WILSHIRE MUTUAL FUNDS, INC. | |||||||||
WILSHIRE INTERNATIONAL EQUITY FUND | March 31, 2021 (Unaudited) | ||||||||
SCHEDULE OF INVESTMENTS | |||||||||
Shares | Value | ||||||||
COMMON STOCKS - 77.4% | |||||||||
Argentina - 0.7% | |||||||||
MercadoLibre, Inc. (a) | 1,409 | $ | 2,074,245 | ||||||
Australia - 2.4% | |||||||||
Abacus Property Group (b) | 32,107 | 68,756 | |||||||
ALS Ltd. (b) | 5,730 | 42,251 | |||||||
Arena REIT (b) | 20,545 | 49,221 | |||||||
ASX Ltd. (b) | 644 | 34,798 | |||||||
Austal Ltd. (b) | 20,690 | 35,243 | |||||||
Australia & New Zealand Banking Group Ltd. (b) | 1,848 | 39,687 | |||||||
Beach Energy Ltd. (b) | 42,151 | 54,816 | |||||||
BGP Holdings Ltd. (c) (d) | 4,007 | – | |||||||
BHP Group Ltd. (b) | 16,982 | 587,428 | |||||||
BHP Group PLC (b) | 14,212 | 410,321 | |||||||
Bingo Industries Ltd. (b) | 13,296 | 30,579 | |||||||
Breville Group Ltd. (b) | 2,385 | 49,051 | |||||||
Champion Iron Ltd. (a)(b) | 11,791 | 49,328 | |||||||
Charter Hall Group (b) | 5,116 | 50,091 | |||||||
Coca-Cola Amatil Ltd. (b) | 11,316 | 115,481 | |||||||
Codan Ltd. (b) | 6,269 | 73,722 | |||||||
Collins Foods Ltd. (b) | 11,649 | 92,296 | |||||||
CSL Ltd. (b) | 11,452 | 2,307,737 | |||||||
Data#3 Ltd. (b) | 6,120 | 24,194 | |||||||
Deterra Royalties Ltd. (b) | 12,506 | 37,356 | |||||||
Domino's Pizza Enterprises Ltd. (b) | 542 | 39,668 | |||||||
Emeco Holdings Ltd. (a)(b) | 30,731 | 22,229 | |||||||
Goodman Group (b) | 6,868 | 94,614 | |||||||
Grange Resources Ltd. (b) | 158,208 | 57,695 | |||||||
Hansen Technologies Ltd. (b) | 20,243 | 83,606 | |||||||
Healius Ltd. (b) | 32,843 | 102,134 | |||||||
IGO Ltd. (b) | 8,237 | 39,581 | |||||||
Iluka Resources Ltd. (b) | 7,099 | 39,076 | |||||||
Infomedia Ltd. (b) | 22,354 | 25,516 | |||||||
Ingenia Communities Group (b) | 30,719 | 118,298 | |||||||
Inghams Group Ltd. (b) | 36,869 | 93,618 | |||||||
Integral Diagnostics Ltd. (b) | 7,851 | 28,329 | |||||||
JB Hi-Fi Ltd. (b) | 889 | 35,050 | |||||||
Macquarie Group Ltd. (b) | 369 | 42,784 | |||||||
Magellan Financial Group Ltd. (b) | 1,453 | 50,099 | |||||||
Medibank Pvt Ltd. (b) | 60,067 | 127,897 | |||||||
Mineral Resources Ltd. (b) | 2,585 | 74,960 |
Mount Gibson Iron Ltd. (b) | 46,408 | 26,832 | |||||||
National Australia Bank Ltd. (b) | 5,118 | 101,425 | |||||||
Nick Scali Ltd. (b) | 9,704 | 73,587 | |||||||
Nine Entertainment Co Holdings Ltd. (b) | 18,587 | 39,239 | |||||||
oOh!media Ltd. (a)(b) | 19,763 | 26,187 | |||||||
People Infrastructure Ltd. (b) | 12,943 | 36,730 | |||||||
Perseus Mining Ltd. (a)(b) | 44,851 | 36,941 | |||||||
REA Group Ltd. (b) | 2,603 | 281,005 | |||||||
Rio Tinto Ltd. (b) | 899 | 76,031 | |||||||
Rural Funds Group (b) | 20,054 | 35,425 | |||||||
Sandfire Resources Ltd. (b) | 13,290 | 54,237 | |||||||
Santos Ltd. (b) | 38,272 | 207,108 | |||||||
Scentre Group (b) | 8,425 | 18,090 | |||||||
SEEK Ltd. (a)(b) | 873 | 18,959 | |||||||
Sonic Healthcare Ltd. (b) | 2,065 | 55,223 | |||||||
Stockland (b) | 14,856 | 49,807 | |||||||
Super Retail Group Ltd. (b) | 9,293 | 83,362 | |||||||
Telstra Corp. Ltd. (b) | 28,419 | 73,553 | |||||||
The Reject Shop Ltd. (a)(b) | 5,155 | 24,690 | |||||||
Vicinity Centres (b) | 4,405 | 5,550 | |||||||
Virtus Health Ltd. (b) | 12,654 | 58,222 | |||||||
Waypoint REIT (b) | 107,129 | 204,453 | |||||||
Wesfarmers Ltd. (b) | 3,646 | 146,233 | |||||||
Westpac Banking Corp. (b) | 10,189 | 189,208 | |||||||
7,149,607 | |||||||||
Austria - 0.3% | |||||||||
ams AG (a)(b) | 2,912 | 58,012 | |||||||
ANDRITZ AG (b) | 4,452 | 200,520 | |||||||
BAWAG Group AG (b)(e) | 998 | 51,562 | |||||||
Erste Group Bank AG (a)(b) | 771 | 26,158 | |||||||
EVN AG (b) | 1,977 | 42,565 | |||||||
Oesterreichische Post AG (b) | 659 | 28,823 | |||||||
OMV AG (b) | 1,407 | 71,372 | |||||||
Palfinger AG (b) | 656 | 25,681 | |||||||
Raiffeisen Bank International AG (a)(b) | 692 | 15,187 | |||||||
Semperit AG Holding (a)(b) | 1,854 | 82,511 | |||||||
Telekom Austria AG (b) | 5,519 | 43,498 | |||||||
Wienerberger AG (b) | 7,154 | 261,821 | |||||||
907,710 | |||||||||
Belgium - 0.3% | |||||||||
Aedifica SA (b) | 368 | 42,188 | |||||||
Anheuser-Busch InBev SA/NV (b) | 1,367 | 86,184 | |||||||
Bekaert SA (b) | 2,885 | 120,731 | |||||||
Intervest Offices & Warehouses NV (b) | 1,868 | 46,333 | |||||||
KBC Group NV (a)(b) | 7,850 | 570,032 | |||||||
Solvay SA (b) | 4 | 498 | |||||||
Telenet Group Holding NV (b) | 3,301 | 133,967 | |||||||
Tessenderlo Group SA (a)(b) | 715 | 31,406 | |||||||
1,031,339 |
Bermuda - 0.0% (f) | |||||||||
DHT Holdings, Inc. | 6,100 | 36,173 | |||||||
Brazil - 1.3% | |||||||||
Ambev SA | 640,500 | 1,743,306 | |||||||
B3 SA - Brasil Bolsa Balcao | 775 | 7,527 | |||||||
BB Seguridade Participacoes SA | 13,600 | 58,593 | |||||||
Cia de Saneamento de Minas Gerais-COPASA | 17,300 | 46,687 | |||||||
Cia de Saneamento do Parana | 36,400 | 142,272 | |||||||
CVC Brasil Operadora e Agencia de Viagens SA (a) | 8,300 | 29,035 | |||||||
JBS SA | 29,000 | 155,082 | |||||||
Magazine Luiza SA | 300,800 | 1,073,093 | |||||||
Marfrig Global Foods SA (a) | 9,700 | 30,227 | |||||||
Petroleo Brasileiro SA | 10,700 | 45,567 | |||||||
Qualicorp Consultoria e Corretora de Seguros SA | 5,100 | 27,563 | |||||||
Vale SA | 19,596 | 339,548 | |||||||
WEG SA | 7,600 | 101,119 | |||||||
YDUQS Participacoes SA | 5,700 | 27,130 | |||||||
3,826,749 | |||||||||
Britain - 7.2% | |||||||||
Airtel Africa PLC (b)(e) | 25,071 | 27,379 | |||||||
Alliance Pharma PLC (b) | 47,235 | 61,222 | |||||||
AstraZeneca PLC (b) | 1,727 | 172,217 | |||||||
Aviva PLC (b) | 154,980 | 872,479 | |||||||
Balfour Beatty PLC (a)(b) | 16,662 | 67,777 | |||||||
Barclays PLC (b) | 320,414 | 821,593 | |||||||
Barratt Developments PLC (a)(b) | 9,856 | 101,508 | |||||||
Biffa PLC (a)(b)(e) | 15,898 | 58,302 | |||||||
Big Yellow Group PLC (b) | 2,976 | 45,690 | |||||||
Bodycote PLC (b) | 7,566 | 86,226 | |||||||
BP PLC (b) | 29,877 | 121,217 | |||||||
Bunzl PLC (b) | 1,977 | 63,306 | |||||||
Central Asia Metals PLC (b) | 14,430 | 49,760 | |||||||
Centrica PLC (a)(b) | 72,298 | 53,983 | |||||||
Chemring Group PLC (b) | 9,627 | 35,321 | |||||||
Clipper Logistics PLC (b) | 7,736 | 63,178 | |||||||
Compass Group PLC (a)(b) | 12,931 | 260,643 | |||||||
Computacenter PLC (b) | 4,282 | 139,939 | |||||||
ConvaTec Group PLC (b)(e) | 20,406 | 55,171 | |||||||
Cranswick PLC (b) | 2,886 | 144,751 | |||||||
CVS Group PLC (a)(b) | 1,384 | 35,698 | |||||||
De La Rue PLC (a)(b) | 12,565 | 35,699 | |||||||
Dialog Semiconductor PLC (a)(b) | 828 | 62,333 | |||||||
Direct Line Insurance Group PLC (b) | 11,484 | 49,578 | |||||||
Dixons Carphone PLC (a)(b) | 32,192 | 63,438 |
EMIS Group PLC (b) | 3,868 | 58,653 | ||||||
EnQuest PLC (a)(b) | 96,637 | 23,634 | ||||||
Future PLC (b) | 3,839 | 101,381 | ||||||
Games Workshop Group PLC (b) | 1,312 | 180,231 | ||||||
Gamesys Group PLC (b) | 12,029 | 320,667 | ||||||
Halfords Group PLC (a)(b) | 29,030 | 152,113 | ||||||
Hargreaves Lansdown PLC (b) | 340 | 7,228 | ||||||
Howden Joinery Group PLC (a)(b) | 15,892 | 160,644 | ||||||
HSBC Holdings PLC (b) | 273,452 | 1,595,040 | ||||||
IMI PLC (b) | 12,397 | 228,026 | ||||||
Informa PLC (a)(b) | 1,604 | 12,384 | ||||||
IntegraFin Holdings PLC (b) | 8,438 | 58,995 | ||||||
IP Group PLC (a)(b) | 23,264 | 39,845 | ||||||
ITV PLC (a)(b) | 107,608 | 178,222 | ||||||
J Sainsbury PLC (b) | 582,808 | 1,948,788 | ||||||
JD Sports Fashion PLC (a)(b) | 16,855 | 191,675 | ||||||
John Menzies PLC (a)(b) | 8,178 | 37,356 | ||||||
John Wood Group PLC (a)(b) | 444,882 | 1,657,552 | ||||||
Jubilee Metals Group PLC (a)(b) | 267,309 | 54,822 | ||||||
Kainos Group PLC (b) | 6,556 | 134,876 | ||||||
Keller Group PLC (b) | 6,409 | 71,042 | ||||||
Lloyds Banking Group PLC (a)(b) | 154,588 | 90,513 | ||||||
M&G PLC (b) | 22,108 | 63,225 | ||||||
Man Group PLC (b) | 49,357 | 109,602 | ||||||
Mitie Group PLC (a)(b) | 87,033 | 75,467 | ||||||
Natwest Group PLC (b) | 290,337 | 785,705 | ||||||
NewRiver REIT PLC (a)(b) | 40,545 | 52,498 | ||||||
Next PLC (a)(b) | 801 | 86,855 | ||||||
Ninety One PLC (b) | 37,759 | 124,294 | ||||||
Nomad Foods Ltd. (a) | 2,438 | 66,947 | ||||||
PayPoint PLC (b) | 4,360 | 35,465 | ||||||
Persimmon PLC (b) | 1,005 | 40,749 | ||||||
Pets at Home Group Plc (b) | 9,950 | 56,661 | ||||||
Premier Foods PLC (a)(b) | 64,428 | 84,569 | ||||||
QinetiQ Group PLC (b) | 17,866 | 77,826 | ||||||
Rathbone Brothers PLC (b) | 1,705 | 41,346 | ||||||
Reach PLC (a)(b) | 31,007 | 92,115 | ||||||
Redde Northgate PLC (b) | 19,701 | 83,662 | ||||||
Redrow PLC (b) | 8,177 | 70,809 | ||||||
Renewi PLC (a)(b) | 62,540 | 41,094 | ||||||
Rio Tinto PLC (b) | 494 | 37,792 | ||||||
Rotork PLC (b) | 32,689 | 160,754 | ||||||
Royal Mail PLC (a)(b) | 25,003 | 173,917 | ||||||
Safestore Holdings PLC (b) | 11,101 | 121,813 | ||||||
Savills PLC (a)(b) | 6,566 | 103,410 | ||||||
Senior PLC (a)(b) | 47,542 | 72,541 | ||||||
Smith & Nephew PLC (b) | 30,163 | 569,559 |
Spirent Communications PLC (b) | 38,165 | 125,528 | |||||||
Stagecoach Group PLC (a)(b) | 41,101 | 56,885 | |||||||
Standard Chartered PLC (b) | 169,883 | 1,168,890 | |||||||
Supermarket, Income Reit PLC (b) | 79,891 | 119,500 | |||||||
Tate & Lyle PLC (b) | 10,730 | 113,502 | |||||||
TechnipFMC PLC | 161,654 | 1,247,969 | |||||||
Tesco PLC (b) | 327,527 | 1,033,650 | |||||||
TORM PLC (b) | 3,338 | 30,405 | |||||||
Travis Perkins PLC (a)(b) | 105,347 | 2,239,355 | |||||||
Tyman PLC (a)(b) | 11,188 | 57,448 | |||||||
Unilever PLC (b) | 937 | 52,291 | |||||||
Vodafone Group PLC (b) | 644,197 | 1,172,309 | |||||||
Watches of Switzerland Group PLC (a)(b)(e) | 7,904 | 72,019 | |||||||
Watkin Jones PLC (b) | 19,050 | 55,947 | |||||||
Wincanton PLC (b) | 5,561 | 29,825 | |||||||
21,656,293 | |||||||||
Canada - 4.3% | |||||||||
Aecon Group, Inc. | 2,600 | 40,199 | |||||||
AGF Management Ltd. - Class B | 17,810 | 106,149 | |||||||
Alimentation Couche-Tard, Inc. | 3,100 | 99,954 | |||||||
AltaGas Ltd. | 3,400 | 56,653 | |||||||
Altus Group Ltd. | 1,431 | 68,823 | |||||||
ARC Resources Ltd. | 9,900 | 60,816 | |||||||
Artis Real Estate Investment Trust | 13,000 | 112,135 | |||||||
Bank of Montreal | 1,800 | 160,449 | |||||||
Brookfield Asset Management, Inc. - Class A | 1,800 | 80,067 | |||||||
BRP, Inc. | 1,700 | 147,409 | |||||||
CAE, Inc. | 1,100 | 31,345 | |||||||
Canaccord Genuity Group, Inc. | 4,100 | 37,519 | |||||||
Canacol Energy Ltd. | 15,600 | 44,689 | |||||||
Canadian Pacific Railway Ltd. (g) | 7,365 | 2,793,471 | |||||||
Canadian Pacific Railway Ltd. | 300 | 114,586 | |||||||
Canadian Solar, Inc. (a) | 600 | 29,778 | |||||||
Canadian Western Bank | 6,057 | 154,184 | |||||||
Canfor Corp. (a) | 2,154 | 44,616 | |||||||
CCL Industries, Inc. - Class B | 1,500 | 82,979 | |||||||
Cenovus Energy, Inc. | 3,100 | 23,286 | |||||||
Centerra Gold, Inc. | 9,749 | 86,265 | |||||||
CI Financial Corp. | 4,648 | 67,129 | |||||||
Cogeco Communications, Inc. | 1,134 | 106,479 | |||||||
Cogeco, Inc. | 794 | 61,254 | |||||||
Constellation Software, Inc. | 200 | 279,309 | |||||||
Dream Unlimited - Class A (a) | 1,235 | 22,220 | |||||||
Dundee Precious Metals, Inc. | 6,800 | 41,502 | |||||||
Empire Co. Ltd. - Class A | 4,200 | 130,943 | |||||||
Enbridge, Inc. | 2,200 | 80,143 | |||||||
Equitable Group, Inc. | 400 | 40,169 |
ERO Copper Corp. (a) | 1,600 | 27,539 | |||||||
Extendicare, Inc. | 29,200 | 178,913 | |||||||
Fairfax Financial Holdings Ltd. | 600 | 261,900 | |||||||
Finning International, Inc. | 8,846 | 224,969 | |||||||
Gildan Activewear, Inc. | 700 | 21,423 | |||||||
goeasy Ltd. | 413 | 41,116 | |||||||
Granite Real Estate Investment Trust | 2,494 | 151,660 | |||||||
H&R Real Estate Investment Trust | 14,100 | 159,995 | |||||||
Hardwoods Distribution, Inc. | 1,400 | 35,259 | |||||||
Home Capital Group, Inc. (a) | 1,800 | 44,158 | |||||||
Imperial Oil Ltd. | 500 | 12,111 | |||||||
Interfor Corp. (a) | 1,500 | 33,779 | |||||||
Karora Resources, Inc. (a) | 9,950 | 26,841 | |||||||
Kirkland Lake Gold Ltd. | 7,275 | 245,684 | |||||||
Labrador Iron Ore Royalty Corp. | 1,400 | 41,252 | |||||||
Linamar Corp. | 3,554 | 209,530 | |||||||
Lululemon Athletica, Inc. (a) | 5,518 | 1,692,426 | |||||||
Magna International, Inc. | 2,800 | 246,601 | |||||||
Manulife Financial Corp. | 9,300 | 200,031 | |||||||
Martinrea International, Inc. | 2,900 | 28,315 | |||||||
Mullen Group Ltd. | 8,200 | 79,475 | |||||||
National Bank of Canada | 1,600 | 108,691 | |||||||
Onex Corp. | 1,700 | 105,731 | |||||||
Open Text Corp. | 900 | 42,912 | |||||||
Parkland Corp. (a) | 200 | 6,009 | |||||||
Pason Systems, Inc. | 7,700 | 54,409 | |||||||
Quebecor, Inc. - Class B | 300 | 8,054 | |||||||
Richelieu Hardware Ltd. | 5,880 | 193,239 | |||||||
RioCan Real Estate Investment Trust | 9,000 | 139,365 | |||||||
Roxgold, Inc. (a) | 40,952 | 50,510 | |||||||
Shopify, Inc. (a) | 1,756 | 1,943,014 | |||||||
Slate Grocery REIT | 3,100 | 28,713 | |||||||
Sleep Country Canada Holdings, Inc. (e) | 1,936 | 48,928 | |||||||
Stella-Jones, Inc. | 1,500 | 60,850 | |||||||
Sun Life Financial, Inc. | 800 | 40,430 | |||||||
Suncor Energy, Inc. | 4,500 | 94,068 | |||||||
TFI International, Inc. | 2,400 | 179,900 | |||||||
The Bank of Nova Scotia | 4,181 | 261,566 | |||||||
The North West Co, Inc. | 3,544 | 102,961 | |||||||
Thomson Reuters Corp. | 600 | 52,561 | |||||||
Tourmaline Oil Corp. | 4,100 | 78,039 | |||||||
Transcontinental, Inc. - Class A | 5,215 | 91,793 | |||||||
Uranium Participation Corp. (a) | 6,200 | 26,888 | |||||||
Wesdome Gold Mines Ltd. (a) | 6,529 | 43,329 | |||||||
West Fraser Timber Co. Ltd. | 300 | 21,583 | |||||||
Whitecap Resources, Inc. | 7,963 | 34,977 | |||||||
12,986,017 |
Chile - 0.1% | |||||||||
AES Gener SA | 436,227 | 73,902 | |||||||
Engie Energia Chile SA | 62,526 | 71,166 | |||||||
Falabella SA | 11,537 | 52,398 | |||||||
197,466 | |||||||||
China - 4.6% | |||||||||
Agile Group Holdings Ltd. (b) | 54,000 | 88,646 | |||||||
Alibaba Group Holding Ltd. - ADR (a) | 4,471 | 1,013,710 | |||||||
Anhui Conch Cement Co. Ltd. (b) | 23,300 | 151,714 | |||||||
ANTA Sports Products Ltd. (b) | 8,900 | 145,651 | |||||||
Baidu, Inc. - ADR (a)(b) | 4,190 | 911,535 | |||||||
BGI Genomics Co. Ltd. - Class A (b) | 900 | 16,971 | |||||||
BYD Co. Ltd. (b) | 400 | 10,105 | |||||||
BYD Co. Ltd. (b) | 2,500 | 53,555 | |||||||
China Construction Bank Corp. (b) | 78,000 | 65,583 | |||||||
China Galaxy Securities Co. Ltd. (b) | 113,300 | 70,063 | |||||||
China Galaxy Securities Co. Ltd. - Class A (b) | 10,000 | 15,812 | |||||||
China Life Insurance Co. Ltd. (b) | 99,500 | 205,993 | |||||||
China Longyuan Power Group Corp. Ltd. (b) | 26,000 | 35,540 | |||||||
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (b) | 2,700 | 5,059 | |||||||
China Modern Dairy Holdings Ltd. (a)(b) | 159,000 | 38,229 | |||||||
China National Building Material Co. Ltd. (b) | 4,000 | 5,803 | |||||||
China Pacific Insurance Group Co. Ltd. (b) | 14,800 | 58,292 | |||||||
China Reinsurance Group Corp. (b) | 1,639,000 | 175,168 | |||||||
China Renaissance Holdings Ltd. (b)(e) | 15,400 | 62,154 | |||||||
China Shenhua Energy Co. Ltd. (b) | 16,000 | 33,043 | |||||||
Chongqing Changan Automobile Co. Ltd. - Class A (a)(b) | 10,600 | 22,977 | |||||||
Country Garden Services Holdings Co. Ltd. (b) | 2,500 | 25,498 | |||||||
DaShenLin Pharmaceutical Group Co. Ltd. (b) | 1,700 | 21,785 | |||||||
Dongyue Group Ltd. (b) | 28,000 | 21,669 | |||||||
Edvantage Group Holdings Ltd. (b) | 52,000 | 50,672 | |||||||
Focus Media Information Technology Co. Ltd. (b) | 34,839 | 49,480 | |||||||
Founder Securities Co. Ltd. - Class A (a)(b) | 4,800 | 6,361 | |||||||
G-bits Network Technology Xiamen Co. Ltd. - Class A (b) | 200 | 11,376 | |||||||
Gigadevice Semiconductor Beijing, Inc. (b) | 500 | 13,109 | |||||||
Great Wall Motor Co. Ltd. (b) | 54,400 | 151,893 | |||||||
Guangzhou Kingmed Diagnostics Group Co. Ltd. - Class A (b) | 1,100 | 21,437 | |||||||
Hunan Valin Steel Co. Ltd. - Class A (b) | 4,400 | 4,697 | |||||||
Industrial & Commercial Bank of China Ltd. (b) | 333,100 | 239,488 | |||||||
Intco Medical Technology Co. Ltd. - Class A (b) | 800 | 19,780 | |||||||
JD.com, Inc. - ADR (a) | 5,249 | 442,648 | |||||||
Jiangsu Hengli Hydraulic Co. Ltd. - Class A (b) | 3,148 | 43,107 | |||||||
JNBY Design Ltd. (b) | 23,500 | 42,026 | |||||||
Lenovo Group Ltd. (b) | 291,000 | 416,315 | |||||||
Li Ning Co. Ltd. (b) | 36,600 | 239,109 | |||||||
Logan Group Co. Ltd. (b) | 21,000 | 35,444 | |||||||
LONGi Green Energy Technology Co. Ltd. - Class A (b) | 2,900 | 39,398 |
Lonking Holdings Ltd. (b) | 167,000 | 71,023 | |||||||
Mango Excellent Media Co. Ltd. - Class A (b) | 2,800 | 24,857 | |||||||
NanJi E-Commerce Co. Ltd. - Class A (b) | 3,400 | 4,760 | |||||||
New China Life Insurance Co. Ltd. (b) | 20,300 | 78,798 | |||||||
PetroChina Co. Ltd. (b) | 266,000 | 96,197 | |||||||
Pinduoduo, Inc. - ADR (a)(b) | 776 | 103,891 | |||||||
Powerlong Real Estate Holdings Ltd. (b) | 38,000 | 37,914 | |||||||
Qudian, Inc. - ADR (a)(b) | 10,100 | 23,028 | |||||||
SAIC Motor Corp. Ltd. - Class A (b) | 17,868 | 53,688 | |||||||
Sany Heavy Industry Co. Ltd. - Class A (b) | 9,600 | 50,229 | |||||||
S-Enjoy Service Group Co. Ltd. (b) | 26,000 | 80,048 | |||||||
Shaanxi Coal Industry Co. Ltd. (b) | 3,000 | 5,077 | |||||||
Shanghai Haohai Biological Technology Co. Ltd. (b)(e) | 4,400 | 33,647 | |||||||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. - Class A (b) | 1,455 | 88,925 | |||||||
Shenzhen SC New Energy Technology Corp. - Class A (b) | 700 | 11,613 | |||||||
Shenzhou International Group Holdings Ltd. (b) | 69,500 | 1,444,645 | |||||||
Sichuan Languang Justbon Services Group Co. Ltd. (b) | 3,400 | 22,682 | |||||||
Sinopharm Group Co. Ltd. (b) | 2,000 | 4,845 | |||||||
Sungrow Power Supply Co. Ltd. - Class A (b) | 3,700 | 40,779 | |||||||
Ten Pao Group Holdings Ltd. (b) | 160,000 | 47,447 | |||||||
Tencent Holdings Ltd. (b) | 36,605 | 2,885,827 | |||||||
Tianneng Power International Ltd. (b) | 24,000 | 45,534 | |||||||
Tingyi Cayman Islands Holding Corp. (b) | 113,800 | 209,320 | |||||||
TRIP.COM GROUP (a) | 33,132 | 1,313,021 | |||||||
Tsingtao Brewery Co. Ltd. (b) | 10,900 | 96,866 | |||||||
Unigroup Guoxin Microelectronics Co. Ltd. - Class A (b) | 300 | 4,926 | |||||||
Want Want China Holdings Ltd. (b) | 261,300 | 196,180 | |||||||
Weichai Power Co. Ltd. - Class A (b) | 14,200 | 41,847 | |||||||
Wuxi Biologics Cayman, Inc. (a)(b)(e) | 119,619 | 1,508,876 | |||||||
XPeng, Inc. - ADR (a) | 233 | 8,507 | |||||||
Yum China Holdings, Inc. | 1,155 | 68,388 | |||||||
Zhejiang Sanhua Intelligent Controls Co. Ltd. - Class A (b) | 5,900 | 18,603 | |||||||
13,802,883 | |||||||||
Czech - 0.3% | |||||||||
Avast PLC (b)(e) | 6,853 | 43,089 | |||||||
CEZ AS (b) | 33,012 | 816,235 | |||||||
859,324 | |||||||||
Denmark - 2.4% | |||||||||
AP Moller - Maersk A/S (b) | 821 | 1,910,221 | |||||||
Carlsberg AS - Class B (b) | 4 | 615 | |||||||
Chemometec A/S (b) | 581 | 55,138 | |||||||
Coloplast A/S - Class B (b) | 638 | 96,051 | |||||||
D/S Norden A/S (b) | 6,583 | 152,896 | |||||||
Danske Bank A/S (b) | 34,767 | 651,515 | |||||||
Demant A/S (a)(b) | 248 | 10,521 | |||||||
DSV PANALPINA A/S (b) | 11,956 | 2,344,499 | |||||||
Genmab A/S (a)(b) | 88 | 28,923 |
GN Store Nord AS (b) | 526 | 41,460 | |||||||
H+H International A/S - Class B (a)(b) | 1,004 | 25,862 | |||||||
Jyske Bank A/S (a)(b) | 2,540 | 121,038 | |||||||
NNIT A/S (b)(e) | 2,062 | 34,559 | |||||||
Novo Nordisk A/S (b) | 10,495 | 708,747 | |||||||
Novozymes A/S (b) | 371 | 23,766 | |||||||
Pandora A/S (b) | 2,988 | 320,196 | |||||||
Per Aarsleff Holding A/S (b) | 1,530 | 66,545 | |||||||
Ringkjoebing Landbobank A/S (b) | 509 | 49,750 | |||||||
Royal Unibrew A/S (b) | 902 | 94,344 | |||||||
Scandinavian Tobacco Group A/S (b)(e) | 11,942 | 228,935 | |||||||
Schouw & Co A/S (b) | 770 | 80,708 | |||||||
Tryg A/S (b) | 58 | 1,368 | |||||||
7,047,657 | |||||||||
Egypt - 0.0% (f) | |||||||||
ElSewedy Electric Co (b) | 53,444 | 30,664 | |||||||
Palm Hills Developments SAE (a)(b) | 527,384 | 53,885 | |||||||
Telecom Egypt Co (b) | 32,023 | 22,658 | |||||||
107,207 | |||||||||
Finland - 0.7% | |||||||||
Kamux Corp. (b) | 2,183 | 33,504 | |||||||
Kemira Oyj (b) | 9,876 | 151,740 | |||||||
Kone Oyj (b) | 3,777 | 308,485 | |||||||
Lassila & Tikanoja Oyj (b) | 1,762 | 28,917 | |||||||
Nokia Oyj (a)(b) | 201,500 | 805,448 | |||||||
Orion Oyj - Class B (b) | 2,310 | 92,642 | |||||||
Rovio Entertainment Oyj (b)(e) | 5,343 | 41,578 | |||||||
Sampo Oyj (b) | 5,043 | 227,896 | |||||||
Terveystalo Oyj (b)(e) | 2,259 | 31,399 | |||||||
Tokmanni Group Corp. (b) | 4,136 | 97,088 | |||||||
Uponor Oyj (b) | 6,503 | 144,453 | |||||||
Valmet Oyj (b) | 5,423 | 197,653 | |||||||
2,160,803 | |||||||||
France - 4.8% | |||||||||
Airbus SE (a)(b) | 86 | 9,741 | |||||||
Amundi SA (a)(b)(e) | 18,253 | 1,460,112 | |||||||
Biosynex (a)(b) | 2,674 | 66,507 | |||||||
Bouygues SA (b) | 9,135 | 366,363 | |||||||
Bureau Veritas SA (a)(b) | 10,507 | 299,112 | |||||||
Carmila SA (b) | 1,754 | 26,537 | |||||||
Cie Generale des Etablissements Michelin SCA (b) | 13,373 | 2,002,387 | |||||||
Coface SA (a)(b) | 4,076 | 45,134 | |||||||
Constellium SE (a) | 2,000 | 29,400 | |||||||
Elis SA (a)(b) | 3,219 | 52,563 | |||||||
Eurobio Scientific SA (a)(b) | 2,665 | 62,848 | |||||||
Faurecia SE (a) | 34 | 1,783 | |||||||
Hermes International (b) | 245 | 271,285 | |||||||
Ipsen SA (b) | 211 | 18,103 | |||||||
Klepierre SA (b) | 2,494 | 58,095 | |||||||
Legrand SA (b) | 1,050 | 97,692 | |||||||
L'Oreal SA (b) | 155 | 59,411 | |||||||
LVMH Moet Hennessy Louis Vuitton SE (b) | 4,107 | 2,736,879 | |||||||
Mercialys SA (b) | 2,533 | 27,885 | |||||||
Mersen SA (a)(b) | 1,397 | 48,664 | |||||||
Natixis SA (a)(b) | 13,827 | 66,207 | |||||||
Nexans SA (a)(b) | 656 | 58,093 | |||||||
Pernod Ricard SA (b) | 6,638 | 1,246,100 | |||||||
Publicis Groupe SA (b) | 12,581 | 768,005 | |||||||
Rexel SA (a)(b) | 145,326 | 2,880,999 | |||||||
Schneider Electric SE (b) | 270 | 41,252 | |||||||
SCOR SE (a)(b) | 12,608 | 429,636 | |||||||
Societe BIC SA (b) | 994 | 58,197 | |||||||
Technip Energies NV - ADR (a) | 32,330 | 483,980 | |||||||
Television Francaise 1 (a)(b) | 3,202 | 29,183 | |||||||
Thales SA (b) | 623 | 61,914 | |||||||
TOTAL SE (b) | 4,309 | 200,687 | |||||||
Unibail-Rodamco-Westfield (a)(b) | 360 | 28,848 | |||||||
Verallia SA (b)(e) | 2,273 | 81,961 | |||||||
Vicat SA (b) | 1,313 | 63,760 | |||||||
Virbac SA (a)(b) | 93 | 23,941 | |||||||
14,263,264 | |||||||||
Georgia - 0.0% (f) | |||||||||
TBC Bank Group PLC (a)(b) | 1,481 | 20,084 | |||||||
Germany - 2.5% | |||||||||
Adesso SE (b) | 218 | 27,702 | |||||||
Allianz SE (b) | 478 | 121,690 | |||||||
Atoss Software AG (b) | 152 | 28,754 | |||||||
Aurubis AG (b) | 373 | 30,906 | |||||||
BASF SE (b) | 28,392 | 2,358,150 | |||||||
Bayer AG (b) | 543 | 34,362 | |||||||
Bayerische Motoren Werke AG (b) | 342 | 35,458 | |||||||
bet-at-home.com AG (b) | 821 | 44,140 | |||||||
Cewe Stiftung & Co KGAA (b) | 898 | 126,791 | |||||||
Covestro AG (b)(e) | 28,809 | 1,937,114 | |||||||
Daimler AG (b) | 1,790 | 159,487 | |||||||
Dermapharm Holding SE (b) | 1,403 | 100,393 | |||||||
Freenet AG (b) | 1,918 | 45,922 | |||||||
Gerresheimer AG (b) | 438 | 43,500 | |||||||
Hannover Rueck SE (b) | 1,034 | 188,936 | |||||||
HelloFresh SE (a)(b) | 3,684 | 274,898 | |||||||
HOCHTIEF AG (b) | 6 | 537 | |||||||
Hornbach Baumarkt AG (b) | 2,573 | 108,195 | |||||||
Hornbach Holding AG & Co KGaA (b) | 3,062 | 298,788 |
Kloeckner & Co SE (a)(b) | 2,703 | 34,044 | |||||||
Knorr-Bremse AG (b) | 2,191 | 273,289 | |||||||
MTU Aero Engines AG (b) | 70 | 16,475 | |||||||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (b) | 202 | 62,217 | |||||||
Nagarro SE (a)(b) | 737 | 80,894 | |||||||
ProSiebenSat.1 Media SE (a)(b) | 2,137 | 43,702 | |||||||
SAP SE (b) | 2,264 | 277,282 | |||||||
Siemens AG (b) | 2,559 | 420,243 | |||||||
Sirius Real Estate Ltd. (b) | 45,974 | 56,185 | |||||||
SUESS MicroTec SE (a)(b) | 2,225 | 69,441 | |||||||
TeamViewer AG (a)(b)(e) | 912 | 38,969 | |||||||
Varta AG (a)(b)(g) | 197 | 28,943 | |||||||
7,367,407 | |||||||||
Gibraltar - 0.0% (f) | |||||||||
888 Holdings PLC (b) | 21,603 | 117,343 | |||||||
Greece - 0.0% (f) | |||||||||
FF Group (a) | 2,880 | – | |||||||
National Bank of Greece SA (a)(b) | 9,878 | 28,773 | |||||||
28,773 | |||||||||
Guernsey - 0.0% (f) | |||||||||
Shanta Gold Ltd. (a)(b) | 187,082 | 30,626 | |||||||
Hong Kong - 2.2% | |||||||||
AIA Group Ltd. (b) | 233,565 | 2,841,435 | |||||||
Alibaba Health Information Technology Ltd. (a)(b) | 70,800 | 201,536 | |||||||
Brilliance China Automotive Holdings Ltd. (b) | 658,000 | 618,277 | |||||||
China High Speed Transmission Equipment Group Co. Ltd. (b) | 48,000 | 48,584 | |||||||
China South City Holdings Ltd. (b) | 1,046,000 | 115,847 | |||||||
China Water Affairs Group Ltd. (b) | 58,000 | 47,432 | |||||||
CK Asset Holdings Ltd. (b) | 2,000 | 12,157 | |||||||
CP Pokphand Co. Ltd. (b) | 344,000 | 44,310 | |||||||
First Pacific Co. Ltd. (b) | 82,000 | 27,027 | |||||||
Galaxy Entertainment Group Ltd. (a)(b) | 81,000 | 732,591 | |||||||
Geely Automobile Holdings Ltd. (b) | 5,000 | 12,816 | |||||||
Gemdale Properties & Investment Corp. Ltd. (b) | 332,000 | 50,452 | |||||||
Hang Seng Bank Ltd. (b) | 10,100 | 195,865 | |||||||
Henderson Land Development Co. Ltd. (b) | 13,200 | 59,341 | |||||||
Jardine Matheson Holdings Ltd. (b) | 900 | 58,902 | |||||||
Jardine Strategic Holdings Ltd. (b) | 3,700 | 122,439 | |||||||
Johnson Electric Holdings Ltd. (b) | 52,000 | 139,820 | |||||||
K Wah International Holdings Ltd. (b) | 69,000 | 35,816 | |||||||
PAX Global Technology Ltd. (b) | 90,000 | 97,168 | |||||||
PCCW Ltd. (b) | 9,000 | 5,073 | |||||||
Perfect Shape Medical Ltd. (b) | 116,000 | 66,250 | |||||||
Shimao Group Holdings Ltd. (b) | 17,000 | 53,519 | |||||||
SITC International Holdings Co. Ltd. (b) | 76,000 | 258,705 |
Sun Art Retail Group Ltd. (b) | 269,000 | 220,520 | |||||||
Tai Hing Group Holdings Ltd. (b) | 116,000 | 32,321 | |||||||
Techtronic Industries Co. Ltd. (b) | 8,500 | 146,116 | |||||||
Vinda International Holdings Ltd. (b) | 24,000 | 81,183 | |||||||
VPower Group International Holdings Ltd. (b)(e) | 103,000 | 23,897 | |||||||
VSTECS Holdings Ltd. (b) | 30,000 | 27,408 | |||||||
Yuexiu Property Co. Ltd. (b) | 954,000 | 216,490 | |||||||
6,593,297 | |||||||||
Hungary - 0.0% (f) | |||||||||
Magyar Telekom Telecommunications PLC (b) | 27,341 | 36,042 | |||||||
India - 2.0% | |||||||||
Amara Raja Batteries Ltd. (b) | 2,365 | 27,649 | |||||||
APL Apollo Tubes Ltd. (a)(b) | 1,357 | 26,032 | |||||||
Apollo Tyres Ltd. (b) | 15,714 | 48,179 | |||||||
Ashoka Buildcon Ltd. (a)(b) | 20,581 | 28,821 | |||||||
Colgate-Palmolive India Ltd. (b) | 2,674 | 57,077 | |||||||
Container Corp. Of India Ltd. (b) | 10,477 | 85,847 | |||||||
Coromandel International Ltd. (b) | 2,461 | 26,100 | |||||||
Dhanuka Agritech Ltd. (b) | 2,461 | 23,225 | |||||||
Eicher Motors Ltd. (b) | 979 | 34,886 | |||||||
Escorts Ltd. (b) | 6,175 | 108,919 | |||||||
GHCL Ltd. (b) | 9,075 | 28,547 | |||||||
Granules India Ltd. (b) | 9,314 | 38,776 | |||||||
Gujarat Gas Ltd. (b) | 20,044 | 150,782 | |||||||
HDFC Bank Ltd. - ADR (a) | 35,478 | 2,756,286 | |||||||
HEG Ltd. (b) | 1,446 | 29,018 | |||||||
HeidelbergCement India Ltd. (b) | 11,212 | 35,844 | |||||||
Hindustan Petroleum Corp. Ltd. (b) | 26,219 | 84,219 | |||||||
ICICI Bank Ltd. (a)(b) | 44,710 | 357,194 | |||||||
ICICI Securities Ltd. (b)(e) | 7,820 | 40,984 | |||||||
Indian Energy Exchange Ltd. (b)(e) | 14,406 | 65,619 | |||||||
Indian Oil Corp. Ltd. (b) | 71,991 | 90,686 | |||||||
Infosys Ltd. (b) | 1,005 | 18,851 | |||||||
IOL Chemicals and Pharmaceuticals Ltd. (b) | 2,564 | 19,370 | |||||||
Ipca Laboratories Ltd. (b) | 1,643 | 42,862 | |||||||
Jubilant Ingrevia Ltd. (a) | 3,230 | 11,473 | |||||||
Jubilant Pharmova Ltd. (b) | 3,230 | 30,114 | |||||||
Kotak Mahindra Bank Ltd. (a)(b) | 4,581 | 110,150 | |||||||
Laurus Labs Ltd. (b)(e) | 14,103 | 69,967 | |||||||
Mahanagar Gas Ltd. (b) | 5,850 | 93,842 | |||||||
Marksans Pharma Ltd. (b) | 39,968 | 27,334 | |||||||
Motherson Sumi Systems Ltd. (b) | 39,490 | 109,152 | |||||||
Oil & Natural Gas Corp. Ltd. (b) | 65,032 | 90,892 | |||||||
Page Industries Ltd. (b) | 215 | 89,303 | |||||||
Pidilite Industries Ltd. (b) | 6,036 | 149,594 | |||||||
Polyplex Corp. Ltd. (b) | 6,481 | 76,769 |
PTC India Ltd. (b) | 25,204 | 26,868 | |||||||
Redington India Ltd. (b) | 14,491 | 37,888 | |||||||
Repco Home Finance Ltd. (b) | 10,232 | 47,283 | |||||||
Shree Cement Ltd. (b) | 52 | 20,994 | |||||||
State Bank of India (a)(b) | 13,812 | 68,613 | |||||||
Tata Consultancy Services Ltd. (b) | 795 | 34,603 | |||||||
Tata Steel Ltd. (b) | 8,129 | 90,609 | |||||||
The Great Eastern Shipping Co. Ltd. (b) | 14,141 | 60,614 | |||||||
Trident Ltd. (b) | 291,689 | 56,207 | |||||||
Tube Investments of India Ltd. (b) | 1,482 | 24,265 | |||||||
UltraTech Cement Ltd. (b) | 758 | 69,950 | |||||||
Vaibhav Global Ltd. (b) | 1,519 | 79,906 | |||||||
Vedanta Ltd. (b) | 37,760 | 118,396 | |||||||
Wipro Ltd. (b) | 4,076 | 23,120 | |||||||
WNS Holdings Ltd. - ADR (a) | 2,369 | 171,610 | |||||||
Yes Bank Ltd. (a)(b) | 154,554 | 33,075 | |||||||
6,048,364 | |||||||||
Indonesia - 0.1% | |||||||||
Adaro Energy Tbk PT (b) | 307,000 | 24,901 | |||||||
Aneka Tambang Tbk (b) | 190,600 | 29,748 | |||||||
Bank Mandiri Persero Tbk PT (b) | 43,600 | 18,496 | |||||||
Bank Negara Indonesia Persero Tbk PT (b) | 174,400 | 69,006 | |||||||
Bank Pan Indonesia Tbk PT (a)(b) | 305,000 | 22,645 | |||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT (b) | 258,100 | 25,839 | |||||||
Erajaya Swasembada Tbk PT (a)(b) | 1,062,000 | 37,008 | |||||||
Japfa Comfeed Indonesia Tbk PT (b) | 584,500 | 77,413 | |||||||
Link Net Tbk PT (b) | 338,600 | 74,779 | |||||||
Puradelta Lestari Tbk PT (b) | 2,336,200 | 38,012 | |||||||
417,847 | |||||||||
Ireland - 2.1% | |||||||||
Accenture PLC - Class A | 9,223 | 2,547,854 | |||||||
Experian PLC (b) | 77,152 | 2,657,778 | |||||||
ICON PLC (a) | 4,579 | 899,178 | |||||||
James Hardie Industries PLC (b) | 1,289 | 39,174 | |||||||
UDG Healthcare PLC (b) | 6,972 | 75,498 | |||||||
Uniphar PLC (a)(b) | 9,293 | 27,901 | |||||||
6,247,383 | |||||||||
Isle Of Man - 0.0% (f) | |||||||||
Playtech Plc (a)(b) | 6,585 | 40,124 | |||||||
Israel - 0.2% | |||||||||
Ashtrom Group Ltd. (b) | 2,231 | 41,969 | |||||||
Danel Adir Yeoshua Ltd. (b) | 495 | 81,217 | |||||||
Delek Group Ltd. (a)(b) | 993 | 49,733 | |||||||
Elco Ltd. (b) | 802 | 39,190 | |||||||
Electra Consumer Products 1970 Ltd. (b) | 2,705 | 116,832 | |||||||
Fox Wizel Ltd. (b) | 507 | 57,757 |
Matrix IT Ltd. (b) | 4,289 | 102,789 | |||||||
Maytronics Ltd. (b) | 4,486 | 81,578 | |||||||
571,065 | |||||||||
Italy - 1.7% | |||||||||
Anima Holding SpA (b)(e) | 12,263 | 63,343 | |||||||
Azimut Holding SpA (b) | 3,417 | 78,130 | |||||||
Banca Generali SpA (a)(b) | 5,885 | 207,794 | |||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 21,641 | 29,104 | |||||||
Banca Popolare di Sondrio SCPA (a)(b) | 9,350 | 31,328 | |||||||
Banca Sistema SpA (a)(b)(e) | 21,903 | 55,749 | |||||||
Banco BPM SpA (a)(b) | 42,289 | 121,216 | |||||||
BPER Banca (a)(b) | 36,626 | 80,998 | |||||||
Buzzi Unicem SpA (b) | 2,886 | 75,284 | |||||||
Carel Industries SpA (b)(e) | 1,236 | 25,162 | |||||||
Credito Emiliano SpA (a)(b) | 5,764 | 33,748 | |||||||
Credito Valtellinese SpA (a)(b) | 2,962 | 42,355 | |||||||
Cy4gate SPA (a)(b) | 2,566 | 27,631 | |||||||
Danieli & C Officine Meccaniche SpA (b) | 2,924 | 44,782 | |||||||
De' Longhi SpA (b) | 1,592 | 64,381 | |||||||
Digital Bros SpA (b) | 1,123 | 32,798 | |||||||
Enel SpA (b) | 114,311 | 1,142,143 | |||||||
Eni SpA (b) | 5,882 | 72,549 | |||||||
Esprinet SpA (a)(b) | 2,793 | 35,236 | |||||||
Ferrari NV (b) | 10,561 | 2,211,271 | |||||||
Gruppo MutuiOnline SpA (b) | 761 | 40,179 | |||||||
GVS SpA (a)(b)(e) | 5,920 | 93,111 | |||||||
Hera SpA (b) | 21,250 | 81,675 | |||||||
Intesa Sanpaolo SpA (a)(b) | 38,363 | 104,286 | |||||||
Reply SpA (b) | 450 | 56,923 | |||||||
Unieuro SpA (a)(b)(e) | 5,477 | 139,303 | |||||||
4,990,479 | |||||||||
Japan - 10.3% | |||||||||
ADEKA Corp. (b) | 3,300 | 64,732 | |||||||
Advantest Corp. (b) | 900 | 79,749 | |||||||
Ardepro Co. Ltd. (b) | 69,400 | 37,712 | |||||||
Benesse Holdings, Inc. (b) | 1,400 | 29,487 | |||||||
Bunka Shutter Co. Ltd. (b) | 7,400 | 70,628 | |||||||
Canon, Inc. (b) | 700 | 15,862 | |||||||
Casio Computer Co. Ltd. (b) | 6,200 | 117,416 | |||||||
Cawachi Ltd. (b) | 5,600 | 145,897 | |||||||
Chodai Co. Ltd. (b) | 3,600 | 58,232 | |||||||
Credit Saison Co. Ltd. (b) | 14,500 | 173,449 | |||||||
Cresco Ltd. (b) | 4,500 | 65,691 | |||||||
CTI Engineering Co. Ltd. (b) | 2,900 | 66,217 | |||||||
Cybernet Systems Co. Ltd. (b) | 7,900 | 62,707 | |||||||
Daicel Corp. (b) | 7,400 | 57,165 | |||||||
Daihen Corp. (b) | 1,400 | 61,757 |
Dai-ichi Life Holdings, Inc. (b) | 14,800 | 256,138 | ||||||
Daikin Industries Ltd. (b) | 1,200 | 242,973 | ||||||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. (b) | 1,400 | 31,331 | ||||||
Daito Trust Construction Co. Ltd. (b) | 900 | 104,702 | ||||||
DCM Holdings Co. Ltd. (b) | 9,600 | 100,504 | ||||||
Digital Holdings, Inc. (b) | 1,500 | 27,228 | ||||||
Digital Information Technologies Corp. (b) | 3,400 | 70,631 | ||||||
Eagle Industry Co. Ltd. (b) | 4,000 | 43,241 | ||||||
Earth Corp. (b) | 2,700 | 162,603 | ||||||
Eizo Corp. (b) | 900 | 34,046 | ||||||
EJ Holdings, Inc. (b) | 5,600 | 53,622 | ||||||
Electric Power Development Co. Ltd. (b) | 3,100 | 54,272 | ||||||
Exedy Corp. (b) | 7,900 | 119,812 | ||||||
FANUC Corp. (b) | 1,000 | 237,985 | ||||||
FIDEA Holdings Co. Ltd. (b) | 23,200 | 28,766 | ||||||
Fukuoka Financial Group, Inc. (b) | 30,100 | 573,364 | ||||||
Godo Steel Ltd. (b) | 4,500 | 88,635 | ||||||
Gumi, Inc. (b) | 3,500 | 28,800 | ||||||
Halows Co. Ltd. (b) | 1,500 | 39,436 | ||||||
Hankyu Hanshin REIT, Inc. (b) | 21 | 28,650 | ||||||
Hanwa Co. Ltd. (b) | 6,200 | 190,873 | ||||||
Hikari Tsushin, Inc. (b) | 300 | 60,457 | ||||||
Hitachi Metals Ltd. (b) | 87,600 | 1,441,372 | ||||||
Hitachi Zosen Corp. (b) | 37,200 | 300,291 | ||||||
Hokkaido Electric Power Co, Inc. (b) | 19,600 | 89,661 | ||||||
Hokuetsu Corp. (b) | 21,900 | 102,880 | ||||||
Hokuriku Electric Power Co (b) | 6,800 | 46,443 | ||||||
Honda Motor Co. Ltd. (b) | 64,200 | 1,932,480 | ||||||
Hoshizaki Corp. (b) | 1,800 | 160,379 | ||||||
Hoya Corp. (b) | 1,200 | 141,337 | ||||||
Ichigo Hotel REIT Investment Corp. (b) | 70 | 53,626 | ||||||
Iida Group Holdings Co. Ltd. (b) | 5,600 | 135,959 | ||||||
Iino Kaiun Kaisha Ltd. (b) | 11,300 | 54,258 | ||||||
Inpex Corp. (b) | 39,100 | 266,823 | ||||||
Invincible Investment Corp. (b) | 336 | 126,975 | ||||||
ISB Corp. (b) | 2,500 | 28,436 | ||||||
Isuzu Motors Ltd. (b) | 41,000 | 442,562 | ||||||
Itfor, Inc. (b) | 9,400 | 70,634 | ||||||
Itochu Techno-Solutions Corp. (b) | 200 | 6,474 | ||||||
Itoham Yonekyu Holdings, Inc. (b) | 9,600 | 63,364 | ||||||
Jaccs Co. Ltd. (b) | 2,500 | 51,394 | ||||||
Janome Sewing Machine Co. Ltd. (b) | 7,100 | 53,821 | ||||||
Japan Communications, Inc. (a)(b) | 11,700 | 27,322 | ||||||
Japan Logistics Fund, Inc. (b) | 16 | 45,062 | ||||||
Japan Petroleum Exploration Co. Ltd. (b) | 4,000 | 74,184 | ||||||
Japan Securities Finance Co. Ltd. (b) | 14,500 | 104,787 | ||||||
JGC Holdings Corp. (b) | 3,200 | 39,486 |
JVCKenwood Corp. (b) | 36,100 | 72,004 | ||||||
Kaga Electronics Co. Ltd. (b) | 3,400 | 76,450 | ||||||
Kajima Corp. (b) | 6,200 | 88,402 | ||||||
Kandenko Co. Ltd. (b) | 27,900 | 244,544 | ||||||
Kansai Paint Co. Ltd. (b) | 5,600 | 150,007 | ||||||
KDDI Corp. (b) | 1,400 | 43,018 | ||||||
Keyence Corp. (b) | 3,880 | 1,771,013 | ||||||
KFC Holdings Japan Ltd. (b) | 2,700 | 72,368 | ||||||
Kintetsu World Express, Inc. (b) | 3,100 | 80,615 | ||||||
Koei Chemical Co. Ltd. (b) | 1,100 | 29,179 | ||||||
Komatsu Ltd. (b) | 65,700 | 2,029,780 | ||||||
Komeri Co. Ltd. (b) | 1,900 | 52,894 | ||||||
K's Holdings Corp. (b) | 5,900 | 81,258 | ||||||
Kureha Corp. (b) | 1,000 | 69,267 | ||||||
Kyoei Steel Ltd. (b) | 5,200 | 77,914 | ||||||
Life Corp. (b) | 800 | 24,442 | ||||||
Macnica Fuji Electronics Holdings, Inc. (b) | 6,200 | 124,187 | ||||||
Maruha Nichiro Corp. (b) | 1,600 | 38,007 | ||||||
McDonald's Holdings Co Japan Ltd. (b) | 4,100 | 188,970 | ||||||
MCJ Co. Ltd. (b) | 3,700 | 32,264 | ||||||
Medipal Holdings Corp. (b) | 1,400 | 26,925 | ||||||
Megachips Corp. (a)(b) | 2,400 | 76,805 | ||||||
Meiwa Estate Co. Ltd. (b) | 11,900 | 76,080 | ||||||
Mimasu Semiconductor Industry Co. Ltd. (b) | 5,100 | 126,204 | ||||||
Mirai Corp. (b) | 383 | 166,584 | ||||||
Mitsubishi Heavy Industries Ltd. (b) | 2,200 | 68,716 | ||||||
Mitsubishi Research Institute, Inc. (b) | 1,900 | 70,889 | ||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. (b) | 7,200 | 43,653 | ||||||
Mitsui & Co. Ltd. (b) | 29,500 | 616,669 | ||||||
Mitsui-Soko Holdings Co. Ltd. (b) | 4,900 | 96,288 | ||||||
MS&AD Insurance Group Holdings, Inc. (b) | 20,500 | 604,120 | ||||||
Nafco Co. Ltd. (b) | 5,600 | 108,288 | ||||||
NH Foods Ltd. (b) | 1,200 | 51,569 | ||||||
Nintendo Co. Ltd. (b) | 400 | 223,899 | ||||||
Nippo Corp. (b) | 1,800 | 49,244 | ||||||
Nippon Commercial Development Co. Ltd. (b) | 3,500 | 54,404 | ||||||
Nippon Sanso Holdings Corp. (b) | 200 | 3,800 | ||||||
Nippon Systemware Co. Ltd. (b) | 2,300 | 43,384 | ||||||
Nippon Telegraph & Telephone Corp. (b) | 1,400 | 36,032 | ||||||
Nippon Yusen KK (b) | 4,200 | 144,113 | ||||||
Nipro Corp. (b) | 12,800 | 154,763 | ||||||
Nishi-Nippon Financial Holdings, Inc. (b) | 14,900 | 106,888 | ||||||
Nishio Rent All Co. Ltd. (b) | 1,700 | 46,077 | ||||||
Nissan Chemical Corp. (b) | 1,700 | 90,874 | ||||||
Nissan Motor Co. Ltd. (a)(b) | 1,100 | 6,157 | ||||||
Nitori Holdings Co. Ltd. (b) | 200 | 38,814 | ||||||
Nitto Denko Corp. (b) | 4,300 | 369,167 | ||||||
Nittoc Construction Co. Ltd. (b) | 5,600 | 42,065 |
Nojima Corp. (b) | 1,000 | 25,483 | ||||||
NOK Corp. (b) | 6,000 | 81,765 | ||||||
Nomura Real Estate Holdings, Inc. (b) | 7,800 | 188,567 | ||||||
Nomura Research Institute Ltd. (b) | 5,201 | 161,662 | ||||||
North Pacific Bank Ltd. (b) | 26,200 | 75,972 | ||||||
NS United Kaiun Kaisha Ltd. (b) | 2,500 | 42,680 | ||||||
Okamura Corp. (b) | 8,000 | 93,794 | ||||||
Oki Electric Industry Co. Ltd. (a)(b) | 5,200 | 54,147 | ||||||
Okura Industrial Co. Ltd. (b) | 1,400 | 26,050 | ||||||
Olympus Corp. (b) | 10,500 | 217,816 | ||||||
Open House Co. Ltd. (b) | 2,300 | 98,374 | ||||||
Organo Corp. (b) | 1,300 | 78,170 | ||||||
Osaka Soda Co. Ltd. (b) | 1,000 | 23,817 | ||||||
OSJB Holdings Corp. (b) | 35,600 | 97,741 | ||||||
Otsuka Holdings Co. Ltd. (b) | 2,300 | 97,598 | ||||||
Oyo Corp. (b) | 3,700 | 43,286 | ||||||
Panasonic Corp. (b) | 198,341 | 2,562,488 | ||||||
Persol Holdings Co. Ltd. (b) | 8,400 | 165,165 | ||||||
Prima Meat Packers Ltd. (b) | 1,900 | 60,082 | ||||||
Recruit Holdings Co. Ltd. (b) | 5,900 | 289,528 | ||||||
Relia, Inc. (b) | 6,600 | 85,353 | ||||||
Renesas Electronics Corp. (a)(b) | 14,100 | 154,888 | ||||||
Resona Holdings, Inc. (b) | 150,900 | 632,436 | ||||||
Resorttrust, Inc. (b) | 1,600 | 26,786 | ||||||
Restar Holdings Corp. (b) | 4,000 | 73,887 | ||||||
Ride On Express Holdings Co. Ltd. (b) | 2,500 | 38,130 | ||||||
Rinnai Corp. (b) | 1,800 | 202,028 | ||||||
Ryobi Ltd. (a)(b) | 3,600 | 54,264 | ||||||
Sawai Pharmaceutical Co. Ltd. (b) | 1,400 | 67,076 | ||||||
SCSK Corp. (b) | 1,300 | 77,280 | ||||||
Secom Co. Ltd. (b) | 500 | 42,215 | ||||||
Seven & i Holdings Co. Ltd. (b) | 1,800 | 72,742 | ||||||
Shimadzu Corp. (b) | 9,600 | 349,236 | ||||||
Shimano, Inc. (b) | 1,800 | 429,940 | ||||||
Shinoken Group Co. Ltd. (b) | 2,900 | 33,238 | ||||||
Shionogi & Co. Ltd. (b) | 900 | 48,546 | ||||||
SKY Perfect JSAT Holdings, Inc. (b) | 37,300 | 166,024 | ||||||
SoftBank Corp. (b) | 1,500 | 19,521 | ||||||
SoftBank Group Corp. (b) | 400 | 33,915 | ||||||
Softcreate Holdings Corp. (b) | 1,700 | 38,646 | ||||||
Soiken Holdings, Inc. (b) | 8,700 | 44,288 | ||||||
Sony Corp. (b) | 400 | 42,113 | ||||||
Starts Proceed Investment Corp. (b) | 44 | 89,335 | ||||||
Sumitomo Corp. (b) | 11,100 | 158,770 | ||||||
Sumitomo Mitsui Financial Group, Inc. (b) | 29,400 | 1,069,071 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. (b) | 1,400 | 48,733 |
Sumitomo Riko Co. Ltd. (b) | 4,900 | 31,657 | |||||||
Sundrug Co. Ltd. (b) | 1,900 | 69,647 | |||||||
Suzuki Motor Corp. (b) | 7,800 | 355,179 | |||||||
T&D Holdings, Inc. (b) | 37,600 | 488,184 | |||||||
Taiheiyo Cement Corp. (b) | 1,700 | 44,849 | |||||||
Taisei Corp. (b) | 2,600 | 100,248 | |||||||
Taiyo Holdings Co. Ltd. (b) | 500 | 27,339 | |||||||
Takamatsu Construction Group Co. Ltd. (b) | 1,300 | 25,362 | |||||||
Takara Leben Co. Ltd. (b) | 19,700 | 66,530 | |||||||
Takara Leben Real Estate Investment Corp. (b) | 60 | 59,247 | |||||||
Takasho Co. Ltd. (b) | 3,900 | 26,972 | |||||||
Tamron Co. Ltd. (b) | 1,600 | 31,224 | |||||||
The 77 Bank Ltd. (b) | 4,100 | 57,734 | |||||||
The Juroku Bank Ltd. (b) | 3,400 | 67,988 | |||||||
The Nisshin Oillio Group Ltd. (b) | 4,900 | 144,379 | |||||||
The Oita Bank Ltd. (b) | 1,300 | 25,363 | |||||||
The Yamanashi Chuo Bank Ltd. (b) | 4,600 | 38,297 | |||||||
Toa Corp. (b) | 4,300 | 95,047 | |||||||
Tokyo Electron Device Ltd. (b) | 3,200 | 113,125 | |||||||
Tokyo Electron Ltd. (b) | 600 | 256,889 | |||||||
Tokyo Gas Co. Ltd. (b) | 7,400 | 164,472 | |||||||
Tokyo Tekko Co. Ltd. (b) | 3,400 | 58,154 | |||||||
Tokyotokeiba Co. Ltd. (b) | 2,900 | 146,660 | |||||||
Torii Pharmaceutical Co. Ltd. (b) | 2,700 | 73,101 | |||||||
TOTO Ltd. (b) | 2,800 | 172,847 | |||||||
Towa Pharmaceutical Co. Ltd. (b) | 1,700 | 37,602 | |||||||
Toyo Seikan Group Holdings Ltd. (b) | 8,300 | 99,115 | |||||||
Toyobo Co. Ltd. (b) | 3,400 | 43,733 | |||||||
Toyoda Gosei Co. Ltd. (b) | 200 | 5,280 | |||||||
Trend Micro, Inc. (b) | 1,200 | 60,154 | |||||||
Tsukuba Bank Ltd. (b) | 13,800 | 22,904 | |||||||
United Urban Investment Corp. (b) | 4 | 5,383 | |||||||
USS Co. Ltd. (b) | 3,800 | 74,466 | |||||||
Valqua Ltd. (b) | 1,700 | 32,839 | |||||||
Warabeya Nichiyo Holdings Co. Ltd. (b) | 2,500 | 38,209 | |||||||
Welcia Holdings Co. Ltd. (b) | 2,800 | 96,022 | |||||||
Will Group, Inc. (b) | 9,700 | 100,687 | |||||||
Yamada Holdings Co. Ltd. (a)(b) | 11,100 | 59,972 | |||||||
Yamaha Corp. (b) | 800 | 43,553 | |||||||
Yamaha Motor Co. Ltd. (b) | 200 | 4,942 | |||||||
Yokogawa Bridge Holdings Corp. (b) | 1,900 | 35,192 | |||||||
Yokohama Reito Co. Ltd. (b) | 6,000 | 49,439 | |||||||
ZOZO, Inc. (b) | 5,000 | 148,087 | |||||||
30,714,553 | |||||||||
Jersey - 0.0% (f) | |||||||||
Centamin PLC (b) | 54,095 | 77,576 |
Luxembourg - 0.2% | |||||||||
ArcelorMittal SA (a)(b) | 3,390 | 98,374 | |||||||
Aroundtown SA (b) | 11,178 | 79,565 | |||||||
SES SA (b) | 9,215 | 73,198 | |||||||
Tenaris SA (b) | 18,697 | 211,738 | |||||||
462,875 | |||||||||
Malaysia - 0.3% | |||||||||
Frencken Group Ltd. (b) | 141,400 | 161,440 | |||||||
Hartalega Holdings Bhd (b) | 59,400 | 127,744 | |||||||
Hengyuan Refining Co Bhd (b) | 41,300 | 51,792 | |||||||
Hong Leong Bank Bhd (b) | 24,500 | 110,625 | |||||||
Kossan Rubber Industries (b) | 48,900 | 38,405 | |||||||
Lotte Chemical Titan Holding Bhd (b)(e) | 101,100 | 62,266 | |||||||
Malaysia Building Society Bhd (b) | 176,500 | 28,149 | |||||||
My EG Services Bhd (b) | 90,200 | 43,171 | |||||||
Petronas Gas Bhd (b) | 1,300 | 5,014 | |||||||
Supermax Corp. Bhd (b) | 27,600 | 25,315 | |||||||
TIME dotCom Bhd (b) | 11,700 | 40,408 | |||||||
Uchi Technologies Bhd (b) | 35,400 | 26,780 | |||||||
VS Industry Bhd (b) | 56,300 | 38,779 | |||||||
759,888 | |||||||||
Malta - 0.0% (f) | |||||||||
Angler Gaming PLC (c)(d) | 9,211 | 28,476 | |||||||
Kindred Group PLC (a)(b) | 3,743 | 65,797 | |||||||
94,273 | |||||||||
Mexico - 0.1% | |||||||||
Bolsa Mexicana de Valores SAB de CV | 12,600 | 25,367 | |||||||
Grupo Cementos de Chihuahua SAB de CV | 13,500 | 93,162 | |||||||
Grupo Mexico SAB de CV | 28,300 | 149,174 | |||||||
Qualitas Controladora SAB de CV | 8,300 | 45,643 | |||||||
313,346 | |||||||||
Monaco - 0.0% (f) | |||||||||
Endeavour Mining Corp. | 1,012 | 20,398 | |||||||
Netherlands - 3.7% | |||||||||
Adyen NV (a)(b)(e) | 655 | 1,468,448 | |||||||
Akzo Nobel NV (b) | 3,124 | 349,119 | |||||||
ASML Holding NV (b) | 1,639 | 999,693 | |||||||
ASML Holding NV | 4,810 | 2,969,502 | |||||||
ASR Nederland NV (b) | 3,832 | 171,515 | |||||||
Boskalis Westminster (a)(b) | 1,780 | 57,162 | |||||||
Eurocommercial Properties NV (a)(b) | 5,230 | 115,532 | |||||||
Flow Traders (b)(e) | 783 | 32,741 | |||||||
Heijmans NV (a)(b) | 4,019 | 66,997 | |||||||
ING Groep NV (b) | 129,229 | 1,585,899 | |||||||
Koninklijke Ahold Delhaize NV (b) | 16,037 | 446,697 |
Koninklijke BAM Groep NV (a)(b) | 17,187 | 43,598 | |||||||
Koninklijke KPN NV (b) | 42,263 | 143,690 | |||||||
NN Group NV (b) | 936 | 45,713 | |||||||
Ordina NV (b) | 9,192 | 35,804 | |||||||
Pharming Group NV (a)(b) | 30,886 | 40,009 | |||||||
Randstad NV (b) | 4,718 | 331,934 | |||||||
Royal Dutch Shell PLC - Class A (b) | 8,661 | 168,612 | |||||||
Royal Dutch Shell PLC - Class A (b) | 91,689 | 1,798,415 | |||||||
Royal Dutch Shell PLC - Class B (b) | 4,012 | 73,793 | |||||||
Signify NV (a)(b)(e) | 787 | 40,584 | |||||||
Stellantis NV (b) | 1,971 | 34,984 | |||||||
11,020,441 | |||||||||
New Zealand - 0.1% | |||||||||
Fisher & Paykel Healthcare Corp. Ltd. (b) | 5,342 | 119,949 | |||||||
Kiwi Property Group Ltd. (b) | 31,427 | 27,246 | |||||||
Pushpay Holdings Ltd. (a)(b) | 60,997 | 88,839 | |||||||
The a2 Milk Co. Ltd. (a)(b) | 5,704 | 34,406 | |||||||
270,440 | |||||||||
Norway - 0.3% | |||||||||
ArcticZymes Technologies ASA (a)(b) | 8,196 | 70,011 | |||||||
Atea ASA (b) | 2,637 | 44,852 | |||||||
Avance Gas Holding Ltd. (b)(e) | 6,359 | 35,333 | |||||||
Europris ASA (b)(e) | 19,452 | 116,332 | |||||||
Norsk Hydro ASA (b) | 63,080 | 404,188 | |||||||
Norwegian Finans Holding ASA (a)(b) | 6,254 | 70,188 | |||||||
SpareBank 1 Nord Norge (b) | 4,776 | 45,546 | |||||||
Veidekke ASA (b) | 2,030 | 28,177 | |||||||
814,627 | |||||||||
Peru - 0.0% (f) | |||||||||
Southern Copper Corp. | 814 | 55,246 | |||||||
Philippines - 0.0% (f) | |||||||||
First Gen Corp. (b) | 78,700 | 48,797 | |||||||
Metropolitan Bank & Trust Co (b) | 67,800 | 62,067 | |||||||
Nickel Asia Corp. (b) | 299,300 | 30,871 | |||||||
141,735 | |||||||||
Poland - 0.1% | |||||||||
Asseco Poland SA (b) | 1,443 | 24,685 | |||||||
Bank Polska Kasa Opieki SA (a)(b) | 1,865 | 33,291 | |||||||
Budimex SA (b) | 582 | 45,067 | |||||||
Enea SA (a)(b) | 23,053 | 37,080 | |||||||
Powszechna Kasa Oszczednosci Bank Polski SA (a)(b) | 7,677 | 63,495 | |||||||
Santander Bank Polska SA (a)(b) | 1,692 | 93,548 | |||||||
Tauron Polska Energia SA (a)(b) | 139,872 | 91,762 | |||||||
Warsaw Stock Exchange (b) | 2,389 | 27,685 | |||||||
416,613 |
Portugal - 0.0% (f) | |||||||||
Banco Comercial Portugues SA (a)(b) | 292,049 | 39,723 | |||||||
Sonae SGPS SA (b) | 66,751 | 60,955 | |||||||
100,678 | |||||||||
Qatar - 0.0% (f) | |||||||||
Qatar National Bank QPSC (b) | 9,364 | 46,254 | |||||||
Russia - 0.8% | |||||||||
LUKOIL PJSC - ADR | 16,488 | 1,332,066 | |||||||
MMC Norilsk Nickel PJSC (b) | 1,064 | 334,646 | |||||||
Novolipetsk Steel PJSC (b) | 56,950 | 181,707 | |||||||
PhosAgro PJSC (b) | 2,007 | 35,851 | |||||||
Polyus PJSC (b) | 24 | 4,438 | |||||||
Rostelecom PJSC (a)(b) | 106,154 | 151,418 | |||||||
Severstal PAO (b) | 9,951 | 202,495 | |||||||
Tatneft PJSC (b) | 15,618 | 123,456 | |||||||
2,366,077 | |||||||||
Saudi Arabia - 0.0% (f) | |||||||||
Al Hammadi Co for Development and Investment (a)(b) | 3,164 | 24,520 | |||||||
Saudi Kayan Petrochemical Co (a)(b) | 3,713 | 15,787 | |||||||
Yanbu National Petrochemical Co (b) | 131 | 2,417 | |||||||
42,724 | |||||||||
Singapore - 1.0% | |||||||||
AEM Holdings Ltd. (b) | 22,400 | 69,178 | |||||||
AIMS APAC REIT (b) | 43,200 | 41,460 | |||||||
BW Energy Ltd. (a)(b) | 14,748 | 46,394 | |||||||
BW LPG Ltd. (b)(e) | 12,482 | 85,561 | |||||||
DBS Group Holdings Ltd. (b) | 54,850 | 1,183,220 | |||||||
IGG, Inc. (b) | 23,000 | 29,796 | |||||||
Japfa Ltd. (b) | 149,100 | 101,646 | |||||||
Keppel DC REIT (b) | 20,200 | 40,592 | |||||||
Oversea-Chinese Banking Corp. Ltd. (b) | 1,600 | 14,009 | |||||||
Riverstone Holdings Ltd. (b) | 19,000 | 17,400 | |||||||
Sheng Siong Group Ltd. (b) | 72,400 | 82,948 | |||||||
Singapore Exchange Ltd. (b) | 17,900 | 132,974 | |||||||
UMS Holdings Ltd. (b) | 35,000 | 34,836 | |||||||
Wilmar International Ltd. (b) | 280,800 | 1,135,269 | |||||||
XP Power Ltd. (b) | 675 | 43,732 | |||||||
3,059,015 | |||||||||
South Africa - 0.3% | |||||||||
African Rainbow Minerals Ltd. (b) | 5,025 | 94,982 | |||||||
Anglo American Platinum Ltd. (b) | 1,646 | 241,208 | |||||||
Impala Platinum Holdings Ltd. (b) | 2,010 | 37,249 | |||||||
Investec PLC (b) | 47,186 | 142,640 | |||||||
Kumba Iron Ore Ltd. (b) | 1,816 | 74,842 | |||||||
Mr Price Group Ltd. (b) | 6,559 | 86,042 | |||||||
Ninety One Ltd. (b) | 14,532 | 47,323 | |||||||
Royal Bafokeng Platinum Ltd. (b) | 7,033 | 52,416 | |||||||
Shoprite Holdings Ltd. (b) | 12,824 | 136,530 | |||||||
913,232 |
South Korea - 2.9% | ||||||||
AfreecaTV Co. Ltd. (b) | 561 | 39,077 | ||||||
Ahnlab, Inc. (b) | 586 | 34,009 | ||||||
Binggrae Co. Ltd. (b) | 524 | 27,759 | ||||||
BNK Financial Group, Inc. (b) | 21,211 | 127,417 | ||||||
Celltrion, Inc. (a)(b) | 21 | 6,172 | ||||||
Chong Kun Dang Pharmaceutical Corp. (b) | 177 | 21,671 | ||||||
Daelim Construction Co. Ltd. (b) | 3,353 | 103,794 | ||||||
Dawonsys Co. Ltd. (b) | 1,346 | 21,703 | ||||||
DB HiTek Co. Ltd. (b) | 1,072 | 53,913 | ||||||
DGB Financial Group, Inc. (b) | 9,839 | 73,187 | ||||||
Dongwha Pharm Co. Ltd. (b) | 2,970 | 37,566 | ||||||
Dongwon Industries Co. Ltd. (b) | 340 | 77,365 | ||||||
DoubleUGames Co. Ltd. (b) | 453 | 27,514 | ||||||
GOLFZON Co. Ltd. (b) | 427 | 34,027 | ||||||
Haimarrow Food Service Co. Ltd. (b) | 8,113 | 25,254 | ||||||
Han Kuk Carbon Co. Ltd. (b) | 6,063 | 66,218 | ||||||
Hana Financial Group, Inc. (b) | 21,866 | 824,986 | ||||||
Hankook Tire & Technology Co. Ltd. (b) | 3,531 | 153,732 | ||||||
Hanon Systems (b) | 3,463 | 54,380 | ||||||
Hansol Chemical Co. Ltd. (b) | 484 | 103,361 | ||||||
Hansol Technics Co. Ltd. (a)(b) | 4,997 | 46,800 | ||||||
Hanwha General Insurance Co. Ltd. (a)(b) | 11,184 | 48,320 | ||||||
Hanwha Life Insurance Co. Ltd. (b) | 14,071 | 39,808 | ||||||
Hanyang Eng Co. Ltd. (b) | 1,659 | 26,477 | ||||||
Hyundai Engineering & Construction Co. Ltd. (b) | 135 | 5,278 | ||||||
Insun ENT Co. Ltd. (a)(b) | 3,703 | 44,098 | ||||||
i-SENS, Inc. (b) | 1,074 | 23,386 | ||||||
JB Financial Group Co. Ltd. (b) | 5,186 | 30,061 | ||||||
JNTC Co. Ltd. (a)(b) | 2,626 | 23,208 | ||||||
Kakao Corp. (b) | 212 | 93,633 | ||||||
KGMobilians Co. Ltd. (b) | 3,027 | 26,564 | ||||||
Kia Motors Corp. (b) | 1,463 | 107,666 | ||||||
KIWOOM Securities Co. Ltd. (b) | 246 | 27,538 | ||||||
Kolmar BNH Co. Ltd. (b) | 801 | 39,057 | ||||||
Korea Asset In Trust Co. Ltd. (b) | 35,043 | 144,920 | ||||||
Korean Reinsurance Co (b) | 15,440 | 115,548 | ||||||
KT Skylife Co. Ltd. (b) | 6,104 | 46,653 | ||||||
LG Chem Ltd. (b) | 5 | 3,575 | ||||||
LG Hausys Ltd. (b) | 1,933 | 145,737 | ||||||
LG Innotek Co. Ltd. (b) | 700 | 127,678 | ||||||
LG Uplus Corp. (b) | 2,636 | 28,592 | ||||||
Lotte Chemical Corp. (b) | 41 | 10,965 | ||||||
Orion Corp. (b) | 886 | 102,905 | ||||||
POSCO (b) | 10,800 | 3,095,058 | ||||||
Samsung Card Co. Ltd. (b) | 955 | 29,109 |
Samsung Electronics Co. Ltd. (b) | 13,979 | 1,009,719 | |||||||
Seegene, Inc. (b) | 66 | 7,616 | |||||||
Seohee Construction Co. Ltd. (b) | 41,479 | 59,870 | |||||||
Shinhan Financial Group Co. Ltd. (b) | 33,480 | 1,110,085 | |||||||
Silicon Works Co. Ltd. (b) | 920 | 61,837 | |||||||
SK Gas Ltd. (b) | 1,079 | 101,695 | |||||||
Tokai Carbon Korea Co. Ltd. (b) | 271 | 45,239 | |||||||
Worldex Industry & Trading Co. Ltd. (b) | 1,770 | 39,054 | |||||||
Youngone Corp. (b) | 881 | 31,204 | |||||||
8,812,058 | |||||||||
Spain - 1.1% | |||||||||
Amadeus IT Group SA (a)(b) | 23,115 | 1,636,236 | |||||||
Banco Bilbao Vizcaya Argentaria SA (b) | 35,402 | 184,405 | |||||||
CaixaBank SA (b) | 243,410 | 753,562 | |||||||
Endesa SA (b) | 1,327 | 35,144 | |||||||
Faes Farma SA (b) | 18,439 | 79,015 | |||||||
Gestamp Automocion SA (a)(b)(e) | 15,130 | 76,781 | |||||||
Grupo Catalana Occidente SA (b) | 1,893 | 75,491 | |||||||
Industria de Diseno Textil SA (b) | 9,298 | 306,492 | |||||||
Liberbank SA (a)(b) | 93,437 | 33,541 | |||||||
Melia Hotels International SA (a)(b) | 970 | 7,209 | |||||||
Pharma Mar SA (b) | 309 | 35,864 | |||||||
Repsol SA (b) | 7,989 | 98,862 | |||||||
Sacyr SA (b) | 16,003 | 40,945 | |||||||
Telefonica SA (b) | 6,252 | 28,037 | |||||||
3,391,584 | |||||||||
Sweden - 2.3% | |||||||||
AcadeMedia AB (b)(e) | 8,323 | 78,061 | |||||||
Alfa Laval AB (a)(b) | 4,526 | 136,682 | |||||||
Atlas Copco AB (b) | 30,396 | 1,850,707 | |||||||
Beijer Ref AB (b) | 527 | 23,166 | |||||||
Betsson AB (b) | 7,008 | 64,969 | |||||||
Bilia AB (a)(b) | 6,610 | 97,864 | |||||||
Biotage AB (a)(b) | 2,218 | 39,077 | |||||||
Bufab AB (a)(b) | 1,010 | 24,920 | |||||||
Bulten AB (a)(b) | 3,494 | 41,855 | |||||||
Epiroc AB (b) | 1,178 | 26,685 | |||||||
Evolution Gaming Group AB (b)(e) | 4,717 | 694,796 | |||||||
Ferronordic AB (b) | 1,876 | 43,824 | |||||||
Fortnox AB (b) | 3,602 | 160,474 | |||||||
G5 Entertainment AB (b) | 894 | 50,883 | |||||||
Getinge AB - Class B (b) | 2,041 | 56,635 | |||||||
H & M Hennes & Mauritz AB (a)(b) | 504 | 11,334 | |||||||
Husqvarna AB (b) | 6,372 | 91,657 | |||||||
Intrum AB (b) | 917 | 29,395 | |||||||
Inwido AB (a)(b) | 11,418 | 188,256 | |||||||
KNOW IT AB (a)(b) | 2,522 | 78,541 |
LeoVegas AB (b)(e) | 12,386 | 72,479 | |||||||
Lime Technologies AB (b) | 1,496 | 62,303 | |||||||
Lindab International AB (b) | 3,097 | 62,582 | |||||||
Loomis AB (b) | 2,793 | 84,935 | |||||||
Lundin Energy AB (b) | 9,418 | 295,962 | |||||||
NCC AB (b) | 4,911 | 82,883 | |||||||
New Wave Group AB - Class B (a)(b) | 8,422 | 67,312 | |||||||
Nibe Industrier AB - Class B (b) | 318 | 9,863 | |||||||
Nobina AB (a)(b)(e) | 16,280 | 136,522 | |||||||
Nordic Waterproofing Holding AB (a)(b) | 2,442 | 46,979 | |||||||
Note AB (a)(b) | 4,906 | 43,769 | |||||||
Nyfosa AB (a)(b) | 6,967 | 71,608 | |||||||
Platzer Fastigheter Holding AB - Class B (b) | 2,852 | 33,898 | |||||||
Pricer AB (b) | 18,235 | 71,966 | |||||||
Sandvik AB (a)(b) | 21,968 | 600,322 | |||||||
Svenska Handelsbanken AB (b) | 4,319 | 46,888 | |||||||
Swedbank AB (b) | 14,133 | 248,772 | |||||||
SwedenCare AB (b) | 608 | 29,168 | |||||||
Swedish Match AB (b) | 4,846 | 378,375 | |||||||
Swedish Orphan Biovitrum AB (a)(b) | 2,358 | 37,675 | |||||||
Telefonaktiebolaget LM Ericsson (b) | 11,432 | 151,220 | |||||||
Tethys Oil AB (b) | 11,282 | 83,794 | |||||||
Thule Group AB (a)(b)(e) | 3,553 | 154,161 | |||||||
Vitrolife AB (a)(b) | 1,962 | 57,607 | |||||||
6,720,824 | |||||||||
Switzerland - 5.2% | |||||||||
Adecco Group AG (b) | 448 | 30,172 | |||||||
Alcon, Inc. (a)(b) | 25,532 | 1,787,638 | |||||||
Allreal Holding AG (b) | 98 | 19,740 | |||||||
Bachem Holding AG (b) | 538 | 230,623 | |||||||
Bellevue Group AG (b) | 734 | 30,209 | |||||||
Cie Financiere Richemont SA (b) | 96 | 9,218 | |||||||
Credit Suisse Group AG (b) | 40,678 | 429,468 | |||||||
dormakaba Holding AG (b) | 84 | 57,375 | |||||||
Ferrexpo PLC (b) | 14,776 | 76,298 | |||||||
GAM Holding AG (a)(b) | 11,288 | 29,703 | |||||||
Geberit AG (b) | 745 | 474,178 | |||||||
Interroll Holding AG (b) | 12 | 42,405 | |||||||
Kongsberg Automotive ASA (a)(b) | 67,180 | 22,166 | |||||||
Kuehne + Nagel International AG (b) | 22 | 6,277 | |||||||
LafargeHolcim Ltd. (b) | 12,355 | 726,160 | |||||||
LEM Holding SA (b) | 22 | 42,505 | |||||||
Logitech International SA (b) | 1,646 | 172,527 | |||||||
Lonza Group AG (b) | 2,748 | 1,535,771 | |||||||
Nestle SA (b) | 19,010 | 2,118,766 | |||||||
Novartis AG (b) | 1,754 | 149,832 | |||||||
Partners Group Holding AG (b) | 115 | 146,942 |
Roche Holding AG (b) | 6,613 | 2,137,583 | |||||||
Schindler Holding AG (b) | 403 | 118,384 | |||||||
SGS SA (b) | 9 | 25,532 | |||||||
Siegfried Holding AG (b) | 35 | 28,827 | |||||||
Sika AG (b) | 6,870 | 1,962,363 | |||||||
Sonova Holding AG (a)(b) | 2,109 | 558,696 | |||||||
STMicroelectronics NV (b) | 15,812 | 602,747 | |||||||
Straumann Holding AG (b) | 23 | 28,679 | |||||||
Tecan Group AG (b) | 442 | 196,160 | |||||||
UBS Group AG (b) | 99,404 | 1,539,098 | |||||||
Zehnder Group AG (b) | 1,716 | 136,772 | |||||||
15,472,814 | |||||||||
Taiwan - 5.4% | |||||||||
Acer, Inc. (b) | 141,000 | 155,817 | |||||||
ASE Technology Holding Co. Ltd. (b) | 18,000 | 68,631 | |||||||
ASROCK, Inc. (b) | 6,000 | 33,941 | |||||||
Asustek Computer, Inc. (b) | 7,000 | 91,800 | |||||||
Catcher Technology Co. Ltd. (b) | 136,000 | 1,010,574 | |||||||
Cheng Loong Corp. (b) | 37,000 | 45,407 | |||||||
Cheng Shin Rubber Industry Co. Ltd. (b) | 71,000 | 120,069 | |||||||
Chicony Power Technology Co. Ltd. (b) | 24,000 | 69,026 | |||||||
China General Plastics Corp. (b) | 55,000 | 72,156 | |||||||
Chung Hung Steel Corp. (a)(b) | 111,000 | 76,402 | |||||||
Compal Electronics, Inc. (b) | 157,000 | 147,324 | |||||||
Compeq Manufacturing Co. Ltd. (b) | 29,000 | 43,740 | |||||||
DA CIN Construction Co. Ltd. (b) | 72,000 | 81,845 | |||||||
Dimerco Express Corp. (b) | 11,269 | 32,623 | |||||||
Eclat Textile Co. Ltd. (b) | 10,200 | 172,256 | |||||||
Feng Hsin Steel Co. Ltd. (b) | 42,000 | 105,452 | |||||||
Feng TAY Enterprise Co. Ltd. (b) | 860 | 5,884 | |||||||
Formosa Chemicals & Fibre Corp. (b) | 2,000 | 6,149 | |||||||
Formosan Rubber Group, Inc. (b) | 87,000 | 75,546 | |||||||
Foxsemicon Integrated Technology, Inc. (b) | 3,000 | 24,777 | |||||||
Gigabyte Technology Co. Ltd. (b) | 24,000 | 84,465 | |||||||
Global Mixed Mode Technology, Inc. (b) | 4,000 | 29,325 | |||||||
Global Unichip Corp. (b) | 3,000 | 42,427 | |||||||
Grand Pacific Petrochemical (a)(b) | 48,000 | 46,452 | |||||||
Greatek Electronics, Inc. (b) | 52,000 | 130,373 | |||||||
Ho Tung Chemical Corp. (a)(b) | 198,000 | 68,809 | |||||||
Hon Hai Precision Industry Co. Ltd. (b) | 667,461 | 2,927,592 | |||||||
IBF Financial Holdings Co. Ltd. (b) | 81,000 | 48,169 | |||||||
International Games System Co. Ltd. (b) | 3,000 | 80,456 | |||||||
ITE Technology, Inc. (b) | 55,000 | 188,591 | |||||||
Kindom Development Co. Ltd. (b) | 75,000 | 104,023 | |||||||
Kuoyang Construction Co. Ltd. (b) | 111,914 | 157,143 | |||||||
Lotes Co. Ltd. (b) | 5,000 | �� | 88,140 | ||||||
MediaTek, Inc. (b) | 11,600 | 398,677 |
Micro-Star International Co. Ltd. (b) | 33,000 | 203,131 | |||||||
Nantex Industry Co. Ltd. (b) | 26,000 | 100,364 | |||||||
Nien Made Enterprise Co. Ltd. (b) | 12,400 | 173,182 | |||||||
Novatek Microelectronics Corp. (b) | 22,700 | 462,539 | |||||||
Pegavision Corp. (b) | 8,000 | 107,271 | |||||||
Pou Chen Corp. (b) | 16,000 | 18,515 | |||||||
Quanta Computer, Inc. (b) | 66,000 | 226,981 | |||||||
Realtek Semiconductor Corp. (b) | 28,400 | 496,786 | |||||||
Shin Foong Specialty & Applied Materials Co. Ltd. (b) | 6,000 | 48,373 | |||||||
Shining Building Business Co. Ltd. (a)(b) | 107,000 | 54,289 | |||||||
Shiny Chemical Industrial Co. Ltd. (b) | 19,000 | 77,023 | |||||||
Silicon Motion Technology Corp. - ADR | 500 | 29,695 | |||||||
Sincere Navigation Corp. (b) | 85,000 | 65,518 | |||||||
Sonix Technology Co. Ltd. (b) | 39,000 | 140,243 | |||||||
Taita Chemical Co. Ltd. (b) | 25,000 | 37,885 | |||||||
Taiwan Semiconductor Manufacturing Co. Ltd. (b) | 123,600 | 2,570,066 | |||||||
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR (b) | 31,208 | 3,691,282 | |||||||
TXC Corp. (b) | 36,000 | 130,300 | |||||||
United Microelectronics Corp. (b) | 91,900 | 164,148 | |||||||
UPC Technology Corp. (b) | 44,000 | 31,818 | |||||||
Vanguard International Semiconductor Corp. (b) | 22,000 | 84,027 | |||||||
Wan Hai Lines Ltd. (b) | 51,000 | 99,233 | |||||||
YFY, Inc. (b) | 300,000 | 333,163 | |||||||
Youngtek Electronics Corp. (b) | 20,000 | 47,519 | |||||||
Yuanta Financial Holding Co. Ltd. (b) | 24,472 | 19,328 | |||||||
16,246,740 | |||||||||
Thailand - 0.4% | |||||||||
AP Thailand PCL (b) | 325,400 | 85,444 | |||||||
Hana Microelectronics PCL (b) | 25,800 | 45,764 | |||||||
Kasikornbank PCL (b) | 2,800 | 13,026 | |||||||
Mega Lifesciences PCL (b) | 49,000 | 53,858 | |||||||
Polyplex Thailand PCL (b) | 89,900 | 66,240 | |||||||
Quality Houses PCL | 331,100 | 10,807 | |||||||
RS PCL (b) | 74,414 | 69,186 | |||||||
Sansiri PCL (b) | 2,403,200 | 83,225 | |||||||
The Siam Commercial Bank PCL (b) | 193,500 | 691,459 | |||||||
United Paper PCL (b) | 73,608 | 46,224 | |||||||
1,165,233 | |||||||||
Turkey - 0.3% | |||||||||
Akbank TAS (b) | 649,930 | 368,630 | |||||||
Aksa Akrilik Kimya Sanayii AS (b) | 22,794 | 44,697 | |||||||
Aksa Enerji Uretim AS (a)(b) | 53,936 | 76,062 | |||||||
Deva Holding AS (b) | 9,635 | 35,472 | |||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS (b) | 271,236 | 63,060 | |||||||
Haci Omer Sabanci Holding AS (b) | 94,813 | 99,252 | |||||||
Koza Altin Isletmeleri AS (a)(b) | 1,315 | 18,963 | |||||||
Koza Anadolu Metal Madencilik Isletmeleri AS (a)(b) | 10,520 | 17,854 | |||||||
Logo Yazilim Sanayi Ve Ticaret AS (a)(b) | 1,438 | 27,060 | |||||||
Vestel Elektronik Sanayi ve Ticaret AS (a)(b) | 11,637 | 52,860 | |||||||
803,910 |
Uae - 0.2% | |||||||||
Abu Dhabi Commercial Bank (b) | 333,492 | 562,182 | |||||||
Dubai Islamic Bank PJSC (b) | 69,170 | 85,749 | |||||||
647,931 | |||||||||
United States - 2.2% | |||||||||
Aon PLC | 5,274 | 1,213,600 | |||||||
Mettler-Toledo International, Inc. (a)(b) | 1,396 | 1,613,343 | |||||||
Parade Technologies Ltd. (b) | 2,000 | 86,797 | |||||||
ResMed, Inc. (b) | 10,498 | 2,036,822 | |||||||
STERIS PLC | 7,736 | 1,473,553 | |||||||
6,424,115 | |||||||||
Total Common Stocks (Cost $170,224,899) | 231,990,771 | ||||||||
PREFERRED STOCKS - 1.1% | |||||||||
Brazil - 0.2% | |||||||||
Cia De Saneamento Do Parana (b) | 68,200 | 53,676 | |||||||
Cia Energetica De Minas Gerais | 32,300 | 74,715 | |||||||
Cia Paranaense De Energia (b) | 95,000 | 120,509 | |||||||
Petroleo Brasileiro Sa (b) | 33,100 | 142,252 | |||||||
Unipar Carbocloro Sa (b) | 2,500 | 30,358 | |||||||
421,510 | |||||||||
Germany - 0.9% | |||||||||
Bayerische Motoren Werke Ag (b) | 1,529 | 121,702 | |||||||
Draegerwerk Ag & Co Kgaa (b) | 598 | 48,094 | |||||||
Einhell Germany Ag (b) | 210 | 30,533 | |||||||
Fuchs Petrolub Se (b) | 709 | 33,956 | |||||||
Schaeffler Ag (b) | 3,400 | 30,192 | |||||||
Sixt Se (b) | 439 | 34,241 | |||||||
Volkswagen Ag (b) | 8,325 | 2,326,539 | |||||||
2,625,257 | |||||||||
Russia - 0.0% (f) | |||||||||
Transneft Pjsc (b) | 40 | 77,623 | |||||||
South Korea - 0.0% (f) | |||||||||
Samsung Electronics Co. Ltd. (b) | 414 | 26,785 | |||||||
Total Preferred Stocks (Cost $3,089,866) | 3,151,175 | ||||||||
Par Value | |||||||||
U.S. TREASURY OBLIGATIONS - 0.6% | |||||||||
U.S. Treasury Notes - 0.6% | |||||||||
United States Treasury Note/Bond | |||||||||
0.125%, due 03/31/23 (b) | 199,900 | 199,775 | |||||||
0.250%, due 03/15/24 (b) | 687,900 | 686,073 | |||||||
0.250%, due 10/31/25 (b) | 59,000 | 57,451 | |||||||
0.750%, due 03/31/26 (b) | 595,000 | 589,794 | |||||||
1.125%, due 02/15/31 (b)(g) | 150,000 | 141,726 | |||||||
Total U.S. Treasury Obligations (Cost $1,681,321) | 1,674,819 |
NON-AGENCY MORTGAGE-BACKED OBLIGATIONS - 2.6% | ||||||||
Alen 2021-ACEN Mortgage Trust | ||||||||
Series 2021-ACEN, 2.365%, due 04/15/38 (1 Month U.S. LIBOR + 2.250%) (b)(e) | 200,000 | 200,062 | ||||||
BBCMS 2018-TALL Mortgage Trust | ||||||||
Series 2018-TALL, 0.837%, due 03/15/37 (1 Month U.S. LIBOR + 0.722%) (b)(e) | 200,000 | 198,003 | ||||||
BX Commercial Mortgage Trust 2019-XL | ||||||||
Series 2019-XL, 1.915%, due 10/15/36 (1 Month U.S. LIBOR + 1.800%) (b)(e) | 188,102 | 187,985 | ||||||
BX Commercial Mortgage Trust 2020-VKNG | ||||||||
Series 2020-VKNG, 1.515%, due 10/15/37 (1 Month U.S. LIBOR + 1.400%) (b)(e) | 100,000 | 100,312 | ||||||
CIM Trust 2021-J1 | ||||||||
Series 2021-J1, 2.500%, due 03/25/51 (b)(e)(h) | 499,129 | 507,067 | ||||||
Citigroup Commercial Mortgage Trust 2016-P4 | ||||||||
Series 2016-P4, 4.129%, due 07/12/49 (b)(h) | 186,000 | 192,412 | ||||||
COMM 2015-PC1 Mortgage Trust | ||||||||
Series 2015-PC1, 4.464%, due 07/12/50 (b)(h) | 450,000 | 481,015 | ||||||
Freddie Mac Multifamily Structured Pass Through Certificates | ||||||||
Series K-108, 1.690%, due 03/25/30 (b)(h) | 499,984 | 65,257 | ||||||
Series K-1501, 0.403%, due 04/25/30 (b)(h) | 2,783,377 | 78,076 | ||||||
Series K-110, 1.698%, due 04/25/30 (b)(h) | 499,479 | 64,055 | ||||||
Series K-118, 0.962%, due 09/25/30 (b)(h) | 999,178 | 77,549 | ||||||
Great Wolf Trust 2019-WOLF | ||||||||
Series 2019-WOLF, 1.748%, due 12/15/36 (1 Month U.S. LIBOR + 1.633%) (b)(e) | 400,000 | 396,002 | ||||||
GS Mortgage Securities Trust 2018-HART | ||||||||
Series 2018-HART, 1.210%, due 10/15/31 (1 Month U.S. LIBOR + 1.090%) (b)(e) | 190,000 | 189,822 | ||||||
GSCG Trust 2019-600C | ||||||||
Series 2019-600C, 2.936%, due 09/12/34 (b)(e) | 200,000 | 205,625 | ||||||
J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON | ||||||||
Series A, 3.884%, due 01/06/34 (b)(e) | 150,000 | 157,565 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5 | ||||||||
Series B, 5.425%, due 08/17/46 (b)(e)(h) | 235,000 | 235,618 | ||||||
JP Morgan Mortgage Trust 2017-2 | ||||||||
Series 2017-2, 3.500%, due 05/25/47 (b)(e)(h) | 131,324 | 131,739 | ||||||
JP MORGAN MORTGAGE TRUST 2018-5 | ||||||||
Series 2018-5, 3.500%, due 10/25/48 (b)(e)(h) | 300,258 | 304,928 | ||||||
JP Morgan Mortgage Trust 2019-1 | ||||||||
Series 2019-1, 4.000%, due 05/25/49 (b)(e)(h) | 50,597 | 51,571 | ||||||
JP Morgan Mortgage Trust 2019-3 | ||||||||
Series 2019-3, 4.000%, due 09/25/49 (b)(e)(h) | 15,198 | 15,428 | ||||||
JP Morgan Mortgage Trust 2019-INV3 | ||||||||
Series 2019-INV3, 3.500%, due 05/25/50 (b)(e)(h) | 338,576 | 353,018 | ||||||
JP Morgan Mortgage Trust 2020-2 | ||||||||
Series 2020-2, 3.500%, due 07/25/50 (b)(e)(h) | 236,068 | 241,510 | ||||||
JP Morgan Trust 2015-3 | ||||||||
Series 2015-3, 3.500%, due 05/25/45 (b)(e)(h) | 155,925 | 156,919 |
JPMBB Commercial Mortgage Securities Trust 2013-C12 | |||||||||
Series B, 4.105%, due 07/17/45 (b)(h) | 182,000 | 192,321 | |||||||
Manhattan West | |||||||||
Series C, 2.413%, due 09/12/39 (b)(e)(h) | 200,000 | 198,865 | |||||||
Mello Warehouse Securitization Trust 2020-1 | |||||||||
Series 2020-1, 1.259%, due 10/27/53 (1 Month U.S. LIBOR + 1.150%) (b)(e) | 150,000 | 151,148 | |||||||
Morgan Stanley Capital I Trust 2016-BNK2 | |||||||||
Series C, 3.901%, due 11/18/49 (b)(h) | 200,000 | 202,716 | |||||||
PSMC 2020-3 Trust | |||||||||
Series 2020-3, 3.000%, due 11/25/50 (b)(e)(h) | 157,863 | 161,532 | |||||||
Ready Capital Mortgage Financing 2021-FL5 LLC | |||||||||
Series 2021-FL5, 1.860%, due 04/25/38 (1 Month U.S. LIBOR + 1.750%) (b)(e) | 400,000 | 400,251 | |||||||
Sequoia Mortgage Trust 2013-3 | |||||||||
Series 2013-3, 2.500%, due 03/25/43 (b)(h) | 149,107 | 149,451 | |||||||
Sequoia Mortgage Trust 2016-3 | |||||||||
Series 2016-3, 3.000%, due 11/25/46 (b)(e)(h) | 208,379 | 210,649 | |||||||
Sequoia Mortgage Trust 2018-8 | |||||||||
Series 2018-8, 4.000%, due 11/25/48 (b)(e)(h) | 217,125 | 221,802 | |||||||
Sequoia Mortgage Trust 2019-CH3 | |||||||||
Series 2019-CH3, 4.000%, due 10/25/49 (b)(e)(h) | 36,288 | 36,948 | |||||||
Sequoia Mortgage Trust 2020-4 | |||||||||
Series 2020-4, 2.500%, due 11/25/50 (b)(e)(h) | 200,000 | 197,215 | |||||||
Sequoia Mortgage Trust 2021-1 | |||||||||
Series A-7, 2.500%, due 03/25/51 (b)(e)(h) | 400,000 | 394,975 | |||||||
Shellpoint Co-Originator Trust 2016-1 | |||||||||
Series 2016-1, 3.500%, due 11/25/46 (b)(e)(h) | 166,565 | 168,249 | |||||||
UBS-Barclays Commercial Mortgage Trust 2012-C4 | |||||||||
Series A-5, 2.850%, due 12/12/45 (b) | 28,000 | 28,824 | |||||||
Wells Fargo Mortgage Backed Securities 2020-RR1 Trust | |||||||||
Series A-1, 3.000%, due 05/25/50 (b)(e)(h) | 295,106 | 300,206 | |||||||
WFRBS Commercial Mortgage Trust 2014-C21 | |||||||||
Series 2014-C21, 4.213%, due 08/16/47 (b)(h) | 207,000 | 220,675 | |||||||
Total Non-Agency Mortgage-Backed Obligations (Cost $7,862,636) | 7,827,365 | ||||||||
NON-AGENCY MORTGAGE-BACKED OBLIGATION INTEREST-ONLY STRIPS - 0.1% | |||||||||
BANK 2020-BNK30 | |||||||||
Series 2020-BNK30, 1.344%, due 12/17/53 (b)(h) | 997,255 | 98,780 | |||||||
Benchmark 2020-B19 Mortgage Trust | |||||||||
Series 2020-B19, 1.778%, due 09/17/53 (b)(h) | 998,934 | 112,041 | |||||||
DBJPM 20-C9 Mortgage Trust | |||||||||
Series 2020-C9, 1.714%, due 08/15/53 (b)(h) | 789,356 | 83,686 | |||||||
Total Non-Agency Mortgage-Backed Obligation Interest-Only Strips (Cost $303,495) | 294,507 |
ASSET BACKED SECURITIES - 1.6% | |||||||||
American Airlines 2016-2 Class AA Pass Through Trust | |||||||||
Series 2016-2, 3.200%, due 12/15/29 (b) | 56,665 | 56,251 | |||||||
Commonbond Student Loan Trust 2018-C-GS | |||||||||
Series A-1, 3.870%, due 02/25/46 (b)(e) | 200,473 | 206,083 | |||||||
Exeter Automobile Receivables Trust 2020-3 | |||||||||
Series 2020-3, 1.320%, due 07/15/25 (b) | 200,000 | 202,112 | |||||||
FedEx Corp 2020-1 Class AA Pass Through Trust | |||||||||
Series 2020-1AA, 1.875%, due 08/20/35 (b) | 76,888 | 74,026 | |||||||
Helios Issuer LLC | |||||||||
Series A, 2.980%, due 06/20/47 (b)(e) | 268,377 | 269,099 | |||||||
Laurel Road Prime Student Loan Trust 2020-A | |||||||||
Series 1.40000, 1.400%, due 11/25/50 (b)(e) | 300,000 | 294,565 | |||||||
Loanpal Solar Loan 2020-2 Ltd. | |||||||||
Series A, 2.750%, due 07/20/47 (b)(e) | 270,280 | 272,472 | |||||||
Mosaic Solar Loan Trust 2020-2 | |||||||||
Series 2020-2, 1.440%, due 08/20/46 (b)(e) | 138,681 | 134,914 | |||||||
Navient Private Education Refi Loan Trust 2020-G | |||||||||
Series A, 1.170%, due 09/15/69 (b)(e) | 246,645 | 247,447 | |||||||
Navient Private Education Refi Loan Trust 2021-A | |||||||||
Series A, 0.840%, due 05/15/69 (b)(e) | 145,108 | 144,596 | |||||||
Oscar US Funding XII LLC | |||||||||
Series A-4, 1.000%, due 04/10/28 (b)(e) | 200,000 | 199,177 | |||||||
PFS Financing Corp. | |||||||||
Series 2021-A, 0.710%, due 04/15/26 (b)(e) | 100,000 | 99,430 | |||||||
Santander Consumer Auto Receivables Trust 2021-A | |||||||||
Series 2021-A, 1.030%, due 11/16/26 (b)(e) | 150,000 | 148,355 | |||||||
Santander Drive Auto Receivables Trust 2020-3 | |||||||||
Series B, 0.690%, due 03/17/25 (b) | 100,000 | 100,320 | |||||||
Series C, 1.120%, due 01/15/26 (b) | 200,000 | 201,465 | |||||||
SMB Private Education Loan Trust 2020-PTB | |||||||||
Series 1.60000, 1.600%, due 09/15/54 (b)(e) | 350,000 | 349,901 | |||||||
Sofi Consumer Loan Program 2018-1 Trust | |||||||||
Series B, 3.650%, due 02/25/27 (b)(e) | 139,827 | 142,110 | |||||||
SoFi Consumer Loan Program 2020-1 Trust | |||||||||
Series B, 2.250%, due 01/25/29 (b)(e) | 400,000 | 407,110 | |||||||
Sofi Professional Loan Program 2017-C LLC | |||||||||
Series A-1, 0.709%, due 07/25/40 (1 Month U.S. LIBOR + 0.600%) (b)(e) | 145,623 | 145,700 | |||||||
Sofi Professional Loan Program 2018-B Trust | |||||||||
Series 3.34000, 3.340%, due 08/25/47 (b)(e) | 184,621 | 190,304 | |||||||
Tesla Auto Lease Trust 2019-A | |||||||||
Series 2019-A, 2.680%, due 01/20/23 (b)(e) | 250,000 | 256,849 | |||||||
United Airlines 2014-2 Class A Pass Through Trust | |||||||||
Series A, 3.750%, due 03/03/28 (b) | 42,808 | 43,991 | |||||||
Vivint Solar Financing VII LLC | |||||||||
Series LLC, 2.210%, due 07/30/51 (b)(e) | 195,065 | 191,972 | |||||||
Volvo Financial Equipment LLC | |||||||||
Series A-4, 0.600%, due 03/15/28 (b)(e) | 150,000 | 151,197 | |||||||
Westlake Automobile Receivables Trust 2020-3 | |||||||||
Series B, 0.780%, due 11/17/25 (b)(e) | 200,000 | 200,617 | |||||||
Total Asset-Backed Securities (Cost $4,749,074) | 4,730,063 |
COLLATERALIZED LOAN OBLIGATIONS - 1.6% | |||||||||
Aimco CLO 11 Ltd. | |||||||||
Series LTD, 1.564%, due 10/15/31 (3 Month U.S. LIBOR + 1.380%) (b)(e) | 500,000 | 500,901 | |||||||
Apidos CLO XXIII | |||||||||
Series XXIII, 1.404%, due 04/15/33 (3 Month U.S. LIBOR + 1.220%) (b)(e) | 400,000 | 400,079 | |||||||
Bardot CLO Ltd. | |||||||||
Series 2019, 1.872%, due 10/22/32 (3 Month U.S. LIBOR + 1.650%) (b)(e) | 400,000 | 401,346 | |||||||
Barings CLO Ltd 2020-I | |||||||||
Series LTD, 1.584%, due 10/15/32 (3 Month U.S. LIBOR + 1.400%) (b)(e) | 400,000 | 400,656 | |||||||
Benefit Street Partners CLO XIX Ltd. | |||||||||
Series A, 1.534%, due 01/18/33 (3 Month U.S. LIBOR + 1.350%) (b)(e) | 400,000 | 401,124 | |||||||
Betony CLO 2 Ltd. | |||||||||
Series 2018, 1.285%, due 04/30/31 (3 Month U.S. LIBOR + 1.080%) (b)(e) | 250,000 | 249,976 | |||||||
CIFC Funding 2020-III Ltd. | |||||||||
Series 2020-3, 1.805%, due 10/20/31 (3 Month U.S. LIBOR + 1.600%) (b)(e) | 400,000 | 400,984 | |||||||
Dryden 78 CLO Ltd. | |||||||||
Series LTD, 1.403%, due 04/18/33 (3 Month U.S. LIBOR + 1.180%) (b)(e) | 500,000 | 499,734 | |||||||
Marble Point CLO XIV Ltd. | |||||||||
Series FLT, 1.504%, due 01/20/32 (3 Month U.S. LIBOR + 1.280%) (b)(e) | 490,000 | 490,271 | |||||||
Octagon Investment Partners 48 Ltd. | |||||||||
Series A, 1.732%, due 10/20/31 (3 Month U.S. LIBOR + 1.500%) (b)(e) | 400,000 | 400,827 | |||||||
OHA Credit Funding 4 Ltd. | |||||||||
Series A-1, 1.552%, due 10/22/32 (3 Month U.S. LIBOR + 1.330%) (b)(e) | 400,000 | 400,792 | |||||||
Sound Point CLO XXVII Ltd. | |||||||||
Series 2020-27, 1.940%, due 10/27/31 (3 Month U.S. LIBOR + 1.700%) (b)(e) | 400,000 | 401,214 | |||||||
Total Collateralized Loan Obligations (Cost $4,925,430) | 4,947,904 | ||||||||
CORPORATE BONDS - 3.8% | |||||||||
Australia - 0.1% | |||||||||
Scentre Group Trust | |||||||||
3.625%, due 01/28/26 (b)(e) | 182,000 | 196,029 | |||||||
Britain - 0.3% | |||||||||
AstraZeneca PLC | |||||||||
0.700%, due 04/08/26 (b) | 94,000 | 90,486 | |||||||
BAT International Finance PLC | |||||||||
1.668%, due 03/25/26 (b) | 165,000 | 162,464 | |||||||
BP Capital Markets PLC | |||||||||
3.535%, due 11/04/24 (b) | 122,000 | 133,192 | |||||||
Royalty Pharma PLC | |||||||||
0.750%, due 09/02/23 (b)(e) | 66,000 | 65,713 | |||||||
1.750%, due 09/02/27 (b)(e) | 67,000 | 65,253 | |||||||
517,108 |
Canada - 0.3% | |||||||||
Brookfield Finance, Inc. | |||||||||
4.350%, due 04/15/30 (b) | 174,000 | 195,307 | |||||||
The Bank of Nova Scotia | |||||||||
2.700%, due 08/03/26 (b) | 182,000 | 192,105 | |||||||
The Toronto-Dominion Bank | |||||||||
0.750%, due 01/06/26 (b) | 160,000 | 155,742 | |||||||
543,154 | |||||||||
Cayman Islands - 0.0% (f) | |||||||||
XLIT Ltd. | |||||||||
4.450%, due 03/31/25 (b) | 80,000 | 89,034 | |||||||
France - 0.0% (f) | |||||||||
Total Capital International SA | |||||||||
2.434%, due 01/10/25 (b) | 81,000 | 84,687 | |||||||
Japan - 0.0% (f) | |||||||||
Mitsubishi UFJ Financial Group, Inc. | |||||||||
3.761%, due 07/26/23 (b) | 77,000 | 82,473 | |||||||
Nissan Motor Co. Ltd. | |||||||||
4.810%, due 09/17/30 (b)(e) | 80,000 | 87,658 | |||||||
170,131 | |||||||||
United States - 3.1% | |||||||||
3M Co. | |||||||||
2.000%, due 02/14/25 (b) | 102,000 | 105,956 | |||||||
AbbVie, Inc. | |||||||||
3.800%, due 03/15/25 (b) | 140,000 | 152,570 | |||||||
Alabama Power Co. | |||||||||
1.450%, due 09/15/30 (b) | 110,000 | 100,467 | |||||||
Altria Group, Inc. | |||||||||
3.400%, due 05/06/30 (b) | 102,000 | 106,562 | |||||||
Amazon.com, Inc. | |||||||||
1.500%, due 06/03/30 (b) | 146,000 | 139,022 | |||||||
American Honda Finance Corp. | |||||||||
1.200%, due 07/08/25 (b) | 81,000 | 80,710 | |||||||
American International Group, Inc. | |||||||||
3.900%, due 04/01/26 (b) | 162,000 | 178,291 | |||||||
American Tower Corp. | |||||||||
5.000%, due 02/15/24 (b) | 76,000 | 84,581 | |||||||
Amgen, Inc. | |||||||||
3.200%, due 11/02/27 (b) | 132,000 | 142,381 | |||||||
Amphenol Corp. | |||||||||
2.800%, due 02/15/30 (b) | 107,000 | 109,311 | |||||||
Anheuser-Busch InBev Worldwide, Inc. | |||||||||
4.150%, due 01/23/25 (b) | 79,000 | 87,776 | |||||||
Assurant, Inc. | |||||||||
4.200%, due 09/27/23 (b) | 77,000 | 83,175 | |||||||
AT&T, Inc. | |||||||||
2.750%, due 06/01/31 (b) | 160,000 | 158,942 | |||||||
Bank of America Corp. | |||||||||
4.125%, due 01/22/24 (b) | 214,000 | 234,014 | |||||||
4.000%, due 01/22/25 (b) | 82,000 | 89,781 | |||||||
2.496%, due 02/13/31 (3 Month U.S. LIBOR + 0.990%) (b) | 194,000 | 191,567 |
Booking Holdings, Inc. | ||||||||
4.500%, due 04/13/27 (b) | 80,000 | 92,936 | ||||||
Broadcom, Inc. | ||||||||
4.150%, due 11/15/30 (b) | 260,000 | 279,801 | ||||||
Carrier Global Corp. | ||||||||
2.722%, due 02/15/30 (b) | 215,000 | 216,750 | ||||||
Caterpillar Financial Services Corp. | ||||||||
2.850%, due 05/17/24 (b) | 104,000 | 110,880 | ||||||
Charter Communications Operating LLC | ||||||||
4.464%, due 07/23/22 (b) | 64,000 | 66,750 | ||||||
Citigroup, Inc. | ||||||||
4.450%, due 09/29/27 (b) | 88,000 | 98,923 | ||||||
Comcast Corp. | ||||||||
3.000%, due 02/01/24 (b) | 150,000 | 160,045 | ||||||
Constellation Brands, Inc. | ||||||||
3.700%, due 12/06/26 (b) | 102,000 | 112,057 | ||||||
CVS Health Corp. | ||||||||
3.875%, due 07/20/25 (b) | 270,000 | 298,378 | ||||||
1.750%, due 08/21/30 (b) | 160,000 | 148,640 | ||||||
Discovery Communications LLC | ||||||||
3.950%, due 06/15/25 (b) | 71,000 | 77,603 | ||||||
DTE Energy Co. | ||||||||
3.850%, due 12/01/23 (b) | 61,000 | 65,472 | ||||||
Duke Energy Corp. | ||||||||
3.150%, due 08/15/27 (b) | 156,000 | 166,138 | ||||||
Ecolab, Inc. | ||||||||
4.800%, due 03/24/30 (b) | 70,000 | 83,125 | ||||||
Entergy Corp. | ||||||||
0.900%, due 09/15/25 (b) | 110,000 | 106,989 | ||||||
Enterprise Products Operating LLC | ||||||||
2.800%, due 01/31/30 (b) | 80,000 | 82,454 | ||||||
Equinix, Inc. | ||||||||
1.800%, due 07/15/27 (b) | 145,000 | 142,409 | ||||||
Exxon Mobil Corp. | ||||||||
2.275%, due 08/16/26 (b) | 109,000 | 113,237 | ||||||
FedEx Corp. | ||||||||
3.100%, due 08/05/29 (b) | 209,000 | 218,100 | ||||||
FirstEnergy Corp. | ||||||||
4.400%, due 07/15/27 (b) | 159,000 | 171,511 | ||||||
General Electric Co. | ||||||||
3.450%, due 05/01/27 (b) | 109,000 | 118,485 | ||||||
Global Payments, Inc. | ||||||||
2.650%, due 02/15/25 (b) | 90,000 | 94,555 | ||||||
HCA, Inc. | ||||||||
4.125%, due 06/15/29 (b) | 113,000 | 124,865 |
Johnson & Johnson | ||||||||
0.950%, due 09/01/27 (b) | 100,000 | 96,901 | ||||||
1.300%, due 09/01/30 (b) | 100,000 | 93,662 | ||||||
JPMorgan Chase & Co. | ||||||||
2.776%, due 04/25/23 (3 Month U.S. LIBOR + 0.935%) (b) | 187,000 | 191,417 | ||||||
3.875%, due 09/10/24 (b) | 211,000 | 226,755 | ||||||
2.522%, due 04/22/31 (SOFR Rate + 2.040%) (b) | 390,000 | 387,900 | ||||||
Keurig Dr Pepper, Inc. | ||||||||
4.417%, due 05/25/25 (b) | 77,000 | 86,204 | ||||||
Kinder Morgan Energy Partners LP | ||||||||
3.450%, due 02/15/23 (b) | 77,000 | 80,464 | ||||||
Kite Realty Group LP | ||||||||
4.000%, due 10/01/26 (b) | 109,000 | 112,804 | ||||||
Microsoft Corp. | ||||||||
2.400%, due 08/08/26 (b) | 213,000 | 224,771 | ||||||
Morgan Stanley | ||||||||
2.188%, due 04/28/26 (SOFR Rate + 1.990%) (b) | 257,000 | 265,464 | ||||||
0.985%, due 12/10/26 (SOFR Rate + 0.720%) (b) | 160,000 | 155,905 | ||||||
MPLX LP | ||||||||
4.875%, due 12/01/24 (b) | 81,000 | 90,517 | ||||||
2.650%, due 08/15/30 (b) | 59,000 | 57,968 | ||||||
NextEra Energy Capital Holdings, Inc. | ||||||||
3.150%, due 04/01/24 (b) | 81,000 | 86,263 | ||||||
Oracle Corp. | ||||||||
2.950%, due 04/01/30 (b) | 231,000 | 238,065 | ||||||
O'Reilly Automotive, Inc. | ||||||||
3.600%, due 09/01/27 (b) | 182,000 | 198,673 | ||||||
Owl Rock Capital Corp. | ||||||||
3.750%, due 07/22/25 (b) | 80,000 | 82,983 | ||||||
PepsiCo, Inc. | ||||||||
2.625%, due 07/29/29 (b) | 92,000 | 96,051 | ||||||
Phillips 66 | ||||||||
0.900%, due 02/15/24 (b) | 78,000 | 78,019 | ||||||
Raytheon Technologies Corp. | ||||||||
3.200%, due 03/15/24 (b) | 101,000 | 107,794 | ||||||
Realty, Inc.ome Corp. | ||||||||
3.250%, due 01/15/31 (b) | 194,000 | 204,135 | ||||||
Ross Stores, Inc. | ||||||||
4.600%, due 04/15/25 (b) | 131,000 | 147,207 | ||||||
Sierra Pacific Power Co. | ||||||||
2.600%, due 05/01/26 (b) | 140,000 | 147,637 | ||||||
Steel Dynamics, Inc. | ||||||||
1.650%, due 10/15/27 (b) | 80,000 | 78,431 | ||||||
The AES Corp. | ||||||||
1.375%, due 01/15/26 (b)(e) | 78,000 | 76,101 | ||||||
The Boeing Co. | ||||||||
4.875%, due 05/01/25 (b) | 82,000 | 91,338 |
The Goldman Sachs Group, Inc. | |||||||||
2.908%, due 06/05/23 (3 Month U.S. LIBOR + 1.053%) (b) | 158,000 | 162,115 | |||||||
The Walt Disney Co. | |||||||||
2.200%, due 01/13/28 (b) | 79,000 | 80,515 | |||||||
T-Mobile USA, Inc. | |||||||||
3.750%, due 04/15/27 (b)(e) | 80,000 | 87,439 | |||||||
Verizon Communications, Inc. | |||||||||
3.376%, due 02/15/25 (b) | 162,000 | 175,564 | |||||||
4.329%, due 09/21/28 (b) | 80,000 | 91,433 | |||||||
Wells Fargo & Co. | |||||||||
2.406%, due 10/30/25 (3 Month U.S. LIBOR + 0.825%) (b) | 249,000 | 259,416 | |||||||
9,755,120 | |||||||||
Total Corporate Bonds (Cost $11,651,291) | $ | 11,355,263 | |||||||
RIGHTS - 0.0% (f) | |||||||||
Republic of Korea - 0.0% (f) | |||||||||
Dawonsys Co. LTD | |||||||||
14850.000%, due 04/21/2021 (b) | 228 | 684 | |||||||
Total Rights (Cost $595) | $ | 684 | |||||||
AFFILIATED REGISTERED INVESTMENT COMPANIES - 5.2% | |||||||||
Voya Emerging Markets Hard Currency Debt Fund - Class P | 236,031 | 2,237,574 | |||||||
Voya High Yield Bond Fund - Class P | 295,451 | 2,360,656 | |||||||
Voya Investment Grade Credit Fund - Class P | 151,113 | 1,666,781 | |||||||
Voya Securitized Credit Fund - Class P | 966,071 | 9,399,873 | |||||||
Total Affiliated Registered Investment Companies (Cost $15,516,967) | 15,664,884 | ||||||||
Total Investments at Value - 94.0% (Cost $220,005,574) | 281,637,435 | ||||||||
Other Assets in Excess of Liabilities - 6.0% | 17,969,560 | ||||||||
Net Assets - 100.0% | $ | 299,606,995 |
Percentages are stated as a percent of net assets. | |||||||||
(a) | Non-income producing security. | ||||||||
(b) | Level 2 security. | ||||||||
(c) | Level 3 security. Security has been valued at fair value in accordance with procedures adopted by and under the general supervision of the Board of Directors. The total value of such securities is $28,476 as of March 31, 2021, representing 0.0% of net assets. | ||||||||
(d) | Illiquid security. The total value of such securities is $28,476 as of March 31, 2021, representing 0.0% of net assets. | ||||||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other ‘‘qualified institutional buyers.’’ As of March 31, 2021, the value of these investments was $25,099,963, or 8.4% of total net assets. | ||||||||
(f) | Represents less than 0.1%. | ||||||||
(g) | This security or a partial position of this security is on loan at March 31, 2021. The total market value of securities on loan at March 31, 2021 was $2,964,140. | ||||||||
(h) | Variable rate security. The coupon is based on an underlying pool of loans. The rate listed is as of March 31, 2021. | ||||||||
REIT | Real Estate Investment Trust | ||||||||
ADR | American Depository Receipt | ||||||||
CDI | CREST Depository Interest | ||||||||
GDR | Global Depository Receipt | ||||||||
NVDR | Non-Voting Depository Receipt | ||||||||
SDR | Special Depository Receipt | ||||||||
LIBOR | London Interbank Offered Rate | ||||||||
SOFR | Secured Overnight Financing Rate | ||||||||
The Accompanying Footnotes are an Integral Part of this Schedule of Investments. |
WILSHIRE INTERNATIONAL EQUITY FUND | |||||||
SCHEDULE OF FUTURES CONTRACTS | |||||||
March 31, 2021 (Unaudited) | |||||||
Notional | Value/ Unrealized | ||||||
FUTURES CONTRACTS SOLD SHORT | Contracts | Expiration Date | Amount | Appreciation | |||
5-Year U.S. Treasury Note Future | 27 | 06/30/2021 | $ | 2,634,756 | $ | 42,768 | |
10-Year U.S. Treasury Note Future | 29 | 07/21/2021 | 3,141,036 | 98,496 | |||
U.S. Treasury Long Bond Future | 7 | 07/21/2021 | 946,890 | 25,728 | |||
Ultra 10-Year U.S. Treasury Bond Future | 38 | 07/21/2021 | 3,495,575 | 195,564 | |||
Ultra Long-Term U.S. Treasury Bond Future | 4 | 07/21/2021 | 442,684 | 30,351 | |||
Total Futures Contracts Sold Short | $ | 10,660,941 | $ | 392,907 | |||
The average monthly notional amount of futures contracts sold short during the three months ended March 31, 2021 was $11,215,769. |
WILSHIRE INTERNATIONAL EQUITY FUND | |||||||||
SCHEDULE OF TOTAL RETURN SWAPS | |||||||||
March 31, 2021 (Unaudited) | |||||||||
Pay/Receive | |||||||||
Total Return | |||||||||
Reference | on Reference | Financing | Maturity | Payment | Notional | Value / Unrealized | |||
Counterparty | Entity | Entity | Rate | Date | Frequency | Shares | Amount | Appreciation | |
Morgan Stanley Capital | MSCI EAFE Total Return Index | Receive | (1 MO LIBOR + 0.070%) | 10/04/2021 | Monthly | 6,049 | $ 43,293,377 | $ 6,288,699 | |
Morgan Stanley Capital | MSCI Emerging Markets Total Return Index | Receive | (1 MO LIBOR + 0.100%) | 10/04/2021 | Monthly | 29,661 | 18,935,434 | 3,334,010 | |
Total Total Return Swaps | $ 9,622,709 | ||||||||
LIBOR - London Interbank Offered Rate. | |||||||||
The average monthly notional amount of total return swaps during the three months ended March 31, 2021 was $61,415,570. |
WILSHIRE INTERNATIONAL EQUITY FUND | |||||||||
NOTES TO SCHEDULE OF INVESTMENTS | |||||||||
March 31, 2021 (Unaudited) | |||||||||
1. Securities Valuation | |||||||||
Securities listed or traded on U.S. exchanges, including options, futures, swaptions and swap contracts, are valued at the last sales price on the exchange where they are principally traded. In the absence of a current quotation, a security is valued at the mean between the last bid and asked prices on that exchange. Securities quoted on the National Association of Securities Dealers Automatic Quotation (NASDAQ) System, for which there have been sales, are valued at the NASDAQ official closing price. If there are no such sales, a security is valued at the mean between the last bid and ask prices. Securities traded over-the-counter (other than on NASDAQ) are valued at the last current sale price; and if there are no such sales, a security is valued at the mean between the last bid and ask prices. Debt securities are typically valued at an evaluated bid price by a third-party pricing agent employing methodologies that utilize actual market transactions, broker-supplied valuations, or other inputs designed to identify the market value for such securities. Third-party pricing agents often utilize proprietary models that are subjective and require the use of judgment and the application of various assumptions including, but not limited to, interest rates, prepayment speeds, and default rate assumptions. Debt securities that have a remaining maturity of 60 days or less are valued at prices supplied by the Portfolios’ pricing agent for such securities, if available. Otherwise such securities are valued at amortized cost if the Adviser’s Pricing Committee concludes it approximates fair value. Equity securities primarily traded on a foreign exchange are typically valued daily at a price as provided by an independent pricing service, which is an estimate of the fair value price. | |||||||||
Foreign currency contracts, including forward contracts, are valued at the applicable translation rates as supplied by the third-party pricing vendor. In the event market quotations are not readily available, such securities are valued at fair value according to procedures adopted by the Board of Directors (the “Board”) or as determined in good faith by the Adviser’s Pricing Committee, whose members include at least two representatives of Wilshire Advisors LLC, formerly known as Wilshire Associates Incorporated (the “Adviser”), one of whom is an officer of the Company, or by the Company’s Valuation Committee which is composed of Trustees of the Company. Fair value is defined as the amount the owner of a security might reasonably expect to receive upon a current sale. Securities whose value does not reflect fair value because a significant valuation event has occurred may be valued at fair value by the Pricing Committee or the Valuation Committee in accordance with the Company’s valuation procedures. Significant events may include, but are not limited to, the following: significant fluctuations in domestic markets, foreign markets or foreign currencies; occurrences not directly tied to the securities markets such as natural disasters, armed conflicts or significant governmental actions; and major announcements affecting a single issuer or an entire market or market sector. The value of fair valued securities may be different from the last sale price (or the mean between the last bid and asked prices), and there is no guarantee that a fair valued security will be sold at the price at which a Portfolio is carrying the security. Wilshire International Equity Fund uses a third-party pricing agent who provides a daily fair value for foreign securities. In the event that the Adviser believes that the fair values provided are not reliable, the Adviser may request that a meeting of the Pricing Committee be held. | |||||||||
In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the Portfolios disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The guidance establishes three levels of the fair value hierarchy as follows: ● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Portfolios have the ability to access at the measurement date; ● Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, etc.); and ● Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). | |||||||||
In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The guidance establishes three levels of the fair value hierarchy as follows: ● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date; ● Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, etc.); and ● Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). | |||||||||
The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. During the period ended March 31, 2021, there have been no significant changes to the Fund’s fair value methodologies. | |||||||||
The following is a summary of the inputs used to value the Fund’s investments as of March 31, 2021: |
Wilshire International Equity Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 37,601,617 | $ | 194,360,678 | $ | 28,476 | * | $ | 231,990,771 | |||||||
Preferred Stocks | 74,715 | 3,076,460 | 3,151,175 | |||||||||||||
U.S. Treasury Obligations | - | 1,674,819 | 1,674,819 | |||||||||||||
Non-Agency Mortgage-Backed Obligations | - | 7,827,365 | - | 7,827,365 | ||||||||||||
Non-Agency Mortgage-Backed Obligations | ||||||||||||||||
Interest-Only Strips | - | 294,507 | - | 294,507 | ||||||||||||
Asset-Backed Securities | - | 4,730,063 | - | 4,730,063 | ||||||||||||
Collateralized Loan Obligations | - | 4,947,904 | - | 4,947,904 | ||||||||||||
Corporate Bonds | - | 11,355,263 | - | 11,355,263 | ||||||||||||
Rights | - | 684 | - | 684 | ||||||||||||
Affiliated Registered Investment Companies | 15,664,884 | - | - | 15,664,884 | ||||||||||||
Total | $ | 53,341,216 | $ | 228,267,743 | $ | 28,476 | $ | 281,637,435 | ||||||||
Other Financial Instruments** | ||||||||||||||||
Assets | ||||||||||||||||
Unrealized appreciation on futures contracts | $ | 392,907 | $ | - | $ | - | $ | 392,907 | ||||||||
Unrealized appreciation on swap contracts | - | 9,622,709 | - | 9,622,709 | ||||||||||||
Total Assets | $ | 392,907 | $ | 9,622,709 | $ | - | $ | 10,015,616 | ||||||||
* Includes securities that have been fair valued at $0. |
** Other financial instruments are derivative financial instruments not reflected in the Schedule of Investments, such as futures contracts and swap contracts. These contracts are valued at the unrealized appreciation (depreciation) on the instrument. | ||||||||||||||||
Refer to the Fund's Schedules of Investments for a listing of the securities by industry or sector type. Wilshire International Equity Fund held common stocks, that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) totaling $28,476. A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments, is only presented when a Portfolio has over 1% of Level 3 investments. |
2. Affiliated Investments | ||||||||||||||||
Due to Voya managing a portion of Wilshire International Equity Fund during the three months ended March 31, 2021, certain securities held by such Portfolio are considered | ||||||||||||||||
affiliated investments. Purchases and sales of shares of affiliated registered investment companies by Wilshire International Equity Fund during the three months ended | ||||||||||||||||
March 31, 2021 and the value of such investments as of March 31, 2021 were as follows: |
Counterparty | Value as of December 31, 2020 | Purchases | Proceeds from Sales | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value as of M arch 31, 2021 | Income Distribution | |||||||||||||||||||||
Voya Emerging Markets Hard | ||||||||||||||||||||||||||||
Hard Currency Debt - Class P | $ | 2,350,962 | $ | 30,008 | $ | - | $ | - | $ | (143,396 | ) | $ | 2,237,574 | $ | 29,900 | |||||||||||||
Voya High Yield Bond Fund - Class P | 2,842,037 | 42,300 | (500,000 | ) | 12,099 | (35,780 | ) | 2,360,656 | 40,408 | |||||||||||||||||||
Voya Investment Grade Credit Fund - Class P | 2,262,923 | 17,655 | (500,000 | ) | (36,102 | ) | (77,695 | ) | 1,666,781 | 16,192 | ||||||||||||||||||
Voya Securitized Credit Fund - Class P | 9,263,281 | 79,109 | - | - | 57,483 | 9,399,873 | 79,699 | |||||||||||||||||||||
$ | 16,719,203 | $ | 169,072 | $ | (1,000,000 | ) | $ | (24,003 | ) | $ | (199,388 | ) | $ | 15,664,884 | $ | 166,199 |