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 811-22227
IndexIQ ETF Trust
(Exact name of registrant as specified in charter)
51 Madison Avenue
New York, NY 10010
(Address of principal executive offices) (Zip code)
Kirk C. Lehneis
IndexIQ Advisors LLC
51 Madison Avenue
New York, NY 10010
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-888-474-7725
Date of fiscal year end:April 30
Date of reporting period:April 30, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission,450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
The Report to Shareholders is attached herewith.
| IQ Hedge Multi-Strategy Tracker ETF (QAI) | | | IQ Global Resources ETF (GRES) | |
| IQ Hedge Macro Tracker ETF (MCRO) | | | IQ Global Agribusiness Small Cap ETF (CROP) | |
| IQ Hedge Market Neutral Tracker ETF (QMN) | | | IQ U.S. Real Estate Small Cap ETF (ROOF) | |
| IQ Hedge Long/Short Tracker ETF (QLS) | | | IQ 500 International ETF (IQIN) | |
| IQ Hedge Event-Driven Tracker ETF (QED) | | | IQ 50 Percent Hedged FTSE International ETF (HFXI) | |
| IQ Real Return ETF (CPI) | | | IQ 50 Percent Hedged FTSE Europe ETF (HFXE) | |
| IQ Leaders GTAA Tracker ETF (QGTA) | | | IQ 50 Percent Hedged FTSE Japan ETF (HFXJ) | |
| IQ Enhanced Core Plus Bond U.S. ETF (AGGP) | | | IQ Candriam ESG International Equity ETF (IQSI) | |
| IQ Short Duration Enhanced Core Bond U.S. ETF (SDAG) | | | IQ Candriam ESG U.S. Equity ETF (IQSU) | |
| IQ S&P High Yield Low Volatility Bond ETF (HYLV) | | | IQ Chaikin U.S. Small Cap ETF (CSML) | |
| IQ Merger Arbitrage ETF (MNA) | | | IQ Chaikin U.S. Large Cap ETF (CLRG) | |
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| Schedules of Investments | | | | | | | |
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President
(From 4/30/2010 Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 5 Year | | | 10 Year | | |||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | |||||||||
IQ Hedge Multi-Strategy Tracker ETF Market Price1 | | | | | -1.26% | | | | | | 0.41% | | | | | | 1.87% | | |
IQ Hedge Multi-Strategy Tracker ETF NAV | | | | | -1.04% | | | | | | 0.45% | | | | | | 1.88% | | |
IQ Hedge Multi-Strategy Index | | | | | -0.38% | | | | | | 1.32% | | | | | | 2.71% | | |
HFRI Fund of Funds Composite Index | | | | | -3.43% | | | | | | 0.57% | | | | | | 1.96% | | |
S&P 500 Index | | | | | 0.26% | | | | | | 8.45% | | | | | | 11.00% | | |
(From 4/30/2010 Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 5 Year | | | 10 Year | | |||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | |||||||||
IQ Hedge Macro Tracker ETF Market Price1 | | | | | -2.04% | | | | | | 0.41% | | | | | | 0.40% | | |
IQ Hedge Macro Tracker ETF NAV | | | | | -1.51% | | | | | | 0.58% | | | | | | 0.49% | | |
IQ Hedge Macro (Total) Index | | | | | -1.01% | | | | | | 1.32% | | | | | | 1.18% | | |
HFRI Macro (Total) Index | | | | | 2.94% | | | | | | 0.39% | | | | | | 1.19% | | |
MSCI World Index | | | | | -4.00% | | | | | | 4.92% | | | | | | 7.68% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | 5 Year | | | Since Inception1 | | ||||||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||||||||
IQ Hedge Market Neutral Tracker ETF Market Price2 | | | | | -0.69% | | | | | | 1.04% | | | | | | 0.70% | | | | | | 1.06% | | | | | | 8.33% | | |
IQ Hedge Market Neutral Tracker ETF NAV | | | | | -0.62% | | | | | | 1.07% | | | | | | 0.70% | | | | | | 1.07% | | | | | | 8.43% | | |
IQ Hedge Market Neutral Index | | | | | -0.06% | | | | | | 1.66% | | | | | | 1.56% | | | | | | 1.99% | | | | | | 16.13% | | |
HFRI Equity Market Neutral Index3 | | | | | -1.72% | | | | | | 0.54% | | | | | | 1.59% | | | | | | 2.63% | | | | | | 21.77% | | |
Bloomberg Barclays U.S. Short Treasury Bond Index | | | | | 2.46% | | | | | | 1.94% | | | | | | 1.32% | | | | | | 0.91% | | | | | | 7.12% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | 5 Year | | | Since Inception1 | | ||||||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||||||||
IQ Hedge Long/Short Tracker ETF Market Price2 | | | | | 1.46% | | | | | | 4.16% | | | | | | 2.48% | | | | | | 3.21% | | | | | | 17.48% | | |
IQ Hedge Long/Short Tracker ETF NAV | | | | | 0.93% | | | | | | 3.97% | | | | | | 3.25% | | | | | | 3.12% | | | | | | 16.96% | | |
IQ Hedge Long/Short Index | | | | | 1.49% | | | | | | 4.64% | | | | | | 4.24% | | | | | | 4.11% | | | | | | 22.86% | | |
HFRI Equity Hedge Index3 | | | | | -4.44% | | | | | | 1.66% | | | | | | 2.04% | | | | | | 2.36% | | | | | | 12.62% | | |
MSCI World Index | | | | | -4.00% | | | | | | 4.99% | | | | | | 4.92% | | | | | | 4.87% | | | | | | 27.53% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | 5 Year | | | Since Inception1 | | ||||||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||||||||
IQ Hedge Event-Driven Tracker ETF Market Price2 | | | | | 0.11% | | | | | | 3.36% | | | | | | 3.45% | | | | | | 3.43% | | | | | | 18.80% | | |
IQ Hedge Event-Driven Tracker ETF NAV | | | | | 0.25% | | | | | | 3.41% | | | | | | 3.46% | | | | | | 3.45% | | | | | | 18.90% | | |
IQ Hedge Event-Driven Index | | | | | 0.57% | | | | | | 3.83% | | | | | | 4.00% | | | | | | 3.99% | | | | | | 22.13% | | |
HFRI Event-Driven (Total) Index3 | | | | | -7.52% | | | | | | -0.23% | | | | | | 1.20% | | | | | | 1.43% | | | | | | 7.51% | | |
Bloomberg Barclays U.S. Aggregate Bond Index | | | | | 10.84% | | | | | | 5.17% | | | | | | 3.80% | | | | | | 3.65% | | | | | | 20.11% | | |
(From 4/30/2010 Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 5 Year | | | 10 Year | | |||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | |||||||||
IQ Real Return ETF Market Price1 | | | | | -1.33% | | | | | | 0.94% | | | | | | 1.25% | | |
IQ Real Return ETF NAV | | | | | -1.13% | | | | | | 1.08% | | | | | | 1.25% | | |
IQ Real Return Index | | | | | -0.96% | | | | | | 1.35% | | | | | | 1.64% | | |
Bloomberg Barclays U.S. Short Treasury Bond Index | | | | | 2.46% | | | | | | 1.32% | | | | | | 0.74% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ Leaders GTAA Tracker ETF Market Price2 | | | | | -7.31% | | | | | | 1.35% | | | | | | 4.42% | | | | | | 21.96% | | |
IQ Leaders GTAA Tracker ETF NAV | | | | | -7.32% | | | | | | 1.40% | | | | | | 4.45% | | | | | | 22.08% | | |
IQ Leaders GTAA Tracker Index | | | | | -7.09% | | | | | | 1.67% | | | | | | 4.88% | | | | | | 24.43% | | |
MSCI All Country World Index | | | | | -4.96% | | | | | | 4.46% | | | | | | 8.12% | | | | | | 43.07% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ Enhanced Core Plus Bond U.S. ETF Market Price2 | | | | | 7.24% | | | | | | 3.03% | | | | | | 2.94% | | | | | | 12.23% | | |
IQ Enhanced Core Plus Bond U.S. ETF NAV | | | | | 7.11% | | | | | | 3.04% | | | | | | 2.94% | | | | | | 12.22% | | |
IQ Enhanced Core Plus Bond U.S. Index | | | | | 7.46% | | | | | | 3.32% | | | | | | 3.20% | | | | | | 13.37% | | |
Bloomberg Barclays U.S. Aggregate Bond Index | | | | | 10.84% | | | | | | 5.17% | | | | | | 4.03% | | | | | | 17.00% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | Since Inception1 | | ||||||||||||
| | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||
IQ Short Duration Enhanced Core Bond U.S. ETF Market Price2 | | | | | -1.42% | | | | | | 0.55% | | | | | | 0.75% | | |
IQ Short Duration Enhanced Core Bond U.S. ETF NAV | | | | | -1.43% | | | | | | 0.56% | | | | | | 0.77% | | |
IQ Short Duration Enhanced Core Bond U.S. Index | | | | | -1.17% | | | | | | 0.82% | | | | | | 1.12% | | |
Bloomberg Barclays U.S. Government/Credit 1-5 Year Index | | | | | 6.28% | | | | | | 6.39% | | | | | | 8.85% | | |
Bloomberg Barclays U.S. Aggregate Bond Index | | | | | 10.84% | | | | | | 10.72% | | | | | | 14.98% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ S&P U.S. High Yield Low Volatility Bond ETF Market Price2 | | | | | 1.34% | | | | | | 2.47% | | | | | | 2.93% | | | | | | 9.68% | | |
IQ S&P U.S. High Yield Low Volatility Bond ETF NAV | | | | | 0.71% | | | | | | 2.43% | | | | | | 2.72% | | | | | | 9.00% | | |
S&P U.S. High Yield Low Volatility Corporate Bond Index | | | | | 1.21% | | | | | | 2.80% | | | | | | 3.07% | | | | | | 10.18% | | |
ICE BofAML US High Yield Index | | | | | -5.26% | | | | | | 1.43% | | | | | | 1.89% | | | | | | 6.19% | | |
(From 4/30/2010 Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 5 Year | | | 10 Year | | |||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | |||||||||
IQ Merger Arbitrage ETF Market Price1 | | | | | -0.10% | | | | | | 1.88% | | | | | | 2.13% | | |
IQ Merger Arbitrage ETF NAV | | | | | 0.10% | | | | | | 1.96% | | | | | | 2.18% | | |
IQ Merger Arbitrage Index | | | | | 0.50% | | | | | | 2.59% | | | | | | 3.06% | | |
HFRI ED: Merger Arbitrage Index | | | | | -1.73% | | | | | | 2.69% | | | | | | 2.96% | | |
MSCI World Index | | | | | -4.00% | | | | | | 4.92% | | | | | | 7.68% | | |
S&P 500 Index | | | | | 0.26% | | | | | | 8.45% | | | | | | 11.00% | | |
(From 4/30/2010 Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 5 Year | | | 10 Year | | |||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | |||||||||
IQ Global Resources ETF Market Price1 | | | | | -9.81% | | | | | | -1.39% | | | | | | -0.16% | | |
IQ Global Resources ETF NAV | | | | | -8.89% | | | | | | -1.27% | | | | | | -0.10% | | |
IQ Global Resources Index | | | | | -8.00% | | | | | | 0.25% | | | | | | 0.99% | | |
S&P Global Natural Resources Index-Net | | | | | -20.35% | | | | | | -1.52% | | | | | | -0.92% | | |
Bloomberg Commodity Spot Index | | | | | -18.23% | | | | | | -3.69% | | | | | | -2.48% | | |
MSCI World Index | | | | | -4.00% | | | | | | 4.92% | | | | | | 7.68% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | 5 Year | | | Since Inception1 | | ||||||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||||||||
IQ Global Agribusiness Small Cap ETF Market Price2 | | | | | -13.12% | | | | | | -4.20% | | | | | | 1.78% | | | | | | 2.38% | | | | | | 23.91% | | |
IQ Global Agribusiness Small Cap ETF NAV | | | | | -12.34% | | | | | | -3.82% | | | | | | 2.00% | | | | | | 2.50% | | | | | | 25.19% | | |
IQ Global Agribusiness Small Cap Index | | | | | -11.79% | | | | | | -3.20% | | | | | | 2.70% | | | | | | 3.11% | | | | | | 32.20% | | |
MSCI World Small Cap Index | | | | | -14.62% | | | | | | -0.49% | | | | | | 2.43% | | | | | | 5.73% | | | | | | 66.22% | | |
MSCI ACWI Select Agriculture Producers IMI Index | | | | | -16.99% | | | | | | -2.26% | | | | | | -0.44% | | | | | | 0.20% | | | | | | 1.83% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | 5 Year | | | Since Inception1 | | ||||||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||||||||
IQ U.S. Real Estate Small Cap ETF Market Price2 | | | | | -27.21% | | | | | | -8.85% | | | | | | -2.93% | | | | | | 3.96% | | | | | | 41.18% | | |
IQ U.S. Real Estate Small Cap ETF NAV | | | | | -27.15% | | | | | | -8.81% | | | | | | -2.87% | | | | | | 4.19% | | | | | | 43.95% | | |
IQ U.S. Real Estate Small Cap Index | | | | | -26.68% | | | | | | -8.23% | | | | | | -2.16% | | | | | | 4.95% | | | | | | 53.64% | | |
Dow Jones U.S. Real Estate Index | | | | | -9.15% | | | | | | 2.59% | | | | | | 4.41% | | | | | | 7.48% | | | | | | 89.80% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | Since Inception1 | | ||||||||||||
| | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||
IQ 500 International ETF Market Price2 | | | | | -18.07% | | | | | | -8.17% | | | | | | -11.10% | | |
IQ 500 International ETF NAV | | | | | -17.33% | | | | | | -7.59% | | | | | | -10.32% | | |
IQ 500 International Index | | | | | -17.37% | | | | | | -7.58% | | | | | | -10.33% | | |
MSCI EAFE NR index | | | | | -11.34% | | | | | | -2.02% | | | | | | -2.78% | | |
FTSE Developed ex U.S Index | | | | | -11.18% | | | | | | -1.97% | | | | | | -2.71% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ 50 Percent Hedged FTSE International ETF Market Price2 | | | | | -10.94% | | | | | | -0.01% | | | | | | 0.77% | | | | | | 3.72% | | |
IQ 50 Percent Hedged FTSE International ETF NAV | | | | | -9.74% | | | | | | 0.47% | | | | | | 1.00% | | | | | | 4.85% | | |
FTSE Developed ex North America 50% Hedged to USD Index | | | | | -9.51% | | | | | | 0.76% | | | | | | 1.46% | | | | | | 7.17% | | |
FTSE Developed ex North America Index Local Currency | | | | | -8.06% | | | | | | 1.92% | | | | | | 2.45% | | | | | | 12.27% | | |
FTSE Developed ex North America Index | | | | | -10.98% | | | | | | -0.44% | | | | | | 0.41% | | | | | | 1.97% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ 50 Percent Hedged FTSE Europe ETF Market Price2 | | | | | -11.64% | | | | | | -0.44% | | | | | | 0.55% | | | | | | 2.65% | | |
IQ 50 Percent Hedged FTSE Europe ETF NAV | | | | | -11.46% | | | | | | -0.22% | | | | | | 0.59% | | | | | | 2.86% | | |
FTSE Developed Europe 50% Hedged to USD Index | | | | | -11.22% | | | | | | 0.12% | | | | | | 1.15% | | | | | | 5.60% | | |
FTSE Developed Europe Index Hedged | | | | | -9.24% | | | | | | 1.45% | | | | | | 2.89% | | | | | | 14.60% | | |
FTSE Developed Europe Index | | | | | -13.22% | | | | | | -1.28% | | | | | | -0.66% | | | | | | -3.13% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | 3 Year | | | Since Inception1 | | |||||||||||||||
| | | Avg Annual | | | Avg Annual | | | Avg Annual | | | Cumulative | | ||||||||||||
IQ 50 Percent Hedged FTSE Japan ETF Market Price2 | | | | | -5.25% | | | | | | 1.86% | | | | | | 0.61% | | | | | | 2.97% | | |
IQ 50 Percent Hedged FTSE Japan ETF NAV | | | | | -4.20% | | | | | | 2.38% | | | | | | 0.90% | | | | | | 4.38% | | |
FTSE Japan 50% Hedged to USD Index | | | | | -4.07% | | | | | | 2.66% | | | | | | 1.35% | | | | | | 6.61% | | |
FTSE Japan Index Hedged | | | | | -5.00% | | | | | | 2.92% | | | | | | 0.25% | | | | | | 1.19% | | |
FTSE Japan Index | | | | | -3.19% | | | | | | 2.32% | | | | | | 2.26% | | | | | | 11.29% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | Since Inception1 | | |||
| | | Cumulative | | |||
IQ Candriam ESG International Equity ETF Market Price2 | | | | | -16.68% | | |
IQ Candriam ESG International Equity ETF NAV | | | | | -16.18% | | |
IQ Candriam ESG International Equity Index | | | | | -16.65% | | |
MSCI EAFE NR USD Index | | | | | -17.60% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | Since Inception1 | | |||
| | | Cumulative | | |||
IQ Candriam ESG U.S. Equity ETF Market Price2 | | | | | -3.64% | | |
IQ Candriam ESG U.S. Equity ETF NAV | | | | | -3.59% | | |
IQ Candriam ESG US Equity Index | | | | | -3.60% | | |
S&P 500 Index | | | | | -8.12% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | Since Inception1 | | ||||||||||||
| | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||
IQ Chaikin U.S. Small Cap ETF Market Price2 | | | | | -21.34% | | | | | | -6.60% | | | | | | -18.29% | | |
IQ Chaikin U.S. Small Cap ETF NAV | | | | | -21.35% | | | | | | -6.60% | | | | | | -18.29% | | |
NASDAQ Chaikin Power US Small Cap Index | | | | | -21.08% | | | | | | -6.15% | | | | | | -17.14% | | |
Russell 2000 Index | | | | | -16.39% | | | | | | -0.70% | | | | | | -2.05% | | |
NASDAQ US 1500 Index | | | | | -17.98% | | | | | | -1.17% | | | | | | -3.43% | | |
(Since Inception Through 4/30/2020)
(as of April 30, 2020)
| | | 1 Year | | | Since Inception1 | | ||||||||||||
| | | Avg Annual | | | Avg Annual | | | Cumulative | | |||||||||
IQ Chaikin U.S. Large Cap ETF Market Price2 | | | | | -9.18% | | | | | | -3.49% | | | | | | -8.10% | | |
IQ Chaikin U.S. Large Cap ETF NAV | | | | | -9.04% | | | | | | -3.43% | | | | | | -7.97% | | |
NASDAQ Chaikin Power U.S. Large Cap Index | | | | | -8.82% | | | | | | -3.18% | | | | | | -7.42% | | |
S&P 500 Index | | | | | 0.26% | | | | | | 5.24% | | | | | | 12.95% | | |
NASDAQ US 300 Total Return Index | | | | | 2.81% | | | | | | 6.81% | | | | | | 17.01% | | |
| | | Beginning Account Value 11/01/2019 | | | Ending Account Value 4/30/2020 | | | Annualized Expense Ratios for the Period 11/01/2019 to 04/30/2020 | | | Expenses1 Paid During the Period 11/01/2019 to 04/30/2020 | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 975.10 | | | | | | 0.54% | | | | | $ | 2.65 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.18 | | | | | | 0.54% | | | | | $ | 2.72 | | |
IQ Hedge Macro Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 980.40 | | | | | | 0.41% | | | | | $ | 2.02 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.82 | | | | | | 0.41% | | | | | $ | 2.06 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 974.80 | | | | | | 0.41% | | | | | $ | 2.01 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.82 | | | | | | 0.41% | | | | | $ | 2.06 | | |
IQ Hedge Long/Short Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 973.30 | | | | | | 0.41% | | | | | $ | 2.01 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.82 | | | | | | 0.41% | | | | | $ | 2.06 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 990.30 | | | | | | 0.41% | | | | | $ | 2.03 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.82 | | | | | | 0.41% | | | | | $ | 2.06 | | |
| | | Beginning Account Value 11/01/2019 | | | Ending Account Value 4/30/2020 | | | Annualized Expense Ratios for the Period 11/01/2019 to 04/30/2020 | | | Expenses1 Paid During the Period 11/01/2019 to 04/30/2020 | | ||||||||||||
IQ Real Return ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 978.10 | | | | | | 0.21% | | | | | $ | 1.03 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.82 | | | | | | 0.21% | | | | | $ | 1.06 | | |
IQ Leaders GTAA Tracker ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 904.20 | | | | | | 0.24% | | | | | $ | 1.14 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.67 | | | | | | 0.24% | | | | | $ | 1.21 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,027.50 | | | | | | 0.21% | | | | | $ | 1.06 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.82 | | | | | | 0.21% | | | | | $ | 1.06 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 958.20 | | | | | | 0.21% | | | | | $ | 1.02 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.82 | | | | | | 0.21% | | | | | $ | 1.06 | | |
IQ Merger Arbitrage ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 966.30 | | | | | | 0.76% | | | | | $ | 3.72 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.08 | | | | | | 0.76% | | | | | $ | 3.82 | | |
IQ Global Resources ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 925.90 | | | | | | 0.76% | | | | | $ | 3.64 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.08 | | | | | | 0.76% | | | | | $ | 3.82 | | |
IQ Global Agribusiness Small Cap ETF | | | | | | | | | | | | | | | | | | | | | | | | �� | |
Actual | | | | $ | 1,000.00 | | | | | $ | 902.30 | | | | | | 0.76% | | | | | $ | 3.59 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.08 | | | | | | 0.76% | | | | | $ | 3.82 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 673.60 | | | | | | 0.70% | | | | | $ | 2.91 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.38 | | | | | | 0.70% | | | | | $ | 3.52 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 964.00 | | | | | | 0.40% | | | | | $ | 1.95 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.87 | | | | | | 0.40% | | | | | $ | 2.01 | | |
IQ 500 International ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 810.70 | | | | | | 0.25% | | | | | $ | 1.13 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.62 | | | | | | 0.25% | | | | | $ | 1.26 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 870.90 | | | | | | 0.20% | | | | | $ | 0.93 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.87 | | | | | | 0.20% | | | | | $ | 1.01 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 858.70 | | | | | | 0.30% | | | | | $ | 1.39 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.37 | | | | | | 0.30% | | | | | $ | 1.51 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 902.70 | | | | | | 0.30% | | | | | $ | 1.42 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.37 | | | | | | 0.30% | | | | | $ | 1.51 | | |
IQ Candriam ESG International Equity ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 838.20 | | | | | | 0.15% | | | | | $ | 0.51* | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.12 | | | | | �� | 0.15% | | | | | $ | 0.75 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 964.10 | | | | | | 0.09% | | | | | $ | 0.33* | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,024.42 | | | | | | 0.09% | | | | | $ | 0.45 | | |
| | | Beginning Account Value 11/01/2019 | | | Ending Account Value 4/30/2020 | | | Annualized Expense Ratios for the Period 11/01/2019 to 04/30/2020 | | | Expenses1 Paid During the Period 11/01/2019 to 04/30/2020 | | ||||||||||||
IQ Chaikin U.S. Small Cap ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 767.70 | | | | | | 0.35% | | | | | $ | 1.54 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.12 | | | | | | 0.35% | | | | | $ | 1.76 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 876.90 | | | | | | 0.25% | | | | | $ | 1.17 | | |
Hypothetical (assuming a 5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,023.62 | | | | | | 0.25% | | | | | $ | 1.26 | | |
Net Assets ($ mil): $739.7
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 29.2% | | |
Money Market Funds | | | | | 11.9 | | |
Bank Loan Funds | | | | | 7.5 | | |
Investment Grade Corporate Bond Funds | | | | | 7.2 | | |
Floating Rate — Investment Grade Funds | | | | | 5.9 | | |
Mortgage Backed Securities Funds | | | | | 5.1 | | |
U.S. Large Cap Core Funds | | | | | 4.9 | | |
International Small Cap Equity Funds | | | | | 4.2 | | |
International Equity Core Funds | | | | | 4.1 | | |
U.S. Large Cap Growth Funds | | | | | 3.5 | | |
High Yield Corporate Bond Funds | | | | | 3.1 | | |
Europe Equity Funds | | | | | 2.6 | | |
U.S. Preferred Funds | | | | | 2.3 | | |
U.S. Dollar Fund | | | | | 2.3 | | |
Convertible Bond Fund | | | | | 2.0 | | |
Euro Fund | | | | | 2.0 | | |
International Large Cap Growth Fund | | | | | 2.0 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 1.7 | | |
Asia Pacific Equity Funds | | | | | 1.6 | | |
Emerging Equity Funds | | | | | 1.6 | | |
Gold Funds | | | | | 1.4 | | |
Japan Equity Fund | | | | | 1.3 | | |
Emerging Markets Small Cap Equity Fund | | | | | 0.8 | | |
U.S. Small Cap Growth Funds | | | | | 0.7 | | |
Emerging Bonds — Local Currency Funds | | | | | 0.7 | | |
Volatility Note | | | | | 0.7 | | |
Broad Fund | | | | | 0.5 | | |
BRIC Equity Funds | | | | | 0.3 | | |
Treasury Inflation-Protected Securities Fund | | | | | 0.3 | | |
U.S. Long Term Treasury Bond Funds | | | | | 0.3 | | |
Silver Fund | | | | | 0.2 | | |
Emerging Bonds — USD Funds | | | | | 0.2 | | |
British Pound Fund | | | | | 0.1 | | |
Total Investments | | | | | 112.2 | | |
Other Assets and Liabilites, Net | | | | | (12.2) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $3.8
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short-Term Bond Funds | | | | | 32.0% | | |
Convertible Bond Fund | | | | | 12.2 | | |
Investment Grade Corporate Bond Funds | | | | | 10.3 | | |
Money Market Funds | | | | | 6.3 | | |
Emerging Equity Funds | | | | | 6.2 | | |
U.S. Medium Term Treasury Bond Funds | | | | | 6.0 | | |
Floating Rate — Investment Grade Funds | | | | | 4.5 | | |
Emerging Bonds — Local Currency Funds | | | | | 4.5 | | |
Gold Funds | | | | | 3.2 | | |
U.S. Large Cap Core Fund | | | | | 3.1 | | |
Broad Fund | | | | | 2.9 | | |
Japan Equity Fund | | | | | 2.8 | | |
Emerging Small Cap Equity Fund | | | | | 2.4 | | |
U.S. Large Cap Growth Funds | | | | | 2.3 | | |
Emerging Bonds — USD Funds | | | | | 2.3 | | |
U.S. Dollar Fund | | | | | 2.2 | | |
BRIC Equity Funds | | | | | 2.0 | | |
Europe Equity Fund | | | | | 0.8 | | |
Silver Fund | | | | | 0.5 | | |
Total Investments | | | | | 106.5 | | |
Other Assets and Liabilites, Net | | | | | (6.5) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $18.0
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short Term Bond Funds | | | | | 38.3% | | |
Money Market Funds | | | | | 18.8 | | |
Bank Loan Funds | | | | | 12.8 | | |
Floating Rate — Investment Grade Funds | | | | | 8.9 | | |
Mortgage Backed Securities Funds | | | | | 8.7 | | |
International Small Cap Equity Funds | | | | | 6.5 | | |
High Yield Corporate Bond Funds | | | | | 5.4 | | |
Investment Grade Corporate Bond Funds | | | | | 5.3 | | |
Europe Equity Funds | | | | | 4.0 | | |
U.S. Small Cap Growth Funds | | | | | 3.4 | | |
Asia ex Japan Equity Funds | | | | | 2.8 | | |
Euro Fund | | | | | 2.3 | | |
Convertible Bond Fund | | | | | 0.9 | | |
Treasury Inflation-Protected Securities Fund | | | | | 0.5 | | |
Emerging Equity Funds | | | | | 0.5 | | |
British Pound Fund | | | | | 0.1 | | |
U.S. Dollar Fund | | | | | 0.1 | | |
Total Investments | | | | | 119.3 | | |
Other Assets and Liabilites, Net | | | | | (19.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $10.7
Asset Class | | | % of Net Assets | | |||
International Equity Core Funds | | | | | 16.5% | | |
U.S. Preferred Funds | | | | | 16.1 | | |
U.S. Large Cap Growth Funds | | | | | 16.0 | | |
U.S. Large Cap Core Funds | | | | | 14.1 | | |
U.S. Ultra Short Term Bond Funds | | | | | 10.1 | | |
Money Market Funds | | | | | 9.1 | | |
International Large Cap Growth Fund | | | | | 7.9 | | |
Bank Loan Funds | | | | | 7.6 | | |
International Small Cap Equity Funds | | | | | 3.9 | | |
Investment Grade Corporate Bond Funds | | | | | 3.8 | | |
U.S. Long Term Treasury Bond Funds | | | | | 3.8 | | |
Volatility Note | | | | | 0.9 | | |
Total Investments | | | | | 109.8 | | |
Other Assets and Liabilites, Net | | | | | (9.8) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $8.4
Asset Class | | | % of Net Assets | | |||
High Yield Corporate Bond Funds | | | | | 31.6% | | |
Money Market Funds | | | | | 26.9 | | |
Bank Loan Funds | | | | | 24.4 | | |
Investment Grade Corporate Bond Funds | | | | | 18.7 | | |
U.S. Small Cap Growth Funds | | | | | 8.9 | | |
U.S. Preferred Funds | | | | | 8.3 | | |
Convertible Bond Fund | | | | | 7.8 | | |
Total Investments | | | | | 126.6 | | |
Other Assets and Liabilites, Net | | | | | (26.6) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $51.2
Asset Class | | | % of Net Assets | | |||
U.S. Ultra Short-Term Bond Funds | | | | | 83.1% | | |
Money Market Funds | | | | | 17.2 | | |
U.S. Large Cap Core Funds | | | | | 10.4 | | |
U.S. REITS Funds | | | | | 5.7 | | |
Oil Fund | | | | | 0.8 | | |
Total Investments | | | | | 117.2 | | |
Other Assets and Liabilites, Net | | | | | (17.2) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $11.9
Asset Class | | | % of Net Assets | | |||
International Equity Core Funds | | | | | 32.6% | | |
U.S. Large Cap Core Funds | | | | | 28.9 | | |
High Yield Corporate Bond Funds | | | | | 10.4 | | |
U.S. Medium Term Treasury Bond Fund | | | | | 8.7 | | |
Investment Grade Corporate Bond Funds | | | | | 7.6 | | |
Emerging Equity Funds | | | | | 6.5 | | |
Aggregate Bond Funds | | | | | 6.1 | | |
Money Market Funds | | | | | 5.0 | | |
Total Investments | | | | | 105.8 | | |
Other Assets and Liabilites, Net | | | | | (5.8) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $69.0
Asset Class | | | % of Net Assets | | |||
Mortgage Backed Securities Funds | | | | | 49.7% | | |
U.S. Short-Term Treasury Bond Funds | | | | | 30.7 | | |
U.S. Intermediate Term Treasury Bond Funds | | | | | 18.4 | | |
Money Market Funds | | | | | 1.9 | | |
U.S. Long Term Treasury Bond Funds | | | | | 1.1 | | |
Total Investments | | | | | 101.8 | | |
Other Assets and Liabilites, Net | | | | | (1.8) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $4.9
Asset Class | | | % of Net Assets | | |||
U.S. Short-Term Treasury Bond Funds | | | | | 83.7% | | |
Investment Grade Corporate Bond Funds | | | | | 16.3 | | |
Money Market Funds | | | | | 0.3 | | |
Total Investments | | | | | 100.3 | | |
Other Assets and Liabilites, Net | | | | | (0.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $51.3
Industry | | | % of Net Assets | | |||
Media | | | | | 15.1% | | |
Health Care | | | | | 14.9 | | |
Telecommunication Services | | | | | 14.5 | | |
Consumer Discretionary | | | | | 10.9 | | |
Industrials | | | | | 9.3 | | |
Consumer Staples | | | | | 8.6 | | |
Materials | | | | | 7.4 | | |
Information Technology | | | | | 5.4 | | |
Utilities | | | | | 4.2 | | |
Financials | | | | | 3.9 | | |
Energy | | | | | 2.4 | | |
Money Market Fund | | | | | 2.2 | | |
Real Estate | | | | | 0.7 | | |
Transportation | | | | | 0.4 | | |
Total Investments | | | | | 99.9 | | |
Other Assets and Liabilites, Net | | | | | 0.1 | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $723.6
Industry | | | % of Net Assets | | |||
Financials | | | | | 24.6% | | |
Information Technology | | | | | 19.1 | | |
Consumer Discretionary | | | | | 17.8 | | |
Money Market Fund | | | | | 12.7 | | |
Industrials | | | | | 6.3 | | |
Health Care | | | | | 5.7 | | |
U.S. Ultra Short Term Bond Funds | | | | | 5.1 | | |
Real Estate | | | | | 3.7 | | |
Utilities | | | | | 2.2 | | |
Communication Services | | | | | 2.0 | | |
Consumer Staples | | | | | 0.2 | | |
Total Investments | | | | | 99.4 | | |
Other Assets and Liabilites, Net | | | | | 0.6 | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $22.9
Industry | | | % of Net Assets | | |||
Energy | | | | | 16.4% | | |
Precious Metals | | | | | 16.3 | | |
Livestock | | | | | 14.0 | | |
Grains Food Fiber | | | | | 13.2 | | |
Timber | | | | | 10.7 | | |
Industrial Metals | | | | | 7.8 | | |
Water | | | | | 8.0 | | |
Coal | | | | | 6.1 | | |
Money Market Funds | | | | | 5.2 | | |
U.S. Ultra Short Term Bond Funds | | | | | 4.6 | | |
Total Investments | | | | | 102.3 | | |
Other Assets and Liabilites, Net | | | | | (2.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $7.1
Industry | | | % of Net Assets | | |||
Crop Production and Farming | | | | | 43.8% | | |
Livestock Operations | | | | | 24.2 | | |
Agricultural Chemicals | | | | | 16.2 | | |
Agricultural Machinery | | | | | 8.7 | | |
Money Market Funds | | | | | 7.4 | | |
Agricultural Supplies and Logistics | | | | | 7.0 | | |
Total Investments | | | | | 107.3 | | |
Other Assets and Liabilites, Net | | | | | (7.3) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $40.7
Asset Class | | | % of Net Assets | | |||
Specialized REITs | | | | | 28.3% | | |
Retail REITs | | | | | 19.5 | | |
Office REITs | | | | | 16.5 | | |
Diversified REITs | | | | | 14.6 | | |
Mortgage REITs | | | | | 9.7 | | |
Hotel REITs | | | | | 8.2 | | |
Residential REITs | | | | | 2.8 | | |
Money Market Funds | | | | | 2.6 | | |
Total Investments | | | | | 102.2 | | |
Other Assets and Liabilites, Net | | | | | (2.2) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $218.5
Industry | | | % of Net Assets | | |||
Industrials | | | | | 21.7% | | |
Consumer Discretionary | | | | | 14.9 | | |
Consumer Staples | | | | | 11.5 | | |
Materials | | | | | 9.4 | | |
Communication Services | | | | | 8.9 | | |
Financials | | | | | 8.9 | | |
Health Care | | | | | 7.3 | | |
Energy | | | | | 6.6 | | |
Utilities | | | | | 6.1 | | |
Information Technology | | | | | 5.6 | | |
Money Market Fund | | | | | 4.3 | | |
Total Investments | | | | | 105.2 | | |
Other Assets and Liabilites, Net | | | | | (5.2) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $249.6
Industry | | | % of Net Assets | | |||
Financials | | | | | 16.1% | | |
Industrials | | | | | 14.4 | | |
Health Care | | | | | 14.3 | | |
Consumer Staples | | | | | 11.7 | | |
Consumer Discretionary | | | | | 10.9 | | |
Information Technology | | | | | 9.3 | | |
Materials | | | | | 7.4 | | |
Communication Services | | | | | 5.4 | | |
Utilities | | | | | 3.8 | | |
Energy | | | | | 3.7 | | |
Money Market Fund | | | | | 3.6 | | |
Real Estate | | | | | 3.0 | | |
Total Investments | | | | | 103.6 | | |
Other Assets and Liabilites, Net | | | | | (3.6) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $7.7
Industry | | | % of Net Assets | | |||
Health Care | | | | | 17.0% | | |
Financials | | | | | 15.7 | | |
Consumer Staples | | | | | 14.6 | | |
Industrials | | | | | 13.1 | | |
Consumer Discretionary | | | | | 9.4 | | |
Materials | | | | | 7.4 | | |
Information Technology | | | | | 6.8 | | |
Energy | | | | | 5.2 | | |
Utilities | | | | | 4.9 | | |
Money Market Fund | | | | | 4.8 | | |
Communication Services | | | | | 4.4 | | |
Real Estate | | | | | 1.7 | | |
Total Investments | | | | | 105.0 | | |
Other Assets and Liabilites, Net | | | | | (5.0) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $7.7
Industry | | | % of Net Assets | | |||
Industrials | | | | | 20.9% | | |
Consumer Discretionary | | | | | 17.8 | | |
Information Technology | | | | | 12.1 | | |
Health Care | | | | | 11.0 | | |
Financials | | | | | 9.5 | | |
Consumer Staples | | | | | 9.0 | | |
Communication Services | | | | | 8.8 | | |
Materials | | | | | 5.6 | | |
Real Estate | | | | | 2.5 | | |
Utilities | | | | | 1.8 | | |
Money Market Fund | | | | | 1.1 | | |
Energy | | | | | 0.7 | | |
Total Investments | | | | | 100.8 | | |
Other Assets and Liabilites, Net | | | | | (0.8) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $46.2
Industry | | | % of Net Assets | | |||
Financials | | | | | 17.3% | | |
Health Care | | | | | 14.7 | | |
Industrials | | | | | 13.7 | | |
Consumer Discretionary | | | | | 11.9 | | |
Consumer Staples | | | | | 12.0 | | |
Information Technology | | | | | 8.3 | | |
Materials | | | | | 7.0 | | |
Communication Services | | | | | 6.5 | | |
Real Estate | | | | | 3.1 | | |
Utilities | | | | | 3.0 | | |
Energy | | | | | 2.3 | | |
Money Market Fund | | | | | 1.2 | | |
Total Investments | | | | | 101.0 | | |
Other Assets and Liabilites, Net | | | | | (1.0) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $6.0
Industry | | | % of Net Assets | | |||
Information Technology | | | | | 32.8% | | |
Health Care | | | | | 16.0 | | |
Consumer Discretionary | | | | | 13.7 | | |
Communication Services | | | | | 10.9 | | |
Consumer Staples | | | | | 6.6 | | |
Financials | | | | | 5.7 | | |
Industrials | | | | | 5.2 | | |
Real Estate | | | | | 3.7 | | |
Materials | | | | | 2.8 | | |
Utilities | | | | | 1.6 | | |
Energy | | | | | 0.8 | | |
Money Market Fund | | | | | 0.2 | | |
Total Investments | | | | | 100.0 | | |
Other Assets and Liabilites, Net | | | | | 0.0(a) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $103.1
Industry | | | % of Net Assets | | |||
Financials | | | | | 21.4% | | |
Industrials | | | | | 16.5 | | |
Health Care | | | | | 15.2 | | |
Information Technology | | | | | 13.1 | | |
Consumer Discretionary | | | | | 10.9 | | |
Real Estate | | | | | 7.1 | | |
Communication Services | | | | | 4.0 | | |
Materials | | | | | 3.9 | | |
Energy | | | | | 3.3 | | |
Consumer Staples | | | | | 3.3 | | |
Money Market Funds | | | | | 3.1 | | |
Utilities | | | | | 1.2 | | |
Total Investments | | | | | 103.0 | | |
Other Assets and Liabilites, Net | | | | | (3.0) | | |
Total Net Assets | | | | | 100.0% | | |
Net Assets ($ mil): $220.6
Industry | | | % of Net Assets | | |||
Information Technology | | | | | 25.4% | | |
Health Care | | | | | 15.9 | | |
Financials | | | | | 14.7 | | |
Communication Services | | | | | 10.1 | | |
Consumer Discretionary | | | | | 9.3 | | |
Industrials | | | | | 7.7 | | |
Consumer Staples | | | | | 5.5 | | |
Utilities | | | | | 3.8 | | |
Energy | | | | | 3.5 | | |
Real Estate | | | | | 2.9 | | |
Materials | | | | | 1.0 | | |
Money Market Funds | | | | | 0.1 | | |
Total Investments | | | | | 99.9 | | |
Other Assets and Liabilites, Net | | | | | 0.1 | | |
Total Net Assets | | | | | 100.0% | | |
| | | Shares | | | Value | | ||||||
Exchange Traded Note — 0.7% | | ||||||||||||
Volatility Note — 0.7% | | ||||||||||||
iPath Series B S&P 500 VIX Short-Term Futures ETN*(a) | | | | | | | | | | | | | |
(Cost $2,419,945) | | | | | 126,012 | | | | | $ | 4,772,074 | | |
Exchange Traded Vehicles — 6.0% | | ||||||||||||
British Pound Fund — 0.1% | | ||||||||||||
Invesco CurrencyShares British Pound Sterling Trust*(a) | | | | | 4,690 | | | | | | 572,321 | | |
Euro Fund — 2.0% | | ||||||||||||
Invesco CurrencyShares Euro Currency Trust*(a) | | | | | 142,565 | | | | | | 14,761,180 | | |
Gold Funds — 1.4% | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF*(a) | | | | | 40,323 | | | | | | 655,249 | | |
Graniteshares Gold Trust*(a) | | | | | 20,516 | | | | | | 344,258 | | |
iShares Gold Trust* | | | | | 559,736 | | | | | | 9,017,347 | | |
SPDR Gold MiniShares Trust* | | | | | 40,491 | | | | | | 681,868 | | |
Total Gold Funds | | | | | | | | | | | 10,698,722 | | |
Silver Fund — 0.2% | | ||||||||||||
iShares Silver Trust* | | | | | 125,644 | | | | | | 1,756,503 | | |
U.S. Dollar Fund — 2.3% | | ||||||||||||
Invesco DB U.S. Dollar Index Bullish Fund | | | | | 622,216 | | | | | | 16,669,167 | | |
Total Exchange Traded Vehicles | | | | ||||||||||
(Cost $44,504,610) | | | | | | | | | | | 44,457,893 | | |
Investment Companies — 86.0% | | ||||||||||||
Asia Pacific Equity Funds — 1.6% | | ||||||||||||
iShares Core MSCI Pacific ETF | | | | | 52,812 | | | | | | 2,597,822 | | |
Vanguard FTSE Pacific ETF(a) | | | | | 151,338 | | | | | | 8,874,461 | | |
Total Asia Pacific Equity Funds | | | | | | | | | | | 11,472,283 | | |
Bank Loan Funds — 7.5% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 1,878,966 | | | | | | 39,420,707 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 383,868 | | | | | | 16,034,166 | | |
Total Bank Loan Funds | | | | | | | | | | | 55,454,873 | | |
BRIC Equity Funds — 0.3% | | ||||||||||||
iShares China Large-Cap ETF(a) | | | | | 24,954 | | | | | | 962,975 | | |
iShares MSCI China ETF | | | | | 19,963 | | | | | | 1,197,381 | | |
SPDR S&P China ETF | | | | | 2,977 | | | | | | 285,077 | | |
Total BRIC Equity Funds | | | | | | | | | | | 2,445,433 | | |
Broad Fund — 0.5% | | ||||||||||||
FlexShares Global Upstream Natural Resources Index Fund(a) | | | | | 139,498 | | | | | | 3,604,628 | | |
Convertible Bond Fund — 2.0% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | | | | | 278,059 | | | | | | 14,801,081 | | |
Emerging Bonds — Local Currency Funds — 0.7% | | ||||||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF(a) | | | | | 45,250 | | | | | | 1,140,752 | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | | | 145,744 | | | | | | 4,210,544 | | |
WisdomTree Emerging Markets Local Debt Fund | | | | | 6,324 | | | | | | 189,594 | | |
Total Emerging Bonds — Local Currency Funds | | | | | | | | | | | 5,540,890 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Emerging Bonds — USD Funds — 0.2% | | ||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF(a) | | | | | 13,242 | | | | | $ | 1,330,821 | | |
Vanguard Emerging Markets Government Bond ETF | | | | | 2,261 | | | | | | 162,882 | | |
Total Emerging Bonds — USD Funds | | | | | | | | | | | 1,493,703 | | |
Emerging Equity Funds — 1.6% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF | | | | | 104,755 | | | | | | 4,573,603 | | |
iShares Edge MSCI Min Vol Emerging Markets ETF(a) | | | | | 37,445 | | | | | | 1,893,968 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 138,282 | | | | | | 5,001,660 | | |
Total Emerging Equity Funds | | | | | | | | | | | 11,469,231 | | |
Emerging Markets Small Cap Equity Fund — 0.8% | | ||||||||||||
SPDR S&P Emerging Markets SmallCap ETF | | | | | 164,442 | | | | | | 5,997,200 | | |
Europe Equity Funds — 2.6% | | ||||||||||||
iShares Core MSCI Europe ETF(a) | | | | | 96,281 | | | | | | 3,799,248 | | |
Vanguard FTSE Europe ETF(a) | | | | | 271,347 | | | | | | 12,500,956 | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | | | 100,695 | | | | | | 2,587,862 | | |
Total Europe Equity Funds | | | | | | | | | | | 18,888,066 | | |
Floating Rate — Investment Grade Funds — 5.9% | | ||||||||||||
iShares Floating Rate Bond ETF(a) | | | | | 649,066 | | | | | | 32,453,300 | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF(a) | | | | | 373,645 | | | | | | 11,261,660 | | |
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 43,714,960 | | |
High Yield Corporate Bond Funds — 3.1% | | ||||||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | | | | | 317,071 | | | | | | 13,386,738 | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF(a) | | | | | 396,707 | | | | | | 9,751,058 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 23,137,796 | | |
International Equity Core Funds — 4.1% | | ||||||||||||
iShares Core MSCI EAFE ETF | | | | | 283,163 | | | | | | 15,016,134 | | |
Vanguard FTSE Developed Markets ETF(a) | | | | | 436,990 | | | | | | 15,591,803 | | |
Total International Equity Core Funds | | | | | | | | | | | 30,607,937 | | |
International Large Cap Growth Fund — 2.0% | | ||||||||||||
iShares MSCI EAFE Growth ETF(a) | | | | | 193,637 | | | | | | 14,722,221 | | |
International Small Cap Equity Funds — 4.2% | | ||||||||||||
Schwab International Small-Cap Equity ETF(a) | | | | | 351,831 | | | | | | 9,534,620 | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF(a) | | | | | 248,954 | | | | | | 21,743,642 | | |
Total International Small Cap Equity Funds | | | | | | | | | | | 31,278,262 | | |
Investment Grade Corporate Bond Funds — 7.2% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF(a) | | | | | 38,987 | | | | | | 2,269,043 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF(a) | | | | | 189,668 | | | | | | 24,499,416 | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | | | 67,529 | | | | | | 2,088,672 | | |
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Investment Grade Corporate Bond Funds (continued) | | ||||||||||||
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 176,559 | | | | | $ | 16,128,665 | | |
Vanguard Short-Term Corporate Bond ETF(a) | | | | | 102,824 | | | | | | 8,336,970 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 53,322,766 | | |
Japan Equity Fund — 1.3% | | ||||||||||||
Xtrackers MSCI Japan Hedged Equity ETF(a) | | | | | 253,548 | | | | | | 9,378,741 | | |
Mortgage Backed Securities Funds — 5.1% | | ||||||||||||
iShares MBS ETF(a) | | | | | 222,411 | | | | | | 24,709,862 | | |
Vanguard Mortgage-Backed Securities ETF(a) | | | | | 231,374 | | | | | | 12,642,276 | | |
Total Mortgage Backed Securities Funds | | | | | | | | | | | 37,352,138 | | |
Treasury Inflation-Protected Securities Fund — 0.3% | | ||||||||||||
iShares TIPS Bond ETF(a) | | | | | 16,532 | | | | | | 2,005,497 | | |
U.S. Large Cap Core Funds — 4.9% | | ||||||||||||
Energy Select Sector SPDR Fund(a) | | | | | 336,488 | | | | | | 12,786,544 | | |
Financial Select Sector SPDR Fund(a) | | | | | 578,316 | | | | | | 13,179,822 | | |
Health Care Select Sector SPDR Fund(a) | | | | | 60,909 | | | | | | 6,074,454 | | |
Technology Select Sector SPDR Fund | | | | | 48,532 | | | | | | 4,436,310 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 36,477,130 | | |
U.S. Large Cap Growth Funds — 3.5% | | ||||||||||||
iShares Core S&P U.S. Growth ETF(a) | | | | | 41,715 | | | | | | 2,724,407 | | |
Schwab U.S. Large-Cap Growth ETF(a) | | | | | 34,426 | | | | | | 3,144,815 | | |
SPDR Portfolio S&P 500 Growth ETF(a) | | | | | 53,916 | | | | | | 2,201,929 | | |
Vanguard Growth ETF(a) | | | | | 91,607 | | | | | | 16,518,574 | | |
Vanguard Russell 1000 Growth ETF(a) | | | | | 7,043 | | | | | | 1,252,457 | | |
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 25,842,182 | | |
U.S. Long Term Treasury Bond Funds — 0.3% | | ||||||||||||
iShares 20+ Year Treasury Bond ETF(a) | | | | | 9,324 | | | | | | 1,554,684 | | |
SPDR Portfolio Long Term Treasury ETF | | | | | 3,551 | | | | | | 169,383 | | |
Vanguard Long-Term Treasury ETF(a) | | | | | 1,738 | | | | | | 176,963 | | |
Total U.S. Long Term Treasury Bond Funds | | | | | | | | | | | 1,901,030 | | |
U.S. Medium Term Treasury Bond Funds — 1.7% | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 48,695 | | | | | | 6,492,991 | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 48,586 | | | | | | 2,853,456 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 45,697 | | | | | | 3,218,440 | | |
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 12,564,887 | | |
U.S. Preferred Funds — 2.3% | | ||||||||||||
Invesco Preferred ETF(a) | | | | | 322,901 | | | | | | 4,588,423 | | |
iShares Preferred & Income Securities ETF(a) | | | | | 368,075 | | | | | | 12,753,799 | | |
Total U.S. Preferred Funds | | | | | | | | | | | 17,342,222 | | |
U.S. Small Cap Growth Funds — 0.7% | | ||||||||||||
iShares Russell 2000 Growth ETF(a) | | | | | 11,817 | | | | | | 2,154,711 | | |
iShares S&P Small-Cap 600 Growth ETF(a) | | | | | 6,792 | | | | | | 1,052,081 | | |
Vanguard Small-Cap Growth ETF(a) | | | | | 13,343 | | | | | | 2,335,292 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Small Cap Growth Funds (continued) | | ||||||||||||
Total U.S. Small Cap Growth Funds | | | | | | | | | | $ | 5,542,084 | | |
U.S. Ultra Short Term Bond Funds — 29.2% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF(a) | | | | | 401,940 | | | | | | 40,451,242 | | |
Invesco Treasury Collateral ETF† | | | | | 403,476 | | | | | | 42,760,387 | | |
IQ Ultra Short Duration ETF† | | | | | 1,137,443 | | | | | | 56,246,556 | | |
iShares Short Treasury Bond ETF(a)(b) | | | | | 367,095 | | | | | | 40,714,506 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 392,413 | | | | | | 35,929,334 | | |
Total U.S. Ultra Short Term Treasury Bond Funds | | | | | | | | | | | 216,102,025 | | |
Total Investment Companies | | | | | | | | | | | | | |
(Cost $691,745,263) | | | | | | | | | | | 692,459,266 | | |
Short-Term Investments — 11.9% | | ||||||||||||
Money Market Funds — 11.9% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(c)(d) | | | | | 87,019,645 | | | | | | 87,019,645 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(c) | | | | | 737,564 | | | | | | 737,564 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $87,757,209) | | | | | | | | | | | 87,757,209 | | |
Total Investments — 112.2% | | | | | | | | | | | | | |
(Cost $826,427,027) | | | | | | | | | | | 829,446,442 | | |
Other Assets and Liabilities, Net — (12.2)% | | | | | | | | | | | (89,786,055) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 739,660,387 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparties | | | Annual Financing Rate Received (Paid)% | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | $ | 33,589 | | | | | $ | — | | |
Aberdeen Standard Physical Gold Shares ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 33,589 | | | | | | — | | |
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.01) | | | | | | 7/02/2020 | | | | Monthly | | | | | (2,730,772) | | | | | | — | | |
Consumer Discretionary Select Sector SPDR Fund | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (2,730,772) | | | | | | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 655,538 | | | | | | — | | |
Energy Select Sector SPDR Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 655,538 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 675,701 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 675,701 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 184,808 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 184,808 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,073,888 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 2,073,888 | | | | | | — | | |
Graniteshares Gold Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 17,653 | | | | | | — | | |
Graniteshares Gold Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 17,653 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 311,457 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 311,457 | | | | | | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Morgan Stanley | | | | | (3.90) | | | | | | 7/02/2020 | | | | Monthly | | | | | (239,281) | | | | | | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (2,625,911) | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 29,287 | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 29,287 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 756,774 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 756,774 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 854,601 | | | | | | — | | |
Invesco DB U.S. Dollar Index Bullish Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 854,601 | | | | | | — | | |
Invesco KBW Bank ETF | | | Morgan Stanley | | | | | (1.65) | | | | | | 7/02/2020 | | | | Monthly | | | | | (64,223) | | | | | | — | | |
Invesco KBW Bank ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (64,223) | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 235,232 | | | | | | — | | |
Invesco Preferred ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 235,232 | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Morgan Stanley | | | | | (1.40) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,306,281) | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,306,281) | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,021,003 | | | | | | — | | |
Invesco Senior Loan ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 2,021,003 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,192,196 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 2,192,196 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 244,678 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 244,678 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,883,627 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 2,883,627 | | | | | | — | | |
iShares 0-5 Year High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 686,328 | | | | | | — | | |
iShares 0-5 Year High Yield Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 686,328 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 79,868 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 79,868 | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 332,950 | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 332,950 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 116,342 | | | | | | — | | |
Total Return Swap contracts outstanding at April 30, 2020: (continued) | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparties | | | Annual Financing Rate Received (Paid)% | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | $ | 116,342 | | | | | $ | — | | |
iShares China Large-Cap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 98,752 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 769,837 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 769,837 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 234,454 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 234,454 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 194,775 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 194,775 | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 133,207 | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 133,207 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 139,698 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 139,698 | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 7/02/2020 | | | | Monthly | | | | | (534,956) | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (534,956) | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | | | (3.90) | | | | | | 7/02/2020 | | | | Monthly | | | | | (946,253) | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (946,253) | | | | | | — | | |
iShares Edge MSCI Min Vol Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 97,063 | | | | | | — | | |
iShares Edge MSCI Min Vol Emerging Markets ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 97,063 | | | | | | — | | |
iShares Edge MSCI Min Vol USA ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 7/02/2020 | | | | Monthly | | | | | (4,570,659) | | | | | | — | | |
iShares Edge MSCI Min Vol USA ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (4,570,659) | | | | | | — | | |
iShares Edge MSCI USA Momentum Factor ETF | | | Morgan Stanley | | | | | (0.70) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,579,523) | | | | | | — | | |
iShares Edge MSCI USA Momentum Factor ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,579,523) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,663,800 | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 1,663,800 | | | | | | — | | |
iShares Gold Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 462,293 | | | | | | — | | |
iShares Gold Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 462,293 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,256,049 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 1,256,049 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (0.60) | | | | | | 7/02/2020 | | | | Monthly | | | | | (3,268,997) | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (3,268,997) | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 68,139 | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 68,139 | | | | | | — | | |
iShares MBS ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,266,873 | | | | | | — | | |
iShares MBS ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 1,266,873 | | | | | | — | | |
iShares MSCI China ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 122,839 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 754,750 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 754,750 | | | | | | — | | |
iShares MSCI Japan ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,749,074) | | | | | | — | | |
iShares MSCI Japan ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,749,074) | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 653,880 | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 653,880 | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 110,498 | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 110,498 | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,930,387) | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,930,387) | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 53,905 | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 53,905 | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Morgan Stanley | | | | | (3.60) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,218,329) | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,218,329) | | | | | | — | | |
Total Return Swap contracts outstanding at April 30, 2020: (continued) | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparties | | | Annual Financing Rate Received (Paid)% | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | $ | 2,200,676 | | | | | $ | — | | |
iShares Short Treasury Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 2,200,676 | | | | ��� | | — | | |
iShares Silver Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 90,059 | | | | | | — | | |
iShares Silver Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 90,059 | | | | | | — | | |
iShares TIPS Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 205,742 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 146,296 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 146,296 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 488,830 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 488,830 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 161,141 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 161,141 | | | | | | — | | |
Schwab U.S. Large-Cap Value ETF | | | Morgan Stanley | | | | | (2.60) | | | | | | 7/02/2020 | | | | Monthly | | | | | (548,277) | | | | | | — | | |
Schwab U.S. Large-Cap Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (548,277) | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | | | (1.46) | | | | | | 7/02/2020 | | | | Monthly | | | | | (3,331,886) | | | | | | — | | |
Schwab U.S. REIT ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (3,331,886) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 822,034 | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 822,034 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,842,004 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 1,842,004 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 758,794 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 758,794 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 58,487 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 58,487 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,782,837) | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (1,782,837) | | | | | | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 577,362 | | | | | | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 577,362 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 499,933 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 499,933 | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Morgan Stanley | | | | | (1.05) | | | | | | 7/02/2020 | | | | Monthly | | | | | (950,379) | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (950,379) | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 34,960 | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 34,960 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,681 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 8,681 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 112,882 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 112,882 | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 7/02/2020 | | | | Monthly | | | | | (330,016) | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (330,016) | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 107,080 | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 107,080 | | | | | | — | | |
SPDR S&P Bank ETF | | | Morgan Stanley | | | | | (1.55) | | | | | | 7/02/2020 | | | | Monthly | | | | | (191,523) | | | | | | — | | |
SPDR S&P Bank ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (191,523) | | | | | | — | | |
SPDR S&P China ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 29,207 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 307,479 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 307,479 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 227,428 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 227,428 | | | | | | — | | |
VanEck Vectors High-Yield Municipal Index ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 7/02/2020 | | | | Monthly | | | | | (1,491,500) | | | | | | — | | |
Total Return Swap contracts outstanding at April 30, 2020: (continued) | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparties | | | Annual Financing Rate Received (Paid)% | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long (Short) | | | Value/ Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
VanEck Vectors High-Yield Municipal Index ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | $ | (1,491,500) | | | | | $ | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 215,866 | | | | | | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 215,866 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,285 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 8,285 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,114,720 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 1,114,720 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 799,339 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 799,339 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 256,409 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 256,409 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 640,926 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 640,926 | | | | | | — | | |
Vanguard FTSE Pacific ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 454,988 | | | | | | — | | |
Vanguard FTSE Pacific ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 454,988 | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 846,963 | | | | | | — | | |
Vanguard Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 846,963 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 826,900 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 826,900 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 165,017 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 165,017 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,960 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 8,960 | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 648,140 | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 648,140 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 64,197 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 64,197 | | | | | | — | | |
Vanguard Russell 1000 Value | | | Morgan Stanley | | | | | (5.00) | | | | | | 7/02/2020 | | | | Monthly | | | | | (201,234) | | | | | | — | | |
Vanguard Russell 1000 Value | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (201,234) | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 427,454 | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 427,454 | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 119,714 | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 119,714 | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Morgan Stanley | | | | | (0.75) | | | | | | 7/02/2020 | | | | Monthly | | | | | (2,964,788) | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (2,964,788) | | | | | | — | | |
Vanguard Value ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 7/02/2020 | | | | Monthly | | | | | (4,373,304) | | | | | | — | | |
Vanguard Value ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (4,373,304) | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 9,744 | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 9,744 | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 132,689 | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 132,689 | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 480,833 | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Bank of America | | | | | 1.49 | | | | | | 9/30/2020 | | | | Monthly | | | | | 480,833 | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (1.90) | | | | | | 7/02/2020 | | | | Monthly | | | | | (713,509) | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Bank of America | | | | | 0.99 | | | | | | 9/30/2020 | | | | Monthly | | | | | (713,509) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 692,459,266 | | | | | $ | — | | | | | $ | — | | | | | $ | 692,459,266 | | |
Exchange Traded Vehicles | | | | | 44,457,893 | | | | | | — | | | | | | — | | | | | | 44,457,893 | | |
Exchange Traded Note | | | | | 4,772,074 | | | | | | — | | | | | | — | | | | | | 4,772,074 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 87,757,209 | | | | | | — | | | | | | — | | | | | | 87,757,209 | | |
Total Investments in Securities | | | | | 829,446,442 | | | | | | — | | | | | | — | | | | | | 829,446,442 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 829,446,442 | | | | | $ | — | | | | | $ | — | | | | | $ | 829,446,442 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
Invesco Treasury Collateral ETF | | | | | 46,369 | | | | | | 4,892,161 | | | | | | 43,949,500 | | | | | | (6,053,135) | | | | | | 8,463 | | | | | | (36,602) | | | | | | 121,045 | | | | | | — | | | | | | 403,476 | | | | | | 42,760,387 | | |
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 59,621,146 | | | | | | (4,502,603) | | | | | | 24,277 | | | | | | 1,103,736 | | | | | | — | | | | | | — | | | | | | 1,137,443 | | | | | | 56,246,556 | | |
| | | | | 46,369 | | | | | | 4,892,161 | | | | | | 103,570,646 | | | | | | (10,555,738) | | | | | | 32,740 | | | | | | 1,067,134 | | | | | | 121,045 | | | | | | — | | | | | | 1,540,919 | | | | | | 99,006,943 | | |
|
| | | Shares | | | Value | | ||||||
Exchange Traded Vehicles — 5.9% | | ||||||||||||
Gold Funds — 3.2% | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF* | | | | | 463 | | | | | $ | 7,524 | | |
Graniteshares Gold Trust* | | | | | 235 | | | | | | 3,943 | | |
iShares Gold Trust* | | | | | 6,422 | | | | | | 103,458 | | |
SPDR Gold MiniShares Trust* | | | | | 465 | | | | | | 7,831 | | |
Total Gold Funds | | | | | | | | | | | 122,756 | | |
Silver Fund — 0.5% | | ||||||||||||
iShares Silver Trust* | | | | | 1,430 | | | | | | 19,991 | | |
U.S. Dollar Fund — 2.2% | | ||||||||||||
Invesco DB U.S. Dollar Index Bullish Fund | | | | | 3,168 | | | | | | 84,871 | | |
Total Exchange Traded Vehicles | | | | | | | | | | | | | |
(Cost $221,461) | | | | | | | | | | | 227,618 | | |
Investment Companies — 94.3% | | ||||||||||||
BRIC Equity Funds — 2.0% | | ||||||||||||
iShares China Large-Cap ETF(a) | | | | | 772 | | | | | | 29,791 | | |
iShares MSCI China ETF | | | | | 618 | | | | | | 37,068 | | |
SPDR S&P China ETF | | | | | 92 | | | | | | 8,810 | | |
Total BRIC Equity Funds | | | | | | | | | | | 75,669 | | |
Broad Fund — 2.9% | | ||||||||||||
FlexShares Global Upstream Natural Resources Index Fund | | | | | 4,317 | | | | | | 111,551 | | |
Convertible Bond Fund — 12.2% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF | | | | | 8,800 | | | | | | 468,424 | | |
Emerging Bonds — Local Currency Funds — 4.5% | | ||||||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF(a) | | | | | 1,401 | | | | | | 35,319 | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | | | 4,511 | | | | | | 130,323 | | |
WisdomTree Emerging Markets Local Debt Fund | | | | | 196 | | | | | | 5,876 | | |
Total Emerging Bonds — Local Currency Funds | | | | | | | | | | | 171,518 | | |
Emerging Bonds — USD Funds — 2.3% | | ||||||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF(a) | | | | | 782 | | | | | | 78,591 | | |
Vanguard Emerging Markets Government Bond ETF | | | | | 133 | | | | | | 9,581 | | |
Total Emerging Bonds — USD Funds | | | | | | | | | | | 88,172 | | |
Emerging Equity Funds — 6.2% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF | | | | | 2,606 | | | | | | 113,778 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 3,440 | | | | | | 124,425 | | |
Total Emerging Equity Funds | | | | | | | | | | | 238,203 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
Emerging Small Cap Equity Fund — 2.4% | | ||||||||||||
SPDR S&P Emerging Markets SmallCap ETF | | | | | 2,567 | | | | | $ | 93,618 | | |
Europe Equity Fund — 0.8% | | ||||||||||||
Xtrackers MSCI Europe Hedged Equity ETF | | | | | 1,155 | | | | | | 29,684 | | |
Floating Rate — Investment Grade Funds — 4.5% | | ||||||||||||
iShares Floating Rate Bond ETF | | | | | 2,566 | | | | | | 128,300 | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | | | 1,477 | | | | | | 44,517 | | |
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 172,817 | | |
Investment Grade Corporate Bond Funds — 10.3% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 144 | | | | | | 8,381 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 702 | | | | | | 90,677 | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | | | 1,523 | | | | | | 47,106 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 653 | | | | | | 59,652 | | |
Vanguard Short-Term Corporate Bond ETF | | | | | 2,320 | | | | | | 188,106 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 393,922 | | |
Japan Equity Fund — 2.8% | | ||||||||||||
Xtrackers MSCI Japan Hedged Equity ETF | | | | | 2,909 | | | | | | 107,604 | | |
U.S. Large Cap Core Fund — 3.1% | | ||||||||||||
Energy Select Sector SPDR Fund | | | | | 3,081 | | | | | | 117,078 | | |
U.S. Large Cap Growth Funds — 2.3% | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 142 | | | | | | 9,274 | | |
Schwab U.S. Large-Cap Growth ETF | | | | | 118 | | | | | | 10,779 | | |
SPDR Portfolio S&P 500 Growth ETF | | | | | 184 | | | | | | 7,515 | | |
Vanguard Growth ETF | | | | | 313 | | | | | | 56,440 | | |
Vanguard Russell 1000 Growth ETF | | | | | 24 | | | | | | 4,268 | | |
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 88,276 | | |
U.S. Medium Term Treasury Bond Funds — 6.0% | | ||||||||||||
iShares 3-7 Year Treasury Bond ETF | | | | | 889 | | | | | | 118,539 | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 887 | | | | | | 52,093 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 834 | | | | | | 58,739 | | |
Total U.S. Medium Term Treasury Bond Funds | | | | | | | | | | | 229,371 | | |
U.S. Ultra Short-Term Bond Funds — 32.0% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 2,251 | | | | | | 226,541 | | |
Invesco Treasury Collateral ETF | | | | | 2,259 | | | | | | 239,409 | | |
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Ultra Short-Term Bond Funds (continued) | | ||||||||||||
IQ Ultra Short Duration ETF† | | | | | 6,370 | | | | | $ | 314,997 | | |
iShares Short Treasury Bond ETF(b) | | | | | 2,167 | | | | | | 240,342 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 2,197 | | | | | | 201,157 | | |
Total U.S. Ultra Short-Term Treasury Bond Funds | | | | | | | | | | | 1,222,446 | | |
Total Investment Companies | | | | | | | | | | | | | |
(Cost $3,605,191) | | | | | | | | | | | 3,608,353 | | |
Short-Term Investments — 6.3% | | ||||||||||||
Money Market Funds — 6.3% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(c)(d) | | | | | 234,871 | | | | | | 234,871 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(c) | | | | | 5,004 | | | | | | 5,004 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $239,875) | | | | | | | | | | | 239,875 | | |
|
| | | Shares | | | Value | | |||
Total Investments — 106.5% | | |||||||||
(Cost $4,066,527) | | | | | | | $ | 4,075,846 | | |
Other Assets and Liabilities, Net — (6.5)% | | | | | | | | (248,575) | | |
Net Assets — 100.0% | | | | | | | $ | 3,827,271 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
Aberdeen Standard Physical Gold Shares ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | $ | 715 | | | | | $ | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 11,210 | | | | | | — | | |
FlexShares Global Upstream Natural Resources Index Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 10,698 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 21,738 | | | | | | — | | |
Graniteshares Gold Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 386 | | | | | | — | | |
Invesco DB US Dollar Index Bullish Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,117 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 22,892 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 30,857 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (40,018) | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 11,334 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 815 | | | | | | — | | |
iShares China Large-Cap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,856 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 10,915 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | | | (1.45) | | | | | | 5/04/2021 | | | | Monthly | | | | | (552) | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 914 | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | | | (3.90) | | | | | | 5/04/2021 | | | | Monthly | | | | | (11,504) | | | | | | — | | |
iShares Edge MSCI Min Vol Emerging Markets ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (29,792) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 12,300 | | | | | | — | | |
iShares Gold Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 9,908 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,654 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (0.60) | | | | | | 5/04/2021 | | | | Monthly | | | | | (28,553) | | | | | | — | | |
iShares J.P. Morgan USD Emerging Markets Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 7,538 | | | | | | — | | |
iShares MSCI China ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 3,539 | | | | | | — | | |
iShares MSCI Japan ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (50,621) | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 23,069 | | | | | | — | | |
iShares Silver Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,915 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 4,992 | | | | | | — | | |
Total Return Swap contracts outstanding at April 30, 2020: (continued) | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | | | (3.20) | | | | | | 5/04/2021 | | | | Monthly | | | | $ | (24,092) | | | | | $ | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,005 | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | | | (1.46) | | | | | | 5/04/2021 | | | | Monthly | | | | | (40,561) | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 19,319 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 44,873 | | | | | | — | | |
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 3,378 | | | | | | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (15,548) | | | | | | — | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 4,280 | | | | | | — | | |
SPDR Dow Jones International Real Estate ETF | | | Morgan Stanley | | | | | (1.05) | | | | | | 5/04/2021 | | | | Monthly | | | | | (74,170) | | | | | | — | | |
SPDR Gold MiniShares Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 758 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | | | (0.90) | | | | | | 5/04/2021 | | | | Monthly | | | | | (4,341) | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 735 | | | | | | — | | |
SPDR Portfolio Short Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 4,516 | | | | | | — | | |
SPDR S&P China ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 862 | | | | | | — | | |
SPDR S&P Emerging Markets SmallCap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,972 | | | | | | — | | |
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 12,480 | | | | | | — | | |
Vanguard Emerging Markets Government Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 937 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | | | (1.80) | | | | | | 5/04/2021 | | | | Monthly | | | | | (54,937) | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 11,936 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | | | 0.04 | | | | | | 5/04/2021 | | | | Monthly | | | | | (1,843) | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 5,410 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 5,755 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 5,634 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | | | (7.00) | | | | | | 5/04/2021 | | | | Monthly | | | | | (4,480) | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 356 | | | | | | — | | |
Vanguard Short-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 18,000 | | | | | | — | | |
WisdomTree Emerging Markets Local Debt Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 570 | | | | | | — | | |
Xtrackers MSCI Europe Hedged Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,853 | | | | | | — | | |
Xtrackers MSCI Japan Hedged Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 10,320 | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (1.90) | | | | | | 5/04/2021 | | | | Monthly | | | | | (6,232) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Vehicles | | | | $ | 227,618 | | | | | $ | — | | | | | $ | — | | | | | $ | 227,618 | | |
Investment Companies | | | | | 3,608,353 | | | | | | — | | | | | | — | | | | | | 3,608,353 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 239,875 | | | | | | — | | | | | | — | | | | | | 239,875 | | |
Total Investments in Securities | | | | | 4,075,846 | | | | | | — | | | | | | — | | | | | | 4,075,846 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 4,075,846 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,075,846 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 309,255 | | | | | | (484) | | | | | | — | | | | | | 6,226 | | | | | | — | | | | | | — | | | | | | 6,370 | | | | | | 314,997 | | |
| | | | | — | | | | | | — | | | | | | 309,255 | | | | | | (484) | | | | | | — | | | | | | 6,226 | | | | | | — | | | | | | — | | | | | | 6,370 | | | | | | 314,997 | | |
|
| | | Shares | | | Value | | ||||||
Exchange Traded Vehicles — 2.50% | | ||||||||||||
British Pound Fund — 0.1% | | ||||||||||||
Invesco CurrencyShares British Pound Sterling Trust* | | | | | 196 | | | | | $ | 23,918 | | |
Euro Fund — 2.3% | | ||||||||||||
Invesco CurrencyShares Euro Currency Trust* | | | | | 4,030 | | | | | | 417,266 | | |
U.S. Dollar Fund — 0.1% | | ||||||||||||
Invesco DB U.S. Dollar Index Bullish Fund | | | | | 719 | | | | | | 19,262 | | |
Total Exchange Traded Vehicles | | | | | | | | | | | | | |
(Cost $469,083) | | | | | | | | | | | 460,446 | | |
Investment Companies — 98.0% | | ||||||||||||
Asia ex Japan Equity Funds — 2.8% | | ||||||||||||
iShares Core MSCI Pacific ETF | | | | | 2,293 | | | | | | 112,793 | | |
Vanguard FTSE Pacific ETF | | | | | 6,571 | | | | | | 385,323 | | |
Total Asia ex Japan Equity Funds | | | | | | | | | | | 498,116 | | |
Bank Loan Funds — 12.8% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 77,994 | | | | | | 1,636,314 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 15,933 | | | | | | 665,522 | | |
Total Bank Loan Funds | | | | | | | | | | | 2,301,836 | | |
Convertible Bond Fund — 0.9% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF | | | | | 3,037 | | | | | | 161,659 | | |
Emerging Equity Funds — 0.5% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF | | | | | 893 | | | | | | 38,989 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 1,178 | | | | | | 42,608 | | |
Total Emerging Equity Funds | | | | | | | | | | | 81,597 | | |
Europe Equity Funds — 4.0% | | ||||||||||||
iShares Core MSCI Europe ETF | | | | | 4,243 | | | | | | 167,429 | | |
Vanguard FTSE Europe ETF(a) | | | | | 11,960 | | | | | | 550,997 | | |
Total Europe Equity Funds | | | | | | | | | | | 718,426 | | |
Floating Rate — Investment Grade Funds — 8.9% | | ||||||||||||
iShares Floating Rate Bond ETF | | | | | 23,673 | | | | | | 1,183,650 | | |
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | | | 13,627 | | | | | | 410,718 | | |
Total Floating Rate — Investment Grade Funds | | | | | | | | | | | 1,594,368 | | |
High Yield Corporate Bond Funds — 5.4% | | ||||||||||||
iShares 0-5 Year High Yield Corporate Bond ETF | | | | | 13,258 | | | | | | 559,753 | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | | | 16,588 | | | | | | 407,733 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 967,486 | | |
International Small Cap Equity Funds — 6.5% | | ||||||||||||
Schwab International Small-Cap Equity ETF | | | | | 13,232 | | | | | $ | 358,587 | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | | | 9,363 | | | | | | 817,765 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
International Small Cap Equity Funds (continued) | | ||||||||||||
Total International Small Cap Equity Funds | | | | | | | | | | | 1,176,352 | | |
Investment Grade Corporate Bond Funds — 5.3% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 869 | | | | | | 50,576 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 4,226 | | | | | | 545,872 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 3,933 | | | | | | 359,280 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 955,728 | | |
Mortgage Backed Securities Funds — 8.7% | | ||||||||||||
iShares MBS ETF | | | | | 9,300 | | | | | | 1,033,230 | | |
Vanguard Mortgage-Backed Securities ETF | | | | | 9,674 | | | | | | 528,587 | | |
Total Mortgage Backed Securities Funds | | | | | | | | | | | 1,561,817 | | |
Treasury Inflation — Protected Securities Fund — 0.5% | | ||||||||||||
iShares TIPS Bond ETF(a) | | | | | 691 | | | | | | 83,825 | | |
U.S. Small Cap Growth Funds — 3.4% | | ||||||||||||
iShares Russell 2000 Growth ETF(a) | | | | | 1,296 | | | | | | 236,313 | | |
iShares S&P Small-Cap 600 Growth ETF(a) | | | | | 744 | | | | | | 115,245 | | |
Vanguard Small-Cap Growth ETF(a) | | | | | 1,462 | | | | | | 255,879 | | |
Total U.S. Small Cap Growth Funds | | | | | | | | | | | 607,437 | | |
U.S. Ultra Short Term Bond Funds — 38.3% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 12,658 | | | | | | 1,273,901 | | |
Invesco Treasury Collateral ETF | | | | | 12,706 | | | | | | 1,346,582 | | |
iShares Short Treasury Bond ETF | | | | | 12,188 | | | | | | 1,351,771 | | |
IQ Ultra Short Duration ETF† | | | | | 35,819 | | | | | | 1,771,249 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 12,357 | | | | | | 1,131,407 | | |
Total U.S. Ultra Short Term Treasury Bond Funds | | | | | | | | | | | 6,874,910 | | |
Total Investment Companies | | | | | | | | | | | | | |
(Cost $17,683,495) | | | | | | | | | | | 17,583,557 | | |
Short-Term Investments — 18.8% | | ||||||||||||
Money Market Funds — 18.8% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 3,346,998 | | | | | | 3,346,998 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 23,076 | | | | | | 23,076 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $3,370,074) | | | | | | | | | | | 3,370,074 | | |
Total Investments — 119.3% | | | | | | | | | | | | | |
(Cost $21,522,652) | | | | | | | | | | | 21,414,077 | | |
Other Assets and Liabilities, Net — (19.3)% | | | | | | | | | | $ | (3,457,631) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 17,956,446 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(d) | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | $ | 128,517 | | | | | $ | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Bank of America | | | | | 0.99 | | | | | | 29/10/2021 | | | | Monthly | | | | | (157,633) | | | | | | — | | |
Invesco CurrencyShares Australian Dollar Trust | | | Morgan Stanley | | | | | (3.90) | | | | | | 5/04/2021 | | | | Monthly | | | | | (43,168) | | | | | | — | | |
Invesco CurrencyShares British Pound Sterling Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 2,441 | | | | | | — | | |
Invesco CurrencyShares Euro Currency Trust | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 42,037 | | | | | | — | | |
Invesco KBW Bank ETF | | | Morgan Stanley | | | | | (1.65) | | | | | | 5/04/2021 | | | | Monthly | | | | | (4,884) | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (54,396) | | | | | | — | | |
Invesco S&P 500 Low Volatility ETF | | | Morgan Stanley | | | | | (1.40) | | | | | | 5/04/2021 | | | | Monthly | | | | | (58,480) | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 165,050 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 135,866 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 178,663 | | | | | | — | | |
iShares 0-5 Year High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 56,448 | | | | | | — | | |
iShares 3-7 Year Treasury Bond ETF | | | Morgan Stanley | | | | | (2.80) | | | | | | 5/04/2021 | | | | Monthly | | | | | (97,738) | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 5,122 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 3,929 | | | | | | — | | |
iShares Core MSCI Europe ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 16,889 | | | | | | — | | |
iShares Core MSCI Pacific ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 11,363 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | | | (3.80) | | | | | | 5/04/2021 | | | | Monthly | | | | | (29,324) | | | | | | — | | |
iShares Core S&P U.S. Value ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 5/04/2021 | | | | Monthly | | | | | (23,957) | | | | | | — | | |
iShares Edge MSCI Min Vol USA ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (204,678) | | | | | | — | | |
iShares Floating Rate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 119,400 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 55,026 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (0.60) | | | | | | 5/04/2021 | | | | Monthly | | | | | (54,451) | | | | | | — | | |
iShares MBS ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 104,212 | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (151,178) | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 23,887 | | | | | | — | | |
iShares Russell 2000 Value ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (86,402) | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 11,618 | | | | | | — | | |
iShares S&P Small-Cap 600 Value ETF | | | Morgan Stanley | | | | | (3.60) | | | | | | 5/04/2021 | | | | Monthly | | | | | (54,520) | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 136,308 | | | | | | — | | |
iShares TIPS Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 8,492 | | | | | | — | | |
PowerShares DB U.S. Dollar Index Bullish Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 1,956 | | | | | | — | | |
Schwab Intermediate-Term U.S. Treasury ETF | | | Morgan Stanley | | | | | (2.85) | | | | | | 5/04/2021 | | | | Monthly | | | | | (42,932) | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 36,179 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | | | (1.95) | | | | | | 5/04/2021 | | | | Monthly | | | | | (33,800) | | | | | | — | | |
Schwab U.S. Large-Cap Value ETF | | | Morgan Stanley | | | | | (2.60) | | | | | | 5/04/2021 | | | | Monthly | | | | | (24,560) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 67,124 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 114,084 | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | $ | 16,288 | | | | | $ | — | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (29,709) | | | | | | — | | |
Total Return Swap contracts outstanding at April 30, 2020: (continued) | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(d) | | ||||||||||||
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 41,443 | | | | | | — | | |
SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 41,122 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | | | (1.95) | | | | | | 5/04/2021 | | | | Monthly | | | | | (23,687) | | | | | | — | | |
SPDR Portfolio S&P 500 Value ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 5/04/2021 | | | | Monthly | | | | | (14,791) | | | | | | — | | |
SPDR S&P Bank ETF | | | Morgan Stanley | | | | | (1.55) | | | | | | 5/04/2021 | | | | Monthly | | | | | (14,622) | | | | | | — | | |
VanEck Vectors High-Yield Municipal Index ETF | | | Morgan Stanley | | | | | (3.05) | | | | | | 5/04/2021 | | | | Monthly | | | | | (113,825) | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 82,449 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 4,304 | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 55,560 | | | | | | — | | |
Vanguard FTSE Pacific ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 38,878 | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | | | (0.80) | | | | | | 5/04/2021 | | | | Monthly | | | | | (177,796) | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 36,266 | | | | | | — | | |
Vanguard Intermediate-Term Treasury ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (48,456) | | | | | | — | | |
Vanguard Mortgage-Backed Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 53,329 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | | | (2.15) | | | | | | 5/04/2021 | | | | Monthly | | | | | (13,515) | | | | | | — | | |
Vanguard Russell 1000 Value | | | Morgan Stanley | | | | | (5.00) | | | | | | 5/04/2021 | | | | Monthly | | | | | (9,006) | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 7/02/2020 | | | | Monthly | | | | | 25,903 | | | | | | — | | |
Vanguard Small-Cap Value ETF | | | Morgan Stanley | | | | | (0.75) | | | | | | 5/04/2021 | | | | Monthly | | | | | (132,782) | | | | | | — | | |
Vanguard Value ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 5/04/2021 | | | | Monthly | | | | | (195,839) | | | | | | — | | |
Xtrackers USD High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | (1.90) | | | | | | 5/04/2021 | | | | Monthly | | | | | (11,913) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Vehicles | | | | $ | 460,446 | | | | | $ | — | | | | | $ | — | | | | | $ | 460,446 | | |
Investment Companies | | | | | 17,583,557 | | | | | | — | | | | | | — | | | | | | 17,583,557 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 3,370,074 | | | | | | — | | | | | | — | | | | | | 3,370,074 | | |
Total Investments in Securities | | | | | 21,414,077 | | | | | | — | | | | | | — | | | | | | 21,414,077 | | |
Other Financial Instruments:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 21,414,077 | | | | | $ | — | | | | | $ | — | | | | | $ | 21,414,077 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 1,738,054 | | | | | | (1,938) | | | | | | (2) | | | | | | 35,135 | | | | | | — | | | | | | — | | | | | | 35,819 | | | | | | 1,771,249 | | |
| | | | | — | | | | | | — | | | | | | 1,738,054 | | | | | | (1,938) | | | | | | (2) | | | | | | 35,135 | | | | | | — | | | | | | — | | | | | | 35,819 | | | | | | 1,771,249 | | |
|
| | | Shares | | | Value | | ||||||
Exchange Traded Note — 0.9% | | ||||||||||||
Volatility Note — 0.9% | | ||||||||||||
iPath Series B S&P 500 VIX Short-Term Futures ETN* | | | | | | | | | | | | | |
(Cost $53,138) | | | | | 2,605 | | | | | $ | 98,652 | | |
Investment Companies — 99.8% | | ||||||||||||
Bank Loan Funds — 7.6% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 27,678 | | | | | | 580,685 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 5,654 | | | | | | 236,168 | | |
Total Bank Loan Funds | | | | | | | | | | | 816,853 | | |
International Equity Core Funds — 16.5% | | ||||||||||||
iShares Core MSCI EAFE ETF | | | | | 16,298 | | | | | | 864,283 | | |
Vanguard FTSE Developed Markets ETF | | | | | 25,151 | | | | | | 897,388 | | |
Total International Equity Core Funds | | | | | | | | | | | 1,761,671 | | |
International Large Cap Growth Fund — 7.9% | | ||||||||||||
iShares MSCI EAFE Growth ETF | | | | | 11,145 | | | | | | 847,354 | | |
International Small Cap Equity Funds — 3.9% | | ||||||||||||
Schwab International Small-Cap Equity ETF | | | | | 4,677 | | | | | | 126,747 | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | | | 3,309 | | | | | | 289,008 | | |
Total International Small Cap Equity Funds | | | | | | | | | | | 415,755 | | |
Investment Grade Corporate Bond Funds — 3.8% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 369 | | | | | | 21,476 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 1,795 | | | | | | 231,860 | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | | | 1,671 | | | | | | 152,646 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 405,982 | | |
U.S. Large Cap Core Funds — 14.1% | | ||||||||||||
Energy Select Sector SPDR Fund | | | | | 3,912 | | | | | | 148,656 | | |
Financial Select Sector SPDR Fund(a) | | | | | 33,286 | | | | | | 758,588 | | |
Health Care Select Sector SPDR Fund(a) | | | | | 3,506 | | | | | | 349,653 | | |
Technology Select Sector SPDR Fund | | | | | 2,793 | | | | | | 255,308 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 1,512,205 | | |
U.S. Large Cap Growth Funds — 16.0% | | ||||||||||||
iShares Core S&P U.S. Growth ETF | | | | | 2,761 | | | | | | 180,321 | | |
Schwab U.S. Large-Cap Growth ETF | | | | | 2,277 | | | | | | 208,004 | | |
SPDR Portfolio S&P 500 Growth ETF | | | | | 3,568 | | | | | | 145,717 | | |
Vanguard Growth ETF | | | | | 6,062 | | | | | | 1,093,100 | | |
| | | Shares | | | Value | | | | ||||||||||
Investment Companies (continued) | | | | ||||||||||||||||
U.S. Large Cap Growth Funds (continued) | | | | ||||||||||||||||
Vanguard Russell 1000 Growth ETF | | | | | 466 | | | | | $ | 82,869 | | | | | ||||
Total U.S. Large Cap Growth Funds | | | | | | | | | | | 1,710,011 | | | | | ||||
U.S. Long Term Treasury Bond Funds — 3.8% | | | | ||||||||||||||||
iShares 20+ Year Treasury Bond ETF(a) | | | | | 1,966 | | | | | | 327,811 | | | | | ||||
SPDR Portfolio Long Term Treasury ETF | | | | | 747 | | | | | | 35,632 | | | | | ||||
Vanguard Long-Term Treasury ETF | | | | | 363 | | | | | | 36,960 | | | | | ||||
Total U.S. Long Term Treasury Bond Funds | | | | | | | | | | | 400,403 | | | | | ||||
U.S. Preferred Funds — 16.1% | | | | ||||||||||||||||
Invesco Preferred ETF | | | | | 32,050 | | | | | | 455,430 | | | | | ||||
iShares Preferred & Income Securities ETF(a) | | | | | 36,535 | | | | | | 1,265,938 | | | | | ||||
Total U.S. Preferred Funds | | | | | | | | | | | 1,721,368 | | | | | ||||
U.S. Ultra Short Term Bond Funds — 10.1% | | | | ||||||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 1,999 | | | | | | 201,179 | | | | | ||||
Invesco Treasury Collateral ETF | | | | | 2,006 | | | | | | 212,596 | | | | | ||||
iShares Short Treasury Bond ETF(a) | | | | | 1,925 | | | | | | 213,502 | | | | | ||||
IQ Ultra Short Duration ETF† | | | | | 5,656 | | | | | | 279,689 | | | | | ||||
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 1,951 | | | | | | 178,633 | | | | | ||||
Total U.S. Ultra Short Term Treasury Bond Funds | | | | | | | | | | | 1,085,599 | | | | | ||||
Total Investment Companies | | | | | | ||||||||||||||
(Cost $10,455,537) | | | | | | | | | | | 10,677,201 | | | | | ||||
Short-Term Investments — 9.1% | | | | | | | | ||||||||||||
Money Market Funds — 9.1% | | | | ||||||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 955,259 | | | | | | 955,259 | | | | | ||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 15,290 | | | | | | 15,290 | | | | | ||||
Total Short-Term Investments | | | | | | ||||||||||||||
(Cost $970,549) | | | | | | | | | | | 970,549 | | | | | ||||
Total Investments — 109.8% | | | | | | ||||||||||||||
(Cost $11,479,224) | | | | | | | | | | | 11,746,402 | | | | | ||||
Other Assets and Liabilities, Net — (9.8)% | | | | | | | | | | | (1,047,224) | | | | | ||||
Net Assets — 100.0% | | | | | | | | | | $ | 10,699,178 | | | | | ||||
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(d) | | ||||||||||||
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.01) | | | | | | 3/30/2021 | | | | Monthly | | | | $ | (314,587) | | | | | $ | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 14,288 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 72,860 | | | | | | — | | |
Goldman Sachs Access Treasury 0-1 Year ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 19,323 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 33,609 | | | | | | — | | |
Invesco Preferred ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 43,738 | | | | | | — | | |
Invesco Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 55,765 | | | | | | — | | |
Invesco Treasury Collateral ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 20,772 | | | | | | — | | |
iPath Series B S&P 500 VIX Short-Term Futures ETN | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 9,468 | | | | | | — | | |
IQ Ultra Short Duration ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 27,346 | | | | | | — | | |
iShares 20+ Year Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 32,014 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 2,037 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 82,992 | | | | | | — | | |
iShares Core S&P U.S. Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 17,307 | | | | | | — | | |
iShares Core U.S. REIT ETF | | | Morgan Stanley | | | | | (3.90) | | | | | | 3/30/2021 | | | | Monthly | | | | | (63,123) | | | | | | — | | |
iShares Edge MSCI USA Momentum Factor ETF | | | Morgan Stanley | | | | | (0.70) | | | | | | 3/30/2021 | | | | Monthly | | | | | (295,566) | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 22,217 | | | | | | — | | |
iShares MSCI EAFE Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 81,352 | | | | | | — | | |
iShares Preferred & Income Securities ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 121,587 | | | | | | — | | |
iShares Russell 2000 Growth ETF | | | Morgan Stanley | | | | | (1.20) | | | | | | 3/30/2021 | | | | Monthly | | | | | (91,170) | | | | | | — | | |
iShares S&P Small-Cap 600 Growth ETF | | | Morgan Stanley | | | | | (2.10) | | | | | | 3/30/2021 | | | | Monthly | | | | | (44,611) | | | | | | — | | |
iShares Short Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 20,518 | | | | | | — | | |
Schwab International Small-Cap Equity ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 12,168 | | | | | | — | | |
Schwab U.S. Large-Cap Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 20,006 | | | | | | — | | |
Schwab U.S. REIT ETF | | | Morgan Stanley | | | | | (1.46) | | | | | | 3/30/2021 | | | | Monthly | | | | | (222,272) | | | | | | — | | |
SPDR Blackstone / GSO Senior Loan ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 22,681 | | | | | | — | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 17,122 | | | | | | — | | |
SPDR Portfolio Long Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 3,434 | | | | | | — | | |
SPDR Portfolio S&P 500 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 14,008 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 24,498 | | | | | | — | | |
Vanguard FTSE All World ex-U.S. Small-Cap ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 27,774 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 86,203 | | | | | | — | | |
Vanguard Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 104,946 | | | | | | — | | |
Vanguard Intermediate-Term Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 14,707 | | | | | | — | | |
Vanguard Long-Term Treasury ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 3,564 | | | | | | — | | |
Vanguard Russell 1000 Growth ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 3/30/2021 | | | | Monthly | | | | | 8,002 | | | | | | — | | |
Vanguard Small-Cap Growth ETF | | | Morgan Stanley | | | | | (1.00) | | | | | | 3/30/2021 | | | | Monthly | | | | | (98,886) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Exchange Traded Note | | | | $ | 98,652 | | | | | $ | — | | | | | $ | — | | | | | $ | 98,652 | | |
Investment Companies | | | | | 10,677,201 | | | | | | — | | | | | | — | | | | | | 10,677,201 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 970,549 | | | | | | — | | | | | | — | | | | | | 970,549 | | |
Total Investments in Securities | | | | | 11,746,402 | | | | | | — | | | | | | — | | | | | | 11,746,402 | | |
Other Financial Instruments:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 11,746,402 | | | | | $ | — | | | | | $ | — | | | | | $ | 11,746,402 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 274,548 | | | | | | (388) | | | | | | — | | | | | | 5,529 | | | | | | — | | | | | | — | | | | | | 5,656 | | | | | | 279,689 | | |
| | | | | — | | | | | | — | | | | | | 274,548 | | | | | | (388) | | | | | | — | | | | | | 5,529 | | | | | | — | | | | | | — | | | | | | 5,656 | | | | | | 279,689 | | |
|
| | | Shares | | | Value | | ||||||
Investment Companies — 99.7% | | ||||||||||||
Bank Loan Funds — 24.4% | | ||||||||||||
Invesco Senior Loan ETF(a) | | | | | 68,986 | | | | | $ | 1,447,326 | | |
SPDR Blackstone / GSO Senior Loan ETF(a) | | | | | 14,093 | | | | | | 588,665 | | |
Total Bank Loan Funds | | | | | | | | | | | 2,035,991 | | |
Convertible Bond Fund — 7.8% | | ||||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF | | | | | 12,223 | | | | | | 650,630 | | |
High Yield Corporate Bond Funds — 31.6% | | ||||||||||||
iShares iBoxx High Yield Corporate Bond ETF(a) | | | | | 18,643 | | | | | | 1,499,456 | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | | | 8,258 | | | | | | 817,790 | | |
Xtrackers USD High Yield Corporate Bond ETF(a) | | | | | 7,143 | | | | | | 327,292 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 2,644,538 | | |
Investment Grade Corporate Bond Funds — 18.7% | | ||||||||||||
SPDR Portfolio Short Term Corporate Bond ETF | | | | | 10,104 | | | | | | 312,517 | | |
Vanguard Short-Term Corporate Bond ETF | | | | | 15,388 | | | | | | 1,247,659 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 1,560,176 | | |
U.S. Preferred Funds — 8.3% | | ||||||||||||
Invesco Preferred ETF | | | | | 12,947 | | | | | | 183,977 | | |
iShares Preferred & Income Securities ETF | | | | | 14,759 | | | | | | 511,399 | | |
Total U.S. Preferred Funds | | | | | | | | | | | 695,376 | | |
U.S. Small Cap Growth Funds — 8.9% | | ||||||||||||
iShares Russell 2000 Growth ETF(a) | | | | | 1,582 | | | | | | 288,462 | | |
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Small Cap Growth Funds (continued) | | ||||||||||||
iShares S&P Small-Cap 600 Growth ETF | | | | | 909 | | | | | $ | 140,804 | | |
Vanguard Small-Cap Growth ETF | | | | | 1,786 | | | | | | 312,586 | | |
Total U.S. Small Cap Growth Funds | | | | | | | | | | | 741,852 | | |
Total Investment Companies (Cost $8,591,416) | | | | | | | | | | | 8,328,563 | | |
Short-Term Investments — 26.9% | | ||||||||||||
Money Market Funds — 26.9% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 2,226,451 | | | | | | 2,226,451 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 24,366 | | | | | | 24,366 | | |
Total Short-Term Investments (Cost $2,250,817) | | | | | | | | | | | 2,250,817 | | |
Total Investments — 126.6% (Cost $10,842,233) | | | | | | | | | | | 10,579,380 | | |
Other Assets and Liabilities, Net — (26.6)% | | | | | | | | | | | (2,225,682) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 8,353,698 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 8,328,563 | | | | | $ | — | | | | | $ | — | | | | | $ | 8,328,563 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 2,250,817 | | | | | | — | | | | | | — | | | | | | 2,250,817 | | |
Total Investments in Securities | | | | $ | 10,579,380 | | | | | $ | — | | | | | $ | — | | | | | $ | 10,579,380 | | |
| | | Shares | | | Value | | ||||||
Investment Companies — 100.0% | | ||||||||||||
Oil Fund — 0.8% | | ||||||||||||
Invesco DB Oil Fund(a) | | | | | 73,054 | | | | | $ | 404,719 | | |
U.S. Large Cap Core Funds — 10.4% | | ||||||||||||
iShares Core S&P 500 ETF | | | | | 7,405 | | | | | | 2,156,040 | | |
SPDR S&P 500 ETF Trust(a) | | | | | 10,852 | | | | | | 3,152,289 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 5,308,329 | | |
U.S. REITS Funds — 5.7% | | ||||||||||||
iShares U.S. Real Estate ETF(a) | | | | | 3,627 | | | | | | 275,833 | | |
SPDR Dow Jones REIT ETF | | | | | 1,770 | | | | | | 137,830 | | |
Vanguard Real Estate ETF(a) | | | | | 32,669 | | | | | | 2,486,438 | | |
Total U.S. REITS Funds | | | | | | | | | | | 2,900,101 | | |
U.S. Ultra Short-Term Bond Funds — 83.1% | | ||||||||||||
Goldman Sachs Access Treasury 0-1 Year ETF | | | | | 36,525 | | | | | | 3,675,876 | | |
Invesco Treasury Collateral ETF | | | | | 4,652 | | | | | | 493,019 | | |
iShares Short Treasury Bond ETF(a) | | | | | 114,647 | | | | | | 12,715,498 | | |
IQ Ultra Short Duration ETF† (Cost $13,139,883) | | | | | 262,340 | | | | | | 12,972,713 | | |
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF(a) | | | | | 138,909 | | | | | | 12,718,508 | | |
Total U.S. Ultra Short-Term Treasury Bond Funds | | | | | | | | | | | 29,602,901 | | |
Total Investment Companies (Cost 51,647,851) | | | | | | | | | | | 51,188,763 | | |
|
| | | Shares | | | Value | | ||||||
Short-Term Investments — 17.2% | | ||||||||||||
Money Market Funds — 17.2% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 8,787,643 | | | | | $ | 8,787,643 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 4,513 | | | | | | 4,513 | | |
Total Short-Term Investments (Cost $8,792,156) | | | | | | | | | | | 8,792,156 | | |
Total Investments — 117.2% (Cost $60,440,007) | | | | | | | | | | | 59,980,919 | | |
Other Assets and Liabilities, Net — (17.2)% | | | | | | | | | | | (8,793,112) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 51,187,807 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 51,188,763 | | | | | $ | — | | | | | $ | — | | | | | $ | 51,188,763 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 8,792,156 | | | | | | — | | | | | | — | | | | | | 8,792,156 | | |
Total Investments in Securities | | | | $ | 59,980,919 | | | | | $ | — | | | | | $ | — | | | | | $ | 59,980,919 | | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 14,420,712 | | | | | | (1,264,832) | | | | | | (15,997) | | | | | | (167,170) | | | | | | 132,327 | | | | | | — | | | | | | 262,340 | | | | | | 12,972,713 | | |
| | | | | — | | | | | | — | | | | | | 14,420,712 | | | | | | (1,264,832) | | | | | | (15,997) | | | | | | (167,170) | | | | | | 132,327 | | | | | | — | | | | | | 262,340 | | | | | | 12,972,713 | | |
| | | Shares | | | Value | | ||||||
Investment Companies — 100.8% | | ||||||||||||
Aggregate Bond Funds — 6.1% | | ||||||||||||
iShares Core U.S. Aggregate Bond ETF(a) | | | | | 3,423 | | | | | $ | 400,834 | | |
SPDR Portfolio Aggregate Bond ETF(b) | | | | | 972 | | | | | | 29,743 | | |
Vanguard Total Bond Market ETF(b) | | | | | 3,361 | | | | | | 294,121 | | |
Total Aggregate Bond Funds | | | | | | | | | | | 724,698 | | |
Emerging Equity Funds — 6.5% | | ||||||||||||
iShares Core MSCI Emerging Markets ETF | | | | | 8,427 | | | | | | 367,923 | | |
Vanguard FTSE Emerging Markets ETF | | | | | 11,124 | | | | | | 402,355 | | |
Total Emerging Equity Funds | | | | | | | | | | | 770,278 | | |
High Yield Corporate Bond Funds — 10.4% | | ||||||||||||
iShares iBoxx High Yield Corporate Bond ETF(b) | | | | | 9,960 | | | | | | 801,083 | | |
SPDR Bloomberg Barclays High Yield Bond ETF | | | | | 4,412 | | | | | | 436,920 | | |
Total High Yield Corporate Bond Funds | | | | | | | | | | | 1,238,003 | | |
International Equity Core Funds — 32.6% | | ||||||||||||
iShares Core MSCI EAFE ETF | | | | | 35,772 | | | | | | 1,896,989 | | |
Vanguard FTSE Developed Markets ETF | | | | | 55,206 | | | | | | 1,969,750 | | |
Total International Equity Core Funds | | | | | | | | | | | 3,866,739 | | |
Investment Grade Corporate Bond Funds — 7.6% | | ||||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | | | | | 1,307 | | | | | | 76,067 | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | | | 6,358 | | | | | | 821,263 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 897,330 | | |
U.S. Large Cap Core Funds — 28.9% | | ||||||||||||
Consumer Staples Select Sector SPDR Fund | | | | | 2,933 | | | | | | 170,877 | | |
Energy Select Sector SPDR Fund | | | | | 2,047 | | | | | | 77,786 | | |
Financial Select Sector SPDR Fund(b) | | | | | 25,946 | | | | | | 591,309 | | |
Health Care Select Sector SPDR Fund(b) | | | | | 7,351 | | | | | | 733,115 | | |
Technology Select Sector SPDR Fund | | | | | 6,811 | | | | | | 622,593 | | |
Utilities Select Sector SPDR Fund | | | | | 16 | | | | | | 916 | | |
Vanguard Consumer Staples ETF(b) | | | | | 425 | | | | | | 62,887 | | |
Vanguard Energy ETF | | | | | 507 | | | | | | 25,619 | | |
| | | Shares | | | Value | | ||||||
Investment Companies (continued) | | ||||||||||||
U.S. Large Cap Core Funds (continued) | | ||||||||||||
Vanguard Financials ETF(b) | | | | | 3,663 | | | | | $ | 204,432 | | |
Vanguard Health Care ETF(b) | | | | | 1,843 | | | | | | 347,258 | | |
Vanguard Information Technology ETF(b) | | | | | 2,475 | | | | | | 598,950 | | |
Vanguard Utilities ETF | | | | | 3 | | | | | | 378 | | |
Total U.S. Large Cap Core Funds | | | | | | | | | | | 3,436,120 | | |
U.S. Medium Term Treasury Bond Fund — 8.7% | | ||||||||||||
iShares 7-10 Year Treasury Bond ETF(b) | | | | | 8,449 | | | | | | 1,027,990 | | |
Total Investment Companies | | ||||||||||||
(Cost $12,297,306) | | | | | | | | | | | 11,961,158 | | |
Short-Term Investments — 5.0% | | ||||||||||||
Money Market Funds — 5.0% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(c)(d) | | | | | 588,340 | | | | | | 588,340 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(c) | | | | | 6,775 | | | | | | 6,775 | | |
Total Short-Term Investments | | | | ||||||||||
(Cost $595,115) | | | | | | | | | | | 595,115 | | |
Total Investments — 105.8% | | | | | | | | | | | | | |
(Cost $12,892,421) | | | | | | | | | | | 12,556,273 | | |
Other Assets and Liabilities, Net — (5.8)% | | | | | | | | | | | (685,928) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 11,870,345 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.01) | | | | | | 10/04/2021 | | | | Monthly | | | | $ | (545,338) | | | | | $ | — | | |
Consumer Staples Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 14,856 | | | | | | — | | |
Energy Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 6,764 | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 51,414 | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 63,727 | | | | | | — | | |
Industrial Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.11) | | | | | | 10/04/2021 | | | | Monthly | | | | | (120,265) | | | | | | — | | |
iShares 7-10 Year Treasury Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 89,427 | | | | | | — | | |
iShares Broad USD Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 6,635 | | | | | | — | | |
iShares Core MSCI EAFE ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 164,976 | | | | | | — | | |
iShares Core MSCI Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 32,003 | | | | | | — | | |
iShares Core U.S. Aggregate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 34,896 | | | | | | — | | |
iShares iBoxx $ Investment Grade Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 71,431 | | | | | | — | | |
iShares iBoxx High Yield Corporate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 69,652 | | | | | | — | | |
iShares Russell 2000 ETF | | | Morgan Stanley | | | | | (0.75) | | | | | | 10/04/2021 | | | | Monthly | | | | | (148,423) | | | | | | — | | |
Materials Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.21) | | | | | | 10/04/2021 | | | | Monthly | | | | | (47,159) | | | | | | — | | |
SPDR Bloomberg Barclays Convertible Securities ETF | | | Morgan Stanley | | | | | (0.31) | | | | | | 10/04/2021 | | | | Monthly | | | | | (121,736) | | | | | | — | | |
SPDR Bloomberg Barclays High Yield BondETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 38,028 | | | | | | — | | |
SPDR Portfolio Aggregate Bond ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 2,570 | | | | | | — | | |
Technology Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 54,115 | | | | | | — | | |
Utilities Select Sector SPDR Fund | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 57 | | | | | | — | | |
Vanguard Consumer Staples ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 5,031 | | | | | | — | | |
Vanguard Energy ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 2,223 | | | | | | — | | |
Vanguard Financials ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 17,803 | | | | | | — | | |
Vanguard FTSE Developed Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 171,299 | | | | | | — | | |
Vanguard FTSE Emerging Markets ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 34,976 | | | | | | — | | |
Vanguard Health Care ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 30,147 | | | | | | — | | |
Vanguard Information Technology ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 52,030 | | | | | | — | | |
Vanguard Real Estate ETF | | | Morgan Stanley | | | | | (0.11) | | | | | | 10/04/2021 | | | | Monthly | | | | | (151,992) | | | | | | — | | |
Vanguard Total Bond Market ETF | | | Morgan Stanley | | | | | 0.54 | | | | | | 10/04/2021 | | | | Monthly | | | | | 25,553 | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 11,961,158 | | | | | $ | — | | | | | $ | — | | | | | $ | 11,961,158 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 595,115 | | | | | | — | | | | | | — | | | | | | 595,115 | | |
Total Investments in Securities | | | | | 12,556,273 | | | | | | — | | | | | | — | | | | | | 12,556,273 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 12,556,273 | | | | | $ | — | | | | | $ | — | | | | | $ | 12,556,273 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares | | | Value | | ||||||
Investment Companies — 99.9% | | ||||||||||||
Mortgage Backed Securities Funds — 49.7% | | ||||||||||||
iShares MBS ETF | | | | | 192,052 | | | | | $ | 21,336,977 | | |
SPDR Portfolio Mortgage Backed Bond ETF(a) | | | | | 72,469 | | | | | | 1,952,315 | | |
Vanguard Mortgage-Backed Securities ETF | | | | | 200,402 | | | | | | 10,949,965 | | |
Total Mortgage Backed Securities Funds | | | | | | | | | | | 34,239,257 | | |
U.S. Short-Term Treasury Bond Funds — 30.7% | | ||||||||||||
Schwab Short-Term U.S. Treasury ETF | | | | | 199,399 | | | | | | 10,310,922 | | |
Vanguard Short-Term Treasury ETF | | | | | 174,799 | | | | | | 10,886,482 | | |
Total Short-Term Treasury Bond Funds | | | | | | | | | | | 21,197,404 | | |
U.S. Intermediate Term Treasury Bond Funds — 18.4% | | ||||||||||||
Schwab Intermediate-Term U.S. Treasury ETF | | | | | 101,795 | | | | | | 5,978,420 | | |
Vanguard Intermediate-Term Treasury ETF | | | | | 95,618 | | | | | | 6,734,376 | | |
Total U.S. Intermediate Term Treasury Bond Funds | | | | | | | | | | | 12,712,796 | | |
U.S. Long Term Treasury Bond Funds — 1.1% | | ||||||||||||
iShares 10-20 Year Treasury Bond ETF | | | | | 356 | | | | | | 59,865 | | |
iShares 20+ Year Treasury Bond ETF(a) | | | | | 3,321 | | | | | | 553,744 | | |
SPDR Portfolio Long Term Treasury ETF | | | | | 1,521 | | | | | | 72,552 | | |
Vanguard Long-Term Treasury ETF | | | | | 736 | | | | | | 74,939 | | |
Total U.S. Long Term Treasury Bond Funds | | | | | | | | | | | 761,100 | | |
|
| | | Shares | | | Value | | ||||||
Total Investment Companies | | | | | | | | | | | | | |
(Cost $67,954,578) | | | | | | | | | | $ | 68,910,557 | | |
Short-Term Investments — 1.9% | | ||||||||||||
Money Market Funds — 1.9% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 1,243,000 | | | | | | 1,243,000 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 92,899 | | | | | | 92,899 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $1,335,899) | | | | | | | | | | | 1,335,899 | | |
Total Investments — 101.8% | | | | | | | | | | | | | |
(Cost $69,290,477) | | | | | | | | | | | 70,246,456 | | |
Other Assets and Liabilities, Net — (1.8)% | | | | | | | | | | | (1,254,202) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 68,992,254 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | ��� | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 68,910,557 | | | | | $ | — | | | | | $ | — | | | | | $ | 68,910,557 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,335,899 | | | | | | — | | | | | | — | | | | | | 1,335,899 | | |
Total Investments in Securities | | | | $ | 70,246,456 | | | | | $ | — | | | | | $ | — | | | | | $ | 70,246,456 | | |
| | | Shares | | | Value | | ||||||
Investment Companies — 100.0% | | ||||||||||||
Investment Grade Corporate Bond Funds — 16.3% | | ||||||||||||
iShares 0-5 Year Investment Grade Corporate Bond ETF | | | | | 1,218 | | | | | $ | 62,532 | | |
Vanguard Short-Term Corporate Bond ETF | | | | | 9,019 | | | | | | 731,260 | | |
Total Investment Grade Corporate Bond Funds | | | | | | | | | | | 793,792 | | |
Short-Term Treasury Bond Funds — 83.7% | | ||||||||||||
Schwab Short-Term U.S. Treasury ETF(a) | | | | | 38,281 | | | | | | 1,979,511 | | |
Vanguard Short-Term Treasury ETF(a) | | | | | 33,558 | | | | | | 2,089,992 | | |
Total Short-Term Treasury Bond Funds | | | | | | | | | | | 4,069,503 | | |
Total Investment Companies | | | | | | | | | | | | | |
(Cost $4,851,101) | | | | | | | | | | | 4,863,295 | | |
Short-Term Investments — 0.3% | | ||||||||||||
Money Market Funds — 0.3% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 11,650 | | | | | | 11,650 | | |
| | | Shares | | | Value | | ||||||
Short-Term Investments (continued) | | ||||||||||||
Money Market Funds (continued) | | ||||||||||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 2,166 | | | | | $ | 2,166 | | |
Total Short-Term Investments | | | | | | | | | | | | | |
(Cost $13,816) | | | | | | | | | | | 13,816 | | |
Total Investments — 100.3% | | | | | | | | | | | | | |
(Cost $4,864,917) | | | | | | | | | | | 4,877,111 | | |
Other Assets and Liabilities, Net — (0.3)% | | | | | | | | | | | (12,431) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 4,864,680 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment Companies | | | | $ | 4,863,295 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,863,295 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 13,816 | | | | | | — | | | | | | — | | | | | | 13,816 | | |
Total Investments in Securities | | | | $ | 4,877,111 | | | | | $ | — | | | | | $ | — | | | | | $ | 4,877,111 | | |
| | | Principal Amount | | | Value | | ||||||
Long-Term Bonds 97.7% | | ||||||||||||
Corporate Bonds — 86.3% | | ||||||||||||
Consumer Discretionary — 8.6% | | ||||||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC | | | | | | | | | | | | | |
3.500%, due 2/15/23‡ | | | | $ | 78,000 | | | | | $ | 77,220 | | |
4.625%, due 1/15/27‡ | | | | | 145,000 | | | | | | 145,725 | | |
4.875%, due 2/15/30‡ | | | | | 167,000 | | | | | | 168,670 | | |
5.750%, due 3/15/25 | | | | | 25,000 | | | | | | 25,500 | | |
5.875%, due 2/15/28‡ | | | | | 102,000 | | | | | | 105,570 | | |
6.625%, due 6/15/24 | | | | | 150,000 | | | | | | 154,500 | | |
7.500%, due 3/15/26‡ | | | | | 67,000 | | | | | | 73,197 | | |
Allison Transmission, Inc. | | | | | | | | | | | | | |
5.000%, due 10/1/24‡ | | | | | 100,000 | | | | | | 96,500 | | |
5.875%, due 6/1/29‡ | | | | | 57,000 | | | | | | 55,005 | | |
Boyd Gaming Corp. | | | | | | | | | | | | | |
4.750%, due 12/1/27‡ | | | | | 102,000 | | | | | | 87,847 | | |
Cedar Fair LP | | | | | | | | | | | | | |
5.250%, due 7/15/29‡ | | | | | 52,000 | | | | | | 44,200 | | |
Cedar Fair LP / Canada’s Wonderland Co. / Magnum Management Corp. / Millennium Op | | | | | | | | | | | | | |
5.375%, due 4/15/27 | | | | | 53,000 | | | | | | 47,435 | | |
Churchill Downs, Inc. | | | | | | | | | | | | | |
4.750%, due 1/15/28‡ | | | | | 57,000 | | | | | | 52,440 | | |
5.500%, due 4/1/27‡ | | | | | 40,000 | | | | | | 38,200 | | |
Eldorado Resorts, Inc. | | | | | | | | | | | | | |
6.000%, due 9/15/26 | | | | | 70,000 | | | | | | 70,262 | | |
Ford Motor Co. | | | | | | | | | | | | | |
4.750%, due 1/15/43 | | | | | 200,000 | | | | | | 127,500 | | |
Ford Motor Credit Co. LLC | | | | | | | | | | | | | |
3.815%, due 11/2/27 | | | | | 70,000 | | | | | | 54,790 | | |
Gap, Inc. (The) | | | | | | | | | | | | | |
5.950%, due 4/12/21 | | | | | 130,000 | | | | | | 133,575 | | |
Goodyear Tire & Rubber Co. (The) | | | | | | | | | | | | | |
5.000%, due 5/31/26 | | | | | 91,000 | | | | | | 77,805 | | |
Hanesbrands, Inc. | | | | | | | | | | | | | |
4.625%, due 5/15/24‡ | | | | | 99,000 | | | | | | 99,000 | | |
4.875%, due 5/15/26‡ | | | | | 102,000 | | | | | | 102,510 | | |
Hilton Domestic Operating Co., Inc. | | | | | | | | | | | | | |
4.250%, due 9/1/24 | | | | | 120,000 | | | | | | 116,550 | | |
4.875%, due 1/15/30 | | | | | 101,000 | | | | | | 96,455 | | |
5.125%, due 5/1/26 | | | | | 146,000 | | | | | | 143,810 | | |
5.375%, due 5/1/25‡ | | | | | 50,000 | | | | | | 50,062 | | |
5.750%, due 5/1/28‡ | | | | | 50,000 | | | | | | 50,562 | | |
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp. | | | | | | | | | | | | | |
4.625%, due 4/1/25 | | | | | 83,000 | | | | | | 80,510 | | |
4.875%, due 4/1/27 | | | | | 68,000 | | | | | | 65,790 | | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC | | | | | | | | | | | | | |
4.750%, due 6/1/27‡ | | | | | 94,000 | | | | | | 96,115 | | |
5.000%, due 6/1/24‡ | | | | | 110,000 | | | | | | 112,338 | | |
5.250%, due 6/1/26‡ | | | | | 108,000 | | | | | | 110,970 | | |
MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer, Inc. | | | | | | | | | | | | | |
4.500%, due 9/1/26 | | | | | 55,000 | | | | | | 52,250 | | |
5.625%, due 5/1/24 | | | | | 106,000 | | | | | | 107,458 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
5.750%, due 2/1/27 | | | | $ | 79,000 | | | | | $ | 79,099 | | |
MGM Resorts International | | | | | | | | | | | | | |
5.500%, due 4/15/27(a) | | | | | 63,000 | | | | | | 57,881 | | |
5.750%, due 6/15/25 | | | | | 69,000 | | | | | | 66,154 | | |
6.750%, due 5/1/25 | | | | | 75,000 | | | | | | 72,938 | | |
Panther BF Aggregator 2 LP / Panther Finance Co., Inc. | | | | | | | | | | | | | |
6.250%, due 5/15/26‡ | | | | | 106,000 | | | | | | 106,265 | | |
Penske Automotive Group, Inc. | | | | | | | | | | | | | |
5.500%, due 5/15/26 | | | | | 57,000 | | | | | | 52,440 | | |
PetSmart, Inc. | | | | | | | | | | | | | |
5.875%, due 6/1/25‡ | | | | | 100,000 | | | | | | 100,500 | | |
QVC, Inc. | | | | | | | | | | | | | |
4.750%, due 2/15/27 | | | | | 50,000 | | | | | | 45,375 | | |
Six Flags Theme Parks, Inc. | | | | | | | | | | | | | |
7.000%, due 7/1/25‡ | | | | | 75,000 | | | | | | 78,188 | | |
Tesla, Inc. | | | | | | | | | | | | | |
5.300%, due 8/15/25‡ | | | | | 165,000 | | | | | | 161,700 | | |
VICI Properties LP / VICI Note Co., Inc. | | | | | | | | | | | | | |
3.500%, due 2/15/25‡ | | | | | 73,000 | | | | | | 68,711 | | |
3.750%, due 2/15/27‡ | | | | | 78,000 | | | | | | 72,540 | | |
4.125%, due 8/15/30‡ | | | | | 102,000 | | | | | | 92,820 | | |
4.250%, due 12/1/26‡ | | | | | 141,000 | | | | | | 131,130 | | |
4.625%, due 12/1/29‡ | | | | | 82,000 | | | | | | 75,645 | | |
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. | | | | | | | | | | | | | |
5.250%, due 5/15/27‡ | | | | | 107,000 | | | | | | 91,218 | | |
Yum! Brands, Inc. | | | | | | | | | | | | | |
4.750%, due 1/15/30‡ | | | | | 87,000 | | | | | | 88,740 | | |
7.750%, due 4/1/25‡ | | | | | 50,000 | | | | | | 54,750 | | |
| | | | | | | | | | | 4,416,415 | | |
Consumer Staples — 8.6% | | ||||||||||||
B&G Foods, Inc. | | | | | | | | | | | | | |
5.250%, due 4/1/25 | | | | | 25,000 | | | | | | 25,312 | | |
5.250%, due 9/15/27 | | | | | 120,000 | | | | | | 121,800 | | |
Energizer Holdings, Inc. | | | | | | | | | | | | | |
5.500%, due 6/15/25‡ | | | | | 50,000 | | | | | | 50,750 | | |
6.375%, due 7/15/26‡ | | | | | 93,000 | | | | | | 95,557 | | |
7.750%, due 1/15/27‡ | | | | | 57,000 | | | | | | 60,420 | | |
JBS USA LUX SA / JBS USA Finance, Inc., (Brazil) | | | | | | | | | | | | | |
5.750%, due 6/15/25‡ | | | | | 90,000 | | | | | | 91,350 | | |
6.750%, due 2/15/28‡ | | | | | 135,000 | | | | | | 142,425 | | |
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | | | | | | | | | | | | | |
5.500%, due 1/15/30‡ | | | | | 136,000 | | | | | | 137,360 | | |
6.500%, due 4/15/29‡ | | | | | 110,000 | | | | | | 116,600 | | |
Kraft Heinz Foods Co. | | | | | | | | | | | | | |
3.000%, due 6/1/26 | | | | | 161,000 | | | | | | 160,081 | | |
3.500%, due 6/6/22 | | | | | 78,000 | | | | | | 80,524 | | |
3.500%, due 7/15/22 | | | | | 18,000 | | | | | | 18,404 | | |
3.750%, due 4/1/30‡ | | | | | 78,000 | | | | | | 79,173 | | |
3.950%, due 7/15/25 | | | | | 217,000 | | | | | | 227,296 | | |
4.000%, due 6/15/23 | | | | | 68,000 | | | | | | 70,538 | | |
4.375%, due 6/1/46 | | | | | 254,000 | | | | | | 240,906 | | |
4.625%, due 1/30/29 | | | | | 88,000 | | | | | | 92,040 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Consumer Staples (continued) | | ||||||||||||
4.625%, due 10/1/39‡ | | | | $ | 39,000 | | | | | $ | 38,494 | | |
4.875%, due 10/1/49‡ | | | | | 117,000 | | | | | | 115,256 | | |
5.000%, due 7/15/35 | | | | | 83,000 | | | | | | 88,816 | | |
5.000%, due 6/4/42 | | | | | 161,000 | | | | | | 162,389 | | |
5.200%, due 7/15/45 | | | | | 141,000 | | | | | | 144,589 | | |
Lamb Weston Holdings, Inc. | | | | | | | | | | | | | |
4.625%, due 11/1/24‡ | | | | | 81,000 | | | | | | 82,620 | | |
4.875%, due 11/1/26‡ | | | | | 95,000 | | | | | | 95,475 | | |
Mattel, Inc. | | | | | | | | | | | | | |
5.875%, due 12/15/27‡ | | | | | 50,000 | | | | | | 48,875 | | |
6.750%, due 12/31/25‡ | | | | | 160,000 | | | | | | 162,400 | | |
Newell Brands, Inc. | | | | | | | | | | | | | |
4.350%, due 4/1/23 | | | | | 141,000 | | | | | | 143,820 | | |
4.700%, due 4/1/26 | | | | | 173,000 | | | | | | 175,162 | | |
5.875%, due 4/1/36 | | | | | 49,000 | | | | | | 51,328 | | |
6.000%, due 4/1/46 | | | | | 86,000 | | | | | | 88,473 | | |
Performance Food Group, Inc. | | | | | | | | | | | | | |
5.500%, due 10/15/27‡ | | | | | 116,000 | | | | | | 109,620 | | |
Pilgrim’s Pride Corp. | | | | | | | | | | | | | |
5.750%, due 3/15/25‡ | | | | | 75,000 | | | | | | 75,750 | | |
5.875%, due 9/30/27‡ | | | | | 99,000 | | | | | | 100,856 | | |
Post Holdings, Inc. | | | | | | | | | | | | | |
4.625%, due 4/15/30‡ | | | | | 90,000 | | | | | | 88,200 | | |
5.000%, due 8/15/26‡ | | | | | 173,000 | | | | | | 172,351 | | |
5.500%, due 12/15/29‡ | | | | | 77,000 | | | | | | 77,385 | | |
5.625%, due 1/15/28‡ | | | | | 119,000 | | | | | | 121,083 | | |
5.750%, due 3/1/27‡ | | | | | 154,000 | | | | | | 157,658 | | |
Prestige Brands, Inc. | | | | | | | | | | | | | |
6.375%, due 3/1/24‡ | | | | | 50,000 | | | | | | 51,375 | | |
Spectrum Brands, Inc. | | | | | | | | | | | | | |
5.750%, due 7/15/25 | | | | | 100,000 | | | | | | 99,750 | | |
Tempur Sealy International, Inc. | | | | | | | | | | | | | |
5.500%, due 6/15/26 | | | | | 66,000 | | | | | | 63,360 | | |
5.625%, due 10/15/23 | | | | | 25,000 | | | | | | 24,625 | | |
Vector Group Ltd. | | | | | | | | | | | | | |
6.125%, due 2/1/25‡ | | | | | 80,000 | | | | | | 77,600 | | |
| | | | | | | | | | | 4,427,846 | | |
Energy — 2.4% | | ||||||||||||
AmeriGas Partners LP / AmeriGas Finance Corp. | | | | | | | | | | | | | |
5.500%, due 5/20/25 | | | | | 69,000 | | | | | | 69,690 | | |
5.625%, due 5/20/24 | | | | | 68,000 | | | | | | 69,360 | | |
5.750%, due 5/20/27 | | | | | 46,000 | | | | | | 46,805 | | |
5.875%, due 8/20/26 | | | | | 68,000 | | | | | | 69,530 | | |
Buckeye Partners LP | | | | | | | | | | | | | |
3.950%, due 12/1/26 | | | | | 73,000 | | | | | | 64,879 | | |
4.500%, due 3/1/28‡ | | | | | 29,000 | | | | | | 26,100 | | |
Cheniere Energy Partners LP | | | | | | | | | | | | | |
4.500%, due 10/1/29‡ | | | | | 125,000 | | | | | | 115,000 | | |
5.250%, due 10/1/25 | | | | | 172,000 | | | | | | 164,260 | | |
5.625%, due 10/1/26 | | | | | 125,000 | | | | | | 120,000 | | |
EQT Corp. | | | | | | | | | | | | | |
3.000%, due 10/1/22 | | | | | 75,000 | | | | | | 70,125 | | |
3.900%, due 10/1/27 | | | | | 125,000 | | | | | | 105,000 | | |
Springleaf Finance Corp. | | | | | | | | | | | | | |
8.250%, due 12/15/20 | | | | | 87,000 | | | | | | 87,544 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Energy (continued) | | ||||||||||||
Sunoco LP / Sunoco Finance Corp. | | | | | | | | | | | | | |
4.875%, due 1/15/23 | | | | $ | 110,000 | | | | | $ | 106,425 | | |
5.500%, due 2/15/26 | | | | | 80,000 | | | | | | 76,800 | | |
6.000%, due 4/15/27 | | | | | 65,000 | | | �� | | | 61,912 | | |
| | | | | | | | | | | 1,253,430 | | |
Financials — 3.9% | | ||||||||||||
CIT Group, Inc. | | | | | | | | | | | | | |
4.125%, due 3/9/21 | | | | | 62,000 | | | | | | 60,837 | | |
4.750%, due 2/16/24 | | | | | 56,000 | | | | | | 53,760 | | |
5.000%, due 8/15/22 | | | | | 116,000 | | | | | | 114,840 | | |
5.250%, due 3/7/25(a) | | | | | 52,000 | | | | | | 51,220 | | |
Icahn Enterprises LP / Icahn Enterprises Finance Corp. | | | | | | | | | | | | | |
4.750%, due 9/15/24 | | | | | 110,000 | | | | | | 103,400 | | |
5.250%, due 5/15/27 | | | | | 90,000 | | | | | | 85,500 | | |
6.250%, due 2/1/22 | | | | | 125,000 | | | | | | 125,000 | | |
6.250%, due 5/15/26 | | | | | 125,000 | | | | | | 122,812 | | |
6.375%, due 12/15/25 | | | | | 93,000 | | | | | | 91,605 | | |
6.750%, due 2/1/24 | | | | | 50,000 | | | | | | 50,000 | | |
LPL Holdings, Inc. | | | | | | | | | | | | | |
5.750%, due 9/15/25‡ | | | | | 85,000 | | | | | | 83,938 | | |
MSCI, Inc. | | | | | | | | | | | | | |
4.000%, due 11/15/29‡ | | | | | 101,000 | | | | | | 105,545 | | |
4.750%, due 8/1/26‡ | | | | | 56,000 | | | | | | 58,450 | | |
5.375%, due 5/15/27‡ | | | | | 51,000 | | | | | | 54,698 | | |
5.750%, due 8/15/25‡ | | | | | 80,000 | | | | | | 83,600 | | |
Navient Corp. | | | | | | | | | | | | | |
6.625%, due 7/26/21 | | | | | 80,000 | | | | | | 79,600 | | |
Quicken Loans, Inc. | | | | | | | | | | | | | |
5.250%, due 1/15/28‡ | | | | | 106,000 | | | | | | 103,660 | | |
5.750%, due 5/1/25‡ | | | | | 120,000 | | | | | | 117,441 | | |
Refinitiv US Holdings, Inc. | | | | | | | | | | | | | |
6.250%, due 5/15/26‡ | | | | | 120,000 | | | | | | 127,500 | | |
8.250%, due 11/15/26‡ | | | | | 170,000 | | | | | | 184,662 | | |
Springleaf Finance Corp. | | | | | | | | | | | | | |
6.125%, due 5/15/22 | | | | | 142,000 | | | | | | 140,225 | | |
| | | | | | | | | | | 1,998,293 | | |
Health Care — 14.9% | | ||||||||||||
Avantor, Inc. | | | | | | | | | | | | | |
6.000%, due 10/1/24‡ | | | | | 147,000 | | | | | | 154,350 | | |
9.000%, due 10/1/25‡ | | | | | 210,000 | | | | | | 227,850 | | |
Bausch Health Cos., Inc. | | | | | | | | | | | | | |
5.000%, due 1/30/28‡ | | | | | 127,000 | | | | | | 121,920 | | |
5.250%, due 1/30/30‡ | | | | | 146,000 | | | | | | 144,540 | | |
5.500%, due 11/1/25‡ | | | | | 199,000 | | | | | | 203,975 | | |
5.750%, due 8/15/27‡ | | | | | 60,000 | | | | | | 63,150 | | |
6.125%, due 4/15/25‡ | | | | | 375,000 | | | | | | 379,219 | | |
6.500%, due 3/15/22‡ | | | | | 235,000 | | | | | | 239,700 | | |
7.000%, due 3/15/24‡ | | | | | 40,000 | | | | | | 41,300 | | |
7.000%, due 1/15/28‡ | | | | | 75,000 | | | | | | 77,625 | | |
7.250%, due 5/30/29‡ | | | | | 75,000 | | | | | | 79,500 | | |
Centene Corp. | | | | | | | | | | | | | |
3.375%, due 2/15/30‡ | | | | | 150,000 | | | | | | 151,875 | | |
4.250%, due 12/15/27‡ | | | | | 273,000 | | | | | | 285,967 | | |
4.625%, due 12/15/29‡ | | | | | 370,000 | | | | | | 405,150 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Health Care (continued) | | ||||||||||||
4.750%, due 5/15/22 | | | | $ | 50,000 | | | | | $ | 50,500 | | |
4.750%, due 1/15/25 | | | | | 66,000 | | | | | | 67,815 | | |
4.750%, due 1/15/25‡ | | | | | 90,000 | | | | | | 92,475 | | |
5.250%, due 4/1/25‡ | | | | | 265,000 | | | | | | 273,612 | | |
5.375%, due 6/1/26‡ | | | | | 201,000 | | | | | | 212,306 | | |
Change Healthcare Holdings LLC / Change Healthcare Finance, Inc. | | | | | | | | | | | | | |
5.750%, due 3/1/25‡ | | | | | 140,000 | | | | | | 138,250 | | |
Charles River Laboratories International, Inc. | | | | ||||||||||
4.250%, due 5/1/28‡ | | | | | 57,000 | | | | | | 57,499 | | |
5.500%, due 4/1/26‡ | | | | | 44,000 | | | | | | 45,760 | | |
DaVita, Inc. | | | | | | | | | | | | | |
5.000%, due 5/1/25 | | | ��� | | 170,000 | | | | | | 172,125 | | |
5.125%, due 7/15/24 | | | | | 175,000 | | | | | | 177,625 | | |
Elanco Animal Health, Inc. | | | | | | | | | | | | | |
4.662%, due 8/27/21 | | | | | 32,000 | | | | | | 32,577 | | |
5.022%, due 8/28/23 | | | | | 57,000 | | | | | | 60,758 | | |
5.650%, due 8/28/28 | | | | | 92,000 | | | | | | 101,660 | | |
Encompass Health Corp. | | | | | | | | | | | | | |
4.500%, due 2/1/28 | | | | | 48,000 | | | | | | 48,000 | | |
4.750%, due 2/1/30 | | | | | 53,000 | | | | | | 53,000 | | |
HCA, Inc. | | | | | | | | | | | | | |
3.500%, due 9/1/30 | | | | | 285,000 | | | | | | 273,244 | | |
5.375%, due 2/1/25 | | | | | 234,000 | | | | | | 251,550 | | |
5.375%, due 9/1/26 | | | | | 109,000 | | | | | | 117,993 | | |
5.625%, due 9/1/28 | | | | | 171,000 | | | | | | 189,383 | | |
5.875%, due 5/1/23 | | | | | 132,000 | | | | | | 141,570 | | |
5.875%, due 2/15/26 | | | | | 174,000 | | | | | | 194,445 | | |
5.875%, due 2/1/29 | | | | | 102,000 | | | | | | 117,300 | | |
Hologic, Inc. | | | | | | | | | | | | | |
4.375%, due 10/15/25‡ | | | | | 116,000 | | | | | | 117,160 | | |
IQVIA, Inc. | | | | | | | | | | | | | |
5.000%, due 10/15/26‡ | | | | | 104,000 | | | | | | 107,120 | | |
5.000%, due 5/15/27‡ | | | | | 126,000 | | | | | | 129,465 | | |
Jaguar Holding Co. II / Pharmaceutical Product Development LLC | | | | | | | | | | | | | |
6.375%, due 8/1/23‡ | | | | | 115,000 | | | | | | 117,300 | | |
LifePoint Health, Inc. | | | | | | | | | | | | | |
4.375%, due 2/15/27‡ | | | | | 58,000 | | | | | | 54,230 | | |
6.750%, due 4/15/25‡ | | | | | 60,000 | | | | | | 61,800 | | |
Molina Healthcare, Inc. | | | | | | | | | | | | | |
5.375%, due 11/15/22 | | | | | 68,000 | | | | | | 70,295 | | |
Select Medical Corp. | | | | | | | | | | | | | |
6.250%, due 8/15/26‡ | | | | | 112,000 | | | | | | 106,960 | | |
Service Corp. International | | | | | | | | | | | | | |
4.625%, due 12/15/27 | | | | | 65,000 | | | | | | 66,138 | | |
5.125%, due 6/1/29 | | | | | 92,000 | | | | | | 95,680 | | |
Tenet Healthcare Corp. | | | | | | | | | | | | | |
4.625%, due 7/15/24 | | | | | 200,000 | | | | | | 197,250 | | |
4.625%, due 9/1/24‡ | | | | | 52,000 | | | | | | 51,090 | | |
4.875%, due 1/1/26‡ | | | | | 219,000 | | | | | | 216,810 | | |
5.125%, due 5/1/25 | | | | | 159,000 | | | | | | 148,665 | | |
5.125%, due 11/1/27‡ | | | | | 150,000 | | | | | | 147,375 | | |
6.250%, due 2/1/27‡ | �� | | | | 150,000 | | | | | | 147,750 | | |
7.500%, due 4/1/25‡ | | | | | 70,000 | | | | | | 75,250 | | |
8.125%, due 4/1/22 | | | | | 287,000 | | | | | | 288,435 | | |
| | | | | | | | | | | 7,644,341 | | |
|
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Industrials — 8.9% | | ||||||||||||
ADT Security Corp. (The) | | | | | | | | | | | | | |
3.500%, due 7/15/22 | | | | $ | 136,000 | | | | | $ | 133,280 | | |
4.875%, due 7/15/32‡ | | | | | 50,000 | | | | | | 44,000 | | |
AECOM | | | | | | | | | | | | | |
5.125%, due 3/15/27 | | | | | 105,000 | | | | | | 106,706 | | |
5.875%, due 10/15/24 | | | | | 85,000 | | | | | | 89,037 | | |
Allied Universal Holdco LLC / Allied Universal Finance Corp. | | | | | | | | | | | | | |
6.625%, due 7/15/26‡ | | | | | 140,000 | | | | | | 144,725 | | |
American Builders & Contractors Supply Co., Inc. | | | | | | | | | | | | | |
4.000%, due 1/15/28‡ | | | | | 77,000 | | | | | | 73,150 | | |
5.875%, due 5/15/26‡ | | | | | 47,000 | | | | | | 47,117 | | |
Aramark Services, Inc. | | | | | | | | | | | | | |
4.750%, due 6/1/26 | | | | | 53,000 | | | | | | 50,615 | | |
5.000%, due 4/1/25‡ | | | | | 68,000 | | | | | | 65,960 | | |
5.000%, due 2/1/28‡ | | | | | 104,000 | | | | | | 100,100 | | |
Beacon Roofing Supply, Inc. | | | | | | | | | | | | | |
4.875%, due 11/1/25‡ | | | | | 135,000 | | | | | | 118,800 | | |
Builders FirstSource, Inc. | | | | | | | | | | | | | |
5.000%, due 3/1/30‡ | | | | | 50,000 | | | | | | 43,250 | | |
6.750%, due 6/1/27‡ | | | | | 80,000 | | | | | | 82,800 | | |
Colfax Corp. | | | | | | | | | | | | | |
6.000%, due 2/15/24‡ | | | | | 69,000 | | | | | | 70,035 | | |
Dun & Bradstreet Corp. (The) | | | | | | | | | | | | | |
6.875%, due 8/15/26‡ | | | | | 72,000 | | | | | | 75,780 | | |
Griffon Corp. | | | | | | | | | | | | | |
5.750%, due 3/1/28 | | | | | 95,000 | | | | | | 90,250 | | |
Herc Holdings, Inc. | | | | | | | | | | | | | |
5.500%, due 7/15/27‡ | | | | | 136,000 | | | | | | 127,840 | | |
Iron Mountain, Inc. | | | | | | | | | | | | | |
4.375%, due 6/1/21‡ | | | | | 50,000 | | | | | | 50,000 | | |
4.875%, due 9/15/27‡ | | | | | 102,000 | | | | | | 99,450 | | |
4.875%, due 9/15/29‡ | | | | | 91,000 | | | | | | 87,132 | | |
5.250%, due 3/15/28‡ | | | | | 91,000 | | | | | | 88,952 | | |
5.750%, due 8/15/24 | | | | | 125,000 | | | | | | 123,125 | | |
Lennar Corp. | | | | | | | | | | | | | |
4.125%, due 1/15/22 | | | | | 78,000 | | | | | | 78,293 | | |
4.500%, due 4/30/24 | | | | | 68,000 | | | | | | 69,360 | | |
4.750%, due 4/1/21 | | | | | 33,000 | | | | | | 33,165 | | |
4.750%, due 5/30/25 | | | | | 55,000 | | | | | | 56,512 | | |
4.750%, due 11/29/27 | | | | | 102,000 | | | | | | 105,315 | | |
5.875%, due 11/15/24 | | | | | 30,000 | | | | | | 31,575 | | |
Prime Security Services Borrower LLC / Prime Finance, Inc. | | | | | | | | | | | | | |
5.250%, due 4/15/24‡ | | | | | 53,000 | | | | | | 51,874 | | |
5.750%, due 4/15/26‡ | | | | | 141,000 | | | | | | 138,709 | | |
PulteGroup, Inc. | | | | | | | | | | | | | |
4.250%, due 3/1/21 | | | | | 53,000 | | | | | | 53,596 | | |
5.000%, due 1/15/27 | | | | | 74,000 | | | | | | 76,775 | | |
5.500%, due 3/1/26 | | | | | 66,000 | | | | | | 70,208 | | |
Signature Aviation US Holdings, Inc. | | | | | | | | | | | | | |
4.000%, due 3/1/28‡ | | | | | 73,000 | | | | | | 62,780 | | |
5.375%, due 5/1/26‡ | | | | | 58,000 | | | | | | 53,505 | | |
Standard Industries, Inc. | | | | | | | | | | | | | |
4.750%, due 1/15/28‡ | | | | | 106,000 | | | | | | 104,410 | | |
5.000%, due 2/15/27‡ | | | | | 64,000 | | | | | | 64,160 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Industrials (continued) | | ||||||||||||
5.375%, due 11/15/24‡ | | | | $ | 110,000 | | | | | $ | 111,100 | | |
6.000%, due 10/15/25‡ | | | | | 114,000 | | | | | | 117,420 | | |
Summit Materials LLC / Summit Materials Finance Corp. | | | | | | | | | | | | | |
6.125%, due 7/15/23 | | | | | 70,000 | | | | | | 70,000 | | |
Taylor Morrison Communities, Inc. | | | | | | | | | | | | | |
5.875%, due 1/31/25‡ | | | | | 30,000 | | | | | | 27,750 | | |
Toll Brothers Finance Corp. | | | | | | | | | | | | | |
4.875%, due 3/15/27 | | | | | 36,000 | | | | | | 36,450 | | |
TransDigm, Inc. | | | | | | | | | | | | | |
6.250%, due 3/15/26‡ | | | | | 451,000 | | | | | | 440,853 | | |
TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. | | | | | | | | | | | | | |
5.875%, due 6/15/24 | | | | | 58,000 | | | | | | 57,275 | | |
United Rentals North America, Inc. | | | | | | | | | | | | | |
4.000%, due 7/15/30 | | | | | 65,000 | | | | | | 61,425 | | |
4.625%, due 10/15/25 | | | | | 90,000 | | | | | | 88,200 | | |
4.875%, due 1/15/28 | | | | | 196,000 | | | | | | 196,000 | | |
5.250%, due 1/15/30 | | | | | 82,000 | | | | | | 82,103 | | |
5.500%, due 5/15/27 | | | | | 122,000 | | | | | | 123,220 | | |
5.875%, due 9/15/26 | | | | | 97,000 | | | | | | 99,668 | | |
6.500%, due 12/15/26 | | | | | 82,000 | | | | | | 84,870 | | |
| | | | | | | | | | | 4,558,675 | | |
Information Technology — 4.5% | | ||||||||||||
CDK Global, Inc. | | | | | | | | | | | | | |
4.875%, due 6/1/27 | | | | | 65,000 | | | | | | 64,837 | | |
5.000%, due 10/15/24 | | | | | 66,000 | | | | | | 68,475 | | |
5.250%, due 5/15/29‡ | | | | | 52,000 | | | | | | 53,040 | | |
5.875%, due 6/15/26 | | | | | 36,000 | | | | | | 37,170 | | |
CDW LLC / CDW Finance Corp. | | | | | | | | | | | | | |
4.125%, due 5/1/25 | | | | | 60,000 | | | | | | 60,600 | | |
4.250%, due 4/1/28 | | | | | 57,000 | | | | | | 56,857 | | |
5.000%, due 9/1/25 | | | | | 54,000 | | | | | | 55,350 | | |
CommScope, Inc. | | | | | | | | | | | | | |
5.500%, due 3/1/24‡ | | | | | 118,000 | | | | | | 118,000 | | |
6.000%, due 3/1/26‡ | | | | | 161,000 | | | | | | 161,000 | | |
Dell International LLC / EMC Corp. | | | | | | | | | | | | | |
7.125%, due 6/15/24‡ | | | | | 185,000 | | | | | | 192,631 | | |
EMC Corp. | | | | | | | | | | | | | |
3.375%, due 6/1/23 | | | | | 99,000 | | | | | | 98,753 | | |
Match Group, Inc. | | | | | | | | | | | | | |
4.125%, due 8/1/30‡ | | | | | 54,000 | | | | | | 52,380 | | |
NCR Corp. | | | | | | | | | | | | | |
5.750%, due 9/1/27‡ | | | | | 52,000 | | | | | | 51,610 | | |
6.125%, due 9/1/29‡ | | | | | 54,000 | | | | | | 53,865 | | |
NortonLifeLock, Inc. | | | | | | | | | | | | | |
5.000%, due 4/15/25‡ | | | | | 119,000 | | | | | | 120,190 | | |
PTC, Inc. | | | | | | | | | | | | | |
3.625%, due 2/15/25‡ | | | | | 43,000 | | | | | | 42,463 | | |
4.000%, due 2/15/28‡ | | | | | 64,000 | | | | | | 62,720 | | |
Qorvo, Inc. | | | | | | | | | | | | | |
4.375%, due 10/15/29‡ | | | | | 58,000 | | | | | | 57,710 | | |
5.500%, due 7/15/26 | | | | | 92,000 | | | | | | 96,600 | | |
Sensata Technologies UK Financing Co. PLC | | | | | | | | | | | | | |
6.250%, due 2/15/26‡ | | | | | 83,000 | | | | | | 85,386 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
Sensata Technologies, Inc. | | | | | | | | | | | | | |
4.375%, due 2/15/30‡ | | | | $ | 39,000 | | | | | $ | 37,879 | | |
SS&C Technologies, Inc. | | | | | | | | | | | | | |
5.500%, due 9/30/27‡ | | | | | 210,000 | | | | | | 216,300 | | |
Western Digital Corp. | | | | | | | | | | | | | |
4.750%, due 2/15/26 | | | | | 237,000 | | | | | | 241,740 | | |
Xerox Corp. | | | | | | | | | | | | | |
4.125%, due 3/15/23 | | | | | 100,000 | | | | | | 99,500 | | |
4.500%, due 5/15/21 | | | | | 95,000 | | | | | | 95,000 | | |
| | | | | | | | | | | 2,280,056 | | |
Materials — 5.5% | | ||||||||||||
Alcoa Nederland Holding BV | | | | | | | | | | | | | |
6.125%, due 5/15/28‡ | | | | | 53,000 | | | | | | 51,344 | | |
6.750%, due 9/30/24‡ | | | | | 75,000 | | | | | | 75,000 | | |
7.000%, due 9/30/26‡ | | | | | 53,000 | | | | | | 52,602 | | |
Ball Corp. | | | | | | | | | | | | | |
4.000%, due 11/15/23 | | | | | 86,000 | | | | | | 88,580 | | |
4.875%, due 3/15/26 | | | | | 64,000 | | | | | | 68,800 | | |
5.250%, due 7/1/25 | | | | | 122,000 | | | | | | 134,352 | | |
Berry Global, Inc. | | | | | | | | | | | | | |
4.500%, due 2/15/26‡ | | | | | 49,000 | | | | | | 48,387 | | |
4.875%, due 7/15/26‡ | | | | | 152,000 | | | | | | 155,470 | | |
5.125%, due 7/15/23 | | | | | 50,000 | | | | | | 50,250 | | |
5.625%, due 7/15/27‡ | | | | | 57,000 | | | | | | 58,852 | | |
Crown Americas LLC / Crown Americas Capital Corp. IV | | | | | | | | | | | | | |
4.500%, due 1/15/23 | | | | | 101,000 | | | | | | 103,399 | | |
Crown Americas LLC / Crown Americas Capital Corp. VI | | | | | | | | | | | | | |
4.750%, due 2/1/26 | | | | | 102,000 | | | | | | 104,805 | | |
Freeport-McMoRan, Inc. | | | | | | | | | | | | | |
3.875%, due 3/15/23 | | | | | 194,000 | | | | | | 193,273 | | |
4.125%, due 3/1/28 | | | | | 50,000 | | | | | | 46,250 | | |
4.250%, due 3/1/30 | | | | | 40,000 | | | | | | 36,700 | | |
5.000%, due 9/1/27 | | | | | 67,000 | | | | | | 64,990 | | |
5.250%, due 9/1/29(a) | | | | | 67,000 | | | | | | 66,163 | | |
5.450%, due 3/15/43 | | | | | 215,000 | | | | | | 197,800 | | |
Graphic Packaging International LLC | | | | | | | | | | | | | |
3.500%, due 3/15/28‡ | | | | | 40,000 | | | | | | 38,200 | | |
Howmet Aerospace, Inc. | | | | | | | | | | | | | |
5.125%, due 10/1/24 | | | | | 140,000 | | | | | | 134,750 | | |
6.875%, due 5/1/25 | | | | | 125,000 | | | | | | 127,969 | | |
LABL Escrow Issuer LLC | | | | | | | | | | | | | |
6.750%, due 7/15/26‡ | | | | | 70,000 | | | | | | 70,350 | | |
Novelis Corp. | | | | | | | | | | | | | |
4.750%, due 1/30/30‡ | | | | | 181,000 | | | | | | 161,090 | | |
5.875%, due 9/30/26‡ | | | | | 144,000 | | | | | | 140,040 | | |
Olin Corp. | | | | | | | | | | | | | |
5.000%, due 2/1/30 | | | | | 54,000 | | | | | | 47,520 | | |
5.125%, due 9/15/27 | | | | | 56,000 | | | | | | 51,520 | | |
5.625%, due 8/1/29 | | | | | 92,000 | | | | | | 83,145 | | |
Owens-Brockway Glass Container, Inc. | | | | | | | | | | | | | |
5.875%, due 8/15/23‡(a) | | | | | 82,000 | | | | | | 84,870 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Materials (continued) | | ||||||||||||
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu | | | | | | | | | | | | | |
5.125%, due 7/15/23‡ | | | | $ | 175,000 | | | | | $ | 175,875 | | |
7.000%, due 7/15/24‡ | | | | | 70,000 | | | | | | 70,175 | | |
Sealed Air Corp. | | | | | | | | | | | | | |
4.000%, due 12/1/27‡ | | | | | 39,000 | | | | | | 38,415 | | |
| | | | | | | | | | | 2,820,936 | | |
Media — 13.4% | | ||||||||||||
AMC Networks, Inc. | | | | | | | | | | | | | |
4.750%, due 8/1/25(a) | | | | | 86,000 | | | | | | 78,905 | | |
5.000%, due 4/1/24 | | | | | 94,000 | | | | | | 89,300 | | |
CCO Holdings LLC / CCO Holdings Capital Corp. | | | | | | | | | | | | | |
4.000%, due 3/1/23‡ | | | | | 46,000 | | | | | | 46,000 | | |
4.500%, due 8/15/30‡ | | | | | 162,000 | | | | | | 163,215 | | |
4.500%, due 5/1/32‡ | | | | | 150,000 | | | | | | 148,875 | | |
4.750%, due 3/1/30‡ | | | | | 253,000 | | | | | | 258,060 | | |
5.000%, due 2/1/28‡ | | | | | 161,000 | | | | | | 165,427 | | |
5.125%, due 5/1/27‡ | | | | | 195,000 | | | | | | 202,312 | | |
5.375%, due 6/1/29‡ | | | | | 91,000 | | | | | | 96,005 | | |
5.500%, due 5/1/26‡ | | | | | 150,000 | | | | | | 155,625 | | |
5.750%, due 2/15/26‡ | | | | | 154,000 | | | | | | 160,545 | | |
5.875%, due 4/1/24‡ | | | | | 100,000 | | | | | | 102,750 | | |
Clear Channel Worldwide Holdings, Inc. | | | | | | | | | | | | | |
5.125%, due 8/15/27‡ | | | | | 116,000 | | | | | | 108,460 | | |
CSC Holdings LLC | | | | | | | | | | | | | |
5.250%, due 6/1/24 | | | | | 77,000 | | | | | | 80,561 | | |
5.375%, due 7/15/23‡ | | | | | 125,000 | | | | | | 126,250 | | |
5.375%, due 2/1/28‡ | | | | | 110,000 | | | | | | 114,125 | | |
5.500%, due 5/15/26‡ | | | | | 170,000 | | | | | | 175,100 | | |
5.500%, due 4/15/27‡ | | | | | 138,000 | | | | | | 142,485 | | |
5.750%, due 1/15/30‡ | | | | | 243,000 | | | | | | 252,720 | | |
6.500%, due 2/1/29‡ | | | | | 189,000 | | | | | | 205,537 | | |
6.625%, due 10/15/25‡ | | | | | 85,000 | | | | | | 88,187 | | |
6.750%, due 11/15/21 | | | | | 98,000 | | | | | | 102,165 | | |
7.500%, due 4/1/28‡ | | | | | 116,000 | | | | | | 127,020 | | |
DISH DBS Corp. | | | | | | | | | | | | | |
5.000%, due 3/15/23 | | | | | 144,000 | | | | | | 136,440 | | |
5.875%, due 7/15/22 | | | | | 224,000 | | | | | | 224,560 | | |
6.750%, due 6/1/21 | | | | | 219,000 | | | | | | 219,000 | | |
Gray Television, Inc. | | | | | | | | | | | | | |
5.125%, due 10/15/24‡ | | | | | 55,000 | | | | | | 54,037 | | |
5.875%, due 7/15/26‡ | | | | | 78,000 | | | | | | 75,465 | | |
7.000%, due 5/15/27‡ | | | | | 77,000 | | | | | | 77,577 | | |
iHeartCommunications, Inc. | | | | | | | | | | | | | |
4.750%, due 1/15/28‡ | | | | | 57,000 | | | | | | 49,875 | | |
5.250%, due 8/15/27‡ | | | | | 92,000 | | | | | | 83,720 | | |
Lamar Media Corp. | | | | | | | | | | | | | |
3.750%, due 2/15/28‡ | | | | | 58,000 | | | | | | 53,360 | | |
5.750%, due 2/1/26 | | | | | 82,000 | | | | | | 83,435 | | |
Live Nation Entertainment, Inc. | | | | | | | | | | | | | |
4.750%, due 10/15/27‡ | | | | | 96,000 | | | | | | 81,360 | | |
Netflix, Inc. | | | | | | | | | | | | | |
4.375%, due 11/15/26 | | | | | 124,000 | | | | | | 129,890 | | |
4.875%, due 4/15/28 | | | | | 100,000 | | | | | | 106,500 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Media (continued) | | ||||||||||||
4.875%, due 6/15/30‡(a) | | | | | 121,000 | | | | | | 129,167 | | |
5.375%, due 11/15/29‡ | | | | | 106,000 | | | | | | 116,600 | | |
5.500%, due 2/15/22 | | | | | 79,000 | | | | | | 81,962 | | |
5.875%, due 2/15/25 | | | | $ | 72,000 | | | | | $ | 79,020 | | |
5.875%, due 11/15/28 | | | | | 194,000 | | | | | | 218,250 | | |
6.375%, due 5/15/29 | | | | | 101,000 | | | | | | 117,413 | | |
Nexstar Broadcasting, Inc. | | | | | | | | | | | | | |
5.625%, due 8/1/24‡ | | | | | 50,000 | | | | | | 48,500 | | |
5.625%, due 7/15/27‡ | | | | | 199,000 | | | | | | 189,050 | | |
Nielsen Co. Luxembourg SARL (The) | | | | | | | | | | | | | |
5.000%, due 2/1/25‡(a) | | | | | 49,000 | | | | | | 46,918 | | |
Nielsen Finance LLC / Nielsen Finance Co. | | | | | | | | | | | | | |
5.000%, due 4/15/22‡ | | | | | 235,000 | | | | | | 230,888 | | |
Outfront Media Capital LLC / Outfront Media Capital Corp. | | | | | | | | | | | | | |
4.625%, due 3/15/30‡ | | | | | 53,000 | | | | | | 48,628 | | |
5.000%, due 8/15/27‡ | | | | | 57,000 | | | | | | 54,008 | | |
Sirius XM Radio, Inc. | | | | | | | | | | | | | |
3.875%, due 8/1/22‡ | | | | | 154,000 | | | | | | 154,963 | | |
4.625%, due 7/15/24‡ | | | | | 185,000 | | | | | | 187,775 | | |
5.000%, due 8/1/27‡ | | | | | 169,000 | | | | | | 172,803 | | |
5.375%, due 7/15/26‡ | | | | | 109,000 | | | | | | 111,725 | | |
5.500%, due 7/1/29‡ | | | | | 146,000 | | | | | | 152,935 | | |
TEGNA, Inc. | | | | | | | | | | | | | |
4.625%, due 3/15/28‡ | | | | | 87,000 | | | | | | 77,648 | | |
5.000%, due 9/15/29‡ | | | | | 111,000 | | | | | | 98,790 | | |
| | | | | | | | | | | 6,881,891 | | |
Real Estate — 0.7% | | ||||||||||||
ESH Hospitality, Inc. | | | | | | | | | | | | | |
4.625%, due 10/1/27‡ | | | | | 70,000 | | | | | | 63,350 | | |
5.250%, due 5/1/25‡ | | | | | 135,000 | | | | | | 126,900 | | |
Howard Hughes Corp. (The) | | | | | | | | | | | | | |
5.375%, due 3/15/25‡ | | | | | 97,000 | | | | | | 94,090 | | |
Ryman Hospitality Properties, Inc. | | | | | | | | | | | | | |
4.750%, due 10/15/27‡ | | | | | 75,000 | | | | | | 65,250 | | |
| | | | | | | | | | | 349,590 | | |
Telecommunication Services — 10.4% | | ||||||||||||
CenturyLink, Inc. | | | | | | | | | | | | | |
4.000%, due 2/15/27‡ | | | | | 137,000 | | | | | | 133,575 | | |
5.125%, due 12/15/26‡ | | | | | 131,000 | | | | | | 125,269 | | |
5.625%, due 4/1/25 | | | | | 57,000 | | | | | | 57,000 | | |
5.800%, due 3/15/22 | | | | | 94,000 | | | | | | 96,115 | | |
6.450%, due 6/15/21 | | | | | 144,000 | | | | | | 147,060 | | |
7.500%, due 4/1/24 | | | | | 121,000 | | | | | | 131,285 | | |
Hughes Satellite Systems Corp. | | | | | | | | | | | | | |
6.625%, due 8/1/26 | | | | | 78,000 | | | | | | 83,460 | | |
LCPR Senior Secured Financing DAC, (Puerto Rico) | | | | | | | | | | | | | |
6.750%, due 10/15/27‡ | | | | | 125,000 | | | | | | 131,094 | | |
Level 3 Financing, Inc. | | | | | | | | | | | | | |
4.625%, due 9/15/27‡ | | | | | 96,000 | | | | | | 95,760 | | |
5.125%, due 5/1/23 | | | | | 100,000 | | | | | | 100,000 | | |
5.250%, due 3/15/26 | | | | | 101,000 | | | | | | 103,525 | | |
5.375%, due 1/15/24 | | | | | 125,000 | | | | | | 125,937 | | |
5.375%, due 5/1/25 | | | | | 75,000 | | | | | | 76,125 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Telecommunication Services (continued) | | ||||||||||||
SBA Communications Corp. | | | | | | | | | | | | | |
3.875%, due 2/15/27‡ | | | | | 92,000 | | | | | | 93,840 | | |
4.000%, due 10/1/22 | | | | | 53,000 | | | | | | 53,265 | | |
4.875%, due 9/1/24 | | | | $ | 132,000 | | | | | $ | 135,960 | | |
Sprint Capital Corp. | | | | | | | | | | | | | |
6.875%, due 11/15/28 | | | | | 223,000 | | | | | | 268,715 | | |
8.750%, due 3/15/32 | | | | | 224,000 | | | | | | 315,280 | | |
Sprint Communications, Inc. | | | | | | | | | | | | | |
6.000%, due 11/15/22 | | | | | 204,000 | | | | | | 215,730 | | |
Sprint Corp. | | | | | | | | | | | | | |
7.125%, due 6/15/24 | | | | | 338,000 | | | | | | 379,405 | | |
7.250%, due 9/15/21 | | | | | 236,000 | | | | | | 247,505 | | |
7.625%, due 2/15/25 | | | | | 161,000 | | | | | | 185,552 | | |
7.625%, due 3/1/26 | | | | | 161,000 | | | | | | 189,175 | | |
7.875%, due 9/15/23 | | | | | 399,000 | | | | | | 448,376 | | |
T-Mobile USA, Inc. | | | | | | | | | | | | | |
4.000%, due 4/15/22 | | | | | 50,000 | | | | | | 51,063 | | |
4.500%, due 2/1/26 | | | | | 89,000 | | | | | | 91,225 | | |
4.750%, due 2/1/28 | | | | | 141,000 | | | | | | 147,874 | | |
5.125%, due 4/15/25 | | | | | 50,000 | | | | | | 51,000 | | |
5.375%, due 4/15/27 | | | | | 53,000 | | | | | | 56,048 | | |
6.000%, due 4/15/24 | | | | | 115,000 | | | | | | 117,012 | | |
6.375%, due 3/1/25 | | | | | 225,000 | | | | | | 231,187 | | |
6.500%, due 1/15/24 | | | | | 100,000 | | | | | | 102,000 | | |
6.500%, due 1/15/26 | | | | | 171,000 | | | | | | 180,191 | | |
ViaSat, Inc. | | | | | | | | | | | | | |
5.625%, due 9/15/25‡ | | | | | 60,000 | | | | | | 56,550 | | |
5.625%, due 4/15/27‡ | | | | | 68,000 | | | | | | 67,320 | | |
Zayo Group Holdings, Inc. | | | | | | | | | | | | | |
4.000%, due 3/1/27‡ | | | | | 135,000 | | | | | | 130,613 | | |
6.125%, due 3/1/28‡ | | | | | 105,000 | | | | | | 98,700 | | |
| | | | | | | | | | | 5,319,791 | | |
Transportation — 0.4% | | ||||||||||||
Delta Air Lines, Inc. | | | | | | | | | | | | | |
2.600%, due 12/4/20 | | | | | 45,000 | | | | | | 43,088 | | |
XPO Logistics, Inc. | | | | | | | | | | | | | |
6.125%, due 9/1/23‡ | | | | | 40,000 | | | | | | 40,100 | | |
6.750%, due 8/15/24‡ | | | | | 101,000 | | | | | | 103,020 | | |
| | | | | | | | | | | 186,208 | | |
Utilities — 4.1% | | ||||||||||||
AES Corp. | | | | | | | | | | | | | |
4.000%, due 3/15/21 | | | | | 41,000 | | | | | | 40,897 | | |
4.500%, due 3/15/23 | | | | | 59,000 | | | | | | 59,000 | | |
5.125%, due 9/1/27 | | | | | 55,000 | | | | | | 57,131 | | |
6.000%, due 5/15/26 | | | | | 60,000 | | | | | | 63,000 | | |
Calpine Corp. | | | | | | | | | | | | | |
4.500%, due 2/15/28‡ | | | | | 146,000 | | | | | | 141,255 | | |
5.125%, due 3/15/28‡ | | | | | 135,000 | | | | | | 131,625 | | |
5.250%, due 6/1/26‡ | | | | | 116,000 | | | | | | 117,740 | | |
5.750%, due 1/15/25 | | | | | 125,000 | | | | | | 125,312 | | |
Clearway Energy Operating LLC | | | | | | | | | | | | | |
4.750%, due 3/15/28‡ | | | | | 73,000 | | | | | | 74,277 | | |
5.750%, due 10/15/25 | | | | | 40,000 | | | | | | 41,500 | | |
| | | Principal Amount | | | Value | | ||||||
Corporate Bonds (continued) | | ||||||||||||
Utilities (continued) | | ||||||||||||
NextEra Energy Operating Partners LP | | | | | | | | | | | | | |
3.875%, due 10/15/26‡ | | | | | 57,000 | | | | | | 56,091 | | |
4.250%, due 7/15/24‡ | | | | | 98,000 | | | | | | 98,980 | | |
4.250%, due 9/15/24‡ | | | | | 40,000 | | | | | | 40,600 | | |
4.500%, due 9/15/27‡ | | | | | 60,000 | | | | | | 61,575 | | |
NRG Energy, Inc. | | | | | | | | | | | | | |
5.250%, due 6/15/29‡ | | | | $ | 92,000 | | | | | $ | 98,555 | | |
5.750%, due 1/15/28 | | | | | 127,000 | | | | | | 136,525 | | |
6.625%, due 1/15/27 | | | | | 67,000 | | | | | | 71,522 | | |
7.250%, due 5/15/26 | | | | | 98,000 | | | | | | 105,350 | | |
TerraForm Power Operating LLC | | | | | | | | | | | | | |
4.250%, due 1/31/23‡ | | | | | 62,000 | | | | | | 63,550 | | |
4.750%, due 1/15/30‡ | | | | | 63,000 | | | | | | 64,418 | | |
5.000%, due 1/31/28‡ | | | | | 65,000 | | | | | | 68,169 | | |
Vistra Operations Co. LLC | | | | | | | | | | | | | |
5.000%, due 7/31/27‡ | | | | | 135,000 | | | | | | 137,363 | | |
5.500%, due 9/1/26‡ | | | | | 121,000 | | | | | | 124,328 | | |
5.625%, due 2/15/27‡ | | | | | 127,000 | | | | | | 131,763 | | |
| | | | | | | | | | | 2,110,526 | | |
Total Corporate Bonds (Cost $44,768,309) | | | | | | | | | | | 44,247,998 | | |
Foreign Bonds — 11.4% | | ||||||||||||
Consumer Discretionary — 2.3% | | ||||||||||||
1011778 BC ULC / New Red Finance, Inc., (Canada) | | | | | | | | | | | | | |
3.875%, due 1/15/28‡ | | | | | 102,000 | | | | | | 98,430 | | |
4.250%, due 5/15/24‡ | | | | | 157,000 | | | | | | 156,607 | | |
4.375%, due 1/15/28‡ | | | | | 43,000 | | | | | | 41,871 | | |
5.000%, due 10/15/25‡ | | | | | 299,000 | | | | | | 299,748 | | |
5.750%, due 4/15/25‡ | | | | | 50,000 | | | | | | 52,750 | | |
Fiat Chrysler Automobiles NV, (United Kingdom) | | | | | | | | | | | | | |
5.250%, due 4/15/23 | | | | | 166,000 | | | | | | 165,170 | | |
Parkland Fuel Corp., (Canada) | | | | | | | | | | | | | |
5.875%, due 7/15/27‡ | | | | | 52,000 | | | | | | 49,790 | | |
6.000%, due 4/1/26‡ | | | | | 54,000 | | | | | | 52,448 | | |
Stars Group Holdings BV / Stars Group US Co.-Borrower LLC, (Canada) | | | | | | | | | | | | | |
7.000%, due 7/15/26‡ | | | | | 105,000 | | | | | | 108,281 | | |
ZF North America Capital, Inc., (Germany) | | | | | | | | | | | | | |
4.500%, due 4/29/22‡ | | | | | 65,000 | | | | | | 65,325 | | |
4.750%, due 4/29/25‡ | | | | | 115,000 | | | | | | 106,663 | | |
| | | | | | | | | | | 1,197,083 | | |
Industrials — 0.4% | | ||||||||||||
Brookfield Residential Properties, Inc. / Brookfield Residential US Corp., (Canada) | | | | | | | | | | | | | |
4.875%, due 2/15/30‡ | | | | | 35,000 | | | | | | 28,875 | | |
Garda World Security Corp., (Canada) | | | | | | | | | | | | | |
4.625%, due 2/15/27‡ | | | | | 54,000 | | | | | | 52,650 | | |
GFL Environmental, Inc., (Canada) | | | | | | | | | | | | | |
5.125%, due 12/15/26‡ | | | | | 38,000 | | | | | | 39,425 | | |
7.000%, due 6/1/26‡ | | | | | 45,000 | | | | | | 47,250 | | |
| | | Principal Amount | | | Value | | ||||||
Foreign Bonds (continued) | | ||||||||||||
Industrials (continued) | | ||||||||||||
Mattamy Group Corp., (Canada) | | | | | | | | | | | | | |
5.250%, due 12/15/27‡ | | | | | 53,000 | | | | | | 49,687 | | |
| | | | | | | | | | | 217,887 | | |
Information Technology — 0.9% | | ||||||||||||
Nokia OYJ, (Finland) | | | | | | | | | | | | | |
3.375%, due 6/12/22 | | | | $ | 41,000 | | | | | $ | 41,154 | | |
4.375%, due 6/12/27 | | | | | 48,000 | | | | | | 48,480 | | |
Open Text Corp., (Canada) | | | | | | | | | | | | | |
3.875%, due 2/15/28‡ | | | | | 108,000 | | | | | | 104,760 | | |
5.875%, due 6/1/26‡ | | | | | 75,000 | | | | | | 77,813 | | |
Open Text Holdings, Inc., (Canada) | | | | | | | | | | | | | |
4.125%, due 2/15/30‡ | | | | | 92,000 | | | | | | 89,470 | | |
Telefonaktiebolaget LM Ericsson, (Sweden) | | | | | | | | | | | | | |
4.125%, due 5/15/22 | | | | | 118,000 | | | | | | 122,277 | | |
| | | | | | | | | | | 483,954 | | |
Materials — 1.9% | | ||||||||||||
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., (Ireland) | | | | | | | | | | | | | |
4.125%, due 8/15/26‡ | | | | | 33,000 | | | | | | 32,175 | | |
4.250%, due 9/15/22‡(a) | | | | | 70,000 | | | | | | 70,262 | | |
5.250%, due 4/30/25‡ | | | | | 70,000 | | | | | | 71,663 | | |
5.250%, due 8/15/27‡ | | | | | 102,000 | | | | | | 99,067 | | |
6.000%, due 2/15/25‡ | | | | | 165,000 | | | | | | 164,175 | | |
FMG Resources August 2006 Pty Ltd., (Australia) | | | | | | | | | | | | | |
4.500%, due 9/15/27‡ | | | | | 72,000 | | | | | | 70,200 | | |
4.750%, due 5/15/22‡ | | | | | 104,000 | | | | | | 104,130 | | |
5.125%, due 3/15/23‡ | | | | | 25,000 | | | | | | 25,219 | | |
5.125%, due 5/15/24‡ | | | | | 68,000 | | | | | | 68,850 | | |
OCI NV, (Netherlands) | | | | | | | | | | | | | |
5.250%, due 11/1/24‡ | | | | | 72,000 | | | | | | 71,640 | | |
6.625%, due 4/15/23‡ | | | | | 65,000 | | | | | | 65,731 | | |
Trivium Packaging Finance BV, (Netherlands) | | | | | | | | | | | | | |
5.500%, due 8/15/26‡ | | | | | 110,000 | | | | | | 112,750 | | |
| | | | | | | | | | | 955,862 | | |
Media — 1.7% | | ||||||||||||
Telenet Finance Luxembourg Notes SARL, (Belgium) | | | | | | | | | | | | | |
5.500%, due 3/1/28‡ | | | | | 200,000 | | | | | | 204,000 | | |
Videotron Ltd., (Canada) | | | | | | | | | | | | | |
5.125%, due 4/15/27‡ | | | | | 66,000 | | | | | | 68,970 | | |
Virgin Media Secured Finance PLC, (United Kingdom) | | | | | | | | | | | | | |
5.500%, due 8/15/26‡ | | | | | 47,000 | | | | | | 48,762 | | |
5.500%, due 5/15/29‡ | | | | | 155,000 | | | | | | 161,588 | | |
Ziggo Bond Co. BV, (Netherlands) | | | | | | | | | | | | | |
6.000%, due 1/15/27‡ | | | | | 78,000 | | | | | | 78,195 | | |
Ziggo BV, (Netherlands) | | | | | | | | | | | | | |
4.875%, due 1/15/30‡ | | | | | 57,000 | | | | | | 56,430 | | |
5.500%, due 1/15/27‡ | | | | | 226,000 | | | | | | 229,108 | | |
| | | | | | | | | | | 847,053 | | |
|
| | | Principal Amount | | | Value | | ||||||
Foreign Bonds (continued) | | ||||||||||||
Telecommunication Services — 4.1% | | ||||||||||||
Altice Financing SA, (France) | | | | | | | | | | | | | |
5.000%, due 1/15/28‡ | | | | | 115,000 | | | | | | 111,406 | | |
7.500%, due 5/15/26‡ | | | | | 305,000 | | | | | | 317,962 | | |
Altice France Holding SA, (France) | | | | | | | | | | | | | |
6.000%, due 2/15/28‡ | | | | $ | 120,000 | | | | | $ | 108,900 | | |
Altice France SA, (France) | | | | | | | | | | | | | |
5.500%, due 1/15/28‡ | | | | | 122,000 | | | | | | 122,915 | | |
7.375%, due 5/1/26‡ | | | | | 500,000 | | | | | | 525,000 | | |
8.125%, due 2/1/27‡ | | | | | 200,000 | | | | | | 216,000 | | |
C&W Senior Financing DAC, (United Kingdom) | | | | | | | | | | | | | |
6.875%, due 9/15/27‡ | | | | | 125,000 | | | | | | 123,437 | | |
Intelsat Jackson Holdings SA, (Luxembourg) | | | | | | | | | | | | | |
9.500%, due 9/30/22‡ | | | | | 53,000 | | | | | | 58,830 | | |
Telecom Italia Capital SA, (Italy) | | | | | | | | | | | | | |
6.000%, due 9/30/34 | | | | | 107,000 | | | | | | 110,611 | | |
7.200%, due 7/18/36 | | | | | 92,000 | | | | | | 102,005 | | |
7.721%, due 6/4/38 | | | | | 122,000 | | | | | | 140,453 | | |
Telecom Italia SpA, (Italy) | | | | | | | | | | | | | |
5.303%, due 5/30/24‡ | | | | | 170,000 | | | | | | 175,738 | | |
| | | | | | | | | | | 2,113,257 | | |
Utilities — 0.1% | | ||||||||||||
Mattamy Group Corp., (Canada) | | | | | | | | | | | | | |
4.625%, due 3/1/30‡ | | | | | 40,000 | | | | | | 35,800 | | |
Total Foreign Bonds (Cost $5,892,985) | | | | | | | | | | | 5,850,896 | | |
|
| | | Shares | | | | | | | | |||
Short-Term Investments — 2.2% | | | | | | | | | | | | | |
Money Market Funds — 2.2% | | | | | | | | | | | | | |
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 0.20%(b) | | | | | 745,070 | | | | | | 745,070 | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 400,640 | | | | | | 400,640 | | |
Total Short-Term Investments (Cost $1,145,710) | | | | | | | | | | | 1,145,710 | | |
Total Investments — 99.9% (Cost $51,807,004) | | | | | | | | | | | 51,244,604 | | |
Other Assets and Liabilities, Net — 0.1% | | | | | | | | | | | 50,114 | | |
Net Assets — 100.0% | | | | | | | | | | $ | 51,294,718 | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate Bonds | | | | $ | — | | | | | $ | 44,247,998 | | | | | $ | — | | | | | $ | 44,247,998 | | |
Foreign Bonds | | | | | — | | | | | | 5,850,896 | | | | | | — | | | | | | 5,850,896 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,145,710 | | | | | | — | | | | | | — | | | | | | 1,145,710 | | |
Total Investments in Securities | | | | $ | 1,145,710 | | | | | $ | 50,098,894 | | | | | $ | — | | | | | $ | 51,244,604 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 81.6% | | ||||||||||||
Communication Services — 2.0% | | ||||||||||||
Cincinnati Bell, Inc.* | | | | | 650,634 | | | | | $ | 9,531,788 | | |
Cineplex, Inc.* | | | | | 228,550 | | | | | | 2,738,092 | | |
Meet Group, Inc. (The)* | | | | | 401,195 | | | | | | 2,475,373 | | |
Total Communication Services | | | | | | | | | | | 14,745,253 | | |
Consumer Discretionary — 17.8% | | ||||||||||||
Delphi Technologies PLC*(a) | | | | | 2,508,135 | | | | | | 25,056,269 | | |
Fiat Chrysler Automobiles NV* | | | | | 3,902,613 | | | | | | 34,264,644 | | |
Keihin Corp.* | | | | | 188,055 | | | | | | 4,496,719 | | |
Li & Fung Ltd.* | | | | | 35,240,786 | | | | | | 5,318,609 | | |
Nissin Kogyo Co., Ltd.* | | | | | 158,434 | | | | | | 3,295,060 | | |
Stars Group, Inc. (The)* | | | | | 98,929 | | | | | | 2,765,696 | | |
Tiffany & Co.*(b) | | | | | 422,879 | | | | | | 53,494,193 | | |
Total Consumer Discretionary | | | | | | | | | | | 128,691,190 | | |
Consumer Staples — 0.2% | | ||||||||||||
Craft Brew Alliance, Inc.*(a) | | | | | 81,503 | | | | | | 1,230,695 | | |
Financials — 24.6% | | ||||||||||||
Carolina Financial Corp.* | | | | | 53,314 | | | | | | 1,803,612 | | |
CenterState Bank Corp. | | | | | 709,545 | | | | | | 12,338,987 | | |
E*TRADE Financial Corp.(b) | | | | | 921,380 | | | | | | 37,417,242 | | |
Franklin Financial Network, Inc. | | | | | 75,583 | | | | | | 1,792,829 | | |
IBERIABANK Corp.* | | | | | 125,893 | | | | | | 5,219,524 | | |
Legg Mason, Inc. | | | | | 719,752 | | | | | | 35,865,242 | | |
TD Ameritrade Holding Corp. | | | | | 899,055 | | | | | | 35,305,890 | | |
Texas Capital Bancshares, Inc.* | | | | | 208,878 | | | | | | 5,802,631 | | |
Unione di Banche Italiane SpA* | | | | | 2,168,716 | | | | | | 6,197,404 | | |
Willis Towers Watson PLC* | | | | | 200,996 | | | | | | 35,835,577 | | |
Total Financials | | | | | | | | | | | 177,578,938 | | |
Health Care — 5.7% | | ||||||||||||
Metlifecare Ltd.* | | | | | 865,552 | | | | | | 2,237,470 | | |
Progenics Pharmaceuticals, Inc.* | | | | | 496,746 | | | | | | 1,957,179 | | |
QIAGEN NV* | | | | | 323,099 | | | | | | 13,469,997 | | |
Wright Medical Group NV*(a) | | | | | 801,836 | | | | | | 23,349,464 | | |
Total Health Care | | | | | | | | | | | 41,014,110 | | |
Industrials — 6.3% | | ||||||||||||
Advanced Disposal Services, Inc.* | | | | | 699,224 | | | | | | 22,549,974 | | |
Hexcel Corp.* | | | | | 459,200 | | | | | | 15,883,728 | | |
Mobile Mini, Inc. | | | | | 92,582 | | | | | | 2,645,068 | | |
Navistar International Corp.* | | | | | 201,955 | | | | | | 4,800,470 | | |
Total Industrials | | | | | | | | | | | 45,879,240 | | |
Information Technology — 19.1% | | ||||||||||||
Acacia Communications, Inc.*(a) | | | | | 178,418 | | | | | | 12,077,114 | | |
Adesto Technologies Corp.*(a) | | | | | 247,522 | | | | | | 2,933,136 | | |
Anixter International, Inc.* | | | | | 120,460 | | | | | | 11,185,916 | | |
Fitbit, Inc., Class A* | | | | | 2,628,990 | | | | | | 17,587,943 | | |
ForeScout Technologies, Inc.*(a) | | | | | 364,368 | | | | | | 11,572,328 | | |
Ingenico Group SA* | | | | | 57,263 | | | | | | 7,194,002 | | |
Isra Vision AG* | | | | | 28,623 | | | | | | 1,564,403 | | |
KEMET Corp.* | | | | | 394,131 | | | | | | 10,645,478 | | |
LogMeIn, Inc.* | | | | | 272,877 | | | | | | 23,320,068 | | |
Tech Data Corp.* | | | | | 239,991 | | | | | | 33,752,334 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
TiVo Corp.* | | | | | 946,618 | | | | | $ | 6,654,725 | | |
Total Information Technology | | | | | | | | | | | 138,487,447 | | |
Real Estate — 3.7% | | ||||||||||||
CapitaLand Commercial Trust* | | | | | 4,277,480 | | | | | | 4,892,195 | | |
Northview Apartment Real Estate Investment Trust, Class Trust Unit*(a) | | | | | 133,809 | | | | | | 3,391,106 | | |
Taubman Centers, Inc.* | | | | | 422,824 | | | | | | 18,223,714 | | |
Total Real Estate | | | | | | | | | | | 26,507,015 | | |
Utilities — 2.2% | | ||||||||||||
El Paso Electric Co.* | | | | | 237,880 | | | | | | 16,175,840 | | |
Total Common Stocks | | ||||||||||||
(Cost $667,977,027) | | | | | | | | | | | 590,309,728 | | |
Investment Companies — 5.1% | | ||||||||||||
U.S. Ultra Short Term Bond Funds — 5.1% | | ||||||||||||
iShares Short Treasury Bond ETF | | | | | 309,938 | | | | | | 34,375,224 | | |
IQ Ultra Short Duration ETF† | | | | | 59,392 | | | | | | 2,936,934 | | |
Total Investment Companies (Cost $37,300,732) | | | | | | | | | | | 37,312,158 | | |
Short-Term Investments — 12.7% | | ||||||||||||
Money Market Funds — 12.7% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(c)(d) | | | | | 14,289,956 | | | | | | 14,289,956 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(c) | | | | | 77,768,188 | | | | | | 77,768,188 | | |
Total Short-Term Investments (Cost $92,058,144) | | | | | | | | | | | 92,058,144 | | |
Total Investments — 99.4% (Cost $797,335,903) | | | | | | | | | | | 719,680,030 | | |
Other Assets and Liabilities, Net — 0.6% | | | | | | | | | | | 3,901,744 | | |
Net Assets — 100.0% | | | | | | | | | | $ | 723,581,774 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(e) | | ||||||||||||
Consumer Discretionary Select Sector SPDR Fund | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | $ | (10,400,603) | | | | | $ | — | | |
Consumer Discretionary Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.01) | | | | | | 2/02/2022 | | | | Monthly | | | | | (10,400,603) | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | | (18,656,760) | | | | | | — | | |
Financial Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.31) | | | | | | 2/02/2022 | | | | Monthly | | | | | (18,656,760) | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | | (1,016,847) | | | | | | — | | |
Health Care Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.06) | | | | | | 2/02/2022 | | | | Monthly | | | | | (1,016,847) | | | | | | — | | |
Industrial Select Sector SPDR Fund | | | Morgan Stanley | | | | | (0.11) | | | | | | 2/02/2022 | | | | Monthly | | | | | (15,453,035) | | | | | | — | | |
iShares MSCI Pacific ex Japan ETF | | | Morgan Stanley | | | | | (3.30) | | | | | | 2/02/2022 | | | | Monthly | | | | | (3,863,680) | | | | | | — | | |
iShares PHLX Semiconductor ETF | | | Morgan Stanley | | | | | (1.65) | | | | | | 2/02/2022 | | | | Monthly | | | | | (6,504,262) | | | | | | — | | |
iShares U.S. Financial Services ETF | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | | (37,900,493) | | | | | | — | | |
iShares U.S. Financial Services ETF | | | Morgan Stanley | | | | | (0.79) | | | | | | 2/02/2022 | | | | Monthly | | | | | (37,900,493) | | | | | | — | | |
SPDR S&P Regional Banking ETF | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | | (13,463,550) | | | | | | — | | |
SPDR S&P Regional Banking ETF | | | Morgan Stanley | | | | | (0.71) | | | | | | 2/02/2022 | | | | Monthly | | | | | (13,463,550) | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Bank of America | | | | | 0.99 | | | | | | 8/31/2021 | | | | Monthly | | | | | (23,262,033) | | | | | | — | | |
Vanguard FTSE Europe ETF | | | Morgan Stanley | | | | | 0.04 | | | | | | 2/02/2022 | | | | Monthly | | | | | (23,262,033) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(f) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 590,309,728 | | | | | $ | — | | | | | $ | — | | | | | $ | 590,309,728 | | |
Investment Company | | | | | 34,375,224 | | | | | | — | | | | | | — | | | | | | 34,375,224 | | |
Exchange Traded Vehicle | | | | | 2,936,934 | | | | | | — | | | | | | — | | | | | | 2,936,934 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 92,058,144 | | | | | | — | | | | | | — | | | | | | 92,058,144 | | |
Total Investments in Securities | | | | | 719,680,030 | | | | | | — | | | | | | — | | | | | | 719,680,030 | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 719,680,030 | | | | | $ | — | | | | | $ | — | | | | | $ | 719,680,030 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Investments in Securities Rights | | | Balance as of April 30, 2019 | | | Accrued Discounts (Premiums) | | | Realized Gain (Loss) | | | Change in Unrealized Appreciation (Depreciation) | | | Purchases | | | Sales | | | Transfers Into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 31, 2020 | | | Change in Unrealized Appreciation (Depreciation) from Investments Still Held at April 30, 2020 | | ||||||||||||||||||||||||||||||
A. Schulman, Inc., Contingent Value Right (CVR)(h) | | | | $ | 66,061 | | | | | $ | — | | | | | $ | 58,891 | | | | | $ | 13,731 | | | | | $ | — | | | | | $ | (138,683) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
|
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 48,089,628 | | | | | | (45,156,013) | | | | | | (13,685) | | | | | | 17,004 | | | | | | 63,624 | | | | | | 676 | | | | | | 59,392 | | | | | | 2,936,934 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks — 92.5% | | ||||||||||||
Australia — 7.4% | | ||||||||||||
BHP Group Ltd. | | | | | 22,177 | | | | | $ | 469,699 | | |
Evolution Mining Ltd. | | | | | 25,299 | | | | | | 84,638 | | |
Fortescue Metals Group Ltd. | | | | | 11,735 | | | | | | 91,888 | | |
GrainCorp Ltd., Class A* | | | | | 4,209 | | | | | | 9,755 | | |
IGO Ltd. | | | | | 10,331 | | | | | | 32,060 | | |
Iluka Resources Ltd. | | | | | 1,908 | | | | | | 9,594 | | |
Inghams Group Ltd. | | | | | 16,287 | | | | | | 37,321 | | |
Mineral Resources Ltd. | | | | | 840 | | | | | | 9,228 | | |
New Hope Corp. Ltd. | | | | | 23,475 | | | | | | 23,745 | | |
Newcrest Mining Ltd. | | | | | 12,285 | | | | | | 221,504 | | |
Northern Star Resources Ltd. | | | | | 13,168 | | | | | | 110,264 | | |
OceanaGold Corp.* | | | | | 12,765 | | | | | | 19,484 | | |
OZ Minerals Ltd. | | | | | 1,501 | | | | | | 8,815 | | |
Perseus Mining Ltd.* | | | | | 18,344 | | | | | | 11,589 | | |
Regis Resources Ltd. | | | | | 7,897 | | | | | | 23,266 | | |
Rio Tinto PLC | | | | | 5,811 | | | | | | 270,063 | | |
Saracen Mineral Holdings Ltd.* | | | | | 15,902 | | | | | | 45,184 | | |
South32 Ltd. | | | | | 23,254 | | | | | | 30,220 | | |
St. Barbara Ltd. | | | | | 10,827 | | | | | | 18,359 | | |
Washington H Soul Pattinson & Co., Ltd.(a) | | | | | 7,476 | | | | | | 90,745 | | |
Whitehaven Coal Ltd. | | | | | 28,792 | | | | | | 34,307 | | |
Woodside Petroleum Ltd. | | | | | 2,694 | | | | | | 39,596 | | |
Total Australia | | | | | | | | | | | 1,691,324 | | |
Austria — 0.2% | | ||||||||||||
OMV AG | | | | | 874 | | | | | | 28,623 | | |
voestalpine AG | | | | | 685 | | | | | | 14,177 | | |
Total Austria | | | | | | | | | | | 42,800 | | |
Belgium — 0.2% | | ||||||||||||
Umicore SA | | | | | 1,027 | | | | | | 44,331 | | |
Brazil — 0.4% | | ||||||||||||
Yamana Gold, Inc. | | | | | 17,961 | | | | | | 84,830 | | |
Canada — 13.6% | | ||||||||||||
Agnico Eagle Mines Ltd. | | | | | 3,838 | | | | | | 224,734 | | |
Alamos Gold, Inc., Class A | | | | | 6,104 | | | | | | 49,264 | | |
B2Gold Corp. | | | | | 18,287 | | | | | | 92,689 | | |
Barrick Gold Corp. | | | | | 24,865 | | | | | | 641,429 | | |
Canadian Natural Resources Ltd. | | | | | 4,008 | | | | | | 67,264 | | |
Centerra Gold, Inc. | | | | | 4,203 | | | | | | 33,680 | | |
Eldorado Gold Corp.* | | | | | 3,096 | | | | | | 29,579 | | |
Enbridge, Inc. | | | | | 4,644 | | | | | | 142,602 | | |
First Majestic Silver Corp.* | | | | | 3,415 | | | | | | 27,636 | | |
Hudbay Minerals, Inc.(a) | | | | | 1,222 | | | | | | 2,991 | | |
IAMGOLD Corp.* | | | | | 7,909 | | | | | | 27,731 | | |
Imperial Oil Ltd. | | | | | 2,585 | | | | | | 41,857 | | |
Kinross Gold Corp.* | | | | | 21,161 | | | | | | 140,012 | | |
Kirkland Lake Gold Ltd. | | | | | 3,093 | | | | | | 128,134 | | |
Labrador Iron Ore Royalty Corp. | | | | | 282 | | | | | | 4,008 | | |
Maple Leaf Foods, Inc. | | | | | 4,524 | | | | | | 83,806 | | |
Norbord, Inc. | | | | | 5,291 | | | | | | 86,015 | | |
Nutrien Ltd. | | | | | 7,375 | | | | | | 263,949 | | |
Osisko Gold Royalties Ltd. | | | | | 2,330 | | | | | | 21,321 | | |
Pan American Silver Corp. | | | | | 3,890 | | | | | | 82,900 | | |
Pembina Pipeline Corp. | | | | | 1,888 | | | | | | 43,389 | | |
Pretium Resources, Inc.* | | | | | 3,115 | | | | | | 23,840 | | |
Sandstorm Gold Ltd.* | | | | | 2,785 | | | | | | 21,675 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Canada (continued) | | ||||||||||||
SSR Mining, Inc.* | | | | | 2,276 | | | | | $ | 39,967 | | |
Suncor Energy, Inc. | | | | | 4,746 | | | | | | 84,809 | | |
TC Energy Corp. | | | | | 1,973 | | | | | | 90,997 | | |
Teck Resources Ltd., Class B | | | | | 18,924 | | | | | | 167,175 | | |
Torex Gold Resources, Inc.* | | | | | 1,574 | | | | | | 22,449 | | |
TransAlta Corp. | | | | | 10,338 | | | | | | 60,958 | | |
Wesdome Gold Mines Ltd.* | | | | | 2,254 | | | | | | 17,299 | | |
West Fraser Timber Co. Ltd. | | | | | 3,887 | | | | | | 108,415 | | |
Westshore Terminals Investment Corp. | | | | | 1,956 | | | | | | 21,011 | | |
Wheaton Precious Metals Corp. | | | | | 6,235 | | | | | | 237,423 | | |
Total Canada | | | | | | | | | | | 3,131,008 | | |
Chile — 0.2% | | ||||||||||||
Antofagasta PLC(a) | | | | | 3,547 | | | | | | 36,374 | | |
Lundin Mining Corp. | | | | | 3,619 | | | | | | 17,770 | | |
Total Chile | | | | | | | | | | | 54,144 | | |
China — 8.5% | | ||||||||||||
Ausnutria Dairy Corp., Ltd.* | | | | | 64,805 | | | | | | 120,710 | | |
China Coal Energy Co., Ltd., Class H | | | | | 398,368 | | | | | | 106,370 | | |
China Hongqiao Group Ltd. | | | | | 38,771 | | | | | | 19,305 | | |
China Molybdenum Co., Ltd., Class H | | | | | 103,440 | | | | | | 31,223 | | |
China Petroleum & Chemical Corp., Class H | | | | | 224,811 | | | | | | 113,676 | | |
China Shenhua Energy Co., Ltd., Class H | | | | | 467,024 | | | | | | 834,966 | | |
CNOOC Ltd. | | | | | 103,489 | | | | | | 117,341 | | |
COFCO Meat Holdings Ltd.* | | | | | 140,640 | | | | | | 50,071 | | |
Dali Foods Group Co. Ltd.‡ | | | | | 139,849 | | | | | | 86,049 | | |
Guangdong Investment Ltd. | | | | | 51,433 | | | | | | 106,948 | | |
MMG Ltd.* | | | | | 41,205 | | | | | | 7,229 | | |
PetroChina Co., Ltd., Class H | | | | | 343,405 | | | | | | 123,588 | | |
Southern Energy Holdings Group Ltd.*(b)(c) | | | | | 53,183 | | | | | | 4,665 | | |
Zhaojin Mining Industry Co., Ltd., Class H | | | | | 50,963 | | | | | | 57,587 | | |
Zijin Mining Group Co., Ltd., Class H | | | | | 403,097 | | | | | | 166,390 | | |
Total China | | | | | | | | | | | 1,946,118 | | |
Egypt — 0.1% | | ||||||||||||
Centamin PLC | | | | | 16,817 | | | | | | 33,059 | | |
Finland — 4.4% | | ||||||||||||
Kemira OYJ* | | | | | 5,675 | | | | | | 68,312 | | |
Neste OYJ | | | | | 1,577 | | | | | | 55,843 | | |
Stora Enso OYJ, Class R* | | | | | 26,150 | | | | | | 309,335 | | |
UPM-Kymmene OYJ | | | | | 16,873 | | | | | | 466,830 | | |
Valmet OYJ* | | | | | 5,120 | | | | | | 117,206 | | |
Total Finland | | | | | | | | | | | 1,017,526 | | |
France — 1.7% | | ||||||||||||
Suez | | | | | 7,690 | | | | | | 86,882 | | |
TOTAL SA | | | | | 4,981 | | | | | | 179,219 | | |
Veolia Environnement SA(a) | | | | | 5,969 | | | | | | 127,390 | | |
Total France | | | | | | | | | | | 393,491 | | |
Germany — 0.3% | | ||||||||||||
Aurubis AG | | | | | 182 | | | | | | 9,517 | | |
Suedzucker AG | | | | | 2,370 | | | | | | 31,332 | | |
Uniper SE(a) | | | | | 773 | | | | | | 20,743 | | |
Total Germany | | | | | | | | | | | 61,592 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Hong Kong — 0.0%(d) | | ||||||||||||
Nissin Foods Co. Ltd. | | | | | 11,773 | | | | | $ | 9,704 | | |
Indonesia — 0.1% | | ||||||||||||
First Pacific Co. Ltd. | | | | | 70,618 | | | | | | 14,666 | | |
Italy — 0.3% | | ||||||||||||
Eni SpA | | | | | 7,705 | | | | | | 73,540 | | |
Ivory Coast — 0.1% | | ||||||||||||
Endeavour Mining Corp.* | | | | | 1,840 | | | | | | 33,198 | | |
Japan — 2.9% | | ||||||||||||
Fuji Oil Holdings, Inc. | | | | | 890 | | | | | | 20,924 | | |
Hoshizaki Corp. | | | | | 659 | | | | | | 50,780 | | |
Inpex Corp. | | | | | 3,974 | | | | | | 25,683 | | |
Itoham Yonekyu Holdings, Inc. | | | | | 10,956 | | | | | | 64,137 | | |
JFE Holdings, Inc. | | | | | 2,950 | | | | | | 19,973 | | |
Kewpie Corp. | | | | | 1,416 | | | | | | 28,297 | | |
NH Foods Ltd. | | | | | 4,408 | | | | | | 158,908 | | |
Nichirei Corp. | | | | | 1,293 | | | | | | 32,478 | | |
Nippon Flour Mills Co., Ltd. | | | | | 785 | | | | | | 12,443 | | |
Nippon Steel Corp. | | | | | 4,348 | | | | | | 37,078 | | |
Nisshin Oillio Group Ltd. (The) | | | | | 330 | | | | | | 10,909 | | |
Nisshin Seifun Group, Inc.(a) | | | | | 3,245 | | | | | | 51,041 | | |
Prima Meat Packers Ltd. | | | | | 1,804 | | | | | | 41,382 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 1,196 | | | | | | 30,405 | | |
Toyo Suisan Kaisha Ltd. | | | | | 901 | | | | | | 43,476 | | |
UACJ Corp. | | | | | 212 | | | | | | 3,485 | | |
Yamazaki Baking Co., Ltd. | | | | | 1,904 | | | | | | 33,812 | | |
Total Japan | | | | | | | | | | | 665,211 | | |
Kazakhstan — 0.0%(d) | | ||||||||||||
KAZ Minerals PLC(a) | | | | | 2,040 | | | | | | 10,668 | | |
Luxembourg — 0.3% | | ||||||||||||
ArcelorMittal SA | | | | | 5,391 | | | | | | 59,059 | | |
Mexico — 0.4% | | ||||||||||||
Fresnillo PLC(a) | | | | | 9,158 | | | | | | 82,223 | | |
Netherlands — 1.4% | | ||||||||||||
OCI NV* | | | | | 3,124 | | | | | | 37,810 | | |
Royal Dutch Shell PLC, Class B | | | | | 17,568 | | | | | | 285,059 | | |
Total Netherlands | | | | | | | | | | | 322,869 | | |
New Zealand — 0.4% | | ||||||||||||
Fletcher Building Ltd. | | | | | 36,505 | | | | | | 83,331 | | |
Norway — 1.0% | | ||||||||||||
Equinor ASA | | | | | 7,000 | | | | | | 98,258 | | |
Norsk Hydro ASA | | | | | 9,607 | | | | | | 24,601 | | |
Yara International ASA | | | | | 3,351 | | | | | | 114,536 | | |
Total Norway | | | | | | | | | | | 237,395 | | |
Peru — 0.6% | | ||||||||||||
Hochschild Mining PLC | | | | | 10,518 | | | | | | 18,481 | | |
Nexa Resources SA(a) | | | | | 1,003 | | | | | | 4,202 | | |
Southern Copper Corp. | | | | | 3,316 | | | | | | 107,571 | | |
Total Peru | | | | | | | | | | | 130,254 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Portugal — 0.4% | | ||||||||||||
Galp Energia SGPS SA | | | | | 1,752 | | | | | $ | 20,178 | | |
Navigator Co. SA (The)* | | | | | 26,245 | | | | | | 68,243 | | |
Total Portugal | | | | | | | | | | | 88,421 | | |
Russia — 0.8% | | ||||||||||||
Evraz PLC | | | | | 7,566 | | | | | | 25,309 | | |
Highland Gold Mining Ltd. | | | | | 5,327 | | | | | | 16,019 | | |
Polymetal International PLC | | | | | 5,585 | | | | | | 115,004 | | |
United Co. RUSAL PLC* | | | | | 79,382 | | | | | | 27,954 | | |
Total Russia | | | | | | | | | | | 184,286 | | |
Singapore — 1.3% | | ||||||||||||
First Resources Ltd. | | | | | 22,779 | | | | | | 20,389 | | |
Golden Agri-Resources Ltd.* | | | | | 198,401 | | | | | | 21,986 | | |
Olam International Ltd. | | | | | 41,544 | | | | | | 44,268 | | |
Wilmar International Ltd. | | | | | 85,590 | | | | | | 217,061 | | |
Total Singapore | | | | | | | | | | | 303,704 | | |
South Africa — 0.4% | | ||||||||||||
Anglo American PLC | | | | | 5,812 | | | | | | 103,748 | | |
Spain — 0.3% | | ||||||||||||
Ebro Foods SA | | | | | 1,523 | | | | | | 32,362 | | |
Repsol SA | | | | | 3,124 | | | | | | 28,448 | | |
Total Spain | | | | | | | | | | | 60,810 | | |
Sweden — 0.9% | | ||||||||||||
AAK AB | | | | | 2,853 | | | | | | 46,867 | | |
Boliden AB(a) | | | | | 1,099 | | | | | | 22,538 | | |
Holmen AB, B Shares* | | | | | 4,676 | | | | | | 136,634 | | |
Total Sweden | | | | | | | | | | | 206,039 | | |
Switzerland — 0.3% | | ||||||||||||
Aryzta AG* | | | | | 25,273 | | | | | | 10,191 | | |
Bell Food Group AG* | | | | | 246 | | | | | | 62,829 | | |
Total Switzerland | | | | | | | | | | | 73,020 | | |
United Kingdom — 2.6% | | ||||||||||||
BP PLC | | | | | 42,570 | | | | | | 168,121 | | |
Cranswick PLC | | | | | 1,913 | | | | | | 89,714 | | |
Greggs PLC | | | | | 1,444 | | | | | | 33,368 | | |
Hilton Food Group PLC | | | | | 3,183 | | | | | | 44,966 | | |
Severn Trent PLC | | | | | 2,138 | | | | | | 64,453 | | |
Spirax-Sarco Engineering PLC | | | | | 630 | | | | | | 69,357 | | |
Tate & Lyle PLC | | | | | 5,523 | | | | | | 49,615 | | |
United Utilities Group PLC | | | | | 5,930 | | | | | | 67,483 | | |
Total United Kingdom | | | | | | | | | | | 587,077 | | |
United States — 40.9% | | ||||||||||||
Alacer Gold Corp.* | | | | | 5,566 | | | | | | 28,612 | | |
Alcoa Corp.* | | | | | 1,501 | | | | | | 12,233 | | |
American Water Works Co., Inc. | | | | | 1,509 | | | | | | 183,630 | | |
Andersons, Inc. (The) | | | | | 351 | | | | | | 5,956 | | |
Arch Coal, Inc., Class A(a) | | | | | 679 | | | | | | 19,820 | | |
Archer-Daniels-Midland Co. | | | | | 6,418 | | | | | | 238,365 | | |
Armstrong World Industries, Inc. | | | | | 1,730 | | | | | | 133,348 | | |
Baker Hughes Co. | | | | | 1,766 | | | | | | 24,636 | | |
Builders FirstSource, Inc.* | | | | | 6,163 | | | | | | 113,091 | | |
Bunge Ltd. | | | | | 1,746 | | | | | | 69,264 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United States (continued) — 40.9% | | ||||||||||||
Campbell Soup Co. | | | | | 3,179 | | | | | $ | 158,886 | | |
Carpenter Technology Corp. | | | | | 324 | | | | | | 7,183 | | |
Cheniere Energy, Inc.* | | | | | 690 | | | | | | 32,216 | | |
Chevron Corp. | | | | | 4,301 | | | | | | 395,692 | | |
Cleveland-Cliffs, Inc.(a) | | | | | 1,425 | | | | | | 6,241 | | |
Coeur Mining, Inc.* | | | | | 4,170 | | | | | | 17,556 | | |
Commercial Metals Co. | | | | | 495 | | | | | | 7,890 | | |
Conagra Brands, Inc. | | | | | 4,769 | | | | | | 159,475 | | |
Concho Resources, Inc. | | | | | 558 | | | | | | 31,650 | | |
ConocoPhillips | | | | | 3,026 | | | | | | 127,395 | | |
Diamondback Energy, Inc.(a) | | | | | 668 | | | | | | 29,085 | | |
Dover Corp. | | | | | 1,425 | | | | | | 133,451 | | |
Ecolab, Inc. | | | | | 2,695 | | | | | | 521,482 | | |
EOG Resources, Inc. | | | | | 1,819 | | | | | | 86,421 | | |
Essential Utilities, Inc. | | | | | 1,882 | | | | | | 78,649 | | |
Exxon Mobil Corp. | | | | | 10,176 | | | | | | 472,879 | | |
Flowers Foods, Inc. | | | | | 2,388 | | | | | | 53,205 | | |
FMC Corp. | | | | | 1,584 | | | | | | 145,570 | | |
Freeport-McMoRan, Inc. | | | | | 7,688 | | | | | | 67,885 | | |
Fresh Del Monte Produce, Inc. | | | | | 514 | | | | | | 14,654 | | |
General Mills, Inc. | | | | | 6,056 | | | | | | 362,694 | | |
Graco, Inc. | | | | | 1,367 | | | | | | 61,050 | | |
Halliburton Co. | | | | | 3,857 | | | | | | 40,499 | | |
Hecla Mining Co. | | | | | 10,106 | | | | | | 26,579 | | |
Hess Corp. | | | | | 913 | | | | | | 44,408 | | |
Hormel Foods Corp. | | | | | 18,974 | | | | | | 888,932 | | |
IDEX Corp. | | | | | 658 | | | | | | 101,089 | | |
Ingredion, Inc. | | | | | 794 | | | | | | 64,473 | | |
International Paper Co. | | | | | 13,313 | | | | | | 455,970 | | |
J&J Snack Foods Corp. | | | | | 271 | | | | | | 34,425 | | |
John Bean Technologies Corp.(a) | | | | | 444 | | | | | | 34,073 | | |
Kellogg Co. | | | | | 3,707 | | | | | | 242,809 | | |
Kinder Morgan, Inc. | | | | | 5,534 | | | | | | 84,283 | | |
Louisiana-Pacific Corp. | | | | | 5,300 | | | | | | 106,000 | | |
Marathon Petroleum Corp. | | | | | 2,312 | | | | | | 74,169 | | |
Mosaic Co. (The) | | | | | 6,418 | | | | | | 73,871 | | |
Newmont Corp. | | | | | 10,611 | | | | | | 631,142 | | |
Nucor Corp. | | | | | 1,244 | | | | | | 51,240 | | |
Occidental Petroleum Corp.(a) | | | | | 4,486 | | | | | | 74,468 | | |
ONEOK, Inc. | | | | | 2,242 | | | | | | 67,103 | | |
Peabody Energy Corp.(a) | | | | | 5,030 | | | | | | 17,052 | | |
Pentair PLC | | | | | 1,798 | | | | | | 62,193 | | |
Phillips 66 | | | | | 1,091 | | | | | | 79,828 | | |
Pilgrim’s Pride Corp.* | | | | | 11,536 | | | | | | 253,792 | | |
Pioneer Natural Resources Co. | | | | | 514 | | | | | | 45,905 | | |
Post Holdings, Inc.* | | | | | 918 | | | | | | 84,318 | | |
Reliance Steel & Aluminum Co. | | | | | 280 | | | | | | 25,082 | | |
Sanderson Farms, Inc. | | | | | 881 | | | | | | 119,939 | | |
Schlumberger Ltd. | | | | | 4,933 | | | | | | 82,973 | | |
Seaboard Corp. | | | | | 56 | | | | | | 168,622 | | |
Simpson Manufacturing Co., Inc. | | | | | 1,620 | | | | | | 116,802 | | |
Steel Dynamics, Inc. | | | | | 910 | | | | | | 22,086 | | |
Tyson Foods, Inc., Class A | | | | | 16,611 | | | | | | 1,033,038 | | |
United States Steel Corp.(a) | | | | | 776 | | | | | | 5,960 | | |
Universal Forest Products, Inc. | | | | | 2,213 | | | | | | 90,999 | | |
Valero Energy Corp. | | | | | 1,061 | | | | | | 67,214 | | |
Warrior Met Coal, Inc. | | | | | 2,197 | | | | | | 27,572 | | |
Williams Cos., Inc. (The) | | | | | 2,895 | | | | | | 56,076 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United States (continued) — 40.9% | | ||||||||||||
Xylem, Inc. | | | | | 1,728 | | | | | $ | 124,243 | | |
Total United States | | | | | | | | | | | 9,379,391 | | |
Zambia — 0.1% | | ||||||||||||
First Quantum Minerals Ltd. | | | | | 3,609 | | | | | | 22,086 | | |
Total Common Stocks (Cost $24,958,389) | | | | | | | | | | | 21,230,923 | | |
Investment Company — 4.6% | | ||||||||||||
U.S. Ultra Short Term Bond Fund — 4.6% | | ||||||||||||
IQ Ultra Short Duration ETF† | | | | | 21,468 | | | | | | 1,061,593 | | |
Total Investment Company (Cost $1,064,329) | | | | | | | | | | | 1,061,593 | | |
Short-Term Investments — 5.2% | | ||||||||||||
Money Market Funds — 5.2% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(e)(f) | | | | | 242,458 | | | | | | 242,458 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(e) | | | | | 943,627 | | | | | | 943,627 | | |
Total Short-Term Investments (Cost $1,186,085) | | | | | | | | | | | 1,186,085 | | |
Total Investments — 102.3% (Cost $27,208,803) | | | | | | | | | | | 23,478,601 | | |
Other Assets and Liabilities, Net — (2.3)% | | | | | | | | | | | (530,245) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 22,948,356 | | |
|
Total Return Swap contracts outstanding at April 30, 2020: | | ||||||||||||||||||||||||||||||||||||
Total Return Benchmark | | | Counterparty | | | | | | Annual Financing Rate Received/ (Paid) % | | | Expiration Date | | | Payment Frequency Received/ (Paid) | | | Notional Amount Long/ (Short) | | | Value Unrealized Appreciation/ (Depreciation)(g) | | |||||||||||||||
iShares MSCI EAFE ETF | | | Bank of America | | | | | | | | 0.99 | | | | | | 5/31/2021 | | | | | | Monthly | | | | | $ | (1,100,117) | | | | | $ | — | | |
iShares MSCI EAFE ETF | | | Morgan Stanley | | | | | | | | 0.04 | | | | | | 5/04/2021 | | | | | | Monthly | | | | | | (1,100,117) | | | | | | — | | |
SPDR S&P 500 ETF Trust | | | Bank of America | | | | | | | | 0.99 | | | | | | 5/31/2021 | | | | | | Monthly | | | | | | (1,171,796) | | | | | | — | | |
SPDR S&P 500 ETF Trust | | | Morgan Stanley | | | | | | | | 0.04 | | | | | | 5/04/2021 | | | | | | Monthly | | | | | | (1,171,796) | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | — | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | 1,691,324 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,691,324 | | |
Austria | | | | | 42,800 | | | | | | — | | | | | | — | | | | | | 42,800 | | |
Belgium | | | | | 44,331 | | | | | | — | | | | | | — | | | | | | 44,331 | | |
Brazil | | | | | 84,830 | | | | | | — | | | | | | — | | | | | | 84,830 | | |
Canada | | | | | 3,131,008 | | | | | | — | | | | | | — | | | | | | 3,131,008 | | |
Chile | | | | | 54,144 | | | | | | — | | | | | | — | | | | | | 54,144 | | |
China | | | | | 1,941,453 | | | | | | — | | | | | | 4,665(i) | | | | | | 1,946,118 | | |
Egypt | | | | | 33,059 | | | | | | — | | | | | | — | | | | | | 33,059 | | |
Finland | | | | | 1,017,526 | | | | | | — | | | | | | — | | | | | | 1,017,526 | | |
France | | | | | 393,491 | | | | | | — | | | | | | — | | | | | | 393,491 | | |
Germany | | | | | 61,592 | | | | | | — | | | | | | — | | | | | | 61,592 | | |
Hong Kong | | | | | 9,704 | | | | | | — | | | | | | — | | | | | | 9,704 | | |
Indonesia | | | | | 14,666 | | | | | | — | | | | | | — | | | | | | 14,666 | | |
Italy | | | | | 73,540 | | | | | | — | | | | | | — | | | | | | 73,540 | | |
Ivory Coast | | | | | 33,198 | | | | | | — | | | | | | — | | | | | | 33,198 | | |
Japan | | | | | 665,211 | | | | | | — | | | | | | — | | | | | | 665,211 | | |
Kazakhstan | | | | | 10,668 | | | | | | — | | | | | | — | | | | | | 10,668 | | |
Luxembourg | | | | | 59,059 | | | | | | — | | | | | | — | | | | | | 59,059 | | |
Mexico | | | | | 82,223 | | | | | | — | | | | | | — | | | | | | 82,223 | | |
Netherlands | | | | | 322,869 | | | | | | — | | | | | | — | | | | | | 322,869 | | |
New Zealand | | | | | 83,331 | | | | | | — | | | | | | — | | | | | | 83,331 | | |
Norway | | | | | 237,395 | | | | | | — | | | | | | — | | | | | | 237,395 | | |
Peru | | | | | 130,254 | | | | | | — | | | | | | — | | | | | | 130,254 | | |
Portugal | | | | | 88,421 | | | | | | — | | | | | | — | | | | | | 88,421 | | |
Russia | | | | | 184,286 | | | | | | — | | | | | | — | | | | | | 184,286 | | |
Singapore | | | | | 303,704 | | | | | | — | | | | | | — | | | | | | 303,704 | | |
South Africa | | | | | 103,748 | | | | | | — | | | | | | — | | | | | | 103,748 | | |
Spain | | | | | 60,810 | | | | | | — | | | | | | — | | | | | | 60,810 | | |
Sweden | | | | | 206,039 | | | | | | — | | | | | | — | | | | | | 206,039 | | |
Switzerland | | | | | 73,020 | | | | | | — | | | | | | — | | | | | | 73,020 | | |
United Kingdom | | | | | 587,077 | | | | | | — | | | | | | — | | | | | | 587,077 | | |
United States | | | | | 9,379,391 | | | | | | — | | | | | | — | | | | | | 9,379,391 | | |
Zambia | | | | | 22,086 | | | | | | — | | | | | | — | | | | | | 22,086 | | |
Total Common Stocks | | | | | 21,226,258 | | | | | | — | | | | | | 4,665 | | | | | | 21,230,923 | | |
Exchange Traded Vehicle | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash | | | | | 1,061,593 | | | | | | — | | | | | | — | | | | | | 1,061,593 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,186,085 | | | | | | — | | | | | | — | | | | | | 1,186,085 | | |
Total Investments in Securities | | | | | 23,473,936 | | | | | | — | | | | | | 4,665 | | | | | | 23,478,601 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 23,473,936 | | | | | $ | — | | | | | $ | 4,665 | | | | | $ | 23,478,601 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Swap Contracts | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
|
Investments inSecurities | | | Balance as of April 30, 2019 | | | Accrued Discounts/ (Premiums) | | | Realized Gain/ (Loss) | | | Change in Unrealized Appreciation/ (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation/ (Depreciation) from Investments Still Held at April 30, 2020(k) | | ||||||||||||||||||||||||||||||
Common Stock | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Southern Energy Holdings Group Ltd.(l) | | | | $ | — | | | | | $ | — | | | | | $ | (146,591) | | | | | $ | (162,508) | | | | | $ | 66,589 | | | | | $ | (74,132) | | | | | $ | 321,307 | | | | | $ | — | | | | | $ | 4,665 | | | | | $ | (162,508) | | |
Security Type | | | Fair Value | | | Valuation Technique | | | Unobservable Inputs | | |||
Common Stock | | | | $ | 4,665 | | | | Issuer Specific Data | | | Company News Information | |
| | | Shares at 04/30/2019 | | | Value ($) at 04/30/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/ (Loss) ($) | | | Net Change in Unrealized Appreciation/ (Depreciation) ($) | | | Income Distributions ($) | | | Capital Gain Distributions ($) | | | Shares at 04/30/2020 | | | Value ($) at 04/30/2020 | | ||||||||||||||||||||||||||||||
IQ Ultra Short Duration ETF | | | | | — | | | | | | — | | | | | | 8,202,353 | | | | | | (7,139,604) | | | | | | 1,580 | | | | | | (2,736) | | | | | | 15,397 | | | | | | 584 | | | | | | 21,468 | | | | | | 1,061,593 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks — 99.9% | | ||||||||||||
Australia — 13.8% | | ||||||||||||
Bega Cheese Ltd.(a) | | | | | 33,452 | | | | | $ | 106,001 | | |
Costa Group Holdings Ltd.(a) | | | | | 76,589 | | | | | | 144,913 | | |
Elders Ltd. | | | | | 30,654 | | | | | | 174,000 | | |
GrainCorp Ltd., Class A* | | | | | 43,253 | | | | | | 100,245 | | |
Inghams Group Ltd.(a) | | | | | 66,846 | | | | | | 153,174 | | |
Nufarm Ltd.* | | | | | 62,535 | | | | | | 215,353 | | |
Select Harvests Ltd. | | | | | 18,852 | | | | | | 89,235 | | |
Total Australia | | | | | | | | | | | 982,921 | | |
Brazil — 1.3% | | | | | | | | | | | | | |
Adecoagro SA* | | | | | 23,780 | | | | | | 94,882 | | |
Canada — 5.3% | | | | | | | | | | | | | |
Maple Leaf Foods, Inc. | | | | | 15,055 | | | | | | 278,891 | | |
Rogers Sugar, Inc. | | | | | 21,049 | | | | | | 70,924 | | |
Village Farms International, Inc.* | | | | | 8,521 | | | | | | 28,588 | | |
Total Canada | | | | | | | | | | | 378,403 | | |
China — 5.9% | | | | | | | | | | | | | |
Ausnutria Dairy Corp., Ltd.*(a) | | | | | 135,677 | | | | | | 252,720 | | |
China BlueChemical Ltd., Class H | | | | | 358,459 | | | | | | 53,637 | | |
COFCO Meat Holdings Ltd.* | | | | | 326,188 | | | | | | 116,130 | | |
Total China | | | | | | | | | | | 422,487 | | |
Indonesia — 2.5% | | | | | | | | | | | | | |
PT Astra Agro Lestari Tbk* | | | | | 79,142 | | | | | | 32,455 | | |
PT Japfa Comfeed Indonesia Tbk* | | | | | 1,108,036 | | | | | | 72,628 | | |
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk | | | | | 558,004 | | | | | | 26,634 | | |
PT Sawit Sumbermas Sarana Tbk | | | | | 729,791 | | | | | | 43,910 | | |
Total Indonesia | | | | | | | | | | | 175,627 | | |
Japan — 37.4% | | | | | | | | | | | | | |
Fuji Oil Holdings, Inc.(a) | | | | | 10,566 | | | | | | 248,403 | | |
Itoham Yonekyu Holdings, Inc. | | | | | 29,559 | | | | | | 173,039 | | |
Kumiai Chemical Industry Co., Ltd.(a) | | | | | 23,019 | | | | | | 188,569 | | |
Megmilk Snow Brand Co., Ltd. | | | | | 9,848 | | | | | | 226,089 | | |
Morinaga Milk Industry Co., Ltd. | | | | | 8,285 | | | | | | 323,854 | | |
NH Foods Ltd. | | | | | 20,186 | | | | | | 727,704 | | |
Nichirei Corp. | | | | | 24,732 | | | | | | 621,220 | | |
Nihon Nohyaku Co., Ltd. | | | | | 7,529 | | | | | | 30,557 | | |
Prima Meat Packers Ltd. | | | | | 5,357 | | | | | | 122,885 | | |
Total Japan | | | | | | | | | | | 2,662,320 | | |
Netherlands — 2.9% | | | | | | | | | | | | | |
OCI NV* | | | | | 16,779 | | | | | | 203,077 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Singapore — 2.4% | | | | | | | | | | | | | |
Golden Agri-Resources Ltd.* | | | | | 1,272,676 | | | | | $ | 141,037 | | |
Japfa Ltd.* | | | | | 78,848 | | | | | | 31,927 | | |
Total Singapore | | | | | | | | | | | 172,964 | | |
Thailand — 2.0% | | | | | | | | | | | | | |
GFPT PCL | | | | | 183,106 | | | | | | 64,516 | | |
Thai Vegetable Oil PCL | | | | | 106,879 | | | | | | 80,931 | | |
Total Thailand | | | | | | | | | | | 145,447 | | |
United States — 26.4% | | | | | | | | | | | | | |
AGCO Corp. | | | | | 11,514 | | | | | | 608,400 | | |
Cal-Maine Foods, Inc.*(a) | | | | | 5,949 | | | | | | 246,943 | | |
Element Solutions, Inc.* | | | | | 45,082 | | | | | | 462,090 | | |
Sanderson Farms, Inc. | | | | | 4,011 | | | | | | 546,058 | | |
Titan International, Inc. | | | | | 10,011 | | | | | | 14,115 | | |
Total United States | | | | | | | | | | | 1,877,606 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $7,740,546) | | | | | | | | | | | 7,115,734 | | |
Short-Term Investment — 7.4% | | | | | | | | | | | | | |
Money Market Fund — 7.4% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | | | | | | | | | |
(Cost $528,622) | | | | | 528,622 | | | | | | 528,622 | | |
Total Investments — 107.3% | | | | | | | | | | | | | |
(Cost $8,269,168) | | | | | | | | | | | 7,644,356 | | |
Other Assets and Liabilities, Net — (7.3)% | | | | | | | | | | | (519,033) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 7,125,323 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | 982,921 | | | | | $ | — | | | | | $ | — | | | | | $ | 982,921 | | |
Brazil | | | | | 94,882 | | | | | | — | | | | | | — | | | | | | 94,882 | | |
Canada | | | | | 378,403 | | | | | | — | | | | | | — | | | | | | 378,403 | | |
China | | | | | 422,487 | | | | | | — | | | | | | — | | | | | | 422,487 | | |
Indonesia | | | | | 175,627 | | | | | | — | | | | | | — | | | | | | 175,627 | | |
Japan | | | | | 2,662,320 | | | | | | — | | | | | | — | | | | | | 2,662,320 | | |
Netherlands | | | | | 203,077 | | | | | | — | | | | | | — | | | | | | 203,077 | | |
Singapore | | | | | 172,964 | | | | | | — | | | | | | — | | | | | | 172,964 | | |
Thailand | | | | | 145,447 | | | | | | — | | | | | | — | | | | | | 145,447 | | |
United States | | | | | 1,877,606 | | | | | | — | | | | | | — | | | | | | 1,877,606 | | |
Total Common Stocks | | | | | 7,115,734 | | | | | | — | | | | | | — | | | | | | 7,115,734 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 528,622 | | | | | | — | | | | | | — | | | | | | 528,622 | | |
Total Investments in Securities | | | | $ | 7,644,356 | | | | | $ | — | | | | | $ | — | | | | | $ | 7,644,356 | | |
Investments in Securities | | | Balance as of April 30, 2019 | | | Accrued Discounts/ (Premiums) | | | Realized Gain/ (Loss) | | | Change in Unrealized Appreciation/ (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation (Depreciation) from Investments Still Held at April 30, 2020 | | ||||||||||||||||||||||||||||||
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
China Huishan Dairy Holdings Co., Ltd. (e) | | | | $ | —(f) | | | | | $ | — | | | | | $ | (300,260) | | | | | $ | 300,260 | | | | | $ | — | | | | | $ | —(g) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.6% | | ||||||||||||
Diversified REITs — 14.6% | | ||||||||||||
Alexander & Baldwin, Inc. | | | | | 33,270 | | | | | $ | 437,168 | | |
American Assets Trust, Inc. | | | | | 24,304 | | | | | | 688,289 | | |
Empire State Realty Trust, Inc., Class A | | | | | 89,095 | | | | | | 744,834 | | |
Exantas Capital Corp. | | | | | 14,782 | | | | | | 43,755 | | |
Granite Point Mortgage Trust, Inc.(a) | | | | | 26,393 | | | | | | 131,437 | | |
Industrial Logistics Properties Trust | | | | | 31,468 | | | | | | 588,137 | | |
Kennedy-Wilson Holdings, Inc. | | | | | 59,861 | | | | | | 847,033 | | |
Monmouth Real Estate Investment Corp. | | | | | 44,951 | | | | | | 610,884 | | |
New Senior Investment Group, Inc. | | | | | 37,568 | | | | | | 124,350 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 22,799 | | | | | | 168,941 | | |
Redwood Trust, Inc. | | | | | 55,147 | | | | | | 226,103 | | |
Safehold, Inc. | | | | | 7,358 | | | | | | 424,998 | | |
Washington Real Estate Investment Trust | | | | | 39,735 | | | | | | 926,620 | | |
Total Diversified REITs | | | | | | | | | | | 5,962,549 | | |
Hotel REITs — 8.2% | | | | | | | | | | | | | |
Ashford Hospitality Trust, Inc. | | | | | 47,814 | | | | | | 39,317 | | |
Chatham Lodging Trust | | | | | 22,441 | | | | | | 168,532 | | |
DiamondRock Hospitality Co. | | | | | 96,280 | | | | | | 599,824 | | |
Hersha Hospitality Trust | | | | | 18,035 | | | | | | 94,323 | | |
MGM Growth Properties LLC, Class A(a) | | | | | 64,047 | | | | | | 1,612,063 | | |
Summit Hotel Properties, Inc.(a) | | | | | 50,066 | | | | | | 303,400 | | |
Xenia Hotels & Resorts, Inc. | | | | | 54,595 | | | | | | 529,572 | | |
Total Hotel REITs | | | | | | | | | | | 3,347,031 | | |
Mortgage REITs — 9.7% | | | | | | | | | | | | | |
AG Mortgage Investment Trust, Inc.(a) | | | | | 15,742 | | | | | | 50,217 | | |
Anworth Mortgage Asset Corp. | | | | | 47,454 | | | | | | 81,621 | | |
Apollo Commercial Real Estate Finance, Inc. | | | | | 74,985 | | | | | | 611,128 | | |
Arbor Realty Trust, Inc.(a) | | | | | 49,140 | | | | | | 338,575 | | |
ARMOUR Residential REIT, Inc. | | | | | 28,143 | | | | | | 248,784 | | |
Capstead Mortgage Corp. | | | | | 46,109 | | | | | | 239,306 | | |
Dynex Capital, Inc.(a) | | | | | 10,894 | | | | | | 155,893 | | |
Front Yard Residential Corp. | | | | | 22,735 | | | | | | 259,406 | | |
Invesco Mortgage Capital, Inc. | | | | | 80,530 | | | | | | 244,811 | | |
iStar, Inc.(a) | | | | | 36,236 | | | | | | 363,085 | | |
KKR Real Estate Finance Trust, Inc.(a) | | | | | 15,125 | | | | | | 238,672 | | |
New York Mortgage Trust, Inc. | | | | | 183,676 | | | | | | 400,414 | | |
Orchid Island Capital, Inc. | | | | | 31,729 | | | | | | 125,012 | | |
PennyMac Mortgage Investment Trust | | | | | 48,173 | | | | | | 500,999 | | |
Western Asset Mortgage Capital Corp. | | | | | 25,394 | | | | | | 77,452 | | |
Total Mortgage REITs | | | | | | | | | | | 3,935,375 | | |
Office REITs — 16.5% | | | | | | | | | | | | | |
Brandywine Realty Trust | | | | | 85,143 | | | | | | 950,196 | | |
City Office REIT, Inc. | | | | | 26,288 | | | | | | 265,509 | | |
Easterly Government Properties, Inc. | | | | | 36,563 | | | | | | 983,910 | | |
Franklin Street Properties Corp. | | | | | 50,356 | | | | | | 273,937 | | |
Global Net Lease, Inc. | | | | | 43,724 | | | | | | 629,188 | | |
Lexington Realty Trust | | | | | 121,791 | | | | | | 1,272,716 | | |
Mack-Cali Realty Corp. | | | | | 40,370 | | | | | | 653,590 | | |
Office Properties Income Trust | | | | | 23,181 | | | | | | 635,159 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 60,713 | | | | | | 1,053,371 | | |
Total Office REITs | | | | | | | | | | | 6,717,576 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Residential REITs — 2.8% | | | | | | | | | | | | | |
Essential Properties Realty Trust, Inc.(a) | | | | | 44,510 | | | | | $ | 653,852 | | |
Independence Realty Trust, Inc. | | | | | 49,744 | | | | | | 500,922 | | |
Total Residential REITs | | | | | | | | | | | 1,154,774 | | |
Retail REITs — 19.5% | | | | | | | | | | | | | |
Acadia Realty Trust | | | | | 39,877 | | | | | | 494,076 | | |
Agree Realty Corp.(a) | | | | | 21,694 | | | | | | 1,412,496 | | |
Brookfield Property REIT, Inc., Class A(a) | | | | | 27,571 | | | | | | 270,058 | | |
Cedar Realty Trust, Inc. | | | | | 41,680 | | | | | | 43,764 | | |
Four Corners Property Trust, Inc. | | | | | 34,043 | | | | | | 762,223 | | |
Kite Realty Group Trust | | | | | 40,750 | | | | | | 416,873 | | |
Pennsylvania Real Estate Investment Trust(a) | | | | | 31,406 | | | | | | 31,720 | | |
Retail Opportunity Investments Corp. | | | | | 55,469 | | | | | | 538,327 | | |
Retail Properties of America, Inc., Class A | | | | | 103,899 | | | | | | 644,174 | | |
RPT Realty | | | | | 37,749 | | | | | | 257,448 | | |
Seritage Growth Properties, Class A*(a) | | | | | 16,471 | | | | | | 174,263 | | |
SITE Centers Corp. | | | | | 74,413 | | | | | | 450,943 | | |
Tanger Factory Outlet Centers, Inc.(a) | | | | | 44,281 | | | | | | 332,993 | | |
Taubman Centers, Inc. | | | | | 28,884 | | | | | | 1,244,900 | | |
Urban Edge Properties | | | | | 56,497 | | | | | | 649,715 | | |
Washington Prime Group, Inc.(a) | | | | | 90,420 | | | | | | 77,743 | | |
Whitestone REIT | | | | | 19,348 | | | | | | 131,180 | | |
Total Retail REITs | | | | | | | | | | | 7,932,896 | | |
Specialized REITs — 28.3% | | | | | | | | | | | | | |
American Finance Trust, Inc. | | | | | 52,909 | | | | | | 407,928 | | |
CareTrust REIT, Inc. | | | | | 45,970 | | | | | | 757,586 | | |
CatchMark Timber Trust, Inc., Class A | | | | | 23,706 | | | | | | 186,329 | | |
Diversified Healthcare Trust | | | | | 114,924 | | | | | | 357,414 | | |
Global Medical REIT, Inc. | | | | | 19,821 | | | | | | 206,535 | | |
Innovative Industrial Properties, Inc.(a) | | | | | 8,093 | | | | | | 634,977 | | |
LTC Properties, Inc. | | | | | 19,097 | | | | | | 679,853 | | |
National Storage Affiliates Trust | | | | | 25,099 | | | | | | 714,819 | | |
Physicians Realty Trust | | | | | 95,779 | | | | | | 1,476,912 | | |
QTS Realty Trust, Inc., Class A(a) | | | | | 28,049 | | | | | | 1,753,904 | | |
STAG Industrial, Inc. | | | | | 72,644 | | | | | | 1,906,905 | | |
Terreno Realty Corp. | | | | | 32,192 | | | | | | 1,764,765 | | |
Uniti Group, Inc.(a) | | | | | 93,197 | | | | | | 657,971 | | |
Total Specialized REITs | | | | | | | | | | | 11,505,898 | | |
Total Common Stocks (Cost $59,186,954) | | | | | | | | | | | 40,556,099 | | |
Short-Term Investments — 2.6% | | | | | | | | | | | | | |
Money Market Funds — 2.6% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 947,367 | | | | | | 947,367 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 93,883 | | | | | | 93,883 | | |
|
| | | Shares | | | Value | | |||
Money Market Funds (continued) | | | | |||||||
Total Short-Term Investments (Cost $1,041,250) | | | | | | | $ | 1,041,250 | | |
Total Investments — 102.2% (Cost $60,228,204) | | | | | | | | 41,597,349 | | |
Other Assets and Liabilities, Net — (2.2)% | | | | | | | | (895,030) | | |
Net Assets — 100.0% | | | | | | | $ | 40,702,319 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | ||||||||||||||||||||
Investments in Securities:(d) | | | | | | ||||||||||||||||||||
Common Stocks | | | | $ | 40,556,099 | | | | | $ | — | | | | | $ | — | | | | | $ | 40,556,099 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 1,041,250 | | | | | | — | | | | | | — | | | | | | 1,041,250 | | |
Total Investments in Securities | | | | $ | 41,597,349 | | | | | $ | — | | | | | $ | — | | | | | $ | 41,597,349 | | |
Investments in Securities | | | Balance as of April 30, 2019 | | | Accrued Discounts/ (Premiums) | | | Realized Gain/ (Loss) | | | Change in Unrealized Appreciation/ (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation/ (Depreciation) from Investments Still Held at April 30, 2020 | | ||||||||||||||||||||||||||||||
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Winthrop Realty Trust | | | | $ | 9,896 | | | | | $ | — | | | | | $ | (8,358) | | | | | $ | 7,776 | | | | | $ | — | | | | | $ | (9,314) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.5% | | ||||||||||||
Australia — 3.2% | | ||||||||||||
AGL Energy Ltd. | | | | | 13,931 | | | | | $ | 154,686 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 14,616 | | | | | | 161,718 | | |
BHP Group Ltd. | | | | | 39,301 | | | | | | 832,377 | | |
BlueScope Steel Ltd. | | | | | 22,335 | | | | | | 149,883 | | |
Brambles Ltd. | | | | | 27,448 | | | | | | 199,110 | | |
Caltex Australia Ltd. | | | | | 13,639 | | | | | | 222,522 | | |
CIMIC Group Ltd. | | | | | 9,168 | | | | | | 147,896 | | |
Commonwealth Bank of Australia | | | | | 6,117 | | | | | | 251,061 | | |
CSL Ltd. | | | | | 1,793 | | | | | | 363,245 | | |
Downer EDI Ltd. | | | | | 49,349 | | | | | | 134,728 | | |
Metcash Ltd. | | | | | 125,504 | | | | | | 204,597 | | |
National Australia Bank Ltd. | | | | | 14,408 | | | | | | 159,982 | | |
Origin Energy Ltd. | | | | | 46,877 | | | | | | 170,638 | | |
Qantas Airways Ltd. | | | | | 80,087 | | | | | | 202,391 | | |
Ramsay Health Care Ltd. | | | | | 7,431 | | | | | | 304,602 | | |
Rio Tinto PLC | | | | | 17,336 | | | | | | 805,681 | | |
Sonic Healthcare Ltd. | | | | | 14,716 | | | | | | 261,964 | | |
South32 Ltd. | | | | | 73,478 | | | | | | 95,490 | | |
Telstra Corp. Ltd. | | | | | 169,822 | | | | | | 339,107 | | |
Viva Energy Group Ltd.‡ | | | | | 155,892 | | | | | | 147,991 | | |
Wesfarmers Ltd. | | | | | 25,619 | | | | | | 632,165 | | |
Westpac Banking Corp. | | | | | 15,226 | | | | | | 162,287 | | |
Woolworths Group Ltd. | | | | | 33,982 | | | | | | 795,367 | | |
Total Australia | | | | | | | | | | | 6,899,488 | | |
Austria — 0.3% | | | | | | | | | | | | | |
OMV AG | | | | | 12,641 | | | | | | 413,986 | | |
voestalpine AG | | | | | 13,231 | | | | | | 273,825 | | |
Total Austria | | | | | | | | | | | 687,811 | | |
Belgium — 1.0% | | | | | | | | | | | | | |
Anheuser-Busch InBev SA/NV | | | | | 27,216 | | | | | | 1,248,429 | | |
bpost SA | | | | | 21,946 | | | | | | 153,239 | | |
Colruyt SA | | | | | 2,908 | | | | | | 173,972 | | |
Solvay SA | | | | | 3,595 | | | | | | 280,515 | | |
Umicore SA | | | | | 7,449 | | | | | | 321,542 | | |
Total Belgium | | | | | | | | | | | 2,177,697 | | |
Canada — 5.6% | | | | | | | | | | | | | |
Air Canada* | | | | | 14,681 | | | | | | 213,934 | | |
Alimentation Couche-Tard, Inc., Class B | | | | | 36,848 | | | | | | 1,030,402 | | |
Bank of Montreal(a) | | | | | 3,491 | | | | | | 177,874 | | |
Bank of Nova Scotia (The) | | | | | 5,851 | | | | | | 235,059 | | |
BCE, Inc. | | | | | 10,110 | | | | | | 409,728 | | |
Bombardier, Inc., Class B* | | | | | 195,851 | | | | | | 69,093 | | |
Brookfield Asset Management, Inc., Class A | | | | | 15,512 | | | | | | 525,350 | | |
Canadian Imperial Bank of Commerce | | | | | 2,820 | | | | | | 167,460 | | |
Canadian National Railway Co. | | | | | 3,355 | | | | | | 278,048 | | |
Canadian Natural Resources Ltd. | | | | | 9,610 | | | | | | 161,279 | | |
Canadian Tire Corp. Ltd., Class A(a) | | | | | 2,048 | | | | | | 144,014 | | |
Cenovus Energy, Inc. | | | | | 28,807 | | | | | | 104,738 | | |
CGI, Inc.* | | | | | 4,734 | | | | | | 302,557 | | |
Empire Co., Ltd., Class A | | | | | 14,803 | | | | | | 327,511 | | |
Enbridge, Inc. | | | | | 31,255 | | | | | | 959,736 | | |
George Weston Ltd. | | | | | 9,266 | | | | | | 658,717 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Canada (continued) | | | | ||||||||||
Great-West Lifeco, Inc. | | | | | 13,714 | | | | | $ | 226,304 | | |
Husky Energy, Inc. | | | | | 26,511 | | | | | | 85,319 | | |
Imperial Oil Ltd. | | | | | 14,100 | | | | | | 228,308 | | |
Loblaw Cos. Ltd. | | | | | 13,053 | | | | | | 643,746 | | |
Magna International, Inc. | | | | | 13,024 | | | | | | 508,601 | | |
Manulife Financial Corp. | | | | | 20,889 | | | | | | 263,641 | | |
Metro, Inc. | | | | | 6,513 | | | | | | 268,548 | | |
Nutrien Ltd. | | | | | 8,440 | | | | | | 302,064 | | |
Parkland Fuel Corp. | | | | | 8,846 | | | | | | 209,726 | | |
Pembina Pipeline Corp.(a) | | | | | 5,532 | | | | | | 127,133 | | |
Power Corp. of Canada | | | | | 30,741 | | | | | | 492,671 | | |
Restaurant Brands International, Inc. | | | | | 3,560 | | | | | | 174,034 | | |
Rogers Communications, Inc., Class B | | | | | 5,453 | | | | | | 228,885 | | |
Royal Bank of Canada | | | | | 5,950 | | | | | | 366,823 | | |
Saputo, Inc. | | | | | 6,502 | | | | | | 163,843 | | |
SNC-Lavalin Group, Inc.(a) | | | | | 8,734 | | | | | | 161,418 | | |
Sun Life Financial, Inc. | | | | | 6,130 | | | | | | 210,564 | | |
Suncor Energy, Inc. | | | | | 14,832 | | | | | | 265,042 | | |
TC Energy Corp.(a) | | | | | 7,018 | | | | | | 323,678 | | |
Teck Resources Ltd., Class B | | | | | 10,202 | | | | | | 90,125 | | |
TELUS Corp. | | | | | 14,681 | | | | | | 240,464 | | |
Thomson Reuters Corp. | | | | | 3,714 | | | | | | 262,236 | | |
Toronto-Dominion Bank (The) | | | | | 7,461 | | | | | | 312,417 | | |
WSP Global, Inc. | | | | | 3,624 | | | | | | 243,722 | | |
Total Canada | | | | | | | | | | | 12,164,812 | | |
Denmark — 0.9% | | | | | | | | | | | | | |
Carlsberg A/S, Class B | | | | | 1,784 | | | | | | 224,904 | | |
DSV PANALPINA A/S | | | | | 3,703 | | | | | | 382,009 | | |
ISS A/S*(a) | | | | | 12,306 | | | | | | 183,578 | | |
Novo Nordisk A/S, Class B | | | | | 9,638 | | | | | | 614,594 | | |
Orsted A/S‡ | | | | | 2,971 | | | | | | 300,300 | | |
Vestas Wind Systems A/S | | | | | 2,614 | | | | | | 224,990 | | |
Total Denmark | | | | | | | | | | | 1,930,375 | | |
Finland — 0.9% | | | | | | | | | | | | | |
Kesko OYJ, Class B | | | | | 12,770 | | | | | | 207,707 | | |
Kone OYJ, Class B | | | | | 2,921 | | | | | | 176,989 | | |
Neste OYJ | | | | | 6,905 | | | | | | 244,513 | | |
Nokia OYJ | | | | | 153,099 | | | | | | 557,399 | | |
Outokumpu OYJ* | | | | | 62,108 | | | | | | 167,142 | | |
Stora Enso OYJ, Class R* | | | | | 24,909 | | | | | | 294,655 | | |
UPM-Kymmene OYJ | | | | | 9,164 | | | | | | 253,543 | | |
Wartsila OYJ Abp | | | | | 22,647 | | | | | | 166,294 | | |
Total Finland | | | | | | | | | | | 2,068,242 | | |
France — 12.7% | | | | | | | | | | | | | |
Air France-KLM*(a) | | ��� | | | 94,040 | | | | | | 478,650 | | |
Air Liquide SA(a) | | | | | 4,044 | | | | | | 514,252 | | |
Airbus SE* | | | | | 15,805 | | | | | | 1,001,973 | | |
Arkema SA | | | | | 3,051 | | | | | | 252,971 | | |
Atos SE | | | | | 5,010 | | | | | | 357,014 | | |
AXA SA | | | | | 47,777 | | | | | | 847,539 | | |
BNP Paribas SA | | | | | 19,698 | | | | | | 618,669 | | |
Bollore SA | | | | | 217,087 | | | | | | 575,892 | | |
Bouygues SA* | | | | | 25,126 | | | | | | 773,601 | | |
Bureau Veritas SA | | | | | 9,421 | | | | | | 195,438 | | |
Capgemini SE | | | | | 4,222 | | | | | | 396,492 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | | | ||||||||||
Carrefour SA | | | | | 72,441 | | | | | $ | 1,070,756 | | |
Casino Guichard Perrachon SA(a) | | | | | 14,496 | | | | | | 543,486 | | |
Cie de Saint-Gobain | | | | | 26,353 | | | | | | 698,808 | | |
Cie Generale des Etablissements Michelin | | | | | 3,390 | | | | | | 330,834 | | |
CNP Assurances* | | | | | 30,340 | | | | | | 313,206 | | |
Credit Agricole SA | | | | | 45,370 | | | | | | 361,870 | | |
Danone SA | | | | | 7,701 | | | | | | 533,592 | | |
Eiffage SA | | | | | 5,704 | | | | | | 466,695 | | |
Electricite de France SA | | | | | 131,485 | | | | | | 1,047,569 | | |
Elior Group SA‡ | | | | | 31,741 | | | | | | 209,812 | | |
Engie SA | | | | | 101,914 | | | | | | 1,105,548 | | |
EssilorLuxottica SA | | | | | 2,342 | | | | | | 288,969 | | |
Faurecia SE | | | | | 8,873 | | | | | | 321,297 | | |
Kering SA | | | | | 521 | | | | | | 262,614 | | |
L’Oreal SA* | | | | | 2,157 | | | | | | 626,788 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 2,938 | | | | | | 1,134,181 | | |
Natixis SA | | | | | 55,596 | | | | | | 131,593 | | |
Orange SA | | | | | 67,339 | | | | | | 821,277 | | |
Orpea | | | | | 1,986 | | | | | | 220,789 | | |
Pernod Ricard SA | | | | | 1,356 | | | | | | 206,595 | | |
Peugeot SA | | | | | 60,125 | | | | | | 861,053 | | |
Publicis Groupe SA | | | | | 12,186 | | | | | | 362,113 | | |
Renault SA | | | | | 31,931 | | | | | | 633,240 | | |
Rexel SA | | | | | 32,993 | | | | | | 308,973 | | |
Safran SA | | | | | 5,381 | | | | | | 496,377 | | |
Sanofi | | | | | 9,468 | | | | | | 924,927 | | |
Schneider Electric SE*(a) | | | | | 4,789 | | | | | | 437,780 | | |
Societe Generale SA | | | | | 19,383 | | | | | | 302,743 | | |
Sodexo SA | | | | | 8,087 | | | | | | 642,182 | | |
SPIE SA | | | | | 16,887 | | | | | | 254,879 | | |
Suez | | | | | 28,958 | | | | | | 327,168 | | |
Teleperformance | | | | | 810 | | | | | | 181,431 | | |
Thales SA | | | | | 4,562 | | | | | | 345,476 | | |
TOTAL SA | | | | | 59,009 | | | | | | 2,123,179 | | |
Valeo SA | | | | | 16,562 | | | | | | 384,031 | | |
Veolia Environnement SA | | | | | 20,814 | | | | | | 444,211 | | |
Vinci SA | | | | | 18,427 | | | | | | 1,507,677 | | |
Vivendi SA | | | | | 18,360 | | | | | | 396,262 | | |
Total France | | | | | | | | | | | 27,642,472 | | |
Germany — 11.5% | | | | | | | | | | | | | |
adidas AG | | | | | 1,674 | | | | | | 383,575 | | |
Allianz SE | | | | | 4,548 | | | | | | 841,263 | | |
Aurubis AG | | | | | 4,968 | | | | | | 259,775 | | |
BASF SE | | | | | 41,960 | | | | | | 2,145,586 | | |
Bayer AG | | | | | 16,912 | | | | | | 1,114,016 | | |
Bayerische Motoren Werke AG | | | | | 23,329 | | | | | | 1,381,099 | | |
Beiersdorf AG | | | | | 1,604 | | | | | | 167,921 | | |
Brenntag AG | | | | | 7,999 | | | | | | 360,878 | | |
CECONOMY AG* | | | | | 149,395 | | | | | | 381,263 | | |
Continental AG* | | | | | 10,156 | | | | | | 858,762 | | |
Covestro AG‡* | | | | | 10,905 | | | | | | 366,449 | | |
Daimler AG | | | | | 50,823 | | | | | | 1,755,441 | | |
Deutsche Bank AG | | | | | 44,858 | | | | | | 333,023 | | |
Deutsche Lufthansa AG(a) | | | | | 70,109 | | | | | | 626,456 | | |
Deutsche Post AG | | | | | 44,419 | | | | | | 1,320,905 | | |
Deutsche Telekom AG* | | | | | 105,228 | | | | | | 1,535,789 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | | | ||||||||||
E.ON SE | | | | | 47,721 | | | | | $ | 478,051 | | |
Evonik Industries AG | | | | | 15,908 | | | | | | 391,344 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 9,521 | | | | | | 747,296 | | |
Fresenius SE & Co. KGaA | | | | | 18,348 | | | | | | 796,427 | | |
Hannover Rueck SE | | | | | 1,237 | | | | | | 197,136 | | |
HeidelbergCement AG | | | | | 8,250 | | | | | | 391,991 | | |
Infineon Technologies AG | | | | | 14,028 | | | | | | 260,434 | | |
LANXESS AG | | | | | 4,595 | | | | | | 226,279 | | |
Merck KGaA* | | | | | 3,402 | | | | | | 395,351 | | |
METRO AG | | | | | 62,621 | | | | | | 543,772 | | |
Muenchener Rueckversicherungs- Gesellschaft AG | | | | | 2,028 | | | | | | 446,031 | | |
ProSiebenSat.1 Media SE(a) | | | | | 20,263 | | | | | | 202,987 | | |
RWE AG | | | | | 14,243 | | | | | | 409,353 | | |
Salzgitter AG(a) | | | | | 15,111 | | | | | | 201,675 | | |
SAP SE | | | | | 7,123 | | | | | | 849,930 | | |
Siemens AG | | | | | 16,331 | | | | | | 1,514,700 | | |
Siemens Healthineers AG‡ | | | | | 14,530 | | | | | | 639,771 | | |
Telefonica Deutschland Holding AG | | | | | 67,374 | | | | | | 191,497 | | |
thyssenkrupp AG*(a) | | | | | 117,508 | | | | | | 782,536 | | |
TUI AG(a) | | | | | 66,273 | | | | | | 264,573 | | |
Uniper SE | | | | | 43,735 | | | | | | 1,173,622 | | |
United Internet AG | | | | | 6,725 | | | | | | 231,657 | | |
Total Germany | | | | | | | | | | | 25,168,614 | | |
Hong Kong — 0.8% | | | | | | | | | | | | | |
AIA Group Ltd. | | | | | 32,107 | | | | | | 297,987 | | |
CLP Holdings Ltd. | | | | | 21,895 | | | | | | 233,853 | | |
Dairy Farm International Holdings Ltd. | | | | | 38,266 | | | | | | 183,294 | | |
Li & Fung Ltd. | | | | | 1,856,894 | | | | | | 280,246 | | |
Nine Dragons Paper Holdings Ltd. | | | | | 199,668 | | | | | | 193,169 | | |
WH Group Ltd.‡ | | | | | 369,947 | | | | | | 356,950 | | |
Yue Yuen Industrial Holdings Ltd. | | | | | 106,575 | | | | | | 171,293 | | |
Total Hong Kong | | | | | | | | | | | 1,716,792 | | |
Ireland — 0.4% | | | | | | | | | | | | | |
CRH PLC | | | | | 21,673 | | | | | | 656,094 | | |
Smurfit Kappa Group PLC | | | | | 8,671 | | | | | | 274,304 | | |
Total Ireland | | | | | | | | | | | 930,398 | | |
Israel — 0.2% | | | | | | | | | | | | | |
Teva Pharmaceutical Industries Ltd.* | | | | | 45,316 | | | | | | 501,219 | | |
Italy — 2.9% | | | | | | | | | | | | | |
Assicurazioni Generali SpA | | | | | 42,441 | | | | | | 605,010 | | |
Atlantia SpA | | | | | 13,370 | | | | | | 217,539 | | |
Autogrill SpA | | | | | 38,871 | | | | | | 200,786 | | |
Enel SpA | | | | | 245,435 | | | | | | 1,676,392 | | |
Eni SpA | | | | | 121,313 | | | | | | 1,157,865 | | |
Intesa Sanpaolo SpA | | | | | 163,239 | | | | | | 254,426 | | |
Leonardo SpA | | | | | 40,981 | | | | | | 282,516 | | |
Poste Italiane SpA‡ | | | | | 64,574 | | | | | | 548,283 | | |
Prysmian SpA | | | | | 9,642 | | | | | | 181,330 | | |
Saipem SpA* | | | | | 90,553 | | | | | | 232,187 | | |
Saras SpA | | | | | 196,119 | | | | | | 184,736 | | |
Telecom Italia SpA* | | | | | 1,014,255 | | | | | ��� | 401,706 | | |
UniCredit SpA* | | | | | 25,434 | | | | | | 195,813 | | |
Unipol Gruppo SpA | | | | | 45,364 | | | | | | 156,216 | | |
Total Italy | | | | | | | | | | | 6,294,805 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan — 33.3% | | | | | | | | | | | | | |
Aeon Co., Ltd. | | | | | 55,598 | | | | | $ | 1,129,014 | | |
AGC, Inc. | | | | | 9,006 | | | | | | 227,308 | | |
Aisin Seiki Co., Ltd. | | | | | 15,445 | | | | | | 449,910 | | |
Ajinomoto Co., Inc. | | | | | 13,937 | | | | | | 249,715 | | |
Alfresa Holdings Corp. | | | | | 17,549 | | | | | | 354,147 | | |
Alps Alpine Co., Ltd. | | | | | 10,166 | | | | | | 106,760 | | |
ANA Holdings, Inc.* | | | | | 11,701 | | | | | | 251,779 | | |
Asahi Group Holdings Ltd. | | | | | 8,552 | | | | | | 299,102 | | |
Asahi Kasei Corp. | | | | | 41,337 | | | | | | 295,720 | | |
Astellas Pharma, Inc. | | | | | 22,452 | | | | | | 375,092 | | |
Bridgestone Corp. | | | | | 11,583 | | | | | | 365,899 | | |
Canon, Inc. | | | | | 27,482 | | | | | | 587,110 | | |
Central Japan Railway Co. | | | | | 1,847 | | | | | | 293,713 | | |
Chubu Electric Power Co., Inc. | | | | | 32,134 | | | | | | 438,280 | | |
Chugoku Electric Power Co., Inc. (The)(a) | | | | | 20,134 | | | | | | 272,257 | | |
Cosmo Energy Holdings Co., Ltd. | | | | | 18,821 | | | | | | 287,239 | | |
Dai Nippon Printing Co., Ltd. | | | | | 15,842 | | | | | | 339,255 | | |
Dai-ichi Life Holdings, Inc. | | | | | 36,907 | | | | | | 469,729 | | |
Daiichi Sankyo Co., Ltd. | | | | | 5,065 | | | | | | 349,650 | | |
Daikin Industries Ltd. | | | | | 3,170 | | | | | | 415,167 | | |
Denso Corp. | | | | | 19,853 | | | | | | 707,716 | | |
Dentsu Group, Inc. | | | | | 7,441 | | | | | | 158,513 | | |
East Japan Railway Co. | | | | | 7,553 | | | | | | 556,083 | | |
Fast Retailing Co., Ltd. | | | | | 825 | | | | | | 397,321 | | |
Fuji Media Holdings, Inc. | | | | | 15,882 | | | | | | 160,105 | | |
FUJIFILM Holdings Corp. | | | | | 6,351 | | | | | | 305,212 | | |
Fujitsu Ltd. | | | | | 13,452 | | | | | | 1,325,261 | | |
Hakuhodo DY Holdings, Inc. | | | | | 24,017 | | | | | | 269,962 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 5,461 | | | | | | 188,953 | | |
Hanwa Co., Ltd. | | | | | 13,791 | | | | | | 223,241 | | |
Haseko Corp. | | | | | 19,763 | | | | | | 218,449 | | |
Hino Motors Ltd. | | | | | 33,654 | | | | | | 203,306 | | |
HIS Co., Ltd. | | | | | 6,791 | | | | | | 91,512 | | |
Hitachi Ltd. | | | | | 38,937 | | | | | | 1,180,108 | | |
Honda Motor Co., Ltd. | | | | | 52,949 | | | | | | 1,292,592 | | |
Idemitsu Kosan Co., Ltd. | | | | | 17,694 | | | | | | 408,699 | | |
IHI Corp. | | | | | 9,421 | | | | | | 119,023 | | |
Isetan Mitsukoshi Holdings Ltd.(a) | | | | | 20,882 | | | | | | 128,493 | | |
Isuzu Motors Ltd. | | | | | 20,159 | | | | | | 155,507 | | |
ITOCHU Corp.(a) | | | | | 155,216 | | | | | | 3,084,434 | | |
Japan Airlines Co., Ltd. | | | | | 9,690 | | | | | | 175,795 | | |
Japan Post Holdings Co., Ltd. | | | | | 77,198 | | | | | | 624,312 | | |
Japan Post Insurance Co., Ltd. | | | | | 17,863 | | | | | | 230,857 | | |
Japan Tobacco, Inc. | | | | | 17,374 | | | | | | 327,301 | | |
JFE Holdings, Inc. | | | | | 41,574 | | | | | | 281,475 | | |
JTEKT Corp. | | | | | 18,736 | | | | | | 139,467 | | |
JXTG Holdings, Inc. | | | | | 302,794 | | | | | | 1,083,642 | | |
Kajima Corp. | | | | | 32,079 | | | | | | 338,984 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 38,130 | | | | | | 394,012 | | |
Kao Corp. | | | | | 3,672 | | | | | | 285,560 | | |
Kawasaki Heavy Industries Ltd. | | | | | 9,589 | | | | | | 147,420 | | |
Kawasaki Kisen Kaisha Ltd.* | | | | | 19,815 | | | | | | 199,568 | | |
KDDI Corp. | | | | | 55,221 | | | | | | 1,605,481 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 5,797 | | | | | | 279,726 | | |
Kirin Holdings Co., Ltd. | | | | | 14,438 | | | | | | 280,632 | | |
Kobe Steel Ltd.* | | | | | 46,911 | | | | | | 160,121 | | |
Komatsu Ltd. | | | | | 18,291 | | | | | | 352,786 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Konica Minolta, Inc. | | | | | 25,054 | | | | | $ | 98,637 | | |
Kubota Corp. | | | | | 20,014 | | | | | | 252,105 | | |
Kyocera Corp. | | | | | 5,997 | | | | | | 324,091 | | |
Kyushu Electric Power Co., Inc. | | | | | 29,927 | | | | | | 238,722 | | |
LIXIL Group Corp. | | | | | 19,017 | | | | | | 232,611 | | |
Marubeni Corp. | | | | | 188,102 | | | | | | 921,732 | | |
Mazda Motor Corp. | | | | | 34,928 | | | | | | 199,897 | | |
Medipal Holdings Corp. | | | | | 24,513 | | | | | | 480,013 | | |
MEIJI Holdings Co., Ltd. | | | | | 2,935 | | | | | | 205,026 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 108,368 | | | | | | 625,674 | | |
Mitsubishi Corp. | | | | | 116,668 | | | | | | 2,509,341 | | |
Mitsubishi Electric Corp. | | | | | 70,637 | | | | | | 885,481 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 12,945 | | | | | | 334,535 | | |
Mitsubishi Materials Corp. | | | | | 9,493 | | | | | | 196,722 | | |
Mitsubishi Motors Corp. | | | | | 53,271 | | | | | | 151,940 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 98,866 | | | | | | 401,529 | | |
Mitsui & Co., Ltd. | | | | | 94,201 | | | | | | 1,333,710 | | |
Mitsui Chemicals, Inc. | | | | | 12,610 | | | | | | 250,702 | | |
Mitsui OSK Lines Ltd. | | | | | 12,326 | | | | | | 218,199 | | |
Mizuho Financial Group, Inc. | | | | | 205,851 | | | | | | 242,166 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 12,742 | | | | | | 372,007 | | |
Murata Manufacturing Co., Ltd. | | | | | 7,567 | | | | | | 425,920 | | |
NEC Corp. | | | | | 17,310 | | | | | | 674,205 | | |
NH Foods Ltd. | | | | | 6,411 | | | | | | 231,116 | | |
Nidec Corp. | | | | | 3,798 | | | | | | 223,259 | | |
Nippon Express Co., Ltd. | | | | | 7,496 | | | | | | 370,822 | | |
Nippon Paper Industries Co., Ltd. | | | | | 11,066 | | | | | | 160,296 | | |
Nippon Steel Corp. | | | | | 56,717 | | | | | | 483,660 | | |
Nippon Telegraph & Telephone Corp. | | | | | 139,626 | | | | | | 3,189,847 | | |
Nippon Yusen K.K. | | | | | 24,611 | | | | | | 329,113 | | |
Nissan Motor Co., Ltd. | | | | | 147,273 | | | | | | 509,296 | | |
Nitto Denko Corp. | | | | | 3,830 | | | | | | 193,765 | | |
Nomura Research Institute Ltd. | | | | | 13,398 | | | | | | 330,017 | | |
NTT Data Corp. | | | | | 52,078 | | | | | | 538,142 | | |
NTT DOCOMO, Inc. | | | | | 54,650 | | | | | | 1,608,811 | | |
Obayashi Corp. | | | | | 48,698 | | | | | | 433,539 | | |
Oji Holdings Corp. | | | | | 50,039 | | | | | | 257,366 | | |
Olympus Corp.* | | | | | 19,538 | | | | | | 315,265 | | |
Omron Corp. | | | | | 4,700 | | | | | | 279,534 | | |
Oriental Land Co., Ltd. | | | | | 1,840 | | | | | | 235,388 | | |
ORIX Corp. | | | | | 15,812 | | | | | | 190,599 | | |
Osaka Gas Co., Ltd. | | | | | 13,156 | | | | | | 245,933 | | |
Otsuka Corp. | | | | | 7,000 | | | | | | 317,155 | | |
Otsuka Holdings Co., Ltd. | | | | | 7,870 | | | | | | 313,151 | | |
PALTAC Corp. | | | | | 4,135 | | | | | | 218,090 | | |
Panasonic Corp. | | | | | 99,311 | | | | | | 767,853 | | |
Persol Holdings Co., Ltd. | | | | | 17,066 | | | | | | 201,246 | | |
Rakuten, Inc. | | | | | 35,760 | | | | | | 306,318 | | |
Recruit Holdings Co., Ltd. | | | | | 22,691 | | | | | | 675,202 | | |
Renesas Electronics Corp.* | | | | | 43,707 | | | | | | 237,060 | | |
Ricoh Co., Ltd. | | | | | 39,753 | | | | | | 275,094 | | |
Secom Co., Ltd. | | | | | 3,669 | | | | | | 308,967 | | |
Seibu Holdings, Inc. | | | | | 11,920 | | | | | | 144,353 | | |
Seiko Epson Corp. | | | | | 16,583 | | | | | | 190,278 | | |
Sekisui House Ltd. | | | | | 12,603 | | | | | | 219,037 | | |
Seven & i Holdings Co., Ltd. | | | | | 33,031 | | | | | | 1,097,481 | | |
SG Holdings Co., Ltd. | | | | | 8,747 | | | | | | 244,738 | | |
Sharp Corp.* | | | | | 24,945 | | | | | | 279,694 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Shimizu Corp. | | | | | 47,067 | | | | | $ | 367,962 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 4,280 | | | | | | 480,892 | | |
Ship Healthcare Holdings, Inc. | | | | | 5,709 | | | | | | 260,531 | | |
Shiseido Co., Ltd. | | | | | 3,001 | | | | | | 178,991 | | |
Showa Denko K.K. | | | | | 6,553 | | | | | | 145,541 | | |
SoftBank Group Corp. | | | | | 34,712 | | | | | | 1,503,911 | | |
Sojitz Corp. | | | | | 106,944 | | | | | | 252,021 | | |
Sompo Holdings, Inc. | | | | | 7,644 | | | | | | 250,189 | | |
Sony Corp. | | | | | 23,234 | | | | | | 1,506,131 | | |
Subaru Corp. | | | | | 17,149 | | | | | | 348,801 | | |
Sumitomo Chemical Co., Ltd. | | | | | 88,783 | | | | | | 277,304 | | |
Sumitomo Corp. | | | | | 78,084 | | | | | | 897,051 | | |
Sumitomo Electric Industries Ltd. | | | | | 32,677 | | | | | | 340,261 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 7,026 | | | | | | 178,615 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 13,803 | | | | | | 367,099 | | |
Suntory Beverage & Food Ltd. | | | | | 5,222 | | | | | | 198,019 | | |
Suzuken Co., Ltd. | | | | | 6,686 | | | | | | 260,100 | | |
Suzuki Motor Corp. | | | | | 10,420 | | | | | | 338,028 | | |
T&D Holdings, Inc. | | | | | 13,100 | | | | | | 115,032 | | |
Taiheiyo Cement Corp. | | | | | 5,950 | | | | | | 118,961 | | |
Taisei Corp. | | | | | 8,913 | | | | | | 282,139 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 9,676 | | | | | | 351,353 | | |
TDK Corp. | | | | | 4,049 | | | | | | 355,165 | | |
Teijin Ltd. | | | | | 12,162 | | | | | | 196,189 | | |
Toho Holdings Co., Ltd. | | | | | 10,075 | | | | | | 211,138 | | |
Tohoku Electric Power Co., Inc. | | | | | 30,808 | | | | | | 291,846 | | |
Tokio Marine Holdings, Inc. | | | | | 8,428 | | | | | | 400,849 | | |
Tokyo Electric Power Co., Holdings, Inc.* | | | | | 159,340 | | | | | | 540,893 | | |
Tokyo Electron Ltd. | | | | | 2,255 | | | | | | 483,749 | | |
Tokyo Gas Co., Ltd. | | | | | 12,499 | | | | | | 275,613 | | |
Tokyu Corp. | | | | | 15,069 | | | | | | 228,850 | | |
Toppan Printing Co., Ltd. | | | | | 25,744 | | | | | | 388,080 | | |
Toray Industries, Inc. | | | | | 71,107 | | | | | | 331,879 | | |
Toshiba Corp. | | | | | 12,770 | | | | | | 320,877 | | |
Tosoh Corp. | | | | | 13,483 | | | | | | 167,568 | | |
Toyota Boshoku Corp. | | | | | 14,383 | | | | | | 181,040 | | |
Toyota Industries Corp. | | | | | 6,344 | | | | | | 322,139 | | |
Toyota Motor Corp. | | | | | 49,911 | | | | | | 3,111,299 | | |
Toyota Tsusho Corp. | | | | | 41,187 | | | | | | 996,792 | | |
West Japan Railway Co. | | | | | 4,667 | | | | | | 290,970 | | |
Yamada Denki Co., Ltd. | | | | | 53,683 | | | | | | 257,032 | | |
Yamaha Motor Co., Ltd. | | | | | 11,167 | | | | | | 146,512 | | |
Yamato Holdings Co., Ltd. | | | | | 13,172 | | | | | | 232,559 | | |
Yamazaki Baking Co., Ltd.(a) | | | | | 12,667 | | | | | | 224,946 | | |
Z Holdings Corp. | | | | | 131,112 | | | | | | 513,732 | | |
Zensho Holdings Co., Ltd. | | | | | 9,253 | | | | | | 184,826 | | |
Total Japan | | | | | | | | | | | 72,808,400 | | |
Luxembourg — 0.8% | | | | | | | | | | | | | |
ArcelorMittal SA | | | | | 137,315 | | | | | | 1,504,312 | | |
RTL Group SA | | | | | 6,565 | | | | | | 218,883 | | |
Total Luxembourg | | | | | | | | | | | 1,723,195 | | |
Netherlands — 3.3% | | | | | | | | | | | | | |
Aegon NV | | | | | 84,291 | | | | | | 216,961 | | |
Akzo Nobel NV | | | | | 3,204 | | | | | | 242,846 | | |
Altice Europe NV* | | | | | 102,671 | | | | | | 408,776 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Netherlands (continued) | | | | ||||||||||
ASML Holding NV | | | | | 768 | | | | | $ | 227,668 | | |
EXOR NV | | | | | 16,961 | | | | | | 926,825 | | |
Heineken Holding NV | | | | | 5,880 | | | | | | 457,910 | | |
Heineken NV | | | | | 5,388 | | | | | | 458,072 | | |
ING Groep NV | | | | | 30,220 | | | | | | 165,765 | | |
Koninklijke Ahold Delhaize NV | | | | | 39,125 | | | | | | 949,636 | | |
Koninklijke DSM NV | | | | | 1,940 | | | | | | 237,455 | | |
Koninklijke Philips NV | | | | | 9,859 | | | | | | 428,865 | | |
NN Group NV | | | | | 6,775 | | | | | | 195,980 | | |
Randstad NV | | | | | 16,204 | | | | | | 650,118 | | |
Royal Dutch Shell PLC, Class B | | | | | 92,457 | | | | | | 1,500,209 | | |
Wolters Kluwer NV | | | | | 2,495 | | | | | | 183,424 | | |
Total Netherlands | | | | | | | | | | | 7,250,510 | | |
Norway — 1.0% | | | | | | | | | | | | | |
Equinor ASA | | | | | 95,061 | | | | | | 1,334,354 | | |
Norsk Hydro ASA | | | | | 145,835 | | | | | | 373,451 | | |
Telenor ASA | | | | | 18,915 | | | | | | 291,048 | | |
Yara International ASA | | | | | 7,670 | | | | | | 262,158 | | |
Total Norway | | | | | | | | | | | 2,261,011 | | |
Portugal — 0.4% | | | | | | | | | | | | | |
EDP — Energias de Portugal SA | | | | | 73,852 | | | | | | 311,427 | | |
Galp Energia SGPS SA | | | | | 23,795 | | | | | | 274,049 | | |
Jeronimo Martins SGPS SA | | | | | 15,707 | | | | | | 265,197 | | |
Total Portugal | | | | | | | | | | | 850,673 | | |
Singapore — 0.8% | | | | | | | | | | | | | |
Jardine Cycle & Carriage Ltd. | | | | | 19,698 | | | | | | 281,400 | | |
Oversea-Chinese Banking Corp. Ltd. | | | | | 26,904 | | | | | | 172,773 | | |
Sembcorp Industries Ltd. | | | | | 136,173 | | | | | | 156,710 | | |
Singapore Airlines Ltd.(a) | | | | | 55,497 | | | | | | 240,880 | | |
Singapore Telecommunications Ltd. | | | | | 138,685 | | | | | | 278,808 | | |
Wilmar International Ltd. | | | | | 286,815 | | | | | | 727,377 | | |
Total Singapore | | | | | | | | | | | 1,857,948 | | |
Spain — 3.1% | | | | | | | | | | | | | |
Acciona SA | | | | | 2,045 | | | | | | 202,486 | | |
ACS Actividades de Construccion y Servicios SA | | | | | 46,566 | | | | | | 1,161,355 | | |
Amadeus IT Group SA | | | | | 3,923 | | | | | | 188,718 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 67,333 | | | | | | 220,291 | | |
Banco Santander SA | | | | | 268,499 | | | | | | 599,202 | | |
Cia de Distribucion Integral Logista Holdings SA | | | | | 12,652 | | | | | | 225,327 | | |
Endesa SA | | | | | 16,477 | | | | | | 365,457 | | |
Iberdrola SA | | | | | 68,890 | | | | | | 689,661 | | |
Industria de Diseno Textil SA | | | | | 20,762 | | | | | | 528,719 | | |
Mapfre SA | | | | | 112,161 | | | | | | 205,282 | | |
Naturgy Energy Group SA | | | | | 18,657 | | | | | | 329,208 | | |
Repsol SA | | | | | 89,051 | | | | | | 810,927 | | |
Siemens Gamesa Renewable Energy SA* | | | | | 10,217 | | | | | | 151,858 | | |
Telefonica SA | | | | | 220,428 | | | | | | 1,009,197 | | |
Total Spain | | | | | | | | | | | 6,687,688 | | |
Sweden — 2.0% | | | | | | | | | | | | | |
Assa Abloy AB, B Shares(a) | | | | | 9,006 | | | | | | 162,330 | | |
Atlas Copco AB, A Shares(a) | | | | | 5,362 | | | | | | 186,269 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden (continued) | | | | ||||||||||
Electrolux AB, Series B | | | | | 13,571 | | | | | $ | 187,367 | | |
Essity AB, B Shares* | | | | | 7,702 | | | | | | 250,367 | | |
Hennes & Mauritz AB, B Shares(a) | | | | | 29,933 | | | | | | 417,405 | | |
ICA Gruppen AB(a) | | | | | 4,806 | | | | | | 209,714 | | |
NCC AB, B Shares | | | | | 13,106 | | | | | | 201,947 | | |
Sandvik AB* | | | | | 12,511 | | | | | | 193,803 | | |
Securitas AB, B Shares(a) | | | | | 26,842 | | | | | | 317,277 | | |
Skanska AB, B Shares* | | | | | 25,466 | | | | | | 487,956 | | |
SKF AB, B Shares | | | | | 12,055 | | | | | | 191,985 | | |
SSAB AB, A Shares*(a) | | | | | 69,915 | | | | | | 171,008 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 57,079 | | | | | | 497,320 | | |
Telia Co. AB | | | | | 53,132 | | | | | | 183,594 | | |
Volvo AB, B Shares* | | | | | 52,091 | | | | | | 672,790 | | |
Total Sweden | | | | | | | | | | | 4,331,132 | | |
Switzerland — 5.1% | | | | | | | | | | | | | |
ABB Ltd. | | | | | 24,033 | | | | | | 456,307 | | |
Adecco Group AG | | | | | 15,127 | | | | | | 663,134 | | |
Cie Financiere Richemont SA | | | | | 3,064 | | | | | | 174,034 | | |
Credit Suisse Group AG* | | | | | 28,169 | | | | | | 254,678 | | |
Glencore PLC* | | | | | 535,103 | | | | | | 992,855 | | |
Kuehne + Nagel International AG | | | | | 2,729 | | | | | | 390,342 | | |
LafargeHolcim Ltd.* | | | | | 11,512 | | | | | | 477,584 | | |
Nestle SA | | | | | 23,041 | | | | | | 2,432,656 | | |
Novartis AG | | | | | 13,961 | | | | | | 1,189,900 | | |
Roche Holding AG | | | | | 6,292 | | | | | | 2,186,864 | | |
Schindler Holding AG — Participating Certificate | | | | | 757 | | | | | | 168,240 | | |
Sika AG | | | | | 965 | | | | | | 159,675 | | |
STMicroelectronics NV | | | | | 10,242 | | | | | | 265,980 | | |
Swiss Life Holding AG | | | | | 466 | | | | | | 165,078 | | |
Swiss Re AG | | | | | 3,647 | | | | | | 263,223 | | |
Swisscom AG | | | | | 428 | | | | | | 222,525 | | |
UBS Group AG* | | | | | 33,101 | | | | | | 354,623 | | |
Zurich Insurance Group AG | | | | | 966 | | | | | | 307,571 | | |
Total Switzerland | | | | | | | | | | | 11,125,269 | | |
United Kingdom — 8.9% | | | | | | | | | | | | | |
Associated British Foods PLC | | | | | 12,772 | | | | | | 304,881 | | |
AstraZeneca PLC | | | | | 7,818 | | | | | | 820,652 | | |
Aviva PLC | | | | | 43,865 | | | | | | 133,786 | | |
Babcock International Group PLC | | | | | 35,892 | | | | | | 190,823 | | |
BAE Systems PLC | | | | | 84,823 | | | | | | 543,945 | | |
Balfour Beatty PLC | | | | | 72,601 | | | | | | 237,729 | | |
Barclays PLC | | | | | 135,130 | | | | | | 180,503 | | |
BP PLC | | | | | 307,871 | | | | | | 1,215,871 | | |
British American Tobacco PLC | | | | | 18,269 | | | | | | 709,859 | | |
BT Group PLC | | | | | 265,115 | | | | | | 388,075 | | |
Bunzl PLC | | | | | 8,815 | | | | | | 192,077 | | |
Capita PLC* | | | | | 123,935 | | | | | | 60,936 | | |
Centrica PLC | | | | | 477,360 | | | | | | 240,245 | | |
CK Hutchison Holdings Ltd. | | | | | 83,017 | | | | | | 614,675 | | |
Compass Group PLC | | | | | 37,012 | | | | | | 623,713 | | |
Computacenter PLC | | | | | 15,876 | | | | | | 291,567 | | |
DCC PLC | | | | | 3,652 | | | | | | 260,633 | | |
Diageo PLC | | | | | 8,912 | | | | | | 309,132 | | |
Dixons Carphone PLC | | | | | 134,917 | | | | | | 132,143 | | |
DS Smith PLC | | | | | 47,005 | | | | | | 184,925 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | | | ||||||||||
easyJet PLC(a) | | | | | 14,512 | | | | | $ | 110,414 | | |
Experian PLC | | | | | 7,442 | | | | | | 223,034 | | |
Fiat Chrysler Automobiles NV | | | | | 143,166 | | | | | | 1,256,987 | | |
G4S PLC | | | | | 134,254 | | | | | | 184,921 | | |
GlaxoSmithKline PLC | | | | | 59,193 | | | | | | 1,240,154 | | |
Hays PLC | | | | | 135,656 | | | | | | 185,654 | | |
HSBC Holdings PLC | | | | | 73,131 | | | | | | 378,200 | | |
Imperial Brands PLC | | | | | 13,251 | | | | | | 280,631 | | |
Inchcape PLC | | | | | 32,186 | | | | | | 203,598 | | |
InterContinental Hotels Group PLC | | | | | 3,317 | | | | | | 150,955 | | |
International Consolidated Airlines Group SA | | | | | 18,060 | | | | | | 50,549 | | |
ITV PLC | | | | | 118,210 | | | | | | 114,065 | | |
J Sainsbury PLC | | | | | 203,149 | | | | | | 507,616 | | |
John Wood Group PLC | | | | | 42,630 | | | | | | 108,941 | | |
Johnson Matthey PLC | | | | | 9,895 | | | | | | 248,685 | | |
Kingfisher PLC | | | | | 96,117 | | | | | | 190,706 | | |
Legal & General Group PLC | | | | | 54,524 | | | | | | 140,711 | | |
Lloyds Banking Group PLC | | | | | 427,099 | | | | | | 173,684 | | |
Marks & Spencer Group PLC | | | | | 90,994 | | | | | | 105,708 | | |
Mondi PLC | | | | | 10,547 | | | | | | 187,579 | | |
National Grid PLC | | | | | 39,349 | | | | | | 463,472 | | |
Pearson PLC(a) | | | | | 19,894 | | | | | | 115,379 | | |
Petrofac Ltd. | | | | | 30,761 | | | | | | 76,398 | | |
Prudential PLC | | | | | 20,700 | | | | | | 294,651 | | |
Reckitt Benckiser Group PLC | | | | | 4,405 | | | | | | 368,379 | | |
RELX PLC | | | | | 16,466 | | | | | | 373,122 | | |
Rolls-Royce Holdings PLC* | | | | | 40,734 | | | | | | 169,554 | | |
Royal Bank of Scotland Group PLC | | | | | 67,419 | | | | | | 94,011 | | |
Royal Mail PLC | | | | | 103,539 | | | | | | 217,447 | | |
SSE PLC | | | | | 36,841 | | | | | | 580,868 | | |
Standard Chartered PLC | | | | | 30,766 | | | | | | 158,137 | | |
Tesco PLC | | | | | 402,530 | | | | | | 1,193,677 | | |
Travis Perkins PLC | | | | | 12,601 | | | | | | 165,221 | | |
Vodafone Group PLC | | | | | 555,839 | | | | | | 786,222 | | |
Wm Morrison Supermarkets PLC(a) | | | | | 136,110 | | | | | | 314,179 | | |
WPP PLC | | | | | 61,048 | | | | | | 478,342 | | |
Total United Kingdom | | | | | | | | | | | 19,528,021 | | |
United States — 0.4% | | | | | | | | | | | | | |
Amcor PLC | | | | | 21,586 | | | | | | 198,842 | | |
Ferguson PLC | | | | | 8,072 | | | | | | 584,018 | | |
Total United States | | | | | | | | | | | 782,860 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $271,357,677) | | | | | | | | | | | 217,389,432 | | |
Preferred Stocks — 1.4% | | | | | | | | | | | | | |
Germany — 1.4% | | | | | | | | | | | | | |
Henkel AG & Co. KGaA, 2.42% | | | | | 4,831 | | | | | | 428,815 | | |
Schaeffler AG, 7.40% | | | | | 39,397 | | | | | | 268,618 | | |
Volkswagen AG, 4.16% | | | | | 15,977 | | | | | | 2,243,799 | | |
Total Germany | | | | | | | | | | | 2,941,232 | | |
Total Preferred Stocks | | | | | | | | | | | | | |
(Cost $3,803,655) | | | | | | | | | | | 2,941,232 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Short-Term Investment — 4.3% | | | | | | | | | | | | | |
Money Market Fund — 4.3% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | | | | | | | | | |
(Cost $9,440,603) | | | | | 9,440,603 | | | | | $ | 9,440,603 | | |
Total Investments — 105.2% | | | | | | | | | | | | | |
(Cost $284,601,935) | | | | | | | | | | | 229,771,267 | | |
Other Assets and Liabilities, Net — (5.2)% | | | | | | | | | | | (11,320,003) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 218,451,264 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | �� | | | | | |
Australia | | | | $ | 6,899,488 | | | | | $ | — | | | | | $ | — | | | | | $ | 6,899,488 | | |
Austria | | | | | 687,811 | | | | | | — | | | | | | — | | | | | | 687,811 | | |
Belgium | | | | | 2,177,697 | | | | | | — | | | | | | — | | | | | | 2,177,697 | | |
Canada | | | | | 12,164,812 | | | | | | — | | | | | | — | | | | | | 12,164,812 | | |
Denmark | | | | | 1,930,375 | | | | | | — | | | | | | — | | | | | | 1,930,375 | | |
Finland | | | | | 2,068,242 | | | | | | — | | | | | | — | | | | | | 2,068,242 | | |
France | | | | | 27,642,472 | | | | | | — | | | | | | — | | | | | | 27,642,472 | | |
Germany | | | | | 25,168,614 | | | | | | — | | | | | | — | | | | | | 25,168,614 | | |
Hong Kong | | | | | 1,716,792 | | | | | | — | | | | | | — | | | | | | 1,716,792 | | |
Ireland | | | | | 930,398 | | | | | | — | | | | | | — | | | | | | 930,398 | | |
Israel | | | | | 501,219 | | | | | | — | | | | | | — | | | | | | 501,219 | | |
Italy | | | | | 6,294,805 | | | | | | — | | | | | | — | | | | | | 6,294,805 | | |
Japan | | | | | 72,808,400 | | | | | | — | | | | | | — | | | | | | 72,808,400 | | |
Luxembourg | | | | | 1,723,195 | | | | | | — | | | | | | — | | | | | | 1,723,195 | | |
Netherlands | | | | | 7,250,510 | | | | | | — | | | | | | — | | | | | | 7,250,510 | | |
Norway | | | | | 2,261,011 | | | | | | — | | | | | | — | | | | | | 2,261,011 | | |
Portugal | | | | | 850,673 | | | | | | — | | | | | | — | | | | | | 850,673 | | |
Singapore | | | | | 1,857,948 | | | | | | — | | | | | | — | | | | | | 1,857,948 | | |
Spain | | | | | 6,687,688 | | | | | | — | | | | | | — | | | | | | 6,687,688 | | |
Sweden | | | | | 4,331,132 | | | | | | — | | | | | | — | | | | | | 4,331,132 | | |
Switzerland | | | | | 11,125,269 | | | | | | — | | | | | | — | | | | | | 11,125,269 | | |
United Kingdom | | | | | 19,528,021 | | | | | | — | | | | | | — | | | | | | 19,528,021 | | |
United States | | | | | 782,860 | | | | | | — | | | | | | — | | | | | | 782,860 | | |
Total Common Stocks | | | | | 217,389,432 | | | | | | — | | | | | | — | | | | | | 217,389,432 | | |
Preferred Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Germany | | | | | 2,941,232 | | | | | | — | | | | | | — | | | | | | 2,941,232 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 9,440,603 | | | | | | — | | | | | | — | | | | | | 9,440,603 | | |
Total Investments in Securities | | | | $ | 229,771,267 | | | | | $ | — | | | | | $ | — | | | | | $ | 229,771,267 | | |
Investments in Securities | | | Balance as of April 30, 2019 | | | Accrued Discounts (Premiums) | | | Realized Gain (Loss) | | | Change in Unrealized Appreciation (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation (Depreciation) from Investments Still Held at April 30, 2020 | | ||||||||||||||||||||||||||||||
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Rolls-Royce Holdings PLC — Entitlement Shares | | | | $ | 1,326 | | | | | $ | — | | | | | $ | (21) | | | | | $ | (13) | | | | | $ | 945 | | | | | $ | (2,237) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.3% | | ||||||||||||
Australia — 6.8% | | ||||||||||||
Afterpay Ltd.* | | | | | 3,649 | | | | | $ | 74,537 | | |
AGL Energy Ltd. | | | | | 14,183 | | | | | | 157,484 | | |
Alumina Ltd. | | | | | 66,441 | | | | | | 75,471 | | |
AMP Ltd.* | | | | | 79,591 | | | | | | 74,515 | | |
APA Group | | | | | 26,908 | | | | | | 192,374 | | |
Aristocrat Leisure Ltd. | | | | | 14,260 | | | | | | 237,975 | | |
ASX Ltd. | | | | | 5,141 | | | | | | 274,482 | | |
Aurizon Holdings Ltd. | | | | | 46,290 | | | | | | 142,136 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 54,010 | | | | | | 597,590 | | |
Bendigo & Adelaide Bank Ltd. | | | | | 14,994 | | | | | | 64,200 | | |
BHP Group Ltd.(a) | | | | | 55,473 | | | | | | 1,174,893 | | |
BHP Group PLC | | | | | 39,213 | | | | | | 660,902 | | |
BlueScope Steel Ltd. | | | | | 10,924 | | | | | | 73,307 | | |
Boral Ltd. | | | | | 32,567 | | | | | | 64,391 | | |
Brambles Ltd. | | | | | 32,511 | | | | | | 235,837 | | |
Caltex Australia Ltd. | | | | | 6,058 | | | | | | 98,837 | | |
Coca-Cola Amatil Ltd. | | | | | 17,894 | | | | | | 101,688 | | |
Cochlear Ltd. | | | | | 959 | | | | | | 115,840 | | |
Coles Group Ltd. | | | | | 23,064 | | | | | | 234,201 | | |
Commonwealth Bank of Australia | | | | | 33,933 | | | | | | 1,392,717 | | |
Computershare Ltd. | | | | | 14,389 | | | | | | 114,741 | | |
CSL Ltd. | | | | | 8,713 | | | | | | 1,765,170 | | |
Dexus | | | | | 28,819 | | | | | | 172,829 | | |
Fortescue Metals Group Ltd. | | | | | 31,909 | | | | | | 249,854 | | |
Goodman Group | | | | | 38,831 | | | | | | 334,308 | | |
GPT Group (The) | | | | | 50,998 | | | | | | 141,233 | | |
Incitec Pivot Ltd. | | | | | 44,100 | | | | | | 69,005 | | |
Insurance Australia Group Ltd. | | | | | 52,118 | | | | | | 197,223 | | |
Lendlease Group | | | | | 11,961 | | | | | | 96,790 | | |
Macquarie Group Ltd. | | | | | 6,681 | | | | | | 449,040 | | |
Medibank Pvt Ltd. | | | | | 71,049 | | | | | | 125,593 | | |
Mirvac Group | | | | | 104,744 | | | | | | 153,610 | | |
National Australia Bank Ltd. | | | | | 52,523 | | | | | | 583,200 | | |
Newcrest Mining Ltd. | | | | | 14,940 | | | | | | 269,375 | | |
Northern Star Resources Ltd. | | | | | 15,079 | | | | | | 126,266 | | |
Oil Search Ltd. | | | | | 30,518 | | | | | | 60,939 | | |
Orica Ltd. | | | | | 10,518 | | | | | | 123,400 | | |
Origin Energy Ltd. | | | | | 38,694 | | | | | | 140,851 | | |
QBE Insurance Group Ltd. | | | | | 27,875 | | | | | | 154,211 | | |
Ramsay Health Care Ltd. | | | | | 3,718 | | | | | | 152,404 | | |
Rio Tinto Ltd. | | | | | 7,091 | | | | | | 406,263 | | |
Rio Tinto PLC | | | | | 20,880 | | | | | | 970,387 | | |
Santos Ltd. | | | | | 39,097 | | | | | | 126,448 | | |
Scentre Group | | | | | 106,578 | | | | | | 162,580 | | |
SEEK Ltd. | | | | | 10,751 | | | | | | 122,543 | | |
Sonic Healthcare Ltd. | | | | | 11,883 | | | | | | 211,533 | | |
South32 Ltd. | | | | | 101,222 | | | | | | 131,546 | | |
Stockland | | | | | 58,201 | | | | | | 109,740 | | |
Suncorp Group Ltd. | | | | | 28,029 | | | | | | 168,642 | | |
Sydney Airport | | | | | 29,415 | | | | | | 121,325 | | |
Telstra Corp. Ltd. | | | | | 79,191 | | | | | | 158,131 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Australia (continued) | | ||||||||||||
Transurban Group | | | | | 55,061 | | | | | $ | 497,469 | | |
Treasury Wine Estates Ltd. | | | | | 16,139 | | | | | | 107,247 | | |
Vicinity Centres | | | | | 69,864 | | | | | | 68,153 | | |
Wesfarmers Ltd. | | | | | 21,881 | | | | | | 539,928 | | |
Westpac Banking Corp. | | | | | 66,524 | | | | | | 709,047 | | |
Woodside Petroleum Ltd. | | | | | 20,063 | | | | | | 294,886 | | |
Woolworths Group Ltd. | | | | | 25,903 | | | | | | 606,273 | | |
Total Australia | | | | | | | | | | | 17,035,560 | | |
Austria — 0.2% | | | | | | | | | | | | | |
ANDRITZ AG* | | | | | 2,372 | | | | | | 77,941 | | |
Erste Group Bank AG* | | | | | 7,115 | | | | | | 154,497 | | |
OMV AG | | | | | 4,033 | | | | | | 132,079 | | |
Total Austria | | | | | | | | | | | 364,517 | | |
Belgium — 0.9% | | | | | | | | | | | | | |
Ageas | | | | | 4,798 | | | | | | 172,635 | | |
Anheuser-Busch InBev SA/NV | | | | | 14,555 | | | | | | 667,655 | | |
Galapagos NV* | | | | | 1,172 | | | | | | 258,664 | | |
Groupe Bruxelles Lambert SA* | | | | | 2,069 | | | | | | 165,159 | | |
KBC Group NV(a) | | | | | 5,564 | | | | | | 300,324 | | |
Solvay SA | | | | | 1,704 | | | | | | 132,961 | | |
UCB SA* | | | | | 2,800 | | | | | | 256,204 | | |
Umicore SA | | | | | 4,791 | | | | | | 206,807 | | |
Total Belgium | | | | | | | | | | | 2,160,409 | | |
Cambodia — 0.0%(b) | | | | | | | | | | | | | |
NagaCorp Ltd. | | | | | 44,722 | | | | | | 52,958 | | |
China — 0.3% | | | | | | | | | | | | | |
AAC Technologies Holdings, Inc.(a) | | | | | 16,786 | | | | | | 82,172 | | |
BOC Hong Kong Holdings Ltd. | | | | | 78,791 | | | | | | 242,399 | | |
China Mengniu Dairy Co., Ltd.* | | | | | 59,931 | | | | | | 213,754 | | |
Lenovo Group Ltd. | | | | | 155,566 | | | | | | 84,682 | | |
Want Want China Holdings Ltd. | | | | | 150,897 | | | | | | 108,224 | | |
Total China | | | | | | | | | | | 731,231 | | |
Denmark — 2.1% | | | | | | | | | | | | | |
AP Moller — Maersk A/S, Class B | | | | | 194 | | | | | | 192,842 | | |
Carlsberg A/S, Class B | | | | | 2,188 | | | | | | 275,835 | | |
Chr Hansen Holding A/S | | | | | 2,351 | | | | | | 202,560 | | |
Coloplast A/S, Class B(a) | | | | | 2,856 | | | | | | 451,633 | | |
Danske Bank A/S* | | | | | 13,486 | | | | | | 159,995 | | |
DSV PANALPINA A/S | | | | | 4,283 | | | | | | 441,843 | | |
Genmab A/S* | | | | | 1,208 | | | | | | 290,442 | | |
GN Store Nord A/S | | | | | 2,634 | | | | | | 120,395 | | |
ISS A/S*(a) | | | | | 4,231 | | | | | | 63,117 | | |
Novo Nordisk A/S, Class B | | | | | 31,448 | | | | | | 2,005,369 | | |
Novozymes A/S, Class B(a) | | | | | 4,567 | | | | | | 223,701 | | |
Orsted A/S‡ | | | | | 3,275 | | | | | | 331,027 | | |
Pandora A/S(a) | | | | | 1,924 | | | | | | 68,337 | | |
Vestas Wind Systems A/S | | | | | 4,155 | | | | | | 357,625 | | |
Total Denmark | | | | | | | | | | | 5,184,721 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Finland — 1.1% | | | | ||||||||||
Elisa OYJ | | | | | 3,344 | | | | | $ | 203,059 | | |
Fortum OYJ | | | | | 8,933 | | | | | | 148,232 | | |
Kone OYJ, Class B | | | | | 7,609 | | | | | | 461,044 | | |
Neste OYJ | | | | | 8,122 | | | | | | 287,609 | | |
Nokia OYJ | | | | | 110,964 | | | | | | 403,995 | | |
Nokian Renkaat OYJ | | | | | 3,334 | | | | | | 71,337 | | |
Nordea Bank Abp* | | | | | 61,543 | | | | | | 394,135 | | |
Sampo OYJ, Class A* | | | | | 9,535 | | | | | | 315,817 | | |
Stora Enso OYJ, Class R* | | | | | 13,531 | | | | | | 160,061 | | |
UPM-Kymmene OYJ | | | | | 11,278 | | | | | | 312,032 | | |
Wartsila OYJ Abp | | | | | 11,628 | | | | | | 85,383 | | |
Total Finland | | | | | | | | | | | 2,842,704 | | |
France — 9.3% | | | | | | | | | | | | | |
Accor SA(a) | | | | | 4,848 | | | | | | 134,450 | | |
Aeroports de Paris | | | | | 554 | | | | | | 54,248 | | |
Air Liquide SA(a) | | | | | 9,036 | | | | | | 1,149,057 | | |
Airbus SE* | | | | | 10,494 | | | | | | 665,277 | | |
Alstom SA | | | | | 3,939 | | | | | | 161,185 | | |
Arkema SA | | | | | 1,900 | | | | | | 157,537 | | |
Atos SE | | | | | 2,083 | | | | | | 148,435 | | |
AXA SA | | | | | 36,379 | | | | | | 645,344 | | |
BNP Paribas SA | | | | | 21,180 | | | | | | 665,216 | | |
Bouygues SA* | | | | | 4,535 | | | | | | 139,628 | | |
Bureau Veritas SA | | | | | 7,135 | | | | | | 148,015 | | |
Capgemini SE | | | | | 3,050 | | | | | | 286,429 | | |
Carrefour SA | | | | | 11,667 | | | | | | 172,451 | | |
Cie de Saint-Gobain | | | | | 10,140 | | | | | | 268,884 | | |
Cie Generale des Etablissements Michelin | | | | | 3,652 | | | | | | 356,403 | | |
Credit Agricole SA | | | | | 22,226 | | | | | | 177,274 | | |
Danone SA | | | | | 10,839 | | | | | | 751,020 | | |
Dassault Systemes SE | | | | | 2,773 | | | | | | 405,627 | | |
Edenred | | | | | 5,651 | | | | | | 227,589 | | |
Electricite de France SA | | | | | 7,929 | | | | | | 63,172 | | |
Engie SA | | | | | 32,238 | | | | | | 349,713 | | |
EssilorLuxottica SA | | | | | 5,759 | | | | | | 710,577 | | |
Eutelsat Communications SA(a) | | | | | 5,009 | | | | | | 56,180 | | |
Faurecia SE | | | | | 1,365 | | | | | | 49,427 | | |
Getlink SE | | | | | 11,163 | | | | | | 142,198 | | |
Hermes International | | | | | 656 | | | | | | 479,825 | | |
Ingenico Group SA | | | | | 1,450 | | | | | | 182,165 | | |
Ipsen SA | | | | | 884 | | | | | | 65,599 | | |
Kering SA | | | | | 1,462 | | | | | | 736,931 | | |
Klepierre SA | | | | | 4,426 | | | | | | 89,466 | | |
Legrand SA | | | | | 5,968 | | | | | | 402,141 | | |
L’Oreal SA* | | | | | 4,629 | | | | | | 1,345,109 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 4,782 | | | | | | 1,846,036 | | |
Orange SA | | | | | 36,298 | | | | | | 442,696 | | |
Orpea | | | | | 1,305 | | | | | | 145,081 | | |
Pernod Ricard SA | | | | | 3,995 | | | | | | 608,663 | | |
Peugeot SA | | | | | 10,673 | | | | | | 152,849 | | |
Publicis Groupe SA | | | | | 4,400 | | | | | | 130,748 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | | | ||||||||||
Renault SA | | | | | 3,707 | | | | | $ | 73,515 | | |
Rexel SA | | | | | 8,614 | | | | | | 80,669 | | |
Rubis SCA | | | | | 2,293 | | | | | | 102,872 | | |
Safran SA | | | | | 6,408 | | | | | | 591,113 | | |
Sanofi | | | | | 20,883 | | | | | | 2,040,056 | | |
Schneider Electric SE*(a) | | | | | 10,465 | | | | | | 956,645 | | |
SCOR SE* | | | | | 3,675 | | | | | | 103,448 | | |
SEB SA | | | | | 563 | | | | | | 67,709 | | |
Societe Generale SA | | | | | 14,274 | | | | | | 222,945 | | |
Sodexo SA | | | | | 1,583 | | | | | | 125,705 | | |
Teleperformance | | | | | 1,314 | | | | | | 294,321 | | |
Thales SA | | | | | 2,273 | | | | | | 172,132 | | |
TOTAL SA | | | | | 46,423 | | | | | | 1,670,327 | | |
Ubisoft Entertainment SA* | | | | | 1,832 | | | | | | 136,288 | | |
Unibail-Rodamco-Westfield | | | | | 2,736 | | | | | | 160,985 | | |
Valeo SA | | | | | 5,173 | | | | | | 119,949 | | |
Veolia Environnement SA | | | | | 10,156 | | | | | | 216,748 | | |
Vinci SA | | | | | 9,168 | | | | | | 750,116 | | |
Vivendi SA | | | | | 17,706 | | | | | | 382,147 | | |
Worldline SA‡* | | | �� | | 2,209 | | | | | | 149,962 | | |
Total France | | | | | | | | | | | 23,130,297 | | |
Germany — 7.4% | | | | | | | | | | | | | |
adidas AG | | | | | 3,769 | | | | | | 863,616 | | |
Allianz SE | | | | | 7,927 | | | | | | 1,466,291 | | |
Aroundtown SA | | | | | 18,610 | | | | | | 100,083 | | |
BASF SE | | | | | 18,061 | | | | | | 923,533 | | |
Bayer AG | | | | | 18,095 | | | | | | 1,191,942 | | |
Bayerische Motoren Werke AG | | | | | 6,679 | | | | | | 395,403 | | |
Beiersdorf AG | | | | | 2,356 | | | | | | 246,647 | | |
Brenntag AG | | | | | 3,643 | | | | | | 164,355 | | |
Carl Zeiss Meditec AG* | | | | | 704 | | | | | | 69,360 | | |
Commerzbank AG(a) | | | | | 21,849 | | | | | | 80,744 | | |
Continental AG* | | | | | 2,102 | | | | | | 177,739 | | |
Covestro AG‡* | | | | | 3,481 | | | | | | 116,975 | | |
Daimler AG | | | | | 15,423 | | | | | | 532,715 | | |
Delivery Hero SE‡* | | | | | 2,559 | | | | | | 215,821 | | |
Deutsche Bank AG | | | | | 40,906 | | | | | | 303,684 | | |
Deutsche Boerse AG | | | | | 3,713 | | | | | | 576,476 | | |
Deutsche Lufthansa AG(a) | | | | | 4,939 | | | | | | 44,132 | | |
Deutsche Post AG | | | | | 18,536 | | | | | | 551,212 | | |
Deutsche Telekom AG* | | | | | 60,803 | | | | | | 887,412 | | |
Deutsche Wohnen SE | | | | | 7,993 | | | | | | 323,925 | | |
E.ON SE | | | | | 42,612 | | | | | | 426,870 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 4,278 | | | | | | 335,777 | | |
Fresenius SE & Co. KGaA | | | | | 8,441 | | | | | | 366,396 | | |
GEA Group AG* | | | | | 4,050 | | | | | | 93,067 | | |
Hannover Rueck SE | | | | | 1,365 | | | | | | 217,535 | | |
HeidelbergCement AG | | | | | 3,137 | | | | | | 149,052 | | |
Henkel AG & Co. KGaA* | | | | | 1,776 | | | | | | 138,307 | | |
HUGO BOSS AG | | | | | 1,689 | | | | | | 46,952 | | |
Infineon Technologies AG | | | | | 25,340 | | | | | | 470,446 | | |
K+S AG(a) | | | | | 4,618 | | | | | | 31,107 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | | | ||||||||||
KION Group AG | | | | | 1,586 | | | | | $ | 78,710 | | |
LANXESS AG | | | | | 2,408 | | | | | | 118,581 | | |
LEG Immobilien AG | | | | | 1,326 | | | | | | 152,266 | | |
Merck KGaA* | | | | | 2,606 | | | | | | 302,847 | | |
MTU Aero Engines AG* | | | | | 1,213 | | | | | | 165,145 | | |
Muenchener Rueckversicherungs-Gesellschaft AG | | | | | 2,569 | | | | | | 565,016 | | |
Puma SE* | | | | | 1,533 | | | | | | 96,346 | | |
Rheinmetall AG | | | | | 874 | | | | | | 59,180 | | |
RWE AG | | | | | 12,407 | | | | | | 356,585 | | |
SAP SE | | | | | 18,438 | | | | | | 2,200,058 | | |
Scout24 AG‡ | | | | | 2,311 | | | | | | 151,115 | | |
Siemens AG | | | | | 14,566 | | | | | | 1,350,996 | | |
Symrise AG | | | | | 3,087 | | | | | | 312,152 | | |
thyssenkrupp AG*(a) | | | | | 10,062 | | | | | | 67,007 | | |
TUI AG(a) | | | | | 9,044 | | | | | | 36,105 | | |
United Internet AG | | | | | 2,750 | | | | | | 94,730 | | |
Vonovia SE | | | | | 9,547 | | | | | | 471,080 | | |
Wirecard AG(a) | | | | | 2,292 | | | | | | 226,943 | | |
Zalando SE‡* | | | | | 3,227 | | | | | | 157,251 | | |
Total Germany | | | | | | | | | | | 18,469,687 | | |
Hong Kong — 3.1% | | | | | | | | | | | | | |
AIA Group Ltd. | | | | | 236,243 | | | | | | 2,192,585 | | |
ASM Pacific Technology Ltd. | | | | | 7,850 | | | | | | 79,793 | | |
CK Asset Holdings Ltd. | | | | | 55,654 | | | | | | 351,770 | | |
CK Infrastructure Holdings Ltd. | | | | | 16,984 | | | | | | 101,216 | | |
CLP Holdings Ltd. | | | | | 33,524 | | | | | | 358,057 | | |
Hang Lung Properties Ltd. | | | | | 52,899 | | | | | | 113,408 | | |
Hang Seng Bank Ltd. | | | | | 15,662 | | | | | | 275,770 | | |
Henderson Land Development Co., Ltd. | | | | | 32,438 | | | | | | 132,642 | | |
Hong Kong & China Gas Co., Ltd. | | | | | 210,596 | | | | | | 376,513 | | |
Hong Kong Exchanges and Clearing Ltd. | | | | | 25,283 | | | | | | 821,856 | | |
Hongkong Land Holdings Ltd. | | | | | 27,965 | | | | | | 117,733 | | |
Hysan Development Co., Ltd. | | | | | 25,168 | | | | | | 83,760 | | |
Jardine Matheson Holdings Ltd. | | | | | 4,401 | | | | | | 193,468 | | |
Jardine Strategic Holdings Ltd. | | | | | 4,130 | | | | | | 89,001 | | |
Link REIT | | | | | 43,895 | | | | | | 394,086 | | |
MTR Corp. Ltd. | | | | | 33,349 | | | | | | 185,192 | | |
New World Development Co., Ltd. | | | | | 140,710 | | | | | | 166,078 | | |
Power Assets Holdings Ltd. | | | | | 31,874 | | | | | | 213,183 | | |
Sino Land Co., Ltd. | | | | | 83,167 | | | | | | 116,291 | | |
Sun Hung Kai Properties Ltd. | | | | | 29,177 | | | | | | 400,450 | | |
Swire Pacific Ltd., Class A | | | | | 14,207 | | | | | | 93,280 | | |
Techtronic Industries Co., Ltd. | | | | | 30,367 | | | | | | 231,307 | | |
Vitasoy International Holdings Ltd. | | | | | 20,707 | | | | | | 74,523 | | |
WH Group Ltd.‡ | | | | | 175,990 | | | | | | 169,807 | | |
Wharf Real Estate Investment Co., Ltd.(a) | | | | | 26,910 | | | | | | 113,682 | | |
Wheelock & Co., Ltd. | | | | | 21,220 | | | | | | 155,338 | | |
Total Hong Kong | | | | | | | | | | | 7,600,789 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Ireland — 0.5% | | | | | | | | | | | | | |
Bank of Ireland Group PLC | | | | | 20,712 | | | | | $ | 41,810 | | |
CRH PLC | | | | | 15,385 | | | | | | 465,741 | | |
Flutter Entertainment PLC(a) | | | | | 1,600 | | | | | | 196,771 | | |
Kerry Group PLC, Class A | | | | | 2,950 | | | | | | 338,300 | | |
Kingspan Group PLC | | | | | 3,205 | | | | | | 163,235 | | |
Smurfit Kappa Group PLC | | | | | 4,835 | | | | | | 152,953 | | |
Total Ireland | | | | | | | | | | | 1,358,810 | | |
Israel — 0.5% | | | | | | | | | | | | | |
Bank Hapoalim BM | | | | | 39,638 | | | | | | 256,724 | | |
Bank Leumi Le-Israel BM | | | | | 47,058 | | | | | | 256,108 | | |
Israel Discount Bank Ltd., Class A | | | | | 55,211 | | | | | | 180,861 | | |
Nice Ltd.* | | | | | 2,078 | | | | | | 347,421 | | |
Teva Pharmaceutical Industries Ltd.* | | | | | 21,334 | | | | | | 235,965 | | |
Total Israel | | | | | | | | | | | 1,277,079 | | |
Italy — 1.9% | | | | | | | | | | | | | |
Amplifon SpA | | | | | 2,984 | | | | | | 68,342 | | |
Assicurazioni Generali SpA | | | | | 25,670 | | | | | | 365,934 | | |
Atlantia SpA | | | | | 11,298 | | | | | | 183,826 | | |
Banco BPM SpA*(a) | | | | | 37,681 | | | | | | 45,956 | | |
Enel SpA | | | | | 154,495 | | | | | | 1,055,246 | | |
Eni SpA | | | | | 51,255 | | | | | | 489,201 | | |
Ferrari NV | | | | | 2,323 | | | | | | 364,864 | | |
FinecoBank Banca Fineco SpA* | | | | | 14,466 | | | | | | 160,664 | | |
Intesa Sanpaolo SpA | | | | | 293,863 | | | | | | 458,018 | | |
Leonardo SpA | | | | | 10,591 | | | | | | 73,013 | | |
Mediobanca Banca di Credito Finanziario SpA | | | | | 21,470 | | | | | | 124,353 | | |
Moncler SpA | | | | | 4,235 | | | | | | 159,104 | | |
Prysmian SpA | | | | | 7,070 | | | | | | 132,961 | | |
Recordati SpA | | | | | 3,147 | | | | | | 136,739 | | |
Snam SpA | | | | | 51,609 | | | | | | 231,084 | | |
Telecom Italia SpA*(a) | | | | | 333,255 | | | | | | 131,989 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 38,701 | | | | | | 242,466 | | |
UniCredit SpA* | | | | | 44,510 | | | | | | 342,676 | | |
Total Italy | | | | | | | | | | | 4,766,436 | | |
Japan — 25.7% | | | | | | | | | | | | | |
Advantest Corp. | | | | | 4,299 | | | | | | 211,864 | | |
Aeon Co., Ltd. | | | | | 15,694 | | | | | | 318,694 | | |
AGC, Inc. | | | | | 5,135 | | | | | | 129,605 | | |
Air Water, Inc. | | | | | 6,598 | | | | | | 89,837 | | |
Aisin Seiki Co., Ltd. | | | | | 4,048 | | | | | | 117,918 | | |
Ajinomoto Co., Inc. | | | | | 11,926 | | | | | | 213,683 | | |
Alfresa Holdings Corp. | | | | | 5,573 | | | | | | 112,466 | | |
Alps Alpine Co., Ltd.(a) | | | | | 4,860 | | | | | | 51,038 | | |
Amada Co., Ltd. | | | | | 12,592 | | | | | | 115,752 | | |
Aozora Bank Ltd. | | | | | 4,999 | | | | | | 90,364 | | |
Asahi Group Holdings Ltd. | | | | | 8,719 | | | | | | 304,943 | | |
Asahi Intecc Co., Ltd. | | | | | 3,834 | | | | | | 102,649 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Asahi Kasei Corp. | | | | | 28,745 | | | | | $ | 205,638 | | |
Astellas Pharma, Inc. | | | | | 39,925 | | | | | | 667,003 | | |
Bandai Namco Holdings, Inc. | | | | | 4,291 | | | | | | 217,931 | | |
Bank of Kyoto Ltd. (The)(a) | | | | | 2,049 | | | | | | 71,088 | | |
Bridgestone Corp. | | | | | 12,475 | | | | | | 394,076 | | |
Brother Industries Ltd. | | | | | 7,170 | | | | | | 123,104 | | |
Canon, Inc.(a) | | | | | 21,414 | | | | | | 457,477 | | |
Central Japan Railway Co. | | | | | 3,711 | | | | | | 590,130 | | |
Chiba Bank Ltd. (The) | | | | | 17,136 | | | | | | 80,444 | | |
Chubu Electric Power Co., Inc. | | | | | 14,809 | | | | | | 201,982 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 4,960 | | | | | | 594,170 | | |
Concordia Financial Group Ltd. | | | | | 29,644 | | | | | | 92,035 | | |
Dai Nippon Printing Co., Ltd. | | | | | 8,200 | | | | | | 175,602 | | |
Daifuku Co., Ltd. | | | | | 2,293 | | | | | | 161,465 | | |
Dai-ichi Life Holdings, Inc. | | | | | 22,835 | | | | | | 290,629 | | |
Daiichi Sankyo Co., Ltd. | | | | | 12,462 | | | | | | 860,284 | | |
Daikin Industries Ltd. | | | | | 5,358 | | | | | | 701,723 | | |
Daito Trust Construction Co., Ltd. | | | | | 1,640 | | | | | | 158,195 | | |
Daiwa House Industry Co., Ltd. | | | | | 13,702 | | | | | | 353,329 | | |
Daiwa Securities Group, Inc. | | | | | 36,810 | | | | | | 154,352 | | |
Denso Corp. | | | | | 9,039 | | | | | | 322,221 | | |
Dentsu Group, Inc. | | | | | 4,840 | | | | | | 103,105 | | |
East Japan Railway Co. | | | | | 7,399 | | | | | | 544,745 | | |
Eisai Co., Ltd. | | | | | 5,524 | | | | | | 388,981 | | |
Electric Power Development Co., Ltd. | | | | | 4,175 | | | | | | 84,332 | | |
FamilyMart Co., Ltd.(a) | | | | | 4,817 | | | | | | 82,569 | | |
FANUC Corp. | | | | | 3,753 | | | | | | 625,763 | | |
Fast Retailing Co., Ltd. | | | | | 1,038 | | | | | | 499,902 | | |
FUJIFILM Holdings Corp. | | | | | 8,106 | | | | | | 389,552 | | |
Fujitsu Ltd. | | | | | 4,244 | | | | | | 418,109 | | |
Fukuoka Financial Group, Inc. | | | | | 5,216 | | | | | | 75,605 | | |
Goldwin, Inc. | | | | | 787 | | | | | | 42,907 | | |
Hamamatsu Photonics K.K. | | | | | 3,751 | | | | | | 165,916 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 5,684 | | | | | | 196,669 | | |
Hirose Electric Co., Ltd. | | | | | 1,014 | | | | | | 112,556 | | |
Hisamitsu Pharmaceutical Co., Inc. | | | | | 1,877 | | | | | | 89,168 | | |
Hitachi Ltd. | | | | | 18,394 | | | | | | 557,488 | | |
Honda Motor Co., Ltd. | | | | | 34,511 | | | | | | 842,483 | | |
Hoya Corp. | | | | | 7,526 | | | | | | 694,361 | | |
Idemitsu Kosan Co., Ltd. | | | | | 4,957 | | | | | | 114,497 | | |
IHI Corp. | | | | | 3,705 | | | | | | 46,808 | | |
Inpex Corp. | | | | | 21,402 | | | | | | 138,317 | | |
Isetan Mitsukoshi Holdings Ltd. | | | | | 9,241 | | | | | | 56,862 | | |
Isuzu Motors Ltd. | | | | | 14,307 | | | | | | 110,365 | | |
ITOCHU Corp. | | | | | 29,388 | | | | | | 583,995 | | |
Japan Exchange Group, Inc. | | | | | 12,289 | | | | | | 231,220 | | |
Japan Tobacco, Inc. | | | | | 24,307 | | | | | | 457,909 | | |
JFE Holdings, Inc. | | | | | 11,714 | | | | | | 79,309 | | |
JGC Holdings Corp. | | | | | 6,821 | | | | | | 67,231 | | |
JXTG Holdings, Inc. | | | | | 65,479 | | | | | | 234,337 | | |
Kajima Corp. | | | | | 10,285 | | | | | | 108,683 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 15,772 | | | | | | 162,978 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Kansai Paint Co., Ltd. | | | | | 5,890 | | | | | $ | 113,520 | | |
Kao Corp. | | | | | 9,592 | | | | | | 745,940 | | |
KDDI Corp. | | | | | 33,980 | | | | | | 987,926 | | |
Keikyu Corp. | | | | | 7,373 | | | | | | 122,177 | | |
Keio Corp. | | | | | 3,155 | | | | | | 179,974 | | |
Keisei Electric Railway Co., Ltd. | | | | | 4,230 | | | | | | 128,955 | | |
Keyence Corp. | | | | | 3,541 | | | | | | 1,283,813 | | |
Kikkoman Corp.(a) | | | | | 4,464 | | | | | | 207,890 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 4,312 | | | | | | 208,070 | | |
Kirin Holdings Co., Ltd. | | | | | 17,250 | | | | | | 335,289 | | |
Kobayashi Pharmaceutical Co., Ltd. | | | | | 1,376 | | | | | | 127,904 | | |
Koito Manufacturing Co., Ltd. | | | | | 2,964 | | | | | | 113,366 | | |
Komatsu Ltd. | | | | | 19,444 | | | | | | 375,025 | | |
Konami Holdings Corp.(a) | | | | | 2,167 | | | | | | 69,001 | | |
Konica Minolta, Inc. | | | | | 12,365 | | | | | | 48,681 | | |
Kose Corp. | | | | | 638 | | | | | | 80,306 | | |
Kubota Corp. | | | | | 23,898 | | | | | | 301,030 | | |
Kuraray Co., Ltd. | | | | | 10,982 | | | | | | 111,427 | | |
Kurita Water Industries Ltd. | | | | | 4,938 | | | | | | 139,918 | | |
Kyocera Corp. | | | | | 6,922 | | | | | | 374,080 | | |
Kyowa Kirin Co., Ltd. | | | | | 7,301 | | | | | | 171,917 | | |
Kyushu Electric Power Co., Inc. | | | | | 10,599 | | | | | | 84,546 | | |
Lion Corp. | | | | | 6,092 | | | | | | 128,238 | | |
LIXIL Group Corp. | | | | | 6,933 | | | | | | 84,803 | | |
M3, Inc. | | | | | 9,751 | | | | | | 354,714 | | |
Makita Corp. | | | | | 6,460 | | | | | | 212,645 | | |
Marubeni Corp. | | | | | 38,559 | | | | | | 188,946 | | |
Marui Group Co., Ltd. | | | | | 6,550 | | | | | | 108,539 | | |
Matsumotokiyoshi Holdings Co., Ltd. | | | | | 2,112 | | | | | | 73,274 | | |
Mazda Motor Corp. | | | | | 12,578 | | | | | | 71,985 | | |
MEIJI Holdings Co., Ltd. | | | | | 3,131 | | | | | | 218,718 | | |
MINEBEA MITSUMI, Inc. | | | | | 9,139 | | | | | | 151,612 | | |
MISUMI Group, Inc. | | | | | 7,529 | | | | | | 182,073 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 30,089 | | | | | | 173,722 | | |
Mitsubishi Corp. | | | | | 26,313 | | | | | | 565,950 | | |
Mitsubishi Electric Corp. | | | | | 41,395 | | | | | | 518,913 | | |
Mitsubishi Estate Co., Ltd. | | | | | 24,979 | | | | | | 411,703 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 6,751 | | | | | | 174,465 | | |
Mitsubishi Materials Corp. | | | | | 3,370 | | | | | | 69,836 | | |
Mitsubishi Motors Corp. | | | | | 16,140 | | | | | | 46,035 | | |
Mitsubishi UFJ Financial Group, Inc. | | | | | 252,972 | | | | | | 1,027,407 | | |
Mitsui & Co., Ltd. | | | | | 36,020 | | | | | | 509,976 | | |
Mitsui Chemicals, Inc. | | | | | 4,219 | | | | | | 83,879 | | |
Mitsui Fudosan Co., Ltd. | | | | | 19,349 | | | | | | 361,521 | | |
Mizuho Financial Group, Inc. | | | | | 480,440 | | | | | | 565,197 | | |
MonotaRO Co., Ltd. | | | | | 3,042 | | | | | | 98,712 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 10,850 | | | | | | 316,769 | | |
Murata Manufacturing Co., Ltd. | | | | | 11,444 | | | | | | 644,143 | | |
Nabtesco Corp. | | | | | 3,484 | | | | | | 101,325 | | |
NEC Corp. | | | | | 5,643 | | | | | | 219,789 | | |
Nexon Co., Ltd. | | | | | 8,437 | | | | | | 137,599 | | |
NGK Spark Plug Co., Ltd. | | | | | 5,750 | | | | | | 87,217 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
NH Foods Ltd. | | | | | 3,207 | | | | | $ | 115,612 | | |
Nidec Corp. | | | | | 9,691 | | | | | | 569,670 | | |
Nihon M&A Center, Inc. | | | | | 3,352 | | | | | | 111,436 | | |
Nikon Corp. | | | | | 10,323 | | | | | | 97,211 | | |
Nintendo Co., Ltd. | | | | | 2,081 | | | | | | 868,908 | | |
Nippon Express Co., Ltd. | | | | | 2,072 | | | | | | 102,500 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 3,736 | | | | | | 216,959 | | |
Nippon Shinyaku Co., Ltd. | | | | | 1,600 | | | | | | 113,265 | | |
Nippon Steel Corp. | | | | | 16,886 | | | | | | 143,997 | | |
Nippon Telegraph & Telephone Corp. | | | | | 25,390 | | | | | | 580,051 | | |
Nissan Chemical Corp. | | | | | 3,962 | | | | | | 153,389 | | |
Nissan Motor Co., Ltd. | | | | | 36,348 | | | | | | 125,698 | | |
Nisshin Seifun Group, Inc.(a) | | | | | 8,770 | | | | | | 137,945 | | |
Nissin Foods Holdings Co., Ltd. | | | | | 2,457 | | | | | | 203,113 | | |
Nitori Holdings Co., Ltd. | | | | | 1,716 | | | | | | 265,099 | | |
Nitto Denko Corp. | | | | | 3,731 | | | | | | 188,757 | | |
Nomura Holdings, Inc. | | | | | 68,064 | | | | | | 286,297 | | |
Nomura Research Institute Ltd. | | | | | 7,120 | | | | | | 175,378 | | |
NSK Ltd. | | | | | 11,659 | | | | | | 81,554 | | |
NTT Data Corp. | | | | | 15,807 | | | | | | 163,340 | | |
NTT DOCOMO, Inc. | | | | | 24,227 | | | | | | 713,205 | | |
Obayashi Corp. | | | | | 18,179 | | | | | | 161,840 | | |
Obic Co., Ltd. | | | | | 1,728 | | | | | | 262,105 | | |
Odakyu Electric Railway Co., Ltd.(a) | | | | | 8,031 | | | | | | 178,216 | | |
Oji Holdings Corp. | | | | | 26,267 | | | | | | 135,099 | | |
Olympus Corp.* | | | | | 22,162 | | | | | | 357,605 | | |
Omron Corp. | | | | | 4,547 | | | | | | 270,435 | | |
Ono Pharmaceutical Co., Ltd. | | | | | 10,137 | | | | | | 245,616 | | |
Oriental Land Co., Ltd. | | | | | 4,078 | | | | | | 521,691 | | |
ORIX Corp. | | | | | 27,424 | | | | | | 330,570 | | |
Osaka Gas Co., Ltd. | | | | | 8,766 | | | | | | 163,868 | | |
Otsuka Corp. | | | | | 2,321 | | | | | | 105,160 | | |
Otsuka Holdings Co., Ltd. | | | | | 9,189 | | | | | | 365,635 | | |
Pan Pacific International Holdings Corp. | | | | | 11,951 | | | | | | 232,683 | | |
Panasonic Corp. | | | | | 43,618 | | | | | | 337,246 | | |
PeptiDream, Inc.* | | | | | 2,276 | | | | | | 86,200 | | |
Pigeon Corp. | | | | | 2,552 | | | | | | 91,522 | | |
Rakuten, Inc. | | | | | 16,679 | | | | | | 142,871 | | |
Recruit Holdings Co., Ltd. | | | | | 24,006 | | | | | | 714,332 | | |
Renesas Electronics Corp.* | | | | | 14,161 | | | | | | 76,807 | | |
Resona Holdings, Inc. | | | | | 52,111 | | | | | | 164,225 | | |
Ricoh Co., Ltd. | | | | | 17,570 | | | | | | 121,586 | | |
Rohm Co., Ltd. | | | | | 2,245 | | | | | | 144,019 | | |
Ryohin Keikaku Co., Ltd. | | | | | 6,169 | | | | | | 74,535 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 10,387 | | | | | | 184,943 | | |
SBI Holdings, Inc. | | | | | 6,123 | | | | | | 116,293 | | |
Secom Co., Ltd. | | | | | 4,404 | | | | | | 370,861 | | |
Seiko Epson Corp. | | | | | 7,480 | | | | | | 85,827 | | |
Sekisui Chemical Co., Ltd. | | | | | 11,103 | | | | | | 142,246 | | |
Sekisui House Ltd. | | | | | 13,704 | | | | | | 238,172 | | |
Seven & i Holdings Co., Ltd. | | | | | 15,630 | | | | | | 519,319 | | |
SG Holdings Co., Ltd. | | | | | 4,573 | | | | | | 127,951 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Shimadzu Corp. | | | | | 7,037 | | | | | $ | 176,690 | | |
Shimano, Inc. | | | | | 1,798 | | | | | | 266,333 | | |
Shimizu Corp. | | | | | 15,561 | | | | | | 121,653 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 7,943 | | | | | | 892,459 | | |
Shionogi & Co., Ltd. | | | | | 6,429 | | | | | | 356,455 | | |
Shiseido Co., Ltd. | | | | | 7,685 | | | | | | 458,362 | | |
Shizuoka Bank Ltd. (The) | | | | | 15,484 | | | | | | 94,698 | | |
Showa Denko K.K. | | | | | 3,270 | | | | | | 72,626 | | |
SMC Corp. | | | | | 1,184 | | | | | | 542,535 | | |
Softbank Corp. | | | | | 30,066 | | | | | | 411,620 | | |
SoftBank Group Corp. | | | | | 31,016 | | | | | | 1,343,780 | | |
Sompo Holdings, Inc. | | | | | 7,773 | | | | | | 254,412 | | |
Sony Corp. | | | | | 23,470 | | | | | | 1,521,429 | | |
Sotetsu Holdings, Inc. | | | | | 3,542 | | | | | | 91,419 | | |
Stanley Electric Co., Ltd. | | | | | 4,363 | | | | | | 100,981 | | |
Subaru Corp. | | | | | 12,611 | | | | | | 256,501 | | |
SUMCO Corp. | | | | | 5,947 | | | | | | 86,200 | | |
Sumitomo Chemical Co., Ltd. | | | | | 35,500 | | | | | | 110,880 | | |
Sumitomo Corp. | | | | | 25,987 | | | | | | 298,546 | | |
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 3,801 | | | | | | 53,246 | | |
Sumitomo Electric Industries Ltd. | | | | | 17,261 | | | | | | 179,737 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 5,380 | | | | | | 136,770 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 27,021 | | | | | | 718,640 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 7,963 | | | | | | 235,386 | | |
Sumitomo Realty & Development Co., Ltd. | | | | | 9,337 | | | | | | 254,391 | | |
Suntory Beverage & Food Ltd. | | | | | 3,296 | | | | | | 124,985 | | |
Suzuki Motor Corp. | | | | | 8,752 | | | | | | 283,917 | | |
Sysmex Corp. | | | | | 4,116 | | | | | | 286,371 | | |
T&D Holdings, Inc. | | | | | 14,447 | | | | | | 126,860 | | |
Taiheiyo Cement Corp. | | | | | 3,869 | | | | | | 77,355 | | |
Taisei Corp. | | | | | 5,452 | | | | | | 172,582 | | |
Taisho Pharmaceutical Holdings Co., Ltd. | | | | | 1,411 | | | | | | 88,802 | | |
Taiyo Yuden Co., Ltd.(a) | | | | | 3,048 | | | | | | 86,365 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 29,798 | | | | | | 1,082,018 | | |
TDK Corp. | | | | | 2,799 | | | | | | 245,519 | | |
Teijin Ltd. | | | | | 6,541 | | | | | | 105,515 | | |
Terumo Corp. | | | | | 13,979 | | | | | | 466,947 | | |
Tobu Railway Co., Ltd. | | | | | 5,739 | | | | | | 196,694 | | |
Toho Co., Ltd. | | | | | 3,835 | | | | | | 126,955 | | |
Tohoku Electric Power Co., Inc. | | | | | 10,665 | | | | | | 101,030 | | |
Tokio Marine Holdings, Inc. | | | | | 13,501 | | | | | | 642,129 | | |
Tokyo Electric Power Co., Holdings, Inc.* | | | | | 32,793 | | | | | | 111,319 | | |
Tokyo Electron Ltd. | | | | | 3,023 | | | | | | 648,503 | | |
Tokyo Gas Co., Ltd. | | | | | 10,349 | | | | | | 228,204 | | |
Tokyu Corp. | | | | | 13,277 | | | | | | 201,635 | | |
Toppan Printing Co., Ltd. | | | | | 8,177 | | | | | | 123,265 | | |
Toray Industries, Inc. | | | | | 34,049 | | | | | | 158,918 | | |
Toshiba Corp. | | | | | 9,236 | | | | | | 232,077 | | |
TOTO Ltd. | | | | | 4,245 | | | | | | 150,452 | | |
Toyo Suisan Kaisha Ltd. | | | | | 3,195 | | | | | | 154,170 | | |
Toyota Industries Corp. | | | | | 3,866 | | | | | | 196,310 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | | | ||||||||||
Toyota Motor Corp. | | | | | 46,233 | | | | | $ | 2,882,023 | | |
Toyota Tsusho Corp. | | | | | 5,678 | | | | | | 137,417 | | |
Tsuruha Holdings, Inc.(a) | | | | | 1,162 | | | | | | 156,259 | | |
Unicharm Corp. | | | | | 8,927 | | | | | | 329,748 | | |
USS Co., Ltd. | | | | | 7,373 | | | | | | 117,902 | | |
West Japan Railway Co. | | | | | 4,013 | | | | | | 250,196 | | |
Yakult Honsha Co., Ltd. | | | | | 3,269 | | | | | | 191,674 | | |
Yamada Denki Co., Ltd. | | | | | 19,724 | | | | | | 94,438 | | |
Yamaguchi Financial Group, Inc. | | | | | 11,335 | | | | | | 61,691 | | |
Yamaha Corp. | | | | | 3,473 | | | | | | 142,252 | | |
Yamaha Motor Co., Ltd. | | | | | 6,894 | | | | | | 90,450 | | |
Yamato Holdings Co., Ltd. | | | | | 8,495 | | | | | | 149,984 | | |
Yaskawa Electric Corp. | | | | | 5,697 | | | | | | 189,927 | | |
Z Holdings Corp. | | | | | 59,955 | | | | | | 234,920 | | |
ZOZO, Inc. | | | | | 2,253 | | | | | | 36,660 | | |
Total Japan | | | | | | | | | | | 64,241,922 | | |
Luxembourg — 0.2% | | | | | | | | | | | | | |
ArcelorMittal SA | | | | | 11,572 | | | | | | 126,773 | | |
Eurofins Scientific SE(a) | | | | | 268 | | | | | | 148,238 | | |
SES SA | | | | | 7,550 | | | | | | 50,411 | | |
Tenaris SA | | | | | 11,366 | | | | | | 79,600 | | |
Total Luxembourg | | | | | | | | | | | 405,022 | | |
Macau — 0.2% | | | | | | | | | | | | | |
Galaxy Entertainment Group Ltd. | | | | | 46,543 | | | | | | 302,888 | | |
Sands China Ltd. | | | | | 53,983 | | | | | | 222,134 | | |
Total Macau | | | | | | | | | | | 525,022 | | |
Netherlands — 3.9% | | | | | | | | | | | | | |
ABN AMRO Bank NV‡ | | | | | 6,665 | | | | | | 51,101 | | |
Adyen NV‡* | | | | | 530 | | | | | | 523,155 | | |
Aegon NV | | | | | 35,995 | | | | | | 92,650 | | |
Akzo Nobel NV | | | | | 4,245 | | | | | | 321,749 | | |
Argenx SE* | | | | | 936 | | | | | | 140,965 | | |
ASML Holding NV | | | | | 7,363 | | | | | | 2,182,709 | | |
ASR Nederland NV | | | | | 2,397 | | | | | | 64,454 | | |
EXOR NV | | | | | 2,355 | | | | | | 128,688 | | |
Heineken Holding NV(a) | | | | | 2,180 | | | | | | 169,769 | | |
Heineken NV | | | | | 4,575 | | | | | | 388,954 | | |
ING Groep NV | | | | | 76,181 | | | | | | 417,873 | | |
Just Eat Takeaway.com NV‡* | | | | | 2,407 | | | | | | 245,557 | | |
Koninklijke Ahold Delhaize NV | | | | | 20,481 | | | | | | 497,112 | | |
Koninklijke DSM NV | | | | | 3,735 | | | | | | 457,163 | | |
Koninklijke KPN NV | | | | | 73,108 | | | | | | 169,119 | | |
Koninklijke Philips NV | | | | | 18,034 | | | | | | 784,476 | | |
NN Group NV | | | | | 7,533 | | | | | | 217,906 | | |
Randstad NV | | | | | 2,475 | | | | | | 99,299 | | |
Royal Dutch Shell PLC, Class A | | | | | 79,649 | | | | | | 1,331,165 | | |
Royal Dutch Shell PLC, Class B | | | | | 71,058 | | | | | | 1,152,988 | | |
Wolters Kluwer NV | | | | | 5,396 | | | | | | 396,695 | | |
Total Netherlands | | | | | | | | | | | 9,833,547 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
New Zealand — 0.4% | | | | | | | | | | | | | |
a2 Milk Co., Ltd.* | | | | | 17,562 | | | | | $ | 212,689 | | |
Auckland International Airport Ltd. | | | | | 41,336 | | | | | | 155,309 | | |
Fisher & Paykel Healthcare Corp. Ltd. | | | | | 17,042 | | | | | | 287,980 | | |
Fletcher Building Ltd. | | | | | 29,395 | | | | | | 67,100 | | |
Spark New Zealand Ltd. | | | | | 59,763 | | | | | | 163,706 | | |
Xero Ltd.* | | | | | 2,205 | | | | | | 114,811 | | |
Total New Zealand | | | | | | | | | | | 1,001,595 | | |
Norway — 0.6% | | | | | | | | | | | | | |
Aker BP ASA | | | | | 2,519 | | | | | | 41,928 | | |
DNB ASA | | | | | 22,027 | | | | | | 267,698 | | |
Equinor ASA | | | | | 20,207 | | | | | | 283,642 | | |
Mowi ASA | | | | | 7,180 | | | | | | 123,302 | | |
Norsk Hydro ASA | | | | | 28,321 | | | | | | 72,524 | | |
Orkla ASA | | | | | 19,113 | | | | | | 173,446 | | |
Schibsted ASA, Class A | | | | | 3,781 | | | | | | 80,433 | | |
Telenor ASA | | | | | 12,778 | | | | | | 196,617 | | |
Yara International ASA | | | | | 3,837 | | | | | | 131,147 | | |
Total Norway | | | | | | | | | | | 1,370,737 | | |
Poland — 0.2% | | | | | | | | | | | | | |
Bank Polska Kasa Opieki SA | | | | | 6,414 | | | | | | 80,509 | | |
CD Projekt SA | | | | | 1,601 | | | | | | 138,251 | | |
mBank SA* | | | | | 919 | | | | | | 48,600 | | |
Polski Koncern Naftowy ORLEN SA | | | | | 7,124 | | | | | | 107,278 | | |
Powszechna Kasa Oszczednosci Bank Polski SA | | | | | 22,029 | | | | | | 117,083 | | |
Powszechny Zaklad Ubezpieczen SA | | | | | 14,460 | | | | | | 105,731 | | |
Total Poland | | | | | | | | | | | 597,452 | | |
Portugal — 0.2% | | | | | | | | | | | | | |
EDP — Energias de Portugal SA | | | | | 53,683 | | | | | | 226,376 | | |
Galp Energia SGPS SA | | | | | 8,791 | | | | | | 101,247 | | |
Jeronimo Martins SGPS SA | | | | | 6,114 | | | | | | 103,229 | | |
Total Portugal | | | | | | | | | | | 430,852 | | |
Russia — 0.1% | | | | | | | | | | | | | |
Polymetal International PLC | | | | | 10,725 | | | | | | 220,844 | | |
Singapore — 1.2% | | | | | | | | | | | | | |
Ascendas Real Estate Investment Trust | | | | | 109,581 | | | | | | 231,197 | | |
CapitaLand Commercial Trust | | | | | 127,059 | | | | | | 145,319 | | |
CapitaLand Ltd.* | | | | | 62,272 | | | | | | 133,152 | | |
CapitaLand Mall Trust | | | | | 102,626 | | | | | | 137,787 | | |
ComfortDelGro Corp. Ltd. | | | | | 69,222 | | | | | | 81,137 | | |
DBS Group Holdings Ltd. | | | | | 35,859 | | | | | | 508,450 | | |
Genting Singapore Ltd | | | | | 186,464 | | | | | | 103,981 | | |
Keppel Corp. Ltd.(a) | | | | | 38,804 | | | | | | 164,842 | | |
Oversea-Chinese Banking Corp. Ltd. | | | | | 69,295 | | | | | | 445,000 | | |
Singapore Exchange Ltd. | | | | | 30,627 | | | | | | 209,953 | | |
Singapore Technologies Engineering Ltd. | | | | | 54,349 | | | | | | 132,427 | | |
Singapore Telecommunications Ltd. | | | | | 162,127 | | | | | | 325,935 | | |
United Overseas Bank Ltd. | | | | | 26,161 | | | | | | 378,003 | | |
Total Singapore | | | | | | | | | | | 2,997,183 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
South Africa — 0.2% | | | | | | | | | | | | | |
Anglo American PLC | | | | | 23,121 | | | | | $ | 412,725 | | |
Investec PLC | | | | | 16,595 | | | | | | 34,318 | | |
Total South Africa | | | | | | | | | | | 447,043 | | |
South Korea — 4.4% | | | | | | | | | | | | | |
Amorepacific Corp. | | | | | 836 | | | | | | 121,443 | | |
Celltrion Healthcare Co., Ltd.* | | | | | 1,705 | | | | | | 118,382 | | |
Celltrion, Inc.* | | | | | 2,073 | | | | | | 358,132 | | |
Coway Co., Ltd. | | | | | 1,731 | | | | | | 87,228 | | |
DB Insurance Co., Ltd. | | | | | 1,701 | | | | | | 61,635 | | |
E-MART, Inc. | | | | | 704 | | | | | | 69,334 | | |
GS Holdings Corp. | | | | | 2,239 | | | | | | 70,839 | | |
Hana Financial Group, Inc. | | | | | 7,070 | | | | | | 160,148 | | |
Hankook Tire & Technology Co., Ltd. | | | | | 2,394 | | | | | | 41,752 | | |
Hanmi Pharm Co. Ltd. | | | | | 256 | | | | | | 54,417 | | |
Hotel Shilla Co., Ltd. | | | | | 954 | | | | | | 66,708 | | |
Hyundai Engineering & Construction Co., Ltd. | | | | | 1,851 | | | | | | 53,246 | | |
Hyundai Heavy Industries Holdings Co., Ltd. | | | | | 266 | | | | | | 53,049 | | |
Hyundai Mobis Co., Ltd. | | | | | 1,382 | | | | | | 195,087 | | |
Hyundai Motor Co. | | | | | 3,569 | | | | | | 274,167 | | |
Industrial Bank of Korea | | | | | 10,306 | | | | | | 66,821 | | |
Kakao Corp. | | | | | 1,239 | | | | | | 187,103 | | |
Kangwon Land, Inc. | | | | | 4,217 | | | | | | 86,697 | | |
KB Financial Group, Inc. | | | | | 8,742 | | | | | | 249,320 | | |
Kia Motors Corp. | | | | | 6,021 | | | | | | 146,516 | | |
Korea Electric Power Corp.* | | | | | 5,786 | | | | | | 113,255 | | |
Korea Shipbuilding & Offshore Engineering Co., Ltd.* | | | | | 994 | | | | | | 67,466 | | |
Korea Zinc Co., Ltd. | | | | | 324 | | | | | | 102,642 | | |
KT&G Corp. | | | | | 2,680 | | | | | | 178,381 | | |
LG Chem Ltd. | | | | | 1,059 | | | | | | 327,230 | | |
LG Corp. | | | | | 2,684 | | | | | | 136,574 | | |
LG Display Co., Ltd.* | | | | | 5,630 | | | | | | 51,058 | | |
LG Electronics, Inc. | | | | | 2,449 | | | | | | 110,345 | | |
LG Household & Health Care Ltd. | | | | | 220 | | | | | | 250,252 | | |
Lotte Chemical Corp. | | | | | 388 | | | | | | 68,623 | | |
NAVER Corp. | | | | | 2,881 | | | | | | 466,985 | | |
NCSoft Corp. | | | | | 412 | | | | | | 217,421 | | |
POSCO | | | | | 1,478 | | | | | | 223,802 | | |
Samsung Biologics Co., Ltd.‡* | | | | | 349 | | | | | | 166,416 | | |
Samsung C&T Corp. | | | | | 1,803 | | | | | | 156,853 | | |
Samsung Electro-Mechanics Co., Ltd. | | | | | 1,259 | | | | | | 117,277 | | |
Samsung Electronics Co., Ltd. | | | | | 89,753 | | | | | | 3,683,081 | | |
Samsung Fire & Marine Insurance Co., Ltd. | | | | | 879 | | | | | | 137,428 | | |
Samsung Life Insurance Co., Ltd. | | | | | 1,930 | | | | | | 77,773 | | |
Samsung SDI Co., Ltd. | | | | | 1,150 | | | | | | 269,933 | | |
Samsung SDS Co., Ltd. | | | | | 762 | | | | | | 101,625 | | |
Shinhan Financial Group Co., Ltd. | | | | | 10,929 | | | | | | 274,021 | | |
SK Holdings Co., Ltd. | | | | | 761 | | | | | | 113,671 | | |
SK Hynix, Inc. | | | | | 10,091 | | | | | | 693,190 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
South Korea (continued) | | | | ||||||||||
SK Innovation Co., Ltd. | | | | | 1,362 | | | | | $ | 109,881 | | |
SK Telecom Co., Ltd. | | | | | 762 | | | | | | 132,269 | | |
S-Oil Corp. | | | | | 1,331 | | | | | | 76,466 | | |
Woori Financial Group, Inc. | | | | | 12,623 | | | | | | 87,437 | | |
Total South Korea | | | | | | | | | | | 11,033,379 | | |
Spain — 2.3% | | | | | | | | | | | | | |
Abertis Infraestructuras SA*(c)(d) | | | | | 5,353 | | | | | | 35,120 | | |
ACS Actividades de Construccion y Servicios SA | | | | | 5,344 | | | | | | 133,279 | | |
Aena SME SA‡* | | | | | 1,539 | | | | | | 194,694 | | |
Amadeus IT Group SA | | | | | 7,956 | | | | | | 382,728 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 128,774 | | | | | | 421,305 | | |
Banco de Sabadell SA | | | | | 127,807 | | | | | | 52,929 | | |
Banco Santander SA | | | | | 316,553 | | | | | | 706,443 | | |
Bankinter SA | | | | | 19,688 | | | | | | 81,168 | | |
CaixaBank SA | | | | | 73,042 | | | | | | 131,285 | | |
Cellnex Telecom SA‡* | | | | | 5,627 | | | | | | 294,603 | | |
Enagas SA | | | | | 6,689 | | | | | | 155,980 | | |
Endesa SA | | | | | 6,565 | | | | | | 145,611 | | |
Ferrovial SA | | | | | 10,344 | | | | | | 258,319 | | |
Grifols SA(a) | | | | | 7,530 | | | | | | 256,171 | | |
Iberdrola SA | | | | | 114,709 | | | | | | 1,148,356 | | |
Industria de Diseno Textil SA | | | | | 20,191 | | | | | | 514,178 | | |
Naturgy Energy Group SA | | | | | 6,175 | | | | | | 108,960 | | |
Red Electrica Corp. SA | | | | | 9,592 | | | | | | 168,676 | | |
Repsol SA | | | | | 26,699 | | | | | | 243,130 | | |
Telefonica SA | | | | | 85,477 | | | | | | 391,344 | | |
Total Spain | | | | | | | | | | | 5,824,279 | | |
Sweden — 2.6% | | | | | | | | | | | | | |
Alfa Laval AB* | | | | | 7,714 | | | | | | 144,926 | | |
Assa Abloy AB, B Shares(a) | | | | | 17,669 | | | | | | 318,477 | | |
Atlas Copco AB, A Shares(a) | | | | | 12,041 | | | | | | 418,289 | | |
Atlas Copco AB, B Shares | | | | | 7,326 | | | | | | 228,994 | | |
Boliden AB(a) | | | | | 5,844 | | | | | | 119,845 | | |
Electrolux AB, Series B | | | | | 5,618 | | | | | | 77,564 | | |
Electrolux Professional AB, B Shares* | | | | | 5,618 | | | | | | 12,919 | | |
Epiroc AB, A Shares | | | | | 12,170 | | | | | | 122,258 | | |
Epiroc AB, B Shares | | | | | 7,554 | | | | | | 74,881 | | |
Essity AB, B Shares* | | | | | 12,130 | | | | | | 394,307 | | |
Hennes & Mauritz AB, B Shares(a) | | | | | 17,137 | | | | | | 238,969 | | |
Hexagon AB, B Shares* | | | | | 5,135 | | | | | | 256,088 | | |
Industrivarden AB, A Shares* | | | | | 10,362 | | | | | | 215,150 | | |
Investor AB, B Shares | | | | | 10,964 | | | | | | 551,388 | | |
Kinnevik AB, B Shares | | | | | 6,715 | | | | | | 138,876 | | |
Lundin Energy AB | | | | | 4,939 | | | | | | 128,289 | | |
Sandvik AB* | | | | | 21,538 | | | | | | 333,637 | | |
Securitas AB, B Shares(a) | | | | | 7,452 | | | | | | 88,084 | | |
Skandinaviska Enskilda Banken AB, A Shares* | | | | | 28,628 | | | | | | 235,479 | | |
Skanska AB, B Shares* | | | | | 7,445 | | | | | | 142,654 | | |
SKF AB, B Shares | | | | | 8,572 | | | | | | 136,515 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden (continued) | | | | ||||||||||
Svenska Cellulosa AB SCA, B Shares* | | | | | 13,953 | | | | | $ | 150,356 | | |
Svenska Handelsbanken AB, A Shares* | | | | | 28,959 | | | | | | 267,733 | | |
Swedbank AB, A Shares* | | | | | 19,374 | | | | | | 228,825 | | |
Swedish Match AB | | | | | 4,085 | | | | | | 253,284 | | |
Tele2 AB, B Shares | | | | | 11,251 | | | | | | 145,833 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 57,584 | | | | | | 501,720 | | |
Telia Co. AB | | | | | 49,654 | | | | | | 171,577 | | |
Trelleborg AB, B Shares* | | | | | 7,017 | | | | | | 90,378 | | |
Volvo AB, B Shares* | | | | | 29,621 | | | | | | 382,575 | | |
Total Sweden | | | | | | | | | | | 6,569,870 | | |
Switzerland — 9.9% | | | | | | | | | | | | | |
ABB Ltd. | | | | | 35,167 | | | | | | 667,705 | | |
Adecco Group AG | | | | | 3,227 | | | | | | 141,465 | | |
Alcon, Inc.* | | | | | 8,616 | | | | | | 454,747 | | |
Baloise Holding AG | | | | | 1,130 | | | | | | 169,181 | | |
Chocoladefabriken Lindt & Spruengli AG(a) | | | | | 35 | | | | | | 272,885 | | |
Cie Financiere Richemont SA | | | | | 10,093 | | | | | | 573,277 | | |
Clariant AG* | | | | | 6,147 | | | | | | 113,782 | | |
Coca-Cola HBC AG* | | | | | 4,367 | | | | | | 110,993 | | |
Credit Suisse Group AG* | | | | | 45,180 | | | | | | 408,476 | | |
EMS-Chemie Holding AG | | | | | 212 | | | | | | 137,394 | | |
Geberit AG | | | | | 825 | | | | | | 370,209 | | |
Givaudan SA | | | | | 185 | | | | | | 619,702 | | |
Glencore PLC* | | | | | 205,306 | | | | | | 380,934 | | |
Julius Baer Group Ltd.* | | | | | 4,623 | | | | | | 181,251 | | |
Kuehne + Nagel International AG | | | | | 855 | | | | | | 122,295 | | |
LafargeHolcim Ltd.* | | | | | 8,384 | | | | | | 347,817 | | |
Lonza Group AG | | | | | 1,481 | | | | | | 646,628 | | |
Nestle SA(g) | | | | | 54,056 | | | | | | 5,707,202 | | |
Novartis AG | | | | | 39,510 | | | | | | 3,367,448 | | |
Partners Group Holding AG | | | | | 414 | | | | | | 325,915 | | |
PSP Swiss Property AG | | | | | 1,276 | | | | | | 148,337 | | |
Roche Holding AG | | | | | 13,459 | | | | | | 4,677,845 | | |
Schindler Holding AG — Participating Certificate | | | | | 1,241 | | | | | | 275,806 | | |
SGS SA | | | | | 148 | | | | | | 335,057 | | |
Sika AG(a) | | | | | 2,862 | | | | | | 473,565 | | |
Sonova Holding AG | | | | | 1,205 | | | | | | 217,615 | | |
STMicroelectronics NV | | | | | 11,689 | | | | | | 303,558 | | |
Straumann Holding AG | | | | | 182 | | | | | | 138,110 | | |
Swatch Group AG (The) | | | | | 635 | | | | | | 127,079 | | |
Swiss Life Holding AG | | | | | 711 | | | | | | 251,869 | | |
Swiss Prime Site AG | | | | | 1,983 | | | | | | 188,407 | | |
Swiss Re AG(a) | | | | | 5,289 | | | | | | 381,735 | | |
Swisscom AG | | | | | 507 | | | | | | 263,599 | | |
Temenos AG* | | | | | 1,081 | | | | | | 140,676 | | |
UBS Group AG* | | | | | 65,991 | | | | | | 706,985 | | |
Vifor Pharma AG | | | | | 1,141 | | | | | | 171,478 | | |
Zurich Insurance Group AG | | | | | 2,687 | | | | | | 855,530 | | |
Total Switzerland | | | | | | | | | | | 24,776,557 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Arab Emirates — 0.0% | | | | | | | | | | | | | |
NMC Health PLC(c)(d) | | | | | 3,838 | | | | | $ | — | | |
United Kingdom — 12.7% | | | | | | | | | | | | | |
3i Group PLC | | | | | 21,313 | | | | | | 210,764 | | |
Admiral Group PLC | | | | | 5,536 | | | | | | 162,700 | | |
Ashtead Group PLC | | | | | 9,666 | | | | | | 265,181 | | |
Associated British Foods PLC | | | | | 7,125 | | | | | | 170,081 | | |
AstraZeneca PLC | | | | | 24,816 | | | | | | 2,604,925 | | |
Auto Trader Group PLC‡ | | | | | 18,632 | | | | | | 107,801 | | |
Aviva PLC | | | | | 77,930 | | | | | | 237,682 | | |
B&M European Value Retail SA | | | | | 16,834 | | | | | | 70,665 | | |
BAE Systems PLC | | | | | 60,648 | | | | | | 388,918 | | |
Barclays PLC | | | | | 331,745 | | | | | | 443,135 | | |
Barratt Developments PLC | | | | | 21,272 | | | | | | 139,255 | | |
Berkeley Group Holdings PLC | | | | | 2,756 | | | | | | 145,413 | | |
BP PLC | | | | | 373,570 | | | | | | 1,475,336 | | |
British American Tobacco PLC | | | | | 43,471 | | | | | | 1,689,105 | | |
British Land Co. PLC (The) | | | | | 20,275 | | | | | | 103,472 | | |
BT Group PLC | | | | | 163,747 | | | | | | 239,692 | | |
Bunzl PLC | | | | | 7,424 | | | | | | 161,768 | | |
Burberry Group PLC | | | | | 8,877 | | | | | | 155,638 | | |
Centrica PLC | | | | | 106,656 | | | | | | 53,678 | | |
CK Hutchison Holdings Ltd. | | | | | 56,629 | | | | | | 419,293 | | |
CNH Industrial NV* | | | | | 17,346 | | | | | | 108,523 | | |
Compass Group PLC | | | | | 30,009 | | | | | | 505,701 | | |
Croda International PLC | | | | | 3,138 | | | | | | 193,235 | | |
DCC PLC | | | | | 2,118 | | | | | | 151,156 | | |
Diageo PLC | | | | | 43,759 | | | | | | 1,517,875 | | |
Direct Line Insurance Group PLC | | | | | 32,723 | | | | | | 112,475 | | |
DS Smith PLC | | | | | 31,179 | | | | | | 122,663 | | |
Experian PLC | | | | | 17,818 | | | | | | 534,000 | | |
Fiat Chrysler Automobiles NV | | | | | 18,605 | | | | | | 163,350 | | |
G4S PLC | | | | | 35,716 | | | | | | 49,195 | | |
GlaxoSmithKline PLC | | | | | 92,432 | | | | | | 1,936,546 | | |
GVC Holdings PLC | | | | | 11,953 | | | | | | 113,680 | | |
Hargreaves Lansdown PLC | | | | | 7,131 | | | | | | 129,568 | | |
HSBC Holdings PLC | | | | | 381,077 | | | | | | 1,970,754 | | |
IMI PLC | | | | | 7,542 | | | | | | 78,721 | | |
Imperial Brands PLC | | | | | 18,555 | | | | | | 392,959 | | |
Informa PLC | | | | | 28,560 | | | | | | 158,218 | | |
InterContinental Hotels Group PLC | | | | | 3,937 | | | | | | 179,171 | | |
International Consolidated Airlines Group SA | | | | | 11,904 | | | | | | 33,319 | | |
Intertek Group PLC | | | | | 3,674 | | | | | | 220,125 | | |
ITV PLC | | | | | 75,372 | | | | | | 72,729 | | |
John Wood Group PLC | | | | | 14,864 | | | | | | 37,985 | | |
Johnson Matthey PLC | | | | | 4,317 | | | | | | 108,497 | | |
Kingfisher PLC | | | | | 47,449 | | | | | | 94,144 | | |
Land Securities Group PLC | | | | | 15,129 | | | | | | 126,329 | | |
Legal & General Group PLC | | | | | 116,942 | | | | | | 301,795 | | |
Lloyds Banking Group PLC | | | | | 1,349,439 | | | | | | 548,762 | | |
London Stock Exchange Group PLC | | | | | 5,911 | | | | | | 555,908 | | |
M&G PLC | | | | | 49,215 | | | | | | 82,097 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | | | ||||||||||
Marks & Spencer Group PLC | | | | | 42,014 | | | | | $ | 48,808 | | |
Meggitt PLC | | | | | 19,450 | | | | | | 68,521 | | |
Melrose Industries PLC | | | | | 103,346 | | | | | | 130,069 | | |
Micro Focus International PLC | | | | | 6,772 | | | | | | 41,146 | | |
Mondi PLC | | | | | 10,697 | | | | | | 190,247 | | |
National Grid PLC | | | | | 64,257 | | | | | | 756,851 | | |
Next PLC | | | | | 2,894 | | | | | | 172,515 | | |
Ninety One PLC* | | | | | 8,297 | | | | | | 17,760 | | |
Ocado Group PLC* | | | | | 9,760 | | | | | | 197,526 | | |
Pearson PLC(a) | | | | | 16,965 | | | | | | 98,392 | | |
Persimmon PLC | | | | | 6,848 | | | | | | 190,462 | | |
Prudential PLC | | | | | 49,702 | | | | | | 707,475 | | |
Quilter PLC‡ | | | | | 36,485 | | | | | | 56,720 | | |
Reckitt Benckiser Group PLC | | | | | 12,078 | | | | | | 1,010,053 | | |
RELX PLC | | | | | 35,318 | | | | | | 800,312 | | |
Rentokil Initial PLC | | | | | 35,226 | | | | | | 210,743 | | |
Rolls-Royce Holdings PLC* | | | | | 33,718 | | | | | | 140,350 | | |
Royal Bank of Scotland Group PLC | | | | | 89,464 | | | | | | 124,751 | | |
RSA Insurance Group PLC | | | | | 24,987 | | | | | | 113,841 | | |
Sage Group PLC (The) | | | | | 24,108 | | | | | | 194,615 | | |
Schroders PLC | | | | | 2,690 | | | | | | 90,051 | | |
Severn Trent PLC | | | | | 5,063 | | | | | | 152,631 | | |
Smith & Nephew PLC | | | | | 17,845 | | | | | | 350,687 | | |
Smiths Group PLC | | | | | 9,841 | | | | | | 153,983 | | |
Spirax-Sarco Engineering PLC | | | | | 1,353 | | | | | | 148,953 | | |
SSE PLC | | | | | 20,056 | | | | | | 316,221 | | |
St James’s Place PLC | | | | | 12,198 | | | | | | 130,996 | | |
Standard Chartered PLC | | | | | 53,904 | | | | | | 277,067 | | |
Standard Life Aberdeen PLC(a) | | | | | 46,457 | | | | | | 129,561 | | |
Subsea 7 SA* | | | | | 6,697 | | | | | | 37,235 | | |
Tate & Lyle PLC | | | | | 13,133 | | | | | | 117,978 | | |
Taylor Wimpey PLC | | | | | 68,287 | | | | | | 126,660 | | |
TechnipFMC PLC | | | | | 9,425 | | | | | | 82,420 | | |
Tesco PLC | | | | | 192,881 | | | | | | 571,976 | | |
Unilever NV | | | | | 27,332 | | | | | | 1,364,516 | | |
Unilever PLC | | | | | 20,297 | | | | | | 1,050,179 | | |
United Utilities Group PLC | | | | | 14,493 | | | | | | 164,929 | | |
Vodafone Group PLC | | | | | 517,788 | | | | | | 732,400 | | |
Weir Group PLC (The) | | | | | 5,717 | | | | | | 68,837 | | |
Whitbread PLC(a) | | | | | 2,073 | | | | | | 77,920 | | |
Wm Morrison Supermarkets PLC(a) | | | | | 53,051 | | | | | | 122,456 | | |
WPP PLC | | | | | 24,085 | | | | | | 188,718 | | |
Total United Kingdom | | | | | | | | | | | 31,571,513 | | |
United States — 0.4% | | | | | | | | | | | | | |
Amcor PLC | | | | | 33,903 | | | | | | 312,302 | | |
Carnival PLC | | | | | 3,576 | | | | | | 49,414 | | |
Ferguson PLC | | | | | 4,534 | | | | | | 328,040 | | |
James Hardie Industries PLC | | | | | 8,898 | | | | | | 130,608 | | |
OneMarket Ltd*(c)(d) | | | | | 1,633 | | | | | | 1,037 | | |
QIAGEN NV* | | | | | 3,818 | | | | | | 158,910 | | |
Samsonite International SA‡ | | | | | 32,778 | | | | | | 27,694 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United States (continued) | | | | ||||||||||
Total United States | | | | | | | | | | $ | 1,008,005 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $309,529,544) | | | | | | | | | | | 247,830,020 | | |
Preferred Stocks — 0.7% | | | | | | | | | | | | | |
Germany — 0.5% | | | | | | | | | | | | | |
FUCHS PETROLUB SE, 2.78% | | | | | 3,064 | | | | | | 119,004 | | |
Henkel AG & Co. KGaA, 2.31% | | | | | 3,719 | | | | | | 330,110 | | |
Porsche Automobil Holding SE, 5.03% | | | | | 3,520 | | | | | | 177,467 | | |
Sartorius AG, 0.00% | ��� | | | | 688 | | | | | | 193,516 | | |
Volkswagen AG, 3.93% | | | | | 3,816 | | | | | | 535,916 | | |
Total Germany | | | | | | | | | | | 1,356,013 | | |
South Korea — 0.2% | | | | | | | | | | | | | |
Samsung Electronics Co., Ltd., 3.44% | | | | | 14,671 | | | | | | 508,720 | | |
Total Preferred Stocks | | | | | | | | | | | | | |
(Cost $2,194,808) | | | | | | | | | | | 1,864,733 | | |
Short-Term Investment — 3.6% | | | | | | | | | | | | | |
Money Market Fund — 3.6% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(e)(f) | | | | | | | | | | | | | |
(Cost $8,900,910) | | | | | 8,900,910 | | | | | | 8,900,910 | | |
Total Investments — 103.6% | | | | | | | | | | | | | |
(Cost $320,625,262) | | | | | | | | | | | 258,595,663 | | |
Other Assets and Liabilities, Net — (3.6)% | | | | | | | | | | | (9,020,866) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 249,574,797 | | |
|
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Australian Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 12,094,407 | | | | | $ | 7,896,990 | | | | | $ | 7,918,322 | | | | | $ | 21,332 | | |
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 11,657,725 | | | | | | 12,074,882 | | | | | | 12,080,003 | | | | | | 5,121 | | |
Danish Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 17,023,871 | | | | | | 2,498,363 | | | | | | 2,499,785 | | | | | | 1,422 | | |
Euro | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 31,282,015 | | | | | | 34,247,731 | | | | | | 34,265,940 | | | | | | 18,209 | | |
British Pound | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 14,767,634 | | | | | | 18,609,346 | | | | | | 18,627,458 | | | | | | 18,112 | | |
Hong Kong Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 936,594 | | | | | | 120,797 | | | | | | 120,808 | | | | | | 11 | | |
Israeli Shekel | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 2,216,471 | | | | | | 637,193 | | | | | | 638,658 | | | | | | 1,465 | | |
Japanese Yen | | | | | 05/01/20 | | | | Morgan Stanley | | | | | 3,434,642,577 | | | | | | 32,105,261 | | | | | | 32,118,975 | | | | | | 13,714 | | |
Japanese Yen | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 95,302,728 | | | | | | 889,188 | | | | | | 891,270 | | | | | | 2,082 | | |
South Korean Won# | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 6,791,014,943 | | | | | | 5,541,724 | | | | | | 5,573,793 | | | | | | 32,069 | | |
Norwegian Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 7,144,875 | | | | | | 697,864 | | | | | | 699,153 | | | | | | 1,289 | | |
New Zealand Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 719,471 | | | | | | 443,004 | | | | | | 443,866 | | | | | | 862 | | |
Polish Zloty | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 1,238,590 | | | | | | 298,903 | | | | | | 299,082 | | | | | | 179 | | |
Swedish Krona | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 32,382,433 | | | | | | 3,309,200 | | | | | | 3,315,552 | | | | | | 6,352 | | |
Singapore Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 142,453 | | | | | | 100,133 | | | | | | 101,197 | | | | | | 1,064 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | 119,470,579 | | | | | $ | 119,593,862 | | | | | $ | 123,283 | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (16,076) | | | | | $ | (16,677) | | | | | $ | (16,658) | | | | | $ | 19 | | |
Danish Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (17,503,913) | | | | | | (2,576,038) | | | | | | (2,570,274) | | | | | | 5,764 | | |
Euro | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (32,152,102) | | | | | | (35,319,132) | | | | | | (35,219,023) | | | | | | 100,109 | | |
Hong Kong Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (34,764,440) | | | | | | (4,484,136) | | | | | | (4,484,126) | | | | | | 10 | | |
South Korean Won# | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (7,031,735,385) | | | | | | (5,818,083) | | | | | | (5,774,131) | | | | | | 43,952 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | (48,214,066) | | | | | $ | (48,064,212) | | | | | $ | 149,854 | | |
Total Unrealized Appreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 273,137 | | |
|
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 319,424 | | | | | $ | 332,697 | | | | | $ | 330,995 | | | | | $ | (1,702) | | |
Danish Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 480,042 | | | | | | 70,610 | | | | | | 70,489 | | | | | | (121) | | |
Euro | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 870,087 | | | | | | 954,875 | | | | | | 953,083 | | | | | | (1,792) | | |
Hong Kong Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 33,827,846 | | | | | | 4,364,097 | | | | | | 4,363,319 | | | | | | (778) | | |
South Korean Won# | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 187,731,882 | | | | | | 154,855 | | | | | | 154,083 | | | | | | (772) | | |
Polish Zloty | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 34,718 | | | | | | 8,399 | | | | | | 8,383 | | | | | | (16) | | |
Singapore Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 1,970,560 | | | | | | 1,400,186 | | | | | | 1,399,865 | | | | | | (321) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | 7,285,719 | | | | | $ | 7,280,217 | | | | | $ | (5,502) | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Australian Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (12,094,407) | | | | | $ | (7,403,361) | | | | | $ | (7,918,322) | | | | | $ | (514,961) | | |
Australian Dollar | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (12,191,100) | | | | | | (7,981,720) | | | | | | (7,982,472) | | | | | | (752) | | |
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (11,961,073) | | | | | | (12,380,099) | | | | | | (12,394,339) | | | | | | (14,240) | | |
Swiss Franc | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (11,669,081) | | | | | | (12,098,142) | | | | | | (12,102,326) | | | | | | (4,184) | | |
Danish Krone | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (17,723,072) | | | | | | (2,603,354) | | | | | | (2,604,058) | | | | | | (704) | | |
Euro | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (31,851,291) | | | | | | (34,901,342) | | | | | | (34,911,725) | | | | | | (10,383) | | |
British Pound | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (14,767,634) | | | | | | (18,322,083) | | | | | | (18,627,458) | | | | | | (305,375) | | |
British Pound | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (14,415,770) | | | | | | (18,183,900) | | | | | | (18,185,955) | | | | | | (2,055) | | |
Hong Kong Dollar | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (34,718,064) | | | | | | (4,475,587) | | | | | | (4,476,201) | | | | | | (614) | | |
Israeli Shekel | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (2,216,471) | | | | | | (627,126) | | | | | | (638,658) | | | | | | (11,532) | | |
Israeli Shekel | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (2,216,306) | | | | | | (638,839) | | | | | | (639,186) | | | | | | (347) | | |
Japanese Yen | | | | | 05/01/20 | | | | Morgan Stanley | | | | | (3,529,945,305) | | | | | | (32,734,942) | | | | | | (33,010,196) | | | | | | (275,254) | | |
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Japanese Yen | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (3,435,939,012) | | | | | $ | (32,137,494) | | | | | $ | (32,147,243) | | | | | $ | (9,749) | | |
South Korean Won# | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (6,978,746,825) | | | | | | (5,724,526) | | | | | | (5,727,876) | | | | | | (3,350) | | |
Norwegian Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (7,144,875) | | | | | | (680,549) | | | | | | (699,153) | | | | | | (18,604) | | |
Norwegian Krone | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (7,194,418) | | | | | | (704,002) | | | | | | (704,122) | | | | | | (120) | | |
New Zealand Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (719,471) | | | | | | (426,432) | | | | | | (443,866) | | | | | | (17,434) | | |
New Zealand Dollar | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (718,684) | | | | | | (443,287) | | | | | | (443,294) | | | | | | (7) | | |
Polish Zloty | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (1,273,308) | | | | | | (306,457) | | | | | | (307,465) | | | | | | (1,008) | | |
Polish Zloty | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (1,232,643) | | | | | | (297,522) | | | | | | (297,572) | | | | | | (50) | | |
Swedish Krona | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (32,382,433) | | | | | | (3,270,476) | | | | | | (3,315,552) | | | | | | (45,076) | | |
Swedish Krona | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (32,084,616) | | | | | | (3,285,380) | | | | | | (3,286,031) | | | | | | (651) | | |
Singapore Dollar | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (2,113,013) | | | | | | (1,484,662) | | | | | | (1,501,062) | | | | | | (16,400) | | |
Singapore Dollar | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (2,109,567) | | | | | | (1,498,457) | | | | | | (1,498,799) | | | | | | (342) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | (202,609,739) | | | | | $ | (203,862,931) | | | | | $ | (1,253,192) | | |
Total Unrealized Depreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (1,258,694) | | |
Net Unrealized Appreciation (Depreciation) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (985,557) | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(h) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | 17,035,560 | | | | | $ | — | | | | | $ | — | | | | | $ | 17,035,560 | | |
Austria | | | | | 364,517 | | | | | | — | | | | | | — | | | | | | 364,517 | | |
Belgium | | | | | 2,160,409 | | | | | | — | | | | | | — | | | | | | 2,160,409 | | |
Cambodia | | | | | 52,958 | | | | | | — | | | | | | — | | | | | | 52,958 | | |
China | | | | | 731,231 | | | | | | — | | | | | | — | | | | | | 731,231 | | |
Denmark | | | | | 5,184,721 | | | | | | — | | | | | | — | | | | | | 5,184,721 | | |
Finland | | | | | 2,842,704 | | | | | | — | | | | | | — | | | | | | 2,842,704 | | |
France | | | | | 23,130,297 | | | | | | — | | | | | | — | | | | | | 23,130,297 | | |
Germany | | | | | 18,469,687 | | | | | | — | | | | | | — | | | | | | 18,469,687 | | |
Hong Kong | | | | | 7,600,789 | | | | | | — | | | | | | — | | | | | | 7,600,789 | | |
Ireland | | | | | 1,358,810 | | | | | | — | | | | | | — | | | | | | 1,358,810 | | |
Israel | | | | | 1,277,079 | | | | | | — | | | | | | — | | | | | | 1,277,079 | | |
Italy | | | | | 4,766,436 | | | | | | — | | | | | | — | | | | | | 4,766,436 | | |
Japan | | | | | 64,241,922 | | | | | | — | | | | | | — | | | | | | 64,241,922 | | |
Luxembourg | | | | | 405,022 | | | | | | — | | | | | | — | | | | | | 405,022 | | |
Macau | | | | | 525,022 | | | | | | — | | | | | | — | | | | | | 525,022 | | |
Netherlands | | | | | 9,833,547 | | | | | | — | | | | | | — | | | | | | 9,833,547 | | |
New Zealand | | | | | 1,001,595 | | | | | | — | | | | | | — | | | | | | 1,001,595 | | |
Norway | | | | | 1,370,737 | | | | | | — | | | | | | — | | | | | | 1,370,737 | | |
Poland | | | | | 597,452 | | | | | | — | | | | | | — | | | | | | 597,452 | | |
Portugal | | | | | 430,852 | | | | | | — | | | | | | — | | | | | | 430,852 | | |
Russia | | | | | 220,844 | | | | | | — | | | | | | — | | | | | | 220,844 | | |
Singapore | | | | | 2,997,183 | | | | | | — | | | | | | — | | | | | | 2,997,183 | | |
South Africa | | | | | 447,043 | | | | | | — | | | | | | — | | | | | | 447,043 | | |
South Korea | | | | | 11,033,379 | | | | | | — | | | | | | — | | | | | | 11,033,379 | | |
Spain | | | | | 5,789,159 | | | | | | — | | | | | | 35,120(i) | | | | | | 5,824,279 | | |
Sweden | | | | | 6,569,870 | | | | | | — | | | | | | — | | | | | | 6,569,870 | | |
Switzerland | | | | | 24,776,557 | | | | | | — | | | | | | — | | | | | | 24,776,557 | | |
United Arab Emirates | | | | | — | | | | | | — | | | | | | —(i) | | | | | | — | | |
United Kingdom | | | | | 31,571,513 | | | | | | — | | | | | | — | | | | | | 31,571,513 | | |
United States | | | | | 1,006,968 | | | | | | — | | | | | | 1,037(i) | | | | | | 1,008,005 | | |
Total Common Stocks | | | | | 247,793,863 | | | | | | — | | | | | | 36,157 | | | | | | 247,830,020 | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Preferred Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Germany | | | | $ | 1,356,013 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,356,013 | | |
South Korea | | | | | 508,720 | | | | | | — | | | | | | — | | | | | | 508,720 | | |
Total Preferred Stocks | | | | | 1,864,733 | | | | | | — | | | | | | — | | | | | | 1,864,733 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 8,900,910 | | | | | | — | | | | | | — | | | | | | 8,900,910 | | |
Total Investments in Securities | | | | | 258,559,506 | | | | | | — | | | | | | 36,157 | | | | | | 258,595,663 | | |
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 273,137 | | | | | | — | | | | | | 273,137 | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 258,559,506 | | | | | $ | 273,137 | | | | | $ | 36,157 | | | | | $ | 258,868,800 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(j) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | 1,258,694 | | | | | $ | — | | | | | $ | 1,258,694 | | |
|
Investments in Securities | | | Balance as of April 30, 2019 | | | Accrued Discounts (Premiums) | | | Realized Gain (Loss) | | | Change in Unrealized Appreciation (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation (Depreciation) from Investments Still Held at April 30, 2020(k) | | ||||||||||||||||||||||||||||||
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Abertis Infraestructuras SA(l) | | | | $ | 44,573 | | | | | $ | — | | | | | $ | — | | | | | $ | (9,453) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 35,120 | | | | | $ | (9,453) | | |
NMC Health PLC(l) | | | | | — | | | | | | — | | | | | | (9,930) | | | | | | (104,521) | | | | | | 50,184 | | | | | | (30,575) | | | | | | 94,842 | | | | | | — | | | | | | —(m) | | | | | | (104,521) | | |
OneMarket Ltd(l) | | | | | — | | | | | | — | | | | | | (338) | | | | | | 404 | | | | | | 206 | | | | | | (330) | | | | | | 1,095 | | | | | | — | | | | | | 1,037 | | | | | | 404 | | |
Rolls-Royce Holdings PLC — Entitlement Shares(l) | | | | | 2,895 | | | | | | — | | | | | | (55) | | | | | | (29) | | | | | | 1,539 | | | | | | (4,350) | | | | | | — | | | | | | — | | | | | | — | | | | | | (29) | | |
Total | | | | $ | 47,468 | | | | | $ | — | | | | | $ | (10,323) | | | | | $ | (113,599) | | | | | $ | 51,929 | | | | | $ | (35,255) | | | | | $ | 95,937 | | | | | $ | — | | | | | $ | 36,157 | | | | | $ | (113,599) | | |
Security Type | | | Fair Value | | | Valuation Technique | | | Unobservable Inputs | | |||
Common Stock | | | | $ | 36,157 | | | | Issuer Specific Data | | | Company News Information | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.4% | | ||||||||||||
Australia — 1.1% | | ||||||||||||
BHP Group PLC | | | | | 2,071 | | | | | $ | 34,905 | | |
Rio Tinto PLC | | | | | 1,098 | | | | | | 51,029 | | |
Total Australia | | | | | | | | | | | 85,934 | | |
Austria — 0.3% | | | | | | | | | | | | | |
ANDRITZ AG* | | | | | 71 | | | | | | 2,333 | | |
Erste Group Bank AG* | | | | | 285 | | | | | | 6,189 | | |
OMV AG | | | | | 142 | | | | | | 4,651 | | |
Raiffeisen Bank International AG | | | | | 128 | | | | | | 2,205 | | |
Telekom Austria AG* | | | | | 133 | | | | | | 935 | | |
Verbund AG | | | | | 66 | | | | | | 2,990 | | |
Vienna Insurance Group AG Wiener Versicherung Gruppe | | | | | 38 | | | | | | 765 | | |
voestalpine AG | | | | | 114 | | | | | | 2,359 | | |
Total Austria | | | | | | | | | | | 22,427 | | |
Belgium — 1.5% | | | | | | | | | | | | | |
Ackermans & van Haaren NV | | | | | 22 | | | | | | 2,913 | | |
Ageas | | | | | 184 | | | | | | 6,621 | | |
Anheuser-Busch InBev SA/NV | | | | | 771 | | | | | | 35,367 | | |
Colruyt SA | | | | | 53 | | | | | | 3,171 | | |
Elia Group SA | | | | | 35 | | | | | | 4,025 | | |
Galapagos NV* | | | | | 50 | | | | | | 11,035 | | |
Groupe Bruxelles Lambert SA* | | | | | 73 | | | | | | 5,827 | | |
KBC Group NV | | | | | 275 | | | | | | 14,844 | | |
Proximus SADP | | | | | 139 | | | | | | 2,964 | | |
Sofina SA | | | | | 15 | | | | | | 3,532 | | |
Solvay SA | | | | | 69 | | | | | | 5,384 | | |
Telenet Group Holding NV | | | | | 47 | | | | | | 1,960 | | |
UCB SA* | | | | | 121 | | | | | | 11,072 | | |
Umicore SA | | | | | 203 | | | | | | 8,763 | | |
Total Belgium | | | | | | | | | | | 117,478 | | |
Chile — 0.1% | | | | | | | | | | | | | |
Antofagasta PLC | | | | | 343 | | | | | | 3,517 | | |
China — 0.4% | | | | | | | | | | | | | |
Prosus NV* | | | | | 433 | | | | | | 32,810 | | |
Denmark — 3.6% | | | | | | | | | | | | | |
Ambu A/S, Class B | | | | | 164 | | | | | | 5,143 | | |
AP Moller — Maersk A/S, Class A | | | | | 4 | | | | | | 3,691 | | |
AP Moller — Maersk A/S, Class B | | | | | 7 | | | | | | 6,958 | | |
Carlsberg A/S, Class B | | | | | 102 | | | | | | 12,859 | | |
Chr Hansen Holding A/S | | | | | 102 | | | | | | 8,788 | | |
Coloplast A/S, Class B(a) | | | | | 133 | | | | | | 21,032 | | |
Danske Bank A/S* | | | | | 663 | | | | | | 7,866 | | |
Demant A/S* | | | | | 106 | | | | | | 2,533 | | |
DSV PANALPINA A/S | | | | | 202 | | | | | | 20,839 | | |
Genmab A/S* | | | | | 59 | | | | | | 14,185 | | |
GN Store Nord A/S | | | | | 129 | | | | | | 5,896 | | |
H Lundbeck A/S | | | | | 60 | | | | | | 2,186 | | |
ISS A/S*(a) | | | | | 183 | | | | | | 2,730 | | |
Novo Nordisk A/S, Class B | | | | | 1,655 | | | | | | 105,536 | | |
Novozymes A/S, Class B(a) | | | | | 203 | | | | | | 9,943 | | |
Orsted A/S‡ | | | | | 188 | | | | | | 19,002 | | |
Pandora A/S(a) | | | | | 88 | | | | | | 3,126 | | |
Rockwool International A/S, Class B | | | | | 6 | | | | | | 1,260 | | |
Tryg A/S | | | | | 120 | | | | | | 3,177 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Denmark (continued) | | | | ||||||||||
Vestas Wind Systems A/S | | | | | 195 | | | | | $ | 16,784 | | |
Total Denmark | | | | | | | | | | | 273,534 | | |
Finland — 2.0% | | | | | | | | | | | | | |
Elisa OYJ | | | | | 143 | | | | | | 8,683 | | |
Fortum OYJ | | | | | 430 | | | | | | 7,135 | | |
Huhtamaki OYJ* | | | | | 93 | | | | | | 3,476 | | |
Kesko OYJ, Class B | | | | | 275 | | | | | | 4,473 | | |
Kone OYJ, Class B | | | | | 391 | | | | | | 23,692 | | |
Metso OYJ | | | | | 106 | | | | | | 2,941 | | |
Neste OYJ | | | | | 414 | | | | | | 14,660 | | |
Nokia OYJ | | | | | 5,579 | | | | | | 20,312 | | |
Nokian Renkaat OYJ(a) | | | | | 134 | | | | | | 2,867 | | |
Nordea Bank Abp* | | | | | 3,206 | | | | | | 20,532 | | |
Orion OYJ, Class B* | | | | | 101 | | | | | | 5,131 | | |
Sampo OYJ, Class A* | | | | | 488 | | | | | | 16,164 | | |
Stora Enso OYJ, Class R* | | | | | 572 | | | | | | 6,766 | | |
UPM-Kymmene OYJ | | | | | 531 | | | | | | 14,691 | | |
Wartsila OYJ Abp | | | | | 482 | | | | | | 3,539 | | |
Total Finland | | | | | | | | | | | 155,062 | | |
France — 16.0% | | | | | | | | | | | | | |
Accor SA(a) | | | | | 188 | | | | | | 5,214 | | |
Adevinta ASA* | | | | | 219 | | | | | | 1,816 | | |
Aeroports de Paris | | | | | 28 | | | | | | 2,742 | | |
Air France-KLM*(a) | | | | | 187 | | | | | | 952 | | |
Air Liquide SA(a) | | | | | 464 | | | | | | 59,004 | | |
Airbus SE* | | | | | 551 | | | | | | 34,931 | | |
ALD SA‡ | | | | | 78 | | | | | | 760 | | |
Alstom SA | | | | | 183 | | | | | | 7,488 | | |
Amundi SA‡ | | | | | 57 | | | | | | 3,783 | | |
Arkema SA | | | | | 71 | | | | | | 5,887 | | |
Atos SE | | | | | 95 | | | | | | 6,770 | | |
AXA SA | | | | | 1,922 | | | | | | 34,095 | | |
BioMerieux | | | | | 41 | | | | | | 5,088 | | |
BNP Paribas SA | | | | | 1,083 | | | | | | 34,015 | | |
Bollore SA | | | | | 973 | | | | | | 2,581 | | |
Bouygues SA* | | | | | 210 | | | | | | 6,466 | | |
Bureau Veritas SA | | | | | 274 | | | | | | 5,684 | | |
Capgemini SE | | | | | 156 | | | | | | 14,650 | | |
Carrefour SA | | | | | 566 | | | | | | 8,366 | | |
Casino Guichard Perrachon SA(a) | | | | | 55 | | | | | | 2,062 | | |
Cie de Saint-Gobain | | | | | 485 | | | | | | 12,861 | | |
Cie Generale des Etablissements Michelin | | | | | 176 | | | | | | 17,176 | | |
Cie Plastic Omnium SA | | | | | 54 | | | | | | 1,027 | | |
CNP Assurances* | | | | | 157 | | | | | | 1,621 | | |
Covivio(a) | | | | | 46 | | | | | | 2,879 | | |
Credit Agricole SA | | | | | 1,148 | | | | | | 9,156 | | |
Danone SA | | | | | 599 | | | | | | 41,504 | | |
Dassault Aviation SA | | | | | 2 | | | | | | 1,632 | | |
Dassault Systemes SE | | | | | 132 | | | | | | 19,309 | | |
Edenred | | | | | 242 | | | | | | 9,746 | | |
Eiffage SA | | | | | 74 | | | | | | 6,055 | | |
Electricite de France SA | | | | | 506 | | | | | | 4,031 | | |
Elis SA | | | | | 216 | | | | | | 2,673 | | |
Engie SA | | | | | 1,648 | | | | | | 17,877 | | |
EssilorLuxottica SA | | | | | 294 | | | | | | 36,275 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | | | ||||||||||
Eurazeo SE | | | | | 41 | | | | | $ | 1,961 | | |
Eutelsat Communications SA | | | | | 183 | | | | | | 2,053 | | |
Faurecia SE | | | | | 73 | | | | | | 2,643 | | |
Gecina SA | | | | | 52 | | | | | | 6,783 | | |
Getlink SE | | | | | 451 | | | | | | 5,745 | | |
Hermes International | | | | | 31 | | | | | | 22,675 | | |
ICADE | | | | | 32 | | | | | | 2,459 | | |
Iliad SA | | | | | 15 | | | | | | 2,234 | | |
Imerys SA | | | | | 35 | | | | | | 1,097 | | |
Ingenico Group SA | | | | | 62 | | | | | | 7,789 | | |
Ipsen SA | | | | | 34 | | | | | | 2,523 | | |
JCDecaux SA | | | | | 70 | | | | | | 1,451 | | |
Kering SA | | | | | 74 | | | | | | 37,300 | | |
Klepierre SA | | | | | 191 | | | | | | 3,861 | | |
Legrand SA | | | | | 266 | | | | | | 17,924 | | |
L’Oreal SA* | | | | | 241 | | | | | | 70,031 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 249 | | | | | | 96,124 | | |
Natixis SA | | | | | 831 | | | | | | 1,967 | | |
Orange SA | | | | | 1,915 | | | | | | 23,356 | | |
Orpea | | | | | 49 | | | | | | 5,448 | | |
Pernod Ricard SA | | | | | 212 | | | | | | 32,300 | | |
Peugeot SA | | | | | 541 | | | | | | 7,748 | | |
Publicis Groupe SA | | | | | 214 | | | | | | 6,359 | | |
Remy Cointreau SA(a) | | | | | 24 | | | | | | 2,676 | | |
Renault SA | | | | | 178 | | | | | | 3,530 | | |
Rexel SA | | | | | 299 | | | | | | 2,800 | | |
Rubis SCA | | | | | 90 | | | | | | 4,038 | | |
Safran SA | | | | | 325 | | | | | | 29,980 | | |
Sanofi | | | | | 1,085 | | | | | | 105,993 | | |
Sartorius Stedim Biotech* | | | | | 24 | | | | | | 5,757 | | |
Schneider Electric SE*(a) | | | | | 525 | | | | | | 47,992 | | |
SCOR SE* | | | | | 155 | | | | | | 4,363 | | |
SEB SA | | | | | 27 | | | | | | 3,247 | | |
Societe Generale SA | | | | | 765 | | | | | | 11,949 | | |
Sodexo SA | | | | | 86 | | | | | | 6,829 | | |
Suez | | | | | 364 | | | | | | 4,113 | | |
Teleperformance | | | | | 58 | | | | | | 12,991 | | |
Thales SA | | | | | 99 | | | | | | 7,497 | | |
TOTAL SA | | | | | 2,388 | | | | | | 85,922 | | |
Ubisoft Entertainment SA* | | | | | 90 | | | | | | 6,695 | | |
Unibail-Rodamco-Westfield | | | | | 135 | | | | | | 7,943 | | |
Valeo SA | | | | | 237 | | | | | | 5,495 | | |
Veolia Environnement SA | | | | | 502 | | | | | | 10,714 | | |
Vinci SA | | | | | 465 | | | | | | 38,046 | | |
Vivendi SA | | | | | 804 | | | | | | 17,353 | | |
Wendel SA | | | | | 28 | | | | | | 2,392 | | |
Worldline SA‡* | | | | | 130 | | | | | | 8,825 | | |
Total France | | | | | | | | | | | 1,225,147 | | |
Germany — 13.1% | | | | | | | | | | | | | |
1&1 Drillisch AG(a) | | | | | 45 | | | | | | 1,047 | | |
adidas AG | | | | | 193 | | | | | | 44,223 | | |
Allianz SE | | | | | 416 | | | | | | 76,949 | | |
Aroundtown SA | | | | | 1,189 | | | | | | 6,394 | | |
BASF SE | | | | | 916 | | | | | | 46,839 | | |
Bayer AG | | | | | 984 | | | | | | 64,817 | | |
Bayerische Motoren Werke AG | | | | | 320 | | | | | | 18,944 | | |
Bechtle AG | | | | | 27 | | | | | | 3,909 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | | | ||||||||||
Beiersdorf AG | | | | | 99 | | | | | $ | 10,364 | | |
Brenntag AG | | | | | 154 | | | | | | 6,948 | | |
Carl Zeiss Meditec AG* | | | | | 37 | | | | | | 3,645 | | |
Commerzbank AG(a) | | | | | 1,032 | | | | | | 3,814 | | |
Continental AG* | | | | | 107 | | | | | | 9,048 | | |
Covestro AG‡* | | | | | 170 | | | | | | 5,713 | | |
CTS Eventim AG & Co. KGaA | | | | | 58 | | | | | | 2,410 | | |
Daimler AG | | | | | 807 | | | | | | 27,874 | | |
Delivery Hero SE‡* | | | | | 141 | | | | | | 11,892 | | |
Deutsche Bank AG | | | | | 2,035 | | | | | | 15,108 | | |
Deutsche Boerse AG | | | | | 184 | | | | | | 28,568 | | |
Deutsche Lufthansa AG(a) | | | | | 236 | | | | | | 2,109 | | |
Deutsche Post AG | | | | | 976 | | | | | | 29,024 | | |
Deutsche Telekom AG* | | | | | 3,232 | | | | | | 47,171 | | |
Deutsche Wohnen SE | | | | | 356 | | | | | | 14,427 | | |
DWS Group GmbH & Co. KGaA‡ | | | | | 32 | | | | | | 1,013 | | |
E.ON SE | | | | | 2,160 | | | | | | 21,638 | | |
Evonik Industries AG | | | | | 187 | | | | | | 4,600 | | |
Fielmann AG | | | | | 24 | | | | | | 1,571 | | |
Fraport AG Frankfurt Airport Services Worldwide(a) | | | | | 34 | | | | | | 1,491 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 208 | | | | | | 16,326 | | |
Fresenius SE & Co. KGaA | | | | | 405 | | | | | | 17,580 | | |
FUCHS PETROLUB SE | | | | | 32 | | | | | | 1,069 | | |
GEA Group AG* | | | | | 164 | | | | | | 3,769 | | |
GRENKE AG(a) | | | | | 26 | | | | | | 1,823 | | |
Hannover Rueck SE | | | | | 60 | | | | | | 9,562 | | |
Hapag-Lloyd AG‡ | | | | | 27 | | | | | | 3,880 | | |
HeidelbergCement AG | | | | | 147 | | | | | | 6,984 | | |
Hella GmbH & Co. KGaA | | | | | 43 | | | | | | 1,592 | | |
Henkel AG & Co. KGaA* | | | | | 100 | | | | | | 7,788 | | |
HOCHTIEF AG | | | | | 20 | | | | | | 1,572 | | |
HUGO BOSS AG | | | | | 60 | | | | | | 1,668 | | |
Infineon Technologies AG | | | | | 1,247 | | | | | | 23,151 | | |
KION Group AG | | | | | 70 | | | | | | 3,474 | | |
Knorr-Bremse AG | | | | | 48 | | | | | | 4,461 | | |
LANXESS AG | | | | | 83 | | | | | | 4,087 | | |
LEG Immobilien AG | | | | | 69 | | | | | | 7,923 | | |
Merck KGaA* | | | | | 129 | | | | | | 14,991 | | |
METRO AG | | | | | 164 | | | | | | 1,424 | | |
MTU Aero Engines AG* | | | | | 53 | | | | | | 7,216 | | |
Muenchener Rueckversicherungs-Gesellschaft AG | | | | | 144 | | | | | | 31,671 | | |
Nemetschek SE | | | | | 54 | | | | | | 3,401 | | |
OSRAM Licht AG* | | | | | 72 | | | | | | 2,989 | | |
ProSiebenSat.1 Media SE(a) | | | | | 186 | | | | | | 1,863 | | |
Puma SE* | | | | | 82 | | | | | | 5,153 | | |
Rational AG | | | | | 3 | | | | | | 1,448 | | |
Rheinmetall AG | | | | | 43 | | | | | | 2,912 | | |
Rocket Internet SE‡* | | | | | 64 | | | | | | 1,348 | | |
RWE AG | | | | | 570 | | | | | | 16,382 | | |
SAP SE | | | | | 970 | | | | | | 115,742 | | |
Scout24 AG‡ | | | | | 108 | | | | | | 7,062 | | |
Siemens AG | | | | | 758 | | | | | | 70,304 | | |
Siemens Healthineers AG‡ | | | | | 130 | | | | | | 5,724 | | |
Suedzucker AG | | | | | 76 | | | | | | 1,005 | | |
Symrise AG | | | | | 125 | | | | | | 12,640 | | |
Talanx AG | | | | | 37 | | | | | | 1,320 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | | | ||||||||||
TeamViewer AG* | | | | | 96 | | | | | $ | 4,164 | | |
Telefonica Deutschland Holding AG | | | | | 647 | | | | | | 1,839 | | |
thyssenkrupp AG*(a) | | | | | 462 | | | | | | 3,077 | | |
Traton SE* | | | | | 49 | | | | | | 739 | | |
TUI AG(a) | | | | | 431 | | | | | | 1,721 | | |
Uniper SE(a) | | | | | 193 | | | | | | 5,179 | | |
United Internet AG | | | | | 115 | | | | | | 3,961 | | |
Varta AG* | | | | | 14 | | | | | | 1,161 | | |
Volkswagen AG(a) | | | | | 32 | | | | | | 4,777 | | |
Vonovia SE | | | | | 541 | | | | | | 26,695 | | |
Wacker Chemie AG | | | | | 15 | | | | | | 875 | | |
Wirecard AG(a) | | | | | 114 | | | | | | 11,288 | | |
Zalando SE‡* | | | | | 148 | | | | | | 7,212 | | |
Total Germany | | | | | | | | | | | 1,005,542 | | |
Ireland — 0.9% | | | | | | | | | | | | | |
AIB Group PLC*(a) | | | | | 756 | | | | | | 1,035 | | |
Bank of Ireland Group PLC | | | | | 909 | | | | | | 1,835 | | |
CRH PLC | | | | | 794 | | | | | | 24,036 | | |
Flutter Entertainment PLC | | | | | 78 | | | | | | 9,593 | | |
Glanbia PLC | | | | | 190 | | | | | | 2,029 | | |
Glanbia PLC | | | | | 7 | | | | | | 74 | | |
Kerry Group PLC, Class A | | | | | 146 | | | | | | 16,743 | | |
Kingspan Group PLC | | | | | 148 | | | | | | 7,538 | | |
Smurfit Kappa Group PLC | | | | | 237 | | | | | | 7,497 | | |
Total Ireland | | | | | | | | | | | 70,380 | | |
Italy — 3.4% | | | | | | | | | | | | | |
A2A SpA | | | | | 1,541 | | | | | | 2,097 | | |
Amplifon SpA | | | | | 118 | | | | | | 2,703 | | |
Assicurazioni Generali SpA | | | | | 1,279 | | | | | | 18,233 | | |
Atlantia SpA | | | | | 493 | | | | | | 8,021 | | |
Banca Mediolanum SpA | | | | | 287 | | | | | | 1,751 | | |
Banco BPM SpA*(a) | | | | | 1,514 | | | | | | 1,847 | | |
Buzzi Unicem SpA | | | | | 69 | | | | | | 1,352 | | |
Buzzi Unicem SpA-RSP | | | | | 40 | | | | | | 418 | | |
Davide Campari-Milano SpA | | | | | 548 | | | | | | 4,244 | | |
DiaSorin SpA | | | | | 23 | | | | | | 3,912 | | |
Enel SpA | | | | | 7,784 | | | | | | 53,167 | | |
Eni SpA | | | | | 2,505 | | | | | | 23,909 | | |
Ferrari NV | | | | | 123 | | | | | | 19,319 | | |
FinecoBank Banca Fineco SpA* | | | | | 606 | | | | | | 6,730 | | |
Hera SpA | | | | | 807 | | | | | | 2,986 | | |
Infrastrutture Wireless Italiane SpA‡ | | | | | 282 | | | | | | 2,982 | | |
Intesa Sanpaolo SpA | | | | | 14,975 | | | | | | 23,340 | | |
Italgas SpA | | | | | 484 | | | | | | 2,706 | | |
Leonardo SpA | | | | | 384 | | | | | | 2,647 | | |
Mediaset SpA*(a) | | | | | 291 | | | | | | 591 | | |
Mediobanca Banca di Credito Finanziario SpA | | | | | 803 | | | | | | 4,651 | | |
Moncler SpA | | | | | 194 | | | | | | 7,288 | | |
Nexi SpA‡* | | | | | 293 | | | | | | 4,437 | | |
Pirelli & C SpA‡ | | | | | 431 | | | | | | 1,678 | | |
Poste Italiane SpA‡ | | | | | 452 | | | | | | 3,838 | | |
Prysmian SpA | | | | | 245 | | | | | | 4,608 | | |
Recordati SpA | | | | | 96 | | | | | | 4,171 | | |
Saipem SpA* | | | | | 557 | | | | | | 1,428 | | |
Salvatore Ferragamo SpA | | | | | 65 | | | | | | 804 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Italy (continued) | | | | ||||||||||
Snam SpA | | | | | 2,283 | | | | | $ | 10,222 | | |
Telecom Italia SpA*(a) | | | | | 10,600 | | | | | | 4,198 | | |
Telecom Italia SpA-RSP | | | | | 6,022 | | | | | | 2,397 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 1,413 | | | | | | 8,853 | | |
UniCredit SpA* | | | | | 2,226 | | | | | | 17,138 | | |
Unione di Banche Italiane SpA | | | | | 927 | | | | | | 2,649 | | |
UnipolSai Assicurazioni SpA(a) | | | | | 553 | | | | | | 1,359 | | |
Total Italy | | | | | | | | | | | 262,674 | | |
Jordan — 0.1% | | | | | | | | | | | | | |
Hikma Pharmaceuticals PLC | | | | | 140 | | | | | | 4,185 | | |
Kazakhstan — 0.0%(b) | | | | | | | | | | | | | |
KAZ Minerals PLC | | | | | 227 | | | | | | 1,187 | | |
Luxembourg — 0.3% | | | | | | | | | | | | | |
ArcelorMittal SA | | | | | 598 | | | | | | 6,551 | | |
Eurofins Scientific SE(a) | | | | | 11 | | | | | | 6,084 | | |
RTL Group SA | | | | | 38 | | | | | | 1,267 | | |
SES SA | | | | | 348 | | | | | | 2,324 | | |
Tenaris SA | | | | | 464 | | | | | | 3,250 | | |
Total Luxembourg | | | | | | | | | | | 19,476 | | |
Mexico — 0.0%(b) | | | | | | | | | | | | | |
Fresnillo PLC(a) | | | | | 179 | | | | | | 1,607 | | |
Netherlands — 6.9% | | | | | | | | | | | | | |
Aalberts NV* | | | | | 96 | | | | | | 2,702 | | |
ABN AMRO Bank NV‡ | | | | | 401 | | | | | | 3,075 | | |
Adyen NV‡* | | | | | 27 | | | | | | 26,651 | | |
Aegon NV | | | | | 1,748 | | | | | | 4,499 | | |
Akzo Nobel NV | | | | | 196 | | | | | | 14,856 | | |
Altice Europe NV* | | | | | 541 | | | | | | 2,154 | | |
Altice Europe NV, Class B* | | | | | 28 | | | | | | 112 | | |
Argenx SE* | | | | | 43 | | | | | | 6,476 | | |
ASM International NV | | | | | 48 | | | | | | 5,281 | | |
ASML Holding NV | | | | | 401 | | | | | | 118,874 | | |
ASR Nederland NV | | | | | 138 | | | | | | 3,711 | | |
Boskalis Westminster NV | | | | | 81 | | | | | | 1,406 | | |
Euronext NV‡ | | | | | 61 | | | | | | 5,118 | | |
EXOR NV | | | | | 104 | | | | | | 5,683 | | |
GrandVision NV‡* | | | | | 48 | | | | | | 1,272 | | |
Heineken Holding NV(a) | | | | | 105 | | | | | | 8,177 | | |
Heineken NV | | | | | 235 | | | | | | 19,979 | | |
ING Groep NV | | | | | 3,903 | | | | | | 21,409 | | |
Just Eat Takeaway.com NV‡* | | | | | 108 | | | | | | 11,018 | | |
Koninklijke Ahold Delhaize NV | | | | | 1,090 | | | | | | 26,456 | | |
Koninklijke DSM NV | | | | | 176 | | | | | | 21,542 | | |
Koninklijke KPN NV | | | | | 3,295 | | | | | | 7,622 | | |
Koninklijke Philips NV | | | | | 891 | | | | | | 38,758 | | |
Koninklijke Vopak NV | | | | | 66 | | | | | | 3,804 | | |
NN Group NV | | | | | 333 | | | | | | 9,633 | | |
OCI NV* | | | | | 94 | | | | | | 1,138 | | |
Randstad NV | | | | | 109 | | | | | | 4,373 | | |
Royal Dutch Shell PLC, Class A | | | | | 4,119 | | | | | | 68,840 | | |
Royal Dutch Shell PLC, Class B | | | | | 3,742 | | | | | | 60,718 | | |
Signify NV‡ | | | | | 125 | | | | | | 2,549 | | |
Wolters Kluwer NV | | | | | 265 | | | | | | 19,482 | | |
Total Netherlands | | | | | | | | | | | 527,368 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Norway — 0.9% | | | | | | | | | | | | | |
Aker ASA, Class A* | | | | | 24 | | | | | $ | 637 | | |
Aker BP ASA | | | | | 107 | | | | | | 1,781 | | |
DNB ASA | | | | | 1,040 | | | | | | 12,639 | | |
Equinor ASA | | | | | 972 | | | | | | 13,644 | | |
Gjensidige Forsikring ASA* | | | | | 166 | | | | | | 2,940 | | |
Leroy Seafood Group ASA | | | | | 246 | | | | | | 1,310 | | |
Mowi ASA | | | | | 420 | | | | | | 7,213 | | |
Norsk Hydro ASA | | | | | 1,323 | | | | | | 3,388 | | |
Orkla ASA | | | | | 754 | | | | | | 6,842 | | |
Salmar ASA | | | | | 52 | | | | | | 2,035 | | |
Schibsted ASA, Class A | | | | | 79 | | | | | | 1,681 | | |
Schibsted ASA, Class B | | | | | 97 | | | | | | 1,890 | | |
Telenor ASA | | | | | 639 | | | | | | 9,833 | | |
Yara International ASA | | | | | 173 | | | | | | 5,913 | | |
Total Norway | | | | | | | | | | | 71,746 | | |
Poland — 0.4% | | | | | | | | | | | | | |
Bank Polska Kasa Opieki SA | | | | | 155 | | | | | | 1,946 | | |
CD Projekt SA | | | | | 62 | | | | | | 5,354 | | |
Cyfrowy Polsat SA | | | | | 267 | | | | | | 1,648 | | |
Dino Polska SA‡* | | | | | 48 | | | | | | 2,024 | | |
Grupa Lotos SA | | | | | 98 | | | | | | 1,476 | | |
KGHM Polska Miedz SA* | | | | | 135 | | | | | | 2,509 | | |
LPP SA | | | | | 1 | | | | | | 1,570 | | |
mBank SA* | | | | | 13 | | | | | | 687 | | |
PGE Polska Grupa Energetyczna SA* | | | | | 698 | | | | | | 695 | | |
Polski Koncern Naftowy ORLEN SA | | | | | 312 | | | | | | 4,698 | | |
Polskie Gornictwo Naftowe I Gazownictwo SA | | | | | 1,719 | | | | | | 1,541 | | |
Powszechna Kasa Oszczednosci Bank Polski SA | | | | | 848 | | | | | | 4,507 | | |
Powszechny Zaklad Ubezpieczen SA | | | | | 556 | | | | | | 4,065 | | |
Santander Bank Polska SA | | | | | 30 | | | | | | 1,181 | | |
Total Poland | | | | | | | | | | | 33,901 | | |
Portugal — 0.3% | | | | | | | | | | | | | |
EDP — Energias de Portugal SA | | | | | 2,529 | | | | | | 10,664 | | |
Galp Energia SGPS SA | | | | | 512 | | | | | | 5,897 | | |
Jeronimo Martins SGPS SA | | | | | 241 | | | | | | 4,069 | | |
Total Portugal | | | | | | | | | | | 20,630 | | |
Russia — 0.1% | | | | | | | | | | | | | |
Evraz PLC | | | | | 542 | | | | | | 1,813 | | |
Polymetal International PLC | | | | | 334 | | | | | | 6,878 | | |
Total Russia | | | | | | | | | | | 8,691 | | |
South Africa — 0.3% | | | | | | | | | | | | | |
Anglo American PLC | | | | | 1,235 | | | | | | 22,045 | | |
Investec PLC | | | | | 644 | | | | | | 1,332 | | |
Total South Africa | | | | | | | | | | | 23,377 | | |
Spain — 4.0% | | | | | | | | | | | | | |
Acciona SA | | | | | 21 | | | | | | 2,079 | | |
ACS Actividades de Construccion y Servicios SA | | | | | 242 | | | | | | 6,035 | | |
Aena SME SA‡* | | | | | 70 | | | | | | 8,856 | | |
Amadeus IT Group SA | | | | | 406 | | | | | | 19,531 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 6,595 | | | | | | 21,577 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Spain (continued) | | | | ||||||||||
Banco de Sabadell SA | | | | | 5,438 | | | | | $ | 2,252 | | |
Banco Santander SA | | | | | 16,448 | | | | | | 36,707 | | |
Bankia SA | | | | | 1,169 | | | | | | 1,189 | | |
Bankinter SA | | | | | 680 | | | | | | 2,803 | | |
CaixaBank SA | | | | | 3,575 | | | | | | 6,426 | | |
Cellnex Telecom SA‡* | | | | | 269 | | | | | | 14,084 | | |
EDP Renovaveis SA | | | | | 147 | | | | | | 1,803 | | |
Enagas SA | | | | | 249 | | | | | | 5,806 | | |
Endesa SA | | | | | 316 | | | | | | 7,009 | | |
Ferrovial SA | | | | | 476 | | | | | | 11,887 | | |
Grifols SA | | | | | 331 | | | | | | 11,261 | | |
Iberdrola SA | | | | | 5,932 | | | | | | 59,385 | | |
Industria de Diseno Textil SA | | | | | 1,052 | | | | | | 26,790 | | |
Inmobiliaria Colonial Socimi SA | | | | | 322 | | | | | | 3,104 | | |
Mapfre SA | | | | | 987 | | | | | | 1,806 | | |
Merlin Properties Socimi SA | | | | | 330 | | | | | | 3,058 | | |
Naturgy Energy Group SA | | | | | 297 | | | | | | 5,241 | | |
Red Electrica Corp. SA | | | | | 427 | | | | | | 7,509 | | |
Repsol SA | | | | | 1,359 | | | | | | 12,375 | | |
Siemens Gamesa Renewable Energy SA* | | | | | 222 | | | | | | 3,300 | | |
Telefonica SA | | | | | 4,520 | | | | | | 20,694 | | |
Zardoya Otis SA | | | | | 173 | | | | | | 1,203 | | |
Total Spain | | | | | | | | | | | 303,770 | | |
Sweden — 4.6% | | | | | | | | | | | | | |
Alfa Laval AB* | | | | | 312 | | | | | | 5,862 | | |
Assa Abloy AB, B Shares(a) | | | | | 913 | | | | | | 16,456 | | |
Atlas Copco AB, A Shares(a) | | | | | 626 | | | | | | 21,746 | | |
Atlas Copco AB, B Shares | | | | | 373 | | | | | | 11,659 | | |
Boliden AB(a) | | | | | 273 | | | | | | 5,599 | | |
Castellum AB | | | | | 267 | | | | | | 4,687 | | |
Electrolux AB, Series B | | | | | 237 | | | | | | 3,272 | | |
Electrolux Professional AB, B Shares* | | | | | 237 | | | | | | 545 | | |
Elekta AB, B Shares(a) | | | | | 355 | | | | | | 3,285 | | |
Epiroc AB, A Shares | | | | | 622 | | | | | | 6,249 | | |
Epiroc AB, B Shares | | | | | 374 | | | | | | 3,707 | | |
EQT AB* | | | | | 199 | | | | | | 2,779 | | |
Essity AB, B Shares* | | | | | 605 | | | | | | 19,667 | | |
Fastighets AB Balder, B Shares* | | | | | 96 | | | | | | 3,794 | | |
Hennes & Mauritz AB, B Shares(a) | | | | | 865 | | | | | | 12,062 | | |
Hexagon AB, B Shares*(a) | | | | | 251 | | | | | | 12,518 | | |
Hufvudstaden AB, A Shares | | | | | 108 | | | | | | 1,387 | | |
Husqvarna AB, B Shares | | | | | 402 | | | | | | 2,435 | | |
ICA Gruppen AB(a) | | | | | 76 | | | | | | 3,316 | | |
Industrivarden AB, A Shares* | | | | | 206 | | | | | | 4,277 | | |
Industrivarden AB, C Shares* | | | | | 166 | | | | | | 3,436 | | |
Investment AB Latour, B Shares | | | | | 117 | | | | | | 1,756 | | |
Investor AB, A Shares | | | | | 132 | | | | | | 6,568 | | |
Investor AB, B Shares | | | | | 452 | | | | | | 22,731 | | |
Kinnevik AB, B Shares | | | | | 237 | | | | | | 4,901 | | |
L E Lundbergforetagen AB, B Shares* | | | | | 74 | | | | | | 3,123 | | |
Lundin Energy AB | | | | | 172 | | | | | | 4,468 | | |
Nibe Industrier AB, B Shares | | | | | 297 | | | | | | 5,560 | | |
Saab AB, B Shares* | | | | | 93 | | | | | | 2,157 | | |
Sandvik AB* | | | | | 1,072 | | | | | | 16,606 | | |
Securitas AB, B Shares(a) | | | | | 307 | | | | | | 3,629 | | |
Skandinaviska Enskilda Banken AB, A Shares* | | | | | 1,415 | | | | | | 11,639 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden (continued) | | | | ||||||||||
Skandinaviska Enskilda Banken AB, C Shares* | | | | | 20 | | | | | $ | 179 | | |
Skanska AB, B Shares* | | | | | 355 | | | | | | 6,802 | | |
SKF AB, B Shares | | | | | 381 | | | | | | 6,068 | | |
Svenska Cellulosa AB SCA, A Shares* | | | | | 21 | | | | | | 228 | | |
Svenska Cellulosa AB SCA, B Shares* | | | | | 588 | | | | | | 6,336 | | |
Svenska Handelsbanken AB, A Shares* | | | | | 1,463 | | | | | | 13,526 | | |
Svenska Handelsbanken AB, B Shares* | | | | | 34 | | | | | | 339 | | |
Swedbank AB, A Shares* | | | | | 988 | | | | | | 11,669 | | |
Swedish Match AB | | | | | 164 | | | | | | 10,169 | | |
Swedish Orphan Biovitrum AB* | | | | | 174 | | | | | | 3,385 | | |
Tele2 AB, B Shares | | | | | 527 | | | | | | 6,831 | | |
Telefonaktiebolaget LM Ericsson, A Shares | | | | | 35 | | | | | | 331 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 2,970 | | | | | | 25,877 | | |
Telia Co. AB | | | | | 2,573 | | | | | | 8,891 | | |
Trelleborg AB, B Shares* | | | | | 241 | | | | | | 3,104 | | |
Volvo AB, B Shares* | | | | | 1,491 | | | | | | 19,257 | | |
Total Sweden | | | | | | | | | | | 354,868 | | |
Switzerland — 17.0% | | | | | | | | | | | | | |
ABB Ltd. | | | | | 1,785 | | | | | | 33,891 | | |
Adecco Group AG | | | | | 151 | | | | | | 6,619 | | |
Alcon, Inc.* | | | | | 457 | | | | | | 24,120 | | |
Baloise Holding AG | | | | | 46 | | | | | | 6,887 | | |
Banque Cantonale Vaudoise | | | | | 3 | | | | | | 2,651 | | |
Barry Callebaut AG | | | | | 3 | | | | | | 5,881 | | |
Chocoladefabriken Lindt & Spruengli AG | | | | | 1 | | | | | | 7,797 | | |
Cie Financiere Richemont SA | | | | | 510 | | | | | | 28,968 | | |
Clariant AG* | | | | | 199 | | | | | | 3,683 | | |
Coca-Cola HBC AG* | | | | | 194 | | | | | | 4,931 | | |
Credit Suisse Group AG* | | | | | 2,441 | | | | | | 22,069 | | |
DKSH Holding AG* | | | | | 35 | | | | | | 1,976 | | |
Dufry AG* | | | | | 27 | | | | | | 879 | | |
EMS-Chemie Holding AG | | | | | 7 | | | | | | 4,537 | | |
Flughafen Zurich AG* | | | | | 19 | | | | | | 2,345 | | |
Geberit AG | | | | | 36 | | | | | | 16,155 | | |
Georg Fischer AG | | | | | 4 | | | | | | 2,982 | | |
Givaudan SA | | | | | 9 | | | | | | 30,148 | | |
Glencore PLC* | | | | | 10,788 | | | | | | 20,016 | | |
Helvetia Holding AG | | | | | 33 | | | | | | 3,021 | | |
Julius Baer Group Ltd.* | | | | | 214 | | | | | | 8,390 | | |
Kuehne + Nagel International AG | | | | | 50 | | | | | | 7,152 | | |
LafargeHolcim Ltd.* | | | | | 502 | | | | | | 20,826 | | |
Logitech International SA | | | | | 145 | | | | | | 6,987 | | |
Lonza Group AG | | | | | 74 | | | | | | 32,310 | | |
Nestle SA | | | | | 2,889 | | | | | | 305,019 | | |
Novartis AG | | | | | 2,127 | | | | ��� | | 181,285 | | |
OC Oerlikon Corp. AG | | | | | 191 | | | | | | 1,431 | | |
Pargesa Holding SA | | | | | 38 | | | | | | 2,703 | | |
Partners Group Holding AG | | | | | 16 | | | | | | 12,596 | | |
PSP Swiss Property AG | | | | | 39 | | | | | | 4,534 | | |
Roche Holding AG | | | | | 695 | | | | | | 241,556 | | |
Roche Holding AG | | | | | 27 | | | | | | 9,394 | | |
Schindler Holding AG — Participating Certificate | | | | | 41 | | | | | | 9,112 | | |
Schindler Holding AG — Registered | | | | | 19 | | | | | | 4,075 | | |
SGS SA | | | | | 6 | | | | | | 13,583 | | |
Sika AG(a) | | | | | 139 | | | | | | 23,000 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Switzerland (continued) | | | | ||||||||||
Sonova Holding AG | | | | | 54 | | | | | $ | 9,752 | | |
STMicroelectronics NV | | | | | 629 | | | | | | 16,335 | | |
Straumann Holding AG | | | | | 10 | | | | | | 7,588 | | |
Sulzer AG | | | | | 17 | | | | | | 1,203 | | |
Swatch Group AG (The) — Bearer | | | | | 27 | | | | | | 5,403 | | |
Swatch Group AG (The) — Registered | | | | | 40 | | | | | | 1,557 | | |
Swiss Life Holding AG | | | | | 33 | | | | | | 11,690 | | |
Swiss Prime Site AG | | | | | 74 | | | | | | 7,031 | | |
Swiss Re AG(a) | | | | | 276 | | | | | | 19,920 | | |
Swisscom AG | | | | | 25 | | | | | | 12,998 | | |
Temenos AG* | | | | | 59 | | | | | | 7,678 | | |
UBS Group AG* | | | | | 3,378 | | | | | | 36,190 | | |
Vifor Pharma AG | | | | | 44 | | | | | | 6,613 | | |
Zurich Insurance Group AG | | | | | 148 | | | | | | 47,123 | | |
Total Switzerland | | | | | | | | | | | 1,304,590 | | |
United Arab Emirates — 0.0%(b) | | | | | | | | | | | | | |
NMC Health PLC(c) (d) | | | | | 115 | | | | | | — | | |
United Kingdom — 21.7% | | | | | | | | | | | | | |
3i Group PLC | | | | | 940 | | | | | | 9,296 | | |
Admiral Group PLC | | | | | 203 | | | | | | 5,966 | | |
Ashmore Group PLC | | | | | 450 | | | | | | 2,153 | | |
Ashtead Group PLC | | | | | 448 | | | | | | 12,291 | | |
Associated British Foods PLC | | | | | 344 | | | | | | 8,212 | | |
AstraZeneca PLC | | | | | 1,310 | | | | | | 137,510 | | |
Auto Trader Group PLC‡ | | | | | 897 | | | | | | 5,190 | | |
Avast PLC‡ | | | | | 535 | | | | | | 3,092 | | |
AVEVA Group PLC | | | | | 63 | | | | | | 2,837 | | |
Aviva PLC | | | | | 3,889 | | | | | | 11,861 | | |
B&M European Value Retail SA | | | | | 844 | | | | | | 3,543 | | |
Babcock International Group PLC | | | | | 247 | | | | | | 1,313 | | |
BAE Systems PLC | | | | | 3,188 | | | | | | 20,444 | | |
Barclays PLC | | | | | 17,117 | | | | | | 22,864 | | |
Barratt Developments PLC | | | | | 1,004 | | | | | | 6,573 | | |
Bellway PLC | | | | | 123 | | | | | | 4,132 | | |
Berkeley Group Holdings PLC | | | | | 116 | | | | | | 6,120 | | |
BP PLC | | | | | 19,886 | | | | | | 78,536 | | |
British American Tobacco PLC | | | | | 2,279 | | | | | | 88,553 | | |
British Land Co. PLC (The) | | | | | 914 | | | | | | 4,665 | | |
BT Group PLC | | | | | 8,698 | | | | | | 12,732 | | |
Bunzl PLC | | | | | 335 | | | | | | 7,300 | | |
Burberry Group PLC | | | | | 396 | | | | | | 6,943 | | |
Centrica PLC | | | | | 5,652 | | | | | | 2,845 | | |
Cineworld Group PLC | | | | | 999 | | | | | | 825 | | |
CNH Industrial NV* | | | | | 983 | | | | | | 6,150 | | |
Compass Group PLC | | | | | 1,578 | | | | | | 26,592 | | |
ConvaTec Group PLC‡ | | | | | 1,454 | | | | | | 3,895 | | |
Croda International PLC | | | | | 124 | | | | | | 7,636 | | |
DCC PLC | | | | | 98 | | | | | | 6,994 | | |
Derwent London PLC | | | | | 99 | | | | | | 3,879 | | |
Diageo PLC | | | | | 2,302 | | | | | | 79,850 | | |
Direct Line Insurance Group PLC | | | | | 1,366 | | | | | | 4,695 | | |
DS Smith PLC | | | | | 1,261 | | | | | | 4,961 | | |
easyJet PLC(a) | | | | | 191 | | | | | | 1,453 | | |
Experian PLC | | | | | 904 | | | | | | 27,093 | | |
Fiat Chrysler Automobiles NV | | | | | 1,102 | | | | | | 9,675 | | |
G4S PLC | | | | | 1,534 | | | | | | 2,113 | | |
GlaxoSmithKline PLC | | | | | 4,893 | | | | | | 102,513 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | | | ||||||||||
GVC Holdings PLC | | | | | 578 | | | | | $ | 5,497 | | |
Halma PLC | | | | | 374 | | | | | | 9,859 | | |
Hargreaves Lansdown PLC(a) | | | | | 300 | | | | | | 5,451 | | |
Hiscox Ltd. | | | | | 276 | | | | | | 2,446 | | |
HomeServe PLC | | | | | 270 | | | | | | 3,797 | | |
Howden Joinery Group PLC | | | | | 567 | | | | | | 3,756 | | |
HSBC Holdings PLC | | | | | 20,214 | | | | | | 104,537 | | |
IMI PLC | | | | | 266 | | | | | | 2,776 | | |
Imperial Brands PLC | | | | | 949 | | | | | | 20,098 | | |
Inchcape PLC | | | | | 387 | | | | | | 2,448 | | |
Informa PLC | | | | | 1,369 | | | | | | 7,584 | | |
InterContinental Hotels Group PLC | | | | | 181 | | | | | | 8,237 | | |
Intermediate Capital Group PLC | | | | | 275 | | | | | | 3,913 | | |
International Consolidated Airlines Group SA | | | | | 642 | | | | | | 1,797 | | |
Intertek Group PLC | | | | | 161 | | | | | | 9,646 | | |
ITV PLC | | | | | 3,611 | | | | | | 3,484 | | |
J Sainsbury PLC | | | | | 1,609 | | | | | | 4,020 | | |
JD Sports Fashion PLC | | | | | 425 | | | | | | 2,838 | | |
John Wood Group PLC | | | | | 657 | | | | | | 1,679 | | |
Johnson Matthey PLC | | | | | 189 | | | | | | 4,750 | | |
Kingfisher PLC | | | | | 2,107 | | | | | | 4,181 | | |
Land Securities Group PLC | | | | | 710 | | | | | | 5,929 | | |
Legal & General Group PLC | | | | | 5,896 | | | | | | 15,216 | | |
Lloyds Banking Group PLC | | | | | 69,633 | | | | | | 28,317 | | |
London Stock Exchange Group PLC | | | | | 312 | | | | | | 29,342 | | |
M&G PLC | | | | | 2,595 | | | | | | 4,329 | | |
Marks & Spencer Group PLC | | | | | 1,935 | | | | | | 2,248 | | |
Meggitt PLC | | | | | 751 | | | | | | 2,646 | | |
Melrose Industries PLC | | | | | 4,747 | | | | | | 5,974 | | |
Micro Focus International PLC | | | | | 318 | | | | | | 1,932 | | |
Mondi PLC | | | | | 483 | | | | | | 8,590 | | |
National Grid PLC | | | | | 3,464 | | | | | | 40,801 | | |
Next PLC | | | | | 127 | | | | | | 7,571 | | |
Ninety One PLC* | | | | | 322 | | | | | | 689 | | |
Ocado Group PLC* | | | | | 447 | | | | | | 9,047 | | |
Pearson PLC(a) | | | | | 773 | | | | | | 4,483 | | |
Pennon Group PLC | | | | | 416 | | | | | | 5,751 | | |
Persimmon PLC | | | | | 313 | | | | | | 8,705 | | |
Phoenix Group Holdings PLC | | | | | 522 | | | | | | 3,957 | | |
Prudential PLC | | | | | 2,589 | | | | | | 36,853 | | |
Quilter PLC‡ | | | | | 1,847 | | | | | | 2,871 | | |
Reckitt Benckiser Group PLC | | | | | 628 | | | | | | 52,518 | | |
RELX PLC | | | | | 1,872 | | | | | | 42,420 | | |
Renishaw PLC | | | | | 34 | | | | | | 1,511 | | |
Rentokil Initial PLC | | | | | 1,847 | | | | | | 11,050 | | |
Rightmove PLC | | | | | 870 | | | | | | 5,461 | | |
Rolls-Royce Holdings PLC* | | | | | 1,700 | | | | | | 7,076 | | |
Royal Bank of Scotland Group PLC | | | | | 4,523 | | | | | | 6,307 | | |
RSA Insurance Group PLC | | | | | 1,025 | | | | | | 4,670 | | |
Sage Group PLC (The) | | | | | 1,074 | | | | | | 8,670 | | |
Schroders PLC | | | | | 111 | | | | | | 3,716 | | |
Segro PLC | | | | | 1,088 | | | | | | 11,385 | | |
Severn Trent PLC | | | | | 235 | | | | | | 7,084 | | |
Smith & Nephew PLC | | | | | 872 | | | | | | 17,136 | | |
Smiths Group PLC | | | | | 394 | | | | | | 6,165 | | |
Spirax-Sarco Engineering PLC | | | | | 73 | | | | | | 8,037 | | |
SSE PLC | | | | | 1,031 | | | | | | 16,256 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | | | ||||||||||
St James’s Place PLC | | | | | 521 | | | | | $ | 5,595 | | |
Standard Chartered PLC | | | | | 2,622 | | | | | | 13,477 | | |
Standard Life Aberdeen PLC(a) | | | | | 2,308 | | | | | | 6,437 | | |
Subsea 7 SA* | | | | | 227 | | | | | | 1,262 | | |
Tate & Lyle PLC | | | | | 463 | | | | | | 4,159 | | |
Taylor Wimpey PLC | | | | | 3,242 | | | | | | 6,013 | | |
TechnipFMC PLC | | | | | 459 | | | | | | 4,014 | | |
Tesco PLC | | | | | 9,634 | | | | | | 28,569 | | |
Travis Perkins PLC | | | | | 245 | | | | | | 3,212 | | |
Unilever NV | | | | | 1,369 | | | | | | 68,346 | | |
Unilever PLC | | | | | 1,085 | | | | | | 56,139 | | |
United Utilities Group PLC | | | | | 674 | | | | | | 7,670 | | |
Virgin Money UK PLC* | | | | | 1,224 | | | | | | 1,175 | | |
Vodafone Group PLC | | | | | 26,734 | | | | | | 37,815 | | |
Weir Group PLC (The) | | | | | 257 | | | | | | 3,094 | | |
Whitbread PLC(a) | | | | | 133 | | | | | | 4,999 | | |
Wm Morrison Supermarkets PLC(a) | | | | | 2,197 | | | | | | 5,071 | | |
WPP PLC | | | | | 1,206 | | | | | | 9,450 | | |
Total United Kingdom | | | | | | | | | | | 1,667,299 | | |
United States — 0.4% | | | | | | | | | | | | | |
Carnival PLC | | | | | 152 | | | | | | 2,100 | | |
Ferguson PLC | | | | | 226 | | | | | | 16,351 | | |
QIAGEN NV* | | | | | 220 | | | | | | 9,157 | | |
Total United States | | | | | | | | | | | 27,608 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $9,971,821) | | | | | | | | | | | 7,624,808 | | |
Preferred Stocks — 0.8% | | | | | | | | | | | | | |
Germany — 0.8% | | | | | | | | | | | | | |
Bayerische Motoren Werke AG, 8.45% | | | | | 55 | | | | | | 2,604 | | |
FUCHS PETROLUB SE, 2.79% | | | | | 69 | | | | | | 2,680 | | |
Henkel AG & Co. KGaA, 2.32% | | | | | 174 | | | | | | 15,445 | | |
Porsche Automobil Holding SE, 5.02% | | | | | 153 | | | | | | 7,714 | | |
Sartorius AG | | | | | 34 | | | | | | 9,563 | | |
Volkswagen AG, 3.94% | | | | | 183 | | | | | | 25,700 | | |
Total Germany | | | | | | | | | | | 63,706 | | |
Total Preferred Stocks | | | | | | | | | | | | | |
(Cost $84,648) | | | | | | | | | | | 63,706 | | |
Short-Term Investment — 4.8% | | | | | | | | | | | | | |
Money Market Fund — 4.8% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(e)(f) | | | | | | | | | | | | | |
(Cost $371,799) | | | | | 371,799 | | | | | | 371,799 | | |
Total Investments — 105.0% | | | | | | | | | | | | | |
(Cost $10,428,268) | | | | | | | | | | | 8,060,313 | | |
Other Assets and Liabilities, Net — (5.0)% | | | | | | | | | | | (385,735) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 7,674,578 | | |
|
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 586,271 | | | | | $ | 607,397 | | | | | $ | 607,508 | | | | | $ | 111 | | |
Danish Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 851,556 | | | | | | 125,021 | | | | | | 125,043 | | | | | | 22 | | |
Euro | | | | | 05/04/20 | | | | Morgan Stanely | | | | | 1,606,215 | | | | | | 1,759,172 | | | | | | 1,759,428 | | | | | | 256 | | |
British Pound | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 734,587 | | | | | | 926,525 | | | | | | 926,586 | | | | | | 61 | | |
Norwegian Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 356,026 | | | | | | 34,835 | | | | | | 34,839 | | | | | | 4 | | |
Polish Zloty | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 64,684 | | | | | | 15,618 | | | | | | 15,619 | | | | | | 1 | | |
Swedish Krona | | | | | 05/04/20 | | | | Morgan Stanley | | | | | 1,629,892 | | | | | | 166,858 | | | | | | 166,880 | | | | | | 22 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | 3,635,426 | | | | | $ | 3,635,903 | | | | | $ | 477 | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (638) | | | | | $ | (662) | | | | | $ | (661) | | | | | $ | 1 | | |
Danish Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (851,049) | | | | | | (125,248) | | | | | | (124,968) | | | | | | 280 | | |
Euro | | | | | 05/04/20 | | | | Morgan Stanely | | | | | (1,606,215) | | | | | | (1,764,429) | | | | | | (1,759,428) | | | | | | 5,001 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | (1,890,339) | | | | | $ | (1,885,057) | | | | | $ | 5,282 | | |
Total Unrealized Appreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 5,759 | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Swiss Franc | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (585,633) | | | | | $ | (606,149) | | | | | $ | (606,846) | | | | | $ | (697) | | |
Swiss Franc | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (614,723) | | | | | | (637,326) | | | | | | (637,546) | | | | | | (220) | | |
Danish Krone | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (934,911) | | | | | | (137,330) | | | | | | (137,367) | | | | | | (37) | | |
Euro | | | | | 06/04/20 | | | | Morgan Stanely | | | | | (1,717,560) | | | | | | (1,882,032) | | | | | | (1,882,592) | | | | | | (560) | | |
British Pound | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (734,587) | | | | | | (911,404) | | | | | | (926,587) | | | | | | (15,183) | | |
British Pound | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (770,662) | | | | | | (972,105) | | | | | | (972,215) | | | | | | (110) | | |
Norwegian Krone | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (356,026) | | | | | | (33,912) | | | | | | (34,839) | | | | | | (927) | | |
Norwegian Krone | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (382,332) | | | | | | (37,412) | | | | | | (37,419) | | | | | | (7) | | |
Polish Zloty | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (64,684) | | | | | | (15,568) | | | | | | (15,619) | | | | | | (51) | | |
Polish Zloty | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (70,039) | | | | | | (16,905) | | | | | | (16,908) | | | | | | (3) | | |
Swedish Krona | | | | | 05/04/20 | | | | Morgan Stanley | | | | | (1,629,892) | | | | | | (164,611) | | | | | | (166,880) | | | | | | (2,269) | | |
Swedish Krona | | | | | 06/04/20 | | | | Morgan Stanley | | | | | (1,733,032) | | | | | | (177,458) | | | | | | (177,493) | | | | | | (35) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | (5,592,212) | | | | | $ | (5,612,311) | | | | | $ | (20,099) | | |
Total Unrealized Depreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (20,099) | | |
Net Unrealized Appreciation (Depreciation) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (14,340) | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(g) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | 85,934 | | | | | $ | — | | | | | $ | — | | | | | $ | 85,934 | | |
Austria | | | | | 22,427 | | | | | | — | | | | | | — | | | | | | 22,427 | | |
Belgium | | | | | 117,478 | | | | | | — | | | | | | — | | | | | | 117,478 | | |
Chile | | | | | 3,517 | | | | | | — | | | | | | — | | | | | | 3,517 | | |
China | | | | | 32,810 | | | | | | — | | | | | | — | | | | | | 32,810 | | |
Denmark | | | | | 273,534 | | | | | | — | | | | | | — | | | | | | 273,534 | | |
Finland | | | | | 155,062 | | | | | | — | | | | | | — | | | | | | 155,062 | | |
France | | | | | 1,225,147 | | | | | | — | | | | | | — | | | | | | 1,225,147 | | |
Germany | | | | | 1,005,542 | | | | | | — | | | | | | — | | | | | | 1,005,542 | | |
Ireland | | | | | 70,380 | | | | | | — | | | | | | — | | | | | | 70,380 | | |
Italy | | | | | 262,674 | | | | | | — | | | | | | — | | | | | | 262,674 | | |
Jordan | | | | | 4,185 | | | | | | — | | | | | | — | | | | | | 4,185 | | |
Kazakhstan | | | | | 1,187 | | | | | | — | | | | | | — | | | | | | 1,187 | | |
Luxembourg | | | | | 19,476 | | | | | | — | | | | | | — | | | | | | 19,476 | | |
Mexico | | | | | 1,607 | | | | | | — | | | | | | — | | | | | | 1,607 | | |
Netherlands | | | | | 527,368 | | | | | | — | | | | | | — | | | | | | 527,368 | | |
Norway | | | | | 71,746 | | | | | | — | | | | | | — | | | | | | 71,746 | | |
Poland | | | | | 33,901 | | | | | | — | | | | | | — | | | | | | 33,901 | | |
Portugal | | | | | 20,630 | | | | | | — | | | | | | — | | | | | | 20,630 | | |
Russia | | | | | 8,691 | | | | | | — | | | | | | — | | | | | | 8,691 | | |
South Africa | | | | | 23,377 | | | | | | — | | | | | | — | | | | | | 23,377 | | |
Spain | | | | | 303,770 | | | | | | — | | | | | | — | | | | | | 303,770 | | |
Sweden | | | | | 354,868 | | | | | | — | | | | | | — | | | | | | 354,868 | | |
Switzerland | | | | | 1,304,590 | | | | | | — | | | | | | — | | | | | | 1,304,590 | | |
United Arab Emirates | | | | | — | | | | | | — | | | | | | –(h) | | | | | | — | | |
United Kingdom | | | | | 1,667,299 | | | | | | — | | | | | | — | | | | | | 1,667,299 | | |
United States | | | | | 27,608 | | | | | | — | | | | | | — | | | | | | 27,608 | | |
Total Common Stocks | | | | | 7,624,808 | | | | | | — | | | | | | — | | | | | | 7,624,808 | | |
Preferred Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Germany | | | | | 63,706 | | | | | | — | | | | | | — | | | | | | 63,706 | | |
Short-Term Investment: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Fund | | | | | 371,799 | | | | | | — | | | | | | — | | | | | | 371,799 | | |
Total Investments in Securities | | | | | 8,060,313 | | | | | | — | | | | | | — | | | | | | 8,060,313 | | |
Other Financial Instruments:(i) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 5,759 | | | | | | — | | | | | | 5,759 | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 8,060,313 | | | | | $ | 5,759 | | | | | $ | — | | | | | $ | 8,066,072 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(i) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | 20,099 | | | | | $ | — | | | | | $ | 20,099 | | |
Investments in Securities | | | Balance as of April 30, 2019 | | | Accrued Discounts/ (Premiums) | | | Realized Gain/ (Loss) | | | Change in Unrealized Appreciation/ (Depreciation) | | | Purchases | | | Sales | | | Transfers into Level 3 | | | Transfers out of Level 3 | | | Balance as of April 30, 2020 | | | Change in Unrealized Appreciation/ (Depreciation) from Investments Still Held at April 30, 2020(j) | | ||||||||||||||||||||||||||||||
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Rolls-Royce Holdings PLC — Entitlement Shares (k) | | | | $ | 150 | | | | | $ | — | | | | | $ | (3) | | | | | $ | (1) | | | | | $ | 100 | | | | | $ | (246) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
NMC Health PLC (k) | | | | | — | | | | | | — | | | | | | — | | | | | | (3,642) | | | | | | 589 | | | | | | — | | | | | | 3,053 | | | | | | — | | | | | | —(l) | | | | | | (3,642) | | |
Total | | | | $ | 150 | | | | | $ | — | | | | | $ | (3) | | | | | $ | (3,643) | | | | | $ | 689 | | | | | $ | (246) | | | | | $ | 3,053 | | | | | $ | — | | | | | $ | — | | | | | $ | (3,642) | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.7% | | ||||||||||||
Communication Services — 8.8% | | ||||||||||||
Capcom Co., Ltd. | | | | | 202 | | | | | $ | 6,224 | | |
CyberAgent, Inc. | | | | | 217 | | | | | | 9,213 | | |
Daiichikosho Co., Ltd. | | | | | 90 | | | | | | 2,744 | | |
DeNA Co., Ltd. | | | | | 226 | | | | | | 2,800 | | |
Dentsu Group, Inc. | | | | | 483 | | | | | | 10,289 | | |
Fuji Media Holdings, Inc. | | | | | 97 | | | | | | 978 | | |
GungHo Online Entertainment, Inc. | | | | | 81 | | | | | | 1,269 | | |
Hakuhodo DY Holdings, Inc. | | | | | 533 | | | | | | 5,991 | | |
Kakaku.com, Inc. | | | | | 291 | | | | | | 5,987 | | |
KDDI Corp. | | | | | 3,813 | | | | | | 110,858 | | |
Koei Tecmo Holdings Co., Ltd. | | | | | 129 | | | | | | 3,439 | | |
Konami Holdings Corp. | | | | | 210 | | | | | | 6,687 | | |
LINE Corp.* | | | | | 116 | | | | | | 5,717 | | |
Nexon Co., Ltd. | | | | | 905 | | | | | | 14,760 | | |
Nintendo Co., Ltd. | | | | | 238 | | | | | | 99,375 | | |
Nippon Telegraph & Telephone Corp. | | | | | 2,705 | | | | | | 61,798 | | |
Nippon Television Holdings, Inc. | | | | | 56 | | | | | | 632 | | |
NTT DOCOMO, Inc. | | | | | 2,562 | | | | | | 75,421 | | |
Shochiku Co., Ltd. | | | | | 22 | | | | | | 2,421 | | |
SKY Perfect JSAT Holdings, Inc. | | | | | 265 | | | | | | 1,009 | | |
Softbank Corp. | | | | | 3,580 | | | | | | 49,012 | | |
SoftBank Group Corp. | | | | | 3,612 | | | | | | 156,491 | | |
Square Enix Holdings Co., Ltd.(a) | | | | | 176 | | | | | | 7,250 | | |
Toho Co., Ltd. | | | | | 257 | | | | | | 8,508 | | |
Tokyo Broadcasting System Holdings, Inc. | | | | | 74 | | | | | | 1,165 | | |
TV Asahi Holdings Corp. | | | | | 48 | | | | | | 722 | | |
Z Holdings Corp. | | | | | 5,781 | | | | | | 22,652 | | |
Total Communication Services | | | | | | | | | | | 673,412 | | |
Consumer Discretionary — 17.8% | | ||||||||||||
ABC-Mart, Inc. | | | | | 57 | | | | | | 2,937 | | |
Aisin Seiki Co., Ltd. | | | | | 388 | | | | | | 11,302 | | |
Asics Corp. | | | | | 380 | | | | | | 3,671 | | |
ASKUL Corp. | | | | | 41 | | | | | | 1,173 | | |
Autobacs Seven Co., Ltd. | | | | | 130 | | | | | | 1,540 | | |
Bandai Namco Holdings, Inc. | | | | | 433 | | | | | | 21,991 | | |
Benesse Holdings, Inc. | | | | | 160 | | | | | | 4,593 | | |
Bic Camera, Inc. | | | | | 323 | | | | | | 3,033 | | |
Bridgestone Corp. | | | | | 1,286 | | | | | | 40,624 | | |
Casio Computer Co., Ltd. | | | | | 477 | | | | | | 7,628 | | |
Denso Corp. | | | | | 1,014 | | | | | | 36,147 | | |
Fast Retailing Co., Ltd.(a) | | | | | 114 | | | | | | 54,903 | | |
Fujitsu General Ltd. | | | | | 121 | | | | | | 2,031 | | |
Goldwin, Inc. | | | | | 80 | | | | | | 4,362 | | |
H2O Retailing Corp. | | | | | 185 | | | | | | 1,469 | | |
Haseko Corp. | | | | | 622 | | | | | | 6,875 | | |
Heiwa Corp. | | | | | 120 | | | | | | 2,043 | | |
Hikari Tsushin, Inc. | | | | | 49 | | | | | | 9,618 | | |
HIS Co., Ltd. | | | | | 66 | | | | | | 889 | | |
Honda Motor Co., Ltd. | | | | | 3,843 | | | | | | 93,815 | | |
Iida Group Holdings Co., Ltd.(a) | | | | | 316 | | | | | | 4,252 | | |
Isetan Mitsukoshi Holdings Ltd. | | | | | 784 | | | | | | 4,824 | | |
Isuzu Motors Ltd. | | | | | 1,146 | | | | | | 8,840 | | |
Izumi Co., Ltd. | | | | | 88 | | | | | | 2,617 | | |
J Front Retailing Co., Ltd. | | | | | 556 | | | | | | 4,622 | | |
JTEKT Corp. | | | | | 500 | | | | | | 3,722 | | |
Koito Manufacturing Co., Ltd. | | | | | 258 | | | | | | 9,868 | | |
K’s Holdings Corp. | | | | | 404 | | | | | | 4,466 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
Kyoritsu Maintenance Co., Ltd. | | | | | 55 | | | | | $ | 1,357 | | |
Marui Group Co., Ltd. | | | | | 461 | | | | | | 7,639 | | |
Mazda Motor Corp. | | | | | 1,283 | | | | | | 7,343 | | |
Mitsubishi Motors Corp. | | | | | 1,380 | | | | | | 3,936 | | |
NGK Spark Plug Co., Ltd. | | | | | 436 | | | | | | 6,613 | | |
NHK Spring Co., Ltd. | | | | | 355 | | | | | | 2,367 | | |
Nifco, Inc. | | | | | 187 | | | | | | 3,664 | | |
Nikon Corp. | | | | | 757 | | | | | | 7,129 | | |
Nissan Motor Co., Ltd. | | | | | 4,341 | | | | | | 15,012 | | |
Nissan Shatai Co., Ltd. | | | | | 144 | | | | | | 1,174 | | |
Nitori Holdings Co., Ltd. | | | | | 165 | | | | | | 25,490 | | |
NOK Corp. | | | | | 249 | | | | | | 2,927 | | |
Oriental Land Co., Ltd. | | | | | 420 | | | | | | 53,730 | | |
PALTAC Corp. | | | | | 72 | | | | | | 3,797 | | |
Pan Pacific International Holdings Corp. | | | | | 1,131 | | | | | | 22,020 | | |
Panasonic Corp. | | | | | 4,752 | | | | | | 36,742 | | |
Rakuten, Inc. | | | | | 1,776 | | | | | | 15,213 | | |
Resorttrust, Inc. | | | | | 145 | | | | | | 1,513 | | |
Rinnai Corp. | | | | | 81 | | | | | | 6,189 | | |
Ryohin Keikaku Co., Ltd. | | | | | 531 | | | | | | 6,416 | | |
Sankyo Co., Ltd. | | | | | 98 | | | | | | 2,722 | | |
Sanrio Co., Ltd. | | | | | 130 | | | | | | 1,957 | | |
Sega Sammy Holdings, Inc. | | | | | 444 | | | | | | 5,443 | | |
Sekisui Chemical Co., Ltd. | | | | | 782 | | | | | | 10,019 | | |
Sekisui House Ltd. | | | | | 1,286 | | | | | | 22,350 | | |
Sharp Corp.*(a) | | | | | 339 | | | | | | 3,801 | | |
Shimamura Co., Ltd. | | | | | 49 | | | | | | 3,116 | | |
Shimano, Inc. | | | | | 174 | | | | | | 25,774 | | |
Skylark Holdings Co., Ltd. | | | | | 428 | | | | | | 6,412 | | |
Sony Corp. | | | | | 2,739 | | | | | | 177,554 | | |
Stanley Electric Co., Ltd. | | | | | 330 | | | | | | 7,638 | | |
Subaru Corp. | | | | | 1,363 | | | | | | 27,723 | | |
Sumitomo Electric Industries Ltd. | | | | | 1,673 | | | | | | 17,421 | | |
Sumitomo Forestry Co., Ltd. | | | | | 300 | | | | | | 3,782 | | |
Sumitomo Rubber Industries Ltd. | | | | | 404 | | | | | | 3,978 | | |
Sushiro Global Holdings Ltd. | | | | | 228 | | | | | | 3,576 | | |
Suzuki Motor Corp. | | | | | 1,005 | | | | | | 32,602 | | |
Takashimaya Co., Ltd.(a) | | | | | 315 | | | | | | 2,878 | | |
Tokai Rika Co., Ltd. | | | | | 106 | | | | | | 1,373 | | |
Toyo Tire Corp. | | | | | 219 | | | | | | 2,636 | | |
Toyoda Gosei Co., Ltd. | | | | | 162 | | | | | | 3,051 | | |
Toyota Boshoku Corp. | | | | | 137 | | | | | | 1,724 | | |
Toyota Industries Corp. | | | | | 356 | | | | | | 18,077 | | |
Toyota Motor Corp. | | | | | 5,485 | | | | | | 341,918 | | |
TS Tech Co., Ltd. | | | | | 114 | | | | | | 3,107 | | |
USS Co., Ltd. | | | | | 475 | | | | | | 7,596 | | |
Wacoal Holdings Corp. | | | | | 128 | | | | | | 2,615 | | |
Yamada Denki Co., Ltd. | | | | | 1,759 | | | | | | 8,422 | | |
Yamaha Corp. | | | | | 355 | | | | | | 14,541 | | |
Yamaha Motor Co., Ltd. | | | | | 629 | | | | | | 8,253 | | |
Yokohama Rubber Co., Ltd. (The) | | | | | 227 | | | | | | 2,953 | | |
Zensho Holdings Co., Ltd.(a) | | | | | 218 | | | | | | 4,355 | | |
ZOZO, Inc. | | | | | 218 | | | | | | 3,547 | | |
Total Consumer Discretionary | | | | | | | | | | | 1,367,040 | | |
Consumer Staples — 9.0% | | ||||||||||||
Aeon Co., Ltd. | | | | | 1,560 | | | | | | 31,679 | | |
Ain Holdings, Inc. | | | | | 64 | | | | | | 3,609 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Staples (continued) | | ||||||||||||
Ajinomoto Co., Inc. | | | | | 1,098 | | | | | $ | 19,673 | | |
Ariake Japan Co., Ltd. | | | | | 40 | | | | | | 2,334 | | |
Asahi Group Holdings Ltd. | | | | | 847 | | | | | | 29,623 | | |
Calbee, Inc. | | | | | 169 | | | | | | 5,160 | | |
Coca-Cola Bottlers Japan Holdings, Inc.(a) | | | | | 314 | | | | | | 5,711 | | |
Cosmos Pharmaceutical Corp. | | | | | 19 | | | | | | 5,108 | | |
Ezaki Glico Co., Ltd. | | | | | 114 | | | | | | 5,021 | | |
FamilyMart Co., Ltd.(a) | | | | | 517 | | | | | | 8,862 | | |
Fancl Corp. | | | | | 153 | | | | | | 3,714 | | |
Fuji Oil Holdings, Inc. | | | | | 97 | | | | | | 2,280 | | |
House Foods Group, Inc. | | | | | 161 | | | | | | 5,089 | | |
Ito En Ltd. | | | | | 129 | | | | | | 7,214 | | |
Itoham Yonekyu Holdings, Inc. | | | | | 289 | | | | | | 1,692 | | |
Japan Tobacco, Inc. | | | | | 2,640 | | | | | | 49,734 | | |
Kagome Co., Ltd. | | | | | 177 | | | | | | 4,540 | | |
Kao Corp. | | | | | 1,048 | | | | | | 81,500 | | |
Kewpie Corp. | | | | | 242 | | | | | | 4,836 | | |
Kikkoman Corp. | | | | | 406 | | | | | | 18,908 | | |
Kirin Holdings Co., Ltd. | | | | | 1,763 | | | | | | 34,268 | | |
Kobayashi Pharmaceutical Co., Ltd. | | | | | 137 | | | | | | 12,735 | | |
Kobe Bussan Co., Ltd.(a) | | | | | 48 | | | | | | 2,325 | | |
Kose Corp. | | | | | 65 | | | | | | 8,182 | | |
Kotobuki Spirits Co., Ltd. | | | | | 41 | | | | | | 1,635 | | |
Kusuri no Aoki Holdings Co., Ltd. | | | | | 35 | | | | | | 2,753 | | |
Lawson, Inc. | | | | | 106 | | | | | | 5,521 | | |
Lion Corp. | | | | | 566 | | | | | | 11,914 | | |
Maruha Nichiro Corp. | | | | | 80 | | | | | | 1,694 | | |
Matsumotokiyoshi Holdings Co., Ltd. | | | | | 169 | | | | | | 5,863 | | |
Megmilk Snow Brand Co., Ltd. | | | | | 89 | | | | | | 2,043 | | |
MEIJI Holdings Co., Ltd. | | | | | 300 | | | | | | 20,957 | | |
Mitsubishi Shokuhin Co., Ltd. | | | | | 31 | | | | | | 782 | | |
Morinaga & Co., Ltd. | | | | | 89 | | | | | | 3,691 | | |
Morinaga Milk Industry Co., Ltd. | | | | | 89 | | | | | | 3,479 | | |
NH Foods Ltd. | | | | | 225 | | | | | | 8,111 | | |
Nichirei Corp. | | | | | 241 | | | | | | 6,053 | | |
Nisshin Seifun Group, Inc. | | | | | 572 | | | | | | 8,997 | | |
Nissin Foods Holdings Co., Ltd. | | | | | 154 | | | | | | 12,731 | | |
Noevir Holdings Co., Ltd. | | | | | 33 | | | | | | 1,562 | | |
Pigeon Corp. | | | | | 242 | | | | | | 8,679 | | |
Pola Orbis Holdings, Inc. | | | | | 169 | | | | | | 3,031 | | |
Rohto Pharmaceutical Co., Ltd. | | | | | 218 | | | | | | 6,411 | | |
Sapporo Holdings Ltd. | | | | | 138 | | | | | | 2,665 | | |
Seven & i Holdings Co., Ltd. | | | | | 1,719 | | | | | | 57,115 | | |
Shiseido Co., Ltd. | | | | | 865 | | | | | | 51,592 | | |
Sugi Holdings Co., Ltd. | | | | | 80 | | | | | | 4,833 | | |
Sundrug Co., Ltd. | | | | | 145 | | | | | | 5,010 | | |
Suntory Beverage & Food Ltd. | | | | | 282 | | | | | | 10,694 | | |
Takara Holdings, Inc. | | | | | 394 | | | | | | 2,940 | | |
Toyo Suisan Kaisha Ltd. | | | | | 202 | | | | | | 9,747 | | |
Tsuruha Holdings, Inc. | | | | | 81 | | | | | | 10,892 | | |
Unicharm Corp. | | | | | 866 | | | | | | 31,989 | | |
Welcia Holdings Co., Ltd. | | | | | 113 | | | | | | 8,200 | | |
Yakult Honsha Co., Ltd. | | | | | 275 | | | | | | 16,124 | | |
Yamazaki Baking Co., Ltd. | | | | | 283 | | | | | | 5,026 | | |
Yaoko Co., Ltd. | | | | | 48 | | | | | | 2,990 | | |
Total Consumer Staples | | | | | | | | | | | 689,521 | | |
|
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Energy — 0.7% | | ||||||||||||
Cosmo Energy Holdings Co., Ltd. | | | | | 145 | | | | | $ | 2,213 | | |
Idemitsu Kosan Co., Ltd. | | | | | 524 | | | | | | 12,103 | | |
Inpex Corp. | | | | | 2,056 | | | | | | 13,288 | | |
Japan Petroleum Exploration Co., Ltd. | | | | | 65 | | | | | | 1,137 | | |
JXTG Holdings, Inc. | | | | | 6,669 | | | | | | 23,867 | | |
Total Energy | | | | | | | | | | | 52,608 | | |
Financials — 9.5% | | ||||||||||||
77 Bank Ltd. (The) | | | | | 154 | | | | | | 2,081 | | |
Acom Co., Ltd.(a) | | | | | 855 | | | | | | 3,502 | | |
AEON Financial Service Co., Ltd. | | | | | 257 | | | | | | 2,716 | | |
Aozora Bank Ltd. | | | | | 265 | | | | | | 4,790 | | |
Bank of Kyoto Ltd. (The)(a) | | | | | 162 | | | | | | 5,620 | | |
Chiba Bank Ltd. (The) | | | | | 1,372 | | | | | | 6,441 | | |
Chugoku Bank Ltd. (The) | | | | | 380 | | | | | | 3,536 | | |
Concordia Financial Group Ltd. | | | | | 2,502 | | | | | | 7,768 | | |
Credit Saison Co., Ltd. | | | | | 346 | | | | | | 3,996 | | |
Dai-ichi Life Holdings, Inc. | | | | | 2,410 | | | | | | 30,673 | | |
Daishi Hokuetsu Financial Group, Inc. | | | | | 96 | | | | | | 2,106 | | |
Daiwa Securities Group, Inc. | | | | | 3,389 | | | | | | 14,211 | | |
Fukuoka Financial Group, Inc. | | | | | 364 | | | | | | 5,276 | | |
Fuyo General Lease Co., Ltd. | | | | | 42 | | | | | | 2,125 | | |
Gunma Bank Ltd. (The) | | | | | 928 | | | | | | 3,003 | | |
Hachijuni Bank Ltd. (The) | | | | | 993 | | | | | | 3,575 | | |
Hiroshima Bank Ltd. (The) | | | | | 652 | | | | | | 2,738 | | |
Hitachi Capital Corp. | | | | | 90 | | | | | | 1,770 | | |
Hokuhoku Financial Group, Inc. | | | | | 281 | | | | | | 2,307 | | |
Iyo Bank Ltd. (The) | | | | | 598 | | | | | | 3,232 | | |
Japan Exchange Group, Inc. | | | | | 1,193 | | | | | | 22,447 | | |
Japan Post Bank Co., Ltd. | | | | | 919 | | | | | | 8,585 | | |
Japan Post Holdings Co., Ltd. | | | | | 2,949 | | | | | | 23,849 | | |
Japan Post Insurance Co., Ltd. | | | | | 412 | | | | | | 5,325 | | |
Kansai Mirai Financial Group, Inc. | | | | | 404 | | | | | | 1,383 | | |
Kyushu Financial Group, Inc. | | | | | 832 | | | | | | 3,532 | | |
Matsui Securities Co., Ltd. | | | | | 225 | | | | | | 1,662 | | |
Mebuki Financial Group, Inc. | | | | | 2,219 | | | | | | 4,710 | | |
Mitsubishi UFJ Financial Group, Inc. | | | ��� | | 27,823 | | | | | | 112,999 | | |
Mitsubishi UFJ Lease & Finance Co., Ltd. | | | | | 984 | | | | | | 4,776 | | |
Mizuho Financial Group, Inc. | | | | | 56,613 | | | | | | 66,600 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 1,079 | | | | | | 31,502 | | |
Nishi-Nippon Financial Holdings, Inc. | | | | | 338 | | | | | | 1,994 | | |
Nomura Holdings, Inc. | | | | | 6,732 | | | | | | 28,317 | | |
Orient Corp. | | | | | 1,233 | | | | | | 1,430 | | |
ORIX Corp. | | | | | 2,862 | | | | | | 34,499 | | |
Resona Holdings, Inc. | | | | | 4,905 | | | | | | 15,458 | | |
SBI Holdings, Inc. | | | | | 508 | | | | | | 9,648 | | |
Seven Bank Ltd. | | | | | 1,428 | | | | | | 3,899 | | |
Shiga Bank Ltd. (The) | | | | | 106 | | | | | | 2,514 | | |
Shinsei Bank Ltd. | | | | | 427 | | | | | | 5,211 | | |
Shizuoka Bank Ltd. (The) | | | | | 1,128 | | | | | | 6,899 | | |
Sompo Holdings, Inc. | | | | | 758 | | | | | | 24,809 | | |
Sony Financial Holdings, Inc. | | | | | 338 | | | | | | 6,530 | | |
Sumitomo Mitsui Financial Group, Inc. | | | | | 2,894 | | | | | | 76,968 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 813 | | | | | | 24,032 | | |
T&D Holdings, Inc. | | | | | 1,227 | | | | | | 10,774 | | |
Tokio Marine Holdings, Inc. | | | | | 1,468 | | | | | | 69,820 | | |
Tokyo Century Corp. | | | | | 104 | | | | | | 3,584 | | |
Yamaguchi Financial Group, Inc. | | | | | 515 | | | | | | 2,803 | | |
| | | Shares | | | Value | | | ||||||||
Common Stocks (continued) | | | ||||||||||||||
Financials (continued) | | | ||||||||||||||
Zenkoku Hosho Co., Ltd. | | | | | 112 | | | | | $ | 3,315 | | | | ||
Total Financials | | | | | | | | | | | 731,340 | | | | | |
Health Care — 11.0% | | | ||||||||||||||
Alfresa Holdings Corp. | | | | | 394 | | | | | | 7,951 | | | | ||
Asahi Intecc Co., Ltd. | | | | | 420 | | | | | | 11,245 | | | | ||
Astellas Pharma, Inc. | | | | | 4,149 | | | | | | 69,315 | | | | ||
Chugai Pharmaceutical Co., Ltd. | | | | | 483 | | | | | | 57,860 | | | | ||
Daiichi Sankyo Co., Ltd. | | | | | 1,417 | | | | | | 97,819 | | | | ||
Eisai Co., Ltd. | | | | | 589 | | | | | | 41,475 | | | | ||
Hisamitsu Pharmaceutical Co., Inc. | | | | | 160 | | | | | | 7,601 | | | | ||
Hoya Corp. | | | | | 820 | | | | | | 75,655 | | | | ||
JCR Pharmaceuticals Co., Ltd. | | | | | 32 | | | | | | 3,103 | | | | ||
Kaken Pharmaceutical Co., Ltd. | | | | | 74 | | | | | | 4,090 | | | | ||
Kissei Pharmaceutical Co., Ltd. | | | | | 65 | | | | | | 1,556 | | | | ||
Kyowa Kirin Co., Ltd. | | | | | 558 | | | | | | 13,139 | | | | ||
M3, Inc. | | | | | 939 | | | | | | 34,158 | | | | ||
Mani, Inc. | | | | | 136 | | | | | | 3,054 | | | | ||
Medipal Holdings Corp. | | | | | 322 | | | | | | 6,305 | | | | ||
Miraca Holdings, Inc. | | | | | 113 | | | | | | 2,854 | | | | ||
Mochida Pharmaceutical Co., Ltd. | | | | | 57 | | | | | | 2,239 | | | | ||
Nihon Kohden Corp. | | | | | 168 | | | | | | 6,056 | | | | ||
Nippon Shinyaku Co., Ltd. | | | | | 114 | | | | | | 8,070 | | | | ||
Nipro Corp. | | | | | 251 | | | | | | 2,838 | | | | ||
Olympus Corp.* | | | | | 2,353 | | | | | | 37,968 | | | | ||
Ono Pharmaceutical Co., Ltd. | | | | | 952 | | | | | | 23,067 | | | | ||
Otsuka Holdings Co., Ltd. | | | | | 934 | | | | | | 37,164 | | | | ||
PeptiDream, Inc.* | | | | | 193 | | | | | | 7,310 | | | | ||
Santen Pharmaceutical Co., Ltd. | | | | | 799 | | | | | | 14,226 | | | | ||
Sawai Pharmaceutical Co., Ltd. | | | | | 88 | | | | | | 4,839 | | | | ||
Shionogi & Co., Ltd. | | | | | 613 | | | | | | 33,988 | | | | ||
Ship Healthcare Holdings, Inc. | | | | | 89 | | | | | | 4,061 | | | | ||
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 372 | | | | | | 5,211 | | | | ||
Suzuken Co., Ltd. | | | | | 169 | | | | | | 6,574 | | | | ||
Sysmex Corp. | | | | | 422 | | | | | | 29,361 | | | | ||
Taisho Pharmaceutical Holdings Co., Ltd. | | | | | 97 | | | | | | 6,105 | | | | ||
Takara Bio, Inc. | | | | | 104 | | | | | | 2,351 | | | | ||
Takeda Pharmaceutical Co., Ltd. | | | | | 3,394 | | | | | | 123,242 | | | | ||
Terumo Corp. | | | | | 1,460 | | | | | | 48,769 | | | | ||
Tsumura & Co. | | | | | 145 | | | | | | 4,046 | | | | ||
Total Health Care | | | | | | | | | | | 844,665 | | | | ||
Industrials — 20.9% | | | ||||||||||||||
AGC, Inc. | | | | | 412 | | | | | | 10,399 | | | | ||
Aica Kogyo Co., Ltd. | | | | | 120 | | | | | | 3,518 | | | | ||
Amada Co., Ltd. | | | | | 701 | | | | | | 6,444 | | | | ||
ANA Holdings, Inc.* | | | | | 250 | | | | | | 5,379 | | | | ||
Benefit One, Inc. | | | | | 130 | | | | | | 2,317 | | | | ||
Central Japan Railway Co. | | | | | 403 | | | | | | 64,086 | | | | ||
COMSYS Holdings Corp. | | | | | 250 | | | | | | 7,009 | | | | ||
Dai Nippon Printing Co., Ltd. | | | | | 624 | | | | | | 13,363 | | | | ||
Daifuku Co., Ltd. | | | | | 217 | | | | | | 15,280 | | | | ||
Daikin Industries Ltd. | | | | | 591 | | | | | | 77,402 | | | | ||
DMG Mori Co., Ltd. | | | | | 226 | | | | | | 2,359 | | | | ||
East Japan Railway Co. | | | | | 805 | | | | | | 59,267 | | | | ||
Ebara Corp. | | | | | 210 | | | | | | 4,711 | | | | ||
FANUC Corp. | | | | | 428 | | | | | | 71,363 | | | | ||
Fuji Electric Co., Ltd. | | | | | 281 | | | | | | 6,816 | | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Industrials (continued) | | ||||||||||||
Fujikura Ltd. | | | | | 606 | | | | | $ | 1,808 | | |
Fukuyama Transporting Co., Ltd. | | | | | 73 | | | | | | 2,557 | | |
Furukawa Electric Co., Ltd. | | | | | 138 | | | | | | 2,635 | | |
Glory Ltd. | | | | | 114 | | | | | | 2,600 | | |
GS Yuasa Corp. | | | | | 169 | | | | | | 2,442 | | |
Hankyu Hanshin Holdings, Inc. | | | | | 486 | | | | | | 16,816 | | |
Hino Motors Ltd. | | | | | 588 | | | | | | 3,552 | | |
Hitachi Construction Machinery Co., Ltd. | | | | | 241 | | | | | | 5,738 | | |
Hitachi Transport System Ltd. | | | | | 96 | | | | | | 2,371 | | |
Hoshizaki Corp. | | | | | 116 | | | | | | 8,939 | | |
IHI Corp. | | | | | 282 | | | | | | 3,563 | | |
ITOCHU Corp. | | | | | 3,028 | | | | | | 60,172 | | |
Japan Airlines Co., Ltd. | | | | | 258 | | | | | | 4,681 | | |
Japan Airport Terminal Co., Ltd.(a) | | | | | 105 | | | | | | 4,345 | | |
Japan Steel Works Ltd. (The) | | | | | 137 | | | | | | 1,708 | | |
JGC Holdings Corp. | | | | | 475 | | | | | | 4,682 | | |
Kajima Corp. | | | | | 1,016 | | | | | | 10,736 | | |
Kamigumi Co., Ltd. | | | | | 226 | | | | | | 4,022 | | |
Kandenko Co., Ltd. | | | | | 225 | | | | | | 1,904 | | |
Kawasaki Heavy Industries Ltd. | | | | | 324 | | | | | | 4,981 | | |
Kawasaki Kisen Kaisha Ltd.* | | | | | 185 | | | | | | 1,863 | | |
Keihan Holdings Co., Ltd. | | | | | 219 | | | | | | 9,922 | | |
Keikyu Corp. | | | | | 557 | | | | | | 9,230 | | |
Keio Corp. | | | | | 258 | | | | | | 14,717 | | |
Keisei Electric Railway Co., Ltd. | | | | | 314 | | | | | | 9,573 | | |
Kinden Corp. | | | | | 289 | | | | | | 4,721 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 399 | | | | | | 19,253 | | |
Kokuyo Co., Ltd. | | | | | 185 | | | | | | 2,280 | | |
Komatsu Ltd. | | | | | 2,039 | | | | | | 39,327 | | |
Kubota Corp. | | | | | 2,467 | | | | | | 31,075 | | |
Kurita Water Industries Ltd. | | | | | 249 | | | | | | 7,055 | | |
Kyowa Exeo Corp. | | | | | 227 | | | | | | 5,602 | | |
Kyudenko Corp. | | | | | 88 | | | | | | 2,485 | | |
Kyushu Railway Co. | | | | | 355 | | | | | | 9,637 | | |
LIXIL Group Corp. | | | | | 589 | | | | | | 7,204 | | |
Mabuchi Motor Co., Ltd. | | | | | 113 | | | | | | 3,540 | | |
Maeda Corp.(a) | | | | | 297 | | | | | | 2,419 | | |
Maeda Road Construction Co., Ltd. | | | | | 74 | | | | | | 1,387 | | |
Makita Corp. | | | | | 542 | | | | | | 17,841 | | |
Marubeni Corp. | | | | | 3,479 | | | | | | 17,048 | | |
MINEBEA MITSUMI, Inc. | | | | | 936 | | | | | | 15,528 | | |
MISUMI Group, Inc. | | | | | 618 | | | | | | 14,945 | | |
Mitsubishi Corp. | | | | | 2,708 | | | | | | 58,245 | | |
Mitsubishi Electric Corp. | | | | | 4,403 | | | | | | 55,194 | | |
Mitsubishi Heavy Industries Ltd. | | | | | 636 | | | | | | 16,436 | | |
Mitsubishi Logistics Corp. | | | | | 146 | | | | | | 3,266 | | |
Mitsui & Co., Ltd. | | | | | 3,771 | | | | | | 53,390 | | |
Mitsui OSK Lines Ltd. | | | | | 243 | | | | | | 4,302 | | |
Miura Co., Ltd.(a) | | | | | 219 | | | | | | 9,052 | | |
MonotaRO Co., Ltd. | | | | | 265 | | | | | | 8,599 | | |
Nabtesco Corp. | | | | | 265 | | | | | | 7,707 | | |
Nagase & Co., Ltd. | | | | | 241 | | | | | | 2,937 | | |
Nagoya Railroad Co., Ltd.(a) | | | | | 436 | | | | | | 12,619 | | |
Nankai Electric Railway Co., Ltd. | | | | | 242 | | | | | | 5,440 | | |
NGK Insulators Ltd. | | | | | 588 | | | | | | 7,830 | | |
Nidec Corp. | | | | | 1,038 | | | | | | 61,017 | | |
Nihon M&A Center, Inc. | | | | | 289 | | | | | | 9,608 | | |
Nippo Corp. | | | | | 113 | | | | | | 2,565 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Industrials (continued) | | ||||||||||||
Nippon Express Co., Ltd. | | | | | 161 | | | | | $ | 7,965 | | |
Nippon Yusen K.K. | | | | | 362 | | | | | | 4,841 | | |
Nishi-Nippon Railroad Co., Ltd. | | | | | 170 | | | | | | 4,199 | | |
Nisshinbo Holdings, Inc. | | | | | 306 | | | | | | 2,172 | | |
NSK Ltd. | | | | | 977 | | | | | | 6,834 | | |
NTN Corp. | | | | | 944 | | | | | | 1,836 | | |
Obayashi Corp. | | | | | 1,510 | | | | | | 13,443 | | |
Odakyu Electric Railway Co., Ltd. | | | | | 677 | | | | | | 15,023 | | |
OKUMA Corp. | | | | | 65 | | | | | | 2,504 | | |
OSG Corp. | | | | | 170 | | | | | | 2,242 | | |
Park24 Co., Ltd. | | | | | 242 | | | | | | 3,911 | | |
Penta-Ocean Construction Co., Ltd. | | | | | 628 | | | | | | 3,230 | | |
Persol Holdings Co., Ltd. | | | | | 370 | | | | | | 4,363 | | |
Pilot Corp. | | | | | 80 | | | | | | 2,712 | | |
Recruit Holdings Co., Ltd. | | | | | 2,816 | | | | | | 83,794 | | |
Sankyu, Inc. | | | | | 112 | | | | | | 4,367 | | |
Sanwa Holdings Corp. | | | | | 436 | | | | | | 3,449 | | |
Secom Co., Ltd. | | | | | 432 | | | | | | 36,379 | | |
Seibu Holdings, Inc. | | | | | 476 | | | | | | 5,764 | | |
Seino Holdings Co., Ltd. | | | | | 332 | | | | | | 3,999 | | |
SG Holdings Co., Ltd. | | | | | 476 | | | | | | 13,318 | | |
Shimizu Corp. | | | | | 1,242 | | | | | | 9,710 | | |
SHO-BOND Holdings Co., Ltd. | | | | | 104 | | | | | | 4,255 | | |
SMC Corp. | | | | | 128 | | | | | | 58,652 | | |
SMS Co., Ltd. | | | | | 112 | | | | | | 2,477 | | |
Sohgo Security Services Co., Ltd. | | | | | 152 | | | | | | 7,349 | | |
Sojitz Corp. | | | | | 2,775 | | | | | | 6,539 | | |
Sotetsu Holdings, Inc. | | | | | 176 | | | | | | 4,543 | | |
Sumitomo Corp. | | | | | 2,514 | | | | | | 28,882 | | |
Sumitomo Heavy Industries Ltd. | | | | | 250 | | | | | | 5,363 | | |
Tadano Ltd. | | | | | 257 | | | | | | 1,988 | | |
Taisei Corp. | | | | | 451 | | | | | | 14,276 | | |
TechnoPro Holdings, Inc. | | | | | 81 | | | | | | 4,704 | | |
THK Co., Ltd. | | | | | 257 | | | | | | 6,265 | | |
Tobu Railway Co., Ltd. | | | | | 451 | | | | | | 15,457 | | |
Toda Corp. | | | | | 507 | | | | | | 2,987 | | |
Tokyu Corp. | | | | | 1,097 | | | | | | 16,660 | | |
Toppan Printing Co., Ltd. | | | | | 637 | | | | | | 9,603 | | |
Toshiba Corp. | | | | | 983 | | | | | | 24,700 | | |
TOTO Ltd. | | | | | 323 | | | | | | 11,448 | | |
Toyota Tsusho Corp. | | | | | 500 | | | | | | 12,101 | | |
Ushio, Inc. | | | | | 250 | | | | | | 2,675 | | |
West Japan Railway Co. | | | | | 409 | | | | | | 25,500 | | |
Yamato Holdings Co., Ltd. | | | | | 799 | | | | | | 14,107 | | |
Yaskawa Electric Corp. | | | | | 582 | | | | | | 19,403 | | |
Total Industrials | | | | | | | | | | | 1,600,813 | | |
Information Technology — 12.1% | | ||||||||||||
Advantest Corp. | | | | | 444 | | | | | | 21,881 | | |
Alps Alpine Co., Ltd.(a) | | | | | 445 | | | | | | 4,673 | | |
Amano Corp. | | | | | 153 | | | | | | 3,168 | | |
Anritsu Corp. | | | | | 308 | | | | | | 6,308 | | |
Azbil Corp. | | | | | 291 | | | | | | 7,739 | | |
Brother Industries Ltd. | | | | | 532 | | | | | | 9,134 | | |
Canon Marketing Japan, Inc. | | | | | 104 | | | | | | 2,037 | | |
Canon, Inc. | | | | | 2,258 | | | | | | 48,239 | | |
Citizen Watch Co., Ltd. | | | | | 598 | | | | | | 2,142 | | |
Disco Corp. | | | | | 62 | | | | | | 14,118 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
FUJIFILM Holdings Corp. | | | | | 806 | | | | | $ | 38,734 | | |
Fujitsu Ltd. | | | | | 427 | | | | | | 42,067 | | |
GMO internet, Inc. | | | | | 129 | | | | | | 2,846 | | |
GMO Payment Gateway, Inc. | | | | | 89 | | | | | | 8,032 | | |
Hamamatsu Photonics K.K. | | | | | 283 | | | | | | 12,518 | | |
Hirose Electric Co., Ltd. | | | | | 74 | | | | | | 8,214 | | |
Hitachi Ltd. | | | | | 2,061 | | | | | | 62,465 | | |
Horiba Ltd. | | | | | 88 | | | | | | 4,740 | | |
Ibiden Co., Ltd. | | | | | 242 | | | | | | 6,294 | | |
Itochu Techno-Solutions Corp. | | | | | 217 | | | | | | 6,697 | | |
Japan Aviation Electronics Industry Ltd. | | | | | 97 | | | | | | 1,281 | | |
Justsystems Corp. | | | | | 74 | | | | | | 4,567 | | |
Keyence Corp. | | | | | 402 | | | | | | 145,748 | | |
Konica Minolta, Inc. | | | | | 1,016 | | | | | | 4,000 | | |
Kyocera Corp. | | | | | 684 | | | | | | 36,965 | | |
Lasertec Corp. | | | | | 170 | | | | | | 11,462 | | |
Murata Manufacturing Co., Ltd. | | | | | 1,270 | | | | | | 71,484 | | |
NEC Corp. | | | | | 556 | | | | | | 21,656 | | |
NET One Systems Co., Ltd. | | | | | 185 | | | | | | 5,380 | | |
Nihon Unisys Ltd. | | | | | 145 | | | | | | 4,264 | | |
Nippon Electric Glass Co., Ltd. | | | | | 177 | | | | | | 2,623 | | |
Nomura Research Institute Ltd. | | | | | 581 | | | | | | 14,311 | | |
NS Solutions Corp. | | | | | 72 | | | | | | 1,816 | | |
NTT Data Corp. | | | | | 1,413 | | | | | | 14,601 | | |
OBIC Business Consultants Co., Ltd. | | | | | 33 | | | | | | 1,487 | | |
Obic Co., Ltd. | | | | | 149 | | | | | | 22,600 | | |
Omron Corp. | | | | | 421 | | | | | | 25,039 | | |
Oracle Corp. Japan | | | | | 73 | | | | | | 7,591 | | |
Otsuka Corp. | | | | | 228 | | | | | | 10,330 | | |
Renesas Electronics Corp.* | | | | | 1,580 | | | | | | 8,570 | | |
Ricoh Co., Ltd. | | | | | 1,526 | | | | | | 10,560 | | |
Rohm Co., Ltd. | | | | | 188 | | | | | | 12,060 | | |
SCREEN Holdings Co., Ltd. | | | | | 88 | | | | | | 4,329 | | |
SCSK Corp. | | | | | 96 | | | | | | 4,363 | | |
Seiko Epson Corp. | | | | | 606 | | | | | | 6,953 | | |
Shimadzu Corp. | | | | | 597 | | | | | | 14,990 | | |
SUMCO Corp. | | | | | 525 | | | | | | 7,610 | | |
Taiyo Yuden Co., Ltd.(a) | | | | | 281 | | | | | | 7,962 | | |
TDK Corp. | | | | | 267 | | | | | | 23,420 | | |
TIS, Inc. | | | | | 534 | | | | | | 10,357 | | |
Tokyo Electron Ltd. | | | | | 332 | | | | | | 71,222 | | |
Topcon Corp. | | | | | 234 | | | | | | 1,954 | | |
Toshiba TEC Corp. | | | | | 56 | | | | | | 1,843 | | |
Trend Micro, Inc. | | | | | 259 | | | | | | 13,249 | | |
Ulvac, Inc. | | | | | 106 | | | | | | 2,974 | | |
Yokogawa Electric Corp. | | | | | 540 | | | | | | 7,474 | | |
Total Information Technology | | | | | | | | | | | 929,141 | | |
Materials — 5.6% | | ||||||||||||
Air Water, Inc. | | | | | 403 | | | | | | 5,487 | | |
Asahi Kasei Corp. | | | | | 2,768 | | | | | | 19,802 | | |
Daicel Corp. | | | | | 606 | | | | | | 4,964 | | |
Daido Steel Co., Ltd. | | | | | 74 | | | | | | 2,488 | | |
Denka Co., Ltd. | | | | | 193 | | | | | | 4,691 | | |
DIC Corp. | | | | | 185 | | | | | | 4,367 | | |
Dowa Holdings Co., Ltd. | | | | | 104 | | | | | | 2,927 | | |
FP Corp. | | | | | 51 | | | | | | 3,868 | | |
Fuji Seal International, Inc. | | | | | 90 | | | | | | 1,582 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials (continued) | | ||||||||||||
Hitachi Chemical Co., Ltd. | | | | | 58 | | | | | $ | 2,498 | | |
Hitachi Metals Ltd. | | | | | 436 | | | | | | 4,306 | | |
JFE Holdings, Inc. | | | | | 1,154 | | | | | | 7,813 | | |
JSR Corp. | | | | | 404 | | | | | | 7,707 | | |
Kaneka Corp. | | | | | 128 | | | | | | 3,340 | | |
Kansai Paint Co., Ltd. | | | | | 435 | | | | | | 8,384 | | |
Kobe Steel Ltd.* | | | | | 661 | | | | | | 2,256 | | |
Kuraray Co., Ltd. | | | | | 774 | | | | | | 7,853 | | |
Lintec Corp. | | | | | 112 | | | | | | 2,426 | | |
Maruichi Steel Tube Ltd. | | | | | 138 | | | | | | 3,140 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 2,831 | | | | | | 16,345 | | |
Mitsubishi Gas Chemical Co., Inc. | | | | | 404 | | | | | | 5,021 | | |
Mitsubishi Materials Corp. | | | | | 282 | | | | | | 5,844 | | |
Mitsui Chemicals, Inc. | | | | | 388 | | | | | | 7,714 | | |
Mitsui Mining & Smelting Co., Ltd. | | | | | 121 | | | | | | 2,320 | | |
Nippon Kayaku Co., Ltd. | | | | | 378 | | | | | | 3,701 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 343 | | | | | | 19,919 | | |
Nippon Paper Industries Co., Ltd. | | | | | 209 | | | | | | 3,027 | | |
Nippon Shokubai Co., Ltd. | | | | | 72 | | | | | | 3,447 | | |
Nippon Steel Corp. | | | | | 1,815 | | | | | | 15,478 | | |
Nissan Chemical Corp. | | | | | 300 | | | | | | 11,614 | | |
Nitto Denko Corp. | | | | | 348 | | | | | | 17,606 | | |
NOF Corp. | | | | | 152 | | | | | | 5,089 | | |
Oji Holdings Corp. | | | | | 1,978 | | | | | | 10,173 | | |
Rengo Co., Ltd. | | | | | 460 | | | | | | 3,648 | | |
Shin-Etsu Chemical Co., Ltd. | | | | | 888 | | | | | | 99,774 | | |
Showa Denko K.K. | | | | | 323 | | | | | | 7,174 | | |
Sumitomo Bakelite Co., Ltd. | | | | | 66 | | | | | | 1,739 | | |
Sumitomo Chemical Co., Ltd. | | | | | 3,395 | | | | | | 10,604 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 532 | | | | | | 13,524 | | |
Sumitomo Osaka Cement Co., Ltd. | | | | | 74 | | | | | | 2,453 | | |
Taiheiyo Cement Corp. | | | | | 267 | | | | | | 5,338 | | |
Taiyo Nippon Sanso Corp. | | | | | 322 | | | | | | 5,065 | | |
Teijin Ltd. | | | | | 418 | | | | | | 6,743 | | |
Tokai Carbon Co., Ltd.(a) | | | | | 437 | | | | | | 3,666 | | |
Tokuyama Corp. | | | | | 152 | | | | | | 3,269 | | |
Toray Industries, Inc. | | | | | 3,406 | | | | | | 15,897 | | |
Tosoh Corp. | | | | | 638 | | | | | | 7,929 | | |
Toyo Seikan Group Holdings Ltd. | | | | | 332 | | | | | | 3,418 | | |
Toyobo Co., Ltd. | | | | | 194 | | | | | | 2,300 | | |
Ube Industries Ltd. | | | | | 219 | | | | | | 3,733 | | |
Yamato Kogyo Co., Ltd. | | | | | 74 | | | | | | 1,485 | | |
Zeon Corp. | | | | | 315 | | | | | | 2,810 | | |
Total Materials | | | | | | | | | | | 427,766 | | |
Real Estate — 2.5% | | ||||||||||||
Aeon Mall Co., Ltd. | | | | | 259 | | | | | | 3,308 | | |
Daito Trust Construction Co., Ltd. | | | | | 145 | | | | | | 13,987 | | |
Daiwa House Industry Co., Ltd. | | | | | 1,447 | | | | | | 37,313 | | |
Hulic Co., Ltd. | | | | | 800 | | | | | | 8,020 | | |
Ichigo, Inc. | | | | | 444 | | | | | | 1,167 | | |
Mitsubishi Estate Co., Ltd. | | | | | 2,560 | | | | | | 42,194 | | |
Mitsui Fudosan Co., Ltd. | | | | | 2,095 | | | | | | 39,144 | | |
Nomura Real Estate Holdings, Inc. | | | | | 251 | | | | | | 4,159 | | |
Open House Co., Ltd. | | | | | 130 | | | | | | 2,887 | | |
Relo Group, Inc. | | | | | 233 | | | | | | 5,127 | | |
Sumitomo Realty & Development Co., Ltd. | | | | | 878 | | | | | | 23,922 | | |
Tokyo Tatemono Co., Ltd. | | | | | 436 | | | | | | 5,011 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Real Estate (continued) | | ||||||||||||
Tokyu Fudosan Holdings Corp. | | | | | 1,363 | | | | | $ | 6,819 | | |
Total Real Estate | | | | | | | | | | | 193,058 | | |
Utilities — 1.8% | | | | | | | | | | | | | |
Chubu Electric Power Co., Inc. | | | | | 1,554 | | | | | | 21,195 | | |
Chugoku Electric Power Co., Inc. (The) | | | | | 646 | | | | | | 8,735 | | |
Electric Power Development Co., Ltd. | | | | | 371 | | | | | | 7,494 | | |
Hokuriku Electric Power Co. | | | | | 371 | | | | | | 2,519 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 1,616 | | | | | | 16,699 | | |
Kyushu Electric Power Co., Inc. | | | | | 1,041 | | | | | | 8,304 | | |
Osaka Gas Co., Ltd. | | | | | 887 | | | | | | 16,581 | | |
Shikoku Electric Power Co., Inc. | | | | | 332 | | | | | | 2,583 | | |
Toho Gas Co., Ltd. | | | | | 202 | | | | | | 9,936 | | |
Tohoku Electric Power Co., Inc. | | | | | 1,058 | | | | | | 10,023 | | |
Tokyo Electric Power Co., Holdings, Inc.* | | | | | 3,501 | | | | | | 11,884 | | |
Tokyo Gas Co., Ltd. | | | | | 942 | | | | | | 20,772 | | |
Total Utilities | | | | | | | | | | | 136,725 | | |
Total Common Stocks (Cost $8,135,982) | | | | | | | | | | | 7,646,089 | | |
Short-Term Investment — 1.1% | | ||||||||||||
Money Market Fund — 1.1% | | ||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) (Cost $84,985) | | | | | 84,985 | | | | | | 84,985 | | |
Total Investments — 100.8% (Cost $8,220,967) | | | | | | | | | | | 7,731,074 | | |
Other Assets and Liabilities, Net — (0.8)% | | | | | | | | | | | (63,939) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 7,667,135 | | |
|
Purchased Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Purchased | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized Appreciation | | |||||||||||||||
Japanese Yen | | | | | 05/01/20 | | | | Bank of America | | | | | 393,489,862 | | | | | $ | 3,679,608 | | | | | $ | 3,679,711 | | | | | $ | 103 | | |
Unrealized Appreciation | | | | | | | | | | | | | | | | | | | $ | 3,679,608 | | | | | $ | 3,679,711 | | | | | $ | 103 | | |
Total Unrealized Appreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 103 | | |
|
Sold Contracts | | | Settlement Date | | | Counterparty | | | Currency Amount Sold | | | Value at Settlement Date | | | Value at April 30, 2020 | | | Unrealized (Depreciation) | | |||||||||||||||
Japanese Yen | | | | | 05/01/20 | | | | Bank of America | | | | | (393,489,862) | | | | | $ | (3,649,033) | | | | | $ | (3,679,711) | | | | | $ | (30,678) | | |
Japanese Yen | | | | | 06/04/20 | | | | Bank of America | | | | | (408,950,074) | | | | | | (3,825,610) | | | | | | (3,826,208) | | | | | | (598) | | |
Unrealized Depreciation | | | | | | | | | | | | | | | | | | | $ | (7,474,643) | | | | | $ | (7,505,919) | | | | | $ | (31,276) | | |
Total Unrealized Depreciation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (31,276) | | |
Net Unrealized Appreciation (Depreciation) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | (31,173) | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 7,646,089 | | | | | $ | — | | | | | $ | — | | | | | $ | 7,646,089 | | |
Short-Term Investment: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Fund | | | | | 84,985 | | | | | | — | | | | | | — | | | | | | 84,985 | | |
Total Investments in Securities | | | | | 7,731,074 | | | | | | — | | | | | | — | | | | | | 7,731,074 | | |
Other Financial Instruments:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | | — | | | | | | 103 | | | | | | — | | | | | | 103 | | |
Total Investments in Securities and Other Financial Instruments | | | | $ | 7,731,074 | | | | | $ | 103 | | | | | $ | — | | | | | $ | 7,731,177 | | |
Liability Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Other Financial Instruments:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Forward Foreign Currency Contracts | | | | $ | — | | | | | $ | 31,276 | | | | | $ | — | | | | | $ | 31,276 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.5% | | ||||||||||||
Australia — 7.8% | | ||||||||||||
Alumina Ltd. | | | | | 13,326 | | | | | $ | 15,137 | | |
AMP Ltd.* | | | | | 17,946 | | | | | | 16,801 | | |
APA Group | | | | | 6,160 | | | | | | 44,040 | | |
ASX Ltd. | | | | | 1,009 | | | | | | 53,871 | | |
Australia & New Zealand Banking Group Ltd. | | | | | 13,850 | | | | | | 153,242 | | |
BHP Group Ltd. | | | | | 15,392 | | | | | | 325,996 | | |
BHP Group PLC | | | | | 10,735 | | | | | | 180,929 | | |
BlueScope Steel Ltd. | | | | | 2,637 | | | | | | 17,696 | | |
Boral Ltd. | | | | | 6,114 | | | | | | 12,089 | | |
Brambles Ltd. | | | | | 8,088 | | | | | | 58,671 | | |
Caltex Australia Ltd. | | | | | 1,234 | | | | | | 20,133 | | |
Coca-Cola Amatil Ltd. | | | | | 2,599 | | | | | | 14,770 | | |
Cochlear Ltd. | | | | | 306 | | | | | | 36,962 | | |
Computershare Ltd. | | | | | 2,464 | | | | | | 19,649 | | |
CSL Ltd. | | | | | 2,373 | | | | | | 480,747 | | |
Dexus | | | | | 5,717 | | | | | | 34,285 | | |
Fortescue Metals Group Ltd. | | | | | 7,828 | | | | | | 61,295 | | |
Goodman Group | | | | | 9,457 | | | | | | 81,418 | | |
GPT Group (The) | | | | | 10,163 | | | | | | 28,145 | | |
Insurance Australia Group Ltd. | | | | | 12,092 | | | | | | 45,758 | | |
Lendlease Group | | | | | 2,945 | | | | | | 23,831 | | |
Macquarie Group Ltd. | | | | | 1,844 | | | | | | 123,938 | | |
Mirvac Group | | | | | 20,537 | | | | | | 30,118 | | |
National Australia Bank Ltd. | | | | | 15,394 | | | | | | 170,931 | | |
Newcrest Mining Ltd. | | | | | 4,006 | | | | | | 72,230 | | |
Orica Ltd. | | | | | 1,850 | | | | | | 21,705 | | |
QBE Insurance Group Ltd. | | | | | 6,814 | | | | | | 37,696 | | |
Ramsay Health Care Ltd. | | | | | 833 | | | | | | 34,145 | | |
REA Group Ltd. | | | | | 306 | | | | | | 17,836 | | |
Rio Tinto Ltd. | | | | | 1,932 | | | | | | 110,690 | | |
Rio Tinto PLC | | | | | 5,585 | | | | | | 259,560 | | |
Santos Ltd. | | | | | 9,763 | | | | | | 31,576 | | |
Sonic Healthcare Ltd. | | | | | 2,423 | | | | | | 43,133 | | |
Stockland | | | | | 12,442 | | | | | | 23,460 | | |
Suncorp Group Ltd. | | | | | 6,595 | | | | | | 39,680 | | |
Telstra Corp. Ltd. | | | | | 61,965 | | | | | | 123,734 | | |
Transurban Group | | | | | 14,251 | | | | | | 128,756 | | |
Treasury Wine Estates Ltd. | | | | | 3,742 | | | | | | 24,866 | | |
Vicinity Centres | | | | | 15,175 | | | | | | 14,803 | | |
Wesfarmers Ltd. | | | | | 5,846 | | | | | | 144,254 | | |
Westpac Banking Corp. | | | | | 18,868 | | | | | | 201,105 | | |
Woodside Petroleum Ltd. | | | | | 4,924 | | | | | | 72,373 | | |
Woolworths Group Ltd. | | | | | 6,594 | | | | | | 154,336 | | |
Total Australia | | | | | | | | | | | 3,606,390 | | |
Austria — 0.2% | | ||||||||||||
ANDRITZ AG* | | | | | 356 | | | | | | 11,698 | | |
OMV AG | | | | | 1,185 | | | | | | 38,808 | | |
Raiffeisen Bank International AG | | | | | 705 | | | | | | 12,146 | | |
Telekom Austria AG* | | | | | 706 | | | | | | 4,964 | | |
Verbund AG | | | | | 351 | | | | | | 15,901 | | |
voestalpine AG | | | | | 576 | | | | | | 11,921 | | |
Total Austria | | | | | | | | | | | 95,438 | | |
Belgium — 0.6% | | ||||||||||||
Ackermans & van Haaren NV | | | | | 129 | | | | | | 17,082 | | |
KBC Group NV | | | | | 1,454 | | | | | | 78,482 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Belgium (continued) | | ||||||||||||
Sofina SA | | | | | 86 | | | | | $ | 20,252 | | |
Solvay SA | | | | | 393 | | | | | | 30,666 | | |
Telenet Group Holding NV | | | | | 219 | | | | | | 9,134 | | |
UCB SA* | | | | | 619 | | | | | | 56,639 | | |
Umicore SA | | | | | 1,012 | | | | | | 43,684 | | |
Total Belgium | | | | | | | | | | | 255,939 | | |
Chile — 0.0%(a) | | ||||||||||||
Antofagasta PLC | | | | | 1,805 | | | | | | 18,510 | | |
China — 0.9% | | ||||||||||||
Alibaba Health Information Technology Ltd.* | | | | | 20,410 | | | | | | 49,391 | | |
China Gas Holdings Ltd. | | | | | 10,773 | | | | | | 39,813 | | |
CSPC Pharmaceutical Group Ltd. | | | | | 25,072 | | | | | | 49,806 | | |
Fosun International Ltd. | | | | | 12,670 | | | | | | 16,049 | | |
Geely Automobile Holdings Ltd. | | | | | 26,701 | | | | | | 41,744 | | |
Haier Electronics Group Co. Ltd. | | | | | 6,248 | | | | | | 17,207 | | |
Prosus NV* | | | | | 2,070 | | | | | | 156,850 | | |
Shimao Property Holdings Ltd. | | | | | 5,231 | | | | | | 21,120 | | |
Sun Art Retail Group Ltd. | | | | | 8,970 | | | | | | 14,949 | | |
Total China | | | | | | | | | | | 406,929 | | |
Colombia — 0.0%(a) | | ||||||||||||
Millicom International Cellular SA | | | | | 528 | | | | | | 13,893 | | |
Denmark — 2.8% | | ||||||||||||
AP Moller — Maersk A/S, Class A | | | | | 16 | | | | | | 14,765 | | |
AP Moller — Maersk A/S, Class B | | | | | 33 | | | | | | 32,803 | | |
Carlsberg A/S, Class B | | | | | 528 | | | | | | 66,564 | | |
Chr Hansen Holding A/S | | | | | 524 | | | | | | 45,147 | | |
Coloplast A/S, Class B(b) | | | | | 656 | | | | | | 103,736 | | |
Danske Bank A/S* | | | | | 3,346 | | | | | | 39,696 | | |
DSV PANALPINA A/S | | | | | 1,189 | | | | | | 122,660 | | |
Genmab A/S* | | | | | 336 | | | | | | 80,785 | | |
Novo Nordisk A/S, Class B | | | | | 8,752 | | | | | | 558,096 | | |
Novozymes A/S, Class B(b) | | | | | 1,096 | | | | | | 53,684 | | |
Orsted A/S‡ | | | | | 881 | | | | | | 89,049 | | |
Vestas Wind Systems A/S | | | | | 1,012 | | | | | | 87,104 | | |
Total Denmark | | | | | | | | | | | 1,294,089 | | |
Finland — 1.4% | | ||||||||||||
Elisa OYJ | | | | | 747 | | | | | | 45,360 | | |
Huhtamaki OYJ* | | | | | 444 | | | | | | 16,593 | | |
Kone OYJ, Class B | | | | | 1,846 | | | | | | 111,853 | | |
Metso OYJ | | | | | 658 | | | | | | 18,256 | | |
Neste OYJ | | | | | 2,066 | | | | | | 73,159 | | |
Nokia OYJ | | | | | 29,288 | | | | | | 106,631 | | |
Nordea Bank Abp* | | | | | 15,964 | | | | | | 102,237 | | |
Orion OYJ, Class B* | | | | | 438 | | | | | | 22,250 | | |
Sampo OYJ, Class A* | | | | | 2,334 | | | | | | 77,306 | | |
Stora Enso OYJ, Class R* | | | | | 2,902 | | | | | | 34,329 | | |
Wartsila OYJ Abp | | | | | 2,768 | | | | | | 20,325 | | |
Total Finland | | | | | | | | | | | 628,299 | | |
France — 10.8% | | ||||||||||||
Accor SA | | | | | 925 | | | | | | 25,653 | | |
Air Liquide SA(b) | | | | | 2,465 | | | | | | 313,460 | | |
Amundi SA‡ | | | | | 349 | | | | | | 23,165 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
France (continued) | | ||||||||||||
AXA SA | | | | | 11,743 | | | | | $ | 208,315 | | |
BNP Paribas SA | | | | | 5,978 | | | | | | 187,755 | | |
Bouygues SA* | | | | | 1,579 | | | | | | 48,616 | | |
Capgemini SE | | | | | 837 | | | | | | 78,604 | | |
Carrefour SA | | | | | 2,951 | | | | | | 43,619 | | |
Cie de Saint-Gobain | | | | | 2,729 | | | | | | 72,365 | | |
Cie Generale des Etablissements Michelin | | | | | 883 | | | | | | 86,173 | | |
CNP Assurances* | | | | | 789 | | | | | | 8,145 | | |
Credit Agricole SA | | | | | 6,640 | | | | | | 52,960 | | |
Danone SA | | | | | 3,259 | | | | | | 225,812 | | |
Dassault Systemes SE | | | | | 702 | | | | | | 102,687 | | |
Engie SA | | | | | 9,500 | | | | | | 103,055 | | |
EssilorLuxottica SA | | | | | 1,497 | | | | | | 184,708 | | |
Kering SA | | | | | 390 | | | | | | 196,582 | | |
Klepierre SA | | | | | 1,147 | | | | | | 23,185 | | |
Legrand SA | | | | | 1,366 | | | | | | 92,045 | | |
L’Oreal SA* | | | | | 1,258 | | | | | | 365,553 | | |
LVMH Moet Hennessy Louis Vuitton SE | | | | | 1,366 | | | | | | 527,329 | | |
Natixis SA | | | | | 4,839 | | | | | | 11,454 | | |
Orange SA | | | | | 10,688 | | | | | | 130,353 | | |
Pernod Ricard SA | | | | | 883 | | | | | | 134,531 | | |
Peugeot SA | | | | | 2,945 | | | | | | 42,175 | | |
Publicis Groupe SA | | | | | 1,103 | | | | | | 32,776 | | |
Renault SA | | | | | 1,011 | | | | | | 20,050 | | |
Sanofi | | | | | 5,582 | | | | | | 545,304 | | |
Schneider Electric SE*(b) | | | | | 2,819 | | | | | | 257,695 | | |
Societe Generale SA | | | | | 4,094 | | | | | | 63,944 | | |
Sodexo SA | | | | | 439 | | | | | | 34,861 | | |
TOTAL SA | | | | | 13,369 | | | | | | 481,025 | | |
Unibail-Rodamco-Westfield | | | | | 708 | | | | | | 41,658 | | |
Vinci SA | | | | | 2,946 | | | | | | 241,038 | | |
Total France | | | | | | | | | | | 5,006,650 | | |
Germany — 8.5% | | ||||||||||||
adidas AG | | | | | 965 | | | | | | 221,117 | | |
Allianz SE | | | | | 2,176 | | | | | | 402,504 | | |
BASF SE | | | | | 4,797 | | | | | | 245,290 | | |
Bayerische Motoren Werke AG | | | | | 1,671 | | | | | | 98,925 | | |
Beiersdorf AG | | | | | 525 | | | | | | 54,962 | | |
Commerzbank AG | | | | | 5,193 | | | | | | 19,191 | | |
Continental AG* | | | | | 570 | | | | | | 48,198 | | |
Covestro AG‡* | | | | | 881 | | | | | | 29,605 | | |
Daimler AG | | | | | 4,138 | | | | | | 142,928 | | |
Deutsche Bank AG | | | | | 9,277 | | | | | | 68,872 | | |
Deutsche Boerse AG | | | | | 928 | | | | | | 144,080 | | |
Deutsche Lufthansa AG(b) | | | | | 2,506 | | | | | | 22,392 | | |
Deutsche Post AG | | | | | 5,145 | | | | | | 152,999 | | |
Deutsche Telekom AG* | | | | | 16,976 | | | | | | 247,763 | | |
Deutsche Wohnen SE | | | | | 1,889 | | | | | | 76,554 | | |
Fresenius Medical Care AG & Co. KGaA | | | | | 1,100 | | | | | | 86,338 | | |
Fresenius SE & Co. KGaA | | | | | 2,154 | | | | | | 93,498 | | |
Hannover Rueck SE | | | | | 309 | | | | | | 49,244 | | |
Henkel AG & Co. KGaA* | | | | | 528 | | | | | | 41,118 | | |
Infineon Technologies AG | | | | | 6,550 | | | | | | 121,603 | | |
Knorr-Bremse AG | | | | | 261 | | | | | | 24,259 | | |
Merck KGaA* | | | | | 663 | | | | | | 77,048 | | |
Muenchener Rueckversicherungs-Gesellschaft AG | | | | | 749 | | | | | | 164,732 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Germany (continued) | | ||||||||||||
SAP SE | | | | | 5,275 | | | | | $ | 629,423 | | |
Siemens AG | | | | | 4,222 | | | | | | 391,590 | | |
Symrise AG | | | | | 661 | | | | | | 66,839 | | |
Talanx AG | | | | | 267 | | | | | | 9,528 | | |
Vonovia SE | | | | | 2,855 | | | | | | 140,875 | | |
Zalando SE‡* | | | | | 788 | | | | | | 38,399 | | |
Total Germany | | | | | | | | | | | 3,909,874 | | |
Hong Kong — 3.2% | | ||||||||||||
AIA Group Ltd. | | | | | 63,207 | | | | | | 586,628 | | |
ASM Pacific Technology Ltd. | | | | | 1,585 | | | | | | 16,111 | | |
Bank of East Asia Ltd. (The) | | | | | 7,127 | | | | | | 15,114 | | |
Cathay Pacific Airways Ltd.(b) | | | | | 3,082 | | | | | | 3,653 | | |
CK Infrastructure Holdings Ltd. | | | | | 3,169 | | | | | | 18,886 | | |
Hang Lung Properties Ltd. | | | | | 9,680 | | | | | | 20,753 | | |
Hang Seng Bank Ltd. | | | | | 3,784 | | | | | | 66,627 | | |
Henderson Land Development Co., Ltd. | | | | | 6,864 | | | | | | 28,067 | | |
HKT Trust & HKT Ltd. | | | | | 17,812 | | | | | | 28,628 | | |
Hong Kong & China Gas Co., Ltd. | | | | | 51,509 | | | | | | 92,090 | | |
Hong Kong Exchanges and Clearing Ltd. | | | | | 6,202 | | | | | | 201,604 | | |
Kerry Properties Ltd. | | | | | 3,078 | | | | | | 8,457 | | |
Link REIT | | | | | 10,907 | | | | | | 97,922 | | |
MTR Corp. Ltd. | | | | | 7,960 | | | | | | 44,203 | | |
NWS Holdings Ltd. | | | | | 7,304 | | | | | | 7,613 | | |
Sino Biopharmaceutical Ltd. | | | | | 32,988 | | | | | | 48,254 | | |
Sun Hung Kai Properties Ltd. | | | | | 7,566 | | | | | | 103,842 | | |
Swire Pacific Ltd., Class A | | | | | 2,593 | | | | | | 17,025 | | |
Swire Pacific Ltd., Class B | | | | | 4,571 | | | | | | 5,000 | | |
Swire Properties Ltd. | | | | | 5,501 | | | | | | 15,434 | | |
WH Group Ltd.‡ | | | | | 46,894 | | | | | | 45,247 | | |
Total Hong Kong | | | | | | | | | | | 1,471,158 | | |
Ireland — 0.4% | | ||||||||||||
CRH PLC | | | | | 4,133 | | | | | | 125,116 | | |
Kingspan Group PLC | | | | | 744 | | | | | | 37,893 | | |
Smurfit Kappa Group PLC | | | | | 1,232 | | | | | | 38,974 | | |
Total Ireland | | | | | | | | | | | 201,983 | | |
Israel — 0.4% | | ||||||||||||
Bank Hapoalim BM | | | | | 5,853 | | | | | | 37,908 | | |
Bank Leumi Le-Israel BM | | | | | 7,692 | | | | | | 41,863 | | |
Check Point Software Technologies Ltd.* | | | | | 661 | | | | | | 69,894 | | |
Israel Chemicals Ltd. | | | | | 3,609 | | | | | | 12,654 | | |
Mizrahi Tefahot Bank Ltd. | | | | | 965 | | | | | | 19,946 | | |
Total Israel | | | | | | | | | | | 182,265 | | |
Italy — 2.2% | | ||||||||||||
Assicurazioni Generali SpA | | | | | 6,205 | | | | | | 88,454 | | |
Banca Mediolanum SpA | | | | | 1,407 | | | | | | 8,584 | | |
DiaSorin SpA | | | | | 128 | | | | | | 21,773 | | |
Enel SpA | | | | | 40,678 | | | | | | 277,843 | | |
Eni SpA | | | | | 13,110 | | | | | | 125,128 | | |
FinecoBank Banca Fineco SpA* | | | | | 3,171 | | | | | | 35,218 | | |
Infrastrutture Wireless Italiane SpA‡ | | | | | 1,271 | | | | | | 13,441 | | |
Intesa Sanpaolo SpA | | | | | 81,409 | | | | | | 126,885 | | |
Moncler SpA | | | | | 1,054 | | | | | | 39,597 | | |
Nexi SpA‡* | | | | | 1,317 | | | | | | 19,943 | | |
Poste Italiane SpA‡ | | | | | 2,459 | | | | | | 20,879 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Italy (continued) | | ||||||||||||
Prysmian SpA | | | | | 1,320 | | | | | $ | 24,824 | | |
Snam SpA | | | | | 10,376 | | | | | | 46,459 | | |
Telecom Italia SpA*(b) | | | | | 51,848 | | | | | | 20,535 | | |
Telecom Italia SpA-RSP | | | | | 31,572 | | | | | | 12,567 | | |
Terna Rete Elettrica Nazionale SpA | | | | | 7,387 | | | | | | 46,280 | | |
UniCredit SpA* | | | | | 11,697 | | | | | | 90,054 | | |
Total Italy | | | | | | | | | | | 1,018,464 | | |
Japan — 24.0% | | ||||||||||||
Advantest Corp. | | | | | 1,016 | | | | | | 50,071 | | |
Aeon Co., Ltd. | | | | | 3,690 | | | | | | 74,932 | | |
AEON Financial Service Co., Ltd. | | | | | 531 | | | | | | 5,611 | | |
AGC, Inc. | | | | | 971 | | | | | | 24,508 | | |
Air Water, Inc. | | | | | 1,007 | | | | | | 13,711 | | |
Aisin Seiki Co., Ltd. | | | | | 837 | | | | | | 24,382 | | |
Ajinomoto Co., Inc. | | | | | 2,817 | | | | | | 50,473 | | |
Asics Corp. | | | | | 920 | | | | | | 8,887 | | |
Astellas Pharma, Inc. | | | | | 9,721 | | | | | | 162,403 | | |
Benesse Holdings, Inc. | | | | | 356 | | | | | | 10,220 | | |
Bridgestone Corp. | | | | | 2,951 | | | | | | 93,220 | | |
Brother Industries Ltd. | | | | | 1,276 | | | | | | 21,908 | | |
Canon, Inc. | | | | | 5,450 | | | | | | 116,431 | | |
Casio Computer Co., Ltd. | | | | | 1,140 | | | | | | 18,230 | | |
Central Japan Railway Co. | | | | | 882 | | | | | | 140,257 | | |
Chugai Pharmaceutical Co., Ltd. | | | | | 1,099 | | | | | | 131,652 | | |
Daiichi Sankyo Co., Ltd. | | | | | 3,253 | | | | | | 224,563 | | |
Daikin Industries Ltd. | | | | | 1,361 | | | | | | 178,247 | | |
Daito Trust Construction Co., Ltd. | | | | | 348 | | | | | | 33,568 | | |
Daiwa House Industry Co., Ltd. | | | | | 3,168 | | | | | | 81,692 | | |
Daiwa House REIT Investment Corp. | | | | | 10 | | | | | | 24,361 | | |
Daiwa Securities Group, Inc. | | | | | 7,606 | | | | | | 31,893 | | |
DeNA Co., Ltd. | | | | | 487 | | | | | | 6,034 | | |
Denso Corp. | | | | | 2,291 | | | | | | 81,669 | | |
East Japan Railway Co. | | | | | 1,802 | | | | | | 132,671 | | |
Eisai Co., Ltd. | | | | | 1,409 | | | | | | 99,217 | | |
FANUC Corp. | | | | | 1,009 | | | | | | 168,237 | | |
Fast Retailing Co., Ltd. | | | | | 285 | | | | | | 137,256 | | |
Fuji Electric Co., Ltd. | | | | | 662 | | | | | | 16,059 | | |
FUJIFILM Holdings Corp. | | | | | 2,024 | | | | | | 97,268 | | |
Fujitsu Ltd. | | | | | 1,008 | | | | | | 99,306 | | |
Hakuhodo DY Holdings, Inc. | | | | | 1,143 | | | | | | 12,848 | | |
Hino Motors Ltd. | | | | | 1,363 | | | | | | 8,234 | | |
Hitachi Ltd. | | | | | 4,926 | | | | | | 149,298 | | |
Hitachi Metals Ltd. | | | | | 1,053 | | | | | | 10,399 | | |
Honda Motor Co., Ltd. | | | | | 8,799 | | | | | | 214,801 | | |
Hulic Co., Ltd. | | | | | 2,020 | | | | | | 20,250 | | |
Idemitsu Kosan Co., Ltd. | | | | | 1,144 | | | | | | 26,424 | | |
ITOCHU Corp. | | | | | 7,386 | | | | | | 146,774 | | |
J Front Retailing Co., Ltd. | | | | | 1,316 | | | | | | 10,941 | | |
Japan Exchange Group, Inc. | | | | | 2,774 | | | | | | 52,193 | | |
Japan Retail Fund Investment Corp. | | | | | 14 | | | | | | 15,501 | | |
JFE Holdings, Inc. | | | | | 2,680 | | | | | | 18,145 | | |
JTEKT Corp. | | | | | 1,187 | | | | | | 8,836 | | |
Kansai Electric Power Co., Inc. (The) | | | | | 3,828 | | | | | | 39,556 | | |
Kao Corp. | | | | | 2,462 | | | | | | 191,462 | | |
KDDI Corp. | | | | | 8,359 | | | | | | 243,027 | | |
Keikyu Corp. | | | | | 1,271 | | | | | | 21,062 | | |
Keio Corp. | | | | | 576 | | | | | | 32,857 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Keisei Electric Railway Co., Ltd. | | | | | 789 | | | | | $ | 24,053 | | |
Kikkoman Corp. | | | | | 750 | | | | | | 34,928 | | |
Kintetsu Group Holdings Co., Ltd. | | | | | 964 | | | | | | 46,516 | | |
Kirin Holdings Co., Ltd. | | | | | 4,314 | | | | | | 83,851 | | |
Koito Manufacturing Co., Ltd. | | | | | 613 | | | | | | 23,446 | | |
Komatsu Ltd. | | | | | 4,884 | | | | | | 94,200 | | |
Konica Minolta, Inc. | | | | | 2,547 | | | | | | 10,027 | | |
Kose Corp. | | | | | 172 | | | | | | 21,650 | | |
Kubota Corp. | | | | | 6,109 | | | | | | 76,952 | | |
Kuraray Co., Ltd. | | | | | 1,759 | | | | | | 17,847 | | |
Kyocera Corp. | | | | | 1,714 | | | | | | 92,628 | | |
Kyowa Kirin Co., Ltd. | | | | | 1,316 | | | | | | 30,988 | | |
Lion Corp. | | | | | 1,278 | | | | | | 26,902 | | |
Makita Corp. | | | | | 1,272 | | | | | | 41,871 | | |
Marui Group Co., Ltd. | | | | | 1,015 | | | | | | 16,819 | | |
Mazda Motor Corp. | | | | | 2,991 | | | | | | 17,118 | | |
Mitsubishi Chemical Holdings Corp. | | | | | 7,213 | | | | | | 41,645 | | |
Mitsubishi Estate Co., Ltd. | | | | | 6,285 | | | | | | 103,589 | | |
Mitsubishi UFJ Lease & Finance Co., Ltd. | | | | | 2,682 | | | | | | 13,017 | | |
Mitsui Chemicals, Inc. | | | | | 921 | | | | | | 18,311 | | |
Mitsui OSK Lines Ltd. | | | | | 613 | | | | | | 10,852 | | |
MS&AD Insurance Group Holdings, Inc. | | | | | 2,506 | | | | | | 73,163 | | |
Murata Manufacturing Co., Ltd. | | | | | 3,251 | | | | | | 182,988 | | |
Nabtesco Corp. | | | | | 573 | | | | | | 16,665 | | |
NEC Corp. | | | | | 1,316 | | | | | | 51,257 | | |
NGK Insulators Ltd. | | | | | 1,623 | | | | | | 21,613 | | |
NGK Spark Plug Co., Ltd. | | | | | 1,009 | | | | | | 15,305 | | |
NH Foods Ltd. | | | | | 527 | | | | | | 18,998 | | |
Nidec Corp. | | | | | 2,640 | | | | | | 155,188 | | |
Nikon Corp. | | | | | 1,807 | | | | | | 17,016 | | |
Nintendo Co., Ltd. | | | | | 615 | | | | | | 256,789 | | |
Nippon Paint Holdings Co., Ltd. | | | | | 921 | | | | | | 53,485 | | |
Nippon Prologis REIT, Inc. | | | | | 11 | | | | | | 30,407 | | |
Nippon Telegraph & Telephone Corp. | | | | | 12,358 | | | | | | 282,327 | | |
Nippon Yusen K.K. | | | | | 793 | | | | | | 10,604 | | |
Nissan Motor Co., Ltd. | | | | | 12,267 | | | | | | 42,421 | | |
Nisshin Seifun Group, Inc. | | | | | 1,228 | | | | | | 19,315 | | |
Nitori Holdings Co., Ltd. | | | | | 436 | | | | | | 67,356 | | |
Nitto Denko Corp. | | | | | 795 | | | | | | 40,220 | | |
NOK Corp. | | | | | 480 | | | | | | 5,642 | | |
Nomura Real Estate Holdings, Inc. | | | | | 612 | | | | | | 10,141 | | |
Nomura Research Institute Ltd. | | | | | 1,934 | | | | | | 47,638 | | |
NSK Ltd. | | | | | 2,374 | | | | | | 16,606 | | |
NTT Data Corp. | | | | | 3,296 | | | | | | 34,059 | | |
NTT DOCOMO, Inc. | | | | | 5,845 | | | | | | 172,068 | | |
Obayashi Corp. | | | | | 3,389 | | | | | | 30,171 | | |
Odakyu Electric Railway Co., Ltd. | | | | | 1,760 | | | | | | 39,056 | | |
Oji Holdings Corp. | | | | | 4,706 | | | | | | 24,204 | | |
Omron Corp. | | | | | 1,015 | | | | | | 60,368 | | |
Oracle Corp. Japan | | | | | 175 | | | | | | 18,198 | | |
Oriental Land Co., Ltd. | | | | | 1,052 | | | | | | 134,580 | | |
ORIX Corp. | | | | | 6,643 | | | | | | 80,075 | | |
Otsuka Holdings Co., Ltd. | | | | | 2,071 | | | | | | 82,406 | | |
Pan Pacific International Holdings Corp. | | | | | 2,156 | | | | | | 41,977 | | |
Panasonic Corp. | | | | | 11,526 | | | | | | 89,117 | | |
Pola Orbis Holdings, Inc. | | | | | 440 | | | | | | 7,892 | | |
Rakuten, Inc. | | | | | 4,181 | | | | | | 35,814 | | |
Recruit Holdings Co., Ltd. | | | | | 6,331 | | | | | | 188,388 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
Resona Holdings, Inc. | | | | | 11,746 | | | | | $ | 37,017 | | |
Ricoh Co., Ltd. | | | | | 3,646 | | | | | | 25,231 | | |
Rinnai Corp. | | | | | 178 | | | | | | 13,599 | | |
Rohm Co., Ltd. | | | | | 481 | | | | | | 30,857 | | |
Santen Pharmaceutical Co., Ltd. | | | | | 1,937 | | | | | | 34,489 | | |
SBI Holdings, Inc. | | | | | 1,145 | | | | | | 21,747 | | |
Secom Co., Ltd. | | | | | 1,099 | | | | | | 92,547 | | |
Sekisui Chemical Co., Ltd. | | | | | 2,071 | | | | | | 26,533 | | |
Sekisui House Ltd. | | | | | 3,166 | | | | | | 55,024 | | |
Seven Bank Ltd. | | | | | 3,123 | | | | | | 8,528 | | |
Sharp Corp.* | | | | | 1,057 | | | | | | 11,852 | | |
Shimamura Co., Ltd. | | | | | 131 | | | | | | 8,330 | | |
Shimano, Inc. | | | | | 398 | | | | | | 58,955 | | |
Shimizu Corp. | | | | | 3,035 | | | | | | 23,727 | | |
Shinsei Bank Ltd. | | | | | 1,139 | | | | | | 13,900 | | |
Shionogi & Co., Ltd. | | | | | 1,582 | | | | | | 87,714 | | |
Shiseido Co., Ltd. | | | | | 2,023 | | | | | | 120,659 | | |
Shizuoka Bank Ltd. (The) | | | | | 2,640 | | | | | | 16,146 | | |
SoftBank Group Corp. | | | | | 7,832 | | | | | | 339,324 | | |
Sompo Holdings, Inc. | | | | | 1,755 | | | | | | 57,441 | | |
Sony Corp. | | | | | 6,418 | | | | | | 416,043 | | |
Square Enix Holdings Co., Ltd. | | | | | 442 | | | | | | 18,207 | | |
Stanley Electric Co., Ltd. | | | | | 750 | | | | | | 17,359 | | |
Sumitomo Chemical Co., Ltd. | | | | | 8,310 | | | | | | 25,955 | | |
Sumitomo Dainippon Pharma Co., Ltd. | | | | | 838 | | | | | | 11,739 | | |
Sumitomo Electric Industries Ltd. | | | | | 3,870 | | | | | | 40,298 | | |
Sumitomo Heavy Industries Ltd. | | | | | 612 | | | | | | 13,129 | | |
Sumitomo Metal Mining Co., Ltd. | | | | | 1,233 | | | | | | 31,345 | | |
Sumitomo Mitsui Trust Holdings, Inc. | | | | | 1,626 | | | | | | 48,065 | | |
Sumitomo Rubber Industries Ltd. | | | | | 925 | | | | | | 9,109 | | |
Suntory Beverage & Food Ltd. | | | | | 658 | | | | | | 24,952 | | |
Suzuken Co., Ltd. | | | | | 348 | | | | | | 13,538 | | |
Sysmex Corp. | | | | | 752 | | | | | | 52,320 | | |
Taiheiyo Cement Corp. | | | | | 618 | | | | | | 12,356 | | |
Taisei Corp. | | | | | 1,009 | | | | | | 31,940 | | |
Taiyo Nippon Sanso Corp. | | | | | 836 | | | | | | 13,150 | | |
Takashimaya Co., Ltd. | | | | | 752 | | | | | | 6,871 | | |
Takeda Pharmaceutical Co., Ltd. | | | | | 8,047 | | | | | | 292,201 | | |
TDK Corp. | | | | | 659 | | | | | | 57,805 | | |
Teijin Ltd. | | | | | 928 | | | | | | 14,970 | | |
Terumo Corp. | | | | | 3,693 | | | | | | 123,359 | | |
THK Co., Ltd. | | | | | 618 | | | | | | 15,066 | | |
Tobu Railway Co., Ltd. | | | | | 1,057 | | | | | | 36,227 | | |
Toho Gas Co., Ltd. | | | | | 480 | | | | | | 23,611 | | |
Tokio Marine Holdings, Inc. | | | | | 3,343 | | | | | | 158,998 | | |
Tokyo Electron Ltd. | | | | | 774 | | | | | | 166,041 | | |
Tokyu Corp. | | | | | 3,119 | | | | | | 47,368 | | |
Toppan Printing Co., Ltd. | | | | | 1,406 | | | | | | 21,195 | | |
Toshiba Corp. | | | | | 2,244 | | | | | | 56,386 | | |
TOTO Ltd. | | | | | 794 | | | | | | 28,141 | | |
Toyo Suisan Kaisha Ltd. | | | | | 442 | | | | | | 21,328 | | |
Toyoda Gosei Co., Ltd. | | | | | 353 | | | | | | 6,648 | | |
Toyota Boshoku Corp. | | | | | 268 | | | | | | 3,373 | | |
Toyota Industries Corp. | | | | | 794 | | | | | | 40,318 | | |
Toyota Motor Corp. | | | | | 11,830 | | | | | | 737,446 | | |
Trend Micro, Inc. | | | | | 701 | | | | | | 35,858 | | |
Unicharm Corp. | | | | | 2,069 | | | | | | 76,425 | | |
United Urban Investment Corp. | | | | | 15 | | | | | | 15,262 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Japan (continued) | | ||||||||||||
West Japan Railway Co. | | | | | 926 | | | | | $ | 57,733 | | |
Yakult Honsha Co., Ltd. | | | | | 614 | | | | | | 36,001 | | |
Yamada Denki Co., Ltd. | | | | | 3,257 | | | | | | 15,594 | | |
Yamaha Corp. | | | | | 879 | | | | | | 36,003 | | |
Yamaha Motor Co., Ltd. | | | | | 1,499 | | | | | | 19,667 | | |
Yamato Holdings Co., Ltd. | | | | | 1,802 | | | | | | 31,815 | | |
Yaskawa Electric Corp. | | | | | 1,322 | | | | | | 44,073 | | |
Yokogawa Electric Corp. | | | | | 1,271 | | | | | | 17,591 | | |
Z Holdings Corp. | | | | | 13,589 | | | | | | 53,245 | | |
ZOZO, Inc. | | | | | 524 | | | | | | 8,526 | | |
Total Japan | | | | | | | | | | | 11,070,542 | | |
Mexico — 0.0%(a) | | ||||||||||||
Fresnillo PLC | | | | | 967 | | | | | | 8,682 | | |
Netherlands — 3.5% | | ||||||||||||
ABN AMRO Bank NV‡ | | | | | 2,291 | | | | | | 17,565 | | |
Adyen NV‡* | | | | | 71 | | | | | | 70,083 | | |
Akzo Nobel NV | | | | | 926 | | | | | | 70,186 | | |
ASML Holding NV | | | | | 2,156 | | | | | | 639,131 | | |
Heineken NV | | | | | 971 | | | | | | 82,552 | | |
ING Groep NV | | | | | 20,405 | | | | | | 111,927 | | |
Koninklijke DSM NV | | | | | 921 | | | | | | 112,730 | | |
Koninklijke Philips NV | | | | | 4,703 | | | | | | 204,580 | | |
NN Group NV | | | | | 1,537 | | | | | | 44,461 | | |
NXP Semiconductors NV | | | | | 1,453 | | | | | | 144,675 | | |
Randstad NV | | | | | 575 | | | | | | 23,069 | | |
Wolters Kluwer NV | | | | | 1,406 | | | | | | 103,364 | | |
Total Netherlands | | | | | | | | | | | 1,624,323 | | |
New Zealand — 0.2% | | ||||||||||||
Contact Energy Ltd. | | | | | 3,740 | | | | | | 14,514 | | |
Fletcher Building Ltd. | | | | | 4,311 | | | | | | 9,841 | | |
Mercury NZ Ltd. | | | | | 3,170 | | | | | | 8,928 | | |
Meridian Energy Ltd. | | | | | 6,555 | | | | | | 18,158 | | |
Ryman Healthcare Ltd. | | | | | 2,111 | | | | | | 15,772 | | |
Spark New Zealand Ltd. | | | | | 9,590 | | | | | | 26,269 | | |
Total New Zealand | | | | | | | | | | | 93,482 | | |
Norway — 0.8% | | ||||||||||||
DNB ASA | | | | | 5,413 | | | | | | 65,785 | | |
Equinor ASA | | | | | 5,587 | | | | | | 78,424 | | |
Mowi ASA | | | | | 2,335 | | | | | | 40,099 | | |
Norsk Hydro ASA | | | | | 6,908 | | | | | | 17,690 | | |
Orkla ASA | | | | | 3,873 | | | | | | 35,147 | | |
Storebrand ASA* | | | | | 2,379 | | | | | | 11,965 | | |
Telenor ASA | | | | | 3,340 | | | | | | 51,393 | | |
TGS NOPEC Geophysical Co. ASA | | | | | 614 | | | | | | 9,460 | | |
TOMRA Systems ASA | | | | | 571 | | | | | | 19,019 | | |
Yara International ASA | | | | | 876 | | | | | | 29,941 | | |
Total Norway | | | | | | | | | | | 358,923 | | |
Portugal — 0.2% | | ||||||||||||
EDP — Energias de Portugal SA | | | | | 11,784 | | | | | | 49,692 | | |
Jeronimo Martins SGPS SA | | | | | 1,276 | | | | | | 21,544 | | |
Total Portugal | | | | | | | | | | | 71,236 | | |
Singapore — 1.4% | | ||||||||||||
Ascendas Real Estate Investment Trust | | | | | 15,214 | | | | | | 32,099 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Singapore (continued) | | ||||||||||||
CapitaLand Commercial Trust | | | | | 14,251 | | | | | $ | 16,299 | | |
CapitaLand Ltd.* | | | | | 13,058 | | | | | | 27,921 | | |
CapitaLand Mall Trust | | | | | 12,621 | | | | | | 16,945 | | |
City Developments Ltd. | | | | | 3,076 | | | | | | 17,394 | | |
ComfortDelGro Corp. Ltd. | | | | | 11,303 | | | | | | 13,249 | | |
DBS Group Holdings Ltd. | | | | | 9,365 | | | | | | 132,788 | | |
Jardine Cycle & Carriage Ltd. | | | | | 526 | | | | | | 7,514 | | |
Keppel Corp. Ltd.(b) | | | | | 7,477 | | | | | | 31,763 | | |
Oversea-Chinese Banking Corp. Ltd. | | | | | 19,216 | | | | | | 123,402 | | |
Singapore Exchange Ltd. | | | | | 4,093 | | | | | | 28,058 | | |
Singapore Press Holdings Ltd. | | | | | 8,354 | | | | | | 9,020 | | |
Singapore Telecommunications Ltd. | | | | | 40,503 | | | | | | 81,426 | | |
Suntec Real Estate Investment Trust | | | | | 9,281 | | | | | | 9,230 | | |
United Overseas Bank Ltd. | | | | | 7,435 | | | | | | 107,429 | | |
UOL Group Ltd. | | | | | 2,774 | | | | | | 13,459 | | |
Total Singapore | | | | | | | | | | | 667,996 | | |
South Africa — 0.0%(a) | | ||||||||||||
Investec PLC | | | | | 3,649 | | | | | | 7,546 | | |
Spain — 2.8% | | ||||||||||||
Amadeus IT Group SA | | | | | 2,245 | | | | | | 107,997 | | |
Banco Bilbao Vizcaya Argentaria SA | | | | | 34,787 | | | | | | 113,811 | | |
Banco Santander SA | | | | | 86,109 | | | | | | 192,167 | | |
Cellnex Telecom SA‡* | | | | | 1,536 | | | | | | 80,418 | | |
Ferrovial SA | | | | | 2,373 | | | | | | 59,261 | | |
Iberdrola SA | | | | | 33,245 | | | | | | 332,817 | | |
Industria de Diseno Textil SA | | | | | 5,805 | | | | | | 147,828 | | |
Mapfre SA | | | | | 5,056 | | | | | | 9,254 | | |
Red Electrica Corp. SA | | | | | 2,246 | | | | | | 39,496 | | |
Repsol SA | | | | | 6,769 | | | | | | 61,641 | | |
Siemens Gamesa Renewable Energy SA* | | | | | 1,183 | | | | | | 17,583 | | |
Telefonica SA | | | | | 23,973 | | | | | | 109,757 | | |
Total Spain | | | | | | | | | | | 1,272,030 | | |
Sweden — 3.3% | | ||||||||||||
AAK AB | | | | | 879 | | | | | | 14,440 | | |
Alfa Laval AB* | | | | | 1,538 | | | | | | 28,895 | | |
Assa Abloy AB, B Shares(b) | | | | | 4,796 | | | | | | 86,446 | | |
Atlas Copco AB, A Shares(b) | | | | | 3,252 | | | | | | 112,970 | | |
Atlas Copco AB, B Shares | | | | | 1,975 | | | | | | 61,734 | | |
Boliden AB(b) | | | | | 1,407 | | | | | | 28,854 | | |
Castellum AB | | | | | 1,014 | | | | | | 17,799 | | |
Electrolux AB, Series B | | | | | 1,317 | | | | | | 18,183 | | |
Elekta AB, B Shares | | | | | 1,713 | | | | | | 15,851 | | |
Epiroc AB, A Shares | | | | | 4,269 | | | | | | 42,886 | | |
Epiroc AB, B Shares | | | | | 1,978 | | | | | | 19,607 | | |
Essity AB, B Shares* | | | | | 3,119 | | | | | | 101,389 | | |
Fabege AB | | | | | 1,316 | | | | | | 15,757 | | |
Hennes & Mauritz AB, B Shares(b) | | | | | 4,092 | | | | | | 57,061 | | |
ICA Gruppen AB | | | | | 443 | | | | | | 19,331 | | |
Industrivarden AB, A Shares* | | | | | 790 | | | | | | 16,403 | | |
Industrivarden AB, C Shares* | | | | | 837 | | | | | | 17,327 | | |
Investor AB, A Shares | | | | | 701 | | | | | | 34,881 | | |
Investor AB, B Shares | | | | | 2,376 | | | | | | 119,491 | | |
Kinnevik AB, B Shares | | | | | 1,235 | | | | | | 25,542 | | |
Nibe Industrier AB, B Shares | | | | | 2,201 | | | | | | 41,205 | | |
Sandvik AB* | | | | | 5,626 | | | | | | 87,150 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Sweden (continued) | | ||||||||||||
Securitas AB, B Shares | | | | | 1,624 | | | | | $ | 19,196 | | |
Skandinaviska Enskilda Banken AB, A Shares* | | | | | 7,825 | | | | | | 64,364 | | |
Skanska AB, B Shares* | | | | | 2,020 | | | | | | 38,705 | | |
SKF AB, B Shares | | | | | 2,158 | | | | | | 34,368 | | |
SSAB AB, A Shares*(b) | | | | | 1,101 | | | | | | 2,693 | | |
SSAB AB, B Shares*(b) | | | | | 3,075 | | | | | | 7,235 | | |
Svenska Cellulosa AB SCA, B Shares* | | | | | 3,164 | | | | | | 34,095 | | |
Swedbank AB, A Shares* | | | | | 5,630 | | | | | | 66,496 | | |
Tele2 AB, B Shares | | | | | 2,331 | | | | | | 30,214 | | |
Telefonaktiebolaget LM Ericsson, B Shares | | | | | 15,434 | | | | | | 134,474 | | |
Volvo AB, A Shares* | | | | | 1,100 | | | | | | 14,145 | | |
Volvo AB, B Shares* | | | | | 7,741 | | | | | | 99,980 | | |
Total Sweden | | | | | | | | | | | 1,529,167 | | |
Switzerland — 10.2% | | ||||||||||||
ABB Ltd. | | | | | 9,897 | | | | | | 187,911 | | |
Alcon, Inc.* | | | | | 2,420 | | | | | | 127,726 | | |
Cie Financiere Richemont SA | | | | | 2,687 | | | | | | 152,620 | | |
Credit Suisse Group AG* | | | | | 12,623 | | | | | | 114,126 | | |
Geberit AG | | | | | 178 | | | | | | 79,876 | | |
Givaudan SA | | | | | 41 | | | | | | 137,339 | | |
Kuehne + Nagel International AG | | | | | 304 | | | | | | 43,483 | | |
Nestle SA | | | | | 15,088 | | | | | | 1,592,983 | | |
Roche Holding AG | | | | | 133 | | | | | | 46,274 | | |
Roche Holding AG | | | | | 3,672 | | | | | | 1,276,250 | | |
Schindler Holding AG — Participating Certificate | | | | | 218 | | | | | | 48,450 | | |
Schindler Holding AG — Registered | | | | | 91 | | | | | | 19,517 | | |
SGS SA | | | | | 26 | | | | | | 58,861 | | |
Sika AG | | | | | 703 | | | | | | 116,323 | | |
STMicroelectronics NV | | | | | 3,338 | | | | | | 86,686 | | |
Swiss Re AG | | | | | 1,491 | | | | | | 107,613 | | |
Swisscom AG | | | | | 132 | | | | | | 68,629 | | |
UBS Group AG* | | | | | 18,913 | | | | | | 202,622 | | |
Zurich Insurance Group AG | | | | | 750 | | | | | | 238,797 | | |
Total Switzerland | | | | | | | | | | | 4,706,086 | | |
United Kingdom — 13.7% | | ||||||||||||
3i Group PLC | | | | | 5,015 | | | | | | 49,593 | | |
Admiral Group PLC | | | | | 1,188 | | | | | | 34,915 | | |
Ashtead Group PLC | | | | | 2,374 | | | | | | 65,129 | | |
Associated British Foods PLC | | | | | 2,024 | | | | | | 48,315 | | |
AstraZeneca PLC | | | | | 6,597 | | | | | | 692,484 | | |
Auto Trader Group PLC‡ | | | | | 4,708 | | | | | | 27,240 | | |
AVEVA Group PLC | | | | | 311 | | | | | | 14,004 | | |
Aviva PLC | | | | | 20,536 | | | | | | 62,634 | | |
Barratt Developments PLC | | | | | 5,321 | | | | | | 34,833 | | |
Berkeley Group Holdings PLC | | | | | 617 | | | | | | 32,554 | | |
British Land Co. PLC (The) | | | | | 4,840 | | | | | | 24,701 | | |
BT Group PLC | | | | | 45,433 | | | | | | 66,505 | | |
Bunzl PLC | | | | | 1,760 | | | | | | 38,350 | | |
Burberry Group PLC | | | | | 2,114 | | | | | | 37,064 | | |
Coca-Cola European Partners PLC | | | | | 972 | | | | | | 38,530 | | |
Compass Group PLC | | | | | 8,311 | | | | | | 140,054 | | |
Croda International PLC | | | | | 662 | | | | | | 40,765 | | |
Diageo PLC | | | | | 12,229 | | | | | | 424,189 | | |
DS Smith PLC | | | | | 6,813 | | | | | | 26,803 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
United Kingdom (continued) | | ||||||||||||
easyJet PLC | | | | | 1,366 | | | | | $ | 10,393 | | |
Experian PLC | | | | | 4,748 | | | | | | 142,296 | | |
GlaxoSmithKline PLC | | | | | 26,122 | | | | | | 547,283 | | |
Halma PLC | | | | | 1,979 | | | | | | 52,171 | | |
HSBC Holdings PLC | | | | | 106,298 | | | | | | 549,724 | | |
Informa PLC | | | | | 6,553 | | | | | | 36,303 | | |
InterContinental Hotels Group PLC | | | | | 882 | | | | | | 40,139 | | |
Intertek Group PLC | | | | | 837 | | | | | | 50,148 | | |
ITV PLC | | | | | 18,954 | | | | | | 18,289 | | |
J Sainsbury PLC | | | | | 11,569 | | | | | | 28,908 | | |
Johnson Matthey PLC | | | | | 1,012 | | | | | | 25,434 | | |
Kingfisher PLC | | | | | 11,040 | | | | | | 21,905 | | |
Land Securities Group PLC | | | | | 3,646 | | | | | | 30,445 | | |
Legal & General Group PLC | | | | | 31,222 | | | | | | 80,575 | | |
Liberty Global PLC, Class A*(b) | | | | | 793 | | | | | | 15,400 | | |
Liberty Global PLC, Class C* | | | | | 2,159 | | | | | | 39,531 | | |
Lloyds Banking Group PLC | | | | | 366,345 | | | | | | 148,978 | | |
London Stock Exchange Group PLC | | | | | 1,844 | | | | | | 173,421 | | |
Marks & Spencer Group PLC | | | | | 10,204 | | | | | | 11,854 | | |
Mondi PLC | | | | | 2,549 | | | | | | 45,334 | | |
Next PLC | | | | | 660 | | | | | | 39,344 | | |
Pearson PLC | | | | | 4,090 | | | | | | 23,721 | | |
Prudential PLC | | | | | 13,589 | | | | | | 193,431 | | |
Reckitt Benckiser Group PLC | | | | | 3,697 | | | | | | 309,171 | | |
RELX PLC | | | | | 10,119 | | | | | | 229,298 | | |
Rentokil Initial PLC | | | | | 9,672 | | | | | | 57,864 | | |
Royal Bank of Scotland Group PLC | | | | | 24,013 | | | | | | 33,484 | | |
Sage Group PLC (The) | | | | | 5,714 | | | | | | 46,127 | | |
Schroders PLC | | | | | 616 | | | | | | 20,621 | | |
Segro PLC | | | | | 5,720 | | | | | | 59,855 | | |
Severn Trent PLC | | | | | 1,234 | | | | | | 37,201 | | |
Smith & Nephew PLC | | | | | 4,575 | | | | | | 89,907 | | |
Spirax-Sarco Engineering PLC | | | | | 394 | | | | | | 43,376 | | |
Standard Chartered PLC | | | | | 16,714 | | | | | | 85,910 | | |
Standard Life Aberdeen PLC | | | | | 12,222 | | | | | | 34,085 | | |
Taylor Wimpey PLC | | | | | 16,667 | | | | | | 30,914 | | |
TechnipFMC PLC | | | | | 2,200 | | | | | | 19,602 | | |
Unilever NV | | | | | 7,171 | | | | | | 358,003 | | |
Unilever PLC | | | | | 5,762 | | | | | | 298,129 | | |
United Utilities Group PLC | | | | | 3,563 | | | | | | 40,547 | | |
Vodafone Group PLC | | | | | 140,033 | | | | | | 198,074 | | |
Weir Group PLC (The) | | | | | 1,362 | | | | | | 16,400 | | |
Whitbread PLC | | | | | 703 | | | | | | 26,425 | | |
Wm Morrison Supermarkets PLC | | | | | 12,223 | | | | | | 28,214 | | |
WPP PLC | | | | | 6,556 | | | | | | 51,370 | | |
Total United Kingdom | | | | | | | | | | | 6,338,266 | | |
United States — 0.2% | | ||||||||||||
Ferguson PLC | | | | | 1,186 | | | | | | 85,808 | | |
Total Common Stocks (Cost $46,289,019) | | | | | | | | | | | 45,943,968 | | |
Preferred Stocks — 0.3% | | ||||||||||||
Germany — 0.3% | | ||||||||||||
Bayerische Motoren Werke AG, 8.45% | | | | | 305 | | | | | | 14,438 | | |
Henkel AG & Co. KGaA, 2.32% | | | | | 921 | | | | | | 81,751 | | |
Sartorius AG | | | | | 176 | | | | | | 49,505 | | |
|
| | | Shares | | | Value | | | ||||||||
Preferred Stocks (continued) | | | ||||||||||||||
Germany (continued) | | | ||||||||||||||
Total Germany | | | | | | | | | | $ | 145,694 | | | | | |
Total Preferred Stocks | | | | | | | | | | | | | | | ||
(Cost $141,369) | | | | | | | | | | | 145,694 | | | | ||
Short-Term Investments — 1.2% | | | ||||||||||||||
Money Market Funds — 1.2% | | | ||||||||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(c)(d) | | | | | 531,802 | | | | | | 531,802 | | | | ||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(c) | | | | | 16,396 | | | | | | 16,396 | | | | ||
Total Short-Term Investments | | | | | | | | | | | | | | | ||
(Cost $548,198) | | | | | | | | | | | 548,198 | | | | ||
Total Investments — 101.0% | | | | | | | | | | | | | | | ||
(Cost $46,978,586) | | | | | | | | | | | 46,637,860 | | | | ||
Other Assets and Liabilities, Net — (1.0)% | | | | | | | | | | | (441,721) | | | | ||
Net Assets — 100.0% | | | | | | | | | | $ | 46,196,139 | | | | ||
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Australia | | | | $ | 3,606,390 | | | | | $ | — | | | | | $ | — | | | | | $ | 3,606,390 | | |
Austria | | | | | 95,438 | | | | | | — | | | | | | — | | | | | | 95,438 | | |
Belgium | | | | | 255,939 | | | | | | — | | | | | | — | | | | | | 255,939 | | |
Chile | | | | | 18,510 | | | | | | — | | | | | | — | | | | | | 18,510 | | |
China | | | | | 406,929 | | | | | | — | | | | | | — | | | | | | 406,929 | | |
Colombia | | | | | 13,893 | | | | | | — | | | | | | — | | | | | | 13,893 | | |
Denmark | | | | | 1,294,089 | | | | | | — | | | | | | — | | | | | | 1,294,089 | | |
Finland | | | | | 628,299 | | | | | | — | | | | | | — | | | | | | 628,299 | | |
France | | | | | 5,006,650 | | | | | | — | | | | | | — | | | | | | 5,006,650 | | |
Germany | | | | | 3,909,874 | | | | | | — | | | | | | — | | | | | | 3,909,874 | | |
Hong Kong | | | | | 1,471,158 | | | | | | — | | | | | | — | | | | | | 1,471,158 | | |
Ireland | | | | | 201,983 | | | | | | — | | | | | | — | | | | | | 201,983 | | |
Israel | | | | | 182,265 | | | | | | — | | | | | | — | | | | | | 182,265 | | |
Italy | | | | | 1,018,464 | | | | | | — | | | | | | — | | | | | | 1,018,464 | | |
Japan | | | | | 11,070,542 | | | | | | — | | | | | | — | | | | | | 11,070,542 | | |
Mexico | | | | | 8,682 | | | | | | — | | | | | | — | | | | | | 8,682 | | |
Netherlands | | | | | 1,624,323 | | | | | | — | | | | | | — | | | | | | 1,624,323 | | |
New Zealand | | | | | 93,482 | | | | | | — | | | | | | — | | | | | | 93,482 | | |
Norway | | | | | 358,923 | | | | | | — | | | | | | — | | | | | | 358,923 | | |
Portugal | | | | | 71,236 | | | | | | — | | | | | | — | | | | | | 71,236 | | |
Singapore | | | | | 667,996 | | | | | | — | | | | | | — | | | | | | 667,996 | | |
South Africa | | | | | 7,546 | | | | | | — | | | | | | — | | | | | | 7,546 | | |
Spain | | | | | 1,272,030 | | | | | | — | | | | | | — | | | | | | 1,272,030 | | |
Sweden | | | | | 1,529,167 | | | | | | — | | | | | | — | | | | | | 1,529,167 | | |
Switzerland | | | | | 4,706,086 | | | | | | — | | | | | | — | | | | | | 4,706,086 | | |
United Kingdom | | | | | 6,338,266 | | | | | | — | | | | | | — | | | | | | 6,338,266 | | |
United States | | | | | 85,808 | | | | | | — | | | | | | — | | | | | | 85,808 | | |
Total Common Stocks | | | | | 45,943,968 | | | | | | — | | | | | | — | | | | | | 45,943,968 | | |
Preferred Stocks | | | | | | | | | | | | | | | | | | | | | | | | | |
Germany | | | | | 145,694 | | | | | | — | | | | | | — | | | | | | 145,694 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 548,198 | | | | | | — | | | | | | — | | | | | | 548,198 | | |
Total Investments in Securities | | | | $ | 46,637,860 | | | | | $ | — | | | | | $ | — | | | | | $ | 46,637,860 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.8% | | ||||||||||||
Communication Services — 10.9% | | ||||||||||||
Activision Blizzard, Inc. | | | | | 263 | | | | | $ | 16,761 | | |
Alphabet, Inc., Class A* | | | | | 104 | | | | | | 140,057 | | |
Alphabet, Inc., Class C* | | | | | 104 | | | | | | 140,261 | | |
AT&T, Inc. | | | | | 2,533 | | | | | | 77,181 | | |
CenturyLink, Inc.(a) | | | | | 378 | | | | | | 4,014 | | |
Charter Communications, Inc., Class A* | | | | | 53 | | | | | | 26,247 | | |
Comcast Corp., Class A | | | | | 1,565 | | | | | | 58,891 | | |
Discovery, Inc., Class A*(a) | | | | | 53 | | | | | | 1,188 | | |
Discovery, Inc., Class C* | | | | | 117 | | | | | | 2,388 | | |
DISH Network Corp., Class A* | | | | | 86 | | | | | | 2,151 | | |
Electronic Arts, Inc.* | | | | | 100 | | | | | | 11,426 | | |
Fox Corp., Class A | | | | | 122 | | | | | | 3,156 | | |
Fox Corp., Class B | | | | | 57 | | | | | | 1,457 | | |
Interpublic Group of Cos., Inc. (The) | | | | | 135 | | | | | | 2,292 | | |
Omnicom Group, Inc. | | | | | 75 | | | | | | 4,277 | | |
Sirius XM Holdings, Inc.(a) | | | | | 389 | | | | | | 2,299 | | |
Take-Two Interactive Software, Inc.* | | | | | 39 | | | | | | 4,721 | | |
Twitter, Inc.* | | | | | 260 | | | | | | 7,457 | | |
Verizon Communications, Inc. | | | | | 1,435 | | | | | | 82,441 | | |
ViacomCBS, Inc., Class B | | | | | 188 | | | | | | 3,245 | | |
Walt Disney Co. (The) | | | | | 625 | | | | | | 67,594 | | |
Total Communication Services | | | | | | | | | | | 659,504 | | |
Consumer Discretionary — 13.7% | | ||||||||||||
Advance Auto Parts, Inc. | | | | | 23 | | | | | | 2,781 | | |
Amazon.com, Inc.* | | | | | 145 | | | | | | 358,730 | | |
Aramark | | | | | 86 | | | | | | 2,349 | | |
Autoliv, Inc. | | | | | 30 | | | | | | 1,801 | | |
Best Buy Co., Inc. | | | | | 80 | | | | | | 6,138 | | |
Booking Holdings, Inc.* | | | | | 14 | | | | | | 20,728 | | |
BorgWarner, Inc.(a) | | | | | 72 | | | | | | 2,057 | | |
CarMax, Inc.*(a) | | | | | 57 | | | | | | 4,198 | | |
Chipotle Mexican Grill, Inc.* | | | | | 10 | | | | | | 8,786 | | |
Darden Restaurants, Inc. | | | | | 42 | | | | | | 3,099 | | |
Dollar General Corp. | | | | | 88 | | | | | | 15,426 | | |
eBay, Inc. | | | | | 271 | | | | | | 10,794 | | |
Ford Motor Co. | | | | | 1,351 | | | | | | 6,877 | | |
Gap, Inc. (The)(a) | | | | | 98 | | | | | | 796 | | |
Hasbro, Inc. | | | | | 45 | | | | | | 3,249 | | |
Hilton Worldwide Holdings, Inc. | | | | | 97 | | | | | | 7,344 | | |
Home Depot, Inc. (The) | | | | | 378 | | | | | | 83,096 | | |
Lear Corp. | | | | | 21 | | | | | | 2,051 | | |
Lowe’s Cos., Inc. | | | | | 267 | | | | | | 27,968 | | |
Lululemon Athletica, Inc.* | | | | | 40 | | | | | | 8,939 | | |
Marriott International, Inc., Class A | | | | | 92 | | | | | | 8,366 | | |
McDonald’s Corp. | | | | | 261 | | | | | | 48,953 | | |
MercadoLibre, Inc.* | | | | | 16 | | | | | | 9,336 | | |
Mohawk Industries, Inc.* | | | | | 21 | | | | | | 1,842 | | |
NIKE, Inc., Class B | | | | | 426 | | | | | | 37,139 | | |
PulteGroup, Inc. | | | | | 89 | | | | | | 2,516 | | |
PVH Corp. | | | | | 25 | | | | | | 1,231 | | |
Royal Caribbean Cruises Ltd. | | | | | 60 | | | | | | 2,806 | | |
Starbucks Corp. | | | | | 396 | | | | | | 30,385 | | |
Tapestry, Inc. | | | | | 96 | | | | | | 1,428 | | |
Target Corp. | | | | | 175 | | | | | | 19,205 | | |
Tesla, Inc.* | | | | | 49 | | | | | | 38,312 | | |
Tiffany & Co. | | | | | 42 | | | | | | 5,313 | | |
TJX Cos., Inc. (The) | | | | | 385 | | | | | | 18,884 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Discretionary (continued) | | ||||||||||||
Tractor Supply Co. | | | | | 41 | | | | | $ | 4,159 | | |
Ulta Beauty, Inc.* | | | | | 19 | | | | | | 4,140 | | |
Under Armour, Inc., Class C* | | | | | 67 | | | | | | 621 | | |
Under Armour, Inc., Class A* | | | | | 65 | | | | | | 677 | | |
VF Corp. | | | | | 115 | | | | | | 6,682 | | |
Yum! Brands, Inc. | | | | | 105 | | | | | | 9,075 | | |
Total Consumer Discretionary | | | | | | | | | | | 828,277 | | |
Consumer Staples — 6.6% | | ||||||||||||
Bunge Ltd. | | | | | 48 | | | | | | 1,904 | | |
Campbell Soup Co. | | | | | 67 | | | | | | 3,349 | | |
Church & Dwight Co., Inc. | | | | | 86 | | | | | | 6,019 | | |
Clorox Co. (The) | | | | | 43 | | | | | | 8,017 | | |
Coca-Cola Co. (The) | | | | | 1,333 | | | | | | 61,171 | | |
Colgate-Palmolive Co. | | | | | 296 | | | | | | 20,800 | | |
Conagra Brands, Inc. | | | | | 169 | | | | | | 5,651 | | |
Estee Lauder Cos., Inc. (The), Class A | | | | | 76 | | | | | | 13,406 | | |
General Mills, Inc. | | | | | 209 | | | | | | 12,517 | | |
Hershey Co. (The) | | | | | 51 | | | | | | 6,754 | | |
Hormel Foods Corp. | | | | | 97 | | | | | | 4,544 | | |
JM Smucker Co. (The) | | | | | 38 | | | | | | 4,367 | | |
Kellogg Co. | | | | | 88 | | | | | | 5,764 | | |
Keurig Dr Pepper, Inc.(a) | | | | | 93 | | | | | | 2,461 | | |
Kimberly-Clark Corp. | | | | | 119 | | | | | | 16,479 | | |
Kroger Co. (The) | | | | | 277 | | | | | | 8,756 | | |
McCormick & Co., Inc. | | | | | 42 | | | | | | 6,587 | | |
Molson Coors Beverage Co., Class B(a) | | | | | 63 | | | | | | 2,584 | | |
Mondelez International, Inc., Class A | | | | | 492 | | | | | | 25,309 | | |
PepsiCo, Inc. | | | | | 483 | | | | | | 63,896 | | |
Procter & Gamble Co. (The) | | | | | 853 | | | | | | 100,543 | | |
Sysco Corp. | | | | | 170 | | | | | | 9,566 | | |
Walgreens Boots Alliance, Inc. | | | | | 257 | | | | | | 11,126 | | |
Total Consumer Staples | | | | | | | | | | | 401,570 | | |
Energy — 0.8% | | ||||||||||||
Baker Hughes Co. | | | | | 227 | | | | | | 3,167 | | |
Cheniere Energy, Inc.*(a) | | | | | 81 | | | | | | 3,782 | | |
Halliburton Co. | | | | | 284 | | | | | | 2,982 | | |
Kinder Morgan, Inc. | | | | | 679 | | | | | | 10,341 | | |
ONEOK, Inc. | | | | | 143 | | | | | | 4,280 | | |
Schlumberger Ltd. | | | | | 483 | | | | | | 8,124 | | |
Targa Resources Corp. | | | | | 79 | | | | | | 1,024 | | |
Valero Energy Corp. | | | | | 143 | | | | | | 9,059 | | |
Williams Cos., Inc. (The) | | | | | 423 | | | | | | 8,193 | | |
Total Energy | | | | | | | | | | | 50,952 | | |
Financials — 5.7% | | ||||||||||||
Aflac, Inc. | | | | | 238 | | | | | | 8,863 | | |
Allstate Corp. (The) | | | | | 110 | | | | | | 11,189 | | |
American Express Co. | | | | | 215 | | | | | | 19,619 | | |
American International Group, Inc. | | | | | 304 | | | | | | 7,731 | | |
Ameriprise Financial, Inc. | | | | | 44 | | | | | | 5,057 | | |
Annaly Capital Management, Inc. | | | | | 498 | | | | | | 3,113 | | |
AON PLC* | | | | | 80 | | | | | | 13,814 | | |
Arch Capital Group Ltd.* | | | | | 137 | | | | | | 3,292 | | |
Bank of New York Mellon Corp. (The) | | | | | 293 | | | | | | 10,999 | | |
Capital One Financial Corp. | | | | | 161 | | | | | | 10,426 | | |
Chubb Ltd.* | | | | | 134 | | | | | | 14,473 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | ||||||||||||
Cincinnati Financial Corp. | | | | | 56 | | | | | $ | 3,685 | | |
Comerica, Inc. | | | | | 50 | | | | | | 1,743 | | |
Discover Financial Services | | | | | 108 | | | | | | 4,641 | | |
E*TRADE Financial Corp. | | | | | 79 | | | | | | 3,208 | | |
Fifth Third Bancorp | | | | | 247 | | | | | | 4,616 | | |
First Republic Bank | | | | | 58 | | | | | | 6,049 | | |
Franklin Resources, Inc.(a) | | | | | 99 | | | | | | 1,865 | | |
Globe Life, Inc. | | | | | 35 | | | | | | 2,882 | | |
Hartford Financial Services Group, Inc. (The) | | | | | 125 | | | | | | 4,749 | | |
Huntington Bancshares, Inc. | | | | | 357 | | | | | | 3,299 | | |
Intercontinental Exchange, Inc. | | | | | 192 | | | | | | 17,174 | | |
KeyCorp | | | | | 342 | | | | | | 3,984 | | |
Lincoln National Corp. | | | | | 69 | | | | | | 2,447 | | |
Marsh & McLennan Cos., Inc. | | | | | 176 | | | | | | 17,130 | | |
MetLife, Inc. | | | | | 248 | | | | | | 8,948 | | |
Moody’s Corp. | | | | | 57 | | | | | | 13,902 | | |
Morgan Stanley | | | | | 430 | | | | | | 16,955 | | |
MSCI, Inc. | | | | | 28 | | | | | | 9,156 | | |
Northern Trust Corp. | | | | | 71 | | | | | | 5,620 | | |
PNC Financial Services Group, Inc. (The) | | | | | 140 | | | | | | 14,934 | | |
Progressive Corp. (The) | | | | | 202 | | | | | | 15,615 | | |
Prudential Financial, Inc. | | | | | 140 | | | | | | 8,732 | | |
Raymond James Financial, Inc. | | | | | 43 | | | | | | 2,835 | | |
Regions Financial Corp. | | | | | 335 | | | | | | 3,601 | | |
Reinsurance Group of America, Inc. | | | | | 22 | | | | | | 2,303 | | |
S&P Global, Inc. | | | | | 85 | | | | | | 24,895 | | |
Travelers Cos., Inc. (The) | | | | | 88 | | | | | | 8,907 | | |
Truist Financial Corp. | | | | | 466 | | | | | | 17,391 | | |
Zions Bancorp NA | | | | | 59 | | | | | | 1,865 | | |
Total Financials | | | | | | | | | | | 341,707 | | |
Health Care — 16.0% | | ||||||||||||
Abbott Laboratories | | | | | 609 | | | | | | 56,083 | | |
AbbVie, Inc. | | | | | 513 | | | | | | 42,169 | | |
ABIOMED, Inc.* | | | | | 15 | | | | | | 2,869 | | |
Agilent Technologies, Inc. | | | | | 108 | | | | | | 8,279 | | |
Alexion Pharmaceuticals, Inc.* | | | | | 74 | | | | | | 7,953 | | |
Align Technology, Inc.* | | | | | 25 | | | | | | 5,371 | | |
AmerisourceBergen Corp. | | | | | 52 | | | | | | 4,662 | | |
Amgen, Inc. | | | | | 206 | | | | | | 49,279 | | |
Baxter International, Inc. | | | | | 178 | | | | | | 15,803 | | |
Becton Dickinson and Co. | | | | | 94 | | | | | | 23,738 | | |
Biogen, Inc.* | | | | | 62 | | | | | | 18,403 | | |
Boston Scientific Corp.* | | | | | 485 | | | | | | 18,178 | | |
Bristol-Myers Squibb Co. | | | | | 812 | | | | | | 49,378 | | |
Cardinal Health, Inc. | | | | | 102 | | | | | | 5,047 | | |
Centene Corp.* | | | | | 199 | | | | | | 13,249 | | |
Cerner Corp. | | | | | 106 | | | | | | 7,355 | | |
Cigna Corp. | | | | | 129 | | | | | | 25,256 | | |
Cooper Cos., Inc. (The) | | | | | 17 | | | | | | 4,874 | | |
CVS Health Corp. | | | | | 450 | | | | | | 27,697 | | |
Danaher Corp. | | | | | 221 | | | | | | 36,125 | | |
Edwards Lifesciences Corp.* | | | | | 72 | | | | | | 15,660 | | |
Eli Lilly & Co. | | | | | 293 | | | | | | 45,309 | | |
Gilead Sciences, Inc. | | | | | 437 | | | | | | 36,708 | | |
HCA Healthcare, Inc. | | | | | 93 | | | | | | 10,219 | | |
Hologic, Inc.* | | | | | 93 | | | | | | 4,659 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | ||||||||||||
Humana, Inc. | | | | | 46 | | | | | $ | 17,564 | | |
Illumina, Inc.* | | | | | 51 | | | | | | 16,271 | | |
Incyte Corp.* | | | | | 63 | | | | | | 6,153 | | |
IQVIA Holdings, Inc.* | | | | | 62 | | | | | | 8,841 | | |
Jazz Pharmaceuticals PLC* | | | | | 19 | | | | | | 2,095 | | |
Johnson & Johnson | | | | | 913 | | | | | | 136,986 | | |
Laboratory Corp. of America Holdings* | | | | | 34 | | | | | | 5,591 | | |
Medtronic PLC | | | | | 465 | | | | | | 45,398 | | |
Merck & Co., Inc. | | | | | 883 | | | | | | 70,057 | | |
Mettler-Toledo International, Inc.* | | | | | 8 | | | | | | 5,759 | | |
Mylan NV* | | | | | 179 | | | | | | 3,002 | | |
Perrigo Co. PLC | | | | | 46 | | | | | | 2,452 | | |
Quest Diagnostics, Inc. | | | | | 47 | | | | | | 5,175 | | |
ResMed, Inc. | | | | | 49 | | | | | | 7,611 | | |
Stryker Corp. | | | | | 113 | | | | | | 21,067 | | |
Thermo Fisher Scientific, Inc. | | | | | 139 | | | | | | 46,520 | | |
Varian Medical Systems, Inc.* | | | | | 32 | | | | | | 3,660 | | |
Vertex Pharmaceuticals, Inc.* | | | | | 89 | | | | | | 22,357 | | |
Waters Corp.* | | | | | 22 | | | | | | 4,114 | | |
Total Health Care | | | | | | | | | | | 964,996 | | |
Industrials — 5.2% | | ||||||||||||
3M Co. | | | | | 199 | | | | | | 30,232 | | |
CH Robinson Worldwide, Inc. | | | | | 47 | | | | | | 3,332 | | |
Cintas Corp. | | | | | 30 | | | | | | 6,655 | | |
CoStar Group, Inc.* | | | | | 13 | | | | | | 8,427 | | |
CSX Corp. | | | | | 259 | | | | | | 17,154 | | |
Cummins, Inc. | | | | | 52 | | | | | | 8,502 | | |
Deere & Co. | | | | | 108 | | | | | | 15,666 | | |
Dover Corp. | | | | | 50 | | | | | | 4,682 | | |
Eaton Corp. PLC | | | | | 144 | | | | | | 12,024 | | |
FedEx Corp. | | | | | 84 | | | | | | 10,649 | | |
General Electric Co. | | | | | 2,982 | | | | | | 20,278 | | |
Johnson Controls International PLC* | | | | | 269 | | | | | | 7,831 | | |
Kansas City Southern | | | | | 34 | | | | | | 4,439 | | |
Masco Corp. | | | | | 99 | | | | | | 4,063 | | |
Nielsen Holdings PLC | | | | | 124 | | | | | | 1,826 | | |
Norfolk Southern Corp. | | | | | 90 | | | | | | 15,399 | | |
Parker-Hannifin Corp. | | | | | 44 | | | | | | 6,957 | | |
Republic Services, Inc. | | | | | 73 | | | | | | 5,719 | | |
Rockwell Automation, Inc. | | | | | 40 | | | | | | 7,579 | | |
Roper Technologies, Inc. | | | | | 35 | | | | | | 11,936 | | |
Southwest Airlines Co. | | | | | 164 | | | | | | 5,125 | | |
Stanley Black & Decker, Inc. | | | | | 53 | | | | | | 5,841 | | |
Union Pacific Corp. | | | | | 240 | | | | | | 38,350 | | |
United Parcel Service, Inc., Class B | | | | | 243 | | | | | | 23,002 | | |
United Rentals, Inc.*(a) | | | | | 26 | | | | | | 3,341 | | |
Verisk Analytics, Inc. | | | | | 56 | | | | | | 8,558 | | |
Waste Management, Inc. | | | | | 146 | | | | | | 14,603 | | |
WW Grainger, Inc. | | | | | 16 | | | | | | 4,409 | | |
Xylem, Inc. | | | | | 63 | | | | | | 4,530 | | |
Total Industrials | | | | | | | | | | | 311,109 | | |
Information Technology — 32.8% | | ||||||||||||
Accenture PLC, Class A | | | | | 220 | | | | | | 40,742 | | |
Adobe, Inc.* | | | | | 167 | | | | | | 59,058 | | |
Advanced Micro Devices, Inc.* | | | | | 386 | | | | | | 20,222 | | |
Akamai Technologies, Inc.* | | | | | 55 | | | | | | 5,374 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | ||||||||||||
Alliance Data Systems Corp. | | | | | 15 | | | | | $ | 751 | | |
Amphenol Corp., Class A | | | | | 103 | | | | | | 9,091 | | |
Analog Devices, Inc. | | | | | 128 | | | | | | 14,029 | | |
ANSYS, Inc.* | | | | | 29 | | | | | | 7,593 | | |
Apple, Inc. | | | | | 1,337 | | | | | | 392,811 | | |
Applied Materials, Inc. | | | | | 318 | | | | | | 15,798 | | |
Autodesk, Inc.* | | | | | 76 | | | | | | 14,222 | | |
Automatic Data Processing, Inc. | | | | | 139 | | | | | | 20,390 | | |
Broadcom, Inc. | | | | | 134 | | | | | | 36,397 | | |
Broadridge Financial Solutions, Inc. | | | | | 40 | | | | | | 4,640 | | |
Cadence Design Systems, Inc.* | | | | | 97 | | | | | | 7,870 | | |
Cisco Systems, Inc. | | | | | 1,471 | | | | | | 62,341 | | |
Citrix Systems, Inc. | | | | | 43 | | | | | | 6,235 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 191 | | | | | | 11,082 | | |
Corning, Inc. | | | | | 268 | | | | | | 5,899 | | |
Dell Technologies, Inc., Class C* | | | | | 76 | | | | | | 3,244 | | |
F5 Networks, Inc.* | | | | | 26 | | | | | | 3,621 | | |
Fortinet, Inc.* | | | | | 51 | | | | | | 5,495 | | |
Hewlett Packard Enterprise Co. | | | | | 451 | | | | | | 4,537 | | |
HP, Inc. | | | | | 507 | | | | | | 7,864 | | |
Intel Corp. | | | | | 1,509 | | | | | | 90,510 | | |
International Business Machines Corp. | | | | | 307 | | | | | | 38,547 | | |
Intuit, Inc. | | | | | 87 | | | | | | 23,473 | | |
Juniper Networks, Inc. | | | | | 116 | | | | | | 2,506 | | |
KLA Corp. | | | | | 54 | | | | | | 8,861 | | |
Lam Research Corp. | | | | | 50 | | | | | | 12,764 | | |
Mastercard, Inc., Class A | | | | | 305 | | | | | | 83,866 | | |
Microchip Technology, Inc.(a) | | | | | 82 | | | | | | 7,194 | | |
Micron Technology, Inc.* | | | | | 387 | | | | | | 18,533 | | |
Microsoft Corp. | | | | | 2,610 | | | | | | 467,738 | | |
Motorola Solutions, Inc. | | | | | 59 | | | | | | 8,485 | | |
NortonLifeLock, Inc. | | | | | 200 | | | | | | 4,254 | | |
NVIDIA Corp. | | | | | 203 | | | | | | 59,333 | | |
Oracle Corp. | | | | | 716 | | | | | | 37,926 | | |
PayPal Holdings, Inc.* | | | | | 407 | | | | | | 50,061 | | |
QUALCOMM, Inc. | | | | | 396 | | | | | | 31,153 | | |
salesforce.com, Inc.* | | | | | 296 | | | | | | 47,937 | | |
Seagate Technology PLC | | | | | 80 | | | | | | 3,996 | | |
ServiceNow, Inc.* | | | | | 65 | | | | | | 22,850 | | |
Splunk, Inc.*(a) | | | | | 54 | | | | | | 7,579 | | |
SS&C Technologies Holdings, Inc. | | | | | 77 | | | | | | 4,247 | | |
Synopsys, Inc.* | | | | | 52 | | | | | | 8,170 | | |
TE Connectivity Ltd. | | | | | 117 | | | | | | 8,595 | | |
Texas Instruments, Inc. | | | | | 324 | | | | | | 37,607 | | |
VeriSign, Inc.* | | | | | 36 | | | | | | 7,542 | | |
Visa, Inc., Class A(a) | | | | | 590 | | | | | | 105,445 | | |
VMware, Inc., Class A*(a) | | | | | 27 | | | | | | 3,551 | | |
Western Union Co. (The) | | | | | 145 | | | | | | 2,765 | | |
Workday, Inc., Class A* | | | | | 57 | | | | | | 8,772 | | |
Xilinx, Inc. | | | | | 88 | | | | | | 7,691 | | |
Total Information Technology | | | | | | | | | | | 1,981,257 | | |
Materials — 2.8% | | ||||||||||||
Air Products & Chemicals, Inc. | | | | | 76 | | | | | | 17,144 | | |
Albemarle Corp.(a) | | | | | 37 | | | | | | 2,273 | | |
Axalta Coating Systems Ltd.* | | | | | 73 | | | | | | 1,441 | | |
Ball Corp. | | | | | 114 | | | | | | 7,477 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials (continued) | | ||||||||||||
DuPont de Nemours, Inc. | | | | | 258 | | | | | $ | 12,131 | | |
Ecolab, Inc. | | | | | 89 | | | | | | 17,222 | | |
International Flavors & Fragrances, Inc.(a) | | | | | 37 | | | | | | 4,848 | | |
International Paper Co. | | | | | 137 | | | | | | 4,692 | | |
Linde PLC* | | | | | 186 | | | | | | 34,222 | | |
LyondellBasell Industries NV, Class A | | | | | 89 | | | | | | 5,158 | | |
Mosaic Co. (The) | | | | | 132 | | | | | | 1,519 | | |
Newmont Corp. | | | | | 285 | | | | | | 16,952 | | |
Nucor Corp. | | | | | 105 | | | | | | 4,325 | | |
Packaging Corp. of America | | | | | 33 | | | | | | 3,189 | | |
PPG Industries, Inc. | | | | | 82 | | | | | | 7,448 | | |
Sealed Air Corp. | | | | | 54 | | | | | | 1,544 | | |
Sherwin-Williams Co. (The) | | | | | 29 | | | | | | 15,555 | | |
Steel Dynamics, Inc. | | | | | 72 | | | | | | 1,747 | | |
Vulcan Materials Co. | | | | | 46 | | | | | | 5,197 | | |
Westrock Co. | | | | | 89 | | | | | | 2,865 | | |
Total Materials | | | | | | | | | | | 166,949 | | |
Real Estate — 3.7% | | ||||||||||||
Alexandria Real Estate Equities, Inc. | | | | | 42 | | | | | | 6,598 | | |
American Tower Corp. | | | | | 153 | | | | | | 36,414 | | |
AvalonBay Communities, Inc. | | | | | 48 | | | | | | 7,822 | | |
Boston Properties, Inc. | | | | | 54 | | | | | | 5,248 | | |
CBRE Group, Inc., Class A* | | | | | 112 | | | | | | 4,808 | | |
Crown Castle International Corp. | | | | | 144 | | | | | | 22,958 | | |
Digital Realty Trust, Inc.(a) | | | | | 72 | | | | | | 10,763 | | |
Duke Realty Corp. | | | | | 128 | | | | | | 4,442 | | |
Equinix, Inc. | | | | | 29 | | | | | | 19,581 | | |
Equity Residential | | | | | 128 | | | | | | 8,328 | | |
Essex Property Trust, Inc. | | | | | 23 | | | | | | 5,614 | | |
Extra Space Storage, Inc. | | | | | 44 | | | | | | 3,883 | | |
Healthpeak Properties, Inc. | | | | | 178 | | | | | | 4,653 | | |
Host Hotels & Resorts, Inc. | | | | | 248 | | | | | | 3,053 | | |
Iron Mountain, Inc.(a) | | | | | 99 | | | | | | 2,394 | | |
Kimco Realty Corp. | | | | | 143 | | | | | | 1,560 | | |
Mid-America Apartment Communities, Inc. | | | | | 40 | | | | | | 4,477 | | |
Prologis, Inc. | | | | | 219 | | | | | | 19,541 | | |
Regency Centers Corp. | | | | | 58 | | | | | | 2,547 | | |
SBA Communications Corp. | | | | | 39 | | | | | | 11,307 | | |
Simon Property Group, Inc. | | | | | 104 | | | | | | 6,944 | | |
SL Green Realty Corp.(a) | | | | | 28 | | | | | | 1,485 | | |
UDR, Inc. | | | | | 101 | | | | | | 3,784 | | |
Ventas, Inc. | | | | | 130 | | | | | | 4,205 | | |
Vornado Realty Trust | | | | | 60 | | | | | | 2,629 | | |
Welltower, Inc. | | | | | 141 | | | | | | 7,223 | | |
Weyerhaeuser Co. | | | | | 260 | | | | | | 5,686 | | |
WP Carey, Inc. | | | | | 60 | | | | | | 3,947 | | |
Total Real Estate | | | | | | | | | | | 221,894 | | |
Utilities — 1.6% | | ||||||||||||
American Water Works Co., Inc. | | | | | 63 | | | | | | 7,667 | | |
Atmos Energy Corp. | | | | | 42 | | | | | | 4,283 | | |
Avangrid, Inc.(a) | | | | | 19 | | | | | | 817 | | |
CenterPoint Energy, Inc. | | | | | 175 | | | | | | 2,980 | | |
Consolidated Edison, Inc. | | | | | 116 | | | | | | 9,141 | | |
Eversource Energy | | | | | 113 | | | | | | 9,119 | | |
NextEra Energy, Inc. | | | | | 169 | | | | | | 39,059 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Utilities (continued) | | ||||||||||||
Public Service Enterprise Group, Inc. | | | | | 176 | | | | | $ | 8,925 | | |
Sempra Energy | | | | | 98 | | | | | | 12,137 | | |
Total Utilities | | | | | | | | | | | 94,128 | | |
Total Common Stocks (Cost $6,285,395) | | | | | | | | | | | 6,022,343 | | |
Short-Term Investments — 0.2% | | | | | | | | | | | | | |
Money Market Funds — 0.2% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 3,669 | | | | | | 3,669 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 5,575 | | | | | | 5,575 | | |
Total Short-Term Investments (Cost $9,244) | | | | | | | | | | | 9,244 | | |
Total Investments — 100.0% | | | | | | | | | | | | | |
(Cost $6,294,639) | | | | | | | | | | | 6,031,587 | | |
| | | Shares | | | Value | | |||
Other Assets and Liabilities, Net — 0.0%(d) | | | | | | | $ | 2,160 | | |
Net Assets — 100.0% | | | | | | | $ | 6,033,747 | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(e) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 6,022,343 | | | | | $ | — | | | | | $ | — | | | | | $ | 6,022,343 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 9,244 | | | | | | — | | | | | | — | | | | | | 9,244 | | |
Total Investments in Securities | | | | $ | 6,031,587 | | | | | $ | — | | | | | $ | — | | | | | $ | 6,031,587 | | |
| | | Shares | | | Value | | ||||||
Common Stocks — 99.9% | | ||||||||||||
Communication Services — 4.0% | | ||||||||||||
AMC Entertainment Holdings, Inc., Class A(a) | | | | | 57,904 | | | | | $ | 284,888 | | |
AMC Networks, Inc., Class A*(a) | | | | | 7,527 | | | | | | 179,519 | | |
Anterix, Inc.*(a) | | | | | 4,006 | | | | | | 210,315 | | |
Clear Channel Outdoor Holdings, Inc., Class A* | | | | | 285,904 | | | | | | 275,840 | | |
Cogent Communications Holdings, Inc. | | | | | 2,232 | | | | | | 187,108 | | |
Emerald Holding, Inc. | | | | | 70,647 | | | | | | 161,075 | | |
Gannett Co., Inc. | | | | | 123,634 | | | | | | 139,706 | | |
John Wiley & Sons, Inc., Class A | | | | | 4,882 | | | | | | 183,319 | | |
Liberty Latin America Ltd., Class C* | | | | | 17,835 | | | | | | 184,414 | | |
Loral Space & Communications, Inc.* | | | | | 11,261 | | | | | | 247,742 | | |
Marcus Corp. (The) | | | | | 14,853 | | | | | | 215,963 | | |
Meredith Corp.(a) | | | | | 14,973 | | | | | | 222,050 | | |
National CineMedia, Inc. | | | | | 56,127 | | | | | | 185,219 | | |
ORBCOMM, Inc.* | | | | | 74,991 | | | | | | 197,976 | | |
QuinStreet, Inc.* | | | | | 22,730 | | | | | | 230,937 | | |
Scholastic Corp. | | | | | 7,178 | | | | | | 208,664 | | |
Sinclair Broadcast Group, Inc., Class A(a) | | | | | 11,378 | | | | | | 200,822 | | |
Telephone and Data Systems, Inc. | | | | | 10,918 | | | | | | 214,211 | | |
United States Cellular Corp.* | | | | | 6,247 | | | | | | 198,842 | | |
Yelp, Inc., Class A* | | | | | 10,148 | | | | | | 226,808 | | |
Total Communication Services | | | | | | | | | | | 4,155,418 | | |
Consumer Discretionary — 10.9% | | | | ||||||||||
1-800-Flowers.com, Inc., Class A*(a) | | | | | 13,831 | | | | | | 265,417 | | |
American Outdoor Brands Corp.* | | | | | 22,046 | | | | | | 208,665 | | |
Asbury Automotive Group, Inc.* | | | | | 3,313 | | | | | | 223,627 | | |
BJ’s Restaurants, Inc. | | | | | 13,173 | | | | | | 287,962 | | |
Bloomin’ Brands, Inc. | | | | | 25,627 | | | | | | 308,805 | | |
Brinker International, Inc.(a) | | | | | 15,236 | | | | | | 354,694 | | |
Cato Corp. (The), Class A | | | | | 17,148 | | | | | | 193,086 | | |
Cavco Industries, Inc.* | | | | | 1,263 | | | | | | 195,361 | | |
Century Communities, Inc.*(a) | | | | | 12,610 | | | | | | 270,106 | | |
Cooper Tire & Rubber Co. | | | | | 11,226 | | | | | | 237,879 | | |
Core-Mark Holding Co., Inc. | | | | | 6,405 | | | | | | 184,080 | | |
Duluth Holdings, Inc., Class B*(a) | | | | | 45,630 | | | | | | 182,976 | | |
Fossil Group, Inc.*(a) | | | | | 55,616 | | | | | | 220,239 | | |
Genesco, Inc.* | | | | | 13,717 | | | | | | 259,663 | | |
Gentherm, Inc.* | | | | | 5,827 | | | | | | 218,163 | | |
GoPro, Inc., Class A*(a) | | | | | 69,839 | | | | | | 245,833 | | |
Graham Holdings Co., Class B | | | | | 537 | | | | | | 209,435 | | |
Green Brick Partners, Inc.* | | | | | 22,730 | | | | | | 202,524 | | |
Haverty Furniture Cos., Inc. | | | | | 15,388 | | | | | | 208,200 | | |
Houghton Mifflin Harcourt Co.* | | | | | 97,329 | | | | | | 155,726 | | |
Hyatt Hotels Corp., Class A(a) | | | | | 3,820 | | | | | | 214,913 | | |
Johnson Outdoors, Inc., Class A | | | | | 2,919 | | | | | | 199,543 | | |
K12, Inc.* | | | | | 9,703 | | | | | | 220,355 | | |
KB Home | | | | | 10,110 | | | | | | 265,286 | | |
La-Z-Boy, Inc., Class Z | | | | �� | 8,903 | | | | | | 208,775 | | |
LCI Industries | | | | | 2,737 | | | | | | 237,353 | | |
LGI Homes, Inc.*(a) | | | | | 4,053 | | | | | | 245,531 | | |
Lindblad Expeditions Holdings, Inc.* | | | | | 43,879 | | | | | | 293,112 | | |
Lithia Motors, Inc., Class A | | | | | 2,237 | | | | | | 247,323 | | |
M/I Homes, Inc.* | | | | | 11,069 | | | | | | 281,817 | | |
MarineMax, Inc.* | | | | | 17,560 | | | | | | 253,040 | | |
MDC Holdings, Inc. | | | | | 7,886 | | | | | | 230,666 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Consumer Discretionary (continued) | | | | ||||||||||
Meritage Homes Corp.* | | | | | 5,011 | | | | | $ | 263,378 | | |
Murphy USA, Inc.* | | | | | 2,169 | | | | | | 231,649 | | |
Perdoceo Education Corp.* | | | | | 16,958 | | | | | | 220,454 | | |
Playa Hotels & Resorts NV* | | | | | 104,560 | | | | | | 258,263 | | |
Rent-A-Center, Inc., Class A | | | | | 12,940 | | | | | | 257,571 | | |
Ruth’s Hospitality Group, Inc. | | | | | 27,392 | | | | | | 308,297 | | |
Sally Beauty Holdings, Inc.*(a) | | | | | 22,646 | | | | | | 219,893 | | |
Shoe Carnival, Inc.(a) | | | | | 8,809 | | | | | | 208,069 | | |
Sleep Number Corp.* | | | | | 9,550 | | | | | | 285,545 | | |
Standard Motor Products, Inc. | | | | | 4,401 | | | | | | 179,077 | | |
Taylor Morrison Home Corp.* | | | | | 16,634 | | | | | | 242,025 | | |
TRI Pointe Group, Inc.* | | | | | 20,864 | | | | | | 239,519 | | |
Unifi, Inc.* | | | | | 15,842 | | | | | | 163,965 | | |
Universal Electronics, Inc.* | | | | | 4,769 | | | | | | 196,864 | | |
Urban Outfitters, Inc.*(a) | | | | | 12,849 | | | | | | 222,802 | | |
Vista Outdoor, Inc.* | | | | | 20,793 | | | | | | 210,425 | | |
Total Consumer Discretionary | | | | | | | | | | | 11,237,951 | | |
Consumer Staples — 3.3% | | | | ||||||||||
B&G Foods, Inc., Class A(a) | | | | | 10,116 | | | | | | 196,453 | | |
Central Garden & Pet Co., Class A* | | | | | 7,155 | | | | | | 217,583 | | |
Coca-Cola Consolidated, Inc. | | | | | 877 | | | | | | 206,507 | | |
Darling Ingredients, Inc.* | | | | | 9,545 | | | | | | 196,532 | | |
Edgewell Personal Care Co.* | | | | | 7,598 | | | | | | 209,781 | | |
Fresh Del Monte Produce, Inc. | | | | | 6,628 | | | | | | 188,964 | | |
Hain Celestial Group, Inc. (The)*(a) | | | | | 7,047 | | | | | | 182,094 | | |
Ingles Markets, Inc., Class A | | | | | 5,061 | | | | | | 206,641 | | |
Medifast, Inc.(a) | | | | | 2,929 | | | | | | 222,252 | | |
National Beverage Corp.*(a) | | | | | 4,290 | | | | | | 215,487 | | |
SpartanNash Co. | | | | | 12,778 | | | | | | 219,143 | | |
Sprouts Farmers Market, Inc.* | | | | | 9,842 | | | | | | 204,517 | | |
Turning Point Brands, Inc. | | | | | 8,668 | | | | | | 201,964 | | |
Universal Corp./VA | | | | | 4,139 | | | | | | 200,203 | | |
USANA Health Sciences, Inc.* | | | | | 3,167 | | | | | | 282,560 | | |
Vector Group Ltd. | | | | | 19,424 | | | | | | 207,837 | | |
Total Consumer Staples | | | | | | | | | | | 3,358,518 | | |
Energy — 3.3% | | | | ||||||||||
Cactus, Inc., Class A | | | | | 15,775 | | | | | | 280,479 | | |
CNX Resources Corp.* | | | | | 34,395 | | | | | | 364,587 | | |
Core Laboratories NV | | | | | 17,696 | | | | | | 347,018 | | |
Liberty Oilfield Services, Inc., Class A | | | | | 68,022 | | | | | | 321,064 | | |
Magnolia Oil & Gas Corp., Class A* | | | | | 45,744 | | | | | | 295,964 | | |
Patterson-UTI Energy, Inc. | | | | | 77,863 | | | | | | 287,314 | | |
PBF Energy, Inc., Class A(a) | | | | | 25,845 | | | | | | 294,633 | | |
Peabody Energy Corp.(a) | | | | | 63,097 | | | | | | 213,899 | | |
ProPetro Holding Corp.* | | | | | 73,190 | | | | | | 310,326 | | |
Select Energy Services, Inc., Class A* | | | | | 56,649 | | | | | | 271,915 | | |
US Silica Holdings, Inc. | | | | | 101,655 | | | | | | 195,178 | | |
World Fuel Services Corp. | | | | | 7,266 | | | | | | 181,650 | | |
Total Energy | | | | | | | | | | | 3,364,027 | | |
Financials — 21.4% | | | | | | | | | | | | | |
AG Mortgage Investment Trust, Inc.(a) | | | | | 66,781 | | | | | | 213,031 | | |
Allegiance Bancshares, Inc. | | | | | 7,589 | | | | | | 190,332 | | |
Amalgamated Bank, Class A | | | | | 16,912 | | | | | | 180,958 | | |
American National Insurance Co. | | | | | 2,220 | | | | | | 178,710 | | |
Ameris Bancorp | | | | | 7,701 | | | | | | 195,836 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | | | ||||||||||
ARMOUR Residential REIT, Inc. | | | | | 20,769 | | | | | $ | 183,598 | | |
Artisan Partners Asset Management, Inc., Class A | | | | | 8,514 | | | | | | 250,652 | | |
Atlantic Capital Bancshares, Inc.* | | | | | 15,415 | | | | | | 193,458 | | |
Axos Financial, Inc.* | | | | | 10,093 | | | | | | 232,644 | | |
B. Riley Financial, Inc. | | | | | 9,933 | | | | | | 197,567 | | |
Bank of Marin Bancorp | | | | | 6,100 | | | | | | 201,056 | | |
BankUnited, Inc. | | | | | 9,785 | | | | | | 193,841 | | |
Banner Corp. | | | | | 5,538 | | | | | | 212,825 | | |
Berkshire Hills Bancorp, Inc. | | | | | 12,313 | | | | | | 209,814 | | |
BGC Partners, Inc., Class A | | | | | 72,610 | | | | | | 224,728 | | |
Blucora, Inc.* | | | | | 15,184 | | | | | | 213,639 | | |
Boston Private Financial Holdings, Inc. | | | | | 25,591 | | | | | | 194,492 | | |
Bridge Bancorp, Inc. | | | | | 8,647 | | | | | | 178,906 | | |
Brookline Bancorp, Inc. | | | | | 16,221 | | | | | | 165,616 | | |
Bryn Mawr Bank Corp. | | | | | 6,447 | | | | | | 187,704 | | |
Byline Bancorp, Inc. | | | | | 17,644 | | | | | | 217,374 | | |
Cambridge Bancorp | | | | | 3,519 | | | | | | 196,290 | | |
Camden National Corp. | | | | | 5,817 | | | | | | 190,507 | | |
Capstead Mortgage Corp. | | | | | 43,565 | | | | | | 226,102 | | |
Carter Bank & Trust | | | | | 19,932 | | | | | | 188,955 | | |
Cathay General Bancorp | | | | | 7,972 | | | | | | 222,578 | | |
CBTX, Inc. | | | | | 10,297 | | | | | | 185,964 | | |
CNO Financial Group, Inc. | | | | | 14,767 | | | | | | 207,624 | | |
Colony Credit Real Estate, Inc. | | | | | 46,442 | | | | | | 223,386 | | |
Cowen, Inc., Class A | | | | | 18,942 | | | | | | 207,415 | | |
Customers Bancorp, Inc.* | | | | | 16,740 | | | | | | 213,602 | | |
Diamond Hill Investment Group, Inc. | | | | | 2,027 | | | | | | 222,078 | | |
Dynex Capital, Inc.(a) | | | | | 17,527 | | | | | | 250,811 | | |
Eagle Bancorp, Inc. | | | | | 6,057 | | | | | | 212,480 | | |
Ellington Financial, Inc. | | | | | 32,044 | | | | | | 332,937 | | |
Enterprise Financial Services Corp. | | | | | 6,555 | | | | | | 201,501 | | |
Equity Bancshares, Inc., Class A* | | | | | 10,608 | | | | | | 198,794 | | |
Farmers National Banc Corp. | | | | | 15,733 | | | | | | 194,932 | | |
Federal Agricultural Mortgage Corp., Class C | | | | | 3,289 | | | | | | 219,146 | | |
Federated Hermes, Inc., Class B | | | | | 9,606 | | | | | | 218,729 | | |
First Bancshares, Inc. (The) | | | | | 9,596 | | | | | | 191,152 | | |
First Commonwealth Financial Corp. | | | | | 20,019 | | | | | | 190,581 | | |
First Community Bankshares, Inc. | | | | | 7,854 | | | | | | 185,119 | | |
First Financial Corp. | | | | | 5,426 | | | | | | 192,732 | | |
First Foundation, Inc. | | | | | 17,904 | | | | | | 246,359 | | |
First Merchants Corp. | | | | | 6,908 | | | | | | 195,566 | | |
First Midwest Bancorp, Inc. | | | | | 13,826 | | | | | | 204,348 | | |
Flagstar Bancorp, Inc. | | | | | 9,227 | | | | | | 239,072 | | |
Flushing Financial Corp. | | | | | 13,696 | | | | | | 171,063 | | |
Great Southern Bancorp, Inc. | | | | | 4,529 | | | | | | 192,800 | | |
Green Dot Corp., Class A* | | | | | 7,207 | | | | | | 219,814 | | |
Greenhill & Co., Inc. | | | | | 18,595 | | | | | | 198,409 | | |
Hancock Whitney Corp. | | | | | 9,374 | | | | | | 196,010 | | |
Hanmi Financial Corp. | | | | | 16,864 | | | | | | 203,548 | | |
HarborOne Bancorp, Inc.* | | | | | 24,300 | | | | | | 194,886 | | |
Heartland Financial USA, Inc. | | | | | 6,059 | | | | | | 205,824 | | |
Heritage Commerce Corp. | | | | | 23,856 | | | | | | 211,841 | | |
Heritage Insurance Holdings, Inc. | | | | | 17,085 | | | | | | 193,744 | | |
HomeStreet, Inc. | | | | | 8,231 | | | | | | 210,302 | | |
Hope Bancorp, Inc. | | | | | 22,261 | | | | | | 221,497 | | |
Houlihan Lokey, Inc. | | | | | 3,511 | | | | | | 208,483 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Financials (continued) | | | | ||||||||||
Independent Bank Corp. | | | | | 14,218 | | | | | $ | 208,862 | | |
INTL.FCStone, Inc.* | | | | | 5,046 | | | | | | 201,638 | | |
Invesco Mortgage Capital, Inc. | | | | | 53,658 | | | | | | 163,120 | | |
Investors Title Co. | | | | | 1,429 | | | | | | 191,343 | | |
Lakeland Bancorp, Inc. | | | | | 16,926 | | | | | | 189,402 | | |
Meridian Bancorp, Inc. | | | | | 16,307 | | | | | | 192,096 | | |
MFA Financial, Inc. | | | | | 118,049 | | | | | | 206,586 | | |
Midland States Bancorp, Inc. | | | | | 10,461 | | | | | | 169,677 | | |
MidWestOne Financial Group, Inc. | | | | | 8,738 | | | | | | 182,362 | | |
Mr Cooper Group, Inc.* | | | | | 24,962 | | | | | | 239,136 | | |
National Bank Holdings Corp., Class A | | | | | 7,657 | | | | | | 203,523 | | |
National General Holdings Corp. | | | | | 11,057 | | | | | | 210,415 | | |
New York Mortgage Trust, Inc. | | | | | 118,049 | | | | | | 257,347 | | |
Nicolet Bankshares, Inc.* | | | | | 3,352 | | | | | | 184,427 | | |
NMI Holdings, Inc., Class A* | | | | | 15,761 | | | | | | 213,089 | | |
OceanFirst Financial Corp. | | | | | 11,500 | | | | | | 193,775 | | |
OFG Bancorp | | | | | 16,367 | | | | | | 205,897 | | |
Oppenheimer Holdings, Inc., Class A | | | | | 9,260 | | | | | | 190,571 | | |
Orchid Island Capital, Inc. | | | | | 62,026 | | | | | | 244,382 | | |
Pacific Premier Bancorp, Inc. | | | | | 9,713 | | | | | | 207,373 | | |
Peapack-Gladstone Financial Corp. | | | | | 10,194 | | | | | | 192,361 | | |
PennyMac Financial Services, Inc. | | | | | 8,277 | | | | | | 249,717 | | |
Peoples Bancorp, Inc. | | | | | 8,261 | | | | | | 200,825 | | |
Piper Sandler Cos. | | | | | 3,619 | | | | | | 195,100 | | |
PJT Partners, Inc., Class A | | | | | 4,217 | | | | | | 205,115 | | |
Preferred Bank/Los Angeles CA | | | | | 5,410 | | | | | | 206,392 | | |
Provident Financial Services, Inc. | | | | | 14,229 | | | | | | 204,186 | | |
QCR Holdings, Inc. | | | | | 6,759 | | | | | | 208,042 | | |
S&T Bancorp, Inc. | | | | | 6,698 | | | | | | 178,904 | | |
Sandy Spring Bancorp, Inc. | | | | | 8,081 | | | | | | 206,066 | | |
Sculptor Capital Management, Inc., Class A | | | | | 13,515 | | | | | | 198,130 | | |
ServisFirst Bancshares, Inc. | | | | | 6,240 | | | | | | 221,645 | | |
Sierra Bancorp | | | | | 10,409 | | | | | | 211,303 | | |
Simmons First National Corp., Class A | | | | | 9,944 | | | | | | 185,953 | | |
Southern National Bancorp of Virginia, Inc. | | | | | 18,595 | | | | | | 187,252 | | |
TCF Financial Corp. | | | | | 8,074 | | | | | | 239,717 | | |
Third Point Reinsurance Ltd.* | | | | | 24,693 | | | | | | 183,716 | | |
United Community Banks, Inc. | | | | | 9,994 | | | | | | 211,323 | | |
United Insurance Holdings Corp. | | | | | 19,802 | | | | | | 169,307 | | |
Universal Insurance Holdings, Inc. | | | | | 10,211 | | | | | | 186,147 | | |
Univest Financial Corp. | | | | | 11,212 | | | | | | 198,452 | | |
Virtu Financial, Inc., Class A(a) | | | | | 8,789 | | | | | | 205,399 | | |
Virtus Investment Partners, Inc. | | | | | 2,405 | | | | | | 195,454 | | |
Walker & Dunlop, Inc. | | | | | 4,544 | | | | | | 174,626 | | |
Waterstone Financial, Inc. | | | | | 12,585 | | | | | | 182,734 | | |
WesBanco, Inc. | | | | | 7,721 | | | | | | 190,554 | | |
WSFS Financial Corp. | | | | | 7,343 | | | | | | 214,269 | | |
Total Financials | | | | | | | | | | | 22,061,472 | | |
Health Care — 15.2% | | | | ||||||||||
Aerie Pharmaceuticals, Inc.*(a) | | | | | 13,553 | | | | | | 206,548 | | |
Amicus Therapeutics, Inc.*(a) | | | | | 19,802 | | | | | | 233,862 | | |
AMN Healthcare Services, Inc.* | | | | | 3,165 | | | | | | 148,692 | | |
AngioDynamics, Inc.* | | | | | 17,543 | | | | | | 182,973 | | |
Anika Therapeutics, Inc.* | | | | | 6,328 | | | | | | 210,279 | | |
Antares Pharma, Inc.* | | | | | 77,532 | | | | | | 251,204 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | | | ||||||||||
Arcus Biosciences, Inc.* | | | | | 13,183 | | | | | $ | 348,163 | | |
Arrowhead Pharmaceuticals, Inc.* | | | | | 6,360 | | | | | | 218,975 | | |
Arvinas, Inc.* | | | | | 4,541 | | | | | | 238,402 | | |
Athenex, Inc.* | | | | | 23,640 | | | | | | 211,342 | | |
AtriCure, Inc.* | | | | | 5,447 | | | | | | 234,875 | | |
Axogen, Inc.* | | | | | 17,594 | | | | | | 171,541 | | |
Axonics Modulation Technologies, Inc.*(a) | | | | | 7,201 | | | | | | 231,944 | | |
BioSpecifics Technologies Corp.* | | | | | 3,235 | | | | | | 184,104 | | |
CareDx, Inc.*(a) | | | | | 8,383 | | | | | | 212,760 | | |
Catalyst Pharmaceuticals, Inc.* | | | | | 47,527 | | | | | | 225,278 | | |
Clovis Oncology, Inc.*(a) | | | | | 28,769 | | | | | | 218,932 | | |
Codexis, Inc.* | | | | | 16,397 | | | | | | 190,369 | | |
Collegium Pharmaceutical, Inc.*(a) | | | | | 11,205 | | | | | | 231,719 | | |
Computer Programs and Systems, Inc. | | | | | 8,224 | | | | | | 197,623 | | |
Corcept Therapeutics, Inc.* | | | | | 15,388 | | | | | | 194,812 | | |
Emergent BioSolutions, Inc.* | | | | | 3,162 | | | | | | 233,830 | | |
Enanta Pharmaceuticals, Inc.* | | | | | 3,557 | | | | | | 164,938 | | |
Ensign Group, Inc. (The) | | | | | 4,866 | | | | | | 182,037 | | |
Fluidigm Corp.* | | | | | 72,039 | | | | | | 161,367 | | |
G1 Therapeutics, Inc.* | | | | | 16,605 | | | | | | 218,024 | | |
GenMark Diagnostics, Inc.* | | | | | 44,412 | | | | | | 555,594 | | |
HealthStream, Inc.* | | | | | 7,641 | | | | | | 174,406 | | |
HMS Holdings Corp.* | | | | | 7,242 | | | | | | 207,664 | | |
Innoviva, Inc.* | | | | | 15,560 | | | | | | 220,641 | | |
Integer Holdings Corp.* | | | | | 2,911 | | | | | | 216,753 | | |
Intersect ENT, Inc.* | | | | | 15,441 | | | | | | 177,263 | | |
Iovance Biotherapeutics, Inc.*(a) | | | | | 6,113 | | | | | | 196,533 | | |
Krystal Biotech, Inc.*(a) | | | | | 4,232 | | | | | | 199,708 | | |
Ligand Pharmaceuticals, Inc.*(a) | | | | | 2,517 | | | | | | 248,101 | | |
Luminex Corp. | | | | | 6,646 | | | | | | 239,588 | | |
Magellan Health, Inc.* | | | | | 3,803 | | | | | | 230,956 | | |
Medpace Holdings, Inc.* | | | | | 2,494 | | | | | | 199,171 | | |
Meridian Bioscience, Inc.* | | | | | 21,783 | | | | | | 261,396 | | |
Momenta Pharmaceuticals, Inc.* | | | | | 6,728 | | | | | | 213,278 | | |
Myriad Genetics, Inc.* | | | | | 12,787 | | | | | | 197,687 | | |
NanoString Technologies, Inc.* | | | | | 7,608 | | | | | | 241,630 | | |
National HealthCare Corp. | | | | | 2,551 | | | | | | 174,412 | | |
Natus Medical, Inc.* | | | | | 7,911 | | | | | | 197,696 | | |
Nevro Corp.* | | | | | 1,830 | | | | | | 215,281 | | |
NextGen Healthcare, Inc.* | | | | | 17,527 | | | | | | 184,910 | | |
NuVasive, Inc.* | | | | | 3,612 | | | | | | 219,899 | | |
Omnicell, Inc.* | | | | | 2,790 | | | | | | 203,391 | | |
OPKO Health, Inc.*(a) | | | | | 136,550 | | | | | | 303,141 | | |
OraSure Technologies, Inc.* | | | | | 17,006 | | | | | | 271,076 | | |
Patterson Cos., Inc.(a) | | | | | 11,968 | | | | | | 218,775 | | |
Premier, Inc., Class A* | | | | | 5,593 | | | | | | 185,464 | | |
Prestige Consumer Healthcare, Inc.* | | | | | 4,989 | | | | | | 203,002 | | |
Provention Bio, Inc.* | | | | | 19,890 | | | | | | 227,542 | | |
Providence Service Corp. (The)* | | | | | 3,335 | | | | | | 193,463 | | |
Quidel Corp.* | | | | | 1,871 | | | | | | 260,069 | | |
R1 RCM, Inc.* | | | | | 20,129 | | | | | | 207,731 | | |
Radius Health, Inc.* | | | | | 14,075 | | | | | | 220,837 | | |
Select Medical Holdings Corp.* | | | | | 12,198 | | | | | | 208,220 | | |
SI-BONE, Inc.* | | | | | 15,312 | | | | | | 247,595 | | |
SIGA Technologies, Inc.* | | | | | 38,280 | | | | | | 226,235 | | |
Surmodics, Inc.* | | | | | 5,492 | | | | | | 209,245 | | |
TCR2 Therapeutics, Inc.*(a) | | | | | 23,640 | | | | | | 225,526 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care (continued) | | | | ||||||||||
TG Therapeutics, Inc.*(a) | | | | | 18,595 | | | | | $ | 218,677 | | |
Triple-S Management Corp., Class B* | | | | | 12,977 | | | | | | 219,701 | | |
Twist Bioscience Corp.* | | | | | 5,984 | | | | | | 195,737 | | |
United Therapeutics Corp.* | | | | | 1,929 | | | | | | 211,341 | | |
Utah Medical Products, Inc. | | | | | 1,945 | | | | | | 161,435 | | |
Vanda Pharmaceuticals, Inc.* | | | | | 17,661 | | | | | | 203,101 | | |
Vocera Communications, Inc.* | | | | | 8,614 | | | | | | 163,321 | | |
Y-mAbs Therapeutics, Inc.*(a) | | | | | 7,011 | | | | | | 235,429 | | |
Zogenix, Inc.*(a) | | | | | 7,399 | | | | | | 208,874 | | |
Total Health Care | | | | | | | | | | | 15,706,088 | | |
Industrials — 16.5% | | | | ||||||||||
ABM Industries, Inc. | | | | | 7,511 | | | | | | 259,054 | | |
Alamo Group, Inc. | | | | | 2,061 | | | | | | 202,885 | | |
Allied Motion Technologies, Inc. | | | | | 7,721 | | | | | | 222,519 | | |
Applied Industrial Technologies, Inc. | | | | | 4,002 | | | | | | 209,665 | | |
Arcosa, Inc. | | | | | 4,604 | | | | | | 171,591 | | |
ASGN, Inc.* | | | | | 5,181 | | | | | | 240,657 | | |
Atkore International Group, Inc.* | | | | | 8,685 | | | | | | 211,393 | | |
AZZ, Inc. | | | | | 6,508 | | | | | | 204,286 | | |
Barnes Group, Inc. | | | | | 4,373 | | | | | | 167,836 | | |
Barrett Business Services, Inc. | | | | | 4,616 | | | | | | 225,815 | | |
Beacon Roofing Supply, Inc.* | | | | | 11,062 | | | | | | 243,364 | | |
Blue Bird Corp.* | | | | | 16,740 | | | | | | 205,400 | | |
BMC Stock Holdings, Inc.* | | | | | 10,321 | | | | | | 219,321 | | |
BrightView Holdings, Inc.* | | | | | 16,544 | | | | | | 212,094 | | |
CAI International, Inc.* | | | | | 12,940 | | | | | | 213,381 | | |
CBIZ, Inc.* | | | | | 8,747 | | | | | | 207,741 | | |
Cimpress PLC*(a) | | | | | 3,440 | | | | | | 250,398 | | |
Comfort Systems USA, Inc. | | | | | 5,006 | | | | | | 166,700 | | |
CRA International, Inc. | | | | | 5,477 | | | | | | 230,746 | | |
CSW Industrials, Inc. | | | | | 2,822 | | | | | | 186,929 | | |
Douglas Dynamics, Inc. | | | | | 5,153 | | | | | | 190,455 | | |
Ducommun, Inc.* | | | | | 7,362 | | | | | | 207,903 | | |
Encore Wire Corp. | | | | | 4,358 | | | | | | 199,509 | | |
EnerSys | | | | | 3,695 | | | | | | 215,751 | | |
Ennis, Inc. | | | | | 9,743 | | | | | | 181,317 | | |
ESCO Technologies, Inc. | | | | | 2,411 | | | | | | 183,959 | | |
Evoqua Water Technologies Corp.* | | | | | 16,322 | | | | | | 261,968 | | |
Federal Signal Corp. | | | | | 6,708 | | | | | | 180,646 | | |
Forward Air Corp. | | | | | 3,613 | | | | | | 186,431 | | |
Foundation Building Materials, Inc.* | | | | | 17,782 | | | | | | 208,049 | | |
Franklin Electric Co., Inc. | | | | | 3,882 | | | | | | 197,206 | | |
GATX Corp.(a) | | | | | 2,926 | | | | | | 173,512 | | |
Gorman-Rupp Co. (The) | | | | | 5,863 | | | | | | 172,958 | | |
Great Lakes Dredge & Dock Corp.* | | | | | 22,046 | | | | | | 194,887 | | |
Healthcare Services Group, Inc. | | | | | 7,654 | | | | | | 195,100 | | |
Heartland Express, Inc. | | | | | 9,853 | | | | | | 193,020 | | |
Heidrick & Struggles International, Inc. | | | | | 8,132 | | | | | | 182,482 | | |
Heritage-Crystal Clean, Inc.* | | | | | 11,266 | | | | | | 206,731 | | |
Herman Miller, Inc. | | | | | 8,243 | | | | | | 185,797 | | |
Hillenbrand, Inc. | | | | | 9,575 | | | | | | 200,596 | | |
HNI Corp. | | | | | 7,263 | | | | | | 176,781 | | |
Hub Group, Inc., Class A* | | | | | 4,024 | | | | | | 193,595 | | |
Huron Consulting Group, Inc.* | | | | | 4,034 | | | | | | 226,065 | | |
Hyster-Yale Materials Handling, Inc. | | | | | 4,565 | | | | | | 178,218 | | |
KAR Auction Services, Inc. | | | | | 15,249 | | | | | | 228,430 | | |
Kelly Services, Inc., Class A | | | | | 14,419 | | | | | | 222,774 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Industrials (continued) | | | | ||||||||||
Kforce, Inc. | | | | | 7,155 | | | | | $ | 214,292 | | |
Kimball International, Inc., Class B | | | | | 15,364 | | | | | | 188,516 | | |
Knoll, Inc. | | | | | 17,731 | | | | | | 206,743 | | |
Korn Ferry | | | | | 7,524 | | | | | | 216,917 | | |
Macquarie Infrastructure Corp. | | | | | 7,248 | | | | | | 199,972 | | |
Marten Transport Ltd. | | | | | 8,916 | | | | | | 199,897 | | |
Matson, Inc. | | | | | 5,976 | | | | | | 180,714 | | |
McGrath RentCorp | | | | | 3,493 | | | | | | 190,543 | | |
Miller Industries, Inc. | | | | | 6,470 | | | | | | 196,559 | | |
Mistras Group, Inc.* | | | | | 42,952 | | | | | | 204,022 | | |
Mueller Industries, Inc. | | | | | 7,644 | | | | | | 197,980 | | |
Mueller Water Products, Inc., Class A | | | | | 22,844 | | | | | | 216,790 | | |
MYR Group, Inc.* | | | | | 6,986 | | | | | | 209,580 | | |
PGT Innovations, Inc.* | | | | | 21,809 | | | | | | 225,505 | | |
Powell Industries, Inc. | | | | | 7,129 | | | | | | 180,863 | | |
Primoris Services Corp. | | | | | 11,508 | | | | | | 179,640 | | |
Quanex Building Products Corp. | | | | | 18,154 | | | | | | 226,380 | | |
Regal Beloit Corp. | | | | | 2,907 | | | | | | 206,426 | | |
Resources Connection, Inc. | | | | | 16,680 | | | | | | 181,478 | | |
Rush Enterprises, Inc., Class A | | | | | 5,732 | | | | | | 214,950 | | |
Saia, Inc.* | | | | | 2,489 | | | | | | 230,282 | | |
Simpson Manufacturing Co., Inc. | | | | | 2,952 | | | | | | 212,839 | | |
SP Plus Corp.* | | | | | 8,818 | | | | | | 185,972 | | |
Spirit Airlines, Inc.*(a) | | | | | 14,195 | | | | | | 213,209 | | |
SPX Corp.* | | | | | 5,605 | | | | | | 213,719 | | |
Standex International Corp. | | | | | 3,733 | | | | | | 186,053 | | |
Steelcase, Inc., Class A | | | | | 18,539 | | | | | | 203,002 | | |
Sterling Construction Co., Inc.* | | | | | 19,261 | | | | | | 190,299 | | |
Systemax, Inc. | | | | | 10,321 | | | | | | 204,975 | | |
Tennant Co. | | | | | 3,157 | | | | | | 186,800 | | |
Thermon Group Holdings, Inc.* | | | | | 12,142 | | | | | | 185,530 | | |
Timken Co. (The) | | | | | 5,658 | | | | | | 212,628 | | |
TriMas Corp.* | | | | | 7,921 | | | | | | 188,837 | | |
Triton International Ltd. | | | | | 7,072 | | | | | | 219,091 | | |
UniFirst Corp. | | | | | 1,211 | | | | | | 203,630 | | |
Watts Water Technologies, Inc., Class A | | | | | 2,162 | | | | | | 178,149 | | |
Werner Enterprises, Inc. | | | | | 5,046 | | | | | | 202,445 | | |
WESCO International, Inc.* | | | | | 8,007 | | | | | | 207,141 | | |
Total Industrials | | | | | | | | | | | 17,058,283 | | |
Information Technology — 13.1% | | | | ||||||||||
2U, Inc.*(a) | | | | | 8,623 | | | | | | 204,796 | | |
A10 Networks, Inc.* | | | | | 29,466 | | | | | | 201,253 | | |
Agilysys, Inc.* | | | | | 10,956 | | | | | | 214,628 | | |
Alarm.Com Holdings, Inc.*(a) | | | | | 4,702 | | | | | | 210,320 | | |
American Software, Inc., Class A | | | | | 12,877 | | | | | | 212,213 | | |
Arlo Technologies, Inc.* | | | | | 75,300 | | | | | | 206,322 | | |
Axcelis Technologies, Inc.* | | | | | 9,994 | | | | | | 233,460 | | |
Benchmark Electronics, Inc. | | | | | 9,153 | | | | | | 189,101 | | |
Benefitfocus, Inc.* | | | | | 20,536 | | | | | | 222,405 | | |
Box, Inc., Class A* | | | | | 13,032 | | | | | | 210,336 | | |
Cabot Microelectronics Corp. | | | | | 1,602 | | | | | | 196,309 | | |
Calix, Inc.* | | | | | 25,845 | | | | | | 297,217 | | |
Casa Systems, Inc.* | | | | | 52,280 | | | | | | 268,196 | | |
Cass Information Systems, Inc. | | | | | 5,203 | | | | | | 208,692 | | |
Cirrus Logic, Inc.* | | | | | 2,788 | | | | | | 210,773 | | |
CommVault Systems, Inc.* | | | | | 4,520 | | | | | | 192,959 | | |
Cornerstone OnDemand, Inc.* | | | | | 5,763 | | | | | | 193,406 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Information Technology (continued) | | | | ||||||||||
CSG Systems International, Inc. | | | | | 4,371 | | | | | $ | 212,343 | | |
CTS Corp. | | | | | 7,352 | | | | | | 170,272 | | |
Diodes, Inc.* | | | | | 4,503 | | | | | | 229,158 | | |
Domo, Inc., Class B* | | | | | 18,408 | | | | | | 358,036 | | |
DSP Group, Inc.* | | | | | 13,655 | | | | | | 235,549 | | |
EchoStar Corp., Class A* | | | | | 5,723 | | | | | | 180,561 | | |
ePlus, Inc.* | | | | | 2,923 | | | | | | 206,802 | | |
Evo Payments, Inc., Class A* | | | | | 11,960 | | | | | | 238,124 | | |
ExlService Holdings, Inc.* | | | | | 3,517 | | | | | | 217,104 | | |
Fabrinet* | | | | | 3,353 | | | | | | 210,401 | | |
FireEye, Inc.*(a) | | | | | 17,295 | | | | | | 199,065 | | |
FormFactor, Inc.* | | | | | 9,107 | | | | | | 212,193 | | |
Hackett Group, Inc. (The) | | | | | 14,385 | | | | | | 213,330 | | |
Harmonic, Inc.* | | | | | 31,767 | | | | | | 184,249 | | |
Insight Enterprises, Inc.* | | | | | 4,344 | | | | | | 235,836 | | |
Itron, Inc.* | | | | | 3,277 | | | | | | 228,800 | | |
MagnaChip Semiconductor Corp.* | | | | | 16,559 | | | | | | 191,588 | | |
ManTech International Corp., Class A(a) | | | | | 2,519 | | | | | | 187,817 | | |
MaxLinear, Inc., Class A* | | | | | 15,680 | | | | | | 258,563 | | |
Methode Electronics, Inc. | | | | | 6,924 | | | | | | 207,858 | | |
MicroStrategy, Inc., Class A* | | | | | 1,549 | | | | | | 195,685 | | |
Mitek Systems, Inc.* | | | | | 23,220 | | | | | | 216,643 | | |
Model N, Inc.* | | | | | 8,239 | | | | | | 237,778 | | |
NETGEAR, Inc.* | | | | | 8,011 | | | | | | 192,104 | | |
NetScout Systems, Inc.* | | | | | 7,731 | | | | | | 204,717 | | |
NVE Corp. | | | | | 3,517 | | | | | | 199,660 | | |
Onto Innovation, Inc.* | | | | | 6,167 | | | | | | 200,181 | | |
PC Connection, Inc. | | | | | 4,440 | | | | | | 204,018 | | |
Perficient, Inc.* | | | | | 6,754 | | | | | | 235,242 | | |
Photronics, Inc.* | | | | | 17,835 | | | | | | 213,128 | | |
Power Integrations, Inc. | | | | | 2,072 | | | | | | 212,069 | | |
Progress Software Corp. | | | | | 5,717 | | | | | | 233,882 | | |
Qualys, Inc.*(a) | | | | | 2,104 | | | | | | 221,846 | | |
Rambus, Inc.* | | | | | 16,485 | | | | | | 206,557 | | |
Rosetta Stone, Inc.* | | | | | 13,051 | | | | | | 222,911 | | |
Sanmina Corp.* | | | | | 6,708 | | | | | | 186,013 | | |
ScanSource, Inc.* | | | | | 8,555 | | | | | | 221,746 | | |
SPS Commerce, Inc.* | | | | | 3,935 | | | | | | 218,432 | | |
Sykes Enterprises, Inc.* | | | | | 6,746 | | | | | | 193,138 | | |
Telenav, Inc.* | | | | | 42,356 | | | | | | 197,803 | | |
TTEC Holdings, Inc. | | | | | 4,984 | | | | | | 194,276 | | |
Varonis Systems, Inc.* | | | | | 2,874 | | | | | | 192,702 | | |
Virtusa Corp.* | | | | | 6,442 | | | | | | 212,586 | | |
Vishay Intertechnology, Inc. | | | | | 12,699 | | | | | | 210,676 | | |
Vishay Precision Group, Inc.* | | | | | 9,112 | | | | | | 210,669 | | |
Xperi Corp. | | | | | 13,154 | | | | | | 200,993 | | |
Total Information Technology | | | | | | | | | | | 13,485,490 | | |
Materials — 3.9% | | | | ||||||||||
Cabot Corp. | | | | | 7,005 | | | | | | 237,399 | | |
Compass Minerals International, Inc. | | | | | 4,757 | | | | | | 233,854 | | |
Greif, Inc., Class A | | | | | 5,886 | | | | | | 199,476 | | |
Hawkins, Inc. | | | | | 5,140 | | | | | | 192,390 | | |
Haynes International, Inc. | | | | | 8,879 | | | | | | 196,226 | | |
Innospec, Inc. | | | | | 2,632 | | | | | | 190,873 | | |
Kaiser Aluminum Corp.(a) | | | | | 2,640 | | | | | | 190,687 | | |
Koppers Holdings, Inc.* | | | | | 14,792 | | | | | | 233,122 | | |
Materion Corp. | | | | | 5,226 | | | | | | 270,393 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials (continued) | | | | ||||||||||
Myers Industries, Inc. | | | | | 17,022 | | | | | $ | 210,392 | | |
PQ Group Holdings, Inc.* | | | | | 16,787 | | | | | | 196,744 | | |
Schnitzer Steel Industries, Inc., Class A | | | | | 14,033 | | | | | | 218,353 | | |
Schweitzer-Mauduit International, Inc. | | | | | 6,577 | | | | | | 211,911 | | |
Stepan Co. | | | | | 2,069 | | | | | | 197,383 | | |
Tredegar Corp. | | | | | 11,706 | | | | | | 192,915 | | |
UFP Technologies, Inc.* | | | | | 4,803 | | | | | | 206,529 | | |
US Concrete, Inc.* | | | | | 10,087 | | | | | | 193,469 | | |
Warrior Met Coal, Inc. | | | | | 17,229 | | | | | | 216,224 | | |
Worthington Industries, Inc. | | | | | 6,970 | | | | | | 184,287 | | |
Total Materials | | | | | | | | | | | 3,972,627 | | |
Real Estate — 7.1% | | | | ||||||||||
Alexander & Baldwin, Inc. | | | | | 16,307 | | | | | | 214,274 | | |
Altisource Portfolio Solutions SA* | | | | | 23,856 | | | | | | 199,198 | | |
American Finance Trust, Inc. | | | | | 29,276 | | | | | | 225,718 | | |
Apple Hospitality REIT, Inc. | | | | | 19,954 | | | | | | 193,155 | | |
Chatham Lodging Trust | | | | | 30,805 | | | | | | 231,346 | | |
Columbia Property Trust, Inc. | | | | | 14,639 | | | | | | 209,191 | | |
Consolidated-Tomoka Land Co. | | | | | 4,037 | | | | | | 169,675 | | |
CoreCivic, Inc. | | | | | 16,382 | | | | | | 214,932 | | |
CorePoint Lodging, Inc. | | | | | 46,678 | | | | | | 203,049 | | |
Corporate Office Properties Trust | | | | | 8,269 | | | | | | 218,467 | | |
DiamondRock Hospitality Co. | | | | | 36,020 | | | | | | 224,405 | | |
Empire State Realty Trust, Inc., Class A | | | | | 20,421 | | | | | | 170,720 | | |
Four Corners Property Trust, Inc. | | | | | 9,780 | | | | | | 218,974 | | |
Franklin Street Properties Corp. | | | | | 31,934 | | | | | | 173,721 | | |
GEO Group, Inc. (The) | | | | | 15,048 | | | | | | 190,809 | | |
Hersha Hospitality Trust | | | | | 51,111 | | | | | | 267,311 | | |
Investors Real Estate Trust | | | | | 3,328 | | | | | | 208,433 | | |
Kennedy-Wilson Holdings, Inc. | | | | | 13,634 | | | | | | 192,921 | | |
Mack-Cali Realty Corp. | | | | | 12,014 | | | | | | 194,507 | | |
Marcus & Millichap, Inc.* | | | | | 6,751 | | | | | | 196,117 | | |
New Senior Investment Group, Inc. | | | | | 71,475 | | | | | | 236,582 | | |
Newmark Group, Inc., Class A | | | | | 43,053 | | | | | | 167,046 | | |
Office Properties Income Trust | | | | | 6,715 | | | | | | 183,991 | | |
Paramount Group, Inc. | | | | | 20,793 | | | | | | 200,652 | | |
Piedmont Office Realty Trust, Inc., Class A | | | | | 10,361 | | | | | | 179,763 | | |
PotlatchDeltic Corp. | | | | | 5,829 | | | | | | 204,656 | | |
Preferred Apartment Communities, Inc., Class A | | | | | 25,484 | | | | | | 188,836 | | |
Retail Value, Inc. | | | | | 14,937 | | | | | | 216,138 | | |
RLJ Lodging Trust | | | | | 23,703 | | | | | | 220,201 | | |
RMR Group, Inc. (The), Class A | | | | | 6,784 | | | | | | 201,213 | | |
Safehold, Inc. | | | | | 2,894 | | | | | | 167,157 | | |
Saul Centers, Inc. | | | | | 5,589 | | | | | | 182,313 | | |
Sunstone Hotel Investors, Inc. | | | | | 21,008 | | | | | | 193,064 | | |
Tejon Ranch Co.* | | | | | 13,013 | | | | | | 178,278 | | |
Weingarten Realty Investors | | | | | 12,681 | | | | | | 230,667 | | |
Whitestone REIT | | | | | 29,512 | | | | | | 200,091 | | |
Total Real Estate | | | | | | | | | | | 7,267,571 | | |
Utilities — 1.2% | | | | ||||||||||
Avista Corp. | | | | | 4,306 | | | | | | 185,330 | | |
NorthWestern Corp. | | | | | 3,058 | | | | | | 176,416 | | |
Ormat Technologies, Inc. | | | | | 2,705 | | | | | | 168,819 | | |
Otter Tail Corp. | | | | | 4,116 | | | | | | 182,668 | | |
| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Utilities (continued) | | | | ||||||||||
SJW Group | | | | | 3,167 | | | | | $ | 188,532 | | |
South Jersey Industries, Inc.(a) | | | | | 7,319 | | | | | | 209,250 | | |
Unitil Corp. | | | | | 3,497 | | | | | | 175,934 | | |
Total Utilities | | | | | | | | | | | 1,286,949 | | |
Total Common Stocks (Cost $99,228,922) | | | | | | | | | | | 102,954,394 | | |
Short-Term Investments — 3.1% | | | | | | | | | | | | | |
Money Market Funds — 3.1% | | | | | | | | | | | | | |
Dreyfus Government Cash Management Fund, Institutional Shares, 0.15%(b)(c) | | | | | 3,062,369 | | | | | | 3,062,369 | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(b) | | | | | 127,704 | | | | | | 127,704 | | |
Total Short-Term Investments (Cost $3,190,073) | | | | | | | | | | | 3,190,073 | | |
Total Investments — 103.0% (Cost $102,418,995) | | | | | | | | | | | 106,144,467 | | |
Other Assets and Liabilities, Net — (3.0)% | | | | | | | | | | | (3,036,219) | | |
Net Assets — 100.0% | | | | | | | | | | $ | 103,108,248 | | |
|
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(d) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 102,954,394 | | | | | $ | — | | | | | $ | — | | | | | $ | 102,954,394 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 3,190,073 | | | | | | — | | | | | | — | | | | | | 3,190,073 | | |
Total Investments in Securities | | | | $ | 106,144,467 | | | | | $ | — | | | | | $ | — | | | | | $ | 106,144,467 | | |
| | | Shares | | | Value | | | | ||||||||||
Common Stocks — 99.8% | | | | ||||||||||||||||
Communication Services — 10.1% | | | | ||||||||||||||||
Activision Blizzard, Inc. | | | | | 32,500 | | | | | $ | 2,071,225 | | | | | ||||
Alphabet, Inc., Class A* | | | | | 1,664 | | | | | | 2,240,909 | | | | | ||||
AT&T, Inc. | | | | | 66,316 | | | | | | 2,020,648 | | | | | ||||
Comcast Corp., Class A | | | | | 56,228 | | | | | | 2,115,860 | | | | | ||||
Facebook, Inc., Class A* | | | | | 11,589 | | | | | | 2,372,384 | | | | | ||||
Snap, Inc., Class A* | | | | | 162,583 | | | | | | 2,863,086 | | | | | ||||
T-Mobile US, Inc.* | | | | | 23,041 | | | | | | 2,023,000 | | | | | ||||
Twitter, Inc.* | | | | | 78,710 | | | | | | 2,257,403 | | | | | ||||
Verizon Communications, Inc. | | | | | 35,978 | | | | | | 2,066,936 | | | | | ||||
Walt Disney Co. (The) | | | | | 20,012 | | | | | | 2,164,298 | | | | | ||||
Total Communication Services | | | | | | | | | | | 22,195,749 | | | | | ||||
Consumer Discretionary — 9.3% | | | | ||||||||||||||||
AutoZone, Inc.* | | | | | 2,285 | | | | | | 2,331,431 | | | | | ||||
Dollar General Corp. | | | | | 12,801 | | | | | | 2,244,015 | | | | | ||||
Home Depot, Inc. (The) | | | | | 10,354 | | | | | | 2,276,120 | | | | | ||||
Las Vegas Sands Corp. | | | | | 45,517 | | | | | | 2,185,726 | | | | | ||||
NIKE, Inc., Class B | | | | | 23,364 | | | | | | 2,036,874 | | | | | ||||
Ross Stores, Inc. | | | | | 22,227 | | | | | | 2,030,659 | | | | | ||||
Starbucks Corp. | | | | | 29,405 | | | | | | 2,256,246 | | | | | ||||
Target Corp. | | | | | 20,793 | | | | | | 2,281,824 | | | | | ||||
Tesla, Inc.* | | | | | 3,689 | | | | | | 2,884,355 | | | | | ||||
Total Consumer Discretionary | | | | | | | | | | | 20,527,250 | | | | | ||||
Consumer Staples — 5.5% | | | | ||||||||||||||||
Archer-Daniels-Midland Co. | | | | | 54,949 | | | | | | 2,040,806 | | | | | ||||
Costco Wholesale Corp. | | | | | 6,780 | | | | | | 2,054,340 | | | | | ||||
General Mills, Inc. | | | | | 36,633 | | | | | | 2,193,950 | | | | | ||||
Hormel Foods Corp. | | | | | 41,448 | | | | | | 1,941,839 | | | | | ||||
Tyson Foods, Inc., Class A | | | | | 33,404 | | | | | | 2,077,395 | | | | | ||||
Walgreens Boots Alliance, Inc. | | | | | 42,254 | | | | | | 1,829,175 | | | | | ||||
Total Consumer Staples | | | | | | | | | | | 12,137,505 | | | | | ||||
Energy — 3.5% | | | | ||||||||||||||||
Exxon Mobil Corp. | | | | | 50,912 | | | | | | 2,365,881 | | | | | ||||
Phillips 66 | | | | | 36,032 | | | | | | 2,636,461 | | | | | ||||
Valero Energy Corp. | | | | | 42,617 | | | | | | 2,699,787 | | | | | ||||
Total Energy | | | | | | | | | | | 7,702,129 | | | | | ||||
Financials — 14.7% | | | | | | | | ||||||||||||
Allstate Corp. (The) | | | | | 21,074 | | | | | | 2,143,647 | | | | | ||||
American Express Co. | | | | | 22,580 | | | | | | 2,060,425 | | | | | ||||
Bank of New York Mellon Corp. (The) | | | | | 57,397 | | | | | | 2,154,683 | | | | | ||||
Hartford Financial Services Group, Inc. (The) | | | | | 54,856 | | | | | | 2,083,980 | | | | | ||||
Intercontinental Exchange, Inc. | | | | | 23,940 | | | | | | 2,141,433 | | | | | ||||
JPMorgan Chase & Co. | | | | | 21,472 | | | | | | 2,056,159 | | | | | ||||
M&T Bank Corp. | | | | | 18,690 | | | | | | 2,094,775 | | | | | ||||
MetLife, Inc. | | | | | 63,236 | | | | | | 2,281,555 | | | | | ||||
Northern Trust Corp. | | | | | 25,618 | | | | | | 2,027,921 | | | | | ||||
Progressive Corp. (The) | | | | | 26,180 | | | | | | 2,023,714 | | | | | ||||
S&P Global, Inc. | | | | | 7,889 | | | | | | 2,310,530 | | | | | ||||
Synchrony Financial | | | | | 120,144 | | | | | | 2,377,650 | | | | | ||||
T Rowe Price Group, Inc. | | | | | 19,796 | | | | | | 2,289,012 | | | | | ||||
Truist Financial Corp. | | | | | 62,682 | | | | | | 2,339,292 | | | | | ||||
US Bancorp | | | | | 56,114 | | | | | | 2,048,161 | | | | | ||||
Total Financials | | | | | | | | | | | 32,432,937 | | | | | ||||
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| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Health Care — 15.9% | | ||||||||||||
AbbVie, Inc. | | | | | 25,372 | | | | | $ | 2,085,578 | | |
Amgen, Inc. | | | | | 9,535 | | | | | | 2,280,963 | | |
Anthem, Inc. | | | | | 8,514 | | | | | | 2,390,135 | | |
Becton Dickinson and Co. | | | | | 8,413 | | | | | | 2,124,535 | | |
Bristol-Myers Squibb Co. | | | | | 34,681 | | | | | | 2,108,952 | | |
Cigna Corp. | | | | | 10,910 | | | | | | 2,135,960 | | |
CVS Health Corp. | | | | | 32,582 | | | | | | 2,005,422 | | |
Gilead Sciences, Inc. | | | | | 25,858 | | | | | | 2,172,072 | | |
HCA Healthcare, Inc. | | | | | 21,515 | | | | | | 2,364,068 | | |
Humana, Inc. | | | | | 6,156 | | | | | | 2,350,484 | | |
Johnson & Johnson | | | | | 14,742 | | | | | | 2,211,890 | | |
Medtronic PLC | | | | | 21,436 | | | | | | 2,092,797 | | |
Merck & Co., Inc. | | | | | 25,125 | | | | | | 1,993,417 | | |
Thermo Fisher Scientific, Inc. | | | | | 6,816 | | | | | | 2,281,179 | | |
UnitedHealth Group, Inc. | | | | | 7,752 | | | | | | 2,267,227 | | |
Zimmer Biomet Holdings, Inc. | | | | | 19,125 | | | | | | 2,289,262 | | |
Total Health Care | | | | | | | | | | | 35,153,941 | | |
Industrials — 7.7% | | ||||||||||||
Cintas Corp. | | | | | 11,160 | | | | | | 2,475,623 | | |
Cummins, Inc. | | | | | 14,286 | | | | | | 2,335,761 | | |
Delta Air Lines, Inc. | | | | | 67,757 | | | | | | 1,755,584 | | |
Emerson Electric Co. | | | | | 40,569 | | | | | | 2,313,650 | | |
Johnson Controls International PLC | | | | | 71,703 | | | | | | 2,087,274 | | |
Northrop Grumman Corp. | | | | | 6,389 | | | | | | 2,112,651 | | |
TransDigm Group, Inc. | | | | | 6,037 | | | | | | 2,191,914 | | |
United Airlines Holdings, Inc.* | | | | | 61,271 | | | | | | 1,812,396 | | |
Total Industrials | | | | | | | | | | | 17,084,853 | | |
Information Technology — 25.4% | | ||||||||||||
Accenture PLC, Class A | | | | | 11,841 | | | | | | 2,192,835 | | |
Adobe, Inc.* | | | | | 6,074 | | | | | | 2,148,009 | | |
Amphenol Corp., Class A | | | | | 26,525 | | | | | | 2,341,096 | | |
Broadcom, Inc. | | | | | 8,153 | | | | | | 2,214,518 | | |
Cadence Design Systems, Inc.* | | | | | 29,272 | | | | | | 2,374,837 | | |
Cognizant Technology Solutions Corp., Class A | | | | | 41,599 | | | | | | 2,413,574 | | |
Fiserv, Inc.* | | | | | 20,351 | | | | | | 2,097,374 | | |
FleetCor Technologies, Inc.* | | | | | 10,363 | | | | | | 2,500,074 | | |
Global Payments, Inc. | | | | | 13,403 | | | | | | 2,225,166 | | |
Hewlett Packard Enterprise Co. | | | | | 199,085 | | | | | | 2,002,795 | | |
Intel Corp. | | | | | 35,719 | | | | | | 2,142,426 | | |
International Business Machines Corp. | | | | | 17,426 | | | | | | 2,188,009 | | |
Intuit, Inc. | | | | | 8,405 | | | | | | 2,267,753 | | |
Mastercard, Inc., Class A | | | | | 8,003 | | | | | | 2,200,585 | | |
Microsoft Corp. | | | | | 12,257 | | | | | | 2,196,577 | | |
Motorola Solutions, Inc. | | | | | 14,543 | | | | | | 2,091,429 | | |
Oracle Corp. | | | | | 39,998 | | | | | | 2,118,694 | | |
Palo Alto Networks, Inc.* | | | | | 11,790 | | | | | | 2,316,853 | | |
PayPal Holdings, Inc.* | | | | | 20,191 | | | | | | 2,483,493 | | |
ServiceNow, Inc.* | | | | | 6,745 | | | | | | 2,371,137 | | |
Splunk, Inc.* | | | | | 15,314 | | | | | | 2,149,473 | | |
Synopsys, Inc.* | | | | | 15,010 | | | | | | 2,358,371 | | |
VeriSign, Inc.* | | | | | 10,734 | | | | | | 2,248,666 | | |
Visa, Inc., Class A | | | | | 11,998 | | | | | | 2,144,283 | | |
Workday, Inc., Class A* | | | | | 14,845 | | | | | | 2,284,645 | | |
Total Information Technology | | | | | | | | | | | 56,072,672 | | |
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| | | Shares | | | Value | | ||||||
Common Stocks (continued) | | ||||||||||||
Materials — 1.0% | | ||||||||||||
Air Products and Chemicals, Inc. | | | | | 9,684 | | | | | $ | 2,184,517 | | |
Real Estate — 2.9% | | ||||||||||||
American Tower Corp. | | | | | 8,878 | | | | | | 2,112,964 | | |
Crown Castle International Corp. | | | | | 13,387 | | | | | | 2,134,290 | | |
Realty Income Corp. | | | | | 38,771 | | | | | | 2,129,303 | | |
Total Real Estate | | | | | | | | | | | 6,376,557 | | |
Utilities — 3.8% | | ||||||||||||
American Electric Power Co., Inc. | | | | | 24,170 | | | | | | 2,008,768 | | |
DTE Energy Co. | | | | | 20,355 | | | | | | 2,111,628 | | |
Entergy Corp. | | | | | 20,572 | | | | | | 1,964,832 | | |
Public Service Enterprise Group, Inc. | | | | | 43,044 | | | | | | 2,182,761 | | |
Total Utilities | | | | | | | | | | | 8,267,989 | | |
Total Common Stocks (Cost $209,399,894) | | | | | | | | | | | 220,136,099 | | |
|
| | | Shares | | | Value | | ||||||
Short-Term Investment — 0.1% | | | | | | | | | | | | | |
Money Market Fund — 0.1% | | | | | | | | | | | | | |
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.18%(a) (Cost $322,238) | | | | | 322,238 | | | | | $ | 322,238 | | |
Total Investments — 99.9% (Cost $209,722,132) | | | | | | | | | | | 220,458,337 | | |
Other Assets and Liabilities, Net — 0.1% | | | | | | | | | | | 171,456 | | |
Net Assets — 100.0% | | | | | | | | | | $ | 220,629,793 | | |
Description | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Asset Valuation Inputs | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in Securities:(b) | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks | | | | $ | 220,136,099 | | | | | $ | — | | | | | $ | — | | | | | $ | 220,136,099 | | |
Short-Term Investments: | | | | | | | | | | | | | | | | | | | | | | | | | |
Money Market Funds | | | | | 322,238 | | | | | | — | | | | | | — | | | | | | 322,238 | | |
Total Investments in Securities | | | | $ | 220,458,337 | | | | | $ | — | | | | | $ | — | | | | | $ | 220,458,337 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 730,439,499 | | | | | $ | 3,760,849 | | | | | $ | 19,642,828 | | | | | $ | 11,466,713 | | |
Investments in affiliates, at value | | | | | 99,006,943 | | | | | | 314,997 | | | | | | 1,771,249 | | | | | | 279,689 | | |
Cash | | | | | 8,749 | | | | | | 77 | | | | | | 384 | | | | | | — | | |
Cash deposited at broker for swap collateral | | | | | 2,481,530 | | | | | | — | | | | | | — | | | | | | — | | |
Receivable for investments sold | | | | | 5,914,474 | | | | | | — | | | | | | — | | | | | | — | | |
Due from broker | | | | | 3,524,963 | | | | | | 19,022 | | | | | | 57,468 | | | | | | 88,316 | | |
Securities lending income receivable | | | | | 222,796 | | | | | | 436 | | | | | | 5,001 | | | | | | 2,443 | | |
Dividend receivable | | | | | 378 | | | | | | 1 | | | | | | 6 | | | | | | 8 | | |
Total Assets | | | | | 841,599,332 | | | | | | 4,095,382 | | | | | | 21,476,936 | | | | | | 11,837,169 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 87,019,645 | | | | | | 234,871 | | | | | | 3,346,998 | | | | | | 955,259 | | |
Due to broker | | | | | 8,701,216 | | | | | | 31,935 | | | | | | 167,772 | | | | | | 179,255 | | |
Payable for capital shares repurchased | | | | | 5,886,648 | | | | | | — | | | | | | — | | | | | | — | | |
Advisory fees payable | | | | | 324,177 | | | | | | 1,226 | | | | | | 5,529 | | | | | | 3,343 | | |
Trustee fees payable | | | | | 5,427 | | | | | | 20 | | | | | | 125 | | | | | | 53 | | |
Compliance fees payable | | | | | 194 | | | | | | 1 | | | | | | 5 | | | | | | — | | |
Accrued expenses and other liabilities | | | | | 1,638 | | | | | | 58 | | | | | | 61 | | | | | | 81 | | |
Total Liabilities | | | | | 101,938,945 | | | | | | 268,111 | | | | | | 3,520,490 | | | | | | 1,137,991 | | |
Net Assets | | | | $ | 739,660,387 | | | | | $ | 3,827,271 | | | | | $ | 17,956,446 | | | | | $ | 10,699,178 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 799,539,306 | | | | | $ | 9,333,628 | | | | | $ | 18,235,127 | | | | | $ | 11,288,731 | | |
Total distributable earnings/(accumulated loss) | | | | | (59,878,919) | | | | | | (5,506,357) | | | | | | (278,681) | | | | | | (589,553) | | |
Net Assets | | | | $ | 739,660,387 | | | | | $ | 3,827,271 | | | | | $ | 17,956,446 | | | | | $ | 10,699,178 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 25,150,000 | | | | | | 150,000 | | | | | | 700,000 | | | | | | 500,000 | | |
Net Asset Value Per Share | | | | $ | 29.41 | | | | | $ | 25.52 | | | | | $ | 25.65 | | | | | $ | 21.40 | | |
Investments, at cost | | | | $ | 728,477,768 | | | | | $ | 3,757,757 | | | | | $ | 19,786,537 | | | | | $ | 11,205,064 | | |
Investments in affiliates, at cost | | | | $ | 97,949,259 | | | | | $ | 308,770 | | | | | $ | 1,736,115 | | | | | $ | 274,160 | | |
(a)Market value of securities on loan | | | | $ | 163,756,749 | | | | | $ | 329,299 | | | | | $ | 3,719,092 | | | | | $ | 3,008,322 | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | | IQ Leaders GTAA Tracker ETF | | | IQ Enhanced Core Plus Bond U.S. ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 10,579,380 | | | | | $ | 47,008,206 | | | | | $ | 12,556,273 | | | | | $ | 70,246,456 | | |
Investments in affiliates, at value | | | | | — | | | | | | 12,972,713 | | | | | | — | | | | | | — | | |
Securities lending income receivable | | | | | 3,612 | | | | | | 3,325 | | | | | | 487 | | | | | | 766 | | |
Dividend receivable | | | | | 5 | | | | | | 17 | | | | | | 2 | | | | | | 36 | | |
Due from broker | | | | | — | | | | | | — | | | | | | 72,309 | | | | | | — | | |
Due from advisor | | | | | — | | | | | | — | | | | | | — | | | | | | 2,853 | | |
Total Assets | | | | | 10,582,997 | | | | | | 59,984,261 | | | | | | 12,629,071 | | | | | | 70,250,111 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 2,226,451 | | | | | | 8,787,643 | | | | | | 588,340 | | | | | | 1,243,000 | | |
Advisory fees payable | | | | | 2,728 | | | | | | 8,300 | | | | | | 2,453 | | | | | | 14,265 | | |
Trustee fees payable | | | | | 59 | | | | | | 371 | | | | | | 86 | | | | | | 504 | | |
Compliance fees payable | | | | | 2 | | | | | | 13 | | | | | | 12 | | | | | | 16 | | |
Due to broker | | | | | — | | | | | | — | | | | | | 167,767 | | | | | | — | | |
Accrued expenses and other liabilities | | | | | 59 | | | | | | 127 | | | | | | 68 | | | | | | 72 | | |
Total Liabilities | | | | | 2,229,299 | | | | | | 8,796,454 | | | | | | 758,726 | | | | | | 1,257,857 | | |
Net Assets | | | | $ | 8,353,698 | | | | | $ | 51,187,807 | | | | | $ | 11,870,345 | | | | | $ | 68,992,254 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 8,707,556 | | | | | $ | 53,834,160 | | | | | $ | 15,298,108 | | | | | $ | 84,095,027 | | |
Total distributable earnings/(accumulated loss) | | | | | (353,858) | | | | | | (2,646,353) | | | | | | (3,427,763) | | | | | | (15,102,773) | | |
Net Assets | | | | $ | 8,353,698 | | | | | $ | 51,187,807 | | | | | $ | 11,870,345 | | | | | $ | 68,992,254 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 400,000 | | | | | | 1,900,000 | | | | | | 550,000 | | | | | | 3,450,000 | | |
Net Asset Value Per Share | | | | $ | 20.88 | | | | | $ | 26.94 | | | | | $ | 21.58 | | | | | $ | 20.00 | | |
Investments, at cost | | | | $ | 10,842,233 | | | | | $ | 47,300,124 | | | | | $ | 12,892,421 | | | | | $ | 69,290,477 | | |
Investments in affiliates, at cost | | | | $ | — | | | | | $ | 13,139,883 | | | | | $ | — | | | | | $ | — | | |
(a)Market value of securities on loan | | | | $ | 2,250,175 | | | | | $ | 14,995,441 | | | | | $ | 3,157,133 | | | | | $ | 1,386,262 | | |
| | | IQ Short Duration Enhanced Core Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 4,877,111 | | | | | $ | 51,244,604 | | | | | $ | 716,743,096 | | | | | $ | 22,417,008 | | |
Investments in affiliates, at value | | | | | — | | | | | | — | | | | | | 2,936,934 | | | | | | 1,061,593 | | |
Cash | | | | | — | | | | | | — | | | | | | 5,237,080 | | | | | | — | | |
Foreign currency(b) | | | | | — | | | | | | — | | | | | | 92,450 | | | | | | 993 | | |
Cash deposited at broker for swap collateral | | | | | — | | | | | | — | | | | | | — | | | | | | 28 | | |
Securities lending income receivable | | | | | 62 | | | | | | 278 | | | | | | 10,881 | | | | | | 773 | | |
Due from broker | | | | | — | | | | | | — | | | | | | 20,137 | | | | | | 2,560 | | |
Due from advisor | | | | | 47 | | | | | | — | | | | | | — | | | | | | — | | |
Dividend receivable | | | | | 1 | | | | | | 164 | | | | | | 28,528 | | | | | | 34,592 | | |
Receivable for investments sold | | | | | — | | | | | | 3,940,617 | | | | | | 46,005,121 | | | | | | — | | |
Litigation income receivable | | | | | — | | | | | | — | | | | | | 4,963 | | | | | | — | | |
Interest receivable | | | | | — | | | | | | 682,598 | | | | | | — | | | | | | — | | |
Reclaims receivable | | | | | — | | | | | | — | | | | | | 635 | | | | | | 85,226 | | |
Total Assets | | | | | 4,877,221 | | | | | | 55,868,261 | | | | | | 771,079,825 | | | | | | 23,602,773 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 11,650 | | | | | | 400,640 | | | | | | 14,289,956 | | | | | | 242,458 | | |
Advisory fees payable | | | | | 797 | | | | | | 15,342 | | | | | | 453,525 | | | | | | 14,211 | | |
Trustee fees payable | | | | | 34 | | | | | | 391 | | | | | | 5,415 | | | | | | 185 | | |
Compliance fees payable | | | | | 1 | | | | | | 14 | | | | | | 192 | | | | | | — | | |
Payable for investments purchased | | | | | — | | | | | | 4,156,728 | | | | | | 2,404,418 | | | | | | — | | |
Payable for capital shares repurchased | | | | | — | | | | | | — | | | | | | 3,152,900 | | | | | | — | | |
Due to broker | | | | | — | | | | | | — | | | | | | 27,191,080 | | | | | | 397,372 | | |
Accrued expenses and other liabilities | | | | | 59 | | | | | | 428 | | | | | | 565 | | | | | | 191 | | |
Total Liabilities | | | | | 12,541 | | | | | | 4,573,543 | | | | | | 47,498,051 | | | | | | 654,417 | | |
Net Assets | | | | $ | 4,864,680 | | | | | $ | 51,294,718 | | | | | $ | 723,581,774 | | | | | $ | 22,948,356 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 5,147,616 | | | | | $ | 55,796,542 | | | | | $ | 781,715,589 | | | | | $ | 85,564,879 | | |
Total distributable earnings/(accumulated loss) | | | | | (282,936) | | | | | | (4,501,824) | | | | | | (58,133,815) | | | | | | (62,616,523) | | |
Net Assets | | | | $ | 4,864,680 | | | | | $ | 51,294,718 | | | | | $ | 723,581,774 | | | | | $ | 22,948,356 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 200,000 | | | | | | 2,150,000 | | | | | | 22,950,000 | | | | | | 950,000 | | |
Net Asset Value Per Share | | | | $ | 24.32 | | | | | $ | 23.86 | | | | | $ | 31.53 | | | | | $ | 24.16 | | |
Investments, at cost | | | | $ | 4,864,917 | | | | | $ | 51,807,004 | | | | | $ | 794,415,973 | | | | | $ | 26,144,474 | | |
Investments in affiliates, at cost | | | | $ | — | | | | | $ | — | | | | | $ | 2,919,930 | | | | | $ | 1,064,329 | | |
(a)Market value of securities on loan | | | | $ | 11,399 | | | | | $ | 531,180 | | | | | $ | 31,273,273 | | | | | $ | 380,569 | | |
(b)Cost of foreign currency | | | | $ | — | | | | | $ | — | | | | | $ | 91,384 | | | | | $ | 997 | | |
| | | IQ Global Agribusiness Small Cap ETF | | | IQ U.S. Real Estate Small Cap ETF | | | IQ 500 International ETF | | | IQ 50 Percent Hedged FTSE International ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 7,644,356 | | | | | $ | 41,597,349 | | | | | $ | 229,771,267 | | | | | $ | 258,595,663 | | |
Foreign currency(b) | | | | | 372 | | | | | | — | | | | | | 74,139 | | | | | | 201,276 | | |
Dividend receivable | | | | | 40,478 | | | | | | 77,042 | | | | | | 1,211,198 | | | | | | 1,072,187 | | |
Securities lending income receivable | | | | | 641 | | | | | | 1,891 | | | | | | 7,785 | | | | | | 4,689 | | |
Reclaims receivable | | | | | 105 | | | | | | — | | | | | | 179,230 | | | | | | 768,573 | | |
Receivable for investments sold | | | | | — | | | | | | 893,730 | | | | | | 11,450,934 | | | | | | — | | |
Receivable for capital shares transactions | | | | | — | | | | | | — | | | | | | — | | | | | | 8,050 | | |
Due from advisor | | | | | — | | | | | | — | | | | | | 2,936 | | | | | | 34,566 | | |
Unrealized appreciation on forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | 273,137 | | |
Total Assets | | | | | 7,685,952 | | | | | | 42,570,012 | | | | | | 242,697,489 | | | | | | 260,958,141 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 528,622 | | | | | | 947,367 | | | | | | 9,440,603 | | | | | | 8,900,910 | | |
Cash due to custodian | | | | | 27,754 | | | | | | 4,238 | | | | | | 452,704 | | | | | | 1,146,086 | | |
Advisory fees payable | | | | | 4,132 | | | | | | 21,539 | | | | | | 42,628 | | | | | | 70,761 | | |
Trustee fees payable | | | | | 59 | | | | | | 389 | | | | | | 1,499 | | | | | | 1,801 | | |
Compliance fees payable | | | | | 2 | | | | | | 11 | | | | | | 58 | | | | | | 68 | | |
Payable for investments purchased | | | | | — | | | | | | — | | | | | | 14,308,377 | | | | | | — | | |
Payable for capital shares repurchased | | | | | — | | | | | | 894,064 | | | | | | — | | | | | | — | | |
Due to broker | | | | | — | | | | | | — | | | | | | 119 | | | | | | 2,776 | | |
Unrealized depreciation on forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | 1,258,694 | | |
Accrued expenses and other liabilities | | | | | 60 | | | | | | 85 | | | | | | 237 | | | | | | 2,248 | | |
Total Liabilities | | | | | 560,629 | | | | | | 1,867,693 | | | | | | 24,246,225 | | | | | | 11,383,344 | | |
Net Assets | | | | $ | 7,125,323 | | | | | $ | 40,702,319 | | | | | $ | 218,451,264 | | | | | $ | 249,574,797 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 15,815,281 | | | | | $ | 66,204,257 | | | | | $ | 272,599,488 | | | | | $ | 313,998,749 | | |
Total distributable earnings/(accumulated loss) | | | | | (8,689,958) | | | | | | (25,501,938) | | | | | | (54,148,224) | | | | | | (64,423,952) | | |
Net Assets | | | | $ | 7,125,323 | | | | | $ | 40,702,319 | | | | | $ | 218,451,264 | | | | | $ | 249,574,797 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 250,000 | | | | | | 2,350,000 | | | | | | 9,800,000 | | | | | | 13,850,000 | | |
Net Asset Value Per Share | | | | $ | 28.50 | | | | | $ | 17.32 | | | | | $ | 22.29 | | | | | $ | 18.02 | | |
Investments, at cost | | | | $ | 8,269,168 | | | | | $ | 60,228,204 | | | | | $ | 284,601,935 | | | | | $ | 320,625,262 | | |
(a)Market value of securities on loan | | | | $ | 1,004,606 | | | | | $ | 6,683,363 | | | | | $ | 8,946,555 | | | | | $ | 9,313,923 | | |
(b)Cost of foreign currency | | | | $ | 368 | | | | | $ | — | | | | | $ | 73,649 | | | | | $ | 200,258 | | |
| | | IQ 50 Percent Hedged FTSE Europe ETF | | | IQ 50 Percent Hedged FTSE Japan ETF | | | IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG U.S. Equity ETF | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 8,060,313 | | | | | $ | 7,731,074 | | | | | $ | 46,637,860 | | | | | $ | 6,031,587 | | |
Foreign currency(b) | | | | | 5,981 | | | | | | 2,635 | | | | | | 28,950 | | | | | | — | | |
Reclaims receivable | | | | | 245,705 | | | | | | — | | | | | | 11,828 | | | | | | — | | |
Dividend receivable | | | | | 14,880 | | | | | | 82,912 | | | | | | 51,416 | | | | | | 6,255 | | |
Unrealized appreciation on forward foreign currency contracts | | | | | 5,759 | | | | | | 103 | | | | | | — | | | | | | — | | |
Due from advisor | | | | | 964 | | | | | | 959 | | | | | | 85 | | | | | | 84 | | |
Securities lending income receivable | | | | | 188 | | | | | | 54 | | | | | | 91 | | | | | | 12 | | |
Receivable for investments sold | | | | | — | | | | | | 28,202 | | | | | | — | | | | | | — | | |
Total Assets | | | | | 8,333,790 | | | | | | 7,845,939 | | | | | | 46,730,230 | | | | | | 6,037,938 | | |
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 371,799 | | | | | | 84,985 | | | | | | 531,802 | | | | | | 3,669 | | |
Cash due to custodian | | | | | 235,143 | | | | | | 59,708 | | | | | | — | | | | | | — | | |
Payable for investments purchased | | | | | 27,267 | | | | | | — | | | | | | — | | | | | | — | | |
Unrealized depreciation on forward foreign currency contracts | | | | | 20,099 | | | | | | 31,276 | | | | | | — | | | | | | — | | |
Advisory fees payable | | | | | 2,709 | | | | | | 2,709 | | | | | | 2,133 | | | | | | 419 | | |
Trustee fees payable | | | | | 1,990 | | | | | | 53 | | | | | | 86 | | | | | | 44 | | |
Compliance fees payable | | | | | 94 | | | | | | 4 | | | | | | 3 | | | | | | 1 | | |
Due to broker | | | | | — | | | | | | 9 | | | | | | 4 | | | | | | — | | |
Accrued expenses and other liabilities | | | | | 111 | | | | | | 60 | | | | | | 63 | | | | | | 58 | | |
Total Liabilities | | | | | 659,212 | | | | | | 178,804 | | | | | | 534,091 | | | | | | 4,191 | | |
Net Assets | | | | $ | 7,674,578 | | | | | $ | 7,667,135 | | | | | $ | 46,196,139 | | | | | $ | 6,033,747 | | |
Composition of Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 12,283,467 | | | | | $ | 9,879,939 | | | | | $ | 46,491,761 | | | | | $ | 6,306,959 | | |
Total distributable earnings/(accumulated loss) | | | | | (4,608,889) | | | | | | (2,212,804) | | | | | | (295,622) | | | | | | (273,212) | | |
Net Assets | | | | $ | 7,674,578 | | | | | $ | 7,667,135 | | | | | $ | 46,196,139 | | | | | $ | 6,033,747 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 450,000 | | | | | | 400,000 | | | | | | 2,200,000 | | | | | | 250,000 | | |
Net Asset Value Per Share | | | | $ | 17.05 | | | | | $ | 19.17 | | | | | $ | 21.00 | | | | | $ | 24.13 | | |
Investments, at cost | | | | $ | 10,428,268 | | | | | $ | 8,220,967 | | | | | $ | 46,978,586 | | | | | $ | 6,294,639 | | |
(a)Market value of securities on loan | | | | $ | 344,343 | | | | | $ | 89,748 | | | | | $ | 540,365 | | | | | $ | 169,347 | | |
(b)Cost of foreign currency | | | | $ | 5,934 | | | | | $ | 2,599 | | | | | $ | 29,008 | | | | | $ | — | | |
| | | IQ Chaikin U.S. Small Cap ETF | | | IQ Chaikin U.S. Large Cap ETF | | ||||||
Assets | | | | | | | | | | | | | |
Investments, at value (including securities on loan)(a) | | | | $ | 106,144,467 | | | | | $ | 220,458,337 | | |
Dividend receivable | | | | | 42,752 | | | | | | 213,350 | | |
Securities lending income receivable | | | | | 11,326 | | | | | | 134 | | |
Total Assets | | | | | 106,198,545 | | | | | | 220,671,821 | | |
Liabilities | | | | | | | | | | | | | |
Collateral for investments on loan | | | | | 3,062,369 | | | | | | — | | |
Advisory fees payable | | | | | 27,083 | | | | | | 40,103 | | |
Trustee fees payable | | | | | 704 | | | | | | 1,598 | | |
Compliance fees payable | | | | | 25 | | | | | | 73 | | |
Accrued expenses and other liabilities | | | | | 116 | | | | | | 254 | | |
Total Liabilities | | | | | 3,090,297 | | | | | | 42,028 | | |
Net Assets | | | | $ | 103,108,248 | | | | | $ | 220,629,793 | | |
Composition of Net Assets | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 179,985,930 | | | | | $ | 285,801,744 | | |
Total distributable earnings/(accumulated loss) | | | | | (76,877,682) | | | | | | (65,171,951) | | |
Net Assets | | | | $ | 103,108,248 | | | | | $ | 220,629,793 | | |
NET ASSET VALUE PER SHARE | | | | | | | | | | | | | |
Shares Outstanding (no par value, unlimited shares authorized) | | | | | 5,150,000 | | | | | | 10,050,000 | | |
Net Asset Value Per Share | | | | $ | 20.02 | | | | | $ | 21.95 | | |
Investments, at cost | | | | $ | 102,418,995 | | | | | $ | 209,722,132 | | |
(a)Market value of securities on loan | | | | $ | 9,665,767 | | | | | $ | — | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income | | | | $ | 23,917,266 | | | | | $ | 119,268 | | | | | $ | 405,715 | | | | | $ | 192,479 | | |
Dividend Income from affiliates | | | | | 121,045 | | | | | | — | | | | | | — | | | | | | — | | |
Securities lending income, net of borrower rebates | | | | | 1,338,527 | | | | | | 7,083 | | | | | | 22,547 | | | | | | 10,498 | | |
Total investment income | | | | | 25,376,838 | | | | | | 126,351 | | | | | | 428,262 | | | | | | 202,977 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 6,283,817 | | | | | | 35,558 | | | | | | 111,287 | | | | | | 53,170 | | |
Trustee fees | | | | | 53,285 | | | | | | 304 | | | | | | 955 | | | | | | 433 | | |
Legal fees | | | | | 37,335 | | | | | | 204 | | | | | | 646 | | | | | | 337 | | |
Compliance fees | | | | | 2,645 | | | | | | 15 | | | | | | 44 | | | | | | 19 | | |
Miscellaneous | | | | | 1,143 | | | | | | 19 | | | | | | 57 | | | | | | 58 | | |
Total expenses | | | | | 6,378,225 | | | | | | 36,100 | | | | | | 112,989 | | | | | | 54,017 | | |
Waivers/Reimbursement (See Note 3) | | | | | (1,843,444) | | | | | | (10,619) | | | | | | (34,906) | | | | | | (17,906) | | |
Net expenses | | | | | 4,534,781 | | | | | | 25,481 | | | | | | 78,083 | | | | | | 36,111 | | |
Net investment income | | | | | 20,842,057 | | | | | | 100,870 | | | | | | 350,179 | | | | | | 166,866 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (24,409,349) | | | | | | (143,106) | | | | | | (55,102) | | | | | | (579,531) | | |
In-Kind redemptions | | | | | 7,836,837 | | | | | | 54,550 | | | | | | 70,934 | | | | | | 208,797 | | |
Swap transactions | | | | | (162,241) | | | | | | 7,567 | | | | | | (2,626) | | | | | | 18,064 | | |
Distributions by other investment companies | | | | | 528 | | | | | | — | | | | | | — | | | | | | — | | |
Net realized gain (loss) | | | | | (16,734,225) | | | | | | (80,989) | | | | | | 13,206 | | | | | | (352,670) | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (12,595,811) | | | | | | (44,333) | | | | | | (336,826) | | | | | | 163,059 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (12,595,811) | | | | | | (44,333) | | | | | | (336,826) | | | | | | 163,059 | | |
Net realized and unrealized gain (loss) | | | | | (29,330,036) | | | | | | (125,322) | | | | | | (323,620) | | | | | | (189,611) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (8,487,979) | | | | | $ | (24,452) | | | | | $ | 26,559 | | | | | $ | (22,745) | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | | IQ Leaders GTAA Tracker ETF | | | IQ Enhanced Core Plus Bond U.S. ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income | | | | $ | 216,787 | | | | | $ | 1,019,921 | | | | | $ | 1,113,697 | | | | | $ | 3,345,668 | | |
Dividend income from affiliates | | | | | — | | | | | | 132,327 | | | | | | — | | | | | | — | | |
Securities lending income, net of borrower rebates | | | | | 12,935 | | | | | | 38,972 | | | | | | 15,894 | | | | | | 26,338 | | |
Total investment income | | | | | 229,722 | | | | | | 1,191,220 | | | | | | 1,129,591 | | | | | | 3,372,006 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 43,345 | | | | | | 264,346 | | | | | | 138,842 | | | | | | 270,783 | | |
Trustee fees | | | | | 371 | | | | | | 3,488 | | | | | | 1,940 | | | | | | 6,831 | | |
Legal fees | | | | | 271 | | | | | | 2,177 | | | | | | 1,324 | | | | | | 6,258 | | |
Compliance fees | | | | | 17 | | | | | | 166 | | | | | | 100 | | | | | | 324 | | |
Miscellaneous | | | | | 57 | | | | | | 27 | | | | | | 57 | | | | | | 171 | | |
Total expenses | | | | | 44,061 | | | | | | 270,204 | | | | | | 142,263 | | | | | | 284,367 | | |
Waivers/Reimbursement (See Note 3) | | | | | (15,348) | | | | | | (154,202) | | | | | | (70,579) | | | | | | (54,154) | | |
Net expenses | | | | | 28,713 | | | | | | 116,002 | | | | | | 71,684 | | | | | | 230,213 | | |
Net investment income | | | | | 201,009 | | | | | | 1,075,218 | | | | | | 1,057,907 | | | | | | 3,141,793 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (87,955) | | | | | | (532,472) | | | | | | (897,730) | | | | | | 3,991,708 | | |
Investment in affiliates | | | | | — | | | | | | (4,907) | | | | | | — | | | | | | — | | |
In-Kind redemptions | | | | | (44,036) | | | | | | 41,842 | | | | | | 2,443,760 | | | | | | 2,000,037 | | |
Affiliates in-kind redemptions | | | | | — | | | | | | (11,091) | | | | | | — | | | | | | — | | |
Swap transactions | | | | | 2,647 | | | | | | — | | | | | | (387,021) | | | | | | — | | |
Distributions by other investment companies | | | | | — | | | | | | 6,299 | | | | | | — | | | | | | — | | |
Net realized gain (loss) | | | | | (129,344) | | | | | | (500,329) | | | | | | 1,159,009 | | | | | | 5,991,745 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (341,340) | | | | | | (976,529) | | | | | | (1,997,857) | | | | | | (1,318,948) | | |
Investment in affiliates | | | | | — | | | | | | (167,170) | | | | | | — | | | | | | — | | |
Net change in net unrealized appreciation (depreciation) | | | | | (341,340) | | | | | | (1,143,699) | | | | | | (1,997,857) | | | | | | (1,318,948) | | |
Net realized and unrealized gain (loss) | | | | | (470,684) | | | | | | (1,644,028) | | | | | | (838,848) | | | | | | 4,672,797 | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (269,675) | | | | | $ | (568,810) | | | | | $ | 219,059 | | | | | $ | 7,814,590 | | |
| | | IQ Short Duration Enhanced Core Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 237,532 | | | | | $ | 5,225 | | | | | $ | 10,392,256 | | | | | $ | 3,552,307 | | |
Dividend income from affiliates | | | | | — | | | | | | — | | | | | | 63,624 | | | | | | 15,397 | | |
Interest income | | | | | — | | | | | | 2,790,296 | | | | | | — | | | | | | — | | |
Securities lending income, net of borrower rebates | | | | | 2,613 | | | | | | 4,927 | | | | | | 400,436 | | | | | | 26,905 | | |
Total investment income | | | | | 240,145 | | | | | | 2,800,448 | | | | | | 10,856,316 | | | | | | 3,594,609 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 15,938 | | | | | | 252,155 | | | | | | 6,882,342 | | | | | | 832,807 | | |
Trustee fees | | | | | 515 | | | | | | 4,020 | | | | | | 58,247 | | | | | | 6,929 | | |
Legal fees | | | | | 151 | | | | | | 2,656 | | | | | | 40,661 | | | | | | 4,678 | | |
Compliance fees | | | | | 24 | | | | | | 197 | | | | | | 2,695 | | | | | | 320 | | |
Excise tax fees | | | | | 8 | | | | | | — | | | | | | — | | | | | | — | | |
Miscellaneous | | | | | 22 | | | | | | 386 | | | | | | 171 | | | | | | 57 | | |
Total expenses | | | | | 16,658 | | | | | | 259,414 | | | | | | 6,984,116 | | | | | | 844,791 | | |
Waivers/Reimbursement (See Note 3) | | | | | (880) | | | | | | (7,260) | | | | | | — | | | | | | — | | |
Net expenses | | | | | 15,778 | | | | | | 252,154 | | | | | | 6,984,116 | | | | | | 844,791 | | |
Net investment income | | | | | 224,367 | | | | | | 2,548,294 | | | | | | 3,872,200 | | | | | | 2,749,818 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (298,719) | | | | | | (965,015) | | | | | | (9,427,943) | | | | | | (8,252,416) | | |
Investment in affiliates | | | | | — | | | | | | — | | | | | | (7,456) | | | | | | 3,703 | | |
In-Kind redemptions | | | | | 208,153 | | | | | | (1,385,161) | | | | | | 34,512,903 | | | | | | 11,160,857 | | |
Affiliates in-kind redemptions | | | | | — | | | | | | — | | | | | | (6,229) | | | | | | (2,123) | | |
Swap transactions | | | | | — | | | | | | — | | | | | | 58,327,608 | | | | | | (1,057,162) | | |
Distributions by other investment companies | | | | | 81 | | | | | | — | | | | | | 676 | | | | | | 584 | | |
Foreign currency transactions | | | | | — | | | | | | — | | | | | | (696,743) | | | | | | (16,580) | | |
Net realized gain (loss) | | | | | (90,485) | | | | | | (2,350,176) | | | | | | 82,702,816 | | | | | | 1,836,863 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (21,573) | | | | | | (1,115,683) | | | | | | (95,328,921) | | | | | | (5,664,336) | | |
Investment in affiliates | | | | | — | | | | | | — | | | | | | 17,004 | | | | | | (2,736) | | |
Foreign currency translations | | | | | — | | | | | | — | | | | | | 18,047 | | | | | | 2,727 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (21,573) | | | | | | (1,115,683) | | | | | | (95,293,870) | | | | | | (5,664,345) | | |
Net realized and unrealized gain (loss) | | | | | (112,058) | | | | | | (3,465,859) | | | | | | (12,591,054) | | | | | | (3,827,482) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | 112,309 | | | | | $ | (917,565) | | | | | $ | (8,718,854) | | | | | $ | (1,077,664) | | |
*Net of foreign taxes withheld of: | | | | $ | — | | | | | $ | — | | | | | $ | 277,597 | | | | | $ | 197,601 | | |
| | | IQ Global Agribusiness Small Cap ETF | | | IQ U.S. Real Estate Small Cap ETF | | | IQ 500 International ETF | | | IQ 50 Percent Hedged FTSE International ETF | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 124,406 | | | | | $ | 2,104,117 | | | | | $ | 4,533,455 | | | | | $ | 7,764,626 | | |
Non cash dividend income | | | | | 90,218 | | | | | | — | | | | | | — | | | | | | — | | |
Securities lending income, net of borrower rebates | | | | | 14,206 | | | | | | 42,864 | | | | | | 54,470 | | | | | | 43,457 | | |
Total investment income | | | | | 228,830 | | | | | | 2,146,981 | | | | | | 4,587,925 | | | | | | 7,808,083 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 60,565 | | | | | | 432,887 | | | | | | 374,289 | | | | | | 917,703 | | |
Trustee fees | | | | | 519 | | | | | | 4,063 | | | | | | 9,529 | | | | | | 16,523 | | |
Legal fees | | | | | 355 | | | | | | 2,725 | | | | | | 7,189 | | | | | | 11,498 | | |
Compliance fees | | | | | 25 | | | | | | 189 | | | | | | 437 | | | | | | 809 | | |
Miscellaneous | | | | | 57 | | | | | | 57 | | | | | | 30 | | | | | | 4,198 | | |
Total expenses | | | | | 61,521 | | | | | | 439,921 | | | | | | 391,474 | | | | | | 950,731 | | |
Waivers/Reimbursement (See Note 3) | | | | | — | | | | | | — | | | | | | (17,185) | | | | | | (426,263) | | |
Net expenses | | | | | 61,521 | | | | | | 439,921 | | | | | | 374,289 | | | | | | 524,468 | | |
Net investment income | | | | | 167,309 | | | | | | 1,707,060 | | | | | | 4,213,636 | | | | | | 7,283,615 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (825,740) | | | | | | (3,653,475) | | | | | | (1,591,021) | | | | | | (3,449,246) | | |
In-Kind redemptions | | | | | 379,457 | | | | | | 1,032,248 | | | | | | 6,435,960 | | | | | | (6,299,436) | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | 6,197,986 | | |
Foreign currency transactions | | | | | (1,461) | | | | | | — | | | | | | (35,095) | | | | | | (71,958) | | |
Net realized gain (loss) | | | | | (447,744) | | | | | | (2,621,227) | | | | | | 4,809,844 | | | | | | (3,622,654) | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (697,998) | | | | | | (15,279,064) | | | | | | (60,107,279) | | | | | | (41,276,141) | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | (2,213,145) | | |
Foreign currency translations | | | | | 722 | | | | | | — | | | | | | 9,505 | | | | | | 47,717 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (697,276) | | | | | | (15,279,064) | | | | | | (60,097,774) | | | | | | (43,441,569) | | |
Net realized and unrealized gain (loss) | | | | | (1,145,020) | | | | | | (17,900,291) | | | | | | (55,287,930) | | | | | | (47,064,223) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (977,711) | | | | | $ | (16,193,231) | | | | | $ | (51,074,294) | | | | | $ | (39,780,608) | | |
*Net of foreign taxes withheld of: | | | | $ | 8,920 | | | | | $ | — | | | | | $ | 544,328 | | | | | $ | 772,828 | | |
| | | IQ 50 Percent Hedged FTSE Europe ETF | | | IQ 50 Percent Hedged FTSE Japan ETF | | | IQ Candriam ESG International Equity ETF** | | | IQ Candriam ESG U.S. Equity ETF** | | ||||||||||||
Investment Income | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividend income* | | | | $ | 260,907 | | | | | $ | 141,643 | | | | | $ | 149,528 | | | | | $ | 41,716 | | |
Securities lending income, net of borrower rebates | | | | | 2,365 | | | | | | 626 | | | | | | 152 | | | | | | 25 | | |
Total investment income | | | | | 263,272 | | | | | | 142,269 | | | | | | 149,680 | | | | | | 41,741 | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 39,190 | | | | | | 23,608 | | | | | | 6,699 | | | | | | 2,134 | | |
Legal fees | | | | | 379 | | | | | | 218 | | | | | | 231 | | | | | | 151 | | |
Trustee fees | | | | | — | | | | | | 339 | | | | | | 291 | | | | | | 178 | | |
Compliance fees | | | | | — | | | | | | 18 | | | | | | 18 | | | | | | 13 | | |
Miscellaneous | | | | | 121 | | | | | | 57 | | | | | | 57 | | | | | | 57 | | |
Total expenses | | | | | 39,690 | | | | | | 24,240 | | | | | | 7,296 | | | | | | 2,533 | | |
Waivers/Reimbursement (See Note 3) | | | | | (13,564) | | | | | | (8,626) | | | | | | (597) | | | | | | (399) | | |
Net expenses | | | | | 26,126 | | | | | | 15,614 | | | | | | 6,699 | | | | | | 2,134 | | |
Net investment income | | | | | 237,146 | | | | | | 126,655 | | | | | | 142,981 | | | | | | 39,607 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (119,896) | | | | | | (72,933) | | | | | | (45,206) | | | | | | (18,964) | | |
In-Kind redemptions | | | | | — | | | | | | 296,543 | | | | | | — | | | | | | 73,167 | | |
Forward foreign currency contracts | | | | | 212,939 | | | | | | (74,952) | | | | | | — | | | | | | — | | |
Foreign currency transactions | | | | | (1,609) | | | | | | 2,831 | | | | | | (2,409) | | | | | | — | | |
Net realized gain (loss) | | | | | 91,434 | | | | | | 151,489 | | | | | | (47,615) | | | | | | 54,203 | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities | | | | | (1,275,728) | | | | | | (489,108) | | | | | | (340,726) | | | | | | (263,052) | | |
Forward foreign currency contracts | | | | | (43,278) | | | | | | (56,090) | | | | | | — | | | | | | — | | |
Foreign currency translations | | | | | 5,554 | | | | | | 1,128 | | | | | | 642 | | | | | | — | | |
Net change in net unrealized appreciation (depreciation) | | | | | (1,313,452) | | | | | | (544,070) | | | | | | (340,084) | | | | | | (263,052) | | |
Net realized and unrealized gain (loss) | | | | | (1,222,018) | | | | | | (392,581) | | | | | | (387,699) | | | | | | (208,849) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (984,872) | | | | | $ | (265,926) | | | | | $ | (244,718) | | | | | $ | (169,242) | | |
*Net of foreign taxes withheld of: | | | | $ | 29,980 | | | | | $ | 19,285 | | | | | $ | 20,463 | | | | | $ | 123 | | |
| | | IQ Chaikin U.S. Small Cap ETF | | | IQ Chaikin U.S. Large Cap ETF | | ||||||
Investment Income | | | | | | | | | | | | | |
Dividend income | | | | $ | 3,035,471 | | | | | $ | 6,741,651 | | |
Securities lending income, net of borrower rebates | | | | | 93,263 | | | | | | 22,189 | | |
Total investment income | | | | | 3,128,734 | | | | | | 6,763,840 | | |
Expenses | | | | | | | | | | | | | |
Advisory fees (See Note 3) | | | | | 733,348 | | | | | | 649,586 | | |
Trustee fees | | | | | 13,148 | | | | | | 16,444 | | |
Legal fees | | | | | 8,859 | | | | | | 11,358 | | |
Compliance fees | | | | | 654 | | | | | | 814 | | |
Miscellaneous | | | | | 57 | | | | | | 57 | | |
Total expenses | | | | | 756,066 | | | | | | 678,259 | | |
Waivers/Reimbursement (See Note 3) | | | | | (22,718) | | | | | | (28,673) | | |
Net expenses | | | | | 733,348 | | | | | | 649,586 | | |
Net investment income | | | | | 2,395,386 | | | | | | 6,114,254 | | |
Realized and Unrealized Gain (Loss) | | | | | | | | | | | | | |
Net realized gain (loss) from: | | | | | | | | | | | | | |
Investment securities | | | | | (40,428,542) | | | | | | (55,360,874) | | |
In-Kind redemptions | | | | | 1,742,976 | | | | | | 12,324,188 | | |
Net realized gain (loss) | | | | | (38,685,566) | | | | | | (43,036,686) | | |
Net change in net unrealized appreciation (depreciation) on: | | | | | | | | | | | | | |
Investment securities | | | | | 5,130,703 | | | | | | 18,023,957 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 5,130,703 | | | | | | 18,023,957 | | |
Net realized and unrealized gain (loss) | | | | | (33,554,863) | | | | | | (25,012,729) | | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | | | $ | (31,159,477) | | | | | $ | (18,898,475) | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 20,842,057 | | | | | $ | 27,444,698 | | | | | $ | 100,870 | | | | | $ | 107,189 | | |
Net realized gain (loss) | | | | | (16,734,225) | | | | | | 6,420,920 | | | | | | (80,989) | | | | | | 40,190 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (12,595,811) | | | | | | (14,845,687) | | | | | | (44,333) | | | | | | (113,656) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (8,487,979) | | | | | | 19,019,931 | | | | | | (24,452) | | | | | | 33,723 | | |
Distributions to Shareholders | | | | | (16,163,950) | | | | | | (24,498,116) | | | | | | (54,164) | | | | | | (69,928) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 108,741,902 | | | | | | 331,859,370 | | | | | | — | | | | | | — | | |
Cost of shares redeemed | | | | | (337,851,658) | | | | | | (457,237,241) | | | | | | (1,345,577) | | | | | | (1,299,990) | | |
Net increase (decrease) from capital share transactions | | | | | (229,109,756) | | | | | | (125,377,871) | | | | | | (1,345,577) | | | | | | (1,299,990) | | |
Total increase (decrease) in net assets | | | | | (253,761,685) | | | | | | (130,856,056) | | | | | | (1,424,193) | | | | | | (1,336,195) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 993,422,072 | | | | | | 1,124,278,128 | | | | | | 5,251,464 | | | | | | 6,587,659 | | |
End of year | | | | $ | 739,660,387 | | | | | $ | 993,422,072 | | | | | $ | 3,827,271 | | | | | $ | 5,251,464 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 32,800,000 | | | | | | 37,000,000 | | | | | | 200,000 | | | | | | 250,000 | | |
Shares created | | | | | 3,600,000 | | | | | | 11,150,000 | | | | | | — | | | | | | — | | |
Shares redeemed | | | | | (11,250,000) | | | | | | (15,350,000) | | | | | | (50,000) | | | | | | (50,000) | | |
Shares outstanding, end of year | | | | | 25,150,000 | | | | | | 32,800,000 | | | | | | 150,000 | | | | | | 200,000 | | |
| | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/Short Tracker ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 350,179 | | | | | $ | 298,477 | | | | | $ | 166,866 | | | | | $ | 137,765 | | |
Net realized gain (loss) | | | | | 13,206 | | | | | | 47,378 | | | | | | (352,670) | | | | | | 252,729 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (336,826) | | | | | | 75,237 | | | | | | 163,059 | | | | | | (1,818) | | |
Net increase (decrease) in net assets resulting from operations | | | | | 26,559 | | | | | | 421,092 | | | | | | (22,745) | | | | | | 388,676 | | |
Distributions to Shareholders | | | | | (239,729) | | | | | | — | | | | | | (123,690) | | | | | | (190,276) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 5,068,994 | | | | | | 3,815,609 | | | | | | 8,803,502 | | | | | | 6,294,199 | | |
Cost of shares redeemed | | | | | (2,639,984) | | | | | | (1,286,386) | | | | | | (4,417,086) | | | | | | (8,797,572) | | |
Net increase (decrease) from capital share transactions | | | | | 2,429,010 | | | | | | 2,529,223 | | | | | | 4,386,416 | | | | | | (2,503,373) | | |
Total increase (decrease) in net assets | | | | | 2,215,840 | | | | | | 2,950,315 | | | | | | 4,239,981 | | | | | | (2,304,973) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 15,740,606 | | | | | | 12,790,291 | | | | | | 6,459,197 | | | | | | 8,764,170 | | |
End of year | | | | $ | 17,956,446 | | | | | $ | 15,740,606 | | | | | $ | 10,699,178 | | | | | $ | 6,459,197 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 600,000 | | | | | | 500,000 | | | | | | 300,000 | | | | | | 400,001 | | |
Shares created | | | | | 200,000 | | | | | | 150,000 | | | | | | 400,000 | | | | | | 300,000 | | |
Shares redeemed | | | | | (100,000) | | | | | | (50,000) | | | | | | (200,000) | | | | | | (400,001) | | |
Shares outstanding, end of year | | | | | 700,000 | | | | | | 600,000 | | | | | | 500,000 | | | | | | 300,000 | | |
| | | IQ Hedge Event-Driven Tracker ETF | | | IQ Real Return ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 201,009 | | | | | $ | 117,555 | | | | | $ | 1,075,218 | | | | | $ | 932,976 | | |
Net realized gain (loss) | | | | | (129,344) | | | | | | 53,460 | | | | | | (500,329) | | | | | | (412,021) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (341,340) | | | | | | 31,980 | | | | | | (1,143,699) | | | | | | 791,516 | | |
Net increase (decrease) in net assets resulting from operations | | | | | (269,675) | | | | | | 202,995 | | | | | | (568,810) | | | | | | 1,312,471 | | |
Distributions to Shareholders | | | | | (157,392) | | | | | | (129,849) | | | | | | (1,185,760) | | | | | | (730,380) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 8,619,767 | | | | | | 3,148,412 | | | | | | — | | | | | | 13,889,918 | | |
Cost of shares redeemed | | | | | (4,091,994) | | | | | | (2,107,542) | | | | | | (4,103,526) | | | | | | (2,745,538) | | |
Net increase (decrease) from capital share transactions | | | | | 4,527,773 | | | | | | 1,040,870 | | | | | | (4,103,526) | | | | | | 11,144,380 | | |
Total increase (decrease) in net assets | | | | | 4,100,706 | | | | | | 1,114,016 | | | | | | (5,858,096) | | | | | | 11,726,471 | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 4,252,992 | | | | | | 3,138,976 | | | | | | 57,045,903 | | | | | | 45,319,432 | | |
End of year | | | | $ | 8,353,698 | | | | | $ | 4,252,992 | | | | | $ | 51,187,807 | | | | | $ | 57,045,903 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 200,000 | | | | | | 150,001 | | | | | | 2,050,000 | | | | | | 1,650,000 | | |
Shares created | | | | | 400,000 | | | | | | 150,000 | | | | | | — | | | | | | 500,000 | | |
Shares redeemed | | | | | (200,000) | | | | | | (100,001) | | | | | | (150,000) | | | | | | (100,000) | | |
Shares outstanding, end of year | | | | | 400,000 | | | | | | 200,000 | | | | | | 1,900,000 | | | | | | 2,050,000 | | |
| | | IQ Leaders GTAA Tracker ETF | | | IQ Enhanced Core Plus Bond U.S. ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 1,057,907 | | | | | $ | 1,247,890 | | | | | $ | 3,141,793 | | | | | $ | 6,848,227 | | |
Net realized gain (loss) | | | | | 1,159,009 | | | | | | (949,585) | | | | | | 5,991,745 | | | | | | (9,439,938) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (1,997,857) | | | | | | 1,222,240 | | | | | | (1,318,948) | | | | | | 10,039,022 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 219,059 | | | | | | 1,520,545 | | | | | | 7,814,590 | | | | | | 7,447,311 | | |
Distributions to Shareholders | | | | | (1,040,313) | | | | | | (1,367,155) | | | | | | (3,150,736) | | | | | | (6,882,062) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 15,726,428 | | | | | | 7,161,649 | | | | | | 10,759,163 | | | | | | 25,593,390 | | |
Cost of shares redeemed | | | | | (46,710,246) | | | | | | (13,112,399) | | | | | | (102,924,698) | | | | | | (203,654,352) | | |
Net increase (decrease) from capital share transactions | | | | | (30,983,818) | | | | | | (5,950,750) | | | | | | (92,165,535) | | | | | | (178,060,962) | | |
Total increase (decrease) in net assets | | | | | (31,805,072) | | | | | | (5,797,360) | | | | | | (87,501,681) | | | | | | (177,495,713) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 43,675,417 | | | | | | 49,472,777 | | | | | | 156,493,935 | | | | | | 333,989,648 | | |
End of year | | | | $ | 11,870,345 | | | | | $ | 43,675,417 | | | | | $ | 68,992,254 | | | | | $ | 156,493,935 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 1,800,000 | | | | | | 2,050,001 | | | | | | 8,150,000 | | | | | | 17,500,001 | | |
Shares created | | | | | 650,000 | | | | | | 300,000 | | | | | | 550,000 | | | | | | 1,350,000 | | |
Shares redeemed | | | | | (1,900,000) | | | | | | (550,001) | | | | | | (5,250,000) | | | | | | (10,700,001) | | |
Shares outstanding, end of year | | | | | 550,000 | | | | | | 1,800,000 | | | | | | 3,450,000 | | | | | | 8,150,000 | | |
| | | IQ Short Duration Enhanced Core Bond U.S. ETF | | | IQ S&P High Yield Low Volatility Bond ETF | | ||||||||||||||||||
| | | For the Year Ended | | | For the Period December 18, 2018* | | | For the Year Ended April 30, | | |||||||||||||||
| | | April 30, 2020 | | | to April 30, 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 224,367 | | | | | $ | 28,200 | | | | | $ | 2,548,294 | | | | | $ | 3,797,030 | | |
Net realized gain (loss) | | | | | (90,485) | | | | | | 16,852 | | | | | | (2,350,176) | | | | | | (1,949,460) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (21,573) | | | | | | 33,767 | | | | | | (1,115,683) | | | | | | 3,236,523 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 112,309 | | | | | | 78,819 | | | | | | (917,565) | | | | | | 5,084,093 | | |
Distributions to Shareholders | | | | | (225,037) | | | | | | (28,586) | | | | | | (2,787,812) | | | | | | (3,901,103) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 20,415,746 | | | | | | 8,792,823 | | | | | | 16,228,614 | | | | | | 3,699,667 | | |
Cost of shares redeemed | | | | | (19,243,376) | | | | | | (5,038,018) | | | | | | (26,854,263) | | | | | | (46,449,379) | | |
Net increase (decrease) from capital share transactions | | | | | 1,172,370 | | | | | | 3,754,805 | | | | | | (10,625,649) | | | | | | (42,749,712) | | |
Total increase (decrease) in net assets | | | | | 1,059,642 | | | | | | 3,805,038 | | | | | | (14,331,026) | | | | | | (41,566,722) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 3,805,038 | | | | | | — | | | | | | 65,625,744 | | | | | | 107,192,466 | | |
End of period | | | | $ | 4,864,680 | | | | | $ | 3,805,038 | | | | | $ | 51,294,718 | | | | | $ | 65,625,744 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 150,000 | | | | | | — | | | | | | 2,650,000 | | | | | | 4,400,001 | | |
Shares created | | | | | 800,000 | | | | | | 350,000 | | | | | | 650,000 | | | | | | 150,000 | | |
Shares redeemed | | | | | (750,000) | | | | | | (200,000) | | | | | | (1,150,000) | | | | | | (1,900,001) | | |
Shares outstanding, end of period | | | | | 200,000 | | | | | | 150,000 | | | | | | 2,150,000 | | | | | | 2,650,000 | | |
| | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 3,872,200 | | | | | $ | 1,559,860 | | | | | $ | 2,749,818 | | | | | $ | 5,260,962 | | |
Net realized gain (loss) | | | | | 82,702,816 | | | | | | (11,291,429) | | | | | | 1,836,863 | | | | | | (6,741,607) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (95,293,870) | | | | | | 20,496,649 | | | | | | (5,664,345) | | | | | | (6,410,534) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (8,718,854) | | | | | | 10,765,080 | | | | | | (1,077,664) | | | | | | (7,891,179) | | |
Distributions to Shareholders | | | | | — | | | | | | — | | | | | | (2,539,080) | | | | | | (1,346,949) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 778,842,132 | | | | | | 628,333,768 | | | | | | 1,340,878 | | | | | | 69,696,407 | | |
Cost of shares redeemed | | | | | (1,032,341,051) | | | | | | (178,685,181) | | | | | | (150,087,715) | | | | | | (123,858,817) | | |
Net increase (decrease) from capital share transactions | | | | | (253,498,919) | | | | | | 449,648,587 | | | | | | (148,746,837) | | | | | | (54,162,410) | | |
Total increase (decrease) in net assets | | | | | (262,217,773) | | | | | | 460,413,667 | | | | | | (152,363,581) | | | | | | (63,400,538) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 985,799,547 | | | | | | 525,385,880 | | | | | | 175,311,937 | | | | | | 238,712,475 | | |
End of year | | | | $ | 723,581,774 | | | | | $ | 985,799,547 | | | | | $ | 22,948,356 | | | | | $ | 175,311,937 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 31,300,000 | | | | | | 17,100,000 | | | | | | 6,500,000 | | | | | | 8,600,000 | | |
Shares created | | | | | 23,900,000 | | | | | | 19,850,000 | | | | | | 50,000 | | | | | | 2,500,000 | | |
Shares redeemed | | | | | (32,250,000) | | | | | | (5,650,000) | | | | | | (5,600,000) | | | | | | (4,600,000) | | |
Shares outstanding, end of year | | | | | 22,950,000 | | | | | | 31,300,000 | | | | | | 950,000 | | | | | | 6,500,000 | | |
| | | IQ Global Agribusiness Small Cap ETF | | | IQ U.S. Real Estate Small Cap ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 167,309 | | | | | $ | 111,794 | | | | | $ | 1,707,060 | | | | | $ | 2,445,492 | | |
Net realized gain (loss) | | | | | (447,744) | | | | | | 1,577,198 | | | | | | (2,621,227) | | | | | | (414,629) | | |
Net change in net unrealized appreciation (depreciation) | | | | | (697,276) | | | | | | (1,978,003) | | | | | | (15,279,064) | | | | | | 6,056,098 | | |
Net increase (decrease) in net assets resulting from operations | | | | | (977,711) | | | | | | (289,011) | | | | | | (16,193,231) | | | | | | 8,086,961 | | |
Distributions to Shareholders | | | | | (91,643) | | | | | | (98,945) | | | | | | (1,633,256) | | | | | | (2,374,318) | | |
Distributions to Shareholders from Return of Capital | | | | | — | | | | | | — | | | | | | (1,775,536) | | | | | | (2,583,466) | | |
Total distributions to shareholders | | | | | (91,643) | | | | | | (98,945) | | | | | | (3,408,792) | | | | | | (4,957,784) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | — | | | | | | — | | | | | | 3,688,926 | | | | | | 1,351,055 | | |
Cost of shares redeemed | | | | | (1,669,244) | | | | | | (1,620,848) | | | | | | (14,999,579) | | | | | | (14,954,392) | | |
Net increase (decrease) from capital share transactions | | | | | (1,669,244) | | | | | | (1,620,848) | | | | | | (11,310,653) | | | | | | (13,603,337) | | |
Total increase (decrease) in net assets | | | | | (2,738,598) | | | | | | (2,008,804) | | | | | | (30,912,676) | | | | | | (10,474,160) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 9,863,921 | | | | | | 11,872,725 | | | | | | 71,614,995 | | | | | | 82,089,155 | | |
End of year | | | | $ | 7,125,323 | | | | | $ | 9,863,921 | | | | | $ | 40,702,319 | | | | | $ | 71,614,995 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 300,000 | | | | | | 350,000 | | | | | | 2,850,000 | | | | | | 3,400,000 | | |
Shares created | | | | | — | | | | | | — | | | | | | 150,000 | | | | | | 50,000 | | |
Shares redeemed | | | | | (50,000) | | | | | | (50,000) | | | | | | (650,000) | | | | | | (600,000) | | |
Shares outstanding, end of year | | | | | 250,000 | | | | | | 300,000 | | | | | | 2,350,000 | | | | | | 2,850,000 | | |
| | | IQ 500 International ETF | | | IQ 50 Percent Hedged FTSE International ETF | | ||||||||||||||||||
| | | For the Year Ended | | | For the Period December 13, 2018* | | | For the Year Ended April 30, | | |||||||||||||||
| | | April 30, 2020 | | | to April 30, 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 4,213,636 | | | | | $ | 898,883 | | | | | $ | 7,283,615 | | | | | $ | 13,642,563 | | |
Net realized gain (loss) | | | | | 4,809,844 | | | | | | 4,340 | | | | | | (3,622,654) | | | | | | 21,006,516 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (60,097,774) | | | | | | 5,273,594 | | | | | | (43,441,569) | | | | | | (53,440,986) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (51,074,294) | | | | | | 6,176,817 | | | | | | (39,780,608) | | | | | | (18,791,907) | | |
Distributions to Shareholders | | | | | (3,080,969) | | | | | | (15,344) | | | | | | (7,874,573) | | | | | | (19,464,426) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 284,884,301 | | | | | | 79,513,130 | | | | | | 134,725,957 | | | | | | 30,368,545 | | |
Cost of shares redeemed | | | | | (97,952,352) | | | | | | (25) | | | | | | (118,574,884) | | | | | | (289,550,341) | | |
Net increase (decrease) from capital share transactions | | | | | 186,931,949 | | | | | | 79,513,105 | | | | | | 16,151,073 | | | | | | (259,181,796) | | |
Total increase (decrease) in net assets | | | | | 132,776,686 | | | | | | 85,674,578 | | | | | | (31,504,108) | | | | | | (297,438,129) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 85,674,578 | | | | | | — | | | | | | 281,078,905 | | | | | | 578,517,034 | | |
End of period | | | | $ | 218,451,264 | | | | | $ | 85,674,578 | | | | | $ | 249,574,797 | | | | | $ | 281,078,905 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 3,100,000 | | | | | | — | | | | | | 13,650,000 | | | | | | 26,750,001 | | |
Shares created | | | | | 10,350,000 | | | | | | 3,100,001 | | | | | | 6,400,000 | | | | | | 1,450,000 | | |
Shares redeemed | | | | | (3,650,000) | | | | | | (1) | | | | | | (6,200,000) | | | | | | (14,550,001) | | |
Shares outstanding, end of period | | | | | 9,800,000 | | | | | | 3,100,000 | | | | | | 13,850,000 | | | | | | 13,650,000 | | |
| | | IQ 50 Percent Hedged FTSE Europe ETF | | | IQ 50 Percent Hedged FTSE Japan ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 237,146 | | | | | $ | 1,610,167 | | | | | $ | 126,655 | | | | | $ | 353,237 | | |
Net realized gain (loss) | | | | | 91,434 | | | | | | 16,992,674 | | | | | | 151,489 | | | | | | 3,162,537 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (1,313,452) | | | | | | (18,674,363) | | | | | | (544,070) | | | | | | (6,879,025) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (984,872) | | | | | | (71,522) | | | | | | (265,926) | | | | | | (3,363,251) | | |
Distributions to Shareholders | | | | | (236,012) | | | | | | (417,662) | | | | | | (181,753) | | | | | | (545,585) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | — | | | | | | — | | | | | | 6,870,551 | | | | | | — | | |
Cost of shares redeemed | | | | | — | | | | | | (159,352,565) | | | | | | (4,973,615) | | | | | | (24,619,769) | | |
Net increase (decrease) from capital share transactions | | | | | — | | | | | | (159,352,565) | | | | | | 1,896,936 | | | | | | (24,619,769) | | |
Total increase (decrease) in net assets | | | | | (1,220,884) | | | | | | (159,841,749) | | | | | | 1,449,257 | | | | | | (28,528,605) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 8,895,462 | | | | | | 168,737,211 | | | | | | 6,217,878 | | | | | | 34,746,483 | | |
End of year | | | | $ | 7,674,578 | | | | | $ | 8,895,462 | | | | | $ | 7,667,135 | | | | | $ | 6,217,878 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 450,000 | | | | | | 8,300,001 | | | | | | 300,000 | | | | | | 1,550,001 | | |
Shares created | | | | | — | | | | | | — | | | | | | 350,000 | | | | | | — | | |
Shares redeemed | | | | | — | | | | | | (7,850,001) | | | | | | (250,000) | | | | | | (1,250,001) | | |
Shares outstanding, end of year | | | | | 450,000 | | | | | | 450,000 | | | | | | 400,000 | | | | | | 300,000 | | |
| | | IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG U.S. Equity ETF | | ||||||
| | | For the Period December 17, 2019* to April 30, 2020 | | | For the Period December 17, 2019* to April 30, 2020 | | ||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | |
Net investment income | | | | $ | 142,981 | | | | | $ | 39,607 | | |
Net realized gain (loss) | | | | | (47,615) | | | | | | 54,203 | | |
Net change in net unrealized appreciation (depreciation) | | | | | (340,084) | | | | | | (263,052) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (244,718) | | | | | | (169,242) | | |
Distributions to Shareholders | | | | | (50,904) | | | | | | (30,853) | | |
Capital Share Transactions | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 46,491,761 | | | | | | 10,070,844 | | |
Cost of shares redeemed | | | | | — | | | | | | (3,837,002) | | |
Net increase (decrease) from capital share transactions | | | | | 46,491,761 | | | | | | 6,233,842 | | |
Total increase (decrease) in net assets | | | | | 46,196,139 | | | | | | 6,033,747 | | |
Net Assets | | | | | | | | | | | | | |
Beginning of period | | | | | — | | | | | | — | | |
End of period | | | | $ | 46,196,139 | | | | | $ | 6,033,747 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | — | | | | | | — | | |
Shares created | | | | | 2,200,000 | | | | | | 400,000 | | |
Shares redeemed | | | | | — | | | | | | (150,000) | | |
Shares outstanding, end of period | | | | | 2,200,000 | | | | | | 250,000 | | |
| | | IQ Chaikin U.S. Small Cap ETF | | | IQ Chaikin U.S. Large Cap ETF | | ||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Year Ended April 30, | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2020 | | | 2019 | | ||||||||||||
Increase (Decrease) in Net Assets from Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | $ | 2,395,386 | | | | | $ | 4,480,736 | | | | | $ | 6,114,254 | | | | | $ | 7,182,766 | | |
Net realized gain (loss) | | | | | (38,685,566) | | | | | | (25,832,825) | | | | | | (43,036,686) | | | | | | 5,473,939 | | |
Net change in net unrealized appreciation (depreciation) | | | | | 5,130,703 | | | | | | (4,926,146) | | | | | | 18,023,957 | | | | | | (10,090,415) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (31,159,477) | | | | | | (26,278,235) | | | | | | (18,898,475) | | | | | | 2,566,290 | | |
Distributions to Shareholders | | | | | (2,340,043) | | | | | | (4,624,785) | | | | | | (6,034,101) | | | | | | (7,178,905) | | |
Capital Share Transactions | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares created | | | | | 4,615,525 | | | | | | 94,020,959 | | | | | | 168,898,124 | | | | | | 609,684,554 | | |
Cost of shares redeemed | | | | | (216,562,479) | | | | | | (179,909,783) | | | | | | (201,747,345) | | | | | | (646,660,428) | | |
Net increase (decrease) from capital share transactions | | | | | (211,946,954) | | | | | | (85,888,824) | | | | | | (32,849,221) | | | | | | (36,975,874) | | |
Total increase (decrease) in net assets | | | | | (245,446,474) | | | | | | (116,791,844) | | | | | | (57,781,797) | | | | | | (41,588,489) | | |
Net Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of year | | | | | 348,554,722 | | | | | | 465,346,566 | | | | | | 278,411,590 | | | | | | 320,000,079 | | |
End of year | | | | $ | 103,108,248 | | | | | $ | 348,554,722 | | | | | $ | 220,629,793 | | | | | $ | 278,411,590 | | |
Changes in Shares Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of year | | | | | 13,550,000 | | | | | | 17,150,001 | | | | | | 11,250,000 | | | | | | 12,650,001 | | |
Shares created | | | | | 200,000 | | | | | | 3,400,000 | | | | | | 6,800,000 | | | | | | 24,850,000 | | |
Shares redeemed | | | | | (8,600,000) | | | | | | (7,000,001) | | | | | | (8,000,000) | | | | | | (26,250,001) | | |
Shares outstanding, end of year | | | | | 5,150,000 | | | | | | 13,550,000 | | | | | | 10,050,000 | | | | | | 11,250,000 | | |
| | | IQ Hedge Multi-Strategy Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 30.29 | | | | | $ | 30.39 | | | | | $ | 29.15 | | | | | $ | 29.03 | | | | | $ | 30.01 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.75 | | | | | | 0.72 | | | | | | 0.56 | | | | | | 0.50 | | | | | | 0.43 | | |
Net realized and unrealized gain (loss) | | | | | (1.04) | | | | | | (0.27) | | | | | | 0.68 | | | | | | (0.38) | | | | | | (1.30) | | |
Distributions of net realized gains from investments in other investment companies | | | | | 0.00(c) | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | 0.03 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.29) | | | | | | 0.45 | | | | | | 1.24 | | | | | | 0.12 | | | | | | (0.84) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.59) | | | | | | (0.55) | | | | | | — | | | | | | (0.00)(d) | | | | | | (0.14) | | |
Net asset value, end of year | | | | $ | 29.41 | | | | | $ | 30.29 | | | | | $ | 30.39 | | | | | $ | 29.15 | | | | | $ | 29.03 | | |
Market price, end of year | | | | $ | 29.34 | | | | | $ | 30.28 | | | | | $ | 30.38 | | | | | $ | 29.15 | | | | | $ | 29.06 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (1.04)% | | | | | | 1.56% | | | | | | 4.24% | | | | | | 0.42% | | | | | | (2.80)% | | |
Total investment return based on market price(f) | | | | | (1.26)% | | | | | | 1.56% | | | | | | 4.22% | | | | | | 0.31% | | | | | | (2.67)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 739,660 | | | | | $ | 993,422 | | | | | $ | 1,124,278 | | | | | $ | 1,062,579 | | | | | $ | 1,074,120 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.54% | | | | | | 0.54% | | | | | | 0.64% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.49% | | | | | | 2.40% | | | | | | 1.87% | | | | | | 1.72% | | | | | | 1.48% | | |
Portfolio turnover rate(h) | | | | | 166% | | | | | | 137% | | | | | | 164% | | | | | | 285% | | | | | | 312% | | |
| | | IQ Hedge Macro Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 26.26 | | | | | $ | 26.35 | | | | | $ | 25.46 | | | | | $ | 24.66 | | | | | $ | 25.69 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.56 | | | | | | 0.44 | | | | | | 0.39 | | | | | | 0.37 | | | | | | 0.46 | | |
Net realized and unrealized gain (loss) | | | | | (0.94) | | | | | | (0.25) | | | | | | 0.50 | | | | | | 0.43 | | | | | | (1.27) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | 0.05 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.38) | | | | | | 0.19 | | | | | | 0.89 | | | | | | 0.80 | | | | | | (0.76) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.36) | | | | | | (0.28) | | | | | | — | | | | | | — | | | | | | (0.27) | | |
Net asset value, end of year | | | | $ | 25.52 | | | | | $ | 26.26 | | | | | $ | 26.35 | | | | | $ | 25.46 | | | | | $ | 24.66 | | |
Market price, end of year | | | | $ | 25.36 | | | | | $ | 26.24 | | | | | $ | 26.34 | | | | | $ | 25.44 | | | | | $ | 24.80 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (1.51)% | | | | | | 0.77% | | | | | | 3.50% | | | | | | 3.25% | | | | | | (2.97)% | | |
Total investment return based on market price(e) | | | | | (2.04)% | | | | | | 0.74% | | | | | | 3.54% | | | | | | 2.58% | | | | | | (2.60)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 3,827 | | | | | $ | 5,251 | | | | | $ | 6,588 | | | | | $ | 6,365 | | | | | $ | 14,794 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.54% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.13% | | | | | | 1.70% | | | | | | 1.47% | | | | | | 1.50% | | | | | | 1.86% | | |
Portfolio turnover rate(g) | | | | | 104% | | | | | | 82% | | | | | | 152% | | | | | | 68% | | | | | | 99% | | |
| | | IQ Hedge Market Neutral Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.49 | | | | | $ | 25.53 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.62 | | | | | | 0.55 | | | | | | 0.41 | | | | | | 0.36 | | | | | | 0.27 | | |
Net realized and unrealized gain (loss) | | | | | (0.76) | | | | | | 0.10 | | | | | | (0.08) | | | | | | (0.25) | | | | | | (0.33) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.02 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.14) | | | | | | 0.65 | | | | | | 0.33 | | | | | | 0.11 | | | | | | (0.04) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.44) | | | | | | — | | | | | | — | | | | | | (0.35) | | | | | | — | | |
Net asset value, end of year | | | | $ | 25.65 | | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.49 | | |
Market price, end of year | | | | $ | 25.63 | | | | | $ | 26.23 | | | | | $ | 25.58 | | | | | $ | 25.25 | | | | | $ | 25.43 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (0.62)% | | | | | | 2.56% | | | | | | 1.29% | | | | | | 0.44% | | | | | | (0.15)% | | |
Total investment return based on market price(e) | | | | | (0.69)% | | | | | | 2.54% | | | | | | 1.31% | | | | | | 0.67% | | | | | | 0.27% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 17,956 | | | | | $ | 15,741 | | | | | $ | 12,790 | | | | | $ | 11,364 | | | | | $ | 15,294 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.53% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.36% | | | | | | 2.15% | | | | | | 1.61% | | | | | | 1.40% | | | | | | 1.09% | | |
Portfolio turnover rate(g) | | | | | 77% | | | | | | 107% | | | | | | 165% | | | | | | 99% | | | | | | 135% | | |
| | | IQ Hedge Long/Short Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 21.53 | | | | | $ | 21.91 | | | | | $ | 20.36 | | | | | $ | 18.88 | | | | | $ | 19.93 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.51 | | | | | | 0.44 | | | | | | 0.41 | | | | | | 0.35 | | | | | | 0.41 | | |
Net realized and unrealized gain (loss) | | | | | (0.29) | | | | | | 0.13 | | | | | | 1.22 | | | | | | 1.19 | | | | | | (1.10) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.22 | | | | | | 0.57 | | | | | | 1.63 | | | | | | 1.54 | | | | | | (0.69) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.35) | | | | | | (0.95) | | | | | | (0.08) | | | | | | (0.06) | | | | | | (0.36) | | |
Net asset value, end of year | | | | $ | 21.40 | | | | | $ | 21.53 | | | | | $ | 21.91 | | | | | $ | 20.36 | | | | | $ | 18.88 | | |
Market price, end of year | | | | $ | 21.52 | | | | | $ | 21.54 | | | | | $ | 21.93 | | | | | $ | 20.34 | | | | | $ | 18.72 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 0.93% | | | | | | 3.07% | | | | | | 8.02% | | | | | | 8.18% | | | | | | (3.46)% | | |
Total investment return based on market price(e) | | | | | 1.46% | | | | | | 2.91% | | | | | | 8.23% | | | | | | 8.98% | | | | | | (8.23)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 10,699 | | | | | $ | 6,459 | | | | | $ | 8,764 | | | | | $ | 4,072 | | | | | $ | 1,888 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.51% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.77% | | | | | | 0.76% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.77% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.35% | | | | | | 2.06% | | | | | | 1.89% | | | | | | 1.78% | | | | | | 2.15% | | |
Portfolio turnover rate(g) | | | | | 136% | | | | | | 95% | | | | | | 77% | | | | | | 147% | | | | | | 94% | | |
| | | IQ Hedge Event-Driven Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 21.26 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.40 | | | | | $ | 20.01 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.73 | | | | | | 0.74 | | | | | | 0.55 | | | | | | 0.56 | | | | | | 0.54 | | |
Net realized and unrealized gain (loss) | | | | | (0.66) | | | | | | 0.46 | | | | | | 0.26 | | | | | | 1.09 | | | | | | (1.03) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | 0.23 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.07 | | | | | | 1.20 | | | | | | 0.81 | | | | | | 1.65 | | | | | | (0.26) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.45) | | | | | | (0.87) | | | | | | (0.47) | | | | | | (0.46) | | | | | | (0.35) | | |
Net asset value, end of year | | | | $ | 20.88 | | | | | $ | 21.26 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.40 | | |
Market price, end of year | | | | $ | 20.86 | | | | | $ | 21.27 | | | | | $ | 20.93 | | | | | $ | 20.59 | | | | | $ | 19.43 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 0.25% | | | | | | 6.12% | | | | | | 3.93% | | | | | | 8.58% | | | | | | (1.26)% | | |
Total investment return based on market price(e) | | | | | 0.11% | | | | | | 6.13% | | | | | | 3.94% | ��� | | | | | 8.44% | | | | | | (1.04)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 8,354 | | | | | $ | 4,253 | | | | | $ | 3,139 | | | | | $ | 3,088 | | | | | $ | 1,940 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.50% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.79% | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.79% | | |
Net investment income (loss)(b) | | | | | 3.48% | | | | | | 3.54% | | | | | | 2.64% | | | | | | 2.80% | | | | | | 2.81% | | |
Portfolio turnover rate(g) | | | | | 77% | | | | | | 34% | | | | | | 41% | | | | | | 68% | | | | | | 16% | | |
| | | IQ Real Return ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 27.83 | | | | | $ | 27.47 | | | | | $ | 27.25 | | | | | $ | 26.73 | | | | | $ | 26.70 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.54 | | | | | | 0.49 | | | | | | 0.30 | | | | | | 0.22 | | | | | | 0.09 | | |
Net realized and unrealized gain (loss) | | | | | (0.84) | | | | | | 0.22 | | | | | | 0.21 | | | | | | 0.30 | | | | | | (0.06) | | |
Distributions of net realized gains from investments in other investment companies | | | | | 0.00(c) | | | | | | — | | | | | | 0.00(c) | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.30) | | | | | | 0.71 | | | | | | 0.51 | | | | | | 0.52 | | | | | | 0.03 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.59) | | | | | | (0.35) | | | | | | (0.29) | | | | | | — | | | | | | (0.00)(d) | | |
Net asset value, end of year | | | | $ | 26.94 | | | | | $ | 27.83 | | | | | $ | 27.47 | | | | | $ | 27.25 | | | | | $ | 26.73 | | |
Market price, end of year | | | | $ | 26.86 | | | | | $ | 27.80 | | | | | $ | 27.47 | | | | | $ | 27.27 | | | | | $ | 26.72 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (1.13)% | | | | | | 2.64% | | | | | | 1.89% | | | | | | 1.94% | | | | | | 0.11% | | |
Total investment return based on market price(f) | | | | | (1.33)% | | | | | | 2.53% | | | | | | 1.81% | | | | | | 2.06% | | | | | | (0.32)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 51,188 | | | | | $ | 57,046 | | | | | $ | 45,319 | | | | | $ | 28,608 | | | | | $ | 26,727 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.21% | | | | | | 0.37% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | | | | | 0.49% | | |
Net investment income (loss)(b) | | | | | 1.95% | | | | | | 1.77% | | | | | | 1.10% | | | | | | 0.82% | | | | | | 0.33% | | |
Portfolio turnover rate(h) | | | | | 68% | | | | | | 97% | | | | | | 101% | | | | | | 71% | | | | | | 109% | | |
| | | IQ Leaders GTAA Tracker ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period September 30, 2015(a) to April 30, 2016 | | ||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 24.26 | | | | | $ | 24.13 | | | | | $ | 22.83 | | | | | $ | 20.96 | | | | | $ | 20.00 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.83 | | | | | | 0.66 | | | | | | 0.58 | | | | | | 0.48 | | | | | | 0.26 | | |
Net realized and unrealized gain (loss) | | | | | (2.58) | | | | | | 0.20 | | | | | | 1.32 | | | | | | 1.80 | | | | | | 0.78 | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | 0.00(d) | | | | | | 0.00(d) | | | | | | 0.06 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (1.75) | | | | | | 0.86 | | | | | | 1.90 | | | | | | 2.28 | | | | | | 1.10 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.93) | | | | | | (0.73) | | | | | | (0.60) | | | | | | (0.41) | | | | | | (0.14) | | |
Net asset value, end of period | | | | $ | 21.58 | | | | | $ | 24.26 | | | | | $ | 24.13 | | | | | $ | 22.83 | | | | | $ | 20.96 | | |
Market price, end of period | | | | $ | 21.56 | | | | | $ | 24.24 | | | | | $ | 24.14 | | | | | $ | 22.84 | | | | | $ | 20.21 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (7.32)% | | | | | | 3.74% | | | | | | 8.43% | | | | | | 10.99% | | | | | | 5.50% | | |
Total investment return based on market price(f) | | | | | (7.31)% | | | | | | 3.61% | | | | | | 8.40% | | | | | | 15.18% | | | | | | 1.72%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 11,870 | | | | | $ | 43,675 | | | | | $ | 49,473 | | | | | $ | 34,240 | | | | | $ | 2,096 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.23% | | | | | | 0.37% | | | | | | 0.46% | | | | | | 0.46% | | | | | | 0.46%(i) | | |
Expenses excluding waivers/reimbursements(h) | | | | | 0.46% | | | | | | 0.46% | | | | | | —% | | | | | | —% | | | | | | —%(i) | | |
Net investment income (loss)(c) | | | | | 3.43% | | | | | | 2.80% | | | | | | 2.43% | | | | | | 2.23% | | | | | | 2.18%(i) | | |
Portfolio turnover rate(j) | | | | | 149% | | | | | | 174% | | | | | | 145% | | | | | | 105% | | | | | | 116% | | |
| | | IQ Enhanced Core Plus Bond U.S. ETF | | |||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period May 10, 2016(a) to April 30, 2017 | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | |||||||||||||||
Net asset value, beginning of period | | | | $ | 19.20 | | | | | $ | 19.09 | | | | | $ | 19.98 | | | | | $ | 20.00 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.57 | | | | | | 0.57 | | | | | | 0.61 | | | | | | 0.53 | | |
Net realized and unrealized gain (loss) | | | | | 0.78 | | | | | | 0.10 | | | | | | (0.88) | | | | | | (0.03) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.01 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 1.35 | | | | | | 0.67 | | | | | | (0.27) | | | | | | 0.51 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.55) | | | | | | (0.56) | | | | | | (0.62) | | | | | | (0.53) | | |
Net asset value, end of period | | | | $ | 20.00 | | | | | $ | 19.20 | | | | | $ | 19.09 | | | | | $ | 19.98 | | |
Market price, end of period | | | | $ | 20.00 | | | | | $ | 19.18 | | | | | $ | 19.07 | | | | | $ | 19.99 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 7.11% | | | | | | 3.63% | | | | | | (1.44)% | | | | | | 2.57% | | |
Total investment return based on market price(e) | | | | | 7.24% | | | | | | 3.59% | | | | | | (1.56)% | | | | | | 2.61%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 68,992 | | | | | $ | 156,494 | | | | | $ | 333,990 | | | | | $ | 230,787 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.21% | | | | | | 0.21% | | | | | | 0.21% | | | | | | 0.20%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.25%(h) | | |
Net investment income (loss)(c) | | | | | 2.90% | | | | | | 2.99% | | | | | | 3.09% | | | | | | 2.73%(h) | | |
Portfolio turnover rate(i) | | | | | 291% | | | | | | 411% | | | | | | 269% | | | | | | 147% | | |
| | | IQ Short Duration Enhanced Core Bond U.S. ETF | | |||||||||
| | | For the Year Ended April 30, 2020 | | | For the Period December 18, 2018(a) to April 30, 2019 | | ||||||
Net asset value, beginning of period | | | | $ | 25.37 | | | | | $ | 25.02 | | |
Income from Investment Operations | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.72 | | | | | | 0.20 | | |
Net realized and unrealized gain (loss) | | | | | (1.07) | | | | | | 0.36 | | |
Distributions of net realized gains from investments in other investment companies | | | | | 0.00(d) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.35) | | | | | | 0.56 | | |
Distributions from: | | | | | | | | | | | | | |
Net investment income | | | | | (0.70) | | | | | | (0.21) | | |
Net asset value, end of period | | | | $ | 24.32 | | | | | $ | 25.37 | | |
Market price, end of period | | | | $ | 24.32 | | | | | $ | 25.36 | | |
Total Return | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (1.43)% | | | | | | 2.23% | | |
Total investment return based on market price(f) | | | | | (1.42)% | | | | | | 2.20%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 4,865 | | | | | $ | 3,805 | | |
Ratio to average net assets of: | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.20% | | | | | | 0.20%(i) | | |
Expenses excluding waivers/reimbursements(h) | | | | | 0.21% | | | | | | 0.23%(i) | | |
Net investment income (loss)(c) | | | | | 2.82% | | | | | | 2.13%(i) | | |
Portfolio turnover rate(j) | | | | | 127% | | | | | | 78% | | |
| | | IQ S&P High Yield Low Volatility Bond ETF | | |||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period February 15, 2017(a) to April 30, 2017 | | ||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | |||||||||||||||
Net asset value, beginning of period | | | | $ | 24.76 | | | | | $ | 24.36 | | | | | $ | 25.20 | | | | | $ | 25.00 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 1.01 | | | | | | 1.07 | | | | | | 0.99 | | | | | | 0.20 | | |
Net realized and unrealized gain (loss) | | | | | (0.81) | | | | | | 0.41 | | | | | | (0.88) | | | | | | 0.10 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.20 | | | | | | 1.48 | | | | | | 0.11 | | | | | | 0.30 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (1.10) | | | | | | (1.08) | | | | | | (0.95) | | | | | | (0.10) | | |
Net asset value, end of period | | | | $ | 23.86 | | | | | $ | 24.76 | | | | | $ | 24.36 | | | | | $ | 25.20 | | |
Market price, end of period | | | | $ | 24.03 | | | | | $ | 24.78 | | | | | $ | 24.32 | | | | | $ | 25.34 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | 0.71% | | | | | | 6.31% | | | | | | 0.39% | | | | | | 1.40% | | |
Total investment return based on market price(e) | | | | | 1.34% | | | | | | 6.56% | | | | | | (0.36)% | | | | | | 1.93%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 51,295 | ��� | | | | $ | 65,626 | | | | | $ | 107,192 | | | | | $ | 49,145 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.40% | | | | | | 0.40% | | | | | | 0.40% | | | | | | 0.40%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.41% | | | | | | 0.41% | | | | | | 0.41% | | | | | | 0.41%(h) | | |
Net investment income (loss)(c) | | | | | 4.04% | | | | | | 4.42% | | | | | | 3.97% | | | | | | 4.05%(h) | | |
Portfolio turnover rate(i) | | | | | 105% | | | | | | 83% | | | | | | 75% | | | | | | 15% | | |
| | | IQ Merger Arbitrage ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 31.50 | | | | | $ | 30.72 | | | | | $ | 30.21 | | | | | $ | 28.44 | | | | | $ | 28.92 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.14 | | | | | | 0.07 | | | | | | 0.10 | | | | | | 0.24(c) | | | | | | 0.02 | | |
Net realized and unrealized gain (loss) | | | | | (0.11) | | | | | | 0.71 | | | | | | 0.41(d) | | | | | | 1.59 | | | | | | (0.25) | | |
Distributions of net realized gains from investments in other investment companies | | | | | 0.00(e) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | 0.03 | | | | | | 0.78 | | | | | | 0.51 | | | | | | 1.83 | | | | | | (0.23) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | — | | | | | | — | | | | | | (0.06) | | | | | | (0.25) | | |
Net asset value, end of year | | | | $ | 31.53 | | | | | $ | 31.50 | | | | | $ | 30.72 | | | | | $ | 30.21 | | | | | $ | 28.44 | | |
Market price, end of year | | | | $ | 31.45 | | | | | $ | 31.48 | | | | | $ | 30.75 | | | | | $ | 30.27 | | | | | $ | 28.51 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(f) | | | | | 0.10% | | | | | | 2.52% | | | | | | 1.69% | | | | | | 6.45% | | | | | | (0.79)% | | |
Total investment return based on market price(g) | | | | | (0.10)% | | | | | | 2.37% | | | | | | 1.59% | | | | | | 6.39% | | | | | | (0.73)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 723,582 | | | | | $ | 985,800 | | | | | $ | 525,386 | | | | | $ | 188,833 | | | | | $ | 139,367 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(h) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 0.42% | | | | | | 0.21% | | | | | | 0.34% | | | | | | 0.82%(c) | | | | | | 0.09% | | |
Portfolio turnover rate(i) | | | | | 308% | | | | | | 337% | | | | | | 329% | | | | | | 268% | | | | | | 272% | | |
| | | IQ Global Resources ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 26.97 | | | | | $ | 27.76 | | | | | $ | 25.82 | | | | | $ | 24.70 | | | | | $ | 27.18 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.66 | | | | | | 0.65 | | | | | | 0.68 | | | | | | 0.33 | | | | | | 0.56 | | |
Net realized and unrealized gain (loss) | | | | | (3.00) | | | | | | (1.24) | | | | | | 1.26 | | | | | | 0.89 | | | | | | (2.48) | | |
Distributions of net realized gains from investments in other investment companies | | | | | 0.00(c) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (2.34) | | | | | | (0.59) | | | | | | 1.94 | | | | | | 1.22 | | | | | | (1.92) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.47) | | | | | | (0.20) | | | | | | — | | | | | | (0.10) | | | | | | (0.56) | | |
Net asset value, end of year | | | | $ | 24.16 | | | | | $ | 26.97 | | | | | $ | 27.76 | | | | | $ | 25.82 | | | | | $ | 24.70 | | |
Market price, end of year | | | | $ | 23.99 | | | | | $ | 27.06 | | | | | $ | 27.65 | | | | | $ | 25.95 | | | | | $ | 24.78 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (8.89)% | | | | | | (2.08)% | | | | | | 7.50% | | | | | | 4.94% | | | | | | (6.71)%(e) | | |
Total investment return based on market price(f) | | | | | (9.81)% | | | | | | (1.38)% | | | | | | 6.55% | | | | | | 5.13% | | | | | | (6.41)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 22,948 | | | | | $ | 175,312 | | | | | $ | 238,712 | | | | | $ | 179,450 | | | | | $ | 67,924 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(g) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.75% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.48% | | | | | | 2.37% | | | | | | 2.51% | | | | | | 1.29% | | | | | | 2.39% | | |
Portfolio turnover rate(h) | | | | | 100% | | | | | | 132% | | | | | | 235% | | | | | | 199% | | | | | | 325% | | |
| | | IQ Global Agribusiness Small Cap ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 32.88 | | | | | $ | 33.92 | | | | | $ | 32.99 | | | | | $ | 30.12 | | | | | $ | 27.26 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.65 | | | | | | 0.33 | | | | | | 0.27 | | | | | | 0.31 | | | | | | 0.41 | | |
Net realized and unrealized gain (loss) | | | | | (4.66) | | | | | | (1.09) | | | | | | 0.97 | | | | | | 2.94 | | | | | | 2.82 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (4.01) | | | | | | (0.76) | | | | | | 1.24 | | | | | | 3.25 | | | | | | 3.23 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.37) | | | | | | (0.28) | | | | | | (0.31) | | | | | | (0.38) | | | | | | (0.37) | | |
Net asset value, end of year | | | | $ | 28.50 | | | | | $ | 32.88 | | | | | $ | 33.92 | | | | | $ | 32.99 | | | | | $ | 30.12 | | |
Market price, end of year | | | | $ | 28.21 | | | | | $ | 32.84 | | | | | $ | 33.84 | | | | | $ | 33.05 | | | | | $ | 29.52 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(c) | | | | | (12.34)% | | | | | | (2.16)% | | | | | | 3.75% | | | | | | 10.86% | | | | | | 11.93% | | |
Total investment return based on market price(d) | | | | | (13.12)% | | | | | | (2.04)% | | | | | | 3.30% | | | | | | 13.32% | | | | | | 9.66% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 7,125 | | | | | $ | 9,864 | | | | | $ | 11,873 | | | | | $ | 13,195 | | | | | $ | 12,047 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(e) | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | | | | | 0.76% | | |
Net investment income (loss)(b) | | | | | 2.07% | | | | | | 1.04% | | | | | | 0.79% | | | | | | 0.99% | | | | | | 1.48% | | |
Portfolio turnover rate(f) | | | | | 19% | | | | | | 32% | | | | | | 11% | | | | | | 35% | | | | | | 31% | | |
| | | IQ U.S. Real Estate Small Cap ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | |||||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | | 2016 | | |||||||||||||||
Net asset value, beginning of year | | | | $ | 25.13 | | | | | $ | 24.14 | | | | | $ | 27.14 | | | | | $ | 25.14 | | | | | $ | 26.77 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(a)(b) | | | | | 0.66 | | | | | | 0.79 | | | | | | 0.88 | | | | | | 0.71 | | | | | | 0.90 | | |
Net realized and unrealized gain (loss) | | | | | (7.16) | | | | | | 1.81 | | | | | | (2.53) | | | | | | 2.88 | | | | | | (1.09) | | |
Distributions of net realized gains from investments in other investment companies | | | | | — | | | | | | — | | | | | | — | | | | | | 0.00(c) | | | | | | — | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (6.50) | | | | | | 2.60 | | | | | | (1.65) | | | | | | 3.59 | | | | | | (0.19) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.62) | | | | | | (0.78) | | | | | | (0.85) | | | | | | (0.71) | | | | | | (0.88) | | |
Return of capital | | | | | (0.69) | | | | | | (0.83) | | | | | | (0.50) | | | | | | (0.88) | | | | | | (0.56) | | |
Total distributions from net investment income and return of capital | | | | | (1.31) | | | | | | (1.61) | | | | | | (1.35) | | | | | | (1.59) | | | | | | (1.44) | | |
Net asset value, end of year | | | | $ | 17.32 | | | | | $ | 25.13 | | | | | $ | 24.14 | | | | | $ | 27.14 | | | | | $ | 25.14 | | |
Market price, end of year | | | | $ | 17.30 | | | | | $ | 25.12 | | | | | $ | 24.12 | | | | | $ | 27.15 | | | | | $ | 25.10 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (27.15)% | | | | | | 11.16% | | | | | | (6.37)% | | | | | | 14.60% | | | | | | (0.51)% | | |
Total investment return based on market price(e) | | | | | (27.21)% | | | | | | 11.24% | | | | | | (6.49)% | | | | | | 14.79% | | | | | | (0.83)% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of year (000’s omitted) | | | | $ | 40,702 | | | | | $ | 71,615 | | | | | $ | 82,089 | | | | | $ | 114,001 | | | | | $ | 76,663 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses(f) | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | | | | | 0.70% | | |
Net investment income (loss)(b) | | | | | 2.72% | | | | | | 3.11% | | | | | | 3.36% | | | | | | 2.64% | | | | | | 3.62% | | |
Portfolio turnover rate(g) | | | | | 26% | | | | | | 26% | | | | | | 27% | | | | | | 28% | | | | | | 28% | | |
| | | IQ 500 International ETF | | |||||||||
| | | For the Year Ended April 30, 2020 | | | For the Period December 13, 2018(a) to April 30, 2019 | | ||||||
Net asset value, beginning of period | | | | $ | 27.64 | | | | | $ | 25.50 | | |
Income from Investment Operations | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.72 | | | | | | 0.39 | | |
Net realized and unrealized gain (loss) | | | | | (5.40) | | | | | | 1.77 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (4.68) | | | | | | 2.16 | | |
Distributions from: | | | | | | | | | | | | | |
Net investment income | | | | | (0.67) | | | | | | (0.02) | | |
Net asset value, end of period | | | | $ | 22.29 | | | | | $ | 27.64 | | |
Market price, end of period | | | | $ | 22.10 | | | | | $ | 27.65 | | |
Total Return | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (17.33)% | | | | | | 8.47% | | |
Total investment return based on market price(e) | | | | | (18.07)% | | | | | | 8.52% | | |
Ratios/Supplemental Data | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 218,451 | | | | | $ | 85,675 | | |
Ratio to average net assets of: | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(f) | | | | | 0.25% | | | | | | 0.25%(g) | | |
Expenses excluding waivers/reimbursements(f) | | | | | 0.26% | | | | | | 0.26%(g) | | |
Net investment income (loss)(c) | | | | | 2.81% | | | | | | 3.90%(g) | | |
Portfolio turnover rate(h) | | | | | 13% | | | | | | 0% | | |
| | | IQ 50 Percent Hedged FTSE International ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period July 22, 2015(a) to April 30, 2016 | | ||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 20.59 | | | | | $ | 21.63 | | | | | $ | 19.68 | | | | | $ | 17.68 | | | | | $ | 19.94 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.56 | | | | | | 0.62 | | | | | | 0.60 | | | | | | 0.46 | | | | | | 0.37 | | |
Net realized and unrealized gain (loss) | | | | | (2.51) | | | | | | (0.77) | | | | | | 1.89 | | | | | | 2.18 | | | | | | (2.42) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (1.95) | | | | | | (0.15) | | | | | | 2.49 | | | | | | 2.64 | | | | | | (2.05) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.62) | | | | | | (0.70) | | | | | | (0.54) | | | | | | (0.44) | | | | | | (0.21) | | |
Net realized gain | | | | | — | | | | | | (0.19) | | | | | | 0.00(d) | | | | | | (0.20) | | | | | | — | | |
Total distributions from net investment income and realized gains | | | | | (0.62) | | | | | | (0.89) | | | | | | (0.54) | | | | | | (0.64) | | | | | | (0.21) | | |
Net asset value, end of period | | | | $ | 18.02 | | | | | $ | 20.59 | | | | | $ | 21.63 | | | | | $ | 19.68 | | | | | $ | 17.68 | | |
Market price, end of period | | | | $ | 17.83 | | | | | $ | 20.65 | | | | | $ | 21.60 | | | | | $ | 19.75 | | | | | $ | 17.59 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (9.74)% | | | | | | (0.42)% | | | | | | 12.84% | | | | | | 15.29% | | | | | | (10.33)% | | |
Total investment return based on market price(f) | | | | | (10.94)% | | | | | | (0.03)% | | | | | | 12.28% | | | | | | 16.28% | | | | | | (10.77)%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 249,575 | | | | | $ | 281,079 | | | | | $ | 578,517 | | | | | $ | 208,595 | | | | | $ | 76,010 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.20% | | | | | | 0.20% | | | | | | 0.22% | | | | | | 0.36% | | | | | | 0.36%(i) | | |
Expenses excluding waivers/reimbursements(h) | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36%(i) | | |
Net investment income (loss)(c) | | | | | 2.78% | | | | | | 3.03% | | | | | | 2.87% | | | | | | 2.55% | | | | | | 2.71%(i) | | |
Portfolio turnover rate(j) | | | | | 8% | | | | | | 13% | | | | | | 10% | | | | | | 8% | | | | | | 7% | | |
| | | IQ 50 Percent Hedged FTSE Europe ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period July 22, 2015(a) to April 30, 2016 | | ||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | �� | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 19.77 | | | | | $ | 20.33 | | | | | $ | 18.82 | | | | | $ | 17.63 | | | | | $ | 19.90 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.53 | | | | | | 1.37 | | | | | | 0.53 | | | | | | 0.62 | | | | | | 0.36 | | |
Net realized and unrealized gain (loss) | | | | | (2.73) | | | | | | (1.15) | | | | | | 1.43 | | | | | | 1.96 | | | | | | (2.41) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (2.20) | | | | | | 0.22 | | | | | | 1.96 | | | | | | 2.58 | | | | | | (2.05) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.52) | | | | | | (0.78) | | | | | | (0.45) | | | | | | (0.63) | | | | | | (0.22) | | |
Net realized gain | | | | | — | | | | | | — | | | | | | — | | | | | | (0.76) | | | | | | — | | |
Total distributions from net investment income and realized gains | | | | | (0.52) | | | | | | (0.78) | | | | | | (0.45) | | | | | | (1.39) | | | | | | (0.22) | | |
Net asset value, end of period | | | | $ | 17.05 | | | | | $ | 19.77 | | | | | $ | 20.33 | | | | | $ | 18.82 | | | | | $ | 17.63 | | |
Market price, end of period | | | | $ | 17.02 | | | | | $ | 19.77 | | | | | $ | 20.24 | | | | | $ | 18.90 | | | | | $ | 17.82 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (11.46)% | | | | | | 1.45% | | | | | | 10.58% | | | | | | 15.48% | | | | | | (10.33)% | | |
Total investment return based on market price(e) | | | | | (11.64)% | | | | | | 1.90% | | | | | | 9.59% | | | | | | 14.78% | | | | | | (9.38)%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 7,675 | | | | | $ | 8,895 | | | | | $ | 168,737 | | | | | $ | 81,845 | | | | | $ | 46,724 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.30% | | | | | | 0.30% | | | | | | 0.32% | | | | | | 0.46% | | | | | | 0.46%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.46% | | | | | | 0.47% | | | | | | 0.46% | | | | | | 0.46% | | | | | | 0.46%(h) | | |
Net investment income (loss)(c) | | | | | 2.72% | | | | | | 6.74% | | | | | | 2.68% | | | | | | 3.52% | | | | | | 2.65%(h) | | |
Portfolio turnover rate(i) | | | | | 6% | | | | | | 10% | | | | | | 10% | | | | | | 14% | | | | | | 10% | | |
| | | IQ 50 Percent Hedged FTSE Japan ETF | | |||||||||||||||||||||||||||
| | | For the Year Ended April 30, | | | For the Period July 22, 2015(a) to April 30, 2016 | | ||||||||||||||||||||||||
| | | 2020 | | | 2019 | | | 2018 | | | 2017 | | ||||||||||||||||||
Net asset value, beginning of period | | | | $ | 20.73 | | | | | $ | 22.42 | | | | | $ | 19.13 | | | | | $ | 17.33 | | | | | $ | 20.16 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.49 | | | | | | 0.30 | | | | | | 0.34 | | | | | | 0.27 | | | | | | 0.27 | | |
Net realized and unrealized gain (loss) | | | | | (1.32) | | | | | | (1.64) | | | | | | 3.30 | | | | | | 1.95 | | | | | | (3.10) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.83) | | | | | | (1.34) | | | | | | 3.64 | | | | | | 2.22 | | | | | | (2.83) | | |
Distributions from: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.73) | | | | | | (0.35) | | | | | | (0.35) | | | | | | (0.42) | | | | | | — | | |
Net asset value, end of period | | | | $ | 19.17 | | | | | $ | 20.73 | | | | | $ | 22.42 | | | | | $ | 19.13 | | | | | $ | 17.33 | | |
Market price, end of period | | | | $ | 18.90 | | | | | $ | 20.67 | | | | | $ | 22.30 | | | | | $ | 19.16 | | | | | $ | 17.83 | | |
Total Return | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (4.20)% | | | | | | (5.96)% | | | | | | 19.11% | | | | | | 13.18% | | | | | | (14.05)% | | |
Total investment return based on market price(e) | | | | | (5.25)% | | | | | | (5.71)% | | | | | | 18.29% | | | | | | 10.17% | | | | | | (11.56)%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 7,667 | | | | | $ | 6,218 | | | | | $ | 34,746 | | | | | $ | 27,740 | | | | | $ | 25,125 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.30% | | | | | | 0.30% | | | | | | 0.33% | | | | | | 0.46% | | | | | | 0.46%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.46% | | | | | | 0.46% | | | | | | 0.46% | | | | | | 0.46% | | | | | | 0.46%(h) | | |
Net investment income (loss)(c) | | | | | 2.41% | | | | | | 1.39% | | | | | | 1.61% | | | | | | 1.53% | | | | | | 1.85%(h) | | |
Portfolio turnover rate(i) | | | | | 7% | | | | | | 7% | | | | | | 6% | | | | | | 15% | | | | | | 11% | | |
| | | IQ Candriam ESG International Equity ETF | | |||
| | | For the Period December 17, 2019(a) to April 30, 2020 | | |||
Net asset value, beginning of period | | | | $ | 25.19 | | |
Income from Investment Operations | | | | | | | |
Net investment income(b)(c) | | | | | 0.26 | | |
Net realized and unrealized gain (loss) | | | | | (4.34) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (4.08) | | |
Distributions from: | | | | | | | |
Net investment income | | | | | (0.11) | | |
Net asset value, end of period | | | | $ | 21.00 | | |
Market price, end of period | | | | $ | 20.87 | | |
Total Return | | | | | | | |
Total investment return based on net asset value(d) | | | | | (16.18)% | | |
Total investment return based on market price(e) | | | | | (16.68)%(f) | | |
Ratios/Supplemental Data | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 46,196 | | |
Ratio to average net assets of: | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.15%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.16%(h) | | |
Net investment income (loss)(c) | | | | | 3.20%(h) | | |
Portfolio turnover rate(i) | | | | | 3% | | |
| | | IQ Candriam ESG U.S. Equity ETF | | |||
| | | For the Period December 17, 2019(a) to April 30, 2020 | | |||
Net asset value, beginning of period | | | | $ | 25.18 | | |
Income from Investment Operations | | | | | | | |
Net investment income(b)(c) | | | | | 0.15 | | |
Net realized and unrealized gain (loss) | | | | | (1.08) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (0.93) | | |
Distributions from: | | | | | | | |
Net investment income | | | | | (0.12) | | |
Net asset value, end of period | | | | $ | 24.13 | | |
Market price, end of period | | | | $ | 24.12 | | |
Total Return | | | | | | | |
Total investment return based on net asset value(d) | | | | | (3.59)% | | |
Total investment return based on market price(e) | | | | | (3.64)%(f) | | |
Ratios/Supplemental Data | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 6,034 | | |
Ratio to average net assets of: | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.09%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.11%(h) | | |
Net investment income (loss)(c) | | | | | 1.67%(h) | | |
Portfolio turnover rate(i) | | | | | 12% | | |
| | | IQ Chaikin U.S. Small Cap ETF | | |||||||||||||||
| | | For the Year Ended April 30, | | | For the Period May 16, 2017(a) to April 30, 2018 | | ||||||||||||
| | | 2020 | | | 2019 | | ||||||||||||
Net asset value, beginning of period | | | | $ | 25.72 | | | | | $ | 27.13 | | | | | $ | 25.16 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.28 | | | | | | 0.27 | | | | | | 0.16 | | |
Net realized and unrealized gain (loss) | | | | | (5.72) | | | | | | (1.39) | | | | | | 1.93 | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (5.44) | | | | | | (1.12) | | | | | | 2.09 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.26) | | | | | | (0.29) | | | | | | (0.12) | | |
Net asset value, end of period | | | | $ | 20.02 | | | | | $ | 25.72 | | | | | $ | 27.13 | | |
Market price, end of period | | | | $ | 20.02 | | | | | $ | 25.72 | | | | | $ | 27.14 | | |
Total Return | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(d) | | | | | (21.35)% | | | | | | (4.10)% | | | | | | 8.33% | | |
Total investment return based on market price(e) | | | | | (21.34)% | | | | | | (4.14)% | | | | | | 8.36%(f) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000's omitted) | | | | $ | 103,108 | | | | | $ | 348,555 | | | | | $ | 465,347 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(g) | | | | | 0.35% | | | | | | 0.35% | | | | | | 0.35%(h) | | |
Expenses excluding waivers/reimbursements(g) | | | | | 0.36% | | | | | | 0.36% | | | | | | 0.36%(h) | | |
Net investment income (loss)(c) | | | | | 1.14% | | | | | | 1.01% | | | | | | 0.61%(h) | | |
Portfolio turnover rate(i) | | | | | 43% | | | | | | 57% | | | | | | 106% | | |
| | | IQ Chaikin U.S. Large Cap ETF | | |||||||||||||||
| | | For the Year Ended April 30, | | | For the Period December 13, 2017(a) to April 30, 2018 | | ||||||||||||
| | | 2020 | | | 2019 | | ||||||||||||
Net asset value, beginning of period | | | | $ | 24.75 | | | | | $ | 25.30 | | | | | $ | 25.05 | | |
Income from Investment Operations | | | | | | | | | | | | | | | | | | | |
Net investment income(b)(c) | | | | | 0.58 | | | | | | 0.48 | | | | | | 0.15 | | |
Net realized and unrealized gain (loss | | | | | (2.80) | | | | | | (0.53) | | | | | | 0.18(d) | | |
Net increase (decrease) in net assets resulting from investment operations | | | | | (2.22) | | | | | | (0.05) | | | | | | 0.33 | | |
Distributions from: | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.58) | | | | | | (0.50) | | | | | | (0.08) | | |
Net asset value, end of period | | | | $ | 21.95 | | | | | $ | 24.75 | | | | | $ | 25.30 | | |
Market price, end of period | | | | $ | 21.92 | | | | | $ | 24.75 | | | | | $ | 25.30 | | |
Total Return | | | | | | | | | | | | | | | | | | | |
Total investment return based on net asset value(e) | | | | | (9.04)% | | | | | | (0.13)% | | | | | | 1.31% | | |
Total investment return based on market price(f) | | | | | (9.18)% | | | | | | (0.13)% | | | | | | 1.32%(g) | | |
Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000's omitted) | | | | $ | 220,630 | | | | | $ | 278,412 | | | | | $ | 320,000 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | |
Expenses net of waivers/reimbursements(h) | | | | | 0.25% | | | | | | 0.25% | | | | | | 0.25%(i) | | |
Expenses excluding waivers/reimbursements(h) | | | | | 0.26% | | | | | | 0.26% | | | | | | 0.26%(i) | | |
Net investment income (loss)(c) | | | | | 2.35% | | | | | | 1.97% | | | | | | 1.59%(i) | | |
Portfolio turnover rate(j) | | | | | 58% | | | | | | 52% | | | | | | 94% | | |
Funds | | | Diversification Policy | | | Commencement of Operations Date | |
IQ Hedge Multi-Strategy Tracker ETF* | | | Diversified | | | March 25, 2009 | |
IQ Hedge Macro Tracker ETF* | | | Diversified | | | June 9, 2009 | |
IQ Hedge Market Neutral Tracker ETF* | | | Diversified | | | October 4, 2012 | |
IQ Hedge Long/Short Tracker ETF* | | | Diversified | | | March 24, 2015 | |
IQ Hedge Event-Driven Tracker ETF* | | | Diversified | | | March 24, 2015 | |
IQ Real Return ETF* | | | Diversified | | | October 27, 2009 | |
IQ Leaders GTAA Tracker ETF* | | | Diversified | | | September 30, 2015 | |
IQ Enhanced Core Plus Bond U.S. ETF* | | | Diversified | | | May 10, 2016 | |
IQ Short Duration Enhanced Core Bond U.S. ETF* | | | Diversified | | | December 18, 2018 | |
IQ S&P High Yield Low Volatility Bond ETF | | | Diversified | | | February 15, 2017 | |
IQ Merger Arbitrage ETF | | | Non-diversified | | | November 17, 2009 | |
IQ Global Resources ETF | | | Non-diversified | | | October 27, 2009 | |
IQ Global Agribusiness Small Cap ETF | | | Non-diversified | | | March 22, 2011 | |
IQ U.S. Real Estate Small Cap ETF | | | Non-diversified | | | June 14, 2011 | |
IQ 500 International ETF | | | Diversified | | | December 13, 2018 | |
IQ 50 Percent Hedged FTSE International ETF | | | Diversified | | | July 22, 2015 | |
IQ 50 Percent Hedged FTSE Europe ETF | | | Diversified | | | July 22, 2015 | |
IQ 50 Percent Hedged FTSE Japan ETF | | | Diversified | | | July 22, 2015 | |
IQ Candriam ESG International Equity ETF | | | Diversified | | | December 17, 2019 | |
IQ Candriam ESG U.S. Equity ETF | | | Diversified | | | December 17, 2019 | |
IQ Chaikin U.S. Small Cap ETF | | | Diversified | | | May 16, 2017 | |
IQ Chaikin U.S. Large Cap ETF | | | Diversified | | | December 13, 2017 | |
| Fund | | | Underlying Index | |
| IQ Hedge Multi-Strategy Tracker ETF | | | IQ Hedge Multi-Strategy Index | |
| IQ Hedge Macro Tracker ETF | | | IQ Hedge Macro Index | |
| IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Market Neutral Index | |
| IQ Hedge Long/Short Tracker ETF | | | IQ Hedge Long/Short Index | |
| IQ Hedge Event-Driven Tracker ETF | | | IQ Hedge Event-Driven Index | |
| IQ Real Return ETF | | | IQ Real Return Index | |
| IQ Leaders GTAA Tracker ETF | | | IQ Leaders GTAA Index | |
| IQ Enhanced Core Plus Bond U.S. ETF | | | IQ Enhanced Core Plus Bond U.S. Index | |
| IQ Short Duration Enhanced Core Bond U.S. ETF | | | IQ Short Duration Enhanced Core Bond U.S. Index | |
| IQ S&P High Yield Low Volatility Bond ETF | | | S&P U.S. High Yield Low Volatility Corporate Bond Index | |
| IQ Merger Arbitrage ETF | | | IQ Merger Arbitrage Index | |
| IQ Global Resources ETF | | | IQ Global Resources Index | |
| IQ Global Agribusiness Small Cap ETF | | | IQ Global Agribusiness Small Cap Index | |
| IQ U.S. Real Estate Small Cap ETF | | | IQ U.S. Real Estate Small Cap Index | |
| IQ 500 International ETF | | | IQ 500 International Index | |
| IQ 50 Percent Hedged FTSE International ETF | | | FTSE Developed ex North America 50% Hedged to USD Index | |
| IQ 50 Percent Hedged FTSE Europe ETF | | | FTSE Developed Europe 50% Hedged to USD Index | |
| IQ 50 Percent Hedged FTSE Japan ETF | | | FTSE Japan 50% Hedged to USD Index | |
| IQ Candriam ESG International Equity ETF | | | IQ Candriam ESG International Equity Index | |
| IQ Candriam ESG U.S. Equity ETF | | | IQ Candriam ESG US Equity Index | |
| IQ Chaikin U.S. Small Cap ETF | | | NASDAQ Chaikin Power U.S. Small Cap Index | |
| IQ Chaikin U.S. Large Cap ETF | | | NASDAQ Chaikin Power U.S. Large Cap Index | |
| | | Money Market Mutual Fund | | | U.S. Government Securities | | ||||||||||||||||||||||||
Fund | | | Overnight and Continuous | | | <30 Days | | | Between 30 & 90 Days | | | >90 Days | | | Total | | |||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 87,019,645 | | | | | $ | 173,711 | | | | | $ | 1,044,385 | | | | | $ | 80,047,565 | | | | | $ | 168,285,306 | | |
IQ Hedge Macro Tracker ETF | | | | | 234,871 | | | | | | — | | | | | | 3,619 | | | | | | 98,852 | | | | | | 337,342 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 3,346,998 | | | | | | — | | | | | | 4,368 | | | | | | 470,204 | | | | | | 3,821,570 | | |
IQ Hedge Long/Short Tracker ETF | | | | | 955,259 | | | | | | 1,016 | | | | | | 11,200 | | | | | | 2,130,939 | | | | | | 3,098,414 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 2,226,451 | | | | | | — | | | | | | 87 | | | | | | 86,096 | | | | | | 2,312,634 | | |
IQ Real Return ETF | | | | | 8,787,643 | | | | | | 16,020 | | | | | | 88,463 | | | | | | 6,458,404 | | | | | | 15,350,530 | | |
IQ Leaders GTAA Tracker ETF | | | | | 588,340 | | | | | | 2,128 | | | | | | 63,657 | | | | | | 2,591,773 | | | | | | 3,245,898 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 1,243,000 | | | | | | 1,259 | | | | | | 6,670 | | | | | | 166,154 | | | | | | 1,417,083 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 11,650 | | | | | | — | | | | | | — | | | | | | — | | | | | | 11,650 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 400,640 | | | | | | 1,095 | | | | | | 5,804 | | | | | | 144,570 | | | | | | 552,109 | | |
IQ Merger Arbitrage ETF | | | | | 14,289,956 | | | | | | 56,460 | | | | | | 751,582 | | | | | | 17,746,061 | | | | | | 32,844,059 | | |
IQ Global Resources ETF | | | | | 242,458 | | | | | | 202 | | | | | | 4,363 | | | | | | 153,972 | | | | | | 400,995 | | |
IQ Global Agribusiness Small Cap ETF | | | | | 528,622 | | | | | | 2,620 | | | | | | 6,374 | | | | | | 535,589 | | | | | | 1,073,205 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 947,367 | | | | | | 2,739 | | | | | | 38,605 | | | | | | 6,032,522 | | | | | | 7,021,233 | | |
IQ 500 International ETF | | | | | 9,440,603 | | | | | | — | | | | | | — | | | | | | 118,087 | | | | | | 9,558,690 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 8,900,910 | | | | | | — | | | | | | — | | | | | | 1,103,547 | | | | | | 10,004,457 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 371,799 | | | | | | — | | | | | | — | | | | | | — | | | | | | 371,799 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 84,985 | | | | | | — | | | | | | — | | | | | | 12,470 | | | | | | 97,455 | | |
IQ Candriam ESG International Equity ETF | | | | | 531,802 | | | | | | — | | | | | | 628 | | | | | | 43,327 | | | | | | 575,757 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 3,669 | | | | | | 722 | | | | | | 6,068 | | | | | | 166,231 | | | | | | 176,690 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 3,062,369 | | | | | | 11,104 | | | | | | 134,882 | | | | | | 7,069,936 | | | | | | 10,278,291 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Macro Tracker ETF
IQ Hedge Market Neutral Tracker ETF
IQ Hedge Long/Short Tracker ETF
IQ Hedge Event-Driven Tracker ETF
IQ Leaders GTAA Tracker ETF
IQ Merger Arbitrage ETF
IQ Global Resources ETF
| | | Assets | | | Liabilities | | ||||||||||||||||||||||||||||||
Fund | | | Gross Amounts Presented in Statements of Assets and Liabilities | | | Collateral Received(1) | | | Net Amount | | | Gross Amounts Presented in Statements of Assets and Liabilities | | | Collateral Pledged | | | Net Amount | | ||||||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 163,756,749 | | | | | $ | (163,756,749) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
IQ Hedge Macro Tracker ETF | | | | | 329,299 | | | | | | (329,299) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 3,719,092 | | | | | | (3,719,092) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | 3,088,322 | | | | | | (3,088,322) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 2,250,175 | | | | | | (2,250,175) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Real Return ETF | | | | | 14,995,441 | | | | | | (14,995,441) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Leaders GTAA Tracker ETF | | | | | 3,157,133 | | | | | | (3,157,133) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 1,386,262 | | | | | | (1,386,262) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 11,399 | | | | | | (11,399) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 531,180 | | | | | | (531,180) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | 31,273,273 | | | | | | (31,273,273) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Resources ETF | | | | | 380,569 | | | | | | (380,569) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Agribusiness Small Cap ETF | | | | | 1,004,606 | | | | | | (1,004,606) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 6,683,363 | | | | | | (6,683,363) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ 500 International ETF | | | | | 8,946,555 | | | | | | (8,946,555) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 9,313,923 | | | | | | (9,313,923) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 344,343 | | | | | | (344,343) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 89,748 | | | | | | (89,748) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Candriam ESG International Equity ETF | | | | | 540,365 | | | | | | (540,365) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 169,347 | | | | | | (169,347) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 9,665,767 | | | | | | (9,665,767) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Fund | | | Gross Amounts of Assets Presented in Statements of Assets and Liabilities | | | Financial Instruments and Derivatives Available for Offset | | | Net Amount of Derivatives Assets | | | Gross Amounts of Liabilities Presented in Statements of Assets and Liabilities | | | Financial Instruments and Derivatives Available for Offset | | | Collateral Received/ (Pledged)* | | | Net Amount of Derivatives Liabilities | | |||||||||||||||||||||
IQ 50 Percent Hedged FTSE International ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Morgan Stanley | | | | $ | 273,137 | | | | | $ | (273,137) | | | | | $ | — | | | | | $ | 1,258,694 | | | | | $ | (273,137) | | | | | $ | (985,557) | | | | | $ | — | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Morgan Stanley | | | | $ | 5,759 | | | | | $ | (5,759) | | | | | $ | — | | | | | $ | 20,099 | | | | | $ | (5,759) | | | | | $ | — | | | | | $ | 14,340 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Bank of America | | | | $ | 103 | | | | | $ | (103) | | | | | $ | — | | | | | $ | 31,276 | | | | | $ | (103) | | | | | $ | — | | | | | $ | 31,173 | | |
Fund | | | Rate | | |||
IQ Hedge Multi-Strategy Tracker ETF | | | | | 0.75% | | |
IQ Hedge Macro Tracker ETF | | | | | 0.75% | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 0.75% | | |
IQ Hedge Long/Short Tracker ETF | | | | | 0.75% | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 0.75% | | |
IQ Real Return ETF | | | | | 0.48% | | |
IQ Leaders GTAA Tracker ETF | | | | | 0.45% | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.25% | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 0.20% | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.40% | | |
IQ Merger Arbitrage ETF | | | | | 0.75% | | |
IQ Global Resources ETF | | | | | 0.75% | | |
IQ Global Agribusiness Small Cap ETF | | | | | 0.75% | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 0.69% | | |
IQ 500 International ETF | | | | | 0.25% | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 0.35% | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 0.45% | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 0.45% | | |
IQ Candriam ESG International Equity ETF | | | | | 0.15% | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 0.09% | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 0.35% | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 0.25% | | |
Fund | | | Rate | | |||
IQ Hedge Multi-Strategy Tracker ETF | | | | | 0.22% | | |
IQ Hedge Macro Tracker ETF | | | | | 0.35%* | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 0.35%* | | |
IQ Hedge Long/Short Tracker ETF | | | | | 0.35%* | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 0.35%* | | |
IQ Real Return ETF | | | | | 0.28% | | |
IQ Leaders GTAA Tracker ETF | | | | | 0.23% | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.05% | | |
Fund | | | Rate | | | Expires | | ||||||
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 0.20% | | | | | | 8/31/2020 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.40% | | | | | | 8/31/2020 | | |
IQ 500 International ETF | | | | | 0.25% | | | | | | 8/31/2020 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 0.20% | | | | | | 8/31/2020 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 0.30% | | | | | | 8/31/2020 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 0.30% | | | | | | 8/31/2020 | | |
IQ Candriam ESG International Equity ETF | | | | | 0.15% | | | | | | 8/31/2021 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 0.09% | | | | | | 8/31/2021 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 0.35% | | | | | | 8/31/2020 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 0.25% | | | | | | 8/31/2020 | | |
Fund | | | Cost | | | Gross Unrealized Appreciation | | | Gross Unrealized Depreciation | | | Net Unrealized Appreciation/ (Depreciation) | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 831,865,107 | | | | | $ | 20,266,198 | | | | | $ | (22,684,863) | | | | | | (2,418,665) | | |
IQ Hedge Macro Tracker ETF | | | | | 4,087,656 | | | | | | 141,885 | | | | | | (153,695) | | | | | | (11,810) | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 21,554,452 | | | | | | 374,619 | | | | | | (514,994) | | | | | | (140,375) | | |
IQ Hedge Long/Short Tracker ETF | | | | | 11,670,696 | | | | | | 418,074 | | | | | | (342,368) | | | | | | 75,706 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 10,865,636 | | | | | | 127,093 | | | | | | (413,349) | | | | | | (286,256) | | |
IQ Real Return ETF | | | | | 60,669,961 | | | | | | 371,242 | | | | | | (1,060,284) | | | | | | (689,042) | | |
IQ Leaders GTAA Tracker ETF | | | | | 13,141,655 | | | | | | 268,773 | | | | | | (854,155) | | | | | | (585,382) | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 69,292,347 | | | | | | 966,185 | | | | | | (12,076) | | | | | | 954,109 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 4,865,017 | | | | | | 12,635 | | | | | | (541) | | | | | | 12,094 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 52,060,822 | | | | | | 319,192 | | | | | | (1,135,410) | | | | | | (816,218) | | |
IQ Merger Arbitrage ETF | | | | | 799,086,438 | | | | | | 11,556,947 | | | | | | (90,963,355) | | | | | | (79,406,408) | | |
IQ Global Resources ETF | | | | | 27,497,312 | | | | | | 1,239,788 | | | | | | (5,258,499) | | | | | | (4,018,711) | | |
IQ Global Agribusiness Small Cap ETF | | | | | 8,348,687 | | | | | | 854,236 | | | | | | (1,558,567) | | | | | | (704,331) | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 60,624,502 | | | | | | 4,282,104 | | | | | | (23,309,257) | | | | | | (19,027,153) | | |
IQ 500 International ETF | | | | | 284,688,382 | | | | | | 2,768,206 | | | | | | (57,685,321) | | | | | | (54,917,115) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 322,150,367 | | | | | | 12,096,824 | | | | | | (75,662,537) | | | | | | (63,565,713) | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 10,492,443 | | | | | | 510,096 | | | | | | (2,941,962) | | | | | | (2,431,866) | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 8,261,977 | | | | | | 288,780 | | | | | | (819,683) | | | | | | (530,903) | | |
IQ Candriam ESG International Equity ETF | | | | | 47,024,146 | | | | | | 1,802,027 | | | | | | (2,188,313) | | | | | | (386,286) | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 6,300,337 | | | | | | 322,784 | | | | | | (591,534) | | | | | | (268,750) | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 102,588,049 | | | | | | 12,604,441 | | | | | | (9,048,023) | | | | | | 3,556,418 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 210,524,987 | | | | | | 21,513,765 | | | | | | (11,580,415) | | | | | | 9,933,350 | | |
Fund | | | Ordinary Income (Loss)1 | | | Net Capital Gain (Losses)2 | | | Net Unrealized Appreciation/ Depreciation | | | Total Earnings/ (Losses) | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 15,261,072 | | | | | $ | (72,721,325) | | | | | $ | (2,418,666) | | | | | $ | (59,878,919) | | |
IQ Hedge Macro Tracker ETF | | | | | 106,850 | | | | | | (5,601,397) | | | | | | (11,810) | | | | | | (5,506,357) | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 341,519 | | | | | | (479,825) | | | | | | (140,375) | | | | | | (278,681) | | |
IQ Hedge Long/Short Tracker ETF | | | | | 49,840 | | | | | | (715,099) | | | | | | 75,706 | | | | | | (589,553) | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 78,974 | | | | | | (146,576) | | | | | | (286,256) | | | | | | (353,858) | | |
IQ Real Return ETF | | | | | 285,776 | | | | | | (2,243,087) | | | | | | (689,042) | | | | | | (2,646,353) | | |
IQ Leaders GTAA Tracker ETF | | | | | (40,819) | | | | | | (2,801,562) | | | | | | (585,382) | | | | | | (3,427,763) | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | — | | | | | | (16,056,882) | | | | | | 954,109 | | | | | | (15,102,773) | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | — | | | | | | (295,030) | | | | | | 12,094 | | | | | | (282,936) | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 181,962 | | | | | | (3,867,568) | | | | | | (816,218) | | | | | | (4,501,824) | | |
IQ Merger Arbitrage ETF | | | | | 29,165,487 | | | | | | (7,888,037) | | | | | | (79,411,265) | | | | | | (58,133,815) | | |
IQ Global Resources ETF | | | | | 2,041,648 | | | | | | (60,635,661) | | | | | | (4,022,510) | | | | | | (62,616,523) | | |
IQ Global Agribusiness Small Cap ETF | | | | | — | | | | | | (7,985,970) | | | | | | (703,988) | | | | | | (8,689,958) | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | (6,474,785) | | | | | | (19,027,153) | | | | | | (25,501,938) | | |
IQ 500 International ETF | | | | | 2,033,502 | | | | | | (1,271,099) | | | | | | (54,910,627) | | | | | | (54,148,224) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 1,184,828 | | | | | | (2,044,954) | | | | | | (63,563,826) | | | | | | (64,423,952) | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 1,244 | | | | | | (2,169,921) | | | | | | (2,440,212) | | | | | | (4,608,889) | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 69,207 | | | | | | (1,752,023) | | | | | | (529,988) | | | | | | (2,212,804) | | |
IQ Candriam ESG International Equity ETF | | | | | 119,262 | | | | | | (29,240) | | | | | | (385,644) | | | | | | (295,622) | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 8,227 | | | | | | (12,689) | | | | | | (268,750) | | | | | | (273,212) | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | (80,434,100) | | | | | | 3,556,418 | | | | | | (76,877,682) | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 294,570 | | | | | | (75,399,871) | | | | | | 9,933,350 | | | | | | (65,171,951) | | |
Fund | | | Total distributable earnings/ (accumulated loss) | | | Paid-in capital | | ||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | (4,839,832) | | | | | $ | 4,839,832 | | |
IQ Hedge Macro Tracker ETF | | | | | (47,543) | | | | | | 47,543 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | (50,012) | | | | | | 50,012 | | |
IQ Hedge Long/Short Tracker ETF | | | | | (172,596) | | | | | | 172,596 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 59,590 | | | | | | (59,590) | | |
IQ Real Return ETF | | | | | (25,971) | | | | | | 25,971 | | |
IQ Leaders GTAA Tracker ETF | | | | | (1,780,863) | | | | | | 1,780,863 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | (1,970,362) | | | | | | 1,970,362 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | (202,707) | | | | | | 202,707 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 1,402,757 | | | | | | (1,402,757) | | |
IQ Merger Arbitrage ETF | | | | | (29,905,985) | | | | | | 29,905,985 | | |
IQ Global Resources ETF | | | | | (7,161,065) | | | | | | 7,161,065 | | |
IQ Global Agribusiness Small Cap ETF | | | | | (318,290) | | | | | | 318,290 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 2,096,484 | | | | | | (2,096,484) | | |
IQ 500 International ETF | | | | | (6,154,434) | | | | | | 6,154,434 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 7,026,141 | | | | | | (7,026,141) | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 5 | | | | | | (5) | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | (257,992) | | | | | | 257,992 | | |
IQ Candriam ESG International Equity ETF | | | | | — | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | (73,117) | | | | | | 73,117 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | (1,402,565) | | | | | | 1,402,565 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | (12,235,608) | | | | | | 12,235,608 | | |
| | | 2020 | | | 2019 | | ||||||||||||||||||||||||||||||
Fund | | | Ordinary Income | | | Long-Term Capital Gains | | | Tax Return of Capital | | | Ordinary Income | | | Long-Term Capital Gains | | | Tax Return of Capital | | ||||||||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 16,163,950 | | | | | $ | — | | | | | $ | — | | | | | $ | 24,498,116 | | | | | $ | — | | | | | $ | — | | |
IQ Hedge Macro Tracker ETF | | | | | 54,164 | | | | | | — | | | | | | — | | | | | | 69,928 | | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 239,729 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | 123,690 | | | | | | — | | | | | | — | | | | | | 190,276 | | | | | | — | | | | | | — | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 157,392 | | | | | | — | | | | | | — | | | | | | 129,849 | | | | | | — | | | | | | — | | |
IQ Real Return ETF | | | | | 1,185,760 | | | | | | — | | | | | | — | | | | | | 730,380 | | | | | | — | | | | | | — | | |
IQ Leaders GTAA Tracker ETF | | | | | 1,040,313 | | | | | | — | | | | | | — | | | | | | 1,367,155 | | | | | | — | | | | | | — | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 3,150,736 | | | | | | — | | | | | | — | | | | | | 6,882,062 | | | | | | — | | | | | | — | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 225,037 | | | | | | — | | | | | | — | | | | | | 28,586 | | | | | | — | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 2,787,812 | | | | | | — | | | | | | — | | | | | | 3,901,103 | | | | | | — | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Resources ETF | | | | | 2,539,080 | | | | | | — | | | | | | — | | | | | | 1,346,949 | | | | | | — | | | | | | — | | |
IQ Global Agribusiness Small Cap ETF | | | | | 91,643 | | | | | | — | | | | | | — | | | | | | 98,945 | | | | | | — | | | | | | — | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 1,633,256 | | | | | | — | | | | | | 1,775,536 | | | | | | 2,374,318 | | | | | | — | | | | | | 2,583,466 | | |
IQ 500 International ETF | | | | | 3,080,969 | | | | | | — | | | | | | — | | | | | | 15,344 | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 7,874,573 | | | | | | — | | | | | | — | | | | | | 18,743,014 | | | | | | 721,412 | | | | | | — | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 236,012 | | | | | | — | | | | | | — | | | | | | 417,662 | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 181,753 | | | | | | — | | | | | | — | | | | | | 545,585 | | | | | | — | | | | | | — | | |
IQ Candriam ESG International Equity ETF | | | | | 50,904 | | | | | | — | | | | | | — | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 30,853 | | | | | | — | | | | | | — | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 2,340,043 | | | | | | — | | | | | | — | | | | | | 4,624,785 | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 6,034,101 | | | | | | — | | | | | | — | | | | | | 7,178,905 | | | | | | — | | | | | | — | | |
Fund | | | Late Year Ordinary Gains/(Losses) | | | Short-Term Post October Gains/(Losses) | | | Long-Term Post October Gains/(Losses) | | |||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
IQ Hedge Macro Tracker ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Hedge Event-Driven Tracker ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Real Return ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Leaders GTAA Tracker ETF | | | | | (40,819) | | | | | | (883,125) | | | | | | (104,229) | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Resources ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Global Agribusiness Small Cap ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ 500 International ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Candriam ESG International Equity ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | — | | | | | | — | | |
Fund | | | Utilized in Current Year | | | Short-Term With No Expiration | | | Long-Term With No Expiration | | |||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | — | | | | | $ | 70,903,956 | | | | | $ | 1,817,369 | | |
IQ Hedge Macro Tracker ETF | | | | | — | | | | | | 4,384,500 | | | | | | 1,216,897 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | — | | | | | | 479,825 | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | — | | | | | | 522,006 | | | | | | 193,093 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | — | | | | | | 108,259 | | | | | | 38,317 | | |
IQ Real Return ETF | | | | | 107,379 | | | | | | 1,298,633 | | | | | | 944,454 | | |
IQ Leaders GTAA Tracker ETF | | | | | — | | | | | | 1,661,927 | | | | | | 152,281 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 4,009,883 | | | | | | 15,277,824 | | | | | | 779,058 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | — | | | | | | 295,030 | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | — | | | | | | 3,086,322 | | | | | | 781,246 | | |
IQ Merger Arbitrage ETF | | | | | 5,042,789 | | | | | | 7,888,037 | | | | | | — | | |
IQ Global Resources ETF | | | | | — | | | | | | 33,383,108 | | | | | | 27,252,553 | | |
IQ Global Agribusiness Small Cap ETF | | | | | — | | | | | | 2,744,258 | | | | | | 5,241,712 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | 1,188,391 | | | | | | 5,286,394 | | |
IQ 500 International ETF | | | | | — | | | | | | 1,206,853 | | | | | | 64,246 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 1,437,069 | | | | | | — | | | | | | 2,044,954 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 76,219 | | | | | | — | | | | | | 2,169,921* | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | — | | | | | | 837,471 | | | | | | 914,552 | | |
IQ Candriam ESG International Equity ETF | | | | | — | | | | | | 29,240 | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | | | | | | | 12,689 | | | | | | — | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | 37,902,373 | | | | | | 42,531,727 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | 38,300,899 | | | | | | 37,098,972 | | |
Fund | | | % Ownership | | |||
IQ Hedge Long/Short Tracker ETF | | | | | 45.1% | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 57.9% | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 60.0% | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 37.8% | | |
IQ 500 International ETF | | | | | 2.0% | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 79.4% | | |
IQ Candriam ESG International Equity ETF | | | | | 18.1% | | |
Fund | | | % Ownership | | |||
IQ 500 International ETF | | | | | 96.5% | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 50.4% | | |
IQ Candriam ESG International Equity ETF | | | | | 78.1% | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 68.8% | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 96.5% | | |
Fund | | | Purchases | | | Sales | | | Purchases In-Kind | | | Sales In-Kind | | ||||||||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | $ | 1,396,907,245 | | | | | $ | 1,389,136,579 | | | | | $ | 108,326,474 | | | | | $ | 337,532,547 | | |
IQ Hedge Macro Tracker ETF | | | | | 4,975,238 | | | | | | 4,907,909 | | | | | | — | | | | | | 1,341,028 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | 11,693,779 | | | | | | 11,488,330 | | | | | | 5,064,465 | | | | | | 2,638,539 | | |
IQ Hedge Long/Short Tracker ETF | | | | | 9,676,221 | | | | | | 9,510,814 | | | | | | 8,784,247 | | | | | | 4,409,706 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | 4,395,598 | | | | | | 4,363,618 | | | | | | 8,606,898 | | | | | | 4,081,689 | | |
IQ Real Return ETF | | | | | 37,346,927 | | | | | | 37,385,086 | | | | | | — | | | | | | 4,103,791 | | |
IQ Leaders GTAA Tracker ETF | | | | | 44,151,542 | | | | | | 44,316,576 | | | | | | 15,711,949 | | | | | | 46,718,844 | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | 317,018,848 | | | | | | 316,986,498 | | | | | | 10,758,879 | | | | | | 102,922,667 | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 9,424,277 | | | | | | 10,147,083 | | | | | | 20,415,539 | | | | | | 18,516,989 | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | 80,143,996 | | | | | | 64,771,905 | | | | | | 870,907 | | | | | | 26,359,187 | | |
IQ Merger Arbitrage ETF | | | | | 2,628,944,132 | | | | | | 2,468,283,271 | | | | | | 677,038,401 | | | | | | 984,451,977 | | |
IQ Global Resources ETF | | | | | 95,993,074 | | | | | | 96,571,713 | | | | | | 1,202,136 | | | | | | 134,846,442 | | |
IQ Global Agribusiness Small Cap ETF | | | | | 1,594,193 | | | | | | 1,503,784 | | | | | | — | | | | | | 1,669,097 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | 15,845,809 | | | | | | 16,825,844 | | | | | | 3,669,064 | | | | | | 14,038,271 | | |
IQ 500 International ETF | | | | | 26,502,083 | | | | | | 19,742,006 | | | | | | 280,958,813 | | | | | | 97,261,535 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 26,785,138 | | | | | | 19,625,300 | | | | | | 124,344,360 | | | | | | 111,683,175 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 751,262 | | | | | | 549,455 | | | | | | — | | | | | | — | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 359,527 | | | | | | 563,065 | | | | | | 6,851,689 | | | | | | 4,950,542 | | |
IQ Candriam ESG International Equity ETF | | | | | 1,940,893 | | | | | | 497,110 | | | | | | 45,031,838 | | | | | | — | | |
IQ Candriam ESG U.S. Equity ETF | | | | | 694,787 | | | | | | 691,799 | | | | | | 10,070,806 | | | | | | 3,842,586 | | |
IQ Chaikin U.S. Small Cap ETF | | | | | 89,586,948 | | | | | | 89,058,712 | | | | | | 4,616,187 | | | | | | 216,474,918 | | |
IQ Chaikin U.S. Large Cap ETF | | | | | 152,349,402 | | | | | | 151,697,203 | | | | | | 168,386,886 | | | | | | 201,709,021 | | |
| | | Currency Risk | | |||
IQ 50 Percent Hedged FTSE International ETF | | | |||||
Unrealized appreciation on forward foreign currency contracts | | | | $ | 273,137 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | | | |
Unrealized appreciation on forward foreign currency contracts | | | | | 5,759 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | | | |
Unrealized appreciation on forward foreign currency contracts | | | | | 103 | | |
| | | Currency Risk | | |||
IQ 50 Percent Hedged FTSE International ETF | | | | | | | |
Unrealized depreciation on forward foreign currency contracts | | | | $ | 1,258,694 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | | | |
Unrealized depreciation on forward foreign currency contracts | | | | | 20,099 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | | | |
Unrealized depreciation on forward foreign currency contracts | | | | | 31,276 | | |
Fund | | | Currency Risk | | | Equity Risk | | |||
IQ Hedge Multi-Strategy Tracker ETF | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | |
Swap transactions | | | | | | | $ | (162,241) | | |
IQ Hedge Macro Tracker ETF | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | |
Swap transactions | | | | | | | $ | 7,567 | | |
IQ Hedge Market Neutral Tracker ETF | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | |
Swap transactions | | | | | | | $ | (2,626) | | |
IQ Hedge Long/Short Tracker ETF | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | |
Swap transactions | | | | | | | $ | 18,064 | | |
IQ Hedge Event-Driven Tracker ETF | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | |
Swap transactions | | | | | | | $ | 2,647 | | |
|
Fund | | | Currency Risk | | | Equity Risk | | ||||||
IQ Leaders GTAA Tracker ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (387,021) | | |
IQ Merger Arbitrage ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | 58,327,608 | | |
IQ Global Resources ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Swap transactions | | | | | | | | | | $ | (1,057,162) | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 6,197,986 | | | | | | | | |
Change in unrealized appreciation (depreciation) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | (2,213,145) | | | | | | | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | 212,939 | | | | | | | | |
Change in unrealized appreciation (depreciation) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | (43,278) | | | | | | | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | | | | | | | | | |
Realized gain (loss) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | (74,952) | | | | | | | | |
Change in unrealized appreciation (depreciation) | | | | | | | | | | | | | |
Forward foreign currency contracts | | | | $ | (56,090) | | | | | | | | |
|
| | | Average Notional Value | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | IQ Hedge Multi- Strategy Tracker ETF | | | IQ Hedge Macro Tracker ETF | | | IQ Hedge Market Neutral Tracker ETF | | | IQ Hedge Long/ Short Tracker ETF | | | IQ Hedge Event- Driven Tracker ETF | | | IQ Leaders GTAA Tracker ETF | | | IQ Merger Arbitrage ETF | | | IQ Global Resources ETF | | | IQ 50 Percent Hedged FTSE International ETF | | | IQ 50 Percent Hedged FTSE Europe ETF | | | IQ 50 Percent Hedged FTSE Japan ETF | | |||||||||||||||||||||||||||||||||
Asset Derivatives | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Swap contracts | | | | $ | 84,085,827 | | | | | $ | 471,108 | | | | | $ | 1,505,339 | | | | | $ | 708,471 | | | | | $ | 127,513 | | | | | $ | 3,713,719 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 406,502,325 | | | | | | 13,081,548 | | | | | | 8,684,673 | | |
Liability Derivatives | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Swap contracts | | | | $ | (84,556,628) | | | | | $ | (472,712) | | | | | $ | (1,506,162) | | | | | $ | (713,601) | | | | | $ | (127,559) | | | | | $ | (3,708,222) | | | | | $ | (292,897,497) | | | | | $ | (21,587,771) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Forward foreign currency contracts | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (406,156,509) | | | | | | (13,068,080) | | | | | | (8,693,860) | | |
| | Individual Fund Comprising the IndexIQ ETF Trust | | | | Statement of Operations | | | | Statements of Changes in Net Assets | | | | Financial Highlights | | |
| | IQ Hedge Multi-Strategy Tracker ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020, 2019, 2018, 2017 and 2016 | | |
| | IQ Hedge Macro Tracker ETF | | | ||||||||||||
| | IQ Hedge Market Neutral Tracker ETF | | | ||||||||||||
| | IQ Hedge Long/Short Tracker ETF | | | ||||||||||||
| | IQ Hedge Event-Driven Tracker ETF | | | ||||||||||||
| | IQ Real Return ETF | | | ||||||||||||
| | IQ Merger Arbitrage ETF | | | ||||||||||||
| | IQ Global Resources ETF | | | ||||||||||||
| | IQ Global Agribusiness Small Cap ETF | | | ||||||||||||
| | IQ U.S. Real Estate Small Cap ETF | | | ||||||||||||
| | IQ 50 Percent Hedged FTSE International ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020, 2019, 2018 and 2017, and the period from July 22, 2015 (commencement of operations) through April 30, 2016 | | |
| | IQ 50 Percent Hedged FTSE Europe ETF IQ 50 Percent Hedged FTSE Japan ETF | | | ||||||||||||
| | IQ Leaders GTAA Tracker ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020, 2019, 2018 and 2017, and the period from September 30, 2015 (commencement of operations) through April 30, 2016 | | |
| | IQ Enhanced Core Plus Bond U.S. ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020, 2019 and 2018, and the period from May 10, 2016 (commencement of operations) through April 30, 2017 | | |
| | Individual Fund Comprising the IndexIQ ETF Trust | | | | Statement of Operations | | | | Statements of Changes in Net Assets | | | | Financial Highlights | | |
| | IQ S&P High Yield Low Volatility Bond ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020, 2019 and 2018, and the period from February 15, 2017 (commencement of operations) through April 30, 2017 | | |
| | IQ Chaikin U.S. Small Cap ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020 and 2019, and the period from May 16, 2017 (commencement of operations) through April 30, 2018 | | |
| | IQ Chaikin U.S. Large Cap ETF | | | | For the year ended April 30, 2020 | | | | For the years ended April 30, 2020 and 2019 | | | | For the years ended April 30, 2020 and 2019, and the period from December 13, 2017 (commencement of operations) through April 30, 2018 | | |
| | IQ 500 International ETF | | | | For the year ended April 30, 2020 | | | | For the year ended April 30, 2020 and the period from December 13, 2018 (commencement of operations) through April 30, 2019 | | | ||||
| | IQ Short Duration Enhanced Core Bond U.S. ETF | | | | For the year ended April 30, 2020 | | | | For the year ended April 30, 2020 and the period from December 18, 2018 (commencement of operations) through April 30, 2019 | | | ||||
| | IQ Candriam ESG International Equity ETF IQ Candriam ESG U.S. Equity ETF | | | | For the period December 17, 2019 (commencement of operations) through April 30, 2020 | | |
New York, New York
June 24, 2020
| IQ Hedge Multi-Strategy Tracker ETF | | | | | 12.37% | | |
| IQ Hedge Macro Tracker ETF | | | | | 20.48 | | |
| IQ Hedge Market Neutral Tracker ETF | | | | | 7.17 | | |
| IQ Hedge Long/Short Tracker ETF | | | | | 30.35 | | |
| IQ Hedge Event-Driven Tracker ETF | | | | | 3.16 | | |
| IQ Real Return ETF | | | | | 5.10 | | |
| IQ Leaders GTAA Tracker ETF | | | | | 32.54 | | |
| IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.00 | | |
| IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 0.00 | | |
| IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.00 | | |
| IQ Merger Arbitrage ETF | | | | | 0.00 | | |
| IQ Global Resources ETF | | | | | 100.00 | | |
| IQ Global Agribusiness Small Cap ETF | | | | | 100.00 | | |
| IQ U.S. Real Estate Small Cap ETF | | | | | 0.37 | | |
| IQ 500 International ETF | | | | | 85.07 | | |
| IQ 50 Percent Hedged FTSE International ETF | | | | | 75.78 | | |
| IQ 50 Percent Hedged FTSE Europe ETF | | | | | 80.78 | | |
| IQ 50 Percent Hedged FTSE Japan ETF | | | | | 81.53 | | |
| IQ Candriam ESG International Equity ETF | | | | | 52.46 | | |
| IQ Candriam ESG U.S. Equity ETF | | | | | 100.00 | | |
| IQ Chaikin U.S. Small Cap ETF | | | | | 100.00 | | |
| IQ Chaikin U.S. Large Cap ETF | | | | | 100.00 | | |
| IQ Hedge Multi-Strategy Tracker ETF | | | | | 1.63% | | |
| IQ Hedge Macro Tracker ETF | | | | | 1.90 | | |
| IQ Hedge Market Neutral Tracker ETF | | | | | 2.71 | | |
| IQ Hedge Long/Short Tracker ETF | | | | | 5.44 | | |
| IQ Hedge Event-Driven Tracker ETF | | | | | 2.78 | | |
| IQ Real Return ETF | | | | | 4.15 | | |
| IQ Leaders GTAA Tracker ETF | | | | | 2.21 | | |
| IQ Enhanced Core Plus Bond U.S. ETF | | | | | 0.00 | | |
| IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | 0.00 | | |
| IQ S&P High Yield Low Volatility Bond ETF | | | | | 0.00 | | |
| IQ Merger Arbitrage ETF | | | | | 0.00 | | |
| IQ Global Resources ETF | | | | | 36.93 | | |
| IQ Global Agribusiness Small Cap ETF | | | | | 16.18 | | |
| IQ U.S. Real Estate Small Cap ETF | | | | | 0.00 | | |
| IQ 500 International ETF | | | | | 0.00 | | |
| IQ 50 Percent Hedged FTSE International ETF | | | | | 0.00 | | |
| IQ 50 Percent Hedged FTSE Europe ETF | | | | | 0.00 | | |
| IQ 50 Percent Hedged FTSE Japan ETF | | | | | 0.00 | | |
| IQ Candriam ESG International Equity ETF | | | | | 0.00 | | |
| IQ Candriam ESG U.S. Equity ETF | | | | | 91.53 | | |
| IQ Chaikin U.S. Small Cap ETF | | | | | 100.00 | | |
| IQ Chaikin U.S. Large Cap ETF | | | | | 98.48 | | |
Fund | | | Foreign Taxes Per Share | | | Foreign Income Per Share | | ||||||
IQ Hedge Multi-Strategy Tracker ETF | | | | | — | | | | | | — | | |
IQ Hedge Macro Tracker ETF | | | | | — | | | | | | — | | |
IQ Hedge Market Neutral Tracker ETF | | | | | — | | | | | | — | | |
IQ Hedge Long/Short Tracker ETF | | | | | — | | | | | | — | | |
IQ Hedge Event-Driven Tracker ETF | | | | | — | | | | | | — | | |
IQ Real Return ETF | | | | | — | | | | | | — | | |
IQ Leaders GTAA Tracker ETF | | | | | — | | | | | | — | | |
IQ Enhanced Core Plus Bond U.S. ETF | | | | | — | | | | | | — | | |
IQ Short Duration Enhanced Core Bond U.S. ETF | | | | | — | | | | | | — | | |
IQ S&P High Yield Low Volatility Bond ETF | | | | | — | | | | | | — | | |
IQ Merger Arbitrage ETF | | | | | — | | | | | | — | | |
IQ Global Resources ETF | | | | | 0.1605 | | | | | | 1.9677 | | |
IQ Global Agribusiness Small Cap ETF | | | | | 0.0267 | | | | | | 0.8367 | | |
IQ U.S. Real Estate Small Cap ETF | | | | | — | | | | | | — | | |
IQ 500 International ETF | | | | | 0.0441 | | | | | | 0.5172 | | |
IQ 50 Percent Hedged FTSE International ETF | | | | | 0.0399 | | | | | | 0.6143 | | |
IQ 50 Percent Hedged FTSE Europe ETF | | | | | 0.0450 | | | | | | 0.4717 | | |
IQ 50 Percent Hedged FTSE Japan ETF | | | | | 0.0419 | | | | | | 0.4022 | | |
IQ Candriam ESG International Equity ETF | | | | | 0.0088 | | | | | | 0.0737 | | |
IQ Candriam ESG U.S. Equity ETF | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Small Cap ETF | | | | | — | | | | | | — | | |
IQ Chaikin U.S. Large Cap ETF | | | | | — | | | | | | — | | |
| Name and Year of Birth(1) | | | Position(s) Held with Trust | | | Term of Office and Length of Time Served(2) | | | Principal Occupation(s) During Past 5 Years | | | Number of Portfolios in Fund Complex Overseen by Trustee(3) | | | Other Directorships Held by Trustee During Past 5 Years | |
| Reena Aggarwal 1957 | | | Trustee Chair | | | Since August 2008 January 2018 | | | Vice Provost of Faculty (2016 to present), Georgetown University, Robert E. McDonough Professor (2003 to present) and Professor of Finance, McDonough School of Business, Georgetown University (2000 to present); Director, Georgetown Center for Financial Markets and Policy (2010 to present); Co-Chair of Board, Social Innovations and Public Service Fund, Georgetown University (2012 to 2014). | | | 25 | | | FBR & Co. (investment banking) (2011 to 2017); Cohen & Steers (asset management) (2017 to present); Director, Brightwood Capital Advisors, L.P. (private equity investment) (2013 to present); Nuveen Churchill BDC (2019-present). | |
| Michael A. Pignataro, 1959 | | | Trustee | | | Since April 2015 | | | Director, Credit Suisse Asset Management (2001 to 2012); and Chief Financial Officer, Credit Suisse Funds (1996 to 2013). | | | 25 | | | The New Ireland Fund, Inc. (closed-end fund) (2015 to present) | |
| Paul D. Schaeffer, 1951 | | | Trustee | | | Since April 2015 | | | President, ASP (dba Aspiring Solution Partners) (financial services consulting) (2013 to present); Executive Advisor, Aquiline Capital Partners LLC (private equity investment) (2014 to present). | | | 25 | | | Management Board Member, RIA in a Box (financial services consulting) (2018 to present); Context Capital Funds (mutual fund trust) (2 Portfolios) (2014 to 2018); Management board Member, Altegris Investments, LLC (registered broker-dealer) (2016 to 2018); Management Board Member, AssetMark Inc. (financial services consulting) (2016 to 2017); PopTech! (conference operator) (2012 to 2016); Board Member, Pathways Core Training (non-profit) (2019 to present). | |
| Name and Year of Birth(1) | | | Position(s) Held with Trust | | | Term of Office and Length of Time Served(2) | | | Principal Occupation(s) During Past 5 Years | | | Number of Portfolios in Fund Complex Overseen by Trustee(3) | | | Other Directorships Held by Trustee During past 5 Years | |
| Kirk C. Lehneis 1974(4) | | | Trustee, President and Principal Executive Officer | | | Since January 2018 | | | Chief Operating Officer and Senior Managing Director (since 2016), New York Life Investment Management LLC; Chairman of the Board, NYLIM Service Company LLC (since September 2017); President, MainStay DefinedTerm Municipal Opportunities Fund, MainStay Funds, MainStay Funds Trust, and MainStay VP Funds Trust (since September 2017. | | | 25 | | | None | |
| Name and Year of Birth(1) | | | Position(s) Held with Trust | | | Term of Office and Length of Time Served(2) | | | Principal Occupation(s) During Past 5 Years | |
| Jonathan Zimmerman 1982 | | | Executive Vice President | | | Since April 2018 | | | Chief Operating Officer, IndexIQ Advisors LLC (2018 to present); Managing Director, New York Life Investment Management LLC (2018-present); Director, New York Life Investment Management LLC (2015-2018); Vice President, Morgan Stanley (2007 to 2015). | |
| Adefolahan Oyefeso, 1974 | | | Treasurer, Principal Financial Officer and Principal Accounting Officer | | | Since April 2018 | | | Vice President of Operations & Finance, IndexIQ Advisors LLC (2015 to present); Director of the Fund Administration Client Service Department at The Bank of New York Mellon (2007 to 2015). | |
| Matthew V. Curtin 1982 | | | Secretary and Chief Legal Officer | | | Since June 2015 | | | Secretary and Chief Legal Officer, IndexIQ Advisors LLC (since June 2015), Chief Compliance Officer, IndexIQ, IndexIQ ETF Trust and IndexIQ Active ETF Trust (June 2015 to January 2017); Associate General Counsel, New York Life Insurance Company (since February 2015); Associate, Dechert LLP (2007 to 2015). | |
| Y. Rachel Kuo 1981 | | | Chief Compliance Officer | | | Since 2020 | | | Chief Compliance Officer, MainStay Funds Trust, MainStay VP Funds Trust, MainStay MacKay DefinedTerm Municipal Opportunities Fund, The MainStay Funds, IndexIQ ETF Trust, IndexIQ Active ETF Trust (since 2020); Associate General Counsel, New York Life Investment Management LLC; Assistant Secretary, MainStay Funds Trust, MainStay VP Funds Trust, MainStay MacKay DefinedTerm Municipal Opportunities Fund and The MainStay Funds (2015 to 2019). | |
IQ Hedge Macro Tracker ETF
IQ Hedge Market Neutral Tracker ETF
IQ Hedge Long/Short Tracker ETF
IQ Hedge Event-Driven Tracker ETF
IQ Real Return ETF
IQ Leaders GTAA Tracker ETF
IQ Enhanced Core Plus Bond U.S. ETF
IQ Short Duration Enhanced Core Bond U.S. ETF
IQ S&P High Yield Low Volatility Bond ETF
IQ Merger Arbitrage ETF
IQ Global Resources ETF
IQ Global Agribusiness Small Cap ETF
IQ U.S. Real Estate Small Cap ETF
IQ 500 International ETF
IQ 50 Percent Hedged FTSE International ETF
IQ 50 Percent Hedged FTSE Europe ETF
IQ 50 Percent Hedged FTSE Japan ETF
IQ Candriam ESG International Equity ETF
IQ Candriam ESG U.S. Equity ETF
IQ Chaikin U.S. Small Cap ETF
IQ Chaikin U.S. Large Cap ETF
IndexIQ Advisors LLC
51 Madison Avenue
New York, NY 10010
1290 Broadway, Suite 1100
Denver, CO 80203
240 Greenwich Street
New York, NY 10286
Chapman and Cutler LLP
1717 Rhode Island Avenue
Washington, DC 20036
PricewaterhouseCoopers LLP
300 Madison Avenue
New York, NY 10017
Item 2. Code of Ethics.
(a) | The registrant, as of the end of the period covered by this report, 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. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the 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, and that relates to any element of the code of ethics description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the 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, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
Item 3. Audit Committee Financial Expert.
The Registrant’s Board of Trustees has two audit committee financial experts serving on its Audit Committee, each an “independent” Trustee, Reena Aggarwal and Michael Pignataro. Under applicable securities laws, a person who is determined to be an audit committee financial expert will not be deemed an “expert” for any purpose, including without limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities that are greater than the duties, obligations, and liabilities imposed on such person as a member of the Audit Committee and Board of Trustees in the absence of such designation or identification.
Item 4. Principal Accountant Fees and Services.
Audit Fees
(a) | The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $451,373 for 2020 and $429,947 for 2019. |
Audit-Related Fees
(b) | The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant 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 are $0 for 2020 and $0 for 2019. |
Tax Fees
(c) | The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $0 for 2020 and $0 for 2019. |
All Other Fees
(d) | The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2020 and $0 for 2019. |
(e)(1) | Per Rule 2-01(c)(7)(A), the Audit Committee pre-approves all of the Audit, Audit-Related, Tax and Other Fees of the Registrant. |
(e)(2) | With respect to the services described in each of Items 4(b) through (d), no amount was approved by the Audit Committee pursuant to paragraph (c)(7)(A) of Rule 2-01 of Regulation S-X. |
(f) | The percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was less than fifty percent. |
(g) | The aggregate non-audit fees billed by the principal accountant for services rendered to the registrant's investment adviser (not including any subadvisor whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant were (i) approximately $10,322,000 for the fiscal year ended April 30, 2020, and (ii) $8,100,000 for the fiscal year ended April 30, 2019. |
(h) | The registrant’s Audit Committee has determined that the non-audit services rendered by the principal accountant for the fiscal year ended April 30, 2020 to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the registrant’s investment adviser that provides ongoing services to the registrant that were not required to be pre-approved by the Audit Committee because they did not relate directly to the operations and financial reporting of the registrant were compatible with maintaining the respective independence of the principal accountant during the relevant time period. |
Item 5. Audit Committee of Listed Registrants.
(a) | The Fund has a designated Audit Committee in accordance with Section 3(a)(58)(A) of the Securities and Exchange Act of 1934 (the “Exchange Act”) and the members of such committee are Reena Aggarwal, Michael Pignataro, and Paul Schaeffer. |
(b) | Not applicable. |
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(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 (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is 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.
Not applicable.
Item 13. Exhibits.
(a)(1) | Code of ethics that is the subject of disclosure required by Item 2 is attached hereto. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. | |
(a)(3) | Not applicable. | |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | IndexIQ ETF Trust |
By (Signature and Title) | /s/ Kirk C. Lehneis | |
Kirk C. Lehneis (Principal Executive Officer) |
Date | 7/1/2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, 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 (Signature and Title) | /s/ Kirk C. Lehneis | |
Kirk C. Lehneis (Principal Executive Officer) |
Date | 7/1/2020 |
By (Signature and Title) | /s/ Adefolahan O. Oyefeso | |
Adefolahan O. Oyefeso (Principal Financial Officer) |
Date | 7/1/2020 |