 47,960 | ||||||
Media Nusantara Citra Tbk PT | 629,000 | 36,696 | ||||||
Mitra Adiperkasa Tbk PT * | 270,500 | 14,742 | ||||||
MNC Vision Networks Tbk PT * | 1,301,600 | 21,644 | ||||||
Pabrik Kertas Tjiwi Kimia Tbk PT | 104,600 | 58,101 | ||||||
Panin Financial Tbk PT * | 1,598,900 | 20,108 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 296,500 | 25,274 | ||||||
PP Persero Tbk PT * | 442,900 | 33,730 | ||||||
Ramayana Lestari Sentosa Tbk PT * | 70,400 | 3,369 | ||||||
Sawit Sumbermas Sarana Tbk PT | 240,200 | 15,356 | ||||||
Semen Indonesia Persero Tbk PT | 203,700 | 116,705 | ||||||
Sri Rejeki Isman Tbk PT *<> | 996,900 | 7,627 | ||||||
Surya Semesta Internusa Tbk PT * | 393,100 | 13,678 | ||||||
Timah Tbk PT * | 116,300 | 12,270 | ||||||
Tunas Baru Lampung Tbk PT | 317,700 | 18,535 | ||||||
United Tractors Tbk PT | 182,800 | 332,073 | ||||||
Vale Indonesia Tbk PT | 184,400 | 59,137 | ||||||
Waskita Karya Persero Tbk PT * | 606,100 | 35,360 | ||||||
Wijaya Karya Persero Tbk PT * | 459,200 | 38,821 | ||||||
XL Axiata Tbk PT | 426,800 | 90,653 | ||||||
|
| |||||||
3,399,911 | ||||||||
|
| |||||||
Korea 14.4% |
| |||||||
AK Holdings, Inc. | 449 | 10,220 | ||||||
AMOREPACIFIC Group | 612 | 25,354 | ||||||
Aprogen Medicines, Inc. * | 11,871 | 19,000 | ||||||
Aprogen pharmaceuticals, Inc. * | 18,660 | 16,627 | ||||||
Asia Paper Manufacturing Co. Ltd. | 567 | 21,334 | ||||||
BGF Co. Ltd. | 4,970 | 25,102 | ||||||
Binggrae Co. Ltd. | 417 | 19,899 | ||||||
BNK Financial Group, Inc. | 20,319 | 151,706 | ||||||
Capro Corp. * | 3,814 | 16,332 | ||||||
Chongkundang Holdings Corp. | 196 | 14,121 | ||||||
CJ CheilJedang Corp. | 926 | 320,268 | ||||||
CJ Corp. | 2,104 | 175,570 | ||||||
CJ ENM Co. Ltd. | 149 | 19,053 | ||||||
CJ Logistics Corp. * | 395 | 51,043 | ||||||
Dae Han Flour Mills Co. Ltd. | 157 | 21,548 | ||||||
Daesang Corp. | 2,426 | 49,790 | ||||||
Daewoo Engineering & Construction Co. Ltd. * | 18,960 | 108,091 | ||||||
Daewoo Shipbuilding & Marine Engineering Co. Ltd. * | 5,100 | 115,870 | ||||||
Daihan Pharmaceutical Co. Ltd. | 296 | 7,675 | ||||||
Daishin Securities Co. Ltd. | 3,671 | 64,180 | ||||||
Daou Technology, Inc. | 2,149 | 44,468 | ||||||
DB Insurance Co. Ltd. | 5,483 | 294,526 | ||||||
DGB Financial Group, Inc. | 20,001 | 167,745 | ||||||
DL E&C Co. Ltd. * | 1,923 | 217,637 | ||||||
DL Holdings Co. Ltd. | 1,534 | 98,337 | ||||||
Dong-A ST Co. Ltd. | 233 | 14,799 | ||||||
Dongkuk Steel Mill Co. Ltd. | 6,894 | 106,845 | ||||||
Dongkuk Structures & Construction Co. Ltd. | 3,960 | 20,201 | ||||||
Dongwha Pharm Co. Ltd. | 736 | 11,096 | ||||||
Dongwon Development Co. Ltd. | 7,412 | 35,683 | ||||||
Dongwon F&B Co. Ltd. | 128 | 22,216 | ||||||
Dongwon Industries Co. Ltd. | 143 | 27,839 | ||||||
Doosan Bobcat, Inc. * | 4,635 | 156,784 | ||||||
Doosan Co. Ltd. | 633 | 53,249 |
SHARES | VALUE | |||||||
Doosan Heavy Industries & Construction Co. Ltd. * | 4,896 | $ | 84,977 | |||||
Doosan Infracore Co. Ltd. * | 4,946 | 39,936 | ||||||
DoubleUGames Co. Ltd. | 222 | 11,813 | ||||||
DTR Automotive Corp. | 17 | 672 | ||||||
E-MART, Inc. | 1,350 | 187,563 | ||||||
Easy Holdings Co. Ltd. | 5,023 | 21,254 | ||||||
Eugene Investment & Securities Co. Ltd. | 8,694 | 28,160 | ||||||
GS Engineering & Construction Corp. | 6,265 | 226,207 | ||||||
GS Holdings Corp. | 5,177 | 195,668 | ||||||
GS Retail Co. Ltd. | 2,919 | 80,494 | ||||||
Halla Holdings Corp. | 1,090 | 51,094 | ||||||
Han Kuk Carbon Co. Ltd. | 2,014 | 20,157 | ||||||
Hana Financial Group, Inc. | 24,587 | 963,545 | ||||||
Handok, Inc. | 492 | 10,305 | ||||||
Handsome Co. Ltd. | 1,312 | 43,881 | ||||||
Hanil Holdings Co. Ltd. | 955 | 11,373 | ||||||
Hanjin Transportation Co. Ltd. | 1,142 | 35,880 | ||||||
Hankook Tire & Technology Co. Ltd. | 8,138 | 297,271 | ||||||
Hansol Paper Co. Ltd. | 2,232 | 30,633 | ||||||
Hansol Technics Co. Ltd. * | 1,664 | 9,796 | ||||||
Hanwha Aerospace Co. Ltd. | 3,511 | 148,862 | ||||||
Hanwha Corp. | 3,953 | 114,350 | ||||||
Hanwha General Insurance Co. Ltd. * | 8,055 | 30,648 | ||||||
Hanwha Investment & Securities Co. Ltd. * | 13,449 | 49,468 | ||||||
Hanwha Life Insurance Co. Ltd. | 20,246 | 61,730 | ||||||
Hanwha Solutions Corp. * | 9,139 | 345,800 | ||||||
Harim Holdings Co. Ltd. | 3,907 | 31,216 | ||||||
HDC Hyundai Development Co.-Engineering & Construction, Class E | 2,554 | 59,320 | ||||||
HS Industries Co. Ltd. | 3,615 | 20,853 | ||||||
Huchems Fine Chemical Corp. | 548 | 13,422 | ||||||
Hy-Lok Corp. | 918 | 14,111 | ||||||
Hyosung Corp. | 902 | 88,753 | ||||||
Hyosung Heavy Industries Corp. * | 306 | 19,952 | ||||||
Hyundai Construction Equipment Co. Ltd. * | 1,558 | 53,951 | ||||||
Hyundai Department Store Co. Ltd. | 1,286 | 86,783 | ||||||
Hyundai Electric & Energy System Co. Ltd. * | 1,980 | 46,490 | ||||||
Hyundai Engineering & Construction Co. Ltd. | 4,831 | 209,724 | ||||||
Hyundai Futurenet Co. Ltd. | 3,997 | 15,698 | ||||||
Hyundai Glovis Co. Ltd. | 307 | 43,172 | ||||||
Hyundai Greenfood Co. Ltd. | 5,396 | 42,566 | ||||||
Hyundai Heavy Industries Holdings Co. Ltd. | 3,175 | 173,499 | ||||||
Hyundai Home Shopping Network Corp. | 716 | 42,936 | ||||||
Hyundai Livart Furniture Co. Ltd. | 1,625 | 23,606 | ||||||
Hyundai Marine & Fire Insurance Co. Ltd. | 6,794 | 146,037 | ||||||
Hyundai Mipo Dockyard Co. Ltd. * | 1,444 | 85,250 | ||||||
Hyundai Mobis Co. Ltd. | 3,743 | 799,813 | ||||||
Hyundai Motor Co. | 7,688 | 1,298,649 | ||||||
Hyundai Motor Securities Co. Ltd. | 1,658 | 17,714 | ||||||
Hyundai Steel Co. | 5,647 | 225,832 | ||||||
Hyundai Wia Corp. | 941 | 62,627 | ||||||
Industrial Bank of Korea | 21,945 | 194,614 | ||||||
Innocean Worldwide, Inc. | 407 | 20,763 | ||||||
Interpark Corp. | 7,348 | 44,311 | ||||||
INTOPS Co. Ltd. | 1,491 | 32,175 | ||||||
IS Dongseo Co. Ltd. | 1,364 | 53,512 | ||||||
Jahwa Electronics Co. Ltd. * | 1,250 | 19,109 | ||||||
JB Financial Group Co. Ltd. | 14,347 | 108,208 | ||||||
Kangwon Land, Inc. * | 1,835 | 44,403 | ||||||
KB Financial Group, Inc., ADR @ | 35,210 | 1,634,096 | ||||||
KC Co. Ltd. | 887 | 16,631 | ||||||
KC Tech Co. Ltd. | 463 | 9,483 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Korea (Continued) |
| |||||||
KCC Corp. | 293 | $ | 102,946 | |||||
KCC Glass Corp. | 444 | 25,875 | ||||||
Kia Corp. | 16,414 | 1,125,690 | ||||||
KISWIRE Ltd. | 1,072 | 27,705 | ||||||
KIWOOM Securities Co. Ltd. | 1,398 | 129,882 | ||||||
Kolmar Korea Holdings Co. Ltd. | 830 | 15,598 | ||||||
Kolon Industries, Inc. | 2,186 | 184,259 | ||||||
Korea Asset In Trust Co. Ltd. | 5,452 | 20,998 | ||||||
Korea Electric Terminal Co. Ltd. | 682 | 43,604 | ||||||
Korea Investment Holdings Co. Ltd. | 3,650 | 266,043 | ||||||
Korea Line Corp. * | 16,631 | 40,875 | ||||||
Korea Petrochemical Ind Co. Ltd. | 384 | 69,730 | ||||||
Korea Real Estate Investment & Trust Co. Ltd. | 13,613 | 28,169 | ||||||
Korea Shipbuilding & Offshore Engineering Co. Ltd. * | 2,470 | 212,787 | ||||||
Korea Zinc Co. Ltd. | 678 | 288,035 | ||||||
Korean Air Lines Co. Ltd. * | 8,157 | 232,171 | ||||||
Korean Reinsurance Co. | 8,995 | 72,629 | ||||||
KT Skylife Co. Ltd. | 3,507 | 29,472 | ||||||
KT&G Corp. | 6,668 | 457,299 | ||||||
Kumho Petrochemical Co. Ltd. | 291 | 46,452 | ||||||
Kumho Tire Co., Inc. * | 7,034 | 32,734 | ||||||
Kwang Dong Pharmaceutical Co. Ltd. | 5,019 | 33,955 | ||||||
Kyobo Securities Co. Ltd. | 2,156 | 15,478 | ||||||
LF Corp. | 3,054 | 46,171 | ||||||
LG Corp. | 5,347 | 419,992 | ||||||
LG Display Co. Ltd. *@ | 12,166 | 194,718 | ||||||
LG Display Co. Ltd., ADR *@ | 33,235 | 264,218 | ||||||
LG Electronics, Inc. | 10,656 | 1,147,500 | ||||||
LG HelloVision Co. Ltd. | 4,225 | 25,371 | ||||||
LG Uplus Corp. | 15,900 | 201,436 | ||||||
Lotte Chemical Corp. | 1,056 | 215,392 | ||||||
Lotte Chilsung Beverage Co. Ltd. | 274 | 34,134 | ||||||
Lotte Confectionery Co. Ltd. | 72 | 7,723 | ||||||
Lotte Corp. | 1,582 | 45,028 | ||||||
LOTTE Fine Chemical Co. Ltd. | 2,119 | 163,220 | ||||||
Lotte Food Co. Ltd. | 34 | 11,889 | ||||||
LOTTE Himart Co. Ltd. | 1,461 | 36,710 | ||||||
Lotte Shopping Co. Ltd. | 641 | 55,492 | ||||||
LS Corp. | 1,543 | 83,666 | ||||||
LX Hausys Ltd. | 666 | 44,213 | ||||||
LX Holdings Corp. * | 2,593 | 20,827 | ||||||
LX International Corp. | 3,459 | 101,082 | ||||||
Maeil Dairies Co. Ltd. | 341 | 20,736 | ||||||
Mando Corp. * | 493 | 23,776 | ||||||
Meritz Financial Group, Inc. | 4,689 | 133,264 | ||||||
Meritz Fire & Marine Insurance Co. Ltd. | 4,920 | 126,948 | ||||||
Meritz Securities Co. Ltd. | 31,284 | 130,790 | ||||||
Mirae Asset Securities Co. Ltd. | 28,671 | 209,705 | ||||||
Muhak Co. Ltd. | 2,076 | 19,638 | ||||||
Namyang Dairy Products Co. Ltd. | 41 | 14,838 | ||||||
Neowiz * | 1,039 | 20,403 | ||||||
Nexen Corp. | 2,630 | 11,195 | ||||||
Nexen Tire Corp. | 5,151 | 33,803 | ||||||
NH Investment & Securities Co. Ltd. | 10,116 | 110,217 | ||||||
NHN Corp. * | 1,188 | 70,437 | ||||||
NICE Holdings Co. Ltd. | 708 | 10,644 | ||||||
Nong Shim Holdings Co. Ltd. | 185 | 11,563 |
SHARES | VALUE | |||||||
NongShim Co. Ltd. | 255 | $ | 60,842 | |||||
NS Shopping Co. Ltd. | 1,784 | 21,923 | ||||||
OCI Co. Ltd. * | 1,256 | 170,791 | ||||||
Orion Holdings Corp. | 2,572 | 36,060 | ||||||
Ottogi Corp. | 38 | 15,791 | ||||||
Pan Ocean Co. Ltd. | 22,750 | 145,070 | ||||||
Partron Co. Ltd. | 2,142 | 16,771 | ||||||
Poongsan Corp. | 1,950 | 54,844 | ||||||
POSCO | 984 | 274,257 | ||||||
Posco International Corp. | 4,654 | 93,945 | ||||||
POSCO, ADR | 17,853 | 1,231,321 | ||||||
Power Logics Co. Ltd. * | 2,246 | 16,769 | ||||||
S-MAC Co. Ltd. * | 9,909 | 10,001 | ||||||
S-Oil Corp. | 238 | 22,111 | ||||||
Sajo Industries Co. Ltd. | 327 | 14,030 | ||||||
Samjin Pharmaceutical Co. Ltd. | 808 | 17,095 | ||||||
Samsung C&T Corp. | 4,716 | 491,914 | ||||||
Samsung Card Co. Ltd. | 2,083 | 59,464 | ||||||
Samsung Electronics Co. Ltd. | 22,336 | 1,397,886 | ||||||
Samsung Electronics Co. Ltd., GDR | 718 | 1,121,875 | ||||||
Samsung Fire & Marine Insurance Co. Ltd. | 3,292 | 653,395 | ||||||
Samsung Heavy Industries Co. Ltd. * | 27,918 | 146,192 | ||||||
Samsung Life Insurance Co. Ltd. | 4,444 | 275,498 | ||||||
Samsung Securities Co. Ltd. | 4,339 | 175,539 | ||||||
Samyang Corp. | 427 | 25,606 | ||||||
Samyang Holdings Corp. | 409 | 38,516 | ||||||
Sangsangin Co. Ltd. * | 4,957 | 36,926 | ||||||
SeAH Steel Holdings Corp. | 235 | 27,787 | ||||||
Sebang Co. Ltd. | 1,306 | 14,174 | ||||||
Sebang Global Battery Co. Ltd. | 697 | 50,156 | ||||||
Seohan Co. Ltd. | 5,607 | 9,400 | ||||||
Seoul Semiconductor Co. Ltd. | 1,842 | 23,881 | ||||||
Shinhan Financial Group Co. Ltd. | 23,813 | 812,538 | ||||||
Shinhan Financial Group Co. Ltd., ADR | 10,789 | 363,266 | ||||||
Shinsegae, Inc. | 629 | 139,984 | ||||||
Shinyoung Securities Co. Ltd. | 511 | 27,190 | ||||||
SK Discovery Co. Ltd. | 1,247 | 50,396 | ||||||
SK Gas Ltd. | 364 | 49,497 | ||||||
SK Hynix, Inc. | 17,334 | 1,507,941 | ||||||
SK Innovation Co. Ltd. * | 1,578 | 353,184 | ||||||
SK Networks Co. Ltd. | 12,838 | 55,949 | ||||||
SK Securities Co. Ltd. | 36,346 | 27,260 | ||||||
SK, Inc. | 2,676 | 605,716 | ||||||
SL Corp. | 1,820 | 41,965 | ||||||
SNT Motiv Co. Ltd. | 1,086 | 46,595 | ||||||
Solus Advanced Materials Co. Ltd. | 1,715 | 103,566 | ||||||
Songwon Industrial Co. Ltd. | 1,925 | 32,598 | ||||||
Soulbrain Holdings Co. Ltd. * | 523 | 17,492 | ||||||
Spigen Korea Co. Ltd. | 361 | 14,940 | ||||||
Suheung Co. Ltd. | 475 | 20,781 | ||||||
Sungwoo Hitech Co. Ltd. | 3,959 | 19,327 | ||||||
Sunjin Co. Ltd. | 941 | 11,445 | ||||||
Taekwang Industrial Co. Ltd. | 36 | 33,750 | ||||||
Taeyoung Engineering & Construction Co. Ltd. | 2,546 | 24,944 | ||||||
Theragen Etex Co. Ltd. * | 2,386 | 15,033 | ||||||
Tongyang, Inc. | 18,180 | 24,337 | ||||||
Toptec Co. Ltd. | 1,934 | 15,583 | ||||||
TY Holdings Co. Ltd. * | 2,455 | 59,405 | ||||||
Unid Co. Ltd. | 672 | 74,635 | ||||||
WiSoL Co. Ltd. | 914 | 8,492 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Korea (Continued) |
| |||||||
Wonik Holdings Co. Ltd. * | 5,077 | $ | 22,469 | |||||
Woori Financial Group, Inc. | 41,228 | 405,664 | ||||||
Young Poong Corp. | 46 | 25,914 | ||||||
Youngone Corp. | 2,640 | 98,443 | ||||||
Youngone Holdings Co. Ltd. | 787 | 31,440 | ||||||
Yuanta Securities Korea Co. Ltd. | 11,552 | 39,759 | ||||||
|
| |||||||
30,925,477 | ||||||||
|
| |||||||
Malaysia 1.7% |
| |||||||
Aeon Co. M Bhd | 64,400 | 23,074 | ||||||
Alliance Financial Group Bhd | 118,600 | 72,806 | ||||||
AMMB Holdings Bhd * | 220,887 | 167,782 | ||||||
Batu Kawan Bhd | 18,200 | 90,424 | ||||||
Boustead Plantations Bhd | 55,720 | 8,185 | ||||||
Bumi Armada Bhd * | 264,700 | 29,084 | ||||||
Cahya Mata Sarawak Bhd | 68,100 | 20,496 | ||||||
CIMB Group Holdings Bhd | 506,722 | 578,558 | ||||||
DRB-Hicom Bhd | 119,100 | 46,656 | ||||||
Ekovest Bhd | 165,800 | 15,445 | ||||||
Gamuda Bhd * | 145,185 | 104,385 | ||||||
Genting Bhd | 159,000 | 191,415 | ||||||
Genting Malaysia Bhd | 182,600 | 130,849 | ||||||
HAP Seng Consolidated Bhd | 18,200 | 34,561 | ||||||
Hengyuan Refining Co. Bhd | 9,900 | 10,263 | ||||||
Hibiscus Petroleum Bhd | 140,200 | 23,442 | ||||||
Hong Leong Financial Group Bhd | 29,521 | 129,042 | ||||||
IJM Corp. Bhd | 250,560 | 108,328 | ||||||
IOI Properties Group Bhd | 50,050 | 14,346 | ||||||
Lotte Chemical Titan Holding Bhd ± | 36,723 | 23,157 | ||||||
Magnum Bhd | 86,961 | 42,374 | ||||||
Mah Sing Group Bhd | 205,885 | 34,671 | ||||||
Malayan Banking Bhd | 274,144 | 527,137 | ||||||
Malaysia Airports Holdings Bhd * | 31,300 | 51,587 | ||||||
Malaysia Building Society Bhd | 205,001 | 29,625 | ||||||
Malaysian Resources Corp. Bhd | 136,329 | 12,863 | ||||||
Matrix Concepts Holdings Bhd | 42,800 | 20,958 | ||||||
Mega First Corp. Bhd | 12,800 | 11,221 | ||||||
MISC Bhd | 94,320 | 155,679 | ||||||
MKH Bhd | 36,950 | 11,386 | ||||||
MMC Corp. Bhd | 61,400 | 28,599 | ||||||
Oriental Holdings Bhd | 25,760 | 31,381 | ||||||
OSK Holdings Bhd | 74,455 | 15,206 | ||||||
Pos Malaysia Bhd * | 53,800 | 8,931 | ||||||
PPB Group Bhd | 37,500 | 164,457 | ||||||
RHB Capital Bhd | 180,517 | 235,429 | ||||||
Sarawak Oil Palms Bhd | 20,500 | 17,579 | ||||||
Sime Darby Bhd | 293,600 | 159,196 | ||||||
Sime Darby Property Bhd | 308,000 | 48,188 | ||||||
SP Setia Bhd Group * | 143,480 | 42,155 | ||||||
Sunway Bhd | 96,197 | 38,833 | ||||||
Ta Ann Holdings Bhd | 60 | 42 | ||||||
United Malacca Bhd | 14,600 | 17,576 | ||||||
UOA Development Bhd | 14,100 | 5,591 | ||||||
WCT Holdings Bhd * | 115,937 | 17,170 | ||||||
YTL Corp. Bhd | 464,943 | 67,745 | ||||||
|
| |||||||
3,617,877 | ||||||||
|
| |||||||
Mexico 2.1% |
| |||||||
ALEATICA SAB de CV * | 17,691 | 17,244 | ||||||
Alfa SAB de CV, Class A | 260,453 | 180,815 | ||||||
Alpek SAB de CV | 27,384 | 30,937 | ||||||
Arca Continental SAB de CV | 21,120 | 128,594 | ||||||
Banco del Bajio SA ± | 52,670 | 99,846 | ||||||
Cemex SAB de CV * | 605,139 | 437,111 |
SHARES | VALUE | |||||||
Coca-Cola Femsa SAB de CV | 24,353 | $ | 137,471 | |||||
Consorcio ARA SAB de CV | 72,788 | 15,163 | ||||||
Corp. Actinver SAB de CV | 15,700 | 8,367 | ||||||
El Puerto de Liverpool SAB de CV, Series C1 | 8,547 | 35,105 | ||||||
Fomento Economico Mexicano SAB de CV | 3,768 | 32,688 | ||||||
GCC SAB de CV | 9,847 | 73,599 | ||||||
Genomma Lab Internacional SAB de CV, Series B * | 22,030 | 20,918 | ||||||
Gentera SAB de CV * | 67,054 | 38,885 | ||||||
Grupo Carso SAB de CV, Series A1 | 24,499 | 84,803 | ||||||
Grupo Comercial Chedraui SA de CV | 35,832 | 62,146 | ||||||
Grupo Elektra SAB de CV | 693 | 52,804 | ||||||
Grupo Financiero Banorte SAB de CV, Class O | 142,853 | 915,535 | ||||||
Grupo Financiero Inbursa SAB de CV, Class O * | 133,245 | 125,489 | ||||||
Grupo Hotelero Santa Fe SAB de CV * | 22,600 | 5,157 | ||||||
Grupo Mexico SAB de CV, Series B | 158,955 | 632,077 | ||||||
Grupo Sanborns SAB de CV * | 34,641 | 38,599 | ||||||
Grupo Televisa SAB | 189,926 | 417,917 | ||||||
Industrias Bachoco SAB de CV, ADR @ | 1,239 | 54,764 | ||||||
Industrias Bachoco SAB de CV, Series B | 5,634 | 20,654 | ||||||
Industrias CH SAB de CV, Series B * | 23,916 | 190,016 | ||||||
Industrias Penoles SAB de CV * | 8,090 | 95,541 | ||||||
La Comer SAB de CV | 37,216 | 62,996 | ||||||
Megacable Holdings SAB de CV | 16,872 | 51,405 | ||||||
Minera Frisco SAB de CV, Class A1 * | 52,254 | 9,113 | ||||||
Nemak SAB de CV *± | 122,975 | 31,278 | ||||||
Orbia Advance Corp. SAB de CV | 64,269 | 164,989 | ||||||
Organizacion Soriana SAB de CV, Class B * | 57,868 | 73,143 | ||||||
Promotora y Operadora de Infraestructura SAB de CV | 9,925 | 68,595 | ||||||
Promotora y Operadora de Infraestructura SAB de CV, Class L | 1,600 | 7,596 | ||||||
Unifin Financiera SAB de CV * | 10,214 | 14,845 | ||||||
|
| |||||||
4,436,205 | ||||||||
|
| |||||||
Netherlands 0.0% |
| |||||||
Astarta Holding NV | 1,115 | 13,681 | ||||||
|
| |||||||
Philippines 0.7% |
| |||||||
Alliance Global Group, Inc. | 253,300 | 51,147 | ||||||
Ayala Corp. | 9,410 | 150,715 | ||||||
Bank of the Philippine Islands | 67,429 | 107,667 | ||||||
BDO Unibank, Inc. | 94,817 | 205,582 | ||||||
Belle Corp. * | 176,000 | 4,589 | ||||||
Cebu Air, Inc. * | 23,560 | 17,967 | ||||||
CEMEX Holdings Philippines, Inc. *± | 324,537 | 8,016 | ||||||
China Banking Corp. | 74,676 | 35,354 | ||||||
Cosco Capital, Inc. | 257,000 | 25,393 | ||||||
DMCI Holdings, Inc. | 385,900 | 53,713 | ||||||
East West Banking Corp. * | 27,450 | 4,800 | ||||||
Filinvest Land, Inc. | 1,435,000 | 30,945 | ||||||
First Philippine Holdings Corp. | 26,510 | 38,744 | ||||||
GT Capital Holdings, Inc. | 3,472 | 34,713 | ||||||
JG Summit Holdings, Inc. | 152,183 | 193,921 | ||||||
LT Group, Inc. | 132,300 | 26,195 | ||||||
Megaworld Corp. | 1,004,700 | 56,134 | ||||||
Metropolitan Bank & Trust Co. | 120,747 | 103,443 | ||||||
Puregold Price Club, Inc. | 33,600 | 29,312 | ||||||
Rizal Commercial Banking Corp. | 47,790 | 17,332 | ||||||
Robinsons Land Corp. | 247,455 | 77,618 | ||||||
Robinsons Retail Holdings, Inc. | 43,490 | 44,163 | ||||||
San Miguel Corp. | 41,650 | 93,817 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Philippines (Continued) |
| |||||||
Security Bank Corp. | 23,180 | $ | 48,169 | |||||
Top Frontier Investment Holdings, Inc. * | 4,630 | 11,800 | ||||||
Union Bank of the Philippines | 24,340 | 40,415 | ||||||
Vista Land & Lifescapes, Inc. | 491,200 | 33,703 | ||||||
|
| |||||||
1,545,367 | ||||||||
|
| |||||||
Poland 0.8% |
| |||||||
AB SA | 845 | 11,898 | ||||||
Alior Bank SA * | 6,050 | 65,410 | ||||||
Amica SA | 306 | 10,771 | ||||||
Asseco Poland SA | 3,222 | 70,965 | ||||||
Bank Handlowy w Warszawie SA | 2,875 | 32,746 | ||||||
Bank Millennium SA * | 61,785 | 104,703 | ||||||
Ciech SA | 1,973 | 20,587 | ||||||
Develia SA | 16,364 | 15,840 | ||||||
Echo Investment SA | 1,732 | 1,920 | ||||||
Enea SA * | 15,105 | 35,244 | ||||||
Famur SA * | 51,375 | 36,685 | ||||||
Grupa Azoty SA * | 5,354 | 37,692 | ||||||
Grupa Lotos SA * | 8,588 | 127,398 | ||||||
Jastrzebska Spolka Weglowa SA * | 2,892 | 40,531 | ||||||
Kernel Holding SA | 6,315 | 95,426 | ||||||
KGHM Polska Miedz SA | 896 | 35,516 | ||||||
mBank SA * | 1,049 | 108,401 | ||||||
PGE Polska Grupa Energetyczna SA * | 69,342 | 155,692 | ||||||
Polski Koncern Naftowy Orlen SA | 29,848 | 615,534 | ||||||
Santander Bank Polska SA * | 161 | 12,152 | ||||||
Tauron Polska Energia SA * | 107,603 | 90,362 | ||||||
|
| |||||||
1,725,473 | ||||||||
|
| |||||||
Russia 1.7% |
| |||||||
Gazprom PAO, ADR | 162,760 | 1,625,321 | ||||||
Lukoil PJSC, ADR | 18,875 | 1,808,603 | ||||||
RusHydro PJSC, ADR | 61,905 | 66,238 | ||||||
VTB Bank PJSC, GDR * | 92,145 | 127,345 | ||||||
|
| |||||||
3,627,507 | ||||||||
|
| |||||||
Singapore 0.0% |
| |||||||
China XLX Fertiliser Ltd. | 24,000 | 18,806 | ||||||
|
| |||||||
South Africa 4.1% |
| |||||||
Absa Group Ltd. @ | 40,917 | 414,829 | ||||||
Advtech Ltd. | 40,887 | 45,723 | ||||||
Aeci Ltd. | 11,902 | 83,890 | ||||||
African Rainbow Minerals Ltd. @ | 9,314 | 117,276 | ||||||
Alexander Forbes Group Holdings Ltd. | 100,385 | 27,665 | ||||||
AngloGold Ashanti Ltd., ADR | 16,757 | 267,944 | ||||||
Aspen Pharmacare Holdings Ltd. | 21,622 | 389,013 | ||||||
Astral Foods Ltd. | 5,245 | 61,451 | ||||||
Barloworld Ltd. | 20,449 | 167,000 | ||||||
Bidvest Group Ltd. (The) | 5,450 | 70,936 | ||||||
DataTec Ltd. | 27,420 | 69,921 | ||||||
Discovery Ltd. * | 25,478 | 231,588 | ||||||
Exxaro Resources Ltd. @ | 16,359 | 174,934 | ||||||
FirstRand Ltd. | 42,893 | 183,749 | ||||||
Gold Fields Ltd., ADR | 59,766 | 485,300 | ||||||
Grindrod Ltd. *@ | 33,342 | 10,628 | ||||||
Grindrod Shipping Holdings Ltd. * | 905 | 13,798 | ||||||
Harmony Gold Mining Co. Ltd., ADR @ | 25,436 | 80,123 | ||||||
Impala Platinum Holdings Ltd. | 50,118 | 571,346 | ||||||
Imperial Logistics Ltd. | 19,398 | 79,608 |
SHARES | VALUE | |||||||
Investec Ltd. | 21,334 | $ | 92,724 | |||||
KAP Industrial Holdings Ltd. | 75,439 | 24,397 | ||||||
Lewis Group Ltd. | 3,337 | 9,196 | ||||||
Liberty Holdings Ltd. * | 2,624 | 16,380 | ||||||
Life Healthcare Group Holdings Ltd. * | 128,351 | 194,247 | ||||||
Long4Life Ltd. * | 66,407 | 19,359 | ||||||
Metair Investments Ltd. | 23,331 | 47,425 | ||||||
Momentum Metropolitan Holdings | 100,980 | 140,083 | ||||||
Motus Holdings Ltd. | 16,843 | 113,828 | ||||||
Mpact Ltd. * | 15,365 | 30,100 | ||||||
MTN Group Ltd. * | 167,369 | 1,571,132 | ||||||
Murray & Roberts Holdings Ltd. * | 24,454 | 19,438 | ||||||
Nedbank Group Ltd. | 22,549 | 262,135 | ||||||
Ninety One Ltd. | 10,667 | 35,708 | ||||||
Oceana Group Ltd. | 7,336 | 32,416 | ||||||
Old Mutual Ltd. | 280,462 | 308,608 | ||||||
Omnia Holdings Ltd. | 16,030 | 68,894 | ||||||
Pepkor Holdings Ltd. *± | 25,371 | 36,341 | ||||||
PPC Ltd. * | 147,503 | 42,903 | ||||||
Raubex Group Ltd. | 16,897 | 40,698 | ||||||
Reunert Ltd. | 17,924 | 56,550 | ||||||
RFG Holdings Ltd. | 12,062 | 10,077 | ||||||
Royal Bafokeng Platinum Ltd. | 7,872 | 38,804 | ||||||
Sanlam Ltd. | 6,510 | 27,633 | ||||||
Sappi Ltd. * | 60,922 | 161,825 | ||||||
Sasol Ltd. * | 25,120 | 476,135 | ||||||
Sasol Ltd., ADR *@ | 4,634 | 87,305 | ||||||
Sibanye Stillwater Ltd. | 69,281 | 214,025 | ||||||
Standard Bank Group Ltd. | 87,726 | 834,107 | ||||||
Super Group Ltd. * | 41,508 | 100,526 | ||||||
Telkom SA SOC Ltd. * | 28,405 | 83,242 | ||||||
Tiger Brands Ltd. | 2,333 | 29,013 | ||||||
Wilson Bayly Holmes-Ovcon Ltd. * | 5,488 | 43,095 | ||||||
|
| |||||||
8,815,071 | ||||||||
|
| |||||||
Taiwan 17.3% |
| |||||||
Acer, Inc. | 187,884 | 166,908 | ||||||
Advanced International Multitech Co. Ltd. | 8,000 | 22,369 | ||||||
Alpha Networks, Inc. | 24,973 | 23,126 | ||||||
Ambassador Hotel (The) * | 20,000 | 20,818 | ||||||
AmTRAN Technology Co. Ltd. * | 75,360 | 47,065 | ||||||
Apex International Co. Ltd. | 15,000 | 36,611 | ||||||
Ardentec Corp. | 39,092 | 82,083 | ||||||
ASE Technology Holding Co. Ltd. | 144,000 | 563,378 | ||||||
Asia Cement Corp. | 203,269 | 332,696 | ||||||
Asia Pacific Telecom Co. Ltd. * | 125,842 | 36,948 | ||||||
Asia Polymer Corp. | 31,602 | 52,121 | ||||||
Asia Vital Components Co. Ltd. | 27,000 | 76,754 | ||||||
Asustek Computer, Inc. | 56,000 | 654,260 | ||||||
AU Optronics Corp. | 628,000 | 397,846 | ||||||
Avermedia Technologies *<> | 14,000 | 13,090 | ||||||
Basso Industry Corp. | 9,000 | 13,988 | ||||||
Bioteque Corp. | 3,000 | 11,899 | ||||||
Capital Securities Corp. | 184,437 | 100,624 | ||||||
Career Technology MFG. Co. Ltd. * | 20,400 | 19,148 | ||||||
Catcher Technology Co. Ltd. | 66,000 | 396,798 | ||||||
Cathay Financial Holding Co. Ltd. | 690,166 | 1,434,311 | ||||||
Cathay Real Estate Development Co. Ltd. | 70,000 | 48,366 | ||||||
Chang Hwa Commercial Bank Ltd. | 296,496 | 175,064 | ||||||
Cheng Loong Corp. | 82,000 | 104,926 | ||||||
Cheng Shin Rubber Industry Co. Ltd. | 57,000 | 72,630 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Taiwan (Continued) |
| |||||||
Cheng Uei Precision Industry Co. Ltd. | 44,543 | $ | 60,834 | |||||
Chia Hsin Cement Corp. | 22,000 | 16,780 | ||||||
Chilisin Electronics Corp. | 19,380 | 59,961 | ||||||
Chin-Poon Industrial Co. Ltd. | 36,000 | 37,666 | ||||||
China Airlines Ltd. * | 278,111 | 171,695 | ||||||
China Bills Finance Corp. | 89,000 | 51,910 | ||||||
China Chemical & Pharmaceutical Co. Ltd. | 19,000 | 15,549 | ||||||
China Development Financial Holding Corp. | 849,468 | 432,959 | ||||||
China General Plastics Corp. | 28,665 | 47,637 | ||||||
China Life Insurance Co. Ltd. | 56,600 | 58,915 | ||||||
China Man-Made Fiber Corp. * | 110,595 | 42,673 | ||||||
China Metal Products | 31,000 | 35,217 | ||||||
China Motor Corp. | 22,478 | 59,623 | ||||||
China Petrochemical Development Corp. * | 347,550 | 160,923 | ||||||
China Steel Corp. | 757,800 | 987,353 | ||||||
Chipbond Technology Corp. | 42,000 | 101,757 | ||||||
ChipMOS Technologies, Inc. | 28,897 | 49,475 | ||||||
Chun Yuan Steel Industry Co. Ltd. | 30,000 | 27,835 | ||||||
Chung Hung Steel Corp. | 60,000 | 90,020 | ||||||
Chung-Hsin Electric & Machinery Manufacturing Corp. | 28,000 | 48,994 | ||||||
Chunghwa Precision Test Tech Co. Ltd. | 2,000 | 48,671 | ||||||
Clevo Co. | 43,000 | 44,141 | ||||||
CMC Magnetics Corp. * | 93,595 | 30,134 | ||||||
Compal Electronics, Inc. | 465,000 | 393,891 | ||||||
Compeq Manufacturing Co. Ltd. | 109,000 | 145,931 | ||||||
Concord Securities Co. Ltd. | 37,000 | 16,269 | ||||||
Continental Holdings Corp. | 42,000 | 35,577 | ||||||
Coretronic Corp. | 40,800 | 80,398 | ||||||
CTBC Financial Holding Co. Ltd. | 1,619,280 | 1,330,971 | ||||||
CyberTAN Technology, Inc. | 37,000 | 27,955 | ||||||
D-Link Corp. | 17,000 | 11,441 | ||||||
Darfon Electronics Corp. | 17,000 | 25,262 | ||||||
Darwin Precisions Corp. * | 55,000 | 22,110 | ||||||
Depo Auto Parts Ind Co. Ltd. | 12,000 | 24,034 | ||||||
Dyaco International, Inc. | 7,000 | 15,703 | ||||||
Dynapack International Technology Corp. | 7,000 | 24,271 | ||||||
E Ink Holdings, Inc. | 52,000 | 137,743 | ||||||
E.Sun Financial Holding Co. Ltd. | 663,773 | 626,594 | ||||||
Elite Advanced Laser Corp. | 8,000 | 15,391 | ||||||
Elitegroup Computer Systems Co. Ltd. | 35,877 | 30,713 | ||||||
Ennoconn Corp. | 3,000 | 20,728 | ||||||
ENNOSTAR, Inc. * | 25,414 | 64,765 | ||||||
Entie Commercial Bank Co. Ltd. | 68,000 | 39,540 | ||||||
Eva Airways Corp. * | 265,478 | 180,095 | ||||||
Everest Textile Co. Ltd. * | 56,568 | 20,507 | ||||||
Evergreen International Storage & Transport Corp. | 54,000 | 60,376 | ||||||
Evergreen Marine Corp. Taiwan Ltd. | 94,459 | 427,194 | ||||||
Everlight Chemical Industrial Corp. | 56,000 | 51,557 | ||||||
Everlight Electronics Co. Ltd. | 40,000 | 68,484 | ||||||
Far Eastern Department Stores Ltd. | 108,220 | 86,621 | ||||||
Far Eastern International Bank | 250,659 | 94,018 | ||||||
Far Eastern New Century Corp. | 287,338 | 307,857 | ||||||
Farglory Land Development Co. Ltd. | 26,721 | 55,724 | ||||||
Federal Corp. * | 33,000 | 34,764 | ||||||
First Financial Holding Co. Ltd. | 579,774 | 469,263 | ||||||
First Steamship Co. Ltd. * | 39,240 | 21,690 | ||||||
FLEXium Interconnect, Inc. * | 6,000 | 22,074 | ||||||
Formosa Advanced Technologies Co. Ltd. | 20,000 | 27,279 | ||||||
Formosa Chemicals & Fibre Corp. | 176,000 | 530,012 | ||||||
Formosa Petrochemical Corp. | 3,000 | 10,682 |
SHARES | VALUE | |||||||
Formosa Plastics Corp. | 72,000 | $ | 293,318 | |||||
Formosa Taffeta Co. Ltd. | 50,000 | 53,929 | ||||||
Formosan Rubber Group, Inc. | 20,080 | 16,397 | ||||||
Formosan Union Chemical | 48,179 | 35,364 | ||||||
Foxconn Technology Co. Ltd. | 58,127 | 146,671 | ||||||
FSP Technology, Inc. | 8,000 | 11,299 | ||||||
Fubon Financial Holding Co. Ltd. | 612,932 | 1,687,403 | ||||||
Fulltech Fiber Glass Corp. * | 31,310 | 18,992 | ||||||
Gemtek Technology Corp. | 47,000 | 45,295 | ||||||
General Interface Solution Holding Ltd. | 24,000 | 82,095 | ||||||
Getac Technology Corp. | 21,000 | 38,969 | ||||||
Giantplus Technology Co. Ltd. * | 37,000 | 15,937 | ||||||
Gigastorage Corp. * | 294 | 259 | ||||||
Gloria Material Technology Corp. | 50,392 | 45,309 | ||||||
Gold Circuit Electronics Ltd. | 35,000 | 81,657 | ||||||
Goldsun Building Materials Co. Ltd. | 82,973 | 72,965 | ||||||
Grand Pacific Petrochemical | 102,000 | 105,989 | ||||||
Great Wall Enterprise Co. Ltd. | 57,839 | 113,974 | ||||||
Greatek Electronics, Inc. | 7,000 | 20,452 | ||||||
Hannstar Board Corp. | 38,929 | 57,219 | ||||||
HannStar Display Corp. | 109,770 | 59,888 | ||||||
HannsTouch Solution, Inc. | 32,279 | 13,324 | ||||||
Hey Song Corp. | 18,750 | 22,949 | ||||||
Highwealth Construction Corp. | 9,900 | 16,026 | ||||||
Hiroca Holdings Ltd. | 8,000 | 13,525 | ||||||
Ho Tung Chemical Corp. | 108,688 | 41,547 | ||||||
Hon Hai Precision Industry Co. Ltd. | 703,068 | 2,649,706 | ||||||
Hong Pu Real Estate Development Co. Ltd. | 20,000 | 15,219 | ||||||
HTC Corp. * | 9,000 | 11,888 | ||||||
Hu Lane Associate, Inc. | 1,000 | 4,110 | ||||||
Hua Nan Financial Holdings Co. Ltd. | 475,181 | 347,937 | ||||||
Hung Sheng Construction Ltd. | 50,688 | 40,662 | ||||||
IBF Financial Holdings Co. Ltd. | 266,512 | 154,490 | ||||||
IEI Integration Corp. | 8,000 | 12,764 | ||||||
Innolux Corp. | 607,757 | 370,843 | ||||||
International CSRC Investment Holdings Co. | 58,604 | 49,537 | ||||||
Inventec Corp. | 261,282 | 241,958 | ||||||
Kenda Rubber Industrial Co. Ltd. | 9,000 | 10,418 | ||||||
Kindom Development Co. Ltd. | 46,200 | 65,335 | ||||||
King Slide Works Co. Ltd. | 2,000 | 27,853 | ||||||
King Yuan Electronics Co. Ltd. | 127,100 | 186,814 | ||||||
Kings Town Bank Co. Ltd. | 90,000 | 134,707 | ||||||
Kinpo Electronics | 138,000 | 66,126 | ||||||
Kinsus Interconnect Technology Corp. | 31,000 | 224,763 | ||||||
L&K Engineering Co. Ltd. | 16,000 | 16,597 | ||||||
Largan Precision Co. Ltd. | 6,000 | 471,635 | ||||||
Lealea Enterprise Co. Ltd. * | 27,000 | 12,259 | ||||||
Lien Hwa Industrial Holdings Corp. | 34,479 | 69,303 | ||||||
Lingsen Precision Industries Ltd. * | 41,000 | 39,734 | ||||||
Lite-On Technology Corp. | 234,874 | 526,897 | ||||||
Longchen Paper & Packaging Co. Ltd. | 89,648 | 90,580 | ||||||
Macronix International Co. Ltd. | 119,171 | 157,623 | ||||||
MediaTek, Inc. | 11,000 | 357,316 | ||||||
Mega Financial Holding Co. Ltd. | 544,850 | 626,781 | ||||||
Mercuries & Associates Holding Ltd. | 42,344 | 39,288 | ||||||
Mercuries Life Insurance Co. Ltd. * | 148,302 | 49,611 | ||||||
Merry Electronics Co. Ltd. | 9,000 | 28,557 | ||||||
Mirle Automation Corp. | 6,000 | 9,110 | ||||||
Mitac Holdings Corp. | 27,637 | 28,420 | ||||||
Namchow Holdings Co. Ltd. | 7,000 | 12,324 | ||||||
Nan Ya Plastics Corp. | 184,000 | 604,296 | ||||||
Nanya Technology Corp. | 117,000 | 276,747 | ||||||
O-Bank Co. Ltd. | 91,943 | 25,114 | ||||||
OptoTech Corp. | 49,063 | 57,145 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Taiwan (Continued) |
| |||||||
Orient Semiconductor Electronics Ltd. | 42,485 | $ | 38,733 | |||||
Oriental Union Chemical Corp. * | 16,000 | 12,950 | ||||||
Pan Jit International, Inc. | 21,600 | 69,233 | ||||||
Pan-International Industrial Corp. | 34,380 | 48,311 | ||||||
Pegatron Corp. | 227,249 | 546,497 | ||||||
Phison Electronics Corp. | 6,000 | 81,190 | ||||||
Pixart Imaging, Inc. | 3,000 | 16,690 | ||||||
POU Chen Corp. | 169,133 | 204,886 | ||||||
Powertech Technology, Inc. | 23,000 | 86,269 | ||||||
President Securities Corp. | 86,636 | 71,522 | ||||||
Primax Electronics Ltd. | 7,000 | 12,889 | ||||||
Prince Housing & Development Corp. | 77,970 | 38,900 | ||||||
Qisda Corp. | 168,400 | 173,172 | ||||||
Quanta Computer, Inc. | 122,000 | 339,369 | ||||||
Radiant Opto-Electronics Corp. | 17,000 | 57,052 | ||||||
Radium Life Tech Co. Ltd. | 101,477 | 38,244 | ||||||
Rechi Precision Co. Ltd. | 16,000 | 10,624 | ||||||
Rich Development Co. Ltd. | 19,978 | 6,518 | ||||||
Ritek Corp. * | 47,211 | 16,335 | ||||||
Ruentex Development Co. Ltd. | 62,192 | 128,132 | ||||||
Ruentex Industries Ltd. | 33,400 | 153,450 | ||||||
Sampo Corp. | 10,600 | 11,319 | ||||||
San Fang Chemical Industry Co. Ltd. | 13,000 | 10,312 | ||||||
Sanyang Motor Co. Ltd. | 41,573 | 39,543 | ||||||
Sesoda Corp. | 27,193 | 31,917 | ||||||
Shanghai Commercial & Savings Bank Ltd. (The) | 48,000 | 76,495 | ||||||
Shihlin Electric & Engineering Corp. | 26,000 | 47,221 | ||||||
Shin Kong Financial Holding Co. Ltd. | 715,108 | 238,964 | ||||||
Shin Zu Shing Co. Ltd. | 16,660 | 61,891 | ||||||
Shinkong Insurance Co. Ltd. | 30,000 | 48,025 | ||||||
Shinkong Synthetic Fibers Corp. | 108,151 | 79,578 | ||||||
Sigurd Microelectronics Corp. | 42,694 | 91,026 | ||||||
Sincere Navigation Corp. | 27,810 | 39,778 | ||||||
Sinon Corp. | 56,000 | 49,145 | ||||||
SinoPac Financial Holdings Co. Ltd. | 849,094 | 423,625 | ||||||
Sirtec International Co. Ltd. | 12,000 | 11,177 | ||||||
Sunonwealth Electric Machine Industry Co. Ltd. | 12,000 | 16,518 | ||||||
Supreme Electronics Co. Ltd. | 43,121 | 68,565 | ||||||
Swancor Holding Co. Ltd. | 4,000 | 14,429 | ||||||
Syncmold Enterprise Corp. | 5,000 | 12,419 | ||||||
Synmosa Biopharma Corp. | 13,450 | 11,490 | ||||||
Synnex Technology International Corp. | 138,300 | 259,122 | ||||||
Ta Ya Electric Wire & Cable * | 47,840 | 45,933 | ||||||
Taichung Commercial Bank Co. Ltd. | 349,963 | 145,711 | ||||||
Taiflex Scientific Co. Ltd. | 25,740 | 42,730 | ||||||
Tainan Spinning Co. Ltd. | 115,427 | 108,547 | ||||||
Taishin Financial Holding Co. Ltd. | 822,019 | 534,037 | ||||||
Taiwan Business Bank | 356,124 | 122,200 | ||||||
Taiwan Cement Corp. | 421,360 | 771,320 | ||||||
Taiwan Cogeneration Corp. | 12,000 | 16,669 | ||||||
Taiwan Cooperative Financial Holding Co. Ltd. | 588,307 | 466,667 | ||||||
Taiwan Fertilizer Co. Ltd. | 48,000 | 116,811 | ||||||
Taiwan FU Hsing Industrial Co. Ltd. | 21,000 | 30,489 | ||||||
Taiwan Glass Industry Corp. | 109,321 | 116,147 | ||||||
Taiwan Hon Chuan Enterprise Co. Ltd. | 30,925 | 78,699 | ||||||
Taiwan PCB Techvest Co. Ltd. | 28,000 | 46,984 |
SHARES | VALUE | |||||||
Taiwan Sakura Corp. | 6,000 | $ | 14,838 | |||||
Taiwan Shin Kong Security Co. Ltd. | 10,100 | 13,812 | ||||||
Taiwan Surface Mounting Technology Corp. | 21,518 | 78,779 | ||||||
Taiwan Union Technology Corp. | 6,000 | 23,259 | ||||||
Tatung Co. Ltd. * | 115,000 | 134,976 | ||||||
Teco Electric & Machinery Co. Ltd. | 132,000 | 148,059 | ||||||
Thye Ming Industrial Co. Ltd. | 10,000 | 11,270 | ||||||
Ton Yi Industrial Corp. | 82,000 | 40,322 | ||||||
Tong Hsing Electronic Industries Ltd. | 3,000 | 24,336 | ||||||
Tong Yang Industry Co. Ltd. | 41,921 | 51,084 | ||||||
Topco Scientific Co. Ltd. | 4,000 | 19,741 | ||||||
Topkey Corp. | 3,000 | 15,075 | ||||||
TPK Holding Co. Ltd. | 34,000 | 47,533 | ||||||
Tripod Technology Corp. | 25,000 | 100,052 | ||||||
TSRC Corp. | 26,000 | 29,350 | ||||||
Tung Ho Steel Enterprise Corp. * | 87,000 | 128,343 | ||||||
TYC Brother Industrial Co. Ltd. | 21,000 | 15,037 | ||||||
U-Ming Marine Transport Corp. | 27,000 | 66,481 | ||||||
Unimicron Technology Corp. | 107,000 | 506,954 | ||||||
Union Bank of Taiwan * | 185,029 | 78,699 | ||||||
Unitech Printed Circuit Board Corp. * | 67,320 | 43,856 | ||||||
United Microelectronics Corp. | 798,513 | 1,834,311 | ||||||
Universal Cement Corp. | 46,836 | 35,723 | ||||||
Unizyx Holding Corp. * | 35,000 | 31,532 | ||||||
UPC Technology Corp. | 80,916 | 73,915 | ||||||
USI Corp. | 77,130 | 104,370 | ||||||
Wah Lee Industrial Corp. | 21,420 | 62,660 | ||||||
Walsin Lihwa Corp. | 146,000 | 132,058 | ||||||
Wei Chuan Foods Corp. | 14,000 | 11,005 | ||||||
Weikeng Industrial Co. Ltd. | 32,945 | 33,465 | ||||||
Winbond Electronics Corp. | 331,893 | 315,686 | ||||||
Wisdom Marine Lines Co. Ltd. | 27,019 | 78,456 | ||||||
Wistron Corp. | 324,431 | 320,233 | ||||||
Wistron NeWeb Corp. | 5,000 | 13,119 | ||||||
WPG Holdings Ltd. | 168,400 | 293,153 | ||||||
WT Microelectronics Co. Ltd. | 31,265 | 67,893 | ||||||
YC INOX Co. Ltd. * | 27,763 | 37,169 | ||||||
Yem Chio Co. Ltd. | 22,666 | 13,017 | ||||||
Yeong Guan Energy Technology Group Co. Ltd. | 7,000 | 16,834 | ||||||
YFY, Inc. | 114,385 | 140,207 | ||||||
Yieh Phui Enterprise Co. Ltd. * | 52,525 | 57,501 | ||||||
Youngtek Electronics Corp. | 12,000 | 32,735 | ||||||
Yuanta Financial Holding Co. Ltd. | 1,002,007 | 888,339 | ||||||
Yulon Motor Co. Ltd. | 62,371 | 95,592 | ||||||
YungShin Global Holding Corp. | 7,000 | 10,829 | ||||||
Zeng Hsing Industrial Co. Ltd. | 2,000 | 10,517 | ||||||
Zhen Ding Technology Holding Ltd. | 62,000 | 220,089 | ||||||
Zig Sheng Industrial Co. Ltd. | 28,000 | 21,457 | ||||||
Zinwell Corp. * | 24,000 | 16,109 | ||||||
|
| |||||||
37,363,551 | ||||||||
|
| |||||||
Thailand 1.9% |
| |||||||
Ananda Development PCL * | 180,700 | 8,385 | ||||||
AP Thailand PCL | 242,500 | 58,412 | ||||||
Bangchak Corp. PCL | 112,900 | 91,761 | ||||||
Bangkok Bank PCL | 16,600 | 57,402 | ||||||
Bangkok Bank PCL, NVDR | 13,300 | 45,794 | ||||||
Bangkok Insurance PCL | 2,100 | 16,758 | ||||||
Bangkok Land PCL | 1,039,700 | 33,187 |
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) |
| |||||||
Thailand (Continued) |
| |||||||
Bangkok Life Assurance PCL, NVDR | 35,300 | $ | 30,256 | |||||
Banpu PCL | 429,750 | 157,497 | ||||||
Berli Jucker PCL | 36,200 | 35,307 | ||||||
Cal-Comp Electronics Thailand PCL, Class F | 264,550 | 21,111 | ||||||
Charoen Pokphand Foods PCL | 322,300 | 245,285 | ||||||
Indorama Ventures PCL | 50,700 | 66,681 | ||||||
IRPC PCL | 633,100 | 77,839 | ||||||
Italian-Thai Development PCL * | 563,700 | 38,319 | ||||||
Kasikornbank PCL, NVDR | 65,600 | 258,833 | ||||||
Khon Kaen Sugar Industry PCL * | 135,600 | 15,069 | ||||||
Kiatnakin Phatra Bank PCL | 21,900 | 35,437 | ||||||
Krung Thai Bank PCL | 257,575 | 83,739 | ||||||
Lanna Resources PCL | 2,500 | 1,866 | ||||||
LH Financial Group PCL | 302,400 | 13,585 | ||||||
LPN Development PCL | 151,700 | 21,790 | ||||||
MBK PCL * | 52,400 | 21,527 | ||||||
Power Solution Technologies PCL, Class F * | 224,400 | 15,917 | ||||||
Property Perfect PCL | 952,490 | 13,231 | ||||||
Pruksa Holding PCL | 88,800 | 34,118 | ||||||
PTT Exploration & Production PCL | 107,800 | 374,361 | ||||||
PTT Global Chemical PCL | 116,228 | 217,273 | ||||||
PTT PCL | 883,900 | 1,012,299 | ||||||
Quality Houses PCL | 625,100 | 40,275 | ||||||
Sansiri PCL | 1,106,700 | 39,250 | ||||||
SC Asset Corp. PCL | 188,600 | 17,949 | ||||||
Siam Cement PCL (The) | 14,500 | 172,277 | ||||||
Siam Commercial Bank PCL | 56,800 | 204,806 | ||||||
Somboon Advance Technology PCL | 20,300 | 11,879 | ||||||
SPCG PCL | 37,500 | 19,174 | ||||||
Sri Trang Agro-Industry PCL | 46,400 | 45,941 | ||||||
Supalai PCL | 169,900 | 100,429 | ||||||
Thai Oil PCL | 72,700 | 112,268 | ||||||
Thai Stanley Electric PCL, NVDR | 3,100 | 16,354 | ||||||
Thanachart Capital PCL | 33,100 | 33,261 | ||||||
Thitikorn PCL | 10,500 | 2,839 | ||||||
TMBThanachart Bank PCL | 1,521,854 | 49,926 | ||||||
TPI Polene PCL | 676,600 | 34,995 | ||||||
TPI Polene Power PCL | 84,700 | 10,614 | ||||||
True Corp. PCL | 1,146,800 | 139,643 | ||||||
Unique Engineering & Construction PCL * | 54,500 | 10,228 | ||||||
|
| |||||||
4,165,147 | ||||||||
|
| |||||||
Turkey 0.5% |
| |||||||
Akbank TAS | 203,200 | 121,788 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 16,612 | 39,975 | ||||||
Enka Insaat ve Sanayi AS | 61,872 | 72,287 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 47,339 | 88,631 | ||||||
KOC Holding AS | 57,668 | 146,680 | ||||||
Koza Anadolu Metal Madencilik Isletmeleri AS * | 15,673 | 25,678 | ||||||
Tekfen Holding AS | 12,307 | 19,139 | ||||||
Turk Hava Yollari AO * | 51,209 | 80,329 | ||||||
Turkiye Garanti Bankasi AS | 199,573 | 207,360 | ||||||
Turkiye Halk Bankasi AS * | 35,220 | 17,030 | ||||||
Turkiye Is Bankasi, Class C | 92,912 | 54,224 | ||||||
Turkiye Sise ve Cam Fabrikalari AS | 75,893 | 69,894 | ||||||
Turkiye Vakiflar Bankasi TAO, Class D * | 80,351 | 29,455 | ||||||
Ulker Biskuvi Sanayi AS | 9,180 | 19,737 | ||||||
Vestel Elektronik Sanayi ve Ticaret AS | 6,125 | 18,114 |
SHARES | VALUE | |||||||
Yapi ve Kredi Bankasi AS | 194,984 | $ | 52,841 | |||||
|
| |||||||
1,063,162 | ||||||||
|
| |||||||
United Arab Emirates 0.4% |
| |||||||
Abu Dhabi Commercial Bank PJSC | 127,320 | 259,621 | ||||||
Aldar Properties PJSC | 23,074 | 25,630 | ||||||
Amanat Holdings PJSC * | 31,824 | 9,357 | ||||||
Dubai Financial Market PJSC * | 87,515 | 24,779 | ||||||
Dubai Investments PJSC | 146,734 | 69,509 | ||||||
Emaar Development PJSC * | 30,706 | 32,351 | ||||||
Emaar Properties PJSC | 239,590 | 266,128 | ||||||
Emirates NBD Bank PJSC | 13,968 | 53,999 | ||||||
Manazel PJSC * | 139,614 | 17,294 | ||||||
RAK Properties PJSC * | 114,134 | 21,316 | ||||||
SHUAA Capital PSC | 27,960 | 5,115 | ||||||
|
| |||||||
785,099 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS (Identified Cost $179,010,992) | 212,282,829 | |||||||
|
| |||||||
PREFERRED STOCKS 1.1% |
| |||||||
Brazil 1.1% | ||||||||
Banco ABC Brasil SA, 6.250% | 11,102 | 30,356 | ||||||
Banco Bradesco SA, 5.530% | 33,041 | 126,382 | ||||||
Banco do Estado do Rio Grande do Sul SA, PF B, 8.330% | 14,808 | 31,706 | ||||||
Cia Ferro Ligas da BahiaFerbasa, 2.580% | 4,895 | 50,372 | ||||||
Marcopolo SA, 3.190% | 2,983 | 1,594 | ||||||
Petroleo Brasileiro SA, 8.250% | 382,139 | 1,910,783 | ||||||
Randon SA Implementos e Participacoes, 5.750% | 8,600 | 18,603 | ||||||
Usinas Siderurgicas de Minas Gerais SA, Class A, 7.450% | 24,000 | 71,042 | ||||||
|
| |||||||
2,240,838 | ||||||||
|
| |||||||
Colombia 0.0% | ||||||||
Grupo Argos SA, 4.370% | 12,517 | 27,284 | ||||||
Grupo de Inversiones Suramericana SA, 3.160% | 8,046 | 38,922 | ||||||
|
| |||||||
66,206 | ||||||||
|
| |||||||
Philippines 0.0% | ||||||||
Cebu Air, Inc. | 12,909 | 9,870 | ||||||
TOTAL PREFERRED STOCKS |
| 2,316,914 | ||||||
|
| |||||||
RIGHTS & WARRANTS 0.0% |
| |||||||
India 0.0% | ||||||||
Bharti Airtel Ltd. | 2,211 | 4,566 | ||||||
|
| |||||||
Korea 0.0% | ||||||||
Hyundai Engineering & Construction Co. Ltd. Rights *<> | 69 | 4,674 | ||||||
Samsung Heavy Industries Co. Ltd. Rights *<> | 9,242 | 8,352 | ||||||
|
| |||||||
13,026 | ||||||||
|
| |||||||
TOTAL RIGHTS & WARRANTS |
| 17,592 | ||||||
SHORT-TERM INVESTMENTS 2.0% |
| |||||||
Investment Company 0.3% | ||||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 663,419 | 663,419 | ||||||
Collateral For Securities On Loan 1.7% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.030% | 3,563,122 | 3,563,122 | ||||||
|
|
The accompanying notes are an integral part of these portfolio of investments.
SA Emerging Markets Value Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
SHORT-TERM INVESTMENTS (Continued) |
| |||||||
TOTAL SHORT-TERM INVESTMENTS |
| $ | 4,226,541 | |||||
|
| |||||||
Total Investments 101.6% |
| 218,843,876 | ||||||
Liabilities, Less Cash and Other Assets (1.6%) | (3,411,629 | ) | ||||||
|
| |||||||
Net Assets 100.0% |
| $ | 215,432,247 | |||||
|
|
| See Note 1 |
* | Non-income producing security |
± | 144A Securities. Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. These securities have been deemed by the Fund to be liquid and at September 30, 2021 amounted to $3,624,724 or 1.68% of the net assets of the Fund. |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $8,014,270. |
<> | Fair valued security. Security is valued using significant observable inputs other than quoted prices as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
Key to abbreviations:
ADR American Depository Receipt
GDR Global Depository Receipt
NVDR Non-Voting Depository Receipt
The accompanying notes are an integral part of these portfolio of investments.
Ten largest industry holdings as of September 30, 2021
(As a percentage of net assets) (Unaudited)
Industry | Percentage | |||
Commercial Banks | 17.9 | % | ||
Oil, Gas & Consumable Fuels | 10.8 | % | ||
Metals & Mining | 7.2 | % | ||
Real Estate Management & Development | 5.2 | % | ||
Insurance | 4.8 | % | ||
Electronic Equipment, Instruments & Components | 4.5 | % | ||
Chemicals | 3.7 | % | ||
Semiconductors & Semiconductor Equipment | 3.5 | % | ||
Computers & Peripherals | 3.5 | % | ||
Automobiles | 3.3 | % |
Country weightings as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Country | Percentage | |||
China | 33.0 | % | ||
Taiwan | 17.4 | % | ||
Korea | 14.4 | % | ||
India | 14.1 | % | ||
Brazil | 4.2 | % | ||
South Africa | 4.1 | % | ||
Mexico | 2.1 | % | ||
Thailand | 1.9 | % | ||
Russia | 1.7 | % | ||
Others | 7.1 | % | ||
|
| |||
100.0 | % |
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
COMMON STOCKS 99.4% |
| |||||||
Real Estate Investment Trusts (REITs) 99.4% |
| |||||||
Acadia Realty Trust | 11,476 | $ | 234,225 | |||||
Agree Realty Corp. | 8,678 | 574,744 | ||||||
Alexanders, Inc. | 303 | 78,968 | ||||||
Alexandria Real Estate Equities, Inc. | 17,839 | 3,408,498 | ||||||
American Assets Trust, Inc. | 6,832 | 255,653 | ||||||
American Campus Communities, Inc. | 17,723 | 858,679 | ||||||
American Finance Trust, Inc. | 10,986 | 88,327 | ||||||
American Homes 4 Rent., Class A | 36,375 | 1,386,615 | ||||||
American Tower Corp. | 55,597 | 14,756,000 | ||||||
Americold Realty Trust | 11,280 | 327,684 | ||||||
Apartment Income REIT Corp. | 19,728 | 962,924 | ||||||
Apartment Investment and Management Co., Class A | 20,951 | 143,514 | ||||||
Apple Hospitality REIT, Inc. | 26,860 | 422,508 | ||||||
AvalonBay Communities, Inc. | 17,211 | 3,814,646 | ||||||
Bluerock Residential Growth REIT, Inc. | 3,300 | 42,042 | ||||||
Boston Properties, Inc. | 18,297 | 1,982,480 | ||||||
Braemar Hotels & Resorts, Inc. *@ | 5,308 | 25,744 | ||||||
Brandywine Realty Trust | 22,614 | 303,480 | ||||||
Brixmor Property Group, Inc. | 38,158 | 843,673 | ||||||
BRT Apartments Corp. | 400 | 7,712 | ||||||
Camden Property Trust | 12,208 | 1,800,314 | ||||||
CareTrust REIT, Inc. | 12,772 | 259,527 | ||||||
Centerspace | 1,825 | 172,462 | ||||||
Chatham Lodging Trust * | 7,096 | 86,926 | ||||||
City Office REIT, Inc. | 5,176 | 92,443 | ||||||
Clipper Realty, Inc. | 1,167 | 9,453 | ||||||
Columbia Property Trust, Inc. | 15,230 | 289,675 | ||||||
Community Healthcare Trust, Inc. | 3,181 | 143,749 | ||||||
CorePoint Lodging, Inc. * | 3,711 | 57,520 | ||||||
CoreSite Realty Corp. | 5,544 | 768,066 | ||||||
Corporate Office Properties Trust | 14,738 | 397,631 | ||||||
Cousins Properties, Inc. | 19,188 | 715,521 | ||||||
Crown Castle International Corp. | 52,686 | 9,131,538 | ||||||
CTO Realty Growth, Inc. | 764 | 41,073 | ||||||
CubeSmart | 25,388 | 1,230,049 | ||||||
CyrusOne, Inc. | 15,672 | 1,213,170 | ||||||
DiamondRock Hospitality Co. * | 27,890 | 263,560 | ||||||
Digital Realty Trust, Inc. | 34,987 | 5,053,872 | ||||||
Diversified Healthcare Trust | 29,638 | 100,473 | ||||||
Douglas Emmett, Inc. | 22,443 | 709,423 | ||||||
Duke Realty Corp. | 47,173 | 2,258,172 | ||||||
Easterly Government Properties, Inc. | 11,415 | 235,834 | ||||||
EastGroup Properties, Inc. | 5,143 | 856,978 | ||||||
Empire State Realty Trust, Inc., Class A | 19,565 | 196,237 | ||||||
EPR Properties | 9,715 | 479,727 | ||||||
Equinix, Inc. | 9,608 | 7,591,569 | ||||||
Equity Commonwealth * | 6,995 | 181,730 | ||||||
Equity LifeStyle Properties, Inc. | 21,788 | 1,701,643 | ||||||
Equity Residential | 43,652 | 3,532,320 | ||||||
Esc War Ind §* | 9,141 | 459 | ||||||
Essential Properties Realty Trust, Inc. | 15,326 | 427,902 | ||||||
Essex Property Trust, Inc. | 8,074 | 2,581,581 | ||||||
Extra Space Storage, Inc. | 16,590 | 2,786,954 | ||||||
Federal Realty Investment Trust | 8,647 | 1,020,260 | ||||||
First Industrial Realty Trust, Inc. | 16,587 | 863,851 | ||||||
Four Corners Property Trust, Inc. | 10,080 | 270,749 | ||||||
Franklin Street Properties Corp. | 15,012 | 69,656 | ||||||
Gaming and Leisure Properties, Inc. | 27,533 | 1,275,329 | ||||||
Getty Realty Corp. | 5,153 | 151,034 | ||||||
Gladstone Commercial Corp. | 5,127 | 107,821 | ||||||
Global Medical REIT, Inc. | 5,127 | 75,367 | ||||||
Global Net Lease, Inc. | 12,591 | 201,708 |
SHARES | VALUE | |||||||
Global Self Storage, Inc. | 2,195 | $ | 11,304 | |||||
Healthcare Realty Trust, Inc. | 18,331 | 545,897 | ||||||
Healthcare Trust of America, Inc., Class A | 27,989 | 830,154 | ||||||
Healthpeak Properties, Inc. | 67,203 | 2,249,956 | ||||||
Hersha Hospitality Trust * | 5,542 | 51,707 | ||||||
Highwoods Properties, Inc. | 13,462 | 590,443 | ||||||
Host Hotels & Resorts, Inc. * | 87,531 | 1,429,381 | ||||||
Hudson Pacific Properties, Inc. | 19,628 | 515,628 | ||||||
Independence Realty Trust, Inc. | 13,010 | 264,753 | ||||||
Industrial Logistics Properties Trust | 8,397 | 213,368 | ||||||
Invitation Homes, Inc. | 71,410 | 2,737,145 | ||||||
Iron Mountain, Inc. @ | 35,965 | 1,562,679 | ||||||
JBG SMITH Properties | 15,173 | 449,273 | ||||||
Kilroy Realty Corp. | 12,841 | 850,203 | ||||||
Kimco Realty Corp. | 72,089 | 1,495,847 | ||||||
Kite Realty Group Trust | 11,245 | 228,948 | ||||||
Lamar Advertising Co., Class A | 10,744 | 1,218,907 | ||||||
Lexington Realty Trust | 35,435 | 451,796 | ||||||
Life Storage, Inc. | 9,763 | 1,120,207 | ||||||
LTC Properties, Inc. | 5,279 | 167,292 | ||||||
Macerich Co. (The) | 25,504 | 426,172 | ||||||
Mack-Cali Realty Corp. * | 9,919 | 169,813 | ||||||
Medical Properties Trust, Inc. | 73,257 | 1,470,268 | ||||||
MGM Growth Properties LLC, Class A | 19,788 | 757,880 | ||||||
Mid-America Apartment Communities, Inc. | 14,402 | 2,689,573 | ||||||
Monmouth Real Estate Investment Corp. | 12,441 | 232,025 | ||||||
National Health Investors, Inc. | 5,706 | 305,271 | ||||||
National Retail Properties, Inc. | 22,068 | 953,117 | ||||||
National Storage Affiliates Trust | 8,976 | 473,843 | ||||||
NexPoint Residential Trust, Inc. | 2,800 | 173,264 | ||||||
Office Properties Income Trust | 6,517 | 165,076 | ||||||
Omega Healthcare Investors, Inc. | 30,178 | 904,133 | ||||||
One Liberty Properties, Inc. | 2,502 | 76,286 | ||||||
Outfront Media, Inc. | 18,980 | 478,296 | ||||||
Paramount Group, Inc. | 23,448 | 210,798 | ||||||
Park Hotels & Resorts, Inc. * | 30,825 | 589,990 | ||||||
Pebblebrook Hotel Trust | 17,179 | 384,981 | ||||||
Physicians Realty Trust | 27,930 | 492,127 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 16,095 | 280,536 | ||||||
Plymouth Industrial REIT, Inc. | 2,437 | 55,442 | ||||||
Preferred Apartment Communities, Inc. | 3,100 | 37,913 | ||||||
Prologis, Inc. | 90,361 | 11,333,980 | ||||||
PS Business Parks, Inc. | 2,698 | 422,885 | ||||||
Public Storage | 19,394 | 5,761,957 | ||||||
Realty Income Corp. | 47,470 | 3,078,904 | ||||||
Regency Centers Corp. | 19,246 | 1,295,833 | ||||||
Retail Opportunity Investments Corp. | 15,725 | 273,929 | ||||||
Retail Properties of America, Inc., Class A | 28,231 | 363,615 | ||||||
Retail Value, Inc. | 2,810 | 73,987 | ||||||
Rexford Industrial Realty, Inc. | 17,254 | 979,164 | ||||||
RLJ Lodging Trust | 21,720 | 322,759 | ||||||
RPT Realty | 11,183 | 142,695 | ||||||
Ryman Hospitality Properties, Inc. * | 6,494 | 543,548 | ||||||
Sabra Health Care REIT, Inc. | 28,032 | 412,631 | ||||||
Saul Centers, Inc. | 2,036 | 89,706 | ||||||
SBA Communications Corp. | 13,497 | 4,461,703 | ||||||
Seritage Growth Properties, Class A *@ | 3,790 | 56,206 | ||||||
Service Properties Trust | 20,700 | 232,047 | ||||||
Simon Property Group, Inc. | 40,460 | 5,258,586 | ||||||
SITE Centers Corp. | 22,191 | 342,629 | ||||||
SL Green Realty Corp. @ | 8,645 | 612,412 | ||||||
Sotherly Hotels, Inc. *@ | 3,111 | 7,964 | ||||||
Spirit Realty Capital, Inc. | 14,821 | 682,359 | ||||||
STAG Industrial, Inc. @ | 20,564 | 807,137 | ||||||
STORE Capital Corp. | 29,957 | 959,523 | ||||||
Summit Hotel Properties, Inc. * | 14,689 | 141,455 |
The accompanying notes are an integral part of these portfolio of investments.
SA Real Estate Securities Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited) (Continued)
SHARES | VALUE | |||||||
COMMON STOCKS (Continued) | ||||||||
Real Estate Investment Trusts (REITs) (Continued) |
| |||||||
Sun Communities, Inc. | 14,068 | $ | 2,603,987 | |||||
Sunstone Hotel Investors, Inc. * | 28,432 | 339,478 | ||||||
Tanger Factory Outlet Centers, Inc. | 13,393 | 218,306 | ||||||
Terreno Realty Corp. | 8,987 | 568,248 | ||||||
UDR, Inc. | 37,000 | 1,960,260 | ||||||
UMH Properties, Inc. | 5,369 | 122,950 | ||||||
Uniti Group, Inc. | 30,428 | 376,394 | ||||||
Universal Health Realty Income Trust | 1,815 | 100,315 | ||||||
Urban Edge Properties | 15,898 | 291,092 | ||||||
Urstadt Biddle Properties, Inc. | 1,000 | 17,100 | ||||||
Urstadt Biddle Properties, Inc., Class A | 4,406 | 83,406 | ||||||
Ventas, Inc. | 48,488 | 2,677,022 | ||||||
VEREIT, Inc. | 28,457 | 1,287,110 | ||||||
VICI Properties, Inc. @ | 54,008 | 1,534,367 | ||||||
Vornado Realty Trust | 20,049 | 842,258 | ||||||
Washington Real Estate Investment Trust | 11,245 | 278,314 | ||||||
Welltower, Inc. | 52,059 | 4,289,662 | ||||||
Whitestone REIT | 6,078 | 59,443 | ||||||
WP Carey, Inc. | 23,137 | 1,689,926 | ||||||
Xenia Hotels & Resorts, Inc. * | 15,414 | 273,444 | ||||||
|
| |||||||
166,503,830 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS |
| 166,503,830 | ||||||
|
| |||||||
PREFERRED STOCKS 0.0% | ||||||||
Real Estate Investment Trusts (REITs) 0.0% |
| |||||||
Brookfield Property Preferred LP, 6.250% @ | 326 | 7,974 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS |
| 7,974 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS 0.3% |
| |||||||
Investment Company 0.2% | ||||||||
State Street Institutional U.S. Government Money Market Fund 0.025% | 438,082 | 438,082 | ||||||
|
| |||||||
Collateral For Securities On Loan 0.1% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio 0.030% | 97,802 | 97,802 | ||||||
|
| |||||||
TOTAL SHORT-TERM INVESTMENTS |
| 535,884 | ||||||
|
| |||||||
Total Investments 99.7% (Identified Cost $82,200,135) | 167,047,688 | |||||||
Cash and Other Assets, Less Liabilities 0.3% |
| 419,222 | ||||||
|
| |||||||
Net Assets 100.0% | $ | 167,466,910 | ||||||
|
|
| See Note 1 |
* | Non-income producing security |
@ | A portion or all of the security was held on loan. As of September 30, 2021, the fair value of the securities on loan was $3,994,936. |
§ | Fair valued security. Security is valued using significant unobservable inputs as determined pursuant to procedures approved by the Funds Board of Trustees. See Note 1 |
Key to abbreviations:
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these portfolio of investments.
Portfolio Sectors as of September 30, 2021
(As a percentage of long-term investments) (Unaudited)
Sector | Percentage | |||
Specialized REITs | 27.7 | % | ||
Residential REITs | 16.6 | % | ||
Diversified REITs | 13.2 | % | ||
Retail REITs | 11.2 | % | ||
Industrial REITs | 10.9 | % | ||
Health Care REITs | 9.0 | % | ||
Office REITs | 7.9 | % | ||
Hotels & Resorts REITs | 3.5 | % | ||
|
| |||
100.0 | % |
SA Worldwide Moderate Growth Fund
PORTFOLIO OF INVESTMENTS AS OF SEPTEMBER 30, 2021 (Unaudited)
SHARES | VALUE | |||||||
MUTUAL FUNDS 100.0% | ||||||||
Other 100.0% | ||||||||
SA Emerging Markets Value Fund | 165,807 | $ | 1,779,110 | |||||
SA Global Fixed Income Fund | 596,247 | 5,598,757 | ||||||
SA International Value Fund | 438,992 | 5,364,486 | ||||||
SA Real Estate Securities Fund | 55,573 | 774,681 | ||||||
SA U.S. Core Market Fund | 144,953 | 4,352,931 | ||||||
SA U.S. Fixed Income Fund | 237,762 | 2,408,527 | ||||||
SA U.S. Small Company Fund | 53,595 | 1,775,082 | ||||||
SA U.S. Value Fund | 218,694 | 4,439,487 | ||||||
|
| |||||||
26,493,061 | ||||||||
|
| |||||||
TOTAL MUTUAL FUNDS |
| 26,493,061 | ||||||
|
| |||||||
Total Investments 100.0% |
| 26,493,061 | ||||||
Liabilities, Less Cash and Other Assets 0.0% |
| (355 | ) | |||||
|
| |||||||
Net Assets 100.0% | $ | 26,492,706 | ||||||
|
|
| See Note 1 |
| SA Worldwide Moderate Growth Fund invests substantially all of its assets in the Select Class shares of the affiliated Underlying SA Funds |
The accompanying notes are an integral part of these portfolio of investments.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 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 September 30, 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 September 30, 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 Fair Value as of September 30, 2021 | ||||||||||||
SA U.S. Fixed Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds and Notes | $ | | $ | 69,545,569 | $ | | $ | 69,545,569 | ||||||||
US Government & Agency Obligations | | 454,613,031 | 454,613,031 | |||||||||||||
Short-Term Investments | 952,189 | | | 952,189 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 952,189 | $ | 524,158,600 | $ | | $ | 525,110,789 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Global Fixed Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bonds and Notes | $ | | $ | 822,259,004 | $ | | $ | 822,259,004 | ||||||||
Short-Term Investments | 40,119,882 | | | 40,119,882 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts | | 1,549,717 | | 1,549,717 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 40,119,882 | $ | 823,808,721 | $ | | $ | 863,928,603 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts | $ | | $ | (295,996 | ) | $ | | $ | (295,996 | ) | ||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 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 Fair Value as of September 30, 2021 | ||||||||||||
SA U.S. Core Market Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 678,138,497 | $ | | $ | | $ | 678,138,497 | ||||||||
Preferred Stocks | 11,680 | | | 11,680 | ||||||||||||
Mutual Funds | 28,933,692 | | | 28,933,692 | ||||||||||||
Short-Term Investments | 2,395,260 | | | 2,395,260 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 709,479,129 | $ | | $ | $ | 709,479,129 | |||||||||
|
|
|
|
|
|
|
| |||||||||
SA U.S. Value Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 592,103,737 | $ | | $ | | $ | 592,103,737 | ||||||||
Short-Term Investments | 1,428,253 | | | 1,428,253 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 593,531,990 | $ | | $ | | $ | 593,531,990 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA U.S. Small Company Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 368,085,408 | $ | | $ | 43,377 | | $ | 368,128,785 | |||||||
Preferred Stocks | 212,323 | | | 212,323 | ||||||||||||
Rights and Warrants | 1,991 | | 168 | | 2,159 | |||||||||||
Short-Term Investments | 2,595,277 | | | 2,595,277 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 370,894,999 | $ | | $ | 43,545 | $ | 370,938,544 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA International Value Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 609,942,264 | $ | | $ | 0 | | $ | 609,942,264 | |||||||
Preferred Stocks | 9,870,450 | | | 9,870,450 | ||||||||||||
Short-Term Investments | 28,241,760 | | | 28,241,760 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 648,054,474 | $ | | $ | 0 | $ | 648,054,474 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA International Small Company Fund | ||||||||||||||||
Assets | ||||||||||||||||
Mutual Funds | $ | 313,781,171 | $ | | $ | | $ | 313,781,171 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 313,781,171 | $ | | $ | | $ | 313,781,171 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Emerging Markets Value Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 211,595,322 | $ | 351,075 | $ | 336,432 | | $ | 212,282,829 | |||||||
Preferred Stocks | 2,316,914 | | | 2,316,914 | ||||||||||||
Rights and Warrants | | 17,592 | | 17,592 | ||||||||||||
Short-Term Investments | 4,226,541 | | | 4,226,541 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 218,138,777 | $ | 368,667 | $ | 336,432 | $ | 218,843,876 | ||||||||
|
|
|
|
|
|
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 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 Fair Value as of September 30, 2021 | ||||||||||||
SA Real Estate Securities Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 166,503,371 | $ | | $ | 459 | $ | 166,503,830 | ||||||||
Preferred Stocks | 7,974 | | | 7,974 | ||||||||||||
Short-Term Investments | 535,884 | | | 535,884 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 167,047,229 | $ | | $ | 459 | $ | 167,047,688 | ||||||||
|
|
|
|
|
|
|
| |||||||||
SA Worldwide Moderate Growth Fund | ||||||||||||||||
Assets | ||||||||||||||||
Mutual Funds | $ | 26,493,061 | $ | | $ | | $ | 26,493,061 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | $ | 26,493,061 | $ | | $ | | $ | 26,493,061 | ||||||||
|
|
|
|
|
|
|
|
| Contains securities with a market value of zero. |
A reconciliation in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 assets and/or liabilities at the beginning and/or end of the period. No significant Level 3 assets and/or liabilities held at the beginning or end of the period.
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) or Dimensional Fund Advisor LP (the Sub-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 September 30, 2021 (Unaudited) (Continued)
As of September 30, 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 | |||||||||||||
SA Global Fixed Income Fund | $ | 51,692,022 | $ | 39,684,178 | $ | 13,100,152 | $ | 52,784,330 | ||||||||
SA U.S Core Market Fund | 2,604,968 | 771,889 | 1,910,121 | 2,682,010 | ||||||||||||
SA U.S. Value Fund | 194,259 | 100,450 | 99,536 | 199,986 | ||||||||||||
SA U.S. Small Company Fund | 9,950,692 | 2,327,905 | 7,964,222 | 10,292,127 | ||||||||||||
SA International Value Fund | 55,335,069 | 27,777,682 | 29,801,513 | 57,579,195 | ||||||||||||
SA Emerging Markets Value Fund | 8,014,270 | 3,563,122 | 4,874,590 | 8,437,712 | ||||||||||||
SA Real Estate Securities Fund | 3,994,936 | 97,802 | 3,997,012 | 4,094,814 |
* | 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 September 30, 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 | $ | 39,684,178 | $ | | $ | | $ | | $ | 39,684,178 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 39,684,178 | $ | | $ | | $ | | $ | 39,684,178 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 39,684,178 | |||||||||||||||||
|
| |||||||||||||||||||
SA U.S. Core Market Fund |
| |||||||||||||||||||
Government Money Market | $ | 771,889 | $ | | $ | | $ | | $ | 771,889 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 771,889 | $ | | $ | | $ | | $ | 771,889 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 771,889 | |||||||||||||||||
|
| |||||||||||||||||||
SA U.S. Value Fund | ||||||||||||||||||||
Government Money Market | $ | 100,450 | $ | | $ | | $ | | $ | 100,450 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 100,450 | $ | | $ | | $ | | $ | 100,450 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 100,450 | |||||||||||||||||
|
| |||||||||||||||||||
SA U.S. Small Company Fund | ||||||||||||||||||||
Government Money Market | $ | 2,327,905 | $ | | $ | | $ | | $ | 2,327,905 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 2,327,905 | $ | | $ | | $ | | $ | 2,327,905 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 2,327,905 | |||||||||||||||||
|
|
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2021 (Unaudited) (Continued)
Remaining Contractual Maturity of the Agreements As of September 30, 2021 | ||||||||||||||||||||
Securities Lending Transaction (1) | Overnight and Continuous | <30 days | Between 30 & 90 days | >90 days | Total | |||||||||||||||
SA International Value Fund |
| |||||||||||||||||||
Government Money Market | $ | 27,777,682 | $ | | $ | | $ | | $ | 27,777,682 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 27,777,682 | $ | | $ | | $ | | $ | 27,777,682 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 27,777,682 | |||||||||||||||||
|
| |||||||||||||||||||
SA Emerging Markets Value Fund | ||||||||||||||||||||
Government Money Market | $ | 3,563,122 | $ | | $ | | $ | | $ | 3,563,122 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 3,563,122 | $ | | $ | | $ | | $ | 3,563,122 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 3,563,122 | |||||||||||||||||
|
| |||||||||||||||||||
SA Real Estate Securities Fund | ||||||||||||||||||||
Government Money Market | $ | 97,802 | $ | | $ | | $ | | $ | 97,802 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Borrowings | $ | 97,802 | $ | | $ | | $ | | $ | 97,802 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Gross amount of recognized liabilities for securities lending transactions |
| $ | 97,802 | |||||||||||||||||
|
|
(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.
SA FUNDS
NOTES TO PORTFOLIOS OF INVESTMENTS September 30, 2021 (Unaudited) (Continued)
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.
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 September 30, 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 | $ | 526,210,474 | $ | 37,706 | $ | (1,137,391 | ) | $ | (1,099,685 | ) | ||||||
SA Global Fixed Income Fund | 868,228,902 | 789,996 | (6,640,012 | ) | (5,850,016 | ) | ||||||||||
SA U.S. Core Market Fund | 165,306,462 | 545,383,422 | (1,210,755 | ) | 544,172,667 | |||||||||||
SA U.S. Value Fund | 344,863,453 | 262,806,202 | (14,137,665 | ) | 248,668,537 | |||||||||||
SA U.S. Small Company Fund | 202,119,226 | 181,473,933 | (12,654,615 | ) | 168,819,318 | |||||||||||
SA International Value Fund | 548,821,785 | 140,773,597 | (41,540,908 | ) | 99,232,689 | |||||||||||
SA International Small Company Fund | 146,858,919 | 166,922,252 | | 166,922,252 | ||||||||||||
SA Emerging Markets Value Fund | 185,279,745 | 55,267,576 | (21,703,445 | ) | 33,564,131 | |||||||||||
SA Real Estate Securities Fund | 82,200,135 | 88,299,128 | (3,451,575 | ) | 84,847,553 | |||||||||||
SA Worldwide Moderate Growth | 22,129,574 | 4,418,110 | (54,623 | ) | 4,363,487 |
DFA INVESTMENT DIMENSIONS GROUP INC.
DEFINITIONS OF ABBREVIATIONS AND FOOTNOTES
Investment Abbreviations | ||
ST | Special Tax | |
SA | Special Assessment | |
P.L.C. | Public Limited Company | |
ADR | American Depositary Receipt | |
BAM | Build America Mutual | |
Investment Footnotes | ||
| See Security Valuation Note within the Notes to Schedules of Investments. | |
^^ | See Federal Tax Cost Note within the Notes to Schedules of Investments. | |
» | Securities have generally been fair valued. See Security Valuation Note within the Notes to Schedules of Investments. | |
# | Total or Partial Securities on Loan. | |
* | Non-Income Producing Securities. | |
@ | Security purchased with cash collateral received from Securities on Loan. | |
§ | Affiliated Fund. | |
W | Rule 144A, Section 4(2), or other security that is restricted as to resale to institutional investors. This security has been deemed liquid based upon the Funds Liquidity Guidelines. The liquidity determination is unaudited. |
INTERNATIONAL SMALL COMPANY PORTFOLIO
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Value | ||||
AFFILIATED INVESTMENT COMPANIES (99.1%) | ||||
Investment in The Continental Small Company Series of | $ | 5,402,961,062 | ||
Investment in The Japanese Small Company Series of | 3,113,636,984 | |||
Investment in The United Kingdom Small Company Series of | 1,847,214,347 | |||
Investment in The Asia Pacific Small Company Series of | 1,358,803,731 | |||
Investment in The Canadian Small Company Series of | 1,319,414,023 | |||
|
| |||
TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES | $ | 13,042,030,147 | ||
|
|
Shares | ||||||||
TEMPORARY CASH INVESTMENTS (0.9%) |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.025% | 124,927,470 | 124,927,470 | ||||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | $ | 13,166,957,617 | ||||||
|
|
As of September 30, 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 | 556 | 12/17/21 | $ | 124,699,189 | $ | 119,477,450 | $ | (5,221,739 | ) | |||||||||||
|
|
|
|
|
| |||||||||||||||
Total Futures Contracts | $ | 124,699,189 | $ | 119,477,450 | $ | (5,221,739 | ) | |||||||||||||
|
|
|
|
|
|
Summary of the Portfolios investments as of September 30, 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 | |||||||||||||
Affiliated Investment Companies | $ | 13,042,030,147 | | | $ | 13,042,030,147 | ||||||||||
Temporary Cash Investments | 124,927,470 | | | 124,927,470 | ||||||||||||
Futures Contracts** | (5,221,739 | ) | | | (5,221,739 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 13,161,735,878 | | | $ | 13,161,735,878 | ||||||||||
|
|
|
|
|
|
|
|
** | 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 September 30, 2021, the Fund consisted of one hundred and one 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 increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio. 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 September 30, 2021, the total cost of securities for federal income tax purposes was $10,461,909.
RECENTLY ISSUED ACCOUNTING STANDARDS
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. Management has evaluated the implications of these changes and determined that the effect on the Portfolio is expected to be immaterial.
In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the Derivatives Rule) imposes limits on the amount of derivatives contracts the Portfolio could enter, eliminate the asset segregation framework currently used by the Portfolio to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Portfolio is required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Portfolio.
On December 3, 2020, the SEC adopted new rule 2a-5 (the _Valuation Rule) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good faith fair value determination and permits a Board to designate fair value determinations to a funds investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Portfolio.
CORONAVIRUS (COVID-19) PANDEMIC
The ongoing outbreak of the novel coronavirus, COVID-19, has resulted, at times, in market closures, market volatility, liquidity constraints and increased trading costs. Efforts to contain the spread of COVID-19 have resulted in global travel restrictions and disruptions of healthcare systems, business operations and supply chains, layoffs, reduced consumer demand, defaults and credit rating downgrades, and other significant economic impacts. The effects of COVID-19 have impacted global economic activity and may heighten pre-existing political, social and economic risks, domestically or globally. The full impact of the COVID-19 pandemic is unpredictable and may adversely affect the Portfolios performance.
SUBSEQUENT EVENT EVALUATIONS
On June 3, 2021, President Biden issued an Executive Order titled Addressing the Threat from Securities Investments that Finance Certain Companies of the Peoples Republic of China (the Order). The Order restricts investment in certain companies identified as Chinese Military Industrial Complex Companies by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. Management is currently evaluating the Orders effect on the Portfolio.
Management has evaluated the impact of all other subsequent events on the Portfolio through the date on which the financial statements were issued and has determined that there are no other subsequent events requiring recognition or disclosure in the financial statements.
THE JAPANESE SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Shares | Value» | |||||||
COMMON STOCKS (97.9%) |
| |||||||
COMMUNICATION SERVICES (3.1%) |
| |||||||
Accrete, Inc. | 20,600 | $ | 395,178 | |||||
# | Adways, Inc. | 94,000 | 662,371 | |||||
# | Aeria, Inc. | 15,800 | 62,950 | |||||
Akatsuki, Inc. | 45,400 | 1,296,957 | ||||||
* | Allied Architects, Inc. | 13,500 | 88,998 | |||||
* | AlphaPolis Co., Ltd. | 10,700 | 343,604 | |||||
Amuse, Inc. | 29,200 | 619,241 | ||||||
ARTERIA Networks Corp. | 49,900 | 734,339 | ||||||
Asahi Broadcasting Group Holdings Corp. | 57,600 | 382,661 | ||||||
# | Asahi Net, Inc. | 109,100 | 749,380 | |||||
* | Atrae, Inc. | 93,600 | 1,983,263 | |||||
Avex, Inc. | 234,900 | 3,143,114 | ||||||
#* | Bengo4.com, Inc. | 44,400 | 2,540,417 | |||||
#* | Broadmedia Corp. | 5,520 | 39,569 | |||||
Broccoli Co., Ltd. | 4,400 | 57,100 | ||||||
* | CareerIndex, Inc. | 6,500 | 53,324 | |||||
# | Carta Holdings, Inc. | 28,300 | 646,150 | |||||
Ceres, Inc. | 50,700 | 1,189,270 | ||||||
* | COLOPL, Inc. | 86,300 | 620,996 | |||||
* | COOKPAD, Inc. | 183,200 | 405,604 | |||||
Daiichikosho Co., Ltd. | 26,300 | 973,818 | ||||||
DeNA Co., Ltd. | 338,900 | 6,286,158 | ||||||
Digital Holdings, Inc. | 56,800 | 939,904 | ||||||
# | Dip Corp. | 195,400 | 7,455,780 | |||||
#* | Drecom Co., Ltd. | 22,600 | 104,986 | |||||
* | eBook Initiative Japan Co., Ltd. | 21,100 | 852,523 | |||||
# | Faith, Inc. | 56,010 | 363,313 | |||||
FAN Communications, Inc. | 189,000 | 765,076 | ||||||
Fibergate, Inc. | 19,700 | 268,929 | ||||||
* | FreakOut Holdings, Inc. | 5,800 | 104,301 | |||||
Freebit Co., Ltd. | 55,300 | 592,762 | ||||||
Fuji Media Holdings, Inc. | 116,600 | 1,233,863 | ||||||
#* | GA Technologies Co., Ltd. | 2,400 | 21,807 | |||||
Gakken Holdings Co., Ltd. | 132,500 | 1,445,371 | ||||||
geechs, Inc. | 8,300 | 111,297 | ||||||
Gree, Inc. | 722,000 | 3,977,077 | ||||||
# | Gumi, Inc. | 182,400 | 1,320,658 | |||||
GungHo Online Entertainment, Inc. | 273,700 | 5,018,519 | ||||||
#* | Imagica Group, Inc. | 112,500 | 522,739 | |||||
Imagineer Co., Ltd. | 1,600 | 14,612 | ||||||
Intage Holdings, Inc. | 223,800 | 3,278,459 | ||||||
Internet Initiative Japan, Inc. | 205,400 | 7,095,979 | ||||||
# | IPS, Inc. | 17,200 | 317,206 | |||||
ITmedia, Inc. | 53,900 | 1,096,139 | ||||||
#* | Itokuro, Inc. | 46,200 | 407,705 | |||||
* | Jimoty, Inc. | 1,000 | 30,444 | |||||
# | J-Stream, Inc. | 19,000 | 197,836 | |||||
Kamakura Shinsho, Ltd. | 25,700 | 197,396 | ||||||
* | KLab, Inc. | 217,400 | 1,216,105 | |||||
Legs Co., Ltd. | 20,700 | 359,815 | ||||||
* | LIFULL Co., Ltd. | 444,000 | 1,469,606 | |||||
* | Link-U, Inc. | 2,500 | 27,410 | |||||
#* | Macbee Planet, Inc. | 2,400 | 192,725 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
COMMUNICATION SERVICES (Continued) |
| |||||||
Macromill, Inc. | 234,500 | $ | 1,740,511 | |||||
MarkLines Co., Ltd. | 72,900 | 2,024,867 | ||||||
Marvelous, Inc. | 195,700 | 1,235,150 | ||||||
# | Members Co., Ltd. | 50,400 | 1,571,674 | |||||
# | Mixi, Inc. | 259,600 | 5,838,933 | |||||
* | Mobile Factory, Inc. | 10,500 | 99,406 | |||||
# | MTI, Ltd. | 133,200 | 908,348 | |||||
* | Mynet, Inc. | 3,500 | 20,355 | |||||
* | NexTone, Inc. | 26,300 | 747,187 | |||||
Okinawa Cellular Telephone Co. | 82,400 | 4,024,430 | ||||||
# | Orchestra Holdings, Inc. | 3,000 | 112,242 | |||||
Oricon, Inc. | 25,600 | 234,454 | ||||||
#* | PR Times, Inc. | 11,900 | 336,989 | |||||
Proto Corp. | 160,300 | 2,208,346 | ||||||
# | Septeni Holdings Co., Ltd. | 437,600 | 1,853,658 | |||||
#* | Shobunsha Holdings, Inc. | 214,700 | 969,113 | |||||
SKY Perfect JSAT Holdings, Inc. | 930,500 | 3,565,832 | ||||||
SoldOut, Inc. | 6,300 | 92,441 | ||||||
TBS Holdings, Inc. | 26,400 | 403,397 | ||||||
Tohokushinsha Film Corp. | 94,800 | 568,415 | ||||||
#* | Tokyu Recreation Co., Ltd. | 19,200 | 852,240 | |||||
# | Tow Co., Ltd. | 259,000 | 795,914 | |||||
Trenders, Inc. | 2,800 | 27,908 | ||||||
TV Asahi Holdings Corp. | 98,500 | 1,538,389 | ||||||
Tv Tokyo Holdings Corp. | 75,900 | 1,512,781 | ||||||
Usen-Next Holdings Co., Ltd. | 73,500 | 2,295,216 | ||||||
ValueCommerce Co., Ltd. | 111,400 | 4,756,573 | ||||||
# | V-Cube, Inc. | 80,700 | 1,133,453 | |||||
Vector, Inc. | 207,600 | 2,146,668 | ||||||
Wowow, Inc. | 37,900 | 826,745 | ||||||
# | Zenrin Co., Ltd. | 229,350 | 2,201,397 | |||||
|
| |||||||
TOTAL COMMUNICATION SERVICES | 110,917,836 | |||||||
|
| |||||||
CONSUMER DISCRETIONARY (14.3%) |
| |||||||
Adastria Co., Ltd. | 160,640 | 2,952,184 | ||||||
# | Adventure, Inc. | 8,800 | 704,167 | |||||
Aeon Fantasy Co., Ltd. | 48,932 | 946,245 | ||||||
Ahresty Corp. | 152,700 | 626,922 | ||||||
#* | Aigan Co., Ltd. | 60,800 | 120,675 | |||||
Ainavo Holdings Co., Ltd. | 5,600 | 51,340 | ||||||
Aisan Industry Co., Ltd. | 213,700 | 1,599,465 | ||||||
* | Akebono Brake Industry Co., Ltd. | 578,900 | 1,133,129 | |||||
# | Alleanza Holdings Co., Ltd. | 80,800 | 1,027,040 | |||||
Alpen Co., Ltd. | 104,100 | 2,893,644 | ||||||
Alpha Corp. | 38,400 | 438,676 | ||||||
Amiyaki Tei Co., Ltd. | 28,200 | 739,662 | ||||||
# | AOKI Holdings, Inc. | 244,500 | 1,586,121 | |||||
#* | Aoyama Trading Co., Ltd. | 249,400 | 1,886,178 | |||||
Arata Corp. | 87,800 | 3,460,744 | ||||||
Arcland Service Holdings Co., Ltd. | 94,800 | 2,027,581 | ||||||
Asahi Co., Ltd. | 110,100 | 1,315,188 | ||||||
# | Asante, Inc. | 43,400 | 692,411 | |||||
* | Ashimori Industry Co., Ltd. | 29,499 | 274,601 | |||||
ASKUL Corp. | 226,900 | 3,327,084 | ||||||
Asti Corp. | 19,400 | 324,997 | ||||||
# | Atom Corp. | 229,100 | 1,614,419 | |||||
* | Atsugi Co., Ltd. | 103,500 | 596,386 | |||||
Aucnet, Inc. | 61,600 | 1,256,678 | ||||||
# | Autobacs Seven Co., Ltd. | 438,800 | 5,828,431 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
Avantia Co., Ltd. | 74,800 | $ | 600,570 | |||||
Baroque Japan, Ltd. | 90,200 | 719,187 | ||||||
* | Beaglee, Inc. | 17,700 | 238,512 | |||||
# | Beauty Garage, Inc. | 20,100 | 655,052 | |||||
Beenos, Inc. | 12,600 | 355,465 | ||||||
# | Belluna Co., Ltd. | 335,500 | 2,551,158 | |||||
Benesse Holdings, Inc. | 248,000 | 5,608,004 | ||||||
# | Bic Camera, Inc. | 394,200 | 3,757,607 | |||||
# | Bike O & Co., Ltd. | 33,600 | 431,032 | |||||
Bookoff Group Holdings, Ltd. | 66,600 | 589,191 | ||||||
Can Do Co., Ltd. | 65,100 | 1,112,597 | ||||||
Central Automotive Products, Ltd. | 81,500 | 2,215,695 | ||||||
# | Central Sports Co., Ltd. | 45,800 | 1,061,701 | |||||
# | Chieru Co., Ltd. | 1,900 | 22,321 | |||||
Chiyoda Co., Ltd. | 110,800 | 844,440 | ||||||
Chofu Seisakusho Co., Ltd. | 128,100 | 2,406,914 | ||||||
Chuo Spring Co., Ltd. | 81,700 | 810,019 | ||||||
Cleanup Corp. | 139,400 | 724,638 | ||||||
# | Colowide Co., Ltd. | 8,100 | 127,790 | |||||
# | Corona Corp. | 97,200 | 793,360 | |||||
#* | Create Restaurants Holdings, Inc. | 558,900 | 4,965,419 | |||||
* | CROOZ, Inc. | 19,600 | 233,773 | |||||
# | Curves Holdings Co., Ltd. | 157,000 | 1,303,799 | |||||
# | Daido Metal Co., Ltd. | 256,600 | 1,409,828 | |||||
#* | Daidoh, Ltd. | 97,800 | 149,875 | |||||
Daikoku Denki Co., Ltd. | 56,400 | 640,848 | ||||||
Daikyonishikawa Corp. | 255,500 | 1,486,514 | ||||||
# | Daimaruenawin Co., Ltd. | 3,400 | 45,995 | |||||
Dainichi Co., Ltd. | 67,100 | 469,304 | ||||||
DCM Holdings Co., Ltd. | 735,000 | 7,120,080 | ||||||
Diamond Electric Holdings Co., Ltd. | 5,100 | 102,441 | ||||||
Doshisha Co., Ltd. | 156,400 | 2,454,576 | ||||||
Doutor Nichires Holdings Co., Ltd. | 186,086 | 2,940,128 | ||||||
# | Dynic Corp. | 36,400 | 255,992 | |||||
# | Eagle Industry Co., Ltd. | 168,200 | 1,859,194 | |||||
# | EAT& Holdings Co, Ltd. | 33,000 | 698,820 | |||||
# | EDION Corp. | 546,800 | 5,154,124 | |||||
Enigmo, Inc. | 157,600 | 1,755,603 | ||||||
ES-Con Japan, Ltd. | 11,800 | 85,473 | ||||||
Eslead Corp. | 47,700 | 712,380 | ||||||
ESTELLE Holdings Co., Ltd. | 12,600 | 73,825 | ||||||
# | Exedy Corp. | 191,400 | 2,920,294 | |||||
# | FCC Co., Ltd. | 231,100 | 3,255,636 | |||||
Felissimo Corp. | 20,600 | 322,442 | ||||||
Fields Corp. | 23,100 | 112,214 | ||||||
Fine Sinter Co., Ltd. | 10,300 | 162,638 | ||||||
First Juken Co., Ltd. | 46,400 | 552,143 | ||||||
# | First-corp, Inc. | 45,300 | 322,771 | |||||
# | FJ Next Co., Ltd. | 106,600 | 995,476 | |||||
Foster Electric Co., Ltd. | 134,000 | 1,105,605 | ||||||
F-Tech, Inc. | 88,600 | 490,086 | ||||||
Fuji Corp. | 72,800 | 807,369 | ||||||
Fuji Corp., Ltd. | 175,400 | 1,144,883 | ||||||
Fuji Kyuko Co., Ltd. | 8,600 | 368,887 | ||||||
Fujibo Holdings, Inc. | 66,200 | 2,500,356 | ||||||
# | Fujikura Composites, Inc. | 127,100 | 880,800 | |||||
Fujishoji Co., Ltd. | 52,700 | 440,658 | ||||||
* | Fujita Kanko, Inc. | 8,800 | 215,575 | |||||
# | FuKoKu Co., Ltd. | 66,400 | 631,919 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
# | Furukawa Battery Co., Ltd. (The) | 88,000 | $ | 1,190,892 | ||||
Furyu Corp. | 113,200 | 1,805,745 | ||||||
Futaba Industrial Co., Ltd. | 346,800 | 1,474,391 | ||||||
# | Gakkyusha Co., Ltd. | 49,300 | 617,524 | |||||
# | Genki Sushi Co., Ltd. | 29,900 | 796,486 | |||||
# | Geo Holdings Corp. | 213,100 | 2,402,814 | |||||
* | Gfoot Co., Ltd. | 19,400 | 70,611 | |||||
Gift, Inc. | 20,300 | 529,102 | ||||||
# | GLOBERIDE, Inc. | 106,198 | 3,727,521 | |||||
#* | Gokurakuyu Holdings Co., Ltd. | 24,900 | 68,209 | |||||
Golf Digest Online, Inc. | 64,100 | 783,318 | ||||||
# | GSI Creos Corp. | 63,184 | 602,890 | |||||
G-Tekt Corp. | 145,100 | 1,888,682 | ||||||
Gunze, Ltd. | 102,300 | 3,983,142 | ||||||
H2O Retailing Corp. | 542,045 | 4,685,228 | ||||||
Hagihara Industries, Inc. | 79,000 | 1,184,527 | ||||||
* | Hakuyosha Co., Ltd. | 12,400 | 235,474 | |||||
# | Hamee Corp. | 36,100 | 451,859 | |||||
Handsman Co., Ltd. | 43,500 | 672,147 | ||||||
Happinet Corp. | 99,600 | 1,341,242 | ||||||
Harada Industry Co., Ltd. | 23,300 | 197,762 | ||||||
Hard Off Corp. Co., Ltd. | 58,800 | 414,601 | ||||||
Haruyama Holdings, Inc. | 54,800 | 293,059 | ||||||
Heian Ceremony Service Co., Ltd. | 8,300 | 67,325 | ||||||
Heiwa Corp. | 146,200 | 2,736,914 | ||||||
HI-LEX Corp. | 119,400 | 1,888,462 | ||||||
Himaraya Co., Ltd. | 32,100 | 350,095 | ||||||
Hinokiya Group Co., Ltd. | 8,900 | 185,879 | ||||||
# | H-One Co., Ltd. | 136,000 | 888,665 | |||||
Honeys Holdings Co., Ltd. | 118,640 | 1,171,671 | ||||||
Hoosiers Holdings | 227,700 | 1,376,384 | ||||||
#* | Hotland Co., Ltd. | 41,100 | 511,487 | |||||
House Do Co., Ltd. | 57,400 | 524,471 | ||||||
IBJ, Inc. | 125,900 | 1,276,829 | ||||||
# | Ichibanya Co., Ltd. | 95,758 | 3,910,637 | |||||
Ichikoh Industries, Ltd. | 186,900 | 1,001,674 | ||||||
IDOM, Inc. | 380,600 | 3,429,619 | ||||||
IJTT Co., Ltd. | 143,880 | 778,274 | ||||||
# | Imasen Electric Industrial | 50,200 | 313,647 | |||||
# | Isetan Mitsukoshi Holdings, Ltd. | 88,800 | 667,396 | |||||
Izuhakone Railway Co., Ltd. | 300 | 0 | ||||||
# | Izumi Co., Ltd. | 42,600 | 1,417,307 | |||||
J Front Retailing Co., Ltd. | 465,600 | 4,487,959 | ||||||
# | Janome Sewing Machine Co., Ltd. | 109,400 | 715,725 | |||||
# | Japan Best Rescue System Co., Ltd. | 114,400 | 1,289,819 | |||||
Japan Wool Textile Co., Ltd. (The) | 347,600 | 3,154,406 | ||||||
# | JFLA Holdings, Inc. | 106,300 | 380,534 | |||||
# | JINS Holdings, Inc. | 82,900 | 6,042,717 | |||||
#* | Joban Kosan Co., Ltd. | 42,799 | 581,872 | |||||
# | Joshin Denki Co., Ltd. | 109,800 | 2,484,799 | |||||
Joyful Honda Co., Ltd. | 81,400 | 1,126,752 | ||||||
JP-Holdings, Inc. | 360,900 | 968,924 | ||||||
JVCKenwood Corp. | 1,051,800 | 1,970,584 | ||||||
#* | Kasai Kogyo Co., Ltd. | 172,100 | 579,659 | |||||
Kawai Musical Instruments Manufacturing Co., Ltd. | 36,600 | 1,186,418 | ||||||
Keiyo Co., Ltd. | 245,000 | 1,779,532 | ||||||
KeyHolder, Inc. | 2,100 | 14,548 | ||||||
# | KFC Holdings Japan, Ltd. | 84,900 | 2,250,560 | |||||
# | King Co., Ltd. | 54,100 | 245,206 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
#* | Kintetsu Department Store Co., Ltd. | 53,900 | $ | 1,306,464 | ||||
# | Ki-Star Real Estate Co., Ltd. | 48,700 | 2,470,246 | |||||
Kohnan Shoji Co., Ltd. | 152,700 | 5,023,845 | ||||||
# | Kojima Co., Ltd. | 197,700 | 1,190,357 | |||||
# | Komatsu Matere Co., Ltd. | 212,600 | 1,836,615 | |||||
KOMEDA Holdings Co., Ltd. | 304,100 | 6,032,479 | ||||||
Komehyo Holdings Co., Ltd. | 42,400 | 719,828 | ||||||
Komeri Co., Ltd. | 206,400 | 5,006,345 | ||||||
# | Konaka Co., Ltd. | 163,506 | 533,485 | |||||
# | Ks Holdings Corp. | 461,200 | 4,765,227 | |||||
# | KU Holdings Co., Ltd. | 115,500 | 1,157,713 | |||||
Kura Sushi, Inc. | 38,600 | 1,391,035 | ||||||
Kurabo Industries, Ltd. | 119,500 | 2,195,097 | ||||||
KYB Corp. | 131,300 | 3,551,138 | ||||||
LEC, Inc. | 156,800 | 1,519,765 | ||||||
LITALICO, Inc. | 101,600 | 3,170,855 | ||||||
# | Locondo, Inc. | 20,800 | 256,956 | |||||
Look Holdings, Inc. | 35,900 | 436,110 | ||||||
Mamiya-Op Co., Ltd. | 25,100 | 149,575 | ||||||
# | Mars Group Holdings Corp. | 83,200 | 1,223,988 | |||||
Maruzen CHI Holdings Co., Ltd. | 106,300 | 367,581 | ||||||
Matsuoka Corp. | 10,200 | 130,464 | ||||||
Matsuyafoods Holdings Co., Ltd. | 56,700 | 1,875,327 | ||||||
Media Do Co., Ltd. | 54,200 | 2,377,241 | ||||||
Meiko Network Japan Co., Ltd. | 116,000 | 673,155 | ||||||
Meiwa Estate Co., Ltd. | 78,000 | 442,824 | ||||||
Mikuni Corp. | 154,900 | 447,537 | ||||||
#* | Mitsuba Corp. | 209,590 | 1,244,654 | |||||
Mizuno Corp. | 118,000 | 2,806,883 | ||||||
Monogatari Corp. (The) | 70,400 | 4,934,559 | ||||||
Morito Co., Ltd. | 107,800 | 683,755 | ||||||
MrMax Holdings, Ltd. | 161,600 | 987,226 | ||||||
Murakami Corp. | 31,800 | 819,619 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 302,800 | 5,304,625 | ||||||
# | Nafco Co., Ltd. | 53,200 | 885,564 | |||||
Nagase Brothers, Inc. | 200 | 10,118 | ||||||
# | Nagawa Co., Ltd. | 48,800 | 5,384,155 | |||||
# | Nakayamafuku Co., Ltd. | 74,400 | 282,312 | |||||
# | New Art Holdings Co., Ltd. | 28,734 | 312,890 | |||||
Nextage Co., Ltd. | 292,600 | 5,722,021 | ||||||
NHK Spring Co., Ltd. | 779,556 | 5,547,915 | ||||||
Nichirin Co., Ltd. | 61,160 | 973,756 | ||||||
Nihon House Holdings Co., Ltd. | 283,600 | 1,060,406 | ||||||
Nihon Plast Co., Ltd. | 107,800 | 635,898 | ||||||
Nihon Tokushu Toryo Co., Ltd. | 81,900 | 763,644 | ||||||
Nikki Co., Ltd. | 2,100 | 33,907 | ||||||
# | Nippon Felt Co., Ltd. | 84,000 | 337,933 | |||||
# | Nippon Piston Ring Co., Ltd. | 49,800 | 649,349 | |||||
Nippon Seiki Co., Ltd. | 303,200 | 3,186,309 | ||||||
Nishikawa Rubber Co., Ltd. | 36,700 | 551,589 | ||||||
# | Nishimatsuya Chain Co., Ltd. | 267,200 | 3,377,259 | |||||
Nissan Shatai Co., Ltd. | 495,000 | 3,536,064 | ||||||
Nissan Tokyo Sales Holdings Co., Ltd. | 166,400 | 371,255 | ||||||
Nittan Valve Co., Ltd. | 93,500 | 333,003 | ||||||
Nojima Corp. | 201,000 | 5,170,647 | ||||||
NOK Corp. | 226,800 | 2,656,790 | ||||||
Ohashi Technica, Inc. | 68,600 | 948,741 | ||||||
# | Ohsho Food Service Corp. | 86,600 | 4,735,022 | |||||
* | Oisix ra daichi, Inc. | 129,000 | 5,718,228 |
THE JAPANESE SMALL COMPANY SERIES
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CONSUMER DISCRETIONARY (Continued) |
| |||||||
Onward Holdings Co., Ltd. | 688,200 | $ | 2,226,648 | |||||
Ozu Corp. | 22,200 | 395,024 | ||||||
Pacific Industrial Co., Ltd. | 283,500 | 2,991,425 | ||||||
PAL GROUP Holdings Co., Ltd. | 139,800 | 2,321,580 | ||||||
PAPYLESS Co., Ltd. | 33,900 | 437,949 | ||||||
Paris Miki Holdings, Inc. | 131,400 | 313,444 | ||||||
PC Depot Corp. | 183,381 | 768,622 | ||||||
People Co., Ltd. | 14,600 | 131,425 | ||||||
Piolax, Inc. | 196,900 | 2,733,445 | ||||||
Plenus Co., Ltd. | 64,000 | 1,249,965 | ||||||
* | Premium Water Holdings, Inc. | 8,100 | 224,509 | |||||
# | Press Kogyo Co., Ltd. | 629,500 | 1,922,999 | |||||
# | Pressance Corp. | 109,900 | 1,804,060 | |||||
* | QB Net Holdings Co., Ltd. | 41,800 | 745,319 | |||||
Raccoon Holdings, Inc. | 111,700 | 1,561,837 | ||||||
* | Regal Corp. | 1,500 | 25,759 | |||||
# | Renaissance, Inc. | 36,200 | 409,832 | |||||
Resorttrust, Inc. | 523,464 | 10,274,918 | ||||||
Rhythm Co., Ltd. | 43,600 | 565,371 | ||||||
Riberesute Corp. | 46,100 | 343,136 | ||||||
# | Ride On Express Holdings Co., Ltd. | 46,900 | 682,498 | |||||
#* | Right On Co., Ltd. | 100,725 | 654,870 | |||||
Riken Corp. | 59,500 | 1,511,724 | ||||||
Riso Kyoiku Co., Ltd. | 671,200 | 2,647,319 | ||||||
Rock Field Co., Ltd. | 94,800 | 1,462,607 | ||||||
Roland Corp. | 36,800 | 1,685,128 | ||||||
Sacs Bar Holdings, Inc. | 130,950 | 669,319 | ||||||
Saizeriya Co., Ltd. | 187,300 | 4,877,670 | ||||||
San Holdings, Inc. | 59,900 | 807,854 | ||||||
Sanei Architecture Planning Co., Ltd. | 55,200 | 993,234 | ||||||
Sangetsu Corp. | 291,250 | 3,951,778 | ||||||
# | Sankyo Co., Ltd. | 218,700 | 5,436,786 | |||||
Sankyo Seiko Co., Ltd. | 248,900 | 1,231,555 | ||||||
# | Sanoh Industrial Co., Ltd. | 174,600 | 1,585,105 | |||||
Sanyei Corp. | 4,300 | 77,190 | ||||||
# | Sanyo Electric Railway Co., Ltd. | 112,598 | 1,975,029 | |||||
* | Sanyo Shokai, Ltd. | 64,699 | 607,112 | |||||
# | Scroll Corp. | 189,200 | 1,463,598 | |||||
Seiko Holdings Corp. | 165,881 | 3,342,629 | ||||||
Seiren Co., Ltd. | 304,000 | 5,718,998 | ||||||
Senshukai Co., Ltd. | 174,600 | 623,671 | ||||||
* | Shidax Corp. | 149,800 | 697,961 | |||||
Shikibo, Ltd. | 68,600 | 588,090 | ||||||
# | Shimojima Co., Ltd. | 48,800 | 552,469 | |||||
Shin-Nihon Tatemono Co., Ltd. | 26,200 | 96,605 | ||||||
Shoei Co., Ltd. | 152,600 | 6,884,861 | ||||||
* | Silver Life Co., Ltd. | 15,300 | 226,932 | |||||
Snow Peak, Inc. | 97,400 | 4,246,685 | ||||||
# | SNT Corp. | 197,100 | 422,452 | |||||
Soft99 Corp. | 84,400 | 924,032 | ||||||
Sotoh Co., Ltd. | 49,100 | 365,909 | ||||||
# | Space Value Holdings Co., Ltd. | 199,500 | 1,486,918 | |||||
SPK Corp. | 48,600 | 607,552 | ||||||
Sprix, Ltd. | 31,300 | 288,318 | ||||||
St Marc Holdings Co., Ltd. | 111,200 | 1,627,522 | ||||||
# | Step Co., Ltd. | 61,500 | 1,060,281 | |||||
Suminoe Textile Co., Ltd. | 32,800 | 557,547 | ||||||
Sumitomo Riko Co., Ltd. | 252,100 | 1,718,585 | ||||||
Suncall Corp. | 129,600 | 528,853 |
THE JAPANESE SMALL COMPANY SERIES
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CONSUMER DISCRETIONARY (Continued) |
| |||||||
#* | SuRaLa Net Co., Ltd. | 2,700 | $ | 54,447 | ||||
Syuppin Co., Ltd. | 134,200 | 1,535,910 | ||||||
# | T RAD Co., Ltd. | 43,500 | 1,203,661 | |||||
Tachikawa Corp. | 71,600 | 839,729 | ||||||
Tachi-S Co., Ltd. | 203,740 | 2,309,262 | ||||||
# | Taiho Kogyo Co., Ltd. | 113,300 | 847,378 | |||||
Takashimaya Co., Ltd. | 848,600 | 9,447,164 | ||||||
Takasho Co., Ltd. | 15,400 | 125,037 | ||||||
* | Take And Give Needs Co., Ltd. | 7,410 | 77,791 | |||||
Takihyo Co., Ltd. | 30,600 | 520,694 | ||||||
Tama Home Co., Ltd. | 107,600 | 2,610,542 | ||||||
Tamron Co., Ltd. | 105,800 | 2,508,880 | ||||||
# | Tbk Co., Ltd. | 155,300 | 583,611 | |||||
# | Tear Corp. | 60,900 | 272,082 | |||||
Temairazu, Inc. | 14,900 | 853,877 | ||||||
Tenpos Holdings Co., Ltd. | 1,500 | 30,804 | ||||||
# | T-Gaia Corp. | 138,100 | 2,451,422 | |||||
Tigers Polymer Corp. | 79,800 | 305,642 | ||||||
Toa Corp. | 161,700 | 1,202,973 | ||||||
Toabo Corp. | 45,799 | 177,472 | ||||||
Tokai Rika Co., Ltd. | 326,000 | 4,664,317 | ||||||
Token Corp. | 47,250 | 4,180,575 | ||||||
* | Tokyo Base Co., Ltd. | 130,100 | 822,578 | |||||
Tokyo Individualized Educational Institute, Inc. | 103,700 | 618,719 | ||||||
Tokyo Radiator Manufacturing Co., Ltd. | 24,300 | 131,193 | ||||||
Tokyotokeiba Co., Ltd. | 99,900 | 3,914,231 | ||||||
Tomy Co., Ltd. | 582,293 | 5,939,952 | ||||||
Topre Corp. | 224,500 | 2,651,346 | ||||||
# | Toridoll Holdings Corp. | 316,400 | 7,970,593 | |||||
Tosho Co., Ltd. | 10,200 | 176,381 | ||||||
TPR Co., Ltd. | 159,300 | 2,126,618 | ||||||
Treasure Factory Co., Ltd. | 10,300 | 84,906 | ||||||
TS Tech Co., Ltd. | 410,086 | 5,269,228 | ||||||
* | TSI Holdings Co., Ltd. | 310,995 | 986,197 | |||||
* | Tsukada Global Holdings, Inc. | 86,100 | 275,950 | |||||
# | Tsukamoto Corp. Co., Ltd. | 18,100 | 227,192 | |||||
Tsutsumi Jewelry Co., Ltd. | 41,500 | 805,437 | ||||||
Twinbird Corp. | 9,200 | 78,927 | ||||||
Unipres Corp. | 241,100 | 1,976,459 | ||||||
United Arrows, Ltd. | 700 | 13,727 | ||||||
* | Unitika, Ltd. | 373,200 | 1,313,804 | |||||
Univance Corp. | 10,000 | 48,470 | ||||||
* | Universal Entertainment Corp. | 86,500 | 1,944,854 | |||||
Valuence Holdings, Inc. | 1,600 | 45,342 | ||||||
* | Village Vanguard Co., Ltd. | 36,600 | 361,746 | |||||
VT Holdings Co., Ltd. | 526,200 | 2,581,904 | ||||||
Wacoal Holdings Corp. | 269,100 | 5,703,350 | ||||||
Waseda Academy Co., Ltd. | 43,600 | 384,575 | ||||||
# | Watts Co., Ltd. | 52,100 | 408,803 | |||||
Weds Co., Ltd. | 14,500 | 68,309 | ||||||
#* | World Co., Ltd. | 87,900 | 1,171,273 | |||||
Xebio Holdings Co., Ltd. | 165,200 | 1,676,382 | ||||||
Yachiyo Industry Co., Ltd. | 43,500 | 387,180 | ||||||
Yagi & Co., Ltd. | 18,600 | 247,909 | ||||||
#* | Yamae Hisano Co., Ltd. | 9,400 | 108,954 | |||||
Yamato International, Inc. | 100,500 | 294,592 | ||||||
Yasunaga Corp. | 53,200 | 588,398 | ||||||
Yellow Hat, Ltd. | 222,800 | 3,886,460 | ||||||
Yondoshi Holdings, Inc. | 97,520 | 1,598,331 |
THE JAPANESE SMALL COMPANY SERIES
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CONSUMER DISCRETIONARY (Continued) |
| |||||||
Yorozu Corp. | 134,600 | $ | 1,445,627 | |||||
Yutaka Giken Co., Ltd. | 8,700 | 154,706 | ||||||
Zojirushi Corp. | 14,700 | 235,260 | ||||||
|
| |||||||
TOTAL CONSUMER DISCRETIONARY | 507,451,934 | |||||||
|
| |||||||
CONSUMER STAPLES (7.4%) |
| |||||||
# | Aeon Hokkaido Corp. | 192,500 | 2,138,143 | |||||
# | AFC-HD AMS Life Science Co., Ltd. | 53,800 | 591,454 | |||||
Ain Holdings, Inc. | 83,300 | 5,189,994 | ||||||
# | Albis Co., Ltd. | 38,700 | 824,841 | |||||
Arcs Co., Ltd. | 274,400 | 5,573,284 | ||||||
Artnature, Inc. | 116,400 | 754,887 | ||||||
# | Axial Retailing, Inc. | 108,000 | 3,660,067 | |||||
Belc Co., Ltd. | 67,800 | 3,552,654 | ||||||
Bourbon Corp. | 54,800 | 1,187,537 | ||||||
Bull-Dog Sauce Co., Ltd. | 3,000 | 63,381 | ||||||
Cawachi, Ltd. | 77,000 | 1,559,317 | ||||||
#* | CBON COSMETICS Co., Ltd. | 10,800 | 181,462 | |||||
Chubu Shiryo Co., Ltd. | 152,100 | 1,554,476 | ||||||
Chuo Gyorui Co., Ltd. | 9,800 | 256,371 | ||||||
cocokara fine, Inc. | 127,060 | 9,509,949 | ||||||
Como Co., Ltd. | 2,600 | 61,952 | ||||||
# | Cota Co., Ltd. | 103,265 | 1,538,184 | |||||
Create SD Holdings Co., Ltd. | 106,700 | 3,585,925 | ||||||
Daikokutenbussan Co., Ltd. | 36,700 | 2,157,853 | ||||||
Delica Foods Holdings Co., Ltd. | 66,400 | 387,200 | ||||||
# | DyDo Group Holdings, Inc. | 59,300 | 3,024,162 | |||||
Earth Corp. | 69,600 | 4,248,685 | ||||||
Ebara Foods Industry, Inc. | 30,900 | 701,214 | ||||||
Ecos Co., Ltd. | 46,600 | 817,992 | ||||||
Ensuiko Sugar Refining Co., Ltd. | 86,200 | 171,921 | ||||||
Ezaki Glico Co., Ltd. | 27,900 | 1,058,343 | ||||||
Feed One Co., Ltd. | 155,448 | 1,046,348 | ||||||
* | First Baking Co., Ltd. | 12,000 | 87,312 | |||||
Fuji Co., Ltd. | 118,700 | 2,319,044 | ||||||
Fuji Oil Holdings, Inc. | 114,200 | 2,678,274 | ||||||
Fujicco Co., Ltd. | 129,700 | 2,250,546 | ||||||
Fujiya Co., Ltd. | 70,000 | 1,526,615 | ||||||
# | G-7 Holdings, Inc. | 142,800 | 2,614,824 | |||||
Genky DrugStores Co., Ltd. | 51,000 | 2,252,863 | ||||||
# | HABA Laboratories, Inc. | 15,000 | 430,366 | |||||
Hagoromo Foods Corp. | 17,900 | 511,278 | ||||||
Halows Co., Ltd. | 54,500 | 1,385,295 | ||||||
Hayashikane Sangyo Co., Ltd. | 29,400 | 160,019 | ||||||
Heiwado Co., Ltd. | 194,900 | 3,785,880 | ||||||
Hokkaido Coca-Cola Bottling Co., Ltd. | 18,699 | 696,374 | ||||||
Hokuto Corp. | 141,500 | 2,492,875 | ||||||
# | Ichimasa Kamaboko Co., Ltd. | 43,100 | 362,109 | |||||
Imuraya Group Co., Ltd. | 61,500 | 1,277,822 | ||||||
# | Inageya Co., Ltd. | 33,600 | 412,619 | |||||
Itochu-Shokuhin Co., Ltd. | 35,100 | 1,665,379 | ||||||
Itoham Yonekyu Holdings, Inc. | 658,600 | 4,302,635 | ||||||
Iwatsuka Confectionery Co., Ltd. | 8,700 | 311,833 | ||||||
JM Holdings Co., Ltd. | 77,000 | 1,437,038 | ||||||
J-Oil Mills, Inc. | 131,200 | 2,159,790 | ||||||
Kadoya Sesame Mills, Inc. | 15,600 | 586,003 | ||||||
Kagome Co., Ltd. | 119,500 | 3,080,457 | ||||||
Kakiyasu Honten Co., Ltd. | 53,400 | 1,297,237 | ||||||
# | Kameda Seika Co., Ltd. | 86,000 | 3,420,927 |
THE JAPANESE SMALL COMPANY SERIES
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CONSUMER STAPLES (Continued) |
| |||||||
# | Kaneko Seeds Co., Ltd. | 44,700 | $ | 621,364 | ||||
Kanemi Co., Ltd. | 1,200 | 30,603 | ||||||
# | Kansai Super Market, Ltd. | 93,000 | 1,652,293 | |||||
Kato Sangyo Co., Ltd. | 152,100 | 4,503,922 | ||||||
Kenko Mayonnaise Co., Ltd. | 79,700 | 1,165,373 | ||||||
# | Key Coffee, Inc. | 4,900 | 94,868 | |||||
Kitanotatsujin Corp. | 293,000 | 1,224,611 | ||||||
KOIKE YA, Inc. | 300 | 13,731 | ||||||
# | Kusuri no Aoki Holdings Co., Ltd. | 52,400 | 3,600,916 | |||||
# | Kyokuyo Co., Ltd. | 63,799 | 1,721,490 | |||||
Lacto Japan Co., Ltd. | 44,200 | 1,111,738 | ||||||
Life Corp. | 66,200 | 2,652,962 | ||||||
Mandom Corp. | 83,700 | 1,201,261 | ||||||
# | Marudai Food Co., Ltd. | 136,300 | 2,118,685 | |||||
Maruha Nichiro Corp. | 213,807 | 5,063,837 | ||||||
Maxvalu Tokai Co., Ltd. | 45,800 | 1,066,829 | ||||||
Medical System Network Co., Ltd. | 161,200 | 1,010,656 | ||||||
Megmilk Snow Brand Co., Ltd. | 277,400 | 5,699,998 | ||||||
Meito Sangyo Co., Ltd. | 57,500 | 884,363 | ||||||
Milbon Co., Ltd. | 159,852 | 9,794,742 | ||||||
Ministop Co., Ltd. | 90,500 | 1,167,156 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 110,000 | 2,868,576 | ||||||
Mitsui DM Sugar Holdings Co., Ltd. | 111,970 | 2,021,980 | ||||||
Miyoshi Oil & Fat Co., Ltd. | 42,900 | 521,857 | ||||||
Morinaga & Co., Ltd. | 160,399 | 5,915,695 | ||||||
Morinaga Milk Industry Co., Ltd. | 5,200 | 324,812 | ||||||
Morozoff, Ltd. | 18,900 | 955,012 | ||||||
# | MTG Co., Ltd. | 24,700 | 371,142 | |||||
Nagatanien Holdings Co., Ltd. | 76,300 | 1,440,412 | ||||||
Nakamuraya Co., Ltd. | 28,400 | 988,337 | ||||||
# | Natori Co., Ltd. | 65,000 | 1,138,867 | |||||
# | Nichimo Co., Ltd. | 17,000 | 309,273 | |||||
Nihon Chouzai Co., Ltd. | 73,420 | 1,123,234 | ||||||
Niitaka Co., Ltd. | 12,360 | 261,331 | ||||||
Nippn Corp. | 374,600 | 5,466,255 | ||||||
Nippon Beet Sugar Manufacturing Co., Ltd. | 67,100 | 997,092 | ||||||
Nippon Suisan Kaisha, Ltd. | 1,912,300 | 11,112,029 | ||||||
Nishimoto Co., Ltd. | 19,500 | 650,908 | ||||||
Nisshin Oillio Group, Ltd. (The) | 168,800 | 4,600,884 | ||||||
Nissin Sugar Co., Ltd. | 103,300 | 1,586,515 | ||||||
Nitto Fuji Flour Milling Co., Ltd. | 16,200 | 481,543 | ||||||
Noevir Holdings Co., Ltd. | 73,400 | 3,500,659 | ||||||
Oenon Holdings, Inc. | 317,700 | 1,097,484 | ||||||
#* | OIE Sangyo Co., Ltd. | 22,000 | 227,807 | |||||
Okuwa Co., Ltd. | 155,300 | 1,643,893 | ||||||
Olympic Group Corp. | 52,200 | 362,757 | ||||||
# | OUG Holdings, Inc. | 21,300 | 551,310 | |||||
# | Pickles Corp. | 53,600 | 896,075 | |||||
# | Prima Meat Packers, Ltd. | 183,500 | 4,648,522 | |||||
Qol Holdings Co., Ltd. | 167,400 | 2,264,823 | ||||||
Retail Partners Co., Ltd. | 107,600 | 1,194,296 | ||||||
Riken Vitamin Co., Ltd. | 148,900 | 2,501,809 | ||||||
Rokko Butter Co., Ltd. | 84,200 | 1,273,904 | ||||||
S Foods, Inc. | 116,762 | 3,209,813 | ||||||
S&B Foods, Inc. | 42,798 | 1,765,709 | ||||||
# | Sagami Rubber Industries Co., Ltd. | 57,700 | 561,184 | |||||
Sakata Seed Corp. | 14,000 | 438,983 | ||||||
San-A Co., Ltd. | 116,600 | 4,159,042 | ||||||
Sapporo Holdings, Ltd. | 390,700 | 8,966,789 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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CONSUMER STAPLES (Continued) |
| |||||||
Sato Foods Co., Ltd. | 800 | $ | 39,746 | |||||
Satudora Holdings Co., Ltd. | 1,300 | 26,453 | ||||||
# | Shinnihonseiyaku Co., Ltd. | 24,000 | 405,018 | |||||
Shinobu Foods Products Co., Ltd. | 1,600 | 9,324 | ||||||
Shoei Foods Corp. | 68,000 | 2,628,146 | ||||||
Showa Sangyo Co., Ltd. | 114,300 | 2,858,739 | ||||||
# | Soiken Holdings, Inc. | 24,200 | 75,076 | |||||
ST Corp. | 30,100 | 478,843 | ||||||
Starzen Co., Ltd. | 90,600 | 1,765,197 | ||||||
Takara Holdings, Inc. | 118,800 | 1,712,343 | ||||||
* | Toho Co., Ltd. | 49,900 | 775,721 | |||||
# | Torigoe Co., Ltd. (The) | 94,500 | 655,275 | |||||
Toyo Sugar Refining Co., Ltd. | 14,500 | 156,158 | ||||||
# | Transaction Co., Ltd. | 89,700 | 959,739 | |||||
United Super Markets Holdings, Inc. | 353,200 | 3,480,149 | ||||||
Valor Holdings Co., Ltd. | 225,800 | 4,878,053 | ||||||
Warabeya Nichiyo Holdings Co., Ltd. | 88,260 | 2,014,190 | ||||||
# | Watahan & Co., Ltd. | 97,400 | 1,102,431 | |||||
Yaizu Suisankagaku Industry Co., Ltd. | 62,100 | 567,094 | ||||||
YAKUODO Holdings Co., Ltd. | 69,400 | 1,509,702 | ||||||
Yamami Co. | 1,200 | 22,361 | ||||||
YA-MAN, Ltd. | 194,200 | 2,355,915 | ||||||
Yamatane Corp. | 61,600 | 877,803 | ||||||
# | Yamaya Corp. | 25,000 | 555,351 | |||||
# | Yamazawa Co., Ltd. | 11,800 | 183,418 | |||||
# | Yaoko Co., Ltd. | 19,200 | 1,181,395 | |||||
# | Yokohama Reito Co., Ltd. | 322,900 | 2,559,738 | |||||
Yomeishu Seizo Co., Ltd. | 48,700 | 817,784 | ||||||
* | Yoshimura Food Holdings KK | 29,300 | 197,299 | |||||
# | Yuasa Funashoku Co., Ltd. | 14,300 | 402,308 | |||||
Yutaka Foods Corp. | 3,900 | 66,426 | ||||||
|
| |||||||
TOTAL CONSUMER STAPLES | 263,022,216 | |||||||
|
| |||||||
ENERGY (1.0%) |
| |||||||
BP Castrol K.K. | 44,100 | 554,153 | ||||||
Cosmo Energy Holdings Co., Ltd. | 348,300 | 7,885,338 | ||||||
Fuji Kosan Co., Ltd. | 4,400 | 39,998 | ||||||
Fuji Oil Co., Ltd. | 292,200 | 702,529 | ||||||
Itochu Enex Co., Ltd. | 356,500 | 3,204,329 | ||||||
Japan Oil Transportation Co., Ltd. | 15,500 | 374,172 | ||||||
Japan Petroleum Exploration Co., Ltd. | 226,200 | 4,235,064 | ||||||
Mitsuuroko Group Holdings Co., Ltd. | 203,900 | 2,665,668 | ||||||
Modec, Inc. | 134,300 | 2,130,418 | ||||||
Nippon Coke & Engineering Co., Ltd. | 978,100 | 1,239,153 | ||||||
Sala Corp. | 324,100 | 1,869,370 | ||||||
# | San-Ai Oil Co., Ltd. | 396,200 | 5,227,051 | |||||
Sinanen Holdings Co., Ltd. | 47,500 | 1,546,490 | ||||||
Toa Oil Co., Ltd. | 46,200 | 1,197,627 | ||||||
Toyo Kanetsu K.K. | 48,700 | 1,139,219 | ||||||
|
| |||||||
TOTAL ENERGY | 34,010,579 | |||||||
|
| |||||||
FINANCIALS (8.3%) |
| |||||||
77 Bank, Ltd. (The) | 364,552 | 4,150,374 | ||||||
# | Advance Create Co., Ltd. | 63,400 | 599,999 | |||||
AEON Financial Service Co., Ltd. | 79,700 | 1,009,190 | ||||||
Aichi Bank, Ltd. (The) | 48,700 | 1,576,630 | ||||||
# | Aiful Corp. | 2,177,800 | 7,299,489 | |||||
# | Aizawa Securities Co., Ltd. | 214,900 | 1,930,639 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FINANCIALS (Continued) |
| |||||||
Akatsuki Corp. | 144,000 | $ | 478,326 | |||||
Akita Bank, Ltd. (The) | 88,440 | 1,152,594 | ||||||
Anicom Holdings, Inc. | 108,300 | 914,283 | ||||||
# | Aomori Bank, Ltd. (The) | 125,000 | 2,397,558 | |||||
Aozora Bank, Ltd. | 58,800 | 1,437,869 | ||||||
# | Aruhi Corp. | 135,900 | 1,584,372 | |||||
Asax Co., Ltd. | 9,300 | 60,663 | ||||||
Awa Bank, Ltd. (The) | 242,300 | 4,737,938 | ||||||
# | Bank of Iwate, Ltd. (The) | 82,982 | 1,273,022 | |||||
# | Bank of Kochi, Ltd. (The) | 56,100 | 417,095 | |||||
Bank of Nagoya, Ltd. (The) | 75,630 | 1,789,747 | ||||||
* | Bank of Okinawa, Ltd. (The) | 145,260 | 3,642,757 | |||||
Bank of Saga, Ltd. (The) | 86,320 | 1,134,009 | ||||||
Bank of the Ryukyus, Ltd. | 262,280 | 1,841,589 | ||||||
# | Bank of Toyama, Ltd. (The) | 14,500 | 292,786 | |||||
# | Casa, Inc. | 26,400 | 232,566 | |||||
Chiba Kogyo Bank, Ltd. (The) | 264,158 | 661,066 | ||||||
Chugoku Bank, Ltd. (The) | 580,000 | 4,463,700 | ||||||
Chukyo Bank, Ltd. (The) | 70,400 | 876,658 | ||||||
Credit Saison Co., Ltd. | 719,500 | 9,434,698 | ||||||
Daishi Hokuetsu Financial Group, Inc. | 271,000 | 6,149,350 | ||||||
Daito Bank, Ltd. (The) | 62,600 | 380,965 | ||||||
* | Dream Incubator, Inc. | 15,700 | 121,087 | |||||
eGuarantee, Inc. | 202,400 | 4,498,632 | ||||||
# | Ehime Bank, Ltd. (The) | 216,700 | 1,526,875 | |||||
Entrust, Inc. | 54,900 | 372,046 | ||||||
FIDEA Holdings Co., Ltd. | 128,790 | 1,465,002 | ||||||
First Bank of Toyama, Ltd. (The) | 319,000 | 844,145 | ||||||
First Brothers Co., Ltd. | 34,600 | 332,983 | ||||||
Fukui Bank, Ltd. (The) | 136,000 | 1,910,322 | ||||||
#* | Fukushima Bank, Ltd. (The) | 17,200 | 39,533 | |||||
Fuyo General Lease Co., Ltd. | 119,500 | 8,220,084 | ||||||
GCA Corp. | 125,600 | 1,564,580 | ||||||
GMO Financial Holdings, Inc. | 258,700 | 1,965,381 | ||||||
Gunma Bank, Ltd. (The) | 1,901,540 | 6,123,980 | ||||||
Hachijuni Bank, Ltd. (The) | 1,378,300 | 4,909,550 | ||||||
Hirogin Holdings, Inc. | 1,512,200 | 8,618,443 | ||||||
# | Hirose Tusyo, Inc. | 20,800 | 430,535 | |||||
* | Hokkoku Bank, Ltd. (The) | 150,800 | 2,945,678 | |||||
Hokuhoku Financial Group, Inc. | 832,900 | 6,367,834 | ||||||
Hyakugo Bank, Ltd. (The) | 1,433,909 | 4,168,859 | ||||||
Hyakujushi Bank, Ltd. (The) | 134,700 | 1,879,975 | ||||||
Ichiyoshi Securities Co., Ltd. | 230,400 | 1,416,532 | ||||||
# | IwaiCosmo Holdings, Inc. | 123,900 | 1,534,674 | |||||
Iyo Bank, Ltd. (The) | 1,002,118 | 5,143,883 | ||||||
* | J Trust Co., Ltd. | 345,400 | 1,535,419 | |||||
Jaccs Co., Ltd. | 150,900 | 4,104,492 | ||||||
Jafco Group Co., Ltd. | 204,100 | 13,027,802 | ||||||
#* | Japan Asia Investment Co., Ltd. | 93,300 | 206,015 | |||||
Japan Investment Adviser Co., Ltd. | 70,300 | 852,299 | ||||||
Japan Securities Finance Co., Ltd. | 581,200 | 4,492,649 | ||||||
# | Jimoto Holdings, Inc. | 113,150 | 693,995 | |||||
# | J-Lease Co., Ltd. | 31,900 | 593,083 | |||||
* | Juroku Bank, Ltd. (The) | 191,700 | 3,765,274 | |||||
Keiyo Bank, Ltd. (The) | 700,300 | 2,810,556 | ||||||
Kita-Nippon Bank, Ltd. (The) | 43,506 | 621,849 | ||||||
Kiyo Bank, Ltd. (The) | 430,890 | 6,097,562 | ||||||
Kyokuto Securities Co., Ltd. | 152,800 | 1,107,704 | ||||||
Kyushu Financial Group, Inc. | 1,545,837 | 5,535,863 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FINANCIALS (Continued) |
| |||||||
# | Kyushu Leasing Service Co., Ltd. | 34,000 | $ | 186,762 | ||||
#* | M&A Capital Partners Co., Ltd. | 92,100 | 5,090,751 | |||||
# | Marusan Securities Co., Ltd. | 336,700 | 1,918,358 | |||||
# | Matsui Securities Co., Ltd. | 450,500 | 3,272,613 | |||||
Mebuki Financial Group, Inc. | 1,100,400 | 2,410,859 | ||||||
# | Mercuria Holdings Co., Ltd. | 70,500 | 483,299 | |||||
# | Michinoku Bank, Ltd. (The) | 261,898 | 2,080,311 | |||||
# | Minkabu The Infonoid, Inc. | 21,700 | 682,961 | |||||
# | Mito Securities Co., Ltd. | 359,500 | 972,317 | |||||
Miyazaki Bank, Ltd. (The) | 107,900 | 2,016,907 | ||||||
Mizuho Leasing Co., Ltd. | 188,600 | 6,118,475 | ||||||
# | Monex Group, Inc. | 1,111,400 | 5,765,529 | |||||
# | Money Partners Group Co., Ltd. | 149,100 | 296,553 | |||||
Morningstar Japan KK | 76,200 | 356,475 | ||||||
Mortgage Service Japan, Ltd. | 22,900 | 215,725 | ||||||
# | Musashino Bank, Ltd. (The) | 205,300 | 3,367,343 | |||||
# | Nagano Bank, Ltd. (The) | 43,899 | 441,342 | |||||
Nanto Bank, Ltd. (The) | 191,700 | 3,431,497 | ||||||
NEC Capital Solutions, Ltd. | 60,200 | 1,139,358 | ||||||
Nishi-Nippon Financial Holdings, Inc. | 842,300 | 5,389,742 | ||||||
North Pacific Bank, Ltd. | 1,824,600 | 4,147,658 | ||||||
#* | OAK Capital Corp. | 319,800 | 285,840 | |||||
Ogaki Kyoritsu Bank, Ltd. (The) | 238,100 | 4,215,634 | ||||||
Oita Bank, Ltd. (The) | 84,199 | 1,418,607 | ||||||
Okasan Securities Group, Inc. | 1,062,700 | 3,847,831 | ||||||
Orient Corp. | 2,808,900 | 4,152,670 | ||||||
Premium Group Co., Ltd. | 39,700 | 1,228,673 | ||||||
Ricoh Leasing Co., Ltd. | 100,800 | 3,342,920 | ||||||
San ju San Financial Group, Inc. | 118,793 | 1,500,203 | ||||||
San-In Godo Bank, Ltd. (The) | 977,400 | 4,905,431 | ||||||
Sawada Holdings Co., Ltd. | 152,200 | 1,425,822 | ||||||
* | SBI Insurance Group Co., Ltd. | 7,600 | 87,925 | |||||
Senshu Ikeda Holdings, Inc. | 1,232,328 | 1,817,271 | ||||||
# | Seven Bank, Ltd. | 561,000 | 1,250,894 | |||||
Shiga Bank, Ltd. (The) | 300,900 | 5,107,567 | ||||||
Shikoku Bank, Ltd. (The) | 258,600 | 1,705,746 | ||||||
Shimizu Bank, Ltd. (The) | 58,200 | 860,624 | ||||||
# | Sparx Group Co., Ltd. | 604,900 | 1,661,127 | |||||
# | Strike Co., Ltd. | 51,700 | 1,950,649 | |||||
# | Suruga Bank, Ltd. | 893,400 | 3,320,108 | |||||
Taiko Bank, Ltd. (The) | 41,800 | 553,854 | ||||||
Tochigi Bank, Ltd. (The) | 565,200 | 926,374 | ||||||
# | Toho Bank, Ltd. (The) | 1,298,700 | 2,485,282 | |||||
# | Tohoku Bank, Ltd. (The) | 64,700 | 589,278 | |||||
Tokai Tokyo Financial Holdings, Inc. | 1,409,300 | 5,088,552 | ||||||
# | Tokyo Kiraboshi Financial Group, Inc. | 170,738 | 2,340,507 | |||||
Tomato Bank, Ltd. | 54,500 | 520,465 | ||||||
TOMONY Holdings, Inc. | 937,250 | 2,756,154 | ||||||
Tottori Bank, Ltd. (The) | 56,400 | 563,220 | ||||||
# | Towa Bank, Ltd. (The) | 210,300 | 1,022,560 | |||||
Toyo Securities Co., Ltd. | 390,800 | 588,242 | ||||||
Traders Holdings Co., Ltd. | 13,720 | 39,488 | ||||||
Tsukuba Bank, Ltd. | 461,800 | 747,723 | ||||||
* | Uzabase, Inc. | 59,200 | 1,285,523 | |||||
Yamagata Bank, Ltd. (The) | 143,600 | 1,098,974 | ||||||
Yamaguchi Financial Group, Inc. | 1,237,672 | 7,351,534 | ||||||
Yamanashi Chuo Bank, Ltd. (The) | 162,526 | 1,229,429 | ||||||
|
| |||||||
TOTAL FINANCIALS | 296,822,643 | |||||||
|
|
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HEALTH CARE (4.5%) |
| |||||||
Advantage Risk Management Co., Ltd. | 41,900 | $ | 396,035 | |||||
ASKA Pharmaceutical Holdings Co., Ltd. | 161,700 | 1,544,242 | ||||||
Astena Holdings Co., Ltd. | 194,800 | 1,127,883 | ||||||
BML, Inc. | 149,600 | 5,675,059 | ||||||
# | Carenet, Inc. | 130,800 | 1,626,249 | |||||
CE Holdings Co., Ltd. | 9,500 | 52,092 | ||||||
#* | CellSource Co., Ltd. | 6,600 | 1,120,614 | |||||
Charm Care Corp. KK | 113,900 | 1,821,827 | ||||||
CMIC Holdings Co., Ltd. | 63,200 | 844,999 | ||||||
Create Medic Co., Ltd. | 38,700 | 341,297 | ||||||
Daiken Medical Co., Ltd. | 116,700 | 641,212 | ||||||
Daito Pharmaceutical Co., Ltd. | 78,580 | 2,356,229 | ||||||
# | DATA HORIZON Co., Ltd. | 3,600 | 68,546 | |||||
# | Dvx, Inc. | 44,300 | 427,232 | |||||
Eiken Chemical Co., Ltd. | 203,900 | 3,827,051 | ||||||
Elan Corp. | 208,600 | 2,421,339 | ||||||
EM Systems Co., Ltd. | 219,500 | 1,576,582 | ||||||
FALCO HOLDINGS Co., Ltd. | 53,300 | 901,021 | ||||||
FINDEX, Inc. | 94,500 | 844,736 | ||||||
France Bed Holdings Co., Ltd. | 158,600 | 1,311,978 | ||||||
Fuji Pharma Co., Ltd. | 99,100 | 1,038,729 | ||||||
Fukuda Denshi Co., Ltd. | 63,200 | 5,523,078 | ||||||
Fuso Pharmaceutical Industries, Ltd. | 45,600 | 1,030,091 | ||||||
#* | GNI Group, Ltd. | 54,200 | 796,797 | |||||
H.U. Group Holdings, Inc. | 362,400 | 9,844,038 | ||||||
Hogy Medical Co., Ltd. | 103,900 | 2,966,515 | ||||||
Hoshi Iryo-Sanki Co., Ltd. | 9,600 | 349,356 | ||||||
# | Irom Group Co., Ltd. | 31,800 | 624,667 | |||||
#* | Japan Animal Referral Medical Center Co., Ltd. | 9,600 | 155,460 | |||||
* | Japan Hospice Holdings, Inc. | 11,300 | 211,189 | |||||
Japan Lifeline Co., Ltd. | 396,000 | 4,862,817 | ||||||
Japan Medical Dynamic Marketing, Inc. | 104,500 | 2,096,580 | ||||||
Jeol, Ltd. | 30,600 | 2,228,445 | ||||||
JMS Co., Ltd. | 104,457 | 780,137 | ||||||
Kaken Pharmaceutical Co., Ltd. | 125,100 | 5,147,675 | ||||||
Kanamic Network Co., Ltd. | 139,700 | 766,174 | ||||||
Kissei Pharmaceutical Co., Ltd. | 175,800 | 3,783,571 | ||||||
Koa Shoji Holdings Co., Ltd. | 4,100 | 25,581 | ||||||
# | KYORIN Holdings, Inc. | 261,400 | 4,158,461 | |||||
Linical Co., Ltd. | 71,700 | 508,192 | ||||||
Mani, Inc. | 149,300 | 2,847,981 | ||||||
Medical Data Vision Co., Ltd. | 171,100 | 2,363,664 | ||||||
Medikit Co., Ltd. | 2,000 | 53,466 | ||||||
Medius Holdings Co., Ltd. | 67,100 | 567,331 | ||||||
#* | MedPeer, Inc. | 74,300 | 2,521,405 | |||||
Menicon Co., Ltd. | 104,600 | 4,073,209 | ||||||
Mizuho Medy Co., Ltd. | 22,400 | 637,993 | ||||||
Mochida Pharmaceutical Co., Ltd. | 33,098 | 1,008,092 | ||||||
Nagaileben Co., Ltd. | 5,200 | 122,022 | ||||||
Nakanishi, Inc. | 240,500 | 5,476,507 | ||||||
# | Nichi-iko Pharmaceutical Co., Ltd. | 323,550 | 2,605,740 | |||||
Nippon Chemiphar Co., Ltd. | 13,400 | 276,109 | ||||||
Nipro Corp. | 768,000 | 7,968,462 | ||||||
Nissui Pharmaceutical Co., Ltd. | 78,000 | 704,227 | ||||||
Paramount Bed Holdings Co., Ltd. | 267,500 | 5,333,768 | ||||||
Precision System Science Co., Ltd. | 4,800 | 28,005 | ||||||
# | Rion Co., Ltd. | 54,600 | 1,290,099 | |||||
Sawai Group Holdings Co., Ltd. | 132,400 | 6,159,865 | ||||||
Seed Co., Ltd. | 72,900 | 468,557 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HEALTH CARE (Continued) |
| |||||||
Seikagaku Corp. | 233,700 | $ | 2,221,605 | |||||
# | Shin Nippon Biomedical Laboratories, Ltd. | 125,400 | 1,056,237 | |||||
Ship Healthcare Holdings, Inc. | 188,600 | 4,857,827 | ||||||
# | Shofu, Inc. | 69,900 | 1,350,930 | |||||
Software Service, Inc. | 19,600 | 1,394,794 | ||||||
Solasto Corp. | 327,100 | 4,407,672 | ||||||
St-Care Holding Corp. | 81,600 | 733,995 | ||||||
# | Taiko Pharmaceutical Co., Ltd. | 55,900 | 456,303 | |||||
Techno Medica Co., Ltd. | 14,700 | 226,197 | ||||||
Toho Holdings Co., Ltd. | 298,300 | 4,845,076 | ||||||
Tokai Corp. | 138,600 | 2,719,478 | ||||||
Torii Pharmaceutical Co., Ltd. | 94,600 | 2,483,179 | ||||||
# | Towa Pharmaceutical Co., Ltd. | 173,300 | 4,913,566 | |||||
Trans Genic, Inc. | 51,100 | 288,870 | ||||||
Tsumura & Co. | 76,200 | 2,434,793 | ||||||
Value HR Co., Ltd. | 46,400 | 747,457 | ||||||
Vital KSK Holdings, Inc. | 272,800 | 1,940,719 | ||||||
#* | Wakamoto Pharmaceutical Co., Ltd. | 112,300 | 347,764 | |||||
# | WIN-Partners Co., Ltd. | 113,300 | 995,436 | |||||
ZERIA Pharmaceutical Co., Ltd. | 11,200 | 205,947 | ||||||
|
| |||||||
TOTAL HEALTH CARE | 158,958,123 | |||||||
|
| |||||||
INDUSTRIALS (29.6%) |
| |||||||
# | A&A Material Corp. | 26,000 | 233,960 | |||||
# | Abist Co., Ltd. | 19,600 | 505,862 | |||||
Advan Group Co., Ltd. | 149,900 | 1,308,741 | ||||||
Advanex, Inc. | 17,999 | 213,554 | ||||||
# | Aeon Delight Co., Ltd. | 99,700 | 3,167,889 | |||||
Aica Kogyo Co., Ltd. | 65,500 | 2,240,679 | ||||||
Aichi Corp. | 235,900 | 1,611,665 | ||||||
Aida Engineering, Ltd. | 313,400 | 2,944,498 | ||||||
Airtech Japan, Ltd. | 2,000 | 22,212 | ||||||
AIT Corp. | 5,000 | 54,426 | ||||||
Ajis Co., Ltd. | 28,900 | 836,677 | ||||||
Alconix Corp. | 151,600 | 2,190,130 | ||||||
Alinco, Inc. | 80,500 | 735,001 | ||||||
Alps Logistics Co., Ltd. | 111,600 | 1,038,211 | ||||||
Altech Co., Ltd. | 10,900 | 30,505 | ||||||
Altech Corp. | 113,570 | 2,090,252 | ||||||
# | Anest Iwata Corp. | 220,200 | 1,829,478 | |||||
Asahi Diamond Industrial Co., Ltd. | 352,700 | 2,115,440 | ||||||
# | Asahi Kogyosha Co., Ltd. | 25,700 | 790,080 | |||||
Asanuma Corp. | 44,000 | 1,807,115 | ||||||
# | Asukanet Co., Ltd. | 31,200 | 235,339 | |||||
Bando Chemical Industries, Ltd. | 213,500 | 1,761,216 | ||||||
BeNext-Yumeshin Group Co. | 348,196 | 4,067,365 | ||||||
# | Br Holdings Corp. | 202,000 | 839,521 | |||||
Bunka Shutter Co., Ltd. | 361,900 | 3,648,187 | ||||||
Canare Electric Co., Ltd. | 21,200 | 324,757 | ||||||
Careerlink Co., Ltd. | 2,100 | 33,735 | ||||||
Central Glass Co., Ltd. | 227,800 | 4,233,045 | ||||||
Central Security Patrols Co., Ltd. | 53,000 | 1,373,702 | ||||||
Chilled & Frozen Logistics Holdings Co., Ltd. | 111,200 | 1,674,792 | ||||||
#* | Chiyoda Corp. | 722,000 | 2,529,157 | |||||
Chiyoda Integre Co., Ltd. | 71,700 | 1,308,672 | ||||||
#* | Chodai Co., Ltd. | 21,000 | 422,283 | |||||
Chori Co., Ltd. | 73,000 | 1,242,677 | ||||||
Chudenko Corp. | 200,400 | 4,047,159 | ||||||
# | Chugai Ro Co., Ltd. | 39,100 | 621,647 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
# | Chuo Warehouse Co., Ltd. | 21,000 | $ | 188,158 | ||||
CKD Corp. | 213,800 | 4,547,210 | ||||||
# | CMC Corp. | 30,200 | 361,009 | |||||
Comany, Inc. | 4,700 | 50,927 | ||||||
Cosel Co., Ltd. | 162,700 | 1,387,249 | ||||||
# | Creek & River Co., Ltd. | 67,100 | 1,101,605 | |||||
CTI Engineering Co., Ltd. | 73,300 | 1,722,831 | ||||||
CTS Co., Ltd. | 157,100 | 1,130,025 | ||||||
Dai-Dan Co., Ltd. | 98,500 | 2,329,449 | ||||||
# | Daido Kogyo Co., Ltd. | 51,800 | 518,246 | |||||
Daihatsu Diesel Manufacturing Co., Ltd. | 122,100 | 700,212 | ||||||
Daihen Corp. | 131,800 | 5,805,524 | ||||||
# | Daiho Corp. | 98,600 | 3,363,911 | |||||
Dai-Ichi Cutter Kogyo K.K. | 46,300 | 524,561 | ||||||
Daiichi Jitsugyo Co., Ltd. | 54,200 | 2,414,953 | ||||||
Daiichi Kensetsu Corp. | 34,300 | 624,892 | ||||||
# | Daiki Axis Co., Ltd. | 41,900 | 357,788 | |||||
* | Daiohs Corp. | 22,100 | 210,190 | |||||
Daiseki Co., Ltd. | 292,755 | 12,785,561 | ||||||
Daiseki Eco. Solution Co., Ltd. | 22,959 | 361,826 | ||||||
# | Daisue Construction Co., Ltd. | 48,200 | 420,824 | |||||
Daiwa Industries, Ltd. | 214,200 | 2,381,639 | ||||||
Denyo Co., Ltd. | 107,900 | 2,067,454 | ||||||
DMG Mori Co., Ltd. | 728,000 | 13,588,114 | ||||||
DMW Corp. | 4,800 | 157,621 | ||||||
Duskin Co., Ltd. | 281,100 | 6,528,454 | ||||||
Ebara Jitsugyo Co., Ltd. | 72,400 | 1,718,442 | ||||||
# | Eidai Co., Ltd. | 184,700 | 494,092 | |||||
# | EJ Holdings, Inc. | 24,200 | 288,120 | |||||
Endo Lighting Corp. | 56,300 | 513,035 | ||||||
en-japan, Inc. | 157,900 | 5,704,001 | ||||||
Enshu, Ltd. | 26,199 | 180,483 | ||||||
Envipro Holdings, Inc. | 7,800 | 142,791 | ||||||
EPCO Co., Ltd. | 12,100 | 94,401 | ||||||
Escrow Agent Japan, Inc. | 136,700 | 271,706 | ||||||
F&M Co., Ltd. | 44,400 | 611,877 | ||||||
* | FDK Corp. | 64,298 | 636,602 | |||||
# | Forum Engineering, Inc. | 16,900 | 141,141 | |||||
Freund Corp. | 75,600 | 621,393 | ||||||
Fudo Tetra Corp. | 108,480 | 1,745,230 | ||||||
Fuji Corp. | 290,900 | 7,386,793 | ||||||
Fuji Die Co., Ltd. | 55,300 | 335,794 | ||||||
Fuji Furukawa Engineering & Construction Co., Ltd. | 1,800 | 43,448 | ||||||
* | Fujikura, Ltd. | 1,714,800 | 10,058,684 | |||||
Fujimak Corp. | 12,600 | 91,898 | ||||||
Fujisash Co., Ltd. | 573,900 | 395,754 | ||||||
Fujitec Co., Ltd. | 264,100 | 6,153,322 | ||||||
Fukuda Corp. | 58,900 | 2,648,952 | ||||||
Fukushima Galilei Co., Ltd. | 83,500 | 3,694,518 | ||||||
Fukuvi Chemical Industry Co., Ltd. | 10,600 | 55,847 | ||||||
Fukuyama Transporting Co., Ltd. | 54,757 | 2,390,539 | ||||||
FULLCAST Holdings Co., Ltd. | 131,600 | 2,671,048 | ||||||
Funai Soken Holdings, Inc. | 247,470 | 6,696,410 | ||||||
Furukawa Co., Ltd. | 204,200 | 2,225,834 | ||||||
Furukawa Electric Co., Ltd. | 424,300 | 9,291,384 | ||||||
* | Furusato Industries, Ltd. | 65,000 | 1,390,584 | |||||
Futaba Corp. | 208,200 | 1,472,299 | ||||||
# | G Three Holdings Corp. | 61,200 | 235,489 | |||||
Gecoss Corp. | 95,900 | 755,969 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Giken, Ltd. | 44,100 | $ | 1,954,828 | |||||
Glory, Ltd. | 287,055 | 6,400,873 | ||||||
Grace Technology, Inc. | 110,100 | 986,819 | ||||||
gremz, Inc. | 14,800 | 392,849 | ||||||
GS Yuasa Corp. | 375,183 | 8,483,056 | ||||||
Hamakyorex Co., Ltd. | 108,000 | 3,241,710 | ||||||
Hanwa Co., Ltd. | 230,300 | 7,117,897 | ||||||
# | Hashimoto Sogyo Holdings Co., Ltd. | 4,070 | 82,415 | |||||
# | Hazama Ando Corp. | 1,294,000 | 9,278,205 | |||||
Helios Techno Holding Co., Ltd. | 109,800 | 328,301 | ||||||
Hibiya Engineering, Ltd. | 121,000 | 2,118,752 | ||||||
Hirakawa Hewtech Corp. | 70,800 | 758,864 | ||||||
Hirano Tecseed Co., Ltd. | 59,400 | 1,394,852 | ||||||
Hirata Corp. | 24,100 | 1,474,393 | ||||||
Hisaka Works, Ltd. | 127,300 | 1,003,843 | ||||||
Hitachi Zosen Corp. | 1,034,779 | 7,910,832 | ||||||
Hito Communications Holdings, Inc. | 43,900 | 752,926 | ||||||
Hokuetsu Industries Co., Ltd. | 140,700 | 1,257,410 | ||||||
Hokuriku Electrical Construction Co., Ltd. | 74,200 | 839,275 | ||||||
Hosokawa Micron Corp. | 90,400 | 2,818,467 | ||||||
Howa Machinery, Ltd. | 65,100 | 485,887 | ||||||
# | Ichikawa Co., Ltd. | 1,000 | 12,316 | |||||
Ichiken Co., Ltd. | 33,600 | 585,664 | ||||||
# | Ichinen Holdings Co., Ltd. | 137,500 | 1,612,060 | |||||
Idec Corp. | 203,100 | 4,002,350 | ||||||
Ihara Science Corp. | 52,200 | 975,786 | ||||||
# | Iino Kaiun Kaisha, Ltd. | 559,100 | 2,600,868 | |||||
* | Impact HD, Inc. | 20,500 | 748,957 | |||||
Imura Envelope Co., Inc. | 13,700 | 119,477 | ||||||
Inaba Denki Sangyo Co., Ltd. | 327,400 | 7,969,811 | ||||||
Inaba Seisakusho Co., Ltd. | 62,800 | 774,558 | ||||||
Inabata & Co., Ltd. | 293,700 | 4,545,100 | ||||||
# | Insource Co., Ltd. | 138,750 | 2,687,724 | |||||
# | Inui Global Logistics Co., Ltd. | 67,580 | 1,416,266 | |||||
IR Japan Holdings, Ltd. | 41,000 | 4,515,693 | ||||||
* | Iseki & Co., Ltd. | 124,500 | 1,845,973 | |||||
# | Ishii Iron Works Co., Ltd. | 11,000 | 307,099 | |||||
Isolite Insulating Products Co., Ltd. | 62,800 | 442,972 | ||||||
Itoki Corp. | 209,700 | 728,075 | ||||||
Iwaki Co., Ltd. | 54,700 | 466,580 | ||||||
Iwasaki Electric Co., Ltd. | 42,200 | 768,279 | ||||||
JAC Recruitment Co., Ltd. | 106,200 | 2,081,317 | ||||||
* | Jalux, Inc. | 38,600 | 627,452 | |||||
* | Jamco Corp. | 44,400 | 440,026 | |||||
Japan Elevator Service Holdings Co., Ltd. | 355,100 | 8,165,908 | ||||||
Japan Foundation Engineering Co., Ltd. | 128,800 | 673,494 | ||||||
Japan Pulp & Paper Co., Ltd. | 77,200 | 2,699,032 | ||||||
Japan Steel Works, Ltd. (The) | 370,200 | 9,581,750 | ||||||
Japan Transcity Corp. | 251,200 | 1,399,862 | ||||||
JDC Corp. | 57,800 | 313,004 | ||||||
JGC Holdings Corp. | 638,900 | 5,943,020 | ||||||
# | JK Holdings Co., Ltd. | 94,440 | 726,088 | |||||
Juki Corp. | 195,600 | 1,453,113 | ||||||
Kamei Corp. | 154,500 | 1,732,723 | ||||||
Kanaden Corp. | 118,500 | 1,071,017 | ||||||
Kanagawa Chuo Kotsu Co., Ltd. | 42,800 | 1,323,940 | ||||||
Kaname Kogyo Co., Ltd. | 1,300 | 10,581 | ||||||
Kanamoto Co., Ltd. | 210,000 | 4,913,279 | ||||||
Kandenko Co., Ltd. | 629,700 | 5,206,099 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Kanematsu Corp. | 517,425 | $ | 6,399,394 | |||||
Katakura Industries Co., Ltd. | 151,500 | 2,316,053 | ||||||
# | Kato Works Co., Ltd. | 61,000 | 476,426 | |||||
Kawada Technologies, Inc. | 34,100 | 1,182,373 | ||||||
Kawagishi Bridge Works Co., Ltd. | 8,700 | 233,682 | ||||||
Kawanishi Warehouse Co., Ltd. | 1,700 | 19,365 | ||||||
Kawasaki Kinkai Kisen Kaisha, Ltd. | 7,899 | 224,713 | ||||||
Kawata Manufacturing Co., Ltd. | 25,100 | 212,820 | ||||||
Keihin Co., Ltd. | 15,700 | 203,517 | ||||||
KFC, Ltd. | 8,700 | 152,613 | ||||||
# | Kimura Chemical Plants Co., Ltd. | 107,500 | 708,141 | |||||
Kimura Unity Co., Ltd. | 23,500 | 313,566 | ||||||
King Jim Co., Ltd. | 54,800 | 433,622 | ||||||
Kinki Sharyo Co., Ltd. (The) | 16,599 | 175,521 | ||||||
Kintetsu World Express, Inc. | 240,800 | 6,098,509 | ||||||
Kitagawa Corp. | 54,200 | 797,348 | ||||||
Kitano Construction Corp. | 24,872 | 490,835 | ||||||
Kito Corp. | 134,300 | 2,162,256 | ||||||
Kitz Corp. | 472,700 | 3,327,656 | ||||||
#* | Kobe Electric Railway Co., Ltd. | 37,299 | 1,178,629 | |||||
Kobelco Eco-Solutions Co., Ltd. | 21,399 | 632,433 | ||||||
Koike Sanso Kogyo Co., Ltd. | 13,400 | 296,435 | ||||||
Kokusai Co., Ltd. | 51,600 | 320,525 | ||||||
# | Kokusai Pulp & Paper Co., Ltd. | 47,700 | 164,074 | |||||
Kokuyo Co., Ltd. | 398,125 | 6,748,034 | ||||||
# | KOMAIHALTEC, Inc. | 20,300 | 314,173 | |||||
# | Komatsu Wall Industry Co., Ltd. | 49,300 | 854,222 | |||||
Komori Corp. | 314,100 | 2,452,315 | ||||||
# | Kondotec, Inc. | 123,800 | 1,102,162 | |||||
Konoike Transport Co., Ltd. | 178,300 | 2,033,239 | ||||||
#* | Kosaido Co., Ltd. | 155,100 | 1,946,079 | |||||
Kozo Keikaku Engineering, Inc. | 21,200 | 503,367 | ||||||
KRS Corp. | 37,800 | 625,528 | ||||||
Kumagai Gumi Co., Ltd. | 235,700 | 6,099,193 | ||||||
Kyodo Printing Co., Ltd. | 48,900 | 1,144,380 | ||||||
# | Kyokuto Boeki Kaisha, Ltd. | 39,700 | 878,876 | |||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 205,600 | 3,003,315 | ||||||
# | Kyoritsu Printing Co., Ltd. | 179,200 | 276,475 | |||||
Kyudenko Corp. | 100,800 | 3,327,208 | ||||||
LIKE, Inc. | 68,700 | 1,174,269 | ||||||
Link And Motivation, Inc. | 234,300 | 2,366,982 | ||||||
Lonseal Corp. | 13,900 | 189,952 | ||||||
Mabuchi Motor Co., Ltd. | 163,000 | 5,652,898 | ||||||
#* | Maeda Corp. | 902,600 | 7,290,870 | |||||
#* | Maeda Road Construction Co., Ltd. | 127,100 | 2,340,801 | |||||
Maezawa Industries, Inc. | 49,000 | 343,667 | ||||||
# | Maezawa Kasei Industries Co., Ltd. | 85,100 | 970,308 | |||||
Maezawa Kyuso Industries Co., Ltd. | 128,400 | 1,162,454 | ||||||
Makino Milling Machine Co., Ltd. | 161,500 | 6,209,016 | ||||||
* | Management Solutions Co., Ltd. | 35,700 | 1,075,194 | |||||
Marufuji Sheet Piling Co., Ltd. | 11,800 | 218,179 | ||||||
#* | Maruka Corp. | 38,300 | 1,056,993 | |||||
Marumae Co., Ltd. | 28,300 | 498,804 | ||||||
# | Maruwa Unyu Kikan Co., Ltd. | 104,300 | 1,500,060 | |||||
Maruyama Manufacturing Co., Inc. | 18,800 | 267,248 | ||||||
Maruzen Co., Ltd. | 65,800 | 1,267,895 | ||||||
Maruzen Showa Unyu Co., Ltd. | 81,800 | 2,619,490 | ||||||
# | Matching Service Japan Co., Ltd. | 52,000 | 512,541 | |||||
Matsuda Sangyo Co., Ltd. | 94,082 | 2,441,119 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
# | Matsui Construction Co., Ltd. | 125,500 | $ | 864,562 | ||||
Max Co., Ltd. | 164,900 | 2,867,315 | ||||||
Meidensha Corp. | 224,410 | 4,944,696 | ||||||
Meiho Facility Works, Ltd. | 29,700 | 241,278 | ||||||
Meiji Electric Industries Co., Ltd. | 52,500 | 629,709 | ||||||
# | Meiji Shipping Co., Ltd. | 102,500 | 701,078 | |||||
Meisei Industrial Co., Ltd. | 266,700 | 1,770,396 | ||||||
Meitec Corp. | 166,200 | 9,153,725 | ||||||
# | Meiwa Corp. | 145,600 | 1,227,970 | |||||
Mesco, Inc. | 29,800 | 266,603 | ||||||
# | MetaReal Corp. | 22,800 | 270,673 | |||||
METAWATER Co., Ltd. | 162,600 | 2,739,801 | ||||||
# | Midac Co., Ltd. | 15,900 | 756,905 | |||||
# | Mie Kotsu Group Holdings, Inc. | 359,200 | 1,775,258 | |||||
Mirai Industry Co., Ltd. | 4,600 | 67,537 | ||||||
Mirait Holdings Corp. | 583,135 | 11,544,420 | ||||||
Mitani Corp. | 295,200 | 5,194,555 | ||||||
# | Mitani Sangyo Co., Ltd. | 145,000 | 494,080 | |||||
# | Mitsubishi Kakoki Kaisha, Ltd. | 39,700 | 865,269 | |||||
Mitsubishi Logisnext Co., Ltd. | 186,600 | 1,913,569 | ||||||
# | Mitsubishi Logistics Corp. | 76,600 | 2,273,149 | |||||
Mitsubishi Pencil Co., Ltd. | 122,200 | 1,570,961 | ||||||
Mitsuboshi Belting, Ltd. | 161,400 | 2,996,698 | ||||||
* | Mitsui E&S Holdings Co., Ltd. | 394,781 | 1,745,746 | |||||
Mitsui Matsushima Holdings Co., Ltd. | 77,400 | 1,040,716 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 136,100 | 3,069,410 | ||||||
# | Mitsumura Printing Co., Ltd. | 6,300 | 92,266 | |||||
Miyaji Engineering Group, Inc. | 39,417 | 910,749 | ||||||
Mori-Gumi Co., Ltd. | 69,500 | 191,306 | ||||||
Morita Holdings Corp. | 209,700 | 2,841,438 | ||||||
Musashi Co., Ltd. | 5,000 | 96,772 | ||||||
# | NAC Co., Ltd. | 61,300 | 533,357 | |||||
Nachi-Fujikoshi Corp. | 93,600 | 3,823,400 | ||||||
Nadex Co., Ltd. | 40,600 | 292,078 | ||||||
Nagase & Co., Ltd. | 578,600 | 9,734,712 | ||||||
Naigai Trans Line, Ltd. | 41,700 | 900,091 | ||||||
# | Nakabayashi Co., Ltd. | 113,400 | 598,545 | |||||
Nakakita Seisakusho Co., Ltd. | 3,700 | 89,270 | ||||||
Nakamoto Packs Co., Ltd. | 33,300 | 535,500 | ||||||
* | Nakamura Choukou Co., Ltd. | 6,600 | 38,380 | |||||
Nakanishi Manufacturing Co., Ltd. | 5,700 | 59,772 | ||||||
# | Nakano Corp. | 107,000 | 341,898 | |||||
#* | Namura Shipbuilding Co., Ltd. | 256,428 | 544,346 | |||||
Nankai Electric Railway Co., Ltd. | 214,700 | 4,617,058 | ||||||
Narasaki Sangyo Co., Ltd. | 25,400 | 478,174 | ||||||
Nice Corp. | 35,200 | 581,987 | ||||||
Nichias Corp. | 391,000 | 9,539,918 | ||||||
Nichiban Co., Ltd. | 68,100 | 1,120,348 | ||||||
Nichiden Corp. | 98,100 | 2,085,058 | ||||||
Nichiha Corp. | 165,280 | 4,712,799 | ||||||
Nichireki Co., Ltd. | 165,600 | 2,012,024 | ||||||
Nihon Dengi Co., Ltd. | 30,800 | 1,056,107 | ||||||
Nihon Flush Co., Ltd. | 122,000 | 1,248,822 | ||||||
Nikkato Corp. | 53,000 | 372,860 | ||||||
Nikkiso Co., Ltd. | 316,800 | 2,728,211 | ||||||
Nikko Co., Ltd. | 168,400 | 1,000,538 | ||||||
Nikkon Holdings Co., Ltd. | 384,000 | 7,901,724 | ||||||
Nippi, Inc. | 11,900 | 393,817 | ||||||
# | Nippon Air Conditioning Services Co., Ltd. | 189,000 | 1,345,046 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Nippon Aqua Co., Ltd. | 55,400 | $ | 303,521 | |||||
Nippon Carbon Co., Ltd. | 66,200 | 2,474,709 | ||||||
Nippon Concept Corp. | 37,700 | 652,043 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 240,900 | 4,080,496 | ||||||
Nippon Dry-Chemical Co., Ltd. | 11,300 | 220,715 | ||||||
Nippon Filcon Co., Ltd. | 15,700 | 74,201 | ||||||
Nippon Hume Corp. | 139,300 | 931,024 | ||||||
# | Nippon Kanzai Co., Ltd. | 15,200 | 349,949 | |||||
Nippon Koei Co., Ltd. | 81,100 | 2,605,695 | ||||||
# | Nippon Parking Development Co., Ltd. | 1,396,900 | 1,990,955 | |||||
Nippon Rietec Co., Ltd. | 22,800 | 337,764 | ||||||
Nippon Road Co., Ltd. (The) | 45,800 | 3,460,487 | ||||||
Nippon Seisen Co., Ltd. | 23,700 | 1,038,220 | ||||||
Nippon Sharyo, Ltd. | 40,299 | 758,745 | ||||||
#* | Nippon Sheet Glass Co., Ltd. | 368,600 | 1,896,856 | |||||
Nippon Steel Trading Corp. | 96,960 | 4,382,827 | ||||||
Nippon Thompson Co., Ltd. | 378,800 | 1,884,145 | ||||||
Nippon Tungsten Co., Ltd. | 6,699 | 133,945 | ||||||
# | Nishimatsu Construction Co., Ltd. | 345,000 | 10,673,666 | |||||
# | Nishi-Nippon Railroad Co., Ltd. | 191,400 | 4,844,217 | |||||
Nishio Rent All Co., Ltd. | 123,800 | 3,255,276 | ||||||
Nissei ASB Machine Co., Ltd. | 51,100 | 1,741,351 | ||||||
Nissei Corp. | 38,900 | 383,331 | ||||||
# | Nissei Plastic Industrial Co., Ltd. | 125,500 | 1,265,104 | |||||
# | Nisshinbo Holdings, Inc. | 956,780 | 7,211,012 | |||||
Nissin Corp. | 95,000 | 1,405,470 | ||||||
Nissin Electric Co., Ltd. | 329,100 | 4,026,650 | ||||||
Nisso Corp. | 51,600 | 331,188 | ||||||
Nitta Corp. | 135,400 | 3,316,775 | ||||||
# | Nitto Boseki Co., Ltd. | 53,500 | 1,788,680 | |||||
Nitto Kogyo Corp. | 169,300 | 2,650,198 | ||||||
Nitto Kohki Co., Ltd. | 69,900 | 1,276,718 | ||||||
Nitto Seiko Co., Ltd. | 189,000 | 1,125,280 | ||||||
Nittoc Construction Co., Ltd. | 132,600 | 849,112 | ||||||
NJS Co., Ltd. | 36,800 | 640,070 | ||||||
Noda Corp. | 120,700 | 881,074 | ||||||
# | Nomura Co., Ltd. | 379,700 | 3,415,527 | |||||
Nomura Micro Science Co., Ltd. | 40,800 | 1,757,936 | ||||||
Noritake Co., Ltd. | 59,600 | 2,656,520 | ||||||
Noritsu Koki Co., Ltd. | 123,200 | 2,791,492 | ||||||
Noritz Corp. | 194,200 | 3,168,800 | ||||||
NS Tool Co., Ltd. | 107,000 | 1,387,800 | ||||||
# | NS United Kaiun Kaisha, Ltd. | 69,400 | 2,536,312 | |||||
* | NTN Corp. | 2,686,900 | 6,015,928 | |||||
# | Obara Group, Inc. | 77,600 | 2,701,968 | |||||
Ochi Holdings Co., Ltd. | 8,900 | 101,656 | ||||||
Odawara Engineering Co., Ltd. | 9,100 | 180,300 | ||||||
# | Ohba Co., Ltd. | 76,500 | 579,855 | |||||
Ohmoto Gumi Co., Ltd. | 4,100 | 216,050 | ||||||
Oiles Corp. | 147,570 | 2,173,255 | ||||||
Okabe Co., Ltd. | 258,200 | 1,623,374 | ||||||
# | Okada Aiyon Corp. | 42,800 | 523,629 | |||||
# | Okamoto Machine Tool Works, Ltd. | 25,299 | 1,146,792 | |||||
Okamura Corp. | 376,300 | 5,475,866 | ||||||
# | OKUMA Corp. | 151,100 | 7,279,309 | |||||
Okumura Corp. | 191,580 | 5,121,458 | ||||||
Onoken Co., Ltd. | 111,900 | 1,667,828 | ||||||
Organo Corp. | 43,800 | 2,682,542 | ||||||
# | Oriental Consultants Holdings Co., Ltd. | 6,100 | 162,781 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
* | Oriental Shiraishi Corp. | 834,300 | $ | 1,983,064 | ||||
# | Origin Co., Ltd. | 27,600 | 328,050 | |||||
# | OSG Corp. | 511,900 | 8,761,755 | |||||
Outsourcing, Inc. | 768,100 | 13,765,986 | ||||||
Oyo Corp. | 128,000 | 1,678,831 | ||||||
# | Paraca, Inc. | 35,900 | 547,909 | |||||
* | Park24 Co., Ltd. | 80,800 | 1,374,950 | |||||
Parker Corp. | 34,000 | 171,073 | ||||||
Pasco Corp. | 11,200 | 152,505 | ||||||
Pasona Group, Inc. | 145,800 | 4,123,905 | ||||||
Pegasus Sewing Machine Manufacturing Co., Ltd. | 139,900 | 575,734 | ||||||
Penta-Ocean Construction Co., Ltd. | 1,616,400 | 10,972,936 | ||||||
* | Phil Co., Inc. | 4,200 | 123,908 | |||||
Pilot Corp. | 112,700 | 4,285,006 | ||||||
Prestige International, Inc. | 654,700 | 4,470,443 | ||||||
Pronexus, Inc. | 108,700 | 1,062,279 | ||||||
* | Prored Partners Co., Ltd. | 30,200 | 433,769 | |||||
PS Mitsubishi Construction Co., Ltd. | 213,300 | 1,214,085 | ||||||
Punch Industry Co., Ltd. | 105,700 | 595,015 | ||||||
Quick Co., Ltd. | 76,100 | 956,036 | ||||||
Raito Kogyo Co., Ltd. | 298,200 | 5,256,963 | ||||||
Raiznext Corp. | 298,800 | 3,208,060 | ||||||
# | Rasa Corp. | 63,200 | 527,709 | |||||
#* | Rever Holdings Corp. | 46,500 | 619,192 | |||||
Rheon Automatic Machinery Co., Ltd. | 120,500 | 1,625,697 | ||||||
# | Rix Corp. | 17,300 | 235,823 | |||||
Ryobi, Ltd. | 159,740 | 1,803,873 | ||||||
S LINE Co., Ltd. | 23,800 | 199,900 | ||||||
Sakai Heavy Industries, Ltd. | 23,300 | 550,801 | ||||||
Sakai Moving Service Co., Ltd. | 74,100 | 3,219,603 | ||||||
* | Sanix, Inc. | 146,200 | 431,907 | |||||
Sanki Engineering Co., Ltd. | 279,900 | 3,705,015 | ||||||
Sanko Gosei, Ltd. | 134,300 | 542,664 | ||||||
Sanko Metal Industrial Co., Ltd. | 16,200 | 358,638 | ||||||
Sankyo Tateyama, Inc. | 133,774 | 932,766 | ||||||
Sanoyas Holdings Corp. | 151,100 | 187,878 | ||||||
Sansei Technologies, Inc. | 78,400 | 595,544 | ||||||
Sansha Electric Manufacturing Co., Ltd. | 64,300 | 557,644 | ||||||
Sanyo Denki Co., Ltd. | 53,600 | 3,398,683 | ||||||
Sanyo Engineering & Construction, Inc. | 60,200 | 360,911 | ||||||
Sanyo Industries, Ltd. | 9,900 | 167,929 | ||||||
Sanyo Trading Co., Ltd. | 138,600 | 1,452,138 | ||||||
Sata Construction Co., Ltd. | 89,399 | 382,871 | ||||||
Sato Holdings Corp. | 183,400 | 4,455,927 | ||||||
# | Sato Shoji Corp. | 86,800 | 947,270 | |||||
Sawafuji Electric Co., Ltd. | 1,900 | 34,244 | ||||||
SBS Holdings, Inc. | 119,400 | 4,493,127 | ||||||
# | SEC Carbon, Ltd. | 10,900 | 581,856 | |||||
# | Seibu Electric & Machinery Co., Ltd. | 10,300 | 119,027 | |||||
Seika Corp. | 61,700 | 896,173 | ||||||
Seikitokyu Kogyo Co., Ltd. | 191,330 | 1,442,999 | ||||||
Seiko Electric Co., Ltd. | 4,900 | 62,653 | ||||||
Seino Holdings Co., Ltd. | 20,200 | 244,715 | ||||||
Seiwa Electric Manufacturing Co., Ltd. | 1,700 | 7,846 | ||||||
Sekisui Jushi Corp. | 211,600 | 4,017,302 | ||||||
Senko Group Holdings Co., Ltd. | 711,400 | 6,510,697 | ||||||
Senshu Electric Co., Ltd. | 51,200 | 2,169,337 | ||||||
Shibaura Machine Co., Ltd. | 132,500 | 3,254,220 | ||||||
Shibusawa Warehouse Co., Ltd. (The) | 61,600 | 1,258,749 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Shibuya Corp. | 99,300 | $ | 2,722,433 | |||||
Shima Seiki Manufacturing, Ltd. | 170,400 | 3,427,915 | ||||||
Shin Maint Holdings Co., Ltd. | 10,900 | 122,771 | ||||||
# | Shin Nippon Air Technologies Co., Ltd. | 92,980 | 2,037,332 | |||||
# | Shin-Keisei Electric Railway Co., Ltd. | 39,399 | 748,572 | |||||
# | Shinki Bus Co., Ltd. | 1,900 | 53,895 | |||||
Shinmaywa Industries, Ltd. | 405,900 | 3,379,335 | ||||||
Shinnihon Corp. | 180,600 | 1,381,545 | ||||||
Shinsho Corp. | 31,100 | 967,605 | ||||||
# | Shinwa Co., Ltd. | 62,300 | 1,355,346 | |||||
Shinwa Co., Ltd. | 21,800 | 140,580 | ||||||
SHO-BOND Holdings Co., Ltd. | 111,800 | 4,953,862 | ||||||
SIGMAXYZ, Inc. | 110,000 | 2,652,896 | ||||||
Sinfonia Technology Co., Ltd. | 142,400 | 1,546,671 | ||||||
Sinko Industries, Ltd. | 126,900 | 2,419,764 | ||||||
# | Sintokogio, Ltd. | 284,600 | 1,988,835 | |||||
# | Soda Nikka Co., Ltd. | 109,200 | 612,234 | |||||
Sodick Co., Ltd. | 291,300 | 2,371,060 | ||||||
# | Sotetsu Holdings, Inc. | 41,600 | 826,640 | |||||
# | Space Co., Ltd. | 96,562 | 833,955 | |||||
S-Pool, Inc. | 365,400 | 3,399,845 | ||||||
Star Micronics Co., Ltd. | 237,300 | 3,287,210 | ||||||
Studio Alice Co., Ltd. | 56,600 | 1,239,500 | ||||||
Subaru Enterprise Co., Ltd. | 6,300 | 461,618 | ||||||
# | Sugimoto & Co., Ltd. | 63,900 | 1,619,943 | |||||
# | Sumiseki Holdings, Inc. | 363,100 | 486,992 | |||||
Sumitomo Densetsu Co., Ltd. | 111,200 | 2,317,179 | ||||||
Sumitomo Mitsui Construction Co., Ltd. | 986,540 | 4,397,478 | ||||||
#* | Sumitomo Precision Products Co., Ltd. | 20,284 | 453,377 | |||||
Sumitomo Warehouse Co., Ltd. (The) | 397,900 | 6,498,130 | ||||||
Suzumo Machinery Co., Ltd. | 2,200 | 33,897 | ||||||
SWCC Showa Holdings Co., Ltd. | 136,600 | 2,739,943 | ||||||
# | Tacmina Corp. | 14,700 | 155,900 | |||||
Tadano, Ltd. | 702,900 | 7,385,182 | ||||||
Taihei Dengyo Kaisha, Ltd. | 95,200 | 2,403,660 | ||||||
Taiheiyo Kouhatsu, Inc. | 43,500 | 270,071 | ||||||
Taikisha, Ltd. | 161,000 | 4,839,250 | ||||||
Taisei Oncho Co., Ltd. | 14,900 | 256,149 | ||||||
# | Takadakiko Co., Ltd. | 7,500 | 196,465 | |||||
Takamatsu Construction Group Co., Ltd. | 106,800 | 1,933,329 | ||||||
Takamatsu Machinery Co., Ltd. | 41,800 | 285,771 | ||||||
# | Takamiya Co., Ltd. | 137,800 | 600,100 | |||||
# | Takano Co., Ltd. | 53,000 | 386,008 | |||||
Takaoka Toko Co., Ltd. | 67,120 | 873,884 | ||||||
# | Takara & Co., Ltd. | 40,155 | 647,916 | |||||
Takara Standard Co., Ltd. | 222,600 | 3,232,344 | ||||||
Takasago Thermal Engineering Co., Ltd. | 297,900 | 5,636,949 | ||||||
Takashima & Co., Ltd. | 25,200 | 424,377 | ||||||
* | Takeei Corp. | 130,100 | 2,145,145 | |||||
Takeuchi Manufacturing Co., Ltd. | 226,400 | 5,214,118 | ||||||
Takigami Steel Construction Co., Ltd. (The) | 5,300 | 284,270 | ||||||
# | Takisawa Machine Tool Co., Ltd. | 41,700 | 420,200 | |||||
Takuma Co., Ltd. | 173,200 | 2,409,358 | ||||||
Tanabe Consulting Co., Ltd. | 2,400 | 16,919 | ||||||
# | Tanabe Engineering Corp. | 39,500 | 322,162 | |||||
Tanseisha Co., Ltd. | 251,749 | 1,978,784 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 287,400 | 1,375,578 | ||||||
TECHNO ASSOCIE Co., Ltd. | 50,100 | 501,035 | ||||||
# | Techno Ryowa, Ltd. | 68,690 | 555,817 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Techno Smart Corp. | 49,500 | $ | 626,121 | |||||
Teikoku Electric Manufacturing Co., Ltd. | 111,000 | 1,407,131 | ||||||
Teikoku Sen-I Co., Ltd. | 113,000 | 2,047,238 | ||||||
Tekken Corp. | 84,200 | 1,368,289 | ||||||
Tenox Corp. | 22,500 | 169,929 | ||||||
Teraoka Seisakusho Co., Ltd. | 55,700 | 181,210 | ||||||
Terasaki Electric Co., Ltd. | 25,500 | 329,864 | ||||||
# | Toa Corp. | 101,900 | 2,239,224 | |||||
TOA ROAD Corp. | 27,300 | 1,128,627 | ||||||
# | Toba, Inc. | 9,800 | 222,503 | |||||
Tobishima Corp. | 123,770 | 1,230,644 | ||||||
Tocalo Co., Ltd. | 387,300 | 4,695,837 | ||||||
Toda Corp. | 515,900 | 3,602,197 | ||||||
Toenec Corp. | 54,400 | 1,774,953 | ||||||
Togami Electric Manufacturing Co., Ltd. | 17,800 | 295,720 | ||||||
TOKAI Holdings Corp. | 651,000 | 5,230,884 | ||||||
Tokai Lease Co., Ltd. | 18,800 | 269,333 | ||||||
Tokyo Energy & Systems, Inc. | 152,300 | 1,438,164 | ||||||
# | Tokyo Keiki, Inc. | 73,822 | 684,087 | |||||
Tokyo Sangyo Co., Ltd. | 130,800 | 815,713 | ||||||
Tokyu Construction Co., Ltd. | 543,800 | 3,812,328 | ||||||
# | Toli Corp. | 282,400 | 596,322 | |||||
# | Tomoe Corp. | 155,100 | 683,924 | |||||
Tomoe Engineering Co., Ltd. | 51,100 | 1,136,974 | ||||||
Tonami Holdings Co., Ltd. | 37,500 | 1,687,969 | ||||||
Toppan Forms Co., Ltd. | 323,800 | 2,964,408 | ||||||
Torishima Pump Manufacturing Co., Ltd. | 130,700 | 1,078,982 | ||||||
TORQ, Inc. | 7,900 | 16,273 | ||||||
# | Totech Corp. | 49,200 | 1,160,715 | |||||
Totetsu Kogyo Co., Ltd. | 157,400 | 3,473,488 | ||||||
Totoku Electric Co., Ltd. | 17,700 | 456,905 | ||||||
Toyo Construction Co., Ltd. | 520,000 | 2,721,548 | ||||||
# | Toyo Denki Seizo K.K. | 36,550 | 380,017 | |||||
#* | Toyo Engineering Corp. | 212,178 | 1,658,506 | |||||
Toyo Logistics Co., Ltd. | 85,100 | 255,166 | ||||||
Toyo Machinery & Metal Co., Ltd. | 100,000 | 461,085 | ||||||
Toyo Tanso Co., Ltd. | 80,600 | 2,129,801 | ||||||
Toyo Wharf & Warehouse Co., Ltd. | 36,000 | 497,131 | ||||||
Trancom Co., Ltd. | 48,800 | 3,568,908 | ||||||
# | Trinity Industrial Corp. | 36,000 | 270,935 | |||||
Trusco Nakayama Corp. | 211,600 | 5,485,997 | ||||||
Tsubaki Nakashima Co., Ltd. | 270,600 | 3,823,048 | ||||||
Tsubakimoto Chain Co. | 169,840 | 5,247,391 | ||||||
# | Tsubakimoto Kogyo Co., Ltd. | 28,800 | 1,019,513 | |||||
* | Tsudakoma Corp. | 17,698 | 132,130 | |||||
# | Tsugami Corp. | 285,300 | 4,301,793 | |||||
Tsukishima Kikai Co., Ltd. | 186,600 | 1,953,108 | ||||||
Tsurumi Manufacturing Co., Ltd. | 126,700 | 1,988,700 | ||||||
# | Ueki Corp. | 60,800 | 823,090 | |||||
Union Tool Co. | 46,300 | 1,630,559 | ||||||
UPR Corp. | 4,600 | 103,224 | ||||||
Ushio, Inc. | 651,100 | 12,201,816 | ||||||
UT Group Co., Ltd. | 187,200 | 5,589,728 | ||||||
Utoc Corp. | 102,200 | 503,889 | ||||||
* | VisasQ, Inc. | 17,700 | 1,012,397 | |||||
Waida Manufacturing Co., Ltd. | 5,100 | 52,202 | ||||||
# | Wakachiku Construction Co., Ltd. | 79,300 | 1,460,469 | |||||
Wakita & Co., Ltd. | 248,500 | 2,415,231 | ||||||
# | WDB Holdings Co., Ltd. | 64,600 | 2,048,974 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
Weathernews, Inc. | 36,500 | $ | 2,151,249 | |||||
Welbe, Inc. | 56,500 | 788,780 | ||||||
Will Group, Inc. | 98,000 | 1,097,147 | ||||||
World Holdings Co., Ltd. | 50,700 | 1,307,815 | ||||||
Yahagi Construction Co., Ltd. | 181,400 | 1,303,097 | ||||||
YAMABIKO Corp. | 226,728 | 2,504,184 | ||||||
YAMADA Consulting Group Co., Ltd. | 72,700 | 736,884 | ||||||
Yamashina Corp. | 245,700 | 171,732 | ||||||
# | Yamato Corp. | 108,400 | 730,229 | |||||
# | Yamaura Corp. | 12,700 | 104,269 | |||||
Yamazen Corp. | 372,600 | 3,574,304 | ||||||
# | Yasuda Logistics Corp. | 102,000 | 885,024 | |||||
Yokogawa Bridge Holdings Corp. | 208,500 | 4,540,281 | ||||||
Yondenko Corp. | 54,120 | 835,754 | ||||||
Yuasa Trading Co., Ltd. | 116,400 | 3,147,776 | ||||||
Yuken Kogyo Co., Ltd. | 20,500 | 323,911 | ||||||
Yurtec Corp. | 264,600 | 1,723,838 | ||||||
Yushin Precision Equipment Co., Ltd. | 23,500 | 170,292 | ||||||
# | Zaoh Co., Ltd. | 25,200 | 396,154 | |||||
Zenitaka Corp. (The) | 19,200 | 756,599 | ||||||
Zuiko Corp. | 94,600 | 808,532 | ||||||
|
| |||||||
TOTAL INDUSTRIALS | 1,052,133,070 | |||||||
|
| |||||||
INFORMATION TECHNOLOGY (14.9%) |
| |||||||
# | A&D Co., Ltd. | 129,500 | 1,216,419 | |||||
* | Access Co., Ltd. | 111,000 | 993,189 | |||||
# | Ad-sol Nissin Corp. | 47,200 | 975,285 | |||||
Adtec Plasma Technology Co., Ltd. | 14,800 | 203,567 | ||||||
* | Advanced Media, Inc. | 42,200 | 290,498 | |||||
# | AGS Corp. | 13,000 | 109,183 | |||||
Ai Holdings Corp. | 246,900 | 5,219,458 | ||||||
Aichi Tokei Denki Co., Ltd. | 18,200 | 778,204 | ||||||
# | Aiphone Co., Ltd. | 66,800 | 1,449,381 | |||||
* | Allied Telesis Holdings K.K. | 159,400 | 140,554 | |||||
Alpha Systems, Inc. | 45,120 | 1,723,912 | ||||||
# | Alps Alpine Co., Ltd. | 1,039,300 | 11,261,119 | |||||
Amano Corp. | 201,500 | 5,151,929 | ||||||
# | Anritsu Corp. | 627,200 | 11,192,591 | |||||
AOI Electronics Co., Ltd. | 27,700 | 596,992 | ||||||
# | Argo Graphics, Inc. | 105,300 | 3,123,490 | |||||
Arisawa Manufacturing Co., Ltd. | 212,200 | 1,689,642 | ||||||
Artiza Networks, Inc. | 9,300 | 112,009 | ||||||
ArtSpark Holdings, Inc. | 206,000 | 1,711,092 | ||||||
Asahi Intelligence Service Co., Ltd. | 1,300 | 16,157 | ||||||
# | Ascentech KK | 32,000 | 343,465 | |||||
# | Asteria Corp. | 54,900 | 342,709 | |||||
Atled Corp. | 15,700 | 349,179 | ||||||
Avant Corp. | 123,900 | 1,696,022 | ||||||
# | Axell Corp. | 47,100 | 314,014 | |||||
Base Co., Ltd. | 6,100 | 255,464 | ||||||
Bell System24 Holdings, Inc. | 218,600 | 3,252,232 | ||||||
* | BrainPad, Inc. | 22,000 | 1,167,912 | |||||
# | Broadband Tower, Inc. | 105,600 | 208,087 | |||||
Broadleaf Co., Ltd. | 591,000 | 3,032,974 | ||||||
# | Business Brain Showa-Ota, Inc. | 35,700 | 571,476 | |||||
# | Business Engineering Corp. | 1,800 | 54,592 | |||||
CAC Holdings Corp. | 75,200 | 1,111,615 | ||||||
Canon Electronics, Inc. | 128,500 | 1,923,891 | ||||||
# | CDS Co., Ltd. | 15,500 | 230,186 |
THE JAPANESE SMALL COMPANY SERIES
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INFORMATION TECHNOLOGY (Continued) |
| |||||||
# | Chino Corp. | 45,200 | $ | 602,946 | ||||
Citizen Watch Co., Ltd. | 1,771,000 | 8,114,251 | ||||||
* | CMK Corp. | 310,300 | 1,195,506 | |||||
Computer Engineering & Consulting, Ltd. | 170,100 | 2,000,027 | ||||||
Computer Institute of Japan, Ltd. | 94,700 | 723,592 | ||||||
Comture Corp. | 143,900 | 3,991,853 | ||||||
CONEXIO Corp. | 98,700 | 1,372,541 | ||||||
# | Core Corp. | 45,800 | 649,908 | |||||
Cresco, Ltd. | 86,500 | 1,565,580 | ||||||
CRI Middleware Co., Ltd. | 2,300 | 30,800 | ||||||
# | Cube System, Inc. | 60,600 | 556,763 | |||||
Cyber Com Co., Ltd. | 10,600 | 123,083 | ||||||
Cyberlinks Co., Ltd. | 28,400 | 348,556 | ||||||
# | Cybernet Systems Co., Ltd. | 81,500 | 469,956 | |||||
# | Cybozu, Inc. | 150,100 | 3,260,474 | |||||
Daiko Denshi Tsushin, Ltd. | 37,200 | 173,487 | ||||||
Daishinku Corp. | 42,399 | 1,490,767 | ||||||
Daitron Co., Ltd. | 55,600 | 1,133,265 | ||||||
# | Daiwabo Holdings Co., Ltd. | 582,700 | 9,329,683 | |||||
Dawn Corp. | 4,000 | 96,650 | ||||||
Densan System Holdings Co., Ltd. | 41,000 | 1,052,852 | ||||||
Dexerials Corp. | 380,600 | 7,466,086 | ||||||
Digital Arts, Inc. | 75,200 | 6,060,662 | ||||||
Digital Garage, Inc. | 138,200 | 6,304,794 | ||||||
Digital Hearts Holdings Co., Ltd. | 87,100 | 1,556,142 | ||||||
Digital Information Technologies Corp. | 57,500 | 996,800 | ||||||
DKK Co., Ltd. | 63,400 | 1,439,661 | ||||||
# | DKK-Toa Corp. | 31,400 | 245,917 | |||||
Double Standard, Inc. | 34,200 | 1,130,068 | ||||||
DTS Corp. | 261,000 | 5,998,482 | ||||||
Ebase Co., Ltd. | 99,600 | 755,834 | ||||||
E-Guardian, Inc. | 62,600 | 1,689,522 | ||||||
Eizo Corp. | 105,300 | 4,022,502 | ||||||
# | Elecom Co., Ltd. | 221,100 | 3,552,635 | |||||
Elematec Corp. | 118,242 | 1,206,465 | ||||||
# | Enomoto Co., Ltd. | 30,200 | 497,712 | |||||
Enplas Corp. | 55,400 | 1,559,366 | ||||||
# | ESPEC Corp. | 117,700 | 2,481,645 | |||||
Fenwal Controls of Japan, Ltd. | 20,500 | 290,943 | ||||||
Ferrotec Holdings Corp. | 232,000 | 6,557,377 | ||||||
#* | FFRI Security, Inc. | 29,500 | 484,294 | |||||
# | Fixstars Corp. | 97,100 | 686,173 | |||||
# | Focus Systems Corp. | 53,700 | 486,081 | |||||
# | Forval Corp. | 51,100 | 531,760 | |||||
# | FTGroup Co., Ltd. | 51,000 | 594,298 | |||||
Fuji Soft, Inc. | 116,800 | 6,115,181 | ||||||
Fukui Computer Holdings, Inc. | 55,200 | 2,136,482 | ||||||
Furuno Electric Co., Ltd. | 157,500 | 1,778,392 | ||||||
# | Furuya Metal Co., Ltd. | 7,600 | 588,070 | |||||
Future Corp. | 153,600 | 3,820,387 | ||||||
Future Innovation Group, Inc. | 11,900 | 31,056 | ||||||
# | Gig Works, Inc. | 40,000 | 227,662 | |||||
GL Sciences, Inc. | 45,000 | 957,236 | ||||||
# | Glosel Co., Ltd. | 113,200 | 416,119 | |||||
# | GMO Financial Gate, Inc. | 5,700 | 1,717,088 | |||||
# | GMO GlobalSign Holdings K.K. | 34,100 | 1,350,492 | |||||
# | GMO Pepabo, Inc. | 7,300 | 203,860 | |||||
* | Gunosy, Inc. | 2,500 | 16,467 | |||||
Hagiwara Electric Holdings Co., Ltd. | 49,500 | 977,276 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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INFORMATION TECHNOLOGY (Continued) |
| |||||||
Hakuto Co., Ltd. | 87,300 | $ | 1,418,607 | |||||
#* | Hennge KK | 600 | 31,800 | |||||
Hibino Corp. | 1,700 | 23,468 | ||||||
Himacs, Ltd. | 960 | 9,913 | ||||||
Hioki EE Corp. | 66,400 | 5,687,372 | ||||||
Hochiki Corp. | 91,500 | 986,433 | ||||||
# | Hokuriku Electric Industry Co., Ltd. | 45,700 | 429,205 | |||||
# | Honda Tsushin Kogyo Co., Ltd. | 110,100 | 457,917 | |||||
Hosiden Corp. | 338,900 | 2,920,873 | ||||||
* | Hotto Link, Inc. | 55,800 | 293,398 | |||||
* | HPC Systems, Inc. | 17,700 | 524,179 | |||||
Icom, Inc. | 61,000 | 1,327,177 | ||||||
# | ID Holdings Corp. | 76,250 | 631,163 | |||||
Ikegami Tsushinki Co., Ltd. | 32,799 | 232,384 | ||||||
Ill, Inc. | 19,400 | 338,871 | ||||||
Ines Corp. | 125,400 | 1,715,124 | ||||||
# | I-Net Corp. | 76,490 | 934,301 | |||||
Infocom Corp. | 145,400 | 3,100,406 | ||||||
Infomart Corp. | 556,700 | 5,025,657 | ||||||
Information Services International-Dentsu, Ltd. | 144,100 | 5,440,631 | ||||||
Innotech Corp. | 100,800 | 1,241,698 | ||||||
Intelligent Wave, Inc. | 46,700 | 260,771 | ||||||
Inter Action Corp. | 58,500 | 1,396,058 | ||||||
I-O Data Device, Inc. | 50,700 | 433,756 | ||||||
I-PEX, Inc. | 72,100 | 1,313,389 | ||||||
Iriso Electronics Co., Ltd. | 131,700 | 5,353,549 | ||||||
ISB Corp. | 50,400 | 572,551 | ||||||
#* | ITbook Holdings Co., Ltd. | 60,900 | 273,960 | |||||
Itfor, Inc. | 172,600 | 1,333,299 | ||||||
Iwatsu Electric Co., Ltd. | 54,900 | 446,432 | ||||||
Japan Aviation Electronics Industry, Ltd. | 314,700 | 4,575,573 | ||||||
* | Japan Cash Machine Co., Ltd. | 141,800 | 949,012 | |||||
* | Japan Display, Inc. | 539,900 | 177,765 | |||||
# | Japan Electronic Materials Corp. | 61,600 | 990,940 | |||||
Japan Material Co., Ltd. | 435,800 | 5,052,102 | ||||||
# | Japan System Techniques Co., Ltd. | 13,800 | 246,349 | |||||
# | Jastec Co., Ltd. | 72,900 | 816,879 | |||||
# | JBCC Holdings, Inc. | 93,400 | 1,339,827 | |||||
JFE Systems, Inc. | 8,700 | 136,893 | ||||||
#* | JIG-SAW, Inc. | 17,300 | 1,245,549 | |||||
Kaga Electronics Co., Ltd. | 111,000 | 2,992,215 | ||||||
Kanematsu Electronics, Ltd. | 78,500 | 2,733,462 | ||||||
KEL Corp. | 27,900 | 268,749 | ||||||
Koa Corp. | 198,800 | 3,032,310 | ||||||
# | Konica Minolta, Inc. | 1,042,800 | 5,595,288 | |||||
KSK Co., Ltd. | 3,000 | 60,402 | ||||||
Kyoden Co., Ltd. | 116,100 | 453,506 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 268,600 | 1,276,497 | ||||||
Kyowa Electronic Instruments Co., Ltd. | 129,800 | 464,205 | ||||||
# | LAC Co., Ltd. | 100,100 | 853,152 | |||||
Macnica Fuji Electronics Holdings, Inc. | 342,150 | 7,962,617 | ||||||
# | Marubun Corp. | 112,200 | 773,026 | |||||
Maruwa Co., Ltd. | 59,700 | 6,080,542 | ||||||
Maxell Holdings, Ltd. | 305,000 | 3,645,419 | ||||||
MCJ Co., Ltd. | 432,800 | 4,663,615 | ||||||
Megachips Corp. | 115,200 | 3,451,250 | ||||||
Meiko Electronics Co., Ltd. | 134,500 | 3,599,659 | ||||||
Melco Holdings, Inc. | 34,200 | 1,442,871 | ||||||
Micronics Japan Co., Ltd. | 120,200 | 1,541,855 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
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INFORMATION TECHNOLOGY (Continued) |
| |||||||
Mimaki Engineering Co., Ltd. | 113,200 | $ | 991,688 | |||||
Mimasu Semiconductor Industry Co., Ltd. | 114,781 | 2,513,233 | ||||||
Miraial Co., Ltd. | 42,100 | 605,834 | ||||||
Miroku Jyoho Service Co., Ltd. | 112,800 | 1,709,856 | ||||||
Mitachi Co., Ltd. | 7,900 | 66,404 | ||||||
Mitsubishi Research Institute, Inc. | 53,500 | 2,097,281 | ||||||
Mitsui High-Tec, Inc. | 143,900 | 9,847,417 | ||||||
m-up Holdings, Inc. | 33,900 | 1,105,394 | ||||||
# | Mutoh Holdings Co., Ltd. | 9,300 | 140,278 | |||||
Nagano Keiki Co., Ltd. | 88,600 | 993,595 | ||||||
Naigai Tec Corp. | 7,900 | 197,934 | ||||||
Nakayo, Inc. | 73,100 | 933,157 | ||||||
NEC Networks & System Integration Corp. | 60,500 | 1,141,006 | ||||||
# | NF Holdings Corp. | 25,900 | 357,017 | |||||
Nichicon Corp. | 313,500 | 2,957,840 | ||||||
* | Nihon Dempa Kogyo Co., Ltd. | 65,000 | 496,215 | |||||
Nihon Denkei Co., Ltd. | 31,800 | 497,732 | ||||||
* | Nippon Chemi-Con Corp. | 125,300 | 2,400,866 | |||||
# | Nippon Computer Dynamics Co., Ltd. | 36,200 | 235,854 | |||||
Nippon Electric Glass Co., Ltd. | 515,736 | 12,199,065 | ||||||
# | Nippon Information Development Co., Ltd. | 12,600 | 169,231 | |||||
# | Nippon Kodoshi Corp. | 51,600 | 1,457,568 | |||||
Nippon Signal Co., Ltd. | 314,800 | 2,810,817 | ||||||
Nippon Systemware Co., Ltd. | 48,600 | 1,063,155 | ||||||
Nissha Co., Ltd. | 245,700 | 3,906,049 | ||||||
Nohmi Bosai, Ltd. | 145,100 | 2,671,681 | ||||||
# | NPC, Inc. | 30,900 | 200,850 | |||||
NSD Co., Ltd. | 508,160 | 9,259,276 | ||||||
Ohara, Inc. | 48,700 | 653,025 | ||||||
Ohizumi Manufacturing Co., Ltd. | 22,800 | 188,923 | ||||||
Okaya Electric Industries Co., Ltd. | 77,800 | 250,860 | ||||||
Oki Electric Industry Co., Ltd. | 520,900 | 4,555,019 | ||||||
ONO Sokki Co., Ltd. | 32,200 | 157,016 | ||||||
Optex Group Co., Ltd. | 169,820 | 2,309,821 | ||||||
#* | Optim Corp. | 76,200 | 1,383,077 | |||||
Optorun Co., Ltd. | 128,700 | 2,683,855 | ||||||
Oro Co., Ltd. | 31,300 | 1,049,642 | ||||||
Osaki Electric Co., Ltd. | 281,800 | 1,396,725 | ||||||
Oval Corp. | 35,600 | 84,634 | ||||||
PCA Corp. | 35,400 | 576,995 | ||||||
# | PCI Holdings, Inc. | 45,300 | 444,829 | |||||
Pipedo HD, Inc. | 7,700 | 169,651 | ||||||
Poletowin Pitcrew Holdings, Inc. | 202,800 | 1,844,754 | ||||||
# | Pro-Ship, Inc. | 51,100 | 773,275 | |||||
Relia, Inc. | 245,600 | 2,577,406 | ||||||
Restar Holdings Corp. | 127,900 | 2,123,617 | ||||||
* | Ricksoft Co., Ltd. | 2,000 | 32,118 | |||||
Riken Keiki Co., Ltd. | 93,800 | 2,566,881 | ||||||
Riso Kagaku Corp. | 110,600 | 2,255,314 | ||||||
River Eletec Corp. | 35,300 | 410,886 | ||||||
Roland DG Corp. | 82,600 | 2,295,802 | ||||||
Rorze Corp. | 68,900 | 4,890,128 | ||||||
RS Technologies Co., Ltd. | 4,800 | 237,395 | ||||||
Ryoden Corp. | 95,700 | 1,492,411 | ||||||
Ryosan Co., Ltd. | 142,200 | 2,929,588 | ||||||
# | Ryoyo Electro Corp. | 7,300 | 153,026 | |||||
# | Saison Information Systems Co., Ltd. | 27,400 | 487,842 | |||||
# | Sakura Internet, Inc. | 131,700 | 729,030 | |||||
Sanken Electric Co., Ltd. | 89,100 | 4,987,602 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||
# | Sanshin Electronics Co., Ltd. | 102,700 | $ | 1,578,667 | ||||
Santec Corp. | 14,800 | 193,328 | ||||||
# | Satori Electric Co., Ltd. | 79,180 | 661,411 | |||||
# | Saxa Holdings, Inc. | 30,600 | 395,005 | |||||
SB Technology Corp. | 65,000 | 1,763,689 | ||||||
# | Scala, Inc. | 102,100 | 682,886 | |||||
Segue Group Co., Ltd. | 1,900 | 13,708 | ||||||
Seikoh Giken Co., Ltd. | 23,900 | 395,635 | ||||||
SEMITEC Corp. | 8,000 | 799,246 | ||||||
# | SERAKU Co., Ltd. | 24,700 | 512,045 | |||||
Shibaura Electronics Co., Ltd. | 52,100 | 2,875,873 | ||||||
# | Shibaura Mechatronics Corp. | 24,100 | 1,450,558 | |||||
* | Shindengen Electric Manufacturing Co., Ltd. | 49,300 | 1,791,998 | |||||
Shinko Shoji Co., Ltd. | 264,600 | 2,011,480 | ||||||
Shizuki Electric Co., Inc. | 121,600 | 714,718 | ||||||
Showa Shinku Co., Ltd. | 24,400 | 329,252 | ||||||
Sigma Koki Co., Ltd. | 28,900 | 479,881 | ||||||
Siix Corp. | 200,600 | 2,150,764 | ||||||
SK-Electronics Co., Ltd. | 49,000 | 419,340 | ||||||
* | Smaregi, Inc. | 7,400 | 222,227 | |||||
SMK Corp. | 29,199 | 620,166 | ||||||
# | Softcreate Holdings Corp. | 50,000 | 1,401,085 | |||||
Soliton Systems K.K. | 54,100 | 742,709 | ||||||
# | Solxyz Co., Ltd. | 41,000 | 201,489 | |||||
Soshin Electric Co., Ltd. | 18,200 | 127,288 | ||||||
* | Speee, Inc. | 3,600 | 144,865 | |||||
SRA Holdings | 72,100 | 1,895,108 | ||||||
Sumida Corp. | 184,249 | 2,045,608 | ||||||
#* | Sun*, Inc. | 19,500 | 392,175 | |||||
# | Sun-Wa Technos Corp. | 79,800 | 1,035,288 | |||||
Suzuden Corp. | 3,400 | 46,759 | ||||||
Suzuki Co., Ltd. | 73,200 | 553,122 | ||||||
System D, Inc. | 1,100 | 12,465 | ||||||
# | System Information Co., Ltd. | 54,800 | 475,547 | |||||
System Research Co., Ltd. | 29,800 | 559,037 | ||||||
System Support, Inc. | 19,300 | 227,811 | ||||||
# | Systems Engineering Consultants Co., Ltd. | 6,600 | 142,716 | |||||
Systena Corp. | 355,300 | 7,151,373 | ||||||
Tachibana Eletech Co., Ltd. | 110,760 | 1,518,533 | ||||||
Takachiho Koheki Co., Ltd. | 40,900 | 441,931 | ||||||
# | TAKEBISHI Corp. | 52,200 | 760,566 | |||||
# | Tamagawa Holdings Co., Ltd. | 7,500 | 89,135 | |||||
# | Tamura Corp. | 444,000 | 2,903,911 | |||||
Tazmo Co., Ltd. | 57,600 | 781,781 | ||||||
# | TDC Soft, Inc. | 93,400 | 1,119,195 | |||||
* | TeamSpirit, Inc. | 1,300 | 9,828 | |||||
TechMatrix Corp. | 246,900 | 4,459,093 | ||||||
# | Techno Horizon Co., Ltd. | 56,700 | 656,199 | |||||
Tecnos Japan, Inc. | 46,100 | 252,418 | ||||||
# | Teikoku Tsushin Kogyo Co., Ltd. | 51,500 | 643,237 | |||||
# | Terilogy Co., Ltd. | 29,400 | 115,127 | |||||
# | TESEC Corp. | 22,600 | 515,035 | |||||
TKC Corp. | 186,500 | 5,860,669 | ||||||
Tobila Systems, Inc. | 1,600 | 18,953 | ||||||
Toho System Science Co., Ltd. | 2,700 | 26,020 | ||||||
# | Tokyo Electron Device, Ltd. | 45,100 | 2,954,317 | |||||
Tokyo Seimitsu Co., Ltd. | 253,800 | 10,416,419 | ||||||
Tomen Devices Corp. | 17,800 | 868,321 | ||||||
Topcon Corp. | 684,300 | 11,900,369 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||
Torex Semiconductor, Ltd. | 52,900 | $ | 1,262,165 | |||||
Toshiba TEC Corp. | 76,900 | 3,254,655 | ||||||
# | Toukei Computer Co., Ltd. | 6,210 | 267,785 | |||||
Towa Corp. | 144,600 | 3,282,230 | ||||||
# | Toyo Corp. | 149,600 | 1,613,911 | |||||
Transcosmos, Inc. | 79,600 | 2,599,304 | ||||||
# | Tri Chemical Laboratories, Inc. | 154,500 | 4,670,542 | |||||
Tsuzuki Denki Co., Ltd. | 42,800 | 680,917 | ||||||
Ubicom Holdings, Inc. | 29,000 | 752,158 | ||||||
Uchida Yoko Co., Ltd. | 50,500 | 2,458,560 | ||||||
ULS Group, Inc. | 8,100 | 380,313 | ||||||
Ulvac, Inc. | 185,000 | 10,534,391 | ||||||
Uniden Holdings Corp. | 41,500 | 1,091,694 | ||||||
UNITED, Inc. | 24,200 | 358,164 | ||||||
User Local, Inc. | 6,200 | 105,836 | ||||||
# | V Technology Co., Ltd. | 56,900 | 2,266,948 | |||||
VINX Corp. | 24,100 | 212,323 | ||||||
Visco Technologies Corp. | 1,700 | 25,450 | ||||||
Wacom Co., Ltd. | 990,000 | 6,295,630 | ||||||
# | Wellnet Corp. | 54,900 | 257,363 | |||||
#* | WILLs, Inc. | 34,200 | 330,806 | |||||
Wow World Inc. | 21,700 | 347,721 | ||||||
* | Writeup Co., Ltd. | 11,400 | 322,422 | |||||
# | YAC Holdings Co., Ltd. | 62,600 | 489,995 | |||||
Yamaichi Electronics Co., Ltd. | 151,900 | 2,245,715 | ||||||
# | Yashima Denki Co., Ltd. | 119,500 | 1,066,719 | |||||
YE DIGITAL Corp. | 14,400 | 72,400 | ||||||
Yokowo Co., Ltd. | 108,500 | 2,436,402 | ||||||
|
| |||||||
TOTAL INFORMATION TECHNOLOGY | 531,525,225 | |||||||
|
| |||||||
MATERIALS (11.6%) |
| |||||||
Achilles Corp. | 92,400 | 1,114,112 | ||||||
ADEKA Corp. | 602,400 | 13,536,314 | ||||||
Agro-Kanesho Co., Ltd. | 2,300 | 29,721 | ||||||
Aichi Steel Corp. | 70,200 | 1,669,772 | ||||||
Arakawa Chemical Industries, Ltd. | 110,100 | 1,206,979 | ||||||
# | Araya Industrial Co., Ltd. | 20,500 | 278,888 | |||||
Asahi Holdings, Inc. | 464,800 | 8,414,374 | ||||||
Asahi Printing Co., Ltd. | 25,700 | 201,994 | ||||||
Asahi Yukizai Corp. | 90,600 | 1,194,471 | ||||||
Asahipen Corp. | 2,100 | 34,851 | ||||||
# | Asia Pile Holdings Corp. | 210,800 | 906,053 | |||||
C Uyemura & Co., Ltd. | 72,700 | 2,942,319 | ||||||
Carlit Holdings Co., Ltd. | 131,200 | 1,041,171 | ||||||
Chuetsu Pulp & Paper Co., Ltd. | 49,900 | 542,739 | ||||||
# | Chugoku Marine Paints, Ltd. | 351,700 | 2,633,148 | |||||
CI Takiron Corp. | 291,200 | 1,650,446 | ||||||
CK-San-Etsu Co., Ltd. | 21,800 | 621,899 | ||||||
Dai Nippon Toryo Co., Ltd. | 129,600 | 1,007,618 | ||||||
Daicel Corp. | 694,900 | 5,410,625 | ||||||
Daido Steel Co., Ltd. | 170,600 | 7,235,639 | ||||||
# | Daiichi Kigenso Kagaku-Kogyo Co., Ltd. | 126,400 | 1,760,720 | |||||
Daiken Corp. | 77,000 | 1,613,165 | ||||||
Daiki Aluminium Industry Co., Ltd. | 178,800 | 2,659,343 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 84,300 | 2,069,734 | ||||||
# | Daito Chemix Corp. | 20,700 | 241,185 | |||||
DIC Corp. | 114,800 | 3,238,061 | ||||||
DKS Co., Ltd. | 50,800 | 1,464,636 | ||||||
Dowa Holdings Co., Ltd. | 199,905 | 7,852,093 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
MATERIALS (Continued) |
| |||||||
Dynapac Co., Ltd. | 8,500 | $ | 109,359 | |||||
Fuji Seal International, Inc. | 224,600 | 4,846,508 | ||||||
Fujikura Kasei Co., Ltd. | 167,500 | 817,965 | ||||||
Fujimi, Inc. | 36,800 | 2,119,772 | ||||||
# | Fujimori Kogyo Co., Ltd. | 106,900 | 4,633,808 | |||||
Fuso Chemical Co., Ltd. | 119,600 | 5,417,902 | ||||||
* | Geostr Corp. | 57,100 | 180,852 | |||||
# | Godo Steel, Ltd. | 63,600 | 850,668 | |||||
Gun-Ei Chemical Industry Co., Ltd. | 31,700 | 910,176 | ||||||
# | Hakudo Co., Ltd. | 43,900 | 1,224,921 | |||||
Harima Chemicals Group, Inc. | 96,100 | 780,639 | ||||||
Hodogaya Chemical Co., Ltd. | 43,000 | 1,997,868 | ||||||
Hokkan Holdings, Ltd. | 58,100 | 749,152 | ||||||
Hokko Chemical Industry Co., Ltd. | 119,100 | 1,212,207 | ||||||
# | Hokuetsu Corp. | 793,299 | 4,858,208 | |||||
Ise Chemicals Corp. | 13,000 | 448,672 | ||||||
# | Ishihara Chemical Co., Ltd. | 71,000 | 907,738 | |||||
Ishihara Sangyo Kaisha, Ltd. | 227,250 | 2,574,518 | ||||||
* | Ishizuka Glass Co., Ltd. | 12,900 | 252,764 | |||||
Japan Pure Chemical Co., Ltd. | 500 | 13,033 | ||||||
JCU Corp. | 137,200 | 5,452,606 | ||||||
JSP Corp. | 81,100 | 1,176,368 | ||||||
Kaneka Corp. | 27,300 | 1,140,270 | ||||||
Kanto Denka Kogyo Co., Ltd. | 288,300 | 2,745,740 | ||||||
Katakura & Co-op Agri Corp. | 21,500 | 234,462 | ||||||
KeePer Technical Laboratory Co., Ltd. | 102,400 | 3,099,200 | ||||||
KEIWA, Inc. | 7,300 | 337,413 | ||||||
KH Neochem Co., Ltd. | 229,700 | 6,286,210 | ||||||
# | Kimoto Co., Ltd. | 222,300 | 488,588 | |||||
Koatsu Gas Kogyo Co., Ltd. | 194,693 | 1,327,255 | ||||||
Kobe Steel, Ltd. | 1,495,100 | 9,057,746 | ||||||
# | Kohsoku Corp. | 70,200 | 943,116 | |||||
# | Konishi Co., Ltd. | 215,600 | 3,433,879 | |||||
Konoshima Chemical Co., Ltd. | 37,500 | 1,039,194 | ||||||
Krosaki Harima Corp. | 30,400 | 1,317,543 | ||||||
Kumiai Chemical Industry Co., Ltd. | 264,287 | 2,067,620 | ||||||
Kunimine Industries Co., Ltd. | 41,700 | 418,771 | ||||||
Kureha Corp. | 103,950 | 7,012,947 | ||||||
Kurimoto, Ltd. | 60,500 | 885,830 | ||||||
Kuriyama Holdings Corp. | 78,000 | 711,701 | ||||||
Kyoei Steel, Ltd. | 141,500 | 1,747,694 | ||||||
# | Kyowa Leather Cloth Co., Ltd. | 81,300 | 500,260 | |||||
Lintec Corp. | 271,800 | 6,207,874 | ||||||
Maeda Kosen Co., Ltd. | 119,400 | 3,539,154 | ||||||
Maruichi Steel Tube, Ltd. | 149,800 | 3,464,395 | ||||||
MEC Co., Ltd. | 97,900 | 2,796,607 | ||||||
# | Mitani Sekisan Co., Ltd. | 67,400 | 4,350,868 | |||||
* | Mitsubishi Paper Mills, Ltd. | 277,700 | 923,336 | |||||
# | Mitsubishi Steel Manufacturing Co., Ltd. | 58,300 | 624,328 | |||||
Mitsui Mining & Smelting Co., Ltd. | 372,700 | 10,345,815 | ||||||
# | Molitec Steel Co., Ltd. | 83,100 | 330,798 | |||||
MORESCO Corp. | 39,800 | 437,609 | ||||||
Moriroku Holdings Co., Ltd. | 8,000 | 148,617 | ||||||
# | Mory Industries, Inc. | 34,700 | 736,298 | |||||
Nakayama Steel Works, Ltd. | 169,700 | 648,207 | ||||||
Nasu Denki Tekko Co., Ltd. | 3,000 | 300,979 | ||||||
Neturen Co., Ltd. | 222,100 | 1,276,803 | ||||||
New Japan Chemical Co., Ltd. | 117,500 | 361,575 | ||||||
# | Nicca Chemical Co., Ltd. | 45,700 | 423,451 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
MATERIALS (Continued) |
| |||||||
# | Nichia Steel Works, Ltd. | 138,600 | $ | 379,967 | ||||
Nihon Kagaku Sangyo Co., Ltd. | 83,100 | 1,004,327 | ||||||
Nihon Nohyaku Co., Ltd. | 243,500 | 1,200,461 | ||||||
Nihon Parkerizing Co., Ltd. | 521,900 | 5,355,654 | ||||||
# | Nihon Yamamura Glass Co., Ltd. | 67,600 | 557,051 | |||||
Nippon Carbide Industries Co., Inc. | 46,200 | 589,308 | ||||||
Nippon Chemical Industrial Co., Ltd. | 46,300 | 1,298,458 | ||||||
Nippon Concrete Industries Co., Ltd. | 293,100 | 794,460 | ||||||
# | Nippon Denko Co., Ltd. | 767,314 | 2,187,734 | |||||
# | Nippon Fine Chemical Co., Ltd. | 83,400 | 1,627,606 | |||||
Nippon Kayaku Co., Ltd. | 486,000 | 5,363,281 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 376,490 | 6,554,980 | ||||||
# | Nippon Paper Industries Co., Ltd. | 517,600 | 5,492,890 | |||||
Nippon Pillar Packing Co., Ltd. | 134,200 | 3,219,793 | ||||||
Nippon Shokubai Co., Ltd. | 72,100 | 3,708,131 | ||||||
Nippon Soda Co., Ltd. | 154,300 | 4,958,818 | ||||||
Nippon Yakin Kogyo Co., Ltd. | 95,349 | 2,243,320 | ||||||
# | Nitta Gelatin, Inc. | 85,500 | 499,610 | |||||
Nittetsu Mining Co., Ltd. | 36,300 | 2,102,858 | ||||||
Nozawa Corp. | 47,500 | 303,884 | ||||||
Oat Agrio Co., Ltd. | 24,600 | 434,120 | ||||||
Okamoto Industries, Inc. | 70,500 | 2,597,949 | ||||||
Okura Industrial Co., Ltd. | 55,200 | 1,148,678 | ||||||
Osaka Organic Chemical Industry, Ltd. | 102,400 | 3,479,687 | ||||||
Osaka Soda Co., Ltd. | 93,799 | 2,263,464 | ||||||
Osaka Steel Co., Ltd. | 89,300 | 887,826 | ||||||
* | OSAKA Titanium Technologies Co., Ltd. | 160,600 | 1,135,655 | |||||
# | Pacific Metals Co., Ltd. | 92,999 | 1,541,133 | |||||
# | Pack Corp. (The) | 87,200 | 2,420,624 | |||||
Rasa Industries, Ltd. | 45,700 | 780,557 | ||||||
Rengo Co., Ltd. | 671,000 | 5,242,377 | ||||||
# | Riken Technos Corp. | 234,800 | 1,186,573 | |||||
Sakai Chemical Industry Co., Ltd. | 102,500 | 2,161,873 | ||||||
Sakata INX Corp. | 285,100 | 2,991,907 | ||||||
Sanyo Chemical Industries, Ltd. | 93,800 | 4,895,253 | ||||||
Sanyo Special Steel Co., Ltd. | 131,960 | 2,119,647 | ||||||
Seiko PMC Corp. | 78,300 | 583,340 | ||||||
Sekisui Kasei Co., Ltd. | 150,000 | 793,480 | ||||||
Shikoku Chemicals Corp. | 231,100 | 2,888,947 | ||||||
Shinagawa Refractories Co., Ltd. | 37,800 | 1,330,631 | ||||||
Shin-Etsu Polymer Co., Ltd. | 286,200 | 2,673,924 | ||||||
SK Kaken Co., Ltd. | 1,200 | 425,743 | ||||||
Soken Chemical & Engineering Co., Ltd. | 48,400 | 967,714 | ||||||
Stella Chemifa Corp. | 65,600 | 1,738,935 | ||||||
Sumitomo Bakelite Co., Ltd. | 192,800 | 8,906,106 | ||||||
# | Sumitomo Osaka Cement Co., Ltd. | 226,899 | 6,315,913 | |||||
Sumitomo Seika Chemicals Co., Ltd. | 56,400 | 1,831,772 | ||||||
# | T Hasegawa Co., Ltd. | 209,300 | 4,983,691 | |||||
# | T&K Toka Co., Ltd. | 134,300 | 1,007,640 | |||||
Taisei Lamick Co., Ltd. | 42,300 | 1,058,794 | ||||||
Taiyo Holdings Co., Ltd. | 229,200 | 5,818,445 | ||||||
Takasago International Corp. | 87,000 | 2,319,868 | ||||||
Takemoto Yohki Co., Ltd. | 43,800 | 369,922 | ||||||
# | Taoka Chemical Co., Ltd. | 23,500 | 509,308 | |||||
Tayca Corp. | 103,900 | 1,242,987 | ||||||
Tenma Corp. | 116,800 | 2,790,455 | ||||||
# | Titan Kogyo, Ltd. | 5,100 | 88,230 | |||||
Toagosei Co., Ltd. | 740,500 | 8,593,057 | ||||||
#* | Toda Kogyo Corp. | 1,400 | 38,505 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
MATERIALS (Continued) |
| |||||||
# | Toho Acetylene Co., Ltd. | 12,700 | $ | 149,036 | ||||
Toho Chemical Industry Co., Ltd. | 47,000 | 226,801 | ||||||
Toho Titanium Co., Ltd. | 231,000 | 2,461,286 | ||||||
# | Toho Zinc Co., Ltd. | 89,899 | 2,103,946 | |||||
Tohoku Steel Co., Ltd. | 16,300 | 248,504 | ||||||
Tokushu Tokai Paper Co., Ltd. | 64,258 | 2,587,191 | ||||||
Tokuyama Corp. | 385,498 | 7,354,446 | ||||||
Tokyo Printing Ink Manufacturing Co., Ltd. | 10,200 | 216,068 | ||||||
* | Tokyo Rope Manufacturing Co., Ltd. | 45,400 | 395,613 | |||||
Tokyo Steel Manufacturing Co., Ltd. | 615,600 | 6,320,778 | ||||||
Tokyo Tekko Co., Ltd. | 61,900 | 881,980 | ||||||
* | Tomoegawa Co., Ltd. | 29,600 | 248,440 | |||||
Tomoku Co., Ltd. | 70,600 | 1,222,389 | ||||||
Topy Industries, Ltd. | 88,200 | 962,085 | ||||||
Toyo Gosei Co., Ltd. | 31,100 | 4,142,599 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 240,100 | 4,513,750 | ||||||
# | Toyo Seikan Group Holdings, Ltd. | 153,800 | 1,798,787 | |||||
Toyobo Co., Ltd. | 523,000 | 6,525,366 | ||||||
TYK Corp. | 148,500 | 437,020 | ||||||
* | UACJ Corp. | 208,841 | 5,468,952 | |||||
Ube Industries, Ltd. | 425,800 | 8,325,283 | ||||||
# | Valqua, Ltd. | 108,399 | 2,082,715 | |||||
Vertex Corp. | 45,998 | 1,348,852 | ||||||
Wavelock Holdings Co., Ltd. | 30,900 | 191,985 | ||||||
# | Wood One Co., Ltd. | 40,897 | 413,247 | |||||
#* | W-Scope Corp. | 31,100 | 238,490 | |||||
Yamato Kogyo Co., Ltd. | 253,200 | 8,109,035 | ||||||
Yodogawa Steel Works, Ltd. | 142,600 | 3,108,851 | ||||||
# | Yotai Refractories Co., Ltd. | 119,200 | 1,312,093 | |||||
Yushiro Chemical Industry Co., Ltd. | 67,000 | 713,754 | ||||||
|
| |||||||
TOTAL MATERIALS | 411,936,590 | |||||||
|
| |||||||
REAL ESTATE (1.7%) |
| |||||||
AD Works Group Co., Ltd. | 219,879 | 316,843 | ||||||
Airport Facilities Co., Ltd. | 143,970 | 777,834 | ||||||
Anabuki Kosan, Inc. | 16,400 | 304,183 | ||||||
Aoyama Zaisan Networks Co., Ltd. | 90,200 | 833,657 | ||||||
Apaman Co., Ltd. | 75,900 | 370,715 | ||||||
# | Ardepro Co., Ltd. | 70,700 | 36,037 | |||||
Arealink Co., Ltd. | 29,600 | 387,355 | ||||||
# | B-Lot Co., Ltd. | 40,000 | 194,368 | |||||
Cosmos Initia Co., Ltd. | 94,400 | 369,820 | ||||||
# | CRE, Inc. | 19,600 | 421,953 | |||||
# | Daibiru Corp. | 312,700 | 4,596,445 | |||||
# | Dear Life Co., Ltd. | 152,600 | 658,553 | |||||
Goldcrest Co., Ltd. | 103,270 | 1,565,708 | ||||||
Good Com Asset Co., Ltd. | 42,500 | 548,063 | ||||||
Grandy House Corp. | 95,600 | 421,584 | ||||||
Heiwa Real Estate Co., Ltd. | 228,000 | 7,909,689 | ||||||
Ichigo, Inc. | 945,400 | 3,110,180 | ||||||
* | Japan Asset Marketing Co., Ltd. | 1,077,900 | 1,005,219 | |||||
# | Japan Property Management Center Co., Ltd. | 86,300 | 928,090 | |||||
JSB Co., Ltd. | 19,500 | 544,932 | ||||||
Katitas Co., Ltd. | 119,300 | 4,205,126 | ||||||
Keihanshin Building Co., Ltd. | 214,600 | 2,710,354 | ||||||
Loadstar Capital KK | 9,200 | 81,305 | ||||||
#* | Mirainovate Co., Ltd. | 285,540 | 628,961 | |||||
Mugen Estate Co., Ltd. | 64,200 | 280,241 | ||||||
Nippon Commercial Development Co., Ltd. | 84,600 | 1,318,635 |
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
REAL ESTATE (Continued) |
| |||||||
# | Nisshin Group Holdings Co., Ltd. | 210,700 | $ | 949,541 | ||||
# | Property Agent, Inc. | 9,200 | 261,684 | |||||
# | Raysum Co., Ltd. | 97,800 | 669,152 | |||||
SAMTY Co., Ltd. | 180,350 | 3,770,505 | ||||||
Sankyo Frontier Co., Ltd. | 24,600 | 1,157,194 | ||||||
Sansei Landic Co., Ltd. | 29,100 | 215,306 | ||||||
Shinoken Group Co., Ltd. | 112,600 | 1,170,804 | ||||||
* | SRE Holdings Corp. | 25,400 | 1,801,712 | |||||
Star Mica Holdings Co., Ltd. | 87,800 | 1,211,211 | ||||||
Starts Corp., Inc. | 224,000 | 5,330,095 | ||||||
Sun Frontier Fudousan Co., Ltd. | 202,800 | 2,023,369 | ||||||
Sunnexta Group, Inc. | 11,700 | 105,371 | ||||||
Takara Leben Co., Ltd. | 547,800 | 1,581,477 | ||||||
Tenpo Innovation Co., Ltd. | 3,100 | 25,826 | ||||||
TOC Co., Ltd. | 318,850 | 1,879,001 | ||||||
Tokyo Rakutenchi Co., Ltd. | 19,800 | 731,810 | ||||||
#* | Tokyo Theatres Co., Inc. | 47,099 | 540,648 | |||||
Tosei Corp. | 202,900 | 2,184,569 | ||||||
Urbanet Corp. Co., Ltd. | 92,700 | 259,492 | ||||||
Yoshicon Co., Ltd. | 3,100 | 32,967 | ||||||
|
| |||||||
TOTAL REAL ESTATE | 60,427,584 | |||||||
|
| |||||||
UTILITIES (1.5%) |
| |||||||
# | EF-ON, Inc. | 88,520 | 673,142 | |||||
# | eRex Co., Ltd. | 194,300 | 4,315,474 | |||||
Hiroshima Gas Co., Ltd. | 322,200 | 1,117,965 | ||||||
# | Hokkaido Electric Power Co., Inc. | 1,163,200 | 5,538,451 | |||||
Hokkaido Gas Co., Ltd. | 98,500 | 1,364,539 | ||||||
# | Hokuriku Electric Power Co. | 991,200 | 5,343,524 | |||||
# | Hokuriku Gas Co., Ltd. | 10,100 | 282,514 | |||||
K&O Energy Group, Inc. | 100,400 | 1,269,049 | ||||||
Nippon Gas Co., Ltd. | 684,000 | 9,395,097 | ||||||
Okinawa Electric Power Co., Inc. (The) | 300,516 | 3,870,813 | ||||||
Saibu Gas Holdings Co., Ltd. | 223,200 | 4,937,922 | ||||||
# | Shikoku Electric Power Co., Inc. | 656,500 | 4,550,084 | |||||
Shizuoka Gas Co., Ltd. | 334,900 | 4,037,723 | ||||||
# | Toell Co., Ltd. | 57,500 | 447,889 | |||||
West Holdings Corp. | 143,603 | 6,320,370 | ||||||
|
| |||||||
TOTAL UTILITIES | 53,464,556 | |||||||
|
| |||||||
TOTAL COMMON STOCKS | 3,480,670,356 | |||||||
|
| |||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||
ENERGY (0.0%) |
| |||||||
* | Fuji Kosan Co., Ltd. Anrechte Rights 09/30/22 | 4,400 | 0 | |||||
|
| |||||||
TOTAL INVESTMENT SECURITIES (Cost $2,871,953,302) | 3,480,670,356 | |||||||
|
| |||||||
Value | ||||||||
SECURITIES LENDING COLLATERAL (2.1%) |
| |||||||
@§ | The DFA Short Term Investment Fund | 6,374,062 | 73,747,899 | |||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | ||||||||
(Cost $2,945,688,458)^^ | $ | 3,554,418,255 | ||||||
|
|
THE JAPANESE SMALL COMPANY SERIES
CONTINUED
Summary of the Series investments as of September 30, 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 | | $ | 110,917,836 | | $ | 110,917,836 | ||||||||||
Consumer Discretionary | | 507,451,934 | | 507,451,934 | ||||||||||||
Consumer Staples | | 263,022,216 | | 263,022,216 | ||||||||||||
Energy | | 34,010,579 | | 34,010,579 | ||||||||||||
Financials | | 296,822,643 | | 296,822,643 | ||||||||||||
Health Care | | 158,958,123 | | 158,958,123 | ||||||||||||
Industrials | | 1,052,133,070 | | 1,052,133,070 | ||||||||||||
Information Technology | | 531,525,225 | | 531,525,225 | ||||||||||||
Materials | | 411,936,590 | | 411,936,590 | ||||||||||||
Real Estate | | 60,427,584 | | 60,427,584 | ||||||||||||
Utilities | | 53,464,556 | | 53,464,556 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Securities Lending Collateral | | 73,747,899 | | 73,747,899 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | | $ | 3,554,418,255 | | $ | 3,554,418,255 | ||||||||||
|
|
|
|
|
|
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Shares | Value» | |||||||||
COMMON STOCKS (97.7%) |
| |||||||||
AUSTRALIA (58.0%) |
| |||||||||
* | 3P Learning, Ltd. | 93,233 | $ | 81,274 | ||||||
# | 5G Networks, Ltd. | 35,296 | 23,787 | |||||||
* | A2B Australia, Ltd. | 313,193 | 301,796 | |||||||
Accent Group, Ltd. | 2,156,788 | 3,476,295 | ||||||||
Adairs, Ltd. | 929,029 | 2,700,369 | ||||||||
Adbri, Ltd. | 2,286,093 | 5,265,829 | ||||||||
#* | Advance NanoTek, Ltd. | 9,653 | 24,713 | |||||||
# | AGL Energy, Ltd. | 1,270,571 | 5,247,046 | |||||||
* | Ainsworth Game Technology, Ltd. | 458,139 | 407,973 | |||||||
#* | Alcidion Group, Ltd. | 407,251 | 103,782 | |||||||
#* | Alkane Resources, Ltd. | 3,127,231 | 1,918,851 | |||||||
* | Alliance Aviation Services, Ltd. | 236,140 | 728,940 | |||||||
ALS, Ltd. | 310,328 | 2,794,750 | ||||||||
Altium, Ltd. | 49,728 | 1,254,619 | ||||||||
#* | Altura Mining, Ltd. | 1,171,741 | 11,123 | |||||||
#* | AMA Group, Ltd. | 3,098,482 | 982,417 | |||||||
#* | American Pacific Borates, Ltd. | 10,282 | 10,864 | |||||||
#* | AMP, Ltd. | 10,734,600 | 7,569,340 | |||||||
Ansell, Ltd. | 227,013 | 5,515,817 | ||||||||
Appen, Ltd. | 355,148 | 2,254,601 | ||||||||
* | Arafura Resources, Ltd. | 4,384,468 | 696,001 | |||||||
ARB Corp., Ltd. | 516,779 | 17,971,708 | ||||||||
#* | Ardent Leisure Group, Ltd. | 3,156,808 | 3,672,063 | |||||||
#* | Argosy Minerals, Ltd. | 1,030,094 | 149,431 | |||||||
* | Atomos, Ltd. | 322,939 | 356,283 | |||||||
AUB Group, Ltd. | 496,714 | 8,428,098 | ||||||||
#* | Audinate Group, Ltd. | 29,694 | 213,050 | |||||||
#* | Aurelia Metals, Ltd. | 6,485,813 | 1,406,394 | |||||||
Austal, Ltd. | 2,278,005 | 3,059,370 | ||||||||
Austin Engineering, Ltd. | 129,055 | 22,453 | ||||||||
#* | Australian Agricultural Co., Ltd. | 3,315,760 | 3,520,559 | |||||||
Australian Ethical Investment, Ltd. | 93,967 | 745,211 | ||||||||
Australian Finance Group, Ltd. | 1,471,003 | 2,913,328 | ||||||||
* | Australian Mines Ltd. | 8,955,734 | 146,461 | |||||||
Australian Pharmaceutical Industries, Ltd. | 2,800,624 | 2,983,129 | ||||||||
* | Australian Potash, Ltd. | 312,442 | 21,682 | |||||||
#* | Australian Strategic Materials, Ltd. | 493,304 | 3,508,562 | |||||||
# | Australian Vintage, Ltd. | 3,306,194 | 1,915,592 | |||||||
Auswide Bank, Ltd. | 128,732 | 599,599 | ||||||||
# | Ava Risk Group, Ltd. | 27,751 | 9,551 | |||||||
# | AVJennings, Ltd. | 6,240,021 | 2,729,248 | |||||||
#* | AVZ Minerals, Ltd. | 1,847,793 | 441,661 | |||||||
* | Axsesstoday, Ltd. | 1,687 | 1 | |||||||
Baby Bunting Group, Ltd. | 685,252 | 2,733,307 | ||||||||
* | Bannerman Energy, Ltd. | 831,485 | 147,632 | |||||||
Bapcor, Ltd. | 2,189,248 | 11,808,765 | ||||||||
Base Resources, Ltd. | 702,809 | 131,964 | ||||||||
* | BCI Minerals, Ltd. | 931,560 | 260,182 | |||||||
Beach Energy, Ltd. | 7,632,087 | 8,150,975 | ||||||||
Beacon Lighting Group, Ltd. | 253,163 | 389,834 | ||||||||
Beacon Minerals, Ltd. | 1,192,212 | 26,773 | ||||||||
Bega Cheese, Ltd. | 1,973,378 | 7,579,804 | ||||||||
Bell Financial Group, Ltd. | 529,558 | 648,450 | ||||||||
#* | Bellevue Gold, Ltd. | 2,356,097 | 1,437,126 | |||||||
Bendigo & Adelaide Bank, Ltd. | 67,772 | 455,356 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
#* | Betmakers Technology Group, Ltd. | 1,239,988 | $ | 934,772 | ||||||
#* | Bigtincan Holdings, Ltd. | 1,280,517 | 1,161,834 | |||||||
* | Bionomics, Ltd. | 160,677 | 19,772 | |||||||
* | Black Rock Mining, Ltd. | 1,002,830 | 135,258 | |||||||
# | Blackmores, Ltd. | 94,090 | 6,370,732 | |||||||
#* | Boss Energy, Ltd. | 1,063,759 | 179,897 | |||||||
* | Botanix Pharmaceuticals, Ltd. | 688,967 | 34,148 | |||||||
Bravura Solutions, Ltd. | 1,794,239 | 3,934,794 | ||||||||
Breville Group, Ltd. | 701,776 | 14,447,513 | ||||||||
Brickworks, Ltd. | 486,532 | 8,655,426 | ||||||||
BWX, Ltd. | 891,297 | 3,121,304 | ||||||||
* | Byron Energy, Ltd. | 89,192 | 8,674 | |||||||
* | Calidus Resources, Ltd. | 690,973 | 269,374 | |||||||
Calima Energy, Ltd. | 199,846 | 31,063 | ||||||||
#* | Calix, Ltd. | 399,626 | 1,492,613 | |||||||
Capitol Health, Ltd. | 4,582,866 | 1,226,295 | ||||||||
Capral, Ltd. | 21,060 | 121,981 | ||||||||
#* | Capricorn Metals, Ltd. | 537,034 | 826,487 | |||||||
* | Carbon Revolution, Ltd. | 18,378 | 16,074 | |||||||
Cardno, Ltd. | 1,128,765 | 906,107 | ||||||||
#* | Carnarvon Petroleum, Ltd. | 3,654,664 | 827,536 | |||||||
carsales.com Ltd | 621,493 | 11,155,495 | ||||||||
# | Cash Converters International, Ltd. | 2,766,362 | 506,689 | |||||||
#* | Catapult Group International, Ltd. | 401,552 | 557,287 | |||||||
* | CDS Technologies, Ltd. | 13,276 | 0 | |||||||
Cedar Woods Properties, Ltd. | 430,903 | 1,886,951 | ||||||||
* | Central Petroleum, Ltd. | 698,601 | 55,332 | |||||||
* | Centrebet Litigation | 81,336 | 0 | |||||||
* | Centrebet Litigation Claim | 81,336 | 0 | |||||||
# | Centuria Capital Group | 1,210,015 | 2,944,232 | |||||||
Challenger, Ltd. | 2,321,555 | 10,330,410 | ||||||||
* | Champion Iron, Ltd. | 1,088,458 | 3,721,579 | |||||||
* | City Chic Collective, Ltd. | 601,537 | 2,795,565 | |||||||
# | Class, Ltd. | 492,033 | 614,228 | |||||||
* | Clean Seas Seafood, Ltd. | 231,488 | 93,785 | |||||||
#* | Clean TeQ Water, Ltd. | 4,346 | 2,074 | |||||||
Cleanaway Waste Management, Ltd. | 2,733,816 | 5,365,185 | ||||||||
ClearView Wealth, Ltd. | 54,600 | 26,965 | ||||||||
Clinuvel Pharmaceuticals, Ltd. | 201,161 | 6,151,277 | ||||||||
# | Clover Corp., Ltd. | 615,067 | 683,658 | |||||||
Codan, Ltd. | 670,501 | 6,086,643 | ||||||||
#* | Collection House, Ltd. | 2,084,920 | 256,133 | |||||||
Collins Foods, Ltd. | 745,683 | 6,483,595 | ||||||||
#* | Cooper Energy, Ltd. | 11,268,438 | 2,189,653 | |||||||
#* | Core Lithium, Ltd. | 756,237 | 226,537 | |||||||
* | Corporate Travel Management, Ltd. | 650,080 | 11,337,857 | |||||||
Costa Group Holdings, Ltd. | 2,751,728 | 6,416,187 | ||||||||
Credit Corp. Group, Ltd. | 442,571 | 9,547,601 | ||||||||
CSR, Ltd. | 3,109,441 | 12,360,679 | ||||||||
* | Cynata Therapeutics, Ltd. | 48,635 | 20,091 | |||||||
* | Dacian Gold, Ltd. | 808,363 | 113,458 | |||||||
* | Danakali Ltd. | 591,349 | 182,463 | |||||||
Data#3, Ltd. | 1,010,106 | 3,475,231 | ||||||||
* | Decmil Group, Ltd. | 508,303 | 128,896 | |||||||
#* | Deep Yellow, Ltd. | 571,545 | 377,687 | |||||||
Deterra Royalties, Ltd. | 1,940,354 | 5,221,576 | ||||||||
# | Dicker Data, Ltd. | 302,742 | 2,726,002 | |||||||
Domain Holdings Australia, Ltd. | 1,497,814 | 5,981,379 | ||||||||
Downer EDI, Ltd. | 2,230,638 | 10,167,250 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
Eagers Automotive, Ltd. | 775,292 | $ | 8,239,506 | |||||||
Earlypay, Ltd. | 728,579 | 239,783 | ||||||||
#* | Eclipx Group, Ltd. | 2,030,317 | 3,586,987 | |||||||
* | Ecofibre, Ltd. | 32,231 | 19,631 | |||||||
#* | Ecograf, Ltd. | 1,451,454 | 728,644 | |||||||
Elanor Investor Group | 253,444 | 378,536 | ||||||||
Elders, Ltd. | 1,009,369 | 8,818,320 | ||||||||
#* | Electro Optic Systems Holdings, Ltd. | 454,671 | 1,115,174 | |||||||
* | Element 25, Ltd. | 9,948 | 13,401 | |||||||
* | Elixir Energy, Ltd. | 2,250,692 | 408,708 | |||||||
# | Emeco Holdings, Ltd. | 1,879,631 | 1,412,700 | |||||||
#* | EML Payments, Ltd. | 958,009 | 2,631,065 | |||||||
* | Energy Resources of Australia, Ltd. | 109,631 | 27,166 | |||||||
Enero Group, Ltd. | 114,016 | 248,295 | ||||||||
* | EnviroSuite, Ltd. | 359,484 | 43,693 | |||||||
EQT Holdings, Ltd. | 115,481 | 2,400,641 | ||||||||
Estia Health, Ltd. | 1,663,088 | 2,736,827 | ||||||||
Eureka Group Holdings, Ltd. | 28,507 | 13,177 | ||||||||
Euroz, Ltd. | 187,846 | 206,186 | ||||||||
* | EVENT Hospitality and Entertainment, Ltd. | 546,035 | 6,026,492 | |||||||
* | FAR, Ltd. | 127,715 | 69,710 | |||||||
Finbar Group, Ltd. | 259,787 | 151,247 | ||||||||
Fleetwood, Ltd. | 489,987 | 799,603 | ||||||||
#* | Flight Centre Travel Group, Ltd. | 549,799 | 8,383,946 | |||||||
* | Fluence Corp., Ltd. | 116,395 | 15,115 | |||||||
#* | Freedom Foods Group, Ltd. | 362,595 | 128,167 | |||||||
* | Frontier Digital Ventures, Ltd. | 430,761 | 486,601 | |||||||
* | Future Metals NL | 149,771 | 20,364 | |||||||
#* | G8 Education, Ltd. | 5,653,335 | 4,252,150 | |||||||
#* | Galan Lithium, Ltd. | 1,097,389 | 788,614 | |||||||
#* | Genetic Signatures, Ltd. | 104,648 | 109,750 | |||||||
#* | Genex Power, Ltd. | 799,280 | 134,112 | |||||||
Genworth Mortgage Insurance Australia, Ltd. | 1,707,439 | 2,702,050 | ||||||||
* | Geopacific Resources, Ltd. | 14,236 | 3,277 | |||||||
Geopacific Resources, Ltd. | 19,080 | 4,414 | ||||||||
# | Gold Road Resources, Ltd. | 5,327,816 | 4,598,334 | |||||||
GR Engineering Services, Ltd. | 113,739 | 145,033 | ||||||||
GrainCorp, Ltd., Class A | 1,547,172 | 6,981,312 | ||||||||
Grange Resources, Ltd. | 1,143,598 | 441,013 | ||||||||
#* | Greenland Minerals, Ltd. | 1,692,337 | 131,542 | |||||||
* | GTN, Ltd. | 15,394 | 5,081 | |||||||
GUD Holdings, Ltd. | 769,603 | 5,616,047 | ||||||||
GWA Group, Ltd. | 1,516,127 | 2,967,920 | ||||||||
* | GWR Group, Ltd. | 182,456 | 19,126 | |||||||
Hansen Technologies, Ltd. | 1,293,047 | 5,119,426 | ||||||||
Healius, Ltd. | 3,973,423 | 13,563,009 | ||||||||
#* | Helloworld Travel, Ltd. | 51,370 | 93,922 | |||||||
* | Highfield Resources, Ltd. | 198,321 | 70,885 | |||||||
* | Horizon Oil, Ltd. | 714,889 | 46,507 | |||||||
* | Hot Chili, Ltd. | 2,596,076 | 68,792 | |||||||
HT&E, Ltd. | 1,686,962 | 2,010,865 | ||||||||
HUB24, Ltd. | 281,179 | 5,789,765 | ||||||||
#* | Humm Group, Ltd. | 2,480,303 | 1,504,987 | |||||||
* | IDM International, Ltd. | 958 | 0 | |||||||
* | IDT Australia, Ltd. | 287,449 | 133,226 | |||||||
IGO, Ltd. | 416,377 | 2,609,529 | ||||||||
Iluka Resources, Ltd. | 1,860,372 | 11,967,353 | ||||||||
Image Resources NL | 371,646 | 43,497 | ||||||||
Imdex, Ltd. | 2,736,338 | 4,566,350 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
* | Immutep, Ltd. | 218,170 | $ | 84,667 | ||||||
#* | ImpediMed, Ltd. | 417,437 | 37,424 | |||||||
Infomedia, Ltd. | 2,799,017 | 3,518,478 | ||||||||
# | Inghams Group, Ltd. | 2,191,759 | 6,454,597 | |||||||
Intega Group, Ltd. | 1,127,842 | 456,730 | ||||||||
Integral Diagnostics, Ltd. | 981,703 | 3,488,539 | ||||||||
* | Integrated Research, Ltd. | 791,910 | 931,656 | |||||||
* | Investigator Resources, Ltd. | 686,170 | 29,626 | |||||||
# | InvoCare, Ltd. | 945,502 | 7,944,430 | |||||||
#* | ioneer, Ltd. | 7,166,849 | 3,216,083 | |||||||
IOOF Holdings, Ltd. | 3,815,495 | 11,647,030 | ||||||||
#* | IOUpay, Ltd. | 1,476,593 | 281,179 | |||||||
IPH, Ltd. | 1,243,670 | 8,122,153 | ||||||||
IRESS, Ltd. | 1,225,060 | 9,991,732 | ||||||||
iSelect, Ltd. | 33,051 | 8,298 | ||||||||
IVE Group, Ltd. | 580,082 | 638,783 | ||||||||
* | Japara Healthcare, Ltd. | 1,594,623 | 1,586,297 | |||||||
#* | Jervois Global, Ltd. | 88,121 | 31,164 | |||||||
Johns Lyng Group, Ltd. | 843,057 | 3,711,946 | ||||||||
Jumbo Interactive, Ltd. | 208,843 | 2,395,653 | ||||||||
# | Jupiter Mines, Ltd. | 5,368,466 | 852,634 | |||||||
#* | Kalium Lakes, Ltd. | 274,901 | 41,063 | |||||||
#* | Karoon Energy, Ltd. | 3,575,159 | 3,948,381 | |||||||
* | KGL Resources, Ltd. | 114,772 | 44,530 | |||||||
* | Kingsgate Consolidated, Ltd. | 1,079,815 | 1,238,249 | |||||||
#* | Kogan.com, Ltd. | 404,467 | 3,148,140 | |||||||
* | Lake Resources NL | 3,016,744 | 1,323,246 | |||||||
* | Lednium Technology Pty, Ltd. | 195,019 | 0 | |||||||
* | Legend Mining, Ltd. | 2,176,273 | 120,079 | |||||||
# | Lifestyle Communities, Ltd. | 237,440 | 3,746,073 | |||||||
Link Administration Holdings, Ltd. | 2,206,818 | 6,920,257 | ||||||||
#* | Livetiles, Ltd. | 344,818 | 31,641 | |||||||
# | Lovisa Holdings, Ltd. | 245,137 | 3,306,701 | |||||||
Lycopodium, Ltd. | 3,729 | 11,938 | ||||||||
* | Lynas Rare Earths, Ltd. | 3,049,055 | 14,428,550 | |||||||
MA Financial Group, Ltd. | 137,014 | 721,276 | ||||||||
MACA, Ltd. | 1,622,774 | 759,620 | ||||||||
* | Mach7 Technologies, Ltd. | 42,643 | 32,245 | |||||||
Macmahon Holdings, Ltd. | 5,609,856 | 805,804 | ||||||||
* | Macquarie Telecom Group, Ltd. | 5,861 | 327,152 | |||||||
* | Maggie Beer Holdings, Ltd. | 213,500 | 67,269 | |||||||
Mallee Resources, Ltd. | 49,486 | 9,391 | ||||||||
#* | Matador Mining, Ltd. | 63,503 | 17,395 | |||||||
* | MaxiPARTS, Ltd. | 5,897 | 16,657 | |||||||
#* | Mayne Pharma Group, Ltd. | 9,518,774 | 1,940,073 | |||||||
McMillan Shakespeare, Ltd. | 519,015 | 5,408,752 | ||||||||
# | McPhersons, Ltd. | 653,702 | 504,284 | |||||||
#* | Medical Developments International, Ltd. | 100,861 | 375,555 | |||||||
Medusa Mining, Ltd. | 599,731 | 306,127 | ||||||||
* | Megaport, Ltd. | 391,855 | 4,682,562 | |||||||
#* | Mesoblast, Ltd. | 2,382,780 | 2,847,792 | |||||||
#* | Metals X, Ltd. | 3,565,919 | 943,917 | |||||||
# | Metcash, Ltd. | 6,296,220 | 17,610,491 | |||||||
# | Michael Hill International, Ltd. | 1,490,263 | 945,963 | |||||||
* | Millennium Minerals, Ltd. | 1,065,474 | 0 | |||||||
#* | Mincor Resources NL | 1,162,289 | 1,108,943 | |||||||
Mincor Resources NL | 64,259 | 61,787 | ||||||||
Mineral Resources, Ltd. | 26,617 | 844,720 | ||||||||
* | MMA Offshore, Ltd. | 1,249,410 | 353,736 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
# | MNF Group, Ltd. | 233,069 | $ | 1,118,926 | ||||||
# | Monadelphous Group, Ltd. | 566,488 | 3,656,969 | |||||||
Monash IVF Group, Ltd. | 1,738,681 | 1,203,606 | ||||||||
Money3 Corp., Ltd. | 1,268,808 | 3,064,677 | ||||||||
* | MoneyMe, Ltd. | 55,212 | 80,437 | |||||||
* | Morning Star Gold NL | 332,749 | 0 | |||||||
Motorcycle Holdings, Ltd. | 79,375 | 170,906 | ||||||||
Mount Gibson Iron, Ltd. | 3,756,776 | 1,303,661 | ||||||||
* | Myer Holdings, Ltd. | 3,915,011 | 1,600,057 | |||||||
MyState, Ltd. | 662,767 | 2,353,384 | ||||||||
#* | Nanosonics, Ltd. | 824,606 | 3,691,324 | |||||||
Navigator Global Investments, Ltd. | 901,466 | 1,148,270 | ||||||||
#* | Nearmap, Ltd. | 3,251,840 | 4,360,184 | |||||||
#* | Neometals, Ltd. | 1,542,276 | 938,859 | |||||||
Netwealth Group, Ltd. | 487,393 | 5,030,683 | ||||||||
* | New Century Resources, Ltd. | 1,368,711 | 152,748 | |||||||
# | New Energy Solar | 201,504 | 116,298 | |||||||
# | New Hope Corp., Ltd. | 2,234,532 | 3,854,451 | |||||||
# | nib holdings, Ltd. | 2,951,426 | 14,538,966 | |||||||
# | Nick Scali, Ltd. | 406,481 | 3,334,865 | |||||||
Nickel Mines, Ltd. | 2,772,190 | 1,844,918 | ||||||||
Nine Entertainment Co. Holdings, Ltd. | 2,177,769 | 4,070,257 | ||||||||
* | Nitro Software, Ltd. | 66,552 | 173,962 | |||||||
NRW Holdings, Ltd. | 3,118,446 | 3,458,009 | ||||||||
* | Nufarm, Ltd. | 1,868,539 | 6,383,499 | |||||||
Objective Corp., Ltd. | 29,953 | 397,701 | ||||||||
* | OFX Group, Ltd. | 1,702,496 | 1,945,764 | |||||||
* | Oklo Resources, Ltd. | 202,639 | 17,040 | |||||||
* | OM Holdings, Ltd. | 472,583 | 319,886 | |||||||
#* | Omni Bridgeway, Ltd. | 2,340,733 | 5,793,430 | |||||||
* | oOh!media, Ltd. | 3,358,042 | 4,265,014 | |||||||
* | Opthea, Ltd. | 525,209 | 501,653 | |||||||
Ora Banda Mining Ltd. | 99,291 | 6,819 | ||||||||
* | Ora Banda Mining, Ltd. | 669,996 | 46,183 | |||||||
* | Orbital Corp., Ltd. | 16,624 | 7,725 | |||||||
* | OreCorp, Ltd. | 109,601 | 51,754 | |||||||
* | Orocobre, Ltd. | 2,264,756 | 13,919,298 | |||||||
Orora, Ltd. | 5,931,076 | 13,070,075 | ||||||||
# | Over the Wire Holdings, Ltd. | 43,177 | 147,305 | |||||||
OZ Minerals, Ltd. | 504,508 | 8,100,084 | ||||||||
Pacific Current Group, Ltd. | 265,569 | 1,416,395 | ||||||||
#* | Pacific Smiles Group, Ltd. | 272,678 | 526,558 | |||||||
Pact Group Holdings, Ltd. | 1,422,949 | 3,880,117 | ||||||||
* | Paladin Energy, Ltd. | 1,591,886 | 782,654 | |||||||
* | Panoramic Resources, Ltd. | 9,516,699 | 1,463,286 | |||||||
#* | Pantoro, Ltd. | 2,148,417 | 320,322 | |||||||
* | Paradigm Biopharmaceuticals, Ltd. | 41,528 | 65,359 | |||||||
* | Peak Resources, Ltd. | 224,220 | 14,524 | |||||||
Peet, Ltd. | 1,089,210 | 809,156 | ||||||||
Pendal Group, Ltd. | 2,058,779 | 11,978,937 | ||||||||
* | Peninsula Energy, Ltd. | 2,295,111 | 341,037 | |||||||
People Infrastructure, Ltd. | 190,554 | 522,538 | ||||||||
Perenti Global, Ltd. | 4,332,628 | 2,519,309 | ||||||||
Perpetual, Ltd. | 376,124 | 10,167,910 | ||||||||
* | Perseus Mining, Ltd. | 8,114,950 | 8,163,473 | |||||||
# | Pinnacle Investment Management Group, Ltd. | 273,668 | 3,064,268 | |||||||
# | Platinum Asset Management, Ltd. | 1,941,364 | 4,871,536 | |||||||
* | Poseidon Nickel, Ltd. | 8,452,919 | 568,064 | |||||||
# | PPK Group, Ltd. | 17,813 | 196,149 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||||
AUSTRALIA (Continued) |
| |||||||||
#* | Praemium, Ltd. | 1,937,725 | $ | 1,491,854 | ||||||
Premier Investments, Ltd. | 490,367 | 10,542,218 | ||||||||
Pro Medicus, Ltd. | 209,876 | 8,141,979 | ||||||||
Probiotec, Ltd. | 59,324 | 93,738 | ||||||||
Pro-Pac Packaging, Ltd. | 72,722 | 10,499 | ||||||||
Propel Funeral Partners, Ltd. | 112,870 | 330,905 | ||||||||
#* | Prospect Resources, Ltd. | 1,167,946 | 357,107 | |||||||
# | PSC Insurance Group, Ltd. | 134,569 | 408,872 | |||||||
PWR Holdings, Ltd. | 416,986 | 2,649,849 | ||||||||
* | PYC Therapeutics, Ltd. | 389,981 | 39,499 | |||||||
QANTM Intellectual Property, Ltd. | 46,675 | 41,036 | ||||||||
Ramelius Resources, Ltd. | 4,810,778 | 4,630,018 | ||||||||
* | ReadyTech Holdings, Ltd. | 163,033 | 409,441 | |||||||
# | Reckon, Ltd. | 391,834 | 284,395 | |||||||
* | Red 5, Ltd. | 7,225,803 | 1,094,902 | |||||||
#* | Redbubble, Ltd. | 705,531 | 2,201,803 | |||||||
* | Redcape Hotel Group | 165,496 | 130,023 | |||||||
* | Redcape Hotel Group | 34,478 | 0 | |||||||
# | Regis Healthcare, Ltd. | 925,263 | 1,335,404 | |||||||
Regis Resources, Ltd. | 4,825,314 | 6,996,538 | ||||||||
* | Reject Shop, Ltd. (The) | 140,475 | 641,289 | |||||||
Reliance Worldwide Corp., Ltd. | 3,448,021 | 12,537,884 | ||||||||
# | Resimac Group, Ltd. | 49,681 | 72,794 | |||||||
#* | Resolute Mining, Ltd. | 8,007,059 | 2,402,774 | |||||||
* | Retail Food Group, Ltd. | 9,393,249 | 526,909 | |||||||
* | Rex Minerals, Ltd. | 26,619 | 4,741 | |||||||
* | Rhipe, Ltd. | 349,672 | 624,609 | |||||||
* | Ridley Corp., Ltd. | 1,862,695 | 1,793,450 | |||||||
* | RPMGlobal Holdings, Ltd. | 748,285 | 1,040,832 | |||||||
#* | Rumble Resources, Ltd. | 178,014 | 55,209 | |||||||
* | Salmat, Ltd. | 667,137 | 0 | |||||||
Sandfire Resources, Ltd. | 1,187,001 | 4,630,847 | ||||||||
Sandfire Resources, Ltd. | 1,538,680 | 6,095,888 | ||||||||
* | SciDev, Ltd. | 122,828 | 70,056 | |||||||
SeaLink Travel Group, Ltd. | 369,244 | 2,362,234 | ||||||||
* | Select Harvests, Ltd. | 880,705 | 5,219,329 | |||||||
# | Senex Energy, Ltd. | 1,216,209 | 3,225,228 | |||||||
# | Servcorp, Ltd. | 342,954 | 950,096 | |||||||
#* | Service Stream, Ltd. | 3,861,053 | 2,455,858 | |||||||
#* | Seven West Media, Ltd. | 5,839,397 | 1,683,963 | |||||||
# | SG Fleet Group, Ltd. | 517,877 | 1,109,158 | |||||||
Shaver Shop Group, Ltd. | 566,792 | 414,783 | ||||||||
* | Sheffield Resources, Ltd. | 129,910 | 30,282 | |||||||
Shine Justice, Ltd. | 48,255 | 44,465 | ||||||||
Shriro Holdings, Ltd. | 24,206 | 18,945 | ||||||||
Sigma Healthcare, Ltd. | 6,192,917 | 2,780,742 | ||||||||
* | Silex Systems, Ltd. | 51,736 | 48,233 | |||||||
* | Silver Lake Resources, Ltd. | 5,791,755 | 5,610,757 | |||||||
* | Silver Mines, Ltd. | 728,929 | 97,896 | |||||||
Sims, Ltd. | 1,175,465 | 11,042,037 | ||||||||
SmartGroup Corp., Ltd. | 865,067 | 5,903,222 | ||||||||
#* | SomnoMed, Ltd. | 25,160 | 42,496 | |||||||
Southern Cross Electrical Engineering, Ltd. | 182,852 | 83,799 | ||||||||
Southern Cross Media Group, Ltd. | 1,508,524 | 2,338,191 | ||||||||
Spark Infrastructure Group | 10,978,157 | 22,174,318 | ||||||||
#* | Speedcast International, Ltd. | 1,497,915 | 0 | |||||||
* | Spirit Technology Solutions, Ltd. | 391,679 | 66,334 | |||||||
# | SRG Global, Ltd. | 330,321 | 121,866 | |||||||
# | St Barbara, Ltd. | 4,977,669 | 4,797,314 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
AUSTRALIA (Continued) |
| |||||||
* | Star Entertainment Grp, Ltd. (The) | 3,941,041 | $ | 12,517,772 | ||||
* | Starpharma Holdings, Ltd. | 106,110 | 101,288 | |||||
Steadfast Group, Ltd. | 4,673,257 | 16,133,045 | ||||||
#* | Strike Energy, Ltd. | 3,317,524 | 629,641 | |||||
Sunland Group, Ltd. | 1,168,149 | 2,064,016 | ||||||
#* | Sunrise Energy Metals, Ltd. | 8,693 | 9,941 | |||||
Super Retail Group, Ltd. | 1,085,264 | 9,443,606 | ||||||
* | Superloop, Ltd. | 1,646,369 | 1,159,220 | |||||
#* | Syrah Resources, Ltd. | 3,222,455 | 2,433,905 | |||||
Tassal Group, Ltd. | 1,531,815 | 3,872,097 | ||||||
Technology One, Ltd. | 1,748,272 | 14,115,584 | ||||||
* | Temple & Webster Group, Ltd. | 138,534 | 1,237,468 | |||||
* | Tiger Resources, Ltd. | 9,447,997 | 1,366 | |||||
Tribune Resources, Ltd. | 14,725 | 52,038 | ||||||
#* | Tyro Payments, Ltd. | 1,573,396 | 4,366,426 | |||||
United Malt Grp, Ltd. | 1,771,214 | 5,160,053 | ||||||
* | Uniti Group, Ltd. | 1,518,069 | 4,184,293 | |||||
* | Venturex Resources, Ltd. | 75,746 | 28,405 | |||||
VGI Partners, Ltd. | 7,907 | 33,131 | ||||||
* | Virgin Australia Holdings, Ltd. | 7,648,897 | 0 | |||||
Virtus Health, Ltd. | 589,189 | 2,497,216 | ||||||
Vita Group, Ltd. | 819,314 | 463,464 | ||||||
W | Viva Energy Group, Ltd. | 3,968,145 | 6,710,123 | |||||
* | Viva Leisure, Ltd. | 69,878 | 117,982 | |||||
#* | Vmoto, Ltd. | 267,457 | 78,573 | |||||
#* | Volpara Health Technologies, Ltd. | 225,102 | 191,732 | |||||
* | VRX Silica, Ltd. | 1,164,455 | 182,101 | |||||
* | Wagners Holding Co., Ltd. | 122,838 | 158,220 | |||||
* | Walkabout Resources, Ltd. | 632,601 | 90,663 | |||||
#* | Warrego Energy, Ltd. | 86,865 | 13,316 | |||||
#* | Webjet, Ltd. | 2,056,935 | 9,252,839 | |||||
* | West African Resources, Ltd. | 3,908,784 | 2,743,272 | |||||
* | Western Areas, Ltd. | 2,254,139 | 4,814,317 | |||||
Westgold Resources, Ltd. | 2,414,524 | 2,828,170 | ||||||
#* | Whispir, Ltd. | 121,430 | 197,988 | |||||
* | Whitehaven Coal, Ltd. | 4,887,743 | 11,188,372 | |||||
* | Widgie Nickel, Ltd. | 265,653 | 42,252 | |||||
* | Wiluna Mining Corp., Ltd. | 34,271 | 24,992 | |||||
#* | Zip Co., Ltd. | 1,241,656 | 6,123,941 | |||||
|
| |||||||
TOTAL AUSTRALIA | 1,012,615,079 | |||||||
|
| |||||||
CHINA (0.0%) |
| |||||||
* | FIH Mobile, Ltd. | 744,000 | 110,985 | |||||
TK Group Holdings, Ltd. | 148,000 | 56,471 | ||||||
|
| |||||||
TOTAL CHINA | 167,456 | |||||||
|
| |||||||
HONG KONG (21.9%) |
| |||||||
* | Aceso Life Science Group, Ltd. | 18,044,400 | 480,946 | |||||
Aeon Credit Service Asia Co., Ltd. | 986,000 | 638,132 | ||||||
Allied Group, Ltd. | 12,486,000 | 4,519,271 | ||||||
Analogue Holdings, Ltd. | 310,000 | 70,862 | ||||||
APAC Resources, Ltd. | 3,766,513 | 652,423 | ||||||
#* | Apollo Future Mobility Group, Ltd. | 8,436,000 | 551,275 | |||||
* | Applied Development Holdings, Ltd. | 13,430,000 | 174,912 | |||||
* | Arts Optical International Hldgs, Ltd. | 322,000 | 28,544 | |||||
Asia Financial Holdings, Ltd. | 2,296,908 | 965,422 | ||||||
Asia Standard Hotel Group, Ltd. | 3,641,654 | 93,916 | ||||||
Asia Standard International Group, Ltd. | 12,272,917 | 1,353,279 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HONG KONG (Continued) |
| |||||||
* | Asiasec Properties, Ltd. | 1,913,000 | $ | 377,110 | ||||
ASM Pacific Technology, Ltd. | 1,406,800 | 15,357,034 | ||||||
Associated International Hotels, Ltd. | 952,000 | 1,548,185 | ||||||
Automated Systems Holdings, Ltd. | 340,400 | 52,297 | ||||||
Bank of East Asia, Ltd. (The) | 2,534,800 | 4,086,434 | ||||||
* | Bel Global Resources Holdings, Ltd. | 2,576,000 | 0 | |||||
Best Mart 360 Holdings, Ltd. | 984,000 | 210,931 | ||||||
* | Blue River Holdings, Ltd. | 4,005,194 | 126,567 | |||||
W | BOC Aviation, Ltd. | 563,000 | 4,697,676 | |||||
BOCOM International Holdings Co., Ltd. | 1,585,000 | 366,757 | ||||||
# | BOE Varitronix, Ltd. | 3,807,293 | 3,622,627 | |||||
Brightoil Petroleum Holdings, Ltd. | 9,034,000 | 326,446 | ||||||
Build King Holdings, Ltd. | 530,000 | 66,756 | ||||||
Cafe de Coral Holdings, Ltd. | 3,056,000 | 5,593,404 | ||||||
#* | Cathay Pacific Airways, Ltd. | 3,131,000 | 2,615,622 | |||||
* | Century City International Holdings, Ltd. | 7,111,460 | 405,465 | |||||
# | CGN Mining Co., Ltd. | 5,570,000 | 705,002 | |||||
Chen Hsong Holdings | 1,296,000 | 389,672 | ||||||
Cheuk Nang Holdings, Ltd. | 771,714 | 270,646 | ||||||
Chevalier International Holdings, Ltd. | 820,989 | 971,025 | ||||||
* | China Baoli Technologies Holdings, Ltd. | 114,750 | 6,413 | |||||
* | China Best Group Holding, Ltd. | 1,274,998 | 56,412 | |||||
* | China Display Optoelectronics Technology Holdings, Ltd. | 6,152,000 | 461,558 | |||||
* | China Energy Development Holdings, Ltd. | 58,624,000 | 816,111 | |||||
China Motor Bus Co., Ltd. | 75,200 | 1,032,155 | ||||||
* | China Solar Energy Holdings, Ltd. | 1,669,500 | 7,238 | |||||
#* | China Star Entertainment, Ltd. | 11,170,000 | 1,303,136 | |||||
#* | China Strategic Holdings, Ltd. | 80,821,250 | 626,873 | |||||
China Tonghai International Financial, Ltd. | 1,300,000 | 33,506 | ||||||
Chinese Estates Holdings, Ltd. | 2,943,500 | 1,096,536 | ||||||
Chinney Investments, Ltd. | 1,180,000 | 251,462 | ||||||
# | Chong Hing Bank, Ltd. | 244,000 | 651,636 | |||||
Chow Sang Sang Holdings International, Ltd. | 2,417,000 | 3,605,850 | ||||||
Chuangs China Investments, Ltd. | 8,811,407 | 453,164 | ||||||
Chuangs Consortium International, Ltd. | 7,519,043 | 833,730 | ||||||
CITIC Telecom International Holdings, Ltd. | 13,126,125 | 4,464,346 | ||||||
# | CK Life Sciences Intl Holdings, Inc. | 18,634,000 | 1,745,542 | |||||
# | CMBC Capital Holdings, Ltd. | 17,640,000 | 221,533 | |||||
# | C-Mer Eye Care Holding, Ltd. | 1,724,000 | 1,763,894 | |||||
* | CNQC International Holdings, Ltd. | 320,000 | 28,730 | |||||
CNT Group, Ltd. | 7,979,264 | 402,115 | ||||||
# | Convenience Retail Asia, Ltd. | 1,026,000 | 103,058 | |||||
#* | Cowell e Holdings, Inc. | 407,000 | 254,107 | |||||
W | Crystal International Group, Ltd. | 210,500 | 76,316 | |||||
CSI Properties, Ltd. | 47,866,383 | 1,373,978 | ||||||
Dah Sing Banking Group, Ltd. | 3,764,716 | 3,448,132 | ||||||
Dah Sing Financial Holdings, Ltd. | 1,436,144 | 4,299,558 | ||||||
Dickson Concepts International, Ltd. | 1,591,000 | 832,726 | ||||||
* | Digital Domain Holdings, Ltd. | 2,310,000 | 17,939 | |||||
* | Dingyi Group Investment, Ltd. | 300,000 | 3,894 | |||||
Dynamic Holdings, Ltd. | 150,000 | 251,913 | ||||||
Eagle Nice International Holdings, Ltd. | 2,166,000 | 1,331,955 | ||||||
# | EC Healthcare | 1,377,097 | 1,847,532 | |||||
EcoGreen International Group, Ltd. | 1,994,640 | 479,530 | ||||||
* | Emperor Capital Group, Ltd. | 30,219,000 | 450,406 | |||||
Emperor Entertainment Hotel, Ltd. | 4,840,000 | 535,774 | ||||||
Emperor International Holdings, Ltd. | 10,584,753 | 1,370,297 | ||||||
Emperor Watch & Jewellery, Ltd. | 25,160,000 | 573,961 | ||||||
* | Energy International Investments Holdings, Ltd. | 1,960,000 | 17,876 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HONG KONG (Continued) |
| |||||||
* | ENM Holdings, Ltd. | 14,752,000 | $ | 1,131,324 | ||||
* | Esprit Holdings, Ltd. | 10,942,825 | 971,440 | |||||
* | Eternity Investment, Ltd. | 820,000 | 23,111 | |||||
EuroEyes International Eye Clinic, Ltd. | 210,000 | 285,880 | ||||||
* | Ezcom Holdings, Ltd. | 72,576 | 0 | |||||
# | Fairwood Holdings, Ltd. | 805,600 | 1,721,597 | |||||
Far East Consortium International, Ltd. | 12,207,827 | 4,136,885 | ||||||
First Pacific Co., Ltd. | 15,728,000 | 5,653,998 | ||||||
* | First Shanghai Investments, Ltd. | 5,568,000 | 189,380 | |||||
#*W | FIT Hon Teng, Ltd. | 1,652,000 | 341,892 | |||||
#*W | Fosun Tourism Group | 176,600 | 228,069 | |||||
Fountain SET Holdings, Ltd. | 6,120,000 | 1,066,613 | ||||||
Four Seas Mercantile Holdings, Ltd. | 610,000 | 232,683 | ||||||
* | Freeman FinTech Corp., Ltd. | 13,680,000 | 29,698 | |||||
*W | Frontage Holdings Corp. | 2,032,000 | 1,315,918 | |||||
FSE Lifestyle Services, Ltd. | 586,000 | 519,516 | ||||||
#* | GBA Holdings, Ltd. | 18,640,000 | 23,945 | |||||
GDH Guangnan Holdings., Ltd. | 2,083,600 | 188,064 | ||||||
* | Genting Hong Kong, Ltd. | 5,824,000 | 426,468 | |||||
Get Nice Financial Group, Ltd. | 2,438,600 | 238,454 | ||||||
Giordano International, Ltd. | 8,346,000 | 1,620,712 | ||||||
Glorious Sun Enterprises, Ltd. | 3,932,000 | 408,296 | ||||||
* | Gold Peak Industries Holdings, Ltd. | 3,029,642 | 243,145 | |||||
Golden Resources Development International, Ltd. | 4,082,500 | 303,592 | ||||||
* | Goldin Financial Holdings, Ltd. | 9,580,000 | 0 | |||||
* | Good Resources Holdings, Ltd. | 6,860,000 | 14,011 | |||||
* | Goodbaby International Holdings, Ltd. | 5,972,000 | 897,489 | |||||
* | GR Properties, Ltd. | 1,586,000 | 214,634 | |||||
Great Eagle Holdings, Ltd. | 1,089,446 | 2,985,971 | ||||||
* | Greentech Technology International, Ltd. | 11,540,000 | 141,874 | |||||
* | G-Resources Group, Ltd. | 2,817,810 | 1,064,202 | |||||
Guoco Group, Ltd. | 2,000 | 22,960 | ||||||
Guotai Junan International Holdings, Ltd. | 30,684,797 | 4,860,813 | ||||||
# | Haitong International Securities Group, Ltd. | 20,434,400 | 5,385,015 | |||||
Hang Lung Group, Ltd. | 2,663,000 | 6,207,566 | ||||||
Hanison Construction Holdings, Ltd. | 2,713,649 | 460,459 | ||||||
* | Hans Energy Co., Ltd. | 2,208,000 | 98,529 | |||||
#* | Harbour Centre Development, Ltd. | 935,500 | 897,524 | |||||
* | HK Asia Holdings, Ltd. | 226,000 | 99,475 | |||||
HKBN, Ltd. | 3,809,500 | 4,496,134 | ||||||
HKR International, Ltd. | 7,078,969 | 2,800,813 | ||||||
Hon Kwok Land Investment Co., Ltd. | 388,800 | 153,039 | ||||||
* | Hong Kong ChaoShang Group, Ltd. | 1,440,000 | 169,607 | |||||
Hong Kong Ferry Holdings Co., Ltd. | 1,007,300 | 701,292 | ||||||
Hong Kong Technology Venture Co., Ltd. | 1,964,000 | 2,764,448 | ||||||
* | Hongkong & Shanghai Hotels, Ltd. (The) | 3,625,989 | 3,384,928 | |||||
* | Hongkong Chinese, Ltd. | 5,038,000 | 384,649 | |||||
W | Honma Golf, Ltd. | 1,060,000 | 441,533 | |||||
Hsin Chong Group Holdings, Ltd. | 10,243,403 | 86,320 | ||||||
* | Huafa Property Services Group Co., Ltd. | 5,720,000 | 135,635 | |||||
* | Huasheng International Holding, Ltd. | 9,742,000 | 1,301,478 | |||||
Hung Hing Printing Group, Ltd. | 2,940,000 | 486,700 | ||||||
#* | Huobi Technology Holdings, Ltd. | 279,500 | 286,134 | |||||
Hutchison Telecommunications Hong Kong Holdings, Ltd. | 12,112,000 | 1,874,697 | ||||||
* | Hypebeast, Ltd. | 2,635,000 | 344,899 | |||||
Hysan Development Co., Ltd. | 2,302,000 | 7,485,503 | ||||||
#* | I-CABLE Communications, Ltd. | 4,080,000 | 35,846 | |||||
IGG, Inc. | 8,547,000 | 7,980,981 | ||||||
* | Imagi International Holdings, Ltd. | 2,332,984 | 337,673 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HONG KONG (Continued) |
| |||||||
W | Impro Precision Industries, Ltd. | 327,000 | $ | 95,064 | ||||
International Housewares Retail Co., Ltd. | 2,042,000 | 704,728 | ||||||
* | IPE Group, Ltd. | 3,345,000 | 437,317 | |||||
* | IRC, Ltd. | 35,846,266 | 1,127,613 | |||||
#* | ITC Properties Group, Ltd. | 5,873,292 | 758,585 | |||||
Jacobson Pharma Corp., Ltd. | 3,616,000 | 299,798 | ||||||
Johnson Electric Holdings, Ltd. | 2,868,054 | 6,108,222 | ||||||
K Wah International Holdings, Ltd. | 1,588,000 | 640,996 | ||||||
* | Kader Holdings Co., Ltd. | 378,000 | 22,278 | |||||
* | Kam Hing International Holdings, Ltd. | 144,000 | 7,340 | |||||
Karrie International Holdings, Ltd. | 2,932,000 | 554,054 | ||||||
#* | Keck Seng Investments Hong Kong, Ltd. | 912,600 | 455,016 | |||||
# | Kerry Logistics Network, Ltd. | 4,063,500 | 8,674,836 | |||||
Kerry Properties, Ltd. | 2,021,000 | 5,316,155 | ||||||
Kingmaker Footwear Holdings, Ltd. | 1,878,955 | 197,555 | ||||||
Kowloon Development Co., Ltd. | 3,057,000 | 3,389,964 | ||||||
* | KuangChi Science, Ltd. | 2,972,000 | 88,575 | |||||
* | Kwoon Chung Bus Holdings, Ltd. | 44,000 | 11,835 | |||||
* | Lai Sun Development Co., Ltd. | 2,615,694 | 1,537,345 | |||||
* | Lai Sun Garment International, Ltd. | 998,295 | 659,808 | |||||
Lam Soon Hong Kong, Ltd. | 325,310 | 624,484 | ||||||
* | Landing International Development, Ltd. | 6,932,800 | 213,593 | |||||
* | Landsea Green Properties Co., Ltd. | 3,016,000 | 201,694 | |||||
* | Langham Hospitality Investments and Langham Hospitality Investments, Ltd. | 4,040,750 | 443,305 | |||||
* | Lifestyle International Holdings, Ltd. | 3,651,500 | 1,981,969 | |||||
Lippo China Resources, Ltd. | 17,982,000 | 323,383 | ||||||
Lippo, Ltd. | 1,161,700 | 391,431 | ||||||
Liu Chong Hing Investment, Ltd. | 1,531,200 | 1,505,978 | ||||||
LOccitane International SA | 2,278,500 | 7,598,411 | ||||||
Luk Fook Holdings International, Ltd. | 3,577,000 | 9,162,485 | ||||||
Lung Kee Bermuda Holdings | 1,491,875 | 685,777 | ||||||
* | Magnificent Hotel Investment, Ltd. | 13,170,000 | 197,011 | |||||
Man Wah Holdings, Ltd. | 839,600 | 1,227,637 | ||||||
* | Mason Group Holdings, Ltd. | 111,713,399 | 334,251 | |||||
Master Glory Group, Ltd. | 972,981 | 6,099 | ||||||
Matrix Holdings, Ltd. | 1,067,414 | 357,463 | ||||||
# | MECOM Power and Construction, Ltd. | 5,288,000 | 2,346,275 | |||||
* | Meilleure Health International Industry Group, Ltd. | 1,428,000 | 82,561 | |||||
Melbourne Enterprises, Ltd. | 39,500 | 747,419 | ||||||
* | Melco International Development, Ltd. | 2,503,000 | 2,948,521 | |||||
* | Midland Holdings, Ltd. | 2,989,987 | 459,187 | |||||
* | Ming Fai International Holdings, Ltd. | 1,728,000 | 110,166 | |||||
Miramar Hotel & Investment | 1,144,000 | 1,896,151 | ||||||
Modern Dental Group, Ltd. | 2,354,000 | 2,400,195 | ||||||
* | Mongolian Mining Corp. | 390,000 | 157,953 | |||||
* | NagaCorp., Ltd. | 3,646,000 | 3,110,607 | |||||
# | Nameson Holdings, Ltd. | 7,744,000 | 492,755 | |||||
Nanyang Holdings, Ltd. | 133,500 | 653,595 | ||||||
National Electronics Hldgs | 2,668,600 | 359,511 | ||||||
* | National United Resources Holdings, Ltd. | 18,280,000 | 62,462 | |||||
* | Neo-Neon Holdings, Ltd. | 2,315,500 | 154,623 | |||||
#* | NewOcean Energy Holdings, Ltd. | 7,246,000 | 306,460 | |||||
Nissin Foods Co., Ltd. | 1,191,000 | 922,303 | ||||||
# | NWS Holdings, Ltd. | 6,203,000 | 5,709,892 | |||||
Oriental Watch Holdings | 2,809,611 | 1,176,904 | ||||||
* | Oshidori International Holdings, Ltd. | 20,024,400 | 1,310,969 | |||||
Pacific Andes International Holdings, Ltd. | 19,435,067 | 68,407 | ||||||
Pacific Basin Shipping, Ltd. | 32,170,000 | 14,889,487 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HONG KONG (Continued) |
| |||||||
* | Pacific Century Premium Developments, Ltd. | 457,240 | $ | 35,159 | ||||
Pacific Textiles Holdings, Ltd. | 7,715,000 | 3,885,970 | ||||||
Pak Fah Yeow International, Ltd. | 5,000 | 1,087 | ||||||
* | Paliburg Holdings, Ltd. | 3,180,830 | 818,939 | |||||
* | Paradise Entertainment, Ltd. | 3,672,000 | 428,587 | |||||
PC Partner Group, Ltd. | 1,752,000 | 1,673,460 | ||||||
PCCW, Ltd. | 13,174,545 | 6,760,638 | ||||||
#* | Peace Mark Holdings, Ltd. | 2,479,870 | 0 | |||||
* | Pegasus International Holdings, Ltd. | 36,000 | 3,468 | |||||
Pentamaster International, Ltd. | 1,550,000 | 210,593 | ||||||
# | Perfect Medical Health Management, Ltd. | 3,063,000 | 2,326,017 | |||||
* | Pico Far East Holdings, Ltd. | 5,142,000 | 797,599 | |||||
Playmates Holdings, Ltd. | 7,082,000 | 719,419 | ||||||
Plover Bay Technologies, Ltd. | 2,160,000 | 693,914 | ||||||
Pokfulam Development Co., Ltd. | 62,000 | 89,001 | ||||||
* | PT International Development Co., Ltd. | 8,347,150 | 336,792 | |||||
Public Financial Holdings, Ltd. | 2,848,000 | 904,099 | ||||||
* | PYXIS Group, Ltd. | 1,936,000 | 0 | |||||
*W | Razer, Inc. | 11,925,000 | 2,419,043 | |||||
* | Regal Hotels International Holdings, Ltd. | 2,953,800 | 1,186,213 | |||||
W | Regina Miracle International Holdings, Ltd. | 1,983,000 | 694,894 | |||||
* | Renco Holdings Group, Ltd. | 103,000 | 1,571 | |||||
#* | Sa Sa International Holdings, Ltd. | 5,060,960 | 1,127,033 | |||||
Safety Godown Co., Ltd. | 1,200,000 | 509,374 | ||||||
*W | Samsonite International SA | 2,534,400 | 5,442,627 | |||||
SAS Dragon Holdings, Ltd. | 2,182,000 | 1,283,881 | ||||||
SEA Holdings, Ltd. | 1,657,523 | 1,362,701 | ||||||
* | Shangri-La Asia, Ltd. | 3,320,000 | 2,637,474 | |||||
# | Shenwan Hongyuan HK, Ltd. | 3,511,250 | 468,295 | |||||
* | Shun Ho Property Investments, Ltd. | 1,254,757 | 195,850 | |||||
* | Shun Tak Holdings, Ltd. | 11,609,419 | 3,107,936 | |||||
* | Sincere Watch Hong Kong, Ltd. | 1,400,000 | 9,384 | |||||
* | Sing Pao Media Enterprises | 250,511 | 0 | |||||
Sing Tao News Corp., Ltd. | 1,974,000 | 205,759 | ||||||
# | Singamas Container Holdings, Ltd. | 8,118,000 | 947,297 | |||||
SITC International Holdings Co., Ltd. | 336,000 | 1,195,617 | ||||||
#* | SJM Holdings, Ltd. | 5,597,000 | 3,804,141 | |||||
SmarTone Telecommunications Holdings, Ltd. | 2,003,481 | 1,132,678 | ||||||
Solomon Systech International, Ltd. | 10,960,000 | 1,001,774 | ||||||
Soundwill Holdings, Ltd. | 600,500 | 599,528 | ||||||
* | South China Holdings Co., Ltd. | 17,774,503 | 221,279 | |||||
Stella International Holdings, Ltd. | 2,697,500 | 3,433,835 | ||||||
#* | Summit Ascent Holdings, Ltd. | 7,556,000 | 512,250 | |||||
Sun Hung Kai & Co., Ltd. | 5,183,429 | 2,669,620 | ||||||
SUNeVision Holdings, Ltd. | 2,552,000 | 2,399,603 | ||||||
TAI Cheung Holdings, Ltd. | 2,329,000 | 1,410,723 | ||||||
Tai Sang Land Development, Ltd. | 798,910 | 422,779 | ||||||
# | Tan Chong International, Ltd. | 1,176,000 | 311,379 | |||||
# | Tao Heung Holdings, Ltd. | 1,396,000 | 163,885 | |||||
* | Television Broadcasts, Ltd. | 1,972,400 | 1,553,009 | |||||
* | Termbray Industries International Holdings, Ltd. | 1,310,900 | 44,418 | |||||
Texhong Textile Group, Ltd. | 126,500 | 182,178 | ||||||
Texwinca Holdings, Ltd. | 4,008,000 | 817,100 | ||||||
#* | Theme International Holdings, Ltd. | 11,120,000 | 1,293,962 | |||||
Tian Teck Land, Ltd. | 1,024,000 | 672,271 | ||||||
* | Town Health International Medical Group, Ltd. | 3,656,115 | 271,281 | |||||
Tradelink Electronic Commerce, Ltd. | 6,126,000 | 890,708 | ||||||
Transport International Holdings, Ltd. | 1,576,602 | 2,751,230 | ||||||
* | Trendzon Holdings Group, Ltd. | 2,692,000 | 362,549 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HONG KONG (Continued) |
| |||||||
United Laboratories International Holdings, Ltd. (The) | 6,644,000 | $ | 4,406,271 | |||||
* | Universal Technologies Holdings, Ltd. | 1,730,000 | 50,181 | |||||
Untrade Burwill | 37,300,960 | 63,728 | ||||||
Untrade Convoy | 32,922,000 | 132,371 | ||||||
Untrade CW Group Holdings | 1,361,500 | 7,573 | ||||||
Untrade MH Development | 3,238,000 | 90,468 | ||||||
* | Up Energy Development Group, Ltd. | 3,929,000 | 12,214 | |||||
* | Value Convergence Holdings, Ltd. | 1,248,000 | 56,476 | |||||
Value Partners Group, Ltd. | 5,740,000 | 2,886,185 | ||||||
Vanke Overseas Investment Holding Co., Ltd. | 16,000 | 5,012 | ||||||
Vedan International Holdings, Ltd. | 3,576,000 | 345,860 | ||||||
# | Vitasoy International Holdings, Ltd. | 2,731,000 | 6,921,237 | |||||
#* | Vobile Group, Ltd. | 3,136,000 | 2,477,403 | |||||
#W | VPower Group International Holdings, Ltd. | 3,782,000 | 809,678 | |||||
VSTECS Holdings, Ltd. | 6,261,600 | 5,605,991 | ||||||
VTech Holdings, Ltd. | 1,345,100 | 9,781,322 | ||||||
Wai Kee Holdings, Ltd. | 6,768,738 | 3,168,895 | ||||||
Wang On Group, Ltd. | 41,740,000 | 371,141 | ||||||
* | Wealthking Investments, Ltd. | 7,296,000 | 751,726 | |||||
Wing On Co. International, Ltd. | 759,000 | 1,736,974 | ||||||
# | Wing Tai Properties, Ltd. | 2,187,331 | 1,165,342 | |||||
YGM Trading, Ltd. | 44,000 | 11,528 | ||||||
* | YT Realty Group, Ltd. | 1,968,124 | 434,652 | |||||
YTO Express Holdings, Ltd. | 670,000 | 260,333 | ||||||
* | Yue Yuen Industrial Holdings, Ltd. | 2,428,000 | 4,919,633 | |||||
#* | Yunfeng Financial Group, Ltd. | 612,000 | 170,771 | |||||
# | Zensun Enterprises, Ltd. | 654,000 | 494,862 | |||||
* | Zhaobangji Properties Holdings, Ltd. | 856,000 | 49,409 | |||||
|
| |||||||
TOTAL HONG KONG | 382,050,606 | |||||||
|
| |||||||
NEW ZEALAND (6.8%) |
| |||||||
* | AFT Pharmaceuticals, Ltd. | 22,057 | 62,841 | |||||
* | Air New Zealand, Ltd. | 421,967 | 473,413 | |||||
Arvida Group, Ltd. | 824,120 | 1,190,458 | ||||||
Briscoe Group, Ltd. | 23,531 | 112,450 | ||||||
Chorus, Ltd. | 2,767,072 | 12,590,916 | ||||||
Colonial Motor Co., Ltd. (The) | 144,588 | 1,017,032 | ||||||
# | Comvita, Ltd. | 50,282 | 124,238 | |||||
Delegat Group, Ltd. | 6,048 | 60,304 | ||||||
#* | Eroad, Ltd. | 24,092 | 95,623 | |||||
# | Freightways, Ltd. | 976,177 | 8,593,764 | |||||
Genesis Energy, Ltd. | 1,106,049 | 2,513,434 | ||||||
* | Gentrack Group, Ltd. | 71,302 | 91,010 | |||||
Hallenstein Glasson Holdings, Ltd. | 319,156 | 1,529,310 | ||||||
Heartland Group Holdings, Ltd. | 2,110,558 | 3,381,649 | ||||||
Infratil, Ltd. | 3,550,862 | 19,502,768 | ||||||
# | Investore Property, Ltd. | 567,273 | 773,828 | |||||
Kathmandu Holdings, Ltd. | 2,509,713 | 2,752,716 | ||||||
Mainfreight, Ltd. | 180,975 | 12,083,568 | ||||||
* | Millennium & Copthorne Hotels New Zealand, Ltd. | 386,829 | 625,973 | |||||
Napier Port Holdings, Ltd. | 46,155 | 100,156 | ||||||
#* | NEW Zealand King Salmon Investments, Ltd. | 63,420 | 63,546 | |||||
#* | New Zealand Refining Co., Ltd. (The) | 931,091 | 572,410 | |||||
NZME, Ltd. | 945,851 | 670,713 | ||||||
# | NZX, Ltd. | 1,462,869 | 1,714,126 | |||||
Oceania Healthcare, Ltd. | 1,159,811 | 1,185,642 | ||||||
#* | Pacific Edge, Ltd. | 1,268,695 | 1,339,048 | |||||
PGG Wrightson, Ltd. | 120,785 | 305,906 | ||||||
* | Plexure Group, Ltd. | 27,580 | 11,801 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
NEW ZEALAND (Continued) |
| |||||||
#* | Pushpay Holdings, Ltd. | 2,728,665 | $ | 3,462,157 | ||||
* | Rakon, Ltd. | 121,779 | 114,643 | |||||
* | Restaurant Brands New Zealand, Ltd. | 165,154 | 1,798,568 | |||||
* | Richina Pacific, Ltd. | 274,180 | 0 | |||||
#* | Sanford, Ltd. | 373,306 | 1,313,827 | |||||
# | Scales Corp., Ltd. | 436,710 | 1,653,119 | |||||
Scott Technology, Ltd. | 47,901 | 93,909 | ||||||
* | Serko, Ltd. | 112,431 | 641,994 | |||||
Skellerup Holdings, Ltd. | 788,235 | 3,186,351 | ||||||
* | SKY Network Television, Ltd. | 313,454 | 424,752 | |||||
SKYCITY Entertainment Group, Ltd. | 4,937,567 | 10,905,350 | ||||||
Steel & Tube Holdings, Ltd. | 575,667 | 409,105 | ||||||
Summerset Group Holdings, Ltd. | 992,331 | 10,377,866 | ||||||
#* | Synlait Milk, Ltd. | 449,820 | 1,153,462 | |||||
#* | Tourism Holdings, Ltd. | 705,776 | 1,261,803 | |||||
TOWER, Ltd. | 2,257,219 | 1,013,462 | ||||||
# | Trustpower, Ltd. | 237,979 | 1,200,747 | |||||
Turners Automotive Group, Ltd. | 109,772 | 338,369 | ||||||
#* | Vista Group International, Ltd. | 465,639 | 868,883 | |||||
Warehouse Group, Ltd. (The) | 360,516 | 1,024,409 | ||||||
Z Energy, Ltd. | 1,685,119 | 3,973,621 | ||||||
|
| |||||||
TOTAL NEW ZEALAND | 118,755,040 | |||||||
|
| |||||||
SINGAPORE (11.0%) |
| |||||||
* | Abterra, Ltd. | 230,320 | 1,238 | |||||
* | Accordia Golf Trust | 5,267,200 | 0 | |||||
AEM Holdings, Ltd. | 798,900 | 2,355,319 | ||||||
#* | Amara Holdings, Ltd. | 974,800 | 251,118 | |||||
# | Ascendas India Trust | 5,500,000 | 5,768,904 | |||||
# | Avarga, Ltd. | 2,626,500 | 538,125 | |||||
#* | Banyan Tree Holdings, Ltd. | 783,400 | 184,017 | |||||
#* | Best World International, Ltd. | 2,911,550 | 542,083 | |||||
# | Bonvests Holdings, Ltd. | 950,000 | 674,271 | |||||
Boustead Singapore, Ltd. | 2,200,482 | 1,563,302 | ||||||
# | Bukit Sembawang Estates, Ltd. | 1,207,603 | 4,290,468 | |||||
Bund Center Investment, Ltd. | 659,825 | 254,125 | ||||||
#* | Centurion Corp., Ltd. | 1,405,100 | 346,026 | |||||
# | China Aviation Oil Singapore Corp., Ltd. | 2,623,199 | 1,818,313 | |||||
China Sunsine Chemical Holdings, Ltd. | 3,754,300 | 1,364,615 | ||||||
# | Chip Eng Seng Corp., Ltd. | 3,787,600 | 1,135,387 | |||||
# | Chuan Hup Holdings, Ltd. | 3,937,600 | 693,708 | |||||
Civmec, Ltd. | 162,700 | 69,577 | ||||||
ComfortDelGro Corp., Ltd. | 7,436,200 | 8,221,706 | ||||||
#* | COSCO Shipping International Singapore Co., Ltd. | 6,883,000 | 1,409,210 | |||||
#* | Creative Technology, Ltd. | 321,100 | 514,812 | |||||
# | CSE Global, Ltd. | 2,544,600 | 895,466 | |||||
# | Dasin Retail Trust | 296,700 | 83,386 | |||||
# | Del Monte Pacific, Ltd. | 2,230,164 | 565,494 | |||||
# | Delfi, Ltd. | 979,700 | 549,808 | |||||
* | DMX Technologies Group, Ltd. | 2,096,000 | 0 | |||||
#* | Ezion Holdings, Ltd. | 9,845,878 | 58,736 | |||||
#* | Ezra Holdings, Ltd. | 8,161,986 | 12,383 | |||||
# | Far East Orchard, Ltd. | 1,230,903 | 991,752 | |||||
# | First Resources, Ltd. | 5,495,400 | 6,572,989 | |||||
# | First Sponsor Group, Ltd. | 484,728 | 485,319 | |||||
# | Food Empire Holdings, Ltd. | 1,450,100 | 841,842 | |||||
Fraser and Neave, Ltd. | 301,200 | 312,094 | ||||||
Frencken Group, Ltd. | 1,854,400 | 3,131,058 | ||||||
# | Fu Yu Corp., Ltd. | 3,744,900 | 801,918 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SINGAPORE (Continued) |
| |||||||
* | Gallant Venture, Ltd. | 5,386,600 | $ | 509,053 | ||||
# | Geo Energy Resources, Ltd. | 3,758,000 | 753,382 | |||||
# | GK Goh Holdings, Ltd. | 1,484,065 | 1,225,314 | |||||
# | Golden Agri-Resources, Ltd. | 37,540,100 | 6,468,133 | |||||
#* | Golden Energy & Resources, Ltd. | 763,800 | 190,298 | |||||
* | GP Industries, Ltd. | 535,409 | 212,065 | |||||
# | GuocoLand, Ltd. | 1,910,914 | 2,299,330 | |||||
#* | Halcyon Agri Corp., Ltd. | 1,635,533 | 277,385 | |||||
Hanwell Holdings, Ltd. | 1,562,419 | 458,552 | ||||||
Haw Par Corp., Ltd. | 385,000 | 3,263,954 | ||||||
# | Hiap Hoe, Ltd. | 498,000 | 245,184 | |||||
Ho Bee Land, Ltd. | 1,633,500 | 3,395,255 | ||||||
# | Hong Fok Corp., Ltd. | 3,457,994 | 1,981,353 | |||||
* | Hong Fok Land, Ltd. | 1,210,000 | 0 | |||||
# | Hong Leong Asia, Ltd. | 1,850,900 | 1,098,081 | |||||
# | Hong Leong Finance, Ltd. | 1,002,000 | 1,759,497 | |||||
Hotel Grand Central, Ltd. | 1,632,854 | 1,210,285 | ||||||
# | Hour Glass, Ltd. (The) | 1,806,732 | 2,071,710 | |||||
HRnetgroup, Ltd. | 130,100 | 73,469 | ||||||
Hutchison Port Holdings Trust | 24,983,000 | 5,961,993 | ||||||
Hwa Hong Corp., Ltd. | 2,123,500 | 529,242 | ||||||
#* | Hyflux, Ltd. | 3,707,700 | 226,645 | |||||
# | iFAST Corp., Ltd. | 854,900 | 5,886,280 | |||||
* | Indofood Agri Resources, Ltd. | 3,097,300 | 681,474 | |||||
# | InnoTek, Ltd. | 336,600 | 197,698 | |||||
# | ISDN Holdings, Ltd. | 378,544 | 172,468 | |||||
# | Japfa, Ltd. | 3,020,210 | 1,512,963 | |||||
#* | Jurong Technologies Industrial Corp., Ltd. | 2,227,680 | 0 | |||||
#* | k1 Ventures, Ltd. | 1,005,220 | 0 | |||||
Keppel Infrastructure Trust | 19,128,646 | 7,678,409 | ||||||
Koufu Group, Ltd. | 193,700 | 90,410 | ||||||
KSH Holdings, Ltd. | 1,278,300 | 323,152 | ||||||
# | Low Keng Huat Singapore, Ltd. | 949,800 | 313,352 | |||||
* | Lum Chang Holdings, Ltd. | 1 | 0 | |||||
* | Mandarin Oriental International, Ltd. | 1,492,400 | 3,101,798 | |||||
# | Metro Holdings, Ltd. | 3,045,192 | 1,700,809 | |||||
Mewah International, Inc. | 89,000 | 24,706 | ||||||
# | Micro-Mechanics Holdings, Ltd. | 98,700 | 232,690 | |||||
#* | Midas Holdings, Ltd. | 8,576,553 | 227,394 | |||||
#* | mm2 Asia, Ltd. | 7,042,000 | 273,263 | |||||
NetLink NBN Trust | 3,633,100 | 2,660,717 | ||||||
# | NSL, Ltd. | 409,900 | 245,938 | |||||
#* | Oceanus Group, Ltd. | 8,888,300 | 266,106 | |||||
# | OUE, Ltd. | 2,165,100 | 2,141,134 | |||||
# | Oxley Holdings, Ltd. | 7,895,363 | 1,182,415 | |||||
Pacific Century Regional Developments, Ltd. | 179,000 | 50,068 | ||||||
Pan-United Corp., Ltd. | 2,435,750 | 541,842 | ||||||
# | Propnex, Ltd. | 326,000 | 410,380 | |||||
# | Q&M Dental Group Singapore, Ltd. | 1,886,160 | 769,633 | |||||
# | QAF, Ltd. | 1,625,480 | 1,032,413 | |||||
* | Raffles Education Corp., Ltd. | 3,525,323 | 252,209 | |||||
* | Raffles Medical Group, Ltd. | 7,677,232 | 8,220,507 | |||||
# | Riverstone Holdings, Ltd. | 2,738,600 | 1,783,785 | |||||
#* | Roxy-Pacific Holdings, Ltd. | 505,740 | 173,966 | |||||
* | SATS, Ltd. | 312,000 | 948,433 | |||||
# | SBS Transit, Ltd. | 839,000 | 1,836,682 | |||||
Sembcorp Industries, Ltd. | 6,027,400 | 8,066,679 | ||||||
#* | Sembcorp Marine, Ltd. | 104,446,779 | 6,331,192 | |||||
# | Sheng Siong Group, Ltd. | 4,752,300 | 5,160,061 |
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SINGAPORE (Continued) |
| |||||||
* | SHS Holdings, Ltd. | 2,175,300 | $ | 247,979 | ||||
#* | SIA Engineering Co., Ltd. | 1,802,600 | 2,779,502 | |||||
# | SIIC Environment Holdings, Ltd. | 5,890,920 | 863,611 | |||||
# | Sinarmas Land, Ltd. | 7,118,700 | 1,398,501 | |||||
Sing Holdings, Ltd. | 1,579,500 | 438,866 | ||||||
Sing Investments & Finance, Ltd. | 350,675 | 380,792 | ||||||
Singapore Land Group, Ltd. | 119,869 | 231,789 | ||||||
Singapore Post, Ltd. | 11,581,800 | 5,392,958 | ||||||
Singapore Press Holdings, Ltd. | 7,439,300 | 10,665,539 | ||||||
Singapore Shipping Corp., Ltd. | 1,640,700 | 332,691 | ||||||
# | Stamford Land Corp., Ltd. | 3,272,400 | 1,176,676 | |||||
# | StarHub, Ltd. | 5,788,500 | 5,180,972 | |||||
Straco Corp., Ltd. | 130,000 | 45,028 | ||||||
Straits Trading Co., Ltd. | 277,300 | 627,325 | ||||||
#* | Swiber Holdings, Ltd. | 2,895,250 | 43,499 | |||||
Tiong Woon Corp. Holding, Ltd. | 26,600 | 9,419 | ||||||
# | Tuan Sing Holdings, Ltd. | 4,863,483 | 1,756,893 | |||||
# | UMS Holdings, Ltd. | 2,413,175 | 2,978,060 | |||||
United Overseas Insurance, Ltd. | 181,850 | 929,779 | ||||||
UOB-Kay Hian Holdings, Ltd. | 2,435,762 | 2,789,586 | ||||||
# | Valuetronics Holdings, Ltd. | 2,911,150 | 1,215,402 | |||||
# | Vicom, Ltd. | 557,500 | 828,341 | |||||
# | Wee Hur Holdings, Ltd. | 2,891,900 | 423,785 | |||||
Wing Tai Holdings, Ltd. | 4,019,667 | 5,351,415 | ||||||
# | Yeo Hiap Seng, Ltd. | 228,759 | 145,279 | |||||
|
| |||||||
TOTAL SINGAPORE | 192,233,462 | |||||||
|
| |||||||
UNITED STATES (0.0%) |
| |||||||
Clean Seas Seafood, Ltd. | 16,006 | 6,538 | ||||||
|
| |||||||
TOTAL COMMON STOCKS | 1,705,828,181 | |||||||
|
| |||||||
PREFERRED STOCKS (0.0%) |
| |||||||
AUSTRALIA (0.0%) |
| |||||||
Catapult Group International, Ltd. | 51,120 | 71,327 | ||||||
|
| |||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||
AUSTRALIA (0.0%) |
| |||||||
* | Decmil Group, Ltd. Warrants 09/15/22 | 5,306 | 0 | |||||
|
| |||||||
HONG KONG (0.0%) |
| |||||||
* | APAC Resources, Ltd. Warrants 10/06/22 | 753,303 | 14,032 | |||||
|
| |||||||
SINGAPORE (0.0%) |
| |||||||
#* | Ezion Holdings, Ltd. Warrants 04/16/23 | 5,659,201 | 0 | |||||
* | First Sponsor Group, Ltd. Warrants 03/21/29 | 74,981 | 15,324 | |||||
|
| |||||||
TOTAL SINGAPORE | 15,324 | |||||||
|
| |||||||
TOTAL RIGHTS/WARRANTS | 29,356 | |||||||
|
| |||||||
TOTAL INVESTMENT SECURITIES | 1,705,928,864 | |||||||
|
|
THE ASIA PACIFIC SMALL COMPANY SERIES
CONTINUED
Shares | Value | |||||||
SECURITIES LENDING COLLATERAL (2.3%) |
| |||||||
@§ | The DFA Short Term Investment Fund | 3,445,162 | $ | 39,860,523 | ||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | ||||||||
(Cost $1,610,390,297)^^ | $ | 1,745,789,387 | ||||||
|
|
Summary of the Series investments as of September 30, 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 | $ | 6,240,692 | $ | 1,006,374,387 | | $ | 1,012,615,079 | |||||||||
China | | 167,456 | | 167,456 | ||||||||||||
Hong Kong | 1,871,477 | 380,179,129 | | 382,050,606 | ||||||||||||
New Zealand | | 118,755,040 | | 118,755,040 | ||||||||||||
Singapore | 245,184 | 191,988,278 | | 192,233,462 | ||||||||||||
United States | 6,538 | | | 6,538 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Australia | 71,327 | | | 71,327 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Hong Kong | | 14,032 | | 14,032 | ||||||||||||
Singapore | | 15,324 | | 15,324 | ||||||||||||
Securities Lending Collateral | | 39,860,523 | | 39,860,523 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 8,435,218 | $ | 1,737,354,169 | | $ | 1,745,789,387 | |||||||||
|
|
|
|
|
|
|
|
THE UNITED KINGDOM SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Shares | Value» | |||||||
COMMON STOCKS (99.2%) |
| |||||||
COMMUNICATION SERVICES (3.9%) |
| |||||||
4imprint Group P.L.C. | 158,368 | $ | 6,379,902 | |||||
Airtel Africa P.L.C. | 830,930 | 1,112,238 | ||||||
* | Ascential P.L.C. | 1,031,031 | 5,686,953 | |||||
Bloomsbury Publishing P.L.C. | 288,858 | 1,300,694 | ||||||
Centaur Media P.L.C. | 254,249 | 172,794 | ||||||
#* | Cineworld Group P.L.C. | 3,456,972 | 3,634,304 | |||||
Daily Mail & General Trust P.L.C., Class A | 976,227 | 14,167,599 | ||||||
Euromoney Institutional Investor P.L.C. | 696,566 | 9,486,339 | ||||||
* | Frontier Developments P.L.C. | 39,661 | 1,305,886 | |||||
Future P.L.C. | 149,013 | 7,381,369 | ||||||
Gamma Communications P.L.C. | 120,653 | 2,958,862 | ||||||
* | Helios Towers P.L.C. | 694,686 | 1,690,423 | |||||
#* | Hyve Group P.L.C. | 1,505,164 | 2,246,417 | |||||
* | Kin & Carta P.L.C. | 586,796 | 2,168,470 | |||||
Next Fifteen Communications Group P.L.C. | 53,687 | 816,731 | ||||||
Reach P.L.C. | 2,516,899 | 11,824,671 | ||||||
STV Group P.L.C. | 4,918 | 24,541 | ||||||
* | Taptica international Ltd. | 74,987 | 683,922 | |||||
|
| |||||||
TOTAL COMMUNICATION SERVICES | 73,042,115 | |||||||
|
| |||||||
CONSUMER DISCRETIONARY (20.3%) |
| |||||||
888 Holdings P.L.C. | 2,041,031 | 11,767,872 | ||||||
* | AO World P.L.C. | 249,060 | 726,118 | |||||
* | ASOS P.L.C. | 4,675 | 188,359 | |||||
* | Aston Martin Lagonda Global Holdings P.L.C. | 101,319 | 2,611,800 | |||||
Bellway P.L.C. | 426,889 | 18,828,654 | ||||||
#* | Boohoo Group P.L.C. | 262,387 | 765,815 | |||||
* | Card Factory P.L.C. | 877,458 | 634,893 | |||||
Coats Group P.L.C. | 2,606,377 | 2,364,766 | ||||||
* | Countryside Properties P.L.C. | 2,922,469 | 19,786,198 | |||||
Crest Nicholson Holdings P.L.C. | 1,805,488 | 9,264,403 | ||||||
Currys P.L.C. | 5,059,710 | 9,058,195 | ||||||
Debenhams P.L.C. | 6,862,458 | 0 | ||||||
#* | DFS Furniture P.L.C. | 1,202,713 | 4,204,478 | |||||
#* | Dignity P.L.C. | 211,780 | 1,911,688 | |||||
Dominos Pizza Group P.L.C. | 3,262,553 | 17,325,129 | ||||||
Dunelm Group P.L.C. | 658,815 | 12,554,184 | ||||||
* | Frasers Group P.L.C. | 1,610,807 | 14,730,303 | |||||
* | Fuller Smith & Turner P.L.C., Class A | 146,090 | 1,434,338 | |||||
Games Workshop Group P.L.C. | 157,463 | 21,724,047 | ||||||
Gamesys Group P.L.C. | 420,215 | 10,456,925 | ||||||
Greggs P.L.C. | 627,615 | 24,746,461 | ||||||
* | Gym Group P.L.C. (The) | 875,868 | 3,500,172 | |||||
Halfords Group P.L.C. | 1,283,527 | 5,259,948 | ||||||
Headlam Group P.L.C. | 489,824 | 3,225,380 | ||||||
Henry Boot P.L.C. | 527,604 | 2,000,835 | ||||||
* | Hollywood Bowl Group P.L.C. | 254,974 | 830,541 | |||||
#* | Hostelworld Group P.L.C. | 163,985 | 180,815 | |||||
Inchcape P.L.C. | 2,550,326 | 27,751,730 | ||||||
* | J D Wetherspoon P.L.C. | 525,236 | 7,338,959 | |||||
* | Joules Group P.L.C. | 3,586 | 9,767 | |||||
* | Lookers P.L.C. | 1,331,856 | 1,152,805 | |||||
* | Marks & Spencer Group P.L.C. | 7,572,745 | 18,588,208 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
CONSUMER DISCRETIONARY (Continued) |
| |||||||
* | Marstons P.L.C. | 4,823,710 | $ | 5,255,080 | ||||
* | Mitchells & Butlers P.L.C. | 2,125,468 | 6,758,797 | |||||
MJ Gleeson P.L.C. | 240,572 | 2,565,440 | ||||||
Moneysupermarket.com Group P.L.C. | 3,347,796 | 9,555,962 | ||||||
* | Motorpoint group P.L.C. | 51,520 | 260,454 | |||||
#* | N Brown Group P.L.C. | 948,958 | 638,559 | |||||
* | On the Beach Group P.L.C. | 785,744 | 4,031,075 | |||||
* | Pendragon P.L.C. | 3,945,379 | 972,031 | |||||
Pets at Home Group P.L.C. | 3,262,961 | 21,041,282 | ||||||
* | Photo-Me International P.L.C. | 1,417,580 | 1,177,042 | |||||
* | Playtech P.L.C. | 1,921,379 | 12,133,137 | |||||
* | PPHE Hotel Group, Ltd. | 14,433 | 285,339 | |||||
* | Rank Group P.L.C. | 1,021,186 | 2,344,819 | |||||
Redrow P.L.C. | 1,602,850 | 14,394,124 | ||||||
* | Restaurant Group P.L.C. (The) | 1,104,930 | 1,535,209 | |||||
Smiths News P.L.C. | 23,379 | 12,464 | ||||||
* | Sportech P.L.C. | 408,363 | 203,542 | |||||
* | SSP Group P.L.C. | 3,521,147 | 13,027,288 | |||||
* | Studio Retail Group P.L.C. | 220,669 | 790,079 | |||||
* | Superdry P.L.C. | 350,059 | 1,234,857 | |||||
* | Ted Baker P.L.C. | 200,864 | 384,007 | |||||
Thomas Cook Group P.L.C. | 6,366,734 | 0 | ||||||
TI Fluid Systems P.L.C., Class B | 184,139 | 623,687 | ||||||
* | Topps Tiles P.L.C. | 785,944 | 730,665 | |||||
* | Vertu Motors P.L.C. | 845,742 | 574,426 | |||||
Vistry Group P.L.C. | 880,715 | 14,453,422 | ||||||
Vitec Group P.L.C. (The) | 209,277 | 4,231,991 | ||||||
Vivo Energy P.L.C. | 418,094 | 597,880 | ||||||
* | Watches of Switzerland Group P.L.C. | 70,368 | 890,978 | |||||
* | WH Smith P.L.C. | 72,856 | 1,673,061 | |||||
Wickes Group P.L.C. | 1,449,665 | 4,446,813 | ||||||
* | Young & Cos Brewery P.L.C., Class A | 2,075 | 43,054 | |||||
|
| |||||||
TOTAL CONSUMER DISCRETIONARY | 381,790,350 | |||||||
|
| |||||||
CONSUMER STAPLES (6.7%) |
| |||||||
* | A.G. Barr P.L.C. | 717,784 | 5,020,565 | |||||
Anglo-Eastern Plantations P.L.C. | 122,466 | 1,031,485 | ||||||
Bakkavor Group P.L.C. | 110,157 | 197,755 | ||||||
Britvic P.L.C. | 1,682,931 | 20,229,537 | ||||||
* | C&C Group P.L.C. | 1,047,698 | 3,321,292 | |||||
Carrs Group P.L.C. | 349,511 | 729,249 | ||||||
Cranswick P.L.C. | 374,680 | 17,987,004 | ||||||
Devro P.L.C. | 1,227,738 | 3,544,897 | ||||||
Fevertree Drinks P.L.C. | 629,609 | 19,753,322 | ||||||
* | Greencore Group P.L.C. | 3,893,781 | 7,387,234 | |||||
Hilton Food Group P.L.C. | 289,644 | 4,544,441 | ||||||
McBride P.L.C. | 872,573 | 888,465 | ||||||
* | Naked Wines P.L.C. | 26,543 | 248,386 | |||||
Nichols P.L.C. | 2,884 | 51,797 | ||||||
Premier Foods P.L.C. | 4,717,225 | 7,383,410 | ||||||
PZ Cussons P.L.C. | 1,740,700 | 5,266,750 | ||||||
Stock Spirits Group P.L.C. | 1,171,974 | 5,905,546 | ||||||
Tate & Lyle P.L.C. | 2,399,719 | 22,318,628 | ||||||
|
| |||||||
TOTAL CONSUMER STAPLES | 125,809,763 | |||||||
|
| |||||||
ENERGY (2.3%) |
| |||||||
Afren P.L.C. | 5,446,344 | 0 | ||||||
Cairn Energy P.L.C. | 3,702,280 | 9,341,862 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ENERGY (Continued) |
| |||||||
Diversified Energy Co., P.L.C. | 1,638,553 | $ | 2,608,376 | |||||
* | Energean P.L.C | 80,771 | 966,693 | |||||
* | EnQuest P.L.C. | 11,183,166 | 3,549,751 | |||||
Genel Energy P.L.C. | 814,940 | 1,561,387 | ||||||
Gulf Keystone Petroleum, Ltd. | 1,483,729 | 4,026,164 | ||||||
* | Harbour Energy P.L.C. | 355,001 | 1,732,715 | |||||
Hunting P.L.C. | 828,220 | 2,520,587 | ||||||
* | John Wood Group P.L.C. | 3,684,499 | 11,382,607 | |||||
* | Lamprell P.L.C. | 1,293,820 | 620,602 | |||||
* | Pantheon Resources P.L.C. | 48,702 | 46,939 | |||||
#* | Petrofac, Ltd. | 993,723 | 2,244,898 | |||||
* | Pharos Energy P.L.C. | 1,027,575 | 268,086 | |||||
* | Rockhopper Exploration P.L.C. | 217,956 | 16,208 | |||||
Serica Energy P.L.C. | 170,789 | 530,974 | ||||||
* | Tullow Oil P.L.C. | 1,828,270 | 1,257,044 | |||||
|
| |||||||
TOTAL ENERGY | 42,674,893 | |||||||
|
| |||||||
FINANCIALS (16.3%) |
| |||||||
AJ Bell P.L.C. | 368,426 | 1,976,141 | ||||||
#* | Allied Minds P.L.C. | 211,640 | 67,719 | |||||
* | Arrow Global Group P.L.C. | 940,076 | 3,900,832 | |||||
Ashmore Group P.L.C. | 2,404,758 | 11,000,651 | ||||||
* | Bank of Georgia Group P.L.C. | 272,021 | 5,687,326 | |||||
* | Beazley P.L.C. | 3,223,130 | 16,409,396 | |||||
Brewin Dolphin Holdings P.L.C. | 2,166,162 | 11,121,012 | ||||||
Brooks Macdonald Group P.L.C. | 628 | 21,223 | ||||||
Burford Capital, Ltd. | 758,888 | 8,272,503 | ||||||
Charles Stanley Group P.L.C. | 124,654 | 861,572 | ||||||
Chesnara P.L.C. | 860,234 | 3,296,532 | ||||||
Close Brothers Group P.L.C. | 970,236 | 20,151,995 | ||||||
CMC Markets P.L.C. | 874,248 | 3,332,719 | ||||||
* | Funding Circle Holdings P.L.C. | 104,248 | 218,167 | |||||
* | Georgia Capital P.L.C. | 42,724 | 345,611 | |||||
Hiscox, Ltd. | 1,593,462 | 17,962,149 | ||||||
IG Group Holdings P.L.C. | 2,149,742 | 23,230,584 | ||||||
Impax Asset Management Group P.L.C. | 67,150 | 1,039,811 | ||||||
IntegraFin Holdings P.L.C. | 267,244 | 1,855,608 | ||||||
International Personal Finance P.L.C. | 828,317 | 1,545,385 | ||||||
Investec P.L.C. | 1,306,686 | 5,576,141 | ||||||
IP Group P.L.C. | 5,108,723 | 9,605,572 | ||||||
JTC P.L.C. | 55,256 | 549,515 | ||||||
Jupiter Fund Management P.L.C. | 3,002,430 | 10,061,925 | ||||||
* | Just Group P.L.C. | 6,838,901 | 8,287,900 | |||||
Lancashire Holdings, Ltd. | 1,512,763 | 11,393,194 | ||||||
Liontrust Asset Management P.L.C. | 47,059 | 1,342,890 | ||||||
Man Group P.L.C. | 9,599,081 | 26,330,560 | ||||||
Morses Club P.L.C. | 15,836 | 16,497 | ||||||
Mortgage Advice Bureau Holdings, Ltd. | 2,530 | 38,938 | ||||||
Ninety One P.L.C. | 420,736 | 1,455,314 | ||||||
Numis Corp. P.L.C. | 290,287 | 1,400,955 | ||||||
OSB Group P.L.C. | 1,042,528 | 7,028,552 | ||||||
Paragon Banking Group P.L.C. | 1,977,656 | 14,542,504 | ||||||
Plus500, Ltd. | 495,031 | 9,251,582 | ||||||
Polar Capital Holdings P.L.C. | 169,478 | 1,845,676 | ||||||
* | Provident Financial P.L.C. | 1,422,755 | 6,385,969 | |||||
Quilter P.L.C. | 10,641,392 | 20,406,260 | ||||||
Rathbone Brothers P.L.C. | 340,790 | 9,224,267 | ||||||
Record P.L.C. | 18,948 | 20,313 | ||||||
River & Mercantile Group P.L.C. | 10,512 | 33,981 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FINANCIALS (Continued) |
| |||||||
S&U P.L.C. | 25,414 | $ | 982,740 | |||||
Sabre Insurance Group P.L.C. | 181,585 | 533,840 | ||||||
* | Saga P.L.C. | 595,970 | 2,826,292 | |||||
Sanne Group P.L.C. | 52,058 | 633,679 | ||||||
TBC Bank Group P.L.C. | 33,291 | 648,068 | ||||||
TP ICAP Group P.L.C. | 4,474,056 | 9,616,854 | ||||||
* | Virgin Money UK P.L.C. | 4,892,249 | 13,391,981 | |||||
Waterloo Investment Holdings, Ltd | 4,000 | 0 | ||||||
|
| |||||||
TOTAL FINANCIALS | 305,728,895 | |||||||
|
| |||||||
HEALTH CARE (2.9%) |
| |||||||
* | 4d pharma P.L.C. | 42,478 | 34,737 | |||||
Advanced Medical Solutions Group P.L.C. | 281,867 | 1,165,838 | ||||||
Alliance Pharma P.L.C. | 1,750,699 | 2,461,438 | ||||||
CareTech Holdings P.L.C. | 281,028 | 2,426,992 | ||||||
* | Circassia Group P.L.C. | 202,629 | 121,441 | |||||
Clinigen Group P.L.C. | 368,309 | 3,161,017 | ||||||
* | CVS Group P.L.C. | 416,381 | 13,523,124 | |||||
EKF Diagnostics Holdings P.L.C. | 79,384 | 89,738 | ||||||
EMIS Group P.L.C. | 302,685 | 5,678,981 | ||||||
Genus P.L.C. | 5,332 | 389,804 | ||||||
* | Indivior P.L.C. | 2,737,374 | 7,912,161 | |||||
Integrated Diagnostics Holdings P.L.C. | 1,249,693 | 1,535,258 | ||||||
* | Mediclinic International P.L.C. | 2,461,637 | 10,317,240 | |||||
* | PureTech Health P.L.C. | 149,081 | 718,931 | |||||
* | Spire Healthcare Group P.L.C. | 1,762,723 | 4,857,845 | |||||
|
| |||||||
TOTAL HEALTH CARE | 54,394,545 | |||||||
|
| |||||||
INDUSTRIALS (26.2%) |
| |||||||
Air Partner P.L.C. | 253,425 | 327,192 | ||||||
Avon Protection P.L.C. | 171,660 | 4,490,441 | ||||||
* | Babcock International Group P.L.C. | 2,860,533 | 14,261,420 | |||||
Balfour Beatty P.L.C. | 3,624,290 | 13,160,147 | ||||||
Begbies Traynor Group P.L.C. | 44,955 | 83,074 | ||||||
* | Biffa P.L.C. | 1,251,206 | 6,022,187 | |||||
Bodycote P.L.C. | 1,252,104 | 14,671,140 | ||||||
Braemar Shipping Services P.L.C. | 91,109 | 311,623 | ||||||
Chemring Group P.L.C. | 1,787,209 | 7,653,785 | ||||||
Clarkson P.L.C. | 183,962 | 9,425,208 | ||||||
Clipper Logistics P.L.C. | 205,562 | 2,011,150 | ||||||
* | Costain Group P.L.C. | 237,261 | 181,462 | |||||
* | De La Rue P.L.C. | 462,108 | 1,137,334 | |||||
* | Dialight P.L.C. | 89,929 | 433,970 | |||||
Diploma P.L.C. | 631,771 | 24,023,227 | ||||||
DiscoverIE Group P.L.C. | 512,019 | 7,111,860 | ||||||
Electrocomponents P.L.C. | 385,450 | 5,580,007 | ||||||
#* | Esken, Ltd. | 1,707,178 | 325,891 | |||||
* | Firstgroup P.L.C. | 7,284,526 | 8,762,475 | |||||
Galliford Try Holdings P.L.C. | 536,479 | 1,309,736 | ||||||
Genuit Group P.L.C. | 1,410,562 | 13,135,731 | ||||||
* | Go-Ahead Group P.L.C. (The) | 279,310 | 3,012,090 | |||||
Goodwin P.L.C. | 383 | 18,165 | ||||||
Grafton Group P.L.C. | 1,582,491 | 26,894,353 | ||||||
Hays P.L.C. | 8,611,615 | 18,777,526 | ||||||
HomeServe P.L.C. | 60,812 | 739,364 | ||||||
IMI P.L.C. | 1,223,748 | 27,202,607 | ||||||
Industrial and Commercial Holding Group, Ltd. | 5,000 | 0 | ||||||
Interserve P.L.C. | 629,566 | 0 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INDUSTRIALS (Continued) |
| |||||||
James Fisher & Sons P.L.C. | 313,097 | $ | 3,615,575 | |||||
James Halstead P.L.C. | 8,111 | 57,260 | ||||||
#* | JET2 P.L.C. | 486,652 | 8,432,214 | |||||
* | John Menzies P.L.C. | 132,338 | 558,535 | |||||
* | Johnson Service Group P.L.C. | 253,813 | 512,671 | |||||
Keller Group P.L.C. | 422,208 | 5,425,548 | ||||||
* | Kier Group P.L.C. | 1,526,667 | 2,479,206 | |||||
Luceco P.L.C. | 255,836 | 1,121,082 | ||||||
* | Mears Group P.L.C. | 679,621 | 1,880,930 | |||||
* | Meggitt P.L.C. | 2,411,365 | 23,790,520 | |||||
* | Mitie Group P.L.C. | 6,973,938 | 6,614,270 | |||||
Morgan Advanced Materials P.L.C. | 1,832,073 | 8,866,809 | ||||||
Morgan Sindall Group P.L.C. | 237,612 | 7,592,522 | ||||||
* | National Express Group P.L.C. | 2,976,053 | 9,660,100 | |||||
Norcros P.L.C. | 134,719 | 545,201 | ||||||
Pagegroup P.L.C. | 2,014,945 | 16,875,844 | ||||||
Porvair P.L.C. | 18,060 | 167,598 | ||||||
QinetiQ Group P.L.C. | 3,474,939 | 15,041,204 | ||||||
Redde Northgate P.L.C. | 1,420,168 | 7,663,394 | ||||||
Renew Holdings P.L.C. | 28,889 | 306,121 | ||||||
* | Renewi P.L.C. | 521,507 | 4,275,250 | |||||
Ricardo P.L.C. | 291,046 | 1,672,862 | ||||||
Robert Walters P.L.C. | 392,744 | 3,877,937 | ||||||
Rotork P.L.C. | 5,214,504 | 24,371,808 | ||||||
Royal Mail P.L.C. | 2,591,501 | 14,655,747 | ||||||
RPS Group P.L.C. | 940,773 | 1,503,897 | ||||||
RWS Holdings P.L.C. | 266,118 | 2,249,515 | ||||||
* | Senior P.L.C. | 2,312,337 | 5,311,131 | |||||
Serco Group P.L.C. | 1,250,812 | 2,253,245 | ||||||
Severfield P.L.C. | 1,090,941 | 1,108,244 | ||||||
* | SIG P.L.C. | 4,235,830 | 2,736,119 | |||||
Smart Metering Systems P.L.C. | 428,979 | 4,842,223 | ||||||
Speedy Hire P.L.C. | 3,197,155 | 2,738,193 | ||||||
* | Stagecoach Group P.L.C. | 2,360,397 | 2,663,343 | |||||
SThree P.L.C. | 785,105 | 6,142,663 | ||||||
T Clarke P.L.C. | 64,142 | 141,713 | ||||||
Travis Perkins P.L.C. | 1,064,821 | 21,893,365 | ||||||
Trifast P.L.C. | 524,611 | 1,004,835 | ||||||
Tyman P.L.C. | 956,236 | 5,410,572 | ||||||
Ultra Electronics Holdings P.L.C. | 566,936 | 24,666,372 | ||||||
Vesuvius P.L.C. | 1,490,035 | 9,718,802 | ||||||
Volex P.L.C. | 368,357 | 2,154,919 | ||||||
Volution Group P.L.C. | 408,441 | 2,692,226 | ||||||
Vp P.L.C. | 153,784 | 2,101,282 | ||||||
Wilmington P.L.C. | 334,384 | 1,000,792 | ||||||
Wincanton P.L.C. | 649,186 | 3,112,883 | ||||||
XP Power, Ltd. | 101,556 | 7,020,698 | ||||||
|
| |||||||
TOTAL INDUSTRIALS | 493,590,405 | |||||||
|
| |||||||
INFORMATION TECHNOLOGY (8.4%) |
| |||||||
* | Bytes Technology Group P.L.C. | 133,216 | 902,964 | |||||
* | Capita P.L.C. | 9,667,608 | 6,585,742 | |||||
Computacenter P.L.C. | 514,578 | 18,718,014 | ||||||
dotdigital group P.L.C. | 297,101 | 962,035 | ||||||
* | Equiniti Group P.L.C. | 2,329,628 | 5,598,606 | |||||
* | FD Technologies P.L.C. | 19,982 | 630,787 | |||||
FDM Group Holdings P.L.C. | 411,877 | 7,033,590 | ||||||
GB Group P.L.C. | 125,521 | 1,455,739 | ||||||
Gooch & Housego P.L.C. | 1,817 | 30,920 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
INFORMATION TECHNOLOGY (Continued) |
| |||||||
IDOX P.L.C. | 140,149 | $ | 132,328 | |||||
iomart Group P.L.C. | 236,264 | 685,508 | ||||||
* | IQE P.L.C. | 1,347,656 | 863,014 | |||||
Kainos Group P.L.C. | 439,968 | 11,084,138 | ||||||
* | Keywords Studios P.L.C. | 78,726 | 3,094,594 | |||||
Learning Technologies Group P.L.C. | 487,748 | 1,419,685 | ||||||
Micro Focus International P.L.C. | 1,180,014 | 6,490,462 | ||||||
NCC Group P.L.C. | 1,752,276 | 6,016,818 | ||||||
* | Network International Holdings P.L.C. | 175,435 | 859,601 | |||||
Oxford Instruments P.L.C. | 359,068 | 10,932,445 | ||||||
PayPoint P.L.C. | 412,908 | 3,941,486 | ||||||
Renishaw P.L.C. | 54,682 | 3,471,502 | ||||||
RM P.L.C. | 358,749 | 1,139,307 | ||||||
Softcat P.L.C. | 749,800 | 20,375,830 | ||||||
Spectris P.L.C. | 463,174 | 24,038,534 | ||||||
Spirent Communications P.L.C. | 4,206,131 | 15,762,901 | ||||||
Strix Group P.L.C. | 261,603 | 1,198,690 | ||||||
Trellus Health, Ltd. | 1,632 | 0 | ||||||
TT Electronics P.L.C. | 1,062,274 | 3,702,678 | ||||||
* | Xaar P.L.C. | 370,086 | 837,305 | |||||
|
| |||||||
TOTAL INFORMATION TECHNOLOGY | 157,965,223 | |||||||
|
| |||||||
MATERIALS (6.5%) |
| |||||||
* | Accsys Technologies P.L.C. | 9,505 | 21,084 | |||||
Anglo Pacific Group P.L.C. | 1,161,218 | 2,069,995 | ||||||
Breedon Group P.L.C. | 652,435 | 868,255 | ||||||
* | Carclo P.L.C. | 32,211 | 13,656 | |||||
Castings P.L.C. | 172,368 | 816,156 | ||||||
Centamin P.L.C. | 7,543,821 | 9,657,528 | ||||||
Central Asia Metals P.L.C. | 571,991 | 1,704,881 | ||||||
* | Elementis P.L.C. | 3,292,347 | 6,636,920 | |||||
Essentra P.L.C. | 1,674,327 | 5,999,574 | ||||||
Ferrexpo P.L.C. | 2,074,224 | 9,091,760 | ||||||
Forterra P.L.C. | 1,535,989 | 5,739,516 | ||||||
Gem Diamonds, Ltd. | 413,552 | 284,786 | ||||||
Hill & Smith Holdings P.L.C. | 545,011 | 13,282,335 | ||||||
Hochschild Mining P.L.C. | 1,781,849 | 3,184,414 | ||||||
Ibstock P.L.C. | 2,820,126 | 7,827,105 | ||||||
Marshalls P.L.C. | 1,408,571 | 14,107,669 | ||||||
Pan African Resources P.L.C. | 889,174 | 187,446 | ||||||
* | Petra Diamonds, Ltd. | 876,587 | 20,711 | |||||
#* | Petropavlovsk P.L.C. | 2,436,918 | 671,257 | |||||
Rhi Magnesita NV | 127,640 | 5,610,312 | ||||||
* | SolGold P.L.C. | 438,575 | 164,297 | |||||
Synthomer P.L.C. | 2,263,160 | 15,139,265 | ||||||
Treatt P.L.C. | 7,827 | 106,597 | ||||||
Victrex P.L.C. | 576,646 | 18,390,231 | ||||||
Zotefoams P.L.C. | 98,053 | 504,045 | ||||||
|
| |||||||
TOTAL MATERIALS | 122,099,795 | |||||||
|
| |||||||
REAL ESTATE (3.5%) |
| |||||||
CLS Holdings P.L.C. | 717,473 | 2,140,375 | ||||||
Foxtons Group P.L.C. | 1,224,286 | 819,939 | ||||||
Grainger P.L.C. | 4,411,972 | 18,103,549 | ||||||
Helical P.L.C. | 811,128 | 4,838,375 | ||||||
* | IWG P.L.C. | 3,858,261 | 15,106,357 | |||||
LSL Property Services P.L.C. | 431,997 | 2,550,582 | ||||||
* | Purplebricks Group P.L.C. | 106,323 | 85,853 |
THE UNITED KINGDOM SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
REAL ESTATE (Continued) |
| |||||||
* | Raven Property Group, Ltd. | 844,687 | $ | 371,670 | ||||
Savills P.L.C. | 986,247 | 17,885,270 | ||||||
Sirius Real Estate, Ltd. | 654,218 | 1,148,769 | ||||||
* | U & I Group P.L.C. | 813,380 | 979,530 | |||||
Watkin Jones P.L.C. | 618,634 | 1,874,803 | ||||||
|
| |||||||
TOTAL REAL ESTATE | 65,905,072 | |||||||
|
| |||||||
UTILITIES (2.2%) |
| |||||||
* | Centrica P.L.C. | 18,526,842 | 14,068,513 | |||||
ContourGlobal P.L.C. | 115,084 | 290,964 | ||||||
Drax Group P.L.C. | 2,521,289 | 16,312,329 | ||||||
Pennon Group P.L.C. | 244,110 | 3,720,937 | ||||||
Telecom Plus P.L.C. | 420,402 | 6,877,510 | ||||||
|
| |||||||
TOTAL UTILITIES | 41,270,253 | |||||||
|
| |||||||
TOTAL COMMON STOCKS | 1,864,271,309 | |||||||
|
| |||||||
Value | ||||||||
SECURITIES LENDING COLLATERAL (0.8%) |
| |||||||
@§ | The DFA Short Term Investment Fund | 1,265,820 | 14,645,539 | |||||
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TOTAL INVESTMENTS (100.0%) | ||||||||
(Cost $1,477,942,567)^^ | $ | 1,878,916,848 | ||||||
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Summary of the Series investments as of September 30, 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 | | $ | 73,042,115 | | $ | 73,042,115 | ||||||||||
Consumer Discretionary | | 381,790,350 | | 381,790,350 | ||||||||||||
Consumer Staples | | 125,809,763 | | 125,809,763 | ||||||||||||
Energy | | 42,674,893 | | 42,674,893 | ||||||||||||
Financials | | 305,728,895 | | 305,728,895 | ||||||||||||
Health Care | | 54,394,545 | | 54,394,545 | ||||||||||||
Industrials | | 493,590,405 | | 493,590,405 | ||||||||||||
Information Technology | | 157,965,223 | | 157,965,223 | ||||||||||||
Materials | | 122,099,795 | | 122,099,795 | ||||||||||||
Real Estate | | 65,905,072 | | 65,905,072 | ||||||||||||
Utilities | | 41,270,253 | | 41,270,253 | ||||||||||||
Securities Lending Collateral | | 14,645,539 | | 14,645,539 | ||||||||||||
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|
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TOTAL | | $ | 1,878,916,848 | | $ | 1,878,916,848 | ||||||||||
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THE CONTINENTAL SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Shares | Value» | |||||||
COMMON STOCKS (94.7%) |
| |||||||
AUSTRIA (3.2%) |
| |||||||
Agrana Beteiligungs AG | 83,141 | $ | 1,752,159 | |||||
ANDRITZ AG | 473,948 | 25,975,063 | ||||||
AT&S Austria Technologie & Systemtechnik AG | 196,445 | 7,451,278 | ||||||
Atrium European Real Estate, Ltd. | 1,073,908 | 3,896,487 | ||||||
BAWAG Group AG | 55,474 | 3,510,762 | ||||||
#* | DO & CO AG | 47,356 | 3,830,741 | |||||
EVN AG | 239,086 | 6,354,705 | ||||||
* | FACC AG | 144,102 | 1,568,246 | |||||
* | Flughafen Wien AG | 30,811 | 1,064,086 | |||||
#* | IMMOFINANZ AG | 680,830 | 16,211,557 | |||||
Josef Manner & Co. AG | 870 | 105,903 | ||||||
#* | Kapsch TrafficCom AG | 29,728 | 512,351 | |||||
* | Lenzing AG | 87,368 | 10,576,320 | |||||
Mayr Melnhof Karton AG | 56,619 | 10,823,009 | ||||||
Oberbank AG | 25,007 | 2,618,182 | ||||||
# | Oesterreichische Post AG | 244,378 | 10,340,444 | |||||
Palfinger AG | 101,341 | 4,416,197 | ||||||
# | POLYTEC Holding AG | 109,361 | 1,054,755 | |||||
* | Porr AG | 75,457 | 1,342,705 | |||||
Raiffeisen Bank International AG | 95,986 | 2,510,463 | ||||||
# | Rosenbauer International AG | 21,100 | 1,198,501 | |||||
S IMMO AG | 346,922 | 8,016,214 | ||||||
* | Schoeller-Bleckmann Oilfield Equipment AG | 66,862 | 2,692,614 | |||||
Semperit AG Holding | 71,506 | 2,545,891 | ||||||
Strabag SE | 106,594 | 4,849,422 | ||||||
Telekom Austria AG, Class A | 1,131,625 | 9,779,150 | ||||||
# | UBM Development AG | 21,002 | 1,043,946 | |||||
UNIQA Insurance Group AG | 1,022,195 | 9,101,794 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 304,099 | 8,749,033 | ||||||
voestalpine AG | 545,498 | 20,149,981 | ||||||
Wienerberger AG | 658,781 | 22,119,781 | ||||||
Zumtobel Group AG | 155,917 | 1,628,992 | ||||||
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| |||||||
TOTAL AUSTRIA | 207,790,732 | |||||||
|
| |||||||
BELGIUM (3.8%) |
| |||||||
Ackermans & van Haaren NV | 175,576 | 30,248,618 | ||||||
* | AGFA-Gevaert NV | 1,301,362 | 5,987,540 | |||||
Atenor | 22,537 | 1,541,232 | ||||||
Banque Nationale de Belgique | 87 | 171,293 | ||||||
Barco NV | 474,841 | 10,307,541 | ||||||
Bekaert SA | 264,354 | 10,997,620 | ||||||
#* | Biocartis Group NV | 227,423 | 1,007,052 | |||||
* | bpost SA | 611,168 | 5,389,308 | |||||
#* | Celyad Oncology SA | 42,190 | 176,806 | |||||
Cie dEntreprises CFE | 49,898 | 5,138,740 | ||||||
Deceuninck NV | 468,787 | 1,975,527 | ||||||
Dieteren Group | 194,540 | 28,546,488 | ||||||
Econocom Group SA | 727,792 | 2,796,962 | ||||||
# | Elia Group SA | 132,252 | 15,804,144 | |||||
# | Etablissements Franz Colruyt NV | 81,965 | 4,181,206 | |||||
Euronav NV | 1,306,429 | 12,381,518 | ||||||
* | Euronav NV | 44,428 | 433,617 | |||||
EVS Broadcast Equipment SA | 69,287 | 1,557,163 | ||||||
# | Exmar NV | 145,690 | 710,543 | |||||
Fagron | 299,623 | 5,852,609 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
BELGIUM (Continued) |
| |||||||
* | Galapagos NV | 135,336 | $ | 7,079,573 | ||||
Gimv NV | 119,719 | 7,640,922 | ||||||
* | Greenyard NV | 2,890 | 28,526 | |||||
# | Immobel SA | 23,226 | 2,011,761 | |||||
Ion Beam Applications | 131,209 | 2,885,925 | ||||||
Jensen-Group NV | 20,961 | 677,444 | ||||||
* | Kinepolis Group NV | 97,118 | 6,304,719 | |||||
# | Lotus Bakeries NV | 1,836 | 11,268,425 | |||||
* | MDxHealth | 69,016 | 97,146 | |||||
Melexis NV | 123,644 | 13,124,866 | ||||||
* | Ontex Group NV | 390,649 | 4,170,905 | |||||
#* | Oxurion NV | 128,049 | 285,408 | |||||
#* | Picanol | 26,368 | 2,221,989 | |||||
Proximus SADP | 462,154 | 9,171,200 | ||||||
Recticel SA | 289,370 | 4,804,607 | ||||||
Resilux | 5,872 | 1,214,474 | ||||||
Roularta Media Group NV | 19,318 | 349,636 | ||||||
# | Shurgard Self Storage SA | 35,360 | 1,941,263 | |||||
Sipef NV | 37,539 | 2,201,982 | ||||||
Telenet Group Holding NV | 216,628 | 8,271,257 | ||||||
TER Beke SA | 3,661 | 483,193 | ||||||
* | Tessenderlo Group SA | 206,316 | 7,677,388 | |||||
Van de Velde NV | 41,553 | 1,490,731 | ||||||
VGP NV | 13,709 | 3,151,833 | ||||||
Viohalco SA | 498,361 | 2,422,895 | ||||||
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TOTAL BELGIUM | 246,183,595 | |||||||
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DENMARK (5.2%) |
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* | ALK-Abello A.S. | 44,176 | 18,535,059 | |||||
# | Alm Brand A.S. | 554,009 | 3,874,628 | |||||
#* | Bang & Olufsen A.S. | 696,133 | 3,263,673 | |||||
BankNordik P/F | 10,800 | 269,671 | ||||||
* | Bavarian Nordic A.S. | 371,610 | 18,809,792 | |||||
* | Brodrene Hartmann A.S. | 16,148 | 910,528 | |||||
# | cBrain A.S. | 8,366 | 467,230 | |||||
Chemometec A.S. | 46,775 | 7,163,655 | ||||||
Columbus A.S. | 453,060 | 663,926 | ||||||
D/S Norden A.S. | 203,905 | 5,194,670 | ||||||
* | Dfds A.S. | 279,193 | 14,844,384 | |||||
* | Djurslands Bank A.S. | 6,232 | 336,138 | |||||
* | Drilling Co. of 1972 A.S. (The) | 88,916 | 3,337,148 | |||||
FLSmidth & Co. A.S. | 279,851 | 9,727,751 | ||||||
Fluegger Group A.S. | 4,198 | 429,169 | ||||||
GronlandsBANKEN A.S. | 1,125 | 105,384 | ||||||
H Lundbeck A.S. | 209,309 | 5,685,450 | ||||||
* | H+H International A.S., Class B | 124,586 | 4,337,856 | |||||
* | Harboes Bryggeri A.S., Class B | 5,094 | 80,882 | |||||
* | ISS A.S. | 646,910 | 13,673,633 | |||||
Jeudan A.S. | 38,980 | 1,511,084 | ||||||
* | Jyske Bank A.S. | 470,802 | 20,298,847 | |||||
Lan & Spar Bank | 4,895 | 457,306 | ||||||
Matas A.S. | 271,266 | 5,103,913 | ||||||
# | Netcompany Group A.S. | 31,763 | 3,663,688 | |||||
* | Nilfisk Holding A.S. | 153,943 | 4,970,620 | |||||
* | NKT A.S. | 276,029 | 11,990,542 | |||||
# | NNIT A.S. | 71,567 | 1,363,706 | |||||
North Media A.S. | 5,372 | 97,728 | ||||||
* | NTG Nordic Transport Group A.S., Class A | 7,331 | 568,633 | |||||
* | Parken Sport & Entertainment A.S. | 13,669 | 174,765 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
DENMARK (Continued) |
| |||||||
Per Aarsleff Holding A.S. | 134,747 | $ | 5,528,215 | |||||
Ringkjoebing Landbobank A.S. | 194,288 | 22,429,238 | ||||||
Rockwool International A.S., Class A | 433 | 157,542 | ||||||
Rockwool International A.S., Class B | 1,816 | 775,593 | ||||||
Royal Unibrew A.S. | 331,556 | 39,880,183 | ||||||
# | RTX A.S. | 54,444 | 1,391,546 | |||||
Scandinavian Tobacco Group A.S., Class A | 425,432 | 8,396,332 | ||||||
Schouw & Co., A.S. | 95,976 | 9,218,199 | ||||||
# | SimCorp A.S. | 271,291 | 32,054,082 | |||||
Solar A.S., Class B | 40,088 | 3,936,611 | ||||||
SP Group A.S. | 202 | 11,475 | ||||||
Spar Nord Bank A.S. | 591,758 | 6,877,043 | ||||||
Sydbank A.S. | 485,955 | 14,525,022 | ||||||
TCM Group A.S. | 2,578 | 58,813 | ||||||
#* | Tivoli A.S. | 9,878 | 1,243,901 | |||||
# | Topdanmark A.S. | 428,065 | 22,085,537 | |||||
# | TORM P.L.C., Class A | 202,039 | 1,552,868 | |||||
UIE P.L.C. | 10,336 | 2,743,890 | ||||||
* | Zealand Pharma A.S. | 214,875 | 6,179,293 | |||||
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TOTAL DENMARK | 340,956,842 | |||||||
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FINLAND (5.7%) |
| |||||||
Aktia Bank Oyj | 342,569 | 4,607,515 | ||||||
Alandsbanken Abp, Class B | 23,036 | 738,805 | ||||||
Alma Media Oyj | 133,889 | 1,546,728 | ||||||
Anora Group Oyj | 12,029 | 139,638 | ||||||
Apetit Oyj | 21,105 | 326,487 | ||||||
Aspo Oyj | 104,670 | 1,312,054 | ||||||
Atria Oyj, Class A | 98,413 | 1,219,053 | ||||||
* | BasWare Oyj | 53,383 | 2,005,031 | |||||
# | Bittium Oyj | 204,447 | 1,392,130 | |||||
Cargotec Oyj, Class B | 301,749 | 15,274,954 | ||||||
Caverion Oyj | 645,461 | 5,024,498 | ||||||
# | Citycon Oyj | 477,252 | 3,824,559 | |||||
Digia Oyj | 83,685 | 623,919 | ||||||
Enento Group Oyj | 1,665 | 68,031 | ||||||
#* | Finnair Oyj | 4,817,537 | 3,787,536 | |||||
Fiskars Oyj Abp | 209,781 | 4,652,676 | ||||||
F-Secure Oyj | 655,929 | 3,625,824 | ||||||
Glaston Oyj ABP | 9,217 | 12,704 | ||||||
Harvia Oyj | 48,712 | 2,587,388 | ||||||
HKScan Oyj, Class A | 234,984 | 520,708 | ||||||
Huhtamaki Oyj | 667,750 | 30,028,058 | ||||||
Ilkka-Yhtyma Oyj | 58,887 | 308,453 | ||||||
# | Kamux Corp. | 58,230 | 861,290 | |||||
Kemira Oyj | 763,510 | 11,719,789 | ||||||
Kojamo Oyj | 414,816 | 8,613,331 | ||||||
Konecranes Oyj, Class A | 458,040 | 18,327,382 | ||||||
Lassila & Tikanoja Oyj | 209,178 | 3,293,745 | ||||||
#* | Lehto Group Oyj | 159,853 | 221,580 | |||||
Marimekko Oyj | 738 | 58,062 | ||||||
Metsa Board Oyj | 1,246,388 | 11,667,338 | ||||||
Metso Outotec Oyj | 1,111,615 | 10,144,723 | ||||||
Musti Group Oyj | 36,870 | 1,315,686 | ||||||
Neles Oyj | 706,962 | 9,670,849 | ||||||
Nokian Renkaat Oyj | 739,430 | 26,422,395 | ||||||
Olvi Oyj, Class A | 98,057 | 5,687,979 | ||||||
* | Optomed Oy | 1,075 | 14,063 | |||||
Oriola Oyj, Class A | 6,054 | 12,966 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FINLAND (Continued) |
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Oriola Oyj, Class B | 880,807 | $ | 1,809,936 | |||||
# | Orion Oyj, Class A | 143,951 | 5,727,090 | |||||
# | Orion Oyj, Class B | 611,125 | 24,194,906 | |||||
* | Outokumpu Oyj | 2,732,361 | 16,599,811 | |||||
# | Pihlajalinna Oyj | 77,064 | 1,049,981 | |||||
Ponsse Oyj | 71,199 | 3,274,169 | ||||||
* | QT Group Oyj | 80,892 | 13,571,597 | |||||
Raisio Oyj, Class V | 954,967 | 3,750,683 | ||||||
* | Rapala VMC Oyj | 116,693 | 1,234,387 | |||||
Raute Oyj, Class A | 1,817 | 44,669 | ||||||
Revenio Group Oyj | 137,636 | 8,728,567 | ||||||
# | Rovio Entertainment Oyj | 18,485 | 123,178 | |||||
Sanoma Oyj | 725,636 | 11,346,228 | ||||||
Taaleri Oyj | 8,120 | 92,836 | ||||||
Talenom Oyj | 1,755 | 28,472 | ||||||
Teleste Oyj | 52,966 | 315,589 | ||||||
Terveystalo Oyj | 71,471 | 891,902 | ||||||
TietoEVRY Oyj | 476,434 | 14,328,161 | ||||||
Tokmanni Group Corp. | 370,466 | 9,009,961 | ||||||
Uponor Oyj | 396,760 | 9,833,021 | ||||||
Vaisala Oyj, Class A | 120,241 | 5,228,496 | ||||||
Valmet Oyj | 924,559 | 33,380,312 | ||||||
Verkkokauppa.com Oyj | 9,347 | 85,543 | ||||||
* | Viking Line Abp | 6,921 | 128,457 | |||||
# | Wartsila OYJ Abp | 760,320 | 9,054,887 | |||||
# | YIT Oyj | 1,234,813 | 6,524,358 | |||||
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TOTAL FINLAND | 372,015,124 | |||||||
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FRANCE (10.4%) |
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ABC arbitrage | 112,922 | 914,719 | ||||||
* | Akka Technologies | 78,596 | 4,319,898 | |||||
AKWEL | 67,443 | 1,680,477 | ||||||
Albioma SA | 193,337 | 7,589,877 | ||||||
ALD SA | 31,614 | 430,721 | ||||||
Altamir | 136,094 | 3,768,351 | ||||||
Alten SA | 142,760 | 20,889,897 | ||||||
#* | Amplitude Surgical SAS | 19,526 | 47,951 | |||||
# | Assystem SA | 60,928 | 2,151,795 | |||||
#* | Atari SA | 106,003 | 46,069 | |||||
* | ATEME SA | 490 | 6,576 | |||||
Atos SE | 322,042 | 17,107,455 | ||||||
Aubay | 43,725 | 2,459,713 | ||||||
Axway Software SA | 38,973 | 1,230,651 | ||||||
Bastide le Confort Medical | 18,680 | 971,939 | ||||||
* | Beneteau SA | 248,436 | 3,672,396 | |||||
# | Bigben Interactive | 95,323 | 1,770,520 | |||||
Boiron SA | 37,981 | 1,788,624 | ||||||
Bonduelle SCA | 101,707 | 2,527,316 | ||||||
* | Bourbon Corp. | 28,851 | 0 | |||||
Burelle SA | 954 | 743,255 | ||||||
#* | Casino Guichard Perrachon SA | 271,603 | 7,299,549 | |||||
* | Catana Group | 6,410 | 44,426 | |||||
* | Catering International Services | 12,144 | 175,420 | |||||
* | Cegedim SA | 39,447 | 1,205,756 | |||||
#* | CGG SA | 4,466,064 | 3,407,355 | |||||
# | Chargeurs SA | 142,357 | 4,278,677 | |||||
#* | Cie des Alpes | 137,830 | 2,363,112 | |||||
Cie Plastic Omnium SA | 411,474 | 10,501,382 | ||||||
#* | Claranova SADIR | 66,462 | 476,541 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FRANCE (Continued) |
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* | Coface SA | 704,476 | $ | 8,823,931 | ||||
* | DBV Technologies SA | 1,382 | 13,804 | |||||
* | Derichebourg SA | 716,994 | 8,275,223 | |||||
* | Ekinops SAS | 5,333 | 44,700 | |||||
Electricite de Strasbourg SA | 21,112 | 2,859,543 | ||||||
* | Elior Group SA | 704,700 | 5,597,058 | |||||
* | Elis SA | 1,176,252 | 22,432,322 | |||||
* | Eramet SA | 73,777 | 5,544,364 | |||||
* | Esso SA Francaise | 5,217 | 70,700 | |||||
#* | Etablissements Maurel et Prom SA | 322,113 | 852,610 | |||||
Eurazeo SE | 33,820 | 3,169,018 | ||||||
Euronext NV | 51,337 | 5,792,866 | ||||||
# | Eutelsat Communications SA | 1,357,585 | 18,668,271 | |||||
* | Exel Industries, Class A | 10,459 | 969,671 | |||||
Faurecia SE | 558,137 | 26,258,993 | ||||||
Fleury Michon SA | 1,939 | 51,472 | ||||||
Fnac Darty SA | 127,687 | 8,359,211 | ||||||
* | Gaumont SA | 10,715 | 1,344,183 | |||||
Gaztransport Et Technigaz SA | 144,469 | 10,790,891 | ||||||
# | GEA | 2,433 | 304,030 | |||||
#* | GL Events | 58,364 | 1,073,943 | |||||
Groupe Crit | 22,187 | 1,731,065 | ||||||
Groupe Gorge SA | 4,320 | 75,439 | ||||||
Groupe SFPI | 21,754 | 81,764 | ||||||
Guerbet | 41,260 | 2,014,702 | ||||||
* | Haulotte Group SA | 73,020 | 475,162 | |||||
HEXAOM | 15,908 | 836,417 | ||||||
* | ID Logistics Group | 14,908 | 4,773,023 | |||||
# | Imerys SA | 227,831 | 9,815,733 | |||||
Infotel SA | 637 | 36,637 | ||||||
#* | Innate Pharma SA | 15,558 | 96,939 | |||||
Ipsen SA | 3,455 | 329,227 | ||||||
IPSOS | 274,873 | 12,491,230 | ||||||
Jacquet Metals SACA | 89,804 | 2,269,966 | ||||||
* | JCDecaux SA | 213,046 | 5,641,678 | |||||
Kaufman & Broad SA | 123,945 | 5,158,757 | ||||||
Korian SA | 482,255 | 16,861,766 | ||||||
#* | Lagardere SA | 464,763 | 12,253,556 | |||||
Laurent-Perrier | 13,890 | 1,591,584 | ||||||
Lectra | 178,661 | 7,001,259 | ||||||
Linedata Services | 15,432 | 707,321 | ||||||
LISI | 117,088 | 3,472,605 | ||||||
LNA Sante SA | 33,206 | 1,956,408 | ||||||
Maisons du Monde SA | 289,712 | 5,840,736 | ||||||
Manitou BF SA | 68,399 | 2,288,035 | ||||||
Manutan International | 15,102 | 1,309,759 | ||||||
Mersen SA | 120,717 | 4,447,710 | ||||||
#* | METabolic EXplorer SA | 106,000 | 610,449 | |||||
Metropole Television SA | 242,637 | 5,040,492 | ||||||
* | Neoen SA | 81,146 | 3,269,950 | |||||
Nexans SA | 205,516 | 19,163,118 | ||||||
Nexity SA | 321,160 | 15,271,806 | ||||||
#* | Nicox | 145,865 | 529,861 | |||||
NRJ Group | 87,189 | 607,523 | ||||||
#* | Oeneo SA | 128,172 | 1,979,099 | |||||
* | OL Groupe SA | 10,735 | 27,623 | |||||
#* | Onxeo SA | 88,887 | 56,644 | |||||
#* | Onxeo SA | 48,958 | 31,251 | |||||
Orpea SA | 31,850 | 3,703,233 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
FRANCE (Continued) |
| |||||||
Pharmagest Interactive | 5,798 | $ | 641,218 | |||||
Plastiques Du Val De Loire | 14,341 | 92,884 | ||||||
Quadient SA | 230,989 | 5,549,530 | ||||||
#* | Rallye SA | 36,059 | 243,104 | |||||
#* | Recylex SA | 102,008 | 40,943 | |||||
Rexel SA | 2,125,412 | 40,952,663 | ||||||
Robertet SA | 2,898 | 3,334,144 | ||||||
Rothschild & Co. | 127,757 | 5,526,324 | ||||||
Rubis SCA | 583,068 | 20,156,439 | ||||||
Samse SA | 7,930 | 1,866,004 | ||||||
Savencia SA | 35,032 | 2,543,926 | ||||||
SCOR SE | 499,831 | 14,393,067 | ||||||
Seche Environnement SA | 19,104 | 1,452,053 | ||||||
SES SA, Class A | 1,357,497 | 12,103,696 | ||||||
* | SMCP SA | 10,721 | 84,692 | |||||
# | Societe BIC SA | 178,321 | 10,502,285 | |||||
* | Societe des Bains de Mer et du Cercle des Etrangers a Monaco | 42,758 | 3,463,828 | |||||
Societe Marseillaise du Tunnel Prado-Carenage SA | 5,211 | 134,665 | ||||||
Societe pour lInformatique Industrielle | 45,429 | 1,973,852 | ||||||
* | SOITEC | 131,228 | 28,367,139 | |||||
#* | Solocal Group | 681,417 | 1,371,675 | |||||
Somfy SA | 88,911 | 16,062,752 | ||||||
Sopra Steria Group SACA | 115,347 | 21,370,536 | ||||||
# | SPIE SA | 867,257 | 19,629,706 | |||||
#* | SRP Groupe SA | 56,827 | 167,803 | |||||
Stef SA | 25,714 | 2,906,631 | ||||||
Sword Group | 35,678 | 1,649,854 | ||||||
Synergie SE | 67,143 | 2,999,914 | ||||||
* | Technip Energies NV | 74,029 | 1,160,805 | |||||
Television Francaise 1 | 427,799 | 4,193,741 | ||||||
# | TFF Group | 9,347 | 271,090 | |||||
Thermador Groupe | 37,127 | 3,919,574 | ||||||
Tikehau Capital SCA | 18,672 | 560,022 | ||||||
Total Gabon | 3,969 | 615,936 | ||||||
Trigano SA | 59,000 | 11,061,896 | ||||||
#* | Ubisoft Entertainment SA | 71,293 | 4,269,183 | |||||
Union Financiere de France BQE SA | 18,515 | 356,593 | ||||||
Valeo | 332,642 | 9,283,323 | ||||||
* | Vallourec SA | 277,019 | 2,403,124 | |||||
Verallia SA | 73,323 | 2,524,960 | ||||||
* | Verimatrix SA | 6,175 | 9,328 | |||||
Vetoquinol SA | 16,919 | 2,531,766 | ||||||
Vicat SA | 136,962 | 6,088,916 | ||||||
VIEL & Cie SA | 156,945 | 1,061,192 | ||||||
Vilmorin & Cie SA | 35,845 | 2,124,417 | ||||||
Virbac SA | 25,125 | 10,774,264 | ||||||
* | Vranken-Pommery Monopole SA | 16,787 | 331,263 | |||||
Wavestone | 5,109 | 269,928 | ||||||
* | X-Fab Silicon Foundries SE | 65,667 | 624,089 | |||||
* | Xilam Animation S.A. | 415 | 19,212 | |||||
|
| |||||||
TOTAL FRANCE | 673,052,698 | |||||||
|
| |||||||
GERMANY (15.2%) |
| |||||||
1&1 AG | 227,982 | 7,166,736 | ||||||
7C Solarparken AG | 49,469 | 214,376 | ||||||
Aareal Bank AG | 522,360 | 14,485,143 | ||||||
Adesso SE | 2,705 | 548,867 | ||||||
#* | ADVA Optical Networking SE | 394,342 | 5,628,520 | |||||
AIXTRON SE | 735,123 | 18,277,089 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
GERMANY (Continued) |
| |||||||
All for One Group SE | 4,222 | $ | 331,217 | |||||
Allgeier SE | 48,818 | 1,340,064 | ||||||
Amadeus Fire AG | 3,558 | 734,899 | ||||||
Atoss Software AG | 11,177 | 2,320,472 | ||||||
Aurubis AG | 287,587 | 21,597,135 | ||||||
Basler AG | 33,961 | 5,675,216 | ||||||
#* | Bauer AG | 99,166 | 1,258,608 | |||||
BayWa AG | 105,190 | 4,430,386 | ||||||
BayWa AG | 124 | 6,536 | ||||||
Befesa SA | 25,814 | 1,963,251 | ||||||
Bertrandt AG | 38,682 | 2,243,915 | ||||||
# | bet-at-home.com AG | 22,014 | 602,970 | |||||
* | Bijou Brigitte AG | 23,422 | 639,987 | |||||
Bilfinger SE | 205,392 | 7,135,142 | ||||||
#* | Borussia Dortmund GmbH & Co., KGaA | 574,571 | 3,206,934 | |||||
CANCOM SE | 233,265 | 13,778,392 | ||||||
* | CECONOMY AG | 1,041,518 | 4,474,860 | |||||
CENIT AG | 54,144 | 874,593 | ||||||
Cewe Stiftung & Co., KGaA | 44,522 | 5,962,256 | ||||||
* | Commerzbank AG | 2,479,901 | 16,426,151 | |||||
CompuGroup Medical SE & Co., KgaA | 201,911 | 16,615,271 | ||||||
#* | Corestate Capital Holding SA | 81,658 | 1,075,937 | |||||
CropEnergies AG | 177,529 | 2,466,640 | ||||||
* | CTS Eventim AG & Co., KGaA | 53,210 | 4,003,514 | |||||
Data Modul AG Produktion Und Vertrieb Von Elektronischen Systemen | 11,455 | 775,003 | ||||||
Dermapharm Holding SE | 67,594 | 6,504,904 | ||||||
Deutsche Beteiligungs AG | 115,972 | 4,794,405 | ||||||
Deutsche EuroShop AG | 340,720 | 6,932,325 | ||||||
#* | Deutsche Lufthansa AG | 134,399 | 916,974 | |||||
Deutsche Pfandbriefbank AG | 1,147,060 | 12,912,850 | ||||||
* | Deutz AG | 1,082,957 | 9,361,089 | |||||
DIC Asset AG | 387,433 | 6,833,430 | ||||||
DMG Mori AG | 10,096 | 492,927 | ||||||
# | Dr Hoenle AG | 35,520 | 1,666,292 | |||||
Draegerwerk AG & Co., KGaA | 20,476 | 1,591,921 | ||||||
Duerr AG | 412,337 | 17,687,010 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG | 121,748 | 15,670,945 | ||||||
* | EDAG Engineering Group AG | 51,353 | 705,744 | |||||
Elmos Semiconductor SE | 1,926 | 98,060 | ||||||
* | ElringKlinger AG | 214,561 | 2,865,262 | |||||
# | Encavis AG | 292,489 | 5,097,218 | |||||
Energiekontor AG | 2,998 | 208,497 | ||||||
#* | Evotec SE | 81,829 | 3,880,083 | |||||
Fabasoft AG | 509 | 20,897 | ||||||
Fielmann AG | 130,460 | 8,676,601 | ||||||
First Sensor AG | 6,463 | 324,653 | ||||||
#* | flatexDEGIRO AG | 80,824 | 1,710,510 | |||||
* | Francotyp-Postalia Holding AG, Class A | 54,074 | 190,802 | |||||
* | Fraport AG Frankfurt Airport Services Worldwide | 107,116 | 7,416,158 | |||||
Freenet AG | 1,000,321 | 26,173,283 | ||||||
FUCHS PETROLUB SE | 110,216 | 4,022,174 | ||||||
GEA Group AG | 742,082 | 33,890,405 | ||||||
# | Gerresheimer AG | 261,448 | 25,581,811 | |||||
* | Gesco AG | 55,404 | 1,596,572 | |||||
GFT Technologies SE | 151,371 | 4,986,776 | ||||||
* | Global Fashion Group SA | 74,798 | 830,583 | |||||
Grand City Properties SA | 893,804 | 22,256,885 | ||||||
# | GRENKE AG | 1,476 | 63,123 | |||||
* | H&R GmbH & Co., KGaA | 71,674 | 776,865 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
GERMANY (Continued) |
| |||||||
Hamburger Hafen und Logistik AG | 191,371 | $ | 4,294,083 | |||||
Hawesko Holding AG | 313 | 19,558 | ||||||
* | Heidelberger Druckmaschinen AG | 1,571,322 | 3,568,173 | |||||
* | Hella GmbH & Co., KGaA | 208,802 | 14,540,510 | |||||
* | Highlight Communications AG | 98,406 | 446,263 | |||||
# | Hochtief AG | 8,678 | 691,867 | |||||
* | HolidayCheck Group AG | 329,555 | 1,029,975 | |||||
#* | Home24 SE | 9,774 | 160,692 | |||||
Hornbach Baumarkt AG | 65,501 | 2,960,778 | ||||||
Hornbach Holding AG & Co., KGaA | 47,998 | 6,223,402 | ||||||
Hugo Boss AG | 459,212 | 27,506,905 | ||||||
* | Hypoport SE | 5,492 | 3,684,438 | |||||
Indus Holding AG | 137,359 | 5,277,881 | ||||||
Instone Real Estate Group AG | 36,903 | 1,052,066 | ||||||
IVU Traffic Technologies AG | 62,950 | 1,393,252 | ||||||
Jenoptik AG | 408,043 | 13,751,065 | ||||||
JOST Werke AG | 7,084 | 401,590 | ||||||
* | K+S AG | 1,479,794 | 23,735,819 | |||||
* | Kloeckner & Co. SE | 529,174 | 6,585,900 | |||||
* | Koenig & Bauer AG | 96,921 | 2,959,130 | |||||
Krones AG | 114,103 | 11,134,766 | ||||||
KSB SE & Co., KGaA | 3,293 | 1,658,234 | ||||||
KWS Saat SE & Co., KGaA | 81,056 | 6,472,065 | ||||||
Lanxess AG | 599,001 | 40,483,107 | ||||||
Leifheit AG | 60,643 | 2,440,480 | ||||||
* | Leoni AG | 208,575 | 3,272,684 | |||||
# | LPKF Laser & Electronics AG | 81,372 | 1,848,014 | |||||
#* | Manz AG | 28,275 | 1,591,893 | |||||
* | Mediclin AG | 86,554 | 398,530 | |||||
* | Medigene AG | 116,971 | 515,797 | |||||
* | Medios AG | 972 | 41,280 | |||||
METRO AG | 588,463 | 7,634,931 | ||||||
MLP SE | 419,911 | 3,481,701 | ||||||
* | MorphoSys AG | 86,544 | 4,096,643 | |||||
* | Multitude SE | 39,731 | 232,148 | |||||
#* | Nagarro SE | 54,288 | 9,494,648 | |||||
New Work SE | 20,199 | 4,945,853 | ||||||
Nexus AG | 91,911 | 7,609,133 | ||||||
#* | Nordex SE | 677,955 | 11,381,547 | |||||
Norma Group SE | 234,408 | 9,865,195 | ||||||
OHB SE | 37,995 | 1,678,912 | ||||||
* | Patrizia AG | 351,407 | 9,273,550 | |||||
Pfeiffer Vacuum Technology AG | 48,041 | 10,238,846 | ||||||
# | PNE AG | 491,579 | 4,255,561 | |||||
* | Progress-Werk Oberkirch AG | 8,558 | 282,729 | |||||
# | ProSiebenSat.1 Media SE | 1,367,606 | 24,986,538 | |||||
PSI Software AG | 58,966 | 2,554,815 | ||||||
* | PVA TePla AG | 43,814 | 1,903,987 | |||||
* | q.beyond AG | 773,954 | 1,797,443 | |||||
* | R Stahl AG | 14,952 | 378,428 | |||||
Rheinmetall AG | 309,902 | 30,270,710 | ||||||
# | S&T AG | 348,684 | 9,061,420 | |||||
* | SAF-Holland SE | 338,167 | 4,556,993 | |||||
* | Salzgitter AG | 298,078 | 9,985,437 | |||||
* | Schaltbau Holding AG | 40,754 | 2,525,534 | |||||
Schloss Wachenheim AG | 6,929 | 153,444 | ||||||
Scout24 AG | 69,774 | 4,832,725 | ||||||
Secunet Security Networks AG | 7,726 | 3,845,263 | ||||||
#* | SGL Carbon SE | 363,311 | 3,938,009 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
GERMANY (Continued) |
| |||||||
# | Siltronic AG | 146,283 | $ | 23,067,890 | ||||
* | Sixt SE | 98,740 | 15,043,200 | |||||
# | SMA Solar Technology AG | 85,699 | 3,666,073 | |||||
#* | SNP Schneider-Neureither & Partner SE | 3,170 | 193,434 | |||||
Softing AG | 14,914 | 106,637 | ||||||
# | Software AG | 375,611 | 17,457,634 | |||||
Stabilus SA | 176,786 | 12,344,391 | ||||||
STRATEC SE | 27,639 | 3,902,251 | ||||||
Stroeer SE & Co., KGaA | 198,823 | 16,374,045 | ||||||
Suedzucker AG | 537,567 | 8,617,054 | ||||||
* | SUESS MicroTec SE | 150,677 | 3,878,526 | |||||
Surteco Group SE | 47,139 | 2,019,932 | ||||||
TAG Immobilien AG | 1,033,296 | 30,211,841 | ||||||
Takkt AG | 236,391 | 3,736,334 | ||||||
* | TeamViewer AG | 199,231 | 5,828,616 | |||||
Technotrans SE | 46,673 | 1,495,471 | ||||||
* | thyssenkrupp AG | 1,038,807 | 10,927,094 | |||||
Traffic Systems SE | 36,351 | 1,889,658 | ||||||
United Internet AG | 4,025 | 155,701 | ||||||
#* | va-Q-tec AG | 2,370 | 79,358 | |||||
# | Varta AG | 24,311 | 3,258,028 | |||||
# | VERBIO Vereinigte BioEnergie AG | 173,398 | 11,390,269 | |||||
Vossloh AG | 69,710 | 3,713,413 | ||||||
Wacker Chemie AG | 59,024 | 10,979,418 | ||||||
Wacker Neuson SE | 229,920 | 6,628,924 | ||||||
Washtec AG | 79,231 | 4,979,071 | ||||||
* | Westwing Group AG | 40,129 | 1,503,141 | |||||
Wuestenrot & Wuerttembergische AG | 114,762 | 2,429,963 | ||||||
Zeal Network SE | 53,966 | 2,555,273 | ||||||
* | zooplus AG | 5,201 | 2,924,176 | |||||
|
| |||||||
TOTAL GERMANY | 989,757,270 | |||||||
|
| |||||||
GREECE (0.0%) |
| |||||||
* | Alfa Alfa Energy SA | 3,810 | 0 | |||||
* | Babis Vovos International Construction SA | 21,073 | 0 | |||||
* | Neorion Holdings SA | 14,991 | 0 | |||||
|
| |||||||
IRELAND (1.0%) |
| |||||||
* | AIB Group P.L.C. | 828,430 | 2,254,955 | |||||
* | Bank of Ireland Group P.L.C. | 5,842,163 | 34,648,647 | |||||
Cairn Homes P.L.C. | 1,784,468 | 2,358,247 | ||||||
* | Dalata Hotel Group P.L.C. | 162,724 | 775,002 | |||||
* | Datalex P.L.C. | 123,079 | 102,025 | |||||
* | FBD Holdings P.L.C. | 125,459 | 1,136,713 | |||||
* | FBD Holdings P.L.C. | 17,353 | 154,921 | |||||
Glanbia P.L.C. | 406,515 | 6,723,852 | ||||||
Glanbia P.L.C. | 700,613 | 11,553,628 | ||||||
* | Glenveagh Properties P.L.C. | 612,227 | 786,162 | |||||
* | Irish Continental Group P.L.C. | 586,653 | 2,935,983 | |||||
* | Irish Continental Group P.L.C. | 234,200 | 1,164,809 | |||||
* | Permanent TSB Group Holdings P.L.C. | 252,400 | 426,936 | |||||
|
| |||||||
TOTAL IRELAND | 65,021,880 | |||||||
|
| |||||||
ISRAEL (3.3%) |
| |||||||
Adgar Investment and Development, Ltd. | 45,374 | 97,054 | ||||||
# | Afcon Holdings, Ltd. | 3,064 | 186,807 | |||||
* | AFI Properties, Ltd. | 109,219 | 5,658,785 | |||||
Africa Israel Residences, Ltd. | 3,453 | 182,634 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ISRAEL (Continued) |
| |||||||
* | Airport City, Ltd. | 282,306 | $ | 5,087,699 | ||||
Albaad Massuot Yitzhak, Ltd. | 2,031 | 29,073 | ||||||
* | Allot, Ltd. | 189,485 | 2,814,680 | |||||
#* | Alrov Properties and Lodgings, Ltd. | 49,832 | 2,358,611 | |||||
Arad, Ltd. | 19,614 | 288,224 | ||||||
Ashtrom Group, Ltd. | 196,526 | 4,522,643 | ||||||
# | Atreyu Capital Markets, Ltd. | 4,320 | 75,479 | |||||
AudioCodes, Ltd. | 30,337 | 982,520 | ||||||
AudioCodes, Ltd. | 2,698 | 87,793 | ||||||
Aura Investments, Ltd. | 27,798 | 32,930 | ||||||
* | Avgol Industries 1953, Ltd. | 468,925 | 373,648 | |||||
* | Azorim-Investment Development & Construction Co., Ltd. | 547,011 | 2,335,217 | |||||
#* | Bet Shemesh Engines Holdings 1997, Ltd. | 21,702 | 471,680 | |||||
Big Shopping Centers, Ltd. | 20,438 | 3,021,750 | ||||||
# | Blue Square Real Estate, Ltd. | 36,760 | 2,739,376 | |||||
#* | Brack Capital Properties NV | 18,347 | 1,975,437 | |||||
* | Brainsway, Ltd. | 17,217 | 69,878 | |||||
#* | Camtek, Ltd. | 115,637 | 4,798,654 | |||||
Carasso Motors, Ltd. | 132,164 | 704,269 | ||||||
* | Cellcom Israel, Ltd. | 495,333 | 1,721,347 | |||||
* | Ceragon Networks, Ltd. | 266,244 | 929,192 | |||||
* | Clal Insurance Enterprises Holdings, Ltd. | 315,219 | 6,714,837 | |||||
#* | Compugen, Ltd. | 120,052 | 708,607 | |||||
Danel Adir Yeoshua, Ltd. | 22,301 | 4,346,802 | ||||||
Delek Automotive Systems, Ltd. | 229,021 | 2,900,999 | ||||||
* | Delek Group, Ltd. | 25,212 | 1,783,375 | |||||
Delta-Galil Industries, Ltd. | 71,313 | 3,549,889 | ||||||
Dor Alon Energy in Israel 1988, Ltd. | 16,285 | 455,175 | ||||||
Duniec Brothers, Ltd. | 1,134 | 53,574 | ||||||
# | Electra Consumer Products 1970, Ltd. | 54,447 | 2,648,578 | |||||
# | Electra Real Estate, Ltd. | 35,266 | 524,702 | |||||
# | Electra, Ltd. | 11,665 | 7,326,020 | |||||
* | Ellomay Capital, Ltd. | 1,340 | 34,482 | |||||
# | Energix-Renewable Energies, Ltd. | 118,542 | 499,977 | |||||
#* | Enlight Renewable Energy, Ltd. | 2,852,397 | 6,170,063 | |||||
* | Equital, Ltd. | 117,510 | 3,309,624 | |||||
#* | Evogene, Ltd. | 31,584 | 83,303 | |||||
#* | Fattal Holdings 1998, Ltd. | 5,615 | 504,042 | |||||
FMS Enterprises Migun, Ltd. | 19,186 | 609,266 | ||||||
Formula Systems 1985, Ltd. | 63,135 | 6,159,006 | ||||||
Formula Systems 1985, Ltd., Sponsored ADR | 440 | 43,252 | ||||||
Fox Wizel, Ltd. | 58,988 | 7,407,501 | ||||||
# | Freshmarket, Ltd. | 9,726 | 40,197 | |||||
Gav-Yam Lands Corp., Ltd. | 670,458 | 6,823,041 | ||||||
# | Gilat Satellite Networks, Ltd. | 236,247 | 2,095,528 | |||||
# | Hadera Paper, Ltd. | 21,885 | 1,596,560 | |||||
Harel Insurance Investments & Financial Services, Ltd. | 700,275 | 7,222,310 | ||||||
# | Hilan, Ltd. | 102,277 | 5,748,456 | |||||
# | IDI Insurance Co., Ltd. | 45,880 | 1,602,417 | |||||
IES Holdings, Ltd. | 322 | 26,555 | ||||||
Ilex Medical, Ltd. | 1,832 | 65,883 | ||||||
# | Inrom Construction Industries, Ltd. | 359,755 | 1,782,456 | |||||
Isracard, Ltd. | 44,630 | 185,721 | ||||||
Israel Canada T.R, Ltd. | 142,161 | 614,353 | ||||||
# | Israel Land DevelopmentUrban Renewal, Ltd. | 51,738 | 638,818 | |||||
Isras Investment Co., Ltd. | 5,793 | 1,305,680 | ||||||
#* | Issta Lines, Ltd. | 13,336 | 273,884 | |||||
#* | Itamar Medical, Ltd. | 16,668 | 16,799 | |||||
#* | Kamada, Ltd. | 212,977 | 1,127,307 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ISRAEL (Continued) |
| |||||||
# | Kenon Holdings, Ltd. | 129,038 | $ | 5,319,798 | ||||
Kerur Holdings, Ltd. | 32,654 | 945,766 | ||||||
Klil Industries, Ltd. | 5,696 | 515,849 | ||||||
M Yochananof & Sons, Ltd. | 735 | 52,893 | ||||||
Magic Software Enterprises, Ltd. | 134,651 | 2,662,829 | ||||||
MalamTeam, Ltd. | 7,935 | 257,955 | ||||||
Matrix IT, Ltd. | 230,989 | 6,150,289 | ||||||
Maytronics, Ltd. | 201,688 | 4,749,570 | ||||||
# | Mediterranean Towers, Ltd. | 434,044 | 1,339,035 | |||||
Mega Or Holdings, Ltd. | 82,181 | 3,049,536 | ||||||
* | Mehadrin, Ltd. | 1,666 | 74,496 | |||||
Meitav Dash Investments, Ltd. | 132,413 | 649,872 | ||||||
Menora Mivtachim Holdings, Ltd. | 183,161 | 3,777,475 | ||||||
#* | Migdal Insurance & Financial Holdings, Ltd. | 2,632,241 | 3,853,242 | |||||
Mivne Real Estate KD, Ltd. | 293,458 | 1,030,213 | ||||||
# | Mivtach Shamir Holdings, Ltd. | 27,751 | 898,565 | |||||
Mizrahi Tefahot Bank, Ltd. | 1 | 35 | ||||||
* | Naphtha Israel Petroleum Corp., Ltd. | 244,337 | 1,180,093 | |||||
# | Nawi Brothers, Ltd. | 120,452 | 979,498 | |||||
* | Neto Malinda Trading, Ltd. | 541 | 14,520 | |||||
Neto ME Holdings, Ltd. | 9,852 | 464,544 | ||||||
* | Nova, Ltd. | 115,277 | 11,518,985 | |||||
Novolog, Ltd. | 77,254 | 69,828 | ||||||
NR Spuntech Industries, Ltd. | 76,176 | 202,495 | ||||||
#* | Oil Refineries, Ltd. | 11,639,672 | 2,623,747 | |||||
# | One Software Technologies, Ltd. | 36,860 | 593,431 | |||||
#* | OPC Energy, Ltd. | 91,887 | 837,011 | |||||
* | Partner Communications Co., Ltd. | 814,741 | 3,776,487 | |||||
#* | Paz Oil Co., Ltd. | 60,167 | 6,533,606 | |||||
* | Perion Network, Ltd. | 64,884 | 1,132,264 | |||||
Plasson Industries, Ltd. | 20,201 | 1,422,994 | ||||||
* | Pluristem Therapeutics, Inc. | 3,536 | 9,343 | |||||
Prashkovsky Investments and Construction, Ltd. | 1,390 | 40,886 | ||||||
Priortech, Ltd. | 1,827 | 58,986 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 52,258 | 3,751,220 | ||||||
Scope Metals Group, Ltd. | 47,147 | 2,089,496 | ||||||
* | Shikun & Binui, Ltd. | 2,859 | 16,785 | |||||
Shufersal, Ltd. | 357,919 | 2,901,141 | ||||||
* | Summit Real Estate Holdings, Ltd. | 215,385 | 3,766,397 | |||||
Suny Cellular Communication, Ltd. | 312,529 | 136,652 | ||||||
Tadiran Group, Ltd. | 16,403 | 1,987,572 | ||||||
Tel Aviv Stock Exchange, Ltd. | 4,097 | 21,709 | ||||||
* | Tera Light, Ltd. | 183,161 | 568,694 | |||||
Tiv Taam Holdings 1, Ltd. | 5,700 | 16,078 | ||||||
Victory Supermarket Chain, Ltd. | 2,032 | 42,323 | ||||||
YH Dimri Construction & Development, Ltd. | 13,830 | 986,671 | ||||||
|
| |||||||
TOTAL ISRAEL | 211,615,293 | |||||||
|
| |||||||
ITALY (8.3%) |
| |||||||
A2A SpA | 11,675,870 | 23,925,460 | ||||||
ACEA SpA | 379,596 | 8,104,195 | ||||||
* | Aeffe SpA | 177,250 | 406,681 | |||||
Anima Holding SpA | 2,277,622 | 10,852,845 | ||||||
* | Aquafil SpA | 83,333 | 687,500 | |||||
* | Arnoldo Mondadori Editore SpA | 1,021,167 | 2,135,025 | |||||
Ascopiave SpA | 477,634 | 1,918,045 | ||||||
* | Autogrill SpA | 137,644 | 1,115,063 | |||||
Autostrade Meridionali SpA | 3,917 | 127,561 | ||||||
Avio SpA | 110,432 | 1,389,094 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ITALY (Continued) |
| |||||||
Azimut Holding SpA | 906,940 | $ | 24,844,265 | |||||
B&C Speakers SpA | 2,122 | 26,550 | ||||||
* | Banca Carige SpA | 1,188 | 920 | |||||
#* | Banca Generali SpA | 479,643 | 20,963,009 | |||||
Banca IFIS SpA | 199,846 | 3,849,965 | ||||||
Banca Mediolanum SpA | 433,126 | 4,663,939 | ||||||
#* | Banca Monte dei Paschi di Siena SpA | 213,039 | 265,649 | |||||
Banca Popolare di Sondrio SCPA | 3,142,117 | 13,349,123 | ||||||
# | Banca Profilo SpA | 1,711,765 | 403,471 | |||||
#* | Banca Sistema SpA | 414,926 | 1,086,420 | |||||
# | Banco BPM SpA | 12,107,842 | 37,882,404 | |||||
Banco di Desio e della Brianza SpA | 241,954 | 896,700 | ||||||
Be Shaping The Future SpA | 533,191 | 1,345,619 | ||||||
BFF Bank SpA | 995,372 | 9,647,953 | ||||||
* | Biesse SpA | 1,109 | 34,536 | |||||
BPER Banca | 7,710,672 | 17,164,696 | ||||||
Brembo SpA | 647,157 | 8,153,467 | ||||||
* | Brunello Cucinelli SpA | 251,935 | 13,817,898 | |||||
Buzzi Unicem SpA | 667,360 | 15,158,628 | ||||||
Cairo Communication SpA | 494,289 | 980,210 | ||||||
Carel Industries SpA | 16,045 | 436,389 | ||||||
Cementir Holding NV | 355,007 | 3,439,341 | ||||||
* | CIR SpA-Compagnie Industriali | 2,080,413 | 1,166,303 | |||||
Credito Emiliano SpA | 610,826 | 4,260,324 | ||||||
#* | dAmico International Shipping SA | 1,821,713 | 208,853 | |||||
Danieli & C Officine Meccaniche SpA | 54,367 | 1,035,602 | ||||||
# | Danieli & C Officine Meccaniche SpA | 102,606 | 2,950,076 | |||||
De Longhi SpA | 398,689 | 14,314,582 | ||||||
DeA Capital SpA | 690,835 | 1,017,914 | ||||||
Digital Bros SpA | 24,268 | 931,050 | ||||||
doValue SpA | 16,231 | 187,310 | ||||||
* | Elica SpA | 166,709 | 656,723 | |||||
Emak SpA | 500,373 | 1,007,975 | ||||||
* | Enav SpA | 117,855 | 550,262 | |||||
ERG SpA | 394,701 | 11,717,164 | ||||||
Esprinet SpA | 276,233 | 3,606,998 | ||||||
* | Eurotech SpA | 216,751 | 1,257,365 | |||||
Fila SpA | 142,640 | 1,590,937 | ||||||
#* | Fincantieri SpA | 3,504,948 | 2,878,160 | |||||
#* | Finmatica SpA | 5,960 | 0 | |||||
* | FNM SpA | 1,412,345 | 1,033,945 | |||||
Gefran SpA | 35,925 | 413,118 | ||||||
#* | Geox SpA | 455,074 | 556,560 | |||||
Gruppo MutuiOnline SpA | 171,531 | 8,466,593 | ||||||
Hera SpA | 5,595,298 | 22,812,153 | ||||||
* | Illimity Bank SpA | 104,488 | 1,644,315 | |||||
* | IMMSI SpA | 1,158,552 | 653,660 | |||||
#* | Intek Group SpA | 1,885,608 | 746,630 | |||||
Interpump Group SpA | 73,726 | 4,751,577 | ||||||
Iren SpA | 4,716,132 | 13,977,985 | ||||||
Italgas SpA | 3,748,763 | 23,970,416 | ||||||
Italmobiliare SpA | 76,857 | 2,631,946 | ||||||
* | IVS Group SA | 58,424 | 413,419 | |||||
#* | Juventus Football Club SpA | 2,997,765 | 2,503,554 | |||||
La Doria SpA | 97,056 | 1,889,115 | ||||||
* | Leonardo SpA | 1,656,501 | 13,547,119 | |||||
LU-VE SpA | 5,064 | 126,480 | ||||||
Maire Tecnimont SpA | 1,069,316 | 4,144,313 | ||||||
#* | Mariella Burani Fashion Group S.p.A. | 22,744 | 0 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ITALY (Continued) |
| |||||||
Openjobmetis SpA agenzia per il lavoro | 63,025 | $ | 874,311 | |||||
* | OVS SpA | 1,444,455 | 3,815,904 | |||||
Pharmanutra SpA | 700 | 50,470 | ||||||
Piaggio & C SpA | 1,284,185 | 4,432,422 | ||||||
Pirelli & C SpA | 2,639,922 | 15,444,255 | ||||||
#* | Prima Industrie SpA | 32,067 | 673,641 | |||||
RAI Way SpA | 594,805 | 3,594,669 | ||||||
Reno de Medici SpA | 1,284,142 | 2,137,862 | ||||||
Reply SpA | 148,015 | 27,169,619 | ||||||
Rizzoli Corriere Della Sera Mediagroup SpA | 956,821 | 749,251 | ||||||
Sabaf SpA | 60,619 | 1,467,063 | ||||||
SAES Getters SpA | 900 | 24,631 | ||||||
* | Safilo Group SpA | 26,144 | 43,528 | |||||
#* | Saipem SpA | 3,496,778 | 8,580,794 | |||||
* | Salvatore Ferragamo SpA | 120,462 | 2,456,910 | |||||
* | Saras SpA | 4,362,851 | 4,235,518 | |||||
* | Servizi Italia SpA | 50,192 | 123,205 | |||||
Sesa SpA | 55,101 | 9,915,372 | ||||||
* | Societa Cattolica Di Assicurazione SpA | 787,824 | 6,423,342 | |||||
#* | Sogefi SpA | 411,547 | 615,308 | |||||
SOL SpA | 184,054 | 4,035,557 | ||||||
Tamburi Investment Partners SpA | 853,347 | 9,029,462 | ||||||
Technogym SpA | 803,681 | 8,977,114 | ||||||
Tinexta S.p.A. | 133,397 | 5,563,705 | ||||||
#* | Tiscali SpA | 2,577,711 | 57,744 | |||||
* | Tods SpA | 77,308 | 4,094,970 | |||||
TXT e-solutions SpA | 61,268 | 618,522 | ||||||
# | Unieuro SpA | 149,908 | 3,272,566 | |||||
Unipol Gruppo SpA | 3,525,971 | 20,492,105 | ||||||
UnipolSai Assicurazioni SpA | 69,983 | 196,211 | ||||||
Webuild SpA | 1,282,257 | 3,252,356 | ||||||
Wiit SpA | 2,125 | 60,000 | ||||||
Zignago Vetro SpA | 181,037 | 3,571,392 | ||||||
|
| |||||||
TOTAL ITALY | 538,742,896 | |||||||
|
| |||||||
NETHERLANDS (7.1%) |
| |||||||
Aalberts NV | 712,877 | 41,147,905 | ||||||
* | Accell Group NV | 156,263 | 6,940,746 | |||||
* | AFC Ajax NV | 13,955 | 248,163 | |||||
# | AMG Advanced Metallurgical Group NV | 191,502 | 6,198,719 | |||||
* | Amsterdam Commodities NV | 32,033 | 871,882 | |||||
APERAM SA | 368,203 | 20,412,417 | ||||||
Arcadis NV | 543,636 | 27,153,408 | ||||||
ASR Nederland NV | 930,918 | 42,585,168 | ||||||
* | Avantium N.V. | 1,640 | 7,020 | |||||
B&S Group Sarl | 1,733 | 16,100 | ||||||
#* | Basic-Fit NV | 252,318 | 11,573,156 | |||||
BE Semiconductor Industries NV | 464,004 | 36,914,083 | ||||||
* | Beter Bed Holding NV | 27,380 | 169,508 | |||||
Boskalis Westminster | 608,352 | 18,519,015 | ||||||
Brunel International NV | 155,477 | 1,825,353 | ||||||
Corbion NV | 409,080 | 19,765,010 | ||||||
Flow Traders | 248,665 | 9,605,101 | ||||||
ForFarmers NV | 214,677 | 1,075,710 | ||||||
#* | Fugro NV | 492,784 | 5,165,008 | |||||
* | GrandVision NV | 173,216 | 5,689,313 | |||||
Heijmans NV | 156,398 | 2,159,725 | ||||||
* | Hunter Douglas NV | 21,457 | 2,437,048 | |||||
IMCD NV | 226,957 | 43,435,030 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
NETHERLANDS (Continued) |
| |||||||
* | Intertrust NV | 472,154 | $ | 7,071,470 | ||||
Kendrion NV | 97,269 | 2,428,513 | ||||||
* | Koninklijke BAM Groep NV | 1,890,164 | 6,012,071 | |||||
Koninklijke Vopak NV | 234,549 | 9,241,805 | ||||||
#* | Lucas Bols NV | 23,064 | 271,828 | |||||
Mediaset NV | 3,564,565 | 10,193,193 | ||||||
Nedap NV | 33,400 | 2,264,877 | ||||||
* | OCI NV | 476,844 | 14,087,641 | |||||
Ordina NV | 637,656 | 2,436,692 | ||||||
#* | Pharming Group NV | 273,983 | 258,379 | |||||
# | PostNL NV | 3,733,258 | 18,013,134 | |||||
SBM Offshore NV | 1,178,894 | 21,017,503 | ||||||
# | SIF Holding NV | 34,182 | 577,986 | |||||
Signify NV | 673,043 | 33,690,259 | ||||||
* | Sligro Food Group NV | 166,461 | 4,541,989 | |||||
#* | SNS NV | 705,718 | 0 | |||||
# | TKH Group NV | 275,251 | 15,412,418 | |||||
#* | TomTom NV | 483,754 | 3,832,909 | |||||
Van Lanschot Kempen NV | 114,750 | 3,542,505 | ||||||
* | Vivoryon Therapeutics NV | 5,400 | 111,991 | |||||
|
| |||||||
TOTAL NETHERLANDS | 458,921,751 | |||||||
|
| |||||||
NORWAY (2.1%) |
| |||||||
2020 Bulkers, Ltd. | 3,024 | 46,155 | ||||||
ABG Sundal Collier Holding ASA | 2,446,501 | 2,576,960 | ||||||
AF Gruppen ASA | 19,018 | 401,787 | ||||||
* | Akastor ASA | 781,213 | 534,136 | |||||
#* | Aker Solutions ASA | 1,647,107 | 3,628,809 | |||||
American Shipping Co. ASA | 236,690 | 855,077 | ||||||
* | ArcticZymes Technologies ASA | 37,345 | 370,655 | |||||
# | Arendals Fossekompani A.S. | 2,250 | 79,636 | |||||
#* | Asetek A.S. | 19,672 | 71,449 | |||||
Atea ASA | 370,450 | 6,377,853 | ||||||
#* | Atlantic Sapphire ASA | 54,886 | 216,935 | |||||
Avance Gas Holding, Ltd. | 393,737 | 1,915,876 | ||||||
#* | Axactor SE | 946,461 | 1,006,279 | |||||
* | B2Holding ASA | 1,390,160 | 1,617,605 | |||||
Bank Norwegian ASA | 672,342 | 8,020,400 | ||||||
Bonheur ASA | 146,347 | 5,069,117 | ||||||
#* | Borr Drilling, Ltd. | 65,386 | 55,061 | |||||
Borregaard ASA | 558,307 | 13,543,316 | ||||||
Bouvet ASA | 19,729 | 133,237 | ||||||
#* | BW Energy, Ltd. | 232,103 | 738,967 | |||||
BW LPG, Ltd. | 662,186 | 3,600,053 | ||||||
BW Offshore, Ltd. | 759,145 | 2,445,177 | ||||||
* | Crayon Group Holding ASA | 90,563 | 1,696,962 | |||||
* | DNO ASA | 3,329,878 | 3,780,205 | |||||
Europris ASA | 1,186,781 | 7,858,528 | ||||||
Fjordkraft Holding ASA | 45,087 | 249,886 | ||||||
FLEX LNG, Ltd. | 200,332 | 3,562,903 | ||||||
# | Frontline, Ltd. | 582,643 | 5,293,971 | |||||
Golden Ocean Group, Ltd. | 274,826 | 2,875,090 | ||||||
#* | Grieg Seafood ASA | 346,230 | 3,237,485 | |||||
* | Hexagon Composites ASA | 640,597 | 2,251,468 | |||||
#* | IDEX Biometrics ASA | 560,544 | 153,498 | |||||
Kid ASA | 12,008 | 155,315 | ||||||
Kitron ASA | 124,865 | 258,825 | ||||||
Komplett Bank ASA | 33,724 | 32,415 | ||||||
#* | Kongsberg Automotive ASA | 3,963,421 | 1,091,864 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
NORWAY (Continued) |
| |||||||
* | Magnora ASA | 5,528 | $ | 11,262 | ||||
Medistim ASA | 255 | 9,429 | ||||||
* | MPC Container Ships A/S | 920,394 | 2,171,766 | |||||
* | Next Biometrics Group A.S. | 125,389 | 100,033 | |||||
#* | Nordic Nanovector ASA | 361,611 | 980,134 | |||||
* | Nordic Semiconductor ASA | 219,085 | 6,517,283 | |||||
Norske Skog ASA | 19,062 | 80,416 | ||||||
Norway Royal Salmon ASA | 93,951 | 1,919,059 | ||||||
* | Norwegian Energy Co. ASA | 2,292 | 39,641 | |||||
* | NRC Group ASA | 6,559 | 12,424 | |||||
# | Ocean Yield ASA | 367,917 | 1,721,062 | |||||
#* | Odfjell Drilling, Ltd. | 586,600 | 1,313,930 | |||||
* | Odfjell SE, Class A | 137,586 | 455,997 | |||||
Olav Thon Eiendomsselskap ASA | 102,815 | 2,176,634 | ||||||
#* | Otello Corp. ASA | 571,363 | 1,984,711 | |||||
Pareto Bank ASA | 14,702 | 91,076 | ||||||
* | PCI Biotech Holding ASA | 15,812 | 30,951 | |||||
#* | PGS ASA | 1,907,777 | 1,194,046 | |||||
* | PhotoCure ASA | 5,202 | 60,712 | |||||
#* | poLight ASA | 920 | 11,816 | |||||
Protector Forsikring ASA | 438,078 | 4,398,487 | ||||||
* | Q-Free ASA | 32,883 | 35,314 | |||||
#* | REC Silicon ASA | 1,473,908 | 2,204,128 | |||||
* | SATS ASA | 14,064 | 33,942 | |||||
Sbanken ASA | 486,979 | 5,608,605 | ||||||
Selvaag Bolig ASA | 309,083 | 1,924,276 | ||||||
#* | Solon Eiendom ASA | 53,023 | 230,485 | |||||
Sparebank 1 Oestlandet | 6,673 | 98,703 | ||||||
SpareBank 1 SR-Bank ASA | 2,742 | 38,005 | ||||||
Stolt-Nielsen, Ltd. | 195,297 | 2,735,183 | ||||||
TGS ASA | 232,098 | 2,455,040 | ||||||
Treasure ASA | 314,079 | 549,808 | ||||||
* | Ultimovacs ASA | 10,013 | 166,350 | |||||
Veidekke ASA | 640,408 | 7,828,580 | ||||||
#* | Volue ASA | 224 | 1,234 | |||||
* | Wallenius Wilhelmsen ASA | 412,785 | 1,538,152 | |||||
Wilh Wilhelmsen Holding ASA, Class A | 68,304 | 1,365,448 | ||||||
# | XXL ASA | 760,499 | 1,428,295 | |||||
|
| |||||||
TOTAL NORWAY | 139,325,372 | |||||||
|
| |||||||
PORTUGAL (0.8%) |
| |||||||
Altri SGPS SA | 537,332 | 3,334,437 | ||||||
#* | Banco Comercial Portugues SA, Class R | 47,085,514 | 8,548,344 | |||||
* | Banco Espirito Santo SA | 4,777,921 | 0 | |||||
Corticeira Amorim SGPS SA | 87,187 | 1,192,544 | ||||||
# | CTT-Correios de Portugal SA | 722,501 | 3,893,590 | |||||
* | Greenvolt-Energias Renovaveis SA | 9,769 | 67,443 | |||||
* | Ibersol SGPS SA | 40,114 | 268,646 | |||||
#* | Mota-Engil SGPS SA | 641,747 | 1,019,022 | |||||
# | Navigator Co. SA (The) | 1,912,042 | 6,727,948 | |||||
NOS SGPS SA | 1,736,593 | 6,996,583 | ||||||
#* | Novabase SGPS SA | 72,649 | 395,817 | |||||
RENRedes Energeticas Nacionais SGPS SA | 3,091,423 | 9,136,771 | ||||||
Sonae SGPS SA | 7,021,578 | 7,401,426 | ||||||
|
| |||||||
TOTAL PORTUGAL | 48,982,571 | |||||||
|
| |||||||
SPAIN (5.2%) |
| |||||||
Acciona SA | 85,202 | 14,164,303 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SPAIN (Continued) |
| |||||||
Acerinox SA | 1,221,481 | $ | 15,655,817 | |||||
#* | Adveo Group International SA | 84,445 | 0 | |||||
Aedas Homes SA | 19,551 | 568,411 | ||||||
Alantra Partners SA | 70,405 | 1,294,424 | ||||||
Almirall SA | 496,655 | 7,877,823 | ||||||
#* | Amper SA | 5,658,796 | 1,208,822 | |||||
Applus Services SA | 915,379 | 8,717,573 | ||||||
* | Atresmedia Corp. de Medios de Comunicacion SA | 541,919 | 2,322,527 | |||||
# | Azkoyen SA | 67,253 | 459,929 | |||||
* | Banco de Sabadell SA | 35,250,223 | 29,468,317 | |||||
# | Bankinter SA | 4,194,583 | 24,543,085 | |||||
#* | Caja de Ahorros del Mediterraneo | 116,412 | 0 | |||||
Cia de Distribucion Integral Logista Holdings SA | 384,094 | 8,077,593 | ||||||
CIE Automotive SA | 401,403 | 10,121,411 | ||||||
* | Construcciones y Auxiliar de Ferrocarriles SA | 130,686 | 5,452,482 | |||||
#* | Deoleo SA | 37,749 | 14,726 | |||||
* | Distribuidora Internacional de Alimentacion SA | 3,729,910 | 63,456 | |||||
# | Ebro Foods SA | 529,626 | 10,111,209 | |||||
* | eDreams ODIGEO SA | 427,530 | 3,731,256 | |||||
Elecnor SA | 200,108 | 2,246,593 | ||||||
# | Enagas SA | 955,216 | 21,228,845 | |||||
* | Ence Energia y Celulosa SA | 988,129 | 2,726,347 | |||||
* | Ercros SA | 643,000 | 2,633,121 | |||||
Faes Farma SA | 2,022,017 | 7,928,086 | ||||||
Fluidra SA | 324,873 | 12,878,842 | ||||||
Fomento de Construcciones y Contratas SA | 361,953 | 4,388,398 | ||||||
* | Gestamp Automocion SA | 598,439 | 2,321,525 | |||||
Global Dominion Access SA | 695,411 | 3,527,594 | ||||||
Grupo Catalana Occidente SA | 271,573 | 9,921,112 | ||||||
Grupo Empresarial San Jose SA | 151,317 | 856,075 | ||||||
#* | Grupo Ezentis SA | 1,629,459 | 612,934 | |||||
Iberpapel Gestion SA | 47,911 | 1,033,612 | ||||||
* | Indra Sistemas SA | 957,080 | 10,251,934 | |||||
# | Laboratorio Reig Jofre SA | 14,659 | 77,114 | |||||
Laboratorios Farmaceuticos Rovi SA | 100,915 | 6,602,091 | ||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 3,802,314 | 7,498,993 | ||||||
Mapfre SA | 1,135,952 | 2,475,747 | ||||||
* | Mediaset Espana Comunicacion SA | 1,094,655 | 6,210,498 | |||||
#* | Melia Hotels International SA | 736,073 | 5,466,139 | |||||
Metrovacesa SA | 29,551 | 253,639 | ||||||
Miquel y Costas & Miquel SA | 142,055 | 2,785,882 | ||||||
Neinor Homes SA | 69,192 | 923,743 | ||||||
#* | Obrascon Huarte Lain SA | 1,213,629 | 878,309 | |||||
* | Oryzon Genomics SA | 35,547 | 125,543 | |||||
Pharma Mar SA | 32,993 | 2,838,072 | ||||||
Prim SA | 40,283 | 681,494 | ||||||
* | Promotora de Informaciones SA, Class A | 1,399,579 | 943,449 | |||||
Prosegur Cash SA | 158,555 | 127,199 | ||||||
Prosegur Cia de Seguridad SA | 1,593,388 | 4,749,441 | ||||||
* | Realia Business SA | 1,667,905 | 1,348,857 | |||||
Renta 4 Banco SA | 442 | 4,632 | ||||||
Sacyr SA | 3,029,915 | 7,445,709 | ||||||
* | Solaria Energia y Medio Ambiente SA | 435,695 | 6,882,494 | |||||
* | Solarpack Corp. Tecnologica SA | 3,377 | 102,906 | |||||
* | Talgo SA | 587,102 | 3,050,779 | |||||
#* | Tecnicas Reunidas SA | 188,993 | 1,786,913 | |||||
#* | Tubacex SA | 738,150 | 1,336,303 | |||||
#* | Tubos Reunidos SA | 34,204 | 15,103 | |||||
Unicaja Banco SA | 7,873,216 | 8,188,893 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SPAIN (Continued) |
| |||||||
Vidrala SA | 123,220 | $ | 13,422,173 | |||||
Viscofan SA | 290,403 | 19,016,404 | ||||||
* | Vocento SA | 352,577 | 432,172 | |||||
Zardoya Otis SA | 1,131,276 | 9,188,265 | ||||||
|
| |||||||
TOTAL SPAIN | 341,267,138 | |||||||
|
| |||||||
SWEDEN (8.5%) |
| |||||||
AcadeMedia AB | 437,894 | 2,994,764 | ||||||
AddLife AB, Class B | 251,737 | 9,206,917 | ||||||
AddNode Group AB, Class B | 87,776 | 3,469,244 | ||||||
AddTech AB, Class B | 415,897 | 7,378,958 | ||||||
AFRY AB | 346,624 | 10,554,886 | ||||||
Alimak Group AB | 254,539 | 3,824,743 | ||||||
Ambea AB | 160,078 | 1,171,590 | ||||||
* | Annehem Fastigheter AB, Class B | 126,142 | 504,700 | |||||
* | Arise AB | 70,657 | 289,904 | |||||
Arjo AB, Class B | 1,036,474 | 12,764,387 | ||||||
Atrium Ljungberg AB, Class B | 239,544 | 5,012,617 | ||||||
* | Attendo AB | 727,916 | 3,140,545 | |||||
* | Balco Group AB | 979 | 14,494 | |||||
Beijer Alma AB | 294,953 | 6,695,848 | ||||||
* | Beijer Electronics Group AB | 93,898 | 632,681 | |||||
Bergman & Beving AB | 193,579 | 3,270,389 | ||||||
Bergs Timber AB, Class B | 62,277 | 36,085 | ||||||
Besqab AB | 21,962 | 381,632 | ||||||
Betsson AB, Class B | 925,914 | 7,675,317 | ||||||
#* | Better Collective A.S. | 48,411 | 1,024,360 | |||||
* | BHG Group AB | 331,992 | 4,796,209 | |||||
Bilia AB, Class A | 620,818 | 11,203,718 | ||||||
BioGaia AB, Class B | 75,837 | 3,809,105 | ||||||
Biotage AB | 406,883 | 11,093,266 | ||||||
Bjorn Borg AB | 13,009 | 52,572 | ||||||
Bonava AB, Class B | 529,583 | 4,803,420 | ||||||
#* | Boozt AB | 221,669 | 3,651,514 | |||||
Bravida Holding AB | 749,559 | 10,116,532 | ||||||
Bufab AB | 215,726 | 7,692,448 | ||||||
Bulten AB | 115,761 | 1,110,155 | ||||||
Bure Equity AB | 362,388 | 14,977,997 | ||||||
Byggmax Group AB | 439,241 | 3,756,408 | ||||||
#* | Calliditas Therapeutics AB, Class B | 75,130 | 821,717 | |||||
Catella AB | 25,263 | 109,213 | ||||||
Catena AB | 164,697 | 8,900,596 | ||||||
#* | Catena Media P.L.C. | 295,951 | 2,000,046 | |||||
* | Cavotec SA | 79,682 | 201,914 | |||||
Cellavision AB | 16,989 | 758,790 | ||||||
# | Clas Ohlson AB, Class B | 214,483 | 2,203,522 | |||||
Cloetta AB, Class B | 1,692,578 | 5,228,109 | ||||||
* | Collector AB | 225,841 | 982,190 | |||||
Concentric AB | 354,479 | 6,687,142 | ||||||
# | Coor Service Management Holding AB | 314,448 | 2,969,836 | |||||
Corem Property Group AB, Class B | 4,350,002 | 11,498,653 | ||||||
Dios Fastigheter AB | 767,655 | 7,473,525 | ||||||
* | Doro AB | 155,569 | 1,118,592 | |||||
* | Duni AB | 215,342 | 2,490,186 | |||||
# | Dustin Group AB | 528,662 | 5,670,790 | |||||
Eastnine AB | 126,421 | 2,078,932 | ||||||
Elanders AB, Class B | 59,878 | 996,259 | ||||||
* | Electrolux Professional AB, Class B | 217,107 | 1,550,157 | |||||
* | Eltel AB | 206,068 | 430,322 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SWEDEN (Continued) |
| |||||||
* | Enea AB | 102,697 | $ | 2,475,801 | ||||
# | Eolus Vind AB, Class B | 35,068 | 622,103 | |||||
eWork Group AB | 32,666 | 413,589 | ||||||
Fagerhult AB | 300,931 | 2,296,031 | ||||||
FastPartner AB, Class A | 1,130 | 13,590 | ||||||
FastPartner AB, Class D | 35 | 324 | ||||||
# | Fenix Outdoor International AG | 19,605 | 3,262,522 | |||||
Ferronordic AB | 1,301 | 35,038 | ||||||
#* | Fingerprint Cards AB, Class B | 634,700 | 1,753,794 | |||||
# | G5 Entertainment AB | 34,532 | 1,563,817 | |||||
GARO AB | 1,190 | 25,344 | ||||||
GHP Specialty Care AB | 41,172 | 120,331 | ||||||
Granges AB | 815,935 | 9,801,150 | ||||||
* | Haldex AB | 331,448 | 1,751,351 | |||||
Heba Fastighets AB, Class B | 134,907 | 1,966,944 | ||||||
Hexatronic Group AB | 43,431 | 1,352,249 | ||||||
HMS Networks AB | 134,001 | 6,451,898 | ||||||
#* | Hoist Finance AB | 489,300 | 1,725,897 | |||||
* | Humana AB | 126,275 | 1,057,340 | |||||
* | IAR Systems Group AB | 1,213 | 13,832 | |||||
#* | Immunovia AB | 8,077 | 117,779 | |||||
Instalco AB | 79,528 | 3,636,412 | ||||||
* | International Petroleum Corp. | 94,018 | 477,419 | |||||
INVISIO AB | 555 | 11,001 | ||||||
Inwido AB | 457,409 | 7,615,350 | ||||||
JM AB | 481,244 | 17,010,440 | ||||||
* | John Mattson Fastighetsforetagen AB | 7,007 | 137,873 | |||||
Karnov Group AB | 26,847 | 163,082 | ||||||
* | Karo Pharma AB | 9,885 | 62,291 | |||||
* | K-fast Holding AB | 4,327 | 35,754 | |||||
Kindred Group P.L.C. | 763,082 | 11,443,179 | ||||||
KNOW IT AB | 200,212 | 8,054,844 | ||||||
Kungsleden AB | 1,416,636 | 18,666,834 | ||||||
Lagercrantz Group AB, Class B | 1,394,622 | 16,690,450 | ||||||
LeoVegas AB | 497,758 | 1,936,112 | ||||||
Lime Technologies AB | 8,592 | 334,366 | ||||||
Lindab International AB | 596,103 | 15,139,954 | ||||||
Loomis AB, Class B | 363,693 | 9,855,412 | ||||||
* | Medcap AB | 4,211 | 91,772 | |||||
* | Mekonomen AB | 304,570 | 5,421,121 | |||||
# | Midsona AB, Class B | 8,545 | 58,287 | |||||
MIPS AB | 39,570 | 3,968,294 | ||||||
* | Modern Times Group MTG AB, Class B | 509,192 | 6,165,189 | |||||
Momentum Group AB, Class B | 137,415 | 3,129,054 | ||||||
Munters Group AB | 17,672 | 144,497 | ||||||
Mycronic AB | 430,117 | 10,698,906 | ||||||
NCAB Group AB | 1,185 | 77,489 | ||||||
NCC AB, Class B | 269,582 | 4,246,727 | ||||||
Nederman Holding AB | 30,189 | 566,918 | ||||||
* | Nelly Group AB | 47,409 | 182,171 | |||||
* | Net Insight AB, Class B | 1,391,434 | 558,921 | |||||
* | New Wave Group AB, Class B | 426,925 | 6,361,154 | |||||
Nobia AB | 899,689 | 5,929,094 | ||||||
Nobina AB | 732,991 | 6,571,218 | ||||||
Nolato AB, Class B | 1,581,189 | 18,859,866 | ||||||
Nordic Waterproofing Holding AB | 67,508 | 1,583,217 | ||||||
* | Note AB | 3,676 | 50,491 | |||||
NP3 Fastigheter AB | 157,719 | 4,104,223 | ||||||
# | Nyfosa AB | 1,319,438 | 18,632,154 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SWEDEN (Continued) |
| |||||||
OEM International AB, Class B | 143,694 | $ | 2,656,949 | |||||
* | Oncopeptides AB | 22,450 | 107,337 | |||||
* | Pandox AB, Class B | 314,076 | 4,971,836 | |||||
Peab AB, Class B | 355,576 | 3,676,940 | ||||||
Platzer Fastigheter Holding AB, Class B | 250,352 | 3,768,571 | ||||||
Pricer AB, Class B | 892,974 | 2,894,257 | ||||||
Proact IT Group AB | 186,907 | 1,495,183 | ||||||
* | Qliro AB | 70,318 | 246,441 | |||||
Ratos AB, Class B | 1,561,734 | 9,141,906 | ||||||
* | RaySearch Laboratories AB | 160,684 | 1,126,989 | |||||
Resurs Holding AB | 815,119 | 3,775,167 | ||||||
Rottneros AB | 672,020 | 706,156 | ||||||
#* | SAS AB | 10,985,704 | 2,402,706 | |||||
Scandi Standard AB | 397,762 | 2,373,801 | ||||||
#* | Scandic Hotels Group AB | 497,612 | 2,015,833 | |||||
* | Sdiptech AB, Class B | 7,857 | 383,137 | |||||
Sectra AB, Class B | 550,055 | 11,100,966 | ||||||
Semcon AB | 118,592 | 1,675,177 | ||||||
#* | Sensys Gatso Group AB | 2,726,230 | 317,274 | |||||
#* | SkiStar AB | 323,480 | 6,693,463 | |||||
* | Starbreeze AB | 37,435 | 5,157 | |||||
* | Stillfront Group AB | 83,915 | 528,434 | |||||
# | Systemair AB | 360,836 | 3,178,763 | |||||
Tethys Oil AB | 86,203 | 596,701 | ||||||
Troax Group AB | 214,262 | 8,227,461 | ||||||
VBG Group AB, Class B | 26,732 | 523,890 | ||||||
Vitec Software Group AB, Class B | 27,195 | 1,484,214 | ||||||
Wihlborgs Fastigheter AB | 595,255 | 11,831,733 | ||||||
|
| |||||||
TOTAL SWEDEN | 554,676,598 | |||||||
|
| |||||||
SWITZERLAND (14.9%) |
| |||||||
Adecco Group AG | 96,510 | 4,835,704 | ||||||
Allreal Holding AG | 117,221 | 23,245,002 | ||||||
ALSO Holding AG | 47,196 | 13,612,999 | ||||||
* | ams AG | 1,143,261 | 20,736,965 | |||||
* | APG SGA SA | 8,849 | 2,047,489 | |||||
Arbonia AG | 343,677 | 6,695,270 | ||||||
* | Aryzta AG | 6,804,887 | 10,151,669 | |||||
* | Ascom Holding AG | 190,508 | 3,003,688 | |||||
* | Autoneum Holding AG | 24,022 | 3,883,990 | |||||
Bachem Holding AG, Class B | 6,229 | 4,760,204 | ||||||
Baloise Holding AG | 72,856 | 11,051,505 | ||||||
Banque Cantonale de Geneve | 9,528 | 1,705,743 | ||||||
Banque Cantonale du Jura SA | 3,848 | 215,649 | ||||||
Banque Cantonale Vaudoise | 74,322 | 5,650,915 | ||||||
Belimo Holding AG | 62,238 | 32,850,239 | ||||||
Bell Food Group AG | 14,632 | 4,533,796 | ||||||
Bellevue Group AG | 57,974 | 2,442,816 | ||||||
Berner Kantonalbank AG | 30,113 | 6,698,608 | ||||||
BKW AG | 160,346 | 17,310,980 | ||||||
* | Bobst Group SA | 68,727 | 5,955,172 | |||||
Bossard Holding AG, Class A | 44,391 | 13,865,894 | ||||||
Bucher Industries AG | 55,557 | 26,379,002 | ||||||
Burckhardt Compression Holding AG | 734 | 296,001 | ||||||
Burkhalter Holding AG | 28,640 | 2,029,683 | ||||||
Bystronic AG | 9,740 | 13,147,957 | ||||||
Calida Holding AG | 35,809 | 1,731,550 | ||||||
# | Carlo Gavazzi Holding AG | 3,077 | 823,323 | |||||
Cembra Money Bank AG | 190,227 | 12,775,571 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SWITZERLAND (Continued) |
| |||||||
Cicor Technologies, Ltd. | 15,422 | $ | 940,155 | |||||
Cie Financiere Tradition SA | 10,803 | 1,291,696 | ||||||
Clariant AG | 591,511 | 11,102,833 | ||||||
Coltene Holding AG | 26,808 | 3,416,489 | ||||||
Comet Holding AG | 12,463 | 4,309,791 | ||||||
* | COSMO Pharmaceuticals NV | 1,793 | 154,741 | |||||
Daetwyler Holding AG | 4,136 | 1,466,489 | ||||||
DKSH Holding AG | 239,714 | 18,750,228 | ||||||
dormakaba Holding AG | 24,243 | 17,587,753 | ||||||
* | Dottikon Es Holding AG | 1,430 | 471,302 | |||||
* | Dufry AG | 308,204 | 17,313,757 | |||||
EFG International AG | 687,616 | 4,955,321 | ||||||
Emmi AG | 15,651 | 16,158,507 | ||||||
Energiedienst Holding AG | 83,637 | 3,756,133 | ||||||
#* | Evolva Holding SA | 3,349,123 | 523,807 | |||||
* | Feintool International Holding AG | 16,000 | 1,034,662 | |||||
* | Flughafen Zurich AG | 133,405 | 23,767,941 | |||||
Forbo Holding AG | 8,787 | 17,356,371 | ||||||
Fundamenta Real Estate AG | 1,593 | 34,551 | ||||||
Galenica AG | 91,014 | 6,420,672 | ||||||
#* | GAM Holding AG | 1,195,762 | 2,177,107 | |||||
Georg Fischer AG | 32,352 | 47,911,838 | ||||||
Gurit Holding AG | 3,022 | 5,655,689 | ||||||
Helvetia Holding AG | 243,100 | 26,371,916 | ||||||
Hiag Immobilien Holding AG | 20,971 | 2,253,446 | ||||||
#* | HOCHDORF Holding AG | 6,697 | 300,175 | |||||
Huber & Suhner AG | 97,132 | 7,510,615 | ||||||
Hypothekarbank Lenzburg AG | 6 | 27,297 | ||||||
* | Implenia AG | 118,023 | 2,618,741 | |||||
#* | Ina Invest Holding AG | 25,352 | 506,607 | |||||
Inficon Holding AG | 14,710 | 17,177,319 | ||||||
Interroll Holding AG | 4,928 | 20,864,128 | ||||||
Intershop Holding AG | 10,420 | 6,491,719 | ||||||
Investis Holding SA | 4,392 | 495,928 | ||||||
* | Jungfraubahn Holding AG | 17,432 | 2,570,894 | |||||
Kardex Holding AG | 48,471 | 13,648,542 | ||||||
* | Komax Holding AG | 21,726 | 5,711,885 | |||||
# | Kudelski SA | 217,692 | 916,451 | |||||
Landis+Gyr Group AG | 69,108 | 4,438,478 | ||||||
* | Lastminute.com NV | 17,240 | 731,226 | |||||
LEM Holding SA | 3,912 | 9,100,475 | ||||||
Liechtensteinische Landesbank AG | 64,323 | 3,627,055 | ||||||
Luzerner Kantonalbank AG | 20,110 | 8,997,858 | ||||||
* | Medacta Group SA | 3,237 | 505,885 | |||||
* | Medartis Holding AG | 2,811 | 327,297 | |||||
Medmix AG | 143,103 | 6,756,298 | ||||||
* | Meier Tobler Group AG | 45,826 | 938,708 | |||||
Metall Zug AG | 1,092 | 2,309,140 | ||||||
#* | Meyer Burger Technology AG | 2,931,882 | 1,320,248 | |||||
* | Mikron Holding AG | 8,692 | 69,773 | |||||
Mobilezone Holding AG | 284,428 | 3,925,462 | ||||||
Mobimo Holding AG | 56,522 | 18,761,554 | ||||||
OC Oerlikon Corp. AG | 1,697,772 | 18,499,818 | ||||||
#* | Orascom Development Holding AG | 93,520 | 1,113,604 | |||||
Orell Fuessli AG | 5,028 | 493,302 | ||||||
Orior AG | 37,151 | 3,635,695 | ||||||
Peach Property Group AG | 1,034 | 67,785 | ||||||
Phoenix Mecano AG | 4,517 | 2,161,973 | ||||||
Plazza AG, Class A | 6,895 | 2,486,660 |
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
SWITZERLAND (Continued) |
| |||||||
PSP Swiss Property AG | 337,868 | $ | 40,707,400 | |||||
* | Rieter Holding AG | 21,873 | 4,780,370 | |||||
Romande Energie Holding SA | 2,625 | 3,632,729 | ||||||
# | Schaffner Holding AG | 3,363 | 1,016,260 | |||||
Schweiter Technologies AG | 7,236 | 10,392,447 | ||||||
# | Schweizerische Nationalbank | 23 | 129,095 | |||||
* | Sensirion Holding AG | 12,444 | 1,512,550 | |||||
SFS Group AG | 128,752 | 17,493,920 | ||||||
Siegfried Holding AG | 33,518 | 29,863,116 | ||||||
SIG Combibloc Group AG | 74,956 | 1,993,040 | ||||||
Softwareone Holding AG | 189,080 | 4,134,485 | ||||||
St Galler Kantonalbank AG | 17,366 | 7,740,896 | ||||||
Sulzer AG | 143,103 | 13,581,764 | ||||||
Swiss Prime Site AG | 70,057 | 6,843,234 | ||||||
#* | Swiss Steel Holding AG | 3,266,809 | 1,332,267 | |||||
Swissquote Group Holding SA | 85,926 | 15,829,207 | ||||||
Tecan Group AG | 8,842 | 5,007,963 | ||||||
Thurgauer Kantonalbank | 3,152 | 359,558 | ||||||
#* | Tornos Holding AG | 26,632 | 216,984 | |||||
* | TX Group AG | 18,723 | 3,089,283 | |||||
* | u-blox Holding AG | 51,750 | 3,425,107 | |||||
Valiant Holding AG | 110,273 | 10,475,587 | ||||||
* | Valora Holding AG | 29,410 | 5,752,243 | |||||
VAT Group AG | 148,293 | 58,526,837 | ||||||
Vaudoise Assurances Holding SA | 6,746 | 3,252,676 | ||||||
Vetropack Holding AG | 66,273 | 4,101,214 | ||||||
Vifor Pharma AG | 10,416 | 1,350,090 | ||||||
* | Von Roll Holding AG | 378,198 | 421,459 | |||||
Vontobel Holding AG | 232,328 | 19,546,590 | ||||||
VP Bank AG, Class A | 24,056 | 2,424,225 | ||||||
VZ Holding AG | 90,310 | 8,993,924 | ||||||
* | V-ZUG Holding AG | 10,820 | 1,508,741 | |||||
Walliser Kantonalbank | 18,991 | 2,046,458 | ||||||
Warteck Invest AG | 27 | 70,553 | ||||||
Ypsomed Holding AG | 9,309 | 1,533,681 | ||||||
Zehnder Group AG | 86,306 | 9,131,627 | ||||||
Zug Estates Holding AG, Class B | 1,186 | 2,518,842 | ||||||
Zuger Kantonalbank AG | 700 | 5,030,557 | ||||||
|
| |||||||
TOTAL SWITZERLAND | 966,496,153 | |||||||
|
| |||||||
UNITED STATES (0.0%) |
| |||||||
* | Arko Corp. | 135,431 | 1,370,695 | |||||
|
| |||||||
TOTAL COMMON STOCKS | 6,156,176,608 | |||||||
|
| |||||||
PREFERRED STOCKS (0.9%) |
| |||||||
GERMANY (0.9%) |
| |||||||
Biotest AG | 96,750 | 4,425,520 | ||||||
Draegerwerk AG & Co., KGaA | 65,997 | 5,406,792 | ||||||
FUCHS PETROLUB SE | 337,087 | 15,754,600 | ||||||
Jungheinrich AG | 364,914 | 16,922,743 | ||||||
Sixt SE | 119,845 | 10,640,553 | ||||||
STO SE & Co., KGaA | 15,328 | 3,593,254 | ||||||
Villeroy & Boch AG | 41,086 | 1,106,608 | ||||||
|
| |||||||
TOTAL GERMANY | 57,850,070 | |||||||
|
|
THE CONTINENTAL SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||
AUSTRIA (0.0%) |
| |||||||
* | CA Immobilien Anlagen AG Rights 07/26/21 | 497,492 | $ | 0 | ||||
|
| |||||||
GERMANY (0.0%) |
| |||||||
#* | Borussia Dortmund GmbH & Co., KGaA Rights 10/04/21 | 574,571 | 11,315 | |||||
#* | Deutsche Lufthansa AG Rights 10/05/21 | 134,399 | 319,146 | |||||
|
| |||||||
TOTAL GERMANY | 330,461 | |||||||
|
| |||||||
ITALY (0.0%) |
| |||||||
#* | Webuild SpA Warrant 08/02/30 | 116,039 | 0 | |||||
|
| |||||||
TOTAL RIGHTS/WARRANTS | 330,461 | |||||||
|
| |||||||
TOTAL INVESTMENT SECURITIES | 6,214,357,139 | |||||||
|
| |||||||
Value | ||||||||
SECURITIES LENDING COLLATERAL (4.4%) |
| |||||||
@§ | The DFA Short Term Investment Fund | 24,481,666 | 283,252,871 | |||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | ||||||||
(Cost $4,781,818,574)^^ | $ | 6,497,610,010 | ||||||
|
|
Summary of the Series investments as of September 30, 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 | | $ | 207,790,732 | | $ | 207,790,732 | ||||||||||
Belgium | $ | 7,513,190 | 238,670,405 | | 246,183,595 | |||||||||||
Denmark | | 340,956,842 | | 340,956,842 | ||||||||||||
Finland | | 372,015,124 | | 372,015,124 | ||||||||||||
France | | 673,052,698 | | 673,052,698 | ||||||||||||
Germany | | 989,757,270 | | 989,757,270 | ||||||||||||
Ireland | | 65,021,880 | | 65,021,880 | ||||||||||||
Israel | 1,628,931 | 209,986,362 | | 211,615,293 | ||||||||||||
Italy | 920 | 538,741,976 | | 538,742,896 | ||||||||||||
Netherlands | 5,165,008 | 453,756,743 | | 458,921,751 | ||||||||||||
Norway | | 139,325,372 | | 139,325,372 | ||||||||||||
Portugal | 67,443 | 48,915,128 | | 48,982,571 | ||||||||||||
Spain | | 341,267,138 | | 341,267,138 | ||||||||||||
Sweden | | 554,676,598 | | 554,676,598 | ||||||||||||
Switzerland | 6,756,298 | 959,739,855 | | 966,496,153 | ||||||||||||
United States | | 1,370,695 | | 1,370,695 | ||||||||||||
Preferred Stocks | ||||||||||||||||
Germany | | 57,850,070 | | 57,850,070 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Germany | | 330,461 | | 330,461 | ||||||||||||
Securities Lending Collateral | | 283,252,871 | | 283,252,871 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 21,131,790 | $ | 6,476,478,220 | | $ | 6,497,610,010 | |||||||||
|
|
|
|
|
|
|
|
THE CANADIAN SMALL COMPANY SERIES
SCHEDULE OF INVESTMENTS
September 30, 2021
(Unaudited)
Shares | Value» | |||||||
COMMON STOCKS (84.1%) |
| |||||||
COMMUNICATION SERVICES (1.2%) |
| |||||||
* | AcuityAds Holdings, Inc. | 101,377 | $ | 679,528 | ||||
#* | Aimia, Inc. | 747,208 | 2,554,406 | |||||
# | Cogeco Communications, Inc. | 79,382 | 7,054,507 | |||||
Cogeco, Inc. | 28,934 | 2,060,514 | ||||||
# | Corus Entertainment, Inc., Class B | 1,028,921 | 4,614,141 | |||||
* | Enthusiast Gaming Holdings, Inc. | 18,353 | 66,219 | |||||
* | MDF Commerce, Inc. | 42,774 | 198,234 | |||||
* | TeraGo, Inc. | 2,400 | 9,721 | |||||
#* | WildBrain, Ltd. | 612,863 | 1,562,883 | |||||
# | Yellow Pages, Ltd. | 105,820 | 1,148,764 | |||||
|
| |||||||
TOTAL COMMUNICATION SERVICES | 19,948,917 | |||||||
|
| |||||||
CONSUMER DISCRETIONARY (5.2%) |
| |||||||
#* | Aritzia, Inc. | 463,368 | 14,750,511 | |||||
* | AutoCanada, Inc. | 139,673 | 5,115,609 | |||||
BMTC Group, Inc. | 20,581 | 237,317 | ||||||
#* | Bragg Gaming Group, Inc. | 4,700 | 45,122 | |||||
#* | Canada Goose Holdings, Inc. | 55,980 | 1,999,033 | |||||
* | Canada Goose Holdings, Inc. | 235,947 | 8,416,230 | |||||
* | Dorel Industries, Inc., Class B | 109,158 | 941,106 | |||||
Exco Technologies, Ltd. | 164,124 | 1,284,122 | ||||||
* | Gamehost, Inc. | 88,499 | 561,067 | |||||
* | Goodfood Market Corp. | 13,613 | 95,224 | |||||
Leons Furniture, Ltd. | 171,679 | 3,174,421 | ||||||
Linamar Corp. | 249,534 | 12,957,407 | ||||||
Martinrea International, Inc. | 518,668 | 4,606,833 | ||||||
MTY Food Group, Inc. | 108,643 | 5,484,449 | ||||||
Park Lawn Corp. | 185,122 | 5,337,641 | ||||||
Pizza Pizza Royalty Corp. | 165,479 | 1,468,486 | ||||||
* | Points International, Ltd. | 47,016 | 804,387 | |||||
* | Points International, Ltd. | 14,661 | 250,703 | |||||
Pollard Banknote, Ltd. | 49,129 | 1,828,859 | ||||||
* | Recipe Unlimited Corp. | 88,994 | 1,368,706 | |||||
* | Reitmans Canada, Ltd., Class A | 125,155 | 75,097 | |||||
# | Sleep Country Canada Holdings, Inc. | 196,790 | 5,220,388 | |||||
#* | Spin Master Corp. | 148,575 | 4,822,295 | |||||
* | Uni-Select, Inc. | 234,916 | 3,290,234 | |||||
|
| |||||||
TOTAL CONSUMER DISCRETIONARY | 84,135,247 | |||||||
|
| |||||||
CONSUMER STAPLES (4.5%) |
| |||||||
* | Alcanna, Inc. | 139,850 | 885,518 | |||||
Andrew Peller, Ltd., Class A | 168,200 | 1,132,754 | ||||||
Corby Spirit and Wine, Ltd. | 87,267 | 1,244,998 | ||||||
High Liner Foods, Inc. | 102,188 | 1,058,508 | ||||||
# | Jamieson Wellness, Inc. | 275,646 | 7,882,440 | |||||
# | KP Tissue, Inc. | 45,700 | 367,664 | |||||
Lassonde Industries, Inc., Class A | 18,100 | 2,596,105 | ||||||
# | Maple Leaf Foods, Inc. | 414,187 | 8,417,159 | |||||
* | Mav Beauty Brands, Inc. | 7,000 | 12,048 | |||||
# | North West Co., Inc. (The) | 319,480 | 8,530,565 | |||||
# | Premium Brands Holdings Corp., Class A | 193,268 | 19,766,254 | |||||
Primo Water Corp. | 813,424 | 12,812,102 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
CONSUMER STAPLES (Continued) |
| |||||||
Primo Water Corp. | 96,682 | $ | 1,519,841 | |||||
# | Rogers Sugar, Inc. | 712,254 | 3,036,611 | |||||
* | SunOpta, Inc. | 19,534 | 174,439 | |||||
#* | SunOpta, Inc. | 329,746 | 2,947,043 | |||||
#* | Village Farms International, Inc. | 7,834 | 65,438 | |||||
|
| |||||||
TOTAL CONSUMER STAPLES | 72,449,487 | |||||||
|
| |||||||
ENERGY (16.6%) |
| |||||||
#* | Advantage Energy, Ltd. | 1,194,867 | 6,037,541 | |||||
#* | Africa Oil Corp. | 1,333,299 | 1,831,628 | |||||
# | ARC Resources, Ltd. | 2,991,363 | 28,033,695 | |||||
* | Athabasca Oil Corp. | 2,177,410 | 1,581,571 | |||||
# | Birchcliff Energy, Ltd. | 1,616,675 | 8,947,491 | |||||
# | Canacol Energy, Ltd. | 963,916 | 2,572,271 | |||||
* | Cardinal Energy, Ltd. | 403,527 | 1,331,708 | |||||
CES Energy Solutions Corp. | 1,312,438 | 1,968,761 | ||||||
Computer Modelling Group, Ltd. | 464,145 | 1,736,971 | ||||||
Crescent Point Energy Corp. | 2,888,800 | 13,319,589 | ||||||
# | Crescent Point Energy Corp. | 82,500 | 380,325 | |||||
* | Crew Energy, Inc. | 384,876 | 945,022 | |||||
#* | Denison Mines Corp. | 3,512,489 | 5,102,621 | |||||
# | Enerflex, Ltd. | 510,065 | 3,737,094 | |||||
#* | Energy Fuels, Inc. | 347,960 | 2,434,015 | |||||
# | Enerplus Corp. | 1,287,055 | 10,303,756 | |||||
Enerplus Corp. | 28,353 | 226,824 | ||||||
#* | Ensign Energy Services, Inc. | 741,132 | 1,100,054 | |||||
#* | Fission Uranium Corp. | 1,962,000 | 1,270,204 | |||||
# | Freehold Royalties, Ltd. | 602,289 | 4,945,370 | |||||
* | Frontera Energy Corp. | 270,637 | 1,619,634 | |||||
* | Gasfrac Energy Services, Inc. | 91,560 | 0 | |||||
# | Gibson Energy, Inc. | 940,791 | 17,276,803 | |||||
#* | Gran Tierra Energy, Inc. | 1,845,435 | 1,355,009 | |||||
* | Headwater Exploration, Inc. | 171,071 | 614,537 | |||||
InPlay Oil Corp. | 10,100 | 12,280 | ||||||
#* | Kelt Exploration, Ltd. | 773,541 | 2,778,787 | |||||
# | Keyera Corp. | 445,938 | 11,220,625 | |||||
* | Lightstream Resources, Ltd. | 687,816 | 0 | |||||
#* | MEG Energy Corp. | 2,470,617 | 19,291,333 | |||||
North American Construction Group, Ltd. | 121,744 | 1,773,391 | ||||||
North American Construction Group, Ltd. | 22,074 | 324,929 | ||||||
* | NuVista Energy, Ltd. | 1,107,388 | 4,493,900 | |||||
Ovintiv, Inc. | 9,767 | 320,940 | ||||||
Paramount Resources, Ltd., Class A | 389,930 | 5,781,533 | ||||||
Parex Resources, Inc. | 786,291 | 14,302,972 | ||||||
# | Parkland Corp. | 748,836 | 21,041,428 | |||||
Pason Systems, Inc. | 395,944 | 2,694,645 | ||||||
# | Peyto Exploration & Development Corp. | 930,313 | 7,242,133 | |||||
PHX Energy Services Corp. | 98,928 | 373,343 | ||||||
* | Pine Cliff Energy, Ltd. | 87,000 | 49,455 | |||||
# | PrairieSky Royalty, Ltd. | 1,064,207 | 11,351,205 | |||||
* | Precision Drilling Corp. | 67,941 | 2,746,383 | |||||
#* | Precision Drilling Corp. | 14,392 | 581,581 | |||||
#* | Questerre Energy Corp., Class A | 797,460 | 132,217 | |||||
# | Secure Energy Services, Inc. | 1,088,754 | 4,091,638 | |||||
* | ShawCor, Ltd. | 371,654 | 1,660,794 | |||||
* | Storm Resources, Ltd. | 85,432 | 364,229 | |||||
#* | Surge Energy, Inc. | 2,808 | 11,549 | |||||
* | Tamarack Valley Energy, Ltd. | 1,165,080 | 2,934,316 | |||||
TerraVest Industries, Inc. | 3,700 | 70,956 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
ENERGY (Continued) |
| |||||||
Tidewater Midstream and Infrastructure, Ltd. | 1,346,778 | $ | 1,456,723 | |||||
* | Total Energy Services, Inc. | 233,040 | 840,829 | |||||
* | Touchstone Exploration, Inc. | 28,397 | 46,633 | |||||
* | TransGlobe Energy Corp. | 87,968 | 192,382 | |||||
#* | Trican Well Service, Ltd. | 1,182,224 | 2,762,817 | |||||
* | Vermilion Energy, Inc. | 716,524 | 7,082,647 | |||||
* | Vermilion Energy, Inc. | 233,451 | 2,311,165 | |||||
# | Whitecap Resources, Inc. | 3,118,860 | 17,261,338 | |||||
#* | Yangarra Resources, Ltd. | 323,471 | 452,032 | |||||
|
| |||||||
TOTAL ENERGY | 266,725,622 | |||||||
|
| |||||||
FINANCIALS (9.8%) |
| |||||||
AGF Management, Ltd., Class B | 333,248 | 2,041,690 | ||||||
# | Alaris Equity Partners Income | 153,883 | 2,154,070 | |||||
# | Canaccord Genuity Group, Inc. | 514,390 | 5,657,234 | |||||
# | Canadian Western Bank | 471,902 | 13,662,282 | |||||
# | Chesswood Group, Ltd. | 56,542 | 532,564 | |||||
# | CI Financial Corp. | 910,370 | 18,479,088 | |||||
Clairvest Group, Inc. | 1,900 | 87,792 | ||||||
# | ECN Capital Corp. | 2,488,693 | 20,513,149 | |||||
E-L Financial Corp., Ltd. | 7,178 | 5,298,720 | ||||||
# | Element Fleet Management Corp. | 1,614,953 | 16,294,883 | |||||
Equitable Group, Inc. | 63,242 | 7,135,072 | ||||||
# | Fiera Capital Corp., Class A | 359,719 | 2,970,678 | |||||
Firm Capital Mortgage Investment Corp. | 185,919 | 2,156,285 | ||||||
First National Financial Corp. | 78,719 | 2,703,518 | ||||||
# | goeasy, Ltd. | 45,560 | 7,269,960 | |||||
#* | GoldMoney, Inc. | 125,000 | 224,025 | |||||
Guardian Capital Group, Ltd., Class A | 92,214 | 2,500,830 | ||||||
#* | Home Capital Group, Inc., Class B | 303,217 | 8,883,928 | |||||
iA Financial Corp., Inc. | 174,036 | 9,873,857 | ||||||
Kingsway Financial Services, Inc. | 13,070 | 70,043 | ||||||
# | Laurentian Bank of Canada | 412,090 | 13,079,124 | |||||
#* | RF Capital Group, Inc. | 170,238 | 293,004 | |||||
# | Sprott, Inc. | 127,333 | 4,681,732 | |||||
Sprott, Inc. | 10,701 | 392,620 | ||||||
Timbercreek Financial Corp. | 529,052 | 4,026,576 | ||||||
* | Trisura Group, Ltd. | 190,120 | 6,490,438 | |||||
|
| |||||||
TOTAL FINANCIALS | 157,473,162 | |||||||
|
| |||||||
HEALTH CARE (1.4%) |
| |||||||
# | Andlauer Healthcare Group, Inc. | 15,333 | 597,413 | |||||
* | Aptose Biosciences, Inc. | 11,500 | 24,969 | |||||
* | Aptose Biosciences, Inc. | 63,621 | 138,694 | |||||
#* | Aurora Cannabis, Inc. | 188,800 | 1,307,260 | |||||
#* | Aurora Cannabis, Inc. | 169,500 | 1,172,940 | |||||
* | Charlottes Web Holdings, Inc. | 41,994 | 82,887 | |||||
#* | Cronos Group, Inc. | 482,409 | 2,730,435 | |||||
# | Extendicare, Inc. | 506,839 | 2,937,153 | |||||
* | HEXO Corp. | 77,100 | 141,864 | |||||
HLS Therapeutics, Inc. | 16,100 | 234,140 | ||||||
* | Knight Therapeutics, Inc. | 808,695 | 3,415,852 | |||||
# | Medical Facilities Corp. | 163,242 | 1,255,311 | |||||
* | Oncolytics Biotech, Inc. | 33,485 | 69,984 | |||||
* | Opsens, Inc. | 6,100 | 14,593 | |||||
#* | Organigram Holdings, Inc. | 503,390 | 1,157,797 | |||||
* | Organigram Holdings, Inc. | 599,701 | 1,382,541 | |||||
# | Sienna Senior Living, Inc. | 332,956 | 3,780,126 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
HEALTH CARE (Continued) |
| |||||||
* | Trillium Therapeutics, Inc. | 31,800 | $ | 558,873 | ||||
* | Trillium Therapeutics, Inc. | 8,800 | 154,528 | |||||
* | Viemed Healthcare, Inc. | 24,347 | 135,325 | |||||
* | Viemed Healthcare, Inc. | 50,402 | 279,731 | |||||
Zenith Capital Corp. | 111,820 | 28,313 | ||||||
|
| |||||||
TOTAL HEALTH CARE | 21,600,729 | |||||||
|
| |||||||
INDUSTRIALS (10.4%) |
| |||||||
Aecon Group, Inc. | 342,354 | 5,181,530 | ||||||
# | AG Growth International, Inc. | 136,123 | 3,040,360 | |||||
Algoma Central Corp. | 48,800 | 649,203 | ||||||
#* | ATS Automation Tooling Systems, Inc. | 441,354 | 14,000,950 | |||||
# | Badger Infrastructure Solutions, Ltd. | 167,591 | 4,478,885 | |||||
# | Bird Construction, Inc. | 286,252 | 2,223,843 | |||||
* | Black Diamond Group, Ltd. | 237,417 | 708,540 | |||||
* | Bombardier, Inc., Class A | 131,404 | 232,390 | |||||
#* | Bombardier, Inc., Class B | 5,307,530 | 9,051,212 | |||||
Calian Group, Ltd. | 50,690 | 2,441,252 | ||||||
Cervus Equipment Corp. | 43,505 | 667,035 | ||||||
Dexterra Group, Inc. | 162,543 | 1,049,740 | ||||||
#* | DIRTT Environmental Solutions | 310,570 | 961,183 | |||||
# | Doman Building Materials Group, Ltd. | 337,453 | 1,691,794 | |||||
Exchange Income Corp. | 113,793 | 3,982,665 | ||||||
Finning International, Inc. | 890,113 | 21,961,180 | ||||||
* | GDI Integrated Facility Services, Inc. | 33,695 | 1,452,508 | |||||
Hardwoods Distribution, Inc. | 59,241 | 1,716,053 | ||||||
* | Heroux-Devtek, Inc. | 245,951 | 3,435,081 | |||||
#* | IBI Group, Inc. | 120,500 | 1,078,849 | |||||
K-Bro Linen, Inc. | 61,553 | 1,980,329 | ||||||
# | LifeWorks, Inc. | 401,948 | 10,240,693 | |||||
Magellan Aerospace Corp. | 114,378 | 918,383 | ||||||
# | Mullen Group, Ltd. | 446,365 | 4,539,066 | |||||
# | NFI Group, Inc. | 325,072 | 6,118,519 | |||||
* | Patriot One Technologies, Inc. | 120,000 | 45,002 | |||||
Richelieu Hardware, Ltd. | 361,973 | 11,905,728 | ||||||
# | Russel Metals, Inc. | 339,623 | 8,143,337 | |||||
# | Savaria Corp. | 185,714 | 3,005,793 | |||||
# | SNC-Lavalin Group, Inc. | 728,815 | 20,242,943 | |||||
Stantec, Inc. | 287,574 | 13,509,121 | ||||||
Wajax Corp. | 104,085 | 1,885,955 | ||||||
#* | Westport Fuel Systems, Inc. | 33,123 | 108,975 | |||||
# | Westshore Terminals Investment Corp. | 262,257 | 5,062,517 | |||||
|
| |||||||
TOTAL INDUSTRIALS | 167,710,614 | |||||||
|
| |||||||
INFORMATION TECHNOLOGY (2.8%) |
| |||||||
Absolute Software Corp. | 303,292 | 3,333,195 | ||||||
* | Celestica, Inc. | 36,408 | 323,303 | |||||
* | Celestica, Inc. | 580,305 | 5,154,296 | |||||
* | Descartes Systems Group, Inc. (The) | 27,513 | 2,235,706 | |||||
Enghouse Systems, Ltd. | 263,395 | 11,556,024 | ||||||
Evertz Technologies, Ltd. | 146,939 | 1,664,752 | ||||||
#* | Kinaxis, Inc. | 99,954 | 14,420,965 | |||||
Quarterhill, Inc. | 586,379 | 1,282,386 | ||||||
#* | Sierra Wireless, Inc. | 241,452 | 3,738,255 | |||||
TECSYS, Inc. | 13,561 | 614,131 | ||||||
Vecima Networks, Inc. | 6,059 | 76,539 | ||||||
* | VIQ Solutions, Inc. | 9,600 | 28,195 | |||||
|
| |||||||
TOTAL INFORMATION TECHNOLOGY | 44,427,747 | |||||||
|
|
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
MATERIALS (20.6%) |
| |||||||
* | 5N Plus, Inc. | 414,065 | $ | 902,273 | ||||
# | Acadian Timber Corp. | 65,067 | 962,700 | |||||
# | AirBoss of America Corp. | 112,538 | 3,215,498 | |||||
Alamos Gold, Inc., Class A | 2,149,776 | 15,462,226 | ||||||
# | Altius Minerals Corp. | 208,691 | 2,565,387 | |||||
#* | Americas Gold & Silver Corp. | 86,596 | 69,053 | |||||
* | Amerigo Resources, Ltd. | 189,208 | 188,222 | |||||
* | Argonaut Gold, Inc. | 1,706,606 | 3,705,327 | |||||
* | Aya Gold & Silver, Inc. | 16,800 | 103,325 | |||||
# | B2Gold Corp. | 1,994,893 | 6,819,743 | |||||
B2Gold Corp. | 1,728,490 | 5,911,436 | ||||||
#* | Calibre Mining Corp. | 231,489 | 246,731 | |||||
#* | Canfor Corp. | 341,978 | 7,511,312 | |||||
* | Canfor Pulp Products, Inc. | 138,951 | 713,076 | |||||
#* | Capstone Mining Corp. | 2,456,528 | 9,561,569 | |||||
# | Cascades, Inc. | 495,489 | 6,130,043 | |||||
# | Centerra Gold, Inc. | 1,270,606 | 8,677,360 | |||||
China Gold International Resources Corp., Ltd. | 1,488,085 | 4,288,260 | ||||||
#* | Copper Mountain Mining Corp. | 690,855 | 1,543,597 | |||||
Dundee Precious Metals, Inc. | 968,880 | 5,828,885 | ||||||
* | Eldorado Gold Corp. | 664,263 | 5,139,567 | |||||
* | Eldorado Gold Corp. | 111,244 | 859,916 | |||||
Endeavour Mining P.L.C. | 676,320 | 15,223,348 | ||||||
#* | Endeavour Silver Corp. | 360,197 | 1,475,937 | |||||
#* | Equinox Gold Corp. | 478,217 | 3,156,400 | |||||
* | Equinox Gold Corp. | 31,771 | 209,689 | |||||
#* | ERO Copper Corp. | 305,622 | 5,419,446 | |||||
# | First Majestic Silver Corp. | 662,041 | 7,495,398 | |||||
# | First Majestic Silver Corp. | 272,599 | 3,080,369 | |||||
#* | First Mining Gold Corp. | 749,400 | 177,499 | |||||
#* | Fortuna Silver Mines, Inc. | 916,599 | 3,603,872 | |||||
* | Fortuna Silver Mines, Inc. | 437,641 | 1,719,929 | |||||
* | Freegold Ventures, Ltd. | 9,000 | 3,695 | |||||
#* | Galiano Gold, Inc. | 696,057 | 500,088 | |||||
#* | GoGold Resources, Inc. | 62,609 | 136,923 | |||||
* | Gold Standard Ventures Corp. | 10,700 | 4,815 | |||||
* | Golden Star Resources, Ltd. | 374,657 | 887,392 | |||||
#* | Great Panther Mining, Ltd. | 91,900 | 42,808 | |||||
* | Hanfeng Evergreen, Inc. | 45,837 | 0 | |||||
Hudbay Minerals, Inc. | 153,070 | 953,626 | ||||||
# | Hudbay Minerals, Inc. | 1,055,906 | 6,585,866 | |||||
#* | i-80 Gold Corp. | 399,340 | 980,536 | |||||
#* | IAMGOLD Corp. | 2,197,656 | 4,979,688 | |||||
* | IAMGOLD Corp. | 599,837 | 1,355,632 | |||||
#* | Imperial Metals Corp. | 381,251 | 1,173,914 | |||||
# | Interfor Corp. | 357,541 | 8,829,846 | |||||
Intertape Polymer Group, Inc. | 291,147 | 6,332,781 | ||||||
* | Ivanhoe Mines, Ltd., Class A | 1,063,670 | 6,802,248 | |||||
* | Karora Resources, Inc. | 410,857 | 1,073,691 | |||||
# | Labrador Iron Ore Royalty Corp. | 309,669 | 8,610,881 | |||||
#* | Largo Resources, Ltd. | 65,149 | 684,102 | |||||
* | Largo Resources, Ltd. | 5,436 | 57,132 | |||||
#* | Lucara Diamond Corp. | 1,586,273 | 789,004 | |||||
#* | Lundin Gold, Inc. | 86,276 | 645,061 | |||||
* | MAG Silver Corp. | 15,600 | 252,610 | |||||
* | MAG Silver Corp. | 42,650 | 690,930 | |||||
#* | Major Drilling Group International, Inc. | 667,650 | 4,454,163 | |||||
* | Mandalay Resources Corp. | 464 | 699 | |||||
* | Marathon Gold Corp. | 147,500 | 357,512 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
MATERIALS (Continued) |
| |||||||
Maverix Metals, Inc. | 9,022 | $ | 40,387 | |||||
# | Maverix Metals, Inc. | 44,020 | 196,769 | |||||
# | Methanex Corp. | 208,917 | 9,627,732 | |||||
Methanex Corp. | 127,282 | 5,860,063 | ||||||
Neo Performance Materials, Inc. | 9,364 | 129,969 | ||||||
* | New Gold, Inc. | 3,469,405 | 3,670,458 | |||||
#* | Northern Dynasty Minerals, Ltd. | 76,877 | 34,596 | |||||
* | OceanaGold Corp. | 3,696,713 | 6,041,525 | |||||
* | Orbite Technologies, Inc. | 73,500 | 0 | |||||
Osisko Gold Royalties, Ltd. | 612,626 | 6,882,732 | ||||||
# | Osisko Gold Royalties, Ltd. | 15,020 | 168,675 | |||||
#* | Osisko Mining, Inc. | 659,420 | 1,223,462 | |||||
#* | PolyMet Mining Corp. | 64,208 | 197,704 | |||||
#* | Pretium Resources, Inc. | 355,066 | 3,422,836 | |||||
#* | Pretium Resources, Inc. | 537,202 | 5,195,582 | |||||
#* | Sabina Gold & Silver Corp. | 1,438,714 | 1,658,394 | |||||
* | Sandstorm Gold, Ltd. | 904,360 | 5,205,104 | |||||
* | Sandstorm Gold, Ltd. | 285,675 | 1,645,488 | |||||
#* | Seabridge Gold, Inc. | 115,446 | 1,778,266 | |||||
* | Seabridge Gold, Inc. | 111,464 | 1,722,119 | |||||
* | Sierra Metals, Inc. | 6,100 | 10,980 | |||||
# | SSR Mining, Inc. | 988,019 | 14,368,630 | |||||
SSR Mining, Inc. | 180,704 | 2,629,243 | ||||||
Stelco Holdings, Inc. | 190,152 | 5,572,748 | ||||||
Stella-Jones, Inc. | 301,231 | 10,143,299 | ||||||
#* | Taseko Mines, Ltd. | 1,510,625 | 2,838,534 | |||||
* | Torex Gold Resources, Inc. | 458,504 | 4,582,868 | |||||
# | Transcontinental, Inc., Class A | 390,637 | 6,205,287 | |||||
#* | Treasury Metals, Inc. | 25,002 | 14,015 | |||||
#* | Trevali Mining Corp. | 2,559,289 | 353,605 | |||||
* | Turquoise Hill Resources, Ltd. | 212,458 | 3,135,880 | |||||
* | Turquoise Hill Resources, Ltd. | 307,670 | 4,549,698 | |||||
* | Victoria Gold Corp. | 20,843 | 247,990 | |||||
* | Wallbridge Mining Co., Ltd. | 350,615 | 146,712 | |||||
#* | Wesdome Gold Mines, Ltd. | 749,214 | 6,003,886 | |||||
Western Forest Products, Inc. | 1,907,526 | 3,313,246 | ||||||
# | Winpak, Ltd. | 148,779 | 4,810,122 | |||||
# | Yamana Gold, Inc. | 4,784,888 | 18,888,710 | |||||
Yamana Gold, Inc. | 118,400 | 468,864 | ||||||
|
| |||||||
TOTAL MATERIALS | 332,139,214 | |||||||
|
| |||||||
REAL ESTATE (3.3%) |
| |||||||
# | Altus Group, Ltd. | 261,893 | 12,778,294 | |||||
Bridgemarq Real Estate Services | 53,069 | 697,615 | ||||||
Colliers International Group, Inc. | 134,012 | 17,154,086 | ||||||
Colliers International Group, Inc. | 4,163 | 531,657 | ||||||
DREAM Unlimited Corp., Class A | 246,187 | 5,446,202 | ||||||
Information Services Corp. | 27,105 | 591,919 | ||||||
#* | Invesque, Inc. | 191,266 | 397,833 | |||||
* | Mainstreet Equity Corp. | 31,349 | 2,665,135 | |||||
Melcor Developments, Ltd. | 55,340 | 661,930 | ||||||
Morguard Corp. | 22,184 | 2,332,946 | ||||||
#* | Real Matters, Inc. | 350,220 | 2,776,100 | |||||
# | Tricon Residential, Inc. | 539,923 | 7,204,089 | |||||
|
| |||||||
TOTAL REAL ESTATE | 53,237,806 | |||||||
|
| |||||||
UTILITIES (8.3%) |
| |||||||
# | AltaGas, Ltd. | 508,361 | 10,029,955 |
THE CANADIAN SMALL COMPANY SERIES
CONTINUED
Shares | Value» | |||||||
UTILITIES (Continued) |
| |||||||
# | Atco, Ltd., Class I | 375,286 | $ | 12,038,426 | ||||
# | Boralex, Inc., Class A | 549,954 | 16,238,970 | |||||
# | Brookfield Infrastructure Corp., Class A | 337,306 | 20,220,784 | |||||
# | Capital Power Corp. | 771,649 | 26,020,155 | |||||
# | Innergex Renewable Energy, Inc. | 622,209 | 9,972,242 | |||||
* | Maxim Power Corp. | 61,434 | 151,330 | |||||
Polaris Infrastructure, Inc. | 115,463 | 1,577,064 | ||||||
# | Superior Plus Corp. | 815,679 | 8,713,198 | |||||
TransAlta Corp. | 16,789 | 177,292 | ||||||
TransAlta Corp. | 1,784,708 | 18,853,145 | ||||||
# | TransAlta Renewables, Inc. | 614,934 | 9,219,640 | |||||
|
| |||||||
TOTAL UTILITIES | 133,212,201 | |||||||
|
| |||||||
TOTAL COMMON STOCKS | 1,353,060,746 | |||||||
|
| |||||||
RIGHTS/WARRANTS (0.0%) |
| |||||||
ENERGY (0.0%) |
| |||||||
* | Cenovus Energy, Inc. Warrants 01/01/26 | 41,142 | 242,967 | |||||
|
| |||||||
TOTAL INVESTMENT SECURITIES | 1,353,303,713 | |||||||
|
|
Value | ||||||||
SECURITIES LENDING COLLATERAL (15.9%) |
| |||||||
@§ | The DFA Short Term Investment Fund | 22,186,912 | 256,702,574 | |||||
|
| |||||||
TOTAL INVESTMENTS (100.0%) | ||||||||
(Cost $1,318,529,803)^^ | $ | 1,610,006,287 | ||||||
|
|
Summary of the Series investments as of September 30, 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 | $ | 19,948,917 | | | $ | 19,948,917 | ||||||||||
Consumer Discretionary | 84,090,125 | $ | 45,122 | | 84,135,247 | |||||||||||
Consumer Staples | 72,449,487 | | | 72,449,487 | ||||||||||||
Energy | 266,714,073 | 11,549 | | 266,725,622 | ||||||||||||
Financials | 157,473,162 | | | 157,473,162 | ||||||||||||
Health Care | 19,701,218 | 1,899,511 | | 21,600,729 | ||||||||||||
Industrials | 167,710,614 | | | 167,710,614 | ||||||||||||
Information Technology | 44,427,747 | | | 44,427,747 | ||||||||||||
Materials | 331,822,505 | 316,709 | | 332,139,214 | ||||||||||||
Real Estate | 53,237,806 | | | 53,237,806 | ||||||||||||
Utilities | 133,212,201 | | | 133,212,201 | ||||||||||||
Rights/Warrants | ||||||||||||||||
Energy | | 242,967 | | 242,967 | ||||||||||||
Securities Lending Collateral | | 256,702,574 | | 256,702,574 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 1,350,787,855 | $ | 259,218,432 | | $ | 1,610,006,287 | |||||||||
|
|
|
|
|
|
|
|
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 September 30, 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 increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Series. Upon entering into a futures contract, a Series deposits cash or pledges U.S. Government securities to a broker in an amount equal to the minimum initial margin requirements of the exchange on which the contract is traded. Subsequent payments are received from or paid to the broker each day, based on the daily fluctuation in the market value of the contract. These receipts or payments are known as variation margin and are recorded daily by the Series as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Series 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 September 30, 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 | $ | 3,012,749 | | | | |||||||||||
The Asia Pacific Small Company Series | 1,642,615 | | | | ||||||||||||
The United Kingdom Small Company Series | 1,497,336 | | | | ||||||||||||
The Continental Small Company Series | 4,814,082 | | | | ||||||||||||
The Canadian Small Company Series | 1,344,535 | | | |
RECENTLY ISSUED ACCOUNTING STANDARDS
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. Management has evaluated the implications of these changes and determined that the effect on the Series is expected to be immaterial.
In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 (the Derivatives Rule) imposes limits on the amount of derivatives contracts the Series could enter, eliminate the asset segregation framework currently used by the Series to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. The Derivatives Rule became effective February 19, 2021 and the Series are required to comply on August 19, 2022. Management is currently evaluating the effect, if any, the Derivatives Rule will have on the Series.
On December 3, 2020, the SEC adopted new rule 2a-5 (the _Valuation Rule) under the Investment Company Act of 1940, establishing an updated regulatory framework for fund valuation. The Valuation Rule, in part, provides a framework for good faith fair value determination and permits a Board to designate fair value determinations to a funds investment adviser. Further, the SEC is rescinding previously issued guidance on related issues. The Valuation Rule became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating the Valuation Rule and its effect on the Series.
CORONAVIRUS (COVID-19) PANDEMIC
The ongoing outbreak of the novel coronavirus, COVID-19, has resulted, at times, in market closures, market volatility, liquidity constraints and increased trading costs. Efforts to contain the spread of COVID-19 have resulted in global travel restrictions and disruptions of healthcare systems, business operations and supply chains, layoffs, reduced consumer demand, defaults and credit rating downgrades, and other significant economic impacts. The effects of COVID-19 have impacted global economic activity and may heighten pre-existing political, social and economic risks, domestically or globally. The full impact of the COVID-19 pandemic is unpredictable and may adversely affect a Series performance.
SUBSEQUENT EVENT EVALUATIONS
On June 3, 2021, President Biden issued an Executive Order titled _Addressing the Threat from Securities Investments that Finance Certain Companies of the Peoples Republic of China (the Order). The Order restricts investment in certain companies identified as Chinese Military Industrial Complex Companies by the Office of Foreign Asset Control, an agency of the Department of Treasury and the Department of Defense. Management is currently evaluating the Orders effect on the Series.