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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-21145
SPDR® INDEX SHARES FUNDS
(Exact name of registrant as specified in charter)
One Iron Street, Boston, Massachusetts 02210
(Address of principal executive offices) (zip code)
Joshua A. Weinberg, Esq. Managing Director and Managing Counsel c/o SSGA Funds Management, Inc. One Iron Street Boston, Massachusetts 02210 |
(Name and address of agent for service) |
Copy to: |
W. John McGuire, Esq. Morgan, Lewis & Bockius LLP 1111 Pennsylvania Avenue, N.W. Washington, DC 20004 |
Registrant’s telephone number, including area code: (617) 664-7037
Date of fiscal year end: September 30
Date of reporting period: September 30, 2018
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Item 1. Report to Shareholders.
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SPDR Dow Jones Global Real Estate ETF |
SPDR Dow Jones International Real Estate ETF |
SPDR S&P China ETF |
SPDR S&P Global Natural Resources ETF |
SPDR S&P International Small Cap ETF |
SPDR S&P North American Natural Resources ETF |
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1 | |
Management’s Discussion of Fund Performance, Performance Summaries & Portfolio Statistics (Unaudited) | |
3 | |
6 | |
9 | |
12 | |
15 | |
19 | |
Schedules of Investments | |
22 | |
31 | |
38 | |
47 | |
53 | |
61 | |
64 | |
76 | |
82 | |
97 | |
99 |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | Dow Jones Global Select Real Estate Securities Index | Net Value Asset | Market Value | Dow Jones Global Select Real Estate Securities Index | ||||
ONE YEAR | 3.60% | 3.41% | 3.23% | 3.60% | 3.41% | 3.23% | |||
FIVE YEARS | 33.34% | 33.00% | 31.60% | 5.92% | 5.87% | 5.65% | |||
TEN YEARS | 82.06% | 81.79% | 78.09% | 6.17% | 6.16% | 5.94% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Simon Property Group, Inc. REIT | 4.8% | ||
Prologis, Inc. REIT | 3.8 | ||
Public Storage REIT | 2.7 | ||
AvalonBay Communities, Inc. REIT | 2.2 | ||
Equity Residential REIT | 2.1 | ||
Welltower, Inc. REIT | 2.1 | ||
Mitsui Fudosan Co., Ltd. | 2.1 | ||
Digital Realty Trust, Inc. REIT | 2.0 | ||
Link REIT | 1.8 | ||
Ventas, Inc. REIT | 1.7 | ||
TOTAL | 25.3% |
% of Net Assets | |||
Equity Real Estate Investment Trusts (REITs) | 86.5% | ||
Real Estate Management & Development | 13.0 | ||
Diversified Financial Services | 0.0* | ||
Short-Term Investments | 0.6 | ||
Liabilities in Excess of Other Assets | (0.1) | ||
TOTAL | 100.0% |
* | Amount shown represents less than 0.05% of net assets. |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | Dow Jones Global ex-U.S. Select Real Estate Securities Index | Net Value Asset | Market Value | Dow Jones Global ex-U.S. Select Real Estate Securities Index | ||||
ONE YEAR | 2.87% | 2.59% | 3.13% | 2.87% | 2.59% | 3.13% | |||
FIVE YEARS | 13.52% | 12.86% | 15.28% | 2.57% | 2.45% | 2.89% | |||
TEN YEARS | 67.02% | 65.44% | 73.96% | 5.26% | 5.16% | 5.69% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Mitsui Fudosan Co., Ltd. | 4.9% | ||
Link REIT | 4.4 | ||
Unibail-Rodamco-Westfield | 4.0 | ||
Deutsche Wohnen SE | 3.6 | ||
Scentre Group REIT | 3.2 | ||
Goodman Group REIT | 2.6 | ||
Gecina SA REIT | 1.9 | ||
Unibail-Rodamco-Westfield | 1.8 | ||
Land Securities Group PLC REIT | 1.8 | ||
Segro PLC REIT | 1.8 | ||
TOTAL | 30.0% |
% of Net Assets | |||
Equity Real Estate Investment Trusts (REITs) | 68.6% | ||
Real Estate Management & Development | 30.8 | ||
Diversified Financial Services | 0.0* | ||
Short-Term Investments | 0.8 | ||
Liabilities in Excess of Other Assets | (0.2) | ||
TOTAL | 100.0% |
* | Amount shown represents less than 0.05% of net assets. |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P China BMI Index | Net Value Asset | Market Value | S&P China BMI Index | ||||
ONE YEAR | – 2.64% | – 3.65% | – 2.51% | – 2.64% | – 3.65% | – 2.51% | |||
FIVE YEARS | 44.62% | 44.25% | 44.97% | 7.66% | 7.60% | 7.71% | |||
TEN YEARS | 131.87% | 128.58% | 138.11% | 8.77% | 8.62% | 9.06% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Tencent Holdings, Ltd. | 13.1% | ||
Alibaba Group Holding, Ltd. ADR | 12.1 | ||
China Construction Bank Corp. Class H | 5.5 | ||
Baidu, Inc. ADR | 3.7 | ||
Industrial & Commercial Bank of China, Ltd. Class H | 3.3 | ||
China Mobile, Ltd. | 3.2 | ||
Ping An Insurance Group Co. of China, Ltd. Class H | 3.0 | ||
Bank of China, Ltd. Class H | 2.0 | ||
CNOOC, Ltd. | 1.9 | ||
China Petroleum & Chemical Corp. Class H | 1.5 | ||
TOTAL | 49.3% |
% of Net Assets | |||
Communication Services | 24.1% | ||
Financials | 22.0 | ||
Consumer Discretionary | 21.1 | ||
Industrials | 6.3 | ||
Energy | 5.6 | ||
Real Estate | 5.3 | ||
Health Care | 3.7 | ||
Information Technology | 3.3 | ||
Consumer Staples | 3.1 | ||
Utilities | 2.5 | ||
Materials | 2.3 | ||
Short-Term Investments | 1.5 | ||
Liabilities in Excess of Other Assets | (0.8) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Global Natural Resources Index | Net Value Asset | Market Value | S&P Global Natural Resources Index | ||||
ONE YEAR | 13.17% | 12.88% | 13.45% | 13.17% | 12.88% | 13.45% | |||
FIVE YEARS | 18.84% | 18.98% | 18.79% | 3.51% | 3.54% | 3.50% | |||
SINCE INCEPTION(1) | 22.13% | 22.13% | 22.50% | 2.51% | 2.51% | 2.55% | |||
(1) | For the period September 13, 2010 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/13/10, 9/14/10, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
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Description | % of Net Assets | ||
BHP Billiton, Ltd. | 5.1% | ||
Nutrien, Ltd. | 4.5 | ||
Exxon Mobil Corp. | 4.1 | ||
TOTAL SA | 4.0 | ||
Royal Dutch Shell PLC Class A | 3.7 | ||
BP PLC | 3.5 | ||
Glencore PLC | 3.4 | ||
Vale SA ADR | 3.4 | ||
Chevron Corp. | 2.7 | ||
UPM-Kymmene Oyj | 2.6 | ||
TOTAL | 37.0% |
% of Net Assets | |||
Metals & Mining | 33.3% | ||
Oil, Gas & Consumable Fuels | 31.9 | ||
Chemicals | 10.0 | ||
Containers & Packaging | 8.1 | ||
Paper & Forest Products | 6.9 | ||
Food Products | 4.5 | ||
Equity Real Estate Investment Trusts (REITs) | 2.1 | ||
Energy Equipment & Services | 1.4 | ||
Household Products | 0.9 | ||
Short-Term Investments | 0.5 | ||
Other Assets in Excess of Liabilities | 0.4 | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Developed Ex-U.S. Under USD2 Billion Index | Net Value Asset | Market Value | S&P Developed Ex-U.S. Under USD2 Billion Index | ||||
ONE YEAR | 4.02% | 3.33% | 3.89% | 4.02% | 3.33% | 3.89% | |||
FIVE YEARS | 37.45% | 37.48% | 37.57% | 6.57% | 6.57% | 6.59% | |||
TEN YEARS | 116.19% | 109.73% | 111.79% | 8.01% | 7.69% | 7.79% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Nikkon Holdings Co., Ltd. | 0.3% | ||
Wihlborgs Fastigheter AB | 0.3 | ||
NIPPON REIT Investment Corp. | 0.2 | ||
Iwatani Corp. | 0.2 | ||
Shochiku Co., Ltd. | 0.2 | ||
Toagosei Co., Ltd. | 0.2 | ||
Kanematsu Corp. | 0.2 | ||
Senior PLC | 0.2 | ||
Barco NV | 0.2 | ||
NET One Systems Co., Ltd. | 0.2 | ||
TOTAL | 2.2% |
% of Net Assets | |||
Industrials | 21.0% | ||
Consumer Discretionary | 14.5 | ||
Information Technology | 10.7 | ||
Materials | 10.6 | ||
Real Estate | 9.1 | ||
Financials | 9.1 | ||
Health Care | 8.3 | ||
Consumer Staples | 6.2 | ||
Communication Services | 4.3 | ||
Energy | 4.3 | ||
Utilities | 1.4 | ||
Short-Term Investments | 9.2 | ||
Liabilities in Excess of Other Assets | (8.7) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P BMI North American Natural Resources Index | Net Value Asset | Market Value | S&P BMI North American Natural Resources Index | ||||
ONE YEAR | 3.67% | 3.62% | 3.60% | 3.67% | 3.62% | 3.60% | |||
SINCE INCEPTION(1) | 47.56% | 47.61% | 47.48% | 14.92% | 14.94% | 14.93% | |||
(1) | For the period ended December 15, 2015 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (12/15/15, 12/16/15, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Exxon Mobil Corp. | 10.5% | ||
Chevron Corp. | 9.7 | ||
Nutrien, Ltd. | 6.2 | ||
Freeport-McMoRan, Inc. | 5.5 | ||
Archer-Daniels-Midland Co. | 4.8 | ||
Newmont Mining Corp. | 4.7 | ||
Barrick Gold Corp. | 3.8 | ||
ConocoPhillips | 3.8 | ||
Teck Resources, Ltd. Class B | 3.5 | ||
Franco-Nevada Corp. | 3.4 | ||
TOTAL | 55.9% |
% of Net Assets | |||
Oil, Gas & Consumable Fuels | 45.9% | ||
Metals & Mining | 33.1 | ||
Chemicals | 12.2 | ||
Food Products | 7.7 | ||
Paper & Forest Products | 0.6 | ||
Short-Term Investments | 7.1 | ||
Liabilities in Excess of Other Assets | (6.6) | ||
TOTAL | 100.0% |
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SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
AUSTRALIA — 4.6% | |||||
BWP Trust REIT | 1,001,238 | $ 2,419,650 | |||
Charter Hall Retail REIT | 664,780 | 2,039,447 | |||
Dexus REIT | 2,042,396 | 15,605,316 | |||
Goodman Group REIT | 3,243,518 | 24,313,348 | |||
GPT Group REIT | 3,632,367 | 13,692,923 | |||
Investa Office Fund REIT | 1,006,598 | 4,020,350 | |||
Scentre Group REIT | 10,775,361 | 30,952,166 | |||
Vicinity Centres REIT | 6,503,380 | 12,328,468 | |||
105,371,668 | |||||
AUSTRIA — 0.4% | |||||
CA Immobilien Anlagen AG | 147,977 | 5,290,319 | |||
IMMOFINANZ AG (a) | 187,480 | 4,886,488 | |||
10,176,807 | |||||
BELGIUM — 0.2% | |||||
Cofinimmo SA REIT | 42,894 | 5,350,814 | |||
BRAZIL — 0.2% | |||||
BR Malls Participacoes SA (a) | 1,783,921 | 4,297,259 | |||
CANADA — 1.2% | |||||
Artis Real Estate Investment Trust | 149,188 | 1,356,150 | |||
Boardwalk Real Estate Investment Trust | 46,491 | 1,804,466 | |||
Canadian Apartment Properties REIT | 143,113 | 5,280,101 | |||
Dream Office Real Estate Investment Trust | 60,832 | 1,138,423 | |||
First Capital Realty, Inc. | 350,714 | 5,290,827 | |||
H&R Real Estate Investment Trust | 283,272 | 4,354,491 | |||
RioCan Real Estate Investment Trust | 309,288 | 5,905,329 | |||
SmartCentres Real Estate Investment Trust | 132,578 | 3,129,317 | |||
28,259,104 | |||||
FRANCE — 4.4% | |||||
Covivio REIT | 109,086 | 11,371,625 | |||
Gecina SA REIT | 110,980 | 18,536,283 | |||
Klepierre SA REIT | 419,890 | 14,889,543 | |||
Mercialys SA REIT | 22,288 | 359,318 | |||
Unibail-Rodamco-Westfield (b) | 1,672,120 | 17,083,264 | |||
Unibail-Rodamco-Westfield (b) | 194,945 | 39,221,950 | |||
101,461,983 | |||||
GERMANY — 2.7% | |||||
alstria office REIT-AG | 319,263 | 4,739,129 | |||
Deutsche EuroShop AG | 102,532 | 3,320,253 |
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SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Deutsche Wohnen SE | 717,760 | $ 34,447,571 | |||
Grand City Properties SA | 209,119 | 5,421,341 | |||
LEG Immobilien AG | 127,034 | 15,086,981 | |||
63,015,275 | |||||
HONG KONG — 3.8% | |||||
Hang Lung Properties, Ltd. | 4,005,018 | 7,830,998 | |||
Hongkong Land Holdings, Ltd. | 2,380,800 | 15,760,896 | |||
Hysan Development Co., Ltd. | 1,235,731 | 6,245,851 | |||
Link REIT | 4,308,682 | 42,426,606 | |||
Wharf Real Estate Investment Co., Ltd. | 2,335,000 | 15,069,521 | |||
87,333,872 | |||||
JAPAN — 11.4% | |||||
Activia Properties, Inc. REIT | 1,287 | 5,574,715 | |||
Advance Residence Investment Corp. REIT | 2,732 | 6,980,027 | |||
Aeon Mall Co., Ltd. | 207,200 | 3,560,808 | |||
AEON REIT Investment Corp. | 3,007 | 3,232,422 | |||
Daiwa House REIT Investment Corp. | 3,510 | 8,031,421 | |||
Daiwa Office Investment Corp. REIT | 617 | 3,720,958 | |||
Frontier Real Estate Investment Corp. | 1,000 | 3,895,761 | |||
Fukuoka REIT Corp. | 1,611 | 2,493,409 | |||
GLP J-REIT | 7,719 | 7,509,350 | |||
Heiwa Real Estate Co., Ltd. | 71,300 | 1,261,725 | |||
Hoshino Resorts REIT, Inc. | 418 | 2,057,155 | |||
Hulic Co., Ltd. | 995,700 | 9,774,226 | |||
Hulic Reit, Inc. | 1,986 | 2,888,473 | |||
Industrial & Infrastructure Fund Investment Corp. REIT | 3,438 | 3,468,722 | |||
Invincible Investment Corp. REIT | 11,633 | 4,864,793 | |||
Japan Excellent, Inc. REIT | 2,643 | 3,504,299 | |||
Japan Hotel REIT Investment Corp. | 8,117 | 5,909,899 | |||
Japan Logistics Fund, Inc. REIT | 1,850 | 3,640,225 | |||
Japan Prime Realty Investment Corp. REIT | 1,874 | 6,681,956 | |||
Japan Real Estate Investment Corp. REIT | 2,803 | 14,707,822 | |||
Japan Rental Housing Investments, Inc. REIT | 3,319 | 2,623,993 | |||
Japan Retail Fund Investment Corp. REIT | 5,298 | 9,613,222 | |||
Kenedix Office Investment Corp. REIT | 866 | 5,527,579 | |||
Kenedix Residential Next Investment Corp. REIT | 1,789 | 2,738,981 | |||
Kenedix Retail REIT Corp. | 1,028 | 2,201,984 | |||
Leopalace21 Corp. | 503,000 | 2,803,178 | |||
MCUBS MidCity Investment Corp. REIT | 3,325 | 2,529,207 | |||
Mitsui Fudosan Co., Ltd. | 2,006,500 | 47,501,682 | |||
Mori Hills REIT Investment Corp. | 3,218 | 4,091,026 | |||
Mori Trust Sogo Reit, Inc. | 1,950 | 2,781,177 | |||
Nippon Building Fund, Inc. REIT | 2,858 | 16,531,285 |
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SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Nippon Prologis REIT, Inc. | 4,424 | $ 8,759,586 | |||
NIPPON REIT Investment Corp. | 911 | 2,947,506 | |||
Nomura Real Estate Master Fund, Inc. REIT | 8,747 | 11,951,705 | |||
NTT Urban Development Corp. | 221,200 | 2,535,567 | |||
Orix JREIT, Inc. REIT | 5,586 | 8,724,360 | |||
Premier Investment Corp. REIT | 2,694 | 2,831,920 | |||
Tokyu Fudosan Holdings Corp. | 1,037,500 | 7,234,230 | |||
Tokyu REIT, Inc. | 1,979 | 2,733,681 | |||
United Urban Investment Corp. REIT | 6,183 | 9,705,761 | |||
Unizo Holdings Co., Ltd. | 65,800 | 1,268,671 | |||
261,394,467 | |||||
MALTA — 0.0% (c) | |||||
BGP Holdings PLC (a)(d) | 1,313,937 | — | |||
MEXICO — 0.4% | |||||
Fibra Uno Administracion SA de CV REIT | 6,102,468 | 8,031,431 | |||
NETHERLANDS — 0.3% | |||||
Eurocommercial Properties NV | 82,258 | 3,013,415 | |||
Wereldhave NV REIT (e) | 81,501 | 2,863,567 | |||
5,876,982 | |||||
PHILIPPINES — 0.7% | |||||
SM Prime Holdings, Inc. | 23,281,500 | 15,577,017 | |||
ROMANIA — 0.4% | |||||
NEPI Rockcastle PLC | 958,874 | 8,709,737 | |||
SINGAPORE — 2.8% | |||||
Ascendas Real Estate Investment Trust | 5,157,120 | 9,964,355 | |||
CapitaLand Commercial Trust REIT | 5,563,908 | 7,248,331 | |||
CapitaLand Mall Trust REIT | 5,458,604 | 8,868,958 | |||
CapitaLand, Ltd. | 5,059,451 | 12,478,757 | |||
Keppel REIT | 3,656,612 | 3,184,666 | |||
Mapletree Commercial Trust REIT | 3,797,900 | 4,475,148 | |||
Mapletree Industrial Trust REIT | 2,538,700 | 3,678,872 | |||
Mapletree Logistics Trust REIT (e) | 4,270,973 | 3,844,767 | |||
Mapletree North Asia Commercial Trust REIT | 4,265,800 | 3,559,126 | |||
Suntec Real Estate Investment Trust | 4,534,695 | 6,405,358 | |||
63,708,338 | |||||
SOUTH AFRICA — 0.9% | |||||
Growthpoint Properties, Ltd. REIT | 6,012,698 | 9,870,151 | |||
Hyprop Investments, Ltd. REIT | 515,219 | 3,360,460 | |||
Redefine Properties, Ltd. REIT | 10,887,512 | 7,709,063 | |||
20,939,674 |
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SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SPAIN — 0.7% | |||||
Inmobiliaria Colonial Socimi SA REIT | 598,004 | $ 6,216,503 | |||
Martinsa Fadesa SA (a)(d) | 178 | — | |||
Merlin Properties Socimi SA REIT | 741,567 | 10,064,638 | |||
16,281,141 | |||||
SWEDEN — 0.9% | |||||
Castellum AB | 552,907 | 9,891,547 | |||
Fabege AB | 548,944 | 7,600,972 | |||
Kungsleden AB (e) | 380,127 | 2,795,428 | |||
20,287,947 | |||||
SWITZERLAND — 0.9% | |||||
PSP Swiss Property AG | 81,689 | 7,948,955 | |||
Swiss Prime Site AG (a) | 153,701 | 13,162,458 | |||
21,111,413 | |||||
THAILAND — 0.3% | |||||
Central Pattana PCL NVDR | 2,724,900 | 6,993,404 | |||
UNITED KINGDOM — 4.5% | |||||
British Land Co. PLC REIT | 2,011,344 | 16,178,000 | |||
Capital & Counties Properties PLC | 1,522,841 | 5,288,346 | |||
Derwent London PLC REIT | 224,270 | 8,355,559 | |||
Grainger PLC | 842,657 | 3,296,600 | |||
Great Portland Estates PLC REIT | 570,034 | 4,973,772 | |||
Hammerson PLC REIT | 1,605,261 | 9,560,284 | |||
Intu Properties PLC REIT (e) | 1,754,043 | 3,524,820 | |||
Land Securities Group PLC REIT | 1,520,441 | 17,515,441 | |||
Segro PLC REIT | 2,042,581 | 16,988,612 | |||
Shaftesbury PLC REIT | 466,422 | 5,507,590 | |||
Tritax Big Box REIT PLC | 2,982,198 | 5,736,178 | |||
UNITE Group PLC REIT | 532,363 | 6,199,454 | |||
103,124,656 | |||||
UNITED STATES — 57.8% | |||||
Acadia Realty Trust REIT | 164,921 | 4,622,736 | |||
Alexandria Real Estate Equities, Inc. REIT | 214,066 | 26,927,362 | |||
American Assets Trust, Inc. REIT | 76,423 | 2,849,814 | |||
American Campus Communities, Inc. REIT | 277,335 | 11,415,109 | |||
American Homes 4 Rent Class A, REIT | 520,116 | 11,385,339 | |||
Apartment Investment & Management Co. Class A, REIT | 318,456 | 14,053,464 | |||
Apple Hospitality REIT, Inc. | 438,224 | 7,664,538 | |||
Ashford Hospitality Trust, Inc. REIT | 171,616 | 1,096,626 | |||
AvalonBay Communities, Inc. REIT | 279,738 | 50,674,539 | |||
Boston Properties, Inc. REIT | 312,498 | 38,465,379 |
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SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Braemar Hotels & Resorts, Inc. REIT | 61,830 | $ 727,739 | |||
Brandywine Realty Trust REIT | 364,145 | 5,724,359 | |||
Brixmor Property Group, Inc. REIT | 612,498 | 10,724,843 | |||
Camden Property Trust REIT | 187,836 | 17,575,815 | |||
CBL & Associates Properties, Inc. REIT (e) | 354,684 | 1,415,189 | |||
Cedar Realty Trust, Inc. REIT | 158,521 | 738,708 | |||
Chatham Lodging Trust REIT | 92,831 | 1,939,240 | |||
Chesapeake Lodging Trust REIT | 122,276 | 3,921,391 | |||
Columbia Property Trust, Inc. REIT | 238,755 | 5,644,168 | |||
Corporate Office Properties Trust REIT | 209,684 | 6,254,874 | |||
Cousins Properties, Inc. REIT | 850,751 | 7,563,176 | |||
CubeSmart REIT | 374,824 | 10,693,729 | |||
DDR Corp. REIT | 295,171 | 3,952,340 | |||
DiamondRock Hospitality Co. REIT | 411,630 | 4,803,722 | |||
Digital Realty Trust, Inc. REIT | 417,112 | 46,916,758 | |||
Douglas Emmett, Inc. REIT | 326,711 | 12,323,539 | |||
Duke Realty Corp. REIT | 723,064 | 20,513,326 | |||
Easterly Government Properties, Inc. REIT | 123,377 | 2,389,812 | |||
EastGroup Properties, Inc. REIT | 71,977 | 6,882,441 | |||
Equity Commonwealth REIT | 245,842 | 7,889,070 | |||
Equity LifeStyle Properties, Inc. REIT | 180,282 | 17,388,199 | |||
Equity Residential REIT | 745,374 | 49,388,481 | |||
Essex Property Trust, Inc. REIT | 133,634 | 32,968,844 | |||
Extra Space Storage, Inc. REIT | 256,019 | 22,181,486 | |||
Federal Realty Investment Trust REIT | 148,686 | 18,804,318 | |||
First Industrial Realty Trust, Inc. REIT | 254,994 | 8,006,812 | |||
Forest City Realty Trust, Inc. Class A, REIT | 540,752 | 13,567,468 | |||
Franklin Street Properties Corp. REIT | 221,951 | 1,773,388 | |||
HCP, Inc. REIT | 950,896 | 25,027,583 | |||
Healthcare Realty Trust, Inc. REIT | 253,454 | 7,416,064 | |||
Hersha Hospitality Trust REIT | 73,364 | 1,663,162 | |||
Highwoods Properties, Inc. REIT | 209,381 | 9,895,346 | |||
Hospitality Properties Trust REIT | 332,638 | 9,593,280 | |||
Host Hotels & Resorts, Inc. REIT | 1,501,032 | 31,671,775 | |||
Hudson Pacific Properties, Inc. REIT | 317,147 | 10,377,050 | |||
Independence Realty Trust, Inc. REIT | 177,495 | 1,869,022 | |||
Invitation Homes, Inc. REIT | 600,452 | 13,756,355 | |||
JBG SMITH Properties REIT | 219,202 | 8,073,210 | |||
Kilroy Realty Corp. REIT | 203,185 | 14,566,333 | |||
Kimco Realty Corp. REIT | 852,813 | 14,276,090 | |||
Kite Realty Group Trust REIT | 169,332 | 2,819,378 | |||
LaSalle Hotel Properties REIT | 223,461 | 7,729,516 | |||
Liberty Property Trust REIT | 299,150 | 12,639,087 | |||
Life Storage, Inc. REIT | 94,331 | 8,976,538 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
LTC Properties, Inc. REIT | 80,259 | $ 3,540,224 | |||
Macerich Co. REIT | 214,128 | 11,839,137 | |||
Mack-Cali Realty Corp. REIT | 182,778 | 3,885,860 | |||
Mid-America Apartment Communities, Inc. REIT | 230,283 | 23,069,751 | |||
National Storage Affiliates Trust REIT | 114,248 | 2,906,469 | |||
NorthStar Realty Europe Corp. REIT | 103,493 | 1,465,461 | |||
Paramount Group, Inc. REIT | 420,973 | 6,352,483 | |||
Park Hotels & Resorts, Inc. REIT | 407,129 | 13,361,974 | |||
Pebblebrook Hotel Trust REIT (e) | 139,725 | 5,081,798 | |||
Pennsylvania Real Estate Investment Trust | 129,733 | 1,227,274 | |||
Piedmont Office Realty Trust, Inc. Class A, REIT | 259,758 | 4,917,219 | |||
Prologis, Inc. REIT | 1,274,050 | 86,367,849 | |||
PS Business Parks, Inc. REIT | 40,350 | 5,128,081 | |||
Public Storage REIT | 303,218 | 61,137,845 | |||
QTS Realty Trust, Inc. Class A, REIT | 103,216 | 4,404,227 | |||
Ramco-Gershenson Properties Trust REIT | 164,043 | 2,230,985 | |||
Regency Centers Corp. REIT | 342,956 | 22,178,965 | |||
Retail Opportunity Investments Corp. REIT (e) | 228,254 | 4,261,502 | |||
Retail Properties of America, Inc. Class A, REIT | 444,290 | 5,415,895 | |||
Retail Value, Inc. REIT (a) | 30,778 | 1,006,133 | |||
Rexford Industrial Realty, Inc. REIT | 184,773 | 5,905,345 | |||
RLJ Lodging Trust REIT | 354,771 | 7,815,605 | |||
Ryman Hospitality Properties, Inc. REIT | 103,887 | 8,951,943 | |||
Saul Centers, Inc. REIT | 23,232 | 1,300,992 | |||
Senior Housing Properties Trust REIT | 480,943 | 8,445,359 | |||
Seritage Growth Properties Class A, REIT (e) | 53,980 | 2,563,510 | |||
Simon Property Group, Inc. REIT | 625,778 | 110,606,261 | |||
SL Green Realty Corp. REIT | 175,244 | 17,091,547 | |||
Summit Hotel Properties, Inc. REIT | 211,981 | 2,868,103 | |||
Sun Communities, Inc. REIT | 164,594 | 16,712,875 | |||
Sunstone Hotel Investors, Inc. REIT | 464,452 | 7,598,435 | |||
Tanger Factory Outlet Centers, Inc. REIT (e) | 190,083 | 4,349,099 | |||
Taubman Centers, Inc. REIT | 123,452 | 7,386,133 | |||
Tier REIT, Inc. | 105,185 | 2,534,958 | |||
UDR, Inc. REIT | 541,725 | 21,901,942 | |||
Universal Health Realty Income Trust REIT | 26,277 | 1,955,272 | |||
Urban Edge Properties REIT | 230,775 | 5,095,512 | |||
Ventas, Inc. REIT | 721,384 | 39,228,862 | |||
Vornado Realty Trust REIT | 350,327 | 25,573,871 | |||
Washington Prime Group, Inc. REIT (e) | 376,528 | 2,748,654 | |||
Washington Real Estate Investment Trust | 159,201 | 4,879,511 | |||
Weingarten Realty Investors REIT | 241,095 | 7,174,987 | |||
Welltower, Inc. REIT | 752,908 | 48,427,043 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Xenia Hotels & Resorts, Inc. REIT | 226,493 | $ 5,367,884 | |||
1,328,440,765 | |||||
TOTAL COMMON STOCKS (Cost $2,200,153,853) | 2,285,743,754 |
SHORT-TERM INVESTMENTS — 0.6% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (f) (g) | 3,565,512 | 3,565,512 | |
State Street Navigator Securities Lending Government Money Market Portfolio (f) (h) | 10,956,272 | 10,956,272 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $14,521,784) | 14,521,784 | ||
TOTAL INVESTMENTS — 100.1% (Cost $2,214,675,637) | 2,300,265,538 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.1)% | (1,994,554) | ||
NET ASSETS — 100.0% | $ 2,298,270,984 |
(a) | Non-income producing security. |
(b) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(c) | Amount shown represents less than 0.05% of net assets. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the securities is $0, representing 0.0% of the Fund's net assets. |
(e) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(f) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(h) | Investment of cash collateral for securities loaned. |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 105,371,668 | $— | $0(a) | $ 105,371,668 | ||||
Austria | 10,176,807 | — | — | 10,176,807 | ||||
Belgium | 5,350,814 | — | — | 5,350,814 | ||||
Brazil | 4,297,259 | — | — | 4,297,259 | ||||
Canada | 28,259,104 | — | — | 28,259,104 | ||||
France | 101,461,983 | — | — | 101,461,983 | ||||
Germany | 63,015,275 | — | — | 63,015,275 | ||||
Hong Kong | 87,333,872 | — | — | 87,333,872 | ||||
Japan | 261,394,467 | — | — | 261,394,467 | ||||
Malta | — | — | 0(a) | 0 | ||||
Mexico | 8,031,431 | — | — | 8,031,431 | ||||
Netherlands | 5,876,982 | — | — | 5,876,982 | ||||
Philippines | 15,577,017 | — | — | 15,577,017 | ||||
Romania | 8,709,737 | — | — | 8,709,737 | ||||
Singapore | 63,708,338 | — | — | 63,708,338 | ||||
South Africa | 20,939,674 | — | — | 20,939,674 | ||||
Spain | 16,281,141 | — | 0(a) | 16,281,141 | ||||
Sweden | 20,287,947 | — | — | 20,287,947 | ||||
Switzerland | 21,111,413 | — | — | 21,111,413 | ||||
Thailand | 6,993,404 | — | — | 6,993,404 | ||||
United Kingdom | 103,124,656 | — | — | 103,124,656 | ||||
United States | 1,328,440,765 | — | — | 1,328,440,765 | ||||
Short-Term Investments | 14,521,784 | — | — | 14,521,784 | ||||
TOTAL INVESTMENTS | $2,300,265,538 | $— | $ 0 | $2,300,265,538 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 3,970,115 | $ 3,970,115 | $227,055,356 | $227,459,959 | $— | $— | 3,565,512 | $ 3,565,512 | $ 65,053 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 22,923,440 | 22,923,440 | 507,243,687 | 519,210,855 | — | — | 10,956,272 | 10,956,272 | 319,267 | ||||||||
Total | $26,893,555 | $734,299,043 | $746,670,814 | $— | $— | $14,521,784 | $384,320 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.4% | |||||
AUSTRALIA — 11.0% | |||||
BWP Trust REIT | 3,113,130 | $ 7,523,370 | |||
Charter Hall Retail REIT | 2,122,471 | 6,511,429 | |||
Dexus REIT | 6,343,844 | 48,471,350 | |||
Goodman Group REIT | 10,074,628 | 75,519,217 | |||
GPT Group REIT | 11,282,423 | 42,531,314 | |||
Investa Office Fund REIT | 3,117,770 | 12,452,365 | |||
Scentre Group REIT | 33,469,139 | 96,139,919 | |||
Vicinity Centres REIT | 20,200,022 | 38,293,216 | |||
327,442,180 | |||||
AUSTRIA — 1.1% | |||||
CA Immobilien Anlagen AG | 458,606 | 16,395,603 | |||
IMMOFINANZ AG (a) | 580,899 | 15,140,580 | |||
31,536,183 | |||||
BELGIUM — 0.6% | |||||
Cofinimmo SA REIT | 132,938 | 16,583,357 | |||
BRAZIL — 0.4% | |||||
BR Malls Participacoes SA (a) | 5,511,116 | 13,275,641 | |||
CANADA — 3.0% | |||||
Artis Real Estate Investment Trust | 485,079 | 4,409,468 | |||
Boardwalk Real Estate Investment Trust | 145,678 | 5,654,236 | |||
Canadian Apartment Properties REIT | 445,841 | 16,449,139 | |||
Dream Office Real Estate Investment Trust | 191,720 | 3,587,890 | |||
First Capital Realty, Inc. | 1,087,011 | 16,398,510 | |||
H&R Real Estate Investment Trust | 877,516 | 13,489,280 | |||
RioCan Real Estate Investment Trust | 958,661 | 18,304,002 | |||
SmartCentres Real Estate Investment Trust | 420,363 | 9,922,076 | |||
88,214,601 | |||||
FRANCE — 10.5% | |||||
Covivio REIT | 338,829 | 35,321,088 | |||
Gecina SA REIT | 344,826 | 57,594,092 | |||
Klepierre SA REIT | 1,304,213 | 46,248,151 | |||
Mercialys SA REIT | 69,344 | 1,117,937 | |||
Unibail-Rodamco-Westfield (b) | 5,332,529 | 54,479,941 | |||
Unibail-Rodamco-Westfield (b) | 598,113 | 120,337,315 | |||
315,098,524 | |||||
GERMANY — 6.5% | |||||
alstria office REIT-AG | 989,446 | 14,687,301 | |||
Deutsche EuroShop AG | 317,435 | 10,279,373 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Deutsche Wohnen SE | 2,229,422 | $ 106,997,009 | |||
Grand City Properties SA | 648,095 | 16,801,649 | |||
LEG Immobilien AG | 394,580 | 46,861,634 | |||
195,626,966 | |||||
HONG KONG — 9.1% | |||||
Hang Lung Properties, Ltd. | 12,418,755 | 24,282,349 | |||
Hongkong Land Holdings, Ltd. | 7,395,000 | 48,954,900 | |||
Hysan Development Co., Ltd. | 3,836,846 | 19,392,869 | |||
Link REIT | 13,382,355 | 131,772,988 | |||
Wharf Real Estate Investment Co., Ltd. | 7,266,000 | 46,892,995 | |||
271,296,101 | |||||
JAPAN — 27.1% | |||||
Activia Properties, Inc. REIT | 3,989 | 17,278,584 | |||
Advance Residence Investment Corp. REIT | 8,471 | 21,642,683 | |||
Aeon Mall Co., Ltd. | 641,440 | 11,023,382 | |||
AEON REIT Investment Corp. | 9,352 | 10,053,081 | |||
Daiwa House REIT Investment Corp. | 10,885 | 24,906,559 | |||
Daiwa Office Investment Corp. REIT | 1,912 | 11,530,748 | |||
Frontier Real Estate Investment Corp. | 3,109 | 12,111,921 | |||
Fukuoka REIT Corp. | 4,983 | 7,712,386 | |||
GLP J-REIT | 23,934 | 23,283,946 | |||
Heiwa Real Estate Co., Ltd. | 223,800 | 3,960,364 | |||
Hoshino Resorts REIT, Inc. (c) | 1,290 | 6,348,638 | |||
Hulic Co., Ltd. | 3,084,490 | 30,278,702 | |||
Hulic Reit, Inc. | 6,187 | 8,998,480 | |||
Industrial & Infrastructure Fund Investment Corp. REIT | 10,646 | 10,741,133 | |||
Invincible Investment Corp. REIT | 36,057 | 15,078,642 | |||
Japan Excellent, Inc. REIT | 8,181 | 10,847,019 | |||
Japan Hotel REIT Investment Corp. | 25,164 | 18,321,634 | |||
Japan Logistics Fund, Inc. REIT | 5,728 | 11,270,925 | |||
Japan Prime Realty Investment Corp. REIT | 5,792 | 20,652,023 | |||
Japan Real Estate Investment Corp. REIT | 8,706 | 45,681,877 | |||
Japan Rental Housing Investments, Inc. REIT (c) | 10,525 | 8,321,037 | |||
Japan Retail Fund Investment Corp. REIT | 16,457 | 29,861,229 | |||
Kenedix Office Investment Corp. REIT | 2,691 | 17,176,344 | |||
Kenedix Residential Next Investment Corp. REIT (c) | 5,416 | 8,291,961 | |||
Kenedix Retail REIT Corp. (c) | 3,179 | 6,809,444 | |||
Leopalace21 Corp. (c) | 1,627,000 | 9,067,139 | |||
MCUBS MidCity Investment Corp. REIT (c) | 10,547 | 8,022,721 | |||
Mitsui Fudosan Co., Ltd. | 6,232,400 | 147,545,218 | |||
Mori Hills REIT Investment Corp. | 9,991 | 12,701,505 | |||
Mori Trust Sogo Reit, Inc. | 6,033 | 8,604,534 | |||
Nippon Building Fund, Inc. REIT | 8,877 | 51,346,472 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Nippon Prologis REIT, Inc. | 13,720 | $ 27,165,805 | |||
NIPPON REIT Investment Corp. | 2,825 | 9,140,181 | |||
Nomura Real Estate Master Fund, Inc. REIT | 27,168 | 37,121,747 | |||
NTT Urban Development Corp. (c) | 699,431 | 8,017,424 | |||
Orix JREIT, Inc. REIT | 17,324 | 27,057,073 | |||
Premier Investment Corp. REIT | 8,473 | 8,906,776 | |||
Tokyu Fudosan Holdings Corp. | 3,216,800 | 22,429,948 | |||
Tokyu REIT, Inc. | 6,124 | 8,459,353 | |||
United Urban Investment Corp. REIT | 19,204 | 30,145,470 | |||
Unizo Holdings Co., Ltd. | 202,800 | 3,910,129 | |||
811,824,237 | |||||
MALTA — 0.0% (d) | |||||
BGP Holdings PLC (a)(e) | 32,410,441 | — | |||
MEXICO — 0.8% | |||||
Fibra Uno Administracion SA de CV REIT | 18,919,196 | 24,899,470 | |||
NETHERLANDS — 0.6% | |||||
Eurocommercial Properties NV | 254,392 | 9,319,319 | |||
Wereldhave NV REIT (c) | 252,177 | 8,860,330 | |||
18,179,649 | |||||
PHILIPPINES — 1.6% | |||||
SM Prime Holdings, Inc. | 72,615,200 | 48,584,851 | |||
ROMANIA — 0.9% | |||||
NEPI Rockcastle PLC | 2,972,089 | 26,996,366 | |||
SINGAPORE — 6.6% | |||||
Ascendas Real Estate Investment Trust | 16,011,268 | 30,936,252 | |||
CapitaLand Commercial Trust REIT | 17,428,529 | 22,704,857 | |||
CapitaLand Mall Trust REIT (c) | 16,928,647 | 27,505,102 | |||
CapitaLand, Ltd. | 15,715,097 | 38,760,111 | |||
Keppel REIT | 11,565,253 | 10,072,566 | |||
Mapletree Commercial Trust REIT | 11,766,300 | 13,864,488 | |||
Mapletree Industrial Trust REIT | 7,870,700 | 11,405,559 | |||
Mapletree Logistics Trust REIT (c) | 13,226,702 | 11,906,791 | |||
Mapletree North Asia Commercial Trust REIT | 13,207,600 | 11,019,625 | |||
Suntec Real Estate Investment Trust | 14,057,276 | 19,856,217 | |||
198,031,568 | |||||
SOUTH AFRICA — 2.2% | |||||
Growthpoint Properties, Ltd. REIT | 18,678,887 | 30,662,347 | |||
Hyprop Investments, Ltd. REIT | 1,603,264 | 10,457,116 | |||
Redefine Properties, Ltd. REIT | 33,759,093 | 23,903,621 | |||
65,023,084 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SPAIN — 1.7% | |||||
Inmobiliaria Colonial Socimi SA REIT | 1,853,135 | $ 19,264,118 | |||
Martinsa Fadesa SA (a)(e) | 35,998 | — | |||
Merlin Properties Socimi SA REIT | 2,303,913 | 31,268,989 | |||
50,533,107 | |||||
SWEDEN — 2.1% | |||||
Castellum AB | 1,717,371 | 30,723,893 | |||
Fabege AB | 1,702,003 | 23,566,843 | |||
Kungsleden AB | 1,176,320 | 8,650,579 | |||
62,941,315 | |||||
SWITZERLAND — 2.2% | |||||
PSP Swiss Property AG | 253,323 | 24,650,237 | |||
Swiss Prime Site AG (a) | 477,409 | 40,883,766 | |||
65,534,003 | |||||
THAILAND — 0.7% | |||||
Central Pattana PCL NVDR | 8,448,459 | 21,682,811 | |||
UNITED KINGDOM — 10.7% | |||||
British Land Co. PLC REIT | 6,247,400 | 50,250,199 | |||
Capital & Counties Properties PLC | 4,719,026 | 16,387,686 | |||
Derwent London PLC REIT | 695,529 | 25,913,113 | |||
Grainger PLC | 2,608,694 | 10,205,599 | |||
Great Portland Estates PLC REIT | 1,766,566 | 15,413,988 | |||
Hammerson PLC REIT | 4,986,070 | 29,695,011 | |||
Intu Properties PLC REIT (c) | 5,392,692 | 10,836,833 | |||
Land Securities Group PLC REIT | 4,722,613 | 54,404,380 | |||
Segro PLC REIT | 6,342,991 | 52,756,104 | |||
Shaftesbury PLC REIT | 1,445,357 | 17,067,020 | |||
Tritax Big Box REIT PLC | 9,243,633 | 17,779,880 | |||
UNITE Group PLC REIT | 1,650,359 | 19,218,699 | |||
319,928,512 | |||||
TOTAL COMMON STOCKS (Cost $2,920,116,059) | 2,973,232,526 |
SHORT-TERM INVESTMENTS — 0.8% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (f) (g) | 2,860,224 | 2,860,224 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (f) (h) | 21,488,695 | $ 21,488,695 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $24,348,919) | 24,348,919 | |||||
TOTAL INVESTMENTS — 100.2% (Cost $2,944,464,978) | 2,997,581,445 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.2)% | (7,240,149) | |||||
NET ASSETS — 100.0% | $ 2,990,341,296 |
(a) | Non-income producing security. |
(b) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Amount is less than 0.05% of net assets. |
(e) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(f) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(h) | Investment of cash collateral for securities loaned. |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 327,442,180 | $— | $0(a) | $ 327,442,180 | ||||
Austria | 31,536,183 | — | — | 31,536,183 | ||||
Belgium | 16,583,357 | — | — | 16,583,357 | ||||
Brazil | 13,275,641 | — | — | 13,275,641 | ||||
Canada | 88,214,601 | — | — | 88,214,601 | ||||
France | 315,098,524 | — | — | 315,098,524 | ||||
Germany | 195,626,966 | — | — | 195,626,966 | ||||
Hong Kong | 271,296,101 | — | — | 271,296,101 | ||||
Japan | 811,824,237 | — | — | 811,824,237 | ||||
Malta | — | — | 0(a) | 0 | ||||
Mexico | 24,899,470 | — | — | 24,899,470 | ||||
Netherlands | 18,179,649 | — | — | 18,179,649 | ||||
Philippines | 48,584,851 | — | — | 48,584,851 | ||||
Romania | 26,996,366 | — | — | 26,996,366 | ||||
Singapore | 198,031,568 | — | — | 198,031,568 | ||||
South Africa | 65,023,084 | — | — | 65,023,084 | ||||
Spain | 50,533,107 | — | 0(a) | 50,533,107 | ||||
Sweden | 62,941,315 | — | — | 62,941,315 | ||||
Switzerland | 65,534,003 | — | — | 65,534,003 | ||||
Thailand | 21,682,811 | — | — | 21,682,811 | ||||
United Kingdom | 319,928,512 | — | — | 319,928,512 | ||||
Short-Term Investments | 24,348,919 | — | — | 24,348,919 | ||||
TOTAL INVESTMENTS | $2,997,581,445 | $— | $ 0 | $2,997,581,445 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 3,755,745 | $ 3,755,745 | $ 227,177,743 | $ 228,073,264 | $— | $— | 2,860,224 | $ 2,860,224 | $ 50,674 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 60,686,836 | 60,686,836 | 1,291,914,497 | 1,331,112,638 | — | — | 21,488,695 | 21,488,695 | 950,407 | ||||||||
Total | $64,442,581 | $1,519,092,240 | $1,559,185,902 | $— | $— | $24,348,919 | $1,001,081 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.3% | ||||||
AEROSPACE & DEFENSE — 0.1% | ||||||
Other Security | 1,712,000 | $ 1,128,950 | ||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||
Other Securities | 1,002,142 | 3,417,034 | ||||
AIRLINES — 0.3% | ||||||
Other Securities | 4,374,000 | 3,414,610 | ||||
AUTO COMPONENTS — 0.5% | ||||||
Other Securities | 3,884,400 | 5,407,601 | ||||
AUTOMOBILES — 2.0% | ||||||
Geely Automobile Holdings, Ltd. | 3,224,000 | 6,427,482 | ||||
Other Securities | 12,931,191 | 13,928,695 | ||||
20,356,177 | ||||||
BANKS — 14.8% | ||||||
Agricultural Bank of China, Ltd. Class H | 16,848,000 | 8,268,006 | ||||
Bank of China, Ltd. Class H | 47,204,700 | 20,993,541 | ||||
Bank of Communications Co., Ltd. Class H | 13,818,824 | 10,366,458 | ||||
China CITIC Bank Corp., Ltd. Class H | 7,109,471 | 4,551,937 | ||||
China Construction Bank Corp. Class H | 65,102,623 | 56,908,323 | ||||
China Merchants Bank Co., Ltd. Class H | 2,429,235 | 9,872,289 | ||||
Industrial & Commercial Bank of China, Ltd. Class H | 47,218,789 | 34,516,923 | ||||
Other Securities | 12,927,959 | 8,127,932 | ||||
153,605,409 | ||||||
BEVERAGES — 0.5% | ||||||
China Resources Beer Holdings Co., Ltd. | 1,043,667 | 4,194,728 | ||||
Other Securities | 1,658,000 | 1,449,078 | ||||
5,643,806 | ||||||
BIOTECHNOLOGY — 0.7% | ||||||
BeiGene, Ltd. ADR (a) | 28,623 | 4,929,453 | ||||
Other Securities | 572,639 | 2,370,541 | ||||
7,299,994 | ||||||
BUILDING PRODUCTS — 0.0% (b) | ||||||
Other Security | 353,000 | 200,299 | ||||
CAPITAL MARKETS — 1.2% | ||||||
Other Securities | 23,174,894 | 12,638,296 | ||||
CHEMICALS — 0.3% | ||||||
China Lumena New Materials Corp. (a)(c)(d) | 3,564,548 | — | ||||
Other Securities | 5,338,999 | 2,779,811 | ||||
2,779,811 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
COMMERCIAL SERVICES & SUPPLIES — 0.4% | ||||||
Other Securities | 3,982,125 | $ 3,945,058 | ||||
COMMUNICATIONS EQUIPMENT — 0.3% | ||||||
China Fiber Optic Network System Group, Ltd. (a)(d) | 1,131,600 | — | ||||
Other Securities | 4,182,707 | 2,790,822 | ||||
2,790,822 | ||||||
CONSTRUCTION & ENGINEERING — 1.0% | ||||||
Other Securities | 15,076,769 | 10,705,650 | ||||
CONSTRUCTION MATERIALS — 0.8% | ||||||
Anhui Conch Cement Co., Ltd. Class H | 843,500 | 5,093,404 | ||||
China Shanshui Cement Group, Ltd. (a)(c)(d) | 1,896,000 | — | ||||
Other Securities | 4,899,293 | 3,608,679 | ||||
8,702,083 | ||||||
CONSUMER FINANCE — 0.1% | ||||||
Other Securities | 17,826,900 | 989,551 | ||||
CONTAINERS & PACKAGING — 0.0% (b) | ||||||
Other Securities | 9,877,714 | 458,090 | ||||
DISTRIBUTORS — 0.0% (b) | ||||||
Other Security | 587,000 | 399,090 | ||||
DIVERSIFIED CONSUMER SERVICES — 1.2% | ||||||
New Oriental Education & Technology Group, Inc. ADR (a) | 78,932 | 5,841,757 | ||||
TAL Education Group ADR (a) | 187,497 | 4,820,548 | ||||
Other Securities | 2,644,497 | 1,885,826 | ||||
12,548,131 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.1% | ||||||
Other Security | 1,150,000 | 1,094,902 | ||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.1% | ||||||
China Telecom Corp., Ltd. Class H | 9,336,951 | 4,641,687 | ||||
China Unicom Hong Kong, Ltd. | 3,819,805 | 4,500,837 | ||||
Other Securities | 2,769,600 | 1,880,088 | ||||
11,022,612 | ||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||
Other Securities | 12,845,556 | 5,877,984 | ||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.3% | ||||||
AAC Technologies Holdings, Inc. | 462,245 | 4,802,684 | ||||
Anxin-China Holdings, Ltd. (a)(d) | 3,068,000 | — | ||||
Sunny Optical Technology Group Co., Ltd. | 425,000 | 4,904,536 | ||||
Other Securities | 4,774,495 | 4,172,951 | ||||
13,880,171 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||
Other Securities | 4,121,900 | $ 1,774,066 | ||||
ENTERTAINMENT — 1.1% | ||||||
NetEase, Inc. ADR | 45,910 | 10,478,957 | ||||
Other Security | 48,642 | 1,316,739 | ||||
11,795,696 | ||||||
FOOD & STAPLES RETAILING — 0.2% | ||||||
Other Security | 1,425,500 | 1,854,540 | ||||
FOOD PRODUCTS — 1.9% | ||||||
China Huishan Dairy Holdings Co., Ltd. (a)(c)(d) | 2,729,000 | — | ||||
China Mengniu Dairy Co., Ltd. (a) | 1,822,220 | 6,066,382 | ||||
Want Want China Holdings, Ltd. | 4,675,933 | 3,937,993 | ||||
Other Securities | 14,447,450 | 9,699,769 | ||||
19,704,144 | ||||||
GAS UTILITIES — 0.8% | ||||||
China Gas Holdings, Ltd. | 1,486,000 | 4,206,431 | ||||
Other Securities | 2,570,500 | 4,658,107 | ||||
8,864,538 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.2% | ||||||
Other Securities | 2,198,500 | 1,800,573 | ||||
HEALTH CARE PROVIDERS & SERVICES — 0.6% | ||||||
Sinopharm Group Co., Ltd. Class H | 764,400 | 3,741,456 | ||||
Other Securities | 1,120,000 | 2,136,733 | ||||
5,878,189 | ||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||
Other Security | 143,054 | 956,143 | ||||
HOTELS, RESTAURANTS & LEISURE — 1.3% | ||||||
Yum China Holdings, Inc. | 255,836 | 8,982,402 | ||||
Other Securities | 33,787,999 | 4,109,218 | ||||
13,091,620 | ||||||
HOUSEHOLD DURABLES — 0.3% | ||||||
Other Securities | 2,923,423 | 3,275,570 | ||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||
Other Security | 430,000 | 738,565 | ||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 1.1% | ||||||
Other Securities | 27,932,508 | 11,131,416 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
INDUSTRIAL CONGLOMERATES — 0.7% | ||||||
CITIC, Ltd. | 4,242,000 | $ 6,321,067 | ||||
Other Security | 317,000 | 702,473 | ||||
7,023,540 | ||||||
INSURANCE — 5.8% | ||||||
China Life Insurance Co., Ltd. Class H | 4,727,040 | 10,740,939 | ||||
China Pacific Insurance Group Co., Ltd. Class H | 1,569,400 | 6,057,059 | ||||
PICC Property & Casualty Co., Ltd. Class H | 4,456,287 | 5,262,188 | ||||
Ping An Insurance Group Co. of China, Ltd. Class H (c) | 3,058,600 | 31,074,991 | ||||
Other Securities | 6,131,111 | 7,697,810 | ||||
60,832,987 | ||||||
INTERNET & CATALOG RETAIL — 1.0% | ||||||
Ctrip.com International, Ltd. ADR (a) | 239,963 | 8,919,425 | ||||
Other Security | 225,749 | 1,408,674 | ||||
10,328,099 | ||||||
INTERACTIVE MEDIA & SERVICES — 18.5% | ||||||
58.com, Inc. ADR (a) | 49,913 | 3,673,597 | ||||
Baidu, Inc. ADR (a) | 168,321 | 38,491,646 | ||||
Tencent Holdings, Ltd. | 3,293,415 | 136,031,352 | ||||
Other Securities | 2,603,852 | 14,089,986 | ||||
192,286,581 | ||||||
INTERNET & DIRECT MARKETING RETAIL — 13.4% | ||||||
Alibaba Group Holding, Ltd. ADR (a) | 760,944 | 125,373,134 | ||||
JD.com, Inc. ADR (a) | 491,613 | 12,826,183 | ||||
Other Security | 14,411 | 700,086 | ||||
138,899,403 | ||||||
IT SERVICES — 0.5% | ||||||
Other Securities | 6,130,644 | 5,452,483 | ||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||
Other Securities | 681,000 | 2,759,837 | ||||
MACHINERY — 1.4% | ||||||
China Conch Venture Holdings, Ltd. | 1,048,000 | 3,656,328 | ||||
Other Securities | 11,553,130 | 10,741,169 | ||||
14,397,497 | ||||||
MARINE — 0.2% | ||||||
Other Securities | 5,090,575 | 1,969,227 | ||||
MEDIA — 0.2% | ||||||
Other Securities | 7,559,900 | 2,166,560 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
METALS & MINING — 0.9% | ||||||
China Metal Recycling Holdings, Ltd. (a)(c)(d) | 268,085 | $ — | ||||
Other Securities | 19,700,770 | 9,499,722 | ||||
9,499,722 | ||||||
MULTILINE RETAIL — 0.1% | ||||||
Other Securities | 2,140,120 | 728,866 | ||||
OIL, GAS & CONSUMABLE FUELS — 5.4% | ||||||
China Petroleum & Chemical Corp. Class H | 15,354,640 | 15,384,270 | ||||
China Shenhua Energy Co., Ltd. Class H | 2,158,700 | 4,932,658 | ||||
CNOOC, Ltd. | 9,735,174 | 19,283,978 | ||||
PetroChina Co., Ltd. Class H | 12,656,930 | 10,255,075 | ||||
Other Securities | 8,403,313 | 6,203,610 | ||||
56,059,591 | ||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||
Other Securities | 2,363,000 | 2,387,018 | ||||
PERSONAL PRODUCTS — 0.5% | ||||||
Hengan International Group Co., Ltd. | 513,500 | 4,738,041 | ||||
PHARMACEUTICALS — 1.9% | ||||||
China Animal Healthcare, Ltd. (a)(c)(d) | 763,600 | — | ||||
CSPC Pharmaceutical Group, Ltd. | 2,660,000 | 5,649,810 | ||||
Hua Han Health Industry Holdings, Ltd. (a)(c)(d) | 3,728,400 | — | ||||
Sino Biopharmaceutical, Ltd. | 4,625,500 | 4,315,218 | ||||
Other Securities | 8,751,732 | 9,568,976 | ||||
19,534,004 | ||||||
PROFESSIONAL SERVICES — 0.1% | ||||||
Other Security | 13,572 | 1,044,908 | ||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.3% | ||||||
China Evergrande Group (c) | 1,912,600 | 5,365,125 | ||||
China Overseas Land & Investment, Ltd. | 2,513,862 | 7,870,978 | ||||
China Resources Land, Ltd. | 1,762,555 | 6,171,837 | ||||
Country Garden Holdings Co., Ltd. | 4,324,500 | 5,454,743 | ||||
Sunac China Holdings, Ltd. (c) | 1,261,300 | 3,884,692 | ||||
Other Securities | 57,363,446 | 26,555,853 | ||||
55,303,228 | ||||||
ROAD & RAIL — 0.1% | ||||||
Other Securities | 2,665,300 | 1,470,530 | ||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||
Hanergy Thin Film Power Group, Ltd. (a)(c)(d) | 17,589,376 | — |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
Other Securities | 12,697,189 | $ 4,039,969 | ||||
4,039,969 | ||||||
SOFTWARE — 0.3% | ||||||
Other Securities | 2,749,610 | 3,598,874 | ||||
SPECIALTY RETAIL — 0.3% | ||||||
Other Securities | 11,972,248 | 2,752,091 | ||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.4% | ||||||
Coolpad Group, Ltd. (a)(d) | 2,629,400 | — | ||||
Other Securities | 5,945,600 | 4,658,938 | ||||
4,658,938 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.1% | ||||||
Shenzhou International Group Holdings, Ltd. | 425,000 | 5,453,105 | ||||
Other Securities | 8,847,118 | 6,004,271 | ||||
11,457,376 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.0% (b) | ||||||
Other Security | 1,806,000 | 177,717 | ||||
TRANSPORTATION INFRASTRUCTURE — 1.0% | ||||||
Other Securities | 12,150,961 | 10,841,350 | ||||
WATER UTILITIES — 0.6% | ||||||
Guangdong Investment, Ltd. | 2,124,000 | 3,773,032 | ||||
Other Securities | 6,286,400 | 2,560,445 | ||||
6,333,477 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.2% | ||||||
China Mobile, Ltd. | 3,341,004 | 32,940,799 | ||||
TOTAL COMMON STOCKS (Cost $908,672,905) | 1,032,853,904 | |||||
RIGHTS — 0.0% (b) | ||||||
METALS & MINING — 0.0% (b) | ||||||
Other Security (Cost: $156,417) | 1,159,600 | 4,446 | ||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e)(f) | 539,688 | 539,688 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
State Street Navigator Securities Lending Government Money Market Portfolio (e)(g) | 14,615,815 | $ 14,615,815 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $15,155,503) | 15,155,503 | ||||
TOTAL INVESTMENTS — 100.8% (Cost $923,984,825) | 1,048,013,853 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)% | (8,413,106) | ||||
NET ASSETS — 100.0% | $ 1,039,600,747 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Non-income producing security. |
(b) | Amount is less than 0.05% of net assets. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the securities is $0, representing 0.0% of the Fund's net assets. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
ADR= | American Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Aerospace & Defense | $ 1,128,950 | $ — | $ — | $ 1,128,950 | ||||
Air Freight & Logistics | 3,417,034 | — | — | 3,417,034 | ||||
Airlines | 3,414,610 | — | — | 3,414,610 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Auto Components | $ 5,407,601 | $ — | $ — | $ 5,407,601 | ||||
Automobiles | 20,356,177 | — | — | 20,356,177 | ||||
Banks | 153,605,409 | — | — | 153,605,409 | ||||
Beverages | 5,643,806 | — | — | 5,643,806 | ||||
Biotechnology | 7,299,994 | — | — | 7,299,994 | ||||
Building Products | 200,299 | — | — | 200,299 | ||||
Capital Markets | 12,638,296 | — | — | 12,638,296 | ||||
Chemicals | 2,779,811 | — | 0(a) | 2,779,811 | ||||
Commercial Services & Supplies | 3,945,058 | — | — | 3,945,058 | ||||
Communications Equipment | 2,684,412 | 106,410 | 0(a) | 2,790,822 | ||||
Construction & Engineering | 10,705,650 | — | — | 10,705,650 | ||||
Construction Materials | 8,702,083 | — | 0(a) | 8,702,083 | ||||
Consumer Finance | 989,551 | — | — | 989,551 | ||||
Containers & Packaging | 458,090 | — | — | 458,090 | ||||
Distributors | 399,090 | — | — | 399,090 | ||||
Diversified Consumer Services | 12,548,131 | — | — | 12,548,131 | ||||
Diversified Financial Services | 1,094,902 | — | — | 1,094,902 | ||||
Diversified Telecommunication Services | 11,022,612 | — | — | 11,022,612 | ||||
Electrical Equipment | 5,839,040 | 38,944 | — | 5,877,984 | ||||
Electronic Equipment, Instruments & Components | 13,880,171 | — | 0(a) | 13,880,171 | ||||
Energy Equipment & Services | 1,774,066 | — | — | 1,774,066 | ||||
Entertainment | 11,795,696 | — | — | 11,795,696 | ||||
Food & Staples Retailing | 1,854,540 | — | — | 1,854,540 | ||||
Food Products | 19,523,181 | 180,963 | 0(a) | 19,704,144 | ||||
Gas Utilities | 8,864,538 | — | — | 8,864,538 | ||||
Health Care Equipment & Supplies | 1,800,573 | — | — | 1,800,573 | ||||
Health Care Providers & Services | 5,878,189 | — | — | 5,878,189 | ||||
Health Care Technology | 956,143 | — | — | 956,143 | ||||
Hotels, Restaurants & Leisure | 13,091,620 | — | — | 13,091,620 | ||||
Household Durables | 3,275,570 | — | — | 3,275,570 | ||||
Household Products | 738,565 | — | — | 738,565 | ||||
Independent Power and Renewable Electricity Producers | 11,131,416 | — | — | 11,131,416 | ||||
Industrial Conglomerates | 7,023,540 | — | — | 7,023,540 | ||||
Insurance | 60,832,987 | — | — | 60,832,987 | ||||
Internet & Catalog Retail | 10,328,099 | — | — | 10,328,099 | ||||
Interactive Media & Services | 192,159,847 | 126,734 | — | 192,286,581 | ||||
Internet & Direct Marketing Retail | 138,899,403 | — | — | 138,899,403 | ||||
IT Services | 5,452,483 | — | — | 5,452,483 | ||||
Life Sciences Tools & Services | 2,759,837 | — | — | 2,759,837 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Machinery | $ 14,397,497 | $ — | $ — | $ 14,397,497 | ||||
Marine | 1,969,227 | — | — | 1,969,227 | ||||
Media | 2,166,560 | — | — | 2,166,560 | ||||
Metals & Mining | 9,499,722 | — | 0(a) | 9,499,722 | ||||
Multiline Retail | 728,866 | — | — | 728,866 | ||||
Oil, Gas & Consumable Fuels | 56,059,591 | — | — | 56,059,591 | ||||
Paper & Forest Products | 2,387,018 | — | — | 2,387,018 | ||||
Personal Products | 4,738,041 | — | — | 4,738,041 | ||||
Pharmaceuticals | 19,534,004 | — | 0(a) | 19,534,004 | ||||
Professional Services | 1,044,908 | — | — | 1,044,908 | ||||
Real Estate Management & Development | 55,303,228 | — | — | 55,303,228 | ||||
Road & Rail | 1,470,530 | — | — | 1,470,530 | ||||
Semiconductors & Semiconductor Equipment | 4,039,969 | — | 0(a) | 4,039,969 | ||||
Software | 3,598,874 | — | — | 3,598,874 | ||||
Specialty Retail | 2,752,091 | — | — | 2,752,091 | ||||
Technology Hardware, Storage & Peripherals | 4,658,938 | — | 0(a) | 4,658,938 | ||||
Textiles, Apparel & Luxury Goods | 11,457,376 | — | — | 11,457,376 | ||||
Trading Companies & Distributors | 177,717 | — | — | 177,717 | ||||
Transportation Infrastructure | 10,841,350 | — | — | 10,841,350 | ||||
Water Utilities | 6,333,477 | — | — | 6,333,477 | ||||
Wireless Telecommunication Services | 32,940,799 | — | — | 32,940,799 | ||||
Rights | ||||||||
Metals & Mining | — | 4,446 | — | 4,446 | ||||
Short-Term Investments | 15,155,503 | — | — | 15,155,503 | ||||
TOTAL INVESTMENTS | $1,047,556,356 | $457,497 | $ 0 | $1,048,013,853 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 2,785,729 | $ 2,785,729 | $ 71,959,236 | $ 74,205,277 | $— | $— | 539,688 | $ 539,688 | $ 24,359 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 22,187,451 | 22,187,451 | 121,229,540 | 128,801,176 | — | — | 14,615,815 | 14,615,815 | 659,391 | ||||||||
Total | $24,973,180 | $193,188,776 | $203,006,453 | $— | $— | $15,155,503 | $683,750 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.1% | |||||
AUSTRALIA — 9.1% | |||||
Amcor, Ltd. | 2,239,738 | $ 22,169,302 | |||
BHP Billiton, Ltd. | 3,153,934 | 79,026,691 | |||
Fortescue Metals Group, Ltd. | 1,722,975 | 4,886,903 | |||
Newcrest Mining, Ltd. | 773,040 | 10,856,659 | |||
South32, Ltd. | 5,212,839 | 14,785,264 | |||
Woodside Petroleum, Ltd. | 337,722 | 9,427,364 | |||
141,152,183 | |||||
AUSTRIA — 0.3% | |||||
Voestalpine AG | 111,621 | 5,108,121 | |||
BRAZIL — 4.3% | |||||
Fibria Celulose SA ADR | 439,207 | 8,138,506 | |||
Petroleo Brasileiro SA ADR | 537,084 | 6,482,604 | |||
Vale SA ADR (a) | 3,539,746 | 52,529,830 | |||
67,150,940 | |||||
CANADA — 10.5% | |||||
Barrick Gold Corp. | 1,186,357 | 13,144,835 | |||
Canadian Natural Resources, Ltd. | 394,576 | 12,881,872 | |||
Franco-Nevada Corp. | 188,427 | 11,778,510 | |||
Goldcorp, Inc. | 880,143 | 8,960,763 | |||
Imperial Oil, Ltd. | 89,112 | 2,881,697 | |||
Nutrien, Ltd. | 1,226,673 | 70,779,032 | |||
Suncor Energy, Inc. | 589,489 | 22,793,331 | |||
Teck Resources, Ltd. Class B | 512,118 | 12,333,462 | |||
Wheaton Precious Metals Corp. | 448,454 | 7,840,833 | |||
163,394,335 | |||||
CHILE — 0.8% | |||||
Antofagasta PLC | 358,292 | 3,994,820 | |||
Sociedad Quimica y Minera de Chile SA ADR (a) | 179,921 | 8,225,988 | |||
12,220,808 | |||||
CHINA — 0.7% | |||||
CNOOC, Ltd. | 5,796,000 | 11,481,041 | |||
COLOMBIA — 0.2% | |||||
Ecopetrol SA ADR (a) | 81,637 | 2,198,484 | |||
FINLAND — 4.0% | |||||
Stora Enso Oyj Class R | 1,101,406 | 21,076,180 | |||
UPM-Kymmene Oyj | 1,029,132 | 40,402,369 | |||
61,478,549 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
FRANCE — 4.0% | |||||
TOTAL SA | 960,659 | $ 62,306,551 | |||
GERMANY — 1.1% | |||||
KS AG | 370,154 | 7,773,201 | |||
ThyssenKrupp AG | 390,878 | 9,870,061 | |||
17,643,262 | |||||
HONG KONG — 0.2% | |||||
Nine Dragons Paper Holdings, Ltd. | 3,256,000 | 3,520,270 | |||
IRELAND — 1.2% | |||||
Smurfit Kappa Group PLC | 457,026 | 18,080,257 | |||
ISRAEL — 0.4% | |||||
Israel Chemicals, Ltd. | 978,652 | 5,974,939 | |||
ITALY — 1.1% | |||||
Eni SpA | 917,842 | 17,357,802 | |||
JAPAN — 3.6% | |||||
JFE Holdings, Inc. | 584,500 | 13,415,429 | |||
Nippon Steel & Sumitomo Metal Corp. | 895,100 | 18,940,642 | |||
Oji Holdings Corp. | 1,964,000 | 14,265,088 | |||
Sumitomo Metal Mining Co., Ltd. | 278,400 | 9,769,797 | |||
56,390,956 | |||||
LUXEMBOURG — 1.3% | |||||
ArcelorMittal | 639,737 | 19,913,854 | |||
MEXICO — 0.1% | |||||
Fresnillo PLC | 191,622 | 2,052,552 | |||
NETHERLANDS — 3.9% | |||||
OCI NV (b) | 122,250 | 3,909,076 | |||
Royal Dutch Shell PLC Class A | 1,661,272 | 57,116,637 | |||
61,025,713 | |||||
NORWAY — 2.3% | |||||
Equinor ASA | 393,579 | 11,092,110 | |||
Norsk Hydro ASA | 1,382,889 | 8,297,368 | |||
Yara International ASA | 340,471 | 16,711,439 | |||
36,100,917 | |||||
PERU — 0.2% | |||||
Southern Copper Corp. | 86,069 | 3,713,017 | |||
RUSSIA — 3.2% | |||||
Gazprom PJSC ADR | 2,391,568 | 11,957,840 | |||
LUKOIL PJSC ADR | 171,854 | 13,181,202 | |||
MMC Norilsk Nickel PJSC ADR | 689,103 | 11,921,482 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Novatek PJSC GDR | 32,863 | $ 6,046,792 | |||
Novolipetsk Steel PJSC GDR | 99,433 | 2,679,719 | |||
Rosneft Oil Co. PJSC GDR | 420,617 | 3,157,993 | |||
48,945,028 | |||||
SINGAPORE — 1.1% | |||||
Wilmar International, Ltd. | 6,973,519 | 16,434,099 | |||
SOUTH KOREA — 1.7% | |||||
Korea Zinc Co., Ltd. | 12,679 | 4,983,587 | |||
POSCO ADR | 310,220 | 20,474,520 | |||
POSCO | 4,195 | 1,113,750 | |||
26,571,857 | |||||
SPAIN — 0.6% | |||||
Repsol SA | 460,483 | 9,180,714 | |||
SWEDEN — 0.9% | |||||
Svenska Cellulosa AB SCA Class B | 1,177,786 | 13,336,375 | |||
SWITZERLAND — 3.4% | |||||
Glencore PLC (b) | 12,286,884 | 53,147,316 | |||
UNITED KINGDOM — 9.4% | |||||
Anglo American PLC | 1,426,928 | 32,061,324 | |||
BP PLC | 7,136,761 | 54,844,326 | |||
DS Smith PLC | 2,623,633 | 16,364,305 | |||
Mondi PLC | 710,214 | 19,486,286 | |||
Rio Tinto, Ltd. | 418,372 | 23,841,689 | |||
146,597,930 | |||||
UNITED STATES — 29.5% | |||||
Anadarko Petroleum Corp. | 90,667 | 6,111,863 | |||
Archer-Daniels-Midland Co. | 651,151 | 32,733,361 | |||
Avery Dennison Corp. | 102,198 | 11,073,153 | |||
Bunge, Ltd. | 163,544 | 11,237,108 | |||
CF Industries Holdings, Inc. | 272,114 | 14,813,886 | |||
Chevron Corp. | 336,885 | 41,194,298 | |||
ConocoPhillips | 205,872 | 15,934,493 | |||
Devon Energy Corp. | 92,094 | 3,678,234 | |||
EOG Resources, Inc. | 101,912 | 13,000,914 | |||
Exxon Mobil Corp. | 746,069 | 63,430,786 | |||
FMC Corp. | 156,797 | 13,669,562 | |||
Freeport-McMoRan, Inc. | 1,364,476 | 18,993,506 | |||
Halliburton Co. | 154,103 | 6,245,795 | |||
Ingredion, Inc. | 83,864 | 8,802,365 | |||
International Paper Co. | 482,381 | 23,709,026 | |||
Marathon Petroleum Corp. | 81,720 | 6,535,148 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Mosaic Co. | 408,977 | $ 13,283,573 | |||
Newmont Mining Corp. | 540,262 | 16,315,912 | |||
Nucor Corp. | 323,150 | 20,503,868 | |||
Occidental Petroleum Corp. | 134,731 | 11,070,846 | |||
Packaging Corp. of America | 109,522 | 12,013,468 | |||
Phillips 66 | 73,861 | 8,325,612 | |||
Pioneer Natural Resources Co. | 29,944 | 5,215,945 | |||
Rayonier, Inc. REIT | 150,176 | 5,077,451 | |||
Schlumberger, Ltd. | 243,728 | 14,847,910 | |||
Sealed Air Corp. | 187,037 | 7,509,536 | |||
Valero Energy Corp. | 75,789 | 8,620,999 | |||
WestRock Co. | 298,916 | 15,974,071 | |||
Weyerhaeuser Co. REIT | 881,669 | 28,451,459 | |||
458,374,148 | |||||
TOTAL COMMON STOCKS (Cost $1,400,101,059) | 1,540,852,018 |
SHORT-TERM INVESTMENTS — 0.5% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) | 1,438,649 | 1,438,649 | |
State Street Navigator Securities Lending Government Money Market Portfolio (c) (e) | 5,844,772 | 5,844,772 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $7,283,421) | 7,283,421 | ||
TOTAL INVESTMENTS — 99.6% (Cost $1,407,384,480) | 1,548,135,439 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.4% | 5,685,486 | ||
NET ASSETS — 100.0% | $ 1,553,820,925 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(e) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 141,152,183 | $— | $— | $ 141,152,183 | ||||
Austria | 5,108,121 | — | — | 5,108,121 | ||||
Brazil | 67,150,940 | — | — | 67,150,940 | ||||
Canada | 163,394,335 | — | — | 163,394,335 | ||||
Chile | 12,220,808 | — | — | 12,220,808 | ||||
China | 11,481,041 | — | — | 11,481,041 | ||||
Colombia | 2,198,484 | — | — | 2,198,484 | ||||
Finland | 61,478,549 | — | — | 61,478,549 | ||||
France | 62,306,551 | — | — | 62,306,551 | ||||
Germany | 17,643,262 | — | — | 17,643,262 | ||||
Hong Kong | 3,520,270 | — | — | 3,520,270 | ||||
Ireland | 18,080,257 | — | — | 18,080,257 | ||||
Israel | 5,974,939 | — | — | 5,974,939 | ||||
Italy | 17,357,802 | — | — | 17,357,802 | ||||
Japan | 56,390,956 | — | — | 56,390,956 | ||||
Luxembourg | 19,913,854 | — | — | 19,913,854 | ||||
Mexico | 2,052,552 | — | — | 2,052,552 | ||||
Netherlands | 61,025,713 | — | — | 61,025,713 | ||||
Norway | 36,100,917 | — | — | 36,100,917 | ||||
Peru | 3,713,017 | — | — | 3,713,017 | ||||
Russia | 48,945,028 | — | — | 48,945,028 | ||||
Singapore | 16,434,099 | — | — | 16,434,099 | ||||
South Korea | 26,571,857 | — | — | 26,571,857 | ||||
Spain | 9,180,714 | — | — | 9,180,714 | ||||
Sweden | 13,336,375 | — | — | 13,336,375 | ||||
Switzerland | 53,147,316 | — | — | 53,147,316 | ||||
United Kingdom | 146,597,930 | — | — | 146,597,930 | ||||
United States | 458,374,148 | — | — | 458,374,148 | ||||
Short-Term Investments | 7,283,421 | — | — | 7,283,421 | ||||
TOTAL INVESTMENTS | $1,548,135,439 | $— | $— | $1,548,135,439 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 799,218 | $ 799,218 | $161,226,430 | $160,586,999 | $— | $— | 1,438,649 | $1,438,649 | $ 47,422 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 27,454,617 | 27,454,617 | 584,445,852 | 606,055,697 | — | — | 5,844,772 | 5,844,772 | 418,248 | ||||||||
Total | $28,253,835 | $745,672,282 | $766,642,696 | $— | $— | $7,283,421 | $465,670 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.5% | |||||
AUSTRALIA – 6.1% | |||||
AET&D Holdings No. 1 Pty, Ltd. (a)(b)(c) | 110,316 | $ — | |||
Astro Japan Property Group REIT (a)(b) | 33,776 | — | |||
InvoCare, Ltd. (c) | 125,966 | 1,126,524 | |||
Jacana Minerals, Ltd. (a)(b)(c) | 12,051 | — | |||
Quintis, Ltd. (a)(b)(c) | 148,677 | — | |||
Tiger Resources, Ltd. (a)(b) | 2,464 | — | |||
Other Securities | 50,955,729 | 52,359,222 | |||
53,485,746 | |||||
AUSTRIA – 0.4% | |||||
Other Securities | 104,120 | 3,174,913 | |||
BELGIUM – 1.2% | |||||
Barco NV | 12,702 | 1,702,539 | |||
Other Securities | 691,758 | 8,509,064 | |||
10,211,603 | |||||
CANADA – 8.3% | |||||
Celestica, Inc. (b) | 112,341 | 1,215,883 | |||
Colossus Minerals, Inc. (a)(b) | 390 | — | |||
Enercare, Inc. | 49,307 | 1,103,934 | |||
GASFRAC Energy Services, Inc. (a)(b) | 21,904 | — | |||
Granite Real Estate Investment Trust | 25,319 | 1,086,527 | |||
Great Basin Gold, Ltd. (a)(b) | 266,255 | — | |||
Lightstream Resources, Ltd. (a)(b) | 64,736 | — | |||
Maxar Technologies, Ltd. (c) | 33,163 | 1,091,408 | |||
Poseidon Concepts Corp. (a)(b) | 43,064 | — | |||
Southern Pacific Resource Corp. (a)(b) | 281,142 | — | |||
Twin Butte Energy, Ltd. (a)(b) | 83,708 | — | |||
Other Securities | 12,225,175 | 67,460,705 | |||
71,958,457 | |||||
CHINA – 0.2% | |||||
Other Securities | 4,387,411 | 1,478,966 | |||
DENMARK – 0.8% | |||||
Amagerbanken A/S (a)(b) | 308,573 | — | |||
OW Bunker A/S (a)(b)(c) | 9,828 | — | |||
Sydbank A/S | 36,216 | 1,066,114 | |||
Other Securities | 285,111 | 6,414,585 | |||
7,480,699 | |||||
FINLAND – 0.7% | |||||
Other Securities | 864,169 | 6,067,575 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
FRANCE – 2.4% | |||||
CGG SA (b) | 430,271 | $ 1,203,421 | |||
SMCP SA (b)(d) | 37,617 | 1,048,611 | |||
Solutions 30 SE (b) | 21,541 | 1,276,013 | |||
Other Securities | 1,218,949 | 17,501,916 | |||
21,029,961 | |||||
GERMANY – 2.6% | |||||
Indus Holding AG | 23,037 | 1,431,524 | |||
Other Securities | 1,340,983 | 21,203,396 | |||
22,634,920 | |||||
GREECE – 0.0% (e) | |||||
TT Hellenic Postbank SA (a)(b) | 129,076 | — | |||
HONG KONG – 1.9% | |||||
China Household Holdings, Ltd. (a) | 780,000 | — | |||
China Ocean Resources Co., Ltd. (a)(b)(c) | 26,593 | — | |||
Peace Mark Holdings, Ltd. (a)(b) | 504,228 | — | |||
Road King Infrastructure, Ltd. | 609,482 | 1,046,843 | |||
Superb Summit International Group, Ltd. (a)(b)(c) | 1,685,500 | — | |||
Town Health International Medical Group, Ltd. (a)(b)(c) | 1,848,000 | 81,478 | |||
Other Securities | 77,262,459 | 15,171,696 | |||
16,300,017 | |||||
INDIA – 0.0% (e) | |||||
Other Security | 16,439 | 198,090 | |||
IRELAND – 0.8% | |||||
Other Securities | 2,658,749 | 7,452,578 | |||
ISRAEL – 1.6% | |||||
Other Securities | 2,392,336 | 13,899,183 | |||
ITALY – 1.3% | |||||
Other Securities | 27,941,328 | 11,588,115 | |||
JAPAN – 38.4% | |||||
Awa Bank, Ltd. | 48,800 | 1,514,461 | |||
Bank of Okinawa, Ltd. | 29,800 | 1,054,682 | |||
DTS Corp. | 33,962 | 1,352,978 | |||
FCC Co., Ltd. | 38,428 | 1,155,360 | |||
Fukuoka REIT Corp. | 852 | 1,318,674 | |||
Iwatani Corp. (c) | 53,000 | 1,887,441 | |||
Japan Logistics Fund, Inc. REIT | 631 | 1,241,612 | |||
Kanematsu Corp. | 118,299 | 1,780,968 | |||
Kiyo Bank, Ltd. | 90,360 | 1,448,656 | |||
Marudai Food Co., Ltd. | 62,931 | 1,221,115 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Maruha Nichiro Corp. | 36,220 | $ 1,336,108 | |||
Nakanishi, Inc. | 77,040 | 1,603,403 | |||
NET One Systems Co., Ltd. (c) | 68,900 | 1,654,789 | |||
Nikkon Holdings Co., Ltd. (c) | 108,480 | 2,813,594 | |||
NIPPON REIT Investment Corp. | 585 | 1,892,746 | |||
Nippon Suisan Kaisha, Ltd. | 163,999 | 1,068,444 | |||
Penta-Ocean Construction Co., Ltd. | 165,000 | 1,099,661 | |||
Premier Investment Corp. REIT | 1,446 | 1,520,028 | |||
Seiren Co., Ltd. | 66,180 | 1,122,179 | |||
Shima Seiki Manufacturing, Ltd. (c) | 25,545 | 1,128,986 | |||
Shimachu Co., Ltd. | 43,960 | 1,420,374 | |||
SHO-BOND Holdings Co., Ltd. (c) | 14,100 | 1,138,328 | |||
Shochiku Co., Ltd. (c) | 14,960 | 1,828,101 | |||
Toagosei Co., Ltd. | 156,400 | 1,805,171 | |||
Toei Co., Ltd. | 11,640 | 1,400,879 | |||
Zenrin Co., Ltd. (c) | 50,165 | 1,554,614 | |||
Other Securities | 20,018,294 | 296,379,205 | |||
334,742,557 | |||||
LIECHTENSTEIN – 0.0% (e) | |||||
Other Security | 1,753 | 274,579 | |||
LUXEMBOURG – 0.1% | |||||
Other Securities | 36,871 | 686,182 | |||
MACAU – 0.1% | |||||
Other Security | 3,131,740 | 568,323 | |||
MALTA – 0.1% | |||||
Other Securities | 39,278 | 525,367 | |||
NETHERLANDS – 1.7% | |||||
Corbion NV | 41,396 | 1,346,280 | |||
Other Securities | 1,289,418 | 13,401,686 | |||
14,747,966 | |||||
NEW ZEALAND – 1.1% | |||||
Other Securities | 4,759,303 | 9,689,486 | |||
NORWAY – 1.5% | |||||
Other Securities | 4,014,249 | 13,014,282 | |||
PERU – 0.0% (e) | |||||
Other Security | 211,609 | 451,866 | |||
PORTUGAL – 0.2% | |||||
Altri SGPS SA | 134,127 | 1,286,813 | |||
Other Securities | 151,850 | 405,456 | |||
1,692,269 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SINGAPORE – 1.6% | |||||
Ezra Holdings, Ltd. (a)(b)(c) | 1,444,295 | $ — | |||
Hyflux, Ltd. (a)(b) | 33,300 | — | |||
Midas Holdings, Ltd. (a)(b) | 1,078,700 | — | |||
Swiber Holdings, Ltd. (a)(b)(c) | 100,100 | — | |||
Technics Oil & Gas, Ltd. (a)(b) | 1,254 | — | |||
Other Securities | 21,607,272 | 13,681,308 | |||
13,681,308 | |||||
SOUTH KOREA – 11.0% | |||||
CNK International Co., Ltd. (a)(b) | 16,071 | — | |||
Hanjin Shipping Co., Ltd. (a)(b) | 1,732 | — | |||
JB Financial Group Co., Ltd. | 212,246 | 1,153,792 | |||
Woojeon Co., Ltd. (a)(b) | 7,674 | — | |||
Other Securities | 8,341,702 | 94,407,556 | |||
95,561,348 | |||||
SPAIN – 1.1% | |||||
Let's GOWEX SA (a)(b)(c) | 9,561 | — | |||
Other Securities | 16,459,682 | 9,839,470 | |||
9,839,470 | |||||
SWEDEN – 3.1% | |||||
Wihlborgs Fastigheter AB | 182,706 | 2,196,614 | |||
Other Securities | 2,805,300 | 24,523,159 | |||
26,719,773 | |||||
SWITZERLAND – 2.4% | |||||
Valora Holding AG (b) | 5,073 | 1,368,484 | |||
Other Securities | 869,794 | 19,724,967 | |||
21,093,451 | |||||
UNITED ARAB EMIRATES – 0.0% (e) | |||||
Other Security | 3 | 133 | |||
UNITED KINGDOM – 7.7% | |||||
Cairn Energy PLC (b) | 351,837 | 1,067,199 | |||
Drax Group PLC | 215,904 | 1,092,975 | |||
Greene King PLC | 162,890 | 1,041,266 | |||
J D Wetherspoon PLC | 89,154 | 1,518,372 | |||
QinetiQ Group PLC | 289,541 | 1,080,622 | |||
Saga PLC | 644,002 | 1,098,472 | |||
Senior PLC | 433,713 | 1,765,751 | |||
SVG Capital PLC (a)(b) | 16,733 | — | |||
Other Securities | 23,491,585 | 58,839,622 | |||
67,504,279 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
UNITED STATES – 1.1% | |||||
Ferroglobe Representation & Warranty Insurance Trust (a)(b) | 19,857 | $ — | |||
Other Securities | 1,679,426 | 9,251,822 | |||
9,251,822 | |||||
TOTAL COMMON STOCKS (Cost $818,913,970) | 867,005,284 | ||||
WARRANTS - 0.0% (e) | |||||
AUSTRALIA – 0.0% (e) | |||||
Other Security | 50 | — | |||
CANADA – 0.0% (e) | |||||
Other Security | 7,412 | 13,475 | |||
FRANCE – 0.0% (e) | |||||
Other Securities | 2,262 | 505 | |||
SINGAPORE – 0.0% (e) | |||||
Other Securities | 504,369 | 85 | |||
TOTAL WARRANTS (Cost $39,646) | 14,065 | ||||
RIGHTS - 0.0% (e) | |||||
FRANCE – 0.0% (e) | |||||
Other Security | 9,141 | 4,248 | |||
JAPAN – 0.0% (e) | |||||
Other Security | 16,200 | 73,523 | |||
SINGAPORE – 0.0% (e) | |||||
Other Security | 1,800 | 26 | |||
SWEDEN – 0.0% (e) | |||||
Other Security | 39,912 | 30,390 | |||
TOTAL RIGHTS (Cost $37,680) | 108,187 | ||||
SHORT-TERM INVESTMENTS - 9.2% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (f)(g) | 116,772 | 116,772 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
State Street Navigator Securities Lending Government Money Market Portfolio (f)(h) | 80,083,724 | $ 80,083,724 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $80,200,496) | 80,200,496 | ||||
TOTAL INVESTMENTS - 108.7% (Cost $899,191,792) | 947,328,032 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (8.7)% | (76,212,010) | ||||
NET ASSETS - 100.0% | $ 871,116,022 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of securities is $81,478, representing less than 0.05% of the Fund's net assets. |
(b) | Non-income producing security. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 3.1% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Amount is less than 0.05% of net assets. |
(f) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(h) | Investment of cash collateral for securities loaned. |
REIT | Real Estate Investment Trust |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 53,485,746 | $ — | $ 0(a) | $ 53,485,746 | ||||
Austria | 3,174,913 | — | — | 3,174,913 | ||||
Belgium | 10,211,603 | — | — | 10,211,603 | ||||
Canada | 71,851,792 | 106,665 | 0(a) | 71,958,457 | ||||
China | 1,478,966 | — | — | 1,478,966 | ||||
Denmark | 7,480,699 | — | — | 7,480,699 | ||||
Finland | 6,067,575 | — | — | 6,067,575 | ||||
France | 21,029,961 | — | — | 21,029,961 | ||||
Germany | 22,634,920 | — | — | 22,634,920 | ||||
Greece | — | — | 0(a) | 0 | ||||
Hong Kong | 15,995,537 | 223,002 | 81,478 | 16,300,017 | ||||
India | 198,090 | — | — | 198,090 | ||||
Ireland | 7,452,578 | — | — | 7,452,578 | ||||
Israel | 13,899,183 | — | — | 13,899,183 | ||||
Italy | 11,588,115 | — | — | 11,588,115 | ||||
Japan | 333,710,906 | 1,031,651 | — | 334,742,557 | ||||
Liechtenstein | 274,579 | — | — | 274,579 | ||||
Luxembourg | 686,182 | — | — | 686,182 | ||||
Macau | 568,323 | — | — | 568,323 | ||||
Malta | 525,367 | — | — | 525,367 | ||||
Netherlands | 14,747,966 | — | — | 14,747,966 | ||||
New Zealand | 9,689,486 | — | — | 9,689,486 | ||||
Norway | 13,014,282 | — | — | 13,014,282 | ||||
Peru | 451,866 | — | — | 451,866 | ||||
Portugal | 1,692,269 | — | — | 1,692,269 | ||||
Singapore | 13,669,261 | 12,047 | 0(a) | 13,681,308 | ||||
South Korea | 95,519,479 | 41,869 | 0(a) | 95,561,348 | ||||
Spain | 9,839,470 | — | 0(a) | 9,839,470 | ||||
Sweden | 26,719,773 | — | — | 26,719,773 | ||||
Switzerland | 21,093,451 | — | — | 21,093,451 | ||||
United Arab Emirates | 133 | — | — | 133 | ||||
United Kingdom | 67,502,649 | 1,630 | 0(a) | 67,504,279 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
United States | $ 9,251,822 | $ — | $ 0(a) | $ 9,251,822 | ||||
Warrants | ||||||||
Australia | — | — | 0(a) | 0 | ||||
Canada | 13,475 | — | — | 13,475 | ||||
France | 505 | — | — | 505 | ||||
Singapore | 85 | — | 0(a) | 85 | ||||
Rights | ||||||||
France | 4,248 | — | — | 4,248 | ||||
Japan | — | 73,523 | — | 73,523 | ||||
Singapore | — | 26 | 0(a) | 26 | ||||
Sweden | — | 30,390 | — | 30,390 | ||||
Short-Term Investments | 80,200,496 | — | — | 80,200,496 | ||||
TOTAL INVESTMENTS | $945,725,751 | $1,520,803 | $81,478 | $947,328,032 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 73,500 | $ 73,500 | $ 92,899,566 | $ 92,856,294 | $— | $— | 116,772 | $ 116,772 | $ 31,429 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 66,029,680 | 66,029,680 | 198,392,951 | 184,338,907 | — | — | 80,083,724 | 80,083,724 | 2,856,164 | ||||||||
Total | $66,103,180 | $291,292,517 | $277,195,201 | $— | $— | $80,200,496 | $2,887,593 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
CANADA — 36.5% | |||||
Agnico Eagle Mines, Ltd. (a) | 488,498 | $ 16,673,783 | |||
ARC Resources, Ltd. (a) | 105,222 | 1,172,209 | |||
Barrick Gold Corp. | 2,441,489 | 26,991,241 | |||
Cameco Corp. | 117,731 | 1,341,620 | |||
Canadian Natural Resources, Ltd. | 325,372 | 10,622,542 | |||
Cenovus Energy, Inc. | 303,439 | 3,044,719 | |||
Crescent Point Energy Corp. (a) | 163,368 | 1,038,902 | |||
Encana Corp. | 286,473 | 3,752,118 | |||
First Quantum Minerals, Ltd. | 1,442,428 | 16,415,067 | |||
Franco-Nevada Corp. | 389,272 | 24,333,264 | |||
Goldcorp, Inc. | 1,818,352 | 18,512,697 | |||
Husky Energy, Inc. | 89,732 | 1,574,441 | |||
Imperial Oil, Ltd. | 73,480 | 2,376,191 | |||
Kinross Gold Corp. (b) | 2,615,238 | 7,121,799 | |||
Lundin Mining Corp. | 1,331,111 | 7,043,787 | |||
Nutrien, Ltd. (a) | 766,344 | 44,216,258 | |||
Peyto Exploration & Development Corp. (a) | 49,026 | 422,141 | |||
PrairieSky Royalty, Ltd. (a) | 62,327 | 1,094,074 | |||
Seven Generations Energy, Ltd. Class A (b) | 83,153 | 990,683 | |||
Suncor Energy, Inc. | 486,072 | 18,794,583 | |||
Teck Resources, Ltd. Class B | 1,053,765 | 25,378,079 | |||
Tourmaline Oil Corp. | 75,281 | 1,324,377 | |||
Vermilion Energy, Inc. (a) | 44,780 | 1,474,421 | |||
West Fraser Timber Co., Ltd. | 71,595 | 4,071,599 | |||
Wheaton Precious Metals Corp. | 926,430 | 16,197,832 | |||
Yamana Gold, Inc. (a) | 1,985,251 | 4,945,465 | |||
260,923,892 | |||||
UNITED STATES — 63.0% | |||||
Anadarko Petroleum Corp. | 153,267 | 10,331,728 | |||
Antero Resources Corp. (b) | 64,164 | 1,136,344 | |||
Apache Corp. | 113,698 | 5,419,984 | |||
Archer-Daniels-Midland Co. | 675,700 | 33,967,439 | |||
Bunge, Ltd. | 170,213 | 11,695,335 | |||
Cabot Oil & Gas Corp. | 134,328 | 3,025,067 | |||
CF Industries Holdings, Inc. | 282,006 | 15,352,407 | |||
Chevron Corp. | 568,491 | 69,515,080 | |||
Cimarex Energy Co. | 28,417 | 2,641,076 | |||
Concho Resources, Inc. (b) | 56,563 | 8,639,998 | |||
ConocoPhillips | 348,057 | 26,939,612 | |||
Continental Resources, Inc. (b) | 25,703 | 1,755,001 | |||
Devon Energy Corp. | 155,720 | 6,219,457 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
EOG Resources, Inc. | 172,240 | $ 21,972,657 | |||
EQT Corp. | 75,034 | 3,318,754 | |||
Exxon Mobil Corp. | 880,359 | 74,848,122 | |||
FMC Corp. | 162,537 | 14,169,976 | |||
Freeport-McMoRan, Inc. | 2,819,077 | 39,241,552 | |||
Hess Corp. | 77,864 | 5,573,505 | |||
Ingredion, Inc. | 87,319 | 9,165,002 | |||
Marathon Oil Corp. | 253,806 | 5,908,604 | |||
Mosaic Co. | 423,755 | 13,763,562 | |||
Newmont Mining Corp. | 1,116,225 | 33,709,995 | |||
Noble Energy, Inc. | 144,095 | 4,494,323 | |||
Occidental Petroleum Corp. | 227,872 | 18,724,242 | |||
Pioneer Natural Resources Co. | 50,749 | 8,839,968 | |||
450,368,790 | |||||
TOTAL COMMON STOCKS (Cost $625,520,778) | 711,292,682 |
SHORT-TERM INVESTMENTS — 7.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) | 2,632,481 | 2,632,481 | |
State Street Navigator Securities Lending Government Money Market Portfolio (c) (e) | 48,221,868 | 48,221,868 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $50,854,349) | 50,854,349 | ||
TOTAL INVESTMENTS — 106.6% (Cost $676,375,127) | 762,147,031 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (6.6)% | (47,440,402) | ||
NET ASSETS — 100.0% | $ 714,706,629 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(e) | Investment of cash collateral for securities loaned. |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Canada | $260,923,892 | $— | $— | $260,923,892 | ||||
United States | 450,368,790 | — | — | 450,368,790 | ||||
Short-Term Investments | 50,854,349 | — | — | 50,854,349 | ||||
TOTAL INVESTMENTS | $762,147,031 | $— | $— | $762,147,031 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 3,488,016 | $3,488,016 | $ 42,493,009 | $ 43,348,544 | $— | $— | 2,632,481 | $ 2,632,481 | $26,356 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 4,770,511 | 4,770,511 | 244,892,222 | 201,440,865 | — | — | 48,221,868 | 48,221,868 | 20,327 | ||||||||
Total | $8,258,527 | $287,385,231 | $244,789,409 | $— | $— | $50,854,349 | $46,683 |
Table of Contents
SPDR Dow Jones Global Real Estate ETF | SPDR Dow Jones International Real Estate ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $2,285,743,754 | $2,973,232,526 | |
Investments in affiliated issuers, at value | 14,521,784 | 24,348,919 | |
Total Investments | 2,300,265,538 | 2,997,581,445 | |
Foreign currency, at value | 1,840,469 | 4,303,016 | |
Cash | — | 567,050 | |
Receivable for investments sold | 124,691 | 387,481 | |
Dividends receivable — unaffiliated issuers | 9,437,798 | 11,647,859 | |
Dividends receivable — affiliated issuers | 7,408 | 6,204 | |
Securities lending income receivable — unaffiliated issuers | 2,592 | 4,395 | |
Securities lending income receivable — affiliated issuers | 24,617 | 56,818 | |
Receivable for foreign taxes recoverable | 319,614 | 1,066,054 | |
Other Receivable | 21,367 | — | |
TOTAL ASSETS | 2,312,044,094 | 3,015,620,322 | |
LIABILITIES | |||
Due to custodian | 5,408 | — | |
Payable upon return of securities loaned | 10,956,272 | 21,488,695 | |
Payable for investments purchased | 1,846,340 | 1,743,674 | |
Advisory fee payable | 965,090 | 1,478,163 | |
Accrued expenses and other liabilities | — | 568,494 | |
TOTAL LIABILITIES | 13,773,110 | 25,279,026 | |
NET ASSETS | $2,298,270,984 | $2,990,341,296 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $2,281,622,676 | $3,577,127,467 | |
Total distributable earnings (loss) | 16,648,308 | (586,786,171) | |
NET ASSETS | $2,298,270,984 | $2,990,341,296 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 47.58 | $ 38.32 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 48,300,000 | 78,035,379 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $2,200,153,853 | $2,920,116,059 | |
Investments in affiliated issuers | 14,521,784 | 24,348,919 | |
Total cost of investments | $2,214,675,637 | $2,944,464,978 | |
Foreign currency, at cost | $ 1,848,471 | $ 4,298,142 | |
* Includes investments in securities on loan, at value | $ 24,970,792 | $ 26,899,627 |
Table of Contents
SPDR S&P China ETF | SPDR S&P Global Natural Resources ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $1,032,858,350 | $1,540,852,018 | |
Investments in affiliated issuers, at value | 15,155,503 | 7,283,421 | |
Total Investments | 1,048,013,853 | 1,548,135,439 | |
Foreign currency, at value | 2,395,274 | 6,202,578 | |
Cash | — | 145,954 | |
Receivable for investments sold | 2,190,632 | — | |
Dividends receivable — unaffiliated issuers | 2,254,414 | 5,703,056 | |
Dividends receivable — affiliated issuers | 305 | 5,545 | |
Securities lending income receivable — unaffiliated issuers | 97,273 | 4,217 | |
Securities lending income receivable — affiliated issuers | 31,811 | 14,971 | |
Receivable for foreign taxes recoverable | — | 75,339 | |
Other Receivable | — | 10,619 | |
TOTAL ASSETS | 1,054,983,562 | 1,560,297,718 | |
LIABILITIES | |||
Payable upon return of securities loaned | 14,615,815 | 5,844,772 | |
Payable for investments purchased | 267,042 | 134,190 | |
Advisory fee payable | 499,958 | 497,831 | |
TOTAL LIABILITIES | 15,382,815 | 6,476,793 | |
NET ASSETS | $1,039,600,747 | $1,553,820,925 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $1,042,451,150 | $1,601,904,597 | |
Total distributable earnings (loss) | (2,850,403) | (48,083,672) | |
NET ASSETS | $1,039,600,747 | $1,553,820,925 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 97.16 | $ 50.61 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 10,700,000 | 30,700,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $ 908,829,322 | $1,400,101,059 | |
Investments in affiliated issuers | 15,155,503 | 7,283,421 | |
Total cost of investments | $ 923,984,825 | $1,407,384,480 | |
Foreign currency, at cost | $ 2,401,062 | $ 6,213,599 | |
* Includes investments in securities on loan, at value | $ 73,427,298 | $ 17,450,348 |
Table of Contents
SPDR S&P International Small Cap ETF | SPDR S&P North American Natural Resources ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $867,127,536 | $711,292,682 | |
Investments in affiliated issuers, at value | 80,200,496 | 50,854,349 | |
Total Investments | 947,328,032 | 762,147,031 | |
Foreign currency, at value | — | 320,413 | |
Cash | 3,253 | — | |
Receivable for investments sold | 6,011,653 | — | |
Dividends receivable — unaffiliated issuers | 2,861,159 | 652,529 | |
Dividends receivable — affiliated issuers | 1,392 | 3,398 | |
Securities lending income receivable — unaffiliated issuers | 90,829 | — | |
Securities lending income receivable — affiliated issuers | 189,963 | 5,145 | |
Receivable for foreign taxes recoverable | 269,872 | — | |
Other Receivable | 2,783 | — | |
TOTAL ASSETS | 956,758,936 | 763,128,516 | |
LIABILITIES | |||
Due to custodian | 722,175 | — | |
Payable upon return of securities loaned | 80,083,724 | 48,221,868 | |
Payable for investments purchased | 4,408,861 | — | |
Deferred foreign taxes payable | 30,781 | — | |
Advisory fee payable | 283,868 | 200,019 | |
Accrued expenses and other liabilities | 113,505 | — | |
TOTAL LIABILITIES | 85,642,914 | 48,421,887 | |
NET ASSETS | $871,116,022 | $714,706,629 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $873,681,306 | $625,339,813 | |
Total distributable earnings (loss)** | (2,565,284) | 89,366,816 | |
NET ASSETS | $871,116,022 | $714,706,629 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 34.43 | $ 34.28 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 25,300,000 | 20,850,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $818,991,296 | $625,520,778 | |
Investments in affiliated issuers | 80,200,496 | 50,854,349 | |
Total cost of investments | $899,191,792 | $676,375,127 | |
Foreign currency, at cost | $ — | $ 319,353 | |
* Includes investments in securities on loan, at value | $108,903,680 | $ 47,465,282 | |
**Includes deferred foreign taxes | $ 30,781 | $ — |
Table of Contents
SPDR Dow Jones Global Real Estate ETF | SPDR Dow Jones International Real Estate ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 94,854,544 | $ 147,879,320 | |
Dividend income — affiliated issuers | 65,053 | 50,674 | |
Unaffiliated securities lending income | 34,274 | 61,468 | |
Affiliated securities lending income | 319,267 | 950,407 | |
Foreign taxes withheld | (4,973,294) | (16,162,029) | |
TOTAL INVESTMENT INCOME (LOSS) | 90,299,844 | 132,779,840 | |
EXPENSES | |||
Advisory fee | 12,893,976 | 20,759,690 | |
Trustees’ fees and expenses | 48,200 | 61,941 | |
Miscellaneous expenses | 3,828 | 25,284 | |
TOTAL EXPENSES | 12,946,004 | 20,846,915 | |
NET INVESTMENT INCOME (LOSS) | 77,353,840 | 111,932,925 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (5,841,816) | (11,466,898) | |
In-kind redemptions — unaffiliated issuers | 85,048,749 | 127,257,663 | |
Foreign currency transactions | 308,736 | 917,943 | |
Net realized gain (loss) | 79,515,669 | 116,708,708 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers | (68,921,605) | (118,562,346) | |
Foreign currency translations | 1,090 | (55,183) | |
Net change in unrealized appreciation/depreciation | (68,920,515) | (118,617,529) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | 10,595,154 | (1,908,821) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ 87,948,994 | $ 110,024,104 |
Table of Contents
SPDR S&P China ETF | SPDR S&P Global Natural Resources ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 25,157,529 | $ 52,462,733 | |
Dividend income — affiliated issuers | 24,359 | 47,422 | |
Unaffiliated securities lending income | 1,021,763 | 127,166 | |
Affiliated securities lending income | 659,391 | 418,248 | |
Foreign taxes withheld | (1,791,523) | (2,997,554) | |
TOTAL INVESTMENT INCOME (LOSS) | 25,071,519 | 50,058,015 | |
EXPENSES | |||
Advisory fee | 6,691,356 | 5,841,638 | |
Trustees’ fees and expenses | 20,024 | 25,579 | |
Miscellaneous expenses | 497 | 11,378 | |
TOTAL EXPENSES | 6,711,877 | 5,878,595 | |
NET INVESTMENT INCOME (LOSS) | 18,359,642 | 44,179,420 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (2,700,947) | (14,297,538) | |
In-kind redemptions — unaffiliated issuers | 3,729,260 | 95,367,773 | |
Foreign currency transactions | 16,362 | (452,326) | |
Net realized gain (loss) | 1,044,675 | 80,617,909 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers | (59,495,130) | 39,105,711 | |
Foreign currency translations | (33,273) | 14,922 | |
Net change in unrealized appreciation/depreciation | (59,528,403) | 39,120,633 | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | (58,483,728) | 119,738,542 | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(40,124,086) | $163,917,962 |
Table of Contents
SPDR S&P International Small Cap ETF | SPDR S&P North American Natural Resources ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 20,694,234 | $ 16,738,233 | |
Dividend income — affiliated issuers | 31,429 | 26,356 | |
Unaffiliated securities lending income | 888,556 | 35,657 | |
Affiliated securities lending income | 2,856,164 | 20,327 | |
Foreign taxes withheld | (1,926,089) | (702,813) | |
TOTAL INVESTMENT INCOME (LOSS) | 22,544,294 | 16,117,760 | |
EXPENSES | |||
Advisory fee | 3,589,455 | 2,940,770 | |
Trustees’ fees and expenses | 16,408 | 16,037 | |
Miscellaneous expenses | 16,623 | 37 | |
TOTAL EXPENSES | 3,622,486 | 2,956,844 | |
NET INVESTMENT INCOME (LOSS) | 18,921,808 | 13,160,916 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (57,244,168) | (987,133) | |
In-kind redemptions — unaffiliated issuers | 23,088,170 | 139,641,802 | |
Foreign currency transactions | (570,491) | (79,980) | |
Net realized gain (loss) | (34,726,489) | 138,574,689 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers* | 47,854,953 | (121,219,285) | |
Foreign currency translations | (14,396) | 35,691 | |
Net change in unrealized appreciation/depreciation | 47,840,557 | (121,183,594) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | 13,114,068 | 17,391,095 | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ 32,035,876 | $ 30,552,011 | |
*Includes foreign deferred taxes | $ (30,781) | $ — |
Table of Contents
SPDR Dow Jones Global Real Estate ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 77,353,840 | $ 64,602,385 | |
Net realized gain (loss) | 79,515,669 | 16,578,175 | |
Net change in unrealized appreciation/depreciation | (68,920,515) | (96,432,712) | |
Net increase (decrease) in net assets resulting from operations | 87,948,994 | (15,252,152) | |
Net equalization credits and charges | (269,699) | (65,431) | |
Distributions to shareholders(a) | (96,040,795) | (90,734,532) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 58,219,518 | 475,561,849 | |
Cost of shares redeemed | (440,022,954) | (175,481,476) | |
Net income equalization | 269,699 | 65,431 | |
Net increase (decrease) in net assets from beneficial interest transactions | (381,533,737) | 300,145,804 | |
Net increase (decrease) in net assets during the period | (389,895,237) | 194,093,689 | |
Net assets at beginning of period | 2,688,166,221 | 2,494,072,532 | |
NET ASSETS AT END OF PERIOD(b) | $2,298,270,984 | $2,688,166,221 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 1,200,000 | 10,000,000 | |
Shares redeemed | (9,300,000) | (3,800,000) | |
Net increase (decrease) | (8,100,000) | 6,200,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $89,877,393 from net investment income and $857,139 from net realized capital gains. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $(18,273,130) as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR Dow Jones International Real Estate ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 111,932,925 | $ 113,061,250 | |
Net realized gain (loss) | 116,708,708 | 5,247,767 | |
Net change in unrealized appreciation/depreciation | (118,617,529) | (154,768,441) | |
Net increase (decrease) in net assets resulting from operations | 110,024,104 | (36,459,424) | |
Net equalization credits and charges | 17,048,570 | 15,880,576 | |
Distributions to shareholders(a) | (100,321,089) | (311,582,179) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 142,178,233 | 256,719,441 | |
Cost of shares redeemed | (816,172,538) | (782,280,454) | |
Net income equalization | (17,048,570) | (15,880,576) | |
Net increase (decrease) in net assets from beneficial interest transactions | (691,042,875) | (541,441,589) | |
Net increase (decrease) in net assets during the period | (664,291,290) | (873,602,616) | |
Net assets at beginning of period | 3,654,632,586 | 4,528,235,202 | |
NET ASSETS AT END OF PERIOD(b) | $2,990,341,296 | $3,654,632,586 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 3,500,000 | 7,000,000 | |
Shares redeemed | (20,700,000) | (20,600,000) | |
Net increase (decrease) | (17,200,000) | (13,600,000) |
(a)For the period ended September 30, 2017, the distributions to shareholders was $311,582,179 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $(92,868,098) as of September 30, 2017. See Note 11 on the notes to financial statements. |
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SPDR S&P China ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 18,359,642 | $ 16,238,110 | |
Net realized gain (loss) | 1,044,675 | 12,351,245 | |
Net change in unrealized appreciation/depreciation | (59,528,403) | 216,230,520 | |
Net increase (decrease) in net assets resulting from operations | (40,124,086) | 244,819,875 | |
Distributions to shareholders(a) | (23,276,903) | (13,804,543) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 83,609,512 | 65,862,580 | |
Cost of shares redeemed | (9,846,888) | (79,843,509) | |
Other capital | — | 81,680 | |
Net increase (decrease) in net assets from beneficial interest transactions | 73,762,624 | (13,899,249) | |
Net increase (decrease) in net assets during the period | 10,361,635 | 217,116,083 | |
Net assets at beginning of period | 1,029,239,112 | 812,123,029 | |
NET ASSETS AT END OF PERIOD(b) | $1,039,600,747 | $1,029,239,112 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 700,000 | 800,000 | |
Shares redeemed | (100,000) | (1,000,000) | |
Net increase (decrease) | 600,000 | (200,000) |
(a)For the period ended September 30, 2017, the distributions to shareholders was $13,804,543 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $12,797,160 as of September 30, 2017. See Note 11 on the notes to financial statements. |
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SPDR S&P Global Natural Resources ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 44,179,420 | $ 27,102,435 | |
Net realized gain (loss) | 80,617,909 | (14,310,322) | |
Net change in unrealized appreciation/depreciation | 39,120,633 | 164,355,129 | |
Net increase (decrease) in net assets resulting from operations | 163,917,962 | 177,147,242 | |
Distributions to shareholders(a) | (36,141,842) | (21,131,997) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 522,289,400 | 383,018,989 | |
Cost of shares redeemed | (322,398,136) | (35,713,570) | |
Net increase (decrease) in net assets from beneficial interest transactions | 199,891,264 | 347,305,419 | |
Net increase (decrease) in net assets during the period | 327,667,384 | 503,320,664 | |
Net assets at beginning of period | 1,226,153,541 | 722,832,877 | |
NET ASSETS AT END OF PERIOD(b) | $1,553,820,925 | $1,226,153,541 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 10,550,000 | 9,150,000 | |
Shares redeemed | (6,600,000) | (900,000) | |
Net increase (decrease) | 3,950,000 | 8,250,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $21,131,997 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $11,067,062 as of September 30, 2017. See Note 11 on the notes to financial statements. |
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SPDR S&P International Small Cap ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 18,921,808 | $ 15,381,998 | |
Net realized gain (loss) | (34,726,489) | 30,389,035 | |
Net change in unrealized appreciation/depreciation | 47,840,557 | 74,520,391 | |
Net increase (decrease) in net assets resulting from operations | 32,035,876 | 120,291,424 | |
Distributions to shareholders(a) | (47,609,634) | (26,995,838) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 127,692,904 | 109,633,538 | |
Cost of shares redeemed | (127,432,661) | (18,811,709) | |
Net increase (decrease) in net assets from beneficial interest transactions | 260,243 | 90,821,829 | |
Net increase (decrease) in net assets during the period | (15,313,515) | 184,117,415 | |
Net assets at beginning of period | 886,429,537 | 702,312,122 | |
NET ASSETS AT END OF PERIOD(b) | $ 871,116,022 | $886,429,537 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 3,500,000 | 3,500,000 | |
Shares redeemed | (3,600,000) | (600,000) | |
Net increase (decrease) | (100,000) | 2,900,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $18,173,278 from net investment income and $8,822,560 from net realized capital gains. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $9,085,380 as of September 30, 2017. See Note 11 on the notes to financial statements. |
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SPDR S&P North American Natural Resources ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 13,160,916 | $ 13,633,658 | |
Net realized gain (loss) | 138,574,689 | 7,457,091 | |
Net change in unrealized appreciation/depreciation | (121,183,594) | 17,983,725 | |
Net increase (decrease) in net assets resulting from operations | 30,552,011 | 39,074,474 | |
Net equalization credits and charges | (24,268) | 344,809 | |
Distributions to shareholders(a) | (17,806,549) | (40,935,283) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 142,982,041 | 199,954,790 | |
Cost of shares redeemed | (457,780,878) | (10,426,420) | |
Net income equalization | 24,268 | (344,809) | |
Net increase (decrease) in net assets from beneficial interest transactions | (314,774,569) | 189,183,561 | |
Net increase (decrease) in net assets during the period | (302,053,375) | 187,667,561 | |
Net assets at beginning of period | 1,016,760,004 | 829,092,443 | |
NET ASSETS AT END OF PERIOD(b) | $ 714,706,629 | $1,016,760,004 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 4,150,000 | 6,150,000 | |
Shares redeemed | (13,500,000) | (300,000) | |
Net increase (decrease) | (9,350,000) | 5,850,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $13,273,288 from net investment income and $27,661,995 from net realized capital gains. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $4,191,349 as of September 30, 2017. See Note 11 on the notes to financial statements. |
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SPDR Dow Jones Global Real Estate ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 47.66 | $ 49.68 | $ 45.11 | $ 44.24 | $ 42.16 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.43 | 1.19 | 1.23 | 1.17 | 1.23 | ||||
Net realized and unrealized gain (loss) (b) | 0.27 | (1.51) | 4.88 | 1.04 | 2.24 | ||||
Total from investment operations | 1.70 | (0.32) | 6.11 | 2.21 | 3.47 | ||||
Net equalization credits and charges (a) | (0.00)(c) | (0.00)(c) | 0.03 | 0.02 | 0.07 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.78) | (1.68) | (1.57) | (1.36) | (1.46) | ||||
Net realized gains | — | (0.02) | — | — | — | ||||
Total distributions | (1.78) | (1.70) | (1.57) | (1.36) | (1.46) | ||||
Net asset value, end of period | $ 47.58 | $ 47.66 | $ 49.68 | $ 45.11 | $ 44.24 | ||||
Total return (d) | 3.60% | (0.55)% | 13.71% | 4.96% | 8.44% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $2,298,271 | $2,688,166 | $2,494,073 | $1,899,194 | $1,473,132 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||
Net investment income (loss) | 3.00% | 2.52% | 2.56% | 2.46% | 2.77% | ||||
Portfolio turnover rate (e) | 11% | 13% | 9% | 6% | 7% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR Dow Jones International Real Estate ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 38.37 | $ 41.61 | $ 39.24 | $ 41.54 | $ 42.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.26 | 1.16 | 1.08 | 1.02 | 1.39 | ||||
Net realized and unrealized gain (loss) (b) | (0.33) | (1.36) | 2.32 | (2.07) | 0.16 | ||||
Total from investment operations | 0.93 | (0.20) | 3.40 | (1.05) | 1.55 | ||||
Net equalization credits and charges (a) | 0.19 | 0.16 | 0.08 | (0.01) | (0.06) | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.17) | (3.20) | (1.11) | (1.24) | (1.95) | ||||
Net asset value, end of period | $ 38.32 | $ 38.37 | $ 41.61 | $ 39.24 | $ 41.54 | ||||
Total return (c) | 2.87% | 0.48% | 8.93% | (2.66)% | 3.57% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $2,990,341 | $3,654,633 | $4,528,235 | $4,753,058 | $4,903,056 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.59% | 0.59% | 0.59% | 0.60% | 0.59% | ||||
Net investment income (loss) | 3.18% | 3.03% | 2.65% | 2.40% | 3.27% | ||||
Portfolio turnover rate (d) | 15% | 18% | 14% | 8% | 8% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P China ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 101.90 | $ 78.85 | $ 68.73 | $ 76.42 | $ 74.18 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.74 | 1.57(b) | 1.38 | 1.92 | 1.77 | ||||
Net realized and unrealized gain (loss) (c) | (4.21) | 22.78 | 10.68 | (8.34) | 1.93 | ||||
Total from investment operations | (2.47) | 24.35 | 12.06 | (6.42) | 3.70 | ||||
Other capital | — | 0.01 | 0.00(d) | 0.02 | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (2.27) | (1.31) | (1.94) | (1.29) | (1.46) | ||||
Net asset value, end of period | $ 97.16 | $ 101.90 | $ 78.85 | $ 68.73 | $ 76.42 | ||||
Total return (e) | (2.64)% | 31.50%(b) | 17.81% | (8.69)% | 5.00% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $1,039,601 | $1,029,239 | $812,123 | $817,908 | $947,605 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% | ||||
Net investment income (loss) | 1.62% | 1.85%(b) | 1.94% | 2.32% | 2.33% | ||||
Portfolio turnover rate (f) | 3% | 5% | 6% | 14% | 10% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividend from portfolio holding. The resulting increase to net investment income amounted to $0.19 per share and 0.23% of average net assets. If the special dividends were not received during the year ended September 30, 2017, the total return would have been 31.24%. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P Global Natural Resources ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 45.84 | $ 39.07 | $ 32.56 | $ 48.62 | $ 48.54 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.49 | 1.19 | 0.97 | 1.51 | 1.33 | ||||
Net realized and unrealized gain (loss) (b) | 4.52 | 6.51 | 6.63 | (16.27) | (0.10) | ||||
Total from investment operations | 6.01 | 7.70 | 7.60 | (14.76) | 1.23 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.24) | (0.93) | (1.09) | (1.30) | (1.15) | ||||
Net asset value, end of period | $ 50.61 | $ 45.84 | $ 39.07 | $ 32.56 | $ 48.62 | ||||
Total return (c) | 13.17% | 19.95% | 23.87% | (30.97)% | 2.39% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $1,553,821 | $1,226,154 | $722,833 | $569,822 | $595,617 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.40% | 0.41% | 0.40% | 0.40% | 0.40% | ||||
Net investment income (loss) | 3.03% | 2.82% | 2.75% | 3.52% | 2.63% | ||||
Portfolio turnover rate (d) | 19% | 25% | 23% | 21% | 18% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P International Small Cap ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 34.90 | $ 31.21 | $ 27.57 | $ 32.76 | $ 32.82 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 0.74 | 0.63 | 0.62 | 0.57 | 0.54 | ||||
Net realized and unrealized gain (loss) (b) | 0.71 | 4.23 | 3.76 | (2.14) | 0.36 | ||||
Total from investment operations | 1.45 | 4.86 | 4.38 | (1.57) | 0.90 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (0.91) | (0.79) | (0.59) | (0.49) | (0.96) | ||||
Net realized gains | (1.01) | (0.38) | (0.15) | (3.13) | — | ||||
Total distributions | (1.92) | (1.17) | (0.74) | (3.62) | (0.96) | ||||
Net asset value, end of period | $ 34.43 | $ 34.90 | $ 31.21 | $ 27.57 | $ 32.76 | ||||
Total return (c) | 4.02% | 16.30% | 16.18% | (4.77)% | 2.69% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $871,116 | $886,430 | $702,312 | $650,556 | $792,719 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.40% | 0.40% | 0.40% | 0.47% | 0.60% | ||||
Net investment income (loss) | 2.11% | 1.99% | 2.15% | 1.93% | 1.59% | ||||
Portfolio turnover rate (d) | 29% | 31% | 20% | 17% | 51% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P North American Natural Resources ETF | |||||
Year Ended 9/30/18 | Year Ended 9/30/17 | For the Period 12/16/15* - 9/30/16 | |||
Net asset value, beginning of period | $ 33.67 | $ 34.05 | $ 25.00 | ||
Income (loss) from investment operations: | |||||
Net investment income (loss) (a) | 0.54 | 0.50 | 0.39 | ||
Net realized and unrealized gain (loss) (b) | 0.72 | 0.75 | 8.91 | ||
Total from investment operations | 1.26 | 1.25 | 9.30 | ||
Net equalization credits and charges (a) | (0.00)(c) | 0.01 | (0.02) | ||
Distributions to shareholders from: | |||||
Net investment income | (0.50) | (0.51) | (0.25) | ||
Net realized gains | (0.15) | (1.13) | — | ||
Total distributions | (0.65) | (1.64) | (0.25) | ||
Net asset value, end of period | $ 34.28 | $ 33.67 | $ 34.05 | ||
Total return (d) | 3.67% | 3.74% | 37.21% | ||
Ratios and Supplemental Data: | |||||
Net assets, end of period (in 000s) | $714,707 | $1,016,760 | $829,092 | ||
Ratios to average net assets: | |||||
Total expenses | 0.35% | 0.35% | 0.35%(e) | ||
Net investment income (loss) | 1.57% | 1.53% | 1.63%(e) | ||
Portfolio turnover rate (f) | 20% | 15% | 15%(g) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Not annualized. |
Table of Contents
SPDR Dow Jones Global Real Estate ETF |
SPDR Dow Jones International Real Estate ETF |
SPDR S&P China ETF |
SPDR S&P Global Natural Resources ETF |
SPDR S&P International Small Cap ETF |
SPDR S&P North American Natural Resources ETF |
Table of Contents
Table of Contents
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Table of Contents
SPDR Dow Jones Global Real Estate ETF |
SPDR Dow Jones International Real Estate ETF |
SPDR S&P North American Natural Resources ETF |
Table of Contents
Annual Rate | |
SPDR Dow Jones Global Real Estate ETF | 0.50% |
SPDR Dow Jones International Real Estate ETF | 0.59 |
SPDR S&P China ETF | 0.59 |
SPDR S&P Global Natural Resources ETF | 0.40 |
SPDR S&P International Small Cap ETF | 0.40 |
SPDR S&P North American Natural Resources ETF | 0.35 |
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Purchases | Sales | ||
SPDR Dow Jones Global Real Estate ETF | $280,662,767 | $270,160,941 | |
SPDR Dow Jones International Real Estate ETF | 591,131,793 | 531,879,799 | |
SPDR S&P China ETF | 105,332,124 | 38,568,882 | |
SPDR S&P Global Natural Resources ETF | 334,772,426 | 273,829,157 |
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Purchases | Sales | ||
SPDR S&P International Small Cap ETF | $258,140,133 | $286,936,766 | |
SPDR S&P North American Natural Resources ETF | 171,729,624 | 172,748,101 |
In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains/(Losses) | |||
SPDR Dow Jones Global Real Estate ETF | $ 57,938,581 | $438,818,374 | $ 85,048,749 | ||
SPDR Dow Jones International Real Estate ETF | 141,135,753 | 811,086,863 | 127,257,663 | ||
SPDR S&P China ETF | 11,919,223 | 9,784,713 | 3,729,260 | ||
SPDR S&P Global Natural Resources ETF | 459,438,321 | 319,702,921 | 95,367,773 | ||
SPDR S&P International Small Cap ETF | 101,259,362 | 101,031,068 | 23,088,170 | ||
SPDR S&P North American Natural Resources ETF | 142,723,327 | 459,636,014 | 139,641,802 |
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Table of Contents
Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR Dow Jones Global Real Estate ETF | $ 96,040,795 | $ — | $ 96,040,795 | ||
SPDR Dow Jones International Real Estate ETF | 100,321,089 | — | 100,321,089 | ||
SPDR S&P China ETF | 23,276,903 | — | 23,276,903 | ||
SPDR S&P Global Natural Resources ETF | 36,141,842 | — | 36,141,842 | ||
SPDR S&P International Small Cap ETF | 39,860,144 | 7,749,490 | 47,609,634 | ||
SPDR S&P North American Natural Resources ETF | 14,359,927 | 3,446,622 | 17,806,549 |
Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR Dow Jones Global Real Estate ETF | $ 87,939,400 | $ 2,795,132 | $ 90,734,532 | ||
SPDR Dow Jones International Real Estate ETF | 311,582,179 | — | 311,582,179 | ||
SPDR S&P China ETF | 13,804,543 | — | 13,804,543 | ||
SPDR S&P Global Natural Resources ETF | 21,131,997 | — | 21,131,997 | ||
SPDR S&P International Small Cap ETF | 23,340,656 | 3,655,182 | 26,995,838 | ||
SPDR S&P North American Natural Resources ETF | 40,935,283 | — | 40,935,283 |
Undistributed Ordinary Income | Capital Loss Carryforwards | Undistributed Long-Term Capital Gains | Net Unrealized Gains (Losses) | Qualified Late-Year Losses* | Total | ||||||
SPDR Dow Jones Global Real Estate ETF | $ — | $ (39,884,702) | $— | $ 56,533,010 | $— | $ 16,648,308 | |||||
SPDR Dow Jones International Real Estate ETF | 56,917,071 | (586,095,473) | — | (57,607,769) | — | (586,786,171) | |||||
SPDR S&P China ETF | 12,226,150 | (131,895,853) | — | 116,819,300 | — | (2,850,403) | |||||
SPDR S&P Global Natural Resources ETF | 17,900,166 | (197,531,949) | — | 131,548,111 | — | (48,083,672) | |||||
SPDR S&P International Small Cap ETF | 17,516,390 | (59,781,670) | — | 39,699,999 | — | (2,565,281) | |||||
SPDR S&P North American Natural Resources ETF | 4,509,185 | — | — | 84,857,631 | — | 89,366,816 |
* The Funds have elected to defer certain qualified late-year losses and recognize such losses in the next taxable year. |
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Expiring 2019 | Non-Expiring Short Term** | Non-Expiring Long Term** | |||
SPDR Dow Jones Global Real Estate ETF | $ — | $ 15,841,171 | $ 24,043,531 | ||
SPDR Dow Jones International Real Estate ETF | 64,649,806 | 101,653,932 | 419,791,735 | ||
SPDR S&P China ETF | 20,718,358 | 17,207,524 | 93,969,971 | ||
SPDR S&P Global Natural Resources ETF | — | 18,848,923 | 178,683,026 | ||
SPDR S&P International Small Cap ETF | — | 1,391,361 | 58,390,309 |
** Must be utilized prior to losses subject to expiration. |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
SPDR Dow Jones Global Real Estate ETF | $2,243,693,676 | $217,143,136 | $160,571,274 | $ 56,571,862 | |||
SPDR Dow Jones International Real Estate ETF | 3,055,091,565 | 202,242,413 | 259,752,533 | (57,510,120) | |||
SPDR S&P China ETF | 931,161,133 | 260,452,053 | 143,599,333 | 116,852,720 | |||
SPDR S&P Global Natural Resources ETF | 1,416,569,727 | 167,676,347 | 36,110,634 | 131,565,713 | |||
SPDR S&P International Small Cap ETF | 907,578,993 | 99,276,184 | 59,527,145 | 39,749,039 | |||
SPDR S&P North American Natural Resources ETF | 677,291,295 | 98,382,306 | 13,526,570 | 84,855,736 |
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Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received* | Total Collateral Received | ||||
SPDR Dow Jones Global Real Estate ETF | $ 24,970,792 | $ 10,956,272 | $ 15,069,372 | $ 26,025,644 | ||||
SPDR Dow Jones International Real Estate ETF | 26,899,627 | 21,488,695 | 7,073,650 | 28,562,345 | ||||
SPDR S&P China ETF | 73,427,298 | 14,615,815 | 65,848,557 | 80,464,372 | ||||
SPDR S&P Global Natural Resources ETF | 17,450,348 | 5,844,772 | 12,109,843 | 17,954,615 | ||||
SPDR S&P International Small Cap ETF | 108,903,680 | 80,083,724 | 35,809,207 | 115,892,931 | ||||
SPDR S&P North American Natural Resources ETF | 47,465,282 | 48,221,868 | 1,246,420 | 49,468,288 |
* | The non-cash collateral includes U.S. Treasuries and U.S. Government Agency securities. |
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Remaining Contractual Maturity of the Agreements As of September 30, 2018 | ||||||||||||||
Fund | Securities Lending Transactions | Overnight and Continuous | <30 Days | Between 30 & 90 Days | >90 Days | Total Borrowings | Gross Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR Dow Jones Global Real Estate ETF | Common Stocks | $10,956,272 | $— | $— | $— | $10,956,272 | $10,956,272 | |||||||
SPDR Dow Jones International Real Estate ETF | Common Stocks | 21,488,695 | — | — | — | 21,488,695 | 21,488,695 | |||||||
SPDR S&P China ETF | Common Stocks | 14,615,815 | — | — | — | 14,615,815 | 14,615,815 | |||||||
SPDR S&P Global Natural Resources ETF | Common Stocks | 5,844,772 | — | — | — | 5,844,772 | 5,844,772 | |||||||
SPDR S&P International Small Cap ETF | Common Stocks | 80,081,919 | — | — | — | 80,081,919 | 80,081,919 | |||||||
SPDR S&P International Small Cap ETF | Warrants | 1,805 | — | — | — | 1,805 | 1,805 | |||||||
SPDR S&P North American Natural Resources ETF | Common Stocks | 48,221,868 | — | — | — | 48,221,868 | 48,221,868 |
SPDR S&P International Small Cap ETF |
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Boston, Massachusetts
November 26, 2018
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SPDR Dow Jones Global Real Estate ETF | SPDR Dow Jones International Real Estate ETF | SPDR S&P China ETF | ||||
Annualized Expense Ratio | 0.50% | 0.59% | 0.59% | |||
Actual: | ||||||
Ending Account Value | $1,051.80 | $ 981.70 | $ 892.50 | |||
Expenses Paid During Period(a) | 2.57 | 2.93 | 2.80 | |||
Hypothetical (assuming a 5% return before expenses): | ||||||
Ending Account Value | 1,022.60 | 1,022.10 | 1,022.10 | |||
Expenses Paid During Period(a) | 2.54 | 2.99 | 2.99 |
SPDR S&P Global Natural Resources ETF | SPDR S&P International Small Cap ETF | SPDR S&P North American Natural Resources ETF | ||||
Annualized Expense Ratio | 0.40% | 0.41% | 0.35% | |||
Actual: | ||||||
Ending Account Value | $1,063.20 | $ 982.40 | $1,026.90 | |||
Expenses Paid During Period(a) | 2.07 | 2.04 | 1.78 | |||
Hypothetical (assuming a 5% return before expenses): | ||||||
Ending Account Value | 1,023.10 | 1,023.00 | 1,023.30 | |||
Expenses Paid During Period(a) | 2.03 | 2.08 | 1.78 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 183, then divided by 365. |
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Amount | |
SPDR S&P International Small Cap ETF | $7,749,490 |
SPDR S&P North American Natural Resources ETF | 3,797,686 |
Amount | |
SPDR Dow Jones International Real Estate ETF | $9,850,453 |
SPDR S&P China ETF | 1,712,360 |
SPDR S&P Global Natural Resources ETF | 2,158,672 |
SPDR S&P International Small Cap ETF | 1,504,021 |
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Amount | |
SPDR Dow Jones International Real Estate ETF | $147,879,205 |
SPDR S&P China ETF | 25,181,888 |
SPDR S&P Global Natural Resources ETF | 41,229,255 |
SPDR S&P International Small Cap ETF | 20,674,840 |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
Trustees | ||||||||||
Independent Trustees | ||||||||||
FRANK NESVET c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1943 | Independent Trustee, Chairman, Trustee Committee Chair | Term: Unlimited Served: since September 2000 | Retired. | 125 | None. | |||||
BONNY EUGENIA BOATMAN c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1950 | Independent Trustee | Term: Unlimited Served: since April 2010 | Retired. | 125 | None. | |||||
DWIGHT D. CHURCHILL c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1953 | Independent Trustee | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2010; CEO and President, CFA Institute (June 2014-January 2015). | 125 | Affiliated Managers Group, Inc. (Director). | |||||
CARL G. VERBONCOEUR c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1952 | Independent Trustee, Audit Committee Chair | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2009. | 125 | The Motley Fool Funds Trust (Trustee). | |||||
CLARE S. RICHER c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, Putnam Investments LLC (December 2008 – May 2017). | 125 | Putnam Acquisition Financing Inc. (Director); Putnam Acquisition Financing LLC (Director); Putnam GP Inc. (Director); Putnam Investor Services, Inc. (Director); Putnam Investments Limited (Director); University of Notre Dame (Trustee). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
SANDRA G. SPONEM c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, M.A. Mortenson Companies, Inc. (February 2007 – April 2017). | 125 | Guggenheim / Rydex Funds (Trustee). | |||||
Interested Trustee | ||||||||||
JAMES E. ROSS* SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1965 | Interested Trustee | Term: Unlimited Served as Trustee: since April 2010 | Chairman and Director, SSGA Funds Management, Inc. (2005-present); Executive Vice President, State Street Global Advisors (2012-present); Chief Executive Officer and Director, State Street Global Advisors Funds Distributors, LLC (May 2017- present); Director, State Street Global Markets, LLC (2013-April 2017); President, SSGA Funds Management, Inc. (2005-2012); Principal, State Street Global Advisors (2000 - 2005). | 195 | SSGA SPDR ETFs Europe I plc (Director) (November 2016- present); SSGA SPDR ETFs Europe II plc (Director) (November 2016- present). | |||||
† For the purpose of determining the number of portfolios overseen by the Trustees, “Fund Complex” comprises registered investment companies for which SSGA Funds Management, Inc. serves as investment adviser. | ||||||||||
* Mr. Ross is an Interested Trustee because of his employment with the Adviser and ownership interest in an affiliate of the Adviser. Mr. Ross previously served as an Interested Trustee from November 2005 to December 2009. |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Officers | ||||||
ELLEN M. NEEDHAM SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 | President | Term: Unlimited Served: since October 2012 | President and Director, SSGA Funds Management, Inc. (2001 - present)*; Senior Managing Director, State Street Global Advisors (1992 - present)*; Director, State Street Global Advisors Funds Distributors, LLC (May 2017 - present). | |||
BRUCE S. ROSENBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1961 | Treasurer | Term: Unlimited Served: since February 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (July 2015 - present); Director, Credit Suisse (April 2008 - July 2015). | |||
ANN M. CARPENTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1966 | Vice President; Deputy Treasurer | Term: Unlimited Served: since August 2012 (witrh respect to Vice President); Unlimited Served: since February 2016 (with respect to Deputy Treasurer) | Chief Operating Officer, SSGA Funds Management, Inc. (2005 - Present)*; Managing Director, State Street Global Advisors (2005 - present).* | |||
MICHAEL P. RILEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Vice President | Term: Unlimited Served: since February 2005 | Managing Director, State Street Global Advisors (2005 - present).* | |||
JOSHUA A. WEINBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1978 | Chief Legal Officer | Term: Unlimited Served: since February 2015 | Managing Director and Managing Counsel, State Street Global Advisors (2011 - present); Clerk, SSGA Funds Management, Inc. (2013 - present); Associate, Financial Services Group, Dechert LLP (2006 - 2011). | |||
JESSE D. HALLEE State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02210 1976 | Secretary | Term: Unlimited Served: since August 2017 | Vice President and Senior Counsel, State Street Bank and Trust Company (2013 – present); Vice President and Counsel, Brown Brothers Harriman & Co. (2007- 2013).** |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
ESTEFANIA SALOMON State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02111 1983 | Assistant Secretary | Term: Unlimited Served: since May 2018 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (2018 – present); Senior Compliance Consultant, AdvisorAssist, LLC (2017); Attorney, Commonwealth of Massachusetts, Securities Division (2014-2017). | |||
CHAD C. HALLETT SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Deputy Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (November 2014 - present); Vice President, State Street Bank and Trust Company (2001 - November 2014).* | |||
DARLENE ANDERSON-VASQUEZ SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1968 | Deputy Treasurer | Term: Unlimited Served: since November 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (May 2016 - present); Senior Vice President, John Hancock Investments (September 2007 - May 2016). | |||
ARTHUR A. JENSEN SSGA Funds Management, Inc. 1600 Summer Street Stamford, CT 06905 1966 | Deputy Treasurer | Term: Unlimited Served: Since August 2017 | Vice President at State Street Global Advisors (July 2016 – present); Mutual Funds Controller of GE Asset Management Incorporated (April 2011 - July 2016); | |||
SUJATA UPRETI SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1974 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Assistant Director, Cambridge Associates, LLC (July 2014 - January 2015); Vice President, Bank of New York Mellon (July 2012 - August 2013); Manager, PricewaterhouseCoopers, LLP (September 2003 - July 2012). | |||
DANIEL FOLEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1972 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (April 2007 - present).* | |||
DANIEL G. PLOURDE SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1980 | Assistant Treasurer | Term: Unlimited Served: since May 2017 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Officer, State Street Bank and Trust Company (March 2009 - May 2015). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
BRIAN HARRIS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1973 | Chief Compliance Officer; Anti- Money Laundering Officer; Code of Ethics Compliance Officer | Term: Unlimited Served: since November 2013 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (June 2013 - present)*; Senior Vice President and Global Head of Investment Compliance, BofA Global Capital Management (2010 - 2013). | |||
* Served in various capacities and/or with various affiliated entities during noted time period. | ||||||
** Served in various capacities and/or with unaffiliated mutual funds or closed-end funds for which State Street Bank and Trust Company or its affiliates act as a provider of services during the noted time period. | ||||||
The Trust's Statement of Additional Information (SAI) includes additional information about Funds' directors and is available, without charge, upon request and by calling 1-866-787-2257. |
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One Iron Street
Boston, MA 02210
One Iron Street
Boston, MA 02210
and Transfer Agent
One Lincoln Street
Boston, MA 02111
1111 Pennsylvania Avenue, NW
Washington, DC 20004
101 Seaport Boulevard
Suite 500
Boston, MA 02210
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The Funds are not sponsored, endorsed, sold, or promoted by Stoxx, S&P Dow Jones Indices LLC, MSCI Inc., and Russell Investment Group. Neither do these companies make any representation regarding the advisability of investing in the Funds. The Funds are distributed by State Street Global Advisors Funds Distributors, LLC, an indirect wholly-owned subsidiary of State Street Corporation. State Street Global Advisors Funds Distributors, LLC is a member of FINRA, SIPC. References to State Street may include State Street Corporation and its affiliates. Shares of the Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. Fund shares are subject to investment risks, including possible loss of the principal invested. The Funds pay State Street for its services as investment adviser, administrator and securities lending agent.
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SPDR EURO STOXX 50 ETF |
SPDR MSCI ACWI ex-US ETF |
SPDR S&P Emerging Markets Dividend ETF |
SPDR S&P Emerging Markets Small Cap ETF |
SPDR S&P International Dividend ETF |
SPDR STOXX Europe 50 ETF |
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1 | |
Management’s Discussion of Fund Performance, Performance Summaries & Portfolio Statistics (Unaudited) | |
3 | |
6 | |
9 | |
12 | |
15 | |
18 | |
Schedules of Investments | |
21 | |
24 | |
32 | |
38 | |
45 | |
50 | |
53 | |
65 | |
71 | |
86 | |
88 |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | Euro Stoxx 50 Index | Net Value Asset | Market Value | Euro Stoxx 50 Index | ||||
ONE YEAR | – 4.40% | – 4.46% | – 4.62% | – 4.40% | – 4.46% | – 4.62% | |||
FIVE YEARS | 16.52% | 16.09% | 15.19% | 3.11% | 3.03% | 2.87% | |||
TEN YEARS | 29.45% | 26.90% | 25.49% | 2.61% | 2.41% | 2.30% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
TOTAL SA | 6.2% | ||
SAP SE | 4.8 | ||
Siemens AG | 3.9 | ||
Sanofi | 3.6 | ||
Allianz SE | 3.4 | ||
LVMH Moet Hennessy Louis Vuitton SE | 3.4 | ||
Unilever NV | 3.0 | ||
Bayer AG | 3.0 | ||
BASF SE | 2.9 | ||
Banco Santander SA | 2.9 | ||
TOTAL | 37.1% |
% of Net Assets | |||
Financials | 18.1% | ||
Industrials | 13.0 | ||
Consumer Discretionary | 11.8 | ||
Consumer Staples | 10.6 | ||
Health Care | 10.4 | ||
Information Technology | 10.2 | ||
Energy | 7.9 | ||
Materials | 7.4 | ||
Communication Services | 5.3 | ||
Utilities | 3.9 | ||
Real Estate | 1.0 | ||
Short-Term Investments | 0.1 | ||
Other Assets in Excess of Liabilities | 0.3 | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI ACWI Ex USA Index | Net Value Asset | Market Value | MSCI ACWI Ex USA Index | ||||
ONE YEAR | 1.76% | 1.03% | 1.76% | 1.76% | 1.03% | 1.76% | |||
FIVE YEARS | 24.04% | 23.80% | 22.38% | 4.40% | 4.36% | 4.12% | |||
TEN YEARS | 68.25% | 64.91% | 65.77% | 5.34% | 5.13% | 5.18% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Nestle SA | 1.3% | ||
Tencent Holdings, Ltd. | 1.2 | ||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1.1 | ||
Samsung Electronics Co., Ltd. GDR | 1.1 | ||
Novartis AG | 1.0 | ||
HSBC Holdings PLC | 0.9 | ||
Alibaba Group Holding, Ltd. ADR | 0.9 | ||
Roche Holding AG | 0.8 | ||
TOTAL SA | 0.8 | ||
BP PLC | 0.8 | ||
TOTAL | 9.9% |
% of Net Assets | |||
Financials | 21.9% | ||
Industrials | 12.4 | ||
Consumer Discretionary | 10.1 | ||
Consumer Staples | 9.4 | ||
Health Care | 8.6 | ||
Information Technology | 8.4 | ||
Communication Services | 7.8 | ||
Materials | 7.7 | ||
Energy | 7.5 | ||
Utilities | 2.9 | ||
Real Estate | 2.6 | ||
Short-Term Investments | 1.6 | ||
Liabilities in Excess of Other Assets | (0.9) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Emerging Markets Dividend Opportunities Index | Net Value Asset | Market Value | S&P Emerging Markets Dividend Opportunities Index | ||||
ONE YEAR | 5.26% | 4.48% | 6.54% | 5.26% | 4.48% | 6.54% | |||
FIVE YEARS | – 6.37% | – 6.71% | – 0.72% | – 1.31% | – 1.38% | – 0.14% | |||
SINCE INCEPTION(1) | – 12.33% | – 12.54% | – 2.01% | – 1.72% | – 1.75% | – 0.27% | |||
(1) | For the period February 23, 2011 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (2/23/11, 2/24/11, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
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Description | % of Net Assets | ||
China Mobile, Ltd. | 2.7% | ||
PTT Global Chemical PCL NVDR | 2.6 | ||
Vodacom Group, Ltd. | 2.4 | ||
Land & Houses PCL | 2.3 | ||
PTT PCL NVDR | 2.3 | ||
China Communications Construction Co., Ltd. Class H | 2.3 | ||
Gazprom PJSC ADR | 2.2 | ||
Foschini Group, Ltd. | 2.1 | ||
Truworths International, Ltd. | 2.1 | ||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 2.0 | ||
TOTAL | 23.0% |
% of Net Assets | |||
Financials | 24.3% | ||
Industrials | 12.5 | ||
Communication Services | 11.5 | ||
Energy | 10.5 | ||
Information Technology | 9.2 | ||
Real Estate | 8.7 | ||
Materials | 6.7 | ||
Consumer Discretionary | 6.5 | ||
Consumer Staples | 5.3 | ||
Utilities | 4.2 | ||
Health Care | 0.3 | ||
Short-Term Investments | 1.6 | ||
Liabilities in Excess of Other Assets | (1.3) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Emerging Markets Under USD2 Billion Index | Net Value Asset | Market Value | S&P Emerging Markets Under USD2 Billion Index | ||||
ONE YEAR | – 6.49% | – 6.95% | – 7.14% | – 6.49% | – 6.95% | – 7.14% | |||
FIVE YEARS | 10.49% | 11.82% | 11.92% | 2.01% | 2.26% | 2.28% | |||
TEN YEARS | 79.81% | 77.23% | 100.57% | 6.04% | 5.89% | 7.21% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Moneta Money Bank A/S | 0.3% | ||
Bursa Malaysia Bhd | 0.3 | ||
Estacio Participacoes SA | 0.3 | ||
Reunert, Ltd. | 0.3 | ||
Chipbond Technology Corp. | 0.3 | ||
BR Malls Participacoes SA | 0.3 | ||
WHA Corp. PCL NVDR | 0.3 | ||
Teco Electric and Machinery Co., Ltd. | 0.3 | ||
Accton Technology Corp. | 0.3 | ||
Chinasoft International, Ltd. | 0.3 | ||
TOTAL | 3.0% |
% of Net Assets | |||
Information Technology | 17.4% | ||
Consumer Discretionary | 14.9 | ||
Industrials | 14.2 | ||
Materials | 11.8 | ||
Financials | 9.5 | ||
Real Estate | 9.3 | ||
Consumer Staples | 6.2 | ||
Health Care | 5.9 | ||
Utilities | 3.8 | ||
Communication Services | 3.8 | ||
Energy | 2.8 | ||
Short-Term Investment | 2.6 | ||
Liabilities in Excess of Other Assets | (2.2) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P International Dividend Opportunities Index | Net Value Asset | Market Value | S&P International Dividend Opportunities Index | ||||
ONE YEAR | – 1.49% | – 2.28% | – 1.00% | – 1.49% | – 2.28% | – 1.00% | |||
FIVE YEARS | 3.87% | 3.23% | 6.71% | 0.76% | 0.64% | 1.31% | |||
TEN YEARS | 33.74% | 30.70% | 37.75% | 2.95% | 2.71% | 3.25% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
National Australia Bank, Ltd. | 2.2% | ||
Westpac Banking Corp. | 1.9 | ||
SSE PLC | 1.9 | ||
Vodacom Group, Ltd. | 1.9 | ||
Singapore Telecommunications, Ltd. | 1.8 | ||
Commonwealth Bank of Australia | 1.7 | ||
BCE, Inc. | 1.7 | ||
EDP - Energias de Portugal SA | 1.7 | ||
Swisscom AG | 1.6 | ||
TOTAL SA | 1.6 | ||
TOTAL | 18.0% |
% of Net Assets | |||
Financials | 25.0% | ||
Communication Services | 16.9 | ||
Real Estate | 14.8 | ||
Utilities | 12.2 | ||
Industrials | 8.7 | ||
Consumer Discretionary | 5.7 | ||
Consumer Staples | 5.5 | ||
Materials | 5.4 | ||
Information Technology | 2.1 | ||
Energy | 1.7 | ||
Health Care | 1.6 | ||
Short-Term Investments | 2.4 | ||
Liabilities in Excess of Other Assets | (2.0) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | STOXX Europe 50 Index | Net Value Asset | Market Value | STOXX Europe 50 Index | ||||
ONE YEAR | – 1.68% | – 2.35% | – 1.84% | – 1.68% | – 2.35% | – 1.84% | |||
FIVE YEARS | 11.50% | 10.75% | 11.69% | 2.20% | 2.06% | 2.23% | |||
TEN YEARS | 35.26% | 32.63% | 35.27% | 3.07% | 2.86% | 3.07% | |||
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Nestle SA | 6.1% | ||
Novartis AG | 5.2 | ||
HSBC Holdings PLC | 4.2 | ||
TOTAL SA | 4.1 | ||
Roche Holding AG | 4.0 | ||
Royal Dutch Shell PLC Class A | 3.7 | ||
BP PLC | 3.6 | ||
SAP SE | 3.1 | ||
Siemens AG | 2.6 | ||
British American Tobacco PLC | 2.5 | ||
TOTAL | 39.1% |
% of Net Assets | |||
Financials | 20.6% | ||
Health Care | 20.2 | ||
Consumer Staples | 18.9 | ||
Energy | 12.5 | ||
Industrials | 8.7 | ||
Materials | 5.8 | ||
Information Technology | 5.0 | ||
Consumer Discretionary | 3.6 | ||
Communication Services | 3.4 | ||
Utilities | 0.8 | ||
Short-Term Investment | 0.1 | ||
Other Assets in Excess of Liabilities | 0.4 | ||
TOTAL | 100.0% |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
BELGIUM — 2.7% | |||||
Anheuser-Busch InBev SA | 947,445 | $ 82,776,371 | |||
FINLAND — 1.1% | |||||
Nokia Oyj | 6,269,590 | 34,786,715 | |||
FRANCE — 39.3% | |||||
Air Liquide SA | 476,804 | 62,746,404 | |||
Airbus SE | 636,093 | 79,925,735 | |||
AXA SA | 2,316,720 | 62,293,622 | |||
BNP Paribas SA | 1,283,711 | 78,592,178 | |||
Danone SA | 723,779 | 56,072,621 | |||
Engie SA | 2,057,815 | 30,271,265 | |||
Essilor International Cie Generale d'Optique SA | 243,967 | 36,115,195 | |||
Kering SA | 83,125 | 44,576,973 | |||
L'Oreal SA | 272,173 | 65,659,955 | |||
LVMH Moet Hennessy Louis Vuitton SE | 297,831 | 105,370,452 | |||
Orange SA | 2,279,138 | 36,359,536 | |||
Safran SA | 399,285 | 55,976,960 | |||
Sanofi | 1,261,686 | 112,194,677 | |||
Schneider Electric SE | 599,738 | 48,274,062 | |||
Societe Generale SA | 899,461 | 38,623,429 | |||
TOTAL SA | 2,966,201 | 192,382,263 | |||
Unibail-Rodamco-Westfield | 153,961 | 30,976,175 | |||
Vinci SA | 619,342 | 59,002,354 | |||
Vivendi SA | 1,085,772 | 27,959,112 | |||
1,223,372,968 | |||||
GERMANY — 30.6% | |||||
adidas AG | 199,319 | 48,825,233 | |||
Allianz SE | 478,588 | 106,728,911 | |||
BASF SE | 1,022,546 | 90,917,418 | |||
Bayer AG | 1,038,215 | 92,262,357 | |||
Bayerische Motoren Werke AG | 356,746 | 32,199,940 | |||
Daimler AG | 994,182 | 62,760,224 | |||
Deutsche Post AG | 1,091,298 | 38,926,219 | |||
Deutsche Telekom AG | 3,610,493 | 58,227,941 | |||
Fresenius SE & Co. KGaA | 456,287 | 33,515,754 | |||
Linde AG | 190,230 | 45,007,934 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 166,483 | 36,885,314 | |||
SAP SE | 1,203,168 | 148,132,782 | |||
Siemens AG | 946,312 | 121,279,213 | |||
Volkswagen AG Preference Shares | 203,815 | 35,888,424 | |||
951,557,664 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
IRELAND — 1.0% | |||||
CRH PLC | 938,955 | $ 30,732,990 | |||
ITALY — 4.6% | |||||
Enel SpA | 8,648,570 | 44,319,908 | |||
Eni SpA | 2,828,130 | 53,484,281 | |||
Intesa Sanpaolo SpA | 18,166,869 | 46,442,883 | |||
144,247,072 | |||||
NETHERLANDS — 7.3% | |||||
ASML Holding NV | 480,359 | 89,772,024 | |||
ING Groep NV | 4,332,276 | 56,277,179 | |||
Koninklijke Ahold Delhaize NV | 1,388,082 | 31,842,068 | |||
Koninklijke Philips NV | 1,058,131 | 48,220,548 | |||
226,111,819 | |||||
SPAIN — 10.0% | |||||
Amadeus IT Group SA | 488,552 | 45,407,583 | |||
Banco Bilbao Vizcaya Argentaria SA | 7,423,400 | 47,336,294 | |||
Banco Santander SA | 17,964,490 | 90,463,446 | |||
Iberdrola SA | 6,512,121 | 47,939,526 | |||
Industria de Diseno Textil SA | 1,237,330 | 37,524,201 | |||
Telefonica SA | 5,191,989 | 41,115,900 | |||
309,786,950 | |||||
UNITED KINGDOM — 3.0% | |||||
Unilever NV | 1,684,709 | 93,857,372 | |||
TOTAL COMMON STOCKS (Cost $3,226,333,887) | 3,097,229,921 |
SHORT-TERM INVESTMENTS — 0.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (a) (b) | 156,443 | 156,443 | |
State Street Navigator Securities Lending Government Money Market Portfolio (a) (c) | 2,152,850 | 2,152,850 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $2,309,293) | 2,309,293 | ||
TOTAL INVESTMENTS — 99.7% (Cost $3,228,643,180) | 3,099,539,214 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.3% | 8,840,074 | ||
NET ASSETS — 100.0% | $ 3,108,379,288 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
(a) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(b) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(c) | Investment of cash collateral for securities loaned. |
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Belgium | $ 82,776,371 | $— | $— | $ 82,776,371 | ||||
Finland | 34,786,715 | — | — | 34,786,715 | ||||
France | 1,223,372,968 | — | — | 1,223,372,968 | ||||
Germany | 951,557,664 | — | — | 951,557,664 | ||||
Ireland | 30,732,990 | — | — | 30,732,990 | ||||
Italy | 144,247,072 | — | — | 144,247,072 | ||||
Netherlands | 226,111,819 | — | — | 226,111,819 | ||||
Spain | 309,786,950 | — | — | 309,786,950 | ||||
United Kingdom | 93,857,372 | — | — | 93,857,372 | ||||
Short-Term Investments | 2,309,293 | — | — | 2,309,293 | ||||
TOTAL INVESTMENTS | $3,099,539,214 | $— | $— | $3,099,539,214 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 164,128 | $ 164,128 | $ 121,675,999 | $ 121,683,684 | $— | $— | 156,443 | $ 156,443 | $ 27,408 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 2,656,640 | 2,656,640 | 1,934,379,643 | 1,934,883,433 | — | — | 2,152,850 | 2,152,850 | 2,572,333 | ||||||||
Total | $2,820,768 | $2,056,055,642 | $2,056,567,117 | $— | $— | $2,309,293 | $2,599,741 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.3% | |||||
AUSTRALIA – 4.7% | |||||
Australia & New Zealand Banking Group, Ltd. | 249,143 | $ 5,079,938 | |||
BHP Billiton, Ltd. | 244,770 | 6,133,091 | |||
Commonwealth Bank of Australia | 138,812 | 7,172,239 | |||
CSL, Ltd. | 41,326 | 6,013,478 | |||
Westpac Banking Corp. | 273,294 | 5,522,932 | |||
Other Securities | 5,689,918 | 43,599,270 | |||
73,520,948 | |||||
AUSTRIA – 0.3% | |||||
Other Securities | 101,641 | 4,207,456 | |||
BELGIUM – 0.8% | |||||
Anheuser-Busch InBev SA | 64,721 | 5,654,544 | |||
Other Securities | 96,148 | 7,340,332 | |||
12,994,876 | |||||
BRAZIL – 1.5% | |||||
Other Securities | 3,382,700 | 23,424,863 | |||
CANADA – 6.7% | |||||
Bank of Nova Scotia (a) | 89,379 | 5,323,603 | |||
Canadian National Railway Co. | 66,372 | 5,951,195 | |||
Royal Bank of Canada | 112,894 | 9,043,049 | |||
Toronto-Dominion Bank (a) | 142,578 | 8,657,703 | |||
Other Securities | 2,479,745 | 74,783,710 | |||
103,759,260 | |||||
CHILE – 0.2% | |||||
Other Securities | 484,495 | 3,419,737 | |||
CHINA – 7.2% | |||||
Alibaba Group Holding, Ltd. ADR (b) | 80,776 | 13,308,654 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(b)(c) | 1,418,000 | — | |||
China Mobile, Ltd. | 521,000 | 5,136,826 | |||
Tencent Holdings, Ltd. | 434,600 | 17,950,737 | |||
Other Securities | 52,953,314 | 74,854,320 | |||
111,250,537 | |||||
COLOMBIA – 0.1% | |||||
Other Securities | 142,394 | 1,402,782 | |||
DENMARK – 1.2% | |||||
Novo Nordisk A/S Class B | 157,817 | 7,433,218 | |||
Other Securities | 166,853 | 10,903,677 | |||
18,336,895 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
EGYPT – 0.0% (d) | |||||
Other Security | 155,087 | $ 720,306 | |||
FINLAND – 0.8% | |||||
Other Securities | 626,370 | 12,355,629 | |||
FRANCE – 7.3% | |||||
Air Liquide SA | 37,880 | 4,984,928 | |||
Airbus SE | 48,913 | 6,145,968 | |||
BNP Paribas SA | 80,387 | 4,921,504 | |||
L'Oreal SA | 23,757 | 5,731,221 | |||
LVMH Moet Hennessy Louis Vuitton SE | 21,848 | 7,729,664 | |||
Sanofi (a) | 95,271 | 8,471,917 | |||
TOTAL SA | 184,293 | 11,952,900 | |||
Other Securities | 1,362,572 | 63,160,220 | |||
113,098,322 | |||||
GERMANY – 6.3% | |||||
Allianz SE | 41,638 | 9,285,603 | |||
BASF SE | 74,397 | 6,614,845 | |||
Bayer AG | 73,969 | 6,573,354 | |||
SAP SE | 87,723 | 10,800,364 | |||
Siemens AG | 69,629 | 8,923,643 | |||
Other Securities | 1,307,359 | 56,046,275 | |||
98,244,084 | |||||
GREECE – 0.1% | |||||
Other Securities | 378,378 | 1,283,035 | |||
HONG KONG – 2.8% | |||||
AIA Group, Ltd. | 990,200 | 8,845,478 | |||
Hanergy Thin Film Power Group, Ltd. (b)(c) | 448,000 | — | |||
Other Securities | 10,448,095 | 34,446,901 | |||
43,292,379 | |||||
HUNGARY – 0.1% | |||||
Other Securities | 122,403 | 1,986,987 | |||
INDIA – 2.0% | |||||
Reliance Industries, Ltd. GDR (e) | 145,397 | 4,994,387 | |||
Other Securities | 3,160,393 | 26,161,815 | |||
31,156,202 | |||||
INDONESIA – 0.5% | |||||
Other Securities | 21,689,100 | 7,849,076 | |||
IRELAND – 0.5% | |||||
Other Securities | 290,209 | 7,339,047 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
ISRAEL – 0.5% | |||||
Other Securities | 567,286 | $ 6,976,306 | |||
ITALY – 1.2% | |||||
Other Securities | 3,720,676 | 19,103,403 | |||
JAPAN – 17.0% | |||||
Mitsubishi UFJ Financial Group, Inc. | 861,400 | 5,377,636 | |||
SoftBank Group Corp. | 69,300 | 6,998,028 | |||
Sony Corp. | 103,100 | 6,322,970 | |||
Toyota Motor Corp. | 177,500 | 11,087,401 | |||
Other Securities | 11,234,458 | 233,192,221 | |||
262,978,256 | |||||
LUXEMBOURG – 0.1% | |||||
Other Securities | 67,354 | 1,850,493 | |||
MACAU – 0.0% (d) | |||||
Other Securities | 132,400 | 258,191 | |||
MALAYSIA – 0.5% | |||||
Other Securities | 6,312,033 | 7,313,082 | |||
MEXICO – 0.8% | |||||
Other Securities | 6,585,471 | 13,037,031 | |||
NETHERLANDS – 3.3% | |||||
ASML Holding NV | 32,521 | 6,077,696 | |||
Royal Dutch Shell PLC Class A | 321,676 | 11,059,629 | |||
Royal Dutch Shell PLC Class B | 287,281 | 10,073,765 | |||
Other Securities | 1,138,845 | 24,370,821 | |||
51,581,911 | |||||
NEW ZEALAND – 0.1% | |||||
Other Securities | 478,106 | 1,448,867 | |||
NORWAY – 0.6% | |||||
Other Securities | 491,336 | 8,715,987 | |||
PERU – 0.1% | |||||
Other Securities | 28,076 | 2,011,087 | |||
PHILIPPINES – 0.2% | |||||
Other Securities | 9,670,727 | 3,566,757 | |||
POLAND – 0.2% | |||||
Other Securities | 376,337 | 3,558,873 | |||
PORTUGAL – 0.1% | |||||
Other Securities | 197,913 | 976,316 | |||
QATAR – 0.1% | |||||
Other Securities | 131,714 | 2,243,925 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
ROMANIA – 0.0% (d) | |||||
Other Security | 26,564 | $ 241,289 | |||
RUSSIA – 0.9% | |||||
Other Securities | 1,178,100 | 13,832,282 | |||
SINGAPORE – 1.0% | |||||
Other Securities | 2,893,687 | 15,446,188 | |||
SOUTH AFRICA – 1.5% | |||||
Naspers, Ltd. Class N | 34,202 | 7,375,475 | |||
Other Securities | 2,369,147 | 15,384,491 | |||
22,759,966 | |||||
SOUTH KOREA – 3.7% | |||||
Samsung Electronics Co., Ltd. GDR | 15,491 | 16,219,077 | |||
Samsung Electronics Co., Ltd. Preference Shares | 28,137 | 960,095 | |||
Other Securities | 562,317 | 40,189,736 | |||
57,368,908 | |||||
SPAIN – 1.9% | |||||
Banco Santander SA | 1,182,475 | 5,954,567 | |||
Other Securities | 2,311,478 | 23,554,425 | |||
29,508,992 | |||||
SWEDEN – 1.9% | |||||
Other Securities | 2,129,876 | 28,841,555 | |||
SWITZERLAND – 6.1% | |||||
Nestle SA | 243,458 | 20,392,848 | |||
Novartis AG | 183,844 | 15,884,965 | |||
Roche Holding AG | 53,639 | 13,055,561 | |||
Other Securities | 1,738,767 | 45,971,970 | |||
95,305,344 | |||||
TAIWAN – 2.8% | |||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 375,818 | 16,596,123 | |||
Other Securities | 14,002,633 | 27,128,340 | |||
43,724,463 | |||||
THAILAND – 0.6% | |||||
Other Securities | 10,552,596 | 8,851,520 | |||
TURKEY – 0.1% | |||||
Other Securities | 2,423,505 | 1,802,367 | |||
UNITED ARAB EMIRATES – 0.1% | |||||
Other Securities | 339,212 | 749,287 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
UNITED KINGDOM – 10.7% | |||||
AstraZeneca PLC | 92,694 | $ 7,207,930 | |||
BP PLC | 1,529,859 | 11,756,606 | |||
British American Tobacco PLC | 170,704 | 7,979,329 | |||
Diageo PLC | 184,170 | 6,530,136 | |||
GlaxoSmithKline PLC | 357,186 | 7,158,234 | |||
HSBC Holdings PLC | 1,526,825 | 13,336,090 | |||
Unilever NV | 131,709 | 7,337,683 | |||
Unilever PLC | 107,486 | 5,909,444 | |||
Other Securities | 15,677,429 | 99,149,741 | |||
166,365,193 | |||||
UNITED STATES – 0.1% | |||||
Other Security | 29,470 | 756,243 | |||
TOTAL COMMON STOCKS (Cost $1,477,726,224) | 1,540,816,503 | ||||
SHORT-TERM INVESTMENTS - 1.6% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (f)(g) | 48,847 | 48,847 | |||
State Street Navigator Securities Lending Government Money Market Portfolio (f)(h) | 24,362,815 | 24,362,815 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $24,411,662) | 24,411,662 | ||||
TOTAL INVESTMENTS - 100.9% (Cost $1,502,137,886) | 1,565,228,165 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.9)% | (14,336,213) | ||||
NET ASSETS - 100.0% | $ 1,550,891,952 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of securities is $0, representing 0.0% of the Fund's net assets. |
(d) | Amount is less than 0.05% of net assets. |
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(f) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(h) | Investment of cash collateral for securities loaned. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 73,520,948 | $ — | $ — | $ 73,520,948 | ||||
Austria | 4,207,456 | — | — | 4,207,456 | ||||
Belgium | 12,994,876 | — | — | 12,994,876 | ||||
Brazil | 23,424,863 | — | — | 23,424,863 | ||||
Canada | 103,759,260 | — | — | 103,759,260 | ||||
Chile | 3,419,737 | — | — | 3,419,737 | ||||
China | 111,250,537 | — | 0(a) | 111,250,537 | ||||
Colombia | 1,402,782 | — | — | 1,402,782 | ||||
Denmark | 18,336,895 | — | — | 18,336,895 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
Egypt | $ 720,306 | $ — | $ — | $ 720,306 | ||||
Finland | 12,355,629 | — | — | 12,355,629 | ||||
France | 113,098,322 | — | — | 113,098,322 | ||||
Germany | 98,244,084 | — | — | 98,244,084 | ||||
Greece | 1,283,035 | — | — | 1,283,035 | ||||
Hong Kong | 43,292,379 | — | 0(a) | 43,292,379 | ||||
Hungary | 1,986,987 | — | — | 1,986,987 | ||||
India | 31,156,202 | — | — | 31,156,202 | ||||
Indonesia | 7,849,076 | — | — | 7,849,076 | ||||
Ireland | 7,339,047 | — | — | 7,339,047 | ||||
Israel | 6,976,306 | — | — | 6,976,306 | ||||
Italy | 19,103,403 | — | — | 19,103,403 | ||||
Japan | 262,978,256 | — | — | 262,978,256 | ||||
Luxembourg | 1,850,493 | — | — | 1,850,493 | ||||
Macau | 258,191 | — | — | 258,191 | ||||
Malaysia | 7,313,082 | — | — | 7,313,082 | ||||
Mexico | 13,037,031 | — | — | 13,037,031 | ||||
Netherlands | 51,581,911 | — | — | 51,581,911 | ||||
New Zealand | 1,448,867 | — | — | 1,448,867 | ||||
Norway | 8,715,987 | — | — | 8,715,987 | ||||
Peru | 2,011,087 | — | — | 2,011,087 | ||||
Philippines | 3,566,757 | — | — | 3,566,757 | ||||
Poland | 3,558,873 | — | — | 3,558,873 | ||||
Portugal | 976,316 | — | — | 976,316 | ||||
Qatar | 2,243,925 | — | — | 2,243,925 | ||||
Romania | 241,289 | — | — | 241,289 | ||||
Russia | 13,832,282 | — | — | 13,832,282 | ||||
Singapore | 15,446,188 | — | — | 15,446,188 | ||||
South Africa | 22,759,966 | — | — | 22,759,966 | ||||
South Korea | 57,368,908 | — | — | 57,368,908 | ||||
Spain | 29,508,992 | — | — | 29,508,992 | ||||
Sweden | 28,841,555 | — | — | 28,841,555 | ||||
Switzerland | 95,305,344 | — | — | 95,305,344 | ||||
Taiwan | 43,724,463 | — | — | 43,724,463 | ||||
Thailand | 3,462,422 | 5,389,098 | — | 8,851,520 | ||||
Turkey | 1,802,367 | — | — | 1,802,367 | ||||
United Arab Emirates | 749,287 | — | — | 749,287 | ||||
United Kingdom | 166,365,193 | — | — | 166,365,193 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
United States | $ 756,243 | $ — | $ — | $ 756,243 | ||||
Short-Term Investments | 24,411,662 | — | — | 24,411,662 | ||||
TOTAL INVESTMENTS | $1,559,839,067 | $5,389,098 | $ 0 | $1,565,228,165 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,559,265 | $ 1,559,265 | $ 54,308,324 | $ 55,818,742 | $— | $— | 48,847 | $ 48,847 | $ 21,663 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 19,433,641 | 19,433,641 | 399,885,592 | 394,956,418 | — | — | 24,362,815 | 24,362,815 | 420,778 | ||||||||
Total | $20,992,906 | $454,193,916 | $450,775,160 | $— | $— | $24,411,662 | $442,441 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.7% | |||||
BRAZIL — 1.6% | |||||
Ultrapar Participacoes SA | 682,356 | $ 6,378,373 | |||
CHILE — 0.3% | |||||
Aguas Andinas SA Class A | 2,232,645 | 1,232,321 | |||
Banco de Chile ADR (a) | 8 | 729 | |||
1,233,050 | |||||
CHINA — 17.9% | |||||
China Communications Construction Co., Ltd. Class H | 8,960,000 | 9,160,500 | |||
China Lesso Group Holdings, Ltd. | 3,000,000 | 1,702,258 | |||
China Merchants Port Holdings Co., Ltd. | 2,619,812 | 5,015,372 | |||
China Mobile, Ltd. | 1,081,000 | 10,658,175 | |||
China Overseas Land & Investment, Ltd. | 2,144,000 | 6,712,929 | |||
China Resources Land, Ltd. | 2,210,000 | 7,738,629 | |||
China Telecom Corp., Ltd. Class H | 14,038,000 | 6,978,724 | |||
China Zhongwang Holdings, Ltd. (a) | 3,060,400 | 1,497,953 | |||
CITIC, Ltd. | 4,281,000 | 6,379,182 | |||
Guangdong Investment, Ltd. | 2,816,000 | 5,002,288 | |||
Jiangsu Expressway Co., Ltd. Class H | 1,534,000 | 1,968,250 | |||
Longfor Group Holdings, Ltd. (b) | 2,498,500 | 6,449,884 | |||
Zhejiang Expressway Co., Ltd. Class H | 3,468,000 | 2,885,236 | |||
72,149,380 | |||||
COLOMBIA — 0.2% | |||||
Grupo Aval Acciones y Valores SA Preference Shares | 1,707,668 | 669,980 | |||
HONG KONG — 4.3% | |||||
China State Construction International Holdings, Ltd. | 4,134,000 | 4,369,152 | |||
Lee & Man Paper Manufacturing, Ltd. | 3,634,000 | 3,371,652 | |||
Shanghai Industrial Holdings, Ltd. | 697,000 | 1,544,554 | |||
Shenzhen International Holdings, Ltd. | 1,984,937 | 4,099,296 | |||
Yuexiu Property Co., Ltd. | 19,012,000 | 3,401,552 | |||
Yuexiu Transport Infrastructure, Ltd. | 926,000 | 734,892 | |||
17,521,098 | |||||
INDIA — 1.7% | |||||
Infosys, Ltd. ADR | 662,438 | 6,736,994 | |||
INDONESIA — 2.7% | |||||
Bank Rakyat Indonesia Persero Tbk PT | 24,234,200 | 5,122,822 | |||
Telekomunikasi Indonesia Persero Tbk PT | 23,524,100 | 5,746,249 | |||
10,869,071 | |||||
MALAYSIA — 3.9% | |||||
Alliance Bank Malaysia Bhd | 564,400 | 570,060 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Astro Malaysia Holdings Bhd | 1,253,100 | $ 445,102 | |||
Gamuda Bhd | 3,454,500 | 2,804,668 | |||
Malayan Banking Bhd | 3,336,900 | 7,893,742 | |||
Petronas Gas Bhd | 302,700 | 1,382,392 | |||
Telekom Malaysia Bhd | 2,366,800 | 1,841,512 | |||
Westports Holdings Bhd | 681,100 | 625,391 | |||
15,562,867 | |||||
MEXICO — 1.5% | |||||
Grupo Aeroportuario del Centro Norte SAB de CV | 520,572 | 3,715,140 | |||
Kimberly-Clark de Mexico SAB de CV Class A (b) | 1,260,827 | 2,245,306 | |||
5,960,446 | |||||
POLAND — 1.0% | |||||
Asseco Poland SA | 46,868 | 605,987 | |||
Polskie Gornictwo Naftowe i Gazownictwo SA (b) | 1,922,343 | 3,374,179 | |||
3,980,166 | |||||
QATAR — 1.1% | |||||
Doha Bank QPSC | 84,587 | 487,801 | |||
Qatar Electricity & Water Co. QSC | 42,762 | 2,248,777 | |||
Qatar Islamic Bank SAQ | 48,226 | 1,854,082 | |||
4,590,660 | |||||
RUSSIA — 5.7% | |||||
Gazprom PJSC ADR (c) | 665,256 | 3,326,280 | |||
Gazprom PJSC ADR (c) | 1,766,767 | 8,780,832 | |||
LUKOIL PJSC ADR | 57,430 | 4,404,881 | |||
LUKOIL PJSC | 85,551 | 6,552,004 | |||
23,063,997 | |||||
SOUTH AFRICA — 20.2% | |||||
Absa Group, Ltd. | 730,469 | 7,839,847 | |||
AECI, Ltd. | 105,526 | 780,973 | |||
AVI, Ltd. | 422,346 | 3,172,240 | |||
FirstRand, Ltd. | 1,125,072 | 5,395,893 | |||
Foschini Group, Ltd. | 691,552 | 8,472,352 | |||
JSE, Ltd. | 73,351 | 825,139 | |||
Liberty Holdings, Ltd. | 191,419 | 1,525,535 | |||
Nedbank Group, Ltd. (a) | 338,768 | 6,335,000 | |||
Reunert, Ltd. | 177,132 | 951,296 | |||
RMB Holdings, Ltd. | 1,033,657 | 5,781,394 | |||
Sanlam, Ltd. | 1,045,977 | 5,847,345 | |||
SPAR Group, Ltd. | 328,217 | 4,270,619 | |||
Standard Bank Group, Ltd. | 424,921 | 5,254,742 | |||
Tiger Brands, Ltd. | 275,230 | 5,154,418 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Truworths International, Ltd. | 1,413,444 | $ 8,340,081 | |||
Tsogo Sun Holdings, Ltd. | 409,721 | 590,641 | |||
Vodacom Group, Ltd. | 1,101,760 | 9,804,409 | |||
Vukile Property Fund, Ltd. REIT | 592,218 | 844,098 | |||
81,186,022 | |||||
TAIWAN — 16.1% | |||||
Asustek Computer, Inc. | 658,000 | 5,689,320 | |||
Cheng Shin Rubber Industry Co., Ltd. | 2,034,000 | 3,197,589 | |||
Chin-Poon Industrial Co., Ltd. | 976,000 | 1,203,498 | |||
CTCI Corp. | 601,000 | 966,466 | |||
Formosa Taffeta Co., Ltd. | 1,004,000 | 1,224,871 | |||
Fubon Financial Holding Co., Ltd. | 3,593,000 | 6,095,615 | |||
Hotai Motor Co., Ltd. | 147,000 | 1,258,982 | |||
Hua Nan Financial Holdings Co., Ltd. | 3,523,235 | 2,134,734 | |||
Huaku Development Co., Ltd. | 309,000 | 678,053 | |||
Lite-On Technology Corp. | 2,663,000 | 3,349,137 | |||
Mega Financial Holding Co., Ltd. | 7,926,000 | 7,138,670 | |||
Phison Electronics Corp. | 667,000 | 5,308,388 | |||
Pou Chen Corp. | 2,907,000 | 3,070,473 | |||
Sercomm Corp. | 585,000 | 957,980 | |||
Simplo Technology Co., Ltd. | 296,800 | 2,036,472 | |||
Sinbon Electronics Co., Ltd. | 413,000 | 1,152,445 | |||
Taiwan Hon Chuan Enterprise Co., Ltd. | 374,000 | 625,926 | |||
Taiwan Mobile Co., Ltd. | 2,183,200 | 7,829,574 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 185,643 | 8,197,995 | |||
TTY Biopharm Co., Ltd. | 409,000 | 1,139,944 | |||
Wistron NeWeb Corp. | 726,616 | 1,763,411 | |||
65,019,543 | |||||
THAILAND — 17.9% | |||||
Bangkok Bank PCL | 429,915 | 2,898,005 | |||
Bangkok Bank PCL NVDR | 296,200 | 1,923,377 | |||
Electricity Generating PCL (d) | 32,200 | 234,978 | |||
Electricity Generating PCL NVDR | 550,300 | 4,015,795 | |||
Glow Energy PCL (d) | 43,400 | 118,095 | |||
Glow Energy PCL NVDR | 699,600 | 1,903,674 | |||
Land & Houses PCL | 26,443,989 | 9,403,398 | |||
Major Cineplex Group PCL (d) | 665,400 | 506,148 | |||
Major Cineplex Group PCL NVDR | 216,000 | 164,304 | |||
Pruksa Holding PCL NVDR | 37,000 | 24,255 | |||
PTT Global Chemical PCL (d) | 8,600 | 21,606 | |||
PTT Global Chemical PCL NVDR | 4,203,500 | 10,560,741 | |||
PTT PCL NVDR | 5,553,830 | 9,316,490 | |||
Ratchaburi Electricity Generating Holding PCL (d) | 549,200 | 878,822 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Siam Cement PCL | 177,800 | $ 2,583,983 | |||
Siam Cement PCL NVDR | 561,600 | 7,745,009 | |||
Siam Commercial Bank PCL NVDR | 1,546,300 | 7,124,264 | |||
Thai Beverage PCL (a) | 7,612,700 | 3,788,660 | |||
Thai Union Group PCL NVDR | 5,090,900 | 2,817,783 | |||
Thanachart Capital PCL NVDR | 971,400 | 1,614,494 | |||
Thanachart Capital PCL | 247,200 | 410,853 | |||
Tisco Financial Group PCL NVDR | 1,398,800 | 3,622,434 | |||
Tisco Financial Group PCL (d) | 211,500 | 547,716 | |||
72,224,884 | |||||
TURKEY — 1.5% | |||||
Enka Insaat ve Sanayi A/S | 1,510,747 | 1,310,238 | |||
Turkiye Is Bankasi A/S Class C | 6,675,896 | 4,911,934 | |||
6,222,172 | |||||
UNITED ARAB EMIRATES — 2.1% | |||||
Air Arabia PJSC | 3,114,183 | 813,933 | |||
Dubai Investments PJSC | 2,435,841 | 1,246,752 | |||
Emirates Telecommunications Group Co. PJSC | 532,701 | 2,421,994 | |||
First Abu Dhabi Bank PJSC | 1,026,481 | 3,996,319 | |||
8,478,998 | |||||
TOTAL COMMON STOCKS (Cost $402,811,573) | 401,847,701 |
SHORT-TERM INVESTMENTS — 1.6% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e) (f) | 1,312,188 | 1,312,188 | |
State Street Navigator Securities Lending Government Money Market Portfolio (e) (g) | 5,021,748 | 5,021,748 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $6,333,936) | 6,333,936 | ||
TOTAL INVESTMENTS — 101.3% (Cost $409,145,509) | 408,181,637 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.3)% | (5,336,872) | ||
NET ASSETS — 100.0% | $ 402,844,765 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(d) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $2,307,365 representing 0.6% of net assets. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 6,378,373 | $ — | $— | $ 6,378,373 | ||||
Chile | 1,233,050 | — | — | 1,233,050 | ||||
China | 72,149,380 | — | — | 72,149,380 | ||||
Colombia | 669,980 | — | — | 669,980 | ||||
Hong Kong | 17,521,098 | — | — | 17,521,098 | ||||
India | 6,736,994 | — | — | 6,736,994 | ||||
Indonesia | 10,869,071 | — | — | 10,869,071 | ||||
Malaysia | 15,562,867 | — | — | 15,562,867 | ||||
Mexico | 5,960,446 | — | — | 5,960,446 | ||||
Poland | 3,980,166 | — | — | 3,980,166 | ||||
Qatar | 4,590,660 | — | — | 4,590,660 | ||||
Russia | 23,063,997 | — | — | 23,063,997 | ||||
South Africa | 81,186,022 | — | — | 81,186,022 | ||||
Taiwan | 65,019,543 | — | — | 65,019,543 | ||||
Thailand | 69,917,519 | 2,307,365 | — | 72,224,884 | ||||
Turkey | 6,222,172 | — | — | 6,222,172 | ||||
United Arab Emirates | 8,478,998 | — | — | 8,478,998 | ||||
Short-Term Investments | 6,333,936 | — | — | 6,333,936 | ||||
TOTAL INVESTMENTS | $405,874,272 | $2,307,365 | $— | $408,181,637 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 26,195 | $ 26,195 | $ 54,210,793 | $ 52,924,800 | $— | $— | 1,312,188 | $1,312,188 | $ 11,591 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 16,561,043 | 16,561,043 | 129,631,822 | 141,171,117 | — | — | 5,021,748 | 5,021,748 | 98,824 | ||||||||
Total | $16,587,238 | $183,842,615 | $194,095,917 | $— | $— | $6,333,936 | $110,415 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.6% | |||||
BRAZIL – 6.2% | |||||
BR Malls Participacoes SA (a) | 546,400 | $ 1,316,214 | |||
CVC Brasil Operadora e Agencia de Viagens SA | 105,258 | 1,141,522 | |||
Estacio Participacoes SA | 212,000 | 1,326,609 | |||
SLC Agricola SA | 71,211 | 1,087,543 | |||
Other Securities | 9,641,787 | 24,480,255 | |||
29,352,143 | |||||
CHILE – 1.5% | |||||
Vina Concha y Toro SA | 617,798 | 1,234,097 | |||
Other Securities | 11,664,852 | 5,940,431 | |||
7,174,528 | |||||
CHINA – 14.2% | |||||
Boshiwa International Holding, Ltd. (a)(b)(c) | 1,843,000 | — | |||
China Animal Healthcare, Ltd. (a)(b)(c) | 1,059,700 | — | |||
China Forestry Holdings Co., Ltd. (a)(b)(c) | 1,642,000 | — | |||
China Hongxing Sports, Ltd. (a)(b)(c) | 4,053,000 | — | |||
China Shanshui Cement Group, Ltd. (a)(b)(c) | 1,224,000 | — | |||
China Travel International Investment Hong Kong, Ltd. | 3,472,000 | 1,118,154 | |||
Chinasoft International, Ltd. (a) | 1,880,000 | 1,254,150 | |||
Coolpad Group, Ltd. (a)(b)(c) | 2,353,600 | — | |||
Fanhua, Inc. ADR (b) | 38,523 | 1,040,891 | |||
Fu Shou Yuan International Group, Ltd. | 1,406,000 | 1,097,862 | |||
National Agricultural Holdings, Ltd. (a)(b)(c) | 396,000 | 30,112 | |||
Noah Holdings, Ltd. ADR (a)(b) | 24,783 | 1,044,356 | |||
Real Gold Mining, Ltd. (a)(b)(c) | 251,500 | — | |||
Silergy Corp. | 64,000 | 1,152,851 | |||
Tong Ren Tang Technologies Co., Ltd. Class H | 733,000 | 1,073,519 | |||
Other Securities | 195,499,141 | 59,115,928 | |||
66,927,823 | |||||
COLOMBIA – 0.2% | |||||
Other Securities | 557,669 | 725,666 | |||
CZECH REPUBLIC – 0.4% | |||||
Moneta Money Bank A/S (d) | 414,172 | 1,524,451 | |||
Other Security | 870 | 584,004 | |||
2,108,455 | |||||
EGYPT – 0.6% | |||||
Other Securities | 6,876,065 | 2,926,694 | |||
GREECE – 1.6% | |||||
Other Securities | 2,738,121 | 7,547,063 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
HONG KONG – 2.9% | |||||
Anxin-China Holdings, Ltd. (a)(c) | 2,248,000 | $ — | |||
China High Precision Automation Group, Ltd. (c) | 1,226,000 | — | |||
China Lumena New Materials Corp. (a)(b)(c) | 4,181,298 | — | |||
China Metal Recycling Holdings, Ltd. (a)(b)(c) | 693,675 | — | |||
Hua Han Health Industry Holdings, Ltd. (a)(b)(c) | 2,414,560 | — | |||
Other Securities | 78,506,125 | 13,491,542 | |||
13,491,542 | |||||
HUNGARY – 0.2% | |||||
Other Security | 525,738 | 755,176 | |||
INDIA – 10.3% | |||||
Bata India, Ltd. | 89,315 | 1,195,508 | |||
Chennai Super Kings Cricket, Ltd. (a)(c) | 418,560 | — | |||
MakeMyTrip, Ltd. (a)(b) | 37,092 | 1,018,175 | |||
Other Securities | 28,618,595 | 46,110,992 | |||
48,324,675 | |||||
INDONESIA – 3.1% | |||||
Other Securities | 186,735,762 | 14,654,155 | |||
LUXEMBOURG – 0.0% (e) | |||||
Other Security | 73,200 | 166,799 | |||
MALAYSIA – 4.9% | |||||
Bursa Malaysia Bhd | 714,409 | 1,349,928 | |||
Other Securities | 53,806,354 | 21,880,211 | |||
23,230,139 | |||||
MEXICO – 2.5% | |||||
Bolsa Mexicana de Valores SAB de CV | 579,269 | 1,185,226 | |||
Megacable Holdings SAB de CV | 240,612 | 1,238,880 | |||
PLA Administradora Industrial S de RL de CV (a) | 753,716 | 1,157,222 | |||
Other Securities | 10,709,813 | 8,136,523 | |||
11,717,851 | |||||
MONACO – 0.3% | |||||
GasLog, Ltd. | 53,212 | 1,050,937 | |||
Other Security | 44,095 | 286,177 | |||
1,337,114 | |||||
PAKISTAN – 1.6% | |||||
Pakistan State Oil Co., Ltd. | 405,798 | 1,041,912 | |||
Other Securities | 8,436,975 | 6,358,066 | |||
7,399,978 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
PERU – 0.2% | |||||
Ferreycorp SAA | 1,579,144 | $ 1,125,002 | |||
PHILIPPINES – 1.0% | |||||
Other Securities | 23,786,487 | 4,928,127 | |||
POLAND – 1.6% | |||||
Asseco Poland SA | 90,265 | 1,167,095 | |||
Other Securities | 2,389,780 | 6,328,183 | |||
7,495,278 | |||||
QATAR – 0.4% | |||||
Other Securities | 465,902 | 1,973,916 | |||
RUSSIA – 0.9% | |||||
Globaltrans Investment PLC GDR | 108,677 | 1,141,108 | |||
Other Securities | 965,557 | 3,146,665 | |||
4,287,773 | |||||
SINGAPORE – 0.3% | |||||
Other Securities | 3,920,192 | 1,311,218 | |||
SOUTH AFRICA – 7.0% | |||||
Barloworld, Ltd. | 124,286 | 1,081,764 | |||
JSE, Ltd. | 108,193 | 1,217,083 | |||
Reunert, Ltd. | 246,557 | 1,324,147 | |||
Super Group, Ltd. (a) | 411,165 | 1,162,492 | |||
Other Securities | 23,918,028 | 27,985,034 | |||
32,770,520 | |||||
TAIWAN – 29.7% | |||||
Accton Technology Corp. | 456,341 | 1,270,395 | |||
Chipbond Technology Corp. | 685,000 | 1,323,650 | |||
CTCI Corp. (b) | 664,000 | 1,067,776 | |||
Epistar Corp. | 919,572 | 1,045,071 | |||
Far Eastern International Bank | 3,419,314 | 1,209,465 | |||
Formosa Taffeta Co., Ltd. | 951,000 | 1,160,212 | |||
Great Wall Enterprise Co., Ltd. | 915,777 | 1,132,237 | |||
Highwealth Construction Corp. | 745,730 | 1,182,109 | |||
King's Town Bank Co., Ltd. | 1,129,000 | 1,135,175 | |||
LCY Chemical Corp. | 712,862 | 1,211,723 | |||
Radiant Opto-Electronics Corp. | 486,331 | 1,099,035 | |||
Ruentex Industries, Ltd. (a) | 520,000 | 1,033,767 | |||
Simplo Technology Co., Ltd. | 163,277 | 1,120,313 | |||
Sino-American Silicon Products, Inc. (a)(b) | 437,058 | 1,122,240 | |||
Teco Electric and Machinery Co., Ltd. | 1,773,000 | 1,286,213 | |||
Tripod Technology Corp. | 427,353 | 1,165,903 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Other Securities | 127,775,214 | $ 121,446,577 | |||
140,011,861 | |||||
THAILAND – 5.1% | |||||
Central Plaza Hotel PCL NVDR | 796,902 | 1,028,777 | |||
CPN Retail Growth Leasehold REIT (f) | 1,380,500 | 1,173,895 | |||
Inter Far East Energy Corp. NVDR (a)(c) | 283,900 | — | |||
International Engineering PCL (a)(c) | 63,855,934 | — | |||
Srisawad Corp. PCL NVDR | 749,282 | 1,117,899 | |||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 1,817,200 | 1,129,429 | |||
WHA Corp. PCL NVDR | 9,673,130 | 1,304,108 | |||
Other Securities | 72,259,061 | 18,399,937 | |||
24,154,045 | |||||
TURKEY – 2.1% | |||||
Other Securities | 10,940,414 | 9,959,981 | |||
UNITED ARAB EMIRATES – 0.5% | |||||
Other Securities | 11,410,030 | 2,581,035 | |||
UNITED KINGDOM – 0.0% (e) | |||||
Other Security | 1,233,766 | 127,289 | |||
UNITED STATES – 0.3% | |||||
Luxoft Holding, Inc. (a) | 24,734 | 1,171,155 | |||
Other Security | 6,000 | 11,928 | |||
1,183,083 | |||||
TOTAL COMMON STOCKS (Cost $560,103,561) | 469,748,929 | ||||
WARRANTS - 0.0% (e) | |||||
MALAYSIA – 0.0% (e) | |||||
Other Security | 565,200 | 16,389 | |||
THAILAND – 0.0% (e) | |||||
International Engineering PCL (expiring 5/22/19) (a)(c) | 13,635,806 | — | |||
Other Security | 776,702 | 14,410 | |||
14,410 | |||||
TOTAL WARRANTS (Cost $0) | 30,799 | ||||
RIGHTS - 0.0% (e) | |||||
HONG KONG – 0.0% (e) | |||||
Other Security (cost $138,410) | 680,600 | 2,609 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SHORT-TERM INVESTMENT - 2.6% | |||||
State Street Navigator Securities Lending Government Money Market Portfolio (cost: $12,167,528) (g)(h) | 12,167,528 | $ 12,167,528 | |||
TOTAL INVESTMENTS - 102.2% (Cost $572,409,499) | 481,949,865 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.2)% | (10,600,944) | ||||
NET ASSETS - 100.0% | $ 471,348,921 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of securities is $30,112, representing 0.0% of the Fund's net assets. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 2.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Amount is less than 0.05% of net assets. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $5,783,681 representing 1.2% of net assets. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | Investment of cash collateral for securities loaned. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
NVDR | Non Voting Depositary Receipt |
REIT | Real Estate Investment Trust |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 29,352,143 | $ — | $ — | $ 29,352,143 | ||||
Chile | 7,174,528 | — | — | 7,174,528 | ||||
China | 66,345,572 | 552,139 | 30,112 | 66,927,823 | ||||
Colombia | 725,666 | — | — | 725,666 | ||||
Czech Republic | 2,108,455 | — | — | 2,108,455 | ||||
Egypt | 2,926,694 | — | — | 2,926,694 | ||||
Greece | 7,477,889 | 69,174 | — | 7,547,063 | ||||
Hong Kong | 13,439,096 | 52,446 | 0(a) | 13,491,542 | ||||
Hungary | 755,176 | — | — | 755,176 | ||||
India | 48,324,675 | — | 0(a) | 48,324,675 | ||||
Indonesia | 14,654,155 | — | — | 14,654,155 | ||||
Luxembourg | 166,799 | — | — | 166,799 | ||||
Malaysia | 23,230,139 | — | — | 23,230,139 | ||||
Mexico | 11,717,851 | — | — | 11,717,851 | ||||
Monaco | 1,337,114 | — | — | 1,337,114 | ||||
Pakistan | 7,399,978 | — | — | 7,399,978 | ||||
Peru | 1,125,002 | — | — | 1,125,002 | ||||
Philippines | 4,928,127 | — | — | 4,928,127 | ||||
Poland | 7,495,278 | — | — | 7,495,278 | ||||
Qatar | 1,973,916 | — | — | 1,973,916 | ||||
Russia | 4,287,773 | — | — | 4,287,773 | ||||
Singapore | 1,311,218 | — | — | 1,311,218 | ||||
South Africa | 32,770,520 | — | — | 32,770,520 | ||||
Taiwan | 139,023,754 | 988,107 | — | 140,011,861 | ||||
Thailand | 20,034,839 | 4,119,206 | 0(a) | 24,154,045 | ||||
Turkey | 9,959,981 | — | — | 9,959,981 | ||||
United Arab Emirates | 2,581,035 | — | — | 2,581,035 | ||||
United Kingdom | 127,289 | — | — | 127,289 | ||||
United States | 1,183,083 | — | — | 1,183,083 | ||||
Warrants | ||||||||
Malaysia | 16,389 | — | — | 16,389 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
Thailand | $ 14,410 | $ — | $ 0(a) | $ 14,410 | ||||
Rights | ||||||||
Hong Kong | — | 2,609 | 0(a) | 2,609 | ||||
Short-Term Investment | 12,167,528 | — | — | 12,167,528 | ||||
TOTAL INVESTMENTS | $476,136,072 | $5,783,681 | $30,112 | $481,949,865 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 379,285 | $ 379,285 | $ 38,761,634 | $ 39,140,919 | $— | $— | — | $ — | $ 15,414 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 16,261,252 | 16,261,252 | 75,414,401 | 79,508,125 | — | — | 12,167,528 | 12,167,528 | 744,840 | ||||||||
Total | $16,640,537 | $114,176,035 | $118,649,044 | $— | $— | $12,167,528 | $760,254 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
AUSTRALIA — 15.5% | |||||
Amcor, Ltd. | 1,012,328 | $ 10,020,192 | |||
AusNet Services | 4,864,715 | 5,719,782 | |||
Charter Hall Group REIT | 502,764 | 2,604,629 | |||
Commonwealth Bank of Australia | 292,106 | 15,092,744 | |||
DuluxGroup, Ltd. | 843,715 | 4,682,307 | |||
Goodman Group REIT | 502,363 | 3,765,703 | |||
GPT Group REIT | 1,582,921 | 5,967,132 | |||
Investa Office Fund REIT | 737,303 | 2,944,786 | |||
Mirvac Group REIT | 3,735,863 | 6,514,434 | |||
National Australia Bank, Ltd. | 959,026 | 19,297,457 | |||
Perpetual, Ltd. | 193,303 | 5,954,029 | |||
Sonic Healthcare, Ltd. | 455,611 | 8,211,767 | |||
Stockland REIT | 2,270,686 | 6,818,265 | |||
Transurban Group Stapled Security | 1,512,878 | 12,281,898 | |||
Vicinity Centres REIT | 3,940,684 | 7,470,361 | |||
Westpac Banking Corp. | 806,268 | 16,293,676 | |||
133,639,162 | |||||
CANADA — 17.0% | |||||
BCE, Inc. | 371,144 | 15,025,503 | |||
Canadian Imperial Bank of Commerce (a) | 144,858 | 13,563,487 | |||
Fortis, Inc. | 336,783 | 10,911,707 | |||
Great-West Lifeco, Inc. | 397,494 | 9,637,523 | |||
H&R Real Estate Investment Trust | 202,180 | 3,107,935 | |||
IGM Financial, Inc. (a) | 154,373 | 4,239,704 | |||
Intact Financial Corp. | 102,610 | 8,525,696 | |||
Power Corp. of Canada | 614,155 | 13,332,190 | |||
Power Financial Corp. | 462,926 | 10,597,231 | |||
RioCan Real Estate Investment Trust | 277,564 | 5,299,613 | |||
Royal Bank of Canada | 123,672 | 9,906,389 | |||
Shaw Communications, Inc. Class B (a) | 609,716 | 11,872,623 | |||
Sun Life Financial, Inc. | 224,188 | 8,906,122 | |||
TELUS Corp. | 338,111 | 12,453,554 | |||
Toronto-Dominion Bank | 145,332 | 8,824,933 | |||
146,204,210 | |||||
CHINA — 1.1% | |||||
China Telecom Corp., Ltd. Class H | 19,406,000 | 9,647,323 | |||
FINLAND — 2.6% | |||||
Elisa Oyj | 275,844 | 11,703,944 | |||
Kone Oyj Class B | 192,632 | 10,296,606 | |||
22,000,550 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
FRANCE — 9.3% | |||||
Air Liquide SA | 54,719 | $ 7,200,905 | |||
Bureau Veritas SA | 258,123 | 6,664,771 | |||
Cie Generale des Etablissements Michelin SCA | 76,034 | 9,091,870 | |||
Covivio REIT | 60,533 | 6,310,237 | |||
Danone SA | 110,506 | 8,561,123 | |||
Gecina SA REIT | 27,060 | 4,519,660 | |||
ICADE REIT | 34,612 | 3,200,065 | |||
Orange SA | 776,692 | 12,390,720 | |||
TOTAL SA | 218,179 | 14,150,683 | |||
Vinci SA | 85,560 | 8,150,976 | |||
80,241,010 | |||||
GERMANY — 2.8% | |||||
Bayerische Motoren Werke AG Preference Shares | 70,119 | 5,513,704 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 61,738 | 13,678,426 | |||
Talanx AG | 127,506 | 4,848,734 | |||
24,040,864 | |||||
HONG KONG — 4.2% | |||||
CK Infrastructure Holdings, Ltd. | 1,512,500 | 11,984,179 | |||
CLP Holdings, Ltd. | 862,000 | 10,096,269 | |||
Hongkong Land Holdings, Ltd. | 1,035,200 | 6,853,024 | |||
Sino Land Co., Ltd. | 4,064,597 | 6,970,938 | |||
35,904,410 | |||||
ITALY — 2.7% | |||||
A2A SpA | 6,037,726 | 10,484,160 | |||
Terna Rete Elettrica Nazionale SpA | 2,409,709 | 12,877,628 | |||
23,361,788 | |||||
JAPAN — 5.4% | |||||
Advance Residence Investment Corp. REIT | 1,213 | 3,099,112 | |||
Canon Marketing Japan, Inc. | 234,300 | 4,975,407 | |||
Daiwa House REIT Investment Corp. | 1,982 | 4,535,122 | |||
GLP J-REIT | 3,664 | 3,564,485 | |||
Kenedix Office Investment Corp. REIT | 752 | 4,799,929 | |||
Nippon Paper Industries Co., Ltd. | 486,800 | 8,961,560 | |||
Nippon Prologis REIT, Inc. | 2,319 | 4,591,655 | |||
United Urban Investment Corp. REIT | 3,053 | 4,792,445 | |||
Yahoo! Japan Corp. | 2,069,800 | 7,452,993 | |||
46,772,708 | |||||
MALAYSIA — 1.4% | |||||
Gamuda Bhd | 5,693,300 | 4,622,324 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Public Bank Bhd | 1,249,700 | $ 7,549,233 | |||
12,171,557 | |||||
NEW ZEALAND — 0.7% | |||||
Spark New Zealand, Ltd. | 2,326,123 | 6,245,520 | |||
PORTUGAL — 1.7% | |||||
EDP - Energias de Portugal SA | 3,932,788 | 14,516,886 | |||
SINGAPORE — 4.9% | |||||
CapitaLand, Ltd. | 4,349,800 | 10,728,456 | |||
Mapletree Commercial Trust REIT | 2,128,700 | 2,508,294 | |||
SATS, Ltd. | 1,283,000 | 4,901,570 | |||
Singapore Exchange, Ltd. | 1,628,200 | 8,782,401 | |||
Singapore Telecommunications, Ltd. | 6,622,700 | 15,704,284 | |||
42,625,005 | |||||
SOUTH AFRICA — 4.6% | |||||
AVI, Ltd. | 686,820 | 5,158,703 | |||
Sanlam, Ltd. | 2,194,499 | 12,267,949 | |||
Shoprite Holdings, Ltd. | 439,701 | 5,954,859 | |||
Vodacom Group, Ltd. | 1,805,970 | 16,071,075 | |||
39,452,586 | |||||
SOUTH KOREA — 1.5% | |||||
Hyundai Motor Co. Preference Shares | 85,837 | 6,554,333 | |||
KCC Corp. | 21,403 | 6,541,011 | |||
13,095,344 | |||||
SPAIN — 1.5% | |||||
Iberdrola SA | 1,727,240 | 12,715,223 | |||
SWEDEN — 2.2% | |||||
ICA Gruppen AB (a) | 332,454 | 10,541,990 | |||
Securitas AB Class B | 471,982 | 8,212,929 | |||
18,754,919 | |||||
SWITZERLAND — 7.2% | |||||
Givaudan SA | 3,142 | 7,761,718 | |||
Helvetia Holding AG | 15,551 | 9,520,371 | |||
Nestle SA | 106,242 | 8,899,181 | |||
PSP Swiss Property AG | 71,144 | 6,922,847 | |||
Roche Holding AG Bearer Shares | 20,792 | 5,083,056 | |||
Swiss Prime Site AG (b) | 117,063 | 10,024,898 | |||
Swisscom AG | 31,041 | 14,154,035 | |||
62,366,106 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
TAIWAN — 3.5% | |||||
Pou Chen Corp. | 4,788,000 | $ 5,057,249 | |||
Taiwan Mobile Co., Ltd. | 3,631,000 | 13,021,796 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,369,000 | 11,769,643 | |||
29,848,688 | |||||
UNITED KINGDOM — 9.8% | |||||
Carnival PLC | 153,307 | 9,524,186 | |||
Close Brothers Group PLC | 331,942 | 6,847,985 | |||
DS Smith PLC | 1,274,041 | 7,946,537 | |||
Experian PLC | 266,730 | 6,853,973 | |||
Kingfisher PLC | 2,490,471 | 8,379,060 | |||
Prudential PLC | 321,695 | 7,381,212 | |||
RELX PLC | 305,634 | 6,440,760 | |||
Sage Group PLC | 862,526 | 6,595,690 | |||
SSE PLC | 1,078,618 | 16,119,308 | |||
Unilever PLC | 152,687 | 8,394,538 | |||
84,483,249 | |||||
TOTAL COMMON STOCKS (Cost $876,373,247) | 858,087,108 |
SHORT-TERM INVESTMENTS — 2.4% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) | 269,768 | 269,768 | |
State Street Navigator Securities Lending Government Money Market Portfolio (c) (e) | 20,719,247 | 20,719,247 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $20,989,015) | 20,989,015 | ||
TOTAL INVESTMENTS — 102.0% (Cost $897,362,262) | 879,076,123 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (2.0)% | (17,166,510) | ||
NET ASSETS — 100.0% | $ 861,909,613 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(e) | Investment of cash collateral for securities loaned. |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $133,639,162 | $— | $— | $133,639,162 | ||||
Canada | 146,204,210 | — | — | 146,204,210 | ||||
China | 9,647,323 | — | — | 9,647,323 | ||||
Finland | 22,000,550 | — | — | 22,000,550 | ||||
France | 80,241,010 | — | — | 80,241,010 | ||||
Germany | 24,040,864 | — | — | 24,040,864 | ||||
Hong Kong | 35,904,410 | — | — | 35,904,410 | ||||
Italy | 23,361,788 | — | — | 23,361,788 | ||||
Japan | 46,772,708 | — | — | 46,772,708 | ||||
Malaysia | 12,171,557 | — | — | 12,171,557 | ||||
New Zealand | 6,245,520 | — | — | 6,245,520 | ||||
Portugal | 14,516,886 | — | — | 14,516,886 | ||||
Singapore | 42,625,005 | — | — | 42,625,005 | ||||
South Africa | 39,452,586 | — | — | 39,452,586 | ||||
South Korea | 13,095,344 | — | — | 13,095,344 | ||||
Spain | 12,715,223 | — | — | 12,715,223 | ||||
Sweden | 18,754,919 | — | — | 18,754,919 | ||||
Switzerland | 62,366,106 | — | — | 62,366,106 | ||||
Taiwan | 29,848,688 | — | — | 29,848,688 | ||||
United Kingdom | 84,483,249 | — | — | 84,483,249 | ||||
Short-Term Investments | 20,989,015 | — | — | 20,989,015 | ||||
TOTAL INVESTMENTS | $879,076,123 | $— | $— | $879,076,123 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 870,594 | $ 870,594 | $ 84,571,353 | $ 85,172,179 | $— | $— | 269,768 | $ 269,768 | $ 23,208 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 513,248 | 513,248 | 682,205,358 | 661,999,359 | — | — | 20,719,247 | 20,719,247 | 488,893 | ||||||||
Total | $1,383,842 | $766,776,711 | $747,171,538 | $— | $— | $20,989,015 | $512,101 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
BELGIUM — 1.7% | |||||
Anheuser-Busch InBev SA | 37,839 | $ 3,305,917 | |||
DENMARK — 1.9% | |||||
Novo Nordisk A/S Class B | 78,032 | 3,675,326 | |||
FRANCE — 19.5% | |||||
Air Liquide SA | 18,988 | 2,498,781 | |||
Airbus SE | 25,405 | 3,192,164 | |||
AXA SA | 92,265 | 2,480,887 | |||
BNP Paribas SA | 51,270 | 3,138,885 | |||
L'Oreal SA | 10,840 | 2,615,079 | |||
LVMH Moet Hennessy Louis Vuitton SE | 11,892 | 4,207,303 | |||
Safran SA | 15,902 | 2,229,349 | |||
Sanofi | 50,375 | 4,479,567 | |||
Schneider Electric SE | 23,884 | 1,922,469 | |||
TOTAL SA (a) | 118,388 | 7,678,425 | |||
Vinci SA | 24,665 | 2,349,741 | |||
36,792,650 | |||||
GERMANY — 14.4% | |||||
Allianz SE | 19,109 | 4,261,458 | |||
BASF SE | 40,834 | 3,630,665 | |||
Bayer AG | 41,460 | 3,684,398 | |||
Daimler AG | 39,593 | 2,499,407 | |||
Deutsche Telekom AG | 143,791 | 2,318,978 | |||
SAP SE | 48,028 | 5,913,157 | |||
Siemens AG | 37,780 | 4,841,880 | |||
27,149,943 | |||||
ITALY — 2.1% | |||||
Eni SpA | 112,633 | 2,130,063 | |||
Intesa Sanpaolo SpA | 723,508 | 1,849,620 | |||
3,979,683 | |||||
NETHERLANDS — 6.8% | |||||
ASML Holding NV | 19,183 | 3,585,020 | |||
ING Groep NV | 172,537 | 2,241,292 | |||
Royal Dutch Shell PLC Class A | 203,334 | 6,984,797 | |||
12,811,109 | |||||
SPAIN — 3.8% | |||||
Banco Bilbao Vizcaya Argentaria SA | 295,642 | 1,885,200 | |||
Banco Santander SA | 717,377 | 3,612,482 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Telefonica SA | 206,775 | $ 1,637,473 | |||
7,135,155 | |||||
SWITZERLAND — 20.1% | |||||
ABB, Ltd. | 81,357 | 1,931,479 | |||
Glencore PLC (b) | 536,848 | 2,322,153 | |||
Nestle SA | 136,082 | 11,398,679 | |||
Novartis AG | 113,325 | 9,791,800 | |||
Roche Holding AG | 31,218 | 7,598,361 | |||
UBS Group AG (b) | 170,955 | 2,712,738 | |||
Zurich Insurance Group AG | 6,711 | 2,131,196 | |||
37,886,406 | |||||
UNITED KINGDOM — 29.2% | |||||
AstraZeneca PLC | 56,311 | 4,378,770 | |||
Barclays PLC | 715,018 | 1,601,709 | |||
BP PLC | 888,046 | 6,824,424 | |||
British American Tobacco PLC | 101,950 | 4,765,516 | |||
Diageo PLC | 109,422 | 3,879,788 | |||
GlaxoSmithKline PLC | 220,486 | 4,418,679 | |||
HSBC Holdings PLC | 898,977 | 7,852,136 | |||
Lloyds Banking Group PLC | 3,162,781 | 2,444,546 | |||
National Grid PLC | 150,688 | 1,555,138 | |||
Prudential PLC | 114,914 | 2,636,673 | |||
Reckitt Benckiser Group PLC | 32,658 | 2,987,950 | |||
Rio Tinto PLC | 50,179 | 2,538,913 | |||
Unilever NV | 67,276 | 3,748,035 | |||
Unilever PLC | 53,191 | 2,924,374 | |||
Vodafone Group PLC | 1,184,458 | 2,540,854 | |||
55,097,505 | |||||
TOTAL COMMON STOCKS (Cost $206,816,607) | 187,833,694 |
SHORT-TERM INVESTMENT — 0.1% | |||
State Street Navigator Securities Lending Government Money Market Portfolio (c) (d) (Cost $86,582) | 86,582 | 86,582 | |
TOTAL INVESTMENTS — 99.6% (Cost $206,903,189) | 187,920,276 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.4% | 810,395 | ||
NET ASSETS — 100.0% | $ 188,730,671 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | Investment of cash collateral for securities loaned. |
Description | Level 1 — Quoted Prices | Level 2 — Other Significant Observable Inputs | Level 3 — Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Belgium | $ 3,305,917 | $— | $— | $ 3,305,917 | ||||
Denmark | 3,675,326 | — | — | 3,675,326 | ||||
France | 36,792,650 | — | — | 36,792,650 | ||||
Germany | 27,149,943 | — | — | 27,149,943 | ||||
Italy | 3,979,683 | — | — | 3,979,683 | ||||
Netherlands | 12,811,109 | — | — | 12,811,109 | ||||
Spain | 7,135,155 | — | — | 7,135,155 | ||||
Switzerland | 37,886,406 | — | — | 37,886,406 | ||||
United Kingdom | 55,097,505 | — | — | 55,097,505 | ||||
Short-Term Investment | 86,582 | — | — | 86,582 | ||||
TOTAL INVESTMENTS | $187,920,276 | $— | $— | $187,920,276 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 76,612 | $ 76,612 | $ 8,860,425 | $ 8,937,037 | $— | $— | — | $ — | $ 1,744 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 128,419 | 128,419 | 131,620,546 | 131,662,383 | — | — | 86,582 | 86,582 | 80,922 | ||||||||
Total | $205,031 | $140,480,971 | $140,599,420 | $— | $— | $86,582 | $82,666 |
Table of Contents
SPDR EURO STOXX 50 ETF | SPDR MSCI ACWI ex-US ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $3,097,229,921 | $1,540,816,503 | |
Investments in affiliated issuers, at value | 2,309,293 | 24,411,662 | |
Total Investments | 3,099,539,214 | 1,565,228,165 | |
Foreign currency, at value | 2,213,755 | 5,296,565 | |
Cash | 658 | 8 | |
Receivable for investments sold | 24,918,178 | — | |
Dividends receivable — unaffiliated issuers | 1,953,939 | 3,959,672 | |
Dividends receivable — affiliated issuers | 837 | 98 | |
Securities lending income receivable — unaffiliated issuers | — | 11,878 | |
Securities lending income receivable — affiliated issuers | 72 | 17,958 | |
Receivable from Adviser | — | 54,535 | |
Receivable for foreign taxes recoverable | 7,592,679 | 1,213,707 | |
Other Receivable | 20,907 | 2,034 | |
TOTAL ASSETS | 3,136,240,239 | 1,575,784,620 | |
LIABILITIES | |||
Payable upon return of securities loaned | 2,152,850 | 24,362,815 | |
Payable for fund shares repurchased | 24,928,099 | — | |
Deferred foreign taxes payable | — | 102,460 | |
Advisory fee payable | 749,598 | 427,393 | |
Accrued expenses and other liabilities | 30,404 | — | |
TOTAL LIABILITIES | 27,860,951 | 24,892,668 | |
NET ASSETS | $3,108,379,288 | $1,550,891,952 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $3,673,610,192 | $1,546,637,524 | |
Total distributable earnings (loss)** | (565,230,904) | 4,254,428 | |
NET ASSETS | $3,108,379,288 | $1,550,891,952 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 38.35 | $ 37.46 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 81,050,967 | 41,400,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $3,226,333,887 | $1,477,726,224 | |
Investments in affiliated issuers | 2,309,293 | 24,411,662 | |
Total cost of investments | $3,228,643,180 | $1,502,137,886 | |
Foreign currency, at cost | $ 2,243,617 | $ 5,342,306 | |
* Includes investments in securities on loan, at value | $ 2,000,083 | $ 48,267,653 | |
**Includes deferred foreign taxes | $ — | $ 102,460 |
Table of Contents
SPDR S&P Emerging Markets Dividend ETF | SPDR S&P Emerging Markets Small Cap ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $ 401,847,701 | $ 469,782,337 | |
Investments in affiliated issuers, at value | 6,333,936 | 12,167,528 | |
Total Investments | 408,181,637 | 481,949,865 | |
Foreign currency, at value | 469,790 | 1,237,404 | |
Cash | 102 | — | |
Receivable for investments sold | 4,815,334 | 2,632,858 | |
Dividends receivable — unaffiliated issuers | 661,094 | 943,429 | |
Dividends receivable — affiliated issuers | 1,475 | 3,129 | |
Securities lending income receivable — unaffiliated issuers | 1,857 | 44,082 | |
Securities lending income receivable — affiliated issuers | 7,758 | 40,041 | |
Receivable for foreign taxes recoverable | 16,874 | 851 | |
TOTAL ASSETS | 414,155,921 | 486,851,659 | |
LIABILITIES | |||
Due to Broker | — | 2,561,743 | |
Payable upon return of securities loaned | 5,021,748 | 12,167,528 | |
Payable for investments purchased | 624 | 519,341 | |
Payable for fund shares repurchased | 6,125,739 | — | |
Advisory fee payable | 163,045 | 254,126 | |
TOTAL LIABILITIES | 11,311,156 | 15,502,738 | |
NET ASSETS | $ 402,844,765 | $ 471,348,921 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $ 634,304,520 | $ 628,504,135 | |
Total distributable earnings (loss) | (231,459,755) | (157,155,214) | |
NET ASSETS | $ 402,844,765 | $ 471,348,921 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 30.87 | $ 44.89 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 13,050,000 | 10,500,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $ 402,811,573 | $ 560,241,971 | |
Investments in affiliated issuers | 6,333,936 | 12,167,528 | |
Total cost of investments | $ 409,145,509 | $ 572,409,499 | |
Foreign currency, at cost | $ 480,182 | $ 1,235,261 | |
* Includes investments in securities on loan, at value | $ 5,982,171 | $ 25,404,654 |
Table of Contents
SPDR S&P International Dividend ETF | SPDR STOXX Europe 50 ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $ 858,087,108 | $187,833,694 | |
Investments in affiliated issuers, at value | 20,989,015 | 86,582 | |
Total Investments | 879,076,123 | 187,920,276 | |
Foreign currency, at value | 1,368,225 | 407,142 | |
Cash | 82 | — | |
Receivable for investments sold | 10,706,005 | 48,870 | |
Dividends receivable — unaffiliated issuers | 1,911,820 | 255,998 | |
Dividends receivable — affiliated issuers | 1,423 | 304 | |
Securities lending income receivable — unaffiliated issuers | — | 9 | |
Securities lending income receivable — affiliated issuers | 20,486 | 157 | |
Receivable for foreign taxes recoverable | 1,285,011 | 564,796 | |
TOTAL ASSETS | 894,369,175 | 189,197,552 | |
LIABILITIES | |||
Due to custodian | — | 16,882 | |
Payable upon return of securities loaned | 20,719,247 | 86,582 | |
Payable for investments purchased | — | 317,990 | |
Payable for fund shares repurchased | 11,415,308 | — | |
Advisory fee payable | 325,007 | 45,427 | |
TOTAL LIABILITIES | 32,459,562 | 466,881 | |
NET ASSETS | $ 861,909,613 | $188,730,671 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $1,293,836,941 | $245,831,898 | |
Total distributable earnings (loss) | (431,927,328) | (57,101,227) | |
NET ASSETS | $ 861,909,613 | $188,730,671 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 38.05 | $ 33.70 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 22,651,326 | 5,600,370 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $ 876,373,247 | $206,816,607 | |
Investments in affiliated issuers | 20,989,015 | 86,582 | |
Total cost of investments | $ 897,362,262 | $206,903,189 | |
Foreign currency, at cost | $ 1,365,285 | $ 411,614 | |
* Includes investments in securities on loan, at value | $ 27,199,218 | $ 80,439 |
Table of Contents
SPDR EURO STOXX 50 ETF | SPDR MSCI ACWI ex-US ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 147,524,668 | $ 49,605,507 | |
Dividend income — affiliated issuers | 27,408 | 21,663 | |
Unaffiliated securities lending income | 240,861 | 139,465 | |
Affiliated securities lending income | 2,572,333 | 420,778 | |
Foreign taxes withheld | (20,171,511) | (4,488,494) | |
TOTAL INVESTMENT INCOME (LOSS) | 130,193,759 | 45,698,919 | |
EXPENSES | |||
Advisory fee | 11,857,714 | 5,338,281 | |
Trustees’ fees and expenses | 78,288 | 28,806 | |
Miscellaneous expenses | 64,950 | 5,843 | |
TOTAL EXPENSES | 12,000,952 | 5,372,930 | |
Expenses waived/reimbursed by the Adviser | — | (661,493) | |
NET EXPENSES | 12,000,952 | 4,711,437 | |
NET INVESTMENT INCOME (LOSS) | 118,192,807 | 40,987,482 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (94,750,197) | (8,044,461) | |
In-kind redemptions — unaffiliated issuers | 202,554,896 | 32,860,444 | |
Foreign currency transactions | (479,244) | (589,598) | |
Net realized gain (loss) | 107,325,455 | 24,226,385 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers** | (414,496,834) | (38,014,845) | |
Foreign currency translations | (320,823) | (80,141) | |
Net change in unrealized appreciation/depreciation | (414,817,657) | (38,094,986) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | (307,492,202) | (13,868,601) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(189,299,395) | $ 27,118,881 | |
** Includes foreign deferred taxes | $ — | $ 37,801 |
Table of Contents
SPDR S&P Emerging Markets Dividend ETF | SPDR S&P Emerging Markets Small Cap ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $18,762,327 | $ 16,355,526 | |
Dividend income — affiliated issuers | 11,591 | 15,414 | |
Unaffiliated securities lending income | 29,447 | 610,431 | |
Affiliated securities lending income | 98,824 | 744,840 | |
Foreign taxes withheld | (2,118,499) | (2,010,129) | |
Other Income | — | 118 | |
TOTAL INVESTMENT INCOME (LOSS) | 16,783,690 | 15,716,200 | |
EXPENSES | |||
Advisory fee | 2,218,688 | 3,375,429 | |
Trustees’ fees and expenses | 8,441 | 9,477 | |
Miscellaneous expenses | 693 | 21 | |
TOTAL EXPENSES | 2,227,822 | 3,384,927 | |
NET INVESTMENT INCOME (LOSS) | 14,555,868 | 12,331,273 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers* | 6,041,079 | (10,935,164) | |
In-kind redemptions — unaffiliated issuers | 6,373,343 | 1,257,482 | |
Foreign currency transactions | (536,879) | (275,661) | |
Net realized gain (loss) | 11,877,543 | (9,953,343) | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers | (5,028,802) | (39,064,841) | |
Foreign currency translations | 4,692 | (26,311) | |
Net change in unrealized appreciation/depreciation | (5,024,110) | (39,091,152) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | 6,853,433 | (49,044,495) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $21,409,301 | $(36,713,222) | |
* Includes foreign capital gain taxes | $ — | $ (176,930) |
Table of Contents
SPDR S&P International Dividend ETF | SPDR STOXX Europe 50 ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 52,211,129 | $ 9,609,852 | |
Dividend income — affiliated issuers | 23,208 | 1,744 | |
Unaffiliated securities lending income | 94,125 | 11,975 | |
Affiliated securities lending income | 488,893 | 80,922 | |
Foreign taxes withheld | (4,443,826) | (688,231) | |
TOTAL INVESTMENT INCOME (LOSS) | 48,373,529 | 9,016,262 | |
EXPENSES | |||
Advisory fee | 5,190,450 | 737,982 | |
Trustees’ fees and expenses | 22,454 | 4,965 | |
Miscellaneous expenses | 25,933 | 3,627 | |
TOTAL EXPENSES | 5,238,837 | 746,574 | |
NET INVESTMENT INCOME (LOSS) | 43,134,692 | 8,269,688 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (7,407,807) | (2,496,270) | |
In-kind redemptions — unaffiliated issuers | 14,117,839 | 11,591,084 | |
Foreign currency transactions | (426,045) | (22,260) | |
Net realized gain (loss) | 6,283,987 | 9,072,554 | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers | (61,667,805) | (21,014,718) | |
Foreign currency translations | 54,807 | (25,865) | |
Net change in unrealized appreciation/depreciation | (61,612,998) | (21,040,583) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | (55,329,011) | (11,968,029) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(12,194,319) | $ (3,698,341) |
Table of Contents
SPDR EURO STOXX 50 ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 118,192,807 | $ 89,168,391 | |
Net realized gain (loss) | 107,325,455 | (47,488,563) | |
Net change in unrealized appreciation/depreciation | (414,817,657) | 767,645,429 | |
Net increase (decrease) in net assets resulting from operations | (189,299,395) | 809,325,257 | |
Net equalization credits and charges | (7,893,180) | 11,045,586 | |
Distributions to shareholders(a) | (111,215,340) | (96,010,453) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 320,267,379 | 1,783,480,945 | |
Cost of shares redeemed | (1,467,040,414) | (479,844,142) | |
Net income equalization | 7,893,180 | (11,045,586) | |
Net increase (decrease) in net assets from beneficial interest transactions | (1,138,879,855) | 1,292,591,217 | |
Net increase (decrease) in net assets during the period | (1,447,287,770) | 2,016,951,607 | |
Net assets at beginning of period | 4,555,667,058 | 2,538,715,451 | |
NET ASSETS AT END OF PERIOD(b) | $ 3,108,379,288 | $4,555,667,058 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 7,700,000 | 46,900,000 | |
Shares redeemed | (36,950,000) | (14,100,000) | |
Net increase (decrease) | (29,250,000) | 32,800,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $96,010,453 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $0 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR MSCI ACWI ex-US ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 40,987,482 | $ 30,530,226 | |
Net realized gain (loss) | 24,226,385 | (2,679,958) | |
Net change in unrealized appreciation/depreciation | (38,094,986) | 194,915,268 | |
Net increase (decrease) in net assets resulting from operations | 27,118,881 | 222,765,536 | |
Distributions to shareholders(a) | (37,197,017) | (27,970,511) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 201,250,528 | 419,780,280 | |
Cost of shares redeemed | (102,175,691) | — | |
Other capital | 120,679 | (99,689) | |
Net increase (decrease) in net assets from beneficial interest transactions | 99,195,516 | 419,680,591 | |
Net increase (decrease) in net assets during the period | 89,117,380 | 614,475,616 | |
Net assets at beginning of period | 1,461,774,572 | 847,298,956 | |
NET ASSETS AT END OF PERIOD(b) | $1,550,891,952 | $1,461,774,572 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 5,200,000 | 12,600,000 | |
Shares redeemed | (2,600,000) | — | |
Net increase (decrease) | 2,600,000 | 12,600,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $27,970,511 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $9,518,243 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR S&P Emerging Markets Dividend ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 14,555,868 | $ 14,349,782 | |
Net realized gain (loss) | 11,877,543 | 28,726,180 | |
Net change in unrealized appreciation/depreciation | (5,024,110) | 3,575,929 | |
Net increase (decrease) in net assets resulting from operations | 21,409,301 | 46,651,891 | |
Net equalization credits and charges | (143,636) | 447,960 | |
Distributions to shareholders(a) | (14,440,071) | (13,211,413) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 45,547,969 | 95,845,524 | |
Cost of shares redeemed | (72,596,389) | (6,518,090) | |
Net income equalization | 143,636 | (447,960) | |
Other capital | 66,368 | 47,441 | |
Net increase (decrease) in net assets from beneficial interest transactions | (26,838,416) | 88,926,915 | |
Net increase (decrease) in net assets during the period | (20,012,822) | 122,815,353 | |
Net assets at beginning of period | 422,857,587 | 300,042,234 | |
NET ASSETS AT END OF PERIOD(b) | $402,844,765 | $422,857,587 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 1,350,000 | 3,250,000 | |
Shares redeemed | (2,250,000) | (250,000) | |
Net increase (decrease) | (900,000) | 3,000,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $13,211,413 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $1,028,057 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR S&P Emerging Markets Small Cap ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 12,331,273 | $ 9,287,724 | |
Net realized gain (loss) | (9,953,343) | 20,776,592 | |
Net change in unrealized appreciation/depreciation | (39,091,152) | 37,278,832 | |
Net increase (decrease) in net assets resulting from operations | (36,713,222) | 67,343,148 | |
Distributions to shareholders(a) | (14,850,712) | (8,720,849) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 58,400,001 | 133,120,554 | |
Cost of shares redeemed | (14,895,095) | (33,210,110) | |
Other capital | 69,568 | 249,509 | |
Net increase (decrease) in net assets from beneficial interest transactions | 43,574,474 | 100,159,953 | |
Net increase (decrease) in net assets during the period | (7,989,460) | 158,782,252 | |
Net assets at beginning of period | 479,338,381 | 320,556,129 | |
NET ASSETS AT END OF PERIOD(b) | $471,348,921 | $479,338,381 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 1,100,000 | 3,000,000 | |
Shares redeemed | (300,000) | (800,000) | |
Net increase (decrease) | 800,000 | 2,200,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $8,720,849 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $7,196,499 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR S&P International Dividend ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 43,134,692 | $ 44,330,093 | |
Net realized gain (loss) | 6,283,987 | 77,464,040 | |
Net change in unrealized appreciation/depreciation | (61,612,998) | 45,336,374 | |
Net increase (decrease) in net assets resulting from operations | (12,194,319) | 167,130,507 | |
Net equalization credits and charges | (3,381,984) | (211,475) | |
Distributions to shareholders(a) | (44,083,053) | (58,780,820) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 36,351,454 | 226,668,368 | |
Cost of shares redeemed | (370,125,230) | (93,577,293) | |
Net income equalization | 3,381,984 | 211,475 | |
Other capital | (801) | 12,771 | |
Net increase (decrease) in net assets from beneficial interest transactions | (330,392,593) | 133,315,321 | |
Net increase (decrease) in net assets during the period | (390,051,949) | 241,453,533 | |
Net assets at beginning of period | 1,251,961,562 | 1,010,508,029 | |
NET ASSETS AT END OF PERIOD(b) | $ 861,909,613 | $1,251,961,562 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 900,000 | 5,950,000 | |
Shares redeemed | (9,350,000) | (2,450,000) | |
Net increase (decrease) | (8,450,000) | 3,500,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $58,780,820 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $5,335,031 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR STOXX Europe 50 ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 8,269,688 | $ 6,456,978 | |
Net realized gain (loss) | 9,072,554 | (5,560,708) | |
Net change in unrealized appreciation/depreciation | (21,040,583) | 39,673,053 | |
Net increase (decrease) in net assets resulting from operations | (3,698,341) | 40,569,323 | |
Net equalization credits and charges | (420,736) | 837,646 | |
Distributions to shareholders(a) | (7,892,615) | (7,278,371) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | — | 115,916,959 | |
Cost of shares redeemed | (117,342,970) | (17,804,866) | |
Net income equalization | 420,736 | (837,646) | |
Other capital | — | 41,867 | |
Net increase (decrease) in net assets from beneficial interest transactions | (116,922,234) | 97,316,314 | |
Net increase (decrease) in net assets during the period | (128,933,926) | 131,444,912 | |
Net assets at beginning of period | 317,664,597 | 186,219,685 | |
NET ASSETS AT END OF PERIOD(b) | $ 188,730,671 | $317,664,597 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | — | 3,400,000 | |
Shares redeemed | (3,350,000) | (600,000) | |
Net increase (decrease) | (3,350,000) | 2,800,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $7,278,371 from net investment income. See Note 11 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $0 as of September 30, 2017. See Note 11 on the notes to financial statements. |
Table of Contents
SPDR EURO STOXX 50 ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 41.30 | $ 32.76 | $ 33.77 | $ 39.88 | $ 38.33 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.17 | 1.04 | 1.05 | 1.20 | 1.32 | ||||
Net realized and unrealized gain (loss) (b) | (2.89) | 8.34 | (0.83) | (6.11) | 1.46 | ||||
Total from investment operations | (1.72) | 9.38 | 0.22 | (4.91) | 2.78 | ||||
Net equalization credits and charges (a) | (0.08) | 0.13 | (0.06) | (0.01) | 0.06 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.15) | (0.97) | (1.17) | (1.19) | (1.29) | ||||
Net asset value, end of period | $ 38.35 | $ 41.30 | $ 32.76 | $ 33.77 | $ 39.88 | ||||
Total return (c) | (4.40)% | 29.30% | 0.62% | (12.60)% | 7.20% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $3,108,379 | $4,555,667 | $2,538,715 | $4,044,421 | $4,949,488 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | ||||
Net investment income (loss) | 2.89% | 2.83% | 3.13% | 3.16% | 3.16% | ||||
Portfolio turnover rate (d) | 7% | 4% | 7% | 6% | 6% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR MSCI ACWI ex-US ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 37.67 | $ 32.34 | $ 30.31 | $ 35.09 | $ 34.29 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.00 | 0.90 | 0.87 | 0.94 | 1.17 | ||||
Net realized and unrealized gain (loss) (b) | (0.31) | 5.22 | 2.00 | (4.92) | 0.72 | ||||
Total from investment operations | 0.69 | 6.12 | 2.87 | (3.98) | 1.89 | ||||
Other capital | 0.00(c) | (0.00)(c) | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (0.90) | (0.79) | (0.84) | (0.80) | (1.09) | ||||
Net asset value, end of period | $ 37.46 | $ 37.67 | $ 32.34 | $ 30.31 | $ 35.09 | ||||
Total return (d) | 1.76% | 19.24% | 9.66% | (11.58)% | 5.43% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $1,550,892 | $1,461,775 | $847,299 | $715,311 | $575,494 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.34% | 0.34% | 0.34% | 0.34% | 0.35% | ||||
Net expenses | 0.30% | 0.30% | 0.30% | 0.32% | 0.35% | ||||
Net investment income (loss) | 2.61% | 2.62% | 2.80% | 2.74% | 3.25% | ||||
Portfolio turnover rate (e) | 3% | 3% | 7% | 8% | 3% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P Emerging Markets Dividend ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 30.31 | $ 27.40 | $ 25.06 | $ 36.66 | $ 40.34 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.05 | 1.18 | 1.28 | 1.44 | 1.77 | ||||
Net realized and unrealized gain (loss) (b) | 0.57 | 2.70 | 2.29 | (11.68) | (3.86) | ||||
Total from investment operations | 1.62 | 3.88 | 3.57 | (10.24) | (2.09) | ||||
Net equalization credits and charges (a) | (0.01) | 0.04 | 0.04 | (0.03) | 0.04 | ||||
Other capital | 0.00(c) | 0.00(c) | 0.02 | 0.01 | 0.01 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.05) | (1.01) | (1.29) | (1.34) | (1.64) | ||||
Net asset value, end of period | $ 30.87 | $ 30.31 | $ 27.40 | $ 25.06 | $ 36.66 | ||||
Total return (d) | 5.26% | 14.47% | 14.70% | (28.56)% | (5.16)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $402,845 | $422,858 | $300,042 | $298,163 | $491,217 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.49% | 0.49% | 0.49% | 0.53% | 0.59% | ||||
Net investment income (loss) | 3.21% | 4.05% | 4.91% | 4.32% | 4.50% | ||||
Portfolio turnover rate (e) | 55% | 123% | 48% | 78% | 67% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P Emerging Markets Small Cap ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 49.42 | $ 42.74 | $ 37.00 | $ 48.31 | $ 46.15 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.19 | 1.04 | 0.89 | 1.01 | 1.01 | ||||
Net realized and unrealized gain (loss) (b) | (4.25) | 6.61 | 5.84 | (11.19) | 2.11 | ||||
Total from investment operations | (3.06) | 7.65 | 6.73 | (10.18) | 3.12 | ||||
Other capital | 0.01 | 0.03 | 0.04 | 0.04 | 0.05 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.48) | (1.00) | (1.03) | (1.17) | (1.01) | ||||
Net asset value, end of period | $ 44.89 | $ 49.42 | $ 42.74 | $ 37.00 | $ 48.31 | ||||
Total return (c) | (6.49)% | 18.46% | 18.67% | (21.38)% | 6.90% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $471,349 | $479,338 | $320,556 | $373,681 | $570,082 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% | ||||
Net investment income (loss) | 2.37% | 2.30% | 2.29% | 2.26% | 2.10% | ||||
Portfolio turnover rate (d) | 24% | 34% | 19% | 12% | 23% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P International Dividend ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 40.25 | $ 36.61 | $ 33.95 | $ 46.33 | $ 46.60 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.50 | 1.51 | 1.68 | 2.05 | 2.41 | ||||
Net realized and unrealized gain (loss) (b) | (1.95) | 4.13 | 2.56 | (12.36) | (0.29) | ||||
Total from investment operations | (0.45) | 5.64 | 4.24 | (10.31) | 2.12 | ||||
Net equalization credits and charges (a) | (0.12) | (0.01) | 0.05 | (0.01) | 0.03 | ||||
Other capital | (0.00)(c) | 0.00(c) | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.63) | (1.99) | (1.63) | (2.06) | (2.42) | ||||
Net asset value, end of period | $ 38.05 | $ 40.25 | $ 36.61 | $ 33.95 | $ 46.33 | ||||
Total return (d) | (1.49)% | 15.84% | 12.98% | (22.86)% | 4.43% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $861,910 | $1,251,962 | $1,010,508 | $974,416 | $1,450,114 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.45% | 0.45% | 0.45% | 0.46% | 0.46% | ||||
Net investment income (loss) | 3.74% | 3.95% | 4.81% | 4.84% | 4.96% | ||||
Portfolio turnover rate (e) | 47% | 122% | 39% | 76% | 62% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR STOXX Europe 50 ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 35.49 | $ 30.28 | $ 31.54 | $ 36.86 | $ 36.47 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.14 | 0.95 | 1.10 | 1.23 | 2.03(b) | ||||
Net realized and unrealized gain (loss) (c) | (1.68) | 5.14 | (1.21) | (5.37) | 0.22 | ||||
Total from investment operations | (0.54) | 6.09 | (0.11) | (4.14) | 2.25 | ||||
Net equalization credits and charges (a) | (0.06) | 0.12 | (0.04) | 0.04 | 0.11 | ||||
Other capital | — | 0.01 | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.19) | (1.01) | (1.11) | (1.22) | (1.97) | ||||
Net asset value, end of period | $ 33.70 | $ 35.49 | $ 30.28 | $ 31.54 | $ 36.86 | ||||
Total return (d) | (1.68)% | 20.83% | (0.42)% | (11.36)% | 6.33%(b) | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $188,731 | $317,665 | $186,220 | $247,626 | $261,730 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | ||||
Net investment income (loss) | 3.25% | 2.92% | 3.57% | 3.50% | 5.28%(b) | ||||
Portfolio turnover rate (e) | 5% | 8% | 8% | 9% | 9% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.76 per share and 1.96% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been 4.56%. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR EURO STOXX 50 ETF |
SPDR MSCI ACWI ex-US ETF |
SPDR S&P Emerging Markets Dividend ETF |
SPDR S&P Emerging Markets Small Cap ETF |
SPDR S&P International Dividend ETF |
SPDR STOXX Europe 50 ETF |
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SPDR EURO STOXX 50 ETF |
SPDR S&P Emerging Markets Dividend ETF |
SPDR S&P International Dividend ETF |
SPDR STOXX Europe 50 ETF |
Annual Rate | |
SPDR EURO STOXX 50 ETF | 0.29% |
SPDR MSCI ACWI ex-US ETF | 0.34 |
SPDR S&P Emerging Markets Dividend ETF | 0.49 |
SPDR S&P Emerging Markets Small Cap ETF | 0.65 |
SPDR S&P International Dividend ETF | 0.45 |
SPDR STOXX Europe 50 ETF | 0.29 |
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Purchases | Sales | ||
SPDR EURO STOXX 50 ETF | $297,660,171 | $299,407,285 | |
SPDR MSCI ACWI ex-US ETF | 49,622,545 | 39,008,266 | |
SPDR S&P Emerging Markets Dividend ETF | 244,813,438 | 253,500,654 | |
SPDR S&P Emerging Markets Small Cap ETF | 147,837,881 | 125,582,138 |
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Purchases | Sales | ||
SPDR S&P International Dividend ETF | $539,658,478 | $557,157,201 | |
SPDR STOXX Europe 50 ETF | 12,118,966 | 12,967,485 |
In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains/(Losses) | |||
SPDR EURO STOXX 50 ETF | $320,239,585 | $1,466,131,948 | $202,554,896 | ||
SPDR MSCI ACWI ex-US ETF | 185,542,780 | 94,088,396 | 32,860,444 | ||
SPDR S&P Emerging Markets Dividend ETF | 29,617,492 | 48,038,266 | 6,373,343 | ||
SPDR S&P Emerging Markets Small Cap ETF | 23,637,671 | 6,068,475 | 1,257,482 | ||
SPDR S&P International Dividend ETF | 33,392,784 | 348,759,094 | 14,117,839 | ||
SPDR STOXX Europe 50 ETF | — | 116,227,775 | 11,591,084 |
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Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR EURO STOXX 50 ETF | $111,215,340 | $— | $111,215,340 | ||
SPDR MSCI ACWI ex-US ETF | 37,197,017 | — | 37,197,017 | ||
SPDR S&P Emerging Markets Dividend ETF | 14,440,071 | — | 14,440,071 | ||
SPDR S&P Emerging Markets Small Cap ETF | 14,850,712 | — | 14,850,712 | ||
SPDR S&P International Dividend ETF | 44,083,053 | — | 44,083,053 | ||
SPDR STOXX Europe 50 ETF | 7,892,615 | — | 7,892,615 |
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Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR EURO STOXX 50 ETF | $ 96,010,453 | $ — | $ 96,010,453 | ||
SPDR MSCI ACWI ex-US ETF | 27,970,511 | — | 27,970,511 | ||
SPDR S&P Emerging Markets Dividend ETF | 13,211,413 | — | 13,211,413 | ||
SPDR S&P Emerging Markets Small Cap ETF | 8,720,849 | — | 8,720,849 | ||
SPDR S&P International Dividend ETF | 58,780,820 | — | 58,780,820 | ||
SPDR STOXX Europe 50 ETF | 7,278,371 | — | 7,278,371 |
Undistributed Ordinary Income | Capital Loss Carryforwards | Undistributed Long-Term Capital Gains | Net Unrealized Gains (Losses) | Qualified Late-Year Losses* | Total | ||||||
SPDR EURO STOXX 50 ETF | $ 6,498,311 | $(441,485,118) | $— | $(130,244,097) | $— | $(565,230,904) | |||||
SPDR MSCI ACWI ex-US ETF | 16,894,117 | (70,406,371) | — | 57,766,682 | — | 4,254,428 | |||||
SPDR S&P Emerging Markets Dividend ETF | 796,894 | (230,644,642) | — | (1,612,007) | — | (231,459,755) | |||||
SPDR S&P Emerging Markets Small Cap ETF | 9,801,514 | (71,871,758) | — | (95,232,141) | — | (157,302,385) | |||||
SPDR S&P International Dividend ETF | 7,679,837 | (418,363,920) | — | (21,243,245) | — | (431,927,328) | |||||
SPDR STOXX Europe 50 ETF | 354,815 | (38,291,392) | — | (19,164,650) | — | (57,101,227) |
* The Funds have elected to defer certain qualified late-year losses and recognize such losses in the next taxable year. |
Expiring 2019 | Non-Expiring Short Term** | Non-Expiring Long Term** | |||
SPDR EURO STOXX 50 ETF | $8,709,645 | $ 46,689,574 | $386,085,899 | ||
SPDR MSCI ACWI ex-US ETF | 2,453,209 | 8,149,028 | 59,804,134 | ||
SPDR S&P Emerging Markets Dividend ETF | 362,314 | 90,530,125 | 139,752,203 | ||
SPDR S&P Emerging Markets Small Cap ETF | — | 529,107 | 71,342,651 | ||
SPDR S&P International Dividend ETF | — | 152,513,900 | 265,850,020 | ||
SPDR STOXX Europe 50 ETF | 2,032,222 | 2,917,298 | 33,341,872 |
** Must be utilized prior to losses subject to expiration. |
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Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
SPDR EURO STOXX 50 ETF | $3,229,777,364 | $262,823,014 | $393,061,164 | $(130,238,150) | |||
SPDR MSCI ACWI ex-US ETF | 1,507,301,515 | 208,765,146 | 150,838,496 | 57,926,650 | |||
SPDR S&P Emerging Markets Dividend ETF | 409,783,223 | 27,250,834 | 28,852,420 | (1,601,586) | |||
SPDR S&P Emerging Markets Small Cap ETF | 577,004,651 | 35,015,102 | 130,069,888 | (95,054,786) | |||
SPDR S&P International Dividend ETF | 900,336,934 | 29,394,323 | 50,655,134 | (21,260,811) | |||
SPDR STOXX Europe 50 ETF | 207,075,623 | 10,231,122 | 29,386,469 | (19,155,347) |
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Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received* | Total Collateral Received | ||||
SPDR EURO STOXX 50 ETF | $ 2,000,083 | $ 2,152,850 | $ — | $ 2,152,850 | ||||
SPDR MSCI ACWI ex-US ETF | 48,267,653 | 24,362,815 | 26,632,234 | 50,995,049 | ||||
SPDR S&P Emerging Markets Dividend ETF | 5,982,171 | 5,021,748 | 1,384,523 | 6,406,271 | ||||
SPDR S&P Emerging Markets Small Cap ETF | 25,404,654 | 12,167,528 | 16,178,068 | 28,345,596 | ||||
SPDR S&P International Dividend ETF | 27,199,218 | 20,719,247 | 7,803,262 | 28,522,509 | ||||
SPDR STOXX Europe 50 ETF | 80,439 | 86,582 | — | 86,582 |
* | The non-cash collateral includes U.S. Treasuries and U.S. Government Agency securities. |
Remaining Contractual Maturity of the Agreements As of September 30, 2018 | ||||||||||||||
Fund | Securities Lending Transactions | Overnight and Continuous | <30 Days | Between 30 & 90 Days | >90 Days | Total Borrowings | Gross Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR EURO STOXX 50 ETF | Common Stocks | $ 2,152,850 | $— | $— | $— | $ 2,152,850 | $ 2,152,850 | |||||||
SPDR MSCI ACWI ex-US ETF | Common Stocks | 24,362,815 | — | — | — | 24,362,815 | 24,362,815 | |||||||
SPDR S&P Emerging Markets Dividend ETF | Common Stocks | 5,021,748 | — | — | — | 5,021,748 | 5,021,748 |
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Remaining Contractual Maturity of the Agreements As of September 30, 2018 | ||||||||||||||
Fund | Securities Lending Transactions | Overnight and Continuous | <30 Days | Between 30 & 90 Days | >90 Days | Total Borrowings | Gross Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR S&P Emerging Markets Small Cap ETF | Common Stocks | $12,167,528 | $— | $— | $— | $12,167,528 | $12,167,528 | |||||||
SPDR S&P International Dividend ETF | Common Stocks | 20,719,247 | — | — | — | 20,719,247 | 20,719,247 | |||||||
SPDR STOXX Europe 50 ETF | Common Stocks | 86,582 | — | — | — | 86,582 | 86,582 |
SPDR MSCI ACWI ex-US ETF |
SPDR S&P Emerging Markets Dividend ETF |
SPDR S&P Emerging Markets Small Cap ETF |
SPDR S&P International Dividend ETF |
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Boston, Massachusetts
November 26, 2018
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SPDR EURO STOXX 50 ETF | SPDR MSCI ACWI ex-US ETF | SPDR S&P Emerging Markets Dividend ETF | ||||
Annualized Expense Ratio | 0.29% | 0.30% | 0.49% | |||
Actual: | ||||||
Ending Account Value | $ 978.00 | $ 984.80 | $ 903.50 | |||
Expenses Paid During Period(a) | 1.44 | 1.49 | 2.34 | |||
Hypothetical (assuming a 5% return before expenses): | ||||||
Ending Account Value | 1,023.60 | 1,023.60 | 1,022.60 | |||
Expenses Paid During Period(a) | 1.47 | 1.52 | 2.48 |
SPDR S&P Emerging Markets Small Cap ETF | SPDR S&P International Dividend ETF | SPDR STOXX Europe 50 ETF | ||||
Annualized Expense Ratio | 0.65% | 0.46% | 0.29% | |||
Actual: | ||||||
Ending Account Value | $ 874.10 | $ 978.20 | $ 999.20 | |||
Expenses Paid During Period(a) | 3.05 | 2.28 | 1.45 | |||
Hypothetical (assuming a 5% return before expenses): | ||||||
Ending Account Value | 1,021.80 | 1,022.80 | 1,023.60 | |||
Expenses Paid During Period(a) | 3.29 | 2.33 | 1.47 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 183, then divided by 365. |
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Amount | |
SPDR EURO STOXX 50 ETF | $10,314,359 |
SPDR MSCI ACWI ex-US ETF | 3,072,661 |
SPDR S&P Emerging Markets Dividend ETF | 1,768,813 |
SPDR S&P Emerging Markets Small Cap ETF | 2,038,125 |
SPDR S&P International Dividend ETF | 2,532,017 |
SPDR STOXX Europe 50 ETF | 384,425 |
Amount | |
SPDR EURO STOXX 50 ETF | $147,524,575 |
SPDR MSCI ACWI ex-US ETF | 49,600,545 |
SPDR S&P Emerging Markets Dividend ETF | 18,762,154 |
SPDR S&P Emerging Markets Small Cap ETF | 16,353,990 |
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Amount | |
SPDR S&P International Dividend ETF | $ 52,213,929 |
SPDR STOXX Europe 50 ETF | 9,609,850 |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
Trustees | ||||||||||
Independent Trustees | ||||||||||
FRANK NESVET c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1943 | Independent Trustee, Chairman, Trustee Committee Chair | Term: Unlimited Served: since September 2000 | Retired. | 125 | None. | |||||
BONNY EUGENIA BOATMAN c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1950 | Independent Trustee | Term: Unlimited Served: since April 2010 | Retired. | 125 | None. | |||||
DWIGHT D. CHURCHILL c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1953 | Independent Trustee | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2010; CEO and President, CFA Institute (June 2014-January 2015). | 125 | Affiliated Managers Group, Inc. (Director). | |||||
CARL G. VERBONCOEUR c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1952 | Independent Trustee, Audit Committee Chair | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2009. | 125 | The Motley Fool Funds Trust (Trustee). | |||||
CLARE S. RICHER c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, Putnam Investments LLC (December 2008 – May 2017). | 125 | Putnam Acquisition Financing Inc. (Director); Putnam Acquisition Financing LLC (Director); Putnam GP Inc. (Director); Putnam Investor Services, Inc. (Director); Putnam Investments Limited (Director); University of Notre Dame (Trustee). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
SANDRA G. SPONEM c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, M.A. Mortenson Companies, Inc. (February 2007 – April 2017). | 125 | Guggenheim / Rydex Funds (Trustee). | |||||
Interested Trustee | ||||||||||
JAMES E. ROSS* SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1965 | Interested Trustee | Term: Unlimited Served as Trustee: since April 2010 | Chairman and Director, SSGA Funds Management, Inc. (2005-present); Executive Vice President, State Street Global Advisors (2012-present); Chief Executive Officer and Director, State Street Global Advisors Funds Distributors, LLC (May 2017- present); Director, State Street Global Markets, LLC (2013-April 2017); President, SSGA Funds Management, Inc. (2005-2012); Principal, State Street Global Advisors (2000 - 2005). | 195 | SSGA SPDR ETFs Europe I plc (Director) (November 2016- present); SSGA SPDR ETFs Europe II plc (Director) (November 2016- present). | |||||
† For the purpose of determining the number of portfolios overseen by the Trustees, “Fund Complex” comprises registered investment companies for which SSGA Funds Management, Inc. serves as investment adviser. | ||||||||||
* Mr. Ross is an Interested Trustee because of his employment with the Adviser and ownership interest in an affiliate of the Adviser. Mr. Ross previously served as an Interested Trustee from November 2005 to December 2009. |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Officers | ||||||
ELLEN M. NEEDHAM SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 | President | Term: Unlimited Served: since October 2012 | President and Director, SSGA Funds Management, Inc. (2001 - present)*; Senior Managing Director, State Street Global Advisors (1992 - present)*; Director, State Street Global Advisors Funds Distributors, LLC (May 2017 - present). | |||
BRUCE S. ROSENBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1961 | Treasurer | Term: Unlimited Served: since February 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (July 2015 - present); Director, Credit Suisse (April 2008 - July 2015). | |||
ANN M. CARPENTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1966 | Vice President; Deputy Treasurer | Term: Unlimited Served: since August 2012 (witrh respect to Vice President); Unlimited Served: since February 2016 (with respect to Deputy Treasurer) | Chief Operating Officer, SSGA Funds Management, Inc. (2005 - Present)*; Managing Director, State Street Global Advisors (2005 - present).* | |||
MICHAEL P. RILEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Vice President | Term: Unlimited Served: since February 2005 | Managing Director, State Street Global Advisors (2005 - present).* | |||
JOSHUA A. WEINBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1978 | Chief Legal Officer | Term: Unlimited Served: since February 2015 | Managing Director and Managing Counsel, State Street Global Advisors (2011 - present); Clerk, SSGA Funds Management, Inc. (2013 - present); Associate, Financial Services Group, Dechert LLP (2006 - 2011). | |||
JESSE D. HALLEE State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02210 1976 | Secretary | Term: Unlimited Served: since August 2017 | Vice President and Senior Counsel, State Street Bank and Trust Company (2013 – present); Vice President and Counsel, Brown Brothers Harriman & Co. (2007- 2013).** |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
ESTEFANIA SALOMON State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02111 1983 | Assistant Secretary | Term: Unlimited Served: since May 2018 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (2018 – present); Senior Compliance Consultant, AdvisorAssist, LLC (2017); Attorney, Commonwealth of Massachusetts, Securities Division (2014-2017). | |||
CHAD C. HALLETT SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Deputy Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (November 2014 - present); Vice President, State Street Bank and Trust Company (2001 - November 2014).* | |||
DARLENE ANDERSON-VASQUEZ SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1968 | Deputy Treasurer | Term: Unlimited Served: since November 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (May 2016 - present); Senior Vice President, John Hancock Investments (September 2007 - May 2016). | |||
ARTHUR A. JENSEN SSGA Funds Management, Inc. 1600 Summer Street Stamford, CT 06905 1966 | Deputy Treasurer | Term: Unlimited Served: Since August 2017 | Vice President at State Street Global Advisors (July 2016 – present); Mutual Funds Controller of GE Asset Management Incorporated (April 2011 - July 2016); | |||
SUJATA UPRETI SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1974 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Assistant Director, Cambridge Associates, LLC (July 2014 - January 2015); Vice President, Bank of New York Mellon (July 2012 - August 2013); Manager, PricewaterhouseCoopers, LLP (September 2003 - July 2012). | |||
DANIEL FOLEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1972 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (April 2007 - present).* | |||
DANIEL G. PLOURDE SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1980 | Assistant Treasurer | Term: Unlimited Served: since May 2017 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Officer, State Street Bank and Trust Company (March 2009 - May 2015). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
BRIAN HARRIS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1973 | Chief Compliance Officer; Anti- Money Laundering Officer; Code of Ethics Compliance Officer | Term: Unlimited Served: since November 2013 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (June 2013 - present)*; Senior Vice President and Global Head of Investment Compliance, BofA Global Capital Management (2010 - 2013). | |||
* Served in various capacities and/or with various affiliated entities during noted time period. | ||||||
** Served in various capacities and/or with unaffiliated mutual funds or closed-end funds for which State Street Bank and Trust Company or its affiliates act as a provider of services during the noted time period. | ||||||
The Trust's Statement of Additional Information (SAI) includes additional information about Funds' directors and is available, without charge, upon request and by calling 1-866-787-2257. |
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One Iron Street
Boston, MA 02210
One Iron Street
Boston, MA 02210
and Transfer Agent
One Lincoln Street
Boston, MA 02111
1111 Pennsylvania Avenue, NW
Washington, DC 20004
101 Seaport Boulevard
Suite 500
Boston, MA 02210
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The Funds are not sponsored, endorsed, sold, or promoted by Stoxx, S&P Dow Jones Indices LLC, MSCI Inc., and Russell Investment Group. Neither do these companies make any representation regarding the advisability of investing in the Funds. The Funds are distributed by State Street Global Advisors Funds Distributors, LLC, an indirect wholly-owned subsidiary of State Street Corporation. State Street Global Advisors Funds Distributors, LLC is a member of FINRA, SIPC. References to State Street may include State Street Corporation and its affiliates. Shares of the Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. Fund shares are subject to investment risks, including possible loss of the principal invested. The Funds pay State Street for its services as investment adviser, administrator and securities lending agent.
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SPDR Portfolio Emerging Markets ETF |
SPDR Portfolio Developed World ex-US ETF (formerly, SPDR Portfolio World ex-US ETF) |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Emerging BMI Index | Net Value Asset | Market Value | S&P Emerging BMI Index | ||||
ONE YEAR | – 1.88% | – 2.47% | – 2.11% | – 1.88% | – 2.47% | – 2.11% | |||
FIVE YEARS | 20.34% | 20.48% | 21.37% | 3.77% | 3.80% | 3.95% | |||
TEN YEARS | 67.92% | 66.55% | 74.45% | 5.32% | 5.23% | 5.72% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Tencent Holdings, Ltd. | 4.5% | ||
Alibaba Group Holding, Ltd. ADR | 3.9 | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 2.7 | ||
Naspers, Ltd. Class N | 1.9 | ||
China Construction Bank Corp. Class H | 1.7 | ||
Baidu, Inc. ADR | 1.3 | ||
Industrial & Commercial Bank of China, Ltd. Class H | 1.2 | ||
China Mobile, Ltd. | 1.1 | ||
Ping An Insurance Group Co. of China, Ltd. Class H | 1.0 | ||
Housing Development Finance Corp., Ltd. | 1.0 | ||
TOTAL | 20.3% |
% of Net Assets | |||
Financials | 24.6% | ||
Communication Services | 13.6 | ||
Information Technology | 11.7 | ||
Consumer Discretionary | 10.9 | ||
Energy | 8.9 | ||
Materials | 7.8 | ||
Consumer Staples | 6.6 | ||
Industrials | 6.1 | ||
Real Estate | 3.5 | ||
Health Care | 2.8 | ||
Utilities | 2.5 | ||
Short-Term Investments | 2.1 | ||
Liabilities in Excess of Other Assets | (1.1) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Developed Ex-US BMI Index | Net Value Asset | Market Value | S&P Developed Ex-US BMI Index | ||||
ONE YEAR | 3.28% | 2.91% | 3.03% | 3.28% | 2.91% | 3.03% | |||
FIVE YEARS | 25.92% | 25.82% | 26.50% | 4.72% | 4.70% | 4.81% | |||
TEN YEARS | 73.57% | 69.41% | 76.79% | 5.67% | 5.41% | 5.86% | |||
(Based on Net Asset Value)
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Description | % of Net Assets | ||
Nestle SA | 1.3% | ||
Novartis AG | 1.1 | ||
Samsung Electronics Co., Ltd. GDR | 1.0 | ||
Roche Holding AG | 0.9 | ||
HSBC Holdings PLC | 0.9 | ||
TOTAL SA | 0.8 | ||
Toyota Motor Corp. | 0.8 | ||
Royal Dutch Shell PLC Class A | 0.8 | ||
BP PLC | 0.8 | ||
Royal Dutch Shell PLC Class B | 0.6 | ||
TOTAL | 9.0% |
% of Net Assets | |||
Financials | 19.6% | ||
Industrials | 14.9 | ||
Consumer Discretionary | 10.4 | ||
Consumer Staples | 10.1 | ||
Health Care | 10.0 | ||
Materials | 8.2 | ||
Information Technology | 7.7 | ||
Energy | 6.5 | ||
Communication Services | 5.4 | ||
Real Estate | 3.6 | ||
Utilities | 3.0 | ||
Short-Term Investments | 2.1 | ||
Liabilities in Excess of Other Assets | (1.5) | ||
TOTAL | 100.0% |
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SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.0% | |||||
BRAZIL – 7.0% | |||||
Ambev SA ADR | 1,550,841 | $ 7,087,343 | |||
Banco Bradesco SA Preference Shares ADR | 1,486,010 | 10,520,951 | |||
Itau Unibanco Holding SA Preference Shares ADR | 1,219,741 | 13,392,756 | |||
Petroleo Brasileiro SA Preference Shares ADR | 767,753 | 8,030,696 | |||
Vale SA ADR | 716,915 | 10,639,019 | |||
Other Securities | 11,467,197 | 54,927,951 | |||
104,598,716 | |||||
CHILE – 1.4% | |||||
Other Securities | 7,101,336 | 20,368,277 | |||
CHINA – 31.7% | |||||
Alibaba Group Holding, Ltd. ADR (a) | 348,954 | 57,493,661 | |||
Baidu, Inc. ADR (a) | 82,104 | 18,775,543 | |||
Bank of China, Ltd. Class H | 22,114,900 | 9,835,251 | |||
China Construction Bank Corp. Class H | 29,580,280 | 25,857,086 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(b)(c) | 310,600 | — | |||
China Life Insurance Co., Ltd. Class H | 2,278,260 | 5,176,739 | |||
China Merchants Bank Co., Ltd. Class H | 1,500,423 | 6,097,644 | |||
China Mobile, Ltd. | 1,658,102 | 16,348,141 | |||
China Overseas Land & Investment, Ltd. | 1,711,200 | 5,357,819 | |||
China Petroleum & Chemical Corp. Class H | 8,199,643 | 8,215,466 | |||
CNOOC, Ltd. | 4,989,355 | 9,883,194 | |||
Coolpad Group, Ltd. (a)(c) | 253,600 | — | |||
Industrial & Commercial Bank of China, Ltd. Class H | 23,844,590 | 17,430,390 | |||
JD.com, Inc. ADR (a) | 261,422 | 6,820,500 | |||
National Agricultural Holdings, Ltd. (a)(b)(c) | 72,000 | 5,475 | |||
NetEase, Inc. ADR | 25,843 | 5,898,665 | |||
PetroChina Co., Ltd. Class H | 6,756,970 | 5,474,727 | |||
Ping An Insurance Group Co. of China, Ltd. Class H (b) | 1,491,500 | 15,153,452 | |||
Tencent Holdings, Ltd. | 1,600,124 | 66,091,589 | |||
Other Securities | 203,656,494 | 190,478,025 | |||
470,393,367 | |||||
COLOMBIA – 0.5% | |||||
Other Securities | 4,726,272 | 7,939,244 | |||
CZECH REPUBLIC – 0.3% | |||||
Other Securities | 140,524 | 4,344,877 | |||
EGYPT – 0.4% | |||||
Other Securities | 2,391,288 | 5,291,277 | |||
GREECE – 0.3% | |||||
Other Securities | 2,351,185 | 3,780,718 |
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SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
HONG KONG – 1.2% | |||||
Asian Citrus Holdings, Ltd. (a)(c) | 51,000 | $ — | |||
China Fiber Optic Network System Group, Ltd. (a)(c) | 88,800 | — | |||
Hanergy Thin Film Power Group, Ltd. (a)(c) | 856,000 | — | |||
Hua Han Health Industry Holdings, Ltd. (a)(b)(c) | 283,600 | — | |||
Other Securities | 65,872,553 | 18,103,385 | |||
18,103,385 | |||||
HUNGARY – 0.6% | |||||
Other Securities | 456,967 | 9,033,321 | |||
INDIA – 12.7% | |||||
CORE Education & Technologies, Ltd. (a)(c) | 9,253 | — | |||
Era Infra Engineering, Ltd. (a)(c) | 2,941 | — | |||
HDFC Bank, Ltd. | 494,261 | 13,677,918 | |||
Hindustan Unilever, Ltd. | 352,574 | 7,822,872 | |||
Housing Development Finance Corp., Ltd. | 589,919 | 14,278,009 | |||
ICICI Bank, Ltd. ADR | 744,874 | 6,323,980 | |||
Infosys, Ltd. ADR | 1,356,711 | 13,797,751 | |||
Maruti Suzuki India, Ltd. | 64,129 | 6,500,437 | |||
REI Agro, Ltd. (a)(c) | 1,873,023 | — | |||
Reliance Industries, Ltd. GDR (d) | 388,721 | 13,352,566 | |||
Tata Consultancy Services, Ltd. | 345,063 | 10,394,731 | |||
Other Securities | 55,545,108 | 102,695,672 | |||
188,843,936 | |||||
INDONESIA – 2.5% | |||||
Bank Central Asia Tbk PT | 4,733,748 | 7,671,712 | |||
Sigmagold Inti Perkasa Tbk PT (a)(c) | 1,312,600 | — | |||
Other Securities | 144,146,795 | 29,546,953 | |||
37,218,665 | |||||
MACAU – 0.0% (e) | |||||
Other Security | 35,000 | 2,460 | |||
MALAYSIA – 2.5% | |||||
Other Securities | 49,637,686 | 37,220,189 | |||
MEXICO – 3.5% | |||||
America Movil SAB de CV Series L | 8,188,410 | 6,586,023 | |||
Fomento Economico Mexicano SAB de CV | 668,696 | 6,622,144 | |||
Grupo Financiero Banorte SAB de CV Series O | 686,883 | 4,970,000 | |||
Wal-Mart de Mexico SAB de CV | 1,800,284 | 5,490,605 | |||
Other Securities | 18,364,664 | 28,694,839 | |||
52,363,611 |
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SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
MONACO – 0.0% (e) | |||||
Other Security | 7,241 | $ 143,010 | |||
NETHERLANDS – 0.0% (e) | |||||
Other Security | 163,771 | 474,936 | |||
PERU – 0.8% | |||||
Credicorp, Ltd. | 29,460 | 6,571,937 | |||
Other Securities | 2,227,126 | 5,698,107 | |||
12,270,044 | |||||
PHILIPPINES – 1.2% | |||||
Other Securities | 52,292,245 | 18,395,254 | |||
POLAND – 1.2% | |||||
Other Securities | 1,807,966 | 17,561,578 | |||
QATAR – 0.7% | |||||
Other Securities | 747,885 | 10,230,330 | |||
RUSSIA – 4.3% | |||||
Gazprom PJSC ADR | 1,892,123 | 9,460,615 | |||
LUKOIL PJSC ADR | 137,559 | 10,550,775 | |||
Novatek PJSC GDR | 27,590 | 5,076,560 | |||
Tatneft PJSC ADR (b) | 86,178 | 6,592,617 | |||
Other Securities | 3,992,755 | 32,529,792 | |||
64,210,359 | |||||
SINGAPORE – 0.0% (e) | |||||
Other Security | 11,371 | 80,273 | |||
SOUTH AFRICA – 6.6% | |||||
FirstRand, Ltd. | 1,178,827 | 5,653,705 | |||
Naspers, Ltd. Class N | 126,817 | 27,347,395 | |||
Sasol, Ltd. | 148,642 | 5,751,149 | |||
Standard Bank Group, Ltd. | 407,450 | 5,038,689 | |||
Other Securities | 14,833,217 | 54,264,677 | |||
98,055,615 | |||||
TAIWAN – 14.8% | |||||
Formosa Chemicals & Fibre Corp. | 1,211,243 | 5,077,755 | |||
Formosa Plastics Corp. | 1,717,714 | 6,582,142 | |||
Fubon Financial Holding Co., Ltd. | 2,900,903 | 4,921,455 | |||
Hon Hai Precision Industry Co., Ltd. | 4,594,495 | 11,917,728 | |||
Pihsiang Machinery Manufacturing Co., Ltd. (c) | 51,000 | — | |||
ProMOS Technologies, Inc. (a)(c) | 257 | — | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 151,421 | 6,686,751 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4,635,500 | 39,852,578 | |||
Transasia Airways Corp. (c) | 361,784 | — |
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SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Wei Mon Industry Co., Ltd. (a)(c) | 240,450 | $ — | |||
Other Securities | 127,247,737 | 144,862,229 | |||
219,900,638 | |||||
THAILAND – 3.3% | |||||
PTT PCL (f) | 3,226,726 | 5,412,798 | |||
Other Securities | 129,415,240 | 43,807,735 | |||
49,220,533 | |||||
TURKEY – 0.8% | |||||
Other Securities | 7,843,480 | 11,496,870 | |||
UNITED ARAB EMIRATES – 0.7% | |||||
Other Securities | 14,515,834 | 9,692,145 | |||
UNITED KINGDOM – 0.0% (e) | |||||
Other Security | 837 | 171 | |||
TOTAL COMMON STOCKS (Cost $1,600,063,927) | 1,471,233,799 | ||||
PREFERRED STOCKS - 0.0% (e) | |||||
SOUTH AFRICA – 0.0% (e) | |||||
Other Security (cost: $147,392) | 32,130 | 139,634 | |||
WARRANTS - 0.0% (e) | |||||
INDONESIA – 0.0% (e) | |||||
Other Security | 1,696,566 | 40,076 | |||
MALAYSIA – 0.0% (e) | |||||
Other Security | 179,301 | 11,698 | |||
SOUTH AFRICA – 0.0% (e) | |||||
Other Security | 335 | 85 | |||
THAILAND – 0.0% (e) | |||||
Other Securities | 32,616 | 470 | |||
TOTAL WARRANTS (Cost $0) | 52,329 | ||||
RIGHTS - 0.0% (e) | |||||
HONG KONG – 0.0% (e) | |||||
Other Security (cost $6,704) | 286,666 | 1,099 | |||
SHORT-TERM INVESTMENTS - 2.1% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (g)(h) | 6,996,511 | 6,996,511 |
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SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
State Street Navigator Securities Lending Government Money Market Portfolio (g)(i) | 23,721,708 | $ 23,721,708 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $30,718,219) | 30,718,219 | ||||
TOTAL INVESTMENTS - 101.1% (Cost $1,630,936,242) | 1,502,145,080 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.1)% | (15,896,847) | ||||
NET ASSETS - 100.0% | $ 1,486,248,233 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of these securities is $5,475, representing less than 0.05% of the Fund's net assets. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 1.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Amount is less than 0.05% of net assets. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $41,995,924 representing 2.8% of net assets. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(i) | Investment of cash collateral for securities loaned. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
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SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/ Depreciation | |||||
MSCI Taiwan Index Futures | 13 | 10/30/2018 | $528,824 | $533,843 | $5,019 |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 104,598,716 | $ — | $ — | $ 104,598,716 | ||||
Chile | 20,368,277 | — | — | 20,368,277 | ||||
China | 470,231,869 | 156,023 | 5,475 | 470,393,367 | ||||
Colombia | 7,939,244 | — | — | 7,939,244 | ||||
Czech Republic | 4,344,877 | — | — | 4,344,877 | ||||
Egypt | 5,291,277 | — | — | 5,291,277 | ||||
Greece | 3,765,032 | 15,686 | — | 3,780,718 | ||||
Hong Kong | 18,094,093 | 9,292 | 0(a) | 18,103,385 | ||||
Hungary | 9,033,321 | — | — | 9,033,321 | ||||
India | 188,770,949 | 72,987 | 0(a) | 188,843,936 | ||||
Indonesia | 37,191,797 | 26,868 | 0(a) | 37,218,665 | ||||
Macau | 2,460 | — | — | 2,460 | ||||
Malaysia | 37,220,070 | 119 | — | 37,220,189 | ||||
Mexico | 51,499,469 | 864,142 | — | 52,363,611 | ||||
Monaco | 143,010 | — | — | 143,010 | ||||
Netherlands | 474,936 | — | — | 474,936 | ||||
Peru | 12,270,044 | — | — | 12,270,044 | ||||
Philippines | 18,395,254 | — | — | 18,395,254 | ||||
Poland | 17,561,578 | — | — | 17,561,578 | ||||
Qatar | 10,230,330 | — | — | 10,230,330 | ||||
Russia | 64,210,359 | — | — | 64,210,359 | ||||
Singapore | 80,273 | — | — | 80,273 | ||||
South Africa | 98,055,615 | — | — | 98,055,615 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Taiwan | $ 219,896,598 | $ 4,040 | $ 0(a) | $ 219,900,638 | ||||
Thailand | 8,413,123 | 40,807,410 | — | 49,220,533 | ||||
Turkey | 11,496,870 | — | — | 11,496,870 | ||||
United Arab Emirates | 9,653,887 | 38,258 | — | 9,692,145 | ||||
United Kingdom | 171 | — | — | 171 | ||||
Preferred Stocks | ||||||||
South Africa | 139,634 | — | — | 139,634 | ||||
Warrants | ||||||||
Indonesia | 40,076 | — | — | 40,076 | ||||
Malaysia | 11,698 | — | — | 11,698 | ||||
South Africa | 85 | — | — | 85 | ||||
Thailand | 470 | — | — | 470 | ||||
Rights | ||||||||
Hong Kong | — | 1,099 | — | 1,099 | ||||
Short-Term Investments | 30,718,219 | — | — | 30,718,219 | ||||
TOTAL INVESTMENTS | $1,460,143,681 | $41,995,924 | $5,475 | $1,502,145,080 | ||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(b) | 5,019 | — | — | 5,019 | ||||
TOTAL INVESTMENTS AND OTHER FINANCIAL INSTRUMENTS | $1,460,148,700 | $41,995,924 | $5,475 | $1,502,150,099 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
(b) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | — | $ — | $163,658,325 | $156,661,814 | $— | $— | 6,996,511 | $ 6,996,511 | $ 64,763 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 8,647,800 | 8,647,800 | 211,830,114 | 196,756,206 | — | — | 23,721,708 | 23,721,708 | 379,768 | ||||||||
Total | $8,647,800 | $375,488,439 | $353,418,020 | $— | $— | $30,718,219 | $444,531 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.4% | |||||
AUSTRALIA – 5.8% | |||||
Australia & New Zealand Banking Group, Ltd. | 466,278 | $ 9,507,244 | |||
BHP Billiton, Ltd. | 532,429 | 13,340,831 | |||
Commonwealth Bank of Australia | 285,335 | 14,742,895 | |||
CSL, Ltd. | 86,164 | 12,537,999 | |||
Westpac Banking Corp. | 539,940 | 10,911,517 | |||
Other Securities | 24,447,914 | 134,403,873 | |||
195,444,359 | |||||
AUSTRIA – 0.3% | |||||
Other Securities | 210,273 | 9,794,003 | |||
BELGIUM – 1.1% | |||||
Anheuser-Busch InBev SA | 163,975 | 14,326,167 | |||
Other Securities | 315,455 | 21,394,636 | |||
35,720,803 | |||||
BERMUDA – 0.0% (a) | |||||
Other Security | 7,760,000 | 58,511 | |||
CANADA – 8.2% | |||||
Bank of Nova Scotia | 201,470 | 11,999,981 | |||
Canadian National Railway Co. | 131,795 | 11,817,299 | |||
Royal Bank of Canada | 238,254 | 19,084,650 | |||
Suncor Energy, Inc. | 323,772 | 12,519,050 | |||
Toronto-Dominion Bank | 331,010 | 20,099,779 | |||
Other Securities | 9,047,567 | 200,215,772 | |||
275,736,531 | |||||
CAYMAN ISLANDS – 0.0% (a) | |||||
Other Security | 1,130,000 | 12,708 | |||
CHILE – 0.0% (a) | |||||
Other Security | 57,804 | 644,493 | |||
CHINA – 0.1% | |||||
Other Securities | 2,541,900 | 4,098,097 | |||
DENMARK – 1.4% | |||||
Novo Nordisk A/S Class B | 329,783 | 15,532,857 | |||
Other Securities | 540,504 | 30,796,514 | |||
46,329,371 | |||||
FINLAND – 0.9% | |||||
Other Securities | 1,822,350 | 31,192,016 | |||
FRANCE – 8.2% | |||||
Airbus SE | 105,203 | 13,218,864 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
BNP Paribas SA | 184,180 | $ 11,275,986 | |||
L'Oreal SA | 40,102 | 9,674,345 | |||
LVMH Moet Hennessy Louis Vuitton SE | 42,348 | 14,982,416 | |||
Sanofi | 201,471 | 17,915,689 | |||
TOTAL SA | 430,363 | 27,912,541 | |||
Other Securities | 4,321,741 | 182,415,429 | |||
277,395,270 | |||||
GERMANY – 7.4% | |||||
Allianz SE | 71,864 | 16,026,241 | |||
BASF SE | 151,212 | 13,444,681 | |||
Bayer AG | 151,616 | 13,473,557 | |||
Daimler AG | 156,759 | 9,895,804 | |||
SAP SE | 175,198 | 21,570,194 | |||
Siemens AG | 137,103 | 17,571,101 | |||
Other Securities | 3,756,668 | 159,030,952 | |||
251,012,530 | |||||
HONG KONG – 2.8% | |||||
AIA Group, Ltd. | 2,074,400 | 18,530,660 | |||
Other Securities | 39,105,730 | 74,185,933 | |||
92,716,593 | |||||
IRELAND – 0.5% | |||||
Irish Bank Resolution Corp., Ltd. (b)(c) | 5,635 | — | |||
Other Securities | 865,989 | 17,446,752 | |||
17,446,752 | |||||
ISRAEL – 0.6% | |||||
Other Securities | 1,864,754 | 19,625,724 | |||
ITALY – 1.8% | |||||
Other Securities | 13,373,446 | 61,993,610 | |||
JAPAN – 23.7% | |||||
Mitsubishi Corp. | 326,738 | 10,070,958 | |||
Mitsubishi UFJ Financial Group, Inc. | 2,252,224 | 14,060,413 | |||
SoftBank Group Corp. | 154,436 | 15,595,201 | |||
Sony Corp. | 217,020 | 13,309,516 | |||
Toyota Motor Corp. | 445,988 | 27,858,299 | |||
Other Securities | 35,073,701 | 718,048,382 | |||
798,942,769 | |||||
JORDAN – 0.0% (a) | |||||
Other Security | 23,470 | 566,212 | |||
LUXEMBOURG – 0.2% | |||||
Other Securities | 226,466 | 6,871,187 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
MACAU – 0.0% (a) | |||||
Other Securities | 230,000 | $ 513,622 | |||
MALTA – 0.0% (a) | |||||
Other Securities | 72,814 | 754,868 | |||
MEXICO – 0.0% (a) | |||||
Other Security | 33,382 | 357,570 | |||
NETHERLANDS – 3.7% | |||||
ASML Holding NV | 72,212 | 13,495,360 | |||
Royal Dutch Shell PLC Class A | 751,391 | 25,833,775 | |||
Royal Dutch Shell PLC Class B | 616,046 | 21,602,203 | |||
Other Securities | 3,187,204 | 62,518,862 | |||
123,450,200 | |||||
NEW ZEALAND – 0.2% | |||||
Other Securities | 2,678,304 | 7,229,869 | |||
NORWAY – 0.8% | |||||
Other Securities | 1,788,057 | 26,010,814 | |||
PORTUGAL – 0.2% | |||||
Other Securities | 2,651,524 | 6,106,776 | |||
SINGAPORE – 1.1% | |||||
Other Securities | 18,321,370 | 36,540,389 | |||
SOUTH AFRICA – 0.0% (a) | |||||
Other Security | 95,100 | 669,185 | |||
SOUTH KOREA – 4.9% | |||||
Digitech Systems Co., Ltd. (b)(c) | 19,094 | — | |||
Samsung Electronics Co., Ltd. GDR | 32,055 | 33,561,585 | |||
Samsung Electronics Co., Ltd. Preference Shares | 121,483 | 4,145,262 | |||
Other Securities | 3,868,278 | 128,219,587 | |||
165,926,434 | |||||
SPAIN – 2.4% | |||||
Banco Santander SA | 2,667,539 | 13,432,876 | |||
Let's GOWEX SA (b)(c)(d) | 4,019 | — | |||
Other Securities | 6,755,996 | 66,583,087 | |||
80,015,963 | |||||
SWEDEN – 2.7% | |||||
Other Securities | 6,344,728 | 90,204,448 | |||
SWITZERLAND – 7.1% | |||||
Nestle SA | 512,116 | 42,896,531 | |||
Novartis AG | 434,482 | 37,541,237 | |||
Roche Holding AG | 123,410 | 30,037,600 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Other Securities | 4,209,358 | $ 127,321,913 | |||
237,797,281 | |||||
UNITED KINGDOM – 13.1% | |||||
Afren PLC (b)(c)(d) | 55,933 | — | |||
AstraZeneca PLC | 228,785 | 17,790,431 | |||
BP PLC | 3,252,994 | 24,998,492 | |||
British American Tobacco PLC | 375,492 | 17,551,870 | |||
Diageo PLC | 457,802 | 16,232,335 | |||
GlaxoSmithKline PLC | 877,029 | 17,576,217 | |||
HSBC Holdings PLC | 3,344,059 | 29,208,764 | |||
Prudential PLC | 426,489 | 9,785,685 | |||
Reckitt Benckiser Group PLC | 110,772 | 10,134,765 | |||
Rio Tinto PLC | 197,492 | 9,992,527 | |||
Unilever NV | 276,943 | 15,428,862 | |||
Unilever PLC | 240,234 | 13,207,760 | |||
Vodafone Group PLC | 4,807,003 | 10,311,798 | |||
Other Securities | 43,529,386 | 250,739,312 | |||
442,958,818 | |||||
UNITED STATES – 0.2% | |||||
Other Securities | 912,932 | 6,756,758 | |||
TOTAL COMMON STOCKS (Cost $3,322,876,015) | 3,350,894,534 | ||||
WARRANTS - 0.0% (a) | |||||
CANADA – 0.0% (a) | |||||
Other Security | 1,711 | 3,111 | |||
FRANCE – 0.0% (a) | |||||
Other Security | 13 | 2 | |||
TOTAL WARRANTS (Cost $9,154) | 3,113 | ||||
RIGHTS - 0.0% (a) | |||||
AUSTRALIA – 0.0% (a) | |||||
Other Security | 5,530 | 3,201 | |||
HONG KONG – 0.0% (a) | |||||
China Smartpay Group (expiring 10/02/18) (b)(c) | 4,268 | — | |||
TOTAL RIGHTS (Cost $0) | 3,201 | ||||
SHORT-TERM INVESTMENTS - 2.1% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e)(f) | 6,540,078 | 6,540,078 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
State Street Navigator Securities Lending Government Money Market Portfolio (e)(g) | 63,672,719 | $ 63,672,719 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $70,212,797) | 70,212,797 | ||||
TOTAL INVESTMENTS - 101.5% (Cost $3,393,097,966) | 3,421,113,645 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.5)% | (49,370,576) | ||||
NET ASSETS - 100.0% | $ 3,371,743,069 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Amount is less than 0.05% of net assets. |
(b) | Non-income producing security. |
(c) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of these securities is $0, representing 0.0% of the Fund's net assets. |
(d) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
GDR | Global Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 195,444,359 | $ — | $— | $ 195,444,359 | ||||
Austria | 9,794,003 | — | — | 9,794,003 | ||||
Belgium | 35,720,803 | — | — | 35,720,803 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Bermuda | $ 58,511 | $ — | $— | $ 58,511 | ||||
Canada | 275,736,531 | — | — | 275,736,531 | ||||
Cayman Islands | 12,708 | — | — | 12,708 | ||||
Chile | 644,493 | — | — | 644,493 | ||||
China | 4,098,097 | — | — | 4,098,097 | ||||
Denmark | 46,329,371 | — | — | 46,329,371 | ||||
Finland | 31,192,016 | — | — | 31,192,016 | ||||
France | 277,395,270 | — | — | 277,395,270 | ||||
Germany | 251,012,530 | — | — | 251,012,530 | ||||
Hong Kong | 92,664,959 | 51,634 | — | 92,716,593 | ||||
Ireland | 17,446,752 | — | 0(a) | 17,446,752 | ||||
Israel | 19,625,724 | — | — | 19,625,724 | ||||
Italy | 61,993,610 | — | — | 61,993,610 | ||||
Japan | 798,942,769 | — | — | 798,942,769 | ||||
Jordan | 566,212 | — | — | 566,212 | ||||
Luxembourg | 6,871,187 | — | — | 6,871,187 | ||||
Macau | 513,622 | — | — | 513,622 | ||||
Malta | 754,868 | — | — | 754,868 | ||||
Mexico | 357,570 | — | — | 357,570 | ||||
Netherlands | 123,450,200 | — | — | 123,450,200 | ||||
New Zealand | 7,229,869 | — | — | 7,229,869 | ||||
Norway | 26,010,814 | — | — | 26,010,814 | ||||
Portugal | 6,106,776 | — | — | 6,106,776 | ||||
Singapore | 36,499,797 | 40,592 | — | 36,540,389 | ||||
South Africa | 669,185 | — | — | 669,185 | ||||
South Korea | 165,860,095 | 66,339 | 0(a) | 165,926,434 | ||||
Spain | 79,980,243 | 35,720 | 0(a) | 80,015,963 | ||||
Sweden | 90,204,448 | — | — | 90,204,448 | ||||
Switzerland | 237,797,281 | — | — | 237,797,281 | ||||
United Kingdom | 442,958,818 | — | 0(a) | 442,958,818 | ||||
United States | 6,756,758 | — | — | 6,756,758 | ||||
Warrants | ||||||||
Canada | 3,111 | — | — | 3,111 | ||||
France | 2 | — | — | 2 | ||||
Rights | ||||||||
Australia | 3,201 | — | — | 3,201 | ||||
Hong Kong | — | — | 0(a) | 0 | ||||
Short-Term Investments | 70,212,797 | — | — | 70,212,797 | ||||
TOTAL INVESTMENTS | $3,420,919,360 | $194,285 | $ 0 | $3,421,113,645 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,169,081 | $ 1,169,081 | $173,379,565 | $168,008,568 | $— | $— | 6,540,078 | $ 6,540,078 | $ 72,423 | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 22,963,226 | 22,963,226 | 576,250,507 | 535,541,014 | — | — | 63,672,719 | 63,672,719 | 990,625 | ||||||||
Total | $24,132,307 | $749,630,072 | $703,549,582 | $— | $— | $70,212,797 | $1,063,048 |
Table of Contents
SPDR Portfolio Emerging Markets ETF | SPDR Portfolio Developed World ex-US ETF | ||
ASSETS | |||
Investments in unaffiliated issuers, at value* | $1,471,426,861 | $3,350,900,848 | |
Investments in affiliated issuers, at value | 30,718,219 | 70,212,797 | |
Total Investments | 1,502,145,080 | 3,421,113,645 | |
Foreign currency, at value | 5,287,078 | 6,143,191 | |
Cash at broker | 16,454 | — | |
Cash | — | 24 | |
Receivable from broker — variation margin on open futures contracts | 4,995 | — | |
Receivable for investments sold | 896,215 | 517,388 | |
Foreign currency contracts sold | — | 1 | |
Dividends receivable — unaffiliated issuers | 2,534,696 | 8,653,098 | |
Dividends receivable — affiliated issuers | 13,505 | 11,690 | |
Securities lending income receivable — unaffiliated issuers | 32,701 | 46,697 | |
Securities lending income receivable — affiliated issuers | 32,830 | 84,106 | |
Receivable for foreign taxes recoverable | 420 | 1,867,556 | |
Other Receivable | — | 24,345 | |
TOTAL ASSETS | 1,510,963,974 | 3,438,461,741 | |
LIABILITIES | |||
Due to Broker | 814,070 | — | |
Payable upon return of securities loaned | 23,721,708 | 63,672,719 | |
Payable for investments purchased | 47,170 | 2,915,794 | |
Deferred foreign taxes payable | — | 24,085 | |
Advisory fee payable | 132,793 | 106,074 | |
TOTAL LIABILITIES | 24,715,741 | 66,718,672 | |
NET ASSETS | $1,486,248,233 | $3,371,743,069 | |
NET ASSETS CONSIST OF: | |||
Paid-in Capital | $1,643,288,701 | $3,332,937,919 | |
Total distributable earnings (loss) | (157,040,468) | 38,805,150 | |
NET ASSETS | $1,486,248,233 | $3,371,743,069 | |
NET ASSET VALUE PER SHARE | |||
Net asset value per share | $ 34.81 | $ 30.76 | |
Shares outstanding (unlimited amount authorized, $0.01 par value) | 42,700,000 | 109,600,000 | |
COST OF INVESTMENTS: | |||
Investments in unaffiliated issuers | $1,600,218,023 | $3,322,885,169 | |
Investments in affiliated issuers | 30,718,219 | 70,212,797 | |
Total cost of investments | $1,630,936,242 | $3,393,097,966 | |
Foreign currency, at cost | $ 5,287,848 | $ 6,162,491 | |
* Includes investments in securities on loan, at value | $ 53,383,527 | $ 108,700,407 | |
**Includes deferred foreign taxes | $ — | $ 24,085 |
Table of Contents
SPDR Portfolio Emerging Markets ETF | SPDR Portfolio Developed World ex-US ETF | ||
INVESTMENT INCOME | |||
Dividend income — unaffiliated issuers | $ 43,914,005 | $ 79,314,346 | |
Dividend income — affiliated issuers | 64,763 | 72,423 | |
Unaffiliated securities lending income | 303,365 | 336,406 | |
Affiliated securities lending income | 379,768 | 990,625 | |
Foreign taxes withheld | (4,742,626) | (7,035,819) | |
TOTAL INVESTMENT INCOME (LOSS) | 39,919,275 | 73,677,981 | |
EXPENSES | |||
Advisory fee | 1,626,918 | 1,064,211 | |
Trustees’ fees and expenses | 22,519 | 36,089 | |
Miscellaneous expenses | 3,029 | 10,264 | |
TOTAL EXPENSES | 1,652,466 | 1,110,564 | |
NET INVESTMENT INCOME (LOSS) | 38,266,809 | 72,567,417 | |
REALIZED AND UNREALIZED GAIN (LOSS) | |||
Net realized gain (loss) on: | |||
Investments — unaffiliated issuers | (21,820,973) | (519,323) | |
In-kind redemptions — unaffiliated issuers | 36,571,025 | (441) | |
Foreign currency transactions | (1,062,911) | (895,895) | |
Futures contracts | 48,834 | — | |
Net realized gain (loss) | 13,735,975 | (1,415,659) | |
Net change in unrealized appreciation/depreciation on: | |||
Investments — unaffiliated issuers* | (173,610,818) | (48,047,820) | |
Foreign currency translations | 20,514 | (87,184) | |
Futures contracts | 6,109 | — | |
Net change in unrealized appreciation/depreciation | (173,584,195) | (48,135,004) | |
NET REALIZED AND UNREALIZED GAIN (LOSS) | (159,848,220) | (49,550,663) | |
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(121,581,411) | $ 23,016,754 | |
* Includes foreign deferred taxes | $ 287,885 | $ (24,085) |
Table of Contents
SPDR Portfolio Emerging Markets ETF | |||
Year Ended 9/30/18(a) | Year Ended 9/30/17(a) | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 38,266,809 | $ 7,916,297 | |
Net realized gain (loss) | 13,735,975 | (718,708) | |
Net change in unrealized appreciation/depreciation | (173,584,195) | 71,340,770 | |
Net increase (decrease) in net assets resulting from operations | (121,581,411) | 78,538,359 | |
Distributions to shareholders(b) | (22,002,213) | (4,140,214) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 1,237,280,090 | 253,169,111 | |
Cost of shares redeemed | (170,565,852) | — | |
Other capital | 681,628 | 85,243 | |
Net increase (decrease) in net assets from beneficial interest transactions | 1,067,395,866 | 253,254,354 | |
Net increase (decrease) in net assets during the period | 923,812,242 | 327,652,499 | |
Net assets at beginning of period | 562,435,991 | 234,783,492 | |
NET ASSETS AT END OF PERIOD(c) | $1,486,248,233 | $562,435,991 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 31,800,000 | 7,800,000 | |
Shares redeemed | (4,700,000) | — | |
Net increase (decrease) | 27,100,000 | 7,800,000 |
(a)After the close of trading on October 13, 2017, the SPDR Portfolio Emerging Markets ETF underwent a 2-for-1 share split. The historical per share activity presented here has been retroactively adjusted to reflect this split. See Note 12. |
(b)For the period ended September 30, 2017, the distributions to shareholders was $4,140,214 from net investment income. See Note 13 on the notes to financial statements. |
(c)Undistributed (distributions in excess of) net investment income amounted to $5,456,624 as of September 30, 2017. See Note 13 on the notes to financial statements. |
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SPDR Portfolio Developed World ex-US ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 72,567,417 | $ 20,021,553 | |
Net realized gain (loss) | (1,415,659) | 10,416,165 | |
Net change in unrealized appreciation/depreciation | (48,135,004) | 118,542,737 | |
Net increase (decrease) in net assets resulting from operations | 23,016,754 | 148,980,455 | |
Distributions to shareholders(a) | (60,014,456) | (21,128,852) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 2,395,365,048 | 341,888,994 | |
Cost of shares redeemed | — | (91,199,248) | |
Other capital | — | 1,822 | |
Net increase (decrease) in net assets from beneficial interest transactions | 2,395,365,048 | 250,691,568 | |
Net increase (decrease) in net assets during the period | 2,358,367,346 | 378,543,171 | |
Net assets at beginning of period | 1,013,375,723 | 634,832,552 | |
NET ASSETS AT END OF PERIOD(b) | $3,371,743,069 | $1,013,375,723 | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 76,400,000 | 12,600,000 | |
Shares redeemed | — | (3,400,000) | |
Net increase (decrease) | 76,400,000 | 9,200,000 |
(a)For the period ended September 30, 2017, the distributions to shareholders was $21,128,852 from net investment income. See Note 13 on the notes to financial statements. |
(b)Undistributed (distributions in excess of) net investment income amounted to $5,551,897 as of September 30, 2017. See Note 13 on the notes to financial statements. |
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SPDR Portfolio Emerging Markets ETF | |||||||||
Year Ended 9/30/18(a) | Year Ended 9/30/17(a) | Year Ended 9/30/16(a) | Year Ended 9/30/15(a) | Year Ended 9/30/14(a) | |||||
Net asset value, beginning of period | $ 36.06 | $ 30.10 | $ 26.21 | $ 33.18 | $ 31.57 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b) | 1.04 | 0.70 | 0.56 | 0.64 | 0.70 | ||||
Net realized and unrealized gain (loss) (c) | (1.71) | 5.64 | 3.91 | (6.94) | 1.43 | ||||
Total from investment operations | (0.67) | 6.34 | 4.47 | (6.30) | 2.13 | ||||
Net equalization credits and charges (b) | — | — | — | 0.00(d) | — | ||||
Other capital | 0.02 | 0.01 | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (0.60) | (0.39) | (0.58) | (0.67) | (0.52) | ||||
Net asset value, end of period | $ 34.81 | $ 36.06 | $ 30.10 | $ 26.21 | $ 33.18 | ||||
Total return (e) | (1.88)% | 21.36% | 17.38% | (19.34)% | 6.73% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $1,486,248 | $562,436 | $234,783 | $188,707 | $285,285 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.12% | 0.59% | 0.59% | 0.59% | 0.59% | ||||
Net investment income (loss) | 2.78% | 2.16% | 2.05% | 2.02% | 2.12% | ||||
Portfolio turnover rate (f) | 10% | 0%(g) | 12% | 18% | 9% |
(a) | After the close of trading on October 13, 2017, the SPDR Portfolio Emerging Markets ETF underwent a 2-for-1 share split. The per share data presented here have been retroactively adjusted to reflect this split. See Note 12. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Amount is less than 0.005%. |
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SPDR Portfolio Developed World ex-US ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 30.52 | $ 26.45 | $ 25.17 | $ 28.46 | $ 28.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 0.97 | 0.70 | 0.69 | 0.71 | 0.89 | ||||
Net realized and unrealized gain (loss) (b) | 0.03 | 4.16 | 1.32 | (3.25) | 0.40 | ||||
Total from investment operations | 1.00 | 4.86 | 2.01 | (2.54) | 1.29 | ||||
Other capital | — | 0.00(c) | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (0.76) | (0.79) | (0.69) | (0.75) | (0.83) | ||||
Net realized gains | — | — | (0.04) | — | — | ||||
Total distributions | (0.76) | (0.79) | (0.73) | (0.75) | (0.83) | ||||
Net asset value, end of period | $ 30.76 | $ 30.52 | $ 26.45 | $ 25.17 | $ 28.46 | ||||
Total return (d) | 3.28% | 18.75% | 8.12% | (9.14)% | 4.52% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $3,371,743 | $1,013,376 | $634,833 | $714,914 | $825,443 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.05% | 0.34% | 0.34% | 0.34% | 0.34% | ||||
Net investment income (loss) | 3.09% | 2.49% | 2.70% | 2.53% | 3.06% | ||||
Portfolio turnover rate (e) | 3% | 5% | 3% | 8% | 17% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR Portfolio Emerging Markets ETF |
SPDR Portfolio Developed World ex-US ETF |
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Asset Derivatives | |||||||||||
Interest Rate Contracts Risk | Foreign Exchange Contracts Risk | Credit Contracts Risk | Equity Contracts Risk | Commodity Contracts Risk | Total | ||||||
SPDR Portfolio Emerging Markets ETF | |||||||||||
Futures Contracts | $— | $— | $— | $4,995 | $— | $4,995 |
Net Realized Gain (Loss) | |||||||||||
Interest Rate Contracts Risk | Foreign Exchange Contracts Risk | Credit Contracts Risk | Equity Contracts Risk | Commodity Contracts Risk | Total | ||||||
SPDR Portfolio Emerging Markets ETF | |||||||||||
Futures Contracts | $— | $— | $— | $48,834 | $— | $48,834 |
Net Change in Unrealized Appreciation (Depreciation) | |||||||||||
Interest Rate Contracts Risk | Foreign Exchange Contracts Risk | Credit Contracts Risk | Equity Contracts Risk | Commodity Contracts Risk | Total | ||||||
SPDR Portfolio Emerging Markets ETF | |||||||||||
Futures Contracts | $— | $— | $— | $6,109 | $— | $6,109 |
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Annual Rate | |
SPDR Portfolio Emerging Markets ETF | 0.11% (1) |
SPDR Portfolio Developed World ex-US ETF | 0.04 (2) |
(1) | Effective October 16, 2017, the advisory fee of the Fund was reduced from 0.59% to 0.11% of the Fund's average daily net assets. |
(2) | Effective October 16, 2017, the advisory fee of the Fund was reduced from 0.34% to 0.04% of the Fund's average daily net assets. |
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Purchases | Sales | ||
SPDR Portfolio Emerging Markets ETF | $460,247,869 | $128,345,478 | |
SPDR Portfolio Developed World ex-US ETF | 233,639,151 | 75,835,303 |
In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains/(Losses) | |||
SPDR Portfolio Emerging Markets ETF | $ 857,113,587 | $116,872,905 | $36,571,025 | ||
SPDR Portfolio Developed World ex-US ETF | 2,233,417,961 | 4,148 | (441) |
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Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR Portfolio Emerging Markets ETF | $22,002,213 | $— | $22,002,213 | ||
SPDR Portfolio Developed World ex-US ETF | 60,014,456 | — | 60,014,456 |
Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR Portfolio Emerging Markets ETF | $ 4,140,214 | $ — | $ 4,140,214 | ||
SPDR Portfolio Developed World ex-US ETF | 21,128,852 | — | 21,128,852 |
Undistributed Ordinary Income | Capital Loss Carryforwards | Undistributed Long-Term Capital Gains | Net Unrealized Gains (Losses) | Qualified Late-Year Losses* | Total | ||||||
SPDR Portfolio Emerging Markets ETF | $23,252,402 | $(47,212,795) | $— | $(133,080,075) | $— | $(157,040,468) | |||||
SPDR Portfolio Developed World ex-US ETF | 23,545,052 | (5,860,517) | — | 21,120,615 | — | 38,805,150 |
* The Funds have elected to defer certain qualified late-year losses and recognize such losses in the next taxable year. |
Expiring 2019 | Non-Expiring Short Term | Non-Expiring Long Term | |||
SPDR Portfolio Emerging Markets ETF | $— | $14,237,975 | $32,974,820 | ||
SPDR Portfolio Developed World ex-US ETF | — | — | 5,860,517 |
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Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
SPDR Portfolio Emerging Markets ETF | $1,635,224,501 | $ 80,911,229 | $213,990,650 | $(133,079,421) | |||
SPDR Portfolio Developed World ex-US ETF | 3,399,892,565 | 229,616,718 | 208,395,638 | 21,221,080 |
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Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received* | Total Collateral Received | ||||
SPDR Portfolio Emerging Markets ETF | $ 53,383,527 | $ 23,721,708 | $ 33,731,809 | $ 57,453,517 | ||||
SPDR Portfolio Developed World ex-US ETF | 108,700,407 | 63,672,719 | 51,189,837 | 114,862,556 |
* | The non-cash collateral includes U.S. Treasuries and U.S. Government Agency securities. |
Remaining Contractual Maturity of the Agreements As of September 30, 2018 | ||||||||||||||
Fund | Securities Lending Transactions | Overnight and Continuous | <30 Days | Between 30 & 90 Days | >90 Days | Total Borrowings | Gross Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR Portfolio Emerging Markets ETF | Common Stocks | $23,721,708 | $— | $— | $— | $23,721,708 | $23,721,708 | |||||||
SPDR Portfolio Developed World ex-US ETF | Common Stocks | 63,672,719 | — | — | — | 63,672,719 | 63,672,719 |
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Boston, Massachusetts
November 26, 2018
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SPDR Portfolio Emerging Markets ETF | SPDR Portfolio Developed World ex-US ETF | |||
Annualized Expense Ratio | 0.11% | 0.04% | ||
Actual: | ||||
Ending Account Value | $ 906.90 | $1,003.50 | ||
Expenses Paid During Period(a) | 0.53 | 0.20 | ||
Hypothetical (assuming a 5% return before expenses): | ||||
Ending Account Value | 1,024.50 | 1,024.90 | ||
Expenses Paid During Period(a) | 0.56 | 0.20 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 183, then divided by 365. |
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Amount | |
SPDR Portfolio Emerging Markets ETF | $4,290,517 |
SPDR Portfolio Developed World ex-US ETF | 4,978,328 |
Amount | |
SPDR Portfolio Emerging Markets ETF | $43,787,133 |
SPDR Portfolio Developed World ex-US ETF | 79,313,430 |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
Trustees | ||||||||||
Independent Trustees | ||||||||||
FRANK NESVET c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1943 | Independent Trustee, Chairman, Trustee Committee Chair | Term: Unlimited Served: since September 2000 | Retired. | 125 | None. | |||||
BONNY EUGENIA BOATMAN c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1950 | Independent Trustee | Term: Unlimited Served: since April 2010 | Retired. | 125 | None. | |||||
DWIGHT D. CHURCHILL c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1953 | Independent Trustee | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2010; CEO and President, CFA Institute (June 2014-January 2015). | 125 | Affiliated Managers Group, Inc. (Director). | |||||
CARL G. VERBONCOEUR c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1952 | Independent Trustee, Audit Committee Chair | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2009. | 125 | The Motley Fool Funds Trust (Trustee). | |||||
CLARE S. RICHER c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, Putnam Investments LLC (December 2008 – May 2017). | 125 | Putnam Acquisition Financing Inc. (Director); Putnam Acquisition Financing LLC (Director); Putnam GP Inc. (Director); Putnam Investor Services, Inc. (Director); Putnam Investments Limited (Director); University of Notre Dame (Trustee). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
SANDRA G. SPONEM c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, M.A. Mortenson Companies, Inc. (February 2007 – April 2017). | 125 | Guggenheim / Rydex Funds (Trustee). | |||||
Interested Trustee | ||||||||||
JAMES E. ROSS* SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1965 | Interested Trustee | Term: Unlimited Served as Trustee: since April 2010 | Chairman and Director, SSGA Funds Management, Inc. (2005-present); Executive Vice President, State Street Global Advisors (2012-present); Chief Executive Officer and Director, State Street Global Advisors Funds Distributors, LLC (May 2017- present); Director, State Street Global Markets, LLC (2013-April 2017); President, SSGA Funds Management, Inc. (2005-2012); Principal, State Street Global Advisors (2000 - 2005). | 195 | SSGA SPDR ETFs Europe I plc (Director) (November 2016- present); SSGA SPDR ETFs Europe II plc (Director) (November 2016- present). | |||||
† For the purpose of determining the number of portfolios overseen by the Trustees, “Fund Complex” comprises registered investment companies for which SSGA Funds Management, Inc. serves as investment adviser. | ||||||||||
* Mr. Ross is an Interested Trustee because of his employment with the Adviser and ownership interest in an affiliate of the Adviser. Mr. Ross previously served as an Interested Trustee from November 2005 to December 2009. |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Officers | ||||||
ELLEN M. NEEDHAM SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 | President | Term: Unlimited Served: since October 2012 | President and Director, SSGA Funds Management, Inc. (2001 - present)*; Senior Managing Director, State Street Global Advisors (1992 - present)*; Director, State Street Global Advisors Funds Distributors, LLC (May 2017 - present). | |||
BRUCE S. ROSENBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1961 | Treasurer | Term: Unlimited Served: since February 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (July 2015 - present); Director, Credit Suisse (April 2008 - July 2015). | |||
ANN M. CARPENTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1966 | Vice President; Deputy Treasurer | Term: Unlimited Served: since August 2012 (witrh respect to Vice President); Unlimited Served: since February 2016 (with respect to Deputy Treasurer) | Chief Operating Officer, SSGA Funds Management, Inc. (2005 - Present)*; Managing Director, State Street Global Advisors (2005 - present).* | |||
MICHAEL P. RILEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Vice President | Term: Unlimited Served: since February 2005 | Managing Director, State Street Global Advisors (2005 - present).* | |||
JOSHUA A. WEINBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1978 | Chief Legal Officer | Term: Unlimited Served: since February 2015 | Managing Director and Managing Counsel, State Street Global Advisors (2011 - present); Clerk, SSGA Funds Management, Inc. (2013 - present); Associate, Financial Services Group, Dechert LLP (2006 - 2011). | |||
JESSE D. HALLEE State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02210 1976 | Secretary | Term: Unlimited Served: since August 2017 | Vice President and Senior Counsel, State Street Bank and Trust Company (2013 – present); Vice President and Counsel, Brown Brothers Harriman & Co. (2007- 2013).** |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
ESTEFANIA SALOMON State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02111 1983 | Assistant Secretary | Term: Unlimited Served: since May 2018 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (2018 – present); Senior Compliance Consultant, AdvisorAssist, LLC (2017); Attorney, Commonwealth of Massachusetts, Securities Division (2014-2017). | |||
CHAD C. HALLETT SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Deputy Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (November 2014 - present); Vice President, State Street Bank and Trust Company (2001 - November 2014).* | |||
DARLENE ANDERSON-VASQUEZ SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1968 | Deputy Treasurer | Term: Unlimited Served: since November 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (May 2016 - present); Senior Vice President, John Hancock Investments (September 2007 - May 2016). | |||
ARTHUR A. JENSEN SSGA Funds Management, Inc. 1600 Summer Street Stamford, CT 06905 1966 | Deputy Treasurer | Term: Unlimited Served: Since August 2017 | Vice President at State Street Global Advisors (July 2016 – present); Mutual Funds Controller of GE Asset Management Incorporated (April 2011 - July 2016); | |||
SUJATA UPRETI SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1974 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Assistant Director, Cambridge Associates, LLC (July 2014 - January 2015); Vice President, Bank of New York Mellon (July 2012 - August 2013); Manager, PricewaterhouseCoopers, LLP (September 2003 - July 2012). | |||
DANIEL FOLEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1972 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (April 2007 - present).* | |||
DANIEL G. PLOURDE SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1980 | Assistant Treasurer | Term: Unlimited Served: since May 2017 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Officer, State Street Bank and Trust Company (March 2009 - May 2015). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
BRIAN HARRIS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1973 | Chief Compliance Officer; Anti- Money Laundering Officer; Code of Ethics Compliance Officer | Term: Unlimited Served: since November 2013 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (June 2013 - present)*; Senior Vice President and Global Head of Investment Compliance, BofA Global Capital Management (2010 - 2013). | |||
* Served in various capacities and/or with various affiliated entities during noted time period. | ||||||
** Served in various capacities and/or with unaffiliated mutual funds or closed-end funds for which State Street Bank and Trust Company or its affiliates act as a provider of services during the noted time period. | ||||||
The Trust's Statement of Additional Information (SAI) includes additional information about Funds' directors and is available, without charge, upon request and by calling 1-866-787-2257. |
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One Iron Street
Boston, MA 02210
One Iron Street
Boston, MA 02210
and Transfer Agent
One Lincoln Street
Boston, MA 02111
1111 Pennsylvania Avenue, NW
Washington, DC 20004
101 Seaport Boulevard
Suite 500
Boston, MA 02210
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The Funds are not sponsored, endorsed, sold, or promoted by Stoxx, S&P Dow Jones Indices LLC, MSCI Inc., and Russell Investment Group. Neither do these companies make any representation regarding the advisability of investing in the Funds. The Funds are distributed by State Street Global Advisors Funds Distributors, LLC, an indirect wholly-owned subsidiary of State Street Corporation. State Street Global Advisors Funds Distributors, LLC is a member of FINRA, SIPC. References to State Street may include State Street Corporation and its affiliates. Shares of the Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. Fund shares are subject to investment risks, including possible loss of the principal invested. The Funds pay State Street for its services as investment adviser, administrator and securities lending agent.
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1 | |
Management’s Discussion of Fund Performance, Performance Summaries & Portfolio Statistics (Unaudited) | |
3 | |
6 | |
9 | |
12 | |
15 | |
18 | |
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24 | |
27 | |
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48 | |
51 | |
Schedules of Investments | |
52 | |
55 | |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | EURO STOXX Small Index | Net Value Asset | Market Value | EURO STOXX Small Index | ||||
ONE YEAR | – 2.59% | – 3.22% | – 2.51% | – 2.59% | – 3.22% | – 2.51% | |||
SINCE INCEPTION(1) | 8.43% | 7.95% | 9.21% | 1.89% | 1.78% | 2.06% | |||
(1) | For the period June 4, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
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Description | % of Net Assets | ||
FinecoBank Banca Fineco SpA | 1.6% | ||
Galapagos NV | 1.5 | ||
Gemalto NV | 1.5 | ||
Merlin Properties Socimi SA REIT | 1.5 | ||
Amer Sports Oyj | 1.4 | ||
Elis SA | 1.4 | ||
Metso Oyj | 1.4 | ||
Amundi SA | 1.4 | ||
Dassault Aviation SA | 1.3 | ||
Cellnex Telecom SA | 1.3 | ||
TOTAL | 14.3% |
% of Net Assets | |||
Industrials | 18.7% | ||
Financials | 18.5 | ||
Communication Services | 11.5 | ||
Health Care | 10.9 | ||
Consumer Staples | 7.9 | ||
Information Technology | 7.7 | ||
Consumer Discretionary | 7.2 | ||
Real Estate | 6.3 | ||
Materials | 5.2 | ||
Energy | 3.0 | ||
Utilities | 2.7 | ||
Short-Term Investments | 5.3 | ||
Liabilities in Excess of Other Assets | (4.9) | ||
TOTAL | 100.0% |
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Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI ACWI IMI Index | Net Value Asset | Market Value | MSCI ACWI IMI Index | ||||
ONE YEAR | 10.17% | 10.00% | 9.63% | 10.17% | 10.00% | 9.63% | |||
FIVE YEARS | 56.03% | 57.20% | 51.70% | 9.31% | 9.47% | 8.69% | |||
SINCE INCEPTION(1) | 88.28% | 88.06% | 83.02% | 10.07% | 10.05% | 9.61% | |||
(1) | For the period February 27, 2012 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (2/27/12, 2/28/12, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Apple, Inc. | 2.1% | ||
Amazon.com, Inc. | 1.7 | ||
Microsoft Corp. | 1.6 | ||
JPMorgan Chase & Co. | 0.9 | ||
Visa, Inc. Class A | 0.8 | ||
Alphabet, Inc. Class A | 0.8 | ||
Alphabet, Inc. Class C | 0.8 | ||
UnitedHealth Group, Inc. | 0.7 | ||
Bank of America Corp. | 0.7 | ||
Cisco Systems, Inc. | 0.6 | ||
TOTAL | 10.7% |
% of Net Assets | |||
Financials | 16.0% | ||
Information Technology | 15.9 | ||
Industrials | 12.8 | ||
Health Care | 12.5 | ||
Consumer Discretionary | 10.3 | ||
Communication Services | 8.1 | ||
Consumer Staples | 7.0 | ||
Energy | 6.5 | ||
Materials | 4.8 | ||
Real Estate | 3.5 | ||
Utilities | 2.2 | ||
Short-Term Investments | 1.7 | ||
Liabilities in Excess of Other Assets | (1.3) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI ACWI Low Carbon Target Index | Net Value Asset | Market Value | MSCI ACWI Low Carbon Target Index | ||||
ONE YEAR | 9.36% | 8.74% | 9.11% | 9.36% | 8.74% | 9.11% | |||
SINCE INCEPTION(1) | 33.06% | 32.68% | 31.79% | 7.70% | 7.62% | 7.43% | |||
(1) | For the period November 25, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (11/25/14, 11/26/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Apple, Inc. | 2.5% | ||
Microsoft Corp. | 1.8 | ||
Amazon.com, Inc. | 1.8 | ||
Alphabet, Inc. Class A | 0.9 | ||
Johnson & Johnson | 0.9 | ||
JPMorgan Chase & Co. | 0.8 | ||
Facebook, Inc. Class A | 0.8 | ||
Alphabet, Inc. Class C | 0.7 | ||
Bank of America Corp. | 0.6 | ||
Visa, Inc. Class A | 0.6 | ||
TOTAL | 11.4% |
% of Net Assets | |||
Financials | 18.6% | ||
Information Technology | 15.8 | ||
Industrials | 12.3 | ||
Health Care | 11.8 | ||
Consumer Discretionary | 10.7 | ||
Communication Services | 9.0 | ||
Consumer Staples | 8.0 | ||
Energy | 4.4 | ||
Materials | 3.5 | ||
Real Estate | 2.9 | ||
Utilities | 2.5 | ||
Short-Term Investments | 1.2 | ||
Liabilities in Excess of Other Assets | (0.7) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value(1) | Market Value(1) | Solactive GBS Canada Large & Mid Cap Index(2) | Net Value Asset(1) | Market Value(1) | Solactive GBS Canada Large & Mid Cap Index(2) | ||||
ONE YEAR | 1.54% | 1.50% | 1.55% | 1.54% | 1.50% | 1.55% | |||
SINCE INCEPTION(3) | 8.43% | 8.62% | 8.67% | 1.90% | 1.94% | 1.95% | |||
(Based on Net Asset Value)
(1) | Effective September 18, 2018, the Fund’s benchmark index changed from the MSCI Canada Factor Mix A-Series Capped Index to the Solactive GBS Canada Large & Mid Cap Index. The Fund’s performance in the tables is based on the Fund’s prior investment strategy to track a different benchmark index for respective periods prior to September 18, 2018. |
(2) | The Solactive GBS Canada Large & Mid Cap Index inception date was July 24, 2018. Index returns represent the Fund’s prior benchmark index from June 11, 2014 through September 17, 2018 and the Solactive GBS Canada Large & Mid Cap Index from September 18, 2018 through September 30, 2018. |
(3) | For the period June 11, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
Table of Contents
Description | % of Net Assets | ||
Royal Bank of Canada | 7.8% | ||
Toronto-Dominion Bank | 7.6 | ||
Bank of Nova Scotia | 5.0 | ||
Canadian National Railway Co. | 4.5 | ||
Suncor Energy, Inc. | 4.3 | ||
Enbridge, Inc. | 3.7 | ||
Bank of Montreal | 3.6 | ||
Canadian Imperial Bank of Commerce | 2.8 | ||
Canadian Natural Resources, Ltd. | 2.6 | ||
BCE, Inc. | 2.4 | ||
TOTAL | 44.3% |
% of Net Assets | |||
Financials | 39.2% | ||
Energy | 19.7 | ||
Industrials | 10.2 | ||
Materials | 8.9 | ||
Communication Services | 6.0 | ||
Information Technology | 4.1 | ||
Consumer Discretionary | 3.7 | ||
Consumer Staples | 3.6 | ||
Utilities | 2.8 | ||
Real Estate | 1.3 | ||
Health Care | 0.0 * | ||
Short-Term Investments | 3.2 | ||
Liabilities in Excess of Other Assets | (2.7) | ||
TOTAL | 100.0% | ||
* | Amount shown represents less than 0.05% of net assets. |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI China A International IMI Index | Net Value Asset | Market Value | MSCI China A International IMI Index | ||||
ONE YEAR | – 20.13% | – 20.05% | – 26.84% | – 20.13% | – 20.05% | – 26.84% | |||
SINCE INCEPTION(1) | – 22.93% | – 22.99% | – 28.09% | – 8.51% | – 8.53% | – 10.67% | |||
(1) | For the period October 28, 2015 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/28/15, 10/29/15, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Kweichow Moutai Co., Ltd. Class A | 3.0% | ||
Ping An Insurance Group Co. of China, Ltd. Class A | 2.7 | ||
China Merchants Bank Co., Ltd. Class A | 2.2 | ||
Midea Group Co., Ltd. Class A | 1.3 | ||
Shanghai Pudong Development Bank Co., Ltd. Class A | 1.0 | ||
Hangzhou Hikvision Digital Technology Co., Ltd. Class A | 1.0 | ||
Wuliangye Yibin Co., Ltd. Class A | 0.9 | ||
Industrial Bank Co., Ltd. Class A | 0.9 | ||
SAIC Motor Corp., Ltd. Class A | 0.9 | ||
Industrial & Commercial Bank of China, Ltd. Class A | 0.9 | ||
TOTAL | 14.8% |
% of Net Assets | |||
Financials | 21.9% | ||
Industrials | 15.6 | ||
Consumer Discretionary | 10.9 | ||
Consumer Staples | 10.1 | ||
Materials | 10.0 | ||
Information Technology | 8.9 | ||
Health Care | 7.4 | ||
Real Estate | 5.0 | ||
Energy | 3.2 | ||
Utilities | 3.1 | ||
Communication Services | 2.2 | ||
Short-Term Investment | 0.8 | ||
Other Assets in Excess of Liabilities | 0.9 | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI EAFE ex Fossil Fuels Index | Net Value Asset | Market Value | MSCI EAFE ex Fossil Fuels Index | ||||
ONE YEAR | 1.48% | 0.95% | 1.39% | 1.48% | 0.95% | 1.39% | |||
SINCE INCEPTION(1) | 22.67% | 23.05% | 22.39% | 11.13% | 11.30% | 11.01% | |||
(1) | For the period October 24, 2016 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/24/16, 10/25/16, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Nestle SA | 2.0% | ||
Novartis AG | 1.4 | ||
HSBC Holdings PLC | 1.3 | ||
Roche Holding AG | 1.3 | ||
Toyota Motor Corp. | 1.1 | ||
SAP SE | 0.9 | ||
AIA Group, Ltd. | 0.8 | ||
British American Tobacco PLC | 0.8 | ||
Sanofi | 0.8 | ||
GlaxoSmithKline PLC | 0.7 | ||
TOTAL | 11.1% |
% of Net Assets | |||
Financials | 21.5% | ||
Industrials | 15.9 | ||
Consumer Staples | 12.2 | ||
Health Care | 12.1 | ||
Consumer Discretionary | 12.0 | ||
Information Technology | 6.7 | ||
Materials | 6.6 | ||
Communication Services | 6.0 | ||
Real Estate | 3.7 | ||
Utilities | 2.4 | ||
Energy | 0.4 | ||
Short-Term Investments | 1.9 | ||
Liabilities in Excess of Other Assets | (1.4) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI EAFE Factor Mix A-Series Index | Net Value Asset | Market Value | MSCI EAFE Factor Mix A-Series Index | ||||
ONE YEAR | 3.95% | 3.57% | 3.79% | 3.95% | 3.57% | 3.79% | |||
SINCE INCEPTION(1) | 17.89% | 18.12% | 18.33% | 3.88% | 3.92% | 3.97% | |||
(1) | For the period June 4, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Nestle SA | 2.7% | ||
Roche Holding AG | 2.4 | ||
AstraZeneca PLC | 1.3 | ||
Diageo PLC | 1.3 | ||
Novo Nordisk A/S Class B | 1.2 | ||
SAP SE | 1.2 | ||
Unilever NV | 0.9 | ||
CSL, Ltd. | 0.9 | ||
AIA Group, Ltd. | 0.9 | ||
LVMH Moet Hennessy Louis Vuitton SE | 0.9 | ||
TOTAL | 13.7% |
% of Net Assets | |||
Financials | 17.1% | ||
Consumer Staples | 14.7 | ||
Industrials | 14.3 | ||
Health Care | 13.9 | ||
Consumer Discretionary | 11.2 | ||
Communication Services | 6.9 | ||
Materials | 5.7 | ||
Information Technology | 5.5 | ||
Utilities | 4.4 | ||
Real Estate | 3.3 | ||
Energy | 2.4 | ||
Short-Term Investments | 1.1 | ||
Liabilities in Excess of Other Assets | (0.5) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI Emerging Markets ex Fossil Fuels Index | Net Value Asset | Market Value | MSCI Emerging Markets ex Fossil Fuels Index | ||||
ONE YEAR | – 2.41% | – 3.21% | – 2.82% | – 2.41% | – 3.21% | – 2.82% | |||
SINCE INCEPTION(1) | 18.11% | 17.98% | 17.61% | 8.97% | 8.91% | 8.75% | |||
(1) | For the period October 24, 2016 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (10/24/16, 10/25/16, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Tencent Holdings, Ltd. | 5.3% | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4.5 | ||
Samsung Electronics Co., Ltd. | 4.3 | ||
Alibaba Group Holding, Ltd. ADR | 4.2 | ||
Naspers, Ltd. Class N | 2.1 | ||
China Construction Bank Corp. Class H | 1.7 | ||
Baidu, Inc. ADR | 1.5 | ||
China Mobile, Ltd. | 1.4 | ||
Vale SA | 1.2 | ||
Industrial & Commercial Bank of China, Ltd. Class H | 1.2 | ||
TOTAL | 27.4% |
% of Net Assets | |||
Financials | 25.7% | ||
Information Technology | 16.5 | ||
Communication Services | 15.9 | ||
Consumer Discretionary | 11.3 | ||
Materials | 8.6 | ||
Consumer Staples | 7.3 | ||
Industrials | 5.3 | ||
Health Care | 3.0 | ||
Utilities | 2.4 | ||
Real Estate | 2.3 | ||
Energy | 1.1 | ||
Short-Term Investments | 0.4 | ||
Other Assets in Excess of Liabilities | 0.2 | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI Emerging Markets Factor Mix A-Series Index | Net Value Asset | Market Value | MSCI Emerging Markets Factor Mix A-Series Index | ||||
ONE YEAR | 0.23% | – 0.80% | 0.90% | 0.23% | – 0.80% | 0.90% | |||
SINCE INCEPTION(1) | 7.99% | 7.51% | 11.40% | 1.79% | 1.69% | 2.53% | |||
(1) | For the period June 4, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Taiwan Semiconductor Manufacturing Co., Ltd. | 3.3% | ||
Samsung Electronics Co., Ltd. | 2.1 | ||
Tencent Holdings, Ltd. | 2.0 | ||
SK Hynix, Inc. | 1.9 | ||
Tata Consultancy Services, Ltd. | 1.7 | ||
Infosys, Ltd. ADR | 1.2 | ||
China Construction Bank Corp. Class H | 1.2 | ||
Samsung Electronics Co., Ltd. GDR | 1.1 | ||
Bank Central Asia Tbk PT | 1.1 | ||
China Mobile, Ltd. | 1.1 | ||
TOTAL | 16.7% |
% of Net Assets | |||
Financials | 21.9% | ||
Information Technology | 21.5 | ||
Communication Services | 11.3 | ||
Consumer Staples | 11.1 | ||
Consumer Discretionary | 8.6 | ||
Energy | 6.7 | ||
Industrials | 5.1 | ||
Materials | 4.3 | ||
Utilities | 3.9 | ||
Health Care | 3.5 | ||
Real Estate | 1.5 | ||
Short-Term Investments | 1.1 | ||
Liabilities in Excess of Other Assets | (0.5) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value(1) | Market Value(1) | Solactive GBS Germany Large & Mid Cap Index(2) | Net Value Asset(1) | Market Value(1) | Solactive GBS Germany Large & Mid Cap Index(2) | ||||
ONE YEAR | – 1.64% | – 2.21% | – 1.69% | – 1.64% | – 2.21% | – 1.69% | |||
SINCE INCEPTION(3) | 10.45% | 10.05% | 10.70% | 2.34% | 2.25% | 2.39% | |||
(Based on Net Asset Value)
(1) | Effective September 18, 2018, the Fund’s benchmark index changed from the MSCI Germany Factor Mix A-Series Capped Index to the Solactive GBS Germany Large & Mid Cap Index. The Fund’s performance in the tables is based on the Fund’s prior investment strategy to track a different benchmark index for respective periods prior to September 18, 2018. |
(2) | The Solactive GBS Germany Large & Mid Cap Index inception date was July 24, 2018. Index returns represent the Fund’s prior benchmark index from June 11, 2014 through September 17, 2018 and the Solactive GBS Germany Large & Mid Cap Index from September 18, 2018 through September 30, 2018. |
(3) | For the period June 11, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
Table of Contents
Description | % of Net Assets | ||
SAP SE | 10.0% | ||
Siemens AG | 8.1 | ||
Allianz SE | 7.7 | ||
Bayer AG | 6.7 | ||
BASF SE | 6.6 | ||
Daimler AG | 4.6 | ||
Deutsche Telekom AG | 4.2 | ||
adidas AG | 4.0 | ||
Linde AG | 3.3 | ||
Deutsche Post AG | 2.8 | ||
TOTAL | 58.0% |
% of Net Assets | |||
Consumer Discretionary | 17.2% | ||
Financials | 15.8 | ||
Materials | 13.4 | ||
Industrials | 12.5 | ||
Health Care | 12.5 | ||
Information Technology | 11.9 | ||
Communication Services | 5.2 | ||
Consumer Staples | 3.4 | ||
Real Estate | 3.4 | ||
Utilities | 3.3 | ||
Short-Term Investment | 0.1 | ||
Other Assets in Excess of Liabilities | 1.3 | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value(1) | Market Value(1) | Solactive GBS Japan Large & Mid Cap Index(2) | Net Value Asset(1) | Market Value(1) | Solactive GBS Japan Large & Mid Cap Index(2) | ||||
ONE YEAR | 9.52% | 9.22% | 9.73% | 9.52% | 9.22% | 9.73% | |||
SINCE INCEPTION(3) | 42.14% | 41.95% | 43.87% | 8.51% | 8.47% | 8.82% | |||
(Based on Net Asset Value)
(1) | Effective September 18, 2018, the Fund’s benchmark index changed from the MSCI Japan Factor Mix A-Series Capped Index to the Solactive GBS Japan Large & Mid Cap Index. The Fund’s performance in the tables is based on the Fund’s prior investment strategy to track a different benchmark index for respective periods prior to September 18, 2018. |
(2) | The Solactive GBS Japan Large & Mid Cap Index inception date was July 24, 2018. Index returns represent the Fund’s prior benchmark index from June 11, 2014 through September 17, 2018 and the Solactive GBS Japan Large & Mid Cap Index from September 18, 2018 through September 30, 2018. |
(3) | For the period June 11, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
Table of Contents
Description | % of Net Assets | ||
Toyota Motor Corp. | 4.1% | ||
SoftBank Group Corp. | 2.3 | ||
Sony Corp. | 2.1 | ||
Mitsubishi UFJ Financial Group, Inc. | 1.9 | ||
Nippon Telegraph & Telephone Corp. | 1.5 | ||
Keyence Corp. | 1.5 | ||
Honda Motor Co., Ltd. | 1.4 | ||
Sumitomo Mitsui Financial Group, Inc. | 1.3 | ||
KDDI Corp. | 1.3 | ||
Mitsubishi Corp. | 1.2 | ||
TOTAL | 18.6% |
% of Net Assets | |||
Industrials | 21.7% | ||
Consumer Discretionary | 18.4 | ||
Financials | 11.0 | ||
Information Technology | 10.1 | ||
Communication Services | 8.6 | ||
Consumer Staples | 8.4 | ||
Health Care | 8.4 | ||
Materials | 6.0 | ||
Real Estate | 3.4 | ||
Utilities | 1.9 | ||
Energy | 1.3 | ||
Short-Term Investments | 4.1 | ||
Liabilities in Excess of Other Assets | (3.3) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value(1) | Market Value(1) | Solactive GBS United Kingdom Large & Mid Cap Index(2) | Net Value Asset(1) | Market Value(1) | Solactive GBS United Kingdom Large & Mid Cap Index(2) | ||||
ONE YEAR | 2.46% | 2.03% | 3.15% | 2.46% | 2.03% | 3.15% | |||
SINCE INCEPTION(3) | 1.59% | 1.34% | 3.67% | 0.37% | 0.31% | 0.84% | |||
(Based on Net Asset Value)
(1) | Effective September 18, 2018, the Fund’s benchmark index changed from the MSCI United Kingdom Factor Mix A-Series Capped Index to the Solactive GBS United Kingdom Large & Mid Cap Index. The Fund’s performance in the tables is based on the Fund’s prior investment strategy to track a different benchmark index for respective periods prior to September 18, 2018. |
(2) | The Solactive GBS United Kingdom Large & Mid Cap Index inception date was July 24, 2018. Index returns represent the Fund’s prior benchmark index from June 11, 2014 through September 17, 2018 and the Solactive GBS United Kingdom Large & Mid Cap Index from September 18, 2018 through September 30, 2018. |
(3) | For the period June 11, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
Table of Contents
Description | % of Net Assets | ||
HSBC Holdings PLC | 6.9% | ||
Royal Dutch Shell PLC Class A | 6.2 | ||
BP PLC | 6.1 | ||
Royal Dutch Shell PLC Class B | 5.2 | ||
British American Tobacco PLC | 4.3 | ||
GlaxoSmithKline PLC | 4.0 | ||
AstraZeneca PLC | 3.9 | ||
Diageo PLC | 3.5 | ||
Reckitt Benckiser Group PLC | 2.5 | ||
Unilever PLC | 2.5 | ||
TOTAL | 45.1% |
% of Net Assets | |||
Financials | 20.6% | ||
Energy | 18.2 | ||
Consumer Staples | 16.7 | ||
Industrials | 9.1 | ||
Health Care | 9.1 | ||
Materials | 7.2 | ||
Communication Services | 7.0 | ||
Consumer Discretionary | 6.4 | ||
Utilities | 2.9 | ||
Real Estate | 1.2 | ||
Information Technology | 0.9 | ||
Short-Term Investment | 0.2 | ||
Other Assets in Excess of Liabilities | 0.5 | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | MSCI World Factor Mix A-Series Index | Net Value Asset | Market Value | MSCI World Factor Mix A-Series Index | ||||
ONE YEAR | 11.93% | 11.89% | 11.61% | 11.93% | 11.89% | 11.61% | |||
SINCE INCEPTION(1) | 45.26% | 44.91% | 43.97% | 9.01% | 8.95% | 8.79% | |||
(1) | For the period June 4, 2014 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Apple, Inc. | 2.6% | ||
Microsoft Corp. | 2.2 | ||
Johnson & Johnson | 1.8 | ||
Facebook, Inc. Class A | 1.4 | ||
Visa, Inc. Class A | 1.3 | ||
Alphabet, Inc. Class C | 1.0 | ||
Procter & Gamble Co. | 1.0 | ||
Alphabet, Inc. Class A | 1.0 | ||
Roche Holding AG | 1.0 | ||
Mastercard, Inc. Class A | 0.9 | ||
TOTAL | 14.2% |
% of Net Assets | |||
Information Technology | 18.3% | ||
Health Care | 14.2 | ||
Financials | 13.2 | ||
Industrials | 11.6 | ||
Consumer Discretionary | 10.1 | ||
Consumer Staples | 9.9 | ||
Communication Services | 9.2 | ||
Utilities | 4.1 | ||
Materials | 3.4 | ||
Real Estate | 2.9 | ||
Energy | 2.7 | ||
Short-Term Investments | 1.0 | ||
Liabilities in Excess of Other Assets | (0.6) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Asia Pacific Emerging BMI Index | Net Value Asset | Market Value | S&P Asia Pacific Emerging BMI Index | ||||
ONE YEAR | 0.63% | – 0.66% | – 0.22% | 0.63% | – 0.66% | – 0.22% | |||
FIVE YEARS | 44.06% | 43.73% | 44.43% | 7.57% | 7.53% | 7.63% | |||
TEN YEARS | 127.91% | 125.24% | 137.75% | 8.59% | 8.46% | 9.05% | |||
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Tencent Holdings, Ltd. | 6.3% | ||
Alibaba Group Holding, Ltd. ADR | 5.4 | ||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 4.6 | ||
China Construction Bank Corp. Class H | 2.2 | ||
Baidu, Inc. ADR | 1.8 | ||
Reliance Industries, Ltd. GDR | 1.8 | ||
Industrial & Commercial Bank of China, Ltd. Class H | 1.7 | ||
China Mobile, Ltd. | 1.7 | ||
Ping An Insurance Group Co. of China, Ltd. Class H | 1.5 | ||
Infosys, Ltd. ADR | 1.3 | ||
TOTAL | 28.3% |
% of Net Assets | |||
Financials | 22.9% | ||
Information Technology | 15.9 | ||
Communication Services | 14.2 | ||
Consumer Discretionary | 13.1 | ||
Energy | 7.1 | ||
Materials | 6.0 | ||
Industrials | 5.8 | ||
Consumer Staples | 5.6 | ||
Health Care | 3.7 | ||
Real Estate | 3.3 | ||
Utilities | 2.3 | ||
Short-Term Investment | 1.1 | ||
Liabilities in Excess of Other Assets | (1.0) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value | Market Value | S&P Global Dividend Aristocrats Index | Net Value Asset | Market Value | S&P Global Dividend Aristocrats Index | ||||
ONE YEAR | 4.23% | 3.77% | 3.87% | 4.23% | 3.77% | 3.87% | |||
FIVE YEARS | 32.46% | 32.51% | 31.10% | 5.78% | 5.79% | 5.57% | |||
SINCE INCEPTION(1) | 41.21% | 41.14% | 39.83% | 6.67% | 6.66% | 6.48% | |||
(1) | For the period May 29, 2013 to September 30, 2018. Since shares of the Fund did not trade in the secondary market until the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/29/13, 5/30/13, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Enbridge Income Fund Holdings, Inc. | 2.0% | ||
Fortum Oyj | 1.9 | ||
EDP - Energias de Portugal SA | 1.8 | ||
GlaxoSmithKline PLC | 1.6 | ||
APA Group | 1.5 | ||
TOTAL SA | 1.5 | ||
RioCan Real Estate Investment Trust REIT | 1.4 | ||
Enagas SA | 1.4 | ||
SCANA Corp. | 1.4 | ||
Hennes & Mauritz AB Class B | 1.4 | ||
TOTAL | 15.9% |
% of Net Assets | |||
Utilities | 23.0% | ||
Financials | 22.8 | ||
Real Estate | 11.3 | ||
Communication Services | 8.2 | ||
Consumer Discretionary | 7.5 | ||
Consumer Staples | 7.3 | ||
Energy | 6.1 | ||
Industrials | 5.4 | ||
Health Care | 4.6 | ||
Information Technology | 1.7 | ||
Materials | 1.6 | ||
Short-Term Investments | 9.2 | ||
Liabilities in Excess of Other Assets | (8.7) | ||
TOTAL | 100.0% |
Table of Contents
Table of Contents
Cumulative Total Return | Average Annual Total Return | ||||||||
Net Asset Value(2) | Market Value(2) | S&P Global Infrastructure Index(2) | Net Value Asset(2) | Market Value(2) | S&P Global Infrastructure Index(2) | ||||
ONE YEAR | – 3.43% | – 3.68% | – 3.78% | – 3.43% | – 3.68% | – 3.78% | |||
FIVE YEARS | 30.66% | 30.94% | 29.05% | 5.49% | 5.54% | 5.23% | |||
TEN YEARS(1) | 50.68% | 48.76% | 64.74% | 4.18% | 4.05% | 5.12% | |||
(1) | Effective May 1, 2013, the Fund changed its benchmark index from the Macquarie Global Infrastructure 100 Index to the S&P Global Infrastructure Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to May 1, 2013. |
(2) | Index returns represent the Fund’s prior investment strategy from September 30, 2008 through April 30, 2013 and the S&P Global Infrastructure Index from May 1, 2013 through September 30, 2018. |
(Based on Net Asset Value)
Table of Contents
Description | % of Net Assets | ||
Transurban Group Stapled Security | 4.9% | ||
Aena SME SA | 4.8 | ||
NextEra Energy, Inc. | 4.0 | ||
Atlantia SpA | 3.6 | ||
Enbridge, Inc. | 3.7 | ||
Duke Energy Corp. | 2.9 | ||
Aeroports de Paris | 2.7 | ||
TransCanada Corp. | 2.6 | ||
Kinder Morgan, Inc. | 2.4 | ||
Williams Cos., Inc. | 2.4 | ||
TOTAL | 34.0% |
% of Net Assets | |||
Transportation Infrastructure | 40.6% | ||
Electric Utilities | 25.0 | ||
Oil, Gas & Consumable Fuels | 19.4 | ||
Multi-Utilities | 13.0 | ||
Gas Utilities | 1.2 | ||
Water Utilities | 0.5 | ||
Independent Power & Renewable Electricity Producers | 0.2 | ||
Short-Term Investments | 2.3 | ||
Liabilities in Excess of Other Assets | (2.2) | ||
TOTAL | 100.0% |
Table of Contents
Description | % of Net Assets | ||
AIA Group, Ltd. | 20.2% | ||
Hong Kong Exchanges & Clearing, Ltd. | 6.3 | ||
CK Hutchison Holdings, Ltd. | 5.8 | ||
Sun Hung Kai Properties, Ltd. | 4.1 | ||
Link REIT | 4.0 | ||
CLP Holdings, Ltd. | 4.0 | ||
Hang Seng Bank, Ltd. | 3.6 | ||
CK Asset Holdings, Ltd. | 3.5 | ||
Hong Kong & China Gas Co., Ltd. | 3.4 | ||
Jardine Matheson Holdings, Ltd. | 3.0 | ||
TOTAL | 57.9% |
% of Net Assets | |||
Financials | 31.9% | ||
Real Estate | 24.0 | ||
Industrials | 13.6 | ||
Utilities | 11.3 | ||
Consumer Discretionary | 11.3 | ||
Health Care | 3.4 | ||
Consumer Staples | 2.0 | ||
Communication Services | 1.3 | ||
Information Technology | 0.7 | ||
Materials | 0.3 | ||
Short-Term Investment | 0.1 | ||
Other Assets in Excess of Liabilities | 0.1 | ||
TOTAL | 100.0% |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
AUSTRIA — 2.1% | |||||
ANDRITZ AG | 6,457 | $ 376,865 | |||
Wienerberger AG | 10,653 | 266,524 | |||
643,389 | |||||
BELGIUM — 7.4% | |||||
Ackermans & van Haaren NV | 2,034 | 354,137 | |||
Cofinimmo SA REIT | 2,022 | 252,234 | |||
Colruyt SA (a) | 4,671 | 264,487 | |||
Galapagos NV (b) | 4,040 | 457,139 | |||
Proximus SADP | 14,244 | 340,484 | |||
Sofina SA | 1,422 | 283,754 | |||
Telenet Group Holding NV (b) | 4,656 | 256,445 | |||
2,208,680 | |||||
FINLAND — 7.7% | |||||
Amer Sports Oyj (b) | 10,561 | 431,784 | |||
Huhtamaki Oyj | 8,679 | 278,327 | |||
Kesko Oyj Class B | 6,189 | 336,351 | |||
Konecranes Oyj | 5,993 | 229,569 | |||
Metso Oyj | 11,600 | 411,478 | |||
Orion Oyj Class B | 9,439 | 357,626 | |||
Valmet Oyj | 12,071 | 269,333 | |||
2,314,468 | |||||
FRANCE — 26.1% | |||||
Air France-KLM (b) | 26,493 | 276,083 | |||
Alten SA | 2,604 | 267,975 | |||
Altran Technologies SA | 20,615 | 178,864 | |||
Amundi SA (c) | 5,485 | 411,173 | |||
BioMerieux (a) | 3,862 | 322,074 | |||
Bollore SA | 82,170 | 355,038 | |||
Christian Dior SE | 569 | 243,870 | |||
Cie Plastic Omnium SA | 5,705 | 215,224 | |||
CNP Assurances | 14,239 | 343,341 | |||
Covivio REIT | 3,644 | 379,867 | |||
Dassault Aviation SA | 212 | 392,503 | |||
Elis SA | 17,526 | 412,829 | |||
Eurazeo SE | 4,433 | 349,355 | |||
Eutelsat Communications SA (a) | 12,528 | 296,264 | |||
ICADE REIT | 2,533 | 234,189 | |||
Iliad SA | 2,552 | 333,466 | |||
Imerys SA | 2,957 | 218,438 | |||
JCDecaux SA | 6,809 | 249,122 | |||
Lagardere SCA | 9,459 | 291,255 | |||
Remy Cointreau SA | 2,160 | 281,492 | |||
Sartorius Stedim Biotech | 2,147 | 295,508 | |||
SEB SA | 2,225 | 378,864 | |||
Societe BIC SA (a) | 2,360 | 216,139 | |||
Sopra Steria Group | 1,496 | 239,963 | |||
SPIE SA (a) | 11,730 | 233,522 | |||
Wendel SA | 2,510 | 373,750 | |||
7,790,168 | |||||
GERMANY — 22.5% | |||||
1&1 Drillisch AG | 4,279 | 208,245 | |||
Aareal Bank AG | 5,425 | 226,967 | |||
Aurubis AG | 3,260 | 228,098 |
Security Description | Shares | Value | |||
Axel Springer SE | 4,479 | $ 301,477 | |||
Bechtle AG | 2,474 | 251,292 | |||
Carl Zeiss Meditec AG | 3,317 | 279,320 | |||
Evotec AG (b) | 10,821 | 230,508 | |||
Fraport AG Frankfurt Airport Services Worldwide | 3,374 | 298,228 | |||
Freenet AG | 11,608 | 279,092 | |||
Fuchs Petrolub SE Preference Shares | 6,300 | 352,116 | |||
Gerresheimer AG | 2,846 | 240,484 | |||
GRENKE AG | 2,478 | 295,591 | |||
Hella GmbH & Co. KGaA | 3,994 | 222,859 | |||
HOCHTIEF AG | 1,648 | 273,341 | |||
Innogy SE (c) | 6,944 | 310,439 | |||
MAN SE | 3,101 | 337,309 | |||
METRO AG | 15,260 | 239,281 | |||
MorphoSys AG (b) | 2,883 | 308,406 | |||
Nemetschek SE | 1,802 | 263,721 | |||
Puma SE | 762 | 376,152 | |||
Siltronic AG | 1,881 | 230,385 | |||
Software AG | 4,445 | 202,694 | |||
TAG Immobilien AG | 13,279 | 316,183 | |||
Telefonica Deutschland Holding AG | 57,482 | 243,092 | |||
Wacker Chemie AG | 1,584 | 199,252 | |||
6,714,532 | |||||
IRELAND — 2.3% | |||||
AIB Group PLC | 71,054 | 363,953 | |||
Glanbia PLC | 18,376 | 316,741 | |||
680,694 | |||||
ITALY — 11.7% | |||||
A2A SpA | 141,984 | 246,547 | |||
Banco BPM SpA (b) | 137,337 | 338,654 | |||
Davide Campari-Milano SpA | 41,104 | 350,190 | |||
DiaSorin SpA | 2,362 | 248,558 | |||
FinecoBank Banca Fineco SpA | 35,624 | 476,459 | |||
Italgas SpA | 44,334 | 240,683 | |||
Pirelli & C SpA (b)(c) | 33,437 | 280,714 | |||
Poste Italiane SpA (c) | 42,311 | 338,210 | |||
Recordati SpA | 9,138 | 309,498 | |||
Saipem SpA (b) | 52,149 | 321,511 | |||
Unione di Banche Italiane SpA (a) | 84,157 | 337,818 | |||
3,488,842 | |||||
LUXEMBOURG — 0.8% | |||||
RTL Group SA | 3,488 | 248,953 | |||
NETHERLANDS — 10.2% | |||||
Aalberts Industries NV | 8,693 | 370,355 | |||
Argenx SE (b) | 2,941 | 222,380 | |||
ASM International NV | 4,038 | 209,133 | |||
Boskalis Westminster (a) | 7,889 | 248,411 | |||
Euronext NV (c) | 4,831 | 317,875 | |||
Gemalto NV (b) | 7,731 | 450,773 | |||
IMCD NV | 4,767 | 371,247 | |||
Koninklijke Vopak NV | 6,008 | 296,158 | |||
SBM Offshore NV | 15,844 | 286,900 | |||
Signify NV (c) | 10,254 | 265,593 | |||
3,038,825 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
PORTUGAL — 1.8% | |||||
Banco Comercial Portugues SA Class R (b) | 732,232 | $ 216,874 | |||
Jeronimo Martins SGPS SA | 22,166 | 326,586 | |||
543,460 | |||||
SPAIN — 7.0% | |||||
Bolsas y Mercados Espanoles SHMSF SA | 6,665 | 215,520 | |||
Cellnex Telecom SA (c) | 14,721 | 386,938 | |||
Inmobiliaria Colonial Socimi SA REIT | 24,137 | 250,914 | |||
Mapfre SA | 90,104 | 282,780 | |||
Merlin Properties Socimi SA REIT | 33,098 | 449,210 | |||
Siemens Gamesa Renewable Energy SA (a)(b) | 20,331 | 257,398 | |||
Viscofan SA | 3,545 | 258,580 | |||
2,101,340 | |||||
TOTAL COMMON STOCKS (Cost $30,752,693) | 29,773,351 |
SHORT-TERM INVESTMENTS — 5.3% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (d) (e) | 1,461 | 1,461 | |
State Street Navigator Securities Lending Government Money Market Portfolio (d) (f) | 1,579,202 | 1,579,202 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $1,580,663) | 1,580,663 | ||
TOTAL INVESTMENTS — 104.9% (Cost $32,333,356) | 31,354,014 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (4.9)% | (1,454,660) | ||
NET ASSETS — 100.0% | $ 29,899,354 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 7.7% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(d) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(e) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(f) | Investment of cash collateral for securities loaned. |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Austria | $ 643,389 | $— | $— | $ 643,389 | ||||
Belgium | 2,208,680 | — | — | 2,208,680 | ||||
Finland | 2,314,468 | — | — | 2,314,468 | ||||
France | 7,790,168 | — | — | 7,790,168 | ||||
Germany | 6,714,532 | — | — | 6,714,532 | ||||
Ireland | 680,694 | — | — | 680,694 | ||||
Italy | 3,488,842 | — | — | 3,488,842 | ||||
Luxembourg | 248,953 | — | — | 248,953 | ||||
Netherlands | 3,038,825 | — | — | 3,038,825 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Portugal | $ 543,460 | $— | $— | $ 543,460 | ||||
Spain | 2,101,340 | — | — | 2,101,340 | ||||
Short-Term Investments | 1,580,663 | — | — | 1,580,663 | ||||
TOTAL INVESTMENTS | $31,354,014 | $— | $— | $31,354,014 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 720 | $720 | $ 232,741 | $ 232,000 | $— | $— | 1,461 | $ 1,461 | $ 94 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | — | — | 13,120,900 | 11,541,698 | — | — | 1,579,202 | 1,579,202 | 13,591 | — | |||||||||
Total | $720 | $13,353,641 | $11,773,698 | $— | $— | $1,580,663 | $13,685 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
AUSTRALIA — 2.3% | |||||
Alumina, Ltd. | 45,024 | $ 90,239 | |||
Amcor, Ltd. | 3,883 | 38,435 | |||
AMP, Ltd. | 13,653 | 31,513 | |||
Australia & New Zealand Banking Group, Ltd. | 3,055 | 62,290 | |||
BHP Billiton PLC | 891 | 19,418 | |||
BHP Billiton, Ltd. | 3,792 | 95,014 | |||
Boral, Ltd. | 17,916 | 89,575 | |||
Brambles, Ltd. | 9,108 | 71,832 | |||
Coca-Cola Amatil, Ltd. | 4,455 | 31,461 | |||
Commonwealth Bank of Australia | 1,007 | 52,030 | |||
CSL, Ltd. | 1,736 | 252,611 | |||
Fortescue Metals Group, Ltd. | 6,774 | 19,213 | |||
Iluka Resources, Ltd. | 1,841 | 13,254 | |||
Insurance Australia Group, Ltd. | 20,818 | 110,260 | |||
LendLease Group | 10,744 | 152,833 | |||
Macquarie Group, Ltd. | 1,823 | 166,251 | |||
National Australia Bank, Ltd. | 4,070 | 81,896 | |||
Newcrest Mining, Ltd. | 2,137 | 30,012 | |||
Origin Energy, Ltd. (a) | 6,772 | 40,473 | |||
Orora, Ltd. | 1,633 | 3,923 | |||
OZ Minerals, Ltd. | 6,550 | 44,217 | |||
QBE Insurance Group, Ltd. | 3,185 | 25,626 | |||
Santos, Ltd. | 5,700 | 29,942 | |||
Scentre Group REIT | 9,506 | 27,306 | |||
Shopping Centres Australasia Property Group REIT | 105,697 | 183,545 | |||
Sonic Healthcare, Ltd. | 5,054 | 91,091 | |||
South32, Ltd. | 3,500 | 9,786 | |||
Suncorp Group, Ltd. | 6,879 | 71,972 | |||
Sydney Airport | 1,022 | 5,095 | |||
Transurban Group Stapled Security | 8,539 | 69,322 | |||
Vicinity Centres REIT | 35,345 | 67,004 | |||
Wesfarmers, Ltd. | 4,161 | 150,083 | |||
Westpac Banking Corp. | 4,599 | 92,940 | |||
Woodside Petroleum, Ltd. | 1,955 | 54,573 | |||
Woolworths Group, Ltd. | 1,571 | 31,918 | |||
2,406,953 | |||||
AUSTRIA — 0.1% | |||||
OMV AG | 1,828 | 102,743 | |||
BELGIUM — 0.3% | |||||
Anheuser-Busch InBev SA | 1,063 | 92,872 | |||
Solvay SA | 618 | 82,907 | |||
UCB SA | 1,607 | 144,469 | |||
320,248 | |||||
BRAZIL — 0.6% | |||||
Ambev SA ADR | 13,851 | 63,299 | |||
Banco Bradesco SA Preference Shares ADR | 12,296 | 87,056 | |||
Cia Energetica de Minas Gerais ADR (b) | 2,225 | 3,805 | |||
Cia Siderurgica Nacional SA ADR (a) | 6,802 | 15,509 | |||
Gerdau SA ADR (b) | 6,148 | 25,883 |
Security Description | Shares | Value | |||
Itau Unibanco Holding SA Preference Shares ADR | 8,831 | $ 96,964 | |||
Petroleo Brasileiro SA Preference Shares ADR | 9,019 | 94,339 | |||
Petroleo Brasileiro SA ADR | 3,500 | 42,245 | |||
TIM Participacoes SA ADR (b) | 2,341 | 33,921 | |||
Vale SA ADR (b) | 10,628 | 157,719 | |||
620,740 | |||||
CANADA — 3.1% | |||||
Aphria, Inc. (a) | 759 | 10,569 | |||
Athabasca Oil Corp. (a) | 74,400 | 91,518 | |||
Aurora Cannabis, Inc. (a)(b) | 1,084 | 10,407 | |||
Australis Capital, Inc. (a) | 31 | 55 | |||
Bank of Montreal | 998 | 82,258 | |||
Bank of Nova Scotia (b) | 1,258 | 74,929 | |||
Barrick Gold Corp. | 1,948 | 21,536 | |||
Bonavista Energy Corp. (b) | 67,900 | 78,269 | |||
Brookfield Asset Management, Inc. Class A | 2,900 | 128,981 | |||
Calfrac Well Services, Ltd. (a)(b) | 2,500 | 8,375 | |||
Cameco Corp. | 2,595 | 29,572 | |||
Canadian Imperial Bank of Commerce (b) | 454 | 42,509 | |||
Canadian National Railway Co. | 1,966 | 176,280 | |||
Canadian Natural Resources, Ltd. | 1,966 | 64,185 | |||
Canadian Pacific Railway, Ltd. | 415 | 87,723 | |||
Canadian Tire Corp., Ltd. Class A (b) | 480 | 56,199 | |||
Canopy Growth Corp. (a)(b) | 325 | 15,777 | |||
Cardinal Energy, Ltd. (b) | 2,600 | 10,721 | |||
Cenovus Energy, Inc. (b) | 2,491 | 24,995 | |||
Corby Spirit and Wine, Ltd. | 700 | 10,918 | |||
Crew Energy, Inc. (a) | 6,600 | 9,599 | |||
Enbridge, Inc. | 2,224 | 71,713 | |||
Encana Corp. | 3,648 | 47,780 | |||
Enerplus Corp. (b) | 2,868 | 35,390 | |||
First Majestic Silver Corp. (a)(b) | 8,767 | 49,715 | |||
First Quantum Minerals, Ltd. | 1,387 | 15,784 | |||
Goldcorp, Inc. | 1,909 | 19,436 | |||
IAMGOLD Corp. (a) | 2,881 | 10,587 | |||
IGM Financial, Inc. (b) | 766 | 21,037 | |||
Imperial Oil, Ltd. | 1,426 | 46,114 | |||
Jamieson Wellness, Inc. | 500 | 10,313 | |||
Just Energy Group, Inc. (b) | 17,449 | 54,132 | |||
Kinross Gold Corp. (a) | 4,219 | 11,489 | |||
Loblaw Cos., Ltd. | 1,599 | 82,090 | |||
Manulife Financial Corp. | 5,117 | 91,406 | |||
National Bank of Canada (b) | 2,698 | 134,650 | |||
NexGen Energy, Ltd. (a) | 5,400 | 10,945 | |||
Nutrien, Ltd. (b) | 1,592 | 91,855 | |||
Obsidian Energy, Ltd. (a)(b) | 1,889 | 1,768 | |||
Onex Corp. | 1,697 | 115,965 | |||
Osisko Mining, Inc. (a)(b) | 7,100 | 12,908 | |||
Paramount Resources, Ltd. Class A (a)(b) | 3,151 | 36,883 | |||
Pengrowth Energy Corp. (a) | 15,000 | 12,997 | |||
PrairieSky Royalty, Ltd. (b) | 26 | 456 | |||
Premier Gold Mines, Ltd. (a) | 6,900 | 9,342 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
ProMetic Life Sciences, Inc. (a)(b) | 96,000 | $ 35,649 | |||
Rogers Communications, Inc. Class B | 2,703 | 138,914 | |||
Royal Bank of Canada | 2,367 | 189,602 | |||
Shaw Communications, Inc. Class B (b) | 1,802 | 35,089 | |||
SNC-Lavalin Group, Inc. (b) | 1,129 | 46,004 | |||
Sun Life Financial, Inc. (b) | 2,789 | 110,796 | |||
Suncor Energy, Inc. | 3,973 | 153,621 | |||
Tamarack Valley Energy, Ltd. (a) | 2,700 | 10,507 | |||
Teck Resources, Ltd. Class B | 1,413 | 34,030 | |||
TELUS Corp. | 3,818 | 140,627 | |||
Theratechnologies, Inc. (a)(b) | 1,400 | 9,401 | |||
TMX Group, Ltd. | 20 | 1,341 | |||
Toronto-Dominion Bank | 3,882 | 235,725 | |||
TransAlta Corp. | 4,425 | 24,888 | |||
TransCanada Corp. (b) | 1,741 | 70,389 | |||
Trinidad Drilling, Ltd. (a)(b) | 7,200 | 10,305 | |||
Wheaton Precious Metals Corp. | 1,271 | 22,222 | |||
Yamana Gold, Inc. (b) | 3,895 | 9,703 | |||
3,308,943 | |||||
CHILE — 0.0% (c) | |||||
Enel Americas SA ADR | 1,348 | 10,420 | |||
Enel Chile SA ADR | 1,283 | 6,428 | |||
Enel Generacion Chile SA ADR | 26 | 540 | |||
Liberty Latin America, Ltd. Class C (a) | 335 | 6,911 | |||
Sociedad Quimica y Minera de Chile SA ADR (b) | 166 | 7,589 | |||
31,888 | |||||
CHINA — 2.9% | |||||
21Vianet Group, Inc. ADR (a) | 1,000 | 10,100 | |||
Agricultural Bank of China, Ltd. Class H | 91,000 | 44,657 | |||
Alibaba Group Holding, Ltd. ADR (a) | 2,232 | 367,744 | |||
Baidu, Inc. ADR (a) | 542 | 123,945 | |||
Bank of China, Ltd. Class H | 181,000 | 80,497 | |||
Bank of Communications Co., Ltd. Class H | 65,000 | 48,761 | |||
Baozun, Inc. ADR (a)(b) | 2,095 | 101,775 | |||
China Construction Bank Corp. Class H | 142,000 | 124,127 | |||
China Life Insurance Co., Ltd. Class H | 25,000 | 56,806 | |||
China Merchants Bank Co., Ltd. Class H | 31,674 | 128,722 | |||
China Mobile, Ltd. | 12,500 | 123,244 | |||
China Overseas Land & Investment, Ltd. | 26,000 | 81,407 | |||
China Petroleum & Chemical Corp. Class H | 77,200 | 77,349 | |||
China Pioneer Pharma Holdings, Ltd. | 390,000 | 87,222 | |||
China Shenhua Energy Co., Ltd. Class H | 12,500 | 28,563 | |||
China Telecom Corp., Ltd. Class H | 78,000 | 38,776 |
Security Description | Shares | Value | |||
China Unicom Hong Kong, Ltd. | 26,000 | $ 30,636 | |||
Chlitina Holding, Ltd. | 1,000 | 7,566 | |||
CITIC, Ltd. | 26,000 | 38,743 | |||
CNOOC, Ltd. | 39,000 | 77,253 | |||
COSCO SHIPPING Ports, Ltd. | 25,317 | 27,857 | |||
Ctrip.com International, Ltd. ADR (a) | 759 | 28,212 | |||
Health and Happiness H&H International Holdings, Ltd. (a) | 19,500 | 117,126 | |||
Hengan International Group Co., Ltd. | 6,500 | 59,975 | |||
Huaneng Power International, Inc. Class H | 52,000 | 34,224 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 143,000 | 104,533 | |||
JD.com, Inc. ADR (a) | 1,301 | 33,943 | |||
NetEase, Inc. ADR | 108 | 24,651 | |||
New Oriental Education & Technology Group, Inc. ADR (a) | 217 | 16,060 | |||
PetroChina Co., Ltd. Class H | 52,000 | 42,132 | |||
Phoenix New Media, Ltd. ADR (a) | 2,300 | 9,706 | |||
PICC Property & Casualty Co., Ltd. Class H | 41,788 | 49,345 | |||
Ping An Insurance Group Co. of China, Ltd. Class H | 13,000 | 132,078 | |||
Q Technology Group Co., Ltd. (b) | 14,000 | 9,053 | |||
Shandong Xinhua Pharmaceutical Co., Ltd. Class H | 137,800 | 71,851 | |||
Sinosoft Technology Group, Ltd. | 29,000 | 8,709 | |||
Sohu.com, Ltd. ADR (a)(b) | 500 | 9,940 | |||
TAL Education Group ADR (a) | 542 | 13,935 | |||
Tencent Holdings, Ltd. | 13,000 | 536,953 | |||
Yanzhou Coal Mining Co., Ltd. Class H | 26,000 | 30,137 | |||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H (d) | 2,800 | 11,647 | |||
Yum China Holdings, Inc. | 1,348 | 47,328 | |||
3,097,288 | |||||
COLOMBIA — 0.0% (c) | |||||
Bancolombia SA ADR | 282 | 11,765 | |||
DENMARK — 0.8% | |||||
AP Moller - Maersk A/S Class B | 65 | 91,319 | |||
Bang & Olufsen A/S (a) | 489 | 11,303 | |||
Danske Bank A/S | 2,211 | 58,096 | |||
DSV A/S | 3,313 | 301,353 | |||
Novo Nordisk A/S Class B | 4,923 | 231,874 | |||
Zealand Pharma A/S (a)(b) | 8,154 | 133,607 | |||
827,552 | |||||
FINLAND — 0.4% | |||||
Fortum Oyj | 1,723 | 43,207 | |||
Metso Oyj | 1,024 | 36,324 | |||
Nokia Oyj | 10,689 | 59,308 | |||
Sampo Oyj Class A | 1,206 | 62,474 | |||
UPM-Kymmene Oyj | 3,934 | 154,444 | |||
Valmet Oyj | 194 | 4,329 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Wartsila OYJ Abp (b) | 3,502 | $ 68,294 | |||
428,380 | |||||
FRANCE — 3.0% | |||||
Accor SA | 2,157 | 110,787 | |||
Airbus SE | 883 | 110,950 | |||
Alstom SA | 1,594 | 71,262 | |||
AXA SA | 4,156 | 111,749 | |||
BNP Paribas SA | 2,206 | 135,057 | |||
Bouygues SA | 1,265 | 54,702 | |||
Capgemini SE | 1,555 | 195,785 | |||
Carrefour SA | 2,718 | 52,090 | |||
Credit Agricole SA | 4,515 | 64,954 | |||
Danone SA | 1,291 | 100,016 | |||
Engie SA | 2,120 | 31,186 | |||
Essilor International Cie Generale d'Optique SA | 802 | 118,723 | |||
Groupe Fnac SA (a) | 1,281 | 101,101 | |||
Hermes International | 14 | 9,279 | |||
Innate Pharma SA (a) | 1,854 | 9,944 | |||
Kering SA | 272 | 145,864 | |||
LVMH Moet Hennessy Louis Vuitton SE | 428 | 151,423 | |||
Orange SA | 6,052 | 96,549 | |||
Pernod Ricard SA | 581 | 95,354 | |||
Pierre & Vacances SA (a) | 315 | 10,263 | |||
Publicis Groupe SA | 1,087 | 64,996 | |||
Renault SA | 1,464 | 126,682 | |||
Sanofi | 1,935 | 172,069 | |||
Schneider Electric SE | 1,400 | 112,689 | |||
Societe Generale SA | 1,763 | 75,704 | |||
Sodexo SA | 1,232 | 130,705 | |||
SRP Groupe SA (a)(b)(d) | 1,433 | 9,421 | |||
TOTAL SA | 3,568 | 231,414 | |||
Unibail-Rodamco-Westfield (e) | 2,800 | 28,606 | |||
Unibail-Rodamco-Westfield (e) | 467 | 93,958 | |||
Vallourec SA (a) | 1,372 | 8,063 | |||
Veolia Environnement SA | 3,719 | 74,254 | |||
Vinci SA | 1,789 | 170,431 | |||
Vivendi SA | 4,561 | 117,448 | |||
3,193,478 | |||||
GERMANY — 2.8% | |||||
adidas AG | 1,063 | 260,393 | |||
AIXTRON SE (a) | 849 | 8,599 | |||
Allianz SE | 998 | 222,562 | |||
BASF SE | 1,607 | 142,883 | |||
Bayer AG | 2,060 | 183,065 | |||
Commerzbank AG (a) | 1,789 | 18,649 | |||
CompuGroup Medical SE | 3,272 | 189,109 | |||
Daimler AG | 2,224 | 140,396 | |||
Deutsche Bank AG | 3,181 | 36,312 | |||
Deutsche Boerse AG | 766 | 102,672 | |||
Deutsche Lufthansa AG | 4,708 | 115,710 | |||
Deutsche Post AG | 3,818 | 136,187 | |||
Deutsche Telekom AG | 6,303 | 101,651 | |||
E.ON SE | 3,947 | 40,251 | |||
Elmos Semiconductor AG | 421 | 8,909 |
Security Description | Shares | Value | |||
Fresenius Medical Care AG & Co. KGaA | 428 | $ 44,035 | |||
Linde AG | 272 | 64,355 | |||
MAN SE | 363 | 39,485 | |||
Merck KGaA | 1,348 | 139,347 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 581 | 128,724 | |||
OSRAM Licht AG | 15 | 597 | |||
Puma SE | 22 | 10,860 | |||
RWE AG | 1,322 | 32,629 | |||
Salzgitter AG | 1,400 | 70,004 | |||
SAP SE | 1,966 | 242,052 | |||
Siemens AG | 1,564 | 200,442 | |||
ThyssenKrupp AG | 2,465 | 62,244 | |||
Uniper SE | 359 | 11,054 | |||
VERBIO Vereinigte BioEnergie AG | 1,460 | 9,971 | |||
Volkswagen AG | 467 | 81,417 | |||
Volkswagen AG Preference Shares | 428 | 75,364 | |||
2,919,928 | |||||
HONG KONG — 1.2% | |||||
AIA Group, Ltd. | 18,200 | 162,581 | |||
Bank of East Asia, Ltd. | 18,322 | 68,372 | |||
CK Asset Holdings, Ltd. | 18,920 | 142,053 | |||
CK Hutchison Holdings, Ltd. | 12,920 | 148,933 | |||
Hang Lung Properties, Ltd. | 13,000 | 25,419 | |||
Henderson Land Development Co., Ltd. | 13,646 | 68,623 | |||
Hong Kong Exchanges & Clearing, Ltd. | 3,841 | 109,955 | |||
Link REIT | 13,058 | 128,579 | |||
New World Development Co., Ltd. | 37,533 | 51,228 | |||
Sands China, Ltd. | 10,400 | 47,116 | |||
Shangri-La Asia, Ltd. | 26,000 | 38,676 | |||
Sun Hung Kai Properties, Ltd. | 12,253 | 178,512 | |||
Swire Pacific, Ltd. Class A | 6,500 | 71,231 | |||
1,241,278 | |||||
HUNGARY — 0.1% | |||||
MOL Hungarian Oil & Gas PLC | 2,385 | 25,694 | |||
Richter Gedeon Nyrt | 2,426 | 45,388 | |||
71,082 | |||||
INDIA — 1.1% | |||||
Dr Reddy's Laboratories, Ltd. ADR | 2,768 | 95,773 | |||
ICICI Bank, Ltd. ADR | 9,499 | 80,646 | |||
Infosys, Ltd. ADR (b) | 24,164 | 245,748 | |||
Larsen & Toubro, Ltd. GDR | 4,060 | 70,400 | |||
Mahindra & Mahindra, Ltd. GDR | 3,137 | 36,703 | |||
Reliance Industries, Ltd. GDR (d) | 4,292 | 147,430 | |||
State Bank of India GDR (a) | 1,809 | 66,843 | |||
Suven Life Sciences, Ltd. | 46,721 | 173,923 | |||
Tata Motors, Ltd. ADR (a)(b) | 2,580 | 39,629 | |||
Tejas Networks, Ltd. (a)(d) | 28,815 | 103,152 | |||
Vedanta, Ltd. ADR | 4,034 | 51,635 | |||
Wipro, Ltd. ADR (b) | 11,504 | 59,936 | |||
1,171,818 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
INDONESIA — 0.4% | |||||
Astra International Tbk PT | 65,900 | $ 32,505 | |||
Bank Central Asia Tbk PT | 59,400 | 96,266 | |||
Bank Mandiri Persero Tbk PT | 118,800 | 53,614 | |||
Bank Rakyat Indonesia Persero Tbk PT | 347,900 | 73,542 | |||
Gudang Garam Tbk PT | 6,500 | 32,300 | |||
Telekomunikasi Indonesia Persero Tbk PT | 436,100 | 106,527 | |||
394,754 | |||||
IRELAND — 0.3% | |||||
Accenture PLC Class A | 1,348 | 229,430 | |||
Cairn Homes PLC (a) | 7,850 | 13,312 | |||
CRH PLC | 2,169 | 70,994 | |||
Hostelworld Group PLC (d) | 4,109 | 11,895 | |||
Prothena Corp. PLC (a) | 700 | 9,156 | |||
334,787 | |||||
ISRAEL — 0.4% | |||||
Bank Hapoalim BM | 9,013 | 66,032 | |||
Bank Leumi Le-Israel BM | 41,050 | 270,829 | |||
Teva Pharmaceutical Industries, Ltd. ADR | 1,542 | 33,215 | |||
370,076 | |||||
ITALY — 0.6% | |||||
Assicurazioni Generali SpA | 3,739 | 64,622 | |||
Atlantia SpA | 1,000 | 20,756 | |||
Enel SpA | 16,473 | 84,417 | |||
Eni SpA | 5,671 | 107,247 | |||
Ferrari NV | 300 | 41,326 | |||
Intesa Sanpaolo SpA | 29,719 | 75,975 | |||
Italgas SpA | 1,864 | 10,119 | |||
Luxottica Group SpA | 400 | 27,188 | |||
Mediaset SpA (a) | 14,615 | 45,681 | |||
Saipem SpA (a) | 1,705 | 10,512 | |||
Snam SpA | 9,328 | 38,885 | |||
Telecom Italia SpA/Milano (a) | 69,438 | 42,181 | |||
UniCredit SpA | 3,947 | 59,433 | |||
628,342 | |||||
JAPAN — 8.1% | |||||
Aisin Seiki Co., Ltd. | 1,300 | 63,292 | |||
Asahi Group Holdings, Ltd. | 1,300 | 56,368 | |||
Asahi Kasei Corp. | 13,000 | 197,200 | |||
Astellas Pharma, Inc. | 6,500 | 113,422 | |||
Bridgestone Corp. | 1,300 | 49,134 | |||
Canon, Inc. | 1,300 | 41,317 | |||
Credit Saison Co., Ltd. | 2,600 | 42,416 | |||
Daiichi Sankyo Co., Ltd. | 3,900 | 169,102 | |||
Daikin Industries, Ltd. | 1,300 | 173,108 | |||
Daiwa Securities Group, Inc. | 13,000 | 79,109 | |||
Denso Corp. | 2,600 | 137,319 | |||
Eisai Co., Ltd. | 1,300 | 126,584 | |||
FUJIFILM Holdings Corp. | 2,600 | 117,084 | |||
Fujitsu, Ltd. | 1,300 | 92,660 | |||
Hitachi, Ltd. | 2,600 | 88,357 | |||
Hokuhoku Financial Group, Inc. | 2,600 | 36,556 | |||
Honda Motor Co., Ltd. | 2,600 | 78,720 |
Security Description | Shares | Value | |||
Hoya Corp. | 2,600 | $ 154,510 | |||
Istyle, Inc. | 500 | 5,929 | |||
ITOCHU Corp. | 3,900 | 71,418 | |||
Japan Tobacco, Inc. | 2,600 | 67,893 | |||
JFE Holdings, Inc. | 2,600 | 59,675 | |||
JSR Corp. | 2,600 | 48,550 | |||
JXTG Holdings, Inc. | 6,500 | 49,117 | |||
Kajima Corp. | 6,500 | 94,480 | |||
Kamigumi Co., Ltd. | 6,500 | 143,294 | |||
Kansai Electric Power Co., Inc. | 2,600 | 39,211 | |||
KDDI Corp. | 7,800 | 215,558 | |||
Kobe Steel, Ltd. | 3,900 | 34,679 | |||
Komatsu, Ltd. (b) | 2,600 | 79,109 | |||
Konica Minolta, Inc. | 6,500 | 69,129 | |||
Kyocera Corp. | 2,600 | 156,112 | |||
Makita Corp. | 2,600 | 130,246 | |||
Marubeni Corp. | 13,000 | 119,030 | |||
Marui Group Co., Ltd. (b) | 5,300 | 130,838 | |||
Mebuki Financial Group, Inc. | 13,900 | 48,094 | |||
Mitsubishi Chemical Holdings Corp. | 6,500 | 62,233 | |||
Mitsubishi Corp. | 2,600 | 80,139 | |||
Mitsubishi Electric Corp. | 13,000 | 178,144 | |||
Mitsubishi Heavy Industries, Ltd. | 1,200 | 46,348 | |||
Mitsubishi UFJ Financial Group, Inc. | 23,300 | 145,460 | |||
Mitsui & Co., Ltd. | 2,600 | 46,250 | |||
Mizuho Financial Group, Inc. | 48,000 | 83,758 | |||
MS&AD Insurance Group Holdings, Inc. | 2,600 | 86,846 | |||
Murata Manufacturing Co., Ltd. | 1,300 | 199,890 | |||
NEC Corp. | 200 | 5,529 | |||
Nintendo Co., Ltd. | 400 | 146,005 | |||
Nippon Steel & Sumitomo Metal Corp. | 3,800 | 80,409 | |||
Nippon Yusen KK (b) | 2,400 | 45,154 | |||
Nissan Motor Co., Ltd. (b) | 5,200 | 48,688 | |||
Nitto Denko Corp. | 1,300 | 97,467 | |||
Nomura Holdings, Inc. | 12,900 | 61,635 | |||
NTT Data Corp. | 6,500 | 90,016 | |||
NTT DOCOMO, Inc. | 2,600 | 69,930 | |||
Obayashi Corp. | 13,000 | 123,150 | |||
ORIX Corp. | 5,200 | 84,328 | |||
Osaka Gas Co., Ltd. | 2,600 | 50,725 | |||
Panasonic Corp. | 7,800 | 90,886 | |||
Resona Holdings, Inc. | 7,800 | 43,833 | |||
Rohm Co., Ltd. | 1,300 | 94,766 | |||
Secom Co., Ltd. | 1,300 | 106,005 | |||
Seven & i Holdings Co., Ltd. | 1,300 | 57,913 | |||
Shin-Etsu Chemical Co., Ltd. | 1,300 | 115,196 | |||
SoftBank Group Corp. | 2,600 | 262,552 | |||
Sompo Holdings, Inc. | 2,600 | 110,766 | |||
Sony Corp. | 3,900 | 239,181 | |||
Sumitomo Chemical Co., Ltd. | 13,000 | 76,110 | |||
Sumitomo Corp. | 2,600 | 43,366 | |||
Sumitomo Electric Industries, Ltd. | 3,900 | 61,186 | |||
Sumitomo Mitsui Financial Group, Inc. | 2,600 | 104,975 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Sumitomo Mitsui Trust Holdings, Inc. | 1,300 | $ 53,518 | |||
T&D Holdings, Inc. | 5,200 | 85,839 | |||
Takeda Pharmaceutical Co., Ltd. (b) | 1,300 | 55,635 | |||
TDK Corp. | 1,300 | 141,806 | |||
Teijin, Ltd. | 2,600 | 49,878 | |||
Terumo Corp. | 2,600 | 154,052 | |||
Tokio Marine Holdings, Inc. | 2,600 | 129,033 | |||
Tokyo Electron, Ltd. (b) | 1,300 | 178,659 | |||
Tokyu Corp. | 6,600 | 120,745 | |||
Toppan Printing Co., Ltd. | 6,500 | 104,437 | |||
Toshiba Corp. (a) | 1,300 | 37,597 | |||
Toyota Motor Corp. | 5,200 | 324,814 | |||
Toyota Tsusho Corp. | 3,900 | 147,299 | |||
UNITED, Inc. (b) | 200 | 4,951 | |||
West Japan Railway Co. | 1,300 | 90,657 | |||
Yamada Denki Co., Ltd. (b) | 5,200 | 26,324 | |||
Yamaha Corp. | 3,800 | 201,400 | |||
8,524,103 | |||||
LUXEMBOURG — 0.0% (c) | |||||
ArcelorMittal | 1,486 | 46,256 | |||
MALAYSIA — 0.1% | |||||
CIMB Group Holdings Bhd | 13,509 | 19,618 | |||
Malayan Banking Bhd | 8,860 | 20,959 | |||
Public Bank Bhd | 5,600 | 33,829 | |||
Tenaga Nasional Bhd | 6,600 | 24,655 | |||
99,061 | |||||
MEXICO — 0.4% | |||||
America Movil SAB de CV Series L | 100,828 | 81,097 | |||
Cemex SAB de CV Series CPO (a) | 51,664 | 36,304 | |||
Fomento Economico Mexicano SAB de CV | 10,364 | 102,636 | |||
Grupo Financiero Banorte SAB de CV Series O | 9,976 | 72,182 | |||
Grupo Mexico SAB de CV Class B | 16,592 | 47,870 | |||
Grupo Televisa SAB Series CPO | 8,815 | 31,368 | |||
Industrias Penoles SAB de CV | 672 | 11,585 | |||
383,042 | |||||
NETHERLANDS — 1.5% | |||||
Akzo Nobel NV | 956 | 89,431 | |||
ASML Holding NV | 948 | 177,167 | |||
Heineken NV | 701 | 65,756 | |||
ING Groep NV | 7,155 | 92,945 | |||
Koninklijke Ahold Delhaize NV | 3,877 | 88,937 | |||
Koninklijke DSM NV | 1,277 | 135,330 | |||
Koninklijke KPN NV | 1,333 | 3,518 | |||
Koninklijke Philips NV | 3,109 | 141,682 | |||
Royal Dutch Shell PLC Class A | 2,485 | 85,437 | |||
Royal Dutch Shell PLC Class B | 12,874 | 451,438 | |||
Wolters Kluwer NV | 3,934 | 245,282 | |||
1,576,923 | |||||
NORWAY — 0.3% | |||||
DNB ASA | 4,884 | 102,708 | |||
Norsk Hydro ASA | 15,014 | 90,085 | |||
Telenor ASA | 3,999 | 78,131 |
Security Description | Shares | Value | |||
Yara International ASA | 832 | $ 40,837 | |||
311,761 | |||||
PERU — 0.0% (c) | |||||
Cia de Minas Buenaventura SAA ADR | 347 | 4,653 | |||
PHILIPPINES — 0.0% (c) | |||||
PLDT, Inc. ADR | 584 | 15,009 | |||
POLAND — 0.0% (c) | |||||
Polski Koncern Naftowy ORLEN SA | 583 | 15,974 | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 1,825 | 21,240 | |||
37,214 | |||||
RUSSIA — 0.3% | |||||
Gazprom PJSC ADR | 870 | 4,324 | |||
LUKOIL PJSC ADR | 1,284 | 98,149 | |||
MMC Norilsk Nickel PJSC ADR (b) | 1,568 | 26,954 | |||
Mobile TeleSystems PJSC ADR | 2,452 | 20,916 | |||
RusHydro PJSC ADR | 628 | 562 | |||
Sberbank of Russia PJSC ADR | 5,014 | 63,578 | |||
Surgutneftegas PJSC ADR | 482 | 2,747 | |||
Tatneft PJSC ADR | 1,189 | 90,958 | |||
308,188 | |||||
SINGAPORE — 0.3% | |||||
CapitaLand, Ltd. | 39,000 | 96,190 | |||
Singapore Exchange, Ltd. | 26,000 | 140,242 | |||
Singapore Press Holdings, Ltd. (b) | 26,000 | 54,613 | |||
Singapore Telecommunications, Ltd. | 13,000 | 30,827 | |||
321,872 | |||||
SOUTH AFRICA — 0.7% | |||||
AngloGold Ashanti, Ltd. | 1,141 | 9,869 | |||
Discovery, Ltd. | 17,068 | 205,039 | |||
FirstRand, Ltd. | 14,379 | 68,962 | |||
Gold Fields, Ltd. | 2,768 | 6,656 | |||
Harmony Gold Mining Co., Ltd. | 2,625 | 4,331 | |||
Impala Platinum Holdings, Ltd. (a) | 1,776 | 3,451 | |||
MTN Group, Ltd. | 5,310 | 32,863 | |||
Naspers, Ltd. Class N | 845 | 182,220 | |||
Old Mutual, Ltd. | 20,199 | 42,719 | |||
Sanlam, Ltd. | 13,313 | 74,424 | |||
Sasol, Ltd. | 1,024 | 39,620 | |||
Standard Bank Group, Ltd. | 3,440 | 42,541 | |||
712,695 | |||||
SOUTH KOREA — 1.7% | |||||
Able C&C Co., Ltd. (a) | 4,947 | 62,883 | |||
Ahnlab, Inc. | 120 | 5,744 | |||
Aprogen pharmaceuticals, Inc. (a) | 2,458 | 8,221 | |||
Cell Biotech Co., Ltd. | 370 | 12,142 | |||
Celltrion, Inc. (a) | 115 | 30,791 | |||
CMG Pharmaceutical Co., Ltd. (a) | 1,314 | 6,835 | |||
CrystalGenomics, Inc. (a) | 473 | 9,935 | |||
Dae Hwa Pharmaceutical Co., Ltd. | 453 | 11,312 | |||
DIO Corp. (a) | 2,094 | 60,786 | |||
E-MART, Inc. | 29 | 5,425 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Genexine Co., Ltd. (a) | 101 | $ 9,469 | |||
Green Cross Cell Corp. | 227 | 15,246 | |||
Hana Financial Group, Inc. | 444 | 17,832 | |||
Hanall Biopharma Co., Ltd. (a) | 284 | 8,347 | |||
Humedix Co., Ltd. | 227 | 6,733 | |||
Huons Co., Ltd. | 120 | 10,710 | |||
Hyundai Construction Equipment Co., Ltd. (a) | 4 | 442 | |||
Hyundai Electric & Energy System Co., Ltd. (a) | 4 | 249 | |||
Hyundai Heavy Industries Co., Ltd. (a) | 35 | 4,244 | |||
Hyundai Heavy Industries Holdings Co., Ltd. (a) | 6 | 2,191 | |||
Hyundai Mobis Co., Ltd. | 181 | 37,203 | |||
Hyundai Motor Co. | 404 | 47,165 | |||
Hyundai Steel Co. | 177 | 9,016 | |||
iNtRON Biotechnology, Inc. (a) | 232 | 8,910 | |||
Jayjun Cosmetic Co., Ltd. (a) | 642 | 10,910 | |||
JW Holdings Corp. | 4,923 | 35,993 | |||
JW Pharmaceutical Corp. | 1,048 | 42,562 | |||
KB Financial Group, Inc. | 979 | 47,836 | |||
Kia Motors Corp. | 325 | 10,284 | |||
Korea Electric Power Corp. ADR (b) | 1,073 | 14,131 | |||
KT&G Corp. | 364 | 34,128 | |||
LG Chem, Ltd. Preference Shares | 550 | 101,149 | |||
LG Electronics, Inc. | 140 | 8,961 | |||
LG Household & Health Care, Ltd. | 57 | 65,569 | |||
Lotte Chemical Corp. | 17 | 4,261 | |||
NAVER Corp. | 103 | 66,485 | |||
NHN Entertainment Corp. (a) | 33 | 1,821 | |||
NUTRIBIOTECH Co., Ltd. (a) | 383 | 7,907 | |||
PHARMA RESEARCH PRODUCTS Co., Ltd. | 158 | 6,388 | |||
POSCO ADR | 1,470 | 97,020 | |||
Samsung C&T Corp. | 171 | 19,963 | |||
Samsung Electronics Co., Ltd. GDR | 442 | 462,774 | |||
Samsung Engineering Co., Ltd. (a) | 385 | 6,699 | |||
Samsung Fire & Marine Insurance Co., Ltd. | 96 | 24,579 | |||
Samsung Heavy Industries Co., Ltd. (a) | 1,057 | 7,699 | |||
Samsung Securities Co., Ltd. | 380 | 11,185 | |||
SeAH Steel Corp. (f) | 1,630 | 100,658 | |||
Sejong Telecom, Inc. (a) | 14,867 | 7,800 | |||
Shinhan Financial Group Co., Ltd. | 979 | 39,716 | |||
SillaJen, Inc. (a) | 89 | 8,216 | |||
SK Holdings Co., Ltd. | 93 | 24,062 | |||
SK Hynix, Inc. | 1,512 | 99,641 | |||
SK Innovation Co., Ltd. | 74 | 14,343 | |||
ViroMed Co., Ltd. (a) | 39 | 8,466 | |||
Whanin Pharmaceutical Co., Ltd. | 783 | 15,106 | |||
1,798,143 | |||||
SPAIN — 0.9% | |||||
Acciona SA | 1,715 | 155,493 | |||
Acerinox SA | 3,933 | 56,280 | |||
ACS Actividades de Construccion y Servicios SA | 3,153 | 134,330 |
Security Description | Shares | Value | |||
Amadeus IT Group SA | 1,307 | $ 121,477 | |||
Banco Bilbao Vizcaya Argentaria SA | 11,710 | 74,670 | |||
Banco Santander SA | 26,691 | 134,407 | |||
Iberdrola SA | 10,896 | 80,212 | |||
Industria de Diseno Textil SA | 2,607 | 79,062 | |||
Repsol SA | 2,053 | 40,931 | |||
Telefonica SA | 9,437 | 74,733 | |||
951,595 | |||||
SWEDEN — 1.0% | |||||
Assa Abloy AB Class B | 4,438 | 89,152 | |||
Atlas Copco AB Class B | 4,130 | 110,132 | |||
Epiroc AB Class B (a) | 4,130 | 42,493 | |||
Nordea Bank AB | 7,167 | 78,059 | |||
Sandvik AB | 3,844 | 68,186 | |||
Securitas AB Class B | 5,974 | 103,953 | |||
Skandinaviska Enskilda Banken AB Class A | 9,039 | 100,867 | |||
Skanska AB Class B | 3,921 | 76,959 | |||
SKF AB Class B | 2,789 | 54,992 | |||
Svenska Handelsbanken AB Class A | 3,667 | 46,285 | |||
Tele2 AB Class B | 2,742 | 32,991 | |||
Telefonaktiebolaget LM Ericsson Class B | 7,317 | 64,900 | |||
Telia Co. AB | 6,303 | 28,931 | |||
Volvo AB Class A | 6,032 | 106,556 | |||
1,004,456 | |||||
SWITZERLAND — 2.7% | |||||
ABB, Ltd. | 5,449 | 129,364 | |||
Adecco Group AG | 1,050 | 55,402 | |||
Cie Financiere Richemont SA | 1,477 | 120,966 | |||
Credit Suisse Group AG (a) | 4,604 | 69,522 | |||
EDAG Engineering Group AG | 616 | 12,292 | |||
Ferguson PLC | 1,080 | 91,756 | |||
Geberit AG | 428 | 199,453 | |||
Givaudan SA | 52 | 128,456 | |||
Glencore PLC (a) | 7,158 | 30,962 | |||
Kuehne + Nagel International AG | 505 | 80,393 | |||
LafargeHolcim, Ltd. (a) | 1,008 | 49,998 | |||
Meyer Burger Technology AG (a)(b) | 14,789 | 10,522 | |||
Nestle SA | 5,222 | 437,412 | |||
Novartis AG | 3,556 | 307,255 | |||
Roche Holding AG | 1,322 | 321,771 | |||
SGS SA | 52 | 137,559 | |||
Swatch Group AG | 156 | 62,333 | |||
Swiss Re AG | 1,271 | 117,888 | |||
TE Connectivity, Ltd. | 2,690 | 236,532 | |||
TRANSOCEAN, Ltd. (a) | 959 | 13,548 | |||
UBS Group AG (a) | 7,398 | 117,392 | |||
Zurich Insurance Group AG | 259 | 82,250 | |||
2,813,026 | |||||
TAIWAN — 1.4% | |||||
AU Optronics Corp. ADR (b) | 26,447 | 111,342 | |||
Chunghwa Telecom Co., Ltd. ADR (b) | 3,543 | 127,229 | |||
Gintech Energy Corp. (a)(f) | 271,000 | 129,540 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Hon Hai Precision Industry Co., Ltd. GDR | 27,932 | $ 147,202 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 12,815 | 565,910 | |||
TWi Biotechnology, Inc. (a) | 2,104 | 2,606 | |||
TWi Pharmaceuticals, Inc. (a) | 35,000 | 72,905 | |||
United Microelectronics Corp. ADR (b) | 52,261 | 134,833 | |||
Zinwell Corp. | 258,000 | 166,885 | |||
1,458,452 | |||||
THAILAND — 0.2% | |||||
Bangkok Bank PCL | 14,300 | 96,395 | |||
CP ALL PCL NVDR | 9,600 | 20,482 | |||
Kasikornbank PCL NVDR | 2,300 | 15,362 | |||
PTT PCL (f) | 26,000 | 43,615 | |||
Siam Commercial Bank PCL NVDR | 3,500 | 16,125 | |||
191,979 | |||||
TURKEY — 0.0% (c) | |||||
Akbank T.A.S. | 9,845 | 11,341 | |||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S REIT | 12,413 | 3,698 | |||
Turkiye Garanti Bankasi A/S | 11,388 | 14,616 | |||
Turkiye Is Bankasi A/S Class C | 10,320 | 7,593 | |||
37,248 | |||||
UNITED ARAB EMIRATES — 0.0% (c) | |||||
Amlak Finance PJSC (a) | 58,054 | 9,736 | |||
UNITED KINGDOM — 5.3% | |||||
3i Group PLC | 23,879 | 293,084 | |||
Allied Minds PLC (a) | 10,476 | 9,891 | |||
Anglo American PLC | 3,002 | 67,451 | |||
AO World PLC (a)(b) | 5,917 | 10,803 | |||
AstraZeneca PLC | 2,380 | 185,070 | |||
BAE Systems PLC | 12,005 | 98,596 | |||
Barclays PLC | 32,806 | 73,489 | |||
BP PLC | 27,978 | 215,004 | |||
British American Tobacco PLC | 2,226 | 104,051 | |||
British Land Co. PLC REIT | 8,608 | 69,237 | |||
BT Group PLC | 28,009 | 82,291 | |||
Burberry Group PLC | 2,133 | 56,048 | |||
Capita PLC | 2,061 | 3,841 | |||
CNH Industrial NV | 1,856 | 22,312 | |||
Cobham PLC (a) | 61,257 | 93,262 | |||
Compass Group PLC | 5,843 | 129,990 | |||
Countrywide PLC (a) | 55,760 | 8,537 | |||
CYBG PLC (b) | 1,012 | 4,357 | |||
Diageo PLC | 3,661 | 129,808 | |||
Experian PLC | �� | 5,003 | 128,559 | ||
Faroe Petroleum PLC (a) | 6,285 | 13,638 | |||
Fiat Chrysler Automobiles NV (a) | 2,300 | 40,456 | |||
Frontier Developments PLC (a)(b) | 821 | 14,293 | |||
G4S PLC | 8,392 | 26,483 | |||
GlaxoSmithKline PLC | 8,418 | 168,702 | |||
Gulf Keystone Petroleum, Ltd. (a) | 2,674 | 10,060 | |||
Hammerson PLC REIT | 13,849 | 82,479 |
Security Description | Shares | Value | |||
HSBC Holdings PLC | 34,272 | $ 299,350 | |||
Hurricane Energy PLC (a)(b) | 16,936 | 12,920 | |||
Imperial Brands PLC | 1,348 | 46,952 | |||
Indivior PLC (a) | 1,025 | 2,461 | |||
InterContinental Hotels Group PLC | 2,705 | 168,612 | |||
iomart Group PLC | 3,692 | 20,871 | |||
J Sainsbury PLC | 9,923 | 41,641 | |||
Land Securities Group PLC REIT | 5,565 | 64,109 | |||
Learning Technologies Group PLC | 7,024 | 15,251 | |||
Liberty Global PLC Class A (a) | 1,348 | 38,998 | |||
Liberty Global PLC Class C (a) | 2,406 | 67,753 | |||
Lloyds Banking Group PLC | 116,643 | 90,155 | |||
Marks & Spencer Group PLC | 13,701 | 51,599 | |||
Micro Focus International PLC ADR (b) | 740 | 13,675 | |||
National Grid PLC | 2,553 | 26,348 | |||
Next PLC | 972 | 69,638 | |||
nVent Electric PLC | 155 | 4,210 | |||
On the Beach Group PLC (d) | 1,698 | 10,961 | |||
Ophir Energy PLC (a) | 31,201 | 15,421 | |||
Pearson PLC | 1,607 | 18,651 | |||
Pentair PLC | 155 | 6,719 | |||
Premier Oil PLC (a) | 6,590 | 11,902 | |||
Prudential PLC | 6,537 | 149,990 | |||
Quilter PLC (d) | 6,733 | 11,792 | |||
Randgold Resources, Ltd. | 398 | 28,286 | |||
Reckitt Benckiser Group PLC | 1,076 | 98,446 | |||
RELX PLC (e) | 4,193 | 88,361 | |||
RELX PLC (e) | 7,079 | 148,782 | |||
Rio Tinto PLC | 2,892 | 146,327 | |||
Rio Tinto, Ltd. (b) | 225 | 12,822 | |||
Rolls-Royce Holdings PLC (a) | 4,259 | 54,840 | |||
RSA Insurance Group PLC | 9,506 | 71,279 | |||
Sage Group PLC | 22,900 | 175,115 | |||
Severn Trent PLC | 3,365 | 81,136 | |||
Shire PLC ADR | 100 | 18,127 | |||
Sky PLC | 2,703 | 60,945 | |||
Smith & Nephew PLC | 6,104 | 111,399 | |||
Smiths Group PLC | 4,701 | 91,679 | |||
Soco International PLC | 13,516 | 15,228 | |||
SSE PLC | 2,663 | 39,797 | |||
Standard Chartered PLC | 6,580 | 54,607 | |||
Standard Life Aberdeen PLC | 22,633 | 90,285 | |||
TechnipFMC PLC | 1,394 | 43,878 | |||
Tesco PLC | 15,916 | 49,771 | |||
Tullow Oil PLC (a) | 3,614 | 12,409 | |||
Unilever NV | 2,701 | 150,476 | |||
Unilever PLC | 2,060 | 113,256 | |||
United Utilities Group PLC | 5,987 | 54,964 | |||
Vodafone Group PLC | 44,551 | 95,569 | |||
Whitbread PLC | 3,842 | 236,329 | |||
WPP PLC | 4,635 | 67,968 | |||
5,613,852 | |||||
UNITED STATES — 54.3% | |||||
3M Co. | 1,348 | 284,037 | |||
Abbott Laboratories | 5,131 | 376,410 | |||
AbbVie, Inc. | 1,322 | 125,035 | |||
Abeona Therapeutics, Inc. (a)(b) | 542 | 6,938 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Adient PLC (b) | 14 | $ 550 | |||
Adobe Systems, Inc. (a) | 2,083 | 562,306 | |||
AdvanSix, Inc. (a) | 95 | 3,225 | |||
Aetna, Inc. | 2,034 | 412,597 | |||
Aflac, Inc. | 5,380 | 253,237 | |||
Agenus, Inc. (a)(b) | 5,000 | 10,700 | |||
Agilent Technologies, Inc. | 2,690 | 189,753 | |||
AGNC Investment Corp. REIT | 1,348 | 25,113 | |||
Alexion Pharmaceuticals, Inc. (a) | 1,023 | 142,207 | |||
Allegion PLC | 440 | 39,851 | |||
Allergan PLC | 302 | 57,525 | |||
Allstate Corp. | 2,690 | 265,503 | |||
Alphabet, Inc. Class A (a) | 664 | 801,501 | |||
Alphabet, Inc. Class C (a) | 664 | 792,464 | |||
Altra Industrial Motion Corp. | 68 | 2,832 | |||
Altria Group, Inc. | 2,690 | 162,234 | |||
Amazon.com, Inc. (a) | 869 | 1,740,607 | |||
American Electric Power Co., Inc. | 2,690 | 190,667 | |||
American Express Co. | 2,690 | 286,458 | |||
American Tower Corp. REIT | 1,348 | 195,864 | |||
Amgen, Inc. | 2,302 | 477,182 | |||
Anadarko Petroleum Corp. | 1,348 | 90,869 | |||
Annaly Capital Management, Inc. REIT | 2,690 | 27,519 | |||
Anthem, Inc. | 1,348 | 369,419 | |||
Apache Corp. | 648 | 30,890 | |||
Apple, Inc. | 9,606 | 2,168,458 | |||
Applied Materials, Inc. | 5,641 | 218,025 | |||
Arbor Realty Trust, Inc. REIT (b) | 1,300 | 14,924 | |||
Archer-Daniels-Midland Co. | 4,038 | 202,990 | |||
Armada Hoffler Properties, Inc. REIT | 2,800 | 42,308 | |||
Arrowhead Pharmaceuticals, Inc. (a)(b) | 800 | 15,336 | |||
AT&T, Inc. | 15,605 | 524,016 | |||
Automatic Data Processing, Inc. | 1,348 | 203,090 | |||
Avanos Medical, Inc. (a) | 168 | 11,508 | |||
Baker Hughes a GE Co. | 1,142 | 38,634 | |||
Bank of America Corp. | 23,383 | 688,863 | |||
Bank of New York Mellon Corp. | 4,138 | 210,997 | |||
Basic Energy Services, Inc. (a) | 1,100 | 10,989 | |||
Baxter International, Inc. | 2,633 | 202,978 | |||
Becton Dickinson and Co. | 1,348 | 351,828 | |||
Bellicum Pharmaceuticals, Inc. (a)(b) | 1,626 | 10,016 | |||
Berkshire Hathaway, Inc. Class B (a) | 1,565 | 335,082 | |||
Biogen, Inc. (a) | 827 | 292,187 | |||
Boeing Co. | 1,348 | 501,321 | |||
Booking Holdings, Inc. (a) | 105 | 208,320 | |||
Brighthouse Financial, Inc. (a) | 398 | 17,608 | |||
Bristol-Myers Squibb Co. | 4,138 | 256,887 | |||
Broadcom, Inc. | 1,007 | 248,457 | |||
C.H. Robinson Worldwide, Inc. | 1,348 | 131,996 | |||
California Resources Corp. (a) | 88 | 4,271 | |||
Capital One Financial Corp. | 1,348 | 127,966 | |||
Cara Therapeutics, Inc. (a) | 759 | 18,178 | |||
Carnival Corp. | 1,348 | 85,962 | |||
Caterpillar, Inc. | 1,348 | 205,557 |
Security Description | Shares | Value | |||
Cato Corp. Class A | 400 | $ 8,408 | |||
CBS Corp. Class B | 2,400 | 137,880 | |||
CDK Global, Inc. | 443 | 27,714 | |||
Celgene Corp. (a) | 2,698 | 241,444 | |||
CenturyLink, Inc. | 1,090 | 23,108 | |||
Charles Schwab Corp. | 6,935 | 340,855 | |||
Charter Communications, Inc. Class A (a) | 573 | 186,729 | |||
Chemours Co. | 457 | 18,024 | |||
Chesapeake Energy Corp. (a)(b) | 1,838 | 8,253 | |||
Chevron Corp. | 3,420 | 418,198 | |||
Chubb, Ltd. | 2,054 | 274,497 | |||
Church & Dwight Co., Inc. | 4,170 | 247,573 | |||
Cisco Systems, Inc. | 13,669 | 664,997 | |||
Citigroup, Inc. | 6,996 | 501,893 | |||
Citrix Systems, Inc. (a) | 1,348 | 149,844 | |||
Clorox Co. | 1,348 | 202,753 | |||
Coca-Cola Co. | 5,394 | 249,149 | |||
Cognizant Technology Solutions Corp. Class A | 2,698 | 208,151 | |||
Colgate-Palmolive Co. | 2,690 | 180,096 | |||
Comcast Corp. Class A | 6,948 | 246,029 | |||
Community Healthcare Trust, Inc. REIT | 1,734 | 53,719 | |||
Conagra Brands, Inc. | 2,690 | 91,379 | |||
ConocoPhillips | 2,690 | 208,206 | |||
Corning, Inc. | 5,394 | 190,408 | |||
Costco Wholesale Corp. | 1,348 | 316,618 | |||
Coty, Inc. Class A (b) | 714 | 8,968 | |||
CSX Corp. | 3,543 | 262,359 | |||
Cummins, Inc. | 1,348 | 196,902 | |||
CVS Health Corp. | 2,690 | 211,757 | |||
Cymabay Therapeutics, Inc. (a) | 700 | 7,756 | |||
Danaher Corp. | 2,690 | 292,295 | |||
Deere & Co. | 1,348 | 202,645 | |||
Dell Technologies, Inc. Class V (a) | 602 | 58,466 | |||
Dermira, Inc. (a) | 1,000 | 10,900 | |||
Devon Energy Corp. | 648 | 25,881 | |||
Discover Financial Services | 2,690 | 205,650 | |||
Dollar Tree, Inc. (a) | 1,815 | 148,013 | |||
DowDuPont, Inc. | 7,752 | 498,531 | |||
Duke Energy Corp. | 1,464 | 117,149 | |||
DXC Technology Co. | 499 | 46,666 | |||
Easterly Government Properties, Inc. REIT | 7,587 | 146,960 | |||
Eaton Corp. PLC | 2,690 | 233,304 | |||
eBay, Inc. (a) | 4,038 | 133,335 | |||
Ecolab, Inc. | 1,348 | 211,339 | |||
Edison International | 2,690 | 182,059 | |||
Eli Lilly & Co. | 2,690 | 288,664 | |||
Emerson Electric Co. | 2,690 | 206,000 | |||
Entercom Communications Corp. Class A (b) | 1,575 | 12,443 | |||
EOG Resources, Inc. | 2,698 | 344,184 | |||
Equity Residential REIT | 1,348 | 89,318 | |||
Estee Lauder Cos., Inc. Class A | 1,348 | 195,891 | |||
Exelon Corp. | 2,690 | 117,445 | |||
Express Scripts Holding Co. (a) | 1,882 | 178,809 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Exxon Mobil Corp. | 7,474 | $ 635,439 | |||
Facebook, Inc. Class A (a) | 3,611 | 593,865 | |||
Fastenal Co. (b) | 1,348 | 78,211 | |||
FedEx Corp. | 1,348 | 324,585 | |||
FirstEnergy Corp. (b) | 2,690 | 99,987 | |||
Ford Motor Co. | 10,767 | 99,595 | |||
Fortive Corp. | 1,314 | 110,639 | |||
Franklin Resources, Inc. | 4,038 | 122,796 | |||
Freeport-McMoRan, Inc. | 890 | 12,389 | |||
GCI Liberty, Inc. Class A (a) | 340 | 17,340 | |||
General Dynamics Corp. | 1,348 | 275,963 | |||
General Electric Co. | 6,368 | 71,895 | |||
General Mills, Inc. | 1,348 | 57,856 | |||
General Motors Co. | 2,690 | 90,572 | |||
Geron Corp. (a) | 3,360 | 5,914 | |||
Gilead Sciences, Inc. | 3,569 | 275,562 | |||
Gladstone Commercial Corp. REIT | 4,877 | 93,395 | |||
GNC Holdings, Inc. Class A (a) | 2,400 | 9,936 | |||
Gogo, Inc. (a)(b) | 2,400 | 12,456 | |||
Goldman Sachs Group, Inc. | 1,348 | 302,276 | |||
Halliburton Co. | 2,690 | 109,026 | |||
HCP, Inc. REIT | 4,038 | 106,280 | |||
Hershey Co. | 1,348 | 137,496 | |||
Hess Corp. | 1,348 | 96,490 | |||
Hewlett Packard Enterprise Co. | 5,394 | 87,976 | |||
Home Depot, Inc. | 2,713 | 561,998 | |||
Honeywell International, Inc. | 2,690 | 447,616 | |||
Hovnanian Enterprises, Inc. Class A (a)(b) | 14,562 | 23,299 | |||
HP, Inc. | 5,394 | 139,003 | |||
Illinois Tool Works, Inc. | 2,034 | 287,038 | |||
ImmunoGen, Inc. (a) | 759 | 7,188 | |||
Ingersoll-Rand PLC | 2,690 | 275,187 | |||
Intel Corp. | 10,631 | 502,740 | |||
International Business Machines Corp. | 2,172 | 328,428 | |||
Intuit, Inc. | 1,348 | 306,535 | |||
Iron Mountain, Inc. REIT | 31 | 1,070 | |||
J.M. Smucker Co. | 1,348 | 138,318 | |||
Johnson & Johnson | 4,068 | 562,076 | |||
Johnson Controls International PLC | 3,566 | 124,810 | |||
JPMorgan Chase & Co. | 8,236 | 929,350 | |||
Juniper Networks, Inc. | 2,690 | 80,619 | |||
Kellogg Co. | 1,348 | 94,387 | |||
Keysight Technologies, Inc. (a) | 1,347 | 89,279 | |||
Kimberly-Clark Corp. | 1,348 | 153,187 | |||
Kinder Morgan, Inc. | 1,987 | 35,230 | |||
Kohl's Corp. (b) | 1,348 | 100,493 | |||
Kraft Heinz Co. | 220 | 12,124 | |||
L Brands, Inc. | 509 | 15,423 | |||
Lamb Weston Holdings, Inc. | 895 | 59,607 | |||
Las Vegas Sands Corp. | 1,348 | 79,977 | |||
Leidos Holdings, Inc. | 339 | 23,445 | |||
Liberty Expedia Holdings, Inc. Class A (a) | 228 | 10,725 | |||
Liberty TripAdvisor Holdings, Inc. Class A (a) | 182 | 2,703 | |||
Lockheed Martin Corp. | 1,086 | 375,713 |
Security Description | Shares | Value | |||
LogMeIn, Inc. | 231 | $ 20,582 | |||
Lowe's Cos., Inc. | 4,038 | 463,643 | |||
LyondellBasell Industries NV Class A | 1,348 | 138,183 | |||
Macy's, Inc. | 2,390 | 83,005 | |||
Marathon Oil Corp. | 4,038 | 94,005 | |||
Marathon Petroleum Corp. | 2,699 | 215,839 | |||
Marsh & McLennan Cos., Inc. | 2,690 | 222,517 | |||
Mastercard, Inc. Class A | 882 | 196,342 | |||
Mattel, Inc. (a)(b) | 269 | 4,223 | |||
McCormick & Co., Inc. | 2,027 | 267,057 | |||
McDonald's Corp. | 1,348 | 225,507 | |||
McKesson Corp. | 1,023 | 135,701 | |||
Medifast, Inc. | 100 | 22,155 | |||
Medtronic PLC | 5,836 | 574,087 | |||
Merck & Co., Inc. | 5,494 | 389,744 | |||
MetLife, Inc. | 4,038 | 188,655 | |||
MGP Ingredients, Inc. (b) | 100 | 7,898 | |||
Micron Technology, Inc. (a) | 300 | 13,569 | |||
Microsoft Corp. | 15,107 | 1,727,788 | |||
Mondelez International, Inc. Class A | 1,348 | 57,910 | |||
Morgan Stanley | 4,038 | 188,050 | |||
Mosaic Co. | 1,348 | 43,783 | |||
National Oilwell Varco, Inc. | 648 | 27,916 | |||
Nektar Therapeutics (a) | 108 | 6,584 | |||
NetApp, Inc. | 1,348 | 115,780 | |||
Netflix, Inc. (a) | 517 | 193,425 | |||
Newmont Mining Corp. | 1,348 | 40,710 | |||
News Corp. Class A | 819 | 10,803 | |||
NexPoint Residential Trust, Inc. REIT | 5,419 | 179,911 | |||
NextEra Energy, Inc. | 1,348 | 225,925 | |||
NIKE, Inc. Class B | 4,607 | 390,305 | |||
Noble Energy, Inc. | 1,690 | 52,711 | |||
Norfolk Southern Corp. | 1,348 | 243,314 | |||
Northrop Grumman Corp. | 915 | 290,394 | |||
Novavax, Inc. (a) | 4,010 | 7,539 | |||
NOW, Inc. (a) | 336 | 5,561 | |||
NVIDIA Corp. | 867 | 243,644 | |||
Occidental Petroleum Corp. | 2,690 | 221,037 | |||
Oracle Corp. | 9,713 | 500,802 | |||
O'Reilly Automotive, Inc. (a) | 560 | 194,499 | |||
Paratek Pharmaceuticals, Inc. (a)(b) | 1,000 | 9,700 | |||
Parker-Hannifin Corp. | 1,348 | 247,938 | |||
PayPal Holdings, Inc. (a) | 4,138 | 363,482 | |||
Penn Virginia Corp. (a) | 100 | 8,054 | |||
PepsiCo, Inc. | 2,690 | 300,742 | |||
Perrigo Co. PLC | 23 | 1,628 | |||
Perspecta, Inc. | 249 | 6,404 | |||
Pfizer, Inc. | 13,821 | 609,091 | |||
PG&E Corp. (a) | 1,348 | 62,021 | |||
Philip Morris International, Inc. | 2,690 | 219,343 | |||
Phillips 66 | 659 | 74,282 | |||
Pioneer Natural Resources Co. | 915 | 159,384 | |||
PNC Financial Services Group, Inc. | 1,348 | 183,584 | |||
PPL Corp. | 4,038 | 118,152 | |||
Praxair, Inc. | 1,348 | 216,664 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Procter & Gamble Co. | 2,942 | $ 244,863 | |||
Progenics Pharmaceuticals, Inc. (a)(b) | 2,168 | 13,593 | |||
Prologis, Inc. REIT | 4,138 | 280,515 | |||
Prudential Financial, Inc. | 2,040 | 206,693 | |||
PTC Therapeutics, Inc. (a) | 325 | 15,275 | |||
Public Service Enterprise Group, Inc. | 2,690 | 142,005 | |||
Public Storage REIT | 1,129 | 227,640 | |||
QUALCOMM, Inc. (b) | 4,138 | 298,060 | |||
Qurate Retail, Inc. (a) | 2,690 | 59,745 | |||
Raytheon Co. | 1,348 | 278,578 | |||
REGENXBIO, Inc. (a) | 100 | 7,550 | |||
Retail Opportunity Investments Corp. REIT (b) | 11,076 | 206,789 | |||
Ross Stores, Inc. | 2,374 | 235,263 | |||
salesforce.com, Inc. (a) | 2,781 | 442,262 | |||
Sarepta Therapeutics, Inc. (a) | 100 | 16,151 | |||
Schlumberger, Ltd. | 4,060 | 247,335 | |||
Seagate Technology PLC | 1,348 | 63,828 | |||
Seres Therapeutics, Inc. (a)(b) | 1,400 | 10,626 | |||
Simon Property Group, Inc. REIT | 1,348 | 238,259 | |||
Southern Co. | 1,348 | 58,773 | |||
Spirit MTA REIT | 2,000 | 23,040 | |||
Starbucks Corp. | 5,478 | 311,370 | |||
State Street Corp. (g) | 1,348 | 112,935 | |||
Synchrony Financial | 1,503 | 46,713 | |||
Sysco Corp. | 2,690 | 197,043 | |||
Tabula Rasa HealthCare, Inc. (a) | 200 | 16,238 | |||
Tapestry, Inc. | 1,348 | 67,764 | |||
Target Corp. | 1,348 | 118,907 | |||
TechTarget, Inc. (a) | 1,800 | 34,956 | |||
Tesla, Inc. (a) | 108 | 28,595 | |||
Texas Instruments, Inc. | 4,138 | 443,966 | |||
Thermo Fisher Scientific, Inc. | 2,062 | 503,293 | |||
TJX Cos., Inc. | 2,690 | 301,334 | |||
Travelers Cos., Inc. | 1,348 | 174,849 | |||
Twenty-First Century Fox, Inc. Class A | 6,835 | 316,666 | |||
Twitter, Inc. (a) | 617 | 17,560 | |||
Tyson Foods, Inc. Class A | 3,219 | 191,627 | |||
UMH Properties, Inc. REIT | 7,695 | 120,350 | |||
Union Pacific Corp. | 2,047 | 333,313 | |||
Unisys Corp. (a)(b) | 700 | 14,280 | |||
United Financial Bancorp, Inc. | 11,281 | 189,859 | |||
United Parcel Service, Inc. Class B | 1,348 | 157,379 | |||
United Technologies Corp. | 1,348 | 188,464 | |||
UnitedHealth Group, Inc. | 2,710 | 720,968 | |||
Universal Corp. | 100 | 6,500 | |||
US Bancorp | 4,138 | 218,528 | |||
Valero Energy Corp. | 2,690 | 305,987 | |||
Vanda Pharmaceuticals, Inc. (a) | 434 | 9,960 | |||
Vector Group, Ltd. (b) | 9,325 | 128,499 | |||
Verizon Communications, Inc. | 4,661 | 248,851 | |||
Viacom, Inc. Class B | 848 | 28,628 | |||
Visa, Inc. Class A | 5,546 | 832,399 | |||
Walmart, Inc. | 2,690 | 252,618 | |||
Walgreens Boots Alliance, Inc. | 2,690 | 196,101 |
Security Description | Shares | Value | |||
Walt Disney Co. | 4,238 | $ 495,592 | |||
Waste Management, Inc. | 2,690 | 243,068 | |||
Wells Fargo & Co. | 10,733 | 564,126 | |||
Western Digital Corp. | 1,670 | 97,762 | |||
Whitestone REIT (b) | 800 | 11,104 | |||
Williams Cos., Inc. | 2,438 | 66,289 | |||
Windstream Holdings, Inc. (a)(b) | 1,863 | 9,129 | |||
Yum! Brands, Inc. | 1,348 | 122,547 | |||
ZIOPHARM Oncology, Inc. (a)(b) | 3,700 | 11,840 | |||
Zoetis, Inc. | 155 | 14,192 | |||
57,297,930 | |||||
TOTAL COMMON STOCKS (Cost $87,352,560) | 104,999,237 |
WARRANTS — 0.0% (c) | |||
CANADA — 0.0% (c) | |||
Australis Capital, Inc. (expiring 9/19/19) (a) (Cost $166) | 31 | 56 | |
SHORT-TERM INVESTMENTS — 1.7% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 293,349 | 293,349 | |
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 1,503,297 | 1,503,297 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $1,796,646) | 1,796,646 | ||
TOTAL INVESTMENTS — 101.3% (Cost $89,149,372) | 106,795,939 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.3)% | (1,353,067) | ||
NET ASSETS — 100.0% | $ 105,442,872 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Amount is less than 0.05% of net assets. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $273,813 representing 0.3% of net assets. |
(g) | The Fund invested in an affiliated entity, State Street Corp. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 2,406,953 | $ — | $— | $ 2,406,953 | ||||
Austria | 102,743 | — | — | 102,743 | ||||
Belgium | 320,248 | — | — | 320,248 | ||||
Brazil | 620,740 | — | — | 620,740 | ||||
Canada | 3,308,943 | — | — | 3,308,943 | ||||
Chile | 31,888 | — | — | 31,888 | ||||
China | 3,097,288 | — | — | 3,097,288 | ||||
Colombia | 11,765 | — | — | 11,765 | ||||
Denmark | 827,552 | — | — | 827,552 | ||||
Finland | 428,380 | — | — | 428,380 | ||||
France | 3,193,478 | — | — | 3,193,478 | ||||
Germany | 2,919,928 | — | — | 2,919,928 | ||||
Hong Kong | 1,241,278 | — | — | 1,241,278 | ||||
Hungary | 71,082 | — | — | 71,082 | ||||
India | 1,171,818 | — | — | 1,171,818 | ||||
Indonesia | 394,754 | — | — | 394,754 | ||||
Ireland | 334,787 | — | — | 334,787 | ||||
Israel | 370,076 | — | — | 370,076 | ||||
Italy | 628,342 | — | — | 628,342 | ||||
Japan | 8,524,103 | — | — | 8,524,103 | ||||
Luxembourg | 46,256 | — | — | 46,256 | ||||
Malaysia | 99,061 | — | — | 99,061 | ||||
Mexico | 383,042 | — | — | 383,042 | ||||
Netherlands | 1,576,923 | — | — | 1,576,923 | ||||
Norway | 311,761 | — | — | 311,761 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Peru | $ 4,653 | $ — | $— | $ 4,653 | ||||
Philippines | 15,009 | — | — | 15,009 | ||||
Poland | 37,214 | — | — | 37,214 | ||||
Russia | 308,188 | — | — | 308,188 | ||||
Singapore | 321,872 | — | — | 321,872 | ||||
South Africa | 712,695 | — | — | 712,695 | ||||
South Korea | 1,697,485 | 100,658 | — | 1,798,143 | ||||
Spain | 951,595 | — | — | 951,595 | ||||
Sweden | 1,004,456 | — | — | 1,004,456 | ||||
Switzerland | 2,813,026 | — | — | 2,813,026 | ||||
Taiwan | 1,328,912 | 129,540 | — | 1,458,452 | ||||
Thailand | 148,364 | 43,615 | — | 191,979 | ||||
Turkey | 37,248 | — | — | 37,248 | ||||
United Arab Emirates | 9,736 | — | — | 9,736 | ||||
United Kingdom | 5,613,852 | — | — | 5,613,852 | ||||
United States | 57,297,930 | — | — | 57,297,930 | ||||
Warrants | ||||||||
Canada | 56 | — | — | 56 | ||||
Short-Term Investments | 1,796,646 | — | — | 1,796,646 | ||||
TOTAL INVESTMENTS | $106,522,126 | $273,813 | $— | $106,795,939 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Corp. | 1,244 | $ 118,852 | $ 10,330 | $ — | $— | $(16,247) | 1,348 | $ 112,935 | $ 2,245 | $— | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 55,517 | 55,517 | 4,376,512 | 4,138,680 | — | — | 293,349 | 293,349 | 3,194 | — | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 985,141 | 985,141 | 14,750,512 | 14,232,356 | — | — | 1,503,297 | 1,503,297 | 21,172 | — | |||||||||
Total | $1,159,510 | $19,137,354 | $18,371,036 | $— | $(16,247) | $1,909,581 | $26,611 | $— |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.5% | |||||
ARGENTINA – 0.0% (a) | |||||
Other Security | 140 | $ 47,666 | |||
AUSTRALIA – 1.9% | |||||
Other Securities | 338,067 | 3,135,805 | |||
AUSTRIA – 0.1% | |||||
Other Securities | 2,547 | 92,063 | |||
BELGIUM – 0.2% | |||||
Other Securities | 4,535 | 346,775 | |||
BERMUDA – 0.0% (a) | |||||
Other Security | 2,351 | 45,374 | |||
BRAZIL – 0.7% | |||||
Other Securities | 142,621 | 1,118,436 | |||
CANADA – 3.2% | |||||
Other Securities | 205,544 | 5,369,582 | |||
CHILE – 0.2% | |||||
Other Securities | 128,349 | 296,679 | |||
CHINA – 3.2% | |||||
Alibaba Group Holding, Ltd. ADR (b) | 4,011 | 660,852 | |||
Tencent Holdings, Ltd. | 20,684 | 854,333 | |||
Other Securities | 3,458,451 | 3,840,483 | |||
5,355,668 | |||||
COLOMBIA – 0.3% | |||||
Other Securities | 252,124 | 426,968 | |||
DENMARK – 0.5% | |||||
Other Securities | 14,069 | 751,236 | |||
FINLAND – 0.3% | |||||
Other Securities | 25,181 | 412,564 | |||
FRANCE – 3.6% | |||||
Other Securities | 109,045 | 5,907,112 | |||
GERMANY – 2.9% | |||||
Other Securities | 80,063 | 4,794,147 | |||
HONG KONG – 1.2% | |||||
Hanergy Thin Film Power Group, Ltd. (b)(c) | 24,000 | — | |||
Other Securities | 357,190 | 1,898,389 | |||
1,898,389 | |||||
HUNGARY – 0.0% (a) | |||||
Other Security | 956 | 35,429 | |||
INDIA – 0.9% | |||||
Other Securities | 156,468 | 1,562,550 | |||
INDONESIA – 0.2% | |||||
Other Securities | 921,050 | 384,059 | |||
IRELAND – 0.4% | |||||
Other Securities | 11,659 | 621,196 | |||
ISRAEL – 0.2% | |||||
Other Securities | 14,625 | 305,773 | |||
ITALY – 0.5% | |||||
Other Securities | 226,047 | 895,984 |
Security Description | Shares | Value | |||
JAPAN – 7.6% | |||||
Mitsui & Co., Ltd. | 31,300 | $ 556,778 | |||
Toyota Motor Corp. | 9,100 | 568,425 | |||
Other Securities | 578,932 | 11,486,927 | |||
12,612,130 | |||||
LUXEMBOURG – 0.1% | |||||
Other Securities | 6,183 | 115,256 | |||
MACAU – 0.0% (a) | |||||
Other Securities | 16,400 | 32,573 | |||
MALAYSIA – 0.3% | |||||
Other Securities | 302,135 | 514,284 | |||
MEXICO – 0.4% | |||||
Other Securities | 275,962 | 681,606 | |||
NETHERLANDS – 1.0% | |||||
Other Securities | 62,762 | 1,718,839 | |||
NEW ZEALAND – 0.1% | |||||
Other Security | 45,729 | 99,588 | |||
NORWAY – 0.3% | |||||
Other Securities | 31,279 | 552,647 | |||
PERU – 0.1% | |||||
Other Securities | 4,222 | 220,284 | |||
PHILIPPINES – 0.0% (a) | |||||
Other Securities | 36,290 | 57,851 | |||
POLAND – 0.1% | |||||
Other Securities | 8,601 | 138,989 | |||
PORTUGAL – 0.1% | |||||
Other Security | 10,943 | 217,219 | |||
QATAR – 0.1% | |||||
Other Securities | 11,911 | 209,445 | |||
ROMANIA – 0.0% (a) | |||||
Other Security | 3,564 | 32,373 | |||
RUSSIA – 0.2% | |||||
Other Securities | 57,305 | 338,822 | |||
SINGAPORE – 0.4% | |||||
Other Securities | 198,464 | 670,284 | |||
SOUTH AFRICA – 0.7% | |||||
Other Securities | 200,004 | 1,152,130 | |||
SOUTH KOREA – 1.6% | |||||
Samsung Electronics Co., Ltd. | 17,168 | 718,912 | |||
Other Securities | 35,899 | 1,856,750 | |||
2,575,662 | |||||
SPAIN – 1.0% | |||||
Other Securities | 166,590 | 1,650,699 | |||
SWEDEN – 0.9% | |||||
Other Securities | 84,986 | 1,419,748 | |||
SWITZERLAND – 2.5% | |||||
Nestle SA | 11,311 | 947,447 | |||
Novartis AG | 7,738 | 668,599 | |||
Roche Holding AG | 2,519 | 613,117 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Other Securities | 36,366 | $ 1,983,069 | |||
4,212,232 | |||||
TAIWAN – 1.3% | |||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 95,000 | 816,739 | |||
Other Securities | 1,180,374 | 1,372,634 | |||
2,189,373 | |||||
THAILAND – 0.2% | |||||
Other Securities | 285,664 | 368,578 | |||
TURKEY – 0.0% (a) | |||||
Other Securities | 57,720 | 53,137 | |||
UNITED ARAB EMIRATES – 0.1% | |||||
Other Securities | 14,983 | 86,946 | |||
UNITED KINGDOM – 5.1% | |||||
HSBC Holdings PLC | 75,744 | 661,588 | |||
Other Securities | 1,024,968 | 7,817,270 | |||
8,478,858 | |||||
UNITED STATES – 54.8% | |||||
Alphabet, Inc. Class A (b) | 1,226 | 1,479,880 | |||
Alphabet, Inc. Class C (b) | 937 | 1,118,281 | |||
Amazon.com, Inc. (b) | 1,457 | 2,918,371 | |||
Amgen, Inc. | 2,587 | 536,259 | |||
Apple, Inc. | 18,042 | 4,072,801 | |||
AT&T, Inc. | 26,431 | 887,553 | |||
Bank of America Corp. | 35,067 | 1,033,074 | |||
Berkshire Hathaway, Inc. Class B (b) | 3,934 | 842,309 | |||
Boeing Co. | 2,153 | 800,701 | |||
Cisco Systems, Inc. | 17,875 | 869,619 | |||
Citigroup, Inc. | 9,959 | 714,459 | |||
Coca-Cola Co. | 17,332 | 800,565 | |||
Comcast Corp. Class A | 16,710 | 591,701 | |||
Eversource Energy | 9,134 | 561,193 | |||
Facebook, Inc. Class A (b) | 8,335 | 1,370,774 | |||
Home Depot, Inc. | 4,500 | 932,175 | |||
Honeywell International, Inc. | 3,235 | 538,304 | |||
Intel Corp. | 17,692 | 836,655 | |||
International Business Machines Corp. | 3,741 | 565,677 | |||
Johnson & Johnson | 10,131 | 1,399,800 | |||
JPMorgan Chase & Co. | 12,184 | 1,374,843 | |||
Mastercard, Inc. Class A | 3,512 | 781,806 | |||
McDonald's Corp. | 3,282 | 549,046 | |||
Merck & Co., Inc. | 10,335 | 733,165 | |||
Microsoft Corp. | 26,598 | 3,042,013 | |||
Netflix, Inc. (b) | 1,667 | 623,675 | |||
NVIDIA Corp. | 2,164 | 608,127 | |||
ONEOK, Inc. | 10,261 | 695,593 | |||
Oracle Corp. | 12,175 | 627,743 | |||
PepsiCo, Inc. | 5,117 | 572,081 | |||
Pfizer, Inc. | 21,952 | 967,425 | |||
Phillips 66 | 7,080 | 798,058 | |||
Procter & Gamble Co. | 9,839 | 818,900 | |||
Schlumberger, Ltd. | 9,244 | 563,144 | |||
State Street Corp. (d) | 1,224 | 102,547 | |||
UnitedHealth Group, Inc. | 3,624 | 964,129 |
Security Description | Shares | Value | |||
Valero Energy Corp. | 4,687 | $ 533,146 | |||
Verizon Communications, Inc. | 14,888 | 794,870 | |||
Visa, Inc. Class A | 6,876 | 1,032,019 | |||
Walt Disney Co. | 5,904 | 690,414 | |||
Wells Fargo & Co. | 16,835 | 884,848 | |||
Other Securities | 679,901 | 50,299,297 | |||
90,927,040 | |||||
TOTAL COMMON STOCKS (Cost $132,579,776) | 165,130,048 | ||||
SHORT-TERM INVESTMENTS - 1.2% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e)(f) | 258,097 | 258,097 | |||
State Street Navigator Securities Lending Government Money Market Portfolio (e)(g) | 1,758,501 | 1,758,501 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,016,598) | 2,016,598 | ||||
TOTAL INVESTMENTS - 100.7% (Cost $134,596,374) | 167,146,646 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.7)% | (1,184,914) | ||||
NET ASSETS - 100.0% | $ 165,961,732 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Amount is less than 0.05% of net assets. |
(b) | Non-income producing security. |
(c) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(d) | The Fund invested in an affiliated entity, State Street Corp. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
ADR | American Depositary Receipt |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Argentina | $ 47,666 | $ — | $— | $ 47,666 | ||||
Australia | 3,135,805 | — | — | 3,135,805 | ||||
Austria | 92,063 | — | — | 92,063 | ||||
Belgium | 346,775 | — | — | 346,775 | ||||
Bermuda | 45,374 | — | — | 45,374 | ||||
Brazil | 1,118,436 | — | — | 1,118,436 | ||||
Canada | 5,369,582 | — | — | 5,369,582 | ||||
Chile | 296,679 | — | — | 296,679 | ||||
China | 5,355,668 | — | — | 5,355,668 | ||||
Colombia | 426,968 | — | — | 426,968 | ||||
Denmark | 751,236 | — | — | 751,236 | ||||
Finland | 412,564 | — | — | 412,564 | ||||
France | 5,907,112 | — | — | 5,907,112 | ||||
Germany | 4,794,147 | — | — | 4,794,147 | ||||
Hong Kong | 1,898,389 | — | 0(a) | 1,898,389 | ||||
Hungary | 35,429 | — | — | 35,429 | ||||
India | 1,562,550 | — | — | 1,562,550 | ||||
Indonesia | 384,059 | — | — | 384,059 | ||||
Ireland | 621,196 | — | — | 621,196 | ||||
Israel | 305,773 | — | — | 305,773 | ||||
Italy | 895,984 | — | — | 895,984 | ||||
Japan | 12,612,130 | — | — | 12,612,130 | ||||
Luxembourg | 115,256 | — | — | 115,256 | ||||
Macau | 32,573 | — | — | 32,573 | ||||
Malaysia | 514,284 | — | — | 514,284 | ||||
Mexico | 681,606 | — | — | 681,606 | ||||
Netherlands | 1,718,839 | — | — | 1,718,839 | ||||
New Zealand | 99,588 | — | — | 99,588 | ||||
Norway | 552,647 | — | — | 552,647 | ||||
Peru | 220,284 | — | — | 220,284 | ||||
Philippines | 57,851 | — | — | 57,851 | ||||
Poland | 138,989 | — | — | 138,989 | ||||
Portugal | 217,219 | — | — | 217,219 | ||||
Qatar | 209,445 | — | — | 209,445 | ||||
Romania | 32,373 | — | — | 32,373 | ||||
Russia | 338,822 | — | — | 338,822 | ||||
Singapore | 670,284 | — | — | 670,284 | ||||
South Africa | 1,152,130 | — | — | 1,152,130 | ||||
South Korea | 2,575,662 | — | — | 2,575,662 | ||||
Spain | 1,650,699 | — | — | 1,650,699 | ||||
Sweden | 1,419,748 | — | — | 1,419,748 | ||||
Switzerland | 4,212,232 | — | — | 4,212,232 | ||||
Taiwan | 2,189,373 | — | — | 2,189,373 | ||||
Thailand | 154,335 | 214,243 | — | 368,578 | ||||
Turkey | 53,137 | — | — | 53,137 | ||||
United Arab Emirates | 86,946 | — | — | 86,946 | ||||
United Kingdom | 8,478,858 | — | — | 8,478,858 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
United States | $ 90,927,040 | $ — | $— | $ 90,927,040 | ||||
Short-Term Investments | 2,016,598 | — | — | 2,016,598 | ||||
TOTAL INVESTMENTS | $166,932,403 | $214,243 | $— | $167,146,646 |
(a) | Fund held a Level 3 security that was valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Corp. | 1,555 | $148,565 | $ 6,772 | $ 38,138 | $6,070 | $(20,722) | 1,224 | $ 102,547 | $ 2,060 | $— | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 215,632 | 215,632 | 5,478,743 | 5,436,278 | — | — | 258,097 | 258,097 | 3,128 | — | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 378,038 | 378,038 | 19,798,344 | 18,417,881 | — | — | 1,758,501 | 1,758,501 | 16,378 | — | |||||||||
Total | $742,235 | $25,283,859 | $23,892,297 | $6,070 | $(20,722) | $2,119,145 | $21,566 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.5% | ||||||
AEROSPACE & DEFENSE — 0.9% | ||||||
Bombardier, Inc. Class B (a) | 33,573 | $ 119,477 | ||||
CAE, Inc. | 4,287 | 86,960 | ||||
206,437 | ||||||
AIRLINES — 0.3% | ||||||
Air Canada (a) | 3,810 | 81,352 | ||||
AUTO COMPONENTS — 1.2% | ||||||
Magna International, Inc. | 5,587 | 293,268 | ||||
BANKS — 27.9% | ||||||
Bank of Montreal | 10,270 | 846,484 | ||||
Bank of Nova Scotia (b) | 19,778 | 1,178,020 | ||||
Canadian Imperial Bank of Commerce (b) | 7,133 | 667,884 | ||||
National Bank of Canada (b) | 5,437 | 271,345 | ||||
Royal Bank of Canada | 23,136 | 1,853,243 | ||||
Toronto-Dominion Bank | 29,599 | 1,797,328 | ||||
6,614,304 | ||||||
CAPITAL MARKETS — 3.5% | ||||||
Brookfield Asset Management, Inc. Class A | 12,368 | 550,082 | ||||
CI Financial Corp. | 3,982 | 63,183 | ||||
IGM Financial, Inc. (b) | 1,337 | 36,720 | ||||
Thomson Reuters Corp. | 4,169 | 190,098 | ||||
840,083 | ||||||
CHEMICALS — 2.9% | ||||||
Methanex Corp. | 1,294 | 102,070 | ||||
Nutrien, Ltd. | 10,099 | 582,689 | ||||
684,759 | ||||||
COMMERCIAL SERVICES & SUPPLIES — 1.7% | ||||||
Ritchie Bros Auctioneers, Inc. | 1,730 | 62,382 | ||||
Waste Connections, Inc. | 4,200 | 334,545 | ||||
396,927 | ||||||
CONSTRUCTION & ENGINEERING — 0.9% | ||||||
SNC-Lavalin Group, Inc. | 2,816 | 114,744 | ||||
WSP Global, Inc. | 1,656 | 90,564 | ||||
205,308 | ||||||
CONTAINERS & PACKAGING — 0.4% | ||||||
CCL Industries, Inc. Class B | 2,324 | 104,675 | ||||
DIVERSIFIED FINANCIAL SERVICES — 0.4% | ||||||
Australis Capital, Inc. (a) | 64 | 114 | ||||
Onex Corp. | 1,339 | 91,501 | ||||
91,615 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.9% | ||||||
BCE, Inc. | 14,400 | 582,974 | ||||
TELUS Corp. | 9,546 | 351,605 | ||||
934,579 | ||||||
ELECTRIC UTILITIES — 1.7% | ||||||
Emera, Inc. (b) | 3,700 | 114,956 | ||||
Fortis, Inc. | 6,741 | 218,407 |
Security Description | Shares | Value | ||||
Hydro One, Ltd. (c) | 4,896 | $ 74,391 | ||||
407,754 | ||||||
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.2% | ||||||
Canadian Apartment Properties REIT | 2,270 | 83,751 | ||||
H&R Real Estate Investment Trust | 4,502 | 69,205 | ||||
RioCan Real Estate Investment Trust | 5,176 | 98,827 | ||||
SmartCentres Real Estate Investment Trust | 1,181 | 27,876 | ||||
279,659 | ||||||
FOOD & STAPLES RETAILING — 3.1% | ||||||
Alimentation Couche-Tard, Inc. Class B | 6,790 | 339,395 | ||||
Empire Co., Ltd. Class A | 2,738 | 49,863 | ||||
George Weston, Ltd. | 752 | 56,880 | ||||
Loblaw Cos., Ltd. | 3,150 | 161,716 | ||||
Metro, Inc. | 4,105 | 127,602 | ||||
735,456 | ||||||
FOOD PRODUCTS — 0.5% | ||||||
Saputo, Inc. | 4,181 | 124,272 | ||||
GAS UTILITIES — 0.2% | ||||||
AltaGas, Ltd. (b) | 2,834 | 45,056 | ||||
HOTELS, RESTAURANTS & LEISURE — 0.9% | ||||||
Restaurant Brands International, Inc. (b) | 3,708 | 219,393 | ||||
INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 0.1% | ||||||
Northland Power, Inc. | 1,860 | 31,225 | ||||
INSURANCE — 7.4% | ||||||
Fairfax Financial Holdings, Ltd. | 435 | 236,157 | ||||
Great-West Lifeco, Inc. | 4,476 | 108,524 | ||||
Industrial Alliance Insurance & Financial Services, Inc. | 1,755 | 70,127 | ||||
Intact Financial Corp. | 2,222 | 184,622 | ||||
Manulife Financial Corp. | 31,838 | 568,729 | ||||
Power Corp. of Canada | 5,422 | 117,702 | ||||
Power Financial Corp. | 3,946 | 90,331 | ||||
Sun Life Financial, Inc. (b) | 9,753 | 387,449 | ||||
1,763,641 | ||||||
IT SERVICES — 2.1% | ||||||
CGI Group, Inc. Class A (a) | 4,019 | 258,937 | ||||
Shopify, Inc. Class A (a) | 1,411 | 231,747 | ||||
490,684 | ||||||
MEDIA — 0.8% | ||||||
Quebecor, Inc. Class B | 2,490 | 49,892 | ||||
Shaw Communications, Inc. Class B | 7,004 | 136,385 | ||||
186,277 | ||||||
METALS & MINING — 5.4% | ||||||
Agnico Eagle Mines, Ltd. | 3,745 | 127,827 | ||||
Barrick Gold Corp. | 18,682 | 206,534 | ||||
First Quantum Minerals, Ltd. | 10,919 | 124,260 | ||||
Franco-Nevada Corp. | 2,936 | 183,529 | ||||
Goldcorp, Inc. | 13,910 | 141,618 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
Kinross Gold Corp. (a) | 19,984 | $ 54,420 | ||||
Lundin Mining Corp. | 11,678 | 61,796 | ||||
Teck Resources, Ltd. Class B | 9,058 | 218,146 | ||||
Turquoise Hill Resources, Ltd. (a) | 15,897 | 33,821 | ||||
Wheaton Precious Metals Corp. | 7,106 | 124,242 | ||||
1,276,193 | ||||||
MULTI-UTILITIES — 0.7% | ||||||
Algonquin Power & Utilities Corp. | 7,470 | 77,208 | ||||
Atco, Ltd. Class I | 1,618 | 47,253 | ||||
Canadian Utilities, Ltd. Class A (b) | 1,911 | 46,955 | ||||
171,416 | ||||||
MULTILINE RETAIL — 1.1% | ||||||
Canadian Tire Corp., Ltd. Class A | 980 | 114,740 | ||||
Dollarama, Inc. | 4,825 | 151,887 | ||||
266,627 | ||||||
OIL, GAS & CONSUMABLE FUELS — 19.7% | ||||||
ARC Resources, Ltd. | 5,645 | 62,887 | ||||
Cameco Corp. | 6,339 | 72,237 | ||||
Canadian Natural Resources, Ltd. | 19,211 | 627,189 | ||||
Cenovus Energy, Inc. | 16,353 | 164,087 | ||||
Crescent Point Energy Corp. | 8,758 | 55,694 | ||||
Enbridge Income Fund Holdings, Inc. (b) | 2,200 | 53,392 | ||||
Enbridge, Inc. | 27,299 | 880,259 | ||||
Encana Corp. | 15,445 | 202,293 | ||||
Husky Energy, Inc. | 4,905 | 86,063 | ||||
Imperial Oil, Ltd. | 4,068 | 131,551 | ||||
Inter Pipeline, Ltd. | 6,157 | 106,697 | ||||
Keyera Corp. | 3,279 | 87,797 | ||||
Pembina Pipeline Corp. | 8,058 | 273,608 | ||||
PrairieSky Royalty, Ltd. (b) | 3,743 | 65,704 | ||||
Seven Generations Energy, Ltd. Class A (a) | 4,589 | 54,673 | ||||
Suncor Energy, Inc. | 26,215 | 1,013,636 | ||||
Tourmaline Oil Corp. | 4,075 | 71,689 | ||||
TransCanada Corp. (b) | 14,292 | 577,827 | ||||
Vermilion Energy, Inc. (b) | 2,337 | 76,948 | ||||
4,664,231 | ||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||
West Fraser Timber Co., Ltd. (b) | 941 | 53,515 | ||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||
First Capital Realty, Inc. | 2,611 | 39,389 | ||||
ROAD & RAIL — 6.5% | ||||||
Canadian National Railway Co. | 11,793 | 1,057,410 | ||||
Canadian Pacific Railway, Ltd. | 2,288 | 483,638 | ||||
1,541,048 | ||||||
SOFTWARE — 2.0% | ||||||
BlackBerry, Ltd. (a) | 8,533 | 96,513 | ||||
Constellation Software, Inc. | 311 | 228,539 |
Security Description | Shares | Value | ||||
Open Text Corp. | 4,186 | $ 159,169 | ||||
484,221 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||
Gildan Activewear, Inc. | 3,339 | 101,518 | ||||
WIRELESS TELECOMMUNICATION SERVICES — 1.3% | ||||||
Rogers Communications, Inc. Class B | 5,777 | 296,895 | ||||
TOTAL COMMON STOCKS (Cost $23,046,213) | 23,631,777 | |||||
WARRANTS — 0.0% (d) | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.0% (d) | ||||||
Australis Capital, Inc. (expiring 9/19/19) (a) (Cost $342) | 64 | 116 | ||||
TOTAL WARRANTS (Cost $342) | 116 | |||||
SHORT-TERM INVESTMENTS — 3.2% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e) (f) | 516 | 516 | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (e) (g) | 751,313 | 751,313 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $751,829) | 751,829 | |||||
TOTAL INVESTMENTS — 102.7% (Cost $23,798,384) | 24,383,722 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (2.7)% | (645,842) | |||||
NET ASSETS — 100.0% | $ 23,737,880 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(d) | Amount is less than 0.05% of net assets. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Aerospace & Defense | $ 206,437 | $— | $— | $ 206,437 | ||||
Airlines | 81,352 | — | — | 81,352 | ||||
Auto Components | 293,268 | — | — | 293,268 | ||||
Banks | 6,614,304 | — | — | 6,614,304 | ||||
Capital Markets | 840,083 | — | — | 840,083 | ||||
Chemicals | 684,759 | — | — | 684,759 | ||||
Commercial Services & Supplies | 396,927 | — | — | 396,927 | ||||
Construction & Engineering | 205,308 | — | — | 205,308 | ||||
Containers & Packaging | 104,675 | — | — | 104,675 | ||||
Diversified Financial Services | 91,615 | — | — | 91,615 | ||||
Diversified Telecommunication Services | 934,579 | — | — | 934,579 | ||||
Electric Utilities | 407,754 | — | — | 407,754 | ||||
Equity Real Estate Investment Trusts (REITs) | 279,659 | — | — | 279,659 | ||||
Food & Staples Retailing | 735,456 | — | — | 735,456 | ||||
Food Products | 124,272 | — | — | 124,272 | ||||
Gas Utilities | 45,056 | — | — | 45,056 | ||||
Hotels, Restaurants & Leisure | 219,393 | — | — | 219,393 | ||||
Independent Power & Renewable Electricity Producers | 31,225 | — | — | 31,225 | ||||
Insurance | 1,763,641 | — | — | 1,763,641 | ||||
IT Services | 490,684 | — | — | 490,684 | ||||
Media | 186,277 | — | — | 186,277 | ||||
Metals & Mining | 1,276,193 | — | — | 1,276,193 | ||||
Multi-Utilities | 171,416 | — | — | 171,416 | ||||
Multiline Retail | 266,627 | — | — | 266,627 | ||||
Oil, Gas & Consumable Fuels | 4,664,231 | — | — | 4,664,231 | ||||
Paper & Forest Products | 53,515 | — | — | 53,515 | ||||
Real Estate Management & Development | 39,389 | — | — | 39,389 | ||||
Road & Rail | 1,541,048 | — | — | 1,541,048 | ||||
Software | 484,221 | — | — | 484,221 | ||||
Textiles, Apparel & Luxury Goods | 101,518 | — | — | 101,518 | ||||
Wireless Telecommunication Services | 296,895 | — | — | 296,895 | ||||
Warrants | ||||||||
Diversified Financial Services | 116 | — | — | 116 | ||||
Short-Term Investments | 751,829 | — | — | 751,829 | ||||
TOTAL INVESTMENTS | $24,383,722 | $— | $— | $24,383,722 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 13,104 | $13,104 | $ 926,114 | $ 938,702 | $— | $— | 516 | $ 516 | $ 320 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | — | — | 18,567,062 | 17,815,749 | — | — | 751,313 | 751,313 | 3,936 | — | |||||||||
Total | $13,104 | $19,493,176 | $18,754,451 | $— | $— | $751,829 | $4,256 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 98.3% | |||||
AEROSPACE & DEFENSE — 1.4% | |||||
AECC Aero Science and Technology Co., Ltd. Class A | 1,400 | $ 2,769 | |||
AECC Aero-Engine Control Co., Ltd. Class A | 1,900 | 3,800 | |||
AECC Aviation Power Co., Ltd. Class A | 1,900 | 6,649 | |||
AVIC Aircraft Co., Ltd. Class A | 2,200 | 5,081 | |||
AVIC Electromechanical Systems Co., Ltd. Class A | 3,000 | 3,665 | |||
AVIC Helicopter Co., Ltd. Class A | 500 | 2,899 | |||
AVIC Shenyang HeiBao Co., Ltd. Class A (a) | 700 | 3,879 | |||
Changchun UP Optotech Co., Ltd. Class A | 600 | 1,097 | |||
China Aerospace Times Electronics Co., Ltd. Class A (a) | 4,300 | 4,259 | |||
China Avionics Systems Co., Ltd. Class A | 900 | 1,893 | |||
China Spacesat Co., Ltd. Class A | 1,700 | 4,587 | |||
40,578 | |||||
AIR FREIGHT & LOGISTICS — 0.1% | |||||
CMST Development Co., Ltd. Class A | 2,700 | 2,721 | |||
Jiangsu Aucksun Co., Ltd. Class A | 800 | 559 | |||
3,280 | |||||
AIRLINES — 0.8% | |||||
Air China, Ltd. Class A | 4,000 | 4,741 | |||
China Eastern Airlines Corp., Ltd. Class A | 7,400 | 6,027 | |||
China Southern Airlines Co., Ltd. Class A | 4,000 | 3,933 | |||
Juneyao Airlines Co., Ltd. Class A | 1,700 | 3,279 | |||
Spring Airlines Co., Ltd. Class A | 700 | 3,657 | |||
21,637 | |||||
AUTO COMPONENTS — 1.9% | |||||
Anhui Zhongding Sealing Parts Co., Ltd. Class A | 1,500 | 2,428 | |||
Changzhou Xingyu Automotive Lighting Systems Co., Ltd. Class A | 400 | 3,046 | |||
China Shipbuilding Industry Group Power Co., Ltd. Class A | 1,400 | 4,718 | |||
Fuyao Glass Industry Group Co., Ltd. Class A | 1,700 | 6,293 | |||
Greatoo Intelligent Equipment, Inc. | 15,800 | 4,803 | |||
Huayu Automotive Systems Co., Ltd. Class A | 2,600 | 8,509 | |||
HyUnion Holding Co., Ltd. Class A | 1,200 | 1,852 | |||
Ningbo Joyson Electronic Corp. Class A | 900 | 3,240 | |||
Sailun Jinyu Group Co., Ltd. Class A | 5,940 | 2,160 | |||
Shandong Linglong Tyre Co., Ltd. Class A | 1,400 | 3,197 | |||
Shenzhen Kedali Industry Co., Ltd. Class A | 500 | 1,465 | |||
Wanxiang Qianchao Co., Ltd. Class A | 6,060 | 5,253 | |||
Weifu High-Technology Group Co., Ltd. Class A | 1,000 | 2,843 | |||
Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. Class A | 960 | 1,653 | |||
Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A | 3,220 | 3,330 | |||
54,790 |
Security Description | Shares | Value | |||
AUTOMOBILES — 1.8% | |||||
Anhui Jianghuai Automobile Group Corp., Ltd Class A | 3,500 | $ 2,657 | |||
Beiqi Foton Motor Co., Ltd. Class A | 10,600 | 2,883 | |||
BYD Co., Ltd. Class A | 1,300 | 9,284 | |||
Chongqing Changan Automobile Co., Ltd. Class A | 3,400 | 3,600 | |||
FAW CAR Co., Ltd. Class A | 3,600 | 3,451 | |||
Guangzhou Automobile Group Co., Ltd. Class A | 600 | 964 | |||
Haima Automobile Group Co., Ltd. Class A (a) | 4,100 | 1,598 | |||
Jiangsu Xinri E-Vehicle Co., Ltd. Class A | 1,200 | 1,599 | |||
SAIC Motor Corp., Ltd. Class A | 5,300 | 25,654 | |||
51,690 | |||||
BANKS — 11.2% | |||||
Agricultural Bank of China, Ltd. Class A | 39,700 | 22,462 | |||
Bank of Beijing Co., Ltd. Class A | 10,936 | 9,719 | |||
Bank of China, Ltd. Class A | 21,700 | 11,741 | |||
Bank of Communications Co., Ltd. Class A | 22,600 | 19,197 | |||
Bank of Guiyang Co., Ltd. Class A | 3,200 | 5,692 | |||
Bank of Hangzhou Co., Ltd. Class A | 4,700 | 5,346 | |||
Bank of Jiangsu Co., Ltd. Class A | 5,000 | 4,698 | |||
Bank of Nanjing Co., Ltd. Class A | 5,944 | 6,614 | |||
Bank of Ningbo Co., Ltd. Class A | 3,900 | 10,074 | |||
Bank of Shanghai Co., Ltd. Class A | 7,700 | 13,663 | |||
China CITIC Bank Corp., Ltd. Class A | 100 | 88 | |||
China Construction Bank Corp. Class A | 3,600 | 3,791 | |||
China Everbright Bank Co., Ltd. Class A | 23,400 | 13,307 | |||
China Merchants Bank Co., Ltd. Class A | 14,200 | 63,385 | |||
China Minsheng Banking Corp., Ltd. Class A | 17,300 | 15,953 | |||
Huaxia Bank Co., Ltd. Class A | 8,220 | 9,768 | |||
Industrial & Commercial Bank of China, Ltd. Class A | 29,900 | 25,093 | |||
Industrial Bank Co., Ltd. Class A | 11,500 | 26,678 | |||
Ping An Bank Co., Ltd. Class A | 12,320 | 19,800 | |||
Shanghai Pudong Development Bank Co., Ltd. Class A | 18,602 | 28,733 | |||
315,802 | |||||
BEVERAGES — 6.1% | |||||
Anhui Gujing Distillery Co., Ltd. Class A | 400 | 4,842 | |||
Anhui Kouzi Distillery Co., Ltd. Class A | 500 | 3,745 | |||
Beijing Yanjing Brewery Co., Ltd. Class A | 3,200 | 3,067 | |||
Chongqing Brewery Co., Ltd. Class A | 600 | 2,549 | |||
Jiangsu King's Luck Brewery JSC, Ltd. Class A | 1,000 | 2,909 | |||
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A | 1,100 | 20,479 | |||
Kweichow Moutai Co., Ltd. Class A | 800 | 84,941 | |||
Luzhou Laojiao Co., Ltd. Class A | 1,000 | 6,910 | |||
Qinghai Huzhu Barley Wine Co., Ltd. Class A | 1,100 | 2,047 | |||
Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A | 600 | 4,127 | |||
Sichuan Swellfun Co., Ltd. Class A | 603 | 3,587 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Tsingtao Brewery Co., Ltd. Class A | 700 | $ 3,540 | |||
Wuliangye Yibin Co., Ltd. Class A | 2,700 | 26,684 | |||
Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd. Class A | 2,100 | 2,245 | |||
171,672 | |||||
BIOTECHNOLOGY — 0.5% | |||||
Beijing SL Pharmaceutical Co., Ltd. Class A | 600 | 2,806 | |||
Beijing Tiantan Biological Products Corp., Ltd. Class A | 1,400 | 3,928 | |||
Hualan Biological Engineering, Inc. Class A | 800 | 4,410 | |||
Jinyu Bio-Technology Co., Ltd. Class A | 1,100 | 2,723 | |||
Yantai Dongcheng Pharmaceutical Co., Ltd. Class A | 1,200 | 1,576 | |||
15,443 | |||||
BUILDING PRODUCTS — 0.3% | |||||
Beijing New Building Materials PLC Class A | 1,300 | 3,137 | |||
Zhejiang Dun'An Artificial Environment Co., Ltd. Class A (a) (b) | 1,400 | 1,112 | |||
Zhejiang Goldensea Environment Technology Co., Ltd. Class A | 2,000 | 3,249 | |||
7,498 | |||||
CAPITAL MARKETS — 6.1% | |||||
Anxin Trust Co., Ltd. Class A | 4,000 | 3,014 | |||
Central China Securities Co., Ltd. Class A | 13,200 | 8,063 | |||
Changjiang Securities Co., Ltd. Class A | 6,700 | 4,970 | |||
China Merchants Securities Co., Ltd. Class A | 4,200 | 8,021 | |||
CITIC Securities Co., Ltd. Class A | 6,500 | 15,779 | |||
Dongxing Securities Co., Ltd. Class A | 1,400 | 2,089 | |||
Everbright Securities Co., Ltd. Class A | 3,100 | 4,283 | |||
First Capital Securities Co., Ltd. Class A | 4,500 | 3,423 | |||
Founder Securities Co., Ltd. Class A | 5,100 | 4,095 | |||
GF Securities Co., Ltd. Class A | 3,000 | 6,043 | |||
Guangdong Golden Dragon Development, Inc. Class A | 1,800 | 2,430 | |||
Guosen Securities Co., Ltd. Class A | 1,800 | 2,210 | |||
Guotai Junan Securities Co., Ltd. Class A | 4,500 | 9,811 | |||
Guoyuan Securities Co., Ltd. Class A | 5,000 | 5,011 | |||
Haitong Securities Co., Ltd. Class A | 4,800 | 6,255 | |||
Huaan Securities Co., Ltd. Class A | 9,200 | 6,757 | |||
Huatai Securities Co., Ltd. Class A (a) | 4,900 | 11,225 | |||
Huaxi Securities Co., Ltd. Class A | 4,000 | 5,189 | |||
Industrial Securities Co., Ltd. Class A | 6,190 | 4,087 | |||
Northeast Securities Co., Ltd. Class A | 10,000 | 9,090 | |||
Orient Securities Co., Ltd. Class A | 4,900 | 6,364 | |||
Pacific Securities Co., Ltd. Class A | 11,505 | 3,782 | |||
SDIC Capital Co., Ltd. Class A | 2,100 | 2,547 | |||
Sealand Securities Co., Ltd. Class A | 14,150 | 6,956 | |||
Shanxi Securities Co., Ltd. Class A | 4,700 | 4,266 | |||
Shenwan Hongyuan Group Co., Ltd. Class A | 9,910 | 6,486 | |||
Sinolink Securities Co., Ltd. Class A | 4,400 | 4,493 | |||
SooChow Securities Co., Ltd. Class A | 6,800 | 6,320 | |||
Southwest Securities Co., Ltd. Class A | 9,300 | 4,829 |
Security Description | Shares | Value | |||
Western Securities Co., Ltd. Class A | 3,468 | $ 4,081 | |||
171,969 | |||||
CHEMICALS — 3.6% | |||||
Anhui Sierte Fertilizer Industry, Ltd. Co. Class A | 1,300 | 910 | |||
Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. Class A | 8,300 | 3,380 | |||
Befar Group Co., Ltd. Class A | 3,676 | 2,786 | |||
China Hainan Rubber Industry Group Co., Ltd. Class A (a) (b) | 3,200 | 2,590 | |||
Do-Fluoride Chemicals Co., Ltd. Class A | 2,800 | 4,793 | |||
Gpro Titanium Industry Co., Ltd. Class A (b) | 2,800 | 1,311 | |||
Hengli Petrochemical Co., Ltd. Class A | 2,200 | 5,133 | |||
Jiangsu Yangnong Chemical Co., Ltd. Class A | 300 | 2,023 | |||
Kingfa Sci & Tech Co., Ltd. Class A | 3,000 | 1,933 | |||
Lomon Billions Group Co., Ltd. Class A | 1,700 | 3,400 | |||
Luxi Chemical Group Co., Ltd. Class A | 2,200 | 4,672 | |||
Nanjing Redsun Co., Ltd. Class A | 1,500 | 3,314 | |||
Ningbo Shanshan Co., Ltd. Class A | 1,700 | 4,129 | |||
Qinghai Salt Lake Industry Co., Ltd. Class A (a) | 1,650 | 2,179 | |||
Rongsheng Petro Chemical Co., Ltd. Class A | 2,000 | 3,258 | |||
Shandong Hualu Hengsheng Chemical Co., Ltd. Class A | 1,300 | 3,254 | |||
Shanghai Chlor-Alkali Chemical Co., Ltd. Class A | 1,500 | 1,601 | |||
Shanghai Pret Composites Co., Ltd. Class A | 1,350 | 2,123 | |||
Shanxi Yongdong Chemistry Industry Co., Ltd. Class A | 875 | 1,461 | |||
Shenzhen Noposion Agrochemicals Co., Ltd. Class A | 1,000 | 1,100 | |||
Sichuan Hebang Biotechnology Co., Ltd. Class A | 14,000 | 3,482 | |||
Sichuan Yahua Industrial Group Co., Ltd. Class A | 1,800 | 2,189 | |||
Sinopec Shanghai Petrochemical Co., Ltd. Class A | 3,500 | 2,983 | |||
Tangshan Sanyou Chemical Industries Co., Ltd. Class A | 2,500 | 2,963 | |||
Tianqi Lithium Corp. Class A | 1,190 | 6,582 | |||
Tongkun Group Co., Ltd. Class A | 1,400 | 3,348 | |||
Xinjiang Xuefeng Sci-Tech Group Co., Ltd. Class A | 1,200 | 710 | |||
Xinjiang Zhongtai Chemical Co., Ltd. Class A | 2,300 | 2,870 | |||
Yueyang Xingchang Petrochemical Class A (a) | 772 | 1,159 | |||
Zhejiang Huafeng Spandex Co., Ltd. Class A | 6,800 | 4,312 | |||
Zhejiang Huge Leaf Co., Ltd. Class A (a) (b) | 4,200 | 2,986 | |||
Zhejiang Juhua Co., Ltd. Class A | 3,800 | 4,051 | |||
Zhejiang Longsheng Group Co., Ltd. Class A | 2,800 | 3,975 | |||
Zhejiang Wansheng Co., Ltd. Class A | 300 | 684 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Zhejiang Weixing New Building Materials Co., Ltd. Class A | 900 | $ 1,940 | |||
Zhejiang Xinan Chemical Industrial Group Co., Ltd. Class A | 1,000 | 2,292 | |||
101,876 | |||||
COMMERCIAL SERVICES & SUPPLIES — 0.8% | |||||
Eternal Asia Supply Chain Management, Ltd. Class A | 2,400 | 2,157 | |||
Guangdong Liantai Environmental Protection Co., Ltd. Class A | 1,900 | 3,587 | |||
Jiangsu Flowers King Horticulture Co., Ltd. Class A | 500 | 732 | |||
Jihua Group Corp., Ltd. Class A | 5,000 | 2,698 | |||
Shanghai Environment Group Co., Ltd. Class A | 1,691 | 3,493 | |||
Shanghai Jielong Industry Group Corp., Ltd. Class A | 1,200 | 698 | |||
Shanghai M&G Stationery, Inc. Class A | 600 | 2,710 | |||
Shenzhen ESUN Display Co., Ltd. Class A | 200 | 742 | |||
Tungkong, Inc. Class A | 600 | 1,296 | |||
Tus-Sound Environmental Resources Co., Ltd. Class A | 2,080 | 4,084 | |||
UE Furniture Co., Ltd. Class A | 1,200 | 1,281 | |||
23,478 | |||||
COMMUNICATIONS EQUIPMENT — 1.3% | |||||
Beijing UniStrong Science & Technology Co., Ltd. Class A | 1,400 | 2,963 | |||
Fiberhome Telecommunication Technologies Co., Ltd. Class A | 1,100 | 4,774 | |||
Guangzhou Haige Communications Group, Inc. Co. Class A | 2,100 | 2,688 | |||
Hengtong Optic-electric Co., Ltd. Class A | 1,900 | 6,602 | |||
Hubei Kaile Science & Technology Co., Ltd. Class A | 1,400 | 4,060 | |||
Hytera Communications Corp., Ltd. Class A | 2,300 | 2,696 | |||
Shenzhen Coship Electronics Co., Ltd. Class A (a) | 2,200 | 1,174 | |||
Shenzhen Keybridge Communications Co., Ltd. Class A (a) | 1,200 | 1,307 | |||
Tongding Interconnection Information Co., Ltd. Class A | 2,500 | 3,084 | |||
ZTE Corp. Class A (a) | 2,500 | 6,654 | |||
36,002 | |||||
CONSTRUCTION & ENGINEERING — 3.2% | |||||
Changjiang & Jinggong Steel Building Group Co., Ltd. Class A (a) | 2,500 | 1,091 | |||
Changshu Fengfan Power Equipment Co., Ltd. Class A | 3,300 | 1,541 | |||
China Communications Construction Co., Ltd. Class A | 2,000 | 3,718 | |||
China Gezhouba Group Co., Ltd. Class A | 4,400 | 4,665 | |||
China National Chemical Engineering Co., Ltd. Class A | 4,300 | 4,171 |
Security Description | Shares | Value | |||
China Nuclear Engineering Corp., Ltd. Class A | 2,400 | $ 2,705 | |||
China Railway Construction Corp., Ltd. Class A | 8,400 | 13,622 | |||
China Railway Hi-tech Industry Co., Ltd. Class A | 2,800 | 4,186 | |||
China State Construction Engineering Corp., Ltd. Class A | 27,840 | 22,230 | |||
East China Engineering Science and Technology Co., Ltd. Class A (a) | 1,000 | 995 | |||
Jiangsu Zhongnan Construction Group Co., Ltd. Class A | 1,900 | 1,708 | |||
Jiangsu Zhongtai Bridge Steel Structure Co., Ltd. Class A (a) | 1,300 | 1,893 | |||
Metallurgical Corp. of China, Ltd. Class A | 11,000 | 5,712 | |||
Norinco International Cooperation, Ltd. Class A | 1,650 | 2,119 | |||
Power Construction Corp. of China, Ltd. Class A | 6,100 | 4,747 | |||
Shanghai Construction Group Co., Ltd. Class A | 5,141 | 2,318 | |||
Shanghai Tunnel Engineering Co., Ltd. Class A | 4,700 | 4,177 | |||
Shenzhen Tagen Group Co., Ltd. Class A | 1,680 | 1,424 | |||
Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A | 2,650 | 3,465 | |||
Wuhan Xianglong Power Industry Co., Ltd. Class A (a) | 2,600 | 1,728 | |||
Xinjiang Beixin Road & Bridge Group Co., Ltd. Class A (a) | 1,440 | 1,433 | |||
89,648 | |||||
CONSTRUCTION MATERIALS — 1.4% | |||||
Anhui Conch Cement Co., Ltd. Class A | 2,700 | 14,448 | |||
Anhui Xinli Finance Co., Ltd. Class A (a) (b) | 1,400 | 1,834 | |||
Arcplus Group PLC Class A | 700 | 1,210 | |||
BBMG Corp. Class A | 4,000 | 2,158 | |||
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A | 1,360 | 2,874 | |||
China Jushi Co., Ltd. Class A | 2,900 | 4,475 | |||
Gansu Qilianshan Cement Group Co., Ltd. Class A | 1,500 | 1,676 | |||
Gansu Shangfeng Cement Co., Ltd. Class A | 2,100 | 2,657 | |||
Hainan Ruize New Building Material Co., Ltd. Class A | 1,300 | 1,376 | |||
Jiangxi Wannianqing Cement Co., Ltd. Class A | 1,100 | 1,905 | |||
Shandong Jinjing Science & Technology Co., Ltd. Class A | 4,700 | 2,222 | |||
Shandong Longquan Pipeline Engineering Co., Ltd. Class A | 1,000 | 681 | |||
Tangshan Jidong Cement Co., Ltd. Class A (a) | 1,200 | 1,885 | |||
Xiamen Wanli Stone Stock Co., Ltd. Class A | 1,200 | 1,422 | |||
40,823 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
CONTAINERS & PACKAGING — 0.2% | |||||
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Class A | 2,340 | $ 2,212 | |||
ORG Technology Co., Ltd. Class A | 2,880 | 2,258 | |||
Shanghai Zi Jiang Enterprise Group Co., Ltd. Class A | 3,400 | 1,612 | |||
Shenzhen Beauty Star Co., Ltd. Class A | 100 | 99 | |||
6,181 | |||||
DISTRIBUTORS — 0.3% | |||||
Anhui Xinhua Media Co., Ltd. Class A | 3,000 | 2,893 | |||
Liaoning Cheng Da Co., Ltd. Class A | 1,200 | 2,414 | |||
Shanghai Shenhua Holdings Co., Ltd. Class A (a) | 2,900 | 831 | |||
Wuchan Zhongda Group Co., Ltd. Class A | 4,900 | 3,549 | |||
9,687 | |||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | |||||
Zhejiang Yasha Decoration Co., Ltd. Class A | 2,300 | 1,830 | |||
DIVERSIFIED FINANCIAL SERVICES — 0.3% | |||||
Avic Capital Co., Ltd. Class A | 8,100 | 5,502 | |||
Shanghai AJ Group Co., Ltd. Class A | 2,800 | 3,942 | |||
9,444 | |||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.2% | |||||
263 Network Communications Co., Ltd. Class A (a) | 3,500 | 2,703 | |||
Dr Peng Telecom & Media Group Co., Ltd. Class A | 700 | 1,068 | |||
GuangDong Super Telecom Co., Ltd. Class A | 420 | 1,492 | |||
5,263 | |||||
ELECTRIC UTILITIES — 0.2% | |||||
Shenyang Jinshan Energy Co., Ltd. Class A (a) | 11,800 | 3,741 | |||
Xinjiang Tianfu Energy Co., Ltd. Class A | 3,200 | 1,969 | |||
5,710 | |||||
ELECTRICAL EQUIPMENT — 2.7% | |||||
Anhui Xinlong Electrical Co., Ltd. Class A | 1,100 | 1,051 | |||
Beijing Sifang Automation Co., Ltd. Class A | 1,200 | 916 | |||
Changyuan Group, Ltd. Class A | 2,000 | 2,188 | |||
China XD Electric Co., Ltd. Class A | 3,700 | 1,970 | |||
Dongfang Electronics Co., Ltd. Class A (a) | 5,600 | 2,826 | |||
Fangda Carbon New Material Co., Ltd. Class A | 1,400 | 4,559 | |||
Guoxuan High-Tech Co., Ltd. Class A | 1,200 | 2,389 | |||
Henan Tong-DA Cable Co., Ltd. Class A | 1,300 | 874 | |||
Hongfa Technology Co., Ltd. Class A | 800 | 2,618 | |||
Jiangsu SINOJIT Wind Energy Technology Co., Ltd. Class A | 15,400 | 5,734 |
Security Description | Shares | Value | |||
Jiangsu Zhongtian Technology Co., Ltd. Class A | 3,200 | $ 3,998 | |||
Jiangsu Zongyi Co., Ltd. Class A (a) | 1,200 | 948 | |||
Luxshare Precision Industry Co., Ltd. Class A | 3,250 | 7,289 | |||
Nanjing Kangni Mechanical & Electrical Co., Ltd. Class A | 1,750 | 1,224 | |||
NARI Technology Co., Ltd. Class A | 3,800 | 9,755 | |||
Shanghai Electric Group Co., Ltd. Class A | 5,300 | 4,062 | |||
Shanghai Welltech Automation Co., Ltd. Class A | 900 | 1,386 | |||
Shenzhen Center Power Tech Co., Ltd. Class A | 600 | 792 | |||
Shenzhen Invt Electric Co., Ltd. Class A | 1,700 | 1,226 | |||
Shenzhen Moso Power Supply Technology Co., Ltd. Class A (a) | 1,600 | 1,406 | |||
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class A | 1,600 | 936 | |||
Sieyuan Electric Co., Ltd. Class A | 1,020 | 1,801 | |||
TBEA Co., Ltd. Class A | 4,813 | 5,019 | |||
Tongling Jingda Special Magnet Wire Co., Ltd. Class A | 6,000 | 2,985 | |||
Xinjiang Goldwind Science & Technology Co., Ltd. Class A | 2,010 | 3,511 | |||
Zhejiang Chint Electrics Co., Ltd. Class A | 1,700 | 5,697 | |||
77,160 | |||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.1% | |||||
AVIC Jonhon OptronicTechnology Co., Ltd. Class A | 836 | 5,350 | |||
Beijing SDL Technology Co., Ltd. Class A | 700 | 750 | |||
Dongxu Optoelectronic Technology Co., Ltd. Class A | 5,100 | 4,021 | |||
Foxconn Industrial Internet Co., Ltd. Class A (a) | 2,400 | 4,971 | |||
Fujian Torch Electron Technology Co., Ltd. Class A | 600 | 1,683 | |||
GoerTek, Inc. Class A | 2,700 | 3,260 | |||
Guangdong Fenghua Advanced Technology Holding Co., Ltd. Class A | 1,200 | 2,625 | |||
Hangzhou Hikvision Digital Technology Co., Ltd. Class A | 6,550 | 27,380 | |||
Holitech Technology Co., Ltd. Class A (b) | 3,000 | 2,581 | |||
NAURA Technology Group Co., Ltd. Class A | 300 | 2,053 | |||
Ningbo Yunsheng Co., Ltd. Class A | 1,620 | 1,254 | |||
O-film Tech Co., Ltd. Class A | 1,700 | 3,336 | |||
Shengyi Technology Co., Ltd. Class A | 2,200 | 3,369 | |||
Shenzhen Fastprint Circuit Tech Co., Ltd. Class A | 2,700 | 1,547 | |||
Shenzhen Infinova, Ltd. Class A (a) | 2,210 | 1,202 | |||
Shenzhen Mason Technologies Co., Ltd. Class A | 2,400 | 1,588 | |||
Shenzhen Sunlord Electronics Co., Ltd. Class A | 800 | 1,920 | |||
TDG Holdings Co., Ltd. Class A | 2,040 | 1,878 | |||
Tianma Microelectronics Co., Ltd. Class A | 2,200 | 3,888 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Unigroup Guoxin Microelectronics Co., Ltd. Class A | 400 | $ 2,193 | |||
Unisplendour Corp., Ltd. Class A | 500 | 3,064 | |||
Westone Information Industry, Inc. Class A | 600 | 1,978 | |||
WUS Printed Circuit Kunshan Co., Ltd. Class A | 3,400 | 3,190 | |||
Zhejiang Dahua Technology Co., Ltd. Class A | 1,850 | 3,974 | |||
89,055 | |||||
ENERGY EQUIPMENT & SERVICES — 0.6% | |||||
Beijing New Oriental Star Petrochemical Engineering Co., Ltd. Class A | 340 | 700 | |||
Cangzhou Mingzhu Plastic Co., Ltd. Class A | 299 | 199 | |||
Changzheng Engineering Co., Ltd. Class A | 1,400 | 3,197 | |||
Offshore Oil Engineering Co., Ltd. Class A | 5,500 | 5,408 | |||
Yantai Jereh Oilfield Services Group Co., Ltd. Class A | 1,300 | 4,118 | |||
Zhejiang Kingland Pipeline & Technologies Co., Ltd. Class A | 2,300 | 2,221 | |||
15,843 | |||||
ENTERTAINMENT — 0.7% | |||||
China Film Co., Ltd. Class A | 1,600 | 3,041 | |||
China Television Media, Ltd. Class A | 840 | 1,085 | |||
Contemporary Eastern Investment Co., Ltd. Class A (a) | 100 | 104 | |||
Giant Network Group Co., Ltd. Class A (b) | 1,600 | 4,717 | |||
Hunan Tianrun Digital Entertainment & Cultural Media Co., Ltd. Class A (a) | 401 | 268 | |||
Kingnet Network Co., Ltd. Class A | 4,300 | 2,996 | |||
Perfect World Co., Ltd. Class A | 400 | 1,406 | |||
Wanda Film Holding Co., Ltd. Class A (b) | 300 | 1,425 | |||
Wuhan DDMC Culture Co., Ltd. Class A | 1,000 | 1,860 | |||
Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. Class A | 800 | 1,253 | |||
Youzu Interactive Co., Ltd. Class A | 1,300 | 3,061 | |||
21,216 | |||||
FOOD & STAPLES RETAILING — 0.6% | |||||
Laobaixing Pharmacy Chain JSC Class A | 400 | 3,638 | |||
New Huadu Supercenter Co., Ltd. Class A (a) | 1,700 | 1,788 | |||
Sanjiang Shopping Club Co., Ltd. Class A | 800 | 1,648 | |||
Shanghai Bailian Group Co., Ltd. Class A | 1,000 | 1,342 | |||
Yonghui Superstores Co., Ltd. Class A | 6,700 | 7,942 | |||
16,358 | |||||
FOOD PRODUCTS — 3.3% | |||||
Angel Yeast Co., Ltd. Class A | 1,200 | 5,147 | |||
Baotou Huazi Industry Co., Ltd. Class A | 1,500 | 969 | |||
Beijing Dabeinong Technology Group Co., Ltd. Class A | 6,750 | 3,613 | |||
Bright Dairy & Food Co., Ltd. Class A | 1,700 | 2,324 | |||
COFCO Tunhe Sugar Co., Ltd. Class A | 2,000 | 2,112 |
Security Description | Shares | Value | |||
Foshan Haitian Flavouring & Food Co., Ltd. Class A | 1,600 | $ 18,431 | |||
Gansu Yasheng Industrial Group Co., Ltd. Class A | 2,800 | 1,234 | |||
Guangdong Haid Group Co., Ltd. Class A | 1,200 | 3,794 | |||
Heilongjiang Agriculture Co., Ltd. Class A | 800 | 1,186 | |||
Henan Shuanghui Investment & Development Co., Ltd. Class A | 1,800 | 6,846 | |||
Hunan Dakang International Food & Agriculture Co., Ltd. Class A (a) | 6,080 | 1,556 | |||
Inner Mongolia Yili Industrial Group Co., Ltd. Class A | 4,300 | 16,061 | |||
Jonjee Hi-Tech Industrial And Commercial Holding Co., Ltd. Class A | 847 | 4,016 | |||
Lotus Health Group Co. Class A (a) | 3,000 | 886 | |||
Luoniushan Co., Ltd. Class A | 1,500 | 2,079 | |||
MeiHua Holdings Group Co., Ltd. Class A | 2,800 | 1,649 | |||
Muyuan Foodstuff Co., Ltd. Class A | 1,000 | 3,622 | |||
New Hope Liuhe Co., Ltd. Class A | 4,000 | 3,566 | |||
Qiaqia Food Co., Ltd. Class A | 300 | 753 | |||
Shandong Delisi Food Co., Ltd. Class A | 2,800 | 1,763 | |||
Shanghai Maling Aquarius Co., Ltd. Class A | 2,500 | 2,534 | |||
Tongwei Co., Ltd. Class A | 4,500 | 4,366 | |||
Xinjiang Guannong Fruit & Antler Group Co., Ltd. Class A | 1,800 | 1,490 | |||
Yuan Longping High-tech Agriculture Co., Ltd. Class A | 1,400 | 3,201 | |||
93,198 | |||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.1% | |||||
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A | 900 | 2,433 | |||
HEALTH CARE PROVIDERS & SERVICES — 1.1% | |||||
China National Accord Medicines Corp., Ltd. Class A | 400 | 2,657 | |||
China National Medicines Corp., Ltd. Class A | 600 | 2,292 | |||
Huadong Medicine Co., Ltd. Class A | 1,100 | 6,716 | |||
Jointown Pharmaceutical Group Co., Ltd. Class A | 1,400 | 3,087 | |||
Meinian Onehealth Healthcare Holdings Co., Ltd. Class A | 2,180 | 5,463 | |||
Realcan Pharmaceutical Co., Ltd. Class A | 800 | 1,162 | |||
Shanghai Pharmaceuticals Holding Co., Ltd. Class A | 1,300 | 3,876 | |||
Tibet Rhodiola Pharmaceutical Holding Co. Class A | 400 | 1,776 | |||
Topchoice Medical Investment Corp. Class A | 400 | 3,125 | |||
30,154 | |||||
HOTELS, RESTAURANTS & LEISURE — 1.0% | |||||
BTG Hotels Group Co., Ltd. Class A | 1,600 | 4,712 | |||
China International Travel Service Corp., Ltd. Class A | 1,500 | 14,840 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
ENC Data Technology Co., Ltd. Class A | 600 | $ 1,565 | |||
Shanghai Jinjiang International Hotels Development Co., Ltd. Class A | 800 | 3,072 | |||
Shenzhen Overseas Chinese Town Co., Ltd. Class A | 4,500 | 4,123 | |||
28,312 | |||||
HOUSEHOLD DURABLES — 3.2% | |||||
Chahua Modern Housewares Co., Ltd. Class A | 1,200 | 1,625 | |||
Guangdong Homa Appliances Co., Ltd. Class A (b) | 1,632 | 2,410 | |||
Guangzhou Holike Creative Home Co., Ltd. Class A | 600 | 1,826 | |||
Hangzhou Robam Appliances Co., Ltd. Class A | 1,300 | 4,428 | |||
Hisense Electric Co., Ltd. Class A | 1,600 | 2,362 | |||
Leo Group Co., Ltd. Class A | 4,663 | 1,248 | |||
Markor International Home Furnishings Co., Ltd. Class A | 2,530 | 1,693 | |||
Midea Group Co., Ltd. Class A (b) | 5,900 | 36,457 | |||
NavInfo Co., Ltd. Class A | 1,000 | 2,669 | |||
Qingdao Haier Co., Ltd. Class A | 4,800 | 11,533 | |||
Sichuan Changhong Electric Co., Ltd. Class A | 6,900 | 2,699 | |||
Sichuan Jiuzhou Electric Co., Ltd. Class A | 3,400 | 2,344 | |||
Suofeiya Home Collection Co., Ltd. Class A | 600 | 1,907 | |||
TCL Corp. Class A | 11,700 | 4,782 | |||
Vatti Corp., Ltd. Class A | 1,400 | 2,120 | |||
Wuxi Little Swan Co., Ltd. Class A (b) | 600 | 4,278 | |||
Xiamen Goldenhome Co., Ltd. Class A | 100 | 871 | |||
Xiamen Intretech, Inc. Class A | 300 | 1,935 | |||
Zhejiang Supor Co., Ltd. Class A | 300 | 2,355 | |||
89,542 | |||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 2.6% | |||||
An Hui Wenergy Co., Ltd. Class A | 2,210 | 1,350 | |||
China National Nuclear Power Co., Ltd. Class A | 6,800 | 5,944 | |||
China Yangtze Power Co., Ltd. Class A | 8,900 | 21,203 | |||
Datang Huayin Electric Power Co., Ltd. Class A (a) | 2,100 | 822 | |||
GD Power Development Co., Ltd. Class A | 12,200 | 4,525 | |||
Huadian Power International Corp., Ltd. Class A | 5,500 | 3,360 | |||
Huaneng Power International, Inc. Class A | 4,400 | 4,934 | |||
Hubei Energy Group Co., Ltd. Class A | 3,200 | 1,876 | |||
Inner Mongolia MengDian HuaNeng Thermal Power Corp., Ltd. Class A | 5,600 | 1,841 | |||
SDIC Power Holdings Co., Ltd. Class A | 5,300 | 5,920 | |||
Shanghai Electric Power Co., Ltd. Class A | 2,700 | 2,945 | |||
Shanxi Zhangze Electric Power Co., Ltd. Class A (a) | 4,200 | 1,643 | |||
Shenergy Co., Ltd. Class A | 3,900 | 2,984 | |||
Shenzhen Energy Group Co., Ltd. Class A | 2,700 | 2,132 | |||
Sichuan Chuantou Energy Co., Ltd. Class A | 4,500 | 5,485 |
Security Description | Shares | Value | |||
Zhejiang Zheneng Electric Power Co., Ltd. Class A | 6,800 | $ 5,024 | |||
Zhongmin Energy Co., Ltd. Class A (a) | 4,400 | 2,099 | |||
74,087 | |||||
INDUSTRIAL CONGLOMERATES — 0.2% | |||||
China Baoan Group Co., Ltd. Class A | 4,525 | 3,054 | |||
Create Technology & Science Co., Ltd. Class A | 3,500 | 2,866 | |||
5,920 | |||||
INSURANCE — 4.3% | |||||
China Life Insurance Co., Ltd. Class A | 1,100 | 3,629 | |||
China Pacific Insurance Group Co., Ltd. Class A | 4,500 | 23,241 | |||
Hubei Biocause Pharmaceutical Co., Ltd. Class A | 4,600 | 4,222 | |||
New China Life Insurance Co., Ltd. Class A | 1,600 | 11,747 | |||
Ping An Insurance Group Co. of China, Ltd. Class A | 7,500 | 74,723 | |||
Xishui Strong Year Co., Ltd. Inner Mongolia Class A | 1,800 | 3,241 | |||
120,803 | |||||
INTERNET & DIRECT MARKETING RETAIL — 0.1% | |||||
Focus Technology Co., Ltd. Class A | 600 | 1,178 | |||
Global Top E-Commerce Co., Ltd. Class A | 1,000 | 1,820 | |||
2,998 | |||||
IT SERVICES — 0.3% | |||||
DHC Software Co., Ltd. Class A | 1,900 | 2,487 | |||
Fujian Rongji Software Co., Ltd. Class A | 2,300 | 2,489 | |||
Shanghai AtHub Co., Ltd. Class A | 300 | 1,339 | |||
Taiji Computer Corp., Ltd. Class A | 200 | 891 | |||
7,206 | |||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | |||||
Alpha Group Class A (a) | 1,200 | 1,110 | |||
Comefly Outdoor Co., Ltd. Class A | 400 | 1,293 | |||
2,403 | |||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | |||||
Shanghai Runda Medical Technology Co., Ltd. Class A | 1,080 | 1,483 | |||
MACHINERY — 3.4% | |||||
Anhui Ankai Automobile Co., Ltd. Class A (a) | 2,500 | 1,644 | |||
Anhui Heli Co., Ltd. Class A | 2,280 | 3,174 | |||
China International Marine Containers Group Co., Ltd. Class A | 1,400 | 2,411 | |||
CRRC Corp., Ltd. Class A | 14,200 | 17,844 | |||
Dongguan Chitwing Technology Co., Ltd. Class A | 1,300 | 1,728 | |||
Eurocrane China Co., Ltd. Class A | 780 | 996 | |||
Fujian Longma Environmental Sanitation Equipment Co., Ltd. Class A | 700 | 1,558 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Fujian Longxi Bearing Group Co., Ltd. Class A | 2,500 | $ 2,185 | |||
Geron Co., Ltd. Class A | 100 | 227 | |||
Han's Laser Technology Industry Group Co., Ltd. Class A | 900 | 5,546 | |||
Inner Mongolia First Machinery Group Co., Ltd. Class A | 1,400 | 2,818 | |||
Linzhou Heavy Machinery Group Co., Ltd. Class A (a) | 7,610 | 4,151 | |||
Mesnac Co., Ltd. Class A (a) | 1,300 | 1,029 | |||
Nancal Energy-Saving Technology Co., Ltd. Class A | 600 | 1,420 | |||
Nanxing Furniture Machinery & Equipment Co., Ltd. Class A | 300 | 1,244 | |||
North Navigation Control Technology Co., Ltd. Class A | 2,600 | 3,290 | |||
Sanlux Co., Ltd. Class A | 2,000 | 1,693 | |||
Sany Heavy Industry Co., Ltd. Class A | 6,200 | 8,008 | |||
Shanghai Mechanical and Electrical Industry Co., Ltd. Class A | 800 | 1,862 | |||
Shanghai Xinpeng Industrial Co., Ltd. Class A | 2,400 | 1,840 | |||
Shantui Construction Machinery Co., Ltd. Class A (a) | 3,200 | 1,759 | |||
Shenzhen Silver Basis Technology Co., Ltd. Class A | 1,800 | 1,563 | |||
Sunward Intelligent Equipment Co., Ltd. Class A | 2,600 | 2,500 | |||
Taiyuan Heavy Industry Co., Ltd. Class A (a) | 4,600 | 1,599 | |||
Tian Di Science & Technology Co., Ltd. Class A | 6,300 | 3,839 | |||
Weichai Power Co., Ltd. Class A | 4,800 | 5,969 | |||
Weihai Guangtai Airport Equipment Co., Ltd. Class A | 700 | 1,076 | |||
XCMG Construction Machinery Co., Ltd. Class A | 7,600 | 4,366 | |||
Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A | 1,400 | 2,712 | |||
Zhengzhou Yutong Bus Co., Ltd. Class A | 1,600 | 3,414 | |||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A | 4,700 | 2,557 | |||
96,022 | |||||
MARINE — 0.2% | |||||
COSCO SHIPPING Development Co., Ltd. Class A (a) | 5,800 | 2,016 | |||
COSCO SHIPPING Holdings Co., Ltd. Class A (a) | 7,800 | 4,629 | |||
6,645 | |||||
MEDIA — 0.6% | |||||
Beijing Gehua CATV Network Co., Ltd. Class A | 1,000 | 1,436 | |||
China South Publishing & Media Group Co., Ltd. Class A | 1,300 | 2,282 | |||
Chinese Universe Publishing and Media Co., Ltd. Class A | 2,100 | 3,332 | |||
CITIC Guoan Information Industry Co., Ltd. Class A | 4,000 | 2,252 |
Security Description | Shares | Value | |||
Guangdong Advertising Group Co., Ltd. Class A (a) | 1,859 | $ 811 | |||
Jishi Media Co., Ltd. Class A | 3,500 | 1,125 | |||
Shanghai Oriental Pearl Group Co., Ltd. Class A | 3,270 | 4,794 | |||
Shenzhen Topway Video Communication Co., Ltd. Class A | 1,680 | 1,508 | |||
17,540 | |||||
METALS & MINING — 4.4% | |||||
Advanced Technology & Materials Co., Ltd. Class A | 2,100 | 1,637 | |||
Angang Steel Co., Ltd. Class A | 3,600 | 3,215 | |||
Anyang Iron & Steel, Inc. Class A (a) | 3,400 | 1,958 | |||
Baoshan Iron & Steel Co., Ltd. Class A | 13,656 | 15,592 | |||
China Molybdenum Co., Ltd. Class A | 7,000 | 4,643 | |||
China Northern Rare Earth Group High-Tech Co., Ltd. Class A | 2,400 | 3,571 | |||
GEM Co., Ltd. Class A | 4,400 | 3,360 | |||
Hesteel Co., Ltd. Class A | 10,800 | 5,121 | |||
Hunan Gold Corp., Ltd. Class A (a) | 1,700 | 1,629 | |||
Inner Mongolia BaoTou Steel Union Co., Ltd. Class A | 25,600 | 6,181 | |||
Jiangxi Copper Co., Ltd. Class A | 1,500 | 3,157 | |||
Jiangxi Ganfeng Lithium Co., Ltd. Class A | 1,300 | 6,143 | |||
Jinduicheng Molybdenum Co., Ltd. Class A | 3,800 | 3,493 | |||
Maanshan Iron & Steel Co., Ltd. Class A | 9,600 | 5,725 | |||
Nanjing Iron & Steel Co., Ltd. Class A | 6,800 | 4,114 | |||
Shandong Gold Mining Co., Ltd. Class A | 1,600 | 5,508 | |||
Shandong Humon Smelting Co., Ltd. Class A | 1,000 | 1,226 | |||
Shandong Nanshan Aluminum Co., Ltd. Class A | 8,400 | 3,397 | |||
Shenghe Resources Holding Co., Ltd. Class A | 1,430 | 2,005 | |||
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A | 6,550 | 4,363 | |||
Tongling Nonferrous Metals Group Co., Ltd. Class A | 10,600 | 3,376 | |||
Western Mining Co., Ltd. Class A | 2,600 | 2,401 | |||
Xiamen Tungsten Co., Ltd. Class A | 1,400 | 2,922 | |||
Xinxing Ductile Iron Pipes Co., Ltd. Class A | 2,900 | 2,046 | |||
Xinyu Iron & Steel Co., Ltd. Class A | 2,700 | 2,317 | |||
Yintai Resources Co., Ltd. Class A | 1,900 | 2,238 | |||
Yunnan Aluminium Co., Ltd. Class A | 2,600 | 1,970 | |||
Yunnan Chihong Zinc&Germanium Co., Ltd. Class A | 5,300 | 3,585 | |||
Yunnan Tin Co., Ltd. Class A (a) | 1,200 | 1,834 | |||
Zhejiang Huayou Cobalt Co., Ltd. Class A | 520 | 4,031 | |||
Zhongjin Gold Corp., Ltd. Class A | 4,130 | 4,079 | |||
Zijin Mining Group Co., Ltd. Class A | 12,400 | 6,439 | |||
123,276 | |||||
MULTILINE RETAIL — 0.6% | |||||
Beijing Capital Retailing Group Co., Ltd. Class A | 1,800 | 1,772 | |||
Beijing Hualian Department Store Co., Ltd. Class A | 4,600 | 1,726 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Chengdu Hongqi Chain Co., Ltd. Class A | 2,800 | $ 1,967 | |||
Dalian Friendship Group Class A (a) | 4,200 | 2,468 | |||
Hunan Friendship & Apollo Cmmericial Co., Ltd. Class A | 4,000 | 2,403 | |||
Rainbow Department Store Co., Ltd. Class A | 750 | 1,231 | |||
Shanghai Yimin Commerce Group Co., Ltd. Class A | 6,700 | 3,323 | |||
Wuhan Department Store Group Co., Ltd. Class A | 2,080 | 3,204 | |||
18,094 | |||||
OIL, GAS & CONSUMABLE FUELS — 2.7% | |||||
Anhui Province Natural Gas Development Co., Ltd. Class A | 3,500 | 5,961 | |||
China Petroleum & Chemical Corp. Class A | 15,800 | 16,362 | |||
China Shenhua Energy Co., Ltd. Class A | 2,300 | 6,821 | |||
Guanghui Energy Co., Ltd. Class A | 7,000 | 5,203 | |||
Jizhong Energy Resources Co., Ltd. Class A | 4,100 | 2,433 | |||
Oriental Energy Co., Ltd. Class A | 1,600 | 2,085 | |||
PetroChina Co., Ltd. Class A | 6,900 | 9,203 | |||
Shaanxi Coal Industry Co., Ltd. Class A | 5,400 | 6,833 | |||
Shandong Xinchao Energy Corp., Ltd. Class A (a) | 7,200 | 2,534 | |||
Shanxi Lanhua Sci-Tech Venture Co., Ltd. Class A | 3,300 | 3,456 | |||
Shanxi Lu'an Environmental Energy Development Co., Ltd. Class A | 4,400 | 5,145 | |||
Shanxi Xishan Coal & Electricity Power Co., Ltd. Class A | 3,800 | 3,675 | |||
Sinopec Shandong Taishan Petroleum Co., Ltd. Class A | 3,100 | 2,678 | |||
Yang Quan Coal Industry Group Co., Ltd. Class A | 3,400 | 2,918 | |||
75,307 | |||||
PAPER & FOREST PRODUCTS — 0.4% | |||||
DeHua TB New Decoration Materials Co., Ltd. Class A | 1,950 | 1,937 | |||
Fujian Jinsen Forestry Co., Ltd. Class A | 680 | 1,173 | |||
Guangdong Weihua Corp. Class A (a) | 1,100 | 1,702 | |||
Shandong Sun Paper Industry JSC, Ltd. Class A | 2,700 | 3,004 | |||
Shanying International Holding Co., Ltd. Class A | 4,500 | 2,455 | |||
10,271 | |||||
PERSONAL PRODUCTS — 0.1% | |||||
Shanghai Jahwa United Co., Ltd. Class A | 1,000 | 4,291 | |||
PHARMACEUTICALS — 5.7% | |||||
Beijing Tongrentang Co., Ltd. Class A | 1,100 | 5,080 | |||
Changchun High & New Technology Industry Group, Inc. Class A | 100 | 3,447 | |||
China Resources Double Crane Pharmaceutical Co., Ltd. Class A | 1,280 | 2,927 |
Security Description | Shares | Value | |||
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A | 1,000 | $ 3,705 | |||
Dong-E-E-Jiao Co., Ltd. Class A | 700 | 4,833 | |||
Guangdong Zhongsheng Pharmaceutical Co., Ltd. Class A | 1,900 | 2,645 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class A | 1,000 | 5,323 | |||
Guizhou Bailing Group Pharmaceutical Co., Ltd. Class A | 1,000 | 1,341 | |||
Harbin Medisan Pharmaceutical Co., Ltd. Class A | 600 | 1,124 | |||
Hubei Jumpcan Pharmaceutical Co., Ltd. Class A | 900 | 5,156 | |||
Humanwell Healthcare Group Co., Ltd. Class A | 1,000 | 1,888 | |||
Jiangsu Hengrui Medicine Co., Ltd. Class A | 2,672 | 24,678 | |||
Jilin Aodong Pharmaceutical Group Co., Ltd. Class A | 1,430 | 3,415 | |||
Joincare Pharmaceutical Group Industry Co., Ltd. Class A | 1,400 | 1,882 | |||
Kangmei Pharmaceutical Co., Ltd. Class A | 3,100 | 9,865 | |||
Livzon Pharmaceutical Group, Inc. Class A | 900 | 4,435 | |||
Renhe Pharmacy Co., Ltd. Class A | 1,800 | 1,793 | |||
Shandong Buchang Pharmaceuticals Co., Ltd. Class A | 730 | 3,089 | |||
Shandong Lukang Pharma Class A | 900 | 1,632 | |||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A | 1,300 | 5,965 | |||
Shenzhen Hepalink Pharmaceutical Group Co., Ltd. Class A | 1,280 | 3,575 | |||
Shenzhen Salubris Pharmaceuticals Co., Ltd. Class A | 800 | 3,288 | |||
Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A | 1,500 | 2,679 | |||
Sichuan Kelun Pharmaceutical Co., Ltd. Class A | 1,400 | 5,431 | |||
Sichuan Languang Development Co., Ltd. Class A | 2,700 | 1,999 | |||
Tasly Pharmaceutical Group Co., Ltd. Class A | 1,240 | 4,127 | |||
Tianjin Lisheng Pharmaceutical Co., Ltd. Class A | 900 | 2,885 | |||
Tonghua Dongbao Pharmaceutical Co., Ltd. Class A | 1,382 | 3,646 | |||
Yabao Pharmaceutical Group Co., Ltd. Class A | 1,500 | 1,566 | |||
Yifan Pharmaceutical Co., Ltd. Class A | 900 | 1,543 | |||
Yunnan Baiyao Group Co., Ltd. Class A (b) | 1,600 | 17,028 | |||
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. Class A | 400 | 5,891 | |||
Zhejiang Huahai Pharmaceutical Co., Ltd. Class A | 1,500 | 4,776 | |||
Zhejiang NHU Co., Ltd. Class A | 1,300 | 2,944 | |||
Zhejiang Xianju Pharmaceutical Co., Ltd. Class A | 2,700 | 2,776 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Zhejiang Yatai Pharmaceutical Co., Ltd. Class A | 800 | $ 1,456 | |||
159,833 | |||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.0% | |||||
Beijing Capital Development Co., Ltd. Class A | 2,500 | 2,614 | |||
Beijing Centergate Technologies Holding Co., Ltd. Class A (a) | 3,200 | 2,820 | |||
Beijing Urban Construction Investment & Development Co., Ltd. Class A | 1,500 | 1,802 | |||
China Enterprise Co., Ltd. Class A (a) | 4,000 | 3,194 | |||
China Fortune Land Development Co., Ltd. Class A | 2,200 | 8,105 | |||
China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A | 4,921 | 13,377 | |||
China Vanke Co., Ltd. Class A | 6,800 | 24,034 | |||
Chongqing Dima Industry Co., Ltd. Class A | 3,600 | 1,545 | |||
Citychamp Dartong Co., Ltd. Class A | 2,100 | 1,203 | |||
Financial Street Holdings Co., Ltd. Class A | 2,900 | 2,969 | |||
Future Land Holdings Co., Ltd. Class A | 1,600 | 6,095 | |||
Gemdale Corp. Class A | 3,800 | 5,013 | |||
Greenland Holdings Corp., Ltd. Class A | 4,600 | 4,282 | |||
Guangdong Shirongzhaoye Co., Ltd. Class A | 1,900 | 2,891 | |||
Hainan Expressway Co., Ltd. Class A | 2,300 | 1,378 | |||
Hainan Haide Industry Co., Ltd. Class A (a) | 1,000 | 1,772 | |||
Hangzhou Binjiang Real Estate Group Co., Ltd. Class A | 4,000 | 2,368 | |||
Hubei Fuxing Science And Technology Co., Ltd. Class A | 1,700 | 1,748 | |||
Jinke Properties Group Co., Ltd. Class A | 4,100 | 3,077 | |||
Kinghand Industrial Investment Co., Ltd. Class A | 1,400 | 1,191 | |||
Lushang Property Co., Ltd. Class A (a) | 3,200 | 1,294 | |||
Myhome Real Estate Development Group Co., Ltd. Class A | 3,600 | 1,194 | |||
Poly Real Estate Group Co., Ltd. Class A | 8,600 | 15,223 | |||
RiseSun Real Estate Development Co., Ltd. Class A | 3,400 | 3,946 | |||
Shanghai Chinafortune Co., Ltd. Class A | 1,600 | 1,824 | |||
Shanghai SMI Holding Co., Ltd. Class A | 2,900 | 2,417 | |||
Shanghai Zhangjiang High-Tech Park Development Co., Ltd. Class A | 1,300 | 1,891 | |||
Shenzhen World Union Properties Consultancy, Inc. Class A | 2,100 | 1,866 | |||
Tahoe Group Co., Ltd. Class A | 1,600 | 3,602 | |||
Tianjin Guangyu Development Co., Ltd. Class A | 2,200 | 2,563 | |||
Xinhu Zhongbao Co., Ltd. Class A | 6,700 | 3,031 | |||
Yango Group Co., Ltd. Class A | 3,100 | 2,687 | |||
Youngor Group Co., Ltd. Class A | 2,660 | 2,867 | |||
Zhejiang China Commodities City Group Co., Ltd. Class A | 4,100 | 2,427 |
Security Description | Shares | Value | |||
Zhongtian Financial Group Co., Ltd. Class A (b) | 4,500 | $ 2,895 | |||
141,205 | |||||
ROAD & RAIL — 0.7% | |||||
China High Speed Railway Technology Co., Ltd. Class A | 3,300 | 2,112 | |||
Daqin Railway Co., Ltd. Class A | 10,400 | 12,449 | |||
Guangshen Railway Co., Ltd. Class A | 5,600 | 2,940 | |||
NanJing Public Utilities Development Co., Ltd. Class A | 3,000 | 2,134 | |||
19,635 | |||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.2% | |||||
EGing Photovoltaic Technology Co., Ltd. Class A | 9,100 | 4,116 | |||
GCL System Integration Technology Co., Ltd. Class A (a) | 3,600 | 2,592 | |||
Hangzhou Silan Microelectronics Co., Ltd. Class A | 2,600 | 3,778 | |||
Jiangsu Changjiang Electronics Technology Co., Ltd. Class A | 1,400 | 2,647 | |||
LONGi Green Energy Technology Co., Ltd. Class A | 2,520 | 5,205 | |||
MLS Co., Ltd. Class A | 1,300 | 3,037 | |||
Sanan Optoelectronics Co., Ltd. Class A | 3,140 | 7,471 | |||
Shanghai Belling Co., Ltd. Class A | 2,700 | 3,848 | |||
32,694 | |||||
SOFTWARE — 1.6% | |||||
Aisino Corp. Class A | 1,400 | 5,667 | |||
Beijing Shiji Information Technology Co., Ltd. Class A | 700 | 3,437 | |||
Glodon Co., Ltd. Class A | 1,000 | 3,895 | |||
Hangzhou Lianluo Interactive Information Technology Co., Ltd. Class A (a) | 2,500 | 1,833 | |||
Hundsun Technologies, Inc. Class A | 500 | 4,015 | |||
Iflytek Co., Ltd. Class A | 1,650 | 6,856 | |||
Inspur Software Co., Ltd. Class A | 400 | 1,057 | |||
Neusoft Corp. Class A | 1,200 | 2,025 | |||
Shanghai 2345 Network Holding Group Co., Ltd. Class A | 4,052 | 2,534 | |||
Shanghai Golden Bridge InfoTech Co., Ltd. Class A | 600 | 1,265 | |||
Shen Zhen Mindata Holding Co., Ltd. Class A (a) | 1,400 | 1,431 | |||
Sinodata Co., Ltd. Class A (a) | 1,800 | 4,013 | |||
Venustech Group, Inc. Class A | 600 | 1,646 | |||
Wisesoft Co., Ltd. Class A | 500 | 1,031 | |||
Yonyou Network Technology Co., Ltd. Class A | 1,330 | 5,382 | |||
46,087 | |||||
SPECIALTY RETAIL — 0.6% | |||||
China Grand Automotive Services Co., Ltd. Class A | 3,900 | 3,664 | |||
Pang Da Automobile Trade Co., Ltd. Class A (a) | 5,700 | 1,418 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Suning Commerce Group Co., Ltd. Class A | 6,700 | $ 13,136 | |||
18,218 | |||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.5% | |||||
BOE Technology Group Co., Ltd. Class A | 24,200 | 11,087 | |||
China Greatwall Technology Group Co., Ltd. Class A | 3,000 | 2,867 | |||
Dawning Information Industry Co., Ltd. Class A | 500 | 3,409 | |||
Focus Media Information Technology Co., Ltd. Class A | 9,060 | 11,214 | |||
GRG Banking Equipment Co., Ltd. Class A | 3,625 | 3,380 | |||
Guangzhou KingTeller Technology Co., Ltd. Class A | 2,700 | 1,327 | |||
Inspur Electronic Information Industry Co., Ltd. Class A | 940 | 3,292 | |||
Ninestar Corp. Class A | 1,000 | 3,758 | |||
Shenzhen Sinovatio Technology Co., Ltd. Class A | 100 | 1,357 | |||
41,691 | |||||
TEXTILES, APPAREL & LUXURY GOODS — 1.1% | |||||
Anhui Huamao Textile Co. Class A | 4,300 | 2,133 | |||
Bros Eastern Co., Ltd. Class A | 3,000 | 2,273 | |||
Gansu Gangtai Holding Group Co., Ltd. Class A | 1,300 | 700 | |||
Heilan Home Co., Ltd. Class A | 2,700 | 4,041 | |||
Huafu Top Dyed Melange Yarn Co., Ltd. Class A | 3,750 | 3,720 | |||
Huasi Holding Co., Ltd. Class A (a) | 1,000 | 839 | |||
Jiangsu Huaxicun Co., Ltd. Class A | 2,000 | 1,492 | |||
Jiangsu Sunshine Co., Ltd. Class A (a) | 3,300 | 1,051 | |||
Luthai Textile Co., Ltd. Class A | 2,100 | 2,831 | |||
NanJi E-Commerce Co., Ltd. Class A | 3,000 | 3,194 | |||
Yantai Tayho Advanced Materials Co., Ltd. Class A | 1,800 | 2,953 | |||
Zhejiang Ming Jewelry Co., Ltd. Class A | 1,500 | 1,148 | |||
Zhejiang Weixing Industrial Development Co., Ltd. Class A | 3,190 | 3,614 | |||
29,989 | |||||
TRADING COMPANIES & DISTRIBUTORS — 0.6% | |||||
China Meheco Co., Ltd. Class A | 600 | 1,468 | |||
Jiangsu Guotai International Group Guomao Co., Ltd. Class A | 2,600 | 2,231 | |||
Jiangsu Sainty Corp., Ltd. Class A | 4,300 | 3,277 | |||
Shanghai Lansheng Corp. Class A | 600 | 1,440 | |||
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A | 700 | 1,637 | |||
Sinochem International Corp. Class A | 2,300 | 2,486 | |||
Tianjin Teda Co., Ltd. Class A | 4,500 | 1,963 | |||
Xiamen C & D, Inc. Class A | 2,800 | 3,303 | |||
17,805 |
Security Description | Shares | Value | ||||
TRANSPORTATION INFRASTRUCTURE — 1.1% | ||||||
Dalian Port PDA Co., Ltd. Class A | 7,130 | $ 2,053 | ||||
Fujian Expressway Development Co., Ltd. Class A | 9,700 | 4,233 | ||||
Guangzhou Baiyun International Airport Co., Ltd. Class A | 1,100 | 2,043 | ||||
Henan Zhongyuan Expressway Co., Ltd. Class A | 4,400 | 2,304 | ||||
Hubei Chutian Expressway Co., Ltd. Class A | 6,400 | 2,923 | ||||
Jiangxi Ganyue Expressway Co., Ltd. Class A | 4,000 | 2,403 | ||||
Ningbo Zhoushan Port Co., Ltd. Class A | 4,700 | 2,803 | ||||
Shanghai International Port Group Co., Ltd. Class A | 1,500 | 1,180 | ||||
Shenzhen Yan Tian Port Holding Co., Ltd. Class A | 3,100 | 2,615 | ||||
TangShan Port Group Co., Ltd. Class A | 9,152 | 3,341 | ||||
Tianjin Port Co., Ltd. Class A | 3,000 | 3,342 | ||||
Yingkou Port Liability Co., Ltd. Class A | 5,100 | 1,877 | ||||
31,117 | ||||||
WATER UTILITIES — 0.3% | ||||||
Beijing Capital Co., Ltd. Class A | 4,600 | 2,536 | ||||
Chengdu Xingrong Environment Co., Ltd. Class A | 7,300 | 4,725 | ||||
7,261 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.6% | ||||||
China United Network Communications, Ltd. Class A | 21,500 | 17,418 | ||||
TOTAL COMMON STOCKS (Cost $3,039,082) | 2,776,871 |
SHORT-TERM INVESTMENT — 0.8% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) (Cost $22,165) | 22,165 | 22,165 | |
TOTAL INVESTMENTS — 99.1% (Cost $3,061,247) | 2,799,036 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.9% | 26,274 | ||
NET ASSETS — 100.0% | $ 2,825,310 |
(a) | Non-income producing security. |
(b) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $81,624 representing 2.9% of net assets. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Aerospace & Defense | $ 40,578 | $ — | $— | $ 40,578 | ||||
Air Freight & Logistics | 3,280 | — | — | 3,280 | ||||
Airlines | 21,637 | — | — | 21,637 | ||||
Auto Components | 54,790 | — | — | 54,790 | ||||
Automobiles | 51,690 | — | — | 51,690 | ||||
Banks | 315,802 | — | — | 315,802 | ||||
Beverages | 171,672 | — | — | 171,672 | ||||
Biotechnology | 15,443 | — | — | 15,443 | ||||
Building Products | 6,386 | 1,112 | — | 7,498 | ||||
Capital Markets | 171,969 | — | — | 171,969 | ||||
Chemicals | 94,989 | 6,887 | — | 101,876 | ||||
Commercial Services & Supplies | 23,478 | — | — | 23,478 | ||||
Communications Equipment | 36,002 | — | — | 36,002 | ||||
Construction & Engineering | 89,648 | — | — | 89,648 | ||||
Construction Materials | 38,989 | 1,834 | — | 40,823 | ||||
Containers & Packaging | 6,181 | — | — | 6,181 | ||||
Distributors | 9,687 | — | — | 9,687 | ||||
Diversified Consumer Services | 1,830 | — | — | 1,830 | ||||
Diversified Financial Services | 9,444 | — | — | 9,444 | ||||
Diversified Telecommunication Services | 5,263 | — | — | 5,263 | ||||
Electric Utilities | 5,710 | — | — | 5,710 | ||||
Electrical Equipment | 77,160 | — | — | 77,160 | ||||
Electronic Equipment, Instruments & Components | 86,474 | 2,581 | — | 89,055 | ||||
Energy Equipment & Services | 15,843 | — | — | 15,843 | ||||
Entertainment | 15,074 | 6,142 | — | 21,216 | ||||
Food & Staples Retailing | 16,358 | — | — | 16,358 | ||||
Food Products | 93,198 | — | — | 93,198 | ||||
Health Care Equipment & Supplies | 2,433 | — | — | 2,433 | ||||
Health Care Providers & Services | 30,154 | — | — | 30,154 | ||||
Hotels, Restaurants & Leisure | 28,312 | — | — | 28,312 | ||||
Household Durables | 46,397 | 43,145 | — | 89,542 | ||||
Independent Power and Renewable Electricity Producers | 74,087 | — | — | 74,087 | ||||
Industrial Conglomerates | 5,920 | — | — | 5,920 | ||||
Insurance | 120,803 | — | — | 120,803 | ||||
Internet & Direct Marketing Retail | 2,998 | — | — | 2,998 | ||||
IT Services | 7,206 | — | — | 7,206 | ||||
Leisure Equipment & Products | 2,403 | — | — | 2,403 | ||||
Life Sciences Tools & Services | 1,483 | — | — | 1,483 | ||||
Machinery | 96,022 | — | — | 96,022 | ||||
Marine | 6,645 | — | — | 6,645 | ||||
Media | 17,540 | — | — | 17,540 | ||||
Metals & Mining | 123,276 | — | — | 123,276 | ||||
Multiline Retail | 18,094 | — | — | 18,094 | ||||
Oil, Gas & Consumable Fuels | 75,307 | — | — | 75,307 | ||||
Paper & Forest Products | 10,271 | — | — | 10,271 | ||||
Personal Products | 4,291 | — | — | 4,291 | ||||
Pharmaceuticals | 142,805 | 17,028 | — | 159,833 | ||||
Real Estate Management & Development | 138,310 | 2,895 | — | 141,205 | ||||
Road & Rail | 19,635 | — | — | 19,635 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Semiconductors & Semiconductor Equipment | $ 32,694 | $ — | $— | $ 32,694 | ||||
Software | 46,087 | — | — | 46,087 | ||||
Specialty Retail | 18,218 | — | — | 18,218 | ||||
Technology Hardware, Storage & Peripherals | 41,691 | — | — | 41,691 | ||||
Textiles, Apparel & Luxury Goods | 29,989 | — | — | 29,989 | ||||
Trading Companies & Distributors | 17,805 | — | — | 17,805 | ||||
Transportation Infrastructure | 31,117 | — | — | 31,117 | ||||
Water Utilities | 7,261 | — | — | 7,261 | ||||
Wireless Telecommunication Services | 17,418 | — | — | 17,418 | ||||
Short-Term Investment | 22,165 | — | — | 22,165 | ||||
TOTAL INVESTMENTS | $2,717,412 | $81,624 | $— | $2,799,036 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 966 | $966 | $86,910 | $65,711 | $— | $— | 22,165 | $22,165 | $171 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
AUSTRALIA — 6.0% | |||||
Alumina, Ltd. | 15,296 | $ 30,657 | |||
Amcor, Ltd. | 6,718 | 66,496 | |||
AMP, Ltd. | 18,502 | 42,705 | |||
APA Group | 6,339 | 45,774 | |||
Aristocrat Leisure, Ltd. | 3,372 | 69,388 | |||
ASX, Ltd. | 1,198 | 55,181 | |||
Aurizon Holdings, Ltd. | 12,819 | 38,121 | |||
AusNet Services | 10,115 | 11,893 | |||
Australia & New Zealand Banking Group, Ltd. | 16,952 | 345,645 | |||
Bank of Queensland, Ltd. | 2,535 | 20,213 | |||
Bendigo & Adelaide Bank, Ltd. | 3,049 | 23,716 | |||
BlueScope Steel, Ltd. | 3,262 | 40,077 | |||
Boral, Ltd. | 6,763 | 33,813 | |||
Brambles, Ltd. | 9,930 | 78,315 | |||
Caltex Australia, Ltd. | 1,643 | 35,545 | |||
Challenger, Ltd. | 3,556 | 28,817 | |||
CIMIC Group, Ltd. | 622 | 23,114 | |||
Coca-Cola Amatil, Ltd. | 3,556 | 25,112 | |||
Cochlear, Ltd. | 368 | 53,424 | |||
Commonwealth Bank of Australia (a) | 10,119 | 522,836 | |||
Computershare, Ltd. | 2,911 | 42,020 | |||
Crown Resorts, Ltd. | 2,269 | 22,475 | |||
CSL, Ltd. | 2,622 | 381,536 | |||
Dexus REIT | 6,053 | 46,249 | |||
Domino's Pizza Enterprises, Ltd. (a) | 391 | 15,051 | |||
Flight Centre Travel Group, Ltd. (a) | 334 | 12,847 | |||
Fortescue Metals Group, Ltd. | 9,745 | 27,640 | |||
Goodman Group REIT | 9,316 | 69,833 | |||
GPT Group REIT | 11,260 | 42,447 | |||
Harvey Norman Holdings, Ltd. (a) | 3,372 | 8,588 | |||
Healthscope, Ltd. | 10,845 | 16,479 | |||
Incitec Pivot, Ltd. | 10,552 | 30,387 | |||
Insurance Australia Group, Ltd. | 13,768 | 72,921 | |||
LendLease Group | 3,441 | 48,948 | |||
Macquarie Group, Ltd. | 1,869 | 170,446 | |||
Medibank Pvt, Ltd. | 17,209 | 36,234 | |||
Mirvac Group REIT | 23,170 | 40,403 | |||
National Australia Bank, Ltd. (a) | 15,736 | 316,639 | |||
Newcrest Mining, Ltd. | 4,453 | 62,538 | |||
Orica, Ltd. | 2,339 | 28,821 | |||
QBE Insurance Group, Ltd. | 8,596 | 69,162 | |||
Ramsay Health Care, Ltd. | 876 | 34,816 | |||
REA Group, Ltd. | 322 | 20,020 | |||
Scentre Group REIT | 30,889 | 88,728 | |||
SEEK, Ltd. | 2,058 | 30,913 | |||
Sonic Healthcare, Ltd. | 2,551 | 45,978 | |||
Stockland REIT | 15,617 | 46,894 | |||
Suncorp Group, Ltd. | 7,513 | 78,605 | |||
Sydney Airport | 6,840 | 34,099 | |||
Tabcorp Holdings, Ltd. | 9,593 | 33,803 | |||
Telstra Corp., Ltd. | 24,212 | 55,884 | |||
TPG Telecom, Ltd. (a) | 2,232 | 13,792 | |||
Transurban Group Stapled Security | 15,036 | 122,066 | |||
Treasury Wine Estates, Ltd. | 4,180 | 52,897 |
Security Description | Shares | Value | |||
Vicinity Centres REIT | 21,048 | $ 39,901 | |||
Wesfarmers, Ltd. | 6,552 | 236,324 | |||
Westpac Banking Corp. | 19,689 | 397,890 | |||
Woolworths Group, Ltd. | 7,618 | 154,777 | |||
4,639,893 | |||||
AUSTRIA — 0.2% | |||||
ANDRITZ AG | 460 | 26,848 | |||
Erste Group Bank AG (b) | 1,746 | 72,561 | |||
Raiffeisen Bank International AG | 737 | 21,229 | |||
Voestalpine AG | 714 | 32,675 | |||
153,313 | |||||
BELGIUM — 1.1% | |||||
Ageas | 1,100 | 59,168 | |||
Anheuser-Busch InBev SA | 4,413 | 385,555 | |||
Colruyt SA (a) | 414 | 23,442 | |||
Groupe Bruxelles Lambert SA | 506 | 53,071 | |||
KBC Group NV | 1,459 | 108,626 | |||
Proximus SADP | 945 | 22,589 | |||
Solvay SA | 460 | 61,710 | |||
Telenet Group Holding NV (b) | 322 | 17,735 | |||
UCB SA | 783 | 70,392 | |||
Umicore SA | 1,198 | 67,027 | |||
869,315 | |||||
CHILE — 0.0% (c) | |||||
Antofagasta PLC | 2,450 | 27,317 | |||
CHINA — 0.2% | |||||
BOC Hong Kong Holdings, Ltd. | 21,500 | 102,212 | |||
Minth Group, Ltd. | 4,000 | 16,512 | |||
Yangzijiang Shipbuilding Holdings, Ltd. | 16,100 | 14,611 | |||
133,335 | |||||
DENMARK — 1.9% | |||||
AP Moller - Maersk A/S Class A | 18 | 23,620 | |||
AP Moller - Maersk A/S Class B | 38 | 53,386 | |||
Carlsberg A/S Class B | 620 | 74,396 | |||
Chr. Hansen Holding A/S | 622 | 63,165 | |||
Coloplast A/S Class B | 737 | 75,395 | |||
Danske Bank A/S | 4,318 | 113,459 | |||
DSV A/S | 1,101 | 100,148 | |||
Genmab A/S (b) | 345 | 54,273 | |||
H Lundbeck A/S | 344 | 21,255 | |||
ISS A/S | 1,037 | 36,503 | |||
Novo Nordisk A/S Class B | 10,587 | 498,650 | |||
Novozymes A/S Class B | 1,316 | 72,274 | |||
Orsted A/S (d) | 1,104 | 75,023 | |||
Pandora A/S | 691 | 43,169 | |||
Tryg A/S | 642 | 15,989 | |||
Vestas Wind Systems A/S | 1,199 | 81,124 | |||
William Demant Holding A/S (b) | 592 | 22,259 | |||
1,424,088 | |||||
FINLAND — 1.2% | |||||
Elisa Oyj | 876 | 37,168 | |||
Fortum Oyj | 2,773 | 69,538 | |||
Kone Oyj Class B | 1,963 | 104,927 | |||
Metso Oyj | 714 | 25,327 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Neste Oyj | 806 | $ 66,655 | |||
Nokia Oyj | 32,638 | 181,092 | |||
Nokian Renkaat Oyj | 714 | 29,266 | |||
Orion Oyj Class B | 645 | 24,438 | |||
Sampo Oyj Class A | 2,554 | 132,305 | |||
Stora Enso Oyj Class R | 3,441 | 65,846 | |||
UPM-Kymmene Oyj | 3,096 | 121,545 | |||
Wartsila OYJ Abp (a) | 2,770 | 54,019 | |||
912,126 | |||||
FRANCE — 10.4% | |||||
Accor SA | 1,093 | 56,138 | |||
Aeroports de Paris | 184 | 41,440 | |||
Air Liquide SA | 2,480 | 326,363 | |||
Airbus SE | 3,360 | 422,187 | |||
Alstom SA | 945 | 42,247 | |||
Amundi SA (d) | 368 | 27,586 | |||
Arkema SA | 414 | 51,308 | |||
Atos SE | 560 | 66,670 | |||
AXA SA | 11,208 | 301,369 | |||
BioMerieux (a) | 252 | 21,016 | |||
BNP Paribas SA | 6,504 | 398,192 | |||
Bollore SA | 5,558 | 24,015 | |||
Bouygues SA | 1,314 | 56,821 | |||
Bureau Veritas SA | 1,689 | 43,610 | |||
Capgemini SE | 926 | 116,589 | |||
Carrefour SA | 3,672 | 70,373 | |||
Casino Guichard Perrachon SA (a) | 345 | 14,514 | |||
Cie de Saint-Gobain | 2,868 | 123,737 | |||
Cie Generale des Etablissements Michelin SCA | 991 | 118,500 | |||
CNP Assurances | 1,060 | 25,559 | |||
Covivio REIT | 209 | 21,787 | |||
Credit Agricole SA | 6,616 | 95,180 | |||
Danone SA | 3,474 | 269,138 | |||
Dassault Aviation SA | 17 | 31,474 | |||
Dassault Systemes SE | 755 | 112,905 | |||
Edenred | 1,372 | 52,317 | |||
Eiffage SA | 458 | 51,154 | |||
Essilor International Cie Generale d'Optique SA | 1,201 | 177,788 | |||
Eurazeo SE | 283 | 22,303 | |||
Eutelsat Communications SA (a) | 1,083 | 25,611 | |||
Faurecia SA | 461 | 27,758 | |||
Gecina SA REIT | 282 | 47,101 | |||
Getlink | 2,907 | 37,141 | |||
Hermes International | 179 | 118,633 | |||
ICADE REIT | 230 | 21,265 | |||
Iliad SA (a) | 161 | 21,038 | |||
Imerys SA | 230 | 16,990 | |||
Ingenico Group SA | 356 | 27,059 | |||
Ipsen SA | 231 | 38,851 | |||
JCDecaux SA | 460 | 16,830 | |||
Kering SA | 437 | 234,348 | |||
Klepierre SA REIT | 1,195 | 42,375 | |||
Lagardere SCA | 32 | 985 | |||
Legrand SA | 1,543 | 112,514 | |||
L'Oreal SA | 1,461 | 352,457 |
Security Description | Shares | Value | |||
LVMH Moet Hennessy Louis Vuitton SE | 1,615 | $ 571,375 | |||
Natixis SA | 5,869 | 39,838 | |||
Orange SA | 11,521 | 183,797 | |||
Pernod Ricard SA | 1,229 | 201,703 | |||
Peugeot SA | 3,431 | 92,574 | |||
Publicis Groupe SA | 1,251 | 74,802 | |||
Remy Cointreau SA | 139 | 18,115 | |||
Renault SA | 1,058 | 91,551 | |||
Rexel SA | 1,919 | 28,831 | |||
Safran SA | 1,966 | 275,619 | |||
Sanofi | 6,533 | 580,943 | |||
Schneider Electric SE | 3,121 | 251,215 | |||
SCOR SE | 1,014 | 47,110 | |||
SEB SA | 120 | 20,433 | |||
Societe BIC SA | 184 | 16,852 | |||
Societe Generale SA | 4,441 | 190,699 | |||
Sodexo SA | 527 | 55,910 | |||
Suez | 2,226 | 31,646 | |||
Teleperformance | 350 | 66,060 | |||
Thales SA | 617 | 87,682 | |||
Ubisoft Entertainment SA (b) | 386 | 41,884 | |||
Unibail-Rodamco-Westfield (e) | 280 | 2,861 | |||
Unibail-Rodamco-Westfield (e) | 780 | 156,932 | |||
Valeo SA | 1,391 | 60,425 | |||
Veolia Environnement SA | 2,819 | 56,285 | |||
Vinci SA | 2,912 | 277,415 | |||
Vivendi SA | 6,148 | 158,314 | |||
Wendel SA | 184 | 27,398 | |||
8,031,505 | |||||
GERMANY — 10.2% | |||||
1&1 Drillisch AG | 322 | 15,671 | |||
adidas AG | 1,089 | 266,762 | |||
Allianz SE | 2,553 | 569,339 | |||
Axel Springer SE | 276 | 18,577 | |||
BASF SE | 5,315 | 472,571 | |||
Bayer AG | 5,396 | 479,523 | |||
Bayerische Motoren Werke AG | 1,913 | 172,668 | |||
Bayerische Motoren Werke AG Preference Shares | 345 | 27,129 | |||
Beiersdorf AG | 622 | 70,208 | |||
Brenntag AG | 968 | 59,769 | |||
Commerzbank AG (b) | 5,847 | 60,952 | |||
Continental AG | 634 | 110,422 | |||
Covestro AG (d) | 1,126 | 91,366 | |||
Daimler AG | 5,279 | 333,250 | |||
Delivery Hero SE (b)(d) | 483 | 23,237 | |||
Deutsche Bank AG | 11,382 | 129,928 | |||
Deutsche Boerse AG | 1,111 | 148,915 | |||
Deutsche Lufthansa AG | 1,505 | 36,989 | |||
Deutsche Post AG | 5,676 | 202,461 | |||
Deutsche Telekom AG | 19,277 | 310,888 | |||
Deutsche Wohnen SE | 2,168 | 104,049 | |||
Evonik Industries AG | 1,014 | 36,334 | |||
Fraport AG Frankfurt Airport Services Worldwide | 253 | 22,363 | |||
Fresenius Medical Care AG & Co. KGaA | 1,244 | 127,990 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Fresenius SE & Co. KGaA | 2,397 | $ 176,067 | |||
Fuchs Petrolub SE Preference Shares | 437 | 24,425 | |||
GEA Group AG | 1,129 | 40,232 | |||
Hannover Rueck SE | 368 | 52,018 | |||
HeidelbergCement AG | 876 | 68,496 | |||
Henkel AG & Co. KGaA Preference Shares | 1,033 | 121,243 | |||
Henkel AG & Co. KGaA | 645 | 68,511 | |||
HOCHTIEF AG | 138 | 22,889 | |||
HUGO BOSS AG | 414 | 31,891 | |||
Infineon Technologies AG | 6,557 | 149,044 | |||
Innogy SE (d)(e) | 46 | 2,056 | |||
Innogy SE (b)(e) | 776 | 32,943 | |||
KION Group AG | 415 | 25,518 | |||
KS AG | 1,198 | 25,158 | |||
Lanxess AG | 507 | 37,147 | |||
Linde AG | 1,073 | 253,869 | |||
MAN SE | 230 | 25,018 | |||
Merck KGaA | 749 | 77,427 | |||
METRO AG | 1,106 | 17,342 | |||
MTU Aero Engines AG | 318 | 71,692 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 891 | 197,406 | |||
OSRAM Licht AG | 553 | 22,005 | |||
Porsche Automobil Holding SE Preference Shares | 945 | 63,662 | |||
ProSiebenSat.1 Media SE | 1,383 | 35,934 | |||
Puma SE | 33 | 16,290 | |||
QIAGEN NV (b) | 1,356 | 51,345 | |||
RWE AG | 3,049 | 75,255 | |||
SAP SE | 5,689 | 700,424 | |||
Sartorius AG Preference Shares | 187 | 30,365 | |||
Schaeffler AG Preference Shares | 1,037 | 13,261 | |||
Siemens AG | 4,426 | 567,236 | |||
Siemens Healthineers AG (b)(d) | 788 | 34,666 | |||
Symrise AG | 760 | 69,401 | |||
Telefonica Deutschland Holding AG | 4,668 | 19,741 | |||
ThyssenKrupp AG | 2,293 | 57,901 | |||
TUI AG | 2,621 | 50,346 | |||
Uniper SE | 1,057 | 32,546 | |||
United Internet AG | 760 | 35,972 | |||
Volkswagen AG | 191 | 33,299 | |||
Volkswagen AG Preference Shares | 1,071 | 188,585 | |||
Vonovia SE | 2,905 | 141,984 | |||
Wirecard AG | 682 | 147,893 | |||
Zalando SE (b)(d) | 529 | 20,590 | |||
7,820,454 | |||||
HONG KONG — 3.5% | |||||
AIA Group, Ltd. | 69,800 | 623,525 | |||
ASM Pacific Technology, Ltd. | 1,900 | 19,352 | |||
Bank of East Asia, Ltd. | 7,256 | 27,077 | |||
CK Asset Holdings, Ltd. | 14,500 | 108,867 | |||
CK Hutchison Holdings, Ltd. | 15,000 | 172,910 | |||
CK Infrastructure Holdings, Ltd. | 3,500 | 27,732 | |||
CLP Holdings, Ltd. | 9,500 | 111,270 |
Security Description | Shares | Value | |||
Dairy Farm International Holdings, Ltd. | 1,800 | $ 16,200 | |||
Galaxy Entertainment Group, Ltd. | 14,000 | 88,832 | |||
Hang Lung Group, Ltd. | 3,000 | 7,975 | |||
Hang Lung Properties, Ltd. | 14,000 | 27,374 | |||
Hang Seng Bank, Ltd. | 4,600 | 124,980 | |||
Henderson Land Development Co., Ltd. | 7,500 | 37,716 | |||
HK Electric Investments & HK Electric Investments, Ltd. (a) | 15,000 | 15,144 | |||
HKT Trust & HKT, Ltd. | 23,000 | 31,627 | |||
Hong Kong Exchanges & Clearing, Ltd. | 6,844 | 195,920 | |||
Hongkong Land Holdings, Ltd. | 6,900 | 45,678 | |||
Hysan Development Co., Ltd. | 2,000 | 10,109 | |||
Jardine Matheson Holdings, Ltd. | 1,400 | 87,850 | |||
Jardine Strategic Holdings, Ltd. | 1,400 | 50,820 | |||
Kerry Properties, Ltd. | 2,500 | 8,483 | |||
Li & Fung, Ltd. | 46,000 | 10,288 | |||
Link REIT | 12,500 | 123,085 | |||
Melco Resorts & Entertainment, Ltd. ADR | 1,175 | 24,851 | |||
MTR Corp., Ltd. | 9,000 | 47,387 | |||
New World Development Co., Ltd. | 35,389 | 48,301 | |||
NWS Holdings, Ltd. | 7,530 | 14,897 | |||
PCCW, Ltd. | 24,000 | 13,986 | |||
Power Assets Holdings, Ltd. | 8,500 | 59,202 | |||
Sands China, Ltd. | 14,000 | 63,426 | |||
Shangri-La Asia, Ltd. | 8,000 | 11,900 | |||
Sino Land Co., Ltd. | 14,675 | 25,168 | |||
SJM Holdings, Ltd. | 14,000 | 12,953 | |||
Sun Hung Kai Properties, Ltd. | 9,500 | 138,404 | |||
Swire Pacific, Ltd. Class A | 2,500 | 27,396 | |||
Swire Properties, Ltd. | 7,000 | 26,524 | |||
Techtronic Industries Co., Ltd. | 8,000 | 51,119 | |||
WH Group, Ltd. (d) | 55,000 | 38,729 | |||
Wharf Holdings, Ltd. | 7,000 | 19,055 | |||
Wharf Real Estate Investment Co., Ltd. | 6,000 | 38,723 | |||
Wheelock & Co., Ltd. | 4,000 | 24,000 | |||
Yue Yuen Industrial Holdings, Ltd. | 3,500 | 9,729 | |||
2,668,564 | |||||
IRELAND — 0.7% | |||||
AerCap Holdings NV (b) | 773 | 44,463 | |||
AIB Group PLC | 4,959 | 25,401 | |||
Bank of Ireland Group PLC | 5,735 | 43,931 | |||
CRH PLC | 4,840 | 158,418 | |||
James Hardie Industries PLC | 2,773 | 42,054 | |||
Kerry Group PLC Class A | 920 | 101,782 | |||
Paddy Power Betfair PLC | 506 | 43,197 | |||
Ryanair Holdings PLC ADR (a)(b) | 147 | 14,118 | |||
Smurfit Kappa Group PLC | 1,184 | 46,840 | |||
520,204 | |||||
ISRAEL — 0.6% | |||||
Azrieli Group, Ltd. | 276 | 14,179 | |||
Bank Hapoalim BM | 6,662 | 48,808 | |||
Bank Leumi Le-Israel BM | 8,886 | 58,626 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Bezeq The Israeli Telecommunication Corp., Ltd. | 12,957 | $ 14,905 | |||
Check Point Software Technologies, Ltd. (b) | 706 | 83,075 | |||
Elbit Systems, Ltd. | 140 | 17,757 | |||
Frutarom Industries, Ltd. | 240 | 24,850 | |||
Israel Chemicals, Ltd. | 3,187 | 19,457 | |||
Mizrahi Tefahot Bank, Ltd. | 876 | 15,351 | |||
Nice, Ltd. (b) | 368 | 41,646 | |||
Teva Pharmaceutical Industries, Ltd. | 5,708 | 125,158 | |||
463,812 | |||||
ITALY — 1.5% | |||||
Assicurazioni Generali SpA | 6,793 | 117,404 | |||
Atlantia SpA | 2,973 | 61,708 | |||
Davide Campari-Milano SpA | 3,538 | 30,142 | |||
Ferrari NV | 711 | 97,943 | |||
Intesa Sanpaolo SpA | 83,997 | 214,735 | |||
Leonardo SpA | 2,520 | 30,382 | |||
Luxottica Group SpA | 1,060 | 72,049 | |||
Mediobanca Banca di Credito Finanziario SpA | 3,533 | 35,307 | |||
Moncler SpA | 940 | 40,506 | |||
Pirelli & C SpA (b)(d) | 2,101 | 17,639 | |||
Poste Italiane SpA (d) | 3,257 | 26,035 | |||
Prysmian SpA | 1,403 | 32,690 | |||
Recordati SpA | 646 | 21,880 | |||
Snam SpA | 13,296 | 55,426 | |||
Telecom Italia SpA/Milano (b)(e) | 63,303 | 38,454 | |||
Telecom Italia SpA/Milano (e) | 37,683 | 20,282 | |||
Terna Rete Elettrica Nazionale SpA | 8,217 | 43,912 | |||
UniCredit SpA | 11,609 | 174,805 | |||
UnipolSai Assicurazioni SpA | 311 | 733 | |||
1,132,032 | |||||
JAPAN — 26.2% | |||||
ABC-Mart, Inc. (a) | 200 | 11,128 | |||
Acom Co., Ltd. (a) | 2,400 | 9,677 | |||
Aeon Co., Ltd. | 3,600 | 86,763 | |||
AEON Financial Service Co., Ltd. (a) | 500 | 10,358 | |||
Aeon Mall Co., Ltd. | 600 | 10,311 | |||
AGC, Inc. | 1,200 | 49,813 | |||
Air Water, Inc. | 1,100 | 20,192 | |||
Aisin Seiki Co., Ltd. | 1,100 | 53,555 | |||
Ajinomoto Co., Inc. | 3,000 | 51,517 | |||
Alfresa Holdings Corp. | 1,300 | 34,793 | |||
Alps Electric Co., Ltd. (a) | 1,100 | 27,949 | |||
Amada Holdings Co., Ltd. | 2,300 | 24,562 | |||
ANA Holdings, Inc. | 600 | 20,971 | |||
Aozora Bank, Ltd. | 600 | 21,447 | |||
Asahi Group Holdings, Ltd. | 2,100 | 91,055 | |||
Asahi Kasei Corp. | 7,000 | 106,185 | |||
Asics Corp. | 500 | 7,457 | |||
Astellas Pharma, Inc. | 11,000 | 191,944 | |||
Bandai Namco Holdings, Inc. | 1,200 | 46,644 | |||
Bank of Kyoto, Ltd. | 200 | 10,442 | |||
Benesse Holdings, Inc. | 300 | 8,544 | |||
Bridgestone Corp. | 3,600 | 136,064 |
Security Description | Shares | Value | |||
Brother Industries, Ltd. | 1,300 | $ 25,683 | |||
Calbee, Inc. | 300 | 9,878 | |||
Canon, Inc. | 5,800 | 184,338 | |||
Casio Computer Co., Ltd. (a) | 900 | 14,714 | |||
Central Japan Railway Co. | 800 | 166,642 | |||
Chiba Bank, Ltd. (a) | 3,400 | 23,228 | |||
Chubu Electric Power Co., Inc. | 3,800 | 57,493 | |||
Chugai Pharmaceutical Co., Ltd. | 1,400 | 89,977 | |||
Chugoku Electric Power Co., Inc. (a) | 1,700 | 21,851 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 600 | 16,058 | |||
Concordia Financial Group, Ltd. | 6,900 | 33,836 | |||
Credit Saison Co., Ltd. | 1,100 | 17,945 | |||
CyberAgent, Inc. | 500 | 26,632 | |||
Dai Nippon Printing Co., Ltd. | 1,500 | 34,890 | |||
Daicel Corp. | 1,600 | 18,594 | |||
Daifuku Co., Ltd. (a) | 600 | 30,585 | |||
Dai-ichi Life Holdings, Inc. | 6,200 | 129,120 | |||
Daiichi Sankyo Co., Ltd. | 3,400 | 147,423 | |||
Daikin Industries, Ltd. | 1,500 | 199,740 | |||
Daito Trust Construction Co., Ltd. (a) | 400 | 51,468 | |||
Daiwa House Industry Co., Ltd. | 3,400 | 100,816 | |||
Daiwa House REIT Investment Corp. | 9 | 20,593 | |||
Daiwa Securities Group, Inc. | 9,500 | 57,810 | |||
DeNA Co., Ltd. | 500 | 8,835 | |||
Denso Corp. | 2,600 | 137,319 | |||
Dentsu, Inc. | 1,300 | 60,316 | |||
Disco Corp. (a) | 200 | 33,490 | |||
Don Quijote Holdings Co., Ltd. | 700 | 35,436 | |||
East Japan Railway Co. | 1,800 | 167,267 | |||
Eisai Co., Ltd. | 1,500 | 146,058 | |||
FamilyMart UNY Holdings Co., Ltd. | 400 | 41,660 | |||
FANUC Corp. | 1,200 | 226,298 | |||
Fast Retailing Co., Ltd. | 300 | 152,978 | |||
Fuji Electric Co., Ltd. | 600 | 24,035 | |||
FUJIFILM Holdings Corp. | 2,300 | 103,574 | |||
Fujitsu, Ltd. | 1,000 | 71,277 | |||
Fukuoka Financial Group, Inc. | 600 | 16,507 | |||
Hakuhodo DY Holdings, Inc. | 1,500 | 26,320 | |||
Hamamatsu Photonics KK | 600 | 23,903 | |||
Hankyu Hanshin Holdings, Inc. | 1,500 | 53,220 | |||
Hikari Tsushin, Inc. | 100 | 19,774 | |||
Hino Motors, Ltd. | 1,600 | 17,523 | |||
Hirose Electric Co., Ltd. (a) | 205 | 22,416 | |||
Hisamitsu Pharmaceutical Co., Inc. | 300 | 23,005 | |||
Hitachi Chemical Co., Ltd. | 400 | 8,145 | |||
Hitachi Construction Machinery Co., Ltd. (a) | 400 | 13,382 | |||
Hitachi High-Technologies Corp. | 300 | 10,340 | |||
Hitachi Metals, Ltd. (a) | 1,700 | 21,058 | |||
Hitachi, Ltd. | 5,600 | 190,307 | |||
Honda Motor Co., Ltd. (a) | 9,500 | 287,630 | |||
Hoshizaki Corp. | 300 | 31,060 | |||
Hoya Corp. | 2,200 | 130,739 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Hulic Co., Ltd. | 1,800 | $ 17,670 | |||
IHI Corp. | 800 | 30,321 | |||
Iida Group Holdings Co., Ltd. | 1,100 | 19,572 | |||
Isetan Mitsukoshi Holdings, Ltd. (a) | 2,300 | 28,248 | |||
Isuzu Motors, Ltd. | 2,700 | 42,573 | |||
ITOCHU Corp. | 8,200 | 150,161 | |||
J Front Retailing Co., Ltd. | 1,400 | 21,730 | |||
Japan Airlines Co., Ltd. | 600 | 21,573 | |||
Japan Airport Terminal Co., Ltd. | 300 | 13,655 | |||
Japan Exchange Group, Inc. | 3,300 | 57,525 | |||
Japan Post Bank Co., Ltd. | 2,300 | 27,195 | |||
Japan Post Holdings Co., Ltd. | 9,100 | 108,317 | |||
Japan Prime Realty Investment Corp. REIT | 3 | 10,697 | |||
Japan Real Estate Investment Corp. REIT | 7 | 36,730 | |||
Japan Retail Fund Investment Corp. REIT | 16 | 29,032 | |||
Japan Tobacco, Inc. | 6,400 | 167,121 | |||
JFE Holdings, Inc. | 2,800 | 64,266 | |||
JGC Corp. (a) | 1,300 | 29,826 | |||
JSR Corp. | 1,100 | 20,541 | |||
JTEKT Corp. | 1,300 | 19,033 | |||
Kajima Corp. | 2,500 | 36,338 | |||
Kakaku.com, Inc. | 400 | 7,825 | |||
Kamigumi Co., Ltd. | 500 | 11,023 | |||
Kaneka Corp. | 200 | 9,244 | |||
Kansai Electric Power Co., Inc. | 4,100 | 61,833 | |||
Kansai Paint Co., Ltd. | 1,200 | 22,123 | |||
Kao Corp. | 2,800 | 226,150 | |||
Kawasaki Heavy Industries, Ltd. | 800 | 22,573 | |||
KDDI Corp. | 10,500 | 290,175 | |||
Keihan Holdings Co., Ltd. | 400 | 15,284 | |||
Keikyu Corp. (a) | 1,300 | 23,703 | |||
Keio Corp. | 500 | 27,380 | |||
Keisei Electric Railway Co., Ltd. | 700 | 24,651 | |||
Keyence Corp. | 600 | 348,532 | |||
Kikkoman Corp. | 700 | 41,660 | |||
Kintetsu Group Holdings Co., Ltd. | 800 | 32,187 | |||
Kirin Holdings Co., Ltd. | 4,700 | 120,453 | |||
Kobayashi Pharmaceutical Co., Ltd. | 300 | 22,080 | |||
Kobe Steel, Ltd. | 2,300 | 20,452 | |||
Koito Manufacturing Co., Ltd. | 500 | 32,839 | |||
Komatsu, Ltd. (a) | 5,300 | 161,261 | |||
Konami Holdings Corp. (a) | 400 | 15,671 | |||
Konica Minolta, Inc. | 2,300 | 24,461 | |||
Kose Corp. (a) | 200 | 38,121 | |||
Kubota Corp. | 5,800 | 98,603 | |||
Kuraray Co., Ltd. | 1,900 | 28,571 | |||
Kurita Water Industries, Ltd. | 400 | 11,656 | |||
Kyocera Corp. | 1,900 | 114,082 | |||
Kyowa Hakko Kirin Co., Ltd. | 1,600 | 29,990 | |||
Kyushu Electric Power Co., Inc. | 2,300 | 27,762 | |||
Kyushu Financial Group, Inc. | 100 | 475 | |||
Kyushu Railway Co. | 749 | 22,816 | |||
Lawson, Inc. | 300 | 18,277 | |||
LINE Corp. (a)(b) | 400 | 16,904 | |||
Lion Corp. | 1,200 | 26,666 |
Security Description | Shares | Value | |||
LIXIL Group Corp. | 1,600 | $ 30,821 | |||
M3, Inc. | 2,800 | 63,551 | |||
Mabuchi Motor Co., Ltd. | 200 | 8,073 | |||
Makita Corp. | 1,400 | 70,133 | |||
Marubeni Corp. | 9,800 | 89,730 | |||
Marui Group Co., Ltd. (a) | 1,100 | 27,155 | |||
Maruichi Steel Tube, Ltd. (a) | 300 | 9,786 | |||
Mazda Motor Corp. (a) | 3,400 | 40,829 | |||
McDonald's Holdings Co. Japan, Ltd. | 400 | 17,573 | |||
Mebuki Financial Group, Inc. | 5,100 | 17,646 | |||
Medipal Holdings Corp. | 1,200 | 25,049 | |||
MEIJI Holdings Co., Ltd. | 600 | 40,305 | |||
MINEBEA MITSUMI, Inc. | 2,300 | 41,713 | |||
MISUMI Group, Inc. | 1,700 | 44,002 | |||
Mitsubishi Chemical Holdings Corp. | 8,000 | 76,595 | |||
Mitsubishi Corp. | 8,000 | 246,582 | |||
Mitsubishi Electric Corp. | 10,500 | 143,886 | |||
Mitsubishi Estate Co., Ltd. | 6,800 | 115,663 | |||
Mitsubishi Gas Chemical Co., Inc. | 1,200 | 25,556 | |||
Mitsubishi Heavy Industries, Ltd. | 1,800 | 69,522 | |||
Mitsubishi Materials Corp. | 600 | 17,934 | |||
Mitsubishi Motors Corp. | 4,600 | 32,480 | |||
Mitsubishi Tanabe Pharma Corp. | 1,500 | 25,091 | |||
Mitsubishi UFJ Financial Group, Inc. | 68,400 | 427,015 | |||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 1,900 | 11,191 | |||
Mitsui & Co., Ltd. | 9,900 | 176,106 | |||
Mitsui Chemicals, Inc. | 800 | 20,010 | |||
Mitsui Fudosan Co., Ltd. | 5,100 | 120,737 | |||
Mitsui OSK Lines, Ltd. | 700 | 20,430 | |||
Mizuho Financial Group, Inc. | 139,500 | 243,420 | |||
MS&AD Insurance Group Holdings, Inc. | 2,700 | 90,186 | |||
Murata Manufacturing Co., Ltd. | 1,100 | 169,138 | |||
Nabtesco Corp. | 400 | 10,635 | |||
Nagoya Railroad Co., Ltd. | 1,000 | 24,774 | |||
NEC Corp. | 1,400 | 38,702 | |||
Nexon Co., Ltd. (b) | 2,500 | 32,685 | |||
NGK Insulators, Ltd. (a) | 1,600 | 26,398 | |||
NGK Spark Plug Co., Ltd. | 1,100 | 32,055 | |||
NH Foods, Ltd. | 500 | 18,466 | |||
Nidec Corp. | 1,300 | 187,071 | |||
Nikon Corp. (a) | 1,900 | 35,713 | |||
Nintendo Co., Ltd. | 700 | 255,509 | |||
Nippon Building Fund, Inc. REIT | 7 | 40,490 | |||
Nippon Electric Glass Co., Ltd. | 300 | 9,442 | |||
Nippon Express Co., Ltd. | 400 | 26,271 | |||
Nippon Paint Holdings Co., Ltd. | 800 | 29,863 | |||
Nippon Prologis REIT, Inc. | 7 | 13,860 | |||
Nippon Steel & Sumitomo Metal Corp. | 4,600 | 97,338 | |||
Nippon Telegraph & Telephone Corp. | 4,000 | 180,728 | |||
Nippon Yusen KK | 900 | 16,933 | |||
Nissan Chemical Corp. | 700 | 36,977 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Nissan Motor Co., Ltd. (a) | 13,400 | $ 125,465 | |||
Nisshin Seifun Group, Inc. | 1,100 | 24,114 | |||
Nissin Foods Holdings Co., Ltd. | 300 | 20,628 | |||
Nitori Holdings Co., Ltd. | 400 | 57,384 | |||
Nitto Denko Corp. | 900 | 67,477 | |||
NOK Corp. (a) | 200 | 3,435 | |||
Nomura Holdings, Inc. | 21,000 | 100,336 | |||
Nomura Real Estate Holdings, Inc. | 500 | 10,098 | |||
Nomura Real Estate Master Fund, Inc. REIT | 23 | 31,427 | |||
Nomura Research Institute, Ltd. | 600 | 30,321 | |||
NSK, Ltd. | 2,300 | 26,364 | |||
NTT Data Corp. | 4,100 | 56,780 | |||
NTT DOCOMO, Inc. | 7,700 | 207,100 | |||
Obayashi Corp. | 3,800 | 35,998 | |||
Obic Co., Ltd. | 300 | 28,393 | |||
Odakyu Electric Railway Co., Ltd. (a) | 1,900 | 44,964 | |||
Oji Holdings Corp. | 5,000 | 36,316 | |||
Olympus Corp. | 1,700 | 66,378 | |||
Omron Corp. | 1,300 | 54,937 | |||
Ono Pharmaceutical Co., Ltd. | 2,300 | 65,101 | |||
Oracle Corp. Japan | 200 | 16,129 | |||
Oriental Land Co., Ltd. | 1,200 | 125,510 | |||
ORIX Corp. | 7,700 | 124,870 | |||
Osaka Gas Co., Ltd. | 2,200 | 42,921 | |||
Otsuka Corp. | 400 | 14,932 | |||
Otsuka Holdings Co., Ltd. | 2,300 | 115,967 | |||
Panasonic Corp. | 12,700 | 147,981 | |||
Park24 Co., Ltd. | 400 | 12,097 | |||
Pola Orbis Holdings, Inc. | 500 | 18,268 | |||
Rakuten, Inc. (a) | 5,100 | 39,099 | |||
Recruit Holdings Co., Ltd. | 6,400 | 213,662 | |||
Renesas Electronics Corp. (b) | 4,800 | 30,004 | |||
Resona Holdings, Inc. | 12,200 | 68,559 | |||
Ricoh Co., Ltd. (a) | 3,900 | 41,889 | |||
Rinnai Corp. | 100 | 7,624 | |||
Rohm Co., Ltd. | 500 | 36,448 | |||
Ryohin Keikaku Co., Ltd. | 100 | 29,757 | |||
Sankyo Co., Ltd. | 100 | 3,913 | |||
Santen Pharmaceutical Co., Ltd. | 2,300 | 36,469 | |||
SBI Holdings, Inc. | 1,400 | 43,509 | |||
Secom Co., Ltd. | 1,300 | 106,005 | |||
Sega Sammy Holdings, Inc. | 500 | 7,373 | |||
Seibu Holdings, Inc. | 1,400 | 25,181 | |||
Seiko Epson Corp. (a) | 1,900 | 32,418 | |||
Sekisui Chemical Co., Ltd. | 2,300 | 42,442 | |||
Sekisui House, Ltd. | 3,700 | 56,436 | |||
Seven & i Holdings Co., Ltd. | 4,400 | 196,012 | |||
Seven Bank, Ltd. (a) | 4,600 | 14,539 | |||
SG Holdings Co., Ltd. | 500 | 13,105 | |||
Sharp Corp. | 1,000 | 20,328 | |||
Shimadzu Corp. | 1,400 | 43,879 | |||
Shimamura Co., Ltd. | 100 | 9,491 | |||
Shimano, Inc. | 400 | 64,480 | |||
Shimizu Corp. | 3,200 | 29,215 | |||
Shin-Etsu Chemical Co., Ltd. | 2,100 | 186,085 | |||
Shinsei Bank, Ltd. | 700 | 11,444 |
Security Description | Shares | Value | |||
Shionogi & Co., Ltd. | 1,700 | $ 111,113 | |||
Shiseido Co., Ltd. | 2,200 | 170,426 | |||
Shizuoka Bank, Ltd. | 2,300 | 20,654 | |||
Showa Denko KK | 700 | 38,641 | |||
Showa Shell Sekiyu KK | 1,200 | 25,429 | |||
SMC Corp. | 300 | 96,034 | |||
SoftBank Group Corp. | 4,700 | 474,614 | |||
Sohgo Security Services Co., Ltd. | 300 | 13,193 | |||
Sompo Holdings, Inc. | 1,900 | 80,945 | |||
Sony Corp. | 7,400 | 453,831 | |||
Sony Financial Holdings, Inc. (a) | 1,100 | 24,250 | |||
Stanley Electric Co., Ltd. | 800 | 27,363 | |||
Start Today Co., Ltd. | 1,200 | 36,343 | |||
Subaru Corp. | 3,600 | 110,296 | |||
SUMCO Corp. (a) | 1,400 | 20,313 | |||
Sumitomo Chemical Co., Ltd. | 8,000 | 46,837 | |||
Sumitomo Corp. | 6,500 | 108,414 | |||
Sumitomo Dainippon Pharma Co., Ltd. (a) | 500 | 11,485 | |||
Sumitomo Electric Industries, Ltd. | 4,600 | 72,168 | |||
Sumitomo Heavy Industries, Ltd. | 500 | 17,850 | |||
Sumitomo Metal Mining Co., Ltd. (a) | 1,300 | 45,620 | |||
Sumitomo Mitsui Financial Group, Inc. | 7,800 | 314,925 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 1,900 | 78,218 | |||
Sumitomo Realty & Development Co., Ltd. | 2,000 | 71,840 | |||
Sumitomo Rubber Industries, Ltd. (a) | 1,100 | 16,512 | |||
Sundrug Co., Ltd. | 400 | 14,280 | |||
Suntory Beverage & Food, Ltd. | 600 | 25,408 | |||
Suruga Bank, Ltd. | 100 | 500 | |||
Suzuken Co., Ltd. | 300 | 14,236 | |||
Suzuki Motor Corp. | 2,000 | 114,593 | |||
Sysmex Corp. | 900 | 77,493 | |||
T&D Holdings, Inc. | 2,800 | 46,221 | |||
Taiheiyo Cement Corp. | 600 | 18,832 | |||
Taisei Corp. | 1,100 | 50,165 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 200 | 24,457 | |||
Taiyo Nippon Sanso Corp. | 700 | 10,477 | |||
Takashimaya Co., Ltd. | 500 | 8,447 | |||
Takeda Pharmaceutical Co., Ltd. (a) | 4,100 | 175,464 | |||
TDK Corp. | 700 | 76,357 | |||
Teijin, Ltd. | 1,200 | 23,021 | |||
Temp Holdings Co., Ltd. | 700 | 16,424 | |||
Terumo Corp. | 1,800 | 106,651 | |||
THK Co., Ltd. | 600 | 15,277 | |||
Tobu Railway Co., Ltd. | 1,000 | 29,581 | |||
Toho Co., Ltd. | 500 | 15,693 | |||
Toho Gas Co., Ltd. | 400 | 15,196 | |||
Tohoku Electric Power Co., Inc. | 2,300 | 31,224 | |||
Tokio Marine Holdings, Inc. | 3,900 | 193,549 | |||
Tokyo Century Corp. (a) | 200 | 12,431 | |||
Tokyo Electric Power Co. Holdings, Inc. (b) | 9,200 | 45,196 | |||
Tokyo Electron, Ltd. (a) | 900 | 123,687 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Tokyo Gas Co., Ltd. | 2,100 | $ 51,629 | |||
Tokyo Tatemono Co., Ltd. | 1,200 | 14,643 | |||
Tokyu Corp. | 2,900 | 53,055 | |||
Tokyu Fudosan Holdings Corp. | 2,800 | 19,524 | |||
Toppan Printing Co., Ltd. | 1,000 | 16,067 | |||
Toray Industries, Inc. | 8,100 | 60,865 | |||
Toshiba Corp. (b) | 4,000 | 115,684 | |||
Tosoh Corp. | 1,600 | 24,651 | |||
TOTO, Ltd. | 700 | 29,058 | |||
Toyo Seikan Group Holdings, Ltd. | 900 | 18,676 | |||
Toyo Suisan Kaisha, Ltd. | 300 | 11,634 | |||
Toyoda Gosei Co., Ltd. (a) | 300 | 7,409 | |||
Toyota Industries Corp. | 700 | 41,414 | |||
Toyota Motor Corp. | 13,400 | 837,021 | |||
Toyota Tsusho Corp. | 1,300 | 49,100 | |||
Trend Micro, Inc. | 600 | 38,614 | |||
Tsuruha Holdings, Inc. | 200 | 24,634 | |||
Unicharm Corp. | 2,300 | 76,096 | |||
United Urban Investment Corp. REIT | 17 | 26,686 | |||
USS Co., Ltd. | 1,400 | 25,995 | |||
West Japan Railway Co. | 900 | 62,763 | |||
Yahoo! Japan Corp. | 16,800 | 60,494 | |||
Yakult Honsha Co., Ltd. | 600 | 49,179 | |||
Yamada Denki Co., Ltd. (a) | 4,600 | 23,287 | |||
Yamaguchi Financial Group, Inc. | 1,000 | 10,899 | |||
Yamaha Corp. | 700 | 37,100 | |||
Yamaha Motor Co., Ltd. | 1,700 | 47,669 | |||
Yamato Holdings Co., Ltd. (a) | 1,800 | 55,275 | |||
Yamazaki Baking Co., Ltd. | 700 | 14,014 | |||
Yaskawa Electric Corp. (a) | 1,500 | 44,570 | |||
Yokogawa Electric Corp. | 1,400 | 29,618 | |||
Yokohama Rubber Co., Ltd. | 500 | 10,780 | |||
20,115,316 | |||||
LUXEMBOURG — 0.4% | |||||
ArcelorMittal | 3,834 | 119,345 | |||
Eurofins Scientific SE | 68 | 38,622 | |||
Millicom International Cellular SA SDR | 414 | 23,765 | |||
RTL Group SA | 253 | 18,058 | |||
SES SA | 2,269 | 49,810 | |||
Tenaris SA | 2,934 | 49,175 | |||
298,775 | |||||
MACAU — 0.0% (c) | |||||
MGM China Holdings, Ltd. (a) | 5,600 | 8,874 | |||
Wynn Macau, Ltd. | 9,200 | 21,163 | |||
30,037 | |||||
MEXICO — 0.0% (c) | |||||
Fresnillo PLC | 1,406 | 15,060 | |||
NETHERLANDS — 2.9% | |||||
ABN AMRO Group NV (d) | 2,218 | 60,412 | |||
Aegon NV | 11,146 | 72,343 | |||
Akzo Nobel NV | 1,455 | 136,111 | |||
ALTICE EUROPE NV (b) | 102 | 275 | |||
ASML Holding NV | 2,354 | 439,928 | |||
Boskalis Westminster (a) | 25 | 787 |
Security Description | Shares | Value | |||
EXOR NV | 691 | $ 46,406 | |||
Heineken Holding NV | 622 | 56,351 | |||
Heineken NV | 1,452 | 136,202 | |||
ING Groep NV | 22,451 | 291,643 | |||
Koninklijke Ahold Delhaize NV | 7,297 | 167,390 | |||
Koninklijke DSM NV | 1,084 | 114,877 | |||
Koninklijke KPN NV | 21,368 | 56,389 | |||
Koninklijke Philips NV | 5,537 | 252,329 | |||
Koninklijke Vopak NV | 437 | 21,542 | |||
NN Group NV | 1,787 | 79,765 | |||
NXP Semiconductors NV | 1,987 | 169,889 | |||
Randstad NV | 737 | 39,360 | |||
Wolters Kluwer NV | 1,670 | 104,123 | |||
2,246,122 | |||||
NEW ZEALAND — 0.2% | |||||
a2 Milk Co., Ltd. (b) | 3,843 | 28,687 | |||
Auckland International Airport, Ltd. | 6,282 | 30,402 | |||
Fisher & Paykel Healthcare Corp., Ltd. | 3,477 | 34,692 | |||
Fletcher Building, Ltd. (b) | 5,185 | 22,481 | |||
Meridian Energy, Ltd. | 8,015 | 17,455 | |||
Ryman Healthcare, Ltd. | 2,436 | 22,609 | |||
Spark New Zealand, Ltd. | 11,442 | 30,721 | |||
187,047 | |||||
NORWAY — 0.6% | |||||
DNB ASA | 5,673 | 119,301 | |||
Gjensidige Forsikring ASA | 1,268 | 21,364 | |||
Marine Harvest ASA | 2,381 | 55,130 | |||
Norsk Hydro ASA | 8,411 | 50,466 | |||
Orkla ASA | 5,107 | 43,122 | |||
Schibsted ASA Class B | 569 | 19,704 | |||
Telenor ASA | 4,355 | 85,086 | |||
Yara International ASA | 1,106 | 54,286 | |||
448,459 | |||||
PORTUGAL — 0.1% | |||||
EDP - Energias de Portugal SA | 14,482 | 53,457 | |||
Jeronimo Martins SGPS SA | 1,590 | 23,426 | |||
76,883 | |||||
SINGAPORE — 1.4% | |||||
Ascendas Real Estate Investment Trust | 13,800 | 26,664 | |||
CapitaLand Commercial Trust REIT | 15,994 | 20,836 | |||
CapitaLand Mall Trust REIT (a) | 16,100 | 26,159 | |||
CapitaLand, Ltd. | 16,100 | 39,709 | |||
City Developments, Ltd. | 2,300 | 15,335 | |||
ComfortDelGro Corp., Ltd. | 13,800 | 24,543 | |||
DBS Group Holdings, Ltd. | 10,373 | 198,069 | |||
Genting Singapore, Ltd. | 36,800 | 28,549 | |||
Golden Agri-Resources, Ltd. | 29,400 | 5,379 | |||
Hutchison Port Holdings Trust | 1,800 | 450 | |||
Jardine Cycle & Carriage, Ltd. | 400 | 9,365 | |||
Keppel Corp., Ltd. | 9,200 | 46,864 | |||
Oversea-Chinese Banking Corp., Ltd. | 18,400 | 154,057 | |||
SATS, Ltd. | 4,200 | 16,046 | |||
Sembcorp Industries, Ltd. | 6,900 | 15,604 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Singapore Airlines, Ltd. | 2,300 | $ 16,396 | |||
Singapore Exchange, Ltd. | 4,600 | 24,812 | |||
Singapore Press Holdings, Ltd. (a) | 9,200 | 19,325 | |||
Singapore Technologies Engineering, Ltd. | 9,200 | 23,970 | |||
Singapore Telecommunications, Ltd. | 47,300 | 112,162 | |||
Suntec Real Estate Investment Trust | 16,100 | 22,742 | |||
United Overseas Bank, Ltd. | 7,771 | 154,015 | |||
UOL Group, Ltd. | 2,823 | 14,235 | |||
Venture Corp., Ltd. | 1,400 | 18,064 | |||
Wilmar International, Ltd. | 11,500 | 27,101 | |||
1,060,451 | |||||
SOUTH AFRICA — 0.1% | |||||
Investec PLC | 3,880 | 27,302 | |||
Mediclinic International PLC | 2,293 | 12,828 | |||
Old Mutual, Ltd. | 1,355 | 2,866 | |||
42,996 | |||||
SPAIN — 3.0% | |||||
Abertis Infraestructuras SA (a)(f) | 177 | 3,775 | |||
ACS Actividades de Construccion y Servicios SA | 1,506 | 64,161 | |||
Aena SME SA (d) | 414 | 71,889 | |||
Amadeus IT Group SA | 2,533 | 235,425 | |||
Banco Bilbao Vizcaya Argentaria SA | 38,701 | 246,782 | |||
Banco de Sabadell SA | 33,062 | 51,420 | |||
Banco Santander SA | 93,400 | 470,333 | |||
Bankia SA | 7,200 | 28,241 | |||
Bankinter SA | 4,225 | 38,925 | |||
CaixaBank SA | 20,590 | 94,178 | |||
Enagas SA | 1,429 | 38,590 | |||
Endesa SA | 2,012 | 43,490 | |||
Ferrovial SA | 2,826 | 58,656 | |||
Grifols SA | 1,896 | 53,425 | |||
Iberdrola SA | 34,735 | 255,705 | |||
Industria de Diseno Textil SA | 6,305 | 191,210 | |||
Mapfre SA | 6,754 | 21,197 | |||
Naturgy Energy Group SA | 2,203 | 60,157 | |||
Red Electrica Corp. SA | 2,704 | 56,658 | |||
Siemens Gamesa Renewable Energy SA (a)(b) | 1,726 | 21,852 | |||
Telefonica SA | 27,005 | 213,855 | |||
2,319,924 | |||||
SWEDEN — 2.9% | |||||
Alfa Laval AB | 1,850 | 50,134 | |||
Assa Abloy AB Class B | 5,816 | 116,834 | |||
Atlas Copco AB Class A | 3,997 | 115,148 | |||
Atlas Copco AB Class B | 2,263 | 60,346 | |||
Boliden AB | 1,735 | 48,364 | |||
Electrolux AB Class B | 1,521 | 33,522 | |||
Epiroc AB Class A (b) | 3,726 | 41,604 | |||
Epiroc AB Class B (b) | 2,165 | 22,275 | |||
Essity AB Class B | 3,519 | 88,398 | |||
Getinge AB Class B | 62 | 714 | |||
Hennes & Mauritz AB Class B (a) | 5,125 | 94,649 | |||
Hexagon AB Class B | 1,502 | 87,993 |
Security Description | Shares | Value | |||
Husqvarna AB Class B | 2,589 | $ 22,038 | |||
ICA Gruppen AB (a) | 506 | 16,045 | |||
Industrivarden AB Class C | 1,014 | 22,519 | |||
Investor AB Class B | 2,642 | 122,011 | |||
Kinnevik AB Class B | 1,498 | 45,328 | |||
L E Lundbergforetagen AB Class B | 406 | 13,678 | |||
Nordea Bank AB | 17,568 | 191,341 | |||
Sandvik AB | 6,662 | 118,172 | |||
Securitas AB Class B | 1,989 | 34,610 | |||
Skandinaviska Enskilda Banken AB Class A | 9,514 | 106,168 | |||
Skanska AB Class B | 2,150 | 42,199 | |||
SKF AB Class B | 2,204 | 43,457 | |||
Svenska Handelsbanken AB Class A | 8,852 | 111,730 | |||
Swedbank AB Class A | 5,254 | 130,151 | |||
Swedish Match AB | 1,058 | 54,130 | |||
Tele2 AB Class B | 2,233 | 26,867 | |||
Telefonaktiebolaget LM Ericsson Class B | 17,824 | 158,093 | |||
Telia Co. AB | 16,240 | 74,542 | |||
Volvo AB Class B | 9,073 | 160,276 | |||
2,253,336 | |||||
SWITZERLAND — 9.3% | |||||
ABB, Ltd. | 10,634 | 252,460 | |||
Adecco Group AG | 945 | 49,862 | |||
Baloise Holding AG | 284 | 43,525 | |||
Barry Callebaut AG | 14 | 26,659 | |||
Chocoladefabriken Lindt & Spruengli AG (e) | 6 | 42,260 | |||
Chocoladefabriken Lindt & Spruengli AG (e) | 1 | 82,412 | |||
Cie Financiere Richemont SA | 3,021 | 247,420 | |||
Clariant AG (b) | 1,170 | 30,592 | |||
Coca-Cola HBC AG (b) | 1,129 | 38,470 | |||
Credit Suisse Group AG (b) | 14,648 | 221,190 | |||
Dufry AG (a)(b) | 204 | 23,109 | |||
EMS-Chemie Holding AG | 46 | 27,549 | |||
Ferguson PLC | 1,374 | 116,733 | |||
Geberit AG | 215 | 100,192 | |||
Givaudan SA | 51 | 125,986 | |||
Julius Baer Group, Ltd. (b) | 1,300 | 65,359 | |||
Kuehne + Nagel International AG | 345 | 54,922 | |||
LafargeHolcim, Ltd. (b) | 2,842 | 140,965 | |||
Lonza Group AG (b) | 414 | 141,984 | |||
Nestle SA | 18,036 | 1,510,755 | |||
Novartis AG | 12,623 | 1,090,685 | |||
Pargesa Holding SA | 207 | 16,710 | |||
Partners Group Holding AG | 100 | 79,699 | |||
Roche Holding AG | 4,066 | 989,651 | |||
Schindler Holding AG (e) | 238 | 59,597 | |||
Schindler Holding AG (e) | 138 | 33,455 | |||
SGS SA | 31 | 82,007 | |||
Sika AG | 736 | 107,672 | |||
Sonova Holding AG | 322 | 64,380 | |||
STMicroelectronics NV | 3,995 | 72,712 | |||
Straumann Holding AG | 65 | 49,109 | |||
Swatch Group AG (e) | 184 | 73,521 | |||
Swatch Group AG (e) | 299 | 23,417 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Swiss Life Holding AG (b) | 207 | $ 78,833 | |||
Swiss Prime Site AG (b) | 437 | 37,423 | |||
Swiss Re AG | 1,821 | 168,901 | |||
Swisscom AG | 161 | 73,413 | |||
Temenos AG (b) | 316 | 51,502 | |||
UBS Group AG (b) | 22,481 | 356,732 | |||
Vifor Pharma AG | 230 | 40,064 | |||
Zurich Insurance Group AG | 876 | 278,189 | |||
7,170,076 | |||||
UNITED ARAB EMIRATES — 0.0% (c) | |||||
NMC Health PLC | 546 | 24,166 | |||
UNITED KINGDOM — 14.9% | |||||
3i Group PLC | 5,644 | 69,273 | |||
Admiral Group PLC | 1,337 | 36,265 | |||
Ashtead Group PLC | 2,874 | 91,335 | |||
Associated British Foods PLC | 2,066 | 61,696 | |||
AstraZeneca PLC | 7,342 | 570,917 | |||
Auto Trader Group PLC (d) | 6,283 | 36,591 | |||
Aviva PLC | 23,173 | 147,921 | |||
Babcock International Group PLC | 1,590 | 14,991 | |||
BAE Systems PLC | 18,366 | 150,838 | |||
Barclays PLC | 99,478 | 222,840 | |||
Barratt Developments PLC | 6,283 | 46,456 | |||
Berkeley Group Holdings PLC | 830 | 39,820 | |||
British American Tobacco PLC | 13,268 | 620,195 | |||
British Land Co. PLC REIT | 5,443 | 43,780 | |||
BT Group PLC | 48,931 | 143,760 | |||
Bunzl PLC | 2,104 | 66,206 | |||
Burberry Group PLC | 2,440 | 64,115 | |||
Capita PLC | 184 | 343 | |||
Carnival PLC | 1,058 | 65,728 | |||
CNH Industrial NV | 5,936 | 71,360 | |||
Cobham PLC (b) | 657 | 1,000 | |||
Coca-Cola European Partners PLC | 1,383 | 62,648 | |||
Compass Group PLC | 9,144 | 203,427 | |||
ConvaTec Group PLC (d) | 7,341 | 22,248 | |||
Croda International PLC | 806 | 54,676 | |||
DCC PLC | 553 | 50,227 | |||
Diageo PLC | 14,280 | 506,327 | |||
Direct Line Insurance Group PLC | 8,619 | 36,405 | |||
easyJet PLC | 991 | 16,981 | |||
Experian PLC | 5,310 | 136,447 | |||
Fiat Chrysler Automobiles NV (b) | 6,463 | 113,683 | |||
G4S PLC | 9,698 | 30,605 | |||
GlaxoSmithKline PLC | 28,707 | 575,306 | |||
GVC Holdings PLC | 2,864 | 34,304 | |||
Hammerson PLC REIT | 4,969 | 29,593 | |||
Hargreaves Lansdown PLC | 1,643 | 47,886 | |||
HSBC Holdings PLC | 116,026 | 1,013,432 | |||
IMI PLC | 75 | 1,073 | |||
Imperial Brands PLC | 5,525 | 192,442 | |||
Informa PLC | 6,940 | 68,980 | |||
InterContinental Hotels Group PLC | 1,127 | 70,250 | |||
International Consolidated Airlines Group SA | 4,027 | 34,622 | |||
Intertek Group PLC | 937 | 60,997 |
Security Description | Shares | Value | |||
ITV PLC | 22,682 | $ 46,690 | |||
J Sainsbury PLC | 10,253 | 43,026 | |||
John Wood Group PLC | 4,118 | 41,436 | |||
Johnson Matthey PLC | 1,198 | 55,647 | |||
Kingfisher PLC | 12,599 | 42,389 | |||
Land Securities Group PLC REIT | 4,634 | 53,384 | |||
Legal & General Group PLC | 34,564 | 118,182 | |||
Lloyds Banking Group PLC | 417,133 | 322,406 | |||
London Stock Exchange Group PLC | 1,817 | 108,663 | |||
Marks & Spencer Group PLC | 10,161 | 38,267 | |||
Meggitt PLC | 4,852 | 35,838 | |||
Melrose Industries PLC | 25,445 | 66,330 | |||
Merlin Entertainments PLC (d) | 4,433 | 23,147 | |||
Micro Focus International PLC | 2,653 | 49,456 | |||
Mondi PLC | 2,293 | 62,913 | |||
National Grid PLC | 19,525 | 201,503 | |||
Next PLC | 876 | 62,761 | |||
Pearson PLC | 4,552 | 52,831 | |||
Persimmon PLC | 1,793 | 55,298 | |||
Prudential PLC | 14,976 | 343,621 | |||
Randgold Resources, Ltd. | 576 | 40,937 | |||
Reckitt Benckiser Group PLC | 3,853 | 352,519 | |||
RELX PLC (e) | 6,248 | 131,667 | |||
RELX PLC (e) | 5,572 | 117,109 | |||
Rolls-Royce Holdings PLC (b) | 9,854 | 126,882 | |||
Royal Bank of Scotland Group PLC | 27,669 | 90,204 | |||
Royal Mail PLC | 5,639 | 35,084 | |||
RSA Insurance Group PLC | 6,398 | 47,974 | |||
Sage Group PLC | 6,754 | 51,647 | |||
Schroders PLC | 728 | 29,382 | |||
Segro PLC REIT | 6,495 | 54,020 | |||
Severn Trent PLC | 1,498 | 36,120 | |||
Shire PLC | 5,259 | 317,079 | |||
Sky PLC | 5,985 | 134,944 | |||
Smith & Nephew PLC | 5,087 | 92,839 | |||
Smiths Group PLC | 2,473 | 48,229 | |||
St James's Place PLC | 3,280 | 48,932 | |||
Standard Chartered PLC | 16,359 | 135,763 | |||
Standard Life Aberdeen PLC | 15,551 | 62,034 | |||
Taylor Wimpey PLC | 20,401 | 45,706 | |||
Tesco PLC | 55,590 | 173,836 | |||
Travis Perkins PLC | 1,032 | 14,339 | |||
Unilever NV | 8,977 | 500,121 | |||
Unilever PLC | 7,140 | 392,548 | |||
United Utilities Group PLC | 4,271 | 39,210 | |||
Vodafone Group PLC | 154,022 | 330,402 | |||
Weir Group PLC | 1,386 | 31,865 | |||
Whitbread PLC | 1,129 | 69,447 | |||
Wm Morrison Supermarkets PLC | 13,879 | 46,949 | |||
WPP PLC | 7,378 | 108,191 | |||
11,457,756 | |||||
TOTAL COMMON STOCKS (Cost $73,471,008) | 76,542,362 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
RIGHTS — 0.0% (c) | ||||||
AUSTRALIA — 0.0% (c) | ||||||
Harvey Norman Holdings, Ltd. (expiring 10/15/18) (b) (Cost $0) | 197 | $ 114 | ||||
SHORT-TERM INVESTMENTS — 1.9% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (g) (h) | 16,515 | 16,515 | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (g) (i) | 1,469,041 | 1,469,041 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,485,556) | 1,485,556 | |||||
TOTAL INVESTMENTS — 101.4% (Cost $74,956,564) | 78,028,032 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.4)% | (1,090,727) | |||||
NET ASSETS — 100.0% | $ 76,937,305 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Amount is less than 0.05% of net assets. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.7% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $3,775, representing less than 0.05% of net assets. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(i) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
REIT | = Real Estate Investment Trust |
SDR | = Swedish Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 4,639,893 | $ — | $— | $ 4,639,893 | ||||
Austria | 153,313 | — | — | 153,313 | ||||
Belgium | 869,315 | — | — | 869,315 | ||||
Chile | 27,317 | — | — | 27,317 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
China | $ 133,335 | $ — | $— | $ 133,335 | ||||
Denmark | 1,424,088 | — | — | 1,424,088 | ||||
Finland | 912,126 | — | — | 912,126 | ||||
France | 8,031,505 | — | — | 8,031,505 | ||||
Germany | 7,820,454 | — | — | 7,820,454 | ||||
Hong Kong | 2,668,564 | — | — | 2,668,564 | ||||
Ireland | 520,204 | — | — | 520,204 | ||||
Israel | 463,812 | — | — | 463,812 | ||||
Italy | 1,132,032 | — | — | 1,132,032 | ||||
Japan | 20,115,316 | — | — | 20,115,316 | ||||
Luxembourg | 298,775 | — | — | 298,775 | ||||
Macau | 30,037 | — | — | 30,037 | ||||
Mexico | 15,060 | — | — | 15,060 | ||||
Netherlands | 2,246,122 | — | — | 2,246,122 | ||||
New Zealand | 187,047 | — | — | 187,047 | ||||
Norway | 448,459 | — | — | 448,459 | ||||
Portugal | 76,883 | — | — | 76,883 | ||||
Singapore | 1,060,451 | — | — | 1,060,451 | ||||
South Africa | 42,996 | — | — | 42,996 | ||||
Spain | 2,316,149 | 3,775 | — | 2,319,924 | ||||
Sweden | 2,253,336 | — | — | 2,253,336 | ||||
Switzerland | 7,170,076 | — | — | 7,170,076 | ||||
United Arab Emirates | 24,166 | — | — | 24,166 | ||||
United Kingdom | 11,457,756 | — | — | 11,457,756 | ||||
Rights | ||||||||
Australia | 114 | — | — | 114 | ||||
Short-Term Investments | 1,485,556 | — | — | 1,485,556 | ||||
TOTAL INVESTMENTS | $78,024,257 | $3,775 | $— | $78,028,032 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 75,546 | $ 75,546 | $ 3,471,097 | $ 3,530,128 | $— | $— | 16,515 | $ 16,515 | $ 738 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 242,956 | 242,956 | 16,564,319 | 15,338,234 | — | — | 1,469,041 | 1,469,041 | 16,518 | — | |||||||||
Total | $318,502 | $20,035,416 | $18,868,362 | $— | $— | $1,485,556 | $17,256 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.4% | |||||
AUSTRALIA — 5.3% | |||||
AGL Energy, Ltd. | 25,696 | $ 362,551 | |||
Amcor, Ltd. | 27,662 | 273,803 | |||
Aristocrat Leisure, Ltd. | 12,964 | 266,770 | |||
ASX, Ltd. | 4,739 | 218,284 | |||
Australia & New Zealand Banking Group, Ltd. | 26,541 | 541,162 | |||
BHP Billiton PLC | 10,726 | 233,755 | |||
BHP Billiton, Ltd. | 14,063 | 352,370 | |||
Brambles, Ltd. | 38,754 | 305,641 | |||
Caltex Australia, Ltd. | 6,417 | 138,826 | |||
Cochlear, Ltd. | 2,641 | 383,402 | |||
Commonwealth Bank of Australia | 18,328 | 946,984 | |||
CSL, Ltd. | 17,023 | 2,477,071 | |||
Dexus REIT | 36,552 | 279,283 | |||
Goodman Group REIT | 21,435 | 160,676 | |||
GPT Group REIT | 48,708 | 183,614 | |||
Insurance Australia Group, Ltd. | 35,627 | 188,694 | |||
LendLease Group | 5,467 | 77,768 | |||
Macquarie Group, Ltd. | 1,439 | 131,231 | |||
Medibank Pvt, Ltd. | 120,495 | 253,706 | |||
Mirvac Group REIT | 108,490 | 189,180 | |||
National Australia Bank, Ltd. (a) | 21,567 | 433,970 | |||
Newcrest Mining, Ltd. | 20,306 | 285,180 | |||
QBE Insurance Group, Ltd. | 15,296 | 123,070 | |||
Ramsay Health Care, Ltd. | 2,523 | 100,276 | |||
REA Group, Ltd. | 1,443 | 89,718 | |||
Scentre Group REIT | 116,801 | 335,510 | |||
SEEK, Ltd. | 3,087 | 46,370 | |||
Sonic Healthcare, Ltd. | 25,583 | 461,099 | |||
Stockland REIT | 56,510 | 169,684 | |||
Suncorp Group, Ltd. | 10,154 | 106,237 | |||
Tabcorp Holdings, Ltd. | 18,778 | 66,168 | |||
Telstra Corp., Ltd. | 323,435 | 746,529 | |||
Transurban Group Stapled Security | 60,558 | 491,624 | |||
Vicinity Centres REIT | 159,781 | 302,897 | |||
Wesfarmers, Ltd. | 28,327 | 1,021,726 | |||
Westpac Banking Corp. | 26,281 | 531,106 | |||
Woodside Petroleum, Ltd. | 5,202 | 145,212 | |||
Woolworths Group, Ltd. | 36,412 | 739,793 | |||
14,160,940 | |||||
AUSTRIA — 0.0% (b) | |||||
OMV AG | 1,810 | 101,731 | |||
BELGIUM — 1.1% | |||||
Ageas | 2,817 | 151,524 | |||
Anheuser-Busch InBev SA | 4,686 | 409,406 | |||
Colruyt SA (a) | 10,196 | 577,329 | |||
Groupe Bruxelles Lambert SA | 6,242 | 654,682 | |||
KBC Group NV | 2,055 | 152,999 | |||
Proximus SADP | 21,094 | 504,224 | |||
Solvay SA | 729 | 97,798 | |||
UCB SA | 4,498 | 404,371 | |||
2,952,333 | |||||
CHINA — 0.1% | |||||
BOC Hong Kong Holdings, Ltd. | 47,536 | 225,989 |
Security Description | Shares | Value | |||
DENMARK — 4.0% | |||||
AP Moller - Maersk A/S Class B | 94 | $ 132,061 | |||
Carlsberg A/S Class B | 1,399 | 167,871 | |||
Chr. Hansen Holding A/S | 9,369 | 951,442 | |||
Coloplast A/S Class B | 9,307 | 952,104 | |||
Danske Bank A/S | 30,627 | 804,750 | |||
DSV A/S | 9,835 | 894,599 | |||
Genmab A/S (c) | 1,234 | 194,123 | |||
H Lundbeck A/S | 6,814 | 421,023 | |||
ISS A/S | 11,533 | 405,968 | |||
Novo Nordisk A/S Class B | 69,270 | 3,262,633 | |||
Novozymes A/S Class B | 7,318 | 401,898 | |||
Orsted A/S (d) | 11,557 | 785,365 | |||
Pandora A/S | 3,989 | 249,206 | |||
Tryg A/S | 17,551 | 437,111 | |||
William Demant Holding A/S (c) | 13,013 | 489,278 | |||
10,549,432 | |||||
FINLAND — 1.4% | |||||
Elisa Oyj | 16,264 | 690,075 | |||
Fortum Oyj | 2,830 | 70,967 | |||
Kone Oyj Class B | 11,066 | 591,502 | |||
Neste Oyj | 2,305 | 190,621 | |||
Nokia Oyj | 22,999 | 127,609 | |||
Nokian Renkaat Oyj | 3,208 | 131,494 | |||
Orion Oyj Class B | 5,642 | 213,765 | |||
Sampo Oyj Class A | 23,098 | 1,196,543 | |||
UPM-Kymmene Oyj | 3,371 | 132,341 | |||
Wartsila OYJ Abp | 11,847 | 231,035 | |||
3,575,952 | |||||
FRANCE — 8.2% | |||||
Aeroports de Paris | 2,823 | 635,781 | |||
Air Liquide SA | 4,627 | 608,903 | |||
Airbus SE | 2,786 | 350,064 | |||
Atos SE | 705 | 83,933 | |||
AXA SA | 23,258 | 625,378 | |||
BNP Paribas SA | 15,480 | 947,727 | |||
Bureau Veritas SA | 3,206 | 82,779 | |||
Capgemini SE | 818 | 102,992 | |||
Carrefour SA | 6,967 | 133,521 | |||
Casino Guichard Perrachon SA (a) | 2,426 | 102,061 | |||
Cie de Saint-Gobain | 4,254 | 183,534 | |||
Cie Generale des Etablissements Michelin SCA | 4,687 | 560,454 | |||
Credit Agricole SA | 17,099 | 245,992 | |||
Danone SA | 7,346 | 569,109 | |||
Dassault Systemes SE | 7,470 | 1,117,087 | |||
Engie SA | 18,011 | 264,949 | |||
Essilor International Cie Generale d'Optique SA | 5,345 | 791,237 | |||
Eutelsat Communications SA (a) | 4,590 | 108,545 | |||
Hermes International | 1,556 | 1,031,242 | |||
Iliad SA (a) | 685 | 89,508 | |||
Kering SA | 220 | 117,978 | |||
Legrand SA | 6,188 | 451,222 | |||
L'Oreal SA | 9,330 | 2,250,801 | |||
LVMH Moet Hennessy Louis Vuitton SE | 6,836 | 2,418,527 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Orange SA | 15,201 | $ 242,505 | |||
Pernod Ricard SA | 1,027 | 168,551 | |||
Publicis Groupe SA | 1,494 | 89,332 | |||
Renault SA | 2,243 | 194,091 | |||
Safran SA | 7,356 | 1,031,260 | |||
Sanofi | 10,944 | 973,189 | |||
Schneider Electric SE | 2,757 | 221,916 | |||
SCOR SE | 7,960 | 369,821 | |||
SEB SA | 449 | 76,454 | |||
Societe BIC SA | 841 | 77,022 | |||
Societe Generale SA | 13,102 | 562,608 | |||
Sodexo SA | 5,031 | 533,746 | |||
Thales SA | 6,840 | 972,029 | |||
TOTAL SA | 23,309 | 1,511,778 | |||
Unibail-Rodamco-Westfield (e) | 20,080 | 205,148 | |||
Unibail-Rodamco-Westfield (e) | 561 | 112,871 | |||
Valeo SA | 6,370 | 276,713 | |||
Vinci SA | 3,055 | 291,038 | |||
Vivendi SA | 5,465 | 140,726 | |||
21,924,122 | |||||
GERMANY — 8.0% | |||||
adidas AG | 4,686 | 1,147,884 | |||
Allianz SE | 3,755 | 837,395 | |||
BASF SE | 23,258 | 2,067,934 | |||
Bayer AG | 9,183 | 816,059 | |||
Bayerische Motoren Werke AG | 3,287 | 296,685 | |||
Beiersdorf AG | 7,127 | 804,457 | |||
Commerzbank AG (c) | 19,207 | 200,223 | |||
Continental AG | 3,373 | 587,465 | |||
Covestro AG (d) | 3,784 | 307,043 | |||
Daimler AG | 12,756 | 805,254 | |||
Deutsche Bank AG | 27,624 | 315,334 | |||
Deutsche Boerse AG | 780 | 104,549 | |||
Deutsche Lufthansa AG | 7,206 | 177,104 | |||
Deutsche Post AG | 25,887 | 923,380 | |||
Deutsche Telekom AG | 20,722 | 334,192 | |||
E.ON SE | 17,411 | 177,557 | |||
Fresenius Medical Care AG & Co. KGaA | 6,124 | 630,072 | |||
Fresenius SE & Co. KGaA | 2,567 | 188,554 | |||
Fuchs Petrolub SE Preference Shares | 2,157 | 120,558 | |||
GEA Group AG | 3,846 | 137,051 | |||
Hannover Rueck SE | 1,681 | 237,617 | |||
HeidelbergCement AG | 1,239 | 96,880 | |||
Henkel AG & Co. KGaA Preference Shares | 4,109 | 482,271 | |||
Henkel AG & Co. KGaA | 5,780 | 613,947 | |||
HUGO BOSS AG | 2,157 | 166,155 | |||
Infineon Technologies AG | 4,089 | 92,945 | |||
Innogy SE (d)(e) | 266 | 11,892 | |||
Innogy SE (c)(e) | 10,579 | 449,108 | |||
Linde AG | 878 | 207,732 | |||
MAN SE | 4,873 | 530,058 | |||
Merck KGaA | 3,004 | 310,534 | |||
METRO AG | 6,067 | 95,132 |
Security Description | Shares | Value | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 4,219 | $ 934,745 | |||
Porsche Automobil Holding SE Preference Shares | 1,792 | 120,722 | |||
ProSiebenSat.1 Media SE | 5,060 | 131,473 | |||
Puma SE | 59 | 29,125 | |||
RWE AG | 7,744 | 191,136 | |||
SAP SE | 26,264 | 3,233,596 | |||
Siemens AG | 4,873 | 624,523 | |||
ThyssenKrupp AG | 5,517 | 139,310 | |||
TUI AG | 16,177 | 310,738 | |||
Uniper SE | 15,868 | 488,597 | |||
United Internet AG | 1,062 | 50,266 | |||
Volkswagen AG Preference Shares | 3,532 | 621,926 | |||
21,149,178 | |||||
HONG KONG — 5.6% | |||||
AIA Group, Ltd. | 277,223 | 2,476,439 | |||
ASM Pacific Technology, Ltd. | 11,600 | 118,151 | |||
Bank of East Asia, Ltd. | 29,475 | 109,991 | |||
CK Asset Holdings, Ltd. | 24,120 | 181,095 | |||
CK Hutchison Holdings, Ltd. | 43,500 | 501,438 | |||
CK Infrastructure Holdings, Ltd. | 91,000 | 721,032 | |||
CLP Holdings, Ltd. | 135,000 | 1,581,202 | |||
Galaxy Entertainment Group, Ltd. | 49,000 | 310,911 | |||
Hang Seng Bank, Ltd. | 62,529 | 1,698,893 | |||
HK Electric Investments & HK Electric Investments, Ltd. (a) | 371,040 | 374,601 | |||
HKT Trust & HKT, Ltd. | 468,540 | 644,288 | |||
Hong Kong & China Gas Co., Ltd. | 640,272 | 1,271,560 | |||
Hong Kong Exchanges & Clearing, Ltd. | 30,843 | 882,929 | |||
Jardine Matheson Holdings, Ltd. | 5,000 | 313,750 | |||
Jardine Strategic Holdings, Ltd. | 2,600 | 94,380 | |||
Li & Fung, Ltd. | 134,000 | 29,968 | |||
Link REIT | 45,500 | 448,028 | |||
MTR Corp., Ltd. | 182,667 | 961,786 | |||
New World Development Co., Ltd. | 75,749 | 103,388 | |||
PCCW, Ltd. | 447,000 | 260,492 | |||
Power Assets Holdings, Ltd. | 91,000 | 633,810 | |||
Sands China, Ltd. | 71,600 | 324,377 | |||
Sun Hung Kai Properties, Ltd. | 10,000 | 145,689 | |||
Swire Pacific, Ltd. Class A | 15,500 | 169,858 | |||
Techtronic Industries Co., Ltd. | 37,000 | 236,425 | |||
WH Group, Ltd. (d) | 100,500 | 70,768 | |||
Yue Yuen Industrial Holdings, Ltd. | 69,000 | 191,792 | |||
14,857,041 | |||||
IRELAND — 0.8% | |||||
CRH PLC | 4,864 | 159,204 | |||
Kerry Group PLC Class A | 12,092 | 1,337,772 | |||
Paddy Power Betfair PLC | 856 | 73,077 | |||
Ryanair Holdings PLC ADR (a)(c) | 5,429 | 521,401 | |||
2,091,454 | |||||
ISRAEL — 0.9% | |||||
Azrieli Group, Ltd. | 1,816 | 93,292 | |||
Bank Hapoalim BM | 68,820 | 504,198 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Bank Leumi Le-Israel BM | 90,936 | $ 599,955 | |||
Bezeq The Israeli Telecommunication Corp., Ltd. | 90,449 | 104,051 | |||
Check Point Software Technologies, Ltd. (c) | 4,903 | 576,936 | |||
Mizrahi Tefahot Bank, Ltd. | 17,924 | 314,096 | |||
Teva Pharmaceutical Industries, Ltd. ADR | 624 | 13,441 | |||
Teva Pharmaceutical Industries, Ltd. | 11,406 | 250,096 | |||
2,456,065 | |||||
ITALY — 1.0% | |||||
Assicurazioni Generali SpA | 18,263 | 315,641 | |||
Enel SpA | 82,352 | 422,016 | |||
Eni SpA | 16,261 | 307,520 | |||
Ferrari NV | 1,375 | 189,412 | |||
Intesa Sanpaolo SpA | 118,021 | 301,716 | |||
Luxottica Group SpA | 6,790 | 461,523 | |||
Moncler SpA | 6,157 | 265,315 | |||
Snam SpA | 33,404 | 139,249 | |||
Telecom Italia SpA/Milano | 125,568 | 67,586 | |||
UniCredit SpA | 16,611 | 250,123 | |||
2,720,101 | |||||
JAPAN — 23.7% | |||||
ABC-Mart, Inc. (a) | 5,900 | 328,283 | |||
Aeon Co., Ltd. (a) | 8,400 | 202,448 | |||
Ajinomoto Co., Inc. | 9,400 | 161,418 | |||
ANA Holdings, Inc. | 16,900 | 590,685 | |||
Aozora Bank, Ltd. | 4,400 | 157,274 | |||
Asahi Group Holdings, Ltd. | 9,000 | 390,236 | |||
Astellas Pharma, Inc. | 99,200 | 1,730,989 | |||
Benesse Holdings, Inc. | 6,600 | 187,974 | |||
Bridgestone Corp. | 18,800 | 710,555 | |||
Canon, Inc. | 40,800 | 1,296,721 | |||
Central Japan Railway Co. | 2,300 | 479,095 | |||
Chubu Electric Power Co., Inc. | 9,300 | 140,706 | |||
Concordia Financial Group, Ltd. | 17,900 | 87,778 | |||
Daicel Corp. | 6,100 | 70,890 | |||
Dai-ichi Life Holdings, Inc. | 15,408 | 320,884 | |||
Daiichi Sankyo Co., Ltd. | 15,206 | 659,326 | |||
Daito Trust Construction Co., Ltd. | 6,000 | 772,021 | |||
Daiwa House Industry Co., Ltd. | 14,500 | 429,951 | |||
Daiwa House REIT Investment Corp. | 127 | 290,596 | |||
Denso Corp. | 4,400 | 232,386 | |||
Disco Corp. (a) | 600 | 100,471 | |||
East Japan Railway Co. | 8,100 | 752,701 | |||
Eisai Co., Ltd. | 3,600 | 350,539 | |||
FamilyMart UNY Holdings Co., Ltd. | 3,000 | 312,453 | |||
FANUC Corp. | 100 | 18,858 | |||
Fujitsu, Ltd. | 1,300 | 92,660 | |||
Hikari Tsushin, Inc. | 300 | 59,321 | |||
Hitachi, Ltd. | 12,400 | 421,394 | |||
Honda Motor Co., Ltd. | 19,900 | 602,510 | |||
Hoshizaki Corp. | 600 | 62,121 | |||
Hoya Corp. | 9,400 | 558,613 | |||
Inpex Corp. | 8,000 | 99,802 |
Security Description | Shares | Value | |||
Isuzu Motors, Ltd. | 11,100 | $ 175,024 | |||
ITOCHU Corp. | 16,214 | 296,915 | |||
Japan Airlines Co., Ltd. | 18,600 | 668,771 | |||
Japan Exchange Group, Inc. | 12,906 | 224,976 | |||
Japan Post Bank Co., Ltd. | 18,300 | 216,375 | |||
Japan Post Holdings Co., Ltd. | 51,700 | 615,384 | |||
Japan Prime Realty Investment Corp. REIT | 93 | 331,602 | |||
Japan Real Estate Investment Corp. REIT | 88 | 461,751 | |||
Japan Retail Fund Investment Corp. REIT | 264 | 479,028 | |||
Japan Tobacco, Inc. | 37,300 | 974,000 | |||
JFE Holdings, Inc. | 7,100 | 162,959 | |||
JXTG Holdings, Inc. | 42,282 | 319,502 | |||
Kajima Corp. | 24,000 | 348,849 | |||
Kakaku.com, Inc. | 5,500 | 107,593 | |||
Kansai Electric Power Co., Inc. | 9,300 | 140,255 | |||
Kao Corp. | 18,600 | 1,502,279 | |||
KDDI Corp. | 65,218 | 1,802,345 | |||
Keikyu Corp. (a) | 27,200 | 495,939 | |||
Keyence Corp. | 2,500 | 1,452,216 | |||
Kirin Holdings Co., Ltd. | 15,700 | 402,366 | |||
Koito Manufacturing Co., Ltd. | 1,600 | 105,084 | |||
Komatsu, Ltd. (a) | 5,100 | 155,175 | |||
Kubota Corp. | 6,500 | 110,503 | |||
Kyocera Corp. | 700 | 42,030 | |||
Kyowa Hakko Kirin Co., Ltd. | 4,500 | 84,347 | |||
Kyushu Railway Co. | 17,319 | 527,567 | |||
Lawson, Inc. | 7,600 | 463,019 | |||
M3, Inc. | 13,200 | 299,596 | |||
Marubeni Corp. | 34,300 | 314,056 | |||
Mazda Motor Corp. (a) | 9,300 | 111,680 | |||
McDonald's Holdings Co. Japan, Ltd. | 9,100 | 399,780 | |||
MEIJI Holdings Co., Ltd. | 5,600 | 376,176 | |||
MISUMI Group, Inc. | 7,200 | 186,363 | |||
Mitsubishi Chemical Holdings Corp. | 17,300 | 165,636 | |||
Mitsubishi Corp. | 12,700 | 391,449 | |||
Mitsubishi Electric Corp. | 9,400 | 128,812 | |||
Mitsubishi Heavy Industries, Ltd. | 4,300 | 166,079 | |||
Mitsubishi Tanabe Pharma Corp. | 28,013 | 468,589 | |||
Mitsubishi UFJ Financial Group, Inc. | 198,900 | 1,241,713 | |||
Mitsui & Co., Ltd. | 17,900 | 318,413 | |||
Mizuho Financial Group, Inc. | 626,300 | 1,092,861 | |||
MS&AD Insurance Group Holdings, Inc. | 7,600 | 253,857 | |||
Murata Manufacturing Co., Ltd. | 800 | 123,009 | |||
Nabtesco Corp. | 1,200 | 31,906 | |||
Nagoya Railroad Co., Ltd. | 17,200 | 426,120 | |||
NH Foods, Ltd. | 6,500 | 240,063 | |||
Nippon Building Fund, Inc. REIT | 98 | 566,853 | |||
Nippon Prologis REIT, Inc. | 199 | 394,023 | |||
Nippon Steel & Sumitomo Metal Corp. | 11,500 | 243,344 | |||
Nippon Telegraph & Telephone Corp. | 34,500 | 1,558,780 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Nippon Yusen KK (a) | 2,200 | $ 41,391 | |||
Nissan Chemical Corp. | 1,100 | 58,106 | |||
Nissan Motor Co., Ltd. (a) | 80,016 | 749,192 | |||
Nissin Foods Holdings Co., Ltd. | 8,200 | 563,824 | |||
Nitori Holdings Co., Ltd. | 5,200 | 745,996 | |||
Nitto Denko Corp. | 5,400 | 404,863 | |||
Nomura Holdings, Inc. | 38,300 | 182,994 | |||
Nomura Real Estate Master Fund, Inc. REIT | 351 | 479,599 | |||
Nomura Research Institute, Ltd. | 1,300 | 65,695 | |||
NTT DOCOMO, Inc. | 78,322 | 2,106,561 | |||
Obayashi Corp. | 11,400 | 107,993 | |||
Ono Pharmaceutical Co., Ltd. | 2,900 | 82,084 | |||
Oracle Corp. Japan | 6,600 | 532,253 | |||
Oriental Land Co., Ltd. | 11,600 | 1,213,259 | |||
ORIX Corp. | 15,700 | 254,606 | |||
Osaka Gas Co., Ltd. | 8,600 | 167,783 | |||
Otsuka Corp. | 14,100 | 526,337 | |||
Otsuka Holdings Co., Ltd. | 11,500 | 579,835 | |||
Panasonic Corp. | 19,500 | 227,215 | |||
Park24 Co., Ltd. | 8,100 | 244,958 | |||
Recruit Holdings Co., Ltd. | 36,005 | 1,202,016 | |||
Resona Holdings, Inc. | 35,900 | 201,743 | |||
Ricoh Co., Ltd. (a) | 10,000 | 107,409 | |||
Ryohin Keikaku Co., Ltd. | 700 | 208,302 | |||
Sankyo Co., Ltd. | 6,700 | 262,196 | |||
Santen Pharmaceutical Co., Ltd. | 3,200 | 50,739 | |||
Secom Co., Ltd. | 7,000 | 570,797 | |||
Sekisui House, Ltd. | 6,500 | 99,144 | |||
Seven & i Holdings Co., Ltd. | 8,900 | 396,478 | |||
Shimamura Co., Ltd. | 2,100 | 199,305 | |||
Shimano, Inc. | 800 | 128,961 | |||
Shionogi & Co., Ltd. | 8,700 | 568,638 | |||
SMC Corp. | 1,200 | 384,135 | |||
SoftBank Group Corp. | 8,900 | 898,737 | |||
Sompo Holdings, Inc. | 2,700 | 115,027 | |||
Sony Corp. | 6,900 | 423,167 | |||
Start Today Co., Ltd. | 7,300 | 221,086 | |||
Subaru Corp. | 18,700 | 572,928 | |||
SUMCO Corp. (a) | 1,200 | 17,411 | |||
Sumitomo Corp. | 12,712 | 212,025 | |||
Sumitomo Electric Industries, Ltd. | 9,400 | 147,474 | |||
Sumitomo Mitsui Financial Group, Inc. | 23,000 | 928,626 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 5,200 | 214,071 | |||
Suntory Beverage & Food, Ltd. | 16,187 | 685,473 | |||
Suzuki Motor Corp. | 1,100 | 63,026 | |||
Sysmex Corp. | 4,900 | 421,904 | |||
T&D Holdings, Inc. | 6,500 | 107,299 | |||
Taisei Corp. | 6,000 | 273,628 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 5,500 | 672,580 | |||
Takeda Pharmaceutical Co., Ltd. (a) | 21,300 | 911,558 | |||
TDK Corp. | 1,200 | 130,898 | |||
Terumo Corp. | 5,800 | 343,655 | |||
Tobu Railway Co., Ltd. | 12,600 | 372,725 | |||
Tohoku Electric Power Co., Inc. | 8,600 | 116,751 |
Security Description | Shares | Value | |||
Tokio Marine Holdings, Inc. | 6,900 | $ 342,433 | |||
Tokyo Electric Power Co. Holdings, Inc. (c) | 62,900 | 309,004 | |||
Tokyo Electron, Ltd. (a) | 200 | 27,486 | |||
Tokyo Gas Co., Ltd. | 11,408 | 280,467 | |||
Toray Industries, Inc. | 59,600 | 447,846 | |||
Toshiba Corp. (c) | 3,900 | 112,792 | |||
Tosoh Corp. | 6,600 | 101,686 | |||
Toyo Suisan Kaisha, Ltd. | 17,000 | 659,286 | |||
Toyota Motor Corp. | 26,000 | 1,624,070 | |||
Toyota Tsusho Corp. | 4,400 | 166,184 | |||
Trend Micro, Inc. | 1,500 | 96,536 | |||
Tsuruha Holdings, Inc. | 2,500 | 307,919 | |||
Unicharm Corp. | 8,906 | 294,658 | |||
United Urban Investment Corp. REIT | 342 | 536,854 | |||
USS Co., Ltd. | 9,800 | 181,962 | |||
West Japan Railway Co. | 5,600 | 390,523 | |||
Yahoo! Japan Corp. | 37,500 | 135,031 | |||
Yamada Denki Co., Ltd. (a) | 76,600 | 387,771 | |||
Yamato Holdings Co., Ltd. (a) | 3,500 | 107,479 | |||
Yaskawa Electric Corp. | 700 | 20,799 | |||
62,931,913 | |||||
LUXEMBOURG — 0.3% | |||||
ArcelorMittal | 5,769 | 179,578 | |||
RTL Group SA | 5,535 | 395,056 | |||
SES SA | 6,448 | 141,549 | |||
716,183 | |||||
NETHERLANDS — 2.4% | |||||
Aegon NV | 32,939 | 213,789 | |||
Akzo Nobel NV | 1,120 | 104,773 | |||
ASML Holding NV | 10,757 | 2,010,325 | |||
EXOR NV | 1,816 | 121,959 | |||
Heineken NV | 1,492 | 139,954 | |||
ING Groep NV | 32,745 | 425,364 | |||
Koninklijke Ahold Delhaize NV | 16,457 | 377,517 | |||
Koninklijke DSM NV | 1,059 | 112,228 | |||
Koninklijke KPN NV | 34,811 | 91,864 | |||
Koninklijke Philips NV | 4,296 | 195,775 | |||
NN Group NV | 7,492 | 334,416 | |||
NXP Semiconductors NV | 1,718 | 146,889 | |||
Randstad NV | 2,418 | 129,135 | |||
Royal Dutch Shell PLC Class A | 31,156 | 1,071,183 | |||
Royal Dutch Shell PLC Class B | 22,059 | 773,518 | |||
Wolters Kluwer NV | 3,846 | 239,795 | |||
6,488,484 | |||||
NEW ZEALAND — 0.3% | |||||
Auckland International Airport, Ltd. | 27,426 | 132,729 | |||
Meridian Energy, Ltd. | 72,331 | 157,522 | |||
Ryman Healthcare, Ltd. | 21,952 | 203,743 | |||
Spark New Zealand, Ltd. | 121,287 | 325,649 | |||
819,643 | |||||
NORWAY — 0.3% | |||||
DNB ASA | 10,374 | 218,161 | |||
Equinor ASA | 6,650 | 187,415 | |||
Gjensidige Forsikring ASA | 6,374 | 107,390 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Telenor ASA | 5,050 | $ 98,665 | |||
Yara International ASA | 1,708 | 83,834 | |||
695,465 | |||||
PORTUGAL — 0.1% | |||||
EDP - Energias de Portugal SA | 25,363 | 93,621 | |||
Jeronimo Martins SGPS SA | 7,970 | 117,427 | |||
211,048 | |||||
SINGAPORE — 1.8% | |||||
ComfortDelGro Corp., Ltd. | 64,400 | 114,533 | |||
DBS Group Holdings, Ltd. | 50,603 | 966,247 | |||
Keppel Corp., Ltd. | 14,211 | 72,389 | |||
Oversea-Chinese Banking Corp., Ltd. | 131,902 | 1,104,372 | |||
SATS, Ltd. | 51,000 | 194,840 | |||
Singapore Airlines, Ltd. | 79,900 | 569,566 | |||
Singapore Press Holdings, Ltd. (a) | 80,000 | 168,039 | |||
Singapore Technologies Engineering, Ltd. | 52,200 | 136,006 | |||
Singapore Telecommunications, Ltd. | 478,000 | 1,133,472 | |||
United Overseas Bank, Ltd. | 18,675 | 370,124 | |||
Venture Corp., Ltd. | 3,200 | 41,290 | |||
4,870,878 | |||||
SOUTH AFRICA — 0.0% (b) | |||||
Investec PLC | 5,708 | 40,165 | |||
SPAIN — 1.9% | |||||
ACS Actividades de Construccion y Servicios SA | 3,014 | 128,408 | |||
Amadeus IT Group SA | 13,783 | 1,281,036 | |||
Banco Bilbao Vizcaya Argentaria SA | 72,866 | 464,640 | |||
Banco de Sabadell SA | 79,271 | 123,286 | |||
Banco Santander SA | 192,734 | 970,547 | |||
CaixaBank SA | 34,096 | 155,955 | |||
Endesa SA | 3,755 | 81,166 | |||
Iberdrola SA | 49,220 | 362,337 | |||
Industria de Diseno Textil SA | 31,986 | 970,031 | |||
Repsol SA | 14,401 | 287,115 | |||
Telefonica SA | 38,678 | 306,295 | |||
5,130,816 | |||||
SWEDEN — 2.4% | |||||
Alfa Laval AB | 1,741 | 47,180 | |||
Assa Abloy AB Class B | 23,987 | 481,860 | |||
Atlas Copco AB Class A | 21,461 | 618,260 | |||
Atlas Copco AB Class B | 5,624 | 149,972 | |||
Boliden AB | 6,457 | 179,990 | |||
Electrolux AB Class B | 5,545 | 122,208 | |||
Epiroc AB Class A (c) | 20,671 | 230,809 | |||
Epiroc AB Class B (c) | 5,417 | 55,734 | |||
Essity AB Class B | 2,996 | 75,261 | |||
Hennes & Mauritz AB Class B (a) | 36,998 | 683,281 | |||
Hexagon AB Class B | 5,628 | 329,711 | |||
ICA Gruppen AB (a) | 4,967 | 157,502 | |||
Investor AB Class B | 13,037 | 602,066 | |||
Kinnevik AB Class B | 2,127 | 64,361 | |||
L E Lundbergforetagen AB Class B | 3,764 | 126,804 |
Security Description | Shares | Value | |||
Nordea Bank AB | 27,870 | $ 303,545 | |||
Sandvik AB | 13,036 | 231,236 | |||
Skandinaviska Enskilda Banken AB Class A | 14,349 | 160,122 | |||
Skanska AB Class B | 11,718 | 229,993 | |||
Svenska Handelsbanken AB Class A | 12,966 | 163,657 | |||
Swedbank AB Class A | 6,929 | 171,643 | |||
Swedish Match AB | 6,844 | 350,157 | |||
Telefonaktiebolaget LM Ericsson Class B | 13,087 | 116,078 | |||
Telia Co. AB | 91,987 | 422,223 | |||
Volvo AB Class B | 9,961 | 175,963 | |||
6,249,616 | |||||
SWITZERLAND — 12.3% | |||||
ABB, Ltd. | 46,695 | 1,108,576 | |||
Adecco Group AG | 4,687 | 247,305 | |||
Baloise Holding AG | 2,337 | 358,158 | |||
Barry Callebaut AG | 167 | 317,998 | |||
Chocoladefabriken Lindt & Spruengli AG | 115 | 809,992 | |||
Cie Financiere Richemont SA | 1,960 | 160,524 | |||
Coca-Cola HBC AG (c) | 636 | 21,672 | |||
Credit Suisse Group AG (c) | 17,212 | 259,907 | |||
EMS-Chemie Holding AG | 279 | 167,091 | |||
Ferguson PLC | 6,620 | 562,427 | |||
Geberit AG | 1,176 | 548,029 | |||
Givaudan SA | 467 | 1,153,635 | |||
Glencore PLC (c) | 105,085 | 454,549 | |||
Julius Baer Group, Ltd. (c) | 2,128 | 106,988 | |||
Kuehne + Nagel International AG | 8,157 | 1,298,540 | |||
LafargeHolcim, Ltd. (c)(e) | 1,494 | 74,103 | |||
LafargeHolcim, Ltd. (c)(e) | 1,776 | 87,711 | |||
Nestle SA | 86,496 | 7,245,191 | |||
Novartis AG | 27,489 | 2,375,176 | |||
Partners Group Holding AG | 1,216 | 969,140 | |||
Roche Holding AG | 26,366 | 6,417,400 | |||
Schindler Holding AG (e) | 1,306 | 327,035 | |||
Schindler Holding AG (e) | 1,036 | 251,151 | |||
SGS SA | 168 | 444,423 | |||
Sika AG | 5,481 | 801,838 | |||
Sonova Holding AG | 3,295 | 658,798 | |||
Straumann Holding AG | 173 | 130,706 | |||
Swatch Group AG | 159 | 63,532 | |||
Swiss Life Holding AG (c) | 1,029 | 391,880 | |||
Swiss Prime Site AG (c) | 6,412 | 549,103 | |||
Swiss Re AG | 15,526 | 1,440,065 | |||
Swisscom AG | 2,707 | 1,234,334 | |||
UBS Group AG (c) | 32,711 | 519,063 | |||
Vifor Pharma AG | 156 | 27,174 | |||
Zurich Insurance Group AG | 3,370 | 1,070,203 | |||
32,653,417 | |||||
UNITED KINGDOM — 17.5% | |||||
3i Group PLC | 32,836 | 403,020 | |||
Admiral Group PLC | 14,287 | 387,524 | |||
Anglo American PLC | 8,410 | 188,962 | |||
Ashtead Group PLC | 13,868 | 440,721 | |||
Associated British Foods PLC | 8,852 | 264,345 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
AstraZeneca PLC | 44,809 | $ 3,484,369 | |||
Aviva PLC | 31,239 | 199,409 | |||
Babcock International Group PLC | 8,040 | 75,803 | |||
BAE Systems PLC | 168,752 | 1,385,944 | |||
Barclays PLC | 249,622 | 559,177 | |||
Barratt Developments PLC | 28,063 | 207,497 | |||
Berkeley Group Holdings PLC | 4,779 | 229,277 | |||
BP PLC | 131,588 | 1,011,223 | |||
British American Tobacco PLC | 16,902 | 790,061 | |||
British Land Co. PLC REIT | 6,717 | 54,027 | |||
BT Group PLC | 335,458 | 985,584 | |||
Bunzl PLC | 10,570 | 332,603 | |||
Burberry Group PLC | 12,920 | 339,494 | |||
Carnival PLC | 6,006 | 373,122 | |||
Centrica PLC | 107,754 | 217,660 | |||
CNH Industrial NV | 6,955 | 83,610 | |||
Compass Group PLC | 95,772 | 2,130,648 | |||
Croda International PLC | 4,145 | 281,183 | |||
DCC PLC | 491 | 44,596 | |||
Diageo PLC | 95,496 | 3,386,012 | |||
Direct Line Insurance Group PLC | 92,899 | 392,388 | |||
easyJet PLC | 1,031 | 17,666 | |||
Experian PLC | 26,278 | 675,247 | |||
Fiat Chrysler Automobiles NV (c) | 18,346 | 322,702 | |||
G4S PLC | 10,448 | 32,972 | |||
GlaxoSmithKline PLC | 58,894 | 1,180,273 | |||
Hammerson PLC REIT | 4,936 | 29,397 | |||
Hargreaves Lansdown PLC | 9,086 | 264,816 | |||
HSBC Holdings PLC | 235,697 | 2,058,701 | |||
Imperial Brands PLC | 33,174 | 1,155,489 | |||
InterContinental Hotels Group PLC | 354 | 22,066 | |||
International Consolidated Airlines Group SA | 6,229 | 53,553 | |||
Intertek Group PLC | 4,620 | 300,753 | |||
ITV PLC | 118,570 | 244,070 | |||
J Sainsbury PLC | 27,147 | 113,921 | |||
Johnson Matthey PLC | 5,792 | 269,040 | |||
Kingfisher PLC | 90,182 | 303,413 | |||
Land Securities Group PLC REIT | 5,894 | 67,899 | |||
Legal & General Group PLC | 172,317 | 589,189 | |||
Lloyds Banking Group PLC | 507,425 | 392,194 | |||
London Stock Exchange Group PLC | 7,257 | 433,996 | |||
Marks & Spencer Group PLC | 55,116 | 207,572 | |||
Meggitt PLC | 5,967 | 44,073 | |||
Melrose Industries PLC | 22,716 | 59,216 | |||
Mondi PLC | 10,040 | 275,470 | |||
National Grid PLC | 95,889 | 989,598 | |||
Next PLC | 4,123 | 295,390 | |||
Pearson PLC | 10,497 | 121,829 | |||
Persimmon PLC | 10,572 | 326,049 | |||
Prudential PLC | 13,440 | 308,378 | |||
Randgold Resources, Ltd. | 3,357 | 238,584 | |||
Reckitt Benckiser Group PLC | 18,912 | 1,730,299 | |||
RELX PLC (e) | 70,591 | 1,487,595 | |||
RELX PLC (e) | 26,321 | 553,197 | |||
Rio Tinto PLC | 34,188 | 1,729,815 | |||
Rio Tinto, Ltd. | 10,878 | 619,903 | |||
Rolls-Royce Holdings PLC (c) | 10,062 | 129,560 |
Security Description | Shares | Value | |||
Royal Bank of Scotland Group PLC | 29,709 | $ 96,855 | |||
Royal Mail PLC | 65,781 | 409,264 | |||
RSA Insurance Group PLC | 6,273 | 47,037 | |||
Sage Group PLC | 33,382 | 255,270 | |||
Schroders PLC | 3,408 | 137,548 | |||
Segro PLC REIT | 3,754 | 31,223 | |||
Severn Trent PLC | 3,094 | 74,602 | |||
Shire PLC | 2,861 | 172,498 | |||
Sky PLC | 19,466 | 438,900 | |||
Smith & Nephew PLC | 52,216 | 952,951 | |||
Smiths Group PLC | 10,515 | 205,064 | |||
SSE PLC | 53,706 | 802,604 | |||
Standard Chartered PLC | 28,851 | 239,434 | |||
Standard Life Aberdeen PLC | 17,746 | 70,790 | |||
Taylor Wimpey PLC | 100,371 | 224,867 | |||
Tesco PLC | 81,839 | 255,920 | |||
Travis Perkins PLC | 7,058 | 98,068 | |||
Unilever NV | 44,989 | 2,506,397 | |||
Unilever PLC | 33,202 | 1,825,404 | |||
United Utilities Group PLC | 8,759 | 80,412 | |||
Vodafone Group PLC | 417,333 | 895,247 | |||
Weir Group PLC | 890 | 20,461 | |||
Whitbread PLC | 5,294 | 325,645 | |||
Wm Morrison Supermarkets PLC | 24,703 | 83,563 | |||
WPP PLC | 31,672 | 464,439 | |||
46,606,607 | |||||
TOTAL COMMON STOCKS (Cost $256,312,254) | 264,178,573 |
SHORT-TERM INVESTMENTS — 1.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (f) (g) | 43,852 | 43,852 | |
State Street Navigator Securities Lending Government Money Market Portfolio (f) (h) | 2,930,232 | 2,930,232 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $2,974,084) | 2,974,084 | ||
TOTAL INVESTMENTS — 100.5% (Cost $259,286,338) | 267,152,657 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.5)% | (1,211,798) | ||
NET ASSETS — 100.0% | $ 265,940,859 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Amount is less than 0.05% of net assets. |
(c) | Non-income producing security. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(f) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(h) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 14,160,940 | $— | $— | $ 14,160,940 | ||||
Austria | 101,731 | — | — | 101,731 | ||||
Belgium | 2,952,333 | — | — | 2,952,333 | ||||
China | 225,989 | — | — | 225,989 | ||||
Denmark | 10,549,432 | — | — | 10,549,432 | ||||
Finland | 3,575,952 | — | — | 3,575,952 | ||||
France | 21,924,122 | — | — | 21,924,122 | ||||
Germany | 21,149,178 | — | — | 21,149,178 | ||||
Hong Kong | 14,857,041 | — | — | 14,857,041 | ||||
Ireland | 2,091,454 | — | — | 2,091,454 | ||||
Israel | 2,456,065 | — | — | 2,456,065 | ||||
Italy | 2,720,101 | — | — | 2,720,101 | ||||
Japan | 62,931,913 | — | — | 62,931,913 | ||||
Luxembourg | 716,183 | — | — | 716,183 | ||||
Netherlands | 6,488,484 | — | — | 6,488,484 | ||||
New Zealand | 819,643 | — | — | 819,643 | ||||
Norway | 695,465 | — | — | 695,465 | ||||
Portugal | 211,048 | — | — | 211,048 | ||||
Singapore | 4,870,878 | — | — | 4,870,878 | ||||
South Africa | 40,165 | — | — | 40,165 | ||||
Spain | 5,130,816 | — | — | 5,130,816 | ||||
Sweden | 6,249,616 | — | — | 6,249,616 | ||||
Switzerland | 32,653,417 | — | — | 32,653,417 | ||||
United Kingdom | 46,606,607 | — | — | 46,606,607 | ||||
Short-Term Investments | 2,974,084 | — | — | 2,974,084 | ||||
TOTAL INVESTMENTS | $267,152,657 | $— | $— | $267,152,657 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 152,020 | $152,020 | $ 8,516,214 | $ 8,624,382 | $— | $— | 43,852 | $ 43,852 | $ 3,037 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 666,545 | 666,545 | 54,155,248 | 51,891,561 | — | — | 2,930,232 | 2,930,232 | 49,959 | — | |||||||||
Total | $818,565 | $62,671,462 | $60,515,943 | $— | $— | $2,974,084 | $52,996 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.4% | |||||
BRAZIL — 6.0% | |||||
Ambev SA | 37,724 | $ 173,244 | |||
B3 SA - Brasil Bolsa Balcao | 16,648 | 97,548 | |||
Banco Bradesco SA Preference Shares | 32,850 | 235,833 | |||
Banco Bradesco SA | 6,294 | 40,583 | |||
Banco do Brasil SA | 196 | 1,445 | |||
BB Seguridade Participacoes SA | 6,035 | 36,420 | |||
Braskem SA Class A, Preference Shares | 1,836 | 26,867 | |||
CCR SA | 255 | 540 | |||
Cia Siderurgica Nacional SA (a) | 10,683 | 24,985 | |||
Cosan SA | 2,718 | 22,058 | |||
Embraer SA | 10,053 | 49,918 | |||
Equatorial Energia SA | 3,018 | 43,424 | |||
Fibria Celulose SA | 1,392 | 26,323 | |||
Gerdau SA Preference Shares | 5,438 | 23,408 | |||
Itau Unibanco Holding SA Preference Shares | 23,126 | 255,550 | |||
Itausa - Investimentos Itau SA Preference Shares | 35,969 | 90,968 | |||
Itausa - Investimentos Itau SA | 3 | 8 | |||
JBS SA | 10,379 | 24,378 | |||
Localiza Rent a Car SA | 4,288 | 24,427 | |||
Lojas Americanas SA Preference Shares | 8,331 | 33,107 | |||
Lojas Renner SA | 8,259 | 64,111 | |||
Magazine Luiza SA | 889 | 27,267 | |||
Rumo SA (a) | 7,578 | 28,425 | |||
Suzano Papel e Celulose SA | 2,322 | 27,956 | |||
Telefonica Brasil SA Preference Shares | 5,027 | 49,344 | |||
Vale SA | 25,549 | 382,702 | |||
WEG SA | 11,763 | 58,174 | |||
1,869,013 | |||||
CHILE — 1.2% | |||||
Banco Santander Chile | 1,173,700 | 93,651 | |||
Cencosud SA | 16,461 | 39,026 | |||
Empresas CMPC SA | 27,845 | 112,072 | |||
Enel Americas SA | 301,251 | 46,275 | |||
SACI Falabella | 9,904 | 80,391 | |||
371,415 | |||||
CHINA — 30.7% | |||||
3SBio, Inc. (b) | 10,000 | 16,818 | |||
58.com, Inc. ADR (a) | 1,119 | 82,358 | |||
AAC Technologies Holdings, Inc. | 4,500 | 46,755 | |||
Agricultural Bank of China, Ltd. Class H | 123,000 | 60,361 | |||
Alibaba Group Holding, Ltd. ADR (a) | 8,024 | 1,322,034 | |||
Anhui Conch Cement Co., Ltd. Class H | 20,000 | 120,768 | |||
ANTA Sports Products, Ltd. | 7,000 | 33,591 | |||
Autohome, Inc. ADR (c) | 201 | 15,559 | |||
Baidu, Inc. ADR (a) | 2,014 | 460,562 | |||
Bank of China, Ltd. Class H | 532,000 | 236,599 |
Security Description | Shares | Value | |||
Bank of Communications Co., Ltd. Class H | 71,000 | $ 53,262 | |||
Beijing Enterprises Holdings, Ltd. | 10,000 | 56,103 | |||
Beijing Enterprises Water Group, Ltd. (a) | 80,000 | 42,633 | |||
Brilliance China Automotive Holdings, Ltd. | 20,000 | 32,358 | |||
BYD Co., Ltd. Class H (c) | 10,000 | 71,822 | |||
CGN Power Co., Ltd. Class H (b) | 173,000 | 41,123 | |||
China Cinda Asset Management Co., Ltd. Class H | 143,000 | 36,184 | |||
China CITIC Bank Corp., Ltd. Class H | 81,000 | 51,861 | |||
China Communications Construction Co., Ltd. Class H | 50,000 | 51,119 | |||
China Conch Venture Holdings, Ltd. | 25,000 | 87,222 | |||
China Construction Bank Corp. Class H | 624,000 | 545,459 | |||
China Everbright International, Ltd. (c) | 43,851 | 37,883 | |||
China Evergrande Group | 17,000 | 47,687 | |||
China Life Insurance Co., Ltd. Class H | 50,000 | 113,612 | |||
China Longyuan Power Group Corp., Ltd. Class H | 61,000 | 51,295 | |||
China Mengniu Dairy Co., Ltd. (a) | 30,000 | 99,873 | |||
China Merchants Bank Co., Ltd. Class H | 20,000 | 81,279 | |||
China Merchants Port Holdings Co., Ltd. | 20,981 | 40,166 | |||
China Minsheng Banking Corp., Ltd. Class H (c) | 54,800 | 40,689 | |||
China Mobile, Ltd. | 45,500 | 448,610 | |||
China National Building Material Co., Ltd. Class H | 24,000 | 21,317 | |||
China Oilfield Services, Ltd. Class H | 26,000 | 28,210 | |||
China Overseas Land & Investment, Ltd. | 20,000 | 62,621 | |||
China Pacific Insurance Group Co., Ltd. Class H | 14,200 | 54,805 | |||
China Railway Group, Ltd. Class H | 71,000 | 70,411 | |||
China Resources Beer Holdings Co., Ltd. | 20,000 | 80,384 | |||
China Resources Gas Group, Ltd. | 20,000 | 81,407 | |||
China Resources Land, Ltd. | 20,000 | 70,033 | |||
China Taiping Insurance Holdings Co., Ltd. | 24,600 | 86,298 | |||
China Telecom Corp., Ltd. Class H | 100,000 | 49,713 | |||
China Unicom Hong Kong, Ltd. | 40,000 | 47,132 | |||
China Vanke Co., Ltd. Class H | 20,400 | 67,523 | |||
CITIC Securities Co., Ltd. Class H | 25,000 | 44,473 | |||
CITIC, Ltd. | 30,000 | 44,703 | |||
Country Garden Holdings Co., Ltd. | 47,000 | 59,284 | |||
CRRC Corp., Ltd. Class H | 50,000 | 45,687 | |||
CSPC Pharmaceutical Group, Ltd. | 40,000 | 84,960 | |||
Ctrip.com International, Ltd. ADR (a) | 2,828 | 105,117 | |||
ENN Energy Holdings, Ltd. | 3,800 | 33,023 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Fosun International, Ltd. | 35,500 | $ 62,608 | |||
Future Land Development Holdings, Ltd. | 22,000 | 14,254 | |||
GDS Holdings, Ltd. ADR (a)(c) | 252 | 8,853 | |||
Geely Automobile Holdings, Ltd. | 50,000 | 99,682 | |||
Genscript Biotech Corp. (a) | 4,000 | 6,758 | |||
Great Wall Motor Co., Ltd. Class H (c) | 45,500 | 29,016 | |||
Guangdong Investment, Ltd. | 40,000 | 71,055 | |||
Hengan International Group Co., Ltd. | 5,000 | 46,135 | |||
Huaneng Power International, Inc. Class H | 80,000 | 52,652 | |||
Huatai Securities Co., Ltd. Class H (a)(b) | 24,600 | 35,274 | |||
Huazhu Group, Ltd. ADR (c) | 692 | 22,352 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 499,000 | 364,769 | |||
JD.com, Inc. ADR (a)(c) | 5,193 | 135,485 | |||
Lenovo Group, Ltd. | 80,000 | 58,480 | |||
MMG, Ltd. (a) | 28,000 | 14,492 | |||
Momo, Inc. ADR (a) | 756 | 33,113 | |||
NetEase, Inc. ADR | 571 | 130,331 | |||
New China Life Insurance Co., Ltd. Class H | 11,300 | 54,226 | |||
New Oriental Education & Technology Group, Inc. ADR (a) | 1,078 | 79,783 | |||
PICC Property & Casualty Co., Ltd. Class H | 60,000 | 70,851 | |||
Ping An Insurance Group Co. of China, Ltd. Class H | 30,500 | 309,876 | |||
Semiconductor Manufacturing International Corp. (a)(c) | 40,700 | 43,899 | |||
Shenzhou International Group Holdings, Ltd. | 10,000 | 128,308 | |||
SINA Corp. (a) | 252 | 17,509 | |||
Sinopharm Group Co., Ltd. Class H | 12,000 | 58,736 | |||
Sunac China Holdings, Ltd. | 16,000 | 49,279 | |||
Sunny Optical Technology Group Co., Ltd. | 4,100 | 47,314 | |||
TAL Education Group ADR (a) | 4,215 | 108,368 | |||
Tencent Holdings, Ltd. | 40,200 | 1,660,422 | |||
Vipshop Holdings, Ltd. ADR (a) | 3,552 | 22,164 | |||
Want Want China Holdings, Ltd. | 81,000 | 68,217 | |||
Weibo Corp. ADR (a)(c) | 194 | 14,187 | |||
Wuxi Biologics Cayman, Inc. (a)(b) | 3,000 | 30,345 | |||
Yum China Holdings, Inc. | 1,434 | 50,348 | |||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 10,100 | 57,697 | |||
ZTE Corp. Class H (a) | 4,400 | 8,063 | |||
9,627,647 | |||||
COLOMBIA — 0.5% | |||||
Bancolombia SA Preference Shares | 8,649 | 91,168 | |||
Grupo Argos SA | 9,389 | 51,539 | |||
Grupo de Inversiones Suramericana SA Preference Shares | 10 | 115 |
Security Description | Shares | Value | |||
Grupo de Inversiones Suramericana SA | 952 | $ 11,144 | |||
153,966 | |||||
EGYPT — 0.1% | |||||
Commercial International Bank Egypt SAE | 8,852 | 41,113 | |||
GREECE — 0.1% | |||||
Alpha Bank AE (a) | 12,949 | 18,635 | |||
Eurobank Ergasias SA (a) | 27,603 | 20,808 | |||
Piraeus Bank SA (a) | 3,372 | 7,363 | |||
46,806 | |||||
HONG KONG — 0.5% | |||||
China Gas Holdings, Ltd. | 10,000 | 28,307 | |||
Shimao Property Holdings, Ltd. | 6,500 | 16,215 | |||
Sino Biopharmaceutical, Ltd. | 123,500 | 115,216 | |||
159,738 | |||||
HUNGARY — 0.3% | |||||
OTP Bank Nyrt | 2,228 | 82,568 | |||
INDIA — 7.9% | |||||
Adani Ports & Special Economic Zone, Ltd. | 4,611 | 20,921 | |||
Ambuja Cements, Ltd. | 4,011 | 12,369 | |||
Ashok Leyland, Ltd. | 7,841 | 12,883 | |||
Asian Paints, Ltd. | 1,831 | 32,667 | |||
Aurobindo Pharma, Ltd. | 5,011 | 51,461 | |||
Axis Bank, Ltd. (a) | 12,505 | 105,790 | |||
Bajaj Auto, Ltd. | 558 | 20,687 | |||
Bajaj Finance, Ltd. | 1,101 | 32,928 | |||
Bajaj Finserv, Ltd. | 255 | 21,128 | |||
Bharat Forge, Ltd. | 1,403 | 11,634 | |||
Bharat Heavy Electricals, Ltd. | 7,392 | 6,985 | |||
Bharat Petroleum Corp., Ltd. | 4,829 | 24,924 | |||
Bharti Airtel, Ltd. | 9,869 | 46,091 | |||
Bharti Infratel, Ltd. | 2,241 | 8,129 | |||
Bosch, Ltd. | 49 | 13,475 | |||
Britannia Industries, Ltd. | 194 | 15,585 | |||
Cadila Healthcare, Ltd. | 1,380 | 7,347 | |||
Cipla, Ltd. | 2,304 | 20,788 | |||
Container Corp. Of India, Ltd. | 738 | 6,388 | |||
Dabur India, Ltd. | 3,540 | 20,847 | |||
Dr Reddy's Laboratories, Ltd. | 761 | 26,567 | |||
Eicher Motors, Ltd. | 85 | 28,359 | |||
Glenmark Pharmaceuticals, Ltd. | 1,166 | 10,168 | |||
Godrej Consumer Products, Ltd. | 2,275 | 24,128 | |||
Grasim Industries, Ltd. | 2,091 | 29,466 | |||
Havells India, Ltd. | 1,683 | 13,803 | |||
HCL Technologies, Ltd. | 3,938 | 59,094 | |||
Hero MotoCorp, Ltd. | 334 | 13,515 | |||
Hindalco Industries, Ltd. | 7,768 | 24,609 | |||
Hindustan Unilever, Ltd. | 4,524 | 100,378 | |||
Housing Development Finance Corp., Ltd. | 10,450 | 252,925 | |||
ICICI Bank, Ltd. | 16,667 | 70,252 | |||
Indiabulls Housing Finance, Ltd. | 2,033 | 24,031 | |||
Infosys, Ltd. | 19,168 | 193,042 | |||
ITC, Ltd. | 23,781 | 97,680 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
JSW Steel, Ltd. | 5,382 | $ 28,335 | |||
Larsen & Toubro, Ltd. | 3,346 | 58,718 | |||
LIC Housing Finance, Ltd. | 5,899 | 33,967 | |||
Lupin, Ltd. | 1,482 | 18,419 | |||
Mahindra & Mahindra Financial Services, Ltd. | 1,958 | 10,810 | |||
Mahindra & Mahindra, Ltd. | 5,238 | 62,211 | |||
Marico, Ltd. | 3,043 | 13,981 | |||
Maruti Suzuki India, Ltd. | 738 | 74,807 | |||
Motherson Sumi Systems, Ltd. | 4,202 | 14,886 | |||
Nestle India, Ltd. | 154 | 20,606 | |||
Petronet LNG, Ltd. | 4,040 | 12,526 | |||
Piramal Enterprises, Ltd. | 539 | 17,097 | |||
Rural Electrification Corp., Ltd. | 4,654 | 6,285 | |||
Shree Cement, Ltd. | 56 | 13,050 | |||
Shriram Transport Finance Co., Ltd. | 982 | 15,592 | |||
Siemens, Ltd. | 479 | 6,245 | |||
State Bank of India (a) | 12,289 | 45,009 | |||
Sun Pharmaceutical Industries, Ltd. | 6,795 | 58,422 | |||
Tata Consultancy Services, Ltd. | 7,530 | 226,835 | |||
Tata Motors, Ltd. (a) | 6,356 | 19,614 | |||
Tata Steel, Ltd. | 2,339 | 18,755 | |||
Tech Mahindra, Ltd. | 2,981 | 30,657 | |||
Titan Co., Ltd. | 1,976 | 21,960 | |||
UltraTech Cement, Ltd. | 558 | 31,252 | |||
United Spirits, Ltd. (a) | 1,945 | 13,799 | |||
UPL, Ltd. | 4,671 | 42,805 | |||
Vodafone Idea, Ltd. (a) | 13,205 | 7,022 | |||
Wipro, Ltd. | 7,193 | 32,150 | |||
Yes Bank, Ltd. | 11,976 | 30,341 | |||
Zee Entertainment Enterprises, Ltd. | 3,360 | 20,330 | |||
2,467,530 | |||||
INDONESIA — 2.0% | |||||
Astra International Tbk PT | 160,800 | 79,313 | |||
Bank Central Asia Tbk PT | 95,500 | 154,771 | |||
Bank Mandiri Persero Tbk PT | 150,700 | 68,010 | |||
Bank Negara Indonesia Persero Tbk PT | 120,900 | 60,038 | |||
Bank Rakyat Indonesia Persero Tbk PT | 452,600 | 95,674 | |||
Kalbe Farma Tbk PT | 377,600 | 34,969 | |||
Telekomunikasi Indonesia Persero Tbk PT | 406,000 | 99,174 | |||
Unilever Indonesia Tbk PT | 15,300 | 48,283 | |||
640,232 | |||||
MALAYSIA — 2.5% | |||||
CIMB Group Holdings Bhd | 46,525 | 67,564 | |||
DiGi.Com Bhd | 42,200 | 49,149 | |||
Genting Bhd | 27,400 | 51,708 | |||
Genting Malaysia Bhd | 45,100 | 54,379 | |||
IHH Healthcare Bhd | 33,700 | 42,425 | |||
IOI Corp. Bhd | 47,400 | 51,999 | |||
Malayan Banking Bhd | 24,631 | 58,267 | |||
Maxis Bhd | 35,700 | 50,378 | |||
Petronas Chemicals Group Bhd | 31,500 | 71,243 | |||
Petronas Gas Bhd | 10,100 | 46,125 | |||
Public Bank Bhd | 17,300 | 104,507 |
Security Description | Shares | Value | |||
Sime Darby Bhd | 28,855 | $ 18,198 | |||
Sime Darby Plantation Bhd | 15,700 | 20,106 | |||
Tenaga Nasional Bhd | 25,400 | 94,886 | |||
780,934 | |||||
MEXICO — 3.4% | |||||
America Movil SAB de CV Series L | 232,476 | 186,983 | |||
Arca Continental SAB de CV | 2,870 | 18,553 | |||
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand Class B | 12,302 | 19,171 | |||
Coca-Cola Femsa SAB de CV Series L | 3,310 | 20,226 | |||
El Puerto de Liverpool SAB de CV Series C1 | 5,081 | 38,161 | |||
Fomento Economico Mexicano SAB de CV | 16,392 | 162,331 | |||
Gruma SAB de CV Class B | 1,434 | 18,347 | |||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 5,781 | 63,247 | |||
Grupo Aeroportuario del Sureste SAB de CV Class B | 1,000 | 20,462 | |||
Grupo Bimbo SAB de CV Class A | 11,083 | 23,655 | |||
Grupo Carso SAB de CV Series A1 | 8,992 | 29,848 | |||
Grupo Financiero Banorte SAB de CV Series O | 16,102 | 116,507 | |||
Grupo Financiero Inbursa SAB de CV Series O | 29,022 | 45,568 | |||
Grupo Mexico SAB de CV Class B | 25,745 | 74,278 | |||
Industrias Penoles SAB de CV | 2,183 | 37,634 | |||
Infraestructura Energetica Nova SAB de CV | 1,434 | 7,131 | |||
Kimberly-Clark de Mexico SAB de CV Class A (a) | 10,228 | 18,214 | |||
Mexichem SAB de CV | 12,327 | 42,428 | |||
Promotora y Operadora de Infraestructura SAB de CV | 1,535 | 16,343 | |||
Wal-Mart de Mexico SAB de CV | 31,419 | 95,823 | |||
1,054,910 | |||||
PERU — 0.4% | |||||
Cia de Minas Buenaventura SAA ADR | 2,201 | 29,515 | |||
Credicorp, Ltd. | 434 | 96,817 | |||
126,332 | |||||
PHILIPPINES — 1.1% | |||||
Aboitiz Equity Ventures, Inc. | 32,290 | 29,284 | |||
Ayala Corp. | 2,940 | 50,496 | |||
Ayala Land, Inc. | 67,200 | 49,812 | |||
BDO Unibank, Inc. | 24,225 | 53,714 | |||
SM Investments Corp. | 3,670 | 61,405 | |||
SM Prime Holdings, Inc. | 93,500 | 62,558 | |||
Universal Robina Corp. | 13,900 | 37,175 | |||
344,444 | |||||
POLAND — 1.0% | |||||
Bank Polska Kasa Opieki SA | 1,750 | 50,419 | |||
KGHM Polska Miedz SA (a) | 3,633 | 87,817 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 8,582 | $ 99,880 | |||
Powszechny Zaklad Ubezpieczen SA | 7,780 | 83,792 | |||
321,908 | |||||
QATAR — 0.9% | |||||
Barwa Real Estate Co. | 3,626 | 35,229 | |||
Commercial Bank PQSC | 2,772 | 30,753 | |||
Ezdan Holding Group QSC (a) | 8,972 | 26,117 | |||
Industries Qatar QSC | 1,700 | 58,215 | |||
Masraf Al Rayan QSC | 5,227 | 53,827 | |||
Qatar National Bank QPSC | 1,627 | 79,083 | |||
283,224 | |||||
ROMANIA — 0.1% | |||||
NEPI Rockcastle PLC | 2,697 | 24,498 | |||
RUSSIA — 1.2% | |||||
Mobile TeleSystems PJSC ADR | 13,340 | 113,790 | |||
Sberbank of Russia PJSC ADR | 21,641 | 274,408 | |||
388,198 | |||||
SOUTH AFRICA — 6.4% | |||||
Absa Group, Ltd. | 4,844 | 51,989 | |||
Aspen Pharmacare Holdings, Ltd. | 2,627 | 31,443 | |||
Bid Corp., Ltd. (c) | 2,869 | 59,792 | |||
Bidvest Group, Ltd. | 4,356 | 56,946 | |||
Discovery, Ltd. | 6,511 | 78,217 | |||
FirstRand, Ltd. | 22,975 | 110,189 | |||
Gold Fields, Ltd. | 9,041 | 21,741 | |||
Growthpoint Properties, Ltd. REIT | 29,965 | 49,189 | |||
Life Healthcare Group Holdings, Ltd. | 22,638 | 39,289 | |||
MTN Group, Ltd. | 12,307 | 76,166 | |||
Naspers, Ltd. Class N | 3,100 | 668,498 | |||
Nedbank Group, Ltd. (c) | 3,338 | 62,421 | |||
Old Mutual, Ltd. | 11,328 | 24,247 | |||
Redefine Properties, Ltd. REIT | 69,091 | 48,921 | |||
Remgro, Ltd. (c) | 3,685 | 51,364 | |||
Sanlam, Ltd. | 11,322 | 63,294 | |||
Sappi, Ltd. | 9,211 | 57,767 | |||
Sasol, Ltd. | 3,286 | 127,139 | |||
Shoprite Holdings, Ltd. | 3,816 | 51,680 | |||
SPAR Group, Ltd. | 3,695 | 48,078 | |||
Standard Bank Group, Ltd. | 8,959 | 110,791 | |||
Tiger Brands, Ltd. | 1,914 | 35,845 | |||
Vodacom Group, Ltd. | 4,854 | 43,195 | |||
Woolworths Holdings, Ltd. | 9,358 | 32,800 | |||
2,001,001 | |||||
SOUTH KOREA — 16.0% | |||||
Amorepacific Corp. | 274 | 64,471 | |||
AMOREPACIFIC Group | 367 | 30,869 | |||
Celltrion, Inc. (a) | 674 | 180,463 | |||
CJ CheilJedang Corp. | 163 | 49,007 | |||
Coway Co., Ltd. | 601 | 47,029 | |||
E-MART, Inc. | 347 | 64,911 | |||
GS Holdings Corp. | 1,106 | 54,939 | |||
Hana Financial Group, Inc. | 2,215 | 88,959 |
Security Description | Shares | Value | |||
Hankook Tire Co., Ltd. | 985 | $ 44,488 | |||
HLB, Inc. (a) | 120 | 12,993 | |||
Hyundai Engineering & Construction Co., Ltd. | 1,369 | 83,306 | |||
Hyundai Glovis Co., Ltd. | 327 | 38,323 | |||
Hyundai Mobis Co., Ltd. | 499 | 102,567 | |||
Hyundai Motor Co. | 1,006 | 117,446 | |||
Hyundai Motor Co. Preference Shares | 591 | 41,718 | |||
Hyundai Steel Co. | 1,157 | 58,932 | |||
Industrial Bank of Korea | 4,628 | 63,626 | |||
KB Financial Group, Inc. | 2,917 | 142,530 | |||
Kia Motors Corp. | 2,162 | 68,412 | |||
Korea Electric Power Corp. | 1,908 | 50,484 | |||
Korea Zinc Co., Ltd. | 133 | 52,277 | |||
KT&G Corp. | 915 | 85,788 | |||
LG Chem, Ltd. | 412 | 135,755 | |||
LG Corp. | 915 | 59,886 | |||
LG Electronics, Inc. | 1,147 | 73,416 | |||
LG Household & Health Care, Ltd. | 81 | 93,177 | |||
Lotte Chemical Corp. | 184 | 46,114 | |||
NAVER Corp. | 214 | 138,133 | |||
NCSoft Corp. | 204 | 81,379 | |||
POSCO | 571 | 151,598 | |||
Samsung Biologics Co., Ltd. (a)(b) | 28 | 13,479 | |||
Samsung C&T Corp. | 561 | 65,494 | |||
Samsung Electro-Mechanics Co., Ltd. | 56 | 7,017 | |||
Samsung Electronics Co., Ltd. Preference Shares | 4,972 | 169,655 | |||
Samsung Electronics Co., Ltd. | 32,412 | 1,357,257 | |||
Samsung Fire & Marine Insurance Co., Ltd. | 234 | 59,911 | |||
Samsung Life Insurance Co., Ltd. | 532 | 46,665 | |||
Samsung SDI Co., Ltd. | 621 | 144,718 | |||
Samsung SDS Co., Ltd. | 367 | 76,427 | |||
Shinhan Financial Group Co., Ltd. | 3,120 | 126,572 | |||
SillaJen, Inc. (a) | 252 | 23,263 | |||
SK Holdings Co., Ltd. | 357 | 92,368 | |||
SK Hynix, Inc. | 4,424 | 291,543 | |||
SK Telecom Co., Ltd. | 254 | 64,573 | |||
S-Oil Corp. | 702 | 86,702 | |||
Woori Bank | 4,927 | 75,065 | |||
5,023,705 | |||||
TAIWAN — 13.7% | |||||
ASE Technology Holding Co., Ltd. | 25,656 | 62,600 | |||
Asustek Computer, Inc. | 10,000 | 86,464 | |||
AU Optronics Corp. | 137,000 | 57,882 | |||
Catcher Technology Co., Ltd. | 3,000 | 33,013 | |||
Cathay Financial Holding Co., Ltd. | 49,000 | 84,253 | |||
Chailease Holding Co., Ltd. | 3,000 | 10,513 | |||
Chang Hwa Commercial Bank, Ltd. | 86,840 | 53,754 | |||
China Development Financial Holding Corp. | 204,000 | 76,167 | |||
China Life Insurance Co., Ltd. | 52,378 | 52,664 | |||
China Steel Corp. | 113,000 | 94,373 | |||
Chunghwa Telecom Co., Ltd. | 19,000 | 68,451 | |||
Compal Electronics, Inc. | 81,000 | 50,272 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
CTBC Financial Holding Co., Ltd. | 113,000 | $ 85,121 | |||
E.Sun Financial Holding Co., Ltd. | 107,422 | 79,336 | |||
Far Eastern New Century Corp. | 21,000 | 24,554 | |||
Far EasTone Telecommunications Co., Ltd. | 20,000 | 47,686 | |||
First Financial Holding Co., Ltd. | 82,820 | 56,419 | |||
Formosa Chemicals & Fibre Corp. | 20,000 | 83,844 | |||
Formosa Petrochemical Corp. | 20,000 | 96,944 | |||
Formosa Plastics Corp. | 30,000 | 114,958 | |||
Foxconn Technology Co., Ltd. | 20,000 | 48,800 | |||
Fubon Financial Holding Co., Ltd. | 49,000 | 83,130 | |||
Hon Hai Precision Industry Co., Ltd. | 113,000 | 293,112 | |||
Hua Nan Financial Holdings Co., Ltd. | 87,257 | 52,869 | |||
Lite-On Technology Corp. | 40,000 | 50,306 | |||
MediaTek, Inc. | 9,000 | 72,659 | |||
Mega Financial Holding Co., Ltd. | 71,000 | 63,947 | |||
Nan Ya Plastics Corp. | 40,000 | 111,093 | |||
Pegatron Corp. | 20,000 | 40,022 | |||
President Chain Store Corp. | 10,000 | 117,414 | |||
Quanta Computer, Inc. | 18,000 | 31,363 | |||
SinoPac Financial Holdings Co., Ltd. | 143,794 | 52,511 | |||
Taishin Financial Holding Co., Ltd. | 122,194 | 59,030 | |||
Taiwan Cement Corp. | 45,200 | 60,843 | |||
Taiwan Cooperative Financial Holding Co., Ltd. | 93,369 | 56,878 | |||
Taiwan Mobile Co., Ltd. | 10,000 | 35,863 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 166,000 | 1,427,144 | |||
Uni-President Enterprises Corp. | 40,000 | 104,412 | |||
United Microelectronics Corp. | 143,000 | 75,638 | |||
Walsin Technology Corp. | 2,000 | 13,952 | |||
Win Semiconductors Corp. | 1,000 | 4,405 | |||
Yageo Corp. | 2,000 | 30,066 | |||
Yuanta Financial Holding Co., Ltd. | 143,000 | 75,404 | |||
4,280,129 | |||||
THAILAND — 2.2% | |||||
Advanced Info Service PCL NVDR | 13,300 | 82,662 | |||
Airports of Thailand PCL NVDR | 44,000 | 89,116 | |||
Bangkok Dusit Medical Services PCL NVDR | 82,400 | 64,972 | |||
CP ALL PCL NVDR | 41,800 | 89,184 | |||
Kasikornbank PCL | 14,300 | 96,394 | |||
Minor International PCL NVDR | 45,100 | 57,177 | |||
PTT Global Chemical PCL NVDR | 30,500 | 76,627 | |||
Siam Cement PCL | 4,000 | 58,132 | |||
Siam Commercial Bank PCL NVDR | 15,300 | 70,492 | |||
684,756 | |||||
TURKEY — 0.6% | |||||
BIM Birlesik Magazalar A/S | 3,141 | 42,535 | |||
Eregli Demir ve Celik Fabrikalari TAS | 9,504 | 17,450 |
Security Description | Shares | Value | |||
Petkim Petrokimya Holding A/S | 30,328 | $ 27,010 | |||
Turk Hava Yollari AO (a) | 8,321 | 26,442 | |||
Turkcell Iletisim Hizmetleri A/S | 15,949 | 30,638 | |||
Turkiye Halk Bankasi A/S | 12,667 | 14,107 | |||
Turkiye Is Bankasi A/S Class C | 35,034 | 25,777 | |||
183,959 | |||||
UNITED ARAB EMIRATES — 0.6% | |||||
Abu Dhabi Commercial Bank PJSC | 30,325 | 65,471 | |||
Aldar Properties PJSC | 71,848 | 35,796 | |||
DP World, Ltd. | 2,714 | 51,838 | |||
Emirates Telecommunications Group Co. PJSC | 10,267 | 46,680 | |||
199,785 | |||||
TOTAL COMMON STOCKS (Cost $30,758,144) | 31,157,811 |
SHORT-TERM INVESTMENTS — 0.4% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (d) (e) | 6,688 | 6,688 | |
State Street Navigator Securities Lending Government Money Market Portfolio (d) (f) | 137,367 | 137,367 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $144,055) | 144,055 | ||
TOTAL INVESTMENTS — 99.8% (Cost $30,902,199) | 31,301,866 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.2% | 55,977 | ||
NET ASSETS — 100.0% | $ 31,357,843 |
(a) | Non-income producing security. |
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(e) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(f) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 1,869,013 | $— | $— | $ 1,869,013 | ||||
Chile | 371,415 | — | — | 371,415 | ||||
China | 9,627,647 | — | — | 9,627,647 | ||||
Colombia | 153,966 | — | — | 153,966 | ||||
Egypt | 41,113 | — | — | 41,113 | ||||
Greece | 46,806 | — | — | 46,806 | ||||
Hong Kong | 159,738 | — | — | 159,738 | ||||
Hungary | 82,568 | — | — | 82,568 | ||||
India | 2,467,530 | — | — | 2,467,530 | ||||
Indonesia | 640,232 | — | — | 640,232 | ||||
Malaysia | 780,934 | — | — | 780,934 | ||||
Mexico | 1,054,910 | — | — | 1,054,910 | ||||
Peru | 126,332 | — | — | 126,332 | ||||
Philippines | 344,444 | — | — | 344,444 | ||||
Poland | 321,908 | — | — | 321,908 | ||||
Qatar | 283,224 | — | — | 283,224 | ||||
Romania | 24,498 | — | — | 24,498 | ||||
Russia | 388,198 | — | — | 388,198 | ||||
South Africa | 2,001,001 | — | — | 2,001,001 | ||||
South Korea | 5,023,705 | — | — | 5,023,705 | ||||
Taiwan | 4,280,129 | — | — | 4,280,129 | ||||
Thailand | 684,756 | — | — | 684,756 | ||||
Turkey | 183,959 | — | — | 183,959 | ||||
United Arab Emirates | 199,785 | — | — | 199,785 | ||||
Short-Term Investments | 144,055 | — | — | 144,055 | ||||
TOTAL INVESTMENTS | $31,301,866 | $— | $— | $31,301,866 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 851,592 | $ 851,592 | $3,814,160 | $4,659,064 | $— | $— | 6,688 | $ 6,688 | $ 9,703 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 172,291 | 172,291 | 1,880,261 | 1,915,185 | — | — | 137,367 | 137,367 | 2,343 | — | |||||||||
Total | $1,023,883 | $5,694,421 | $6,574,249 | $— | $— | $144,055 | $12,046 | $— |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.4% | |||||
BRAZIL – 4.1% | |||||
Ambev SA ADR | 462,220 | $ 2,112,345 | |||
Other Securities | 1,597,753 | 8,694,249 | |||
10,806,594 | |||||
CHILE – 1.4% | |||||
Other Securities | 3,618,793 | 3,650,390 | |||
CHINA – 23.6% | |||||
AAC Technologies Holdings, Inc. | 115,500 | 1,200,034 | |||
Agricultural Bank of China, Ltd. Class H | 2,698,000 | 1,324,019 | |||
Alibaba Group Holding, Ltd. ADR (a) | 9,439 | 1,555,170 | |||
Baidu, Inc. ADR (a) | 5,410 | 1,237,159 | |||
Bank of China, Ltd. Class H | 5,469,071 | 2,432,282 | |||
China Construction Bank Corp. Class H | 3,577,394 | 3,127,117 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(b) | 1,072,393 | — | |||
China Mobile, Ltd. | 282,997 | 2,790,223 | |||
China Petroleum & Chemical Corp. Class H | 1,696,395 | 1,699,669 | |||
CSPC Pharmaceutical Group, Ltd. | 608,000 | 1,291,385 | |||
Geely Automobile Holdings, Ltd. | 665,000 | 1,325,768 | |||
Guangdong Investment, Ltd. | 704,000 | 1,250,572 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 3,192,448 | 2,333,679 | |||
Lenovo Group, Ltd. | 1,648,915 | 1,205,356 | |||
NetEase, Inc. ADR | 9,885 | 2,256,251 | |||
PetroChina Co., Ltd. Class H | 1,702,000 | 1,379,018 | |||
Shenzhou International Group Holdings, Ltd. | 127,000 | 1,629,516 | |||
Tencent Holdings, Ltd. | 129,378 | 5,343,834 | |||
Yum China Holdings, Inc. | 53,811 | 1,889,304 | |||
Other Securities | 25,251,909 | 27,795,184 | |||
63,065,540 | |||||
COLOMBIA – 0.4% | |||||
Other Securities | 232,785 | 947,699 | |||
CZECH REPUBLIC – 0.3% | |||||
Other Securities | 59,607 | 757,060 | |||
EGYPT – 0.4% | |||||
Other Securities | 394,743 | 1,073,135 | |||
GREECE – 0.3% | |||||
Other Securities | 265,359 | 889,736 | |||
HONG KONG – 0.9% | |||||
Hanergy Thin Film Power Group, Ltd. (a)(b) | 598,000 | — | |||
Other Securities | 3,344,525 | 2,431,421 | |||
2,431,421 | |||||
HUNGARY – 0.4% | |||||
Other Securities | 66,290 | 1,050,492 | |||
INDIA – 11.4% | |||||
HCL Technologies, Ltd. | 115,366 | 1,731,206 | |||
Hindustan Unilever, Ltd. | 97,815 | 2,170,308 |
Security Description | Shares | Value | |||
Infosys, Ltd. ADR | 307,578 | $ 3,128,068 | |||
Infosys, Ltd. | 188,446 | 1,897,848 | |||
ITC, Ltd. | 364,992 | 1,499,191 | |||
Tata Consultancy Services, Ltd. | 146,380 | 4,409,574 | |||
Other Securities | 2,036,622 | 15,652,975 | |||
30,489,170 | |||||
INDONESIA – 4.0% | |||||
Bank Central Asia Tbk PT | 1,798,925 | 2,915,414 | |||
Bank Rakyat Indonesia Persero Tbk PT | 6,016,800 | 1,271,880 | |||
Telekomunikasi Indonesia Persero Tbk PT | 7,680,075 | 1,876,017 | |||
Unilever Indonesia Tbk PT | 395,500 | 1,248,088 | |||
Other Securities | 13,576,569 | 3,358,163 | |||
10,669,562 | |||||
LUXEMBOURG – 0.1% | |||||
Other Security | 7,992 | 148,593 | |||
MALAYSIA – 3.8% | |||||
Malayan Banking Bhd | 512,999 | 1,213,546 | |||
Public Bank Bhd | 258,111 | 1,559,206 | |||
Other Securities | 4,575,916 | 7,413,746 | |||
10,186,498 | |||||
MEXICO – 2.3% | |||||
Wal-Mart de Mexico SAB de CV | 690,919 | 2,107,203 | |||
Other Securities | 1,481,944 | 3,913,717 | |||
6,020,920 | |||||
PAKISTAN – 0.1% | |||||
Other Securities | 152,055 | 282,862 | |||
PERU – 0.5% | |||||
Credicorp, Ltd. | 5,887 | 1,313,272 | |||
Other Securities | 2,324 | 53,403 | |||
1,366,675 | |||||
PHILIPPINES – 1.2% | |||||
Other Securities | 2,656,316 | 3,232,711 | |||
POLAND – 0.7% | |||||
Other Securities | 211,341 | 1,910,092 | |||
QATAR – 1.3% | |||||
Other Securities | 191,911 | 3,357,216 | |||
ROMANIA – 0.0% (c) | |||||
Other Security | 4,015 | 36,469 | |||
RUSSIA – 3.5% | |||||
Gazprom PJSC ADR | 324,411 | 1,622,055 | |||
Novatek PJSC GDR | 7,554 | 1,389,936 | |||
Tatneft PJSC ADR (d) | 21,987 | 1,682,006 | |||
Other Securities | 61,084,335 | 4,764,927 | |||
9,458,924 | |||||
SINGAPORE – 0.0% (c) | |||||
Other Security | 16,100 | 124,892 | |||
SOUTH AFRICA – 4.3% | |||||
FirstRand, Ltd. | 353,860 | 1,697,128 | |||
Other Securities | 1,625,378 | 9,738,094 | |||
11,435,222 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SOUTH KOREA – 14.9% | |||||
KT&G Corp. | 19,822 | $ 1,858,452 | |||
NAVER Corp. | 3,502 | 2,260,475 | |||
Samsung Electronics Co., Ltd. GDR (d) | 2,914 | 3,050,958 | |||
Samsung Electronics Co., Ltd. Preference Shares | 23,182 | 791,020 | |||
Samsung Electronics Co., Ltd. | 132,185 | 5,535,265 | |||
Samsung Electronics Co., Ltd. GDR (d) | 692 | 587,508 | |||
SK Hynix, Inc. | 75,190 | 4,955,050 | |||
Other Securities | 476,715 | 20,772,381 | |||
39,811,109 | |||||
TAIWAN – 13.8% | |||||
Chunghwa Telecom Co., Ltd. | 397,540 | 1,432,201 | |||
Hon Hai Precision Industry Co., Ltd. | 877,163 | 2,275,286 | |||
Largan Precision Co., Ltd. | 12,000 | 1,428,618 | |||
President Chain Store Corp. | 115,000 | 1,350,260 | |||
Taiwan Cooperative Financial Holding Co., Ltd. | 2,448,859 | 1,491,788 | |||
Taiwan Mobile Co., Ltd. | 444,542 | 1,594,254 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,019,495 | 8,764,859 | |||
Other Securities | 15,395,647 | 18,381,814 | |||
36,719,080 | |||||
THAILAND – 3.8% | |||||
Other Securities | 10,103,800 | 10,217,613 | |||
TURKEY – 0.6% | |||||
Other Securities | 844,578 | 1,626,190 | |||
UNITED ARAB EMIRATES – 1.3% | |||||
Emirates Telecommunications Group Co. PJSC | 262,874 | 1,195,191 | |||
Other Securities | 1,124,061 | 2,231,588 | |||
3,426,779 | |||||
TOTAL COMMON STOCKS (Cost $251,959,812) | 265,192,644 | ||||
WARRANTS - 0.0% (c) | |||||
THAILAND – 0.0% (c) | |||||
Other Security (cost $0) | 218,955 | — | |||
SHORT-TERM INVESTMENTS - 1.1% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e)(f) | 325,185 | 325,185 |
Security Description | Shares | Value | |||
State Street Navigator Securities Lending Government Money Market Portfolio (e)(g) | 2,508,511 | $ 2,508,511 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,833,696) | 2,833,696 | ||||
TOTAL INVESTMENTS - 100.5% (Cost $254,793,508) | 268,026,340 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)% | (1,301,109) | ||||
NET ASSETS - 100.0% | $ 266,725,231 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Non-income producing security. |
(b) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(c) | Amount is less than 0.05% of net assets. |
(d) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 10,806,594 | $ — | $— | $ 10,806,594 | ||||
Chile | 3,650,390 | — | — | 3,650,390 | ||||
China | 63,065,540 | — | 0(a) | 63,065,540 | ||||
Colombia | 947,699 | — | — | 947,699 | ||||
Czech Republic | 757,060 | — | — | 757,060 | ||||
Egypt | 1,073,135 | — | — | 1,073,135 | ||||
Greece | 888,367 | 1,369 | — | 889,736 | ||||
Hong Kong | 2,431,421 | — | 0(a) | 2,431,421 | ||||
Hungary | 1,050,492 | — | — | 1,050,492 | ||||
India | 30,489,170 | — | — | 30,489,170 | ||||
Indonesia | 10,669,562 | — | — | 10,669,562 | ||||
Luxembourg | 148,593 | — | — | 148,593 | ||||
Malaysia | 10,186,498 | — | — | 10,186,498 | ||||
Mexico | 6,020,920 | — | — | 6,020,920 | ||||
Pakistan | 282,862 | — | — | 282,862 | ||||
Peru | 1,366,675 | — | — | 1,366,675 | ||||
Philippines | 3,232,711 | — | — | 3,232,711 | ||||
Poland | 1,910,092 | — | — | 1,910,092 | ||||
Qatar | 3,357,216 | — | — | 3,357,216 | ||||
Romania | 36,469 | — | — | 36,469 | ||||
Russia | 9,458,924 | — | — | 9,458,924 | ||||
Singapore | 124,892 | — | — | 124,892 | ||||
South Africa | 11,435,222 | — | — | 11,435,222 | ||||
South Korea | 39,811,109 | — | — | 39,811,109 | ||||
Taiwan | 36,459,653 | 259,427 | — | 36,719,080 | ||||
Thailand | 2,756,591 | 7,461,022 | — | 10,217,613 | ||||
Turkey | 1,626,190 | — | — | 1,626,190 | ||||
United Arab Emirates | 3,426,779 | — | — | 3,426,779 | ||||
Warrants | ||||||||
Thailand | — | 0(b) | — | 0 | ||||
Short-Term Investments | 2,833,696 | — | — | 2,833,696 | ||||
TOTAL INVESTMENTS | $260,304,522 | $7,721,818 | $— | $268,026,340 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
(b) | Fund held a Level 2 security that was valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 647,704 | $ 647,704 | $32,657,604 | $32,980,123 | $— | $— | 325,185 | $ 325,185 | $ 6,303 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 3,055,835 | 3,055,835 | 27,940,867 | 28,488,191 | — | — | 2,508,511 | 2,508,511 | 28,283 | — | |||||||||
Total | $3,703,539 | $60,598,471 | $61,468,314 | $— | $— | $2,833,696 | $34,586 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 98.6% | |||||
AIR FREIGHT & LOGISTICS — 2.8% | |||||
Deutsche Post AG | 7,189 | $ 256,429 | |||
AIRLINES — 0.9% | |||||
Deutsche Lufthansa AG | 3,474 | 85,382 | |||
AUTO COMPONENTS — 1.7% | |||||
Continental AG | 792 | 137,940 | |||
Schaeffler AG Preference Shares | 1,217 | 15,563 | |||
153,503 | |||||
AUTOMOBILES — 11.2% | |||||
Bayerische Motoren Werke AG | 2,350 | 212,111 | |||
Bayerische Motoren Werke AG Preference Shares | 408 | 32,082 | |||
Daimler AG | 6,561 | 414,180 | |||
Porsche Automobil Holding SE Preference Shares | 1,123 | 75,653 | |||
Volkswagen AG | 234 | 40,796 | |||
Volkswagen AG Preference Shares | 1,343 | 236,480 | |||
1,011,302 | |||||
BANKS — 0.8% | |||||
Commerzbank AG (a) | 7,346 | 76,578 | |||
CAPITAL MARKETS — 3.7% | |||||
Deutsche Bank AG | 13,774 | 157,233 | |||
Deutsche Boerse AG | 1,349 | 180,816 | |||
338,049 | |||||
CHEMICALS — 11.5% | |||||
BASF SE | 6,736 | 598,917 | |||
Covestro AG (b) | 1,338 | 108,568 | |||
Evonik Industries AG | 1,097 | 39,308 | |||
Linde AG | 1,253 | 296,457 | |||
1,043,250 | |||||
CONSTRUCTION & ENGINEERING — 0.2% | |||||
HOCHTIEF AG | 133 | 22,060 | |||
CONSTRUCTION MATERIALS — 0.9% | |||||
HeidelbergCement AG | 1,084 | 84,760 | |||
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.5% | |||||
Deutsche Telekom AG | 23,783 | 383,558 | |||
Telefonica Deutschland Holding AG | 5,039 | 21,310 | |||
404,868 | |||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5% | |||||
Siemens Healthineers AG (a) (b) | 959 | 42,188 | |||
HEALTH CARE PROVIDERS & SERVICES — 4.2% | |||||
Fresenius Medical Care AG & Co. KGaA | 1,573 | 161,839 | |||
Fresenius SE & Co. KGaA | 3,001 | 220,433 | |||
382,272 |
Security Description | Shares | Value | |||
HOUSEHOLD PRODUCTS — 2.5% | |||||
Henkel AG & Co. KGaA Preference Shares | 1,280 | $ 150,233 | |||
Henkel AG & Co. KGaA | 743 | 78,921 | |||
229,154 | |||||
INDUSTRIAL CONGLOMERATES — 8.1% | |||||
Siemens AG | 5,761 | 738,329 | |||
INSURANCE — 11.3% | |||||
Allianz SE | 3,142 | 700,691 | |||
Hannover Rueck SE | 442 | 62,478 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1,097 | 243,047 | |||
Talanx AG | 389 | 14,793 | |||
1,021,009 | |||||
INTERNET & CATALOG RETAIL — 0.4% | |||||
Zalando SE (a) (b) | 883 | 34,368 | |||
MACHINERY — 0.3% | |||||
MAN SE | 258 | 28,064 | |||
MEDIA — 0.7% | |||||
ProSiebenSat.1 Media SE | 1,679 | 43,625 | |||
RTL Group SA | 273 | 19,485 | |||
63,110 | |||||
METALS & MINING — 1.0% | |||||
ThyssenKrupp AG | 3,610 | 91,156 | |||
MULTI-UTILITIES — 3.3% | |||||
E.ON SE | 15,750 | 160,618 | |||
Innogy SE (a) | 935 | 39,693 | |||
RWE AG | 3,717 | 91,743 | |||
RWE AG Preference Shares | 286 | 5,760 | |||
297,814 | |||||
PERSONAL PRODUCTS — 0.9% | |||||
Beiersdorf AG | 721 | 81,382 | |||
PHARMACEUTICALS — 7.8% | |||||
Bayer AG | 6,839 | 607,757 | |||
Merck KGaA | 948 | 97,998 | |||
705,755 | |||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 3.4% | |||||
Deutsche Wohnen SE | 2,601 | 124,830 | |||
Vonovia SE | 3,767 | 184,116 | |||
308,946 | |||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.0% | |||||
Infineon Technologies AG | 7,858 | 178,617 | |||
SOFTWARE — 10.0% | |||||
SAP SE | 7,339 | 903,570 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
TEXTILES, APPAREL & LUXURY GOODS — 4.0% | ||||||
adidas AG | 1,488 | $ 364,501 | ||||
TOTAL COMMON STOCKS (Cost $9,211,853) | 8,946,416 |
SHORT-TERM INVESTMENT — 0.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) (Cost $6,254) | 6,254 | 6,254 | |
TOTAL INVESTMENTS — 98.7% (Cost $9,218,107) | 8,952,670 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 1.3% | 121,689 | ||
NET ASSETS — 100.0% | $ 9,074,359 |
(a) | Non-income producing security. |
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 2.0% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Air Freight & Logistics | $ 256,429 | $— | $— | $ 256,429 | ||||
Airlines | 85,382 | — | — | 85,382 | ||||
Auto Components | 153,503 | — | — | 153,503 | ||||
Automobiles | 1,011,302 | — | — | 1,011,302 | ||||
Banks | 76,578 | — | — | 76,578 | ||||
Capital Markets | 338,049 | — | — | 338,049 | ||||
Chemicals | 1,043,250 | — | — | 1,043,250 | ||||
Construction & Engineering | 22,060 | — | — | 22,060 | ||||
Construction Materials | 84,760 | — | — | 84,760 | ||||
Diversified Telecommunication Services | 404,868 | — | — | 404,868 | ||||
Health Care Equipment & Supplies | 42,188 | — | — | 42,188 | ||||
Health Care Providers & Services | 382,272 | — | — | 382,272 | ||||
Household Products | 229,154 | — | — | 229,154 | ||||
Industrial Conglomerates | 738,329 | — | — | 738,329 | ||||
Insurance | 1,021,009 | — | — | 1,021,009 | ||||
Internet & Catalog Retail | 34,368 | — | — | 34,368 | ||||
Machinery | 28,064 | — | — | 28,064 | ||||
Media | 63,110 | — | — | 63,110 | ||||
Metals & Mining | 91,156 | — | — | 91,156 | ||||
Multi-Utilities | 297,814 | — | — | 297,814 | ||||
Personal Products | 81,382 | — | — | 81,382 | ||||
Pharmaceuticals | 705,755 | — | — | 705,755 | ||||
Real Estate Management & Development | 308,946 | — | — | 308,946 | ||||
Semiconductors & Semiconductor Equipment | 178,617 | — | — | 178,617 | ||||
Software | 903,570 | — | — | 903,570 | ||||
Textiles, Apparel & Luxury Goods | 364,501 | — | — | 364,501 | ||||
Short-Term Investment | 6,254 | — | — | 6,254 | ||||
TOTAL INVESTMENTS | $8,952,670 | $— | $— | $8,952,670 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,300 | $1,300 | $382,078 | $377,124 | $— | $— | 6,254 | $6,254 | $102 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | — | — | 37,332 | 37,332 | — | — | — | — | 28 | — | |||||||||
Total | $1,300 | $419,410 | $414,456 | $— | $— | $6,254 | $130 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.2% | |||||
AIR FREIGHT & LOGISTICS — 0.4% | |||||
SG Holdings Co., Ltd. | 600 | $ 15,726 | |||
Yamato Holdings Co., Ltd. (a) | 1,500 | 46,062 | |||
61,788 | |||||
AIRLINES — 0.6% | |||||
ANA Holdings, Inc. | 1,300 | 45,437 | |||
Japan Airlines Co., Ltd. | 1,400 | 50,338 | |||
95,775 | |||||
AUTO COMPONENTS — 2.7% | |||||
Aisin Seiki Co., Ltd. | 700 | 34,080 | |||
Bridgestone Corp. | 2,400 | 90,709 | |||
Denso Corp. | 1,900 | 100,349 | |||
Koito Manufacturing Co., Ltd. | 500 | 32,839 | |||
NGK Spark Plug Co., Ltd. | 800 | 23,313 | |||
NOK Corp. | 400 | 6,871 | |||
Stanley Electric Co., Ltd. | 600 | 20,522 | |||
Sumitomo Electric Industries, Ltd. | 3,200 | 50,204 | |||
Sumitomo Rubber Industries, Ltd. (a) | 700 | 10,507 | |||
Toyoda Gosei Co., Ltd. | 300 | 7,408 | |||
Toyota Boshoku Corp. | 300 | 5,602 | |||
Toyota Industries Corp. | 700 | 41,414 | |||
Yokohama Rubber Co., Ltd. | 600 | 12,937 | |||
436,755 | |||||
AUTOMOBILES — 7.9% | |||||
Honda Motor Co., Ltd. (a) | 7,100 | 214,966 | |||
Isuzu Motors, Ltd. | 2,400 | 37,843 | |||
Mazda Motor Corp. (a) | 2,500 | 30,022 | |||
Mitsubishi Motors Corp. (a) | 2,800 | 19,770 | |||
Nissan Motor Co., Ltd. (a) | 9,800 | 91,758 | |||
Subaru Corp. | 2,600 | 79,658 | |||
Suzuki Motor Corp. | 1,600 | 91,674 | |||
Toyota Motor Corp. | 10,600 | 662,121 | |||
Yamaha Motor Co., Ltd. | 1,200 | 33,649 | |||
1,261,461 | |||||
BANKS — 5.9% | |||||
Aozora Bank, Ltd. | 500 | 17,872 | |||
Chiba Bank, Ltd. (a) | 3,100 | 21,179 | |||
Concordia Financial Group, Ltd. | 4,800 | 23,538 | |||
Fukuoka Financial Group, Inc. | 600 | 16,507 | |||
Mebuki Financial Group, Inc. | 4,700 | 16,262 | |||
Mitsubishi UFJ Financial Group, Inc. | 49,500 | 309,024 | |||
Mizuho Financial Group, Inc. | 98,800 | 172,401 | |||
Resona Holdings, Inc. | 9,700 | 54,510 | |||
Seven Bank, Ltd. (a) | 2,600 | 8,218 | |||
Shinsei Bank, Ltd. | 1,000 | 16,349 | |||
Shizuoka Bank, Ltd. | 2,100 | 18,858 | |||
Sumitomo Mitsui Financial Group, Inc. | 5,300 | 213,988 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 1,300 | 53,518 |
Security Description | Shares | Value | |||
Suruga Bank, Ltd. | 900 | $ 4,500 | |||
946,724 | |||||
BEVERAGES — 1.3% | |||||
Asahi Group Holdings, Ltd. | 1,800 | 78,047 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 500 | 13,382 | |||
Ito En, Ltd. (a) | 200 | 8,874 | |||
Kirin Holdings Co., Ltd. | 3,600 | 92,262 | |||
Suntory Beverage & Food, Ltd. | 500 | 21,174 | |||
213,739 | |||||
BIOTECHNOLOGY — 0.1% | |||||
PeptiDream, Inc. (b) | 400 | 15,953 | |||
BUILDING PRODUCTS — 1.4% | |||||
AGC, Inc. | 800 | 33,209 | |||
Daikin Industries, Ltd. | 1,100 | 146,476 | |||
LIXIL Group Corp. | 1,100 | 21,189 | |||
TOTO, Ltd. | 700 | 29,058 | |||
229,932 | |||||
CAPITAL MARKETS — 1.1% | |||||
Daiwa Securities Group, Inc. | 6,800 | 41,380 | |||
Japan Exchange Group, Inc. | 2,300 | 40,094 | |||
Nomura Holdings, Inc. | 14,300 | 68,324 | |||
SBI Holdings, Inc. | 900 | 27,970 | |||
177,768 | |||||
CHEMICALS — 4.4% | |||||
Air Water, Inc. | 700 | 12,849 | |||
Asahi Kasei Corp. | 5,600 | 84,948 | |||
Daicel Corp. | 1,200 | 13,946 | |||
DIC Corp. | 400 | 14,403 | |||
Hitachi Chemical Co., Ltd. | 400 | 8,145 | |||
JSR Corp. | 800 | 14,939 | |||
Kansai Paint Co., Ltd. | 900 | 16,592 | |||
Kuraray Co., Ltd. | 1,500 | 22,556 | |||
Mitsubishi Chemical Holdings Corp. | 5,900 | 56,489 | |||
Mitsubishi Gas Chemical Co., Inc. | 800 | 17,037 | |||
Mitsui Chemicals, Inc. | 700 | 17,508 | |||
Nippon Paint Holdings Co., Ltd. | 800 | 29,863 | |||
Nissan Chemical Corp. | 500 | 26,412 | |||
Nitto Denko Corp. | 700 | 52,482 | |||
Shin-Etsu Chemical Co., Ltd. | 1,800 | 159,502 | |||
Showa Denko KK | 600 | 33,121 | |||
Sumitomo Chemical Co., Ltd. | 7,000 | 40,983 | |||
Taiyo Nippon Sanso Corp. | 700 | 10,477 | |||
Teijin, Ltd. | 800 | 15,347 | |||
Toray Industries, Inc. | 6,400 | 48,091 | |||
Tosoh Corp. | 1,200 | 18,488 | |||
714,178 | |||||
COMMERCIAL SERVICES & SUPPLIES — 0.9% | |||||
Dai Nippon Printing Co., Ltd. | 1,100 | 25,586 | |||
Park24 Co., Ltd. | 500 | 15,121 | |||
Secom Co., Ltd. | 900 | 73,388 | |||
Sohgo Security Services Co., Ltd. | 300 | 13,193 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Toppan Printing Co., Ltd. | 1,000 | $ 16,067 | |||
143,355 | |||||
CONSTRUCTION & ENGINEERING — 0.9% | |||||
JGC Corp. | 1,000 | 22,943 | |||
Kajima Corp. | 2,000 | 29,071 | |||
Obayashi Corp. | 2,800 | 26,525 | |||
Shimizu Corp. | 2,600 | 23,737 | |||
Taisei Corp. | 900 | 41,044 | |||
143,320 | |||||
CONSTRUCTION MATERIALS — 0.1% | |||||
Taiheiyo Cement Corp. | 500 | 15,693 | |||
CONSUMER FINANCE — 0.2% | |||||
Acom Co., Ltd. | 1,400 | 5,645 | |||
AEON Financial Service Co., Ltd. (a) | 500 | 10,358 | |||
Credit Saison Co., Ltd. | 700 | 11,420 | |||
27,423 | |||||
CONTAINERS & PACKAGING — 0.1% | |||||
Toyo Seikan Group Holdings, Ltd. | 600 | 12,451 | |||
DIVERSIFIED CONSUMER SERVICES — 0.1% | |||||
Benesse Holdings, Inc. | 400 | 11,392 | |||
DIVERSIFIED FINANCIAL SERVICES — 0.7% | |||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 2,100 | 12,369 | |||
ORIX Corp. | 5,400 | 87,571 | |||
Tokyo Century Corp. | 200 | 12,431 | |||
112,371 | |||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.5% | |||||
Nippon Telegraph & Telephone Corp. | 5,400 | 243,983 | |||
ELECTRIC UTILITIES — 1.2% | |||||
Chubu Electric Power Co., Inc. | 3,100 | 46,902 | |||
Chugoku Electric Power Co., Inc. (a) | 1,300 | 16,710 | |||
Kansai Electric Power Co., Inc. | 3,200 | 48,260 | |||
Kyushu Electric Power Co., Inc. | 1,900 | 22,933 | |||
Tohoku Electric Power Co., Inc. | 2,100 | 28,509 | |||
Tokyo Electric Power Co. Holdings, Inc. (b) | 6,300 | 30,950 | |||
194,264 | |||||
ELECTRICAL EQUIPMENT — 1.9% | |||||
Fuji Electric Co., Ltd. | 600 | 24,035 | |||
Mabuchi Motor Co., Ltd. | 200 | 8,073 | |||
Mitsubishi Electric Corp. | 8,300 | 113,738 | |||
Nidec Corp. | 1,100 | 158,291 | |||
304,137 |
Security Description | Shares | Value | |||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.3% | |||||
Alps Electric Co., Ltd. (a) | 800 | $ 20,327 | |||
Hamamatsu Photonics KK | 600 | 23,903 | |||
Hirose Electric Co., Ltd. | 105 | 11,481 | |||
Hitachi High-Technologies Corp. | 300 | 10,340 | |||
Hitachi, Ltd. | 4,000 | 135,933 | |||
Keyence Corp. | 400 | 232,355 | |||
Kyocera Corp. | 1,400 | 84,060 | |||
Murata Manufacturing Co., Ltd. | 900 | 138,385 | |||
Omron Corp. | 900 | 38,033 | |||
Shimadzu Corp. | 1,200 | 37,611 | |||
TDK Corp. | 500 | 54,541 | |||
Yaskawa Electric Corp. (a) | 1,100 | 32,685 | |||
Yokogawa Electric Corp. | 1,100 | 23,272 | |||
842,926 | |||||
ENTERTAINMENT — 1.6% | |||||
DeNA Co., Ltd. | 500 | 8,835 | |||
Konami Holdings Corp. | 400 | 15,671 | |||
Nexon Co., Ltd. (b) | 1,900 | 24,840 | |||
Nintendo Co., Ltd. | 500 | 182,507 | |||
Square Enix Holdings Co., Ltd. | 400 | 16,551 | |||
Toho Co., Ltd. | 500 | 15,693 | |||
264,097 | |||||
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 0.7% | |||||
Daiwa House REIT Investment Corp. | 7 | 16,017 | |||
GLP J-REIT | 12 | 11,674 | |||
Japan Retail Fund Investment Corp. REIT | 11 | 19,960 | |||
Nippon Prologis REIT, Inc. | 8 | 15,840 | |||
Nomura Real Estate Master Fund, Inc. REIT | 16 | 21,862 | |||
Orix JREIT, Inc. REIT | 11 | 17,180 | |||
United Urban Investment Corp. REIT | 11 | 17,267 | |||
119,800 | |||||
FOOD & STAPLES RETAILING — 1.9% | |||||
Aeon Co., Ltd. (a) | 2,900 | 69,893 | |||
FamilyMart UNY Holdings Co., Ltd. | 300 | 31,245 | |||
Lawson, Inc. (a) | 200 | 12,185 | |||
Matsumotokiyoshi Holdings Co., Ltd. | 300 | 12,308 | |||
Seven & i Holdings Co., Ltd. | 3,200 | 142,554 | |||
Sundrug Co., Ltd. | 200 | 7,140 | |||
Tsuruha Holdings, Inc. | 200 | 24,633 | |||
Welcia Holdings Co., Ltd. | 200 | 11,340 | |||
311,298 | |||||
FOOD PRODUCTS — 1.7% | |||||
Ajinomoto Co., Inc. | 2,400 | 41,213 | |||
Calbee, Inc. | 300 | 9,878 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Ezaki Glico Co., Ltd. | 200 | $ 9,825 | |||
Kewpie Corp. | 400 | 9,262 | |||
Kikkoman Corp. | 500 | 29,757 | |||
MEIJI Holdings Co., Ltd. | 500 | 33,587 | |||
NH Foods, Ltd. | 400 | 14,773 | |||
Nichirei Corp. | 500 | 13,250 | |||
Nisshin Seifun Group, Inc. | 1,000 | 21,922 | |||
Nissin Foods Holdings Co., Ltd. | 200 | 13,752 | |||
Toyo Suisan Kaisha, Ltd. | 400 | 15,513 | |||
Yakult Honsha Co., Ltd. | 500 | 40,983 | |||
Yamazaki Baking Co., Ltd. | �� | 600 | 12,012 | ||
265,727 | |||||
GAS UTILITIES — 0.6% | |||||
Osaka Gas Co., Ltd. | 1,700 | 33,166 | |||
Toho Gas Co., Ltd. | 400 | 15,196 | |||
Tokyo Gas Co., Ltd. | 1,800 | 44,253 | |||
92,615 | |||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.9% | |||||
Asahi Intecc Co., Ltd. | 400 | 17,467 | |||
CYBERDYNE, Inc. (a) (b) | 400 | 3,159 | |||
Hoya Corp. | 1,600 | 95,083 | |||
Olympus Corp. | 1,300 | 50,759 | |||
Sysmex Corp. | 600 | 51,662 | |||
Terumo Corp. | 1,400 | 82,951 | |||
301,081 | |||||
HEALTH CARE PROVIDERS & SERVICES — 0.3% | |||||
Alfresa Holdings Corp. | 800 | 21,411 | |||
Medipal Holdings Corp. | 700 | 14,612 | |||
Suzuken Co., Ltd. | 300 | 14,236 | |||
50,259 | |||||
HEALTH CARE TECHNOLOGY — 0.3% | |||||
M3, Inc. | 1,800 | 40,854 | |||
HOTELS, RESTAURANTS & LEISURE — 0.6% | |||||
McDonald's Holdings Co. Japan, Ltd. | 300 | 13,180 | |||
Oriental Land Co., Ltd. | 800 | 83,673 | |||
96,853 | |||||
HOUSEHOLD DURABLES — 3.8% | |||||
Casio Computer Co., Ltd. (a) | 900 | 14,714 | |||
Haseko Corp. | 1,200 | 15,583 | |||
Iida Group Holdings Co., Ltd. | 600 | 10,676 | |||
Nikon Corp. (a) | 1,600 | 30,074 | |||
Panasonic Corp. | 9,400 | 109,529 | |||
Rinnai Corp. | 100 | 7,624 | |||
Sekisui Chemical Co., Ltd. | 1,800 | 33,216 | |||
Sekisui House, Ltd. | 2,600 | 39,658 | |||
Sharp Corp. | 700 | 14,230 | |||
Sony Corp. | 5,400 | 331,174 | |||
606,478 |
Security Description | Shares | Value | |||
HOUSEHOLD PRODUCTS — 0.7% | |||||
Lion Corp. | 1,100 | $ 24,443 | |||
Pigeon Corp. | 500 | 28,173 | |||
Unicharm Corp. | 1,700 | 56,245 | |||
108,861 | |||||
INDEPENDENT POWER & RENEWABLE ELECTRICITY PRODUCERS — 0.1% | |||||
Electric Power Development Co., Ltd. | 700 | 19,382 | |||
INDUSTRIAL CONGLOMERATES — 0.7% | |||||
Keihan Holdings Co., Ltd. | 400 | 15,284 | |||
Seibu Holdings, Inc. | 1,000 | 17,986 | |||
Toshiba Corp. (b) | 2,700 | 78,087 | |||
111,357 | |||||
INSURANCE — 3.1% | |||||
Dai-ichi Life Holdings, Inc. | 4,700 | 97,881 | |||
Japan Post Holdings Co., Ltd. | 6,100 | 72,608 | |||
Japan Post Insurance Co., Ltd. | 300 | 7,113 | |||
MS&AD Insurance Group Holdings, Inc. | 2,100 | 70,145 | |||
Sompo Holdings, Inc. | 1,400 | 59,643 | |||
Sony Financial Holdings, Inc. (a) | 700 | 15,432 | |||
T&D Holdings, Inc. | 2,400 | 39,618 | |||
Tokio Marine Holdings, Inc. | 2,800 | 138,959 | |||
501,399 | |||||
INTERNET & CATALOG RETAIL — 0.3% | |||||
Rakuten, Inc. (a) | 3,400 | 26,066 | |||
Start Today Co., Ltd. | 800 | 24,229 | |||
50,295 | |||||
INTERACTIVE MEDIA & SERVICES — 0.3% | |||||
Kakaku.com, Inc. | 600 | 11,737 | |||
LINE Corp. (a) (b) | 200 | 8,452 | |||
Mixi, Inc. | 200 | 4,800 | |||
Yahoo! Japan Corp. | 5,500 | 19,805 | |||
44,794 | |||||
IT SERVICES — 1.1% | |||||
Fujitsu, Ltd. | 800 | 57,022 | |||
Itochu Techno-Solutions Corp. | 400 | 8,695 | |||
Nomura Research Institute, Ltd. | 500 | 25,267 | |||
NTT Data Corp. | 2,700 | 37,391 | |||
Obic Co., Ltd. | 300 | 28,393 | |||
Otsuka Corp. | 400 | 14,932 | |||
SCSK Corp. | 200 | 9,455 | |||
181,155 | |||||
LEISURE EQUIPMENT & PRODUCTS — 0.8% | |||||
Bandai Namco Holdings, Inc. | 800 | 31,096 | |||
Sega Sammy Holdings, Inc. | 700 | 10,323 | |||
Shimano, Inc. | 300 | 48,360 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Yamaha Corp. | 700 | $ 37,100 | |||
126,879 | |||||
MACHINERY — 5.4% | |||||
Amada Holdings Co., Ltd. | 1,500 | 16,019 | |||
Daifuku Co., Ltd. | 500 | 25,487 | |||
Ebara Corp. | 400 | 13,805 | |||
FANUC Corp. | 800 | 150,865 | |||
Harmonic Drive Systems, Inc. (a) | 100 | 3,684 | |||
Hino Motors, Ltd. | 1,100 | 12,047 | |||
Hitachi Construction Machinery Co., Ltd. (a) | 400 | 13,382 | |||
Hoshizaki Corp. | 200 | 20,707 | |||
IHI Corp. | 600 | 22,741 | |||
JTEKT Corp. | 1,000 | 14,641 | |||
Kawasaki Heavy Industries, Ltd. | 600 | 16,930 | |||
Komatsu, Ltd. (a) | 4,000 | 121,706 | |||
Kubota Corp. | 5,200 | 88,402 | |||
Makita Corp. | 1,000 | 50,095 | |||
MINEBEA MITSUMI, Inc. | 1,700 | 30,832 | |||
MISUMI Group, Inc. | 1,200 | 31,060 | |||
Mitsubishi Heavy Industries, Ltd. | 1,400 | 54,072 | |||
Nabtesco Corp. | 500 | 13,294 | |||
NGK Insulators, Ltd. | 1,300 | 21,448 | |||
NSK, Ltd. | 2,000 | 22,926 | |||
SMC Corp. | 300 | 96,034 | |||
Sumitomo Heavy Industries, Ltd. | 500 | 17,850 | |||
THK Co., Ltd. | 500 | 12,731 | |||
870,758 | |||||
MARINE — 0.2% | |||||
Mitsui OSK Lines, Ltd. | 500 | 14,592 | |||
Nippon Yusen KK | 700 | 13,170 | |||
27,762 | |||||
MEDIA — 0.7% | |||||
CyberAgent, Inc. | 400 | 21,305 | |||
Dentsu, Inc. | 900 | 41,757 | |||
Fuji Media Holdings, Inc. | 700 | 12,455 | |||
Hakuhodo DY Holdings, Inc. | 900 | 15,792 | |||
Nippon Television Holdings, Inc. | 600 | 10,396 | |||
Tokyo Broadcasting System Holdings, Inc. | 400 | 8,325 | |||
110,030 | |||||
METALS & MINING — 1.2% | |||||
Hitachi Metals, Ltd. | 900 | 11,148 | |||
JFE Holdings, Inc. | 2,200 | 50,494 | |||
Kobe Steel, Ltd. | 1,400 | 12,449 | |||
Mitsubishi Materials Corp. | 500 | 14,945 | |||
Nippon Steel & Sumitomo Metal Corp. | 3,500 | 74,061 | |||
Sumitomo Metal Mining Co., Ltd. | 1,000 | 35,093 | |||
198,190 | |||||
MULTILINE RETAIL — 0.9% | |||||
Don Quijote Holdings Co., Ltd. | 500 | 25,311 | |||
Isetan Mitsukoshi Holdings, Ltd. (a) | 1,500 | 18,422 | |||
Izumi Co., Ltd. | 200 | 13,294 | |||
J Front Retailing Co., Ltd. | 1,100 | 17,074 |
Security Description | Shares | Value | |||
Marui Group Co., Ltd. (a) | 900 | $ 22,218 | |||
Ryohin Keikaku Co., Ltd. | 100 | 29,758 | |||
Seria Co., Ltd. (a) | 200 | 7,078 | |||
Takashimaya Co., Ltd. | 600 | 10,137 | |||
143,292 | |||||
OIL, GAS & CONSUMABLE FUELS — 1.3% | |||||
Idemitsu Kosan Co., Ltd. | 600 | 31,747 | |||
Inpex Corp. | 4,100 | 51,149 | |||
JXTG Holdings, Inc. | 14,100 | 106,546 | |||
Showa Shell Sekiyu KK | 800 | 16,953 | |||
206,395 | |||||
PAPER & FOREST PRODUCTS — 0.2% | |||||
Oji Holdings Corp. | 4,000 | 29,053 | |||
PERSONAL PRODUCTS — 2.1% | |||||
Kao Corp. | 2,000 | 161,535 | |||
Kobayashi Pharmaceutical Co., Ltd. | 200 | 14,720 | |||
Kose Corp. | 100 | 19,061 | |||
Pola Orbis Holdings, Inc. | 300 | 10,961 | |||
Shiseido Co., Ltd. | 1,600 | 123,946 | |||
330,223 | |||||
PHARMACEUTICALS — 5.8% | |||||
Astellas Pharma, Inc. | 8,400 | 146,576 | |||
Chugai Pharmaceutical Co., Ltd. | 900 | 57,842 | |||
Daiichi Sankyo Co., Ltd. | 2,600 | 112,735 | |||
Eisai Co., Ltd. | 1,200 | 116,846 | |||
Hisamitsu Pharmaceutical Co., Inc. | 300 | 23,005 | |||
Kyowa Hakko Kirin Co., Ltd. | 1,100 | 20,618 | |||
Mitsubishi Tanabe Pharma Corp. | 1,000 | 16,728 | |||
Nippon Shinyaku Co., Ltd. | 300 | 19,677 | |||
Ono Pharmaceutical Co., Ltd. | 1,700 | 48,118 | |||
Otsuka Holdings Co., Ltd. | 1,700 | 85,715 | |||
Santen Pharmaceutical Co., Ltd. | 1,600 | 25,369 | |||
Shionogi & Co., Ltd. | 1,300 | 84,969 | |||
Sumitomo Dainippon Pharma Co., Ltd. (a) | 700 | 16,079 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 200 | 24,457 | |||
Takeda Pharmaceutical Co., Ltd. (a) | 3,200 | 136,948 | |||
935,682 | |||||
PROFESSIONAL SERVICES — 1.2% | |||||
Nihon M&A Center, Inc. (a) | 600 | 18,013 | |||
Recruit Holdings Co., Ltd. | 4,900 | 163,585 | |||
Temp Holdings Co., Ltd. | 700 | 16,424 | |||
198,022 | |||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.6% | |||||
Aeon Mall Co., Ltd. | 400 | 6,874 | |||
Daito Trust Construction Co., Ltd. (a) | 300 | 38,601 | |||
Daiwa House Industry Co., Ltd. | 2,600 | 77,095 | |||
Hulic Co., Ltd. | 1,600 | 15,706 | |||
Mitsubishi Estate Co., Ltd. | 5,300 | 90,149 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Mitsui Fudosan Co., Ltd. | 3,900 | $ 92,328 | |||
Nomura Real Estate Holdings, Inc. | 500 | 10,098 | |||
Sumitomo Realty & Development Co., Ltd. | 2,000 | 71,841 | |||
Tokyu Fudosan Holdings Corp. | 2,200 | 15,340 | |||
418,032 | |||||
ROAD & RAIL — 4.1% | |||||
Central Japan Railway Co. | 700 | 145,812 | |||
East Japan Railway Co. | 1,500 | 139,389 | |||
Hankyu Hanshin Holdings, Inc. | 1,000 | 35,480 | |||
Keikyu Corp. | 1,000 | 18,233 | |||
Keio Corp. | 500 | 27,380 | |||
Keisei Electric Railway Co., Ltd. | 600 | 21,130 | |||
Kintetsu Group Holdings Co., Ltd. | 800 | 32,187 | |||
Kyushu Railway Co. | 700 | 21,323 | |||
Nagoya Railroad Co., Ltd. | 800 | 19,820 | |||
Nippon Express Co., Ltd. | 400 | 26,271 | |||
Odakyu Electric Railway Co., Ltd. | 1,400 | 33,131 | |||
Tobu Railway Co., Ltd. | 900 | 26,623 | |||
Tokyu Corp. | 2,600 | 47,566 | |||
West Japan Railway Co. | 800 | 55,789 | |||
650,134 | |||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.3% | |||||
Advantest Corp. (a) | 800 | 16,854 | |||
Disco Corp. | 100 | 16,745 | |||
Renesas Electronics Corp. (b) | 3,300 | 20,628 | |||
Rohm Co., Ltd. | 400 | 29,159 | |||
SCREEN Holdings Co., Ltd. | 200 | 11,692 | |||
SUMCO Corp. | 1,000 | 14,509 | |||
Tokyo Electron, Ltd. (a) | 700 | 96,201 | |||
205,788 | |||||
SOFTWARE — 0.3% | |||||
Oracle Corp. Japan | 100 | 8,065 | |||
Trend Micro, Inc. | 600 | 38,614 | |||
46,679 | |||||
SPECIALTY RETAIL — 1.3% | |||||
ABC-Mart, Inc. | 100 | 5,564 | |||
Fast Retailing Co., Ltd. | 200 | 101,985 | |||
Hikari Tsushin, Inc. | 100 | 19,774 | |||
Nitori Holdings Co., Ltd. | 300 | 43,038 | |||
Shimamura Co., Ltd. | 100 | 9,491 | |||
USS Co., Ltd. | 900 | 16,711 | |||
Yamada Denki Co., Ltd. (a) | 2,800 | 14,174 | |||
210,737 | |||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.1% | |||||
Brother Industries, Ltd. | 1,000 | 19,756 | |||
Canon, Inc. | 4,500 | 143,021 | |||
FUJIFILM Holdings Corp. | 1,700 | 76,555 | |||
Konica Minolta, Inc. | 2,100 | 22,334 | |||
NEC Corp. | 1,100 | 30,409 | |||
Ricoh Co., Ltd. (a) | 3,000 | 32,223 |
Security Description | Shares | Value | ||||
Seiko Epson Corp. (a) | 1,200 | $ 20,474 | ||||
344,772 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.1% | ||||||
Asics Corp. | 800 | 11,931 | ||||
TOBACCO — 0.8% | ||||||
Japan Tobacco, Inc. | 4,800 | 125,340 | ||||
TRADING COMPANIES & DISTRIBUTORS — 4.0% | ||||||
ITOCHU Corp. | 6,300 | 115,367 | ||||
Marubeni Corp. | 7,200 | 65,924 | ||||
Mitsubishi Corp. | 6,000 | 184,937 | ||||
Mitsui & Co., Ltd. | 6,900 | 122,740 | ||||
MonotaRO Co., Ltd. | 600 | 16,930 | ||||
Sojitz Corp. | 4,800 | 17,326 | ||||
Sumitomo Corp. | 4,800 | 80,060 | ||||
Toyota Tsusho Corp. | 1,000 | 37,769 | ||||
641,053 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.4% | ||||||
KDDI Corp. | 7,300 | 201,740 | ||||
NTT DOCOMO, Inc. | 5,000 | 134,481 | ||||
SoftBank Group Corp. | 3,700 | 373,632 | ||||
709,853 | ||||||
TOTAL COMMON STOCKS (Cost $15,996,537) | 15,912,298 |
SHORT-TERM INVESTMENTS — 4.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) | 3,721 | 3,721 | |
State Street Navigator Securities Lending Government Money Market Portfolio (c) (e) | 652,778 | 652,778 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $656,499) | 656,499 | ||
TOTAL INVESTMENTS — 103.3% (Cost $16,653,036) | 16,568,797 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (3.3)% | (522,326) | ||
NET ASSETS — 100.0% | $ 16,046,471 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(e) | Investment of cash collateral for securities loaned. |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Air Freight & Logistics | $ 61,788 | $— | $— | $ 61,788 | ||||
Airlines | 95,775 | — | — | 95,775 | ||||
Auto Components | 436,755 | — | — | 436,755 | ||||
Automobiles | 1,261,461 | — | — | 1,261,461 | ||||
Banks | 946,724 | — | — | 946,724 | ||||
Beverages | 213,739 | — | — | 213,739 | ||||
Biotechnology | 15,953 | — | — | 15,953 | ||||
Building Products | 229,932 | — | — | 229,932 | ||||
Capital Markets | 177,768 | — | — | 177,768 | ||||
Chemicals | 714,178 | — | — | 714,178 | ||||
Commercial Services & Supplies | 143,355 | — | — | 143,355 | ||||
Construction & Engineering | 143,320 | — | — | 143,320 | ||||
Construction Materials | 15,693 | — | — | 15,693 | ||||
Consumer Finance | 27,423 | — | — | 27,423 | ||||
Containers & Packaging | 12,451 | — | — | 12,451 | ||||
Diversified Consumer Services | 11,392 | — | — | 11,392 | ||||
Diversified Financial Services | 112,371 | — | — | 112,371 | ||||
Diversified Telecommunication Services | 243,983 | — | — | 243,983 | ||||
Electric Utilities | 194,264 | — | — | 194,264 | ||||
Electrical Equipment | 304,137 | — | — | 304,137 | ||||
Electronic Equipment, Instruments & Components | 842,926 | — | — | 842,926 | ||||
Entertainment | 264,097 | — | — | 264,097 | ||||
Equity Real Estate Investment Trusts (REITs) | 119,800 | — | — | 119,800 | ||||
Food & Staples Retailing | 311,298 | — | — | 311,298 | ||||
Food Products | 265,727 | — | — | 265,727 | ||||
Gas Utilities | 92,615 | — | — | 92,615 | ||||
Health Care Equipment & Supplies | 301,081 | — | — | 301,081 | ||||
Health Care Providers & Services | 50,259 | — | — | 50,259 | ||||
Health Care Technology | 40,854 | — | — | 40,854 | ||||
Hotels, Restaurants & Leisure | 96,853 | — | — | 96,853 | ||||
Household Durables | 606,478 | — | — | 606,478 | ||||
Household Products | 108,861 | — | — | 108,861 | ||||
Independent Power & Renewable Electricity Producers | 19,382 | — | — | 19,382 | ||||
Industrial Conglomerates | 111,357 | — | — | 111,357 | ||||
Insurance | 501,399 | — | — | 501,399 | ||||
Internet & Catalog Retail | 50,295 | — | — | 50,295 | ||||
Interactive Media & Services | 44,794 | — | — | 44,794 | ||||
IT Services | 181,155 | — | — | 181,155 | ||||
Leisure Equipment & Products | 126,879 | — | — | 126,879 | ||||
Machinery | 870,758 | — | — | 870,758 | ||||
Marine | 27,762 | — | — | 27,762 | ||||
Media | 110,030 | — | — | 110,030 | ||||
Metals & Mining | 198,190 | — | — | 198,190 | ||||
Multiline Retail | 143,292 | — | — | 143,292 | ||||
Oil, Gas & Consumable Fuels | 206,395 | — | — | 206,395 | ||||
Paper & Forest Products | 29,053 | — | — | 29,053 | ||||
Personal Products | 330,223 | — | — | 330,223 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Pharmaceuticals | $ 935,682 | $— | $— | $ 935,682 | ||||
Professional Services | 198,022 | — | — | 198,022 | ||||
Real Estate Management & Development | 418,032 | — | — | 418,032 | ||||
Road & Rail | 650,134 | — | — | 650,134 | ||||
Semiconductors & Semiconductor Equipment | 205,788 | — | — | 205,788 | ||||
Software | 46,679 | — | — | 46,679 | ||||
Specialty Retail | 210,737 | — | — | 210,737 | ||||
Technology Hardware, Storage & Peripherals | 344,772 | — | — | 344,772 | ||||
Textiles, Apparel & Luxury Goods | 11,931 | — | — | 11,931 | ||||
Tobacco | 125,340 | — | — | 125,340 | ||||
Trading Companies & Distributors | 641,053 | — | — | 641,053 | ||||
Wireless Telecommunication Services | 709,853 | — | — | 709,853 | ||||
Short-Term Investments | 656,499 | — | — | 656,499 | ||||
TOTAL INVESTMENTS | $16,568,797 | $— | $— | $16,568,797 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 131 | $131 | $ 681,226 | $ 677,636 | $— | $— | 3,721 | $ 3,721 | $ 200 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | — | — | 6,829,412 | 6,176,634 | — | — | 652,778 | 652,778 | 1,759 | — | |||||||||
Total | $131 | $7,510,638 | $6,854,270 | $— | $— | $656,499 | $1,959 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.3% | |||||
AEROSPACE & DEFENSE — 2.0% | |||||
BAE Systems PLC | 13,298 | $ 109,215 | |||
Rolls-Royce Holdings PLC (a) | 7,789 | 100,293 | |||
209,508 | |||||
AIR FREIGHT & LOGISTICS — 0.2% | |||||
Royal Mail PLC | 3,673 | 22,852 | |||
AIRLINES — 0.7% | |||||
easyJet PLC | 1,074 | 18,403 | |||
International Consolidated Airlines Group SA | 6,616 | 56,960 | |||
75,363 | |||||
AUTOMOBILES — 0.7% | |||||
Fiat Chrysler Automobiles NV (a) | 4,478 | 78,767 | |||
BANKS — 12.3% | |||||
Barclays PLC | 71,190 | 159,472 | |||
HSBC Holdings PLC | 83,014 | 725,088 | |||
Lloyds Banking Group PLC | 298,027 | 230,348 | |||
Royal Bank of Scotland Group PLC | 18,664 | 60,847 | |||
Standard Chartered PLC | 13,750 | 114,111 | |||
1,289,866 | |||||
BEVERAGES — 3.9% | |||||
Coca-Cola European Partners PLC | 930 | 42,287 | |||
Diageo PLC | 10,213 | 362,124 | |||
404,411 | |||||
CAPITAL MARKETS — 2.5% | |||||
3i Group PLC | 3,966 | 48,678 | |||
Hargreaves Lansdown PLC | 1,104 | 32,177 | |||
Investec PLC | 2,686 | 18,900 | |||
London Stock Exchange Group PLC | 1,434 | 85,759 | |||
Quilter PLC (b) | 7,854 | 13,755 | |||
Schroders PLC (c) | 681 | 27,485 | |||
Schroders PLC (c) | 202 | 6,717 | |||
St James's Place PLC | 2,167 | 32,328 | |||
265,799 | |||||
CHEMICALS — 0.7% | |||||
Croda International PLC | 542 | 36,767 | |||
Johnson Matthey PLC | 799 | 37,114 | |||
73,881 | |||||
COMMERCIAL SERVICES & SUPPLIES — 0.7% | |||||
Babcock International Group PLC | 2,074 | 19,554 | |||
G4S PLC | 6,402 | 20,203 | |||
Rentokil Initial PLC | 7,597 | 31,544 | |||
71,301 | |||||
CONTAINERS & PACKAGING — 0.3% | |||||
DS Smith PLC | 5,350 | 33,369 |
Security Description | Shares | Value | |||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | |||||
Standard Life Aberdeen PLC | 12,281 | $ 48,990 | |||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.0% | |||||
BT Group PLC | 35,239 | 103,533 | |||
ELECTRIC UTILITIES — 0.6% | |||||
SSE PLC | 4,071 | 60,839 | |||
ELECTRICAL EQUIPMENT — 0.7% | |||||
Melrose Industries PLC | 19,720 | 51,406 | |||
nVent Electric PLC | 700 | 19,012 | |||
70,418 | |||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3% | |||||
Halma PLC | 1,559 | 29,377 | |||
ENERGY EQUIPMENT & SERVICES — 0.7% | |||||
Subsea 7 SA | 1,063 | 15,717 | |||
TechnipFMC PLC | 1,800 | 56,250 | |||
71,967 | |||||
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 1.2% | |||||
British Land Co. PLC REIT | 3,832 | 30,822 | |||
Hammerson PLC REIT | 3,079 | 18,337 | |||
Intu Properties PLC REIT (d) | 3,603 | 7,241 | |||
Land Securities Group PLC REIT | 2,861 | 32,959 | |||
Segro PLC REIT | 4,070 | 33,851 | |||
123,210 | |||||
FOOD & STAPLES RETAILING — 1.8% | |||||
J Sainsbury PLC | 8,651 | 36,303 | |||
Tesco PLC | 40,354 | 126,192 | |||
Wm Morrison Supermarkets PLC | 9,438 | 31,926 | |||
194,421 | |||||
FOOD PRODUCTS — 0.4% | |||||
Associated British Foods PLC | 1,470 | 43,898 | |||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.8% | |||||
ConvaTec Group PLC (b) | 5,812 | 17,614 | |||
Smith & Nephew PLC | 3,607 | 65,828 | |||
83,442 | |||||
HEALTH CARE PROVIDERS & SERVICES — 0.3% | |||||
Mediclinic International PLC | 1,586 | 8,873 | |||
NMC Health PLC | 487 | 21,554 | |||
30,427 | |||||
HOTELS, RESTAURANTS & LEISURE — 2.9% | |||||
Carnival PLC | 734 | 45,600 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Compass Group PLC | 6,583 | $ 146,452 | |||
InterContinental Hotels Group PLC | 738 | 46,002 | |||
Merlin Entertainments PLC (b) | 2,909 | 15,189 | |||
Whitbread PLC | 757 | 46,565 | |||
299,808 | |||||
HOUSEHOLD DURABLES — 1.2% | |||||
Barratt Developments PLC | 4,171 | 30,840 | |||
Berkeley Group Holdings PLC | 515 | 24,708 | |||
Persimmon PLC | 1,282 | 39,538 | |||
Taylor Wimpey PLC | 13,507 | 30,260 | |||
125,346 | |||||
HOUSEHOLD PRODUCTS — 2.5% | |||||
Reckitt Benckiser Group PLC | 2,927 | 267,797 | |||
INDUSTRIAL CONGLOMERATES — 0.6% | |||||
DCC PLC | 355 | 32,244 | |||
Smiths Group PLC | 1,628 | 31,749 | |||
63,993 | |||||
INSURANCE — 5.3% | |||||
Admiral Group PLC | 902 | 24,466 | |||
Aviva PLC | 16,551 | 105,650 | |||
Direct Line Insurance Group PLC | 5,669 | 23,945 | |||
Legal & General Group PLC | 24,575 | 84,027 | |||
Old Mutual, Ltd. | 20,406 | 43,157 | |||
Prudential PLC | 10,759 | 246,863 | |||
RSA Insurance Group PLC | 4,239 | 31,785 | |||
559,893 | |||||
INTERACTIVE MEDIA & SERVICES — 0.2% | |||||
Auto Trader Group PLC (b) | 3,748 | 21,828 | |||
INTERNET & DIRECT MARKETING RETAIL — 0.1% | |||||
ASOS PLC (a) | 202 | 15,178 | |||
MACHINERY — 1.0% | |||||
CNH Industrial NV | 4,033 | 48,483 | |||
Pentair PLC | 700 | 30,345 | |||
Weir Group PLC | 1,000 | 22,990 | |||
101,818 | |||||
MEDIA — 3.6% | |||||
Informa PLC | 5,166 | 51,347 | |||
ITV PLC | 14,940 | 30,753 | |||
Liberty Global PLC Class A (a) | 800 | 23,144 | |||
Liberty Global PLC Class C (a) | 2,200 | 61,952 | |||
Pearson PLC | 3,221 | 37,383 | |||
Sky PLC | 4,316 | 97,313 | |||
WPP PLC | 4,987 | 73,130 | |||
375,022 | |||||
METALS & MINING — 5.8% | |||||
Anglo American PLC | 5,381 | 120,904 | |||
Antofagasta PLC | 1,428 | 15,922 |
Security Description | Shares | Value | |||
BHP Billiton PLC | 8,787 | $ 191,498 | |||
Evraz PLC | 1,376 | 10,167 | |||
Fresnillo PLC | 761 | 8,151 | |||
Randgold Resources, Ltd. | 366 | 26,012 | |||
Rio Tinto PLC | 4,698 | 237,705 | |||
610,359 | |||||
MULTI-UTILITIES — 1.8% | |||||
Centrica PLC | 23,291 | 47,047 | |||
National Grid PLC | 13,959 | 144,060 | |||
191,107 | |||||
MULTILINE RETAIL — 0.6% | |||||
Marks & Spencer Group PLC | 6,705 | 25,252 | |||
Next PLC | 554 | 39,691 | |||
64,943 | |||||
OIL, GAS & CONSUMABLE FUELS — 17.5% | |||||
BP PLC | 82,940 | 637,374 | |||
Royal Dutch Shell PLC Class A | 19,110 | 657,026 | |||
Royal Dutch Shell PLC Class B | 15,486 | 543,031 | |||
1,837,431 | |||||
PAPER & FOREST PRODUCTS — 0.4% | |||||
Mondi PLC | 1,516 | 41,595 | |||
PERSONAL PRODUCTS — 2.5% | |||||
Unilever PLC | 4,725 | 259,774 | |||
PHARMACEUTICALS — 8.0% | |||||
AstraZeneca PLC | 5,259 | 408,942 | |||
GlaxoSmithKline PLC | 20,585 | 412,537 | |||
Hikma Pharmaceuticals PLC | 568 | 13,703 | |||
835,182 | |||||
PROFESSIONAL SERVICES — 2.2% | |||||
Experian PLC | 3,816 | 98,057 | |||
Intertek Group PLC | 664 | 43,225 | |||
RELX PLC | 4,321 | 91,059 | |||
232,341 | |||||
SOFTWARE — 0.6% | |||||
Micro Focus International PLC | 1,798 | 33,517 | |||
Sage Group PLC | 4,245 | 32,461 | |||
65,978 | |||||
SPECIALTY RETAIL — 0.4% | |||||
JD Sports Fashion PLC | 1,672 | 10,010 | |||
Kingfisher PLC | 8,804 | 29,621 | |||
39,631 | |||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | |||||
Burberry Group PLC | 1,720 | 45,196 | |||
TOBACCO — 5.6% | |||||
British American Tobacco PLC | 9,519 | 444,953 | |||
Imperial Brands PLC | 3,971 | 138,314 | |||
583,267 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
TRADING COMPANIES & DISTRIBUTORS — 1.0% | ||||||
Ashtead Group PLC | 2,014 | $ 64,004 | ||||
Bunzl PLC | 1,386 | 43,613 | ||||
107,617 | ||||||
WATER UTILITIES — 0.5% | ||||||
Severn Trent PLC | 977 | 23,557 | ||||
United Utilities Group PLC | 2,814 | 25,834 | ||||
49,391 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.3% | ||||||
Vodafone Group PLC | 110,876 | 237,847 | ||||
TOTAL COMMON STOCKS (Cost $10,803,605) | 10,417,981 |
SHORT-TERM INVESTMENT — 0.2% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e) (f) (Cost $19,148) | 19,148 | 19,148 | |
TOTAL INVESTMENTS — 99.5% (Cost $10,822,753) | 10,437,129 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.5% | 51,949 | ||
NET ASSETS — 100.0% | $ 10,489,078 |
(a) | Non-income producing security. |
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.7% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(d) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Aerospace & Defense | $ 209,508 | $— | $— | $ 209,508 | ||||
Air Freight & Logistics | 22,852 | — | — | 22,852 | ||||
Airlines | 75,363 | — | — | 75,363 | ||||
Automobiles | 78,767 | — | — | 78,767 | ||||
Banks | 1,289,866 | — | — | 1,289,866 | ||||
Beverages | 404,411 | — | — | 404,411 | ||||
Capital Markets | 265,799 | — | — | 265,799 | ||||
Chemicals | 73,881 | — | — | 73,881 | ||||
Commercial Services & Supplies | 71,301 | — | — | 71,301 | ||||
Containers & Packaging | 33,369 | — | — | 33,369 | ||||
Diversified Financial Services | 48,990 | — | — | 48,990 | ||||
Diversified Telecommunication Services | 103,533 | — | — | 103,533 | ||||
Electric Utilities | 60,839 | — | — | 60,839 | ||||
Electrical Equipment | 70,418 | — | — | 70,418 | ||||
Electronic Equipment, Instruments & Components | 29,377 | — | — | 29,377 | ||||
Energy Equipment & Services | 71,967 | — | — | 71,967 | ||||
Equity Real Estate Investment Trusts (REITs) | 123,210 | — | — | 123,210 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Food & Staples Retailing | $ 194,421 | $— | $— | $ 194,421 | ||||
Food Products | 43,898 | — | — | 43,898 | ||||
Health Care Equipment & Supplies | 83,442 | — | — | 83,442 | ||||
Health Care Providers & Services | 30,427 | — | — | 30,427 | ||||
Hotels, Restaurants & Leisure | 299,808 | — | — | 299,808 | ||||
Household Durables | 125,346 | — | — | 125,346 | ||||
Household Products | 267,797 | — | — | 267,797 | ||||
Industrial Conglomerates | 63,993 | — | — | 63,993 | ||||
Insurance | 559,893 | — | — | 559,893 | ||||
Interactive Media & Services | 21,828 | — | — | 21,828 | ||||
Internet & Direct Marketing Retail | 15,178 | — | — | 15,178 | ||||
Machinery | 101,818 | — | — | 101,818 | ||||
Media | 375,022 | — | — | 375,022 | ||||
Metals & Mining | 610,359 | — | — | 610,359 | ||||
Multi-Utilities | 191,107 | — | — | 191,107 | ||||
Multiline Retail | 64,943 | — | — | 64,943 | ||||
Oil, Gas & Consumable Fuels | 1,837,431 | — | — | 1,837,431 | ||||
Paper & Forest Products | 41,595 | — | — | 41,595 | ||||
Personal Products | 259,774 | — | — | 259,774 | ||||
Pharmaceuticals | 835,182 | — | — | 835,182 | ||||
Professional Services | 232,341 | — | — | 232,341 | ||||
Software | 65,978 | — | — | 65,978 | ||||
Specialty Retail | 39,631 | — | — | 39,631 | ||||
Textiles, Apparel & Luxury Goods | 45,196 | — | — | 45,196 | ||||
Tobacco | 583,267 | — | — | 583,267 | ||||
Trading Companies & Distributors | 107,617 | — | — | 107,617 | ||||
Water Utilities | 49,391 | — | — | 49,391 | ||||
Wireless Telecommunication Services | 237,847 | — | — | 237,847 | ||||
Short-Term Investment | 19,148 | — | — | 19,148 | ||||
TOTAL INVESTMENTS | $10,437,129 | $— | $— | $10,437,129 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,793 | $1,793 | $ 595,547 | $ 578,192 | $— | $— | 19,148 | $19,148 | $138 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | — | — | 3,963,811 | 3,963,811 | — | — | — | — | 337 | — | |||||||||
Total | $1,793 | $4,559,358 | $4,542,003 | $— | $— | $19,148 | $475 | $— |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS - 99.6% | |||||
AUSTRALIA – 1.4% | |||||
Other Securities | 41,762 | $ 430,426 | |||
AUSTRIA – 0.0% (a) | |||||
Other Securities | 280 | 12,975 | |||
BELGIUM – 0.3% | |||||
Other Securities | 1,914 | 104,139 | |||
BERMUDA – 0.1% | |||||
Other Security | 200 | 26,716 | |||
CANADA – 3.1% | |||||
Other Securities | 24,666 | 990,110 | |||
CHINA – 0.1% | |||||
Other Securities | 4,500 | 20,141 | |||
DENMARK – 1.2% | |||||
Novo Nordisk A/S Class B | 2,597 | 122,319 | |||
Other Securities | 4,209 | 240,820 | |||
363,139 | |||||
FINLAND – 0.4% | |||||
Other Securities | 4,086 | 113,678 | |||
FRANCE – 2.7% | |||||
Other Securities | 14,943 | 847,590 | |||
GERMANY – 2.2% | |||||
Other Securities | 13,766 | 684,157 | |||
HONG KONG – 2.0% | |||||
Other Securities | 126,979 | 621,839 | |||
IRELAND – 1.0% | |||||
Accenture PLC Class A | 1,237 | 210,537 | |||
Other Securities | 3,114 | 96,824 | |||
307,361 | |||||
ISRAEL – 0.3% | |||||
Other Securities | 5,974 | 98,017 | |||
ITALY – 0.7% | |||||
Other Securities | 45,055 | 220,260 | |||
JAPAN – 9.9% | |||||
NTT DOCOMO, Inc. | 4,968 | 133,620 | |||
Other Securities | 137,519 | 2,967,418 | |||
3,101,038 | |||||
LUXEMBOURG – 0.1% | |||||
Other Securities | 517 | 21,954 | |||
MEXICO – 0.0% (a) | |||||
Other Security | 20 | 214 | |||
NETHERLANDS – 1.0% | |||||
Other Securities | 10,830 | 318,605 | |||
NEW ZEALAND – 0.1% | |||||
Other Securities | 8,769 | 43,230 | |||
NORWAY – 0.1% | |||||
Other Securities | 1,140 | 23,569 | |||
PORTUGAL – 0.0% (a) | |||||
Other Securities | 1,792 | 15,427 |
Security Description | Shares | Value | |||
SINGAPORE – 0.7% | |||||
Other Securities | 76,076 | $ 219,071 | |||
SOUTH AFRICA – 0.0% (a) | |||||
Other Security | 275 | 1,935 | |||
SPAIN – 0.9% | |||||
Other Securities | 29,903 | 290,315 | |||
SWEDEN – 0.6% | |||||
Other Securities | 11,190 | 185,495 | |||
SWITZERLAND – 4.0% | |||||
Nestle SA | 1,827 | 153,036 | |||
Roche Holding AG | 1,223 | 297,674 | |||
Other Securities | 11,986 | 815,414 | |||
1,266,124 | |||||
UNITED KINGDOM – 5.1% | |||||
AstraZeneca PLC | 1,693 | 131,649 | |||
Other Securities | 166,147 | 1,479,819 | |||
1,611,468 | |||||
UNITED STATES – 61.6% | |||||
3M Co. | 778 | 163,932 | |||
Adobe Systems, Inc. (b) | 485 | 130,926 | |||
Alphabet, Inc. Class A (b) | 254 | 306,598 | |||
Alphabet, Inc. Class C (b) | 274 | 327,011 | |||
Altria Group, Inc. | 3,619 | 218,262 | |||
Amgen, Inc. | 793 | 164,381 | |||
Apple, Inc. | 3,647 | 823,274 | |||
AT&T, Inc. | 5,708 | 191,675 | |||
Automatic Data Processing, Inc. | 976 | 147,044 | |||
Berkshire Hathaway, Inc. Class B (b) | 653 | 139,814 | |||
Booking Holdings, Inc. (b) | 65 | 128,960 | |||
Bristol-Myers Squibb Co. | 1,971 | 122,360 | |||
Coca-Cola Co. | 2,491 | 115,059 | |||
Consolidated Edison, Inc. | 1,583 | 120,609 | |||
Costco Wholesale Corp. | 592 | 139,049 | |||
Eli Lilly & Co. | 1,928 | 206,894 | |||
Exxon Mobil Corp. | 2,266 | 192,655 | |||
Facebook, Inc. Class A (b) | 2,703 | 444,535 | |||
Gilead Sciences, Inc. | 1,712 | 132,184 | |||
Honeywell International, Inc. | 813 | 135,283 | |||
Intel Corp. | 5,593 | 264,493 | |||
International Business Machines Corp. | 1,311 | 198,236 | |||
Johnson & Johnson | 4,021 | 555,582 | |||
JPMorgan Chase & Co. | 1,245 | 140,486 | |||
Lockheed Martin Corp. | 383 | 132,503 | |||
Mastercard, Inc. Class A | 1,333 | 296,739 | |||
McDonald's Corp. | 868 | 145,208 | |||
Microsoft Corp. | 5,969 | 682,675 | |||
NIKE, Inc. Class B | 1,812 | 153,513 | |||
Northrop Grumman Corp. | 479 | 152,020 | |||
NVIDIA Corp. | 756 | 212,451 | |||
PepsiCo, Inc. | 1,284 | 143,551 | |||
Pfizer, Inc. | 3,123 | 137,631 | |||
Procter & Gamble Co. | 3,902 | 324,763 | |||
Raytheon Co. | 766 | 158,302 | |||
Starbucks Corp. | 2,220 | 126,185 | |||
State Street Corp. (c) | 80 | 6,702 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Texas Instruments, Inc. | 1,349 | $ 144,734 | |||
TJX Cos., Inc. | 1,827 | 204,661 | |||
Union Pacific Corp. | 738 | 120,169 | |||
UnitedHealth Group, Inc. | 505 | 134,350 | |||
Verizon Communications, Inc. | 3,175 | 169,513 | |||
Visa, Inc. Class A | 2,670 | 400,740 | |||
Walmart, Inc. | 1,455 | 136,639 | |||
Walt Disney Co. | 1,900 | 222,186 | |||
Other Securities | 134,553 | 9,679,655 | |||
19,394,192 | |||||
TOTAL COMMON STOCKS (Cost $28,629,034) | 31,333,185 | ||||
SHORT-TERM INVESTMENTS - 1.0% | |||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (d)(e) | 18,931 | 18,931 | |||
State Street Navigator Securities Lending Government Money Market Portfolio (d)(f) | 298,707 | 298,707 | |||
TOTAL SHORT-TERM INVESTMENTS (Cost $317,638) | 317,638 | ||||
TOTAL INVESTMENTS - 100.6% (Cost $28,946,672) | 31,650,823 | ||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.6)% | (182,761) | ||||
NET ASSETS - 100.0% | $ 31,468,062 |
The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed below may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund's website at www.spdrs.com, without charge, upon request by calling 1-866-787-2257 (toll-free) and on the SEC's website at www.sec.gov. | |
(a) | Amount shown represents less than 0.05% of net assets. |
(b) | Non-income producing security. |
(c) | The Fund invested in an affiliated entity, State Street Corp. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(e) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(f) | Investment of cash collateral for securities loaned. |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 430,426 | $— | $— | $ 430,426 | ||||
Austria | 12,975 | — | — | 12,975 | ||||
Belgium | 104,139 | — | — | 104,139 | ||||
Bermuda | 26,716 | — | — | 26,716 | ||||
Canada | 990,110 | — | — | 990,110 | ||||
China | 20,141 | — | — | 20,141 | ||||
Denmark | 363,139 | — | — | 363,139 | ||||
Finland | 113,678 | — | — | 113,678 | ||||
France | 847,590 | — | — | 847,590 | ||||
Germany | 684,157 | — | — | 684,157 | ||||
Hong Kong | 621,839 | — | — | 621,839 | ||||
Ireland | 307,361 | — | — | 307,361 | ||||
Israel | 98,017 | — | — | 98,017 | ||||
Italy | 220,260 | — | — | 220,260 | ||||
Japan | 3,101,038 | — | — | 3,101,038 | ||||
Luxembourg | 21,954 | — | — | 21,954 |
Table of Contents
SUMMARY SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Mexico | $ 214 | $— | $— | $ 214 | ||||
Netherlands | 318,605 | — | — | 318,605 | ||||
New Zealand | 43,230 | — | — | 43,230 | ||||
Norway | 23,569 | — | — | 23,569 | ||||
Portugal | 15,427 | — | — | 15,427 | ||||
Singapore | 219,071 | — | — | 219,071 | ||||
South Africa | 1,935 | — | — | 1,935 | ||||
Spain | 290,315 | — | — | 290,315 | ||||
Sweden | 185,495 | — | — | 185,495 | ||||
Switzerland | 1,266,124 | — | — | 1,266,124 | ||||
United Kingdom | 1,611,468 | — | — | 1,611,468 | ||||
United States | 19,394,192 | — | — | 19,394,192 | ||||
Short-Term Investments | 317,638 | — | — | 317,638 | ||||
TOTAL INVESTMENTS | $31,650,823 | $— | $— | $31,650,823 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Corp. | 108 | $ 10,318 | $ 7,073 | $ 9,611 | $1,725 | $(2,803) | 80 | $ 6,702 | $ 177 | $— | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 4,411,701 | 4,411,701 | 1,536,892 | 5,929,662 | — | — | 18,931 | 18,931 | 549 | — | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 24,983 | 24,983 | 3,529,840 | 3,256,116 | — | — | 298,707 | 298,707 | 2,365 | — | |||||||||
Total | $4,447,002 | $5,073,805 | $9,195,389 | $1,725 | $(2,803) | $324,340 | $3,091 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.9% | |||||
CHINA — 44.4% | |||||
21Vianet Group, Inc. ADR (a) | 9,615 | $ 97,112 | |||
3SBio, Inc. (b)(c) | 45,000 | 75,682 | |||
500.com, Ltd. Class A, ADR (a)(c) | 1,751 | 19,366 | |||
51job, Inc. ADR (a) | 2,863 | 220,422 | |||
58.com, Inc. ADR (a) | 7,120 | 524,032 | |||
AAC Technologies Holdings, Inc. | 83,000 | 862,362 | |||
Agile Group Holdings, Ltd. | 433,598 | 612,863 | |||
Agricultural Bank of China, Ltd. Class H | 2,868,000 | 1,407,445 | |||
Air China, Ltd. Class H | 409,414 | 395,554 | |||
Alibaba Group Holding, Ltd. ADR (a) | 143,778 | 23,688,863 | |||
Aluminum Corp. of China, Ltd. Class H (a) | 736,304 | 327,460 | |||
Angang Steel Co., Ltd. Class H | 421,244 | 376,837 | |||
Anhui Conch Cement Co., Ltd. Class H | 250,750 | 1,514,133 | |||
Anhui Expressway Co., Ltd. Class H | 32,000 | 19,425 | |||
ANTA Sports Products, Ltd. | 114,000 | 547,061 | |||
Autohome, Inc. ADR (c) | 5,166 | 399,900 | |||
AVIC International Holding HK, Ltd. (a)(c) | 914,621 | 25,949 | |||
AviChina Industry & Technology Co., Ltd. Class H | 466,000 | 307,296 | |||
BAIC Motor Corp., Ltd. Class H (b) | 210,500 | 168,671 | |||
Baidu, Inc. ADR (a) | 34,022 | 7,780,151 | |||
Bank of China, Ltd. Class H | 9,668,466 | 4,299,897 | |||
Bank of Communications Co., Ltd. Class H | 2,638,630 | 1,979,419 | |||
Baozun, Inc. ADR (a)(c) | 1,468 | 71,315 | |||
BBMG Corp. Class H (c) | 257,000 | 88,022 | |||
BeiGene, Ltd. ADR (a) | 4,715 | 812,017 | |||
Beijing Capital International Airport Co., Ltd. Class H | 114,000 | 138,550 | |||
Beijing Capital Land, Ltd. Class H | 126,000 | 46,214 | |||
Beijing Enterprises Clean Energy Group, Ltd. (a)(c) | 2,110,400 | 38,028 | |||
Beijing Enterprises Holdings, Ltd. | 80,000 | 448,824 | |||
Beijing Enterprises Water Group, Ltd. (a) | 472,000 | 251,536 | |||
Bitauto Holdings, Ltd. ADR (a) | 2,683 | 61,709 | |||
Boyaa Interactive International, Ltd. (a) | 100,200 | 24,074 | |||
Brilliance China Automotive Holdings, Ltd. | 406,000 | 656,872 | |||
BYD Co., Ltd. Class H (c) | 97,800 | 702,419 | |||
BYD Electronic International Co., Ltd. (c) | 117,000 | 172,250 | |||
C.banner International Holdings, Ltd. (a)(c) | 192,000 | 13,495 | |||
CAR, Inc. (a)(c) | 189,043 | 149,545 | |||
CGN Power Co., Ltd. Class H (b) | 1,352,000 | 321,374 | |||
China Aerospace International Holdings, Ltd. | 324,000 | 26,086 |
Security Description | Shares | Value | |||
China Agri-Industries Holdings, Ltd. | 283,000 | $ 109,223 | |||
China Animal Healthcare, Ltd. (a)(c)(d) | 305,700 | — | |||
China Biologic Products Holdings, Inc. (a)(c) | 2,012 | 160,960 | |||
China Cinda Asset Management Co., Ltd. Class H | 1,152,600 | 291,652 | |||
China CITIC Bank Corp., Ltd. Class H | 1,395,341 | 893,386 | |||
China Coal Energy Co., Ltd. Class H | 686,000 | 289,307 | |||
China Communications Construction Co., Ltd. Class H | 620,000 | 633,874 | |||
China Conch Venture Holdings, Ltd. | 155,100 | 541,123 | |||
China Construction Bank Corp. Class H | 11,166,148 | 9,760,694 | |||
China Dongxiang Group Co., Ltd. | 506,000 | 84,712 | |||
China Eastern Airlines Corp., Ltd. Class H (c) | 198,000 | 127,025 | |||
China Everbright International, Ltd. | 414,000 | 357,658 | |||
China Everbright, Ltd. | 124,000 | 222,173 | |||
China Evergrande Group | 577,000 | 1,618,570 | |||
China Fangda Group Co., Ltd. Class B | 122,150 | 59,788 | |||
China Galaxy Securities Co., Ltd. Class H | 368,600 | 171,937 | |||
China Harmony New Energy Auto Holding, Ltd. (c) | 74,500 | 31,038 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(c)(d) | 549,000 | — | |||
China Huiyuan Juice Group, Ltd. (a)(c)(e) | 157,000 | 40,530 | |||
China International Marine Containers Group Co., Ltd. Class H | 88,000 | 93,343 | |||
China Lesso Group Holdings, Ltd. | 144,000 | 81,708 | |||
China Life Insurance Co., Ltd. Class H | 991,708 | 2,253,392 | |||
China Lilang, Ltd. | 87,000 | 81,386 | |||
China Literature, Ltd. (a)(b) | 11,600 | 72,936 | |||
China Longyuan Power Group Corp., Ltd. Class H | 508,000 | 427,180 | |||
China Machinery Engineering Corp. Class H | 90,000 | 44,052 | |||
China Medical System Holdings, Ltd. | 169,000 | 234,983 | |||
China Mengniu Dairy Co., Ltd. (a) | 412,780 | 1,374,193 | |||
China Merchants Bank Co., Ltd. Class H | 655,260 | 2,662,944 | |||
China Merchants Port Holdings Co., Ltd. | 399,606 | 765,006 | |||
China Minsheng Banking Corp., Ltd. Class H (c) | 1,097,720 | 815,059 | |||
China Mobile, Ltd. | 738,636 | 7,282,619 | |||
China Molybdenum Co., Ltd. Class H (c) | 429,000 | 179,826 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
China National Building Material Co., Ltd. Class H | 408,000 | $ 362,382 | |||
China Nuclear Energy Technology Corp., Ltd. (a) | 108,000 | 10,352 | |||
China Oilfield Services, Ltd. Class H | 298,557 | 323,934 | |||
China Overseas Land & Investment, Ltd. | 725,084 | 2,270,260 | |||
China Overseas Property Holdings, Ltd. | 262,361 | 75,440 | |||
China Pacific Insurance Group Co., Ltd. Class H | 306,200 | 1,181,771 | |||
China Petroleum & Chemical Corp. Class H | 3,331,726 | 3,338,155 | |||
China Power International Development, Ltd. | 285,000 | 63,375 | |||
China Railway Construction Corp., Ltd. Class H | 254,500 | 343,457 | |||
China Railway Group, Ltd. Class H | 643,000 | 637,667 | |||
China Resources Beer Holdings Co., Ltd. | 311,357 | 1,251,413 | |||
China Resources Gas Group, Ltd. | 92,000 | 374,471 | |||
China Resources Land, Ltd. | 448,767 | 1,571,421 | |||
China Resources Phoenix Healthcare Holdings Co., Ltd. (c) | 75,500 | 68,699 | |||
China Resources Power Holdings Co., Ltd. | 328,437 | 580,911 | |||
China Shengmu Organic Milk, Ltd. (a)(b)(c) | 357,000 | 17,793 | |||
China Shenhua Energy Co., Ltd. Class H | 499,540 | 1,141,456 | |||
China Silver Group, Ltd. (a) | 92,000 | 13,168 | |||
China Singyes Solar Technologies Holdings, Ltd. (c) | 75,600 | 26,183 | |||
China South City Holdings, Ltd. | 410,000 | 67,068 | |||
China Southern Airlines Co., Ltd. Class H | 238,000 | 152,383 | |||
China Taiping Insurance Holdings Co., Ltd. | 126,141 | 442,507 | |||
China Telecom Corp., Ltd. Class H | 2,305,320 | 1,146,046 | |||
China Travel International Investment Hong Kong, Ltd. | 274,000 | 88,241 | |||
China Unicom Hong Kong, Ltd. | 792,172 | 933,408 | |||
China Vanke Co., Ltd. Class H | 144,500 | 478,287 | |||
China Yurun Food Group, Ltd. (a)(c) | 205,659 | 20,763 | |||
Chinasoft International, Ltd. (a) | 204,000 | 136,089 | |||
Chlitina Holding, Ltd. | 45,000 | 340,451 | |||
Chong Sing Holdings FinTech Group (a)(c) | 2,260,000 | 121,305 | |||
Chongqing Changan Automobile Co., Ltd. Class B | 97,600 | 78,829 | |||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 207,000 | 113,223 | |||
CIMC-TianDa Holdings Co., Ltd. (a) | 434,227 | 16,648 |
Security Description | Shares | Value | |||
CITIC Resources Holdings, Ltd. (c) | 362,000 | $ 35,622 | |||
CITIC Securities Co., Ltd. Class H | 219,500 | 390,477 | |||
CITIC Telecom International Holdings, Ltd. | 206,000 | 70,291 | |||
CITIC, Ltd. | 623,000 | 928,342 | |||
CNOOC, Ltd. | 2,020,249 | 4,001,822 | |||
Cogobuy Group (b)(c) | 72,000 | 27,052 | |||
Colour Life Services Group Co., Ltd. (a)(c) | 91,000 | 52,449 | |||
Consun Pharmaceutical Group, Ltd. | 182,400 | 145,456 | |||
Coolpad Group, Ltd. (a)(d) | 437,400 | — | |||
COSCO SHIPPING Development Co., Ltd. Class H (a) | 1,286,339 | 174,254 | |||
COSCO SHIPPING Energy Transportation Co., Ltd. Class H | 607,215 | 301,865 | |||
COSCO SHIPPING Holdings Co., Ltd. Class H (a)(c) | 27,000 | 11,214 | |||
COSCO SHIPPING Ports, Ltd. | 37,562 | 41,331 | |||
Cosmo Lady China Holdings Co., Ltd. (b)(c) | 102,000 | 44,711 | |||
Country Garden Holdings Co., Ltd. | 757,333 | 955,268 | |||
Country Garden Services Holdings Co., Ltd. (a) | 92,865 | 157,843 | |||
CRRC Corp., Ltd. Class H | 521,000 | 476,064 | |||
CSG Holding Co., Ltd. Class B | 149,500 | 57,508 | |||
CSPC Pharmaceutical Group, Ltd. | 436,000 | 926,059 | |||
CT Environmental Group, Ltd. (c) | 438,000 | 50,937 | |||
Ctrip.com International, Ltd. ADR (a) | 38,689 | 1,438,070 | |||
Datang International Power Generation Co., Ltd. Class H | 386,000 | 97,673 | |||
Dazhong Transportation Group Co., Ltd. Class B | 108,050 | 47,974 | |||
Dongfang Electric Corp., Ltd. Class H (a) | 14,000 | 8,284 | |||
Dongfeng Motor Group Co., Ltd. Class H | 496,468 | 511,384 | |||
Fang Holdings, Ltd. ADR (a) | 27,250 | 70,578 | |||
Fanhua, Inc. ADR (c) | 8,759 | 236,668 | |||
Far East Horizon, Ltd. | 158,000 | 150,430 | |||
FIH Mobile, Ltd. (a)(c) | 331,000 | 38,071 | |||
First Tractor Co., Ltd. Class H (a)(c) | 76,000 | 22,242 | |||
Fufeng Group, Ltd. (a)(c) | 116,000 | 56,481 | |||
GDS Holdings, Ltd. ADR (a)(c) | 3,817 | 134,091 | |||
Geely Automobile Holdings, Ltd. | 611,000 | 1,218,111 | |||
Genscript Biotech Corp. (a) | 70,000 | 118,264 | |||
GF Securities Co., Ltd. Class H | 112,800 | 144,732 | |||
Golden Eagle Retail Group, Ltd. | 96,000 | 104,405 | |||
GOME Retail Holdings, Ltd. (a)(c) | 1,619,322 | 165,556 | |||
Goodbaby International Holdings, Ltd. | 261,000 | 104,401 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Great Wall Motor Co., Ltd. Class H (c) | 370,000 | $ 235,952 | |||
Greentown China Holdings, Ltd. | 106,500 | 99,492 | |||
Guangdong Investment, Ltd. | 364,000 | 646,603 | |||
Guangshen Railway Co., Ltd. Class H | 74,500 | 33,323 | |||
Guangzhou Automobile Group Co., Ltd. Class H | 660,844 | 732,216 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H | 94,000 | 335,161 | |||
Guangzhou R&F Properties Co., Ltd. Class H | 401,776 | 738,353 | |||
Guotai Junan International Holdings, Ltd. (c) | 288,000 | 50,424 | |||
Haitian International Holdings, Ltd. | 73,000 | 162,515 | |||
Haitong Securities Co., Ltd. Class H | 346,400 | 315,195 | |||
Health and Happiness H&H International Holdings, Ltd. (a) | 25,500 | 153,165 | |||
Hengan International Group Co., Ltd. | 90,500 | 835,039 | |||
HNA Holding Group Co., Ltd. (a) | 463,400 | 11,548 | |||
Hua Hong Semiconductor, Ltd. (b) | 33,000 | 71,104 | |||
Huadian Fuxin Energy Corp., Ltd. Class H | 236,000 | 47,653 | |||
Huadian Power International Corp., Ltd. Class H | 236,000 | 92,290 | |||
Huaneng Power International, Inc. Class H | 624,472 | 411,000 | |||
Huaneng Renewables Corp., Ltd. Class H | 410,000 | 122,085 | |||
Huatai Securities Co., Ltd. Class H (a)(b) | 75,400 | 108,115 | |||
Huazhu Group, Ltd. ADR | 16,596 | 536,051 | |||
Huishang Bank Corp., Ltd. Class H | 757,000 | 328,924 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 10,020,138 | 7,324,718 | |||
Inner Mongolia Yitai Coal Co., Ltd. Class B | 209,581 | 251,497 | |||
iQIYI, Inc. ADR (a)(c) | 12,724 | 344,439 | |||
JD.com, Inc. ADR (a) | 103,452 | 2,699,063 | |||
Jiangsu Expressway Co., Ltd. Class H | 380,299 | 487,955 | |||
Jiangxi Copper Co., Ltd. Class H | 279,578 | 326,208 | |||
JinkoSolar Holding Co., Ltd. ADR (a)(c) | 3,361 | 36,198 | |||
Joy City Property, Ltd. | 474,000 | 57,547 | |||
Jumei International Holding, Ltd. ADR (a)(c) | 2,583 | 5,502 | |||
Kama Co., Ltd. Class B (a) | 120,649 | 71,786 | |||
Kangda International Environmental Co., Ltd. (a)(b) | 240,000 | 32,205 | |||
Kingdee International Software Group Co., Ltd. (c) | 246,000 | 267,853 | |||
Kingsoft Corp., Ltd. | 107,000 | 204,021 | |||
Konka Group Co., Ltd. Class B | 365,800 | 129,025 |
Security Description | Shares | Value | |||
Kunlun Energy Co., Ltd. | 426,000 | $ 495,963 | |||
KWG Group Holdings, Ltd. | 178,951 | 163,745 | |||
Lao Feng Xiang Co., Ltd. Class B | 60,079 | 195,557 | |||
Launch Tech Co., Ltd. Class H | 26,500 | 28,109 | |||
Lenovo Group, Ltd. (c) | 1,059,703 | 774,643 | |||
LexinFintech Holdings, Ltd. ADR (a) | 6,949 | 69,004 | |||
Leyou Technologies Holdings, Ltd. (a) | 240,800 | 78,473 | |||
Li Ning Co., Ltd. (a) | 307,874 | 291,156 | |||
Lifetech Scientific Corp. (a) | 284,000 | 70,048 | |||
Livzon Pharmaceutical Group, Inc. Class H | 32,975 | 113,360 | |||
Luoyang Glass Co., Ltd. Class H (a)(c) | 64,153 | 20,496 | |||
Luthai Textile Co., Ltd. Class B | 50,400 | 59,901 | |||
Luye Pharma Group, Ltd. (b)(c) | 213,000 | 191,090 | |||
Maanshan Iron & Steel Co., Ltd. Class H | 752,971 | 404,156 | |||
Metallurgical Corp. of China, Ltd. Class H | 454,000 | 127,644 | |||
Minth Group, Ltd. | 92,000 | 379,762 | |||
Momo, Inc. ADR (a) | 13,703 | 600,191 | |||
National Agricultural Holdings, Ltd. (a)(c)(d) | 112,000 | 8,516 | |||
NetEase, Inc. ADR | 10,979 | 2,505,957 | |||
New China Life Insurance Co., Ltd. Class H | 81,600 | 391,581 | |||
New Oriental Education & Technology Group, Inc. ADR (a) | 14,791 | 1,094,682 | |||
Noah Holdings, Ltd. ADR (a)(c) | 2,626 | 110,660 | |||
People's Insurance Co. Group of China, Ltd. Class H | 575,000 | 258,661 | |||
PetroChina Co., Ltd. Class H | 2,637,208 | 2,136,756 | |||
PICC Property & Casualty Co., Ltd. Class H | 868,433 | 1,025,485 | |||
Ping An Healthcare and Technology Co., Ltd. (a)(b) | 19,800 | 132,339 | |||
Ping An Insurance Group Co. of China, Ltd. Class H (c) | 628,228 | 6,382,718 | |||
Poly Culture Group Corp., Ltd. Class H | 33,800 | 42,677 | |||
Poly Property Group Co., Ltd. | 293,000 | 103,347 | |||
Qudian, Inc. ADR (a) | 12,822 | 66,803 | |||
Renhe Commercial Holdings Co., Ltd. (a)(c) | 2,172,000 | 73,558 | |||
Semiconductor Manufacturing International Corp. (a)(c) | 608,383 | 656,207 | |||
Seven Stars Cloud Group, Inc. (a) | 13,801 | 52,306 | |||
Shandong Airlines Co., Ltd. Class B | 24,300 | 38,756 | |||
Shandong Chenming Paper Holdings, Ltd. Class H (c) | 77,350 | 47,053 | |||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 236,000 | 233,138 | |||
Shang Gong Group Co., Ltd. Class B (a) | 164,200 | 112,477 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Shanghai Baosight Software Co., Ltd. Class B | 38,500 | $ 70,032 | |||
Shanghai Electric Group Co., Ltd. Class H (c) | 478,418 | 170,582 | |||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 39,000 | 153,759 | |||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H | 199,000 | 101,981 | |||
Shanghai Haixin Group Co. Class B | 96,000 | 47,040 | |||
Shanghai Highly Group Co., Ltd. Class B | 148,700 | 147,808 | |||
Shanghai Jinjiang International Industrial Investment Co., Ltd. Class B | 14,100 | 14,509 | |||
Shanghai Jinjiang International Travel Co., Ltd. Class B | 30,074 | 62,734 | |||
Shanghai Jinqiao Export Processing Zone Development Co., Ltd. Class B | 42,400 | 50,117 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 160,753 | 220,232 | |||
Shanghai Mechanical and Electrical Industry Co., Ltd. Class B | 54,684 | 96,353 | |||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 72,600 | 181,479 | |||
Shanghai Prime Machinery Co., Ltd. Class H (a) | 636,000 | 91,845 | |||
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class B | 10,800 | 14,753 | |||
Shanghai Zhenhua Heavy Industries Co., Ltd. Class B | 139,800 | 54,941 | |||
Shenzhen Expressway Co., Ltd. Class H | 29,000 | 29,130 | |||
Shenzhen Investment, Ltd. | 342,888 | 109,550 | |||
Shenzhou International Group Holdings, Ltd. | 56,000 | 718,527 | |||
SINA Corp. (a) | 10,521 | 730,999 | |||
Sino-Ocean Group Holding, Ltd. | 877,711 | 386,983 | |||
Sinopec Oilfield Service Corp. Class H (a)(c) | 202,000 | 27,622 | |||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 634,878 | 387,828 | |||
Sinopharm Group Co., Ltd. Class H | 124,400 | 608,892 | |||
Sinotrans, Ltd. Class H | 250,000 | 101,918 | |||
Sinotruk Hong Kong, Ltd. | 35,500 | 77,307 | |||
SITC International Holdings Co., Ltd. | 205,000 | 165,574 | |||
Sohu.com, Ltd. ADR (a)(c) | 4,210 | 83,695 | |||
Sun King Power Electronics Group | 163,300 | 28,800 | |||
Sunac China Holdings, Ltd. (c) | 295,000 | 908,574 | |||
Sunny Optical Technology Group Co., Ltd. | 98,300 | 1,134,390 | |||
TAL Education Group ADR (a) | 39,315 | 1,010,789 |
Security Description | Shares | Value | |||
TCL Electronics Holdings, Ltd. | 144,000 | $ 68,458 | |||
Tencent Holdings, Ltd. | 664,270 | 27,437,036 | |||
Tian Ge Interactive Holdings, Ltd. (b) | 89,000 | 55,050 | |||
Tianjin ZhongXin Pharmaceutical Group Corp., Ltd. | 35,945 | 35,226 | |||
Tianneng Power International, Ltd. | 102,000 | 90,074 | |||
Tingyi Cayman Islands Holding Corp. | 410,383 | 754,170 | |||
Tong Ren Tang Technologies Co., Ltd. Class H | 146,000 | 213,825 | |||
TravelSky Technology, Ltd. Class H | 104,000 | 270,470 | |||
Tsingtao Brewery Co., Ltd. Class H | 92,000 | 432,670 | |||
Uni-President China Holdings, Ltd. | 204,000 | 217,690 | |||
Vipshop Holdings, Ltd. ADR (a) | 38,693 | 241,444 | |||
Want Want China Holdings, Ltd. | 1,137,000 | 957,562 | |||
Weibo Corp. ADR (a)(c) | 3,065 | 224,143 | |||
Weichai Power Co., Ltd. Class H | 56,000 | 69,419 | |||
West China Cement, Ltd. | 416,000 | 78,151 | |||
Wuxi Biologics Cayman, Inc. (a)(b) | 29,000 | 293,339 | |||
Xiamen International Port Co., Ltd. Class H | 146,000 | 20,711 | |||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H | 36,259 | 38,970 | |||
Xinyi Solar Holdings, Ltd. (c) | 295,246 | 90,933 | |||
Yangzijiang Shipbuilding Holdings, Ltd. | 291,000 | 264,090 | |||
Yantai Changyu Pioneer Wine Co., Ltd. Class B | 30,553 | 75,749 | |||
Yanzhou Coal Mining Co., Ltd. Class H | 342,882 | 397,441 | |||
Yestar Healthcare Holdings Co., Ltd. (c) | 320,000 | 88,742 | |||
Yum China Holdings, Inc. | 38,849 | 1,363,988 | |||
YY, Inc. ADR (a) | 3,711 | 278,028 | |||
Zai Lab, Ltd. ADR (a)(c) | 3,719 | 72,446 | |||
Zhejiang Expressway Co., Ltd. Class H | 236,000 | 196,342 | |||
Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H | 58,400 | 31,197 | |||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 83,400 | 476,425 | |||
Zijin Mining Group Co., Ltd. Class H | 1,054,685 | 405,705 | |||
ZTE Corp. Class H (a) | 108,240 | 198,362 | |||
ZTO Express Cayman, Inc. ADR | 31,223 | 517,365 | |||
194,523,207 | |||||
HONG KONG — 1.8% | |||||
Alibaba Pictures Group, Ltd. (a)(c) | 1,280,107 | 175,046 | |||
Beijing Enterprises Medical & Health Group, Ltd. (a) | 440,500 | 20,266 | |||
Carnival Group International Holdings, Ltd. (a)(c) | 1,160,000 | 33,059 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
China All Access Holdings, Ltd. | 192,000 | $ 16,440 | |||
China Beidahuang Industry Group Holdings, Ltd. Class A (a) | 453,600 | 14,318 | |||
China Education Group Holdings, Ltd. (a) | 57,000 | 80,566 | |||
China Fiber Optic Network System Group, Ltd. (a)(d) | 686,800 | — | |||
China First Capital Group, Ltd. (a) | 176,000 | 94,468 | |||
China Gas Holdings, Ltd. | 317,800 | 899,599 | |||
China High Speed Transmission Equipment Group Co., Ltd. (c) | 8,000 | 9,201 | |||
China NT Pharma Group Co., Ltd. | 105,000 | 19,860 | |||
China Resources Cement Holdings, Ltd. | 62,000 | 72,182 | |||
China Soft Power Technology Holdings, Ltd. (a)(c) | 266,000 | 1,972 | |||
China State Construction International Holdings, Ltd. | 258,750 | 273,468 | |||
Citychamp Watch & Jewellery Group, Ltd. | 480,000 | 103,056 | |||
Comba Telecom Systems Holdings, Ltd. (a)(c) | 369,847 | 58,136 | |||
CP Pokphand Co., Ltd. (c) | 890,000 | 79,618 | |||
Dawnrays Pharmaceutical Holdings, Ltd. | 244,000 | 56,440 | |||
Digital China Holdings, Ltd. (a)(c) | 151,000 | 80,856 | |||
EVA Precision Industrial Holdings, Ltd. | 428,000 | 37,741 | |||
Fullshare Holdings, Ltd. (a)(c) | 681,100 | 327,280 | |||
GCL-Poly Energy Holdings, Ltd. (a)(c) | 955,000 | 67,125 | |||
Haier Electronics Group Co., Ltd. (a) | 147,000 | 399,206 | |||
Hanergy Thin Film Power Group, Ltd. (a)(c)(d) | 5,962,000 | — | |||
Hi Sun Technology China, Ltd. (a) | 306,000 | 42,234 | |||
Hua Han Health Industry Holdings, Ltd. (a)(c)(d) | 890,400 | — | |||
Huabao International Holdings, Ltd. | 18,000 | 9,662 | |||
Imperial Pacific International Holdings, Ltd. (a)(c) | 7,636,300 | 63,433 | |||
Kingboard Holdings, Ltd. | 127,200 | 415,336 | |||
Lee & Man Paper Manufacturing, Ltd. | 235,000 | 218,035 | |||
NetDragon Websoft Holdings, Ltd. (c) | 58,000 | 121,412 | |||
Nine Dragons Paper Holdings, Ltd. | 192,000 | 207,584 | |||
Shanghai Industrial Holdings, Ltd. | 50,000 | 110,800 | |||
Shenwan Hongyuan HK, Ltd. | 320,000 | 72,384 | |||
Shimao Property Holdings, Ltd. | 169,500 | 422,835 | |||
Sino Biopharmaceutical, Ltd. | 997,000 | 930,121 | |||
Skyworth Digital Holdings, Ltd. | 272,243 | 76,890 | |||
Solartech International Holdings, Ltd. (a) | 520,000 | 63,132 | |||
SSY Group, Ltd. | 538,691 | 520,454 | |||
Sun Art Retail Group, Ltd. | 242,500 | 315,487 |
Security Description | Shares | Value | |||
Tech Pro Technology Development, Ltd. (a)(e) | 1,684,800 | $ 14,641 | |||
Tibet Water Resources, Ltd. (a)(c) | 357,000 | 112,690 | |||
United Laboratories International Holdings, Ltd. (c) | 118,000 | 104,656 | |||
Vinda International Holdings, Ltd. | 45,000 | 77,292 | |||
Wasion Holdings, Ltd. | 80,000 | 40,486 | |||
WH Group, Ltd. (b) | 955,000 | 672,475 | |||
Xinyi Glass Holdings, Ltd. | 346,000 | 437,314 | |||
7,969,256 | |||||
INDIA — 18.5% | |||||
Adani Ports & Special Economic Zone, Ltd. | 115,459 | 523,858 | |||
Adani Power, Ltd. (a) | 83,834 | 27,525 | |||
AIA Engineering, Ltd. | 9,606 | 235,625 | |||
Ajanta Pharma, Ltd. (a) | 3,873 | 56,834 | |||
Alembic Pharmaceuticals, Ltd. | 11,431 | 99,187 | |||
Apollo Hospitals Enterprise, Ltd. | 32,019 | 460,364 | |||
Apollo Tyres, Ltd. | 56,907 | 166,623 | |||
Arvind, Ltd. | 31,515 | 138,229 | |||
Ashok Leyland, Ltd. | 52,291 | 85,913 | |||
Asian Paints, Ltd. | 30,603 | 545,991 | |||
AstraZeneca Pharma India, Ltd. (a) | 9,895 | 213,468 | |||
Aurobindo Pharma, Ltd. | 40,045 | 411,250 | |||
Axis Bank, Ltd. (a) | 165,820 | 1,402,802 | |||
Bajaj Auto, Ltd. | 7,058 | 261,664 | |||
Bajaj Finance, Ltd. | 16,780 | 501,849 | |||
Balkrishna Industries, Ltd. | 4,776 | 67,107 | |||
BEML, Ltd. | 7,606 | 63,952 | |||
Bharat Electronics, Ltd. | 118,124 | 130,851 | |||
Bharat Financial Inclusion, Ltd. (a) | 29,422 | 421,544 | |||
Bharat Forge, Ltd. | 31,787 | 263,584 | |||
Bharat Heavy Electricals, Ltd. | 270,594 | 255,700 | |||
Bharat Petroleum Corp., Ltd. | 52,228 | 269,570 | |||
Bharti Airtel, Ltd. | 208,598 | 974,215 | |||
Bharti Infratel, Ltd. | 56,306 | 204,244 | |||
Biocon, Ltd. | 78,575 | 749,384 | |||
Bosch, Ltd. | 842 | 231,542 | |||
Britannia Industries, Ltd. | 2,685 | 215,700 | |||
Cadila Healthcare, Ltd. | 29,752 | 158,405 | |||
Capital First, Ltd. | 8,317 | 56,219 | |||
Central Bank of India (a) | 78,233 | 44,410 | |||
CG Power and Industrial Solutions, Ltd. (a) | 92,237 | 57,004 | |||
Cipla, Ltd. | 101,786 | 918,377 | |||
Coal India, Ltd. | 155,126 | 569,765 | |||
Crompton Greaves Consumer Electricals, Ltd. | 31,175 | 96,290 | |||
Dabur India, Ltd. | 38,866 | 228,885 | |||
DCB Bank, Ltd. | 81,718 | 166,840 | |||
Dena Bank (a) | 437,383 | 91,109 | |||
Divi's Laboratories, Ltd. | 10,469 | 189,320 | |||
DLF, Ltd. | 76,549 | 171,652 | |||
Dr Lal PathLabs, Ltd. (b) | 9,498 | 125,594 | |||
Dr Reddy's Laboratories, Ltd. | 12,071 | 421,403 | |||
Edelweiss Financial Services, Ltd. | 26,630 | 69,615 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Eicher Motors, Ltd. | 1,137 | $ 379,346 | |||
Emami, Ltd. | 12,372 | 84,389 | |||
Escorts, Ltd. | 55,831 | 471,202 | |||
Federal Bank, Ltd. | 184,253 | 179,703 | |||
Fortis Healthcare, Ltd. (a) | 52,214 | 97,203 | |||
GAIL India, Ltd. | 93,479 | 488,737 | |||
Gateway Distriparks, Ltd. | 39,935 | 80,074 | |||
Gillette India, Ltd. | 1,059 | 97,735 | |||
Glenmark Pharmaceuticals, Ltd. | 21,481 | 187,325 | |||
Godrej Consumer Products, Ltd. | 54,641 | 579,393 | |||
Godrej Industries, Ltd. | 20,854 | 148,616 | |||
Granules India, Ltd. | 70,045 | 91,941 | |||
Grasim Industries, Ltd. | 16,820 | 237,021 | |||
Gujarat Mineral Development Corp., Ltd. | 50,167 | 64,672 | |||
Gujarat Pipavav Port, Ltd. | 42,971 | 59,456 | |||
GVK Power & Infrastructure, Ltd. (a) | 486,815 | 52,046 | |||
Havells India, Ltd. | 39,103 | 320,689 | |||
HCL Technologies, Ltd. | 55,862 | 838,277 | |||
HDFC Bank, Ltd. | 197,850 | 5,475,197 | |||
HEG, Ltd. | 2,066 | 95,356 | |||
Hero MotoCorp, Ltd. | 13,763 | 556,909 | |||
Hindalco Industries, Ltd. | 131,652 | 417,077 | |||
Hindustan Unilever, Ltd. | 126,859 | 2,814,733 | |||
Hindustan Zinc, Ltd. | 172,055 | 686,654 | |||
Housing Development & Infrastructure, Ltd. (a) | 75,053 | 21,535 | |||
Housing Development Finance Corp., Ltd. | 211,680 | 5,123,363 | |||
ICICI Bank, Ltd. ADR | 220,194 | 1,869,447 | |||
ICICI Bank, Ltd. | 609 | 2,567 | |||
IDFC, Ltd. | 166,462 | 91,280 | |||
Igarashi Motors India, Ltd. | 9,983 | 93,550 | |||
Igarashi Motors India, Ltd. (a)(e) | 1,236 | 11,578 | |||
India Cements, Ltd. | 40,835 | 57,008 | |||
Indiabulls Housing Finance, Ltd. | 67,890 | 802,477 | |||
Indiabulls Real Estate, Ltd. (a) | 34,983 | 42,371 | |||
Indiabulls Ventures, Ltd. | 14,219 | 105,706 | |||
Indian Hotels Co., Ltd. | 364,981 | 689,280 | |||
Indian Oil Corp., Ltd. | 247,706 | 524,013 | |||
IndusInd Bank, Ltd. | 26,991 | 629,275 | |||
Infosys, Ltd. ADR (c) | 544,443 | 5,536,985 | |||
InterGlobe Aviation, Ltd. (b) | 8,702 | 99,168 | |||
Ipca Laboratories, Ltd. | 16,526 | 154,899 | |||
ITC, Ltd. GDR (a) | 298,066 | 1,222,071 | |||
Jain Irrigation Systems, Ltd. | 75,550 | 63,627 | |||
Jaiprakash Associates, Ltd. (a) | 359,079 | 32,693 | |||
Jammu & Kashmir Bank, Ltd. (a) | 107,573 | 61,288 | |||
Jet Airways India, Ltd. (a) | 42,912 | 106,614 | |||
Jindal Steel & Power, Ltd. (a) | 69,764 | 188,966 | |||
Johnson Controls-Hitachi Air Conditioning India, Ltd. | 2,791 | 70,874 | |||
JSW Steel, Ltd. | 169,775 | 893,842 | |||
Jubilant Foodworks, Ltd. | 11,123 | 188,695 | |||
Jubilant Life Sciences, Ltd. | 11,075 | 111,942 | |||
Just Dial, Ltd. (a) | 6,251 | 41,176 | |||
Karnataka Bank Ltd | 53,148 | 71,265 |
Security Description | Shares | Value | |||
Kaveri Seed Co., Ltd. | 13,459 | $ 107,603 | |||
Kotak Mahindra Bank, Ltd. | 76,196 | 1,199,964 | |||
KPIT Technologies, Ltd. | 57,981 | 170,688 | |||
Lakshmi Vilas Bank Ltd (a) | 65,093 | 64,473 | |||
Larsen & Toubro, Ltd. GDR | 54,661 | 947,822 | |||
Laurus Labs, Ltd. (b) | 12,465 | 74,405 | |||
LIC Housing Finance, Ltd. | 44,089 | 253,866 | |||
Lupin, Ltd. | 27,990 | 347,877 | |||
Magma Fincorp, Ltd. | 36,936 | 58,622 | |||
Mahindra & Mahindra Financial Services, Ltd. | 43,877 | 242,234 | |||
Mahindra & Mahindra, Ltd. | 130,689 | 1,552,169 | |||
MakeMyTrip, Ltd. (a)(c) | 3,132 | 85,973 | |||
Manappuram Finance, Ltd. | 74,396 | 74,304 | |||
Marico, Ltd. | 61,027 | 280,384 | |||
Marksans Pharma, Ltd. | 194,400 | 78,843 | |||
Maruti Suzuki India, Ltd. | 5,800 | 587,917 | |||
Max Financial Services, Ltd. (a) | 17,605 | 99,160 | |||
Max India, Ltd. (a) | 138,973 | 141,868 | |||
Mindtree, Ltd. | 14,245 | 203,044 | |||
Motherson Sumi Systems, Ltd. | 71,217 | 252,290 | |||
Narayana Hrudayalaya, Ltd. (a) | 35,832 | 121,079 | |||
Natco Pharma, Ltd. | 10,905 | 113,052 | |||
NCC, Ltd. | 88,421 | 89,043 | |||
Nestle India, Ltd. | 2,511 | 335,989 | |||
NTPC, Ltd. | 160,684 | 369,846 | |||
Oil & Natural Gas Corp., Ltd. | 411,985 | 1,007,087 | |||
Page Industries, Ltd. | 911 | 413,275 | |||
PC Jeweller, Ltd. | 61,402 | 52,813 | |||
PI Industries, Ltd. | 10,570 | 103,804 | |||
Piramal Enterprises, Ltd. | 4,841 | 153,554 | |||
Power Finance Corp., Ltd. | 94,265 | 98,959 | |||
Power Grid Corp. of India, Ltd. | 96,146 | 249,881 | |||
Rajesh Exports, Ltd. | 30,135 | 280,959 | |||
Raymond, Ltd. | 8,934 | 81,760 | |||
Reliance Capital, Ltd. | 40,663 | 158,299 | |||
Reliance Communications, Ltd. (a) | 218,613 | 35,888 | |||
Reliance Home Finance, Ltd. | 37,107 | 25,159 | |||
Reliance Industries, Ltd. GDR (b) | 223,396 | 7,751,841 | |||
Reliance Infrastructure, Ltd. | 71,131 | 294,572 | |||
Repco Home Finance, Ltd. | 11,618 | 68,980 | |||
Rural Electrification Corp., Ltd. | 84,442 | 114,042 | |||
Satin Creditcare Network, Ltd. (a) | 17,960 | 70,326 | |||
Sequent Scientific, Ltd. | 124,387 | 86,654 | |||
Shankara Building Products, Ltd. | 5,393 | 91,474 | |||
Shilpa Medicare, Ltd. | 14,527 | 80,761 | |||
Shoppers Stop, Ltd. | 17,818 | 129,573 | |||
Shriram City Union Finance, Ltd. | 8,275 | 188,736 | |||
Shriram Transport Finance Co., Ltd. | 19,951 | 316,769 | |||
Siemens, Ltd. | 32,608 | 425,155 | |||
Sintex Industries, Ltd. | 484,610 | 75,543 | |||
Sintex Plastics Technology, Ltd. (a) | 138,535 | 55,517 | |||
South Indian Bank, Ltd. | 478,752 | 86,848 | |||
SpiceJet, Ltd. (a) | 64,021 | 60,188 | |||
Srei Infrastructure Finance, Ltd. | 102,420 | 45,707 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
State Bank of India (a) | 196,587 | $ 720,014 | |||
Steel Authority of India, Ltd. (a) | 244,828 | 230,508 | |||
Strides Pharma Science, Ltd. | 15,659 | 93,945 | |||
Sun Pharma Advanced Research Co., Ltd. (a) | 27,070 | 127,900 | |||
Sun Pharmaceutical Industries, Ltd. | 133,435 | 1,147,239 | |||
Suven Life Sciences, Ltd. | 34,845 | 129,713 | |||
Suzlon Energy, Ltd. (a) | 1,272,656 | 95,682 | |||
Tata Consultancy Services, Ltd. | 139,639 | 4,206,507 | |||
Tata Motors, Ltd. (a) | 216,880 | 669,279 | |||
Tata Steel, Ltd. | 40,849 | 327,542 | |||
Tech Mahindra, Ltd. | 58,788 | 604,586 | |||
Tejas Networks, Ltd. (a)(b) | 16,605 | 59,443 | |||
Thyrocare Technologies, Ltd. (b) | 43,242 | 383,088 | |||
Titan Co., Ltd. | 13,794 | 153,296 | |||
Torrent Pharmaceuticals, Ltd. | 8,656 | 197,336 | |||
Transport Corp. of India, Ltd. | 24,286 | 95,013 | |||
Ujjivan Financial Services, Ltd. | 16,693 | 57,006 | |||
UltraTech Cement, Ltd. | 7,333 | 410,700 | |||
Unichem Laboratories, Ltd. | 19,434 | 52,452 | |||
Unitech, Ltd. (a) | 1,596,445 | 57,260 | |||
United Breweries, Ltd. | 8,325 | 155,883 | |||
United Spirits, Ltd. (a) | 53,490 | 379,499 | |||
UPL, Ltd. | 31,788 | 291,306 | |||
Vakrangee, Ltd. | 188,239 | 73,618 | |||
Vedanta, Ltd. | 135,906 | 435,522 | |||
V-Mart Retail, Ltd. | 3,274 | 113,244 | |||
Vodafone Idea, Ltd. (a) | 236,047 | 125,529 | |||
Wipro, Ltd. ADR (c) | 195,723 | 1,019,717 | |||
WNS Holdings, Ltd. ADR (a) | 10,103 | 512,727 | |||
Wockhardt, Ltd. (a) | 22,764 | 170,141 | |||
Yes Bank, Ltd. | 167,674 | 424,794 | |||
Zee Entertainment Enterprises, Ltd. | 174,365 | 1,054,994 | |||
80,786,891 | |||||
INDONESIA — 3.3% | |||||
Ace Hardware Indonesia Tbk PT | 2,303,800 | 222,627 | |||
Adaro Energy Tbk PT | 2,791,800 | 343,788 | |||
AKR Corporindo Tbk PT | 128,000 | 31,524 | |||
Astra International Tbk PT | 2,970,700 | 1,465,265 | |||
Bank Central Asia Tbk PT | 2,146,896 | 3,479,350 | |||
Bank Mandiri Persero Tbk PT | 2,805,810 | 1,266,253 | |||
Bank Negara Indonesia Persero Tbk PT | 537,500 | 266,920 | |||
Bank Rakyat Indonesia Persero Tbk PT | 8,549,780 | 1,807,322 | |||
Charoen Pokphand Indonesia Tbk PT | 362,200 | 123,354 | |||
Ciputra Development Tbk PT | 889,096 | 52,207 | |||
Gudang Garam Tbk PT | 96,400 | 479,040 | |||
Indah Kiat Pulp & Paper Corp. Tbk PT | 212,700 | 247,649 | |||
Indocement Tunggal Prakarsa Tbk PT | 274,325 | 340,571 | |||
Kalbe Farma Tbk PT | 977,000 | 90,478 | |||
Lippo Karawaci Tbk PT | 1,603,300 | 37,012 |
Security Description | Shares | Value | |||
Matahari Department Store Tbk PT | 202,300 | $ 94,013 | |||
Media Nusantara Citra Tbk PT | 409,400 | 22,116 | |||
Pabrik Kertas Tjiwi Kimia Tbk PT | 77,700 | 71,826 | |||
Pakuwon Jati Tbk PT | 2,206,300 | 76,250 | |||
Pembangunan Perumahan Persero Tbk PT | 752,876 | 77,048 | |||
Perusahaan Gas Negara Persero Tbk | 1,740,940 | 262,867 | |||
Semen Indonesia Persero Tbk PT | 536,300 | 357,197 | |||
Summarecon Agung Tbk PT | 835,700 | 36,734 | |||
Surya Semesta Internusa Tbk PT | 1,328,800 | 43,338 | |||
Telekomunikasi Indonesia Persero Tbk PT | 8,371,770 | 2,044,978 | |||
Tiga Pilar Sejahtera Food Tbk (a)(e) | 963,100 | 10,858 | |||
Tower Bersama Infrastructure Tbk PT | 316,600 | 119,510 | |||
Unilever Indonesia Tbk PT | 64,200 | 202,597 | |||
United Tractors Tbk PT | 273,045 | 604,670 | |||
Wijaya Karya Persero Tbk PT | 712,057 | 65,226 | |||
14,342,588 | |||||
MACAU — 0.0% (f) | |||||
Newtree Group Holdings, Ltd. (a) | 330,000 | 23,195 | |||
MALAYSIA — 3.9% | |||||
AEON Credit Service M Bhd | 64,450 | 250,730 | |||
AirAsia Group Bhd | 237,500 | 181,346 | |||
AirAsia X Bhd (a) | 2,133,200 | 144,327 | |||
Alliance Bank Malaysia Bhd | 688,410 | 695,313 | |||
Astro Malaysia Holdings Bhd | 236,000 | 83,827 | |||
Axiata Group Bhd | 472,033 | 520,109 | |||
Bermaz Auto Bhd (a) | 261,080 | 133,111 | |||
British American Tobacco Malaysia Bhd | 14,200 | 108,837 | |||
Bursa Malaysia Bhd | 346,451 | 654,645 | |||
Cahya Mata Sarawak Bhd | 235,400 | 166,091 | |||
Carlsberg Brewery Malaysia Bhd Class B | 188,603 | 911,456 | |||
CIMB Group Holdings Bhd | 472,894 | 686,745 | |||
Dialog Group Bhd | 603,500 | 508,932 | |||
Eastern & Oriental Bhd | 579,911 | 184,966 | |||
Eco World Development Group Bhd (a) | 316,500 | 91,772 | |||
Gamuda Bhd | 91,500 | 74,288 | |||
Genting Bhd | 471,900 | 890,549 | |||
Genting Malaysia Bhd | 523,200 | 630,849 | |||
George Kent Malaysia Bhd | 229,900 | 72,773 | |||
IJM Corp. Bhd | 1,052,280 | 457,679 | |||
Inari Amertron Bhd | 619,412 | 341,249 | |||
IOI Corp. Bhd | 668,896 | 733,789 | |||
IOI Properties Group Bhd | 580,916 | 234,416 | |||
Iskandar Waterfront City Bhd (a) | 445,700 | 68,925 | |||
Karex Bhd | 397,425 | 74,424 | |||
KNM Group Bhd (a) | 860,300 | 32,221 | |||
Kuala Lumpur Kepong Bhd | 52,100 | 314,224 | |||
Malayan Banking Bhd | 517,411 | 1,223,983 | |||
Maxis Bhd | 353,700 | 499,120 | |||
Media Prima Bhd (a) | 287,400 | 34,028 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Muhibbah Engineering M Bhd | 291,300 | $ 211,867 | |||
My EG Services Bhd | 414,200 | 175,148 | |||
Padini Holdings Bhd | 208,800 | 296,664 | |||
Pentamaster Corp. Bhd (a) | 158,600 | 141,795 | |||
PPB Group Bhd | 121,420 | 492,311 | |||
Press Metal Aluminium Holdings Bhd | 467,240 | 548,698 | |||
Public Bank Bhd | 222,720 | 1,345,415 | |||
Sapura Energy Bhd (a) | 204,500 | 20,260 | |||
Sime Darby Bhd | 366,088 | 230,878 | |||
Sime Darby Plantation Bhd | 349,888 | 448,087 | |||
Sime Darby Property Bhd | 349,388 | 99,620 | |||
TA Enterprise Bhd | 645,700 | 100,635 | |||
Telekom Malaysia Bhd | 139,809 | 108,780 | |||
Tenaga Nasional Bhd | 315,750 | 1,179,532 | |||
Top Glove Corp. Bhd | 47,800 | 123,124 | |||
Tune Protect Group Bhd | 431,300 | 79,726 | |||
Yinson Holdings Bhd | 141,400 | 157,168 | |||
16,764,432 | |||||
PAKISTAN — 0.3% | |||||
Bank Alfalah, Ltd. | 361,900 | 144,667 | |||
Bank of Punjab (a) | 1,280,000 | 121,939 | |||
Cherat Cement Co., Ltd. | 86,500 | 56,109 | |||
Fauji Fertilizer Bin Qasim, Ltd. | 413,000 | 123,754 | |||
Habib Bank, Ltd. | 78,600 | 95,810 | |||
Hascol Petroleum, Ltd. | 90,300 | 198,074 | |||
Maple Leaf Cement Factory, Ltd. | 154,100 | 58,448 | |||
MCB Bank, Ltd. | 67,700 | 109,695 | |||
Nishat Mills, Ltd. | 94,600 | 107,101 | |||
Pak Elektron, Ltd. | 450,500 | 111,518 | |||
Searle Co. Ltd | 41,229 | 104,892 | |||
TRG Pakistan (a) | 348,000 | 77,598 | |||
1,309,605 | |||||
PHILIPPINES — 1.6% | |||||
Aboitiz Equity Ventures, Inc. | 115,200 | 104,475 | |||
Alliance Global Group, Inc. (a) | 767,100 | 177,187 | |||
Ayala Land, Inc. | 1,560,288 | 1,156,571 | |||
Bank of the Philippine Islands | 43,010 | 66,310 | |||
BDO Unibank, Inc. | 192,365 | 426,528 | |||
Bloomberry Resorts Corp. | 440,400 | 71,484 | |||
Cebu Air, Inc. | 60,750 | 78,706 | |||
CEMEX Holdings Philippines, Inc. (a)(b) | 1,217,000 | 53,608 | |||
Cosco Capital, Inc. | 1,759,400 | 188,868 | |||
D&L Industries, Inc. | 1,556,900 | 283,832 | |||
DoubleDragon Properties Corp. (a) | 503,570 | 181,744 | |||
First Gen Corp. | 1,139,270 | 353,399 | |||
First Philippine Holdings Corp. | 414,037 | 494,270 | |||
Globe Telecom, Inc. | 2,305 | 93,855 | |||
GT Capital Holdings, Inc. | 7,060 | 107,148 | |||
Integrated Micro-Electronics, Inc. | 302,200 | 68,461 | |||
JG Summit Holdings, Inc. | 331,360 | 330,869 | |||
Jollibee Foods Corp. | 43,640 | 207,579 | |||
LT Group, Inc. | 522,800 | 139,336 | |||
Metro Pacific Investments Corp. | 1,248,000 | 109,717 | |||
Nickel Asia Corp. | 682,984 | 55,367 |
Security Description | Shares | Value | |||
PLDT, Inc. | 21,409 | $ 534,928 | |||
Puregold Price Club, Inc. | 326,450 | 271,891 | |||
Robinsons Retail Holdings, Inc. | 165,750 | 244,499 | |||
SM Investments Corp. | 17,715 | 296,398 | |||
SM Prime Holdings, Inc. | 1,012,300 | 677,302 | |||
Universal Robina Corp. | 92,490 | 247,359 | |||
7,021,691 | |||||
SINGAPORE — 0.0% (f) | |||||
SIIC Environment Holdings, Ltd. (c) | 152,899 | 31,892 | |||
Silverlake Axis, Ltd. (c) | 218,400 | 70,331 | |||
102,223 | |||||
TAIWAN — 21.5% | |||||
Accton Technology Corp. | 40,000 | 111,355 | |||
Acer, Inc. (a) | 695,395 | 575,074 | |||
Advantech Co., Ltd. | 48,898 | 364,337 | |||
Airtac International Group | 12,431 | 121,733 | |||
ASE Technology Holding Co., Ltd. | 507,898 | 1,239,262 | |||
Asia Cement Corp. | 898,073 | 1,220,647 | |||
Asustek Computer, Inc. | 132,138 | 1,142,516 | |||
AU Optronics Corp. ADR (c) | 163,193 | 687,042 | |||
Catcher Technology Co., Ltd. | 132,539 | 1,458,524 | |||
Cathay Financial Holding Co., Ltd. | 1,291,604 | 2,220,850 | |||
Center Laboratories, Inc. (a) | 57,546 | 135,699 | |||
Chang Hwa Commercial Bank, Ltd. | 2,125,904 | 1,315,940 | |||
Chilisin Electronics Corp. | 21,000 | 64,376 | |||
China Development Financial Holding Corp. | 3,200,272 | 1,194,874 | |||
China Life Insurance Co., Ltd. | 193,200 | 194,257 | |||
China Steel Chemical Corp. | 18,877 | 89,955 | |||
China Steel Corp. | 1,926,625 | 1,609,044 | |||
Chunghwa Telecom Co., Ltd. | 420,268 | 1,514,082 | |||
Compal Electronics, Inc. | 996,431 | 618,425 | |||
CTBC Financial Holding Co., Ltd. | 2,934,515 | 2,210,521 | |||
Delta Electronics, Inc. | 316,787 | 1,359,156 | |||
E.Sun Financial Holding Co., Ltd. | 509,809 | 376,517 | |||
Eclat Textile Co., Ltd. | 45,365 | 561,621 | |||
eMemory Technology, Inc. | 16,000 | 151,967 | |||
Epistar Corp. | 219,170 | 249,081 | |||
Everlight Electronics Co., Ltd. | 165,996 | 169,622 | |||
Far Eastern New Century Corp. | 1,147,170 | 1,341,302 | |||
Far EasTone Telecommunications Co., Ltd. | 167,000 | 398,179 | |||
Feng TAY Enterprise Co., Ltd. | 43,902 | 270,317 | |||
Firich Enterprises Co., Ltd. (a) | 30,957 | 42,431 | |||
First Financial Holding Co., Ltd. | 2,657,140 | 1,810,124 | |||
Formosa Chemicals & Fibre Corp. | 671,691 | 2,815,853 | |||
Formosa Petrochemical Corp. | 210,000 | 1,017,915 | |||
Formosa Plastics Corp. | 880,137 | 3,372,614 | |||
Foxconn Technology Co., Ltd. | 241,519 | 589,302 | |||
Fubon Financial Holding Co., Ltd. | 1,081,998 | 1,835,637 | |||
Genius Electronic Optical Co., Ltd. | 6,000 | 62,293 | |||
Giant Manufacturing Co., Ltd. | 46,000 | 197,360 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Globalwafers Co., Ltd. | 12,000 | $ 132,250 | |||
Himax Technologies, Inc. ADR | 19,350 | 113,778 | |||
Hiwin Technologies Corp. | 35,838 | 296,371 | |||
Holy Stone Enterprise Co., Ltd. | 14,000 | 62,817 | |||
Hon Hai Precision Industry Co., Ltd. | 1,920,950 | 4,982,781 | |||
Hotai Motor Co., Ltd. | 42,000 | 359,709 | |||
HTC Corp. (a) | 120,710 | 160,509 | |||
Hua Nan Financial Holdings Co., Ltd. | 2,606,876 | 1,579,511 | |||
Innolux Corp. | 976,753 | 339,095 | |||
Inventec Corp. | 376,000 | 337,419 | |||
King Yuan Electronics Co., Ltd. | 816,898 | 545,794 | |||
Largan Precision Co., Ltd. | 12,710 | 1,513,145 | |||
Lite-On Technology Corp. | 543,891 | 684,028 | |||
Macronix International | 582,673 | 485,672 | |||
Makalot Industrial Co., Ltd. | 42,682 | 211,781 | |||
MediaTek, Inc. | 219,219 | 1,769,806 | |||
Medigen Biotechnology Corp. (a) | 14,000 | 22,605 | |||
Mega Financial Holding Co., Ltd. | 1,833,148 | 1,651,052 | |||
Merry Electronics Co., Ltd. | 47,000 | 213,196 | |||
MIN AIK Technology Co., Ltd. | 27,400 | 14,897 | |||
Motech Industries, Inc. (a) | 139,934 | 46,518 | |||
Nan Ya Plastics Corp. | 912,759 | 2,535,026 | |||
Novatek Microelectronics Corp. | 144,062 | 712,454 | |||
PChome Online, Inc. (a) | 24,957 | 113,207 | |||
Pegatron Corp. | 345,630 | 691,645 | |||
Pou Chen Corp. | 235,000 | 248,215 | |||
Powertech Technology, Inc. | 227,518 | 620,714 | |||
President Chain Store Corp. | 53,000 | 622,294 | |||
ProMOS Technologies, Inc. (a)(d) | 2,232 | — | |||
Quanta Computer, Inc. | 551,194 | 960,388 | |||
Radiant Opto-Electronics Corp. | 46,000 | 103,953 | |||
Realtek Semiconductor Corp. | 161,161 | 717,843 | |||
Ritek Corp. (a) | 122,834 | 55,115 | |||
Shin Kong Financial Holding Co., Ltd. | 2,645,344 | 1,035,334 | |||
Silicon Motion Technology Corp. ADR | 3,678 | 197,509 | |||
Sino-American Silicon Products, Inc. (a) | 36,000 | 92,438 | |||
SinoPac Financial Holdings Co., Ltd. | 3,341,630 | 1,220,292 | |||
Synnex Technology International Corp. | 225,000 | 287,025 | |||
TA-I Technology Co., Ltd. | 21,000 | 45,944 | |||
Tainan Enterprises Co., Ltd. | 423,830 | 277,621 | |||
Taishin Financial Holding Co., Ltd. | 3,212,204 | 1,551,764 | |||
Taiwan Cement Corp. | 834,937 | 1,123,896 | |||
Taiwan FU Hsing Industrial Co., Ltd. | 213,000 | 241,720 | |||
Taiwan Mobile Co., Ltd. | 288,200 | 1,033,567 | |||
Taiwan Paiho, Ltd. | 30,000 | 59,542 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 454,988 | 20,092,270 | |||
Tatung Co., Ltd. (a) | 691,107 | 912,181 | |||
Teco Electric and Machinery Co., Ltd. | 162,000 | 117,522 |
Security Description | Shares | Value | |||
TPK Holding Co., Ltd. | 25,000 | $ 42,904 | |||
Tripod Technology Corp. | 390,361 | 1,064,981 | |||
Uni-President Enterprises Corp. | 839,971 | 2,192,568 | |||
United Integrated Services Co., Ltd. | 547,194 | 1,055,570 | |||
United Microelectronics Corp. ADR | 499,752 | 1,289,360 | |||
Walsin Lihwa Corp. | 544,000 | 366,135 | |||
Walsin Technology Corp. | 34,000 | 237,186 | |||
Win Semiconductors Corp. | 25,000 | 110,127 | |||
Wistron Corp. | 830,715 | 541,422 | |||
Yageo Corp. | 34,144 | 513,284 | |||
Yuanta Financial Holding Co., Ltd. | 1,751,383 | 923,501 | |||
94,239,055 | |||||
THAILAND — 4.6% | |||||
Advanced Info Service PCL (e) | 185,702 | 1,154,178 | |||
Airports of Thailand PCL (e) | 383,300 | 776,319 | |||
Bangkok Expressway & Metro PCL (e) | 4,709,532 | 1,266,943 | |||
Beauty Community PCL (e) | 300,500 | 112,432 | |||
BEC World PCL (e) | 132,600 | 28,496 | |||
Big Camera Corp. PCL | 1,554,100 | 91,305 | |||
Bumrungrad Hospital PCL (e) | 39,000 | 224,304 | |||
Central Plaza Hotel PCL (e) | 53,900 | 69,583 | |||
Charoen Pokphand Foods PCL (e) | 258,100 | 201,516 | |||
Chularat Hospital PCL (e) | 2,142,800 | 188,174 | |||
CP ALL PCL (e) | 819,600 | 1,748,683 | |||
Electricity Generating PCL (e) | 196,299 | 1,432,485 | |||
Energy Absolute PCL (e) | 252,600 | 376,869 | |||
Gunkul Engineering PCL (e) | 1,455,803 | 141,349 | |||
Hana Microelectronics PCL (e) | 114,600 | 139,972 | |||
Ichitan Group PCL (e) | 148,500 | 21,582 | |||
Indorama Ventures PCL (e) | 184,600 | 336,778 | |||
IRPC PCL (e) | 3,313,939 | 696,808 | |||
Jasmine International PCL (e) | 681,525 | 116,959 | |||
Kasikornbank PCL | 62,454 | 420,995 | |||
Kasikornbank PCL NVDR | 30,900 | 206,382 | |||
KCE Electronics PCL | 350,400 | 457,774 | |||
Krungthai Card PCL | 96,900 | 107,866 | |||
MC Group PCL (e) | 330,700 | 130,889 | |||
Mega Lifesciences PCL (e) | 252,400 | 290,720 | |||
Minor International PCL (e) | 353,686 | 448,396 | |||
PTG Energy PCL (e) | 196,400 | 81,378 | |||
PTT Exploration & Production PCL (e) | 341,932 | 1,638,821 | |||
PTT Global Chemical PCL NVDR | 86,500 | 217,320 | |||
PTT PCL (e) | 1,223,750 | 2,052,827 | |||
Siam Cement PCL NVDR | 54,400 | 750,229 | |||
Siam Commercial Bank PCL (e) | 262,597 | 1,209,862 | |||
Somboon Advance Technology PCL (e) | 183,600 | 124,898 | |||
Srisawad Corp. PCL (e) | 302,174 | 450,832 | |||
Super Energy Corp. PCL NVDR (a) | 1,126,500 | 29,260 | |||
SVI PCL (e) | 1,071,400 | 185,524 | |||
Thai Beverage PCL (c) | 1,088,200 | 541,571 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Thai Oil PCL (e) | 427,764 | $ 1,170,597 | |||
Thai Union Group PCL Class F (e) | 239,300 | 132,451 | |||
TMB Bank PCL (e) | 2,201,800 | 156,591 | |||
True Corp. PCL NVDR | 1,586,483 | 296,791 | |||
20,226,709 | |||||
UNITED STATES — 0.0% (f) | |||||
IntelliEPI, Inc. | 49,000 | 97,413 | |||
TOTAL COMMON STOCKS (Cost $386,565,254) | 437,406,265 |
WARRANTS — 0.0% (f) | |||
THAILAND — 0.0% (f) | |||
E for L Aim PCL (expiring 6/1/20) (a) (Cost $0) | 272,340 | 84 | |
RIGHTS — 0.0% (f) | |||
HONG KONG — 0.0% (f) | |||
Munsun Capital Group, Ltd. (expired 9/18/18) (a) (e) (Cost $6,913) | 158,660 | 609 | |
SHORT-TERM INVESTMENT — 1.1% | |||
State Street Navigator Securities Lending Government Money Market Portfolio (g) (h) (Cost $4,909,168) | 4,909,168 | 4,909,168 | |
TOTAL INVESTMENTS — 101.0% (Cost $391,481,335) | 442,316,126 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.0)% | (4,413,015) | ||
NET ASSETS — 100.0% | $ 437,903,111 |
(a) | Non-income producing security. |
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 2.5% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $8,516, representing less than 0.05% of the Fund's net assets. |
(e) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $17,185,432 representing 3.9% of net assets. |
(f) | Amount is less than 0.05% of net assets. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
China | $194,474,161 | $ 40,530 | $8,516 | $194,523,207 | ||||
Hong Kong | 7,954,615 | 14,641 | 0(a) | 7,969,256 | ||||
India | 80,775,313 | 11,578 | — | 80,786,891 | ||||
Indonesia | 14,331,730 | 10,858 | — | 14,342,588 | ||||
Macau | 23,195 | — | — | 23,195 | ||||
Malaysia | 16,764,432 | — | — | 16,764,432 | ||||
Pakistan | 1,309,605 | — | — | 1,309,605 | ||||
Philippines | 7,021,691 | — | — | 7,021,691 | ||||
Singapore | 102,223 | — | — | 102,223 | ||||
Taiwan | 94,239,055 | — | 0(a) | 94,239,055 | ||||
Thailand | 3,119,493 | 17,107,216 | — | 20,226,709 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
United States | $ 97,413 | $ — | $ — | $ 97,413 | ||||
Warrants | ||||||||
Thailand | 84 | — | — | 84 | ||||
Rights | ||||||||
Hong Kong | — | 609 | — | 609 | ||||
Short-Term Investment | 4,909,168 | — | — | 4,909,168 | ||||
TOTAL INVESTMENTS | $425,122,178 | $17,185,432 | $8,516 | $442,316,126 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 2,046,576 | $2,046,576 | $34,622,138 | $36,668,714 | $— | $— | — | $ — | $ 17,844 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 5,790,699 | 5,790,699 | 49,565,200 | 50,446,731 | — | — | 4,909,168 | 4,909,168 | 173,056 | — | |||||||||
Total | $7,837,275 | $84,187,338 | $87,115,445 | $— | $— | $4,909,168 | $190,900 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
AUSTRALIA — 1.5% | |||||
APA Group | 436,902 | $ 3,154,883 | |||
BELGIUM — 0.7% | |||||
Groupe Bruxelles Lambert SA | 14,538 | 1,524,795 | |||
CANADA — 20.2% | |||||
Bank of Montreal | 23,110 | 1,904,796 | |||
Bank of Nova Scotia (a) | 31,079 | 1,851,131 | |||
Canadian Apartment Properties REIT | 61,290 | 2,261,272 | |||
Canadian Imperial Bank of Commerce (a) | 22,706 | 2,126,031 | |||
Canadian Utilities, Ltd. Class A | 68,955 | 1,694,268 | |||
Emera, Inc. (a) | 67,526 | 2,097,976 | |||
Enbridge Income Fund Holdings, Inc. (a) | 168,389 | 4,086,618 | |||
First Capital Realty, Inc. | 128,948 | 1,945,293 | |||
Fortis, Inc. (a) | 54,949 | 1,780,337 | |||
Great-West Lifeco, Inc. | 76,903 | 1,864,568 | |||
IGM Financial, Inc. (a) | 76,215 | 2,093,171 | |||
Laurentian Bank of Canada (a) | 54,609 | 1,799,740 | |||
National Bank of Canada | 38,085 | 1,900,714 | |||
Power Corp. of Canada | 89,444 | 1,941,667 | |||
Power Financial Corp. | 89,325 | 2,044,814 | |||
RioCan Real Estate Investment Trust | 155,406 | 2,967,214 | |||
Royal Bank of Canada | 21,308 | 1,706,816 | |||
Shaw Communications, Inc. Class B (a) | 99,994 | 1,947,121 | |||
Sun Life Financial, Inc. | 41,675 | 1,655,587 | |||
TELUS Corp. | 58,776 | 2,164,881 | |||
41,834,015 | |||||
CHINA — 1.3% | |||||
Guangdong Investment, Ltd. | 1,542,347 | 2,739,795 | |||
DENMARK — 0.9% | |||||
Coloplast A/S Class B | 18,523 | 1,894,898 | |||
FINLAND — 1.9% | |||||
Fortum Oyj | 160,654 | 4,028,684 | |||
FRANCE — 7.4% | |||||
Bouygues SA | 34,248 | 1,480,973 | |||
CNP Assurances | 87,808 | 2,117,291 | |||
Klepierre SA REIT | 59,183 | 2,098,664 | |||
Sanofi | 25,118 | 2,233,603 | |||
SCOR SE | 57,987 | 2,694,075 | |||
Societe BIC SA (a) | 16,363 | 1,498,593 | |||
TOTAL SA | 48,327 | 3,134,399 | |||
15,257,598 | |||||
GERMANY — 2.7% | |||||
Deutsche EuroShop AG | 54,423 | 1,762,358 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 10,661 | 2,362,009 | |||
Siemens AG | 10,909 | 1,398,096 | |||
5,522,463 |
Security Description | Shares | Value | |||
HONG KONG — 4.5% | |||||
CK Infrastructure Holdings, Ltd. | 211,380 | $ 1,674,853 | |||
CLP Holdings, Ltd. | 187,296 | 2,193,725 | |||
Power Assets Holdings, Ltd. | 260,695 | 1,815,727 | |||
Sino Land Co., Ltd. | 1,083,607 | 1,858,427 | |||
Wharf Real Estate Investment Co., Ltd. | 283,542 | 1,829,911 | |||
9,372,643 | |||||
ITALY — 1.3% | |||||
Atlantia SpA | 65,854 | 1,366,865 | |||
Hera SpA | 427,853 | 1,332,823 | |||
2,699,688 | |||||
JAPAN — 6.3% | |||||
Canon, Inc. | 50,616 | 1,608,696 | |||
Chugoku Electric Power Co., Inc. (a) | 196,500 | 2,525,774 | |||
Japan Tobacco, Inc. | 61,306 | 1,600,859 | |||
KDDI Corp. | 67,701 | 1,870,964 | |||
Lawson, Inc. (a) | 27,464 | 1,673,204 | |||
MS&AD Insurance Group Holdings, Inc. | 50,880 | 1,699,509 | |||
NTT DOCOMO, Inc. | 80,159 | 2,155,969 | |||
13,134,975 | |||||
MEXICO — 1.1% | |||||
Kimberly-Clark de Mexico SAB de CV Class A (b) | 1,324,244 | 2,358,240 | |||
NORWAY — 0.6% | |||||
Orkla ASA | 150,699 | 1,272,465 | |||
PORTUGAL — 1.8% | |||||
EDP - Energias de Portugal SA | 979,131 | 3,614,213 | |||
SINGAPORE — 1.1% | |||||
Singapore Telecommunications, Ltd. | 934,903 | 2,216,918 | |||
SOUTH AFRICA — 3.9% | |||||
AVI, Ltd. | 216,049 | 1,622,743 | |||
Foschini Group, Ltd. | 125,825 | 1,541,509 | |||
SPAR Group, Ltd. | 106,475 | 1,385,407 | |||
Truworths International, Ltd. | 324,948 | 1,917,368 | |||
Woolworths Holdings, Ltd. | 461,956 | 1,619,152 | |||
8,086,179 | |||||
SOUTH KOREA — 0.9% | |||||
SK Telecom Co., Ltd. | 7,668 | 1,949,404 | |||
SPAIN — 3.8% | |||||
Enagas SA | 108,432 | 2,928,192 | |||
Red Electrica Corp. SA | 111,879 | 2,344,251 | |||
Tecnicas Reunidas SA (a) | 83,509 | 2,571,355 | |||
7,843,798 | |||||
SWEDEN — 4.0% | |||||
Castellum AB | 110,786 | 1,981,969 | |||
Hennes & Mauritz AB Class B (a) | 154,620 | 2,855,529 | |||
Intrum AB (a) | 38,419 | 998,362 | |||
Skanska AB Class B | 125,806 | 2,469,239 | |||
8,305,099 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
SWITZERLAND — 2.7% | |||||
Baloise Holding AG | 10,891 | $ 1,669,106 | |||
PSP Swiss Property AG | 19,908 | 1,937,199 | |||
Swiss Prime Site AG (b) | 22,889 | 1,960,140 | |||
5,566,445 | |||||
UNITED KINGDOM — 10.1% | |||||
Ashmore Group PLC | 367,644 | 1,745,111 | |||
BAE Systems PLC | 239,431 | 1,966,424 | |||
Close Brothers Group PLC | 104,544 | 2,156,749 | |||
GlaxoSmithKline PLC | 167,853 | 3,363,881 | |||
Greene King PLC | 431,638 | 2,759,225 | |||
IG Group Holdings PLC | 216,294 | 1,788,248 | |||
Pennon Group PLC | 231,700 | 2,154,922 | |||
RPC Group PLC | 133,595 | 1,385,005 | |||
Tate & Lyle PLC | 222,255 | 1,978,970 | |||
Unilever NV | 27,743 | 1,545,599 | |||
20,844,134 | |||||
UNITED STATES — 20.8% | |||||
AT&T, Inc. | 71,455 | 2,399,459 | |||
Brinker International, Inc. (a) | 53,624 | 2,505,850 | |||
CenterPoint Energy, Inc. | 74,128 | 2,049,639 | |||
Compass Minerals International, Inc. (a) | 28,496 | 1,914,931 | |||
Edison International | 32,167 | 2,177,063 | |||
International Business Machines Corp. | 12,669 | 1,915,679 | |||
L Brands, Inc. | 39,882 | 1,208,425 | |||
Mercury General Corp. | 47,066 | 2,360,831 | |||
National Health Investors, Inc. REIT | 37,159 | 2,808,849 | |||
Northwest Bancshares, Inc. | 116,288 | 2,014,108 | |||
OGE Energy Corp. | 67,331 | 2,445,462 | |||
Owens & Minor, Inc. (a) | 126,931 | 2,096,900 | |||
Philip Morris International, Inc. | 19,447 | 1,585,708 | |||
PPL Corp. | 85,268 | 2,494,942 | |||
SCANA Corp. | 74,647 | 2,903,022 | |||
Southern Co. | 57,535 | 2,508,526 | |||
Tupperware Brands Corp. | 35,527 | 1,188,378 |
Security Description | Shares | Value | |||
United Bankshares, Inc. (a) | 55,992 | $ 2,035,309 | |||
Verizon Communications, Inc. | 43,891 | 2,343,340 | |||
Waddell & Reed Financial, Inc. Class A (a) | 102,034 | 2,161,080 | |||
43,117,501 | |||||
TOTAL COMMON STOCKS (Cost $209,844,455) | 206,338,833 |
SHORT-TERM INVESTMENTS — 9.2% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) | 68,507 | 68,507 | |
State Street Navigator Securities Lending Government Money Market Portfolio (c) (e) | 19,113,339 | 19,113,339 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $19,181,846) | 19,181,846 | ||
TOTAL INVESTMENTS — 108.7% (Cost $229,026,301) | 225,520,679 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (8.7)% | (18,103,389) | ||
NET ASSETS — 100.0% | $ 207,417,290 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(e) | Investment of cash collateral for securities loaned. |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 3,154,883 | $— | $— | $ 3,154,883 | ||||
Belgium | 1,524,795 | — | — | 1,524,795 | ||||
Canada | 41,834,015 | — | — | 41,834,015 | ||||
China | 2,739,795 | — | — | 2,739,795 | ||||
Denmark | 1,894,898 | — | — | 1,894,898 | ||||
Finland | 4,028,684 | — | — | 4,028,684 | ||||
France | 15,257,598 | — | — | 15,257,598 | ||||
Germany | 5,522,463 | — | — | 5,522,463 | ||||
Hong Kong | 9,372,643 | — | — | 9,372,643 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Italy | $ 2,699,688 | $— | $— | $ 2,699,688 | ||||
Japan | 13,134,975 | — | — | 13,134,975 | ||||
Mexico | 2,358,240 | — | — | 2,358,240 | ||||
Norway | 1,272,465 | — | — | 1,272,465 | ||||
Portugal | 3,614,213 | — | — | 3,614,213 | ||||
Singapore | 2,216,918 | — | — | 2,216,918 | ||||
South Africa | 8,086,179 | — | — | 8,086,179 | ||||
South Korea | 1,949,404 | — | — | 1,949,404 | ||||
Spain | 7,843,798 | — | — | 7,843,798 | ||||
Sweden | 8,305,099 | — | — | 8,305,099 | ||||
Switzerland | 5,566,445 | — | — | 5,566,445 | ||||
United Kingdom | 20,844,134 | — | — | 20,844,134 | ||||
United States | 43,117,501 | — | — | 43,117,501 | ||||
Short-Term Investments | 19,181,846 | — | — | 19,181,846 | ||||
TOTAL INVESTMENTS | $225,520,679 | $— | $— | $225,520,679 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 150,675 | $ 150,675 | $ 13,742,696 | $ 13,824,864 | $— | $— | 68,507 | $ 68,507 | $ 4,074 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 5,848,371 | 5,848,371 | 127,968,461 | 114,703,493 | — | — | 19,113,339 | 19,113,339 | 246,930 | — | |||||||||
Total | $5,999,046 | $141,711,157 | $128,528,357 | $— | $— | $19,181,846 | $251,004 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.9% | |||||
AUSTRALIA — 9.3% | |||||
Atlas Arteria, Ltd. | 623,784 | $ 3,150,347 | |||
Qube Holdings, Ltd. (a) | 1,380,241 | 2,726,379 | |||
Sydney Airport | 1,043,498 | 5,202,110 | |||
Transurban Group Stapled Security | 1,524,654 | 12,377,498 | |||
23,456,334 | |||||
BRAZIL — 0.4% | |||||
Cia de Saneamento Basico do Estado de Sao Paulo ADR (a) | 43,812 | 258,491 | |||
Ultrapar Participacoes SA ADR (a) | 78,602 | 727,854 | |||
986,345 | |||||
CANADA — 9.1% | |||||
Enbridge, Inc. (b) | 285,436 | 9,203,909 | |||
Enbridge, Inc. (a)(b) | 25,122 | 811,189 | |||
Inter Pipeline, Ltd. (a) | 70,232 | 1,217,079 | |||
Keyera Corp. | 37,600 | 1,006,758 | |||
Pembina Pipeline Corp. | 91,598 | 3,110,194 | |||
TransCanada Corp. (a) | 164,250 | 6,640,651 | |||
Westshore Terminals Investment Corp. (a) | 43,490 | 903,042 | |||
22,892,822 | |||||
CHILE — 0.2% | |||||
Enel Americas SA ADR | 70,593 | 545,684 | |||
CHINA — 4.4% | |||||
Beijing Capital International Airport Co., Ltd. Class H | 1,350,000 | 1,640,724 | |||
Beijing Enterprises Water Group, Ltd. (c) | 712,000 | 379,435 | |||
China Merchants Port Holdings Co., Ltd. | 1,194,074 | 2,285,937 | |||
China Resources Power Holdings Co., Ltd. | 228,000 | 403,266 | |||
COSCO SHIPPING Ports, Ltd. | 1,590,000 | 1,749,530 | |||
Guangdong Investment, Ltd. | 368,000 | 653,708 | |||
Jiangsu Expressway Co., Ltd. Class H | 1,156,000 | 1,483,245 | |||
Kunlun Energy Co., Ltd. | 614,000 | 714,839 | |||
Shenzhen Expressway Co., Ltd. Class H | 664,000 | 666,978 | |||
Zhejiang Expressway Co., Ltd. Class H | 1,356,000 | 1,128,137 | |||
11,105,799 | |||||
FRANCE — 6.3% | |||||
Aeroports de Paris | 30,889 | 6,956,659 | |||
Engie SA | 234,735 | 3,453,044 | |||
Getlink | 436,990 | 5,583,200 | |||
15,992,903 | |||||
GERMANY — 2.5% | |||||
E.ON SE | 281,870 | 2,874,501 | |||
Fraport AG Frankfurt Airport Services Worldwide | 34,938 | 3,088,174 | |||
Hamburger Hafen und Logistik AG | 19,877 | 467,283 | |||
6,429,958 |
Security Description | Shares | Value | |||
HONG KONG — 3.1% | |||||
China Gas Holdings, Ltd. | 286,200 | $ 810,148 | |||
CLP Holdings, Ltd. | 233,000 | 2,729,038 | |||
Hong Kong & China Gas Co., Ltd. | 1,142,420 | 2,268,810 | |||
Shenzhen International Holdings, Ltd. | 937,884 | 1,936,920 | |||
7,744,916 | |||||
ITALY — 7.7% | |||||
Ansaldo STS SpA (c) | 37,405 | 531,778 | |||
ASTM SpA | 33,710 | 730,616 | |||
Atlantia SpA | 444,833 | 9,232,952 | |||
Enav SpA (d) | 240,836 | 1,174,310 | |||
Enel SpA | 988,493 | 5,065,568 | |||
Snam SpA | 405,656 | 1,691,027 | |||
Societa Iniziative Autostradali e Servizi SpA | 64,555 | 956,003 | |||
19,382,254 | |||||
MEXICO — 4.0% | |||||
Grupo Aeroportuario del Centro Norte SAB de CV ADR (a) | 40,685 | 2,317,011 | |||
Grupo Aeroportuario del Pacifico SAB de CV ADR (a) | 34,744 | 3,793,350 | |||
Grupo Aeroportuario del Sureste SAB de CV ADR (a) | 19,170 | 3,932,342 | |||
10,042,703 | |||||
NETHERLANDS — 0.2% | |||||
Koninklijke Vopak NV | 12,036 | 593,303 | |||
NEW ZEALAND — 1.7% | |||||
Auckland International Airport, Ltd. | 887,228 | 4,293,772 | |||
SINGAPORE — 0.7% | |||||
Hutchison Port Holdings Trust | 5,108,470 | 1,277,117 | |||
SIA Engineering Co., Ltd. | 232,700 | 502,408 | |||
1,779,525 | |||||
SPAIN — 7.5% | |||||
Aena SME SA (d) | 69,521 | 12,071,917 | |||
Enagas SA | 41,065 | 1,108,955 | |||
Iberdrola SA | 775,021 | 5,705,382 | |||
18,886,254 | |||||
SWITZERLAND — 1.5% | |||||
Flughafen Zurich AG | 18,004 | 3,656,832 | |||
UNITED KINGDOM — 4.0% | |||||
BBA Aviation PLC | 850,351 | 3,333,353 | |||
National Grid PLC | 470,762 | 4,858,381 | |||
SSE PLC | 130,935 | 1,956,746 | |||
10,148,480 | |||||
UNITED STATES — 37.3% | |||||
American Electric Power Co., Inc. | 63,113 | 4,473,450 | |||
Cheniere Energy, Inc. (c) | 40,008 | 2,780,156 | |||
Consolidated Edison, Inc. | 39,843 | 3,035,638 | |||
Dominion Energy, Inc. | 83,731 | 5,884,615 | |||
DTE Energy Co. | 23,237 | 2,535,854 | |||
Duke Energy Corp. | 91,260 | 7,302,625 | |||
Edison International | 41,732 | 2,824,422 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | |||
Eversource Energy | 40,553 | $ 2,491,576 | |||
Exelon Corp. | 123,687 | 5,400,174 | |||
Kinder Morgan, Inc. | 343,642 | 6,092,773 | |||
Macquarie Infrastructure Corp. | 72,717 | 3,354,435 | |||
NextEra Energy, Inc. | 60,372 | 10,118,347 | |||
ONEOK, Inc. | 74,473 | 5,048,525 | |||
PG&E Corp. (c) | 66,224 | 3,046,966 | |||
PPL Corp. | 89,539 | 2,619,911 | |||
Public Service Enterprise Group, Inc. | 64,675 | 3,414,193 | |||
Sempra Energy | 34,990 | 3,980,113 | |||
Southern Co. | 129,866 | 5,662,158 | |||
Targa Resources Corp. | 40,872 | 2,301,502 | |||
WEC Energy Group, Inc. | 40,382 | 2,695,902 | |||
Williams Cos., Inc. | 219,020 | 5,955,154 | |||
Xcel Energy, Inc. | 65,238 | 3,079,886 | |||
94,098,375 | |||||
TOTAL COMMON STOCKS (Cost $250,201,938) | 252,036,259 |
SHORT-TERM INVESTMENTS — 2.3% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (e) (f) | 824,073 | 824,073 | |
State Street Navigator Securities Lending Government Money Market Portfolio (e) (g) | 4,976,109 | 4,976,109 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $5,800,182) | 5,800,182 | ||
TOTAL INVESTMENTS — 102.2% (Cost $256,002,120) | 257,836,441 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (2.2)% | (5,627,204) | ||
NET ASSETS — 100.0% | $ 252,209,237 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(c) | Non-income producing security. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 5.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(f) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(g) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 23,456,334 | $— | $— | $ 23,456,334 | ||||
Brazil | 986,345 | — | — | 986,345 | ||||
Canada | 22,892,822 | — | — | 22,892,822 | ||||
Chile | 545,684 | — | — | 545,684 | ||||
China | 11,105,799 | — | — | 11,105,799 | ||||
France | 15,992,903 | — | — | 15,992,903 | ||||
Germany | 6,429,958 | — | — | 6,429,958 | ||||
Hong Kong | 7,744,916 | — | — | 7,744,916 | ||||
Italy | 19,382,254 | — | — | 19,382,254 | ||||
Mexico | 10,042,703 | — | — | 10,042,703 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Netherlands | $ 593,303 | $— | $— | $ 593,303 | ||||
New Zealand | 4,293,772 | — | — | 4,293,772 | ||||
Singapore | 1,779,525 | — | — | 1,779,525 | ||||
Spain | 18,886,254 | — | — | 18,886,254 | ||||
Switzerland | 3,656,832 | — | — | 3,656,832 | ||||
United Kingdom | 10,148,480 | — | — | 10,148,480 | ||||
United States | 94,098,375 | — | — | 94,098,375 | ||||
Short-Term Investments | 5,800,182 | — | — | 5,800,182 | ||||
TOTAL INVESTMENTS | $257,836,441 | $— | $— | $257,836,441 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 403,650 | $ 403,650 | $ 10,260,009 | $ 9,839,586 | $— | $— | 824,073 | $ 824,073 | $ 6,230 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 7,104,926 | 7,104,926 | 117,844,758 | 119,973,575 | — | — | 4,976,109 | 4,976,109 | 54,142 | — | |||||||||
Total | $7,508,576 | $128,104,767 | $129,813,161 | $— | $— | $5,800,182 | $60,372 | $— |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.8% | |||||
AIRLINES — 0.2% | |||||
Cathay Pacific Airways, Ltd. | 7,000 | $ 10,556 | |||
BANKS — 5.2% | |||||
Bank of East Asia, Ltd. | 25,800 | 96,277 | |||
Hang Seng Bank, Ltd. | 8,200 | 222,792 | |||
319,069 | |||||
CAPITAL MARKETS — 6.5% | |||||
Hong Kong Exchanges & Clearing, Ltd. | 13,400 | 383,596 | |||
Kingston Financial Group, Ltd. | 52,000 | 13,822 | |||
397,418 | |||||
COMMUNICATIONS EQUIPMENT — 0.2% | |||||
BYD Electronic International Co., Ltd. | 7,000 | 10,306 | |||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.3% | |||||
HKT Trust & HKT, Ltd. | 39,000 | 53,629 | |||
PCCW, Ltd. | 46,000 | 26,807 | |||
80,436 | |||||
ELECTRIC UTILITIES — 7.0% | |||||
CK Infrastructure Holdings, Ltd. | 7,000 | 55,464 | |||
CLP Holdings, Ltd. | 20,500 | 240,108 | |||
HK Electric Investments & HK Electric Investments, Ltd. | 26,000 | 26,250 | |||
Power Assets Holdings, Ltd. | 15,000 | 104,474 | |||
426,296 | |||||
ELECTRICAL EQUIPMENT — 0.6% | |||||
Fullshare Holdings, Ltd. (a) | 72,500 | 34,837 | |||
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) — 4.0% | |||||
Link REIT | 24,500 | 241,246 | |||
FOOD & STAPLES RETAILING — 0.9% | |||||
Dairy Farm International Holdings, Ltd. | 3,400 | 30,600 | |||
Sun Art Retail Group, Ltd. | 18,000 | 23,418 | |||
54,018 | |||||
FOOD PRODUCTS — 1.1% | |||||
WH Group, Ltd. (b) | 98,000 | 69,008 | |||
GAS UTILITIES — 4.3% | |||||
China Gas Holdings, Ltd. | 20,000 | 56,614 | |||
Hong Kong & China Gas Co., Ltd. | 102,000 | 202,569 | |||
259,183 | |||||
HOTELS, RESTAURANTS & LEISURE — 8.4% | |||||
Galaxy Entertainment Group, Ltd. | 26,000 | 164,974 | |||
Melco Resorts & Entertainment, Ltd. ADR | 5,562 | 117,636 |
Security Description | Shares | Value | |||
MGM China Holdings, Ltd. | 9,200 | $ 14,579 | |||
Sands China, Ltd. | 27,600 | 125,039 | |||
Shangri-La Asia, Ltd. | 20,000 | 29,751 | |||
SJM Holdings, Ltd. | 21,000 | 19,430 | |||
Wynn Macau, Ltd. | 16,400 | 37,726 | |||
509,135 | |||||
HOUSEHOLD DURABLES — 2.2% | |||||
Haier Electronics Group Co., Ltd. (a) | 14,000 | 38,019 | |||
Techtronic Industries Co., Ltd. | 15,500 | 99,043 | |||
137,062 | |||||
INDUSTRIAL CONGLOMERATES — 11.3% | |||||
CK Hutchison Holdings, Ltd. | 30,500 | 351,583 | |||
Fosun International, Ltd. | 27,500 | 48,499 | |||
Jardine Matheson Holdings, Ltd. | 2,900 | 181,975 | |||
Jardine Strategic Holdings, Ltd. | 2,000 | 72,600 | |||
NWS Holdings, Ltd. | 16,000 | 31,653 | |||
686,310 | |||||
INSURANCE — 20.2% | |||||
AIA Group, Ltd. | 137,200 | 1,225,611 | |||
PAPER & FOREST PRODUCTS — 0.3% | |||||
Nine Dragons Paper Holdings, Ltd. | 17,000 | 18,380 | |||
PHARMACEUTICALS — 3.3% | |||||
CSPC Pharmaceutical Group, Ltd. | 56,000 | 118,943 | |||
Sino Biopharmaceutical, Ltd. | 91,000 | 84,896 | |||
203,839 | |||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 20.0% | |||||
CK Asset Holdings, Ltd. | 28,500 | 213,980 | |||
Hang Lung Group, Ltd. | 11,000 | 29,240 | |||
Hang Lung Properties, Ltd. | 22,000 | 43,017 | |||
Henderson Land Development Co., Ltd. | 14,000 | 70,404 | |||
Hongkong Land Holdings, Ltd. | 13,400 | 88,708 | |||
Hysan Development Co., Ltd. | 6,000 | 30,326 | |||
Kerry Properties, Ltd. | 7,000 | 23,751 | |||
New World Development Co., Ltd. | 65,000 | 88,717 | |||
Shimao Property Holdings, Ltd. | 12,500 | 31,183 | |||
Sino Land Co., Ltd. | 32,000 | 54,881 | |||
Sun Hung Kai Properties, Ltd. | 17,000 | 247,671 | |||
Swire Pacific, Ltd. Class A | 5,500 | 60,272 | |||
Swire Pacific, Ltd. Class B | 10,000 | 17,687 | |||
Swire Properties, Ltd. | 12,000 | 45,470 | |||
Wharf Holdings, Ltd. | 13,000 | 35,387 | |||
Wharf Real Estate Investment Co., Ltd. | 13,000 | 83,899 | |||
Wheelock & Co., Ltd. | 9,000 | 54,001 | |||
1,218,594 | |||||
ROAD & RAIL — 1.6% | |||||
MTR Corp., Ltd. | 18,000 | 94,774 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Security Description | Shares | Value | ||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.6% | ||||||
ASM Pacific Technology, Ltd. | 3,400 | $ 34,630 | ||||
SPECIALTY RETAIL — 0.2% | ||||||
Chow Tai Fook Jewellery Group, Ltd. | 12,200 | 12,551 | ||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||
Yue Yuen Industrial Holdings, Ltd. | 9,000 | 25,016 | ||||
TOTAL COMMON STOCKS (Cost $5,997,648) | 6,068,275 |
SHORT-TERM INVESTMENT — 0.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (c) (d) (Cost $4,358) | 4,358 | 4,358 | |
TOTAL INVESTMENTS — 99.9% (Cost $6,002,006) | 6,072,633 | ||
OTHER ASSETS IN EXCESS OF LIABILITIES — 0.1% | 7,995 | ||
NET ASSETS — 100.0% | $ 6,080,628 |
(a) | Non-income producing security. |
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 1.1% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(c) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(d) | The rate shown is the annualized seven-day yield at September 30, 2018. |
ADR | = American Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Airlines | $ 10,556 | $— | $— | $ 10,556 | ||||
Banks | 319,069 | — | — | 319,069 | ||||
Capital Markets | 397,418 | — | — | 397,418 | ||||
Communications Equipment | 10,306 | — | — | 10,306 | ||||
Diversified Telecommunication Services | 80,436 | — | — | 80,436 | ||||
Electric Utilities | 426,296 | — | — | 426,296 | ||||
Electrical Equipment | 34,837 | — | — | 34,837 | ||||
Equity Real Estate Investment Trusts (REITs) | 241,246 | — | — | 241,246 | ||||
Food & Staples Retailing | 54,018 | — | — | 54,018 | ||||
Food Products | 69,008 | — | — | 69,008 | ||||
Gas Utilities | 259,183 | — | — | 259,183 | ||||
Hotels, Restaurants & Leisure | 509,135 | — | — | 509,135 | ||||
Household Durables | 137,062 | — | — | 137,062 | ||||
Industrial Conglomerates | 686,310 | — | — | 686,310 | ||||
Insurance | 1,225,611 | — | — | 1,225,611 | ||||
Paper & Forest Products | 18,380 | — | — | 18,380 | ||||
Pharmaceuticals | 203,839 | — | — | 203,839 | ||||
Real Estate Management & Development | 1,218,594 | — | — | 1,218,594 | ||||
Road & Rail | 94,774 | — | — | 94,774 | ||||
Semiconductors & Semiconductor Equipment | 34,630 | — | — | 34,630 | ||||
Specialty Retail | 12,551 | — | — | 12,551 |
Table of Contents
SCHEDULE OF INVESTMENTS (continued)
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Textiles, Apparel & Luxury Goods | $ 25,016 | $— | $— | $ 25,016 | ||||
Short-Term Investment | 4,358 | — | — | 4,358 | ||||
TOTAL INVESTMENTS | $6,072,633 | $— | $— | $6,072,633 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | — | $— | $4,358 | $— | $— | $— | 4,358 | $4,358 | $2 | $— |
Table of Contents
Table of Contents
SPDR EURO STOXX Small Cap ETF | SPDR MSCI ACWI IMI ETF | SPDR MSCI ACWI Low Carbon Target ETF | SPDR Solactive Canada ETF | ||||
ASSETS | |||||||
Investments in unaffiliated issuers, at value* | $29,773,351 | $104,886,358 | $165,027,501 | $23,631,893 | |||
Investments in affiliated issuers, at value | 1,580,663 | 1,909,581 | 2,119,145 | 751,829 | |||
Total Investments | 31,354,014 | 106,795,939 | 167,146,646 | 24,383,722 | |||
Foreign currency, at value | — | 251,105 | 284,499 | 62,242 | |||
Cash | — | — | — | — | |||
Receivable for investments sold | 221,649 | — | — | — | |||
Receivable for fund shares sold | — | — | — | — | |||
Dividends receivable — unaffiliated issuers | 14,503 | 173,222 | 254,831 | 46,870 | |||
Dividends receivable — affiliated issuers | 5 | 373 | 314 | 6 | |||
Securities lending income receivable — unaffiliated issuers | 490 | 628 | 469 | 551 | |||
Securities lending income receivable — affiliated issuers | 752 | 2,341 | 646 | 401 | |||
Receivable from Adviser | — | — | 13,938 | 573 | |||
Receivable for foreign taxes recoverable | 35,611 | 34,162 | 66,367 | — | |||
Other Receivable | 2,815 | — | 1,382 | — | |||
TOTAL ASSETS | 31,629,839 | 107,257,770 | 167,769,092 | 24,494,365 | |||
LIABILITIES | |||||||
Due to custodian | 140,146 | — | — | — | |||
Payable upon return of securities loaned | 1,579,202 | 1,503,297 | 1,758,501 | 751,313 | |||
Payable for investments purchased | — | 283,409 | — | — | |||
Deferred foreign taxes payable | — | 6,714 | 7,703 | — | |||
Advisory fee payable | 11,137 | 21,478 | 40,630 | 5,172 | |||
Trustees’ fees and expenses payable | — | — | — | — | |||
Accrued expenses and other liabilities | — | — | 526 | — | |||
TOTAL LIABILITIES | 1,730,485 | 1,814,898 | 1,807,360 | 756,485 | |||
NET ASSETS | $29,899,354 | $105,442,872 | $165,961,732 | $23,737,880 | |||
NET ASSETS CONSIST OF: | |||||||
Paid-in Capital | $32,625,138 | $ 87,914,963 | $134,255,356 | $23,868,689 | |||
Total distributable earnings (loss)** | $ (2,725,784) | $ 17,527,909 | $ 31,706,376 | $ (130,809) | |||
NET ASSETS | $29,899,354 | $105,442,872 | $165,961,732 | $23,737,880 | |||
NET ASSET VALUE PER SHARE | |||||||
Net asset value per share | $ 59.80 | $ 81.11 | $ 92.20 | $ 59.34 | |||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 500,000 | 1,300,000 | 1,800,000 | 400,000 | |||
COST OF INVESTMENTS: | |||||||
Investments in unaffiliated issuers | $30,752,693 | $ 87,251,915 | $132,484,875 | $23,046,555 | |||
Investments in affiliated issuers | 1,580,663 | 1,897,457 | 2,111,499 | 751,829 | |||
Total cost of investments | $32,333,356 | $ 89,149,372 | $134,596,374 | $23,798,384 | |||
Foreign currency, at cost | $ — | $ 252,076 | $ 284,147 | $ 61,872 | |||
* Includes investments in securities on loan, at value | $ 1,862,236 | $ 3,671,438 | $ 3,558,152 | $ 2,510,781 | |||
** Includes deferred foreign taxes | $ — | $ 6,714 | $ 7,703 | $ — |
Table of Contents
SPDR MSCI China A Shares IMI ETF | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | SPDR MSCI EAFE StrategicFactors ETF | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | SPDR MSCI Emerging Markets StrategicFactors ETF | SPDR Solactive Germany ETF | SPDR Solactive Japan ETF | ||||||
$2,776,871 | $76,542,476 | $264,178,573 | $31,157,811 | $265,192,644 | $ 8,946,416 | $15,912,298 | ||||||
22,165 | 1,485,556 | 2,974,084 | 144,055 | 2,833,696 | 6,254 | 656,499 | ||||||
2,799,036 | 78,028,032 | 267,152,657 | 31,301,866 | 268,026,340 | 8,952,670 | 16,568,797 | ||||||
27,921 | 293,076 | 724,525 | 134,052 | 1,358,683 | 13,038 | 2,410 | ||||||
69 | — | — | — | 100,033 | — | — | ||||||
�� | — | — | 307 | — | — | — | ||||||
— | — | — | 6,272,377 | — | — | — | ||||||
72 | 206,852 | 757,165 | 28,258 | 289,464 | — | 124,484 | ||||||
43 | 40 | 108 | 23 | 213 | 9 | 9 | ||||||
— | 138 | 857 | 503 | 3,572 | — | 87 | ||||||
— | 375 | 1,200 | 158 | 3,372 | — | 122 | ||||||
— | 6,253 | — | — | — | 200 | 387 | ||||||
— | 76,018 | 297,186 | 286 | 425 | 110,461 | 6,223 | ||||||
— | 1,382 | 1,394 | 1,382 | — | — | — | ||||||
2,827,141 | 78,612,166 | 268,935,092 | 37,739,212 | 269,782,102 | 9,076,378 | 16,702,519 | ||||||
— | — | — | — | — | — | — | ||||||
— | 1,469,041 | 2,930,232 | 137,367 | 2,508,511 | — | 652,778 | ||||||
— | 186,598 | 263 | 6,231,712 | — | — | — | ||||||
— | — | — | 4,865 | 410,057 | — | — | ||||||
1,808 | 18,107 | 63,738 | 6,104 | 64,854 | 2,016 | 3,270 | ||||||
— | — | — | — | — | 3 | — | ||||||
23 | 1,115 | — | 1,321 | 73,449 | — | — | ||||||
1,831 | 1,674,861 | 2,994,233 | 6,381,369 | 3,056,871 | 2,019 | 656,048 | ||||||
$2,825,310 | $76,937,305 | $265,940,859 | $31,357,843 | $266,725,231 | $ 9,074,359 | $16,046,471 | ||||||
$3,554,058 | $73,655,299 | $256,374,376 | $31,196,113 | $262,812,528 | $10,455,056 | $17,131,471 | ||||||
$ (728,748) | $ 3,282,006 | $ 9,566,483 | $ 161,730 | $ 3,912,703 | $ (1,380,697) | $ (1,085,000) | ||||||
$2,825,310 | $76,937,305 | $265,940,859 | $31,357,843 | $266,725,231 | $ 9,074,359 | $16,046,471 | ||||||
$ 18.84 | $ 69.94 | $ 64.08 | $ 62.72 | $ 59.60 | $ 60.50 | $ 80.23 | ||||||
150,000 | 1,100,000 | 4,150,000 | 500,000 | 4,475,000 | 150,000 | 200,000 | ||||||
$3,039,082 | $73,471,008 | $256,312,254 | $30,758,144 | $251,959,812 | $ 9,211,853 | $15,996,537 | ||||||
22,165 | 1,485,556 | 2,974,084 | 144,055 | 2,833,696 | 6,254 | 656,499 | ||||||
$3,061,247 | $74,956,564 | $259,286,338 | $30,902,199 | $254,793,508 | $ 9,218,107 | $16,653,036 | ||||||
$ 28,061 | $ 293,380 | $ 726,745 | $ 134,078 | $ 1,352,045 | $ 13,099 | $ 2,427 | ||||||
$ — | $ 2,191,798 | $ 5,897,260 | $ 320,645 | $ 5,025,659 | $ — | $ 1,049,558 | ||||||
$ — | $ — | $ — | $ 4,865 | $ 410,057 | $ — | $ — |
Table of Contents
SPDR Solactive United Kingdom ETF | SPDR MSCI World StrategicFactors ETF | SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Global Dividend ETF | ||||
ASSETS | |||||||
Investments in unaffiliated issuers, at value* | $10,417,981 | $31,326,483 | $437,406,958 | $206,338,833 | |||
Investments in affiliated issuers, at value | 19,148 | 324,340 | 4,909,168 | 19,181,846 | |||
Total Investments | 10,437,129 | 31,650,823 | 442,316,126 | 225,520,679 | |||
Foreign currency, at value | 29,636 | 62,256 | 595,155 | 261,262 | |||
Cash | — | 25 | — | — | |||
Receivable for investments sold | — | — | 9,866,842 | — | |||
Dividends receivable — unaffiliated issuers | 23,699 | 52,773 | 781,818 | 706,856 | |||
Dividends receivable — affiliated issuers | 26 | 34 | 3,479 | 543 | |||
Securities lending income receivable — unaffiliated issuers | 7 | 51 | 18,254 | 4,212 | |||
Securities lending income receivable — affiliated issuers | — | 100 | 8,694 | 26,809 | |||
Receivable from Adviser | 278 | — | — | — | |||
Receivable for foreign taxes recoverable | 480 | 8,409 | — | 78,579 | |||
TOTAL ASSETS | 10,491,255 | 31,774,471 | 453,590,368 | 226,598,940 | |||
LIABILITIES | |||||||
Due to custodian | — | — | 476,864 | — | |||
Payable upon return of securities loaned | — | 298,707 | 4,909,168 | 19,113,339 | |||
Payable for investments purchased | — | — | — | — | |||
Payable for fund shares repurchased | — | — | 9,731,184 | — | |||
Deferred foreign taxes payable | — | — | 376,496 | — | |||
Advisory fee payable | 2,177 | 7,702 | 186,961 | 68,311 | |||
Accrued expenses and other liabilities | — | — | 6,584 | — | |||
TOTAL LIABILITIES | 2,177 | 306,409 | 15,687,257 | 19,181,650 | |||
NET ASSETS | $10,489,078 | $31,468,062 | $437,903,111 | $207,417,290 | |||
NET ASSETS CONSIST OF: | |||||||
Paid-in Capital | $11,839,057 | $28,877,230 | $448,321,635 | $219,111,092 | |||
Total distributable earnings (loss)** | $ (1,349,979) | $ 2,590,832 | $ (10,418,524) | $ (11,693,802) | |||
NET ASSETS | $10,489,078 | $31,468,062 | $437,903,111 | $207,417,290 | |||
NET ASSET VALUE PER SHARE | |||||||
Net asset value per share | $ 52.45 | $ 78.67 | $ 97.31 | $ 68.01 | |||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 200,000 | 400,000 | 4,500,000 | 3,050,000 | |||
COST OF INVESTMENTS: | |||||||
Investments in unaffiliated issuers | $10,803,605 | $28,621,330 | $386,572,167 | $209,844,455 | |||
Investments in affiliated issuers | 19,148 | 325,342 | 4,909,168 | 19,181,846 | |||
Total cost of investments | $10,822,753 | $28,946,672 | $391,481,335 | $229,026,301 | |||
Foreign currency, at cost | $ 29,685 | $ 62,764 | $ 595,088 | $ 263,063 | |||
* Includes investments in securities on loan, at value | $ 6,516 | $ 548,391 | $ 21,816,368 | $ 30,051,565 | |||
** Includes deferred foreign taxes | $ — | $ — | $ 376,510 | $ — |
Table of Contents
SPDR S&P Global Infrastructure ETF | SPDR Solactive Hong Kong ETF | |
$252,036,259 | $6,068,275 | |
5,800,182 | 4,358 | |
257,836,441 | 6,072,633 | |
358,454 | 6,406 | |
7 | — | |
17,463,027 | — | |
449,408 | 1,866 | |
949 | 2 | |
1,682 | — | |
1,414 | — | |
— | 120 | |
32,880 | — | |
276,144,262 | 6,081,027 | |
— | — | |
4,976,109 | — | |
18,876,785 | — | |
— | — | |
— | — | |
82,131 | 399 | |
— | — | |
23,935,025 | 399 | |
$252,209,237 | $6,080,628 | |
$274,061,204 | $6,008,356 | |
$ (21,851,967) | $ 72,272 | |
$252,209,237 | $6,080,628 | |
$ 48.50 | $ 60.81 | |
5,200,000 | 100,000 | |
$250,201,938 | $5,997,648 | |
5,800,182 | 4,358 | |
$256,002,120 | $6,002,006 | |
$ 358,590 | $ 6,422 | |
$ 13,027,350 | $ — | |
$ — | $ — |
Table of Contents
SPDR EURO STOXX Small Cap ETF | SPDR MSCI ACWI IMI ETF | SPDR MSCI ACWI Low Carbon Target ETF | SPDR Solactive Canada ETF | ||||
INVESTMENT INCOME | |||||||
Dividend income — unaffiliated issuers | $ 1,066,963 | $2,484,278 | $ 3,889,829 | $ 1,117,832 | |||
Dividend income — affiliated issuers | 94 | 5,439 | 5,188 | 320 | |||
Unaffiliated securities lending income | 3,921 | 7,851 | 6,186 | 4,891 | |||
Affiliated securities lending income | 13,591 | 21,172 | 16,378 | 3,936 | |||
Foreign taxes withheld | (137,708) | (139,778) | (226,569) | (166,818) | |||
TOTAL INVESTMENT INCOME (LOSS) | 946,861 | 2,378,962 | 3,691,012 | 960,161 | |||
EXPENSES | |||||||
Advisory fee | 157,717 | 246,288 | 467,488 | 116,931 | |||
Trustees’ fees and expenses | 554 | 1,783 | 2,818 | 763 | |||
Miscellaneous expenses | 1,468 | 195 | 185 | 2 | |||
TOTAL EXPENSES | 159,739 | 248,266 | 470,491 | 117,696 | |||
Expenses waived/reimbursed by the Adviser | — | — | (158,647) | (573) | |||
NET EXPENSES | 159,739 | 248,266 | 311,844 | 117,123 | |||
NET INVESTMENT INCOME (LOSS) | 787,122 | 2,130,696 | 3,379,168 | 843,038 | |||
REALIZED AND UNREALIZED GAIN (LOSS) | |||||||
Net realized gain (loss) on: | |||||||
Investments — unaffiliated issuers* | 493,608 | (906,916) | (765,695) | (452,497) | |||
Investments — affiliated issuers | — | — | 6,070 | — | |||
In-kind redemptions — unaffiliated issuers | 1,158,207 | — | — | 5,395,207 | |||
Foreign currency transactions | (14,153) | (22,955) | (53,922) | (2,991) | |||
Futures contracts | — | — | — | — | |||
Net realized gain (loss) | 1,637,662 | (929,871) | (813,547) | 4,939,719 | |||
Net change in unrealized appreciation/depreciation on: | |||||||
Investments — unaffiliated issuers** | (3,910,346) | 8,408,617 | 11,336,369 | (4,990,684) | |||
Investments — affiliated issuers | — | (16,247) | (20,722) | — | |||
Foreign currency translations | (2,116) | (1,073) | (558) | 2,286 | |||
Futures contracts | — | — | — | — | |||
Net change in unrealized appreciation/depreciation | (3,912,462) | 8,391,297 | 11,315,089 | (4,988,398) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (2,274,800) | 7,461,426 | 10,501,542 | (48,679) | |||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(1,487,678) | $9,592,122 | $13,880,710 | $ 794,359 | |||
* Includes foreign capital gain taxes | $ — | $ (1,365) | $ (1) | $ — | |||
** Includes foreign deferred taxes | $ — | $ (6,714) | $ 4,068 | $ — |
Table of Contents
SPDR MSCI China A Shares IMI ETF | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | SPDR MSCI EAFE StrategicFactors ETF | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | SPDR MSCI Emerging Markets StrategicFactors ETF | SPDR Solactive Germany ETF | SPDR Solactive Japan ETF | ||||||
47,375 | $ 2,161,435 | $ 8,136,433 | $ 647,954 | $ 8,318,834 | $ 309,946 | $ 456,247 | ||||||
171 | 738 | 3,037 | 9,703 | 6,303 | 130 | 200 | ||||||
— | 3,219 | 13,583 | 3,128 | 18,905 | 28 | 822 | ||||||
— | 16,518 | 49,959 | 2,343 | 28,283 | — | 1,759 | ||||||
(4,761) | (200,088) | (670,558) | (85,499) | (968,486) | (41,625) | (45,586) | ||||||
42,785 | 1,981,822 | 7,532,454 | 577,629 | 7,403,839 | 268,479 | 413,442 | ||||||
17,057 | 189,667 | 712,743 | 71,913 | 809,822 | 38,794 | 56,033 | ||||||
23 | 1,035 | 4,177 | 414 | 4,877 | 278 | 339 | ||||||
637 | 32 | 2,136 | 906 | 20 | 49 | 1 | ||||||
17,717 | 190,734 | 719,056 | 73,233 | 814,719 | 39,121 | 56,373 | ||||||
— | (64,257) | — | — | — | (200) | (387) | ||||||
17,717 | 126,477 | 719,056 | 73,233 | 814,719 | 38,921 | 55,986 | ||||||
25,068 | 1,855,345 | 6,813,398 | 504,396 | 6,589,120 | 229,558 | 357,456 | ||||||
(429,506) | (249,454) | (628,046) | (523,589) | (5,703,398) | (158,704) | (956,094) | ||||||
— | — | — | — | — | — | — | ||||||
— | 731,614 | 11,536,535 | — | 6,179,982 | 2,475,406 | 2,428,502 | ||||||
(1,360) | (13,268) | (94,876) | 4,543 | (325,972) | (552) | (6,139) | ||||||
— | — | — | 64,456 | — | — | — | ||||||
(430,866) | 468,892 | 10,813,613 | (454,590) | 150,612 | 2,316,150 | 1,466,269 | ||||||
(184,123) | (2,211,858) | (11,624,965) | (1,197,814) | (13,468,929) | (2,001,282) | (1,092,626) | ||||||
— | — | — | — | — | — | — | ||||||
(222) | (1,691) | (9,715) | 835 | 10,658 | (3,019) | (147) | ||||||
— | — | — | 16,138 | — | — | — | ||||||
(184,345) | (2,213,549) | (11,634,680) | (1,180,841) | (13,458,271) | (2,004,301) | (1,092,773) | ||||||
(615,211) | (1,744,657) | (821,067) | (1,635,431) | (13,307,659) | 311,849 | 373,496 | ||||||
$(590,143) | $ 110,688 | $ 5,992,331 | $(1,131,035) | $ (6,718,539) | $ 541,407 | $ 730,952 | ||||||
$ — | $ — | $ — | $ — | $ (47) | $ — | $ — | ||||||
$ — | $ — | $ — | $ (4,865) | $ (332,298) | $ — | $ — |
Table of Contents
SPDR Solactive United Kingdom ETF | SPDR MSCI World StrategicFactors ETF | SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Global Dividend ETF | ||||
INVESTMENT INCOME | |||||||
Dividend income — unaffiliated issuers | $ 555,813 | $ 718,891 | $ 12,494,223 | $ 8,894,205 | |||
Dividend income — affiliated issuers | 138 | 726 | 17,844 | 4,074 | |||
Unaffiliated securities lending income | 19 | 805 | 185,169 | 47,423 | |||
Affiliated securities lending income | 337 | 2,365 | 173,056 | 246,930 | |||
Foreign taxes withheld | (4,509) | (36,812) | (1,454,595) | (725,505) | |||
TOTAL INVESTMENT INCOME (LOSS) | 551,798 | 685,975 | 11,415,697 | 8,467,127 | |||
EXPENSES | |||||||
Advisory fee | 35,001 | 84,595 | 2,378,699 | 749,380 | |||
Trustees’ fees and expenses | 216 | 532 | 8,254 | 3,334 | |||
Miscellaneous expenses | 20 | 73 | 16 | 3,047 | |||
TOTAL EXPENSES | 35,237 | 85,200 | 2,386,969 | 755,761 | |||
Expenses waived/reimbursed by the Adviser | (278) | — | — | — | |||
NET EXPENSES | 34,959 | 85,200 | 2,386,969 | 755,761 | |||
NET INVESTMENT INCOME (LOSS) | 516,839 | 600,775 | 9,028,728 | 7,711,366 | |||
REALIZED AND UNREALIZED GAIN (LOSS) | |||||||
Net realized gain (loss) on: | |||||||
Investments — unaffiliated issuers* | (572,307) | (374,913) | (1,670,599) | (3,769,197) | |||
Investments — affiliated issuers | — | 1,725 | — | — | |||
In-kind redemptions — unaffiliated issuers | 685,547 | 1,712,790 | 7,253,479 | 16,127,914 | |||
Foreign currency transactions | (12,813) | (1,808) | (184,314) | (67,598) | |||
Net realized gain (loss) | 100,427 | 1,337,794 | 5,398,566 | 12,291,119 | |||
Net change in unrealized appreciation/depreciation on: | |||||||
Investments — unaffiliated issuers** | (315,055) | 900,713 | (16,725,731) | (12,886,704) | |||
Investments — affiliated issuers | — | (2,803) | — | — | |||
Foreign currency translations | (514) | (924) | (700) | 878 | |||
Net change in unrealized appreciation/depreciation | (315,569) | 896,986 | (16,726,431) | (12,885,826) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (215,142) | 2,234,780 | (11,327,865) | (594,707) | |||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ 301,697 | $2,835,555 | $ (2,299,137) | $ 7,116,659 | |||
* Includes foreign capital gain taxes | $ — | $ — | $ (352) | $ — | |||
** Includes foreign deferred taxes | $ — | $ — | $ (233,745) | $ — |
Table of Contents
SPDR S&P Global Infrastructure ETF | SPDR Solactive Hong Kong ETF *** | |
8,991,371 | 1,871 | |
6,230 | 2 | |
10,277 | — | |
54,142 | — | |
(614,336) | — | |
8,447,684 | 1,873 | |
840,978 | 399 | |
3,698 | — | |
11,724 | — | |
856,400 | 399 | |
— | (120) | |
856,400 | 279 | |
7,591,284 | 1,594 | |
(5,481,101) | 183 | |
— | — | |
1,281,487 | — | |
(247,485) | (111) | |
(4,447,099) | 72 | |
(11,197,531) | 70,627 | |
— | — | |
(711) | (21) | |
(11,198,242) | 70,606 | |
(15,645,341) | 70,678 | |
$ (8,054,057) | $72,272 | |
$ — | $ — | |
$ — | $ — |
Table of Contents
SPDR EURO STOXX Small Cap ETF | SPDR MSCI ACWI IMI ETF | ||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | ||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||||||
Net investment income (loss) | $ 787,122 | $ 237,931 | $ 2,130,696 | $ 1,928,550 | |||
Net realized gain (loss) | 1,637,662 | 515,016 | (929,871) | 3,826,936 | |||
Net change in unrealized appreciation/depreciation | (3,912,462) | 3,288,061 | 8,391,297 | 9,476,943 | |||
Net increase (decrease) in net assets resulting from operations | (1,487,678) | 4,041,008 | 9,592,122 | 15,232,429 | |||
Net equalization credits and charges | (10,680) | 1,847 | — | — | |||
Distributions to shareholders | (716,377) | (243,975)(a) | (2,168,172) | (1,770,932)(b) | |||
Return of capital | — | — | — | — | |||
Total Distributions to shareholders | (716,377) | (243,975) | (2,168,172) | (1,770,932) | |||
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||||||
Proceeds from sale of shares sold | 22,456,335 | 3,117,605 | 7,697,588 | 26,144,694 | |||
Cost of shares redeemed | (9,121,521) | — | — | (14,167,487) | |||
Net income equalization | 10,680 | (1,847) | — | — | |||
Other capital | — | — | — | — | |||
Net increase (decrease) in net assets from beneficial interest transactions | 13,345,494 | 3,115,758 | 7,697,588 | 11,977,207 | |||
Net increase (decrease) in net assets during the period | 11,130,759 | 6,914,638 | 15,121,538 | 25,438,704 | |||
Net assets at beginning of period | 18,768,595 | 11,853,957 | 90,321,334 | 64,882,630 | |||
NET ASSETS AT END OF PERIOD | $29,899,354 | $18,768,595(f) | $105,442,872 | $90,321,334(g) | |||
SHARES OF BENEFICIAL INTEREST: | |||||||
Shares sold | 350,000 | 50,000 | 100,000 | 400,000 | |||
Shares redeemed | (150,000) | — | — | (200,000) | |||
Net increase (decrease) | 200,000 | 50,000 | 100,000 | 200,000 |
(a) | For the period ended September 30, 2017, the distributions to shareholders was $243,975 from net investment income. See Note 12 on the notes to financial statements. |
(b) | For the period ended September 30, 2017, the distributions to shareholders was $1,770,932 from net investment income. See Note 12 on the notes to financial statements. |
(c) | For the period ended September 30, 2017, the distributions to shareholders was $2,915,464 from net investment income. See Note 12 on the notes to financial statements. |
(d) | For the period ended September 30, 2017, the distributions to shareholders was $529,524 from net investment income. See Note 12 on the notes to financial statements. |
(e) | For the period ended September 30, 2017, the distributions to shareholders was $12,958 from net investment income. See Note 12 on the notes to financial statements. |
(f) | Undistributed (distributions in excess of) net investment income amounted to $39,536 at September 30, 2017. See Note 12 on the notes to financial statements. |
(g) | Undistributed (distributions in excess of) net investment income amounted to $837,631 at September 30, 2017. See Note 12 on the notes to financial statements. |
(h) | Undistributed (distributions in excess of) net investment income amounted to $542,293 at September 30, 2017. See Note 12 on the notes to financial statements. |
(i) | Undistributed (distributions in excess of) net investment income amounted to $167,770 at September 30, 2017. See Note 12 on the notes to financial statements. |
(j) | Undistributed (distributions in excess of) net investment income amounted to $0 at September 30, 2017. See Note 12 on the notes to financial statements. |
Table of Contents
SPDR MSCI ACWI Low Carbon Target ETF | SPDR Solactive Canada ETF | SPDR MSCI China A Shares IMI ETF | ||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | |||||
$ 3,379,168 | $ 2,942,232 | $ 843,038 | $ 602,610 | $ 25,068 | $ 13,085 | |||||
(813,547) | (99,729) | 4,939,719 | (252,542) | (430,866) | (25,119) | |||||
11,315,089 | 19,444,957 | (4,988,398) | 4,182,781 | (184,345) | 242,801 | |||||
13,880,710 | 22,287,460 | 794,359 | 4,532,849 | (590,143) | 230,767 | |||||
10,352 | 276,534 | (89,603) | 48,731 | 4,087 | — | |||||
(3,105,868) | (2,915,464)(c) | (809,694) | (529,524)(d) | — | (12,958)(e) | |||||
— | — | — | — | — | (7,669) | |||||
(3,105,868) | (2,915,464) | (809,694) | (529,524) | — | (20,627) | |||||
8,953,370 | 30,178,050 | 11,903,961 | 16,319,215 | 2,878,344 | — | |||||
— | — | (26,903,484) | — | (1,833,838) | — | |||||
(10,352) | (276,534) | 89,603 | (48,731) | (4,087) | — | |||||
— | — | — | — | 13,614 | — | |||||
8,943,018 | 29,901,516 | (14,909,920) | 16,270,484 | 1,054,033 | — | |||||
19,728,212 | 49,550,046 | (15,014,858) | 20,322,540 | 467,977 | 210,140 | |||||
146,233,520 | 96,683,474 | 38,752,738 | 18,430,198 | 2,357,333 | 2,147,193 | |||||
$165,961,732 | $146,233,520(h) | $ 23,737,880 | $38,752,738(i) | $ 2,825,310 | $2,357,333(j) | |||||
100,000 | 400,000 | 200,000 | 300,000 | 150,000 | — | |||||
— | — | (450,000) | — | (100,000) | — | |||||
100,000 | 400,000 | (250,000) | 300,000 | 50,000 | — |
Table of Contents
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | SPDR MSCI EAFE StrategicFactors ETF | ||||||
Year Ended 9/30/18 | For the Period October 24, 2016 * - 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | ||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||||||
Net investment income (loss) | $ 1,855,345 | $ 886,180 | $ 6,813,398 | $ 3,428,424 | |||
Net realized gain (loss) | 468,892 | 180,696 | 10,813,613 | 3,033 | |||
Net change in unrealized appreciation/depreciation | (2,213,549) | 5,284,333 | (11,634,680) | 19,736,059 | |||
Net increase (decrease) in net assets resulting from operations | 110,688 | 6,351,209 | 5,992,331 | 23,167,516 | |||
Net equalization credits and charges | 33,414 | 10,704 | — | — | |||
Distributions to shareholders | (1,651,338) | (803,032)(k) | (5,556,394) | (2,367,462)(l) | |||
Total Distributions to shareholders | (1,651,338) | (803,032) | (5,556,394) | (2,367,462) | |||
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||||||
Proceeds from sale of shares sold | 36,052,585 | 40,431,724 | 124,526,183 | 163,529,104 | |||
Cost of shares redeemed | (3,554,531) | — | (51,668,047) | — | |||
Net income equalization | (33,414) | (10,704) | — | — | |||
Other capital | — | — | 2,733 | — | |||
Net increase (decrease) in net assets from beneficial interest transactions | 32,464,640 | 40,421,020 | 72,860,869 | 163,529,104 | |||
Net increase (decrease) in net assets during the period | 30,957,404 | 45,979,901 | 73,296,806 | 184,329,158 | |||
Net assets at beginning of period | 45,979,901 | — | 192,644,053 | 8,314,895 | |||
NET ASSETS AT END OF PERIOD | $76,937,305 | $45,979,901(p) | $265,940,859 | $192,644,053(q) | |||
SHARES OF BENEFICIAL INTEREST: | |||||||
Shares sold | 500,000 | 650,000 | 1,900,000 | 2,900,000 | |||
Shares redeemed | (50,000) | — | (800,000) | — | |||
Net increase (decrease) | 450,000 | 650,000 | 1,100,000 | 2,900,000 |
* | Inception date. |
(k) | For the period ended September 30, 2017, the distributions to shareholders was $803,032 from net investment income. See Note 12 on the notes to financial statements. |
(l) | For the period ended September 30, 2017, the distributions to shareholders was $2,367,462 from net investment income. See Note 12 on the notes to financial statements. |
(m) | For the period ended September 30, 2017, the distributions to shareholders was $231,170 from net investment income. See Note 12 on the notes to financial statements. |
(n) | For the period ended September 30, 2017, the distributions to shareholders was $2,754,029 from net investment income. See Note 12 on the notes to financial statements. |
(o) | For the period ended September 30, 2017, the distributions to shareholders was $389,383 from net investment income. See Note 12 on the notes to financial statements. |
(p) | Undistributed (distributions in excess of) net investment income amounted to $91,937 at September 30, 2017. See Note 12 on the notes to financial statements. |
(q) | Undistributed (distributions in excess of) net investment income amounted to $1,154,134 at September 30, 2017. See Note 12 on the notes to financial statements. |
(r) | Undistributed (distributions in excess of) net investment income amounted to $(23,946) at September 30, 2017. See Note 12 on the notes to financial statements. |
(s) | Undistributed (distributions in excess of) net investment income amounted to $2,413,893 at September 30, 2017. See Note 12 on the notes to financial statements. |
(t) | Undistributed (distributions in excess of) net investment income amounted to $0 at September 30, 2017. See Note 12 on the notes to financial statements. |
Table of Contents
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | SPDR MSCI Emerging Markets StrategicFactors ETF | SPDR Solactive Germany ETF | ||||||||
Year Ended 9/30/18 | For the Period October 24, 2016 * - 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | |||||
$ 504,396 | $ 211,804 | $ 6,589,120 | $ 4,025,325 | $ 229,558 | $ 283,624 | |||||
(454,590) | 92,836 | 150,612 | (753,946) | 2,316,150 | (626,389) | |||||
(1,180,841) | 1,575,752 | (13,458,271) | 22,801,699 | (2,004,301) | 1,979,796 | |||||
(1,131,035) | 1,880,392 | (6,718,539) | 26,073,078 | 541,407 | 1,637,031 | |||||
88,133 | 26,909 | — | — | (10,781) | 117,483 | |||||
(356,633) | (231,170)(m) | (5,284,674) | (2,754,029)(n) | (251,826) | (389,383)(o) | |||||
(356,633) | (231,170) | (5,284,674) | (2,754,029) | (251,826) | (389,383) | |||||
16,522,790 | 14,664,269 | 108,165,929 | 74,051,529 | 6,122,919 | 11,900,436 | |||||
— | — | (43,549,399) | — | (16,255,158) | (7,261,821) | |||||
(88,133) | (26,909) | — | — | 10,781 | (117,483) | |||||
4,608 | 4,622 | 166,951 | 35,154 | — | — | |||||
16,439,265 | 14,641,982 | 64,783,481 | 74,086,683 | (10,121,458) | 4,521,132 | |||||
15,039,730 | 16,318,113 | 52,780,268 | 97,405,732 | (9,842,658) | 5,886,263 | |||||
16,318,113 | — | 213,944,963 | 116,539,231 | 18,917,017 | 13,030,754 | |||||
$31,357,843 | $16,318,113(r) | $266,725,231 | $213,944,963(s) | $ 9,074,359 | $18,917,017(t) | |||||
250,000 | 250,000 | 1,675,000 | 1,350,000 | 100,000 | 200,000 | |||||
— | — | (725,000) | — | (250,000) | (150,000) | |||||
250,000 | 250,000 | 950,000 | 1,350,000 | (150,000) | 50,000 |
Table of Contents
SPDR Solactive Japan ETF | SPDR Solactive United Kingdom ETF | ||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | ||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||||||
Net investment income (loss) | $ 357,456 | $ 229,671 | $ 516,839 | $ 239,185 | |||
Net realized gain (loss) | 1,466,269 | 782,617 | 100,427 | 125,843 | |||
Net change in unrealized appreciation/depreciation | (1,092,773) | 587,322 | (315,569) | 400,819 | |||
Net increase (decrease) in net assets resulting from operations | 730,952 | 1,599,610 | 301,697 | 765,847 | |||
Net equalization credits and charges | (13,547) | (1,004) | 61,130 | 124,450 | |||
Distributions to shareholders | (324,635) | (216,441)(u) | (488,238) | (329,690)(v) | |||
Total Distributions to shareholders | (324,635) | (216,441) | (488,238) | (329,690) | |||
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||||||
Proceeds from sale of shares sold | 24,019,758 | 6,962,943 | 18,744,529 | 10,254,196 | |||
Cost of shares redeemed | (23,276,759) | (6,935,724) | (13,367,633) | (7,804,799) | |||
Net income equalization | 13,547 | 1,004 | (61,130) | (124,450) | |||
Other capital | — | — | — | — | |||
Net increase (decrease) in net assets from beneficial interest transactions | 756,546 | 28,223 | 5,315,766 | 2,324,947 | |||
Net increase (decrease) in net assets during the period | 1,149,316 | 1,410,388 | 5,190,355 | 2,885,554 | |||
Net assets at beginning of period | 14,897,155 | 13,486,767 | 5,298,723 | 2,413,169 | |||
NET ASSETS AT END OF PERIOD | $ 16,046,471 | $14,897,155(z) | $ 10,489,078 | $5,298,723(aa) | |||
SHARES OF BENEFICIAL INTEREST: | |||||||
Shares sold | 300,000 | 100,000 | 350,000 | 200,000 | |||
Shares redeemed | (300,000) | (100,000) | (250,000) | (150,000) | |||
Net increase (decrease) | — | — | 100,000 | 50,000 |
(u) | For the period ended September 30, 2017, the distributions to shareholders was $216,441 from net investment income. See Note 12 on the notes to financial statements. |
(v) | For the period ended September 30, 2017, the distributions to shareholders was $329,690 from net investment income. See Note 12 on the notes to financial statements. |
(w) | For the period ended September 30, 2017, the distributions to shareholders was $400,647 from net investment income. See Note 12 on the notes to financial statements. |
(x) | For the period ended September 30, 2017, the distributions to shareholders was $7,047,374 from net investment income. See Note 12 on the notes to financial statements. |
(y) | For the period ended September 30, 2017, the distributions to shareholders was $4,751,992 from net investment income. See Note 12 on the notes to financial statements. |
(z) | Undistributed (distributions in excess of) net investment income amounted to $102,102 at September 30, 2017. See Note 12 on the notes to financial statements. |
(aa) | Undistributed (distributions in excess of) net investment income amounted to $(4,993) at September 30, 2017. See Note 12 on the notes to financial statements. |
(ab) | Undistributed (distributions in excess of) net investment income amounted to $164,753 at September 30, 2017. See Note 12 on the notes to financial statements. |
(ac) | Undistributed (distributions in excess of) net investment income amounted to $3,688,117 for the period ended September 30, 2017. See Note 12 on the notes to financial statements. |
(ad) | Undistributed (distributions in excess of) net investment income amounted to $104,420 at September 30, 2017. See Note 12 on the notes to financial statements. |
Table of Contents
SPDR MSCI World StrategicFactors ETF | SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Global Dividend ETF | ||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/18 | Year Ended 9/30/17 | |||||
$ 600,775 | $ 523,246 | $ 9,028,728 | $ 6,803,975 | $ 7,711,366 | $ 4,815,094 | |||||
1,337,794 | 1,695,548 | 5,398,566 | (2,099,858) | 12,291,119 | 2,573,035 | |||||
896,986 | 1,458,613 | (16,726,431) | 66,181,801 | (12,885,826) | 7,158,254 | |||||
2,835,555 | 3,677,407 | (2,299,137) | 70,885,918 | 7,116,659 | 14,546,383 | |||||
— | — | — | — | 151,319 | 194,504 | |||||
(617,481) | (400,647)(w) | (8,629,436) | (7,047,374)(x) | (6,810,482) | (4,751,992)(y) | |||||
(617,481) | (400,647) | (8,629,436) | (7,047,374) | (6,810,482) | (4,751,992) | |||||
15,149,291 | 19,119,111 | 74,204,656 | 29,445,089 | 110,524,336 | 57,947,434 | |||||
(7,504,842) | (7,165,424) | (39,087,690) | (15,502,785) | (69,138,491) | (6,314,476) | |||||
— | — | — | — | (151,319) | (194,504) | |||||
— | — | 61,962 | 13,499 | 93 | — | |||||
7,644,449 | 11,953,687 | 35,178,928 | 13,955,803 | 41,234,619 | 51,438,454 | |||||
9,862,523 | 15,230,447 | 24,250,355 | 77,794,347 | 41,692,115 | 61,427,349 | |||||
21,605,539 | 6,375,092 | 413,652,756 | 335,858,409 | 165,725,175 | 104,297,826 | |||||
$31,468,062 | $21,605,539(ab) | $437,903,111 | $413,652,756(ac) | $207,417,290 | $165,725,175(ad) | |||||
200,000 | 300,000 | 700,000 | 300,000 | 1,550,000 | 900,000 | |||||
(100,000) | (100,000) | (400,000) | (200,000) | (950,000) | (100,000) | |||||
100,000 | 200,000 | 300,000 | 100,000 | 600,000 | 800,000 |
Table of Contents
SPDR S&P Global Infrastructure ETF | |||
Year Ended 9/30/18 | Year Ended 9/30/17 | ||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||
Net investment income (loss) | $ 7,591,284 | $ 4,524,990 | |
Net realized gain (loss) | (4,447,099) | (420,266) | |
Net change in unrealized appreciation/depreciation | (11,198,242) | 13,120,650 | |
Net increase (decrease) in net assets resulting from operations | (8,054,057) | 17,225,374 | |
Distributions to shareholders | (6,140,614) | (3,938,322)(ae) | |
Total Distributions to shareholders | (6,140,614) | (3,938,322) | |
FROM BENEFICIAL INTEREST TRANSACTIONS: | |||
Proceeds from sale of shares sold | 90,329,739 | 91,715,714 | |
Cost of shares redeemed | (5,306,625) | (9,475,992) | |
Other capital | 3,844 | — | |
Net increase (decrease) in net assets from beneficial interest transactions | 85,026,958 | 82,239,722 | |
Net increase (decrease) in net assets during the period | 70,832,287 | 95,526,774 | |
Net assets at beginning of period | 181,376,950 | 85,850,176 | |
NET ASSETS AT END OF PERIOD | $252,209,237 | $181,376,950(af) | |
SHARES OF BENEFICIAL INTEREST: | |||
Shares sold | 1,800,000 | 1,900,000 | |
Shares redeemed | (100,000) | (200,000) | |
Net increase (decrease) | 1,700,000 | 1,700,000 |
* | Inception date. |
(ae) | For the period ended September 30, 2017, the distributions to shareholders was $3,938,322 from net investment income. See Note 12 on the notes to financial statements. |
(af) | Undistributed (distributions in excess of) net investment income amounted to $1,416,548 for the period ended September 30, 2017. See Note 12 on the notes to financial statements. |
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SPDR Solactive Hong Kong ETF |
For the Period 9/18/18* - 9/30/18 |
$ 1,594 |
72 |
70,606 |
72,272 |
— |
— |
6,000,000 |
— |
8,356 |
6,008,356 |
6,080,628 |
— |
$6,080,628 |
100,000 |
— |
100,000 |
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SPDR EURO STOXX Small Cap ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/4/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 62.56 | $ 47.42 | $ 46.83 | $ 50.65 | $ 60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.41 | 0.94 | 1.00 | 1.18 | 0.16 | ||||
Net realized and unrealized gain (loss) (b) | (3.00) | 15.17 | 0.43 | (4.00) | (9.47) | ||||
Total from investment operations | (1.59) | 16.11 | 1.43 | (2.82) | (9.31) | ||||
Net equalization credits and charges (a) | (0.02) | 0.01 | (0.04) | 0.40 | — | ||||
Voluntary contribution from Adviser | — | — | — | — | 0.07 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.15) | (0.98) | (0.80) | (1.40) | (0.11) | ||||
Net asset value, end of period | $ 59.80 | $ 62.56 | $ 47.42 | $ 46.83 | $ 50.65 | ||||
Total return (c) | (2.59)% | 34.30% | 3.14% | (4.97)% | (15.43)%(d) | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $29,899 | $18,769 | $11,854 | $11,708 | $ 7,598 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.46% | 0.45% | 0.45% | 0.46% | 0.45%(e) | ||||
Net investment income (loss) | 2.25% | 1.79% | 2.13% | 2.33% | 0.89%(e) | ||||
Portfolio turnover rate (f) | 61% | 40% | 53% | 46% | 30%(g) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | If the Adviser had not made a contribution during the period ended September 30, 2014, the total return would have been (15.54)%. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Not annualized. |
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SPDR MSCI ACWI IMI ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 75.27 | $ 64.88 | $ 58.64 | $ 63.82 | $ 58.20 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.71 | 1.55 | 1.53 | 1.74 | 1.48 | ||||
Net realized and unrealized gain (loss) (b) | 5.89 | 10.34 | 6.12 | (5.17) | 5.39 | ||||
Total from investment operations | 7.60 | 11.89 | 7.65 | (3.43) | 6.87 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.76) | (1.50) | (1.41) | (1.75) | (1.21) | ||||
Net realized gains | — | — | — | (0.00)(c) | (0.04) | ||||
Total distributions | (1.76) | (1.50) | (1.41) | (1.75) | (1.25) | ||||
Net asset value, end of period | $ 81.11 | $ 75.27 | $ 64.88 | $ 58.64 | $ 63.82 | ||||
Total return (d) | 10.17% | 18.58% | 13.20% | (5.61)% | 11.77% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $105,443 | $90,321 | $64,883 | $35,186 | $57,434 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | ||||
Net investment income (loss) | 2.16% | 2.25% | 2.48% | 2.70% | 2.31% | ||||
Portfolio turnover rate (e) | 4% | 2% | 2% | 3% | 0%(f) |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Amount is less than 0.5%. |
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SPDR MSCI ACWI Low Carbon Target ETF | |||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | For the Period 11/26/14* - 9/30/15 | ||||
Net asset value, beginning of period | $ 86.02 | $ 74.37 | $ 67.90 | $ 75.00 | |||
Income (loss) from investment operations: | |||||||
Net investment income (loss) (a) | 1.96 | 1.82 | 1.69 | 1.53 | |||
Net realized and unrealized gain (loss) (b) | 6.04 | 11.37 | 6.47 | (7.64) | |||
Total from investment operations | 8.00 | 13.19 | 8.16 | (6.11) | |||
Net equalization credits and charges (a) | 0.01 | 0.17 | 0.02 | 0.03 | |||
Distributions to shareholders from: | |||||||
Net investment income | (1.83) | (1.71) | (1.66) | (1.02) | |||
Net realized gains | — | — | (0.05) | — | |||
Total distributions | (1.83) | (1.71) | �� | (1.71) | (1.02) | ||
Net asset value, end of period | $ 92.20 | $ 86.02 | $ 74.37 | $ 67.90 | |||
Total return (c) | 9.36% | 18.16% | 12.22% | (8.25)% | |||
Ratios and Supplemental Data: | |||||||
Net assets, end of period (in 000s) | $165,962 | $146,234 | $96,683 | $81,474 | |||
Ratios to average net assets: | |||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30%(d) | |||
Net expenses | 0.20% | 0.20% | 0.20% | 0.20%(d) | |||
Net investment income (loss) | 2.17% | 2.28% | 2.38% | 2.42%(d) | |||
Portfolio turnover rate (e) | 17% | 12% | 12% | 4%(f) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Not annualized. |
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SPDR Solactive Canada ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/11/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 59.62 | $ 52.66 | $ 46.60 | $ 59.82 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.28 | 1.17 | 1.13 | 1.18 | 0.39 | ||||
Net realized and unrealized gain (loss) (b) | (0.21) | 6.80 | 5.90 | (13.19) | (0.55) | ||||
Total from investment operations | 1.07 | 7.97 | 7.03 | (12.01) | (0.16) | ||||
Net equalization credits and charges (a) | (0.14) | 0.09 | 0.11 | 0.40 | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.21) | (1.10) | (1.08) | (1.61) | (0.02) | ||||
Net asset value, end of period | $ 59.34 | $ 59.62 | $ 52.66 | $ 46.60 | $59.82 | ||||
Total return (c) | 1.54% | 15.52% | 15.62% | (19.84)% | (0.26)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $23,738 | $38,753 | $18,430 | $ 9,319 | $2,991 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(d) | ||||
Net expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(d) | ||||
Net investment income (loss) | 2.15% | 2.11% | 2.30% | 2.21% | 2.06%(d) | ||||
Portfolio turnover rate (e) | 29% | 17% | 21% | 15% | 2%(f) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Not annualized. |
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SPDR MSCI China A Shares IMI ETF | |||||
Year Ended 9/30/18 | Year Ended 9/30/17 | For the Period 10/29/15* - 9/30/16 | |||
Net asset value, beginning of period | $ 23.57 | $21.47 | $ 25.00 | ||
Income (loss) from investment operations: | |||||
Net investment income (loss) (a) | 0.21 | 0.13 | 0.15 | ||
Net realized and unrealized gain (loss) (b) | (5.08) | 2.18 | (3.43) | ||
Total from investment operations | (4.87) | 2.31 | (3.28) | ||
Net equalization credits and charges (a) | 0.03 | — | — | ||
Other capital | 0.11 | — | 0.06 | ||
Distributions to shareholders from: | |||||
Net investment income | — | (0.13) | (0.31) | ||
Return of Capital | — | (0.08) | — | ||
Total distributions | — | (0.21) | (0.31) | ||
Net asset value, end of period | $ 18.84 | $23.57 | $ 21.47 | ||
Total return (c) | (20.13)% | 10.82% | (12.92)% | ||
Ratios and Supplemental Data: | |||||
Net assets, end of period (in 000s) | $ 2,825 | $2,357 | $ 2,147 | ||
Ratios to average net assets: | |||||
Total expenses | 0.65% | 0.65% | 0.66%(d) | ||
Net investment income (loss) | 0.96% | 0.60% | 0.74%(d) | ||
Portfolio turnover rate (e) | 84% | 1% | 14%(f) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Not annualized. |
Table of Contents
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | |||
Year Ended 9/30/18 | For the Period 10/25/16* - 9/30/17 | ||
Net asset value, beginning of period | $ 70.74 | $ 60.00 | |
Income (loss) from investment operations: | |||
Net investment income (loss) (a) | 2.10 | 1.72 | |
Net realized and unrealized gain (loss) (b) | (1.07) | 10.56 | |
Total from investment operations | 1.03 | 12.28 | |
Net equalization credits and charges (a) | 0.04 | 0.02 | |
Distributions to shareholders from: | |||
Net investment income | (1.62) | (1.56) | |
Net realized gains | (0.25) | — | |
Total distributions | (1.87) | (1.56) | |
Net asset value, end of period | $ 69.94 | $ 70.74 | |
Total return (c) | 1.48% | 20.89% | |
Ratios and Supplemental Data: | |||
Net assets, end of period (in 000s) | $76,937 | $45,980 | |
Ratios to average net assets: | |||
Total expenses | 0.30% | 0.30%(d) | |
Net expenses | 0.20% | 0.20%(d) | |
Net investment income (loss) | 2.93% | 2.83%(d) | |
Portfolio turnover rate (e) | 5% | 9%(f) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Not annualized. |
Table of Contents
SPDR MSCI EAFE StrategicFactors ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/4/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 63.16 | $ 55.43 | $52.68 | $57.28 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.85 | 1.90 | 1.56 | 1.60 | 0.45 | ||||
Net realized and unrealized gain (loss) (b) | 0.64 | 6.86 | 2.70 | (4.56) | (3.14) | ||||
Total from investment operations | 2.49 | 8.76 | 4.26 | (2.96) | (2.69) | ||||
Other capital | 0.00(c) | — | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.57) | (1.03) | (1.51) | (1.64) | (0.03) | ||||
Net realized gains | — | — | — | (0.00)(c) | — | ||||
Total distributions | (1.57) | (1.03) | (1.51) | (1.64) | (0.03) | ||||
Net asset value, end of period | $ 64.08 | $ 63.16 | $55.43 | $52.68 | $57.28 | ||||
Total return (d) | 3.95% | 15.92% | 8.21% | (5.34)% | (4.48)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $265,941 | $192,644 | $8,315 | $5,268 | $5,728 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(e) | ||||
Net investment income (loss) | 2.87% | 3.20% | 2.89% | 2.80% | 2.35%(e) | ||||
Portfolio turnover rate (f) | 6% | 9% | 20% | 14% | 0%(g)(h) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Amount shown represents less than 0.5%. |
(h) | Not annualized. |
Table of Contents
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | |||
Year Ended 9/30/18 | For the Period 10/25/16* - 9/30/17 | ||
Net asset value, beginning of period | $ 65.27 | $ 55.00 | |
Income (loss) from investment operations: | |||
Net investment income (loss) (a) | 1.42 | 1.38 | |
Net realized and unrealized gain (loss) (b) | (3.17) | 9.81 | |
Total from investment operations | (1.75) | 11.19 | |
Net equalization credits and charges (a) | 0.25 | 0.17 | |
Other capital | 0.01 | 0.03 | |
Distributions to shareholders from: | |||
Net investment income | (0.62) | (1.12) | |
Net realized gains | (0.44) | — | |
Total distributions | (1.06) | (1.12) | |
Net asset value, end of period | $ 62.72 | $ 65.27 | |
Total return (c) | (2.41)% | 21.02% | |
Ratios and Supplemental Data: | |||
Net assets, end of period (in 000s) | $31,358 | $16,318 | |
Ratios to average net assets: | |||
Total expenses | 0.30% | 0.30%(d) | |
Net investment income (loss) | 2.10% | 2.44%(d) | |
Portfolio turnover rate (e) | 8% | 2%(f) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Not annualized. |
Table of Contents
SPDR MSCI Emerging Markets StrategicFactors ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/4/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 60.69 | $ 53.58 | $ 47.58 | $ 59.59 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.53 | 1.40 | 1.27 | 1.58 | 0.77 | ||||
Net realized and unrealized gain (loss) (b) | (1.35) | 6.69 | 5.69 | (12.48) | (1.23) | ||||
Total from investment operations | 0.18 | 8.09 | 6.96 | (10.90) | (0.46) | ||||
Other capital | 0.04 | 0.01 | 0.05 | 0.20 | 0.06 | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.31) | (0.99) | (1.01) | (1.31) | (0.01) | ||||
Net realized gains | — | — | — | (0.00)(c) | — | ||||
Total distributions | (1.31) | (0.99) | (1.01) | (1.31) | (0.01) | ||||
Net asset value, end of period | $ 59.60 | $ 60.69 | $ 53.58 | $ 47.58 | $59.59 | ||||
Total return (d) | 0.23% | 15.39% | 15.00% | (18.29)% | (0.65)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $266,725 | $213,945 | $116,539 | $71,371 | $5,959 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.31%(e) | ||||
Net investment income (loss) | 2.44% | 2.50% | 2.59% | 2.82% | 3.85%(e) | ||||
Portfolio turnover rate (f) | 30% | 17% | 34% | 23% | 0%(g)(h) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Amount shown represents less than 0.5%. |
(h) | Not annualized. |
Table of Contents
SPDR Solactive Germany ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/11/14* - 9/30/14 | |||||
Net asset value, beginning of period | $63.06 | $ 52.12 | $ 48.44 | $53.58 | $ 60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.13 | 1.39(b) | 1.20 | 1.24 | 0.02(c) | ||||
Net realized and unrealized gain (loss) (d) | (2.06) | 10.33 | 3.33 | (5.39) | (6.44) | ||||
Total from investment operations | (0.93) | 11.72 | 4.53 | (4.15) | (6.42) | ||||
Net equalization credits and charges (a) | (0.05) | 0.58 | 0.20 | 0.18 | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.58) | (1.36) | (1.05) | (1.17) | (0.00)(e) | ||||
Net asset value, end of period | $60.50 | $ 63.06 | $ 52.12 | $48.44 | $ 53.58 | ||||
Total return (f) | (1.64)% | 23.78%(b) | 9.99% | (7.64)% | (10.70)%(c) | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $9,074 | $18,917 | $13,031 | $9,688 | $ 5,358 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(g) | ||||
Net expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(g) | ||||
Net investment income (loss) | 1.76% | 2.44%(b) | 2.37% | 2.26% | 0.11%(c)(g) | ||||
Portfolio turnover rate (h) | 28% | 19% | 27% | 18% | 1%(i) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividend from portfolio holding. The resulting increase to net investment income amounted to $0.29 per share and 0.50% of average net assets. If the special dividends were not received during the year ended September 30, 2017, the total return would have been 23.40%. |
(c) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.02 per share and 0.04% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been (10.73)%. |
(d) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(e) | Amount is less than $0.005 per share. |
(f) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(g) | Annualized. |
(h) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(i) | Not annualized. |
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SPDR Solactive Japan ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/11/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 74.49 | $ 67.43 | $ 59.76 | $ 60.46 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.50 | 1.16 | 0.95 | 0.88 | 0.41 | ||||
Net realized and unrealized gain (loss) (b) | 5.63 | 6.99 | 7.42 | (0.97) | 0.05 | ||||
Total from investment operations | 7.13 | 8.15 | 8.37 | (0.09) | 0.46 | ||||
Net equalization credits and charges (a) | (0.06) | (0.01) | 0.27 | 0.24 | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.33) | (1.08) | (0.96) | (0.84) | — | ||||
Net realized gains | — | — | (0.01) | (0.01) | — | ||||
Total distributions | (1.33) | (1.08) | (0.97) | (0.85) | — | ||||
Net asset value, end of period | $ 80.23 | $ 74.49 | $ 67.43 | $ 59.76 | $60.46 | ||||
Total return (c) | 9.52% | 12.21% | 14.55% | 0.21% | 0.76% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $16,046 | $14,897 | $13,487 | $11,951 | $6,046 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(d) | ||||
Net expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(d) | ||||
Net investment income (loss) | 1.89% | 1.67% | 1.48% | 1.38% | 2.21%(d) | ||||
Portfolio turnover rate (e) | 53% | 22% | 23% | 23% | 0%(f)(g) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Amount shown represents less than 0.5%. |
(g) | Not annualized. |
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SPDR Solactive United Kingdom ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/11/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 52.99 | $48.26 | $50.14 | $57.08 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 2.34 | 2.26 | 1.82 | 2.18 | 0.62(b) | ||||
Net realized and unrealized gain (loss) (c) | (1.29) | 3.20 | (1.77) | (7.43) | (3.53) | ||||
Total from investment operations | 1.05 | 5.46 | 0.05 | (5.25) | (2.91) | ||||
Net equalization credits and charges (a) | 0.28 | 1.18 | — | 0.34 | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.87) | (1.91) | (1.93) | (2.03) | (0.01) | ||||
Net asset value, end of period | $ 52.45 | $52.99 | $48.26 | $50.14 | $57.08 | ||||
Total return (d) | 2.46% | 14.13% | 0.18% | (8.85)% | (4.86)%(b) | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $10,489 | $5,299 | $2,413 | $2,507 | $5,708 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.31% | 0.30% | 0.30%(e) | ||||
Net expenses | 0.30% | 0.30% | 0.31% | 0.30% | 0.30%(e) | ||||
Net investment income (loss) | 4.38% | 4.49% | 3.71% | 3.90% | 3.40%(b)(e) | ||||
Portfolio turnover rate (f) | 50% | 27% | 24% | 31% | 0%(g)(h) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.10 per share and 0.18% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been (5.02)%. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Amount shown represents less than 0.5%. |
(h) | Not annualized. |
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SPDR MSCI World StrategicFactors ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | For the Period 6/4/14* - 9/30/14 | |||||
Net asset value, beginning of period | $ 72.02 | $ 63.75 | $57.96 | $59.95 | $60.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.61 | 1.58 | 1.40 | 1.35 | 0.37 | ||||
Net realized and unrealized gain (loss) (b) | 6.89 | 8.20 | 6.46 | (2.04) | (0.38) | ||||
Total from investment operations | 8.50 | 9.78 | 7.86 | (0.69) | (0.01) | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.48) | (1.51) | (1.37) | (1.30) | (0.04) | ||||
Net realized gains | (0.37) | — | (0.70) | (0.00)(c) | — | ||||
Total distributions | (1.85) | (1.51) | (2.07) | (1.30) | (0.04) | ||||
Net asset value, end of period | $ 78.67 | $ 72.02 | $63.75 | $57.96 | $59.95 | ||||
Total return (d) | 11.93% | 15.53% | 13.78% | (1.25)% | (0.02)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $31,468 | $21,606 | $6,375 | $5,796 | $5,995 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.30% | 0.30% | 0.30% | 0.30% | 0.30%(e) | ||||
Net investment income (loss) | 2.13% | 2.32% | 2.29% | 2.18% | 1.90%(e) | ||||
Portfolio turnover rate (f) | 18% | 12% | 18% | 13% | 0%(g)(h) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Annualized. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(g) | Amount shown represents less than 0.5%. |
(h) | Not annualized. |
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SPDR S&P Emerging Asia Pacific ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 98.49 | $ 81.92 | $ 72.62 | $ 83.84 | $ 75.37 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.93 | 1.71 | 1.38 | 1.83 | 1.74 | ||||
Net realized and unrealized gain (loss) (b) | (1.22) | 16.67 | 10.81 | (11.83) | 7.95 | ||||
Total from investment operations | 0.71 | 18.38 | 12.19 | (10.00) | 9.69 | ||||
Other capital | 0.01 | 0.00(c) | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.90) | (1.81) | (2.89) | (1.22) | (1.22) | ||||
Net asset value, end of period | $ 97.31 | $ 98.49 | $ 81.92 | $ 72.62 | $ 83.84 | ||||
Total return (d) | 0.63% | 23.02% | 17.24% | (12.15)% | 12.99% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $437,903 | $413,653 | $335,858 | $428,447 | $687,494 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.49% | 0.49% | 0.49% | 0.53% | 0.59% | ||||
Net investment income (loss) | 1.86% | 1.98% | 1.85% | 2.14% | 2.17% | ||||
Portfolio turnover rate (e) | 5% | 4% | 1% | 28% | 15% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P Global Dividend ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 67.64 | $ 63.21 | $ 58.60 | $ 64.89 | $ 63.33 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 2.84 | 2.44 | 2.56 | 2.70 | 2.99 | ||||
Net realized and unrealized gain (loss) (b) | (0.04) | 4.19 | 4.87 | (6.27) | 1.32 | ||||
Total from investment operations | 2.80 | 6.63 | 7.43 | (3.57) | 4.31 | ||||
Net equalization credits and charges (a) | 0.06 | 0.10 | 0.08 | 0.39 | 0.06 | ||||
Other capital | 0.00(c) | — | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (2.49) | (2.30) | (2.61) | (2.61) | (2.81) | ||||
Net realized gains | — | — | (0.29) | (0.50) | — | ||||
Total distributions | (2.49) | (2.30) | (2.90) | (3.11) | (2.81) | ||||
Net asset value, end of period | $ 68.01 | $ 67.64 | $ 63.21 | $ 58.60 | $ 64.89 | ||||
Total return (d) | 4.23% | 10.83% | 13.16% | (5.17)% | 6.85% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $207,417 | $165,725 | $104,298 | $73,250 | $29,200 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% | ||||
Net investment income (loss) | 4.12% | 3.76% | 4.27% | 4.16% | 4.46% | ||||
Portfolio turnover rate (e) | 39% | 47% | 49% | 31% | 37% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR S&P Global Infrastructure ETF | |||||||||
Year Ended 9/30/18 | Year Ended 9/30/17 | Year Ended 9/30/16 | Year Ended 9/30/15 | Year Ended 9/30/14 | |||||
Net asset value, beginning of period | $ 51.82 | $ 47.69 | $ 43.31 | $ 48.84 | $ 43.51 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (a) | 1.81 | 1.73 | 1.58 | 1.46 | 1.68 | ||||
Net realized and unrealized gain (loss) (b) | (3.55) | 4.03 | 4.23 | (5.62) | 5.20 | ||||
Total from investment operations | (1.74) | 5.76 | 5.81 | (4.16) | 6.88 | ||||
Other capital | 0.00(c) | — | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income | (1.58) | (1.63) | (1.43) | (1.37) | (1.55) | ||||
Net asset value, end of period | $ 48.50 | $ 51.82 | $ 47.69 | $ 43.31 | $ 48.84 | ||||
Total return (d) | (3.43)% | 12.35% | 13.85% | (8.77)% | 15.95% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s) | $252,209 | $181,377 | $85,850 | $56,299 | $112,333 | ||||
Ratios to average net assets: | |||||||||
Total expenses | 0.40% | 0.40% | 0.40% | 0.40% | 0.41% | ||||
Net investment income (loss) | 3.61% | 3.54% | 3.55% | 3.03% | 3.51% | ||||
Portfolio turnover rate (e) | 21% | 22% | 21% | 7% | 14% |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Amount is less than $0.005 per share. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR Solactive Hong Kong ETF | |
For the Period 9/19/18* - 9/30/18 | |
Net asset value, beginning of period | $60.00 |
Income (loss) from investment operations: | |
Net investment income (loss) (a) | 0.02 |
Net realized and unrealized gain (loss) (b) | 0.69 |
Total from investment operations | 0.71 |
Other capital | 0.10 |
Net asset value, end of period | $60.81 |
Total return (c) | 1.34% |
Ratios and Supplemental Data: | |
Net assets, end of period (in 000s) | $6,081 |
Ratios to average net assets: | |
Total expenses | 0.20%(d) |
Net expenses | 0.14%(d) |
Net investment income (loss) | 0.80%(d) |
Portfolio turnover rate (e) | 0%(f)(g) |
* | Commencement of operations. |
(a) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(b) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(c) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for period of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(d) | Annualized. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
(f) | Amount is less than 0.5%. |
(g) | Not annualized. |
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SPDR EURO STOXX Small Cap ETF |
SPDR MSCI ACWI IMI ETF |
SPDR MSCI ACWI Low Carbon Target ETF |
SPDR Solactive Canada ETF(formerly, SPDR MSCI Canada StrategicFactors ETF) |
SPDR MSCI China A Shares IMI ETF |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF |
SPDR MSCI EAFE StrategicFactors ETF |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF |
SPDR MSCI Emerging Markets StrategicFactors ETF |
SPDR Solactive Germany ETF(formerly, SPDR MSCI Germany StrategicFactors ETF) |
SPDR Solactive Japan ETF(formerly, SPDR MSCI Japan StrategicFactors ETF) |
SPDR Solactive United Kingdom ETF(formerly, SPDR MSCI United Kingdom StrategicFactors ETF) |
SPDR MSCI World StrategicFactors ETF |
SPDR S&P Emerging Asia Pacific ETF |
SPDR S&P Global Dividend ETF |
SPDR S&P Global Infrastructure ETF |
SPDR Solactive Hong Kong ETF |
Table of Contents
Table of Contents
SPDR EURO STOXX Small Cap ETF |
SPDR MSCI ACWI Low Carbon Target ETF |
SPDR Solactive Canada ETF |
SPDR MSCI China A Shares IMI ETF |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF |
SPDR Solactive Germany ETF |
SPDR Solactive Japan ETF |
SPDR Solactive United Kingdom ETF |
SPDR S&P Global Dividend ETF |
SPDR S&P Global Dividend ETF |
Table of Contents
SPDR EURO STOXX Small Cap ETF |
SPDR MSCI ACWI IMI ETF |
SPDR MSCI ACWI Low Carbon Target ETF |
SPDR Solactive Canada ETF |
SPDR MSCI China A Shares IMI ETF |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF |
SPDR MSCI EAFE StrategicFactors ETF |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF |
SPDR MSCI Emerging Markets StrategicFactors ETF |
SPDR Solactive Germany ETF |
SPDR Solactive Japan ETF |
SPDR Solactive United Kingdom ETF |
SPDR MSCI World StrategicFactors ETF |
SPDR S&P Emerging Asia Pacific ETF |
SPDR S&P Global Infrastructure ETF |
SPDR Solactive Hong Kong ETF |
Funds | Strategies |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | Return enhancement, hedging and exposing cash reserves to markets |
Net Realized Gain (Loss) | |||||||||||
Interest Rate Contracts Risk | Foreign Exchange Contracts Risk | Credit Contracts Risk | Equity Contracts Risk | Commodity Contracts Risk | Total | ||||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | |||||||||||
Futures Contracts | $— | $— | $— | $64,456 | $— | $64,456 |
Table of Contents
Net Change in Unrealized Appreciation (Depreciation) | |||||||||||
Interest Rate Contracts Risk | Foreign Exchange Contracts Risk | Credit Contracts Risk | Equity Contracts Risk | Commodity Contracts Risk | Total | ||||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | |||||||||||
Futures Contracts | $— | $— | $— | $16,138 | $— | $16,138 |
Annual Rate | |
SPDR EURO STOXX Small Cap ETF | 0.45% |
SPDR MSCI ACWI IMI ETF | 0.25 |
SPDR MSCI ACWI Low Carbon Target ETF | 0.30 |
SPDR Solactive Canada ETF | 0.20 * |
SPDR MSCI China A Shares IMI ETF | 0.65 |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 0.30 |
SPDR MSCI EAFE StrategicFactors ETF | 0.30 |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 0.30 |
SPDR MSCI Emerging Markets StrategicFactors ETF | 0.30 |
SPDR Solactive Germany ETF | 0.20 * |
SPDR Solactive Japan ETF | 0.20 * |
SPDR Solactive United Kingdom ETF | 0.20 * |
SPDR MSCI World StrategicFactors ETF | 0.30 |
SPDR S&P Emerging Asia Pacific ETF | 0.49 |
SPDR S&P Global Dividend ETF | 0.40 |
SPDR S&P Global Infrastructure ETF | 0.40 |
SPDR Solactive Hong Kong ETF | 0.20 |
* | Prior to September 18, 2018, the annual rates were 0.30% for the SPDR Solactive Canada ETF, SPDR Solactive Germany ETF, SPDR Solactive Japan ETF and SPDR Solactive United Kingdom ETF. |
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Purchases | Sales | ||
SPDR EURO STOXX Small Cap ETF | $ 20,732,641 | $21,020,807 | |
SPDR MSCI ACWI IMI ETF | 4,170,711 | 4,022,565 | |
SPDR MSCI ACWI Low Carbon Target ETF | 26,883,569 | 25,909,234 | |
SPDR Solactive Canada ETF | 11,425,047 | 11,105,793 | |
SPDR MSCI China A Shares IMI ETF | 3,199,407 | 2,156,206 | |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 4,762,153 | 3,283,502 | |
SPDR MSCI EAFE StrategicFactors ETF | 18,151,429 | 15,004,168 | |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 12,586,639 | 1,875,341 | |
SPDR MSCI Emerging Markets StrategicFactors ETF | 111,133,254 | 78,842,060 | |
SPDR Solactive Germany ETF | 3,823,615 | 3,762,196 | |
SPDR Solactive Japan ETF | 9,771,299 | 9,627,090 | |
SPDR Solactive United Kingdom ETF | 5,869,486 | 5,852,695 | |
SPDR MSCI World StrategicFactors ETF | 5,542,405 | 4,954,915 | |
SPDR S&P Emerging Asia Pacific ETF | 38,213,718 | 23,754,709 | |
SPDR S&P Global Dividend ETF | 77,351,121 | 72,355,113 | |
SPDR S&P Global Infrastructure ETF | 48,403,297 | 44,963,257 | |
SPDR Solactive Hong Kong ETF | 5,533,028 | 29,637 |
In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains/(Losses) | |||
SPDR EURO STOXX Small Cap ETF | $ 22,315,246 | $ 8,753,357 | $ 1,158,207 | ||
SPDR MSCI ACWI IMI ETF | 7,414,611 | — | — | ||
SPDR MSCI ACWI Low Carbon Target ETF | 8,364,962 | — | — | ||
SPDR Solactive Canada ETF | 11,898,107 | 26,928,186 | 5,395,207 | ||
SPDR MSCI China A Shares IMI ETF | — | — | — | ||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 34,534,691 | 3,435,131 | 731,614 | ||
SPDR MSCI EAFE StrategicFactors ETF | 122,952,647 | 52,321,734 | 11,536,535 | ||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 7,101,665 | — | — | ||
SPDR MSCI Emerging Markets StrategicFactors ETF | 55,364,836 | 22,473,341 | 6,179,982 | ||
SPDR Solactive Germany ETF | 6,118,799 | 16,374,938 | 2,475,406 | ||
SPDR Solactive Japan ETF | 23,565,654 | 22,927,507 | 2,428,502 | ||
SPDR Solactive United Kingdom ETF | 18,744,965 | 13,392,799 | 685,547 | ||
SPDR MSCI World StrategicFactors ETF | 14,639,097 | 7,576,868 | 1,712,790 | ||
SPDR S&P Emerging Asia Pacific ETF | 48,281,988 | 24,884,499 | 7,253,479 |
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In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains/(Losses) | |||
SPDR S&P Global Dividend ETF | $106,684,593 | $69,705,255 | $16,127,914 | ||
SPDR S&P Global Infrastructure ETF | 88,505,909 | 5,306,994 | 1,281,487 | ||
SPDR Solactive Hong Kong ETF | 494,074 | — | — |
Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR EURO STOXX Small Cap ETF | $ 716,377 | $— | $ 716,377 | ||
SPDR MSCI ACWI IMI ETF | 2,168,172 | — | 2,168,172 | ||
SPDR MSCI ACWI Low Carbon Target ETF | 3,105,868 | — | 3,105,868 | ||
SPDR Solactive Canada ETF | 809,694 | — | 809,694 | ||
SPDR MSCI China A Shares IMI ETF | — | — | — | ||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 1,651,338 | — | 1,651,338 | ||
SPDR MSCI EAFE StrategicFactors ETF | 5,556,394 | — | 5,556,394 | ||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 356,633 | — | 356,633 |
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Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR MSCI Emerging Markets StrategicFactors ETF | $5,284,674 | $— | $5,284,674 | ||
SPDR Solactive Germany ETF | 251,826 | — | 251,826 | ||
SPDR Solactive Japan ETF | 324,635 | — | 324,635 | ||
SPDR Solactive United Kingdom ETF | 488,238 | — | 488,238 | ||
SPDR MSCI World StrategicFactors ETF | 617,481 | — | 617,481 | ||
SPDR S&P Emerging Asia Pacific ETF | 8,629,436 | — | 8,629,436 | ||
SPDR S&P Global Dividend ETF | 6,810,482 | — | 6,810,482 | ||
SPDR S&P Global Infrastructure ETF | 6,140,614 | — | 6,140,614 | ||
SPDR Solactive Hong Kong ETF | — | — | — |
Ordinary Income | Long-Term Capital Gains | Total | |||
SPDR EURO STOXX Small Cap ETF | $ 243,975 | $ — | $ 243,975 | ||
SPDR MSCI ACWI IMI ETF | 1,770,932 | — | 1,770,932 | ||
SPDR MSCI ACWI Low Carbon Target ETF | 2,915,464 | — | 2,915,464 | ||
SPDR Solactive Canada ETF | 529,524 | — | 529,524 | ||
SPDR MSCI China A Shares IMI ETF | 12,958 | — | 12,958 | ||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 803,032 | — | 803,032 | ||
SPDR MSCI EAFE StrategicFactors ETF | 2,367,462 | — | 2,367,462 | ||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 231,170 | — | 231,170 | ||
SPDR MSCI Emerging Markets StrategicFactors ETF | 2,754,029 | — | 2,754,029 | ||
SPDR Solactive Germany ETF | 389,383 | — | 389,383 | ||
SPDR Solactive Japan ETF | 216,441 | — | 216,441 | ||
SPDR Solactive United Kingdom ETF | 329,690 | — | 329,690 | ||
SPDR MSCI World StrategicFactors ETF | 400,647 | — | 400,647 | ||
SPDR S&P Emerging Asia Pacific ETF | 7,047,374 | — | 7,047,374 | ||
SPDR S&P Global Dividend ETF | 4,751,992 | — | 4,751,992 | ||
SPDR S&P Global Infrastructure ETF | 3,938,322 | — | 3,938,322 |
Undistributed Ordinary Income | Capital Loss Carryforwards | Undistributed Long-Term Capital Gains | Net Unrealized Gains (Losses) | Qualified Late-Year Losses | Total | ||||||
SPDR EURO STOXX Small Cap ETF | $ 246,262 | $ (1,843,123) | $— | $ (1,128,923) | $— | $ (2,725,784) | |||||
SPDR MSCI ACWI IMI ETF | 966,701 | (900,410) | — | 17,461,618 | — | 17,527,909 | |||||
SPDR MSCI ACWI Low Carbon Target ETF | 1,006,478 | (1,637,019) | — | 32,336,917 | — | 31,706,376 | |||||
SPDR Solactive Canada ETF | 204,312 | (904,956) | — | 569,835 | — | (130,809) | |||||
SPDR MSCI China A Shares IMI ETF | 23,708 | (440,781) | — | (311,675) | — | (728,748) | |||||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 572,612 | (246,145) | — | 2,955,539 | — | 3,282,006 | |||||
SPDR MSCI EAFE StrategicFactors ETF | 2,904,924 | (858,029) | — | 7,519,587 | — | 9,566,482 | |||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 270,192 | (444,298) | — | 335,836 | — | 161,730 | |||||
SPDR MSCI Emerging Markets StrategicFactors ETF | 3,792,751 | (10,812,692) | — | 10,932,643 | — | 3,912,702 | |||||
SPDR Solactive Germany ETF | — | (1,103,316) | — | (277,381) | — | (1,380,697) | |||||
SPDR Solactive Japan ETF | 228,605 | (1,188,750) | — | (124,855) | — | (1,085,000) | |||||
SPDR Solactive United Kingdom ETF | 18,239 | (961,391) | — | (406,827) | — | (1,349,979) | |||||
SPDR MSCI World StrategicFactors ETF | 275,528 | (26,527) | — | 2,341,831 | — | 2,590,832 | |||||
SPDR S&P Emerging Asia Pacific ETF | 6,884,482 | (64,514,696) | — | 47,211,690 | — | (10,418,524) |
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Undistributed Ordinary Income | Capital Loss Carryforwards | Undistributed Long-Term Capital Gains | Net Unrealized Gains (Losses) | Qualified Late-Year Losses | Total | ||||||
SPDR S&P Global Dividend ETF | $1,822,649 | $ (8,194,348) | $— | $(5,322,103) | $— | (11,693,802) | |||||
SPDR S&P Global Infrastructure ETF | 2,436,879 | (25,100,189) | — | 811,343 | — | (21,851,967) | |||||
SPDR Solactive Hong Kong ETF | 1,664 | — | — | 70,606 | — | 72,270 |
Expiring 2019 | Non-Expiring Short Term** | Non-Expiring Long Term** | |||
SPDR EURO STOXX Small Cap ETF | $ — | $ 1,843,123 | $ — | ||
SPDR MSCI ACWI IMI ETF | — | — | 900,410 | ||
SPDR MSCI ACWI Low Carbon Target ETF | — | — | 1,637,019 | ||
SPDR Solactive Canada ETF | — | 60,369 | 844,587 | ||
SPDR MSCI China A Shares IMI ETF | — | 112,716 | 328,065 | ||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | — | 199,934 | 46,211 | ||
SPDR MSCI EAFE StrategicFactors ETF | — | 206,241 | 651,788 | ||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | — | 168,814 | 275,484 | ||
SPDR MSCI Emerging Markets StrategicFactors ETF | — | 4,075,702 | 6,736,990 | ||
SPDR Solactive Germany ETF | — | 112,066 | 991,250 | ||
SPDR Solactive Japan ETF | — | 714,542 | 474,208 | ||
SPDR Solactive United Kingdom ETF | — | 346,294 | 615,097 | ||
SPDR MSCI World StrategicFactors ETF | — | — | 26,527 | ||
SPDR S&P Emerging Asia Pacific ETF | — | 17,025,315 | 47,489,381 | ||
SPDR S&P Global Dividend ETF | — | 4,500,193 | 3,694,155 | ||
SPDR S&P Global Infrastructure ETF | 1,744,492 | 1,610,850 | 21,744,847 |
** Must be utilized prior to losses subject to expiration. |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
SPDR EURO STOXX Small Cap ETF | $ 32,482,053 | $ 1,351,163 | $ 2,479,202 | $ (1,128,039) | |||
SPDR MSCI ACWI IMI ETF | 89,326,374 | 22,139,742 | 4,670,177 | 17,469,565 | |||
SPDR MSCI ACWI Low Carbon Target ETF | 134,802,445 | 38,230,598 | 5,886,397 | 32,344,201 | |||
SPDR Solactive Canada ETF | 23,814,638 | 1,104,346 | 535,262 | 569,084 | |||
SPDR MSCI China A Shares IMI ETF | 3,110,572 | 259,204 | 570,740 | (311,536) | |||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 75,071,809 | 6,372,574 | 3,416,351 | 2,956,223 | |||
SPDR MSCI EAFE StrategicFactors ETF | 259,626,388 | 20,245,078 | 12,718,809 | 7,526,269 | |||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 30,961,274 | 2,015,849 | 1,675,257 | 340,592 | |||
SPDR MSCI Emerging Markets StrategicFactors ETF | 256,689,825 | 29,689,927 | 18,353,412 | 11,336,515 | |||
SPDR Solactive Germany ETF | 9,232,326 | 295,270 | 574,926 | (279,656) | |||
SPDR Solactive Japan ETF | 16,692,791 | 572,229 | 696,223 | (123,994) | |||
SPDR Solactive United Kingdom ETF | 10,844,134 | 279,081 | 686,086 | (407,005) | |||
SPDR MSCI World StrategicFactors ETF | 29,308,333 | 3,251,350 | 908,860 | 2,342,490 | |||
SPDR S&P Emerging Asia Pacific ETF | 394,721,715 | 107,183,879 | 59,589,468 | 47,594,411 |
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Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
SPDR S&P Global Dividend ETF | $230,841,758 | $ 10,720,863 | $16,041,942 | $ (5,321,079) | |||
SPDR S&P Global Infrastructure ETF | 257,024,409 | 14,514,005 | 13,701,973 | 812,032 | |||
SPDR Solactive Hong Kong ETF | 6,002,006 | 136,744 | 66,117 | 70,627 |
Fund | Market Value of Securities on Loan | Cash Collateral Received | Non-Cash Collateral Received* | Total Collateral Received | ||||
SPDR EURO STOXX Small Cap ETF | $ 1,862,236 | $ 1,579,202 | $ 419,740 | $ 1,998,942 | ||||
SPDR MSCI ACWI IMI ETF | 3,671,438 | 1,503,297 | 2,315,372 | 3,818,669 | ||||
SPDR MSCI ACWI Low Carbon Target ETF | 3,558,152 | 1,758,501 | 1,936,816 | 3,695,317 | ||||
SPDR Solactive Canada ETF | 2,510,781 | 751,313 | 1,900,926 | 2,652,239 | ||||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 2,191,798 | 1,469,041 | 836,750 | 2,305,791 | ||||
SPDR MSCI EAFE StrategicFactors ETF | 5,897,260 | 2,930,232 | 3,290,619 | 6,220,851 | ||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 320,645 | 137,367 | 201,102 | 338,469 | ||||
SPDR MSCI Emerging Markets StrategicFactors ETF | 5,025,659 | 2,508,511 | 2,786,317 | 5,294,828 | ||||
SPDR Solactive Japan ETF | 1,049,558 | 652,778 | 449,845 | 1,102,623 | ||||
SPDR Solactive United Kingdom ETF | 6,516 | — | 6,970 | 6,970 | ||||
SPDR MSCI World StrategicFactors ETF | 548,391 | 298,707 | 270,626 | 569,333 | ||||
SPDR S&P Emerging Asia Pacific ETF | 21,816,368 | 4,909,168 | 18,789,462 | 23,698,630 | ||||
SPDR S&P Global Dividend ETF | 30,051,565 | 19,113,339 | 12,325,893 | 31,439,232 | ||||
SPDR S&P Global Infrastructure ETF | 13,027,350 | 4,976,109 | 8,666,820 | 13,642,929 |
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* | The non-cash collateral includes U.S. Treasuries and U.S. Government Agency securities. |
Remaining Contractual Maturity of the Agreements As of September 30, 2018 | ||||||||||||||
Fund | Securities Lending Transactions | Overnight and Continuous | <30 Days | Between 30 & 90 Days | >90 Days | Total Borrowings | Gross Amount of Recognized Liabilities for Securities Lending Transactions | |||||||
SPDR EURO STOXX Small Cap ETF | Common Stocks | $ 1,579,202 | $— | $— | $— | $ 1,579,202 | $ 1,579,202 | |||||||
SPDR MSCI ACWI IMI ETF | Common Stocks | 1,503,297 | — | — | — | 1,503,297 | 1,503,297 | |||||||
SPDR MSCI ACWI Low Carbon Target ETF | Common Stocks | 1,758,501 | — | — | — | 1,758,501 | 1,758,501 | |||||||
SPDR Solactive Canada ETF | Common Stocks | 751,313 | — | — | — | 751,313 | 751,313 | |||||||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | Common Stocks | 1,469,041 | — | — | — | 1,469,041 | 1,469,041 | |||||||
SPDR MSCI EAFE StrategicFactors ETF | Common Stocks | 2,930,232 | — | — | — | 2,930,232 | 2,930,232 | |||||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | Common Stocks | 137,367 | — | — | — | 137,367 | 137,367 | |||||||
SPDR MSCI Emerging Markets StrategicFactors ETF | Common Stocks | 2,508,511 | — | — | — | 2,508,511 | 2,508,511 | |||||||
SPDR Solactive Japan ETF | Common Stocks | 652,778 | — | — | — | 652,778 | 652,778 | |||||||
SPDR MSCI World StrategicFactors ETF | Common Stocks | 298,707 | — | — | — | 298,707 | 298,707 | |||||||
SPDR S&P Emerging Asia Pacific ETF | Common Stocks | 4,909,168 | — | — | — | 4,909,168 | 4,909,168 | |||||||
SPDR S&P Global Dividend ETF | Common Stocks | 19,113,339 | — | — | — | 19,113,339 | 19,113,339 | |||||||
SPDR S&P Global Infrastructure ETF | Common Stocks | 4,976,109 | — | — | — | 4,976,109 | 4,976,109 |
SPDR MSCI ACWI Low Carbon Target ETF |
SPDR MSCI China A Shares IMI ETF |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF |
SPDR MSCI Emerging Markets StrategicFactors ETF |
SPDR S&P Emerging Asia Pacific ETF |
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Boston, Massachusetts
November 26, 2018
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Actual | Hypothetical (assuming a 5% return before expenses) | ||||||||
Annualized Expense Ratio | Ending Account Value | Expenses Paid During Period | Ending Account Value | Expenses Paid During Period(a) | |||||
SPDR EURO STOXX Small Cap ETF | 0.46% | $ 951.00 | $ 2.25(a) | $1,022.80 | $2.33 | ||||
SPDR MSCI ACWI IMI ETF | 0.25 | 1,054.20 | 1.29(a) | 1,023.80 | 1.27 | ||||
SPDR MSCI ACWI Low Carbon Target ETF | 0.20 | 1,046.30 | 1.03(a) | 1,024.10 | 1.01 | ||||
SPDR Solactive Canada ETF | 0.29 | 1,044.50 | 1.49(a) | 1,023.60 | 1.47 | ||||
SPDR MSCI China A Shares IMI ETF | 0.69 | 791.90 | 3.10(a) | 1,021.60 | 3.50 | ||||
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 0.20 | 995.40 | 1.00(a) | 1,024.10 | 1.01 | ||||
SPDR MSCI EAFE StrategicFactors ETF | 0.30 | 1,011.90 | 1.51(a) | 1,023.60 | 1.52 | ||||
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 0.30 | 904.10 | 1.43(a) | 1,023.60 | 1.52 | ||||
SPDR MSCI Emerging Markets StrategicFactors ETF | 0.30 | 924.50 | 1.45(a) | 1,023.60 | 1.52 | ||||
SPDR Solactive Germany ETF | 0.29 | 969.60 | 1.43(a) | 1,023.60 | 1.47 | ||||
SPDR Solactive Japan ETF | 0.29 | 1,015.50 | 1.47(a) | 1,023.60 | 1.47 | ||||
SPDR Solactive United Kingdom ETF | 0.29 | 1,012.60 | 1.46(a) | 1,023.60 | 1.47 | ||||
SPDR MSCI World StrategicFactors ETF | 0.30 | 1,069.10 | 1.56(a) | 1,023.60 | 1.52 | ||||
SPDR S&P Emerging Asia Pacific ETF | 0.49 | 931.50 | 2.37(a) | 1,022.60 | 2.48 | ||||
SPDR S&P Global Dividend ETF | 0.40 | 1,013.70 | 2.02(a) | 1,023.10 | 2.03 | ||||
SPDR S&P Global Infrastructure ETF | 0.41 | 1,005.90 | 2.06(a) | 1,023.00 | 2.08 | ||||
SPDR Solactive Hong Kong ETF | 0.14 | 1,013.40 | 0.05(b) | 1,024.40 | 0.71 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 183, then divided by 365. |
(b) | Actual period is from commencement of operations 9/19/2018. |
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Amount | |
SPDR EURO STOXX Small Cap ETF | $ 84,267 |
SPDR Solactive Canada ETF | 113,451 |
SPDR MSCI China A Shares IMI ETF | 4,757 |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 132,099 |
SPDR MSCI EAFE StrategicFactors ETF | 500,753 |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 81,369 |
SPDR MSCI Emerging Markets StrategicFactors ETF | 922,049 |
SPDR Solactive Germany ETF | 41,626 |
SPDR Solactive United Kingdom ETF | 3,563 |
SPDR S&P Emerging Asia Pacific ETF | 1,419,659 |
SPDR S&P Global Dividend ETF | 353,798 |
SPDR S&P Global Infrastructure ETF | 295,729 |
Amount | |
SPDR EURO STOXX Small Cap ETF | $ 1,066,963 |
SPDR Solactive Canada ETF | 1,117,650 |
SPDR MSCI China A Shares IMI ETF | 47,195 |
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF | 2,161,201 |
SPDR MSCI EAFE StrategicFactors ETF | 8,138,432 |
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 647,717 |
SPDR MSCI Emerging Markets StrategicFactors ETF | 8,294,429 |
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Amount | |
SPDR Solactive Germany ETF | $ 309,974 |
SPDR Solactive United Kingdom ETF | 556,307 |
SPDR S&P Emerging Asia Pacific ETF | 12,478,363 |
SPDR S&P Global Dividend ETF | 7,056,267 |
SPDR S&P Global Infrastructure ETF | 5,937,161 |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
Trustees | ||||||||||
Independent Trustees | ||||||||||
FRANK NESVET c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1943 | Independent Trustee, Chairman, Trustee Committee Chair | Term: Unlimited Served: since September 2000 | Retired. | 125 | None. | |||||
BONNY EUGENIA BOATMAN c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1950 | Independent Trustee | Term: Unlimited Served: since April 2010 | Retired. | 125 | None. | |||||
DWIGHT D. CHURCHILL c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1953 | Independent Trustee | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2010; CEO and President, CFA Institute (June 2014-January 2015). | 125 | Affiliated Managers Group, Inc. (Director). | |||||
CARL G. VERBONCOEUR c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1952 | Independent Trustee, Audit Committee Chair | Term: Unlimited Served: since April 2010 | Self-employed consultant since 2009. | 125 | The Motley Fool Funds Trust (Trustee). | |||||
CLARE S. RICHER c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, Putnam Investments LLC (December 2008 – May 2017). | 125 | Putnam Acquisition Financing Inc. (Director); Putnam Acquisition Financing LLC (Director); Putnam GP Inc. (Director); Putnam Investor Services, Inc. (Director); Putnam Investments Limited (Director); University of Notre Dame (Trustee). | |||||
SANDRA G. SPONEM c/o SPDR Index Shares Funds One Iron Street Boston, MA 02210 1958 | Independent Trustee | Term: Unlimited Served: since July 2018 | Chief Financial Officer, M.A. Mortenson Companies, Inc. (February 2007 – April 2017). | 125 | Guggenheim / Rydex Funds (Trustee). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee† | Other Directorships Held by Trustee During the Past 5 Years | |||||
Interested Trustee | ||||||||||
JAMES E. ROSS* SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1965 | Interested Trustee | Term: Unlimited Served as Trustee: since April 2010 | Chairman and Director, SSGA Funds Management, Inc. (2005-present); Executive Vice President, State Street Global Advisors (2012-present); Chief Executive Officer and Director, State Street Global Advisors Funds Distributors, LLC (May 2017- present); Director, State Street Global Markets, LLC (2013-April 2017); President, SSGA Funds Management, Inc. (2005-2012); Principal, State Street Global Advisors (2000 - 2005). | 195 | SSGA SPDR ETFs Europe I plc (Director) (November 2016- present); SSGA SPDR ETFs Europe II plc (Director) (November 2016- present). | |||||
† For the purpose of determining the number of portfolios overseen by the Trustees, “Fund Complex” comprises registered investment companies for which SSGA Funds Management, Inc. serves as investment adviser. | ||||||||||
* Mr. Ross is an Interested Trustee because of his employment with the Adviser and ownership interest in an affiliate of the Adviser. Mr. Ross previously served as an Interested Trustee from November 2005 to December 2009. |
Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Officers | ||||||
ELLEN M. NEEDHAM SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1967 | President | Term: Unlimited Served: since October 2012 | President and Director, SSGA Funds Management, Inc. (2001 - present)*; Senior Managing Director, State Street Global Advisors (1992 - present)*; Director, State Street Global Advisors Funds Distributors, LLC (May 2017 - present). | |||
BRUCE S. ROSENBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1961 | Treasurer | Term: Unlimited Served: since February 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (July 2015 - present); Director, Credit Suisse (April 2008 - July 2015). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
ANN M. CARPENTER SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1966 | Vice President; Deputy Treasurer | Term: Unlimited Served: since August 2012 (witrh respect to Vice President); Unlimited Served: since February 2016 (with respect to Deputy Treasurer) | Chief Operating Officer, SSGA Funds Management, Inc. (2005 - Present)*; Managing Director, State Street Global Advisors (2005 - present).* | |||
MICHAEL P. RILEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Vice President | Term: Unlimited Served: since February 2005 | Managing Director, State Street Global Advisors (2005 - present).* | |||
JOSHUA A. WEINBERG SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1978 | Chief Legal Officer | Term: Unlimited Served: since February 2015 | Managing Director and Managing Counsel, State Street Global Advisors (2011 - present); Clerk, SSGA Funds Management, Inc. (2013 - present); Associate, Financial Services Group, Dechert LLP (2006 - 2011). | |||
JESSE D. HALLEE State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02210 1976 | Secretary | Term: Unlimited Served: since August 2017 | Vice President and Senior Counsel, State Street Bank and Trust Company (2013 – present); Vice President and Counsel, Brown Brothers Harriman & Co. (2007- 2013).** | |||
ESTEFANIA SALOMON State Street Bank and Trust Company 100 Summer Street, SUM0703 Boston, MA 02111 1983 | Assistant Secretary | Term: Unlimited Served: since May 2018 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (2018 – present); Senior Compliance Consultant, AdvisorAssist, LLC (2017); Attorney, Commonwealth of Massachusetts, Securities Division (2014-2017). | |||
CHAD C. HALLETT SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1969 | Deputy Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (November 2014 - present); Vice President, State Street Bank and Trust Company (2001 - November 2014).* | |||
DARLENE ANDERSON-VASQUEZ SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1968 | Deputy Treasurer | Term: Unlimited Served: since November 2016 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (May 2016 - present); Senior Vice President, John Hancock Investments (September 2007 - May 2016). | |||
ARTHUR A. JENSEN SSGA Funds Management, Inc. 1600 Summer Street Stamford, CT 06905 1966 | Deputy Treasurer | Term: Unlimited Served: Since August 2017 | Vice President at State Street Global Advisors (July 2016 – present); Mutual Funds Controller of GE Asset Management Incorporated (April 2011 - July 2016); | |||
SUJATA UPRETI SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1974 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Assistant Director, Cambridge Associates, LLC (July 2014 - January 2015); Vice President, Bank of New York Mellon (July 2012 - August 2013); Manager, PricewaterhouseCoopers, LLP (September 2003 - July 2012). |
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Name, Address and Year of Birth | Position(s) with Funds | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
DANIEL FOLEY SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1972 | Assistant Treasurer | Term: Unlimited Served: since February 2016 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (April 2007 - present).* | |||
DANIEL G. PLOURDE SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1980 | Assistant Treasurer | Term: Unlimited Served: since May 2017 | Vice President, State Street Global Advisors and SSGA Funds Management, Inc. (May 2015 - present); Officer, State Street Bank and Trust Company (March 2009 - May 2015). | |||
BRIAN HARRIS SSGA Funds Management, Inc. One Iron Street Boston, MA 02210 1973 | Chief Compliance Officer; Anti- Money Laundering Officer; Code of Ethics Compliance Officer | Term: Unlimited Served: since November 2013 | Managing Director, State Street Global Advisors and SSGA Funds Management, Inc. (June 2013 - present)*; Senior Vice President and Global Head of Investment Compliance, BofA Global Capital Management (2010 - 2013). | |||
* Served in various capacities and/or with various affiliated entities during noted time period. | ||||||
** Served in various capacities and/or with unaffiliated mutual funds or closed-end funds for which State Street Bank and Trust Company or its affiliates act as a provider of services during the noted time period. | ||||||
The Trust's Statement of Additional Information (SAI) includes additional information about Funds' directors and is available, without charge, upon request and by calling 1-866-787-2257. |
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One Iron Street
Boston, MA 02210
One Iron Street
Boston, MA 02210
and Transfer Agent
One Lincoln Street
Boston, MA 02111
1111 Pennsylvania Avenue, NW
Washington, DC 20004
101 Seaport Boulevard
Suite 500
Boston, MA 02210
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The Funds are not sponsored, endorsed, sold, or promoted by Stoxx, S&P Dow Jones Indices LLC, MSCI Inc., and Russell Investment Group. Neither do these companies make any representation regarding the advisability of investing in the Funds. The Funds are distributed by State Street Global Advisors Funds Distributors, LLC, an indirect wholly-owned subsidiary of State Street Corporation. State Street Global Advisors Funds Distributors, LLC is a member of FINRA, SIPC. References to State Street may include State Street Corporation and its affiliates. Shares of the Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. Fund shares are subject to investment risks, including possible loss of the principal invested. The Funds pay State Street for its services as investment adviser, administrator and securities lending agent.
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Item 2. Code of Ethics.
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party (the “Code of Ethics”). During the period covered by this report, no substantive amendments were made to the Code of Ethics. During the period covered by this report, the registrant did not grant any waivers, including any implicit waivers, from any provision of the Code of Ethics.
The Code of Ethics is attached hereto as Exhibit 13(a)(1).
Item 3. Audit Committee Financial Expert.
a)(1) The Board of Trustees of the registrant has determined that the registrant has Six Board members serving on the Audit Committee that possess the attributes identified in Instructions 2(b) of Item 3 to Form N-CSR to qualify as an “audit committee financial expert.”
(2) Bonny Boatman, Dwight Churchill, Clare Richer, Sandra Sponem, Frank Nesvet and Carl Verboncoeur are the registrant’s audit committee financial experts. The Board also determined that each of the foregoing persons are not “interested person(s)” of the registrant as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “1940 Act”).
Item 4. Principal Accountant Fees and Services.
(a) Audit Fees.
For the fiscal years ending September 30, 2018 and September 30, 2017, the aggregate audit fees billed for professional services rendered by the principal accountant were $595,625 and $588,387, respectively. The nature of the services are (1) auditing of the statements of assets and liabilities, related statements of operations and changes in net assets, and the financial highlights of each series of the registrant; (2) auditing and reporting on the financial statements to be included in the amendment to the registrant’s registration statement on Form N-1A to be filed with the Securities and Exchange Commission; (3) review of the amendment to the registration statement; (4) issuance of a Report on Internal Control for inclusion in the registrant’s Form N-CSR and (5) Rule 17f-2 securities counts.
(b) Audit-Related Fees.
For the fiscal years ending September 30, 2018 and September 30, 2017, the principal accountant did not bill the registrant any fees for assurances and related services that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item.
(c) Tax Fees.
For the fiscal years ending September 30, 2018 and September 30, 2017, the aggregate tax fees billed for professional services rendered by the principal accountant were $299,585 and $525,270, respectively. Services included the review of the registrant’s federal, state and local income, franchise and other tax returns.
(d) All Other Fees.
There were no other fees billed by the principal accountant for the fiscal years ending September 30, 2018 and September 30, 2017.
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(e)(1) Audit Committee Pre-Approval Policies and Procedures.
The registrant’s Audit Committee Charter states the following with respect to pre-approval procedures:
Before the independent auditors are engaged by the Trust to render audit or non-audit services, either:
a. | The Audit Committee shall pre-approve all auditing services and permissible non-audit services (e.g., tax services) provided to the Trust. The Audit Committee may delegate to one or more of its members the authority to grant pre-approvals. Any decision of any member to whom authority is delegated under this section shall be presented to the full Audit Committee at its next regularly scheduled meeting; or |
b. | The engagement to render the auditing service or permissible non-audit service is entered into pursuant to pre-approval policies and procedures established by the Audit Committee. Any such policies and procedures must (1) be detailed as to the particular service and (2) not involve any delegation of the Audit Committee’s responsibilities to the investment adviser. The Audit Committee must be informed of each service entered into pursuant to the policies and procedures. A copy of any such policies and procedures shall be attached as an exhibit to the Audit Committee Charter. |
c. | De Minimis Exceptions to Pre-Approval Requirements. Pre-Approval for a service provided to the Trust other than audit, review or attest services is not required if: (1) the aggregate amount of all such non-audit services provided to the Trust constitutes not more than 5 percent of the total amount of revenues paid by the Trust to the independent auditors during the fiscal year in which the non-audit services are provided; (2) such services were not recognized by the Trust at the time of the engagement to be non-audit services; and (3) such services are promptly brought to the attention of the Audit Committee and are approved by the Audit Committee or by one or more members of the Audit Committee to whom authority to grant such approvals has been delegated by the Audit Committee prior to the completion of the audit. |
d. | Pre-Approval of Non-Audit Services Provided to the investment adviser and Certain Control Persons. The Audit Committee shall pre-approve any non-audit services proposed to be provided by the independent auditors to (a) the investment adviser and (b) any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Trust, if the independent auditors’ engagement with the investment adviser or any such control persons relates directly to the operations and financial reporting of the Trust. It shall be the responsibility of the independent auditors to notify the Audit Committee of any non-audit services that need to be pre-approved. |
e. | Application of De Minimis Exception. The De Minimis exception set forth above applies to pre-approvals under this Section as well, except that the “total amount of revenues” calculation is based on the total amount of revenues paid to the independent auditors by the Trust and any other entity that has its services approved under this Section (i.e., the investment adviser or any control person). |
(e)(2) Percentage of Services.
One hundred percent of the services described in each of paragraphs (b) through (d) of this Item were approved by the registrant’s Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) Not applicable.
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(g) The aggregate non-audit fees for services rendered by the principal accountant to the registrant and its adviser and any entity controlling, controlled by, or under common control with the adviser that provided ongoing services to the registrant for the twelve months ended December 31, 2017 and December 31, 2016 were approximately $12,773,210 and $4,919,389, respectively. Such information is not readily available on a fiscal year basis.
(h) The registrant’s principal accountant notified the registrant’s Audit Committee of all non-audit services that were rendered by the principal accountant to the registrant’s adviser and any entity controlling, controlled by, or under common control with the adviser that provides services to the registrant, which services were not required to be pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, allowing the registrant’s Audit Committee to consider whether such services were compatible with maintaining the principal accountant’s independence.
Item 5. Disclosure of Audit Committees for Listed Registrants.
The registrant has an audit committee which was established by the Board of Trustees of the registrant in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. The members of the registrant’s audit committee are Bonny Boatman, Dwight Churchill, Clare Richer, Sandra Sponem, Frank Nesvet and Carl Verboncoeur.
Item 6. Investments.
(a) | The Schedules of Investments for the SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI Low Carbon Target ETF, SPDR MSCI Emerging Markets StrategicFactors ETF, SPDR MSCI World StrategicFactors ETF, SPDR Portfolio Developed World ex-US ETF, SPDR Portfolio Emerging Markets ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets Small Cap ETF and SPDR S&P International Small Cap ETF are listed below. Summary Schedules of Investments for these funds as well as the Schedules of Investments for the remaining series of the registrant are included as part of the report to shareholders filed under Item 1 of this Form N-CSR. |
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Report of Independent Registered Public Accounting Firm
To the Board of Trustees of SPDR Index Shares Funds and Shareholders of SPDR S&P China ETF, SPDR S&P International Small Cap ETF, SPDR Portfolio Developed World ex-US ETF, SPDR Portfolio Emerging Markets ETF, SPDR MSCI ACWI Low Carbon Target ETF, SPDR MSCI Emerging Markets StrategicFactors ETF, SPDR MSCI World StrategicFactors ETF, SPDR MSCI ACWI ex-US ETF and SPDR S&P Emerging Markets Small Cap ETF
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the summary schedules of investments, of SPDR S&P China ETF, SPDR S&P International Small Cap ETF, SPDR Portfolio Developed World ex-US ETF, SPDR Portfolio Emerging Markets ETF, SPDR MSCI ACWI Low Carbon Target ETF, SPDR MSCI Emerging Markets StrategicFactors ETF, SPDR MSCI World StrategicFactors ETF, SPDR MSCI ACWI ex-US ETF and SPDR S&P Emerging Markets Small Cap ETF (nine of the funds constituting SPDR Index Shares Funds, hereafter collectively referred to as the “Funds”) as of September 30, 2018, the related statements of operations for the year ended September 30, 2018, the statements of changes in net assets for each of the two years in the period ended September 30, 2018, including the related notes, and the financial highlights for each of the periods indicated therein (included in Item 1 of this Form N-CSR) and the schedules of investments (included in Item 6 of this Form N-CSR) as of September 30, 2018 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of September 30, 2018, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended September 30, 2018, and each of the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of September 30, 2018 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
PricewaterhouseCoopers LLP
Boston, Massachusetts
November 26, 2018
We have served as the auditor of one or more investment companies in the SPDR Funds since 1993.
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SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.3% | |||||
AUSTRALIA — 4.7% | |||||
Alumina, Ltd. | 548,948 | $ 1,100,220 | |||
Amcor, Ltd. | 161,426 | 1,597,822 | |||
AMP, Ltd. | 268,573 | 619,900 | |||
Australia & New Zealand Banking Group, Ltd. | 249,143 | 5,079,938 | |||
BHP Billiton PLC | 146,093 | 3,183,845 | |||
BHP Billiton, Ltd. | 244,770 | 6,133,091 | |||
Boral, Ltd. (a) | 271,385 | 1,356,852 | |||
Brambles, Ltd. | 183,631 | 1,448,242 | |||
Coca-Cola Amatil, Ltd. | 151,508 | 1,069,927 | |||
Commonwealth Bank of Australia | 138,812 | 7,172,239 | |||
CSL, Ltd. | 41,326 | 6,013,478 | |||
Fortescue Metals Group, Ltd. | 206,817 | 586,599 | |||
Insurance Australia Group, Ltd. | 286,303 | 1,516,372 | |||
LendLease Group | 142,819 | 2,031,600 | |||
Macquarie Group, Ltd. | 40,452 | 3,689,072 | |||
Medibank Pvt, Ltd. | 221,729 | 466,857 | |||
National Australia Bank, Ltd. | 203,182 | 4,088,414 | |||
Newcrest Mining, Ltd. | 59,758 | 839,248 | |||
Origin Energy, Ltd. (b) | 225,727 | 1,349,063 | |||
QBE Insurance Group, Ltd. (a) | 88,917 | 715,415 | |||
Santos, Ltd. | 183,576 | 964,320 | |||
Scentre Group REIT | 214,096 | 614,990 | |||
Sonic Healthcare, Ltd. | 92,719 | 1,671,134 | |||
South32, Ltd. (c) | 164,025 | 458,595 | |||
South32, Ltd. (c) | 293,263 | 831,787 | |||
Suncorp Group, Ltd. | 189,998 | 1,987,861 | |||
Sydney Airport | 75,469 | 376,233 | |||
Telstra Corp., Ltd. | 323,701 | 747,142 | |||
Transurban Group Stapled Security | 190,761 | 1,548,642 | |||
Vicinity Centres REIT | 469,033 | 889,147 | |||
Wesfarmers, Ltd. | 95,281 | 3,436,688 | |||
Westpac Banking Corp. | 273,294 | 5,522,932 | |||
Woodside Petroleum, Ltd. | 70,842 | 1,977,524 | |||
Woolworths Group, Ltd. | 119,886 | 2,435,759 | |||
73,520,948 | |||||
AUSTRIA — 0.3% | |||||
Erste Group Bank AG (b) | 49,319 | 2,049,621 | |||
OMV AG | 23,748 | 1,334,756 | |||
Raiffeisen Bank International AG | 28,574 | 823,079 | |||
4,207,456 | |||||
BELGIUM — 0.8% | |||||
Ageas | 37,555 | 2,020,048 | |||
Anheuser-Busch InBev SA | 64,721 | 5,654,544 | |||
KBC Group NV | 30,748 | 2,289,254 | |||
Solvay SA | 11,926 | 1,599,911 | |||
UCB SA | 15,919 | 1,431,119 | |||
12,994,876 | |||||
BRAZIL — 1.5% | |||||
Ambev SA ADR | 473,664 | 2,164,644 | |||
B3 SA - Brasil Bolsa Balcao | 149,642 | 876,820 |
Security Description | Shares | Value | |||
Banco Bradesco SA Preference Shares ADR | 369,937 | $ 2,619,154 | |||
Banco do Brasil SA (a) | 62,029 | 457,426 | |||
BB Seguridade Participacoes SA | 53,841 | 324,916 | |||
Braskem SA Class A, Preference Shares | 33,264 | 486,772 | |||
BRF SA (b) | 41,531 | 228,477 | |||
Cia Energetica de Minas Gerais ADR (a) | 190,944 | 326,514 | |||
Cia Siderurgica Nacional SA ADR (a)(b) | 150,060 | 342,137 | |||
Cielo SA | 80,042 | 245,525 | |||
EDP - Energias do Brasil SA | 152,324 | 487,843 | |||
Embraer SA | 57,775 | 286,882 | |||
Fibria Celulose SA | 11,865 | 224,373 | |||
Gerdau SA ADR (a) | 109,489 | 460,949 | |||
Itau Unibanco Holding SA Preference Shares ADR | 303,440 | 3,331,771 | |||
JBS SA | 35,662 | 83,762 | |||
Kroton Educacional SA | 109,290 | 311,980 | |||
Lojas Renner SA | 103,160 | 800,781 | |||
Magazine Luiza SA | 2,748 | 84,287 | |||
Natura Cosmeticos SA | 27,659 | 196,558 | |||
Odontoprev SA | 181,408 | 581,897 | |||
Petroleo Brasileiro SA Preference Shares ADR | 274,912 | 2,875,580 | |||
Porto Seguro SA | 10,502 | 155,917 | |||
Raia Drogasil SA | 29,929 | 542,815 | |||
Sul America SA | 56,708 | 369,197 | |||
Suzano Papel e Celulose SA | 16,772 | 201,925 | |||
TIM Participacoes SA ADR | 24,364 | 353,034 | |||
Vale SA ADR (a) | 269,739 | 4,002,927 | |||
23,424,863 | |||||
CANADA — 6.7% | |||||
Agnico Eagle Mines, Ltd. (a) | 13,389 | 457,003 | |||
Alimentation Couche-Tard, Inc. Class B | 23,954 | 1,197,329 | |||
Aurora Cannabis, Inc. (a)(b) | 48,400 | 464,679 | |||
Bank of Montreal (a) | 57,023 | 4,700,008 | |||
Bank of Nova Scotia (a) | 89,379 | 5,323,603 | |||
Barrick Gold Corp. | 96,296 | 1,064,575 | |||
BlackBerry, Ltd. (b) | 47,817 | 540,836 | |||
Bombardier, Inc. Class B (b) | 170,400 | 606,406 | |||
Brookfield Asset Management, Inc. Class A | 88,963 | 3,956,741 | |||
CAE, Inc. | 53,857 | 1,092,473 | |||
Cameco Corp. | 39,694 | 452,338 | |||
Canadian Imperial Bank of Commerce (a) | 35,289 | 3,304,215 | |||
Canadian National Railway Co. | 66,372 | 5,951,195 | |||
Canadian Natural Resources, Ltd. | 101,736 | 3,321,414 | |||
Canadian Pacific Railway, Ltd. (a) | 13,045 | 2,757,454 | |||
Canadian Tire Corp., Ltd. Class A (a) | 11,605 | 1,358,735 | |||
Cenovus Energy, Inc. (a) | 77,103 | 773,655 | |||
CGI Group, Inc. Class A (b) | 12,375 | 797,300 |
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SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Constellation Software, Inc. | 1,452 | $ 1,067,005 | |||
Crescent Point Energy Corp. (a) | 43,439 | 276,241 | |||
Dollarama, Inc. | 12,240 | 385,305 | |||
Enbridge, Inc. | 92,786 | 2,991,893 | |||
Encana Corp. | 77,512 | 1,015,224 | |||
Fairfax Financial Holdings, Ltd. | 1,291 | 700,871 | |||
First Quantum Minerals, Ltd. | 59,087 | 672,420 | |||
Franco-Nevada Corp. | 13,389 | 836,942 | |||
Gildan Activewear, Inc. | 51,252 | 1,558,257 | |||
Goldcorp, Inc. | 71,066 | 723,525 | |||
H&R Real Estate Investment Trust | 3,918 | 60,228 | |||
Husky Energy, Inc. | 40,330 | 707,631 | |||
IGM Financial, Inc. (a) | 20,432 | 561,145 | |||
Imperial Oil, Ltd. | 45,043 | 1,456,597 | |||
Kinross Gold Corp. (b) | 121,470 | 330,786 | |||
Loblaw Cos., Ltd. | 40,142 | 2,060,826 | |||
Magna International, Inc. | 17,379 | 912,243 | |||
Manulife Financial Corp. | 141,148 | 2,521,358 | |||
National Bank of Canada | 43,157 | 2,153,844 | |||
Nutrien, Ltd. (a) | 67,572 | 3,898,747 | |||
Onex Corp. (a) | 7,037 | 480,874 | |||
Open Text Corp. | 20,439 | 777,175 | |||
Pembina Pipeline Corp. | 2,210 | 75,040 | |||
PrairieSky Royalty, Ltd. (a) | 4,690 | 82,327 | |||
Restaurant Brands International, Inc. (a) | 12,549 | 742,494 | |||
Rogers Communications, Inc. Class B | 47,816 | 2,457,386 | |||
Royal Bank of Canada | 112,894 | 9,043,049 | |||
Seven Generations Energy, Ltd. Class A (b) | 11,417 | 136,022 | |||
Shaw Communications, Inc. Class B (a) | 51,235 | 997,667 | |||
Shopify, Inc. Class A (a)(b) | 7,300 | 1,198,971 | |||
SmartCentres Real Estate Investment Trust | 19,961 | 471,151 | |||
SNC-Lavalin Group, Inc. (a) | 26,776 | 1,091,051 | |||
Sun Life Financial, Inc. | 56,986 | 2,263,833 | |||
Suncor Energy, Inc. | 120,231 | 4,648,882 | |||
Teck Resources, Ltd. Class B | 42,985 | 1,035,218 | |||
TELUS Corp. | 33,542 | 1,235,444 | |||
Thomson Reuters Corp. | 42,086 | 1,919,038 | |||
Toronto-Dominion Bank (a) | 142,578 | 8,657,703 | |||
TransCanada Corp. (a) | 60,238 | 2,435,431 | |||
Turquoise Hill Resources, Ltd. (b) | 18,108 | 38,525 | |||
West Fraser Timber Co., Ltd. (a) | 7,046 | 400,705 | |||
Wheaton Precious Metals Corp. | 32,042 | 560,227 | |||
103,759,260 | |||||
CHILE — 0.2% | |||||
Embotelladora Andina SA Class B, Preference Shares | 31,880 | 123,745 | |||
Enel Americas SA ADR | 202,403 | 1,564,575 | |||
Enel Chile SA ADR | 238,474 | 1,194,755 | |||
Sociedad Quimica y Minera de Chile SA ADR (a) | 11,738 | 536,662 | |||
3,419,737 |
Security Description | Shares | Value | |||
CHINA — 7.2% | |||||
3SBio, Inc. (a)(d) | 62,000 | $ 104,272 | |||
51job, Inc. ADR (b) | 1,472 | 113,329 | |||
58.com, Inc. ADR (b) | 9,100 | 669,760 | |||
AAC Technologies Holdings, Inc. | 89,000 | 924,702 | |||
Agile Group Holdings, Ltd. | 24,000 | 33,922 | |||
Agricultural Bank of China, Ltd. Class H | 2,308,000 | 1,132,630 | |||
Air China, Ltd. Class H | 64,000 | 61,833 | |||
Alibaba Group Holding, Ltd. ADR (b) | 80,776 | 13,308,654 | |||
Alibaba Health Information Technology, Ltd. (a)(b) | 272,000 | 266,616 | |||
Anhui Conch Cement Co., Ltd. Class H | 21,000 | 126,807 | |||
ANTA Sports Products, Ltd. | 46,000 | 220,744 | |||
Autohome, Inc. ADR (a) | 5,760 | 445,882 | |||
AviChina Industry & Technology Co., Ltd. Class H | 630,000 | 415,443 | |||
Baidu, Inc. ADR (b) | 20,638 | 4,719,498 | |||
Bank of China, Ltd. Class H | 6,354,436 | 2,826,034 | |||
Bank of Communications Co., Ltd. Class H | 1,268,710 | 951,747 | |||
Beijing Enterprises Water Group, Ltd. (b) | 436,000 | 232,351 | |||
BOC Hong Kong Holdings, Ltd. (a) | 179,500 | 853,353 | |||
Brilliance China Automotive Holdings, Ltd. | 338,000 | 546,854 | |||
BYD Co., Ltd. Class H (a) | 24,500 | 175,964 | |||
CGN Power Co., Ltd. Class H (d) | 198,400 | 47,160 | |||
China CITIC Bank Corp., Ltd. Class H | 613,000 | 392,482 | |||
China Communications Construction Co., Ltd. Class H | 392,000 | 400,772 | |||
China Conch Venture Holdings, Ltd. | 42,500 | 148,277 | |||
China Construction Bank Corp. Class H | 5,255,720 | 4,594,196 | |||
China Everbright Bank Co., Ltd. Class H | 36,000 | 15,964 | |||
China Everbright International, Ltd. | 35,628 | 30,779 | |||
China Everbright, Ltd. | 44,000 | 78,836 | |||
China Evergrande Group (a) | 248,000 | 695,677 | |||
China Galaxy Securities Co., Ltd. Class H | 207,500 | 96,790 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(b)(e) | 1,418,000 | — | |||
China Jinmao Holdings Group, Ltd. | 100,000 | 45,496 | |||
China Life Insurance Co., Ltd. Class H | 641,000 | 1,456,502 | |||
China Mengniu Dairy Co., Ltd. (b) | 454,000 | 1,511,419 |
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SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Merchants Bank Co., Ltd. Class H | 495,514 | $ 2,013,744 | |||
China Merchants Port Holdings Co., Ltd. | 467,366 | 894,726 | |||
China Minsheng Banking Corp., Ltd. Class H (a) | 392,200 | 291,209 | |||
China Mobile, Ltd. | 521,000 | 5,136,826 | |||
China Oilfield Services, Ltd. Class H | 100,000 | 108,500 | |||
China Overseas Land & Investment, Ltd. | 414,000 | 1,296,247 | |||
China Pacific Insurance Group Co., Ltd. Class H | 207,200 | 799,683 | |||
China Petroleum & Chemical Corp. Class H | 2,581,800 | 2,586,782 | |||
China Railway Construction Corp., Ltd. Class H | 129,000 | 174,090 | |||
China Railway Group, Ltd. Class H | 260,000 | 257,844 | |||
China Resources Beer Holdings Co., Ltd. | 415,670 | 1,670,669 | |||
China Resources Land, Ltd. | 52,000 | 182,085 | |||
China Shenhua Energy Co., Ltd. Class H | 204,500 | 467,285 | |||
China Southern Airlines Co., Ltd. Class H (a) | 110,000 | 70,429 | |||
China Taiping Insurance Holdings Co., Ltd. | 155,000 | 543,745 | |||
China Telecom Corp., Ltd. Class H | 2,010,000 | 999,233 | |||
China Unicom Hong Kong, Ltd. | 820,000 | 966,198 | |||
China Vanke Co., Ltd. Class H | 78,500 | 259,831 | |||
CIFI Holdings Group Co., Ltd. | 86,000 | 39,566 | |||
CITIC Securities Co., Ltd. Class H | 118,500 | 210,804 | |||
CITIC, Ltd. | 414,000 | 616,908 | |||
CNOOC, Ltd. | 1,662,217 | 3,292,612 | |||
COSCO SHIPPING Ports, Ltd. | 528,042 | 581,022 | |||
Country Garden Holdings Co., Ltd. | 342,000 | 431,384 | |||
CRRC Corp., Ltd. Class H | 359,000 | 328,036 | |||
CSPC Pharmaceutical Group, Ltd. | 452,000 | 960,043 | |||
Ctrip.com International, Ltd. ADR (b) | 16,263 | 604,496 | |||
ENN Energy Holdings, Ltd. | 43,000 | 373,679 | |||
Fang Holdings, Ltd. ADR (b) | 48,852 | 126,527 | |||
Fosun International, Ltd. | 95,500 | 168,424 | |||
Future Land Development Holdings, Ltd. | 156,000 | 101,077 | |||
GDS Holdings, Ltd. ADR (a)(b) | 5,492 | 192,934 | |||
Geely Automobile Holdings, Ltd. | 769,000 | 1,533,106 | |||
Genscript Biotech Corp. (a)(b) | 62,000 | 104,748 | |||
GF Securities Co., Ltd. Class H | 158,000 | 202,727 | |||
GOME Retail Holdings, Ltd. (a)(b) | 1,666,000 | 170,328 | |||
Great Wall Motor Co., Ltd. Class H (a) | 283,500 | 180,790 |
Security Description | Shares | Value | |||
Guangzhou Automobile Group Co., Ltd. Class H | 145,600 | $ 161,325 | |||
Haitong Securities Co., Ltd. Class H | 162,400 | 147,770 | |||
Hengan International Group Co., Ltd. | 103,000 | 950,376 | |||
Huaneng Power International, Inc. Class H | 884,000 | 581,809 | |||
Huaneng Renewables Corp., Ltd. Class H | 936,000 | 278,710 | |||
Huatai Securities Co., Ltd. Class H (b)(d) | 165,400 | 237,164 | |||
Huazhu Group, Ltd. ADR | 8,336 | 269,253 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 5,591,045 | 4,087,053 | |||
JD.com, Inc. ADR (b) | 52,510 | 1,369,986 | |||
Jiangsu Expressway Co., Ltd. Class H | 14,000 | 17,963 | |||
Kingdee International Software Group Co., Ltd. (a) | 220,000 | 239,543 | |||
Kingsoft Corp., Ltd. | 162,000 | 308,891 | |||
Lenovo Group, Ltd. (a) | 462,000 | 337,722 | |||
Logan Property Holdings Co., Ltd. | 44,000 | 49,708 | |||
Luye Pharma Group, Ltd. (a)(d) | 90,500 | 81,191 | |||
Momo, Inc. ADR (b) | 10,260 | 449,388 | |||
NetEase, Inc. ADR | 5,409 | 1,234,604 | |||
New China Life Insurance Co., Ltd. Class H | 77,700 | 372,865 | |||
New Oriental Education & Technology Group, Inc. ADR (b) | 7,661 | 566,991 | |||
Noah Holdings, Ltd. ADR (a)(b) | 2,060 | 86,808 | |||
PetroChina Co., Ltd. Class H | 1,606,000 | 1,301,236 | |||
PICC Property & Casualty Co., Ltd. Class H | 673,415 | 795,199 | |||
Ping An Insurance Group Co. of China, Ltd. Class H (a) | 412,000 | 4,185,868 | |||
Semiconductor Manufacturing International Corp. (a)(b) | 112,400 | 121,236 | |||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 124,000 | 122,496 | |||
Shanghai Electric Group Co., Ltd. Class H (a) | 346,000 | 123,368 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 152,240 | 208,569 | |||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 36,900 | 92,239 | |||
Shenzhou International Group Holdings, Ltd. | 30,000 | 384,925 | |||
Sihuan Pharmaceutical Holdings Group, Ltd. | 135,000 | 27,604 | |||
SINA Corp. (b) | 6,494 | 451,203 | |||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 338,000 | 206,474 | |||
Sinopharm Group Co., Ltd. Class H | 71,600 | 350,456 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Sunac China Holdings, Ltd. (a) | 170,300 | $ 524,509 | |||
Sunny Optical Technology Group Co., Ltd. | 48,000 | 553,924 | |||
TAL Education Group ADR (b) | 22,204 | 570,865 | |||
Tencent Holdings, Ltd. | 434,600 | 17,950,737 | |||
Tingyi Cayman Islands Holding Corp. | 410,000 | 753,467 | |||
TravelSky Technology, Ltd. Class H | 56,000 | 145,638 | |||
Tsingtao Brewery Co., Ltd. Class H | 40,000 | 188,117 | |||
Vipshop Holdings, Ltd. ADR (b) | 27,167 | 169,522 | |||
Want Want China Holdings, Ltd. | 205,000 | 172,648 | |||
Weibo Corp. ADR (a)(b) | 3,502 | 256,101 | |||
Wuxi Biologics Cayman, Inc. (b)(d) | 37,500 | 379,318 | |||
Yanzhou Coal Mining Co., Ltd. Class H | 408,000 | 472,921 | |||
Yum China Holdings, Inc. | 24,106 | 846,362 | |||
YY, Inc. ADR (b) | 4,125 | 309,045 | |||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 85,100 | 486,137 | |||
Zijin Mining Group Co., Ltd. Class H | 1,606,000 | 617,779 | |||
ZTE Corp. Class H (b) | 38,400 | 70,372 | |||
111,250,537 | |||||
COLOMBIA — 0.1% | |||||
Bancolombia SA ADR | 26,415 | 1,102,034 | |||
Cementos Argos SA | 115,979 | 300,748 | |||
1,402,782 | |||||
DENMARK — 1.2% | |||||
AP Moller - Maersk A/S Class B | 921 | 1,293,920 | |||
Danske Bank A/S | 69,448 | 1,824,804 | |||
DSV A/S | 47,998 | 4,365,935 | |||
Genmab A/S (b) | 4,173 | 656,464 | |||
Novo Nordisk A/S Class B | 157,817 | 7,433,218 | |||
Novozymes A/S Class B | 15,076 | 827,961 | |||
Pandora A/S | 8,402 | 524,900 | |||
Vestas Wind Systems A/S | 20,835 | 1,409,693 | |||
18,336,895 | |||||
EGYPT — 0.0% (f) | |||||
Commercial International Bank Egypt SAE | 155,087 | 720,306 | |||
FINLAND — 0.8% | |||||
Elisa Oyj | 10,876 | 461,464 | |||
Fortum Oyj | 12,030 | 301,674 | |||
Kone Oyj Class B | 32,328 | 1,728,003 | |||
Metso Oyj | 27,011 | 958,139 | |||
Neste Oyj | 9,764 | 807,471 | |||
Nokia Oyj (c) | 216,989 | 1,203,960 | |||
Nokia Oyj (c) | 114,960 | 638,788 | |||
Sampo Oyj Class A | 34,152 | 1,769,172 | |||
Stora Enso Oyj Class R | 71,970 | 1,377,197 | |||
UPM-Kymmene Oyj | 62,355 | 2,447,975 | |||
Wartsila OYJ Abp (a) | 33,935 | 661,786 | |||
12,355,629 |
Security Description | Shares | Value | |||
FRANCE — 7.3% | |||||
Accor SA | 25,657 | $ 1,317,782 | |||
Air Liquide SA | 37,880 | 4,984,928 | |||
Airbus SE | 48,913 | 6,145,968 | |||
Alstom SA | 21,857 | 977,142 | |||
AXA SA | 138,914 | 3,735,219 | |||
BNP Paribas SA | 80,387 | 4,921,504 | |||
Bouygues SA | 24,760 | 1,070,687 | |||
Capgemini SE | 16,090 | 2,025,836 | |||
Carrefour SA | 71,960 | 1,379,095 | |||
Cie de Saint-Gobain (a) | 37,022 | 1,597,273 | |||
Cie Generale des Etablissements Michelin SCA | 14,392 | 1,720,943 | |||
Credit Agricole SA | 82,410 | 1,185,578 | |||
Danone SA | 58,755 | 4,551,868 | |||
Edenred | 2,089 | 79,658 | |||
Electricite de France SA | 6,906 | 121,322 | |||
Engie SA | 96,141 | 1,414,272 | |||
Essilor International Cie Generale d'Optique SA | 21,748 | 3,219,424 | |||
Hermes International | 1,044 | 691,913 | |||
ICADE REIT | 694 | 64,164 | |||
Kering SA | 7,523 | 4,034,317 | |||
Klepierre SA REIT | 3,616 | 128,225 | |||
Legrand SA | 20,600 | 1,502,130 | |||
L'Oreal SA | 23,757 | 5,731,221 | |||
LVMH Moet Hennessy Louis Vuitton SE | 21,848 | 7,729,664 | |||
Orange SA | 183,221 | 2,922,961 | |||
Pernod Ricard SA | 19,015 | 3,120,740 | |||
Peugeot SA | 35,827 | 966,671 | |||
Publicis Groupe SA | 27,644 | 1,652,945 | |||
Renault SA | 17,264 | 1,493,884 | |||
Safran SA | 23,224 | 3,255,842 | |||
Sanofi (a) | 95,271 | 8,471,917 | |||
Schneider Electric SE | 49,924 | 4,018,479 | |||
Societe Generale SA | 58,530 | 2,513,316 | |||
Sodexo SA | 12,949 | 1,373,777 | |||
TOTAL SA | 184,293 | 11,952,900 | |||
Unibail-Rodamco-Westfield (c) | 52,148 | 532,772 | |||
Unibail-Rodamco-Westfield (c) | 7,225 | 1,453,634 | |||
Valeo SA | 17,740 | 770,627 | |||
Veolia Environnement SA | 43,977 | 878,053 | |||
Vinci SA | 46,402 | 4,420,542 | |||
Vivendi SA | 115,304 | 2,969,129 | |||
113,098,322 | |||||
GERMANY — 6.3% | |||||
adidas AG | 16,580 | 4,061,441 | |||
Allianz SE | 41,638 | 9,285,603 | |||
BASF SE | 74,397 | 6,614,845 | |||
Bayer AG | 73,969 | 6,573,354 | |||
Bayerische Motoren Werke AG | 26,984 | 2,435,579 | |||
Commerzbank AG (b) | 61,283 | 638,842 | |||
Continental AG | 8,645 | 1,505,672 | |||
Covestro AG (d) | 3,054 | 247,809 | |||
Daimler AG | 75,370 | 4,757,920 | |||
Deutsche Bank AG | 124,000 | 1,415,487 | |||
Deutsche Boerse AG | 24,777 | 3,321,036 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Deutsche Lufthansa AG | 39,079 | $ 960,457 | |||
Deutsche Post AG | 98,484 | 3,512,890 | |||
Deutsche Telekom AG | 277,095 | 4,468,828 | |||
E.ON SE | 177,044 | 1,805,489 | |||
Fresenius Medical Care AG & Co. KGaA | 28,688 | 2,951,583 | |||
Fresenius SE & Co. KGaA | 31,058 | 2,281,310 | |||
Henkel AG & Co. KGaA Preference Shares | 7,818 | 917,595 | |||
Infineon Technologies AG | 48,421 | 1,100,636 | |||
KS AG | 6,031 | 126,650 | |||
Linde AG | 3 | 620 | |||
Linde AG | 13,160 | 3,113,623 | |||
MAN SE | 4,619 | 502,429 | |||
Merck KGaA | 21,062 | 2,177,252 | |||
METRO AG | 18,767 | 294,271 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 19,801 | 4,387,031 | |||
OSRAM Licht AG | 7,667 | 305,093 | |||
Puma SE | 626 | 309,017 | |||
RWE AG | 45,659 | 1,126,949 | |||
SAP SE | 87,723 | 10,800,364 | |||
Siemens AG | 69,629 | 8,923,643 | |||
ThyssenKrupp AG | 37,374 | 943,731 | |||
TUI AG | 29,833 | 573,052 | |||
United Internet AG | 6,160 | 291,560 | |||
Volkswagen AG | 5,827 | 1,015,885 | |||
Volkswagen AG Preference Shares | 10,998 | 1,936,564 | |||
Vonovia SE | 25,286 | 1,235,876 | |||
Wirecard AG | 6,106 | 1,324,098 | |||
98,244,084 | |||||
GREECE — 0.1% | |||||
Alpha Bank AE (b) | 101,016 | 145,372 | |||
Eurobank Ergasias SA (b) | 127,056 | 95,776 | |||
Hellenic Telecommunications Organization SA | 2,790 | 34,253 | |||
JUMBO SA | 28,100 | 417,768 | |||
National Bank of Greece SA (b) | 47,338 | 96,220 | |||
OPAP SA | 40,433 | 424,545 | |||
Piraeus Bank SA (b) | 31,645 | 69,101 | |||
1,283,035 | |||||
HONG KONG — 2.8% | |||||
AIA Group, Ltd. | 990,200 | 8,845,478 | |||
Alibaba Pictures Group, Ltd. (a)(b) | 510,000 | 69,739 | |||
ASM Pacific Technology, Ltd. | 9,200 | 93,706 | |||
Bank of East Asia, Ltd. | 378,518 | 1,412,507 | |||
China First Capital Group, Ltd. (b) | 214,000 | 114,864 | |||
China Gas Holdings, Ltd. | 73,600 | 208,340 | |||
China Traditional Chinese Medicine Holdings Co., Ltd. | 56,000 | 38,073 | |||
CK Asset Holdings, Ltd. | 236,032 | 1,772,148 | |||
CK Hutchison Holdings, Ltd. | 288,532 | 3,325,996 | |||
CLP Holdings, Ltd. | 121,000 | 1,417,226 |
Security Description | Shares | Value | |||
Fullshare Holdings, Ltd. (a)(b) | 395,000 | $ 189,804 | |||
Galaxy Entertainment Group, Ltd. | 186,000 | 1,180,194 | |||
Haier Electronics Group Co., Ltd. (b) | 23,000 | 62,461 | |||
Hanergy Thin Film Power Group, Ltd. (b)(e) | 448,000 | — | |||
Hang Lung Properties, Ltd. | 414,000 | 809,493 | |||
Hang Seng Bank, Ltd. | 61,800 | 1,679,086 | |||
Henderson Land Development Co., Ltd. | 249,289 | 1,253,629 | |||
Hong Kong & China Gas Co., Ltd. | 1,579,777 | 3,137,386 | |||
Hong Kong Exchanges & Clearing, Ltd. | 111,890 | 3,203,026 | |||
Jardine Matheson Holdings, Ltd. | 3,200 | 200,800 | |||
Jardine Strategic Holdings, Ltd. | 1,000 | 36,300 | |||
Jiayuan International Group, Ltd. (a) | 149,452 | 255,934 | |||
Li & Fung, Ltd. | 828,000 | 185,178 | |||
Link REIT | 328,286 | 3,232,557 | |||
Melco Resorts & Entertainment, Ltd. ADR | 11,488 | 242,971 | |||
New World Development Co., Ltd. | 920,406 | 1,256,238 | |||
Sands China, Ltd. | 248,000 | 1,123,542 | |||
Shangri-La Asia, Ltd. | 412,333 | 613,370 | |||
Sino Biopharmaceutical, Ltd. | 1,188,000 | 1,108,308 | |||
SJM Holdings, Ltd. | 123,000 | 113,806 | |||
SSY Group, Ltd. | 180,000 | 173,906 | |||
Sun Art Retail Group, Ltd. | 234,000 | 304,428 | |||
Sun Hung Kai Properties, Ltd. | 194,185 | 2,829,057 | |||
Swire Pacific, Ltd. Class A | 114,006 | 1,249,347 | |||
Techtronic Industries Co., Ltd. | 184,500 | 1,178,929 | |||
WH Group, Ltd. (d) | 402,601 | 283,496 | |||
Wharf Holdings, Ltd. | 6,000 | 16,333 | |||
Wharf Real Estate Investment Co., Ltd. | 6,000 | 38,723 | |||
Wheelock & Co., Ltd. | 6,000 | 36,000 | |||
43,292,379 | |||||
HUNGARY — 0.1% | |||||
MOL Hungarian Oil & Gas PLC | 96,978 | 1,044,752 | |||
OTP Bank Nyrt | 25,425 | 942,235 | |||
1,986,987 | |||||
INDIA — 2.0% | |||||
Adani Ports & Special Economic Zone, Ltd. | 52,140 | 236,568 | |||
Ambuja Cements, Ltd. | 130,931 | 403,775 | |||
Aurobindo Pharma, Ltd. | 29,402 | 301,950 | |||
Axis Bank, Ltd. (b) | 81,966 | 693,415 | |||
Bajaj Auto, Ltd. | 6,016 | 223,034 | |||
Bajaj Finance, Ltd. | 18,079 | 540,699 | |||
Bajaj Finserv, Ltd. | 2,000 | 165,711 | |||
Bharat Forge, Ltd. | 9,766 | 80,981 | |||
Bharat Heavy Electricals, Ltd. | 106,943 | 101,057 | |||
Bharat Petroleum Corp., Ltd. | 46,783 | 241,466 | |||
Bharti Airtel, Ltd. | 65,588 | 306,316 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Bharti Infratel, Ltd. | 70,189 | $ 254,603 | |||
Bosch, Ltd. | 135 | 37,124 | |||
Cadila Healthcare, Ltd. | 16,944 | 90,213 | |||
Dabur India, Ltd. | 61,820 | 364,063 | |||
Dr Reddy's Laboratories, Ltd. ADR | 20,399 | 705,805 | |||
Eicher Motors, Ltd. | 825 | 275,251 | |||
Glenmark Pharmaceuticals, Ltd. | 28,111 | 245,142 | |||
Godrej Consumer Products, Ltd. | 40,044 | 424,608 | |||
HCL Technologies, Ltd. | 40,997 | 615,209 | |||
Hindalco Industries, Ltd. | 56,801 | 179,947 | |||
Hindustan Petroleum Corp., Ltd. | 46,377 | 160,870 | |||
Hindustan Unilever, Ltd. | 75,898 | 1,684,016 | |||
Housing Development Finance Corp., Ltd. | 97,708 | 2,364,860 | |||
ICICI Bank, Ltd. ADR | 116,126 | 985,910 | |||
Indiabulls Housing Finance, Ltd. | 24,670 | 291,606 | |||
Indian Oil Corp., Ltd. | 36,134 | 76,440 | |||
Infosys, Ltd. ADR (a) | 356,060 | 3,621,130 | |||
ITC, Ltd. | 191,563 | 786,838 | |||
LIC Housing Finance, Ltd. | 34,513 | 198,727 | |||
Lupin, Ltd. | 11,088 | 137,808 | |||
Mahindra & Mahindra Financial Services, Ltd. | 114,357 | 631,338 | |||
Mahindra & Mahindra, Ltd., GDR | 72,238 | 845,185 | |||
Marico, Ltd. | 97,422 | 447,598 | |||
Maruti Suzuki India, Ltd. | 3,986 | 404,041 | |||
Motherson Sumi Systems, Ltd. | 18,688 | 66,203 | |||
Nestle India, Ltd. | 4,218 | 564,397 | |||
Piramal Enterprises, Ltd. | 6,103 | 193,584 | |||
Reliance Industries, Ltd. GDR (d) | 145,397 | 4,994,387 | |||
Rural Electrification Corp., Ltd. | 19,251 | 25,999 | |||
Shree Cement, Ltd. | 2,050 | 477,709 | |||
Shriram Transport Finance Co., Ltd. | 27,921 | 443,312 | |||
Siemens, Ltd. | 33,608 | 438,193 | |||
State Bank of India (b) | 8,379 | 30,689 | |||
Sun Pharmaceutical Industries, Ltd. | 43,785 | 376,452 | |||
Tata Consultancy Services, Ltd. | 51,764 | 1,559,347 | |||
Tata Motors, Ltd. ADR (a)(b) | 41,388 | 635,720 | |||
Tata Power Co., Ltd. | 337,278 | 306,384 | |||
Tech Mahindra, Ltd. | 42,189 | 433,879 | |||
United Spirits, Ltd. (b) | 44,631 | 316,647 | |||
UPL, Ltd. | 21,907 | 200,756 | |||
Vedanta, Ltd. | 66,044 | 211,643 | |||
Vodafone Idea, Ltd. (b) | 64,258 | 34,172 | |||
Yes Bank, Ltd. | 74,572 | 188,925 | |||
Zee Entertainment Enterprises, Ltd. | 88,340 | 534,500 | |||
31,156,202 | |||||
INDONESIA — 0.5% | |||||
Adaro Energy Tbk PT | 411,000 | 50,611 | |||
Astra International Tbk PT | 2,224,500 | 1,097,210 | |||
Bank Central Asia Tbk PT | 724,400 | 1,173,993 |
Security Description | Shares | Value | |||
Bank Danamon Indonesia Tbk PT | 125,000 | $ 60,397 | |||
Bank Mandiri Persero Tbk PT | 1,683,900 | 759,939 | |||
Bank Rakyat Indonesia Persero Tbk PT | 7,669,000 | 1,621,135 | |||
Bumi Serpong Damai Tbk PT (b) | 420,700 | 32,608 | |||
Charoen Pokphand Indonesia Tbk PT | 2,131,000 | 725,754 | |||
Gudang Garam Tbk PT | 101,500 | 504,384 | |||
Indah Kiat Pulp & Paper Corp. Tbk PT | 171,000 | 199,097 | |||
Matahari Department Store Tbk PT | 224,000 | 104,097 | |||
Surya Citra Media Tbk PT | 37,700 | 4,744 | |||
Telekomunikasi Indonesia Persero Tbk PT | 5,711,200 | 1,395,079 | |||
United Tractors Tbk PT | 54,200 | 120,028 | |||
7,849,076 | |||||
IRELAND — 0.5% | |||||
Bank of Ireland Group PLC | 77,803 | 595,978 | |||
CRH PLC | 75,468 | 2,470,147 | |||
James Hardie Industries PLC | 110,473 | 1,675,391 | |||
Kerry Group PLC Class A | 17,970 | 1,988,072 | |||
Paddy Power Betfair PLC | 5,968 | 509,489 | |||
Smurfit Kappa Group PLC | 2,527 | 99,970 | |||
7,339,047 | |||||
ISRAEL — 0.5% | |||||
Bank Hapoalim BM | 240,137 | 1,759,323 | |||
Bank Leumi Le-Israel BM | 231,689 | 1,528,579 | |||
Check Point Software Technologies, Ltd. (b) | 6,540 | 769,562 | |||
Nice, Ltd. (b) | 10,952 | 1,239,411 | |||
Teva Pharmaceutical Industries, Ltd. ADR | 77,968 | 1,679,431 | |||
6,976,306 | |||||
ITALY — 1.2% | |||||
Assicurazioni Generali SpA | 96,708 | 1,671,415 | |||
Atlantia SpA | 72,995 | 1,515,084 | |||
Enel SpA | 552,085 | 2,829,179 | |||
Eni SpA | 190,274 | 3,598,373 | |||
Ferrari NV | 15,220 | 2,096,614 | |||
Intesa Sanpaolo SpA | 995,980 | 2,546,184 | |||
Leonardo SpA | 54,436 | 656,300 | |||
Mediobanca Banca di Credito Finanziario SpA | 66,144 | 661,013 | |||
Snam SpA | 186,903 | 779,128 | |||
Telecom Italia SpA/Milano (b) | 1,362,249 | 827,518 | |||
UniCredit SpA | 127,682 | 1,922,595 | |||
19,103,403 | |||||
JAPAN — 17.0% | |||||
Acom Co., Ltd. (a) | 45,000 | 181,450 | |||
Aeon Co., Ltd. | 61,600 | 1,484,615 | |||
AGC, Inc. | 36,200 | 1,502,690 | |||
Aisin Seiki Co., Ltd. | 39,900 | 1,942,572 | |||
Ajinomoto Co., Inc. | 25,500 | 437,890 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Alps Electric Co., Ltd. (a) | 6,100 | $ 154,991 | |||
Asahi Group Holdings, Ltd. | 60,600 | 2,627,592 | |||
Asahi Kasei Corp. | 176,000 | 2,669,789 | |||
Astellas Pharma, Inc. | 248,800 | 4,341,432 | |||
Bridgestone Corp. | 62,000 | 2,343,320 | |||
Canon, Inc. | 82,400 | 2,618,867 | |||
Central Japan Railway Co. | 10,800 | 2,249,663 | |||
Chiba Bank, Ltd. | 198,000 | 1,352,714 | |||
Chubu Electric Power Co., Inc. | 82,600 | 1,249,708 | |||
Concordia Financial Group, Ltd. | 207,000 | 1,015,090 | |||
Credit Saison Co., Ltd. | 61,500 | 1,003,297 | |||
Dai-ichi Life Holdings, Inc. | 59,200 | 1,232,888 | |||
Daiichi Sankyo Co., Ltd. | 68,600 | 2,974,468 | |||
Daikin Industries, Ltd. | 17,900 | 2,383,567 | |||
Daiwa Securities Group, Inc. | 205,000 | 1,247,489 | |||
Denso Corp. | 41,400 | 2,186,544 | |||
Dentsu, Inc. | 2,200 | 102,073 | |||
East Japan Railway Co. | 39,400 | 3,661,284 | |||
Eisai Co., Ltd. | 20,700 | 2,015,601 | |||
Electric Power Development Co., Ltd. | 20,700 | 573,152 | |||
FANUC Corp. | 16,600 | 3,130,449 | |||
Fast Retailing Co., Ltd. | 2,600 | 1,325,809 | |||
FUJIFILM Holdings Corp. | 61,700 | 2,778,496 | |||
Fujitsu, Ltd. | 20,700 | 1,475,434 | |||
Hitachi, Ltd. | 82,600 | 2,807,026 | |||
Honda Motor Co., Ltd. | 144,700 | 4,381,065 | |||
Hoya Corp. | 41,400 | 2,460,272 | |||
Idemitsu Kosan Co., Ltd. | 3,300 | 174,609 | |||
Inpex Corp. | 82,000 | 1,022,970 | |||
ITOCHU Corp. | 177,100 | 3,243,104 | |||
Japan Real Estate Investment Corp. REIT | 246 | 1,290,804 | |||
Japan Retail Fund Investment Corp. REIT | 775 | 1,406,238 | |||
Japan Tobacco, Inc. | 82,700 | 2,159,512 | |||
JFE Holdings, Inc. | 44,000 | 1,009,887 | |||
JSR Corp. | 41,400 | 773,072 | |||
JXTG Holdings, Inc. | 334,508 | 2,527,695 | |||
Kajima Corp. | 92,500 | 1,344,522 | |||
Kamigumi Co., Ltd. | 87,900 | 1,937,770 | |||
Kansai Electric Power Co., Inc. | 102,900 | 1,551,857 | |||
Kao Corp. | 39,300 | 3,174,171 | |||
KDDI Corp. | 124,200 | 3,432,353 | |||
Keikyu Corp. (a) | 80,811 | 1,473,430 | |||
Keyence Corp. | 6,700 | 3,891,940 | |||
Kintetsu Group Holdings Co., Ltd. | 38,700 | 1,557,063 | |||
Kobe Steel, Ltd. | 41,400 | 368,130 | |||
Komatsu, Ltd. | 96,300 | 2,930,077 | |||
Konica Minolta, Inc. | 103,500 | 1,100,744 | |||
Kose Corp. | 2,200 | 419,333 | |||
Kubota Corp. | 125,600 | 2,135,261 | |||
Kyocera Corp. | 40,400 | 2,425,743 | |||
LIXIL Group Corp. | 41,100 | 791,714 | |||
Makita Corp. | 41,000 | 2,053,880 | |||
Marubeni Corp. (a) | 206,000 | 1,886,165 | |||
Marui Group Co., Ltd. (a) | 73,100 | 1,804,573 |
Security Description | Shares | Value | |||
Mazda Motor Corp. | 16,200 | $ 194,540 | |||
Mebuki Financial Group, Inc. | 244,400 | 845,615 | |||
MEIJI Holdings Co., Ltd. | 3,200 | 214,958 | |||
Mitsubishi Chemical Holdings Corp. | 207,000 | 1,981,886 | |||
Mitsubishi Corp. | 144,700 | 4,460,049 | |||
Mitsubishi Electric Corp. | 206,000 | 2,822,899 | |||
Mitsubishi Estate Co., Ltd. | 186,018 | 3,164,034 | |||
Mitsubishi Heavy Industries, Ltd. | 38,700 | 1,494,712 | |||
Mitsubishi UFJ Financial Group, Inc. | 861,400 | 5,377,636 | |||
Mitsui & Co., Ltd. | 203,100 | 3,612,832 | |||
Mitsui Chemicals, Inc. | 38,800 | 970,470 | |||
Mitsui Fudosan Co., Ltd. | 26,600 | 629,726 | |||
Mizuho Financial Group, Inc. | 1,193,700 | 2,082,945 | |||
MS&AD Insurance Group Holdings, Inc. | 62,000 | 2,070,942 | |||
Murata Manufacturing Co., Ltd. | 18,500 | 2,844,588 | |||
NEC Corp. | 17,800 | 492,072 | |||
Nexon Co., Ltd. (b) | 22,200 | 290,241 | |||
Nidec Corp. | 25,600 | 3,683,867 | |||
Nintendo Co., Ltd. | 7,300 | 2,664,595 | |||
Nippon Steel & Sumitomo Metal Corp. | 67,600 | 1,430,441 | |||
Nippon Telegraph & Telephone Corp. | 63,200 | 2,855,504 | |||
Nippon Yusen KK | 19,400 | 364,994 | |||
Nissan Motor Co., Ltd. (a) | 206,700 | 1,935,339 | |||
Nitori Holdings Co., Ltd. | 3,100 | 444,729 | |||
Nitto Denko Corp. | 20,600 | 1,544,479 | |||
Nomura Holdings, Inc. | 228,000 | 1,089,366 | |||
NTT Data Corp. | 103,500 | 1,433,336 | |||
NTT DOCOMO, Inc. | 129,900 | 3,493,811 | |||
Obayashi Corp. | 149,300 | 1,414,331 | |||
Ono Pharmaceutical Co., Ltd. | 25,700 | 727,433 | |||
Oriental Land Co., Ltd. | 5,800 | 606,629 | |||
ORIX Corp. | 165,100 | 2,677,415 | |||
Osaka Gas Co., Ltd. | 79,800 | 1,556,867 | |||
Otsuka Holdings Co., Ltd. | 10,600 | 534,456 | |||
Panasonic Corp. | 208,200 | 2,425,960 | |||
Rakuten, Inc. | 45,100 | 345,759 | |||
Recruit Holdings Co., Ltd. | 45,700 | 1,525,680 | |||
Resona Holdings, Inc. | 62,000 | 348,414 | |||
Rohm Co., Ltd. | 20,500 | 1,494,387 | |||
Ryohin Keikaku Co., Ltd. | 1,300 | 386,847 | |||
SBI Holdings, Inc. | 4,800 | 149,175 | |||
Secom Co., Ltd. | 20,700 | 1,687,929 | |||
Seven & i Holdings Co., Ltd. | 82,700 | 3,684,131 | |||
Sharp Corp. | 7,100 | 144,332 | |||
Shin-Etsu Chemical Co., Ltd. | 37,100 | 3,287,507 | |||
Shionogi & Co., Ltd. | 18,900 | 1,235,318 | |||
Shiseido Co., Ltd. | 23,800 | 1,843,696 | |||
Shizuoka Bank, Ltd. | 160,800 | 1,443,993 | |||
Showa Denko KK | 2,800 | 154,563 | |||
SMC Corp. | 1,900 | 608,214 | |||
SoftBank Group Corp. | 69,300 | 6,998,028 | |||
Sompo Holdings, Inc. | 56,500 | 2,407,039 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Sony Corp. | 103,100 | $ 6,322,970 | |||
Start Today Co., Ltd. | 3,500 | 106,000 | |||
Subaru Corp. | 24,400 | 747,563 | |||
Sumitomo Chemical Co., Ltd. | 207,000 | 1,211,912 | |||
Sumitomo Corp. | 103,400 | 1,724,623 | |||
Sumitomo Electric Industries, Ltd. | 82,700 | 1,297,455 | |||
Sumitomo Mitsui Financial Group, Inc. | 66,300 | 2,676,866 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 20,600 | 848,049 | |||
Suzuki Motor Corp. | 9,000 | 515,667 | |||
Sysmex Corp. | 6,300 | 542,448 | |||
T&D Holdings, Inc. | 41,100 | 678,457 | |||
Takeda Pharmaceutical Co., Ltd. (a) | 70,600 | 3,021,408 | |||
TDK Corp. (a) | 20,700 | 2,257,983 | |||
Teijin, Ltd. | 68,500 | 1,314,095 | |||
Terumo Corp. | 47,600 | 2,820,337 | |||
Tohoku Electric Power Co., Inc. | 41,500 | 563,393 | |||
Tokio Marine Holdings, Inc. | 62,000 | 3,076,938 | |||
Tokyo Electric Power Co. Holdings, Inc. (b) | 144,600 | 710,365 | |||
Tokyo Electron, Ltd. | 18,600 | 2,556,200 | |||
Tokyo Gas Co., Ltd. | 74,600 | 1,834,049 | |||
Tokyu Corp. | 109,500 | 2,003,266 | |||
Toppan Printing Co., Ltd. | 103,500 | 1,662,962 | |||
Toray Industries, Inc. | 207,000 | 1,555,439 | |||
Toshiba Corp. (b) | 32,200 | 931,258 | |||
Toyota Motor Corp. | 177,500 | 11,087,401 | |||
Toyota Tsusho Corp. | 62,000 | 2,341,682 | |||
West Japan Railway Co. | 21,300 | 1,485,384 | |||
Yahoo! Japan Corp. | 268,800 | 967,902 | |||
Yakult Honsha Co., Ltd. | 3,400 | 278,681 | |||
Yamada Denki Co., Ltd. (a) | 124,500 | 630,255 | |||
Yamaha Corp. | 28,100 | 1,489,299 | |||
Yamaha Motor Co., Ltd. | 62,100 | 1,741,326 | |||
262,978,256 | |||||
LUXEMBOURG — 0.1% | |||||
ArcelorMittal | 40,532 | 1,261,688 | |||
SES SA | 26,822 | 588,805 | |||
1,850,493 | |||||
MACAU — 0.0% (f) | |||||
MGM China Holdings, Ltd. (a) | 64,800 | 102,687 | |||
Wynn Macau, Ltd. | 67,600 | 155,504 | |||
258,191 | |||||
MALAYSIA — 0.5% | |||||
AirAsia Group Bhd | 544,800 | 415,988 | |||
Alliance Bank Malaysia Bhd | 676,600 | 683,385 | |||
AMMB Holdings Bhd (a) | 217,900 | 217,452 | |||
Astro Malaysia Holdings Bhd | 101,100 | 35,911 | |||
British American Tobacco Malaysia Bhd | 39,700 | 304,285 | |||
CIMB Group Holdings Bhd | 434,478 | 630,956 | |||
Dialog Group Bhd | 927,000 | 781,740 | |||
FGV Holdings Bhd | 689,300 | 258,165 |
Security Description | Shares | Value | |||
Gamuda Bhd | 57,066 | $ 46,331 | |||
Genting Bhd | 192,500 | 363,278 | |||
Genting Malaysia Bhd | 484,700 | 584,427 | |||
Genting Plantations Bhd | 214,700 | 492,329 | |||
Hong Leong Financial Group Bhd | 36,639 | 170,867 | |||
IOI Properties Group Bhd | 634,000 | 255,837 | |||
Malaysia Airports Holdings Bhd | 160,300 | 344,731 | |||
My EG Services Bhd | 203,300 | 85,967 | |||
Petronas Chemicals Group Bhd | 18,100 | 40,937 | |||
PPB Group Bhd | 139,640 | 566,186 | |||
RHB Capital Bhd | 118,010 | 153,982 | |||
Tenaga Nasional Bhd | 164,900 | 616,009 | |||
UMW Holdings Bhd | 95,200 | 115,478 | |||
Westports Holdings Bhd | 162,100 | 148,841 | |||
7,313,082 | |||||
MEXICO — 0.8% | |||||
America Movil SAB de CV Series L | 2,980,189 | 2,396,997 | |||
Cemex SAB de CV Series CPO (b) | 1,760,528 | 1,237,126 | |||
Fomento Economico Mexicano SAB de CV | 280,356 | 2,776,385 | |||
Fresnillo PLC | 22,696 | 243,107 | |||
Grupo Financiero Banorte SAB de CV Series O | 384,720 | 2,783,674 | |||
Grupo Mexico SAB de CV Class B | 243,267 | 701,860 | |||
Grupo Televisa SAB Series CPO (a) | 339,000 | 1,206,308 | |||
Industrias Penoles SAB de CV | 17,514 | 301,937 | |||
Kimberly-Clark de Mexico SAB de CV Class A (b) | 244,080 | 434,663 | |||
Wal-Mart de Mexico SAB de CV | 313,121 | 954,974 | |||
13,037,031 | |||||
NETHERLANDS — 3.3% | |||||
Akzo Nobel NV | 24,895 | 2,328,857 | |||
ASML Holding NV | 32,521 | 6,077,696 | |||
Gemalto NV (b) | 1,704 | 99,355 | |||
Heineken NV | 26,408 | 2,477,142 | |||
ING Groep NV | 255,412 | 3,317,856 | |||
Koninklijke Ahold Delhaize NV | 142,574 | 3,270,593 | |||
Koninklijke DSM NV | 24,068 | 2,550,611 | |||
Koninklijke KPN NV | 497,706 | 1,313,410 | |||
Koninklijke Philips NV | 107,690 | 4,907,588 | |||
NXP Semiconductors NV | 20,084 | 1,717,182 | |||
Royal Dutch Shell PLC Class A | 321,676 | 11,059,629 | |||
Royal Dutch Shell PLC Class B | 287,281 | 10,073,765 | |||
Wolters Kluwer NV | 38,304 | 2,388,227 | |||
51,581,911 | |||||
NEW ZEALAND — 0.1% | |||||
a2 Milk Co., Ltd. (b) | 60,175 | 449,196 | |||
Meridian Energy, Ltd. | 241,447 | 525,821 | |||
Spark New Zealand, Ltd. | 176,484 | 473,850 | |||
1,448,867 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
NORWAY — 0.6% | |||||
DNB ASA | 111,990 | $ 2,355,100 | |||
Equinor ASA | 94,846 | 2,673,014 | |||
Norsk Hydro ASA | 183,225 | 1,099,355 | |||
Telenor ASA | 80,634 | 1,575,390 | |||
Yara International ASA | 20,641 | 1,013,128 | |||
8,715,987 | |||||
PERU — 0.1% | |||||
Cia de Minas Buenaventura SAA ADR | 20,280 | 271,955 | |||
Credicorp, Ltd. | 7,796 | 1,739,132 | |||
2,011,087 | |||||
PHILIPPINES — 0.2% | |||||
Alliance Global Group, Inc. (b) | 641,100 | 148,083 | |||
Ayala Land, Inc. | 561,600 | 416,289 | |||
BDO Unibank, Inc. | 42,567 | 94,383 | |||
DMCI Holdings, Inc. | 1,518,450 | 319,822 | |||
Globe Telecom, Inc. | 3,010 | 122,562 | |||
GT Capital Holdings, Inc. | 8,803 | 133,601 | |||
JG Summit Holdings, Inc. | 267,990 | 267,593 | |||
Jollibee Foods Corp. | 115,140 | 547,677 | |||
Megaworld Corp. | 1,833,300 | 149,297 | |||
Metro Pacific Investments Corp. | 3,998,700 | 351,542 | |||
PLDT, Inc. ADR | 16,977 | 436,309 | |||
SM Prime Holdings, Inc. | 595,300 | 398,299 | |||
Universal Robina Corp. | 67,790 | 181,300 | |||
3,566,757 | |||||
POLAND — 0.2% | |||||
Alior Bank SA (b) | 39,385 | 673,138 | |||
Bank Millennium SA (b) | 137,731 | 345,626 | |||
CCC SA | 8,214 | 490,242 | |||
CD Projekt SA (b) | 3,490 | 177,336 | |||
Grupa Azoty SA | 12,788 | 109,628 | |||
LPP SA | 48 | 112,314 | |||
Orange Polska SA (b) | 99,572 | 119,937 | |||
Polski Koncern Naftowy ORLEN SA | 19,193 | 525,893 | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 51,994 | 605,122 | |||
Santander Bank Polska SA | 3,922 | 399,637 | |||
3,558,873 | |||||
PORTUGAL — 0.1% | |||||
EDP - Energias de Portugal SA | 175,656 | 648,390 | |||
Jeronimo Martins SGPS SA | 22,257 | 327,926 | |||
976,316 | |||||
QATAR — 0.1% | |||||
Commercial Bank PQSC | 28,177 | 312,605 | |||
Ezdan Holding Group QSC (b) | 68,778 | 200,205 | |||
Qatar Electricity & Water Co. QSC | 10,449 | 549,495 | |||
Qatar National Bank QPSC | 24,310 | 1,181,620 | |||
2,243,925 | |||||
ROMANIA — 0.0% (f) | |||||
NEPI Rockcastle PLC | 26,564 | 241,289 |
Security Description | Shares | Value | |||
RUSSIA — 0.9% | |||||
Gazprom PJSC ADR | 486,771 | $ 2,433,855 | |||
LUKOIL PJSC ADR | 54,457 | 4,162,693 | |||
Magnit PJSC GDR | 8,754 | 124,351 | |||
MMC Norilsk Nickel PJSC ADR (a) | 41,087 | 706,286 | |||
Mobile TeleSystems PJSC ADR | 97,204 | 829,150 | |||
RusHydro PJSC ADR (c) | 58,736 | 52,275 | |||
RusHydro PJSC ADR (c) | 128,062 | 114,615 | |||
Sberbank of Russia PJSC ADR | 128,137 | 1,624,777 | |||
Surgutneftegas PJSC ADR | 135,522 | 772,475 | |||
Tatneft PJSC ADR | 39,370 | 3,011,805 | |||
13,832,282 | |||||
SINGAPORE — 1.0% | |||||
CapitaLand, Ltd. | 413,000 | 1,018,634 | |||
DBS Group Holdings, Ltd. | 224,158 | 4,280,223 | |||
Singapore Exchange, Ltd. | 413,000 | 2,227,694 | |||
Singapore Press Holdings, Ltd. (a) | 620,300 | 1,302,932 | |||
Singapore Telecommunications, Ltd. | 1,008,900 | 2,392,385 | |||
United Overseas Bank, Ltd. | 210,929 | 4,180,450 | |||
Venture Corp., Ltd. | 3,400 | 43,870 | |||
15,446,188 | |||||
SOUTH AFRICA — 1.5% | |||||
Anglo American Platinum, Ltd. | 7,706 | 251,580 | |||
AngloGold Ashanti, Ltd. | 43,298 | 374,502 | |||
Aspen Pharmacare Holdings, Ltd. | 25,906 | 310,076 | |||
Bid Corp., Ltd. (a) | 24,105 | 502,362 | |||
Bidvest Group, Ltd. (a) | 29,353 | 383,733 | |||
Capitec Bank Holdings, Ltd. | 5,347 | 387,006 | |||
Coronation Fund Managers, Ltd. | 48,174 | 183,454 | |||
Discovery, Ltd. | 79,185 | 951,255 | |||
Exxaro Resources, Ltd. (a) | 7,215 | 74,112 | |||
FirstRand, Ltd. | 335,834 | 1,610,674 | |||
Fortress REIT, Ltd. Class B (a) | 143,714 | 154,669 | |||
Foschini Group, Ltd. | 32,147 | 393,840 | |||
Gold Fields, Ltd. | 79,420 | 190,984 | |||
Imperial Holdings, Ltd. | 22,453 | 277,663 | |||
Mr. Price Group, Ltd. | 32,525 | 524,629 | |||
MTN Group, Ltd. | 130,635 | 808,481 | |||
Naspers, Ltd. Class N | 34,202 | 7,375,475 | |||
Old Mutual, Ltd. | 590,638 | 1,249,145 | |||
Pioneer Foods Group, Ltd. | 31,559 | 205,171 | |||
PSG Group, Ltd. | 16,911 | 273,659 | |||
Rand Merchant Investment Holdings, Ltd. | 37,283 | 101,722 | |||
Remgro, Ltd. (a) | 40,281 | 561,465 | |||
Resilient REIT, Ltd. | 51,450 | 211,344 | |||
Sanlam, Ltd. | 247,981 | 1,386,293 | |||
Sasol, Ltd. | 45,319 | 1,753,450 | |||
Standard Bank Group, Ltd. | 136,022 | 1,682,102 | |||
Truworths International, Ltd. | 60,152 | 354,929 | |||
Woolworths Holdings, Ltd. | 64,534 | 226,191 | |||
22,759,966 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
SOUTH KOREA — 3.7% | |||||
Amorepacific Corp. | 582 | $ 136,941 | |||
Amorepacific Corp. Preference Shares | 2,203 | 273,079 | |||
AMOREPACIFIC Group | 544 | 45,756 | |||
BGF retail Co., Ltd. | 805 | 149,135 | |||
Celltrion Healthcare Co., Ltd. (b) | 578 | 48,043 | |||
Celltrion Pharm, Inc. (b) | 405 | 29,209 | |||
Celltrion, Inc. (a)(b) | 7,184 | 1,923,505 | |||
CJ CheilJedang Corp. | 2,478 | 745,020 | |||
CJ Corp. | 814 | 99,067 | |||
Coway Co., Ltd. | 3,302 | 258,385 | |||
E-MART, Inc. | 2,880 | 538,742 | |||
Hana Financial Group, Inc. | 38,078 | 1,529,299 | |||
Hanmi Pharm Co., Ltd. | 459 | 206,897 | |||
Hanmi Science Co., Ltd. | 1,909 | 151,102 | |||
Hanssem Co., Ltd. | 1,226 | 84,662 | |||
HDC Hyundai Development Co-Engineering & Construction (b) | 6,755 | 309,966 | |||
HLB, Inc. (b) | 2,084 | 225,637 | |||
Hotel Shilla Co., Ltd. | 3,555 | 347,728 | |||
Hyundai Department Store Co., Ltd. | 4,841 | 433,802 | |||
Hyundai Engineering & Construction Co., Ltd. | 2,944 | 179,148 | |||
Hyundai Heavy Industries Co., Ltd. (b) | 4,938 | 598,748 | |||
Hyundai Heavy Industries Holdings Co., Ltd. (b) | 868 | 316,917 | |||
Hyundai Mobis Co., Ltd. | 6,742 | 1,385,780 | |||
Hyundai Motor Co. | 14,877 | 1,736,824 | |||
Hyundai Steel Co. | 6,865 | 349,671 | |||
KB Financial Group, Inc. | 48,973 | 2,392,911 | |||
Kia Motors Corp. | 29,554 | 935,177 | |||
Korea Aerospace Industries, Ltd. (b) | 4,682 | 148,153 | |||
Korea Electric Power Corp. ADR (a) | 50,085 | 659,619 | |||
Korea Zinc Co., Ltd. | 2,558 | 1,005,443 | |||
KT Corp. ADR | 40,883 | 607,113 | |||
KT&G Corp. | 14,293 | 1,340,069 | |||
LG Chem, Ltd. | 1,550 | 510,728 | |||
LG Chem, Ltd. Preference Shares | 587 | 107,954 | |||
LG Electronics, Inc. | 16,048 | 1,027,188 | |||
LG Household & Health Care, Ltd. | 1,408 | 1,619,660 | |||
Lotte Chemical Corp. | 2,844 | 712,763 | |||
NAVER Corp. | 2,960 | 1,910,624 | |||
NCSoft Corp. | 2,479 | 988,918 | |||
Pearl Abyss Corp. (b) | 814 | 156,893 | |||
POSCO ADR | 29,903 | 1,973,598 | |||
Samsung Biologics Co., Ltd. (b)(d) | 677 | 325,912 | |||
Samsung C&T Corp. | 4,690 | 547,537 | |||
Samsung Electro-Mechanics Co., Ltd. | 1,557 | 195,108 |
Security Description | Shares | Value | |||
Samsung Electronics Co., Ltd. GDR | 15,491 | $ 16,219,077 | |||
Samsung Electronics Co., Ltd. Preference Shares | 28,137 | 960,095 | |||
Samsung Fire & Marine Insurance Co., Ltd. | 4,999 | 1,279,888 | |||
Samsung Heavy Industries Co., Ltd. (b) | 33,818 | 246,337 | |||
Samsung SDI Co., Ltd. | 1,969 | 458,856 | |||
Samsung SDS Co., Ltd. | 1,855 | 386,302 | |||
Samsung Securities Co., Ltd. | 27,850 | 819,745 | |||
Shinhan Financial Group Co., Ltd. | 43,479 | 1,763,854 | |||
SillaJen, Inc. (b) | 2,528 | 233,371 | |||
SK Holdings Co., Ltd. | 4,531 | 1,172,321 | |||
SK Hynix, Inc. | 39,430 | 2,598,452 | |||
SK Innovation Co., Ltd. | 6,478 | 1,255,596 | |||
SK Telecom Co., Ltd. ADR (a) | 20,267 | 565,044 | |||
ViroMed Co., Ltd. (b) | 652 | 141,539 | |||
57,368,908 | |||||
SPAIN — 1.9% | |||||
ACS Actividades de Construccion y Servicios SA | 43,166 | 1,839,036 | |||
Aena SME SA (d) | 1,036 | 179,895 | |||
Amadeus IT Group SA | 25,394 | 2,360,199 | |||
Banco Bilbao Vizcaya Argentaria SA | 476,177 | 3,036,406 | |||
Banco de Sabadell SA | 247,963 | 385,644 | |||
Banco Santander SA | 1,182,475 | 5,954,567 | |||
CaixaBank SA | 34,898 | 159,623 | |||
Ferrovial SA | 82,802 | 1,718,638 | |||
Iberdrola SA | 546,343 | 4,021,950 | |||
Industria de Diseno Textil SA | 99,020 | 3,002,955 | |||
Mapfre SA | 237,268 | 744,635 | |||
Naturgy Energy Group SA | 34,686 | 947,166 | |||
Repsol SA | 111,127 | 2,215,555 | |||
Telefonica SA | 371,598 | 2,942,723 | |||
29,508,992 | |||||
SWEDEN — 1.9% | |||||
Assa Abloy AB Class B | 129,778 | 2,607,030 | |||
Atlas Copco AB Class B | 90,035 | 2,400,913 | |||
Epiroc AB Class B (b) | 90,035 | 926,349 | |||
Essity AB Class B | 5,718 | 143,638 | |||
Hennes & Mauritz AB Class B (a) | 80,742 | 1,491,147 | |||
Husqvarna AB Class B | 207,680 | 1,767,797 | |||
Nordea Bank AB | 224,447 | 2,444,557 | |||
Sandvik AB | 112,077 | 1,988,052 | |||
Securitas AB Class B | 67,579 | 1,175,938 | |||
Skandinaviska Enskilda Banken AB Class A | 120,957 | 1,349,770 | |||
Skanska AB Class B | 67,380 | 1,322,491 | |||
SKF AB Class B | 55,183 | 1,088,060 | |||
Svenska Handelsbanken AB Class A | 148,555 | 1,875,062 | |||
Swedbank AB Class A | 73,682 | 1,825,231 | |||
Tele2 AB Class B | 92,783 | 1,116,334 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Telefonaktiebolaget LM Ericsson Class B | 283,424 | $ 2,513,885 | |||
Telia Co. AB | 163,500 | 750,469 | |||
Volvo AB Class B | 116,321 | 2,054,832 | |||
28,841,555 | |||||
SWITZERLAND — 6.1% | |||||
ABB, Ltd. | 197,498 | 4,688,758 | |||
Adecco Group AG | 16,746 | 883,588 | |||
Cie Financiere Richemont SA | 42,344 | 3,467,977 | |||
Coca-Cola HBC AG (b) | 13,374 | 455,717 | |||
Credit Suisse Group AG (b) | 156,209 | 2,358,807 | |||
Ferguson PLC | 19,572 | 1,662,814 | |||
Geberit AG | 4,549 | 2,119,886 | |||
Givaudan SA | 1,208 | 2,984,136 | |||
Glencore PLC (b) | 861,181 | 3,725,066 | |||
Julius Baer Group, Ltd. (b) | 12,956 | 651,381 | |||
Kuehne + Nagel International AG | 9,707 | 1,545,289 | |||
LafargeHolcim, Ltd. (b) | 27,542 | 1,366,104 | |||
Lonza Group AG (b) | 4,529 | 1,553,250 | |||
Nestle SA | 243,458 | 20,392,848 | |||
Novartis AG | 183,844 | 15,884,965 | |||
Roche Holding AG | 53,639 | 13,055,561 | |||
SGS SA | 827 | 2,187,723 | |||
Sika AG | 9,652 | 1,412,030 | |||
Sonova Holding AG | 2,455 | 490,849 | |||
STMicroelectronics NV | 30,995 | 564,131 | |||
Swatch Group AG | 4,733 | 1,891,165 | |||
Swiss Re AG | 28,274 | 2,622,466 | |||
Temenos AG (b) | 4,710 | 767,641 | |||
UBS Group AG (b) | 276,527 | 4,387,969 | |||
Zurich Insurance Group AG | 13,179 | 4,185,223 | |||
95,305,344 | |||||
TAIWAN — 2.8% | |||||
Acer, Inc. (b) | 337,000 | 278,690 | |||
Advantech Co., Ltd. | 28,599 | 213,090 | |||
Airtac International Group | 10,000 | 97,927 | |||
ASE Technology Holding Co., Ltd. | 171,000 | 417,237 | |||
Asustek Computer, Inc. | 11,000 | 95,110 | |||
AU Optronics Corp. ADR (a) | 276,506 | 1,164,090 | |||
Catcher Technology Co., Ltd. | 32,000 | 352,144 | |||
Cathay Financial Holding Co., Ltd. | 235,000 | 404,071 | |||
Chicony Electronics Co., Ltd. | 173,443 | 351,056 | |||
China Airlines, Ltd. | 1,014,000 | 307,192 | |||
China Development Financial Holding Corp. | 460,000 | 171,749 | |||
China Life Insurance Co., Ltd. | 215,493 | 216,672 | |||
Chunghwa Telecom Co., Ltd. ADR (a) | 74,067 | 2,659,746 | |||
Compal Electronics, Inc. | 243,000 | 150,816 | |||
CTBC Financial Holding Co., Ltd. | 591,558 | 445,611 | |||
Delta Electronics, Inc. | 89,785 | 385,217 | |||
E.Sun Financial Holding Co., Ltd. | 891,184 | 658,180 |
Security Description | Shares | Value | |||
Eclat Textile Co., Ltd. | 15,650 | $ 193,748 | |||
Eva Airways Corp. | 553,241 | 269,074 | |||
Feng TAY Enterprise Co., Ltd. | 41,036 | 252,670 | |||
Formosa Plastics Corp. | 348,000 | 1,333,508 | |||
Foxconn Technology Co., Ltd. | 24,240 | 59,145 | |||
Fubon Financial Holding Co., Ltd. | 372,000 | 631,107 | |||
Giant Manufacturing Co., Ltd. | 60,000 | 257,426 | |||
Globalwafers Co., Ltd. | 28,000 | 308,584 | |||
Highwealth Construction Corp. | 393,400 | 623,606 | |||
Hiwin Technologies Corp. | 23,869 | 197,390 | |||
Hon Hai Precision Industry Co., Ltd. GDR | 905,480 | 4,771,880 | |||
Hotai Motor Co., Ltd. | 7,000 | 59,952 | |||
HTC Corp. (b) | 64,000 | 85,101 | |||
Innolux Corp. | 309,000 | 107,274 | |||
Largan Precision Co., Ltd. | 6,000 | 714,309 | |||
Macronix International | 152,980 | 127,513 | |||
MediaTek, Inc. | 113,000 | 912,275 | |||
Mega Financial Holding Co., Ltd. | 25,948 | 23,370 | |||
Micro-Star International Co., Ltd. | 62,000 | 167,524 | |||
Pegatron Corp. | 48,000 | 96,053 | |||
Phison Electronics Corp. | 40,000 | 318,344 | |||
Pou Chen Corp. | 151,000 | 159,491 | |||
Powertech Technology, Inc. | 168,000 | 458,337 | |||
President Chain Store Corp. | 35,000 | 410,949 | |||
Ruentex Development Co., Ltd. (b) | 118,189 | 138,383 | |||
Standard Foods Corp. | 236,822 | 394,018 | |||
TaiMed Biologics, Inc. (b) | 14,000 | 86,431 | |||
Taishin Financial Holding Co., Ltd. | 869,411 | 419,998 | |||
Taiwan Business Bank | 2,123,859 | 772,110 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 375,818 | 16,596,123 | |||
Teco Electric and Machinery Co., Ltd. | 406,000 | 294,531 | |||
Uni-President Enterprises Corp. | 382,000 | 997,131 | |||
United Microelectronics Corp. ADR (a) | 847,704 | 2,187,076 | |||
Walsin Technology Corp. | 28,000 | 195,330 | |||
Win Semiconductors Corp. | 33,000 | 145,367 | |||
Yageo Corp. (a) | 21,169 | 318,232 | |||
Zhen Ding Technology Holding, Ltd. | 122,000 | 272,505 | |||
43,724,463 | |||||
THAILAND — 0.6% | |||||
Bangkok Bank PCL | 207,276 | 1,397,222 | |||
Bumrungrad Hospital PCL (g) | 81,500 | 468,738 | |||
Central Pattana PCL (g) | 247,400 | 634,947 | |||
CP ALL PCL NVDR | 373,000 | 795,826 | |||
Delta Electronics Thailand PCL (g) | 123,500 | 266,361 | |||
Energy Absolute PCL | 42,100 | 62,812 | |||
Indorama Ventures PCL (g) | 151,500 | 276,392 | |||
IRPC PCL (g) | 5,268,600 | 1,107,807 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Kasikornbank PCL | 96,700 | $ 651,843 | |||
Minor International PCL (g) | 253,900 | 321,889 | |||
PTT PCL (g) | 1,193,420 | 2,001,949 | |||
Siam Commercial Bank PCL NVDR | 120,400 | 554,719 | |||
Thai Union Group PCL Class F (g) | 291,900 | 161,565 | |||
TMB Bank PCL (g) | 2,101,400 | 149,450 | |||
8,851,520 | |||||
TURKEY — 0.1% | |||||
Akbank T.A.S. | 520,505 | 599,586 | |||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S REIT | 949,828 | 283,021 | |||
Turkiye Garanti Bankasi A/S | 398,861 | 511,914 | |||
Turkiye Is Bankasi A/S Class C | 554,311 | 407,846 | |||
1,802,367 | |||||
UNITED ARAB EMIRATES — 0.1% | |||||
Abu Dhabi Commercial Bank PJSC | 72,021 | 155,491 | |||
DP World, Ltd. | 9,936 | 189,778 | |||
Emaar Malls PJSC | 71,773 | 35,759 | |||
Emaar Properties PJSC | 142,623 | 192,206 | |||
Emirates Telecommunications Group Co. PJSC (a) | 14,069 | 63,967 | |||
First Abu Dhabi Bank PJSC | 28,790 | 112,086 | |||
749,287 | |||||
UNITED KINGDOM — 10.7% | |||||
3i Group PLC | 173,993 | 2,135,540 | |||
Anglo American PLC | 108,249 | 2,432,222 | |||
Associated British Foods PLC | 1,908 | 56,978 | |||
AstraZeneca PLC | 92,694 | 7,207,930 | |||
Auto Trader Group PLC (d) | 11,311 | 65,874 | |||
Aviva PLC | 301,769 | 1,926,289 | |||
BAE Systems PLC | 258,597 | 2,123,832 | |||
Barclays PLC | 1,254,922 | 2,811,146 | |||
Barratt Developments PLC (a) | 46,542 | 344,130 | |||
Berkeley Group Holdings PLC | 4,094 | 196,414 | |||
BP PLC | 1,529,859 | 11,756,606 | |||
British American Tobacco PLC | 170,704 | 7,979,329 | |||
British Land Co. PLC REIT | 225,123 | 1,810,749 | |||
BT Group PLC | 587,287 | 1,725,463 | |||
Burberry Group PLC | 55,213 | 1,450,810 | |||
Centrica PLC | 662,475 | 1,338,181 | |||
CNH Industrial NV | 69,674 | 837,587 | |||
Compass Group PLC | 194,141 | 4,319,072 | |||
Diageo PLC | 184,170 | 6,530,136 | |||
Experian PLC | 79,200 | 2,035,147 | |||
Fiat Chrysler Automobiles NV (b) | 108,466 | 1,907,890 | |||
G4S PLC | 122,289 | 385,920 | |||
GlaxoSmithKline PLC | 357,186 | 7,158,234 | |||
Hammerson PLC REIT | 157,582 | 938,494 | |||
HSBC Holdings PLC | 1,526,825 | 13,336,090 | |||
Imperial Brands PLC (a) | 94,937 | 3,306,766 |
Security Description | Shares | Value | |||
InterContinental Hotels Group PLC | 13,998 | $ 872,545 | |||
ITV PLC | 55,488 | 114,219 | |||
J Sainsbury PLC | 208,167 | 873,559 | |||
John Wood Group PLC | 28,291 | 284,665 | |||
Land Securities Group PLC REIT | 104,857 | 1,207,950 | |||
Legal & General Group PLC | 94,405 | 322,791 | |||
Lloyds Banking Group PLC | 4,213,468 | 3,256,632 | |||
Marks & Spencer Group PLC | 174,500 | 657,184 | |||
Micro Focus International PLC | 25,110 | 468,085 | |||
National Grid PLC | 383,785 | 3,960,757 | |||
Next PLC | 17,675 | 1,266,316 | |||
Pearson PLC | 93,810 | 1,088,763 | |||
Persimmon PLC | 15,216 | 469,273 | |||
Prudential PLC | 142,964 | 3,280,274 | |||
Randgold Resources, Ltd. | 5,811 | 412,992 | |||
Reckitt Benckiser Group PLC | 48,689 | 4,454,660 | |||
RELX PLC (c) | 136,581 | 2,878,232 | |||
RELX PLC (c) | 126,987 | 2,668,928 | |||
Rio Tinto PLC | 93,153 | 4,713,274 | |||
Rio Tinto, Ltd. (a) | 32,617 | 1,858,739 | |||
Rolls-Royce Holdings PLC (b) | 152,953 | 1,969,451 | |||
Royal Bank of Scotland Group PLC | 229,462 | 748,075 | |||
RSA Insurance Group PLC | 97,029 | 727,551 | |||
Sage Group PLC | 188,615 | 1,442,329 | |||
Segro PLC REIT | 96,182 | 799,968 | |||
Severn Trent PLC | 61,699 | 1,487,679 | |||
Shire PLC | 59,405 | 3,581,690 | |||
Sky PLC | 106,456 | 2,400,265 | |||
Smith & Nephew PLC | 130,056 | 2,373,545 | |||
Smiths Group PLC | 31,160 | 607,684 | |||
SSE PLC | 139,648 | 2,086,957 | |||
Standard Chartered PLC | 212,931 | 1,767,108 | |||
Standard Life Aberdeen PLC | 270,618 | 1,079,519 | |||
Taylor Wimpey PLC | 184,415 | 413,155 | |||
Tesco PLC | 760,566 | 2,378,374 | |||
Unilever NV | 131,709 | 7,337,683 | |||
Unilever PLC | 107,486 | 5,909,444 | |||
United Utilities Group PLC | 91,417 | 839,255 | |||
Vodafone Group PLC | 2,206,781 | 4,733,902 | |||
Whitbread PLC | 13,371 | 822,477 | |||
WPP PLC | 111,321 | 1,632,415 | |||
166,365,193 | |||||
UNITED STATES — 0.1% | |||||
Bausch Health Cos., Inc. (b) | 29,470 | 756,243 | |||
TOTAL COMMON STOCKS (Cost $1,477,726,224) | 1,540,816,503 |
SHORT-TERM INVESTMENTS — 1.6% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 48,847 | 48,847 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 24,362,815 | $ 24,362,815 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $24,411,662) | 24,411,662 | |||||
TOTAL INVESTMENTS — 100.9% (Cost $1,502,137,886) | 1,565,228,165 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.9)% | (14,336,213) | |||||
NET ASSETS — 100.0% | $ 1,550,891,952 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(f) | Amount is less than 0.05% of net assets. |
(g) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $5,389,098 representing 0.3% of net assets. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 73,520,948 | $ — | $ — | $ 73,520,948 | ||||
Austria | 4,207,456 | — | — | 4,207,456 | ||||
Belgium | 12,994,876 | — | — | 12,994,876 | ||||
Brazil | 23,424,863 | — | — | 23,424,863 | ||||
Canada | 103,759,260 | — | — | 103,759,260 | ||||
Chile | 3,419,737 | — | — | 3,419,737 | ||||
China | 111,250,537 | — | 0(a) | 111,250,537 | ||||
Colombia | 1,402,782 | — | — | 1,402,782 | ||||
Denmark | 18,336,895 | — | — | 18,336,895 | ||||
Egypt | 720,306 | — | — | 720,306 | ||||
Finland | 12,355,629 | — | — | 12,355,629 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
France | $ 113,098,322 | $ — | $ — | $ 113,098,322 | ||||
Germany | 98,244,084 | — | — | 98,244,084 | ||||
Greece | 1,283,035 | — | — | 1,283,035 | ||||
Hong Kong | 43,292,379 | — | 0(a) | 43,292,379 | ||||
Hungary | 1,986,987 | — | — | 1,986,987 | ||||
India | 31,156,202 | — | — | 31,156,202 | ||||
Indonesia | 7,849,076 | — | — | 7,849,076 | ||||
Ireland | 7,339,047 | — | — | 7,339,047 | ||||
Israel | 6,976,306 | — | — | 6,976,306 | ||||
Italy | 19,103,403 | — | — | 19,103,403 | ||||
Japan | 262,978,256 | — | — | 262,978,256 | ||||
Luxembourg | 1,850,493 | — | — | 1,850,493 | ||||
Macau | 258,191 | — | — | 258,191 | ||||
Malaysia | 7,313,082 | — | — | 7,313,082 | ||||
Mexico | 13,037,031 | — | — | 13,037,031 | ||||
Netherlands | 51,581,911 | — | — | 51,581,911 | ||||
New Zealand | 1,448,867 | — | — | 1,448,867 | ||||
Norway | 8,715,987 | — | — | 8,715,987 | ||||
Peru | 2,011,087 | — | — | 2,011,087 | ||||
Philippines | 3,566,757 | — | — | 3,566,757 | ||||
Poland | 3,558,873 | — | — | 3,558,873 | ||||
Portugal | 976,316 | — | — | 976,316 | ||||
Qatar | 2,243,925 | — | — | 2,243,925 | ||||
Romania | 241,289 | — | — | 241,289 | ||||
Russia | 13,832,282 | — | — | 13,832,282 | ||||
Singapore | 15,446,188 | — | — | 15,446,188 | ||||
South Africa | 22,759,966 | — | — | 22,759,966 | ||||
South Korea | 57,368,908 | — | — | 57,368,908 | ||||
Spain | 29,508,992 | — | — | 29,508,992 | ||||
Sweden | 28,841,555 | — | — | 28,841,555 | ||||
Switzerland | 95,305,344 | — | — | 95,305,344 | ||||
Taiwan | 43,724,463 | — | — | 43,724,463 | ||||
Thailand | 3,462,422 | 5,389,098 | — | 8,851,520 | ||||
Turkey | 1,802,367 | — | — | 1,802,367 | ||||
United Arab Emirates | 749,287 | — | — | 749,287 | ||||
United Kingdom | 166,365,193 | — | — | 166,365,193 | ||||
United States | 756,243 | — | — | 756,243 | ||||
Short-Term Investments | 24,411,662 | — | — | 24,411,662 | ||||
TOTAL INVESTMENTS | $1,559,839,067 | $5,389,098 | $ 0 | $1,565,228,165 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Table of Contents
SCHEDULE OF INVESTMENTS
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,559,265 | $ 1,559,265 | $ 54,308,324 | $ 55,818,742 | $— | $— | 48,847 | $ 48,847 | $ 21,663 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 19,433,641 | 19,433,641 | 399,885,592 | 394,956,418 | — | — | 24,362,815 | 24,362,815 | 420,778 | — | |||||||||
Total | $20,992,906 | $454,193,916 | $450,775,160 | $— | $— | $24,411,662 | $442,441 | $— |
15 | ARCWI |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
BRAZIL — 6.2% | |||||
AES Tiete Energia SA | 47,481 | $ 112,950 | |||
Aliansce Shopping Centers SA | 96,393 | 357,472 | |||
Alpargatas SA | 107,800 | 330,671 | |||
Alupar Investimento SA | 47,005 | 186,558 | |||
Anima Holding SA | 79,650 | 273,242 | |||
Arezzo Industria e Comercio SA | 46,799 | 502,261 | |||
Banco ABC Brasil SA Preference Shares | 84,412 | 295,074 | |||
Banco ABC Brasil SA | 3,192 | 11,038 | |||
Banco do Estado do Rio Grande do Sul SA Class B, Preference Shares | 114,900 | 430,996 | |||
Banco Inter SA Preference Shares (a) | 24,800 | 188,722 | |||
BK Brasil Operacao e Assessoria a Restaurantes SA (b) | 83,400 | 280,885 | |||
BR Malls Participacoes SA (b) | 546,400 | 1,316,214 | |||
BR Properties SA | 93,252 | 178,633 | |||
Cia de Gas de Sao Paulo - COMGAS Class A, Preference Shares | 17,500 | 215,773 | |||
Cia de Locacao das Americas | 30,800 | 207,465 | |||
Cia de Saneamento de Minas Gerais-COPASA | 52,621 | 513,093 | |||
Cia de Saneamento do Parana Preference Shares | 180,267 | 375,561 | |||
Cia Energetica de Sao Paulo Class B, Preference Shares | 104,315 | 387,895 | |||
Cia Ferro Ligas da Bahia - FERBASA Preference Shares | 94,713 | 458,677 | |||
Cia Hering | 129,396 | 575,770 | |||
Cia Paranaense de Energia | 67,200 | 338,394 | |||
Construtora Tenda SA (b) | 25,042 | 166,171 | |||
Cosan Logistica SA (b) | 79,167 | 200,220 | |||
Cosan, Ltd. Class A | 97,115 | 653,584 | |||
CVC Brasil Operadora e Agencia de Viagens SA | 105,258 | 1,141,522 | |||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 162,500 | 437,017 | |||
Direcional Engenharia SA (b) | 173,696 | 297,065 | |||
Dommo Energia SA (b) | 891,900 | 317,136 | |||
Duratex SA | 175,336 | 396,460 | |||
EcoRodovias Infraestrutura e Logistica SA | 140,177 | 251,322 | |||
EDP - Energias do Brasil SA | 191,600 | 613,631 | |||
Eneva SA (b) | 114,400 | 379,562 | |||
Estacio Participacoes SA | 212,000 | 1,326,609 | |||
Even Construtora e Incorporadora SA (b) | 74,258 | 56,713 | |||
Ez Tec Empreendimentos e Participacoes SA | 89,105 | 374,845 | |||
Fleury SA | 104,500 | 557,361 | |||
Gafisa SA (b) | 66,003 | 184,942 | |||
Grendene SA | 140,600 | 236,942 | |||
Guararapes Confeccoes SA | 7,700 | 200,523 |
Security Description | Shares | Value | |||
Iguatemi Empresa de Shopping Centers SA | 39,900 | $ 310,224 | |||
Instituto Hermes Pardini SA | 51,600 | 194,588 | |||
Iochpe Maxion SA | 107,777 | 515,466 | |||
Light SA | 73,024 | 233,506 | |||
Linx SA | 67,813 | 277,973 | |||
Magnesita Refratarios SA | 40,637 | 722,472 | |||
Mahle-Metal Leve SA | 36,535 | 221,851 | |||
Marcopolo SA Preference Shares | 498,833 | 427,191 | |||
Marfrig Global Foods SA (b) | 206,416 | 273,943 | |||
Metalurgica Gerdau SA Preference Shares | 486,685 | 972,505 | |||
Minerva SA (b) | 42,186 | 52,923 | |||
Movida Participacoes SA | 121,700 | 178,578 | |||
MRV Engenharia e Participacoes SA | 254,119 | 782,042 | |||
Multiplus SA | 33,500 | 204,428 | |||
Nexa Resources SA (b)(c) | 21,500 | 259,290 | |||
Odontoprev SA | 141,800 | 454,848 | |||
Oi SA Preference Shares (b) | 774,341 | 389,735 | |||
Oi SA (b) | 853,200 | 480,700 | |||
Omega Geracao SA | 50,300 | 185,151 | |||
QGEP Participacoes SA | 174,006 | 577,326 | |||
Qualicorp Consultoria e Corretora de Seguros SA | 149,400 | 616,522 | |||
Randon SA Implementos e Participacoes Preference Shares | 264,247 | 414,215 | |||
Santos Brasil Participacoes SA | 162,972 | 107,327 | |||
Sao Martinho SA | 77,585 | 355,913 | |||
Ser Educacional SA (a) | 56,670 | 234,709 | |||
SLC Agricola SA | 71,211 | 1,087,543 | |||
Smiles Fidelidade SA | 40,700 | 468,806 | |||
Tegma Gestao Logistica SA | 47,400 | 198,452 | |||
TOTVS SA | 89,344 | 561,539 | |||
Transmissora Alianca de Energia Eletrica SA | 180,200 | 902,455 | |||
Tupy SA | 34,900 | 177,141 | |||
Unipar Carbocloro SA Preference Shares | 23,400 | 238,831 | |||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | 77,302 | 243,507 | |||
Via Varejo SA | 93,200 | 348,197 | |||
Vulcabras Azaleia SA (b) | 138,200 | 174,759 | |||
Wiz Solucoes e Corretagem de Seguros SA | 91,400 | 178,518 | |||
29,352,143 | |||||
CHILE — 1.5% | |||||
Besalco SA | 128,680 | 117,494 | |||
CAP SA | 62,087 | 623,572 | |||
Engie Energia Chile SA | 153,819 | 294,019 | |||
Inversiones Aguas Metropolitanas SA | 510,825 | 757,804 | |||
Inversiones La Construccion SA | 46,953 | 817,335 | |||
Ripley Corp. SA | 1,003,014 | 934,920 | |||
Salfacorp SA | 446,290 | 764,566 | |||
SMU SA (b) | 2,137,533 | 643,658 | |||
Sociedad Matriz SAAM SA | 6,959,615 | 663,147 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
SONDA SA | 216,036 | $ 323,916 | |||
Vina Concha y Toro SA | 617,798 | 1,234,097 | |||
7,174,528 | |||||
CHINA — 14.2% | |||||
21Vianet Group, Inc. ADR (b) | 62,278 | 629,008 | |||
361 Degrees International, Ltd. | 981,000 | 249,484 | |||
500.com, Ltd. Class A, ADR (b)(c) | 29,159 | 322,499 | |||
AK Medical Holdings, Ltd. (a) | 240,000 | 165,012 | |||
Anhui Expressway Co., Ltd. Class H | 290,000 | 176,041 | |||
Anton Oilfield Services Group (b)(c) | 1,470,000 | 244,220 | |||
Ausnutria Dairy Corp., Ltd. | 387,000 | 420,389 | |||
Beijing Capital Land, Ltd. Class H | 1,204,400 | 441,747 | |||
Beijing Enterprises Clean Energy Group, Ltd. (b)(c) | 11,303,885 | 203,689 | |||
BEST, Inc. ADR (b)(c) | 106,800 | 632,256 | |||
Bitauto Holdings, Ltd. ADR (b)(c) | 22,800 | 524,400 | |||
Boshiwa International Holding, Ltd. (b)(c)(d) | 1,843,000 | — | |||
Boyaa Interactive International, Ltd. (b) | 356,000 | 85,532 | |||
Bright Scholar Education Holdings, Ltd. ADR (c) | 18,300 | 226,737 | |||
CAR, Inc. (b) | 227,000 | 179,572 | |||
Central China Real Estate, Ltd. | 440,000 | 178,814 | |||
CGN Meiya Power Holdings Co., Ltd. (a)(b) | 1,864,000 | 307,296 | |||
Changyou.com, Ltd. ADR | 15,712 | 207,398 | |||
Chaowei Power Holdings, Ltd. | 762,000 | 334,992 | |||
Cheetah Mobile, Inc. ADR (b)(c) | 37,899 | 372,547 | |||
China Aerospace International Holdings, Ltd. | 2,396,000 | 192,907 | |||
China Aircraft Leasing Group Holdings, Ltd. | �� | 529,500 | 574,506 | ||
China Animal Healthcare, Ltd. (b)(c)(d) | 1,059,700 | — | |||
China BlueChemical, Ltd. Class H | 1,928,000 | 781,066 | |||
China Customer Relations Centers, Inc. (b) | 15,300 | 212,364 | |||
China Datang Corp. Renewable Power Co., Ltd. Class H | 1,419,000 | 204,919 | |||
China Distance Education Holdings, Ltd. ADR | 36,923 | 305,722 | |||
China Dongxiang Group Co., Ltd. | 4,371,000 | 731,768 | |||
China Electronics Huada Technology Co., Ltd. (c) | 1,238,000 | 126,570 | |||
China Electronics Optics Valley Union Holding Co., Ltd. | 1,520,000 | 93,241 | |||
China Everbright Greentech, Ltd. (a) | 285,000 | 243,300 | |||
China Fangda Group Co., Ltd. Class B | 441,050 | 215,878 | |||
China Foods, Ltd. | 758,000 | 385,544 | |||
China Forestry Holdings Co., Ltd. (b)(c)(d) | 1,642,000 | — |
Security Description | Shares | Value | |||
China Greenland Broad Greenstate Group Co., Ltd. (c) | 116,000 | $ 11,118 | |||
China Harmony New Energy Auto Holding, Ltd. (c) | 726,500 | 302,674 | |||
China Hongxing Sports, Ltd. (b)(c)(d) | 4,053,000 | — | |||
China Huiyuan Juice Group, Ltd. (b)(e) | 1,494,400 | 385,780 | |||
China Lesso Group Holdings, Ltd. | 397,000 | 225,266 | |||
China Lilang, Ltd. | 620,000 | 579,995 | |||
China Logistics Property Holdings Co., Ltd. (a)(b) | 1,247,000 | 436,655 | |||
China Maple Leaf Educational Systems, Ltd. | 1,356,000 | 710,501 | |||
China Meidong Auto Holdings, Ltd. | 368,000 | 172,598 | |||
China Metal Resources Utilization, Ltd. (a)(b) | 316,000 | 180,112 | |||
China Modern Dairy Holdings, Ltd. (b)(c) | 2,460,000 | 342,675 | |||
China New Higher Education Group, Ltd. (a) | 335,000 | 230,757 | |||
China Nuclear Energy Technology Corp., Ltd. (b) | 1,276,000 | 122,302 | |||
China Overseas Grand Oceans Group, Ltd. (c) | 1,139,000 | 366,814 | |||
China Overseas Property Holdings, Ltd. (c) | 1,721,232 | 494,929 | |||
China Pioneer Pharma Holdings, Ltd. | 483,000 | 108,021 | |||
China Power Clean Energy Development Co., Ltd. | 535,000 | 194,175 | |||
China Rare Earth Holdings, Ltd. (b) | 1,856,400 | 85,407 | |||
China Resources Phoenix Healthcare Holdings Co., Ltd. (c) | 627,500 | 570,972 | |||
China SCE Property Holdings, Ltd. | 2,346,800 | 905,741 | |||
China Shanshui Cement Group, Ltd. (b)(c)(d) | 1,224,000 | — | |||
China Shineway Pharmaceutical Group, Ltd. | 356,000 | 486,805 | |||
China Silver Group, Ltd. (b)(c) | 1,056,000 | 151,148 | |||
China Singyes Solar Technologies Holdings, Ltd. (c) | 553,600 | 191,728 | |||
China South City Holdings, Ltd. | 1,024,000 | 167,506 | |||
China Suntien Green Energy Corp., Ltd. Class H | 1,619,000 | 451,050 | |||
China Tian Lun Gas Holdings, Ltd. | 199,500 | 183,058 | |||
China Travel International Investment Hong Kong, Ltd. | 3,472,000 | 1,118,154 | |||
China Unienergy Group, Ltd. (b) | 102,000 | 188,751 | |||
China Xinhua Education Group, Ltd. | 536,000 | 167,138 | |||
China Yongda Automobiles Services Holdings, Ltd. | 776,000 | 697,169 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Yuhua Education Corp., Ltd. (a) | 612,000 | $ 295,641 | |||
China ZhengTong Auto Services Holdings, Ltd. | 600,500 | 394,455 | |||
Chinasoft International, Ltd. (b) | 1,880,000 | 1,254,150 | |||
Chlitina Holding, Ltd. | 67,678 | 512,024 | |||
Chong Sing Holdings FinTech Group (b) | 9,480,000 | 508,837 | |||
CIMC Enric Holdings, Ltd. | 320,000 | 333,704 | |||
CITIC Resources Holdings, Ltd. (c) | 3,373,000 | 331,916 | |||
CITIC Telecom International Holdings, Ltd. | 1,905,000 | 650,021 | |||
Colour Life Services Group Co., Ltd. (b)(c) | 523,000 | 301,439 | |||
Consun Pharmaceutical Group, Ltd. | 515,600 | 411,167 | |||
Coolpad Group, Ltd. (b)(c)(d) | 2,353,600 | — | |||
Cosmo Lady China Holdings Co., Ltd. (a)(c) | 361,000 | 158,242 | |||
CPMC Holdings, Ltd. (c) | 534,000 | 202,001 | |||
Crystal International Group, Ltd. (a) | 369,000 | 242,388 | |||
CSSC Offshore and Marine Engineering Group Co., Ltd. Class H (b) | 214,000 | 177,766 | |||
CT Environmental Group, Ltd. (c) | 3,313,900 | 385,391 | |||
Dah Chong Hong Holdings, Ltd. | 1,224,000 | 477,092 | |||
Daqo New Energy Corp. ADR (b) | 7,916 | 206,687 | |||
Dongjiang Environmental Co., Ltd. Class H | 154,600 | 180,978 | |||
Dongyue Group, Ltd. | 534,000 | 368,516 | |||
Eastern Communications Co., Ltd. Class B | 246,074 | 127,220 | |||
eHi Car Services, Ltd. ADR (b)(c) | 18,200 | 206,570 | |||
Fang Holdings, Ltd. ADR (b) | 171,787 | 444,928 | |||
Fanhua, Inc. ADR (c) | 38,523 | 1,040,891 | |||
FIH Mobile, Ltd. (b) | 1,889,000 | 217,268 | |||
First Tractor Co., Ltd. Class H (b) | 124,500 | 36,436 | |||
Foshan Electrical and Lighting Co., Ltd. Class B | 173,580 | 90,950 | |||
Foxsemicon Integrated Technology, Inc. | 85,050 | 385,793 | |||
Fu Shou Yuan International Group, Ltd. | 1,406,000 | 1,097,862 | |||
Fufeng Group, Ltd. (b)(c) | 1,147,600 | 558,775 | |||
Genertec Universal Medical Group Co., Ltd. (a)(c) | 922,900 | 708,843 | |||
Golden Eagle Retail Group, Ltd. | 168,000 | 182,709 | |||
Goodbaby International Holdings, Ltd. (c) | 918,000 | 367,205 | |||
Grand Baoxin Auto Group, Ltd. | 896,601 | 264,687 | |||
Greatview Aseptic Packaging Co., Ltd. | 992,048 | 632,637 | |||
GreenTree Hospitality Group, Ltd. ADR (b) | 14,300 | 181,610 | |||
Guorui Properties, Ltd. (c) | 1,114,000 | 290,427 | |||
Guotai Junan International Holdings, Ltd. | 1,603,000 | 280,657 |
Security Description | Shares | Value | |||
Haichang Ocean Park Holdings, Ltd. (a)(b) | 808,000 | $ 172,444 | |||
Hailiang Education Group, Inc. ADR (b) | 2,400 | 164,664 | |||
Harbin Electric Co., Ltd. Class H (c) | 698,000 | 219,438 | |||
Hengxing Gold Holding Co., Ltd. | 210,000 | 219,530 | |||
HNA Holding Group Co., Ltd. (b)(c) | 3,934,000 | 98,037 | |||
Hollysys Automation Technologies, Ltd. | 45,721 | 977,058 | |||
Honghua Group, Ltd. (b)(c) | 2,640,000 | 222,674 | |||
Huadian Energy Co., Ltd. Class B (b) | 345,900 | 105,500 | |||
Huadian Fuxin Energy Corp., Ltd. Class H | 966,000 | 195,054 | |||
Huangshan Tourism Development Co., Ltd. Class B | 427,861 | 527,125 | |||
HUYA, Inc. ADR (b) | 9,400 | 221,652 | |||
iKang Healthcare Group, Inc. ADR (b)(c) | 16,200 | 293,220 | |||
Inner Mongolia Eerduosi Resourses Co., Ltd. Class B | 136,900 | 133,614 | |||
Jiangnan Group, Ltd. (b)(c) | 504,000 | 27,052 | |||
Jinchuan Group International Resources Co., Ltd. (b) | 2,289,000 | 310,079 | |||
Jingrui Holdings, Ltd. | 487,000 | 155,593 | |||
JinkoSolar Holding Co., Ltd. ADR (b)(c) | 23,039 | 248,130 | |||
JNBY Design, Ltd. | 115,000 | 203,990 | |||
Joy City Property, Ltd. | 1,626,000 | 197,408 | |||
Jumei International Holding, Ltd. ADR (b)(c) | 46,246 | 98,504 | |||
Jupai Holdings, Ltd. ADR | 14,400 | 124,128 | |||
Kama Co., Ltd. Class B (b) | 270,800 | 161,126 | |||
Kandi Technologies Group, Inc. (b)(c) | 43,795 | 212,406 | |||
Kangda International Environmental Co., Ltd. (a)(b) | 807,200 | 108,316 | |||
Kasen International Holdings, Ltd. | 374,000 | 162,507 | |||
Konka Group Co., Ltd. Class B | 374,000 | 131,917 | |||
Launch Tech Co., Ltd. Class H | 176,000 | 186,686 | |||
LexinFintech Holdings, Ltd. ADR (b)(c) | 33,900 | 336,627 | |||
Leyou Technologies Holdings, Ltd. (b) | 1,414,200 | 460,863 | |||
Lifetech Scientific Corp. (b)(c) | 2,406,000 | 593,436 | |||
LongiTech Smart Energy Holding, Ltd. (b) | 593,000 | 155,357 | |||
Lonking Holdings, Ltd. | 2,346,000 | 758,525 | |||
Luoyang Glass Co., Ltd. Class H (b)(c) | 460,000 | 146,967 | |||
LVGEM China Real Estate Investment Co., Ltd. | 394,000 | 122,859 | |||
Maoye International Holdings, Ltd. | 1,618,000 | 134,404 | |||
Microport Scientific Corp. | 238,000 | 315,107 | |||
National Agricultural Holdings, Ltd. (b)(c)(d) | 396,000 | 30,112 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Noah Holdings, Ltd. ADR (b)(c) | 24,783 | $ 1,044,356 | |||
Ozner Water International Holding, Ltd. (a)(c) | 1,273,000 | 294,461 | |||
Parkson Retail Group, Ltd. (b) | 2,793,000 | 267,703 | |||
Poly Culture Group Corp., Ltd. Class H (c) | 161,900 | 204,421 | |||
Poly Property Group Co., Ltd. | 2,039,000 | 719,196 | |||
Powerlong Real Estate Holdings, Ltd. | 1,305,000 | 553,694 | |||
PPDAI Group, Inc. ADR (b) | 37,900 | 203,902 | |||
PW Medtech Group, Ltd. (b) | 2,454,000 | 504,919 | |||
Q Technology Group Co., Ltd. (c) | 278,000 | 179,770 | |||
Qudian, Inc. ADR (b) | 36,900 | 192,249 | |||
Real Gold Mining, Ltd. (b)(c)(d) | 251,500 | — | |||
Renhe Commercial Holdings Co., Ltd. (b)(c) | 7,240,000 | 245,192 | |||
Ronshine China Holdings, Ltd. (b) | 296,000 | 346,504 | |||
Seven Stars Cloud Group, Inc. (b) | 36,500 | 138,335 | |||
Shandong Airlines Co., Ltd. Class B | 216,700 | 345,617 | |||
Shang Gong Group Co., Ltd. Class B (b) | 252,000 | 172,620 | |||
Shanghai Chlor-Alkali Chemical Co., Ltd. Class B | 429,600 | 283,536 | |||
Shanghai Diesel Engine Co., Ltd. Class B | 373,360 | 229,616 | |||
Shanghai Fudan Microelectronics Group Co., Ltd. Class H (b) | 98,000 | 101,445 | |||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H | 483,000 | 247,521 | |||
Shanghai Haixin Group Co. Class B | 645,708 | 316,397 | |||
Shanghai Highly Group Co., Ltd. Class B | 259,900 | 258,341 | |||
Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H | 1,042,000 | 292,962 | |||
Shanghai Jinjiang International Industrial Investment Co., Ltd. Class B | 115,600 | 118,952 | |||
Shanghai Jinjiang International Travel Co., Ltd. Class B | 99,400 | 207,348 | |||
Shanghai Potevio Co., Ltd. Class B (b)(e) | 79,800 | 32,080 | |||
Shanghai Shibei Hi-Tech Co., Ltd. Class B | 446,200 | 170,895 | |||
Sheng Ye Capital, Ltd. | 188,000 | 168,902 | |||
Shenzhen SEG Co., Ltd. Class B | 150,300 | 54,743 | |||
Shougang Concord International Enterprises Co., Ltd. (b) | 12,034,000 | 295,279 | |||
Shougang Fushan Resources Group, Ltd. | 3,032,000 | 674,217 | |||
Shui On Land, Ltd. | 478,000 | 111,178 | |||
Shunfeng International Clean Energy, Ltd. (b)(c) | 1,445,300 | 61,876 | |||
Sichuan Expressway Co., Ltd. Class H | 1,594,000 | 492,975 | |||
Silergy Corp. | 64,000 | 1,152,851 |
Security Description | Shares | Value | |||
Silver Grant International Industries, Ltd. (b) | 730,000 | $ 163,261 | |||
Sinofert Holdings, Ltd. (b)(c) | 1,546,000 | 199,550 | |||
Sinopec Kantons Holdings, Ltd. | 1,066,000 | 475,449 | |||
Sinosoft Technology Group, Ltd. (c) | 707,200 | 212,389 | |||
Sinotrans Shipping, Ltd. (c) | 2,109,000 | 695,372 | |||
Sinovac Biotech, Ltd. (b)(c) | 63,250 | 486,393 | |||
Skyfame Realty Holdings, Ltd. | 536,000 | 335,646 | |||
Sogou, Inc. ADR (b) | 36,500 | 271,195 | |||
Sohu.com, Ltd. ADR (b)(c) | 30,074 | 597,871 | |||
Springland International Holdings, Ltd. | 1,318,000 | 288,027 | |||
Sun King Power Electronics Group (c) | 1,089,000 | 192,056 | |||
Suncity Group Holdings, Ltd. (b) | 240,000 | 41,100 | |||
Sunshine 100 China Holdings, Ltd. (a)(b) | 459,000 | 184,776 | |||
Tarena International, Inc. ADR (c) | 38,845 | 315,421 | |||
Tian Ge Interactive Holdings, Ltd. (a)(c) | 720,000 | 445,348 | |||
Tiangong International Co., Ltd. (c) | 1,664,000 | 370,019 | |||
Tianjin Development Holdings, Ltd. (c) | 812,000 | 293,673 | |||
Tianjin Port Development Holdings, Ltd. (b) | 3,956,000 | 449,953 | |||
Tianjin ZhongXin Pharmaceutical Group Corp., Ltd. | 351,300 | 344,274 | |||
Tianneng Power International, Ltd. | 726,000 | 641,115 | |||
Tong Ren Tang Technologies Co., Ltd. Class H | 733,000 | 1,073,519 | |||
Tongfang Kontafarma Holdings, Ltd. (b) | 1,959,553 | 91,405 | |||
Tuniu Corp. ADR (b)(c) | 88,394 | 634,669 | |||
V1 Group, Ltd. (b)(c)(e) | 2,188,999 | 134,279 | |||
Virscend Education Co., Ltd. (a) | 1,008,000 | 606,740 | |||
West China Cement, Ltd. | 2,544,000 | 477,920 | |||
Wisdom Education International Holdings Co., Ltd. (c) | 344,000 | 181,564 | |||
Xiabuxiabu Catering Management China Holdings Co., Ltd. (a) | 148,000 | 221,294 | |||
Xiamen International Port Co., Ltd. Class H | 2,038,000 | 289,100 | |||
Xi'an Haitiantian Holdings Co., Ltd. (b) | 236,000 | 84,448 | |||
Xingda International Holdings, Ltd. | 608,000 | 176,381 | |||
Xtep International Holdings, Ltd. | 434,500 | 251,541 | |||
Xunlei, Ltd. ADR (b)(c) | 19,824 | 143,922 | |||
Yadea Group Holdings, Ltd. (a) | 590,000 | 204,335 | |||
Yestar Healthcare Holdings Co., Ltd. (c) | 1,237,200 | 343,100 | |||
Yirendai, Ltd. ADR (c) | 9,200 | 169,280 | |||
Zai Lab, Ltd. ADR (b)(c) | 10,900 | 212,332 | |||
Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H | 220,600 | 117,843 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Zhou Hei Ya International Holdings Co., Ltd. (a)(b)(c) | 315,000 | $ 188,801 | |||
66,927,823 | |||||
COLOMBIA — 0.2% | |||||
Avianca Holdings SA Preference Shares | 184,332 | 131,294 | |||
Celsia SA ESP | 236,885 | 346,226 | |||
Cemex Latam Holdings SA (b) | 136,452 | 248,146 | |||
725,666 | |||||
CZECH REPUBLIC — 0.4% | |||||
Moneta Money Bank A/S (a) | 414,172 | 1,524,451 | |||
Philip Morris CR A/S | 870 | 584,004 | |||
2,108,455 | |||||
EGYPT — 0.6% | |||||
Egypt Kuwait Holding Co. SAE | 558,391 | 647,175 | |||
Egyptian Financial Group-Hermes Holding Co. (b) | 505,941 | 485,613 | |||
Ezz Steel (b) | 383,580 | 473,268 | |||
Global Telecom Holding SAE (b) | 1,489,242 | 275,909 | |||
Juhayna Food Industries | 467,628 | 265,911 | |||
Orascom Investment Holding (b) | 2,912,994 | 98,346 | |||
Sidi Kerir Petrochemicals Co. | 126,671 | 153,956 | |||
Six of October Development & Investment (b) | 431,618 | 526,516 | |||
2,926,694 | |||||
GREECE — 1.6% | |||||
Aegean Airlines SA | 42,427 | 374,520 | |||
Diana Shipping, Inc. (b) | 68,869 | 283,740 | |||
Ellaktor SA (b) | 91,341 | 151,712 | |||
Eurobank Ergasias SA (b) | 1,130,834 | 852,437 | |||
FF Group (b)(e) | 24,815 | 69,174 | |||
Fourlis Holdings SA (b) | 30,037 | 180,371 | |||
GEK Terna Holding Real Estate Construction SA (b) | 40,839 | 240,493 | |||
Grivalia Properties REIC AE | 43,631 | 403,899 | |||
Hellenic Exchanges - Athens Stock Exchange SA | 74,271 | 376,981 | |||
Holding Co. ADMIE IPTO SA | 125,407 | 240,339 | |||
Mytilineos Holdings SA | 91,644 | 910,100 | |||
National Bank of Greece SA (b) | 375,980 | 764,226 | |||
Piraeus Bank SA (b) | 227,384 | 496,520 | |||
Public Power Corp. SA (b) | 119,315 | 195,127 | |||
Star Bulk Carriers Corp. (b) | 66,077 | 954,813 | |||
StealthGas, Inc. (b) | 66,025 | 235,049 | |||
Titan Cement Co. SA | 19,310 | 478,850 | |||
Tsakos Energy Navigation, Ltd. | 99,915 | 338,712 | |||
7,547,063 | |||||
HONG KONG — 2.9% | |||||
Agritrade Resources, Ltd. (c) | 1,550,000 | 340,707 | |||
AGTech Holdings, Ltd. (b) | 2,276,000 | 174,520 | |||
Ajisen China Holdings, Ltd. | 669,000 | 275,298 | |||
Anxin-China Holdings, Ltd. (b)(d) | 2,248,000 | — | |||
Beijing Enterprises Medical & Health Group, Ltd. (b)(c) | 2,279,600 | 104,877 |
Security Description | Shares | Value | |||
Bosideng International Holdings, Ltd. | 1,992,000 | $ 280,029 | |||
Camsing International Holding, Ltd. (b) | 224,000 | 193,802 | |||
Carnival Group International Holdings, Ltd. (b)(c) | 2,330,000 | 66,402 | |||
China Animation Characters Co., Ltd. (c) | 1,032,000 | 356,094 | |||
China Beidahuang Industry Group Holdings, Ltd. Class A (b) | 2,098,400 | 66,238 | |||
China High Precision Automation Group, Ltd. (d) | 1,226,000 | — | |||
China High Speed Transmission Equipment Group Co., Ltd. (c) | 594,000 | 683,204 | |||
China Lumena New Materials Corp. (b)(c)(d) | 4,181,298 | — | |||
China Metal Recycling Holdings, Ltd. (b)(c)(d) | 693,675 | — | |||
China Minsheng Financial Holding Corp., Ltd. (b)(c) | 7,810,000 | 319,391 | |||
China NT Pharma Group Co., Ltd. | 922,400 | 174,463 | |||
China Oil & Gas Group, Ltd. (b) | 4,748,000 | 345,865 | |||
China Water Affairs Group, Ltd. (c) | 454,000 | 508,835 | |||
Comba Telecom Systems Holdings, Ltd. (b)(c) | 220,575 | 34,672 | |||
Concord New Energy Group, Ltd. | 8,140,000 | 327,685 | |||
Dawnrays Pharmaceutical Holdings, Ltd. | 1,368,000 | 316,436 | |||
Digital China Holdings, Ltd. (b)(c) | 915,000 | 489,955 | |||
EPI Holdings, Ltd. (b) | 540,000 | 38,646 | |||
Essex Bio-technology, Ltd. | 240,000 | 188,322 | |||
GCL-Poly Energy Holdings, Ltd. (b) | 7,929,000 | 557,317 | |||
Glorious Property Holdings, Ltd. (b)(c) | 1,946,000 | 100,721 | |||
Golden Meditech Holdings, Ltd. (c) | 660,000 | 71,694 | |||
Ground International Development, Ltd. (b) | 1,450,000 | 146,392 | |||
Hi Sun Technology China, Ltd. (b)(c) | 1,743,000 | 240,570 | |||
Hua Han Health Industry Holdings, Ltd. (b)(c)(d) | 2,414,560 | — | |||
Huabao International Holdings, Ltd. | 1,351,000 | 725,147 | |||
Huayi Tencent Entertainment Co., Ltd. (b)(c) | 3,000,000 | 113,100 | |||
IMAX China Holding, Inc. (a) | 70,900 | 180,491 | |||
Ju Teng International Holdings, Ltd. | 965,500 | 243,075 | |||
Lifestyle China Group, Ltd. (b) | 386,000 | 156,868 | |||
NetDragon Websoft Holdings, Ltd. (c) | 252,000 | 527,516 | |||
NewOcean Energy Holdings, Ltd. (b)(c) | 1,608,000 | 499,360 | |||
Pou Sheng International Holdings, Ltd. | 2,154,000 | 429,429 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Qianhai Health Holdings, Ltd. | 1 | $ — | |||
Seaspan Corp. (c) | 78,600 | 654,738 | |||
Shenwan Hongyuan HK, Ltd. | 505,000 | 114,231 | |||
Skyworth Digital Holdings, Ltd. | 1,782,000 | 503,293 | |||
Solartech International Holdings, Ltd. (b)(c) | 1,440,000 | 174,827 | |||
Tech Pro Technology Development, Ltd. (b)(e) | 6,035,100 | 52,446 | |||
Tibet Water Resources, Ltd. (b)(c) | 1,927,000 | 608,275 | |||
United Laboratories International Holdings, Ltd. (c) | 930,500 | 825,272 | |||
Wasion Holdings, Ltd. (c) | 759,000 | 384,112 | |||
Yuexiu Transport Infrastructure, Ltd. | 1,130,549 | 897,227 | |||
13,491,542 | |||||
HUNGARY — 0.2% | |||||
Magyar Telekom Telecommunications PLC | 525,738 | 755,176 | |||
INDIA — 10.3% | |||||
Aarti Industries | 10,966 | 175,813 | |||
Adani Green Energy, Ltd. (b) | 204,787 | 115,403 | |||
Adani Power, Ltd. (b) | 782,712 | 256,981 | |||
Aegis Logistics, Ltd. | 74,732 | 204,846 | |||
Ajanta Pharma, Ltd. (b) | 7,899 | 115,913 | |||
Alembic Pharmaceuticals, Ltd. | 25,136 | 218,107 | |||
Allahabad Bank (b) | 142,309 | 69,692 | |||
Andhra Bank (b) | 92,942 | 35,131 | |||
APL Apollo Tubes, Ltd. | 7,875 | 137,533 | |||
Arvind, Ltd. | 173,111 | 759,286 | |||
Asahi India Glass, Ltd. | 40,045 | 175,338 | |||
Astral Poly Technik, Ltd. | 14,145 | 192,125 | |||
Avanti Feeds, Ltd. | 13,431 | 71,713 | |||
Bajaj Corp., Ltd. | 56,924 | 323,687 | |||
Bajaj Electricals, Ltd. | 21,738 | 150,703 | |||
Balrampur Chini Mills, Ltd. | 350,262 | 343,304 | |||
BASF India, Ltd. | 5,955 | 153,463 | |||
Bata India, Ltd. | 89,315 | 1,195,508 | |||
Birla Corp., Ltd. | 18,071 | 158,673 | |||
Blue Dart Express, Ltd. | 6,246 | 258,344 | |||
Bombay Dyeing & Manufacturing Co., Ltd. | 48,055 | 111,205 | |||
Can Fin Homes, Ltd. | 9,277 | 30,407 | |||
Capital First, Ltd. | 38,395 | 259,533 | |||
CARE Ratings, Ltd. | 20,111 | 329,242 | |||
Ceat, Ltd. | 33,107 | 521,130 | |||
Century Textiles & Industries, Ltd. | 14,167 | 160,559 | |||
Cera Sanitaryware, Ltd. | 4,853 | 171,863 | |||
CESC, Ltd. | 28,130 | 318,534 | |||
CG Power and Industrial Solutions, Ltd. (b) | 523,991 | 323,835 | |||
Chennai Super Kings Cricket, Ltd. (b)(d) | 418,560 | — | |||
Coffee Day Enterprises, Ltd. (a)(b) | 7,365 | 28,687 | |||
Coromandel International, Ltd. | 35,137 | 195,801 | |||
Cox & Kings, Ltd. | 62,021 | 143,909 | |||
CRISIL, Ltd. | 8,504 | 206,019 | |||
Cyient, Ltd. | 45,821 | 471,042 |
Security Description | Shares | Value | |||
DB Corp., Ltd. | 54,967 | $ 161,701 | |||
DCB Bank, Ltd. | 102,836 | 209,956 | |||
DCM Shriram, Ltd. | 18,154 | 109,190 | |||
Delta Corp., Ltd. | 54,131 | 156,516 | |||
Dilip Buildcon, Ltd. (a) | 30,509 | 275,229 | |||
Dish TV India, Ltd. (b) | 281,928 | 223,434 | |||
Dr Lal PathLabs, Ltd. (a) | 30,477 | 403,004 | |||
eClerx Services, Ltd. | 16,818 | 245,832 | |||
EIH, Ltd. | 52,943 | 108,055 | |||
Engineers India, Ltd. | 101,084 | 165,801 | |||
Eris Lifesciences, Ltd. (a)(b) | 16,547 | 166,611 | |||
Escorts, Ltd. | 110,927 | 936,200 | |||
Finolex Cables, Ltd. | 23,286 | 170,333 | |||
Force Motors, Ltd. | 10,219 | 258,252 | |||
Fortis Healthcare, Ltd. (b) | 223,459 | 415,999 | |||
Future Consumer, Ltd. (b) | 278,964 | 150,084 | |||
Future Lifestyle Fashions, Ltd. | 9,277 | 50,896 | |||
Gateway Distriparks, Ltd. | 182,896 | 366,726 | |||
Gayatri Projects, Ltd. (b) | 67,466 | 156,031 | |||
GE T&D India, Ltd. | 84,778 | 275,713 | |||
GMR Infrastructure, Ltd. (b) | 2,423,709 | 541,648 | |||
Godfrey Phillips India, Ltd. | 23,095 | 239,393 | |||
Great Eastern Shipping Co. Ltd | 41,911 | 166,337 | |||
Gujarat Alkalies & Chemicals, Ltd. | 4,302 | 35,409 | |||
Gujarat Fluorochemicals, Ltd. | 3,553 | 39,929 | |||
Gujarat Narmada Valley Fertilizers & Chemicals, Ltd. | 9,652 | 46,529 | |||
Gujarat Pipavav Port, Ltd. | 363,787 | 503,350 | |||
Gujarat State Petronet, Ltd. | 46,555 | 112,036 | |||
GVK Power & Infrastructure, Ltd. (b) | 196,798 | 21,040 | |||
Hathway Cable & Datacom, Ltd. (b) | 135,172 | 43,634 | |||
Hexaware Technologies, Ltd. | 159,853 | 945,689 | |||
Himachal Futuristic Communications, Ltd. | 341,765 | 93,114 | |||
Himadri Speciality Chemical, Ltd. | 37,337 | 59,001 | |||
Himatsingka Seide, Ltd. | 45,508 | 138,332 | |||
Hindustan Copper, Ltd. | 224,991 | 158,291 | |||
HSIL, Ltd. | 3,677 | 12,975 | |||
ICICI Securities, Ltd. (a) | 41,089 | 163,897 | |||
IDFC, Ltd. | 864,162 | 473,865 | |||
IFB Industries, Ltd. (b) | 10,245 | 147,626 | |||
IFCI, Ltd. (b) | 298,615 | 49,021 | |||
India Cements, Ltd. | 389,636 | 543,953 | |||
Indiabulls Integrated Services, Ltd. | 16,171 | 110,904 | |||
Indiabulls Real Estate, Ltd. (b) | 388,972 | 471,124 | |||
Indiabulls Ventures, Ltd. | 19,836 | 147,463 | |||
Inox Leisure, Ltd. (b) | 51,404 | 153,524 | |||
Ipca Laboratories, Ltd. | 66,166 | 620,175 | |||
IRB Infrastructure Developers, Ltd. | 205,480 | 388,907 | |||
J Kumar Infraprojects, Ltd. | 5,375 | 15,067 | |||
Jain Irrigation Systems, Ltd. | 283,441 | 238,710 | |||
Jaiprakash Associates, Ltd. (b) | 772,637 | 70,346 | |||
Jammu & Kashmir Bank, Ltd. (b) | 417,890 | 238,086 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Jindal Saw, Ltd. | 126,408 | $ 127,908 | |||
Jindal Stainless Hisar, Ltd. (b) | 81,991 | 124,304 | |||
Jindal Stainless, Ltd. (b) | 178,624 | 132,446 | |||
JM Financial, Ltd. | 153,918 | 183,665 | |||
Johnson Controls-Hitachi Air Conditioning India, Ltd. | 6,988 | 177,452 | |||
JSW Energy, Ltd. (b) | 697,996 | 589,768 | |||
Jubilant Life Sciences, Ltd. | 92,968 | 939,684 | |||
Just Dial, Ltd. (b) | 48,438 | 319,067 | |||
Jyothy Laboratories, Ltd. (f) | 99,890 | 269,051 | |||
Kajaria Ceramics, Ltd. | 115,535 | 585,564 | |||
Kalpataru Power Transmission, Ltd. | 38,423 | 177,274 | |||
Karnataka Bank Ltd | 108,139 | 145,001 | |||
Karur Vysya Bank, Ltd. | 497,334 | 533,078 | |||
KEC International, Ltd. | 23,610 | 96,407 | |||
KEI Industries, Ltd. | 10,943 | 54,194 | |||
KPIT Technologies, Ltd. | 233,008 | 685,942 | |||
KRBL, Ltd. | 42,034 | 189,701 | |||
Lemon Tree Hotels, Ltd. (a)(b) | 167,160 | 167,414 | |||
Magma Fincorp, Ltd. | 100,400 | 159,346 | |||
Mahindra CIE Automotive, Ltd. (b) | 111,601 | 407,746 | |||
Mahindra Holidays & Resorts India, Ltd. | 51,098 | 151,165 | |||
Mahindra Lifespace Developers, Ltd. | 26,954 | 162,490 | |||
MakeMyTrip, Ltd. (b)(c) | 37,092 | 1,018,175 | |||
Manappuram Finance, Ltd. | 539,075 | 538,406 | |||
Marksans Pharma, Ltd. | 533,954 | 216,557 | |||
Max Financial Services, Ltd. (b) | 82,960 | 467,272 | |||
McLeod Russel India, Ltd. | 121,850 | 244,238 | |||
Minda Industries, Ltd. | 47,850 | 233,144 | |||
Monsanto India, Ltd. | 6,563 | 239,691 | |||
Motilal Oswal Financial Services, Ltd. | 20,202 | 187,779 | |||
Multi Commodity Exchange of India, Ltd. | 15,119 | 143,588 | |||
Natco Pharma, Ltd. | 83,134 | 861,846 | |||
NBCC India, Ltd. | 218,647 | 176,450 | |||
NCC, Ltd. | 715,858 | 720,894 | |||
NIIT Technologies, Ltd. | 6,649 | 100,629 | |||
Oriental Bank of Commerce (b) | 40,391 | 34,267 | |||
PC Jeweller, Ltd. | 108,608 | 93,416 | |||
Persistent Systems, Ltd. | 53,675 | 583,768 | |||
Phoenix Mills, Ltd. | 41,282 | 312,505 | |||
PI Industries, Ltd. | 94,551 | 928,554 | |||
PNC Infratech, Ltd. | 82,415 | 155,814 | |||
Prestige Estates Projects, Ltd. | 117,099 | 338,988 | |||
Prism Johnson, Ltd. | 116,000 | 140,179 | |||
PTC India, Ltd. | 419,101 | 385,626 | |||
PVR, Ltd. | 51,889 | 860,224 | |||
Quess Corp., Ltd. (a)(b) | 30,913 | 378,939 | |||
Radico Khaitan, Ltd. | 19,599 | 93,804 | |||
Rain Industries, Ltd. | 49,435 | 111,363 | |||
Redington India, Ltd. | 357,257 | 462,773 | |||
Reliance Capital, Ltd. | 53,151 | 206,914 | |||
Reliance Communications, Ltd. (b) | 1,042,621 | 171,157 |
Security Description | Shares | Value | |||
Reliance Home Finance, Ltd. | 117,974 | $ 79,989 | |||
Reliance Infrastructure, Ltd. | 63,633 | 263,521 | |||
Reliance Power, Ltd. (b) | 386,063 | 139,002 | |||
Repco Home Finance, Ltd. | 32,902 | 195,351 | |||
Sadbhav Engineering, Ltd. | 85,804 | 256,382 | |||
Satin Creditcare Network, Ltd. (b) | 37,668 | 147,497 | |||
Schaeffler India, Ltd. | 3,853 | 285,741 | |||
Shankara Building Products, Ltd. | 10,124 | 171,720 | |||
Shilpa Medicare, Ltd. | 4,095 | 22,766 | |||
Shipping Corp. of India, Ltd. (b) | 256,548 | 147,580 | |||
Shriram City Union Finance, Ltd. | 9,815 | 223,860 | |||
Sintex Industries, Ltd. | 447,403 | 69,743 | |||
Sintex Plastics Technology, Ltd. (b) | 181,492 | 72,732 | |||
SKF India, Ltd. | 25,073 | 582,569 | |||
Sobha, Ltd. | 15,012 | 82,515 | |||
Solar Industries India, Ltd. | 11,180 | 163,497 | |||
South Indian Bank, Ltd. | 775,232 | 140,630 | |||
SpiceJet, Ltd. (b) | 148,486 | 139,596 | |||
Srei Infrastructure Finance, Ltd. | 235,542 | 105,115 | |||
SRF, Ltd. | 6,907 | 163,037 | |||
Strides Pharma Science, Ltd. | 64,437 | 386,586 | |||
Sun Pharma Advanced Research Co., Ltd. (b) | 118,316 | 559,018 | |||
Sundram Fasteners, Ltd. | 21,415 | 171,580 | |||
Suzlon Energy, Ltd. (b) | 2,320,755 | 174,481 | |||
Symphony, Ltd. | 36,965 | 499,963 | |||
Syndicate Bank (b) | 97,940 | 41,749 | |||
Syngene International, Ltd. (a) | 24,782 | 205,377 | |||
Tata Elxsi, Ltd. | 17,836 | 284,431 | |||
TeamLease Services, Ltd. (b) | 5,898 | 200,564 | |||
Tejas Networks, Ltd. (a)(b) | 38,762 | 138,760 | |||
Thermax, Ltd. | 59,458 | 776,506 | |||
Thomas Cook India, Ltd. | 53,069 | 163,951 | |||
TI Financial Holdings, Ltd. | 23,932 | 182,205 | |||
Time Technoplast, Ltd. | 100,649 | 177,167 | |||
Timken India, Ltd. | 17,248 | 142,916 | |||
Torrent Power, Ltd. | 222,959 | 677,889 | |||
Trident, Ltd. | 181,495 | 142,963 | |||
TTK Prestige, Ltd. | 219 | 19,263 | |||
TV18 Broadcast, Ltd. (b) | 92,501 | 44,789 | |||
Union Bank of India (b) | 345,667 | 313,528 | |||
VA Tech Wabag, Ltd. | 33,556 | 136,187 | |||
Vakrangee, Ltd. | 380,593 | 148,846 | |||
Vardhman Textiles, Ltd. | 13,609 | 190,674 | |||
Venky's India, Ltd. | 548 | 16,519 | |||
V-Guard Industries, Ltd. | 62,518 | 152,004 | |||
Vijaya Bank | 207,775 | 128,982 | |||
Vinati Organics, Ltd. | 8,991 | 148,806 | |||
VIP Industries, Ltd. | 22,820 | 130,202 | |||
V-Mart Retail, Ltd. | 3,929 | 135,900 | |||
WABCO India, Ltd. | 6,158 | 585,320 | |||
Welspun Corp., Ltd. | 215,327 | 369,077 | |||
Welspun India, Ltd. | 305,701 | 246,914 | |||
Wockhardt, Ltd. (b) | 1,983 | 14,821 | |||
48,324,675 | |||||
INDONESIA — 3.1% | |||||
Ace Hardware Indonesia Tbk PT | 4,773,200 | 461,256 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Adhi Karya Persero Tbk PT | 3,760,391 | $ 350,766 | |||
AKR Corporindo Tbk PT | 1,906,300 | 469,491 | |||
Alam Sutera Realty Tbk PT (b) | 18,230,000 | 349,883 | |||
Aneka Tambang Tbk | 5,337,400 | 302,661 | |||
Astra Agro Lestari Tbk PT | 262,300 | 218,268 | |||
Bank CIMB Niaga Tbk PT | 3,021,700 | 188,584 | |||
Bank Pan Indonesia Tbk PT (b) | 3,686,100 | 242,417 | |||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 4,330,700 | 589,962 | |||
Bank Pembangunan Daerah Jawa Timur Tbk PT | 5,599,800 | 244,262 | |||
Bank Tabungan Pensiunan Nasional Syariah Tbk PT | 1,669,100 | 186,495 | |||
Bumi Serpong Damai Tbk PT (b) | 6,936,700 | 537,656 | |||
Bumitama Agri, Ltd. | 540,500 | 265,038 | |||
Ciputra Development Tbk PT | 11,586,699 | 680,358 | |||
Delta Dunia Makmur Tbk PT (b) | 5,674,800 | 285,616 | |||
Erajaya Swasembada Tbk PT | 1,057,400 | 170,302 | |||
Global Mediacom Tbk PT | 3,720,600 | 100,871 | |||
Indika Energy Tbk PT | 981,500 | 184,424 | |||
Japfa Comfeed Indonesia Tbk PT | 5,637,800 | 775,592 | |||
Kresna Graha Investama Tbk PT (b) | 7,641,600 | 358,965 | |||
Link Net Tbk PT | 1,760,000 | 496,057 | |||
Lippo Karawaci Tbk PT | 11,775,900 | 271,846 | |||
Matahari Department Store Tbk PT | 1,781,400 | 827,849 | |||
Medco Energi Internasional Tbk PT (b) | 9,257,466 | 621,244 | |||
Media Nusantara Citra Tbk PT | 7,649,500 | 413,237 | |||
Mitra Adiperkasa Tbk PT | 9,826,000 | 544,002 | |||
Mitra Keluarga Karyasehat Tbk PT (b) | 3,734,800 | 437,354 | |||
Nippon Indosari Corpindo Tbk PT | 2,748,400 | 202,882 | |||
Pembangunan Perumahan Persero Tbk PT | 4,310,598 | 441,141 | |||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 6,877,300 | 588,435 | |||
Pool Advista Indonesia Tbk PT (b) | 730,700 | 227,034 | |||
Ramayana Lestari Sentosa Tbk PT | 1,941,800 | 169,402 | |||
Royal Prima Tbk PT (b) | 475,100 | 38,419 | |||
Sawit Sumbermas Sarana Tbk PT | 2,583,800 | 223,676 | |||
Siloam International Hospitals Tbk PT (b) | 358,443 | 70,238 | |||
Sitara Propertindo Tbk PT (b) | 3,861,000 | 230,600 | |||
Summarecon Agung Tbk PT | 8,482,100 | 372,833 | |||
Timah Persero Tbk PT | 1,170,129 | 58,501 | |||
Tower Bersama Infrastructure Tbk PT | 1,357,600 | 512,465 | |||
Tunas Baru Lampung Tbk PT | 977,700 | 68,563 | |||
Waskita Karya Persero Tbk PT | 3,407,900 | 388,782 | |||
Wijaya Karya Persero Tbk PT | 5,313,536 | 486,728 | |||
14,654,155 | |||||
LUXEMBOURG — 0.0% (g) | |||||
Biotoscana Investments SA (b) | 73,200 | 166,799 | |||
MALAYSIA — 4.9% | |||||
Aeon Co. M Bhd | 881,300 | 362,018 | |||
Alliance Bank Malaysia Bhd | 627,300 | 633,590 |
Security Description | Shares | Value | |||
Berjaya Corp. Bhd (b) | 1,821,767 | $ 127,658 | |||
Berjaya Sports Toto Bhd | 1,125,758 | 644,689 | |||
Bermaz Auto Bhd (b) | 836,460 | 426,466 | |||
Bumi Armada Bhd (b) | 3,006,000 | 384,966 | |||
Bursa Malaysia Bhd | 714,409 | 1,349,928 | |||
Cahya Mata Sarawak Bhd | 566,400 | 399,635 | |||
Carlsberg Brewery Malaysia Bhd Class B | 112,700 | 544,642 | |||
Datasonic Group Bhd | 1,130,400 | 196,663 | |||
DRB-Hicom Bhd | 989,400 | 518,786 | |||
Eastern & Oriental Bhd | 1,273,829 | 406,296 | |||
Eco World Development Group Bhd (b) | 584,900 | 169,598 | |||
Econpile Holdings Bhd | 864,800 | 167,172 | |||
Ekovest Bhd | 1,110,800 | 165,070 | |||
FGV Holdings Bhd | 1,724,300 | 645,805 | |||
Gas Malaysia Bhd | 547,000 | 381,981 | |||
George Kent Malaysia Bhd | 509,100 | 161,150 | |||
Globetronics Technology Bhd | 302,300 | 182,614 | |||
Heineken Malaysia Bhd | 129,300 | 628,613 | |||
Hengyuan Refining Co. Bhd | 64,300 | 98,815 | |||
Hibiscus Petroleum Bhd (b) | 244,100 | 74,318 | |||
IGB Real Estate Investment Trust | 1,066,000 | 435,312 | |||
IJM Corp. Bhd | 1,603,800 | 697,557 | |||
Inari Amertron Bhd | 1,738,579 | 957,825 | |||
Karex Bhd | 688,000 | 128,839 | |||
Kossan Rubber Industries | 177,500 | 183,998 | |||
KPJ Healthcare Bhd | 3,591,572 | 937,271 | |||
Lafarge Malaysia Bhd (b) | 245,100 | 162,275 | |||
Magnum Bhd | 1,299,300 | 602,792 | |||
Mah Sing Group Bhd | 693,700 | 170,974 | |||
Malaysia Building Society Bhd | 1,708,748 | 417,020 | |||
Malaysian Pacific Industries Bhd | 70,200 | 205,927 | |||
Malaysian Resources Corp. Bhd | 2,641,000 | 459,471 | |||
My EG Services Bhd | 2,288,950 | 967,902 | |||
Padini Holdings Bhd | 538,000 | 764,393 | |||
Pavilion Real Estate Investment Trust | 1,049,400 | 405,712 | |||
Petron Malaysia Refining & Marketing Bhd | 10,800 | 21,530 | |||
Pos Malaysia Bhd | 659,500 | 573,686 | |||
PureCircle, Ltd. (b)(c) | 56,987 | 280,906 | |||
Sapura Energy Bhd (b) | 2,824,300 | 279,803 | |||
Scientex Bhd | 91,600 | 196,547 | |||
Serba Dinamik Holdings Bhd | 192,900 | 177,588 | |||
SKP Resources Bhd | 216,900 | 72,850 | |||
Sunway Real Estate Investment Trust | 2,175,900 | 888,552 | |||
Supermax Corp. Bhd | 229,500 | 179,674 | |||
TIME dotCom Bhd | 237,100 | 474,945 | |||
UEM Sunrise Bhd | 1,081,200 | 216,841 | |||
UMW Holdings Bhd | 353,200 | 428,432 | |||
Unisem M Bhd | 426,000 | 319,101 | |||
UOA Development Bhd | 1,594,700 | 886,266 | |||
Velesto Energy Bhd (b) | 2,007,715 | 135,837 | |||
ViTrox Corp. Bhd | 93,400 | 180,548 | |||
VS Industry Bhd | 1,688,100 | 705,669 | |||
WCT Holdings Bhd | 1,333,589 | 286,793 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Yinson Holdings Bhd | 680,900 | $ 756,830 | |||
23,230,139 | |||||
MEXICO — 2.5% | |||||
Asesor de Activos Prisma SAPI de CV REIT (b) | 810,655 | 471,673 | |||
Axtel SAB de CV (b)(c) | 1,661,708 | 331,466 | |||
Bolsa Mexicana de Valores SAB de CV | 579,269 | 1,185,226 | |||
Concentradora Fibra Hotelera Mexicana SA de CV REIT (a) | 470,032 | 309,932 | |||
Concentradora Hipotecaria SAPI de CV REIT | 579,537 | 510,137 | |||
Consorcio ARA SAB de CV (c) | 1,818,010 | 657,232 | |||
Controladora Vuela Cia de Aviacion SAB de CV Class A (b)(c) | 772,265 | 580,667 | |||
Corp. Inmobiliaria Vesta SAB de CV | 408,611 | 630,422 | |||
Credito Real SAB de CV SOFOM ER (c) | 267,530 | 367,403 | |||
Genomma Lab Internacional SAB de CV Class B (b)(c) | 626,502 | 549,133 | |||
Gentera SAB de CV | 473,900 | 481,269 | |||
Grupo Aeromexico SAB de CV (b)(c) | 168,108 | 230,955 | |||
Grupo GICSA SA de CV (b) | 421,456 | 201,721 | |||
Hoteles City Express SAB de CV (b) | 339,775 | 420,102 | |||
Industrias CH SAB de CV Class B (b) | 68,600 | 282,629 | |||
Macquarie Mexico Real Estate Management SA de CV REIT (b) | 666,630 | 797,849 | |||
Megacable Holdings SAB de CV | 240,612 | 1,238,880 | |||
PLA Administradora Industrial S de RL de CV (b) | 753,716 | 1,157,222 | |||
Prologis Property Mexico SA de CV REIT | 377,183 | 762,465 | |||
Qualitas Controladora SAB de CV | 179,311 | 478,310 | |||
TV Azteca SAB de CV Series CPO (c) | 600,000 | 73,158 | |||
11,717,851 | |||||
MONACO — 0.3% | |||||
Costamare, Inc. | 44,095 | 286,177 | |||
GasLog, Ltd. | 53,212 | 1,050,937 | |||
1,337,114 | |||||
PAKISTAN — 1.6% | |||||
Attock Refinery, Ltd. | 2,675 | 3,261 | |||
Bank Alfalah, Ltd. | 194,150 | 77,610 | |||
Bank of Punjab (b) | 1,227,000 | 116,890 | |||
Cherat Cement Co., Ltd. | 106,000 | 68,757 | |||
DG Khan Cement Co., Ltd. | 693,100 | 571,593 | |||
Engro Corp., Ltd. | 249,000 | 624,866 | |||
Engro Fertilizers, Ltd. | 513,500 | 312,161 | |||
Fauji Cement Co., Ltd. | 307,500 | 55,369 | |||
Fauji Fertilizer Bin Qasim, Ltd. | 73,000 | 21,874 | |||
Fauji Fertilizer Co., Ltd. | 293,500 | 230,773 |
Security Description | Shares | Value | |||
Habib Bank, Ltd. | 363,200 | $ 442,725 | |||
Hascol Petroleum, Ltd. | 60,000 | 131,611 | |||
Hub Power Co. Ltd | 431,000 | 303,588 | |||
International Industries, Ltd. | 98,900 | 171,390 | |||
International Steels, Ltd. | 221,900 | 162,556 | |||
K-Electric, Ltd. (b) | 500,000 | 21,541 | |||
Kot Addu Power Co., Ltd. | 173,500 | 79,052 | |||
Lucky Cement, Ltd. | 158,700 | 655,529 | |||
Maple Leaf Cement Factory, Ltd. | 593,900 | 225,259 | |||
Mari Petroleum Co., Ltd. | 3,680 | 46,180 | |||
MCB Bank, Ltd. | 219,100 | 355,010 | |||
Millat Tractors, Ltd. | 12,340 | 100,778 | |||
National Bank of Pakistan (b) | 163,000 | 68,177 | |||
National Refinery, Ltd. | 16,200 | 45,659 | |||
Pak Elektron, Ltd. | 171,500 | 42,454 | |||
Pakistan Oilfields, Ltd. | 79,080 | 349,727 | |||
Pakistan State Oil Co., Ltd. | 405,798 | 1,041,912 | |||
Searle Co. Ltd | 17,300 | 44,013 | |||
SUI Northern Gas Pipeline | 811,400 | 582,316 | |||
SUI Southern Gas Co., Ltd. (b) | 159,000 | 35,467 | |||
Thal, Ltd. | 7,250 | 25,514 | |||
TRG Pakistan (b) | 250,000 | 55,746 | |||
United Bank, Ltd. | 266,600 | 330,620 | |||
7,399,978 | |||||
PERU — 0.2% | |||||
Ferreycorp SAA | 1,579,144 | 1,125,002 | |||
PHILIPPINES — 1.0% | |||||
Belle Corp. | 207,400 | 9,290 | |||
Cebu Air, Inc. | 433,848 | 562,083 | |||
CEMEX Holdings Philippines, Inc. (a)(b) | 1,662,105 | 73,215 | |||
Cirtek Holdings Philippines Corp. | 254,200 | 157,611 | |||
Cosco Capital, Inc. | 5,747,700 | 617,003 | |||
D&L Industries, Inc. | 5,130,700 | 935,358 | |||
DoubleDragon Properties Corp. (b) | 455,100 | 164,250 | |||
First Gen Corp. | 1,518,100 | 470,912 | |||
First Philippine Holdings Corp. | 360,780 | 430,692 | |||
Integrated Micro-Electronics, Inc. | 746,300 | 169,067 | |||
MacroAsia Corp. | 186,810 | 55,320 | |||
Manila Water Co., Inc. | 1,056,700 | 479,163 | |||
Megawide Construction Corp. | 561,700 | 161,139 | |||
Melco Resorts And Entertainment Philippines Corp. (b) | 651,700 | 85,036 | |||
Nickel Asia Corp. | 3,807,600 | 308,667 | |||
PXP Energy Corp. (b) | 538,900 | 154,598 | |||
Rizal Commercial Banking Corp. | 133,843 | 62,673 | |||
SM Prime Holdings, Inc. | 1 | 1 | |||
Travellers International Hotel Group, Inc. (b) | 333,000 | 32,049 | |||
4,928,127 | |||||
POLAND — 1.6% | |||||
11 bit studios SA (b) | 1,653 | 152,470 | |||
Asseco Poland SA | 90,265 | 1,167,095 | |||
Boryszew SA (b) | 88,098 | 120,695 | |||
Budimex SA | 7,566 | 212,647 | |||
Ciech SA | 50,537 | 649,861 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Enea SA (b) | 133,487 | $ 289,709 | |||
Energa SA (b) | 191,263 | 405,761 | |||
EPP NV | 165,744 | 240,688 | |||
Eurocash SA | 87,601 | 429,675 | |||
Getin Noble Bank SA (b) | 336,139 | 51,979 | |||
Grupa Azoty SA | 42,954 | 368,234 | |||
Grupa Kety SA | 8,633 | 900,515 | |||
KRUK SA | 15,244 | 832,070 | |||
LC Corp. SA | 282,340 | 189,958 | |||
Lubelski Wegiel Bogdanka SA (b) | 10,691 | 174,021 | |||
Netia SA (b) | 44,892 | 54,804 | |||
Orange Polska SA (b) | 231,661 | 279,042 | |||
PKP Cargo SA (b) | 17,708 | 230,592 | |||
PLAY Communications SA (a) | 54,028 | 294,904 | |||
PlayWay SA | 3,995 | 154,984 | |||
Tauron Polska Energia SA (b) | 615,546 | 295,574 | |||
7,495,278 | |||||
QATAR — 0.4% | |||||
Aamal Co. | 28,963 | 74,764 | |||
Al Meera Consumer Goods Co. QSC | 12,980 | 538,341 | |||
Gulf International Services QSC (b) | 45,722 | 232,283 | |||
Gulf Warehousing Co. | 17,783 | 193,872 | |||
Medicare Group | 17,908 | 322,113 | |||
Qatar First Bank (b) | 284,361 | 390,445 | |||
United Development Co. QSC | 58,185 | 222,098 | |||
1,973,916 | |||||
RUSSIA — 0.9% | |||||
Aeroflot PJSC (b) | 278,100 | 450,938 | |||
Etalon Group PLC GDR | 115,555 | 269,821 | |||
Globaltrans Investment PLC GDR | 108,677 | 1,141,108 | |||
LSR Group PJSC GDR | 210,541 | 413,503 | |||
M. Video PJSC (b) | 48,590 | 303,432 | |||
QIWI PLC ADR | 40,704 | 536,072 | |||
Ros Agro PLC GDR | 43,510 | 449,023 | |||
Sistema PJSC FC GDR | 147,057 | 386,466 | |||
TMK PJSC GDR | 81,500 | 337,410 | |||
4,287,773 | |||||
SINGAPORE — 0.3% | |||||
Asian Pay Television Trust | 1,502,300 | 357,337 | |||
Aslan Pharmaceuticals, Ltd. | 86,000 | 116,890 | |||
Grindrod Shipping Holdings, Ltd. (b)(c) | 13,232 | 93,411 | |||
SIIC Environment Holdings, Ltd. (c) | 1,142,560 | 238,321 | |||
Silverlake Axis, Ltd. (c) | 926,100 | 298,228 | |||
SingAsia Holdings, Ltd. (b) | 250,000 | 207,031 | |||
1,311,218 | |||||
SOUTH AFRICA — 7.0% | |||||
Adcock Ingram Holdings, Ltd. | 166,724 | 740,590 | |||
Advtech, Ltd. | 469,399 | 492,577 | |||
AECI, Ltd. | 91,779 | 679,234 | |||
African Oxygen, Ltd. | 87,442 | 185,373 | |||
African Rainbow Minerals, Ltd. | 69,050 | 627,446 |
Security Description | Shares | Value | |||
Alexander Forbes Group Holdings, Ltd. | 849,944 | $ 297,304 | |||
ArcelorMittal South Africa, Ltd. (b) | 39,259 | 9,044 | |||
Arrowhead Properties, Ltd. Class A, REIT | 1,203,545 | 461,814 | |||
Ascendis Health, Ltd. (b) | 112,336 | 81,367 | |||
Astral Foods, Ltd. | 20,460 | 356,507 | |||
Attacq, Ltd. (b) | 495,879 | 543,141 | |||
Barloworld, Ltd. | 124,286 | 1,081,764 | |||
Blue Label Telecoms, Ltd. | 433,427 | 160,492 | |||
Brait SE (b) | 194,959 | 520,488 | |||
Cashbuild, Ltd. (c) | 12,693 | 263,704 | |||
City Lodge Hotels, Ltd. | 21,301 | 210,282 | |||
Coronation Fund Managers, Ltd. | 204,096 | 777,227 | |||
Curro Holdings, Ltd. (b)(c) | 193,951 | 404,314 | |||
DataTec, Ltd. | 302,292 | 494,519 | |||
Delta Property Fund, Ltd. REIT | 276,488 | 115,275 | |||
Dis-Chem Pharmacies, Ltd. (a)(c) | 361,800 | 814,042 | |||
Distell Group Holdings, Ltd. | 53,840 | 405,153 | |||
Emira Property Fund, Ltd. REIT | 653,033 | 688,508 | |||
EOH Holdings, Ltd. | 52,409 | 139,659 | |||
Equites Property Fund, Ltd. REIT | 195,985 | 276,986 | |||
Famous Brands, Ltd. (b)(c) | 70,823 | 494,916 | |||
Grindrod, Ltd. (b) | 514,385 | 283,523 | |||
Harmony Gold Mining Co., Ltd. | 287,797 | 474,874 | |||
Hosken Consolidated Investments, Ltd. | 98,413 | 890,159 | |||
Hudaco Industries, Ltd. | 18,565 | 189,753 | |||
Hyprop Investments, Ltd. REIT | 113,886 | 742,809 | |||
Impala Platinum Holdings, Ltd. (b) | 383,422 | 745,101 | |||
Invicta Holdings, Ltd. | 33,823 | 84,203 | |||
JSE, Ltd. | 108,193 | 1,217,083 | |||
KAP Industrial Holdings, Ltd. | 1,341,934 | 732,072 | |||
Lewis Group, Ltd. | 56,489 | 128,177 | |||
Libstar Holdings, Ltd. (b) | 358,272 | 192,412 | |||
Long4Life, Ltd. | 557,657 | 185,212 | |||
Massmart Holdings, Ltd. | 54,885 | 400,800 | |||
Metair Investments, Ltd. | 159,306 | 168,298 | |||
MMI Holdings, Ltd. (b) | 297,540 | 365,006 | |||
Montauk Holdings, Ltd. | 1 | 6 | |||
Mpact, Ltd. | 235,544 | 395,479 | |||
Murray & Roberts Holdings, Ltd. | 160,778 | 188,486 | |||
Nampak, Ltd. (b) | 535,451 | 580,431 | |||
Net 1 UEPS Technologies, Inc. (b) | 64,829 | 518,632 | |||
Northam Platinum, Ltd. (b) | 346,517 | 982,895 | |||
Omnia Holdings, Ltd. | 59,399 | 530,892 | |||
Pioneer Foods Group, Ltd. | 74,322 | 483,182 | |||
PPC, Ltd. (b) | 1,016,374 | 463,253 | |||
Raubex Group, Ltd. | 132,893 | 208,008 | |||
Rebosis Property Fund, Ltd. REIT | 465,110 | 213,636 | |||
Resilient REIT, Ltd. | 229,563 | 942,991 | |||
Reunert, Ltd. | 246,557 | 1,324,147 | |||
Rhodes Food Group Pty, Ltd. | 104,066 | 119,132 | |||
Royal Bafokeng Platinum, Ltd. (b) | 94,914 | 171,769 | |||
SA Corporate Real Estate, Ltd. REIT | 2,804,775 | 818,565 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Sibanye Gold, Ltd. (b) | 1,156,962 | $ 700,656 | |||
Stadio Holdings, Ltd. (c) | 186,175 | 55,255 | |||
Steinhoff International Holdings NV (b) | 3,165,555 | 514,497 | |||
Sun International, Ltd. (b)(c) | 114,374 | 489,300 | |||
Super Group, Ltd. (b) | 411,165 | 1,162,492 | |||
Telkom SA SOC, Ltd. | 112,292 | 409,929 | |||
Tongaat Hulett, Ltd. | 99,064 | 518,027 | |||
Transaction Capital, Ltd. | 173,571 | 216,975 | |||
Trencor, Ltd. | 104,722 | 211,053 | |||
Tsogo Sun Holdings, Ltd. | 216,715 | 312,410 | |||
Vukile Property Fund, Ltd. REIT | 684,920 | 976,227 | |||
Wilson Bayly Holmes-Ovcon, Ltd. | 87,814 | 953,023 | |||
Zeder Investments, Ltd. | 582,040 | 187,964 | |||
32,770,520 | |||||
TAIWAN — 29.7% | |||||
AcBel Polytech, Inc. | 901,000 | 601,985 | |||
Accton Technology Corp. | 456,341 | 1,270,395 | |||
A-DATA Technology Co., Ltd. | 241,652 | 388,600 | |||
Adlink Technology, Inc. | 167,625 | 265,440 | |||
Advanced Ceramic X Corp. | 57,642 | 390,787 | |||
Advanced Wireless Semiconductor Co. | 34,000 | 53,840 | |||
AGV Products Corp. (b) | 1,828,414 | 453,915 | |||
Airtac International Group | 95,000 | 930,305 | |||
Alchip Technologies, Ltd. | 52,000 | 150,892 | |||
Alpha Networks, Inc. | 446,513 | 236,908 | |||
Altek Corp. | 209,516 | 186,988 | |||
AmTRAN Technology Co., Ltd. (b) | 904,717 | 398,534 | |||
Arcadyan Technology Corp. | 208,172 | 370,214 | |||
Ardentec Corp. | 104,000 | 124,324 | |||
Asia Optical Co., Inc. | 208,540 | 493,808 | |||
Asia Polymer Corp. | 939,489 | 507,699 | |||
ASMedia Technology, Inc. | 17,000 | 298,988 | |||
ASPEED Technology, Inc. | 17,000 | 339,633 | |||
Aten International Co., Ltd. | 213,000 | 570,642 | |||
Basso Industry Corp. | 110,800 | 195,233 | |||
BES Engineering Corp. | 2,571,356 | 707,411 | |||
Bizlink Holding, Inc. (c) | 92,764 | 440,533 | |||
Brighton-Best International Taiwan, Inc. | 172,000 | 209,557 | |||
Capital Securities Corp. | 2,201,771 | 742,745 | |||
Career Technology MFG. Co., Ltd. (c) | 387,060 | 495,662 | |||
Casetek Holdings, Ltd. | 135,820 | 230,867 | |||
Cathay Real Estate Development Co., Ltd. | 847,332 | 510,625 | |||
Center Laboratories, Inc. (b) | 303,507 | 715,701 | |||
Century Iron & Steel Industrial Co., Ltd. | 78,000 | 232,214 | |||
Chang Wah Electromaterials, Inc. | 76,419 | 345,391 | |||
Charoen Pokphand Enterprise | 339,675 | 572,930 | |||
Cheng Loong Corp. | 1,221,128 | 983,845 | |||
Cheng Uei Precision Industry Co., Ltd. | 388,915 | 329,902 | |||
Chicony Electronics Co., Ltd. | 471,656 | 954,650 | |||
Chilisin Electronics Corp. | 182,000 | 557,927 |
Security Description | Shares | Value | |||
China Bills Finance Corp. | 960,394 | $ 440,360 | |||
China Chemical & Pharmaceutical Co., Ltd. | 652,000 | 476,193 | |||
China Man-Made Fiber Corp. | 2,085,162 | 771,700 | |||
China Motor Corp. | 781,000 | 656,098 | |||
China Petrochemical Development Corp. (b) | 2,128,575 | 972,509 | |||
China Steel Chemical Corp. | 173,000 | 824,403 | |||
China Synthetic Rubber Corp. | 601,010 | 775,548 | |||
Chin-Poon Industrial Co., Ltd. | 304,000 | 374,860 | |||
Chipbond Technology Corp. | 685,000 | 1,323,650 | |||
ChipMOS Techinologies, Inc. (b) | 314,000 | 243,216 | |||
Chong Hong Construction Co., Ltd. | 263,275 | 669,979 | |||
Chunghwa Precision Test Tech Co., Ltd. | 11,000 | 166,263 | |||
Clevo Co. (b) | 522,265 | 496,043 | |||
CMC Magnetics Corp. (b) | 1,211,788 | 270,671 | |||
Compeq Manufacturing Co., Ltd. | 999,000 | 788,521 | |||
Concraft Holding Co., Ltd. | 29,000 | 218,452 | |||
Coretronic Corp. | 451,652 | 795,823 | |||
CSBC Corp. Taiwan (b) | 168,414 | 219,529 | |||
CTCI Corp. (c) | 664,000 | 1,067,776 | |||
Cub Elecparts, Inc. | 68,900 | 513,371 | |||
CyberTAN Technology, Inc. | 508,210 | 255,495 | |||
Darfon Electronics Corp. | 130,000 | 190,319 | |||
Darwin Precisions Corp. | 376,576 | 266,402 | |||
D-Link Corp. (b) | 973,054 | 371,273 | |||
Dynapack International Technology Corp. | 169,000 | 240,496 | |||
E Ink Holdings, Inc. | 704,000 | 721,685 | |||
Egis Technology, Inc. | 49,000 | 177,333 | |||
Elan Microelectronics Corp. | 522,899 | 871,698 | |||
Elite Advanced Laser Corp. | 88,600 | 196,450 | |||
Elite Material Co., Ltd. | 279,782 | 788,041 | |||
Elite Semiconductor Memory Technology, Inc. (c) | 298,674 | 324,274 | |||
eMemory Technology, Inc. | 73,000 | 693,348 | |||
Ennoconn Corp. | 38,000 | 347,853 | |||
Epistar Corp. | 919,572 | 1,045,071 | |||
Eternal Materials Co., Ltd. | 1,102,805 | 957,139 | |||
Evergreen Marine Corp. Taiwan, Ltd. | 989,000 | 414,607 | |||
Everlight Chemical Industrial Corp. | 541,304 | 315,567 | |||
Everlight Electronics Co., Ltd. | 626,503 | 640,189 | |||
Excelsior Medical Co., Ltd. (c) | 164,403 | 253,607 | |||
Far Eastern Department Stores, Ltd. | 851,490 | 476,877 | |||
Far Eastern International Bank | 3,419,314 | 1,209,465 | |||
Faraday Technology Corp. (c) | 273,385 | 487,980 | |||
Farglory Land Development Co., Ltd. | 222,464 | 233,881 | |||
Feng Hsin Steel Co., Ltd. | 461,270 | 915,500 | |||
Firich Enterprises Co., Ltd. (b) | 198,575 | 272,176 | |||
FLEXium Interconnect, Inc. | 272,099 | 771,748 | |||
Formosa Taffeta Co., Ltd. | 951,000 | 1,160,212 | |||
Formosan Rubber Group, Inc. | 345,610 | 171,486 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Gamania Digital Entertainment Co., Ltd. (b) | 38,000 | $ 86,372 | |||
Gemtek Technology Corp. | 437,234 | 333,657 | |||
Genius Electronic Optical Co., Ltd. | 62,000 | 643,697 | |||
Giant Manufacturing Co., Ltd. | 206,000 | 883,831 | |||
Gigabyte Technology Co., Ltd. | 471,000 | 743,530 | |||
Gigastorage Corp. (b) | 391,114 | 131,938 | |||
Ginko International Co., Ltd. | 39,000 | 256,100 | |||
Gintech Energy Corp. (b)(e) | 477,275 | 228,141 | |||
Global Unichip Corp. | 86,669 | 769,243 | |||
Gloria Material Technology Corp. | 546,909 | 311,670 | |||
Goldsun Building Materials Co., Ltd. | 1,805,041 | 550,386 | |||
Gourmet Master Co., Ltd. | 89,644 | 769,224 | |||
Grand Pacific Petrochemical | 851,000 | 847,293 | |||
Grape King Bio, Ltd. | 109,000 | 765,745 | |||
Great Wall Enterprise Co., Ltd. | 915,777 | 1,132,237 | |||
Hannstar Board Corp. | 192,000 | 164,438 | |||
HannStar Display Corp. | 2,242,599 | 553,066 | |||
HannsTouch Solution, Inc. (b) | 631,511 | 154,294 | |||
Hey Song Corp. | 165,770 | 167,220 | |||
Highwealth Construction Corp. | 745,730 | 1,182,109 | |||
Himax Technologies, Inc. ADR (c) | 98,317 | 578,104 | |||
HLJ Technology Co., Ltd. (b) | 39,671 | 161,098 | |||
Ho Tung Chemical Corp. (b) | 1,561,351 | 407,558 | |||
Holy Stone Enterprise Co., Ltd. | 102,000 | 457,669 | |||
Hota Industrial Manufacturing Co., Ltd. | 208,680 | 902,164 | |||
Hsin Kuang Steel Co., Ltd. | 144,000 | 212,701 | |||
HTC Corp. (b) | 557,000 | 740,648 | |||
Huaku Development Co., Ltd. | 307,260 | 674,235 | |||
Huang Hsiang Construction Corp. | 294,484 | 258,480 | |||
Ibase Technology, Inc. | 350,817 | 462,463 | |||
Ichia Technologies, Inc. (b) | 358,000 | 190,532 | |||
Iron Force Industrial Co., Ltd. | 81,000 | 201,353 | |||
ITE Technology, Inc. | 475,887 | 526,806 | |||
ITEQ Corp. | 103,000 | 199,031 | |||
Jess-Link Products Co., Ltd. | 193,230 | 153,468 | |||
Jih Sun Financial Holdings Co., Ltd. | 1,876,995 | 603,063 | |||
KEE TAI Properties Co., Ltd. | 972,076 | 458,451 | |||
Kenda Rubber Industrial Co., Ltd. | 692,247 | 691,499 | |||
Kerry TJ Logistics Co., Ltd. | 227,000 | 295,896 | |||
King Slide Works Co., Ltd. | 60,000 | 788,000 | |||
King Yuan Electronics Co., Ltd. | 1,172,656 | 783,486 | |||
King's Town Bank Co., Ltd. | 1,129,000 | 1,135,175 | |||
Kinpo Electronics | 1,832,371 | 645,138 | |||
Kinsus Interconnect Technology Corp. | 314,030 | 534,817 | |||
Kuoyang Construction Co., Ltd. | 992,138 | 399,676 | |||
LCY Chemical Corp. | 712,862 | 1,211,723 | |||
Lien Hwa Industrial Corp. | 831,600 | 961,434 | |||
Lingsen Precision Industries, Ltd. | 784,694 | 259,569 | |||
Lite-On Semiconductor Corp. | 26,000 | 25,418 | |||
Long Chen Paper Co., Ltd. (c) | 605,000 | 419,079 | |||
Longwell Co. (c) | 224,000 | 238,797 | |||
Lotes Co., Ltd. | 73,000 | 455,458 |
Security Description | Shares | Value | |||
Lumax International Corp., Ltd. | 181,322 | $ 416,887 | |||
Lung Yen Life Service Corp. | 190,000 | 403,858 | |||
Machvision, Inc. | 23,000 | 278,715 | |||
Makalot Industrial Co., Ltd. | 160,070 | 794,242 | |||
Masterlink Securities Corp. (e) | 1,520,329 | 588,481 | |||
Medigen Biotechnology Corp. (b) | 193,000 | 311,627 | |||
Mercuries & Associates Holding, Ltd. | 609,096 | 475,778 | |||
Merida Industry Co., Ltd. | 204,000 | 955,425 | |||
Merry Electronics Co., Ltd. (c) | 161,000 | 730,308 | |||
Microbio Co., Ltd. (b) | 511,723 | 298,322 | |||
MIN AIK Technology Co., Ltd. | 200,800 | 109,170 | |||
Mirle Automation Corp. | 297,331 | 409,484 | |||
Mitac Holdings Corp. | 840,939 | 782,192 | |||
Motech Industries, Inc. (b) | 438,728 | 145,845 | |||
Nan Kang Rubber Tire Co., Ltd. | 811,204 | 685,457 | |||
Nantex Industry Co., Ltd. | 703,504 | 676,247 | |||
Neo Solar Power Corp. (b)(c) | 982,758 | 337,961 | |||
Nichidenbo Corp. | 80,000 | 158,517 | |||
OBI Pharma, Inc. (b) | 119,000 | 567,075 | |||
On-Bright Electronics, Inc. | 34,000 | 204,893 | |||
OptoTech Corp. | 298,000 | 222,526 | |||
Orient Semiconductor Electronics, Ltd. (b) | 522,000 | 191,478 | |||
Oriental Union Chemical Corp. | 701,500 | 782,304 | |||
Pan Jit International, Inc. (b) | 232,000 | 245,806 | |||
Pan-International Industrial Corp. | 491,539 | 350,950 | |||
Panion & BF Biotech, Inc. | 51,000 | 149,828 | |||
Parade Technologies, Ltd. | 63,000 | 959,454 | |||
PChome Online, Inc. (b) | 85,670 | 388,606 | |||
PharmaEngine, Inc. | 104,197 | 440,226 | |||
PharmaEssentia Corp. (b) | 87,000 | 510,038 | |||
Phison Electronics Corp. | 82,000 | 652,605 | |||
Phytohealth Corp. (b) | 452,511 | 326,790 | |||
Pixart Imaging, Inc. | 106,060 | 392,519 | |||
Polaris Group/Tw (b) | 51,251 | 71,070 | |||
Poya International Co., Ltd. | 46,300 | 421,557 | |||
President Securities Corp. | 1,336,943 | 630,530 | |||
Primax Electronics, Ltd. | 405,000 | 647,963 | |||
Prince Housing & Development Corp. | 1,786,996 | 637,941 | |||
Promate Electronic Co., Ltd. | 375,000 | 350,645 | |||
Prosperity Dielectrics Co., Ltd. | 64,000 | 160,351 | |||
Qisda Corp. | 1,434,641 | 937,382 | |||
Radiant Opto-Electronics Corp. | 486,331 | 1,099,035 | |||
Radium Life Tech Co., Ltd. (b) | 938,810 | 551,916 | |||
Rexon Industrial Corp., Ltd. | 112,000 | 211,286 | |||
Ritek Corp. (b) | 1,235,644 | 554,427 | |||
Ruentex Development Co., Ltd. (b) | 788,000 | 922,641 | |||
Ruentex Industries, Ltd. (b) | 520,000 | 1,033,767 | |||
Sampo Corp. | 845,527 | 373,845 | |||
Sanyang Motor Co., Ltd. | 812,945 | 545,815 | |||
ScinoPharm Taiwan, Ltd. | 499,500 | 496,506 | |||
SDI Corp. | 54,000 | 140,956 | |||
Senao International Co., Ltd. | 164,911 | 219,284 | |||
Sercomm Corp. | 235,000 | 384,830 | |||
Shin Zu Shing Co., Ltd. | 70,000 | 193,725 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Shinkong Insurance Co., Ltd. | 397,841 | $ 527,058 | |||
Shinkong Synthetic Fibers Corp. | 2,316,796 | 952,274 | |||
ShunSin Technology Holding, Ltd. | 5,000 | 15,901 | |||
Shuttle, Inc. (b) | 73,000 | 35,265 | |||
Sigurd Microelectronics Corp. | 744,694 | 824,375 | |||
Silicon Integrated Systems Corp. (b) | 918,299 | 302,260 | |||
Simplo Technology Co., Ltd. | 163,277 | 1,120,313 | |||
Sinbon Electronics Co., Ltd. | 334,444 | 933,240 | |||
Sinmag Equipment Corp. | 75,271 | 341,435 | |||
Sino-American Silicon Products, Inc. (b)(c) | 437,058 | 1,122,240 | |||
Sinon Corp. | 844,662 | 475,819 | |||
Sinphar Pharmaceutical Co., Ltd. | 415,879 | 280,585 | |||
Sinyi Realty, Inc. | 659,828 | 730,429 | |||
Sitronix Technology Corp. | 69,000 | 189,375 | |||
Soft-World International Corp. | 101,848 | 242,503 | |||
Solartech Energy Corp. (b)(e) | 426,207 | 171,485 | |||
St Shine Optical Co., Ltd. | 37,000 | 813,120 | |||
Standard Foods Corp. | 188,000 | 312,789 | |||
Sunny Friend Environmental Technology Co., Ltd. | 12,000 | 87,643 | |||
Sunonwealth Electric Machine Industry Co., Ltd. | 20,000 | 28,592 | |||
Superalloy Industrial Co., Ltd. | 118,739 | 242,044 | |||
Swancor Holding Co., Ltd. (b) | 26,000 | 66,164 | |||
Systex Corp. | 293,000 | 614,155 | |||
TA Chen Stainless Pipe | 537,960 | 942,615 | |||
TA-I Technology Co., Ltd. | 60,000 | 131,268 | |||
Taichung Commercial Bank Co., Ltd. | 2,727,940 | 960,448 | |||
Taiflex Scientific Co., Ltd. | 313,699 | 340,073 | |||
TaiMed Biologics, Inc. (b) | 110,000 | 679,101 | |||
Taimide Tech, Inc. | 31,000 | 58,379 | |||
Tainan Enterprises Co., Ltd. | 195,000 | 127,731 | |||
Tainan Spinning Co., Ltd. | 1,624,105 | 707,451 | |||
Taisun Enterprise Co., Ltd. | 740,549 | 452,338 | |||
Taiwan Business Bank | 171,305 | 62,276 | |||
Taiwan Cogeneration Corp. | 709,469 | 622,728 | |||
Taiwan Fertilizer Co., Ltd. | 658,000 | 1,002,096 | |||
Taiwan Glass Industry Corp. | 944,000 | 502,407 | |||
Taiwan Hon Chuan Enterprise Co., Ltd. | 404,218 | 676,499 | |||
Taiwan Land Development Corp. (b) | 869,781 | 257,804 | |||
Taiwan Paiho, Ltd. (c) | 214,000 | 424,734 | |||
Taiwan Secom Co., Ltd. | 315,961 | 912,710 | |||
Taiwan Semiconductor Co., Ltd. | 137,000 | 268,768 | |||
Taiwan Surface Mounting Technology Corp. | 562,308 | 735,735 | |||
Taiwan Union Technology Corp. | 224,000 | 744,637 | |||
Taiyen Biotech Co., Ltd. | 386,979 | 393,532 | |||
TBI Motion Technology Co., Ltd. | 55,000 | 160,859 | |||
TCI Co., Ltd. | 52,435 | 843,205 | |||
Teco Electric and Machinery Co., Ltd. | 1,773,000 | 1,286,213 | |||
Test Rite International Co., Ltd. | 496,896 | 380,813 | |||
Thye Ming Industrial Co., Ltd. | 288,218 | 330,384 | |||
Ton Yi Industrial Corp. | 725,000 | 338,363 |
Security Description | Shares | Value | |||
Tong Hsing Electronic Industries, Ltd. | 141,327 | $ 446,666 | |||
Tong Yang Industry Co., Ltd. | 412,872 | 570,635 | |||
Topco Scientific Co., Ltd. | 299,299 | 693,035 | |||
TPK Holding Co., Ltd. (c) | 229,000 | 393,004 | |||
Transcend Information, Inc. | 206,484 | 473,386 | |||
Tripod Technology Corp. | 427,353 | 1,165,903 | |||
TSRC Corp. | 691,028 | 767,230 | |||
TTY Biopharm Co., Ltd. | 222,436 | 619,962 | |||
Tung Ho Steel Enterprise Corp. | 677,258 | 525,694 | |||
TXC Corp. | 470,120 | 526,581 | |||
U-Ming Marine Transport Corp. | 437,000 | 502,365 | |||
Unimicron Technology Corp. | 1,221,000 | 801,790 | |||
Unitech Printed Circuit Board Corp. | 165,240 | 89,025 | |||
Unity Opto Technology Co., Ltd. (b) | 701,307 | 237,727 | |||
Unizyx Holding Corp. (b) | 526,694 | 194,062 | |||
UPC Technology Corp. | 971,498 | 486,815 | |||
USI Corp. | 1,542,590 | 707,309 | |||
Visual Photonics Epitaxy Co., Ltd. | 197,371 | 491,925 | |||
Voltronic Power Technology Corp. | 42,000 | 737,301 | |||
Wafer Works Corp. | 491,418 | 700,117 | |||
Wan Hai Lines, Ltd. | 1,064,320 | 582,129 | |||
Waterland Financial Holdings Co., Ltd. | 2,255,289 | 790,345 | |||
Wei Chuan Foods Corp. (b) | 618,899 | 453,031 | |||
Wistron NeWeb Corp. | 274,249 | 665,570 | |||
Wiwynn Corp. | 46,000 | 432,400 | |||
WT Microelectronics Co., Ltd. | 486,090 | 678,994 | |||
WUS Printed Circuit Co., Ltd. (b) | 360,750 | 198,493 | |||
XinTec, Inc. (b) | 80,000 | 116,595 | |||
Xxentria Technology Materials Corp. (b) | 76,000 | 176,478 | |||
Yang Ming Marine Transport Corp. (b)(c) | 627,970 | 179,549 | |||
Yeong Guan Energy Technology Group Co., Ltd. | 92,000 | 161,504 | |||
YFY, Inc. | 1,778,941 | 725,373 | |||
Yieh Phui Enterprise Co., Ltd. | 1,259,771 | 433,223 | |||
Young Optics, Inc. (b) | 57,000 | 167,642 | |||
Yulon Finance Corp | 220,000 | 734,943 | |||
Yungtay Engineering Co., Ltd. | 397,000 | 622,161 | |||
Zenitron Corp. | 421,348 | 311,185 | |||
Zhen Ding Technology Holding, Ltd. | 452,000 | 1,009,609 | |||
Zinwell Corp. | 524,674 | 339,381 | |||
140,011,861 | |||||
THAILAND — 5.1% | |||||
Ananda Development PCL NVDR | 1,085,000 | 169,426 | |||
Bangkok Airways PCL NVDR | 441,700 | 183,017 | |||
Bangkok Land PCL NVDR | 14,742,800 | 816,005 | |||
Bangkok Life Assurance PCL NVDR | 184,200 | 185,111 | |||
Beauty Community PCL (e) | 2,364,000 | 884,490 | |||
BEC World PCL NVDR | 1,045,100 | 224,596 | |||
Carabao Group PCL Class F (e) | 421,862 | 704,408 | |||
Central Plaza Hotel PCL NVDR | 796,902 | 1,028,777 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Chularat Hospital PCL NVDR | 7,520,900 | $ 660,462 | |||
CPN Retail Growth Leasehold REIT (e) | 1,380,500 | 1,173,895 | |||
Do Day Dream PCL NVDR | 100,800 | 148,831 | |||
Dynasty Ceramic PCL NVDR | 3,863,520 | 310,611 | |||
Erawan Group PCL NVDR | 723,100 | 181,110 | |||
Esso Thailand PCL NVDR | 1,418,267 | 684,136 | |||
GFPT PCL (e) | 296,400 | 135,644 | |||
Grand Canal Land PCL NVDR | 1,684,000 | 159,340 | |||
Gunkul Engineering PCL NVDR | 6,295,970 | 611,297 | |||
Ichitan Group PCL NVDR | 438,863 | 63,780 | |||
IMPACT Growth Real Estate Investment Trust | 299,900 | 181,758 | |||
Inter Far East Energy Corp. NVDR (b)(d) | 283,900 | — | |||
International Engineering PCL (b)(d) | 63,855,934 | — | |||
Jasmine International PCL NVDR | 2,808,525 | 481,983 | |||
JMT Network Services PCL NVDR | 445,800 | 157,147 | |||
KCE Electronics PCL NVDR | 773,500 | 1,010,525 | |||
LPN Development PCL NVDR | 881,200 | 283,379 | |||
Major Cineplex Group PCL NVDR | 1,044,000 | 794,137 | |||
MBK PCL NVDR | 251,900 | 200,570 | |||
Mega Lifesciences PCL (e) | 162,000 | 186,596 | |||
MK Restaurants Group PCL NVDR | 439,831 | 986,016 | |||
Origin Property PCL NVDR | 476,300 | 254,793 | |||
Precious Shipping PCL (b)(e) | 599,000 | 251,899 | |||
Pruksa Holding PCL NVDR | 1,314,431 | 861,655 | |||
PTG Energy PCL NVDR | 775,200 | 321,202 | |||
Siamgas & Petrochemicals PCL NVDR | 424,700 | 162,841 | |||
Singha Estate PCL NVDR (b) | 1,631,700 | 182,645 | |||
Sino-Thai Engineering & Construction PCL NVDR (b) | 1,256,400 | 967,358 | |||
Sri Trang Agro-Industry PCL NVDR | 988,380 | 501,219 | |||
Srisawad Corp. PCL NVDR | 749,282 | 1,117,899 | |||
Supalai PCL NVDR | 1,046,300 | 786,181 | |||
Taokaenoi Food & Marketing PCL NVDR | 341,500 | 183,738 | |||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 1,817,200 | 1,129,429 | |||
Thai Airways International PCL NVDR (b) | 868,400 | 405,468 | |||
Thai Vegetable Oil PCL NVDR | 456,800 | 409,623 | |||
Thaicom PCL NVDR | 214,906 | 64,459 | |||
Thonburi Healthcare Group PCL NVDR | 97,800 | 96,016 | |||
Thoresen Thai Agencies PCL (e) | 3,103,706 | 724,582 | |||
Tipco Asphalt PCL NVDR | 938,100 | 469,920 | |||
TPI Polene PCL (e) | 1,014,000 | 57,692 | |||
TPI Polene Power PCL NVDR | 4,362,000 | 896,948 | |||
Vibhavadi Medical Center PCL NVDR | 2,457,300 | 194,517 | |||
WHA Corp. PCL NVDR | 9,673,130 | 1,304,108 |
Security Description | Shares | Value | |||
Workpoint Entertainment PCL NVDR | 159,000 | $ 202,806 | |||
24,154,045 | |||||
TURKEY — 2.1% | |||||
Aksa Akrilik Kimya Sanayii A/S | 98,119 | 163,660 | |||
Albaraka Turk Katilim Bankasi A/S | 495,343 | 124,510 | |||
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 113,975 | 399,946 | |||
Arcelik A/S | 136,839 | 315,486 | |||
Aygaz A/S | 123,209 | 251,246 | |||
Bera Holding A/S (b) | 205,052 | 61,782 | |||
Coca-Cola Icecek A/S | 41,721 | 234,465 | |||
Dogan Sirketler Grubu Holding A/S (b)(c) | 258,956 | 46,555 | |||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S REIT | 1,072,987 | 319,719 | |||
Enerjisa Enerji AS | 229,350 | 201,964 | |||
Is Gayrimenkul Yatirim Ortakligi A/S REIT | 1,209,031 | 183,147 | |||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class D (b) | 1,130,160 | 763,812 | |||
Koza Altin Isletmeleri A/S (b) | 67,857 | 580,037 | |||
Koza Anadolu Metal Madencilik Isletmeleri A/S (b)(c) | 181,053 | 194,998 | |||
Mavi Giyim Sanayi Ve Ticaret AS | 35,009 | 208,983 | |||
Migros Ticaret A/S (b)(c) | 121,590 | 327,489 | |||
MLP Saglik Hizmetleri AS (a)(b) | 118,658 | 239,398 | |||
NET Holding A/S (b)(c) | 282,844 | 98,404 | |||
Pegasus Hava Tasimaciligi A/S (b) | 41,503 | 187,089 | |||
Petkim Petrokimya Holding A/S | 514,526 | 458,228 | |||
Sasa Polyester Sanayi A/S (b) | 91,326 | 154,153 | |||
Soda Sanayii A/S | 211,985 | 244,545 | |||
Sok Marketler Ticaret AS (b) | 174,175 | 257,176 | |||
TAV Havalimanlari Holding A/S | 113,796 | 592,536 | |||
Tekfen Holding A/S | 251,566 | 905,375 | |||
Tofas Turk Otomobil Fabrikasi A/S | 70,074 | 249,394 | |||
Trakya Cam Sanayii A/S | 232,898 | 166,707 | |||
Turk Telekomunikasyon A/S (b) | 351,823 | 213,180 | |||
Turk Traktor ve Ziraat Makineleri A/S | 23,393 | 186,917 | |||
Turkiye Halk Bankasi A/S | 332,798 | 370,619 | |||
Turkiye Sinai Kalkinma Bankasi A/S | 1,011,428 | 144,795 | |||
Turkiye Vakiflar Bankasi TAO Class D | 582,123 | 367,261 | |||
Ulker Biskuvi Sanayi A/S (b) | 105,651 | 297,750 | |||
Yazicilar Holding A/S Class A | 93,145 | 266,536 | |||
Zorlu Enerji Elektrik Uretim A/S (b) | 816,451 | 182,119 | |||
9,959,981 | |||||
UNITED ARAB EMIRATES — 0.5% | |||||
Air Arabia PJSC | 1,782,712 | 465,935 | |||
Al Waha Capital PJSC | 1,078,999 | 549,333 | |||
Amanat Holdings PJSC | 723,048 | 224,412 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Arabtec Holding PJSC | 764,967 | $ 401,951 | |||
DXB Entertainments PJSC (b) | 2,752,875 | 262,318 | |||
Eshraq Properties Co. PJSC (b) | 1,652,316 | 243,368 | |||
RAK Properties PJSC | 2,655,113 | 433,718 | |||
2,581,035 | |||||
UNITED KINGDOM — 0.0% (g) | |||||
Pan African Resources PLC | 1,233,766 | 127,289 | |||
UNITED STATES — 0.3% | |||||
IntelliEPI, Inc. | 6,000 | 11,928 | |||
Luxoft Holding, Inc. (b) | 24,734 | 1,171,155 | |||
1,183,083 | |||||
TOTAL COMMON STOCKS (Cost $560,103,561) | 469,748,929 |
WARRANTS — 0.0% (g) | |||
MALAYSIA — 0.0% (g) | |||
Datasonic Group Bhd (expiring 7/5/23) | 565,200 | 16,389 | |
THAILAND — 0.0% (g) | |||
International Engineering PCL (expiring 5/22/19) (b) (d) | 13,635,806 | — | |
VGI Global Media PCL (expiring 9/10/22) (b) | 776,702 | 14,410 | |
14,410 | |||
TOTAL WARRANTS (Cost $0) | 30,799 | ||
RIGHTS — 0.0% (g) | |||
HONG KONG — 0.0% (g) | |||
Munsun Capital Group, Ltd. (expired 9/18/18) (b) (e) (Cost $138,410) | 680,600 | 2,609 | |
SHORT-TERM INVESTMENT — 2.6% | |||
State Street Navigator Securities Lending Government Money Market Portfolio (h) (i) (Cost $12,167,528) | 12,167,528 | 12,167,528 | |
TOTAL INVESTMENTS — 102.2% (Cost $572,409,499) | 481,949,865 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (2.2)% | (10,600,944) | ||
NET ASSETS — 100.0% | $ 471,348,921 |
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 2.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(b) | Non-income producing security. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $30,112, representing 0.0% of the Fund's net assets. |
(e) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $5,783,681 representing 1.2% of net assets. |
(f) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(g) | Amount is less than 0.05% of net assets. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
CPO | = Certificate of Ordinary Participation |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIC | = Real Estate Investment Company |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 29,352,143 | $ — | $ — | $ 29,352,143 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Chile | $ 7,174,528 | $ — | $ — | $ 7,174,528 | ||||
China | 66,345,572 | 552,139 | 30,112 | 66,927,823 | ||||
Colombia | 725,666 | — | — | 725,666 | ||||
Czech Republic | 2,108,455 | — | — | 2,108,455 | ||||
Egypt | 2,926,694 | — | — | 2,926,694 | ||||
Greece | 7,477,889 | 69,174 | — | 7,547,063 | ||||
Hong Kong | 13,439,096 | 52,446 | 0(a) | 13,491,542 | ||||
Hungary | 755,176 | — | — | 755,176 | ||||
India | 48,324,675 | — | 0(a) | 48,324,675 | ||||
Indonesia | 14,654,155 | — | — | 14,654,155 | ||||
Luxembourg | 166,799 | — | — | 166,799 | ||||
Malaysia | 23,230,139 | — | — | 23,230,139 | ||||
Mexico | 11,717,851 | — | — | 11,717,851 | ||||
Monaco | 1,337,114 | — | — | 1,337,114 | ||||
Pakistan | 7,399,978 | — | — | 7,399,978 | ||||
Peru | 1,125,002 | — | — | 1,125,002 | ||||
Philippines | 4,928,127 | — | — | 4,928,127 | ||||
Poland | 7,495,278 | — | — | 7,495,278 | ||||
Qatar | 1,973,916 | — | — | 1,973,916 | ||||
Russia | 4,287,773 | — | — | 4,287,773 | ||||
Singapore | 1,311,218 | — | — | 1,311,218 | ||||
South Africa | 32,770,520 | — | — | 32,770,520 | ||||
Taiwan | 139,023,754 | 988,107 | — | 140,011,861 | ||||
Thailand | 20,034,839 | 4,119,206 | 0(a) | 24,154,045 | ||||
Turkey | 9,959,981 | — | — | 9,959,981 | ||||
United Arab Emirates | 2,581,035 | — | — | 2,581,035 | ||||
United Kingdom | 127,289 | — | — | 127,289 | ||||
United States | 1,183,083 | — | — | 1,183,083 | ||||
Warrants | ||||||||
Malaysia | 16,389 | — | — | 16,389 | ||||
Thailand | 14,410 | — | 0(a) | 14,410 | ||||
Rights | ||||||||
Hong Kong | — | 2,609 | — | 2,609 | ||||
Short-Term Investment | 12,167,528 | — | — | 12,167,528 | ||||
TOTAL INVESTMENTS | $476,136,072 | $5,783,681 | $30,112 | $481,949,865 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 379,285 | $ 379,285 | $ 38,761,634 | $ 39,140,919 | $— | $— | — | $ — | $ 15,414 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 16,261,252 | 16,261,252 | 75,414,401 | 79,508,125 | — | — | 12,167,528 | 12,167,528 | 744,840 | — | |||||||||
Total | $16,640,537 | $114,176,035 | $118,649,044 | $— | $— | $12,167,528 | $760,254 | $— |
31 | AREWX |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
ARGENTINA — 0.0% (a) | |||||
MercadoLibre, Inc. (b) | 140 | $ 47,666 | |||
AUSTRALIA — 1.9% | |||||
AMP, Ltd. | 27,219 | 62,825 | |||
APA Group | 13,876 | 100,199 | |||
Aristocrat Leisure, Ltd. | 2,784 | 57,289 | |||
ASX, Ltd. | 329 | 15,154 | |||
Australia & New Zealand Banking Group, Ltd. | 11,484 | 234,155 | |||
Bank of Queensland, Ltd. | 8,001 | 63,796 | |||
Bendigo & Adelaide Bank, Ltd. (b) | 4,386 | 34,115 | |||
Brambles, Ltd. | 8,303 | 65,483 | |||
Challenger, Ltd. | 2,926 | 23,712 | |||
Commonwealth Bank of Australia | 7,159 | 369,896 | |||
Computershare, Ltd. | 3,134 | 45,239 | |||
CSL, Ltd. | 1,649 | 239,951 | |||
Dexus REIT | 3,789 | 28,951 | |||
Flight Centre Travel Group, Ltd. (b) | 415 | 15,963 | |||
Fortescue Metals Group, Ltd. | 11,228 | 31,846 | |||
Goodman Group REIT | 8,508 | 63,776 | |||
Healthscope, Ltd. | 13,153 | 19,985 | |||
Insurance Australia Group, Ltd. | 11,111 | 58,848 | |||
LendLease Group | 2,473 | 35,178 | |||
Macquarie Group, Ltd. | 1,625 | 148,194 | |||
Medibank Pvt, Ltd. | 12,264 | 25,822 | |||
Mirvac Group REIT | 23,075 | 40,237 | |||
National Australia Bank, Ltd. (b) | 12,256 | 246,614 | |||
Newcrest Mining, Ltd. | 2,687 | 37,737 | |||
QBE Insurance Group, Ltd. | 7,121 | 57,295 | |||
Scentre Group REIT | 26,737 | 76,802 | |||
SEEK, Ltd. | 2,222 | 33,376 | |||
Sonic Healthcare, Ltd. | 1,756 | 31,650 | |||
Stockland REIT | 17,141 | 51,470 | |||
Suncorp Group, Ltd. | 8,451 | 88,419 | |||
Sydney Airport | 13,664 | 68,119 | |||
Tabcorp Holdings, Ltd. | 17,346 | 61,122 | |||
Telstra Corp., Ltd. | 23,949 | 55,277 | |||
Treasury Wine Estates, Ltd. | 3,782 | 47,861 | |||
Wesfarmers, Ltd. | 3,339 | 120,434 | |||
Westpac Banking Corp. | 13,139 | 265,523 | |||
Woolworths Group, Ltd. | 5,586 | 113,492 | |||
3,135,805 | |||||
AUSTRIA — 0.1% | |||||
Erste Group Bank AG (c) | 1,466 | 60,925 | |||
Raiffeisen Bank International AG | 1,081 | 31,138 | |||
92,063 | |||||
BELGIUM — 0.2% | |||||
Ageas | 386 | 20,763 | |||
Anheuser-Busch InBev SA | 2,988 | 261,055 | |||
Umicore SA | 1,161 | 64,957 | |||
346,775 | |||||
BERMUDA — 0.0% (a) | |||||
Marvell Technology Group, Ltd. | 2,351 | 45,374 |
Security Description | Shares | Value | |||
BRAZIL — 0.7% | |||||
Ambev SA | 30,510 | $ 140,114 | |||
B3 SA - Brasil Bolsa Balcao | 10,114 | 59,262 | |||
Banco Bradesco SA Preference Shares | 16,265 | 116,768 | |||
Banco do Brasil SA | 5,259 | 38,782 | |||
CCR SA | 4,852 | 10,278 | |||
Cielo SA | 1,522 | 4,669 | |||
Fibria Celulose SA | 2,119 | 40,071 | |||
Itau Unibanco Holding SA Preference Shares | 14,605 | 161,390 | |||
Itausa - Investimentos Itau SA Preference Shares | 11,246 | 28,442 | |||
Klabin SA | 5,206 | 25,929 | |||
Localiza Rent a Car SA | 6,040 | 34,408 | |||
Suzano Papel e Celulose SA | 3,709 | 44,654 | |||
Telefonica Brasil SA Preference Shares | 1,467 | 14,400 | |||
Ultrapar Participacoes SA | 8,118 | 75,884 | |||
Vale SA | 21,589 | 323,385 | |||
1,118,436 | |||||
CANADA — 3.2% | |||||
Agnico Eagle Mines, Ltd. | 2,135 | 72,873 | |||
Alimentation Couche-Tard, Inc. Class B | 1,932 | 96,570 | |||
Bank of Montreal | 2,424 | 199,793 | |||
Bank of Nova Scotia | 5,162 | 307,460 | |||
BCE, Inc. | 2,303 | 93,235 | |||
BlackBerry, Ltd. (c) | 3,642 | 41,193 | |||
Bombardier, Inc. Class B (c) | 12,995 | 46,246 | |||
Brookfield Asset Management, Inc. Class A | 3,526 | 156,823 | |||
Cameco Corp. | 2,662 | 30,335 | |||
Canadian Imperial Bank of Commerce (b) | 1,837 | 172,004 | |||
Canadian National Railway Co. | 2,454 | 220,036 | |||
Canadian Pacific Railway, Ltd. | 235 | 49,674 | |||
Canadian Tire Corp., Ltd. Class A | 276 | 32,315 | |||
CCL Industries, Inc. Class B | 1,192 | 53,689 | |||
CGI Group, Inc. Class A (c) | 661 | 42,587 | |||
Constellation Software, Inc. | 58 | 42,621 | |||
Dollarama, Inc. | 1,272 | 40,042 | |||
Enbridge, Inc. (d) | 2,165 | 69,811 | |||
Enbridge, Inc. (d) | 4,744 | 153,184 | |||
Fairfax Financial Holdings, Ltd. | 140 | 76,005 | |||
First Quantum Minerals, Ltd. | 9,218 | 104,902 | |||
Franco-Nevada Corp. | 1,932 | 120,769 | |||
George Weston, Ltd. | 1,166 | 88,194 | |||
Goldcorp, Inc. | 4,356 | 44,349 | |||
Great-West Lifeco, Inc. | 1,085 | 26,307 | |||
Hydro One, Ltd. (e) | 12,152 | 184,640 | |||
Intact Financial Corp. | 424 | 35,229 | |||
Loblaw Cos., Ltd. | 1,086 | 55,753 | |||
Lundin Mining Corp. | 19,393 | 102,621 | |||
Magna International, Inc. | 617 | 32,387 | |||
Manulife Financial Corp. | 5,095 | 91,013 | |||
Metro, Inc. | 1,272 | 39,540 | |||
National Bank of Canada (b) | 848 | 42,321 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Nutrien, Ltd. (b) | 1,802 | $ 103,971 | |||
Open Text Corp. | 1,081 | 41,104 | |||
Pembina Pipeline Corp. | 8,015 | 272,148 | |||
Power Corp. of Canada | 1,640 | 35,601 | |||
Power Financial Corp. | 1,696 | 38,825 | |||
PrairieSky Royalty, Ltd. (b) | 15,246 | 267,625 | |||
Restaurant Brands International, Inc. (b) | 1,335 | 78,989 | |||
Rogers Communications, Inc. Class B | 1,656 | 85,106 | |||
Royal Bank of Canada | 5,693 | 456,021 | |||
Shaw Communications, Inc. Class B | 2,340 | 45,565 | |||
Shopify, Inc. Class A (c) | 318 | 52,229 | |||
SNC-Lavalin Group, Inc. | 1,693 | 68,985 | |||
Sun Life Financial, Inc. | 1,788 | 71,030 | |||
TELUS Corp. | 1,378 | 50,756 | |||
Thomson Reuters Corp. | 1,473 | 67,166 | |||
Toronto-Dominion Bank | 7,330 | 445,096 | |||
Turquoise Hill Resources, Ltd. (c) | 33,382 | 71,020 | |||
Wheaton Precious Metals Corp. | 6,477 | 113,245 | |||
WSP Global, Inc. | 742 | 40,579 | |||
5,369,582 | |||||
CHILE — 0.2% | |||||
Aguas Andinas SA Class A | 101,463 | 56,003 | |||
Antofagasta PLC | 11,412 | 127,240 | |||
Cencosud SA | 9,426 | 22,348 | |||
SACI Falabella | 4,933 | 40,041 | |||
Sociedad Quimica y Minera de Chile SA Class B, Preference Shares | 1,115 | 51,047 | |||
296,679 | |||||
CHINA — 3.2% | |||||
58.com, Inc. ADR (c) | 318 | 23,405 | |||
AAC Technologies Holdings, Inc. | 3,000 | 31,170 | |||
Agricultural Bank of China, Ltd. Class H | 179,000 | 87,843 | |||
Alibaba Group Holding, Ltd. ADR (c) | 4,011 | 660,852 | |||
ANTA Sports Products, Ltd. | 5,000 | 23,994 | |||
Baidu, Inc. ADR (c) | 1,074 | 245,602 | |||
Bank of China, Ltd. Class H | 378,000 | 168,109 | |||
Bank of Communications Co., Ltd. Class H | 76,000 | 57,013 | |||
Beijing Capital International Airport Co., Ltd. Class H | 24,000 | 29,168 | |||
BOC Hong Kong Holdings, Ltd. | 6,000 | 28,524 | |||
Brilliance China Automotive Holdings, Ltd. | 20,000 | 32,358 | |||
CGN Power Co., Ltd. Class H (e) | 359,200 | 85,383 | |||
China Cinda Asset Management Co., Ltd. Class H | 57,000 | 14,423 | |||
China CITIC Bank Corp., Ltd. Class H | 72,000 | 46,099 | |||
China Construction Bank Corp. Class H | 392,000 | 342,660 | |||
China Evergrande Group (b) | 13,700 | 38,431 | |||
China Life Insurance Co., Ltd. Class H | 36,000 | 81,800 |
Security Description | Shares | Value | |||
China Mengniu Dairy Co., Ltd. (c) | 13,000 | $ 43,278 | |||
China Merchants Bank Co., Ltd. Class H | 24,500 | 99,567 | |||
China Minsheng Banking Corp., Ltd. Class H (b) | 51,000 | 37,868 | |||
China Mobile, Ltd. | 21,000 | 207,051 | |||
China Molybdenum Co., Ltd. Class H (b) | 90,000 | 37,726 | |||
China Oilfield Services, Ltd. Class H | 24,000 | 26,040 | |||
China Overseas Land & Investment, Ltd. | 16,000 | 50,096 | |||
China Pacific Insurance Group Co., Ltd. Class H | 12,800 | 49,401 | |||
China Reinsurance Group Corp. Class H | 193,000 | 38,231 | |||
China Resources Beer Holdings Co., Ltd. | 10,000 | 40,192 | |||
China Resources Gas Group, Ltd. | 36,000 | 146,532 | |||
China Telecom Corp., Ltd. Class H | 82,000 | 40,765 | |||
China Unicom Hong Kong, Ltd. | 36,000 | 42,418 | |||
China Vanke Co., Ltd. Class H | 7,096 | 23,487 | |||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 55,000 | 30,083 | |||
CITIC Securities Co., Ltd. Class H | 9,000 | 16,010 | |||
Country Garden Holdings Co., Ltd. | 25,000 | 31,534 | |||
CSPC Pharmaceutical Group, Ltd. | 20,000 | 42,480 | |||
Ctrip.com International, Ltd. ADR (c) | 1,762 | 65,494 | |||
ENN Energy Holdings, Ltd. | 3,000 | 26,071 | |||
Fosun International, Ltd. | 21,000 | 37,036 | |||
Geely Automobile Holdings, Ltd. | 20,000 | 39,873 | |||
Guangzhou Automobile Group Co., Ltd. Class H | 27,200 | 30,138 | |||
Huaneng Renewables Corp., Ltd. Class H | 182,000 | 54,194 | |||
Huazhu Group, Ltd. ADR | 530 | 17,119 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 320,000 | 233,920 | |||
JD.com, Inc. ADR (b)(c) | 3,396 | 88,602 | |||
Jiangsu Expressway Co., Ltd. Class H | 32,000 | 41,059 | |||
Lenovo Group, Ltd. | 56,000 | 40,936 | |||
MMG, Ltd. (c) | 68,000 | 35,195 | |||
NetEase, Inc. ADR | 287 | 65,508 | |||
New Oriental Education & Technology Group, Inc. ADR (c) | 641 | 47,440 | |||
People's Insurance Co. Group of China, Ltd. Class H | 105,000 | 47,234 | |||
PICC Property & Casualty Co., Ltd. Class H | 42,000 | 49,595 | |||
Ping An Insurance Group Co. of China, Ltd. Class H | 20,500 | 208,277 | |||
Postal Savings Bank of China Co., Ltd. Class H (e) | 67,000 | 42,213 | |||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 3,500 | 13,799 | |||
Shenzhou International Group Holdings, Ltd. | 4,000 | 51,323 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Sunac China Holdings, Ltd. | 11,000 | $ 33,879 | |||
Sunny Optical Technology Group Co., Ltd. | 2,500 | 28,850 | |||
TAL Education Group ADR (c) | 1,511 | 38,848 | |||
Tencent Holdings, Ltd. | 20,684 | 854,333 | |||
Towngas China Co., Ltd. (c) | 72,351 | 63,337 | |||
Vipshop Holdings, Ltd. ADR (c) | 1,491 | 9,304 | |||
Yum China Holdings, Inc. | 1,494 | 52,454 | |||
Zhejiang Expressway Co., Ltd. Class H | 38,000 | 31,614 | |||
ZTE Corp. Class H (b)(c) | 4,600 | 8,430 | |||
5,355,668 | |||||
COLOMBIA — 0.3% | |||||
Bancolombia SA | 2,200 | 23,635 | |||
Bancolombia SA Preference Shares | 5,600 | 59,029 | |||
Grupo Aval Acciones y Valores SA Preference Shares | 203,431 | 79,814 | |||
Grupo de Inversiones Suramericana SA Preference Shares | 4,597 | 52,636 | |||
Grupo de Inversiones Suramericana SA | 6,709 | 78,536 | |||
Interconexion Electrica SA ESP | 29,587 | 133,318 | |||
426,968 | |||||
DENMARK — 0.5% | |||||
Carlsberg A/S Class B | 211 | 25,319 | |||
Chr. Hansen Holding A/S | 717 | 72,813 | |||
Coloplast A/S Class B | 350 | 35,805 | |||
Danske Bank A/S | 1,814 | 47,664 | |||
Genmab A/S (c) | 215 | 33,822 | |||
ISS A/S | 873 | 30,730 | |||
Novo Nordisk A/S Class B | 6,715 | 316,278 | |||
Novozymes A/S Class B | 1,864 | 102,369 | |||
Pandora A/S | 424 | 26,489 | |||
Vestas Wind Systems A/S | 886 | 59,947 | |||
751,236 | |||||
FINLAND — 0.3% | |||||
Kone Oyj Class B | 1,759 | 94,023 | |||
Neste Oyj | 714 | 59,047 | |||
Nokia Oyj | 2,631 | 14,598 | |||
Nokia Oyj | 15,466 | 85,939 | |||
Nokian Renkaat Oyj | 522 | 21,396 | |||
Sampo Oyj Class A | 1,790 | 92,727 | |||
Wartsila OYJ Abp | 2,299 | 44,834 | |||
412,564 | |||||
FRANCE — 3.6% | |||||
Aeroports de Paris | 367 | 82,654 | |||
Airbus SE | 2,544 | 319,656 | |||
Alstom SA | 1,244 | 55,614 | |||
Amundi SA (e) | 463 | 34,708 | |||
Atos SE | 402 | 47,860 | |||
AXA SA | 8,584 | 230,813 | |||
BNP Paribas SA | 4,048 | 247,829 | |||
Bollore SA | 11,809 | 51,024 | |||
Bureau Veritas SA | 1,551 | 40,047 | |||
Capgemini SE | 734 | 92,415 | |||
CNP Assurances | 1,753 | 42,270 |
Security Description | Shares | Value | |||
Covivio REIT | 298 | $ 31,065 | |||
Credit Agricole SA | 4,541 | 65,328 | |||
Danone SA | 2,395 | 185,546 | |||
Dassault Aviation SA | 18 | 33,326 | |||
Dassault Systemes SE | 481 | 71,930 | |||
Edenred | 1,992 | 75,959 | |||
Eiffage SA | 392 | 43,782 | |||
Essilor International Cie Generale d'Optique SA | 788 | 116,650 | |||
Eurazeo SE | 800 | 63,046 | |||
Eutelsat Communications SA (b) | 976 | 23,081 | |||
Gecina SA REIT | 306 | 51,109 | |||
Getlink | 5,027 | 64,227 | |||
Hermes International | 126 | 83,507 | |||
ICADE REIT | 527 | 48,724 | |||
Iliad SA (b) | 185 | 24,174 | |||
Ingenico Group SA | 210 | 15,962 | |||
Kering SA | 356 | 190,910 | |||
Klepierre SA REIT | 1,666 | 59,077 | |||
Legrand SA | 1,468 | 107,045 | |||
L'Oreal SA | 1,416 | 341,601 | |||
LVMH Moet Hennessy Louis Vuitton SE | 1,191 | 421,367 | |||
Natixis SA | 4,316 | 29,296 | |||
Orange SA | 8,747 | 139,543 | |||
Pernod Ricard SA | 1,019 | 167,238 | |||
Peugeot SA | 3,855 | 104,014 | |||
Publicis Groupe SA | 803 | 48,015 | |||
Remy Cointreau SA | 163 | 21,242 | |||
Renault SA | 1,229 | 106,348 | |||
Rexel SA | 2,507 | 37,665 | |||
Safran SA | 1,727 | 242,113 | |||
Sanofi | 4,543 | 403,984 | |||
Schneider Electric SE | 3,072 | 247,271 | |||
SCOR SE | 822 | 38,190 | |||
Societe BIC SA | 220 | 20,149 | |||
Societe Generale SA | 3,026 | 129,938 | |||
Sodexo SA | 604 | 64,079 | |||
Teleperformance | 120 | 22,649 | |||
Thales SA | 463 | 65,797 | |||
Ubisoft Entertainment SA (c) | 321 | 34,831 | |||
Unibail-Rodamco-Westfield | 2,980 | 30,445 | |||
Unibail-Rodamco-Westfield | 689 | 138,623 | |||
Valeo SA | 713 | 30,973 | |||
Vinci SA | 2,947 | 280,750 | |||
Vivendi SA | 5,501 | 141,653 | |||
5,907,112 | |||||
GERMANY — 2.9% | |||||
adidas AG | 750 | 183,720 | |||
Allianz SE | 2,000 | 446,016 | |||
BASF SE | 3,552 | 315,818 | |||
Bayer AG | 2,935 | 260,823 | |||
Bayerische Motoren Werke AG | 2,159 | 194,872 | |||
Beiersdorf AG | 560 | 63,210 | |||
Brenntag AG | 700 | 43,222 | |||
Commerzbank AG (c) | 2,142 | 22,329 | |||
Continental AG | 330 | 57,475 | |||
Daimler AG | 4,547 | 287,041 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Deutsche Bank AG | 7,007 | $ 79,986 | |||
Deutsche Boerse AG | 606 | 81,226 | |||
Deutsche Post AG | 1,849 | 65,953 | |||
Deutsche Telekom AG | 12,705 | 204,899 | |||
Deutsche Wohnen SE | 852 | 40,890 | |||
Fraport AG Frankfurt Airport Services Worldwide | 504 | 44,549 | |||
Fresenius Medical Care AG & Co. KGaA | 960 | 98,770 | |||
Fresenius SE & Co. KGaA | 1,657 | 121,712 | |||
Fuchs Petrolub SE Preference Shares | 657 | 36,721 | |||
GEA Group AG | 802 | 28,579 | |||
Henkel AG & Co. KGaA Preference Shares | 1,137 | 133,449 | |||
HUGO BOSS AG | 296 | 22,801 | |||
Infineon Technologies AG | 4,738 | 107,697 | |||
Innogy SE (c) | 2,237 | 94,967 | |||
KION Group AG | 233 | 14,327 | |||
Merck KGaA | 490 | 50,653 | |||
MTU Aero Engines AG | 249 | 56,136 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 844 | 186,993 | |||
Puma SE | 30 | 14,809 | |||
SAP SE | 3,915 | 482,011 | |||
Siemens AG | 3,208 | 411,137 | |||
Siemens Healthineers AG (c)(e) | 565 | 24,855 | |||
Symrise AG | 1,141 | 104,193 | |||
Telefonica Deutschland Holding AG | 9,876 | 41,766 | |||
United Internet AG | 507 | 23,997 | |||
Volkswagen AG Preference Shares | 777 | 136,817 | |||
Vonovia SE | 1,426 | 69,697 | |||
Wirecard AG | 542 | 117,534 | |||
Zalando SE (c)(e) | 578 | 22,497 | |||
4,794,147 | |||||
HONG KONG — 1.2% | |||||
AIA Group, Ltd. | 47,200 | 421,639 | |||
Bank of East Asia, Ltd. | 9,400 | 35,078 | |||
China Gas Holdings, Ltd. | 13,200 | 37,365 | |||
CK Asset Holdings, Ltd. | 12,459 | 93,543 | |||
Galaxy Entertainment Group, Ltd. | 8,000 | 50,761 | |||
Hanergy Thin Film Power Group, Ltd. (c)(f) | 24,000 | — | |||
Hang Lung Properties, Ltd. | 17,000 | 33,240 | |||
Hang Seng Bank, Ltd. | 2,400 | 65,207 | |||
Henderson Land Development Co., Ltd. | 9,393 | 47,236 | |||
Hong Kong & China Gas Co., Ltd. | 78,822 | 156,538 | |||
Hong Kong Exchanges & Clearing, Ltd. | 5,006 | 143,305 | |||
Hongkong Land Holdings, Ltd. | 7,200 | 47,664 | |||
Jardine Matheson Holdings, Ltd. | 1,000 | 62,750 | |||
Jardine Strategic Holdings, Ltd. | 1,200 | 43,560 | |||
Kerry Properties, Ltd. | 7,500 | 25,448 | |||
Link REIT | 10,500 | 103,391 | |||
Melco Resorts & Entertainment, Ltd. ADR | 1,493 | 31,577 |
Security Description | Shares | Value | |||
MTR Corp., Ltd. | 8,380 | $ 44,123 | |||
Sands China, Ltd. | 13,600 | 61,613 | |||
Sino Biopharmaceutical, Ltd. | 27,500 | 25,655 | |||
Sino Land Co., Ltd. | 30,237 | 51,858 | |||
Sun Hung Kai Properties, Ltd. | 10,000 | 145,689 | |||
Swire Properties, Ltd. | 7,200 | 27,282 | |||
Techtronic Industries Co., Ltd. | 7,500 | 47,924 | |||
Wharf Holdings, Ltd. | 10,000 | 27,221 | |||
Wharf Real Estate Investment Co., Ltd. | 6,000 | 38,722 | |||
Wheelock & Co., Ltd. | 5,000 | 30,000 | |||
1,898,389 | |||||
HUNGARY — 0.0% (a) | |||||
OTP Bank Nyrt | 956 | 35,429 | |||
INDIA — 0.9% | |||||
Adani Ports & Special Economic Zone, Ltd. | 8,407 | 38,144 | |||
Asian Paints, Ltd. | 3,922 | 69,973 | |||
Axis Bank, Ltd. (c) | 9,297 | 78,651 | |||
Bajaj Auto, Ltd. | 566 | 20,983 | |||
Bharat Petroleum Corp., Ltd. | 10,407 | 53,715 | |||
Bharti Airtel, Ltd. | 7,658 | 35,765 | |||
Eicher Motors, Ltd. | 75 | 25,023 | |||
Godrej Consumer Products, Ltd. | 2,949 | 31,270 | |||
HCL Technologies, Ltd. | 3,207 | 48,125 | |||
Hindustan Unilever, Ltd. | 3,895 | 86,422 | |||
Housing Development Finance Corp., Ltd. | 5,800 | 140,379 | |||
ICICI Bank, Ltd. ADR | 7,284 | 61,841 | |||
Infosys, Ltd. ADR | 16,142 | 164,164 | |||
ITC, Ltd. | 18,998 | 78,034 | |||
Larsen & Toubro, Ltd. GDR | 3,601 | 62,441 | |||
Mahindra & Mahindra, Ltd. GDR | 3,733 | 43,676 | |||
Maruti Suzuki India, Ltd. | 592 | 60,008 | |||
Nestle India, Ltd. | 296 | 39,607 | |||
Reliance Industries, Ltd. | 3,303 | 57,318 | |||
State Bank of India GDR (c) | 984 | 36,359 | |||
Sun Pharmaceutical Industries, Ltd. | 3,254 | 27,977 | |||
Tata Consultancy Services, Ltd. | 3,919 | 118,057 | |||
Tata Motors, Ltd. (c) | 14,279 | 44,064 | |||
Tech Mahindra, Ltd. | 3,037 | 31,233 | |||
Titan Co., Ltd. | 2,667 | 29,639 | |||
United Spirits, Ltd. (c) | 2,511 | 17,815 | |||
Wipro, Ltd. ADR (b) | 8,268 | 43,076 | |||
Yes Bank, Ltd. | 7,417 | 18,791 | |||
1,562,550 | |||||
INDONESIA — 0.2% | |||||
Astra International Tbk PT | 133,200 | 65,699 | |||
Bank Central Asia Tbk PT | 38,700 | 62,719 | |||
Bank Mandiri Persero Tbk PT | 72,100 | 32,539 | |||
Bank Rakyat Indonesia Persero Tbk PT | 180,200 | 38,092 | |||
Gudang Garam Tbk PT | 5,000 | 24,846 | |||
Hanjaya Mandala Sampoerna Tbk PT | 168,500 | 43,534 | |||
Jasa Marga Persero Tbk PT | 95,650 | 28,692 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Telekomunikasi Indonesia Persero Tbk PT | 216,600 | $ 52,909 | |||
Unilever Indonesia Tbk PT | 11,100 | 35,029 | |||
384,059 | |||||
IRELAND — 0.4% | |||||
Accenture PLC Class A | 2,441 | 415,458 | |||
AerCap Holdings NV (c) | 935 | 53,781 | |||
AIB Group PLC | 4,904 | 25,120 | |||
James Hardie Industries PLC | 2,507 | 38,020 | |||
Kerry Group PLC Class A | 569 | 62,950 | |||
Paddy Power Betfair PLC | 303 | 25,867 | |||
621,196 | |||||
ISRAEL — 0.2% | |||||
Bank Hapoalim BM | 5,611 | 41,108 | |||
Bank Leumi Le-Israel BM | 3,721 | 24,549 | |||
Check Point Software Technologies, Ltd. (c) | 666 | 78,368 | |||
Frutarom Industries, Ltd. | 494 | 51,150 | |||
Nice, Ltd. (c) | 224 | 25,350 | |||
Teva Pharmaceutical Industries, Ltd. ADR | 1,200 | 25,848 | |||
Teva Pharmaceutical Industries, Ltd. | 2,709 | 59,400 | |||
305,773 | |||||
ITALY — 0.5% | |||||
Assicurazioni Generali SpA | 6,890 | 119,081 | |||
Atlantia SpA | 3,732 | 77,461 | |||
Ferrari NV | 787 | 108,412 | |||
Intesa Sanpaolo SpA | 54,459 | 139,222 | |||
Leonardo SpA | 1,825 | 22,003 | |||
Luxottica Group SpA | 804 | 54,649 | |||
Mediobanca Banca di Credito Finanziario SpA | 2,273 | 22,715 | |||
Moncler SpA | 279 | 12,023 | |||
Poste Italiane SpA (e) | 3,617 | 28,912 | |||
Snam SpA | 12,034 | 50,165 | |||
Telecom Italia SpA/Milano | 115,763 | 62,308 | |||
Terna Rete Elettrica Nazionale SpA | 16,069 | 85,874 | |||
UniCredit SpA | 7,515 | 113,159 | |||
895,984 | |||||
JAPAN — 7.6% | |||||
Asahi Group Holdings, Ltd. | 1,400 | 60,703 | |||
Astellas Pharma, Inc. | 7,900 | 137,851 | |||
Bandai Namco Holdings, Inc. | 700 | 27,209 | |||
Bank of Kyoto, Ltd. | 300 | 15,662 | |||
Canon, Inc. | 4,800 | 152,555 | |||
Casio Computer Co., Ltd. (b) | 1,700 | 27,793 | |||
Central Japan Railway Co. | 700 | 145,812 | |||
Chiba Bank, Ltd. (b) | 3,200 | 21,862 | |||
Chugai Pharmaceutical Co., Ltd. | 600 | 38,561 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 600 | 16,058 | |||
Concordia Financial Group, Ltd. | 5,900 | 28,933 | |||
Daifuku Co., Ltd. | 400 | 20,390 | |||
Dai-ichi Life Holdings, Inc. | 3,500 | 72,890 | |||
Daiichi Sankyo Co., Ltd. | 2,000 | 86,719 | |||
Daikin Industries, Ltd. | 1,300 | 173,108 |
Security Description | Shares | Value | |||
Daito Trust Construction Co., Ltd. (b) | 200 | $ 25,734 | |||
Daiwa House Industry Co., Ltd. | 2,800 | 83,025 | |||
Daiwa Securities Group, Inc. | 11,700 | 71,198 | |||
Denso Corp. | 2,100 | 110,912 | |||
Dentsu, Inc. | 1,300 | 60,316 | |||
East Japan Railway Co. | 1,100 | 102,219 | |||
Eisai Co., Ltd. | 1,200 | 116,846 | |||
FANUC Corp. | 700 | 132,007 | |||
Fast Retailing Co., Ltd. | 300 | 152,978 | |||
FUJIFILM Holdings Corp. | 600 | 27,019 | |||
Fujitsu, Ltd. | 600 | 42,766 | |||
Fukuoka Financial Group, Inc. | 1,600 | 44,020 | |||
Hitachi Chemical Co., Ltd. | 2,300 | 46,836 | |||
Hitachi, Ltd. | 2,800 | 95,153 | |||
Honda Motor Co., Ltd. (b) | 5,700 | 172,578 | |||
Hoshizaki Corp. | 200 | 20,707 | |||
Hoya Corp. | 1,500 | 89,140 | |||
IHI Corp. | 500 | 18,951 | |||
Isetan Mitsukoshi Holdings, Ltd. (b) | 2,000 | 24,563 | |||
Isuzu Motors, Ltd. | 3,300 | 52,034 | |||
ITOCHU Corp. | 7,600 | 139,173 | |||
Japan Post Bank Co., Ltd. (b) | 3,900 | 46,113 | |||
Japan Post Holdings Co., Ltd. | 6,732 | 80,131 | |||
Japan Tobacco, Inc. | 4,800 | 125,340 | |||
JGC Corp. (b) | 1,500 | 34,415 | |||
Kajima Corp. | 2,500 | 36,338 | |||
Kamigumi Co., Ltd. | 1,600 | 35,272 | |||
Kansai Paint Co., Ltd. (b) | 3,000 | 55,307 | |||
Kao Corp. | 1,500 | 121,152 | |||
KDDI Corp. | 7,000 | 193,450 | |||
Keikyu Corp. (b) | 1,700 | 30,996 | |||
Keio Corp. | 400 | 21,904 | |||
Keisei Electric Railway Co., Ltd. | 1,100 | 38,738 | |||
Keyence Corp. | 300 | 174,266 | |||
Kikkoman Corp. | 400 | 23,806 | |||
Kirin Holdings Co., Ltd. | 1,800 | 46,131 | |||
Koito Manufacturing Co., Ltd. | 600 | 39,407 | |||
Komatsu, Ltd. (b) | 3,200 | 97,365 | |||
Kose Corp. | 100 | 19,061 | |||
Kubota Corp. | 3,800 | 64,602 | |||
Kyocera Corp. | 1,300 | 78,056 | |||
Lawson, Inc. | 700 | 42,646 | |||
M3, Inc. | 1,400 | 31,775 | |||
Makita Corp. | 800 | 40,076 | |||
Marubeni Corp. | 56,100 | 513,659 | |||
Mebuki Financial Group, Inc. | 6,600 | 22,836 | |||
Medipal Holdings Corp. | 1,400 | 29,224 | |||
MISUMI Group, Inc. | 1,300 | 33,649 | |||
Mitsubishi Corp. | 11,900 | 366,791 | |||
Mitsubishi Electric Corp. | 7,400 | 101,405 | |||
Mitsubishi Estate Co., Ltd. | 5,600 | 95,252 | |||
Mitsubishi Gas Chemical Co., Inc. | 800 | 17,037 | |||
Mitsubishi Heavy Industries, Ltd. | 1,000 | 38,623 | |||
Mitsubishi Motors Corp. | 2,500 | 17,652 | |||
Mitsubishi UFJ Financial Group, Inc. | 47,100 | 294,041 | |||
Mitsui & Co., Ltd. | 31,300 | 556,778 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Mitsui Fudosan Co., Ltd. | 4,000 | $ 94,696 | |||
Mizuho Financial Group, Inc. | 107,900 | 188,280 | |||
MS&AD Insurance Group Holdings, Inc. | 1,900 | 63,464 | |||
Murata Manufacturing Co., Ltd. | 500 | 76,881 | |||
Nexon Co., Ltd. (c) | 1,700 | 22,226 | |||
NGK Spark Plug Co., Ltd. | 600 | 17,485 | |||
Nidec Corp. | 1,000 | 143,901 | |||
Nikon Corp. (b) | 2,400 | 45,112 | |||
Nintendo Co., Ltd. | 400 | 146,005 | |||
Nippon Paint Holdings Co., Ltd. (b) | 1,700 | 63,459 | |||
Nippon Telegraph & Telephone Corp. | 2,500 | 112,955 | |||
Nissan Chemical Corp. | 400 | 21,130 | |||
Nissan Motor Co., Ltd. (b) | 6,700 | 62,732 | |||
Nitori Holdings Co., Ltd. | 300 | 43,038 | |||
Nitto Denko Corp. | 700 | 52,482 | |||
Nomura Holdings, Inc. | 17,300 | 82,658 | |||
Nomura Research Institute, Ltd. | 800 | 40,428 | |||
NTT Data Corp. | 4,000 | 55,395 | |||
NTT DOCOMO, Inc. | 5,400 | 145,239 | |||
Obayashi Corp. | 3,900 | 36,945 | |||
Olympus Corp. | 1,300 | 50,759 | |||
Omron Corp. | 500 | 21,130 | |||
Ono Pharmaceutical Co., Ltd. | 1,500 | 42,457 | |||
Oriental Land Co., Ltd. | 1,200 | 125,510 | |||
ORIX Corp. | 6,000 | 97,302 | |||
Otsuka Holdings Co., Ltd. | 1,000 | 50,420 | |||
Panasonic Corp. | 7,200 | 83,895 | |||
Rakuten, Inc. (b) | 7,200 | 55,199 | |||
Recruit Holdings Co., Ltd. | 4,700 | 156,908 | |||
Renesas Electronics Corp. (c) | 3,600 | 22,503 | |||
Resona Holdings, Inc. | 12,600 | 70,807 | |||
Ricoh Co., Ltd. (b) | 2,300 | 24,704 | |||
Rohm Co., Ltd. | 400 | 29,159 | |||
Ryohin Keikaku Co., Ltd. | 100 | 29,757 | |||
Sankyo Co., Ltd. | 600 | 23,480 | |||
SBI Holdings, Inc. | 1,800 | 55,940 | |||
Secom Co., Ltd. | 1,600 | 130,468 | |||
Sekisui House, Ltd. | 3,600 | 54,910 | |||
Seven & i Holdings Co., Ltd. | 2,400 | 106,916 | |||
Seven Bank, Ltd. (b) | 7,700 | 24,337 | |||
Shimano, Inc. | 300 | 48,360 | |||
Shimizu Corp. | 6,600 | 60,256 | |||
Shin-Etsu Chemical Co., Ltd. | 1,800 | 159,502 | |||
Shinsei Bank, Ltd. | 1,000 | 16,349 | |||
Shionogi & Co., Ltd. | 800 | 52,289 | |||
Shiseido Co., Ltd. | 1,600 | 123,946 | |||
Shizuoka Bank, Ltd. | 2,100 | 18,858 | |||
SMC Corp. | 200 | 64,023 | |||
SoftBank Group Corp. | 3,300 | 333,239 | |||
Sompo Holdings, Inc. | 1,600 | 68,164 | |||
Sony Corp. | 5,000 | 306,643 | |||
Start Today Co., Ltd. | 700 | 21,200 | |||
Subaru Corp. | 2,800 | 85,786 | |||
Sumitomo Corp. | 4,200 | 70,052 | |||
Sumitomo Metal Mining Co., Ltd. (b) | 1,700 | 59,658 |
Security Description | Shares | Value | |||
Sumitomo Mitsui Financial Group, Inc. | 5,900 | $ 238,213 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 1,700 | 69,985 | |||
Sumitomo Realty & Development Co., Ltd. | 1,000 | 35,920 | |||
Suzuki Motor Corp. | 1,700 | 97,404 | |||
Sysmex Corp. | 500 | 43,051 | |||
T&D Holdings, Inc. | 1,200 | 19,809 | |||
Taisei Corp. | 1,500 | 68,407 | |||
Takeda Pharmaceutical Co., Ltd. (b) | 3,500 | 149,786 | |||
Terumo Corp. | 1,200 | 71,101 | |||
Toho Gas Co., Ltd. (b) | 3,200 | 121,565 | |||
Tokio Marine Holdings, Inc. | 2,900 | 143,921 | |||
Tokyo Electron, Ltd. (b) | 600 | 82,458 | |||
Tokyu Corp. | 1,900 | 34,760 | |||
Toshiba Corp. (c) | 1,400 | 40,489 | |||
TOTO, Ltd. | 800 | 33,209 | |||
Toyota Industries Corp. | 800 | 47,330 | |||
Toyota Motor Corp. | 9,100 | 568,425 | |||
Toyota Tsusho Corp. | 2,600 | 98,200 | |||
Trend Micro, Inc. | 400 | 25,743 | |||
Unicharm Corp. | 1,100 | 36,394 | |||
USS Co., Ltd. | 1,100 | 20,424 | |||
Yakult Honsha Co., Ltd. | 500 | 40,983 | |||
Yamaha Corp. | 300 | 15,900 | |||
Yamaha Motor Co., Ltd. | 600 | 16,824 | |||
Yaskawa Electric Corp. | 500 | 14,857 | |||
12,612,130 | |||||
LUXEMBOURG — 0.1% | |||||
Reinet Investments SCA | 1,990 | 36,999 | |||
SES SA | 1,537 | 33,741 | |||
Tenaris SA | 2,656 | 44,516 | |||
115,256 | |||||
MACAU — 0.0% (a) | |||||
MGM China Holdings, Ltd. (b) | 7,200 | 11,410 | |||
Wynn Macau, Ltd. | 9,200 | 21,163 | |||
32,573 | |||||
MALAYSIA — 0.3% | |||||
AMMB Holdings Bhd | 38,400 | 38,321 | |||
CIMB Group Holdings Bhd | 27,929 | 40,559 | |||
Dialog Group Bhd | 38,000 | 32,045 | |||
Genting Bhd | 43,200 | 81,525 | |||
Genting Malaysia Bhd | 32,600 | 39,307 | |||
IHH Healthcare Bhd | 22,400 | 28,200 | |||
Malayan Banking Bhd | 22,244 | 52,620 | |||
Petronas Dagangan Bhd | 8,900 | 56,473 | |||
PPB Group Bhd | 11,400 | 46,223 | |||
Public Bank Bhd | 9,100 | 54,972 | |||
Westports Holdings Bhd | 47,962 | 44,039 | |||
514,284 | |||||
MEXICO — 0.4% | |||||
America Movil SAB de CV Series L | 151,619 | 121,949 | |||
Coca-Cola Femsa SAB de CV Series L | 5,358 | 32,739 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Fibra Uno Administracion SA de CV REIT | 33,907 | $ 44,625 | |||
Fomento Economico Mexicano SAB de CV | 8,722 | 86,374 | |||
Fresnillo PLC | 3,387 | 36,280 | |||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 5,921 | 64,779 | |||
Grupo Aeroportuario del Sureste SAB de CV Class B | 3,644 | 74,565 | |||
Grupo Financiero Banorte SAB de CV Series O | 11,062 | 80,040 | |||
Grupo Financiero Inbursa SAB de CV Series O | 15,400 | 24,180 | |||
Grupo Televisa SAB Series CPO (b) | 6,700 | 23,841 | |||
Wal-Mart de Mexico SAB de CV | 30,242 | 92,234 | |||
681,606 | |||||
NETHERLANDS — 1.0% | |||||
ABN AMRO Group NV (e) | 883 | 24,050 | |||
Aegon NV | 6,498 | 42,175 | |||
ASML Holding NV | 1,387 | 259,210 | |||
Heineken NV | 686 | 64,349 | |||
ING Groep NV | 10,808 | 140,398 | |||
Koninklijke Ahold Delhaize NV | 2,233 | 51,224 | |||
Koninklijke DSM NV | 994 | 105,339 | |||
Koninklijke KPN NV | 15,873 | 41,888 | |||
Koninklijke Philips NV | 4,399 | 200,469 | |||
NN Group NV | 1,864 | 83,202 | |||
NXP Semiconductors NV | 1,138 | 97,299 | |||
Randstad NV | 829 | 44,273 | |||
Royal Dutch Shell PLC Class B | 13,960 | 489,520 | |||
Wolters Kluwer NV | 1,210 | 75,443 | |||
1,718,839 | |||||
NEW ZEALAND — 0.1% | |||||
Meridian Energy, Ltd. | 45,729 | 99,588 | |||
NORWAY — 0.3% | |||||
DNB ASA | 6,686 | 140,604 | |||
Gjensidige Forsikring ASA | 3,765 | 63,433 | |||
Marine Harvest ASA | 5,084 | 117,715 | |||
Orkla ASA | 8,533 | 72,051 | |||
Schibsted ASA Class B | 1,190 | 41,209 | |||
Telenor ASA | 6,021 | 117,635 | |||
552,647 | |||||
PERU — 0.1% | |||||
Credicorp, Ltd. | 212 | 47,293 | |||
Southern Copper Corp. | 4,010 | 172,991 | |||
220,284 | |||||
PHILIPPINES — 0.0% (a) | |||||
SM Investments Corp. | 2,090 | 34,969 | |||
SM Prime Holdings, Inc. | 34,200 | 22,882 | |||
57,851 | |||||
POLAND — 0.1% | |||||
Bank Polska Kasa Opieki SA | 734 | 21,147 | |||
LPP SA | 13 | 30,418 | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 3,265 | 37,999 |
Security Description | Shares | Value | |||
Powszechny Zaklad Ubezpieczen SA | 4,589 | $ 49,425 | |||
138,989 | |||||
PORTUGAL — 0.1% | |||||
Galp Energia SGPS SA | 10,943 | 217,219 | |||
QATAR — 0.1% | |||||
Barwa Real Estate Co. | 7,274 | 70,672 | |||
Commercial Bank PQSC | 2,309 | 25,617 | |||
Qatar National Bank QPSC | 2,328 | 113,156 | |||
209,445 | |||||
ROMANIA — 0.0% (a) | |||||
NEPI Rockcastle PLC | 3,564 | 32,373 | |||
RUSSIA — 0.2% | |||||
Magnit PJSC GDR | 1,684 | 23,921 | |||
Mobile TeleSystems PJSC ADR | 7,147 | 60,964 | |||
Moscow Exchange MICEX-RTS PJSC (c) | 32,213 | 47,748 | |||
Sberbank of Russia PJSC ADR | 16,261 | 206,189 | |||
338,822 | |||||
SINGAPORE — 0.4% | |||||
City Developments, Ltd. | 4,532 | 30,217 | |||
DBS Group Holdings, Ltd. | 6,949 | 132,689 | |||
Genting Singapore, Ltd. | 52,600 | 40,806 | |||
Oversea-Chinese Banking Corp., Ltd. | 13,508 | 113,098 | |||
SATS, Ltd. | 6,600 | 25,215 | |||
Singapore Press Holdings, Ltd. (b) | 18,100 | 38,019 | |||
Singapore Technologies Engineering, Ltd. | 11,900 | 31,005 | |||
Singapore Telecommunications, Ltd. | 41,329 | 98,003 | |||
Suntec Real Estate Investment Trust | 35,000 | 49,438 | |||
United Overseas Bank, Ltd. | 4,854 | 96,202 | |||
UOL Group, Ltd. | 3,092 | 15,592 | |||
670,284 | |||||
SOUTH AFRICA — 0.7% | |||||
Absa Group, Ltd. | 4,469 | 47,964 | |||
Aspen Pharmacare Holdings, Ltd. | 936 | 11,203 | |||
Bid Corp., Ltd. (b) | 1,640 | 34,179 | |||
Discovery, Ltd. | 2,382 | 28,615 | |||
FirstRand, Ltd. | 17,480 | 83,835 | |||
Growthpoint Properties, Ltd. REIT | 30,863 | 50,663 | |||
Investec PLC | 5,981 | 42,086 | |||
Kumba Iron Ore, Ltd. (b) | 2,075 | 47,062 | |||
Liberty Holdings, Ltd. | 2,337 | 18,625 | |||
MMI Holdings, Ltd. (c) | 15,925 | 19,536 | |||
Mr. Price Group, Ltd. | 1,626 | 26,228 | |||
MTN Group, Ltd. | 3,475 | 21,506 | |||
Naspers, Ltd. Class N | 1,626 | 350,638 | |||
Nedbank Group, Ltd. | 1,691 | 31,622 | |||
Old Mutual, Ltd. | 25,150 | 53,190 | |||
Redefine Properties, Ltd. REIT | 49,503 | 35,051 | |||
RMB Holdings, Ltd. | 10,466 | 58,538 | |||
Sanlam, Ltd. | 11,417 | 63,825 | |||
SPAR Group, Ltd. | 1,685 | 21,925 | |||
Standard Bank Group, Ltd. | 6,715 | 83,040 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Vodacom Group, Ltd. | 2,562 | $ 22,799 | |||
1,152,130 | |||||
SOUTH KOREA — 1.6% | |||||
Amorepacific Corp. | 156 | 36,706 | |||
AMOREPACIFIC Group | 130 | 10,934 | |||
BNK Financial Group, Inc. | 3,243 | 25,143 | |||
Celltrion, Inc. (c) | 312 | 83,538 | |||
Daelim Industrial Co., Ltd. | 768 | 57,189 | |||
Daewoo Engineering & Construction Co., Ltd. (c) | 5,175 | 27,619 | |||
GS Engineering & Construction Corp. | 831 | 39,181 | |||
GS Holdings Corp. | 1,905 | 94,627 | |||
Hana Financial Group, Inc. | 1,173 | 47,110 | |||
Hotel Shilla Co., Ltd. | 295 | 28,855 | |||
Hyundai Engineering & Construction Co., Ltd. | 635 | 38,641 | |||
Hyundai Heavy Industries Co., Ltd. (c) | 688 | 83,422 | |||
Hyundai Heavy Industries Holdings Co., Ltd. (c) | 85 | 31,034 | |||
Hyundai Mobis Co., Ltd. | 317 | 65,158 | |||
Hyundai Motor Co. | 331 | 38,643 | |||
Hyundai Motor Co. Preference Shares | 419 | 31,994 | |||
Hyundai Motor Co. Preference Shares | 428 | 30,212 | |||
Industrial Bank of Korea | 2,210 | 30,383 | |||
Kakao Corp. | 209 | 22,421 | |||
KB Financial Group, Inc. | 1,389 | 67,869 | |||
Korea Gas Corp. (c) | 994 | 54,393 | |||
KT&G Corp. | 803 | 75,287 | |||
LG Electronics, Inc. | 422 | 27,011 | |||
LG Household & Health Care, Ltd. | 42 | 48,314 | |||
NAVER Corp. | 108 | 69,712 | |||
NCSoft Corp. | 111 | 44,280 | |||
Samsung Biologics Co., Ltd. (c)(e) | 82 | 39,475 | |||
Samsung C&T Corp. | 343 | 40,044 | |||
Samsung Electronics Co., Ltd. Preference Shares | 3,250 | 110,897 | |||
Samsung Electronics Co., Ltd. | 17,168 | 718,912 | |||
Samsung Engineering Co., Ltd. (c) | 2,317 | 40,314 | |||
Samsung Life Insurance Co., Ltd. | 270 | 23,684 | |||
Samsung SDI Co., Ltd. | 183 | 42,646 | |||
Samsung SDS Co., Ltd. | 201 | 41,858 | |||
Shinhan Financial Group Co., Ltd. | 1,445 | 58,621 | |||
SK Holdings Co., Ltd. | 298 | 77,103 | |||
SK Hynix, Inc. | 2,101 | 138,457 | |||
Woori Bank | 2,230 | 33,975 | |||
2,575,662 | |||||
SPAIN — 1.0% | |||||
Aena SME SA (e) | 714 | 123,982 | |||
Amadeus IT Group SA | 1,774 | 164,881 | |||
Banco Bilbao Vizcaya Argentaria SA | 25,188 | 160,615 | |||
Banco de Sabadell SA | 14,162 | 22,025 | |||
Banco Santander SA | 58,725 | 295,720 |
Security Description | Shares | Value | |||
CaixaBank SA | 5,468 | $ 25,011 | |||
Enagas SA | 2,744 | 74,101 | |||
Ferrovial SA | 4,566 | 94,772 | |||
Grifols SA | 779 | 21,951 | |||
Industria de Diseno Textil SA | 5,726 | 173,651 | |||
Mapfre SA | 7,841 | 24,608 | |||
Red Electrica Corp. SA | 11,354 | 237,905 | |||
Siemens Gamesa Renewable Energy SA (b)(c) | 2,808 | 35,550 | |||
Telefonica SA | 24,741 | 195,927 | |||
1,650,699 | |||||
SWEDEN — 0.9% | |||||
Alfa Laval AB | 1,423 | 38,562 | |||
Assa Abloy AB Class B | 5,560 | 111,691 | |||
Atlas Copco AB Class A | 441 | 12,705 | |||
Atlas Copco AB Class B | 3,191 | 85,093 | |||
Autoliv, Inc. (b) | 288 | 24,964 | |||
Boliden AB | 5,727 | 159,641 | |||
Epiroc AB Class A (c) | 416 | 4,645 | |||
Epiroc AB Class B (c) | 3,011 | 30,979 | |||
Hennes & Mauritz AB Class B (b) | 2,692 | 49,716 | |||
Hexagon AB Class B | 915 | 53,604 | |||
Industrivarden AB Class C | 3,754 | 83,369 | |||
Investor AB Class B | 3,334 | 153,969 | |||
Kinnevik AB Class B | 1,597 | 48,324 | |||
Modern Times Group MTG AB Class B | 76 | 2,786 | |||
Nordea Bank AB | 9,713 | 105,789 | |||
Sandvik AB | 2,620 | 46,474 | |||
Skandinaviska Enskilda Banken AB Class A | 2,447 | 27,306 | |||
Skanska AB Class B | 1,941 | 38,097 | |||
Svenska Handelsbanken AB Class A | 4,328 | 54,628 | |||
Telefonaktiebolaget LM Ericsson Class B | 12,104 | 107,359 | |||
Telia Co. AB | 12,451 | 57,150 | |||
Volvo AB Class B | 6,957 | 122,897 | |||
1,419,748 | |||||
SWITZERLAND — 2.5% | |||||
ABB, Ltd. | 5,836 | 138,551 | |||
Adecco Group AG | 965 | 50,917 | |||
Chocoladefabriken Lindt & Spruengli AG | 4 | 28,174 | |||
Cie Financiere Richemont SA | 1,985 | 162,572 | |||
Credit Suisse Group AG (c) | 6,192 | 93,501 | |||
EMS-Chemie Holding AG | 55 | 32,939 | |||
Ferguson PLC | 1,138 | 96,683 | |||
Geberit AG | 145 | 67,572 | |||
Givaudan SA | 66 | 163,040 | |||
Kuehne + Nagel International AG | 336 | 53,489 | |||
Lonza Group AG (c) | 131 | 44,927 | |||
Nestle SA | 11,311 | 947,447 | |||
Novartis AG | 7,738 | 668,599 | |||
Roche Holding AG | 2,519 | 613,117 | |||
SGS SA | 11 | 29,099 | |||
Sika AG | 1,017 | 148,781 | |||
STMicroelectronics NV | 2,307 | 41,989 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Swatch Group AG | 116 | $ 46,350 | |||
Swatch Group AG | 179 | 14,019 | |||
Swiss Life Holding AG (c) | 46 | 17,518 | |||
Swiss Re AG | 1,453 | 134,768 | |||
Swisscom AG | 155 | 70,677 | |||
TE Connectivity, Ltd. | 1,490 | 131,016 | |||
UBS Group AG (c) | 11,924 | 189,212 | |||
Vifor Pharma AG | 220 | 38,322 | |||
Zurich Insurance Group AG | 595 | 188,953 | |||
4,212,232 | |||||
TAIWAN — 1.3% | |||||
Acer, Inc. (c) | 37,000 | 30,598 | |||
Asustek Computer, Inc. | 5,000 | 43,232 | |||
Catcher Technology Co., Ltd. | 3,000 | 33,013 | |||
Cathay Financial Holding Co., Ltd. | 52,000 | 89,412 | |||
Chailease Holding Co., Ltd. | 12,240 | 42,894 | |||
China Development Financial Holding Corp. | 84,000 | 31,363 | |||
China Life Insurance Co., Ltd. | 21,857 | 21,977 | |||
Chunghwa Telecom Co., Ltd. | 24,000 | 86,464 | |||
CTBC Financial Holding Co., Ltd. | 96,359 | 72,586 | |||
Fubon Financial Holding Co., Ltd. | 39,000 | 66,165 | |||
Hiwin Technologies Corp. | 2,170 | 17,945 | |||
Hon Hai Precision Industry Co., Ltd. | 60,820 | 157,762 | |||
MediaTek, Inc. | 10,000 | 80,732 | |||
Mega Financial Holding Co., Ltd. | 64,922 | 58,473 | |||
Novatek Microelectronics Corp. | 4,000 | 19,782 | |||
President Chain Store Corp. | 3,000 | 35,224 | |||
Ruentex Development Co., Ltd. (c) | 35,000 | 40,980 | |||
Ruentex Industries, Ltd. (c) | 14,000 | 27,832 | |||
Shin Kong Financial Holding Co., Ltd. | 128,290 | 50,210 | |||
SinoPac Financial Holdings Co., Ltd. | 110,160 | 40,228 | |||
Synnex Technology International Corp. | 21,000 | 26,789 | |||
Taishin Financial Holding Co., Ltd. | 133,675 | 64,576 | |||
Taiwan Cooperative Financial Holding Co., Ltd. | 38,110 | 23,216 | |||
Taiwan Mobile Co., Ltd. | 7,000 | 25,104 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 95,000 | 816,739 | |||
Uni-President Enterprises Corp. | 37,000 | 96,581 | |||
Yageo Corp. | 1,198 | 18,009 | |||
Yuanta Financial Holding Co., Ltd. | 135,573 | 71,487 | |||
2,189,373 | |||||
THAILAND — 0.2% | |||||
Airports of Thailand PCL (g) | 47,600 | 96,407 | |||
Bangkok Bank PCL NVDR | 5,300 | 34,416 | |||
Bangkok Dusit Medical Services PCL NVDR | 30,200 | 23,813 | |||
Bangkok Expressway & Metro PCL | 90,100 | 24,238 | |||
CP ALL PCL (g) | 16,964 | 36,194 | |||
Kasikornbank PCL | 6,500 | 43,816 | |||
Kasikornbank PCL NVDR | 4,200 | 28,052 | |||
Krung Thai Bank PCL (g) | 77,600 | 48,470 |
Security Description | Shares | Value | |||
Siam Commercial Bank PCL (g) | 7,200 | $ 33,172 | |||
368,578 | |||||
TURKEY — 0.0% (a) | |||||
Akbank T.A.S. | 25,636 | 29,531 | |||
Turkiye Is Bankasi A/S Class C | 32,084 | 23,606 | |||
53,137 | |||||
UNITED ARAB EMIRATES — 0.1% | |||||
Emirates Telecommunications Group Co. PJSC | 14,509 | 65,967 | |||
NMC Health PLC | 474 | 20,979 | |||
86,946 | |||||
UNITED KINGDOM — 5.1% | |||||
3i Group PLC | 7,170 | 88,003 | |||
Ashtead Group PLC | 1,800 | 57,203 | |||
AstraZeneca PLC | 4,591 | 356,998 | |||
Aviva PLC | 20,479 | 130,724 | |||
BAE Systems PLC | 9,811 | 80,577 | |||
Barclays PLC | 62,990 | 141,104 | |||
Barratt Developments PLC | 6,964 | 51,492 | |||
Berkeley Group Holdings PLC | 696 | 33,391 | |||
British American Tobacco PLC ADR | 8,615 | 401,717 | |||
British Land Co. PLC REIT | 9,591 | 77,144 | |||
BT Group PLC | 36,897 | 108,404 | |||
Bunzl PLC | 1,650 | 51,920 | |||
Burberry Group PLC | 1,985 | 52,159 | |||
CNH Industrial NV | 3,629 | 43,626 | |||
Compass Group PLC | 8,238 | 183,272 | |||
ConvaTec Group PLC (e) | 9,681 | 29,339 | |||
Croda International PLC | 704 | 47,757 | |||
DCC PLC | 374 | 33,969 | |||
Diageo PLC | 10,346 | 366,839 | |||
Direct Line Insurance Group PLC | 4,786 | 20,215 | |||
Experian PLC | 5,441 | 139,814 | |||
Fiat Chrysler Automobiles NV (c) | 3,208 | 56,428 | |||
GlaxoSmithKline PLC | 19,189 | 384,560 | |||
GVC Holdings PLC | 3,148 | 37,706 | |||
Hammerson PLC REIT | 9,140 | 54,434 | |||
Hargreaves Lansdown PLC | 595 | 17,342 | |||
HSBC Holdings PLC | 75,744 | 661,588 | |||
Imperial Brands PLC | 4,914 | 171,160 | |||
Intertek Group PLC | 760 | 49,475 | |||
ITV PLC | 13,913 | 28,639 | |||
John Wood Group PLC | 11,427 | 114,979 | |||
Johnson Matthey PLC | 1,759 | 81,706 | |||
Kingfisher PLC | 10,665 | 35,882 | |||
Land Securities Group PLC REIT | 7,313 | 84,246 | |||
Legal & General Group PLC | 28,780 | 98,405 | |||
Liberty Global PLC Class A (c) | 1,817 | 52,566 | |||
Lloyds Banking Group PLC | 294,579 | 227,683 | |||
London Stock Exchange Group PLC | 919 | 54,960 | |||
Marks & Spencer Group PLC | 8,733 | 32,889 | |||
Meggitt PLC | 6,151 | 45,432 | |||
Melrose Industries PLC | 19,562 | 50,994 | |||
Merlin Entertainments PLC (e) | 5,246 | 27,392 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Micro Focus International PLC ADR (b) | 3,208 | $ 59,284 | |||
National Grid PLC | 8,604 | 88,795 | |||
Next PLC | 633 | 45,351 | |||
Pearson PLC | 3,705 | 43,000 | |||
Pentair PLC | 671 | 29,088 | |||
Persimmon PLC | 1,565 | 48,266 | |||
Prudential PLC | 9,912 | 227,428 | |||
Randgold Resources, Ltd. | 581 | 41,292 | |||
Reckitt Benckiser Group PLC | 2,879 | 263,406 | |||
RELX PLC | 5,773 | 121,657 | |||
RELX PLC | 4,683 | 98,424 | |||
Rolls-Royce Holdings PLC (c) | 8,195 | 105,520 | |||
Royal Bank of Scotland Group PLC | 10,911 | 35,571 | |||
Royal Mail PLC | 2,815 | 17,514 | |||
RSA Insurance Group PLC | 3,067 | 22,997 | |||
Sage Group PLC | 4,346 | 33,234 | |||
Schroders PLC | 934 | 37,697 | |||
Segro PLC REIT | 5,491 | 45,670 | |||
Severn Trent PLC | 5,109 | 123,188 | |||
Shire PLC | 3,312 | 199,690 | |||
Sky PLC | 4,571 | 103,062 | |||
Smith & Nephew PLC | 3,789 | 69,150 | |||
Smiths Group PLC | 1,482 | 28,902 | |||
St James's Place PLC | 1,847 | 27,554 | |||
Standard Chartered PLC | 13,364 | 110,907 | |||
Standard Life Aberdeen PLC | 14,994 | 59,812 | |||
Taylor Wimpey PLC | 20,584 | 46,116 | |||
TechnipFMC PLC | 5,631 | 177,245 | |||
Tesco PLC | 34,374 | 107,491 | |||
Travis Perkins PLC | 502 | 6,975 | |||
Unilever NV | 5,578 | 310,758 | |||
Unilever PLC | 4,491 | 246,909 | |||
United Utilities Group PLC | 18,793 | 172,529 | |||
Vodafone Group PLC | 132,067 | 283,305 | |||
Weir Group PLC | 1,447 | 33,267 | |||
Whitbread PLC | 937 | 57,637 | |||
WPP PLC | 5,867 | 86,034 | |||
8,478,858 | |||||
UNITED STATES — 54.8% | |||||
3M Co. | 2,174 | 458,084 | |||
Abbott Laboratories | 7,047 | 516,968 | |||
AbbVie, Inc. | 5,630 | 532,485 | |||
ABIOMED, Inc. (c) | 106 | 47,673 | |||
Activision Blizzard, Inc. | 2,479 | 206,228 | |||
Acuity Brands, Inc. | 200 | 31,440 | |||
Adobe Systems, Inc. (c) | 1,711 | 461,884 | |||
Advance Auto Parts, Inc. | 234 | 39,389 | |||
Advanced Micro Devices, Inc. (b)(c) | 3,709 | 114,571 | |||
Aetna, Inc. | 1,296 | 262,894 | |||
Aflac, Inc. | 4,021 | 189,268 | |||
AGCO Corp. | 415 | 25,228 | |||
Agilent Technologies, Inc. | 1,411 | 99,532 | |||
AGNC Investment Corp. REIT | 2,745 | 51,139 | |||
Akamai Technologies, Inc. (c) | 682 | 49,888 | |||
Albemarle Corp. (b) | 483 | 48,194 | |||
Alexandria Real Estate Equities, Inc. REIT | 276 | 34,718 |
Security Description | Shares | Value | |||
Alexion Pharmaceuticals, Inc. (c) | 705 | $ 98,002 | |||
Align Technology, Inc. (c) | 276 | 107,977 | |||
Alleghany Corp. | 31 | 20,228 | |||
Allegion PLC | 424 | 38,402 | |||
Allergan PLC | 1,212 | 230,862 | |||
Alliance Data Systems Corp. | 180 | 42,509 | |||
Allstate Corp. | 1,232 | 121,598 | |||
Ally Financial, Inc. | 2,831 | 74,880 | |||
Alphabet, Inc. Class A (c) | 1,226 | 1,479,880 | |||
Alphabet, Inc. Class C (c) | 937 | 1,118,281 | |||
Altice USA, Inc. Class A | 505 | 9,168 | |||
Altra Industrial Motion Corp. | 60 | 2,466 | |||
Altria Group, Inc. | 7,489 | 451,662 | |||
Amazon.com, Inc. (c) | 1,457 | 2,918,371 | |||
AMERCO | 106 | 37,805 | |||
American Express Co. | 3,245 | 345,560 | |||
American International Group, Inc. | 5,272 | 280,681 | |||
American Tower Corp. REIT | 1,649 | 239,600 | |||
American Water Works Co., Inc. | 4,023 | 353,903 | |||
Ameriprise Financial, Inc. | 517 | 76,340 | |||
AmerisourceBergen Corp. | 848 | 78,203 | |||
AMETEK, Inc. | 1,035 | 81,889 | |||
Amgen, Inc. | 2,587 | 536,259 | |||
Amphenol Corp. Class A | 278 | 26,138 | |||
Analog Devices, Inc. | 1,751 | 161,897 | |||
Andeavor | 1,166 | 178,981 | |||
Annaly Capital Management, Inc. REIT | 6,297 | 64,418 | |||
ANSYS, Inc. (c) | 140 | 26,135 | |||
Anthem, Inc. | 1,063 | 291,315 | |||
AO Smith Corp. | 945 | 50,435 | |||
Aon PLC | 1,130 | 173,771 | |||
Apple, Inc. | 18,042 | 4,072,801 | |||
Applied Materials, Inc. | 3,845 | 148,609 | |||
Aptiv PLC | 1,009 | 84,655 | |||
Arista Networks, Inc. (c) | 75 | 19,940 | |||
Arthur J Gallagher & Co. | 618 | 46,004 | |||
AT&T, Inc. | 26,431 | 887,553 | |||
Athene Holding, Ltd. Class A (c) | 500 | 25,830 | |||
Atmos Energy Corp. | 3,701 | 347,561 | |||
Autodesk, Inc. (c) | 817 | 127,542 | |||
Automatic Data Processing, Inc. | 1,788 | 269,380 | |||
AutoZone, Inc. (c) | 126 | 97,738 | |||
AvalonBay Communities, Inc. REIT | 522 | 94,560 | |||
Avery Dennison Corp. | 599 | 64,902 | |||
Avnet, Inc. | 1,025 | 45,889 | |||
Axalta Coating Systems, Ltd. (c) | 2,698 | 78,674 | |||
Baker Hughes a GE Co. | 5,112 | 172,939 | |||
Ball Corp. | 1,075 | 47,289 | |||
Bank of America Corp. | 35,067 | 1,033,074 | |||
Bank of New York Mellon Corp. | 3,802 | 193,864 | |||
Baxter International, Inc. | 1,582 | 121,956 | |||
BB&T Corp. | 3,224 | 156,493 | |||
Becton Dickinson and Co. | 923 | 240,903 | |||
Berkshire Hathaway, Inc. Class B (c) | 3,934 | 842,309 | |||
Best Buy Co., Inc. | 944 | 74,916 | |||
Biogen, Inc. (c) | 681 | 240,604 | |||
BioMarin Pharmaceutical, Inc. (c) | 307 | 29,770 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
BlackRock, Inc. | 519 | $ 244,620 | |||
Boeing Co. | 2,153 | 800,701 | |||
Booking Holdings, Inc. (c) | 198 | 392,832 | |||
BorgWarner, Inc. | 724 | 30,973 | |||
Boston Properties, Inc. REIT | 414 | 50,959 | |||
Boston Scientific Corp. (c) | 5,239 | 201,701 | |||
Brighthouse Financial, Inc. (c) | 741 | 32,782 | |||
Bristol-Myers Squibb Co. | 5,833 | 362,113 | |||
Broadcom, Inc. | 1,615 | 398,469 | |||
Broadridge Financial Solutions, Inc. | 200 | 26,390 | |||
Brookfield Property REIT, Inc. Class A, | 672 | 14,065 | |||
Brown-Forman Corp. Class B | 1,256 | 63,491 | |||
C.H. Robinson Worldwide, Inc. | 343 | 33,587 | |||
CA, Inc. | 1,455 | 64,238 | |||
Cadence Design Systems, Inc. (c) | 767 | 34,760 | |||
Capital One Financial Corp. | 2,099 | 199,258 | |||
Cardinal Health, Inc. | 1,224 | 66,096 | |||
CarMax, Inc. (c) | 753 | 56,227 | |||
Caterpillar, Inc. | 2,314 | 352,862 | |||
Cboe Global Markets, Inc. | 212 | 20,344 | |||
CBRE Group, Inc. Class A (c) | 1,899 | 83,746 | |||
CDW Corp. | 318 | 28,277 | |||
Celgene Corp. (c) | 2,447 | 218,982 | |||
Centene Corp. (c) | 624 | 90,343 | |||
CenturyLink, Inc. | 3,601 | 76,341 | |||
Cerner Corp. (c) | 1,541 | 99,256 | |||
Charles Schwab Corp. | 3,385 | 166,373 | |||
Charter Communications, Inc. Class A (c) | 597 | 194,550 | |||
Chemours Co. | 1,272 | 50,168 | |||
Cheniere Energy, Inc. (c) | 4,423 | 307,354 | |||
Chipotle Mexican Grill, Inc. (c) | 108 | 49,088 | |||
Chubb, Ltd. | 1,921 | 256,722 | |||
Church & Dwight Co., Inc. | 555 | 32,950 | |||
Cigna Corp. | 1,053 | 219,287 | |||
Cincinnati Financial Corp. | 482 | 37,022 | |||
Cintas Corp. | 442 | 87,432 | |||
Cisco Systems, Inc. | 17,875 | 869,619 | |||
CIT Group, Inc. | 1,272 | 65,648 | |||
Citigroup, Inc. | 9,959 | 714,459 | |||
Citizens Financial Group, Inc. | 2,430 | 93,725 | |||
Citrix Systems, Inc. (c) | 471 | 52,356 | |||
Clorox Co. | 408 | 61,367 | |||
CME Group, Inc. | 959 | 163,231 | |||
Coca-Cola Co. | 17,332 | 800,565 | |||
Cognizant Technology Solutions Corp. Class A | 2,243 | 173,047 | |||
Colgate-Palmolive Co. | 3,283 | 219,797 | |||
Comcast Corp. Class A | 16,710 | 591,701 | |||
Comerica, Inc. | 336 | 30,307 | |||
Concho Resources, Inc. (c) | 212 | 32,383 | |||
Consolidated Edison, Inc. | 4,288 | 326,703 | |||
Constellation Brands, Inc. Class A | 695 | 149,856 | |||
Cooper Cos., Inc. | 180 | 49,887 | |||
Copart, Inc. (c) | 954 | 49,160 | |||
Corning, Inc. | 2,276 | 80,343 | |||
CoStar Group, Inc. (c) | 175 | 73,647 |
Security Description | Shares | Value | |||
Costco Wholesale Corp. | 1,985 | $ 466,237 | |||
Coty, Inc. Class A (b) | 2,787 | 35,005 | |||
Crown Castle International Corp. REIT | 1,752 | 195,050 | |||
CSX Corp. | 2,897 | 214,523 | |||
Cummins, Inc. | 535 | 78,147 | |||
CVS Health Corp. | 4,332 | 341,015 | |||
D.R. Horton, Inc. | 1,364 | 57,534 | |||
Danaher Corp. | 2,493 | 270,889 | |||
DaVita, Inc. (c) | 590 | 42,262 | |||
Deere & Co. | 966 | 145,219 | |||
Dell Technologies, Inc. Class V (c) | 687 | 66,721 | |||
Delphi Technologies PLC | 307 | 9,628 | |||
DENTSPLY SIRONA, Inc. | 1,230 | 46,420 | |||
Diamondback Energy, Inc. (b) | 1,350 | 182,506 | |||
Digital Realty Trust, Inc. REIT | 483 | 54,328 | |||
Discover Financial Services | 1,190 | 90,975 | |||
Discovery, Inc. Class A (c) | 1,444 | 46,208 | |||
DISH Network Corp. Class A (c) | 800 | 28,608 | |||
Dollar General Corp. | 991 | 108,316 | |||
Dollar Tree, Inc. (c) | 954 | 77,799 | |||
Domino's Pizza, Inc. | 276 | 81,365 | |||
Dover Corp. | 637 | 56,394 | |||
DowDuPont, Inc. | 7,206 | 463,418 | |||
DXC Technology Co. | 1,181 | 110,447 | |||
E*TRADE Financial Corp. (c) | 355 | 18,598 | |||
Eaton Corp. PLC | 1,732 | 150,216 | |||
eBay, Inc. (c) | 3,840 | 126,797 | |||
Ecolab, Inc. | 2,243 | 351,658 | |||
Edison International | 2,645 | 179,014 | |||
Edwards Lifesciences Corp. (c) | 719 | 125,178 | |||
Electronic Arts, Inc. (c) | 1,009 | 121,574 | |||
Eli Lilly & Co. | 3,457 | 370,971 | |||
Emerson Electric Co. | 2,796 | 214,118 | |||
EOG Resources, Inc. | 636 | 81,135 | |||
Equifax, Inc. | 648 | 84,609 | |||
Equinix, Inc. REIT | 309 | 133,763 | |||
Equity Residential REIT | 1,421 | 94,155 | |||
Essex Property Trust, Inc. REIT | 201 | 49,589 | |||
Estee Lauder Cos., Inc. Class A | 1,117 | 162,322 | |||
Everest Re Group, Ltd. | 139 | 31,757 | |||
Eversource Energy | 9,134 | 561,193 | |||
Expedia Group, Inc. | 709 | 92,510 | |||
Expeditors International of Washington, Inc. | 1,720 | 126,472 | |||
Express Scripts Holding Co. (c) | 2,695 | 256,052 | |||
Extra Space Storage, Inc. REIT | 237 | 20,534 | |||
Facebook, Inc. Class A (c) | 8,335 | 1,370,774 | |||
Fastenal Co. | 1,190 | 69,044 | |||
FedEx Corp. | 212 | 51,047 | |||
Fidelity National Financial, Inc. | 1,192 | 46,905 | |||
Fidelity National Information Services, Inc. | 1,538 | 167,750 | |||
Fifth Third Bancorp | 2,503 | 69,884 | |||
First Data Corp. Class A (c) | 1,612 | 39,446 | |||
First Republic Bank | 245 | 23,520 | |||
Fiserv, Inc. (c) | 1,600 | 131,808 | |||
FleetCor Technologies, Inc. (c) | 354 | 80,655 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
FLIR Systems, Inc. | 415 | $ 25,510 | |||
Flowserve Corp. | 741 | 40,525 | |||
Fluor Corp. | 1,516 | 88,080 | |||
FMC Corp. | 848 | 73,929 | |||
Ford Motor Co. | 11,880 | 109,890 | |||
Fortinet, Inc. (c) | 555 | 51,210 | |||
Fortive Corp. | 1,164 | 98,009 | |||
Franklin Resources, Inc. | 1,152 | 35,032 | |||
Freeport-McMoRan, Inc. | 6,744 | 93,876 | |||
Garmin, Ltd. | 592 | 41,470 | |||
Gartner, Inc. (b)(c) | 212 | 33,602 | |||
General Dynamics Corp. | 1,112 | 227,649 | |||
General Electric Co. | 33,488 | 378,080 | |||
General Mills, Inc. | 2,131 | 91,463 | |||
General Motors Co. | 3,783 | 127,374 | |||
Genuine Parts Co. | 415 | 41,251 | |||
Gilead Sciences, Inc. | 4,800 | 370,608 | |||
Global Payments, Inc. | 449 | 57,203 | |||
Goldman Sachs Group, Inc. | 1,436 | 322,009 | |||
Halliburton Co. | 7,706 | 312,324 | |||
Harley-Davidson, Inc. | 881 | 39,909 | |||
Harris Corp. | 450 | 76,144 | |||
Hartford Financial Services Group, Inc. | 1,564 | 78,137 | |||
Hasbro, Inc. | 556 | 58,447 | |||
HCA Healthcare, Inc. | 411 | 57,178 | |||
HD Supply Holdings, Inc. (c) | 822 | 35,173 | |||
Helmerich & Payne, Inc. | 2,266 | 155,833 | |||
Henry Schein, Inc. (c) | 300 | 25,509 | |||
Hershey Co. | 581 | 59,262 | |||
Hewlett Packard Enterprise Co. | 6,450 | 105,199 | |||
Hilton Worldwide Holdings, Inc. | 106 | 8,563 | |||
HollyFrontier Corp. | 2,967 | 207,393 | |||
Hologic, Inc. (c) | 755 | 30,940 | |||
Home Depot, Inc. | 4,500 | 932,175 | |||
Honeywell International, Inc. | 3,235 | 538,304 | |||
Host Hotels & Resorts, Inc. REIT | 3,632 | 76,635 | |||
HP, Inc. | 6,870 | 177,040 | |||
Humana, Inc. | 526 | 178,062 | |||
Huntington Bancshares, Inc. | 2,597 | 38,747 | |||
Huntington Ingalls Industries, Inc. | 88 | 22,535 | |||
IDEXX Laboratories, Inc. (c) | 276 | 68,906 | |||
IHS Markit, Ltd. (c) | 2,246 | 121,194 | |||
Illinois Tool Works, Inc. | 1,387 | 195,733 | |||
Illumina, Inc. (c) | 486 | 178,391 | |||
Incyte Corp. (c) | 552 | 38,132 | |||
Ingersoll-Rand PLC | 925 | 94,627 | |||
Intel Corp. | 17,692 | 836,655 | |||
Intercontinental Exchange, Inc. | 1,652 | 123,718 | |||
International Business Machines Corp. | 3,741 | 565,677 | |||
International Flavors & Fragrances, Inc. | 776 | 107,957 | |||
Interpublic Group of Cos., Inc. | 1,093 | 24,997 | |||
Intuit, Inc. | 919 | 208,981 | |||
Intuitive Surgical, Inc. (c) | 445 | 255,430 | |||
Invesco, Ltd. | 1,177 | 26,930 | |||
IPG Photonics Corp. (c) | 106 | 16,543 |
Security Description | Shares | Value | |||
IQVIA Holdings, Inc. (c) | 460 | $ 59,680 | |||
J.M. Smucker Co. | 542 | 55,615 | |||
Jack Henry & Associates, Inc. | 306 | 48,984 | |||
Jacobs Engineering Group, Inc. | 1,906 | 145,809 | |||
Johnson & Johnson | 10,131 | 1,399,800 | |||
Johnson Controls International PLC | 3,669 | 128,415 | |||
Jones Lang LaSalle, Inc. | 276 | 39,832 | |||
JPMorgan Chase & Co. | 12,184 | 1,374,843 | |||
Juniper Networks, Inc. | 834 | 24,995 | |||
Kellogg Co. | 459 | 32,139 | |||
KeyCorp | 3,016 | 59,988 | |||
Kimco Realty Corp. REIT | 2,858 | 47,843 | |||
Kinder Morgan, Inc. | 6,887 | 122,107 | |||
KLA-Tencor Corp. | 382 | 38,853 | |||
Kraft Heinz Co. | 3,320 | 182,965 | |||
L Brands, Inc. | 936 | 28,361 | |||
L3 Technologies, Inc. | 416 | 88,450 | |||
Laboratory Corp. of America Holdings (c) | 302 | 52,451 | |||
Lam Research Corp. | 512 | 77,670 | |||
Las Vegas Sands Corp. | 1,788 | 106,082 | |||
Lear Corp. | 106 | 15,370 | |||
Leidos Holdings, Inc. | 556 | 38,453 | |||
Lennar Corp. Class A | 828 | 38,659 | |||
Lennox International, Inc. | 212 | 46,301 | |||
Liberty Media Corp.-Liberty Formula One Class C (b)(c) | 1,166 | 43,364 | |||
Liberty Media Corp.-Liberty SiriusXM Class A (c) | 500 | 21,720 | |||
Liberty Media Corp.-Liberty SiriusXM Class C (c) | 397 | 17,250 | |||
Lincoln National Corp. | 732 | 49,527 | |||
LKQ Corp. (c) | 1,334 | 42,248 | |||
Lockheed Martin Corp. | 1,003 | 346,998 | |||
Loews Corp. | 1,484 | 74,541 | |||
Lowe's Cos., Inc. | 3,143 | 360,879 | |||
Lululemon Athletica, Inc. (c) | 415 | 67,433 | |||
M&T Bank Corp. | 464 | 76,347 | |||
Macerich Co. REIT | 302 | 16,698 | |||
Macy's, Inc. | 700 | 24,311 | |||
ManpowerGroup, Inc. | 641 | 55,100 | |||
Marathon Petroleum Corp. | 2,331 | 186,410 | |||
Markel Corp. (c) | 19 | 22,581 | |||
Marriott International, Inc. Class A | 271 | 35,780 | |||
Marsh & McLennan Cos., Inc. | 2,556 | 211,432 | |||
Masco Corp. | 1,788 | 65,441 | |||
Mastercard, Inc. Class A | 3,512 | 781,806 | |||
Mattel, Inc. (b)(c) | 1,500 | 23,550 | |||
Maxim Integrated Products, Inc. | 795 | 44,830 | |||
McCormick & Co., Inc. (b) | 571 | 75,229 | |||
McDonald's Corp. | 3,282 | 549,046 | |||
McKesson Corp. | 937 | 124,293 | |||
Medtronic PLC | 5,031 | 494,899 | |||
Merck & Co., Inc. | 10,335 | 733,165 | |||
MetLife, Inc. | 3,917 | 183,002 | |||
Mettler-Toledo International, Inc. (c) | 106 | 64,552 | |||
MGM Resorts International | 2,077 | 57,969 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Michael Kors Holdings, Ltd. (c) | 778 | $ 53,340 | |||
Microchip Technology, Inc. (b) | 767 | 60,524 | |||
Micron Technology, Inc. (c) | 4,093 | 185,126 | |||
Microsoft Corp. | 26,598 | 3,042,013 | |||
Molson Coors Brewing Co. Class B | 1,080 | 66,420 | |||
Mondelez International, Inc. Class A | 6,425 | 276,018 | |||
Monster Beverage Corp. (c) | 1,615 | 94,122 | |||
Moody's Corp. | 644 | 107,677 | |||
Morgan Stanley | 4,726 | 220,090 | |||
Motorola Solutions, Inc. | 414 | 53,878 | |||
MSCI, Inc. | 312 | 55,352 | |||
Mylan NV (c) | 1,788 | 65,441 | |||
Nasdaq, Inc. | 54 | 4,633 | |||
National Oilwell Varco, Inc. | 4,353 | 187,527 | |||
Nektar Therapeutics (c) | 636 | 38,771 | |||
NetApp, Inc. | 1,093 | 93,878 | |||
Netflix, Inc. (c) | 1,667 | 623,675 | |||
Newell Brands, Inc. (b) | 1,328 | 26,958 | |||
News Corp. Class A | 2,321 | 30,614 | |||
Nielsen Holdings PLC | 2,302 | 63,673 | |||
NIKE, Inc. Class B | 5,205 | 440,968 | |||
Norfolk Southern Corp. | 942 | 170,031 | |||
Northern Trust Corp. | 583 | 59,542 | |||
Northrop Grumman Corp. | 629 | 199,626 | |||
NVIDIA Corp. | 2,164 | 608,127 | |||
NVR, Inc. (c) | 11 | 27,179 | |||
Old Dominion Freight Line, Inc. | 424 | 68,374 | |||
Omnicom Group, Inc. | 681 | 46,322 | |||
ONEOK, Inc. | 10,261 | 695,593 | |||
Oracle Corp. | 12,175 | 627,743 | |||
O'Reilly Automotive, Inc. (c) | 378 | 131,287 | |||
PACCAR, Inc. | 1,258 | 85,783 | |||
Palo Alto Networks, Inc. (c) | 357 | 80,418 | |||
Parker-Hannifin Corp. | 376 | 69,158 | |||
Paychex, Inc. | 1,516 | 111,653 | |||
PayPal Holdings, Inc. (c) | 4,374 | 384,212 | |||
People's United Financial, Inc. | 1,060 | 18,147 | |||
PepsiCo, Inc. | 5,117 | 572,081 | |||
Perrigo Co. PLC (b) | 399 | 28,249 | |||
Pfizer, Inc. | 21,952 | 967,425 | |||
PG&E Corp. (c) | 2,285 | 105,133 | |||
Philip Morris International, Inc. | 6,027 | 491,442 | |||
Phillips 66 | 7,080 | 798,058 | |||
Pioneer Natural Resources Co. | 989 | 172,274 | |||
PNC Financial Services Group, Inc. | 1,985 | 270,337 | |||
Polaris Industries, Inc. (b) | 304 | 30,689 | |||
PPG Industries, Inc. | 1,802 | 196,652 | |||
Principal Financial Group, Inc. | 1,366 | 80,034 | |||
Procter & Gamble Co. | 9,839 | 818,900 | |||
Progressive Corp. | 1,576 | 111,959 | |||
Prologis, Inc. REIT | 2,403 | 162,899 | |||
Prudential Financial, Inc. | 1,888 | 191,292 | |||
Public Storage REIT | 595 | 119,970 | |||
PulteGroup, Inc. | 834 | 20,658 | |||
PVH Corp. | 254 | 36,678 | |||
Qorvo, Inc. (c) | 322 | 24,759 | |||
QUALCOMM, Inc. (b) | 5,859 | 422,024 |
Security Description | Shares | Value | |||
Quest Diagnostics, Inc. | 540 | $ 58,271 | |||
Qurate Retail, Inc. (c) | 2,212 | 49,129 | |||
Ralph Lauren Corp. | 294 | 40,440 | |||
Raytheon Co. | 1,240 | 256,258 | |||
Realty Income Corp. REIT | 357 | 20,310 | |||
Red Hat, Inc. (c) | 504 | 68,685 | |||
Regeneron Pharmaceuticals, Inc. (c) | 270 | 109,091 | |||
Regions Financial Corp. | 4,250 | 77,987 | |||
ResMed, Inc. | 450 | 51,903 | |||
Robert Half International, Inc. | 1,018 | 71,647 | |||
Rockwell Automation, Inc. | 429 | 80,446 | |||
Rockwell Collins, Inc. | 697 | 97,908 | |||
Rollins, Inc. | 636 | 38,599 | |||
Roper Technologies, Inc. | 489 | 144,847 | |||
Ross Stores, Inc. | 1,207 | 119,614 | |||
S&P Global, Inc. | 883 | 172,529 | |||
Sabre Corp. | 1,664 | 43,397 | |||
salesforce.com, Inc. (c) | 2,317 | 368,473 | |||
SBA Communications Corp. REIT (c) | 567 | 91,077 | |||
Schlumberger, Ltd. | 9,244 | 563,144 | |||
Seagate Technology PLC | 1,009 | 47,776 | |||
Sealed Air Corp. | 1,185 | 47,578 | |||
SEI Investments Co. | 106 | 6,477 | |||
Sempra Energy (b) | 1,696 | 192,920 | |||
Sensata Technologies Holding PLC (b)(c) | 1,096 | 54,307 | |||
ServiceNow, Inc. (c) | 543 | 106,227 | |||
Sherwin-Williams Co. | 562 | 255,828 | |||
Simon Property Group, Inc. REIT | 1,293 | 228,538 | |||
Sirius XM Holdings, Inc. (b) | 3,631 | 22,948 | |||
Skyworks Solutions, Inc. | 684 | 62,046 | |||
SL Green Realty Corp. REIT | 410 | 39,987 | |||
Snap-on, Inc. | 360 | 66,096 | |||
Spirit AeroSystems Holdings, Inc. Class A | 530 | 48,585 | |||
Splunk, Inc. (c) | 499 | 60,334 | |||
Sprint Corp. (c) | 4,168 | 27,259 | |||
Square, Inc. Class A (c) | 1,060 | 104,951 | |||
SS&C Technologies Holdings, Inc. | 530 | 30,120 | |||
Stanley Black & Decker, Inc. | 819 | 119,934 | |||
Starbucks Corp. | 6,142 | 349,111 | |||
State Street Corp. (h) | 1,224 | 102,547 | |||
Stryker Corp. | 1,402 | 249,107 | |||
SunTrust Banks, Inc. | 2,131 | 142,329 | |||
SVB Financial Group (c) | 212 | 65,896 | |||
Symantec Corp. | 2,312 | 49,199 | |||
Synchrony Financial | 3,056 | 94,980 | |||
Synopsys, Inc. (c) | 377 | 37,176 | |||
Sysco Corp. | 2,405 | 176,166 | |||
T Rowe Price Group, Inc. | 877 | 95,751 | |||
Take-Two Interactive Software, Inc. (c) | 530 | 73,135 | |||
Tapestry, Inc. | 1,057 | 53,135 | |||
Target Corp. | 1,470 | 129,669 | |||
TD Ameritrade Holding Corp. | 868 | 45,856 | |||
Teleflex, Inc. | 140 | 37,253 | |||
Tesla, Inc. (c) | 586 | 155,155 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Texas Instruments, Inc. | 3,881 | $ 416,392 | |||
Textron, Inc. | 762 | 54,460 | |||
Thermo Fisher Scientific, Inc. | 1,508 | 368,073 | |||
Tiffany & Co. | 576 | 74,287 | |||
TJX Cos., Inc. | 2,305 | 258,206 | |||
T-Mobile US, Inc. (c) | 464 | 32,564 | |||
Toll Brothers, Inc. | 964 | 31,841 | |||
Total System Services, Inc. | 603 | 59,540 | |||
Tractor Supply Co. | 450 | 40,896 | |||
TransDigm Group, Inc. (c) | 232 | 86,374 | |||
TransUnion | 742 | 54,596 | |||
Travelers Cos., Inc. | 1,198 | 155,393 | |||
Trimble, Inc. (c) | 1,165 | 50,631 | |||
TripAdvisor, Inc. (b)(c) | 202 | 10,316 | |||
Twenty-First Century Fox, Inc. Class A | 3,269 | 151,453 | |||
Twenty-First Century Fox, Inc. Class B | 2,019 | 92,511 | |||
Twitter, Inc. (c) | 2,540 | 72,288 | |||
Ulta Salon Cosmetics & Fragrance, Inc. (c) | 182 | 51,346 | |||
Under Armour, Inc. Class A (b)(c) | 1,414 | 30,005 | |||
Under Armour, Inc. Class C (b)(c) | 915 | 17,806 | |||
Union Pacific Corp. | 2,957 | 481,488 | |||
United Parcel Service, Inc. Class B | 1,845 | 215,404 | |||
United Rentals, Inc. (c) | 380 | 62,168 | |||
United Technologies Corp. | 3,446 | 481,785 | |||
UnitedHealth Group, Inc. | 3,624 | 964,129 | |||
US Bancorp | 5,521 | 291,564 | |||
Vail Resorts, Inc. | 106 | 29,089 | |||
Valero Energy Corp. | 4,687 | 533,146 | |||
Varian Medical Systems, Inc. (c) | 238 | 26,639 | |||
Veeva Systems, Inc. Class A (c) | 502 | 54,653 | |||
Ventas, Inc. REIT | 863 | 46,930 | |||
VEREIT, Inc. | 5,014 | 36,402 | |||
Verisk Analytics, Inc. (c) | 876 | 105,602 | |||
Verizon Communications, Inc. | 14,888 | 794,870 | |||
Vertex Pharmaceuticals, Inc. (c) | 918 | 176,935 | |||
VF Corp. | 1,315 | 122,887 | |||
Visa, Inc. Class A | 6,876 | 1,032,019 | |||
VMware, Inc. Class A (c) | 324 | 50,563 | |||
Voya Financial, Inc. | 1,089 | 54,091 | |||
Vulcan Materials Co. | 636 | 70,723 | |||
W.W. Grainger, Inc. | 236 | 84,349 | |||
Wabtec Corp. | 455 | 47,720 | |||
Walmart, Inc. | 5,558 | 521,952 | |||
Walgreens Boots Alliance, Inc. | 3,976 | 289,850 | |||
Walt Disney Co. | 5,904 | 690,414 | |||
Waters Corp. (c) | 272 | 52,953 | |||
Wells Fargo & Co. | 16,835 | 884,848 | |||
Welltower, Inc. REIT | 1,637 | 105,292 | |||
Western Digital Corp. | 1,163 | 68,082 | |||
Western Union Co. | 2,424 | 46,201 | |||
Weyerhaeuser Co. REIT | 3,434 | 110,815 | |||
Whirlpool Corp. | 216 | 25,650 | |||
Willis Towers Watson PLC | 443 | 62,436 | |||
Workday, Inc. Class A (c) | 377 | 55,034 | |||
Worldpay, Inc. Class A | 180 | 18,229 |
Security Description | Shares | Value | |||
Worldpay, Inc. Class A | 763 | $ 76,992 | |||
Wyndham Destinations, Inc. | 12 | 520 | |||
Wynn Resorts, Ltd. | 412 | 52,349 | |||
Xerox Corp. | 1,654 | 44,625 | |||
Xilinx, Inc. | 1,199 | 96,124 | |||
XPO Logistics, Inc. (c) | 318 | 36,306 | |||
Xylem, Inc. | 1,609 | 128,511 | |||
Yum! Brands, Inc. | 300 | 27,273 | |||
Zayo Group Holdings, Inc. (c) | 848 | 29,443 | |||
Zillow Group, Inc. Class C (b)(c) | 492 | 21,771 | |||
Zimmer Biomet Holdings, Inc. | 723 | 95,053 | |||
Zions Bancorp | 318 | 15,948 | |||
Zoetis, Inc. | 1,587 | 145,306 | |||
90,927,040 | |||||
TOTAL COMMON STOCKS (Cost $132,579,776) | 165,130,048 |
SHORT-TERM INVESTMENTS — 1.2% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (i) (j) | 258,097 | 258,097 | |
State Street Navigator Securities Lending Government Money Market Portfolio (i) (k) | 1,758,501 | 1,758,501 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $2,016,598) | 2,016,598 | ||
TOTAL INVESTMENTS — 100.7% (Cost $134,596,374) | 167,146,646 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.7)% | (1,184,914) | ||
NET ASSETS — 100.0% | $ 165,961,732 |
Table of Contents
SCHEDULE OF INVESTMENTS
(a) | Amount is less than 0.05% of net assets. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Non-income producing security. |
(d) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.4% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(f) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(g) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $214,243 representing 0.2% of net assets. |
(h) | The Fund invested in an affiliated entity, State Street Corp. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(j) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(k) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Argentina | $ 47,666 | $ — | $— | $ 47,666 | ||||
Australia | 3,135,805 | — | — | 3,135,805 | ||||
Austria | 92,063 | — | — | 92,063 | ||||
Belgium | 346,775 | — | — | 346,775 | ||||
Bermuda | 45,374 | — | — | 45,374 | ||||
Brazil | 1,118,436 | — | — | 1,118,436 | ||||
Canada | 5,369,582 | — | — | 5,369,582 | ||||
Chile | 296,679 | — | — | 296,679 | ||||
China | 5,355,668 | — | — | 5,355,668 | ||||
Colombia | 426,968 | — | — | 426,968 | ||||
Denmark | 751,236 | — | — | 751,236 | ||||
Finland | 412,564 | — | — | 412,564 | ||||
France | 5,907,112 | — | — | 5,907,112 | ||||
Germany | 4,794,147 | — | — | 4,794,147 | ||||
Hong Kong | 1,898,389 | — | 0(a) | 1,898,389 | ||||
Hungary | 35,429 | — | — | 35,429 | ||||
India | 1,562,550 | — | — | 1,562,550 | ||||
Indonesia | 384,059 | — | — | 384,059 | ||||
Ireland | 621,196 | — | — | 621,196 | ||||
Israel | 305,773 | — | — | 305,773 | ||||
Italy | 895,984 | — | — | 895,984 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Japan | $ 12,612,130 | $ — | $— | $ 12,612,130 | ||||
Luxembourg | 115,256 | — | — | 115,256 | ||||
Macau | 32,573 | — | — | 32,573 | ||||
Malaysia | 514,284 | — | — | 514,284 | ||||
Mexico | 681,606 | — | — | 681,606 | ||||
Netherlands | 1,718,839 | — | — | 1,718,839 | ||||
New Zealand | 99,588 | — | — | 99,588 | ||||
Norway | 552,647 | — | — | 552,647 | ||||
Peru | 220,284 | — | — | 220,284 | ||||
Philippines | 57,851 | — | — | 57,851 | ||||
Poland | 138,989 | — | — | 138,989 | ||||
Portugal | 217,219 | — | — | 217,219 | ||||
Qatar | 209,445 | — | — | 209,445 | ||||
Romania | 32,373 | — | — | 32,373 | ||||
Russia | 338,822 | — | — | 338,822 | ||||
Singapore | 670,284 | — | — | 670,284 | ||||
South Africa | 1,152,130 | — | — | 1,152,130 | ||||
South Korea | 2,575,662 | — | — | 2,575,662 | ||||
Spain | 1,650,699 | — | — | 1,650,699 | ||||
Sweden | 1,419,748 | — | — | 1,419,748 | ||||
Switzerland | 4,212,232 | — | — | 4,212,232 | ||||
Taiwan | 2,189,373 | — | — | 2,189,373 | ||||
Thailand | 154,335 | 214,243 | — | 368,578 | ||||
Turkey | 53,137 | — | — | 53,137 | ||||
United Arab Emirates | 86,946 | — | — | 86,946 | ||||
United Kingdom | 8,478,858 | — | — | 8,478,858 | ||||
United States | 90,927,040 | — | — | 90,927,040 | ||||
Short-Term Investments | 2,016,598 | — | — | 2,016,598 | ||||
TOTAL INVESTMENTS | $166,932,403 | $214,243 | $— | $167,146,646 |
(a) | Fund held a Level 3 security that was valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Corp. | 1,555 | $148,565 | $ 6,772 | $ 38,138 | $6,070 | $(20,722) | 1,224 | $ 102,547 | $ 2,060 | $— | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 215,632 | 215,632 | 5,478,743 | 5,436,278 | — | — | 258,097 | 258,097 | 3,128 | — | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 378,038 | 378,038 | 19,798,344 | 18,417,881 | — | — | 1,758,501 | 1,758,501 | 16,378 | — | |||||||||
Total | $742,235 | $25,283,859 | $23,892,297 | $6,070 | $(20,722) | $2,119,145 | $21,566 | $— |
47 | ARLOWC |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.4% | |||||
BRAZIL — 4.1% | |||||
Ambev SA ADR | 462,220 | $ 2,112,345 | |||
Ambev SA | 13,956 | 64,092 | |||
Atacadao Distribuicao Comercio e Industria Ltda | 7,644 | 28,348 | |||
B3 SA - Brasil Bolsa Balcao | 19,565 | 114,640 | |||
Banco Bradesco SA Preference Shares | 69,052 | 495,730 | |||
Banco Bradesco SA | 22,963 | 148,063 | |||
Banco do Brasil SA | 29,243 | 215,649 | |||
Banco Santander Brasil SA | 9,954 | 89,008 | |||
BB Seguridade Participacoes SA | 83,994 | 506,881 | |||
BR Malls Participacoes SA (a) | 9,690 | 23,342 | |||
Braskem SA Class A, Preference Shares | 3,413 | 49,944 | |||
BRF SA (a) | 7,454 | 41,007 | |||
BRF SA ADR (a)(b) | 4,835 | 26,496 | |||
CCR SA | 17,751 | 37,604 | |||
Centrais Eletricas Brasileiras SA (a) | 6,606 | 25,656 | |||
Centrais Eletricas Brasileiras SA ADR (a) | 6,784 | 30,528 | |||
Centrais Eletricas Brasileiras SA Class B, Preference Shares (a) | 490 | 2,285 | |||
Cia Brasileira de Distribuicao ADR | 2,033 | 43,669 | |||
Cia Brasileira de Distribuicao Preference Shares | 600 | 13,148 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 2,402 | 14,189 | |||
Cia de Saneamento Basico do Estado de Sao Paulo ADR (b) | 4,545 | 26,815 | |||
Cia Energetica de Minas Gerais ADR (b) | 33,083 | 56,572 | |||
Cia Energetica de Minas Gerais Preference Shares | 6,315 | 11,322 | |||
Cia Siderurgica Nacional SA ADR (a)(b) | 12,258 | 27,948 | |||
Cia Siderurgica Nacional SA (a) | 1,232 | 2,881 | |||
Cielo SA | 175,191 | 537,389 | |||
Cosan SA | 2,411 | 19,567 | |||
EDP - Energias do Brasil SA | 6,844 | 21,919 | |||
Embraer SA | 980 | 4,866 | |||
Embraer SA ADR | 3,920 | 76,793 | |||
Engie Brasil Energia SA | 14,718 | 130,759 | |||
Equatorial Energia SA | 28,258 | 406,582 | |||
Fibria Celulose SA ADR | 3,989 | 73,916 | |||
Gerdau SA Preference Shares | 23,864 | 102,721 | |||
Hypera SA | 982 | 7,013 | |||
IRB Brasil Resseguros S/A | 11,367 | 189,139 | |||
Itau Unibanco Holding SA Preference Shares ADR | 63,945 | 702,116 | |||
Itau Unibanco Holding SA Preference Shares | 2,056 | 22,719 | |||
Itausa - Investimentos Itau SA Preference Shares | 447,938 | 1,132,870 | |||
JBS SA | 59,941 | 140,789 | |||
Klabin SA | 5,822 | 28,997 |
Security Description | Shares | Value | |||
Kroton Educacional SA | 29,471 | $ 84,128 | |||
Localiza Rent a Car SA | 2,745 | 15,637 | |||
Lojas Americanas SA Preference Shares | 5,104 | 20,283 | |||
Lojas Renner SA | 64,739 | 502,538 | |||
M Dias Branco SA | 9,782 | 96,484 | |||
Multiplan Empreendimentos Imobiliarios SA | 630 | 2,952 | |||
Natura Cosmeticos SA | 604 | 4,292 | |||
Odontoprev SA | 26,863 | 86,168 | |||
Petrobras Distribuidora SA | 10,484 | 51,192 | |||
Petroleo Brasileiro SA Preference Shares ADR | 32,365 | 338,538 | |||
Petroleo Brasileiro SA ADR | 29,466 | 355,655 | |||
Petroleo Brasileiro SA Preference Shares | 509 | 2,688 | |||
Porto Seguro SA | 2,252 | 33,434 | |||
Raia Drogasil SA | 14,136 | 256,381 | |||
Rumo SA (a) | 9,246 | 34,682 | |||
Sul America SA | 7,150 | 46,550 | |||
Suzano Papel e Celulose SA | 3,997 | 48,122 | |||
Telefonica Brasil SA ADR | 7,141 | 69,482 | |||
Telefonica Brasil SA Preference Shares | 712 | 6,989 | |||
TIM Participacoes SA ADR (b) | 3,551 | 51,454 | |||
TIM Participacoes SA | 1,806 | 5,305 | |||
Ultrapar Participacoes SA | 429 | 4,010 | |||
Ultrapar Participacoes SA ADR (b) | 8,321 | 77,052 | |||
Vale SA ADR (b) | 30,312 | 449,830 | |||
Vale SA | 2,081 | 31,172 | |||
WEG SA | 65,769 | 325,259 | |||
10,806,594 | |||||
CHILE — 1.4% | |||||
Aguas Andinas SA Class A | 889,001 | 490,689 | |||
Banco de Chile | 1,482,795 | 225,184 | |||
Banco de Chile ADR (b) | 12,024 | 1,094,785 | |||
Banco de Credito e Inversiones SA | 2,952 | 199,112 | |||
Banco Santander Chile ADR | 2,181 | 69,748 | |||
Banco Santander Chile | 90,118 | 7,191 | |||
Cencosud SA | 44,304 | 105,037 | |||
Cia Cervecerias Unidas SA | 2,642 | 36,725 | |||
Cia Cervecerias Unidas SA ADR | 1,372 | 38,279 | |||
Colbun SA | 507,725 | 109,304 | |||
Embotelladora Andina SA Class B, Preference Shares | 1,220 | 4,736 | |||
Empresa Nacional de Telecomunicaciones SA | 1,413 | 11,979 | |||
Empresas CMPC SA | 20,201 | 81,306 | |||
Empresas COPEC SA | 4,988 | 76,847 | |||
Enel Americas SA ADR | 13,435 | 103,853 | |||
Enel Americas SA | 130,312 | 20,017 | |||
Enel Chile SA ADR | 4,226 | 21,172 | |||
Enel Chile SA | 298,760 | 30,003 | |||
Itau CorpBanca ADR (b) | 1,681 | 26,207 | |||
Latam Airlines Group SA ADR (b) | 5,016 | 47,150 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Latam Airlines Group SA | 684 | $ 6,487 | |||
SACI Falabella | 101,245 | 821,810 | |||
Sociedad Quimica y Minera de Chile SA ADR (b) | 498 | 22,769 | |||
3,650,390 | |||||
CHINA — 23.6% | |||||
3SBio, Inc. (b)(c) | 43,890 | 73,815 | |||
51job, Inc. ADR (a) | 1,074 | 82,687 | |||
58.com, Inc. ADR (a) | 196 | 14,426 | |||
AAC Technologies Holdings, Inc. | 115,500 | 1,200,034 | |||
Agile Group Holdings, Ltd. | 28,000 | 39,576 | |||
Agricultural Bank of China, Ltd. Class H | 2,698,000 | 1,324,019 | |||
Air China, Ltd. Class H | 52,000 | 50,240 | |||
Alibaba Group Holding, Ltd. ADR (a) | 9,439 | 1,555,170 | |||
Aluminum Corp. of China, Ltd. Class H (a) | 114,000 | 50,700 | |||
Angang Steel Co., Ltd. Class H | 24,000 | 21,470 | |||
Anhui Conch Cement Co., Ltd. Class H | 14,000 | 84,538 | |||
ANTA Sports Products, Ltd. | 163,000 | 782,202 | |||
Autohome, Inc. ADR (b) | 6,689 | 517,795 | |||
AviChina Industry & Technology Co., Ltd. Class H | 58,000 | 38,247 | |||
BAIC Motor Corp., Ltd. Class H (c) | 39,500 | 31,651 | |||
Baidu, Inc. ADR (a) | 5,410 | 1,237,159 | |||
Bank of China, Ltd. Class H | 5,469,071 | 2,432,282 | |||
Bank of Communications Co., Ltd. Class H | 546,000 | 409,592 | |||
BBMG Corp. Class H (b) | 80,000 | 27,400 | |||
Beijing Capital International Airport Co., Ltd. Class H | 174,000 | 211,471 | |||
Beijing Enterprises Holdings, Ltd. | 21,500 | 120,621 | |||
Beijing Enterprises Water Group, Ltd. (a) | 82,000 | 43,699 | |||
Brilliance China Automotive Holdings, Ltd. | 254,000 | 410,950 | |||
BYD Co., Ltd. Class H (b) | 9,000 | 64,640 | |||
BYD Electronic International Co., Ltd. (b) | 11,000 | 16,194 | |||
CAR, Inc. (a) | 268,000 | 212,005 | |||
CGN Power Co., Ltd. Class H (c) | 321,100 | 76,326 | |||
China Agri-Industries Holdings, Ltd. | 97,000 | 37,437 | |||
China Cinda Asset Management Co., Ltd. Class H | 332,548 | 84,147 | |||
China CITIC Bank Corp., Ltd. Class H | 811,000 | 519,254 | |||
China Coal Energy Co., Ltd. Class H | 75,000 | 31,630 | |||
China Communications Construction Co., Ltd. Class H | 240,000 | 245,371 | |||
China Communications Services Corp., Ltd. Class H | 96,000 | 88,456 | |||
China Conch Venture Holdings, Ltd. | 20,000 | 69,777 |
Security Description | Shares | Value | |||
China Construction Bank Corp. Class H | 3,577,394 | $ 3,127,117 | |||
China Eastern Airlines Corp., Ltd. Class H | 42,000 | 26,945 | |||
China Everbright Bank Co., Ltd. Class H | 386,274 | 171,296 | |||
China Everbright International, Ltd. | 69,888 | 60,377 | |||
China Everbright, Ltd. | 30,000 | 53,751 | |||
China Evergrande Group (b) | 37,625 | 105,544 | |||
China Galaxy Securities Co., Ltd. Class H | 113,334 | 52,866 | |||
China Huarong Asset Management Co., Ltd. Class H (c) | 505,200 | 92,971 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(d) | 1,072,393 | — | |||
China International Capital Corp., Ltd. Class H (c) | 12,800 | 23,654 | |||
China International Marine Containers Group Co., Ltd. Class H | 9,300 | 9,865 | |||
China Jinmao Holdings Group, Ltd. | 88,000 | 40,036 | |||
China Life Insurance Co., Ltd. Class H | 164,000 | 372,646 | |||
China Longyuan Power Group Corp., Ltd. Class H | 96,000 | 80,727 | |||
China Medical System Holdings, Ltd. | 305,733 | 425,101 | |||
China Mengniu Dairy Co., Ltd. (a) | 141,000 | 469,405 | |||
China Merchants Bank Co., Ltd. Class H | 92,000 | 373,883 | |||
China Merchants Port Holdings Co., Ltd. | 49,812 | 95,360 | |||
China Minsheng Banking Corp., Ltd. Class H (b) | 378,960 | 281,378 | |||
China Mobile, Ltd. | 282,997 | 2,790,223 | |||
China Molybdenum Co., Ltd. Class H | 60,000 | 25,150 | |||
China National Building Material Co., Ltd. Class H | 106,000 | 94,148 | |||
China Oilfield Services, Ltd. Class H | 28,000 | 30,380 | |||
China Overseas Land & Investment, Ltd. | 98,000 | 306,841 | |||
China Pacific Insurance Group Co., Ltd. Class H | 42,400 | 163,642 | |||
China Petroleum & Chemical Corp. Class H | 1,696,395 | 1,699,669 | |||
China Power International Development, Ltd. | 172,000 | 38,247 | |||
China Railway Construction Corp., Ltd. Class H | 137,500 | 185,561 | |||
China Railway Group, Ltd. Class H | 198,000 | 196,358 | |||
China Railway Signal & Communication Corp., Ltd. Class H (c) | 505,000 | 357,538 | |||
China Reinsurance Group Corp. Class H | 2,045,000 | 405,085 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Resources Beer Holdings Co., Ltd. | 188,092 | $ 755,983 | |||
China Resources Gas Group, Ltd. | 130,000 | 529,144 | |||
China Resources Land, Ltd. | 70,444 | 246,670 | |||
China Resources Pharmaceutical Group, Ltd. (c) | 217,500 | 345,225 | |||
China Resources Power Holdings Co., Ltd. | 142,267 | 251,629 | |||
China Shenhua Energy Co., Ltd. Class H | 87,000 | 198,796 | |||
China Southern Airlines Co., Ltd. Class H | 58,000 | 37,135 | |||
China Taiping Insurance Holdings Co., Ltd. | 31,010 | 108,784 | |||
China Telecom Corp., Ltd. Class H | 1,308,000 | 650,247 | |||
China Travel International Investment Hong Kong, Ltd. | 72,000 | 23,188 | |||
China Unicom Hong Kong, Ltd. | 224,000 | 263,937 | |||
China Vanke Co., Ltd. Class H | 21,092 | 69,813 | |||
China Zhongwang Holdings, Ltd. (b) | 51,200 | 25,060 | |||
Chong Sing Holdings FinTech Group (a) | 2,408,000 | 129,249 | |||
Chongqing Changan Automobile Co., Ltd. Class B | 42,600 | 34,407 | |||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 146,000 | 79,858 | |||
CIFI Holdings Group Co., Ltd. | 66,000 | 30,365 | |||
CITIC Securities Co., Ltd. Class H | 40,000 | 71,157 | |||
CITIC, Ltd. | 213,000 | 317,394 | |||
CNOOC, Ltd. | 291,000 | 576,429 | |||
COSCO SHIPPING Development Co., Ltd. Class H (a) | 86,000 | 11,650 | |||
COSCO SHIPPING Energy Transportation Co., Ltd. Class H | 140,000 | 69,598 | |||
COSCO SHIPPING Holdings Co., Ltd. Class H (a) | 36,500 | 15,160 | |||
COSCO SHIPPING Ports, Ltd. | 311,816 | 343,102 | |||
Country Garden Holdings Co., Ltd. | 95,266 | 120,165 | |||
CRRC Corp., Ltd. Class H | 112,000 | 102,340 | |||
CSPC Pharmaceutical Group, Ltd. | 608,000 | 1,291,385 | |||
Ctrip.com International, Ltd. ADR (a) | 2,035 | 75,641 | |||
Dali Foods Group Co., Ltd. (c) | 270,500 | 194,624 | |||
Datang International Power Generation Co., Ltd. Class H | 98,000 | 24,798 | |||
Dongfeng Motor Group Co., Ltd. Class H | 212,000 | 218,370 | |||
ENN Energy Holdings, Ltd. | 20,000 | 173,804 | |||
Fang Holdings, Ltd. ADR (a) | 9,304 | 24,097 | |||
Far East Horizon, Ltd. | 51,000 | 48,557 | |||
Fosun International, Ltd. | 50,000 | 88,180 | |||
Future Land Development Holdings, Ltd. | 28,000 | 18,142 |
Security Description | Shares | Value | |||
Fuyao Glass Industry Group Co., Ltd. Class H (c) | 60,800 | $ 221,058 | |||
Geely Automobile Holdings, Ltd. | 665,000 | 1,325,768 | |||
GF Securities Co., Ltd. Class H | 32,400 | 41,572 | |||
GOME Retail Holdings, Ltd. (a)(b) | 350,000 | 35,783 | |||
Great Wall Motor Co., Ltd. Class H (b) | 92,500 | 58,988 | |||
Greentown China Holdings, Ltd. | 22,500 | 21,019 | |||
Guangdong Investment, Ltd. | 704,000 | 1,250,572 | |||
Guangzhou Automobile Group Co., Ltd. Class H | 67,200 | 74,458 | |||
Guangzhou R&F Properties Co., Ltd. Class H | 33,200 | 61,012 | |||
Guotai Junan Securities Co., Ltd. Class H (c) | 10,600 | 21,810 | |||
Haitian International Holdings, Ltd. | 66,000 | 146,931 | |||
Haitong Securities Co., Ltd. Class H | 74,800 | 68,062 | |||
Hengan International Group Co., Ltd. | 109,874 | 1,013,802 | |||
Huadian Power International Corp., Ltd. Class H | 208,000 | 81,340 | |||
Huaneng Power International, Inc. Class H | 832,000 | 547,585 | |||
Huaneng Renewables Corp., Ltd. Class H | 130,000 | 38,710 | |||
Huatai Securities Co., Ltd. Class H (a)(c) | 29,843 | 42,791 | |||
Huazhu Group, Ltd. ADR | 700 | 22,610 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 3,192,448 | 2,333,679 | |||
Inner Mongolia Yitai Coal Co., Ltd. Class B | 22,900 | 27,480 | |||
JD.com, Inc. ADR (a)(b) | 3,342 | 87,193 | |||
Jiangsu Expressway Co., Ltd. Class H | 440,000 | 564,557 | |||
Jiangxi Copper Co., Ltd. Class H | 58,000 | 67,674 | |||
Kaisa Group Holdings, Ltd. (a) | 63,000 | 20,209 | |||
Kingsoft Corp., Ltd. | 16,000 | 30,508 | |||
Kunlun Energy Co., Ltd. | 108,000 | 125,737 | |||
KWG Group Holdings, Ltd. | 27,500 | 25,163 | |||
Legend Holdings Corp. Class H (c) | 17,600 | 53,981 | |||
Lenovo Group, Ltd. | 1,648,915 | 1,205,356 | |||
Logan Property Holdings Co., Ltd. | 16,000 | 18,076 | |||
Longfor Group Holdings, Ltd. (a) | 38,000 | 98,097 | |||
Luye Pharma Group, Ltd. (b)(c) | 22,500 | 20,186 | |||
Metallurgical Corp. of China, Ltd. Class H | 153,000 | 43,017 | |||
MMG, Ltd. (a) | 40,000 | 20,703 | |||
Momo, Inc. ADR (a) | 437 | 19,141 | |||
NetEase, Inc. ADR | 9,885 | 2,256,251 | |||
New China Life Insurance Co., Ltd. Class H | 16,000 | 76,781 | |||
New Oriental Education & Technology Group, Inc. ADR (a) | 14,855 | 1,099,419 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Nexteer Automotive Group, Ltd. | 84,000 | $ 133,113 | |||
Noah Holdings, Ltd. ADR (a)(b) | 2,406 | 101,389 | |||
People's Insurance Co. Group of China, Ltd. Class H | 282,000 | 126,857 | |||
PetroChina Co., Ltd. Class H | 1,702,000 | 1,379,018 | |||
PICC Property & Casualty Co., Ltd. Class H | 228,270 | 269,552 | |||
Ping An Insurance Group Co. of China, Ltd. Class H | 78,000 | 792,470 | |||
Postal Savings Bank of China Co., Ltd. Class H (c) | 79,000 | 49,773 | |||
Semiconductor Manufacturing International Corp. (a)(b) | 129,200 | 139,356 | |||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 348,000 | 343,779 | |||
Shanghai Electric Group Co., Ltd. Class H | 104,000 | 37,082 | |||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 6,000 | 23,655 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 314,527 | 430,902 | |||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 94,600 | 236,473 | |||
Shenzhen Investment, Ltd. | 90,000 | 28,754 | |||
Shenzhou International Group Holdings, Ltd. | 127,000 | 1,629,516 | |||
Shui On Land, Ltd. | 77,500 | 18,026 | |||
Sihuan Pharmaceutical Holdings Group, Ltd. | 369,000 | 75,451 | |||
SINA Corp. (a) | 1,235 | 85,808 | |||
Sino-Ocean Group Holding, Ltd. | 104,000 | 45,854 | |||
Sinopec Engineering Group Co., Ltd. Class H | 32,000 | 36,560 | |||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 380,000 | 232,131 | |||
Sinopharm Group Co., Ltd. Class H | 63,600 | 311,299 | |||
Sinotrans, Ltd. Class H | 71,000 | 28,945 | |||
Sinotruk Hong Kong, Ltd. (b) | 16,500 | 35,931 | |||
SOHO China, Ltd. | 22,000 | 8,547 | |||
Sunac China Holdings, Ltd. | 23,697 | 72,985 | |||
Sunny Optical Technology Group Co., Ltd. | 84,593 | 976,210 | |||
TAL Education Group ADR (a) | 4,006 | 102,994 | |||
Tencent Holdings, Ltd. | 129,378 | 5,343,834 | |||
Tingyi Cayman Islands Holding Corp. | 18,000 | 33,079 | |||
Tong Ren Tang Technologies Co., Ltd. Class H | 14,000 | 20,504 | |||
Towngas China Co., Ltd. (a) | 31,000 | 27,138 | |||
TravelSky Technology, Ltd. Class H | 181,000 | 470,722 | |||
Tsingtao Brewery Co., Ltd. Class H | 50,000 | 235,147 | |||
Uni-President China Holdings, Ltd. | 28,000 | 29,879 | |||
Vipshop Holdings, Ltd. ADR (a) | 7,051 | 43,998 | |||
Want Want China Holdings, Ltd. | 549,000 | 462,359 |
Security Description | Shares | Value | |||
Weibo Corp. ADR (a)(b) | 4,222 | $ 308,755 | |||
Weichai Power Co., Ltd. Class H | 57,000 | 70,659 | |||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H | 23,000 | 24,720 | |||
Xinyi Solar Holdings, Ltd. | 91,450 | 28,166 | |||
Yanzhou Coal Mining Co., Ltd. Class H | 46,000 | 53,320 | |||
Yum China Holdings, Inc. | 53,811 | 1,889,304 | |||
Yuzhou Properties Co., Ltd. | 37,000 | 15,037 | |||
YY, Inc. ADR (a) | 4,372 | 327,550 | |||
Zhaojin Mining Industry Co., Ltd. Class H | 358,500 | 277,641 | |||
Zhejiang Expressway Co., Ltd. Class H | 48,000 | 39,934 | |||
Zhongsheng Group Holdings, Ltd. | 9,500 | 23,140 | |||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 47,700 | 272,488 | |||
Zijin Mining Group Co., Ltd. Class H | 110,000 | 42,314 | |||
ZTE Corp. Class H (a)(b) | 44,480 | 81,515 | |||
63,065,540 | |||||
COLOMBIA — 0.4% | |||||
Bancolombia SA ADR | 1,634 | 68,171 | |||
Bancolombia SA | 4,733 | 50,846 | |||
Bancolombia SA Preference Shares | 3,416 | 36,008 | |||
Cementos Argos SA | 1,555 | 4,032 | |||
Ecopetrol SA ADR (b) | 2,124 | 57,199 | |||
Ecopetrol SA | 9,534 | 12,939 | |||
Grupo Argos SA | 13,968 | 76,675 | |||
Grupo Aval Acciones y Valores SA Preference Shares | 84,317 | 33,081 | |||
Grupo de Inversiones Suramericana SA Preference Shares | 9,862 | 112,922 | |||
Grupo de Inversiones Suramericana SA | 5,254 | 61,504 | |||
Interconexion Electrica SA ESP | 96,388 | 434,322 | |||
947,699 | |||||
CZECH REPUBLIC — 0.3% | |||||
CEZ A/S | 6,281 | 160,585 | |||
Komercni banka A/S | 7,024 | 288,279 | |||
Moneta Money Bank A/S (c) | 29,054 | 106,940 | |||
O2 Czech Republic A/S | 17,248 | 201,256 | |||
757,060 | |||||
EGYPT — 0.4% | |||||
Commercial International Bank Egypt SAE | 188,798 | 860,919 | |||
Eastern Tobacco | 117,935 | 124,648 | |||
ElSewedy Electric Co. | 88,010 | 87,568 | |||
1,073,135 | |||||
GREECE — 0.3% | |||||
Alpha Bank AE (a) | 66,601 | 95,845 | |||
Eurobank Ergasias SA (a) | 90,062 | 67,890 | |||
FF Group (a)(e) | 491 | 1,369 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Hellenic Telecommunications Organization SA | 11,057 | $ 135,747 | |||
JUMBO SA | 4,790 | 71,214 | |||
National Bank of Greece SA (a) | 33,052 | 67,182 | |||
OPAP SA | 10,624 | 111,552 | |||
Piraeus Bank SA (a) | 38,395 | 83,840 | |||
Titan Cement Co. SA | 10,287 | 255,097 | |||
889,736 | |||||
HONG KONG — 0.9% | |||||
Alibaba Pictures Group, Ltd. (a)(b) | 230,000 | 31,451 | |||
China First Capital Group, Ltd. (a) | 148,000 | 79,439 | |||
China Gas Holdings, Ltd. | 50,800 | 143,800 | |||
China Resources Cement Holdings, Ltd. | 24,000 | 27,941 | |||
China State Construction International Holdings, Ltd. | 50,000 | 52,844 | |||
China Traditional Chinese Medicine Holdings Co., Ltd. | 36,000 | 24,476 | |||
Fullshare Holdings, Ltd. (a)(b) | 458,393 | 220,266 | |||
GCL-Poly Energy Holdings, Ltd. (a) | 787,000 | 55,317 | |||
Haier Electronics Group Co., Ltd. (a) | 127,000 | 344,892 | |||
Hanergy Thin Film Power Group, Ltd. (a)(d) | 598,000 | — | |||
Kingboard Holdings, Ltd. | 37,000 | 120,813 | |||
Kingboard Laminates Holdings, Ltd. | 20,500 | 18,182 | |||
Lee & Man Paper Manufacturing, Ltd. | 147,000 | 136,388 | |||
Nine Dragons Paper Holdings, Ltd. | 38,000 | 41,084 | |||
Shanghai Industrial Holdings, Ltd. | 30,000 | 66,480 | |||
Shenzhen International Holdings, Ltd. | 54,000 | 111,521 | |||
Shimao Property Holdings, Ltd. | 34,000 | 84,816 | |||
Sino Biopharmaceutical, Ltd. | 693,000 | 646,513 | |||
Skyworth Digital Holdings, Ltd. | 90,000 | 25,419 | |||
Sun Art Retail Group, Ltd. | 131,832 | 171,510 | |||
Yuexiu Property Co., Ltd. | 158,000 | 28,269 | |||
2,431,421 | |||||
HUNGARY — 0.4% | |||||
MOL Hungarian Oil & Gas PLC | 37,389 | 402,795 | |||
OTP Bank Nyrt | 5,830 | 216,056 | |||
Richter Gedeon Nyrt | 23,071 | 431,641 | |||
1,050,492 | |||||
INDIA — 11.4% | |||||
Adani Ports & Special Economic Zone, Ltd. | 49,477 | 224,486 | |||
Ambuja Cements, Ltd. | 2,887 | 8,903 | |||
Ashok Leyland, Ltd. | 14,231 | 23,381 | |||
Asian Paints, Ltd. | 59,212 | 1,056,406 | |||
Aurobindo Pharma, Ltd. | 22,387 | 229,908 | |||
Axis Bank, Ltd. (a) | 25,606 | 216,621 | |||
Bajaj Auto, Ltd. | 8,284 | 307,116 | |||
Bajaj Finance, Ltd. | 200 | 5,981 |
Security Description | Shares | Value | |||
Bajaj Finserv, Ltd. | 187 | $ 15,494 | |||
Bharat Forge, Ltd. | 678 | 5,622 | |||
Bharat Heavy Electricals, Ltd. | 12,896 | 12,186 | |||
Bharat Petroleum Corp., Ltd. | 82,383 | 425,212 | |||
Bharti Airtel, Ltd. | 22,193 | 103,648 | |||
Bharti Infratel, Ltd. | 29,428 | 106,747 | |||
Bosch, Ltd. | 597 | 164,170 | |||
Britannia Industries, Ltd. | 4,350 | 349,458 | |||
Cadila Healthcare, Ltd. | 26,847 | 142,938 | |||
Cipla, Ltd. | 10,079 | 90,939 | |||
Coal India, Ltd. | 102,366 | 375,982 | |||
Container Corp. Of India, Ltd. | 340 | 2,943 | |||
Dabur India, Ltd. | 183,321 | 1,079,594 | |||
Dr Reddy's Laboratories, Ltd. ADR | 667 | 23,078 | |||
Dr Reddy's Laboratories, Ltd. | 546 | 19,061 | |||
Eicher Motors, Ltd. | 1,513 | 504,794 | |||
GAIL India, Ltd. GDR | 2,159 | 68,440 | |||
Glenmark Pharmaceuticals, Ltd. | 1,820 | 15,871 | |||
Godrej Consumer Products, Ltd. | 32,662 | 346,338 | |||
Grasim Industries, Ltd. | 4,279 | 60,298 | |||
Havells India, Ltd. | 19,847 | 162,768 | |||
HCL Technologies, Ltd. | 115,366 | 1,731,206 | |||
Hero MotoCorp, Ltd. | 5,692 | 230,322 | |||
Hindalco Industries, Ltd. | 23,700 | 75,082 | |||
Hindustan Petroleum Corp., Ltd. | 75,066 | 260,385 | |||
Hindustan Unilever, Ltd. | 97,815 | 2,170,308 | |||
Housing Development Finance Corp., Ltd. | 18,317 | 443,333 | |||
ICICI Bank, Ltd. ADR | 18,011 | 152,913 | |||
ICICI Bank, Ltd. | 2,115 | 8,915 | |||
Indiabulls Housing Finance, Ltd. | 4,121 | 48,711 | |||
Indian Oil Corp., Ltd. | 38,822 | 82,127 | |||
Infosys, Ltd. ADR | 307,578 | 3,128,068 | |||
Infosys, Ltd. | 188,446 | 1,897,848 | |||
InterGlobe Aviation, Ltd. (c) | 11,500 | 131,055 | |||
ITC, Ltd. | 364,992 | 1,499,191 | |||
JSW Steel, Ltd. | 10,047 | 52,896 | |||
Larsen & Toubro, Ltd. GDR | 4,573 | 79,296 | |||
Larsen & Toubro, Ltd. | 429 | 7,528 | |||
LIC Housing Finance, Ltd. | 6,053 | 34,853 | |||
Lupin, Ltd. | 6,634 | 82,451 | |||
Mahindra & Mahindra Financial Services, Ltd. | 1,058 | 5,841 | |||
Mahindra & Mahindra, Ltd. GDR | 9,620 | 112,554 | |||
Mahindra & Mahindra, Ltd. | 672 | 7,981 | |||
Marico, Ltd. | 114,472 | 525,933 | |||
Maruti Suzuki India, Ltd. | 10,053 | 1,019,022 | |||
Motherson Sumi Systems, Ltd. | 3,802 | 13,469 | |||
Nestle India, Ltd. | 3,180 | 425,505 | |||
NTPC, Ltd. | 30,818 | 70,934 | |||
Oil & Natural Gas Corp., Ltd. | 35,222 | 86,099 | |||
Petronet LNG, Ltd. | 57,699 | 178,892 | |||
Pidilite Industries, Ltd. | 15,443 | 222,804 | |||
Piramal Enterprises, Ltd. | 743 | 23,568 | |||
Power Grid Corp. of India, Ltd. | 61,726 | 160,425 | |||
Reliance Industries, Ltd. GDR (c) | 18,034 | 619,468 | |||
Reliance Industries, Ltd. | 11,335 | 196,701 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Rural Electrification Corp., Ltd. | 24,080 | $ 32,521 | |||
Shree Cement, Ltd. | 37 | 8,622 | |||
Shriram Transport Finance Co., Ltd. | 1,177 | 18,688 | |||
Siemens, Ltd. | 93 | 1,213 | |||
State Bank of India (a) | 7,729 | 28,308 | |||
State Bank of India GDR (a) | 3,263 | 120,568 | |||
Sun Pharmaceutical Industries, Ltd. | 22,236 | 191,179 | |||
Tata Consultancy Services, Ltd. | 146,380 | 4,409,574 | |||
Tata Motors, Ltd. ADR (a) | 7,857 | 120,684 | |||
Tata Motors, Ltd. (a) | 19,400 | 59,867 | |||
Tata Power Co., Ltd. | 20,172 | 18,324 | |||
Tata Steel, Ltd. | 742 | 5,950 | |||
Tata Steel, Ltd. GDR | 4,135 | 32,749 | |||
Tech Mahindra, Ltd. | 88,065 | 905,676 | |||
Titan Co., Ltd. | 40,834 | 453,799 | |||
UltraTech Cement, Ltd. | 660 | 36,965 | |||
United Spirits, Ltd. (a) | 175 | 1,242 | |||
UPL, Ltd. | 34,712 | 318,102 | |||
Vedanta, Ltd. | 15,814 | 50,677 | |||
Vodafone Idea, Ltd. (a) | 76,836 | 40,861 | |||
Wipro, Ltd. ADR (b) | 148,508 | 773,727 | |||
Wipro, Ltd. | 128,207 | 573,032 | |||
Yes Bank, Ltd. | 22,684 | 57,469 | |||
Zee Entertainment Enterprises, Ltd. | 48,807 | 295,306 | |||
30,489,170 | |||||
INDONESIA — 4.0% | |||||
Adaro Energy Tbk PT | 253,000 | 31,155 | |||
AKR Corporindo Tbk PT | 400 | 99 | |||
Astra International Tbk PT | 296,300 | 146,147 | |||
Bank Central Asia Tbk PT | 1,798,925 | 2,915,414 | |||
Bank Danamon Indonesia Tbk PT | 122,200 | 59,044 | |||
Bank Mandiri Persero Tbk PT | 556,000 | 250,921 | |||
Bank Negara Indonesia Persero Tbk PT | 158,200 | 78,561 | |||
Bank Rakyat Indonesia Persero Tbk PT | 6,016,800 | 1,271,880 | |||
Bank Tabungan Negara Persero Tbk PT | 145,600 | 25,697 | |||
Bumi Serpong Damai Tbk PT (a) | 106,600 | 8,263 | |||
Charoen Pokphand Indonesia Tbk PT | 78,900 | 26,871 | |||
Gudang Garam Tbk PT | 78,300 | 389,096 | |||
Hanjaya Mandala Sampoerna Tbk PT | 2,513,200 | 649,319 | |||
Indah Kiat Pulp & Paper Corp. Tbk PT | 38,300 | 44,593 | |||
Indocement Tunggal Prakarsa Tbk PT | 21,100 | 26,195 | |||
Indofood CBP Sukses Makmur Tbk PT | 432,300 | 256,018 | |||
Indofood Sukses Makmur Tbk PT | 433,800 | 171,756 | |||
Jasa Marga Persero Tbk PT | 195,900 | 58,764 | |||
Kalbe Farma Tbk PT | 5,012,700 | 464,217 | |||
Matahari Department Store Tbk PT | 299,100 | 138,997 |
Security Description | Shares | Value | |||
Pakuwon Jati Tbk PT | 1,605,378 | $ 55,482 | |||
Perusahaan Gas Negara Persero Tbk | 270,700 | 40,873 | |||
Semen Indonesia Persero Tbk PT | 48,300 | 32,170 | |||
Surya Citra Media Tbk PT | 736,900 | 92,721 | |||
Telekomunikasi Indonesia Persero Tbk PT | 7,680,075 | 1,876,017 | |||
Tower Bersama Infrastructure Tbk PT | 15,491 | 5,848 | |||
Unilever Indonesia Tbk PT | 395,500 | 1,248,088 | |||
United Tractors Tbk PT | 136,800 | 302,949 | |||
Waskita Karya Persero Tbk PT | 21,100 | 2,407 | |||
10,669,562 | |||||
LUXEMBOURG — 0.1% | |||||
Reinet Investments SCA | 7,992 | 148,593 | |||
MALAYSIA — 3.8% | |||||
AirAsia Group Bhd | 39,900 | 30,466 | |||
Alliance Bank Malaysia Bhd | 41,500 | 41,916 | |||
AMMB Holdings Bhd | 74,500 | 74,347 | |||
Astro Malaysia Holdings Bhd | 6,700 | 2,380 | |||
Axiata Group Bhd | 31,166 | 34,340 | |||
British American Tobacco Malaysia Bhd | 17,900 | 137,197 | |||
CIMB Group Holdings Bhd | 100,464 | 145,896 | |||
Dialog Group Bhd | 9,700 | 8,180 | |||
DiGi.Com Bhd | 90,700 | 105,636 | |||
FGV Holdings Bhd | 17,200 | 6,442 | |||
Fraser & Neave Holdings Bhd | 25,400 | 231,506 | |||
Gamuda Bhd | 29,000 | 23,545 | |||
Genting Bhd | 42,000 | 79,261 | |||
Genting Malaysia Bhd | 54,100 | 65,231 | |||
Genting Plantations Bhd | 800 | 1,834 | |||
HAP Seng Consolidated Bhd | 66,300 | 158,601 | |||
Hartalega Holdings Bhd | 113,900 | 182,196 | |||
Hong Leong Bank Bhd | 166,520 | 828,073 | |||
Hong Leong Financial Group Bhd | 8,700 | 40,573 | |||
IHH Healthcare Bhd | 728,100 | 916,613 | |||
IJM Corp. Bhd | 75,600 | 32,882 | |||
IOI Corp. Bhd | 16,600 | 18,210 | |||
IOI Properties Group Bhd | 18,308 | 7,388 | |||
Kuala Lumpur Kepong Bhd | 24,200 | 145,954 | |||
Malayan Banking Bhd | 512,999 | 1,213,546 | |||
Malaysia Airports Holdings Bhd | 3,100 | 6,667 | |||
Maxis Bhd | 388,100 | 547,663 | |||
MISC Bhd | 23,300 | 34,118 | |||
My EG Services Bhd | 791,000 | 334,481 | |||
Nestle Malaysia Bhd | 6,900 | 244,088 | |||
Petronas Chemicals Group Bhd | 344,600 | 779,378 | |||
Petronas Dagangan Bhd | 44,800 | 284,269 | |||
Petronas Gas Bhd | 75,500 | 344,799 | |||
PPB Group Bhd | 10,360 | 42,006 | |||
Public Bank Bhd | 258,111 | 1,559,206 | |||
RHB Capital Bhd | 33,438 | 43,631 | |||
Sime Darby Bhd | 20,727 | 13,072 | |||
Sime Darby Plantation Bhd | 283,927 | 363,613 | |||
Sime Darby Property Bhd | 91,627 | 26,125 | |||
SP Setia Bhd Group | 38,818 | 25,325 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Telekom Malaysia Bhd | 62,485 | $ 48,617 | |||
Tenaga Nasional Bhd | 155,700 | 581,641 | |||
Top Glove Corp. Bhd | 61,700 | 158,928 | |||
UMW Holdings Bhd | 9,900 | 12,009 | |||
Westports Holdings Bhd | 170,038 | 156,130 | |||
YTL Corp. Bhd | 160,638 | 48,519 | |||
10,186,498 | |||||
MEXICO — 2.3% | |||||
Alfa SAB de CV Class A | 93,797 | 121,038 | |||
America Movil SAB de CV Series L | 453,197 | 364,511 | |||
Arca Continental SAB de CV | 55,116 | 356,294 | |||
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand Class B | 34,739 | 54,136 | |||
Cemex SAB de CV Series CPO (a) | 355,109 | 249,536 | |||
Coca-Cola Femsa SAB de CV Series L | 17,444 | 106,590 | |||
El Puerto de Liverpool SAB de CV Series C1 | 2,158 | 16,208 | |||
Fibra Uno Administracion SA de CV REIT | 69,751 | 91,799 | |||
Fomento Economico Mexicano SAB de CV | 24,900 | 246,586 | |||
Gruma SAB de CV Class B | 35,165 | 449,904 | |||
Grupo Aeroportuario del Pacifico SAB de CV Class B | 31,379 | 343,303 | |||
Grupo Aeroportuario del Sureste SAB de CV Class B | 19,664 | 402,371 | |||
Grupo Bimbo SAB de CV Class A | 33,295 | 71,062 | |||
Grupo Carso SAB de CV Series A1 | 8,179 | 27,149 | |||
Grupo Financiero Banorte SAB de CV Series O | 43,991 | 318,301 | |||
Grupo Financiero Inbursa SAB de CV Series O | 40,809 | 64,075 | |||
Grupo Mexico SAB de CV Class B | 52,444 | 151,308 | |||
Grupo Televisa SAB Series CPO (b) | 36,981 | 131,594 | |||
Industrias Penoles SAB de CV | 1,992 | 34,342 | |||
Infraestructura Energetica Nova SAB de CV | 42,742 | 212,553 | |||
Kimberly-Clark de Mexico SAB de CV Class A (a) | 9,297 | 16,556 | |||
Mexichem SAB de CV | 17,523 | 60,311 | |||
Promotora y Operadora de Infraestructura SAB de CV | 2,272 | 24,190 | |||
Wal-Mart de Mexico SAB de CV | 690,919 | 2,107,203 | |||
6,020,920 | |||||
PAKISTAN — 0.1% | |||||
Habib Bank, Ltd. | 48,634 | 59,283 | |||
Lucky Cement, Ltd. | 24,156 | 99,779 | |||
MCB Bank, Ltd. | 67,197 | 108,880 | |||
Oil & Gas Development Co., Ltd. | 5,662 | 6,976 |
Security Description | Shares | Value | |||
United Bank, Ltd. | 6,406 | $ 7,944 | |||
282,862 | |||||
PERU — 0.5% | |||||
Cia de Minas Buenaventura SAA ADR | 1,576 | 21,134 | |||
Credicorp, Ltd. | 5,887 | 1,313,272 | |||
Southern Copper Corp. | 748 | 32,269 | |||
1,366,675 | |||||
PHILIPPINES — 1.2% | |||||
Aboitiz Equity Ventures, Inc. | 232,440 | 210,801 | |||
Aboitiz Power Corp. | 526,200 | 325,771 | |||
Alliance Global Group, Inc. (a) | 94,900 | 21,920 | |||
Ayala Corp. | 1,830 | 31,431 | |||
Ayala Land, Inc. | 35,900 | 26,611 | |||
Bank of the Philippine Islands | 278,119 | 428,786 | |||
BDO Unibank, Inc. | 269,832 | 598,295 | |||
DMCI Holdings, Inc. | 302,130 | 63,636 | |||
Globe Telecom, Inc. | 130 | 5,293 | |||
GT Capital Holdings, Inc. | 958 | 14,539 | |||
International Container Terminal Services, Inc. | 5,520 | 9,614 | |||
JG Summit Holdings, Inc. | 44,020 | 43,955 | |||
Jollibee Foods Corp. | 124,480 | 592,104 | |||
Manila Electric Co. | 42,510 | 267,507 | |||
Megaworld Corp. | 181,000 | 14,740 | |||
Metro Pacific Investments Corp. | 141,200 | 12,413 | |||
Metropolitan Bank & Trust Co. | 126,558 | 156,939 | |||
PLDT, Inc. | 1,861 | 46,499 | |||
Robinsons Land Corp. | 85,963 | 32,298 | |||
Security Bank Corp. | 32,630 | 93,004 | |||
SM Investments Corp. | 2,065 | 34,550 | |||
SM Prime Holdings, Inc. | 67,400 | 45,096 | |||
Universal Robina Corp. | 58,670 | 156,909 | |||
3,232,711 | |||||
POLAND — 0.7% | |||||
Alior Bank SA (a) | 1,857 | 31,738 | |||
Bank Handlowy w Warszawie SA | 703 | 14,723 | |||
Bank Millennium SA (a) | 18,988 | 47,649 | |||
Bank Polska Kasa Opieki SA | 12,357 | 356,017 | |||
CCC SA | 187 | 11,161 | |||
CD Projekt SA (a) | 1,664 | 84,552 | |||
Cyfrowy Polsat SA (a) | 18,292 | 110,364 | |||
Dino Polska SA (a)(c) | 4,455 | 120,376 | |||
Grupa Azoty SA | 875 | 7,501 | |||
Grupa Lotos SA | 5,000 | 101,842 | |||
Jastrzebska Spolka Weglowa SA (a) | 971 | 17,439 | |||
KGHM Polska Miedz SA (a) | 1,996 | 48,247 | |||
LPP SA | 11 | 25,739 | |||
mBank SA | 373 | 45,293 | |||
Orange Polska SA (a) | 20,702 | 24,936 | |||
PGE Polska Grupa Energetyczna SA (a) | 46,332 | 119,660 | |||
PLAY Communications SA (c) | 1,919 | 10,475 | |||
Polski Koncern Naftowy ORLEN SA | 10,716 | 293,621 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Polskie Gornictwo Naftowe i Gazownictwo SA (a) | 35,821 | $ 62,875 | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 18,384 | 213,959 | |||
Powszechny Zaklad Ubezpieczen SA | 9,112 | 98,138 | |||
Santander Bank Polska SA | 626 | 63,787 | |||
1,910,092 | |||||
QATAR — 1.3% | |||||
Barwa Real Estate Co. | 1,952 | 18,965 | |||
Commercial Bank PQSC | 23,683 | 262,747 | |||
Doha Bank QPSC | 54,286 | 313,059 | |||
Ezdan Holding Group QSC (a) | 26,655 | 77,590 | |||
Industries Qatar QSC | 1,951 | 66,810 | |||
Masraf Al Rayan QSC | 28,411 | 292,575 | |||
Ooredoo QSC | 3,254 | 61,649 | |||
Qatar Electricity & Water Co. QSC | 13,219 | 695,164 | |||
Qatar Insurance Co. SAQ | 3,284 | 34,269 | |||
Qatar Islamic Bank SAQ | 17,453 | 670,993 | |||
Qatar National Bank QPSC | 17,763 | 863,395 | |||
3,357,216 | |||||
ROMANIA — 0.0% (f) | |||||
NEPI Rockcastle PLC | 4,015 | 36,469 | |||
RUSSIA — 3.5% | |||||
Alrosa PJSC | 235,494 | 381,565 | |||
Gazprom PJSC ADR | 324,411 | 1,622,055 | |||
Inter RAO UES PJSC (a) | 1,533,224 | 95,594 | |||
LUKOIL PJSC ADR | 12,849 | 985,518 | |||
Magnit PJSC GDR | 7,550 | 107,248 | |||
Magnitogorsk Iron & Steel Works PJSC | 47,572 | 37,759 | |||
MMC Norilsk Nickel PJSC ADR | 9,226 | 159,610 | |||
Mobile TeleSystems PJSC ADR | 47,500 | 405,175 | |||
Moscow Exchange MICEX-RTS PJSC (a) | 17,228 | 25,536 | |||
Novatek PJSC GDR | 7,554 | 1,389,936 | |||
Novolipetsk Steel PJSC (a) | 25,274 | 68,450 | |||
PhosAgro PJSC GDR | 2,205 | 29,944 | |||
Polyus PJSC (a) | 335 | 21,022 | |||
Rosneft Oil Co. PJSC | 18,725 | 141,477 | |||
Rosneft Oil Co. PJSC GDR | 53,152 | 399,065 | |||
RusHydro PJSC ADR | 40,341 | 36,105 | |||
Sberbank of Russia PJSC ADR (g) | 74,775 | 948,147 | |||
Sberbank of Russia PJSC ADR (b)(g) | 6,842 | 86,038 | |||
Severstal PJSC GDR | 3,649 | 60,756 | |||
Surgutneftegas PJSC ADR (g) | 43,233 | 246,428 | |||
Surgutneftegas PJSC ADR (g) | 57,665 | 238,733 | |||
Tatneft PJSC ADR (g) | 21,987 | 1,682,006 | |||
Tatneft PJSC ADR (b)(g) | 1,551 | 118,341 | |||
Transneft PJSC Preference Shares | 36 | 90,941 | |||
VTB Bank PJSC GDR | 33,528 | 44,894 | |||
VTB Bank PJSC | 58,812,381 | 36,581 | |||
9,458,924 |
Security Description | Shares | Value | |||
SINGAPORE — 0.0% (f) | |||||
BOC Aviation, Ltd. (c) | 16,100 | $ 124,892 | |||
SOUTH AFRICA — 4.3% | |||||
Absa Group, Ltd. | 23,079 | 247,698 | |||
Anglo American Platinum, Ltd. | 391 | 12,765 | |||
AngloGold Ashanti, Ltd. | 15,581 | 134,767 | |||
Aspen Pharmacare Holdings, Ltd. | 3,076 | 36,817 | |||
Bid Corp., Ltd. (b) | 29,166 | 607,836 | |||
Bidvest Group, Ltd. | 13,073 | 170,904 | |||
Capitec Bank Holdings, Ltd. | 4,443 | 321,576 | |||
Clicks Group, Ltd. | 29,794 | 368,445 | |||
Coronation Fund Managers, Ltd. | 26,404 | 100,550 | |||
Discovery, Ltd. | 4,119 | 49,482 | |||
Exxaro Resources, Ltd. | 4,859 | 49,911 | |||
FirstRand, Ltd. | 353,860 | 1,697,128 | |||
Fortress REIT, Ltd. Class A, | 265,449 | 317,760 | |||
Fortress REIT, Ltd. Class B | 4,157 | 4,474 | |||
Foschini Group, Ltd. | 2,253 | 27,602 | |||
Gold Fields, Ltd. | 30,865 | 74,222 | |||
Growthpoint Properties, Ltd. REIT | 34,588 | 56,778 | |||
Hyprop Investments, Ltd. REIT | 3,033 | 19,782 | |||
Imperial Holdings, Ltd. | 5,523 | 68,300 | |||
Investec, Ltd. | 8,475 | 59,607 | |||
Kumba Iron Ore, Ltd. (b) | 6,836 | 155,045 | |||
Liberty Holdings, Ltd. | 3,586 | 28,579 | |||
Life Healthcare Group Holdings, Ltd. | 13,350 | 23,169 | |||
MMI Holdings, Ltd. (a) | 24,963 | 30,623 | |||
Mondi, Ltd. | 10,158 | 278,872 | |||
Mr. Price Group, Ltd. | 29,824 | 481,062 | |||
MTN Group, Ltd. | 23,740 | 146,923 | |||
Naspers, Ltd. Class N | 1,103 | 237,856 | |||
Nedbank Group, Ltd. (b) | 6,091 | 113,902 | |||
Netcare, Ltd. | 119,561 | 204,545 | |||
Old Mutual, Ltd. | 69,149 | 148,010 | |||
Pick n Pay Stores, Ltd. | 38,708 | 188,134 | |||
Pioneer Foods Group, Ltd. | 1,604 | 10,428 | |||
PSG Group, Ltd. | 713 | 11,538 | |||
Rand Merchant Investment Holdings, Ltd. | 57,374 | 156,538 | |||
Redefine Properties, Ltd. REIT | 96,412 | 68,266 | |||
Remgro, Ltd. (b) | 9,583 | 133,575 | |||
Resilient REIT, Ltd. | 8,860 | 36,395 | |||
RMB Holdings, Ltd. | 73,039 | 408,518 | |||
Sanlam, Ltd. | 160,163 | 895,362 | |||
Sappi, Ltd. | 18,503 | 116,042 | |||
Sasol, Ltd. | 10,195 | 394,458 | |||
Shoprite Holdings, Ltd. | 44,134 | 597,706 | |||
SPAR Group, Ltd. | 24,618 | 320,319 | |||
Standard Bank Group, Ltd. | 23,259 | 287,630 | |||
Telkom SA SOC, Ltd. | 5,985 | 21,849 | |||
Tiger Brands, Ltd. | 17,680 | 331,105 | |||
Truworths International, Ltd. | 50,628 | 298,732 | |||
Vodacom Group, Ltd. | 55,154 | 490,808 | |||
Woolworths Holdings, Ltd. | 112,077 | 392,829 | |||
11,435,222 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
SOUTH KOREA — 14.9% | |||||
Amorepacific Corp. | 181 | $ 42,588 | |||
Amorepacific Corp. Preference Shares | 94 | 11,652 | |||
AMOREPACIFIC Group | 348 | 29,271 | |||
BGF retail Co., Ltd. | 946 | 175,256 | |||
BNK Financial Group, Inc. | 18,240 | 141,414 | |||
Celltrion, Inc. (a) | 675 | 180,730 | |||
Cheil Worldwide, Inc. | 4,933 | 96,281 | |||
CJ CheilJedang Corp. | 435 | 130,784 | |||
CJ Corp. | 677 | 82,394 | |||
CJ E&M Co., Ltd. | 143 | 31,971 | |||
CJ Logistics Corp. (a) | 1,193 | 169,929 | |||
Coway Co., Ltd. | 6,790 | 531,325 | |||
Daelim Industrial Co., Ltd. | 1,142 | 85,039 | |||
Daewoo Engineering & Construction Co., Ltd. (a) | 4,364 | 23,290 | |||
DB Insurance Co., Ltd. | 10,038 | 658,793 | |||
DGB Financial Group, Inc. | 10,540 | 96,444 | |||
Dongsuh Cos., Inc. | 104 | 1,969 | |||
Doosan Bobcat, Inc. | 668 | 24,329 | |||
Doosan Heavy Industries & Construction Co., Ltd. (a) | 3,692 | 49,593 | |||
E-MART, Inc. | 1,080 | 202,028 | |||
GS Engineering & Construction Corp. | 1,216 | 57,333 | |||
GS Holdings Corp. | 1,827 | 90,753 | |||
GS Retail Co., Ltd. | 2,114 | 73,373 | |||
Hana Financial Group, Inc. | 12,047 | 483,835 | |||
Hankook Tire Co., Ltd. | 2,138 | 96,564 | |||
Hanmi Pharm Co., Ltd. | 7 | 3,155 | |||
Hanmi Science Co., Ltd. | 10 | 792 | |||
Hanon Systems | 2,669 | 30,438 | |||
Hanssem Co., Ltd. | 1,637 | 113,044 | |||
Hanwha Chemical Corp. | 4,192 | 72,937 | |||
Hanwha Corp. | 4,503 | 133,152 | |||
Hanwha Life Insurance Co., Ltd. | 26,883 | 128,205 | |||
HDC Hyundai Development Co-Engineering & Construction (a) | 980 | 44,969 | |||
Hotel Shilla Co., Ltd. | 70 | 6,847 | |||
Hyundai Department Store Co., Ltd. | 682 | 61,114 | |||
Hyundai Engineering & Construction Co., Ltd. | 1,902 | 115,740 | |||
Hyundai Glovis Co., Ltd. | 1,405 | 164,661 | |||
Hyundai Heavy Industries Co., Ltd. (a) | 1,470 | 178,242 | |||
Hyundai Heavy Industries Holdings Co., Ltd. (a) | 454 | 165,761 | |||
Hyundai Marine & Fire Insurance Co., Ltd. | 8,827 | 333,823 | |||
Hyundai Mobis Co., Ltd. | 2,260 | 464,530 | |||
Hyundai Motor Co. | 6,372 | 743,903 | |||
Hyundai Motor Co. Preference Shares (g) | 2,510 | 191,658 | |||
Hyundai Motor Co. Preference Shares (g) | 1,328 | 93,741 | |||
Hyundai Motor Co. GDR | 1,132 | 40,412 |
Security Description | Shares | Value | |||
Hyundai Steel Co. | 4,027 | $ 205,117 | |||
Industrial Bank of Korea | 11,281 | 155,091 | |||
Kakao Corp. | 1,478 | 158,559 | |||
Kangwon Land, Inc. | 17,470 | 452,007 | |||
KB Financial Group, Inc. | 4,177 | 204,096 | |||
KB Financial Group, Inc. ADR | 10,797 | 521,279 | |||
KCC Corp. | 201 | 61,428 | |||
KEPCO Plant Service & Engineering Co., Ltd. | 1,025 | 31,418 | |||
Kia Motors Corp. | 19,248 | 609,064 | |||
Korea Aerospace Industries, Ltd. (a) | 686 | 21,707 | |||
Korea Electric Power Corp. ADR (b) | 37,573 | 494,836 | |||
Korea Electric Power Corp. | 8,261 | 218,580 | |||
Korea Gas Corp. (a) | 2,581 | 141,237 | |||
Korea Investment Holdings Co., Ltd. | 847 | 58,108 | |||
Korea Zinc Co., Ltd. | 126 | 49,525 | |||
Korean Air Lines Co., Ltd. | 2,098 | 53,147 | |||
KT Corp. ADR | 16,086 | 238,877 | |||
KT Corp. | 3,990 | 108,450 | |||
KT&G Corp. | 19,822 | 1,858,452 | |||
Kumho Petrochemical Co., Ltd. | 695 | 61,715 | |||
LG Chem, Ltd. | 779 | 256,682 | |||
LG Chem, Ltd. Preference Shares | 197 | 36,230 | |||
LG Corp. | 2,283 | 149,422 | |||
LG Display Co., Ltd. ADR (b) | 21,587 | 187,159 | |||
LG Display Co., Ltd. | 7,052 | 121,427 | |||
LG Electronics, Inc. | 3,189 | 204,119 | |||
LG Household & Health Care, Ltd. | 831 | 955,922 | |||
LG Household & Health Care, Ltd. Preference Shares | 185 | 134,091 | |||
LG Innotek Co., Ltd. | 233 | 27,412 | |||
Lotte Chemical Corp. | 640 | 160,397 | |||
Lotte Corp. (a) | 6,120 | 315,034 | |||
Lotte Shopping Co., Ltd. | 508 | 95,944 | |||
Medy-Tox, Inc. | 464 | 258,928 | |||
Mirae Asset Daewoo Co., Ltd. | 8,652 | 66,065 | |||
NAVER Corp. | 3,502 | 2,260,475 | |||
NCSoft Corp. | 1,171 | 467,133 | |||
Netmarble Corp. (c) | 206 | 21,357 | |||
NH Investment & Securities Co., Ltd. | 2,698 | 34,782 | |||
OCI Co., Ltd. | 346 | 34,311 | |||
Orange Life Insurance, Ltd. (c) | 938 | 28,836 | |||
Orion Corp/Republic of Korea | 162 | 15,408 | |||
Ottogi Corp. | 4 | 2,694 | |||
Pan Ocean Co., Ltd. (a) | 4,702 | 22,212 | |||
POSCO ADR | 8,226 | 542,916 | |||
POSCO | 475 | 126,110 | |||
Posco Daewoo Corp. | 3,095 | 58,454 | |||
S-1 Corp. | 4,879 | 402,020 | |||
Samsung Biologics Co., Ltd. (a)(c) | 679 | 326,875 | |||
Samsung C&T Corp. | 1,342 | 156,673 | |||
Samsung Card Co., Ltd. | 367 | 12,175 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Samsung Electro-Mechanics Co., Ltd. | 1,907 | $ 238,966 | |||
Samsung Electronics Co., Ltd. GDR (g) | 2,914 | 3,050,958 | |||
Samsung Electronics Co., Ltd. Preference Shares | 23,182 | 791,020 | |||
Samsung Electronics Co., Ltd. | 132,185 | 5,535,265 | |||
Samsung Electronics Co., Ltd. GDR (g) | 692 | 587,508 | |||
Samsung Engineering Co., Ltd. (a) | 1,735 | 30,188 | |||
Samsung Fire & Marine Insurance Co., Ltd. | 2,874 | 735,827 | |||
Samsung Heavy Industries Co., Ltd. (a) | 12,231 | 89,093 | |||
Samsung Life Insurance Co., Ltd. | 7,325 | 642,526 | |||
Samsung SDI Co., Ltd. | 1,431 | 333,481 | |||
Samsung SDS Co., Ltd. | 384 | 79,968 | |||
Samsung Securities Co., Ltd. | 1,414 | 41,620 | |||
Shinhan Financial Group Co., Ltd. | 3,820 | 154,970 | |||
Shinhan Financial Group Co., Ltd. ADR (b) | 12,636 | 507,083 | |||
Shinsegae, Inc. | 180 | 58,824 | |||
SK Holdings Co., Ltd. | 1,592 | 411,904 | |||
SK Hynix, Inc. | 75,190 | 4,955,050 | |||
SK Innovation Co., Ltd. | 1,862 | 360,902 | |||
SK Telecom Co., Ltd. ADR | 27,290 | 760,845 | |||
SK Telecom Co., Ltd. | 617 | 156,857 | |||
S-Oil Corp. | 985 | 121,654 | |||
Woori Bank | 18,654 | 284,203 | |||
Yuhan Corp. | 203 | 44,379 | |||
39,811,109 | |||||
TAIWAN — 13.8% | |||||
Acer, Inc. (a) | 76,258 | 63,063 | |||
Advantech Co., Ltd. | 89,951 | 670,221 | |||
ASE Technology Holding Co., Ltd. | 124,124 | 302,860 | |||
Asia Cement Corp. | 43,200 | 58,717 | |||
Asustek Computer, Inc. | 75,000 | 648,479 | |||
AU Optronics Corp. | 856,000 | 361,655 | |||
Catcher Technology Co., Ltd. | 64,000 | 704,287 | |||
Cathay Financial Holding Co., Ltd. | 136,100 | 234,017 | |||
Chailease Holding Co., Ltd. | 10,363 | 36,316 | |||
Chang Hwa Commercial Bank, Ltd. | 134,768 | 83,422 | |||
Cheng Shin Rubber Industry Co., Ltd. | 38,000 | 59,739 | |||
Chicony Electronics Co., Ltd. | 244,822 | 495,529 | |||
China Airlines, Ltd. | 120,000 | 36,354 | |||
China Development Financial Holding Corp. | 426,000 | 159,054 | |||
China Life Insurance Co., Ltd. | 55,873 | 56,179 | |||
China Steel Corp. | 250,440 | 209,158 | |||
Chunghwa Telecom Co., Ltd. | 397,540 | 1,432,201 | |||
Compal Electronics, Inc. | 395,000 | 245,153 | |||
CTBC Financial Holding Co., Ltd. | 387,900 | 292,199 | |||
Delta Electronics, Inc. | 244,623 | 1,049,540 | |||
E.Sun Financial Holding Co., Ltd. | 813,884 | 601,090 |
Security Description | Shares | Value | |||
Eclat Textile Co., Ltd. | 16,379 | $ 202,773 | |||
Eva Airways Corp. | 208,192 | 101,256 | |||
Evergreen Marine Corp. Taiwan, Ltd. | 40,934 | 17,160 | |||
Far Eastern New Century Corp. | 125,560 | 146,808 | |||
Far EasTone Telecommunications Co., Ltd. | 433,449 | 1,033,475 | |||
Feng TAY Enterprise Co., Ltd. | 43,468 | 267,644 | |||
First Financial Holding Co., Ltd. | 1,487,552 | 1,013,365 | |||
Formosa Chemicals & Fibre Corp. | 55,000 | 230,570 | |||
Formosa Petrochemical Corp. | 86,000 | 416,860 | |||
Formosa Plastics Corp. | 97,000 | 371,696 | |||
Formosa Taffeta Co., Ltd. | 15,000 | 18,300 | |||
Foxconn Technology Co., Ltd. | 106,892 | 260,815 | |||
Fubon Financial Holding Co., Ltd. | 118,000 | 200,190 | |||
General Interface Solution Holding, Ltd. | 21,000 | 88,724 | |||
Giant Manufacturing Co., Ltd. | 4,000 | 17,162 | |||
Globalwafers Co., Ltd. | 5,000 | 55,104 | |||
Highwealth Construction Corp. | 15,500 | 24,570 | |||
Hiwin Technologies Corp. | 1,084 | 8,964 | |||
Hon Hai Precision Industry Co., Ltd. | 877,163 | 2,275,286 | |||
Hotai Motor Co., Ltd. | 5,000 | 42,823 | |||
HTC Corp. (a) | 8,000 | 10,638 | |||
Hua Nan Financial Holdings Co., Ltd. | 1,363,989 | 826,443 | |||
Innolux Corp. | 665,751 | 231,126 | |||
Inventec Corp. | 129,000 | 115,763 | |||
Largan Precision Co., Ltd. | 12,000 | 1,428,618 | |||
Lite-On Technology Corp. | 385,952 | 485,395 | |||
MediaTek, Inc. | 28,877 | 233,131 | |||
Mega Financial Holding Co., Ltd. | 241,657 | 217,652 | |||
Micro-Star International Co., Ltd. | 75,000 | 202,650 | |||
Nan Ya Plastics Corp. | 75,000 | 208,299 | |||
Nanya Technology Corp. | 190,000 | 361,543 | |||
Nien Made Enterprise Co., Ltd. | 20,000 | 156,552 | |||
Novatek Microelectronics Corp. | 81,000 | 400,583 | |||
Pegatron Corp. | 112,000 | 224,125 | |||
Phison Electronics Corp. | 26,000 | 206,924 | |||
Pou Chen Corp. | 93,000 | 98,230 | |||
Powertech Technology, Inc. | 80,000 | 218,256 | |||
President Chain Store Corp. | 115,000 | 1,350,260 | |||
Quanta Computer, Inc. | 162,000 | 282,265 | |||
Realtek Semiconductor Corp. | 3,000 | 13,363 | |||
Ruentex Development Co., Ltd. (a) | 80,443 | 94,188 | |||
Ruentex Industries, Ltd. (a) | 8,000 | 15,904 | |||
Shin Kong Financial Holding Co., Ltd. | 222,088 | 86,921 | |||
SinoPac Financial Holdings Co., Ltd. | 443,152 | 161,830 | |||
Standard Foods Corp. | 84,168 | 140,037 | |||
Synnex Technology International Corp. | 366,900 | 468,043 | |||
Taishin Financial Holding Co., Ltd. | 255,713 | 123,531 | |||
Taiwan Business Bank | 808,678 | 293,988 | |||
Taiwan Cement Corp. | 72,600 | 97,726 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Taiwan Cooperative Financial Holding Co., Ltd. | 2,448,859 | $ 1,491,788 | |||
Taiwan High Speed Rail Corp. | 18,000 | 17,627 | |||
Taiwan Mobile Co., Ltd. | 444,542 | 1,594,254 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,019,495 | 8,764,859 | |||
Teco Electric and Machinery Co., Ltd. | 32,000 | 23,214 | |||
Uni-President Enterprises Corp. | 77,164 | 201,420 | |||
United Microelectronics Corp. | 870,000 | 460,174 | |||
Vanguard International Semiconductor Corp. | 86,000 | 191,530 | |||
Win Semiconductors Corp. | 3,000 | 13,215 | |||
Winbond Electronics Corp. | 53,000 | 25,169 | |||
Wistron Corp. | 209,535 | 136,565 | |||
WPG Holdings, Ltd. (e) | 209,000 | 259,427 | |||
Yageo Corp. | 1,198 | 18,009 | |||
Yuanta Financial Holding Co., Ltd. | 268,466 | 141,562 | |||
Zhen Ding Technology Holding, Ltd. | 15,000 | 33,505 | |||
36,719,080 | |||||
THAILAND — 3.8% | |||||
Advanced Info Service PCL (e) | 131,700 | 818,544 | |||
Airports of Thailand PCL (e) | 49,600 | 100,458 | |||
Airports of Thailand PCL NVDR | 318,670 | 645,420 | |||
Bangkok Bank PCL | 3,700 | 24,941 | |||
Bangkok Bank PCL NVDR | 3,500 | 22,727 | |||
Bangkok Dusit Medical Services PCL (e) | 887,592 | 699,864 | |||
Bangkok Expressway & Metro PCL (e) | 1,658,233 | 446,092 | |||
Banpu PCL (e) | 31,970 | 18,882 | |||
Berli Jucker PCL NVDR | 15,500 | 28,517 | |||
BTS Group Holdings PCL (e) | 2,062,598 | 593,140 | |||
Bumrungrad Hospital PCL (e) | 110,100 | 633,228 | |||
Central Pattana PCL NVDR | 54,800 | 140,643 | |||
Central Pattana PCL (e) | 88,400 | 226,877 | |||
Charoen Pokphand Foods PCL (e) | 72,486 | 56,595 | |||
CP ALL PCL (e) | 382,500 | 816,095 | |||
Delta Electronics Thailand PCL (e) | 162,344 | 350,139 | |||
Delta Electronics Thailand PCL NVDR | 300 | 647 | |||
Electricity Generating PCL (e) | 48,700 | 355,387 | |||
Energy Absolute PCL (e) | 900 | 1,343 | |||
Energy Absolute PCL NVDR | 2,700 | 4,028 | |||
Glow Energy PCL (e) | 87,800 | 238,912 | |||
Glow Energy PCL NVDR | 107,600 | 292,789 | |||
Home Product Center PCL (e) | 882,759 | 431,280 | |||
Indorama Ventures PCL (e) | 1,400 | 2,554 | |||
Indorama Ventures PCL NVDR | 32,400 | 59,110 | |||
IRPC PCL (e) | 825,600 | 173,596 | |||
Kasikornbank PCL | 17,800 | 119,988 | |||
Kasikornbank PCL NVDR | 58,900 | 393,395 | |||
Krung Thai Bank PCL (e) | 757,000 | 472,832 | |||
Minor International PCL (e) | 15,900 | 20,158 | |||
Minor International PCL NVDR | 75,819 | 96,122 |
Security Description | Shares | Value | |||
PTT Exploration & Production PCL (e) | 19,128 | $ 91,677 | |||
PTT Global Chemical PCL (e) | 74,003 | 185,923 | |||
PTT PCL (e) | 202,660 | 339,960 | |||
Robinson PCL NVDR | 69,100 | 150,635 | |||
Robinson PCL (e) | 17,300 | 37,713 | |||
Siam Cement PCL | 34,650 | 503,571 | |||
Siam Cement PCL NVDR | 11,200 | 154,459 | |||
Siam Commercial Bank PCL (e) | 49,300 | 227,140 | |||
Thai Oil PCL (e) | 28,888 | 79,053 | |||
Thai Union Group PCL NVDR | 184,600 | 102,175 | |||
Thai Union Group PCL Class F (e) | 20,000 | 11,070 | |||
TMB Bank PCL (e) | 40,200 | 2,859 | |||
TMB Bank PCL NVDR | 245,000 | 17,424 | |||
True Corp. PCL (e) | 158,500 | 29,651 | |||
10,217,613 | |||||
TURKEY — 0.6% | |||||
Akbank T.A.S. | 92,624 | 106,697 | |||
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 4,682 | 16,429 | |||
Arcelik A/S | 4,469 | 10,303 | |||
Aselsan Elektronik Sanayi Ve Ticaret A/S | 15,563 | 71,451 | |||
BIM Birlesik Magazalar A/S | 24,476 | 331,450 | |||
Coca-Cola Icecek A/S | 736 | 4,136 | |||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S REIT | 60,350 | 17,983 | |||
Eregli Demir ve Celik Fabrikalari TAS | 25,163 | 46,202 | |||
Ford Otomotiv Sanayi A/S | 7,660 | 83,903 | |||
Haci Omer Sabanci Holding A/S | 29,880 | 37,951 | |||
KOC Holding A/S | 26,836 | 76,211 | |||
Petkim Petrokimya Holding A/S | 54,725 | 48,737 | |||
TAV Havalimanlari Holding A/S | 2,858 | 14,882 | |||
Tofas Turk Otomobil Fabrikasi A/S | 13,507 | 48,071 | |||
Tupras Turkiye Petrol Rafinerileri A/S | 13,773 | 307,682 | |||
Turk Hava Yollari AO (a) | 14,913 | 47,391 | |||
Turkcell Iletisim Hizmetleri A/S | 23,944 | 45,996 | |||
Turkiye Garanti Bankasi A/S | 75,270 | 96,604 | |||
Turkiye Halk Bankasi A/S | 47,514 | 52,914 | |||
Turkiye Is Bankasi A/S Class C | 73,900 | 54,373 | |||
Turkiye Sise ve Cam Fabrikalari A/S | 32,818 | 31,904 | |||
Turkiye Vakiflar Bankasi TAO Class D | 31,553 | 19,907 | |||
Ulker Biskuvi Sanayi A/S (a) | 1,052 | 2,965 | |||
Yapi ve Kredi Bankasi A/S (a) | 166,312 | 52,048 | |||
1,626,190 | |||||
UNITED ARAB EMIRATES — 1.3% | |||||
Abu Dhabi Commercial Bank PJSC | 57,662 | 124,490 | |||
Aldar Properties PJSC | 114,229 | 56,912 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
DAMAC Properties Dubai Co. PJSC | 236,167 | $ 131,166 | |||
DP World, Ltd. | 14,653 | 279,872 | |||
Dubai Investments PJSC | 52,858 | 27,055 | |||
Dubai Islamic Bank PJSC | 155,590 | 228,320 | |||
Emaar Development PJSC | 107,562 | 153,449 | |||
Emaar Malls PJSC | 6,474 | 3,225 | |||
Emaar Properties PJSC | 97,389 | 131,247 | |||
Emirates Telecommunications Group Co. PJSC | 262,874 | 1,195,191 | |||
First Abu Dhabi Bank PJSC | 281,477 | 1,095,852 | |||
3,426,779 | |||||
TOTAL COMMON STOCKS (Cost $251,959,812) | 265,192,644 |
WARRANTS — 0.0% (f) | |||
THAILAND — 0.0% (f) | |||
BTS Group Holdings PCL (expiring 8/1/19) (a) (e) (Cost $0) | 218,955 | — | |
SHORT-TERM INVESTMENTS — 1.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 325,185 | 325,185 | |
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 2,508,511 | 2,508,511 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $2,833,696) | 2,833,696 | ||
TOTAL INVESTMENTS — 100.5% (Cost $254,793,508) | 268,026,340 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.5)% | (1,301,109) | ||
NET ASSETS — 100.0% | $ 266,725,231 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 1.2% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the security is $0, representing 0.0% of the Fund's net assets. |
(e) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $7,721,818 representing 2.8% of net assets. |
(f) | Amount is less than 0.05% of net assets. |
(g) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
NVDR | = Non Voting Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 10,806,594 | $ — | $— | $ 10,806,594 | ||||
Chile | 3,650,390 | — | — | 3,650,390 | ||||
China | 63,065,540 | — | 0(a) | 63,065,540 | ||||
Colombia | 947,699 | — | — | 947,699 | ||||
Czech Republic | 757,060 | — | — | 757,060 | ||||
Egypt | 1,073,135 | — | — | 1,073,135 | ||||
Greece | 888,367 | 1,369 | — | 889,736 | ||||
Hong Kong | 2,431,421 | — | 0(a) | 2,431,421 | ||||
Hungary | 1,050,492 | — | — | 1,050,492 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
India | $ 30,489,170 | $ — | $— | $ 30,489,170 | ||||
Indonesia | 10,669,562 | — | — | 10,669,562 | ||||
Luxembourg | 148,593 | — | — | 148,593 | ||||
Malaysia | 10,186,498 | — | — | 10,186,498 | ||||
Mexico | 6,020,920 | — | — | 6,020,920 | ||||
Pakistan | 282,862 | — | — | 282,862 | ||||
Peru | 1,366,675 | — | — | 1,366,675 | ||||
Philippines | 3,232,711 | — | — | 3,232,711 | ||||
Poland | 1,910,092 | — | — | 1,910,092 | ||||
Qatar | 3,357,216 | — | — | 3,357,216 | ||||
Romania | 36,469 | — | — | 36,469 | ||||
Russia | 9,458,924 | — | — | 9,458,924 | ||||
Singapore | 124,892 | — | — | 124,892 | ||||
South Africa | 11,435,222 | — | — | 11,435,222 | ||||
South Korea | 39,811,109 | — | — | 39,811,109 | ||||
Taiwan | 36,459,653 | 259,427 | — | 36,719,080 | ||||
Thailand | 2,756,591 | 7,461,022 | — | 10,217,613 | ||||
Turkey | 1,626,190 | — | — | 1,626,190 | ||||
United Arab Emirates | 3,426,779 | — | — | 3,426,779 | ||||
Warrants | ||||||||
Thailand | — | 0(b) | — | 0 | ||||
Short-Term Investments | 2,833,696 | — | — | 2,833,696 | ||||
TOTAL INVESTMENTS | $260,304,522 | $7,721,818 | $— | $268,026,340 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
(b) | Fund held a Level 2 security that was valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 647,704 | $ 647,704 | $32,657,604 | $32,980,123 | $— | $— | 325,185 | $ 325,185 | $ 6,303 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 3,055,835 | 3,055,835 | 27,940,867 | 28,488,191 | — | — | 2,508,511 | 2,508,511 | 28,283 | — | |||||||||
Total | $3,703,539 | $60,598,471 | $61,468,314 | $— | $— | $2,833,696 | $34,586 | $— |
60 | ARQEMM |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.6% | |||||
AUSTRALIA — 1.4% | |||||
AGL Energy, Ltd. | 115 | $ 1,623 | |||
Amcor, Ltd. | 251 | 2,484 | |||
AMP, Ltd. | 1,128 | 2,604 | |||
Aristocrat Leisure, Ltd. | 629 | 12,943 | |||
Aurizon Holdings, Ltd. | 1,168 | 3,473 | |||
Australia & New Zealand Banking Group, Ltd. | 1,142 | 23,285 | |||
Bendigo & Adelaide Bank, Ltd. | 308 | 2,396 | |||
BHP Billiton PLC | 623 | 13,577 | |||
BHP Billiton, Ltd. | 675 | 16,913 | |||
Brambles, Ltd. | 2,102 | 16,578 | |||
Caltex Australia, Ltd. | 110 | 2,380 | |||
Cochlear, Ltd. | 71 | 10,307 | |||
Commonwealth Bank of Australia (a) | 681 | 35,186 | |||
CSL, Ltd. | 528 | 76,831 | |||
Dexus REIT | 675 | 5,157 | |||
Domino's Pizza Enterprises, Ltd. | 139 | 5,351 | |||
Flight Centre Travel Group, Ltd. (a) | 114 | 4,385 | |||
Fortescue Metals Group, Ltd. | 1,313 | 3,724 | |||
Goodman Group REIT | 716 | 5,367 | |||
GPT Group REIT | 1,315 | 4,957 | |||
Incitec Pivot, Ltd. | 625 | 1,800 | |||
Insurance Australia Group, Ltd. | 187 | 990 | |||
LendLease Group | 70 | 996 | |||
Macquarie Group, Ltd. | 62 | 5,654 | |||
Medibank Pvt, Ltd. | 3,287 | 6,921 | |||
Mirvac Group REIT | 2,867 | 4,999 | |||
National Australia Bank, Ltd. (a) | 1,268 | 25,515 | |||
Newcrest Mining, Ltd. | 543 | 7,626 | |||
Oil Search, Ltd. (a) | 498 | 3,254 | |||
Origin Energy, Ltd. (b) | 699 | 4,178 | |||
QBE Insurance Group, Ltd. | 548 | 4,409 | |||
REA Group, Ltd. | 73 | 4,539 | |||
Santos, Ltd. | 5 | 26 | |||
Scentre Group REIT | 2,341 | 6,725 | |||
Sonic Healthcare, Ltd. | 794 | 14,311 | |||
South32, Ltd. | 953 | 2,703 | |||
Stockland REIT | 1,572 | 4,720 | |||
Suncorp Group, Ltd. | 418 | 4,373 | |||
Telstra Corp., Ltd. | 5,970 | 13,780 | |||
Transurban Group Stapled Security | 186 | 1,510 | |||
Vicinity Centres REIT | 2,473 | 4,688 | |||
Wesfarmers, Ltd. | 309 | 11,145 | |||
Westpac Banking Corp. | 1,425 | 28,797 | |||
Woodside Petroleum, Ltd. | 168 | 4,690 | |||
Woolworths Group, Ltd. | 618 | 12,556 | |||
430,426 | |||||
AUSTRIA — 0.0% (c) | |||||
Erste Group Bank AG (b) | 165 | 6,857 | |||
OMV AG | 90 | 5,059 | |||
Raiffeisen Bank International AG | 5 | 144 | |||
Voestalpine AG | 20 | 915 | |||
12,975 |
Security Description | Shares | Value | |||
BELGIUM — 0.3% | |||||
Ageas | 130 | $ 6,993 | |||
Anheuser-Busch InBev SA | 145 | 12,668 | |||
Colruyt SA (a) | 362 | 20,498 | |||
Groupe Bruxelles Lambert SA | 50 | 5,244 | |||
KBC Group NV | 95 | 7,073 | |||
Proximus SADP | 786 | 18,788 | |||
Solvay SA | 40 | 5,366 | |||
UCB SA | 306 | 27,509 | |||
104,139 | |||||
BERMUDA — 0.1% | |||||
RenaissanceRe Holdings, Ltd. | 200 | 26,716 | |||
CANADA — 3.1% | |||||
Agnico Eagle Mines, Ltd. | 724 | 24,712 | |||
Alimentation Couche-Tard, Inc. Class B | 478 | 23,893 | |||
Bank of Montreal | 475 | 39,151 | |||
Bank of Nova Scotia | 468 | 27,875 | |||
Barrick Gold Corp. | 2,550 | 28,191 | |||
BCE, Inc. | 785 | 31,780 | |||
Bombardier, Inc. Class B (b) | 968 | 3,445 | |||
Brookfield Asset Management, Inc. Class A | 245 | 10,897 | |||
Canadian Imperial Bank of Commerce (a) | 303 | 28,371 | |||
Canadian National Railway Co. | 844 | 75,677 | |||
Canadian Natural Resources, Ltd. | 309 | 10,088 | |||
Canadian Pacific Railway, Ltd. | 160 | 33,821 | |||
Cenovus Energy, Inc. | 500 | 5,017 | |||
CGI Group, Inc. Class A (b) | 100 | 6,443 | |||
CI Financial Corp. | 500 | 7,934 | |||
Constellation Software, Inc. | 30 | 22,046 | |||
Enbridge, Inc. | 255 | 8,222 | |||
Enbridge, Inc. (a) | 255 | 8,234 | |||
Encana Corp. | 400 | 5,239 | |||
Fairfax Financial Holdings, Ltd. | 60 | 32,573 | |||
First Capital Realty, Inc. (a) | 600 | 9,051 | |||
Fortis, Inc. | 200 | 6,480 | |||
Franco-Nevada Corp. | 898 | 56,134 | |||
George Weston, Ltd. | 100 | 7,564 | |||
Gildan Activewear, Inc. | 260 | 7,905 | |||
Goldcorp, Inc. | 1,429 | 14,549 | |||
Great-West Lifeco, Inc. | 185 | 4,485 | |||
Husky Energy, Inc. | 400 | 7,018 | |||
Imperial Oil, Ltd. | 105 | 3,395 | |||
Industrial Alliance Insurance & Financial Services, Inc. | 100 | 3,996 | |||
Intact Financial Corp. | 730 | 60,654 | |||
Linamar Corp. | 100 | 4,604 | |||
Loblaw Cos., Ltd. | 30 | 1,540 | |||
Magna International, Inc. | 455 | 23,883 | |||
Manulife Financial Corp. | 498 | 8,896 | |||
Metro, Inc. | 174 | 5,409 | |||
National Bank of Canada (a) | 100 | 4,991 | |||
Nutrien, Ltd. (a) | 200 | 11,540 | |||
Open Text Corp. | 300 | 11,407 | |||
Pembina Pipeline Corp. | 40 | 1,358 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Power Corp. of Canada | 195 | $ 4,233 | |||
Power Financial Corp. | 165 | 3,777 | |||
PrairieSky Royalty, Ltd. (a) | 93 | 1,632 | |||
Restaurant Brands International, Inc. (a) | 11 | 651 | |||
RioCan Real Estate Investment Trust | 735 | 14,034 | |||
Rogers Communications, Inc. Class B | 698 | 35,872 | |||
Royal Bank of Canada | 516 | 41,333 | |||
Saputo, Inc. | 280 | 8,322 | |||
Shaw Communications, Inc. Class B | 803 | 15,636 | |||
SmartCentres Real Estate Investment Trust | 13 | 307 | |||
SNC-Lavalin Group, Inc. | 100 | 4,075 | |||
Sun Life Financial, Inc. | 160 | 6,356 | |||
Suncor Energy, Inc. | 293 | 11,329 | |||
Teck Resources, Ltd. Class B | 200 | 4,817 | |||
TELUS Corp. | 985 | 36,280 | |||
Thomson Reuters Corp. | 545 | 24,851 | |||
Toronto-Dominion Bank | 1,157 | 70,256 | |||
TransCanada Corp. (a) | 200 | 8,086 | |||
Waste Connections, Inc. | 100 | 7,977 | |||
Wheaton Precious Metals Corp. | 104 | 1,818 | |||
990,110 | |||||
CHINA — 0.1% | |||||
BOC Hong Kong Holdings, Ltd. | 2,500 | 11,885 | |||
Minth Group, Ltd. | 2,000 | 8,256 | |||
20,141 | |||||
DENMARK — 1.2% | |||||
AP Moller - Maersk A/S Class A | 5 | 6,561 | |||
Carlsberg A/S Class B | 5 | 600 | |||
Chr. Hansen Holding A/S | 315 | 31,989 | |||
Coloplast A/S Class B | 364 | 37,237 | |||
Danske Bank A/S | 415 | 10,905 | |||
DSV A/S | 28 | 2,547 | |||
H Lundbeck A/S | 349 | 21,564 | |||
ISS A/S | 83 | 2,922 | |||
Novo Nordisk A/S Class B | 2,597 | 122,319 | |||
Novozymes A/S Class B | 267 | 14,664 | |||
Orsted A/S (d) | 587 | 39,890 | |||
Pandora A/S | 475 | 29,675 | |||
Tryg A/S | 663 | 16,512 | |||
Vestas Wind Systems A/S | 40 | 2,706 | |||
William Demant Holding A/S (b) | 613 | 23,048 | |||
363,139 | |||||
FINLAND — 0.4% | |||||
Elisa Oyj | 676 | 28,682 | |||
Fortum Oyj | 5 | 125 | |||
Kone Oyj Class B | 498 | 26,619 | |||
Neste Oyj | 104 | 8,601 | |||
Nokia Oyj (e) | 640 | 3,551 | |||
Nokia Oyj (e) | 725 | 4,029 | |||
Nokian Renkaat Oyj | 134 | 5,493 | |||
Orion Oyj Class B | 175 | 6,631 | |||
Sampo Oyj Class A | 120 | 6,216 |
Security Description | Shares | Value | |||
Stora Enso Oyj Class R | 258 | $ 4,937 | |||
UPM-Kymmene Oyj | 210 | 8,244 | |||
Wartsila OYJ Abp | 541 | 10,550 | |||
113,678 | |||||
FRANCE — 2.7% | |||||
Aeroports de Paris | 4 | 901 | |||
Air Liquide SA | 86 | 11,317 | |||
Airbus SE | 113 | 14,199 | |||
Arkema SA | 14 | 1,735 | |||
Atos SE | 38 | 4,524 | |||
AXA SA | 1,298 | 34,902 | |||
BNP Paribas SA | 716 | 43,835 | |||
Bouygues SA | 135 | 5,838 | |||
Bureau Veritas SA | 5 | 129 | |||
Capgemini SE | 35 | 4,407 | |||
Carrefour SA | 621 | 11,901 | |||
Casino Guichard Perrachon SA (a) | 122 | 5,132 | |||
Cie de Saint-Gobain | 190 | 8,197 | |||
Cie Generale des Etablissements Michelin SCA | 85 | 10,164 | |||
CNP Assurances | 22 | 530 | |||
Credit Agricole SA | 732 | 10,531 | |||
Danone SA | 136 | 10,536 | |||
Dassault Systemes SE | 264 | 39,479 | |||
Eiffage SA | 45 | 5,026 | |||
Electricite de France SA | 426 | 7,484 | |||
Engie SA | 1,268 | 18,653 | |||
Essilor International Cie Generale d'Optique SA | 46 | 6,810 | |||
Faurecia SA | 60 | 3,613 | |||
Gecina SA REIT | 30 | 5,011 | |||
Hermes International | 146 | 96,762 | |||
Iliad SA | 5 | 653 | |||
Ipsen SA | 35 | 5,886 | |||
Kering SA | 4 | 2,145 | |||
Klepierre SA REIT | 131 | 4,645 | |||
Legrand SA | 13 | 948 | |||
L'Oreal SA | 247 | 59,587 | |||
LVMH Moet Hennessy Louis Vuitton SE | 268 | 94,816 | |||
Natixis SA | 785 | 5,328 | |||
Orange SA | 1,058 | 16,879 | |||
Pernod Ricard SA | 20 | 3,282 | |||
Peugeot SA | 403 | 10,874 | |||
Publicis Groupe SA | 91 | 5,441 | |||
Renault SA | 125 | 10,816 | |||
Rexel SA | 220 | 3,305 | |||
Safran SA | 352 | 49,348 | |||
Sanofi | 380 | 33,791 | |||
Schneider Electric SE | 130 | 10,464 | |||
SCOR SE | 145 | 6,737 | |||
Societe BIC SA | 40 | 3,663 | |||
Societe Generale SA | 619 | 26,580 | |||
Sodexo SA | 50 | 5,305 | |||
Suez | 275 | 3,910 | |||
Thales SA | 108 | 15,348 | |||
TOTAL SA | 934 | 60,578 | |||
Unibail-Rodamco-Westfield | 1,040 | 10,625 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Unibail-Rodamco-Westfield | 25 | $ 5,030 | |||
Valeo SA | 72 | 3,128 | |||
Veolia Environnement SA | 305 | 6,090 | |||
Vinci SA | 141 | 13,433 | |||
Vivendi SA | 285 | 7,339 | |||
847,590 | |||||
GERMANY — 2.2% | |||||
adidas AG | 211 | 51,687 | |||
Allianz SE | 189 | 42,148 | |||
BASF SE | 287 | 25,518 | |||
Bayer AG | 228 | 20,262 | |||
Bayerische Motoren Werke AG | 225 | 20,309 | |||
Bayerische Motoren Werke AG Preference Shares | 55 | 4,325 | |||
Beiersdorf AG | 110 | 12,416 | |||
Brenntag AG | 90 | 5,557 | |||
Commerzbank AG (b) | 874 | 9,111 | |||
Continental AG | 133 | 23,164 | |||
Covestro AG (d) | 291 | 23,612 | |||
Daimler AG | 655 | 41,348 | |||
Deutsche Bank AG | 1,561 | 17,819 | |||
Deutsche Boerse AG | 30 | 4,021 | |||
Deutsche Lufthansa AG | 203 | 4,989 | |||
Deutsche Post AG | 1,163 | 41,484 | |||
Deutsche Telekom AG | 1,407 | 22,691 | |||
E.ON SE | 756 | 7,710 | |||
Fresenius Medical Care AG & Co. KGaA | 50 | 5,144 | |||
Fresenius SE & Co. KGaA | 105 | 7,713 | |||
Fuchs Petrolub SE Preference Shares | 110 | 6,148 | |||
Hannover Rueck SE | 37 | 5,230 | |||
HeidelbergCement AG | 60 | 4,692 | |||
Henkel AG & Co. KGaA Preference Shares | 162 | 19,014 | |||
Henkel AG & Co. KGaA | 135 | 14,340 | |||
HUGO BOSS AG | 78 | 6,008 | |||
Infineon Technologies AG | 252 | 5,728 | |||
Innogy SE (b) | 121 | 5,137 | |||
KS AG | 145 | 3,045 | |||
Lanxess AG | 11 | 806 | |||
Linde AG | 50 | 11,830 | |||
MAN SE | 173 | 18,818 | |||
Merck KGaA | 9 | 930 | |||
METRO AG | 49 | 768 | |||
MTU Aero Engines AG | 52 | 11,723 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 77 | 17,060 | |||
Porsche Automobil Holding SE Preference Shares | 63 | 4,244 | |||
ProSiebenSat.1 Media SE | 250 | 6,496 | |||
RWE AG | 330 | 8,145 | |||
SAP SE | 215 | 26,471 | |||
Siemens AG | 217 | 27,811 | |||
Siemens Healthineers AG (b)(d) | 230 | 10,118 | |||
Telefonica Deutschland Holding AG | 142 | 601 | |||
ThyssenKrupp AG | 185 | 4,671 |
Security Description | Shares | Value | |||
TUI AG | 1,325 | $ 25,451 | |||
Uniper SE | 381 | 11,732 | |||
Volkswagen AG | 17 | 2,964 | |||
Volkswagen AG Preference Shares | 158 | 27,821 | |||
Vonovia SE | 109 | 5,327 | |||
684,157 | |||||
HONG KONG — 2.0% | |||||
AIA Group, Ltd. | 2,000 | 17,866 | |||
ASM Pacific Technology, Ltd. | 400 | 4,074 | |||
Bank of East Asia, Ltd. | 730 | 2,724 | |||
CK Asset Holdings, Ltd. | 770 | 5,781 | |||
CK Hutchison Holdings, Ltd. | 1,500 | 17,291 | |||
CK Infrastructure Holdings, Ltd. | 3,000 | 23,770 | |||
CLP Holdings, Ltd. | 8,000 | 93,701 | |||
Dairy Farm International Holdings, Ltd. | 600 | 5,400 | |||
Hang Seng Bank, Ltd. | 3,900 | 105,962 | |||
Henderson Land Development Co., Ltd. | 1,100 | 5,532 | |||
HK Electric Investments & HK Electric Investments, Ltd. (a) | 11,831 | 11,944 | |||
HKT Trust & HKT, Ltd. | 19,540 | 26,869 | |||
Hong Kong & China Gas Co., Ltd. | 14,512 | 28,820 | |||
Hong Kong Exchanges & Clearing, Ltd. | 1,156 | 33,092 | |||
Hongkong Land Holdings, Ltd. | 1,100 | 7,282 | |||
Jardine Matheson Holdings, Ltd. | 700 | 43,925 | |||
Jardine Strategic Holdings, Ltd. | 400 | 14,520 | |||
Link REIT | 3,500 | 34,464 | |||
MTR Corp., Ltd. | 7,618 | 40,111 | |||
New World Development Co., Ltd. | 3,322 | 4,534 | |||
PCCW, Ltd. | 24,000 | 13,986 | |||
Power Assets Holdings, Ltd. | 3,000 | 20,895 | |||
Sands China, Ltd. | 2,800 | 12,685 | |||
Sun Hung Kai Properties, Ltd. | 1,000 | 14,569 | |||
Techtronic Industries Co., Ltd. | 1,500 | 9,585 | |||
WH Group, Ltd. (d) | 4,500 | 3,169 | |||
Wharf Holdings, Ltd. | 2,000 | 5,444 | |||
Wharf Real Estate Investment Co., Ltd. | 1,000 | 6,454 | |||
Wheelock & Co., Ltd. | 1,000 | 6,000 | |||
Yue Yuen Industrial Holdings, Ltd. | 500 | 1,390 | |||
621,839 | |||||
IRELAND — 1.0% | |||||
Accenture PLC Class A | 1,237 | 210,537 | |||
AerCap Holdings NV (b) | 99 | 5,694 | |||
AIB Group PLC | 1,576 | 8,073 | |||
Bank of Ireland Group PLC | 457 | 3,501 | |||
CRH PLC | 225 | 7,364 | |||
Kerry Group PLC Class A | 445 | 49,232 | |||
Paddy Power Betfair PLC | 16 | 1,366 | |||
Ryanair Holdings PLC ADR (b) | 175 | 16,807 | |||
Smurfit Kappa Group PLC | 121 | 4,787 | |||
307,361 | |||||
ISRAEL — 0.3% | |||||
Azrieli Group, Ltd. | 179 | 9,196 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Bank Hapoalim BM | 1,317 | $ 9,649 | |||
Bank Leumi Le-Israel BM | 1,653 | 10,906 | |||
Bezeq The Israeli Telecommunication Corp., Ltd. | 1,240 | 1,426 | |||
Check Point Software Technologies, Ltd. (b) | 249 | 29,300 | |||
Elbit Systems, Ltd. | 43 | 5,454 | |||
Israel Chemicals, Ltd. | 5 | 30 | |||
Mizrahi Tefahot Bank, Ltd. | 750 | 13,143 | |||
Nice, Ltd. (b) | 78 | 8,827 | |||
Teva Pharmaceutical Industries, Ltd. | 460 | 10,086 | |||
98,017 | |||||
ITALY — 0.7% | |||||
Assicurazioni Generali SpA | 1,003 | 17,335 | |||
Atlantia SpA | 190 | 3,944 | |||
Enel SpA | 3,796 | 19,453 | |||
Eni SpA | 650 | 12,293 | |||
Ferrari NV | 130 | 17,908 | |||
Intesa Sanpaolo SpA | 14,492 | 37,048 | |||
Leonardo SpA | 520 | 6,269 | |||
Luxottica Group SpA | 458 | 31,131 | |||
Mediobanca Banca di Credito Finanziario SpA | 521 | 5,207 | |||
Moncler SpA | 296 | 12,755 | |||
Poste Italiane SpA (d) | 616 | 4,924 | |||
Recordati SpA | 137 | 4,640 | |||
Snam SpA | 5,953 | 24,816 | |||
Telecom Italia SpA/Milano (b) | 8,656 | 5,258 | |||
Telecom Italia SpA/Milano | 6,730 | 3,622 | |||
UniCredit SpA | 907 | 13,657 | |||
220,260 | |||||
JAPAN — 9.9% | |||||
ABC-Mart, Inc. (a) | 200 | 11,128 | |||
Aeon Co., Ltd. (a) | 500 | 12,050 | |||
AGC, Inc. | 100 | 4,151 | |||
Aisin Seiki Co., Ltd. | 100 | 4,869 | |||
Ajinomoto Co., Inc. | 600 | 10,303 | |||
Alfresa Holdings Corp. | 200 | 5,353 | |||
ANA Holdings, Inc. | 600 | 20,971 | |||
Aozora Bank, Ltd. | 100 | 3,574 | |||
Asahi Group Holdings, Ltd. | 100 | 4,336 | |||
Asahi Kasei Corp. | 400 | 6,068 | |||
Astellas Pharma, Inc. | 5,500 | 95,972 | |||
Benesse Holdings, Inc. | 400 | 11,392 | |||
Bridgestone Corp. | 300 | 11,339 | |||
Calbee, Inc. | 100 | 3,293 | |||
Canon, Inc. | 2,200 | 69,921 | |||
Central Japan Railway Co. | 100 | 20,830 | |||
Chiba Bank, Ltd. | 600 | 4,099 | |||
Chubu Electric Power Co., Inc. | 500 | 7,565 | |||
Chugoku Electric Power Co., Inc. | 100 | 1,285 | |||
Concordia Financial Group, Ltd. | 1,400 | 6,865 | |||
Dai Nippon Printing Co., Ltd. | 200 | 4,652 | |||
Dai-ichi Life Holdings, Inc. | 700 | 14,578 | |||
Daiichi Sankyo Co., Ltd. | 800 | 34,688 | |||
Daikin Industries, Ltd. | 100 | 13,316 |
Security Description | Shares | Value | |||
Daito Trust Construction Co., Ltd. (a) | 300 | $ 38,601 | |||
Daiwa House Industry Co., Ltd. | 200 | 5,930 | |||
Daiwa House REIT Investment Corp. | 6 | 13,729 | |||
Daiwa Securities Group, Inc. | 1,000 | 6,085 | |||
Denso Corp. | 200 | 10,563 | |||
Dentsu, Inc. | 100 | 4,640 | |||
Disco Corp. | 100 | 16,745 | |||
East Japan Railway Co. | 100 | 9,293 | |||
Eisai Co., Ltd. | 200 | 19,474 | |||
Electric Power Development Co., Ltd. | 200 | 5,538 | |||
FamilyMart UNY Holdings Co., Ltd. | 100 | 10,415 | |||
FUJIFILM Holdings Corp. | 500 | 22,516 | |||
Fujitsu, Ltd. | 100 | 7,128 | |||
Hamamatsu Photonics KK | 500 | 19,919 | |||
Hankyu Hanshin Holdings, Inc. | 300 | 10,644 | |||
Hino Motors, Ltd. | 200 | 2,190 | |||
Hitachi, Ltd. | 600 | 20,390 | |||
Honda Motor Co., Ltd. (a) | 1,000 | 30,277 | |||
Hoya Corp. | 400 | 23,771 | |||
Idemitsu Kosan Co., Ltd. | 100 | 5,291 | |||
IHI Corp. | 100 | 3,790 | |||
Inpex Corp. | 600 | 7,485 | |||
Isetan Mitsukoshi Holdings, Ltd. | 100 | 1,228 | |||
Isuzu Motors, Ltd. | 100 | 1,577 | |||
ITOCHU Corp. | 700 | 12,819 | |||
Japan Airlines Co., Ltd. | 700 | 25,169 | |||
Japan Post Bank Co., Ltd. (a) | 2,100 | 24,830 | |||
Japan Post Holdings Co., Ltd. | 1,500 | 17,854 | |||
Japan Prime Realty Investment Corp. REIT | 5 | 17,828 | |||
Japan Real Estate Investment Corp. REIT | 6 | 31,483 | |||
Japan Retail Fund Investment Corp. REIT | 7 | 12,702 | |||
Japan Tobacco, Inc. | 1,400 | 36,558 | |||
JFE Holdings, Inc. | 300 | 6,886 | |||
JTEKT Corp. | 200 | 2,928 | |||
JXTG Holdings, Inc. | 1,900 | 14,357 | |||
Kakaku.com, Inc. | 200 | 3,912 | |||
Kansai Electric Power Co., Inc. | 500 | 7,541 | |||
Kao Corp. | 600 | 48,461 | |||
Kawasaki Heavy Industries, Ltd. | 100 | 2,822 | |||
KDDI Corp. | 2,600 | 71,853 | |||
Keikyu Corp. | 400 | 7,293 | |||
Keyence Corp. | 100 | 58,089 | |||
Kintetsu Group Holdings Co., Ltd. | 100 | 4,023 | |||
Kirin Holdings Co., Ltd. | 500 | 12,814 | |||
Kobe Steel, Ltd. | 500 | 4,446 | |||
Koito Manufacturing Co., Ltd. | 100 | 6,568 | |||
Komatsu, Ltd. | 100 | 3,043 | |||
Konica Minolta, Inc. | 500 | 5,318 | |||
Kubota Corp. | 200 | 3,400 | |||
Kuraray Co., Ltd. | 300 | 4,511 | |||
Kyocera Corp. | 100 | 6,004 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Kyushu Electric Power Co., Inc. | 500 | $ 6,035 | |||
Kyushu Railway Co. | 557 | 16,967 | |||
Lawson, Inc. | 300 | 18,277 | |||
Lion Corp. | 300 | 6,666 | |||
LIXIL Group Corp. | 200 | 3,853 | |||
M3, Inc. | 400 | 9,079 | |||
Marubeni Corp. | 1,500 | 13,734 | |||
Mazda Motor Corp. | 500 | 6,004 | |||
McDonald's Holdings Co. Japan, Ltd. | 300 | 13,180 | |||
Mebuki Financial Group, Inc. | 1,400 | 4,844 | |||
Medipal Holdings Corp. | 200 | 4,175 | |||
MEIJI Holdings Co., Ltd. | 200 | 13,435 | |||
MISUMI Group, Inc. | 300 | 7,765 | |||
Mitsubishi Chemical Holdings Corp. | 800 | 7,659 | |||
Mitsubishi Corp. | 600 | 18,494 | |||
Mitsubishi Electric Corp. | 800 | 10,963 | |||
Mitsubishi Estate Co., Ltd. | 300 | 5,103 | |||
Mitsubishi Heavy Industries, Ltd. | 200 | 7,725 | |||
Mitsubishi Materials Corp. | 200 | 5,978 | |||
Mitsubishi Motors Corp. | 500 | 3,530 | |||
Mitsubishi Tanabe Pharma Corp. | 1,200 | 20,073 | |||
Mitsubishi UFJ Financial Group, Inc. | 9,400 | 58,683 | |||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 500 | 2,945 | |||
Mitsui & Co., Ltd. | 800 | 14,231 | |||
Mitsui Chemicals, Inc. | 200 | 5,002 | |||
Mitsui Fudosan Co., Ltd. | 300 | 7,102 | |||
Mitsui OSK Lines, Ltd. | 100 | 2,919 | |||
Mizuho Financial Group, Inc. | 20,700 | 36,120 | |||
MS&AD Insurance Group Holdings, Inc. | 300 | 10,021 | |||
Murata Manufacturing Co., Ltd. | 100 | 15,376 | |||
Nabtesco Corp. | 100 | 2,659 | |||
Nagoya Railroad Co., Ltd. | 1,000 | 24,774 | |||
NEC Corp. | 200 | 5,529 | |||
NH Foods, Ltd. | 100 | 3,693 | |||
Nikon Corp. (a) | 200 | 3,759 | |||
Nippon Building Fund, Inc. REIT | 6 | 34,705 | |||
Nippon Express Co., Ltd. | 100 | 6,568 | |||
Nippon Prologis REIT, Inc. | 10 | 19,800 | |||
Nippon Steel & Sumitomo Metal Corp. | 500 | 10,580 | |||
Nippon Telegraph & Telephone Corp. | 2,000 | 90,364 | |||
Nippon Yusen KK | 100 | 1,881 | |||
Nissan Chemical Corp. | 100 | 5,282 | |||
Nissan Motor Co., Ltd. (a) | 3,900 | 36,516 | |||
Nissin Foods Holdings Co., Ltd. | 300 | 20,628 | |||
Nitori Holdings Co., Ltd. | 300 | 43,038 | |||
Nitto Denko Corp. | 100 | 7,497 | |||
Nomura Holdings, Inc. | 1,600 | 7,645 | |||
Nomura Real Estate Master Fund, Inc. REIT | 20 | 27,328 | |||
Nomura Research Institute, Ltd. | 400 | 20,214 | |||
NSK, Ltd. | 400 | 4,585 | |||
NTT Data Corp. | 1,800 | 24,928 |
Security Description | Shares | Value | |||
NTT DOCOMO, Inc. | 4,968 | $ 133,620 | |||
Obayashi Corp. | 500 | 4,737 | |||
Obic Co., Ltd. | 100 | 9,464 | |||
Oji Holdings Corp. | 1,000 | 7,263 | |||
Olympus Corp. | 100 | 3,905 | |||
Omron Corp. | 100 | 4,226 | |||
Ono Pharmaceutical Co., Ltd. | 500 | 14,152 | |||
Oracle Corp. Japan | 300 | 24,193 | |||
Oriental Land Co., Ltd. | 400 | 41,837 | |||
ORIX Corp. | 800 | 12,974 | |||
Osaka Gas Co., Ltd. | 200 | 3,902 | |||
Otsuka Corp. | 600 | 22,397 | |||
Otsuka Holdings Co., Ltd. | 700 | 35,294 | |||
Panasonic Corp. | 900 | 10,487 | |||
Park24 Co., Ltd. | 500 | 15,121 | |||
Rakuten, Inc. (a) | 500 | 3,833 | |||
Recruit Holdings Co., Ltd. | 1,298 | 43,333 | |||
Resona Holdings, Inc. | 1,600 | 8,991 | |||
Ricoh Co., Ltd. | 500 | 5,370 | |||
Sankyo Co., Ltd. | 200 | 7,827 | |||
SBI Holdings, Inc. | 100 | 3,108 | |||
Secom Co., Ltd. | 600 | 48,925 | |||
Seiko Epson Corp. (a) | 300 | 5,119 | |||
Sekisui Chemical Co., Ltd. | 300 | 5,536 | |||
Sekisui House, Ltd. | 200 | 3,051 | |||
Seven & i Holdings Co., Ltd. | 200 | 8,910 | |||
Shimamura Co., Ltd. | 100 | 9,491 | |||
Shimizu Corp. | 500 | 4,565 | |||
Shin-Etsu Chemical Co., Ltd. | 100 | 8,861 | |||
Shinsei Bank, Ltd. | 300 | 4,905 | |||
Shionogi & Co., Ltd. | 400 | 26,144 | |||
Shiseido Co., Ltd. | 100 | 7,747 | |||
Shizuoka Bank, Ltd. | 500 | 4,490 | |||
SoftBank Group Corp. | 400 | 40,393 | |||
Sompo Holdings, Inc. | 200 | 8,521 | |||
Sony Corp. | 300 | 18,399 | |||
Start Today Co., Ltd. | 300 | 9,086 | |||
Subaru Corp. | 800 | 24,510 | |||
Sumitomo Chemical Co., Ltd. | 1,000 | 5,855 | |||
Sumitomo Corp. | 600 | 10,007 | |||
Sumitomo Electric Industries, Ltd. | 500 | 7,844 | |||
Sumitomo Mitsui Financial Group, Inc. | 1,000 | 40,375 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 200 | 8,233 | |||
Sundrug Co., Ltd. | 100 | 3,570 | |||
Suntory Beverage & Food, Ltd. | 700 | 29,643 | |||
Suzuken Co., Ltd. | 100 | 4,745 | |||
Suzuki Motor Corp. | 100 | 5,730 | |||
Sysmex Corp. | 200 | 17,221 | |||
T&D Holdings, Inc. | 200 | 3,301 | |||
Taiheiyo Cement Corp. | 100 | 3,139 | |||
Taisei Corp. | 100 | 4,560 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 200 | 24,457 | |||
Takeda Pharmaceutical Co., Ltd. (a) | 889 | 38,046 | |||
TDK Corp. | 100 | 10,908 | |||
Terumo Corp. | 200 | 11,850 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Tobu Railway Co., Ltd. | 600 | $ 17,749 | |||
Toho Co., Ltd. | 200 | 6,277 | |||
Tohoku Electric Power Co., Inc. | 500 | 6,788 | |||
Tokio Marine Holdings, Inc. | 300 | 14,888 | |||
Tokyo Electric Power Co. Holdings, Inc. (b) | 3,000 | 14,738 | |||
Tokyo Gas Co., Ltd. | 200 | 4,917 | |||
Tokyu Corp. | 300 | 5,488 | |||
Toppan Printing Co., Ltd. | 500 | 8,034 | |||
Toray Industries, Inc. | 600 | 4,509 | |||
Toshiba Corp. (b) | 200 | 5,784 | |||
Toyo Suisan Kaisha, Ltd. | 500 | 19,391 | |||
Toyota Industries Corp. | 100 | 5,916 | |||
Toyota Motor Corp. | 1,100 | 68,711 | |||
Toyota Tsusho Corp. | 200 | 7,554 | |||
Trend Micro, Inc. | 100 | 6,436 | |||
Tsuruha Holdings, Inc. | 200 | 24,634 | |||
Unicharm Corp. | 100 | 3,309 | |||
United Urban Investment Corp. REIT | 15 | 23,546 | |||
USS Co., Ltd. | 700 | 12,997 | |||
West Japan Railway Co. | 100 | 6,974 | |||
Yahoo! Japan Corp. | 5,300 | 19,084 | |||
Yamada Denki Co., Ltd. (a) | 3,400 | 17,212 | |||
Yamaha Motor Co., Ltd. | 200 | 5,608 | |||
Yamato Holdings Co., Ltd. | 100 | 3,071 | |||
Yamazaki Baking Co., Ltd. | 600 | 12,012 | |||
3,101,038 | |||||
LUXEMBOURG — 0.1% | |||||
ArcelorMittal | 267 | 8,311 | |||
RTL Group SA | 165 | 11,777 | |||
SES SA | 85 | 1,866 | |||
21,954 | |||||
MEXICO — 0.0% (c) | |||||
Fresnillo PLC | 20 | 214 | |||
NETHERLANDS — 1.0% | |||||
ABN AMRO Group NV (d) | 235 | 6,401 | |||
Aegon NV | 1,649 | 10,703 | |||
Akzo Nobel NV | 19 | 1,777 | |||
ASML Holding NV | 398 | 74,380 | |||
EXOR NV | 75 | 5,037 | |||
Heineken Holding NV | 46 | 4,167 | |||
Heineken NV | 49 | 4,596 | |||
ING Groep NV | 2,157 | 28,020 | |||
Koninklijke Ahold Delhaize NV | 962 | 22,068 | |||
Koninklijke DSM NV | 42 | 4,451 | |||
Koninklijke KPN NV | 1,677 | 4,425 | |||
Koninklijke Philips NV | 188 | 8,567 | |||
NN Group NV | 202 | 9,017 | |||
NXP Semiconductors NV | 300 | 25,650 | |||
Randstad NV | 174 | 9,293 | |||
Royal Dutch Shell PLC Class A | 1,345 | 46,243 | |||
Royal Dutch Shell PLC Class B | 1,026 | 35,978 | |||
Wolters Kluwer NV | 286 | 17,832 | |||
318,605 |
Security Description | Shares | Value | |||
NEW ZEALAND — 0.1% | |||||
Auckland International Airport, Ltd. | 1,507 | $ 7,293 | |||
Fisher & Paykel Healthcare Corp., Ltd. | 683 | 6,815 | |||
Ryman Healthcare, Ltd. | 1,737 | 16,122 | |||
Spark New Zealand, Ltd. | 4,842 | 13,000 | |||
43,230 | |||||
NORWAY — 0.1% | |||||
DNB ASA | 468 | 9,842 | |||
Equinor ASA | 257 | 7,243 | |||
Norsk Hydro ASA | 168 | 1,008 | |||
Telenor ASA | 225 | 4,396 | |||
Yara International ASA | 22 | 1,080 | |||
23,569 | |||||
PORTUGAL — 0.0% (c) | |||||
EDP - Energias de Portugal SA | 1,133 | 4,182 | |||
Galp Energia SGPS SA | 300 | 5,955 | |||
Jeronimo Martins SGPS SA | 359 | 5,290 | |||
15,427 | |||||
SINGAPORE — 0.7% | |||||
CapitaLand Commercial Trust REIT | 13,600 | 17,717 | |||
CapitaLand Mall Trust REIT (a) | 11,300 | 18,360 | |||
DBS Group Holdings, Ltd. | 700 | 13,366 | |||
Keppel Corp., Ltd. | 900 | 4,584 | |||
Oversea-Chinese Banking Corp., Ltd. | 2,026 | 16,963 | |||
SATS, Ltd. | 3,808 | 14,548 | |||
Singapore Airlines, Ltd. | 2,900 | 20,673 | |||
Singapore Exchange, Ltd. | 1,300 | 7,012 | |||
Singapore Press Holdings, Ltd. (a) | 7,500 | 15,754 | |||
Singapore Technologies Engineering, Ltd. | 2,200 | 5,732 | |||
Singapore Telecommunications, Ltd. | 26,842 | 63,650 | |||
United Overseas Bank, Ltd. | 600 | 11,892 | |||
Venture Corp., Ltd. | 300 | 3,871 | |||
Wilmar International, Ltd. | 2,100 | 4,949 | |||
219,071 | |||||
SOUTH AFRICA — 0.0% (c) | |||||
Investec PLC | 275 | 1,935 | |||
SPAIN — 0.9% | |||||
ACS Actividades de Construccion y Servicios SA | 137 | 5,837 | |||
Aena SME SA (d) | 26 | 4,515 | |||
Amadeus IT Group SA | 790 | 73,425 | |||
Banco Bilbao Vizcaya Argentaria SA | 3,165 | 20,182 | |||
Banco de Sabadell SA | 4,990 | 7,761 | |||
Banco Santander SA | 8,729 | 43,956 | |||
Bankia SA | 1,325 | 5,197 | |||
CaixaBank SA | 1,407 | 6,436 | |||
Enagas SA | 189 | 5,104 | |||
Endesa SA | 342 | 7,392 | |||
Ferrovial SA | 257 | 5,334 | |||
Iberdrola SA | 2,917 | 21,474 | |||
Industria de Diseno Textil SA | 1,273 | 38,606 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Mapfre SA | 939 | $ 2,947 | |||
Naturgy Energy Group SA | 211 | 5,762 | |||
Red Electrica Corp. SA | 262 | 5,490 | |||
Repsol SA | 631 | 12,580 | |||
Telefonica SA | 2,313 | 18,317 | |||
290,315 | |||||
SWEDEN — 0.6% | |||||
Assa Abloy AB Class B | 160 | 3,214 | |||
Atlas Copco AB Class A | 751 | 21,635 | |||
Atlas Copco AB Class B | 441 | 11,760 | |||
Boliden AB | 369 | 10,286 | |||
Electrolux AB Class B | 412 | 9,080 | |||
Epiroc AB Class A (b) | 751 | 8,386 | |||
Epiroc AB Class B (b) | 441 | 4,537 | |||
Essity AB Class B | 180 | 4,522 | |||
Hennes & Mauritz AB Class B (a) | 1,146 | 21,164 | |||
Industrivarden AB Class C | 237 | 5,263 | |||
Investor AB Class B | 306 | 14,132 | |||
Nordea Bank AB | 1,843 | 20,073 | |||
Sandvik AB | 66 | 1,171 | |||
Skandinaviska Enskilda Banken AB Class A | 575 | 6,417 | |||
Skanska AB Class B | 152 | 2,983 | |||
SKF AB Class B | 255 | 5,028 | |||
Svenska Handelsbanken AB Class A | 523 | 6,601 | |||
Swedbank AB Class A | 334 | 8,274 | |||
Telefonaktiebolaget LM Ericsson Class B | 845 | 7,495 | |||
Telia Co. AB | 865 | 3,970 | |||
Volvo AB Class B | 538 | 9,504 | |||
185,495 | |||||
SWITZERLAND — 4.0% | |||||
ABB, Ltd. | 331 | 7,858 | |||
Adecco Group AG | 255 | 13,455 | |||
Baloise Holding AG | 11 | 1,686 | |||
Chocoladefabriken Lindt & Spruengli AG | 9 | 63,391 | |||
Cie Financiere Richemont SA | 85 | 6,962 | |||
Credit Suisse Group AG (b) | 801 | 12,095 | |||
EMS-Chemie Holding AG | 53 | 31,741 | |||
Ferguson PLC | 252 | 21,410 | |||
Geberit AG | 38 | 17,708 | |||
Givaudan SA | 16 | 39,525 | |||
Glencore PLC (b) | 5,021 | 21,718 | |||
Julius Baer Group, Ltd. (b) | 54 | 2,715 | |||
Kuehne + Nagel International AG | 340 | 54,126 | |||
LafargeHolcim, Ltd. (b) | 101 | 5,010 | |||
Lonza Group AG (b) | 19 | 6,516 | |||
Nestle SA | 1,827 | 153,036 | |||
Novartis AG | 1,233 | 106,537 | |||
Partners Group Holding AG | 98 | 78,105 | |||
Roche Holding AG | 1,223 | 297,674 | |||
Schindler Holding AG | 42 | 10,517 | |||
Schindler Holding AG | 122 | 29,576 | |||
SGS SA | 7 | 18,518 | |||
Sika AG | 300 | 43,888 | |||
Sonova Holding AG | 220 | 43,986 |
Security Description | Shares | Value | |||
STMicroelectronics NV | 104 | $ 1,893 | |||
Straumann Holding AG | 9 | 6,800 | |||
Swatch Group AG | 10 | 3,996 | |||
Swiss Life Holding AG (b) | 20 | 7,617 | |||
Swiss Prime Site AG (b) | 305 | 26,119 | |||
Swiss Re AG | 195 | 18,087 | |||
Swisscom AG | 133 | 60,645 | |||
TE Connectivity, Ltd. | 8 | 703 | |||
Temenos AG (b) | 65 | 10,594 | |||
UBS Group AG (b) | 1,681 | 26,674 | |||
Zurich Insurance Group AG | 48 | 15,243 | |||
1,266,124 | |||||
UNITED KINGDOM — 5.1% | |||||
3i Group PLC | 1,336 | 16,398 | |||
Admiral Group PLC | 319 | 8,653 | |||
Anglo American PLC | 371 | 8,336 | |||
Ashtead Group PLC | 527 | 16,748 | |||
Associated British Foods PLC | 105 | 3,136 | |||
AstraZeneca PLC | 1,693 | 131,649 | |||
Auto Trader Group PLC (d) | 85 | 495 | |||
Aviva PLC | 1,682 | 10,737 | |||
Babcock International Group PLC | 60 | 566 | |||
BAE Systems PLC | 3,985 | 32,728 | |||
Barclays PLC | 11,961 | 26,794 | |||
Barratt Developments PLC | 260 | 1,922 | |||
Berkeley Group Holdings PLC | 210 | 10,075 | |||
BP PLC | 5,893 | 45,286 | |||
British American Tobacco PLC ADR | 641 | 29,890 | |||
British American Tobacco PLC | 198 | 9,255 | |||
British Land Co. PLC REIT | 418 | 3,362 | |||
BT Group PLC | 13,209 | 38,808 | |||
Bunzl PLC | 433 | 13,625 | |||
Burberry Group PLC | 513 | 13,480 | |||
Carnival PLC | 71 | 4,411 | |||
Centrica PLC | 4,463 | 9,015 | |||
CNH Industrial NV | 468 | 5,626 | |||
Coca-Cola European Partners PLC | 94 | 4,274 | |||
Compass Group PLC | 3,534 | 78,621 | |||
ConvaTec Group PLC (d) | 256 | 776 | |||
Croda International PLC | 190 | 12,889 | |||
DCC PLC | 53 | 4,814 | |||
Diageo PLC | 2,812 | 99,705 | |||
Direct Line Insurance Group PLC | 52 | 220 | |||
easyJet PLC | 76 | 1,302 | |||
Experian PLC | 902 | 23,178 | |||
Fiat Chrysler Automobiles NV (b) | 826 | 14,529 | |||
G4S PLC | 695 | 2,193 | |||
GlaxoSmithKline PLC | 2,992 | 59,962 | |||
Hargreaves Lansdown PLC | 364 | 10,609 | |||
HSBC Holdings PLC | 8,000 | 69,876 | |||
Imperial Brands PLC | 1,322 | 46,047 | |||
Informa PLC | 400 | 3,976 | |||
International Consolidated Airlines Group SA | 481 | 4,135 | |||
Intertek Group PLC | 208 | 13,540 | |||
ITV PLC | 5,336 | 10,984 | |||
J Sainsbury PLC | 855 | 3,588 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Johnson Matthey PLC | 255 | $ 11,845 | |||
Kingfisher PLC | 2,705 | 9,101 | |||
Land Securities Group PLC REIT | 295 | 3,398 | |||
Legal & General Group PLC | 6,524 | 22,307 | |||
Liberty Global PLC Class C (b) | 225 | 6,336 | |||
Lloyds Banking Group PLC | 28,289 | 21,865 | |||
London Stock Exchange Group PLC | 63 | 3,768 | |||
Marks & Spencer Group PLC | 1,111 | 4,184 | |||
Melrose Industries PLC | 9 | 23 | |||
Merlin Entertainments PLC (d) | 263 | 1,373 | |||
Mondi PLC | 413 | 11,332 | |||
National Grid PLC | 1,083 | 11,177 | |||
Next PLC | 168 | 12,036 | |||
Pearson PLC | 265 | 3,076 | |||
Pentair PLC | 70 | 3,035 | |||
Persimmon PLC | 400 | 12,336 | |||
Prudential PLC | 615 | 14,111 | |||
Randgold Resources, Ltd. | 212 | 15,067 | |||
Reckitt Benckiser Group PLC | 194 | 17,749 | |||
RELX PLC | 1,164 | 24,530 | |||
RELX PLC | 1,052 | 22,110 | |||
Rio Tinto PLC | 1,297 | 65,624 | |||
Rio Tinto, Ltd. | 398 | 22,681 | |||
Rolls-Royce Holdings PLC (b) | 341 | 4,391 | |||
Royal Bank of Scotland Group PLC | 945 | 3,081 | |||
Royal Mail PLC | 2,831 | 17,613 | |||
RSA Insurance Group PLC | 118 | 885 | |||
Sage Group PLC | 1,416 | 10,828 | |||
Schroders PLC | 150 | 6,054 | |||
Shire PLC | 214 | 12,903 | |||
Sky PLC | 209 | 4,712 | |||
Smith & Nephew PLC | 1,041 | 18,998 | |||
Smiths Group PLC | 393 | 7,664 | |||
SSE PLC | 534 | 7,980 | |||
Standard Chartered PLC | 1,370 | 11,370 | |||
Standard Life Aberdeen PLC | 657 | 2,621 | |||
Taylor Wimpey PLC | 4,317 | 9,672 | |||
TechnipFMC PLC | 200 | 6,250 | |||
TechnipFMC PLC | 10 | 315 | |||
Tesco PLC | 3,890 | 12,164 | |||
Travis Perkins PLC | 195 | 2,709 | |||
Unilever NV | 1,809 | 100,782 | |||
Unilever PLC | 1,438 | 79,059 | |||
United Utilities Group PLC | 478 | 4,388 | |||
Vodafone Group PLC | 17,564 | 37,678 | |||
Weir Group PLC | 5 | 115 | |||
Whitbread PLC | 205 | 12,610 | |||
Wm Morrison Supermarkets PLC | 1,712 | 5,791 | |||
WPP PLC | 379 | 5,558 | |||
1,611,468 | |||||
UNITED STATES — 61.6% | |||||
3M Co. | 778 | 163,932 | |||
Abbott Laboratories | 744 | 54,580 | |||
AbbVie, Inc. | 160 | 15,133 | |||
Activision Blizzard, Inc. | 45 | 3,744 | |||
Acuity Brands, Inc. | 100 | 15,720 | |||
Adobe Systems, Inc. (b) | 485 | 130,926 |
Security Description | Shares | Value | |||
AES Corp. | 369 | $ 5,166 | |||
Aetna, Inc. | 283 | 57,407 | |||
Aflac, Inc. | 674 | 31,725 | |||
AGCO Corp. | 38 | 2,310 | |||
Agilent Technologies, Inc. | 36 | 2,539 | |||
AGNC Investment Corp. REIT | 1,927 | 35,900 | |||
Air Products & Chemicals, Inc. | 51 | 8,520 | |||
Align Technology, Inc. (b) | 125 | 48,902 | |||
Alleghany Corp. | 95 | 61,990 | |||
Allergan PLC | 140 | 26,667 | |||
Alliant Energy Corp. | 100 | 4,257 | |||
Allstate Corp. | 839 | 82,809 | |||
Ally Financial, Inc. | 290 | 7,671 | |||
Alphabet, Inc. Class A (b) | 254 | 306,598 | |||
Alphabet, Inc. Class C (b) | 274 | 327,011 | |||
Altra Industrial Motion Corp. | 16 | 639 | |||
Altria Group, Inc. | 3,619 | 218,262 | |||
Amazon.com, Inc. (b) | 25 | 50,075 | |||
Ameren Corp. | 386 | 24,403 | |||
American Airlines Group, Inc. | 100 | 4,133 | |||
American Electric Power Co., Inc. | 580 | 41,110 | |||
American Express Co. | 200 | 21,298 | |||
American Financial Group, Inc. | 100 | 11,097 | |||
American International Group, Inc. | 274 | 14,588 | |||
American Tower Corp. REIT | 94 | 13,658 | |||
American Water Works Co., Inc. | 145 | 12,756 | |||
Ameriprise Financial, Inc. | 150 | 22,149 | |||
AmerisourceBergen Corp. | 185 | 17,061 | |||
Amgen, Inc. | 793 | 164,381 | |||
Amphenol Corp. Class A | 660 | 62,053 | |||
Anadarko Petroleum Corp. | 95 | 6,404 | |||
Andeavor | 42 | 6,447 | |||
Annaly Capital Management, Inc. REIT | 6,235 | 63,784 | |||
ANSYS, Inc. (b) | 273 | 50,964 | |||
Anthem, Inc. | 150 | 41,107 | |||
AO Smith Corp. | 200 | 10,674 | |||
Aon PLC | 302 | 46,442 | |||
Apache Corp. (a) | 100 | 4,767 | |||
Apple, Inc. | 3,647 | 823,274 | |||
Applied Materials, Inc. | 1,206 | 46,612 | |||
Aptiv PLC | 333 | 27,939 | |||
Aramark | 300 | 12,906 | |||
Arch Capital Group, Ltd. (b) | 2,079 | 61,975 | |||
Archer-Daniels-Midland Co. | 254 | 12,769 | |||
Arconic, Inc. | 140 | 3,081 | |||
Arista Networks, Inc. (b) | 100 | 26,586 | |||
Arrow Electronics, Inc. (b) | 95 | 7,003 | |||
AT&T, Inc. | 5,708 | 191,675 | |||
Athene Holding, Ltd. Class A (b) | 293 | 15,136 | |||
Automatic Data Processing, Inc. | 976 | 147,044 | |||
AutoZone, Inc. (b) | 55 | 42,663 | |||
AvalonBay Communities, Inc. REIT | 379 | 68,656 | |||
Avery Dennison Corp. | 100 | 10,835 | |||
Avnet, Inc. | 120 | 5,372 | |||
Axis Capital Holdings, Ltd. | 485 | 27,989 | |||
Baker Hughes a GE Co. | 135 | 4,567 | |||
Ball Corp. | 40 | 1,760 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Bank of America Corp. | 3,724 | $ 109,709 | |||
Bank of New York Mellon Corp. | 278 | 14,175 | |||
Bausch Health Cos., Inc. (b) | 200 | 5,132 | |||
Baxter International, Inc. | 898 | 69,227 | |||
BB&T Corp. | 290 | 14,077 | |||
Becton Dickinson and Co. | 207 | 54,027 | |||
Berkshire Hathaway, Inc. Class B (b) | 653 | 139,814 | |||
Best Buy Co., Inc. | 289 | 22,935 | |||
Biogen, Inc. (b) | 221 | 78,082 | |||
BlackRock, Inc. | 30 | 14,140 | |||
Boeing Co. | 101 | 37,562 | |||
Booking Holdings, Inc. (b) | 65 | 128,960 | |||
BorgWarner, Inc. | 285 | 12,192 | |||
Boston Scientific Corp. (b) | 583 | 22,446 | |||
Brighthouse Financial, Inc. (b) | 40 | 1,770 | |||
Bristol-Myers Squibb Co. | 1,971 | 122,360 | |||
Broadcom, Inc. | 45 | 11,103 | |||
Broadridge Financial Solutions, Inc. | 631 | 83,260 | |||
Brookfield Property REIT, Inc. Class A, | 75 | 1,570 | |||
Brown-Forman Corp. Class B | 311 | 15,721 | |||
Bunge, Ltd. | 115 | 7,902 | |||
C.H. Robinson Worldwide, Inc. | 620 | 60,710 | |||
CA, Inc. | 128 | 5,651 | |||
Cadence Design Systems, Inc. (b) | 300 | 13,596 | |||
Camden Property Trust REIT | 90 | 8,421 | |||
Campbell Soup Co. (a) | 655 | 23,993 | |||
Capital One Financial Corp. | 195 | 18,511 | |||
Cardinal Health, Inc. | 333 | 17,982 | |||
CarMax, Inc. (b) | 20 | 1,493 | |||
Carnival Corp. | 125 | 7,971 | |||
Caterpillar, Inc. | 115 | 17,536 | |||
CBRE Group, Inc. Class A (b) | 100 | 4,410 | |||
CBS Corp. Class B | 141 | 8,100 | |||
CDK Global, Inc. | 8 | 500 | |||
CDW Corp. | 100 | 8,892 | |||
Celanese Corp. Series A | 185 | 21,090 | |||
Celgene Corp. (b) | 800 | 71,592 | |||
Centene Corp. (b) | 100 | 14,478 | |||
CenterPoint Energy, Inc. | 35 | 968 | |||
CenturyLink, Inc. | 560 | 11,872 | |||
Cerner Corp. (b) | 298 | 19,194 | |||
CF Industries Holdings, Inc. | 74 | 4,029 | |||
Charles Schwab Corp. | 95 | 4,669 | |||
Charter Communications, Inc. Class A (b) | 105 | 34,217 | |||
Chevron Corp. | 655 | 80,093 | |||
Chubb, Ltd. | 520 | 69,493 | |||
Church & Dwight Co., Inc. | 1,257 | 74,628 | |||
Cigna Corp. | 85 | 17,701 | |||
Cincinnati Financial Corp. | 398 | 30,570 | |||
Cisco Systems, Inc. | 1,565 | 76,137 | |||
CIT Group, Inc. | 25 | 1,290 | |||
Citigroup, Inc. | 1,407 | 100,938 | |||
Citizens Financial Group, Inc. | 239 | 9,218 | |||
Citrix Systems, Inc. (b) | 185 | 20,565 | |||
Clorox Co. | 465 | 69,941 |
Security Description | Shares | Value | |||
CME Group, Inc. | 220 | $ 37,446 | |||
CMS Energy Corp. | 100 | 4,900 | |||
Coca-Cola Co. | 2,491 | 115,059 | |||
Cognex Corp. | 200 | 11,164 | |||
Cognizant Technology Solutions Corp. Class A | 710 | 54,776 | |||
Colgate-Palmolive Co. | 414 | 27,717 | |||
Comcast Corp. Class A | 2,420 | 85,692 | |||
Comerica, Inc. | 46 | 4,149 | |||
CommScope Holding Co., Inc. (b) | 400 | 12,304 | |||
ConocoPhillips | 153 | 11,842 | |||
Consolidated Edison, Inc. | 1,583 | 120,609 | |||
Constellation Brands, Inc. Class A | 125 | 26,953 | |||
Copart, Inc. (b) | 200 | 10,306 | |||
Corning, Inc. | 263 | 9,284 | |||
Costco Wholesale Corp. | 592 | 139,049 | |||
Crown Castle International Corp. REIT | 495 | 55,108 | |||
CSX Corp. | 160 | 11,848 | |||
Cummins, Inc. | 215 | 31,405 | |||
CVS Health Corp. | 632 | 49,751 | |||
D.R. Horton, Inc. | 100 | 4,218 | |||
Danaher Corp. | 307 | 33,359 | |||
Darden Restaurants, Inc. | 210 | 23,350 | |||
DaVita, Inc. (b) | 75 | 5,372 | |||
Deere & Co. | 54 | 8,118 | |||
Dell Technologies, Inc. Class V (b) | 210 | 20,395 | |||
Delta Air Lines, Inc. | 35 | 2,024 | |||
Devon Energy Corp. | 125 | 4,993 | |||
Discover Financial Services | 65 | 4,969 | |||
Discovery, Inc. Class C (b) | 110 | 3,254 | |||
DISH Network Corp. Class A (b) | 90 | 3,218 | |||
Dollar General Corp. | 423 | 46,234 | |||
Dollar Tree, Inc. (b) | 108 | 8,807 | |||
Dominion Energy, Inc. | 938 | 65,923 | |||
Dover Corp. | 60 | 5,312 | |||
DowDuPont, Inc. | 533 | 34,277 | |||
DTE Energy Co. | 180 | 19,643 | |||
Duke Energy Corp. | 1,033 | 82,661 | |||
DXC Technology Co. | 46 | 4,302 | |||
E*TRADE Financial Corp. (b) | 100 | 5,239 | |||
Eastman Chemical Co. | 20 | 1,914 | |||
Eaton Corp. PLC | 120 | 10,408 | |||
Eaton Vance Corp. | 160 | 8,410 | |||
eBay, Inc. (b) | 620 | 20,472 | |||
Ecolab, Inc. | 100 | 15,678 | |||
Edison International | 220 | 14,890 | |||
Edwards Lifesciences Corp. (b) | 170 | 29,597 | |||
Eli Lilly & Co. | 1,928 | 206,894 | |||
Emerson Electric Co. | 133 | 10,185 | |||
Entergy Corp. | 90 | 7,302 | |||
EOG Resources, Inc. | 5 | 638 | |||
EQT Corp. | 65 | 2,875 | |||
Equity Residential REIT | 585 | 38,762 | |||
Essex Property Trust, Inc. REIT | 100 | 24,671 | |||
Estee Lauder Cos., Inc. Class A | 300 | 43,596 | |||
Everest Re Group, Ltd. | 190 | 43,409 | |||
Evergy, Inc. | 300 | 16,476 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Eversource Energy | 264 | $ 16,220 | |||
Exelon Corp. | 379 | 16,547 | |||
Expeditors International of Washington, Inc. | 933 | 68,603 | |||
Express Scripts Holding Co. (b) | 229 | 21,757 | |||
Exxon Mobil Corp. | 2,266 | 192,655 | |||
F5 Networks, Inc. (b) | 315 | 62,817 | |||
Facebook, Inc. Class A (b) | 2,703 | 444,535 | |||
Fastenal Co. | 369 | 21,409 | |||
Federal Realty Investment Trust REIT | 30 | 3,794 | |||
FedEx Corp. | 85 | 20,467 | |||
Fidelity National Financial, Inc. | 657 | 25,853 | |||
Fidelity National Information Services, Inc. | 443 | 48,318 | |||
Fifth Third Bancorp | 228 | 6,366 | |||
FirstEnergy Corp. | 225 | 8,363 | |||
Fiserv, Inc. (b) | 1,200 | 98,856 | |||
FleetCor Technologies, Inc. (b) | 15 | 3,418 | |||
Flex, Ltd. (b) | 118 | 1,548 | |||
Fluor Corp. | 115 | 6,682 | |||
Ford Motor Co. | 3,250 | 30,062 | |||
Fortive Corp. | 336 | 28,291 | |||
Franklin Resources, Inc. | 308 | 9,366 | |||
Freeport-McMoRan, Inc. | 100 | 1,392 | |||
Gap, Inc. | 393 | 11,338 | |||
Garmin, Ltd. | 100 | 7,005 | |||
General Dynamics Corp. | 321 | 65,715 | |||
General Electric Co. | 2,575 | 29,072 | |||
General Mills, Inc. | 757 | 32,490 | |||
General Motors Co. | 1,053 | 35,455 | |||
Genuine Parts Co. | 134 | 13,320 | |||
Gilead Sciences, Inc. | 1,712 | 132,184 | |||
Goldman Sachs Group, Inc. | 110 | 24,666 | |||
Goodyear Tire & Rubber Co. | 200 | 4,678 | |||
Halliburton Co. | 144 | 5,836 | |||
Harley-Davidson, Inc. | 100 | 4,530 | |||
Harris Corp. | 302 | 51,101 | |||
Hartford Financial Services Group, Inc. | 100 | 4,996 | |||
Hasbro, Inc. | 125 | 13,140 | |||
HCA Healthcare, Inc. | 205 | 28,520 | |||
HCP, Inc. REIT | 130 | 3,422 | |||
Henry Schein, Inc. (b) | 241 | 20,492 | |||
Hershey Co. | 260 | 26,520 | |||
Hess Corp. (a) | 60 | 4,295 | |||
Hewlett Packard Enterprise Co. | 847 | 13,815 | |||
Hilton Worldwide Holdings, Inc. | 100 | 8,078 | |||
HollyFrontier Corp. | 66 | 4,613 | |||
Home Depot, Inc. | 358 | 74,160 | |||
Honeywell International, Inc. | 813 | 135,283 | |||
Hormel Foods Corp. (a) | 505 | 19,897 | |||
Host Hotels & Resorts, Inc. REIT | 245 | 5,170 | |||
HP, Inc. | 690 | 17,781 | |||
Humana, Inc. | 126 | 42,654 | |||
Huntington Bancshares, Inc. | 400 | 5,968 | |||
Huntington Ingalls Industries, Inc. | 125 | 32,010 | |||
IDEX Corp. | 100 | 15,066 |
Security Description | Shares | Value | |||
Illinois Tool Works, Inc. | 385 | $ 54,331 | |||
Intel Corp. | 5,593 | 264,493 | |||
Intercontinental Exchange, Inc. | 150 | 11,234 | |||
International Business Machines Corp. | 1,311 | 198,236 | |||
International Flavors & Fragrances, Inc. | 95 | 13,216 | |||
International Paper Co. | 60 | 2,949 | |||
Interpublic Group of Cos., Inc. | 498 | 11,389 | |||
Intuit, Inc. | 426 | 96,872 | |||
Intuitive Surgical, Inc. (b) | 89 | 51,086 | |||
Invesco, Ltd. | 145 | 3,318 | |||
IPG Photonics Corp. (b) | 100 | 15,607 | |||
J.M. Smucker Co. | 245 | 25,139 | |||
Jack Henry & Associates, Inc. | 423 | 67,714 | |||
JB Hunt Transport Services, Inc. | 39 | 4,639 | |||
Jefferies Financial Group, Inc. | 200 | 4,392 | |||
Johnson & Johnson | 4,021 | 555,582 | |||
Johnson Controls International PLC | 248 | 8,680 | |||
JPMorgan Chase & Co. | 1,245 | 140,486 | |||
Juniper Networks, Inc. | 5 | 150 | |||
Kellogg Co. | 783 | 54,826 | |||
KeyCorp | 413 | 8,215 | |||
Kimberly-Clark Corp. | 382 | 43,410 | |||
Kimco Realty Corp. REIT | 300 | 5,022 | |||
Kinder Morgan, Inc. | 630 | 11,170 | |||
KLA-Tencor Corp. | 185 | 18,816 | |||
Kohl's Corp. | 110 | 8,201 | |||
Kraft Heinz Co. | 353 | 19,454 | |||
Kroger Co. | 758 | 22,065 | |||
L Brands, Inc. | 200 | 6,060 | |||
L3 Technologies, Inc. | 158 | 33,594 | |||
Laboratory Corp. of America Holdings (b) | 229 | 39,773 | |||
Las Vegas Sands Corp. | 344 | 20,410 | |||
Lear Corp. | 125 | 18,125 | |||
Leggett & Platt, Inc. (a) | 200 | 8,758 | |||
Lennar Corp. Class A | 100 | 4,669 | |||
Liberty Broadband Corp. Class C (b) | 150 | 12,645 | |||
Liberty Media Corp.-Liberty SiriusXM Class C (b) | 31 | 1,347 | |||
Lincoln National Corp. | 110 | 7,443 | |||
LKQ Corp. (b) | 200 | 6,334 | |||
Lockheed Martin Corp. | 383 | 132,503 | |||
Loews Corp. | 135 | 6,781 | |||
Lowe's Cos., Inc. | 977 | 112,179 | |||
Lululemon Athletica, Inc. (b) | 145 | 23,561 | |||
LyondellBasell Industries NV Class A | 525 | 53,818 | |||
M&T Bank Corp. | 85 | 13,986 | |||
Macy's, Inc. | 200 | 6,946 | |||
ManpowerGroup, Inc. | 65 | 5,587 | |||
Marathon Oil Corp. | 100 | 2,328 | |||
Marathon Petroleum Corp. | 185 | 14,794 | |||
Markel Corp. (b) | 71 | 84,383 | |||
Marriott International, Inc. Class A | 250 | 33,007 | |||
Marsh & McLennan Cos., Inc. | 1,073 | 88,759 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Mastercard, Inc. Class A | 1,333 | $ 296,739 | |||
Maxim Integrated Products, Inc. | 374 | 21,090 | |||
McCormick & Co., Inc. (a) | 550 | 72,462 | |||
McDonald's Corp. | 868 | 145,208 | |||
McKesson Corp. | 393 | 52,131 | |||
Medtronic PLC | 737 | 72,499 | |||
Merck & Co., Inc. | 1,516 | 107,545 | |||
MetLife, Inc. | 448 | 20,931 | |||
Mettler-Toledo International, Inc. (b) | 45 | 27,404 | |||
MGM Resorts International | 205 | 5,722 | |||
Michael Kors Holdings, Ltd. (b) | 239 | 16,386 | |||
Micron Technology, Inc. (b) | 244 | 11,036 | |||
Microsoft Corp. | 5,969 | 682,675 | |||
Middleby Corp. (b) | 100 | 12,935 | |||
Molson Coors Brewing Co. Class B | 80 | 4,920 | |||
Mondelez International, Inc. Class A | 343 | 14,735 | |||
Monster Beverage Corp. (b) | 448 | 26,109 | |||
Morgan Stanley | 425 | 19,792 | |||
Mosaic Co. | 120 | 3,898 | |||
Motorola Solutions, Inc. | 619 | 80,557 | |||
Mylan NV (b) | 110 | 4,026 | |||
National Oilwell Varco, Inc. | 125 | 5,385 | |||
NetApp, Inc. | 345 | 29,632 | |||
New York Community Bancorp, Inc. (a) | 364 | 3,775 | |||
Newell Brands, Inc. (a) | 134 | 2,720 | |||
Newmont Mining Corp. | 1,333 | 40,257 | |||
NextEra Energy, Inc. | 626 | 104,918 | |||
Nielsen Holdings PLC | 200 | 5,532 | |||
NIKE, Inc. Class B | 1,812 | 153,513 | |||
NiSource, Inc. | 200 | 4,984 | |||
Noble Energy, Inc. | 75 | 2,339 | |||
Nordstrom, Inc. | 195 | 11,663 | |||
Norfolk Southern Corp. | 75 | 13,538 | |||
Northrop Grumman Corp. | 479 | 152,020 | |||
Norwegian Cruise Line Holdings, Ltd. (b) | 100 | 5,743 | |||
Nucor Corp. | 105 | 6,662 | |||
NVIDIA Corp. | 756 | 212,451 | |||
NVR, Inc. (b) | 6 | 14,825 | |||
Occidental Petroleum Corp. | 355 | 29,170 | |||
Old Dominion Freight Line, Inc. | 100 | 16,126 | |||
Omnicom Group, Inc. (a) | 324 | 22,038 | |||
ONEOK, Inc. | 80 | 5,423 | |||
Oracle Corp. | 823 | 42,434 | |||
O'Reilly Automotive, Inc. (b) | 52 | 18,061 | |||
PACCAR, Inc. | 90 | 6,137 | |||
Palo Alto Networks, Inc. (b) | 100 | 22,526 | |||
Paychex, Inc. | 1,377 | 101,416 | |||
PayPal Holdings, Inc. (b) | 60 | 5,270 | |||
People's United Financial, Inc. | 151 | 2,585 | |||
PepsiCo, Inc. | 1,284 | 143,551 | |||
Pfizer, Inc. | 3,123 | 137,631 | |||
PG&E Corp. (b) | 185 | 8,512 | |||
Philip Morris International, Inc. | 414 | 33,758 | |||
Phillips 66 | 198 | 22,319 |
Security Description | Shares | Value | |||
Pinnacle West Capital Corp. | 100 | $ 7,918 | |||
Pioneer Natural Resources Co. | 25 | 4,355 | |||
Plains GP Holdings L.P. Class A (b) | 185 | 4,538 | |||
PNC Financial Services Group, Inc. | 170 | 23,152 | |||
PPG Industries, Inc. | 260 | 28,374 | |||
PPL Corp. (a) | 220 | 6,437 | |||
Praxair, Inc. | 300 | 48,219 | |||
Principal Financial Group, Inc. | 110 | 6,445 | |||
Procter & Gamble Co. | 3,902 | 324,763 | |||
Progressive Corp. | 650 | 46,176 | |||
Prologis, Inc. REIT | 135 | 9,152 | |||
Prudential Financial, Inc. | 275 | 27,863 | |||
Public Service Enterprise Group, Inc. | 180 | 9,502 | |||
Public Storage REIT | 413 | 83,273 | |||
PulteGroup, Inc. | 170 | 4,211 | |||
QUALCOMM, Inc. (a) | 258 | 18,584 | |||
Quest Diagnostics, Inc. | 36 | 3,885 | |||
Qurate Retail, Inc. (b) | 200 | 4,442 | |||
Raymond James Financial, Inc. | 100 | 9,205 | |||
Raytheon Co. | 766 | 158,302 | |||
Realty Income Corp. REIT | 398 | 22,642 | |||
Red Hat, Inc. (b) | 150 | 20,442 | |||
Regeneron Pharmaceuticals, Inc. (b) | 125 | 50,505 | |||
Regions Financial Corp. | 375 | 6,881 | |||
Republic Services, Inc. | 1,177 | 85,521 | |||
ResMed, Inc. | 170 | 19,608 | |||
Robert Half International, Inc. | 190 | 13,372 | |||
Rockwell Automation, Inc. | 185 | 34,691 | |||
Rockwell Collins, Inc. | 390 | 54,783 | |||
Rollins, Inc. | 100 | 6,069 | |||
Ross Stores, Inc. | 773 | 76,604 | |||
Royal Caribbean Cruises, Ltd. | 38 | 4,938 | |||
Schlumberger, Ltd. | 153 | 9,321 | |||
Seagate Technology PLC | 20 | 947 | |||
SEI Investments Co. | 195 | 11,915 | |||
Sempra Energy (a) | 110 | 12,513 | |||
Simon Property Group, Inc. REIT | 35 | 6,186 | |||
Sirius XM Holdings, Inc. (a) | 1,200 | 7,584 | |||
Skyworks Solutions, Inc. | 205 | 18,596 | |||
Snap-on, Inc. | 100 | 18,360 | |||
Southern Co. | 1,967 | 85,761 | |||
Southwest Airlines Co. | 130 | 8,119 | |||
Spirit AeroSystems Holdings, Inc. Class A | 100 | 9,167 | |||
Starbucks Corp. | 2,220 | 126,185 | |||
State Street Corp. (f) | 80 | 6,702 | |||
Stericycle, Inc. (b) | 25 | 1,467 | |||
Stryker Corp. | 479 | 85,109 | |||
SunTrust Banks, Inc. | 165 | 11,020 | |||
Synchrony Financial | 160 | 4,973 | |||
Synopsys, Inc. (b) | 515 | 50,784 | |||
Sysco Corp. | 387 | 28,348 | |||
T Rowe Price Group, Inc. | 334 | 36,466 | |||
Tapestry, Inc. | 578 | 29,056 | |||
Targa Resources Corp. | 100 | 5,631 | |||
Target Corp. | 222 | 19,583 | |||
TD Ameritrade Holding Corp. | 5 | 264 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Texas Instruments, Inc. | 1,349 | $ 144,734 | |||
Textron, Inc. | 40 | 2,859 | |||
Thermo Fisher Scientific, Inc. | 65 | 15,865 | |||
TJX Cos., Inc. | 1,827 | 204,661 | |||
T-Mobile US, Inc. (b) | 200 | 14,036 | |||
Tractor Supply Co. | 195 | 17,722 | |||
Travelers Cos., Inc. | 420 | 54,478 | |||
Twenty-First Century Fox, Inc. Class A | 224 | 10,378 | |||
Twenty-First Century Fox, Inc. Class B | 58 | 2,658 | |||
Tyson Foods, Inc. Class A | 240 | 14,287 | |||
UDR, Inc. REIT | 693 | 28,018 | |||
UGI Corp. | 100 | 5,548 | |||
Ulta Salon Cosmetics & Fragrance, Inc. (b) | 75 | 21,159 | |||
Union Pacific Corp. | 738 | 120,169 | |||
United Continental Holdings, Inc. (b) | 100 | 8,906 | |||
United Parcel Service, Inc. Class B | 80 | 9,340 | |||
United Technologies Corp. | 195 | 27,263 | |||
United Therapeutics Corp. (b) | 100 | 12,788 | |||
UnitedHealth Group, Inc. | 505 | 134,350 | |||
Universal Health Services, Inc. Class B | 60 | 7,670 | |||
Unum Group | 150 | 5,861 | |||
US Bancorp | 739 | 39,027 | |||
Valero Energy Corp. | 203 | 23,091 | |||
Varian Medical Systems, Inc. (b) | 169 | 18,916 | |||
Ventas, Inc. REIT | 51 | 2,773 | |||
VeriSign, Inc. (b) | 125 | 20,015 | |||
Verizon Communications, Inc. | 3,175 | 169,513 | |||
VF Corp. | 494 | 46,164 | |||
Viacom, Inc. Class B | 300 | 10,128 | |||
Visa, Inc. Class A | 2,670 | 400,740 | |||
VMware, Inc. Class A (b) | 99 | 15,450 | |||
Voya Financial, Inc. | 56 | 2,782 | |||
W.W. Grainger, Inc. | 80 | 28,593 | |||
WABCO Holdings, Inc. (b) | 100 | 11,794 | |||
Wabtec Corp. | 22 | 2,307 | |||
Walmart, Inc. | 1,455 | 136,639 | |||
Walgreens Boots Alliance, Inc. | 320 | 23,328 | |||
Walt Disney Co. | 1,900 | 222,186 | |||
Waste Management, Inc. | 1,237 | 111,775 | |||
Waters Corp. (b) | 105 | 20,441 | |||
WEC Energy Group, Inc. | 763 | 50,938 | |||
Wells Fargo & Co. | 1,892 | 99,444 | |||
Welltower, Inc. REIT | 257 | 16,530 | |||
Western Digital Corp. | 75 | 4,391 | |||
Western Union Co. | 135 | 2,573 | |||
WestRock Co. | 110 | 5,878 | |||
Weyerhaeuser Co. REIT | 170 | 5,486 | |||
Whirlpool Corp. | 35 | 4,156 | |||
Williams Cos., Inc. | 110 | 2,991 | |||
Willis Towers Watson PLC | 60 | 8,456 |
Security Description | Shares | Value | |||
Worldpay, Inc. Class A | 150 | $ 15,191 | |||
WR Berkley Corp. | 490 | 39,166 | |||
Xcel Energy, Inc. | 1,382 | 65,244 | |||
Xerox Corp. | 151 | 4,074 | |||
Xilinx, Inc. | 185 | 14,831 | |||
Yum! Brands, Inc. | 340 | 30,909 | |||
Zimmer Biomet Holdings, Inc. | 50 | 6,574 | |||
Zions Bancorp | 100 | 5,015 | |||
Zoetis, Inc. | 140 | 12,818 | |||
19,394,192 | |||||
TOTAL COMMON STOCKS (Cost $28,629,034) | 31,333,185 |
SHORT-TERM INVESTMENTS — 1.0% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (g) (h) | 18,931 | 18,931 | |
State Street Navigator Securities Lending Government Money Market Portfolio (g) (i) | 298,707 | 298,707 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $317,638) | 317,638 | ||
TOTAL INVESTMENTS — 100.6% (Cost $28,946,672) | 31,650,823 | ||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.6)% | (182,761) | ||
NET ASSETS — 100.0% | $ 31,468,062 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Amount is less than 0.05% of net assets. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(f) | The Fund invested in an affiliated entity, State Street Corp. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(i) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
REIT | = Real Estate Investment Trust |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 430,426 | $— | $— | $ 430,426 | ||||
Austria | 12,975 | — | — | 12,975 | ||||
Belgium | 104,139 | — | — | 104,139 | ||||
Bermuda | 26,716 | — | — | 26,716 | ||||
Canada | 990,110 | — | — | 990,110 | ||||
China | 20,141 | — | — | 20,141 | ||||
Denmark | 363,139 | — | — | 363,139 | ||||
Finland | 113,678 | — | — | 113,678 | ||||
France | 847,590 | — | — | 847,590 | ||||
Germany | 684,157 | — | — | 684,157 | ||||
Hong Kong | 621,839 | — | — | 621,839 | ||||
Ireland | 307,361 | — | — | 307,361 | ||||
Israel | 98,017 | — | — | 98,017 | ||||
Italy | 220,260 | — | — | 220,260 | ||||
Japan | 3,101,038 | — | — | 3,101,038 | ||||
Luxembourg | 21,954 | — | — | 21,954 | ||||
Mexico | 214 | — | — | 214 | ||||
Netherlands | 318,605 | — | — | 318,605 | ||||
New Zealand | 43,230 | — | — | 43,230 | ||||
Norway | 23,569 | — | — | 23,569 | ||||
Portugal | 15,427 | — | — | 15,427 | ||||
Singapore | 219,071 | — | — | 219,071 | ||||
South Africa | 1,935 | — | — | 1,935 | ||||
Spain | 290,315 | — | — | 290,315 | ||||
Sweden | 185,495 | — | — | 185,495 | ||||
Switzerland | 1,266,124 | — | — | 1,266,124 | ||||
United Kingdom | 1,611,468 | — | — | 1,611,468 | ||||
United States | 19,394,192 | — | — | 19,394,192 | ||||
Short-Term Investments | 317,638 | — | — | 317,638 | ||||
TOTAL INVESTMENTS | $31,650,823 | $— | $— | $31,650,823 |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Corp. | 108 | $ 10,318 | $ 7,073 | $ 9,611 | $1,725 | $(2,803) | 80 | $ 6,702 | $ 177 | $— | |||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 4,411,701 | 4,411,701 | 1,536,892 | 5,929,662 | — | — | 18,931 | 18,931 | 549 | — | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 24,983 | 24,983 | 3,529,840 | 3,256,116 | — | — | 298,707 | 298,707 | 2,365 | — | |||||||||
Total | $4,447,002 | $5,073,805 | $9,195,389 | $1,725 | $(2,803) | $324,340 | $3,091 | $— |
73 | ARQWLD |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.0% | |||||
BRAZIL — 7.0% | |||||
Ambev SA ADR | 1,550,841 | $ 7,087,343 | |||
Anima Holding SA | 8,442 | 28,961 | |||
B2W Cia Digital (a) | 24,816 | 172,128 | |||
B3 SA - Brasil Bolsa Balcao | 622,275 | 3,646,188 | |||
Banco Bradesco SA Preference Shares ADR | 1,486,010 | 10,520,951 | |||
Banco Bradesco SA | 25,500 | 164,421 | |||
Banco do Brasil SA | 293,225 | 2,162,356 | |||
Banco Pan SA Preference Shares | 126,729 | 51,725 | |||
Banco Santander Brasil SA | 6,056 | 54,152 | |||
BB Seguridade Participacoes SA | 194,521 | 1,173,882 | |||
BR Malls Participacoes SA (a) | 361,059 | 869,749 | |||
Bradespar SA Preference Shares | 162,015 | 1,503,899 | |||
Brasil Brokers Participacoes SA (a) | 3,585 | 3,366 | |||
Braskem SA Preference Shares ADR (b) | 53,814 | 1,553,610 | |||
BRF SA ADR (a)(b) | 178,297 | 977,068 | |||
CCR SA | 174,754 | 370,202 | |||
Centrais Eletricas Brasileiras SA ADR (a)(b) | 200,725 | 780,820 | |||
Cia Brasileira de Distribuicao ADR | 79,254 | 1,702,376 | |||
Cia de Saneamento Basico do Estado de Sao Paulo | 255,058 | 1,506,634 | |||
Cia Energetica de Minas Gerais ADR (b) | 447,774 | 765,694 | |||
Cia Energetica de Sao Paulo Class B, Preference Shares | 16,115 | 59,924 | |||
Cia Hering | 13,664 | 60,800 | |||
Cia Siderurgica Nacional SA ADR (a)(b) | 513,257 | 1,170,226 | |||
Cielo SA | 361,511 | 1,108,916 | |||
Construtora Tenda SA (a) | 730 | 4,844 | |||
Cosan Logistica SA (a) | 14,613 | 36,957 | |||
Cosan SA | 64,043 | 519,747 | |||
Cyrela Brazil Realty SA Empreendimentos e Participacoes | 180,404 | 485,167 | |||
Duratex SA | 137,853 | 311,706 | |||
Embraer SA | 275,593 | 1,368,459 | |||
Engie Brasil Energia SA | 21,918 | 194,727 | |||
Estacio Participacoes SA | 77,566 | 485,376 | |||
Eternit SA (a) | 38,060 | 4,765 | |||
Fibria Celulose SA ADR | 98,739 | 1,829,634 | |||
Gafisa SA (a) | 2,986 | 8,367 | |||
Gerdau SA ADR (b) | 382,226 | 1,609,171 | |||
Hypera SA | 16,177 | 115,528 | |||
Itau Unibanco Holding SA Preference Shares ADR | 1,219,741 | 13,392,756 | |||
Itausa - Investimentos Itau SA Preference Shares | 1,865,866 | 4,718,921 | |||
Itausa - Investimentos Itau SA | 155,354 | 408,463 | |||
JBS SA | 127,306 | 299,015 | |||
Kepler Weber SA (a) | 5,603 | 12,627 | |||
Klabin SA | 52,428 | 261,119 |
Security Description | Shares | Value | |||
Kroton Educacional SA | 384,517 | $ 1,097,643 | |||
Log-in Logistica Intermodal SA (a) | 4,662 | 4,670 | |||
Lojas Americanas SA Preference Shares | 316,895 | 1,259,312 | |||
Lojas Renner SA | 458,714 | 3,560,775 | |||
Magnesita Refratarios SA | 16,835 | 299,304 | |||
Marcopolo SA Preference Shares | 125,958 | 107,868 | |||
Metalurgica Gerdau SA Preference Shares | 509,097 | 1,017,289 | |||
Mills Estruturas e Servicos de Engenharia SA (a) | 20,770 | 9,570 | |||
MMX Mineracao e Metalicos SA (a) | 6,653 | 3,682 | |||
MRV Engenharia e Participacoes SA | 30,643 | 94,303 | |||
Natura Cosmeticos SA | 98,663 | 701,145 | |||
Oi SA ADR | 859 | 2,345 | |||
Pagseguro Digital, Ltd. Class A (a)(b) | 35,307 | 976,945 | |||
PDG Realty SA Empreendimentos e Participacoes (a) | 5,620 | 619 | |||
Petroleo Brasileiro SA Preference Shares ADR | 767,753 | 8,030,696 | |||
Petroleo Brasileiro SA ADR | 304,359 | 3,673,613 | |||
Profarma Distribuidora de Produtos Farmaceuticos SA (a) | 9,417 | 10,965 | |||
Qualicorp Consultoria e Corretora de Seguros SA | 28,125 | 116,062 | |||
Raia Drogasil SA | 21,323 | 386,730 | |||
Restoque Comercio e Confeccoes de Roupas SA | 4,748 | 30,674 | |||
Rodobens Negocios Imobiliarios SA (a) | 24,995 | 21,656 | |||
Rossi Residencial SA (a) | 38,483 | 36,425 | |||
Rumo SA (a) | 20,577 | 77,185 | |||
Suzano Papel e Celulose SA | 100,923 | 1,215,054 | |||
T4F Entretenimento SA | 49,101 | 88,156 | |||
Telefonica Brasil SA ADR | 11,682 | 113,666 | |||
Telefonica Brasil SA Preference Shares | 231,332 | 2,270,715 | |||
TIM Participacoes SA ADR | 79,476 | 1,151,607 | |||
TOTVS SA | 19,136 | 120,272 | |||
Ultrapar Participacoes SA | 94,199 | 880,532 | |||
Usinas Siderurgicas de Minas Gerais SA ADR (b) | 275,221 | 569,707 | |||
Vale SA ADR | 716,915 | 10,639,019 | |||
WEG SA | 498,996 | 2,467,772 | |||
104,598,716 | |||||
CHILE — 1.4% | |||||
AntarChile SA | 83,180 | 1,367,628 | |||
Empresas COPEC SA | 187,283 | 2,885,339 | |||
Empresas Iansa SA (a) | 2,005,313 | 38,002 | |||
Enel Americas SA ADR | 246,011 | 1,901,665 | |||
Enel Chile SA ADR | 324,327 | 1,624,878 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Enel Generacion Chile SA ADR | 1,576 | $ 32,718 | |||
Enjoy SA (a) | 1,112,386 | 95,791 | |||
Latam Airlines Group SA ADR (b) | 175,561 | 1,650,273 | |||
Multiexport Foods SA | 824,214 | 445,783 | |||
Parque Arauco SA | 1,550,547 | 4,008,009 | |||
SACI Falabella | 544,329 | 4,418,341 | |||
Sociedad Quimica y Minera de Chile SA Class B, Preference Shares | 7,815 | 357,789 | |||
Vina Concha y Toro SA ADR (b) | 38,794 | 1,542,061 | |||
20,368,277 | |||||
CHINA — 31.7% | |||||
21Vianet Group, Inc. ADR (a) | 17,888 | 180,669 | |||
3SBio, Inc. (b)(c) | 209,500 | 352,339 | |||
500.com, Ltd. Class A, ADR (a)(b) | 2,554 | 28,247 | |||
51job, Inc. ADR (a) | 1,703 | 131,114 | |||
58.com, Inc. ADR (a) | 21,212 | 1,561,203 | |||
AAC Technologies Holdings, Inc. | 316,492 | 3,288,323 | |||
Agile Group Holdings, Ltd. | 1,230,999 | 1,739,939 | |||
Agricultural Bank of China, Ltd. Class H | 7,660,000 | 3,759,077 | |||
Air China, Ltd. Class H | 869,744 | 840,300 | |||
Alibaba Group Holding, Ltd. ADR (a) | 348,954 | 57,493,661 | |||
Aluminum Corp. of China, Ltd. Class H (a) | 2,406,000 | 1,070,030 | |||
Angang Steel Co., Ltd. Class H | 700,640 | 626,779 | |||
Anhui Conch Cement Co., Ltd. Class H | 712,135 | 4,300,167 | |||
Anhui Expressway Co., Ltd. Class H | 8,000 | 4,856 | |||
ANTA Sports Products, Ltd. | 348,000 | 1,669,977 | |||
Anton Oilfield Services Group (a)(b) | 130,000 | 21,598 | |||
Autohome, Inc. ADR | 9,718 | 752,270 | |||
AVIC International Holding HK, Ltd. (a)(b) | 1,306,527 | 37,067 | |||
AVIC International Holdings, Ltd. Class H (b) | 496,584 | 264,002 | |||
AviChina Industry & Technology Co., Ltd. Class H | 782,000 | 515,677 | |||
BAIC Motor Corp., Ltd. Class H (c) | 6,500 | 5,208 | |||
Baidu, Inc. ADR (a) | 82,104 | 18,775,543 | |||
BAIOO Family Interactive, Ltd. (c) | 860,000 | 51,106 | |||
Bank of China, Ltd. Class H | 22,114,900 | 9,835,251 | |||
Bank of Communications Co., Ltd. Class H | 6,318,864 | 4,740,218 | |||
Baozun, Inc. ADR (a)(b) | 4,430 | 215,209 | |||
BBMG Corp. Class H (b) | 349,000 | 119,531 | |||
BeiGene, Ltd. ADR (a) | 15,631 | 2,691,971 | |||
Beijing Capital International Airport Co., Ltd. Class H | 1,319,443 | 1,603,586 |
Security Description | Shares | Value | |||
Beijing Capital Land, Ltd. Class H | 28,000 | $ 10,270 | |||
Beijing Enterprises Clean Energy Group, Ltd. (a) | 7,214,856 | 130,007 | |||
Beijing Enterprises Holdings, Ltd. | 205,000 | 1,150,111 | |||
Beijing Enterprises Water Group, Ltd. (a) | 1,576,000 | 839,873 | |||
Beijing Jingneng Clean Energy Co., Ltd. Class H | 136,000 | 27,461 | |||
Bilibili, Inc. ADR (a)(b) | 8,628 | 116,305 | |||
Bitauto Holdings, Ltd. ADR (a)(b) | 5,882 | 135,286 | |||
BOE Technology Group Co., Ltd. Class B | 237,000 | 89,955 | |||
Boer Power Holdings, Ltd. (a) | 7,000 | 564 | |||
Boyaa Interactive International, Ltd. (a) | 64,000 | 15,377 | |||
Brilliance China Automotive Holdings, Ltd. | 868,000 | 1,404,348 | |||
BYD Co., Ltd. Class H (b) | 206,500 | 1,483,124 | |||
BYD Electronic International Co., Ltd. (b) | 205,000 | 301,806 | |||
C.banner International Holdings, Ltd. (a)(b) | 12,000 | 843 | |||
Cabbeen Fashion, Ltd. | 359,000 | 111,945 | |||
CAR, Inc. (a)(b) | 350,000 | 276,873 | |||
CGN Meiya Power Holdings Co., Ltd. (a)(c) | 24,000 | 3,957 | |||
CGN Mining Co., Ltd. | 325,000 | 14,952 | |||
CGN Power Co., Ltd. Class H (c) | 2,943,000 | 699,559 | |||
Changyou.com, Ltd. ADR | 2,051 | 27,073 | |||
Chanjet Information Technology Co., Ltd. Class H (a) | 2,600 | 3,389 | |||
Chaowei Power Holdings, Ltd. (b) | 75,000 | 32,972 | |||
Cheetah Mobile, Inc. ADR (a) | 3,328 | 32,714 | |||
China Aerospace International Holdings, Ltd. | 706,000 | 56,842 | |||
China Agri-Industries Holdings, Ltd. | 419,000 | 161,712 | |||
China Aircraft Leasing Group Holdings, Ltd. | 6,500 | 7,053 | |||
China Aoyuan Property Group, Ltd. | 357,000 | 241,805 | |||
China Biologic Products Holdings, Inc. (a)(b) | 4,915 | 393,200 | |||
China Chengtong Development Group, Ltd. (a)(b) | 1,572,000 | 40,581 | |||
China Child Care Corp., Ltd. (a) | 426,000 | 5,444 | |||
China Cinda Asset Management Co., Ltd. Class H | 3,592,000 | 908,914 | |||
China CITIC Bank Corp., Ltd. Class H | 3,389,000 | 2,169,854 | |||
China Coal Energy Co., Ltd. Class H | 2,135,000 | 900,395 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Communications Construction Co., Ltd. Class H | 1,633,241 | $ 1,669,789 | |||
China Communications Services Corp., Ltd. Class H | 152,000 | 140,055 | |||
China Conch Venture Holdings, Ltd. | 433,700 | 1,513,120 | |||
China Construction Bank Corp. Class H | 29,580,280 | 25,857,086 | |||
China Datang Corp. Renewable Power Co., Ltd. Class H | 493,000 | 71,195 | |||
China Distance Education Holdings, Ltd. ADR | 3,831 | 31,721 | |||
China Dongxiang Group Co., Ltd. | 353,000 | 59,097 | |||
China Eastern Airlines Corp., Ltd. Class H (b) | 144,000 | 92,382 | |||
China Electronics Huada Technology Co., Ltd. (b) | 134,000 | 13,700 | |||
China Energine International Holdings, Ltd. (a) | 830,000 | 22,275 | |||
China Everbright International, Ltd. (b) | 1,151,111 | 994,455 | |||
China Everbright, Ltd. | 24,000 | 43,001 | |||
China Evergrande Group | 1,078,433 | 3,025,164 | |||
China Fangda Group Co., Ltd. Class B | 615,700 | 301,362 | |||
China Financial Services Holdings, Ltd. | 724,000 | 49,964 | |||
China Foods, Ltd. | 16,000 | 8,138 | |||
China Galaxy Securities Co., Ltd. Class H | 855,900 | 399,243 | |||
China Hanking Holdings, Ltd. | 362,000 | 47,188 | |||
China Harmony New Energy Auto Holding, Ltd. (b) | 7,000 | 2,916 | |||
China Hongqiao Group, Ltd. | 24,500 | 16,281 | |||
China Huarong Energy Co., Ltd. (a) | 128,400 | 1,657 | |||
China Huishan Dairy Holdings Co., Ltd. (a)(b)(d) | 310,600 | — | |||
China Huiyuan Juice Group, Ltd. (a)(b)(e) | 188,500 | 48,661 | |||
China International Marine Containers Group Co., Ltd. Class H | 50,000 | 53,036 | |||
China Lesso Group Holdings, Ltd. | 348,000 | 197,462 | |||
China Life Insurance Co., Ltd. Class H | 2,278,260 | 5,176,739 | |||
China Longyuan Power Group Corp., Ltd. Class H | 783,000 | 658,429 | |||
China Machinery Engineering Corp. Class H | 14,000 | 6,853 | |||
China Medical System Holdings, Ltd. | 434,000 | 603,448 | |||
China Mengniu Dairy Co., Ltd. (a) | 1,224,447 | 4,076,326 | |||
China Merchants Bank Co., Ltd. Class H | 1,500,423 | 6,097,644 |
Security Description | Shares | Value | |||
China Merchants China Direct Investments, Ltd. | 4,000 | $ 5,224 | |||
China Merchants Port Holdings Co., Ltd. | 727,281 | 1,392,308 | |||
China Minsheng Banking Corp., Ltd. Class H (b) | 2,226,379 | 1,653,090 | |||
China Mobile, Ltd. | 1,658,102 | 16,348,141 | |||
China Modern Dairy Holdings, Ltd. (a) | 6,000 | 836 | |||
China Molybdenum Co., Ltd. Class H (b) | 222,000 | 93,057 | |||
China National Accord Medicines Corp., Ltd. Class B | 7,100 | 26,313 | |||
China National Building Material Co., Ltd. Class H | 1,041,400 | 924,961 | |||
China Oilfield Services, Ltd. Class H | 863,723 | 937,138 | |||
China Overseas Grand Oceans Group, Ltd. | 109,500 | 35,264 | |||
China Overseas Land & Investment, Ltd. | 1,711,200 | 5,357,819 | |||
China Overseas Property Holdings, Ltd. | 62,066 | 17,847 | |||
China Pacific Insurance Group Co., Ltd. Class H | 756,600 | 2,920,078 | |||
China Petroleum & Chemical Corp. Class H | 8,199,643 | 8,215,466 | |||
China Power Clean Energy Development Co., Ltd. | 34,246 | 12,429 | |||
China Power International Development, Ltd. (b) | 2,135,000 | 474,754 | |||
China Railway Construction Corp., Ltd. Class H | 820,990 | 1,107,957 | |||
China Railway Group, Ltd. Class H | 1,719,487 | 1,705,226 | |||
China Rare Earth Holdings, Ltd. (a) | 711,200 | 32,720 | |||
China Resources Beer Holdings Co., Ltd. | 720,625 | 2,896,351 | |||
China Resources Gas Group, Ltd. | 44,000 | 179,095 | |||
China Resources Land, Ltd. | 880,222 | 3,082,223 | |||
China Resources Power Holdings Co., Ltd. | 860,432 | 1,521,857 | |||
China Sanjiang Fine Chemicals Co., Ltd. | 73,000 | 19,498 | |||
China Shenhua Energy Co., Ltd. Class H | 1,349,056 | 3,082,611 | |||
China Singyes Solar Technologies Holdings, Ltd. (b) | 9,600 | 3,325 | |||
China South City Holdings, Ltd. | 708,000 | 115,815 | |||
China Southern Airlines Co., Ltd. Class H | 698,000 | 446,904 | |||
China Taiping Insurance Holdings Co., Ltd. | 340,835 | 1,195,660 | |||
China Telecom Corp., Ltd. Class H | 5,831,615 | 2,899,076 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Tower Corp., Ltd. Class H (a)(c) | 6,056,000 | $ 882,291 | |||
China Travel International Investment Hong Kong, Ltd. | 2,416,000 | 778,070 | |||
China Unicom Hong Kong, Ltd. | 1,713,668 | 2,019,198 | |||
China Vanke Co., Ltd. Class H | 333,900 | 1,105,191 | |||
China Yurun Food Group, Ltd. (a)(b) | 12,000 | 1,212 | |||
China ZhengTong Auto Services Holdings, Ltd. (b) | 38,000 | 24,961 | |||
ChinaCache International Holdings, Ltd. ADR (a)(b) | 5,882 | 6,529 | |||
Chinasoft International, Ltd. (a) | 142,000 | 94,728 | |||
Chlitina Holding, Ltd. | 2,000 | 15,131 | |||
Chong Sing Holdings FinTech Group (a)(b) | 1,613,618 | 86,611 | |||
Chongqing Changan Automobile Co., Ltd. Class B | 330,400 | 266,857 | |||
Chongqing Machinery & Electric Co., Ltd. Class H | 138,000 | 10,229 | |||
CIFI Holdings Group Co., Ltd. | 26,000 | 11,962 | |||
CIMC Enric Holdings, Ltd. | 10,000 | 10,428 | |||
CITIC Resources Holdings, Ltd. (b) | 704,000 | 69,276 | |||
CITIC Securities Co., Ltd. Class H | 459,000 | 816,532 | |||
CITIC Telecom International Holdings, Ltd. | 351,000 | 119,768 | |||
CITIC, Ltd. | 2,058,000 | 3,066,656 | |||
CNOOC, Ltd. | 4,989,355 | 9,883,194 | |||
Cogobuy Group (b)(c) | 64,000 | 24,046 | |||
Colour Life Services Group Co., Ltd. (a) | 69,000 | 39,769 | |||
Comtec Solar Systems Group, Ltd. (a) | 838,000 | 10,067 | |||
Coolpad Group, Ltd. (a)(d) | 253,600 | — | |||
COSCO SHIPPING Development Co., Ltd. Class H (a) | 2,556,117 | 346,264 | |||
COSCO SHIPPING Energy Transportation Co., Ltd. Class H | 838,000 | 416,596 | |||
COSCO SHIPPING Holdings Co., Ltd. Class H (a)(b) | 1,283,925 | 533,266 | |||
COSCO SHIPPING Ports, Ltd. | 864,086 | 950,783 | |||
Cosmo Lady China Holdings Co., Ltd. (b)(c) | 71,000 | 31,122 | |||
Country Garden Holdings Co., Ltd. | 1,761,466 | 2,221,839 | |||
Country Garden Services Holdings Co., Ltd. (a) | 220,000 | 373,935 | |||
CRRC Corp., Ltd. Class H | 1,274,000 | 1,164,117 | |||
CSG Holding Co., Ltd. Class B | 33,005 | 12,696 | |||
CSPC Pharmaceutical Group, Ltd. | 1,126,000 | 2,391,611 | |||
Ctrip.com International, Ltd. ADR (a) | 103,796 | 3,858,097 | |||
Daqo New Energy Corp. ADR (a) | 3,831 | 100,027 |
Security Description | Shares | Value | |||
Datang International Power Generation Co., Ltd. Class H | 2,562,000 | $ 648,284 | |||
Dazhong Transportation Group Co., Ltd. Class B | 468,150 | 207,859 | |||
Dongfang Electric Corp., Ltd. Class H (a) | 85,400 | 50,531 | |||
Dongfeng Motor Group Co., Ltd. Class H | 1,704,000 | 1,755,197 | |||
E-Commodities Holdings, Ltd. | 6,500 | 415 | |||
Fang Holdings, Ltd. ADR (a) | 53,751 | 139,215 | |||
Fanhua, Inc. ADR (b) | 12,272 | 331,589 | |||
Fantasia Holdings Group Co., Ltd. | 523,500 | 64,226 | |||
Far East Horizon, Ltd. | 775,000 | 737,869 | |||
Fufeng Group, Ltd. (a)(b) | 71,000 | 34,570 | |||
Future Land Holdings Co., Ltd. Class A | 59,871 | 228,062 | |||
GDS Holdings, Ltd. ADR (a)(b) | 13,964 | 490,555 | |||
Geely Automobile Holdings, Ltd. | 753,000 | 1,501,208 | |||
Genertec Universal Medical Group Co., Ltd. (b)(c) | 217,100 | 166,746 | |||
Genscript Biotech Corp. (a)(b) | 226,000 | 381,822 | |||
GF Securities Co., Ltd. Class H | 509,600 | 653,859 | |||
Global Bio-Chem Technology Group Co., Ltd. (a) | 880,000 | 8,997 | |||
Goldpac Group, Ltd. | 64,000 | 16,685 | |||
GOME Retail Holdings, Ltd. (a)(b) | 3,343,000 | 341,781 | |||
Goodbaby International Holdings, Ltd. | 67,000 | 26,800 | |||
Grand Baoxin Auto Group, Ltd. | 3,158 | 932 | |||
Great Wall Motor Co., Ltd. Class H (b) | 1,054,750 | 672,622 | |||
Greatview Aseptic Packaging Co., Ltd. | 10,000 | 6,377 | |||
Greentown China Holdings, Ltd. | 208,000 | 194,313 | |||
Guangdong Electric Power Development Co., Ltd. Class B | 638,340 | 233,313 | |||
Guangdong Investment, Ltd. | 1,710,000 | 3,037,611 | |||
Guangshen Railway Co., Ltd. Class H (b) | 1,708,000 | 763,971 | |||
Guangzhou Automobile Group Co., Ltd. Class H | 1,254,090 | 1,389,533 | |||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H | 6,000 | 21,393 | |||
Guangzhou R&F Properties Co., Ltd. Class H | 822,800 | 1,512,079 | |||
Guodian Technology & Environment Group Corp., Ltd. Class H (a) | 73,000 | 3,265 | |||
Guotai Junan International Holdings, Ltd. (b) | 495,000 | 86,666 | |||
Haichang Ocean Park Holdings, Ltd. (a)(c) | 357,000 | 76,191 | |||
Haitian International Holdings, Ltd. | 5,000 | 11,131 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Haitong Securities Co., Ltd. Class H | 822,800 | $ 748,679 | |||
Hangzhou Steam Turbine Co., Ltd. Class B | 123,900 | 104,347 | |||
Harbin Electric Co., Ltd. Class H (b) | 698,000 | 219,438 | |||
Health and Happiness H&H International Holdings, Ltd. (a) | 5,000 | 30,032 | |||
Hengan International Group Co., Ltd. | 215,500 | 1,988,409 | |||
Honghua Group, Ltd. (a) | 14,000 | 1,181 | |||
Honworld Group, Ltd. (c) | 35,000 | 16,013 | |||
Hopson Development Holdings, Ltd. | 26,000 | 22,129 | |||
Hua Hong Semiconductor, Ltd. (c) | 103,000 | 221,930 | |||
Huadian Fuxin Energy Corp., Ltd. Class H | 128,000 | 25,846 | |||
Huadian Power International Corp., Ltd. Class H | 987,308 | 386,096 | |||
Huaneng Power International, Inc. Class H | 1,708,000 | 1,124,129 | |||
Huaneng Renewables Corp., Ltd. Class H | 850,000 | 253,102 | |||
Huangshan Tourism Development Co., Ltd. Class B | 297,432 | 366,436 | |||
Huatai Securities Co., Ltd. Class H (a)(c) | 240,000 | 344,132 | |||
Huazhu Group, Ltd. ADR | 25,082 | 810,149 | |||
HUYA, Inc. ADR (a) | 4,541 | 107,077 | |||
Industrial & Commercial Bank of China, Ltd. Class H | 23,844,590 | 17,430,390 | |||
Inner Mongolia Yitai Coal Co., Ltd. Class B | 168,436 | 202,123 | |||
iQIYI, Inc. ADR (a)(b) | 37,237 | 1,008,006 | |||
JD.com, Inc. ADR (a) | 261,422 | 6,820,500 | |||
Jiangnan Group, Ltd. (a) | 134,000 | 7,192 | |||
Jiangsu Expressway Co., Ltd. Class H | 988,000 | 1,267,687 | |||
Jiangxi Copper Co., Ltd. Class H | 429,000 | 500,552 | |||
JinkoSolar Holding Co., Ltd. ADR (a)(b) | 4,605 | 49,596 | |||
Joy City Property, Ltd. | 874,000 | 106,110 | |||
Jumei International Holding, Ltd. ADR (a)(b) | 2,554 | 5,440 | |||
Kama Co., Ltd. Class B (a) | 31,300 | 18,624 | |||
Kingdee International Software Group Co., Ltd. (b) | 712,000 | 775,248 | |||
Kingsoft Corp., Ltd. | 138,000 | 263,129 | |||
Konka Group Co., Ltd. Class B | 4,577,000 | 1,614,400 | |||
Kunlun Energy Co., Ltd. | 1,776,925 | 2,068,753 | |||
KWG Group Holdings, Ltd. | 438,168 | 400,936 | |||
Lao Feng Xiang Co., Ltd. Class B | 47,530 | 154,710 | |||
Lenovo Group, Ltd. (b) | 3,260,000 | 2,383,059 |
Security Description | Shares | Value | |||
LexinFintech Holdings, Ltd. ADR (a) | 13,283 | $ 131,900 | |||
Leyou Technologies Holdings, Ltd. (a) | 425,000 | 138,500 | |||
Li Ning Co., Ltd. (a) | 634,833 | 600,361 | |||
Lianhua Supermarket Holdings Co., Ltd. Class H (a) | 13,000 | 3,123 | |||
Lifetech Scientific Corp. (a) | 696,000 | 171,667 | |||
Link Motion, Inc. ADR (a)(b) | 11,777 | 7,773 | |||
Livzon Pharmaceutical Group, Inc. Class H | 51,406 | 176,721 | |||
Luye Pharma Group, Ltd. (b)(c) | 209,500 | 187,950 | |||
Maanshan Iron & Steel Co., Ltd. Class H | 1,552,000 | 833,033 | |||
Metallurgical Corp. of China, Ltd. Class H | 429,000 | 120,615 | |||
Minth Group, Ltd. | 68,000 | 280,694 | |||
MOBI Development Co., Ltd. | 499,000 | 53,567 | |||
Momo, Inc. ADR (a) | 39,166 | 1,715,471 | |||
National Agricultural Holdings, Ltd. (a)(b)(d) | 72,000 | 5,475 | |||
NetEase, Inc. ADR | 25,843 | 5,898,665 | |||
New China Life Insurance Co., Ltd. Class H | 211,600 | 1,015,423 | |||
New Oriental Education & Technology Group, Inc. ADR (a) | 36,002 | 2,664,508 | |||
Newater Technology, Inc. (a)(b) | 11,126 | 101,247 | |||
Noah Holdings, Ltd. ADR (a)(b) | 3,831 | 161,438 | |||
Ourgame International Holdings, Ltd. (a)(b) | 65,000 | 6,230 | |||
Ozner Water International Holding, Ltd. (b)(c) | 354,000 | 81,885 | |||
Pacific Online, Ltd. | 64,000 | 8,752 | |||
Parkson Retail Group, Ltd. (a) | 601,134 | 57,617 | |||
People's Insurance Co. Group of China, Ltd. Class H | 1,637,000 | 736,398 | |||
PetroChina Co., Ltd. Class H | 6,756,970 | 5,474,727 | |||
PICC Property & Casualty Co., Ltd. Class H | 3,200,222 | 3,778,969 | |||
Ping An Healthcare and Technology Co., Ltd. (a)(c) | 64,300 | 429,768 | |||
Ping An Insurance Group Co. of China, Ltd. Class H (b) | 1,491,500 | 15,153,452 | |||
Poly Culture Group Corp., Ltd. Class H | 7,200 | 9,091 | |||
Poly Property Group Co., Ltd. | 361,000 | 127,332 | |||
PW Medtech Group, Ltd. (a) | 68,000 | 13,991 | |||
Regal International Airport Group Co., Ltd. Class H | 65,000 | 57,151 | |||
ReneSola, Ltd. ADR (a)(b) | 10,673 | 21,559 | |||
Renhe Commercial Holdings Co., Ltd. (a)(b) | 4,961,000 | 168,010 | |||
Semiconductor Manufacturing International Corp. (a)(b) | 824,400 | 889,204 | |||
Seven Stars Cloud Group, Inc. (a) | 24,295 | 92,078 | |||
Shandong Airlines Co., Ltd. Class B | 5,800 | 9,251 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Shandong Chenming Paper Holdings, Ltd. Class B | 122,100 | $ 78,800 | |||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 272,000 | 268,701 | |||
Shanghai Baosight Software Co., Ltd. Class B | 27,100 | 49,295 | |||
Shanghai Electric Group Co., Ltd. Class H (b) | 1,726,077 | 615,440 | |||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 33,500 | 132,075 | |||
Shanghai Fudan Microelectronics Group Co., Ltd. Class H (a) | 16,000 | 16,563 | |||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H | 8,000 | 4,100 | |||
Shanghai Greencourt Investment Group Co., Ltd. Class B (a) | 225,348 | 78,872 | |||
Shanghai Huayi Group Corp., Ltd. Class B | 200 | 180 | |||
Shanghai Industrial Urban Development Group, Ltd. | 26,000 | 4,353 | |||
Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H | 28,000 | 7,872 | |||
Shanghai Jinjiang International Industrial Investment Co., Ltd. Class B | 251,082 | 258,363 | |||
Shanghai Jinjiang International Travel Co., Ltd. Class B | 6,000 | 12,516 | |||
Shanghai Jinqiao Export Processing Zone Development Co., Ltd. Class B | 309,866 | 366,262 | |||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 167,740 | 229,804 | |||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 85,500 | 213,725 | |||
Shanghai Prime Machinery Co., Ltd. Class H (a) | 136,000 | 19,640 | |||
Shengjing Bank Co., Ltd. Class H (c) | 206,800 | 98,842 | |||
Shenzhen Expressway Co., Ltd. Class H | 826,482 | 830,189 | |||
Shenzhen Investment, Ltd. (b) | 731,099 | 233,581 | |||
Shenzhou International Group Holdings, Ltd. | 64,000 | 821,173 | |||
Shougang Concord International Enterprises Co., Ltd. (a) | 1,348,000 | 33,076 | |||
Shunfeng International Clean Energy, Ltd. (a) | 138,000 | 5,908 | |||
Silver Grant International Industries, Ltd. (a)(b) | 142,000 | 31,758 | |||
SINA Corp. (a) | 25,345 | 1,760,971 | |||
Sinofert Holdings, Ltd. (a)(b) | 130,000 | 16,780 | |||
SinoMedia Holding, Ltd. (b) | 65,000 | 15,451 | |||
Sino-Ocean Group Holding, Ltd. | 1,694,480 | 747,097 | |||
Sinopec Oilfield Service Corp. Class H (a)(b) | 148,000 | 20,238 |
Security Description | Shares | Value | |||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 1,706,600 | $ 1,042,512 | |||
Sinopharm Group Co., Ltd. Class H | 313,200 | 1,532,999 | |||
Sinosoft Technology Group, Ltd. | 349,600 | 104,993 | |||
Sinotrans, Ltd. Class H | 2,059,300 | 839,521 | |||
Sinotruk Hong Kong, Ltd. | 110,500 | 240,632 | |||
Sinovac Biotech, Ltd. (a) | 34,748 | 267,212 | |||
SITC International Holdings Co., Ltd. | 69,000 | 55,730 | |||
SOHO China, Ltd. | 180,500 | 70,125 | |||
SPT Energy Group, Inc. (a) | 20,000 | 1,943 | |||
Sunac China Holdings, Ltd. (b) | 512,000 | 1,576,915 | |||
Sunny Optical Technology Group Co., Ltd. | 156,400 | 1,804,869 | |||
Synertone Communication Corp. (a) | 54,400 | 674 | |||
TAL Education Group ADR (a) | 89,070 | 2,289,990 | |||
TCL Electronics Holdings, Ltd. | 52,000 | 24,721 | |||
Tencent Holdings, Ltd. | 1,600,124 | 66,091,589 | |||
Tian Ge Interactive Holdings, Ltd. (c) | 70,000 | 43,298 | |||
Tiangong International Co., Ltd. (b) | 138,000 | 30,687 | |||
Tianneng Power International, Ltd. | 130,000 | 114,800 | |||
Tingyi Cayman Islands Holding Corp. | 990,000 | 1,819,346 | |||
Tong Ren Tang Technologies Co., Ltd. Class H | 10,000 | 14,646 | |||
TravelSky Technology, Ltd. Class H | 851,841 | 2,215,359 | |||
Trigiant Group, Ltd. | 22,000 | 3,036 | |||
Uni-President China Holdings, Ltd. | 72,000 | 76,832 | |||
Universal Health International Group Holding, Ltd. (a) | 69,000 | 794 | |||
V1 Group, Ltd. (a)(b)(e) | 1,750,200 | 107,362 | |||
Vipshop Holdings, Ltd. ADR (a) | 88,713 | 553,569 | |||
Want Want China Holdings, Ltd. (b) | 2,486,000 | 2,093,668 | |||
Weibo Corp. ADR (a)(b) | 8,467 | 619,192 | |||
West China Cement, Ltd. | 716,000 | 134,509 | |||
Wisdom Sports Group (b) | 75,000 | 6,901 | |||
Wuxi Biologics Cayman, Inc. (a)(c) | 104,500 | 1,057,033 | |||
Xiamen International Port Co., Ltd. Class H | 26,000 | 3,688 | |||
Xinchen China Power Holdings, Ltd. (a) | 352,000 | 31,039 | |||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H | 16,260 | 17,476 | |||
Xinyi Solar Holdings, Ltd. (b) | 881,254 | 271,418 | |||
Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H (a)(c) | 6,500 | 20,227 | |||
Yanzhou Coal Mining Co., Ltd. Class H | 1,022,000 | 1,184,621 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Yestar Healthcare Holdings Co., Ltd. | 22,500 | $ 6,240 | |||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H (c) | 37,000 | 153,913 | |||
Yihai International Holding, Ltd. | 55,000 | 125,113 | |||
Yingli Green Energy Holding Co., Ltd. ADR (a)(b) | 6,368 | 1,656 | |||
Yum China Holdings, Inc. | 93,511 | 3,283,171 | |||
YY, Inc. ADR (a) | 9,249 | 692,935 | |||
Zhaojin Mining Industry Co., Ltd. Class H | 36,500 | 28,267 | |||
Zhejiang Expressway Co., Ltd. Class H | 1,575,862 | 1,311,053 | |||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 209,300 | 1,195,633 | |||
Zijin Mining Group Co., Ltd. Class H | 2,475,000 | 952,057 | |||
ZTE Corp. Class H (a) | 387,466 | 710,075 | |||
ZTO Express Cayman, Inc. ADR | 83,216 | 1,378,889 | |||
470,393,367 | |||||
COLOMBIA — 0.5% | |||||
Almacenes Exito SA | 45,394 | 222,889 | |||
Avianca Holdings SA Preference Shares | 670,092 | 477,285 | |||
Banco Davivienda SA Preference Shares | 75,340 | 867,730 | |||
Banco de Bogota SA | 17,260 | 386,657 | |||
Bancolombia SA ADR | 25,328 | 1,056,684 | |||
Bancolombia SA | 69,980 | 751,791 | |||
Bolsa de Valores de Colombia | 86,306 | 345,876 | |||
Celsia SA ESP | 39,743 | 58,088 | |||
Cementos Argos SA | 48,142 | 124,838 | |||
Cementos Argos SA Preference Shares | 57,658 | 126,213 | |||
Cemex Latam Holdings SA (a) | 14,746 | 26,816 | |||
Constructora Conconcreto SA | 109,381 | 13,445 | |||
Corp. Financiera Colombiana SA (a) | 23,806 | 176,377 | |||
Ecopetrol SA | 673,783 | 914,446 | |||
Empresa de Telecomunicaciones de Bogota (a) | 1,266,948 | 142,508 | |||
Grupo Argos SA Preference Shares | 76,266 | 371,905 | |||
Grupo Argos SA | 17,635 | 96,805 | |||
Grupo Aval Acciones y Valores SA | 1,225,711 | 472,635 | |||
Grupo de Inversiones Suramericana SA Preference Shares | 27,629 | 316,357 | |||
Grupo de Inversiones Suramericana SA | 27,463 | 321,485 | |||
Grupo Nutresa SA | 25,571 | 208,399 | |||
Interconexion Electrica SA ESP | 102,090 | 460,015 | |||
7,939,244 | |||||
CZECH REPUBLIC — 0.3% | |||||
CEZ A/S | 91,922 | 2,350,152 |
Security Description | Shares | Value | |||
Komercni banka A/S | 48,602 | $ 1,994,725 | |||
4,344,877 | |||||
EGYPT — 0.4% | |||||
Commercial International Bank Egypt SAE | 917,167 | 4,259,811 | |||
Egypt Kuwait Holding Co. SAE | 358,676 | 415,706 | |||
Egyptian Financial Group-Hermes Holding Co. (a) | 548,275 | 526,246 | |||
Global Telecom Holding SAE (a) | 464,442 | 86,046 | |||
Orascom Investment Holding (a) | 102,728 | 3,468 | |||
5,291,277 | |||||
GREECE — 0.3% | |||||
Alpha Bank AE (a) | 297,475 | 428,096 | |||
Diana Shipping, Inc. (a) | 15,654 | 64,494 | |||
Ellaktor SA (a) | 354 | 588 | |||
Eurobank Ergasias SA (a) | 396,640 | 298,992 | |||
FF Group (a)(e) | 5,627 | 15,686 | |||
Fourlis Holdings SA (a) | 176 | 1,057 | |||
Frigoglass SAIC (a) | 99 | 19 | |||
GEK Terna Holding Real Estate Construction SA (a) | 685 | 4,034 | |||
Grivalia Properties REIC AE | 29,787 | 275,743 | |||
Hellenic Exchanges - Athens Stock Exchange SA | 56,449 | 286,521 | |||
Hellenic Telecommunications Organization SA | 47,161 | 578,998 | |||
Holding Co. ADMIE IPTO SA | 5,208 | 9,981 | |||
Intralot SA-Integrated Lottery Systems & Services (a) | 123,517 | 98,991 | |||
JUMBO SA | 19,410 | 288,572 | |||
Marfin Investment Group Holdings SA (a) | 1,114,592 | 107,452 | |||
Mytilineos Holdings SA | 181 | 1,797 | |||
National Bank of Greece SA (a) | 54,999 | 111,792 | |||
OPAP SA | 58,168 | 610,761 | |||
Piraeus Bank SA (a) | 89,483 | 195,397 | |||
Public Power Corp. SA (a) | 16,312 | 26,677 | |||
Star Bulk Carriers Corp. (a) | 9,423 | 136,162 | |||
Terna Energy SA | 215 | 1,591 | |||
Titan Cement Co. SA | 9,570 | 237,317 | |||
3,780,718 | |||||
HONG KONG — 1.2% | |||||
AGTech Holdings, Ltd. (a)(b) | 56,000 | 4,294 | |||
Alibaba Pictures Group, Ltd. (a)(b) | 4,142,400 | 566,444 | |||
AMVIG Holdings, Ltd. | 130,000 | 33,726 | |||
Asian Citrus Holdings, Ltd. (a)(d) | 51,000 | — | |||
Bosideng International Holdings, Ltd. | 702,000 | 98,685 | |||
Carnival Group International Holdings, Ltd. (a)(b) | 680,000 | 19,379 | |||
Chia Tai Enterprises International, Ltd. (a)(b) | 2,300 | 638 | |||
China All Access Holdings, Ltd. | 28,000 | 2,398 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Animation Characters Co., Ltd. (b) | 65,000 | $ 22,428 | |||
China Education Group Holdings, Ltd. (a) | 121,000 | 171,026 | |||
China Fiber Optic Network System Group, Ltd. (a)(d) | 88,800 | — | |||
China Financial International Investments, Ltd. (a)(b) | 640,000 | 15,540 | |||
China Financial Leasing Group, Ltd. (a) | 80,000 | 4,907 | |||
China First Capital Group, Ltd. (a) | 458,000 | 245,831 | |||
China Gas Holdings, Ltd. | 775,400 | 2,194,930 | |||
China High Speed Transmission Equipment Group Co., Ltd. (b) | 302,000 | 347,353 | |||
China Jicheng Holdings, Ltd. (a)(b)(c) | 117,414 | 720 | |||
China National Culture Group, Ltd. (a) | 670,000 | 1,284 | |||
China NT Pharma Group Co., Ltd. | 818,100 | 154,735 | |||
China Ocean Industry Group, Ltd. (a)(b) | 2,090,000 | 9,615 | |||
China Oil & Gas Group, Ltd. (a) | 132,000 | 9,616 | |||
China Public Procurement, Ltd. (a) | 67,200 | 696 | |||
China Resources Cement Holdings, Ltd. | 332,000 | 386,525 | |||
China Soft Power Technology Holdings, Ltd. (a)(b) | 168,000 | 1,245 | |||
China State Construction International Holdings, Ltd. | 159,250 | 168,309 | |||
China Vanguard You Champion Holdings, Ltd. (a) | 70,000 | 5,278 | |||
Citychamp Watch & Jewellery Group, Ltd. | 700,000 | 150,290 | |||
Comba Telecom Systems Holdings, Ltd. (a)(b) | 146,117 | 22,968 | |||
Concord New Energy Group, Ltd. | 120,000 | 4,831 | |||
CP Pokphand Co., Ltd. | 1,584,000 | 141,702 | |||
Digital China Holdings, Ltd. (a)(b) | 359,000 | 192,234 | |||
Essex Bio-technology, Ltd. (b) | 360,000 | 282,483 | |||
Eternity Investment, Ltd. (a) | 40,574 | 913 | |||
Feiyu Technology International Co., Ltd. (a)(c) | 19,500 | 1,171 | |||
First Shanghai Investments, Ltd. (a) | 40,000 | 2,428 | |||
Fullshare Holdings, Ltd. (a)(b) | 2,049,500 | 984,820 | |||
GCL-Poly Energy Holdings, Ltd. (a)(b) | 2,479,000 | 174,245 | |||
Golden Meditech Holdings, Ltd. | 44,000 | 4,780 | |||
Haier Electronics Group Co., Ltd. (a) | 72,000 | 195,530 | |||
Hanergy Thin Film Power Group, Ltd. (a)(d) | 856,000 | — | |||
Hengdeli Holdings, Ltd. (a) | 5,381,600 | 216,642 |
Security Description | Shares | Value | |||
Hi Sun Technology China, Ltd. (a) | 225,000 | $ 31,055 | |||
Hua Han Health Industry Holdings, Ltd. (a)(b)(d) | 283,600 | — | |||
Huabao International Holdings, Ltd. | 327,000 | 175,517 | |||
Huayi Tencent Entertainment Co., Ltd. (a)(b) | 110,000 | 4,147 | |||
Imperial Pacific International Holdings, Ltd. (a)(b) | 8,590,000 | 71,356 | |||
Ju Teng International Holdings, Ltd. | 134,500 | 33,862 | |||
Kingboard Holdings, Ltd. | 424,340 | 1,385,562 | |||
Kingboard Laminates Holdings, Ltd. | 217,000 | 192,460 | |||
Lee & Man Paper Manufacturing, Ltd. | 76,000 | 70,513 | |||
Life Healthcare Group, Ltd. (a) | 88,000 | 2,474 | |||
Millennium Pacific Group Holdings, Ltd. (a) | 190,000 | 3,569 | |||
Munsun Capital Group, Ltd. (a)(b) | 51,111 | 1,633 | |||
Neo Telemedia, Ltd. | 3,380,000 | 85,095 | |||
NetDragon Websoft Holdings, Ltd. (b) | 34,500 | 72,219 | |||
New Provenance Everlasting Holdings, Ltd. Class H (a)(b) | 3,468,030 | 22,603 | |||
NewOcean Energy Holdings, Ltd. (a)(b) | 22,000 | 6,832 | |||
Nine Dragons Paper Holdings, Ltd. | 776,000 | 838,983 | |||
Pou Sheng International Holdings, Ltd. | 439,000 | 87,521 | |||
Qianhai Health Holdings, Ltd. | 5,921 | 337 | |||
Real Nutriceutical Group, Ltd. (a)(e) | 199,000 | 5,086 | |||
Shenwan Hongyuan HK, Ltd. | 10,000 | 2,262 | |||
Shenzhen International Holdings, Ltd. | 228,823 | 472,566 | |||
Shimao Property Holdings, Ltd. | 640,500 | 1,597,792 | |||
SIM Technology Group, Ltd. | 1,554,000 | 60,572 | |||
Sino Biopharmaceutical, Ltd. | 1,902,000 | 1,774,412 | |||
Skyworth Digital Holdings, Ltd. | 699,225 | 197,483 | |||
Solargiga Energy Holdings, Ltd. (a) | 2,917,000 | 40,261 | |||
Solartech International Holdings, Ltd. (a)(b) | 1,000,000 | 121,407 | |||
SSY Group, Ltd. | 199,740 | 192,978 | |||
Sun Art Retail Group, Ltd. | 391,000 | 508,681 | |||
Suncorp Technologies, Ltd. (a) | 4,160,000 | 8,506 | |||
Tech Pro Technology Development, Ltd. (a)(e) | 484,000 | 4,206 | |||
Tibet Water Resources, Ltd. (a)(b) | 67,000 | 21,149 | |||
United Laboratories International Holdings, Ltd. (b) | 12,000 | 10,643 | |||
Vision Values Holdings, Ltd. (a) | 90,000 | 4,371 | |||
Wanda Hotel Development Co., Ltd. (a) | 320,000 | 29,036 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Wasion Holdings, Ltd. | 24,000 | $ 12,146 | |||
WH Group, Ltd. (c) | 2,111,000 | 1,486,487 | |||
Xinyi Automobile Glass Hong Kong Enterprises, Ltd. (a) | 12,250 | 2,943 | |||
Xinyi Glass Holdings, Ltd. | 820,000 | 1,036,409 | |||
Yip's Chemical Holdings, Ltd. | 10,000 | 3,348 | |||
Yuexiu Property Co., Ltd. | 3,260,000 | 583,266 | |||
Yuexiu Transport Infrastructure, Ltd. (b) | 1,258 | 998 | |||
18,103,385 | |||||
HUNGARY — 0.6% | |||||
MOL Hungarian Oil & Gas PLC | 226,321 | 2,438,175 | |||
OTP Bank Nyrt | 124,246 | 4,604,482 | |||
Richter Gedeon Nyrt | 106,400 | 1,990,664 | |||
9,033,321 | |||||
INDIA — 12.7% | |||||
Adani Enterprises, Ltd. | 95,162 | 171,446 | |||
Adani Gas, Ltd. (a)(e) | 2,430 | 2,169 | |||
Adani Green Energy, Ltd. (a) | 154,985 | 87,338 | |||
Adani Ports & Special Economic Zone, Ltd. | 256,373 | 1,163,210 | |||
Adani Power, Ltd. (a) | 390,833 | 128,319 | |||
Adani Transmission, Ltd. (a) | 58,561 | 129,579 | |||
Aditya Birla Capital, Ltd. GDR (a) | 285 | 450 | |||
AIA Engineering, Ltd. | 3,470 | 85,115 | |||
Alok Industries, Ltd. (a) | 1,202,693 | 55,580 | |||
Amtek Auto, Ltd. (a)(e) | 25,821 | 2,066 | |||
Anant Raj, Ltd. | 361,124 | 186,067 | |||
Apollo Hospitals Enterprise, Ltd. | 31,720 | 456,065 | |||
Ashok Leyland, Ltd. | 190,882 | 313,616 | |||
Asian Paints, Ltd. | 25,775 | 459,854 | |||
AstraZeneca Pharma India, Ltd. (a) | 25,240 | 544,511 | |||
Aurobindo Pharma, Ltd. | 103,541 | 1,063,334 | |||
Axis Bank, Ltd. (a) | 402,892 | 3,408,381 | |||
Bajaj Finance, Ltd. | 35,856 | 1,072,366 | |||
Bajaj Hindusthan Sugar, Ltd. (a) | 531,688 | 60,877 | |||
Balkrishna Industries, Ltd. | 11,679 | 164,100 | |||
Balrampur Chini Mills, Ltd. | 257,449 | 252,335 | |||
BF Investment, Ltd. (a) | 62,474 | 227,566 | |||
Bharat Electronics, Ltd. | 105,402 | 116,758 | |||
Bharat Financial Inclusion, Ltd. (a) | 16,422 | 235,286 | |||
Bharat Forge, Ltd. | 13,524 | 112,143 | |||
Bharat Heavy Electricals, Ltd. | 619,290 | 585,203 | |||
Bharat Petroleum Corp., Ltd. | 92,688 | 478,400 | |||
Bharti Airtel, Ltd. | 674,239 | 3,148,898 | |||
Bharti Infratel, Ltd. | 109,736 | 398,056 | |||
Biocon, Ltd. | 58,161 | 554,692 | |||
Bombay Dyeing & Manufacturing Co., Ltd. | 37,288 | 86,289 | |||
Bosch, Ltd. | 417 | 114,671 | |||
Britannia Industries, Ltd. | 26,593 | 2,136,354 | |||
Caplin Point Laboratories, Ltd. | 21,554 | 122,191 |
Security Description | Shares | Value | |||
CG Power and Industrial Solutions, Ltd. (a) | 150,584 | $ 93,063 | |||
Cipla, Ltd. | 281,844 | 2,542,972 | |||
Coal India, Ltd. | 206,847 | 759,733 | |||
CORE Education & Technologies, Ltd. (a)(d) | 9,253 | — | |||
DCB Bank, Ltd. | 748,088 | 1,527,342 | |||
Delta Corp., Ltd. | 50,595 | 146,292 | |||
Dewan Housing Finance Corp., Ltd. | 208,845 | 792,136 | |||
Dilip Buildcon, Ltd. (c) | 10,869 | 98,052 | |||
Dr Reddy's Laboratories, Ltd. ADR | 78,772 | 2,725,511 | |||
Edelweiss Financial Services, Ltd. | 80,958 | 211,637 | |||
Educomp Solutions, Ltd. (a) | 22,435 | 573 | |||
Eicher Motors, Ltd. | 2,630 | 877,467 | |||
Era Infra Engineering, Ltd. (a)(d) | 2,941 | — | |||
FDC, Ltd. | 54,319 | 160,507 | |||
Federal Bank, Ltd. | 216,621 | 211,272 | |||
Fortis Healthcare, Ltd. (a) | 147,289 | 274,198 | |||
GAIL India, Ltd. | 551,121 | 2,881,430 | |||
Gammon India, Ltd. (a)(e) | 139,302 | 3,171 | |||
Gateway Distriparks, Ltd. | 89,477 | 179,411 | |||
Gitanjali Gems, Ltd. (e) | 3,573 | 86 | |||
Glenmark Pharmaceuticals, Ltd. | 24,036 | 209,606 | |||
Godrej Consumer Products, Ltd. | 54,856 | 581,673 | |||
Godrej Industries, Ltd. | 151,621 | 1,080,527 | |||
Granules India, Ltd. | 307,407 | 403,501 | |||
Graphite India, Ltd. | 25,272 | 293,997 | |||
Grasim Industries, Ltd. GDR | 209 | 2,947 | |||
Grasim Industries, Ltd. | 28,861 | 406,698 | |||
GRUH Finance, Ltd. | 442,961 | 1,857,943 | |||
GTL Infrastructure, Ltd. (a) | 1,500,513 | 27,944 | |||
GTL, Ltd. (a) | 312,143 | 23,683 | |||
Gujarat NRE Coke, Ltd. (a)(e) | 25,505 | 317 | |||
Gujarat Pipavav Port, Ltd. | 12,653 | 17,507 | |||
GVK Power & Infrastructure, Ltd. (a) | 659,609 | 70,520 | |||
HCL Technologies, Ltd. | 159,290 | 2,390,339 | |||
HDFC Bank, Ltd. | 494,261 | 13,677,918 | |||
HEG, Ltd. | 6,746 | 311,359 | |||
Hero MotoCorp, Ltd. | 90,240 | 3,651,490 | |||
Himadri Speciality Chemical, Ltd. | 94,706 | 149,656 | |||
Hindalco Industries, Ltd. | 287,284 | 910,122 | |||
Hindustan Construction Co., Ltd. (a) | 612,709 | 90,017 | |||
Hindustan Petroleum Corp., Ltd. | 31,917 | 110,712 | |||
Hindustan Unilever, Ltd. | 352,574 | 7,822,872 | |||
Housing Development & Infrastructure, Ltd. (a) | 68,013 | 19,515 | |||
Housing Development Finance Corp., Ltd. | 589,919 | 14,278,009 | |||
ICICI Bank, Ltd. ADR | 744,874 | 6,323,980 | |||
IDFC Bank, Ltd. | 27 | 14 | |||
IDFC, Ltd. | 18 | 10 | |||
IIFL Holdings, Ltd. | 26,378 | 185,417 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
India Cements, Ltd. | 148,759 | $ 207,676 | |||
Indiabulls Housing Finance, Ltd. | 47,203 | 557,951 | |||
Indiabulls Real Estate, Ltd. (a) | 107,611 | 130,339 | |||
Indiabulls Ventures, Ltd. | 47,028 | 349,612 | |||
Indian Hotels Co., Ltd. | 387,605 | 732,006 | |||
Indian Oil Corp., Ltd. | 182,700 | 386,495 | |||
IndusInd Bank, Ltd. | 26,283 | 612,768 | |||
Info Edge India, Ltd. | 16,130 | 316,670 | |||
Infosys, Ltd. ADR | 1,356,711 | 13,797,751 | |||
IRB Infrastructure Developers, Ltd. | 21,209 | 40,142 | |||
ITC, Ltd. | 766,188 | 3,147,089 | |||
ITC, Ltd. GDR | 55,469 | 227,839 | |||
IVRCL, Ltd. (a) | 5,304,684 | 73,178 | |||
Jain Irrigation Systems, Ltd. | 156,896 | 132,135 | |||
Jaiprakash Associates, Ltd. (a) | 296,686 | 27,012 | |||
Jet Airways India, Ltd. (a) | 80,102 | 199,012 | |||
Jindal Steel & Power, Ltd. (a) | 27,919 | 75,623 | |||
JSW Steel, Ltd. | 82,014 | 431,793 | |||
Jubilant Foodworks, Ltd. | 20,741 | 351,859 | |||
Jubilant Life Sciences, Ltd. | 17,619 | 178,086 | |||
Just Dial, Ltd. (a) | 31,423 | 206,987 | |||
KEI Industries, Ltd. | 45,635 | 226,003 | |||
Kotak Mahindra Bank, Ltd. | 176,655 | 2,782,030 | |||
KPIT Technologies, Ltd. | 61,662 | 181,524 | |||
L&T Finance Holdings, Ltd. | 52,697 | 94,213 | |||
Lanco Infratech, Ltd. (a)(e) | 15,749,074 | 65,178 | |||
Larsen & Toubro, Ltd. GDR | 261,202 | 4,529,243 | |||
LIC Housing Finance, Ltd. | 89,138 | 513,260 | |||
Lupin, Ltd. | 54,205 | 673,693 | |||
LUX Industries, Ltd. | 14,440 | 323,212 | |||
Magma Fincorp, Ltd. | 41,778 | 66,306 | |||
Mahanagar Telephone Nigam, Ltd. (a) | 256,092 | 47,693 | |||
Mahindra & Mahindra Financial Services, Ltd. | 80,393 | 443,831 | |||
Mahindra & Mahindra, Ltd. GDR | 391,009 | 4,574,805 | |||
MakeMyTrip, Ltd. (a)(b) | 7,039 | 193,221 | |||
Marico, Ltd. | 42,625 | 195,837 | |||
Marksans Pharma, Ltd. | 804,203 | 326,163 | |||
Maruti Suzuki India, Ltd. | 64,129 | 6,500,437 | |||
Mindtree, Ltd. | 16,336 | 232,848 | |||
Monnet Ispat & Energy, Ltd. (a) | 4,400 | 2,067 | |||
MRF, Ltd. | 842 | 738,722 | |||
NCC, Ltd. | 98,007 | 98,697 | |||
NIIT Technologies, Ltd. | 17,962 | 271,846 | |||
NTPC, Ltd. | 566,422 | 1,303,732 | |||
Oil & Natural Gas Corp., Ltd. | 1,165,509 | 2,849,058 | |||
OnMobile Global, Ltd. | 13,177 | 6,171 | |||
Opto Circuits India, Ltd. (a) | 1,210,209 | 157,766 | |||
Orient Electric, Ltd. | 51,899 | 92,286 | |||
Page Industries, Ltd. | 932 | 422,802 | |||
Paisalo Digital, Ltd. | 9,751 | 40,348 | |||
PC Jeweller, Ltd. | 76,436 | 65,744 | |||
Pfizer, Ltd. | 5,138 | 211,679 | |||
Phillips Carbon Black, Ltd. | 44,710 | 126,439 | |||
Piramal Enterprises, Ltd. | 8,320 | 263,907 |
Security Description | Shares | Value | |||
Power Grid Corp. of India, Ltd. | 140,596 | $ 365,406 | |||
Prism Johnson, Ltd. | 77,071 | 93,136 | |||
PS IT Infrastructure & Services, Ltd. (a) | 320,712 | 193,339 | |||
PTC India, Ltd. | 259,342 | 238,628 | |||
Punj Lloyd, Ltd. (a) | 676,869 | 85,437 | |||
Radico Khaitan, Ltd. | 34,440 | 164,836 | |||
Rain Industries, Ltd. | 51,841 | 116,783 | |||
Rajesh Exports, Ltd. | 42,268 | 394,080 | |||
RattanIndia Infrastructure, Ltd. (a) | 172,379 | 9,512 | |||
Raymond, Ltd. | 15,693 | 143,616 | |||
Redington India, Ltd. | 76,927 | 99,647 | |||
REI Agro, Ltd. (a)(d) | 1,873,023 | — | |||
Reliance Capital, Ltd. | 36,097 | 140,524 | |||
Reliance Communications, Ltd. (a) | 416,233 | 68,329 | |||
Reliance Home Finance, Ltd. | 12,479 | 8,461 | |||
Reliance Industries, Ltd. GDR (c) | 388,721 | 13,352,566 | |||
Reliance Infrastructure, Ltd. | 104,847 | 434,199 | |||
Rolta India, Ltd. (a) | 19,444 | 3,782 | |||
Ruchi Soya Industries, Ltd. (a) | 1,127,679 | 106,561 | |||
Sequent Scientific, Ltd. | 293,648 | 204,569 | |||
Sharda Cropchem, Ltd. | 10,225 | 46,696 | |||
Shilpa Medicare, Ltd. | 28,600 | 158,998 | |||
Shriram Transport Finance Co., Ltd. | 37,049 | 588,240 | |||
Siemens, Ltd. | 95,668 | 1,247,353 | |||
Sintex Industries, Ltd. | 229,507 | 35,776 | |||
Sintex Plastics Technology, Ltd. (a) | 66,303 | 26,571 | |||
Solara Active Pharma Sciences, Ltd. (a) | 27,981 | 105,242 | |||
Srei Infrastructure Finance, Ltd. | 211,818 | 94,528 | |||
State Bank of India GDR (a) | 45,580 | 1,684,181 | |||
Sterlite Technologies, Ltd. | 39,735 | 160,798 | |||
Strides Pharma Science, Ltd. | 42,499 | 254,971 | |||
Sun Pharma Advanced Research Co., Ltd. (a) | 10,567 | 49,927 | |||
Sun Pharmaceutical Industries, Ltd. | 336,834 | 2,896,010 | |||
Sun TV Network, Ltd. | 31,872 | 270,070 | |||
Suven Life Sciences, Ltd. | 104,414 | 388,690 | |||
Suzlon Energy, Ltd. (a) | 1,843,569 | 138,605 | |||
Symphony, Ltd. | 4,826 | 65,273 | |||
Tata Communications, Ltd. | 71,271 | 492,084 | |||
Tata Consultancy Services, Ltd. | 345,063 | 10,394,731 | |||
Tata Elxsi, Ltd. | 11,786 | 187,952 | |||
Tata Motors, Ltd. ADR (a) | 141,159 | 2,168,202 | |||
Tata Power Co., Ltd. | 1,029,052 | 934,792 | |||
Tata Steel, Ltd. | 152,076 | 1,219,398 | |||
Tech Mahindra, Ltd. | 136,791 | 1,406,783 | |||
Tejas Networks, Ltd. (a)(c) | 39,244 | 140,486 | |||
Thyrocare Technologies, Ltd. (c) | 21,700 | 192,244 | |||
Titan Co., Ltd. | 39,563 | 439,674 | |||
UltraTech Cement, Ltd. | 7,358 | 412,100 | |||
Unichem Laboratories, Ltd. | 65,780 | 177,540 | |||
Unitech, Ltd. (a) | 533,877 | 19,149 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
United Breweries, Ltd. | 22,384 | $ 419,133 | |||
United Spirits, Ltd. (a) | 99,106 | 703,134 | |||
UPL, Ltd. | 57,148 | 523,706 | |||
Vakrangee, Ltd. | 250,665 | 98,032 | |||
Vedanta, Ltd. | 255,079 | 817,421 | |||
Venky's India, Ltd. | 3,838 | 115,691 | |||
Videocon Industries, Ltd. (a) | 931,948 | 52,068 | |||
VIP Industries, Ltd. | 19,206 | 109,582 | |||
V-Mart Retail, Ltd. | 5,406 | 186,988 | |||
Vodafone Idea, Ltd. (a) | 119,672 | 63,641 | |||
VST Industries, Ltd. | 8,407 | 324,665 | |||
Welspun India, Ltd. | 65,063 | 52,551 | |||
Wipro, Ltd. ADR (b) | 620,731 | 3,234,008 | |||
Wockhardt, Ltd. (a) | 28,250 | 211,144 | |||
Yes Bank, Ltd. | 372,312 | 943,235 | |||
Zee Entertainment Enterprises, Ltd. | 175,068 | 1,059,247 | |||
188,843,936 | |||||
INDONESIA — 2.5% | |||||
Alam Sutera Realty Tbk PT (a) | 2,781,900 | 53,392 | |||
Astra International Tbk PT | 8,735,842 | 4,308,857 | |||
Bank Central Asia Tbk PT | 4,733,748 | 7,671,712 | |||
Bank Danamon Indonesia Tbk PT | 1,865,818 | 901,513 | |||
Bank Mandiri Persero Tbk PT | 9,008,009 | 4,065,286 | |||
Bank Negara Indonesia Persero Tbk PT | 746,400 | 370,658 | |||
Bank Rakyat Indonesia Persero Tbk PT | 21,468,610 | 4,538,209 | |||
Barito Pacific Tbk PT | 7,305,100 | 902,016 | |||
Bekasi Fajar Industrial Estate Tbk PT | 1,727,900 | 19,944 | |||
Bumi Resources Tbk PT (a) | 1,026,300 | 14,876 | |||
Bumi Serpong Damai Tbk PT (a) | 1,462,200 | 113,334 | |||
Charoen Pokphand Indonesia Tbk PT | 1,616,400 | 550,497 | |||
Ciputra Development Tbk PT | 2,294,652 | 134,740 | |||
Citra Marga Nusaphala Persada Tbk PT (a) | 623,741 | 54,833 | |||
Garuda Indonesia Persero Tbk PT (a) | 4,920,400 | 68,020 | |||
Global Mediacom Tbk PT | 244,100 | 6,618 | |||
Indah Kiat Pulp & Paper Corp. Tbk PT | 225,200 | 262,203 | |||
Indocement Tunggal Prakarsa Tbk PT | 202,300 | 251,153 | |||
Indofood Sukses Makmur Tbk PT | 4,048,551 | 1,602,956 | |||
Indosat Tbk PT | 973,200 | 199,192 | |||
Japfa Comfeed Indonesia Tbk PT | 417,500 | 57,435 | |||
Kalbe Farma Tbk PT | 20,287,167 | 1,878,757 | |||
Kawasan Industri Jababeka Tbk PT (a) | 1,908,131 | 27,915 | |||
Lippo Cikarang Tbk PT (a) | 77,300 | 9,441 | |||
Lippo Karawaci Tbk PT | 4,753,400 | 109,732 |
Security Description | Shares | Value | |||
Matahari Department Store Tbk PT | 262,900 | $ 122,174 | |||
Matahari Putra Prima Tbk PT (a) | 244,300 | 3,082 | |||
Mayora Indah Tbk PT | 2,447,055 | 446,666 | |||
Medco Energi Internasional Tbk PT (a) | 11,722,566 | 786,670 | |||
Media Nusantara Citra Tbk PT | 323,500 | 17,476 | |||
Modernland Realty Tbk PT | 2,972,400 | 43,484 | |||
Pabrik Kertas Tjiwi Kimia Tbk PT | 236,138 | 218,287 | |||
Pakuwon Jati Tbk PT | 2,093,600 | 72,355 | |||
Perusahaan Gas Negara Persero Tbk | 5,562,100 | 839,830 | |||
Semen Indonesia Persero Tbk PT | 326,300 | 217,329 | |||
Sigmagold Inti Perkasa Tbk PT (a)(d) | 1,312,600 | — | |||
Summarecon Agung Tbk PT | 1,621,500 | 71,274 | |||
Telekomunikasi Indonesia Persero Tbk PT | 14,099,100 | 3,443,997 | |||
Tiga Pilar Sejahtera Food Tbk (a)(e) | 2,383,200 | 26,868 | |||
Unilever Indonesia Tbk PT | 243,300 | 767,787 | |||
United Tractors Tbk PT | 888,715 | 1,968,097 | |||
37,218,665 | |||||
MACAU — 0.0% (f) | |||||
Newtree Group Holdings, Ltd. (a) | 35,000 | 2,460 | |||
MALAYSIA — 2.5% | |||||
Aeon Co. M Bhd | 2,290,290 | 940,798 | |||
AEON Credit Service M Bhd | 48,650 | 189,263 | |||
AirAsia Group Bhd | 442,200 | 337,647 | |||
Alliance Bank Malaysia Bhd | 1,815,600 | 1,833,806 | |||
Axiata Group Bhd | 561,999 | 619,238 | |||
Berjaya Sports Toto Bhd | 889,914 | 509,628 | |||
Bintulu Port Holdings Bhd (e) | 94 | 119 | |||
British American Tobacco Malaysia Bhd | 7,200 | 55,185 | |||
Bursa Malaysia Bhd | 570,539 | 1,078,075 | |||
Capitaland Malaysia Mall Trust REIT | 582,000 | 160,319 | |||
Carlsberg Brewery Malaysia Bhd Class B | 806,342 | 3,896,784 | |||
CIMB Group Holdings Bhd | 546,135 | 793,107 | |||
Dialog Group Bhd | 2,460,253 | 2,074,733 | |||
DiGi.Com Bhd | 2,357,400 | 2,745,601 | |||
FGV Holdings Bhd | 154,100 | 57,715 | |||
Genting Bhd | 1,422,200 | 2,683,915 | |||
Genting Malaysia Bhd | 257,600 | 310,601 | |||
George Kent Malaysia Bhd | 372,900 | 118,038 | |||
Guan Chong Bhd | 362,700 | 212,090 | |||
Hap Seng Plantations Holdings Bhd | 25,800 | 13,778 | |||
IHH Healthcare Bhd | 358,900 | 451,823 | |||
Inari Amertron Bhd | 212,900 | 117,292 | |||
IOI Corp. Bhd | 2,257,160 | 2,476,140 | |||
IOI Properties Group Bhd | 1,711,762 | 690,744 | |||
Iskandar Waterfront City Bhd (a) | 140,200 | 21,681 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
KLCCP Stapled Group | 249,200 | $ 457,634 | |||
KNM Group Bhd (a) | 1,850,021 | 69,289 | |||
KPJ Healthcare Bhd | 653,380 | 170,509 | |||
Lingkaran Trans Kota Holdings Bhd | 165,600 | 182,466 | |||
Magnum Bhd | 1,360,960 | 631,399 | |||
Malayan Banking Bhd | 1,084,749 | 2,566,073 | |||
Malaysian Resources Corp. Bhd | 3,336,300 | 580,436 | |||
MPHB Capital Bhd (a) | 665,430 | 199,380 | |||
My EG Services Bhd | 684,300 | 289,362 | |||
Naim Holdings Bhd (a) | 87 | 11 | |||
OSK Holdings Bhd | 3,947,359 | 915,661 | |||
Pavilion Real Estate Investment Trust | 563,400 | 217,818 | |||
Petronas Chemicals Group Bhd | 91,700 | 207,397 | |||
Pos Malaysia Bhd | 437,900 | 380,921 | |||
Press Metal Aluminium Holdings Bhd | 98,500 | 115,672 | |||
Public Bank Bhd | 397,200 | 2,399,420 | |||
Sapura Energy Bhd (a) | 203,400 | 20,151 | |||
Sime Darby Bhd | 435,924 | 274,921 | |||
Sime Darby Plantation Bhd | 199,524 | 255,522 | |||
Sime Darby Property Bhd | 201,024 | 57,318 | |||
SP Setia Bhd Group | 139,010 | 90,692 | |||
Sunway Real Estate Investment Trust | 601,800 | 245,751 | |||
Supermax Corp. Bhd | 236,800 | 185,389 | |||
TA Enterprise Bhd | 2,325,900 | 362,500 | |||
TA Global Bhd | 1,639,656 | 112,916 | |||
Telekom Malaysia Bhd | 302,027 | 234,995 | |||
Tenaga Nasional Bhd | 403,200 | 1,506,215 | |||
UEM Edgenta Bhd | 290,100 | 178,049 | |||
UEM Sunrise Bhd | 1,875,888 | 376,220 | |||
UMW Holdings Bhd | 126,400 | 153,323 | |||
Unisem M Bhd | 119,200 | 89,288 | |||
United Plantations Bhd | 36,800 | 239,198 | |||
Velesto Energy Bhd (a) | 38,463 | 2,602 | |||
VS Industry Bhd | 767,050 | 320,647 | |||
WCT Holdings Bhd | 3,454,596 | 742,924 | |||
37,220,189 | |||||
MEXICO — 3.5% | |||||
Alfa SAB de CV Class A | 1,775,141 | 2,290,688 | |||
America Movil SAB de CV Series L | 8,188,410 | 6,586,023 | |||
Axtel SAB de CV (a)(b) | 717,949 | 143,212 | |||
Cemex SAB de CV Series CPO (a) | 5,222,305 | 3,669,724 | |||
Coca-Cola Femsa SAB de CV Series L | 262,487 | 1,603,902 | |||
Consorcio ARA SAB de CV (b) | 713,361 | 257,888 | |||
Desarrolladora Homex SAB de CV (a) | 14,849 | 237 | |||
El Puerto de Liverpool SAB de CV Series C1 | 148,602 | 1,116,070 | |||
Fibra Uno Administracion SA de CV REIT | 611,001 | 804,136 | |||
Fomento Economico Mexicano SAB de CV | 668,696 | 6,622,144 |
Security Description | Shares | Value | |||
Grupo Aeroportuario del Sureste SAB de CV Class B | 134,536 | $ 2,752,918 | |||
Grupo Bimbo SAB de CV Class A (b) | 1,180,388 | 2,519,314 | |||
Grupo Elektra SAB DE CV (b) | 22,162 | 1,011,457 | |||
Grupo Financiero Banorte SAB de CV Series O | 686,883 | 4,970,000 | |||
Grupo Financiero Inbursa SAB de CV Series O | 550,613 | 864,527 | |||
Grupo Mexico SAB de CV Class B | 1,293,916 | 3,733,132 | |||
Grupo Televisa SAB Series CPO (b) | 816,529 | 2,905,563 | |||
Impulsora del Desarrollo y el Empleo en America Latina SAB de CV (a)(e) | 504,963 | 864,142 | |||
Industrias CH SAB de CV Class B (a) | 149,959 | 617,824 | |||
Industrias Penoles SAB de CV | 66,143 | 1,140,287 | |||
Kimberly-Clark de Mexico SAB de CV Class A (a)(b) | 980,799 | 1,746,627 | |||
Sare Holding SAB de CV Class B (a) | 800,482 | 2,568 | |||
Telesites SAB de CV (a)(b) | 509,447 | 402,398 | |||
TV Azteca SAB de CV Series CPO (b) | 1,641,161 | 200,107 | |||
Urbi Desarrollos Urbanos SAB de CV (a) | 247,871 | 48,118 | |||
Wal-Mart de Mexico SAB de CV | 1,800,284 | 5,490,605 | |||
52,363,611 | |||||
MONACO — 0.0% (f) | |||||
GasLog, Ltd. | 7,241 | 143,010 | |||
NETHERLANDS — 0.0% (f) | |||||
VEON, Ltd. ADR (b) | 163,771 | 474,936 | |||
PERU — 0.8% | |||||
Cia de Minas Buenaventura SAA ADR (g) | 136,217 | 1,826,670 | |||
Cia de Minas Buenaventura SAA ADR (g) | 5,932 | 78,896 | |||
Credicorp, Ltd. | 29,460 | 6,571,937 | |||
Southern Copper Corp. (g) | 72,211 | 3,115,182 | |||
Southern Copper Corp. (g) | 4,688 | 208,616 | |||
Volcan Cia Minera SAA Class B | 2,008,078 | 468,743 | |||
12,270,044 | |||||
PHILIPPINES — 1.2% | |||||
Alliance Global Group, Inc. (a) | 888,000 | 205,113 | |||
Ayala Land, Inc. | 5,558,954 | 4,120,602 | |||
Bank of the Philippine Islands | 1,961,066 | 3,023,446 | |||
BDO Unibank, Inc. | 1,516,476 | 3,362,462 | |||
Bloomberry Resorts Corp. | 341,000 | 55,350 | |||
Cebu Air, Inc. | 619,160 | 802,169 | |||
Cebu Holdings, Inc. | 3,061,100 | 304,240 | |||
D&L Industries, Inc. | 934,700 | 170,402 | |||
DoubleDragon Properties Corp. (a) | 626,250 | 226,020 | |||
East West Banking Corp. (a) | 519,200 | 121,464 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Filinvest Land, Inc. | 26,240,000 | $ 694,488 | |||
First Philippine Holdings Corp. | 173,420 | 207,026 | |||
Global Ferronickel Holdings, Inc. (a) | 826,117 | 28,439 | |||
GMA Holdings, Inc. | 1,490,000 | 142,575 | |||
GT Capital Holdings, Inc. | 4,375 | 66,398 | |||
JG Summit Holdings, Inc. | 206,940 | 206,634 | |||
Megawide Construction Corp. | 1,985,488 | 569,592 | |||
Megaworld Corp. | 2,908,500 | 236,857 | |||
Nickel Asia Corp. | 233,000 | 18,888 | |||
PLDT, Inc. | 44,180 | 1,103,887 | |||
Puregold Price Club, Inc. | 136,150 | 113,395 | |||
San Miguel Corp. | 59,400 | 186,346 | |||
SM Investments Corp. | 71,020 | 1,188,267 | |||
SM Prime Holdings, Inc. | 1,320,590 | 883,571 | |||
Top Frontier Investment Holdings, Inc. (a) | 7,831 | 40,583 | |||
Universal Robina Corp. | 99,150 | 265,171 | |||
Vista Land & Lifescapes, Inc. | 460,178 | 51,869 | |||
18,395,254 | |||||
POLAND — 1.2% | |||||
11 bit studios SA (a) | 1,149 | 105,982 | |||
Asseco Poland SA | 36,872 | 476,742 | |||
Bank Polska Kasa Opieki SA | 67,304 | 1,939,091 | |||
Bioton SA (a) | 433 | 692 | |||
CCC SA | 1,917 | 114,414 | |||
CD Projekt SA (a) | 16,111 | 818,640 | |||
Eurocash SA | 3,408 | 16,716 | |||
Getin Holding SA (a) | 132,129 | 9,678 | |||
Getin Noble Bank SA (a) | 122,534 | 18,948 | |||
Globe Trade Centre SA | 114,392 | 256,025 | |||
Grupa Lotos SA | 71,525 | 1,456,851 | |||
KGHM Polska Miedz SA (a) | 72,059 | 1,741,802 | |||
LPP SA | 73 | 170,811 | |||
mBank SA | 10,961 | 1,330,985 | |||
Orange Polska SA (a) | 441,312 | 531,571 | |||
Orbis SA | 24,885 | 573,838 | |||
PGE Polska Grupa Energetyczna SA (a) | 251,124 | 648,572 | |||
Polimex-Mostostal SA (a) | 6,392 | 5,410 | |||
Polski Koncern Naftowy ORLEN SA | 95,351 | 2,612,640 | |||
Powszechna Kasa Oszczednosci Bank Polski SA | 199,604 | 2,323,055 | |||
Powszechny Zaklad Ubezpieczen SA | 128,355 | 1,382,408 | |||
Santander Bank Polska SA | 10,076 | 1,026,707 | |||
17,561,578 | |||||
QATAR — 0.7% | |||||
Aamal Co. | 16,958 | 43,775 | |||
Industries Qatar QSC | 22,354 | 765,493 | |||
Mannai Corp. QSC | 12,374 | 196,713 | |||
Masraf Al Rayan QSC | 135,685 | 1,397,278 | |||
Mazaya Qatar Real Estate Development QSC (a) | 75,336 | 138,611 | |||
Medicare Group | 9,943 | 178,846 | |||
National Leasing | 110,705 | 267,832 |
Security Description | Shares | Value | |||
Ooredoo QSC | 34,778 | $ 658,886 | |||
Qatar Electricity & Water Co. QSC | 3,214 | 169,018 | |||
Qatar Insurance Co. SAQ | 38,019 | 396,738 | |||
Qatar Islamic Bank SAQ | 14,538 | 558,923 | |||
Qatar National Bank QPSC | 97,555 | 4,741,792 | |||
Qatar Navigation QSC | 5,990 | 107,743 | |||
Qatari Investors Group QSC | 35,335 | 291,103 | |||
Vodafone Qatar QSC (a) | 135,101 | 317,579 | |||
10,230,330 | |||||
RUSSIA — 4.3% | |||||
Evraz PLC | 83,174 | 614,552 | |||
Gazprom PJSC ADR | 1,892,123 | 9,460,615 | |||
LSR Group PJSC, GDR | 50,294 | 98,777 | |||
LUKOIL PJSC ADR | 137,559 | 10,550,775 | |||
Magnit PJSC GDR | 58,959 | 837,513 | |||
Mail.Ru Group, Ltd. GDR (a) | 14,796 | 399,788 | |||
Mechel PJSC ADR (a)(b) | 63,286 | 199,984 | |||
MMC Norilsk Nickel PJSC ADR | 251,706 | 4,354,514 | |||
Mobile TeleSystems PJSC ADR | 265,811 | 2,267,368 | |||
Novatek PJSC, GDR | 28,336 | 5,213,824 | |||
Novolipetsk Steel PJSC, GDR | 13,548 | 365,118 | |||
Novorossiysk Commercial Sea Port PJSC, GDR (a) | 21,149 | 169,192 | |||
Polymetal International PLC | 45,833 | 367,218 | |||
Rosneft Oil Co. PJSC GDR | 486,439 | 3,652,184 | |||
Rostelecom PJSC ADR | 38,101 | 242,703 | |||
Sberbank of Russia PJSC ADR (g) | 324,403 | 4,113,430 | |||
Sberbank of Russia PJSC ADR (g) | 342,918 | 4,312,194 | |||
Severstal PJSC GDR | 192,937 | 3,212,401 | |||
Sistema PJSC FC GDR | 55,689 | 146,351 | |||
Surgutneftegas PJSC ADR | 744,688 | 3,083,008 | |||
Tatneft PJSC ADR (b) | 86,178 | 6,592,617 | |||
Tatneft PJSC ADR (b)(g) | 12,997 | 991,671 | |||
TMK PJSC, GDR | 19,052 | 78,875 | |||
VTB Bank PJSC GDR | 848,179 | 1,135,712 | |||
X5 Retail Group NV GDR | 15,480 | 349,848 | |||
Yandex NV Class A (a) | 42,570 | 1,400,127 | |||
64,210,359 | |||||
SINGAPORE — 0.0% (f) | |||||
Grindrod Shipping Holdings, Ltd. (a) | 11,371 | 80,273 | |||
SOUTH AFRICA — 6.6% | |||||
Absa Group, Ltd. | 149,397 | 1,603,421 | |||
Adbee Rf, Ltd. (a) | 6,713 | 26,091 | |||
Adcock Ingram Holdings, Ltd. | 37,387 | 166,073 | |||
Adcorp Holdings, Ltd. (a) | 216,015 | 261,027 | |||
African Phoenix Investments, Ltd. (a) | 965,843 | 35,491 | |||
African Rainbow Minerals, Ltd. | 46,088 | 418,794 | |||
Alexander Forbes Group Holdings, Ltd. | 362,394 | 126,763 | |||
Allied Electronics Corp., Ltd. (a) | 48,628 | 56,184 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Anglo American Platinum, Ltd. | 12,654 | $ 413,119 | |||
AngloGold Ashanti, Ltd. | 110,930 | 959,479 | |||
ArcelorMittal South Africa, Ltd. (a) | 66,475 | 15,314 | |||
Ascendis Health, Ltd. (a) | 161,129 | 116,709 | |||
Aspen Pharmacare Holdings, Ltd. | 110,478 | 1,322,340 | |||
Astral Foods, Ltd. | 11,685 | 203,607 | |||
Aveng, Ltd. (a) | 248,504 | 702 | |||
Barloworld, Ltd. | 106,327 | 925,452 | |||
Bid Corp., Ltd. (b) | 42,674 | 889,350 | |||
Bidvest Group, Ltd. (b) | 155,841 | 2,037,317 | |||
Blue Label Telecoms, Ltd. | 812,517 | 300,863 | |||
Clicks Group, Ltd. | 37,445 | 463,060 | |||
Coronation Fund Managers, Ltd. | 224,583 | 855,244 | |||
Curro Holdings, Ltd. (a) | 98,153 | 204,612 | |||
Discovery, Ltd. | 153,141 | 1,839,694 | |||
EOH Holdings, Ltd. | 75,929 | 202,334 | |||
FirstRand, Ltd. | 1,178,827 | 5,653,705 | |||
Foschini Group, Ltd. | 102,158 | 1,251,560 | |||
Gold Fields, Ltd. | 247,234 | 594,532 | |||
Grindrod, Ltd. (a) | 418,281 | 230,551 | |||
Group Five, Ltd. (a) | 118,845 | 7,558 | |||
Growthpoint Properties, Ltd. REIT | 341,552 | 560,675 | |||
Harmony Gold Mining Co., Ltd. | 100,116 | 165,194 | |||
Impala Platinum Holdings, Ltd. (a)(b) | 177,729 | 345,379 | |||
Imperial Holdings, Ltd. | 82,100 | 1,015,281 | |||
Investec, Ltd. | 90,645 | 637,534 | |||
Invicta Holdings, Ltd. | 169,587 | 422,192 | |||
Kumba Iron Ore, Ltd. | 17,713 | 401,743 | |||
Lewis Group, Ltd. | 107,391 | 243,676 | |||
Life Healthcare Group Holdings, Ltd. | 99,111 | 172,011 | |||
Massmart Holdings, Ltd. | 69,933 | 510,688 | |||
Mediclinic International PLC | 54,499 | 306,169 | |||
MMI Holdings, Ltd. (a) | 397,655 | 487,822 | |||
Mr. Price Group, Ltd. | 72,901 | 1,175,895 | |||
MTN Group, Ltd. | 450,312 | 2,786,915 | |||
Murray & Roberts Holdings, Ltd. | 305,957 | 358,684 | |||
Naspers, Ltd. Class N | 126,817 | 27,347,395 | |||
Nedbank Group, Ltd. | 120,831 | 2,259,554 | |||
Netcare, Ltd. | 935,446 | 1,600,364 | |||
Northam Platinum, Ltd. (a) | 125,082 | 354,795 | |||
Old Mutual, Ltd. | 774,517 | 1,638,032 | |||
PPC, Ltd. (a) | 613,464 | 279,611 | |||
PSG Group, Ltd. | 101,648 | 1,644,900 | |||
Rand Merchant Investment Holdings, Ltd. | 500,595 | 1,365,814 | |||
Remgro, Ltd. | 211,088 | 2,942,292 | |||
RMB Holdings, Ltd. | 402,195 | 2,249,535 | |||
Sanlam, Ltd. | 633,268 | 3,540,170 | |||
Sappi, Ltd. | 126,271 | 791,912 | |||
Sasol, Ltd. | 148,642 | 5,751,149 | |||
Shoprite Holdings, Ltd. | 211,996 | 2,871,056 | |||
Sibanye Gold, Ltd. (a)(b) | 390,858 | 236,704 |
Security Description | Shares | Value | |||
Standard Bank Group, Ltd. | 407,450 | $ 5,038,689 | |||
Steinhoff International Holdings NV (a)(b) | 909,865 | 147,880 | |||
Sun International, Ltd. (a) | 73,928 | 316,269 | |||
Telkom SA SOC, Ltd. | 119,684 | 436,914 | |||
Tiger Brands, Ltd. | 87,386 | 1,636,536 | |||
Trans Hex Group, Ltd. (a) | 9,090 | 835 | |||
Truworths International, Ltd. | 177,106 | 1,045,021 | |||
Vodacom Group, Ltd. | 156,628 | 1,393,811 | |||
Wilson Bayly Holmes-Ovcon, Ltd. | 102,965 | 1,117,454 | |||
Woolworths Holdings, Ltd. | 364,657 | 1,278,119 | |||
98,055,615 | |||||
TAIWAN — 14.8% | |||||
Accton Technology Corp. | 102,000 | 283,955 | |||
Acer, Inc. (a) | 1,252,701 | 1,035,951 | |||
Adlink Technology, Inc. | 350,665 | 555,289 | |||
Advanced Ceramic X Corp. | 4,000 | 27,118 | |||
Advanced Wireless Semiconductor Co. | 13,000 | 20,586 | |||
Advancetek Enterprise Co., Ltd. | 1,291,996 | 713,003 | |||
Advantech Co., Ltd. | 5,499 | 40,973 | |||
AGV Products Corp. (a) | 2,141,415 | 531,619 | |||
Airmate Cayman International Co., Ltd. | 11,000 | 6,341 | |||
Airtac International Group | 30,000 | 293,780 | |||
Alchip Technologies, Ltd. | 34,000 | 98,660 | |||
APCB, Inc. | 424,000 | 383,965 | |||
ASE Technology Holding Co., Ltd. | 1,298,058 | 3,167,239 | |||
ASMedia Technology, Inc. | 5,000 | 87,938 | |||
Asustek Computer, Inc. | 351,340 | 3,037,820 | |||
AU Optronics Corp. ADR (b) | 455,957 | 1,919,579 | |||
Audix Corp. | 265,629 | 321,890 | |||
Bank of Kaohsiung Co., Ltd. | 822,745 | 254,910 | |||
Basso Industry Corp. | 667,315 | 1,175,828 | |||
Biostar Microtech International Corp. | 589,952 | 246,353 | |||
Bizlink Holding, Inc. | 29,000 | 137,720 | |||
C Sun Manufacturing, Ltd. | 422,000 | 355,203 | |||
Career Technology MFG. Co., Ltd. | 98,000 | 125,497 | |||
Carnival Industrial Corp. (a) | 821,000 | 136,865 | |||
Catcher Technology Co., Ltd. | 353,000 | 3,884,584 | |||
Cathay Financial Holding Co., Ltd. | 2,140,541 | 3,680,556 | |||
Cathay No. 1 REIT | 480,000 | 235,653 | |||
Center Laboratories, Inc. (a) | 387,825 | 914,532 | |||
Chailease Holding Co., Ltd. | 357,620 | 1,253,245 | |||
Champion Building Materials Co., Ltd. (a) | 480,000 | 122,936 | |||
Chang Hwa Commercial Bank, Ltd. | 3,900,483 | 2,414,408 | |||
Chang Wah Electromaterials, Inc. | 7,431 | 33,586 | |||
Charoen Pokphand Enterprise | 1,751,060 | 2,953,512 | |||
Chen Full International Co., Ltd. | 12,000 | 14,836 | |||
Cheng Loong Corp. | 355,000 | 286,018 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Cheng Shin Rubber Industry Co., Ltd. | 68,850 | $ 108,237 | |||
Chieftek Precision Co., Ltd. | 31,000 | 109,652 | |||
Chilisin Electronics Corp. | 93,000 | 285,095 | |||
China Airlines, Ltd. | 861,000 | 260,841 | |||
China Chemical & Pharmaceutical Co., Ltd. | 776,000 | 566,757 | |||
China Development Financial Holding Corp. | 5,308,945 | 1,982,182 | |||
China Steel Chemical Corp. | 356,595 | 1,699,295 | |||
China Steel Corp. | 3,399,451 | 2,839,092 | |||
Chipbond Technology Corp. | 66,000 | 127,534 | |||
Chong Hong Construction Co., Ltd. | 7,717 | 19,638 | |||
Chroma ATE, Inc. | 45,000 | 215,914 | |||
Chung Hwa Pulp Corp. | 848,794 | 280,772 | |||
Chunghwa Chemical Synthesis & Biotech Co., Ltd. | 353,000 | 283,251 | |||
Chunghwa Telecom Co., Ltd. | 1,201,457 | 4,328,440 | |||
CMC Magnetics Corp. (a) | 866,933 | 193,642 | |||
Coland Holdings, Ltd. | 11,938 | 11,847 | |||
Compal Electronics, Inc. | 2,135,774 | 1,325,547 | |||
Concraft Holding Co., Ltd. | 13,000 | 97,927 | |||
Coxon Precise Industrial Co., Ltd. (a) | 10,000 | 7,058 | |||
CTBC Financial Holding Co., Ltd. | 5,955,527 | 4,486,199 | |||
Da-Li Development Co., Ltd. | 494,444 | 459,093 | |||
Darfon Electronics Corp. | 76,000 | 111,263 | |||
Delta Electronics, Inc. | 852,167 | 3,656,171 | |||
Dimerco Express Corp. | 896,330 | 578,315 | |||
E Ink Holdings, Inc. | 108,000 | 110,713 | |||
E.Sun Financial Holding Co., Ltd. | 865,657 | 639,327 | |||
Eclat Textile Co., Ltd. | 8,854 | 109,613 | |||
Egis Technology, Inc. | 29,000 | 104,952 | |||
Elan Microelectronics Corp. | 2,000 | 3,334 | |||
Elite Advanced Laser Corp. | 12,672 | 28,097 | |||
Elite Material Co., Ltd. | 13,000 | 36,616 | |||
Elite Semiconductor Memory Technology, Inc. | 780,750 | 847,669 | |||
Episil Holdings, Inc. (a) | 144,000 | 111,774 | |||
Episil-Precision, Inc. | 66,998 | 110,153 | |||
Epistar Corp. | 349,180 | 396,834 | |||
Etron Technology, Inc. (a) | 12,445 | 4,647 | |||
Eva Airways Corp. | 517,955 | 251,912 | |||
Excelliance Mos Corp. | 35,000 | 132,971 | |||
Excelsior Medical Co., Ltd. | 72,344 | 111,597 | |||
Far Eastern New Century Corp. | 2,480,850 | 2,900,676 | |||
Feng TAY Enterprise Co., Ltd. | 15,747 | 96,959 | |||
Flytech Technology Co., Ltd. | 8,854 | 21,807 | |||
Formosa Chemicals & Fibre Corp. | 1,211,243 | 5,077,755 | |||
Formosa Petrochemical Corp. | 59,000 | 285,986 | |||
Formosa Plastics Corp. | 1,717,714 | 6,582,142 | |||
Founding Construction & Development Co., Ltd. | 1,302,809 | 699,770 | |||
Foxconn Technology Co., Ltd. | 491,223 | 1,198,576 |
Security Description | Shares | Value | |||
Fubon Financial Holding Co., Ltd. | 2,900,903 | $ 4,921,455 | |||
Fullerton Technology Co., Ltd. | 346,000 | 206,809 | |||
Fwusow Industry Co., Ltd. | 635,725 | 388,310 | |||
General Interface Solution Holding, Ltd. | 38,000 | 160,548 | |||
Genius Electronic Optical Co., Ltd. | 21,000 | 218,026 | |||
Giant Manufacturing Co., Ltd. | 72,302 | 310,207 | |||
Global Unichip Corp. | 23,000 | 204,140 | |||
Globalwafers Co., Ltd. | 69,000 | 760,440 | |||
Grape King Bio, Ltd. | 73,664 | 517,503 | |||
Great Wall Enterprise Co., Ltd. | 372,681 | 460,771 | |||
HannStar Display Corp. | 473,500 | 116,774 | |||
Himax Technologies, Inc. ADR (b) | 22,023 | 129,495 | |||
Hiwin Technologies Corp. | 46,446 | 384,096 | |||
Hocheng Corp. | 1,271,000 | 367,983 | |||
Holy Stone Enterprise Co., Ltd. | 57,000 | 255,756 | |||
Hon Hai Precision Industry Co., Ltd. | 4,594,495 | 11,917,728 | |||
Hong TAI Electric Industrial | 842,000 | 284,040 | |||
Hota Industrial Manufacturing Co., Ltd. | 9,574 | 41,390 | |||
Hotai Motor Co., Ltd. | 72,433 | 620,353 | |||
HTC Corp. (a) | 419,198 | 557,411 | |||
Hua Nan Financial Holdings Co., Ltd. | 3,958,128 | 2,398,237 | |||
Hung Sheng Construction, Ltd. | 514,800 | 510,872 | |||
Ibase Technology, Inc. | 789,222 | 1,040,389 | |||
Innolux Corp. | 1,698,820 | 589,771 | |||
Iron Force Industrial Co., Ltd. | 6,000 | 14,915 | |||
Janfusun Fancyworld Corp. (a) | 800,112 | 53,458 | |||
KEE TAI Properties Co., Ltd. | 412,000 | 194,308 | |||
Kenda Rubber Industrial Co., Ltd. | 4,766 | 4,761 | |||
Kerry TJ Logistics Co., Ltd. | 418,000 | 544,866 | |||
Kindom Construction Corp. | 361,000 | 257,156 | |||
Kung Long Batteries Industrial Co., Ltd. | 9,000 | 42,299 | |||
Kuoyang Construction Co., Ltd. | 412,036 | 165,986 | |||
Kwong Fong Industries Corp. | 55,776 | 28,223 | |||
Land Mark Optoelectronics Corp. | 14,600 | 136,518 | |||
Largan Precision Co., Ltd. | 28,000 | 3,333,442 | |||
Laser Tek Taiwan Co., Ltd. | 89,000 | 109,308 | |||
Leatec Fine Ceramics Co., Ltd. | 139,000 | 100,154 | |||
Leofoo Development Co., Ltd. (a) | 859,645 | 176,811 | |||
Li Cheng Enterprise Co., Ltd. | 9,778 | 15,244 | |||
Lite-On Technology Corp. | 1,212,265 | 1,524,612 | |||
Long Bon International Co., Ltd. | 11,275 | 5,853 | |||
Long Chen Paper Co., Ltd. | 1,714,165 | 1,187,390 | |||
Machvision, Inc. | 15,000 | 181,771 | |||
Macroblock, Inc. | 30,000 | 102,185 | |||
Macronix International | 360,221 | 300,253 | |||
Makalot Industrial Co., Ltd. | 4,139 | 20,537 | |||
MediaTek, Inc. | 418,329 | 3,377,267 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Medigen Biotechnology Corp. (a) | 5,248 | $ 8,474 | |||
Mega Financial Holding Co., Ltd. | 2,547,333 | 2,294,293 | |||
Merida Industry Co., Ltd. | 2,100 | 9,835 | |||
Merry Electronics Co., Ltd. | 13,356 | 60,584 | |||
Micro-Star International Co., Ltd. | 120,000 | 324,239 | |||
Mosel Vitelic, Inc. (a) | 759 | 845 | |||
Namchow Holdings Co., Ltd. | 417,000 | 699,257 | |||
Nan Ya Plastics Corp. | 1,709,486 | 4,747,795 | |||
Nanya Technology Corp. | 59,982 | 114,137 | |||
National Petroleum Co., Ltd. | 1,589,882 | 2,090,648 | |||
Neo Solar Power Corp. (a) | 63,938 | 21,988 | |||
New Era Electronics Co., Ltd. | 70,000 | 39,318 | |||
Newmax Technology Co., Ltd. (a) | 67,185 | 153,368 | |||
Nexcom International Co., Ltd. | 435,638 | 350,987 | |||
Novatek Microelectronics Corp. | 337,225 | 1,667,736 | |||
OBI Pharma, Inc. (a) | 3,000 | 14,296 | |||
On-Bright Electronics, Inc. | 19,000 | 114,499 | |||
Pacific Hospital Supply Co., Ltd. | 68,000 | 156,342 | |||
Pan Jit International, Inc. (a) | 111,000 | 117,606 | |||
Parade Technologies, Ltd. | 4,000 | 60,918 | |||
PChome Online, Inc. (a) | 3,519 | 15,962 | |||
Pegatron Corp. | 419,686 | 839,839 | |||
Phytohealth Corp. (a) | 9,000 | 6,500 | |||
Pihsiang Machinery Manufacturing Co., Ltd. (d) | 51,000 | — | |||
Pou Chen Corp. | 1,516,462 | 1,601,739 | |||
Powertech Technology, Inc. | 431,285 | 1,176,630 | |||
President Chain Store Corp. | 22,000 | 258,311 | |||
Promate Electronic Co., Ltd. | 421,000 | 393,658 | |||
ProMOS Technologies, Inc. (a)(d) | 257 | — | |||
Prosperity Dielectrics Co., Ltd. | 52,000 | 130,285 | |||
Quanta Computer, Inc. | 1,628,664 | 2,837,747 | |||
Radiant Opto-Electronics Corp. | 14,000 | 31,638 | |||
Ritek Corp. (a) | 387,000 | 173,645 | |||
Sampo Corp. | 1,472,000 | 650,837 | |||
Sesoda Corp. | 503,574 | 447,779 | |||
Shih Wei Navigation Co., Ltd. (a) | 850,321 | 223,351 | |||
Shin Kong Financial Holding Co., Ltd. | 2,082,223 | 814,940 | |||
Silicon Motion Technology Corp. ADR | 6,013 | 322,898 | |||
Sinbon Electronics Co., Ltd. | 439,068 | 1,225,186 | |||
Sino-American Silicon Products, Inc. (a) | 160,000 | 410,834 | |||
Sinon Corp. | 843,000 | 474,883 | |||
SinoPac Financial Holdings Co., Ltd. | 5,572,165 | 2,034,836 | |||
Sinphar Pharmaceutical Co., Ltd. | 484,524 | 326,899 | |||
Solar Applied Materials Technology Co. (a) | 662,418 | 466,446 | |||
Solartech Energy Corp. (a)(e) | 10,041 | 4,040 |
Security Description | Shares | Value | |||
Stark Technology, Inc. | 276,747 | $ 346,240 | |||
Supreme Electronics Co., Ltd. | 1,202,818 | 1,181,821 | |||
Ta Ya Electric Wire & Cable | 2,552,000 | 1,082,383 | |||
TA-I Technology Co., Ltd. | 80,000 | 175,024 | |||
TaiMed Biologics, Inc. (a) | 23,000 | 141,994 | |||
Taimide Tech, Inc. | 59,000 | 111,109 | |||
Tainan Enterprises Co., Ltd. | 356,000 | 233,190 | |||
Taishin Financial Holding Co., Ltd. | 5,262,016 | 2,541,995 | |||
Taisun Enterprise Co., Ltd. | 923,000 | 563,782 | |||
Taiwan Cement Corp. | 2,258,886 | 3,040,652 | |||
Taiwan Chinsan Electronic Industrial Co., Ltd. | 77,654 | 113,558 | |||
Taiwan Cogeneration Corp. | 358,000 | 314,230 | |||
Taiwan Fire & Marine Insurance Co., Ltd. | 69,000 | 47,005 | |||
Taiwan FU Hsing Industrial Co., Ltd. | 350,000 | 397,193 | |||
Taiwan Land Development Corp. (a) | 1,302,750 | 386,136 | |||
Taiwan Mobile Co., Ltd. | 4,000 | 14,345 | |||
Taiwan Paiho, Ltd. | 360,433 | 715,365 | |||
Taiwan Pulp & Paper Corp. | 2,100,000 | 1,234,566 | |||
Taiwan Sakura Corp. | 446,200 | 553,859 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 151,421 | 6,686,751 | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 4,635,500 | 39,852,578 | |||
Taiwan TEA Corp. | 780,913 | 397,707 | |||
Taiwan Union Technology Corp. | 369,472 | 1,228,225 | |||
Taiyen Biotech Co., Ltd. | 411,500 | 418,468 | |||
Tatung Co., Ltd. (a) | 1,189,885 | 1,570,509 | |||
TCI Co., Ltd. | 18,000 | 289,457 | |||
Teapo Electronic Corp. | 69,000 | 102,936 | |||
TPK Holding Co., Ltd. | 8,000 | 13,729 | |||
Transasia Airways Corp. (d) | 361,784 | — | |||
Tripod Technology Corp. | 431,320 | 1,176,725 | |||
TrueLight Corp. (a) | 9,100 | 8,554 | |||
Tul Corp. | 48,000 | 110,202 | |||
Tung Thih Electronic Co., Ltd. | 5,000 | 13,117 | |||
Uni-President Enterprises Corp. | 843,993 | 2,203,067 | |||
United Microelectronics Corp. ADR | 1,429,678 | 3,688,569 | |||
Unity Opto Technology Co., Ltd. (a) | 12,759 | 4,325 | |||
Ve Wong Corp. | 419,000 | 348,561 | |||
Visual Photonics Epitaxy Co., Ltd. | 414,151 | 1,032,224 | |||
Wafer Works Corp. | 177,000 | 252,170 | |||
Walsin Lihwa Corp. | 179,000 | 120,475 | |||
Walsin Technology Corp. | 100,000 | 697,606 | |||
Wei Chuan Foods Corp. (a) | 345,000 | 252,538 | |||
Wei Mon Industry Co., Ltd. (a)(d) | 240,450 | — | |||
Weikeng Industrial Co., Ltd. | 447,165 | 302,425 | |||
Win Semiconductors Corp. | 106,000 | 466,937 | |||
Winbond Electronics Corp. | 371,670 | 176,505 | |||
Wistron Corp. | 1,246,476 | 812,396 | |||
Wiwynn Corp. | 21,733 | 204,290 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Yageo Corp. | 89,858 | $ 1,350,828 | |||
Young Optics, Inc. (a) | 43,000 | 126,466 | |||
Yulon Finance Corp | 9,000 | 30,066 | |||
Zeng Hsing Industrial Co., Ltd. | 70,350 | 327,177 | |||
Zenitron Corp. | 860,000 | 635,149 | |||
219,900,638 | |||||
THAILAND — 3.3% | |||||
Advanced Info Service PCL (e) | 643,642 | 4,000,372 | |||
Airports of Thailand PCL (e) | 1,134,400 | 2,297,563 | |||
Bangkok Dusit Medical Services PCL (e) | 332,300 | 262,018 | |||
Bangkok Expressway & Metro PCL (e) | 14,678,756 | 3,948,830 | |||
Bangkok Land PCL (e) | 4,523,800 | 250,390 | |||
Bank of Ayudhya PCL | 147,200 | 182,066 | |||
Banpu PCL (e) | 1,414,960 | 835,675 | |||
Beauty Community PCL | 624,800 | 233,769 | |||
BEC World PCL (e) | 170,600 | 36,663 | |||
BTS Group Holdings PCL (e) | 212,000 | 60,965 | |||
Bumrungrad Hospital PCL (e) | 43,800 | 251,911 | |||
Central Pattana PCL (e) | 338,400 | 868,497 | |||
Central Plaza Hotel PCL (e) | 252,500 | 325,970 | |||
CH Karnchang PCL (e) | 42,548 | 35,851 | |||
Charoen Pokphand Foods PCL (e) | 127,200 | 99,314 | |||
CP ALL PCL (e) | 1,179,000 | 2,515,492 | |||
Electricity Generating PCL (e) | 428,331 | 3,125,730 | |||
Energy Absolute PCL | 79,200 | 118,163 | |||
IRPC PCL (e) | 5,881,758 | 1,236,733 | |||
Jasmine International PCL (e) | 1,776,741 | 304,914 | |||
Kasikornbank PCL | 378,300 | 2,550,074 | |||
Krung Thai Bank PCL (e) | 293,200 | 183,137 | |||
Land & Houses PCL (e) | 453,700 | 161,334 | |||
Minor International PCL (e) | 49,028 | 62,157 | |||
Pruksa Holding PCL (e) | 170,100 | 111,507 | |||
PTT Exploration & Production PCL (e) | 633,933 | 3,038,331 | |||
PTT Global Chemical PCL (e) | 134,400 | 337,662 | |||
PTT PCL (e) | 3,226,726 | 5,412,798 | |||
Quality Houses PCL (e) | 1,582,683 | 169,328 | |||
Sansiri PCL (e) | 1,648,933 | 84,639 | |||
Siam Cement PCL | 254,523 | 3,699,005 | |||
Siam Commercial Bank PCL (e) | 758,202 | 3,493,262 | |||
Siam Future Development PCL (e) | 1,146,613 | 310,231 | |||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 557,966 | 346,788 | |||
Thai Airways International PCL (a)(e) | 417,400 | 194,890 | |||
Thai Beverage PCL (b) | 2,578,500 | 1,283,258 | |||
Thai Oil PCL (e) | 679,795 | 1,860,292 | |||
Thaicom PCL (e) | 255,400 | 76,604 | |||
Tisco Financial Group PCL (e) | 891,118 | 2,307,704 | |||
TMB Bank PCL (e) | 25,418,500 | 1,807,747 | |||
Total Access Communication PCL (e) | 43,300 | 62,594 | |||
True Corp. PCL (e) | 3,271,110 | 611,942 |
Security Description | Shares | Value | |||
TTCL PCL (a)(e) | 43,100 | $ 14,527 | |||
U City PCL (a)(e) | 53,723,500 | 49,836 | |||
49,220,533 | |||||
TURKEY — 0.8% | |||||
Akbank T.A.S. | 665,360 | 766,449 | |||
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 143,011 | 501,835 | |||
Aselsan Elektronik Sanayi Ve Ticaret A/S | 39,491 | 181,306 | |||
BIM Birlesik Magazalar A/S | 26,068 | 353,009 | |||
Coca-Cola Icecek A/S | 2,975 | 16,719 | |||
Dogan Sirketler Grubu Holding A/S (a) | 949,992 | 170,791 | |||
Eregli Demir ve Celik Fabrikalari TAS | 983,870 | 1,806,483 | |||
Haci Omer Sabanci Holding A/S | 354,922 | 450,794 | |||
KOC Holding A/S | 532,718 | 1,512,854 | |||
Migros Ticaret A/S (a) | 5,528 | 14,889 | |||
Tupras Turkiye Petrol Rafinerileri A/S | 56,734 | 1,267,408 | |||
Turk Hava Yollari AO (a) | 174,725 | 555,241 | |||
Turkcell Iletisim Hizmetleri A/S | 305,935 | 587,700 | |||
Turkiye Garanti Bankasi A/S | 1,320,102 | 1,694,270 | |||
Turkiye Halk Bankasi A/S | 68,111 | 75,852 | |||
Turkiye Is Bankasi A/S Class C | 831,133 | 611,524 | |||
Turkiye Vakiflar Bankasi TAO Class D | 116,143 | 73,275 | |||
Ulker Biskuvi Sanayi A/S (a) | 183,638 | 517,536 | |||
Yapi ve Kredi Bankasi A/S (a) | 1,083,024 | 338,935 | |||
11,496,870 | |||||
UNITED ARAB EMIRATES — 0.7% | |||||
Abu Dhabi Commercial Bank PJSC | 600,014 | 1,295,411 | |||
Agthia Group PJSC | 35,539 | 43,153 | |||
Air Arabia PJSC | 1,386,132 | 362,284 | |||
Ajman Bank PJSC | 583,479 | 155,677 | |||
Al Waha Capital PJSC | 260,862 | 132,808 | |||
Aldar Properties PJSC | 1,162,871 | 579,370 | |||
Arabtec Holding PJSC | 184,122 | 96,747 | |||
Bank of Sharjah (a) | 225,237 | 66,227 | |||
DAMAC Properties Dubai Co. PJSC | 963,759 | 535,269 | |||
Depa, Ltd. | 121,715 | 31,480 | |||
Deyaar Development PJSC (a) | 880,250 | 103,290 | |||
DP World, Ltd. | 47,456 | 906,410 | |||
Dubai Financial Market PJSC | 530,572 | 132,172 | |||
Dubai Investments PJSC | 475,401 | 243,327 | |||
Emaar Malls PJSC | 283,073 | 141,034 | |||
Emaar Properties PJSC | 1,004,156 | 1,353,255 | |||
Eshraq Properties Co. PJSC (a) | 676,393 | 99,625 | |||
First Abu Dhabi Bank PJSC | 500,911 | 1,950,158 | |||
Gulf General Investment Co. (a) | 465,033 | 33,171 | |||
Gulf Pharmaceutical Industries PSC | 85,072 | 46,322 | |||
Invest bank PSC (a)(e) | 59,797 | 38,258 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
National Central Cooling Co. PJSC | 770,472 | $ 331,426 | |||
Orascom Construction, Ltd. | 3,356 | 24,834 | |||
RAK Properties PJSC | 1,048,204 | 171,226 | |||
Ras Al Khaimah Ceramics | 85,423 | 54,188 | |||
SHUAA Capital PSC | 1,440,390 | 392,151 | |||
Union National Bank PJSC | 220,078 | 295,391 | |||
Union Properties PJSC (a) | 416,067 | 77,481 | |||
9,692,145 | |||||
UNITED KINGDOM — 0.0% (f) | |||||
Tiso Blackstar Group SE (a) | 837 | 171 | |||
TOTAL COMMON STOCKS (Cost $1,600,063,927) | 1,471,233,799 |
PREFERRED STOCKS — 0.0% (f) | |||
SOUTH AFRICA — 0.0% (f) | |||
Zambezi Platinum RF, Ltd. Preference Shares (a) (Cost $147,392) | 32,130 | 139,634 | |
WARRANTS — 0.0% (f) | |||
INDONESIA — 0.0% (f) | |||
Medco Energi Internasional Tbk PT (expiring 12/11/20) (a) | 1,696,566 | 40,076 | |
MALAYSIA — 0.0% (f) | |||
Malaysian Resources Corp. Bhd (expiring 10/29/27) (a) | 179,301 | 11,698 | |
SOUTH AFRICA — 0.0% (f) | |||
Adcock Ingram Holdings, Ltd. (expiring 7/26/19) (a) | 335 | 85 | |
THAILAND — 0.0% (f) | |||
BTS Group Holdings PCL (expiring 8/1/19) (a) (e) | 23,056 | — | |
TTCL PCL (expiring 6/28/21) (a) | 9,560 | 470 | |
470 | |||
TOTAL WARRANTS (Cost $0) | 52,329 | ||
RIGHTS — 0.0% (f) | |||
HONG KONG — 0.0% (f) | |||
Munsun Capital Group, Ltd. (expired 9/18/18) (a) (b) (e) (Cost $6,704) | 286,666 | 1,099 |
Security Description | Shares | Value | ||||
SHORT-TERM INVESTMENTS — 2.1% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 6,996,511 | $ 6,996,511 | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 23,721,708 | 23,721,708 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $30,718,219) | 30,718,219 | |||||
TOTAL INVESTMENTS — 101.1% (Cost $1,630,936,242) | 1,502,145,080 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.1)% | (15,896,847) | |||||
NET ASSETS — 100.0% | $ 1,486,248,233 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 1.3% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(d) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of these securities is $5,475, representing less than 0.05% of the Fund's net assets. |
(e) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $41,995,924 representing 2.8% of net assets. |
(f) | Amount is less than 0.05% of net assets. |
(g) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
REIC | = Real Estate Investment Company |
REIT | = Real Estate Investment Trust |
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/ Depreciation | |||||
MSCI Taiwan Index Futures | 13 | 10/30/2018 | $528,824 | $533,843 | $5,019 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Brazil | $ 104,598,716 | $ — | $ — | $ 104,598,716 | ||||
Chile | 20,368,277 | — | — | 20,368,277 | ||||
China | 470,231,869 | 156,023 | 5,475 | 470,393,367 | ||||
Colombia | 7,939,244 | — | — | 7,939,244 | ||||
Czech Republic | 4,344,877 | — | — | 4,344,877 | ||||
Egypt | 5,291,277 | — | — | 5,291,277 | ||||
Greece | 3,765,032 | 15,686 | — | 3,780,718 | ||||
Hong Kong | 18,094,093 | 9,292 | 0(a) | 18,103,385 | ||||
Hungary | 9,033,321 | — | — | 9,033,321 | ||||
India | 188,770,949 | 72,987 | 0(a) | 188,843,936 | ||||
Indonesia | 37,191,797 | 26,868 | 0(a) | 37,218,665 | ||||
Macau | 2,460 | — | — | 2,460 | ||||
Malaysia | 37,220,070 | 119 | — | 37,220,189 | ||||
Mexico | 51,499,469 | 864,142 | — | 52,363,611 | ||||
Monaco | 143,010 | — | — | 143,010 | ||||
Netherlands | 474,936 | — | — | 474,936 | ||||
Peru | 12,270,044 | — | — | 12,270,044 | ||||
Philippines | 18,395,254 | — | — | 18,395,254 | ||||
Poland | 17,561,578 | — | — | 17,561,578 | ||||
Qatar | 10,230,330 | — | — | 10,230,330 | ||||
Russia | 64,210,359 | — | — | 64,210,359 | ||||
Singapore | 80,273 | — | — | 80,273 | ||||
South Africa | 98,055,615 | — | — | 98,055,615 | ||||
Taiwan | 219,896,598 | 4,040 | 0(a) | 219,900,638 | ||||
Thailand | 8,413,123 | 40,807,410 | — | 49,220,533 | ||||
Turkey | 11,496,870 | — | — | 11,496,870 | ||||
United Arab Emirates | 9,653,887 | 38,258 | — | 9,692,145 | ||||
United Kingdom | 171 | — | — | 171 | ||||
Preferred Stocks | ||||||||
South Africa | 139,634 | — | — | 139,634 | ||||
Warrants | ||||||||
Indonesia | 40,076 | — | — | 40,076 | ||||
Malaysia | 11,698 | — | — | 11,698 | ||||
South Africa | 85 | — | — | 85 | ||||
Thailand | 470 | — | — | 470 | ||||
Rights | ||||||||
Hong Kong | — | 1,099 | — | 1,099 | ||||
Short-Term Investments | 30,718,219 | — | — | 30,718,219 | ||||
TOTAL INVESTMENTS | $1,460,143,681 | $41,995,924 | $5,475 | $1,502,145,080 | ||||
OTHER FINANCIAL INSTRUMENTS: | ||||||||
Futures Contracts(b) | 5,019 | — | — | 5,019 | ||||
TOTAL INVESTMENTS AND OTHER FINANCIAL INSTRUMENTS | $1,460,148,700 | $41,995,924 | $5,475 | $1,502,150,099 |
Table of Contents
SCHEDULE OF INVESTMENTS
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
(b) | Futures Contracts are valued at unrealized appreciation (depreciation). |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | — | $ — | $163,658,325 | $156,661,814 | $— | $— | 6,996,511 | $ 6,996,511 | $ 64,763 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 8,647,800 | 8,647,800 | 211,830,114 | 196,756,206 | — | — | 23,721,708 | 23,721,708 | 379,768 | — | |||||||||
Total | $8,647,800 | $375,488,439 | $353,418,020 | $— | $— | $30,718,219 | $444,531 | $— |
93 | ARSPEM |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.4% | |||||
AUSTRALIA — 5.8% | |||||
88 Energy, Ltd. (a) | 5,148,583 | $ 78,230 | |||
Abacus Property Group REIT | 49,866 | 123,035 | |||
AGL Energy, Ltd. | 113,660 | 1,603,655 | |||
Alumina, Ltd. | 1,119,270 | 2,243,279 | |||
Amcor, Ltd. | 310,550 | 3,073,876 | |||
AMP, Ltd. | 629,336 | 1,452,586 | |||
Ansell, Ltd. | 99,164 | 1,811,691 | |||
APA Group | 460,028 | 3,321,877 | |||
Aristocrat Leisure, Ltd. | 201,227 | 4,140,803 | |||
ASX, Ltd. | 34,570 | 1,592,336 | |||
Atlassian Corp. PLC Class A (a) | 19,557 | 1,880,210 | |||
Aurizon Holdings, Ltd. | 371,994 | 1,106,233 | |||
Australia & New Zealand Banking Group, Ltd. | 466,278 | 9,507,244 | |||
Bendigo & Adelaide Bank, Ltd. | 97,499 | 758,363 | |||
BHP Billiton PLC | 318,434 | 6,939,720 | |||
BHP Billiton, Ltd. | 532,429 | 13,340,831 | |||
BlueScope Steel, Ltd. | 143,118 | 1,758,331 | |||
Boral, Ltd. | 115,814 | 579,039 | |||
Brambles, Ltd. | 452,691 | 3,570,237 | |||
BWP Trust REIT | 690,269 | 1,668,144 | |||
Caltex Australia, Ltd. | 45,638 | 987,339 | |||
carsales.com, Ltd. | 61,367 | 642,055 | |||
Challenger, Ltd. | 112,476 | 911,479 | |||
CIMIC Group, Ltd. | 20,091 | 746,613 | |||
Coca-Cola Amatil, Ltd. | 106,829 | 754,410 | |||
Cochlear, Ltd. | 9,332 | 1,354,756 | |||
Commonwealth Bank of Australia | 285,335 | 14,742,895 | |||
Computershare, Ltd. | 81,887 | 1,182,025 | |||
CSL, Ltd. | 86,164 | 12,537,999 | |||
CSR, Ltd. | 399,086 | 1,088,621 | |||
Dexus REIT | 185,431 | 1,416,821 | |||
Domain Holdings Australia, Ltd. | 27,330 | 69,211 | |||
Eden Innovations, Ltd. (a) | 8,302 | 258 | |||
Fairfax Media, Ltd. | 273,729 | 163,397 | |||
Fortescue Metals Group, Ltd. | 289,738 | 821,789 | |||
Goodman Group REIT | 267,592 | 2,005,864 | |||
GPT Group REIT | 298,067 | 1,123,622 | |||
GWA Group, Ltd. | 370,841 | 837,165 | |||
Harvey Norman Holdings, Ltd. (b) | 98,940 | 251,990 | |||
Healthscope, Ltd. | 350,142 | 532,025 | |||
Iluka Resources, Ltd. | 91,499 | 658,731 | |||
Incitec Pivot, Ltd. | 283,170 | 815,453 | |||
Infigen Energy (a)(b) | 265,352 | 113,277 | |||
Ingenia Communities Group REIT | 247,757 | 537,794 | |||
Insurance Australia Group, Ltd. | 719,554 | 3,811,037 | |||
LendLease Group | 95,415 | 1,357,278 | |||
Macquarie Group, Ltd. | 76,112 | 6,941,131 | |||
Medibank Pvt, Ltd. | 465,405 | 979,925 | |||
Mirvac Group REIT | 304,600 | 531,148 | |||
National Australia Bank, Ltd. | 414,825 | 8,347,081 | |||
Newcrest Mining, Ltd. | 147,193 | 2,067,195 | |||
Northern Star Resources, Ltd. | 123,289 | 740,408 |
Security Description | Shares | Value | |||
Oil Search, Ltd. | 197,629 | $ 1,291,240 | |||
OneMarket, Ltd. | 1,988 | 1,554 | |||
Orica, Ltd. | 51,636 | 636,262 | |||
Origin Energy, Ltd. (a) | 380,472 | 2,273,900 | |||
Orora, Ltd. | 318,724 | 765,635 | |||
OZ Minerals, Ltd. | 81,015 | 546,910 | |||
Perpetual, Ltd. | 51,206 | 1,577,223 | |||
Qantas Airways, Ltd. | 171,077 | 730,319 | |||
QBE Insurance Group, Ltd. | 228,379 | 1,837,510 | |||
Ramsay Health Care, Ltd. | 21,824 | 867,387 | |||
REA Group, Ltd. | 8,798 | 547,013 | |||
Resapp Health, Ltd. (a) | 16,121 | 2,450 | |||
Santos, Ltd. | 424,107 | 2,227,823 | |||
Scentre Group REIT | 883,445 | 2,537,691 | |||
SEEK, Ltd. | 59,897 | 899,707 | |||
Sonic Healthcare, Ltd. | 103,459 | 1,864,707 | |||
South32, Ltd. (c) | 308,468 | 862,440 | |||
South32, Ltd. (c) | 534,624 | 1,516,363 | |||
Stockland REIT | 420,778 | 1,263,484 | |||
Suncorp Group, Ltd. | 217,454 | 2,275,120 | |||
Sydney Airport | 187,678 | 935,624 | |||
Tabcorp Holdings, Ltd. | 521,006 | 1,835,864 | |||
Telstra Corp., Ltd. | 732,946 | 1,691,731 | |||
TPG Telecom, Ltd. (b) | 39,746 | 245,595 | |||
Transurban Group Stapled Security | 364,996 | 2,963,123 | |||
Treasury Wine Estates, Ltd. | 211,651 | 2,678,421 | |||
Vicinity Centres REIT | 552,092 | 1,046,602 | |||
Wesfarmers, Ltd. | 199,844 | 7,208,169 | |||
Westpac Banking Corp. | 539,940 | 10,911,517 | |||
Woodside Petroleum, Ltd. | 172,447 | 4,813,784 | |||
Woolworths Group, Ltd. | 276,774 | 5,623,298 | |||
WorleyParsons, Ltd. | 91,014 | 1,345,381 | |||
195,444,359 | |||||
AUSTRIA — 0.3% | |||||
ams AG (a)(b) | 10,329 | 580,107 | |||
ANDRITZ AG | 6,013 | 350,951 | |||
Erste Group Bank AG (a) | 59,656 | 2,479,211 | |||
OMV AG | 59,187 | 3,326,603 | |||
Raiffeisen Bank International AG | 22,357 | 643,998 | |||
Voestalpine AG | 52,731 | 2,413,133 | |||
9,794,003 | |||||
BELGIUM — 1.1% | |||||
Ackermans & van Haaren NV | 3,798 | 661,265 | |||
Aedifica SA REIT | 12,076 | 1,089,841 | |||
Ageas | 78,022 | 4,196,729 | |||
Anheuser-Busch InBev SA | 163,975 | 14,326,167 | |||
Bekaert SA | 16,452 | 409,314 | |||
Celyad SA (a)(b) | 4,229 | 111,895 | |||
Colruyt SA (b) | 10,462 | 592,391 | |||
Galapagos NV (a) | 7,178 | 812,214 | |||
Gimv NV | 3,240 | 177,061 | |||
Groupe Bruxelles Lambert SA | 13,640 | 1,430,610 | |||
KBC Group NV | 57,101 | 4,251,290 | |||
Proximus SADP | 24,013 | 573,999 | |||
Solvay SA | 12,537 | 1,681,879 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
UCB SA | 39,417 | $ 3,543,591 | |||
Umicore SA | 33,290 | 1,862,557 | |||
35,720,803 | |||||
BERMUDA — 0.0% (d) | |||||
China Eco-Farming, Ltd. (a) | 7,760,000 | 58,511 | |||
CANADA — 8.2% | |||||
AGF Management, Ltd. Class B | 112,000 | 529,414 | |||
Agnico Eagle Mines, Ltd. (b) | 38,452 | 1,312,473 | |||
Aimia, Inc. (a)(b) | 71,995 | 252,311 | |||
Air Canada (a) | 44,421 | 948,491 | |||
Alamos Gold, Inc. Class A (b) | 64,579 | 296,266 | |||
Algonquin Power & Utilities Corp. (b) | 44,950 | 464,592 | |||
Alimentation Couche-Tard, Inc. Class B | 70,865 | 3,542,154 | |||
AltaGas, Ltd. (b) | 24,550 | 390,301 | |||
Aphria, Inc. (a)(b) | 15,535 | 216,331 | |||
ARC Resources, Ltd. | 62,729 | 698,822 | |||
Atco, Ltd. Class I | 12,537 | 366,139 | |||
Athabasca Oil Corp. (a) | 57,680 | 70,951 | |||
Aurora Cannabis, Inc. (a)(b) | 62,512 | 600,165 | |||
Australis Capital, Inc. (a) | 1,711 | 3,058 | |||
B2Gold Corp. (a)(b) | 186,927 | 425,163 | |||
Badger Daylighting, Ltd. (b) | 10,972 | 251,254 | |||
Bank of Montreal | 101,593 | 8,373,602 | |||
Bank of Nova Scotia | 201,470 | 11,999,981 | |||
Barrick Gold Corp. | 202,965 | 2,243,826 | |||
BCE, Inc. | 46,110 | 1,866,731 | |||
BlackBerry, Ltd. (a) | 108,714 | 1,229,614 | |||
Bombardier, Inc. Class B (a) | 404,024 | 1,437,808 | |||
Brookfield Asset Management, Inc. Class A | 177,384 | 7,889,375 | |||
CAE, Inc. | 48,471 | 983,220 | |||
Cameco Corp. | 112,330 | 1,280,072 | |||
Canadian Imperial Bank of Commerce (b) | 74,670 | 6,991,575 | |||
Canadian National Railway Co. | 131,795 | 11,817,299 | |||
Canadian Natural Resources, Ltd. | 219,671 | 7,171,682 | |||
Canadian Pacific Railway, Ltd. | 33,458 | 7,072,358 | |||
Canadian Solar, Inc. (a)(b) | 7,642 | 110,809 | |||
Canadian Tire Corp., Ltd. Class A (b) | 14,163 | 1,658,230 | |||
Canadian Utilities, Ltd. Class A (b) | 19,654 | 482,911 | |||
Canadian Western Bank | 74,604 | 1,968,123 | |||
Canopy Growth Corp. (a)(b) | 28,928 | 1,404,326 | |||
CCL Industries, Inc. Class B | 20,257 | 912,396 | |||
Cenovus Energy, Inc. | 129,412 | 1,298,525 | |||
CES Energy Solutions Corp. (b) | 52,731 | 173,785 | |||
CGI Group, Inc. Class A (a) | 71,425 | 4,601,790 | |||
CI Financial Corp. | 40,561 | 643,591 | |||
Cineplex, Inc. (b) | 10,462 | 283,282 | |||
Constellation Software, Inc. | 3,311 | 2,433,096 | |||
Crescent Point Energy Corp. (b) | 119,654 | 760,913 | |||
CT Real Estate Investment Trust | 49,006 | 487,179 | |||
Detour Gold Corp. (a) | 32,394 | 261,638 |
Security Description | Shares | Value | |||
Dollarama, Inc. | 57,283 | $ 1,803,222 | |||
ECN Capital Corp. | 43,091 | 125,679 | |||
eCobalt Solutions, Inc. (a)(b) | 192,336 | 123,502 | |||
Eldorado Gold Corp. (a)(b) | 87,302 | 76,320 | |||
Element Fleet Management Corp. (b) | 64,791 | 333,328 | |||
Emera, Inc. (b) | 24,577 | 763,587 | |||
Empire Co., Ltd. Class A | 27,112 | 493,746 | |||
Enbridge Income Fund Holdings, Inc. (b) | 16,328 | 396,263 | |||
Enbridge, Inc. | 267,410 | 8,622,659 | |||
Encana Corp. | 158,681 | 2,078,345 | |||
Enerplus Corp. (b) | 26,263 | 324,072 | |||
Exchange Income Corp. (b) | 23,994 | 613,865 | |||
Fairfax Financial Holdings, Ltd. | 6,484 | 3,520,101 | |||
Finning International, Inc. | 23,450 | 572,372 | |||
Firm Capital Mortgage Investment Corp. | 97,860 | 998,587 | |||
First Capital Realty, Inc. | 22,524 | 339,794 | |||
First Majestic Silver Corp. (a)(b) | 46,206 | 262,022 | |||
First Mining Gold Corp. (a) | 4,676 | 1,212 | |||
First Quantum Minerals, Ltd. | 112,512 | 1,280,405 | |||
Fortis, Inc. (b) | 68,130 | 2,207,399 | |||
Franco-Nevada Corp. | 28,638 | 1,790,152 | |||
George Weston, Ltd. | 7,724 | 584,230 | |||
Gildan Activewear, Inc. | 38,997 | 1,185,658 | |||
Goldcorp, Inc. | 157,836 | 1,606,933 | |||
Gran Tierra Energy, Inc. (a) | 84,013 | 319,777 | |||
Great-West Lifeco, Inc. | 51,082 | 1,238,519 | |||
H&R Real Estate Investment Trust | 22,524 | 346,242 | |||
Home Capital Group, Inc. (a)(b) | 11,485 | 133,278 | |||
Husky Energy, Inc. | 100,525 | 1,763,815 | |||
Hydro One, Ltd. (b)(e) | 27,981 | 425,148 | |||
IAMGOLD Corp. (a)(b) | 142,036 | 521,949 | |||
Imperial Oil, Ltd. (b) | 41,580 | 1,344,611 | |||
Industrial Alliance Insurance & Financial Services, Inc. | 16,981 | 678,531 | |||
Innergex Renewable Energy, Inc. (b) | 85,007 | 853,621 | |||
Intact Financial Corp. | 23,610 | 1,961,716 | |||
Inter Pipeline, Ltd. | 56,566 | 980,256 | |||
International Petroleum Corp. (a) | 12,556 | 82,171 | |||
K-Bro Linen, Inc. (b) | 23,414 | 694,486 | |||
Keyera Corp. | 28,937 | 774,802 | |||
Kinross Gold Corp. (a) | 184,552 | 502,571 | |||
Linamar Corp. (b) | 8,275 | 380,973 | |||
Loblaw Cos., Ltd. | 31,935 | 1,639,491 | |||
Lundin Mining Corp. | 124,138 | 656,896 | |||
Magna International, Inc. | 65,989 | 3,463,835 | |||
Manulife Financial Corp. | 349,592 | 6,244,839 | |||
Maxar Technologies, Ltd. (b) | 7,642 | 251,501 | |||
Methanex Corp. (b) | 14,171 | 1,117,805 | |||
Metro, Inc. | 41,283 | 1,283,267 | |||
National Bank of Canada | 62,995 | 3,143,902 | |||
New Gold, Inc. (a)(b) | 100,553 | 79,347 | |||
Nutrien, Ltd. (b) | 141,267 | 8,150,776 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Obsidian Energy, Ltd. (a)(b) | 85,789 | $ 80,307 | |||
Onex Corp. | 13,680 | 934,825 | |||
Open Text Corp. | 36,720 | 1,396,246 | |||
Pan American Silver Corp. | 25,094 | 369,635 | |||
Parex Resources, Inc. (a) | 61,213 | 1,039,475 | |||
Pembina Pipeline Corp. | 66,190 | 2,247,470 | |||
Pengrowth Energy Corp. (a)(b) | 77,304 | 66,982 | |||
Peyto Exploration & Development Corp. (b) | 22,353 | 192,472 | |||
Power Corp. of Canada | 62,729 | 1,361,733 | |||
Power Financial Corp. | 52,234 | 1,195,733 | |||
PrairieSky Royalty, Ltd. (b) | 34,554 | 606,553 | |||
Precision Drilling Corp. (a) | 52,075 | 179,680 | |||
Quebecor, Inc. Class B | 27,783 | 556,692 | |||
Restaurant Brands International, Inc. (b) | 38,436 | 2,274,165 | |||
RioCan Real Estate Investment Trust | 26,218 | 500,588 | |||
Ritchie Bros Auctioneers, Inc. | 17,998 | 648,992 | |||
Rogers Communications, Inc. Class B | 94,877 | 4,875,970 | |||
Royal Bank of Canada | 238,254 | 19,084,650 | |||
Russel Metals, Inc. | 9,891 | 205,074 | |||
Saputo, Inc. | 44,099 | 1,310,756 | |||
Secure Energy Services, Inc. (b) | 28,900 | 189,149 | |||
SEMAFO, Inc. (a)(b) | 77,531 | 182,341 | |||
Seven Generations Energy, Ltd. Class A (a) | 29,334 | 349,484 | |||
Shaw Communications, Inc. Class B (b) | 137,164 | 2,670,910 | |||
Sherritt International Corp. (a)(b) | 118,548 | 72,453 | |||
Shopify, Inc. Class A (a) | 15,164 | 2,490,575 | |||
SNC-Lavalin Group, Inc. | 33,413 | 1,361,491 | |||
Stantec, Inc. (b) | 13,065 | 324,755 | |||
Stars Group, Inc. (a) | 31,206 | 774,477 | |||
Sun Life Financial, Inc. | 130,025 | 5,165,390 | |||
Suncor Energy, Inc. | 323,772 | 12,519,050 | |||
Teck Resources, Ltd. Class B | 98,864 | 2,380,966 | |||
TELUS Corp. | 79,090 | 2,913,101 | |||
Thomson Reuters Corp. | 71,319 | 3,252,005 | |||
TMX Group, Ltd. | 8,232 | 552,090 | |||
Toromont Industries, Ltd. | 13,065 | 674,880 | |||
Toronto-Dominion Bank | 331,010 | 20,099,779 | |||
Tourmaline Oil Corp. | 21,320 | 375,071 | |||
TransCanada Corp. (b) | 149,150 | 6,030,155 | |||
Trinidad Drilling, Ltd. (a)(b) | 38,298 | 54,813 | |||
Turquoise Hill Resources, Ltd. (a) | 160,158 | 340,735 | |||
Vermilion Energy, Inc. (b) | 18,665 | 614,562 | |||
Waste Connections, Inc. (b) | 43,251 | 3,445,090 | |||
West Fraser Timber Co., Ltd. (b) | 7,028 | 399,681 | |||
Wheaton Precious Metals Corp. | 67,075 | 1,172,749 | |||
Whitecap Resources, Inc. | 60,693 | 368,121 | |||
Yamana Gold, Inc. (b) | 196,624 | 489,811 | |||
Yellow Pages, Ltd. (a)(b) | 245 | 1,649 | |||
275,736,531 |
Security Description | Shares | Value | |||
CAYMAN ISLANDS — 0.0% (d) | |||||
China Netcom Technology Holdings, Ltd. (a) | 1,130,000 | $ 12,708 | |||
CHILE — 0.0% (d) | |||||
Antofagasta PLC | 57,804 | 644,493 | |||
CHINA — 0.1% | |||||
APT Satellite Holdings, Ltd. (b) | 420,000 | 151,363 | |||
BOC Hong Kong Holdings, Ltd. | 563,500 | 2,678,910 | |||
China Everbright Water, Ltd. | 4,900 | 1,273 | |||
Chong Hing Bank, Ltd. (b) | 1,385 | 2,499 | |||
CKH Food & Health, Ltd. (a)(b) | 293,015 | 124,682 | |||
ENN Energy Holdings, Ltd. | 41,200 | 358,036 | |||
Fortunet e-Commerce Group, Ltd. (a) | 643,000 | 57,521 | |||
Fosun International, Ltd. | 311,000 | 548,480 | |||
HC Group, Inc. (a)(b) | 248,500 | 173,079 | |||
Sino Grandness Food Industry Group, Ltd. (a) | 15,400 | 2,254 | |||
4,098,097 | |||||
DENMARK — 1.4% | |||||
Ambu A/S Class B | 6,107 | 146,769 | |||
AP Moller - Maersk A/S Class A | 541 | 709,918 | |||
AP Moller - Maersk A/S Class B | 1,083 | 1,521,515 | |||
Bavarian Nordic A/S (a) | 6,645 | 175,224 | |||
Carlsberg A/S Class B | 17,464 | 2,095,566 | |||
Chr. Hansen Holding A/S | 16,350 | 1,660,377 | |||
Coloplast A/S Class B | 14,698 | 1,503,601 | |||
Danske Bank A/S | 168,590 | 4,429,841 | |||
DSV A/S | 29,573 | 2,689,983 | |||
FLSmidth & Co. A/S | 30,939 | 1,926,113 | |||
Genmab A/S (a) | 9,210 | 1,448,846 | |||
GN Store Nord A/S | 24,080 | 1,173,555 | |||
H&H International A/S Class B (a) | 15,407 | 281,726 | |||
ISS A/S | 30,149 | 1,061,262 | |||
Jyske Bank A/S | 8,117 | 393,312 | |||
NNIT A/S (e) | 1,575 | 43,715 | |||
Novo Nordisk A/S Class B | 329,783 | 15,532,857 | |||
Novozymes A/S Class B | 36,750 | 2,018,278 | |||
Orsted A/S (e) | 33,945 | 2,306,760 | |||
Pandora A/S (b) | 20,720 | 1,294,445 | |||
SimCorp A/S | 6,595 | 571,125 | |||
TK Development A/S (a) | 288 | 258 | |||
Vestas Wind Systems A/S | 45,514 | 3,079,471 | |||
Zealand Pharma A/S (a)(b) | 16,164 | 264,854 | |||
46,329,371 | |||||
FINLAND — 0.9% | |||||
Amer Sports Oyj (a) | 22,523 | 920,848 | |||
Caverion Oyj (a)(b) | 44,032 | 351,865 | |||
Elisa Oyj | 25,668 | 1,089,082 | |||
Fortum Oyj | 75,583 | 1,895,378 | |||
Huhtamaki Oyj (b) | 15,603 | 500,373 | |||
Kemira Oyj | 16,568 | 223,420 | |||
Kesko Oyj Class B | 12,602 | 684,875 | |||
Kone Oyj Class B | 64,585 | 3,452,211 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Konecranes Oyj | 11,523 | $ 441,403 | |||
Metsa Board Oyj | 32,311 | 326,879 | |||
Metso Oyj | 21,275 | 754,671 | |||
Neste Oyj | 21,295 | 1,761,070 | |||
Nokia Oyj (c) | 666,133 | 3,696,028 | |||
Nokia Oyj (c) | 357,753 | 1,987,895 | |||
Nokian Renkaat Oyj | 18,664 | 765,025 | |||
Orion Oyj Class B | 16,928 | 641,370 | |||
Sampo Oyj Class A | 80,057 | 4,147,183 | |||
Sanoma Oyj | 13,240 | 130,331 | |||
Stockmann Oyj Abp Class B (a)(b) | 77 | 348 | |||
Stora Enso Oyj Class R | 94,528 | 1,808,860 | |||
Tikkurila Oyj | 6,000 | 94,081 | |||
UPM-Kymmene Oyj | 86,700 | 3,403,728 | |||
Valmet Oyj | 22,144 | 494,086 | |||
Wartsila OYJ Abp (b) | 75,592 | 1,474,163 | |||
YIT Oyj (b) | 20,966 | 146,843 | |||
31,192,016 | |||||
FRANCE — 8.2% | |||||
Accor SA | 59,368 | 3,049,230 | |||
Adocia (a)(b) | 4,926 | 94,177 | |||
Aeroports de Paris | 5,432 | 1,223,367 | |||
Air Liquide SA | 66,952 | 8,810,742 | |||
Airbus SE | 105,203 | 13,218,864 | |||
Albioma SA | 52,358 | 1,198,032 | |||
Alstom SA | 52,839 | 2,362,226 | |||
Arkema SA | 7,182 | 890,080 | |||
Atos SE | 14,004 | 1,667,228 | |||
AXA SA | 290,874 | 7,821,228 | |||
BNP Paribas SA | 184,180 | 11,275,986 | |||
Bollore SA | 89,191 | 385,374 | |||
Bourbon Corp. (a)(b) | 65,119 | 415,240 | |||
Bouygues SA | 54,364 | 2,350,842 | |||
Bureau Veritas SA | 37,371 | 964,924 | |||
Capgemini SE | 26,274 | 3,308,069 | |||
Carrefour SA | 157,953 | 3,027,129 | |||
Casino Guichard Perrachon SA (b) | 23,456 | 986,782 | |||
CGG SA (a) | 27,570 | 77,110 | |||
Christian Dior SE | 472 | 202,296 | |||
Cie de Saint-Gobain | 110,316 | 4,759,462 | |||
Cie Generale des Etablissements Michelin SCA | 25,706 | 3,073,830 | |||
Cie Plastic Omnium SA | 12,043 | 454,328 | |||
Covivio REIT | 8,729 | 909,951 | |||
Credit Agricole SA | 200,895 | 2,890,142 | |||
Danone SA | 107,711 | 8,344,589 | |||
Dassault Systemes SE | 17,013 | 2,544,176 | |||
Edenred | 64,175 | 2,447,123 | |||
Eiffage SA | 8,801 | 982,982 | |||
Electricite de France SA | 70,398 | 1,236,730 | |||
Elis SA | 30,687 | 722,839 | |||
Engie SA | 273,235 | 4,019,394 | |||
Essilor International Cie Generale d'Optique SA | 33,933 | 5,023,208 | |||
Eutelsat Communications SA | 14,263 | 337,293 | |||
Faurecia SA | 9,312 | 560,695 |
Security Description | Shares | Value | |||
Gecina SA REIT | 7,205 | $ 1,203,405 | |||
Getlink | 68,196 | 871,306 | |||
Groupe Fnac SA (a)(c) | 5,248 | 414,193 | |||
Groupe Fnac SA (a)(c) | 1,233 | 98,316 | |||
Hermes International | 6,006 | 3,980,486 | |||
Iliad SA | 3,793 | 495,626 | |||
Ingenico Group SA | 8,862 | 673,588 | |||
Ipsen SA | 5,970 | 1,004,065 | |||
Kering SA | 12,596 | 6,754,786 | |||
Klepierre SA REIT | 31,810 | 1,128,001 | |||
Lagardere SCA | 52,095 | 1,604,075 | |||
Legrand SA | 45,743 | 3,335,531 | |||
L'Oreal SA | 40,102 | 9,674,345 | |||
LVMH Moet Hennessy Louis Vuitton SE | 42,348 | 14,982,416 | |||
Nanobiotix (a) | 14,071 | 262,803 | |||
Natixis SA | 78,402 | 532,177 | |||
Nexans SA (b) | 16,367 | 514,798 | |||
Onxeo SA (a) | 651 | 797 | |||
Orange SA | 349,623 | 5,577,604 | |||
Orpea | 7,653 | 990,230 | |||
Pernod Ricard SA | 35,041 | 5,750,925 | |||
Peugeot SA | 101,033 | 2,726,035 | |||
Publicis Groupe SA | 56,140 | 3,356,835 | |||
Renault SA | 40,337 | 3,490,430 | |||
Rexel SA | 49,496 | 743,628 | |||
Rubis SCA | 15,127 | 819,114 | |||
Safran SA | 57,255 | 8,026,750 | |||
Sanofi | 201,471 | 17,915,689 | |||
Schneider Electric SE (c) | 98,545 | 7,932,076 | |||
Schneider Electric SE (c) | 2,000 | 161,007 | |||
SCOR SE | 30,656 | 1,424,277 | |||
SEB SA | 4,382 | 746,149 | |||
Societe BIC SA | 4,428 | 405,535 | |||
Societe Generale SA | 139,363 | 5,984,336 | |||
Sodexo SA | 16,925 | 1,795,596 | |||
Suez | 65,283 | 928,112 | |||
Technicolor SA (a)(b) | 79,453 | 95,238 | |||
Teleperformance | 9,754 | 1,841,006 | |||
Television Francaise 1 | 19,755 | 208,574 | |||
Thales SA | 16,962 | 2,410,461 | |||
TOTAL SA | 430,363 | 27,912,541 | |||
Ubisoft Entertainment SA (a) | 26,561 | 2,882,062 | |||
Unibail-Rodamco-Westfield (c) | 122,431 | 1,250,820 | |||
Unibail-Rodamco-Westfield (c) | 16,360 | 3,291,550 | |||
Valeo SA | 64,288 | 2,792,676 | |||
Vallourec SA (a) | 83,388 | 490,087 | |||
Veolia Environnement SA | 143,673 | 2,868,601 | |||
Vinci SA | 78,829 | 7,509,739 | |||
Vivendi SA | 200,950 | 5,174,552 | |||
Wendel SA | 4,880 | 726,653 | |||
277,395,270 | |||||
GERMANY — 7.4% | |||||
1&1 Drillisch AG | 7,163 | 348,601 | |||
Aareal Bank AG | 8,277 | 346,287 | |||
adidas AG | 33,302 | 8,157,666 | |||
Allianz SE | 71,864 | 16,026,241 | |||
Aurubis AG | 4,865 | 340,398 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Axel Springer SE | 10,383 | $ 698,868 | |||
BASF SE | 151,212 | 13,444,681 | |||
Bayer AG | 151,616 | 13,473,557 | |||
Bayerische Motoren Werke AG | 52,959 | 4,780,086 | |||
Bayerische Motoren Werke AG Preference Shares | 7,180 | 564,589 | |||
Bechtle AG | 4,408 | 447,734 | |||
Beiersdorf AG | 16,901 | 1,907,692 | |||
Bilfinger SE | 21,170 | 1,069,127 | |||
Brenntag AG | 26,197 | 1,617,542 | |||
CECONOMY AG | 27,334 | 193,157 | |||
Commerzbank AG (a) | 154,178 | 1,607,222 | |||
Continental AG | 17,370 | 3,025,278 | |||
Covestro AG (e) | 30,336 | 2,461,535 | |||
CTS Eventim AG & Co. KGaA | 7,751 | 347,687 | |||
Daimler AG | 156,759 | 9,895,804 | |||
Delivery Hero SE (a)(e) | 10,435 | 502,021 | |||
Deutsche Bank AG | 341,236 | 3,895,283 | |||
Deutsche Boerse AG | 39,025 | 5,230,796 | |||
Deutsche EuroShop AG | 10,452 | 338,463 | |||
Deutsche Lufthansa AG | 30,868 | 758,653 | |||
Deutsche Post AG | 199,651 | 7,121,481 | |||
Deutsche Telekom AG | 565,648 | 9,122,444 | |||
Deutsche Wohnen SE | 57,913 | 2,779,428 | |||
DMG Mori AG | 12,034 | 617,106 | |||
Duerr AG | 7,784 | 350,524 | |||
E.ON SE | 340,324 | 3,470,613 | |||
Epigenomics AG (a) | 126 | 320 | |||
Evonik Industries AG | 20,309 | 727,717 | |||
Evotec AG (a) | 19,644 | 418,455 | |||
Fielmann AG | 4,304 | 259,203 | |||
Fraport AG Frankfurt Airport Services Worldwide | 8,732 | 771,822 | |||
Freenet AG | 21,811 | 524,403 | |||
Fresenius Medical Care AG & Co. KGaA | 36,272 | 3,731,868 | |||
Fresenius SE & Co. KGaA | 66,857 | 4,910,863 | |||
Fuchs Petrolub SE Preference Shares | 11,561 | 646,160 | |||
GEA Group AG | 29,655 | 1,056,750 | |||
Gerresheimer AG | 7,095 | 599,521 | |||
Grand City Properties SA | 17,888 | 463,740 | |||
GRENKE AG | 4,306 | 513,646 | |||
Hamborner REIT AG | 78,517 | 829,897 | |||
Hannover Rueck SE | 9,948 | 1,406,194 | |||
HeidelbergCement AG | 23,992 | 1,875,986 | |||
Hella GmbH & Co. KGaA | 7,193 | 401,358 | |||
Henkel AG & Co. KGaA Preference Shares | 33,335 | 3,912,513 | |||
Henkel AG & Co. KGaA | 20,891 | 2,219,024 | |||
HOCHTIEF AG | 2,734 | 453,467 | |||
HUGO BOSS AG | 10,954 | 843,794 | |||
Infineon Technologies AG | 190,522 | 4,330,669 | |||
Innogy SE (a) | 19,737 | 837,891 | |||
Jungheinrich AG Preference Shares | 7,751 | 295,291 | |||
KION Group AG | 12,699 | 780,859 | |||
Krones AG | 2,661 | 279,249 |
Security Description | Shares | Value | |||
KS AG | 35,557 | $ 746,694 | |||
Lanxess AG | 15,359 | 1,125,314 | |||
LEG Immobilien AG | 9,860 | 1,171,006 | |||
Leoni AG | 5,438 | 223,911 | |||
Linde AG | 30,861 | 7,301,634 | |||
MAN SE | 15,839 | 1,722,878 | |||
Merck KGaA | 35,036 | 3,621,793 | |||
METRO AG | 27,334 | 428,604 | |||
MorphoSys AG (a) | 3,779 | 404,255 | |||
MTU Aero Engines AG | 8,688 | 1,958,684 | |||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 24,774 | 5,488,829 | |||
Norma Group SE | 8,241 | 526,934 | |||
OSRAM Licht AG | 13,184 | 524,631 | |||
Porsche Automobil Holding SE Preference Shares | 29,479 | 1,985,911 | |||
ProSiebenSat.1 Media SE | 37,367 | 970,897 | |||
Puma SE | 1,515 | 747,861 | |||
QIAGEN NV (a) | 38,974 | 1,475,746 | |||
Rational AG | 545 | 395,003 | |||
Rheinmetall AG | 7,130 | 745,831 | |||
RWE AG | 90,748 | 2,239,830 | |||
Salzgitter AG | 17,033 | 851,694 | |||
SAP SE | 175,198 | 21,570,194 | |||
Sartorius AG Preference Shares | 7,716 | 1,252,906 | |||
Schaeffler AG Preference Shares | 27,419 | 350,637 | |||
Scout24 AG (e) | 12,053 | 562,222 | |||
Siemens AG | 137,103 | 17,571,101 | |||
Siltronic AG | 3,317 | 406,267 | |||
Software AG | 8,301 | 378,530 | |||
Stabilus SA | 3,898 | 321,907 | |||
STADA Arzneimittel AG | 12,593 | 1,186,523 | |||
Symrise AG | 20,722 | 1,892,273 | |||
TAG Immobilien AG | 24,086 | 573,505 | |||
Telefonica Deutschland Holding AG | 85,569 | 361,873 | |||
ThyssenKrupp AG | 87,183 | 2,201,458 | |||
TUI AG | 80,193 | 1,540,399 | |||
Uniper SE | 33,978 | 1,046,229 | |||
United Internet AG | 20,750 | 982,120 | |||
Volkswagen AG | 6,530 | 1,138,447 | |||
Volkswagen AG Preference Shares | 29,906 | 5,265,948 | |||
Vonovia SE | 77,252 | 3,775,761 | |||
Wacker Chemie AG | 2,659 | 334,477 | |||
Wirecard AG | 22,528 | 4,885,241 | |||
Zalando SE (a)(e) | 18,636 | 725,348 | |||
251,012,530 | |||||
HONG KONG — 2.8% | |||||
AIA Group, Ltd. | 2,074,400 | 18,530,660 | |||
Alltronics Holdings, Ltd. | 260,000 | 48,512 | |||
ASM Pacific Technology, Ltd. | 50,700 | 516,402 | |||
Ban Loong Holdings, Ltd. (a) | 28,000 | 683 | |||
Bank of East Asia, Ltd. | 224,022 | 835,978 | |||
China LotSynergy Holdings, Ltd. (a)(b) | 6,480,000 | 93,578 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
China Regenerative Medicine International, Ltd. (a) | 70,000 | $ 984 | |||
China Strategic Holdings, Ltd. (a) | 105,000 | 953 | |||
China Water Industry Group, Ltd. (a)(b) | 1,052,000 | 181,498 | |||
China Youzan, Ltd. (a)(b) | 1,280,000 | 114,506 | |||
CK Asset Holdings, Ltd. | 539,348 | 4,049,470 | |||
CK Hutchison Holdings, Ltd. | 539,348 | 6,217,228 | |||
CK Infrastructure Holdings, Ltd. | 26,000 | 206,009 | |||
CLP Holdings, Ltd. | 283,000 | 3,314,669 | |||
Dah Sing Banking Group, Ltd. | 446,925 | 899,002 | |||
Dah Sing Financial Holdings, Ltd. | 223,685 | 1,433,603 | |||
Dairy Farm International Holdings, Ltd. | 53,500 | 481,500 | |||
Esprit Holdings, Ltd. (a)(b) | 597,419 | 143,535 | |||
Galaxy Entertainment Group, Ltd. | 517,000 | 3,280,432 | |||
GTI Holdings, Ltd. (a) | 1,134,000 | 52,172 | |||
Hang Lung Group, Ltd. | 533,000 | 1,416,810 | |||
Hang Lung Properties, Ltd. | 484,000 | 946,364 | |||
Hang Seng Bank, Ltd. | 113,000 | 3,070,173 | |||
Henderson Land Development Co., Ltd. | 196,245 | 986,880 | |||
HK Electric Investments & HK Electric Investments, Ltd. (b) | 304,500 | 307,422 | |||
HKT Trust & HKT, Ltd. | 516,900 | 710,788 | |||
Hong Kong & China Gas Co., Ltd. | 1,645,856 | 3,268,617 | |||
Hong Kong Exchanges & Clearing, Ltd. | 216,824 | 6,206,926 | |||
Hongkong Land Holdings, Ltd. | 380,600 | 2,519,572 | |||
Hysan Development Co., Ltd. | 26,841 | 135,665 | |||
Jardine Matheson Holdings, Ltd. | 52,705 | 3,307,239 | |||
Jardine Strategic Holdings, Ltd. | 48,100 | 1,746,030 | |||
Kerry Properties, Ltd. | 29,000 | 98,397 | |||
KuangChi Science, Ltd. (a) | 1,030,000 | 88,193 | |||
Landing International Development, Ltd. (a) | 132,000 | 42,510 | |||
Li & Fung, Ltd. | 1,204,000 | 269,269 | |||
Link REIT | 517,351 | 5,094,237 | |||
Master Glory Group, Ltd. (a) | 210,000 | 537 | |||
Melco International Development, Ltd. | 34,000 | 67,957 | |||
Melco Resorts & Entertainment, Ltd. ADR | 24,579 | 519,846 | |||
MTR Corp., Ltd. | 261,179 | 1,375,171 | |||
New World Development Co., Ltd. | 1,058,516 | 1,444,741 | |||
Noble Group, Ltd. (a)(b) | 60,040 | 5,888 | |||
NWS Holdings, Ltd. | 72,000 | 142,438 | |||
Pacific Basin Shipping, Ltd. | 4,340,000 | 1,031,630 | |||
PCCW, Ltd. | 586,000 | 341,494 | |||
Power Assets Holdings, Ltd. | 261,000 | 1,817,851 | |||
Sands China, Ltd. | 433,200 | 1,962,573 | |||
Shangri-La Asia, Ltd. | 60,000 | 89,254 | |||
Shunten International Holdings, Ltd. (a)(b) | 28,000 | 912 |
Security Description | Shares | Value | |||
Sino Land Co., Ltd. | 1,159,938 | $ 1,989,338 | |||
SJM Holdings, Ltd. | 57,000 | 52,739 | |||
Summit Ascent Holdings, Ltd. (a)(b) | 1,330,000 | 134,276 | |||
Sun Hung Kai Properties, Ltd. | 356,009 | 5,186,651 | |||
Sundart Holdings, Ltd. | 74,000 | 47,285 | |||
Swire Pacific, Ltd. Class A | 25,500 | 279,444 | |||
Swire Properties, Ltd. | 206,200 | 781,330 | |||
Techtronic Industries Co., Ltd. | 259,000 | 1,654,973 | |||
Tou Rong Chang Fu Group, Ltd. (a)(f) | 3,424,000 | 51,634 | |||
Value Convergence Holdings, Ltd. (a) | 392,000 | 37,572 | |||
Vision Fame International Holding, Ltd. (a)(b) | 2,280,000 | 53,613 | |||
VTech Holdings, Ltd. | 46,700 | 539,519 | |||
Wharf Holdings, Ltd. | 490,000 | 1,333,819 | |||
Wharf Real Estate Investment Co., Ltd. | 133,000 | 858,350 | |||
Wheelock & Co., Ltd. | 34,000 | 204,003 | |||
Yat Sing Holdings, Ltd. (a) | 35,000 | 783 | |||
Yue Yuen Industrial Holdings, Ltd. | 34,000 | 94,506 | |||
92,716,593 | |||||
IRELAND — 0.5% | |||||
AerCap Holdings NV (a) | 13,704 | 788,254 | |||
Bank of Ireland Group PLC | 151,951 | 1,163,958 | |||
C&C Group PLC | 66,857 | 257,036 | |||
CRH PLC | 137,232 | 4,491,748 | |||
Glanbia PLC | 20,729 | 357,299 | |||
Green REIT PLC | 111,195 | 195,021 | |||
Greencore Group PLC | 136,098 | 328,513 | |||
Irish Bank Resolution Corp., Ltd. (a)(g) | 5,635 | — | |||
James Hardie Industries PLC | 70,350 | 1,066,901 | |||
Kerry Group PLC Class A | 25,638 | 2,836,404 | |||
Kingspan Group PLC | 23,997 | 1,119,360 | |||
Paddy Power Betfair PLC | 14,161 | 1,208,928 | |||
Ryanair Holdings PLC ADR (a) | 20,751 | 1,992,926 | |||
Smurfit Kappa Group PLC | 32,252 | 1,275,911 | |||
UDG Healthcare PLC | 41,074 | 364,493 | |||
17,446,752 | |||||
ISRAEL — 0.6% | |||||
Bank Hapoalim BM | 181,251 | 1,327,905 | |||
Bank Leumi Le-Israel BM | 229,685 | 1,515,358 | |||
Bezeq The Israeli Telecommunication Corp., Ltd. | 356,658 | 410,291 | |||
Check Point Software Technologies, Ltd. (a) | 24,144 | 2,841,024 | |||
Israel Chemicals, Ltd. | 73,937 | 451,406 | |||
Mazor Robotics, Ltd. (a) | 26,198 | 752,899 | |||
Nice, Ltd. (a) | 10,427 | 1,179,998 | |||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 27,108 | 1,282,266 | |||
Reit 1, Ltd. | 253,613 | 1,030,856 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Shufersal, Ltd. | 390,020 | $ 2,499,166 | |||
Strauss Group, Ltd. | 111,419 | 2,451,022 | |||
Teva Pharmaceutical Industries, Ltd. ADR | 180,294 | 3,883,533 | |||
19,625,724 | |||||
ITALY — 1.8% | |||||
A2A SpA | 245,657 | 426,569 | |||
Assicurazioni Generali SpA | 219,909 | 3,800,712 | |||
Atlantia SpA | 68,501 | 1,421,807 | |||
Azimut Holding SpA (b) | 17,370 | 262,278 | |||
Banca Generali SpA | 12,052 | 311,884 | |||
Banca IFIS SpA | 32,296 | 727,729 | |||
Banca Monte dei Paschi di Siena SpA (a)(b) | 3,703 | 9,643 | |||
Banca Popolare di Sondrio SCPA | 120,618 | 460,361 | |||
Banco BPM SpA (a)(b) | 168,618 | 415,789 | |||
Biesse SpA | 1,694 | 60,287 | |||
BPER Banca | 89,195 | 413,157 | |||
Brembo SpA | 74,137 | 971,322 | |||
Cairo Communication SpA (b) | 85,194 | 307,743 | |||
Credito Valtellinese SpA (a) | 1,541,203 | 193,331 | |||
Davide Campari-Milano SpA | 80,158 | 682,914 | |||
Enel SpA | 1,264,105 | 6,477,952 | |||
Eni SpA | 439,429 | 8,310,277 | |||
Esprinet SpA (b) | 67,080 | 296,850 | |||
Falck Renewables SpA | 19,674 | 42,503 | |||
Ferrari NV | 17,782 | 2,449,539 | |||
FinecoBank Banca Fineco SpA | 64,572 | 863,629 | |||
Immobiliare Grande Distribuzione SIIQ SpA REIT | 88,280 | 678,591 | |||
Interpump Group SpA | 33,041 | 1,082,234 | |||
Intesa Sanpaolo SpA | 2,427,838 | 6,206,672 | |||
Iren SpA | 499,576 | 1,226,664 | |||
Italgas SpA | 54,205 | 294,271 | |||
Leonardo SpA | 129,963 | 1,566,881 | |||
Luxottica Group SpA | 23,511 | 1,598,065 | |||
Mediaset SpA (a) | 120,768 | 377,472 | |||
Mediobanca Banca di Credito Finanziario SpA | 70,173 | 701,277 | |||
Moncler SpA | 26,723 | 1,151,538 | |||
Pirelli & C SpA (a)(e) | 65,484 | 549,759 | |||
Poste Italiane SpA (e) | 74,862 | 598,405 | |||
PRADA SpA | 59,700 | 286,106 | |||
Prysmian SpA | 34,095 | 794,403 | |||
Recordati SpA | 26,200 | 887,376 | |||
Reply SpA | 22,895 | 1,575,608 | |||
Saipem SpA (a) | 165,055 | 1,017,604 | |||
Salvatore Ferragamo SpA | 11,397 | 273,092 | |||
Snam SpA | 360,921 | 1,504,543 | |||
Societa Cattolica di Assicurazioni SC | 83,931 | 722,370 | |||
Sogefi SpA (a)(b) | 64,129 | 145,396 | |||
Telecom Italia SpA/Milano (a)(c) | 2,414,501 | 1,466,723 | |||
Telecom Italia SpA/Milano (c) | 1,018,333 | 548,106 |
Security Description | Shares | Value | |||
Terna Rete Elettrica Nazionale SpA | 236,624 | $ 1,264,533 | |||
UniCredit SpA | 328,960 | 4,953,374 | |||
Unione di Banche Italiane SpA (b) | 171,657 | 689,056 | |||
Unipol Gruppo Finanziario SpA | 60,818 | 270,975 | |||
UnipolSai Assicurazioni SpA | 1,020 | 2,405 | |||
Zignago Vetro SpA | 65,839 | 653,835 | |||
61,993,610 | |||||
JAPAN — 23.7% | |||||
3-D Matrix, Ltd. (a)(b) | 61,700 | 237,381 | |||
Abist Co., Ltd. | 1,100 | 40,674 | |||
Acom Co., Ltd. | 104,000 | 419,351 | |||
Activia Properties, Inc. REIT | 20 | 86,631 | |||
Advance Residence Investment Corp. REIT | 175 | 447,110 | |||
Advanced Media, Inc. (a)(b) | 6,800 | 111,173 | |||
Advantest Corp. (b) | 104,000 | 2,191,064 | |||
Aeon Co., Ltd. (b) | 219,020 | 5,278,578 | |||
AEON Financial Service Co., Ltd. (b) | 3,500 | 72,505 | |||
AEON REIT Investment Corp. | 58 | 62,348 | |||
AGC, Inc. | 48,400 | 2,009,121 | |||
Air Water, Inc. | 48,400 | 888,445 | |||
Aisin Seiki Co., Ltd. | 49,100 | 2,390,483 | |||
Ajinomoto Co., Inc. | 104,600 | 1,796,208 | |||
Akita Bank, Ltd. | 16,555 | 436,958 | |||
Alconix Corp. (b) | 7,800 | 111,247 | |||
Alfresa Holdings Corp. | 50,200 | 1,343,558 | |||
Alps Electric Co., Ltd. (b) | 49,200 | 1,250,088 | |||
Amada Holdings Co., Ltd. | 56,400 | 602,308 | |||
ANA Holdings, Inc. | 10,100 | 353,013 | |||
Aomori Bank, Ltd. | 1,010 | 30,589 | |||
Aoyama Trading Co., Ltd. | 2,100 | 64,524 | |||
Aozora Bank, Ltd. | 14,200 | 507,567 | |||
Asahi Group Holdings, Ltd. | 114,236 | 4,953,227 | |||
Asahi Intecc Co., Ltd. | 6,400 | 279,474 | |||
Asahi Kasei Corp. | 216,350 | 3,281,869 | |||
Asics Corp. | 49,600 | 739,731 | |||
Astellas Pharma, Inc. | 493,500 | 8,611,322 | |||
Atom Corp. (b) | 167,300 | 1,506,783 | |||
Awa Bank, Ltd. | 2,310 | 71,689 | |||
Azbil Corp. | 7,600 | 165,402 | |||
Bandai Namco Holdings, Inc. | 50,600 | 1,966,800 | |||
Bank of Iwate, Ltd. | 51,155 | 2,233,823 | |||
Bank of Kyoto, Ltd. (b) | 10,700 | 558,621 | |||
Bank of Okinawa, Ltd. | 54,700 | 1,935,942 | |||
BayCurrent Consulting, Inc. (b) | 3,100 | 86,380 | |||
Benesse Holdings, Inc. | 4,100 | 116,772 | |||
Bic Camera, Inc. | 1,100 | 15,301 | |||
Bridgestone Corp. | 112,065 | 4,235,551 | |||
Brightpath Biotherapeutics Co., Ltd. (a) | 43,400 | 115,774 | |||
Brother Industries, Ltd. | 49,400 | 975,953 | |||
Calbee, Inc. | 15,800 | 520,245 | |||
Can Do Co., Ltd. (b) | 5,300 | 81,704 | |||
Canon, Inc. | 208,816 | 6,636,666 | |||
Casio Computer Co., Ltd. (b) | 113,500 | 1,855,610 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Central Japan Railway Co. | 38,700 | $ 8,061,293 | |||
Chiba Bank, Ltd. | 93,150 | 636,390 | |||
Chubu Electric Power Co., Inc. | 107,365 | 1,624,394 | |||
Chugai Pharmaceutical Co., Ltd. | 56,880 | 3,655,624 | |||
Chugoku Bank, Ltd. (b) | 48,400 | 493,012 | |||
Chugoku Electric Power Co., Inc. (b) | 48,900 | 628,551 | |||
Coca-Cola Bottlers Japan Holdings, Inc. | 48,000 | 1,284,677 | |||
COLOPL, Inc. | 2,000 | 12,977 | |||
Colowide Co., Ltd. (b) | 2,400 | 61,424 | |||
COMSYS Holdings Corp. | 9,500 | 281,441 | |||
Concordia Financial Group, Ltd. | 216,500 | 1,061,676 | |||
COOKPAD, Inc. (b) | 49,100 | 197,118 | |||
Cosmo Energy Holdings Co., Ltd. | 8,700 | 357,697 | |||
Credit Saison Co., Ltd. | 107,400 | 1,752,099 | |||
Creek & River Co., Ltd. | 9,600 | 105,225 | |||
CyberAgent, Inc. | 13,900 | 740,371 | |||
Dai Nippon Printing Co., Ltd. | 44,900 | 1,044,379 | |||
Daicel Corp. | 52,300 | 607,792 | |||
Daifuku Co., Ltd. (b) | 10,600 | 540,335 | |||
Dai-ichi Life Holdings, Inc. | 214,300 | 4,462,972 | |||
Daiichi Sankyo Co., Ltd. | 161,765 | 7,014,065 | |||
Daiken Medical Co., Ltd. (b) | 54,000 | 401,726 | |||
Daikin Industries, Ltd. | 58,610 | 7,804,519 | |||
Daishi Bank, Ltd. | 1,517 | 66,444 | |||
Daito Trust Construction Co., Ltd. | 9,255 | 1,190,842 | |||
Daiwa House Industry Co., Ltd. | 111,000 | 3,291,350 | |||
Daiwa House REIT Investment Corp. | 372 | 851,193 | |||
Daiwa Securities Group, Inc. | 504,450 | 3,069,735 | |||
DeNA Co., Ltd. | 49,000 | 865,810 | |||
Denka Co., Ltd. | 7,000 | 244,046 | |||
Denso Corp. | 103,310 | 5,456,325 | |||
Dentsu, Inc. | 50,200 | 2,329,128 | |||
DIC Corp. | 5,300 | 190,844 | |||
Disco Corp. | 2,500 | 418,629 | |||
Don Quijote Holdings Co., Ltd. | 16,300 | 825,153 | |||
Dowa Holdings Co., Ltd. | 4,400 | 139,842 | |||
East Japan Railway Co. | 61,200 | 5,687,071 | |||
Ebara Corp. | 3,800 | 131,144 | |||
Eighteenth Bank, Ltd. | 825 | 28,076 | |||
Eisai Co., Ltd. | 54,851 | 5,340,952 | |||
Electric Power Development Co., Ltd. | 42,400 | 1,173,993 | |||
Enish, Inc. (a) | 700 | 4,437 | |||
euglena Co., Ltd. (a)(b) | 5,000 | 38,517 | |||
Ezaki Glico Co., Ltd. | 2,700 | 132,641 | |||
F@N Communications, Inc. (b) | 5,200 | 31,863 | |||
FamilyMart UNY Holdings Co., Ltd. | 9,500 | 989,435 | |||
FANUC Corp. | 40,455 | 7,629,054 | |||
Fast Retailing Co., Ltd. | 9,700 | 4,946,287 | |||
Feed One Co., Ltd. | 823,900 | 1,537,763 | |||
FFRI, Inc. (a)(b) | 7,500 | 211,296 | |||
Financial Products Group Co., Ltd. (b) | 53,400 | 511,504 |
Security Description | Shares | Value | |||
FINDEX, Inc. (b) | 35,100 | $ 243,198 | |||
Fixstars Corp. (b) | 7,700 | 108,058 | |||
Focus Systems Corp. | 13,300 | 122,948 | |||
Foster Electric Co., Ltd. (b) | 56,400 | 711,548 | |||
Frontier Real Estate Investment Corp. | 20 | 77,915 | |||
Fuji Electric Co., Ltd. | 16,600 | 664,965 | |||
FUJIFILM Holdings Corp. | 109,510 | 4,931,493 | |||
Fujitsu, Ltd. | 49,951 | 3,560,380 | |||
Fukuoka Financial Group, Inc. | 109,510 | 3,012,887 | |||
Fukuoka REIT Corp. | 10 | 15,477 | |||
Furukawa Electric Co., Ltd. | 51,655 | 1,719,029 | |||
Gakujo Co., Ltd. | 17,400 | 258,277 | |||
GLP J-REIT | 561 | 545,763 | |||
GMO internet, Inc. | 3,500 | 61,073 | |||
GS Yuasa Corp. (b) | 3,400 | 83,724 | |||
Gumi, Inc. (a)(b) | 15,300 | 87,556 | |||
GungHo Online Entertainment, Inc. (b) | 56,900 | 117,221 | |||
Gunma Bank, Ltd. | 60,200 | 310,050 | |||
Gurunavi, Inc. (b) | 5,200 | 42,347 | |||
Hachijuni Bank, Ltd. | 101,900 | 467,402 | |||
Hakuhodo DY Holdings, Inc. | 52,800 | 926,446 | |||
Hamamatsu Photonics KK | 49,200 | 1,960,030 | |||
Hankyu Hanshin Holdings, Inc. | 53,900 | 1,912,374 | |||
Hankyu Hanshin REIT, Inc. | 573 | 714,327 | |||
Haseko Corp. | 53,200 | 690,848 | |||
Heiwa Real Estate REIT, Inc. | 1,625 | 1,638,090 | |||
Hikari Tsushin, Inc. | 1,400 | 276,832 | |||
Hino Motors, Ltd. | 49,900 | 546,512 | |||
Hirose Electric Co., Ltd. (b) | 2,940 | 321,476 | |||
Hiroshima Bank, Ltd. | 15,500 | 104,939 | |||
Hisamitsu Pharmaceutical Co., Inc. | 10,100 | 774,495 | |||
Hitachi Chemical Co., Ltd. | 4,800 | 97,745 | |||
Hitachi Construction Machinery Co., Ltd. | 13,700 | 458,335 | |||
Hitachi High-Technologies Corp. | 3,700 | 127,530 | |||
Hitachi Metals, Ltd. (b) | 51,900 | 642,896 | |||
Hitachi, Ltd. | 207,895 | 7,064,971 | |||
Hokkoku Bank, Ltd. (b) | 16,555 | 639,842 | |||
Honda Motor Co., Ltd. | 291,275 | 8,818,900 | |||
Horiba, Ltd. | 4,900 | 259,700 | |||
Hoshizaki Corp. | 7,200 | 745,451 | |||
House Foods Group, Inc. | 12,000 | 360,259 | |||
Hoya Corp. | 57,006 | 3,387,688 | |||
Hulic Co., Ltd. | 55,400 | 543,831 | |||
Hyakugo Bank, Ltd. | 48,750 | 197,000 | |||
Ibiden Co., Ltd. (b) | 55,200 | 774,166 | |||
IBJ, Inc. (b) | 17,100 | 105,083 | |||
Ichigo Office REIT Investment | 2,185 | 1,800,555 | |||
Idemitsu Kosan Co., Ltd. | 12,000 | 634,943 | |||
IHI Corp. | 12,900 | 488,925 | |||
Iida Group Holdings Co., Ltd. (b) | 34,800 | 619,191 | |||
Industrial & Infrastructure Fund Investment Corp. REIT | 160 | 161,430 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Infomart Corp. (b) | 106,000 | $ 1,381,168 | |||
Infoteria Corp. (b) | 11,900 | 115,558 | |||
Inpex Corp. | 167,700 | 2,092,098 | |||
Intage Holdings, Inc. | 102,800 | 941,251 | |||
Iriso Electronics Co., Ltd. (b) | 4,400 | 230,876 | |||
Isetan Mitsukoshi Holdings, Ltd. (b) | 57,700 | 708,645 | |||
Isuzu Motors, Ltd. | 222,700 | 3,511,517 | |||
Ito En, Ltd. | 8,200 | 363,851 | |||
ITOCHU Corp. | 258,850 | 4,740,133 | |||
Iwatani Corp. (b) | 2,800 | 99,714 | |||
Iyo Bank, Ltd. (b) | 54,100 | 338,170 | |||
Izumi Co., Ltd. | 6,100 | 405,467 | |||
J Front Retailing Co., Ltd. | 48,800 | 757,445 | |||
Jafco Co., Ltd. | 2,100 | 81,719 | |||
Japan Airlines Co., Ltd. | 14,000 | 503,376 | |||
Japan Airport Terminal Co., Ltd. | 4,800 | 218,480 | |||
Japan Excellent, Inc. REIT | 490 | 649,681 | |||
Japan Exchange Group, Inc. | 108,800 | 1,896,588 | |||
Japan Hotel REIT Investment Corp. | 562 | 409,186 | |||
Japan Logistics Fund, Inc. REIT | 37 | 72,805 | |||
Japan Post Bank Co., Ltd. | 57,600 | 681,048 | |||
Japan Post Holdings Co., Ltd. | 78,200 | 930,813 | |||
Japan Prime Realty Investment Corp. REIT | 120 | 427,873 | |||
Japan Real Estate Investment Corp. REIT | 151 | 792,323 | |||
Japan Retail Fund Investment Corp. REIT | 532 | 965,314 | |||
Japan Tissue Engineering Co., Ltd. (a) | 2,200 | 23,785 | |||
Japan Tobacco, Inc. | 171,200 | 4,470,478 | |||
JFE Holdings, Inc. | 109,510 | 2,513,471 | |||
JGC Corp. | 50,100 | 1,149,453 | |||
JSR Corp. | 104,900 | 1,958,823 | |||
JTEKT Corp. | 51,100 | 748,156 | |||
JXTG Holdings, Inc. | 595,900 | 4,502,892 | |||
Kagome Co., Ltd. | 11,700 | 337,862 | |||
Kajima Corp. | 50,238 | 730,221 | |||
Kakaku.com, Inc. | 52,500 | 1,027,028 | |||
Kaken Pharmaceutical Co., Ltd. | 2,000 | 106,352 | |||
Kamigumi Co., Ltd. | 18,400 | 405,631 | |||
Kaneka Corp. | 7,600 | 351,279 | |||
Kansai Electric Power Co., Inc. | 214,800 | 3,239,445 | |||
Kansai Paint Co., Ltd. (b) | 52,600 | 969,709 | |||
Kao Corp. | 104,700 | 8,456,379 | |||
Kawasaki Heavy Industries, Ltd. | 14,000 | 395,035 | |||
KDDI Corp. | 324,300 | 8,962,255 | |||
Keihan Holdings Co., Ltd. | 4,800 | 183,404 | |||
Keikyu Corp. (b) | 54,200 | 988,231 | |||
Keio Corp. (b) | 14,700 | 804,983 | |||
Keisei Electric Railway Co., Ltd. | 50,300 | 1,771,361 | |||
Kenedix Office Investment Corp. REIT | 42 | 268,081 | |||
Kenedix, Inc. (b) | 54,100 | 309,116 | |||
Kewpie Corp. | 5,500 | 127,350 | |||
Keyence Corp. | 14,300 | 8,306,678 |
Security Description | Shares | Value | |||
Kikkoman Corp. | 24,800 | $ 1,475,970 | |||
Kintetsu Group Holdings Co., Ltd. | 24,410 | 982,116 | |||
Kirin Holdings Co., Ltd. | 158,400 | 4,059,536 | |||
Kiyo Bank, Ltd. | 112,800 | 1,808,415 | |||
KNT-CT Holdings Co., Ltd. (a)(b) | 15,000 | 173,394 | |||
Kobayashi Pharmaceutical Co., Ltd. | 6,600 | 485,768 | |||
Kobe Steel, Ltd. | 56,399 | 501,501 | |||
Koito Manufacturing Co., Ltd. | 16,700 | 1,096,817 | |||
Komatsu, Ltd. | 214,920 | 6,539,275 | |||
Konami Holdings Corp. (b) | 12,400 | 485,804 | |||
Konica Minolta, Inc. | 170,775 | 1,816,227 | |||
Kose Corp. | 3,600 | 686,182 | |||
Kubota Corp. | 270,650 | 4,601,181 | |||
Kuraray Co., Ltd. | 56,000 | 842,083 | |||
Kurita Water Industries, Ltd. | 55,510 | 1,617,626 | |||
Kyocera Corp. | 55,800 | 3,350,407 | |||
Kyoritsu Maintenance Co., Ltd. | 1,200 | 50,764 | |||
Kyoto Kimono Yuzen Co., Ltd. | 1,400 | 6,693 | |||
Kyowa Exeo Corp. (b) | 12,400 | 362,988 | |||
Kyowa Hakko Kirin Co., Ltd. | 50,300 | 942,807 | |||
Kyudenko Corp. | 8,200 | 325,589 | |||
Kyushu Electric Power Co., Inc. (b) | 58,500 | 706,110 | |||
Kyushu Financial Group, Inc. | 50,100 | 238,183 | |||
Kyushu Railway Co. | 18,500 | 563,543 | |||
Lawson, Inc. | 1,500 | 91,385 | |||
Leopalace21 Corp. | 1,600 | 8,917 | |||
Like Co., Ltd. (b) | 6,200 | 97,488 | |||
Lion Corp. | 25,000 | 555,531 | |||
LIXIL Group Corp. | 50,400 | 970,861 | |||
M3, Inc. | 98,600 | 2,237,891 | |||
Mabuchi Motor Co., Ltd. | 3,500 | 141,282 | |||
Makita Corp. | 51,600 | 2,584,884 | |||
Marubeni Corp. | 550,050 | 5,036,334 | |||
Marui Group Co., Ltd. (b) | 50,700 | 1,251,598 | |||
Maruichi Steel Tube, Ltd. | 10,200 | 332,711 | |||
Matsumotokiyoshi Holdings Co., Ltd. | 5,000 | 205,133 | |||
Matsuya Co., Ltd. (b) | 107,400 | 1,222,593 | |||
Mazda Motor Corp. | 110,000 | 1,320,949 | |||
McDonald's Holdings Co. Japan, Ltd. | 5,600 | 246,018 | |||
MCUBS MidCity Investment Corp. REIT | 2,605 | 1,981,529 | |||
Mebuki Financial Group, Inc. | 157,400 | 544,598 | |||
Medipal Holdings Corp. | 111,799 | 2,333,719 | |||
MEIJI Holdings Co., Ltd. | 18,400 | 1,236,008 | |||
Meiko Network Japan Co., Ltd. (b) | 107,300 | 995,679 | |||
Metaps, Inc. (a) | 4,100 | 84,357 | |||
Milbon Co., Ltd. | 1,200 | 55,042 | |||
MINEBEA MITSUMI, Inc. | 57,700 | 1,046,459 | |||
MISUMI Group, Inc. | 52,600 | 1,361,483 | |||
Mitsubishi Chemical Holdings Corp. | 269,300 | 2,578,366 | |||
Mitsubishi Corp. | 326,738 | 10,070,958 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Mitsubishi Electric Corp. | 487,750 | $ 6,683,830 | |||
Mitsubishi Estate Co., Ltd. | 219,825 | 3,739,067 | |||
Mitsubishi Gas Chemical Co., Inc. | 50,300 | 1,071,230 | |||
Mitsubishi Heavy Industries, Ltd. | 51,410 | 1,985,611 | |||
Mitsubishi Logistics Corp. (b) | 4,500 | 116,318 | |||
Mitsubishi Materials Corp. | 17,100 | 511,111 | |||
Mitsubishi Motors Corp. (b) | 164,100 | 1,158,676 | |||
Mitsubishi Tanabe Pharma Corp. | 51,300 | 858,124 | |||
Mitsubishi UFJ Financial Group, Inc. | 2,252,224 | 14,060,413 | |||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 103,200 | 607,834 | |||
Mitsui & Co., Ltd. | 384,626 | 6,841,897 | |||
Mitsui Chemicals, Inc. | 27,110 | 678,078 | |||
Mitsui Fudosan Co., Ltd. | 167,100 | 3,955,909 | |||
Mitsui Mining & Smelting Co., Ltd. | 3,200 | 92,688 | |||
Mitsui OSK Lines, Ltd. (b) | 14,255 | 416,035 | |||
Miura Co., Ltd. (b) | 16,300 | 505,137 | |||
Mixi, Inc. | 2,100 | 50,399 | |||
Mizuho Financial Group, Inc. | 4,273,800 | 7,457,562 | |||
MonotaRO Co., Ltd. | 17,800 | 502,258 | |||
Mori Hills REIT Investment Corp. | 52 | 66,107 | |||
Morinaga & Co., Ltd. | 2,600 | 97,170 | |||
Morpho, Inc. (a)(b) | 5,800 | 183,827 | |||
MS&AD Insurance Group Holdings, Inc. | 109,799 | 3,667,539 | |||
Murata Manufacturing Co., Ltd. | 50,700 | 7,795,708 | |||
Musashino Bank, Ltd. | 54,755 | 1,581,163 | |||
Nabtesco Corp. | 15,000 | 398,820 | |||
Nachi-Fujikoshi Corp. | 1,500 | 73,821 | |||
Nagoya Railroad Co., Ltd. | 36,600 | 906,743 | |||
Nankai Electric Railway Co., Ltd. | 5,400 | 135,731 | |||
Nanto Bank, Ltd. | 54,555 | 1,384,228 | |||
NEC Corp. | 33,800 | 934,384 | |||
Nexon Co., Ltd. (a) | 94,200 | 1,231,562 | |||
NGK Insulators, Ltd. (b) | 54,100 | 892,577 | |||
NGK Spark Plug Co., Ltd. | 35,700 | 1,040,340 | |||
NH Foods, Ltd. | 13,000 | 480,125 | |||
NHK Spring Co., Ltd. | 50,900 | 529,233 | |||
Nichirei Corp. | 47,800 | 1,266,699 | |||
Nidec Corp. | 53,900 | 7,756,266 | |||
Nifco, Inc. | 5,000 | 134,481 | |||
Nihon M&A Center, Inc. | 7,400 | 222,160 | |||
Nikon Corp. | 109,200 | 2,052,577 | |||
Nintendo Co., Ltd. | 18,400 | 6,716,239 | |||
Nippon Accommodations Fund, Inc. REIT | 11 | 49,003 | |||
Nippon Building Fund, Inc. REIT | 163 | 942,827 | |||
Nippon Electric Glass Co., Ltd. (b) | 4,000 | 125,897 | |||
Nippon Express Co., Ltd. | 11,000 | 722,455 | |||
Nippon Paint Holdings Co., Ltd. (b) | 50,300 | 1,877,642 |
Security Description | Shares | Value | |||
Nippon Paper Industries Co., Ltd. | 4,200 | $ 77,318 | |||
Nippon Prologis REIT, Inc. | 482 | 954,367 | |||
Nippon Shinyaku Co., Ltd. | 8,600 | 564,071 | |||
Nippon Steel & Sumitomo Metal Corp. | 157,000 | 3,322,177 | |||
Nippon Suisan Kaisha, Ltd. | 333,300 | 2,171,431 | |||
Nippon Telegraph & Telephone Corp. | 110,100 | 4,974,541 | |||
Nippon Television Holdings, Inc. | 2,000 | 34,652 | |||
Nippon Yusen KK | 16,555 | 311,467 | |||
Nissan Chemical Corp. | 12,600 | 665,581 | |||
Nissan Motor Co., Ltd. | 428,141 | 4,008,698 | |||
Nissei ASB Machine Co., Ltd. (b) | 4,300 | 180,200 | |||
Nisshin Seifun Group, Inc. | 51,800 | 1,135,555 | |||
Nissin Foods Holdings Co., Ltd. | 10,400 | 715,094 | |||
Nitori Holdings Co., Ltd. | 9,800 | 1,405,916 | |||
Nitto Denko Corp. | 50,000 | 3,748,734 | |||
NOF Corp. | 11,300 | 381,525 | |||
NOK Corp. (b) | 5,700 | 97,906 | |||
Nomura Holdings, Inc. | 660,085 | 3,153,833 | |||
Nomura Real Estate Holdings, Inc. | 6,000 | 121,178 | |||
Nomura Real Estate Master Fund, Inc. REIT | 581 | 793,865 | |||
Nomura Research Institute, Ltd. | 16,100 | 813,611 | |||
NSK, Ltd. | 58,400 | 669,426 | |||
NTN Corp. (b) | 91,300 | 373,769 | |||
NTT Data Corp. | 218,800 | 3,030,087 | |||
NTT DOCOMO, Inc. | 215,700 | 5,801,501 | |||
Obayashi Corp. | 111,350 | 1,054,828 | |||
Obic Co., Ltd. | 8,000 | 757,142 | |||
Odakyu Electric Railway Co., Ltd. (b) | 56,799 | 1,344,154 | |||
Ogaki Kyoritsu Bank, Ltd. | 16,555 | 424,132 | |||
Oji Holdings Corp. | 126,000 | 915,174 | |||
Oki Electric Industry Co., Ltd. | 3,600 | 47,320 | |||
Olympus Corp. | 55,600 | 2,170,938 | |||
Omron Corp. | 49,900 | 2,108,729 | |||
OncoTherapy Science, Inc. (a)(b) | 90,300 | 128,790 | |||
Ono Pharmaceutical Co., Ltd. | 104,500 | 2,957,851 | |||
Oracle Corp. Japan | 1,900 | 153,224 | |||
Oriental Land Co., Ltd. | 52,600 | 5,501,501 | |||
ORIX Corp. | 218,900 | 3,549,886 | |||
Orix JREIT, Inc. REIT | 467 | 729,373 | |||
Osaka Gas Co., Ltd. | 65,900 | 1,285,684 | |||
Otsuka Corp. | 13,200 | 492,741 | |||
Otsuka Holdings Co., Ltd. | 105,300 | 5,309,267 | |||
Otsuka Kagu, Ltd. | 700 | 1,775 | |||
Panasonic Corp. | 399,850 | 4,659,079 | |||
Park24 Co., Ltd. | 5,100 | 154,233 | |||
PeptiDream, Inc. (a) | 11,300 | 450,667 | |||
Pigeon Corp. | 50,700 | 2,856,715 | |||
Pola Orbis Holdings, Inc. | 4,800 | 175,375 | |||
Rakuten, Inc. | 111,600 | 855,582 | |||
Raysum Co., Ltd. (b) | 3,300 | 46,427 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Recruit Holdings Co., Ltd. | 268,900 | $ 8,977,143 | |||
Relo Group, Inc. | 10,000 | 294,053 | |||
Renesas Electronics Corp. (a) | 51,100 | 319,417 | |||
ReproCELL, Inc. (a)(b) | 110,800 | 238,993 | |||
Resona Holdings, Inc. | 379,800 | 2,134,316 | |||
Ricoh Co., Ltd. | 107,800 | 1,157,864 | |||
Ringer Hut Co., Ltd. (b) | 900 | 19,064 | |||
Rinnai Corp. | 5,100 | 388,837 | |||
Riso Kyoiku Co., Ltd. (b) | 60,306 | 489,520 | |||
Rock Field Co., Ltd. | 106,600 | 1,765,326 | |||
Rohm Co., Ltd. | 12,300 | 896,632 | |||
Rohto Pharmaceutical Co., Ltd. | 5,901 | 207,290 | |||
Ryohin Keikaku Co., Ltd. | 2,500 | 743,936 | |||
San-In Godo Bank, Ltd. | 48,850 | 429,214 | |||
Sankyu, Inc. | 7,300 | 410,037 | |||
Sanrio Co., Ltd. | 3,900 | 79,075 | |||
Santen Pharmaceutical Co., Ltd. | 58,500 | 927,574 | |||
Sanwa Holdings Corp. | 49,100 | 584,869 | |||
Sawai Pharmaceutical Co., Ltd. (b) | 1,600 | 86,349 | |||
SBI Holdings, Inc. | 49,700 | 1,544,579 | |||
SCREEN Holdings Co., Ltd. | 2,800 | 163,684 | |||
Secom Co., Ltd. | 54,948 | 4,480,595 | |||
Sega Sammy Holdings, Inc. | 37,000 | 545,627 | |||
Seibu Holdings, Inc. | 50,600 | 910,118 | |||
Seiko Epson Corp. | 58,800 | 1,003,252 | |||
Seino Holdings Co., Ltd. | 49,800 | 752,798 | |||
Sekisui Chemical Co., Ltd. | 57,600 | 1,062,901 | |||
Sekisui House Reit, Inc. | 952 | 602,622 | |||
Sekisui House, Ltd. | 109,200 | 1,665,616 | |||
Seria Co., Ltd. (b) | 3,800 | 134,490 | |||
Seven & i Holdings Co., Ltd. | 164,128 | 7,311,596 | |||
Seven Bank, Ltd. (b) | 112,700 | 356,203 | |||
Sharp Corp. | 14,200 | 288,663 | |||
Shiga Bank, Ltd. (b) | 2,310 | 59,466 | |||
Shikoku Bank, Ltd. | 1,820 | 22,224 | |||
Shikoku Electric Power Co., Inc. (b) | 49,900 | 651,509 | |||
Shimadzu Corp. | 55,600 | 1,742,624 | |||
Shimamura Co., Ltd. | 1,400 | 132,870 | |||
Shimano, Inc. | 10,300 | 1,660,369 | |||
Shimizu Corp. | 107,913 | 985,216 | |||
Shin-Etsu Chemical Co., Ltd. | 64,117 | 5,681,539 | |||
Shinsei Bank, Ltd. | 5,200 | 85,015 | |||
Shionogi & Co., Ltd. | 54,500 | 3,562,160 | |||
Shiseido Co., Ltd. | 63,300 | 4,903,611 | |||
Shizuoka Bank, Ltd. | 97,600 | 876,454 | |||
Showa Denko KK | 13,100 | 723,132 | |||
Showa Shell Sekiyu KK | 37,600 | 796,788 | |||
SMC Corp. | 10,300 | 3,297,161 | |||
SMS Co., Ltd. | 95,600 | 1,902,994 | |||
SoftBank Group Corp. | 154,436 | 15,595,201 | |||
Sohgo Security Services Co., Ltd. | 12,200 | 536,506 | |||
Sojitz Corp. | 214,600 | 774,627 | |||
Sompo Holdings, Inc. | 110,200 | 4,694,791 | |||
Sony Corp. | 217,020 | 13,309,516 | |||
Sony Financial Holdings, Inc. | 47,100 | 1,038,327 |
Security Description | Shares | Value | |||
Sotetsu Holdings, Inc. | 11,800 | $ 394,770 | |||
Square Enix Holdings Co., Ltd. | 11,100 | 459,304 | |||
Stanley Electric Co., Ltd. | 41,973 | 1,435,622 | |||
Start Today Co., Ltd. | 50,900 | 1,541,542 | |||
Starts Proceed Investment Corp. REIT | 51 | 76,959 | |||
Subaru Corp. | 109,700 | 3,360,972 | |||
SUMCO Corp. (b) | 47,800 | 693,528 | |||
Sumitomo Chemical Co., Ltd. | 547,550 | 3,205,712 | |||
Sumitomo Corp. | 279,275 | 4,658,067 | |||
Sumitomo Dainippon Pharma Co., Ltd. (b) | 5,300 | 121,739 | |||
Sumitomo Electric Industries, Ltd. | 168,320 | 2,640,721 | |||
Sumitomo Forestry Co., Ltd. (b) | 46,800 | 813,752 | |||
Sumitomo Heavy Industries, Ltd. | 14,800 | 528,362 | |||
Sumitomo Metal Mining Co., Ltd. | 36,200 | 1,270,354 | |||
Sumitomo Mitsui Financial Group, Inc. | 221,400 | 8,939,036 | |||
Sumitomo Mitsui Trust Holdings, Inc. | 105,455 | 4,341,309 | |||
Sumitomo Realty & Development Co., Ltd. | 73,000 | 2,622,177 | |||
Sumitomo Rubber Industries, Ltd. (b) | 50,400 | 756,544 | |||
Sun Corp. (b) | 3,000 | 16,877 | |||
Sun Frontier Fudousan Co., Ltd. | 3,100 | 35,480 | |||
Sundrug Co., Ltd. | 3,900 | 139,231 | |||
Suntory Beverage & Food, Ltd. | 11,100 | 470,053 | |||
Suruga Bank, Ltd. (b) | 49,500 | 247,533 | |||
Suzuken Co., Ltd. | 11,800 | 559,951 | |||
Suzuki Motor Corp. | 68,200 | 3,907,608 | |||
Sysmex Corp. | 40,500 | 3,487,168 | |||
T&D Holdings, Inc. | 164,500 | 2,715,477 | |||
Tabuchi Electric Co., Ltd. (a)(b) | 1,400 | 2,933 | |||
Tadano, Ltd. | 5,200 | 60,476 | |||
Taiheiyo Cement Corp. | 17,700 | 555,535 | |||
Taisei Corp. | 40,687 | 1,855,515 | |||
Taisho Pharmaceutical Holdings Co., Ltd. | 6,300 | 770,410 | |||
Taiyo Nippon Sanso Corp. | 49,100 | 734,868 | |||
Taiyo Yuden Co., Ltd. (b) | 60,000 | 1,349,122 | |||
Takashimaya Co., Ltd. | 10,500 | 177,396 | |||
Takeda Pharmaceutical Co., Ltd. (b) | 153,365 | 6,563,431 | |||
Takeuchi Manufacturing Co., Ltd. (b) | 57,200 | 1,543,496 | |||
TDK Corp. | 16,955 | 1,849,474 | |||
Teijin, Ltd. | 110,310 | 2,116,173 | |||
Temp Holdings Co., Ltd. | 41,800 | 980,737 | |||
Terumo Corp. | 55,100 | 3,264,718 | |||
THK Co., Ltd. | 14,200 | 361,548 | |||
TIS, Inc. | 9,700 | 485,064 | |||
Tobu Railway Co., Ltd. | 18,100 | 535,423 | |||
Toho Bank, Ltd. | 12,101 | 44,852 | |||
Toho Co., Ltd. | 49,000 | 1,537,923 | |||
Toho Gas Co., Ltd. | 4,400 | 167,152 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Tohoku Electric Power Co., Inc. | 107,200 | $ 1,455,319 | |||
Tokai Carbon Co., Ltd. (b) | 49,700 | 976,191 | |||
Tokio Marine Holdings, Inc. | 157,265 | 7,804,752 | |||
Tokuyama Corp. (b) | 9,100 | 247,559 | |||
Tokyo Base Co., Ltd. (a)(b) | 17,000 | 96,536 | |||
Tokyo Century Corp. (b) | 6,500 | 404,015 | |||
Tokyo Dome Corp. | 114,600 | 1,003,891 | |||
Tokyo Electric Power Co. Holdings, Inc. (a) | 219,375 | 1,077,706 | |||
Tokyo Electron, Ltd. | 39,355 | 5,408,562 | |||
Tokyo Gas Co., Ltd. | 43,995 | 1,081,622 | |||
Tokyo Tatemono Co., Ltd. | 48,900 | 596,693 | |||
Tokyu Corp. | 71,775 | 1,313,100 | |||
Tokyu Fudosan Holdings Corp. | 59,100 | 412,090 | |||
Toppan Printing Co., Ltd. | 38,500 | 618,590 | |||
Toray Industries, Inc. | 529,550 | 3,979,143 | |||
Toshiba Corp. (a) | 100,251 | 2,899,375 | |||
Tosoh Corp. | 45,800 | 705,639 | |||
TOTO, Ltd. (b) | 34,000 | 1,411,366 | |||
Toyo Seikan Group Holdings, Ltd. | 47,800 | 991,897 | |||
Toyo Suisan Kaisha, Ltd. | 12,300 | 477,013 | |||
Toyo Tire & Rubber Co., Ltd. (b) | 48,900 | 881,263 | |||
Toyota Industries Corp. | 49,600 | 2,934,472 | |||
Toyota Motor Corp. | 445,988 | 27,858,299 | |||
Toyota Tsusho Corp. | 49,000 | 1,850,684 | |||
Traders Holdings Co., Ltd. (a) | 2,100 | 1,276 | |||
Trend Micro, Inc. | 10,000 | 643,571 | |||
Tsumura & Co. (b) | 3,500 | 120,791 | |||
Tsuruha Holdings, Inc. | 4,200 | 517,304 | |||
Ube Industries, Ltd. | 5,200 | 141,462 | |||
Ubiquitous AI Corp. (a) | 32,300 | 269,013 | |||
Ulvac, Inc. (b) | 2,600 | 97,627 | |||
Unicharm Corp. | 57,400 | 1,899,099 | |||
United Urban Investment Corp. REIT | 532 | 835,107 | |||
USS Co., Ltd. | 50,410 | 935,992 | |||
Warabeya Nichiyo Holdings Co., Ltd. | 55,000 | 973,280 | |||
Welcia Holdings Co., Ltd. | 6,500 | 368,535 | |||
West Japan Railway Co. | 48,900 | 3,410,106 | |||
WirelessGate, Inc. | 8,600 | 50,047 | |||
Yahoo! Japan Corp. | 169,200 | 609,260 | |||
Yakult Honsha Co., Ltd. | 47,400 | 3,885,143 | |||
Yamada Denki Co., Ltd. (b) | 278,080 | 1,407,721 | |||
Yamagata Bank, Ltd. (b) | 1,634 | 35,288 | |||
Yamaguchi Financial Group, Inc. (b) | 12,000 | 130,792 | |||
Yamaha Corp. | 50,600 | 2,681,798 | |||
Yamaha Motor Co., Ltd. | 51,700 | 1,449,703 | |||
Yamanashi Chuo Bank, Ltd. | 1,510 | 27,146 | |||
Yamato Holdings Co., Ltd. (b) | 55,600 | 1,707,380 | |||
Yamazaki Baking Co., Ltd. | 49,800 | 997,008 | |||
Yaskawa Electric Corp. | 50,500 | 1,500,528 | |||
Yokogawa Electric Corp. | 50,200 | 1,062,029 | |||
Yokohama Rubber Co., Ltd. | 6,300 | 135,834 | |||
Zenrin Co., Ltd. (b) | 2,100 | 65,079 |
Security Description | Shares | Value | |||
Zeon Corp. | 37,600 | $ 395,911 | |||
798,942,769 | |||||
JORDAN — 0.0% (d) | |||||
Hikma Pharmaceuticals PLC | 23,470 | 566,212 | |||
LUXEMBOURG — 0.2% | |||||
APERAM SA | 7,634 | 350,153 | |||
ArcelorMittal | 87,720 | 2,730,565 | |||
Eurofins Scientific SE | 1,629 | 925,228 | |||
Millicom International Cellular SA SDR | 9,871 | 566,629 | |||
SES SA | 56,600 | 1,242,503 | |||
Tenaris SA | 63,012 | 1,056,109 | |||
6,871,187 | |||||
MACAU — 0.0% (d) | |||||
MGM China Holdings, Ltd. (b) | 21,600 | 34,229 | |||
Wynn Macau, Ltd. | 208,400 | 479,393 | |||
513,622 | |||||
MALTA — 0.0% (d) | |||||
Catena Media PLC (a)(b) | 35,041 | 330,977 | |||
Kindred Group PLC | 37,773 | 423,891 | |||
754,868 | |||||
MEXICO — 0.0% (d) | |||||
Fresnillo PLC | 33,382 | 357,570 | |||
NETHERLANDS — 3.7% | |||||
Aalberts Industries NV | 15,731 | 670,200 | |||
ABN AMRO Group NV (e) | 68,008 | 1,852,345 | |||
Aegon NV | 419,145 | 2,720,444 | |||
Akzo Nobel NV | 62,733 | 5,868,495 | |||
ALTICE EUROPE NV (a) | 52,731 | 142,277 | |||
ASML Holding NV | 72,212 | 13,495,360 | |||
ASR Nederland NV | 24,605 | 1,173,441 | |||
Constellium NV Class A (a) | 13,673 | 168,862 | |||
EXOR NV | 16,346 | 1,097,763 | |||
Fugro NV ADR (a)(b) | 22,382 | 295,712 | |||
Gemalto NV (a)(c) | 7,534 | 439,286 | |||
Heineken Holding NV | 15,922 | 1,442,485 | |||
Heineken NV | 36,647 | 3,437,588 | |||
ING Groep NV | 694,668 | 9,023,884 | |||
Koninklijke Ahold Delhaize NV | 268,466 | 6,158,507 | |||
Koninklijke DSM NV | 50,046 | 5,303,636 | |||
Koninklijke KPN NV | 770,431 | 2,033,111 | |||
Koninklijke Philips NV | 153,925 | 7,014,583 | |||
NN Group NV | 54,358 | 2,426,347 | |||
NXP Semiconductors NV | 55,676 | 4,760,298 | |||
OCI NV (a) | 6,591 | 210,754 | |||
Pharming Group NV (a)(b) | 74,368 | 85,083 | |||
PostNL NV | 146,532 | 524,206 | |||
Randstad NV | 10,858 | 579,880 | |||
Royal Dutch Shell PLC Class A | 751,391 | 25,833,775 | |||
Royal Dutch Shell PLC Class B | 616,046 | 21,602,203 | |||
SBM Offshore NV | 70,173 | 1,270,677 | |||
Signify NV (e) | 24,639 | 638,186 | |||
Wolters Kluwer NV | 51,016 | 3,180,812 | |||
123,450,200 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
NEW ZEALAND — 0.2% | |||||
a2 Milk Co., Ltd. (a) | 274,106 | $ 2,046,152 | |||
Air New Zealand, Ltd. | 210,868 | 431,967 | |||
Auckland International Airport, Ltd. | 93,455 | 452,279 | |||
Fisher & Paykel Healthcare Corp., Ltd. | 114,673 | 1,144,138 | |||
Fletcher Building, Ltd. (a) | 72,534 | 314,485 | |||
Goodman Property Trust REIT (b) | 390,356 | 399,825 | |||
Infratil, Ltd. | 166,949 | 394,570 | |||
Investore Property, Ltd. | 875 | 893 | |||
Kiwi Property Group, Ltd. | 442,419 | 407,690 | |||
Spark New Zealand, Ltd. | 300,874 | 807,831 | |||
Stride Property Group | 256,572 | 331,684 | |||
Vital Healthcare Property Trust REIT (b) | 354,590 | 497,185 | |||
Xero, Ltd. (a) | 33 | 1,170 | |||
7,229,869 | |||||
NORWAY — 0.8% | |||||
Akastor ASA (a) | 23,450 | 50,912 | |||
Aker Solutions ASA (a) | 23,450 | 166,733 | |||
Asetek A/S (a)(b) | 11,594 | 95,961 | |||
Crayon Group Holding ASA (a)(e) | 147 | 325 | |||
DNB ASA | 202,021 | 4,248,412 | |||
DNO ASA | 133,971 | 276,800 | |||
Equinor ASA | 195,963 | 5,522,762 | |||
Marine Harvest ASA | 57,812 | 1,338,579 | |||
Nordic Nanovector ASA (a)(b) | 15,904 | 101,361 | |||
Norsk Hydro ASA | 338,893 | 2,033,366 | |||
Orkla ASA | 324,692 | 2,741,618 | |||
Schibsted ASA Class A | 11,561 | 433,859 | |||
Schibsted ASA Class B | 11,401 | 394,813 | |||
Storebrand ASA | 187,834 | 1,676,904 | |||
Targovax AS (a) | 1,332 | 1,783 | |||
Telenor ASA | 172,212 | 3,364,598 | |||
TGS Nopec Geophysical Co. ASA | 19,097 | 777,876 | |||
Yara International ASA | 56,723 | 2,784,152 | |||
26,010,814 | |||||
PORTUGAL — 0.2% | |||||
Banco Comercial Portugues SA Class R (a) | 1,406,958 | 416,716 | |||
EDP - Energias de Portugal SA | 577,209 | 2,130,620 | |||
Galp Energia SGPS SA | 70,318 | 1,395,814 | |||
Jeronimo Martins SGPS SA | 40,490 | 596,565 | |||
Mota-Engil SGPS SA (a) | 91,069 | 222,131 | |||
NOS SGPS SA | 215,841 | 1,293,608 | |||
Pharol SGPS SA (a)(b) | 249,639 | 51,322 | |||
6,106,776 | |||||
SINGAPORE — 1.1% | |||||
AIMS AMP Capital Industrial REIT | 491,198 | 503,295 | |||
Ascendas Hospitality Trust | 707,400 | 424,538 | |||
Ascendas Real Estate Investment Trust | 334,015 | 645,369 |
Security Description | Shares | Value | |||
Cache Logistics Trust REIT | 657,229 | $ 353,543 | |||
CapitaLand Mall Trust REIT | 383,400 | 622,936 | |||
CapitaLand, Ltd. | 1,095,000 | 2,700,736 | |||
China New Town Development Co., Ltd. (f) | 1,443,800 | 40,592 | |||
City Developments, Ltd. | 103,800 | 692,076 | |||
ComfortDelGro Corp., Ltd. | 334,100 | 594,184 | |||
COSCO Shipping International Singapore Co., Ltd. (a)(b) | 1,590,800 | 483,172 | |||
DBS Group Holdings, Ltd. | 321,892 | 6,146,421 | |||
Genting Singapore, Ltd. | 2,219,864 | 1,722,147 | |||
IGG, Inc. | 52,000 | 64,793 | |||
Jardine Cycle & Carriage, Ltd. | 3,333 | 78,035 | |||
Keppel REIT | 160,109 | 139,444 | |||
Keppel Corp., Ltd. | 555,175 | 2,827,985 | |||
Lippo Malls Indonesia Retail Trust REIT | 3,284,700 | 625,039 | |||
Oversea-Chinese Banking Corp., Ltd. | 593,137 | 4,966,141 | |||
Sembcorp Industries, Ltd. | 160,400 | 362,745 | |||
Singapore Airlines, Ltd. | 170,756 | 1,217,231 | |||
Singapore Exchange, Ltd. | 158,500 | 854,938 | |||
Singapore Press Holdings, Ltd. (b) | 272,000 | 571,332 | |||
Singapore Technologies Engineering, Ltd. | 116,400 | 303,278 | |||
Singapore Telecommunications, Ltd. | 1,312,800 | 3,113,018 | |||
Soilbuild Business Space REIT | 931,900 | 409,222 | |||
United Overseas Bank, Ltd. | 214,308 | 4,247,419 | |||
UOL Group, Ltd. | 108,354 | 546,389 | |||
Wilmar International, Ltd. | 545,000 | 1,284,371 | |||
36,540,389 | |||||
SOUTH AFRICA — 0.0% (d) | |||||
Investec PLC | 95,100 | 669,185 | |||
SOUTH KOREA — 4.9% | |||||
Advanced Process Systems Corp. (a) | 6,141 | 143,387 | |||
Alteogen, Inc. (a)(b) | 4,785 | 166,078 | |||
Amorepacific Corp. | 5,153 | 1,212,471 | |||
AMOREPACIFIC Group | 4,809 | 404,489 | |||
Anterogen Co., Ltd. (a) | 1,097 | 90,490 | |||
APS Holdings Corp. (a) | 2,326 | 11,239 | |||
Asiana Airlines, Inc. (a) | 122,771 | 483,115 | |||
BNK Financial Group, Inc. | 52,127 | 404,140 | |||
Celltrion Healthcare Co., Ltd. (a)(b) | 7,330 | 609,264 | |||
Celltrion, Inc. (a)(b) | 15,510 | 4,152,779 | |||
CJ CGV Co., Ltd. | 19,237 | 900,068 | |||
CJ CheilJedang Corp. | 1,990 | 598,301 | |||
CJ E&M Co., Ltd. | 2,468 | 551,782 | |||
CMG Pharmaceutical Co., Ltd. (a) | 26,757 | 139,182 | |||
CORESTEM, Inc. (a) | 9,489 | 158,685 | |||
Coway Co., Ltd. | 6,378 | 499,085 | |||
Crown Confectionery Co., Ltd. | 11,968 | 124,077 | |||
CROWNHAITAI Holdings Co., Ltd. | 9,908 | 126,837 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
CUROCOM Co., Ltd. (a)(b) | 27,826 | $ 60,958 | |||
Dae Han Flour Mills Co., Ltd. | 6,972 | 1,143,930 | |||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. (a) | 499 | 15,587 | |||
DB Insurance Co., Ltd. | 10,761 | 706,244 | |||
Deutsch Motors, Inc. (a) | 21,808 | 101,446 | |||
Digitech Systems Co., Ltd. (a)(g) | 19,094 | — | |||
DIO Corp. (a) | 4,407 | 127,929 | |||
Dongkuk Industries Co., Ltd. | 252,687 | 708,458 | |||
Dongwon F&B Co., Ltd. | 3,733 | 1,001,188 | |||
Dongwon Industries Co., Ltd. | 4,238 | 1,142,359 | |||
DY Corp. | 35,697 | 181,824 | |||
E-MART, Inc. | 2,713 | 507,503 | |||
Eyegene, Inc. (a) | 6,878 | 157,495 | |||
GS Engineering & Construction Corp. | 14,071 | 663,433 | |||
GS Holdings Corp. | 11,388 | 565,678 | |||
GS Home Shopping, Inc. | 3,704 | 676,187 | |||
GY Commerce Co., Ltd. (a)(f) | 32,705 | 66,339 | |||
Hana Financial Group, Inc. | 41,939 | 1,684,365 | |||
Hana Tour Service, Inc. | 12,868 | 857,287 | |||
Hancom, Inc. | 28,634 | 410,440 | |||
Hankook Shell Oil Co., Ltd. | 1,570 | 484,057 | |||
Hankook Tire Co., Ltd. | 6,768 | 305,681 | |||
Hanmi Pharm Co., Ltd. | 1,292 | 582,375 | |||
Hanmi Science Co., Ltd. | 6,844 | 541,720 | |||
Hanssem Co., Ltd. | 7,574 | 523,028 | |||
Harim Co., Ltd. (a)(b) | 150,953 | 415,061 | |||
HDC Hyundai Engineering Plastics Co., Ltd. | 180,161 | 940,394 | |||
HLB, Inc. (a) | 3,020 | 326,979 | |||
Hotel Shilla Co., Ltd. | 15,481 | 1,514,256 | |||
HS Industries Co., Ltd. | 25,701 | 195,552 | |||
Huons Co., Ltd. | 10,290 | 918,377 | |||
Huons Global Co., Ltd. | 7,472 | 371,158 | |||
Hyundai Construction Equipment Co., Ltd. (a) | 379 | 41,855 | |||
Hyundai Electric & Energy System Co., Ltd. (a) | 325 | 20,246 | |||
Hyundai Elevator Co., Ltd. (b) | 9,684 | 973,420 | |||
Hyundai Engineering & Construction Co., Ltd. | 11,655 | 709,229 | |||
Hyundai Glovis Co., Ltd. | 2,083 | 244,120 | |||
Hyundai Heavy Industries Co., Ltd. (a) | 4,233 | 513,264 | |||
Hyundai Heavy Industries Holdings Co., Ltd. (a) | 2,695 | 983,976 | |||
Hyundai Hy Communications & Network Co., Ltd. | 178,182 | 670,642 | |||
Hyundai Mobis Co., Ltd. | 11,192 | 2,300,452 | |||
Hyundai Motor Co. | 24,812 | 2,896,691 | |||
Hyundai Motor Co. Preference Shares | 4,153 | 317,114 | |||
Hyundai Steel Co. | 13,835 | 704,690 | |||
Industrial Bank of Korea | 43,160 | 593,365 | |||
Infinitt Healthcare Co., Ltd. (a)(b) | 58,042 | 418,080 | |||
Inscobee, Inc. (a) | 13,238 | 110,869 |
Security Description | Shares | Value | |||
Interpark Holdings Corp. | 25,718 | $ 57,963 | |||
Jeil Pharma Holdings, Inc. | 284 | 8,116 | |||
Jeil Pharmaceutical Co., Ltd. | 1,436 | 76,768 | |||
Jenax, Inc. (a)(b) | 61,365 | 1,515,800 | |||
JoyCity Corp. (a) | 9,092 | 109,833 | |||
Kakao Corp. | 6,347 | 680,904 | |||
Kangstem Biotech Co., Ltd. (a) | 6,336 | 125,378 | |||
Kangwon Land, Inc. | 14,020 | 362,744 | |||
KB Financial Group, Inc. | 94,531 | 4,618,959 | |||
KCC Corp. | 509 | 155,556 | |||
Kia Motors Corp. | 35,847 | 1,134,307 | |||
Kiwi Media Group Co., Ltd. (a) | 128,567 | 49,955 | |||
KIWOOM Securities Co., Ltd. (b) | 28,397 | 2,496,018 | |||
Koh Young Technology, Inc. | 46,242 | 4,543,951 | |||
Korea Aerospace Industries, Ltd. (a) | 8,228 | 260,359 | |||
Korea Electric Power Corp. ADR (b) | 126,689 | 1,668,494 | |||
Korea Investment Holdings Co., Ltd. | 9,229 | 633,155 | |||
Korea Zinc Co., Ltd. | 2,193 | 861,977 | |||
Korean Air Lines Co., Ltd. | 14,508 | 367,523 | |||
KT Corp. ADR | 119,031 | 1,767,610 | |||
KT&G Corp. | 20,415 | 1,914,050 | |||
KyungDong City Gas Co., Ltd. | 2,790 | 105,387 | |||
LG Chem, Ltd. | 7,041 | 2,320,023 | |||
LG Chem, Ltd. Preference Shares | 3,159 | 580,965 | |||
LG Display Co., Ltd. ADR (b) | 164,503 | 1,426,241 | |||
LG Display Co., Ltd. | 35,357 | 608,807 | |||
LG Electronics, Inc. | 20,328 | 1,301,139 | |||
LG Household & Health Care, Ltd. | 1,621 | 1,864,680 | |||
LG Uplus Corp. | 37,423 | 617,391 | |||
Lotte Chemical Corp. | 2,179 | 546,100 | |||
Lotte Corp. (a) | 12,789 | 658,329 | |||
Lotte Food Co., Ltd. (b) | 1,097 | 820,834 | |||
Lotte Shopping Co., Ltd. | 2,177 | 411,162 | |||
Medifron DBT Co., Ltd. (a)(b) | 22,763 | 139,748 | |||
Medy-Tox, Inc. | 2,724 | 1,520,087 | |||
Mirae Asset Daewoo Co., Ltd. | 64,213 | 490,317 | |||
Modetour Network, Inc. | 67,542 | 1,531,378 | |||
Muhak Co., Ltd. | 39,764 | 550,261 | |||
NAVER Corp. | 5,313 | 3,429,441 | |||
NCSoft Corp. | 2,668 | 1,064,314 | |||
Netmarble Corp. (b)(e) | 10,249 | 1,062,551 | |||
Nexon GT Co., Ltd. (a)(b) | 31,895 | 243,831 | |||
NHN Entertainment Corp. (a) | 1,084 | 59,807 | |||
NSN Co., Ltd. (a) | 13,093 | 25,732 | |||
OCI Co., Ltd. | 2,130 | 211,224 | |||
Orientbio, Inc. (a) | 32,455 | 37,597 | |||
Orion Corp/Republic of Korea | 2,642 | 251,279 | |||
Orion Holdings Corp. | 676 | 11,488 | |||
Ottogi Corp. | 1,123 | 756,260 | |||
Pharmicell Co., Ltd. (a) | 7,634 | 113,899 | |||
POSCO ADR | 77,111 | 5,089,326 | |||
Prostemics Co., Ltd. (a)(b) | 17,433 | 146,473 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
S-1 Corp. | 5,860 | $ 482,852 | |||
Sajo Industries Co., Ltd. | 24,711 | 1,401,237 | |||
Samsung Biologics Co., Ltd. (a)(e) | 2,612 | 1,257,433 | |||
Samsung C&T Corp. | 15,070 | 1,759,355 | |||
Samsung Electro-Mechanics Co., Ltd. | 9,048 | 1,133,804 | |||
Samsung Electronics Co., Ltd. GDR | 32,055 | 33,561,585 | |||
Samsung Electronics Co., Ltd. Preference Shares | 121,483 | 4,145,262 | |||
Samsung Engineering Co., Ltd. (a) | 21,041 | 366,095 | |||
Samsung Fire & Marine Insurance Co., Ltd. | 4,330 | 1,108,605 | |||
Samsung Heavy Industries Co., Ltd. (a) | 61,753 | 449,821 | |||
Samsung Life Insurance Co., Ltd. | 13,348 | 1,170,846 | |||
Samsung SDI Co., Ltd. | 9,666 | 2,252,568 | |||
Samsung SDS Co., Ltd. | 5,933 | 1,235,540 | |||
Shinhan Financial Group Co., Ltd. | 76,766 | 3,114,239 | |||
Shinsegae Food Co., Ltd. | 9,523 | 978,699 | |||
Shinsegae, Inc. | 1,644 | 537,255 | |||
SillaJen, Inc. (a) | 11,875 | 1,096,236 | |||
SK Bioland Co., Ltd. | 44,019 | 722,241 | |||
SK Holdings Co., Ltd. | 5,442 | 1,408,027 | |||
SK Hynix, Inc. | 93,560 | 6,165,640 | |||
SK Innovation Co., Ltd. | 19,781 | 3,834,046 | |||
SK Telecom Co., Ltd. ADR | 99,217 | 2,766,170 | |||
S-Oil Corp. | 6,463 | 798,225 | |||
Sonokong Co., Ltd. (a) | 13,472 | 34,189 | |||
Straffic Co., Ltd. | 8,519 | 119,039 | |||
SundayToz Corp. (a) | 4,362 | 83,170 | |||
TOBESOFT Co., Ltd. (a)(b) | 12,173 | 89,768 | |||
ViroMed Co., Ltd. (a) | 1,018 | 220,991 | |||
WillBes & Co (a) | 32,835 | 44,106 | |||
Wonpung Mulsan Co., Ltd. (a) | 34,180 | 126,798 | |||
Woori Bank | 87,899 | 1,339,187 | |||
Youlchon Chemical Co., Ltd. | 36,369 | 431,149 | |||
Yungjin Pharmaceutical Co., Ltd. (a) | 15,263 | 115,995 | |||
165,926,434 | |||||
SPAIN — 2.4% | |||||
Abertis Infraestructuras SA (b)(f) | 1,675 | 35,720 | |||
Acciona SA | 4,388 | 397,845 | |||
Acerinox SA | 24,016 | 343,661 | |||
ACS Actividades de Construccion y Servicios SA | 35,250 | 1,501,784 | |||
Aena SME SA (e) | 12,490 | 2,168,816 | |||
Amadeus IT Group SA | 75,663 | 7,032,361 | |||
Atresmedia Corp. de Medios de Comunicacion SA (b) | 38,515 | 239,333 | |||
Banco Bilbao Vizcaya Argentaria SA | 1,146,963 | 7,313,762 | |||
Banco de Sabadell SA | 809,273 | 1,258,620 |
Security Description | Shares | Value | |||
Banco Santander SA | 2,667,539 | $ 13,432,876 | |||
Bankia SA | 126,244 | 495,177 | |||
Bankinter SA | 138,742 | 1,278,232 | |||
Bolsas y Mercados Espanoles SHMSF SA | 10,780 | 348,584 | |||
CaixaBank SA | 590,314 | 2,700,088 | |||
Cellnex Telecom SA (e) | 25,157 | 661,245 | |||
Distribuidora Internacional de Alimentacion SA (b) | 129,627 | 301,123 | |||
Ebro Foods SA | 17,455 | 381,353 | |||
Enagas SA | 38,351 | 1,035,664 | |||
Endesa SA | 52,193 | 1,128,178 | |||
Faes Farma SA | 47,949 | 202,722 | |||
Ferrovial SA | 75,207 | 1,560,996 | |||
Grifols SA | 69,261 | 1,951,635 | |||
Grifols SA ADR | 42,739 | 913,332 | |||
Grifols SA Class B, Preference Shares | 252 | 5,339 | |||
Iberdrola SA | 1,064,875 | 7,839,167 | |||
Indra Sistemas SA (a) | 84,519 | 970,398 | |||
Industria de Diseno Textil SA (b) | 187,776 | 5,694,636 | |||
Inmobiliaria Colonial Socimi SA REIT | 49,458 | 514,137 | |||
Let's GOWEX SA (a)(b)(g) | 4,019 | — | |||
Mapfre SA | 162,634 | 510,406 | |||
Mediaset Espana Comunicacion SA | 33,944 | 247,989 | |||
Merlin Properties Socimi SA REIT | 53,284 | 723,177 | |||
Naturgy Energy Group SA | 60,834 | 1,661,185 | |||
NH Hotel Group SA | 133,466 | 974,305 | |||
Pharma Mar SA (a)(b) | 178,508 | 315,567 | |||
Red Electrica Corp. SA | 73,323 | 1,536,370 | |||
Repsol SA | 246,097 | 4,906,470 | |||
Sacyr SA (b) | 90,594 | 265,693 | |||
Siemens Gamesa Renewable Energy SA (a)(b) | 37,754 | 477,979 | |||
Telefonica SA | 779,317 | 6,171,492 | |||
Viscofan SA | 7,109 | 518,546 | |||
80,015,963 | |||||
SWEDEN — 2.7% | |||||
Alfa Laval AB | 140,860 | 3,817,215 | |||
Arjo AB Class B | 12,526 | 42,325 | |||
Assa Abloy AB Class B | 167,527 | 3,365,346 | |||
Atlas Copco AB Class A | 108,007 | 3,111,523 | |||
Atlas Copco AB Class B | 66,194 | 1,765,158 | |||
Bilia AB Class A | 50,949 | 415,638 | |||
BillerudKorsnas AB (b) | 30,063 | 388,075 | |||
Boliden AB | 45,003 | 1,254,469 | |||
Castellum AB | 45,052 | 805,984 | |||
Dometic Group AB (e) | 48,933 | 428,904 | |||
Electrolux AB Class B | 81,729 | 1,801,251 | |||
Elekta AB Class B (b) | 44,029 | 591,875 | |||
Epiroc AB Class A (a) | 108,007 | 1,205,988 | |||
Epiroc AB Class B (a) | 66,194 | 681,054 | |||
Essity AB Class B | 100,295 | 2,519,442 | |||
Fabege AB | 46,211 | 639,862 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Fastighets AB Balder Class B (a) | 15,977 | $ 443,027 | |||
Getinge AB Class B | 17,002 | 195,768 | |||
Hennes & Mauritz AB Class B (b) | 172,411 | 3,184,094 | |||
Hexagon AB Class B | 43,866 | 2,569,850 | |||
Hexpol AB | 52,779 | 581,606 | |||
Holmen AB Class B | 16,384 | 426,126 | |||
Husqvarna AB Class B | 69,628 | 592,682 | |||
ICA Gruppen AB (b) | 13,083 | 414,857 | |||
Industrivarden AB Class A | 32,834 | 750,221 | |||
Industrivarden AB Class C | 27,758 | 616,449 | |||
Indutrade AB | 14,738 | 398,727 | |||
Intrum AB (b) | 12,078 | 313,861 | |||
Investor AB Class B | 68,035 | 3,141,948 | |||
JM AB | 13,744 | 269,681 | |||
Karo Pharma AB (b) | 238,917 | 848,938 | |||
Kinnevik AB Class B | 54,433 | 1,647,092 | |||
KNOW IT AB | 64,752 | 1,373,210 | |||
L E Lundbergforetagen AB Class B | 12,094 | 407,431 | |||
Loomis AB Class B | 11,988 | 385,797 | |||
Lundin Petroleum AB | 38,440 | 1,470,482 | |||
Modern Times Group MTG AB Class B | 2,610 | 95,675 | |||
NetEnt AB (a) | 240,185 | 973,223 | |||
Nibe Industrier AB Class B | 63,733 | 763,231 | |||
Nordea Bank AB | 538,919 | 5,869,619 | |||
Opus Group AB (b) | 249,010 | 179,200 | |||
Qliro Group AB (a)(b) | 194,582 | 280,500 | |||
SAAB AB Class B | 16,905 | 849,698 | |||
Sandvik AB | 260,119 | 4,614,062 | |||
Securitas AB Class B | 54,123 | 941,791 | |||
Skandinaviska Enskilda Banken AB Class A | 293,646 | 3,276,822 | |||
Skanska AB Class B | 67,577 | 1,326,358 | |||
SKF AB Class B | 61,778 | 1,218,096 | |||
Svenska Cellulosa AB SCA Class B | 83,381 | 944,145 | |||
Svenska Handelsbanken AB Class A | 251,544 | 3,174,989 | |||
Swedbank AB Class A | 174,075 | 4,312,140 | |||
Swedish Match AB | 26,760 | 1,369,113 | |||
Swedish Orphan Biovitrum AB (a) | 37,240 | 1,088,742 | |||
Tele2 AB Class B | 144,722 | 1,741,247 | |||
Telefonaktiebolaget LM Ericsson Class B | 582,879 | 5,169,961 | |||
Telia Co. AB | 428,366 | 1,966,210 | |||
Tethys Oil AB | 52,177 | 573,623 | |||
Trelleborg AB Class B | 41,035 | 836,324 | |||
Volvo AB Class A | 59,163 | 1,045,125 | |||
Volvo AB Class B | 267,679 | 4,728,598 | |||
90,204,448 | |||||
SWITZERLAND — 7.1% | |||||
ABB, Ltd. | 338,539 | 8,037,182 | |||
Adecco Group AG | 50,579 | 2,668,757 | |||
Aryzta AG (a)(b) | 6,149 | 58,796 | |||
Baloise Holding AG | 8,284 | 1,269,569 |
Security Description | Shares | Value | |||
Barry Callebaut AG | 497 | $ 946,376 | |||
Chocoladefabriken Lindt & Spruengli AG (c) | 42 | 295,823 | |||
Chocoladefabriken Lindt & Spruengli AG (c) | 12 | 988,943 | |||
Cie Financiere Richemont SA | 88,296 | 7,231,450 | |||
Clariant AG (a) | 48,290 | 1,262,619 | |||
Coca-Cola HBC AG (a) | 29,489 | 1,004,832 | |||
Comet Holding AG (a)(b) | 9,232 | 937,566 | |||
Credit Suisse Group AG (a) | 350,965 | 5,299,686 | |||
Dufry AG (a)(b) | 5,440 | 616,233 | |||
EMS-Chemie Holding AG | 1,108 | 663,575 | |||
Ferguson PLC | 57,583 | 4,892,184 | |||
Flughafen Zurich AG | 3,214 | 652,803 | |||
Geberit AG | 6,534 | 3,044,919 | |||
Georg Fischer AG | 584 | 663,636 | |||
Givaudan SA | 1,618 | 3,996,963 | |||
Glencore PLC (a) | 1,990,672 | 8,610,716 | |||
Idorsia, Ltd. | 16,494 | 417,416 | |||
Julius Baer Group, Ltd. (a) | 55,625 | 2,796,625 | |||
Kuehne + Nagel International AG | 20,296 | 3,230,987 | |||
LafargeHolcim, Ltd. (a)(c) | 98,247 | 4,873,124 | |||
LafargeHolcim, Ltd. (a)(c) | 1,638 | 80,896 | |||
Leonteq AG (a) | 7,698 | 400,740 | |||
Logitech International SA | 28,413 | 1,275,793 | |||
Lonza Group AG (a) | 11,476 | 3,935,770 | |||
Meyer Burger Technology AG (a)(b) | 21,259 | 15,126 | |||
Nestle SA | 512,116 | 42,896,531 | |||
Novartis AG | 434,482 | 37,541,237 | |||
Partners Group Holding AG | 3,212 | 2,559,932 | |||
PSP Swiss Property AG | 6,564 | 638,727 | |||
Roche Holding AG Bearer Shares | 4,366 | 1,067,364 | |||
Roche Holding AG | 123,410 | 30,037,600 | |||
Schindler Holding AG (c) | 7,604 | 1,904,114 | |||
Schindler Holding AG (c) | 3,867 | 937,455 | |||
SGS SA | 1,037 | 2,743,251 | |||
Sika AG (a)(c) | 9 | 1,317 | |||
Sika AG (c) | 28,707 | 4,199,662 | |||
Sonova Holding AG | 9,375 | 1,874,424 | |||
STMicroelectronics NV | 138,098 | 2,514,282 | |||
Straumann Holding AG | 1,665 | 1,257,954 | |||
Sulzer AG | 13,215 | 1,595,054 | |||
Swatch Group AG (c) | 5,082 | 2,030,615 | |||
Swatch Group AG (c) | 9,862 | 772,362 | |||
Swiss Life Holding AG (a) | 5,449 | 2,075,172 | |||
Swiss Prime Site AG (a) | 11,942 | 1,022,674 | |||
Swiss Re AG | 59,125 | 5,483,953 | |||
Swisscom AG | 4,347 | 1,982,139 | |||
Temenos AG (a) | 16,355 | 2,665,557 | |||
u-blox Holding AG (a)(b) | 2,795 | 402,311 | |||
UBS Group AG (a) | 583,648 | 9,261,409 | |||
Vifor Pharma AG | 6,109 | 1,064,134 | |||
Zurich Insurance Group AG | 28,652 | 9,098,946 | |||
237,797,281 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
UNITED KINGDOM — 13.1% | |||||
3i Group PLC | 162,232 | $ 1,991,189 | |||
Admiral Group PLC | 41,365 | 1,121,994 | |||
Afren PLC (a)(b)(g) | 55,933 | — | |||
Aggreko PLC | 36,662 | 416,991 | |||
Anglo American PLC | 262,066 | 5,888,302 | |||
Ashtead Group PLC | 74,019 | 2,352,301 | |||
Associated British Foods PLC | 60,252 | 1,799,290 | |||
AstraZeneca PLC | 228,785 | 17,790,431 | |||
Auto Trader Group PLC (e) | 125,678 | 731,934 | |||
Aviva PLC | 858,075 | 5,477,370 | |||
Avon Rubber PLC | 77,412 | 1,302,243 | |||
B&M European Value Retail SA | 130,661 | 659,062 | |||
Babcock International Group PLC | 87,267 | 822,778 | |||
BAE Systems PLC | 527,359 | 4,331,149 | |||
Balfour Beatty PLC | 452,675 | 1,618,042 | |||
Barclays PLC | 2,372,002 | 5,313,513 | |||
Barratt Developments PLC | 271,386 | 2,006,618 | |||
BBA Aviation PLC | 198,140 | 776,703 | |||
Bellway PLC | 17,018 | 668,876 | |||
Berkeley Group Holdings PLC | 17,995 | 863,328 | |||
Big Yellow Group PLC REIT | 46,948 | 562,023 | |||
BP PLC | 3,252,994 | 24,998,492 | |||
British American Tobacco PLC | 375,492 | 17,551,870 | |||
British Land Co. PLC REIT | 291,391 | 2,343,768 | |||
Britvic PLC | 36,273 | 370,137 | |||
BT Group PLC | 1,590,756 | 4,673,679 | |||
BTG PLC (a) | 63,706 | 458,163 | |||
Bunzl PLC | 56,011 | 1,762,482 | |||
Burberry Group PLC | 92,491 | 2,430,349 | |||
Cairn Energy PLC (a) | 73,720 | 223,609 | |||
Capita PLC | 390,988 | 728,601 | |||
Capital & Counties Properties PLC | 125,560 | 436,030 | |||
Carnival PLC | 53,593 | 3,329,461 | |||
Centamin PLC | 383,469 | 531,067 | |||
Centrica PLC | 1,123,816 | 2,270,078 | |||
CNH Industrial NV | 167,733 | 2,016,406 | |||
Cobham PLC (a) | 293,647 | 447,071 | |||
Coca-Cola European Partners PLC | 38,901 | 1,768,829 | |||
Compass Group PLC | 281,911 | 6,271,698 | |||
Croda International PLC | 12,094 | 820,417 | |||
CYBG PLC (b) | 124,451 | 535,777 | |||
Daily Mail & General Trust PLC Class A | 38,316 | 350,761 | |||
DCC PLC | 14,265 | 1,295,648 | |||
Derwent London PLC REIT | 19,081 | 710,895 | |||
Diageo PLC | 457,802 | 16,232,335 | |||
Dialog Semiconductor PLC (a) | 13,145 | 287,266 | |||
Direct Line Insurance Group PLC | 241,384 | 1,019,562 | |||
Dixons Carphone PLC | 171,175 | 378,694 | |||
Drax Group PLC | 64,759 | 327,831 | |||
DS Smith PLC | 115,424 | 719,931 | |||
easyJet PLC | 42,252 | 723,997 |
Security Description | Shares | Value | |||
Experian PLC | 186,738 | $ 4,798,475 | |||
Fiat Chrysler Automobiles NV (a) | 179,882 | 3,164,079 | |||
Firstgroup PLC (a) | 583,121 | 692,361 | |||
Foxtons Group PLC | 61,373 | 42,578 | |||
G4S PLC | 611,118 | 1,928,566 | |||
GlaxoSmithKline PLC | 877,029 | 17,576,217 | |||
Grafton Group PLC | 36,648 | 362,015 | |||
Great Portland Estates PLC REIT | 47,476 | 414,247 | |||
Greene King PLC | 51,683 | 330,381 | |||
GVC Holdings PLC | 92,203 | 1,104,379 | |||
Halma PLC | 63,807 | 1,202,348 | |||
Hammerson PLC REIT | 124,139 | 739,322 | |||
Hansteen Holdings PLC REIT | 71,280 | 90,164 | |||
Hargreaves Lansdown PLC | 33,132 | 965,649 | |||
Hays PLC | 233,138 | 620,208 | |||
Hiscox, Ltd. | 49,380 | 1,059,281 | |||
HomeServe PLC | 67,485 | 902,039 | |||
Howden Joinery Group PLC | 100,032 | 611,665 | |||
HSBC Holdings PLC | 3,344,059 | 29,208,764 | |||
IG Group Holdings PLC | 60,965 | 504,039 | |||
IMI PLC | 38,900 | 556,481 | |||
Imperial Brands PLC | 161,115 | 5,611,823 | |||
Inchcape PLC | 69,829 | 609,195 | |||
Indivior PLC (a) | 135,518 | 325,434 | |||
Informa PLC | 200,446 | 1,992,326 | |||
Inmarsat PLC | 51,641 | 336,712 | |||
InterContinental Hotels Group PLC | 35,016 | 2,182,672 | |||
International Consolidated Airlines Group SA | 114,043 | 981,834 | |||
International Personal Finance PLC | 56,503 | 165,786 | |||
Intertek Group PLC | 28,207 | 1,836,224 | |||
Intu Properties PLC REIT (b) | 133,430 | 268,133 | |||
ITV PLC | 612,280 | 1,260,343 | |||
J Sainsbury PLC | 412,113 | 1,729,404 | |||
John Wood Group PLC | 174,884 | 1,759,691 | |||
Johnson Matthey PLC | 33,349 | 1,549,069 | |||
Just Eat PLC (a) | 86,788 | 758,505 | |||
Keller Group PLC | 16,915 | 224,109 | |||
Kingfisher PLC | 654,738 | 2,202,832 | |||
Land Securities Group PLC REIT | 206,299 | 2,376,559 | |||
Legal & General Group PLC | 987,879 | 3,377,774 | |||
Lloyds Banking Group PLC | 11,716,204 | 9,055,574 | |||
London Stock Exchange Group PLC | 52,098 | 3,115,654 | |||
Lonmin PLC (a)(b) | 33,778 | 19,346 | |||
Luceco PLC (a)(e) | 3,895 | 2,540 | |||
Man Group PLC | 460,793 | 1,059,982 | |||
Marks & Spencer Group PLC | 419,867 | 1,581,259 | |||
Meggitt PLC | 105,746 | 781,054 | |||
Melrose Industries PLC | 777,321 | 2,026,317 | |||
Micro Focus International PLC | 72,384 | 1,349,338 | |||
Mondi PLC | 121,880 | 3,344,046 | |||
National Grid PLC | 668,616 | 6,900,283 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
NEX Group PLC | 150,205 | $ 1,946,995 | |||
Next PLC | 35,701 | 2,557,780 | |||
Ocado Group PLC (a) | 66,858 | 783,978 | |||
Ophir Energy PLC (a) | 99,053 | 48,955 | |||
Pearson PLC | 199,311 | 2,313,212 | |||
Pennon Group PLC | 69,643 | 647,713 | |||
Persimmon PLC | 31,115 | 959,611 | |||
Petrofac, Ltd. | 39,985 | 337,779 | |||
Provident Financial PLC (a) | 18,549 | 146,100 | |||
Prudential PLC | 426,489 | 9,785,685 | |||
Randgold Resources, Ltd. | 28,980 | 2,059,629 | |||
Reach PLC | 79,000 | 69,229 | |||
Reckitt Benckiser Group PLC | 110,772 | 10,134,765 | |||
RELX PLC | 210,442 | 4,434,737 | |||
RELX PLC | 170,937 | 3,592,640 | |||
Rentokil Initial PLC | 309,028 | 1,283,113 | |||
Rightmove PLC | 170,355 | 1,046,333 | |||
Rio Tinto PLC | 197,492 | 9,992,527 | |||
Rio Tinto, Ltd. (b) | 65,850 | 3,752,582 | |||
Rolls-Royce Holdings PLC (a) | 358,458 | 4,615,572 | |||
Royal Bank of Scotland Group PLC | 544,467 | 1,775,030 | |||
Royal Mail PLC | 76,366 | 475,120 | |||
RPC Group PLC | 68,119 | 706,203 | |||
RSA Insurance Group PLC | 228,146 | 1,710,704 | |||
Sage Group PLC | 187,450 | 1,433,420 | |||
Schroders PLC | 19,100 | 770,882 | |||
Segro PLC REIT | 158,382 | 1,317,299 | |||
Serco Group PLC (a) | 302,544 | 385,853 | |||
Severn Trent PLC | 39,927 | 962,715 | |||
Shaftesbury PLC REIT | 46,629 | 550,603 | |||
Shire PLC | 151,277 | 9,120,904 | |||
Sky PLC | 223,148 | 5,031,322 | |||
Smith & Nephew PLC | 159,881 | 2,917,856 | |||
Smiths Group PLC | 164,544 | 3,208,947 | |||
Spectris PLC | 20,574 | 636,664 | |||
Spirax-Sarco Engineering PLC | 12,066 | 1,148,630 | |||
Sports Direct International PLC (a) | 26,209 | 116,615 | |||
SSE PLC | 253,420 | 3,787,212 | |||
St James's Place PLC | 87,380 | 1,303,563 | |||
Standard Chartered PLC | 486,014 | 4,033,416 | |||
Standard Life Aberdeen PLC | 708,555 | 2,826,488 | |||
TalkTalk Telecom Group PLC (b) | 72,779 | 117,021 | |||
Tate & Lyle PLC | 152,159 | 1,354,831 | |||
Taylor Wimpey PLC | 411,679 | 922,308 | |||
Telecom Plus PLC | 10,432 | 141,752 | |||
Tesco PLC | 1,823,551 | 5,702,446 | |||
Thomas Cook Group PLC | 179,187 | 135,294 | |||
TP ICAP PLC | 97,722 | 340,505 | |||
Travis Perkins PLC | 26,756 | 371,765 | |||
Tullow Oil PLC (a) | 303,015 | 1,040,421 | |||
Unilever NV | 276,943 | 15,428,862 | |||
Unilever PLC | 240,234 | 13,207,760 | |||
United Utilities Group PLC | 118,646 | 1,089,231 | |||
Victrex PLC | 15,874 | 691,396 | |||
Vodafone Group PLC | 4,807,003 | 10,311,798 |
Security Description | Shares | Value | |||
Weir Group PLC | 19,371 | $ 445,347 | |||
Whitbread PLC | 31,694 | 1,949,562 | |||
William Hill PLC | 240,427 | 790,406 | |||
Wm Morrison Supermarkets PLC | 659,094 | 2,229,520 | |||
Workspace Group PLC REIT | 39,443 | 505,098 | |||
WPP PLC | 224,290 | 3,288,997 | |||
442,958,818 | |||||
UNITED STATES — 0.2% | |||||
Argonaut Gold, Inc. (a)(b) | 58,828 | 65,081 | |||
Bausch Health Cos., Inc. (a) | 56,589 | 1,452,156 | |||
Flex, Ltd. (a) | 230,463 | 3,023,675 | |||
ICON PLC (a) | 10,303 | 1,584,086 | |||
International Game Technology PLC (b) | 17,597 | 347,541 | |||
REC Silicon ASA (a)(b) | 507,389 | 39,347 | |||
Stratasys, Ltd. (a) | 7,723 | 178,479 | |||
Tahoe Resources, Inc. (a)(b) | 24,040 | 66,393 | |||
6,756,758 | |||||
TOTAL COMMON STOCKS (Cost $3,322,876,015) | 3,350,894,534 |
WARRANTS — 0.0% (d) | |||
CANADA — 0.0% (d) | |||
Australis Capital, Inc. (expiring 9/19/19) (a) | 1,711 | 3,111 | |
FRANCE — 0.0% (d) | |||
CGG SA (expiring 02/21/23) (a) | 13 | 2 | |
TOTAL WARRANTS (Cost $9,154) | 3,113 | ||
RIGHTS — 0.0% (d) | |||
AUSTRALIA — 0.0% (d) | |||
Harvey Norman Holdings, Ltd. (expiring 10/15/18) (a) (b) | 5,530 | 3,201 | |
HONG KONG — 0.0% (d) | |||
China Smartpay Group (expiring 10/02/18) (a) (g) | 4,268 | — | |
TOTAL RIGHTS (Cost $0) | 3,201 | ||
SHORT-TERM INVESTMENTS — 2.1% | |||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 6,540,078 | 6,540,078 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 63,672,719 | $ 63,672,719 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $70,212,797) | 70,212,797 | |||||
TOTAL INVESTMENTS — 101.5% (Cost $3,393,097,966) | 3,421,113,645 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (1.5)% | (49,370,576) | |||||
NET ASSETS — 100.0% | $ 3,371,743,069 |
(a) | Non-income producing security. |
(b) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(c) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(d) | Amount is less than 0.05% of net assets. |
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.5% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $194,285, representing less than 0.05% of net assets. |
(g) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of these securities is $0, representing 0.0% of the Fund's net assets. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
GDR | = Global Depositary Receipt |
REIT | = Real Estate Investment Trust |
SDR | = Swedish Depositary Receipt |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 195,444,359 | $ — | $— | $ 195,444,359 | ||||
Austria | 9,794,003 | — | — | 9,794,003 | ||||
Belgium | 35,720,803 | — | — | 35,720,803 | ||||
Bermuda | 58,511 | — | — | 58,511 | ||||
Canada | 275,736,531 | — | — | 275,736,531 | ||||
Cayman Islands | 12,708 | — | — | 12,708 | ||||
Chile | 644,493 | — | — | 644,493 | ||||
China | 4,098,097 | — | — | 4,098,097 | ||||
Denmark | 46,329,371 | — | — | 46,329,371 | ||||
Finland | 31,192,016 | — | — | 31,192,016 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
France | $ 277,395,270 | $ — | $— | $ 277,395,270 | ||||
Germany | 251,012,530 | — | — | 251,012,530 | ||||
Hong Kong | 92,664,959 | 51,634 | — | 92,716,593 | ||||
Ireland | 17,446,752 | — | 0(a) | 17,446,752 | ||||
Israel | 19,625,724 | — | — | 19,625,724 | ||||
Italy | 61,993,610 | — | — | 61,993,610 | ||||
Japan | 798,942,769 | — | — | 798,942,769 | ||||
Jordan | 566,212 | — | — | 566,212 | ||||
Luxembourg | 6,871,187 | — | — | 6,871,187 | ||||
Macau | 513,622 | — | — | 513,622 | ||||
Malta | 754,868 | — | — | 754,868 | ||||
Mexico | 357,570 | — | — | 357,570 | ||||
Netherlands | 123,450,200 | — | — | 123,450,200 | ||||
New Zealand | 7,229,869 | — | — | 7,229,869 | ||||
Norway | 26,010,814 | — | — | 26,010,814 | ||||
Portugal | 6,106,776 | — | — | 6,106,776 | ||||
Singapore | 36,499,797 | 40,592 | — | 36,540,389 | ||||
South Africa | 669,185 | — | — | 669,185 | ||||
South Korea | 165,860,095 | 66,339 | 0(a) | 165,926,434 | ||||
Spain | 79,980,243 | 35,720 | 0(a) | 80,015,963 | ||||
Sweden | 90,204,448 | — | — | 90,204,448 | ||||
Switzerland | 237,797,281 | — | — | 237,797,281 | ||||
United Kingdom | 442,958,818 | — | 0(a) | 442,958,818 | ||||
United States | 6,756,758 | — | — | 6,756,758 | ||||
Warrants | ||||||||
Canada | 3,111 | — | — | 3,111 | ||||
France | 2 | — | — | 2 | ||||
Rights | ||||||||
Australia | 3,201 | — | — | 3,201 | ||||
Hong Kong | — | — | 0(a) | 0 | ||||
Short-Term Investments | 70,212,797 | — | — | 70,212,797 | ||||
TOTAL INVESTMENTS | $3,420,919,360 | $194,285 | $— | $3,421,113,645 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 1,169,081 | $ 1,169,081 | $173,379,565 | $168,008,568 | $— | $— | 6,540,078 | $ 6,540,078 | $ 72,423 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 22,963,226 | 22,963,226 | 576,250,507 | 535,541,014 | — | — | 63,672,719 | 63,672,719 | 990,625 | — | |||||||||
Total | $24,132,307 | $749,630,072 | $703,549,582 | $— | $— | $70,212,797 | $1,063,048 | $— |
113 | ARSPDW |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
COMMON STOCKS — 99.3% | ||||||
AEROSPACE & DEFENSE — 0.1% | ||||||
AviChina Industry & Technology Co., Ltd. Class H | 1,712,000 | $ 1,128,950 | ||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||
Sinotrans, Ltd. Class H | 816,000 | 332,661 | ||||
ZTO Express Cayman, Inc. ADR | 186,142 | 3,084,373 | ||||
3,417,034 | ||||||
AIRLINES — 0.3% | ||||||
Air China, Ltd. Class H | 1,568,000 | 1,514,918 | ||||
China Eastern Airlines Corp., Ltd. Class H (a) | 1,502,000 | 963,596 | ||||
China Southern Airlines Co., Ltd. Class H | 1,198,000 | 767,036 | ||||
Shandong Airlines Co., Ltd. Class B | 106,000 | 169,060 | ||||
3,414,610 | ||||||
AUTO COMPONENTS — 0.5% | ||||||
China First Capital Group, Ltd. (b) | 1,702,000 | 913,545 | ||||
Fuyao Glass Industry Group Co., Ltd. Class H (c) | 184,400 | 670,447 | ||||
Minth Group, Ltd. | 502,000 | 2,072,180 | ||||
Tianneng Power International, Ltd. | 366,000 | 323,206 | ||||
Xinyi Glass Holdings, Ltd. | 1,130,000 | 1,428,223 | ||||
5,407,601 | ||||||
AUTOMOBILES — 2.0% | ||||||
BAIC Motor Corp., Ltd. Class H (c) | 916,900 | 734,701 | ||||
Brilliance China Automotive Holdings, Ltd. | 1,672,000 | 2,705,149 | ||||
BYD Co., Ltd. Class H (a) | 425,000 | 3,052,435 | ||||
Chongqing Changan Automobile Co., Ltd. Class B | 727,300 | 587,424 | ||||
Dongfeng Motor Group Co., Ltd. Class H | 2,129,300 | 2,193,275 | ||||
Geely Automobile Holdings, Ltd. | 3,224,000 | 6,427,482 | ||||
Great Wall Motor Co., Ltd. Class H (a) | 2,341,000 | 1,492,874 | ||||
Guangzhou Automobile Group Co., Ltd. Class H | 2,235,691 | 2,477,149 | ||||
Qingling Motors Co., Ltd. Class H | 2,484,000 | 685,688 | ||||
20,356,177 | ||||||
BANKS — 14.8% | ||||||
Agricultural Bank of China, Ltd. Class H | 16,848,000 | 8,268,006 | ||||
Bank of China, Ltd. Class H | 47,204,700 | 20,993,541 | ||||
Bank of Chongqing Co., Ltd. Class H | 1,229,000 | 738,195 | ||||
Bank of Communications Co., Ltd. Class H | 13,818,824 | 10,366,458 | ||||
China CITIC Bank Corp., Ltd. Class H | 7,109,471 | 4,551,937 | ||||
China Construction Bank Corp. Class H | 65,102,623 | 56,908,323 | ||||
China Merchants Bank Co., Ltd. Class H | 2,429,235 | 9,872,289 |
Security Description | Shares | Value | ||||
China Minsheng Banking Corp., Ltd. Class H (a) | 4,823,259 | $ 3,581,277 | ||||
Chongqing Rural Commercial Bank Co., Ltd. Class H | 1,847,000 | 1,010,257 | ||||
Huishang Bank Corp., Ltd. Class H | 1,892,700 | 822,398 | ||||
Industrial & Commercial Bank of China, Ltd. Class H | 47,218,789 | 34,516,923 | ||||
Postal Savings Bank of China Co., Ltd. Class H (c) | 3,136,000 | 1,975,805 | ||||
153,605,409 | ||||||
BEVERAGES — 0.5% | ||||||
China Resources Beer Holdings Co., Ltd. | 1,043,667 | 4,194,728 | ||||
Tibet Water Resources, Ltd. (a) (b) | 1,447,000 | 456,759 | ||||
Tsingtao Brewery Co., Ltd. Class H | 211,000 | 992,319 | ||||
5,643,806 | ||||||
BIOTECHNOLOGY — 0.7% | ||||||
3SBio, Inc. (a) (c) | 540,000 | 908,178 | ||||
BeiGene, Ltd. ADR (b) | 28,623 | 4,929,453 | ||||
China Biologic Products Holdings, Inc. (a) (b) | 16,939 | 1,355,120 | ||||
Shanghai Haohai Biological Technology Co., Ltd. Class H (c) | 15,700 | 107,243 | ||||
7,299,994 | ||||||
BUILDING PRODUCTS — 0.0% (d) | ||||||
China Lesso Group Holdings, Ltd. | 353,000 | 200,299 | ||||
CAPITAL MARKETS — 1.2% | ||||||
Central China Securities Co., Ltd. Class H (a) | 360,000 | 90,634 | ||||
China Cinda Asset Management Co., Ltd. Class H | 7,197,200 | 1,821,168 | ||||
China Everbright, Ltd. | 642,000 | 1,150,282 | ||||
China Galaxy Securities Co., Ltd. Class H | 2,077,500 | 969,070 | ||||
China Huarong Asset Management Co., Ltd. Class H (c) | 5,237,000 | 963,754 | ||||
China International Capital Corp., Ltd. Class H (a) (c) | 247,600 | 457,552 | ||||
CITIC Securities Co., Ltd. Class H | 1,381,500 | 2,457,601 | ||||
GF Securities Co., Ltd. Class H | 1,064,200 | 1,365,457 | ||||
Guotai Junan International Holdings, Ltd. (a) | 1,759,000 | 307,969 | ||||
Haitong Securities Co., Ltd. Class H | 1,996,600 | 1,816,738 | ||||
Huatai Securities Co., Ltd. Class H (b) (c) | 704,600 | 1,010,315 | ||||
Noah Holdings, Ltd. ADR (b) | 2,694 | 113,525 | ||||
Shenwan Hongyuan HK, Ltd. | 505,000 | 114,231 | ||||
12,638,296 | ||||||
CHEMICALS — 0.3% | ||||||
China BlueChemical, Ltd. Class H | 2,004,000 | 811,854 | ||||
China Lumena New Materials Corp. (a) (b) (e) | 3,564,548 | — | ||||
Fufeng Group, Ltd. (a) (b) | 559,000 | 272,181 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
Sinopec Shanghai Petrochemical Co., Ltd. Class H | 2,775,999 | $ 1,695,776 | ||||
2,779,811 | ||||||
COMMERCIAL SERVICES & SUPPLIES — 0.4% | ||||||
China Everbright International, Ltd. (a) | 2,623,925 | 2,266,832 | ||||
Country Garden Services Holdings Co., Ltd. (a) (b) | 594,000 | 1,009,623 | ||||
Dongjiang Environmental Co., Ltd. Class H (a) | 150,200 | 175,827 | ||||
Greentown Service Group Co., Ltd. | 614,000 | 492,776 | ||||
3,945,058 | ||||||
COMMUNICATIONS EQUIPMENT — 0.3% | ||||||
BYD Electronic International Co., Ltd. (a) | 512,000 | 753,778 | ||||
China All Access Holdings, Ltd. | 1,268,000 | 108,571 | ||||
China Fiber Optic Network System Group, Ltd. (b) (e) | 1,131,600 | — | ||||
Comba Telecom Systems Holdings, Ltd. (a) (b) | 1,384,310 | 217,600 | ||||
Shanghai Potevio Co., Ltd. Class B (b) (f) | 264,700 | 106,410 | ||||
Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. Class H (b) (c) | 174,500 | 543,020 | ||||
ZTE Corp. Class H (b) | 579,197 | 1,061,443 | ||||
2,790,822 | ||||||
CONSTRUCTION & ENGINEERING — 1.0% | ||||||
China Communications Construction Co., Ltd. Class H | 2,974,394 | 3,040,953 | ||||
China Machinery Engineering Corp. Class H | 455,000 | 222,706 | ||||
China Railway Construction Corp., Ltd. Class H | 1,197,375 | 1,615,903 | ||||
China Railway Group, Ltd. Class H | 2,664,000 | 2,641,905 | ||||
China Singyes Solar Technologies Holdings, Ltd. (a) | 368,000 | 127,449 | ||||
China State Construction International Holdings, Ltd. | 1,166,000 | 1,232,325 | ||||
Concord New Energy Group, Ltd. | 3,560,000 | 143,312 | ||||
Metallurgical Corp. of China, Ltd. Class H | 1,619,000 | 455,188 | ||||
Sinopec Engineering Group Co., Ltd. Class H | 1,073,000 | 1,225,909 | ||||
10,705,650 | ||||||
CONSTRUCTION MATERIALS — 0.8% | ||||||
Anhui Conch Cement Co., Ltd. Class H | 843,500 | 5,093,404 | ||||
BBMG Corp. Class H (a) | 1,289,000 | 441,478 | ||||
China National Building Material Co., Ltd. Class H | 2,304,000 | 2,046,390 | ||||
China Resources Cement Holdings, Ltd. | 793,163 | 923,426 | ||||
China Shanshui Cement Group, Ltd. (a) (b) (e) | 1,896,000 | — |
Security Description | Shares | Value | ||||
CSG Holding Co., Ltd. Class B | 513,130 | $ 197,385 | ||||
8,702,083 | ||||||
CONSUMER FINANCE — 0.1% | ||||||
China Financial Services Holdings, Ltd. | 2,132,000 | 147,130 | ||||
Chong Sing Holdings FinTech Group (a) (b) | 15,694,900 | 842,421 | ||||
989,551 | ||||||
CONTAINERS & PACKAGING — 0.0% (d) | ||||||
Beijing Enterprises Clean Energy Group, Ltd. (a) (b) | 9,425,714 | 169,846 | ||||
Greatview Aseptic Packaging Co., Ltd. | 452,000 | 288,244 | ||||
458,090 | ||||||
DISTRIBUTORS — 0.0% (d) | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. Class H | 587,000 | 399,090 | ||||
DIVERSIFIED CONSUMER SERVICES — 1.2% | ||||||
China Education Group Holdings, Ltd. (b) | 385,000 | 544,173 | ||||
China Maple Leaf Educational Systems, Ltd. | 903,497 | 473,404 | ||||
China Yuhua Education Corp., Ltd. (c) | 640,000 | 309,167 | ||||
Fu Shou Yuan International Group, Ltd. | 716,000 | 559,082 | ||||
New Oriental Education & Technology Group, Inc. ADR (b) | 78,932 | 5,841,757 | ||||
TAL Education Group ADR (b) | 187,497 | 4,820,548 | ||||
12,548,131 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.1% | ||||||
Far East Horizon, Ltd. | 1,150,000 | 1,094,902 | ||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.1% | ||||||
China Communications Services Corp., Ltd. Class H | 1,611,600 | 1,484,957 | ||||
China Telecom Corp., Ltd. Class H | 9,336,951 | 4,641,687 | ||||
China Unicom Hong Kong, Ltd. | 3,819,805 | 4,500,837 | ||||
CITIC Telecom International Holdings, Ltd. | 1,158,000 | 395,131 | ||||
11,022,612 | ||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||
Dongfang Electric Corp., Ltd. Class H (b) | 247,800 | 146,623 | ||||
Fullshare Holdings, Ltd. (a) (b) | 4,152,500 | 1,995,348 | ||||
Shanghai Electric Group Co., Ltd. Class H (a) | 2,102,000 | 749,477 | ||||
Solartech International Holdings, Ltd. (a) (b) | 1,080,000 | 131,120 | ||||
Tech Pro Technology Development, Ltd. (b) (f) | 4,481,396 | 38,944 | ||||
Xinjiang Goldwind Science & Technology Co., Ltd. Class H | 355,760 | 382,362 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
Zhuzhou CRRC Times Electric Co., Ltd. Class H | 426,100 | $ 2,434,110 | ||||
5,877,984 | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.3% | ||||||
AAC Technologies Holdings, Inc. | 462,245 | 4,802,684 | ||||
Anxin-China Holdings, Ltd. (b) (e) | 3,068,000 | — | ||||
AVIC International Holdings, Ltd. Class H | 267,982 | 142,469 | ||||
Dongxu Optoelectronic Technology Co., Ltd. Class B | 1,410,700 | 690,486 | ||||
FIT Hon Teng, Ltd. (c) | 799,000 | 395,165 | ||||
Hollysys Automation Technologies, Ltd. | 19,814 | 423,425 | ||||
Ju Teng International Holdings, Ltd. | 1,042,000 | 262,334 | ||||
Kingboard Holdings, Ltd. | 545,999 | 1,782,805 | ||||
Kingboard Laminates Holdings, Ltd. | 335,000 | 297,116 | ||||
Sunny Optical Technology Group Co., Ltd. | 425,000 | 4,904,536 | ||||
Wasion Holdings, Ltd. | 354,000 | 179,151 | ||||
13,880,171 | ||||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||
Anton Oilfield Services Group (a) (b) | 928,000 | 154,174 | ||||
China Oilfield Services, Ltd. Class H | 1,245,900 | 1,351,799 | ||||
Hilong Holding, Ltd. | 672,000 | 93,609 | ||||
Sinopec Oilfield Service Corp. Class H (a) (b) | 1,276,000 | 174,484 | ||||
1,774,066 | ||||||
ENTERTAINMENT — 1.1% | ||||||
iQIYI, Inc. ADR (a) (b) | 48,642 | 1,316,739 | ||||
NetEase, Inc. ADR | 45,910 | 10,478,957 | ||||
11,795,696 | ||||||
FOOD & STAPLES RETAILING — 0.2% | ||||||
Sun Art Retail Group, Ltd. | 1,425,500 | 1,854,540 | ||||
FOOD PRODUCTS — 1.9% | ||||||
China Agri-Industries Holdings, Ltd. | 1,626,600 | 627,782 | ||||
China Huishan Dairy Holdings Co., Ltd. (a) (b) (e) | 2,729,000 | — | ||||
China Huiyuan Juice Group, Ltd. (b) (f) | 701,000 | 180,963 | ||||
China Mengniu Dairy Co., Ltd. (b) | 1,822,220 | 6,066,382 | ||||
China Yurun Food Group, Ltd. (a) (b) | 1,139,000 | 114,993 | ||||
CP Pokphand Co., Ltd. | 3,174,000 | 283,940 | ||||
Dali Foods Group Co., Ltd. (c) | 594,500 | 427,741 | ||||
Health and Happiness H&H International Holdings, Ltd. (b) | 158,000 | 949,022 | ||||
Tingyi Cayman Islands Holding Corp. | 1,329,844 | 2,443,885 | ||||
Uni-President China Holdings, Ltd. | 704,400 | 751,670 | ||||
Want Want China Holdings, Ltd. | 4,675,933 | 3,937,993 |
Security Description | Shares | Value | ||||
WH Group, Ltd. (c) | 4,775,106 | $ 3,362,450 | ||||
Yihai International Holding, Ltd. | 245,000 | 557,323 | ||||
19,704,144 | ||||||
GAS UTILITIES — 0.8% | ||||||
Beijing Enterprises Holdings, Ltd. | 425,500 | 2,387,181 | ||||
China Gas Holdings, Ltd. | 1,486,000 | 4,206,431 | ||||
China Oil & Gas Group, Ltd. (b) | 1,616,000 | 117,716 | ||||
China Resources Gas Group, Ltd. | 529,000 | 2,153,210 | ||||
8,864,538 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.2% | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. Class H | 1,676,000 | 1,655,673 | ||||
Yestar Healthcare Holdings Co., Ltd. (a) | 522,500 | 144,900 | ||||
1,800,573 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 0.6% | ||||||
China Resources Phoenix Healthcare Holdings Co., Ltd. (a) | 417,000 | 379,435 | ||||
Shanghai Pharmaceuticals Holding Co., Ltd. Class H | 703,000 | 1,757,298 | ||||
Sinopharm Group Co., Ltd. Class H | 764,400 | 3,741,456 | ||||
5,878,189 | ||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||
Ping An Healthcare and Technology Co., Ltd. (b) (c) | 143,054 | 956,143 | ||||
HOTELS, RESTAURANTS & LEISURE — 1.3% | ||||||
Ajisen China Holdings, Ltd. | 454,000 | 186,824 | ||||
China Travel International Investment Hong Kong, Ltd. | 3,006,000 | 968,079 | ||||
Huazhu Group, Ltd. ADR | 73,512 | 2,374,438 | ||||
Imperial Pacific International Holdings, Ltd. (a) (b) | 29,050,300 | 241,315 | ||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H | 1,204,187 | 338,562 | ||||
Yum China Holdings, Inc. | 255,836 | 8,982,402 | ||||
13,091,620 | ||||||
HOUSEHOLD DURABLES — 0.3% | ||||||
Haier Electronics Group Co., Ltd. (b) | 932,000 | 2,531,023 | ||||
Hisense Kelon Electrical Holdings Co., Ltd. Class H (a) | 292,000 | 264,576 | ||||
Skyworth Digital Holdings, Ltd. | 1,699,423 | 479,971 | ||||
3,275,570 | ||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||
Vinda International Holdings, Ltd. | 430,000 | 738,565 | ||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 1.1% | ||||||
Beijing Jingneng Clean Energy Co., Ltd. Class H | 1,168,000 | 235,842 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
CGN Power Co., Ltd. Class H (c) | 7,873,000 | $ 1,871,434 | ||||
China Datang Corp. Renewable Power Co., Ltd. Class H | 1,901,000 | 274,525 | ||||
China Longyuan Power Group Corp., Ltd. Class H | 2,343,000 | 1,970,241 | ||||
China Power International Development, Ltd. | 2,347,000 | 521,895 | ||||
China Resources Power Holdings Co., Ltd. | 1,250,092 | 2,211,054 | ||||
Datang International Power Generation Co., Ltd. Class H | 3,008,287 | 761,212 | ||||
Huadian Fuxin Energy Corp., Ltd. Class H | 1,832,000 | 369,917 | ||||
Huadian Power International Corp., Ltd. Class H | 974,000 | 380,892 | ||||
Huaneng Power International, Inc. Class H | 2,706,129 | 1,781,053 | ||||
Huaneng Renewables Corp., Ltd. Class H | 2,530,000 | 753,351 | ||||
11,131,416 | ||||||
INDUSTRIAL CONGLOMERATES — 0.7% | ||||||
CITIC, Ltd. | 4,242,000 | 6,321,067 | ||||
Shanghai Industrial Holdings, Ltd. | 317,000 | 702,473 | ||||
7,023,540 | ||||||
INSURANCE — 5.8% | ||||||
China Life Insurance Co., Ltd. Class H | 4,727,040 | 10,740,939 | ||||
China Pacific Insurance Group Co., Ltd. Class H | 1,569,400 | 6,057,059 | ||||
China Taiping Insurance Holdings Co., Ltd. | 789,491 | 2,769,560 | ||||
Fanhua, Inc. ADR (a) | 27,020 | 730,080 | ||||
New China Life Insurance Co., Ltd. Class H | 415,600 | 1,994,374 | ||||
People's Insurance Co. Group of China, Ltd. Class H | 4,899,000 | 2,203,796 | ||||
PICC Property & Casualty Co., Ltd. Class H | 4,456,287 | 5,262,188 | ||||
Ping An Insurance Group Co. of China, Ltd. Class H (a) | 3,058,600 | 31,074,991 | ||||
60,832,987 | ||||||
INTERNET & CATALOG RETAIL — 1.0% | ||||||
Ctrip.com International, Ltd. ADR (b) | 239,963 | 8,919,425 | ||||
Vipshop Holdings, Ltd. ADR (b) | 225,749 | 1,408,674 | ||||
10,328,099 | ||||||
INTERACTIVE MEDIA & SERVICES — 18.5% | ||||||
58.com, Inc. ADR (b) | 49,913 | 3,673,597 | ||||
Autohome, Inc. ADR (a) | 33,653 | 2,605,079 | ||||
Baidu, Inc. ADR (b) | 168,321 | 38,491,646 | ||||
Bitauto Holdings, Ltd. ADR (a) (b) | 19,482 | 448,086 | ||||
Fang Holdings, Ltd. ADR (b) | 117,468 | 304,242 | ||||
Momo, Inc. ADR (b) | 62,311 | 2,729,222 | ||||
Phoenix New Media, Ltd. ADR (b) | 38,984 | 164,513 | ||||
SINA Corp. (b) | 42,781 | 2,972,424 |
Security Description | Shares | Value | ||||
Sogou, Inc. ADR (a) (b) | 10,900 | $ 80,987 | ||||
Sohu.com, Ltd. ADR (a) (b) | 27,884 | 554,334 | ||||
Tencent Holdings, Ltd. | 3,293,415 | 136,031,352 | ||||
Tian Ge Interactive Holdings, Ltd. (c) | 130,000 | 80,410 | ||||
V1 Group, Ltd. (a) (b) (f) | 2,066,000 | 126,734 | ||||
Weibo Corp. ADR (a) (b) | 28,418 | 2,078,208 | ||||
YY, Inc. ADR (b) | 25,971 | 1,945,747 | ||||
192,286,581 | ||||||
INTERNET & DIRECT MARKETING RETAIL — 13.4% | ||||||
Alibaba Group Holding, Ltd. ADR (b) | 760,944 | 125,373,134 | ||||
Baozun, Inc. ADR (a) (b) | 14,411 | 700,086 | ||||
JD.com, Inc. ADR (b) | 491,613 | 12,826,183 | ||||
138,899,403 | ||||||
IT SERVICES — 0.5% | ||||||
21Vianet Group, Inc. ADR (b) | 39,023 | 394,132 | ||||
AGTech Holdings, Ltd. (a) (b) | 1,452,000 | 111,337 | ||||
Chinasoft International, Ltd. (b) | 1,678,000 | 1,119,396 | ||||
Digital China Holdings, Ltd. (a) (b) | 715,000 | 382,861 | ||||
GDS Holdings, Ltd. ADR (a) (b) | 29,621 | 1,040,586 | ||||
Hi Sun Technology China, Ltd. (b) | 1,365,000 | 188,398 | ||||
TravelSky Technology, Ltd. Class H | 852,000 | 2,215,773 | ||||
5,452,483 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||
Genscript Biotech Corp. (a) (b) | 490,000 | 827,844 | ||||
Wuxi Biologics Cayman, Inc. (b) (c) | 191,000 | 1,931,993 | ||||
2,759,837 | ||||||
MACHINERY — 1.4% | ||||||
China Conch Venture Holdings, Ltd. | 1,048,000 | 3,656,328 | ||||
China International Marine Containers Group Co., Ltd. Class H | 539,200 | 571,938 | ||||
CIMC Enric Holdings, Ltd. | 608,000 | 634,038 | ||||
CRRC Corp., Ltd. Class H | 2,764,950 | 2,526,472 | ||||
First Tractor Co., Ltd. Class H (a) (b) | 356,000 | 104,185 | ||||
Haitian International Holdings, Ltd. | 869,000 | 1,934,591 | ||||
Lonking Holdings, Ltd. | 1,965,000 | 635,337 | ||||
Sinotruk Hong Kong, Ltd. (a) | 176,500 | 384,358 | ||||
Weichai Power Co., Ltd. Class H | 1,554,680 | 1,927,232 | ||||
Yangzijiang Shipbuilding Holdings, Ltd. | 1,864,000 | 1,691,631 | ||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H | 855,800 | 331,387 | ||||
14,397,497 | ||||||
MARINE — 0.2% | ||||||
COSCO SHIPPING Development Co., Ltd. Class H (b) | 2,084,500 | 282,377 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
COSCO SHIPPING Energy Transportation Co., Ltd. Class H | 815,800 | $ 405,559 | ||||
COSCO SHIPPING Holdings Co., Ltd. Class H (a) (b) | 1,475,175 | 612,700 | ||||
Seaspan Corp. (a) | 12,100 | 100,793 | ||||
SITC International Holdings Co., Ltd. | 703,000 | 567,798 | ||||
1,969,227 | ||||||
MEDIA — 0.2% | ||||||
Alibaba Pictures Group, Ltd. (a) (b) | 7,300,000 | 998,224 | ||||
China Literature, Ltd. (a) (b) (c) | 167,200 | 1,051,290 | ||||
Poly Culture Group Corp., Ltd. Class H | 92,700 | 117,046 | ||||
2,166,560 | ||||||
METALS & MINING — 0.9% | ||||||
Aluminum Corp. of China, Ltd. Class H (b) | 2,726,000 | 1,212,345 | ||||
Angang Steel Co., Ltd. Class H | 1,065,720 | 953,372 | ||||
China Metal Recycling Holdings, Ltd. (a) (b) (e) | 268,085 | — | ||||
China Molybdenum Co., Ltd. Class H (a) | 2,568,000 | 1,076,440 | ||||
China Zhongwang Holdings, Ltd. (a) | 804,800 | 393,920 | ||||
Jiangxi Copper Co., Ltd. Class H | 972,000 | 1,134,118 | ||||
Maanshan Iron & Steel Co., Ltd. Class H | 1,756,000 | 942,530 | ||||
MMG, Ltd. (b) | 1,220,000 | 631,446 | ||||
Shougang Fushan Resources Group, Ltd. | 2,722,000 | 605,283 | ||||
Zhaojin Mining Industry Co., Ltd. Class H (a) | 753,500 | 583,549 | ||||
Zijin Mining Group Co., Ltd. Class H | 5,112,750 | 1,966,719 | ||||
9,499,722 | ||||||
MULTILINE RETAIL — 0.1% | ||||||
Golden Eagle Retail Group, Ltd. | 528,120 | 574,359 | ||||
Parkson Retail Group, Ltd. (b) | 1,612,000 | 154,507 | ||||
728,866 | ||||||
OIL, GAS & CONSUMABLE FUELS — 5.4% | ||||||
China Coal Energy Co., Ltd. Class H | 1,851,013 | 780,629 | ||||
China Petroleum & Chemical Corp. Class H | 15,354,640 | 15,384,270 | ||||
China Shenhua Energy Co., Ltd. Class H | 2,158,700 | 4,932,658 | ||||
China Suntien Green Energy Corp., Ltd. Class H | 941,000 | 262,160 | ||||
CNOOC, Ltd. | 9,735,174 | 19,283,978 | ||||
Kunlun Energy Co., Ltd. | 2,555,400 | 2,975,079 | ||||
NewOcean Energy Holdings, Ltd. (a) (b) | 706,000 | 219,246 | ||||
PetroChina Co., Ltd. Class H | 12,656,930 | 10,255,075 | ||||
Sinopec Kantons Holdings, Ltd. | 1,062,000 | 473,665 |
Security Description | Shares | Value | ||||
Yanzhou Coal Mining Co., Ltd. Class H | 1,287,900 | $ 1,492,831 | ||||
56,059,591 | ||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||
Lee & Man Paper Manufacturing, Ltd. | 1,094,000 | 1,015,021 | ||||
Nine Dragons Paper Holdings, Ltd. | 1,269,000 | 1,371,997 | ||||
2,387,018 | ||||||
PERSONAL PRODUCTS — 0.5% | ||||||
Hengan International Group Co., Ltd. | 513,500 | 4,738,041 | ||||
PHARMACEUTICALS — 1.9% | ||||||
China Animal Healthcare, Ltd. (a) (b) (e) | 763,600 | — | ||||
China Medical System Holdings, Ltd. | 835,300 | 1,161,429 | ||||
China Resources Pharmaceutical Group, Ltd. (c) | 670,500 | 1,064,245 | ||||
China Shineway Pharmaceutical Group, Ltd. | 294,000 | 402,025 | ||||
Consun Pharmaceutical Group, Ltd. | 609,000 | 485,650 | ||||
CSPC Pharmaceutical Group, Ltd. | 2,660,000 | 5,649,810 | ||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H | 202,000 | 720,239 | ||||
Hua Han Health Industry Holdings, Ltd. (a) (b) (e) | 3,728,400 | — | ||||
Luye Pharma Group, Ltd. (a) (c) | 1,089,000 | 976,981 | ||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H | 214,000 | 843,704 | ||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. Class H | 515,000 | 263,920 | ||||
Sihuan Pharmaceutical Holdings Group, Ltd. | 1,298,000 | 265,409 | ||||
Sino Biopharmaceutical, Ltd. | 4,625,500 | 4,315,218 | ||||
SSY Group, Ltd. | 1,916,332 | 1,851,458 | ||||
Tong Ren Tang Technologies Co., Ltd. Class H (a) | 423,000 | 619,507 | ||||
United Laboratories International Holdings, Ltd. | 592,000 | 525,052 | ||||
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H (c) | 93,600 | 389,357 | ||||
19,534,004 | ||||||
PROFESSIONAL SERVICES — 0.1% | ||||||
51job, Inc. ADR (b) | 13,572 | 1,044,908 | ||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 5.3% | ||||||
Agile Group Holdings, Ltd. | 1,218,747 | 1,722,622 | ||||
Beijing Capital Land, Ltd. Class H | 844,000 | 309,560 | ||||
Carnival Group International Holdings, Ltd. (a) (b) | 6,866,800 | 195,695 | ||||
China Evergrande Group (a) | 1,912,600 | 5,365,125 | ||||
China Jinmao Holdings Group, Ltd. | 1,642,000 | 747,041 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
China Overseas Land & Investment, Ltd. | 2,513,862 | $ 7,870,978 | ||||
China Overseas Property Holdings, Ltd. | 932,620 | 268,169 | ||||
China Resources Land, Ltd. | 1,762,555 | 6,171,837 | ||||
China South City Holdings, Ltd. | 2,166,000 | 354,315 | ||||
China Vanke Co., Ltd. Class H | 883,364 | 2,923,888 | ||||
CIFI Holdings Group Co., Ltd. | 1,972,000 | 907,258 | ||||
Colour Life Services Group Co., Ltd. (b) | 279,000 | 160,806 | ||||
Country Garden Holdings Co., Ltd. | 4,324,500 | 5,454,743 | ||||
Future Land Development Holdings, Ltd. | 578,000 | 374,504 | ||||
Greentown China Holdings, Ltd. | 381,000 | 355,929 | ||||
Guangzhou R&F Properties Co., Ltd. Class H | 856,224 | 1,573,503 | ||||
Hopson Development Holdings, Ltd. (a) | 390,000 | 331,940 | ||||
Jiayuan International Group, Ltd. | 366,000 | 626,768 | ||||
Kaisa Group Holdings, Ltd. (b) | 911,000 | 292,222 | ||||
KWG Group Holdings, Ltd. | 829,806 | 759,295 | ||||
Logan Property Holdings Co., Ltd. | 346,000 | 390,885 | ||||
Longfor Group Holdings, Ltd. (b) | 907,500 | 2,342,714 | ||||
Poly Property Group Co., Ltd. | 1,320,000 | 465,591 | ||||
Redco Group (a) (c) | 398,200 | 202,538 | ||||
Renhe Commercial Holdings Co., Ltd. (a) (b) | 8,571,000 | 290,268 | ||||
Shanghai Jinqiao Export Processing Zone Development Co., Ltd. Class B | 297,650 | 351,822 | ||||
Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B | 779,960 | 1,068,545 | ||||
Shenzhen Investment, Ltd. | 1,930,606 | 616,815 | ||||
Shimao Property Holdings, Ltd. | 908,941 | 2,267,445 | ||||
Shui On Land, Ltd. | 3,100,500 | 721,148 | ||||
Sino-Ocean Group Holding, Ltd. | 2,609,712 | 1,150,623 | ||||
Skyfame Realty Holdings, Ltd. | 198,000 | 123,989 | ||||
SOHO China, Ltd. | 934,500 | 363,056 | ||||
Sunac China Holdings, Ltd. (a) | 1,261,300 | 3,884,692 | ||||
Suncity Group Holdings, Ltd. (b) | 3,041,376 | 520,830 | ||||
Yanlord Land Group, Ltd. | 409,100 | 443,128 | ||||
Yuexiu Property Co., Ltd. | 6,448,000 | 1,153,651 | ||||
Yuzhou Properties Co., Ltd. | 2,500,840 | 1,016,329 | ||||
Zall Group, Ltd. (a) | 1,545,000 | 1,162,961 | ||||
55,303,228 | ||||||
ROAD & RAIL — 0.1% | ||||||
CAR, Inc. (a) (b) | 813,300 | 643,373 | ||||
Dazhong Transportation Group Co., Ltd. Class B | 372,000 | 165,168 | ||||
Guangshen Railway Co., Ltd. Class H (a) | 1,480,000 | 661,989 | ||||
1,470,530 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||
Daqo New Energy Corp. ADR (b) | 3,400 | 88,774 | ||||
GCL-Poly Energy Holdings, Ltd. (a) (b) | 7,241,000 | 508,959 |
Security Description | Shares | Value | ||||
Hanergy Thin Film Power Group, Ltd. (a) (b) (e) | 17,589,376 | $ — | ||||
Hua Hong Semiconductor, Ltd. (c) | 171,000 | 368,447 | ||||
JinkoSolar Holding Co., Ltd. ADR (a) (b) | 13,386 | 144,167 | ||||
Semiconductor Manufacturing International Corp. (a) (b) | 1,926,600 | 2,078,046 | ||||
Shunfeng International Clean Energy, Ltd. (b) | 670,000 | 28,684 | ||||
Xinyi Solar Holdings, Ltd. (a) | 2,671,803 | 822,892 | ||||
4,039,969 | ||||||
SOFTWARE — 0.3% | ||||||
Boyaa Interactive International, Ltd. (b) | 302,000 | 72,558 | ||||
Cheetah Mobile, Inc. ADR (a) (b) | 15,410 | 151,480 | ||||
Kingdee International Software Group Co., Ltd. (a) | 1,070,000 | 1,165,050 | ||||
Kingsoft Corp., Ltd. | 520,000 | 991,502 | ||||
Leyou Technologies Holdings, Ltd. (b) | 280,000 | 91,247 | ||||
NetDragon Websoft Holdings, Ltd. (a) | 208,000 | 435,410 | ||||
Shanghai Baosight Software Co., Ltd. Class B | 345,500 | 628,465 | ||||
Xunlei, Ltd. ADR (b) | 8,700 | 63,162 | ||||
3,598,874 | ||||||
SPECIALTY RETAIL — 0.3% | ||||||
China Harmony New Energy Auto Holding, Ltd. (a) | 822,500 | 342,669 | ||||
GOME Retail Holdings, Ltd. (a) (b) | 7,173,279 | 733,380 | ||||
Grand Baoxin Auto Group, Ltd. | 858,074 | 253,313 | ||||
Hengdeli Holdings, Ltd. (b) | 2,576,895 | 103,736 | ||||
Zhongsheng Group Holdings, Ltd. | 541,500 | 1,318,993 | ||||
2,752,091 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.4% | ||||||
Coolpad Group, Ltd. (b) (e) | 2,629,400 | — | ||||
Legend Holdings Corp. Class H (c) | 148,600 | 455,776 | ||||
Lenovo Group, Ltd. (a) | 4,674,000 | 3,416,693 | ||||
Meitu, Inc. (a) (b) (c) | 1,123,000 | 786,469 | ||||
4,658,938 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.1% | ||||||
ANTA Sports Products, Ltd. | 628,000 | 3,013,636 | ||||
Bosideng International Holdings, Ltd. | 3,200,000 | 449,846 | ||||
China Dongxiang Group Co., Ltd. | 3,151,000 | 527,522 | ||||
Cosmo Lady China Holdings Co., Ltd. (a) (c) | 301,000 | 131,942 | ||||
Lao Feng Xiang Co., Ltd. Class B | 172,911 | 562,825 | ||||
Li Ning Co., Ltd. (b) | 1,394,207 | 1,318,500 | ||||
Shenzhou International Group Holdings, Ltd. | 425,000 | 5,453,105 | ||||
11,457,376 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | ||||
TRADING COMPANIES & DISTRIBUTORS — 0.0% (d) | ||||||
CITIC Resources Holdings, Ltd. (a) | 1,806,000 | $ 177,717 | ||||
TRANSPORTATION INFRASTRUCTURE — 1.0% | ||||||
Anhui Expressway Co., Ltd. Class H | 612,000 | 371,506 | ||||
Beijing Capital International Airport Co., Ltd. Class H | 1,185,939 | 1,441,332 | ||||
China Merchants Port Holdings Co., Ltd. | 912,663 | 1,747,203 | ||||
COSCO SHIPPING International Hong Kong Co., Ltd. | 606,000 | 219,170 | ||||
COSCO SHIPPING Ports, Ltd. | 1,112,980 | 1,224,649 | ||||
Dalian Port PDA Co., Ltd. Class H (a) | 1,182,200 | 148,060 | ||||
Jiangsu Expressway Co., Ltd. Class H | 822,795 | 1,055,715 | ||||
Qingdao Port International Co., Ltd. Class H (b) (c) | 874,000 | 619,906 | ||||
Regal International Airport Group Co., Ltd. Class H | 387,000 | 340,268 | ||||
Shenzhen Expressway Co., Ltd. Class H | 646,000 | 648,898 | ||||
Shenzhen International Holdings, Ltd. | 786,384 | 1,624,042 | ||||
Sichuan Expressway Co., Ltd. Class H | 804,000 | 248,652 | ||||
Xiamen International Port Co., Ltd. Class H | 985,000 | 139,727 | ||||
Yuexiu Transport Infrastructure, Ltd. (a) | 376,000 | 298,401 | ||||
Zhejiang Expressway Co., Ltd. Class H | 858,000 | 713,821 | ||||
10,841,350 | ||||||
WATER UTILITIES — 0.6% | ||||||
Beijing Enterprises Water Group, Ltd. (b) | 3,404,000 | 1,814,040 | ||||
China Water Affairs Group, Ltd. | 396,000 | 443,829 | ||||
CT Environmental Group, Ltd. (a) | 1,736,400 | 201,936 | ||||
Guangdong Investment, Ltd. | 2,124,000 | 3,773,032 | ||||
Kangda International Environmental Co., Ltd. (b) (c) | 750,000 | 100,640 | ||||
6,333,477 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.2% | ||||||
China Mobile, Ltd. | 3,341,004 | 32,940,799 | ||||
TOTAL COMMON STOCKS (Cost $908,672,905) | 1,032,853,904 |
Security Description | Shares | Value | ||||
RIGHTS — 0.0% (d) | ||||||
METALS & MINING — 0.0% (d) | ||||||
Munsun Capital Group, Ltd. (expired 9/18/18) (b) (f) (Cost $156,417) | 1,159,600 | $ 4,446 | ||||
TOTAL RIGHTS (Cost $156,417) | 4,446 | |||||
SHORT-TERM INVESTMENTS — 1.5% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (g) (h) | 539,688 | 539,688 | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (g) (i) | 14,615,815 | 14,615,815 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $15,155,503) | 15,155,503 | |||||
TOTAL INVESTMENTS — 100.8% (Cost $923,984,825) | 1,048,013,853 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)% | (8,413,106) | |||||
NET ASSETS — 100.0% | $ 1,039,600,747 |
(a) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(b) | Non-income producing security. |
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 2.2% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(d) | Amount is less than 0.05% of net assets. |
(e) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of the securities is $0, representing 0.0% of the Fund's net assets. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $457,497, representing less than 0.05% of net assets. |
(g) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(h) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(i) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Aerospace & Defense | $ 1,128,950 | $ — | $ — | $ 1,128,950 | ||||
Air Freight & Logistics | 3,417,034 | — | — | 3,417,034 | ||||
Airlines | 3,414,610 | — | — | 3,414,610 | ||||
Auto Components | 5,407,601 | — | — | 5,407,601 | ||||
Automobiles | 20,356,177 | — | — | 20,356,177 | ||||
Banks | 153,605,409 | — | — | 153,605,409 | ||||
Beverages | 5,643,806 | — | — | 5,643,806 | ||||
Biotechnology | 7,299,994 | — | — | 7,299,994 | ||||
Building Products | 200,299 | — | — | 200,299 | ||||
Capital Markets | 12,638,296 | — | — | 12,638,296 | ||||
Chemicals | 2,779,811 | — | 0(a) | 2,779,811 | ||||
Commercial Services & Supplies | 3,945,058 | — | — | 3,945,058 | ||||
Communications Equipment | 2,684,412 | 106,410 | 0(a) | 2,790,822 | ||||
Construction & Engineering | 10,705,650 | — | — | 10,705,650 | ||||
Construction Materials | 8,702,083 | — | 0(a) | 8,702,083 | ||||
Consumer Finance | 989,551 | — | — | 989,551 | ||||
Containers & Packaging | 458,090 | — | — | 458,090 | ||||
Distributors | 399,090 | — | — | 399,090 | ||||
Diversified Consumer Services | 12,548,131 | — | — | 12,548,131 | ||||
Diversified Financial Services | 1,094,902 | — | — | 1,094,902 | ||||
Diversified Telecommunication Services | 11,022,612 | — | — | 11,022,612 | ||||
Electrical Equipment | 5,839,040 | 38,944 | — | 5,877,984 | ||||
Electronic Equipment, Instruments & Components | 13,880,171 | — | 0(a) | 13,880,171 | ||||
Energy Equipment & Services | 1,774,066 | — | — | 1,774,066 | ||||
Entertainment | 11,795,696 | — | — | 11,795,696 | ||||
Food & Staples Retailing | 1,854,540 | — | — | 1,854,540 | ||||
Food Products | 19,523,181 | 180,963 | 0(a) | 19,704,144 | ||||
Gas Utilities | 8,864,538 | — | — | 8,864,538 | ||||
Health Care Equipment & Supplies | 1,800,573 | — | — | 1,800,573 | ||||
Health Care Providers & Services | 5,878,189 | — | — | 5,878,189 | ||||
Health Care Technology | 956,143 | — | — | 956,143 | ||||
Hotels, Restaurants & Leisure | 13,091,620 | — | — | 13,091,620 | ||||
Household Durables | 3,275,570 | — | — | 3,275,570 | ||||
Household Products | 738,565 | — | — | 738,565 | ||||
Independent Power and Renewable Electricity Producers | 11,131,416 | — | — | 11,131,416 | ||||
Industrial Conglomerates | 7,023,540 | — | — | 7,023,540 | ||||
Insurance | 60,832,987 | — | — | 60,832,987 | ||||
Internet & Catalog Retail | 10,328,099 | — | — | 10,328,099 | ||||
Interactive Media & Services | 192,159,847 | 126,734 | — | 192,286,581 | ||||
Internet & Direct Marketing Retail | 138,899,403 | — | — | 138,899,403 | ||||
IT Services | 5,452,483 | — | — | 5,452,483 | ||||
Life Sciences Tools & Services | 2,759,837 | — | — | 2,759,837 | ||||
Machinery | 14,397,497 | — | — | 14,397,497 | ||||
Marine | 1,969,227 | — | — | 1,969,227 | ||||
Media | 2,166,560 | — | — | 2,166,560 | ||||
Metals & Mining | 9,499,722 | — | 0(a) | 9,499,722 | ||||
Multiline Retail | 728,866 | — | — | 728,866 | ||||
Oil, Gas & Consumable Fuels | 56,059,591 | — | — | 56,059,591 | ||||
Paper & Forest Products | 2,387,018 | — | — | 2,387,018 |
Table of Contents
SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Personal Products | $ 4,738,041 | $ — | $ — | $ 4,738,041 | ||||
Pharmaceuticals | 19,534,004 | — | 0(a) | 19,534,004 | ||||
Professional Services | 1,044,908 | — | — | 1,044,908 | ||||
Real Estate Management & Development | 55,303,228 | — | — | 55,303,228 | ||||
Road & Rail | 1,470,530 | — | — | 1,470,530 | ||||
Semiconductors & Semiconductor Equipment | 4,039,969 | — | 0(a) | 4,039,969 | ||||
Software | 3,598,874 | — | — | 3,598,874 | ||||
Specialty Retail | 2,752,091 | — | — | 2,752,091 | ||||
Technology Hardware, Storage & Peripherals | 4,658,938 | — | 0(a) | 4,658,938 | ||||
Textiles, Apparel & Luxury Goods | 11,457,376 | — | — | 11,457,376 | ||||
Trading Companies & Distributors | 177,717 | — | — | 177,717 | ||||
Transportation Infrastructure | 10,841,350 | — | — | 10,841,350 | ||||
Water Utilities | 6,333,477 | — | — | 6,333,477 | ||||
Wireless Telecommunication Services | 32,940,799 | — | — | 32,940,799 | ||||
Rights | ||||||||
Metals & Mining | — | 4,446 | — | 4,446 | ||||
Short-Term Investments | 15,155,503 | — | — | 15,155,503 | ||||
TOTAL INVESTMENTS | $1,047,556,356 | $457,497 | $ 0 | $1,048,013,853 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 2,785,729 | $ 2,785,729 | $ 71,959,236 | $ 74,205,277 | $— | $— | 539,688 | $ 539,688 | $ 24,359 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 22,187,451 | 22,187,451 | 121,229,540 | 128,801,176 | — | — | 14,615,815 | 14,615,815 | 659,391 | — | |||||||||
Total | $24,973,180 | $193,188,776 | $203,006,453 | $— | $— | $15,155,503 | $683,750 | $— |
122 | ARGXC |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
COMMON STOCKS — 99.5% | |||||
AUSTRALIA — 6.1% | |||||
Abacus Property Group REIT | 163,317 | $ 402,953 | |||
Accent Group, Ltd. | 266,878 | 314,752 | |||
AET&D Holdings No. 1 Pty, Ltd. (a)(b)(c) | 110,316 | — | |||
Altura Mining, Ltd. (b) | 1,626,368 | 276,538 | |||
AMA Group, Ltd. | 320,898 | 257,726 | |||
Appen, Ltd. | 53,197 | 537,715 | |||
ARB Corp., Ltd. | 41,977 | 581,937 | |||
Ardent Leisure Group | 124,669 | 161,015 | |||
Arena REIT | 175,733 | 300,078 | |||
ARQ Group, Ltd. (c) | 159,739 | 272,767 | |||
Astro Japan Property Group REIT (a)(b) | 33,776 | — | |||
Atlas Iron, Ltd. (b) | 8,519,073 | 265,051 | |||
Aurelia Metals, Ltd. (b) | 534,031 | 282,071 | |||
Ausdrill, Ltd. | 211,122 | 270,381 | |||
Australian Agricultural Co., Ltd. (b)(c) | 189,278 | 175,984 | |||
Australian Pharmaceutical Industries, Ltd. | 303,874 | 379,272 | |||
Australian Property Systems, Ltd. (b) | 94,436 | 455,072 | |||
Aveo Group | 122,011 | 178,328 | |||
Bapcor, Ltd. | 102,261 | 566,771 | |||
BCI Minerals, Ltd. (b) | 3 | — | |||
Bega Cheese, Ltd. (c) | 86,028 | 423,892 | |||
Bellamy's Australia, Ltd. (b) | 47,161 | 349,082 | |||
Bingo Industries, Ltd. | 254,536 | 578,293 | |||
Bravura Solutions, Ltd. | 86,845 | 277,110 | |||
Breville Group, Ltd. | 58,179 | 550,608 | |||
Brickworks, Ltd. | 40,470 | 513,022 | |||
Bubs Australia, Ltd. (b) | 577,099 | 265,151 | |||
Buru Energy, Ltd. (b) | 12 | 2 | |||
BWP Trust REIT | 166,847 | 403,212 | |||
BWX, Ltd. (c) | 58,131 | 151,419 | |||
Cabcharge Australia, Ltd. | 115,106 | 189,057 | |||
Cedar Woods Properties, Ltd. | 58,656 | 244,033 | |||
Central Petroleum, Ltd. (b) | 21 | 2 | |||
Charter Hall Long Wale REIT | 73,350 | 222,904 | |||
Charter Hall Retail REIT | 246,348 | 755,759 | |||
Class, Ltd. | 177,129 | 274,266 | |||
Collins Foods, Ltd. | 50,945 | 228,171 | |||
Cooper Energy, Ltd. (b)(c) | 905,419 | 298,078 | |||
Costa Group Holdings, Ltd. | 187,087 | 965,166 | |||
Credit Corp. Group, Ltd. (c) | 27,419 | 441,617 | |||
Cromwell Property Group REIT | 477,865 | 369,963 | |||
CSR, Ltd. | 251,866 | 687,036 | |||
Dacian Gold, Ltd. (b)(c) | 127,084 | 205,052 | |||
Data#3, Ltd. | 6 | 6 | |||
Domain Holdings Australia, Ltd. | 99,668 | 252,402 | |||
Eclipx Group, Ltd. | 146,021 | 271,530 | |||
Elders, Ltd. | 62,255 | 319,366 | |||
Emeco Holdings, Ltd. (b) | 1,217,582 | 303,939 | |||
EML Payments, Ltd. (b) | 187,036 | 215,175 | |||
ERM Power, Ltd. | 223,626 | 272,641 | |||
Estia Health, Ltd. | 99,228 | 170,158 |
Security Description | Shares | Value | |||
Evolution Mining, Ltd. | 45 | $ 86 | |||
Fairfax Media, Ltd. | 1,041,961 | 621,977 | |||
FAR, Ltd. (b)(c) | 4,248,998 | 353,552 | |||
Fleetwood Corp., Ltd. | 30 | 51 | |||
Folkestone Education Trust REIT | 144,376 | 294,586 | |||
Galaxy Resources, Ltd. (b)(c) | 162,336 | 292,471 | |||
Gateway Lifestyle | 171,986 | 278,747 | |||
GDI Property Group REIT | 217,348 | 207,586 | |||
Genworth Mortgage Insurance Australia, Ltd. (c) | 88,579 | 157,665 | |||
Global Geoscience, Ltd. (b) | 1,192,670 | 258,887 | |||
Gold Road Resources, Ltd. (b)(c) | 455,896 | 224,307 | |||
GrainCorp, Ltd. Class A | 104,609 | 597,950 | |||
Greenland Minerals, Ltd. (b) | 75 | 4 | |||
Growthpoint Properties Australia, Ltd. REIT | 78,488 | 220,913 | |||
GUD Holdings, Ltd. | 45,572 | 477,128 | |||
GWA Group, Ltd. | 133,511 | 301,398 | |||
Hansen Technologies, Ltd. | 97,155 | 262,206 | |||
Horizon Oil, Ltd. (b) | 54 | 6 | |||
Hotel Property Investments REIT | 83,572 | 191,081 | |||
HT&E, Ltd. (c) | 69,904 | 151,737 | |||
HUB24, Ltd. | 29,643 | 272,821 | |||
Icon Energy, Ltd. (b) | 24 | — | |||
IDP Education, Ltd. | 48,216 | 359,682 | |||
Imdex, Ltd. (b) | 309,794 | 266,740 | |||
IMF Bentham, Ltd. | 115,420 | 253,042 | |||
Independence Group NL (c) | 136,447 | 460,064 | |||
Industria REIT | 99,112 | 194,341 | |||
Infigen Energy (b) | 4,680 | 1,998 | |||
Ingenia Communities Group REIT | 63,414 | 137,650 | |||
Inghams Group, Ltd. (c) | 84,960 | 238,515 | |||
Integrated Research, Ltd. | 142,550 | 281,578 | |||
InvoCare, Ltd. (c) | 125,966 | 1,126,524 | |||
IPH, Ltd. | 103,757 | 451,942 | |||
IRESS, Ltd. | 53,959 | 496,615 | |||
Jacana Minerals, Ltd. (a)(b)(c) | 12,051 | — | |||
Jupiter Mines, Ltd. | 954,136 | 234,724 | |||
Karoon Gas Australia, Ltd. (b)(c) | 325,144 | 261,136 | |||
Kidman Resources, Ltd. (b) | 350,785 | 269,039 | |||
Kingsgate Consolidated, Ltd. (b) | 1,369 | 213 | |||
Kogan.com, Ltd. | 60,851 | 249,203 | |||
Liquefied Natural Gas, Ltd. (b)(c) | 258,384 | 129,933 | |||
Lovisa Holdings, Ltd. | 36,399 | 271,529 | |||
Lynas Corp., Ltd. (b)(c) | 359,662 | 415,072 | |||
MACA, Ltd. | 313,698 | 275,776 | |||
Mayne Pharma Group, Ltd. (b) | 937,812 | 882,120 | |||
McMillan Shakespeare, Ltd. | 41,773 | 515,938 | |||
Mesoblast, Ltd. (b)(c) | 206,298 | 320,924 | |||
Metcash, Ltd. | 478,187 | 1,037,977 | |||
Mincor Resources NL (b) | 9 | 2 | |||
Monadelphous Group, Ltd. (c) | 46,885 | 545,492 | |||
Monash IVF Group, Ltd. | 319,465 | 253,108 | |||
Money3 Corp., Ltd. | 165,649 | 263,682 | |||
Mount Gibson Iron, Ltd. | 50,202 | 16,709 | |||
Myer Holdings, Ltd. (c) | 438,480 | 161,804 | |||
MYOB Group, Ltd. | 236,871 | 517,592 | |||
Nanosonics, Ltd. (b)(c) | 155,861 | 404,856 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Navigator Global Investments, Ltd. | 61,796 | $ 237,871 | |||
Navitas, Ltd. (c) | 145,261 | 469,813 | |||
nearmap, Ltd. (b) | 198,778 | 248,100 | |||
Netwealth Group, Ltd. (c) | 44,113 | 252,471 | |||
New Century Resources, Ltd. (b) | 345,702 | 247,631 | |||
New South Resources, Ltd. (b) | 298,108 | 360,213 | |||
NEXTDC, Ltd. (b) | 189,834 | 892,804 | |||
Nick Scali, Ltd. (c) | 41,813 | 194,835 | |||
Nine Entertainment Co. Holdings, Ltd. (c) | 401,824 | 657,072 | |||
NRW Holdings, Ltd. (b) | 197,321 | 298,393 | |||
Nufarm, Ltd. | 96,246 | 466,580 | |||
OceanaGold Corp. | 331,399 | 999,889 | |||
OFX Group, Ltd. | 226,334 | 373,382 | |||
oOh!media, Ltd. | 130,197 | 483,267 | |||
Orocobre, Ltd. (b)(c) | 97,087 | 296,444 | |||
Perpetual, Ltd. | 27,345 | 842,268 | |||
Perseus Mining, Ltd. (b) | 562,604 | 154,687 | |||
Pilbara Minerals, Ltd. (b)(c) | 1,114,353 | 725,661 | |||
Praemium, Ltd. (b) | 329,771 | 264,853 | |||
Primary Health Care, Ltd. | 332,733 | 731,877 | |||
Propertylink Group REIT (c) | 368,849 | 297,572 | |||
Quintis, Ltd. (a)(b)(c) | 148,677 | — | |||
Regis Healthcare, Ltd. | 100,833 | 210,848 | |||
Regis Resources, Ltd. | 303,108 | 815,848 | |||
Resolute Mining, Ltd. | 310,701 | 243,916 | |||
Rural Funds Group REIT | 167,437 | 264,105 | |||
Sandfire Resources NL | 108,294 | 582,186 | |||
Saracen Mineral Holdings, Ltd. (b) | 473,016 | 638,298 | |||
Service Stream, Ltd. | 222,144 | 289,318 | |||
Seven West Media, Ltd. | 486,102 | 351,719 | |||
SG Fleet Group, Ltd. | 74,282 | 202,625 | |||
Shopping Centres Australasia Property Group REIT | 328,685 | 570,768 | |||
Silver Lake Resources, Ltd. (b) | 275,524 | 102,668 | |||
Slater & Gordon, Ltd. (b) | 41 | 82 | |||
SmartGroup Corp., Ltd. | 46,375 | 399,636 | |||
SolGold PLC (b)(c) | 681,341 | 326,525 | |||
Southern Cross Media Group, Ltd. | 500,513 | 467,169 | |||
SpeedCast International, Ltd. (c) | 125,548 | 364,270 | |||
St Barbara, Ltd. | 285,307 | 720,455 | |||
Starpharma Holdings, Ltd. (b) | 239,332 | 274,472 | |||
Steadfast Group, Ltd. | 383,449 | 790,717 | |||
Strandline Resources, Ltd. (b) | 53 | 6 | |||
Sundance Energy Australia, Ltd. (b) | 4,646,766 | 272,336 | |||
Super Retail Group, Ltd. (c) | 57,916 | 371,699 | |||
Superloop, Ltd. | 104,739 | 168,240 | |||
Tap Oil, Ltd. (b) | 9 | 1 | |||
Tassal Group, Ltd. | 130,021 | 425,227 | |||
Technology One, Ltd. (c) | 129,484 | 522,780 | |||
Tiger Resources, Ltd. (a)(b) | 2,464 | — | |||
Villa World, Ltd. | 166,419 | 251,662 | |||
Virtus Health, Ltd. | 16,654 | 67,480 | |||
Vita Group, Ltd. | 156 | 115 | |||
Viva Energy REIT | 163,798 | 260,735 |
Security Description | Shares | Value | |||
Vocus Group, Ltd. (b)(c) | 331,745 | $ 787,312 | |||
Webjet, Ltd. | 73,581 | 821,486 | |||
Westgold Resources, Ltd. (b) | 95,937 | 88,157 | |||
53,485,746 | |||||
AUSTRIA — 0.4% | |||||
AT&S Austria Technologie & Systemtechnik AG | 12,474 | 288,322 | |||
DO & Co. AG | 3,599 | 316,387 | |||
FACC AG | 11,203 | 255,561 | |||
Palfinger AG | 5,371 | 179,666 | |||
POLYTEC Holding AG (c) | 4,328 | 55,096 | |||
Porr AG (c) | 8,002 | 237,005 | |||
S IMMO AG | 30,921 | 617,733 | |||
S&T AG | 23,267 | 681,561 | |||
Schoeller-Bleckmann Oilfield Equipment AG | 4,955 | 543,582 | |||
3,174,913 | |||||
BELGIUM — 1.2% | |||||
Aedifica SA REIT | 7,687 | 693,740 | |||
AGFA-Gevaert NV (b) | 92,929 | 426,783 | |||
Balta Group NV (d) | 47,791 | 244,241 | |||
Barco NV | 12,702 | 1,702,539 | |||
Befimmo SA REIT | 7,235 | 413,030 | |||
Bekaert SA | 23,639 | 588,122 | |||
Biocartis NV (b)(d) | 18,018 | 257,832 | |||
Econocom Group SA (c) | 49,802 | 161,966 | |||
Euronav NV | 98,114 | 847,858 | |||
Exmar NV (b) | 36,037 | 222,679 | |||
Fagron | 14,941 | 288,943 | |||
Intervest Offices & Warehouses NV REIT | 9,683 | 257,552 | |||
Ion Beam Applications (b)(c) | 11,050 | 225,888 | |||
Kinepolis Group NV | 3,483 | 208,343 | |||
Materialise NV ADR (b) | 18,700 | 258,060 | |||
MDxHealth (b)(c) | 52,179 | 168,484 | |||
Mithra Pharmaceuticals SA (b)(c) | 7,410 | 253,037 | |||
Radisson Hospitality AB (b) | 70,972 | 290,888 | |||
Recticel SA | 30,245 | 332,326 | |||
Retail Estates NV REIT | 5,413 | 464,624 | |||
Sipef NV | 4,186 | 253,312 | |||
Tessenderlo Group SA (b) | 27,921 | 1,037,767 | |||
Van de Velde NV | 8,908 | 262,805 | |||
X-Fab Silicon Foundries SE (c)(d) | 45,415 | 350,784 | |||
10,211,603 | |||||
CANADA — 8.3% | |||||
Aecon Group, Inc. | 29,088 | 365,232 | |||
Ag Growth International, Inc. | 6,523 | 317,622 | |||
Aimia, Inc. (b)(c) | 94,235 | 330,253 | |||
Alamos Gold, Inc. Class A | 225,300 | 1,033,598 | |||
Altius Minerals Corp. (c) | 37,432 | 365,459 | |||
Altus Group, Ltd. (c) | 19,589 | 463,886 | |||
Arbutus Biopharma Corp. (b)(c)(e) | 29,351 | 277,367 | |||
Arbutus Biopharma Corp. (b)(e)(f) | 11,276 | 106,665 | |||
Aritzia, Inc. (b) | 32,787 | 433,998 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Artis Real Estate Investment Trust | 47,282 | $ 429,803 | |||
Asanko Gold, Inc. (b)(c) | 90,138 | 71,129 | |||
Athabasca Oil Corp. (b) | 160,142 | 196,987 | |||
Atrium Mortgage Investment Corp. (c) | 35,763 | 379,598 | |||
ATS Automation Tooling Systems, Inc. (b) | 34,461 | 640,379 | |||
Australis Capital, Inc. (b) | 7,412 | 13,246 | |||
AutoCanada, Inc. (c) | 16,979 | 179,037 | |||
Badger Daylighting, Ltd. (c) | 15,515 | 355,287 | |||
Ballard Power Systems, Inc. (b)(c) | 73,280 | 314,073 | |||
Baytex Energy Corp. (b) | 163,588 | 474,590 | |||
Birchcliff Energy, Ltd. (c) | 114,659 | 461,262 | |||
Black Diamond Group, Ltd. (b) | 615 | 1,589 | |||
Boardwalk Real Estate Investment Trust | 12,797 | 496,693 | |||
Bonterra Energy Corp. (c) | 21,653 | 321,629 | |||
Boralex, Inc. Class A | 25,624 | 357,420 | |||
Boston Pizza Royalties Income Fund | 19,300 | 257,562 | |||
Boyd Group Income Fund | 5,166 | 503,491 | |||
Calfrac Well Services, Ltd. (b)(c) | 24,125 | 80,815 | |||
Canaccord Genuity Group, Inc. | 55,081 | 294,027 | |||
Canacol Energy, Ltd. (b)(c) | 52,485 | 163,635 | |||
Canadian Solar, Inc. (b)(c) | 18,761 | 272,035 | |||
CannTrust Holdings, Inc. (b) | 42,100 | 413,965 | |||
CanWel Building Materials Group, Ltd. | 59,600 | 258,208 | |||
Cargojet, Inc. (c) | 7,566 | 482,431 | |||
Cascades, Inc. | 26,154 | 255,146 | |||
Celestica, Inc. (b) | 112,341 | 1,215,883 | |||
Centerra Gold, Inc. (b) | 7,665 | 30,539 | |||
CES Energy Solutions Corp. (c) | 148,912 | 490,767 | |||
Chemtrade Logistics Income Fund | 22,806 | 272,945 | |||
Chorus Aviation, Inc. (c) | 81,669 | 487,133 | |||
Cineplex, Inc. (c) | 34,981 | 947,188 | |||
Cogeco, Inc. | 4,488 | 202,283 | |||
Colossus Minerals, Inc. (a)(b) | 390 | — | |||
Cominar Real Estate Investment Trust | 55,700 | 502,446 | |||
Computer Modelling Group, Ltd. (c) | 2,040 | 13,336 | |||
Continental Gold, Inc. (b)(c) | 81,527 | 165,880 | |||
Copper Mountain Mining Corp. (b) | 303,500 | 277,062 | |||
Corus Entertainment, Inc. Class B | 81,200 | 263,212 | |||
Crew Energy, Inc. (b) | 82,895 | 120,565 | |||
CRH Medical Corp. (b) | 65,200 | 259,267 | |||
Crius Energy Trust | 52,100 | 255,945 | |||
Crombie Real Estate Investment Trust | 19,131 | 192,553 | |||
Cronos Group, Inc. (b)(c) | 87,100 | 966,954 | |||
Denison Mines Corp. (b)(c) | 320,332 | 210,647 | |||
Detour Gold Corp. (b) | 95,200 | 768,906 | |||
DIRTT Environmental Solutions (b)(c) | 31,224 | 157,738 | |||
Dream Industrial Real Estate Investment Trust | 32,400 | 253,415 |
Security Description | Shares | Value | |||
Dream Office Real Estate Investment Trust | 19,213 | $ 359,556 | |||
DREAM Unlimited Corp. Class A (b) | 49,173 | 307,379 | |||
Dundee Precious Metals, Inc. (b)(c) | 56,048 | 131,816 | |||
ECN Capital Corp. (c) | 226,933 | 661,873 | |||
Eldorado Gold Corp. (b)(c) | 21,696 | 18,967 | |||
Endeavour Mining Corp. (b)(c) | 44,463 | 693,466 | |||
Endeavour Silver Corp. (b)(c) | 42,789 | 98,316 | |||
Enercare, Inc. | 49,307 | 1,103,934 | |||
Enerflex, Ltd. (c) | 42,715 | 546,247 | |||
Enghouse Systems, Ltd. | 11,803 | 749,398 | |||
Ensign Energy Services, Inc. | 57,408 | 276,692 | |||
Equitable Group, Inc. | 6,673 | 355,539 | |||
Exchange Income Corp. (c) | 13,108 | 335,356 | |||
Exco Technologies, Ltd. | 35,500 | 259,535 | |||
Extendicare, Inc. (c) | 46,960 | 279,377 | |||
Fiera Capital Corp. | 31,397 | 303,137 | |||
Firm Capital Mortgage Investment Corp. | 31,859 | 325,097 | |||
First Majestic Silver Corp. (b)(c) | 96,877 | 549,364 | |||
Fortuna Silver Mines, Inc. (b) | 78,518 | 342,598 | |||
Freehold Royalties, Ltd. (c) | 19,242 | 165,833 | |||
GASFRAC Energy Services, Inc. (a)(b) | 21,904 | — | |||
goeasy, Ltd. | 6,500 | 256,912 | |||
Gran Tierra Energy, Inc. (b) | 203,955 | 776,310 | |||
Granite Real Estate Investment Trust | 25,319 | 1,086,527 | |||
Great Basin Gold, Ltd. (a)(b) | 266,255 | — | |||
Green Organic Dutchman Holdings, Ltd. (b)(c) | 81,500 | 454,599 | |||
Guyana Goldfields, Inc. (b) | 81,114 | 178,845 | |||
HEXO Corp. (b)(c) | 94,400 | 639,022 | |||
Home Capital Group, Inc. (b)(c) | 2,034 | 23,604 | |||
Horizon North Logistics, Inc. (c) | 132,874 | 303,248 | |||
Hudbay Minerals, Inc. | 164,100 | 830,275 | |||
Hudson's Bay Co. (c) | 63,182 | 474,134 | |||
IAMGOLD Corp. (b) | 272,600 | 1,001,741 | |||
Innergex Renewable Energy, Inc. (c) | 59,075 | 593,218 | |||
Interfor Corp. (b) | 28,619 | 423,329 | |||
International Petroleum Corp. (b) | 40,496 | 265,019 | |||
InterRent Real Estate Investment Trust | 8,336 | 75,776 | |||
Intertape Polymer Group, Inc. | 36,327 | 538,750 | |||
Ivanhoe Mines, Ltd. Class A (b) | 308,100 | 655,481 | |||
Jamieson Wellness, Inc. | 16,836 | 347,244 | |||
K-Bro Linen, Inc. | 8,900 | 263,984 | |||
Kelt Exploration, Ltd. (b) | 60,102 | 391,040 | |||
Killam Apartment Real Estate Investment Trust | 21,018 | 262,278 | |||
Kinaxis, Inc. (b) | 12,232 | 919,151 | |||
Kinder Morgan Canada, Ltd. (d) | 59,493 | 783,820 | |||
Knight Therapeutics, Inc. (b) | 73,237 | 465,734 | |||
Labrador Iron Ore Royalty Corp. (c) | 38,746 | 842,904 | |||
Laurentian Bank of Canada (c) | 26,966 | 888,714 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Lightstream Resources, Ltd. (a)(b) | 64,736 | $ — | |||
Lithium Americas Corp. (b)(c) | 30,233 | 144,780 | |||
Lucara Diamond Corp. (c) | 116,206 | 194,186 | |||
MAG Silver Corp. (b) | 52,526 | 424,239 | |||
Martinrea International, Inc. | 69,840 | 712,664 | |||
Maxar Technologies, Ltd. (c) | 33,163 | 1,091,408 | |||
Medical Facilities Corp. (c) | 16,850 | 187,063 | |||
MEG Energy Corp. (b) | 147,234 | 914,660 | |||
Morguard North American Residential Real Estate Investment Trust | 20,800 | 257,627 | |||
Morneau Shepell, Inc. (c) | 35,048 | 733,985 | |||
MTY Food Group, Inc. (c) | 9,962 | 495,171 | |||
Mullen Group, Ltd. (c) | 60,314 | 716,246 | |||
Neptune Wellness Solutions, Inc. (b) | 55,600 | 214,640 | |||
Nevsun Resources, Ltd. | 132,298 | 586,467 | |||
New Gold, Inc. (b) | 345,800 | 272,873 | |||
NexGen Energy, Ltd. (b)(c) | 153,813 | 311,767 | |||
North American Palladium, Ltd. (b) | 3 | 23 | |||
North West Co., Inc. (c) | 29,532 | 642,457 | |||
Northview Apartment Real Estate Investment Trust | 15,537 | 308,192 | |||
NorthWest Healthcare Properties Real Estate Investment Trust | 21,933 | 190,213 | |||
Novagold Resources, Inc. (b)(c) | 119,573 | 441,253 | |||
NuVista Energy, Ltd. (b) | 14,362 | 83,332 | |||
Obsidian Energy, Ltd. (b)(c) | 470,397 | 440,338 | |||
Optiva, Inc. (b) | 16 | 605 | |||
Osisko Gold Royalties, Ltd. (c) | 72,500 | 549,667 | |||
Osisko Mining, Inc. (b)(c) | 91,094 | 165,613 | |||
Painted Pony Energy, Ltd. (b)(c) | 83,948 | 213,020 | |||
Paramount Resources, Ltd. Class A (b)(c) | 17,545 | 205,366 | |||
Park Lawn Corp. | 13,000 | 267,724 | |||
Pason Systems, Inc. | 40,099 | 607,720 | |||
Pengrowth Energy Corp. (b)(c) | 240,843 | 208,683 | |||
Peyto Exploration & Development Corp. (c) | 104,700 | 901,525 | |||
Points International, Ltd. (b) | 20,800 | 292,032 | |||
Polaris Infrastructure, Inc. | 27,600 | 248,327 | |||
Poseidon Concepts Corp. (a)(b) | 43,064 | — | |||
Precision Drilling Corp. (b) | 144,885 | 499,913 | |||
Pretium Resources, Inc. (b)(c) | 109,639 | 832,937 | |||
ProMetic Life Sciences, Inc. (b)(c) | 252 | 92 | |||
Quarterhill, Inc. | 180,900 | 253,310 | |||
Recipe Unlimited Corp. | 9,271 | 208,644 | |||
Rogers Sugar, Inc. (c) | 64,075 | 274,621 | |||
Rubicon Minerals Corp. (b) | 15 | 15 | |||
Russel Metals, Inc. | 33,720 | 699,130 | |||
Sandstorm Gold, Ltd. (b)(c) | 108,023 | 401,973 | |||
Savaria Corp. | 23,798 | 368,035 | |||
Seabridge Gold, Inc. (b)(c) | 13,517 | 174,740 | |||
Secure Energy Services, Inc. (c) | 109,135 | 714,283 | |||
SEMAFO, Inc. (b)(c) | 142,911 | 336,105 | |||
ShawCor, Ltd. | 33,185 | 633,868 | |||
Sienna Senior Living, Inc. (c) | 38,379 | 508,315 | |||
Sierra Wireless, Inc. (b)(c) | 17,369 | 349,772 |
Security Description | Shares | Value | |||
SilverCrest Metals, Inc. (b) | 54 | $ 132 | |||
Slate Office REIT | 36,475 | 222,925 | |||
Sleep Country Canada Holdings, Inc. (d) | 17,022 | 379,788 | |||
Source Energy Services, Ltd. (b) | 74,900 | 243,949 | |||
Southern Pacific Resource Corp. (a)(b) | 281,142 | — | |||
Sprott, Inc. (c) | 129,677 | 301,971 | |||
SSR Mining, Inc. (b) | 67,664 | 587,859 | |||
STEP Energy Services, Ltd. (b)(c)(d) | 55,900 | 250,395 | |||
Stuart Olson, Inc. | 69 | 304 | |||
Summit Industrial Income REIT | 40,168 | 279,057 | |||
SunOpta, Inc. (b)(c) | 32,001 | 235,207 | |||
Superior Plus Corp. (c) | 86,606 | 849,578 | |||
Surge Energy, Inc. | 181,470 | 372,037 | |||
Tamarack Valley Energy, Ltd. (b)(c) | 171,107 | 665,843 | |||
Taseko Mines, Ltd. (b) | 351,000 | 276,977 | |||
Teranga Gold Corp. (b) | 33,325 | 92,297 | |||
Theratechnologies, Inc. (b)(c) | 54,531 | 366,184 | |||
Timbercreek Financial Corp. (c) | 25,904 | 187,376 | |||
TORC Oil & Gas, Ltd. (c) | 53,793 | 275,083 | |||
Torex Gold Resources, Inc. (b) | 38,226 | 324,415 | |||
TransAlta Corp. | 145,209 | 816,702 | |||
Transat AT, Inc. (b) | 41,900 | 256,729 | |||
Trican Well Service, Ltd. (b)(c) | 37,267 | 66,600 | |||
Tricon Capital Group, Inc. (c) | 67,086 | 564,673 | |||
Trinidad Drilling, Ltd. (b)(c) | 198,863 | 284,618 | |||
True North Commercial Real Estate Investment Trust | 50,900 | 261,076 | |||
Twin Butte Energy, Ltd. (a)(b) | 83,708 | — | |||
Uni-Select, Inc. (c) | 38,835 | 660,670 | |||
Valener, Inc. (c) | 10,663 | 157,478 | |||
Wesdome Gold Mines, Ltd. (b) | 94,900 | 259,899 | |||
Western Forest Products, Inc. | 192,011 | 313,433 | |||
WestJet Airlines, Ltd. (c) | 61,100 | 969,489 | |||
Westshore Terminals Investment Corp. (c) | 29,455 | 611,614 | |||
Xenon Pharmaceuticals, Inc. (b) | 19,500 | 257,400 | |||
Yangarra Resources, Ltd. (b) | 69,500 | 259,160 | |||
71,958,457 | |||||
CHINA — 0.2% | |||||
APT Satellite Holdings, Ltd. (c) | 81,300 | 29,300 | |||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 87,000 | 175,448 | |||
China Everbright Water, Ltd. | 18,619 | 4,837 | |||
China Gold International Resources Corp., Ltd. (b)(c) | 82,498 | 118,711 | |||
China Merchants Land, Ltd. | 212,000 | 31,428 | |||
China Yuchai International, Ltd. (c) | 8,233 | 142,184 | |||
Gemdale Properties & Investment Corp., Ltd. (c) | 2,752,000 | 249,705 | |||
Greenland Hong Kong Holdings, Ltd. | 195,000 | 60,307 | |||
HC Group, Inc. (b)(c) | 359,000 | 250,042 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
HengTen Networks Group, Ltd. (b) | 44,000 | $ 1,659 | |||
Nam Tai Property, Inc. (c) | 13,761 | 135,546 | |||
VSTECS Holdings, Ltd. | 534,000 | 279,799 | |||
1,478,966 | |||||
DENMARK — 0.8% | |||||
ALK-Abello A/S (b) | 3,872 | 646,504 | |||
Alm Brand A/S | 20,446 | 174,833 | |||
Amagerbanken A/S (a)(b) | 308,573 | — | |||
Bang & Olufsen A/S (b) | 30,045 | 694,460 | |||
Bavarian Nordic A/S (b)(c) | 18,160 | 478,866 | |||
H&H International A/S Class B (b)(c) | 31,220 | 570,877 | |||
Matas A/S | 27,066 | 264,743 | |||
Nilfisk Holding A/S (b) | 10,021 | 511,168 | |||
NKT A/S (b) | 15,896 | 412,976 | |||
NNIT A/S (d) | 7,946 | 220,545 | |||
OW Bunker A/S (a)(b)(c) | 9,828 | — | |||
Per Aarsleff Holding A/S | 11,833 | 447,860 | |||
Ringkjoebing Landbobank A/S | 10,703 | 566,795 | |||
RTX A/S | 9,098 | 254,504 | |||
Scandinavian Tobacco Group A/S Class A (d) | 30,512 | 468,110 | |||
Spar Nord Bank A/S | 35,595 | 330,428 | |||
Sydbank A/S | 36,216 | 1,066,114 | |||
Zealand Pharma A/S (b)(c) | 22,698 | 371,916 | |||
7,480,699 | |||||
FINLAND — 0.7% | |||||
Aktia Bank Oyj | 24,340 | 258,961 | |||
Bittium Oyj | 42,340 | 304,903 | |||
Caverion Oyj (b)(c) | 65,949 | 527,006 | |||
Citycon Oyj (c) | 124,348 | 259,397 | |||
Cramo Oyj | 28,318 | 639,079 | |||
Finnair Oyj | 28,898 | 240,661 | |||
F-Secure Oyj | 65,252 | 235,707 | |||
Oriola Oyj Class B | 35,842 | 117,606 | |||
Outotec Oyj (b) | 99,228 | 649,106 | |||
Pihlajalinna Oyj (c) | 11,677 | 146,207 | |||
Raisio Oyj Class V | 46,446 | 151,861 | |||
Ramirent Oyj | 34,934 | 282,408 | |||
Sanoma Oyj | 35,167 | 346,174 | |||
Technopolis Oyj | 51,900 | 281,215 | |||
Terveystalo Oyj (b)(d) | 27,140 | 251,870 | |||
Tikkurila Oyj (c) | 20,811 | 326,322 | |||
Tokmanni Group Corp. | 22,430 | 195,914 | |||
Uponor Oyj | 26,134 | 341,793 | |||
YIT Oyj (c) | 73,015 | 511,385 | |||
6,067,575 | |||||
FRANCE — 2.4% | |||||
Akka Technologies | 7,282 | 527,782 | |||
AKWEL | 10,383 | 219,007 | |||
Albioma SA | 12,186 | 278,834 | |||
Altamir | 14,947 | 269,095 | |||
Assystem | 2,312 | 77,876 | |||
Aubay | 5,479 | 251,691 | |||
Beneteau SA | 28,609 | 459,894 |
Security Description | Shares | Value | |||
Bigben Interactive | 22,795 | $ 282,238 | |||
Boiron SA | 3,338 | 224,871 | |||
Bonduelle SCA | 13,164 | 414,358 | |||
Cellectis SA (b) | 18,833 | 528,926 | |||
CGG SA (b) | 430,271 | 1,203,421 | |||
Chargeurs SA | 8,821 | 216,387 | |||
Cie des Alpes | 5,834 | 202,608 | |||
Claranova SADIR (b) | 227,718 | 289,886 | |||
Coface SA (b) | 43,157 | 409,536 | |||
Criteo SA ADR (b) | 35,500 | 814,370 | |||
DBV Technologies SA (b) | 15,568 | 708,100 | |||
Devoteam SA | 2,994 | 383,919 | |||
Etablissements Maurel et Prom (b) | 2,032 | 12,957 | |||
Europcar Mobility Group (d) | 57,638 | 541,597 | |||
Genfit (b)(c) | 1,830 | 42,468 | |||
GL Events (c) | 9,141 | 207,886 | |||
Groupe Crit | 2,950 | 242,933 | |||
Groupe Guillin | 7,801 | 232,864 | |||
Guerbet (c) | 3,061 | 231,098 | |||
Haulotte Group SA | 3,289 | 44,772 | |||
ID Logistics Group (b) | 1,271 | 227,935 | |||
Interparfums SA | 2,506 | 128,217 | |||
IPSOS | 15,130 | 463,237 | |||
Jacquet Metal Service SA | 18,104 | 433,172 | |||
Kaufman & Broad SA | 8,754 | 410,778 | |||
Lectra | 15,176 | 395,724 | |||
LNA Sante SA | 7,527 | 466,855 | |||
Maisons du Monde SA (d) | 29,018 | 847,329 | |||
Manitou BF SA | 6,160 | 227,882 | |||
Mercialys SA REIT | 35,423 | 571,076 | |||
Mersen SA | 7,746 | 272,159 | |||
Nanobiotix (b) | 13,892 | 259,460 | |||
Neopost SA | 18,802 | 571,732 | |||
Nexans SA | 17,988 | 565,784 | |||
Nicox (b)(c) | 18,039 | 134,409 | |||
Parrot SA (b)(c) | 34,051 | 185,886 | |||
Pierre & Vacances SA (b) | 1,078 | 35,121 | |||
Plastivaloire | 16,497 | 239,516 | |||
Rallye SA (c) | 11,084 | 129,899 | |||
SMCP SA (b)(d) | 37,617 | 1,048,611 | |||
Solocal Group (b) | 207,428 | 240,928 | |||
Solutions 30 SE (b) | 21,541 | 1,276,013 | |||
SRP Groupe SA (b)(c)(d) | 24,877 | 163,544 | |||
Ste Industrielle d'Aviation Latecoere SA (b) | 54,982 | 256,085 | |||
Synergie SA | 6,169 | 232,872 | |||
Talend SA ADR (b) | 9,374 | 653,743 | |||
Tarkett SA | 19,158 | 490,434 | |||
Valneva SE (b) | 46,405 | 202,662 | |||
Vilmorin & Cie SA | 3,724 | 259,958 | |||
Virbac SA (b) | 1,924 | 319,566 | |||
21,029,961 | |||||
GERMANY — 2.6% | |||||
ADLER Real Estate AG | 14,185 | 250,433 | |||
ADVA Optical Networking SE (b) | 12,451 | 97,617 | |||
AIXTRON SE (b) | 63,087 | 638,963 | |||
Amadeus Fire AG | 3,261 | 369,675 | |||
Aumann AG (d) | 6,940 | 480,424 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
AURELIUS Equity Opportunities SE & Co. KGaA | 15,858 | $ 839,541 | |||
Basler AG | 1,338 | 254,870 | |||
Bertrandt AG | 2,912 | 269,061 | |||
bet-at-home.com AG | 1,823 | 125,986 | |||
Biotest AG Preference Shares | 11,864 | 330,032 | |||
Borussia Dortmund GmbH & Co. KGaA | 40,760 | 363,355 | |||
CANCOM SE | 18,112 | 818,763 | |||
Cewe Stiftung & Co. KGaA | 3,273 | 272,574 | |||
Corestate Capital Holding SA (b) | 7,302 | 339,251 | |||
Deutsche Beteiligungs AG | 6,499 | 267,220 | |||
Deutsche Pfandbriefbank AG (d) | 60,026 | 899,390 | |||
Deutz AG | 63,125 | 562,362 | |||
DIC Asset AG | 44,112 | 485,718 | |||
Draegerwerk AG & Co. KGaA Preference Shares | 5,098 | 323,600 | |||
Elmos Semiconductor AG | 10,416 | 220,429 | |||
Encavis AG | 66,076 | 461,251 | |||
FinTech Group AG (b) | 8,098 | 282,175 | |||
Gerry Weber International AG (b) | 54,121 | 176,012 | |||
Gesco AG | 7,399 | 267,701 | |||
GFT Technologies SE | 12,184 | 162,603 | |||
Hamborner REIT AG | 46,663 | 493,211 | |||
Hamburger Hafen und Logistik AG | 12,440 | 292,449 | |||
Heidelberger Druckmaschinen AG (b) | 118,954 | 318,056 | |||
Hornbach Holding AG & Co. KGaA | 6,661 | 467,300 | |||
Hypoport AG (b) | 1,995 | 459,267 | |||
Indus Holding AG | 23,037 | 1,431,524 | |||
Isra Vision AG | 7,329 | 368,597 | |||
JOST Werke AG (b)(d) | 7,988 | 300,145 | |||
Kloeckner & Co. SE | 11,014 | 127,480 | |||
Koenig & Bauer AG | 8,947 | 540,381 | |||
Leifheit AG | 13,054 | 274,739 | |||
Leoni AG | 18,453 | 759,805 | |||
MBB SE | 2,488 | 249,969 | |||
Medigene AG (b) | 15,109 | 211,116 | |||
Nordex SE (b) | 40,093 | 431,499 | |||
PATRIZIA Immobilien AG | 44,846 | 861,546 | |||
Pfeiffer Vacuum Technology AG | 3,947 | 586,350 | |||
PNE AG | 76,796 | 247,972 | |||
QSC AG | 163,458 | 303,770 | |||
RHOEN-KLINIKUM AG | 10,273 | 264,176 | |||
RIB Software SE | 21,046 | 446,609 | |||
SAF-Holland SA | 33,306 | 503,678 | |||
SGL Carbon SE (b) | 24,175 | 264,647 | |||
STRATEC Biomedical AG | 3,063 | 230,182 | |||
SUESS MicroTec SE (b) | 10,863 | 176,643 | |||
Surteco Group SE | 8,547 | 217,409 | |||
Takkt AG | 16,883 | 267,475 | |||
Tom Tailor Holding SE (b) | 44,631 | 209,014 | |||
Vossloh AG | 4,283 | 223,115 | |||
VTG AG | 4,379 | 268,043 | |||
Wacker Neuson SE | 10,006 | 256,613 | |||
Washtec AG | 6,240 | 547,930 |
Security Description | Shares | Value | |||
zooplus AG (b) | 2,733 | $ 475,204 | |||
22,634,920 | |||||
GREECE — 0.0% (g) | |||||
TT Hellenic Postbank SA (a)(b) | 129,076 | — | |||
HONG KONG — 1.9% | |||||
Beijing Gas Blue Sky Holdings, Ltd. (b)(c) | 3,688,000 | 259,224 | |||
BOCOM International Holdings Co., Ltd. | 1,274,000 | 252,361 | |||
Bright Smart Securities & Commodities Group, Ltd. | 1,306,000 | 272,052 | |||
Cafe de Coral Holdings, Ltd. | 177,191 | 405,337 | |||
Century Sunshine Group Holdings, Ltd. (b) | 114,998 | 3,351 | |||
China Baoli Technologies Holdings, Ltd. (b) | 5,000 | 383 | |||
China Goldjoy Group, Ltd. | 4,224,000 | 242,917 | |||
China Household Holdings, Ltd. (a) | 780,000 | — | |||
China LNG Group, Ltd. (b)(c) | 425,499 | 63,078 | |||
China Ocean Resources Co., Ltd. (a)(b)(c) | 26,593 | — | |||
China Ruifeng Renewable Energy Holdings, Ltd. (b) | 71,200 | 5,187 | |||
China Water Industry Group, Ltd. (b)(c) | 192,000 | 33,125 | |||
China Youzan, Ltd. (b)(c) | 4,332,000 | 387,532 | |||
CK Life Sciences Int'l Holdings, Inc. | 1,466,000 | 89,928 | |||
C-Mer Eye Care Holdings, Ltd. (b) | 458,000 | 253,440 | |||
Common Splendor International Health Industry Group, Ltd. (b)(c) | 2,350,000 | 240,259 | |||
CSI Properties, Ltd. | 5,910,000 | 275,678 | |||
Digital Domain Holdings, Ltd. (b)(c) | 10,536,696 | 144,082 | |||
Emperor Capital Group, Ltd. | 5,508,000 | 278,043 | |||
Enerchina Holdings, Ltd. (c) | 4,287,770 | 227,405 | |||
Fairwood Holdings, Ltd. | 157,500 | 551,509 | |||
Far East Consortium International, Ltd. | 507,000 | 266,948 | |||
First Pacific Co., Ltd. | 1,244,000 | 613,661 | |||
Giordano International, Ltd. | 1,424,000 | 715,194 | |||
Global Cord Blood Corp. (c) | 7,528 | 52,621 | |||
Gold-Finance Holdings, Ltd. (b) | 1,126,000 | 256,141 | |||
G-Resources Group, Ltd. (b) | 21,790 | 184 | |||
HKBN, Ltd. | 549,413 | 942,264 | |||
HMV Digital China Group, Ltd. (b)(c) | 240,000 | 6,533 | |||
Honbridge Holdings, Ltd. (b)(c) | 1,412,000 | 166,014 | |||
Huanxi Media Group, Ltd. (b) | 1,140,000 | 246,214 | |||
Hutchison Telecommunications Hong Kong Holdings, Ltd. (c) | 796,000 | 314,335 | |||
K Wah International Holdings, Ltd. | 1,178,238 | 558,635 | |||
Landing International Development, Ltd. (b) | 771,720 | 248,532 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Lee's Pharmaceutical Holdings, Ltd. | 217,000 | $ 185,527 | |||
Madison Holdings Group, Ltd. (b) | 1,324,000 | 270,725 | |||
Mega Expo Holdings, Ltd. (b) | 935,000 | 267,658 | |||
OP Financial, Ltd. | 732,000 | 256,320 | |||
Pacific Basin Shipping, Ltd. | 2,895,000 | 688,149 | |||
Pacific Textiles Holdings, Ltd. | 490,000 | 417,679 | |||
Peace Mark Holdings, Ltd. (a)(b) | 504,228 | — | |||
Prosperity REIT | 600,000 | 233,102 | |||
Regina Miracle International Holdings, Ltd. (d) | 382,000 | 261,179 | |||
Road King Infrastructure, Ltd. | 609,482 | 1,046,843 | |||
Sa Sa International Holdings, Ltd. | 736,906 | 408,717 | |||
Shun Tak Holdings, Ltd. | 132,849 | 46,349 | |||
SmarTone Telecommunications Holdings, Ltd. | 234,792 | 312,660 | |||
SMI Holdings Group, Ltd. (b)(c)(f) | 624,081 | 186,629 | |||
Summit Ascent Holdings, Ltd. (b)(c) | 26,000 | 2,625 | |||
Sun Hung Kai & Co., Ltd. | 347,000 | 177,382 | |||
SUNeVision Holdings, Ltd. | 291,000 | 195,986 | |||
Sunlight Real Estate Investment Trust | 557,000 | 374,423 | |||
Superb Summit International Group, Ltd. (a)(b)(c) | 1,685,500 | — | |||
Television Broadcasts, Ltd. | 164,716 | 468,368 | |||
Texhong Textile Group, Ltd. | 230,500 | 345,239 | |||
Tongda Group Holdings, Ltd. (c) | 2,220,000 | 326,266 | |||
Tou Rong Chang Fu Group, Ltd. (b)(f) | 2,412,000 | 36,373 | |||
Town Health International Medical Group, Ltd. (a)(b)(c) | 1,848,000 | 81,478 | |||
Value Partners Group, Ltd. (c) | 436,000 | 347,133 | |||
We Solutions, Ltd. (b)(c) | 2,801,072 | 357,969 | |||
Zhaobangji Properties Holdings, Ltd. (b) | 240,000 | 376,030 | |||
Zhuguang Holdings Group Co., Ltd. (b) | 1,332,000 | 257,041 | |||
16,300,017 | |||||
INDIA — 0.0% (g) | |||||
Eros International PLC (b)(c) | 16,439 | 198,090 | |||
IRELAND — 0.8% | |||||
Amarin Corp. PLC ADR (b)(c) | 60,531 | 984,839 | |||
C&C Group PLC | 167,864 | 645,364 | |||
Cairn Homes PLC (b) | 386,616 | 660,110 | |||
Dalata Hotel Group PLC | 82,610 | 657,268 | |||
Fly Leasing, Ltd. ADR (b) | 24,770 | 349,257 | |||
Glenveagh Properties PLC (b)(d) | 234,418 | 264,108 | |||
Green REIT PLC | 325,391 | 570,692 | |||
Greencore Group PLC | 380,957 | 919,552 | |||
Hibernia REIT PLC | 387,414 | 638,973 | |||
Irish Continental Group PLC | 78,752 | 475,646 | |||
Irish Residential Properties REIT PLC | 363,225 | 623,547 | |||
Origin Enterprises PLC | 61,150 | 402,716 |
Security Description | Shares | Value | |||
Permanent TSB Group Holdings PLC (b) | 105,051 | $ 260,506 | |||
7,452,578 | |||||
ISRAEL — 1.6% | |||||
Airport City, Ltd. (b) | 44,918 | 548,471 | |||
Alony Hetz Properties & Investments, Ltd. | 34,454 | 362,335 | |||
Amot Investments, Ltd. | 53,718 | 283,644 | |||
Attunity, Ltd. (b) | 13,800 | 260,682 | |||
Bayside Land Corp. | 707 | 328,982 | |||
Ceragon Networks, Ltd. (b) | 47,991 | 161,730 | |||
Clal Insurance Enterprises Holdings, Ltd. (b) | 16,718 | 314,939 | |||
Delek Group, Ltd. | 2,198 | 371,149 | |||
Delta Galil Industries, Ltd. | 5,744 | 169,341 | |||
Electra Consumer Products 1970, Ltd. | 14,400 | 157,655 | |||
Electra, Ltd. | 2,233 | 550,727 | |||
Foamix Pharmaceuticals, Ltd. (b)(c) | 46,700 | 267,591 | |||
Formula Systems 1985, Ltd. | 4,008 | 168,424 | |||
Gazit-Globe, Ltd. | 50,363 | 459,142 | |||
Harel Insurance Investments & Financial Services, Ltd. | 44,857 | 344,921 | |||
IDI Insurance Co., Ltd. | 7,083 | 436,332 | |||
Inrom Construction Industries, Ltd. | 75,719 | 286,325 | |||
Israel Discount Bank, Ltd. Class A | 1 | 3 | |||
Ituran Location & Control, Ltd. | 14,061 | 483,698 | |||
Jerusalem Economy, Ltd. (b) | 134,878 | 378,350 | |||
Jerusalem Oil Exploration (b) | 5,710 | 351,281 | |||
Kornit Digital, Ltd. (b) | 18,851 | 412,837 | |||
Matrix IT, Ltd. | 15,675 | 187,736 | |||
Mazor Robotics, Ltd. (b) | 17,951 | 515,890 | |||
Nova Measuring Instruments, Ltd. (b) | 26,286 | 680,319 | |||
Oil Refineries, Ltd. | 1,039,778 | 518,145 | |||
Partner Communications Co., Ltd. (b) | 57,300 | 301,297 | |||
Paz Oil Co., Ltd. | 5,954 | 934,150 | |||
Phoenix Holdings, Ltd. | 44,353 | 268,104 | |||
Radware, Ltd. (b) | 27,716 | 733,643 | |||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 4,775 | 225,868 | |||
Reit 1, Ltd. | 121,980 | 495,810 | |||
Sapiens International Corp. NV | 26,689 | 315,538 | |||
Sella Capital Real Estate, Ltd. REIT | 135,678 | 242,311 | |||
Shapir Engineering and Industry, Ltd. | 71,045 | 250,285 | |||
Shikun & Binui, Ltd. (b) | 84,037 | 172,641 | |||
Shufersal, Ltd. | 61,007 | 390,920 | |||
Silicom, Ltd. (b)(c) | 6,900 | 279,864 | |||
UroGen Pharma, Ltd. (b)(c) | 6,100 | 288,103 | |||
13,899,183 | |||||
ITALY — 1.3% | |||||
Anima Holding SpA (d) | 160,834 | 790,948 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Arnoldo Mondadori Editore SpA (b) | 151,091 | $ 261,834 | |||
Ascopiave SpA | 39,185 | 137,905 | |||
Banca Carige SpA (b)(c) | 20,293,059 | 150,850 | |||
Banca Farmafactoring SpA (d) | 47,631 | 285,469 | |||
Banca IFIS SpA | 14,455 | 325,716 | |||
Banca Popolare di Sondrio SCPA | 201,859 | 770,433 | |||
Beni Stabili SpA SIIQ REIT | 390,109 | 340,966 | |||
Biesse SpA | 7,594 | 270,258 | |||
Bio On SpA (b) | 3,900 | 259,560 | |||
Cairo Communication SpA (c) | 36,848 | 133,105 | |||
Cementir Holding SpA | 35,108 | 245,483 | |||
CIR-Compagnie Industriali Riunite SpA | 89,744 | 102,466 | |||
Credito Valtellinese SpA (b)(c) | 5,448,460 | 683,465 | |||
Danieli & C Officine Meccaniche SpA | 17,977 | 324,062 | |||
doBank SpA (d) | 22,550 | 248,822 | |||
Ei Towers SpA | 14,194 | 936,423 | |||
El.En. SpA | 9,925 | 244,161 | |||
Falck Renewables SpA | 110,525 | 238,777 | |||
Fila SpA (c) | 11,127 | 226,170 | |||
Gima TT SpA (d) | 18,232 | 229,447 | |||
Gruppo MutuiOnline SpA | 12,726 | 248,916 | |||
Immobiliare Grande Distribuzione SIIQ SpA REIT | 22,219 | 170,793 | |||
Italmobiliare SpA | 2,322 | 55,963 | |||
Juventus Football Club SpA (b) | 205,359 | 350,392 | |||
Maire Tecnimont SpA | 66,250 | 298,410 | |||
MARR SpA | 12,968 | 380,474 | |||
Openjobmetis SpA agenzia per il lavoro (b) | 23,692 | 238,583 | |||
Piaggio & C SpA | 88,350 | 202,261 | |||
Prima Industrie SpA | 6,842 | 232,449 | |||
RAI Way SpA (d) | 50,722 | 257,747 | |||
Retelit SpA | 148,373 | 259,192 | |||
Societa Cattolica di Assicurazioni SC | 48,200 | 414,844 | |||
Tamburi Investment Partners SpA | 69,982 | 527,534 | |||
Technogym SpA (d) | 38,447 | 472,016 | |||
Unieuro SpA (b)(d) | 20,469 | 272,221 | |||
11,588,115 | |||||
JAPAN — 38.4% | |||||
77 Bank, Ltd. | 38,000 | 903,957 | |||
Access Co., Ltd. (b)(c) | 14,500 | 129,317 | |||
Achilles Corp. | 3,100 | 64,819 | |||
ADEKA Corp. (c) | 43,800 | 751,948 | |||
Advanced Media, Inc. (b)(c) | 15,600 | 255,044 | |||
Adways, Inc. | 10,500 | 73,491 | |||
Aeon Delight Co., Ltd. | 12,800 | 467,104 | |||
Aeon Fantasy Co., Ltd. | 7,900 | 294,550 | |||
AEON REIT Investment Corp. | 484 | 520,283 | |||
Ahresty Corp. (c) | 8,100 | 60,544 | |||
Ai Holdings Corp. | 21,600 | 500,517 | |||
Aichi Bank, Ltd. | 8,100 | 362,266 | |||
Aichi Steel Corp. | 3,200 | 122,129 | |||
Aida Engineering, Ltd. | 31,600 | 282,657 | |||
Aiful Corp. (b)(c) | 127,376 | 382,403 |
Security Description | Shares | Value | |||
Aisan Industry Co., Ltd. | 30,700 | $ 267,039 | |||
Akatsuki, Inc. | 2,300 | 95,070 | |||
Akebono Brake Industry Co., Ltd. (b)(c) | 74,300 | 167,459 | |||
Akita Bank, Ltd. | 12,100 | 319,371 | |||
Albis Co., Ltd. | 9,500 | 254,259 | |||
Alconix Corp. (c) | 14,400 | 205,379 | |||
Alpha Corp. | 20,400 | 267,247 | |||
Alpine Electronics, Inc. | 22,700 | 426,680 | |||
Altech Corp. | 14,300 | 322,044 | |||
Amano Corp. (c) | 31,600 | 660,460 | |||
Amiyaki Tei Co., Ltd. | 1,700 | 68,024 | |||
Amuse, Inc. | 9,300 | 265,281 | |||
Anest Iwata Corp. | 25,000 | 249,593 | |||
AnGes, Inc. (b)(c) | 49,800 | 248,156 | |||
Anicom Holdings, Inc. (c) | 10,800 | 357,512 | |||
AOI TYO Holdings, Inc. | 20,100 | 254,115 | |||
AOKI Holdings, Inc. | 9,800 | 133,991 | |||
Aomori Bank, Ltd. (c) | 7,600 | 230,171 | |||
Aoyama Trading Co., Ltd. | 22,400 | 688,260 | |||
Arakawa Chemical Industries, Ltd. (c) | 11,100 | 188,412 | |||
Arata Corp. (c) | 7,300 | 366,334 | |||
Arcland Sakamoto Co., Ltd. | 13,800 | 187,831 | |||
Arcland Service Holdings Co., Ltd. | 14,200 | 268,660 | |||
Arcs Co., Ltd. | 26,200 | 710,446 | |||
Arealink Co., Ltd. (c) | 11,000 | 241,625 | |||
Argo Graphics, Inc. | 8,200 | 356,993 | |||
Arisawa Manufacturing Co., Ltd. (c) | 14,100 | 120,909 | |||
Aruhi Corp. (b) | 11,900 | 247,356 | |||
As One Corp. | 3,800 | 284,034 | |||
Asahi Holdings, Inc. | 24,873 | 455,043 | |||
ASAHI YUKIZAI Corp. | 11,000 | 261,575 | |||
Asanuma Corp. | 8,200 | 266,391 | |||
Asia Pile Holdings Corp. | 6,600 | 49,390 | |||
ASKA Pharmaceutical Co., Ltd. | 11,000 | 151,561 | |||
ASKUL Corp. (c) | 11,800 | 354,255 | |||
Atom Corp. (c) | 15,400 | 138,700 | |||
Aucnet, Inc. (c) | 20,800 | 232,017 | |||
Autobacs Seven Co., Ltd. (c) | 44,900 | 770,832 | |||
Avex, Inc. (c) | 19,400 | 276,862 | |||
Awa Bank, Ltd. | 48,800 | 1,514,461 | |||
Axial Retailing, Inc. | 6,900 | 246,635 | |||
Bando Chemical Industries, Ltd. | 32,700 | 389,227 | |||
Bank of Iwate, Ltd. | 8,000 | 349,342 | |||
Bank of Nagoya, Ltd. (c) | 3,160 | 106,275 | |||
Bank of Okinawa, Ltd. | 29,800 | 1,054,682 | |||
Bank of Saga, Ltd. | 12,400 | 255,347 | |||
Bank of the Ryukyus, Ltd. (c) | 50,120 | 612,021 | |||
BayCurrent Consulting, Inc. | 9,000 | 250,781 | |||
Belc Co., Ltd. | 6,300 | 341,110 | |||
Bell System24 Holdings, Inc. | 16,400 | 258,738 | |||
Belluna Co., Ltd. (c) | 26,300 | 310,733 | |||
BML, Inc. | 15,700 | 478,250 | |||
Broadleaf Co., Ltd. | 58,000 | 418,717 | |||
BRONCO BILLY Co., Ltd. | 8,200 | 266,752 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Bunka Shutter Co., Ltd. | 43,000 | $ 323,678 | |||
Can Do Co., Ltd. | 24,000 | 369,978 | |||
Cawachi, Ltd. | 13,100 | 266,417 | |||
Central Glass Co., Ltd. | 35,469 | 921,504 | |||
Central Security Patrols Co., Ltd. | 6,500 | 288,991 | |||
Chiba Kogyo Bank, Ltd. | 60,700 | 271,476 | |||
Chiyoda Co., Ltd. | 20,300 | 399,977 | |||
Chiyoda Corp. (c) | 107,100 | 872,188 | |||
Chiyoda Integre Co., Ltd. | 5,600 | 116,107 | |||
Chofu Seisakusho Co., Ltd. | 13,100 | 301,478 | |||
Chubu Shiryo Co., Ltd. | 14,300 | 196,525 | |||
Chudenko Corp. | 4,600 | 104,891 | |||
Chugoku Marine Paints, Ltd. (c) | 35,400 | 355,605 | |||
CI Takiron Corp. | 44,800 | 244,934 | |||
CKD Corp. (c) | 45,800 | 587,898 | |||
CK-San-Etsu Co., Ltd. | 8,600 | 277,493 | |||
Clarion Co., Ltd. | 11,800 | 182,010 | |||
CMK Corp. (c) | 35,900 | 274,659 | |||
cocokara fine, Inc. | 15,100 | 969,133 | |||
Comforia Residential REIT, Inc. (c) | 298 | 701,547 | |||
Computer Engineering & Consulting, Ltd. | 11,200 | 273,628 | |||
Comture Corp. | 7,200 | 276,375 | |||
CONEXIO Corp. | 13,900 | 256,254 | |||
Cosel Co., Ltd. | 23,000 | 262,631 | |||
Create Restaurants Holdings, Inc. | 16,000 | 186,926 | |||
Create SD Holdings Co., Ltd. | 12,800 | 333,340 | |||
CTS Co., Ltd. (c) | 36,500 | 245,829 | |||
Dai Nippon Toryo Co., Ltd. | 14,300 | 165,680 | |||
Daibiru Corp. | 24,800 | 261,570 | |||
Dai-Dan Co., Ltd. | 14,400 | 362,837 | |||
Daido Metal Co., Ltd. (c) | 28,300 | 233,456 | |||
Daido Steel Co., Ltd. (c) | 21,200 | 1,030,277 | |||
Daihen Corp. | 9,600 | 245,779 | |||
Daiho Corp. | 16,400 | 464,921 | |||
Daiichi Kigenso Kagaku-Kogyo Co., Ltd. | 22,400 | 272,543 | |||
Daiken Corp. | 9,900 | 197,329 | |||
Daiki Aluminium Industry Co., Ltd. (c) | 38,700 | 264,735 | |||
Daikyo, Inc. | 12,900 | 262,577 | |||
Daikyonishikawa Corp. | 19,600 | 226,569 | |||
Dainichiseika Color & Chemicals Manufacturing Co., Ltd. | 8,800 | 286,658 | |||
Daiseki Co., Ltd. | 24,400 | 674,526 | |||
Daishi Bank, Ltd. | 19,200 | 840,956 | |||
Daito Pharmaceutical Co., Ltd. | 8,600 | 266,514 | |||
Daiwabo Holdings Co., Ltd. | 10,600 | 684,985 | |||
DCM Holdings Co., Ltd. (c) | 78,493 | 713,855 | |||
DDS, Inc. (b) | 69,800 | 269,159 | |||
Denki Kogyo Co., Ltd. | 8,700 | 255,826 | |||
Denyo Co., Ltd. | 3,800 | 62,461 | |||
Descente, Ltd. (c) | 27,300 | 572,751 | |||
Dexerials Corp. (c) | 33,100 | 336,581 | |||
Digital Arts, Inc. (c) | 8,300 | 390,210 | |||
Digital Garage, Inc. | 18,300 | 596,117 | |||
Digital Hearts Holdings Co., Ltd. | 6,200 | 92,794 |
Security Description | Shares | Value | |||
Dip Corp. | 16,600 | $ 401,902 | |||
DKS Co., Ltd. | 8,400 | 267,342 | |||
Doshisha Co., Ltd. (c) | 13,400 | 278,181 | |||
Doutor Nichires Holdings Co., Ltd. | 52,972 | 984,029 | |||
Dowa Holdings Co., Ltd. | 30,000 | 953,471 | |||
DTS Corp. | 33,962 | 1,352,978 | |||
Duskin Co., Ltd. | 23,100 | 563,747 | |||
DyDo Group Holdings, Inc. | 4,100 | 205,388 | |||
Dynam Japan Holdings Co., Ltd. | 6,400 | 7,925 | |||
Earth Corp. (c) | 10,600 | 509,539 | |||
EDION Corp. | 75,200 | 841,477 | |||
eGuarantee, Inc. | 25,100 | 273,794 | |||
E-Guardian, Inc. (b) | 11,000 | 274,262 | |||
Ehime Bank, Ltd. (c) | 21,240 | 233,372 | |||
Eighteenth Bank, Ltd. | 20,473 | 696,643 | |||
Eiken Chemical Co., Ltd. | 19,600 | 455,726 | |||
Eizo Corp. | 11,500 | 520,403 | |||
Elecom Co., Ltd. | 8,600 | 218,208 | |||
Endo Lighting Corp. | 36,100 | 274,917 | |||
EPS Holdings, Inc. (c) | 20,300 | 432,862 | |||
eRex Co., Ltd. (c) | 26,900 | 247,721 | |||
ES-Con Japan, Ltd. | 35,800 | 251,831 | |||
ESPEC Corp. | 16,700 | 319,783 | |||
euglena Co., Ltd. (b)(c) | 43,300 | 333,561 | |||
Exedy Corp. | 17,900 | 593,331 | |||
F@N Communications, Inc. (c) | 45,300 | 277,579 | |||
FCC Co., Ltd. | 38,428 | 1,155,360 | |||
FDK Corp. (b) | 17,900 | 237,648 | |||
Feed One Co., Ltd. | 51,400 | 95,935 | |||
Ferrotec Holdings Corp. | 35,900 | 348,301 | |||
FIDEA Holdings Co., Ltd. | 173,800 | 261,652 | |||
Financial Products Group Co., Ltd. (c) | 28,400 | 272,036 | |||
Fintech Global, Inc. (b) | 148,900 | 255,628 | |||
Fixstars Corp. | 18,300 | 256,814 | |||
F-Tech, Inc. | 23,400 | 276,676 | |||
Fudo Tetra Corp. | 9,040 | 167,851 | |||
Fuji Co., Ltd./Ehime | 11,900 | 234,260 | |||
Fuji Corp. | 42,800 | 686,172 | |||
Fuji Kyuko Co., Ltd. | 13,500 | 441,542 | |||
Fuji Oil Co., Ltd. | 64,700 | 273,986 | |||
Fuji Pharma Co., Ltd. | 7,000 | 110,437 | |||
Fuji Soft, Inc. | 18,700 | 946,648 | |||
Fujibo Holdings, Inc. (c) | 7,200 | 221,543 | |||
Fujicco Co., Ltd. | 10,000 | 206,805 | |||
Fujikura Rubber, Ltd. | 50,800 | 263,873 | |||
Fujikura, Ltd. | 164,400 | 777,240 | |||
Fujimi, Inc. | 11,200 | 291,081 | |||
Fujimori Kogyo Co., Ltd. | 7,500 | 255,866 | |||
Fujita Kanko, Inc. (c) | 4,399 | 132,646 | |||
Fujitec Co., Ltd. (c) | 39,800 | 533,657 | |||
Fujitsu General, Ltd. | 30,600 | 513,749 | |||
Fujiya Co., Ltd. | 6,800 | 153,080 | |||
Fukuda Corp. | 4,000 | 200,026 | |||
Fukui Bank, Ltd. | 12,900 | 269,732 | |||
Fukuoka REIT Corp. | 852 | 1,318,674 | |||
Fukushima Bank, Ltd. (b) | 41,900 | 268,918 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Fukushima Industries Corp. | 8,400 | $ 428,930 | |||
FULLCAST Holdings Co., Ltd. | 14,000 | 323,916 | |||
Fumakilla, Ltd. | 18,400 | 255,949 | |||
Funai Electric Co., Ltd. (b) | 43,100 | 249,679 | |||
Funai Soken Holdings, Inc. (c) | 21,800 | 494,787 | |||
Furukawa Co., Ltd. (c) | 17,838 | 263,051 | |||
Furuno Electric Co., Ltd. | 20,300 | 266,830 | |||
Fuso Chemical Co., Ltd. (c) | 13,200 | 314,006 | |||
Futaba Corp. | 13,900 | 250,380 | |||
Fuyo General Lease Co., Ltd. | 9,600 | 584,021 | |||
Gakken Holdings Co., Ltd. | 5,200 | 259,577 | |||
Genki Sushi Co., Ltd. | 4,500 | 256,724 | |||
Genky DrugStores Co., Ltd. (c) | 5,100 | 196,663 | |||
Geo Holdings Corp. (c) | 20,700 | 313,275 | |||
Giken, Ltd. (c) | 8,900 | 236,242 | |||
Global One Real Estate Investment Corp. REIT (c) | 338 | 347,865 | |||
GLOBERIDE, Inc. | 6,800 | 187,683 | |||
Glory, Ltd. | 31,800 | 777,467 | |||
GMO internet, Inc. | 32,000 | 558,384 | |||
GNI Group, Ltd. (b)(c) | 7,300 | 287,604 | |||
Goldcrest Co., Ltd. | 15,600 | 255,182 | |||
Goldwin, Inc. (c) | 8,000 | 552,890 | |||
Gree, Inc. | 48,200 | 227,453 | |||
GS Yuasa Corp. (c) | 40,800 | 1,004,689 | |||
G-Tekt Corp. | 15,900 | 263,169 | |||
Gunosy, Inc. (b) | 8,653 | 152,438 | |||
Gunze, Ltd. | 9,200 | 463,301 | |||
Gurunavi, Inc. (c) | 8,900 | 72,479 | |||
Hamakyorex Co., Ltd. | 7,200 | 261,795 | |||
Hankyu Hanshin REIT, Inc. | 119 | 148,351 | |||
Hanwa Co., Ltd. (c) | 25,300 | 841,960 | |||
Happinet Corp. | 3,700 | 65,052 | |||
Hazama Ando Corp. | 99,200 | 757,199 | |||
HEALIOS KK (b) | 17,100 | 270,535 | |||
Heiwa Real Estate Co., Ltd. | 16,600 | 293,754 | |||
Heiwa Real Estate REIT, Inc. | 406 | 409,271 | |||
Heiwado Co., Ltd. | 20,300 | 545,098 | |||
Hibiya Engineering, Ltd. | 7,500 | 130,145 | |||
Hiday Hidaka Corp. | 11,640 | 234,265 | |||
Hioki EE Corp. | 8,200 | 267,835 | |||
Hirano Tecseed Co., Ltd. | 13,800 | 250,280 | |||
Hirata Corp. (c) | 6,800 | 489,713 | |||
Hito Communications, Inc. (c) | 14,600 | 231,497 | |||
Hochiki Corp. | 17,600 | 258,147 | |||
Hogy Medical Co., Ltd. | 10,800 | 372,725 | |||
Hokkaido Electric Power Co., Inc. (c) | 109,900 | 692,771 | |||
Hokkaido Gas Co., Ltd. | 2,400 | 32,856 | |||
Hokkan Holdings, Ltd. | 13,000 | 270,106 | |||
Hokkoku Bank, Ltd. (c) | 16,300 | 629,986 | |||
Hokuetsu Bank, Ltd. (b)(f) | 27,000 | 591,297 | |||
Hokuetsu Corp. | 51,100 | 278,478 | |||
Hokuhoku Financial Group, Inc. | 70,200 | 987,009 | |||
Hokuriku Electric Industry Co., Ltd. (c) | 9,400 | 108,495 | |||
Hokuto Corp. | 8,200 | 140,126 | |||
H-One Co., Ltd. | 21,500 | 267,460 |
Security Description | Shares | Value | |||
Hoosiers Holdings (c) | 41,400 | $ 247,485 | |||
Hoshino Resorts REIT, Inc. | 69 | 339,578 | |||
Hosiden Corp. | 24,500 | 240,287 | |||
Hosokawa Micron Corp. | 4,800 | 262,006 | |||
Howa Machinery, Ltd. | 31,400 | 264,558 | |||
Hulic Reit, Inc. | 328 | 477,049 | |||
Hyakugo Bank, Ltd. | 114,600 | 463,102 | |||
Hyakujushi Bank, Ltd. | 16,800 | 495,488 | |||
IBJ Leasing Co., Ltd. | 14,000 | 374,697 | |||
Ichibanya Co., Ltd. | 5,600 | 222,846 | |||
Ichigo Hotel REIT Investment Corp. | 240 | 299,617 | |||
Ichigo Office REIT Investment | 576 | 474,654 | |||
Ichikoh Industries, Ltd. | 32,300 | 283,800 | |||
Idec Corp. (c) | 15,000 | 328,829 | |||
Iino Kaiun Kaisha, Ltd. | 97,280 | 498,455 | |||
Imasen Electric Industrial | 25,100 | 264,071 | |||
Imuraya Group Co., Ltd. | 8,600 | 257,807 | |||
Inaba Denki Sangyo Co., Ltd. | 9,100 | 402,183 | |||
Inabata & Co., Ltd. | 20,400 | 313,763 | |||
Industrial & Infrastructure Fund Investment Corp. REIT | 656 | 661,862 | |||
Infocom Corp. | 8,500 | 280,627 | |||
Infomart Corp. | 46,600 | 607,193 | |||
Intage Holdings, Inc. | 37,300 | 341,524 | |||
Internet Initiative Japan, Inc. (c) | 15,500 | 314,544 | |||
Invesco Office J-Reit, Inc. | 4,233 | 604,102 | |||
Iriso Electronics Co., Ltd. (c) | 10,300 | 540,459 | |||
Ishihara Sangyo Kaisha, Ltd. (b) | 17,500 | 268,697 | |||
Istyle, Inc. (c) | 38,800 | 460,128 | |||
Itfor, Inc. | 40,400 | 350,701 | |||
Itochu Enex Co., Ltd. | 28,900 | 292,346 | |||
Itoki Corp. | 29,600 | 171,995 | |||
Iwatani Corp. (c) | 53,000 | 1,887,441 | |||
J Trust Co., Ltd. (c) | 57,400 | 348,690 | |||
Jaccs Co., Ltd. | 15,000 | 317,075 | |||
Jafco Co., Ltd. | 17,500 | 680,988 | |||
Jamco Corp. | 9,500 | 268,896 | |||
Janome Sewing Machine Co., Ltd. | 44,800 | 278,065 | |||
Japan Asset Marketing Co., Ltd. (b)(c) | 38,900 | 42,809 | |||
Japan Aviation Electronics Industry, Ltd. | 35,000 | 589,779 | |||
Japan Cash Machine Co., Ltd. | 3,200 | 36,230 | |||
Japan Communications, Inc. (b)(c) | 135,800 | 212,813 | |||
Japan Display, Inc. (b) | 149,810 | 164,866 | |||
Japan Excellent, Inc. REIT | 723 | 958,611 | |||
Japan Investment Adviser Co., Ltd. | 7,100 | 267,223 | |||
Japan Lifeline Co., Ltd. | 32,000 | 677,836 | |||
Japan Logistics Fund, Inc. REIT | 631 | 1,241,612 | |||
Japan Material Co., Ltd. | 47,100 | 632,368 | |||
Japan Petroleum Exploration Co., Ltd. (c) | 16,900 | 387,740 | |||
Japan Pulp & Paper Co., Ltd. | 7,900 | 331,413 | |||
Japan Rental Housing Investments, Inc. REIT | 583 | 460,918 | |||
Japan Securities Finance Co., Ltd. | 26,800 | 160,680 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Japan Steel Works, Ltd. | 41,900 | $ 1,020,341 | |||
Japan Tissue Engineering Co., Ltd. (b) | 7,600 | 82,166 | |||
Japan Wool Textile Co., Ltd. | 22,900 | 189,514 | |||
JCR Pharmaceuticals Co., Ltd. | 10,500 | 596,249 | |||
JCU Corp. | 13,000 | 313,712 | |||
Jeol, Ltd. | 20,500 | 445,068 | |||
Jimoto Holdings, Inc. | 163,100 | 267,083 | |||
JINS, Inc. (c) | 6,600 | 352,124 | |||
Joshin Denki Co., Ltd. | 13,500 | 398,160 | |||
Joyful Honda Co., Ltd. | 46,800 | 739,999 | |||
JSP Corp. | 8,100 | 206,948 | |||
Juki Corp. | 33,900 | 420,523 | |||
Juroku Bank, Ltd. | 19,400 | 493,775 | |||
Justsystems Corp. | 16,800 | 389,291 | |||
JVC Kenwood Corp. | 80,700 | 226,643 | |||
Kadokawa Dwango (b) | 27,300 | 298,753 | |||
Kaga Electronics Co., Ltd. | 18,800 | 391,111 | |||
Kameda Seika Co., Ltd. | 8,400 | 395,651 | |||
Kamei Corp. | 19,800 | 279,433 | |||
Kanamoto Co., Ltd. | 18,600 | 659,929 | |||
Kanematsu Corp. | 118,299 | 1,780,968 | |||
Kanematsu Electronics, Ltd. | 7,900 | 269,512 | |||
Kanto Denka Kogyo Co., Ltd. (c) | 24,000 | 258,626 | |||
Kasai Kogyo Co., Ltd. | 32,200 | 336,784 | |||
Katakura Industries Co., Ltd. (c) | 67,174 | 832,098 | |||
Katitas Co., Ltd. | 11,200 | 341,665 | |||
Kato Sangyo Co., Ltd. | 16,300 | 549,624 | |||
Kato Works Co., Ltd. (c) | 8,400 | 259,207 | |||
KAWADA TECHNOLOGIES, Inc. (c) | 1,300 | 78,857 | |||
Kawai Musical Instruments Manufacturing Co., Ltd. | 6,200 | 287,661 | |||
Kawasaki Kisen Kaisha, Ltd. (b)(c) | 36,500 | 738,130 | |||
Keihin Corp. | 14,500 | 299,996 | |||
Keiyo Bank, Ltd. | 78,500 | 660,703 | |||
Keiyo Co., Ltd. | 32,300 | 156,403 | |||
Kenedix Residential Next Investment Corp. REIT | 272 | 416,435 | |||
Kenedix Retail REIT Corp. | 260 | 556,922 | |||
Kenedix, Inc. | 108,400 | 619,374 | |||
Kenko Mayonnaise Co., Ltd. (c) | 13,400 | 335,752 | |||
Key Coffee, Inc. | 6,100 | 112,081 | |||
KH Neochem Co., Ltd. (c) | 17,700 | 689,550 | |||
Kintetsu World Express, Inc. | 15,800 | 302,966 | |||
Kisoji Co., Ltd. (c) | 10,300 | 242,118 | |||
Kissei Pharmaceutical Co., Ltd. | 23,500 | 744,817 | |||
Kitanotatsujin Corp. (c) | 47,800 | 296,685 | |||
Kito Corp. | 16,700 | 307,726 | |||
Kitz Corp. | 116,600 | 1,008,066 | |||
Kiyo Bank, Ltd. | 90,360 | 1,448,656 | |||
Koa Corp. (c) | 19,200 | 331,480 | |||
Kobe Bussan Co., Ltd. | 5,700 | 324,180 | |||
Kohnan Shoji Co., Ltd. | 14,800 | 374,218 | |||
Komatsu Seiren Co., Ltd. | 28,200 | 265,155 | |||
KOMEDA Holdings Co., Ltd. | 22,300 | 451,163 | |||
Komeri Co., Ltd. | 10,300 | 240,758 |
Security Description | Shares | Value | |||
Komori Corp. | 49,436 | $ 616,291 | |||
Konishi Co., Ltd. | 15,100 | 237,963 | |||
Konoike Transport Co., Ltd. | 14,600 | 249,492 | |||
Koshidaka Holdings Co., Ltd. | 24,100 | 276,677 | |||
Kotobuki Spirits Co., Ltd. | 21,900 | 1,031,518 | |||
Kourakuen Holdings Corp. (c) | 8,000 | 117,762 | |||
Krosaki Harima Corp. | 3,300 | 254,505 | |||
Kumagai Gumi Co., Ltd. (c) | 18,200 | 503,931 | |||
Kumiai Chemical Industry Co., Ltd. | 51,700 | 390,532 | |||
Kura Corp. | 5,700 | 370,348 | |||
Kurabo Industries, Ltd. | 35,270 | 957,943 | |||
Kureha Corp. | 8,200 | 614,359 | |||
Kurimoto, Ltd. | 15,800 | 260,401 | |||
KYB Corp. | 13,683 | 613,166 | |||
Kyoei Steel, Ltd. (c) | 17,700 | 345,320 | |||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 17,500 | 277,325 | |||
Kyokuyo Co., Ltd. (c) | 2,200 | 65,854 | |||
KYORIN Holdings, Inc. (c) | 32,000 | 660,932 | |||
Kyoritsu Maintenance Co., Ltd. | 13,400 | 566,862 | |||
Kyosan Electric Manufacturing Co., Ltd. | 11,700 | 62,422 | |||
LAC Co., Ltd. | 6,900 | 132,733 | |||
Lacto Japan Co., Ltd. | 3,700 | 249,848 | |||
LaSalle Logiport REIT | 359 | 330,286 | |||
Lasertec Corp. | 22,900 | 763,098 | |||
LEC, Inc. (c) | 16,400 | 425,937 | |||
Leopalace21 Corp. | 134,200 | 747,886 | |||
Life Corp. | 15,100 | 386,856 | |||
LIFULL Co., Ltd. (c) | 32,600 | 180,816 | |||
Link And Motivation, Inc. (c) | 23,300 | 290,263 | |||
LIXIL VIVA Corp. | 11,200 | 173,445 | |||
M&A Capital Partners Co., Ltd. (b)(c) | 4,200 | 254,030 | |||
Macnica Fuji Electronics Holdings, Inc. (c) | 32,000 | 565,427 | |||
Macromill, Inc. (c) | 10,800 | 228,675 | |||
Maeda Kosen Co., Ltd. | 13,800 | 294,018 | |||
Maeda Road Construction Co., Ltd. | 29,000 | 590,034 | |||
Makino Milling Machine Co., Ltd. | 20,400 | 871,066 | |||
Mandom Corp. | 17,500 | 556,191 | |||
Mani, Inc. | 10,900 | 531,637 | |||
Mars Engineering Corp. | 12,300 | 260,760 | |||
Marudai Food Co., Ltd. | 62,931 | 1,221,115 | |||
Maruha Nichiro Corp. | 36,220 | 1,336,108 | |||
Marusan Securities Co., Ltd. (c) | 64,338 | 547,738 | |||
Maruwa Co., Ltd. | 3,600 | 240,560 | |||
Maruwa Unyu Kikan Co., Ltd. | 7,200 | 269,402 | |||
Matsui Construction Co., Ltd. | 35,400 | 288,286 | |||
Matsuya Co., Ltd. | 29,600 | 336,953 | |||
Max Co., Ltd. | 20,900 | 312,253 | |||
Maxell Holdings, Ltd. | 26,900 | 421,552 | |||
MCJ Co., Ltd. | 41,600 | 366,612 | |||
MCUBS MidCity Investment Corp. REIT | 854 | 649,607 | |||
MEC Co., Ltd. | 16,100 | 273,141 | |||
Medical Data Vision Co., Ltd. (b) | 16,400 | 274,621 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Megachips Corp. (c) | 11,100 | $ 233,561 | |||
Megmilk Snow Brand Co., Ltd. | 24,000 | 616,772 | |||
Meidensha Corp. | 28,600 | 468,336 | |||
Meiko Electronics Co., Ltd. (c) | 13,267 | 365,591 | |||
Meiko Network Japan Co., Ltd. | 28,100 | 260,751 | |||
Meisei Industrial Co., Ltd. | 32,400 | 257,865 | |||
Meitec Corp. | 14,200 | 683,840 | |||
Melco Holdings, Inc. (c) | 4,000 | 144,033 | |||
Menicon Co., Ltd. | 18,100 | 441,564 | |||
Mercuria Investment Co., Ltd. | 30,900 | 268,506 | |||
Metaps, Inc. (b) | 11,800 | 242,784 | |||
Michinoku Bank, Ltd. (c) | 5,720 | 90,293 | |||
Mie Kotsu Group Holdings, Inc. | 52,500 | 259,299 | |||
Milbon Co., Ltd. | 15,100 | 692,618 | |||
Mimasu Semiconductor Industry Co., Ltd. | 16,800 | 269,190 | |||
Miraca Holdings, Inc. (c) | 30,800 | 801,285 | |||
Mirai Corp. REIT | 152 | 259,076 | |||
Mirait Holdings Corp. (c) | 45,260 | 780,201 | |||
Miroku Jyoho Service Co., Ltd. | 14,300 | 320,408 | |||
Misawa Homes Co., Ltd. | 33,800 | 264,246 | |||
Mitsubishi Estate Logistics REIT Investment Corp. | 118 | 256,393 | |||
Mitsubishi Kakoki Kaisha, Ltd. | 16,500 | 286,464 | |||
Mitsubishi Logisnext Co., Ltd. | 10,900 | 142,218 | |||
Mitsubishi Pencil Co., Ltd. | 27,900 | 513,369 | |||
Mitsubishi Research Institute, Inc. | 6,900 | 266,074 | |||
Mitsubishi Shokuhin Co., Ltd. | 8,000 | 213,761 | |||
Mitsubishi Steel Manufacturing Co., Ltd. | 13,600 | 260,781 | |||
Mitsuboshi Belting, Ltd. | 15,000 | 396,179 | |||
Mitsui E&S Holdings Co., Ltd. (b) | 45,500 | 817,185 | |||
Mitsui Fudosan Logistics Park, Inc. REIT | 65 | 182,550 | |||
Mitsui Matsushima Co., Ltd. | 15,500 | 257,367 | |||
Mitsui Mining & Smelting Co., Ltd. | 33,500 | 970,331 | |||
Mitsui Sugar Co., Ltd. | 33,100 | 950,002 | |||
Mitsui-Soko Holdings Co., Ltd. (b) | 16,400 | 299,311 | |||
Mixi, Inc. | 22,200 | 532,792 | |||
Miyaji Engineering Group, Inc. | 2,600 | 67,824 | |||
Miyazaki Bank, Ltd. | 12,380 | 362,948 | |||
Mizuno Corp. | 7,800 | 196,262 | |||
Mochida Pharmaceutical Co., Ltd. | 9,100 | 752,291 | |||
Modec, Inc. | 9,000 | 294,361 | |||
Monex Group, Inc. (c) | 98,400 | 473,006 | |||
Money Forward, Inc. (b)(c) | 6,600 | 293,437 | |||
Monogatari Corp | 1,400 | 137,184 | |||
Mori Trust Hotel Reit, Inc. | 177 | 219,565 | |||
Mori Trust Sogo Reit, Inc. | 273 | 389,365 | |||
Morinaga Milk Industry Co., Ltd. | 19,400 | 526,909 | |||
Morita Holdings Corp. | 22,500 | 509,486 | |||
MOS Food Services, Inc. (c) | 11,800 | 307,921 | |||
Musashi Seimitsu Industry Co., Ltd. | 29,000 | 473,099 | |||
Musashino Bank, Ltd. | 13,380 | 386,375 | |||
Nachi-Fujikoshi Corp. | 13,400 | 659,471 |
Security Description | Shares | Value | |||
Nagaileben Co., Ltd. | 11,900 | $ 284,548 | |||
Nagano Keiki Co., Ltd. | 25,600 | 268,655 | |||
Nakanishi, Inc. | 77,040 | 1,603,403 | |||
Namura Shipbuilding Co., Ltd. (c) | 6,300 | 32,946 | |||
Nanto Bank, Ltd. | 1,800 | 45,672 | |||
NEC Networks & System Integration Corp. | 14,600 | 338,569 | |||
NET One Systems Co., Ltd. (c) | 68,900 | 1,654,789 | |||
Neturen Co., Ltd. | 80,183 | 820,290 | |||
Nextage Co., Ltd. | 36,900 | 280,685 | |||
Nichias Corp. | 38,000 | 988,599 | |||
Nichiban Co., Ltd. (c) | 10,000 | 240,701 | |||
Nichicon Corp. (c) | 41,300 | 407,600 | |||
Nichiha Corp. | 17,600 | 465,625 | |||
NichiiGakkan Co., Ltd. (c) | 29,300 | 248,154 | |||
Nichi-iko Pharmaceutical Co., Ltd. (c) | 4,200 | 62,417 | |||
Nichireki Co., Ltd. | 11,000 | 119,118 | |||
Nihon Dempa Kogyo Co., Ltd. (b) | 60,100 | 270,380 | |||
Nihon Eslead Corp. | 18,900 | 265,400 | |||
Nihon House Holdings Co., Ltd. (c) | 50,200 | 282,412 | |||
Nihon Nohyaku Co., Ltd. (c) | 38,300 | 269,417 | |||
Nihon Parkerizing Co., Ltd. | 58,000 | 784,329 | |||
Nihon Plast Co., Ltd. | 28,300 | 261,361 | |||
Nihon Tokushu Toryo Co., Ltd. (c) | 14,300 | 332,620 | |||
Nihon Trim Co., Ltd. (c) | 1,500 | 77,387 | |||
Nikkiso Co., Ltd. | 67,340 | 881,583 | |||
Nikkon Holdings Co., Ltd. (c) | 108,480 | 2,813,594 | |||
Nippon Beet Sugar Manufacturing Co., Ltd. | 3,300 | 60,460 | |||
Nippon Carbide Industries Co., Inc. | 16,800 | 269,486 | |||
Nippon Carbon Co., Ltd. | 13,171 | 912,583 | |||
Nippon Ceramic Co., Ltd. | 10,400 | 276,973 | |||
Nippon Chemical Industrial Co., Ltd. | 8,100 | 268,491 | |||
Nippon Chemi-Con Corp. (c) | 6,900 | 193,177 | |||
Nippon Coke & Engineering Co., Ltd. | 91,000 | 91,332 | |||
Nippon Densetsu Kogyo Co., Ltd. | 24,900 | 520,207 | |||
Nippon Flour Mills Co., Ltd. (c) | 29,800 | 525,504 | |||
Nippon Kinzoku Co., Ltd. | 17,900 | 273,263 | |||
Nippon Koei Co., Ltd. | 9,800 | 262,720 | |||
Nippon Light Metal Holdings Co., Ltd. | 369,700 | 826,727 | |||
Nippon Parking Development Co., Ltd. | 45,500 | 70,903 | |||
Nippon Pillar Packing Co., Ltd. | 15,500 | 222,296 | |||
NIPPON REIT Investment Corp. | 585 | 1,892,746 | |||
Nippon Road Co., Ltd. | 4,700 | 272,272 | |||
Nippon Seiki Co., Ltd. | 39,100 | 741,483 | |||
Nippon Sheet Glass Co., Ltd. (c) | 44,800 | 487,895 | |||
Nippon Signal Co., Ltd. | 33,300 | 340,666 | |||
Nippon Soda Co., Ltd. | 12,800 | 393,855 | |||
Nippon Steel & Sumikin Bussan Corp. (c) | 3,600 | 180,658 | |||
Nippon Suisan Kaisha, Ltd. | 163,999 | 1,068,444 | |||
Nippon Thompson Co., Ltd. | 56,200 | 373,562 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Nippon Valqua Industries, Ltd. | 10,476 | $ 294,215 | |||
Nippon Yakin Kogyo Co., Ltd. (c) | 81,500 | 236,783 | |||
Nishimatsu Construction Co., Ltd. | 28,600 | 724,159 | |||
Nishimatsuya Chain Co., Ltd. | 24,953 | 250,881 | |||
Nishi-Nippon Financial Holdings, Inc. | 79,800 | 923,161 | |||
Nishio Rent All Co., Ltd. | 15,100 | 504,508 | |||
Nissan Shatai Co., Ltd. | 22,900 | 206,651 | |||
Nissei ASB Machine Co., Ltd. (c) | 4,700 | 196,963 | |||
Nissei Build Kogyo Co., Ltd. (b)(c)(f) | 27,800 | 268,247 | |||
Nissei Plastic Industrial Co., Ltd. | 25,300 | 260,607 | |||
Nissha Co., Ltd. (c) | 25,100 | 489,912 | |||
Nisshin Oillio Group, Ltd. | 13,600 | 399,313 | |||
Nisshin Steel Co., Ltd. | 31,000 | 465,061 | |||
Nisshinbo Holdings, Inc. | 75,600 | 900,531 | |||
Nissin Corp. | 10,800 | 252,065 | |||
Nissin Kogyo Co., Ltd. (c) | 14,600 | 245,893 | |||
Nitta Corp. (c) | 9,900 | 377,400 | |||
Nittetsu Mining Co., Ltd. (c) | 3,200 | 153,541 | |||
Nitto Boseki Co., Ltd. (c) | 30,630 | 716,502 | |||
Nitto Kogyo Corp. (c) | 23,000 | 425,435 | |||
Nittoku Engineering Co., Ltd. (c) | 9,400 | 280,961 | |||
Nohmi Bosai, Ltd. | 18,100 | 403,957 | |||
Nojima Corp. | 13,800 | 302,401 | |||
Nomura Co., Ltd. | 22,300 | 460,587 | |||
Noritake Co., Ltd. | 6,900 | 435,559 | |||
Noritsu Koki Co., Ltd. (c) | 9,800 | 272,642 | |||
Noritz Corp. | 15,600 | 247,490 | |||
North Pacific Bank, Ltd. | 156,400 | 530,123 | |||
NS United Kaiun Kaisha, Ltd. | 1,900 | 43,793 | |||
NSD Co., Ltd. | 20,800 | 462,019 | |||
NuFlare Technology, Inc. | 1,800 | 93,340 | |||
OAK Capital Corp. | 152,800 | 262,323 | |||
Obara Group, Inc. | 8,900 | 429,388 | |||
Oenon Holdings, Inc. | 97,800 | 352,161 | |||
Ogaki Kyoritsu Bank, Ltd. | 9,500 | 243,386 | |||
Ohara, Inc. (c) | 9,600 | 257,358 | |||
Ohsho Food Service Corp. | 6,800 | 474,746 | |||
Oiles Corp. | 10,900 | 234,822 | |||
Oisix ra daichi, Inc. (b) | 15,400 | 264,519 | |||
Oita Bank, Ltd. | 15,380 | 559,901 | |||
Okabe Co., Ltd. | 19,100 | 187,662 | |||
Okamoto Industries, Inc. | 6,360 | 347,718 | |||
Okamura Corp. | 60,100 | 804,261 | |||
Okasan Securities Group, Inc. (c) | 88,682 | 456,741 | |||
Oki Electric Industry Co., Ltd. | 49,900 | 655,903 | |||
Okinawa Electric Power Co., Inc. | 25,012 | 527,391 | |||
OKK Corp. | 26,900 | 273,298 | |||
OKUMA Corp. (c) | 13,600 | 755,522 | |||
Okumura Corp. | 16,800 | 527,288 | |||
Okuwa Co., Ltd. | 18,000 | 183,352 | |||
One REIT, Inc. (c) | 96 | 207,661 | |||
Onward Holdings Co., Ltd. | 66,300 | 444,199 | |||
Open Door, Inc. (b) | 8,500 | 249,945 | |||
OPT Holding, Inc. | 10,000 | 303,297 | |||
Optex Group Co., Ltd. (c) | 18,200 | 360,202 | |||
Optorun Co., Ltd. (c) | 11,300 | 289,203 |
Security Description | Shares | Value | |||
Osaka Organic Chemical Industry, Ltd. | 21,700 | $ 278,355 | |||
Osaka Soda Co., Ltd. | 11,200 | 297,293 | |||
OSAKA Titanium Technologies Co., Ltd. (c) | 8,500 | 136,347 | |||
Osaki Electric Co., Ltd. | 16,000 | 123,397 | |||
OSJB Holdings Corp. | 98,600 | 267,366 | |||
Outsourcing, Inc. (c) | 48,300 | 708,862 | |||
Oyo Corp. | 19,700 | 265,187 | |||
Pacific Industrial Co., Ltd. | 31,000 | 513,915 | |||
Pacific Metals Co., Ltd. (c) | 7,399 | 275,545 | |||
Pack Corp. | 4,800 | 177,700 | |||
PAL GROUP Holdings Co., Ltd. | 5,700 | 143,322 | |||
Paramount Bed Holdings Co., Ltd. | 5,600 | 276,093 | |||
Pasona Group, Inc. | 14,300 | 212,136 | |||
PC Depot Corp. | 56,200 | 274,110 | |||
Penta-Ocean Construction Co., Ltd. | 165,000 | 1,099,661 | |||
Pepper Food Service Co., Ltd. (c) | 7,400 | 261,575 | |||
PIA Corp. | 5,100 | 264,014 | |||
Piolax, Inc. | 16,700 | 371,389 | |||
PKSHA Technology, Inc. (b) | 2,600 | 265,299 | |||
Plenus Co., Ltd. (c) | 9,900 | 161,419 | |||
Poletowin Pitcrew Holdings, Inc. | 10,000 | 266,320 | |||
Premier Investment Corp. REIT | 1,446 | 1,520,028 | |||
Press Kogyo Co., Ltd. | 65,900 | 348,109 | |||
Pressance Corp. (c) | 17,900 | 228,980 | |||
Prestige International, Inc. (c) | 28,600 | 342,691 | |||
Prima Meat Packers, Ltd. (c) | 15,200 | 358,773 | |||
Qol Co., Ltd. | 11,000 | 240,850 | |||
Raito Kogyo Co., Ltd. (c) | 36,000 | 515,033 | |||
Rakus Co., Ltd. | 12,700 | 274,271 | |||
RaQualia Pharma, Inc. (b) | 18,800 | 275,582 | |||
Relia, Inc. | 24,300 | 299,511 | |||
Remixpoint., Inc. (c) | 20,100 | 173,244 | |||
RENOVA, Inc. (b) | 23,200 | 288,609 | |||
Resorttrust, Inc. | 45,800 | 755,235 | |||
Rheon Automatic Machinery Co., Ltd. | 14,800 | 265,158 | |||
Ricoh Leasing Co., Ltd. | 7,700 | 253,876 | |||
Riken Corp. | 7,000 | 390,104 | |||
Riken Keiki Co., Ltd. | 12,800 | 277,220 | |||
Riken Technos Corp. | 49,700 | 264,722 | |||
Riken Vitamin Co., Ltd. | 5,400 | 187,313 | |||
Ringer Hut Co., Ltd. (c) | 14,400 | 305,026 | |||
Riso Kagaku Corp. | 9,200 | 222,255 | |||
Rock Field Co., Ltd. | 10,600 | 175,539 | |||
Rokko Butter Co., Ltd. (c) | 10,600 | 241,891 | |||
Rorze Corp. | 12,900 | 265,530 | |||
Round One Corp. | 44,500 | 589,624 | |||
Royal Holdings Co., Ltd. | 13,300 | 347,063 | |||
RS Technologies Co., Ltd. (c) | 4,900 | 235,542 | |||
Ryobi, Ltd. | 16,400 | 646,124 | |||
Ryosan Co., Ltd. (c) | 10,000 | 363,604 | |||
S Foods, Inc. | 12,000 | 518,730 | |||
Sac's Bar Holdings, Inc. | 32,800 | 273,177 | |||
Sagami Chain Co., Ltd. (c) | 22,900 | 281,248 | |||
Saizeriya Co., Ltd. | 15,100 | 295,260 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Sakai Chemical Industry Co., Ltd. (c) | 26,953 | $ 665,134 | |||
Sakai Moving Service Co., Ltd. (c) | 4,200 | 239,239 | |||
Sakata INX Corp. | 23,700 | 300,671 | |||
Sakata Seed Corp. | 16,500 | 594,137 | |||
Sakura Internet, Inc. | 41,700 | 265,065 | |||
Sala Corp. | 59,400 | 368,161 | |||
SAMTY Co., Ltd. | 16,200 | 234,760 | |||
San ju San Financial Group, Inc. | 13,400 | 283,608 | |||
San-A Co., Ltd. | 10,200 | 456,187 | |||
San-Ai Oil Co., Ltd. | 40,200 | 493,011 | |||
SanBio Co., Ltd. (b)(c) | 12,000 | 416,780 | |||
Sanden Holdings Corp. (b) | 11,200 | 153,922 | |||
Sanei Architecture Planning Co., Ltd. | 17,400 | 269,000 | |||
Sangetsu Corp. (c) | 34,000 | 667,518 | |||
San-In Godo Bank, Ltd. | 81,400 | 715,211 | |||
Sanken Electric Co., Ltd. (c) | 13,600 | 356,329 | |||
Sanki Engineering Co., Ltd. | 25,600 | 274,966 | |||
Sankyo Tateyama, Inc. | 28,500 | 361,566 | |||
Sanoh Industrial Co., Ltd. | 40,800 | 286,643 | |||
Sanrio Co., Ltd. | 30,000 | 608,267 | |||
Sanyo Chemical Industries, Ltd. (c) | 5,400 | 275,265 | |||
Sanyo Denki Co., Ltd. | 5,000 | 239,468 | |||
Sanyo Electric Railway Co., Ltd. (c) | 7,800 | 172,227 | |||
Sanyo Shokai, Ltd. | 3,000 | 58,634 | |||
Sanyo Special Steel Co., Ltd. | 20,287 | 495,275 | |||
Sanyo Trading Co., Ltd. | 13,700 | 256,547 | |||
Sapporo Holdings, Ltd. | 41,900 | 870,942 | |||
Sato Holdings Corp. | 28,240 | 936,071 | |||
SEC Carbon, Ltd. | 1,500 | 264,119 | |||
Seed Co., Ltd. (c) | 14,200 | 253,533 | |||
Seika Corp. (c) | 4,400 | 77,746 | |||
Seikagaku Corp. | 22,300 | 339,452 | |||
Seiko Holdings Corp. (c) | 11,800 | 332,438 | |||
Seiren Co., Ltd. | 66,180 | 1,122,179 | |||
Sekisui Jushi Corp. | 15,000 | 284,589 | |||
Sekisui Plastics Co., Ltd. (c) | 22,900 | 222,579 | |||
Senko Group Holdings Co., Ltd. (c) | 46,800 | 389,777 | |||
Senshu Ikeda Holdings, Inc. | 138,660 | 465,109 | |||
Septeni Holdings Co., Ltd. (c) | 40,100 | 62,841 | |||
Shibaura Electronics Co., Ltd. | 5,800 | 271,145 | |||
Shibuya Corp. | 10,900 | 406,405 | |||
Shiga Bank, Ltd. (c) | 29,000 | 746,542 | |||
Shikoku Bank, Ltd. | 24,000 | 293,067 | |||
Shikoku Chemicals Corp. | 23,900 | 331,825 | |||
Shima Seiki Manufacturing, Ltd. (c) | 25,545 | 1,128,986 | |||
Shimachu Co., Ltd. | 43,960 | 1,420,374 | |||
Shinagawa Refractories Co., Ltd. | 6,400 | 286,235 | |||
Shindengen Electric Manufacturing Co., Ltd. | 4,100 | 196,003 | |||
Shin-Etsu Polymer Co., Ltd. | 22,500 | 184,818 | |||
Shinkawa, Ltd. (b)(c) | 9,200 | 47,383 |
Security Description | Shares | Value | |||
Shinko Electric Industries Co., Ltd. | 28,200 | $ 237,348 | |||
Shinko Plantech Co., Ltd. | 31,000 | 322,595 | |||
Shinmaywa Industries, Ltd. | 26,000 | 352,511 | |||
Shinoken Group Co., Ltd. | 23,500 | 249,100 | |||
Shinsho Corp. | 4,000 | 111,987 | |||
Ship Healthcare Holdings, Inc. | 15,400 | 595,880 | |||
Shizuoka Gas Co., Ltd. | 28,100 | 249,124 | |||
SHO-BOND Holdings Co., Ltd. (c) | 14,100 | 1,138,328 | |||
Shochiku Co., Ltd. (c) | 14,960 | 1,828,101 | |||
Shoei Co., Ltd. (c) | 5,600 | 241,828 | |||
Shoei Foods Corp. (c) | 7,200 | 265,915 | |||
Showa Corp. | 24,200 | 371,783 | |||
Showa Sangyo Co., Ltd. | 7,600 | 195,980 | |||
Siix Corp. (c) | 21,400 | 372,665 | |||
Sinanen Holdings Co., Ltd. | 7,600 | 195,043 | |||
Sinfonia Technology Co., Ltd. | 43,280 | 645,475 | |||
Sinko Industries, Ltd. | 14,400 | 238,975 | |||
Sintokogio, Ltd. | 34,700 | 351,017 | |||
SKY Perfect JSAT Holdings, Inc. (c) | 58,000 | 279,826 | |||
SMK Corp. | 504 | 13,808 | |||
SMS Co., Ltd. | 44,600 | 887,799 | |||
Sodick Co., Ltd. | 25,800 | 234,411 | |||
Sogo Medical Co., Ltd. (b)(f) | 7,800 | 172,107 | |||
Solasto Corp. | 24,400 | 317,714 | |||
Sosei Group Corp. (b)(c) | 41,200 | 497,295 | |||
ST Corp. | 14,000 | 260,070 | |||
St Marc Holdings Co., Ltd. | 3,000 | 70,044 | |||
Star Asia Investment Corp. REIT | 214 | 195,188 | |||
Star Micronics Co., Ltd. (c) | 19,900 | 353,902 | |||
Starts Corp., Inc. (c) | 15,400 | 339,902 | |||
Starts Proceed Investment Corp. REIT | 153 | 230,877 | |||
Starzen Co., Ltd. | 4,800 | 206,858 | |||
Stella Chemifa Corp. (c) | 7,200 | 263,380 | |||
Studio Alice Co., Ltd. | 12,500 | 258,287 | |||
Sumida Corp. (c) | 18,800 | 243,638 | |||
Sumitomo Densetsu Co., Ltd. | 15,800 | 259,844 | |||
Sumitomo Mitsui Construction Co., Ltd. | 78,060 | 525,050 | |||
Sumitomo Osaka Cement Co., Ltd. (c) | 20,180 | 836,770 | |||
Sumitomo Seika Chemicals Co., Ltd. | 2,400 | 134,807 | |||
Sumitomo Warehouse Co., Ltd. (c) | 42,500 | 563,873 | |||
Sun Frontier Fudousan Co., Ltd. | 5,800 | 66,382 | |||
Sun-Wa Technos Corp. | 20,700 | 254,775 | |||
Suruga Bank, Ltd. (c) | 133,800 | 669,088 | |||
Sushiro Global Holdings, Ltd. (c) | 11,000 | 651,759 | |||
SWCC Showa Holdings Co., Ltd. | 4,500 | 31,813 | |||
Systena Corp. | 43,600 | 596,124 | |||
Syuppin Co., Ltd. | 20,700 | 250,948 | |||
T Hasegawa Co., Ltd. (c) | 14,800 | 306,463 | |||
T RAD Co., Ltd. (c) | 11,200 | 307,646 | |||
Tachi-S Co., Ltd. | 20,200 | 302,329 | |||
Tadano, Ltd. | 65,900 | 766,421 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Taihei Dengyo Kaisha, Ltd. | 12,500 | $ 331,250 | |||
Taiho Kogyo Co., Ltd. | 23,000 | 270,326 | |||
Taikisha, Ltd. | 14,800 | 483,409 | |||
Taiko Pharmaceutical Co., Ltd. (c) | 13,300 | 248,822 | |||
Taiyo Holdings Co., Ltd. | 4,600 | 177,585 | |||
Takamatsu Construction Group Co., Ltd. | 7,900 | 220,478 | |||
Takaoka Toko Co., Ltd. (c) | 1,900 | 29,976 | |||
Takara Standard Co., Ltd. (c) | 29,300 | 513,076 | |||
Takasago International Corp. | 26,400 | 966,888 | |||
Takasago Thermal Engineering Co., Ltd. | 34,000 | 615,433 | |||
Takeei Corp. | 35,400 | 258,990 | |||
Takeuchi Manufacturing Co., Ltd. | 21,800 | 588,255 | |||
Takisawa Machine Tool Co., Ltd. | 16,800 | 261,499 | |||
Takuma Co., Ltd. | 37,900 | 503,509 | |||
Tamron Co., Ltd. | 5,400 | 115,050 | |||
Tamura Corp. (c) | 48,800 | 305,470 | |||
Tanseisha Co., Ltd. | 23,300 | 244,313 | |||
Tatsuta Electric Wire and Cable Co., Ltd. | 48,100 | 268,481 | |||
Tayca Corp. | 11,500 | 273,566 | |||
TechMatrix Corp. | 13,900 | 276,813 | |||
Teikoku Electric Manufacturing Co., Ltd. | 3,600 | 53,975 | |||
Teikoku Sen-I Co., Ltd. (c) | 14,900 | 394,194 | |||
TKC Corp. | 7,700 | 322,344 | |||
Toa Corp. (e) | 19,200 | 224,311 | |||
Toa Corp. (e) | 8,000 | 176,009 | |||
TOA ROAD Corp. | 7,900 | 265,339 | |||
Toagosei Co., Ltd. | 156,400 | 1,805,171 | |||
Tobishima Corp. | 10,710 | 181,038 | |||
TOC Co., Ltd. (c) | 95,260 | 675,966 | |||
Tocalo Co., Ltd. | 32,400 | 333,741 | |||
Toei Animation Co., Ltd. | 8,700 | 270,379 | |||
Toei Co., Ltd. | 11,640 | 1,400,879 | |||
Toho Bank, Ltd. | 90,000 | 333,583 | |||
Toho Co., Ltd. | 13,900 | 278,404 | |||
Toho Titanium Co., Ltd. (c) | 23,400 | 281,826 | |||
Toho Zinc Co., Ltd. (c) | 12,500 | 496,324 | |||
TOKAI Holdings Corp. | 60,700 | 609,218 | |||
Tokai Rika Co., Ltd. | 19,200 | 405,687 | |||
Tokai Tokyo Financial Holdings, Inc. | 118,400 | 681,724 | |||
Tokushu Tokai Paper Co., Ltd. | 5,100 | 214,399 | |||
Tokyo Dome Corp. | 43,900 | 384,562 | |||
Tokyo Energy & Systems, Inc. | 26,300 | 264,887 | |||
Tokyo Kiraboshi Financial Group, Inc. | 400 | 8,526 | |||
Tokyo Ohka Kogyo Co., Ltd. | 18,600 | 551,851 | |||
Tokyo Rope Manufacturing Co., Ltd. (c) | 19,900 | 260,346 | |||
Tokyo Seimitsu Co., Ltd. | 22,900 | 595,156 | |||
Tokyo Steel Manufacturing Co., Ltd. (c) | 54,500 | 399,208 | |||
Tokyo Tekko Co., Ltd. | 1,800 | 28,874 | |||
Tokyotokeiba Co., Ltd. | 8,900 | 342,805 | |||
Tokyu Construction Co., Ltd. | 40,000 | 386,319 | |||
Tokyu REIT, Inc. | 345 | 476,564 |
Security Description | Shares | Value | |||
Tomoe Engineering Co., Ltd. | 2,800 | $ 56,993 | |||
TOMONY Holdings, Inc. | 91,480 | 390,613 | |||
Tomy Co., Ltd. | 55,800 | 574,285 | |||
Tonami Holdings Co., Ltd. | 4,200 | 268,081 | |||
Topcon Corp. | 56,100 | 1,024,355 | |||
Toppan Forms Co., Ltd. | 26,400 | 253,808 | |||
Topre Corp. | 24,700 | 624,975 | |||
Topy Industries, Ltd. | 28,598 | 842,191 | |||
Torex Semiconductor, Ltd. | 19,000 | 258,608 | |||
Toridoll Holdings Corp. (c) | 10,200 | 221,987 | |||
Torii Pharmaceutical Co., Ltd. | 5,600 | 134,842 | |||
Torikizoku Co., Ltd. | 12,900 | 269,732 | |||
Torishima Pump Manufacturing Co., Ltd. (c) | 5,600 | 54,183 | |||
Tosei Reit Investment Corp. | 207 | 208,121 | |||
Toshiba Machine Co., Ltd. (c) | 10,200 | 228,183 | |||
Toshiba TEC Corp. | 10,800 | 314,725 | |||
Tosho Co., Ltd. (c) | 9,000 | 365,277 | |||
Totetsu Kogyo Co., Ltd. (c) | 14,800 | 380,603 | |||
Towa Bank, Ltd. | 28,100 | 261,246 | |||
Towa Pharmaceutical Co., Ltd. | 2,800 | 207,563 | |||
Toyo Construction Co., Ltd. | 39,400 | 160,604 | |||
Toyo Corp. | 5,668 | 46,308 | |||
Toyo Denki Seizo KK | 17,700 | 276,911 | |||
Toyo Ink SC Holdings Co., Ltd. | 21,800 | 577,700 | |||
Toyo Kanetsu KK | 7,500 | 188,911 | |||
Toyo Machinery & Metal Co., Ltd. | 39,100 | 263,684 | |||
Toyo Securities Co., Ltd. | 115,000 | 271,339 | |||
Toyo Tanso Co., Ltd. | 8,300 | 246,256 | |||
Toyobo Co., Ltd. | 42,778 | 726,117 | |||
TPR Co., Ltd. | 16,800 | 444,460 | |||
Trancom Co., Ltd. | 3,800 | 278,012 | |||
Transcosmos, Inc. | 14,500 | 367,016 | |||
Tri Chemical Laboratories, Inc. | 6,700 | 279,302 | |||
Trusco Nakayama Corp. | 22,200 | 614,685 | |||
Trust Tech, Inc. | 6,400 | 249,610 | |||
TSI Holdings Co., Ltd. | 70,200 | 511,737 | |||
Tsubaki Nakashima Co., Ltd. (c) | 27,100 | 558,534 | |||
Tsubakimoto Chain Co. | 18,200 | 842,823 | |||
Tsugami Corp. (c) | 39,000 | 386,275 | |||
Tsukishima Kikai Co., Ltd. | 27,400 | 378,730 | |||
Tsukuba Bank, Ltd. | 106,900 | 258,815 | |||
Tsukui Corp. | 29,400 | 288,603 | |||
Tsurumi Manufacturing Co., Ltd. | 10,900 | 179,931 | |||
UACJ Corp. (c) | 2,400 | 57,494 | |||
Uchida Yoko Co., Ltd. | 6,800 | 184,989 | |||
UKC Holdings Corp. (c) | 10,800 | 249,022 | |||
Union Tool Co. | 7,200 | 269,402 | |||
Unipres Corp. | 17,900 | 348,119 | |||
United Arrows, Ltd. | 14,200 | 605,080 | |||
United Super Markets Holdings, Inc. | 33,600 | 418,281 | |||
UNITED, Inc. (c) | 5,300 | 131,211 | |||
Unitika, Ltd. (b) | 6,400 | 40,794 | |||
Unizo Holdings Co., Ltd. | 20,200 | 389,470 | |||
Ushio, Inc. | 60,500 | 829,854 | |||
UT Group Co., Ltd. (b)(c) | 13,900 | 496,232 | |||
Uzabase, Inc. (b) | 9,600 | 275,952 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
V Technology Co., Ltd. | 1,936 | $ 290,438 | |||
Valor Holdings Co., Ltd. | 33,100 | 765,830 | |||
ValueCommerce Co., Ltd. | 12,600 | 274,663 | |||
Vector, Inc. | 17,900 | 422,817 | |||
VIA Holdings, Inc. (b)(c) | 39,600 | 251,019 | |||
Vision, Inc. (b) | 5,700 | 253,423 | |||
Vital KSK Holdings, Inc. (c) | 28,200 | 318,037 | |||
VT Holdings Co., Ltd. (c) | 81,400 | 359,755 | |||
Wacom Co., Ltd. (c) | 74,100 | 315,749 | |||
Wakachiku Construction Co., Ltd. | 3,800 | 55,335 | |||
Wakita & Co., Ltd. | 10,900 | 134,925 | |||
Warabeya Nichiyo Holdings Co., Ltd. | 13,000 | 230,048 | |||
Watahan & Co., Ltd. | 9,800 | 251,244 | |||
WATAMI Co., Ltd. (c) | 16,300 | 186,413 | |||
WDB Holdings Co., Ltd. | 7,500 | 268,081 | |||
World Holdings Co., Ltd. | 9,000 | 271,779 | |||
Yahagi Construction Co., Ltd. | 26,700 | 204,037 | |||
Yakuodo Co., Ltd. | 7,700 | 263,706 | |||
YAMABIKO Corp. | 22,500 | 278,910 | |||
YAMADA Consulting Group Co., Ltd. | 11,200 | 261,697 | |||
Yamagata Bank, Ltd. | 15,600 | 336,900 | |||
Yamaichi Electronics Co., Ltd. (c) | 16,300 | 225,446 | |||
YA-MAN, Ltd. | 14,200 | 288,538 | |||
Yamanashi Chuo Bank, Ltd. | 22,400 | 402,701 | |||
Yamashin-Filter Corp. | 31,400 | 238,572 | |||
Yamato Kogyo Co., Ltd. | 23,000 | 713,783 | |||
Yamazen Corp. | 49,500 | 590,505 | |||
Yellow Hat, Ltd. | 10,300 | 275,670 | |||
Yodogawa Steel Works, Ltd. (c) | 31,600 | 781,758 | |||
Yokogawa Bridge Holdings Corp. | 18,400 | 385,544 | |||
Yokohama Reito Co., Ltd. (c) | 26,800 | 217,307 | |||
Yokowo Co., Ltd. | 20,500 | 262,240 | |||
Yondoshi Holdings, Inc. (c) | 14,700 | 307,887 | |||
Yonex Co., Ltd. (c) | 26,000 | 175,569 | |||
Yorozu Corp. | 14,700 | 227,259 | |||
Yoshinoya Holdings Co., Ltd. (c) | 32,100 | 509,259 | |||
Yuasa Trading Co., Ltd. | 10,300 | 369,978 | |||
Yume No Machi Souzou Iinkai Co., Ltd. (c) | 13,672 | 440,547 | |||
Yumeshin Holdings Co., Ltd. | 44,900 | 449,455 | |||
Yurtec Corp. | 31,600 | 264,852 | |||
Yushin Precision Equipment Co., Ltd. | 15,400 | 168,392 | |||
Zenrin Co., Ltd. (c) | 50,165 | 1,554,614 | |||
ZERIA Pharmaceutical Co., Ltd. | 22,400 | 495,784 | |||
ZIGExN Co., Ltd. (b) | 36,500 | 269,609 | |||
Zojirushi Corp. (c) | 23,800 | 336,722 | |||
334,742,557 | |||||
LIECHTENSTEIN — 0.0% (g) | |||||
VP Bank AG | 1,753 | 274,579 | |||
LUXEMBOURG — 0.1% | |||||
Befesa SA (b)(d) | 8,571 | 444,500 | |||
Corp. America Airports SA (b)(c) | 28,300 | 241,682 | |||
686,182 |
Security Description | Shares | Value | |||
MACAU — 0.1% | |||||
Macau Legend Development, Ltd. (c) | 3,131,740 | $ 568,323 | |||
MALTA — 0.1% | |||||
Catena Media PLC (b)(c) | 27,129 | 256,245 | |||
Kambi Group PLC (b) | 12,149 | 269,122 | |||
525,367 | |||||
NETHERLANDS — 1.7% | |||||
Accell Group NV | 13,048 | 253,699 | |||
AMG Advanced Metallurgical Group NV | 17,936 | 832,056 | |||
Arcadis NV (c) | 32,408 | 542,419 | |||
BE Semiconductor Industries NV (c) | 41,096 | 867,308 | |||
BinckBank NV | 4,140 | 25,534 | |||
Brack Capital Properties NV (b) | 1,015 | 115,332 | |||
Brunel International NV | 18,151 | 262,686 | |||
Constellium NV Class A (b) | 72,390 | 894,017 | |||
Corbion NV | 41,396 | 1,346,280 | |||
Eurocommercial Properties NV | 21,197 | 776,524 | |||
Flow Traders (c)(d) | 20,170 | 592,714 | |||
ForFarmers NV | 10,269 | 116,293 | |||
Fugro NV ADR (b)(c) | 50,702 | 669,878 | |||
Heijmans NV ADR (b) | 24,114 | 347,864 | |||
Intertrust NV (d) | 41,248 | 764,157 | |||
Kendrion NV | 12,489 | 435,179 | |||
Koninklijke BAM Groep NV | 129,390 | 497,148 | |||
Koninklijke Volkerwessels NV | 16,573 | 348,417 | |||
NSI NV REIT | 11,582 | 476,891 | |||
Pharming Group NV (b)(c) | 399,322 | 456,855 | |||
PostNL NV | 253,233 | 905,920 | |||
Rhi Magnesita NV | 12,252 | 762,054 | |||
Shop Apotheke Europe NV (b)(d) | 4,975 | 250,785 | |||
uniQure NV (b)(c) | 13,700 | 498,543 | |||
Vastned Retail NV REIT | 13,157 | 501,245 | |||
Wereldhave NV REIT | 23,453 | 824,030 | |||
Wessanen (c) | 31,408 | 384,138 | |||
14,747,966 | |||||
NEW ZEALAND — 1.1% | |||||
Argosy Property, Ltd. | 373,377 | 272,283 | |||
Arvida Group, Ltd. | 257,080 | 230,082 | |||
Chorus, Ltd. (c) | 163,329 | 526,236 | |||
Genesis Energy, Ltd. | 203,823 | 349,297 | |||
Goodman Property Trust REIT | 390,364 | 399,834 | |||
Infratil, Ltd. | 323,382 | 764,287 | |||
Kiwi Property Group, Ltd. | 585,234 | 539,294 | |||
Metlifecare, Ltd. | 69,713 | 300,406 | |||
New Zealand Refining Co., Ltd. | 106,914 | 182,158 | |||
Precinct Properties New Zealand, Ltd. | 497,096 | 474,552 | |||
Pushpay Holdings, Ltd. (b) | 93,997 | 253,623 | |||
Restaurant Brands New Zealand, Ltd. (c) | 153,716 | 796,905 | |||
SKYCITY Entertainment Group, Ltd. | 362,133 | 962,705 | |||
Stride Property Group | 274,289 | 354,588 | |||
Summerset Group Holdings, Ltd. | 137,725 | 713,091 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Synlait Milk, Ltd. (b) | 32,907 | $ 236,700 | |||
Tourism Holdings, Ltd. | 64,571 | 245,714 | |||
Trade Me Group, Ltd. | 214,425 | 742,039 | |||
Vital Healthcare Property Trust REIT | 243,302 | 341,143 | |||
Z Energy, Ltd. | 211,926 | 1,004,549 | |||
9,689,486 | |||||
NORWAY — 1.5% | |||||
Akastor ASA (b) | 97,746 | 212,217 | |||
Aker Solutions ASA (b) | 60,462 | 429,893 | |||
Archer, Ltd. (b) | 294,871 | 275,198 | |||
Atea ASA (b) | 42,424 | 687,678 | |||
Avance Gas Holding, Ltd. (b)(c)(d) | 14,604 | 36,477 | |||
Axactor AB (b)(c) | 74,751 | 228,798 | |||
B2Holding ASA (c) | 161,523 | 321,328 | |||
Borregaard ASA | 56,962 | 583,379 | |||
BW Offshore, Ltd. (b) | 51,073 | 405,157 | |||
DOF ASA (b)(c) | 307,264 | 273,181 | |||
Europris ASA (b)(d) | 52,334 | 146,849 | |||
Frontline, Ltd. (b) | 48,133 | 280,761 | |||
Golden Ocean Group, Ltd. (b) | 36,676 | 361,625 | |||
Grieg Seafood ASA | 29,453 | 388,810 | |||
Kitron ASA (c) | 220,846 | 264,962 | |||
Komplett Bank ASA (b) | 117,523 | 265,546 | |||
Kongsberg Automotive ASA (b) | 276,028 | 308,118 | |||
Kvaerner ASA (b) | 113,963 | 210,760 | |||
NEL ASA (b) | 600,601 | 285,428 | |||
Nordic Nanovector ASA (b)(c) | 30,589 | 194,954 | |||
Nordic Semiconductor ASA (b) | 86,020 | 496,474 | |||
Norway Royal Salmon ASA | 9,326 | 224,924 | |||
Norwegian Air Shuttle ASA (b)(c) | 9,455 | 284,464 | |||
Ocean Yield ASA | 22,344 | 182,741 | |||
Odfjell Drilling, Ltd. (b) | 60,060 | 265,514 | |||
Petroleum Geo-Services ASA (b) | 155,537 | 699,251 | |||
Prosafe SE (b) | 63,012 | 232,137 | |||
Protector Forsikring ASA (b)(c) | 59,123 | 384,797 | |||
Sbanken ASA (d) | 38,823 | 422,875 | |||
Scatec Solar ASA (c)(d) | 97,270 | 719,076 | |||
Ship Finance International, Ltd. (c) | 35,202 | 489,308 | |||
Solstad Farstad ASA (b) | 447,755 | 269,424 | |||
SpareBank 1 Nord Norge | 40,654 | 344,471 | |||
SpareBank 1 SMN | 42,173 | 470,758 | |||
Stolt-Nielsen, Ltd. | 13,025 | 199,295 | |||
Veidekke ASA (c) | 81,309 | 887,646 | |||
Wallenius Wilhelmsen Logistics (b) | 65,335 | 280,008 | |||
13,014,282 | |||||
PERU — 0.0% (g) | |||||
Hochschild Mining PLC | 211,609 | 451,866 | |||
PORTUGAL — 0.2% | |||||
Altri SGPS SA | 134,127 | 1,286,813 | |||
Banco Comercial Portugues SA Class R (b) | 2,925 | 866 | |||
Mota-Engil SGPS SA (b) | 41,072 | 100,181 |
Security Description | Shares | Value | |||
REN - Redes Energeticas Nacionais SGPS SA | 107,853 | $ 304,409 | |||
1,692,269 | |||||
SINGAPORE — 1.6% | |||||
Accordia Golf Trust | 417,300 | 166,450 | |||
AIMS AMP Capital Industrial REIT | 256,758 | 263,081 | |||
Ascendas Hospitality Trust | 533,200 | 319,994 | |||
Ascott Residence Trust REIT (c) | 554,225 | 446,187 | |||
Best World International, Ltd. | 263,800 | 283,812 | |||
BW LPG, Ltd. (b)(c)(d) | 21,606 | 94,587 | |||
Cache Logistics Trust REIT | 41,748 | 22,457 | |||
CapitaLand Retail China Trust REIT | 357,873 | 379,782 | |||
CDL Hospitality Trusts | 457,680 | 535,945 | |||
China Aviation Oil Singapore Corp., Ltd. | 231,200 | 258,891 | |||
China New Town Development Co., Ltd. (f) | 428,500 | 12,047 | |||
Chip Eng Seng Corp., Ltd. | 423,900 | 259,053 | |||
CITIC Envirotech, Ltd. | 624,700 | 251,462 | |||
ESR-REIT | 286,209 | 106,830 | |||
Ezion Holdings, Ltd. (b) | 4,945,500 | 267,843 | |||
Ezra Holdings, Ltd. (a)(b)(c) | 1,444,295 | — | |||
First Real Estate Investment Trust | 600,200 | 553,483 | |||
First Resources, Ltd. | 218,500 | 268,657 | |||
Frasers Centrepoint Trust REIT | 274,900 | 456,708 | |||
Frasers Commercial Trust REIT | 343,399 | 366,936 | |||
Frasers Logistics & Industrial Trust REIT | 642,049 | 502,794 | |||
GuocoLand, Ltd. | 191,400 | 264,754 | |||
Hyflux, Ltd. (a)(b) | 33,300 | — | |||
IGG, Inc. | 466,000 | 580,646 | |||
Keppel DC REIT (c) | 317,466 | 318,314 | |||
Keppel Infrastructure Trust (c) | 1,330,638 | 482,062 | |||
Lian Beng Group, Ltd. | 129,600 | 49,323 | |||
M1, Ltd. (c) | 219,100 | 338,347 | |||
Manulife US Real Estate Investment Trust | 727,846 | 578,638 | |||
Midas Holdings, Ltd. (a)(b) | 1,078,700 | — | |||
OUE Hospitality Trust (c) | 875,733 | 461,469 | |||
OUE Lippo Healthcare, Ltd. (b) | 1,800 | 116 | |||
Parkway Life Real Estate Investment Trust | 260,300 | 514,370 | |||
Raffles Medical Group, Ltd. (c) | 501,710 | 414,925 | |||
RHT Health Trust | 478,800 | 259,313 | |||
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust | 202,849 | 63,838 | |||
Sheng Siong Group, Ltd. | 291,700 | 239,107 | |||
Singapore Post, Ltd. (c) | 753,000 | 622,747 | |||
Soilbuild Business Space REIT | 295,010 | 129,547 | |||
Starhill Global REIT | 772,300 | 392,834 | |||
Swiber Holdings, Ltd. (a)(b)(c) | 100,100 | — | |||
Technics Oil & Gas, Ltd. (a)(b) | 1,254 | — | |||
UMS Holdings, Ltd. (c) | 429,974 | 236,016 | |||
United Engineers, Ltd. | 299,700 | 581,260 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Wheelock Properties Singapore, Ltd. | 165,600 | $ 255,729 | |||
Wing Tai Holdings, Ltd. | 583,499 | 832,746 | |||
Zheng Li Holdings, Ltd. (b) | 390,000 | 248,208 | |||
13,681,308 | |||||
SOUTH KOREA — 11.0% | |||||
AbClon, Inc. (b) | 4,840 | 260,053 | |||
Able C&C Co., Ltd. (b)(c) | 7,754 | 98,563 | |||
Advanced Process Systems Corp. (b)(c) | 7,991 | 186,583 | |||
Aekyung Industrial Co., Ltd. (b) | 4,156 | 252,151 | |||
AfreecaTV Co., Ltd. | 5,474 | 176,668 | |||
Ahnlab, Inc. | 2,834 | 135,664 | |||
AJ Rent A Car Co., Ltd. (b) | 2,792 | 33,980 | |||
AK Holdings, Inc. | 1,991 | 109,848 | |||
Alteogen, Inc. (b) | 7,853 | 272,563 | |||
Amicogen, Inc. (b) | 13,432 | 503,132 | |||
Amotech Co., Ltd. (b) | 9,927 | 243,868 | |||
Anam Electronics Co., Ltd. (b) | 87,492 | 268,175 | |||
Ananti, Inc. (b) | 32,480 | 307,451 | |||
Anterogen Co., Ltd. (b) | 3,019 | 249,032 | |||
Aprogen pharmaceuticals, Inc. (b)(c) | 43,082 | 144,092 | |||
Asiana Airlines, Inc. (b) | 46,548 | 183,171 | |||
ATGen Co., Ltd. (b) | 18,459 | 282,897 | |||
BGF Co., Ltd. | 31,565 | 267,488 | |||
BH Co., Ltd. (b) | 17,122 | 290,962 | |||
Binex Co., Ltd. (b) | 16,087 | 184,908 | |||
Binggrae Co., Ltd. | 1,439 | 97,814 | |||
Boryung Pharmaceutical Co., Ltd. | 19,351 | 200,619 | |||
Bukwang Pharmaceutical Co., Ltd. | 13,548 | 337,097 | |||
Byucksan Corp. | 6,455 | 19,320 | |||
Cafe24 Corp. (b) | 3,342 | 450,722 | |||
CammSys Corp. (b) | 138,408 | 261,406 | |||
Caregen Co., Ltd. | 3,432 | 272,270 | |||
Cell Biotech Co., Ltd. | 3,436 | 112,752 | |||
Cellumed Co., Ltd. (b) | 23,308 | 278,414 | |||
Chabiotech Co., Ltd. (b)(c) | 27,673 | 602,482 | |||
Cheil Worldwide, Inc. | 45,914 | 896,135 | |||
Choa Pharmaceutical Co. (b)(c) | 18,289 | 93,320 | |||
Chong Kun Dang Pharmaceutical Corp. | 3,826 | 407,003 | |||
Chongkundang Holdings Corp. | 2,037 | 127,628 | |||
CJ CGV Co., Ltd. | 537 | 25,125 | |||
CJ Freshway Corp. | 1,743 | 49,026 | |||
CMG Pharmaceutical Co., Ltd. (b)(c) | 44,208 | 229,957 | |||
CNK International Co., Ltd. (a)(b) | 16,071 | — | |||
Com2uSCorp | 7,536 | 995,968 | |||
Coreana Cosmetics Co., Ltd. | 46,690 | 273,595 | |||
Cosmax, Inc. | 5,459 | 772,651 | |||
Cosmecca Korea Co., Ltd. | 7,950 | 250,128 | |||
CosmoAM&T Co., Ltd. (b) | 11,293 | 254,519 | |||
COSON Co., Ltd. (b) | 18,919 | 258,393 | |||
CROWNHAITAI Holdings Co., Ltd. | 1,904 | 24,374 | |||
CrystalGenomics, Inc. (b) | 18,308 | 384,563 |
Security Description | Shares | Value | |||
CS Wind Corp. | 9,062 | $ 273,678 | |||
CTC BIO, Inc. (b) | 6,596 | 76,708 | |||
Cuckoo Homesys Co., Ltd. (b) | 1,343 | 258,490 | |||
CUROCOM Co., Ltd. (b) | 128,631 | 281,788 | |||
Dae Han Flour Mills Co., Ltd. | 495 | 81,217 | |||
Dae Hwa Pharmaceutical Co., Ltd. | 9,497 | 237,157 | |||
Daea TI Co., Ltd. | 31,946 | 244,797 | |||
Daeduck Electronics Co. | 36,058 | 259,403 | |||
Daeduck GDS Co., Ltd. | 6,356 | 70,192 | |||
Daesang Corp. | 17,279 | 408,901 | |||
Daewon Pharmaceutical Co., Ltd. | 10,852 | 194,685 | |||
Daewoo Engineering & Construction Co., Ltd. (b) | 115,791 | 617,970 | |||
Daewoong Co., Ltd. | 25,295 | 410,467 | |||
Daishin Securities Co., Ltd. Preference Shares | 63,824 | 544,309 | |||
Daou Technology, Inc. | 19,361 | 390,973 | |||
Dawonsys Co., Ltd. | 17,038 | 265,727 | |||
DB HiTek Co., Ltd. (c) | 26,529 | 377,875 | |||
Dentium Co., Ltd. | 6,044 | 547,597 | |||
DGB Financial Group, Inc. | 104,499 | 956,200 | |||
Digital Power Communications Co., Ltd. | 14,105 | 44,632 | |||
DIO Corp. (b) | 816 | 23,687 | |||
DMS Co., Ltd. | 45,311 | 269,599 | |||
Dong-A Socio Holdings Co., Ltd. (c) | 4,420 | 452,261 | |||
Dong-A ST Co., Ltd. | 4,660 | 451,611 | |||
Dongkoo Bio & Pharma Co., Ltd. (b) | 9,475 | 264,369 | |||
DongKook Pharmaceutical Co., Ltd. | 3,396 | 200,836 | |||
Dongkuk Steel Mill Co., Ltd. | 21,205 | 177,975 | |||
Dongsung Finetec Co., Ltd. (b) | 8,631 | 61,314 | |||
Dongsung Pharmaceutical Co., Ltd. (b) | 9,441 | 301,295 | |||
Dongwha Pharm Co., Ltd. | 32,068 | 328,124 | |||
Dongwon F&B Co., Ltd. | 418 | 112,107 | |||
Dongwon Industries Co., Ltd. | 186 | 50,137 | |||
Doosan Heavy Industries & Construction Co., Ltd. (b) | 45,835 | 615,679 | |||
Doosan Infracore Co., Ltd. (b) | 60,116 | 531,113 | |||
DoubleUGames Co., Ltd. | 6,701 | 416,830 | |||
Douzone Bizon Co., Ltd. | 17,941 | 988,231 | |||
Easy Bio, Inc. | 37,305 | 259,966 | |||
Ecopro Co., Ltd. (b)(c) | 11,202 | 431,215 | |||
EM-Tech Co., Ltd. | 17,291 | 272,790 | |||
Enerzent Co., Ltd. (b) | 69,478 | 181,329 | |||
ENF Technology Co., Ltd. | 22,240 | 258,640 | |||
Enzychem Lifesciences Corp. (b) | 2,714 | 292,136 | |||
Esmo Corp. (b) | 33,108 | 262,655 | |||
Eugene Corp. | 40,748 | 253,470 | |||
Eugene Investment & Securities Co., Ltd. (b) | 117,637 | 307,548 | |||
Eugene Technology Co., Ltd. | 3,975 | 50,707 | |||
F&F Co., Ltd. | 4,139 | 314,553 | |||
Feelingk Co., Ltd. (b) | 97,278 | 264,845 | |||
Feelux Co., Ltd. | 21,936 | 346,072 | |||
Finetex EnE, Inc. (b)(c) | 52,969 | 6,208 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Foosung Co., Ltd. (b)(c) | 39,937 | $ 383,438 | |||
GemVax & Kael Co., Ltd. (b) | 16,027 | 213,838 | |||
Genexine Co., Ltd. (b) | 8,219 | 770,589 | |||
GNCO Co., Ltd. (b)(c) | 23,216 | 48,242 | |||
Golfzon Newdin Holdings Co., Ltd. | 2,654 | 11,102 | |||
Grand Korea Leisure Co., Ltd. | 15,150 | 340,764 | |||
Green Cross Cell Corp. | 3,312 | 222,442 | |||
Green Cross Corp. | 4,126 | 650,935 | |||
Green Cross Holdings Corp. | 15,040 | 391,169 | |||
Green Cross LabCell Corp. | 4,972 | 273,421 | |||
GS Home Shopping, Inc. | 2,604 | 475,375 | |||
G-SMATT GLOBAL Co., Ltd. (b) | 21,662 | 270,470 | |||
G-treeBNT Co., Ltd. (b)(c) | 14,510 | 440,827 | |||
HAESUNG DS Co., Ltd. | 17,394 | 268,927 | |||
Halla Holdings Corp. | 2,777 | 101,517 | |||
Hana Tour Service, Inc. | 4,845 | 322,782 | |||
Hanall Biopharma Co., Ltd. (b) | 16,262 | 477,928 | |||
Handsome Co., Ltd. | 11,925 | 402,606 | |||
Hanil Cement Co., Ltd. (b) | 983 | 131,598 | |||
Hanil Holdings Co., Ltd. | 807 | 52,745 | |||
Hanjin Kal Corp. | 23,833 | 483,428 | |||
Hanjin Shipping Co., Ltd. (a)(b) | 1,732 | — | |||
Hanjin Transportation Co., Ltd. | 4,163 | 122,723 | |||
Hankook Cosmetics Co., Ltd. (b) | 20,303 | 279,126 | |||
Hankook Tire Worldwide Co., Ltd. | 14,702 | 238,572 | |||
Hanmi Semiconductor Co., Ltd. | 14,466 | 134,977 | |||
Hansae Co., Ltd. | 11,196 | 219,529 | |||
Hansol Chemical Co., Ltd. | 8,717 | 627,891 | |||
Hansol Holdings Co., Ltd. | 49,465 | 224,304 | |||
Hansol Paper Co., Ltd. | 31,171 | 567,640 | |||
Hanssem Co., Ltd. | 7,490 | 517,227 | |||
Hanwha Aerospace Co., Ltd. (b) | 23,128 | 529,593 | |||
Hanwha General Insurance Co., Ltd. | 43,746 | 276,851 | |||
Hanwha Investment & Securities Co., Ltd. (b) | 87,516 | 204,737 | |||
HDC Holdings Co., Ltd. | 15,434 | 318,628 | |||
HDC Hyundai Engineering Plastics Co., Ltd. | 5,251 | 27,409 | |||
Hite Jinro Co., Ltd. | 17,034 | 258,754 | |||
HLB Life Science Co., Ltd. (b) | 17,004 | 343,376 | |||
HS Industries Co., Ltd. | 36,909 | 280,831 | |||
Huchems Fine Chemical Corp. | 22,022 | 495,334 | |||
Hugel, Inc. (b) | 1,433 | 552,659 | |||
Humedix Co., Ltd. | 1,145 | 33,960 | |||
Huons Co., Ltd. | 3,214 | 286,848 | |||
Huons Global Co., Ltd. | 2,230 | 110,771 | |||
Hyosung Advanced Materials Corp. (b) | 2,110 | 269,159 | |||
Hyosung Chemical Corp. (b) | 1,868 | 257,655 | |||
Hyosung Corp. | 6,032 | 261,020 | |||
Hyosung Heavy Industries Corp. (b) | 4,784 | 256,182 | |||
Hyosung TNC Co., Ltd. (b) | 1,717 | 287,908 | |||
Hyundai Bioscience Co., Ltd. (b)(c) | 47,923 | 407,837 | |||
Hyundai Construction Equipment Co., Ltd. (b) | 3,706 | 409,272 |
Security Description | Shares | Value | |||
Hyundai Corp. | 2,443 | $ 73,119 | |||
Hyundai Greenfood Co., Ltd. (c) | 36,084 | 457,048 | |||
Hyundai Home Shopping Network Corp. | 4,194 | 419,684 | |||
Hyundai Hy Communications & Network Co., Ltd. | 13,039 | 49,076 | |||
Hyundai Livart Furniture Co., Ltd. | 13,718 | 301,753 | |||
Hyundai Merchant Marine Co., Ltd. (b)(c) | 127,119 | 563,827 | |||
Hyundai Mipo Dockyard Co., Ltd. (b) | 4,383 | 408,961 | |||
Hyundai Wia Corp. | 2,027 | 77,389 | |||
Il Dong Pharmaceutical Co., Ltd. | 8,519 | 206,207 | |||
Ilyang Pharmaceutical Co., Ltd. (b) | 8,684 | 281,442 | |||
Innocean Worldwide, Inc. | 6,099 | 321,101 | |||
Innox Advanced Materials Co., Ltd. (b) | 2,718 | 130,601 | |||
Inscobee, Inc. (b)(c) | 55,511 | 464,906 | |||
Insun ENT Co., Ltd. (b) | 41,093 | 263,395 | |||
Interojo Co., Ltd. | 3,732 | 105,139 | |||
iNtRON Biotechnology, Inc. (b) | 7,679 | 294,907 | |||
IS Dongseo Co., Ltd. | 6,336 | 220,196 | |||
ISC Co., Ltd. | 23,308 | 251,098 | |||
Jahwa Electronics Co., Ltd. | 24,279 | 271,408 | |||
Jayjun Cosmetic Co., Ltd. (b)(c) | 15,984 | 271,624 | |||
JB Financial Group Co., Ltd. | 212,246 | 1,153,792 | |||
Jeil Pharmaceutical Co., Ltd. (c) | 5,103 | 272,804 | |||
Jeju Air Co., Ltd. | 5,406 | 182,759 | |||
Jenax, Inc. (b)(c) | 7,526 | 185,903 | |||
Jin Air Co., Ltd. | 13,614 | 265,714 | |||
JoyCity Corp. (b) | 330 | 3,986 | |||
JW Pharmaceutical Corp. | 6,430 | 261,142 | |||
JW Shinyak Corp. | 32,300 | 259,739 | |||
JYP Entertainment Corp. (b) | 23,894 | 799,159 | |||
Kangstem Biotech Co., Ltd. (b) | 14,789 | 292,647 | |||
KC Co., Ltd. | 5,960 | 112,027 | |||
KEPCO Engineering & Construction Co., Inc. | 14,641 | 277,179 | |||
KEPCO Plant Service & Engineering Co., Ltd. | 15,819 | 484,874 | |||
Kginicis Co., Ltd. | 17,112 | 283,079 | |||
KGMobilians Co., Ltd. | 11,526 | 80,529 | |||
Kiwi Media Group Co., Ltd. (b) | 651,786 | 253,252 | |||
KIWOOM Securities Co., Ltd. (c) | 7,303 | 641,913 | |||
Koh Young Technology, Inc. | 4,951 | 486,508 | |||
Kolon Industries, Inc. | 9,578 | 537,076 | |||
Kolon Life Science, Inc. (b) | 3,148 | 235,266 | |||
Komipharm International Co., Ltd. (b)(c) | 14,789 | 347,310 | |||
KONA I Co., Ltd. (b) | 1,168 | 19,164 | |||
Korea Circuit Co., Ltd. (b) | 25,756 | 153,015 | |||
Korea Electric Terminal Co., Ltd. | 2,731 | 105,375 | |||
Korea Kolmar Co., Ltd. (c) | 9,422 | 635,353 | |||
Korea Line Corp. (b) | 7,113 | 154,860 | |||
Korea Petrochemical Ind Co., Ltd. | 2,728 | 453,744 | |||
Korea Real Estate Investment & Trust Co., Ltd. | 56,011 | 140,880 | |||
Korea United Pharm, Inc. | 7,418 | 201,960 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Korean Reinsurance Co. | 98,271 | $ 925,789 | |||
Kortek Corp. | 8,193 | 122,239 | |||
KT Skylife Co., Ltd. | 5,328 | 67,245 | |||
Kumho Industrial Co., Ltd. | 14,477 | 155,309 | |||
Kumho Tire Co., Inc. (b)(c) | 53,369 | 254,997 | |||
Kwang Dong Pharmaceutical Co., Ltd. | 18,445 | 127,207 | |||
KyungDong City Gas Co., Ltd. | 829 | 31,314 | |||
Kyungdong Pharm Co., Ltd. | 14,748 | 175,500 | |||
L&F Co., Ltd. | 11,373 | 449,076 | |||
Leaders Cosmetics Co., Ltd. (b) | 7,623 | 114,766 | |||
LEENO Industrial, Inc. | 7,199 | 427,689 | |||
LegoChem Biosciences, Inc. (b) | 6,013 | 268,871 | |||
LF Corp. | 2,300 | 54,014 | |||
LG International Corp. | 24,948 | 498,173 | |||
Lock&Lock Co., Ltd. | 3,481 | 53,662 | |||
LOT Vacuum Co., Ltd. | 28,286 | 263,926 | |||
Lotte Chilsung Beverage Co., Ltd. | 290 | 363,922 | |||
LOTTE Fine Chemical Co., Ltd. | 15,409 | 720,962 | |||
Lotte Food Co., Ltd. | 707 | 529,015 | |||
LOTTE Himart Co., Ltd. | 4,404 | 264,816 | |||
Lotte Non-Life Insurance Co., Ltd. | 111,202 | 275,687 | |||
LS Industrial Systems Co., Ltd. | 11,920 | 801,652 | |||
Lumens Co., Ltd. (b) | 19,158 | 57,427 | |||
Lutronic Corp. | 11,016 | 129,600 | |||
Macrogen, Inc. (b) | 4,527 | 161,001 | |||
Maeil Dairies Co., Ltd. | 927 | 69,447 | |||
MagnaChip Semiconductor Corp. (b)(c) | 25,077 | 248,262 | |||
Mando Corp. | 18,818 | 585,279 | |||
ME2ON Co., Ltd. (b) | 41,621 | 271,282 | |||
Medipost Co., Ltd. (b) | 4,548 | 426,407 | |||
Meerecompany, Inc. | 2,973 | 234,785 | |||
Meritz Financial Group, Inc. | 34,640 | 391,915 | |||
Meritz Fire & Marine Insurance Co., Ltd. | 31,100 | 542,515 | |||
Mezzion Pharma Co., Ltd. (b) | 3,459 | 283,767 | |||
Minwise Co., Ltd. | 24,678 | 508,355 | |||
Mirae Asset Life Insurance Co., Ltd. | 58,680 | 271,909 | |||
Mirae Corp. (b) | 233,232 | 46,468 | |||
Modetour Network, Inc. | 7,585 | 171,975 | |||
MyungMoon Pharm Co., Ltd. | 42,657 | 277,650 | |||
Namhae Chemical Corp. | 20,518 | 254,336 | |||
Nanomedics Co., Ltd. (b) | 25,445 | 270,679 | |||
Naturalendo Tech Co., Ltd. (b)(c) | 2,389 | 41,567 | |||
Naturecell Co., Ltd. (b)(c) | 29,907 | 413,858 | |||
Neowiz (b) | 6,760 | 94,765 | |||
NEPES Corp. (c) | 10,488 | 100,696 | |||
NHN Entertainment Corp. (b) | 8,912 | 491,697 | |||
NHN KCP Corp. (b) | 7,760 | 92,343 | |||
NICE Holdings Co., Ltd. | 5,530 | 100,455 | |||
NICE Information Service Co., Ltd. | 29,135 | 270,535 | |||
NongShim Co., Ltd. | 2,983 | 654,821 | |||
OPTRON-TEC, Inc. (b) | 39,086 | 172,835 | |||
Orion Holdings Corp. | 12,992 | 220,779 |
Security Description | Shares | Value | |||
Oscotec, Inc. (b) | 11,169 | $ 266,324 | |||
Osstem Implant Co., Ltd. (b) | 8,165 | 357,368 | |||
Osung Advanced Materials Co., Ltd. (b) | 111,202 | 261,652 | |||
Paradise Co., Ltd. (c) | 26,259 | 495,944 | |||
Paru Co., Ltd. (b)(c) | 89,933 | 275,657 | |||
Peptron, Inc. (b)(c) | 14,618 | 417,092 | |||
Pharmicell Co., Ltd. (b)(c) | 41,649 | 621,403 | |||
POLUS BioPharm, Inc. (b) | 20,093 | 265,371 | |||
Poongsan Corp. | 19,754 | 565,418 | |||
Posco ICT Co., Ltd. | 8,096 | 55,032 | |||
Power Logics Co., Ltd. (b) | 15,824 | 77,034 | |||
Prostemics Co., Ltd. (b) | 32,847 | 275,983 | |||
PSK, Inc. | 15,368 | 231,369 | |||
Sajo Industries Co., Ltd. | 1,250 | 70,881 | |||
Sam Chun Dang Pharm Co., Ltd. | 6,383 | 275,633 | |||
Sam Yung Trading Co., Ltd. | 5,770 | 86,869 | |||
Samick THK Co., Ltd. | 19,359 | 257,422 | |||
Samjin Pharmaceutical Co., Ltd. | 10,554 | 553,746 | |||
Samwha Capacitor Co., Ltd. | 3,895 | 261,598 | |||
Samyang Holdings Corp. | 4,163 | 380,928 | |||
Sangsangin Co., Ltd. (b) | 20,416 | 381,908 | |||
S-Connect Co., Ltd. (b) | 144,590 | 262,002 | |||
SeAH Steel Corp. (f) | 678 | 41,869 | |||
Seegene, Inc. (b) | 174 | 3,882 | |||
Seobu T&D (b) | 11,932 | 110,795 | |||
Seohan Co., Ltd. | 155,221 | 304,355 | |||
Seoul Semiconductor Co., Ltd. | 25,050 | 462,948 | |||
SFA Engineering Corp. | 30,121 | 993,850 | |||
Shinsegae Information & Communication Co., Ltd. | 2,754 | 372,414 | |||
Shinsegae International, Inc. | 1,295 | 266,180 | |||
Shinsung E&G Co., Ltd. (b) | 216,616 | 257,772 | |||
Silicon Works Co., Ltd. | 5,344 | 195,356 | |||
Sindoh Co., Ltd. | 1,302 | 58,277 | |||
SK Bioland Co., Ltd. | 4,028 | 66,089 | |||
SK Chemicals Co., Ltd. (b) | 4,134 | 317,527 | |||
SK Discovery Co., Ltd. | 3,850 | 116,446 | |||
SK Gas, Ltd. | 3,746 | 284,348 | |||
SK Materials Co., Ltd. (c) | 3,119 | 513,155 | |||
SK Networks Co., Ltd. | 74,421 | 369,002 | |||
SK Securities Co., Ltd. (b) | 252,880 | 239,373 | |||
SKC Co., Ltd. | 14,921 | 573,704 | |||
SKCKOLONPI, Inc. | 9,358 | 396,508 | |||
SM Culture & Contents Co., Ltd. (b)(c) | 102,783 | 243,696 | |||
SM Entertainment Co., Ltd. (b) | 9,540 | 434,320 | |||
S-MAC Co., Ltd. (b) | 208,852 | 253,240 | |||
Songwon Industrial Co., Ltd. | 15,805 | 353,359 | |||
Soulbrain Co., Ltd. | 8,006 | 433,771 | |||
SPC Samlip Co., Ltd. | 1,726 | 214,729 | |||
ST Pharm Co., Ltd. | 8,802 | 238,053 | |||
STCUBE (b) | 12,956 | 276,815 | |||
Suheung Co., Ltd. (c) | 1,547 | 43,931 | |||
SundayToz Corp. (b) | 998 | 19,029 | |||
Sungshin Cement Co., Ltd. (b)(c) | 14,450 | 166,743 | |||
Synopex, Inc. (b)(c) | 30,963 | 97,278 | |||
Taekwang Industrial Co., Ltd. | 554 | 832,561 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Taeyoung Engineering & Construction Co., Ltd. | 46,831 | $ 536,176 | |||
TechWing, Inc. | 19,686 | 243,136 | |||
Tego Science, Inc. (b) | 4,972 | 262,215 | |||
Telcon RF Pharmaceutical, Inc. (b) | 40,592 | 376,919 | |||
Theragen Etex Co., Ltd. (b) | 19,042 | 256,640 | |||
Tovis Co., Ltd. | 7,677 | 55,229 | |||
Union Semiconductor Equipment & Materials Co., Ltd. | 53,854 | 257,800 | |||
Unison Co., Ltd. (b) | 135,511 | 252,881 | |||
Value Added Technology Co., Ltd. | 3,728 | 106,202 | |||
Wave Electronics Co., Ltd. (b) | 6,903 | 146,866 | |||
Webzen, Inc. (b) | 12,204 | 218,940 | |||
WeMade Entertainment Co., Ltd. | 5,989 | 167,373 | |||
Whanin Pharmaceutical Co., Ltd. | 9,275 | 178,936 | |||
Wins Co., Ltd. | 6,939 | 82,574 | |||
WiSoL Co., Ltd. | 6,404 | 111,424 | |||
Wonik Holdings Co., Ltd. (b) | 106,914 | 479,029 | |||
WONIK IPS Co., Ltd. | 17,910 | 361,671 | |||
Woojeon Co., Ltd. (a)(b) | 7,674 | — | |||
Woongjin Thinkbig Co., Ltd. | 8,406 | 35,844 | |||
Woori Technology Investment Co., Ltd. | 76,873 | 276,168 | |||
Woory Industrial Co., Ltd. | 9,090 | 247,071 | |||
YG Entertainment, Inc. | 4,028 | 160,503 | |||
Yong Pyong Resort Co., Ltd. | 42,224 | 272,548 | |||
Young Poong Corp. | 602 | 419,514 | |||
Youngone Corp. | 10,693 | 380,774 | |||
Yuanta Securities Korea Co., Ltd. (b) | 78,439 | 268,358 | |||
Yungjin Pharmaceutical Co., Ltd. (b) | 56,478 | 429,218 | |||
Yuyang D&U Co., Ltd. (b) | 31,160 | 260,685 | |||
95,561,348 | |||||
SPAIN — 1.1% | |||||
Abengoa SA Class B (b) | 12,795,224 | 148,616 | |||
Aedas Homes SAU (b)(d) | 13,446 | 425,109 | |||
Amper SA (b) | 735,981 | 256,965 | |||
Applus Services SA | 56,669 | 806,966 | |||
Atresmedia Corp. de Medios de Comunicacion SA | 54,198 | 336,788 | |||
Construcciones y Auxiliar de Ferrocarriles SA | 12,154 | 506,090 | |||
Distribuidora Internacional de Alimentacion SA (c) | 278,222 | 646,309 | |||
Ercros SA | 66,758 | 388,860 | |||
Euskaltel SA (d) | 712 | 5,603 | |||
Faes Farma SA | 184,876 | 781,630 | |||
Global Dominion Access SA (b)(d) | 44,901 | 273,801 | |||
Grupo Ezentis SA (b)(c) | 312,353 | 259,763 | |||
Lar Espana Real Estate Socimi SA REIT | 26,419 | 269,113 | |||
Let's GOWEX SA (a)(b)(c) | 9,561 | — | |||
Liberbank SA (b) | 1,093,742 | 612,324 | |||
Miquel y Costas & Miquel SA | 6,884 | 255,864 | |||
Neinor Homes SA (c)(d) | 25,475 | 463,367 |
Security Description | Shares | Value | |||
Papeles y Cartones de Europa SA | 28,649 | $ 556,371 | |||
Pharma Mar SA (b)(c) | 23,336 | 41,253 | |||
Promotora de Informaciones SA Class A (b)(c) | 227,003 | 511,508 | |||
Quabit Inmobiliaria SA (b) | 117,338 | 256,767 | |||
Sacyr SA (c) | 131,814 | 386,582 | |||
Solaria Energia y Medio Ambiente SA (b) | 42,421 | 275,430 | |||
Talgo SA (b)(d) | 39,473 | 208,837 | |||
Tecnicas Reunidas SA (c) | 20,855 | 642,154 | |||
Telepizza Group SA (d) | 34,660 | 205,314 | |||
Tubacex SA (b) | 86,119 | 318,086 | |||
9,839,470 | |||||
SWEDEN — 3.1% | |||||
AcadeMedia AB (b)(d) | 30,916 | 171,385 | |||
Acando AB | 92,434 | 386,649 | |||
AF AB Class B | 31,143 | 719,288 | |||
Alimak Group AB (c)(d) | 21,129 | 297,933 | |||
Arjo AB Class B | 84,944 | 287,025 | |||
Attendo AB (d) | 51,201 | 481,024 | |||
Avanza Bank Holding AB (c) | 10,628 | 483,765 | |||
Bergman & Beving AB | 14,029 | 151,913 | |||
Betsson AB (b) | 53,277 | 410,247 | |||
Bilia AB Class A | 29,357 | 239,492 | |||
BioGaia AB Class B | 6,624 | 332,571 | |||
Biotage AB | 38,253 | 512,724 | |||
Bonava AB Class B | 39,942 | 573,539 | |||
Boozt AB (c)(d) | 20,981 | 176,941 | |||
Bravida Holding AB (d) | 86,532 | 709,327 | |||
Bufab AB | 24,288 | 282,939 | |||
Bure Equity AB | 23,583 | 301,775 | |||
Capio AB (d) | 74,388 | 424,085 | |||
Cellavision AB | 19,894 | 606,224 | |||
Cherry AB Class B (b)(c) | 39,391 | 252,029 | |||
Cloetta AB Class B | 115,358 | 356,456 | |||
Collector AB (b) | 36,582 | 254,213 | |||
Coor Service Management Holding AB (d) | 45,811 | 365,738 | |||
D Carnegie & Co. AB (b)(c) | 15,247 | 291,800 | |||
Duni AB | 17,664 | 233,581 | |||
Dustin Group AB (d) | 33,987 | 320,639 | |||
G5 Entertainment AB | 4,482 | 153,714 | |||
Granges AB | 38,873 | 463,336 | |||
Haldex AB | 46,355 | 454,522 | |||
Hansa Medical AB (b) | 14,762 | 558,729 | |||
HIQ International AB | 33,713 | 220,818 | |||
Hoist Finance AB (c)(d) | 27,212 | 228,266 | |||
Infant Bacterial Therapeutics AB (b) | 15 | 295 | |||
Instalco Intressenter AB | 33,454 | 268,965 | |||
Inwido AB | 32,460 | 244,366 | |||
JM AB | 36,526 | 716,704 | |||
KappAhl AB | 39,219 | 149,521 | |||
Karo Pharma AB (c) | 86,420 | 307,074 | |||
Klovern AB Class B (c) | 198,875 | 261,195 | |||
KNOW IT AB | 24,594 | 521,570 | |||
Kungsleden AB (c) | 85,499 | 628,754 | |||
LeoVegas AB (c)(d) | 67,773 | 459,532 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Lindab International AB | 55,451 | $ 414,642 | |||
Medicover AB (b) | 38,046 | 342,248 | |||
Mekonomen AB | 9,978 | 141,818 | |||
MQ Holding AB | 1,694 | 2,949 | |||
Munters Group AB (c)(d) | 54,894 | 239,496 | |||
Mycronic AB (c) | 32,000 | 334,818 | |||
NCC AB Class B (c) | 44,833 | 794,000 | |||
NetEnt AB (b) | 98,394 | 398,690 | |||
New Wave Group AB Class B | 99,543 | 736,510 | |||
Nobia AB | 55,325 | 391,304 | |||
Nobina AB (d) | 51,165 | 365,908 | |||
Nolato AB Class B | 12,666 | 780,480 | |||
Nordic Waterproofing Holding A/S (d) | 27,811 | 257,058 | |||
Oncopeptides AB (b)(c)(d) | 14,970 | 270,339 | |||
Opus Group AB | 15,730 | 11,320 | |||
Paradox Interactive AB | 15,919 | 277,453 | |||
RaySearch Laboratories AB (b)(c) | 14,814 | 203,723 | |||
Recipharm AB Class B (b) | 26,622 | 425,080 | |||
Sagax AB Class D | 30 | 117 | |||
SAS AB (b) | 91,481 | 220,957 | |||
Scandi Standard AB | 30,381 | 195,065 | |||
Scandic Hotels Group AB (d) | 32,223 | 361,790 | |||
SkiStar AB | 11,315 | 281,819 | |||
Tethys Oil AB | 32,658 | 359,035 | |||
THQ Nordic AB (b) | 17,061 | 383,686 | |||
Tobii AB (b)(c) | 41,463 | 207,194 | |||
Troax Group AB | 6,602 | 213,430 | |||
Vitrolife AB | 44,416 | 651,567 | |||
Wihlborgs Fastigheter AB | 182,706 | 2,196,614 | |||
26,719,773 | |||||
SWITZERLAND — 2.4% | |||||
AC Immune SA (b)(c) | 31,300 | 250,400 | |||
ALSO Holding AG (b) | 2,688 | 338,477 | |||
APG SGA SA | 311 | 111,435 | |||
Arbonia AG (b)(c) | 21,175 | 288,750 | |||
Aryzta AG (b) | 53,065 | 507,399 | |||
Ascom Holding AG | 21,924 | 447,997 | |||
Autoneum Holding AG (c) | 1,480 | 300,000 | |||
Bachem Holding AG Class B (c) | 3,775 | 485,401 | |||
Basilea Pharmaceutica AG (b)(c) | 976 | 53,106 | |||
Bell Food Group AG | 850 | 271,499 | |||
Bobst Group SA | 2,886 | 226,909 | |||
Bossard Holding AG Class A | 2,080 | 414,808 | |||
Burckhardt Compression Holding AG | 1,439 | 502,943 | |||
Ceva Logistics AG (b) | 15,849 | 303,416 | |||
Coltene Holding AG (c) | 2,404 | 275,643 | |||
Comet Holding AG (b)(c) | 3,539 | 359,407 | |||
Feintool International Holding AG (b) | 2,291 | 262,686 | |||
GAM Holding AG (b) | 92,415 | 659,431 | |||
Gurit Holding AG (c) | 245 | 207,176 | |||
HBM Healthcare Investments AG Class A (b) | 3,180 | 580,786 | |||
HOCHDORF Holding AG (b)(c) | 910 | 164,337 | |||
Huber + Suhner AG | 6,534 | 490,986 | |||
Implenia AG | 8,582 | 546,039 |
Security Description | Shares | Value | |||
Inficon Holding AG (b) | 979 | $ 502,630 | |||
Interroll Holding AG | 422 | 826,892 | |||
Intershop Holding AG | 262 | 132,502 | |||
Kardex AG (b) | 4,238 | 722,820 | |||
Komax Holding AG | 2,295 | 744,794 | |||
LEM Holding SA | 282 | 333,735 | |||
Leonteq AG (b) | 3,791 | 197,351 | |||
Medartis Holding AG (b)(d) | 3,060 | 234,011 | |||
Metall Zug AG Class B | 138 | 454,914 | |||
Meyer Burger Technology AG (b)(c) | 249,355 | 177,418 | |||
Mobilezone Holding AG | 19,063 | 226,383 | |||
Mobimo Holding AG | 3,225 | 765,971 | |||
Newron Pharmaceuticals SpA (b) | 190 | 1,653 | |||
Oriflame Holding AG | 19,940 | 509,868 | |||
Orior AG | 5,985 | 563,698 | |||
Phoenix Mecano AG | 468 | 311,904 | |||
Resurs Holding AB (d) | 52,900 | 395,864 | |||
Rieter Holding AG (c) | 1,524 | 235,434 | |||
Schmolz + Bickenbach AG (b) | 192,167 | 152,270 | |||
Schweiter Technologies AG | 558 | 678,649 | |||
Schweizerische Nationalbank | 44 | 252,252 | |||
Sensirion Holding AG (b)(d) | 4,169 | 283,823 | |||
Swissquote Group Holding SA | 5,741 | 419,055 | |||
u-blox Holding AG (b)(c) | 4,773 | 687,023 | |||
Valiant Holding AG | 6,896 | 785,048 | |||
Valora Holding AG (b) | 5,073 | 1,368,484 | |||
Vetropack Holding AG | 131 | 333,937 | |||
Ypsomed Holding AG (b)(c) | 1,929 | 276,474 | |||
Zehnder Group AG | 2,673 | 117,122 | |||
Zur Rose Group AG (b) | 2,698 | 352,441 | |||
21,093,451 | |||||
UNITED ARAB EMIRATES — 0.0% (g) | |||||
NMC Health PLC | 3 | 133 | |||
UNITED KINGDOM — 7.7% | |||||
888 Holdings PLC | 168,870 | 438,888 | |||
A.G. Barr PLC | 47,906 | 449,797 | |||
AA PLC | 355,896 | 450,183 | |||
Anglo Pacific Group PLC | 128,703 | 245,878 | |||
AO World PLC (b)(c) | 85,448 | 156,000 | |||
Arrow Global Group PLC | 92,006 | 277,155 | |||
Assura PLC REIT | 1,447,817 | 1,021,422 | |||
Avon Rubber PLC | 17,642 | 296,778 | |||
Biffa PLC (d) | 145,883 | 479,401 | |||
Big Yellow Group PLC REIT | 80,941 | 968,959 | |||
Bovis Homes Group PLC | 73,338 | 1,025,700 | |||
Brewin Dolphin Holdings PLC | 170,140 | 761,018 | |||
Cairn Energy PLC (b) | 351,837 | 1,067,199 | |||
Capital & Regional PLC REIT | 367,015 | 205,801 | |||
Card Factory PLC (c) | 207,492 | 535,748 | |||
Centamin PLC | 668,238 | 925,443 | |||
Charter Court Financial Services Group PLC (d) | 59,721 | 260,739 | |||
Chemring Group PLC | 104,875 | 294,039 | |||
Cineworld Group PLC | 30 | 123 | |||
Civitas Social Housing PLC REIT | 134,967 | 193,604 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
Clarkson PLC | 12,585 | $ 443,110 | |||
CMC Markets PLC (d) | 38,670 | 70,094 | |||
Coats Group PLC | 595,539 | 639,929 | |||
ContourGlobal PLC (d) | 106,756 | 283,999 | |||
Costain Group PLC | 54,887 | 298,469 | |||
Countrywide PLC (b)(c) | 308,849 | 47,283 | |||
Crest Nicholson Holdings PLC | 140,247 | 640,477 | |||
Dairy Crest Group PLC | 108,441 | 646,538 | |||
Devro PLC | 160,000 | 429,815 | |||
DFS Furniture PLC | 170,872 | 481,303 | |||
Dialog Semiconductor PLC (b) | 37,038 | 809,414 | |||
Domino's Pizza Group PLC | 275,614 | 1,004,204 | |||
Drax Group PLC | 215,904 | 1,092,975 | |||
Dunelm Group PLC | 56,007 | 399,506 | |||
EI Group PLC (b) | 447,991 | 967,439 | |||
Elementis PLC | 219,392 | 768,459 | |||
Empiric Student Property PLC REIT | 376,480 | 472,784 | |||
EnQuest PLC (b) | 520,707 | 280,778 | |||
Equiniti Group PLC (d) | 206,029 | 714,668 | |||
Essentra PLC | 159,040 | 839,954 | |||
esure Group PLC | 147,902 | 535,411 | |||
F&C Commercial Property Trust, Ltd. (c) | 291,821 | 531,247 | |||
Firstgroup PLC (b) | 540,693 | 641,985 | |||
Forterra PLC (d) | 105,538 | 359,206 | |||
Foxtons Group PLC | 364,774 | 253,064 | |||
Future PLC (b) | 43,714 | 274,765 | |||
Galliford Try PLC | 57,118 | 753,040 | |||
Games Workshop Group PLC | 12,827 | 633,119 | |||
Genel Energy PLC (b)(c) | 112,808 | 364,826 | |||
Go-Ahead Group PLC | 18,171 | 380,793 | |||
Gocompare.Com Group PLC | 172,955 | 219,001 | |||
Grainger PLC | 176,901 | 692,063 | |||
Greene King PLC | 162,890 | 1,041,266 | |||
Greggs PLC | 52,987 | 728,981 | |||
Gulf Keystone Petroleum, Ltd. (b) | 165,136 | 621,272 | |||
Gym Group PLC (d) | 64,572 | 264,404 | |||
Halfords Group PLC | 88,948 | 367,001 | |||
Hansteen Holdings PLC REIT | 345,852 | 437,478 | |||
Headlam Group PLC | 45,817 | 283,801 | |||
Helical PLC | 42,522 | 183,542 | |||
Hill & Smith Holdings PLC | 39,161 | 503,529 | |||
Hunting PLC (b) | 67,074 | 683,124 | |||
Huntsworth PLC | 27 | 41 | |||
Ibstock PLC (d) | 214,169 | 658,000 | |||
Indivior PLC (b) | 24 | 58 | |||
IntegraFin Holdings PLC (b) | 115,529 | 534,827 | |||
International Personal Finance PLC | 3,755 | 11,018 | |||
ITE Group PLC | 46,046 | 43,233 | |||
J D Wetherspoon PLC | 89,154 | 1,518,372 | |||
JD Sports Fashion PLC | 9 | 54 | |||
John Menzies PLC | 63,089 | 450,846 | |||
Johnston Press PLC (b) | 362 | 14 | |||
JPJ Group PLC (b) | 42,439 | 420,050 | |||
JTC PLC (d) | 52,281 | 267,254 | |||
Just Group PLC | 363,261 | 418,760 |
Security Description | Shares | Value | |||
KCOM Group PLC | 234,516 | $ 286,860 | |||
Keller Group PLC | 57,767 | 765,363 | |||
Kier Group PLC (c) | 54,696 | 645,860 | |||
Lancashire Holdings, Ltd. | 105,645 | 837,619 | |||
Lb-shell PLC (b) | 571 | 1 | |||
LondonMetric Property PLC REIT | 320,488 | 743,084 | |||
Lookers PLC | 134,655 | 186,835 | |||
Luxfer Holdings PLC | 9,128 | 212,226 | |||
LXI REIT PLC (b)(e)(f) | 38,463 | 1,630 | |||
LXI REIT PLC (e) | 170,335 | 257,665 | |||
Marshalls PLC | 106,712 | 577,226 | |||
Marston's PLC | 221,453 | 285,176 | |||
McBride PLC (b) | 151,592 | 280,315 | |||
McCarthy & Stone PLC (d) | 26,807 | 46,913 | |||
Mitchells & Butlers PLC | 109,962 | 378,565 | |||
Mitie Group PLC (c) | 27,171 | 51,979 | |||
Moneysupermarket.com Group PLC | 27 | 98 | |||
Morgan Advanced Materials PLC | 184,137 | 797,691 | |||
Morgan Sindall Group PLC | 23,225 | 398,571 | |||
NCC Group PLC | 37,355 | 97,426 | |||
NewRiver REIT PLC (c) | 224,940 | 756,799 | |||
Northgate PLC | 50,111 | 271,714 | |||
On the Beach Group PLC (d) | 77,283 | 498,865 | |||
OneSavings Bank PLC | 109,171 | 578,284 | |||
Oxford Biomedica PLC (b) | 34,713 | 413,926 | |||
Oxford Instruments PLC | 24,195 | 312,675 | |||
Paragon Banking Group PLC | 134,599 | 840,408 | |||
Pendragon PLC | 1,293,159 | 458,685 | |||
Pets at Home Group PLC | 318,188 | 495,430 | |||
Photo-Me International PLC | 108,250 | 175,607 | |||
Picton Property Income, Ltd. | 179,980 | 206,539 | |||
Polypipe Group PLC | 117,129 | 544,067 | |||
Premier Foods PLC (b) | 530,552 | 293,005 | |||
Premier Oil PLC (b) | 366,162 | 661,328 | |||
Primary Health Properties PLC REIT | 310,159 | 460,279 | |||
PZ Cussons PLC | 199,677 | 608,789 | |||
QinetiQ Group PLC | 289,541 | 1,080,622 | |||
Rathbone Brothers PLC | 25,647 | 802,679 | |||
RDI REIT PLC | 601,001 | 258,633 | |||
Reach PLC | 139,032 | 121,837 | |||
Regional REIT, Ltd. (d) | 161,645 | 205,102 | |||
Renewi PLC | 107,532 | 79,929 | |||
Renishaw PLC | 3 | 186 | |||
Restaurant Group PLC (c) | 88,460 | 343,762 | |||
RPC Group PLC | 12 | 124 | |||
RPS Group PLC | 65,619 | 188,255 | |||
Sabre Insurance Group PLC (d) | 120,093 | 415,009 | |||
Safestore Holdings PLC REIT | 117,282 | 796,825 | |||
Saga PLC | 644,002 | 1,098,472 | |||
Sanne Group PLC | 82,165 | 685,742 | |||
Savills PLC | 57,694 | 587,592 | |||
Schroder Real Estate Investment Trust, Ltd. | 578,847 | 452,152 | |||
Senior PLC | 433,713 | 1,765,751 | |||
Serco Group PLC (b) | 577,280 | 736,240 |
Table of Contents
SCHEDULE OF INVESTMENTS
Security Description | Shares | Value | |||
SIG PLC | 271,150 | $ 448,356 | |||
SSP Group PLC | 14 | 132 | |||
St Modwen Properties PLC | 124,054 | 614,736 | |||
Stagecoach Group PLC | 277,206 | 565,732 | |||
Stobart Group, Ltd. | 206,022 | 667,627 | |||
Superdry PLC | 24,755 | 350,580 | |||
SVG Capital PLC (a)(b) | 16,733 | — | |||
TalkTalk Telecom Group PLC (c) | 407,352 | 654,979 | |||
Ted Baker PLC | 20,091 | 606,260 | |||
Telecom Plus PLC | 35,088 | 476,783 | |||
Thomas Cook Group PLC | 417,332 | 315,104 | |||
Topps Tiles PLC | 10,772 | 8,836 | |||
Triple Point Social Housing Reit PLC (d) | 182,953 | 255,280 | |||
Tyman PLC | 118,799 | 542,219 | |||
U & I Group PLC | 69,002 | 204,709 | |||
UK Commercial Property REIT, Ltd. | 166,406 | 189,659 | |||
Ultra Electronics Holdings PLC | 39,615 | 820,360 | |||
Wincanton PLC | 95,335 | 275,994 | |||
67,504,279 | |||||
UNITED STATES — 1.1% | |||||
Adaptimmune Therapeutics PLC ADR (b) | 36,273 | 491,862 | |||
Alacer Gold Corp. (b) | 232,182 | 359,248 | |||
Boart Longyear, Ltd. (b) | 36 | — | |||
BrightSphere Investment Group PLC | 61,008 | 756,499 | |||
Civeo Corp. (b) | 99,549 | 413,128 | |||
DHT Holdings, Inc. | 63,021 | 296,199 | |||
Ferroglobe PLC | 45,000 | 367,650 | |||
Ferroglobe Representation & Warranty Insurance Trust (a)(b) | 19,857 | — | |||
Golden Star Resources, Ltd. (b)(c) | 263,420 | 190,953 | |||
Hecla Mining Co. | 42,233 | 117,830 | |||
Hudson, Ltd. Class A (b) | 19,500 | 439,920 | |||
IMAX Corp. (b) | 36,676 | 946,241 | |||
Mitel Networks Corp. (b) | 39,747 | 438,012 | |||
New Pride Corp. (b) | 83,005 | 279,115 | |||
Nordic American Tankers, Ltd. (c) | 98,739 | 206,364 | |||
Ormat Technologies, Inc. | 1 | 41 | |||
Oxford Immunotec Global PLC (b) | 18,973 | 307,932 | |||
Pieris Pharmaceuticals, Inc. (b) | 48,000 | 268,800 | |||
Quotient, Ltd. (b) | 39,600 | 298,980 | |||
Sims Metal Management, Ltd. | 90,333 | 826,810 | |||
Stratasys, Ltd. (b) | 32,300 | 746,453 | |||
Strongbridge Biopharma PLC (b) | 61,200 | 296,820 | |||
Tahoe Resources, Inc. (b)(c) | 168,632 | 465,741 | |||
TI Fluid Systems PLC (d) | 92,118 | 297,914 | |||
Tucows, Inc. Class A (b)(c) | 7,880 | 439,310 | |||
9,251,822 | |||||
TOTAL COMMON STOCKS (Cost $818,913,970) | 867,005,284 |
Security Description | Shares | Value | ||||
WARRANTS — 0.0% (g) | ||||||
AUSTRALIA — 0.0% (g) | ||||||
Boart Longyear, Ltd. (expiring 09/13/24) (b) | 50 | $ — | ||||
CANADA — 0.0% (g) | ||||||
Australis Capital, Inc. (expiring 9/19/19) (b) | 7,412 | 13,475 | ||||
FRANCE — 0.0% (g) | ||||||
CGG SA (expiring 02/21/22) (b) | 533 | 241 | ||||
CGG SA (expiring 02/21/23) (b) | 1,729 | 264 | ||||
505 | ||||||
SINGAPORE — 0.0% (g) | ||||||
Ezion Holdings, Ltd. (expiring 04/16/23) (b) (c) (f) | 389,064 | — | ||||
Ezion Holdings, Ltd. (expiring 04/24/20) (b) (c) | 115,305 | 85 | ||||
85 | ||||||
TOTAL WARRANTS (Cost $39,646) | 14,065 | |||||
RIGHTS — 0.0% (g) | ||||||
FRANCE — 0.0% (g) | ||||||
GL Events (expiring 10/08/18) (b) (c) | 9,141 | 4,248 | ||||
JAPAN — 0.0% (g) | ||||||
SAMTY Co., Ltd. (expiring 11/19/18) (b) (f) | 16,200 | 73,523 | ||||
SINGAPORE — 0.0% (g) | ||||||
E Lippo Healthcare, Ltd. (expering 10/17/18) (b) (f) | 1,800 | 26 | ||||
SWEDEN — 0.0% (g) | ||||||
Mekonomen AB (expiring 10/18/18) (b) (f) | 39,912 | 30,390 | ||||
TOTAL RIGHTS (Cost $37,680) | 108,187 | |||||
SHORT-TERM INVESTMENTS — 9.2% | ||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares 2.01% (h) (i) | 116,772 | 116,772 | ||||
State Street Navigator Securities Lending Government Money Market Portfolio (h) (j) | 80,083,724 | 80,083,724 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $80,200,496) | 80,200,496 | |||||
TOTAL INVESTMENTS — 108.7% (Cost $899,191,792) | 947,328,032 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (8.7)% | (76,212,010) | |||||
NET ASSETS — 100.0% | $ 871,116,022 |
Table of Contents
SCHEDULE OF INVESTMENTS
(a) | Fair valued as determined in good faith by the Trust's Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of September 30, 2018, total aggregate fair value of securities is $81,478, representing less than 0.05% of the Fund's net assets. |
(b) | Non-income producing security. |
(c) | All or a portion of the shares of the security are on loan at September 30, 2018. |
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 3.1% of net assets as of September 30, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(e) | Reflects separate holdings of the issuer's common stock traded on different securities exchanges. |
(f) | Fair valued as determined in good faith by the Trust’s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. As of September 30, 2018, total aggregate fair value of securities is $1,520,803 representing 0.1% of net assets. |
(g) | Amount is less than 0.05% of net assets. |
(h) | The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended September 30, 2018 are shown in the Affiliate Table below. |
(i) | The rate shown is the annualized seven-day yield at September 30, 2018. |
(j) | Investment of cash collateral for securities loaned. |
ADR | = American Depositary Receipt |
REIT | = Real Estate Investment Trust |
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
ASSETS: | ||||||||
INVESTMENTS: | ||||||||
Common Stocks | ||||||||
Australia | $ 53,485,746 | $ — | $ 0(a) | $ 53,485,746 | ||||
Austria | 3,174,913 | — | — | 3,174,913 | ||||
Belgium | 10,211,603 | — | — | 10,211,603 | ||||
Canada | 71,851,792 | 106,665 | 0(a) | 71,958,457 | ||||
China | 1,478,966 | — | — | 1,478,966 | ||||
Denmark | 7,480,699 | — | — | 7,480,699 | ||||
Finland | 6,067,575 | — | — | 6,067,575 | ||||
France | 21,029,961 | — | — | 21,029,961 | ||||
Germany | 22,634,920 | — | — | 22,634,920 | ||||
Greece | — | — | 0(a) | 0 | ||||
Hong Kong | 15,995,537 | 223,002 | 81,478 | 16,300,017 | ||||
India | 198,090 | — | — | 198,090 | ||||
Ireland | 7,452,578 | — | — | 7,452,578 | ||||
Israel | 13,899,183 | — | — | 13,899,183 | ||||
Italy | 11,588,115 | — | — | 11,588,115 | ||||
Japan | 333,710,906 | 1,031,651 | — | 334,742,557 | ||||
Liechtenstein | 274,579 | — | — | 274,579 | ||||
Luxembourg | 686,182 | — | — | 686,182 | ||||
Macau | 568,323 | — | — | 568,323 | ||||
Malta | 525,367 | — | — | 525,367 | ||||
Netherlands | 14,747,966 | — | — | 14,747,966 | ||||
New Zealand | 9,689,486 | — | — | 9,689,486 | ||||
Norway | 13,014,282 | — | — | 13,014,282 |
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SCHEDULE OF INVESTMENTS
Description | Level 1 – Quoted Prices | Level 2 – Other Significant Observable Inputs | Level 3 – Significant Unobservable Inputs | Total | ||||
Peru | $ 451,866 | $ — | $ — | $ 451,866 | ||||
Portugal | 1,692,269 | — | — | 1,692,269 | ||||
Singapore | 13,669,261 | 12,047 | 0(a) | 13,681,308 | ||||
South Korea | 95,519,479 | 41,869 | 0(a) | 95,561,348 | ||||
Spain | 9,839,470 | — | 0(a) | 9,839,470 | ||||
Sweden | 26,719,773 | — | — | 26,719,773 | ||||
Switzerland | 21,093,451 | — | — | 21,093,451 | ||||
United Arab Emirates | 133 | — | — | 133 | ||||
United Kingdom | 67,502,649 | 1,630 | 0(a) | 67,504,279 | ||||
United States | 9,251,822 | — | 0(a) | 9,251,822 | ||||
Warrants | ||||||||
Australia | — | — | 0(a) | 0 | ||||
Canada | 13,475 | — | — | 13,475 | ||||
France | 505 | — | — | 505 | ||||
Singapore | 85 | — | 0(a) | 85 | ||||
Rights | ||||||||
France | 4,248 | — | — | 4,248 | ||||
Japan | — | 73,523 | — | 73,523 | ||||
Singapore | — | 26 | 0(a) | 26 | ||||
Sweden | — | 30,390 | — | 30,390 | ||||
Short-Term Investments | 80,200,496 | — | — | 80,200,496 | ||||
TOTAL INVESTMENTS | $945,725,751 | $1,520,803 | $81,478 | $947,328,032 |
(a) | Fund held Level 3 securities that were valued at $0 at September 30, 2018. |
Number of Shares Held at 9/30/17 | Value at 9/30/17 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation/ Depreciation | Number of Shares Held at 9/30/18 | Value at 9/30/18 | Dividend Income | Capital Gains Distributions | ||||||||||
State Street Institutional U.S. Government Money Market Fund, Class G Shares | 73,500 | $ 73,500 | $ 92,899,566 | $ 92,856,294 | $— | $— | 116,772 | $ 116,772 | $ 31,429 | $— | |||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 66,029,680 | 66,029,680 | 198,392,951 | 184,338,907 | — | — | 80,083,724 | 80,083,724 | 2,856,164 | — | |||||||||
Total | $66,103,180 | $291,292,517 | $277,195,201 | $— | $— | $80,200,496 | $2,887,593 | $— |
148 | ARGWX |
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(b) | Not applicable to the registrant. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
The registrant has not adopted any material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board.
Item 11. Controls and Procedures.
(a) Within 90 days of the filing date of this Form N-CSR, Ellen M. Needham, the registrant’s President and Principal Executive Officer, and Bruce S. Rosenberg, the registrant’s Treasurer and Principal Financial Officer, reviewed the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act and evaluated their effectiveness. Based on their review, Ms. Needham and Mr. Rosenberg determined that the disclosure controls and procedures adequately ensure that information required to be disclosed by the registrant in its periodic reports is recorded, processed, summarized and reported within the time periods required by the U.S. Securities and Exchange Commission.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
(a) Not applicable.
(b) Not applicable.
Item 13. Exhibits.
(a)(1) Code of Ethics referred to in Item 2.
(a)(2) Separate certifications required by Rule 30a-2 under the 1940 Act for each principal executive officer and principal financial officer of the registrant are attached.
(a)(3) Not applicable to the registrant.
(a)(4) Not applicable to the registrant.
(b) A single certification required by Rule 30a-2(b) under the 1940 Act, Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934, as amended, and Section 1350 of Chapter 63 of Title 18 of the United States Code for the principal executive officer and principal financial officer of the registrant is attached.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, and the Investment Company Act of 1940, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SPDR® Index Shares Funds | ||
By: | /s/ Ellen M. Needham | |
Ellen M. Needham | ||
President and Principal Executive Officer | ||
Date: | December 4, 2018 |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, and the Investment Company Act of 1940, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Ellen M. Needham | |
Ellen M. Needham | ||
President and Principal Executive Officer | ||
Date: | December 4, 2018 |
By: | /s/ Bruce S. Rosenberg | |
Bruce S. Rosenberg | ||
Treasurer and Principal Financial Officer | ||
Date: | December 4, 2018 |